BSiffEnOmi iir riimi i f X u M rv "1 m WJSJLfJT: ( rt z - .v .4 . vi a r yft'iHi ;f rtv w). imm m I'.' V4t V" ( I At.- .. -il t& R A W.lark$o BANKERS lEetabilabtd 137 321 Chestnut Street Philadelphia Canadian Pacific , Railway Co. 6 Notes Interest March and Sept. 2 Due March 2, 1924 Price at Market Yielding about 5.75 Descriptive, circular PLM13 on request TheNationalCity Company 1421 Chestnut St., Philadelphia New York Chicago San Frsticlsco Boiton i'lttstxirgli Olin Finney &Co AUTOMOBILE BANKERS Offer special facilities for In dividuals or automoblls deal era to finance the acquirement of pleasure cars and far business houses to finance ,the acquirement of commer cial cars or trucks. If you are thinking of purchasing a car of any kind for any purpose the FINNEY SYS TEM will make a better bus!, sees transaction for you. REAL . ESTATE TRUST BUILOINS PHILADELPHIA Sound Bonds Durtnc tho past ton years we have taken part In the mar keting of Public Utility Issues aggregating nearly 1100,000.000 There has never been the slightest delay In ,the payment of either principal or Interest on any Public Utility Bond sold on our recommendation. rip.' Booklet on rtaueit. L INCORPORATED Stock Exchange Bldg., Philada. Odd Lots Stocks Grain Unlisted Securities The same careful attention s!en tu small lots as to thoso of larger amounts. HUGHES & DIER ,. , Phila. Stock Exchange Members -j Chicago Board of Trade 1435 Walnut Street Philadelphia TAX FREE PENNA. MUNICIPALS Rokleie. Montgomery Co., School Ditlrkl, 41, 1947 Newtown, lucks Co., School District, 4's, 1924-44 Stewe Township, Altefheny Co., FMdbi.-.&s. .1)1 GEO. S. FOX ft SONS Established 1837 Commarclal Trust Building - Jtfmaben of Philadelphia Bloc Exchange r- and Mew l'ork Stock Exchange) u THE MUND4RNSTR0NG &. COMPANY I BONDS' 2!!i!i,T,M r u" .mJW .. SffMMm Ntt as "- T -e Pi 7 . if j ' 5. cKk ic FINANCIAL NEWS BEARS ARE IN CONTROL OF STOCKS; OFFER THEM DOWN, THEN BUY BACK Experience Little Trouble in Forcing Declines Railroads in Persistent Demand Coppers Irregular. Foreign Bonds Active High Points in Today's Financial News Dears were in control of stork market during day. Frequent advances and declines. Wheat stronger. Cotton lotvcr. Outsiac interest was absent on Curb, with generally lower prices, ltulinn rate for call money in Wall street Sx2 per cent. New York Central sold $10,000,000 one-year V per cent notes. liar silver higher. NI3W YORK, April 18. Kor a good part of tho day tlio trnlltig on tho floor of tho Stock nxchango lcscinblcd an Indian war dance performed by Hpeculntlvo bear braves. All the traders seemed to bo engaged In the 1uhIiicsh of offering stocks; nt decline1, buying them back at rallies and putting out fresh line? of shoita whenever bids from others wcio henrd, with Iho prices, after moving tip nnd down In most casen, coming back to closo to cstcrday'H final figures. They hntt control of many of tho Issues wlilch had recently been prominent In tho speculative field, and when they devoted their nttentlon to attacking any special Issuo they had little troublo In depressing Its pi Ice. f.cncinl Motor was steadily offered by tho bear traders, nnd thoe stacks were, put down to tho lowest levels touched since their high records were made a car ago. United States Steel common sunup over a moderate range, advancing first to 111! and then telling down to llO&s. General Motors was offered down to 1024, bdt bad u fair rally from its low level. The Marino Issues showed strength for a tlmo In the early trading, reacted In tho afternoon, but i allied nguln In tho Inst hour. Similar ndvanccs and recessions were noted all through tho rest of tho list, but with the railroad stocks In persistent demand. Union Pacific was tho most piomlnent of this group, making a substantial gain during tho day, which was well hclil at tho close. Tho copper stocks were Irregular, with Soma Issues advancing while others declined. Thcie was a firmer tone to the railroad bonds generally, with Pennsylvania 41as In better demand with hales at 964 and Of!1. Tho foielgn Issues continued active, Anglo-Trench fs selling nt 97"S. to 07. MOST OF CHANGES IN CURB PRICES TO LOWER LEVELS IN DAY'S TRADING NinV YORK, April 18. The absenco of outside Interest was pronounced In tho Curb market again today, with most of the changes to lower figures. Somo of tho mining stocks were sold nt substantial concessions, although the volume of business was small and It lequlred onlv moderate support to hMd prices steady. United Vcrdo was ono of the weakest features, falling 14 to 35, and fractional losses were sustained In many of tho lower-pilced Issues, Including nutto Copper nnd 'Arte, nig Ledge and Mllford Copper. Magma was firm, advancing from 1CH to 47. Attention was attracted to the motor gioup by tho continued weakness In Chevrolet, which diopped fiom 108 to 100. This stock sold as high as 278 last year. United Motois ranged from 32'4 to 31 V4- Premium Motor, a new comer on tho Cfirb, sold at 32V4. Aetnas reflected the financial embarrassment of the company, falling from 2' to the new low record of 2 nnd tho certificates declined from 2i to 1U." 10PM FfTHUST I sWs"WrW4H W vr j :' ' ,u IM1USTHIAI.S ni.i Am Iteductloii 67 Am Stores . . ... .in Am Sumaf ra 5.1 Aetna Explosives . S',4 Am-Rrltlsh Mfg Am Marconi . SV4 American Writing I'.ipo 31 Canadian Car Co tit Can Car & Fdy pref . . 70 Charcoal Iron 7 Chevrolet Motors ....... ton Cramp . . . . 11 Curtlss Aeroplane in Carvvcn Tool II Carbon Stoel H3 Emerson Phonograph ... H1! Federal Dye 40 Haskell &. Barker Car.. 38 Ilondeo Mfg . 31 Knthodlon llronzo prcf . . 2 Lako Torpedo Boat f LohlKli Coal Sales ... 8 Lima I.oco nil Maxim Munitions -i Marlln Arms 8 X Y Shipbuilding .... 39 Nor Amor Pap Pulp.... S 'i Otis Elevator (1 Peerless Motor 14 Poole Eng 80 Pierce Arrow 41 Redden Truck 18'i Santa Cecilia 20 ,S.inta Cecilia prcf US Scrlpps-Booth 80 S S Kresge vv I 11 Standard Motors 13V4 .Steel Alloys 7 Submarine Si St Joseph Lead 17 Todd Shipbuilding 81 Tri.inglo Film 1V4 United Profit Sharing... U S Steamship 4i United Motors 37V United Sugar 30Vj World's Film Vi Wright Mnrtln Air 0V4 Zinc Concent S(4 STANDARD OIL Illinois an Ohio 317 Prairie Pipe 301 S O California 378 S d Now Jersey (148 S O New York 203 Yes" rlose Ankcil (hh1c) 71 37 24 2-Vi 12 2)1 I 32 7 7?i 101 00 20 ll'i 80 30 3 1 2 'Si 0 00 1)0 2V4 88 42 02 17 !)() 43 10 20 r8 40 12 137, 7 22V4 17i . 1 ft 37 H MTi 7 2 V, 230 3fM 308 285 031 208 01) 30 110 U 38 32 8H 2tt 1114 134 in l'A 4T 3214 -I04 7 INDEPENDENT OIL STOCKS Earnett Oil & Gas 2Ni 2V4 Cosdcn Oil 13 lSX, Cosden & Co 13 14 Elk Basin UVi Ills Federal Oil B a Inter Petrol 14 llli, Houston Oil 2014 22U, 202 2")i 129. 13 1114 i 14 2114 iNllEI'KMniNT Oil, STOCKS Continued Yes" rlo DM Ankcil 21 .137 . lli 10 . 10 . fVt . A . 1014 11'. in MINIMI STOCKS Alaska Standard 30 Atlanta 12 Big Lctlgo 3 Butto Cop &. Zinc OH, Butte New York 1 14 Cashboy ..... 7 14 Merritt Oil .. Midwest Refining Met Petrol . Ohio 1'ucl Ok'.ihom i Refining Osage Hominy . Rico Sipulpa Refining.. Scciuojali West End f) S. C... 2TM 140 l' 20 10)4 II A 10), l'S. 20 (Brtlfl) :.vi io n o'A Mi ioy, ill l"i 1A n no no 10 1 Con AiU Emma Consol . . . First Nntloml . . . floldfleld Merger.. Cloldfleld Cons . . . floldfleld Florenoo Ooldfleld Kewanas Green Monster . . Hccl.i Mining 714 Howo Sound 0 Independence Lead .... 11 Jerome Verde .., 1 .Hip Butler .. 70 Jumbo Extension 40 Mngnet Copper 70 McKlnley Darragh 40 Magma Copper 40 Mother Lode 33 Mines Co of America... 1?4 Nevada Hills 20 Nevada Wonder 194 Nlplsslng Mines Co 7 Ray Hercules 3?4 San Toy 14 Tonopih Extension. . v. 3V4 United Vc-de 31514' West End -'ons Ti White Oaks 3 White Caps Ht, Verlligton 37 BONDS Amer Smelters Bs 00 Atlanta Charlotte Bs .... 08 08 Bethlehem Bs 08 08V, Chile Coppois 10014 100 Cosden Oil Cs 100 too'A Cosden & Co Gs 103 101 Cudahy Bs 08 08 Erie Bs 07T4 8i, French Municipal 6s ..06 0014 Russian Government Sie 85 so Russian Government G4s 0.1 01 Southern Rallwny Bs.... 0814 99-(i Sinclair OH Gs no 11014 Todd Shipbuilding GS....101 101 N Y State 4s 10514 100 Xcw Haven Bs 105 Vi ,. 42 II 3V4 11 o 8 1 214 8 63 28 18 114 7 V, 0 12 1 75 42 78 no 40 34 214 25 24 7T, ft in 314 3614 80 114 38 12 1214 314 014 714 1 1 1 70 42 78 31 3 37 75 08n 08 100 101 14 ooy, 8114 0114 MONEY-LENDING RATES Bff YOKK Call money opened lend ing nnd renewing at 2 'J per cent; high, 2'4 per cent: low, 2 per cent; close, 22i per cent; ruling rate, 214 per cent. Tho market for time money on collateral ts unchanged and tbo tone continues easy. Demnnd ruled moderate. Good mixed Stock Exchange, loans are quoted at SVJl per cent for GO dajs, 3S44 per cert for 90 days, 4 per cent trading for four months and 44U per cent tor five aiid six months. Tho usual variation applies 011 Industrial loans. Prime bank acceptances are unaltered at 434 per cent for Inellgibles and 3fV 274 pet, cent for ellglbles. Prime mercantile paper ts quiet at 4H per cent, minimum. rmXADELPIIIA Call, 3U per cent. Tlme,-4143& per cent. Commercial paper, three to six months, 4 14 GJ1 4 54 per cent. BANK CLEARINGS Bank elearlncs today compared with corre sponding day last two years: 1017. 1016. 1015. Phila 70,842.081 144,802.181 127.I1IU, 2D New Tork... 724, 186,253 472.4A7.l04 418 884,070 t'hlcaxo .... 113,045.655 R4.2T6.680 r2,28.4Jl at. Louis.,.. :.658,07 17.211,468 14.500.7U2 Sugar Futures Irregular NEW YORK, April 18. Sugar futures opened lrresular, gales being 2 points lower to sin advance of 3 points, with transactions on the call amounting: to 1200 tons. Sen timent was nervous and unsettled and It wts difficult to f auce the trend of the market, operators being disposed to await developments In raw and refined sugar. v jVnotfcer Extra for Carwca Stetl NEW YORK, .April lThe Carvven Steel TueJ Company has deelared dlvl- 4m of t per cent utd'an extra dividend oaT U.of l.Btf-tt.'B4Urabla May 10 to lwMrm Maorel.ltairt TtuM we, the mw MotHM awamusvo FOREIGN EXCHANGE NEW YORK. April 18. Tho foreign ex change market was quiet today and showed little or no fcaturo beyond a steady tone. Tho single exception quotably was guilders, which reacted to Monday's low level, 41 '4 for cables and 4l for checks. Other classes called for but slight reference. Quotations follow; Demand sterling 4.75?;, cahlcs 4.76; sixty-day bills nominally 4172 14, ninety-day bills 4.70. Franc cables B.70H, checks B.71H. Lire cables 7,08 11, checks 7.09. Swiss cables B.07'4, checks 5.08. Guilder cables 414, checks 41. Ruble cables 28.78, checks 27.70. , Pesetas cables 21.60, checks 21.40. Stockholm cables 30 BO. checks 30.10. Chrlstlanla cables 29.80, checks 29.60. Copenhagen cables 28.70, checks 28,60. New York Central Sells Notes NEW YORK, April 18, The New York Central Railroad Company has sold 110, 000,000 of one-year notes which are now being offered privately for subscription by a group of Wall Street banking houses. For some time past It has been generally under stood that tho Central would be In the market for fresh funds because of the fall ure of Its $25,000,000 stock offering to present stockholders at par a short time ag6. The notes are to bear 4U per cent, and are being offered to net 4.75 per cent. Reserve Bank Pays Dividend ST. LOUIS, April 18. A dividend at the rate of 6 per cent for the peilod of Aprir 1, 1915, to June 30, 1915, has been declared by the St. Louis Federal Reserve Bank. This Is the second dividend declared, by the bank, the first covering the -period from the open ing of the bank in November, 1915) to March 31, 1916. 4 I gltMa-SltJfeMtCe. Defers Dividend NEW YORK, April 1. Sloss-SheRleld Sternd Iron Company has deferred the dividend on Its' common stoek Nsn'a recom. SMMatWn.ifrem'Frsrtdent Catohlng' that IBS) BBBfJBUBBBB MK SB1 IHSSSIlSJVVSgSP S New York Stock Sales Net Hleli. Low. Close. ihe. Alaska Juneau . .. 6V4 614 914 Am Bank-Note pfd 4014 4914 4014 Am Beet Sugar.., 04 W Ofii n4 Am Can 4514 44 4V4 V do pfd 10T54 101M. 105M. llfc Am Car & Fdy Co. 66V4 Oi ""W Am Cotton OH .. 40V4 30 3914 Am Hide & Loath.. 14 11 14 do pref 62 02 62 Am Ice Sco 2i)4 2514 2314 114 Am Linseed 20')4 20 2014 do prcf .,58 B514 n4 Am Locomotlvo .. 6714 " .""Wi """ Am Malt 1414 13 1314 do pref 64 m 62"!', 14 Am Smelting 09 08 09 14 Am Kin prcf H... , 01 01 01 Am Sugar lis 112 112 1V4 Am Tel & Tel.... 12314 123M. 123"4 Am Tobacco ....101 104 101 T Am Wool .,...,. 40 4814 40 do pref 07V4 07V. 91 Am Wilt Pap prof 1114 I4'4 1414 1 Am Zinc & Lead.. 3,1 33 31 14 Anaconda 7014 78)4 7014 N Assq Dry O 1st pf 52 5IT4 "14 114 Asso Oil 67 67 67 14 Atchison 10! 102 102 do prcf 08 98 08 14 Atl Hlnn & Atl.. 1714 I61), " V6 Atl Gulf & W 1.10314 101 Vt 10114 ', Baldw Loco Co. 5314 53 Bait & Ohio 7614 7614 do prcf 71 71 Bairett Co 109 10914 Batopllns Mining. 114 114 Beth Steel 13214 132 do B . . Brook Rap Tr Burns Bros . . 12.1 Butto &. Sup Cop. 41'. Cal Petrol . . . . 20 do prcf ftl Canada Pacific. .1M1' Central Leather Cerro dp J'asco. dies & Ohio . . . Chic Gt West... Chic M St P.. do ptef . Clilu Northwest.114 (' II it P 2d pfd. 47V4 Chill Copper . . 2214 Chlno Con Copper 53 53 Col Fuel Iron. 4714 47 Col Gas & Elcc .. 45 41 I'on G E L .1 P. 118 118 Consol Gas 5314 7614 .... 71 10914 l 114 131 2 125 12214 121 114 0111 6114 61 "4 121 121 -riy 41 II . . 2014 2011 T ftl 51 14 16l'4 16H4 1V 811), 81 35 .11 .... 5014 59 '4 11 14 80 118 118 118 14 I144 ll'i 4714 47 85 35 6014 11 80 11 70 nlli 17 44 118 14 112 n;1, 1121, 101 , 46 ftl-)', Cont Can 0314 9214 Corn Products ... 23 S.1'4 do pref 98'), lisy, Cruclblo .Steel .. 82 Vi 1 Cuba Am Sugar . .200 200 Cuba Cano Sugar. 47 46', do picf . ... 01 V4 90)', Del & Hudson ..122 12114 Donlo Mines 11 14 Detroit Edison .. 128 128 Distillers Sccur .. 110", 12', Drlggs-Scnbury . 71 77 Electric Stor Bat. fi2i)i 61)4 Eile 28 2 do 1st prcf . 10 '4 9',i Gaston Williams 31 .1014 Gen Electrical Co 101 161 Gcnetal Motors Goodtlch B F . . 30 toy, Gt Ntn O10 subs 3114 304 Greeno Can Cpr. II 41 Gulf Stato Steel ,12014 125 111 Central ... Int Agrlo pref Inspiration Cpr Interhgh-Cons Cor 12 do pref 6114 Int llnrv of N J do prcf Int Mer Mar . . do prcf Intel nl Paper .. Int Nickel . .. Jewel Tea .. . Kelly Sprlnglleld Kcnnecott Copper Lack Steel .. L 11 S. W pref . Lehigh Valley .. Leo Rubber & Tire 20 J4 Liggett &M Tpf.,120 Mackny Cos . 8114 do prcf 01 Max Motor 47 do 2d pref.... 31 Mcx Petrol 88 Miami Con Cop . 41 Mldvale Steel . .. Mo Kan &. Tex... Mo I'.ic do ctfs do I do pfd w 1 Nat Cloak &. Suit. 14 i r, 0 92?4 2 I 'N 08), 61 200 I6V4 9114 122 It 128 13 70 .. .. 62 I'), 27 H 10J4 3014 1 104 10114 101 102V4 J 14 49 30", r 41 14 12514 14 101 . . . AC, r.114 12 61 14 14 8014 3814 11 58 .it y, 4.1 '4 83',4 37 0114 79 .. 3814 14 11 .. . ft8 ftl 1 4114 8.1 ),' sn 4 65 1 NatEnam&Stgpf 96 04 41 ftl', 12 6114 , ltt',4 11314 113 1 .114 114 114 I . 2714 20V4 26 78 38 41'. fi7 14 ftl 421), 8214 30 63 10 120 84 V) 01 45 20")4 85 41 S7 7 10 10 29 SO 80 on 22 04 43 128 67 .18 7 11', 1114 29 S04 80 20 120 8114 61 40 2074 8014 41 2214 . 91', . 13)4 128 . 68 1 1 Vt 57 H 7 11'. 214 10 1 20 '4 fto'A 80 96 22 9114 43 128 68 103 103 101 0 .110 8 133 ft 04 21 53 70 22 07 43 74 121 157 2 2 07 29 BS 42 78 61 10 34 65 32 2ft 50 03 27 83 42 16 16 210 30 S3 00 140 8 04 21 53 70 22 6)4 18 1 43 .... 74 121 2 157 2 97 20 05 42 79 Vt ' 14 1 61 Vi 10 3414 5 32 2ft ftl 04 Vt Vt 14 2 14 28 84)4 314 42 .. .. 10 16 Vt 210 2 30 1 83 1 00 2 Nevada Con Co). New York Cent N Y N H & II . , Norf S. West . . North American North l'aclllc . Ontario Silver Ohio Gas do rights Owens Bot 04 Pacific Mall 21)4 Penna R R 53 Peo (Jas &. C 80 Pitts & West.... 2.1 do pref 50 Pitts Coal ctfs . . 44 Pressed Steel Car 74 Pub Scr Cor N J. 12 1 Pullman Pal Car. 187 Quicksilver 2 do pr 2V4 Ry Steel Spring pr 07 Ray Con Copper. 20 Reading 96 m do 2d pr 42 Rep Iron & Steel. 79 Roal Dutch .... 62 St L S F w 1.... 19 do pr 34 Sinclair Oil fl6 Sea Air Lino pr... 32 Shattuck Ariz .. 25 Sloss-Sheff S & I. .12 Southern Pacific.. 04 Southern R II. . 28 Studebaker 88 Stutz Motors .... 42 Term Cop & Ch.. 16 Texas & Pacific. 16 Texas Co 214 Thlrd.Ave R R... 37 Tobacco Products. 54 Un Bag & Pap now 90 Union Pacific ,...137 136 137 t-1 Un Alloy Steel.... 42 42")4 42 United Fruit ...137 137 137 4 )4 United Ry Invest 8 8 8 U S C I P & P.. 10 10 19 1 U S 111 Alcohol ,.,110 107 107 214 U s liuooer ob 57 do 1st pref .. ..108 108 U S Smelt & Ref.'. 86 56 U S Steel 112 110 111 do pref 117 117 117 Utah Copper ....110 108 110 Utah Seo Corp .. 20 20 20 va-uar c;nem .... 41 Wabash 11 do pref A 40 do pref B 28 West Maryland .. 31 do 2d pref 38' 38 -38 West Union Tel .. 05 .05 95 Westing-house Mfg 40 41 48 Woolworth pref .124 124 124 Worth Pump & M 24 24 21 y, Wheel & L E .... 16 16 16 do pref 37 36 37 Willys Overland . 80 29 80 do prcf .. 06 06 08 Wilson Co 76 76 76 ...,,. Tolal aalea, 470.800 shares, compared with 007.100 shares yesterday) thus far this week, 1,731,000 shares! same period last week, 2,068, 300 shares. Ex dividend American Malt 1st preferred 1; Willys-Overland, N. : ' . NEW YORK COFFEE MARKET NF.W YORK, April 18. The market .for coffee futures opened unchanged to a de cline of 1 point. 'Trading on the call war quiet, salts amounting to 3500 bags. Today's Today's Test, Openlnr. Close. rlose May ..'8.15 8.00 4 8, 11 8S3fS2ft June J.J. H2fls8 81 July ....... 8 8508.40 8 25 8, 116 8 5f8 87 ! t. 87 108 1 56 41 41 11 11 f 48 48 25 28 21 21 Sales in Philadelphia 20 too 00 to 20 It ,30 3.11 04 43 10 196 49 227 210 20 10 10 4.12 10 101 177 4039 23 26 12 19 70 Hlh. II &Stcpf (12 Chill Cop.. 22 Cam Iron. 45 Crucible St 62 Elcc Stor.. 03 Ins C N A. Key Tel... Lk Sup C. Leh Nav.. Leh Valley 61 Mlnehlll .. 88 Penna R R 83 Pa Salt M. 9.1 Phila Elcc 32 PUT tr cfs 29 Phila Trac 79 Ray Cons. ,29 Reading. . 96 Ton Bel.. 4 Union Trac 42 Un G lm. 81 U Cos N J 225 U S Steel, 111 W Cramp. 8714 York Ry pf 38 1.0 ur. 82 22 43 62 63 26 12 19 78 61 88 53 91 32 29 79 29 90 4 42 83 224 110 87 38 Close. 82 2214 48 02 03 26 12 10 78 63 58 53 04 32 20 79 20 96 4 42 81 221 111 87 38 Net chse. I H4 '' "I "Vt Vt "' 14 A Vt 14 H4 Tolal ftharrN MiarrM 810000 moo :inoo 1000 IOIiOO 6000 23100 1000 5000 1000 snle. 0271 share, romnnred with ."WJ rterdni thu far this week, 27.100 MiniK iierlod Inst eek, 30,141 hnre, llO.NDS . Net Hiah. Low Clo. .Iie". City Is 'IG.101 101 101 H do 3 14 s '31 il . ... 00 06 96 Elec & Peo Tr 4s . 82 82 82 Eqult III Gas 5s.. 101 105 105 Penna Co gen 4 '4s w I . .07 90 90 Vt PIVtUt , C Is .. . J)!l 99 99 Phila Elcc now 6s 101 101 101 Rending gn 4s 91 01 01 Stand G a. E Gs ...101 101 101 Un Rwy Inv Bs 69 60 69 Totnl sale. SOI, 100, ronipnrril with DO. 100 jeKteriluvi tlius far IIiIm week, MIO.IOOi fiiinr period lil -1 wrik, 8110.600, Local Bid and Asked Itfililuln .run Hull J II Huff & Ku-.ii t e . . do pfd t .... HI Uric StnrRRn , , Uoncral Arphall do pfd Kf Mfin T. I . l.aKo Hup Corp . . l.thlxh Ntw . . Lihluh V11I . I.chlgli Vnl 1r do pfd Pi una It U I'hlln I. I.c I'liUu c'11 do ft per cut pfd do a ppr tent pfd P It T t c Ito tdinv Tonopnli llelmotit 'lonnpah Mining I'nlnn Traction I O I lT H Hteel ork ll-ij do pfd VVm t ramp t c Hid f.1 J", r,H n 2 i.j', 21 hi l-'!a dn Asked ftl'i I'll mi r,i in1, si 111 1 1 L'ii 7N "II 111 liV? ai's 211 Wl 4". ftl ftl", .11 t .12 .11 .III l- .17 .IS ,IN. 2y, 29'i I". 4. US 1114 4J'a n M'i s-,4 111 111', ll'4 lft IT1), .IS'4 S7 Ml lest Hid M 21 lil) ftl 1,2 21 II.' U'. lil -'! t'i r, i ,u 11 11 .IN 2')5. Ill 4 IJ. sr. 37). J.7 erda .VRRCil ft3'$ 2' I-' ftl 111 21 III 1.1 1'J. 70s 1.11 211 41 ft l' :i2' 111 17 3M, M l)V, l II', II 8-. licit 1-.;. 1N'4 New York Bond Sales IJOOO 21700(1 Jll'idll lllillllll llllllll 110011 11001) 711(10 IIIIIO MIDI! 1001) ftoou 1 (100 IIIIIO 14000 IIIIIO 1 .",(100 .IIIIIO 1210011 1000 lKnono nono Hum 'JDUII 40011 100(1 1(1011 IIIIIO ,1000 4000 liltllllll ,-,(1000 3000 1000 I 001) 10000 4.'S00() 1000 3000 noon .00(1 1.000 1000 noon 2i,no() KKioo K101 10 .11100 4000 :iooo 11 000 j 000 1000 ftooo I.10110 10(10 jnon 44001) 101)1) Minn 4O10O mono Jlllllll 61)00 04000 (1000 10000 1000 01000 4000 looon 1)000 111000 2000 2 1000 21000 10000 1 1)00 7000 170110 71,1100 IM'iOIH) 7001) 11100 21000 J.'OOl) .111000 110OOO 4h()0() D! 001) 2000 ft,'00( 42000 I'llllO 7000 10000 High Alimi Express Is 77 AnUo-rrencli fts HI, Ainr I'ur s t (is II7". Amr Tel fti , nil", do ilt 4s , Mi Armour Co 4'tfl HI AUhlion Ken Is.. HO" Halt S, Ohio .IViH . H0? do fti . 117' do Is . . Mln do ( 4'ns . . , III', Ilrooklyn It T ft .... lis" Huff . Hui lr O 0s 1)1 Can llovt fts 10.1) .... Ii7 do fts 1011 lm1, Cent Oa .Mid .Is . .Ill Cent Leather 1st Bs . ton l'hlll Copper 7s ... l.'il'j Cl s . Ohio tonv fts . no', Chi Clt West 4s ... . Illl C 11 & CI rec 4s . 11(1 Chi 11 & Q III 4s .. . H1. Chl Jl X. Ht l 4s . . 87 do rfd 4'js . ... 11 1 do torn fts . ... 101 do cp fts ldl1? Io ik 4'is ni'j do cen 4's ., lis Chl II I & P rfd 4s . s' do cv fts ui'j Col Midland it 4s L". City of Paris fl ,,, 0-,'a Cumberland 'lei 5s. ...loo Chl Hjh Co ... . ni'l Del . Hud com fts . 100', Detroit Kdlson 1st fts ljst. Trench HldIi ftUs.. llioTfa v.riinny cons ill , , , Houston Helt fts 111 Steel !', . Indiana Hteel fts lntcrli Met 4'4s Int Mer Mar 1 s Internl Paper fts , Jap new u MS 4Vh do new I'ss Klnes Co 12 I, & p i,s do 07s Lncki Steel Is PI50, l.eh Vnl of Y 4s LIS . M T fts . Louis 4 .NaMl 4s,. , lanhnttan 4s Mo Kan & T 1st 4s.. Midwilo Steel fts ,, . Mo Pnc w 1 4s Newark lias fts Isat 'lube fts , , , N Y C I. S 3's, N Y C & H ft'ns . do lis do Is , . N Y Itwv fts ... , Norf & West 4s . , . Nor l'ac 4s do .Is Paciflo Tel fti Pacltlo Gas fts Penna ten w I 4 Vis Public tierv N J 5 Heading Ren 4s .. Kep 1 & h fts Low CMoso 101 no's Ill's lot's ill 111 1011'!, 711 81'. 117 lift', 100'i ss 10(1 m; nil 7J'4 in lU't 101. 100 71 Ml 107 Si'4 32M, 'II no in?; in 112 117 no 01 'i 101 ' ,11 1 1)7 111111 SSJt ." 110. IO 117 87 III', liiS III 1)7". Il'l III wr Ud'i no's en lld't in'. 87 111 101 ini'4 1114 IIS 82, 1)1'. 100 OT. nil) 1110'J 101 (III1, UPS 101 'I 111 III 111014 71) si' , , 1 III1 117". no. 80 11.1 lid, IMI" H7'i 87 )j 111' lisH HI 117s. ' ill 100 lJil'n no', nn linv, in', 87 III 1111 mils Ill's !'S 8J Ill's 111 Kill III', 100', l.'S's lon'j 101 Oil's lll'd 101 '4 1.1 HI loo4 70 111', ii lUls lLlh 100', Hint, TURNOVER IN STOCKS COTINlJBS lGH PRICE CHANGES NARROW AND IRREGULA'l Traders Show a Disposition to Remain Out of IIafJ Waiting for Government .Bona oupsenpuon. Steel Common Most Active In the absenco of any news bearing on the general market situation or with re spect to nny stock trnded In on tho Phila delphia Stock Exchange, business was quiet on 'Chango nil through tho day. In fact, tho turnovor In stocks was smaller than that of yesterday, and, as was the caso jesterdav, most of the trading took placo In United States Steel common. While tho attendance In commission houses was about as largo as It has been recently, there was moro of a disposition to hold oft from making nny new commit ments. Tho actual announcement of sub (.crlptlnn to tho Government bond lssuo Is awaited In tho Street, nnd when details on this aro learned It Is expected that Ira.' Inir will brlehten Un ft lltlln nl i... WV Narrow prlco changes accompanied iki light trading, and whllo there was Irr.i,. Inrllv Clirnmrh h Hot na.l - i ' "H" incuts wcro to lower levels. In Phllad.i ' nbln Tlnnld Trnnslt Inisf iapllnAK, ..."'i more than 225 shares changed hands i-iiiji hla inne nigra In tho M-l ". ""( hleh n small frnctlnnnt rteell- .5Ur.,B'( Cramp Shipbuilding had tho widest mow Jl ilium., i.,-,,.ib .IC....J. . i.uiuu), .ma loss bela l.rmictit nhnlll nn fhn aala nf OR ..... '" 1 shares of Buffalo and Susquehanna pri ferred camo out at 62, a decline of 1 noiniSl A little moro than 225 shares of Lake 8a. JJIJIIUI "tlU DUIU a,!. 11, Olliail KUlIlt FOOD CROPS TO GROW ON COTTON GROUND Traders Hear That Government Places Big Duck Orders. Prices Down a Little rniTON IIKI.T HKATIII'R ( OMIITIONS M.W 10KK. April 18, In the rotten 1elt this mornlnir It wns generallj cloud. In Hip southwestern nnd central parts but clear o.er the Mintliriioterii section. Hie following leinpcratiires were recordedl Ashe.llle, Mi It ilekh, 00) VV llmlngton. (Ikhilininit Cllj, .Mobile. Vluion. Imltunoogi. nnd .Niish.llle, Oil MckOiurg, Knoxvlllr. Ihntnas.llle nnd s'n.iinnnli. C14I .Aiiguslu. Illiintn, -.hre.eiiort. lort Smith. JJIJle Itock. I'ensncoh. nnd .llontgomeri. 60 1 I liarleilon, Tninpn, .Inckwnullle. Vlemphls, lllrmlngfmm nnd ew Orleans, 68iian An tiiulii nnd (inletoii, 70 Pel Itlo, 72. rhcro v.ns .38 Inch of precipitation nt IIMiihomt Lit nnd .78 nt Meridian. N1W YORK, April 18. At the opening today tho cotton market was steady, but prices were 4 to 15 points net lower, re fecting the weakness at Liverpool and tho cleir weather over tho eastern belt. At tho end of tho first fifteen minutes It be came quiet and about steady, -vv 1th pHcc3 around tho opening levels. Early news was moro than ordinarily conflicting. From tho South camo teports that largo tracts of land In previous jears devoted entirely to 'cotton culturo would this season bo utilized for growing food crops. Ono concern In Mississippi will alone switch 2200 acres from cotton to grain and other food crops From this and other States a seilous labor shortage was reported. In the cotton goods market heavy Gov ernment orders for duck and other materi als are being received Of cpeclnl Interest to cotton shippers was the statement made bv the Collector of the Port of New Yoik that the German nnd Austrian vessels re cently seized hero by the Government were rapidly being put In shapo to carry cargoes of all sorts to tho Allies. Tho market was steadier during tho noon hour, with prices up a few points from the lowest on covering General business re mained very quiet and tho wokly report of the Weather Bureau was considered a stand-off. Prices fluctuated within a narrow range In the afternoon Near months were under pressure of Wall Street liquidation at times, while scattered southern selling supplied tho new crop demand and also suggested that Improved weather conditions were resulting in more satisfactory ciop progress Yest close Open Hlgn Low Closo i'O :;o jo 1 j l'),M 11171 18 IIS 18 .11 IS tl 18 71 18 VI ISI.O 18 72 18ID 18 71 18 81 18 7'l 18 110 18 71) IS III) May . . . .Iu S . .. October Pet ember lanunry March . Spot 2(1 PI 20 OS 10 8 1 III IIS 20 1ft 111.78 18 lil) 18 114 18.11 IS 111 18 110 18.74 20 10 LO 40 Liverpool Cotton LIVERPOOL. Apiil 18 There Was a moderate demand for spot cotton today at G points higher on the basis of 12 78d for mid-upland. The sales aggregated 7000 bales, Including E00O bales American The Imports were 4000 bales, nil American The market for futures closed weak at a net decline of 2735 points Itwy St Spngs ft, 1011 tin Mt LIMA Ro 4s St I. k H I Her A 4s M 1' M & M 1st 4s. .South Hell ft bout!) Pac 4s do cv 4s do cv fts South Ilwj 4s . .. do fts U S Itubber st fts . do Us Union Pac 4s , U K of U II l I fts do ft '4s ling , do ft '4s luin new do ft4s 11)10 ... do ft's Hijl Va Car Chin Cs , , n 17,.,. . r.. ... . . . (. ., ......, , mi, VBb I'T .st Ct f pd 4s 40', rl ..IU ?s 7( West Union 4!,s, ... )i Wlncon Cent gen 4s . 80 7; . i.i . 4 ' . 118 , .. 82 .. 811, Kill . its', . lis i . 81) ..lnl .. 1)1 'J 97 . .100', 101 .. U7 11(1 . 10014 mi". kri Kin iip. 8(1 72'4 in'4 OT, KIP. Ill) 71 8(1 ion's 81) .12 111 8')', 14 Il'l 112 III!', Ill) 1)1 'i IISV4 111) 7714 in 4 114' 118 82 8IV4 Kill 1.8 118 88 101 s 111', H7. 100 A, 100i 07 Hills 10014 (1(1 H 404 70 III 80 88 100 111' 811 7J's II. nt! KM. on 74 811 107 Mil, .12 1)1 811'. Ill III) 02 1)7 1)1) 1)1 '4 lilt'. Ii') 77'4 1114 1)4 'i 118 , 82 8 I 4 100 IIS '4 1)8 80 1011 1)1 'i D7 lOOAj 101 1)7 ll 10014 0(1 40 , 70 01 80 Total sales. 8.1.821,000, compared with 81.724 . 000 j-eslerdayi thus far 'this eek, MMMWO, same period last week, 82O,3fl3,O00 SUPPLEE MILK COMPANY (A Pennsylvania Corporation) Secured by over $1,000,000 of net tangible assets. Earninp the interest charge over 6 times. Circular on Request NAULTY & COMPANY Investment Bankers Finance Bldg., Philadelphia 'Bpruco 1871 Steel Allova BarnettOil&G-uCo. ' jNMC,'-.' Sol ?uofcd E. H, CLARKE Morton R. Alexander (Uealdent Partner) . . . l'hone 1140 Sprue Newark. N, ,f. Bcranton, Pa. ' p D1KBCTOKY or ACCOPMT8 ' bunt a.odl1 " ' '" Northern Pacific Orders Rails NEW YORK, April 18 Tho Northern Paclllc has placed a contract for 40,000 tons of standard section rails vlth Chicago mills for shipment over tho last quarter of 1918. Other laige contracts for domestic roads now undei negotiation aro for later de livery, but somo Important contracts have been placed for export for the last half of 1918, Including two lots of 20,000 tons cacn tor i-iance and 15,000 tons fer the Italian Government. Enormous tennaees aro under negotiation for Russia, but thus far no additional contracts have been placed. Granulated Sugar Firm NEW YORK-. Anrll 11! Tl, ,...i. , - -- . --. - ..v iiinei Mil liard sugars continues firm. B. H. Howell Son . Co today withdrew from tho maiket' Arbueklo Biothers. Ilin Veilem) c;,... T. ' flnlng Company and the Warner Sugar Re- iiinut v,unii my continue out ot the market Tho American Sugar Refining Company's Hot V.-rlitn rainnlnD as itlm 1 b . o ,...o ........s uutiiaiieeu at i.uuc for fino granulated The last sale In spot Cuban raws was at 6,46c. DIVIDENDS DECLARED Taylor-Wharton Iron and Steel Comnan ' iilar quarterly or in per cent on thi I!I ferred stock, payable Mayl, to stockholder, ,5 'I record Anrl "4. Hooks will remain .i.."I". t (I til May 1. un. Consolidation Coal Company, regular outr ' of record April 2S. " Pireno Manufacturing: Comnnnv .. .. H nuartirrly of SliPer cent, pajable May l Jl J stock or record April 28 v. wil i.asi at, i-ouis nna suuurDan Compsnr k J of 1 per cent on the preferred stock, caVa-Aia Jlay 1 to stockholders of record at tho ei2a v. uu.w.vo-, .. ... v.vc ,., DS maiist. tt ce.ision, Augusia nna vvatervllle 8tr..i'j Hallway, regular quarterly of 1'4 per cent Si. preferred, pajablo May 1 to stock of recofl j April 14, u v Heading' Company, regular quarterly of 1 ,, cent on the nrst preferred stock, pable Jus, 14 to stock ot record May 20. u" l5?, . - a LOCAL MINING STOCKS TONOPAH STOCKS - nid Asket'' .MHoamara 07 na ' Midway 11 ) Ml7pnh Bxtenslon 12 tJ Montana 'jo ;sl Aorm Mar 14 ,; ltcscue I'ula ' 'JO )t OOLDPIELD STOCKS Illuo Hull 02 .01 Hootn OS i.-l Comb Prar 07 Mil iirtiiiMiniciu J ............... ,,, 1 Daisy 03 tiro nj nil .sand Ken 01 J ,- blher Pick 12 . MISCELLANEOUS 3 Arizona United 41 ,.41 Teiopa Mlnlnc 10 w.j)3 BAR SILVER Last lm? Todav. Ves. Wd.Tllrl, f c London (pence).. ,1(1 SOW SOS 38,', SSUE ew lorKiceiusi 11 uit ,a- , 71 J fit When does a stock tell "EX- Jl DIY1DEWDT" ff Do jou know thoroughly the tI conditions of a "STOP OR DKRt" fj What Is the "ABSOSBlSa" Jl power of the market7 TIT When Is the market "SATV-- Tl KATEDt" ii Do jou know what Is meant " by tho term "STREET CER TIFlCATEt" IU Have jou over "BOUGHT O.V Tl A SCAI.Uf In fnet, d , : oil know thoroughly the meaning e" mnrket words and terms Hint you rend dally In the news papers nnd flnanrlnl publications, or do 3 on skip over them, trusting to luck to find out somo day? "THE LANGUAGE of the STOCK MARKET" Is the title of a new booklet of definitions of over 200 market words nnd expressions. It Is Interesting nnd enlightening to the beginner In the mnrket, and will prove a handy reference for nil Investors and trad ers, hend for It. Ask for 845-T.U. JONES & BAKER STOCK BROKERS Widener Bldg., Philadelphh New York Chicago Hell. Wnlnul lftan.1 Kej stone. Race 2280. Direct Private Wires Boston Pittsburgh JO.YES 4 BAKER. indeurr Blio.. Philadelphia f Pp. You may send me' our booklet "The Languace of the Slock Market" 845-T.U. Xamt t Address Cttv State Brown Brothers & Co. Fourth and Chestnut Streets PHILADELPHIA BONDS FOR CONSERVATIVE INVESTMENT The Philadelphia Electric Company tv i. ( Pennsylvania) n.. Jst Mortgage Sinking Fund 15 f-.nl,. RnnHc FREE OP Pm-Bvi.vAvn en P.He October, 1, 19M PRSKfr"''..-T v lv lllttrKei l0 yield about 4 88 P " ...i 7nmmmmm ,,, -Lm How is business in the South? See the Southern Business Letter in tomorrow's SM Business Section l .jrlk-VS , tr Also Special Trade Renorta . Frankford Mill Conditions- NY p c-n Quotations; N. Y'g See Evans' Chicago Letter for Western Buainess News c e. Complete Markets Stocks Bond r?:... .! . .p . ?.:..-. . .. -"' uouon 'JTXfMtWPrQdur. , .Tj'h.Aljy WBtslsll-lllifill t f iirMimrinTsi ct-Ju i'A.
Significant historical Pennsylvania newspapers