EVENING PUBLIC LEDGEK PHIIiADJBLPHIA, SATTTRDAT, MAECH 8, 191b 1C NEWS OF THE FINANCIAL WORLD CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS- , t ACTIVITY AND STRENGTH MARK f New York Stocks ll K Y- BANK.MENT ll H York Bonds "ill Philadelphia Stocks I local STOCK TRADING DULL, W in yj .ACTIVITY AND STRENGTH MARK TRADING ON NEW YORK 'CHANGE .-',i Movements Indicate Thai Buying Wave Is Spreading Over the Country Steel. Marines, Baldwin, Beth lehem "B" and Midvale Attract Attention High Points in Todays Financial fines New York stock market showed continued outside interest and was active ar.d strong. Business on the Curb was active also, and many new high records were made. Corn was inclined downward, while cot ton was firm, l'rench exchange was slightly easier. Bank clearings throughout the country this week were below last week, but above corresponding period of 1918. The New York weekly bank statement showed a.T increase in average loans and a decrease in the actual, while average reserves dropped and actual increased. ,. Utah danc R.um. 27 do pref 3 AJax Rubber . 76 Alaska Old M. 3i Alaska Jun 1 . Allls-Clialm Co 35' AlMs-Chul C pr R8V4 Am Ar nhem.luS no nref 99 u f Am Beet Hug,. 78 vaiji ian s-. Am C & V Co 03 Am Colton Oil. 451 im iTUBpiats.. in Am Hide & u lo pref Am Int Corp. Am lee .See. . do pref . . . . Am Linseed . . Am Ijoi-o . . . . Am Kindtlne; 28 62U. 75 3H IN 34 4 88 M, Closo 26 Net rhie. 3 314 . : .. 4 34; 88 Vj 102H 104 74H, 47 92 H 414 134 184 1IM-4 74 'i 4 8-S 93 45 1 !)' IS! 18i loon mo ioo fmii nrT4 no'i 481.4 47i 47T4 64 M CI 18 47H 48 68 H 67 6S14 ni rinciunB;. . 1 11 w, OJ' 104 Am sum Toh.,114H 113S 113 Increase in Aerage and Decreaee in Acluat Loans Actual Reserve Higher New York, March 8. Tho New Yolk hnnb KfntMnont thlw wrptt ahOWH in 'crease In axerairo and decrease In actual loans, with decrease in iiverpsm nnd Increase In nctual reserves. Time deposits Increase In both cases. Details follow: AVKIUdR r' 86 1 el. 106 New York, March $ TI10 onward nnd upward movement of tho Block market made further substantial progress In today's tradlns, with many indications that a buying am Is spreading or the country and jralnliiK force every day. TIioec concerned in tho accumulation of stocks, whether for special purposes or us a purely speculative venture, seemed to care little for nnyttiinR In he way of news developments or of details of stock market operations, hut were only desirous of cre ating or adding to long lines without much rcR.inl to price. This was clearly shown In the case of Culled States Steel common, which was heavily sold by Shearsou Jlamlll & Co., understood to often handlo tho most Important Inside accounts. That llrm was also a heavy eellcr yesterday, but in spite of tho supply from tills source tho stock moved up to 97. Tho marine shares wero influenced almost wholly by banking Inter ests buying, Willi Marine preferred advancing nearly 3 points to 109tj, followed by a reaction 1 03 . while Atlantic. tiulf and West Indies rose 2 points to 10S', and American International, controlling both proper tics, roso Jnoio than 1 point to nboo US. There was vigorous buying of all the steel Industries, Baldwin Loco motlvo moving up to S7 and Hethlehem Steel "11" 2 points to above 69. Mldvalo Steel was moro prominent In the trading than it has been for a. Jong time, making a gain of 3 points to above 4t. The bond market showed a strong tone, with the chief fcaturo tho strong tone in i'ourth Liberty 4Us, which apparently aro being bought on government ordcr. International Metropolitan 4Us advanced to Si'J. .DEALINGS ARE LARGE ' ON COTTON EXCHANGE CURB ISSUES ACTIVE; NEW RECORDS MADE Am Steel Kdr' Am Tel & Tel. 1 Am Wool 63 li .Am Writ Pappf 42 'i Anaconda 62 Assoc Dry Gds 25 Assets Tleallz'n. 3H Atchison 93 I Atlan Blr & A. 7 V, I Allan ( & W 1. 108 I Tlihl Lnco Co . 88 '4 1 Halto & Ohio.. 4 84 'Barrett Co 120 Hiilopllau Mln. li Bull Steel 67 do "B" 9'4 do 8 p c pf. .1064 Brk Itap Tran 'ii Booth Fish Co 20 i Burns Bros . . .14) Butte C Z Co 6- Butterick Co . 21 i Butte & S Con 1! .-. I Cal Pet 27 K do pref . ... 74 fCal Pack Co . S5H .Can Paclllc . 10:14 Cell trill Lthr 68'n Chandler Mot . HSI4 1 Ches & Ohio. . fi Cht M & Kt ! 37 do pref . 70 fC n I & I tc. 24 Ctll&l' 7 pc pf 76 I Chllf Copper.. 18 Chliio C Cop. .. 34 'Col K & Iron . 41' Col (! & Kite. 45"! Col & South.. 26i Cont Call O. . 81 Mi Corn PiWluets 48 H Crucible Steel. 65 Cuba Cane Sur 24 Vi do pref 75 Deere Co pref. 95 Don & Illo O.. 8 Pomes Mines.. 13 IMstlilers Sec. . 01 'i 81 106 62 4 41H CI 'i 24Vj 3 93 7'4 107 4 81 47'i 1 1. . 41 62 24H 3 93 7'S 108 'i 87, 48 11SH 119 86 V4 4 06 4- 62 4- to. 4. 831. 021.000 tnlta t3.8r.7.315.nn0 Nt tlm li05.. I14.47S.OIIO Clreulatlon .. an.lrtl.noo fh in vault.. Jli3.MS.iwi llleterv la nifm- ...... t bank. ... t:0, 070,000 Ilr9 In tttn .nmrnle . . Ill, 257.000 lUp'rve In pint' tutnk nl trunt rompany dpol- ...,,. torl ll.31tl.M0 ArerTto r-... M2.r,7.linii Burnluii 41.asil.0fc0 l, 67 67 105 23i 20 4 144 6?i 201,4 191, 27 H 74 S3 162 K8 12f.Vi 68 N 86 69 4 24 7C 18 31 40; 45 2i 80 47 63 23 74 a, 95 8 12 60, 11 67 69 106 24 i 20 144 6H 21 19 27 a, 74 551a 16214 68 1261'j 69 37 70 24 ; 76 li 34 40 45 26 81 in "j r,, 1 -1 2 1 . 2 1 1 2 4 ; Inrrease J10,03,U00 20.157,000 1!, 42.000 I1,000 2,023,000 28:.1K)0 112,000 4h2AtfilA Iut1ll.-Ist irtftl tl'rltfl MalB drpojlls flcducl"!, 00'' OOO. Dccrcjst. ACTOA1. Inns 14,810,034,000 Net rtcniHii.l dp f3,'ni.1o'.,.oo') Net time tlpolt. 1 l4.S20.fMIO circulation .3!!v!!!.,!! Carh In vault . J03.I12S.000 Itri-rvr In mem- ..... her banks . . 633,379,000 IHnrie In lalo bank n4 trun: .., rnmpanli-a til. 499,000 luwrv In rtat banks and trust TohSU'" .T)".1; 12.2911.000 y.mtresate rrerv .JW.lJS.oOO Surriu .. 40.MI.oiO 345.000 MS.nno .',22S,330 1219.. 147,600,000 n.H4.000 1.32.(iO 17.1,000 l.llnl.OOl) 7.332,000 311,000 fip.0.000 R,n.-,3.ooo 1,070.010 0,7.'12.nlU nu -.,-.....,--. . .,., f Tnlorl HlalM drpos t dvducira. --' 03".O00. , JSpoHe Inlud"!. 1 ltcr"dB. OLTSinn HANK STATHMI'S'T l,iu i.. Hllh Ixiw Clo M49000Am Agr d Cs.104 103 104 73000 Anglo-Fr 5s . 97A 97 97 3000 Am Kor Sec 5s 99) 99 99t 10000 Am Smelt 6s 91 i 91 4 91 i 1000AmTT 5s.. 91 91 91 46000 do 6s 103 103 103 65 87 82 81 76 77 81 89 84 "1ft 96 97 78 96 864 98 96 73 87 78 72 II H 4 84 65 88 82 81 76 77 82 89 84 101 98 96 97 78 , 96 85 98 95 73 87 78 48 49 liana liivettment lioltt ,. I'urr, ncy b a 11 k tinln rpnlla KplTal 1 lt,'ri Hank of N V Tlpprthltfl Il'ser on dr- Ioit tsRfi.iso.snn S..-103.OO 21 242.100 ln J1D.7OI.100 212.200 CI12.3CMI -rt 4- fil.54.1 400 C38.9'.IS 0O0 102.026,000 Prrcntaan of KITH -O.I TIICST COMPANIKH tian. lnVBturts.Ji.OiiK.loo.no.) !oM J.ViJ.VJ u! I'UT IH'y UK linlPf 1y.0j-.0vv R, 1(18.000 lll.200.OUO C.651.000 .0 tll.T4a.3nO Itl.nuo t,6,S"0 65S.4- 1T4 lepolts rrileral i5 j. fi Iteaervn liank of , rj t ,Ji New Vork 2' 74 1 t)poalt 2. . 96 8 1-Ji bU 02,312.000 i4ll.Mi7.POO a3,167,t!O0 I Ilev. on dpoalt rrrrrmacn 01 to- . pcrH ' HTAT1! 11ANTIS AND Tm r ft.ioa.floo 11, no, oo b07,00 .1 OMPAM17S 1000 Ann Arbor 4s. 66 8000 Armour C 4s 88 35000 Atchison 4s . 82 1000 Bait A Ohio 5s si 10000 do 4a 76 3000 do cv 4s.. 78 16000 Beth Stl in '36 82 24000 do rfd 5s... 89 2000 Bkn II Tr 7s. 84 2000 Bordeaux 6s .101, 1000 Can llvt 6s '21 98 1UVU OO 'ti 10i4 2000 do '31 97 2000 C I- C & St t, 4s 78 2 1000 Central Mhr 5s 96 36000 C A O cv 5s. 86 1000 Chi & N 6s '87 98 69000 Chi B & Q 4s. 96 8000 Col Ind 6s... 73 3000 Col & So 4s.. 87 2000 do 41.4s 78 1000 City Paris 6s. 100 100A lOOf 1000 Ills Seo Cp 6s 90 90 90 iuuu iu c row 414s 72 5000 Krle cv 4s Sr B 4 8 7000 do Sr r 49 M 2000 FY Hep 5S.106, 105ft 106ft 1 'i(io ill Meet 14. si, as no 74000 Int Met 4s.. 38 37 37 7000 do ref 6s .. 72 72 72 10000 Inter M M 6s 99 99 99 25000 Inter Art 5s.. 80 80 80 28000 I.eh V rets 6s. 101 101 lo' 22000 1,1k & M T 7s. 112 112 112 1000 1.erillard 7s .nz 324O0OLIb Bond 3s 98.64 542000 do conv 4s.. 93.76 184000 do 1st 4s.... 94.50 857000 dt 4s . .. 95.40 22000 do 1st 4s. 94.62 961000 do 2d 4 Vi. 94.08 1653000 do 4th 4s. 94.10 16000 Mldvnle 6s . . . 86 24000 Mo P.ic gen 4s 61 innoXYC&II eon 4s 74 6A0O do Cs 98 1000 N Y City 41,4s 1904 9S 3000 do 4K 1960. 96 2000 N Y Ilwy 4s.. 42 21000 do 5s 13 2001 NYTel gen4s 89 100ONYWC&B 4s 49 10000 Nor Pac 4s .. 83 14000 Nor Pan 3s. 69 14000 Penna os "68 95 5000 Pierce O 6s '24 93 10000 Sinclair Oil 7s 96 3000.SIM M & So 4s 80 1000 Sea A 1, adj 5a 48 38000 So Pac cv 4s 83 46O0O So Pac cv 5s 104 112 112 98.52 98.52 93.62 93.76 94.40 94.50 95.28 95.34 94.60 94.62 93.98 94.02 94.00 91.08 86 86 60 61 74 74 98 98 96 96 96 96 42 42 13 13 89 89 49 49 83 83 68 68 94 94 92 93 96 96 80 80 48 48 83 83 103 103 1 Philadelphia Stocks Net JtUh Tw Cr. rhue. 10 Am Oas.. 65 66 65 4-2 100 Am II & I, 20 20 20 -- 210 Bald I,oc. 86 8 86 --2 345 Brill J O 39 38 39 4-1 10 Cuba C S 21 24 24 4-1 61 Klec Stor. 60 69 59 ,. 6 11 Asp pf.lOO 100 100 900LkSupC20 19 20 46Leh Nav. 71 71 71 .. 330 I.eh Vol., 65 65 65 110 Midvale.. 44 44 44 1 100 Nor Cent. 71 71 71 262 Penna im 44 44 44 lOPhlla Co cum pf. 35 35 35 .. 185PhllaKleo 25 25 26 .. 160PIlTto25 25 25 - 100 So nwy.. 29 29 29 25 Ton Bel.. 3 3 3 4 Un Tract 38 38 38 .. 108 U Ol... 71 71 71 650 U S Steel 97 95 97 1 Net Clc.se chga. 86 70 Total ala, SMff ahares. compared with 577S aharra yeatentay: thta week, 3S,35 hares; last week, 29,416 shares. BONDS ., , . Hllh Low 8100 Am Oas & Eleo 6s. 86 86 600 El & Peo Tr 4s.. 70 70 lOOOKqult III Can 6s. 101 101 101 4000 Interstato nwys 4s 40 40 40 2000 Leh Val Coal 6s.l01 101 101 .. 4000 Lib Bonds 4th4s94.08 94.08 04,08 .08 6000 do 3d 48.... 95.36 9C.3C 95.3G .08 1500 Phlla Kleo 1st 6s.. 93 93 93 Total al. J IK. 100. compared with 12, 200 rterday: this week, J2U.B0O: last rtk, 323,300. Local Bid and Asked WITH MOST ISSUES ADVANCING Today Yesterday Bid Akd Jlld Aaked Amrlran Stores... 2rt 29 2fl 20 llaldwln 87 S HA MU Ilrlll J O 38 an 37 hhQ Huff A fulfil 70 .. 70 do pref Ml .. f,o Bleetrlo mora ... r.0 r.OV r0 60 Oeneral isphalt... 07 117 lieu 7V1 dn pref J00 102 100 101 Keystone Tolo O'l .. U do pref 47 SO 47 f0 I,aka Superior Corp. 20 20 20 -jo'i Irf'hlah Nav 70 7IU 70 7HI t,hlh Valley 65 8,T,4 M 5.1 Lehlth Valley Tr 14 .. do pref 2.1 24 2.1 !nnrlvanla 44 4ti 44 44- Broader Demand for the New Coutraets Close Fs Vcrv Stcadv ,X)TTON BELT 1VKATIIBR rotlITIONS New York Marc, . -Th foIlowlnB lni Iratiirea were iteonb'd tlile- niornlne In the cotton belt Oklahoma Hty. 30. Nashilll. In, Knoxvlll. Port Smith nnd Shroveport 42 I.IU1 l!ii-k. 4(',, Wllmlns fon anil Memplil. 4S. Tnmpj, Aucuta, Vlckbure; and lorpua f'hrlitl. ."2, Mncon. Chnrltaton nnd Savannah, 10 .Tnrknn vllle, Jtntgomrv nnd Atlanta. 02; t'en aeols. 64, and San Antnnlo, o Thre was ,02 Inch of precipitation at Nashville. (.04 at Jacksonville. .00 at ThomaavllM and Memphis. 12 at Corpus ChrHtl and rattle Hock. 30 at fhrciepnrt. 42 at Sa annah, .40 at Port Smith and Vlckbur(r, 1.12 at Oklahoma City nnd 1 72 at Tampa. New Y'ork. March S. Additional HlrciiRth was shown In the cotton mar ket today anil deallncs were larRO. There was a. broader demand from pub lic services for the new contracts, mm liquidation of old contracts and trans ferring from old to new contracts were Quito extensive. """""Wiro houses were well supplied with buying orders for the new contract. It was taid that the advance was leading southern holders of spot to tighten up and many expressed the opin ion that offerliiRs of actual uoiild re main light until the south lias ns.iurnl ittelf as to just what cotton was worth under tho new contract. The close was ery steady at a net advance of 52 to 72 points on old and of 35 to 60 points on new contracts. Yesterday's cln ftpfn Blah Lot Last March.. . . 22.no us.iin 23 mi 23 on 2.1,1,1 May ... 2I .". 21. 00 ;-' 1.1 2l.no 22 40 -. in -- .o - rx r.o i-j 7.. 21 00 21.1.1 21 7.1 21.1.1 21.00 21 41 21 HI 21 hi 21 11 21 Ml Pi 71 19 7.1 20.3S 19.7.1 20..10 20 0.1 so 11 jo .! I'o. 1.1 jo mi in .in in to ;n i tn 70 :n 12 . Id no lliv: 2II.2S 13 20 2.1 111 4.1 'HI2U 19. Ml 19 93 19 Ml 19.33 Outside Market Moves in Unison With Stock Exchange. ' IHiyinC IS Vigorous (It Nor Ore Mil 40 Creene-t on top 43 flutf States Stl 55 New York. March 8. Trading on the I Jt 'JPpref .'.' 61 Curb moicd In unlon with the bullish Inspiration Cop 18 intb.cons 1 orp n do prer Krln IT 171,1 1 , "n r H -" i"-i " "" " - "" . ".V .. - ,..n 200U SOUII1 11 13 .. .. ? ;? - phlla Co .1.1 3SI S.I SO do 1st pref.. 30 30 30 4- l-mns Inveatment . '";,', iVn linn ini 9000 do 6s ...... 94 93 94 do .1 per c nt Pf. . 2S 2s .;en"V'rn,co- Ift Iti t J ' VSri,."!': w- :HI!B ?? 52 : tt : U!? 122? 3;p,a'h.ie,mot::8ar & -k 1 (leil P.leo Co. .155 155 155H -e I -4 'Total dopoMtS . . . ". ." " - , '"' . " """ -"?; ,Sn7f .JX' ,:' ' Tonopah Mln B 3A S 3A Oen Motors .167 156 167 4-liiNct depolia . . . 714. ";V.l i 1. 'J'M ,, 40000 U S Stl B f 5s. 100 100 100 t;nin Traction 3S 30 3a 3ti curft i: SS IU SS-- : ,. 1V n. rM:AIIINi-c ', "-'Sift g.. XeStrr..::::h n s a?3 r... . ,u r., 01 04 04 li CA1V TV Tl.Wk. (iLKAKliNOo 20000 do 1921 .... 98t 98 98 ,,. ,!.., t. .- Hli e .':7lt so 393; 42 65 99 60 47 I operations on the stock exchange with Vigorous btllnir In nil the itstlallv nflive ' Int TI f fneul.1I9 Hit .iier .Marine -a 20 119 25 do pief . . 109 107 Internal paper 4 8 4 do pref hta . . 75 71 Int N'icltel .... 26 26 Jewel Tea 43 39 Kansas city o 19 iv'i Kelly SprinKfd..l2I 119 119 It-sues and with many of these stocks malting new high records, l.lbby, Mc Neil & l.lbby was a prominent feature, advancing to the new high of 26. Submarine Boat was In urgent de mand, selling at 16, the highest price ' Kennccott Cop. 31 touched In a long period. National Ice I hlKh Valley' 65 sold as high as 63; but later reacted Leo Hub & T.. 26 to ci 5. I Mar UocU 75 10 6" Max Motor. .. 36 There was large trading in Phillip do 1st pref . 61 Morris, which sold at 11 to 10. Mdo f,dcp,r?,ftri ?,?,; Keystone Tire sold at 7l'i to 71. . Mex Petrol. ... 184 2:1 ' 46 12 10 24 53 76 30 17 40 43 56 99 61 47 .!;' 1 To 25 108 48 75 26 41 19'! 4- H Total for Week 13.2 l'er Cent Greater 4-1 '-i -rl 1 in t Vfi trim vi iwuii j '1 " .. 426.964. aKalHNt J7.290.5H.362 last weel., nnd JC. 065.982. 175 this week last year. or 11 gain of 13.2 per cent. Philadel phia's total was $316,634,271, ugaliiht t,a? fiO' nflfi the corresponding week 111 1918, 'i - 1 - 4-1 Than Same Week Lat Years Total bank clearings of all the clear ng houses of the United States for the leek ended today have been J6,8bb- 39000 do 1937 100 100 100 3000Va. 4 arcn bs.muvj i"va inu 2000 Va Tlwys 5s.. 90 90 90 1000 W Union 5s.. 91 94 91 Total Kale. I6..14S.O00, lant week. I.17.1IS.I.IHIH. compared SO HIS. 000 eierday; this week, 162,71 . 1 ... ,. - ,ic-. f,nn With 4,000; UAIt SILVER Commercial bar silver was quoted in New York today at 81.01 an ounce, unchanged; In London at 17d, unchanged. Gains Are Generally Small, However, and Business At tracts Little Interest :Lakc Superior Most Active. Kails Show Firmness Stock trading was slow and transactions attracted little Interest today on the Philadelphia exchange. The market tone remained firm, however, but changes were generally confined to fractions. J. O. Brill, which wan dull yesterday, although it showed unusual activity and strength in the previous session, did not do much, but closed up 1 point. Electric Storage Battery ended unchanged on a trifling turnover, General Asphalt preferred was steady. Philadelphia Company cumulative preferred came out at Its last sale price, while Philadelphia Etcctrio closed at tho last previous level and United Gas Improvement moved up . Lako Superior Corporation was more active than nny other strictly, local Issue, but It showed no special momentum and receded fractionally during tho first hour, but closed up . Ralls were only dealt In on a moderate scale, but were generally inclined upward, due to the advances in New York, becauso of announcement that tho government would receive banking support in financing' them, thereby assuring a brighter outlook than many, thought was Indicated when Congress adjourned without acting on legislation placing funds at the dis posal of the director general for tho uso of the carriers. Pennsylvania was up a little and Lehigh Valley and Southern each advanced , but the former closed lower. Northern Central reacted , but was slow. United States Steel common continued strong, but did not develop much activity. Bonds weref firm, with business In that department limited. Officials of railroads operating eastward from Chicago and St. Louis report a fairly well-balanced traffic of a more diversified nature than for fcome tlmo past. Business In industrial sections continues on a halting basis, because of tho many uncertainties which cannot be cleared up until tho International Peace Conference is concluded or tiie definite stand which will bo taken is understood. Tho political situation In this country also has a disturbing effect upon not only railroads but larger Industrial interprlses because of tho antag onism which is manifest against tho administration In some circles. Officials of southern roads say that tho last week has brought no im portant change in traffic conditions, the volume of which is about 18 to 20 per cent under a year ago on general business. LOCAL MINING STOCKS TONOPAll STOCKS Jim nutler ., MacNamara. Midway Mllpah Ext . . Montana North Star .. Kescue Kula West End .. aOLDl'IELD STOCKS Atlrnta. niue null Ilnoth CrarVerJack D'amondftcld 11 n Palay Kennnas nm Spearhead Sllvtr I'lck MISCELLANEOUS Jlld AKd .an ,ss .47 .10 .32 .3.1 ,0 .07 .17 .20 .ns .on .08 .10 l't 1 :ks " .0.1 .07 .01 .0.1 .15 .17 .09 .10 .01 .0.1 .03 .03 .on .ns ,nt .03 .17 .20 .00 .09 Arls United ... Nevada Wonder Tecopa Mln .30 '.14 NEW YORK COFFEE MARKET New York, March 8. The market for coffee futures opened at an advance of 4 to 5 points with Walt street and trade interests taking the buying side. Open May .... 1...10 July 14. 5N September 14.15 Uember. 13.94 High Low 14.BO 14.2.1 13.11.1 14.00 14.2.1 13.95 Close 1.1.23 14.58 14.2.1 13.93 Test. closo 15.30 14.54 14,17 13.89 GOVERNMENT BONDS Bid Panama coupon 2a, 1030 n7 Panama reentered 2. 1936... 97 Panama coupon 2a. 11138 H7 Panama registered 2a. 1938... 97 Panama coupon 3a. Itifil 87 Panama registered 3s. 1961... 87 Phlllpplno 4. 1B.H no Philippine 4s. 19.1.1 tin Phlllpplno 4s. 1930 90 tl S Oov coupon 2. 19.10...,, J17 IT 8 Clov reentered 2a. 1130... H7 17 R (lov coupon 3s. 1040 811 U S (lor reflstfired 3s. 1048... 89 Ask 98 98 92 B2 9B nn 9B 98 1 PR 02 -31 United Motors was traded in at 42. I J!!2mli.CV-iiP Midvale Steel. Lniteu .states Steamship was steady. Minn&Stl, new with sales at 3 to 3. Aetna told at JJ" K & T' 9. and Wrlght-Martln at 4 and 4. ' Missouri Pac . Tho feature of the oil group was the 1 ,, ,im ,, ' " continued buying of Sinclair Gulf, which Vat Acme sold at 31 to Jl. Colen was steady, ' Vat Ton & ( . . felling at 7. Ixme Star Gaa sold lit 1 Nat Knam & S 51 210. NHItofM2dpf 9 Golden Gate was the moM active of ' ."' fon Cop. . 16 the mining stocks, with sales at 3 ' .? , . ? 2? and 3. HerJa sold at 4. , Y CM & P 27' do 2d pref. . . 41 is V Y Dock 20 IMIl'STKIALS July .. . October . December . January . Old. tNew II 1. 1 P 3 4 50 35 2S 76 t"Ti I Aetna Explosives . . . Amer-Brltish Mfg . . Am Marconi , Amer Writing Paper Air Reduction Ilrlll , Canadian Car Co . . . 'Can Car & Kdy pf. . I Charcoal Iron I I'minp s7 Cotton Ru)ers anJ Sellers ! canVeu Too? .T ." .' ! New York, March 8. May (new) I Carbon .Steel '."..'..'. On Brooks, Slack, Ilosenberg, Brtlctt and Chevrolet ISO llyman bid, Newmun. Hopkins and Cone Ilmersoii Phonograph. 3 offered. Ilenden Mfg 17 juty tnewi j.eiu. mtooks. iraves, L.aie torpedo Boat Allen, Hopkins and P,nsenberg bid; Mc- ' Lehigh Col -'ales. fcnany, oung. Schley, Newman and Mc- 1 Lima Lorn S 4 " 6 60 39 .15 85 7 92 V n 93 'i 36 :i Fadden offered. October (new) Mitchell. Abraham. Montgomery. Glover. Hanemann and Geer bid, Flinn. Young, Gifford and Vleck offered October (old)--Barlleti and .lay bid; McEnatty, Grunthal, II Hari.'orn, IVachsman, Newman and Geer offered. LIVESTOCK QUOTATIONS Maxim .Munitions N Y Shipbuilding. . . Nor Amer Pap Pulp. Otis Klevator Perries Motor Poole. Kng Scripps-Booth Standard Motors . . Steel AUo.s Submarine I St Joseph Lead Chlcaco. March s HOOS Hecelpte 7000 . Todd Shipbuilding Z1T.?1 .Vr::';.-"V. ., .. '.iv'tiV-An inangie film. hulk. II SIR v.n IK V7t. me. dlum and llsht butchers spf 7.11 IS no. Iluht. VOOd In rhulce. llR2.!fllfc.l beaw pact, Inr. 117 7501s. 1.1. medium and mixed pck Inr. 818.2.1rl,7S Ihrowoan. I17ST 17.7.1. pica. J1H.2.1S 17 7.1 CATTLK Rectiun toon hsd Compjre.1 with week aco, Rood and , hol'-e beef steers and butchers cattle stead oilier unevenly 2.V3 to 50c lower rannera ,10c lower destra plo feeders steads 10 strong llpht stocKers. 35e lower, cales 50c 10 73c hither SHEEP necelpls 1OO0 head Compared ltb, week aco mostly 5Qe to 73c huher. PUUbnrth. March 8 HOGS Receipt.. lOOO head. Market 4ne hither HeaMes and naayy yorkers. sm 411VH1 an njnt joruert, 1 $1TTS1S.10 piss til Litis SHEEP AND LAMIIS--ttecelpts 200 head fltesdr- lop shep, u 5Q, top lambs, 119.50. CALVES neceipls 2.1 bcud lop. l. ft. Tonls. March HdOK rtereipis. fiOOO head Hlzher LUrhli Jt .inn 1 H.i, pls. 113.506 t7 Ml butchers JI8.40S1SSO. ood bes'. $18 71S IS tin CATTLE Receipts 700 head Sleldv. 7allo steers. Stl .me? is 10 heifer Jn r.o 18, cos. I2S 13.111. atcckers and feed re. llnW13.SU. Cdhes 77 7.118 60 fiHEEP Ttcelrts Sun head Sleadv, .Imb, 11S.50&18.7.1 ewes. 110 50611 2.1, Eh nofTalo. N. Y.i 51arch 8 CATTLE -r.tcelpts. ioo head Stead.? Call's Re eeipts, 100 hesd Hue lower, 19 21. Do. IKSRR Receipts 1.1IIO heart Stmnr H-y mUed atyl workers $20 lirht sork r. JI0.2.1WI11..10, pits, 41(iZl9.23. throw. ula. lvj 17. stats. 8121713 .10. R1IKKP AND lMBH- ltlpls. S00 head. , l,amb. 2.1c hither Lambs. $124720, sear (''IIms. $11817 50, others unchanged, Kutaaa tUr. March U0O3 Receipt.. ;,, SOU head, Sleadv. lleatv $17 50SJ1H 2.1. aijOjplta. 112810. CATTLE Receipts. .100 head. Ready. Prims steers tlstjin, .nutbern steere. nominal. I7C13. cows, IS KOJr 14.50. heir era. P..10rt4 50 calves. 110914. 'V SHEEP Receipts. .100 head Steady. -' Lusbs. 11R.7581D. earllnts. I1iei7 M; VMiin, ii j oub ii.w, en, ii fnltcd Profit Sharing i n steamstup . . 1'nlted Motors World's Pllm Wright-Martin Air .STANDARD OIL Illinois 170 175 Ohio 325 2JS Prairie Pipe 265 270 S O Cal 2M 265 S O N J 675 78 S O N Y 320 332 irs rin"i -- i. -. . - .. .. . 7 Ak (.ilel N Y N II : ".J 9'Norf .- west..iu"i i North Pacific. Vi Okla P & lief. 3 , Ohio Oas i do rts ... . Ontario Silver. 'Pacific Mail... ; Pao Tel & Tel I do pref I Pcnn It It . . . I'CO UdS tC 10. Per Marqu pr in Philadelphia Co 36 Pitts & West . 381 Plerce-Ajrov do pref . . Pierce Oil . Pitts Coal . . do pref . . Pre? vd S C . Pullman P C rty Steel Spg. . nay uon i-op. rtendlnc . . . I do 1st pref- 38 Hep I & Steel .81 I do pref . . .102 P.oyal Dutch. . 93 Saxon Motors. 10 St L, S F.. .. 12 I do pref .... '- i St t Sth pr. . 41 I Sears-nbck . .172 , Shattuck Ariz . 10 Kloss-Sh fcl&Ir B3 , Sinclair Oil 36 ' Southern Pac. .103 Southern It It. 29 Studebaker .. 61 Stutz Motors . 51 Sim Steel . . 36 Stromberg Carb 39 2 2 80 85 26 31 . 34 37 3 4 .. 60 5 23 21 20 to 15 30 5 2 ,s,i IK 16 12 13 .. 102 105 .... ' 1 2 3 :t 2 4V' 12 52 8 38 3 33 83 14 50 . 44 .104 . 17 18 , 86 . 68 .117 . 76 . 19 8t 268 260 330 IMir.Pr.NIIIlNT OIL SiTOfKB ooth Omsba, March 8 -ri.K--R-celDta. 300 head. IEE1" Receipts, none. isen 0 13. HOGS Receipts, ;'j, Heftned Sugars Unchanged . Ynelf. March 8. -rteflnert illnrl alia unchanged at 9c. less Z per cent for Stjh. Raws are unchanced at 7.28c. 4PiVred. Try to Save Wreeled Crew ' Xwfolk. Vn., Starch 8, Tho Amerl sjHt'.tamslilp Kllzabetli was reportod AMtiiiil last night off Wimble Shoals, H:C, Vith five feet of water In her JwM nnd filling rapidly The crew was Masarnal sHUI auuru vessel, pm a k ' -1 .... t.n.4 KaM wlart ..M m I tnHfJT..wu WCII ItMW M4I KJ1U HTfoiK were tiu to reach , at rUck A 6 -' 21 78 21 153 1 16 7 31 Barnett Oil & Gas. Cosden & Co Hilt Basin Federal Oil Inter Petrol. . Houston Oil Merrltt Oil Midi! est Refining.. Met Petrol Ohio Puel Rapulpa Hef sequojah Sinclair Irland Glenrock MINI NO HTOCRS Atlanta 4 Big Ledgn Buttn New York . . Con Arizona 1 c r s fc Jerome . . Firtt National 1 Goldneld Merger GoldMcld Cons . ... 15 Goldneld Horence .. 17 Goldfield Kewanas ... 4 Green Monster ... Hecla Mining ... 4 Hows Sound . . . . 3 Independence Lead " Jerome- Verde ... Jim Butler 34 Jumbo Extension ... 12 McKlnley Darragh . . 45 Magma Copper . . 27 Mines Co of America 1-3! NeAada Hills 3 Nevada Wonder ... 70 Nlpi.slnr 8 Ohkf Copper Hay Hercules 2 San Toy 7 Tonopan Extension.. 2 United Verde 31 West End Con 1 White Caps 10 Yerlngton 4 BONDS Bethlehem 7s (notes), 101 Ccsden Oil 6s 8.0 Cosden & Co (s ... 80 Cudahy 7s ... .101 Russian Golt 6M ., 51 do 6s . . -... 1 .Southern Hallway Cs. J9 Sinclair Oil (a ..... II Todd Shipbuilder Is, 101 7 6 : 21 80 21 15.1 18 7 31 ? 7 1 79 24 163 3 7 Tenn CopiCh. 13 Texas & Pacific 33 Texas Comp. . . 193 Third Av 7iU. 131 Tobacco Prod . 88 do pref 100 do rts . . 7 Transue Wll . 38 Union Pacific .131 fil All,.,. Sice1 4211 Un! Cigar Stra.136 134 131 Uillednrug.. 9 J 99 99 ao so i'i ..j-ii .'"- .'-. 30 I!'' 55 25 75 36 61 26 69 183 23 43 12 10 21 53 76 30 16 51 i 16 32 4 4 20 32 104 93 .5-? 37 3 6 33 27 82 44 50 40 35 37 11 10l 17 48 86 '.7 117 76 19 81 38 79 102 93 10 12 25 41 171 10 01 36 102 29 59 GO 35 3o 13 32 193 15 87 100 6 38 130 41 31 Details follow. tnl! 151S P.'. V. York . 13, 1 si,3i;n..i02 J2.e.B:i..iso.avn . n;. 26 75 36 JjlVi t9 183 231, 46 12 10 24 53 76 30 16 61 9 16 32 IO',4 4 4 20 34 104 93 8 38 6 33 2 1 S3 41 50 40 35 37 41 104 17 48 86 68 117 76 19 81 38 81 io: 93 10 12 25 4t 172 10 53 36 103 29 61 51 36 39i 13l 32 193 15 87 Vi 100 6 38". 130 - 4 4- 1 1- 1 3 -t-1 -'- -t- 1 ... 14 ' -rl - 1 ChieaffO. rnua... . Boston. . lCin. City St Iiuls. San lan. lMttsah.. Detroit. .. Kaltlmor N. Orleans 11 70.047 310,034.271 2.17.1III2..VHI 177.7til.27S 120. .1111. 303 0H.71.RS.l loS.oeo.2!ir. IIS.3I5..177 II7.247.1SH 48 102,232 r.OS.KIR.24l 11. t 29T,SIIS.tll"11B I llil.JOlljno 'JS.I 200.711.74011 9 15,024,707 S I SI,17,S.12 4 17.3 ,iii.ti4s.s:,a4 sn 7 39,79.tlt -7I.3 48.21H.H10 Sti.3 54.7O0.SO.1 tt .1 daya".ll.010,B49.383 $1,271,401,12013.0 "'.I'da"' 635.01 1.203 870,162.473-1.7 Total sll cities, n daia ...t.l,70.1,D03,5U3 $.1,111,500,59312.2 1 day. .11. 100.402.371 $924,412,580 111.3 Total all i Sfil'i? .fr$i).sn.42.l.30 J8.nr,r,,9S2,t75 l3 2 2 FEDERAL BANK REPORT Dig Increase in Surplus, Due lo Amend' ment to Reserve Act A feature of the weekly statement of the Philadelphia Federal Reserve Bank was a surplus reported at J2.608, 343 or juit double what it was last week. This Increase followed pabsago of an amendment to the Federal lie nor! e act. which permit reserve banks to retain as surplus their net earnings, including those for tho year ended De cember 31, 1918. up to 100 per cent of their subscribed capital and 10 per cent thereafter, "" The lncrraso of 51,304.171 had been carried as a reserve for United States Iranclilse lax siiic December 31 pend ing action 011 the amendment. The wtckly statement shows an In crease In gold reserves from $129,448,636 in 1 34.6C1 .021. and In discounts se cured bv government war obligations from $176,389,708 to $178,463,043. The ratio of total reserves to com- 1 blued net deposit and reserve note lia. hllitv was 42.6 per cent, compared with 11.0 per vcni 1110 witrn ucjuic, MONEY-LENDING BATES rilll.APKI.PItIA Call. 5 per cent ; nine es. Mil ne r cent. Commercial pa- per, three to six months. 6U9CV& per ' 1 cent; six months, s per cent. 4 I'i 1 LONDON Money Is quoted at per cent. Discount rates, short three-month hills, 3 17-32 per cent. 2 and B ft I'i 6 20 21 6 4 4 3 " 14 48 29 t" go 9 5 6 101 85 85 102 60 66 a no 4 36 11 2d 1; s c I P A ! U S Ind Alco .121 U H Realty .. 31 U S Rubber . . 83 do 1st pref. 112 U X Smelt & R 49 U S Steel 97 do pref 114 Utah Copoer . 7J Utah Sec Corp Va-Car Chem. Wabafch , ... do pref A . do pref n . West Md ... West Pac rt nref Wstghoute Mfg 4u Wheel & L, n . 8 White Motors. Wlllys-Overld. Wilson Co . . . Wthgtn P & M do pref A . . do pref B . . 20 15 58 8 34 nq 10 21 5T 54 27 77 67 93 72 19 12" 33 82. 112 48 95 114 70 15 56 8 34 10 21 57 45 54 27 76 66 93 72 20 120 33 83 112 49 97 114 72 15 68 34' 10 21 57 45 8 54 27 77 66 93 72 r 4 4- 1 4-2 1 4i . ; 1 2 2 I OREIGN EXCHANGE New York, March 8. The feature of the foreign exchange market this luorn- ilng as the weakness In French checks, 1 which declined to 5.48. ! Quotations were: Den land sterling 4.75. cables 4 76ft I Pranc checks 6.47, cables 5.49. , Swiss checks 4.85. cables 4 81 1 Guilder checks 41ft, cables 41 . less ' "Stockholm checks 28.00, cables 28.20. 1 Chrlatlanla checks 27.00. cables 27.20. Copenhagen checks 25.90, cables 26.10. PrtetaB checks 20.85, cables 20.90. Lire checks fi.36, cables 6.3D. 4 1 ft tl I '2 '2 31 ll 1 Total tales. fiHt.sOO share, compared lth 1.01S.500 tharea jesterday: this eeK, 4,. S31,e0'l sli. res; last week, 1. 3111,000 shares. DIVIDENDS DECLARED Hood Rubber Company, monthly of 41 on common paabU March 15 tu stock of rec ord March 10, Msnhattan Shirt Comivany, quarterly of 11.75 on preferred, payable April 1 to ttock of record March IS. American Window Glass Machinery Com pany, quarieriy oi per rem on preierrea. payable April 1 to bolder of record March 21, Owens Bottle Machine Company, quarterly of $1,75 on vref.rred and 75 eentt on com mon, paabl April 1 to stock of rscord March 22. People's National Kirs Insurance Com pany, quarterly of 1 per cent, payable April 1 to stock of record March 20. C.lirnvnla Tetroleum. ouarterlv of 141 pr cent on preferred In cash and $2 on ac count of accumlalea dividends In Ubsrtr Bonds. Both art payable April 1 to stock of record Utrch 17, ir. HANK CLEARINGS Bank clrarints today compared with cor re.po.dlrt .Uv last l mm .... Phlla .. $.14,70.1.542 t.l.17.101 $51,7111.123 N. York 6S.1.1I2.607 072.070.158 Boston. 42.3SI.U6S JII.7IO.IS3 33,523,112 Financial Briefs $7,410,000 New York Central Railroad Equipment Trust of 1917 Certificates 4 ' January 1 and July 1 Maturing $570,000 each January 1 from 1920 to 1932, inclusive. Authorized Mutured or cancelled $2,666,000 Issuable, at not exceeding 80 of cost of new equipment. . 2,808,000 Outstanding, including these certificates $14,521,000 The oustanding certificates mature $1,117,000 each January 1 from 1920 to 1932, inclusive. Denominations: Coupon, $1000; registerable as to principal. Registered, $1000, $5000, $10,000 and $50,000. $19,995,000 GUARANTY TRUST COMPANY OP NEW YORK, TRUSTEE January 1, 1920, maturity, price 99.22 and interest, to yield XVzre 1, 1921, 1, 1922, 1, 1923, 1, 1924, 1, 1925, 1, 1926, 1, 1927, 1, 1928, 1, 1929, 1, 1930, 1, 1931, 1, 1932, 98.10 96.81 95.37 94.32 93.32 92.38 91.49 90.65 89.86 89.12 88.41 87.75 uitt'o 6'. 5 5 5 ?. 5r 5 Tiro 5Ts9i 5r Authorized $9,000,000. $7,800,000 Michigan Central Railroad Equipment Trust of 1917 Certificates 6 March 1 and September 1 Maturing $600,000 each March 1 from 1920 to 1932, inclusivci Matured or cancelled, $1,200,000. Denomination: Coupon, $1000; registerable as to principal. Registered, $1000, $5000, $10,000 and $50,000. Outstanding, $7,800,000. GUARANTY TRUST COMPANY OP NEW YORK, TRUSTEE ,Th annual report of Marconi Wire ess Telegraph Company of America for the year ended December 31, shows sur plus after charges, of 8711.841. equiva lent to 35 cents a share earned on the capital stock of 15 par value per share, as compared with surplus of 1817.772 or 30 cents a share in 'the preceding yea r. , listern steamship lines report for January total operating reienue $167, 163, h decrease of J25.276 ; total income (33,340, a decrease of 127,236, The New York Subtreasury lost J983, 000 to the banks yesterday. . The Guaranty Trust Company of New York, has been appointed disbursing agent for thi special Liberty Bond dlvl dend of the American Woolen Company, payable April 15. nivinr.xns it-5 TKOPI.KM NATIONAL I'lRK INSL'tt 3? AMCK I'OMPANY Philadelphia. March T. 1019. The Hoard of Directors hss this clay de clared a dividend of IVi per rent, payable April 1st next, to stockholders of rscord, March 20, 11V. "Checks will be mailed. JAMES H. CANNIN0,t3raiurr, March 1, 1920, maturity, price 100.47 and interest, to yield 5',tf 1, 1921, 1, 1922, 1, 1923, 1, 1924, 1, 1925, 1, 1926, 1, 1927, 1, 1928, 1, 1929, 1, 1930, 1, 1931, 1, 1932, 1 0Q.69 1 00.67 1 00.44 100.63 100.62 1 00.71 1 00.79 1 00.86 1 00.93 101.00 1 01.06 101.12 Kir 59'o Wive 5 Tift 5 5tf 57sCo B 57o 5?. 6?i7 These certificates are secured by first and only charge upon equipment leased by the Trustee to tho Now York Central Railroad Company and th'd Mibhigan Central Railroad Company respectively, the title to the equipment being vested in the Trustee for the proportionate benefit of certificate holders. The cost of the equipment, substantallly all of which was purchased during the year 1916, was approximately 45 in excess of the face amount of certificates now outstanding. It is estimated that tho I replacement of this equipment at present would require the expenditure of a sum more than double tho amount of certificates now outstanding. V The issuance of these certificates has been approved "by the United States Railroad Administration. The form of all papers and proceedings in this buainess is to be approved by our counsel. We offer these certificates, subject to delivery to us and to prior sale or change in price, at tho above price3. , Bankers Trust Company The Union Trust Company New York of Pittsburgh Hallgarten & Company ' New York STATEMENTS WHILE BASED UrON THE BEST OBTAINABLE INFOBMATION AltB NOT CJUARANTEED T- : A T 1 J .- ' . -. n.
Significant historical Pennsylvania newspapers