imf sun, ttjesdaV, amul 6, 1918:
February Statement Indicates
Good Progress Is Made in
INCREASE IN CALL LOANS
jjornl Bank Adds $8,000,000
to Its Foreign Deposits
Sptclal Dcpatcli to Taa Sen.
Montreai-i Canada, April 1. The
Fftruaxy statemrnt of Canadian banka,
ned few days ago, la taken
j;ere an reflecting further Improvement
t the general financial altuatlon in the
pomlnlon. The banks' holdings of securl
ftey, which decreased roundly $50,000,
(00 In January, largely as a result of
(iovernment repayments, were further
liquidated to the extent of about $0,000,
005, and while there was an Increase of
fT.000.0O0 In the mercantile and munld
ftl loans In Canada this was offset by
the decrease of a similar amount In the
current loans and discounts outside Can
(ids. A aatlsfactory feature pf the current
return Is that It shows the banks to have
made good progress in restoring their
external reserves. In view of the heavy
trade balance In favor of the United
ptatea and of the various Canadian bond
lus maturing from time to time In
New York this external reserve, consist
ing of call loans and net bank balances.
!i reckoned an Important banking asset.
During the five months ended January
,!, 191!, the banks were obliged to draw
cntlnually upon this fund and the ag
inrgatn balance fell from 245,327.63
to 11SS,01I,210, the decrease being $57,
rco.000. In February there was an In
. rsaso of $26. 500,000. bringing the bal
ance up to $214,541,027 and making the
i rt d-roiso for the six months $S1,
IOO.H0O. The movement wait reflected by an In
cram of $27,200,000 In the call loans
r"nhre than Canada, mast of It prob
ithlv occurring In connection with loans
n Wall Street houses. Tho Bank of
Montreal !s responsible for the greater
part of the Increase In call loans. (Ubal
.i.va therefore rtslnjr $18,000,000 to an
aycirpatfl of $95,300,000.
Kojai Bank of Canada shows an In
,tpi of $8,000,000 and the Canadian
Hank of Commerce and Bank of Nova
.otla an Increase of $2,000,000 each
To of these banks the Montreal and
fie Royal reported Increases of $9,000,
"00 and $8,00,0000 respectively In de-
iwslts of branches outside Canada, and
probably these Increased foreign deposits
furnished a considerable portion of the
wherewithal for making additional loanx
in Wall Street.
I'sually when a sharp Increase oc
rur In the deposits held by Canadian
hank branches outside the Dominion the
development may be traced to Canadian
sftirity Issues In New York or London:
tut there has been no Intimation of any
recent transaction of that kind which
might account for the Increase of funds
!n February. On the contrary the New
Tork market has been rather tightly
dosed against such new loans. 8o far
as the Royal Bank of Canada Is con
-riled, the Increase of $8,000,000 In Its
foreign deposits might conceivably be
connected with the activities of Its
Cuban and other tropical branches dur
ii.k the Sugar reason.
The additional funds put Into call
tarni by the Canadian Bank of Com
merce In February were apparently de
sert In part from the reduction of
jC.fiflO.OOO In Its current or time loans
o tld Canada.
The Currency Contraction.
The statement of the Dominion Oov-
frnment's note circulation for February
: hat not yet been Issued, but the Item
of the bank return showing a decrease
"f 111,200,000 In bank holdings of Do
minion notes points to a contraction of
He (rovernment issues. The banks'
i, "Mings of Dominion notes during Feb-
Mary declined from $184,900,000 to
Sr3,;o0,000; and at the same time the
amount of Dominion notes pledged by
'Vm In tho central gold reserves as
cor for excess Issues of bank notes
fell from $57,300,000 to $56,500,000.
Po nil told, there was a decrease of
Jll.noo.OOO In the amount directly and
indirectly held by the banks. It will be
'fmembered that between Aurust 31 and
I'ecembtr 31, 1917. the Dominion note
'.sues rose from $182,100,000 to $272,
' .000 the Increase of I90.SOO.000
b'lr.g supposedly duo to loans by the
fioernment to the banks to enable them
to carry the eneclal craln credit of 1100..
WOOO and otherwise finance the crop
At the end of December the Finance
i'nartment reported $98,000,000 of ap
Movm securities (probably British treas
"ry bills) held acalnst Its Issues of Do
minion notes the gold reserve against
n notes having meantime fallen
elleh'ly, from $120,000,000 to $115,000,-
As rach new lsue of Dominion notes
da-Ins the fall months was reflected by
,n approximately equal Increase In the
"minion notes held by the banks, so the
''bruarv dwrf.u. f iinnnnnn in iii
W holdings of legal tender notes
v" nts to a redemption and cancellation
r uio Dominion Issues. The figures
above referred to show that the decrease
"f 'esral tender notes has been more than
&St hv Ihn Inrrpun In !! Imn In
Vorlt ' 01,(1 ln vlew of the ,aot that
'"J "legaw are at present Inconvertible
th'lr conversion Into an asset which la
Mailable for meeting Canada's Intema
"nal obligation obviously strengthens
The Wheat Credit.
(s conceivable that the decrease of
nk holdings of Dominion notes and the
increase of call loans In New York are
connected. Thus If the Canadian banks
jwlrg February received from theBrlt
n Government or Its agents, the Wheat
"port Company, substantial repayments
- money advanced under the special
Krain credit, such repayments most likely
u.d be In the form of New Tork funds,
nd until called for to meet the Domln
jons exchange obligations they would
.-..iin B joanea at cull in the Amerl
Meantime halng received payment
Part of the amount loaned by them
Mr the W)lnat creljit, the Canadian
"nihessj could reiiav the (Dominion Oov
'rnment a Part of th moristv hnrrna-u1
'i Pledge of securities for the purpose
carrying that credit The payments
me dominion Treasury would be in
tie form Of Its own Isiral nAr r,l
nd on receipt of the same the issues
ould he cancelled:
It U In this manner that the liquida
te of the grain credit would naturally
P-oceedj and during the eiprlng and
,;rly summer tflere will probably be In
"'Wince finder contraction of the
dominion Government's note Issues.
Mlowlng for tho expansion of about
' '"10.000 In tho bank note circulation
Hiring Vebmarv It vniiM thai
Jfiin Dorember 31, 1917, to February
'"1?. the bank and Uovcrnmcnt notes
n circulation decreased by something
MAT DEPA1TMCTT STOMS,
stake Reeora la High Wei Preats
la Year 191T.
May Department Rtoraa. ancnrdlnv to
the annual report Issued yesterday for
the fiscal year ended January 31, mado
record high net profits of $4,246,691, but
owing to Federal tatea the balance
available for dividends fell slightly be
low the preceding vear'a drams- Afir
preferred dividends of approximately
kvu.upu me balance was equal to $16.73
a Share On 115.000.000 common tru-V
This compared with 116.79 earned In
me preceding year.
Federal taxes of $850,000 were almost
exactly one-fifth of net profits. Total
Income of 14.277.(48 In the. var iu.l
closed compared with $1,446,058 In the
preceding year and $2,187,065 In 1916.
Burplus for the year after all charges
and dividends amounted to $1,758,773.
INCOME IS LESS
Net Income in 1917 Is 93,444-,-
174. Less Than in Pre
Tn the transition of 4ts plants from a
peace to a war basis tho Willys-Overland
Company suffered a $3,444,174 loss
In net Income last year from the pre
ceding year, according to the company's
annual statement Net In the twelve
months ended December 31 last totalled
$6,121,544 after all charges, Including
provision for Federal taxes, compared
with $9,56,718' for 1916. The 1917 net,
after $1,138,341 for the nreferred divi
dends, left a balance equal to $3.16 a
snaro on l,55,118 shares of common
stock, par value -9SS. agaInRt$5rri av
share earned In 1916 on 1,490,953 shares
The apparent deficit of imii om
the result of last year's operations re
sulted from tho charging off for depre
ciation and tool replacements sums
wnicn aid not appear at all In the 1916
report. The profit and loss surplus of
$24,301,384 compared with $27,596,593
the preceding year.
John N. Willys, president of the com
pany. In hU remarks to stockholders
says: "In the year 1917 the Willys
Overland Company. In Its desire to use
Its great facilities for war work,
branched out Into several new -lines.
Automobile sales were ahead of 1916 for
tne first nine months of the year, but
declined sharply ln the laet quarter of
the year. This closing period of the
year was one of rapid and sweeping re
adjustment from a peace to a war man
Hegardlng the Willys-Overland Inter
est In the Curtlss Aeroplano affairs Mr.
Willys says: "In connection with tho
acquisition of an Interest In the Curtlss
Aeroplane and Motor Corporation. th
Willys-Overland Company sold at par ta
private Interests $3,475,000 of Its 7 pef
cent stock authorized ln 1915. but unis
sued since then. The proceeds of this
sale, together with $1,600,000 of 6 per
cent one year Willys-Overland Company
notes, were used to purchase 24.000
shares of 7 per cent cumulative pre
ferred stock and 60.000 shares of com
mon stock and $1,600,000 of ten year 6
per cent notes of the Curtlss Aeroplane
and Motor Corporation. Since January
1, 1918, the Curtlss corporation has re
deemed these ten year notes at 102 H
"The automobile business for the past
.year was satisfactory. Sales for the first
nine months were well ln excess of the
same period of the previous year, and
for the full twelve months might have
reached a now high total were It not
for the readjustment to war conditions
as hereinbefore referred to.
"Unfilled orders on hand to date are
In excess of the Fame period of a year
ngo. This fact, together with the ad
vanced stage of 1918 pchedule of auto
mobllo production, points clearly to the
conclusion that plant and branch house
Inventories will te very largely reduced
before the end of the summer. This re
lease of funds, now In progress, will en
able the company to reduce materially
the outstanding current Indebtedness."
curb trading is
at a Standstill
Tendency Is to Await Farther
Developments in the Eu
Trading was almost at a standstill In
the curb market yesterday following a
fairly active and strong opening. Trices
as a rule were firm, but there was no
general upward movement the tendency
being o await further developments In
the European battle. The strength dis
played by the tobaoco stocks on the
Stock Exchange had no Influence In mov
ing British American Tobacco higher,
but It was under pressure and sold to a
new low level for tho year.
Inactivity In airplane shares attracted
some attention during the last week.
Dulness tn these' Issues) Is probably due
to lack of outsldo demand owing to state
ments In Congress and to various rumors
that airplane companies handling Gov
ernment contracts are lacking In output
Curtlss Aeroplane was Inactive, while
only a few sales wero reported In
Trading In the motor and war stocks
was almost at a standstill, but quota
tions were well maintained. Standard
Oil Issues were firm features, advance
from 2 to 13 points being recorded, with
the largest K.iln In Standard Oil of Now
Jerr?y. l'ralrle l'lpc Line moved to a
new high for the year.
Mining stocks were quite active. A
growing demand for silver shares was
noticed. The general opinion Is that sli
ver will be fixed at $1 an ounce, and that
companies operating outside of this
country will sell tho metnl at a figure
above the price fixed by the Government.
If this Is true It will mean better earn
ings for companies with mines In Mexico.
'JLampazos Silver was nlded by this stste
ment, and It Is said earnings are esti
mated to exceed $2,000,000 with the com
pletion of Its 300 ton plant El Salva
dor Silver, which was recently Intro
duced to trading, was steady. This com
pany is a consolidation of a group of
companies producing silver and gold In
the Republic of El Salvador.
Honda were moderately active and
fractionally higher with Initial trades
In Procter A Gamble 7s. 1920. and Win
chester Repeating Arms, which bears 7
per cent Interest. Russian Governments
Sales and quotations follow:
Sales. Hlth. Low. Last. Chre.
in' .srini r.apioiTes.
NK0) llrltljh-Am T new Wt
IJht. .. r,
tlupp Motor .... 3
SW Kfjitone TAR. 174
4SO0 Ijlm Munitions. S
1 Sralta Mi Truck. .J -!
M Kcrtppf.ltanth . .. 15
SM Standard MMor. . 13W,
CO Ktrrl Allurl
12o Thlnren c 4",
two ITnlte.1 Motor JS
IW r S RteamahlD.... t
M t'nlted zinc m
100 Wrlfht-Martln ... 74
W An-lo-Am UU 15V4
.- Ohio Oil t
JO l'ralrle I" 1 172 170
19 South penn OH...SM SO
71 Standard nil N J.M fcH
M Standard Oil N V.JM MS
With the volume of business compara
tively small, the market on the Consoli
dated Stock Exchange closed yesterday
with prices of the leading securities
showing fractional net gains. The closing
quotations, however, were at a lower level
than the day's high. The tone of the
market was Inclined to Irregularity dur
ing the greater part of the session,
which opened strong and active, giving
every promise of continuing so through
out the day. But In the second hour a
reaction set In and with the gradual re
cession In prices the volume of trading
grew less and less. The supply of
stocks was limited, but fully equal to
the demand. Good news from the battle
front caused prices to advance at the
opening and made the market fairly
active and the flrst hour the best of
the entire session. Lacking any support
save Iti own Inherent stability, the mar
ket sagged off. developing weakness
hero and there and stagnation. Under
such circumstances It was a cause for
wonder that the market held as It did.
It was proof of the assertion that the
majority of securities Is held In strong
nana?. wieei common theld Its own
throurhout the day. moving within nar
row l.:nlts. Crucible showed a "frac
tional los. The railroad eoulnment
stocks closed slightly higher. Copper
stocks were In good demand during the
enure nession. The motor stocks were
Inclined to weakness. esDectallr stud.
baker. General Motors, after reacting
more man a -point closed at a slight ad
vance. Sinclair Oil In the afternoon
session wan subjected to a selling pres
sure and closed with a net loss. The
volume of trading In Mberty bonds was
Admitted to Federal Reserve.
Washinqton, April 1 The People's
Bank and Trust Company of Mollne. 111.,
has been admitted to the Federal re
serve system, iu resources are $4,326 -000.
DAILY TEEASUEY STATEMENT.
'serial DttpatcK ta Tni 3u.
sa-4 llrnjnmv . . , . . .
........ ......,, y,rii i. maiement of re
ceipts and dlabtirarmenta of Tresaory ahosir
, . aiaren. elacxl year.
Tteeelpta .. $l,lM2Vm $u,719.917..i7
Piilraraements 1,117,123.170 It 4 M i
nencit $l.s,4W ii,4a,n
i-nMoms receipts, Il.x.rsl; Internal iTeno
ordinary. $S,710.M: Income tax, IJ.HO.MO: nils'
cellaneona. $7J,720: national bank uotea ra.
orlred for redemption. It.SM.W).
Statement of United States Trcanrer for
United states notes
National bank notae sod Federal re
Certified riecks on banks
olxldlsrr sllier, minor rein and
Unclassified (unanrted) nrrenry..,.
Deposits tn bank! and Philippine
f, 445, 761
Available currency In Treaanrr and
Deduct current liabilities UO.MO.Oss
Net balance In general fmid.,.,
Gold rota tnd bullion
To redeem outstanding fwrtlfleates.f !.71!.t7,TM
Graaa total cuk assets la Tracrarr ,07,t4S,
K V4 4
H - 4
17 174 M
i -lt 1-H
SS tS -H
11 is ..
4 i4 4
M J - 4
"4 IS ..
74 7, H
Allen Oil Gaa... S 7-1 S
Harnett o a II....
Iloton-Wy OU....t tl
IVsden A Co TH
I'rnwn Oil S4
Dlile ft 10U
Klk Raaln Pet...... S
Klkland O A O.... H
Esmeralda Oll....t 11
Federal Oil I
Hsnorer O A R... 7
iiouaion mi 44
Kenova Oil S-lf
Mldvest Oil ...tlOl
Mlile.t Hef 105
N V Okla 1)11
.Northwestern Oll.f 7
Pkniulzre (III sv
Hkls ' A II
Omsr Oil A (iaa.t 13
IVnn Kentucky ... B1-.
Dii-n oil ;t SS
Kiev oil u-Jl
Papiilpa 1 1 A- R. ... S4
The necessity of conforming to the
maximum price regulations gave the
coffee market rather an Irregular ap
pearance during yesterday's trading.
May contracts, which had closed at 1.80
bid on Thursday, wero marked down to
8.6D, representing tho maximum based
on the current month price of 8.50.
Asldo from this readjustment, there was
scattering liquidation of Hcptember, but
as soon as the felling of that delivery
had been absorbed on a decline of about
10 points tho general Hat ruled steady
on scattered covering or trade buying.
Tho opening was 2 points higher to 8
points tower, and the market closed at a
net decline of 15 points on April and
May, while other months wero G points
lower to 4 points higher.
Very little developed In the c. f.
market over the holidays, and shippers
ln Brazil are unable to offer freely aw
ing to the scarcity of freights, which
shows no Improvement About the only
offers here were Santos 4s at 11c. and
Santos K, 7 and 8s at 10.15c, both
steamship shipment and Ixmdon credits.
The deliveries of Urazlllnn coffee dur
ing the past week have been very heavy
and difficult to account for except that
the coffee may have gone to tli Gov
ernment and for export. Tho trado lias
been quiet, and It Is said that nt present
the Interior Is carrying full stocks.
Stocks Ht Brazilian ports nro targe
and clearances to the United States
have been light. There was n holiday Sat
urday In Brazil. The Santos spot market
was unchanged and futures 75 to 100
rels higher, Kecoipts at the two ports
were 26,000 bigs, against 12,000 bags a
Question of Tonnage Hal her
Than of Wheat Is tho
Ilange of prices :
9. IS 9. OH
1 94 9J
9 04 05
LIVE STOCK MARKETS.
Scquojali O A It.. 1 1 18 U-l
tsntnn II ., 2
Tuipsm Star Oll.t 74
fnlted West Oil.. ;
Victoria Oil 4H
Warland O k O. . 3
2000 Atlanta t 11
1SO0 Ills tedfo Cop.. . l'i
1300 Ilooth t 6
11100 lloston Mont t H
42T. Ilradihast S9-14
27O0 llutte Detroit ... S
HO) I'al A Jerome.... 1 1 14
3500 rnledonla Mln...t 43
ISNt'ansda I'op .. .. 14 1 11.1S
300 runs l on m . . 6H s4
:m Cons Arltoua J 1 IS IS
S.V) t'npper Vallejr. ... SS SS SS 14
llOOTrewon Hold, ... 4 4 4S ..
1000 Dundee Arizona. .. 111..
W0 r.ureka-Cnwsua . 1 7-U 1V4 IS l ie
2000 Kmma Consol..... ii U .-
60 First Nat cup.. 1 15-n 115-U 1 u-is
600 Gold Cons
loo Crjil norencp. . . ,t
woo Cold Merter t
1000 Cold Silver llck.t
lOQOOreat Bend t
1600 Homeatea,l Cons..
300 Howe Sound
looi) Indnt Iead t
S 14 !-
3 Inter Mines f 14
lVnJumtio Extern.. ,T 14
SOiolAnipasoa Silver.. IS 1 7-14
(00 McKln-uarrain ..T ta 40
10 Marsh M!mns....t 5 4 5
1000 Monster Chiet 3 33 S3 S-3J
WX Motherlode t M 3 37
SXO Motberlo1e n w I. 3"i 3 11-ld 3i
!' Nit Iieaatnr t S'i 4S S
2100 Nat Zlno & i-eaof 3 a a :
Sfrt MplMlnt IS S'i m S
100 Nixon .Ner 1 1-S3 1 1-53 1 1-33 -1-SJ
IftV) North Mar .. t 4S 4S S
300 ononuacn ... 3
1800 Ohio Copper new.lS-l
lioo nay llerculea. . . 4S
woo Hex Coimol r 13
400) Rochester Mln...t 33
lOOO San Tov 10S
100 St Joe Lead HI
904 SenorlU 4
si on stand Sllv Irafl.. u
SM Stewart Mln
100,1 Suceeas Mtn...
400 Huperlor Cop..
16900 Tono Cashlxir.
300 Tonopan Kit
74 - 4
lono Tono J Huller....t W
lOMTono Res Eula.-t "4
400 rnlted Coo Mines. 4 4 4
too trnitr O M B4 t. l
SO0 ttnlted Kastem.... 4i 4's S
1S00 l'nltod Verde Kit. 5S M . M
500 West End Cons... t 79 79 79
fjsnoo Am T k T U 994 n4 MS
11000 Beth H 2 yr 5a.... 97S 97S 7S
1S000 Canadian ov (a.. 9SS 9S Mis
7000 Oen Elen a 1930.. 100 100 100
tono Proo O 7. 'Z0..190 99S 100
1000 Proc n 7s. 11.. t4 T4
.1000 Proc O 7s. '2J..1M 99S 100
10000 Weatlng Elec ... 9SS MS tM4
lOOOWInchea R A 7a.. 14 99H tt
Odd lota. tSella rents a share.
In maklnr nat cttanaea Bales of Ii
aliarea are diarecarded. In Stanadrd Oil Issues
a ten snare limn la usea.
Am Cyan . . 3
Am Cyan pt. M
Rr.IVfxl 17 II'.
now t-nem ,. ..
Dow Ch if... 93
Elea Bleach. .110
1.,., kan. n M
Free Tex new S
Hooker Elec.. 10
Ask I Bid. Ask
37. Hook Glee pf. M) M
. Ky Sol v ay ....SSO r)
lis Merrlinac so tr
4SMulford Co,.. S& CO
SMI Mutual V ....ISO
2U Nlatr Alk pf.. 97 93
96'Penn Bait ...71 M
lSoiRollIn Oi .,, M 711
96 Rol Ch pf.... 90 100
101 Srmet Sol ...19S 210
ll'Smltli Ar CTj.115
190'Solv I "roc ...40 270
908tsnd Ch 90 100
Card-Am . is
Card-Am pt so
Fa Jar do ,...107
Federal .... 79
Federal Pf.. 41
r.t Went ...110
at West pf.lOS
J two Cat..l
MsnaU pf,, 93
Mat-Am pf. 70
Mlehlaan ... 7
National .... 9
UO IN Nlouero..l70
110 18 Cecilia ... 14
H IS CedUs nt. 41
mtw I TT1
Uteves. Oalrea. Shep. Hois.
New York.... 4.109 8,410 10.SS7 11.724
Jersey ty... 4,14 7. 219 10,217 11,95
Central Union. 3,143 342
Steers, lOOSSc. hlrher: bulla snd cowa.
steady to higher; steers, ItO.SStf 14.16:
bulls, (7012.25: cows. f4.S0t710. Cslves
active and nrm; veAla. tls.tOitll; culls.
I11SK: llttl clvos. 1011.S5. Sheep
nominal: lambs. 60c. hlrher; unshorn,
I19.35t?20.t0. Hots, lower: fll.SSUlS.75,
11EKVKS Receipts, 3.145 head; 33 cars
on sale. Market active. Steers. 10(i26r.
higher, bulls and good to choice cows.
Arm to hlflier: medium and common cows,
steady. Sleers, I10.25O14.35 100 lbs;
bulls, S7t?12.25; cons. 11.50010: tnllends,
14.25. Dressed beef, higher at 174020c.
for city dressed sides.
Sales MrPheraon Co.: 11 Pennsyl
vania steers. 1,239 lbs. svers.c 114 23 100
lbs; 19, 1,010, 114 15; 10. 1,175. 113 40; 3
bulls. 1.471. ill 50, 3. 1.60. Ill; 7, 1.215
i75; S, 1.19s. IK, 4, 1,012, 19.50, 5 cows.
1.054. 19.65; I, 922, 19.35; 2. 1.010. 19 35.
13, 1,011, 19; 1, 1.010, I90: 4, 1,213.
IS 50; 3. 1,031, IS: 7, 900, 47.71; S, 937,
17, 5, 64C, K.IO; 5, 1,008. I.20; 14. 990.
14. 3. C73. 15.25; 9. 135. 15.10: 17. 951, 15,
4, 741. 11.25. J. Shamberc Son: 7 I'enn
srltanla steers, 1.233, 111.15, 13. 1.10.
113 25: 3. 1,115, 112 50; 6. 852. 111.70;. 1
bull. 1.430, 112, 2. 1,100, til. S. Sanders
22 Delaware sleers. 1.174, 111.75: 10 Penn
sylvania. 1,073, 113.50: 17, 1.071. 112.80.
17. 763, 110.35; 3 bulls, 1,770, 112.25: 2,
1.27S, 110.25; 3. 1..H4. I-.25 : 10 cows.
1.101. 410; 2. 1,150, 19. 60; 14, 1.071. 11.15.
6. i8, 17. 5. 1,020, IS. 50. Tohln ft Shan
lion 1 bull. 1.430, 9S0; 2. 975, t.60; 19
cowa. 1.049. 50; 2, 770. 17 25. 2. 765. SC
4. 905. 15.60: 9. 412. S4.50. J. (1. Curtis &
Son: 10 bulla. 1,117, 19.50: cows, 1.0S5.
IS; 14. 1.009. 17.50. 4S. 943. 17. 3. 1.133.
IS. 50; 8. 50, l. 5, 740. 15.75; 4, a3. 15 50;
7. 80S. $3; . 469. 14.50. Andrew Mullen:
2 bulls, 1.02S, 14.75; 10 cows, various
rAXVEtt Receipt. 4.100 head; 1,400 on
aal. Demand strong; good to choice firm:
medium higher: others unchanged. Veals,
lie. 30-l :i 100 lbs.; calls. 1120K: little
calvea. I10IS 11.2S. Cits dressed veals alow
nt 26030c.: country dreaaed tiller at 22
Sales H II. Ilo'.lls: It veals. 131 Iba
average. 131 100 lbs . 119. 115. 130.35: 146.
33. 1 60. 10 culls, 97, 111. W It. Hume,
111 v-3U, 12k, 2I 147, 122. 120.50. 55.
Ill, 120, 87, 100. 119 30, 64 culls. 12, 115
27 92. 113. 27, 92. Ill 1. 3. Curtis oc
201 vm,, 12-. :l 201, 121, I10.30; 537.
IU, ti. it;, no, lis, 21, 111, 117; 13 cui.i,
104, 115, 10. 115, 14, . 102, 113. 2 calves.
200, 110. Andrew Mullen: 10 veals, 130,
421; . 113. 120. I. 116, 119. 3 cull". 127,
111; 13. 83, 113. 2, 175. 112 8 SaiKlers
336 venls, 126. 121. 19, 1"T, 119.50. 0. Ill,
117.60, 6. 96, 117, 29 ci , DO, IK, 2, 16S,
115; 2. 90, 114. 31, II, I . 50; 2 calves, 265.
110. Kerns Commission Company: 13
veala, 116. 121; 10 culls, 13, 114. 31. 73,
112. 73 llrtla calvea, 54. 111.25. 22, 8,
110.30 ToMn A Shamion: 40 veals. 114,
121: 100, 96, 119: S culls. 92. 115. It. 73.
113: 12. 70. 110; 2 calves. 193. 19. Newton
A Co.: 17 vca'.s. 119. 121. McPherson ,t
Co : 14 veals. Ill, 121. 2, 100. 120, , 101,
119; I culls. 104. 114. 3. 8. 115; 109 little
calves. 68. Ill S. Judd & Co.- 8 veals,
115, 121. 15. 123. 120, 2. 160, 111. ,
SIIKEP AND I.AM US Receipts, 2.830
neau : i cars on sale. neep nominal;
lambs 50c. higher. Unshorn lambs. 819.25
V20 50 100 Iba Prrssed mutton firm at
19&23C. 100 lbs.; dressed lambs. 2192'c :
country dressed hothouse lambs, 112 tr 16
Sales S. Sanders: 200 unshorn 8tate
lambs. 74 lbs. average. 120 50 100 Iba. J
Shamberc & Sun: 211 Hurlalo lambs, 92,
IlOCifs Receipts, 1,205 head; 14 cars
on sate. Market lower. Medium weights,
18 75 100 Iba.; roughs, 116.76.
Sales Tobln Shannon: 24 Pennsyl
vania hogs, 144 lb. average, 118. 75 100
lbs.; 2 roughs. 245, 116.76. Kerns Com
mission Company: 69 Pennsylvania hogs,
16ii. 111.76. S Sanders: 9 Stats hogs.
162, 118.75; 2 roughs. US. 116.75.
Other Cltlea' I.Ue Stock Markets.
CHICAGO, April 1. Hog Receipts.
C5.0bO; nrm. Hulk, 118 85617.40, light.
IH.JOtf 17 60; mixed, ll.8017 55; heavy,
I15.75'iM7.15. rough, 115.76916, Pigs,
112.10'(f 1 60.
("attic Receipts. 21,000; steady; native
sUers. 19 70 it 14.65 : stackers and feeders,
18. 40 if 1 1 CO . cous and heifers, 16 30tf
12. calves. 110 50
. Sheep- Receipts, 12,000, strong. Sheep,
I1I.75U17, lambs, 81 3.25 t? 1 9.50,
ST. LOriS, April 1 Hogs-itecelpts,
13,500; steady Lights. 117.35617.(0.
pigs. I14 26U 17 25; mixed and butchers.
I17.05O17.46: good heavy, 116.86 V17.20,
bulk. Ill 90(1 17.46.
Cattle Receipts, 6.000; strong. Native
beef ateera, J1I.50; yearling ateera and
heifers. 17013. .',0: cowa, ICU11.60; .lock
ers and faeders, 17.601111.26; nallte
Sheep Receipts. 100; steady. I.ambs.
I14.50V19. ee, I12ffl6; wethers, 13
14: dinners and chopper, 16.60 0 9.60.
KANSAS CITV. April 1. Hogs Receipts,
10.000, higher. Bulk, 114.40 O 16.75 . heavy,
tlt.40ai4.7O; packers and butchers, 11150
tf 16.75; light. l.eotrl!.IO; pigs. 113 J
Cattle Receipts. 12,000; ateady. Prlmo
fed Meera. I13.25ttl4 25, dressed beef
steers, 111013.60; Southern ateera, 884)12,
cous, 7.60((12. helfora. 17.761112.75.
stnekera and feeders. 11(112.10; bulla. 17.(0
U 10.21; calves, 17.6013 50.
Shaep Receipts, 6,000, strong. Itmba,
tll(tfl; yearlings. 114.601(16.50; wethers,
118016.60; ewes, 112. 50 11.50.
riTTSnUB41, April 1. Cattle Rerelpta.
1,600; active, and higher. Steers. 111.60a
13.76; helfera. 110.6041 12; rnwa, 19010.
Hogs Receipts, 4,500: active and higher.
Heavies, I17.75V1I, heavy Yorkers, tit. 46
4(16.66; light Yorkers, ltVll.2S; pigs,
117 504f 17.75.
Sheep and I.amba Receipts, 2,600; steady
and higher. Top sheep, 312.50; top lambs,
CAM KH Receipts. 700, lower; top, tit,
CINCINNATI, April 1, Hogs Receipts,
6,200; ateady. l'ui kors and butchers, 111,
ronunon tn choice, $101? 14 ; pigs and
lights, 13ilH: stags, tlO<,
Catllo Receipts, 2,400: slow; steers,
17,60012.50: halfe.ra, 17.60911.75; cows,
16.752111. Calvea, lower, t74il4,S0.
Sheep Receipts. J00, ateady, ItfflS.tO,
Lambs, steady, tltSlt.
KANT IIIIK1AIX), April 1. Cattle
Receipts, 3,100 eaaler. Prime steers, 113.50
ail. shipping steers, tltfiMJ.23: butchers,
IIOtiK.tO; yearlings, I11.60W13; heifers,
t3212; cowa, 151112.25; hulls. I7i10,76;
stnekera and feeders. 17. 607710. 50. Fresh
cowa and springers, 16611135.
Calica lUcelpts, 1,750; easier, 17
Hogs- Receipts, 13,200; heavy, strong,
He.iy, II7.60WI8 15; mixed, IIS. 268J 18.60;
Yorkers. IH.iO'ii 18.50; light Yorkers, 117 75
(ill, pits, 117 50)117.75; roughs, 114(1)
16.25; stags, 1130 14,
Hheepa and Lambs Rocalpta, 4,000;
strong. Clipped Jamba, tl7.2S; wool
lambs. tt6V20.ir9: yearlings. I144T17.50:
wethsra. tt6trl6.60; ewea, 17014.26: mixed
Julius H. Barnes of the Food Ad
ministration has aald : "Pray for a bis
wheat crop!" Whatever prayers have
been made are helns; responded to. Thcro
are highly Impressive reports coming:
from virtually all Important n Inter
wheat districts Indicating; an Ideal crop
outlook. The April Government report,
due next Monday, promises to he an
exhibit of optimism. There have been
timely rains In the Southwestern winter
wheat belt, and also eome rains ln the
Bnst, nr;d while the effect of these will
not be fully registered In this coming
Government report, which takes up con
ditions as of April 1, the situation wilt
be duly altowed for.
A substantial Improvement In th
crop condition over the December report
of 79.3 is certain. In Oklahoma the con
dition last December wa only SO and
it is now figured at close to AO. Last
April tho Government made the condi
tion of winter wheat 9,3.t, which was
the lowest In a ilecado. and the crop. It
will bn remembered, was only 418,000,000
bushels of winter wheat. There will be
no winter wheat area figures given until
May, and It Is hard to conceive of any
thing that can develop to bring; down
the present area much under J3.000.000
ncres. as compared with onry 27 430,000
left standing a year ago. Taklnp; the
crop conditions nt this time, and the
area prospects of winter wheat, ft con
servative crop outlook In bushels at this
enrly date would be 600,000.000 bushels,
or nearly 200,000,000 bushels more win
ter wheat than a year ago.
Private adxlces have been received
stating that 200 farmers In Indiana,
IlllnoU and Kentucky have reported at n
millers' convention that winter wheat
In their rectlons never looked so irood
at this season of the year. Travelling
men from the more Northwesterly parts
say that sprlnar wheat seeding Is four
teen days ahead of last year, and an
early start of spring wheat on a well
prepared soil, Htlch ns l noted this
year, are two essentials for a hit; crop.
With tho decreased consumption of
wheat of about 20 per cent. In our
country nnd the great start of the win
ter and spring wheat crops, together
with the very favorable beginnlne of
tho Canadian spring wheat start, there
promises to be liberal quantities avail
able for export this comlnt; season, and
It will probably be mure a question of
tonnage to take the wheat abroad than
one of available supplies of grain, unless
the season changes quickly and adverse
climatic conditions remain for an ab
normally lone; time.
THE LONDON CITY & MIDLAND
HEAD OFFICE:. 5, TKREADNEEDLE ST., LONDON, EC. 2.
FOREIGN BRANCH OFFICEt 8, FINCH LANE. LONDON, E.C. 3.
Reserve Fund -
Cash in hand ft at lank of England 220,551,765
Money at Call and Short Notice - 15f ,917,IM
Bills of Eichante .... 175,264,955
This Bonk Is the Preprieear of The Belfast Banking
Company, Limited, and wiH facilitate ransactlons
between the United States and Ireland.
SIR EDWARD H. HOLDEN, Bart., Chairman.
OUT OF TOWN MARKETS
Bostok, April 1. Mining stocks un
changed. Calumet and Arliona sold off
a point on small lots. North Butte a
Hhado higher. Boston Elevated mad a
further gain to 5$ and West. End ad
vanced 1 '.4. nummary :
Sales. Open. Hlth. Low. Lat.
JAl.ifci Gold .... l'i i"t
StCnlimiel Jti Aril., f.1 US
ChtraaTo Grain Market.
PnitMoo. April 1 Burdnsomsj ar
rivals of low grade) corn had a benrlh
effect tn.day on the corn market. Trices
cloeed unsettled. He. net lower, with
May ll.ISVi. Oats finished IN to lc.
on. Tho outcome in provisions ranged
from lOc. decline to a rlse of 5c.
Depression ln the corn market de
veloped In tho main after cash dealings
had shown that poor to rotten samples
hail fallen In value 20c. to :5c. a bushel.
I'orn that was out of condition proved
hard to sell even at the bottom figures
reached, which wero about the lowest so
far on the 1917 rrcp. A further bearish
Influence was the fact thst the move
ment to primary points continued ma
terially iu excess of last year. Besides,
the visible supply total showed a liberal
gain as compared with a week ago, and
It was said shlpplnr business from hern
was out ct the question under exlstlriR
Oats underwent a decided setback on
account or lowering or bids from the
seaboard. Auspicious weather for tho
newly seeded crop tended also to weaken
l'rovlsinns averaged lower as a result
inoro or l h of a falllns off In ship
ments. Supplies of hogs In March ex.
reeded nil previous records for that
WIIKAT The copious rains of last vr.k
In the Southwest hava ery materially
tenefltsit tho winter nht crop ln that
COKS Market alt influence of favors,
ble crop proapsct for wheat and oats and
prices were lowr. laical rash market:
Kiln dried No. J yellow, tl.?1: No. 4
yellow, tl'O'; No. 1 white, 11.20' r f.
New Tork, Argentine torn, tl.jO f. o b.
0.TS Met flattering reports reganllng
prospects for new crop cause,! an easier
feellnjr ln market and at the cloae values
wero mc net lower for contracts tic.il
cash mVrlcet ea.ier; natural, tl.134
104: cllppe.1 white, 11 0881 04, nil ele.
KVK Market remnlne 1 entirely nominal
In absence of btialnesa and owing to scar
city of offers.
BAULKY -Steady; feertng. f 1 tS 9 1.90;
maitlnj. tiUZin c. f. New Vork.
ronN Open. ITItli. Iiw. Close, nsv
Msy izt llSK 1:41, U5U l'i
April f 89 81U, 7H S't
Msy I4H 8S 8.1S US U'i
May fl 71 K 5 ST. M M t.-, :i ;
Jlllr 2415 MS 25
Msr H.M 14 M tl 17 24.33 24 .'Jt
Julv . . .. 2I.S) 24.80 24 41J 54.7S 24 i'S
Msy... . 47.SO 47 79 47.17 47 61 47.55
vC.il Heda 422
S t eiitennlnl 14
1 Chi no 41
!m Topper Kange.... 444
4(1 Ur.Tis Dsly f.
." Kvl llmto !"
lo Franklin US
m Inspiration ?S
Mi Iain Royals 's
10 Iwike SMs
30 Maes Cons &4
10 Mayflower O C . Wo
C5 Mohawk em
M Worth Hut to H"
mOM Uom l
4.'. OJtbway l'
19 OMsxila 54
200 Pond Creek 19
IS Qutncr 6"H
45 Shannon 4S
m St Maris 51
10 Trinity 3'4
2 r S Smelting. .. MS
M U S Smelting pf. 45
159 fish Apel 2
41 Ctah Con 9 '4
5 rtali Metal . . . :
5 Wolvirinc . ... -1
A Albany. 12
15 lloston A Me I'f. . "it
Pittt-ADEUTtiA. April 1. Trading with
in narrow limits and no price changes of
impoitance. nummary :
Sales. Open, tllgh. Low. Last
51 Am Stores 89 so4 ID 50t4
ij niec storage. ssh
19 las Co of 14 A.... a't
210 Lake Sup Corp... 144a
44 Lehigh Nasrlga.... 44
31 I-high Valley (IV
215 I'enu R 11 44H
iu fnua Biestiric 23'
..100H 101', leo
sj' SI SJS
5 Fltrhhnnr uf
SI Man Ulectnc...
!',IMl(l Kiev of...
14 N Y N II m II ... 3
12 Iro- A Worcvs....lSl
Rutland pt 20uj
2V) Wet End 47
CS Weet EikI pf .. 62
15 Am Airr Ch pf . !)
1", Am Sugar .
4.1 Am Sugar nl
487 Am Tel A Tel
25 Am Woolen pf
69 booth Klh
1 Cub Port Cement. 13
15 Eat Sti'snihlp... 1ZM
a l&llson ll
59 Island 1)11 . . . 44
M Mass Has. .. 8OV4
5 N E T T M
1475 Swift A Co . . ISi
I Cnitrd llr let pf. (l'i
n rnlte. Vnilt . . .124
3i9 United Shoe M. 45
ITS fnlted S M pf . 2SI
Z Western Union. .. n
240S9 C A O rr Ss V)
19SS Swift 5s 91
, -Ml., I I, ri I h 111. flfc.HU
U V S Mb 1st Is... W1.74 10 K..M 9 71
73UC0 IT S Mb 21 4s . 96.74 97 96.74 S SO
uoston crmi cjxising.
.'APhila R T ctfa...,
75 Tono Belmont....
25 Tono Mining
IS Um Caa Imp
7 WestmorcJd Coal.
7 Vork Ry pf
PiTTSBt-HO, April 1. Market dull.
Prices stationary. Summary :
sJea. Open. High. Low. Last.
IS Ohio Fuel Supply 41 41", iy. 4114
KwlStia Coal 52 hi kj l
iw niia jeronie .... we soo
linn litis Mt Shasta. Jv so
Its) Pitta Oil A Gas.. f.W 64
1C2 It S Steel 5, SO,
E5 1VeatnK a U Ml 114
26 Westliig Elee 40H 40'4
Baltimore, April 1. Ical securities
ateady. United Hallways sold up slightly
on small seleo. Summary :
21 Atlantic Pet
120 Cons Coat . .,
525 Covjell & Co,
19 Davienn Chem
75 Farmer A M Bk. 41'.
31 Mt Vernon pf.. . 72"4
50 C S Fidelity ... 102
5fnlteil nt . a4
im Wayland ( A O.. 3
20 Wash. Uait ft A 27S
Oiien. nigh. Low. Last,
Ciiioaoo, April 1. Swift asaln was
the feature. Prices ware depressed early
on reiKirted (lovernmcnt action, but later
there was an advance to 139, with fair
reaction at close. Chicago Pneumatic
tool Ftronsr. Balance of list dull. Bonds
easier. Summary :
Sales. Open. Btgh. Low. Last.
lo Am Shipbuilding-. 97 7 :? n
17. Uooth Fish 2IH 73U 22H
ve,' in m?U iDUl, .. nl
7', CuJahy 1144
15 Deere pt MS
Hid. Ask Hid
Am O.l " 1. iron Bloi 3"
Hsy Stat i; 9s '" Iron Cap . l.S
He-ole .V li Rose . ''
Illa,-U IUk S. "i Majestic . 23
Ilohcmi.i i 1 Mi'X Metals . 45
Hos Elv 2 Mn Tnng ."7
Do A Mon 5 53 New Balll- . .90
Ilulte St la 19 a Nat Z L.. .29
lVna k Aru 1 - N ComelU.. 164
Calaveras 1 -' Ne- lkiug SO
Crown HVs t-j i", Nton Sev:.. 1
Con Arm . 2 2V, onmo 20
Cortex . . 19 15 Onondaga , . 20
I'bsnipi'Mi iH "7Ray Hero ... 4
Chief Cnn '.' te, IUII . . .C2
Kanle i II II -' s W Mlsml. 75
R.irl Ragle 3 4 ts W Miami. 1
Kortun.i I 6 V Write Ext ,15
Ool.l IJike 91 96 VI,, Min .... 79
Hoiuhtnu 7 1 Yukon Gold. 1
Iloma Oil i'9 61
l!i UlflMf IJghl .
35 Mont Ward pf.
19 Mid 1 til pf..
o Pub Mrv pf ...
15 lVnmle i;as
o Quaker inta pf.
IU' Sear Koenuck
li" 'tewart Warner
,V) lTn Paperboard.
CKNTR.U, OP G BOnr, I A RAILWAY CO.
Part paid. 'Kull paid.
PUBUC UTILITY EARNINGS.
imsON A MANHATTAN RAILWAY CO.
FehrosiT- 19H. 191?
f5roa revenue tS.1S.931 t49T.oo
Net rerenne 259. 2M X.47.1
Net Income 42,13c 50.270
From Jsnuary 1
Orss revenue 1,114.165 1,939.905
Net rereniie 543.497 571.435
Net Incme lOs.723 141.001
DAYTON POWEll A MIJHT CO.
Pehruary 1118. 1917
Grow earnings 4193,187 tl7.;i
Net Income. .. ... 17.171 29.14S
Surplus sftcr pref fltr . 2.151 14.335
Nstursl gas ilcpartnicpt
Cebnisry gn-a L94 216 Inc. 119 716
Net after taxes 512.127 Dt-c 172.210
Fehrusry groe. 63.291 Inc 21. 6's;
Net after tales 37,543 Inc. 5,73
Monday .. n-n.ftrt 1.6I6.9K)
Last weeL . !7.!.9n0 2,231,"9
Last year 1.642.009 S4.nu9
Tjist year. .
Hopo Is exprcsed anions copper inter
ests that the government will allow an
adiance In tho price of the metal after
Juno 1. There Is much nnxlety over the
possibility of a serious scarcity of cop.
I'r In the near future, and dualers re
main very cautious In tha matter of
takinR now business of any consequence
from private consumers,
Aprlt 1. Msrch in.
Bill. Asaed. Illrt. Asked.
7.59 7.25 7.40
T.12H 7 T.124
11.75 12 25 12.75
32.00 32.00 .. ..
.. .. 34.25
.. . 56 39 .. .
I.esil. i not 7.21
Spelt", 15 S4 L spet 7 Oil
Pig Iron, No. 1, XK.85.25
lrlg iron, .o. Ar,M
Pig Iron, plsln No. 213.75
Pl Iron, basic 3.1 09
rig Iron, Hess. lMtts.16 DO
I'll Iron, l.lllets l'ltt.4T.tO
Copper, Government price, 23 50c.
(Quotations nomlnal-eenta a pound.)
llry cut snd era. ...21 59fi22.00
Hsy and wire 21.009:1.50
Irt and hot turns 11 694J20 00
llvy msch comb si. 09612.00
Hrssa, heary 14 Oflif 14 50
Hrass, light ll.ootjii 25
No. 1 clean hraaa, tur.l2.6oui3 00
No. 1 corap tur 18 Aw 00
lsad, heary 4 tfttr 8.711 t.87U 7.12U
I -. .4 mai I r.j. - , ,. . ..
.rm ..a.,,,....,... tviv a O SUSS S.70
Zinc, scrap 5 SOW 5.75 t.909 7.09
..Tin- March March 27,
Straits 317 ISs
Sales-Spot 25 tons J futures nil.
Nit after taxes
1 217 Dec
r.lwtrlc light sn.l piis'r (kpartmrnt
Kehrnsry gross 9i1.lV. Inc 2l1.7l
Net after tales 213,967 I)i-C 21.5f"J
Mrret railway department
February gross V67.925 Dec. $5,7.7
Net after laies .. 40.159 De, 232.o7i
CHICAGO A INTERCPJIAN TIUCTION CO.
Cross esrnlngs $338,157 1331.602
Net sfter tales. . . 31.0U 24.-47
NORTHERN OHIO TRACTION A LIGHT CO.
February- 191s 1917 .
Cr.s $528 54: JI77.HH
Net after taxes 170,1.1 179 796
surplus after charges .,o.i 111,1m
Net after tales 49773
Net after taxra 830.644
NORrOLK A WESTERN.
Net after taxes 5l2,rjil
Not after taxea 704O
NEW YORK. ONTARIO A WESTERN
Net after taxes 20,6.17
Net after taxes 14,019
PACIFIC COAST RAILWAY.
Gross $53, 909
TOLEDO, ST. I.OCIS A WESTERN,
Thin! week tn March 1P1. 1917.
Gns.s $151,114 $137.64!
From January 1
Grov LSOSi 1.383,91$
HOl'KlNIi VAU.ET RAILWAY CO.
February 1911 1H17
Operating rerenne J732.I21 J.:ii,..61!
Net ri'Tenue .. l,Zi II0,6"
IVrt.-it after Inter. 119.941 tl.lii
NASHVILLE, CHATTANOOGA A -T. IIVIS.
April 1. March 39.
Ill, I, Aslml, llli.As.id
Am Light A Traction ..Joo or. 2"i 206
Am Ught A Traction pf 95 97 95 97
Adlmndark Klw l'oer 15 16 15 16
Adirondack Elii' Fr pf 69 72 69 73
Am I'.HS & Electric . . 17 I'O 57 99
Am (Ins A Eleclriu pf.. 49 41 49 41
Am I'onrr Light 41 46 42 46
Am Power A Light Pf . 71 71 75 89
Am I"ubllc Ctllltlcs . 10 25 SI 25
Am Fubllo Utilities pf.. (3 57 52 (7
Am W W A Electric .414 rt 4 VI
Am W W A E partlc pf 15 14 12 14
Am IV W A K 1st pf . . 51 69 64 69
Carolina Power A I.t.. . 19 .15 33
Carolina l'r A l.t pf... s9 91 k 91
CM lea SiTTleo 212 SKI 202 205
l ilies Scrrlco pf . . 71'j 76 7l'j 76
Colorado Power . , 25 SI 25 21
Colorado Power pf 91 90 95 191
Cumxllh Pr tty k l.t 22'j 24 23 24
Coniwlth Pr Itr A I.t pf 48 59 44 59
Elec Horn! A Share pf 93 M 91 W
Empire District Elec pf St SI 54 H
Federal I.t A Traction.. 5 1.) 5 19
Federal l.t A Trsc- pt... 25 41 23 49
Gas A Elec Se,-urllles...S59 275 259 275
(iss A Elec Secur pf . . 93 91 93 94
Northern Ohio Electric ... 14 ,, 28
Northern Ohio Klec pf.. .. 65 .. 65
North Ont l.t Twr.. . 11 15 11 11
North Out I.t Pwr pf 51 M 52 55
Northern Ststes Power .45 50 51
Northern fltales Pwr pf 84 t 85 7
(liark Power A Water.. ,15 45 .15 45
Pacific (las A Electric. 344 36 8I4 56
Pacific Oas ft Elec pf ., 791, 81 79', SI
Pine lllllIT pf f6 116 96 91
Republic Ry A l.leht .. 22'j 21 23 24
Republic Rs A Light pf 51 61 56 M
Southern I'sl Edison . SO 81 (9 11
Southern Csl Edison pf. 97 1 ik 102
Hlandard lius Elec. .1 A 4 6
Slsnilsrd Gss A Elec pf Jul 25 21 ;5
Teun llr. It A Pwr.. ., 2 .1 2 1
Trim B l.t A Par pf. 8 19 V 1)
I'hlll.l Light 111" 29'4 ."I 2HI, 31
United I.t X IDs 1st pt 61 6.1 1 f.l
Western Power ISM, 14 1:14 II
Western Power pf 41 53 41 53
Tadktn niter Power pf. 98 100 9J 110
Par Talue $59.
From Janusry 1
Net .. .
NEW YORK IMIt 1C
llxports I'rom ,ev York.
Corn, 1 3.1, SOI bu. ; barley, 4 9. J OS Im ,
peas. 'J.Siil hit. ; oatmeal, fi.49.1 pkijs ,
Krnrs seed, 11 hagu ; bacon, f! . 1 1 1 ..' U
Iba.. butter, 302,500 lbs.; lard, S.71S.609
lb.: cheese, 442, C00 lbs.; lubricating; oil,
142,950 gals. Last week: Wheat, 21.427
bu ; corn, 669. 00J bu. : rye, S6.3IS bu. ;
outs, 175.643 bu. ; barley, 225.0S2 bu. ;
peas, 17,100 bu. ; rye Hour, 1.00S bids, j
flour, 63,307 bbls. ; cornmeal. 492 bbls. :
oatliicil, 15,031 pokKS. , l cf, T.'.O bbl. j
crass sci-il, 11 baa, b.irun, 12,173.76:1
lbs. , Innl, M.I'JO.SOI lbs. ; cheese, 701.3OH
lbs. i hiilter. 1,003,400 Ibn. , lubricating
oil, 1,077.650 Kal.
TO THE HOLDERS Of
MUTUAL TKHM1NAI. COMPANY
First Mortgage 4 Honda.
SINKING Fl'Nll NuTU'K.
Notice hereby given, as proilii n
tho lmlenluro Oattd July 1st, I90, nmt
lb Indenture supplemental thereto dateil
January 1st, 1909, that sealed nrters win
b" relveii up to 10 o'clock A. M on April
4, 1918, by tho undersigned at Its o.TV ,
No 140 Hroadway, New York, for ilia
aula to It aa Truatsa, at tho lowet prl.
not axceeillng 105H"i and ai rrue.l Inieres".
nt which auch bonda shall t offered for
delliery on Monda), April 8, Uls, uf suf
ficient of ths uhuve bonds to eihnust the
sum of Flvn hundri.l and ihlny eight
thousand threa hundred nnd thlriv.sen
Doll.irs Thirty. sis Cents I I53i 33: .If,
Offers should ha geale i and endorsed "uf
fcrs of Mutual Terminal Company of
Ituffaln First Mortgage Honda to Mttktni;
Fund." and addressed to the Till' ST I)K
PAItTMKNT. Signed GUARANTY TRITST COMPANY
OF NBW YORK.
Ry CHARLES H. 8AII1N, President,
Dated, New York, March 31, 1911.
IS IT NOT
for you to do your bank
tag butinctt with a Trait
8uch a eamptny not only eta
look after yur muuy whll
you art all but. If you wish,
can act aa Executor, Adminis
trator, Ouardiao, Receiver or
Trustee. It la Legal Deposi
tory far fundi of tvery deacrip
tioa. Thla Corns any aaptcltlly at
ttndt to the managanunt of
Personal Property and Rati
Eatata and to thi collection
and remittance ei rents. Inter
est aid diridend.
(frit fir our btehttt
"iitntgtmtnl of i'cur Eitati."
OP NEW YORK
Ctftol aad Sttrpiw iiskm
R. R. EQUIPMENT
55,000 tons of No. 1-70 lb.
relaying rails (practically
nt'W) with the necessary
angle bars, 2 locomotives,
cars and other equipment.
We have purchased and offer
for immediate shipment sale
all the material of the Colo
rado. Kansas and Oklahoma
Ry. Company between Scott
City, Kan., and Winona,
Kan., about 52 miles.
write or wire
Hyman Michaels Co.
531 Peoples Gag Bid., Chicago
K.I.ECTIIJNH AMI MKETIMiS.
Tltlf CUKSAI'KAKK AND OHIO HAIL
NOTICE OF ANNUA I MEETING.
Notltn m htrrby clvtti that tim tinnual
mertlnrT uf ttie stoLktmldTS of THIS
CUHMAPCAKB AND OHIO HAIL WAY
COMPANY will bn hId. H5 rrovliicd In tbe
by law n, at thu office of thm Company In
the City ot lllelimiin J. Vlrslnta. on Tuea
day, tl. :.U1 d.y uf April, 1911, nt 11
o'clock ii. m.( () for thn election of
Dlrrctur, (-) to uutho'lzp ami consent, hy
vote or otberwite un may bo provided by
law, to th" acquJMtlrm by purchane or
othTYl-"f i f th" r'lrpornto nsf t. rights.
prtvllfRpi. franchUea, Aieinont, rtnhts ot
way and nil otht-r ijrnpirty of the follow
(n corporation In which nld Hallway
Company owns all, or subnt.intl.tlly all. tha
capital Rtock (a) of Kanawha ) If Hive A
Terminal Company: (b of The (jauley A
Meadow Hiir Itl!ro;n Company; (c) of
I-oftun A Southern Hallway Company; (d
of I'ond Fork Hall nay Company; () of
Plney Ulver ft Paint Creek Hal I road Com
pany; (f) of ttlkhnrn tieaver Valley
Hallway Company; and k of The Cheaa
peake and Ohio Northern Hallway Com
pany; 3 to authorize and consent to tho
form and termi of auch uciulaltlons and
of any agreement or aureements entered
Into In runnectloo thorewllh. (4) to ratify
and cnntlrm ik-Ii actinn theretofore taken
or authorise'! hy the Horn) of Directors or
by the Uvecuth Committee of the Com
pany a may be submitted to the meeting:
and W to tr.-iiiiact audi other business
us may lawfully en,n before the me tin?
The stuck tranter boofc.i will be clod
at th of .Ire of the Company, No. 71
Hroadway, New Yurk City, on .aturdiy.
the 23rd day of March. at 13 o'clock
noon, trnd will b reopened on Wednesday,
the 24th day of April. 1J13. at 10 o'clock
Dated. Hlchmond, Vlrslnla, February
By order of the Hoard of Director.
C.VHt. HRMIN'dT'lV rretarr.
1 KIUE KAIMCOAO COMPANY.
.no. KnoMi2u.s .Mi;i;riMi
New York. N Y , M rvh 1, 1?1S
NOTICK 18 HKHlilJY iilVKN (hat the
Annual Meftln of tho HltKiihuhlr- of tha
Krlo Hiiilroit! Company wU bn held at thi
principal I'lltrt- of th.j Company, No St)
Church Street, In tho HorouKh of Man
hattan, City of New York, on Tuesday,
April V lalS. at 12 00 uVhak noon, for
the election of four Iir;Cior tti hold office
for four -ar. mu for tin Tra'isai Hon of
any tind all hut meet th it may properly
i-onia b jfor-4 thn jt, u t lni;. IncludlriK con
nUierlnK 'nd Milini; upon the approval and
niiHlratn.il of all pun li.i-es con tract n,
.IttH, pfoieedj IlkM lie UtOlfl Htnl appoint
merits b the tHnird of LMrector ami th
t:ecutlH OomniHtee nlncM tho Annual
Meeting of the to44.holdr of tho Com
pany on April 10, I::, nnd of all matters:
referred to In the prin-eedlmrn of the Hoard
of 1)1 rector an. I tho KecutlV4j Commttteo,
which, until th- m'tlntc. will b open to
.am!naton by hi icKholdera of record
ilurtnm burdnetH hour, nt th New York
4Hhto of tho Cimiany. i0 chart-h tstruet,
Th tranfr book of both the foinmon
ani Preferred .iiwk' will be rlon-1 at thi
clo"o of busmen on fatmd.i. .March ,
1 r 1 i. and will bn reopened nt ten A. M. on
W-dm-f lay. April 10. 1?IS
Dy order pf the 11.t-1 if Director.
I) VID HiNMW je.Ttary
A Speelai MeetitiK f the .shareholders
of the S ntet C no Wtil b' hbl at Hooui
19S0, IT Hate "la e SVa ..r.t cit, on
Tuesl.(.v Ap'll ''.th :fli, a' 3 3'1 P M , to
- onebler nnd a up'-n proposed amend
menta to the . 1 1 1 t 1 1. -n
II s.Jii H.MMV, fJecrntary.
)IMI)t;.MH AND I.NrhHICST.
United States Smelting
Refining & Mining Co.
Th" Di'e tor- of ih'j I nitd .s.ite t-mol
Itir Itellri n A Mm'tiif -mipanv h.i tie
t-ured a H'iarterK i dun I of l in r cent,
i s7 i ti' per fh.t i on the Prefertml
apil.il Mim-U. o d. ii I -f :u per
tent - mi i" t ' "wen-v t vit per
alinre. on ihc ( otiuiHitt ( Hpitnl lork, pay
able up pr I " I'C.. t -') I, .I,leri4 of
record hi thy ' builnei pril 5, l'Ui,
F U H XT' HKI MKU Tri':iiirr
MIAMI COPPER COMPANY
(II Itroailnnj , V. V,
pi.l ! 1518
Thfl Tt'tr,l of tlrr tors nf Mi.ittit i,pptr
rumpativ h.i this d..y ,1,- la-1 1 a li i,l,ntt
of ll.Ui) T blur, fur th,- (fu.c'nr i-ar
euillnt? Mii'ih .Ht. lan .,n th" cnpUal
stock of tlio compunv. pHatlo May 15th,
111. to st ii khot rs ,f hi 'r.i a' lh clos
of business mi .M.iy 1st, iiuoks will
AM A l,KMMIIS' Tri-asursr
American Telephone & Telegraph Co.
A tllvllpri'l of TH ' lollars pr shars will
lul l on M in In. April 1 i. 11 1 8 to stock .
holilfri of r "r'l at t In i :os of business
on Krula M s i-.-Is t UH.
(in n,,'Mjni of ' ii, fituiu.il inentlni?, tha
Iransfi-r I .,Uh will l'i cl.is 1 froin atiir.
ilov. .Miir Ii 16 ti, to TuisiU'., .March S6tn,
lil, l,i, th d,iH in'-liislv
i. J JUI.Ni:. Tri-asutar
The International Nickel Co.
quartsrlv tlivl'l-inl of os. an-l on..
tn'fn ili"('i!ri'l tlni 't.i. pa ) ii 111., May 1.
lyl,. to tho prrf.-r r I si.n khohlHrs ol
rernM Ht Uiu clnsn of pumikms prll 14tll,
J.M4'.s l AMII.KV, Sc y an,! Treasurer.
N o'k ,i,' 1 i 'its
A Complete Directory of New
York City and out o! tows
Piivtte Schools appears every
day in th. Morning; Edition ot
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