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EVENING PUBLId LHDaEll PHILADELPHIA', MONDAY, APRlU T, 1010
l3
IV t
Mrf"'
,V
W3.J-
,'
LIBERTY BONDS
.JJOlJGHTj. aiti0M.
1 Any l)rnomlnntlont
Samuel K. Phillips & Co.
; n tiir.aTNUT st.
Memtirrs Philadelphia Stock Kfhng
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTAMQMS
"S V.
;6
4k"
t
F
i
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FINANCIAL
Annnal Kleetlans
- iav uvunvfili !. rtin PltttA
Inrnmn of IIoiikcn from Ixi or &'AV:
Yiniinen tntt . a-enerai meeting 01 :-
tfHrator will be held at the ofMc$. 1US iwuij
April., tit 8 'rlotk In
Vnnrlk iluil ...-.. Iks llth AtT O'
"." JW' .VI' v,w.""f L ... .ahm. la
..." (.--.... -..,, . 4aturr. la c
fhouse.. directors and
tArnHT1. tvilh th.Snn.rfar.
' J. SOHGtlS SUmii Secretary.
Marrji 2d. 1810.
rrnpcsals
ir
I
p.ii.i. irnn ntnft fnR
TnrH f tiiiftiiiil7.vXH. v.te., nn TFIK
Or.OlCfXTKU IIOt'RIMI l'BWIM ".
;, NEW .lEIISKY. far ,.,
I'NlTKI) ATATKsi MIll'rlNO nojjjn,
r.MBROENTY KIJ5ET CORPORATION
Sealed nrnposale will be received at the M-flee-
t, William II. noarflman. Project En
Rlneer, 4SB Walnut t., rHlla.aelphla, Pa.,
' until ll nimn. April 10. 1910. for the coti
structpm ot Htreet ravemente. Curbs. Out
ters. Storm Water Inlets. Street 'VValks.
Itotlsf-ifWAIlis nnd work Incidental thereto,
on ,in umucestcr tinustng rrujrti, ""
Vlllapo. renter Township. New Jersey, for
.t'nlted States Shipping Hoard. Emergency
Fleet Corporation, according to dra(ngs
nnrl nirlAtlnn. n. Hid With the DTOleCt
engineer, and at that time and place the
RrnnAlMli ,.ltl t& mihllfllil ,nna1 nri reSll,
, On )fnd after March 2K plana, specifica
tions, 'blank forma nnd all necessary In
formation may be obtained from the project
engineer, 428 Walnut at.. Philadelphia, Rnd
plana fliav also bo seen at the field en
gineer's office on the project,
The'wiproxlmnte coat of Hie. work to be
done la' $141,000.00. Kacli bid must be ac
companied by a certified check drawn upon
a national bonk or trust company In the.
..fen,,,. .., ..... ...A... kiin,. .lAllufM
;n00), payable to the United States Ship'
ping iioara, emergency leei Lorpomumi.
Only experienced nnd responsible bidden
will be. considered In awarding the contract,
and bidders may. be required to aubmtt el
rlence'qf experience and financial ability suf
flclentnto Warrant Ihelr undertakln the
work and carrying It on to auccessful com
pletion.! The owner doea not obligate itself
to acocpt the lowest or any bid.
MANY STOCKS SCORE LARGE
GAINS IN NEW YORK MARKET
Marine Issues Are Prominent Wide Advances for Special'
ties Copper and Oils Also Turn Upward
NftV York, April 7. Tho new week started in witl n resumption of
the bullish Activities which hnvc been continuous for so lonjt n time, many
stocks mnkinit Hdvnnces ranging from t to more thnn 0 polntSi and nl
though there were sharp recessions nt times and some stocks In supply tho
market tone was one of pronounced strength until the end of the day.
Many specialties mftdo gnlns of 3 points or more, Industrial Alcohol
moving tip 4U to 1511., American Agriculture 4 points to 100, General
Motors .T?i points to 1 74 4 nnd Distillers' Securities more thnn 2 point", to
05. Denrral Motors was influenced by n rumor, entirely unconfirmed,
that that company had bought the Ford Motor Company.
The marine issues Attracted much attention because of the buying of
American International Corporation, which rose 0 points to 84, ft nfcw
high record, with th1 buying necompanied by reports thatj It had be,en
decided to issue fnll-pald Stock in place of the present 00 per cent paid
certificates, milking n virtual stot k dividend of 40 per cent.
Untied Stntcs Steel was in brisk demand in the enrly trading, ad
vancing IV. points to nrV4, but later lost most of this gain.
The copper stocks became prominent In the late trading, when Ten
nessee Copper advanced 1 points to 14, the highest price touched in
a long .period. ,
Oil stocks wcrc ncttye nnd strong all through the day, with Tierce Oil
moving tip 1 -points to Stl.
The bond market was irregular, but without important feature. Lib
erty 'IJonds wcrc-heavlly trade in ngaln without special change in prices.
New York Stocks
CORN MARKET
rrevl6m
,. close High low l.at
Advance numely. ,10M :I4 :il)j 32U
Adv numely pf .. MM ontj fl.Vi 00
'N" .Hubber . . . . 70! 78)1 70S 7fl'
Alaska Oold M. , 3H ',T 3 3M
Alaska Juneau, . , ii -l
a Sn m " ""WW mi 35'i 35M
Aiiig-Chrtlm M pf. Qij 80J-4 89H RK
Am nCUJChcmi,5 JOB 105f 107!
Am Re.t Bugar... 77?.- TOU 7R 78
Am Can
Am cotton oil
te ::: SS 8SK 8r JBh
JJS M 4H1 in"
a ill 7 s3"... )3.i .v 13t 13'.
Am MIUo , P,eHl, IM. jftA , h.ij
Am too V"1 P'-lOO 102H lOUS 101 W
m Ica Pf fl.1'. r.-ti; I-M4 03M
INTEREST IN .CURB ;
ONMCREftSEi
Heavy Trade in Key3tone Tire.
Oil Stocks Steady U. S.
Steamship Strong
Philadelphia Stocks FEW ISSUES SHO W ACTIVITY
$
"-
m
"" imertiatlonal.74f
... ,v"-"ioiive
aZ i.'"'"
CO
U4
A V. "."
V. 2.m' ' Re'- 7ir
i niPP IT'-IcI-.-. nnti
f u r nefln.:iSfe 13&
Am T.i"l,re5;rob-1"
.ATel . .ma 103
STARTS WALL ST.
IS MOST GRATIFYING
L
AFTER G000 START
Sentiment Bearish on Larger
Sales and Greater Tenders
"J From Argentina
Clitcago, April 7, Profit taking, in
cluding" free selling by Omaha Interests,
sent tlje corn market off from the top
today;, otter it had developed strength
following weakness enrly in the session.
SentliMent was bearish at first on larger
salesjby the country and greater tend
ers from Argentina. All commission
f houses'; then had selling orders as did
$( local -Interests,
j renter, heavy covering by shorls nnd
.- n switeh by commission houies to the
tL famine side turned the market upward.
dlstaijt deliveries going into new high
srotlnVl for the present movement, with
offerings tight.
Townrtf the close the tone was easier.
lAlthough offerings front the country
uf wercjinorc liberal, farmers showed no
it disposition to make concessions. The
;.; vcatli was not favorable for shipping,
, o Oaji alo reacted after buying of a
' substantial character had brought about
(, firmness following easiness early, due to
5, seattfr'cd selling by commission houses.
The relative cheapness of oats and a
decrease In the visible Minnlv for the
weeklliclpcd the bulls. Ileceipts were
light,
I.eadnsr futures ranged as follows:
Corn (new delivery) Sat'daj'a
iifi Open High Jiw Closo close
ny .IV 1,S 1.5t"4 l.r.lji 1.86H l.Bo',4
lulV. it 1 47U l.noS 1.47(i 1.40 l.S
"irr- t
03'i - noji 671i 7
07!l 03i son eh.
Business Opens With Rush and
Prices Advance Broadly.
News Encouraging
Iff.
m.
Stock sales today on Hie- New York
exchange totaled 1,058,000 shares.
New Yorli, April 7. The New York
Kvening Sun's financial review this
afternoon is as follows:
"Wall street had all sorts of good
things in the way of news developments
with which to start off the week in n
bullish flourish, and nlthough some of
them did nol receive official eontirinn
tion there were enough left to create no
little cheer nnd optimism. Ttusiiress in
the stock market opened with a rirt.h,
and prices advanced broadly. Tho most
potent factor in this was undoubtedly
the report that tho President had di
rected that his steamship bo gotten
rcadr for him nt once.
Although this was denied at the
AVhlte House, nctivlty about the
George Washington and the existence
of the report were sufficient to lead the
street to believe that there was somcr
thing to Mr. Lloyd George's stntemeut
that nencc might be signed by master-
London dispatches stated that .the
uremicr would have an important nn
nouncement t6 m4ke tills evening. If fvptemo
tay..i'
July..?'.
Lardr
May..,i ...
iLf ::.
00
8.30
l
IS
it
'u&vUl
May.Jif . ..
July. ..'ft 2S.05
fork
2S.SO 2S Alt
28.30 28,05
2B On' 20.S2
26 03 23.33
2S 7R 28.S2
28.17 28.07
2S.87 SS.fS
25.42 '25,87
REALIZING
GISJHOTTON
Market Firm, Influenced by
Optimistic Peace Outlook
and Sales to Befgium
Hoy,.;V 48.n0 48 50
Iuly..(, 48 00 48.05 43.70 43.75 'ii.lb
-ASKea.
BUSINESS NOTES
'Y r j.0Funiy lor inimeuiuic irauc
;)'' future opportunities, the Du
Jc,, Indiesipromises to be one of
A bureau of information has been cre
ated !fq New York by the Chilean gov
cmrnent to supply American commercial
and'ofter interests with facts regarding
conditions in Chile. It is in charge of
lfeHx;fNioto del Hio and Ernesto Mon
tenegro. ,
Not? only for Immediate trade, but for
Dutch East
the most
attractive fields in America's foreign
irndeiSyutlflng from the present trend.
XherAJM said to be 'plenty of money in
tfie litdles today. During the war high
"j.iicesjwere obtained for the leading ex
port products, such ns sugar, coffee; tea
nnd fitilces, and now that trade restric
ts tions i(rc being lifted, they arc stocking
s?lL. nn nrt'-lifirllv enflerl fnroiffn innTllirne-
m- . j - -, -
PKes s
j, If America Is (o take full advantage
C'.t .Al4l,. atix 1. n afllaul ... tl,A
VI me IUB11JUU Due hub ;uium U .
dycstulf industry through Germany's
loss of world mnrkets she must im
proveyhe nuality of her goods, declares
Pldney' Illch, who was formerly An
American consular ofilcin In Germany.
The nfed for Improvement, says Mr.
Itielt ,!!! "means that manufacturers in
thjs cSuntry must go deeper into re
Bcarcltj'work and base their operations
on ,u clentille basis rather than solely
ou fjua.ntity production
Gstlfnaies of steel products to be
' needed'lby railroads within the next
few months are being prepared by the
railroad administration in connection
with negotiation with the Department
r', ... .'I. , i ta . . -j i i ,
n Hiuuuuttu Bicci line's, jv wiw eaiii touny
iinat; it conference netween Uirector
jr uencraj, iimhh nnti iteorgo rs. reek',
Kr chairman of the Industrial Hoard, prob-
amy wouiu ne jieia witnin a day or two.
w r
l-h'i
1
u.
nusry
starch ,
LOCAL MINING 3TOCK8
TONOPAH BT0CK8
S Jim Hotlet"
Mxe.Nat
MlawJ
j'3 Xfontansl
V North t)tar .
jtescue r,uia
vri nfaeNamara .
mf lUdirv i .
If-i' MIcpaltKittnslon
- West End .t...
rv t, aot.c
nid
,.18
.114
i .4'S
08
:.n5
, .09
.OF1KI.O STOCKS
., .. ,0.1
4 '.'.'.'. 'J
Vi
Ask
.84
,81
44.
,00
,8ft
:no
.it ,
j'i
,07
.03
..10
,01
.04
L.07
.08
.ID
.15
' ' 'Atlanta,-,
i mus milt .......
S'BoOlh in. i
niamondneld 11 n
gaiey ,...,.,.. .-
VKewanM . -i ............ . ,08
I' , Oro ,,;,...,.... 02
I, ,? (llvsr Pick ,.t ,.,. .in
, 17 pes t Mkif- itf r4Hi itt i
l1' 'tl itlSCLlA-NnOUfl
. "lArUona.Vnlted ...,.,...,.(. ,2.1
VNsvadaV-Wonder ,w,t ta
Tcop-.!Mlnlnr ,..,,....,. . 18
i J '
i. OllXompanlet Incrcats Caplt-I
t&4 novrDl., April 7, Notices of In
crM$ttn capital, were, filed lit ro today
ae ftUewV' nrMAraecanJl'etrdleum
,S7
.85
.14
this should nrove to be trtie, it would
be the most constructive tdfluencc im
fxrfnnhU. rleanltn the near annroach of
-----"- jtv
mo i lctory l.oan. flt-v ,
1'hi.rti wns Riitne talk that nn extrn jsust
session of Congress might be called for jJei:
the first week of May. There nas Dcen nj
. .. L -- -fc 11. ..., . laI
no agreement i i'"i n-oucv ...
steel prices, but there appeared to be
rnther more hope that some adjustment
short ot throwing the markets open
would be effected, While the principle
of price revision by means of free mar
kets has general approval, it is believed
that such a step now would be disas
trous to innumerable smaller compa
nies, not only steel, but otheis, to which
the step would extend.
It was pointed to as highly signifi
cant that at the moment when this
important queati6n is pending the di
rector general had to confer with the
labor brotherhoods on the proposition
of a revision in the wage scale. There
was thus the curious spectacle of tho
railroad administration trying 'to beat
down steel and iron priced and presum
ably cool prices as well when there was
a prospect of a further advanco in
wages of railroad employes.
Naturally, this situation served to
keep railroad shares in a state of sup
pression in striking contrast to tho
movement in industrial stocks, all of
which were buoyant with gains of
Several points. Northern Pacific, whih
pushed through 10Q, was an exception.
Steel sold well above 09. Utah wns
tho leader in the coppor group, while
American International, with some 10
points to its credit, carried the ship
ping issues 'higher. Kelly Springfield
Tire, National Knafnellng, Wilson
Company, Rftrrctt Company and Ameri
can Agricultural Chemical were among
the more conspicuous specialties.
The performance, as a whole, dis
played very well the potential strength
of tho list and a technical position
favorable to n rise such as the news
of the day afforded,
Prices hnded from the top in the late
sessions nnd trading was less nggres
lv.' Nevertheless, the total turnover
was close to a million shares, Bonds
wre quiet, with but slight change In the
Liberty Loan Issues. American Agri
culture) debenture fig were strpng nt
08. Erie convertible 4s, series , and
Southern Pacific convertible Os were
up a point or so, .
Save for a stiffening in cttlliAan rates
from the 4 per cent level at the closo
ot last week to 5 per cent, there, was
little change in tho money situation.
The trading rate for time funds con
tinued at 55 to 6 per cent, JJusiness
was quiet, however,-nnd restricted to n
few loans for the earnest nates.
No statement has been made as to
the amount of the forthcoming govern
ment Jbond offering, but that it cannot
be less than ?0,000,000,000 is jndicafed
by the fact that with, the new issue of
!(;,00,000,000 treasury certificates of in
debtedness, dated April 10, the total of
aiii'li certificates io be redeemed from
the proceeds of tho loan was brought
to some 5,:i00,000,000.
In the foreign exchange market
sterling opened down 3v, but steadied
later at about 4,05 francs, also partly
recovered from an early low of' 0.01
francs to the dollar for checks, Tare
wcrS dbwu eleven points to 7.H0 lire to
tho dollar. Neutral exchanges continued
to ease.
Due to reports of spot buying of cot
ton tn the south for France and Bel
gium, prices for that fctapldVwcfe, firm,
Corn and oats were also firm.
New York, April 7. The cotton
market had a firm opening nn general
buying, influenced by the optimistic
peaco outlook and reports of heaVy
sales of spot cotton to Belgium.
New contracts started at an advance
of 0 to 50 points, while old contracts
were ill) points higher to 40 points
lower.
Iloaluing sales nnd selling from
southern sources held further advances
in check after the opening, hut the un
dertone remained very steady.
It was reported that trade interests
were heavy buyers on Saturday against
sales of spot cotton to cither Belgium
or Italy and Memphis advices received
this morning said that European com
missions, anticipating an enrly conclu
sion of peace, had arrived in this coun
try and would Soon be considerable
buyers of snot cotton
One of the early messages from
Charleston reported a good demand for
export to liiverpool and Havre.
OLD STYLE
Saturday's 11.00 1.30 -.30
cl?se Open a.m. l.m. p.m.
24.60 24.85 24. UK 24.80 24.00
. .. 23.40 23 60 2.1.00 21. HO
. . 22.50 22.5(1 22.00 22.50
. . 22.20 22.20 i!2 20 2 2(t
21.09 21.75 21.75 21.78 22.10
20.00 20 20 20.20 20,20 20.20
21.50 21.50 21.30 21 50
NEW STTLR
20.25 2B.40 28.40 20 40 26.40
24.(13 24 25 21 80 24.80 24 28
23.83 23.35 23.35 28 33
22.01 32.80 22.28 22.28 22.(12
-l.tia 2I.NU -1.K3 22.2' 22.22
May
Jill-
AURUSt
tictober
November
December
84M 76'i 8
48?f 4R 48't
07 OftH 00W
vt m u
72M. 7M 72
8!.'i 8i! 8.V
H 12114 M'
1!11H Hl
Atn tV ' ' "" " '"' "KJ
Am u- T '2(1'20S 20,1 201
Am j?n0TC", 68' MM &SJ4 MM
jrn zinc I. &- g.. in ,.i tt m
Am Zlno t. A s pf. H it
J,KI" 'opper. 02j mi 02 Sn-
Am0 Dry Hoods.. 27 27.'.' 27.U 'J7
aIm ? & S P' 0:l US " 3
A!?'LT.& S V Pf. R MM ROM ROH
a. U.'r W I. . 121 128H122M 122V
nnMU i" ? W 1 Df 1 MH
S?" "hl 4si 4s Km mi
nJJ'W Co mK 'M I'-" Ml
2 l SU Class B. MH 70Ji fiOj 70H
Beth Steel t pf.lOR 108,'i lOS'i 10HK
Booth Fisheries , 20'( 24 20 20M
Ilrklyn Ttnu Tran. 22 '.2j 22.' J 22.'j
Drown Shoe . .. 7PJ 80 80 SO
Burns Brothers... 14471140! Mfltj imi
Butts Cop & Zinc. 6 3' 0' 0!f
Hutto ft Superior. 21'1 21't 2Ui 21H
Buttetick Co 'n mij mul oau
California Pack.. OIB-1 0I 01 01
t-flllfornla Petrol. 25U 2fl'- 20 20)1
California pt nf. fifl Tn nois 7n
Canadian Paelflo. Ifl0!l lrtl 160 101
-ent Leather, Co.. ,ny, 77j 77 77
Cent t.eatli .Co pf.108M10!M 109,' 109U
Cerro de Pasco C. 38!f 40 39)1 30
v nnnnier Motor .12ft
Chesa ft Ohio. .. flO
8U
2ft!i
3S)4'
mi
24H
70tj
New York. April 7. There were
many important movements in the
.Broad Stret Curb market today Indi
cating another increase In outside in
terest, but the most important move
ments were in open manipulation,
This was especially the case In Key
stone Tire, which moved up 1 point at a
time between sales from 00 to 1)5. with
trading In all amounting to more than.
tKMHi snares, this movement attracted
attention to the fact that the stock
exchange authorities are now consid
ering nn application to list that stock,
but Insist on a distribution before ad
mitting It; to the exchange.
Today's movement does not show nny
evidence that the stock has been distrib
uted, Iiiter-Contlnentnl Rubber was in de
mand from many sources, with Urge
transactions at 1714 to llHi. Inter
Petroleum wns another strong feature,
moving up from 2X to 'Mi 0"",r
oil stocks were steady, Sinclair Gulf
selling nt 45 to 41"j, Mefrltt Oil nt
"0 to 2fls nnd Cosden at R?i and
8!fc.
Philip Moris ranged from 12'j to
13. Submarine Boat sold at 1rt' to
15. United States Steamship was
strong, selling at : nnd 3',. Com
monwealth Petroleum sold at 40 to 47.
Net
tllsli t Close rhsr
-.-. Allla Ins ant. so M, 20 4
100 Bald 1.oc 00 " 00 1Hi.4-S',i
100 Chile C. 23 23 23 "i
17().EIec Stor 00
100 U 8 Cor 10
45 I.eh Nov 00 H
217 I,eh Val. 54
B20Pa n n. 41
1 Pa Salt. 83
HI Phlla Co 3(1
240 doc'mpf 34 W
757 Ph Elec. 25 U
233 P II T tc 25
ON LOCAL STOCK EXCHANGk
20 Ph Tract 07'
""s
10
(10
54
44
83
30
33
25 'i,
244
07
W"fc
10 1
00 -f.4-44-S3
3(1
34 V,
23U..
24 . .
07
2L7n 2i'to 5T.7o ai!?S
21.25 21.55 21.55 21.90 21. OU
Chi Oreat West
Chi Ot West nf .
Chi Mil & St P.
Chi -M ft St p pf
Chi Tt 1 A Prc...
c n i & p 1 pf
r n I ft p 8 pf. (io'f
ClevC C & St Ij. . 31
Colo Fuel & Iron. .2'
Continental Can.. 77H
Crucible, Steel nt. 03,'i
Chile Copper 231
China Copper . .. 37)1
Columbia O & 151. 15.'
Com Prod Uefln.. S7,
Crucible Steel ... OO'l
Cuba Cane Sugar. 26
Cuba Cane Su pf. 70Ji
Del & Hudson...,
Distillers Becur. .
Dome Mines
Erie ....,
Erie 1st pf
Erie 2d pf
Klsher Body . . .
Gaston Wtn&Wig
General Cigar . .
General Electric.
General Motors .
Gen Motor pf . . .
Gen Motors deb
Goodrich (BP)Cp. 00
Grihby Consol. ... 08
Great Northern nf. 9271
Gt N C forOre P. 41U
Greene-Can Cop.. 43! 1
Haskell & Barker. 45
Inspiration Cop... 5171
Interboro Con pf. 14
Inter Agrlcul..... 17M
67M
Liverpool Cotton
Liverpool, April 7. Spot cotton was
quiet today with pricewflrm on the basis
of an advance of 01 points for middling,
old contract, at 16,84d. The sales were
5000 bales.- Tho receipts were C00O
bales, including 30(1 bales American.
Futures were steady In the early deal
ings. Spot pricen were: American, mid
dling fair, 10.18(1: good middling,
17.75d; middling, 10.84d; low mid
dling, 15.40d: good ordinary, 13.84d;
ordinary, 13.31 d.
Financial Briefs
127 I25f 120M
50 581 60
8,'i KM 8U
25 25 25
39 3S 30
71 ' 7(Hi 71
24)4 2l'l 24'i
77J1 77'j 77)i
no fin m
31 31 31
12' 12 12,'f
78)1 7-tj 78M
03)1 B3H 03).
23)1 23.' i 23J-J
37'1 37 37
45 15 15
flSt, 57 't SOU'
C7H 00!i OO'l
27 25.' i 27
77'i 70JJ 77'i
105 100 100 100
OSU 0511 fi.T 05)1
12M 12J1 12,'l t231
16!( 17 17 17
28 28' 1 28 28
18'A IWj 18!' 18',
60 57 SO 5(1
29J1 30;,' 30 30!t
60 01 .00 00
167 158 '157 158
170 174!' 171 172t
01H 01J1 91)1 01H
901 OOK 00J1 00!i
05)1 05J1 05J1
08M C8 68)1
03 92H 1)3
42)1 41! 42
43H 43M 43H
40)1 4G 40
52H 51J1 MH
13Jf 131 Ml
17JJ 17M IT.i
B8H 07)4 08J1
INDUSTRIALS
10 So Pac. .105 105)',, 105 1,
50 Ton Bel. 3 3 3 .
5 Ton Mill. 3,V 3 3rV..
12 I'n Tract 30 30 30 . .
10 (T G I.. 7(1 70 70 -300
U 8 Steel Ofl' 08 0S1, (
275 y Cramp Vi 04 04,.
Total eales. 85fil shares conipaicd Mtli
.1507 shares Saturday.
Vet
che
Aetna Explosives
Amer-Britlsh Mfg
Amer, Mnrconl . .
Amcr1 .Writ Pap .
Air lteduction . . .
Canadian Car Co.
Can Car & Vdy pref 75
ChArcoal Iron 0
Chevrolet Motor ...100
Cramp SO
Curtlss Aeroplane. . . 11
Cnrwen Tool '.'
Carbon Steel 87
Kmerson Phonograph 3
Hcndce Mfg 17
Iioke Torpedohoat.
Lehigh Coal Spies.
Lima Loco
Maxim Munltlon-i .
Nat Annllne
X Y Shipbuilding.
X A Pap Pulp
Otis Elevator
Peerless Motor . . .
Poole Eng
Scripps-Bootli . . .
Mandard'Motors .
Steel Alloys
nid
(Hi
3
41s
Sal' rlrtfte
Ask. isftle)
0 '
4
4 4
5 5
55
35
85
noNi
. . .HlXh LOW Close
f riKiu Held Sll
1st 5s.. 84 84 84 ' '
(1300 EI & Pe
Tr 4., 70 00 00 ..
0000 Eq III I
ns fis.102 102W- 102 .
40000 Leh Yal
Its '28.102 101 Ts 101 'ft ,
10000 Lib Bond
1th 4Js J13.S0 03.10 03.78 .02
550 .'Id 4 '4s. 05.40 05.40 05.10 .21
100 2d Is.. . 03.40 03 40 0.1.40. .
3050 2d 4,s. 03.70 03 10 03.70.30
3000 Ph Col st
5s stpd.lOOV. 100U 100J- i
1800 Ph Elec
1st 5s.. 04 03 04 t-
nooo p it &w
4s 00V.
a
tun .,,,.,.... ..J A' 'A
i nuaaeipuia lucctric is Active Home Leader, but Us l'ric&.
ifir.. r . t w ... .. . . 2,-jrn
tioias aicaay balawin Locomotive Maltcs Wide Advance, $
41 $w
Philadelphia stoik trading continued 'fairlv brnmi nu; i, i,i ,!. wJm
as little activity of Interest displayed by any' of the issues appearing, nndkin
lie afternoon the market turned firm, reflecting the strength displaved on Ibe
big board. ', v'
I Philailelpliin Electric vas Ihr nctlve home leader nn,l II tcnixrivl n frSi.
. tional loss, while AVllliam Cramp trust tcrtlficntes continued to attract M
tcntlon and held steady around their prerlnus closing level. " '
Electric Storage Battery advanced fractionally before middav, but in the '
I itflerttoon sold unchanged, and Lehigh Valley Navigation. Lake Superior Cor
1 porat on. I nited Gas Improvement. Philadelphia Companv cumulative pre-
i f erred, Tonopnh Belmont, Tonopnh Mining and Cnion Traction all came out
I without recording losses or gains, --
1 j , )nv Transit certificates shaded slightly after opening unchanged? Phlla.
.delphla Irnctlon lost n trifle nnd Pennsylvania Salt moved up . Y-
Steel common was rather slow, but was higher in line with its rourselon
the big hoard. Baldwin Locomotive wns strnn. cnlnln- nn,. tl,n i.,i,. i...
turnover. j
Balls did little. Pennsjlvnnin rccoveted a small loss. Lehigh Vnllev vlelJM
it fraction nnd Southern Pacific made a substantial advance. ' '
iiV. , '"v " " " "!' Mt-iivr ip win imnti division, wiin sales totaling
... ,., A . . Awn AAH An,, tk. ..uin .11.1.11. I i'
iiir.inivimniii null uiv niir PlIXIUI IO CI .
S 10.000 by
(1
LOCAL LOANSDECREASE:-
MONEY-LENDING RATES
NEW YORK Money on call, mixed I
collateral, opened today at I per cent Weekly Clearing House Statement
for lending ami renewing. On nil in- Show8 Gan , R
dustrtnl collateral. Hie opening rale ,
wns 4 per cent. lno average condition ot inemberxjof
Beyond a few loans for ninety days "l0, Philadelphia Clearing House A-
ou industrial securities nfc 5'i per cerit, sociatlon-for the week preceding today
there waV nothing noteworthy In fbc " '"own in me wookij statement, with
prt-
Tolal sales. 1108. TOO comparel with M'J
200 faturdaj.
SO
31
Inter Agrlcul pf.
Inter Harv new... 12fl!1126 126 128
Inter Mer Marine. 20K 27 20J1 2GM
Inter Ater Mar pf. 11 1HU2J1 HUi U21
Inter Nickel 25i 20 25!f 20
Inter Paper 45J1 40)1 40 40H
Inter Pap pfstpd. 73 73 73 73
Jewel Tea 40.' 40)1 40't 40,'i
Kellv Snrgfd Tire H8'il20)i 119 119
Kennecott Cop... 32 32,'i 32)1 32)i
17
25)1
554
48
37M
05.',
31
7
I'ansma coupon i
pnni,,rt)Wrpd .
lKS' LJduLr -v Wf&iBSi$W
GOVERNMENT BONDS
rttA
.?,
The annual report of the New York
Shipbuilding Corporation for the year
ended December 31 shows net income
after nil charges, including 1,250,000
for amortization, of $378,358, equiva
lent to $li80 a share earned on tho
200,000 shares 6f stock of no par value,
as compared with net incomo of $063,
010, or $4,81 in 1017.'
The New York stibtreasury lost $403,
000 to the banks on Saturday, reduc
ing the cash net gain since Friday to
$1,007,000.
The stock list committee has today
admitted to the unlisted department of
lie Philadelphia exchange $l,70",P7fi
additional capital stock of the Phila
delphia Electric Compatly, making the
total amount listed at this date $20,-717,275.
The Philadelphia Chapter of tho
American Institute of Banking will hold
a meeting tomorrow evening nt the Cur
tis auditorium. Colonel II. H, U. Hel
ton, of the general staff in the War De
partment, will address the meeting on
"American Operation In France."
Nominations will be made for the, board
of governors and delegates to the New
Orleans convention,
.T. William Hardt, cashier of the
Fradklln Xatlonal Bank, has returned
from a week's visit to Xew Orleans,
where he attended the convention of
the HeDervo City Bankers' Association.
LOCAL MEAT MARKET
The foltowrlnir report on the fresh meat
trada In Philadelphia Is furnished by the
local livestock and moat onico of the Ilureau
of Markets, United States Department of
All?nsHt'riEEF' Jtecelpta moderate, bulk
common and medium gradea, market opening
auUt at steady prices, early trade light.
STBBnH Receipts moderate, murket
strong nt 128 to S7, demand quiet.
COWS Itecelptg of common and medium
grades normal, good cowa light,, market
steady gt 120 to 828. demand limited.
VBA1 Receipts of western dressed veal
liberal, locsl, slaughtered light, market
study at fM t 828. dtmsnd fair.
PORK Receipts normal, market strong
.t san tA 1S4. demand light.
I.A1IH -Recelpte moderate, market gtrong
tit 880 to 884, demand fair.
MUTTON Receipts light, mrket .strong
gt Y-Z to 90, aemana gouu.
Ui Erie & West.
Leo Rubber & T,
Lehigh Valley ..
Loose-Wiles Bis.
Maxwell Motora.
Max Mot 1st pf.
Max Mot 2d pf..
May Dept Stores
Mexican Petrol..
Miami Copper . .
Mi-rale. Steel . ..
Mo Pacifld
National Acme. . .
Nat Cond & Cable,
2521 25!! 25)1
64 64 64
49)4 481. 49 If
38)4 37). 38)1
06)1 OS) 00H
31)1 31 31H
76H 76Ji 7fl)f
181)1 183)1 182)1 182)1
24,'i 24H 24J1 24)4
45' i 46)1 45H 45J1
24 21J1 24 24)1
37)1 38H 37J1 38X
17)1 18)1 18 18)1
M
20
31
4
70
22
2(5
20
8
r.
Submarine 15
Swift Inter 00
St Joseph Lead
Todd Shipbuilding.. 03
Triangle Film
United Profit Shnr.. 1
TT S Steamship 3
United Motors 45
World's Film M
Wright-Martin Air. 3
220
02
13
5
03
4
25
2
80
30
27
37
4
75
23
40
30
0
8
15
1
12
100
1H
3
40
3
2(l4
'49k
14
01
13
3'4
40
3
Illinois
Ohio
Prairie Pipe
S O Cal ..
S O X ,T . .
S O X Y .
STANDARD OIL
' 170 175
a.14 338
...205 270
...205 270
...073 678
...347 340
332
071
347
New York Bonds
Hieh Low 2 .'.ft
45 Am Agr deb 5s, 107 107 107
00 Anglo-Fr fis... OfPJi OOiV llflf.
2(1 Am For Sec 5s.. 00ni 00 00
10 Am T & T Os.. 103. 103 103
3 Atchison gen 4s 81 81 81
(i Balto & O 3s. 88 8.8 88
8 do cv 4 s.... 75 75 75
1 Bth St rf 5s. '30 81
4 Bush T B 5s... 70
1 Bordeaux Os . . . 00',
8 Can Gov 5 '21. 08
2 do 1020 .
2 do 1031 .
1 Cent Lertth .s.
time money market today. Some bank- !'mparion. ms follows with the
crs explain the current low rate for vl01l week :
call money ns part of Inducements to i all .members
work for n low rate on the new govern ' Loan, MlA'A
ment loan. , Kiciigs n House. 24.40 noo
' Prime merenntile paper is In moder
OO'i 9(''i f Vi n(e sntinlv nnd most of the denlltiffs nre
on purchases for interior account. The fies "th
I discount tigtire is identical with the
I short-tlnn" money rate.
Prime bank acceptances show n mod
erate movement at unchanged figures.
Call loans on this class of material
arc unchanged at 4 per cenl.
m
U)u. f-)in binks u-lOT.dlH.OOO
1 naiiK uepoaiis I rt.'.flll.OOO
jnmria rteposlls 1sn.802.OoO
6,007.000
rime deposit -
Fed Re
Ico-at
I'l'S
07-
or.
84
70
no'4
08
07
071,
00
84
70
57. $01.00
15, .-,38,000
57.821. 000
52 455:000
5.888,000
lncrea.
8.Ks,noa
840.000
fl.009,00(l
1.102.000
7(11.000
08,000
4.888,dOO
788.000
4.S2A.000
47,ttOO
,000
rillLADKLPHIA-Cnll. Mi per
rent; time, fi'Kffffl percent. Commer
cial paper, three to six months, nViCT
5 per eeht : six months, 0 per cent.
FOREIGN EXCHANGE
Xew York. April 7. Under the lend
00o sterling the entire foreign exchange
08' market In the preliminary figures to
07 (day showed wenkness. Demand Btcrllng
07?s was quoted at 4.03, a decline of 2
00 ! cents from Saturday's final, nnd cables
5 Cent URX.I 5s,. 102 102 102' were recorded nt 4.00. an equnl loss.
2 Chile Os 80 80 80 In the early afternoon sterling cx-
5 Chile Cop 7s. ,.117 11731 1174l change held steady at tbe opening low
11 dies O cv 3s 85 83 8.1 I figures of 4.05 for demand and 4.00
bank, and
flenoittorle
Cash In vaults
1 Total rtrre held
I Reserve required
rcxiess reserie 5.888,000 5,804,
JIKMRERH RESERVE SYSTEM '
linen held 58.8.8,OnO 3,028.00(1
Excess reserie 8,897,000 4.528,po0
RESERVE BVrTTEM
Reserve held 4 InS.Oftrt 88ft,iitio
Exress reserve 1, 880,000 778,000 '
Decrease ,
In audition to the deposit" above there
were this week t25. 280,000 government de
posits against which no reserve Is retiulrd
1 Chi & Alton 3s 30
1 Chi Gt W Is.. 00
3 Chi B & 0 4s.. 05
2 Chi M & St P
rfd 4s 70
31 City of Paris Os 07
2 Kfie cv 4s Scr II 40
2 Iowa Central 4s. 4.1
48 Interb Met 4s 33
2 Interb It T ref 58 70
5 Inter Mer Mttr Os 07
1 Kan & Mich 4s 75
14 L Sh deb 4s 1031 80
245 Lib Bond 3s. 00.10 00.00 00.02
3(5 (for cables, but the other markets worked
lower. Franc cables were 5.01, checks
5.03, lire cables 7.22, checks 7.25;
guilder cables 40 7-10, checks 4(1 5-10;
pesetas cables 20.35, checks 20.25.
Other quotations were:
Swiss cables 4.04, checks 4.08.
Stockholm 'cables 27, checks 20.80.
Chrlstionia cables 20.10, checks
25.00.
Copenhagen cables 25.30, checks
25.10.
Ruble notes were nominal at J4
1 1.20.
00 (10
05 95
70 70
07 07
40 40
43 43
33 33
70 70
07 07
73 75
80 86
INDEPENDENT Oil. STOCKS
Nat Clk & S pt. . 103H 104 104 104
NatJWam & S... 63M 601 63!. 60
National Lead ... 08 69). 68' 08)1
Nevada Con Cop 10!, 17 6H 17
N V Air Brake... 109 111 109H 111
N Y Central .... 75'! 70'f 75H 70'4
N Y C & St Ii. . . . 26!1 26 25 26
N Y Dock 21)1 2- .I!', 22
NYNH&H. . 29!1 30)1 29)1 30'1
N Y Ont & West. 20 20)1 20 20)1
Norfolk & West.,.100!l lOQli 100 100)
-orthern Pacific. 94.'i 041f 04)i 94)1
Ohio Cities Gas.. 39 394 38!i
Oklahoma P & B. 9 9."t 9
Owens Bot Mach. 54' 55?, 63
Pan-Am Pet & Tr, 7051 82H 79)1
Penna Rallro-ad... 41)1 44 1 44
People's Gas Chic. 49)1 50)1 60
Pero Marquette... 14JX 14 14
Philadelphia Co.. 35 1 3b)i 38)v
Pterce-Arrow .... 10)4 47). 46 1
Plerco Oil 19'1 21)1 20)1
PMCoa 4951 40)4 48).
Pitts & West Va. 30M 30)1 36)1
Pressed Steel Car. 70)1 704 70)H
39!
OJi
53
81)
44)
60
Barnett Oil k Gas. ft
Commonwealth .... 40 47
Cosden & Co 8 8
Klk Basin 0 7
Federal Oil 2 2
Inter Petrol 20 ',i 20
Houston Oil 70 81
Merrltt Oil 20 30
Midwest Refining ..103 104
Met Petrol 2 3
Ohio Fuel 17 25
Sapulpa Ret 7- 7
Sequoynh
Sinclair 44 45
Island 'S 8
Glenrock 4 4
MINING STOCKS
Atlanta S
TJI- T -.1 s
Jllg I.TOJ.-. . . ...
45
"
2
25
SO
20
103
IV.
Reserve Banks' Discount Rates
Official discount rates at the twelve
Federal Reserve Banks were as follows :
(The first column xlves the rates for
till periods up to aim luciuuing a iujccti
day maturity to ninety days. The third
nnd fourth columns are the rates for
rediscounts ot collateral loans secured
by government bonds or notes,)
CnVl paper Clay, paper
in la DO to to oa
Panama elupon as
Panama reglstfed
Ranks
Am, noston ..i.
AK S-... VArk
i 'o8U Piiladolphla, ..
H ." l.veliid ,,,
15 days
. . 4
. .' 41
t.n . . . . 41.
- . itlAhmond u..... 4)it
V9 t.V:iLL; ' .r.li ' AV.
".S- 'M-"- !-
iim
i&rr1
21' naya uAfi
7
7
S H
u 4K 4'f 4-
"vmh 4 v 4S
f.Mligt'4T.' '
iJi RISuVMJ tE.J.
0
40)1
2051
49
30)
70i
I'ullman Co . ...121J1 l.'-lt 121 12
Ray ConsolCop.. 2l'i 31M 21)1 21)1
Hy Steel Spring.. 79 79' 79 79
Reading: M 86JJ 8S!f 85)1
ltenub Iron & Sll. 62 b.-. os jk.-
Itoy Dutch tr rota 92U 94)i 92!. 04)1
It L-San Fran... 1251 13 12K 12)1
Sears P. & ca '" "g '" -o;a
Bhnttuck-ArUona. 12)1 13 U 13 13
Binclalr Oil ntf.. 45 40), 45 45!i
Sloss-Sheff S & I. fi2 2 62 62
Southern Pacinc. .iwh J""-i am;i iuoj,
Southern Railway. 28H 28)1 28M 28)1
South Railway t. C8H 08 08 68
KtaXJrcJ... MM 0l MM 0(
Stuts Motor 51 J I 61)j 51 51)1
lunerlor Steel .... K9) 40 39)i 40
TennCop&Chem. 13U 15)1 13)1 14)1
Texas Co 214 210 214 21fl)S
Texas & Paclfle.. 33tf 33)1 33 33
Third Avenue .. . 14!i 15 15 16 ,
Tobacco Products. 00 90)1 90Ji 00)
Trsnsue & Wins. 42)1 43 43 43
Union Pacific ....130)1 130)1 130)1 1301
if piled AUo.V Stee1' 14J Ai' .1 44
Unite-ClK Stores. 134H 134)1 134, 134
United Druu ..'...HO 116M H6)i llfii
tSnlt Drug 1st Pf. Kit 85)1 Mi 65H
United Fruit ... 1 " . " t . "4
tan
vm
Un eS Itys" invist. 24U Ml 34-, 'MJ
IT SO lfPr.. 21)1 22 21!1 21!
U h I P &. F Pf M, ,? MH ,67
Butte Xew York
Con Ari 1
C V S & Jerome....
First Xntional 1
Goldfleld Merger 0
Goldfield Cons 18
(loldfictd Florence... 40
(tohlficld Kewanas.. . 5
14J i Green Monstet, . .. . . ft
Hecla Mining 4
Howe Sound 3
Independence Lead.. 2
Jerome Yerde 5g
Jim Butler 34
Jumbo Extension... 13
0 '
7i
1
1
20
CO
0
r
3
4
a.
30
14
50
8',i
4
n
10
108
14
2205
0
014
do conv 4s
do 1st 4s
do 4'4s . . .
do 1st 4'4S
do 2d .4 Vis.
3380 do 4th 4',is
1 Manhattan F.l 4s 80
OMldvale 5s .... SO
2 Mo K & T 4s. 88
8 Mo Pac gen 4r.. 50
2 X Orl T & M Cs 04
2 Xat Tube 5s 05
10 X Y C & H 3s 70
10 do fis 07
fl X Y Cy 4s '77.101
03.80 03.72 03.74
05.50 05.40 05,50
05.70 05,04 05.74
115.50 05.50 05,52
03,80 03.74 03.70
03.S0 03.74 03.78
ou',s rsi',s
88
88
58
04
05
70
07
101
BANK CLEARINGS
Rnnk cteRrlngs today compared with
t
COT"
responding" da last two venrs. I
tntn mis mt?.
Thlla . J58,80R.(I80 e5S.71ll.S5V 15.1,088. filiV
Iineinn (Mi,i.in,.no nn, mn. ion .P.n"4,I31 i.2
X Tork 188.23(1.(130 4 15. 503, 7511 3S5.U4.l4S v kf
ti r-j,y
W&
Lake Navigation Opens Next W'ilfV. 'A
Chicago, April 7. Lake Navigation "S
will open eatly next week for the niovw.-
ment of grain to eastern lake norls. '" SjbS
a. i.7
- ' ij'i
BAR SILVER
'"1
irt f ,v TrB
Conimprrinl bar (silver was quotapJn i Vpi
Xow York today at l.OR an nunf-. w4l
iinrhdtitfpn in .niwnn ilf JQ vLlilJl ,A.5
off Ad.
in London ut 43 13-lfjd.' J&g&
$ i SS
w
.t J.
S9.
HTKAMsnit' mtticks
DIVIDENDS DECLARED
yirestone Tlra and Rubber Companv.
quarterly of Hi per cent on preferred, pay.
able April 1.
80
88
58i,
01
03
70
07
101
?
tr 8 Ind Alconoi. ,nit juits m; nuji
ir a Rltv & I Co. 35 30 30 30
"snubbe ..... - 85)1 UK 84K
,, 5 T.k iLtf..lllK 111?- Ill HIT
U 8 Sm Ret & M. 60)5 50)4 80 6W
ii q Steel u ,t8!l
U 3 Steel Pf:...,llOJ IWJf 11?)1 11651
iTih Cooner-
Utah Securities...
Va-Caro Chem.i..
Va iron Coal fc C.
Wabash ....
Wabash pf A. .....
West Maryland. b.
westraqiflenf..?.
West Union Tel..
Westtnth B ft M,.
Wlteel & l'k Krle.
Whits .Motors ...
-Wilson & Co .' ..
Willys-overland
76.' . .8)1 78),' 77)1
itmj ti in 17
67)1 60!1
54 86
8)1 8?1
33M 33H
10H 101
63)1
88
46)1
' d'A
64.'i
8Z1
29
63)1
8
46)1
8!i
85)1
84)1
68
66
81
32)1
10H
83)1
66H
4&)i
8)i
66
83
29) 'MH
68!
60
8JI
33
I0.
83
86
46!1
8Jf
A6
84
-Wl
W II U's-OVertd It. Mi ?3 'I 93) W,J
WOOlWOrlh C0....1W. 124JI J24J1 124U
WOrfnmgtpn rif. "", wi va tmoy
, .j.
It JV'
ak'
1 t"J nrI e,-0iiVLl
fflfflsasBBs:
is f . yr '..
;
McKinley-Darragh, . 4S
Magma Copper,... 31 fl,'!
Mother Lode ,17 40
Mines Co of America 1-32
Nevada Hill .' 3 0
Xcvada Monder. ... 'ii
Xipisslug 8
Ohio Copper jj
Ray Hercules vH
San Toy 7
Tonopnh Extension". . 2
t'nlted Yerde 35
West End Con tBB
White Caps , .15
Ycrlugton 4
BONDS
Bethlehem 7s(notes).10t
Cosden, Oil Os 1)0
Cosden & Co Cs..,. 00
Cmllby 7s 101 102 U
JUisslau Jiov t.s... no .(54'a
do 0!'3s CO ('
Southern Rwy" Cs. . . . 1)01 jinai
Sinclair Oil Os ,03 07
Todd Slilpbulldng G,104 110
3.1
13
.i-40
- "J
30
1
10
5
101
03
1)3
1i
14
53
00
" NEW; YORK COFFEE MARKET
. New York, April 7. The coffee mar
ket was firmer thl( morning, following
the setback of late last week, and open
ing prices wero three, to four points
higher on scattered covering and buying
by commission nouses
Jlsy ,
July . -Peptember
December .
January .
March ...
April . ,.
Rid.
Saturday',
nose
.. 15.611
..4.8l
. U:,o
iV:is
... 14.15
Today'
Opening
18 50
14,80
14.47
14,15
14.20
14.18
11,18
New Delaware Corporations
Dover! Del., April 7. Charters were
filed here today as follows: Union
Machine, Bent Corporation, authorised
rapUal 12,000,000- to manufacture all
JWlaf."l.W.
tiorW f-sPiUl f 1,0
auirr oiiitesAi aaaxdeveltp
M.
't
00 00
OS'S, 08
08 08
71 71
77 77
AUSTRALIA
HONOLULU. SUVA. NEW zitALAein
Tito Palatial l'asscnver Ntetfmers
I R. M. S. "Nisisra" R. M. S. "Hsksra"
, 20.000 Tons 13.500 Tons '
flat It frfttn Vst hnAiivat. tl f
Tor farn nnd snlllntra nDPlrVtmii-llan rte
Rir.r.. fl2B-0.1I Chefttniit fr.. rhllnrlclnhln. r
to Ciiniiln-Au-itrflHnn tos-1 Jifall JlntK iO
5 N Y Rw.V 4s. . . , 43 li 43 4,1
1 X X Tel gn 4s 88 88 88
OX YWC&B4s 43 43 43
0 Ore Short L 4s. &" 85 85
1 Ohio Con 4s.. 83 Vi 83 83
10 Pa g ct 4s. . 85 85 85
4 Penna Cs '08.. 1)4 Vi 04 04
1 Pere Maro 5s., 84'A 84',i 84
I Sinclair Oil 7s. 00 00 00
5 Scab AL ad 5s 48 48 48
15 Sth Pac cv 4s. 84 83 84
04 do cv 0s,...100 105 100
1 South Rwy 5s... 03 ai 03
1 Utah Po & Lg 3s 88 88 88
48 U 8 Rubber 5s. . 87 87 87
18 IJ 8 Steel s f 5a. 100 100 100
8 Union Tac 4s... 80 80 80
1 do Os 104 104 104
2 V K of G R & I
5s 1010 0OV-.
25'' do 1021 08
111 do 1037 Ofi-li
10 Va Os Bro Bros. 71
1 Va Rwy Po fis. . 77
BUTTER, EGGS ANO CHEESE
Neil" York. April 7 ntJTTEn Higher
and firm Receipts, 0588 tubs. Higher- '
scoring. 88'j Oflic. extras. 05'i 08c nrsts. I
8SV(S,05ci aeconds. 81W08c; state rtalrj, 84 '
85c: Imitation creamerv, 40050c
.KOOS Firmer .Receipts, 35,782 cases .
Kxtras. 45VSc. inside; extrs firsts, 4445c. I
nrst northern, 4844V4o; first southern. 44'
JP444c: firsts, 41V448)4i seconds, 4l
48c: dirties. No 1, S940Vjo: No 2, 89
80)4 c: checks. No. 1, 374 !3S),c No ! I
8788c: stale and nearby hennery whites I
88088Viri gathered whites. 52c. Inside; Pa-1
clrtc coast whites, 4(!50c: western and I
southern gathered whites, 48Kilr: state and
nearby hennery browns, tflrft4!)c, mixed col-1
ored. 4450c
CHKKHK Irregular rtecelpts. 824 boxes.
Slate, whole mllK, colored specials, 32U
82)1 c: flat, whites. 88088)4 c! (1st, colored,
average run 31V 782o; flat, whites, average I
run, 63!i 883c. twins, specials, 3738c I
New Haven's Net $2,043,525
The statement of the Xew York, New
Haven and Hartford Railrbnd Company
for the year ended Decembej. 31, 1018.
has been mailed to stockholders, arid
Jlke other railroad reportH recently is
sued there is an absence of operating
revenues and expenses, The corpor
ation receives a rental of $17,005,884
from the government. The nccount
shows that beside the rental from the
director general, there is a total of
other Income of $5,502,533 making a
gross income of $22,058,417. The ex
nenditures, principally rentals! of leased
roads, Interest on funded debt ond in
terest on unfunded debt, amount to
$20,014,802. This leaves n net in
come applicable to the year of $2,043,-'
525.
Foreign Metal Quotations
New York, April 7. Cable advices
received at the New York Metal Ex
change thin morning quoted prices on
copper In London as follows : Standard
r.pot 70, a gain of 10s, and futures
70, an advance of 1. Hales were 75
tons. Electrolytic copper: spot 34,
10s and futures 83. i
')- r1-,
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
Annrnx. Tlel it Ar-rt,.
R.f. C....M. nn. 6C,?,VneS'-.rr.,r S&
an Callable Dal
312 '932 1947 3.60 3,65
4 1932 1947 4.46 4.21
4 . 1927 1942 4.90 4.45
414 1932 1947 4.70 4.52
414 J927 1942 5.15 4.61
414 1933 (938 4.87 co 4.75
414 1928 4.85
50, $100, $500 NND $1000 DENOMINATIONS
1 ------
fULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BOND
KSUCS WILL BE FURNISHED UPON REQUEST
MONTGOMERY & CO.
133 SOUTH 4TH STREET ' 14 WALL STREET
PHILADELPHIA NEW YORK
GOTEBN.MENT SECURITIES DEPARTMENT
TKX-XIIONE-. U1CIX. LOIIIIARI) 41201 KBVfaXOXK. MAIN HSI
3
iS.Y
m
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i Wl I I ; ' " '" ' i. ,!; iii, .--4- 3
Standard Gas & Electric Company
Convertible 6 Sinking Fund Bonds
Due December 1, 1926
PENNSYLVANIA STATE TAX REFUNDED
Company serves a total population of about 2,200,'
000.
. i
Net income for year ended Dec. 31. 1-918, more than
three and one-quarter times the annual interest
charges on these bonds and $750,000 Collateral
Trust Tfo Notes, which are. senior to securities out
standing having an aggregate par value of $28, 1 71,
963. In addition there will be pledged to secure this issue
securities of underlying companies, having a market
value estimated at upwards of $20,000,000.
Special circular upon request.
PRICE 96y2 and interest.
THE STANW00D COMPANY
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