vr p' , ttsswt w y.; fee H m Zii 4 I! V 'sy '" rfj J L .A BKfr f Vj? ii W! Ml? lj7hCCT5Tt . V i . tu:' rasw i flfiSWH P-!PBHJ-'1;' 'VI CmiuPKJfc Railway Co. 6 Not y, : SaterMi March and Sept 2 !-tDn March 2, 1924 Prie at Market Yielding about 5.75 I? Descriptive circular i? ; FE-U3 on request rnenationaiuiv 1 Tnmnomr ;M!1 Chestnut St., Philadelphia ,Nsw tork Chlcito Bin rranclKo BMton Pltuburth I'fc. i Oun Rnney&Co AUTOMOBILE BANKERS Offer special facilities tor tn dlviduals or automobile deal era to finance the acquirement of pleaaure cars and for 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 FINNET 3T3. TEM will, make a better bust, neaa transaction for you. HEAL ESTATE TRUST BUILOINQ PHILADELPHIA Odd Lots Stocks Grain Unlisted Securities Tim sam careful ttentlon alven te small lots as to tbose ' larger amounts. HUGHES & DIER j Phila. Stock Exchange Htmbtrs Chicago Board of Trad 1435 Walnut Street Philadelphia L E. Dclp Grain Co. GRAIN "Xxport and DomesUe FCTUBE3 Correspondents BAKTLETT. FRAZIEB CO. CUICATJO 453 lesrse, Philadelphia Private wires all Grain Markets Members Chicago Board Trad SWn WPP5" CMjr of Edmonton (Canada) 6s, 1931 Cltr of Kdnonton (Canada) 6, 1021 , Cltr of Blsckfoot. Idaho, 81, 1917-20 UUland Taller B. K. Co. 1st 5s. 1943 Chleaso Oreat Western Bwr. Co. 1st 4s. 1959 Now Orleans Tenklnal Rwr. let 4s, 1953 Southern Indiana Bwr. Co. 1st 4s. 1931 GearsU Birr. A Power Co. let Be. 19S4 Tuscaloosa Bwy. ft Utilities Co. 1st 6s, 1040 P. Inpton's Bons Co. Vfr Ffd, Com. Qnar. Dlr. Free of Tax Circulars and prices on application Morris Brothers Co, Established 1803 1421 Chestnut Street THE HAVILANDARHSTRONG COMPANY ITfiPK 1418 WALNUT ST. RfllUnS NEW YORK-BOSTON eSTABUSHU IMS ; ' ii ID Cs.i sT1 ...... m, "' "' w",tiuaiuia :r stock .1 JtUVjt kFaMS) Att 1anwn w nnn ni a tV OCrt ?hVl uuu tu oimico ui any ijaib at uuu ;f , George N. Fleming Xfeystte Building v rhlladelphla .sar LEGAL ADVERTISEMENTS 'ESTATE OF MABY MIJLLIN (MIJLLUN1 deceased Letters of administration cum .testamento annexo on the abova estata having sen granted to the undersigned, all persons Indebted" to 1 the said estate are requested to Soaks payment, and those having; claims to resent the same, without delay, to (,' , WILLIAM J. MUT.LtN, ..., ., 917 Daly st. Vy- .4e Lincoln .Bids. HTATE OF "VUJFIEMJ 8. PITmr. deilliaSllll "llltllll Of Bltmlnllt-atlAn nn .-.. (.. : -r.- i.jj L- ""-.-.. .. wi ppvo wiaia hkviokt wen vramea 10 the anderstSTned. all persons Indebted to the said estate are 'requested to make payment, and ttoss bavlBST claims to present tbs same, with- OTindhst..0 .. '.'"l a, 'Land Title Bids'. 1 '. st ' ' "t. aWJCTOStY OF ACCOCWTg pstrT joint PafcHs Aeeoontanta SHOWN A CO. XKUBT 11UIL.DINO AnlllRT PIUTWVtl. AND DISPUTED ACCOUNTS. Ms1 JOfWYOKK COFFEE MABKET BJafpX TOmcAprll !. The market for .nmirea opeaea. at a decline of 4 to tasr-' TraeJrn on tBe call was -active, sales amounting m'VJL . 'W " Testsrdaya ,';v?epenls. J doss. close. .. ,. . i.vowi.w a.eess.ss ... j-.viviv lossg.ia v am-swssisw-i sasin ilm i.-Jm i?Ltl , . fv FINANCIAL NEWS 1 FREQUENT SELLING WAVES TAKE PLACE IN WALL STREET AND STOCKS DECLINE Trading Dominated by Various Reports From Washing ton, Including Control of Output of industrials and War Taxes High Points in Today's Financial News Selling waves were frequent in Wall street, with various reports from Washington dominating trading all through day. Curb was without special pressure. New high records' catablishvd in wheat, followed by reaction. Cotton closed lower. Bar silver higher. Government treasury notes raised from 2I2 per cent, intcrcit rata io 3 per cent. NEW YORK, April 20. Various reports from Washington, Including tho clear Intimations that the Administration may liavo already determined to control tho output of Industrials and scrutlnlzo the margin of prollta on Government contracts, whllo at tho same tlmo Imposing war taxes which many who may bo subject to tho, lovy fear will vbo oppressive, caused frequent selling waves In toJay's stock market and substantial losses were sustained In many Issues. Tho announcement mado by tho Interstate Commcrco Commission In regard to railway rato advances was construed ns being clouded with a great deal of uncertainty, nnd tho action of tho stock market after tho bulletin pub lished lato yestorday was a decided disappointment to thoso who had expected that this ruling1 would bo annccntlvo for aggressive buying. Thero was a show of strength in tho first few minutes .when advances of 1 to moro than 2 points wcro mado In many of tho railroads and Industrials, but It was soon apparont that stocks wero in supply without much regard to price, and all through tho rest of tho day movementswero to materially lower figures. Tho wheat market attracted a good deal of attention, both because of tho early advance, when May wheat sold at tho now high record of $2.43, aa well as on tho decline which occurred on tho reports that tho Government would nrrango for tho distribution of wheat holdings. Bethlehem Steel "15" was especially Influenced by tho assertions that by tho new order established tho company would loso part of Us business, and that stock declined from 123U 115. Sloss-Sheffleld, on which dividends wero recently suspended, sold down C points to 44. Many other Issues sustained losses ranging from 3 to 7 points. United States Steel common advanced to 112, from which It dropped to 110. Union Pacific and Reading wero strong in tho early trading, but reacted after tho first few minutes, and other railway Issues generally sold off after initial gains. . Nearly all tho Important dealings in bonds today wero again In foreign Government issues, with Anglo-French Bs ranging from 94'4 to 94. NO SPECIAL SELLING PRESSURE IN ANY ISSUES ON NEW YORK CURB NEW YORK. April 20. Tho market on tho Broad Street Curb showed a moro sound condition than was displayed on the New York Stock Exchange. Thero was no special Helling pressure, even Jn tho war-order industrials, although somo of theso stock sold at new low levels. . On, tho other hand, many of tho new-comers on tho Curb wero In goo'o. demand, and a number of mining stocks showed pronounced strength. Everett Ileaney & Co. was ono of tho strongest features, selling at 21, the highest price so far touched by that stock. Aetna Explosives showed a better tone, ndvanclng to 3U. followed by a reaction to 2. Tho certificates sold at 2 and 2. Air Reduction was traded In on ft fairly largo scalo at 70 to G8. National Conduit ranged from 34 to 33. Maxim Munitions sold at 2i and 2. Sub marine sold at 21 and Lake Torpedo at 8. Chevrolet continued on tho down grade, dropping from 08 to 92. Tho oil stocks wero fairly well held, with Merrltt Oil selling at 25 to 24. Cosden & Co. sold at 13 to 13. Russian 5s sold at 86 and 87, and New Haven notes at 97 to 98. IMIUSTniALS NEW Y0EK STOCK SALES Het Hlsh. tow. CIois. chse. ASH W erW J 1 28 .. 81 Ottt ....; 44 in 84 H 40 H 110 is H eltt 2H JO 55 aa n M 10 . .. mi 7 '- SO 2 0V4 sew V4 Alas Rubber .... Alaska Old M.... 7 1H Allls Chalmers ... 25 25 do pfd 81 81 Am Beet Sugar. ..'02 00 Am Can 45 43Ti Am Car & Fdy Co 88,J 84 Am Cotton Oil ... 40 30 Am Hxprcss 110 110 Am llldo & Lcath 14 13 do prof 82 81 Am Ice Sea 25 25 Am Linseed 20 19 do prcf 85!4 05 Am Locomotive ..87 68 do prof 103 103 Am Malt 13 10i do pret 60 BO Am Smelting .... 99 98 Am Sugar prcf. ...110 119 119 J Am Tel & Tel ....128 123 lis Am Tobacco 180 185 1 ' Am Tobao pr new. 104 104 101 Am Wool 48 48 48 JJ4 Am Writ Taper pr 48 42 42 lY Am Zinc & Lead.. 82 80 81 Am Zinc & Lead pr 66 06 68 Jf Annconda 77 76 2 Atchison 102 102 102 J do prcf 08 08 08 Atl Blr & Atl.... 17 17 H Atl Coast Line.. 113 113 113 V Atl Gulf & W I. 00 00 00 V Baldw Loco Co.. 53 81 52 1 Bait & Ohio .... 76 76 76 do prcf 71 71 71 ; Barrett Co 100 109 100 T Bethlehem Steel.. 128 128 128 do B 128 115 111 J Brook Rap Tr ... 65 64 64 Burns Bros 124 123 123 Butto & Supr Cpr. 42 41 42 1 Butterlok Co 17 17 H " Cal I'etroleum ... 20 20 20 do prcf 50 50 50 Can Pacific 161 160 161 ..... rnliimet Arizona 77Vt 7JV4 77 84 33 05 61 81 Bid. 1NDU8TBIALS Bid. Am Reduction ..... 87 Am Stores 30 Am Sumatra 20 Aetna Explosives ...... 3 Am-Brltlsh Mfg 8 Am Marconi 2 V. rinse. Asked. (Bale) Yes. cloe. AeUed. ("Me) American Writing Taper 3 Canadian Car Co 20 Can Car & Fdy prcf.... 70 Charcoal Iron 7 Chevrolet Motors ...... 03 Cramp 85 Curtlss Acroplano ..... 17 Carwen Tool 11 Carbon Steel 80 Emerson Phonograph .. 8 Federal Dye 40 Haskell & Barker Car... 37 Ilendeo Mfg 31 Kathodlon Bronze pfd... 3 Lake Torpedo Boat..... 8 Lehigh Coal Sales 85 Lima Locomotive ....... 53 Maxim Munitions ..... 3 Marlln Arms 83 IS Y Shipbuilding 3D North Amer Paper Pulp 6 Otis Elevator 00 Peerless Motor ......... 12 Poole Eng 75 Pierce Arrow ...... 41 Redden Truck ......... 10 Scrlpps Booth ......... 20 S S Kresgo w 1. ........ 11 Standard Motors ....... 14 Steel Alloys 7TJ. Submarlno 21 St Joseph Lead......... 17 Todd Shipbuilding ...... 83 Triangle Film 1 United Profit Sharing... U S Steamship Vm United Motors 30 United Sugar 30 World's Film Wright Martin Airship.. 5 Zinc Concentrating 2 STANDAKD OIL Illinois .225 Ohio ......360 Prairie Pipe ...302 Standard Oil of Cal.. ...278 Standard Oil of N J 017 Standard Oil of N Y....200 08 37 23 3 12 2 4 33 74 7 05 00 21 llW 85 0 3H 34 2 8 00 56 2 87 42 8 63 14 00 43 20 40 12 11 8 22 18 85 5 30 30 8 2 230 365 305 28! 683 205 70 30 23 3 08 11 38 8 2 80 5 11 7 21 18 e 1 "1 30 30 5 220 INDEPENDENT OIL STOCKS Bamett OH & Gaa. ...... 2 2 Cosden Oil 13 13 Cosden & Co..... ...... 13 13 Elk Basin.... ....... 11 11 Federal Oil ......... 5 6 Inter Petrol ........... 13 14 650 395 2 13 13 11 5 14 INDEPENDENT OIL STOCKS Continued Yes. close. Bid. Asked, (sal.) Houston Oil 20 22 20 Merrltt Oil 24 25 24 Midwest Ret ....138 140 130 Mot Petrol 1 1 1 Ohio Fuel 10 20 Oklahoma Ref .,. 10 10 10 Osage Hominy 0 0 0 Rice -. -ft Sapulpa Ref 10 10 10 Sequoyah 1 1 If, West End O & G 12 15 15 MINING STOCKS Alaska Standard 40 43 45 Atlanta 12 13 i Big Ledge 3 3 3 Butte Copper & Zinc ... 0 0 o Butte New York 1 2 Cashboy 7 8 Con Arizona 2-f, 2 Emma Consolidated .... 1 1 First National ..; 3 2 Goldfleld Merger 6 8 Goldfleld Consolidated .. 58 62 Goldfleld Florence 22 28 Goldfleld Kewanas 15 17 Green Monster lft 1 Hecla Mining 7 7 Howe Sound 0 0 Independence Lead .... 11 12 Jeromo Verde 2ft 2 Jim Butler 68 73 Jumbo Extension ..... 41 43 Magnate Cop 70 82 McKlnley-Darragh ..... 46 40 Magma Copper ..47 40 Mother Lode .33 34 Mines Co of America .. 1 2 .. Nevada Hills 20 25 Novada Wonder ....... 1 3 ,. Nlplsslng 7 7 .. Ray Hercules 3 4 4 San Toy 14 16 Stewart 0-32 Tonopah Extension .... 3 3 8 United Verde 80 37 West End Con 70 75 Whlto Oaks 4 White Cap 1 1ft 1 15-32 lenngion as 88 BONDS American Smelters Bs.. 04 05 Atlanta Charlotte Bs ... 08 08 Bethlehem Bs 08 08 Cosden OH 6s ...loo 101 Cosden & Co 6s 103 104 Cudahy Bs 07 08 Erie Bs 08 08 Russian Gov 5s 86 87 do 6s 03 04 Southern Railway Ss ... 98 08 Sinclair Oil 6s 110 110 Todd ''Shipbuilding. 6s.. 101 103 New York State 4a 105 105 New Haven 6s ......... 97 08 Central Leather Ccrro do Pasco. , Chandler Motors CheBa & Ohio.. C M & St P.... Chi & Northwest C R I & P 2d prcf 47 Chill Copper 22 Chlno Con Copper. 83 Cluctt Peabody .. 60 Col Fuel & Iron.. 47 Col Gas & Elcc... 48 Col & South 27 Con Gas EL&P.116 Consol Gas Ill Cont Can 04 Corn Products ... 23 do prcf 08 Cruclblo Steel .. 62 82 31 03 60 70 114 113 113 46H 22 82 60 46 43 27 114 110 02 23 07 80 82 1 38 03 60 80 5 t 46 22 63 69 1 46 44 27 1 114 2 110 03 1 23 07 80 1 1 Net Hlsh. Loir. Close, ehse. Willys Overland.. 29 S 20 do pfd 86 86 86 Wilson Co 76 74 75 Total sales. 83.800 shares, rernpsred with 497,100 shares Mtrdari tho; far this ,"."; 3.852,000 shares) ssme period last week. ,.!. 600 shares. Ex dividend: Anaconda Copper. 21 Bepubllo Iron and Steel. H I Julius .Kayser first pre ferred. IK ( Milwaukee Klectrio I. sht, 4 : Ml; vale Steel, 1H i Homestske Mlnlns. 65 cents, n..... ti..,k... lit . rf.i tnnt Ha Npmours row- Amr i..r.c. 'iu . tirAwn .Hhoe Company Pre ferr.il. l4. ! ' f erred. 1i i do. Corporation, IK a, lWi Brown hoe Company pre Pacino Coast Company Orel pre- do, second preferred, 1; Fisher Body IK. Sales in Philadelphia Hlsh. Low. Close. 15 Am Rys pf 04 04 04 100 Atchison ..102 102 102 Net chse. V 28 12 ..... 19 78 iy 66 83 94 88 81 28 79 29 95 28 6 42 86 H- do prcf 107 107 loiya y Cuba Cano Sugar 46 44 409t, rt do pref 01 01 91 Deere Co pref ... 08 08 08 Del & Hudson ...122 121 2 ..... Denver & R. G... 13 13 13 do pref 33 Dome Mines .... 18 Detroit Edison ..120 Distiller Secur... 14 Drlggs-Scabury .. 80 Erie 28 do 1st prcf 42 Mr. 2rl nref 33Vi Gen Elect Co 163 163 162 1 General Motors. . .101 08 101 do prcf 86 86 Ooodrlch B F 40 47 Granby Mining.... 80 80 art Nor Oro subs. 30 80 40 40 122 121 104 104 47 48 84 10 32 S3 1 14 15 120 129 1 11 12 1 79 70 1 27 27 41 41 82 32 Greene Can Cop. . Gulf State Steel... Illinois Central .. Int Agrlcul pref. . . Inspiration Copper 88 Intborough-Cons C 11 86 1 48 1 80 80 40 2 do pref 60 88 IntHarvof N J... 112 112 Int Mcr Marine.. 27 28 do pr 78 '76 7 2 1 87 7U m 41 80 48 34 38 08 08 104 87 04 Internat Paper... 38 do pr c t 07 Int Nickel 41 Kansas City South 22 Kelly Springfield. 52 Kennecott Copper. 43 Laclede Gaa 99 Lehigh Valley .. 66 Lee Rubber Tire. 20 Llg & M T Co pf.120 Loose-Wiles B Co 20 Louis & Nash Manhat Shirt .... 75 Max Motor 45 Max Motor 2d pref 30 Mex Petrol 87 Miami Con Cop.. 41 Mldvale Steel .... 57 Mo Kan & Tex.... 8 Mo Kan & Tex pref 14 Missouri Pacific... 0 do ctfs 10 do w 1 20 do pret w 1 50 Mont Power 08 Nat Enam & Stp.. 38 do pref. 07 85 37 87 40 22 52 42 89 65 20 120 20 131 131 75 43 20 85 41 65 7 14 0 10 28 50 08 33 97 55 121 104 46 54 11 60 112 1 26 78 38 I 07 40 22 I 11 Cam Iron 45 45 45 7 Con Tr N J 78 73 73 100 Interb Con. 11 11 H 48 Ins CoNA 28 26 100 Key T Co 12 12 210 Lk Sup Cor 10 10 10 Lch Nav... 78 78 105 Leh Volley 68 66 827 Penna 11 R 58 84 30 Pa Salt M. 94 94 10 Phlla Co cum .pref. 88 88 60 Phlla Elec. 31 81 625 Phlla Rap T tr ctfs. 28 28 6 Phlla Trao 79 79 250 Ray Cons. 29 29 200 So Pacific 95 05 160 So Rwy .. 29 28 825 Ton Mln.. 6 8 77 Union Trao 4 42 Kill Tin Ci Imn. 87 88 6705 U S Steel. 112 110 111 An tVnr TAR flU. 0 0 1 Westmor C 76 76 76 1 153 Wm Cramp 88 87 87 10 York Ry pf37 37 37 Total sales, 10.801 shares, compared with 8878 shares yesterday I thus far this week. 44. 037 shami same period last week, 62..3 shares. Ex dividend today: York Hallways preferred, Hi per cent. v High. Low. Close, chse. 82300 Eleo & Peo Tr 4s... 82 82 82 10000 Penna Go gen 4s w 1 .... 07 97 87 ... 2000 Pa & Md ' Steel 6s. 108 105 105 6900 Phtla Elec new 6s.. 101 101 101 2000 Reading gn 4s 01 81 81 2000 Stand G & Eleo 68.102 102 102 , 8000 Un Rwy InV Bs,. 60 69 69 .... Total sales. 833,200, compared, with 888. 200 yesterdari thus far this week, 8S01,300 same period last week, 8827,620. stock TRADING IS SMALL HERE, ' WITH NARROW PRICE MOVEMENT Rapid Transit Certificates Do Not Sell Until Late in DaJ ' Steel Common Most AcuveiujjwtwiMiic , j Portland uemenc Narrow price changes and small trading continued to rule on the Philadelphia Stock Exchange today. When business started there were very few orders In the market, either for execution here or In New York, but principally here. Philadelphia Rapid Transit trust certifi cates did npt sell until late In the last hour, when 100 came out at 28, a loss of as compared with tho close of yesterday. Union Traction and Philadelphia Traction were un changed. Most of the business -was done in United States Steel common and that stock after showing an advance at the opening, declined to below the last quotation of last night. Lehigh Valley Railroad was strong, ad vanclng more than a point, and Pennsyl vanla Railroad gained a fraction. Application has been mado to the Phlla- K delphla Stock Exchange to list the comma i and preferred stock of the Giant Portltna Cement Company. The, original application i made 'some weeks ago was rejected hv h..' Stock Exchange committee on account of '' tne provision ior ine retirement of the 1 preferred stock by lot. The company's br'' laws have since been amended to comol ...III 41.1. .nt.nt.a1 rAn1ll..n..Mf ' t.1.11 HllO lbll.llV-1 .vlHtlVIIIGtlH The Lehigh Valley Transit Coikm.. earnings statement for March and twelre ' months was Issued. It showed operating revenuo for the month of $218,467, an InVJ creaso of 226,363; but, due to an lnrr..J In the operating expenses, there was a de.ll crease ui eoiu in uci. upenuing revenue, that Item standing at $78,466. For twetvev Iliuiiiuo vuu biuos vlb ,uoi,v4!f, n sAln V Me C19Q RR1 o,A tUt. ... .... A,, i..11. ' InrrMBo nf I.1R fifiR ' 1J BIG LOSS IN CASH New York Institutions Report Loss of $72,000,000 on Money Movement NEW YORK. April 20. The known movements of money for the week ended with the close of business yesterday Indi cate a technical net loss by the banks of about $72,000,000. The banks lost to the Subtreasury $23, 129,000 and the New York Federal Re serve Bank had a credit at the Clearing House of $49,000,000. 52 43 99 66 20 120 20 131 75 44 NEW YOKE BOND SALES S2000 Amer Arr 5s. sis aUk ttlLiJ'lJ ii ! , vsHssssainssi -. , mmi ssv-srsiw araiwiftsd WWW .j.h, .the Maine Ctautny" alone WaW raWl .,- . V II vi 4s OlU eaus 6s.. 06H ay ii Hi Hlsh ...1009i 5O0O Anrlo.French Its UI',- 41000 Am ForeUn Heo 8s.. l)'li 4B00O Amer Tel Ca uuv 15000 Amer Tel cvt 4Us lO.'.t. 1000 Amer Writ Pap Bs.... 00 80OO Armour Co 4'ia U3. ouuu Aicmson csn is.. 1000 City of Bordeaus loooa n.ii & nhin sua ...T r.r .T7".r'.-"" n.ir 12UUU isait a unio us uin BOOO Halt A Ohio 41 87T4 20000 Bait O Swn 8Mb... 88 6000 Brooklyn K T Bs 1018 UUV 10OO llush Term Bids 5s.. 85 suuu uin uas os...... mi 2000 Can Govt fis 1021 .... , Kit 6000 CanOovtCs :!..... 08. 1000 Can Govt Ss 1031.... OHtt 10OO Cat Oas Eleo (Is.. 98 8000 Chill Copper 7s. ,.W'.126U 1S5U 10OO dies A OhloVv 4HS..S1U l'i 2S00O Cues 4b Ohio conv 5a:. ni 65000 Chi BJIQifi 4s.;. Ottfi soou cm m at as.,., vh 8000 Cbl 11 St P.rfd 4Us 02U BOOO Cht M t St P conv Bs.103 91000 Chi Mil A Bt V ev 4tts 08 DWi uni Mil m r o s..w na 4000 Cht R I si P 4s 82 lieoo Col Mldlsnd ct 4s.... SV eeo City of Parts 6s.,.. 95 cm Kys wo os , uav is sacur ursii..,, ui y ens raaok Hap S n Steo. M... I VI Km lows, wiri ua latarb Mat 4ns ..... "KL.r-.:5af v t.ni ' !".. esss -ws. -"jaw gas city -vsi v i iTrd Low Close 100H 100H Dig 04 1 Uflty SIlQ l 1U5U 105U no un 113 03 01 01 07 07H ST 87' 884 88, 85 85 101 101 00 00 OS 08 08ti UHU 08 , 08 iui wsi nn 125V1 81U vDO't D0H I 100& 06U 88 88 , 02 03 J02 , 103 4tt 85 83 83 L 82 8i i 8 as ; ,o 03 flStt 03 ur swrfir as ni Qi 00 SOU so esu liwV 1IMI 4o. .85.. 84' ? on 8? 1000 Nat Tuba Es ,...10O 2000 N r a A attalTT!. so 13000 do 6s 107J4 2000 do 4Ms 05H 1000 N Y Chi A St L 1st 4s 02 8000 N Y City 4s 1058 ...100 1000 do 1DJ1& ' OnU 61000 do 44s 1004 100K Hlsh. Low. Close. inn 7 10T.T S3 02 100 lOOn 105 lois 8 08 00 00 (intt 00OO Public Berv N JSs... 88 88i 4000 Pars Marq w 1 (is.... U8 11 J 2 4000 Hep Ir AS 0s 100 loo PtS M A st : City 4s 1 1050 61000 do 44s 1064 100 7O00 do 4ti Nov 10ST..1OH 4000 N Y N H A H 6S...101K 6000 NY Jtwy 4s ...?;.: esjj 1000O do r.s 82 1100O N Y Tel gen 4Hs... 01i 1000 N Y W C B 4Hs I 64 70OO Nor Pao 4s........... 00 80000 Ore Short L iu...Y., 00 .fliuw i-enna sen wr I sns.. V 100 1400O Stand Oas 6s 101 8000 South Ball Bs ,.0S 8000 South Paa cv 4Hs... 84 45000 do cv 4s ., 84 215500 do cv 8 ldOi 20000 South Rwy 4 68 20QP gparta 4s.. . . .A.. .. 86 8000 Texas Co ct 6s....... 103 1000 V S Govt 4s. ...... ...108 1000 do r 8s 00 88 OS ST izuuuo u K or o D 1 Da... ST TDUoo do ons IBIS ..100' . .ilOlV m BS m At yyv v a uovx ss ..l 1000 do r 8s 6SSJ!2 K ? Rubber eras...: : S959 Union Pao 1st 4 , 7000 Un Kwrs 8 F 4s ' 163000 do BWa 1019 nsw. 111000 do BV4s 1019 07V 40000 no 5s 1921.:.:::: m jovw va, nwym oa.......... no 1000 West Onion i ...., 02 ." .vvat union oa....... vi v hb 8000 Wlscon Cent ran 4s... 88 '88 86 2000 Wast Pao R R 1st Bs! 87 ItS ItS National Lead.. do pref. 100 109 Nevada Con Cop... 22 .12 N Y Air Brake. . ..140 134 New York Cen... 03 03 N Y N H & H.... 41 38 Norfolk & West.. 129 North Pacific 104 Noa Scotia Steel 84 Ontario Silver.... 6 Ohio Fuel 48 Ohio Gas 142 188 do right 8 6 Owens Bot pr...H5 Pacific Mall 21 Penn R R 63 Peo Gas & Co .... 81 Pere Marqt w 1... 24 Phlla Co 34 Pitta & West .... 24 do pref 62 Pitts Coal ctfs ... 44 Pressed Steel Car. 74 1 1 2 28 1 85 1 41 86 7 14 1 0 10 28 59 88 33 87 1 85 1 100 22 134 5 03 40 128 128 103 108 Local Bid and Asked Today Yesterday Bid. Asked. Bid. Asked. Baldwin 82 83 84 6t4 Brill J O 25 20 21 20 Buff A Susq to 68 (10 88 0 do pref to 82 53 62 63 Kloo Storase 02 0.1 02 0.1 Oeneral Asphalt 23 24 23 24 do pref 02 At 63 04 Keystone Tel 12M 13 12W 13 Lake 8un Corp 10W 20, 194 20',1 Lehlsh Nav 78ti 79 78 70 Lehlsh Vat B5I 6fl 65., 65 Lehlsh Val Tr 25V4 28, 28W 28 do pref 4S 45H 45 454 renna 63ti 634 63 6314 Phlla Rlee HIVi 3l' 3Ii .12 Phlla Co 34 88 34H 38 do 8 per cent pref.. 31 37 35 37 do 6 per cent pref.. 874 8SU 38 38'4 Phlla R T t c 2R 29 , 20 , 29H Reading 05'i 054 94i 05 Ton BImont 4'i 4 44 44 Ton Mlnlns 4 4 f 4 Union Traction 42i 42I 424 42H tl a 7 R4 RT S4 88 TI S steel lit 1114 1114 112 Tork Rwy in 164 J44 154 Wm Cramp t c 874 80 87 89 MONEY-LENDING RATES NEW YORK Call money opened at 2 per cent for lending and renewing: high 2, low 214, last 2, close 242, rul ing rate 2U per cent. The market for time money on collateral Is unchanged at 3 ',4 4 per cent for sixty days, 3U4 per cent for ninety days, 4 per cent trading figures for four months and 44Vi per cent for five and six months. Industrial loans are U 5? ',4 per cent above these figures. The market so far has not reflected the heavy loss sustained by the clearing house Institutions to the New York Federal Reserve Bank which is mainly attributed to the subscriptions to the new Government war certificates. Prime bank acceptances are quiet at 3 t, 2 per cent for ellglbles and 43 per cent for Inellgibles. PHILADELPHIA Call, 8 per cent Time, 4g6 per cent Commercial paper, three to six months, 444 per cent LONDON Money 4 per cent' un changed ; discount rate short bills 4 ' to 4 per cent, unchanged; three-month bills 94 to Per cent unchanged. FOREIGN EXCHANGE NEW YORK, April 20. The foreign . 5J change market showed some Irregularity u 'm the early dealings today, but business' wag tl nn n mnilftrfll. apala Tfallavi ...I... . . 'M " - - v.imnge, neiac'i l.aili, at 4K. t,to.Vi..t flw..... .... . J u..., . u. ..win, "tuiu esuiDiisnsdl laio on xnursaay. ituDies. sterling ana rrench exchante 1 were steady, but an easier tone prevail a in guilders and In Scandinavian exchange l Quotations were: Demand sterling 4.75, cables 4.76 7-it. i 60-day bills nominally 4.72, 90-day bllS J i.iv. Franc cables B.70. checks B.71U. Lire cables 6.90, checks 6.91. 1 Swiss cables B.09. checks B.OSSir- T- Gulrder cables 40 less 1-16, checks 40 less 1-16. -. Ruble cables 28.73, checks 28.63. Pesetas cables 21.7B, checks 21.60. Stockholm cables 29.6S, checks 29.30 Chrlstlanla cables 29.60, checks 29.30 Copenhagen cables 28.30, checks 28 Paris Bourse Cheerful PARIS, April 20. The Bourse was cheer ful today. BANK CLEARINGS Bank elesrlngs todsy compared with corre sponding day last two yesrs: 1017 1018 1015 Philadelphia. 159.264.048 Holiday 125.181.063 Boston 62.840.0A0 45.011.745 29 006.660 New York...485.18M8S Holiday 830 008 10a St. Loul 20.522.740 Holiday 13 175 161 French Bank Statement TARIS, Acrll nrlncloal items the Bank of France (In francs) April iv. 2D. ThA fnllnwtn. . ... rj In this week's statem.n V3 t'l Gold Silver Circulation ... Deposits Loans A dlacts. Treasury depts . 6. 232. 4nn. nnn 267,000.000 19,001,700,000 2,442,400,000 2,021,800,000 07,200,000 April 12. 1 5,222.800,009 i JXR nnnnSt ii 18.844.'lon'nnft s5J2-529.?o5rl ne'Jl ""'"Wj viiWU.DQQ Hooven Automatic Typewriter Share combine safety with the greatest speculative and income possibilities. Call at our offices for dtmonstra tiont or writ for full particulars BERGMANN & CARAHER 66 Broadway New York Boston .Philadelphia Pittsborsh Cincinnati Cleveland Chlcaro Free of Pennsylvania SUte Tax Exempt from Federal Income Tax Legal Investment for Trust Funds Graham & Co. Lower Merion Township bankers Montgomery County, Penna. 435 Chsstnut StTMt 4 School District Bonds Due 1922, 1927, 1982, 1837, 1942, 1046 Prices to Yield 3.90 Description Upon Request 94 8 48 115 21 83 .80 23 84 28 60 42 73 Pullman Pal Car. 157 157 84 2 6 48 189 8 8 115 t 21 68 28 1 34 24 61 42 78 1 157 V 1 48 1 28 85 78 Quicksilver 2 ' 1 Ry fteel Spring. . 40 48 Ray Con Copper. 28 28 Reading 86 05 Ren Iron & Steel 78 77 do pref 102 102 102 Royal Dutch .... 68 62 62 Saxon Motors ... 61 48 48 2 St L S F 18 18 18 Sinclair Oil 55 85 85 Seaboard A L,. ... 14 14 14 do pret 82 82 82 Sears Roebuck ..177 175 175 3 Shattuck Ariz .. 24 24 24 Sloss-Sheff S & I . 60 44 45 6 . Southern Pao ... 85 84 84 Southern RR .... 29 28 38 do pref 50 58 88 Studebaker 88 84 84 tuts Motors .... 42 48 42 Tenn Cop 4b Chem 16 16 16 Texas Company ...210 X06 208 3 Third Ave R R . . 86 SS 86, Tobacco Products 61 81 51 1 Underwd Tpwtg Co 99 89 89 Un Bag & Fpr new 80 80 80 Union Pacific ....188 186 186 v do pref 81 81 81 ..... Utd Alloy Steel... 42 42 48 United Cgr Sts. . . 88 88 99 United Drug 1st pr 82 tl 61 1 United Fruit 118 181 13 U S Ind Alcohol. ,108 101 104 4 U S Realty & Imp 18 11 18 4 U S Rubber . s. . . 68 66 88 1 do 1st pr 106 106 106 1 U 8 Smelt & Ref. 65 88 86 U S Steel 111 110 111 do pr 118 111 lis Utah Copper ....111 101 110 Utah Sec Corp.... 18 18 19 Va Car Chem ... 41 41 41 do pr ...; 108 108 108 Va Iron C & c... 64 M 66 8 Wabash 11 11 11 do pref A 60 49 48 4- do pr B 26 . 15 Wells Fargo EX..B844 88 98 1 WestMd 11 "4 West Union Tel.. 87 .8 87 weetingnouse mis' H H H NEW ISSUE $2,750,000 United States Public Service Company First Lien Six Per Cent. Gold Bonds a Dated February 1, 1917. Due February 1 1927 Redeemable at the option of the Compsny en say interest payment dale on lis weeks' publithed notice, at-105 and sc creed inlereit. Inlerett psysHe Februsry lit and Auruit lit. Coupon bendi in denominstiooi of $100, $500 and $1,000 esch inlerchsngesble; principsl msy be regiilered. $1,000 coupon bondi and mulliplei thereof are inlerehengesble with reguleted bondi ef like denominationi. Principal and inleteit psyable at office of William P. Bonbright &Co., Inc. Tax Refundable in Pennsylvania GUARANTY TRUST COMPANY pF NEW YORK, TRUSTEE For mformalien concerning this iuue, we tummariie ai followi from a Idler signed by Mr. H. Wutdick. Preiideal ef the Company: Business Purpose of Issue Security The Company owns and operates Public Utility Companies supply ing electricity, gas, water or miscellaneous service in thirty-six cities and towns located in Ohio. Illinois, Kentucky. Missouri, South Da kota, and Texas. The communities served are in thriving farming and industrial sections. pe Company's object in creating this indenture is to bring the financing of the subsidiary companies within the scope of one spe cine funded obligation, to discharge all r.iV,.r ;j.u..j c .l. Earnings Safeguards Franchise! Company, and to provide the subsidiaries with working capital, These Bonds are secured by all of the securities of the present subsidiary companies, except two small preferred stock issues to be acquired on or before February 1. 1918. The bonds are sub Manually a first mortgage upon all of the property of the subsidiaries. Reproduction cost of the physical property is largely in eacess of the total par value of these bonds. The total income for the year ended December 31, 1916. apDli cable to interest charges on this issue of bonds, was over two and a quarter times requirements. Additional bonds may be issued only for 80' of the cost or value of extensions and improvements, or of additional after-acqui red beyond the life of these bonds. y "."" Si. Louii. The account! of the Cemnanv hava k. accountants, and the phyiicsl properties hsve been examined piny, The form ef the Indenture, securing these bonds and the corporate Brace);.. !... l . . ' soajsanings , Russell, of New Y0,k: the li.Ie, .nd halffi&S Stet. eudilsd by Mean. Marwiek.lliteh p,., M "T.T !J md sni reno,.ed on bMeMu. H. M. B,lb,t '& Price 99 and Accrued Intcrcit DescrtpHee circular on rteuul William P. Bonbright & Co. ucotporittd MORRIS WISTAR: STROUD. T.. M.. 437 Chestnut Street, PWUdelhi r - l n 'Pi i XI fh.dsbdf West) Pao R R . 14 ro H CHICAGO t , M is-ato'Wd .: iri - ,..; V LMai -'x:. ;. . ' Bam an sasasss- ' - ' if I a. -f r .V,S iaaiK -l &-Z ... . rfr SJSTt ,fl NEWYOKK'
Significant historical Pennsylvania newspapers