'-$ A -V i EVENING VVtitlt LEDGEE-PHILADELBIA, WEDNESDAY, MMA'KOH -I'.'v T 27, 1918 NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES IT" W j v , r F . t ta .J f I w - "If vnu are Interffaterl In I i Government Bond i Foreign Government Bopdt Railroad Bond Municipal Bond Public Utility Bond Industrial Bond, or I ft- Short Term Note our various departments, each specializing in one class of se curities, are at your command. "VJirii rtmnHna offcrtnos or in formation picas) mrolloa FU-lt7 TheNationalCity Company Ccrrtittndnt Oficti frt II Cititi PoOWelpUt 1421 Chtitut St. Telephone 555 Locuit Bntdfihori 7erm Aotet-Acftptanrr INVESTORS- BUY MANY ISSUES IN NEW YORK STOCK MARKET New York Slock Sales II lull hiskn. Junriiu 1 All a.Clinlnior. on-;. Strength Prevails for Nearly All Dividend-ggsl,!jj J 1 I" - . . 1 m. - I lilt .. m...i , raying snares Strong Interests uon- ; fident in War Outlook . LnSUU., " ? .Vm Lncomotlvo 11JI4 Am Smelting . . till Am S11 Toll .. 111 Low 1 711 III 1.1 -i lniiVi lllfi , .(II '4 mm firi Points in Today's Financial News Speculators u-crc held In check on Xcw V01A: Stock Uxchangc anil investors bought many leading shares. Dlvtdend pnyei 1 hliihcr. Cuib bust' ncss continual dull. Grain teas firm and cotton Irregular, foreign ir change Inactive. Improvement uas reportid In cnnl inmrinciili from Pittsburgh district. Schedules ucrc filed irlth Interstate Commeice Com mission for increases In class and commodity rales on Unfile from .Imci icrtii jioIiiM to Canadian destinations, liar silver uas unchanged in .Yew York and f.ondon. F V w ?' w 1 lv rt " a r& ODD LOTS A SPECIALTY (Athlri under 100 shares) Railroad Stocks Copper Slocks Equipment Stocks Aro Worthy of Special Notice Send for our booklet on the PARTIAL PAYMENT PLAN Hughes & Dier Vernier, j ccaiM? 'MS. 1435 Walnut Street I' This Week's Market Forecast Contains an Article on the BRIGHT PROSPECTS OF SILVER Silver Stocks Railroads Coppers Equipments Sent l'rco on lUquest Hughe! & Dier Member I J'hlll Htoik l.xrhanns Memixra j ch,CHa.0 J)oar,, ot Trad0 1433 Walnut Street I w BARNETT OIL & GAS CO. Producer. Itetlner ami Distributor. with an output for its full capacity which Is belns "ell'.ered to their own tank cars, through their own pipe Unci to their own established re. tnery ot 2100 barrels da.ly capacity. Full Information onrequcst. Morton R. Alexander Philadelphia Stock Exchange Bide. tl llllam St.. N. y. n. New York. Match 27. Speculation was hclil lu cheek on tlio stock exchange ns far an bull I't operations were concerned In tlio general list, Imt Investment bulni Increased In volume, with Investment Interest Kcnerally regarding tluvwnt outlook, with confidence mul tsclzliirr on every opportunity to add to their holdings-, when the market showed 11 tecedlng tendency. Tills demand made many stocks strong, whllo some of those which wero subjected to concentrated bear attacks declined, with the strength pi cv ailing In nearly all tho Important dividend paving Issues. The speculative element continued tu wait for further news from the rrcncli lighting lines, but there was no Indication of any prestiro on the market generally, and advances easily lesultcd when model ate Inlying appeared. Tlicie was a bpcci.il demand for tlio ialla equipment stocks, with American Car and l'oundr the most prominent feature of the trading all through the day, that blink advancing more than I! points to 78).. and It was followed on flu upturn by ttalduln Locomotive and Crucible Steel. Tho leading rnllioad stocks also made good advances, with Heading tanging fiom SO to Sli, and Union Tacllle moving up from 119t to U'O'!;. Pools wcic actlvo in Industrial Alcohol and Distilltrs Secaritles, thoto stocks making substantial gains lu the early trading and maintaining a. strong tone throughout the day. Marine preferred rcllected disappointment over tho falluie of tho dltei tors to act on an extra dividend estcrday, and the decreased earnings shown lu tho report for 1317 also Induced some selling on theso shares. Uear energies were generally concentrated against Studcbakcr com mon, which has been the object of bear attacks ever since tlio publication of its annual teport, and todav's maikct found It without support, and its pi ice broUo more than 3 points, to below -10. Trading In bonds was far smaller than vestcrdai's high record, witli tho market for Liberty -Is more orderly, that Issue Hinging from 97.62 to 97 30. The 3H were fairly well held, selling from 9S S4 to 9S.CC DISPOSITION TO AWAIT WAR NEWS CAUSES IRREGULARITY ON CURB Unusually Wide Fluctuations in Chevrolet Sudden Drop in Hurlburt Motor Some Oils Show Better Tone Mines Heavy New ork, M.ucli 27. 1 Tiadius on the C111I1 was restilcted again today liccatc-o of tlio general disposition to wait for news from the b.iltleftont and movements of priced were Irregular on 11 small volume ot business. Chevrolet had Its usu.il wide fluctuations, selling at IIS to 111 on 11 few transactions, while rnlted Motor was steady, ranging from 2C?i to 2C'. liuslness In the alt piano stocks lias be in vlttually killed by the de velopments in Congiess, Indicating an absolute falhtiu to produce ali craft in compliance with (iovcrnment contiaets, and the showing made was because of generally unfavorable comment. It was late In theliftemoon before a salo of Wright-Martin was made, that stock then selling at 7'. A feature of trading was a. break In llmlburt Motor, which had been held for qalto a while around 19, but diopped today to 12. with the sudden change In maiket position attributed to the dissolution of a pool. Some of the oil stocks showed a better tone. Houston advancing :s points to 45, and V.'ldwest Itellnltig moved up to 103. .Mining stoiks were heavy, with Magma traded in at 37 to 3C, Nlpisslng ut S3 and Si and Ulg Ledge at 1. Aetna i:plusivcs sold at Si, and b'- and Subroutine at 12 and 12(. i.miki'i:mii;vt oil mocks t ont, .vm micci Kd 11.114 m .-ugar . , inju Am Tel & Tel. Jim?, Am Toll ... 1,14 Am Wool . . 5 1 a; 11acnn1l.1 . iiji), Alchlscn . . K.n, do iirrf si Atdulf & v j.inj IJnlil Joio Prt rAi:. lint... r. rt.. -' ' 1 ln pief . Deth M..el Hclli Stpol It do S pc prif itra ii.ip -rr.in Htniis Hum Ifutte ('.. 7. Co C.ll I'Mlol.Mjiu iinnnian r.ic Sili ..4 :!ii IIIMf, .Tl J J 14 ivyt i;ri Lint I.eatlirt . 11 ji 1 erro He raseo .Id '4 Chandler Motor HI 14 it'lies & Olilo ,1IJS, I CIU Ot West pf Jiiii U'hl M & St V. II C 1 do pief . . j 1 14 .Cli It I &. I'.icti lint do I! po pf t c Al), 'In 7 lie pr t c dl", Chile Cuppct i.-.i I'liliio Con C(ii 1014 Col Kucl & lr as Col Has & die :ini(, Cimnl Has . ; Cm a l'mci . s,n do pref n; Cut. till,, st.il. lit,, i'iiIm Cn 111 M11; ',"ii.. 1 Pump Mini's . an, I Pistil s-eetir .. 111 , l-'rl ... . 1.-. , do 1st iirrf . 1 'In Id in if '.'a least Williams :u lit II lllce Co. . I.IJI4 Hon Motors . IKH4 'It Northern pf s'H, 1I0 Ore subs , Insplr Copjiir . -, Interb-Cii Coii ; do pief . , 4l'h Int Mrr Mar -J.ia, do pi if . Ii. ', Internal l'aper :un, Int. rn.it Xkki. jk Kan City So pf 10 ), Kiirn Copper . ltd i, I.iIiIrIi Y.illex , 5JK. i.ouisi .Niith.il j t no i', i niH lata HI)'), 01 mini lOOVi JAIHi, .11 mn', SI 1 1) -I ;i .-.j '4 At V.1'4 77 JOOtf, 314 til'i "V. Mj IH5V4 Il.tVi :in4 nl' an 'A s'4 4'l :i Hi'! '.V!. I,-. 13 III 14 a; :tii'j SJ :iv a; 11 j'-. to 11 311 a 1 l.Hil 14 IIMl. Hxn SB 14 1 1 '4 ' IP!, -M'4 IHI'h an J7' in i :io 'h Net Old 1 ililt mil V, la's. . I0DM1 '4 !Wt'4 1S nii'4 ai !!?; I'U mi',, l'IP, 10014 1.12 .1l4 J'!. ft'lli HI 10ll'ln ; STRENGTH OF P. R. T. CERTIFICATES 1 I IS FEATURE OF LOCAL TRADING? u ff. 14 1" 114 If. ai, V 1 f 1' 1 14 .11 :u'4 7H 101 an 14 I i I '4 l:i'4 H.l',4 .11114 HI 14 soi . . 40', 71 '4 I!) .. nij, i r.s 14 i 1.1 1014 r :i" iio'4 h: in'. in 1.5 1, snVj t M III 1.1 4 1 14 1 '(. 4 jo a. 1 l.i J '4 11.1 HIP 4 S0. n 11 ' in, !H !ll :io 2H mr. ill) 14 Ma .Motors do 1st pref May Upi Mores Me I'ettol Ml mil Con Cop MH1h.1l.. . . . MIsguiI lac . do pref . . Nat Com & C Nat 1: Mpd.. Nat I ,(.ii N'cv 1 'on Cop V V I'ential . Ninth I'acllle . Hlilo lias . ntnrlo Sllier. Pan Am J'et pf IVnn.i It It . . I 'eo lias . C. . Pitts . West . Pitts Coal . . . IMeice Airow I'llllmau l!v Ml .sprlm,' . do Ptff ll.iv I'on Coi lit.idlng . Itip lr Mir do pief Ituvnl Date it.. Saiiige Arms . . m i. s r 1. . S.abd A I, pi . Slmkilr Oil . 'Soutlioni l'ae . Southern 11 It. . do pref . Mndcb.ihcr . . . do pref Tenn Cop & C TeHH i"o . Toliaico Piml. Colon I'acllle I a cigar Sirs. ' I'll Itv Ini pf. i I' s. Jn.i ,iro U S Kuhlur . I 11. i isi pier INKL'STItl VI.s T41 vt W. it ij. ir lv.' z? & wi j1 V ri;.ians Kin roai auu llirp i tons. Uxtellvnt rtaKons for lliiiir. C. G. PAUL .No. "13. Oilier lliilMins I'lttslinrcli. I'.l. niBKrTOKV OFCf III NT VMS Ortlfled I'ulillr Afeoiintiiiit'i Aetna i:ploslos. Am-Hilt Mfg... . Am Marconi . I Am Writ Paper. Air HeUuctloti. . Canad Car Hid R'i 4: atilpped from tlin mln last nr HKI.uuu .Canad Car &. l''dy pief .iH r. 'Charcoal lion Hi i l.i o '.' 7'i HO a to l . About fix thousand (Ooo'll aires of I'ltti. burrh. elht (si foot le n In l'alrmont District. Went MritlnM. on 11 t (!) n.ii. road and ilone to VVei"lern Marjljud ltull road. l.iulpmeiit utrletly Inch .l.im ....a t S,,..to-date..l.n "lei" particular Mini eoit ti .Jully One Mill on l'iio Hundred Thousand 'j . .... uinif ..u.i.r k' 3 Chevrolet Motois Cram) Curtlss Airplane. .. . Cam en Tool Carbon Steel . . laneison I'lioa . . . . Uenilee .Mfg Inter-I.ube . . . K'-iilimilnn llron pref , I.AWHENCK K Iir.ovVN & ro. i Lake Torpedo Hoat.. 18t.1 ltriAI. i:sTATM Tltrsr hi.imj I t i,ibi, rAil Sales . .. WrVBSTlUATi: AIMI'ST InT.N'KllhlHP J-f""5 , ' ?,'U coRPQKATiov it iMPTi:n MuSn Jinuion-.- ::: Oeorge K VVatiion I' '. A ' Marlln Arms lstli Kloor. Ileal Kntato Trust lllds i N' V .SlilpbullillnB . . . . , Audits. Tux Reports ;ur m I'ap l'ulp . . . ' Otis Klevator irnu. ini'niTiiriiivTu i retries" .uui.n H 44 :i'i a nvi nTisi:vu:N'Ts ' Poole i:ng ifr K55r,;s'I'Ari:uFllAN.V,H j.oNiisTHHTii i ltedilen Trutk . V-! ' ? CAKI'1-..NIKK. Uecea.ed-Letter, tes. Scrlpi'S Ilootll . . , i ' tamentary on the ahoie tstatn havina bean H S Kresue w 1 . V'touht i'omi'anv. oc piur.DELPiVi.r h'an.,i'l.r,l.: .0,or . 1 tit't IiiiV. JT. .11 au.r.. inAl.i.l .T. .1 IT..''" IAi '&i A nautiteu to mki ruivnunr un i iw.... t:. W. lSS.:i?'. ','r.'rn', i'T. '!'."': ..w!th?ut w-.s. . ...w -;...-t u. n.u ..iiiuany. j.rj .s Steel Alios s Submarine St Joseph Lead . . Todd Shipbuilding TrlaiiBl" rihn . I'nlted IMotlt Shar V S SSteamsniJi A ,nesiout St., j-miaouipm i vv A ti A V president. V--.L m-- JNTITH III.. I M'lV.iu i, ...."TT . r - Kff da.rd - lx.t7.rt "iein entary' on ' Kn!U1 C "'T 'H ,th aboia rststo haMnif l.een Bra nil it.. Ir2 i I'nlted Sugar . V .Widerahroed. all persons Indebted "th. said I World Film '-, jKu r,l requested to nake pajmenl, and I Wllght Martin l v'l8? hajtnir claims to present the' same. yini I'niieent . rt.2wlUwut deUy. at tho oltlco of th ! ,'lliz Content I ll'i 40 ii ti i.t i.'i ii 7.1 Vow . !... .0, tial.'l I K1 K I Houston Oil I .Merrltt oil ' 3'N I Midwest till '! ' . . i. Met IVtiol 7H i Ohio Fuel in '!1 i Oklahoma Uef . . . 1.1 i.O Itlce Oil Hli . rnlted West Oil .. 117 HI Sapulpa Kef Ht . 'NVinioiah 3 , Sinclair H z .. H". .. MIMNt. 'i Alaska htandaid .. IH .. Atlanta Ulg Ledge Hutto New York. . . 3' Con Arizoni Hi U "al ,L Jerome Ill . i.'rst National . ... lioldtleld Merger .. f.oldtleld Cons (ioldlleld Florence . Cioldllelil Kewanas taiteu Monster .... Ilecla .Mining Hone Sound Indipiiidence Lead Jerome V rdo .... J Int Duller . . .lunilio i:tenslon . McKlnlev Darragh Magma Copper . . . . Mother Lodt . . . . Mines Co Amet . .. Nevada Hills Hid 1.1 IH'4 !)i 'j VI 'j 's I 13 Vti. A ik 1.1 1HJ', tl.1 111 1h ll It! f'4 I'i II 1 14 V t.1 1.14 on l.i in 8! 1.114 13 H II V I III 7H I'h S'l !i 30 1h 4j a :. ..' tlon tcutwr. vm fhentnut m . I'hiiaderDhia i ii vil'v iir tiiu THE PROVIDENT'l.IKn AND TFHTST COM. ' tlllnnlM PANY OP Pim.ADBr.rHIA. I "lnolH ST.M.KI 14 on. 14 111 ' 33 l'l 114 '-Hit ASA S. VVINQ, ITSItlent, Kxecutors l e ."' ' i DIVIDENDS DELAHED V.S Itlver Plate Commercial Compan, regular ' c aemlannual of 4 per tent on tto preferred rtj." '". ." . 1 V w estlnjhouse Kreitrle nnd .Manufiiturins tvCompany, regular quarterly cf 1, per rent iwsTy1 "nnoii nd preferred Preferred dill- IP KSSprlL',. an.? .common April 3D to stock uf p ,!tsf record April 4. ! '' vr.vtti.. ..... .... .v.. w....t. vr f-yvvi 1 ..rporniion, recuiar .tasurterly of lt.i.1 a share naiabla Ailrll VtJw la holders of record Anrll ia'uu"" W" ti 5.Dnlon Nstiiral (las Corporation, reirular I I""""'' ' 1 a share, pajablo April L'O to .- ..,... -- .-.v. ..... . April A. I share. aTcrnni ias anu i.iunt company, otdars of record March Sd. riuar. April 1 Ued Itallwata and I.'leitrlc C'omDanv altlmore rcaular quarterly of ;,ov per . on common, payable April 13 as regis. ; 31srcn .7. ntlnenUI Reflnlnac company, monthly end AI I Mr pnl nn ftxntmnn .....in H 1 to stotk of record Marth 30. arbon fteel Company, reau.ar quarterly per cent and the usual extra of 2 ir : ou common, nayabla ADrll '5 in hnM.m ' record April 10. aufacturers' Lrsht and Jleat Commny. auarterly or 'J nee p.nl ti...M. 15 to holders of record April 1. rls Urlck Company, rexulnr quarterly per cent, payable- April 13 to holders am April s. uook close April 3 to jusive. r Mufar f?orDaraflon fiiiniunv rv... 1 cuutrtrrly of IK per cent on preferred, table May 1 to stock ot lecord Anrll 1.1 kttonsi state lianu. of Camden, semi- sl or o per cent payaDle April I. tries n ic Lompany regular quarterly .tier cent on preferred navahla Anrll raaock of record April 13. r iionDripnt io . rrauiar qusr t per cent on inrirrrru. nayaDie xa atocK ot rerora Msrrn ad. r. icxawanna and western coal rewular auarterly of 2'm ner tent. iarll 13 to stock of record April 1. avaior uompany. recuiar quarterly soar, on preierren anu i..a it omrnnn tiarabla Anrll 13 to atocjc arch 3n. aosr uomnany. regular lit per rent on preferred stock. stock of record April v. Ohuvc CtoMd Friday h t7A.Th Kovernlntr ta YorK. stock we - w Ohio 1'ialrlo IMpo S O Cal S O N J H O N V i.nj)i:i'i:mknt Itarnett Oil A: Gas. Cotlen & Co Llk Uasln Federal OH Inter Petrel . 1H0 3.M .281 .J'JI .3JII .'iGO OIL J' i . 3 . 13 3J.1 sin JKH :nn i.7.1 2 Ml .131 Stti STOCKS ii i: : .. in. 14 314 3K. ldli. 13X, sTOt'hs 10 I Uile, 4J 17"! lol4 01. H', I III '4 lri S Sin . t S Steel do pref 1 tali Copper I'tah sec i rp I Wabash do pref A . VV est Cn T. 1 WestltiKhouse Wilson Co ' Wllljs-Ovulil : .1.1 IK 11.11, .1014 UP, -I'd .11 'a II 111 171a .11 'a 1ST, 70 Hill. 37 ' 7 ! .j !ll MS. 13 .1.1 la 3 J I"1. .Ill, Ml 1 , Hit HI", 7HI 1. 711 OH '. 17 V, St) ", .1, no 1:1 mi Hl 11114 fill nn '.4 H114 10 1 : 1 ' 2 .11 IIH'4 Itef 1114 mil, I II 'I 7H 13 H II lit 10', .1i' 17'j I I.I .111, IH II -' 30 4 4 1'.. :t 14 .11 M'j 17lt a i'i IH's I.1P4 HI'-', 311', 714 III HVi ':' .ii' j 30', Ml", 31 4 11014 -i-1, HO . 7H 0 J I j 111'', 1114 17 .''i HI St'i mi 3'l' III) 1.1'j 141 41114 ll!Pl H1' 10 '4 I V.I St '4 in.: 13 HH1, lot 77', 13 111 II I1 1 KH4 .U'a I7'i ll.l Hi '1 I'i I", li 4H 1 tUi, 30 4 14", -in, illi 1414 r j New York Bond Sales High I.OW Cloe II oono Amer Agr ilcb Ss nl ll lll!' .' 10(111 Am Kor Hec .Is ..HI l'l "r!,, 3i"io Am Mm a iter si sn'i Ml t "Hi .1111111 Amer Tel clt 4 S1, HI'A Hl l-'lino .1.1 ,-, . I"i I"' l"l amid 1I.1 ivt li.s ss sh m liiim Ann Arbor s .11 31 31 1 lion Armour Co 4H si "4 liiimn Atthison .grii 4 . sn'4 so mi 1.11011 Halt & Ohio 4 77 77 77 .liillll do tv 414s.; .. "ll't 7ll'4 7iM L'oilil llkllli 11 TBi tills ll.'S I'Jjt "-iH 40110 llordesux 0s . ... M.l4 Mill H,1' 41100 Can Ooit .Is ltljll lU I''-' Ur,. II Ch & Ohio cv 4'4a 7J 7P4 Tl't J do 4'4 .... ;.1' 71 7.1. SIMM do ,onv .,,, . mi 711U Til ? 7IH1II riii ot wvt 4 . r.1'4 r. i'ii r.ivs 3JIIII0 Chi II t. J joint 4s lijti USS li;'s viiiiin fhf 11 fc ij in is . si sjTs hi 11 CM & up rfd Ps 'S i.s ns 300 do ronv 3s,. . 7s 7 7s 1 do cv 4'is.. 71 71 7.1 loon Cnl Industrial . "is 7 1i 7.l' 7.1't 1 City of 1'arls l.s . M K1 SI limn Cer do Iu an, i;s 111",', Jill's lll'V- limi fill Itiija ,-,s si M si limn l)ls Snur Corp 5 sj sj s.' Inn. I Uric Ken Is , ill ill m iiinii rrtmh It'ip 3's 111, Hi's nl't limn link Val J'iie 70 'id 70 .mm III Central 4s ll'i"4is 41', SHOO Intcrli Met l,a VJ'), 3J'a 3J', Isiioo inicrb H T rcf 3s 7'j "n 7H 170(111 Inter Mcr Vlar i.t ul mi't l"i't 111011 Inter Agr 3. . 711 70 70 lll'IO Kan Cltv Tr 1st 4s Jl's 73'. 71'4 7(11111 I.lir A M T 3s. .. H.'li IIJ tU lilltwoo l.lherli llond 314s HH.HII IIH.7J lis HI) filtno.10 do 4s . IIJ.OJ 117.30 117.30 SOIOOO do 1st 4s Il7.3i II 3J tl7.t0 111(100 I.ions lls Ml'4 sd'l Kim Soon Marseilles fls . . . sils SO't SUV, II01111 Mldiale ." . . SJ s.' SS 14HHI Mo l'iio sm 4s r.7 Ml' r.n'i Sllilll do VV 1, 3s 10SI HO HO "O 30011 Mont 1'iiner 3" . SS ss SS .11100 N V Air llmke lis PUN Il'l'l ! Sliilllll N V C & II Us tij'j (US OJVj 1IIII0 N Y City 4'in 1111,1) Ml S'l Ml .MID'I 1I0 414s 11)01 11V, till", lll'i 111.111 i. 4'ss M if In" '' l'I's Hi's twill N V II II S. J" 4 I 'lis l-'i'l ''"'n 7'HIO M N IH i.h S-, si SI llillil N 1 ( 11.IJ 3s IS', IS', Is', .mul N.irf ft Wist Is sji, s.'ij so., .'iiini Nor IV. prl.r 4s so so so limi) or. Short I. IkI i.s lull, I'U Jill's liiim Vur I'i. v. 3s . s7 s7 7 1,111111 I'.i, T. I Is 'M HI 'H limn P11 111. IIhh 3s 7s', 7sl, 7sl-, 7111111 I', una trui it '3s s'1'1 so', s'l'. limn 1I11 .Ii lis . lii.li I'd' 1 IH'.'s 711110 Puli ,s! N .1 :, so', so'j so'a L'(ini) I'.re Vlarquette "s 7n 7n 70 1II"I1 Heading C.ll 4 Si's SI'. Si's llillil Itel'Ul) Cuba Is '14 llj'i ll." 112'i llion lll'i) lr ft Ht 3e m.ij I". I". I1100 slrn'lilr ar 7 ss ss s, '.1.00(1 Ht I. I M Ho 4s 71 7.1 7.1 '.'.(iliil St 1. 1 M f. II la (171? I ii' j '.l.'4 Sono Ht 1. A S 1 Ser A 37 37 37 HlllO Hell.nl V I. 111IJ 3s 411', 4"1, 41)', anno South Hell 3s .. lis tu US .Klliil houlli P.K rl 4 s . 70 Tit 70 r.'oon ilo iv 3, .. Ill HUH Ill S7 1.) rfd 4a . 77', 7H 7il" I111111 South H gen Is. Ill i.O', I'.l Tumi do ion 3s . . Ill', l'I's III', low) T. xn Cn lis . , iisv, list, us-; noon Tohln 3s . i.'i 1 st, i.s 3001) tr s Itul'lnr 3 7s 7s 7s KI1011 flail I'r . I.t v. 3h so', si)i, mi 34 1 f H Ht"el s f ". . OS 'ijlj lis llillil rillnil I'm- r 4, . HI St SI Swiilil L' K (1 II K I .s li'l lis', 'is', .momi do ', ! mil, puli Hi'.' 1 in liiim .1.1 ".Ha urn III ii'iV, no', "'P. Sonno do 31, a .'I HI', ''J', l'l', Slilin .i Itwja 3, Ssf, ss ss Total .iles. S'l.nilJ.linn, r.inuure.l villi .JI.kkj.oui jeslerilnij llius fir this eek. Sales in Philadelphia High 3 Am Oas.. m,4 SU.Hnld Loc. 7.1 Con Trno .V J . . 10 i:icc Htnr 4H14 IOUCI011 Asph 11114 In Co NA .. 23 Kenn Cop 8014 t.1 Key Tel. H'4 017 Lie SupC ll"i ISLeh Nov. 0314 3 1,eh Vol. .1H14 lOIINev Cons 1H14 ls.1 l'enna HI'. I J 14 JSl'hlla Co cum pf 3014 norhlla Flo ssi4 013 1' II T t c S3iJ', J'hlla Trc . . 3.1. HendltiK- . HI 14 SSI Ton Del., sf, 130 Ton MI11. :fi n F11 Tiac. .111 oo If o 1. Hi's, ISI.1 1 S Steel no In- 10 War I &S HI", .1 W .1 & S Id, Iyw HI14 73 Net Close eiige H114 H 75 -f-iya ..m fflt v ITurnover Is Small, but Price Is Up More Than mont Most Active Home Shares 30V, H'4 14 03"4 .17 !4 IHVj un 30 ',4 5.1V, sir, Hli '4 314 3 39 (17 14 H!l HI', 101 tsV 30 Vt H14 .. 414 T 1 0314 A 7 14 is 14 4414 3014 S.I", 2.11 1 tV4 Hill aft. 3,' "S'l 117 8014 814 4oy '4' I'i 1 I ".4 114 114 14 IQuotnlloii given Ii -.csterdas'H close. Strength of Hapld Transit trust certificates was the outstnndlit" in uuuinu on mo riiu.uicipuia niocK ixenango today, with tho market what larger than ycsteiday and tho majority of jirlco changes to higher i"' While the'certlflcatcs were not dealt In on ti big scale, tho demand 1 wn and they were maiUed up I'i points fiom cstcrday's clnso, to 2"' " " There, was no special reason found In tho Street to account for tl Vance, but the belief vvns general that the Public Service roinmi..i a1' -L. z llltelv to act fnvornblv nn thn lnnsn nnrrement m. ii, ...... . .. " ""' x -7n 1 --" - - -"-- - ...... ..... t-uy, anu that suck V4 I action would placo tho stockholders In n position wheicby they could 3, I largo rctutns on their money at the pusent price of tho lertllicatcs cx''cct ii.iiii nmt n -viva riii" ' t t tiii....i . ...- 2fl44 fshitrPH rstrrd.ii IIiiih fur tlili lanlin rtiiripp!fr ("nrnnrntlnn ntiil Tniinnnli Unhtmut ..-. ... - , ,- ;.. .: ",." , :: , : , . ." . nr:.',y w mc. Totnl sales. 4101 sliures, cemimreil tillli " , , , , , ,,, , sj ... ...n, infill s Closing flgurea tu inu oinoi lianu iuiiup.111 ..iniiiiri ui ir.iciioiinuy low er und Amerl Gas was off . Other transactions were generally recorded imrhB..j .M" higher levels. Storage Uattciy. Lehigh Navigation and United (So t.. ment were higher, whllo Philadelphia Electric, Philadelphia Commr,,, 1 lotlvo preferred and Warwick Iron wcro taken at last night's closing llallroad Issues were lu better demand, Itcadlng nnd Lehigh Valley c I Ing more than 1 jiolnt, nnd Pennsylvania was unchanged. Baldwin advane'd I',,, and Steel common In the afternoon scored a gain of moro than 1 n f 1 after sclllnj- earlier in the day unchanged, n Liberty Loan bonds did not show the momentum of jestcrday, nnd th is and regular 4s were lower. The City of Philadelphia 4s, due In 19 13,710 share, 1 Mime period last tieek, V.Oi shares. llOMJ-t Net High Low Closo thge. $300 Am Oas fc i;iec 5s. 70 70 70 . . 3000 City Is '43 117 117 07 20000 do H147. o7i toy, IHVt 21100 HI & Peo Tr 4s 70 70 70 2800 Lib Ilonds 3',s... 0H..1O 118.10 tl8.il .70 (14.10 do 4s... 117.30 IIJ.1U 117.10 .10 12.10 do 1st 4s 07.10 111 7.40 .. 3000 Phlln F.lec 1st 3s. 0.114 031, 1)314 314 100(1 Heading gen Is. fl h: Hi li 31 1947, I 1 Total s'lles, SI3,7CO, ninip.irril tlllll RlfCt. 330 jrslcrdit! thus far llils eel., IH(I.IjOI same iierlod list ueek, S1!,31U. 1 continued In demand, and one block of $'0,000 changed hands at 07' t'h'i I'losinj; ii ivu eaieiii.i . , Local Bid and Ashed Tod.ll Hid Ask 7l'i 17 Is IH'l III ', '1 I 31'a I'i ISI, -., IS. 000. .13,0001 ft'inei Iierlod list Heck. S7.11I,- ll'P, H1'4 3I.' 7'4 HI 41', II .1114 !l(l I , S.'l, HIP, 781, 0'(. 70 OH ', 17'-, S14 H.I 'Ills 1,(1 HP. I no HP', mi), 40 HIP, H.S14 to 1, 12114 11 101 ', 1314 HII li too 78 13 H II !IJ III', 3JI, I7',i BREAK IN D.ROUGHT WEAKENS COTTON Heavy Showers Throughout Texas Selling Effective Be- cause of Narrow Market American Stores llaldnln Itrlll J (I . llurralo tr Husq t do pref . . . lil'ttrl.) Htnragrt Itinera I Asphalt do nref . Kri slotiM Tli t h.uto ifu t t "0 l.akt- Huperlor 1'oril IPs l?hUh N'ailgatlon. 'it Lehigh Vail. . . 37", I., high Valley 'Iran 111 do nref 17 I'ennsjtianla . II1, I'hllit Electric . '.'-.ii I'hill I'o ..SI do 1 tier 1 ent nref SI .In 0 11. r ' ent pref .iu'4 I'hlli I1.1 n Trail t c S'.'i Heading .. . . si)', Tinunah Helniuut . 3', 'I'motnh Jtlnlr.'j a I'nl.'ii' 1 rai tlon ".s 1 nltid ll is Imtiroi ii7 f H Meel .... S'l', VorU Hallnal 'I In Mif . . ll'i V in I'laliin A. Sons 77 1estcrd.il I IKK , Hid 7.15. in J 'I'-, ll't ill 3s'i SO fl's :i 1 :i.' .Ti I.7N S'i'j Hi :u'4 17 Is Id', 111'. Ill 3t S tl 311 IP, ll'i 111 III 311', 37'; ill 37 4I' 4P SI SI 30 SI', Si' n IP, SS .1014 sc; SO1, :i' :i.' 30 10 3J'l M) 15 PER CENT INCREASE TO U. S. STEEL WORKERS Day Laborers Will Benefit to That Extent Other Emnloves Win Get Advances .ieir nirh, March 27 Tho United Stales Steel Corporation decided to In. The maximum prk e for basic pig Ircn crease the wages of day laborers 15 ne. Is reduced from $33 to 132 a ton and cent, eneiiiie April 13, r.lbcrt II. Gary " a" "t mi! torporation, announced this afternoon. The tlnanco commltteo also decided hi sa'd, that tlie rates of other employes, except w hero advances liinl reen in,j.. centlv, would be adjusted on a propor- in .11..1 r..... jv.iiuuau uuiupanies, coal 111111111K uuuiiiaiuvT mm snippuuaing in terests of the corporation hre not 111 iludid In tlio new scale. STEEL I'HICES UNCHANGED President Apptovcs'Kecommendation I to Hold Until July 1 Washington, March 27. Tlio nrcscnt prices for steel 01 e, coke, steer nine steel products will remain In effect until July 1 1 The war Industries board' rccotn. lncndatlon to Hits effect has been ap- I proved ty President Wilson. s IMIII-A. INACTIVE STOCKS Following ale ipiotatlons for Inactive f slocks listed 011 the Philadelphia Stock i:ch.11iKO and 111 which theio were no tranijcttoiis today Tlio price given Is the last previous close: of steel scraps from 130 to J2D. I Pittsburgh's Federal Hank Opens I'lllhliurgli, March 27. I'ltparatlons I aro well under way for opening the Pittsburgh Uraneh Ftderal Iteservo Hank In full about April 1 The ' "money department" has been In opera. I tpm for a fortnight, and a force of flfty persons, mostly young women, has been assembled.. Transit Items, redls- I counts, tredlts for member bank", etc, ' will be taken up lu tho near future. UAH SILVER Today Vest N York Ids ) US', IIS' London (p.e) 43a 11's Last VI e,, Ss', 43, tois- in-h uw lU's 8T4 40 42 -S.I 3l 1 0', 'Ji' ' J tt 'i 1 14 . Inlat site.. 3.H.00O shire,, innunreil ultli l.loo.SIHl slinris irsterdilM lliu, fur this week, 1. 711. Mill slinresi same iierlod last week, !m,000 share.. (11 TON III. I.T VV i:rllKK ( (INIIITIIINS New lork, Vlartll 27. The folloulug leiniteratiiri, uere rcinrded In the (0II011 Ih.II this uioriiliig! Angus tu ami Vlainii, 40i Nashillle, tKi Meridian. I h.iltaiiongu und Knntillle. 30i t irksii'Tg nun 11 inning!")), ri;i sorete Port Ukl ili.'iiiii (Hi und riiouiasillle. 31' satiinnah. ,3lli Atlunln. ( hurle.lon and .lllk.onillle. 3Kt s,ln ntoulo. I.lttle Hoik. l.Ol MeimihU nn.l T.imiia. f!i Ahilene. e (Irlenns. (lit ( ertni, (hrlsll, t.dl teston mid fort Mnlll). 1.0. N'en Aork, Mulch 27 The cotton market was weaker today on press reports intimating that the llrltlsh bad lellred fiom Albert, and talk about hcav.v sliouers havlnu: oc 1'iired In Teas, sullk lent In sonio coun ties, It was said, to break tho long drought. Tho sdllng was not lnavy, but It was iffntlve because hti-dncss was natron and largely of a tr.ulo and local char acter. Hooks In warehouses hero contlnuo to ineieaso in spite of tlio many rumors, current e.uly In Hie" motjth. that sup plies hcte would deiteato rapidly tluough shlpiuents to tho Fast and abroad. Theio Is little doubt, however, that much of the staple hero Is simply awaiting forwarding. The esrly rally carried tho active month" s to 11 points net higher, with May selling at 3.1c and October at 31 Use. a recovery In within 21 of tho previous higher record Amer Clas war, 114 Vliier liny pf.. 7.1 VniT Htores . . S'l Mllame Insur. in Amer Hwy .... 30 Vmer Mill .. 10 . Amer Stores pf 112. llrlll J (I pf.. 70 Huff -. Sus I 1 . 3S Hurt It. husq pf. 4S I 1 am Iron. . . . Ill1, I Cam steel .. IS". I'aiawis 1st ii i.j lit .1 JI 1 HI lit 11 T tif . 17 Keistono Tel nf 57 Ivey tel 1st pf 17'i Lcll Val lr pf J7'4 I. Nai 2d rt pf 41 I. Nav wr w I 7 I.lttle HchulIlll 31 Mlnehlil r.n North Cent .... 714 l'enna Silt .... so J'hlla CV) -'4 1'hll.l l.'o pf... SS 1' 11 T SO. , renn Irafilo .. St Hwy i'o (Jen.. 4 I 11 Cos N J ..102 V H Htecl r.,10Dt(j West 1'oal ... I.'I Win I'ramu . . 711 York Itiiy .... 014 lork ltwy pref 32 Short Term Notes mwmmmMwmMMiiMmmmhmmmmuiwmmmiavA pn WHY B T.alo 1' C. Amer Coiion on 3 m T A T (subs) 1. Illllo t. 1 1 ti In . .1 Hullo Ohio . 3 llHlhlehani Steel. 3 llklni 11 T.. . 3 I'an 1'aclnr Huy 0 Chi Ilur n 1 nit. I Del & llwli-on . 3 t'rlo llallroad . 3 Cleneral niectrlc. 0 tleneral Ulretrle. ' N V Central I'j N Y Cenlnil 3 V Y Ml. II I! It 3 Pcnna Vn I'j Pub Ser Cor N .1 ". flcm Arm I'Ml'C r. So Itatluai 3 I'nlted fruit " L'lali becur Cor 0 I . Am foreign Hec. "Anglo-F relieh Vrgentlne Cloit. lit of Paris points 1 "tleD of Kianco. Oil 'U)'l,i,ian i:nl and to within 3 or 1 liolnts of that 1 riov of Swltrfcr'd NEW YORK STOCKS , 'e"l " later deliveries I r lc of (. Hrltaln Hh 1 iilt ui f---.11.1t,-- - -.-Mti,inr ij viKs.it. -j V 01 u nruain 3 Hi 2!i t , INACTIVE 1 Following a e quotations for Inactive I 'New Yolk stocks and In wnleh thero ' 'weio no transactions today. Tlio price' given Is the last previous sale I I Advance num . .- 'i.ni , Pf D'n, creaso of Aril- II. 11 111 I"1"" . . - -' I U l" "J t t$vyn--i?a.thr,.rr3W tho advance at these figures and reac-; tlons of several points occurred, but the 1 undertime was steady. Tho Watklns repoit Indicated an tu ft ner cent In acreage, anu of tho Commercial Appeal SI. Seel fell dull .inly 1'eb. July Mar. .lull Alls. Vpr. Dee July VI ay Sept. Apr Juno Mar. fen. Mai Mat bept. Mf.N r Aus. ii. t May Oct Apr. Juno Dec. Mar. s nt Nov. N'll . Hid Ask '18 till Pi's l'l lis', ll'P, IS li'l'ii 011 'III US HNS 'HI iVh 117s, 'is iu'I in "j 4 n7 n7'4 si tu', iuH 'JO D7K. lis', in W, 11T, 'in ti'i's loo "JO till, Il'l'l, 'is nns, lei', 'to in", !I7 'IS Ill's no "ji ti-.-; (iii'i 'Hi inlj ""'I '111 sr ss in iii'i 117 'is in'i joiin 'SJ S3 RiPsj sncuitiTii's in in inn 'in no mi's 'SO til 111", 'SI M"l 84 'in in'i m'i '10 31 41 'St 31 3'l 'jo inn jiiip, 'is lis-, n lo-novs oii'i SI 1121a tisi, C'onicrtlblo Into lonc'lcrm bonds, MORE U. S. CERTIFICATES li ft 0-3i fl t. Aja 5, 7 ,.n 'Am"Aiirl Chem 77 N It 11 it Sd i,f ou'i ! as last ear and early conditions 10 i a'"" ill ,nTiwM 7si New OrlV t m is I Per cent better than last season's east V' I" ; " rme'r' int Corn jJ't J-orf it. f.outh. -j i of the river, may havo served to check I 3 l'4l:t"W.'ir ' N-orf vOesTof1 bu.v Ing. but seemed to have little ln- iV fif Malt' pf 4J'4 Vorth Anierlca 4414 fluenCB on the immediate market. i8i. ,s lA:Ser,;n!Sf',"'r?7. .X -:::ajs'! ;!15o HiJIi !!joo 3155 311 is i7 """.,WiS i' 'li-iL ki';. , ? ImiHt "i i" "- "'7 anni 3nni Hi l-J. l-rS "J- - h', 1-, 'A" ""o-'-m' :';.V December: 30H'. 30.S1 30 ill 30 7U 30 70 o Alll .'..s .,.... p. rw,... :'. .'' t 01', Nevada Wonder I I '4 . "V.F"i ,( 11 ii , ,f "' " I iteriionl Cotton N-.lllSsi..B HV. H-4 V WW" Pler.e.Vrrovrr:', .. .""?.. -V""... ... inio i ontier iw i w i.1. ?"',;,-. i.i ni . '.,.. wn .... ri '.i i.ueriiooi. ..luicn .. .....u ,..-.. ii.ii. iiutViiiou l i . ii "".'.i . r.1'4 nm. -., "r."' '.'- Urn. fieni.iml foe spot eotton todav with San Toy 10 U I1V4 K "tjiost Line si, .r steel car ' w. jnlifs steadv on the basis of 24 2f.d .. . r m . & ... . .. T .--' - t o. n ill '-- l-omllur l.i ... - I ... t..l 1 1 . tr nl.l unnirupt fill 111 I1 1 1 fi. n I Topopah I'xtenslon . I ,V 1 I'nlted Veide 30'4 38 West Fiul Con 77 "0 White Caps i' i Yerlngton o 8 n..alt I'O i llatopllus Mill I llklyn t-ii as llroin r"' t'J'l 1' 1111 lutte.A sun i op 1.' U'i.5' Dethleheni 3s .... Cosden Oil Us . . . . Coden a i'o Us . Cudahy Ds Itusflun tlovt 5L.S Jtuislaii i.oit C'3s. Moutiiern ltwy Minei T IIONIIs. 7", 7.1 III 37 311 07 "i HI HI 07 III 41 mi . '.r."... .. in cent .'.'" -os: inlrN'hM' l-J. ,i & Houtn. u po!itf$ 'ninu law ..-v - lleadlnir Sd pf. 37 snaituck.ArU . 17 Kt I, -. S VV., II saxon Motors . i! Hears Roebuck us Sears. Hoe of. lis S'iiss Sheff sj Stand Vlllllmt. . nil Mnnd Mill pf., r-.h Sluiz Motor,... 4114 Sun Steel 1st f t, H S for rtleo He 110 inn Hteel 3-, Texas Co rets., ltili, Texas I'sc . 10.1' SECURITIES AT AUCTION Shares of banks and trust companies were offered In small quantities at to day's iiuctlon salo of securities by Uarnes & Holland. In almost all cases prices were lower. Fidelity Trust Company sold at G25. compared with 570 last Sep tember, or a decline of 45 points. Com monwealth Trust Company dropped 41, and Kensington National Hank J point. STOCKS "" stirs. Smith Furbuih Machine c'o second preferred. 3d 1.3 shrs. bmlth 4 rNirbush Machlna Co. common ,'t '1 000 shrs Volcanla Oil Company! par IJO Iat 1 "3 shrs. Somerset Smelting and Mln tmc Company Lot 11 000 shrs. Duqutsno OU Company; pjr Lot 11 S shrs. lteienue Extension Mlnlns Company; par 110 Lot tl 30 shrs. Chester Street Hallway Com pany ... 70 "3 shrs. Kenslnton National Hank: par I5U 100 20 shrs Fidelity Trust Company; par I10O 32a 68 shrs. L kens Valley Itsllroad and Coal Comifanyj par l.'o 14 10 shrs. United clas and Klectrlc Cor poration tlrst preferred, par 1100 40 7 shrs. United Uas and Kleetrlu Cur noratlon tommom par Itoo 3 1 shr. I'hlladelnhla Trust Company. 823 J ahr, Cummonssalth Trust C'o. . 4014 font I. all u , ,',' u..-rt iy, .. ,:: I,, cai s lT-i -;" -". i air uu s . . ho HI . I',,", a iiujioii los'i ,.'.'...'"', .. pr i. odd Shipbuilding Cs H 09 .. I K: ,..., W 7J V'Z' ,'-,. '''. .3.' I . . .s-yslf r-.fllBs'in I- . f J i A.'1 . '!' INCREASED RATES TO CANADA ' &f S V'' 3svi Si? ' ? I 41 Refined Sugar Unchanged Nssr York, March 27. Iteflned sugars aro unchanged, with all local refiners quotlne fine granulated at 7.45c The Federal and the National Companies are withdrawn. The Warner Company con tlriUM to distribute limited oiiantttloa X nu BTa.nuiisHi. SliSSSIl rdWH M frtrs-stf, -mr 9h"-' .l.j f x n tirel r; 'Chemical 131 lleneral Cliar HSJ, Hen Clltar prf !;s Commerce, Commission Permits Fil ing of Schedules for Two Changes "A usliliicton, March 27 Approval was nit An IhS tlfs. InlAWilhlrt iks.,..AMA. . Burn u) ki .v. nm.i'iuie i.uini.icic.) com- . J!,i .. T'entral. ti mission today for the filing of Increased int Agriculture. J class and commodity rates on tradlc from American points to Canadian des tinations in order that rates charged by American roads may conform with the higher Canadian rates. The commission also approved the filing of class and commodity rates from Chicago and related points on traffic to Ohio and Mississippi Jtlver crossings for shipment to southeastern territory. Union Pan pf 7P, 'n Car str pf He United Drue ,. C3"i jinin ure jst pr 4HV4 irrVne. Can Cop 3'H$ "Id Pre 1st pf 48' '.".'..:..", 'corn K Havana l.lec . lgl llomestako . s; IS Int Aerl oref 4JH Int llarv.N ..12',v Int Nickel prer ioj loiiaCentral... 2J Jewel Tea .... 'Hi kU 8.V-:: ;f lrllUrd... .. .18J Manhat Illec l May Pent a l pf .10214 Max Mot 2d pf 21 Hex Tet Prefl. 'II Mich Central.. Itn Mln k St I. new 10 Horrls . fex 30 tto Kan t T... S',4 M fit P tKSJI no Mont Pow- .. "TH Nat Acme . . 'JH's Nat niscult .... U7J. Nst lllscult nt.Ilo', works and allied Inau'tries In Butler, ' fit aPMvi Pa. Piece, tonnage and hourly men i are affected. The advance amounts t6 ' g iier cent, anu mere win be a similar Increase June 1. More Pay for Sharon Workers Sharon, ' March 27. The. Standard Steel Company announces an Increase In wages, effective April J, at Its car United Pop Hrd 1.1'i I'nltel Itv inv n-J nciPt r. 11 K I" 1 P pf.. 41 H Jnd Alco pf 0SI. 1' H Itealty Imp 1.314 U H Itealty Imp .1st pre: ... no " H Sm ft It sf til Vo.Car Chem . 38'4 Va-Car Ch pf.101'4 Va Iron C ". C (iflli Wahash s Wabash pf n,, 22 Warren It It. . 1.1V4 Warren JI It pf 31 West Pacific . . jflu; West Maryland 14'I West Md 2d pf 20 Westhss Jit pf 04V) Wheel ft I, K.. JO Wheel ft I. J pf ;n'i White Motors,, 42 Wells Farao , 7 Willys-Over pr, SO Wilson rf'o pf, nn wis rent ... as it Worlhcn V ft M SiiJ Woolworth . Ho NEW YORK BUTTER AND EGGS New liork, March 27." IIUTTER He. eelpts. 61U7 tubs. Market allehlfy ... " Higher .corn. 431,0440! tras, lIuVilci llr.ts. 41H042lic: seconds, ' Jolt J'. Stats dairy, 4204SHc; Imitation creamery' 30 37c, "" KCKio -iieceipt., si.oia . caaea. aParkst .:.. hb.. anmn..- ... . . -- .")".'" rvi vsui unit weaker. aissIITlici firsts. S3l4a-I4r! wkli. a it Tt.nl.mher I.. 11.03 D.03 Met brown. UUMtci rwlxej, -sfauai.-' "Jitoru.r V.r 9.VH.9.M t NEW YORK COFFEE MARKET New York. March, 27. The market for coffee futures opened unchanged to an advance of 7 points today. The feature was the demand for-December position from a. leading Wall street house. LOW Closa' rinse March ....... "30 fl.r.o s.r.n 12.' A'iA A-iX "i ?? U.S.. , n.p if oil H.HO 8.0.1 S.4 HUH H.K8 or f 3 points The sales were 3000 bales. The leeelpts weie 10 000 hales. Including 1 8700 hales American. Futures were quiet lu the early dealings. Old con lliaet. spot prices, were: American, ! middling fair. 25 4Cd: good middling, I 24 78(1 ; middling. 24 2Cd : low middling. ,23,73d; good ordinary, 22.73d j ordinary, I 22.21d. ' MONEY-LENDING RATES Mill' TiOHK. Money on call opened at fi per tent : high 0; low 5, ; last G; closed 5ai4Jfi per cent; tullng rate C per cent, TImo money Is repoited dull today, with C per cent the nomlnkl quotation The same figure rules for prime mercan tile paper, with occasional transactions on extra choice nt C"J per cent. Hank acceptances are quoted at 44 nnd 4 '4 per rent for ellglbles and 0 and 5 per cent for ine'.lglbles. I'lllLAPl'I.l'HIA Call, C per cent; time, DC per cent. Commercial paiier, three to four months, DCO per cent; six monins, ii per cent. LONDON Money On tall was un rliflnireri torinv at 31 ner cent. Dis count rate, Bhort and three-month bills, uncnangeu, at a ft per cent. . FOREIGN EXCHANGE New York. March 27. In the early dealings today the foreign exchange market was extremely Inactive. Ster ling Held steady, but lire and the neu trals, with the exception of guilders, were easier. Francs were a alight shade lower.. Quotations were: Derratnd sterling 4.75 G-lC, cables 4,76 7-16. Sixty-day bills nominally, 4,72. ninety-day bills 4.70 14. Frano cables B.71.H. 'Checks 5.72TJ. Lire cableH 3.81. checks 8 82 W. Swiss cables 4.36. checks 4.39. Guilders cables 4614, checks 46. Pesetas cables 26.40. checks 25.30, Stockholm cables 3314. checks 33. Chrtstlanla cables 31.110. checks 31.40. Copenhagen cables 31.10, checks 30.60. BANK CLEAWNGS McAdoo Announces Issue of ?500 000,000, Dateu April 10 The Federal Iteservo Hank of Phila delphia ! advised from Washington of another $500,000,000 4'i per cent Issue rtf ITt.ltA.l llntnu TrpftUlrv r-erHtt. nips of f Indebtedness. The Issue. Is to be dated April 10 ai)d will mature July v. huu serlptloii' will close on April 10, tho date ot the issue. This Is tho fourth offering since Sec retary McAdoo requested banking Insti tutions to subscribe to lertlllcatep to the extent of at least 1 ner cent of their 1 resources u week, ! The Issue has the same features a? the notes dated March 20, February 27 and February 8. April May July A no H 01 K SO 8 114 Bank rlearlnes today compared with Co.'. .pondlne"d.y last two ye.r.1 Phllada S31.4S8.337 131,453,3711 I'O.SOO.SSS M S.WS'Hoston.. 44.374,17.1. 3.n-u1.aS3 32. 480.H-H ."1 ,v.BS), M, Tors pll.sso.),, Ota, '.ll.';1Sl.lo4il.-:J3.M.8 US. LOCAL MINING STOCKS TO.S'OPAIl JJKI Jim Hutler 3'i MacNainara 11 Mldnay 7 Mlzpah l!xt 11 Montnna 11 Northern Star ul Itescue Hula ., OK West L'nd v 77 COLDriCLU Atlanta 10 Hlue Hull 0'J Hooth 01 Dlamondneld 11 It lit Palsy nt Kewanaa nit Orn ot Sandstorm Kendall 01 Silver Pick ul MISCELLANEOUS Arizona Cnlted 11 Nevada Wonder .... 1.13 Tecopa Mining .10 Ask .ill .13 .Oil ,07 .13 .110 ,0'1 .71) .11 .01 .on .nj .03 .ns ,ns .01 ,00 .20 ll.si .18 RAILROAD EARNINGS NF.W YOrtK. NEW HAVEN AND IIArtT 1'OIID ini8 Increase January erosa 3,nsn.3il4 "1722.1117 Net operatlne deficit. 403.288 J. 701.202 MAINE CENTHAti IMT Tear ended Dec. 31.114,121.377 Hfi aiier taxes.,,, .!... on. Other Income 441314 Orois Income 3.163.013 CANADIAN NOnTHEIlN Third week March.. 1781.200 From July 1,.'.-..... 20.450.700 BUFFALO, JtOCIIF.RTKH AND uuituu February erosa .... l,orn.03t 1223,381 BOUTHEHN HAIL.WAY 8TSTEM Lines east and west Third wevk March... I2,flt3,28 From January 1,,,. 20,313,774 Mobile and cinio Third week March,. 1231,540 from January 1 ... 3 038 371 Oeorala Southern and Florida Third week March.,. 1111,281 From January 1.,,, 0(14,373 CHICAGO, INDIANAPOLIS AND tl.snn.nnt sno.sis 178.70.1 803.024 tut). mo 301. (100 riTTS- fl07,38A 3.048,201 llfl 801 02.002 22,488 LOUIS. VILLB Third week March,,, tlTR.OSn 114.00(1 From January 1..,. 1,007,878 20t),714 ' M1SSOU1U, KANSAS AND TI3XAS Third week March,. ISfin.ROl 110(1.083 From Jan&ary I ... 0.3.17,341 1144,042 BT. LOUIS BOUTHWJSSTBnN Third week March,, 1118.000 $128,000 Prom January 1 ... 4,123,000 501,000 MINNEAPOLIS AND ST. LOUIS ,'. B All financial viattcrs being names arc tilth held; Notary's certifi cate of verifica tion Kill be given Instead, upon icqiicsf. Manufacturers and Wholesalers Sell Us Open Accounts iii'jfiUiitiii'ii.i. nniiiM.iiinnrijtPt-iiiiimrnirirTiTiiJiiiiiHniri'ijn iii.iiiiiiiimiiiii.irniTiiiiiiUsiiXin.Eruniii'iir-ir:!-! From a Customer Rated $150,000 to $230,0' "When the writer responded to your cir cular letter, it was only through curiosity. I thought that it was only those who were hard pressed for money who sold invoices, but it loolis different to me novv, and I can .sec that it is almost like having a Hank bal ance to know that one can get money when ever he wants it, which will largely re imburse us for the difference between the cost of your money and Bank money." From a Customer Rated $10,000 to $23,09 "With your promptness and efficiency of remittances, wc ate discounting our invoices as soonas they reach our office. With our promptness of remittances to our mills now. our orders receive extra attention and prompt shipment," From a Customer Rated $200,000 to $250,00 . "Your system allows us to follow tlie market closer by giving us the opportunity to buy at the right time. At times when our local banks arc tight on the money ques tion, we have received the usual number of remittances from you which have enabled us to maintain our standard of discounting all of our bills." irHiniiiiiiiiiiiiaiiiiiiiiiiM Commercial. Credit Company Cash Capital $2,250,000 Surplus $373,000 BALTIMORE Iteprcsented at rHILADlXPHIA. 512 Stock Hxchango Bldf (Phone Locust 0110 NUW YOTtlC CINCINNATI CHICACJO DIT101T BOSTON ATLANTA iiiiiuiiiiinsM ANNOUNCEMENT' For the convenience of our constantly growing list of patrons and In order to render the highest type of broker age service, we have opened offices in Philadelphia, located in the Widened Building. These offices are fully equipped throughout and include a commodious customers room, where quotations and sales on all the principal stocks traded on the Stock Exchange, Curb and other important ' markets ore flashed over our private wire's running direct from the market centers. You are cordially invited to call. Our staff of trained experts will be pleased to help you gauge the market. -Our Weekly Market Review will be mailed upon request. . SCHMIDT & DEERY Members Conttolidated Stock Exchange of New York R. J. WRIGHT, Manager 628 Widener Building Philadelphia, Pa. niONKSt Walnut 4080 Itaca 4080 E J J A m Brown Brothers & Co,, FOVKin AND CaTITSTNl-T STREET!. riilLADEI.rillA o y Travelers' Letters of Credit .Issued In Dollars for use in the United States, Canada, West Indie other countries in North nnd South America. Under tho termi of issue of our Letters of Credit, traveler can i:J5S:oS?'o j"anuk.rJ,T?:: J.IIIZU , -fa I for at-ailins of Income during absence instead of paying the.full f I m 'I'W'W tiim ,,. i. '.,r . - . s . - i- EBfc "."'.A,.'-'" n' a aA L . ... ' tifr- .-' ". .. i-
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