yf,'ww" ' ;' J!?p-Vi,.f
i
sv
i.
? 'T5 ST7T
jb1
P
&
K
r
'c
L?.f
'
ra
r .
9 f r.
UVJV
s&sw1
sin.
Iv
fcW .
1 5
-. '
'
s n
To Yield 6.65
A first and refunding mort-
gage 6 bond of .the,
i ftablic Utilities Co., of Evans
rille, Ind., at 95.
Net earnings are twice bond
charges.
In 9100 and $500 pieces, also.
Ask for Circular I'K-313
The National City
Company
Ctrtstendinl Open in 47 CilUt.
FailiaelpUa 1421 Cneitnol Si.
Telephone 5400 Locust
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK $UOTATION$t
i i i i -mmm. - ' ' i i i i- m - , . - - - - -ii i -.- . - !
NEW YORK MARKET IRREGULAR,
I
pui
New Prices
for
Old Bonds
This is not a catch
headline, but a state
ment of fact which
should interest in
vestors. There are bonds that
have been on the mar
ket for years which
are just as strong to
day as ever but n,ie
selling at prices that
make them more at
tractive than ever.
For details send for
Circular L-2h
A. B. Leach & Co., Inc.
115 South Fourth Street
WITH MARINE PREFERRED STRONG
Important Developments Expected at Tomorrow's Meet
ing Steel Becomes Prominent by Wide Advance,
but Later Recedes Oils Heavy
New AorU, March 19 - The ninrket tncvoments on the stoc K exchange
today included Ikoioub advances in mnnv stock, with some selling at
new high record's, vvhllo other were under pressute nt frequent Intervnls,
causing advances and leactlons In constant sequence during the entire
dav, but without much los-s in trading positions generally as a result nt
realizing sales, which had been in large volume In the leading stocks
Most Interest was attached to the lindlng In the Mercantile Marine
stocks, because of expected de elopments nt the directors' meeting to
morrow, when some aUlon is expected to he taken on tne accumulation
on tho pre felted stock, and probability elsts that announcement may
bo made of a plan for leudjusting capitalisation
Marino pieforted made a gain of t points to 114, but a good
part of that advance was wiped nut on a teartlon late In the day.
Mailne common rose nearlv 2 points to 28 and held most of this
gain until tho close.
There was a display of stiength In United Stales Steel common,
with representatives of the Urge hoi'ders appearing as buvers and putting
that stock from 91 to 96 although It icacted about 1 point after some
large bulng ordeis wete executed
Corn Products moved up about 1 polntyto the new high record of ii4.
The oil stocks developed heaviness, Mexican Petroleum falling fiom
ISC to 182 and Sinclair Oil diopped more than 2 points to 42.
Sugar stocks were prominent around mlddnv, when .American Sugar
Refining advanced nearl ." points to 12314
lbislness in the lxind inaiket continued concentrated liigelv In
tho Libertv issue-., with the fourth 4s moving up from yesterdav's low
level of 93 7t to 93 90 Headings In other bonds were smull and without
material changes In price
NEW YORK STOCK SALES
Previous
, , close High
vuvunce uuincly. 27Ji 28
nv uumoly pr . . (iV.(
AJax Rubber , , . 7,if
Alaska (Jold II , gjj
Alaska Juneau . o'
AlllR-Chalm Mfg. 33
.iua-ciiuim .vi pr, cjl)
73
3'i
2
3i
01
Am Agnelli Cliem 107J4 lOc?,
Am Aerl au nt ini f
101
7ifa To'.
48
i',i
X10
102
00
113
47
l.,
04H
18i
0 , 71
01
40.' i
13'
17
VZU
48
48
bH'f
eo;4'
4i)i i
W 4
SOJi
00
2.
GO
Cb'a
IOW l.t
2"'5 28
02 02,
73' J 7J'
a1 j :
2 2
av. M
no oi
lOt'i 107
74li '"."
47U 4."i
1112'i KVi'k
00! 00! 1
I7i 1'
r,5 05; i
17 17
'en1. '70B
18 48'i
8') SO
(,(,!, 00i
2
si) so
(,b 18' J
TRADING IS LIGHTER MOST CURB INTEREST
AND PRICES MIXED IN COMMONWEALTH
Am ArtI c?h nf
Am Rect Sugar.
jm uan
Am Can pf
Am car & Vil'
Am f'nr p,(,(
Am Cottov-bn
Am n,gn
Aan Hrcle & Ixia.
Amtldo & h f
Ai.i lee
m ico pf
KAm International,
Am i.insccd
Am l.insced pf
Am Locomotive
Am Molting .. .
A M 1st llf CI nf i
Am Sniull A. Ucf.. oHJ
Am Sin ftcf pf 0j
Am Steel r'drlos . S03S
Am Sucrar lldfln 1101
Am Sumatra Tob.mw 114H H-,,a ,14'
Am Tel & Tel . . . 104 105 105 105
Am Tobacco tnart .ini.i 2n2 202
Am Tcb pf new.. 101' lOlU 101!i ,t"'
52' i
100
.'8's
is;;
COJi
24K
TAH
02Ii
7i
115
88 J i
10
121
l'i
Am Win1n
Am Woolen pf .
Am AVrit Pap pf
Am Zinc litis .
Anaconda. Copper
Asso Dry Goods.
Associated, Oil...
Atch Top tSF
Atlantic, nir & At
Atl -Gulf fi. w 1.
Rftldwln Loco . .
Bait & Ohio
Barrett Co . ...
uuiopiias Mining
81'
12.J1
u-
Ml 81
llO'n Ul
U S Steel
Ctah Conner
Utah Securities,..
Va-Caro Chem ,,.
Wabash
Wabash pf A . . . .
Wells-Kargo llxp
West Maryland...
Western Pacific...
West Pac pf
West Cnlon Tel.,
Westliigh 13 & M.
Wheel & Lk Hrlc,
Wilson & Co....
Wlllys-Ovcrland..
Wllljs-Overld uf.
Woclworth Co ..
Worthlngton P..
Worth P pf A...
Worth l'nf B...
Previous
close High
pf....ll4!i 114
71U
lfi.
50Ji
vi
m
11
10
58' i
8')
17!i
8j
7(15 77
29! i 29'
0.1'i
120JS 125
l!0!i U5'
94U 01U
72! 7 72!
1
15.'i
07M
8'-i
31
(12
11
10U
57
88.' 1
40
8!f
IrflW
114
70'f
15'i
68
33'i
0t
10',
10
50
4'li-s
8.U
i
28',
125
iil!
OJJj
71!X
l.nst
114
71
15
58
'33'.
(H
10'i
10
58
89
41 'k
8H
77
2'ih
12,'B
01'.
111! I
C0TON IS IRREGULAR;
WALL STREET SELLS
51'
38)
12H
1
' 74i
02! 1
117ti
89! i
48! i
li.
Beth Stl Class n. G5t G0!5
UeUi Steel 8 pf.l04t' 104'i
Booth Fisheries -. 21 21
mmwm
Sccrc Iosscs Occur in Lat
Hour Sotni' Doubt if Bull
Markets Were Real
lltleK.
lixlnv tntiilril H!).'.;(I0
Income Tax Rates Are
High Don't Overpay
We specialize in preparing and
Ming returns, auditing and clos
ing books for corporations, firms,
individuals, estates, trusts, etc.,
and we u.ill give you the benefit
of evety allowable deduction and
credit tnat will serve to reduce
your taxes,
.,Mr,. Hao." n y"a" nt Washington
& Jk'tl R.Wnu'e1 fflrlS?elPhta- W"h
HAAS & CARR
Public Accountants
C nnncl on Federal Titration
I'ennsjlvania Building
Spruce 913 Philadelphia, Pa.
Open Kccnlnss
-The New v. 01 Ic
review foi lo-
Brkljn Rap Tran 2"i'4
Burns Brothers . . 142! 1
. , 1 Butte Con & Zinc. C,'i
I hat IsMie Ife Stronc and Uther ("""o superior. 20
37 371 s
12H l!a
CO1, 01
7l'j -74'5
'Jl'i 02!
114'; ic5!
87!, 88' 1
485, toll
"V,i "lit
05 f0!a
101'j 10V
20' 1 20h
2.1' 23i
Slocks Arc Sold by
Desiring It
Butterli-l. Cn
TIlOSC California Peck..
I California Petrol.
California Pet pf
Calumet ,Cfc Arl
I Canadian Pacific
I Cent Leather Co .
Most c.f the I cent Lea Co nf .
the Broad Slieet I Cc rro de Pisco C
(.'3
20' 1
22! i
(,0'i 0()4
20'i 20' 1
70'
TiT!
ii
19
Safe
guarded
tW3
oecurt
ties
SEVEN PER CENT
PREFERRED
SECURITIES
H. A. Stone & Company
Widener Bldg,
Corp oration Tax Returns
are very complicated To assure a Just
compliance with the Revenue. Law, they
should be prepared undpr
Legal Supervision
John 1" McHvoy i:n . until recently
Chief Deputy Collector of Internal Reve
nue for this District, is our Counsel.
r National Tax Audit Bureau
Tax Experts & Public Accountants
406 Colonial Trust Bldg.
Market and 13th St.
Aetna 13pIoshcs . .
Am Brit Mfg
Am JfarcG-nl
Am Wilting Paper
All Iteductlon
Cnnidian Car c'o
Con C'.,r i Fdv pfd
Charnal lion
Chevrolet Jlotois
Cramp
'urtlas Aeroiilane
C arw t n Tool
''arbon St. el
Ijtmrson Phonogiaiili
Hendee .Mfg . .
Lake Torp Hout .
.ehigh Coal Sales .
Lima Lou . . .
-Maxim Munitions
J 5' Shipbuilding
Aor Am Pap Pulp
Otis 13lov ator .
Peerless Motor .
Poole T3ng . .
Scrlpps-Iiuoth
Standard Motors
Meel Allovs
U. S. LIBERTY BONDS
$50, $100, $1000
BOCGIIT. SOLD AND RECOMMENDED
FOR INVESTMEJJT
Newburger, Henderson & Ioeb
14t0 CHESTNUT STREET
Memhera N. Y. und I'lilla. Stock Kiclianrrs
iHECteRfCb.
30ANKEH8
AND
KEOKERS
TIT CHltSTNUT 8T8- N.E.Cor.
UcmDcr ef PnlUd-lphU um Nw
awk nwca cjscDinres.
Salesman With
Established Clientele
Wanted lr a IMdliidelnhia
Stock Exchange House
C 118, Ledger Office
FINANCIAL
Annual Meetlnicj
'& TUE DK tOXO HOOK AND EVE
COMPANV
TJOTTPR TO RTneirilfimwiia
NOTICE IS HEREBY GIVEN that a Spe
clal rneetlnr. of the Stocliholders of '-Th.
. ..n....
D Alf ll0inio Ee Company" will be held
on April 3, 1010. at 11 o clock a m , at the
office of the Company, Hist and (! rflViH
it... Philadelphia, to 'take action on the
approval or disapproval of a proposed In
rreasa of Indebtedness of tho rnmn-n,, i
urn. of four hundred thousnnrf ali.iJ
W (f00 000) ,o be secured by morlBaeeupon
j&F rVi-. -T- i .u. i." "7 " ii'9 company.
w'.ixia: hi uiuer ul liib uuurn nr ii '
ftJUV f. il'llA-fn-.
KStf W T
wvAn - I
mfcuii . ....
$r ' uiTidenda
HATON
Secretary.
m
m.
. m
-IT2
.m&
"if
f
OITIC1S OF THE UNITED CIAS I M I'll CI
N. TF. Cor. tlroad and' Arch streets
Philadelphia. March is loin
'"f PlreJc.t; havS Lnl y declared' a
ouarterly dividend of 9 per en li .
bare.) payable April 15. 1010. to stdckhoM.
rs of record at the close of bualnua MaVeh
11. 191B. Checks will be mailed. rch
I. W. MORRIS. Treaaurer
NEW YORK COFFEE MARKET
--- V..L If.pnli IB TA . .
'ih lower Santos futures market, coffee
sJr!T,M on tne can were 10 to 14 points
trvbelow the previous close, with a lead.
' J'ins trade (merest offering freely in
BSpicmDer.
New 1 orK, Man h 11 -1
Lvininc Sim s fin cm 1 cl
d.i) follow.
The ab'-em e of a ro-nrdlnato mou
nient In stock prlcti thus far this vvei-UVvnK
has created doubts in some cpi crters a--
i to the ireiiuinenrss of the nreiu bull
deinonsttatioii" It Is concccleil that there
has betn drawn In a tnnjldeiabte public
follow uifr i No there roiilcl m-ircclv have
be tit tlio volume cjf hu cinebs turns cc ted
In the last ten clajs oi o
Tradlin; tod iv- was attain cimevvli it
IlKhtrr and prices, whllo' tbev did not
lecede In anv material decree from the
Tuesday closlncr level, vvtie hlKhlv
1 lirc-Rulcir, Blvlntr :l spotty appc.ir.incp to
the llt as a whole Bullish sentiment
&t 111 outweighs bc-irlsh sentiment
The basis for this would s.eem to he
the piosptct of an e.uh iieace which
In conjunction with the deslrahllltv of
hivlnir a Rood inailcel In the Vletoij
'Loin cHiupilgtt. and with the Inlieient
stiPiifTth within the market Itself dis
closed bv tlio c onslhte nth linn unibi-
1 tone shiiuld operate as a falilv pottiu
lnflueme
I It Is iioi t be- iKiioreei beiwevvi that
Pa-iK'iic; u.uit'Ms AH anions t lit le il
e nthusi.i'-tli evet the cucihI business
and financial situation Moniy has be
come f ilrli- plentiful but there are mans
uses foi it othei than for stocU inaiket
purioscs The ciuestion is whether the
maiket lias hid a tiuee or false- st trt
It u too e erl to cjlve a cb Unite answei,
but all concede- as it is now ev.rv thing
depends on an "triMiiK news develop
ment which may come alone
The one- possible- deve-lopmcnt vvble h
'can be cle ulv visualized at the mo
nunt is, of course, the bipnint? of an
cnily peace, and that would be a dis
tinctly bullish factor because It carries
so manv possibilities in its train, not
tho least ot which lfeic would be the
return eif tho Preside nt, the suinmonini;
of Congress and the finishing up ot
I legislation, especially railroad legisla-
i lion.
! However, there was little positive
ehaiacter to pi Ice- movements today
Some of the- steels were well bought and
i there was a good advance made- by tho
I shipping and kindred stocks It was Submarine
j Heard tnat tlio urttlsn-.viarlne- ileal ,st Joseph Lead
wouin ne recjpeneci snoiuj unci aiso mac
I there was some hope of the compan de
claring an extra dividend out of funds
already available for the purpose
As usual there was no little stic-ngth
among the specialties The sugar oil and
chemical groups made n good showing
on the whole. There were one or two
strong spots among the rails, particularly
Beading and Texas and Pacific, but there
was no great Initiative manifest in that
department
Prices dropped away from the top-ln
the last hour and In some cases like
Mexican Petroleum, United States In
dustrial Alcohol and othej-s, there wero
rather heavy net dccllril-EKSelllng pres
sure was not exerted Very vigorouslj,
however. Liberty Bonds were steady to
firm
Much of the hesitation apparent to
day was attributable to the conference
ot the steel manufactuiers in Washing
ton with the newly created lndusttial
committee to discuss price revision
Whatever pi Ice changes maj result, savs
the Iron Age. the weeks market has
further emphasized the downward
tendency.
That Journal refers to reports of sales
of basic Iron at $23 at furnace, a reduc
tion of $5 a ton In semifinished steel
there was a sale tepresentlng a con
cession of $6 a ton from prices pre
vailing In the eaily das of the jear
Ferro-manganesei has gone the same
way, tho supply far exceeding the demand.
The week's delay In the conference
has not lessened the problem for the
manufacturers' committee There is a
feeling among the leading producers of
steel that price cuts at this time will
not produce the desired buying revival
Tho Iron Age remarks significantly that
the fact that "tho government has no
bujing program and thus cannot give
practical sanction to steel prices that
may be fixed is a serious drawback "
The market In French exchange
steadied, franc checks being quoted at
5,69 francs to the dollar, as compared
with the recent low of CiOVi francs.
Thero was an easier trend among the
neutral rates.
There was little change in the money
situation. The trading rate for nearby
dateB in time funds remained at B'j per
cent. Call loanB ranged from 4 'a to 5
per cent, the former the renewal rate.
Cotton was quiet and heavy Corn
and oats were also subjected to some
pressure. ,
Chandlei Motor . ,
Chesi & Ohio. . ..
Chi 3t West pf.
Chi Mil i. St I .
Chi M & St P pf.
Chi U I X. Pas...
Chllo Copper ....
Chlno Copper . ..
Colorado K & Ir.
'olorndo South
Columbia G & 13 .
Consolidated fins
Con Inter Cal M. .
Continental Can. .
Com Prod Hef . . .
Crucible Stel ...
Cuba Cane Sugar
1R3
70s i
107)a
,!2'i
12G
oS'j
2f.s4
;:Wi
71
M'i
18'i
334
43! a
24
4,Vi
05",
78
fi'J'S
New V uric, March
Interest in ti ailing oi
Curl) toil iv was attached to transactions
In Commonwealth, which moved up to
the new blub record of r.l ',. following
the .minium emciil that dt tiling had com
menced mi the prnpertv purchased last
In the center of the Hunger oil
pool othet stocks were- Influenced bv
this Hailing, sales of many issues being
made lo buv Commonwealth
slnclilr llulf after --ellidg at IS'-'.,
dropped to 17'., and General Asphalt
ranged from fi7 to fib Coeln & Co
sold it T and 7-1, CIrn ilock was
strong selling at 4 't and 4'.
Wai stocks were henvv with Sub
marine Boat selling at 14 to l.M.
Wright Martin sold at 4 at.. I 37. ,,t 'Cuba Cane bug pf,
Aetna I3iIosives at 9 . I Del Lack &. West. 172JJ
There was vigorous buving of Kev- "'"'tillers' secur. . 04
stone Tut- partlv based on M,. , , J Iie 17:
lion to list the stock on the exchange I i:rl lKt Pf
on which it rose from 81 1 , t.. nr,c 1-rl -" lir
Chalmers sold at 'It. and "i and Peer
ess at -23 to 2.ii4 National Aniline sold
.it 88 and 27 Philip Morris langed from
10r, to KM,
'Banking Interests, undeistood to be
buving for the management of the rum.
panv, were aetlve In Oolelen date, taking
that h-ocU In huge v ultimo and putting
the price up to the new high reconl
of I
fiG.'
2V,
73',-
70'
102.' i
71 j;
3 J' 2
12."))j
5b4
'lis'.-
71'j
2i
18'4
43U
40
Do.8.
79! s
5'
07.
24! (
'.a;.'
O'j
20! i
.VIs
2(t'
70' t,
(.'!
Mi
Widest Movements Recorded
in Old-Style Contracts.
Spot Houses Buyers
i.sni'sruiAi.s
ni.t
a1
.
4'a
4 'i
50 JS
"5
3i
200
81
11
.!
90
a 'a
17
34
2 ti
15
A
9sa
5
4
"i
fin
3r
l i
r
15
4
25
-'
ST
2 -i
to
.10
lea cl
U (s
S3i
'46
' L'rie
I Federal M & S
1 Klshcr Body . .
Gaston W . W..
General Cigar .
C5ener.il Motors . .
Gen Motors deb . ,
Gen Motors pf . . .
Goodrich (BF)Co
Great Northern pr
Gl N" cfs fcr o p
Gulf States Steel.
Haskell & Barker.
Instiiration Con . .
! I Ir. trt Tl,n.,.i,n,t. i"-n?l
Interb Con pf.. . .
Internat Agrlc . .
Intermit Agrlc pf
Inter llarv new .
Inter M. r Mar ..
2S'i
20
10
flSJn
32',
101'j
HO
(10 .
Mi1;
(ii
12H
flllj, .
13 .
46'
oH
10! .i
15!
hi
125
20'
b.r
17'i
20! i
M
32
52!J
102! i
'JV
"(,!'
01
43'
40' 4
l'JU
10
I (.'
102
70' i
32! c
12.V4
OS'4
37',
7(li
2r.
lb1
"l2'j
'io'a
05
""S's'
a J1.
21' j
73
ft3's
17
20
102'4
7I.'4
32' 2
12j.'4
'ib
3S!a
71'a
2,'
lbii
" 13'4
t.V,
ov
7'l'4
3'i
(.li'j
24 'a
73',
n.i
17
20'.
COTPOV IlHl.T VMIAIHEll COMJlrlOS'S
New Inrk. Nrnrch 111 The followlnB
tetniiertetureM were rerorded In the cotton
bely this niiiniltiB Kniixvllle. 3S. Xifh
Jllle, 40' Vliccc.n Chaltnnooa nti.l Vt-Iccnt.-l
JJ, nklahtinia Cltv, l-ort fmltll
vtTt'Ilnn end VV llmlnnton. 44 hhrevc
TKirt " m Anttinln viemphls Vlcksburic
and .Vlontcnmerj 111 Abilene Little
Hock, Auicuflla Charleaton nni nHn
nnh 4S. Thomasvllln "0 Penneoln unci
.JieckTOnvllle, VJ New Orleans ."4, Tampi,
nil, Halveston 1 an.t ('01 pus Chrlstl
114 ...Thpre "as JS Inch of pri-c Ipltation
at VMImlnRtcn
New lurk. Match 11 Uld-stvh
cotton contracts were Irtegular 11s usual
at the opening prices being -85
points higher to Jo points lower, while
tu-w-stIe contracts stinted 5 points
higher to 17 points lower.
inieresimg leatuies on the call weie
d sell-
rpool and foi-
elgn selling of the new stvlcs conti.icts
After the opening Wall street sold
rathei frcelv, causing new i-ontracts to
sell off 2ri to Tl points under ester
dav's cloe bv the end of the fhst
twentj inlnules
The weather w,ts cleai all ovei the
belt and favorable foi farm woik
j A moderate rallv toward 11 e. c lock
I was followed b renewed weakness
j with active new stvle months selling
1 some 2r to 45 points net lower in the
morning
A New Orleans expert vv ired that Indi
cations pointed to another rainstorm
In the belt, but this failed to check the
selling movement
Members of the exchange have pi U-
"d a holiday on March 25, the iv
of the parade, although It will be the
est dav of trading In March contract?
nil the last March notice day,
Philadelphia Stocks
It lull Low-
.104 Aln Sirs 28 2fi
62 II &. S t c 67 Vi 67 U
21 Cam Iron 40 40
1453 I31cc Stor 66 64
130 a Asp pr 100 mo
312 Ins CN A 28 28
795 Lk Sup C 20 '(, 19 "4
109 Leh Nav 6'IN 69'4
96 Lob Vnl. 55 i 55 Vj
502 PennaHIt 41- 4 48
iu I'lilln in
cum pf 35 'i 35 Vj
150PhllaI31ec 25's 25"a
260 P It T t c 25 U 24 '(,
14 Ph Tract 6"' 6"
60 Ton Bel 3'4 3'i
40 Ton Mill 3,' 3
219 I'll Tract 39 38ri
25 V G I. 72'4 12i
310 C H Steel 94 94 'j
399 W Cramp 89 88
KINDS
Itluh Low
$500 Am Gas&
131ec 5s 86 86
4000 131 & Pco
Tr 4s "OH "n4
6300 Lib Bonds
4th4Hs93 90 93.50
1750 do 3d .
X 4 'As.. 95 04 94.70
3 SO dot 2d
4,s.. 93 40 93.40
730 do Jd 4s 93 40 93.40
200 do 1st
4s . 91.80 93 80
100 do 1st
4As.. 93 80 93.80
550 do 3'i.s 98 50 98 50
COO Phlla I31ee?
1st 5s.. 93T4 33
8000 Un Uvvy
lnv 5s.. 09 6D
riose
26
67 U
40
6t
100
28
20
e'l'
r.5'2
448
35Vg
25
25
67 '4
3 'A
3
38"
72 'A
95
88
ClOFC
86
70H
Nt
chue
11a
4
?.
y
'4
1
H
T.
Net
thge
I- H
93 50 32
94 70 10
93 10 .40
93 10 . .
93.80 .
93 80 .20
98 50 . .
93 ..
69 i n4
New York Bonds
STORAGE BATTERY'S REPORT j
SHOWS UNUSUALLY GOOD YEAR J
Substantial Gains .Recorded in Gross Sales and Net In-'
conic Stock Yields, Notwithstanding Large Fig
ures Other Issues Are Irregular
Interest of the flocul financial district today was larcely centcted 111
..,,. m mi iu 01 me r.icciiic aiornxa iinitcry comiianv nncl tin I'll ladel. jcm
phla Hapld Transit Company, both of which wcrp made public nt stock' gr
bnlclnrn" iitn.iinl mantlH- 4...... ,l. . .11.. -i .. rt. . . . . . '
........... ".iiiSi. ""iui'k cue- iiiiciiug t-iemciii 1110 otorago unttery; '
figures wero given most attention, owing to tho recent activity and strngth
(if thn c-OTTllinnc'a ulmiao ,..,,1 n.. 1. ..1 l.. ...tnt. . s . i .
-"- " ""t-, tiuu, .is mite wff.i itiitic-ipuccu, rcccirci currunK wero
reported Tho Hapld Tinnslt report was nlsn n ircind otic nnnul.loi-tnn- ctmr mn. Ifl
ditlons of the last ear, although tho net inc-omo from Vperntfons wns below
that of 1917. A summitry of tho latter report appears iu another column.
Although the Klectrlc .Storage Battery Companvs gross from sales .was
$4,825,757, against $3,140,r.60 the previous year, and tho net income wns
$3,949,373, equal to 24.3 per cent op tho common ftock, at compared with
a, net Income of $2,447,882 In 1917. equal to 15.2 per cent, nnd thero wan
a substantial Increase In Mirplus, sales of stock wero made today nt much '
lower pi Ices than recently prevailed. Hy mldafternoon a decline of 1 v
point wan reglstcted, but only n limited turnover occurred. N
Changes for most other Issues were small nncl sales uei-n Inre-nlc In
-odd lope. Transit certificates developed no activity of Importance, but jielded'
74, ...iciic-uii nioces lost i point, while William Cramp advanced .
.TO, spot house buving of old st le anc
20"i i big of the new stvle, Liverpool in.
iV;
31'
52'
101'
00
iiil'i
03',
42s4
ni
101'j
00
1,7' 2
01
41',
OLD hTYI.U
lo.lav s
oppn
Mnre h ... 211 to
April ... .'I .".11
Vlav 21 7".
luh -JJ 4ll
AuhiiHt .... 21 111
cxiohtr 2ll HO
N13VV hi Yl.n
Vim ... . 24 111
lulv JJ HI
lltlnl.i l . . . Jl JO
licit inher Jillll
limit cr JO SJ
l-'tliiuart 20 S".
11 (ill
ii in
2(1 .III
21 .1(1
-.' 75
jT iiii
JO SO
24 IS
JJ (IJ
Jl 11
2(1 Ml
JO SJ
JO S'.
, I 00
p in
2d .10
24 -.11
HI ',
21 1(1
211 lid
2 I ir.
JJ ti
Jll 'I".
211 III
-ii s
.11 S
12;
40' 1
iVj
IS'j
li.'a
(. ','t
3
IC'j
18'ti,
10
(ill
K.V
Inter Mer Mat pf 11CJS
Internat N'lc-kel 2.5J
Internat Paper.. 4'l'4
Inter Pap pf stpd 73
Jewel Tea 40
Kunsis City So . 30Jj
Kelly Sprlngfd T lUJa H4
2b'c
I14H
'.'.'.':.
40',
43' i
101.
111.'. 113
-i"
10
'"'.
1 !'
12
102
A$ H ts rPrtl that there, Is a good
.i'i teal of rather undesirable coffee in
USwf.ra3tl and that pressure may develop
ay's
nlno
Irota this source.
.fJOar , ..
V MKinnber
ociauer ,,
.f44. (ft
V.jM !,.
'
. r-eAXmpar ........ .......
V introq
close
1.1.10
14.A8
14.2(1
14.11
13 ST
I3.il.-
opening
in. 00
14.44
14,20
i.i!s3
13 82
Todd Shipbuilding
iriangie film 14
United Profit Sharing 1 (J
U S Steamship 25i
t'nlted Motors . 4 4 4
World's Film . 1;
Wright-Martin Air .1
STAM1AKI) OIL
It's
13
10 ri
It
Kelsey Wheel ... 301
Kennee-ott Cop... (I
Lack Steel GO
Lee Kubber & T. 25
Lehigh Valley. .. ooii
Locse-Wlles Bis.. 48
Ma-cw-ell Motors.. 40
Maxwell M 1st pf. C8
I Maxwell M 2d pf. 32,
! Ma. Hejit Stores. 70),
iMav Dept Stis pf . 10S
I Mexican Petrol. . 1S5'
30',
30
r.o
b7.'i
32'4
11
10'i
lOS'i
.10' j
20!,
8i
25
55
3S'i
if.' j
31',
Cotton Bujers and Sellers
New 'ork. March 19 Old-style
May Itussc-U and McT3nany bid;
Nevv man and Schley offered.
July Mitchell. Hopkins Dwlght. Me-
Knunv nnd Watklns bid : Young offered
I (le-tober It Hubbard, Rosenberg and
Stelnbacher bid , W Gumocns offered.
N'ew Slyl" Mav Newman.- Mitchell
nnd Brooks bid; Kleffer, Bartlett. Stcln
hacher ancl Bosenherg offered
Julv Yourg, I31nsteln, Mitchell, Glf
fnrd Wilson, Ilagedorn and Kimball bid;
Geer, K'oulan, Mcl3nany 'and. Stein-
1 hnrher off red
41 October Wilson, Mitchell, Ranger,
pp.; Wachsman, Geran, Hvman, Slgel and
1- iKitati "iu i 1 jnciiuu, i-.e-ciiiiaii, juy .11111
Mcl3nanv offeied
December Held, V Hnrtconi, Ranger
and McI3nanv bid, Pnchon offered.
January K. Hartcorn, Rosenb-rg and
K'teinbauher bid ; W. Gumoens offered
-a'4
Kit,
111!
30V
30
Ii!)
Oa'4
".S'4'
1 5' 2
31',
14
3
3
i:
Illinois ..
Ohio
Prairie Pipe
S O Cal . ..
S O X J . . . .
S O X,T
IM)I3PEND13NT
Barnett Oil & Gas...
Cosden & Co?
131k Basin ... .
Federal Oil
Inter Petrol . , .
Houston Oil ..
Merrltt Oil .
Midwest Refining
Met Petrol
Ohio Fuel
Sapulpa Ref . .
Secjuoah . . . .j.. . . ,
Slnclali
Island
Glenrock,
172
345
,2f.r
264
680
.348
173
350
.'70
268
685
352
Oil, STOC1
A
- 7'
.' ,!,
23i 2 'B
21 21'-
71 81 "
24 25 '
154 156
ITa' 3j.
16 18
31
679
351
-
21
80
.110
. 75) a
. 20! i
. 44't'
. 30
17
ISO',
22',
LW
(1)3
13
-M'i
52' 4
71',
32),
125
' 15s4
51
G?
11s
15i
l'l
75','
20't
io's
MINIM.
. 37'j
. 74
4'i
STOCKS
4'i
Financial Briefs
D, 3t. Woodruff and Goudy Mayficld
hav been electe'd to inembcrshlp In the
Chicago Board of Trade
The New York Sublreasury lost $349,i
000 to the bank yesterday, making a
cash net loss since Friday ot 1683,090.
Director General of Railroads Hlnes,
who has been In New York the, Jast
week, Jias retvrned to Washington.
Atlanta , .
Big Ledcre.
Butte N'ew Yoik .
Con Ariz . . 1
C F S & Jerome ... J
First National 1 'a
iioldneld Merger
Goldfleld Cons ..
Goldfleld Flcience
Goldfleld Kevvnnas
Green Monster .
Hecla Mining . . .
Howe Sound..
Independence Lead
Jerome Verde
Jim Butler . .
Jumbo Extension
McKlnley Darragh
Magma Copper
Mother Lode
Mines Co of Amerh a tl-32
Nevada Hills . .1... 3
Xevada Wonder . . 70
N'lplsslng 9
OI1I6 Copper.. ..i... ",
Ray Hercules 2
Sap Toy 7
Stew art
Tonopab Extension , 2
Wert I3nd Cons 1
White Caps 13
Ycrington 4
18 20
25 3r.
4 6
A
4 5
.(' '
I - 3
;
35 37
12 14
45 4T
27 29
J7 39
38
7'i
438
5 '4
14
ic,
V1
Miami Copper . . . 22)i
Mldvnlo Steel .... 45
Mo Kan A. Texas. 0?i
Mo Kan S. Tex pf ,'
Mo Pacific 21!i
Mo Pacific pt 52
Montana Power.. 745i
Nat Acme. 32
Not Biscuit 122
, Nat Clk & S pf . . 1034
Nat Cond & Cable. 15'i
1 Nat I3nam &. Stp. 503i
.Nat Lead 00)5
Nat R of M 2d pf. ,1'i
Nevada Con Cop. 15j;
N Y Air Brake .
N Y Central . . .
A 1 N Y Dock
7 f N Y Dock pf . . .
6 IS Y N II Ac H..
Norfolk Southern
I Norfolk & West. .105'. 100
Northern Pacific. 93'4 01
155 Ohio Cities Gas.. 40!i
3 Ohio Cities G rts. 35j
Ohio Fuel Supply. 4G'4
7'j 'Ontario Mining... H
I Oklahoma P & R. 0J,
., Owens Bot Mach. 40
1 , Pacific Mall , 33
" pan-Am Pet & Tr 81
Pan-Am P & T pf.143
6 Penna R It -MJj
'4 ' Penn Seab Steel.. 33
1 People's Gas Chic. 50
I Pere Marquette... 14! i
1 Philadelphia Co.. 3
'g'1 Pierce-Arrovv ....
. Pierce QU
. Pittsburgh Coal...
-. Pitts & West Va..
, Pressed Steel Car,
' Pullman Co
2J',
182'
) i
1
(1
12
24
lc.l.
2j4
hi",
b.'
12
24 '4
I
I Liverpool Cotton
Liverpool, March 19 Spot cotton was
ciulet todav with prices easier on tho
basis of n decline of 28 points for mid
dling, old contract, 11 1 15 lOd The sales
were 3000 bales Receipts wero 3000
bales, including 200 bales American.
Futures were quiet in the e-arly deal
ings Spot pi Ices weie: Ameiican mid
idling, fair. 17.61d: good middling,
,16 18; middling, 1540d; low middling,
14 35d ; good ordinary, 12 8Jd, and ordi
nary 12.30d.
02 .2.'4
74', 74',
32', 32),
122Ji 125?,
'l. 'l54
r,I ii1
07 77
11 11
15S4 154
110 111
..'J'4
204
10:4
20i
41',
HJi
40
03.
!li
10
31
SIM
44! 1
37
51
30 .tO!,
101'j 105',
027,
lO1,
34
4(1
l1.'4
O'i
4!l
33J4
tO'4
GOVERNMENT BONDS
Hid
Pamnia coupon 2. 191H 07
Panama reBlater-d 2a 10.10.. H74
Panama coupon .Ga 103 -4 II"
Panama renlBtered 2s 1938 (17
Psnamit coupon .Is 1001 , S7
PalMmi reltlstered Is 1001 S7
Philippine 4s. 1134 0(1
Philippine 4a, 1911 . 90
Philippine 4s. 11110. . . till
U S Oov coupon 2s 1030 . (17 "4
IT h Guv r'Blstered 2s 1010.. OS',
U S Gov coupon 3s 19 id . s
V S Oov reKlstered 3s 1846. 89
lT K Gov coupon 4s. 19J1 .. 101
V a Oov reclstereci Js in"-. 1(11
lilst ot Columbia 3 (lis, pi4 117
Ask
98 '4
lis
112
iu
no
no
or,
9SV4
98 i
12
02
101
inisj
100
03
104
3J,
40
0',
f5i
10
Reserve
6ank
s' Discount Rates
It
35' j
50
Official discount rates at tin twelve
Federal Reserve Banks were as follows:
(The first column gives the rates for
all peilods up to nnd including a fifteen
day maturity, the second for a peilod
-4 -I... . ..Inf.... r1n.. H.1.A 11.I..1'
lit 1 Ot Hl-tiecu it. ...urtj u.tj n, 411c tiiiiu
", 1 and fourth columns are the rates for re--u-
discounts of collateral loans secured by
1 gov eminent bonds or notes.)
t4l4 Com paper Gov. paper
llVi 1(1 to 110 10 to 90
M) 1 15elas days 15 days daja
High
1000 Alaska Gold cv
6s Ser A. . 26 'i
2000 do Ser B . . 26 'A
10000 Am Agr db 5s 107
2000 Am Cot Oil 5s 88
137000 Anglo-Fr Jis 97'4
2000 Am For SeTc 5s 99 &
1(100 Am Sm Sec 5s 91 V4
2000 Am Tl c-v 4Cc,s 89
7000 Am T A. T 6h I0 1--V,
10000 Am W Pnp 5s 98
5000 Arg Rep 5s . . 85
2000 Atchison 4s . 82 1,4
1000 B A. O cv 4 "s 77
1000 Ilkn Up Tr 7s. 81
1 0000 ISorelenux 6s . . 1 till U
15000 Can Gov 5s -.11 97'
70(10 Cent Mil 5s . 91. "v
4000 Chile 6s ... 81
5000 Chile Cop "s 108
1000 dies A. O 4 IfcH 7'i's
10000 do cv 5s . . 85
1000 Chi lit 'l 4s 61
14000 Chi & Nwn 5s
1987 .. ..98
1000 Chi 11 A 4h 95 ',,
5000 C M & St P 4s
1925 . . 81
3(100 Chi Mil A St P
cllv 4h . .. 71 '2
5000 do lfd 4 Vis.. 70 4
100(1 do cv 4V2b . 78
2000 Col A. South 4s 87 'i
5000 City Paris 6s 99 a,
2000 Del & H Canal
Co 4 Vis "6
1000 Detroit Gas 5s 90'
JO0O Dlst Sec Cp Gs 90
1000 Du Pont Pow
4'jS ... 81
4900O Feb Rep 5'c.H.105'i
1000 111 Steel 4V4S. 83V4
3000'lndlana Stl 5s 98
3000 low.i Cent 4s. 4.!
1000 do 5s 98
11000 Int Met 4 'is. 36'.
5000 Int R T ret 5s 70
6J000 Int M Mar 6s 99 Vi
21000 Int Agr Gs .. i
1000 Kan Cy So Gs 8.1
5000 Lack St 5s '50 90
2000 Lk Sh d 4s Ml 86 'i
1 000 Leh V ret" 6s 101
1000 Llg & M T 7s 112
269000LII1 Bond 3'is 99 00
117000 do cv 4s . . 93 71
50000 do 1st 4S. .. 94 26
14(15000 do I 'is 95 1(1
64000 do 1st 4 'is. 91 40
.132000 do 2d 4 'is . 9.1 76
1288000 do 1th 4 Vis. !r3.90
10000 Lvons 6s ... .100
G000 Marseille 6s .100
2000 Mldvale 5s ., 88
1000 Mo Pac 6s. . . . 99 Vi
8000 do gen 4s . hi
8000 X Y C A- II Cs 98'i
3000 X V Uwv Gs. 12Vi
2000 X Y W C k B
4 'is L'i
8000 X01 Pac- is... 59 a.
10000 Pac Gas 5s. . 8('A
J000 Pmna g c-t IVsS 86 'i
6000 do 5s '!8 ... 95
3000 Pub Ser N J 5s 77 Vi
5000 Pierce Oil '20.103'i
1000 do '24 . .-. 95
7000 Sinclair Oil 7s 97 Vi
25000 St L Swn Gs 96
6000 Seab A L aj 5s 48 Vi
1000 do rfd 4s .. 58
6000 Sou Pac cv 4s 83 Vi
20000 do cv 5s .. .103Vi
32000 do rfd 4s . . 81
1000 South llv Is 67
10001' S S A It 6s. 99 's
5000 lT S Mexico 5s 78 ?4
1000 r S Realtv Gs 70
6000 II S Rub Gs . . 87
19000 P S Stl s t 3s10(i.j
4000 Union Pac Is. 86'4
3000 Pn llvs S F 4s 32
39000 V K of O B A.
t I 5'is 1919.. 99
2000 do 5V:B 1921 98 1 J
6000 do 5'is 1937 100 'i
UOOOVa-Cai Ch (jS.lOl-ij
1000 West L'lec 5s.. 97
Low 2 50
20'
26V4
107
88
97j
9 9
9112
89
191
98
85
82'4
77
81
100'i
97'i
95
84
108
79'i
85
61
98
958
26 '4
26 V4
107 Vs
88
97
99
91
89
101)4
98
85
82 Vi
77
81
1011 Vi
97".
96'i
81
108
79
85
61
98
95
81
71
704
78.
87
99
9C
96 'i
90
81
105'4
83
98
43
98
.16
70
99 Vi
8fi
81
90
86
101
112
99 00
9174
94 JJ
95 10
j-t 1." 1
91.74 I
93 84
100
100
86
99
60
98
12
41
59 ,'s
8 6 14
86
95
T
The Public Service Coipoiation of Xew Jersey has declared u quarterly
dividend of 1 per cent on the common t.tock, payable March 31 to stock of
record Jlarch 28. The last two quarterly disbursements were rff 1 per cent
each, while two previous quarterly puvmenti were of 2 per cent, making a
total of 6 per cent paid during 1918.
A monthly dividend of tuo.tlilrris nf 1 nn.. ., ,.,.,., .ii..i .. .
new 8 per cent cumulative pieferred stock, payable Jlarch 31 to stock atj?
record Mnuh 20. This Is at the rate of 8 per cent annually, but It J
was announced tnat hereafter pavments on tho preferred would be made '
quarterly. ,
1
r" ' j
it 1
81
71
7(r
78
87
'J9
96
96".
90
81
105 ft
81
98
43
98
36
70
98
81
83
90
8li'4
101
112
98 90
9.1 (18
94 20
95 (I J
94 24
93 70
"J 78
100
100
86
99
60
98
12
15
S9
86
86
94
77
103 101 Vi
95 93
UNITED STATES
GOVERNMENT
I
LIBERTY LOAN BONDS
Appro. Yield If
Bale . Callabl. One cCiV.1"1, ?r 4f
Selllne at Par
on Callable Data
312 1932 1947 3.60
4 1932 1947 4.58
4 . 1927 1942 4.85
,414 J 932 1947 4.80
4l4 1927 1942 5.06
4l4 1933 1938 4.82
414 ' 1928
SS0, $100, $500 AND '$1000 DENOMINATI
Appro.
Yield t
Maturity
3.55
4.35
4,42
4.58'
4.67'
4.71 T
4.87'
FULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BOND
ISSUES WILL BE FURNISHED UPON REQUEST
MONTGOMERY & CO.
133 SOUTH 4TH STREET
PHILADELPHIA
14 WALL. STREET
NEW YORK
COVEKNMKNT SECCK1TIKS nKPARTVENT
TELEPHONES! IIELL. LuHtUAKD 4320) KEYSTONE. MAIN 2S8
97
96
48 U
58
83
101
80
(.7
99
78
70
87
100
86
32
9"
98 H
100
101 "jj
97
97
96
4 8 V4
58
83
103
80
67
99'..
784
70
87
100
R(.
99
98 U
intiVi
101
7 7 !
' a
MONEY-LENDING RATES
m;V a ork Money today on call,
mixed collateral, was lent and renewed
nt 4 per cent, ancl on Industrials the
rate was 5 per cent.'
Time monev was unchanged todav,
mixed collateral loans being quoted. at
5".(?!G34 per cent and nil Industrial
monev G per cent for periods ranging
fiom sixty to ninety days and thirty to
forty day money was quoted at 5 per
cent.
Acceptance bills unchanged at 4 and
4 3-10 per cent for member banks and
4 and 4 5-16 per cent for nonmember
banks. .
PHILADELPHIA Call Bii ner cent:
time 53i 6 per cent. Commercial pa- ,
per, three to six months, 5 & !L per l
cent ; six months, 6 per cent.
I.OMION Money, 3 percent Dis
count rates- Short and three-month bills, I
3 17-32 per cent.
Conservative Securities
Listed on Stock Exchanges
For the benefit of those who invest in
Securities that are dealt in on the Stock
Exchanges, we have printed a circular list
ing a selection of conservative Bonds and
Preferred and Common Stocks. The circular
also displays Corporation Notes of recent
issue. Copies will be furnished on application.
Edward B.Smith &Co
Established 1892.
BANKERS
Members Neiu York and Philadelphia, Stock Exchanges
1411 Chestnut Street Philadelphia '
JO Pine Street New York
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiLiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiium
rOUEIGN EXCHANGE
CG
45
1(1
10
37
i nvvy Steel Spring. cj
41
18?.'
48
37,'
71
119,' 122 120
3."jli
45
lh
IS
Mi'.
.-fi
13
J8'f
IS
37
35
37
6
80
9
2
1
15
6
IIO.NDN
Beth "s (notes) . ..101
Cosden Oil 6s . ... 90
Cosden & Cb 6s . . 90
Cudahy 7s 101 4
Russian Govt Gs... 56
Russian tiovt us . 63
Southern Railway 6s. 99
Sinclair Oil 6s 89
Todd Hhlpbldg 6s. ..104
101
93
93
102
58
65
99 U
92
110
15
1
13
64
New York Pork Market Strong
New York, March 19. Pork strong;
mess J52. Lard strong, middle west,
J28.6028."i7. Other articles unchanged.
BAR SILVER
Bar sliver prices today remained un
changed at 1.01 in fv'evv vork and
iT.A, fiiaca In Ixmdon.
78'
10.
bo
fe2lc
19' i
84
81
122
78
19) i
8.1
82
92'
88
nav Consol Cop.. 19
Reading - f.
rten Iron . Steel. 81.
Rep lr & Stl pf..J02 ..
Royal Dutch t r.. Oili 0.i 02
Kojal Dutch new. 88 88 8
5011 Motor .... 9 tl.'c
Seab Alt Line... J 8 S
Sears Roeb & Co. 179 lib 1.7 1
shattuck-Arlzona. 10
Sinclair OH Ref.. 44 44. 42
cin.Kheff S I. E4 53 6
Southern Pacific. . 102 102!j 101' 101
Southern Railway. 28;
Southern Rwy pt. 68)4
Studebaker Co... 03; i
suit Motor 52H
Tenn COD & Ch.,. 12.
t.... Co 214)
Texas & Paclna.. 33JJ
Tobacco Products. 87'i
Tobacco Prou pi. iyi ...
.r.oni.n j&Wms.. 3931 39
Union Pacific 129 12071 129).' 129.'
Union Pacific pf , . 73)f .u .
Unit Alloy Steel.. 42JJ 42V 42' 42
United Cigar Str.138Ji 136;i,l,l4 134)4
United Drug .....102H
United Fruit ,.,.17Sli 17iii J7.i 174!i
tr,-,ieo,l ffvn Tnv. . 12
Unit Rys lnv pf . i 24JJ 24)
L-saii'tr,, 20)4 20?j
USCIF4FW. 55
U S Ind Alcohol.. 144
Boston . . .
New York
Philadelphia
c levelnnd . ,
Illchcnoncl .
Atlanta ,
chlctieu .,
Mlnneapolifl
St IxiuIh
KansaH Clt5
han franclsco
Pallas
. .. 4 44 4
.... 4 4". 4
. . .. 4', 4", 4
.. l'i 4 4i
. ." 4', 44 4
. ... 4 4. 4
. . 4 44 15 4
. .4 4, 4
S ... 4V, r. 4
ico .. 4'4 B 4
... . 4I4 l',5l
x.v in.! Afurr-Vi 19. Fuiiffl were
firmer todav, being cpioted earlv at ! U
A. K 7 fr. l.n..l u ...wi K 711 fnv f-nhlfl IlO- 7 '
... I l .... tut. i.n ,ni . ." -w. ..... -
4 mand sterling was 4.75 11-16 and cables
44 a 7ft 7.1ft v.. ,mn1.i tlonn for ruble
5,7 j notes were available at the opening al- S
Jit though the nominal rate was given as
4vtHVi.
4 '4
4'4
4'i
20
C8Ji
B3
54
13J
215
351
SO
'28
08.'
U2'4'
52
' 12
213
o4
80
"V,
I.ibrarv Bureau Increases Dividend
llcmton, March 19 The Library Bu
leau has declared the regular quarterly
dividend of 2 tier cent, on the nreferee!
11 stock, pavable Apt II 1 to stock of record
u 1 ,liarcil -c, ctliu hud iiitirucitu HU Ulv 1-
7 lend rate on the common stock from a
! i ner cent, to 6 per cent, basis bv- de-
:; iclarlng 1 per cent, quarterly dividend
tv P-cyable April 1 to stock of record
- March 20.
i '
go, j - Fair Demand for Sugar
0' I New York, March 19. Refined sugar
fi! continued unchanged at 9c, less 2 per
lot cent for cash. Demand was fair Ituvvs
ojjjt ale unchanged at 7.!i8c delivered.
34 '. I
21
20 i
87
ID),
24'
20) i
U S Rubber
U S Sm R & M,
U S Steel.,..,
84' i
40
Another R. R. Conlratt Approved
WaaliiiiKtoii, Marclf 19. Director Clen
eial 1 1 lues has approved the Louisville
and .Nashville federal contract for Ifl',-310,494
RAILROAD EARNINGS
cIANADIAN PACHJIC
' IBID .
Second week March .2.-00
From January 1 . . 28,01)3.000
Increase
tl4U,iHio
3,(191,1100
U4't UiU 142
MJ 83!,' 84
40 49 40
00 ' 93J , y5Jf
CHICAGO DUTTER AND ECGS
tlilcauo. March In. UUTTKn btebehl
recelpta. 4B tubs, Crvamery, B.iB3c.
EOCJS ItecelntB. 14.1141 ce: ""wer:
flr.t.. 38 W3814 q: ordinary "'"j-lIH &
Mc. at mark, ca included (SSWSSHc.
Oiintatlnns vteie.
Demand sterling 4.7i 11-16, cables
1.76 7-16: sixty-day bills nominally
4.73; ninety-day bills 4,71.
Francs checks 5.71, cables C 70.
Lire checks 6 37. cables 0 JG.
Swiss checks 4,96, cables 4.91.
Guilder checks, 40, cables 40,
Pesetas checks 20.3B, cables 20 45
Stockholm checks 27.60, cables 27.80,
Chrlstlanla checks 26.40, cables 26.60.
Copenhagen cables 25.80, checks 25.60.
,UANK CLEARINGS
, Hank cleirlnc" today, compared wllh cor-
'"" " ItllO 5(118 ' 1017
Phlla ...J04lll(ll.84R IMI.IMI2.II91 7L'.24,8-il
lloiton 5Ti740.U2T 31.34(I,S2T 38,8411, (IU
N Vork 723 7ri0,100 BJ4,4U1,873 590,884,503
Rank's Losses More Than Expeclcjd
ritiaburgli, JInrch 19, The losses
sustained by tho Park Bank thiough the
alleged manipulations of Cashier J. S.
'Svvartz are so much greater than the
$390,000 estimated and the assets are
so much belovy J160.000 as to-make Its
reopening Impractical, the depositors'
committee was told by Peter Q. Cam
eron, temporary receiver and State
Bank Examiner, and State Banking
Commissioner John S. Fisher determined
to appoint a permanent receiver to liqui
date the affairs of the institution,
ii ' '"'
.Would Double United Cigar Capital
New York, March 19. Directors of
the United Cigar Stores Company today
voted to call a. special meeting of the
stockholders April 11 to authorize an In
crease of ccriimon shares capitalization
from 3lJ,Uyu.yvv lo lej,efuv,vyv.
NATIONAL ANILINE AND CHEMICAL CO.
Preferred and Common i
. )
(CO! TROLLED BY GENERAL CHEMICAL CO.; THE
IJARRET CO., AND THE SEMET-SOLVAY CO.)
ORDERS EXECUTED ON THE NEW YORK CURB
West &
BANKERS
1417 CHESTNUT STREET
tlamlir 5 New York Stock UxclmnEe
Mcuiuera J i-uiiadelplila block KiclianM
M.
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ERNST & ERNST
? vTAX SERVICE
AUDITS AND SYSTEMS
PHILADELPHIA
2023-2024 LAND TITLE BUILDING, Telophone-Loeutt 2BSl
NEW VORK
PITTSBURGH
TOLtDO
HOUSTON
BOSTON
ST. LOUI8
CINCINNATI
DALLAS
CHICAGO
CLEVELAND
DETROIT
MINNEAPOLIS
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