"-,..
: v
.EVENING PUBLIC LEDGERPHILADELPHIA, WEDNESDAY,' MARCH 5, . 1919
10
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
f
i
The New Orleans and
Northeastern Railroad
We have prepared a booklet
givinR n brief history of this
important touthcrn railroad,
recently acquired from British
owners by the Southern Rail
nay Sjetctn.
Copies tent to those interest
ed upon request.
Ask for naikltt PK-un
The National City
Company
Cetrestorltnt Of Its in 3J Cttitt
Pliladelplit U21 Cbnlmt St.
Telephone 5400 Locust
STOCKS TURN DOWNWARD AFTER
EARLY STRENGTH IN NEW YORK
New York Stocks
I High
tAdv'co riumely S3U
Low
:3
bankers support Is Lacking When Ht"h Levels Arc 'Alaska ootd m 3, s
CI Gee
23
73
3'i
Readied Steel Yields on Price-Fixing Outlook.
Specialties Join Erratic Movement
High Points in Today's Financial i'cws
New York stock market showed strcnRth early, but support was
lacking and declines came in afternoon. Broad Street Curb was firm,
with oils and some specialties making1 good pains. Corn declined on
piofit-takinp sales. The New York Cotton Exchange remained closed,
due to necessity of readjustment to comply with Government's new
nilinR. Foreign exchange1 was dull, with French slightly easier.
Directors of thr Tonopah-Bclmont Development Company otod to re
sume dividends, declaring a 10 per cent disbursement for April 1.
Lackawanna
County Coal
Stock
A unique sinkiiiR fund
provision of thirty (30)
cents per ton should re
sult within a definite time
in the payments of
Extra Dividends
(In addition to rfgofar dividtndt)
aggregating: several times
the outstanding capital
stock.
A'eir circular upon rcquenl
Traded in on New York Curb
Gwynne Bros.
25 Broid St.,N.Y. Pbone 3232 Broid
. lorlt. March S. Tho market operations on tlir stock exchange
all through the ilav Mtottcd a reflection of confusion of opinion caused
h the illvturbliiR Incidents In WnMilimton jcMerday, which' lime resulted
in a great deal of conjecture as to what the results will bo to the rallrojd
(. stems of the country and to business In general No secret was made
of the fact that b.inklnp Interests cstcrd,iy believed that unfavorable
ronscnucners will follow the failure of Conprets to pass the appropria
tion bills faorcd bv the administration, but late today opinion diaimcd In
those circles, and It was slated that the railroad osteins will be taken
care of.
fools and toinblnatlons did not cca;e their efforts to force advances
in flic first half of the da. and tc wore Miccef fill then In imltlng
niii" rtiK Ns to new lileh records and adam'liiK other Ij-mics to inatcri.il.
h'slici issues than those picvalllns; In the late trndinp jcstcrda.
Th" iilo-encr of banking support, however, became a more iniuoilant
i o tor than the bullish combinations anticipated, and before midday value
licsrin to crumble, with pronounced weakness clot eloping In the lists sen
ci.i'lv towatd the end of the day.
Vnltcd States Steel was especially affected during the day by tho
belief that Hip steel Industry would pass through a crucial test tomorrow,
when the matter of prlce-llxlng Is taken up at tho meeting of secl mas
ters L'nlted States Steel common, which had been strong at the start,
moving up then to S33;, was liray In the late trading, falling to 02, and
was followed both on tho early advance and the lato decline by all tho,
other steel Industrials.
Kcllv-Sprlnglleld Tire made a new high rciord and American Hide
and Leather rose :i points to the new high of 101 '4. but lost nearly all of
It- gain In a reaction in the last hour. Mexican Petroleum rose A points
to ISO"., which was more than lost toward the end of tho da.
In the bond market Interest continued to be concentrated in tho
l.ibcrt issues, but. while there was hc.it v trading In those bonds, prices
weie not materially changed. '
Local Industrials
Only
Our policy is to offer for Bale
tho stock of nearby manufactur
ing coiporations whose earning
capacity and executive manage
ment, after investigation, have
proved to bo beyond criticism.
A dividend producer of unusual
merit presents itself at this time
nnd wo will be glad to furnish
details.
Benner & Company, Inc.
Widener Building
Philadelphia
Branches in Pennsylvania
READING, YOKK, LANCASTER
PROFIT-TAKING BRINGS COTTON TRADING LAW
REACTION IN CORN PIT CAUSES CONFUSION
Alaska .Iuihu 1 Ti
Allls Chal Co 31 U
Am Aer Chsm 102
Am ncet Sugar 74
Am Can .. .. 17
Am Car & Vy Co
Ani C Pdy Co 91
jAm Cotton Oil. IH
'Am Druggists. 14
Am II & Leu til 2fli,
do prcf ... 101 Va
Am Int Corp 60
i Am Ice, Sec. . . 45 Vs
do prcf . . 63
I Am Linseed . 47 U
do prof . SO
'Am I.ocomotle 66;
Am Smelling . 67
I do prcf . . ltUb
Am Slim Tob 112i
Am Steel Wry. 86
Am Sugar . . . 119
. Am Tel & Tel 1051,
'Am Tobacco l?6i
do pf new 100 4
i Am Wool 0.5 U
do prcf. . 98
Am Wr I'.ip Pf tl't
Anaconda . 60 u
Asso Dry (jds 23 ',J
AKots Ileal n 1
Atchison . . . Dl,
At llulg S. V I 104?,
Baldwin I.OCO. 79
Balto & Ohio.. 47
do pref . 56 'i
Barrett Co . 118a
Beth .k'eel 64 '4
do B . . .. 66 4
I do R p c pf.lOI'a
Brook Itap Tr 23'
Booth l"lshrs Co 20
Btliterlck Co . 19i
, Butte A H Cop 13,
i II I'eiroicum. 2('
do pref . 74
Cal Packing Co. 63-
Canadian I'ac 1B9'4
Ctnt leather 6S
Cerre de Pasco 32
Chandler Mot.. 124
Chen ft Ohio.. 57 4
Chi :rt west s
do pref. . 25i
Chi M & St P. 3B
do pref. . . . 69;
C 11 I i r It 53i
do 0 po pref 66 H
Chile Copper . 18
Chlno Con Cop 33,
Cnl (!a & Klec 44'4
Col & South . 26 'f,
Cont Can . . 80
Corn Prod . . 48t
Crucible Steel.. 62 4
Cuba Cane Sug 22 4
do pref 74'i
Pen A. It J pf 7t
Pome Mines. 124
Pin Securities.. 60',,
Krlo . la
do 1st pref 28
KiShcr Body 52 ',-
fianton Wlllmc. 32
Cen Cigar Co 524
Ceil Kiel. Co.. 155
Motors ,.ir6
do deb . . 84?i
Cnoilrlch I! V. 69'-
Oreat North pf 92 S
do Ore suds aa vi.
chse.
l
2'. 4
U
OILS AND SPECIALTIES
LEAD IN CURB TRADING
Philadelphia Stocks
.i.'i i
33 33, 1
JOtli 101H ,',i
72 j 73 i
46',, 464 It
91 90 90
90 90 I
44',4 41H ..
13 134 H
19'i 19'i ..
9S 984 i
69 4 G94 4
424 144 14
02 4 63 4
154 454 ?
874 90 24
65 65 14
G6 4 664 it
1U34 1034 4
1104 HI l'i
84 4 84 4 4
119 119
1044 1014 14
1954 1954
Tone Generally Firm Heavy
Sales of Keystone Tire.
War Orders Steady
1004 loo'
Ii2 1 H-'l
97 4 9S
39 41
684 59'
ew lorU, March S. There was a
generally firm tone to tho trading on
tho Eto.kI Street Curb today, with some
4 i of the oil tharcs and specialties. thoiv-
Ing pronounced ttrength.
American Hoad Machine, which has'
been steadily advancing fdr more than I
a week, was a prominent feature, selling
at 30 early In the day and then reacting
to 28.
There wap heavy trading In Keystone'
Tire, which was also 'strong, ranging l
from 694 to 694. Oeneral Asphalt
told at 65 to 66. Itoyal Dutch hold at
86 to 87 and International retroleum
told at 214 to 22, Cosden war. firm,
with sales at 7 4and 8. .
More than 10,00 shares of L'nlted
Itlnh
7 Am den.. 6.1
23 Am It pf 65
3 Bald Loc
pref ..-.103
0 Cam Iron 41
290i;iec Stor 6"4
lOOKrlo .... 164
77 Gen AfpIi 6G
52 . do prcf.1004
BInsCNA 284
296 Lk Sup C 20
32I,eh Nav. 7t4
51 Lch Val.. 65 4
160Mldale.. 414
671 Pcnnaim 414
2 Phlla Co
cum pf. 35
530 Phlla Klec 25 U
460 P II T t c 25
410 Reading.. 82
100 So llwy. 274
2876 Ton Uel . 3 4
82 U O I... 71 4
316 U S Steel 93 4
820 W Cramp 90
lxiw
63
65
103
41
r,o
164
65
Clbta
.63
65
Net
ihfC
V
103
41
69
1U . 1
65 1
99 4 100.4
28U, 28'A
I9i ;
714 "
554 H
414 4
444' '4
194
714
61!
114
144
35
234
24 4
81
27 4
71
92
87
3&
254
24 4
81
27 4
34
71
924
83
'i
4
4
I
-14
224 14States Steamship were traded In at 34
4
02 102 14
774 78 14
464 464 14
117 14
64 t,
654
1044
23
20
18'.
184
2s'i
73 4
53 4
169 4
1.54
z
SJ",.
117
64 4
63 4
104 4
23
2n
184
184
26U
73
634
1594
63 4
32
14
4
1
to 34, Indicating the shifting of a large
account In that stock.
War order stocks were steady, Aetna
Kxplosles selling at 94 and 94, Sub
marine Boat. at 14 to 144 and Wright
Martin at 4 4 to 4 4.
Phillip Morris sold at 94 and 94
Swift International wan traded In at
47 to 474
iMiiyrnt.w.s
- 4
-l'i
-I- ,
Aetna nilosica
Am Brit Mfg
Am Writing Paper
Air Reduction . .
Canadian Car Co .
Con Car & Fdy pfd
122 4 123 2 .' Charcoal Iron ,.t.
564 D64 1 Chevrolet Motors ..
8 8 Cramp
254 4 Curtlss Aeroplane .
364 14 Carwen TorI
68 1 4 Carbon Steel
234 4 Kmerson Phonograph
657 - "enaee .auk
184 4 Lake Torp Boat ....
32 4 1 Lehigh Coal Sales .
43 a, 4 Lima Locomothc. . .
2S 1 Maxim Munitions ..
784 t Y Shipbuilding ..
484 4 I Nor Amer pap I'ulp
CI 4 Otis Klevator . .
2(a4 Peerless Motor ..
72 4 -V 4 ' Poole Kng
7 .j I .;! iMm-Oiill
nid
94
Tist ilon
AU '.)
nosns
Hllh Ijovt
JlOOOOCIty Is
1946.... 97 97
2000 El & Pco
Tr 4s,. 694 694
9000 Lake Sup
inc. 6s.. 634 S3
2000 L V Coal
6s 1923.102 102
11200 Lib Bonds
4th 4 4 93.90
1000 do 3 Us 98.70
600 do 2d
4 Us .. 93.70
2S&U do 3d
4 Us.. ..95.26 94.00
800 do 2d 4s. 93.20 93.20
5000 Ph Co 1st
6h stpd.1004 1004
2000 Plillii Klcc.
1st 5s.. 934 934
4
14 4
3
Net
chgc
Cloto
97 ..
694 4
63't Vi
102 U
93.70 93.70 .28
98.60 98.60 .10
93.70 93.70 .10
94 90 ..
93.20.
100 4
934 ..
10
9 4
4
SS'4
68
23 4
54
184
32 4
43 4
25
78t
47 4
60 4
214
72 4
74
12 4
68 4
164
28
52
314
62
1534 163",
llil'-s 161 iii
8t 844
67 4 7 4
92 4 92 4
39 39
4 4 4 4
50 60
28 35
65 76
. 4 74
180
90 95v
11 1.
3 5
90 95
l 44 44
17 25
2 2 4
94
'44
TONOPAH-BELMONT DIVIDENDS
RESUMED AND STOCK ADVANCES
New York Bonds
1:
58 ,
16 V
28
52
22
52
Standard Motors .
&, steel Allnja
1, I Submarine
1 S.1 poseph Lead .
I Todd Shipbuilding
K J II IHIJKIC 111111 .......
4 'n,.,c? I'ront Sharing
t ? u "eniosiiip
80
29
34U
4
611
21
20
In
8
5
134
11
102
'i
31
37
4 4
65
2''
40
30
8 4
8
14 4
12
105
34
4
14
Bming Power Lemons Owing Exdiangcs Were Closed Today I gSf'S "nX? "It "u U
to rm-crlainty .n Price of to Permit Adjustment to "u" Agricu'i1' . : ?5h ?!fc & "'
NTew Conditioiin
Uo'ss for March
LET THESE EXPERTS
SOLVE YOUR INCOME
TAX PROBLEM
Leon J. Henamy
Knrwrlv Drputy f'o!Attop
U S Intfrrnrfl llxriiuw
Jacob II. Hoffman
Korrmrlv Uputy follcior
U S Internal teenu
L'ndvr 1.kI SiipmUlmi of (htr I ountf t
John l McKvoy, Esq.
who n Chiff Dpuiv Oollprtor of V S
Interim! n-enu for thr pant thre
ir him h.ti In tharcH of ihr admin
Utralt on of th War Kppiiuo LdnS in
inn uiiri(i.
bee u bfforf fjlins jour Upturn
NATIONAL TAX
AUDIT BUREAU
Tax Experts & Public Accountanlt
406 Colonial Truit Bldg.
Market and 13th Sti.
Spruce 107S n.li;e 305
(hlincn. Marcli C Prodt-taklng
taused a rtrfttion from the top in the
oorn market loda. after It had ills.
pl.T ed mruigth throughout the fore
noon An ndianee In lUe iiogs helped bullish
sentiment during tho morning, an
prices responded catlly. ltli pretsurc
lacking. One of the important pur
rhars of evterday again took hob"
I.ater tho bulng tower decreased, due
to uncertainty oxer tho announcing o
the food administration' decision on the
price of hogs for March
Theie was a better demand for the
1 ash artli'le for deferred shipment, of
ferliiKS trom the rountry were larger.
Oats v.ere steadier, with hulng by
one of tlio big local trailers a fr.iturt.
Shorts ioered Outside interest was
light Offerings from the. country were
1 small. Humors of export inquiry wer
I heard, but nothing deOnito was reported.
I Lading future ranseii hb follows
! Torn (nu tlfler) Test
Oln HUh tiw 1'l.iiie cle
lv 1 '-v. 1 !' 1 2", I l 1 '.',
. TuH . 1 24'j 1 2'14 1 21S 1 2IS 1 23
Oat
I uy . n ''l '.n r.nin r,n'
Jillv .. .Tl'i i4 ."9't S4 ."0',
t i,rn
M 2.1 IS 21 .1.1
Jul J1 TO 21 in
1 Itlt.
U 22 " 2.1 ""
JuK .'1 fill 21 5
Tori. -
u ti 10 11 r.o
JuH 3S 2"
OLD BROKrAGrTHOllSE FAILS
H. Amy & Co. Make Aesipiuictit
for Creditors" Iicueflt
.New lork.
Marcli S. So great was
!! '...... -1 . .
.... vU,,J(,,n caused by the enactment ,nV" ,',"' "
of tin i u. r 1 . ' !m '.aper
'"'" '". "men as h
rider of the wheat guarantee, bill, slsned
by President IWIson jesterdsy, became
efTectlxc immediately, that the board
of managers of the New York Cotton
i:.xcliang decided that the exchange,
should remain closed until to j, m. t0.
morrow.
Tula step was taken to permit the
".-.I- 10 iiajusi naeir to tho new condl-
do prcf . ..58 67 4
Insplra Copper. 444. 434
tntbor-Cons C. 6 4 6 4
do pref ... 19 19
Int llv Cpnew.llti'i 114
Int Mer Marine 24 4 23 4
do pref . . 1034 101
it Paper .40 '44
Int Nickel ... 26 25
Jewell Tea . 39 4 36 4
Kansas Oy So 19 4
Kelly SJrlngfd.,120 4
Kennecott Cop. 30 4
I.aclt Steel . . 67
Lehigh .Vallev. 6.1
Lee Hub A: T.. 25 4
IOom-W B Co. 48 4
Max Motor . . 34 U
do 1st pref. 58 4
do 2d prer
, May Stores .
arx retro:
u
14
19
117 4
29 4
66 4
54 4
254
48
33 4
58
turns, and followed an earlier .attempt ' Middle Steei'" H
to halo todaj's session l,r.-i ... M & St L new. 114
" "l 'Mo K & Tex. 64
11
24 4
62 4
74',
30 4
, 164
. 116
120
674
434
54
19
1164
23 4
1014
44 4
26 4
36 4
19
lPJ'i
20 ,
664 4
54 4 4
254 4
48
334 14
OS l'i
'i!
14
34
34
424
4
44
United Motors 4ii
.. ui 1.1 r mo .
Wright-Martin Air .. 4 4
STANDARD OIL
Jl Inols 170 173
unio 311,1
Prairie Pipe. 265
sorji 2f,n
1 o x j r.8i
..330
I
- '
1,
4
1
4
24
4
4
S O X V
' IMIKI'KMIIi.VT
Harnett Oil K. Oas. .
'osden & Co
Kll Basin
Federal Oil
Inter Petrol
Houston Oil
Merritt Oil
Midwest Penning ..
Met Petrol
Ohio Fuel
Sapulpa lief
Sequoyah
Sinclair
Island
CJIenrocIc
326
269
263
685
334
44
144
34
424
4
44
268
686
332
85 4
614
73 4
954
62
704
714
77 4
724
73 4
774
Close
1014
97 4
994
91
103 4
90
88
82 4
83
82
764
78 4
814
84
101A
984
96 4
974
84 4
784
79
854
614
734
954
62
704
714
774
724
734
774
Oil, STOCKS
A '.; .
: V-
24
. 214
. 78
. 24
.148
. 3 4
. 16
7
'. 294
. 74
34
8
64
81
24 4
150
4
18
74
29 4
74
3 4
High Low
SOOOAm Agr db 6S.1014 1014
73000 Anglo-Fcli 6s. 97A 974
29000 Am For Soc 6s 994 99)1
2000 Am T & T 5s. 91 91
76000 do 6 1034 103
1000 Am W Pap 6s. 90 90
SOOOArm'r oC 44s 88 88
15000 Atchison 4s... 83 82 4
4000 Atl Co Line 4 83 83
6000 Bait & Ohio 6s 82 814
4000 do 4s 764 764
3000 do cv 44s... 784 774
2000 Beth Stl 6s '36 814 814
6000 Brook It Tr 7s. 84 84
10U0 Bordeaux 6S...101A 101A
12000 Can Oov 6s '21 984 98 4
17000 do 6k 1926.. 964 964
2200O do 5s 1931.. 974 974
lOOOChllo 6s 84 4 84 4
4000 C & O cv 44s 794 784
1000 do 4 Vis .... 79 79
4000 do conv 6s... 854
6000 mint West 4s 614
2000 Chl& Xwn 34s 734
5000 Chi B & Q 4s. 954
6000 fhl Ind& W 4s' 62
10(10 CM&St P dlvls 70
4000 do rfd 4 4s. 714
3000 Chill 1 & p 4s 77 4
2000fhlneso rets 5s 724
1000 Col Indus 6s.. 734
2000 Col ft S o4As 78
4500 Cy of Paris 6s. 1004 994 1004
'10000 D & H Or 4 4s -73 73 73
2000 Krle ov 4s Sr A 464 464 464.
8000 Krle cv 4s Sr D 49 494 494
24000 Frch Pep 5ViB.10.5A 105A 105A
4000 Hud ft M -Is. 16 16 16
15000 Iou-a Cent 4s. 46 444 444
1 198000 Int Met 4Ss.. 354 36 35
i 1 9000 Int Mer M 0s. 984 984 984
5000 Int Agr 5s ... 80 80 80
'; 39000 Lk S deb 4s"20 89 89 89
T.v 1 1000 do 4s 1931. 874 874 874
Directors Announce Disbursement- for April 1 of 10
.Per Gent Cramp. Certificates Soar 5 Points, Then Re
' act Doctor Drinker on Lehigh Valley Board
Interest of the Philadelphia financial district today centered in announce,
nicnt that Tonopah-Bclmont TJeielopment Company directors had voted to
resume dividends, declaring a 10 per cent disbursement, payable April 1 to
stock of record March IB, and In the early strength of William Cramp trust
certificates.
Follow lnu the announcement of tho Tonnopali-Belmoift dividend that
company's stock sold up as high as 3 11-16, lito highest prico recorded slncn
early last year and a gain of V4 over the previous close. It had been expected
for some tlmo hi the Street that a dlvjdend would bo declared c this meeting
and tho stock's recent strength was attributed to that belief.
The last previous dividend declared was voted in May, 19187 when a dls.
bursement of to per cent waa authorized. Previous to that time 12VJ per
tvm naa Dccn ucciared quarterly since January, 1915. -,
i-ariy m the day Cramp trust certificates moved up 5 points, and by tho
end of tho first hour's trading around 800 shares .had changed hands at that
level, which was an upturn of more than 10 points in two days. However,
around midday a reaction occurred and a few tales carried the price off to 8R.
Pennsylvania Railroad,- which held up well yesterday when most other
rails declined-sharply on news of tho failure of Congress to tako action on
tho railroad revolving fund act. yielded slightly today, while Reading Com
pany lost more than 1 point. Erio 1 point and Lehigh Valley cawo out un
changed. Rapid Tram.lt trust certificates showed a fair amount of momentum and
declined fractionally and United Gas Improvement yielded 4, General As
phalt common 1 point, Lako Superior a fraction, but Asphalt preferred ad
vanced 14 and Storage Battery and Cambria Iron turned upward for sub
rtuntlul pnlns.
""""' '""Hie aieei common was slow but yielded in lino with Its cours
on tho big board.
In the board division City of Philadelphia 4s dun in 1940 ncre. active,
but steady, while fourth Liberty Loan -44s were dealt In on a large scale,
nlth their price off a trine at 93.90.
Dr.'Henry-S. Dripker, president of the Lehigh University, who seried
as general solicitor of tho Lehigh Valley Railroad Company from 1885 to
n.,MJVae 0Se," a dlrec,or of th company today to succeed William R.
Butler, of Mauch Chunk, deceased. ,
The dh-ectors today declared tho regular quarterly dividends of 2Vi
per cent on the preferred and common stocks, to stock of record March 15,
Doyi payable on or as soon after April C as the company received from United
atates Government an adequate payment of tho rental now due.
I
g"""
INCREASED VOLUME-SAME OVERHEAD
MAKES ALL DISCOUNTS
SAYS THIS CUSTOMER
liMraiiiMDiiiiiniH
"January 4, 1919.
1 1 ' M S ti ii
When trading Is resumed it will be Missouri Pau.
.i lie Cl I
-3 4 25 25
68 4 67 4 07-1
1804 176 176'
jjtC i nunc ,ew ior .
104 4-14 Con Ariz
V4 4 c Jerome
11 L 7j ' First National .
81
244
150
3
75t
3 4
414
104
6
11
Atlanta ..
Pig Ledge
Butte Xew York
JI1.MNO HTOfKH
3
COntr.LTlM. tlllrln ..&.-.....
by the new legislation, hut dealings will
continue in the old htylo contracts for
purposes of liquidation.
MONEY-LENDING RATES
1 .1 on
21 IS
22 70
2t .".7
in -,
21 12
L-l 17
24 61)
22 72 22
21 fill 21 02
II on 41 tr,
37 r, j nr,
do IT
Mont Power
Xat Acme .
X (& Cable
Xat Biscuit
do nr
.ai rjti & Miu ii"
Vntlonut aA. 663C
,.'"' VORK Money on call, mixed NatB.lt of M 2d pr 94 9V4
collatera , opened today at n. ner ...i X Y Cent 73 4 72 4
ror lending and renewing. On all in. X Y Dock 20 20 20
oustri.il cointeral the opening rate was XVNII&H 284 274 28
Aorr &. esi m' iv.iit ihj'.h
was easier tod.iv. rates , North I-ac. 9l,
62 4
74 4
304
15
115
120
604
664
5 ner cent.
Time money
, ranging from 5 4 for mlcd collateral to ' Oalila I- . Pef 8 4
,54 for all lmlustr:als Ohio Oas 364
It was stated that ery little monev Ontario yiher. 7
I was loaned, the demand being mostly Pacific T & T 27
for periods ranging from sixty to nlnctv do ,,ref- 81S
dajs " "" Pan-Am Petnf.110
iwrnMi? tayI
CONSULTANTS
our Inromeanil Wur iimj Ktrem Trnnt
TnxeH mar lie r-llmatfil nnil a lentritUp
Ulerarnl flint cIiIiik ;ou until Mily Int
to tile jour return.
We specialize in preparing and
tiling returns, auditing and clos
ing books for corporations, firms,
individuals, estates, trusts, etc.
Mr. Ifaaa. 5 yean at Washington.
Mr. Carr. S veara at Philadelphia, with
tba Internal Reenua flureau.
HAAS & CARR
I'lihtle tirotintantt
Cennttl on lederul Taxation
t'ennsyhania Duildins
Spruce 915 Philadelphia, Pa.
Ne York. March 5
and Ilrncst J II Amy.
Acepntanccs bills were i,nn,iij Penn It I-
large olunle, this being due to the easier I Phl1,1 Co
tone In call rates, which ranged from p C & St I.
4 4 to 4", per cent ran" rrom Pitts & West
hl.t-day acceptances bills were -.,ao ".el
I III tt'.ll I uw
Plcrco Oil . ,
nits Coal
II Safe- mJA Sccurt
II guarded srZA ties
''
SEVEN PER CENT
PRRPRRRRII I
PREFERRED
SECURITIES
H. A. Stone & Company
Widener Bldg.
mh memneis or Hie linn oi u .-niiy a.
Co stOLk brokers with offices at 4 4
and 46 Wall street, this afternoon made
an usMgnmtnt for the lieiuflt of credi
tors lo IMward .1 McOulre. a lawer
The linn lias a membership In the
Xew York Stool; Kxchange. It was
formed on January 1, 188'J Loul H.
Ami is the boara represeptatlxe and K.
J H Amy the other partner. Iv II.
ni) sas admitted to the Xew York
Stock Exchange on July 19. 1888.
HINTS DROPPING COHON BAR
"It Should Go Everywhere,"
Clemcnceau Tells American '
l'arl", March 5 (By A P,) Charles i
Barrett of Chicago, head of the dele- I
gatlon of the, National Board of Farm ,
Organizations, was nranted an Interxlew
with Premier Clemenceau yesterday af
ternoon He dlscui-ed the restriction oft
rotton importation with the Premier. Mr.
Barrett said later:
M Clemenceau seemed extremely i
attentUo nnd agreeable and sald'The
world needs cotton The world should
thae cotton and it should go everj-
i w here ' "
riuoted at 4 'a (h 4 3-16 ner nn, ,iu .
1 . . . -----,--. ,, . ,, Q UMI ,
-l,ouw H Amy anu nitiety-oay maturities at from 44
Indixlrtually and i '"'"'" ''r "'
44 4
35-
484
374
81
45
174
464
85 4
91
8 It
36 4
7
27
79
140
4 1 4
36
48
35
804
44
174
454
85 4
53 4
654
4 :L '(roldtleld Merger
5-ji i iiioicineici cons
74 Vi 4 (loldfleld Florence ...
304 4 .(loldfleld Keuanas ..
164 lOreen Monster
115 1 Ilecla Mining
120 .. i Howe Sound
61 1 Independence Lead ..
Vj i Jerome Verde
94 'Jim Butler
4 14 Jumbo Pxtenslou ...
4 McKlnley-Uarragh
4 Magma Copper . . . ,
4 ' Mother Lode
1 Mines Co of America
rXexada Hills
Nenda Wonder . .
Xlplsslng
Ohio Copper ,
Hay Hercules'
JJ
914
8 4
36 4
27
794
140 2
444
35
484
354 I
80V
444 14
9-K,
4
1
4
14
l
18
16
4 4
3 4
36
12
45
27
30
1-3:
3
70
8 4
4
I iiJin Toy . ,
. Tonopah Extension. . ,
:.
7
2' 32
174
46'1
85
63
fOREIGN EXCHANGE
New York. March 6. The forelc-n r.
194
81
38 4
75 4
92 4
Thin tq ihr, iir,' Huw in ., do nref.
that acceptances have been handled",, SSi',iV1f,7Sj-,. S5H
'Pulhn Pal Car.1154 1154 1164
,iii iiipi mti ..., ny nieei j-oring io-a 11-4 :
time, 5406 per cent. Commercial p,! SSl" OP ' J2
per, three to six inoeths. 546'i ir .? ? Uf it
ctnt; .1 months. 6 per cent " "f , n jWsteel ??B
.Itoyal Dutch 944
I.O.MION Money Is ouotej at 3 '..per Saxon Motors. 104
cent. Dlacount rates, bhort and three- Scabd Air Line 8Vi
month bills, 3 17-32 psr cent. , do pref 174
Sears-lloebuck .172
Shattuck Arlr.. 104
Slos-Shef S & I 48 4
Sinclair Oil . 35 4
change market was featureless duriiie fcOU,n ra0 l,)0,
the early trading today, with a slightly ' Southern R It. 284
casrer tendency for French Mils do Pref . ..67 4
Quotations were: Studebaker .. . 804
Demand sterling 4.764, cables Stromberg Carb 40
I 7b (-16. The nominal ouotstlnn., r. btutr
sixty dajs' hills were 4.73 ',1 and nlnctv Tenn
ti
4
Vi
- 4
66 4 24
e J
riNANI IAL
Anuuaii e 1 1 n a; a
LOCAL MINING STOCKS
TONOPAH STOCKS
run
.Ilm MuU-r . .
McN'4mara
tlds
Munah Kxtenalon
Montana
North War . .
Hepcus r.ula ",
.31
SI
32
n
17
m
d.iV3' bllU 1 71 .
Franc checks 5.47, cables 5 46 4.
Lire checks 6.S64. cables 6.35
Swls checks 4.89. cables 4.85
(iullders cheeks 41 1-16, cables 414
Pesetas rheoks 20.90. cables 21.05
Stockholm checks 27.95. cables 28.15.
Chrlsttanla cheek's 7.10. r.th!, ? ,n
ijupcnnagcn enccaa so.'ju, caliles
BANK CLEARINGS
AnV rlturlnga tnlav comparid wlih cor
rtftpondlnir dav luat tvn eara:
min mis ioit
S Thlla n2.7.r..7."i ISS.S.Vl.Tan $?,-j42 64"
3driotnn ii"Imii n.sn.rsn aisnnnn
31 rhlracn naKn.sns ni 071. 7Jn M.nnn'nnt
"7 I Palto . 13.a7S,R-. M.11X.42H 7 3n s7
N Ynrl -". i ".?! n .-,1T.B7I, B42 ,-,. 1n47a
St Loula 24.SS6.3ft2 20.003,020 23,102i72fl
19 4
81
38 4
76
92 4
94
8 4
17 4
172
104
484
364
994
274
67 4
58
40
48 4
12 4
30 4
T 4
14
14
94 Ti
S'a "a
1
United Verde
West End Con.
wiilte caps 12
Yerln trton 4
I noxns
, Bethlehem 7s notes, .101
Cosden Oil s no
Cosden & Co 6s 90
Cudahy 7s 101 4
Russian rjov 54s... 57
Russian Oov 64s... 61
Southern llwy 5s.,.. 99
Sinclair Oil 6s 85
ITodd Shipbuilding 6s.l04
5
4
4
14
"4
14
6
20
18
7
4
44
3 4
3
Vi
38
14
18
29
32
4
6
80
9 4
1.
33
14
13
5
1014
93
93
IO24
69
66
994
90
110
5 4
19
44
36
13
32
12
68
65
17'
172
Liverpool Cotton
lliernonl. March 5. Spot cotton wa
nuiet today with prices easy on "the
8i 7 "Ib'K. old-contract, at 15 si'iV" Thi sales"
lilt yyjs.l'LIIL ".'... J;. .k? .
Aak
jub uiscuu.usiiijuh au j.jf 5y,on';r
NOTICE TO HTUL'KllOI.IlKHa
wnTlCK If) IICHCIIY OIVKN lhat m.
41 Maatlns -of tha Hlokholdrs ot "Tha
4U Von Hook t Ky Company" will ba b14
Company. 21at and clearllalil
piila.. to taka action on lha
I Aavll ! 181". t 11 o'clock a. in
aW af fflSak I'nmr
lrl
ovl or disapproval of
nf ttXi
PtilUdel:
val or dlianoroval of m. cronnal in.
of tndcbtednein of th Company in
lum ox sour nuncreu inouiana aouara
a tkTLA n tta mfitrA hv mnatnaa (uaaa
of th raal and personal property, rlgbta.
iicsva ana iranrnia oi ina uompanr
oraar ot 10a voara "t uirciori
T. M. HATO.V.
ilieSP rJIHAIlKl.PIIIA KAI'in TR.V.NWir
Cenrrsl omre, Slh and Daunliln Hli,
rhllaitelphla Kehruarv 1.1. 1910,
NOTicr. to STOCKiioi.nr.ns
t Annual Heetlna of the Htnrkholdera of
v
pji.dlphla Rapid Transit Company will
lTi J a ho ilatiaral rifHitaa nf kaa rAM.
atH
rah !. 1019. at Ui3ft a
4 rwvunii vi i.h.iiot
aa-lha tranaarllaa
r of election o( ntrerloifKfor the emu
aB4-in iranaaria w aui:n oin
i Ha mav rAine berra tbe'nieatlnar.
for lha
a emu.
wli other
,rd tt lliaa-kBoWara will b. taken-
ar MiaiiMM -a7ruarr:a.
ka ami Mantua aan. .
'T'
Wctt Knd l'a
aoI.IIKllXD STOCKS
Atlanta .... "
niue iiuii ";
nooth 14
OrackerJaiV "J
IiUmt II H "1
rialav 01
Keuanaa n'
Oro - ."I
Spfarhert .... ir
6ller rick 00
MISCELLANEOUS
l.hnnj 1rnllrH .. .'
.. .in
. . 12
mi
01
l'a
lilt
04
in
.1"
03
.im
07
IIH
17
U7
Stutr Motors. . 49
Con & Ciri24
Tiiiuh Pan... 22,
Texas Co 1931. 192V, 1024
Third Ae R R. 16 15 16
Tob Products.. 86', S5,a 5V,
do rts 64 SVi 54
Pn Dap & Pap 754 754 7554
Union Pacific. 1304 1284 1294
a nrf 74 . 7 4i 74
6 10. United Al Stl. . 414 414
1 united cip sis iisti
United U 1st pf 53 4 53 Vi
I United Fruit.. 164 H
United Rv Inv. 11 It,
I do prcf 254 244
P S C I P & F 184 184
U S I Alcohol. 113 1114
U S Rubber. .. 834 804
U S Steel .... 934 914
do prer
JJ a a . lejlll. ITnlnrptt ur il,nj.. I.. !.- ,..
i7ftt 1 ii j ',, - :; . - w.nv. in inu cany
mlddllnir fjlr. 16.99d: Rood 'middling
lh.31d; inlcidltnR'. 15.68.1: low middling
14.63d; irood ordinary 13. lid and or
dinary, 12.68d
67 4 14
68 4 14
4000 Iveh Val rts 6s.l014 1014 1014
1000 Llg & M T 5b. 914 914 914
382000 Lib Bond 34s 98.96 98.82 98.8.4
204000 do conv 4s . 93.58 93.46 93.50
45000 do 1st 4s .. 94.18 94.00 94.00
2942000 do 44s .... 95.26 95.18 95.26
81000 do 1st 4 4s . 95.10 94.90 94.90
1654000 do 2d 4 Vis . 93.98 93.86 93.92
3841000 do 4th 4 4s 93.96 93 90 93.90
25nnfl l.vnna 6k 101; 1014 1014
24000 Marseilles 6s. .1014 101A 101
1000 Mo Tac gen 4s 614 CI 4 614
1000 .V O T & M s 964 964 964
1000 N Y A Bke 6s. 100 100 100
3000 NYC & H 34s 724 724 7"-5i '
15000 do 6s 984 984 984
4000 do 4 Vis . .. 824 824 82H ,
11000N Y C 4s '59 914 914 914
3000 do 4s 1967.1014 1014 1014
11000 N" Y Ry 6s,. 124 i-4 iai
6000 Nor Pac 4s... 84
4000 Ore Sh L, 4s... 85'A
1000 Pa gen ct 4 4s 864
3000 do 44s 1921. 974
360(10 do 5h '68. . . 91,
3000 Pere Muni 4s. 72
1000 do 5s 85
'0011 Headline 4s ... 84 4
1000 Sinclair Oil 7s 96
11000 South P cv 4s 83 Vi
67M0 do cv 6s .102-4
10000 do rfd 4s... 814
11000 Sou Rwy 4s.. . 664
1000 do 5s' ... . 94 Vi
4000 Texas Co Cs. .1014
4000 3d Av ud 5s.. 284
1000 V S Renltv 5s. 68
2000 U S Rub 5s. . . 864
5000 V S htl sf Ss.100'1
8000 Union Pau 4s. 854
9000 do 6s 1034
132000 U K It 13 &
1 54s 1919.1004 100A 1004
11000 do 54s '21. 98U 984 984
64O00 do 54s '37.1004 1004 1004
5000 West P.lec 5s.. 98 98 98
Trades School Girl. Give Play '
Tele arlrls of thf Trades School to.
dav presented a play. "Ooose and Gob
lin'." for the children of the 'first, sec
ond, thhd and fourth grides of the
1V..II..,. nrammar School. The nlay was
ulven under direction of Miss Cleo Murtjuf
The girls of the cast were entertatnM' 2
after, the piay ai luncnruu, 17 iuu 1
faculty of the Walton hcnooi.
U. S. LIBERTY BONDS
ten ctnn innn
ifOM, l"W, Vawwv ,
not'diiT.
This customer,
rated $r,0,000 to
J7S.000 FIKST
CRF.niT, uses
our service as
an auxiliary In
their flnanclna,
SI 84 SI
864 854 m
864 881,0
97 4 97'i' B
94 4 94 4 jj
85 IS I
84 4 844 '1
964 964. a
834 83Vi 1
102 102 m
81 81 'S'
664 664 H
934 934 H
1014 1014 I
284 284 g
r.a r.s m
r. Ti sc7i F
Commercial-Credit Co.
Baltimore, Md.
Gentlemen:
Our continuoiifjly availing ourselves of your
service bespeaks the merit of same..
Your service enables' us to do a much larger
volume of business than otherwise, with the
same overhead expenses. With this service,
there is no occasion for ever failing to dis
count all accounts payable olftl receive the
benefits accruing thereby. Under this ar
rangement we are enabled to use our bank
credit in our1 manufacturing business, where
the turn-over is much slower.
We have been doing business with you for
bcveral years, and we are well pleased."
CHIIUlOiNIlM
jCommercial Credit Company
Cash Capital $2,250,000 Surplus $450,000
BALTIMORE
nepreaented at PHILADELPHIA
NEW YORK BOSTON CINCINNATI
AmilatedwFth
Commercial Acceptance Trust, Chicago
1004 1004
854 854
1034 1034
Caah Capital 11,180,000
,aIBMIUUIW
Rsasswsmms
10
484
134
31
14
4
1
soi.n ami rfcommendeh
run 1VVKMTMENT
Newburger, Henderson & Loeb .
1410 CHHATNI'T HTRF.ET'
Menihera '. V. nnd 1'hlla. rUo'tc Krhne
I !
414
1 32 'i
53 4
164
11
24 4
18't
ui'!
804
334 J'T4 y-
1144 lH'l Hjtf
DIVIDENDS DKCLAIlLD
.LOCAL .MKAT MARKET
Th follnlnar repcrt on the freah meat
trade in riilladelphln la furiilahed by the
local Itveatock and meat oOlre ot th Fturrau
( Markela, United Statta Department of
Aarrlrultnrei . .
FltKSH 1ICKF nec'lpla moderatei mar
ket about aleadr; holdlnf pr'cea Arm; de
mand quiet
1 HTKKRH neeelota moderate-, market
ateady at 121 to 127; demand alow
COWS Iteeelpta normal! market dull and
draaay at 1R to 123: demand llaht
VEAI Ree'lnta llsht; market acth at
It 4 in 120 demand sood
POIIK Ilerelnla liberal market dull and
drags'' at 124 lo I2. demand alow
IAMII nceelpla llchti market ateady to
rtrnn at I. a lo 43." nir.ana aoon
.....M,f.fc. n.ui.l. Ill,. ...a.L.
United I.lkbt nnd ItaiHaa Cnmnanv.
nuixrlerlv of 14 per rent on preferred and
I r--r rent on common both najabte April
I trt atock of record March IS
Aeaorlated Oil Comnany, ' ouirterlv of
II s, payable April 1.1
Wevman rtruton romnany, a dividend of
3W per cent on common airl reauUr 1,
np rot nn nrfrrred. niitfhla in. II 1 In
pin. iv ill , ' ii. "i flinini i,
i P J.orlllard Tobarro Cmnpanv nurterlv
30 ' of 3 pee rent on rommon end 1'J ner rent
7.1 on prefrred, paable April 1 to a'ock of
14 , rerord March 1.1.
1 im.rl.an Pl.n 1-nn.nqni. n. ,.,..
14 per rent on prefer-ed payable April 1
, io "iina "i pti'iii larn i.i
1 Ilomeatak Mlnlna romnany monthly of
.In rente. Datable .March 23 o atork of, rec-
orn .larcii .n.
lieorae w iieime i-onipanv. quarlerlv of
2W per eenl en tommon end 1. per cent on
preferred both naab!e April 1 to a'ock ef
reeord March 1ft
Montsomery. Ward ft Co. nuarterly of
14. per cent on preferred, payable April 1
to atock of record March 20
American Snulf fnmnanr, nuirterly of
14 per cent on. preferred and 3 per eenl
nn common. boHi payable April I to atock of
rernrrt March 16.
National nil romnanv, quarterly nf 2 p'r
cent. pahe AprJI 15 to atoekholilera of
record April 1
JIL'TTON Iteeelpta llshti market atrontr
at 118 to 124, demand good.
The committee on c'earlng houae of
the New York Stock Kxchange directs
lhat the stock of American International
Corporation 0 per ojnt. paid. Im) added
to the Itet, of tockgi 6 cire M-
M-rrjl It i."- av, "' -"'
Utah Copper . 69 b7
uiun nic i.orp n
Va-Carvhem 544 51
do pref .111 111.,
Vu Ir O & C .. 664 564
Vulcan Detln.. 154 loV4
Wabash ... 84 $
do pref A . 33 ',i 32 4
do pref'n . 20 20
West Maryland 10V4 ltV
West l'ac ... 204 204
West Union Tel 884 "Vi
Westlngh MfaT. 4 5"j 44 4
Wheel & U K . 8 4 7 4
White Motors.. 54 4 g ,
Wlllys-cucrland 27 4 2b 4
do pref 924 924
Wilson i 'o ... 71 714
Worth I'&M.. l',4 SO'l
do- pref A . 92 92
do pref B.... 72 70',4
7Vi
1
54
111
66 4
104
20 4
Hi
8
53
264
924
724
63 4
-14
1
4
,
!
14
4
?i
4
14
Hi
4
14
H-34
2
14
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
NEW YORK COFFEE MARKET
Near VorU, March C Interest In the
coffer ninrket was centered In the more
dlstsnt positions at the oner I in todav.
and first prices-were 8 points lower to 11
points hia-her, March bliowe-1 thr, max
imum aaaln. 'wiln tnat noaltlon a
- I at 13-toc on tne aawi. o ji points
V e''wvtilil8jwl'''1iiwllti im
rrom aJaaaaMi ara
British Lift Csble Censorhip
I'arla, March 5. As a result of rep
resentations by America" officials the
lirltlsh government has consented lo the
removal of all censorship on business,
commercial and all other inessases. Tho
rensorthlp. it Is said, has been erratly
delaying the resumption of American
business relations" with Europe.
aaaaater
ijmm
M
M
l
lA. .. .. ..
Rate
312
4
4
4i4
414
4V4
414
Callable
. Uue
1947
1947
1942
1947
1942.
1938
1928
1
Apprni. Yield tf
4'alled, or II
frelllnr at Tar
on Callable Halo
3.60
4.62
4.90
4.75
5.05
4.82
Appro 1,
lleld lo
Maturity
3.55
4.36
4.45
4.55
. 4.66
4.71
4,85
$50. $100, WOO AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BOND
ISSUES WILL BE FURNISHED UPON REQUEST
MONTGOMERY 4 CO.
3 SOUTH 4TH STREET
PHILADELPHIA
14 VALL STREET
NEW YORK
5 .-
Income and War Taxes
Oim DEPAIUMKNT UDEIt THE DIRECTION OF
HORACE P. GRIFFITH & CO.
CertUed P.ablla Accountant
Is at your disposal (free of charge) for the pre
paration of your return, which must be made by
" March 15th.
The new law carries with it uncertainties of applica
tion which we will smooth out for you.
A cordial co-operation awaits you at our down-town
office.
Guarantee Trust & Safe Deposit Co.
PHILADELPHIA, PA.
316-18-20 Chestnut Street
CEMIBAL OFTlCn WEST PH1LA, OITIOE
1422 S. PENN SQUARE 9 S. 32ND STREET
.rnijeisaswsmia jv: srssesfc.
GOVEXKMKNT 8CCGRITIRS DErARTSIEM
TELtrMONBUl BJUX, L9MBABB 4JK KE STONE, KAW-MI
-. , ! -..;... ' ail
BBcaEBaMaMiiiiiiiii 'sm
:IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIU:
at
UNITED STATES GOVERNMENT
Liberty Loans
ALL ISSUES
BOUGHT AND SOLD CN COMMISSION AT
CURRENT MARKET PRICES.
West & Co.
BANKERS
1417 CHESTNUT STREET
llamhara 1 Ktlf 'ork Hloek Eirhanfa
Uatnlxr JrhUtialnSU. Btok. uliange
t
MJ?Ji
mmarm? . v.- - -w-.-
fj.i-.M , Kfll. J.j.;-..Mt, A .M. .at jfcaaaflaf ;. . .a, m -t nlafl
.k.