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EVENING PTJBUG , LEDali PHILADELPHIA, VYJEDESDAY, APKIL 2, 1919
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GOSSIP OF THE STREET
LOCAL FINANCIERS
FOR EARLY SIGNING OF PEACE
Banker Says He Understands From Good Authority
That Progress Has Been Better Than Some .
Suppose Gossip of the Street .
O'3 0t "' qucsl,ons n,os' frequently asked In the Hnanclal district
yesterday had a direct bearing on tlie peace treaty and the negotia
tions In progress In Paris. It Is evident that If something tangible doesn't
happen soon tho manifest uneasiness under the surface may show Itself
In the form of outspoken irritation at the slow progress -which some
think is being made toward a final settlement, which every one says will
be the signal for a real resumption of thus country's industries. One
r banker, when speaking on the subject yesterday, said ho understood from
good authority that tho progress being made, toward a final peace was
very much better than most people Imagined and that, as far as the league
,' of nations was concerned, he believed It was a-finished document, but was
, awaiting the peace treaty. -
' No one, he remarked, who has not had a European experience, where
dealing with a number of different, nationalities in as many different
languages and each with his own viewpoint, can appreciate what the
members of tho Paris Conference are up against. '
A well-known broker who was listening to the discussion asked
what would happen if Germany and the central powers refused to sign
tho peace treaty, or accept it when requested to cdmo to Versailles for
that purpose. He answered his own question by saying that tho only
t thing tho Allies could do would bo to seizo tho country, take possession
. of ports and custom houses and apply the screws of an economic blockade.
,( Irv fact, he remarked, it would simply mean fighting the war over again,
with every advantage on the side of tho Allies, including a thoroughly
equipped army of American soldiers, numbering about OO.OOO, with
. Germany's fleet disposed of and the fleets of Great Britain, France and
theUnited States Intact. He said he gave no consideration to stories
- about Germany's refusal to accept. That would spell the end of Germany
,8 a nation, he said.
Short-Term Bond Sale Interests Financiers
a
, Among the leading banking and investment houses yesterday after
noon the subject which was uppermost was the formal offering made
this morning for subscriptions to be entered with the Federal Reserve
banks for the issue of $200,000,000 Series A G per cent gold bonds to be
sold by the war finance corporation.
WAR FINANCE CORPORATION
SERIES "A" 5 GOLD BONDS
Dated April 1, 1919 Due April 1, 1920
Coupon Bonds in Denomination of $1,000
Security:
Discount"'
and
Re-discount
Rates:
Assets of
War-Finance
Corporation:
We solicit subscriptions, subject to allotment, at 100 and
FRAZIER & CO.
Broad and Sansom Streets
Philadelphia
$200,000,000
i
, War Finance Corporation
One Year p Notes
Dated April 1st, 1919-Due April 1st, 1920
Interest payable October and April 1st
Free of Pennsylvania State Tax and
Normal. Income Tax .
The entire capital, $35(y)00,o6o.00,o'i
tfre War Finance Corporation is owned
by the United States Government. '
We solicit subscription, subject to allot
riienl:, at par and accrued interest.
ARE ANXIOUS
- .Free of Penntylrania State Tax and Normal Federal
The act creating the Corporation provides that all Bonds issued by the Corporation shall
have a first and paramount floating charge on all assets of the Corporation, and" that
'the Corporation shall' jjot at any time mortgage or pledge any of its assets. These
assets include not, only such as may bfe obtained from the proceeds of sale of fhesc
Bonds, but also those obtained from funds raised through subscriptions to capital stock.
The United States is not liable for the payment of these Bonds nor the interest upon
them, v
t '
The United States ot America has already subscribed to $350,000,000 of capital stock
at par.
Federal Reserve Banks are authorized, subject to 'certain limitations of the Federal
Reserve Act and regulations of the Federal Reserve Board, to discount the direct
obligations of member banks secured by the Bonds of the Corporation, and to re
discount eligible paper secured by the Bonds and endorsed by a member bank. No
such discount or re-discounts, however, may be at an interest, Charge of less than
1 per annum above the prevailing rate for eligible commercial paper of cor
responding maturity.
The general balance sheet of the Corporation as of Match 19, 1919, shows assets
of over $356,000,000 and practically no liabilities excepting the capital stock, which is
junior to these obligations.
COMMERCIAL TRUST COMPANY
Member of Federal Reserve System
City Hall Square
The following are tho terms of the Issue under which subscriptions
will bo received, and wero mailed to financial institutions last evening:
"Bonds will bo issued in denominations of $1000 only, In bearer form,
will bo dated April 1, 1919: will maturo April 1, J920, and will bear Interest
from April 1, 1919, at tho rale of 5 per cent per annum, paynble semi an
nually on October 1 and April 1, The principal and interest of tho bonds
will bo payable in United States gold coin of 'the present standard of
valuo. The right Is reserved to reject any application; to allot less than
tho amount of bonds applied for, and to closo tho subscription at any
lime with oi' without notice." Payment for bonds allotcd may bo made at
once and must be made within tho period fixed in the notlco of allotment,
which will bo malted to the subscriber. Upon payment, Federal Iteservo
banks will issuo interim receipts pending delivery of tho doflrhtlvo bomli.
"Incorporated banks and trust companies and such dealers In Invest
ment securities as shall bo approved by the federal Reserve" banks will
receive a commission of one-eighth of one per cenUP' tho face amount of
any bonds of this Issue, when duly paid for, which shall have been allotted
to or through such banks, trust companies or dealers. This commission is
to be payablo in each Instance within sixty days after the allotment has
been paid for in full.
"The act creating the corporation piovides that all-bonds Issued by
the corporation shall have a first and paramount floating charge on all
assets of the corporation, and that tho corporation shall not at any time
mortgage or pledge any of Us assets. Theso assets Include not only such
as may be obtained through the proceeds of sale of these bonds, but also
those obtained from funds raised through subscriptions to capital stock.
The United States is not llablo for the pajment of theso bonds or the
Interest- upon them.
''The tax exemptions are similar to those pertaining to- the Treasury
certificates of Indebtedness.
"Tho general balance sheet March 19, 1919, is as follows: Assets
Cash deposited with the Treasurer of the United States and tho Federal
Reserve banks, $13,831,406; loans to banks, bankers, trust companies and
savings banks, $3,912,67": railroads (which include $30,000,000 to the
director general of railroads), '$11G,555,270: public utilities. JdC.781.S00;
industrial corporations, $636,652: cattle loans, $6,790,772; total loans,
$154,677,271. Investments United States Liberty Loan Bonds, $184,584,
618; office furniture and equipment, $8671; accrued Interest receivable,
$3,694,519: total, $356,816,307.
"Liabilities Capital stock, authorized" by war finance corporation
aot, $500,000,000; less subscription by United States of America, subject
to call by the directors of the corporation, $150,000,000; balance capital
stock, $.150,000,000; earnings, $q,780,122; interest collected in advance,
$36,264; total liabilities. $356,816,387.."
These bonds are the first to be issued under the war finance corpora
tion act. The receipts of tho issue will be used by the corporation to- pro
vide for railroads and meet other demands. Under tho law tho war
finance corporation may issue up to $2,100,000,000 of bonds on the basis
of Its paid-in capital Block.
Income Tax
('
accrued interest.
'.
Philadelphia Markets
CRAIN AND FLOUR
wWiIBATTnreell- 277.788 bushels Prices
iht . .IV1' maintained. follow Inir are
Eovernmi'nt standard InsDectlon standard
rmrih.T0, ,' rtd winter. $2.30! No. 1.
aaofrt.,I",.,n- .-& No. 1. hard winter,
No T VVi ' .r.ou .w"ier. garlicky. $2.37:
..?-.V- -r.d amuttv. 12 3fl! No 5. red winter.
hard Vint., t",5i,h CP 'W'""., 2 3": No. 2.
fickv to "S'x.,8-?,,li No. a. red winter, tar
red WiiSi! S-.S- & "niutty. J2.33; No. 3.
i' aowlS.'5r-. 'r-M: No. C. northern rnrlnr.
Sl!.32:
-wlntVc ! ,: ,'""". winirr. '.J: o. a. red
t'VB?' r??r".cky- J--5!!:No. 3. red. smutty.
S'nR. wh0- "1- JD 30!, No. 4. earllcKy.
Siv"''. n!' : No .4, earllckv.
w. n. nara w nter. I5.n'r N 3 frt
'lUUliy. IVfl' Wn K A ft nil .-
rarucKy, $ im. No r,. Rmnttv in.Nn e.
KariicKv amuttv. 12 '
kt i5fi R5',pS"v. w bushels. The mar
w 5a"Sed "it3c under light offerings.
??i!V.?nland Wtt on'y moderate. IVe quote
.mmV 'A?1" '?,'" ror 0CI11 ,r'1. to
Aj-rV Io."n. at 1.70tl.7.
angHTnec'i,,,., "so buthels. There aa
Kht .i?1"? ot-,r ln "' market, due to
t oni- "'" nl a fair demapd. Quota
iiTBiS l0.'" 1" L location No L- white.
? lS7.8c:-?U5Jal'rt whe- 7S7.T,r. No
78 'ic ''74'c. No. 4 white. 7J'a
PIjhtTri ray.-i,. , eaa.-.. .
?acKS. Mill Umlta i,rn tlrmlv iUtt. In.l
?oiln,vrVXva" ",ulc "-adlntr. The quotation
-w .'iiijif, ir in iur. n iin,
clear. tfliA,n
UYE FliOLIl rilte.l nrm !.,,, ,.( -
Sualfty' ,88-!0 wr carrel In oacks, aa to
PROVISIONS
mJh.'J'.. w"s.n fnlr Jobbing dunand and
In .., n"e ",t('hly held. Quotations: Heef.
i,,.-T,i m?1",il and alr-drled. 40c; beef,
iinuckles and tenders, anioked and alr-drled,
i,',rLiBfk- ""Ji'X- ! barns. B. V.
fuetiiimS- 82033,.: do. skinned. Ioo
I n 1.5 il a,- Uol "niolted. 3(IWS(!V4c: hama
e?,-.,i' ,boneleS2- 41,ci Picnic shoulders. S. P.
irvii: l0,e- -e,k.60- moked. 27c: bellies. In
lanS 30c ' breakfast bacon. 37c:
REFINED SUGARS
..TJi" lJla..rl'f,t wnn i"1" aIld unchanged on a
oain of tic for fine granulated.
DAIRY PRODUCTS
n.,'.liE8B"""Jrhe nint( ruled steady with
SnSfSi!equ,,1.t0 'e 'United offerings. Tho
ShiiM-ViV New VorU ttnd Wisconsin,
whole-mlllt current ma,ke. 3334c: New
?..?? "'iHci specials higher: New York and
' .,fS.ni','!,.,1i?le-ml,k. fu'r to good, JJM.ll,!..
acarcity. Demand as equal to the offerings
wuoiattons; holld-puclrjd creamery, extras.
oic: aconne 8f70c. tlie latter for Jobbing
sales; extra firsts, U560c: fittls, tljaeic,
seco.ida, C9ic, seet creamery, choice tu
rancy, 69071c. do, fctlr to eood. 3atl8c;
fancy brands of prln'-e Jobbing at 73073c:
fair to good, CJ71c.
EUdS n,mnil i. a a .n.il n.l - ..t.-.
ruled firm at the late advance with supplies
well, under ontrol The quotations ranged
as zouows: l-ree cases, nearby firsts, $la rtO
per crate; current receipts, 112 0214: west
JinJn,?xtCa nrst"' '12.00; firsts, J12.45W
12.u2'4 ; fancy selected eggs Jobbing at itis
49c peruozen. '
POULTRY
v.J'IV,?"7s!i,)p"eV;e"; ema" H"d the mar
ket ruled firm with demand falrl actue.
Th quotatlors: Towla, Ma cxpresa 40W
l.c! broiling chlcke-ls, faAcy. aofrmeatcd.
chickens, soft-moated, larger sizes 89Uoc:
ataggy joung roosters. Sue: old roosters 2i
-.. w..m, -vn.M. -,ri..,. uuuan, inoia
iuniicr. .luwuc reeae. ouc: .masons.
old.
-.a -,- r-. , :t . "
vr vii uVi viiwiiii lUUDE,
pair,
B P.IIA
DRKSSED Fouls ere scarce and 1c
nigtier. wltn demand readily absorbing all
offerings. Other klndu nf lulin. ut.n., ...,
Uttla change, rollowlnir were tnl quotations: I
i.9Vf. frfsn-ktlled dry-picked. In boxes
Weighing B lbs and over apiece. 38C: weigh
ing 3Vi 41s lbs . 89c; welghlnr 3 lbs., 30m
S7o: smaller sizes. .1116 31c. Fowls, fresh
killed. In bbls , fancy, dry-picked Weigh
ing (i lbs. and over apiece, 38c: weighing
MW4V. lbs.. 311c, Bmaller sizes! SO84r
Old roosters, dry-picked, 27c. Kquabs per
dozen White weighing 11 to 12 lbs. per
dozen, $8.73W0 30; whit weighing I) to 10
lbs per dozen. $7 738 30; white, weighing
s lbs. per dozen, $H.107; white, weighing
7 lbs. per dozen. $3S(i3 30- white) weigh nl
0 to 8H lbs. per dozen. 13 P 3 r,0; dark! 81 3u
2: small and No. 2. 73c$2. ' ",ou
FRESH FRUITS
Demand was only moderate, but values
generally ruled steady on choice stock. Quo
tations: Apples, New York, per bbl.
Baldwin. $710.t0: Greening. $8i?10; nut
sets. $7O7.D0, Apples, Pennsylvania nnd
Virginia, per bbl. Den Davis. $7,75:
Oano, $7.60S?9; Wlnesap. $10.50H.Bo!
Rome Beauty fancy $10012. Apple's, west
ern, per box, $34.73, Lemons, per box,
$1.S303 95. Oranges.. Florida, per crate,
I84JT.25. Oranges. California, per box.
J2.30IB 0.30. Grapefruit per box, $2.10J
r.0. Strawberries, norlda, per quart, 23
63c.
VEGETABLES
Tha market ruled firm on choice atock nf
most deacrlptions with dsmand equal to the
modtrate offerings. Quotations) Whits pota.
toes, Jeriey, per ? -bushel hasket No. 1.
0S75c; No. 2, RoeaOc. White potatoes.
Maine, per 100, lbs., $2.232.83. White
potatoes. Pennsylvania. No. 1, per 100 lbs.,
$2.2302.O. While potatoes, western, per
100 lbs.. $202J!3. White potatoes. New
York Per 100 Ibi 2.232.40. White pota
toes. Delaware and Maryland, lloosltr, per
10(1 lba.. $1.7B2. Mweet potatoes. Jtrsey.
per basket No. 1. Il.TSOS: No. 2, $1.60
1. 00. Sweet potatoes Eastern Snore, per
bbl.. No. 1. $340. Sweet potatoes. Dela
ware and Maryland, per bushel hampeV
No. 1. $2.78: No. 2 I,JI03, Cabbage.
Danish eaed. per ton. $B1 . Cabbaije.
outhern. per hamper. $SS.23. Onions,
jpllow. ptr 100-lb. bag. $23,o0.
DUTtER, feGGS AND CHEESE
Vur York. April 2. HUTTER steady. lie.
relpta. 98BI tubs. Higher-scoring,- ni
67Vic: extras natrenVic;
seconds. (llfflMVic: state d
Itatlon creamery. 40OriOc.
; uniLi, mu ito'dc.
uairy, divibjci n
i-UUB gooa. Biroug. jvn-eipiv. wito rases
Extras, 43o Inside: -tra firsts, tali 44c
Ijuab good, strong, jvec
TCvtrns 43a 1nstd! intra
first northern. 4Hi 43o: firsts. soUl
iiiVt 42c: firsts, 48 44-: seconds,
43c; dirties. No. 1, 80xlUei No, 2.
euuwierij.
41
H1Q
S8e: checks,
1! No
87O8S0 No.
He J
state -and nearby hennery vrhltei. fll052o;
aatnereo rrnices. inuow. ""win '
Shoo: western and south.
.., -.o,r,f v,hhm. aatxniio; svaii, ,
nearby hennery brovrne, 4f OsTci mixed color,
BII
) i;itisfc.3s irreruiar. icereipis.. .oh noses.
Laie, wnoie
current make,
illSii "J"WlnLer flhts. western.
III !ioffl,i'iVi!,3,'.l,,B0i d0- aht patent.
l'0?doS-1,K.?h"r?l"'t- "
a.uw y a ,,,u uu. 411PL
lie milk.- specials. 32 tUJlci flat.
k. MiMtet.,llSV4c. lnjldt flat,
teurMntwakB.v vilt.jSjsM'
U. S. INDUSTRIAL
n A nn ni a t Ainrn '. hp.m2o.ioi heavy weight. ,wm&
Kit Alt I I VI A V llllli""" medium wrleht, I0 S02i.15. light
Dlfilll lTlri I VfUlU w,h. lo.ar.W'.'oria lidht lights .iMf
VAVt' HU i IB IIS 'sows. !1T T.tCCIOMi plftn. 17IJ18 2S
Cabinet Meets Purchasing
Agencies lo Consider Gov
ernment Attitude
DISPUTE HAS ARISEN
Controversy Caused by Rail
road Bureau's Refusal to Ac
cept Fixed Prices
By the Associated Prfis
Wellington, April i. Member of the
cabinet nuil lieatls of the government
vurehaslng agencies were called by
Secretary Glass to meet at the Treasury
today to consider whether the plan of
readjustment of prices through the In
dustrial board will be adhered to by the
goernment.
The meetings Is nn outgrowth of the
dispute arising from tho alleged rcfusel
ot tho railroad administration to accept
the prices agreed upon for steel and
coal. Thero hae been Intimations that
unless pome agreement can be l'.cached
the Industrial board will go out of
existence on the ground that without full
government support for the voluntary
price levlslons arranged by tho board
It cannot enlist the support of the
public.
President Wilson, appealed to by
Secretaiy P.edfleld to adjust the con-
1tioersy, has not yet replied to the
Secretary's cable.
Ilallroad administration officials inti
mated today that a relum to the old
system of competllhe bidding for rail
road coal contracts might be tbo out
come of the attempt of mine operators to
force the administration to pay the same
prices for Its fuel as the public There
was no denial that the price scale agTeed
upon by tho operators and the Industrial
conference board of the Department of
Commerce was not acceptable to the ad
ministration. During the war the railroad adminis
tration In 'many Instances purchased
fuel at marltet prices because of deJre
to stlmujite ptoductlon, but now, tlnce
that necessity has passed, tho conten
tion Is made that the railroads are en
titled to reductions formerly glen by
the coal operators because of the Im
mense purchases and the elimination ot
a great part of the marketing expense in
selllnk- to railroads.
Financial Briefs
Tho Xew York Subtreasury lost $834,
000 to the banks yesterday, making a
cash net loss t,lnco Friday of ?2,22H000.
Charles M. Aslltou has been
re-
appointed cashier of the Glrard National
lianK. wmen position ne occupied prior
to July. 1918, when he enlisted for serv
ice In the Young Men's Christian Asso
ciation with the American army In !
France. Evan lUmdolph, vice president, ,
relinquishes tho ofllce of cashier which
he assumed during the absence of Mr.
Ashton. A. TV'. Plckford, formerly as-1
slstant cashier, has been elected a vice
president. '
The underlying bondholder of thei
Southern Traction Company, a subsidiary
of the Pittsburgh Railways Company,
have begun legal proceedings for the
foreclosure of the 54,000.000 worth of
first mottgage bonds of the company. 1
Trahsactlons in stocks on the N'ew
York Stock Kxchange during March
totaled 21,719.400 shares, an Increase of 1
13,459.400 shared compared with a vearl
ago. 2,800,000 over 1917 and 0,707,871!
over 1910. I
Pittsburgh bank clearings for March I
were $590,931,723, against $300,679,712
a year ago.
Assets of the Geunantowu Trust Com
pany haft-e passed tho $10,000,000 mark
and trust funds the $20,000,000 mark,
both being new high points In the com
pany's business.
Announcement was made today of the
establishment of a trust department by
th Mechanics and MetalB' National Bank
of Xew York The new department will I
operate under authority of the recent:
amendment to the Federal Reserve act
which permits national banks to act
as administrator, execbtor. trustee and
in other fiduciary capacities.
J.H.Mc Cullousk &Son
AUTOMOTIVE AND GARAGE SUPPLIES
the K. W. Autolock
Switch for Fords
Not only protects your
car against theft, but
being approved by all
insurance companies,
lowers the rate $15 on
new policies.
Price, $3.50
219-21 N. Broad Street
Wm co-opcrafe with your dealer.
Buy through him.
PHOTOPLAYS
THEATRES
OTVNED AND JIANAOED BY MEMBERS OF
THE UNITED EXHIBITORS ASSOCIATION
BELMONT 5SD AB0VB MARKET
PAULINE FnEDERlCK ln
"SOLD"
CFDAR 60TH CEDAn AVENUE
h. n. wai.thAi.i, in "
THE FALSE FACE8"
nrl ICCI IM mahket between
CULlOt-UlVl noTH AND BOTH
KTIIEIj CLVYTOKln
'MAGaiK PEPPETi"
l--i MlAI 0,n' Maplewood Avea.
CUl-JINIAU vilnnd8:18P.M,
ETHEL, CLAYTON In '
, '.'ilAOOlE PEPPER"
mmrtA 40TU k MARKET 8TS.
tUrUlrvrt MATINEE DAILY
HKSH11H IfAYAKAWA In
THE TEMPLE Of THE PUSK"
FRANKFORD TW mnk'or,, AT-
I? ll,i.iA ha" 1 in,
"BREBD PP MEN"
LIVESTOCK QUOTATIONS
Cltlrato. April 2. 11008 Receipts. 17.000
llfftcJ
Market strong-, luosiiy nc nigncr iun
eterda)
overage ' Top. $20.1(1: bulk of
l'ATTI.t'I.llalntl 1(000 held flund'atul
iholce beef steers and "she'' stork stesdv.
bulls slow to lower; rahes 2.V higher feed
ers stesdv. ncy brcf steers. lt aim
20.40, light beef steers. IIOE18.r,Oi butcher
rows and heifers 7, 4iiT 1 . SO; canners and
cutters, tA.iisoin, m cahes, iawlr.2..
stocker nn'l feeder slvers $8.21i Kt '"
HHi:t:i' lterelpts. X0O0 head. Market
mostly J.'c higher. Prime t'olorado-fd
wonled lamb". t20.AO. prime shorn lambs,
flT.,-,0 shorn 'ws. 12.7:i. Inmbs. 81 Potmdt
or less. JIN JiOT 2(.r,0, el pounds or better
118020 4(1: culls. 114018, ev(es medium
and good, $12 234T IS.tiO; culls and common
$0012.23.
Kansas Clly;, !., April 2 HOdS He
telpls, 14,0011 head Fairly arthe and gen
erally steady, with esterday's lKst time:
quality fnlr Pigs lc to r,0c higher Hulk,
Jln.MiBlo 8.: henWes. $in.8o20, medium
weights. $lu,(1091ti Ii3. lights, $10flti 73;
light lights. $1M 30 111.23 packing sous,
lis r,nm r.o: pigs, tnur in.
PArTt.T: necelnta. DOOO head inH 1000
calves Beef cattln and botcher stock steady
10 sirona: canners weaa in l-.-ic lower! eai
I cales 3oc to II lower; stockers and feeders
sleanv in weak. llenvv beer Mteer tliftj)
1B.23, light beef steers, in 8.I1SI7 uo. butcher
cows and neirers, u ow i. 10 fanners
ana cutlers, .', T"u: vest caixes, iiosr
13 30. stockers and feeder steers, $8.10
13 83
K11KHP Itecelnts 7000 head Killing
sheep slow to 10c lower-than earl opening
Others steady. Lambs. 84 pounds nr less.
$17 23S20 Hi, 83 pounds or more. 117 lnij1
20 10, culls and common. $14 30jri7 30,
ewes, medium to choice, 113 25t?13 23; breed
ing ewes. $10.50818
Kat rtuffalo. April 2 CATTt.F. He
celpts. 700 head. Steers slow
UAI.VKS Uecelpts, 2r.o head Market ac
tive. r,0c higher. $3fi20.
HOQS Hecelpts, 2000 head Market ne
tHe, pigs $1 higher; others 3nicTR3c higher.
Heaiy. $20.73. mixed. $20BOB2O73 ork
ers. i20,oeP20 73: light rkers. 120(320 30
pigs, $19.73820, roughs, I1718, stags, $12
(313
HHEEF ANI1 t.AMOP Hecelpts. 2000
head. Market steady. I-ainbs. $13fi20.40t
earllngs. $121B, wethers. lltlMin 30;
ewes. $7613. mixed sheep, $13H713 30
Pittsburgh, prll 2. HOGS Receipts.
1000 head. .Market actlte. Heavies and
heavy jorkers, I20.2SB20 83: light orkers.
1196)111 30, pigs. $lei9 23
clIIEKP AND I.AMtlS llecelpls 800 head.
Msrket steady. Top sheep, $12; top lambs,
I'AI.VKH Hecelpta 203 head Mark'-t
slower. Top, $ltl.5017.
,( louK April 2 HOQS llecelpls. 11
OOn sad. Market higher. Lights $19 83f
20 13. pigs. $14 73W18.75: butchers, $19.03
20 .13. hMv, $20 23020 33.
ATTM: Hecelpts. 6000 head Market
steady Nati.e steers. $11 30 18.30; heif
ers. $n ,',0'n 111, cows. $iu.so?M3.30: stockers
and feeders. $10SU3..',O; cahes. $7.7Sfl8
SHEEP ItenelptB, BOO head, JIarket 138?
23c higher. Lambs $20C20.23: ewes. $13
if 14.30.
SECURITIES AT AUCTION
The following securities wero i-old at
auction today by Barnes & Lofland :
STOCKS
Shares
,803 National Utilities Co. rombion
par $10 33.B29 shares Na
tional Utilities Co common
par $10 (rlsht. title and In
terest subject to agreement of
,,, deposit) Lot 5300
,u , uiinueiiiu,i , ompuny lor uuar
anteelnir Mortgages: par $100
1 Insurance Company of the. state
140
01 i-ennsyivan a: par siou.
80
31 United New Jersey Hallroad and
1. anai Co.: pur lino
1SS',
1 jonn li. stetson Co common, par
,U1, , , , .
323',
323',
323
1 jonn 1. stetson ro; common, par
tiun
3 John 11. Stetson Co. common, par
litm ....
200O KlmberK Consolld,,-., Mines Co,
pr 1 1 ,
.,0 Standard Cotton Co, uf America;
par $10 Lot $.!
.i0 Hush Motortruck Co preferred.
par $100 .. . Lot $1
nt i-niinueipnia nourse preierreu; par
$23
tll'j
.1 lve atone watch Case Co ..
I 1000 Atlantic City anil Chel.eu Im
provement 10.: par $30..
10 People's National Fire Insurance
Co. , par $23
700 Domo I.nko Mining and Milling
Co.: par $1
t'
20
le
0 Corn Kjtchange National Hank,
par $100
1 Philadelphia Trust Co.: pur $1U0.
11 Fidelity Trust Co.; par $100
20 Lucan Trust Co., par $100.. ..
.IIS"
323
130
IIONDS
$1 100 Countt of Camden, x. J . 4 per
cent. Coupons January and
July. Duo January. 1944 ..
7500 Penna and Md Steel Co , 3 per
cent. First mortgage. Cou
iions Jununry and July. Hue
1937 .
I11OO KaMun Consolidated Klectrli
Co.. 3 per cent Collateral
trust morls-nee Coupons Mav
and Noember Hue 1040.
1000 Columbia Club of Philadelphia.
90
ol
o's
., twr cent second mortgage
Coupons February and Au-
BUSt. Due 1030
.'3000 Oil and Oas Utilities Co . II per
cent. First mortgage. Cou
pons May and November. Due
1027. $7300 National Utili
ties Co. (1 per rent. Col
lateral trust mortgage. Cou
pons April and October. Du?
111 'ti . . -ot 3
30
3330
it'll uu ana una rilllliea I ,,.. 11 per
cent. First mortgage Cou
nonh May and Noember Due
1027 Lot $300
1S7000OI1 nnd ties Utilities c . 0 nc-r
cent. First mortgage. Cou
pons Mav and Noember Due
1H27. $30,000 National Utlll
tl'H Co., II per cent Col- I
lalvral trust mortgage Cou
pons April and October Due
10211 .Lot $1000
1MI0O Oil and Oxs Utilities Co , I! iwr
cent. First nnrtgaee. Cou-
1 pons Mav and November Due
' 1027. $11,300 National Utll'
tles Co.. f. per lent Col
lateral trust mortgage, I'tiii
nons April and October Dae
1920 Lot $1000
1'IIOTOPIVYS
I II IMD"k FHONT ST,
i. OIRARD AVE.
f Jwmul Jurabo Junction on Frankford
X."
PAULINE rREDEItlCK In
"THE ETERNAL CITY
LOCUST ta'o,
Hir.I.IK IIURKB In
GOOD GHACIOUS. ANNABELLE
NIXON
62D AND MARKET BTfl.
StlS. 7 and O.
J. W. IvKHniUAJM in
COME AQA1N SMITH"
DAP If RltU Ave. and Dauphin St.
rAIIV Mat. SilB. Kv.0:l5to 11
HAROLD I.OCKWOOD In "'
"THE-GREAT ROMANCE
D lOI I WD AND SANSOM ST8.
JtlVV.l-l MATINEE UAILY
DOROTHY DALTON In ""''
EXTRAVAGANCE"
JTRANin OBaiMANTOWN AVE.
O 1 rvrtrNLf AT VENANOO
WLLtB BURKB In -"H"
"QOOD ORACIOU8 ANNABEIJCE1"
W AUTOLOCK If
B j infos n
CUT MIDVALE DIVIDEND
Reduction to $1 a .Share No Sur
prise to Financial District
Directors of tho Mldvnlo Steel and
Ordnance Company today declared a
quarterly dividend ot 1 per share on
Its stock, placlnc the Issuo on a $1 per
milium basis, .s.ncc the inaucurallon of
dividends on February 1, 1917, tho com
pay hap been distributing M.nO per
sliare tiartcrl., or at the rate of $6 per
annum on the lsue.
Tho dividend Is paynble May 1 lo
loldrrs of record April 15.
Announcement of tho lower late
caused no surprise in tlie financial dis
trict, as It hurl been expected, ntid there
lo,re had virtually no effect on tho price
of Mldnle shares.
The i eduction reflects the small cash
talance on hand on January 1 of this
ear as compaied with that of the pre-
ious year.
In tho annual report, which ramo out
Mondas-, the balance sheet as of Decem
bfr 31. 1918, showed cash on hand of
$8,42tp,48C. ajralribet 18,833,078 on De
cember 31, 1917 ,
LOCAL MINING STOCKS
TONOPAH STOCKS
, Hid Ask
Jim rtutler . . . . RO 33
MacN'amara 3s, ri2
Midway 31 3,1
MlzpalL Extension Oil ux
MontanA lit h
North Star . 07 no
Itescue Eula 07 00
West i:nd 11; A
tlOI.DFIHI.I) STOCKS
Atlanta . 03 nr,
Hlun Hull 01 US
Hooth 30 ;i,-,
Dlamondtleld It II 01 III
Palsy oj 111
K'wanns n-, nil
Oro . ot m
smer Tlrl In .!
fpearhead 13 iif
MISCULINEOUH
Arizona Pnlted 23 "
Neada Wonder nn to
Tecopa Mining 12 n
Lherpool Cotton
I.herpool. April 2. Spot cotton was
quiet today with prices, steady on the
basis of on advance of 9 points for mid
dling, old contract, at 16.0td. Sales
were 4000 bales. Hecelpts wero G000
bales, all American. Futures were steady
In the early ileallntrs. Spot prices were:
American, mlddlinp; fair, 18.40cl: good
middling, 16 97d: middling. lR.OCd: low
middling. 1-t.DCil ; Rood ordinary, 12.91d,
and ordlnnry, 12 38d.
li V
Do Your Affair sTake You
Into The Retail District?
You will find this a con
venient place to keep your
checking account. We are
at the head of the retail ;
district across the square
from Wanamaker's.
Commercial Trust
Company
City Hall Square, Broad and Fifteenth Sts. y
1 111 s 11 --
Member Federal Reserve System
PHOTOPLAYS
PHOTO PIAYS
through
which is
ORTAiurn
7-2!25fuc,,
8&4
the finest
ROOKiMr. tr
in your
tORPORATION,
Alhambra
12th. Morris H 1'nnyunlc Ave.
Mat. Daily at 2: Lives. 0:43 ft 0.
l.ut'lM lii;?i."S'iMu: in
"Sl'UEUV MKAC"
A DH1 I O 52 AND THOMPSON STS.
ArULLU MATINEE DAILY
ninriA riAHA in
"THE DAUL1NG Oh' gAHIH
ARCADIA
CHESTNUT Below 10TII
Hi A M to ll:10r. M.
KLHIIJ Fi;tlUl'KON In
THU MAKltlAGK 1'HICE"
BLUEBIRD
VA5
HItOAD STREET AND
SUSQUEHANNA AVE.
TIlYM HP rATK"
ft , jlzsz:
2 DDrtAnWAV Broad f Snyder Ae.
Uiw-'.rxis ivni :. o:iss.a i; si,
FHCn STONE ln
"JOHNNY OCT YOUIt GUN"
CHESTNUT HILL
8350 (Jerman-
Um n Avenuo
MAY. ALLISON In
"HEP. INSPIRATION"
I71i1DDn'QQPIAI ST" MANAYUNK
tlVlriNlinjOJ MATINEE DAILY
ALICE BRADY In
"THE HOLLOW OP HER HAND"
FAIRMOUNT n!?
fLARA K. TO UNO In .
CHEATINO CHEATERS"
I FAMILY s
ATRE 1311 Market St.
A. M to Mldnlfiht.
IIATtrtV PARMV ln
A FIOHT ITOR LOVE"
aCTU CT THEATRE Below Spruce
JO lrliJl, MATINEE DAILY
CONSTANCE TALMA DOE In
THH LESSON"
one AT MnDTUCDM Broad St. at Erie
UIMTH iwiviuuiui t u u P. M.
FI-ORRNCF REED ln"
, "WIVErOF MEN"
IrVIDtTDI AT fT WALNUT STS.
VivvLXr- Mats. 2iSO., emu. TftO.
EVELYN GREELEY in
"TEMPEST AND SUNSHINE"
LEADER
41ST LANCASTER AVE.
MATINEB DAlr.V
rMlici,r.z piHisvn in
"THE -WINNING QIRL" HOUDINf
BUSINESS NOTES
Ro far ns can be lenrned In nnnrleM'jj ,,ir ,
inui. niiuuiu uo lvni iniorrneu on mu "4" f ic jA i
Ject thero Is no foundation for the 8ta(.? Jwf
ineni mat rranco euner recenny iwi'
purchased or Is inouirlng for In .tol'
country a substantial steel rail -tonnage.
such information on tne subject an lis
available is entirely' to the contraryif
It lias been persistently rumored In'
the South that tho United Fruit Intended
entering tho lumber business on n largnj
scale, inoIvlng tho purchase of seeral
large timber tracts In Florida. It was
ptated, for Instance, that a large (inemy
owned property had been acquired ;at
Jlllhille, Fla. i
.Manufacturers of fire brick In (lie
Pittsburgh district announce a 10 per
cent reductions ln prices. i
""""" " J f
Pending h more definite ruling trim
the Bureau of Internal Tlevenue the lie.
tall Millinery Association of America
has advised Its members to be prepared
to pay' a tax on millinery ornaments
which may fall under the Jewelry tax
eiaufee of tlie revenue bill. This tax went
Into effect jesterdaj'i
Cotton goods evporlera any the mer
chants of Cuba, Central America arid
Porto Illco need supplies, but fearing
lower prices they are not disposed '.to
buy In a largo wai. Dealers ln CuHh,
It Is said, have been buying below tfitlr
normal roquliements for the last tyeb'e
months, anil recent offerings of' goods
at low prices by American jobbers have
made them unusually cautious about
plarlng orders In the United Slates-
(I
Foreign Metal Prices . 5
New York, April 2. Cables adUces
received at the New York Metal Ex
change this morning quoted prices" n
London: Tin spot 219 pounds. 10, shil
lings, off 7 pounds: futures 217 pounds,
10 shillings, straits 220 pounds, "-.both
off 6 pounds In shillings. Sales spot 'lid
and futures 160 tons. Standard copper
spot 80 pounds. 10 shillings'; futures 79
pounds. 10 shillings, both up 1 pound,
10 shillings. Sales 175 tons.
f
Refined Sugar Continues Quiet
New- York, April 2. Refined sugar is
unchanged at 9c, less 2 per cent for
cash. The demand continues qulet
Haws aro unchanged at 7,28c, dellvcreO.
'J
tr
rnoTorLAYfi
The following theatres obtain their pictures
the STANLEY Booking Corporation,
a guarantee of cartirhowing ol
productions. ,Aak?fcriia
locality obtain
e, theatre
itettftlSIf4tlrouii
the Stanley Bookinj;Corppratlqn.
-Sjj
ii
...... ,('lt . 1 ; .1 j . -j
Tt
: 333 MARKETCSJ-llKJ
CIJXIK Kl
k'i VOUN
3UNO'ln
yH"?"
-yiiijAxmj'
if CJKATElS,,
MODFI B.SOUTe'- Orebtstra,,
HIKJLEA-, Continuous 1 to 11. 7
ANITA STEYARTln
'VIRTUOUSvWlVES;1 x
OVERBROOK 03D polfca
VKiiay iivriten 1 U"AV&
"THi: GIRL WITH NQ REGRETS'!
PAI ACF 12U MARKET STREET
i ir-i to A, M to ll!15 p a
K. HAltT
'THE
POPPY OIRL'8
HUSBAND'
PF A7A BROAD AND
1 O'-" PORTER S1REETS
STAR CAST In
"Cillll. WITH NO REORETS"
PRINCFSS ,01S MARKET STREET,
TOif MOORE In
"GO WEST, YOUNO MAN" "1
RFCFNT MARKET ST, Below ITTH H?1
ANNA N1LLSON In ' , v
"THE WAY OP THE STRONG"-. -tf
OP THE HTRONO"
RIAI TO GERMANTOWTI AVE.
IMAL. lJ AT TULPEHOCKEN ST.
. VIVIAN MARTIN In ,
"NEVER SAW SUCH A GIRL"
RI RY MARKET ST. BEI?W 7TH
lUDI id x. M, to ll:ia ?'rL
LOUIS BENNIRON In fU
"SANDY IIURKE. OP V BAR Tti- ft
1 '"lp
SAVDY 12U MARKET BTREET -" '',
MARCIUERITE MARSH In ?4,iSl
"CONQUERED HEARTS" ff&j
STANLEY K.?Kaw..wx OTl
, aiuPFiTira . .??
THE QIRL WHO STAYED A'f;IIOty J
VICTORIA TMS,.'vj
WILLIAM. rARNim tJ 'iSfc .. .
miBi MAN HUNTERJLoK
THBi MAM HUNTBB,'' V.
w
VV'';
V
Vi J
i
Sm
S1
'4
1
w
.ts
f FFERSONiKA? WEST ALLEGHENY XKuV
S?2 '-.( - ifJfiyrv.
,f-&r
jlrV
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urrnj
jW
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JelfWlrweirMnt's&KfiJij
Ur.t .-" '.'.KS.H?i..'L)Jt. .-, H
SB
WP
ii'Wi av -m jut 't-m-
li
m
rfiT
JviT-1 j
LIBERTY atsnWJLV,
yiinAUaiCUjr
. ;"'jsifc"rTiakJft ,'.VMsfc.'s:"Si7,. ; . - ...y.'ftjs-B4jafli..i.T'' i
h-M'rm'!-'"?: r-r' . v w .,:. -;"-'rr" ir unr .. :. .w
1 MMiT mSmmtmiVm &
SI .. TTlTir " l"'l""1 ""
tw&&t'ffijMak
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