mMmrirs?- t?' vw
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v
EVENING PUBLIC liEDGER-PHILADELPlllX SATURDAyr fccte W 1918'
'f
r-K. .'a C-
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JX3 iiHi ijrn i '
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NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
h- .
j,t
;-.rri.-. t- n
Analysis?
'.Jl. A .In.t ...al.. nr M. ....
' booklet Should fits tntettori tninr
'jU sglueble Mhi on thx filter alt
litloa and the poitlbllltlea of
-11 Kii.vFR Tnrvc
-ww
fWlrtlr traded In on the .Now
aors t,uro.
A.U for llooklet T. U.-911
(Mailed Free on Itequtat)
JONES t BAKER
Usr BUa. Philadelphia
NEW YORK TRADING SMALL,
DUE TO HOLIDAY AND EASTER
(Wall Street Virtually Deserted and Few Are
in Attendance on Exchange Price
Movements Unimportant
New York Stock Sales
Neiv York Bond Sales
High Points in Today's Financial News
Iluslucss teas extremely small on -Ycio York exchange, tluc to Irudcrs
and broker being away for Ulster. Vrlcc changes generally unimportant.
The Curb market Has tccak. Grain was firm. Average loans Increased
and actual decreased In the .Vein York bank statement. Itc-maml deposits
tccrc larger In both casci. Itank clearings for the week were above thoic,
of same pel tod in 1017. liar stiver tras unchanged In A'oto York, The .Veto
York cottun and coffee markets hcw: not in session.
NIWYORK PITTSBURGH
U1IWBO HHTON
.Arret ewoxs mrtt
v Jones a bxkrr.
IVUtnir BXdo., rhltnJcljihla.
Tou mar aind mo your "3-rolnt"
booklet ou Silver Stock..
Xstnt tMiiini
Jlta
Clio
m ' ----. ...-.i
L.
. -
tr-' "
B.
A "
ft
W
BARNETT OIL & GAS CO.
, Froducer. Refiner and Distributor,
with an output for Ita full capacity
, which la being delivered to their own
tank rara. through tlielr own pip
I. llnta to their own established re
tatty of 2100 barrets dally capacity.
Full Information on request.
Morton R. Alexander
Philadelphia Stock Exchange Bide.
!7 William St.. N. Y. Clty
UlBEfTtlRY OF rrOHNTANTS
Certified 1'ulillc Accountants
f UWRENCK n BROWN t CO.
1115 RKS.L K3TATB TIIUST 11I.DO.
WVKSTlOATr: AUJl'ST PARTNERSHIP
JCOHPOnATlON a DISPUTED ACCOUNl'3
George K. Walaon. C. P. A.
13th Floor. Real Citato Truat Uldc.
Audita. Tax Iteporta
WESTERN BUSINESS
WITHOUT FEATURE
Rr
A-
Control by Government Hav
ing Effect in Nearly All Sec
tions of Country
K-
Chicago, March 30.
v Business acthltlea throughout the
Central West developed no particularly
new feature during the last week, and
wag still under the Influence of the
many uncertainties In connection with
Um unprecedented strife abroad. The
absorption of business Into the control
of the Government Is still a marked
jt characteristic of the xituation, and tnis
ts navine an eneci m nearly uii sec
tions of the country. Thero urc many
Treat problems yet to bo solved before
fcjMhe Goernment will find Itself In a po-
rs.suion to work out tne problems of dis-
-. JUbutlon of various commodities and the
-i onipuis or ine creai inausiries oi ais-
?t trlbutlon with facility.
n.cj The railroad question Is still a bo-
fe rkruji one, In that respect, audi shipping
1$ facilities do not atiuroxlmato the re-
tiuirements of shippers nt this time.
Ef -iTlie labor situation Is still a disturb
fe'). Isk f.ictor. In that in all lines of bust-
jounces a scarcity prevails, and the sltua.
Rvtton appears to bo n dlfllcult ono to
B" handle, not because there Is any seri
ous dibturbance with regard to wagos
paid, but because It Is Impossible to
secure adequate help In order to meet
either domestic or governmental rc
qultcments. vIn the Iron and steel industry mills
are active and, working nearly at full
capacity, under former regulation of
prices, although the trade is somewhat
unsettled by the recent dlbcusslon of
further price-Axing. Whatever has been
accomplished within the last few days
ttji this respect, leading authorities de
clare that they are satisfied with what
ever action has been taken by the Gov
ernment In that direction. Government
regulation of oil supplies, similar prlce
flxlng as It refers to tho market for fab
rics, Is still an uppermost question, and
the absence of a definite decision on the
part of the Government in these two In
rtances caused more of less hesitation
and Inaction on the part of producers
and distributors.
1ft loading reports of leading western
Sr,y,nK,',mes report the heavy movement
L&afjtUYCstoclc and a much larger tratMc
..-' I grain, the latter Indicating that ti.
1-.S laterlor holdings of grain are helm- hi..
Si 'lodged more liberally than heretofore.
v w, pitu.uiii uii-ura 10 do easier
on account of a partial clarification of
congested districts, but traffic generally
la rather Irregular as compared with a
VMP Rem enmn vnnila .(till .k....J -.itt..
M creases, while others have made small
i- jarccntago gains.
New Yorli, Mnrch SO.
Today's stock market war. what should naturally havo been cxiicctcd
with two hours of business beltiK Interjected between tlio tlnod l'rlday
( holiday nnd Htinday. The Wull street district was Wrltinlly deserlea
iind thero whs it Ions list of ub.-eutces on tlio htocls exchnnee floor, with
tlio volumo of tr.idlng Indicated by tho fact that the sales in tlio first
I hour amounted to less than 60,000 shurcs.
Only a few Issues rhowed any degree- of nctllty, amonj: theso beltiK
tho copper group and a few fcpcclnltles. Inspiration Copper reflected a
I surprls.0 to the be.tr element, with nil advnnco of Hi to -IS'i, n direct
response to tho uction of tlio dircctorw on Thursday lnTiialntalnlng tho
(iuartcrly dividend at 12 Instead of reducing It ns bear traders had pic
dieted for borne dajs prior to tho dividend mectinc;.
St. Paul was not affected by the further delnjlnK of dividend nclion
on Thud.t). and. nftcr Jlclding 's to 30ni, atlvjm cd to 40.
There was n bejjlnnlncr of pool nrtiitlci in United Clear Stoics, ne.
cording to u previously circulated rcpoit of a coining advance, with that
stock moving up 2 points to SCfe.
Studcbakcr, which had been under prcssuro for some time, showed a
better tone, rallying more than 1 point and crossing 11, and thcro was an
'advance of 1 point In Distillers to 41'.
Heading again developed strength, with a resumption of tho accu
mulation which had been In progress in that stock for some weeks. .Sin
clair Oil was exceptionally weak, fulling li to -7as.
Tho feature of tho bond market was tho renewed demand for Libert
second 4s. Those bonds were heavily traded in again, advancing from
SC94 to 07.16.
.Sccurili Prices Prove Confidence in Allies
With tho greatest nnd most sanguinary battle tho world ever lias
seen In progress during the entire week, prices of securities ou tho
Now York Stock Kxcliungc hae presented unasrinllublo evidence, lliut
Is n"le i Irsplrlng as It Ik remarkable of conlldencn In the final outcome.
Kven tm Saturday lust, when It became evident that tho freely adver
i tlscd "supremo drive" of the German military machine had begun, thero
was no Indication suggesting panicky conditions. Tho news over htinday,
on tho surfui'o at least, became even more alarming. Monday's prices
recorded additional dips In tho morning, but beforo noon the market
straightened itself out and thereafter was marked by ti llrmucss of
undertone which was in full accord with the condition of Walt street
sentiment.
Real Cause of Confidence
It is not dlfllcult In attempting an analysis of tho market to reach
at onco the real cause of this confidence. Tho Immediate danger point
had been tho possibility that the British army would be overwhelmed and
defeated by the first onrush of an attack which had been carefully and
deliberately planned, had been perfected
plated the employment of a force 1
above the capacity of the defenders.
But when this onslaught had been
British lines could only be bent nnd
the financial district and no further scllln
Steadiness of Anglo-French Bonds
Tho most nvallablo measure of th
ncss of Anglo-French bonds and tho
Issues. The former gained fractionally
oped open strength, though It must be conceded that other Influences,
so far as the latter were concerned, were at work aside from the Imme
diate effect of the progress on the battlefield.
Stocks Must Be in Strong Hands
It becomes quite evident from the behavior of the market that stocks
must be in strong hands in the hands of persons with ability to appraise
Important happenings and not become panic-stricken as a result of
merely superficial conditions. As to tho strength displayed by Liberty
Bonds, the main Influences have comprised, first, tho comparatively
small volume of the new offering; second, tho fact that preparations aro
tinder way for the creation of a sinking fund to act as a stabilizer on
quotations for all tho Government's obligations.
The recent estimates of the amount of new bonds to be offered havo
ranged from $5,000,000,000 upward. Of course, the $3,000,000,000 now
definitely decided on Is a minimum, since tho Treasury will exercise Its
own discretion In making allotment.! on subscriptions exceeding that
limit. Tho delay, possibly Inevitable, In completing contracts for war
supplies has afforded the Secretary of the Treasury opportunity to bo
more considerate In his demands on the people's savings. Becauso of
such delay funds are not needed in as large amounts as would otherwise
have been required If supplies had como forward on tho largo scalo
originally intended.
Curtailment in Credits to the Allies
Coincident with the cutting down of Treasury applications for funds
has been a corresponding curtailment In tho matter of credits to tho
Governments associated with our own In the war. The object of such
credits, as Is well known, Is to afford facilities to our Allies for paying
for war matcriul purchased In this country. But with the freight rail
road blockades and delays In manufacture, the volume of such materials
available for export has not reached the proportions originally Intended,
Hence a corresponding curtailment In credits has been decided upon, to
continue In force until a freer movement of supplies abroad can bo
undertaken.
The money situation is such as to suggest the wisdom of making
the call for subscription funds as moderate as possible. Time money is
badly needed, but funds are not available for loans with fixed maturities.
The money pool Is successfully meeting the demand for funds repayable
at call, but the pool Itself, presumably as a matter of policy, Is not par
ticipating in lurmsnmg time loans, rnis seems a part of a general plan
to prevent overexpanslon In any of our national activities not entirely
lllch
Alalta Old : t;
Alaska Juneau l'
Am enn tH
Am V & Vy Co ;!(,
Atit Uiim'pd... . a I
Am Ninriilng. . ?Jli
Am Hum Tot.. no
Am stl j.'dn . . :t
Am Til & Tel. loon
Ani, Tobacco.. I .".' li
Anaconda . . . (i:i
Vtrhlsoii . K.l"i
laid Loco I'd. ?i
Hnlto . Ohio . ,VJ
llatopllas Mln. if,
lleth Ntr-rl 11. ;;.t,
Htltlc &- Sup ' IDS,
t'al lvtrol .... l.vti,
'"an I'aclllc .Issn,
i'ii Leather . un
'liei & Ohio. .inn.
Chi jt a m j.. ii
do nref . . ;ij
" IU&I' Gpcprtc5H
Chile I'oppir. I.V'i
! I'HIno Con Cop jii'.,
.Corn l'rofluct. nvj.
Crucible htccl. il.l
Cuba Cinie Sug '."in
IMHllllers Sec . II'',
I line ii'l,
,icn i:iv Co . . in;
I General Motors.! I K
I Hoodrloh H y. 1 1 -i
i Great North pf on
It X Ore sub S5'4
Illinois Central iim,.
Inspiration Cpr nya
Intbgh-Con Cp "
int Mcr Marine -J Hi
do nref
Int Nickel
Kenmcott Cop.
Lack Steel . . .
Mc Petrol . . .
M S I' S SM 1,1,
N'evnrla Co Cop
V V Out. . .
N V N II & II
Ohio Gas . ...
Ontario Sllwr.
Pciina It li. . .
Pull P
It.iy Con
I Heading
Hep I & S...
Sinclair Oil..
, ''o Pacific . . .
, ho H It prof. .
Studebnker .
Tenu Cop . C
Tob Products.
Union Pacific
Lulled Clg Sto smi
L H Hid Alco .l'.-J'j
U S Steel mi
pref . . loui
Ptah Copper.. "(Ci
Va Car Clicm.. i;
vv niiasii prer A
Wt'Stgh-e MfK
Wilson Co
White Motor
Will s Uverld.
KOli
ssv,
;;
run,
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:ik
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it
i'rfr lm-i
Cop. 'j.Pi,
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ir.'i l.l'a
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sa'4 n.i'4
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Cloao clitr. I J7Mfi0 Anclo-rrench Ba.
114 14 I lnonn Am Km A iif f,s
iiii """ mer rei cit it,.
' limoo Amer Writ pap
1 MW) Armour fo Vli
. . mun Halt , Ohio 4a
J n; -' tlklsu It T fta 10IS ti'l'i
2. ,',' 4mih llonlenux fla ... sit
T,J? 1 " ent l.l-utll let ,1a. HI
1V Iim') Cal Ull HtH 4Sa. S7'i
t , mum i"hl H cj Joint 4. n2Va
4. T ,111110 CM & HP rv 4'8 73
T ,, iimiii 1 -hi It I . P rf.l U H.Tj
J ,? 3JIHII) flly nf Pirla (la. s2
limn iVr dj pjaco 11., , lir.S
I 711111m rrctii'li llt 64s li.lt,
iii'i'i ill Hicel ileb l,a S3
HOun Interh It T ref 0a 7!iS
ti'ii'i Khii city Mo .".a.. 7V4
HKin K.,n City Tar let 4a 7.1(1
I'KIII Link Kteel Aa lll'J.I 0.1
limn Louis i, .Nnah li., i:i'j
7nn l.ll, llnn.l. .11,.. w
JOniooo d I. '...'..,...'. ni.li iMilui HI
ijisxi an ll 4. 117
"nun t.winn 1I1 Ml
3unn .inrsi-niffv n, . . n
.'illllu Via l1,,! am 4n. r.r.l.'.
It .Tlllliil N r C t II lla, I'.l
4 a, .101111 On 4a Tin,
Vi !'""' N V I'ltj Is 1li.1ir. sitij
is, tii-'i dn ti liiria,.,, n.l
, n2 Iihhi N V II & 11 ,ij s'l
X 1 IO1111 N V ltwy dj ,1a,. tn'
" anon N V Tel lien l4s S7't
'i lliuil N Y IV 1: 11 4'ia 4.1
14 1 .nun Nor Par vrlnr la. mi
a. t l.,iBi Prnnu gen tt 4'4s y
j. Hi 1 innn Pub Serv N- J ,1. . sin-,
, , , limn Ptra .Vlarnu.tto ,a '
X i : , 4nmi lionilne mn la... M'
I .Minn MiiKlalr 7s . .. Ml',
- '1 , lii'Hi St I, S PodJ ... 11.I
4. IJi I L'nun lu In 4
1 lonno dn Hir A , r,7
.,. nnili) S.ahrd A I, 11UJ Sa B0'4
-U I.I .--"" oiii,,,, t l.v tV "15. . ,(l
- .'Mm io rv on ....
1 1 sunn do rM 4a
- Vii Innn South ll uon 4a
-Oun ,10 ion .la. ..
.. n 7()i Texas fi l,a
. ,.? t'dliil t' M Itubber .".a...
. 1H t M tlot 4s. . .
1 l.llliHl t) S .strrl fl r .la
s Hum Vnlon Pur tat 4a
'a .Minn tin ,.i 4s
tiiinu iio rM 4a
Sales in Philadelphia J
Illarti
Am Oas. ,,
Gen Asjih
pref .. ,.
ISOLkSupCn 141i
10 l.eh Nav. 01
Lit Dros. ,.
03 PennalllJ llli
i Phlla Co
cum pf 30,4
31 Phlla Lie SH
P II T t c
Ton Pel. . . .
Ton Mill. ..
SOU G I .. 08 !'.
10 17 S Steel oy
var 1 ks
I.o iv
1414
01
an v,
S354
0BU
rioaa
4914
01
fJSli
4 I ',4
8014
31i
3
01 U
89'i
8?i
Net
chec,
4
tQuotatlon given Is Thursday's close,
l.Tll sales, 2BI aliarra. compared wllh
?.V1!I .!.... ...,.!... kl. ....I. IflKUl
r.13 tharei te,lanlavi
shares) last Meek, 10,200
this eek,
hares. 1
10,590
U'l's
ftilli
S8',i
301,
7(1
lMi
II
IX
'.!)
SO
:ih
in
70'.
Oil3,
US'.
7s
101
III
117. 117
SIS Ml
SIN Ml.
nos ."rt'a
MI'J MI'i
111 lift
SO S'l
1'l, 4')'.
s; s?
11 n
Ml Ml
snu s'll,
Ml'4 MH4
7'lS 711'.
M'a M.
Srt', Ml',
fll 11.1
IS IS
.11;, .-.;
7rt 70
lit 01
IMi.MJS
lllxn l.er
Closo
Nat
cbce.
t?4
SIOO Am nasi
Llec5s 70 71) 7I
1000 City 4s ',3 UJ 07 07
1UU0K1 .t I'evi
1 . . Tr 4s. 70 ".0 v 70
1400 1,lb Ponds
.Vis... no on. .10 09
13180 do Is... 07.12 911.80 1)7
330 do 1st 4100.90 98.90 90.00
2000 Pa Co con
I 418 '65 8914 89'i 8914
2000 Phlla i:iea
1st Ss. 93V4 0314 03 !4
.Total sales. 1U4,300. compared villi MO.
0.10 . jrsterdaai this week, 2J4,800 luat
Meek, J13U.230,
HO
.10
11,
113',
S3
Ktli
28
83'i
OO'd
ll'i
17
'
ISII
SO',
ISi'i
!)
11)11',
78
llli
""i
IO'-j
111
ti'4
I7"l
-1
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P.
- 'h
- "I
. . ?sl .
II iiiiiii 1- 1 e.t t I, 1 r .- ,.t-r
4IIKHIII lo fiVJs new 1011) ii,
iiimn Aa .",', 1021.. 01'J
JOnn Va, It a "1 Ml,
101 10 Weat MU 1st la .. 5'Jl,
111'.
HO-,
IX
'isS
i7'
MS
S2'.
7K',
lib".
III.
Ilj',
Oil',
:'.
ill)'.
HI
ll,
7s
10.1
Ii7'
llll
ti.Ti
Sill,
Blt'a
Local Bid and Ashed
fLS
"K d
EXTREME DULLNESS RULES-
TRADING 0N.L0CAL EXCHANGE
.....
Only Two Stocks Appear on Tape During First 3
nour Liberty Bonds Make Up
Bulk of Business
AmorUnn Morea .
liiiMnln
llrlll, 1 a
Bull ,t Kus'i t c. .
il.i pref
Llrrtrjo HtorsRo . .
IJpnerHl Asphalt ..
Ul. ,ri ffc
Ivri atone Telephono
i
Toilns".
Hid Ask
20
74'i 7li
23
Thursday ;
f
ma
7i'i
-i
'.4 I
1ai
- 1
t7
4S
M'l
4"
S
r.n
. T.rfltA Rnnrlnp C.fri 141.
vi llli ! LehlRh Navigation.. 0.1
i,ehiKh vnllsy ... ns
l.ehlch Valley Tran I')
rlo pref .17
I DEMAND FOR EXPORT I SF"' '
Total s.llns. SI.H.T'.IKV). rnmn irsil
7.OI.O() ThnrMlnjl this Meek. l!).87l.lM)t ,
' iu-. Mmv, i.,,..,isni.
'!s
n
- 31,
Tolal sites. llS.lun slMrrs, roiiinarril
'mIIIi :i..I.:iihi share. Ilinrwlun llil. Meek,
l.1,177.SIH) sh.irrsl lust week, I.SIMI.filSI slliirr..
I 'Ms illMiMxl-iihlo 1'iisl Pupplj. ..
INACTIVE XUW YOKK STOCKS
rollnttlng are nuolatlons for Inactive
New York stocks and In which there
were no transactions todav. The price
glicn Is the last previous sale:
US
.111
Advance Ttum
Artv num. pref
tin iiuwisr .. w;
Villa riiHlmers 21
Vm Ann ihrm ,7
Am Hfet huirar 7.1
Vmr Can Pf 3t'i
Am Or FMii'i'S
Mo Pae J1,
Mo rue pf... 51',
M St I'tHSil tin
Mont Pnw- , . . (17
Nhi rmi- Vs
Nat Itlsrult . 7i-4
Nt lllanilt nr.ttn',
Nat Cn & Cable 14',
MAKES OATS FIRM
Trade Not Active vCorn Sus
tained by Stability in Other
Cereals
t.IIAIV lll,I,T VM:1III.K VOKEtASr
lilraao. Mnrrli 30. Illinois Pair lo
nlkliti Marnier Sundav.
VH.ourl Fair lonlaht anil Munilnv
Mtiriurr north tonuht uml southenst run
dm. Wl.ronwln uml Vllnnesota Pair tonlchl
niul Snmlat viartner rtuiuliir.
I'a I'nlr tonleht and Mindayi vrannrr
tonfKhti loolrr Suinilur.
North Dnkotn I'urlb cloud unil roolrr
tonlnlit unit Siindav.
Nouth Dakota I'nlr tonight nnd Sun
il.ui Mariner soulhrast tonltht; cooler
.iiiul)i,
Nebraska Fair tonlelil nnd Suniliij l
Miinnrr tonlchtt loolsr hund.l.v.
Kuii.ai Fair tonlcht nnd Sundayt
Miirnipr tonlalitl cooler south Sunday.
Montana Partly cloudr and colder Ui
nlrbt anil Sunilav.
VVjomlnir Fair tonlcht and Sundut
older.
rio .1 ir cnt nref 24
I do (1 per cent pref sn'-i
Phlla flap Tran e t 21
I ttendini; SO".
Ponopah Hslniont .. .It1-
1 Tonopah Mtnlnu .. StJ
. t'nlon Traction ... 3fi
I'nlU'il O.ia improv iiil
f H Htfel HO
I York Hallway . . . li
do pref 31 'a
, Wm Cramt) A bona 7K
i.u
IS
in
in'4
.11
ii",
IU
CS'i
H;V!
20
.12
20
SJ!.
.ItI.
TI
00
on'.
in
m
M)
17
4s.,
Ifl'i
4-1
S
no
ip;
n.i
r.7;
10
37
21
Ik
a.
.'IU
ns
mi
Mi'a
II
31 'i
78
21
I'.n
18
411
lll'i
Til
0
illi
un
20
:u
20
s;i!j
3i
.TI
OiiS
S'l,
in
:ij'i
so
I PHltA. inactive stocks
1 Vnllovvltig aro quotations for Inactive
i stocks listed on the Philadelphia Stock
' Lxchango and In which thero were no
l transactions today Tho prlco given Is
the labt previous close:
Amr Oaa war. vl4 r.cli Valley .... r.R'
Clilraco, March 30.
in every detail and contem- Am .--..on u. -, jjj - . " r P
n both man-power and metal for , Amer ii fc. . tan 'n'-mei. . 4. . 'V;"'"s Z. "'
'.mr Int Cerii v.". Nat I.ead . . , ,14 May opened at SfifflSSi!-. rnr.iln..
. ,.... J ... ?1I. V V A f Ural,. 1". ... . ". . . - " . '-" "" "
resisted and It was found that the i.oeo .... ni-i N Y rentrai::. no', v',c al '"e ena ot Thursday, and later
not broken, confidence Increased In Am l vi-- - , 'R .,., 1"., -" 7,'V' " rece""8 "ere lonayH
g of moment occurred. Am Malt pf.. 4H J'iiVUii There were good rains In Kansas and '
aS PrrfJlt pi a: oo'4 N'orf ft outh. 2li tho Panhandle of Texas, which benefited 1
rmV "inii. vorf & vvxt pf 70 j i. mrai y. Hprei.ni- wiwai. central
e actual conditions was the steadl- Tm sGiar . ! ,. ini ' r!'' -?""" ii'.i Y ! "a'I 'r"m, ,""'' to "v. lnc"M '
direct firmness of our own Liberty j Jffi'lOTjK, 0 f va' scoMaJi S , ' eelvVd from Lherd todav? "" r"
' and tho latter at times devel- 1 t? -f .K. .... u ;.!ii Ohio n rrta . s Corn was sustained bv thn stuhllltv
1 .m , u . .i v. '
Amrr Ilwy pf.
Amsr Storsa ... 20
' Illance Xnaur. 10
1 Amer Rvry ,,,, 30
Anier Mill .. in
1 Amsr Btnrea pf 92
I llrlll J o pf.. 71)
Ruff A. Pus I e.. RS
huff A 8uaq pf. 48
, Pam Iron. .. 40'.
Cam Steel ., .121
Catavrta 1st pf S3
' Con Trae N J. 61
nice KtoroM... 4K'i
len Asphalt... 1B'
in b n t to
lit 4 n t pf.. it
Ins I'o of N A 2.111
Ke atone Tel . . SVj
Kfatono Tel pf 57
Key lei lat pr lit.
Cell Val Te pf 27V.
I. Nav 2il rt Pf 43
I. Nav wr w I 7
i.ittle Schuylkill .11
Mlnahltl
N J & Ke,
North Cent .,
Psnna Salt . .
Phlla CV ,..,
Phlla Co pf,
Phlla Tract .
P H T
Pnn Trafflo
ltwy Co an..
B0
In'.
7.1'i
81
24
28
nai
28
2H
4
ITn Cos N J... IU
U s Steel pf. .10014
West i.'oal ... fl'i
Wm Cramp , . 70
York Rwy .... 0V4
York llwy pref 33
Short Term Notes
Ttatefc
Amer Cotton Oil f
Amor TAT suba il
luit A Ohio a
. M -T- . T '!
Am Woolen s .10
1 Am writ i-ap m -;
I Am Woolen nf "
Am Zlne fc A. 11
v.ao n n 1st pf r,2
,,.o01l .. ... M'4
I Atchison pref .. 81
All fwst t.lna si'a
1 All O IV 1 101',
I Amer I.ecn pf 08
I Halt A Ohio Pf 34
llarrctl Co . .. 1 "
, heth Steel 1 JS
lleth St PC nf 101H
Ilklvn Itap Tr 3R'J
Hkln l'n Oas. 10 1
Brown Shna . 1 '
nurna Tlrothers 121
Ilutte Cop V. 'i
, Cal IVtrol pf . 43
I Cent l.esth rf.l 01
, Cer de raseo.. SOU
Chandler Mot . MVj
Ch & Northwest 02
Cht Ot W'eat T'i
Chi fit West Pf 20
I niuett-rtxiv jar iio
I Col Furl A Iron 37
I Cmsol Oaa .... J7
Tol ft South.... 'JH
I Col 4 So 1st Pj 47
I Col K So 2'1 Pt 42Vi
, romp Tab lice. .'T
com 1 a
l-nnf Inl
Corn Trod
niens Hot..
Pae Mall . 27'i
Van-Am Tet nf. 01
Pen Oaa li C .. 43
'ero Marquetta 11 '4
Pers Marn pi., Si'J
Peoria 4 Taat. .1
Phlla Co ,21
Pierre Arrow,. 37
Pleree-Arrow pf fi.iu,
Pitta fc West 20
Pitta Coal pf.. so
Pitta Conl... . H2
Press Stl Car pf 011
Pr Steel Cl- e.Ot
rtv Sll Serin . .11 ii
ny stl Kpre pf no'J
Heading 1st pt. :tv
neadlnic 2d nf. 37
nep iron 4 stl. 07
rtoyal Dutch . . . 7H
Shatturk.Arl ., 17
"t r. s vv . -r
U H F 0U
ravaBo Arms... tin
axon Mo. era . t!
Seabrd A I. pf 171,
Sears noeburk.H2
Sears-Itoe of.. lie
Seah Air Line. Ti
Mosa-Sh.f ... r,i
houth Hall,.. , i.li
tanil Vlllllnv on -
Halt A Ohio.
Hethlehem Steel.
Hrooklyn II T. . .
Can l'ac Rwy. . .
. . ..... ... ' I.CC.JI. f.
oi oais, nut nusiness was light. May Del 4 IIu9aon...
opened He higher at II :6ft. The ar- r-''1" n n
rivals here today wero 117 cars. ' nlUISi rii.H?'
Vhl rvmAn fta fmnn .a YTmIa.9 raijLA m " -
L'i,Kla Hum un- uiiiicu caiaies ror
the week wero 420 734 bushels, against
1, 2:6, 853 bushels last year. For tho
season they amounted to 19.814,447
bushel", agalnt 40,775,960 In tho pre
vious season.
The receipts of wheat here today were
seven cars. Exports of wheat nnd flour
from the United States for the week
were 2.497.875 bushels, against B.26L-
oo iiusnem a year ago. For the tea
bnn they aggregate 17(1,102,082, against
N Y Central
N Y Central..,.
N Y N It 4 H..
Pennsylvania C'o
Pub Srv Crn N J
R A V M C Co.
Southern Rwy.,
United Fruit
t'tah Secur Corp l
.1
r.
r,
rt
4
r,
il
It
4H
r,
.1
414
.1
r.
r
r,
Duo
Sept -18
Keb
July.
July
Fsb
July
Mar
Jul
Aug
Apr
Deo
July
May
Sept
Apr
Juno
Mar
Feb
Mar
May
Sept
RH
01)
08
0Vi
08
074
OH'.
07
o:'i
1)7 S
03
00 H
oos
00
0IV
00S
01
0.1H
87
on'4
8.1
Ask
00
OO'i
00
08
07
om
o.m
too
fni'4
oo'i
07
00
OH'i
0'
88
07
100V4
S'j
FOREIGN GOVERNMENT SECURITIES
269,905,393 bushels In the previous sea- 1 Russian Govt
son.
Leading futures ranired aa followa!
..... Yeal'y's
, Open Hlch Low Cloae cloao
Corn (new delivery)
My ... 1.26 1.26 1.231.:51.26';
Oats
April ., 00 oovj so'i son tsn
"an ... S'H ."r',111! P'-- 8.1't
nt CalM 17V? 5,1"d,'b,",l?r pf . 00
Prod pf. !'T S l;': -. 43'i
b R 1 1 V V ; JuifBlS'i?. .!?.,.3,
Cu'ba'c-n-'A'pf 7 ft"', J-.....1421
essential to winning tho war.
SEEK AETNA PROXIES
V-
Financial Briefs
?,
U ''The Standard oil c-nn,n.-.nv. .., i.-,.. volumo on tho Phlladclpl;
fl '.trports net earnings for ycifr ended De-' change. Bales of stocks not reaching
iuu,uuu snares, una m uouus iuihuk uu
low JDOO.OOO. The month was the dullest
of any this year to date.
Monthly transactions In stocks and
bonds for three cara follow;
MARCH STOCK AND BOND
TnAniNr; very smalt.
. Committee Formed to Oppose Read-
Only 90,175 Shares Change Hands I justment of Company's Affairs
T ..1 Tu.V,nnn I . ..
uil .ui-ai i.Av.nmiBu N,. yOTk
t or fcloi-I;
Trading in March
March 30 A
of Hot-kholrler .r . " T"a mmlttco
was again of wnallCompa -vploalvcs
ulclphla, .Stock L'x- 00 'l.aVe,,eoV "o" mn'" ml ' nreferre'f
i..u nAi ...-i,in- ?le-. 'a I'reparliiB 2 ..iriJ..pIrc.rTl
n.trnlr 1?niihan.l?.1
Deere Co pf . 01
r.-n lltdpl R
Dome Mlnea , .J
Rrls 1st pr. -i -a
I Kris 2d Pf.... ;",,
Rlee Stor Bat. . 18J4
Fed 51 S Prf 28'J
r.aaton-IVIIl IV. 3.TJ
Ten Chemical. .115
. t.reral Clear.. S'4
Gen Clear oraf oa'.
General Elcr ..137l4
Greepe.Can Con 30
lulf States Stl, on'4
Itartman Corp, 81
Havana Elec.lfll
llomestaks , , . 86
tnt Agriculture 12
Int ABr pref 10
Int Cona r pf 42
Int Hnrv N J. ISntJ
Int Nickel pref 108
Inter Paper ., 20
nna rentral... 28
lewel Tea . . 'a
Kan City So.. Id
Kan Cy fin pt, 41
Keok ll))l. 4i
l.arleds Gaa .. so
l.es Rub 4 Tire 1'S
thleh valley . .-'in
Lorlllard 181..
I Louis 4 Naah. 11.1
I Manhit F.lee, . 04
1 May rept Stra. 48
Mav pent 8 pt 10.!
Max Motor . . . 70ii
Max Mot 1st pf rl
Max Jlot 2d pf 21
vtev Pt nref... nt
Mkh Central... lit)
viin 4 s L new Hi
! Miami Cop ... ,10'4
, Morels 4 Essex 3'i
' Mo Kan 4 T. . . S'l
niui.Wm. Al
Tohaero pr pf n-i'
Twin Cltv Rapid. 5-
'ndervrd Tjpe ,101
!'ndrnrd T pf,H2
l'n Allov Steel, .1814
!:" "v Pup IIS
In Us 4 p pew n.'
1 nlon Pao ftt 77t
!,n,.C?rSlr Pf.102
United Drun .. bo
J ntd Drtr 1st pf 4SiJ
IJn d Dry 2d pf 70
J'njted Fruit .123
t njled Pip Ftrj lr,n
rnM!.,iTr.v,nFV;1,.r
j: r 1 p n.: 41
t S Ind Alcn pf dip.
ir 2 U''.!y lmn 13'
PS Realty Imp
it pre; ... no
1 1 Rubber. . . , R.I
' S Rub 1st pf.ln.11,
' S sm 4 R of 411
Ptah Sec Corp. IS
V'a-Car Ch pf.tnt'4
a Iron ('. 4 C 00",
W abash 7
IVahasli R
Wabash pf H., 22
W'arren R R.. 1.114
Warren R R pf 113
West Pacific . . "rt'4
West Marvlar.d 14
Weat Md 2d pf 20
Weathas 1st pf I14'4
Wheel ft L 157. 10
Wheel ft I, E pf 20
White HfotorsT. 42
Weiia Fareo . . 7s
Wllha.Over nf. 80
Wilson Co pf,. 01
wia cent 38 14
Worthun P 4 M 8'4
Woolvvorth ....110
March ..
May . . .
x.a pi
March May ... 20.00
Julv ... 2li 00
Itlha
Mart.li
May ....24 60
Julv . .23.(13
Pork
Vt.i 48. IX
Hid. tAaked
Amer For Secur. .1
Annlo-FTench . . .1
Arentln Govt,. !
City of Paris. . II
Miepn or i-ranco iv
r.V.
r,
r.
r,4
Rusalan (ovt ,,
Swiss uovt ....
tt K of O R 4 I.
II K of O II ft T.
u k of a n a i.
Auc
Oct
May
Oct
Apr
June
Dee
0.1
00
0.1
81
01
38
3T
Mar '20 100
r-ept '18 08
Nov '10 06
Nov '21 02
Convertible into lone-term bonda
03
00
0.1
82
0.1
42
40
100
00
06
03
80 80 84
26 on
26.00
24 r.n
2.1.03
83
0211
654 I
NEW YORK BANK STATEMENT
.... 23.72 P.M.07
2.1 71 J2.V 82 26.07
23.72 123.0U 20.12
.... 124.12 124.37
24.4.1 24..ln 24 77
2.1.80 T24.D2 23.1.1
48.13 47.81
tominai.
47.83 48.40
Federal Reserve Bank Statement
The condition or the Federal lteserve
Hank of Philadelphia for (he week ended
Thursday compares with the previous
eel; as follows:
RESOURCES
March 21
Gains in Average and Loss in Actual
Loans Reserves Increase
New York, March 30. The New York
bank statement this week shows gains
in average and loss In actual loans and
Increase In demand deposits in both
cases. Average reserve Increases.
1 Details follow:
I AVnnAQE .
, Increaas
t.nana 4, 330.848.000 $43,128,000
Vet demand de-
poalta 13.740,107.000
Net lime deroalts lSrt.ns.v.nno
I Gold coin and
ccrtlllcatea In
a.ault
O o 1 il aattlc-
1 ment fund .
1 Oold with for-
I ilea acencles
1 Total eold
1 hell by
bapk .
Gold viltll
Federal Re
serve scent .
Gold redemp
tion fund....
10.513.105.00
60,98,1,000.00
3.073.000,00
March 22
19.378.080.00
til, 432.000.00
3.073.000.00 ,
Circulation .1.1.676 non
Cash In vaults., tln2.070.00i)
Heme of mem
ber banks In Re
serve banks.... 318,438.000
Heavrvo In Stato
.43J.000.00 I companies 117,308 000
lleaervo in Mate
hrtnka and truat
1 depositories .... 7.881,000
Aeereeate re
104,203.103 00 164,485.080.00 Reserve ' required
surniu
30.643.nnn
8 033.000
434,0011
1.. ,03.000
0.213,000
300.000
130,000
70,730.730.00
2.000,000.00
77.830.280.00
2.000.000 00
Total Bold
reserve . . .1143.033,025.00 1143.881,000.00
Lteal tender
notes, allver,
ile. , ! 1.B07.6S3.S3 1.032,109.0.1
serve.. ".1147.321. 608.83 1144.034,009,03
Svfmber 31. were Jl,422,082 us compared
SU7atfUli it .Tfttu l mid
Si- ' '
,jt.uross earnings of twcnly-one rail.
iror tnc third vveek In March were
H7.V33. airaliiat l'I.S.11 r.71 .1,. ........
; last year. The Increase U t onn .
L JL. ' -,--..,
WWje V .
; wacial announcement Is inadft that
are w. Mvers. ,npn(ni ii-n-ir.,. iH
Irm of Arthur L.lnDvr & tn huuin
Maroh 19. Mr. MvrrH'H impit i..
i frm pnna MuraIi "n
Larho.Jiondoti Stock Icchange will be
Btapuay una iionaay, April J,
r,Thrsday the New York Shln-
y gainea luwmo from the banks,
a r.tLBh net iraln for Hia wi, .
Hl.UOO. Yesterday's gain was 1218.-
i V Tnternatfonal Silver Company
lor tne year ended December 31.
S v.v, .(niuai aivi.ous tor
vklends uald on ureferr.l t,.i.
Mat to 8423.002. ucalnst 1301 4-tn
t. Profits and loss surplus as of
ji was .tJi,iuo.
rlman Corporation' and sub-
nl. report for th year
F.?J'',BJlL nft-.Profits and
I.J IS.' The. balance aheat
aber 31. shows cash in
i barld or 1214,360. surplus
UMi. total aaueta and
V-.-C'IK'V...
ESP
HN5i
V
Jan. ...
Feb. . . .
March ..
April ...
Mar ....
June ...
July . ,.
Ausr. ...
Sept. ...
Oct
Nov. ...
Dec. ...
Totals.
Jan. ...
Feb. ...
March .,
Aitfl ...
May ...
June ...
July ...
Ave ....
Kept. ...
Oct. ....
Nov. -Dec,
.
Totals.
101S
231,427
1117.008
00.473
-Number nf aliares-
1017
403..130
3.VI.74U
aoi.h'jii
2 111. II J.1
SlI.I.O.'U
2S7.I22
2.13,4611
'JIM.II33
2.1.1.211:1
323,3611
286,72.1
257.307
1010
3h7 100
i.reiiaritiL- ..!.. i ...- . -: i
Hockliolfli-r.. ..1 i7; .."-u'al lo. tcnill
..... ..u,,,,,K iur urni a f..
name or 1.' i- ,.-;, - v.'-"';" '"
ill. nf i;..ii A' A '"" Joscpn
";or.c0",".,l! ""P Janic
Tha ,..,.:t.: r"' -umiaci,
O LUIIIIIIIIII'O U I-k.r.r . ..
to readjust tho comiu'n'-s affairs on' the
ground that mien n i.i; 1 - ! Lr3 0I' tno
,-vny proxies
tlm rnm,i.7. .".': - w chairman of
of rtosenberg & Rail. Iscounscl e"DCrB'
LOCAL MINING STOCKS
TONOPAII STOCICS
Rid
Hills discount-
ed. membera. 131,418.720.98
Hills beusht In
open market 22.430.852.40
Total bills
on hand...
r.4.l.23.nno T.noi, non
407.022.6.11) 3.842,410
46 O0-" 310 3.2IS.5U0
IRneels Included. 176.433 000.
United States deposits deducted, 12rl,
257,000. ACTUAL
Loans 14.385.461, 000 111.750.000
Net demand dep. t3.7.1J,SV.1.0nO 40.236.II00
153.838.582.83 147.437,206.86
'.rataP'3..V"5nry,
-.". . '"'.' fr.ri ..in h ...r... "". .'"-.'leii, there.
SSlVSft oflrcctors'w. no', ? cWvUan ,
S5..VI. d.E?oSTaH !! laSfe'" uf
201. "33 ' Judge Slaver It .1 . rv. S .?.'.' ?.r,ler. ro""
:&S lSlir ' &, jn Vlfr r 'iiearli
J.'-:-2? y'.o.l'" Proxies agaltift director,,?,..'11
m ., w,-
Jim Hutler
MarNamara ....
Midway
Mlznah Extension
Montana
North Star
Itescus Eula
West End
.0.1
.m
.08
.70
"?
'on
"7
13 I
mi i
.mi
.70
U. S. Govmt,
lonjt-tcmi se
curities ....
U. H. Govmt.
ahort-t e r m
securities . ,
Total U. S.
securities ,
13,533,830.00
7,301,500.00
Net time densts.
circulation
Cash In vaults...
Reaervo of mem
bar banka In re
serve bsnks ...
Reserve In Stato
banka and trust
ciimoanlea
120,265,535.01 I Rsaervo In State
banka and trust
depositories
Aa-areicate reserve
Reasrve rtoulred.
Surplus ,
ISpocIe Included.
17. S. deposits
Decrease.
18i.3ii.nno
.n,s7-.iiiin
110.OS2,000
235,104,000
117,376.000
0,448.000
4 on, non
181,000
10,585,000
370,000
18.171,711.82
15,460.900 00
8.050,500.00
113.040,350.00 113,023,400.00
702.731
3.011,887 S.362.U33
1018
.11,083,350
, 1,050.233
, 633.100
-Par value of bonds-
ing tho plan.
1917
12.440.150
1. 070.700
1.U7U.63.1
2,IU,.'I)
1.333. .1011
801,331)
964.03U
1.213,430
1.V.13.K5M
2.4116.11)1)
1, (III). MKH
L2IH. 23U
1010 ,
12.0li9.230
1,011,11711
l,06.1.4fln I
I.423.3ISI
1,571,15.1 '
1,414.711.11
1 IIMI 0.".ll '
1. 136.21)11
1.1HI.0HI
1.726,0IKI
1 764,00.1
1,836,130
RAILROAD EARNINGS
CANADIAN TACIFIC
Atlanta ...
Illux Hull .
Hnolh
Illsmondfield
Palsy
Kewanaa ..
Oro ......
Numl Ken .:
Silver Pick
COLDPIELD STOCKS
10
.02
Ttnea aVa't's 100,598,032.38 100.000,666.80
IJ tl e in
.04
.01
."1
.06
.01
.01
.01
other P. It,
hanks, net..
U ncoll acted
Uelna
lull Deduct lo ii a
re-
.11
oi!
MISCELLANEOUS
.in
,na
03
.0.1
.05
Ariz United ....
N'ajvaria. Wonder
I Tccopu Mln . . . .
...... .1.1.1
10
i.;i
.Is
erosa
120.822.073 110.308.SU
Cotton Statistics
Kew Yerk. March BO. The statistical
position of cotton la aa follows:
This week Last vrctk Last year
T5rupoiy,,b.1.' a1.T03.lll4 4,T07.JT 4.831.030
AKsJic'sn!1 3.446.514 M37 3.504.039
i.. .,. -..... v
aj.nfz.MWL,v.aBai.i..A l
. -r . v.... T -.T'ri,-:
j'", .. H?
I,1?,1,',,, Increass
10,574.301 lino (I 't
30I1.MIS L.lii-i'ivi
20,ai;4,ii!) iiiJlia"
IIUFFALO AND SUSQUEHANNA
February groa 110n,07 ''ittuso
'iJ iiuea
February
.et
from January 1.
Nt
Net
Surplua ....
Two months'
Not
Surplua ....
Decrease.
.1.1,073
33 07 1
58,588
104,281
7,143
131.012
12,102
-4.420
British Currency Notes Increase
London, March 30. The Bank of Enr.
land reports tho nmount of currency
notes outstanding as 303,799 "89
against 200,60:,07 In the previous
week. Thn amount of oold iMrJiH
redemption pf such notes remains ot
4'.i.,l,viO,
f.iy. '.
DIVIDENDS DECLARED
Nevada-California F.lectrlo Company, a
dividend of 11.7.1 cnverlne accumulated dlvl.
den.l on preferred to April 1. 1018, pa.able
April ,10 to stock ot record March SO.
Western Stales (las and Electric Company.,
regular quarterly of 1. per cent on pre--ferred,
en j able April 13 to atock ot record
March 3U.
lYealnehouss Air Brake Company, regular
ouarterly of 11.75. payable April 20 to stock
of rtcord April 8.
Amtrlcan Trurmoa -Bottle. Company, a
dividend ef-40 f. ahara.paya.ble April IJ to
atock of record April 6.
Tennessee Copper and Chtmlcal Corpora,
tlon. a dividend of 11 a, share payabl.Tj,.
13 to stock of record April SO. "
.Mountain States Telephone and Telegraph
rotnpany. usual (quarterly of 1 r cent,
payablo April 15 to stock ot record today"
iTnllM urue company, rcauiar quarttr y
f rl per cent yn first Psfamd, pajable
'I
islts
41,010.034.00
41,010,031.00
1.273.154.00
from
d.DOS
All other
sources
Total r e
sources ,.1250.703.720.23 1248, 147.603 S3
2.610.310.60
38,858,312.80
40,008, fl"3,0
1. 234.246.32
7.820,000 .108 oon
500,51111,000 11 ,5.13, oon
4n'i,ion.88n ,1.110,711)
nt,, inn, 120 11,133.200
176,402.000
deducted, 1291,415.000.
OUTSIDE HANK STATEMENT
aiAitt ua.wivs
Increaso
1113.000,400
10.003,400
284.60n
200,000
23.803,200 1,350,300
31,134,700
547,007,500
08,080.100
22.24
13.248,000
7,107,000
12,808,800
Capital paid In
Govt, depoalts
Due to mem
bera. reserve
account ....
Colleu tl on
Items'
Due to other
V. It, banka,
net ........
LtAHILITIES
ii.h7:i 3.10 on
16,003.055.78
83,642,017.10
32.543,400.00
L420.720.S3
ta.863.soo.nn
8.973.687.48
81,303,782.07
31.175.315.59
Total irrosi
depo.lts ..1131,002.181.47 1131.454,983.74
F. It, notes III
actual clrcu-
iHtlon 114,262.105.00 108.815,315,00
WlUlei"r. .'.'." 868.088.70 e-f 13.403.09
4K .' ' May to.jtiKjk of rrd Aw
ctt-ri.
Total Habit-
Itles . . . . 1256,708.728.23 124M4T.603.83
Extra by American Screw Company
New York, March too. The American
Screw Company has declared a regular
quarterly dividend of'1 perictnt and
nn extra of 4 per .cent, payaMe. March
w(i !; rtww.warsja Jg.f K
Loans and Invest
ments Gold
Currency bank
notes
Deposits Federal
Reserve Rank
f .Sew York,.,.
Deposits
Iteservo on de
posit Percentage of re-servo
TRUST COMPANIES
Tnjrll BTill lntBt
ments "55-IJ2-222
Oold 20,508.200
Currency bank ,,.,.
bills 15,335,200
Deposlta Federal
Reserve Hank .......
of Neva-York.... 208.117,100
Deposits .....I.. 3.087,675.000
Reaervo on de-
poalt 318,838,300
Percentage of re-
aerve 18.1
STATU HANKS ANIVTRUST COMPANIES
..nm nunIIITIUO W-n f't.VlllllHn .,ri,1.,n.
,U1 it--t v ,m v ...... ,v nwvgi,
Iiana and Invest-
ments f?J2.415'2P'!
Oold ...
Currency
111,756.700
106,300
27,400
7,05n,500
22,133,700
13,153,800
.04
bank
Deposits Federal
Reaerve Hank
of New York..,.
Total depoalts..,,
Net deposits.... .
Reserve on de
posit .....,...
Percentage ot re
serve -
Dicrent.
14.013,700
12,200.200
55.143.800
789,010,700
706.284,700
183,088,000
81. It.
18,30.300
23,100
391,800
1.003,400
7.607,200
0.633,000
BAR SILYER
3,00:
,800
.1
K. York (els,)'
m. . . '"'
as xnosy irsi, mjl.
lltwl. W ..
Not for many months lias tho Philadelphia stock market been as small
and uninteresting as It was In today's short session. During tho first hour
only two stocks appeared on tho tnpo and, outsldo of Liberty Loan issues '
only two tmull transactions tool; placo in tho bond division. Even ateei '
common, usually tho most active stock traded in here, did not como out and '
virtually tho entlro homo Hit was neglected . '
Pennsylvania rtnflroad. on a small transaction, followed thn tr.,.,1 i '
Now York aitd was fractionally higher, while a few shares of Philadelphia '1
TTl-(t)l eali-a alini. . t. . ... . a m . ma . " '
",vl-'"t i-iiuinjeu nanus uncunngcu irom inursaay a ciosinr; aale pilco.
Tho Liberty Uoud prlcos wero Irregular, but changes wero ro Email ihat
tlicy nttraetcd llttlo attention. Tho SHs and convcrtiblo -Is wero a litti.
higher, while tho regular Is declined slightly. ,
A small sale of American Gas Es changed hands at 79, a gain of 111 ..
cent, nnd a transaction occurred In Electric and People's Traction it ivlthoip
uuy mango 111 lucir quvatlon.
During tho second hour llvo additional local (stocks changed hands In amnli
odd lots. Lnko Superior advanced 11 uood-slzcd fraction, and 7.ehir.i. v...i
gatlon gained ',4 u point, whllo United Gns Improvement nnd Philadelphia
Company cumulatlvo preferred wero slightly lower than tho closo of Thursday.
Ono small sale of United States Steel camo out just beforo the end of the'
session at 89";, u gain of li.
i.iucriy L.oan avjs cioscu at yu, a Ktyn 01 bu-iuu 01 1 per cent; tho convert. K
iblo Is sold at tho end nt 9C.90. tin a trlllo. and tho regular -Is wero ntieim,.'.j .
Very few traders wero present lit brokers' board rooms, and tho dullness
..na ..t..lU..t-.l .. .t. nl ... . S.. ,1.- l... . . ... 1
i.wa uuuuuiiu iu 1111; uuseiii-u ui muiiy jicisuu-s iiuiu iim city ior i.astcr and 1 1
tno general ucslro to wait until something dcllnlto camo from the battlefield
in prance. This condition was qulto similar to that existing In Wall street
where business wa3 also extremely dull.
Officials of railroads operating eastward from Chicago nnd SI. Louis re-
port that tralllc Is so heavy at this tlmo that It Is dlfllcult to adequately meet
shipping requirements and at tho sumo tlmo avoid congested conditions at
tho leading terminal points. Ilowovcr, tho routing of freight over every avail
able lino rather than over two or three roads has resulted In a largo amount of
Improvement lu trafllo conditions.
Business Is holding up well In splto of tho war uncertainties and a rather
acuto labor situation.
Officials of southern roads report on Improvement In tho volume of ton
nage moving to the South, amounting to aro'ind 20 per cent over the corre
sponding "week a year ago. Jtoro grain nnd coal Is being diverted to south
ern ports.
Competent authorities, who havo recently spent tomo tlmo In tho South,
express surprise at tho volume of business now beltjg handled in those'
sections.
CURB GENERALLY FIRM IN TONE;
VOLUME OF BUSINESS IS SMALL
No Stock Shows Any Prominent Feature Indepen
dent Oils Are Steady Mining Issues
Show Little Interest
New A'orlf, March 30.
Trading was of a seml-hollday character on tho Curb, wlfli hardly any
stock In which aa much as 1000 shares were dealt In during tho half day,
Tho tone was generally firm with this small volumo of business, but there
was no stock which could bo regarded as a prominent feature.
Chevrolet was traded In at 116 and 117, and United Motors sold at 26,J.
Keystone Tiro was steady, with sales at 17. Wright-Martin was neglected
and sales at 7U were made in the first hour. Only ono transaction In Aetna
Explosives was recorded In that period, the stock holding steady at S',j.
Independent oil stocks Wero quiet, Oklahoma selling at 6 and Victoria
Oil at A.
Mining stocks also showed a quiet tone, Consolidated ArUona selling at 2,
Nixon-Nevada at 1 and Ray Hccla at 4. United States Steamship sold at
5 and Maxim Munition at V4.
Submarine Boat was steady, selling at 113. British-American Tobacco con
tinued In supply, with sales at 13.
.i
I
INDUSTBIALS
nid
4
Aetna Explosives ..
Am-Brlt Mfg
Am Marconi
American Writ pap. 8
Air Reduction 10
Canadian Car Co ... . 23
Can Car & Fdy pref. . 50
Charcoal Iron ...... i.
Chevrolet Motors ...117
Cramp "
Curtlss Aeroplane... 28
Carwen Tool 8
Carbon Steel 88
Kmerson Phon .... 2
Federal Dyo 8
Hendee Mfg 10
Inter-Lubo J
Kath Bronie pref... 1
Lake Torp Boat 2as
Lehigh Coal Sales... 77
Lima Loco 4J'4
Maxim Munitions ... . rt
Marlln Arms 73
N Y Shlpbldg ...... 30
Nor Amer Pap Pulp. IV
Otis Elevator 41
PeerlcsH Motor 13
Poole Kng 40
Ncrlpps-Booth J4
S 8 Kresge w 1 18
Standard Motors .... V1V;
Steel Alloys '
Submarine J;'-!:
St Joseph Lead 13
Todd Shlphldg "
Triangle Film ...... J
United Profit Sharing "w
U S Steamship 4 In
United Motors -0Vi
World Film Vi
Wright-Martin Air .. T
Z(nc Concent
HIAMIAKI) oil
Thur. close
Ask tsale)
8
3i ..
2Vi ..
13 72Va
27
62
;
118 113
81
31
0
01
'4 3
10
20 . .
2,
1V4 ..
aVf. 3
82
40
ft Vi
18
41
4.1
in
00
11 15
83
I :!'.( 13
8
13 Vi
111
83
'i r.
r. .1
20H 20
J'.d
Ohio .....
Illlnol
Prairie Pipe ...
Stand Oil Cal...
Stand Oil X J.
.323
.177
.207
.223
.333
INDKPUNDUNT OIL
Burnett Oil & Gas.. 1ft
Cosdcn & Coa t',
Kilt Basin UJ
Federal Oil 3
Inter Pctro i
330
183
273
230
543 525
bTOCKS
..7...
6 1 4
S'.fc
11 n
oi
3
II w
Houston Oil .
Merrltt Oil ,.
.Midwest Oil .
Met Petrol . . ,
Ohio Fuel ...
Oklahoma Hef
nice Oil
Snpulpa Hef .
Sequopah ....
INDICT OIL bTOCKS CONT.
Thurs. clots
Illd Ask tsale)
.... 4'! 40
.... ln',i 10 is;,
....00 98 103
A
6',i
"ii
ft
V
6
8'4
iv'
H,
6
U
8H
1
MININO STOCKS
Alaska Standard
Atlanta . 1
Big Ledge
Butte New York,.,.
Con Ariz
Cal & Jerome
Knraia Con
First Nntlonnl
Ooldfleld Merger . . . .
Ooldfleld Merger ....
Goldfldd Florence ..
Goldfleld Keuanas...
Green Monster ,
Hecla Mining
Howe Sound
Indcpendenco Lead..
Jerome Verde
Jim Butler
Jumbo Extension .
McKlnley Darragh...
Magma Copper
Mother Lode
Mines Co of America.
Nevada Hills
Nevada Wonder ....
Nlplsilng
Ohio Copper
Bay Hercules
San Toy
.StcvvHrt
Tonopah Extension . .
United Verde
West End Con
White Cups
Ycringtcn
3
10V4
1
lft
lft
'A
1
3
n
13
S
ft
1
4j
ft
38
13
13
3.1
30
IK-
3
1
8'.',
H
lu
3.3':
lit.
36
70
ft
13
1H
ft
t
i'A
i
7
9i
4A
4V4
4K,
"4
60
1.1
16
38
37
1
8
194
8 It
tl
41
12
7-32
H4
"38
79
Bethlehem 5s .
Cosden Oil Gs , .
Cosden & Co Cs
Bus Govt 5js..
do 6'1-b
Southern Railway 5s 06V-J
Todd Shipbuilding Cs. 05
BONDS
07i
75
7.1
37
39
07
83
83
30
41
07 ',4
100
10H
lft
1
1H
K
'4
9-31
"A.
4H
a
.
ii
41
37
: xa
in
11 ')
4W".
ty
!-'M1
71
m
BANK CLEARINGS INCREASE
Good Gains for Week Compared With
Same Period Last Year
Gross exchanges through the clearing
houses of the country fcr tho week were
$5,587,707,051, compared with $5,249,
709,981 the same week last year, or a
gain ot 0.4 per cent. Philadelphia's
total Is $219,476,547, compared with
$251,092,708, a decrease of 12.8 per
MARCH CLEARINGS DROP
Local Ranks Business Below Those,
in 1017, but Above 1916
Total bank cloarlncs lil March wereoiJ
$1,427,175,557, which is $39,840,969 Imi
than for that month In 1917, but n".:
977,265 more than In 1916. In Februarjrj
clearings were also below tno recoijM
figures of a year ago. but much larger
than two years ago. Comparisons wtb
last year follow: ....
in B m 1 eii
'tu,.rv 11.r,"2.8"7.6tn !1.SB7,?!.U3,'
cent.
Details follow! ,,.
uo,s'552!i.5os,'4nn:4?o:,!3lt M M?:.::::: fcKfrSSi J$Wi$
li? .IM-I i.'i:f :J5 M Aay1.;::::::::::.:::::::::: i.m.ia.ij
HI I Louis. 120623,2111 05.23.5211 J. 36.0 .,f8 ', ,.,,, flto
De?rfe $&$& .&"::::::::::::;:::.:,: : : 1H
NrlK :ffl: ast-sgyAt KS7..::::::::::::::::: ggfl
Decembef ...;... .'VoT'Tja SSsai
Twelve months , 17,l97.753.ai
FfinKir.v EXCHANGE
30. The. fore'fPSl
ved the usual MJ-'lf
MONEY-LEND1N6 RATES
l'IIIL.DKLPHIA Call, 6 per cent;
time, 606 per cent Commercial paper,
three to four months, D0C per cent; six
months, 6 per cent,
nAvif ri.PAnivns
......... www. ..,...- sieaoy o iirm. i-esei " . .ieJied
Hank eloarlnga today compared-wlth. cor-J high record of the movement reau'
...Una 4a. Iaa tun w Au real ... iet..At..4l,iniS WAPrt! '-
( t;(WIIU4lt - l" inw f t m,
1818 1017
Phlladi,, 1711,53.1.544 150.Ml8.874
Rostnn... 44 4811.125 88.S.14..V"!
N. York.406.803.bS4 590,083.183
1010
144,1011.3.18
4T.806,ln
488.7)41,370
NEW YORK BUTTER yVND EGGS
New York,. March 80. RUTTElt Re-
eiets, 7437 tuhs,
lira, 42V.
421jei Imlla
Eaas Ri
17 tuhs. Blaher scoring. 4SVs 44e;
ante tool oisio usiry jinesi, si
P'stM .. J -8J!i Crow!
firsts. 838ttVaci
PACKing nrsia.
atlon crtsm.rv. 86037r-,
eceipts, q, siu cases,
Extras no. rhanao,
Kxtra firsts,
trreiriilsp.
r flrsls, SBVl B87i't
Is. U4W85C1 storage
; vehllo. 4lc!
New York. March
cxciiailfie niurivcri riiuncu ... , A-
holiday Inactivity and there wero t-
cuuukcs m iiiiiJuiiiiwo .,, .,-----,. a, .ttv
whole the tone might bo described ,
ton,!,, tr, firm. Pesetas neiu v
the.
on tnursuay. viuoiaviun "- r.t,ja
Demand sterling .;"'4'nmmay.
4.76 7.16. Sixty-day bills nominnyi
l 70 nlnetv.rlnv hlllri 4.701.
- v.'. --.-.. "..--.. sesis. ..
J. 4
. a est!. ..
Frano .cables o.iu"4, ciieve-n, v....,- .
Lire cables 8.7314, cheeks 8.70. .
Swiss cables, 4.S1. checks, 4.Hlj '
nuiia.,- nahi.. jsu. cnecss e.ti. ,
i
n.u..M ..hi.. SR 7R. eheeka 25.60. s ,iLfl
Stockholtn cables 34, cheqks 83 i ,'M
Chrlstlanla cables ii. checks J. ;.--JJa
.Copenhagen cables .. '''.VT.J
,A Tiomlnal market a' 'J"1?,,
ts. B3tSUVaCl seeonds, U4IS5C1 storage I I Jiunnuai iiiiui.. r"".i. .a I
king firsts? e37 WS8V,''; ihiti'Ss 4i "i I ruble currency at 14 H tor, 00 on4
wa. no chanssi. mlisd color, lio.awaso. fqr.lCOs,, , )ii',itrfr"'lTl-V '' ti
S&.X.
L"! JtiiAiJ1.
-4
...,.-1-
la.v
s
,wrt