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3MJfc4M:ML NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATl6tiS
Philadelphia Stoclts j
J TJAWlAji
. rropgial
rROI'ONAI.H. VAIRVIKW lllCAt.TV
. ,1'ANY. Administration llullnlnr. Yorkihlp
yillnae, Cnmden. N. J. Penled proposals art-
SSS .VK HEAVY BUYING OF STEEL COMMON
the construction' street Improvements aa;-
(rreratinr approximately the following
nmouni 01 work: six mum or macadam pav
lnr, 2 milea concrete street oavlnir. 4 mllea
concrete alley ravin. together with curbs,
cutters and sidewalks with the name, ana
front and rear concrete houaewalka and
ten. for approximately moo houses. ,
.. nana and specification, can be eien at
the above office and copies of annie with
blank forma for proposals will ba supplied
to Intendlnc bidder, who mint ba skilled
and experienced In this class of work.
No bid will be considered Dnleis accom
panied by n certified check, for Twenty-five
Hundred DolUra (12.100). The Falrvlew fleal
ty Company reserves the rlBht In reject any
or all bid. or to accent any bid aa It may
.deem beet for Ita Interest.
MARTIN Mcr,oNY.
. General Manager.
OFF1CK OF THE UNITED UAS IJUItOVli-
N. W. Cor. Ilronil and'.lrrli streets.
,,. ,, Philadelphia, March 12. mo.
The Director have tnla day declared a
quarterly dividend of s ner cent (II per
share.) payable April 15. 1019. to tockhold-
V," ?,ecKlnt. ,lle.c!0" ot business March
SI. 1010. Check! wilt be mailed. -"
, I. W. MORRIS. Treasurer.
ripoaala
DOMINATES TRADING IN NEW YORK
Developments at Washington Thought by Large Holders
to Indicate Period of Prosperity for Corporation.
Wider Changes for Some Other Issues
rnorosAM for railroad
CONSTRUCTION
DErABTMKNT OF CITY TRANSIT
CITY OF rillLADKM-IIIA
11th floor. Mershon nldc. 1211 Chestnut St.
I - . , Philadelphia. March 18. 1010.
' Healed proposals nddreaeed to the under
aliened, aa above, will be received until 12
o'clock noon on Tuesday. April IS, loio. for
constructing the first four aectlons of the
Krankford, Buatleton and Dyberry Surface
Passenger Hallway from Frankford to Hue
tleton, a distance of about six miles. Con
tract No. T01. authorised by Ordinance of
Councils approved July 20. lino.
. The contract will Includi the nradinir and
the furnlshlnr and Urine or the track, and
the construction of a 804-ft, ateel viaduct
There will be about 16.000 iln. ft. of inflU
vldual track of jrlrder rail type with s-ranlta
block paving- and about 22.400 lln. ft of
Individual track of T" rail true with
ballast.
Plana and epeclflcallnna can be aeen at
the office of the Department on the 12th
floor of the Mershon liulldlna:, and copies of
name with blank forms for proposals will be
supplied to Intending blddere upon deposit
of $10. which will be refunded upon the
return of the plans.
Bidders must be skilled and regularly
cne-aa-ed In 'his class of work.
The contractor will be required to comply
with the act of Assembly of July 18. 1017.
relative to Workmen's Compensation Insur
ance, and must furnish proof of the accept
ance of the said act and proof of Insurance
of liability thereunder, or a certificate of
exemption therefrom.
No bid will be considered, unlets accom
panied by a certificate from the City Solic
itor that a. proposal bond In the eum of
I'lve Hundred Dollars (tBOIt) has been i filed
In accordance wltn the provisions of an
ordinance approvediMay 2(1. 1RB0.
The Director reserves the rliht to reject
.any or all bids as lie mav deem beat for the
interests ot the Cltv of Philadelphia.
WM. 8. TWINING,
Director.
STiaANDOESIEAD
onMwMrkwange
Trndc in Extraordinary Vol.
nme for Saturday Session.
Baldwin in Demand
High Points in Today's Financial Neivs
There continued to be unusually heavy buying of Steel common on
the New York Stock Exchange and its price was carried above par,
with a slight reaction later. Oils continued to lead Curb trading, with
moderate fluctuations. Support was lacking in corn market. Cotton
was slow, but prices advanced. Uncertainty continued in market for
sterling and francs. The New York weekly bank statement showed
increases' in average loans, demand dcptslts and reserves, but decreases
in the same items in the actual report. Bank clearings throughout the
country this week wore reported larger than previous week and corre
sponding period of 1917.
New York, March 22. The action of United States Steel common
was the dominating factor In the stock market In the two hours of
business again today, with apparent 'efforts being made for a further
lifting of Its price by those who were concerned In yesterday's, heavy
buying. Lorimcr "Worden, who handled 1aiee buying orders for the
stock yesterday for Shearson, Uammell & Co., bought about 30,000 shares,
and during the first few minutes thore were two crowds trading in
tho stock, one gathered around Worden selling him large lots as high as
100, while others were trudlng in tho stock at U 4o Vi points below
tho Worden price, making an entirely separate trading group.
Some of these concerned In tho corporation's banking affairs Insisted
that there was nothing1 In the way of a demonstration against shorts
Intended by the accumulation, but that tho movement was based wholly
on developments that occurred at the Washington conference, which was
construed by heavy holders to Indicate a coming period of prosperity
for tho company. (
The stock was supplied in large blocks, however, and there tvob b .
belief In some quarters that the opportunity of a good market had been
seized upon to reduce Important long lines. It may be found that the
Incentive for the movement was furnished on early Information about
points contained In the annual report for 1918 and of the balance sheet
of December 31, 1818, to be published next week.
Movements all through the list followed United States Steel common
closely. That market leader first rose to 100 and then dropped to
99Vi, and all through the list similar movements occurred, except that
In some stocks the fluctuations were a little wider.
The bond market showed -an unsettled tone, -with-mostHmportance
attached jio tne continued; pressure against fourth- Liberty 43ifl,.-whlph
again made "a. new low record; Traction Issues were weak and"tlver litter-borouBh-metropollta"n"4l4s
sold, at a'Ttew.low, .'!.'. .. . . .:
Not
tow Close chse
28 28 '.
78'.-. 78V, ..
3H 3, ',i
2 2tt ..
35V4 35?,
90 90H Vi
.07 107
Hi 60t 2
914 92't
n Oil. 49H 48t 41 ' '
rrtBU. Ilk 13, 13 H
ft li. 18M 18i 18 ! . .. . ,.
Bi 95 98 -f4l " Vork, M
:orp.. 71 70',i 70 Sionly moderate fl
C8
New Yorh Stocks
lllfh
Adv Rumely . . 28
Ajnx Ilubber . 73 1
Alaska Old M. 3
Alaskft.Juneau. 2
Allls-Chalm Co. 36
do uref . ... an Ti
Am Agr Chem 107 107
jm an ul ,
hi or r u'o. 92;
vm ouon Oil
Am DrulBts
nm woe Br.
ao prr .
Am lnt rvi
Am Ice Bee . . 46 46
no prei . 62 Vi
Am Linseed . 48
, do pref . ..88
Ani locomotive 67
Am Ms.lt .... 2
Am Smeltlns- . 7n
Am Bmelt pref.108 1051 1054
Am Bum Tob .114 112 112 1
Am Stl Fdry 82 82 82
Am Sugar 126 124 124 J-
Am Tel A Tei.trnA. inssi ton -t- 4
Am Tobpf new.102 102 102
Am Wool 63 63 63
Am ni f pr. 37
Am Zinc & Ld. 13
Anaconda ... 62
Asso Drygoods 24
Atchison pr... 86
Assets Kenllza 16.
Atl O & W I.. 114
Bald Loco Co. 91
Balto & Ohio. 48
do prcf 64
Barrett Co 120
Beth Steel . . 68
do B ... .69
do 8 pc pf 105
Bkn Ran Tran 21
Booth-Ffsh Co. 20
8H.
23 "
69
26
69
60
I6U
OILS LEADERS AGAIN
IN OUTSIDE MARKET
Fluctuations Are Only Mod
erate, With MobI Changes
to Lower Levels
. Hl"h I?w
2 Am Oao, . 65 66
5 Am It pf 64 64
100 Bald Loc 90 90
10 Corn Ex
Dank... 360 360
5148 Eleo Stor 70 69
26 Hen At,V R7 A7
26 do pref.1011101 101 '4
HmCNA 28 28 2H4 r- '
Net
Closs che.
65
90
360 10,
70 1
67 1
W
lm
pyw
VM
62
48
88
68
31
13
61
24
March 22. There were
fllltttttntlnnB In Iia . n
4614 jorltv nf atockK trrloH In mi Ihe ttrnnit
" 1 I Street Curb this morning, and the
25 J changes In most cases were to lower i
67 Azures, tho market following clonely the.
14 inovemenis on me siock exenange, wncre I
reactions vere in order, after United
States Steel common gold at 100
There was a good demand for the In
dependent oil Btoeks again, but profit
taking sales and uncertainty over the
situation of United States Btcel caused
a temporary check In the movement to I
nigner prices.
37
13
61
LI4
210 Lk Sup C 20
a L,en Mav. 684
40Lh Val.. 66
6 Nor Cent 71
mpennallll 44
10 1'aSaltM 83
80 I'hlla Co
cum pf. 35
223 Phlla Eleo 25
120 P 11T t c 25
200 Beading
1st pf. 37
10 Un Tract 38
45 U ll I... 72
2350 V SSteel.100
lOWest Un 86
8 W J A S 42
960 w" Cramp 96
!0
69
65
71
44
83
35
26
24
37
38
72
99
8 6 ,
42
91
20
J
55
71
44
83
25
24
37
38
72
SI9
86
42
94
4-
--
' 1
'
4
'IVitnl uaUa MOI rr,m niMimi rwl wtfli
Commonwealth Petroleum, which is I.002 shares yesterday: thli week. 64 110
e leadlne: featupo nf 11,. . .torlt. I hlre last week, 44.141 shares.
1 0.
113 113 in recession,
. the leading feature of the new stocks In I
from 50 to
came In on that I
80 1. 1 a, ltne outside market, reacted
1J 4. n '48, but good buying cam
Brunswick
Butte & Su C
Cal & Arizona.
Cal Petrol .
do nref
Cal Pack Co.
Can Pacific
89
48
84
120
68
67
105
20
20
8
23
59
26
69
59
89.
48 J
64
120
68 V
67 1
105 4-
21
20 4-
8 H
23
69
26
'
1
IS
SUPPORT IS LACKING
IN THE CORN MARKET
stock sales today nt the New York
Exchange totaled 504,300 shares.
New York.- March 22. New York
livening Sun's financial review for to
day follows:
Trading was in extraordinarily large
olume In today's stock market for a
Saturday half session. There was
Tone Weaker Under Scattered
Selling hy Commission
Houses Oat6 Active
Clilmno. March 22. Support In the
coin market was lacking this morning
lush of buying at thd opening, which ! a,nd "ndel' senttered selling by commls-
$-
carried prices forward under the leader
ship of the Rteel shares In general and
United States Steel In particular, which
pushed to and through par for the
first time this year. At least a third
of tho turnover In the first hour con
sisted of steel transactions. Baldwin
Locomotive and Railway Steel Spring
were In brisk demand also. The coppers
did pretty well.
The oils were somewhat higher early,
but a reaction which set in quickly as
sumed rather broader proportions than
elsewhere In the list. Strong spots In
cluded American Can, Goodrich, the
leathers and Brooklyn Rapid Transit,
which apparently has discounted about
the worst that cin happen now In the
traction situation.
InteJ-boro'ugh Rapid Transit dropped
below 4, but both that and the preferred
rallied and later held In good style.
The violent covering movement seemed
to have brought out stop orders which
accelerated the upward swing.1 By the
end of the first hour, However, tho most
urgent buying was finished and trading
quieted down relatively. The rails failed
to make any material response to the
$100,000,000 advanced to the railroad
administration by the War Department
on account of transportation bills due.
The steel situation continued to be the
governing Influence on the constructive
side. Judge Gary's statement that the
price cuts for steel products represented
the minimum for the balance of 1919"
waej accepted as the signal that buying
In that industry should begin, and' If
others made similar progress, there
should be, In his woris "great business
progress and prosperity in tho near
future."
Tho feature in foreign exchange was
the sharp break in sterling rates to
' 34.60 the pound sterling, which Is only
-12 cents above the sensational low
touched in September, 1915. Francs re
acted two centimes to 5.73 francs to the
dollar and lire lost 32 points to 7.52 lire
to the dollar. Neutral rates were llke
, wise easier within narrower limits.
Steol ruled fractionally below par In
tho second hour and there as well as In
tho remainder of the list there was a less
definite trend than earlier. American
Hide and Leather preferred was one
of the few outstanding strong features.
The paper and oil groups continued un
der pressure. Interborough Rapid Tran
sit 6 per cent bonds "partly recovered
from a loss of a point or sp, and Inter
borough' Metropolitan 4s made a slight
gain on the day. Liberty Loan Issues
were ). bit soft , '
While business revival lias as yet
scarcely reached the stage of general
resumption, the trade ' journals pretty
, well agree that operations are slowly
widening, particularly In textiles. There
is less anxiety over the labor situation
and In some sections the Increase in
unemployment has been checked.
"The fact, that certain leading
branches," says Dun, "such as the steel
Industry, still fall to reflect recovery
tends to divert attention away from the
betterments In some other directions, as
In textiles."
Brndstreet says: "While evidence of
caution In buying abounds and sales,
especially of textiles, are still below a
year ago In vajue, there has seemed to
be some growth In the belief that prices
as a whole, at least for spring, are not
to Buffer .the wholesale cuts which were
earlier predicted.""
Bank clearings for the week totaled
87,606,706,013, against $6,729,540,151
last week and 85,929,661,893 In this
week last year.
NEW YORK qOFEE MARKET
New York, March 22. The coffee mar
ket opened steady 'at advances of from
1 to 3 points, with the early trading
confined to the. December position.
Yesterday's
Open Illth Low Close close
toy , 14.85 14.93 14.00 14,00 14.00
uiy ; .m iiiiio ".za H.3U
September ,, 1S.09 14.00 14.02
jecemoer
anuary ,
February
larch
V
,. 18.00 , 14.00 14.02
... jg.75 13.77 13.74 18.78 18.74
... J8.3S lS.JR 13.74
... 13.75 1.1. in jsH
13.77
13.75 1S.T4
GOVERNMENT BONDS
Bid
anam coupon 2s. 1986..... . T
'anams. rsristsred 2s, 1638,,. 07
'iiwmi coupon 2s. 1988 . . . , , . 97
'anama. reslstered 2e. 1938... 07
'anams. coupon 8s, 1081 ..... . 87
'uami reslsttrad 8s, 1901... 87
'hi Ippln 4s, 1034. 00
'ni lnnins . ibud un
hiuppine . ivbb. ......... wo.. to
J S Qov coupon 2l, 1B80..Z... 0U S
1 s Gov reiistersa 2s. 1980.. 88ii CS
T 8 Oov rejrUUrsaSi, 1080.. 88ii
-,. ' J B uov coupon or into.,,,., mi
" IB Oot resistsrea ss. o.. so
- ;f U,B Ooy coupon 4s. 1925, . . , ,,190
Aslc
08
ih-02
93
on
OS
on
02
INK
slon houses the tone was weaker. Some
resting orders were encountered at the
bottom The olume of business was
moderate.
The trade took a bearish view of the
technical position, but strength in the
rye and live hogs caused hesitation
about forcing I he selling side.
The labor situation In Argentina, it
would appear from private cables, has
rot been adjusted satisfactorily, und it
would not be surprising if difficulties
were again encountered.
The receipts here today were 100 cars.
May opened at $1.45 to $1.45,
against $1.45 at the end yesterday,
and declined to $1.44. July started at
$1.37 to $1.36, compared with
$1.37, yesterday's last price, and later
sold at $1.37. Jlay rye opened one
half cent higher at $1.77.
There was aggressive selling of-oats.
and after a fairly steady start the mar
ket weakened. Trade was fairly active.
The arrivals here today were thirty
one cars.
May opened at'8 to 08V4c, against
08 c at the close yesterday, and de
clined to 67c. July' started at 66 to
66 e, agalnBt 66 c at the close yester.
day, and sagged to 65c.
The receipts of wheat at Minneapolis
today were 373 cars, against 125 cars
last year; at Duluth 1 car, against
8 cars; at Chicago 16 cars, against 12
cars, and at Winnipeg 86 cars, compared
with 225 cars.
LIVESTOCK QUOTATIONS
4'hirazo. March 22. - HOGS Receipts,
000O head. Steady to l"i h'sher then yes
terday's general trndo. Hulk. $19.60 l.80i
heavy. llB.7B10.85t medium. $10 00
$10.85: light weliht. JW-l0J-",!i,Wfi!
$17.n010: heavy Packing sows, $18.50 &
!. 10: packing sons. $17.20 4848.28; piss,
''cATTLR Receipts. 1000 head. Compared
with week ago beef steers 60c Oil lower.
Bulk of decline on cattle from $15,to SIB.
holes stock 25c to 8O0 lower. Alt other
grades 00c to 73c lower. Veal oalves,
to 31.25 lower.
$1
SI1EKP Receipts, 2000 head. Good and
choice wool lambs and yearimgB yuc 10 joe
hlsjher. Oood wethers mostly $1 higher.
Fat ewes OCo Higher. Medium killing and
feeders 25o to 00c hHther.
Pittsburgh. !". March 22. 1IOOS Re
retDts 1E0O head. Lower. Heavies. $20,253)
So 30- heavy yorkere. $20.2020.21i light
yorkers $18 25918.50: pigs. $17.80018.-
SlIEKPRecelpts. 400 head. Steady. Top
sheep. $181B.60; lambs. 120 00
CAL.VKS Receipts, 80 head Steady.
Top, 18.
Kansas. City. March, 22--"OOS-Iteceipt.
nigner. ,iot,i ,, -""
1000 head.
butchers.
liher.
U8.7R4M0.UO
lTnnw I1R AM
.-. " ' 1 ..-. .To n . i'
UKniB. uo,.iv
10.25: p gs. $13.00W10.20. a. j,
CATTl-B Receipts. 800 head. Steady.
Prime steers. 318W10.25; southern ..steers,
$8 $14: cows' $0ftl4.6Bi heifers. 1013i
CasHtEP Receipts, 1000 head. ' 'Nominally
steady. Lambs. $10.75 20.05: yearlings.
$17 75ffll8.80i wethers. $15010.50; ewes.
l3.7B14.78,
South Omaha. March 22. HOOS Re-'
cetpts, 10.800 head! steady. Range. J18.7BO
CATTLE Receipts, 400 head.
SHEEP Receipts. 400 head.
LOCAL MINING STOCKS
N TONOPAH stocks
Bid Ask
Jim Butler , JT .35
MacNamara
Midway , 80 .33
Mlipah Extension ........... .OH ,07
Montana , " iij;
North Btar, t .07 .00
Rescue Eula, 07 .00
West End A 1 1
aOLD FIELD STOCKS
Atlanta ,. .05 .08
Blue Bull ;..'. .03 .05
Booth ......, ..., .14 .la
Crackerlack I . . ,. . ,.07 .Oil
rJlimondfleld B B , .'. . .01 .02
Daisy UI '1
Kewanas .....' 05 .07
Oro , 01 .02
Silver Pick 07 .09
Tearhead . .10 ,15
MISCELLANEOUS
Arlzoia United 25 .80
Nevada Wonder ,..... .67 .72
Tecopa Mining ...I, ...,.:.. .12 .13
Plan to Stabilize French Exchange
Paris. March 22. In certain French
financial circles the following sugges
tion la put forward as likely to stab
ilize French foreign exchange during
the 'period of transition. Tho American
Government should grant to the French
Government a special credit to be
guaged by the share of the German In
demnity dus France. Such an arrange
ment, it is said, would supply France
with necessary exchange to finance re
construction reaulrements. It would also
help 'to support English exchange In
America and so foster the position of
New York as an international money
and exchange center.
PRICES IRREGULAR
ON COTTON EXCHANGE
35
71
124
68
8
3f
e
24
76
34
18
34
43
46
Cert-teed Pro. 25
1 Central leather 72 V,
IChtndlcr Mot. .124
ICheu AV nVitn r.R&.
I Chic Ot West. 8
I Chic MA St P 38
I do pref . 70
, Chi RliPti! 24
C RI&P 7 p cpf 76
CCC&StL. 34
Chile Copper 18
Chlno C Cop 34
Col F & Iron 43
Col Oas & Eleo 46
Col & South. 24
do 1st pref 54
Cont Can 79
Corn Products. 64
Crucible- -Steel -.
"'4o '.pref ,,' 94
-cuoa -cane Sjg -'J . -23,yy
-.da Dref - . 341. 74IZ
IMstHlers-Sec- 65 -64
"VHTV - fV - 1tfr
- -do 1st pref
FlehefTJody
Gaston-Winn
Gen Cigar Co
Gen Elec Co
I Gen Motors
do deb. 90i.
I do pref. 90
Goodrich H V 671.
iGranby Mln. . 65
r.!iu
159 169
35
72
124
58
8
38
70
24
70
34
18
34
43
45
4-1
I-
"
General Asphalt, which iincned ut
C8, dropped to 66, nnd Sinclair Gulf,
after selling at 41. reacted td 40
Cosden sold at 8 and 7. North Ameri
can Pulp sold at 6 to 5.
Submarine Boat was steady, selling at
13 and 13J. Swift & Co, open
ed strong nt 68. but reacted to 57.
Keystono Tire was traded in at 85
and 84. Golden Gate continued strong,
selling at 3 and 4. Tonopah Divide
sold at 7 and 7. Merrltt was traded
in at 31 to 31, The rights sold at 2 to
' 2
Net
Close rhge.
40 40 -'
95.02 95.02 08
93.40 93.40 32
84 84
Total .iles $7000, compared with $48,400
jeeterrlrfj this week, $141,580. laet week,
$100 S00
2000 Interstate
rtys 4s. 40
3000 Lib Bonds
,, 3d 4Ws 05.02
1000 do 4th
4Kb.... 93.40
1000 Reading
Ben 4s. 84
Local Bidyand Ashed
1
INntTSTTtlALU
Aetna Explosives
Am-Brlt Mfg..
Am Marconi . . .
Amer Writing Paper.
Air Reduction.
Canadian Car Co. . .
Bid
n
4
4'."
50 "
Am,r More
Ye, close I ""jj Sfu"
Ask. (sale) I IlrW,. W.
Uildwln
IJleo Storage
4 rti 1 uen abp
Today
nid Ask
f .Con Car & I'dy pref 75
' I'hareonl Iron 6
9.
4
4
r.
6(1
7
80
so
80'4
70
R.I
HI)
24 24
e " r; a
78
53
67
94
,4
16 P
29 i
51 48
30 29
64 g 64 ,
156 156
54
78
53
67.
94
21
74
64
ie
29 4- H
48
29
54 . i
156 1
163 161 161 -
Pun, K-A...1. .. n 4 fl
Tk 1" . T-l T- 1 .'1- -ui-ii I'1 .'-1 V
ueiiioruiizaiion in roreiEii HiX-, o ure subs. 42
change Has Depressing Ef
fect on Market
New York, March 22. Demoraliza
tion in foreign exchange had a depress
ing effect on the cotton market today
and, after It had shown firmness In the
early trading, it sold off although May,
new contracts, were more steady than .Tewel Tea
Greene-Can Cop 43
Gulf State St 56 ;
Illinois Cen 100
lnt Agr'cul 18
do pref . . 118
Inspiration Cop 48
Inter-Cons Cor. 4
do pref . 14
int inr c (n).lZi'i I25i,ij
lnt Mcr Marine 27 27
90
90
66
65V4
93
41
42
56
100
18
68
47
3
13
90
90
66
65
93
41
42
56
100
18
68 -
47
4 -- ifj
14', i
125 1
27 ,
--
Chevrolet Motors ..200
'. rniiin Si;
"s Cuttiss Aeroplane 12
i"nion Tool 3
i' I linn .Steel ... 90
rniei'oii Phonograph. 3
Ht-mlec Mfg 17 .
i 1-iikc Torn Boat.. . 2
1-ehlgh Coal Sales. . 80
Lima Loco 34
; Mnxlm Munitions
X Y Shipbuilding.. 34
Am l'ap Pulp. . . a
Otis Elevator ,"
Peerless Motor 20
Poole Kng . 20
Scrlpps Booth . 15
Standatd Motors . 9
Steel Alloys . 5
Submarlno 13
K' Joseph Iad 12
Todd Shipbuilding . VI)
Triangle Film
United Profit Sharing I A
1' S Steamship 2
United Motors 44
World Tllin i4
Wright-Martin Air . 3
220
92
13
r,
95
4
25
2N
37
6
70
in
2(1
ii",
R
14
13
95
1
4iT
4s
5
13
do nref
Key Tel
do pref
Lake Sup Corn
Leh No.'
I.h nllev
Lch -Wil Tr
do .pref
1 Penna ,
Phlla nieu
Phlla Co
do 5 per tent pi
. do (I per cent pr
Phlla K T t c
ueaoinir
Ton llel
Ton Mln
I 'n Trnc
II O I
i; a Steel
Win Tramp & Sons H4
iock jtwv . . .
do pref , .
M
m
53
3S
Iill
100
5
TesterVlay
Auk
UliI
2.1
II"
r,o
84
811 Jy
0i
K7
211
ll'.l
.12
311
llll
I'll
07 V
1004 101
ll'i
47 4H
ELECTRIC STORAGE BATTERY
CONTINUES ACTIVE AND GAINS
.1
That Stock Ts Philadelphia Exchange Leader and It
Scores Substantial Advance Cramp Certificates
Rise 4 Points Other Issues Slow
Klecttic Storage Battery continued to attract the majority of Interest In
today's session on the Philadelphia Stock Exchange, whllo other Issues gen
erally showed firmness, and William Cramp certificates became prominent j
by advancing a much as 4 points to 94, a new high record. -
More than 5100 shares of Storaare Batterv enme, out durlnir the, aessrion
find deniflnri Villa Wl irnnrl tVint It w.. nHt-nnMJ 1 R r.nln. n TAR' nnnlhs,. f
,. ., nwwu ...ub v ,.n uu.anvcu ,j ijmin .v I v 78 , wiwfc4v. , r
nikTl, rilffl, -AS,A,4 -lnn alnnn .f,AC 41. ,1.1- . 1--.-1 , a . u b.1..- " -
..- ...0.. .v,.x,.v jjt.c- oiiii-c- inuo, Aiier huh luu levoi iiaa uecu leavucu
there was some realizing, which brought a reaction; but buying was actiyo
anu tho stock finished the short session close to the top.
6uulde of Electric Storage Battery and Cramps, nearly all transactions
were In small, odd lots, and with the exception of American Railways
preferred, which yielded 1 point on a trifling sale, and a small sale of Corn
Exchange National Hank nt 360, up 10 points, most changes were fractional.
General Asphalt common gained 1 land the preferred moved up
Philadelphia Electric and United Uas Improvement were slightly lower and
Lake Superior also declined a fraction, but Philadelphia Electric closed
unchanged.
Ralls weie inix-ed, Pennshanla shading a little, while Reading first
prefened and Lehigh Valley each gained a fraction.
Karlj in the day Steel common advanced to a new high for this yar
of 100. but later it receded to 99.
Total subscriptions to the eighth issue of Treasury certificates In th
Third Fedoral Reserve District were $86,758,000, against a quota of $36,-
300,000. Banks made payments of $243, 621,000 by war deposit credit and
$4,792,500 in tho Treasury certificates dated December 5 and maturing May
6. Aggregate subscriptions to the eight issues in this district are $345,872,600,
As the banks in the Third District subscribed $44,128,000 of the De
cember 5 issue there Is outstanding nearly $40,000,090, which the Reserve
Bank is ready to redeem nt any time before maturity at par and accrued
Interest The Treasury wants to clean up this Issivi before the Victory,
Loan, as the Issue would mature while tho campaign is In progress.
Subscriptions to the Treasury tax certificates known aa X 8, dated March
15 and on which lists closed March 21 in this district, were $18,14,00O.
20 so4 so;, soft Holders of certificates dated August 20 and January 1 can- still convert
,& 5M, r,'"' SH?, them Inio the March 15 issue
14 U
44 44'.. 44
S.-iS UJS, AJ
33i 30 33i
29 1'R
24' 2.", 24'i
b4S 81 H
31, 8 V. nv,
2'i 3 J'i
3HH 311 SS'.i
714 72 72
ll'l !HlV. PUS
114 OS kH'i
.11 32 31
44'.
25'4
30
ih
S3
hn
3tt
8
30
72
HHH
mi's
ii
am
New York Bonds
High row
100 100
close
100
97 97 A
100 J00
99 Vj 99 Va
91 91
103?g 103,
STANDARD Oil. BTOUK
the later months. Business was quiet and
generally professional.
There was some bearish comment on
tho political news and a favorable
weather map.
Opinions with regard to the labor
situation1 abroad were conflicting. Some
traders thought It was improving and
there waa some purchasing by Liverpool.
Later tho position of foreign exchange
and a setback In securities led to freer
offerings and reactions.
Tho close was steady with new con
tracts 7 points higher to 15 points loner
and old contracts 35 points lower to 20
higher.
OLD STYLE
Yesterday's
, Illinois .
! Ohio
Prairie Pipe
Stand Oil of Calif .
1 m int . m .7!VMHiJHUl.U.
7""P " ' "i. 1"? Jii? ,t I Stand Oil of N Y
Intern 1 Paper 4,)'. 46U 45',. -- ?, t
lnt Nickel . . 25 7s 25i2 259. .. , IMII'.l'nXDENT
42'i 41i 41J4 i Harnett Oil & Gas.
170
.342
204
.208
087
.348
OIL STOCKS
175
343
268
270 21,8
692 685
352 318
87'-
82 9.,
83 1,
81
70
J 9 is
9 1
97
Kan City So 197s 19 19!s i
Kelly fprlngfla.114 113', 1141,.'. 'i
Kenne Copper.. 3174 31 31 '. -t- ,
Lacka Steel . . 72 70 70 2 '
Lehigh Valley. 56, 65 55i, i,
IouK & Xash..lHli 1141. .141. 1
Manhnt i:i ... 80 80 80 1
Mar Rock ... 71 71 71 c
Max Motor . 36 1,- 35 U 35 18 1 i
Max Mot 1st pr G4 62 . 62 9.
do 2d pref.. 29
May Drpt Strs 75
Ma nil
.luly .
September
close Ooen Illch l,nv Iist
-'.,.711 211 2.T 211.2.1 2., llll 2"
74i
Mex Petrol 186 181
Jliaml Con Cop 23
Mitlvale Steel . 47 9a
Mo Kn & Tex. 6
Mo Pac . . 24H
Mont Power. 71
Xat Acme .... 33
Xat Con & Cbl 169.
Nat Biscuit . . 124
Nat Ilnam & St 51 U
Nat Lead- . 6S9i
24 20 24.23 24.40 24.20 24 41) v-nrtofM 2d llf 109i
2" (III 22 fl.1 22.0.-, 22..12 22 fill I C". ,' , , ,V ifi,'!
20 nit 211 00 20 03 20.0(1 20 1)0 -a''? (,j0" C? 25,?
saw style N.e": or.15 (en' i5??
May .
Juh
October
December
January
3
4B.
6S
21
70
32'j
16i;
124 .
51
68
104,
15 "a
75
30
28',
76
182 9.
23
46U
6 9s
24
71
33
161;
124
51
6S
109.
15T
75
30
.
1
2 9.
-I
Cosden & Co
Kilt Bas'n
Federal Oil
Inter Petrol .
Houston Oil
Merritt Oil
Midwest Hcflning
Met Petrol . . .
Ohio I'ucl . . . .
Sapulpa Ref . . . .
Scquoah
Sinclair
Island . . . . .
(.llcnrock . ...
',e
. 69.
. 28
. 21 lj
. 80
. 31Vi
.157
. 3".
, 16
. 79,
401.
. 7,
. I".
-4l
21'.
82
31 "s
158
3 7,
18
40i
8
I7,
7 9.
!
2 9.
21 Vj
30 V: I
157
3
7',
4's I
$4U00Am Aer Sn
139000 Anglo-Krch 5. 57tV
liuuuAlll ji & t, Bs.ino
2000 Am For Sec 5s 991
5000 Am T & T 5s. 91 "
18000 do 6s . . . 103V
1000 Armour C 4 i-s 87 U
10000 Atchison 4s". 82 J
2UUU liftv Swn i'ia 837
22000 Bkn Hap Tr 7s 811.
5001) do 5s 70 "
78000 Bordeaux tin. .100
lOOOVal G & K 5s. 94
1000 Can Gov 6s '31 97'.
1000 C It It N J 6s 102 102ia 102Vi
DVUUCIllIU l.Qp ,8 ,1US 100 10S1
liilio C' & U CV 42S 781. 78
4uno do conv 5s. 8594 859,
iuuui.ni HI w 4S. . eoi
27000 I'BSQ reg 4s 95i
2000 C M & St P cv
is 779.
1000 C M & P S 4s. 72
3000 Col & Sou 41ja 77?i
41000 City Paris 6s. 99
9000 Krlo cv 4t Ser
D 421.
92000 Feb Rep fiH.105Vi 105 9, 105 "A
1IIHU MUCISJl in 58 16 166 15
3170UU inleru Met 4Vjs 32. 32
118000 do U T ref 5s 68 ; 66 5.
27000 Int M M 6.1 .98 9. 98 94
1000 Inter Agr 5s . 82 82
4000 K C Ft S&M 4s 68 68
5000 Lch V rets 6s. 101 7s 101
87 94
82,
83
81
70
99 "J
94
97 9h
60 H
95,
72
77 .
98 9s
42 4
STEEL MEN SATISFIED !
WITH PRICE SCHEDULE1
Philadelphia Markets
Trade Feels That Long Step in
Right Direction Has
Been Taken
GRAIN AND FLOUR
WHKAT necelpt.171,86 bushels Prices
were nrmly maintained with Jlfht effertnsi.
f2XS2unAnt .''indsra Insruetfin. tnlrii
EJlcilT-Vo- r"" wintsr. 12.80: No. 1.
!?': J 1. red winter, carllcky. 1237:
Jft.- J.'d nnity. I2.S8; No. i. T4 winter.
hl'SP'JtSi 2- ,S,h"f rjlnr. .: No. a.
iiw TiIU;r,.,'-ae' No. t. red winter. rr
lfjfy,fai8' P--8- "I- "nutty. IS.SSiNo. v
JS s'v,-'r'. 'I'rJ No- a- northern prlns.
i,in,V.No- ?; .S, winter. 12 (2: No. i. red
i'i ; ri. K7, - 3" -'O. s, rea, smuiiy.
r.a . "' . rt
.. ..t.'. tj. .' .u m .v. 1,B. "S. ,1IV,
sVsw'-a.Sfc.Tsrsr
sarnncv
New lork. March 22. Geneial iatis
faetlon la expressed ln leading steel
-... v,t:i mi; 1,1 ncn lui iiiuuuuid ani CORTt ti e T I J. or, '
fixed by acreement between the com- ' ket was stronir t'nrt iJhil"'..-T-! miT:
mfttee of renresentatixo iron and steel I ?OM?V.rf.Wq.u.0t .??.".w .i"! ? '?t tor
manllfaptllrern nnrl tlto m.mli.ri nt th ":??i?J,u?'
Industrial board in
' VSW S- 8- red. I2-28L No. R
ronjr and 2c hlher undr ht
---" jniuw m car iota ror
& to quality axid location, at
"1C OATS n..erfe,. J . . .
Washington last nere llht iSlctV7SrS,,iu05fl5S"
-al
Firlnn. . J.. ... ' llti
ti,... i. i e. . i.i.. I tro,,;; i..-.;rr".'-i.r,'",i"ii; vo under ,r
..n.,uj, ni,u ,. u 4t-,i. it, outiiv v., ilico i ;-;--";. ", lv." "H'1""- lie quote: Car Hw
9s
22.SS I'L-'.'sii 5a R: 22.7" -sTiN'orf & West. .10496 10494 1049v
21 14 21 in 21.22 21 ih 21 12 North American 52 6094 o094
V.
N Y N H & II 30 'A
North American 52
V.'A-??. r.'. I?, r.11 5ii Sll 5ft s' J2 Northern Paci 9294 929s 92i
20.70 20.70 2(1.72 20 02 2rt 70 Nova Scot Stec.l 51 50 61
Oklahoma pr rf
niTniunnn HneKisn Ohio Gas . ..
Kl .MNK.VS Nil IKS I Ontar'o Silver
, Pan-Am I'et.
' Penn R R
The Industrial Hoard of the National i Penn Sea'd S.
Council of Defense Is In session in Wash- Peo Gas & C.
Ington with lumber men in un endeavor Pere Mar pr..
to nx basic prices of umber for balance ' Phlla Co.
of the year 1919 Tlie Industrial Board '
wants an average reduction of from 10
lo 15 per cent in pr'cus of lumber In
order to stimulate building industry.
Pl'ts &. Weil.
Plerce-Arro w .
Pierce Oil .
Pitts Coal . . .
do pref
81
10 S,
63,
82 94
44
3G
50
58
36
37 14,
45
1894.
50
86
(Pressed Stl Car 71T
8 9ii
40
09s
81
43T
36
50
58
35 7s
30 9i
4 4 1,4.
489U
86
78 9.
199,
8494
38
82 94.
94
92 94.
7V.
55
8 9i
40
H
819.
44
36,
50
58
35 Ts
37
44 ,
1894
49 9s
86
71
789.
19 9
84 H
38
82 94
94 9i
93
Tliitpa lb ttiiifils illavntlafiiailnii n..i
chemicals exporters oer the dilTlculty ! 1y stcel Sprl"P 79
of obtaining satisfactory quotations on Hay Con Cop.. 19
freight rates. This has resulted in the """""F "
Iobs of borne large orders. i do 2d prer. . it
lllep Ir & Steel. 84 ,
..... . . ... . ' Royal Dutch... 9694
Mill, producing lilh ersule woolen do new 9494
soodc for next fall report more of a or, Mmnro . K
demand for these fabr'cs from the man- sios-Shef S & I 66 55 55
ufacturers of men's clothing than ever sino'alr Oil . . 459 4494 444
before. In fact, some of the makers of Rniitli Pan ...1029i 10294 102'
medium priced clothing have this season .southern R R.. 28 2894. 28
or me nrsi time visnea woolen selling do pref ... 68
agents who cater to the highest class I Studebaker ... 03 9i
trade. There is a distinct trend to place I Rtrnmherir Carb 38
Atlanta
Hig Ledge .
Butte New York . .
Con Arizona
C K S & Jerome. .
Kirst National
Coldfleld Merger .
Ooldflcld Cons
Coldfleld Florence
Ooldfleld Kcwonns
' llreen Monster
I Hiela Mining
T V? I Howe Sound
. " Independence Lead
1, Jim Butler
V .lunibo Uttension .
," McKlnloy Darragh
-1 ! Magma Copper
9i Jlother Lode
Mlnci Co of Am
Nevada Hills
Nevada Wonder
Nlplsslng
Ohio Copper .
Ray Hercules . . .
San Toy
Tonopah (Extension
United Verde
West Knd Con . . .
White Caps
Yorlngton
MINING STOCKS
4'2
H
94
r 94
H
-r 94
94
-i- 94
1
IK
94
94
94
-19,
A
4
3
1
34
12
45
27
31
1.32
8
9,
32Vj
IV4
14
t
l's
9
20
32
7
,a
5
3
3
38
It
49
29
37
9 94
u.
2'!4
8 i
2 94
33 9
194
16
5
18
IIO.MIS
Beth'hem 7s (notes). 101
Cosden Oil bs
Cbsden & Co 6 s .
Cudahy 7s
Russian Cov 5 9jS
do 694s
Southern Hail 5s
90
90
1019.
55
64
99
quality before price.
P. R. R. DEFICIT LARGEST
. Stutz Motors. ..62 9,
I Sup Steel 37
Tenn Cp A Ch. 13
i Texas & Pacific 34 94
68
62 94
38
5294
3694
13
339,
68
62 94
38
5294
37
13
33 9i
A Todd Shipbuilding Oh. 104
f.
ft
1019,
93
93
10214
67
651
09 9,
110
Hi
35
15
2 94
'2 A
'ir.
15
102
57
6494
4- 9i
V,
Texas Co
DIVIDENDS DECLARED
American nossh Marneto Company, Initial
dMdend of 11.60 a share on capital stock,
payable April 5 to stock t,! reoord March 81.
Central Foundry Company, quarterly of 2
per cent on first preferred, payable April IB
to block of record March 81.
Indiana Pipe Line Company, quarterly of
12. payable May IB to stock of record
April 24. ,
14
91
1019, 100
Transue Wilms 40 4094
Twin City R T 4894 4894
Unfon Pacific. 129 94 129
Unit Alloy Stl 4394 4394
Unit Cigar Strs.l35i2 133
Un Drug 2d pf.105 105
United Fruit... 17094 170
U S C I P & F 20 1994
do pref 64 9. 64 94
U S Ind Alco.143 94 141
dl
er... 849s
: Ref 4994
... 10094
Third AVfi R R. 14
P.niteen Ttnllrnns W.l m T Toh Products. . 93
U.V.&.. M...uui.a A.HU IV X CI . e
" . t Inin r. UIJ l'&
viciii ui xvio oiiortage
Waaldngton, March 22. The bureau of
railway economies, a private Institution
maintained by railroad companies, to
day made public an analysis of the
Interstate Commerce Commission report
on railway earnings last year to show
that of Che J214.000.000 government
deficit for the year tl50.000.000, or 70
per cent, was ln eastern territory. West,
era roads Bhowed a deficit of 872,000,000,
while southern roads had a surplus,
earning 88,500,000 above the govern
ment guaranteed rental.
Earnings statements of the Individual
roads shows the varying effects of the
i.e'Ilftlnir of traffic and chansreh In fh,
character of traffic. While 119 out of -I
let targe roaas earn less than their
rental, a few of the other lines earned
considerable surpluses for the govern
ment, the total of such surpluses amount
to about 880,000,000, as compared with
264,000,000 n aggregate deficits.
Among tho railroads earning a sur
plus above the standard return were
these:
Union Pacific, 111,916,000; Southern,
810,895,000 ; Duluth, Mlisabe and North
ern, 87,343.000; Michigan Central. 85.
654.000; Big Four, $4,760,000; Chesa
peake and Ohio, 83,816,000; Santa Fe,
83,114,000, and Louisville and Nashville,
82,057,000. .
The roads where the largest, deficits
resulted were these: '
Pennsylvania. 833,044,000; Chicago,
Milwaukee and St. Paul. 828,511,000;
Baltimore and Ohio. $18,424,009; Great
Northern, $16,687,000; Erie (deficit),
$16,583,000; Chicago and Northwestern,
$10,769,000; Pennsylvania Company,
$10,707,000; New Haven, $9,332,000; pan
Handle, $8,360,000; Burlington, 88,844,
000; Boston and Maine, $7,746,000; New
York Central, $7,510,000; Reading, $7,
020,000; "Soo," $6,714,000; Rock Island,
$6,700,000 ; Delaware and Hudson, J4,.
983,000, and Lehigh Valley, $4,887,000.
1594 21294 21291 29.
BANK CLEARINGS GAIN
HOOOLIg M T 7s 11114 111
244000 Lib Bond 39,s. 99.10 99.04
213000 do cv 4s . 93.70 93.62
35000 do ltt 4s . 94.30 94.24
1223000 do 494s 95.06 96.00
14000 do 1st 49.S. 94.42 94 32
408000 do 2d 4 9iB 93.68 93.62
1839(101) do 4th 494e . 93 70 93.64
02000 Lyons 6s . 100 99
133(100 Marseilles! 6s., 100 999.
15000 MUI"ile 5h 87 9 86
1000 Mo -sc 4s. . 83 'J 83 9.
600(1 do rcn 4s. . 59 59.
3000 N Y A Brk 6s.l00y. IOO14 10094
1000 N Y C-L S 3l2s 66U 6514 6594
15000 N Y C & II 6s 9894 98tA 98H
5000 do 49ns . 829- 829- 8294.
1000 N Y Cltv 4 94.8
May 1957. .10094 1001 100U
hat a long step In the right
has been taken.
Prior to the Washington conference,
It had been feared that the govern
ment's representatives would request a
very drastic reduction In prices, and
when the announcement came that pig
Iron was put down only 84.50 per ton,
with reductions of $6 In billets and $7
per ton In bars, plates and structurals,
there was a general feeling of relief
In tho selling organizations of the larger
companies.
However, it is learned definitely that
the Industrial board at first was In
clined to recommend considerably lower
prices than were finally agreed upon,
but that the arguments of the steel
men, who furnished detailed Informa
tion of production costs, and the high
waee rate, eventually convinced the
?2'?5 l goernnient authorities that their re
1,4 jjj quests were extreme.
9504 I It is belleed that the desire of the
94 26 I Federal authorities not to have wage
781.
859.
60 9t
95-.
989.
42 94
32 94
68
98,
68
101
1114
o.rectior, , jd -,7 ."Vm W?e7"8& whft..8 S
, 1 rLOUn Receipts. 1.714.052 pounds In ''
sacks. . The market ruled fom '"SUV A" 3!
M
r Y
lbin wn Qu?,.atl0n8,! To Rrr've. pir IBS j&t
lbs. In 140.1b. jute sacks Wlm.r ..J.i.t.. vSfk
7neWrnv.10-2owlO-60: do, neafbyV lib
10.25; hansas straight, $lxau BO aT,
short patent. $tl.B0li.7B sorini '.hSS.,
F.at.?.nt y-30&n.o0? tQ ' paPtent'' lllfi
JSK-Ws wrSWb
PROVISIONS
,.Lra,1!.T" "ul,t' but orlces were steadllr'
,The quotations: Beef, ln sets, injokid
5nrt. lr-drled. 4c: beef, khuckiei and tenl
mntjli,fffi:'f" ".""' OO. OO.
"u0 77L, nnini. iianrn nnnaiaasi tr
foc. do. smoked. 2ei IvJI es. in mi.
. Sic, lard. tOtu. . '
93.64
93.66
99
99.
87
8311
39
2000 N Y R ref 4b 40
11 mill do 5i . 11
1000 N Y W C & B
4 9-jK . 15
50(10 N'orf & So 5s . 68 1
10(10 North Pac 3s. 6994
1000 Ore Sh L 4s 86
1U0II Pennii 6s '68. 93
2000 1'ub S N J 5s 78&.
10000 Pierce O 6s'20 104
35000 Itep I & 8 5s. 95 9i
32000 Sinclair Oil 7s 97 94
5000 St P Kan Cy &
Fit L 494s.. 689
2000 Sea A L adj 5i 48 S
3000 Sou Pac 4s . 77
12000 do cv 4s . 83S
S1!
11
45
68 '4
59 .
86
95
78
104
95S
97
68?,
48,
77
83 9.
399
11
45
08 94
59 V, I
86 I
95
78
104 I
95 9.
97 J
68N, I
89s '
77 I
83 94 I
reductions at this time was one of the
main factors in determining the prices,
as it has been felt right along that
any attempt to reduce the pay of work
ers without a Blmllar cut ln the cost
of lining would result in labor dls
tuibances throughout the country
In the steel trade generally, It Is
belleed that the action on prices will
be followed by a rather free buying
movement for the requirements of the
various departments of the goernment,
and that regular consumers In this coun
try will enter the market within a com
paratively short time to cover their
needs.
N. Y. BANK STATEMENT
2000 do cv 5s . .1035. 103a. 103.
4000 Third Ave aj 5s 29i
50(1(1 Toklo 5s . . .81
4nnoiT S Realty 5s 719
1000U S Rubber 5s 86
4000 do 7b 1039.
1000 U S Stl s f 6S.10014 10094 IOO94 iiua,ia
10000 Union B A P 4s 82s 825, 82, Net"
40VVU u u 01 u 0 k 1
',
81
71
86
103 a.
2794
81
7114
86
103 9,
Total Butiness 30.5 Per Cent Greater!
Than Same Week Last Year
72000
41000
594s 1919
do 1921 .
do 1937 .
99 99. 991,
98 A 96 94 98 A Clnulatlon
009, 100 94 inoU Cash In aull
Average Loans and Resenes Are
Higher, While Arlual Deireaee
New lork, Murch 22. The New York
bank statement thlf week showed large
Increases In average loans, demand de
posit!" and reserves. There were de
creases In the same items In the actual
report
Details follow .
AVIfHAOK
. M Sf2.24(l 0(10
demand ile-
nosllB T3.0n0.n7n 0011
baton
nEFINED SLfrJAHS
for'flneTran'ul.e'd" QU"t n """ of M
DAIRY PRODUCTS
,.l'.c'?.Zr7',2n,u..?T mal1
and ti
r Oi.riV
laconsln. rurrent
Inprease
I31.II3U.UUII
Net time denuslta
l.Mi lir, Oiiii
.1(1 Iril 1 (Mill
111." (HI3, (tun
84,r,22.00(l
2,14'i.iKin
rain.ooo
751). 000
.,... ..... . .""v". "rl' K.inan a
it on';- "iffw-v?; 2K, d,wi.ft"-... .as.
make aiiiiA a : " "'iranun, rurrenL
maK. .rt'ia,v. do. do. fancy. hla 9TiennM-
JiOTTMi Demand was linht and ir"eJ
were lc lower, thouuh supplies w-ri fraall
Quntailor.s: Solld-packed, creamery eiTraa'
n5a.' .in"..11""' 07c' nr. 0466c: S
??ncV ?o?S; ''""mery, cholca'toV
elS' 1. .'' .0, ,a,r lo Rood. 0400c- '
frrcy.obdds eiVA"1 lobb,n " ""&
u??(?1So?:"Vr"e,'ldcLeWa"Seab?,r?tT
lected est. Jobbing at 45J?47c per lo"en.
POULTRY
LIVK The market ruled firm hut th.r
was no particular activity In trade Th!
puoiations Kowls. Ma express In eini
broil n chickens, fanci nhrn?ti$'
KIlKRHl.ri The market ruled firm with
supplies well cleaned up. Quotations were
n, fo loj- Fowls, frcsh.kllled. in boxes
weighing 5 lb and over apiece. 36c: relsh:
lnc.')4H lbs. 37c washing- 8 bs. 3
635c: smaller sizes. 2S0a2C; fresh killed
11 barrel, fancy drv picked, w.lihlnc o
lbs and oer nnlcce Sflc. wetrhlmr au 4U
lbs apiece. SflO7r. smaller III. 28f?2e';
olil rnnaters. (Iry-plcked. 27c. roastln chlcki
..." '"-1,1", uu'iitnea, in Doxfce. wetahlmv
! lbs and oier apiece. 387c, weighing 4
lbs apiece. Sic. welshliw 84 lh, nplfoeT
?.7Cs.ivnf'"hl",r.:;ei,"?', ""' 83e:stawy
27W30C masting chickens western. In baiv
rels. welghlnE 4 lbs apiece W .i..ii;
lnt, hlirher
em-
14
91
10194
40
48
129 94
43 94
133
105
17094
19 9,
94
9s
IT 8 Realty
U S Rubber
U S Sm &
TT Steel
Utah Copper . . 73
Utah Sec Corp. 16
Vn-nnr Phem . . 68
Wahash pref A 33 9i
Wells-Fargo Ex 69 94
West Union Tel 86 94
Westghse Mfg. 47 9s
Wheel ft LE pf 17
White Motors.. 63 9.
Wlllys-Overld . 29 94
Wilson Co ... 80,
Worth P&MpfB719
at
8394
49
99
8 fl
t 08
33 94
59 94
8694
469.
17
63
29
7994
7194
64 94 94
141 194
389. 294
83 9j
4994 -r U
99 I
7294 94
161J 94
581A
33a, 94
59 94 194
86 94 94
4694 96
17 4
53 94 94
29 94
7994 94
71 . .
Total sales. 80.861.OOU, compared Mill "'Tn .tale
812.17.1000. this week. 800,033 000 lHst , i'.K oi,H frn.T
.,b im.moim banks and trust
Total bank clearings of all the clear- ' ifelier "e" Ir. state
Inar houses 111 the Vnlted States for I RESERVE BANK REPORT ' companr'de.'!-
the week ended today nave been 87,606,- , i""" ..
706,043. against $6,729,540,151 last wsek I . , , c. . .01 rv ..... 'arbti gate res
ncwiy oiaiciuciii Oiluw uron 111 Dill, ij,rrr, ,-.tu,,u
m SJtiriil list
571.337.000 30.43.OOO
Jll 700 000
Total sales reported on New York stock
ticker. 020,200 shares, compared with 1.261,
10O shares esterdav. thin week, 6,M.',3UU
shares; last week. 6,250,000 shares
Extra by National Casket
N'w York, March 22. The National
Casket Company has declared the regu
lar quarterly d'vldend of m per cent
nnd an extra dividend of 1 per cent,
payable March 31 to stock on record
March 20.
Dig Increase in Capital
Hover, .Del.. March 22. Not'ce' of an
Increase In capital stock was filed at
State Department today for the France
and Canadian Oil Transpoart Company,
New York, from 11,000,000 to 810,000,.
000.
National Park Bank Increases Dividend
Ifew York, March 22. Directors of
the National Park Bank have Increased
the quarterly dividend from 5 percnt
to 6 per cent, placing the stock orr a 24
per cent annual basis. The dividend Is
payanie Apru 10 biock 01 record
March 21.
and 85,829,661.803 this week last year,
or a gain of 30 5 per cent. Clearings in
Philadelphia, as compared with the cor- .
responding week last year, gained 36.2
per cent,
Details follow
Inc. !
1010 1018 I.c. I
New York.83,,23,! 580,088 82,532.927.899 43.1 ,
Chicago... 4HR.1S2.0U8 44J.871.SJ!) 10.1
1 nua ,191 mi nna .o..i,o,ni9 on. J
Iloston . 2U1.S42.00O 223.031.0S9 32.8
Kan. City KI7.(,l)4.n47 183.335.681 eg.l
Ht. Louis. 14U.703.48II 143.U72.049 4.0
H. Xran'co n.vioo.uoo 7.U44.OJ0 18.8
rittaburgh. 131 .187,(103 0fl.740.403 101.7
Detroit .. 108,303.809 4(1.373. OUT 183.3
Ilaitlmore 72.274. H7II 40.327,024 711.2
N. Orleans 37 714,331 58.128,002 8.8
Discounted Reserves Lower
Net demand dep t3.4O,77B.(i00
Net time dep
Circulation
Cash In aults
5Vdaya! "5.530,671 8IS2 4, 097. 438,531
A day. ' 87S.U8A 403 801,004.268
T'l all cities.
ft data. 16.406,638,34.1 84,808.462,709
day '. .'. 1. 200,047,198 081.160.094
TI nil MfL.
-'.I.- .Art n.n V -.. AA. ... .-.".
ror w'K.u.uuo. iuu.u.j o,o.tf,uui.Bta au.o ' Capital
An Interesting feature In the weekly
tatement of the Philadelphia Federal
leiene liana- iv tne contingent liability
hown as lndorser on bills redlscounted
tr accentnnceH snM to other Fe1.ral n I.nans
erve banks of $30,000,000 on March 21,
s compared wnn i6,uuu.ouu on March
14.
Notwithstanding that memberf of the Keserve In mem
Clearing House reported a new high , ,",r ban,k . .
rynrn In l-inu llll .Mnnrtnv th. Il Itesepe III State
serve Bank showed a drop In bills dlb
counted secured by govemmnte war ob
ligations, being 8169,254.927 yesterday,
compared with J178.179.845 the week
before.
The ratio of total reservet to combined
deposits and reserve note liabilities was
41 7 per cent, compared wun 41 3 per
uel.hlntr 3 1. r. ,. --., - ,,.?.
wx.irhlne "U. 419 "ihi" .. i. ?" i",',.'.'"' "C.
ff 12 lb, per doi 10 23010: white wrlahlnr
OWIO ll. per doz . M 2.1or5o do' wlln
Inc s ll., per doj . 7 30: do. do 7 b per
'". Jo. do oOH lbs per dig 84j
dnrk. J2 .10, small and No 5, lJL5l"
eu""a, oung. per pair. SI 60O2I oldT $i
I'RESH FRUITS
Choice sleek generally ruled Arm. but
demand was only moderate Quotations!
Apples New York, per bbl. Kins IBBlt
Baldwin. 17 300 ,luPHubbard,ton"'7O0 2il
OreenlliB IROlll. Russats 78 30. Applel.
.r-'riTAT cmii-j ivaiuti ami irginia per hb Den
actual lUii, it r.nwii nn., hiiK.,B.J1
4.8B4.n.l7.0(in 'HR 0116.000 ', V S12 Itnm. Heauty. fjney siuBl',
1 I ..-.37.00(1 .'ni.-i.OOO
.19'J.r,74 Ol") 37 1101,000
52S. 448.2110 11.077,260
71,12.1740 20 327 740
tMii,."!, InrluilrJ
tlTnlteil States deposits deducted,
J27 Him
Decrease
277
1.10.2110 00(1
37.(113.(1(10
t04.A2U.OHO
511.681,000 '21 033 00U
-a.i i.v,inm Annies, wiaiern. per box. S8MJ 7.-, i...
''I !"" i P"r iix - ( .11 Oranires Florida. n-
i .17.IHKI crate 2 30f7 33 Oranges California ner
3.11.000 , box J3 softs 8.1 Grapefruit, iri hnl" 'iSIT
. Ii-Ia.,. ' .?
- ,u,ua, per quari.
1
TJ
-I
ft
i
i
c
,S
:
&
I cent the nrecedlnic week.
1 Pomnariaon of ImDortant Items fnl- i
i i - - - -
lows
hank a and trust
companies
Itenervt) in thi
hnrrkft and trust
cn..pnn tjepos
Airgreifate res
Keservt? reriuired.
KurpluH . .
xrLHc e nciuaoa.
tUnltPl States depoit deducted $200,
tll.OOS.OOU
I'J.niT.OOO
r.l... Mill, 000
jso ooo
1 OAT.OOl)
10.l.r.Mini)
4,1.75.031)
15.11O.U70
xM
m
323.001)
Decreafce
Decrease.
March 21
Total reserves . . .(1KB. 1 IB 7H0
Karnlnts. asset.. 201. 881.802
7,mn.imi
MONEY-LENDING RATES
PlIILAIJELl'llIA ':!'. ifi per cent:
March 14
H8ilS.lfl.720
20(l'.2S4,718 Loans and lncst
7.377.4HO mellta
10.nR3,4.1li,(iohl
102.767.4H2 Currency, bank
i nuies ,'
.-..-. n.m.,A.- I Deposits Federal
FOREIGN EXCHANGE i ntim. Hank of
.. v i. !ieMi. to a i. l New York
,rT iuii, ,'inii.ii .. m uic uijcii- , Deposits
OfTSIDE 11ANK STATEMENT
STATE HANKS
, Clovern't deposits. 20.770 02(1
Due to members. fl7.H3i.SAa
J5S1.K91.IUH1
H, 447. 900
24. 880.000
I2.BII4.7IIII
131.1110
33.1.200
0.1121.000
083.73.1.800
1)0
.1.002,300
111,20(1.100
1.. 107.300
decrease. .3
limn K Gti R tier cent, uommere al na. . ''.. - la. :'"' .V i:. ". ---.""-..- , .,rin,ii ,
: .7.1..." r; .i,. mi; . ., r ins mis morning tne lareiKn. exenanee m serve on deposit 101.2H.1.2
per, uireo iui '""""' v .3 fcr market was demoralized, it belnsr almost ! 1'ercentaae of resirve. 20.1
Veliki DUk lliw.lil.o. v v v..m , ,. k . tr, Ahl. n nlhor than nnm Hl '1111IN1 L.UJllArW 1 EJH
'- . nnni.i!i,n. for ltliv uteri n rw f .rt tl-oans and Invest-
... A. ..,...,.., .T"' "', V., .:."'.. .'"" l mtnli 12.130.3.10.200 128.010.000
.200 48,000
Ilank clearlnss today compared with cor
reaoondin darU.t iwt ear. ,
Phlla. . JUL (101,309 150,213.278 4R,60.70.1
llOston. 40,284.072 40.473.00(1 34.872.800
N. York 701.tC7. 344 403.253.0,11 338,800.300
Produce Exrhatige Closed Tuesday
New York, March 22. The board of
managers of the Neir York Produce Ex
change have voted to close the exchange
on Tuesday, March 26 In honor of parade
of the Twenty-seventh Division from
overseas.
11.482
0,843,800
2PO.700.DIMI
hills. Demand sterltnK was Quoted nt "'S'
4.S8'4 to4.80 and cables at 4.B9V4 kto Currency',' ban li
4.61. Frhnc checks were 5 76 and cables notes
5.7b. .Deposits. Federal
Virtually all attention was attracted neserve Hank of
in the aterllnar and franc markets tho New York . . 304.387,000
ri nf tb Hut helnir nesrlectert. Vlth lepolt ... 2.n?.?4?,()0
nursitinna unavailable. , Heaerve on deposit
The cause of the pronounced break ln
Marling bills was advices from London
announcing that transfer rates on dol
lar exchange had declined to 4.50 per
liii'nd in Ixindon.
It was dimcult to get exchange rates
on documents to any place outside ot
London and the market was generally
called nominal,
Swiss was quoted at S.05 for checks
and COO for cables and Italian was
BAR SILVER
Commercial bar silver was quoted In nominally quoted at 7.50 for lire chrcks.
New York today at 81.01 H an ounce, I Later tho market became steadier,
unaltered; In London Kt47,d, unaltered, 'with sterling cables quoted, at 4.66.
WI.321.10U
411.4211. ooo
1.4.1.1. .-.(l
Percentage of reserve, 17.8. decrease. .3,
STATE ItANKS AND TRUST f'OMI'ANIKB
NOT nErOHTINCJ TO CI.EARINO HOUSR
Loans and Invest-
r. .- IC1II D4I BDA , ruB nA..
fnms ... f w...,n.,r.w, .,,,inin,aiiii
n.lBQ.tUU 10,100
flolil
Currency, bank
notes
Deposits, Federal
Kcserie Ilank of
New York ,
Total deposit.
Ket deposits. . ..
Heserve on deposit
10,003,000 1,072,100
n0.03R.300 8.814.900
830.771,300 2s,in.i,nr.o
743,937.800 1.1.8811,800
128.1173.000 4.409.100
Percentare of reserve, 8.s decrease, 1.3.
-decrease.
6(1 Htr.iulrrla
iowr,.
VEGETABLES
The market was generally firm on fins
unclt. with a moderate demand Quotation.'
Wy,!.?c,7.l?7,,Ky ?r i!ahel basket,
NIWSA (U7.1c. No. 2. .10 80c. While
poUtoesMnlne ner 100 lbs Jl 8002,10
IV hit polCSe Pennsylvania. No. 1 per
100 lbs . JliHraj. White potatoeswestern
per 10(1 lbs . iTMlOl (10 IVhlle' nn..l!i5'
I New York per 100 lbs Sl.flOO! 7S White
potatoes Delawaro and liar) land, Hoosler
per 100 lbs 11 40W1 80 Sweet potatoii
Jerae per basket No. 1 8262 2.1 No IV
I ll r,OWl 7.1 Hwet potatoes Eastern Shore.
i ner bbl.. No 1 1(1428.80. Rweet nnl.,n..
Delavare and Martland. per bushel hamne
No 1. 33 IS No. ;. I1.8.102. Cabbase.
Danish seed, per ton, Hofl.li). Cabbaire.
nouinrn, iier nimptr, si. laiv.z.i. onions.
.llttw. r inn.lh Imw fl TRfll M " 'I
ITitJ
BUTTER, EGGS AND CHEESE l S3
New Vork. March 22 Dl'TTER Unsst i i,'?&a
Uert Receipts. 7480 tuba, lllaher smrlnsr, i, T't&'i
--..-jw. r-.,u. "' ""-tuc-i iirwi. o -1? Fit
,i,t'. prvnnai, iivvii.h. inim naiTf, OOW i&
uir imitation creamery oinc r,ritfU
EUU8 sternly. , llecelpts. 0000 eases. Elv '.'
Iras. 43WW44P. cutra flrsts. 4v In.ldel, "T'l
firsts 4lw42Uc seconds. 3nt4f4! dlr -rvi
Ilea NO. I MhllMhc: No. 2 .10f31Vi(
checks, 37rsc, atae and nearby hennery -I
,,,,-, rt,won,-. KMlJir.,-., -vnilJI, SIISIV. ' 1 v Tl
Pnclflc coast whiles. 424S-, western aoii i'tl
eouinrrn irniirs rninrrrq. .ifnc slat D.a .
nearuy hennery, orowna. Tj:, Inside; mlxel i" ".if-'
co!J.,T2-is.i!L ... !?fl.S
iibcnb iirm. jbrveinis. ..i uon ixixes.i (.'
Plate, whole mlllr. colored, aneclala. ajUcTi K.
IniM.) flat unit AdSi Ih.M., M.4 HM. W
ured. averase mn. SSOSSVin fiat while, if h
averace run. SV. 'Inside: twins, curreaw.r
make, specials, 870118c. ;
I ! I l ' tfi. ,
CHICACO BUTJER AND EGC5;,V
rhlrazo. March 22. IIUTTE11 H,
1080 tubs. Kitn, 034,e; flrta, f
ECH1S Receipts. 13,039 cased
JtfJ
VOVVfii t4m
1 "5
Jfflfci
T"3
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r
1iij
A
i
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