i-VI 'A -DTJTT' ' . ' 1 ' WW -ty. "J 1'. .' millv: mock a co. K''4r"i.H.9H. WW ' NAVIGATION CO. ,'CONIOU MOBTQAQE , ' 1964 - Micr. to nct usn I , fl. puiPAnn 4 ,,,rw ''- JOINT 4 "?' 1S1 PRICE, TO. NET 4477. PENNSYLVANIA COMPANY COLLATERAL TRUST 4t '1931 PRICE, TO NET 4.70 3M CHESTNUT STREET PHILADELPHIA ffi Oursr Rnnby&Co AUTOMOBILE BANKERS Offer special facilities for In dividuals or automobile deal ers to finance the acquirement of pleasure cars, and (or business houses to finance the acquirement of commer cial cars or trucks. It you aro thinking of purchasing a car of any kind for any purpose the FINNEY SYS TEM will make a better busi ness transaction for you. REAL ESTATE TRUST BUILDIN3 PHILADELPHIA fif' ft , it Hooven Automatic Typewriter Share combine) safety with the greatest speculative and income possibilities. Cell at our offices for demonstra tion or write for full particulars BERGMANN & CARAHER 66 Broadway New York Boston Philadelphia Pittsburgh Cincinnati Cleveland Chicago J. B. Stetson Common Stock We offer 45 shares or any part at 365 George N. Fleming Lafayette Building Philadelphia ii.-- V! . Ei (r Charles J. Bender & Co. INVESTMENT BONDS Members Pclladelphla Stock Exchange NORTH AMERICAN KLDG. D1BECTORV OF ACCOUNTS Certified Pnbllc Accountants LAWRKNCK K. 1IHUWN CO. IflS REAL. ESTATE TRUST UU1LDINO INVE8TJOATE AND ADJUST PARTNER SHIP. JOINT AND DISPUTED ACCOUNTS. FURTHER INQUIRY FOR 1919 STEEL RAILS Three Companies Advance Wire Prices Structural Demand Is Reported on the Increase i NEW YORK. April 21. Some additional rail lnaulries for 1919 rlellverv hnv hs.n V received by the manufacturers, and It Is Kffi How estimated that the total of Inquiries Fv! fnr the. mnrlf.t at nrpo,nt In tn n.i.hi i. 1,000,000 tons. Actual rail orders nat urally have been small recently and, until ,i inere is some niacins nr igm rnntt-gia ftsV nothing of great Importance can bo looked R..V for: ' The market for rail accessories Is nulet 01 at the moment, and leading trade Interests fe ao not look ror a change In the near fe future. However, there Is still some busl SST.liess to come for these smaller articles In SSi, connection with late 1917 and earlv 191R mr ii !t.i m j..... i s . . .. - D viuuuLa imve ueen aavancea so t' 9r ton by three of the Independent steel ;;, Company started the movement and the fr. TaMkln C,1 .. Jk nill-l . ... wauinia uirei wiu x-uiBuurgn oieei com fi panles have followed. The American iron 55 and Steel Company has thus fnr hii,n Qt.s no action. JS -.However, the demand continues abnor-xJ- taally lance, and It will h ciirnri.inr it i .'something Is not done Within a. rnmnarn. Wt tjvely, short time. It Is, of course, well sj Known mat tne policy of the United States ': Steel Corporation Is onnosed in further .-wi. ;1 vances In steel products, but the riemanri !,J, belnr larger than the minnlv it m. ;.,v b only a Question of time when net inn win F',"'be taken by the leading Interest. fl xne prices ror wire rods ore expected to t', QYnce Dy many siuaenta or steel condl sbfb tlons. due to the extraordlnnrllv l.irirn ,i. fip'mand Which thus far nan rnnllr.ii.,1 nnA wS-'-5Whlcn shows signs of Increasing rather ,!j'4 ,usan decreasing. &i An Increase In the demand fnr inin. kjVt tural steel Is reported In the trade, and ln l" qulrles which have come o hand have led P-' to manufacturers looklnc for some good. :t?lnr. Enuinmnt mnUmJa hava vi-..it.. & vretired as buyers of plites, but neverthe- ;the demand Is larger than the sunnlv nnri M".Jarjrr, too,. than tho makers wish to see. , W? vTln plate output Is being pushed In ac- t cxwuanc with the request from the Federal . Authorities so that the canning industry can r.rn ro oi pa itibb me ruiure rood .supply of the country Is concerned. '!" lror billets and tthrrtit th mi,w lo m,.u bV TnAultr anrf th A-milJtA tn .K.nit.- ' ,.'. however, contlrtue good. Pig Iron has keen further advanced, and as high at 4 itWi'V.' icjKjriB io nave Deen paid for kllRJBSB sruc. xrniio aumoriues say the de- fBl!BoontlnUel, r1'9 ttnd ' Predicting vpWmiswal, aavanoes within the next week. - ".T."" f;JFOBEIfiN EXCHANGE YORICAprU 21. The foreign ex- tarketf ojwned quiet and without xeaUttsrasIde from an easier turn u rubles and Scandinavian jMarlness In the last men- M fcKlslswHy explained, is .attribuf- riiiis;of a r rlotrn of ex- eountry to.pfeywrt sur-iU't"0riMllHr.VeHerlIna' pr,. -'. . ' - 5.' :Vi?. oW,. 4.7y 7-ie. 4.72, ninety-day Kills m ; . .ij. p,J FINANCIAL NEWS GROWING DISPOSITION -TO LOOK FOR PEACE INFLUENCES STOCK TRADING Talk in Lobbies of Exchange Is About Progress Made by Allies arid Probabilities of Neutral Nation Proposing to Act as Mediator High Points in Today's Financial News Talk in lobbies of New York Slock Exchange on probabilities of sonic neutral nation coming forward with proposition to act as mediator for peace. Stocks declined first, then recovered. Movements of prices on Curb inde pendent of action on big board. Wheat nervous and lower. Cotton higher. Bar silver lower. New York bank statement showed small increase in actual loans, decrease in average, decrease in dcnuhul deposits and surplus in both statements. NKW YOKK, April 21. Tho mnrtlal note was sounded to such nn extent In Wall street as to detract tho attention of many there from Block market trading. All over tho district the sound of drums and bugles was continuous lit connection with tho movement to wnko up America, At the sntno time, however, tho market tone was Influenced to a great extent by u growing disposition to look for pcaco in tho near future. Nearly all tho "talk In tho lobbies of tho Kxchango was about tho progress mado by Allied forces and tho probabilities that some neutral nation may soon como forward with a proposition to "net as mediator and causo a suspension of hostilities. Tho most direct InlHicnco on trading, however, had n Washington Inspiration. Tho hopeless felling, so rar ns trading was concerned, that prevailed on tho Street after the close yesterday was reflected In offerings of stocks at substantial concessions nil through tho first 15 minutes. In that period nearly nil tho leading Issues declined from 1 to 4 points, but later In the morning Washington advices that a moro favorable attitudo had developed toward corporations and indicating that there was little fear of oppresslvo war taxes caused somo buying back of stocks by tho room traders, and many of tho early losses wero quickly recovered. United Slates Steel common, after selling down to 110, quickly rallied to above 111. Marine Issues moved In about the same way. Somo of tho specialties, however, were weak throughout tho two hours of trading, with Ohio Cities Gas attracting most attention, that stock selling down from 13D to 134i. Bethlehem Steel dropped 4 points ,to 124, and Bethlehem Steel "B," after selling at 118J, dropped to 115U. The copper stocks were also weak during the first half hcur, but later recovered most of tho losses which wero then sustained. Tho railroad Issues showed n steady tone, and although there was no aggressive bidding In these stocks, a quiet demand was nt nil times in evidence. The bond market was fairly active, with a steady tone shown In the majority pf issues. Several of tho leading railroad bond issues made fractional gains. The foreign (lovernmont issues wero firm. STOCKS ON CURB ACT INDEPENDENTLY OF SECURITIES ON NEW YORK 'CHANGE NEW YORK. April 21. Tho Broad Street Curb continued to act Independently of tho trading on the Stock Exchange, and many Issues In that market made moderate gains, while the securities traded In on the big board showed losses. Aetna Explosives showed a stronger tone In connection with the progress made to rehabilitate tho company, with the stock ranging from 4 to 3'4 and tho certificates traded In at Si to 3. Chevrolet, which opened nt 93, advanced to 97, and United Motors was traded In at 30V4 to 31, There -was heavy trading ngaln In Jerome Verde, about 25,000 shares changing hands at 2V4 to 21,;. United Verde sold at 36, Stewart at U. Con solidated Arizona at 2 and Mllfnrd at $1. National Conduit was steady, with sales at 34U to 34. Submarine sold at 21 to 21, American Sumatra at 20 and North American Pulp at 5 to 5U. Thcro was a moderate amount of business In Air Reduction at 68 to 68?. Tho independent oil stocks were steady, with Cosden Oil selling fit 13?i, Cosden & Co. nt 13 to 13, Federal at 5 to 5, Houston at 20 to 19, Okla homa Producing at 10 and Sinclair Gulf nt 40. There was! no especial pressure In any issue, nnd a quiet demand was in evldenco all through tho list, which was effectlvo in resisting whatever bear efforts were made. Magnate continued in good demand, with sales at 80 and 81 cents. INDUSTRIALS Yrs. clone.. Ankcil. (imle) Hid. Am Reduction " " Am Stores 30Vj 37 37 Am Sumatra 18 S3 Aetna Explosives 3 94 Sft 3 Am-Brltlsh Mfg H I Am Marconi U'4 294 American Writing Taper 3Mi 3 Canadian Car Co 21) 32 Can Car & Fdy pref ... 70 74 Charcoal Iron 7 794 .. Chevrolet Motors 07 00 Cramp 3 Curtiss Aeroplane 17 21 Carwcn Tool 11V4 11 11 Carbon Steel o 8S Emerson Phonograph .. n 0 894 Federal Dye 40 Haskell & Barker Car.. 37 38 Hcndee Mfg 31 34 33 Kathodlon Bronze pref.. 2 294 Lake Torpedo Boat.... 8 8 8 Lehigh Coal Sales 8S 00 Lima Loco 4 SO Maxim Munitions 2 2 2 Marlln Arms 83 87 81 National Conduit 3394 3 N Y Shipbuilding 30 42 Nor Amer Bap I'ulp .. 5 S9H S Otis Elevator .. 00 02 Peerless Motor 12 14 Poole Eng 7 on 80 Pierce Arrow 41 43 .. Redden Truck 18 10 f. Scrlpps-Booth 20 40 SSKresgewi 11 12 1094 Standard Motors 13 14 14 Steel Alloys ,... 7 8 7 Submarine 21 22 21 St Joseph Lead 17 18 1794 Todd Shipbuilding 83 83 Triangle Film IV4 1 .. United Troflt Sharing... .. U S Steamship 4 R 5 United Motors 30 3094 3094 United Sugar 36V4 361 30 World's Film 94 Tfc U Zlno Concent 2 294 3 STANDARD OIL Illinois 223 228 Ohio 333 302 Pralrlo Pipe 208 303 Stand Oil of California.. 273 282 Stand Oil of New Jersey. 040 050 Stand Oil of New York. 287 203 200 INDEPENDENT, OIL (STOCKS Bamett Oil & Gas.. Cosden OH Cosden & Co , Elk Basin Federal Oil . Inter Petrol Houston Oil 2 13 13 11 9i 14 10 2 1396 13 11 5 14 21 296 13 13 11 fi 1394 20 INDEPENDENT OIL STOCKS Continued Yes. close. 111(1. A.ikcl. (snip) Merrltt Oil 21 249A M Midwest Rcf 13R 140 138 Met Petrol ty, 194 ., Ohio Fuel 10 20 Oklahoma Ref 10 1094 10 Osage Hominy 0 0 0 Rico Sapulpa Ref 10K, 10 10 Sequoyah i'A 1 1ft West End O & O 15 20 MININCI STOCKS Alaska Standard 17 50 All Atlanta 12 13 12 Big Ledge 3 3& 3 Butto Copper & Zinc... 9 0',4 0 Butte New York 1 2 Cashboy 7 8 7 Con Ariz 2 21,4 avfc Emma Consolidated ... 14 1 1 First National 2 2 .. Goldfteld Merger 0 8 Goldflold Cons 88 Goldfleld Florence 22 Goldfleld Kewnnas 15 Green Monster 1 94 Hecla Mining 794 Howe Sound 0 Independence Lead .... 10 Jerome Verde 2 Jim Butler 08 Jumbo Extension 41 Magnate Cop 80 McKlnlcy-Darragh 40 Magma Copper 47 Motricr Lode 33 Mines Co of America. . . . l-y, Nevada Hills ,20 Nevada Wonder 194 Nlplsslng 7 Ray Hercules 394 San Toy ' 14 Stewart yt Tonopah Extension 3 United Verde 30 West End Con 70 Whlto Oaks 40 White Caps 1 Ycrlngton so BONDS American Smeltors 6s.., 04 Atlanta Charlotte 5s ... or Bethlehem Cs 08 Cosden Oil 6s 100 Cosden & Co (is 103 Cudahy 6s 08 Erie 5s 08 Russian Government 5s 864 Russian Government 6s 04 Southern Railway 6s,. , 08 Sinclair OH' 6s no Todd Shipbuilding 6s ..101 N Y Stato 4s 108 New Haven 6s 0774 02 28 17 O 794 12 2,', 75 43 82 40 40 34 2 25 O 794 4 in ft 3 37 75 38 on O894 08& 101 101 0894 08 87 0494 08 "0 103 ion 08 50 2 72 42 47 33 794 394 ." 394 75 'l9 30 0894 08 101 104 88 04 CLEARINGS JUMP AGAIN Total Throughout Country This Week 32.9 Per Cent Over 1916 ' Another big expansion In the business of the nation's banks Is shown In the clear ings statement for tho week ended today. The total Is 15,923,660,685, as compared with $5,1155,010,460 last week, and $4,457. 259,979 the corresponding week of last year. Details follow: ' 1017. Nw York. cnicMn Philad'a. .. Boston ,,. Kan. City, St. Louis.. Ban Fran,, Pittsburgh. Detroit ... Baltimore.. N. Orleans. IQIft tv r JS.SIO.SIO.TBS 2.441, O3S,B0T ioTii 44,nwi,vnn aaz.um.Kiz - A4.0 8IR.HO.S70 173.82A.S22 . 8t 4 inT.Alft.ftOt P. 87.11 i.4;n,ifu --110.D S00.049.8S4 15.404.H 117.10P.7tlO 77.190.4OJ 4.88l.7n A3.912.128' 85,004.248 87.727,328 83.50,242 40.3 5ri.S10.412 .. 89.(1 45,820.045 .- 42.8 oj.lii-l.unn .- 43.3 27.018.855 X 25.4 ,15.690.410 140.5 Uda"s1".'..M.B21.7M.s0 I3.441.S79.803 28.0 l6'oaVs."' 678.481,284 408,847,928 84.8 Total of al ii A1 tal of all fCltyV'.,..l4,99S.M2.o4 I8.88;27,821 4- J9.T ClUOsta day ., 938.487,828 608,682,888 4. B8.1 Tetal of all 6(0 14.457,259,979 82.9 V -. J-i PANIC CLIA1INCS jjRMraysr) Irttfwltsasrn- MONEY-LENDING RATES PHILADELPHIA Call, 3 per cent. Time, 45 per cent. Commercial paper three to six months, 44 9i per cent. NEW YORK COFFEE MARKET NEW YORK, April 21. The market for coffee futures opened 3 to 9 points lower today with sales on the call 6250 bags. TnA v Opening, ....7.02 May .... June ,,,, July .... August .j Heptember October .. November December January . February March , ,. April .... Today's Yea'day's Close. rinse 7.85g7.8 7.080708 7.5g7.lm 8040805 8.04&8.05 8180814 8.lnSH.12 8.20O821 8.1pg8.18 8.210888 8.2108.22 8-.40O8 41 8.29g8.3(l 8.400811 8.3508.30 8.4508 4A H.ftl Sin R' 8.48AR.RO ft STAB Ra 8.B508.5II ...... 7.8207.88 ..8.10 ;i8.2o .,8.2508.28 ..H.lin ..S.8U ..8.44 .'.'8.S708.V6 n.n.idn!ii 7.03 07.04 NEW YORK BUTTER AND EGGS MRW VnilU- Anvil 11 ntfrvpn n . . 6154 tubs, Lflwer and unsettled. Higher scor" ond;. 42043c; State dairies, 44c; Imitation, 87 EOOS Jtecelpts. 81,773 eases.. Unsettled. Kitras, 861ic; storage. 35086c! firsts. 83 V SOOSSVie; mixed :; storage. 8 i. 82H f 834 xed, 34035c, e; white, 37c; brown. Girard Avenue Trust Pays More The Girard Avenue Title and Trust Com pany has declared a semiannual dividend of 4 per cent, payable Hay 1 to stock of record at close of business today.. This, l New York Stock Sales Net High. Low. Close, chge. 30 60 794 24 80 01 44 13 on 23 I09i 53 60 30 1 80 8 24 81 80 1 02 41 13 94 6094 14 23 1094 35 . 69 94 Advance Rum nr. an AJax Rubber 80 Alaska Old Mln.. 8 Allls-Chalmers Co. 23 do pr 81 Am Ag Chem..., 80 Am Beet Sugar.. 0294 Am Can 44 do pr 101 101 101 94 Ain cars Fdy Co. 03 644 3Mi ' Am Hide & Lthr.. 13 do pref ni Am Ice Sco 25 Am Linseed 1094 do pref 85 Am Loco ........ tttiiA do pref 102 102 102 Am Malt 10 0 10 1 do pref 60 50 50 T4 Am Smelting 0894 08 0894 Am Sm pr A 00 00 00 Am Sugar 111 111 111 Am Tel & Tel ....12394 12394 12394 Am Toimcco 185 184 184 Am Wool 48 Am Writ Pap pf. 42 Am Zinc & Lead,. 30 Anaconda 76-k Atchison 102 do pref 0894 All Blrm & Atl.. 17 Atl Gull & W I... 00 Baldwin Loco Co. 5294 Halt & Ohio 70 no pref 71 43 42 30 7391 102 08 ffl94 07 52 70 71 48 42 30 70 102 0894 1 1094 07 194 52 94 7fi I Barrett Co 100 100 100 Batopllas Mining, Hi 1V4 Hi Beth Steel B 118 113 11394 2 Bklyn Rpd Tran.. 61 Hums Bros 123 Butte & Sup Cop.. 42 Cnl Petroleum. Can Pacific Cent Leather . . . CVrro tie Pasco. . Chos & Ohio.... Chi & Alton r M & St P.... Chi & N W Chill Copper . . . . Chlno Con ("op , Col Fuel & Iron. Col Gas & Elec . Con Gas E L & P. 11.1 . 20 .102 . 83 . 31 . 0054 . 10 . 80 .111 111 . 2294 22 . 33 . 46 11 01 124 42 1094 1111 82 3194 on- in 80 01 121 12 80 Consol GaB . . . Cont Can Corn Products Crucible Steel do pr .112 . 02 . 23T4 nnyi B274 48 3 113 112 08 23 50 mm 82 9i 31 00 in 80 III 2294 53 48 94 4394 T4 113 1 112 1 02 23 no Cuba Cano Sugar. 43 .107 107 107 12: 33 13 13 2794 1"V'4 811 110 Pel & Hudson. Denver & R G pr Dome Mines ... Distillers Secur . Erie General Elec Co.. 102 General Motors tlo pref Goodrich B V , Granby Mining Or North pref Gr North Ore subs 30 Illinois Central... to-! Insplra Cop 64 Intcrb-Cons Cor pf no Int Mer Mar 20 do pref 78 Intern'l Paper..., 38 do pref ct 97 tnt Nickel 41 Jewell Tea .15 Kelly Springfield.. 81 Kennecott Copper. 4294 Lehigh Valley.... M Leo Ruh & Tiro .. 10 Louis & Nash.... 13194 Jinx Motor . . tlo 1st prrf tlo 2d pref Mex Tetrol , Miami Con Copper 41 Minn & St L new 10 Mldvale Steel ... Mo Kan & Tex. . Missouri Pac ctfs Mo Pac w 1 Mo Tao pr w I . . . Nat Enamel & St 33 National Lead .... 31 Nov Con C01 22 N Y Air Brake.. ISO New York Central, 03 45 122 33 14 11 27 101 l()l'j 100 88 80 40 01 31 80 .10 7 10 29 .19 .. 01 ...115 194 N Y N II & H Norf fc West . North Pacific Ontario Sliver Ohio Fuel ... Ohio Gas ... tlo rights . . , Owens Bot . . tlo pref . . . Pacific Mall . renna R R 53 Peo Gas & C 81 Pitts & West 24 do pfd 0294 Pitts Coal ctfs.... 42 Pullman Pal Car. 158 Ray Con Copper. 29 Reading 03 Rep Iron & Steel. 70 do pref . . . Royal Dutch Saxon Motors Sinclair Oil 47JN 70T4 100 30 101 53 30 25 77 38 07 40 53 31 42 05 14 10 131 41 n 30 80 41 10 nn 7 0 28 .10 33 31 22 130 03 40 128 4.1 122 33 15 12 27 181 101 Vi 1 80151 4- li 414 80 109 30 104 54 no 2n 77 38 07 41 94 53 3 31 42 0.1 94 10 131 40 2 1 94 31 1 94 . 1 ..10 .128 .103 103 . 0 nv . 18 48 .13894 134 5 5 88 115 2194 52 81 2394 61 30 158 2894 05 77 H(l 41 10 50 7 10 2894 50 33 84 22 isn 194 93 in 128 103 0 48 135 3 5 88 594 115 2194 53 81 24 62 1 42 158 ',4 ' 1 28 03 70 1 102 62 40 85 31 25 42 2 04 i4 S8 84 16 200 1 3494 1 81 00 i4 136V4 80 42 0094 13294 134 1 100 103 154 87 58 Yt 88 55 V. 03 28 83 16 207 3194 81 00 136 80 42 00 102 102 63 82 40 40 S. 5494 Seaboard A L pf. 31 31 Sears Roebuck ..175 175 175 do pref 125 123 125 Shattuck Ariz.... 25 25 Sloss-Sheff Stl & Ir 44 42 Southern Pacific .. 04 Southern R R .... 28 Studebakcr 85 Tenn Cop & Chem. 16 Texas Co 210 Third Avo R R.. 33 Tobacco Products. 51 Under Typewr Co 00 Union Pacific... 137 do pref 80 United Alloy Steel 42 Unit Cigar Stores. 100 United Fruit ....134 U S Ind Alcohol. 101 U S Rubber 8894 U S Smelt & Ref. 85 U S Steel 111 110 111 il Utah Copper 110 100 110 Yt Utah See Corp ... 20 20 20 Va Car Chem .... 4214 42 42 y do pref 108 108 108 west aiaryianu .. 21 Westtnghouse Mfg 48 West Pao RR pref 43 Woolworth .... 132 132 Worth P'&M pr B 53 White Motors 4594 Willys Overland.. 20 do pref 06 Wilson Co 75 n.T'itS" ".'" ''43.200 shares, compared with 1? shares last Hnturdan th Is week 3,095,200 shares) last week, 3,452,000 shares. LOCAL MINING STOCKS TONOPAH STOCKS ., .. Bid. Asked. MscNsmara ; 07 .09 Midway ...1., ,14 ,i Mlzpah Extension ,11 ,1.1 Montana so .23 Northern Star , ts '14 Ilescue Eula , 25 .20 OOLDFIELD STOCKS Blue Bull 02 .03 Booth 08 ,111 Combination Fraction on .08 niamondneld I) 11 1 02 .04 Daisy n2 ,04 Pro... 02 ,0.1 OS ,05 .16 21 21 48 48 43 43 1 32 132 1 53 53 45 45 20 20 06 06 74 7494 urn , Hand Ken ...,. Silver Pick ,14 MISCELLANEOUS Arizona United 38 Ttecopa Mining 23 .42 RAILROAD EARNINGS MICHIGAN CENTBAL Year ended December 31; 1916. Incresse. Operating revenue ..,.$48,418,790 $10,078,125 Net operating revenue.. 15,772.529 4,959,351 NEW YORK CENTRAL Year ended Dec. 81: fear ended December 81; Gross operating rev. ..$201,383,040 $33,672,718 Net revenue 71,846,679 13,828,090 KANSAS ClTf 80UTHERN 1917 March gross $1, 065.876 $142,623 Net 880,809 40,177 Three months' gross,... 8,142,429 631,647 Net 1,079.043 310,312 GOVERNMENT BONDS 2s registered 1930 2s coupon 1980 ................ 8a registered 1918 .,..,.,.,..,. Bid 9 OH 99 Asked 8s coupon 1918 ..,,..,,...,.,,,., .99 H1 rwaim ifa ? ft. 8 .?',. J0 lof it!,!,J,,f ' J1S ' ?', 'ii.aia4i(la.tii'Smi)J.-aiJ.'. Sales in Philadelphia Hlrh. 8 Leh Nav.. 70 10 Lit Bros.. 25 16 Nev Cons. 22 287 Penna RR. 83 80 Pa Sit Mfg 04 433 Phil Elec 4 31 160 PUT tr cfs 20 40 So Rwy .. 28 310 Ton Bel... -1 100 Ton Mln.. 6 48 Union Trao 42 80 Un G Imp. 86 3 U Cos N J.223 078 U &Stcel.lll 5 Westm CI. 7691 I,nw. Clnse. 70 70 28 25 22 22 83 03 04 04 31 31 20 20 28 28 4 4 6 6 42 42 8694 88 223 223 110 111 7694 7694 Net chs'. kta rrrvixr rpTjAnTMa r.ONTINUES TO RTtTB; ON THE PHILADELPHIA STOCK 'CHANGlg . nt Orders Are Few and Price Changes Are Without IrrJ nortance Money Market Shows Tight- i nnJnn. T'orirlonr'V 41 C111U& J. V.1IUV..VJ Tolsl sales, 2331 shares, compared nllh'L 331 sliares last SattiriMri this week, 47,188 shnresi Inst week, 03,3.18 shares, BONDS . Net High. Low. Close, chge. 81000 City 3!s 1934 reg 08 06 06 200 Elec & Peo Tr 4s ., 83 83 83 1 1000 Key Tel 1st Cs 0794 0794 074 Vt 1000 Lehigh Val cons 4 las .2003 ... 0794 0794 0794 0000 Penna Co gen 4 lis W I .... 07 07 07 10000 do con3 4fcs ....10394 10394 10394 1000 Pa & N Y Canal 5s. 107 94 10794 10794 2000 Phlla Co 1st 5s ..101 10194 101 12000 Phlla Elec new 6s. .101 101 101 94 4000 Reading gn 4s 01 01 01 V 1000 Un Rwy Inv 6s,. nn oo no , Tnlnl snles. 81.1,200, compared with $71,000 ! S''tiiruaj thli eek, fl30,.i00 l.it week, $lml,02(. Local Bid and Asked Baldwin Ilrlll J II Hurt tc Hum t c. do pref t c. . . Elec Mtoraco ... Jen Asphalt ... lu pref Kfj stone Tel , .. Lake Hup Corp Lettish Nav .... l,ehlRh Valley . l.ehleh Valley Tr fin Trf ... 1'ennslvanla ... I'nna j, ipc l'hlla Cu tlo .1 per cent do (I per cent Phlla II T I r. . Iteadlnff Ton He! Ton Mln union Traction , it ti r tr S Sleel iork llwy tin nref Cramp t c Todav's Itlit Asked pref, pref, r.2 . r.s . 52 . 1'1'J . 83 . 112 . 121 . tllVi . 7Ht . ll.Vt ' 3,2' . 4.1 . r.s . ai 14 . 31 . :i.- . 37'.i . I'll . :nv, . I '4 . ON . 42'4 . WIS .IM'a . 1.1 . .174 . H" r.2' i mi .13 11:1 21 ni 1:1 211 hit nr,i 811 4.-.'i 31 k .III :i- 3X'l -ii;,i II.1U 4 tlid 43 K7' 111 1.1W 3N'i h!) Yesterday's Hid Asked 12 2.1 12J4 His 6.14 2.1V4 ir. 83" 4 31 '4 .11 3.1 7'4 8J4 tl.l'4 4U fl. I2'i MP, 111 ir. 37'4 87 liu .13 13 21 If 13 2tl 711'S llll3 2ll 4.14 M'a 31 .111 211 H.l'i i 425 (.7 3S' sn New York Bond Sales 1140000 AiiBlo-French 5a in", 1 moil Am l'orelsn Sec .Is... 113 3100(1 Am Tel clt 4s s 820(1(1 tlo ,1s IMH, 40IHI Am Writ Paper .-.3..., HU initio Armour Co ihn US', 13511111) Atchison (ten Is HIS loon Halt Ohio 3'4h III' 7111111 1I0 5s 11711 211(1(1 II k () S W 3',-aH.. .. hh 1II0II llelh Steel rfd 5s .... !I!1J, looo Hraden Copper lis. . . . WW :iiiiiii llrookn It Tr .Is H7'j 2110(1 Can tiovt 5s 11)31 !lll, iiiiiio Cent Leather 1st .".. li'its 9300 Chill Copper 7h l.Wj 8000O Chvs & Ohio tonv .Is.. I.il'i r.tl(K) C & Xn del, ,1s 11)83.108 xotio t'hl II Q rep 4a mil, noilll Chi il & St P 4s 1112.1 2ts 31100 ilo 4 7 80000 tio eonv ;,s l no h.'.noo City of Paris lis .... I1114 3000 Chl llya Co r.s P3J 7nnn Detroit United 4'4s.. KS'4 4000 DIs Secur Corp 5s.,.. till lOOnno French Hepub nUa. . .10(04 4000 Interh .Met 114 s 1(1 3000 Inter Mer Mar Us 8'i 2:i00O city of Lyons (Is imiV 5000 Laclede (las 1st 5s. ...100 loot) Lk Sh deb H 11188.... P8'4 4(100 tlo deb 4s 11131 ml, inoo Louis tt Nash 4s iil'i 400(1 Lex A E 5s Ill)8, looo City of Marseilles lis. . pin, .1000 Morris & Co l'4s 1111, 1(1(10 Mln St V S H M Atl 4s 115 4(10(1 Mldvale Steel n P3 4'4s. 0s.. . (12' . 110 . OH . S(i34 .107 , DOT, M DO lion 63 14 Hit 117 1711(1(1 Mo P.tc w 1 4s 8IIOO Mo Pac ct Is 10011 N Orleans T 4s .... 7000 N T C & H 314k... 20.1(10 N Y C & II 0s 8000 N Y City 4s lfl.1!).. Kind N Y (las H & P 4s. 8(100 N Y Tel Ken 4!4s.... mono Nor rc is 3000 do 3s 21100 Ore Short L 4 until) Patlllc Tel 5s 34IKKI l'cntm Ken w I limn do 4S 1IM1I1 . 100(1 ilo tn 4V4 . noon Pere Mani w I 5000 Keadlnc u-tn 4s 1000 Hlo Or & IV 1st 4s. 1 lion St Louts Swn Ss,... (10 lilOOO South Pac 4s S3 laoon south Pac cv 5s inn 3.1000 South Rwy 4s 8H loon Texas Co cv 0s In34 Rnnn united Smelt Kenning. inti; 8000 U S Govt 3s 100V r..innn u s Ilubber r.s 884 800n U S Rubber 6s 1011 noon u K nf g n & I .is... 07'4 ntnon do nUs mis ton annnn do fis inin ncw.,iniA innnn do 5tJs mm n7N 1700O do 54s 1021 1 n4 2noo Va Car Chm 6s ion. 13000 West Union 4Us.... 0214 Low, H47, P3 SHi,j IMS MT n.ili 111 Pl'4 117 HNS DOS iml4 "', linS mi's 12.14 ixi'.i 1(12 nn1; P2 S" 100 H.1T4 11:1 M',4 tin loo?4 6(1 II8'4 I'd? 1(111 1124 ni 4 11 1 3 wis wis P14 11.1 024 II2S lilt IIS 804 107 W'Ts S3 nn iin'i 1134 s4 1111 mi'. 014 ni4 n-'i 1171J 1131, nsij ms m; ..'.4 til) R8J4 wiS 68 I034 104 ions; 8RW 101 lj n7S mnn lniA n7S nns inns 024 Close. H44 P3 ssS WIS Ml, 1134 PIS . IMS 117'i ShS wiS WIS 074 1)11 wis 12.14 nn'.I 1112 nn1; P8S S7 100 111114 3 834 61) inns nil 112 WIS loo B3 ms lifts wis IH4 11." 113 62S III) IIS Kn4 107 Dii S3 nn win 634 SI'S III! n7 1)14 1I7'J 11314 ?54 nn' MS wiS ns ins 4 ini'i jooS SRS KH'i n-s inn A 101 a 07S nns inns 024 ,.T&! ."a,fl, 81-871.000. rompared with $.. NEW YORK BANK STATEMENT Sharp Falllns Off in Demand Deposits and Surplus NEW YORK. April 21. The New York bank statement this week shows very plain ly that money Is being withdrawn from In stitution for Investment In the Govern ment loan. Demand deposits took a sharp slump, as compared with the previous week. Surplus, at the same time, showed a marked falling off. Loans, s.i the other hand, gain ed slightly In the actual statement, but de creased about the same amount In the average. Details follow: AVERAGE Loans .. $3,673,528,000 D$'sil"i00 Net demand dep 3,708,4fl2,onn 34,452 000 Net time dep 197.0R0,0nn 4 603 000 Circulation.... x 28,710,000 49 000 Res. own vaults.... t47t, 617.000 24,827 000 lies. Federal res. bks 220,i3,nnn 7 049 000 Res. other depos 61,981,000 5 680 000 AuKregate res 784.861.000 81 287 000 Res. required 639.578.980 8 818 820 Surplus 114.782 020 "4 47? nsn tOf which $420,251,000 Is sJecleY -'473'080 ACTUAL Loans $3,689, 132,nnn $598,000 Net demand dep.... 3,fl90,R0n,noO 18004 000 Net time dep 201.910,000 7,065 000 Clrciflatlon .28,1151000 50 000 Res. own vaults..... 1469.784. 000 11,281 000 rtes. Federal res. bks 220,528.000 1 6o4 000 Res. other pepos 62,320,000 1.826 000 Aggregate res 758,038,000 11 864 000 Res. required 637.788,800 3 943 000 Surplus ,. 120,899.200 7 9"0 40n tOf which $418,245,000 is specre. T',-0-'0u Increase. OUTSIDE BANKS State banks: Loans Investments.. $131,178,900 $9.776.R00 Oold 61,240.000 9,281 BOO Currency bank notes. 24,138,900 687 700 Deposits 584.807.000 12,807 700 Res. on deposits 184,452.100 18 689 200 " 5 ""cent re,rve 28,1 er decrease, TRUST .COMPANIES Loans. Investments, , ,$1.836,806,800$22,230,90fl Reserve on deposit... 457,607,300 5.607'7OO Percentage of reserve, 28,8 per cent, in. changed, STATE BANK AND TRU8T COMPANIES NOT REPORTING TO CLEARINO HOUSE Loans, Investments... 805,888,000 $8,830 Ann itsiiw.jt:: ""' Bifswsss ..2".tqo tuitil UDiyuait net aei Reserve Percentage crease. s.t Decrease. l.aanv, invesiiiieiiis, , .l,o.to,av(l,SUO'I22.230 900 Gold ................ 170,345.100 8 803.000 Currency bank bills., 18,572700 MiS inn Deposits 2,300,010,800 35.154300 ency bank notes,, 11,203.300 500 ion il deposits., 1.047.244,900 MMSOO deposits......... 869,664,600 6,58,1, to irve on deposits... 258,881,900 1025 600 sreentage ot reserve 81.7 per cent, de. BAR. SILVER ''.Tt." 5. H'gh. Los . . , . w,tfiT' "' nil, mWU LOW. New York (etnts) 74)4 74 73H 79 71S London t.psncs).. 87H' 87 rV 8A S8rV 85H PAmmaisslal allnra' tlil ',4.V wavsb against -261 last wsslc..JU- tWprs&Ilnsj Stock market operations on tho Phila delphia Exchango remained on n small scale today. That there were few orders In tho market was shown by the fact that tho market did not open until late that Is, there were very few stocks quoted on the tape directly after tho opening at) 10 o'clock, and It wbi not until well on In the first hour that the ,tlckcr showed any life, and even then the number of stocks which appeared wero few. This condition was to bo expected In view of the action of-the market all through tho last week or ten days. Tho Street con tinues to wait for the flotation of the Gov ernment bond Issue, nnd thoso with any Idle funds arc keeping them unemployed so that they can put them Into the Govern ment loan, In this connection It Is Interesting to, give some consideration to tho present condition of tho money market. For tho moment the market Is dull, this being the caso all over tho country, more or less, but above all thcro Is an Indication of a little tightening. In New York during the last week, for In- stAnrsi. the rnfA fnr nail iama. . VI ' -- ----- " tj. rose t I I ner rent on two orrnslnna m.ui.l. . w .1 highest since the latter part of FebnnMZ'i This may be said to bo tho first r.i .F''i of tightening In this class of accommod, Tho changcs'ln prices were without i ' portanco and meaning, the trading emV ; representing tho business being done, bv it!!! nrnfaealnnnl filament In I.m .......-. ' ln-t . ,,. w.vu.w... .v...w. ... i,lu uittritei, ftk 1K public was not In tho market to anv W7.' It was In United States Steel rnnL-. w & usual, that tho largest trading took ul'seTi and at that It was not na active as nn J'ii mer days. Philadelphia Rapid Trn.iM trust certificates gained a little, while Ur,i ( Traction held unchanged. phi ...H?!7 Electric got to a new low for tho last i. -years, selling at 31. l ,wf Tho income account of the Tonopah Mi Ing Company and the Desert Power Tj Still Cnmtuinv for tho mmria. .-... " ruary 28 showed net earnings of ii ... against $140,170 In tho commt'I. 'it- quarter of tho previous year and JlBiijft In 1915. i.JT x, NERVOUSNESS RULES CHICAGO WHEAT PIT Commission Houses Order Con servative Operations as Mar ginal Regulation Talk Grows WEATHER CONDITIONS NEW YORK, April 21. Advice retched nt the Weather llurrnii this morning Indi cated the follonlng iimther conditions: Temperatures High Low Canadian Northwest .......clear 36 24 Northwest clear 48 30 Middle West prpn. 40 3t Southwest clear 62 30 I'pper Mississippi Volley. ..dear 86 46 Iinrr Mississippi Valley ..prpn. 74 60 tlhlo Valley pepn. 54 42 The following precipitation, In Inches, mis reported: Untile Ford, .01: Omaha, .18; Lansing, .20; Toledo, .32: Detroit, .31. CHICAGO, April 21. Prices for wheat continued to move feverishly today, and the feeling was nervous. A tendency down ward In the early trading was followed by a sharp rebound In May and an upward trend In July nnd September, with reces sions later. Commission houses ordered conservative operations, and there was further talk of marginal regulation of prices In order to discourage frenzied buying. May ranged from $2.33 to $2.32 at the outset, compared with $2.3G at the end yesterday, nnd later jumped to $2.37, then receding l'.ic. July was quoted at $2,01 to $1.08 at tho start, against $2.00U at the closo yesterday, and later sold at $2.01's, then sagging l',4c. September opened at $1.7894 to $1.76, compared with $1.78, yesterday's last price, and, after touching $1.80, declined 2 cents. World's shipments for tho week wero ex pected to be moderate. The market at Liverpool Is firm with tho Continent absorb ing. The receipts at Minneapolis ami Duluth today were 213 cars against 384 c last year; at Winnipeg, 514 cars compared with 621 cars; at Chicago, "49 cars contrasted with 92 cars. Corn and oats opened easier on liquida tion, duo to predictions of n larger move ment from the country, but these cereals remained firm at Liverpool, The receipts of corn here today were 130 cars and of oats 228 cars. A prhato cablo said that of tho area of 9,100,000 acres in Argentina 4,300,000 acres had been abandoned. Tho yield was esti mated at 58,000,000 bushels, compared with official Indications of 72,000,000 bushels. Leading futures ranscd as follows: Yes Wheat Open HlKh Low Closo close May 8.33 2.3NW 2.28 8.31 2.3114 July....... 2.(11 "iiiif 1.1164 i,R ;,, .September. 1.7M4 1.80 1.724 1.70'4 1 78 Corn (new delivery) ?', '!- ''-' 1.38!i 1.40itl.44i .';. L4 1.40 1.35 1.364 1.4(14 faeptember. 1.32 1.32 1.28 1.30 1 324 6.14 63' 4 .VIS 63 644 US 624 544 54 S Oats May 6 IS July 63 September. .VIU Lard- May July... . Septembi Rlbs- ' 10.13 10. 55 111.4.1 1n..15M0 6.1 July 111.77 10.80 1(1.77 M0 8n 19 So September. 10.80 111,87 19.80 10.87 loioo May 30.30 30.52 36.20 30.52 136 60 BidV-ix.kei0 3n53 "- .5 f'M3 20.60 80.7.1 20.02 20.7.1 on . "f'-iJJ n-,,r' -'R- 20.9.1 SL Tiber. 80.07 81.08 20.110 21,02 '21, 6.114 634 55S 77 00 07 LIVE STOCK QUOTATIONS CHICAGO, April 21. HOGS Receipts. 9000 && ,,TM? rohi .il ,T!irbu,,ir,V5.4,n,.tTn,n-85i ".& CATTLE Receipts, nno. Market st.sriv U'inW,',0'.''.0 9nrt '"n". $7.5n18; Texan? r,if.n.2,".'.-B,V ca'ves. $in.50W12.25. "Ians. ,i.ynR.PIrc'"ltt,'i ,onn- Market steady. Na. tke and western. $11.5014.25; lambs? $12.40 COTTON IMPROVES; supply is small;! Demand Increases, Following II r irm oiarc, ana selling la More Limited COTTON BELT WEATHER COXDIT10VS NEW YORK. April 21. The follow's. temperatures ere recorded. In the cettes belt this morning: Fort Smith. 46i okla. hom, 48: Shreveport and Little KeekY .8, Abilene, Son Antonio, Del Klo, MeioHs nnd Nashville. B2 Vlcksburg, 861 Merlduui Birmingham and Chattanooga, 881 Knii' Jllle and Atlanta, 60: Montgomery, ' oSvS ton and Corpus Christ , 62: New Orlias. nnd .Mobile, 04t PensacoU. JlkcoS Au"ul! Thomnsillle nnd Raleigh,. 60: Jacksonrlh. Ch'nrTe".": 7V."m,nt'on ind WSaffiTSft There was"'.01 Inch of precipitation st Fn'ih"0??0' .".. ,nch at Birmingham" .14 Inch nt tttiw Orletins, .IB Inch ut ('onin. Chrlstl and .70 Inch nt (ialreston. ", NEW YORK, April 21. sV firm tone wu suuwn m mo opening 01 tno cotton market) nnd, although May was offered down by a trader for a nct loss of 1 point, the other months recorded advances of 5 to 18 points. Liverpool was a good buyer of July and ' October, and Wall Street and spot houses ' bought moderate amounts. The supply was small, coming from com- mission houses, traders nnd Southern Intew csts. After tho call May rallied 5 points, July moved up 2 points further and October ad. vanced 6 points, the demand Increasing, whereas the selling was moro limited. The weather map showed rainfall during tho last twenty-four hours In southern Texas and at other scattered points, but It ' was generally clear this morning with tha exception of partly cloudy conditions in Ala- " bama, Tennessee and Georgia . Yest. close. Open. High. Low. Close. ' .May in..io 111..11 m.ss in. in n.78 3uly in. 13 111.12 ln.44 10.18 10.40 October 18.(12 1N.nl 18,35 18.nl 18.211 December ....18.0!) 18.1S 18.38 18.13 18.88 ' January 18.18 18.8.1 18.38 18.18 18.17 March 18,48 18.42 18.42 18.42.' Spot ln.8,1 20.1J, Cotton Buyers and Sellers . NEW YORK, April 21. May Newman and Hartcorn bought ; Hentz and McFadden sold. July Scllar, Schill, Hartcorn, Newman, Jay, Downs and Gilford bought: Burnett, Hyman, Wilsonv Rosenberg, C, Hicks, Mc Fadden and Rlordun sold. October C. Hicks. Mitchell, Cardflia, Downs, Hooper and McFadden bought; Royce, Rosenberg, R. Hubbard, Martin and Wilson sold. December Hopkins, Montgomery, Henti and H. Hubbard bought; Rosenberg an! Brooks sold. January Robert Moore and Montgomery bought ; Russell, Rosenberg and Lowensteln sold. March Guild and Parrott bought; Hicks sold. Cotton Statistics NEW YORK, April 21. The statistical , sltion of cotton is as follows: , , ... ... This w'k. Last w'k. Last y r. Total vis. supply 4.2n8,3no 4.367.276 M40,407 Of which Amer. 3,288,800 3,415.276 3,777,497 TApVll "sO.'.'f1?! 11,158,704 11,010,181 10.607,318 DIVIDENDS-DECLARED Gaston. Williams & Wlgmere, regular quar terly of $1, payable May 15 to stock of record Stewart-Warner Speedometer Company. rW lar quarterly of 1V4 per cent on the comnwa stock, payable May 15 to stock of record April 30. Granulated Sugar Unchanged NEW YORK, April 21. Fine granulated envof. I. iinMianp.rl with American Sugar Company quoting 7.80o and other reflnsrs; out or tno marKeu ine jaoi i.m -1 Cuban raws was 6.27c. FULL WAR INSURANCE The INSURANCE COMPANY OF NORTH AMERICA is prepared to bind insurance-protecting property 'bwners against loss or damage not covered under fire insurance policies, viz: War Invasion Insurrection Riot ' , Civil War Civil Commotion including Strike Military or Usurped Power Bombardment, whether naval or military, including aerial craft (hostile or otherwise) and bombs, sntells and (or) missiles dropped or thrown there trom or discharged thereat. Fire and (or) Explosion directly caused by any of the foregoing; whether originating on the- premises or elsewhere. iix!rurmie e Conipati- oF NORTH AFRICA PHILADELPHIA Downfwn Office 1 1 TUriWlitttv. - v . n.. -. " '4.7Vl y ffsws yiM4 I .t 1 n'f, A-f IM'-V, 4K es-nair eii L.lyM4;-Vi- A J . rjr-i" ."!. a-' -Wv.l
Significant historical Pennsylvania newspapers