Tv . T
,18
EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, MARCH H 10, 1W9
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Local Industrials
Only
',,'' Onr policy Is to offer for sale
Mm stock of nearby manufacture
mg corporations whoso earning
capacity and executive manage
ment, after Investigation, have
proved to bo beyond criticism.
A dividend producer of unusual
merit presents itself at this tlmo
Mtd we will be glad to furnish
details.
Burner & Company, Inc.
Widencr Building
Philadelphia
Rrnnchea in Pennsylvania
READING, YORK, LANCASTER
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
UPWARD MOVEMENT CONTINUES
FOR STOCKS IN NEW YORK MARKET
NEW YORK STOCK SALES
Public Interest Is Diverted to Railroads and
Issues Are Active and Strong Heavy Realizing
Causes Irregularity for Others
Advance Tlumely
Those lA,lv "umeiy i,f-
I ,.J1K, IllllllltT
Alaskn Onld M. .
lAlat-ksi Juneau .
1 Allls-Chatm Mfg.
Allls-Chnlm M pf
Last
eto lllah
20 ,20
75 7.-.?;
25
112
74i
ah
r Met
LIBERTY BONDS
BOUGHT and SOLD
Any DtnorolnAllonB
Samuel K. Phillips & Co.
SOI CHESTNUT ST.
Members Philadelphia Stoek Eichnnse
FINANCIAL
Annual Meetlnsa
ANNUAL SIKKTINd ANI KI.KC.
tton of omeers or the iiannrmnnn
IBs5-
WoaolUI Asseelatlon will take pUw
Mure 11, ID1D. at 11 ociock
y)lVM.lratfnrd Hotel,
HTKAMSIIir NOTICES)
'New York & Philadelphia
Semi-Weekly Freight
Servic-
SAILINGS
Prom Pier 44, North River, New
York, and from Pier 2, North
Delaware Ave., Phila., every
Tuesday nnd Friday at 5:00 P. M.
For ratca and ether
tntormation, applv In
CLYDE LINE
W. It. VIVIAN
General As-ent
Pier 2. N.Del.Ave.
Philadelphia, Pa.
w. r. i.evih
Frt. TrafTIo .Mitr.
pier an. n. iiifi
New York City
New York, March 10. Further progress una made In the upward
movement with the beginning of the new week, nnd ninny stocks were,
established nt high levels during the llrst hour's trndtng.
Thero was, however, a change In market conditions of the public
Interest being dlvcrtid to the rullrond stocks, with thnt croup mndu
nctlve nnd strong, while other Issues were subjected to heavy realizing
sales nnd moved In an Irregular manner ns n result of heavy prollt
tnklng Hales, such ns were noted continuously all through Inst week.
Heading was particularly favored, its It always Is when banking
Interests nnd the Held group become, active In the market, and that
stock advanced more than 1 point to So?. Other railroad stocks
were In good demand, with Southern Pacific moving tip from 102 to
107'ii, St. Paul common advancing from 36't to 39 and I'nlon l'aclllc
ranging from 129T4 to 131.
United States Steel common wns In supply, with buyers twltatln?
because of the Interest attached to the statement of unfilled orders
to bo Issued at noon, uml It ranged from 97 to DC;, llaldwln Locomotive,
after advancing to 8SU, dropped to 87.
Oeneral Motors reilected steady accumulation, ndvanclng 3Vj to 160.
Marine preferred, after selling nt 10SV4, dropped to 100?4.
Kelly. Springfield declined from 119 to llfi. Ametlcnn Can ad
vanced .? to 49?4.
Unusual activity was shown by nearly all rails during the noon hour,
and by 1 o'clock total sales were around 200,000 shares.
OLD CONTRACT SHORTS I
ARE FORCED TO COVER!
Yew York Curb
IMIL'STIHAI.S
I'ABTXKKStlirS
Caught in Big Jump in
Cotton Market
r3S NOTICK IS lir.KKIlV (lirilN THAT
- Jellies X lllilmentnai. l.imlled, u
u.tM.ahln tiBaneljIInn nrinnlzed limine Ihe
Jrovlalons of the act of Asse mbly of June 2.
8X4. and It supplements, oy vote of a ma
jority in number anil value of Interest at a
mejetlng of the assoelallon held on Decem
ber IS, IMS. determined that the paid asso
ciation be dissolved.
ItAIlT ni.L'JIENTIIAU
Chairman.
SAMt'Et. C JF.IT1.KS,
Secretary nnd Treasurer.
IDA IILUtfENTIIAL.
UNFILLED STEEL ORDERS DROP
Total on February 28 was 673,401
Tons Less Than on January 31
New York, March 10. In Its monthly
statement, Issued today, the- United
States Steel Corporation reports unruled
orders on Its hooks ns of February 28
. Aetna Explosives . . .
. Amer Ilrlt Mfg
L i i m i t . . , .mer Marootil
lverpool and trade Interests Amer writing iaptr
' ,ir iieuncijon
I Ilrlll
I Canadian Car Co . . .
Can Car & Kdy pf. . . .
Charcoal Iron
I Chevrolet Motors
I Cramp
Curtis Aeroplane
, C'arwen Tool
Carbon rtiel
Emerson I'hono . . . .
Hemic Mfg
Lake Torp Hnnt . . . .
, Lehigh Coal Sales
l.lnia Ixiro
Maxim Munitions . . .
S V SlilpljulMIng
i .Vor Aimr l'ap l'ulp.
tills i;ieatr
Peerless Motor
I'oole line
COTTON I1IH.T WKATHKH CONDITIONS
New York, March 10. The fnllonlmt
temperatures cm recorded in th rottnn
I'm ,hJ" "'"fnlnK: N.ishlllle. 31, Knox
XI' -,'..'n ' J hattannoirn, III; Tort Smith,
i.r.rl'"'.'.n' ,.M.'";"' Montsnnemry and Au
Kilta, 4J; Oklahoma. Olty and Memphis. 41
ThomasMiie, Wllmlnul.in. Vleksl.urK nml
V"'S" 4".' x,'w Ofl'Miia and IVns.,col,i,
II; Can .ntonlii. r.o. Charleston. Sa.
'annaii. ,is; Juiksonlle. :, il.,iv.i,.n
orpua Chrlstl. US. nml Tamtia. HI
as .nl inch of tircetnlinttfio ,
nnd .13 at y.nann.ih, Tumiu
SSi
There
Charlaton
and Jucksonllle.
Scrlpps-Ilnnth
X.. i. r .a .
., I ""rcn '" ne feature of Standard Motors
... uic,i,iiK un ioo cotton market wns Nteel .Mloys
very heavy covering of old stvl,, slmrt Sulmiarliie .
by Liverpool and trade Interests. Ther.. !' :,!lt,l,', .' "?'!
,,... . . - " 'l"C
was iime nusiness in old style March
contracts on the call and the opening
was fifteen points lower, but May Jumped
twenty-seven points on the big de
niand thnt developed, and the advance,
on old contracts was from thirty to
seventy-two points.
ina new style contracts
twenty-live to sluy-five points
4(1
:in
8
Hi
n
105
.v.
'I'
42 -i
"i
4'4
STANDAItl) OH, .STOCKS
Todd Shipbuilding
Triangle Kllm
United I'rollt Sharing
Untied Motors
World I-'llm
Wright-Martin Air...
Hid
r-
4
',
Ml
3S
28
7B
130
83
II
3
DO
if
80
31
34U
I
no
24
2(1
15
S
5
1.1
12
102
i
42 'i
4
4'i
Sat. clos,'
Ask (sale)
'' i
S
I'i
r,n
39
35
8S
7'i
9
'i'.i
5
92
13
JVl 3 J.
2" ::
34
..
37
4H 4
OR
ii';
started
higher.
' or.s.uiu .m ions, inis compares iSo rMt th ..,.., ,..,, ln
with 6. 681, 208 tons on January 31 Inst,
a decrease nt i, .J.itw tont', onu witn
9,218,453 tons on February 28. 1918.
Comparisons of unfilled tonnage at
the end of each month since January
31, 1913, follow:
Month of Tana Dec. 1915. 7.80.220
Feb., 1919, H.010.787 Month of Tons
Jan.. 11. 0,4,-J1 Nov.. 11115. T.1S1I.4S7
Not. mt". s.iai.tiiia Kent,
Oct.. mis. N.S.IS.S'.l.'l Au..
Sept., 1D1S. s.'jnT.OO.I July,
AH., V1U, O. tUV.VIJ t
IWIQ. o.uin.oou .'y.
His, s.37.rt-'a Aor..
ion a Tit , Men.
ibis, .o.io.4n cu.. "'; j'Sjo ?'
Wis; K.SRS.4SS Jan.. JJl.l. 4.24a. S71
11S. P.7T,S I., "
1017. tl.JlM.TIK Nov..
1H1T. S.SI17.lnl Oct..
,o t n im,, ? Sect.
, 10 7l IliMaTT Anr..
the old style contracts that nt one time,
on the cnll, they sold even with the new
style contracts.
Trading continued nctlve late in the
morning with the volume of the trade
switching from old to new style crop
months indicating that thrre had been
Illinois
Ohio
I'ralrle I'lpu
S O of Cal
F I) of X J
S O of X V
iniii:i'i:nih:xt
.170
. 323
.2 fit!
.2T.2
Isiii
(III.
I".
320
2 9
207
770
332
320
2 lit
331
STOCKS
p- .u.i..itB:.,.?,-2;- ; S'lvs-i?! n iarce hedw intere.t ,;;;;.iv;" CI"
.,,.,. ,..,," - . ..... ...,,,H ,,,,1-11
June.
May.
ADT..
Men..
FID..
8Sv
lnt.
1013. 4.ons.4.l3 1 the
1111.1. .ii'.,.r,4n ,..,..
191.1. 4H1IIII ''"
101.1. 4.i,R4.n(iS
1013. 4.1A2.244
liti.-v. 4.5:,. 741
Pept.
Auar..
July.
June,
May.
Apr.,
itch.,
Feb..
Jan.,
, n T Ininf n,fl JUIV.
10 7ll0.'R44:iB4 June. JB14
1 May."
fist.
fct: ?!
1014
1914
1014
1014
il.SM.n4S
a. 324. 302
a.41.007
a 7T aaT
1014. 4.21S..131
Harnett oil & C.as.
Cosden 'n Co
KIk Il.isln
Federal Oil
Inter l'etrol
Houston Oil
Merrltt Oil
Midwest Iteflnlng .
Fluctuations were somewhat Irregular i hlo Fuel .'.'.'.'.'.'.'.
but the market showed a generally ' Sapulpa lief
steady undertone with old stvlo deliver- Sequoyah
amenameru of the cotton futures
wns passed last week.
7:
ny,
2.
VK
24
34
3H
10
les ruling 40 to B0 points "net higher, Mlnt'lai'r
1B1T.11.8H3.247 -Vav'
10 7.11.ss..ini Anr.
ialT.13.lM.nu M"h.
10 T. 11. 711.1144 feb.
to t ,1 rta aot Jan.
10 7;il!4T4:n.1l Dee.. IBIS. 4.m'2.in
ne. 1010. 11. 847. CHS Nov., inis, 4. sort 347
Bor7. lOlo 11 O.U .142 Oct.. 10U. 4.MS.7t
Oct.. loislln nis 3o Pent., intj s.nn.i.78
V-iV in .. n S22 int Aui.. 101.1. ,i.233.4S
AuiV. 10 s. n.ssn.s-,7 Juiv, iota n.srni.sis ijuiy
July. 1 ! o:bOS..102 June. J01S R.n7.31T ' ly
Jan.. 10 5. o.sjn.ji. .May. .,j. o kj.;25. Septembci
10 ', olsjn'.RIl Mch., 10IS. T.'4M0!III
IB n, W.n.TI.OOI cru., 11.1.,. i.nn.TI,
101S, S.MS.0SS Jan.. 1913. T.827.SM
loin, 7.n:;.707
Unfilled orders on the corporation's
books at the end of each quarter since
March 31, 1907, were as follows:
Tana Ton,
Quarter endlnc Quarter endlsc
with with
De.. 1918. 7.371M32 Dec. 1012. T.032.1S4
Sept:. 1018. .-'?J.5 Sent.. 1013. S..1.1I.3nr
June. llt. 8.1118,804 June. 1013. B.U07 MS.
Licn.. j ;. "-" !'" ".. .. 5.304 jj;
iv 1. ,,."?. ." f,"7 ." n."M,lol
wnue tne new style months were 30
4 points above Saturday's final quotn-
1014. 4.a.f,aii
inli o3: Hi ' ,lcc,,nts at the port for the day are
1014. iilTniiii """""" at 12-00 bales, against 14,304
1014. 4..-,.l'.S3.i bales a week ago and 17.SGC bales a
IB 4. i n'55 nl'i ' a
t" . Glen rock
31
7 s
3'.
0.1,
8n
24
150
3
18
7i
U
3Ts
74i
0
-'
21
79
2 1 'A
54
3',i
3Ti
?H
KS'i
nnu r.M'4'
1:41.
n?.
Mi
o ,
nr.u
AmAgrlcill Chrm'.mi;,' 10"H 101'i 104V
Am Acrl Ch nf. . nn1
Am net Sugar.. 74!
Am Can J&h
Am Car & Kdy... 5).7i
Am Cotton Oil... 4.V
Am Urtig Syn. ... It
Am llldn (1 I,ea. . lll.'j
Am Hide Ai I, pf.lflO
Am Ice IK
Am Ice pf 01
Am International. lif.'J
Am I.lnseed 17't
Am I.ltrxred pf... !H
Am I.ocomotle.. 0S)i
Am Malting If
Am Smelt .t Hef. 70'f
Am Steel F'drbs. sn'
Am Ninriir Ilefln . . 1 lll'i
Am Sumatra T0b.ll.T4 117
Am Tel & Tel.. . : l(f, IflS1
7.MJ
llljj
114' i
ISJi
lt'i
'.n
101
4S!
(it
10?,
1HIJ,
os.'i
'76'i
s'
74? i
P.'
1)1'.
4.-.
I3'f
ins
O'l's
17 '4
ni
no1,
in.'.'
dti.'i
os
'oiip
s.V
7t?i
tR's
4W
4:,
1,T
m;;
17' f
(VI
0R.N
10.',
i ;,
OS
'nij'i
H7.'4
llS'j 118'j lIKJa
Am Tobnrm
Am Woolen
Am Writ Taper..
Anaconda Coppir.
Assets Kenllzit'n.
Asso Ilrv floods. .
Atrh Top & S K.
Atlanta. Illr & At.
Atl riiilf & W I.,
llaldwln I.oco....
Halt & Ohio
tlnrrclt'Oo
Hatopllas Mining.
Ilethlehem Steel. .
Iteth Stl Class II,
...1931C 11.0' i
(12J.
II!.
02
LM.S
b'J?.
7'i
liyi
S7J.
4S
i;o:j
i''
fish'
O'J.'i
II3J
12
C.T.
2'i
Vi
04
nih
1II7M
lYMi
ll.'i
01'i
2h
J.-)'i
O'J.'i
117
1075,
lllOh
(KlSi
4'.'
0.1W
ah
2o!i
O'Jil
100'. 107
SO!:
4sh
12 1
l'i
7().'-
70.' i
107
21
2I'
112
Oh
20
'fRU
4
110
l.'il
70
I'. I1 i
100! i K'O!
20; j
2 1! a
KM
H7
17h
12!lh
Us
7li; a
(10.
lt
rlosa 'Itllh X-ort
V S Ind Alcohol.. 121) K0i US
U S Itealty & Iiev. ,'13!a 34h :.'i
8.1 Ki.'i R2h
112 112 112
40 40 4S'-i
07 07Ji 01 J i
114!.' lllh 114
72.' a 74'f 72
loa
Wi
S'i
34h
22
10h'
21
lWi
fist;
1:41
nmi.
120
33? .
82 J t
112
l'
07h'
114h'
72M
15!a
fiS)i
8h
34! a
17 S llubbcr
U S Hub 1st pf..
t: S Mm It & .11...
U S Steel
U S Steel pf.... ..
Utah Copper . . . ,
flnli Securities...
Va-Caro Chem . . .
Wabash
Wabash pf A. . . .
Wabash pf II. ...
West Maryland.. ,
Western rnclflc. .
West 1'nc pf
Westlngh K M..
Wheel oi 1.1; Krle.
White Motors . . .
Willys-overland..
Wlllys-Overld pf. .
Wilson & Co
Wilson tc Co pf . ,
wortliliigton I'.
Worth V pf A..
Worth I pf IJ,.
l: dllldend Woolworth preferred, l' I
rrntnil Leather preferred. 1 : Iickawanna
Sleel. 1,1 tuilway Steel Hurlns pieferred.
J. 1 Atlantic Oulf und West India pre
ferred, 1',;.
15!i
ATI'
S!i 8!a
35 34i
12 10,h' ll.'i
21 21 21
S!i
4.Vi 40! J 43h 40!i
h
wjj Mh' eivf S4!(
27.'i 28 a;; 28
02
77h -OJ4' 77! i 78!a
OS.'i
.Hi! j ('.Oh 03 03h
, 03 03 02h 02?4
. 72Ja 72J. 72K 72!
Philadelphia Stocks
10 Corn Mx
Xnl llk.380
67 i;iee
1536 I
13 1-h
292I.eh Vnl.. B5i
913 I'ennallH 45H
20 Uhlla Co
cum pf. 3SU
249 1'hlla Ulcc 2SVi
300 Hay C Ci 2oy,
210 Heading.. 85?,
10 So 1'nc, 103(4
OS Ton llel.. 34
200TonMln. 3
8BU I... 71 V4
24BO U S Steel 01
100 War I &S 8i
34 W Cramp 85
Iiw
:so
Net
2 p.m. hsc.
3S0 4-5
Blec Stor B9J4 B9Ji B9T4
k Sup C 20h 20i 20W ..
h Xav. 71H 71 ii 71 U M
4i 45 M.
5U 35 U Vi
Bii 25U .. .
OH 20 U 4-
5 85, l(
3Va 3W ..
3 3
1H 71V..
BH 977
8 8?i 4- yt
6 85 3
IIONIIS Net
High Ixiw 2 p.m. ehse.
LOCAL MINING STOCKS
TONOI'AH HTOi'KH
Jim Puller ,
AlocNamui
.Midway
MI21MI1 Kxtvtision
Mi ntitn 1
.Northern Sia. . . . ,
Itiscue Eula
Wist Ilnd .. . .
Hid
..111
..1:1
,:i2
.mi
112
Oh
10.' i
.1.1; a
Jiixi.vn STOCKS
rJ;
n.nt 19 7. 8.S33.477 Kent.. 1011. S nil SIT
June. 10 T,lt.8S3.2ftT June. 1011. il.ftai nss
Mch.. 1017. 11.711. 44 Mch.. lllll. .1.447 fllll
TnSS"' 101(1. lt.MT.3M Dec. 1010. 3 S47 7.17
Sept.. 10 H. 0.333.384 Sept.. 1B10. a, 1.18 104)
Jlina. lt. n.SI0.4.iy June. 1010. 4. 337.704
Jfch.. m. o.s.n.nnt Mch.. 1010. 11.403 nu
BeeT. 1018. 7.8n.330 Dec.. 11(00. 3.037 1.11
Kot. J J. ?.2'IJ'J Went.. 1009. 4.T08.SSJ
June. 10 3. 4.A78.108 June, 10011. 4.037.090
McJj.. 1 . 4.3S.1.74M Mch.. loon. 3.342 mil
Ek, 19 4, 3.820.(148 Dec.. 1KOS. S.nn.1 337
Hsat., JU 4. 8,787, 87 Sept., 1008. 8.431.077
June. 1014. 4.082.8.1? June, lftns. a..1l.1.87
Meh.. 1014. 4.838.82.1 Mch.. tons. .1.78.1.848
Dec. 10 1. 4.382,108 June, ion?. T.ftns.878
Beet.. 10 8. 8.003.783 Mch.. 1007. 8.041 (IBS
Juns. 1018. 8,ft7.81T Pent.. 1007. .43.Vnn
SVetl.. 1913. T.488.03. Deo, 1007. 4.824.333
March
May .
October
December
Janu&n
Saturday's Today's
close open. 10:30 1 1 ;.10 1-3(1
. .. 23 .".", 3.1.411 2.1.411 33,411 2.1.41)
.... -'2.411 22.IIII 22.110 22.11.1 , ..
2.' 7.1 33 111 23 in 23 0.1 23 oil
21. BO 22.21 22 21 22 20 22 211
21. Ml 22.ni 22.01 22.311 22. an
" .'.A'.-. -'I-' -' '" -'1 73 21 7.1
. . 20.34 20.711 311.711 211.7.1 20 711
20.110 21 pi 21JI, 21 ii.1 21 nil
,.. 20.12 2H.4II 211 III 211 411 .
20 23 20.7.1 211 7.1 211.7.1 2n To
211.41120 40 20 10 211.411
10 33 20.00 20.I1H 211.01) 20.110
iVem York Bonds
Combined Reserve Dank Statement
Washington, March 10. The weekly
report of the combined condition of the
twelve Federal Heserve banks, nt the.
close of business on Friday, March 7,
announced by the Federal Heserve
Board, Is as follows, (000 omitted) :
RESOURCES
Gold coin and certlfl-
March 7 Feb. 28
eatea In vault 1341.010 134.1.762
Oold settlement fund... 311, 727 43.4K4
Qold with forelcn asen- .
Cle 5.829 u.820
1838,120 181.1,075
Total cold held by
banVs
Qold with Federal Its.
serve arent ll.ldJ.8IO I1.1S7.760
GoM redemption fund
with U. 8. Treasurer 1IT..113 120.183
Total gold reserves.. fl, 230.479 $2,123,998
lsal tender, silver
cits., subsidiary coin. $03,983 1H5.723
Total reserves $2,203.4112 $2,188,733
Bills discounted secured
by sovt. war obllr. . .$l,T0t.4ST $1,480.(184
AUother 186,340 310.13(1
Bills bousht In open
market 2T1.4I3 278,010
Total bills on hand.. $2,101. 230 $2,150,731
V. H. Oovt. Ions-term
Mcurltle 82T.03T $2T,04
V. 8. Oovt. short-term
ucurltlei 159,833 153,888
All other earning: assets 4 4
84 Ti
85 ;
00
78
95,
62 as
Tout earnlnr assets, $2,348,110 $2,339,323
Hank premises , $9,729
'Vneolleeted Items (de
ducted from gross de
posits) 509,107
Five per cent redemp-
' Uon fund against F.
K. blc notes V.429
All other resources,,,, 8,210
$9,713
633,443
8.B1S
6,497
Total resource $3,178,114 $3,200,730
LIABILITIES
Capital paid ln $1
ataemliis
Qovemmsnt deposits
Stum x. to members'
account
taction Items
tr deooslts. Included
JW government credits
iSBt
re-
1.4J0
45. 4M
lt.33lt
1,120.07(1
foe.ssv
181,40
22.788
2U9.H7S
1.383.012
480,237
123.883 114.738
lV!
jrjasu,
.aaasai
l8ssFa
Kill
;(v
1 gross deposits,, $2,401, 1ST $2,304,602
,1 neserve notes
actual circulation. 12,488,537 $2,460,348
1 Heserve bank
i in circulation.
liability... 136,391 133,463
isr iiauiimes, in
aoreurn
credits.
gov-
20.763
44,793
liabilities $3,178,134 $3,113,112
ef total reserve
Bat deposit and
Tai reserve noie .
Hire combined.. 01.4 r dz.2
of geld reserves
Federal reaerve
Itt aciuai cireu
after setting
It llabStlM..., 68.3!, 64.3
68000 Anglo-Fr Bs . 97,
1 1 000 Am l & I. Os.KiO'l
5000 Am Smelt 6s. . 917.J
14000 A Tel cv 4Hs 88V,
37000 Am T & T Cs lu3i,
1000 Armour C 4V-s 88 Vi
2000 Atchison 4s. . 82 u
4000 At Co L 4l,s. 83T,
3000 U & O 3Hs.. 885
1000 do cv 4Hs.. 78
2000Hrook H T 7s 84
15000 Bordeaux Os. .101',:
1000 Can Gov 5s '21 98h
5000 do 1926. ... 9,
2000 do 1931 97i
1000 Chile 6s
10000 C & O cv 5s. .
ItOOOChl C,t W 4s.
1000 Chi Hwys 5s.
2000 Chi H & Q 4s.
8000 Chi I & W 4s.
2000 Chi Mil & St I
cv Hjs ... ,8
6000 Col Indus 5s.. 73-i
20000 Col & Sth 4Ss 78
68000 City I'arls Hs.lOOA
9000 Erie conv 4s
Series II ... 50 u
10000 H & M In 5s.. 16a,
28000 Int Met 4'jS. 38
5000 Int U T ref 5s 72
2000 K C Ft S&M 5s 84 4
3000 Kan C Ter 4s. 78
2000 L, Sh deb 4s '28 89
2000 do 4s 1931... 87
3000 I.lg & M T 5s. 91,
11000 Iuls & X 4s. 85
164000 1,1b Bend 3 Vis 08.60
419000 do conv 4s... 93 72
70000 do 1st 4s 94.56
C42000 do 4 Us' ... 95.28
3000 do 1st 4 '.is . 94.62
346000 do 2d 4V,s.. 94.04
1148000 do 4th 4 Us . 94.08
12000 Lyons 6s 101 U
4000 Leh V rets 6s.l01,
34000 Marseilles 6s 101 U
4000 Minn & St L 4s 45 U
3000 Mo Pac gen 4s 61
1000 Xa HH Mx 12s 60
2000 X V C&II en 4s 74 4
1000 do 6s 98?.
3000 do 44s 82
5000X Y C 4s 1959. 91 ',4
1000 X Y O B I, & II 93
20000 X Y Hwy 5s.. 13 '4
2000 Xor Pac 4s . . 83 U
4000 Pa gen rt 4 Vis 80 H
10000 Penna en 4Hs 95
14000 Penna 5s '68 95
1000 1'hlla Co co '22 911
3000 PierceO 6s 1924 92?,
1000 Sinclair Oil 7s 90 Vi
27000 So Pac cv 4s 83 i
208000 do cv 6s.... 101(4
1000 So Ity St L, 4s 72
5000 Texas Co 6s, 102
8000 Third Avad 6h 30
6000 U P L Co 5s 88 1;
18000 U S Itealty 6s 72 'i
2000 U S Hub 5a... 80U
8000 U S Stl s f Bs.lOOU
10000 Und'nd F.leo 6s 77
4000 U K of G H &
I 5 Vis '19.100
30000 do 1921 98
26000. do 1937 100
1000 W Union 4i,is 86
Low 1 :30
97 U 97',
100U 100U
91! 9174
88', 88'-
10.1111 103U
88'i 88'!
82 'i 82 V,
837, 837,
88U 8SU
78 78
81 84
101 101
98 U 98 U
96, 96,
97, 97r'
81 N, 84?,;
85 i 85';
not, mi.
Atlanta
Illg Ledge
Hutte Xew York
Con Ariz
C F S & Jerome ....
First National
Ooldtleld Merger ...
(toldflelrl Cons
' !'il'1tH'ld l-'lorcnee . . .
inldneld Kewnnas. . .
(Ireen Monster
IWcln Mining
Howe S'lund
Independene, I'ad . . .
Jerome Verde
Jim Hutler
.lumhn Mxt.Mislon ....
MeKlnley Harragh...
Magma Copper
i' 'ther Lode
Mines Co of America
Xevada Hills
Xeada Wonder
Xipl.'-slng
Ohio Copper
Hay Hercules
San Toy
Stewart
Tnnopah Kxtenslon .
United Verde
Wen Knd Con
White Caps
'i
1
aa
1''
i
17
33
4
'.
4 '4
3;,
33
14
45
7
32
1-3:
3
70
8T4
32
1A
14
78
95
r,2ai
73
78
100
B0V4
1BU
37
72
84 Y.
78
89
86!.
91,
81 ,
9 8.. Ill
93.66
94.40
95.22
94.56
93.92
94.00
101
101
ioiu
15 U
not,
60
74 Vi
98
82
91H
93
13 Vi
83 U
86V
95 i
95
9US4
92,
96 VS
83 V,
103
72
102
30
88V4
72
80U
100U
100
98
100 V,
86
05 "a
C2a,
78
73
78
100 J,
B0U
1644
37 H
7
84 Vi
78
89
HONDS
Hethlehem 7s (notes). 101
Cosden oil 0s 90
Cos-den & Co f.s Oil
Cudahy 7s 101 i
Itussinn Covt 5'ts .. 58
dnC-s 05
Southern nail way 5s. 99
Sinclair Oil Os 89
Todd Shipbuilding Co. 104
i
ti
l'i
A
8 '
19
37
6
4 A
3!4
3
!i
37
17
48
29
34
n
so
9 '4
i:,
01
- '4
8'i
'2?i
33
17
101 ',i
93
93
1"2U
00
ns
99 u
92
110
19
4114
3'.i
33
9Vi
2,i
l'i
1C
lttth Steel 8''r pf.100
llnoth Fisheries. . 20
llrklyn Hap Trail. 21!
Hrown Shoe 74
Ilurns Brothers... 141
llutto Cop & .Inc. Oh
Hutto & Superior. 10!a
llutterlck Co 2 Ha
California Puck... !i'U
California Petrol.. 2,.'a 2i.". 2C
Cellfornla Pet pf. 71 74.h " 4
Canadian Pacific. 103 103h' UU
Cent Leather Co. . OSh OS!, 07
Cerro dit Pasco C. ,!2h 32)5
Chandler Motor... 127
Chesa & Ohio. . . . oSh
Chi (It West pf... 25! 4
Chi Mil & St P... 37
Chi M & St P Pf.. 70
Chi H t H Pac... 2l!i
C It 1 & P C'e Pf. 02
C II U 1' 7Ve Pf- 70!a
Chile Copper .... ISh
Chlno Copper .... Ill's
Colorado F & Ir. . 40! j
Colorado South. . . 20
Columbia C & K. 40
Consolidated tins. 00
Con Inter Cal M. I J'
Continental Can.. 81 h
Corn Prod Kef. ... 4sh
Crucible Steel O.Va
Cuba Cane Sugar. 24 h
Cuba Cine Sug pf. 7lh
Deere A: Co pf . . . 05
Delaware & Hud. KM)
Dcnv & Hlo Cr pf. 8
Distillers' St'vur. . 01
Dome Mines 12.','
Urlo I7.'a
Krle 1st pf .').',
Fisher Hodv 51h'
tlnston W & W... 32! 1
Ueneral Cigar Ml
Oeneral Klectrlc. ,1.".".T,
Oeneral Motors. . . Io0
(ien Motors rts. . . SI?;
(ien Motors pf. . . SO
Goodrich (HF)Co. lis!.
tiranby Conaol... ,0.h
lireat Northern pf. 04
(it X cfs for o p. dO
Orcene-Can Cop.. -13!j
(iulf Mob & Xor.. 8
(iulf States Steel. 5.".h
Illinois Central... 00
Inspiration Cop... -IS
lntcrborough Con. 0),
Inter!) Con pf. ... 22
Internnt Agrlu... 15,','
lntern.it Agrlc pf. 01.'
Inter Hnrv new,, 110
Inter Mer Mar... 2.1'i 2,".'i 24!i
Inter Mer Mar pf . 1U.M, 10s)i lOOjj
Internnt Nickel... 2(!h 20! s 20
Intermit Paper... 4S 4S','
Inter I'.ip pf stpd. 75.h 75!i
Jewel Tea 4' 41-
Kansas City So.. . 10,',' 21
142
0".
10!
!i 58' 1
127
.V.l.h
23!
30
71U
20
0(,h
77! j
10),
35h
42! a
2SU
40!i
00-
82) a
40'i
OSh
2lh
75! a
05' i
100.'i
S
02! r
I3h
IS
:wh
55
33
,r.3.h
150
100! i
;)2'a
12IWJ
50
25h
30! i
70'i
25h
00' a
70! 4'
10
31!4
llh
20i
40
00
'si
tsh
00
237.
74!,'
05' i
U'Oh
s
I J I? J
13
,17h
30.h
1
103h
07
32!
12tl.'i
50.h
25! 4
30
71U
20
00h'
77 4
lo.h
3lh
42)'
28','
40
00
'si
48'i
OSh
21
75' a
0.V1
KKiV(
S
00' 1
13h
17'.
,'IOh
7
IIS
IK
STOCKS
or,
II.,
1.1
IIS
"1
112
01
01
IS
mi
MIMCHLLAXKOUH
Arizona I'nlted 23
Nevada Wnndi r 70
Tecop.i MtnltiK 12
(lOf.DIMKI,!)
,,, 1 Atlanta
-'.. Illue llul
2l!lllnnth
. . . Criirkerl irk
HiHlnnn'lllelil
Daisy
KewHlma ..
on,
II II
Spearhead
silr
i-k
Ask
.Ms
.30
.211
.UK
.10
1,4
.07
.07
.17
.in
.n.i
.01
.(17
.nn
.73
.14
$2000 Kl & Teo
Tr 4s.. 70 70
1000 Like Sup
Inc 6s.. 63 '4 031,4
1000 Leh Vnl
Coal 6S.100V4 100U
2000 do 6s.. 101-1, 1014,
1000 Lib Honda
3d 4V,s 95.26 95.2C
10d0 Phlla Klec
1st Bs.. 0374 93T4
1000 Phlla Bei
W 4s.. 95b 954
1000 Un Hwy
Inv 6s. OS 08
70 ..
C3V4 ..
95.2C .10
9374 ..
95 i V4
3 4. Vi
DUTTER, EGGS AND CHEESE
LOCAL MEAT "AltKET
The follow Inn report on the fresh moat
trade In Philadelphia Is furnished l,y the
local live stock and meat office of the Hu
nan nf Miirki'ls. United Stuns Department
of Aarlculturc!
IIKKK. KIIKNH Receipts modernte. mar
ket stronvir on nil grade. nsklltK $1 higher
Ih.in Friday's close: eurlv trade llht.
STliUltS Itetelt'ts moderate; bulk rom
moil nnd medium tirades; market steady nt
42-' to S27: detnnnd fair.
COWS Iteeelpts moderate; market steady
nt 1li to J'.'.'l: demand lluht.
V11AI. Ileeeliils m-elerale- market steady
In Arm at 114 to $2ii: demand iule.
POItK It, relnts llpht: market stronir to
hlsher: nsklllir $2 hluhrr than Friday's close
.it 2S in San- ,1, mand fair.
LAMP Receipts ilitht: market nrm to $1
hlsher than I'rlilav's ilose nt $27 to $33;
demand Lrnod
SrL'TTON lleeelnts tlaht: market steady
at 111' to $23. demand fair
CHICAGO MUTTER AND EGGS
ClilriiKO. -.March HI llt'TTKIl Receipts,
."fli? tubs. Seconds. ,17r.
COOS Receipts. 8S70 cases. Prices un.
rhanired.
Financial Briefs
New ork. March In. liLTTKIt firmer.
Ri-celpta. 111112 tubs. Hlsher-scorlnu. now (t
(III., extras .1814 : Tide: llrsts, .l.imi.mc: sec
onds. ,,1 41 u.,c: stale dalr, 3,S8c; Imitation
creamery. 44TM.1c,
KIII1H unsettled. Receipts. 10,R7t cases.
Hxtrns. 4.1V4Hi4lc; estrn firsts. 4214W43cs
nrsts. 417 42p: seconds. .111(1 4ll'4c: dirties,
N"i..h 3!'ct' '" 2. 30f,3c; checks. No, 1.
.IHW,l7r cheeks. No , 34W33c; state and
nearbv hennery whites. HKf.liic! arathered
whiles. 8T4TS8CI ParlOe coast whites. 40W
411c. western nnd southern gathered whites,
4Sc state hennery browns, 438 47c; mixed
colore,, -;:'n i,c,
L,ii!.e.nr. nrm. sironv. iieeeinfa. n.-.T ., , - : ... . - ,
iM.ves Miiiie .eiintA Ai i u ,--, , , niiu ni, n iiei iniiiie, liner t-iiHrBes nnn
Si"'?. traV."cufVen!0 rnUke: WlK.: SSw'aaft i Wf VS'M 6,',"'1"' " compared
flat, current make, cqlored, alerase run, with $6,791,234 In 1917.
,i243."n, flat, current make, white, average
iwins. current make, spc
STEEL COMMON LEADS TRADING
ON THE PHILADELPHIA EXCHANGE
That Issue Is Most Active and Advances After Drop,
Corn Exchange Bank Rises 5 Points and i
William Cramp Declines Sharply, '
1 .1 ""yvjBPii
United StnteA Steel common wns the only stock showing activity of
Interest In today's early trading on the Philadelphia exchange. Huslncsg
ln homo Issues was nearly all In small, odd lots nnd price changes wero
Irregular, reflecting the uncertainty Indicated by the big board after It
had registered strength nt the start. Although the leader from point of
activity, Steel was .Inclined downward early, but later It advanced In Una
with Its course In Now York.
The widest changes for strictly local stocks were a decline of more than
3 points for William Crnmp trust certificates nnd nn advance of 5 points
for Corn Kxohnngo National to 360, the latter on a transaction of ten
shares, tho first recorded for some time.
Lake Superior become fairly active after the first hour and gained
a fraction, Klectrlc Storage Battery advanced, Lehigh Navigation moved
up Vt, Transit certificates gained fractionally and Philadelphia Electric,
United das Improvement and Tonopah-Belmont come out unchanged.
Halls were firm, Heading advancing more than 1 point, Lehigh Valley,
, Pennsylvania V4 and Southern Pacific selling unchanged. ' Pennsylvania
turned nctlve around midday, when nearly all the rails were active in
New York.
Bond business was slow and uninteresting.
The annual meeting of Southern
Pacific Company will he held April 9.
Hooks close March 25 and re-open
April 10.
Wilson & Co. hns Issued Its nnnunl
I report for the year ended December 28,
run. :i"-s 4tai e
ciai. a,c.
NEW YORK COFFEE MARKET
New York, Mnrch 10. The market
for coffee futures opened sternly at an
advance of one to three points, with a
fair demand for the December which
opened nt 14c, sold to 13.98c nnd back
to 13.99c.
Saturday's
rlose
May 1.1.2."
July 14.38
September 1 1 2.'l
December 13.11.1
March
Today's
openlnc
1.1. .in
14. on
14.24
13 117
13.113
DIVIDENDS DECLARED
Interna tlonnl Harvt utT ("omnny nunr
ttrly of $l.flo on common, payable April 1 A
to iitock of record Mnrch 2.1.
J. I. I'aw ThrenhlnK Machine Company,
(iiiarterly of 1 i jmt c-nt on .-referrwl. pay.
liaise r;w.r t H'IUi .11111 1 II l
II.
Reynolds Tobacco Comp
. nuar-
Thc annual report or tne Hercules
Powder Company shows gross receipts
during 1918 nggregnted $46,666,052; net
earnings from nil sources, after making
deductions, $2,370,134: paid or set aside
for preferred dividend, $374,500; avail
able for Improvements or dividends on
common stock, $1,995,634 nnd dividends
paid (in common stock, 17 per cent.
The
000 to
a cash
218,000.
tin comn
e New Y
Ihe
net
brk Subtreasurv lost $266
oanKs on Saturday,
loss since Friday
making
or $1,-
. ... - .- . r. .i . .. - -r--".--.
leriy oi .i imt cent on -a nnn "ii com
mon nno or I ", per eenl on preferred, all I
payable April 1 to stock of record March 21. I
Senators Purchase. Ike Davis
Washington. March 10. The Wash,
tnutnn club has purchased InOelder Ike
D-ivIa from the Wichita Western I.eacu
club. Davis played third nnd shortstop for
Wichita In 1917 nnd last year was In Ihe
navy, from which hj recently secured his
dlschnrRe.
Extra by Dodge Manufacturing
New York, March 10. The Dodge
Manufacturing Company declared the
regular quarterly dividend of li per
vent on the preferred, payable April 1
o stock of record March 21, Also the
regular quarterly dividend of 1V4 pe
cent and the usual extra dividend of 1
per cent on the common, both payable
April 1 to stock of record Mnrch 28.
Liggett & Myers Pay Extra
New York, Tdarch 10. The Liggett &
Mvers Tobacco Company declared nn
extra dividend of $4 a share on the
common stock, payable April 1.
Wcatlnghoute Sells British Holdings
New York, March 10. The Westing
house Klectrlc and Manufacturing Com
pany has sold to 3rltlrh Interests for
approximately $7,000,000 Its holdings in
Klectrlc Holdings, Limited, a concern
which was organized ln London In May,
1917, to take over the British Westing
house nnd Manufacturing Company. In
return for stock control of tne latter
concern, Westlnghouse Klectrlc received
shout half the ordinary stock of Klectrlc
Holdings. Limited, and $6,600,000 of Its
ten-year 6 per cent prior lien bonds.
Don't Overpay
Your Income
Tax
In justice to yourself as
well as to the Govern
ment, it will pay you to
employ our services.
Consult us before filing your
return.
NATIONAL TAX
AUDIT BUREAU
TaxExptrti & Public Accountant!
406 Colonial Trust Bldg.
Market and 13th Sts.
Spruce 1075 Ilace 906
Open Kvenlngs This Week Until Ten
.vta a.'. 1 B
i.-C) i .('. I
'M 1.V.IJ, 1 1
S(i S(i SI,
0!l!i l.8? bS7
71H 70!i "l'i,
115! i J45a UJ'.l
10! a -10 .lb j I
4Hi i:t!a -111'. I
H'.i X'l hH '
50 fi-'ij. "j.',
.)) U'.l J!I I
18.',' 47!,' 47?' , I
Kelly Sprlngfd T.llllU ll!
nil. ,
:iu
:i2W
MONEY-LENDING RATES
xniV YORK Money on call, mixed
collateral, opened todny at 4'i per cent
for lending nnd renewing. On nil In
dustrial collateral, the opening rate was
6 per cent.
Time money todny was quiet with
very little being loaned. All Industrial
money wns quoted 6.4fi5s, per cent
ami
Kennccolt (
Lack Steel
lA-e llubber & T. . 20"
Lehigh Valley o,"
loow-Wlles His.. 4S
Loose-W H 1st pf. ll.'i
Marlin-KoeUwcll. . 7.1
Maxwell Motors.. .'i(i'
Maxwell M 1st pf. 01"
Maxwell .11 2d pf
May Dept .Stores.
Mexican Petrol..
Mexican Pet pf. ,
Miami Copper . .
Mldvalo Sleel ...
Minn & St L new
M St Pet S S M.
M St P &S S M pf.lU7
Mo Kan & Texas. (US
Mo Kan & Tex pf .
Mo Paclflo
Mo Pacific pf....
Montana Power.. .
Nat Acme
Nat Cond & Cable.
Nat Cloak & Suit.
Nat Knnm & Stp.
Nat It of M 2d pf.
Nevada Con Cop,
New Orl T & M . .
X Y Air Brake... 100! j 101
X Y Central "j1 'iGU
X Y C&St L 2d pf. 44- ...
X Y Chi & St I... 27 ...
X Y Dock 'JOU 20
x y x h & ii... :i4 am
Norfolk & Vest..l04i Wo-i"
Northern Pacific H.'Ua 04.".
Ohio Wiles (Jas... 'Mi 3,'i
Ohio Cities C, rts. 3i :
. 0t)?i
,1K1!,
. 100
. '.'.'I!
. 401.
. 12
!)0.'
lllJi
24 i
oil's
70.'
.30) i
104
.1
51J,'
W.
10.' i
:u
5,V a
4ll.'j
115
30Ji
CO.'i
2.!j
71
lS4!a
10S
21
IS
12) i
Ul
OK
Ufa 2oJ.
53! a
' 31
lC,?i
72
52 !i
1'JJi
IC.'i
81
47,'
75)a
40
lil.'i
110
ai'4'
70 'j
55
4!)
115
M'i
00',
27 h
70
1S.I
108
2.').','
411!
12
Ul
G
nn
24i
5:i 'i
'.ii
10a
217 i
I OS' a
2(1
47!,'
75! j
40; j
110
:t2!-i
7-';
10! a
IGi
3.1
103!5
75
40! a
115 '
GO';
27! i
1 1
lSl!a
10S -
24
47! i
P.".
01
' v,n
Ilia'
25
53! i
'ill
10! a
72
52) J
12'i
lll'a
:w
101
7GU
20
33?,
105
03! a
38
31,
nd mixed collateral loans nt B14 per 1 nmiri,, Mlninir r,: 7 7
.nt for all maturities Member aceep- nkln,mma I- & ii' &7 s'i M,
ance bills were 4ft(4Vi per cent ills. I " ,'1"'n'?; 1 & II' .,?.', .i,',. .!
ount. nonmember bills. 4, (S41, nnd 1 Pacific Mall f.lU -t-Ua .13'
nellglbles 5t8ii5 er cent. Pacillo Tel & Tel. 27
tarn
coui
Inellglhli
The acceptance market also was nulet
and unchanged.
91,
85
98.52
93.66
91.40
96.20 I ,
94.02 1 I'll ILAIir.I.PllIA Call, 5-U percent;
94.00! time, 5;&6 per cent. Commercial pa
per, inrce to six mnnins, tn, '(lo's per
cent; six months, G per cent.
94.02
101
101
101U
45K
61
50
7H4
98T4
Pan-Am Pet & Tr. S3 83
Pan-Am P & T pf.143 141
Penna 11 11 44!i 45
Peitnle'i flou Hhlf. TOlli Tt')M
20
34
105i '
114?. I
3s!a I
7' I
S'i I
33) a I
83
$7,410,000
New York Central Railroad,
Equipment Trust of 1917 Certificates
4y2
January 1 and July 1
Maturing $570,000 each January 1 from 1920 to 1932, inclusive.
$2,666,000
2,808,000
Authorized $19,995,000
Matured or cancelled .-
Issuable, at not exceeding 80 of cost of new equipment.
Outstanding, including these certificates $14,521,000
T,he oustanding certificates mature $1,117,000 each January 1 from 1920 to 1932, inclusive.
Denominations: Coupon, $1000; rcgisterablc as to principal.
Registered, $1000, $5000, $10,000 and $50,000. ,
GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE
mary 1, 19-,, maturity, price 99.22
" 1, 1921, " " 98.10
" 1, 1922, " " 9C.81
" 1..1923, " " 95.37
" . 1, 1924, " " 94.32
" 1, 1925, " " 93.32
" 1, 1926, " " 92.38
" 1, 1927, " " 91.49
" 1, 1928, " " 90.65
" 1, 1929, " " 89.86
" 1, 1930, " " 89.12
" , 1, 1931, " " 88.41
" 1, 1932, " " 87.75
99.22 and interest, to yield 5
57o
" " " 5'
57
" " " 5
" " " 57i
' 6T4
" " 5
" " 5
' " 5'
' 5i
' 57
" " " 6
$7,800,000
Michigan Central Railroad
Equipment Trust of 1917 Certificates
Reserve Ranks' Discount Rates
Official discount rntes nt the twelve
i-enerni neserve nanKs were ns follows: i ti,,h g. West Va
(The nrst column gives' the rates for i ;.,. ,,, ,....
Pere Marn pf.
Philadelphia Co.
Pierce-Arrow ...
Plerce-Arrow pf.
I'lerco Oil
Pittsburgh Coal.
Pitts Coal pf.
40 ...
35 a 30
44U 45
104!. 105
17U 17!a'
48 40)4'
SO 87
38 as'.'
08! a 08! a
33W
81!
141!a 142!i
44' 41!,'l
5U aa;,
'so 'lm
44!. 45 I
104!i 104!a
nM .! a. .. .! l-.-l...lt.. 4TIa
.in s nekt,,ri... ,un ,! . i,i Pullman Co ll;i lio
of sixteen to ninety days. The third I Hwy h,eel Spring. ,0a ibV
and fourth columns are the rates for) Hay Consol Cop.. lUJi SSJI4
rediscounts of collateral loans becured lteadlng 844, 85!.
by government bondf or notes.) Heading 1st pf... 38.'. 3Sla
Com. nanee tlov. naner 1 Iten Iron Si Steel. Kllf 85
10 to mi la to 90 1 nep Ir & Stl pf . . 102 10214 102a 102j
tu ua.n u's.-sr iu 11 J 44 J
91V4
93
13H
83 U
864
95 i
OR
1,1 , noston
ft 1 I New York
I Phllartelphla
96'.4 1 Cleveland .
834 inlchmond ..
103
102
30
88 ;
72
86 U
100 'J
77
100
9811
Atlanta
Chlcaso
Minneapolis . . .
HI. 1-ouls
Kansas City . .
San Kranrlsco.
Dallas
4.
4.
4.
4H
4",
4.
4'4
4
4
4
4
4U
4
Hep Iron & Steel. 8111
Hep Ir & Stl pf..l02
Hoy Dutch tr rets. 02.'.
St Louls-S Fran.. 12;.
St L-San Pran pf. 25
St L Southw't pf. 41
Saxon Motor .... 10! j
Sears Itoeb & Co. 172
Shnttuck-Arlzona, 10
Sinclair Oil Hef... 35! a
Sloss-.Htuff S & I. 63
I Southern Pacific. . 103W
I Southern Hallway. 2U!i
Rtromberg Curb.. 30)a
FOREIGN EXCHANCE Studebaker Co.... 0IJ.
New York. March 10. The foreign , Stut Motor .... filjf
exchange market today was dull nnd Superior Steel ... 3G?i
uninteresting, It being pointed out that Tenn Cop & Ch.. . 13J
i;
48!i
80! a
37!,
005
117! j
70!,'
20
81'.
81!,'
17)i
40!f
8,
3S.'i '
(i8tj
117J,'
7G!,'
JO
85
mi
85
4
4
4
4U
4'
4 i
4, 5 4
4i 4
0 4',1
f. 4'i
4;05 4
4H
41,
4V
4v;
44 '
4,; I
4Vi
44i
4U
4U
4U
04
13
lD.'a
173
ii,;;
30! a
64!.
11!,'
20!4
"02Ji
52
37
la.'a
02
13
"33!i
10,,
173
10
30
53
04
13
' 33J,'
10! a
'73
10
30
631
102i 103'.
201 2U'
DANK CLEARINCS
Hank clearings today compared with cor
responding day last two aers!
1919 1918 1B17
rhlla. ..S30.4HL1B3 130.734. T4R I40.K,I1R
N. York Ssil.li31.nlo 3U.V(irt.r,T.1 334,037,101
Huston,. 33.003,480 31.S41.014 'Jll.,1 lll,7tl.-i
OTHER FINANCIAL NEJT'S ,
ON PAGE 16 '
si
grjsz ! thla condition had been brought about TexaB Co 103!j 107
I Dy uncertainly witn respect to tne sail- . Texas & Pacific. 32!. 33
Ing of vessels from this port becnuso n-i.,..i 4 .. 111;
I ..t .U kn-K- .llrn U, J. ...,.. ". I'AIIUM Oll'tiuo "
".' "" " on, or, oia.y.iiuy Bier- Tnt,n.n vrn,,
line- mnti u'.,fl nnnr.n , j Tin nn., t - "
ninety.uay nuts nt 1.71. both nominal,
Quotations were:
Demand sterling 4.75?i. cables 4.76A,
Franc cheeks 8.48y,, cables 6,47i.
Swiss checks 4.85, cables 4.81.
Cullder checks 41A, cables 414.
Peseta checks 20,85. cables 20.98.
Stockholm checks 28. cables 28.20.
Christiana checks 27, cahles 27,20.
Copenhagen checks 25.90, cables 26.10,
Lire checks 6.36 H. cables E.35.
Iluble currency was quojed at 14.80.
Products. a:j
Tobacco Prod pf . 100
Tobacco Prod rts, 0,'i
Transun & Wins.. 38! i
Union nag & Pap. 80
Union Pacific
Unit Alloy Steel.. 421
United Cigar Strs.134!'
United Drug 00.' .'
Unit Drug 2d pf.. 05.'.
United Fruit . ,..10'J
USCI P&F..,. iOH
88! i
100
0!i
40
81
40! i
30! a
12!'
103
32! i
87
100
0!f
30 .
81
02!i
50
37
13U
107
32K
'&S!i
100
0J,'
MH
81
Authorized $9,000,000.
O
March 1 and September 1
Maturing $600,000 each March 1 from 1920 to 1932, inclusive.
Matured-or cancelled, $1,200,000.
Denomination: .Coupon, $1000; rcgisterablc os to principal.
Registered, $1000, $5000, $10,000 and $50,000.
Outstanding, $7,800,000.
GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE
March 1, 1920, maturity, price 100.47 and interest, to yield 5V4
1, 1921,
1, 1922,
1, 1923,
1, 1924,
1, 1025,
1, 1926,
1, 1927,
1, 1928,
1, 1929,
1, 1930,
1, 1931,
1, 1932,
1 00.69
1 00.67
1 00.44
100.53
100.62
1 00.71
1 00.79
100.86
1 00.93
1 01.00
101.06
101.12
G
5
5
5Ts
5Ts
5
57i
57
Wo
e7
Lioj a Liiii r-Wi iSo;;;
43
134
100
42
132
100
160!.' 160;.'
20 20
42 U
133
100
1G0J,
20
Theso certificates are secured by first and only charge upon equipment leased by the Trustee to the
New York Central Railroad Company and the Michigan 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, substantially all of which was purchased during the year 1916, was
approximately 459t in excess of the face amount of certificates now outstanding. It is estimated that the
replacement of this equipment at present would require the expenditure of a sum more than double the
amount of certificates now outstanding.
The issuance of these certificates has been approved by the United States Railroad Administration.
The form of nil papers and proceedings in this business is to be approved by our counsel.
We offer these certificates, Bubject to delivery to us and to prior sale or change in price, at the above
prices.
Bankers Trust Company The Union Trust Company
New York of Pittsburgh
Hallgarten & Company
New York
STATEMENTS WHILE DA3ED UPON THE DEST OBTAINABLE INFOBMATlON AIIE NOT QUAIIANTEED
2 Tt
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