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A
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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"
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"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
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.(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.
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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
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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',
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lata
HI)'),
01
mini
lOOVi
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STRENGTH OF P. R. T. CERTIFICATES 1
I IS FEATURE OF LOCAL TRADING?
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1 14
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an 14
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HI 14
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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.'
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&
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
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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
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40
ii
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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
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13
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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
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14
111 '
33
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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
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.3JII
.'iGO
OIL
J'
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. 13
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Stti
STOCKS
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314 3K.
ldli. 13X,
sTOt'hs
10
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4J
17"!
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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
:
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IK
11.11,
.1014
UP,
-I'd
.11 'a
II 111
171a
.11 'a
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70
Hill.
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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
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