" r t Al EVlW2sT( PUBLIC LEDGERPHILADELPHIA, WEDNESDAY, APRIL 9, 1910 s i x'-t' t'l M M FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS :'iJiM L Til IP Vrl Wr. PI 1V. nt & April Offerings tfljlVERY Investor will find 4 JLU our April circular of ,'imtercst; CO issues of bonds 'and short 'term notes are , listed: f 11 U. S. Government s 7 Foreign Government f 12 State and Municipal 9 Railroad and Industrial 11 Public Utility 16 Short Term Issues Attractive selections! hlch yleMs Send for circular PU-lild TheNationalGly Company CtretptiKtinl Offices in if Ciiin PhiUdelptiia 1421 Chestnut St. Telephone S400 Locust ill BO V BULL MOVEMENT CONTINUES ON NEW YORK EXCHANGE Many Issues Score Wide Gains Chandler Motors and Asso ciated Drygoods Prominent Early Peace Expected High Points in Todays Financial News Wide advances were recorded by many stocks on New York ex chaiiKc,.with motors prominent. Wall Street was generally confident pence treaty would be signed soon. Oils led Curb trading. Corn yielded after making high record for the season. Cotton was irregular. Foreign exchange showed an easier tendency. Outlook for Penn sylvania craps was reported excellent. The Philadelphia Electric Com pany's annual report showed inci eases in gross and net earnings. Bar silver was higher in London. Income Tax Rates Are Highv-Don't Overpay You hare Mllmaleil your Income. War and Kxresa Profits Inir. In order that Ton may ret the. Iienetlt of nil Deduc tions and nil lh Adjustment of invested C'aplldl to vthleli 3011 are entitled joti sltould Iiav 11 co over your m count. We epeclnUxe In prenurlnc ninl flllnc re turns! and the hiimlllnc of elnlm. for taxes overpaid, with the Depirtment. J. E. linns, formerly Head Auditor. Income Tax Department, Washington, D. C R, TJ. Carr. former Kevcnua Asent, Income Tnx Department, Philadelphia, Pa. HAAS & CARR riihlle Accountants Consultftnt on nil Income Tot Matted Pennsjlvania Building Spruce 915 Philadelphia, Pa. - U.-S. LIBERTY BONDS $50, $100, $1000 COCCIIT. R!I.II AMI KKfOUMEXDED VOIl IXVKSTMENT , Newburger, Henderson B Loeb 14 lu ClIKSTNI'T r-TKEITT Member . Y. and 1'hiln. Mock Kxchacces Now York, April II. Another ilny of u bnU minrkct, which for itt fontiniiFd progress without snhxtnntlnl reaction hns never been cqunlod in the liiotory of the slock cchanj;c, vvns lidded to the list today when many stocks made gains ranging frinu I to 1ft points and there was an active going lnnrKct in all securities, with numerous issues in urgent demand, while nt the same time selling orders in large volume caused heaviness in 11 number of stocks that lime been active mid strong for soinetime. There was n disposition to nttriliute nearly all the selling which oc curred to the fuel that an important speculative element is disposed to legard the -itmitiun in Paris as uncertain. They have ns n foundation for this belief the fact that the foreign exchange markets hac been heavy Mure the rabies from Paris hae reported n less bright prospect for an dirly agreement at the peace table, but in spite of the tenor of these cables the most important interests hero and abroad agree Hint the differences now existing are simply matters which lite to be adjusted In the natural course of the deliberations at the conference and that before another week ends the pence ngieement will be signed. Among the wide prii movements that were deserting of notice were the adwincc in t'hiindlr Motors of nearly 10 points to 1 JIT and in Associated Dry (loods of 7 points to .'17. The feature of the strel group was the sudden demonstration in Bald win I,oeoniotie, on which that stork luhanced nearly 4 points to !K!avj. Industrial Alcohol rose about ."1 points, crossing 15!). I'uiteil states Steel was watched witii intense interest, ns many beliow that its action will determine the course of the market next week. It was heailj traded in at !).'' and OOi. showing little net change when the market closed. The copper stoiks were nctho and strong all through the day. Motors were the most prominent features just before the close, when tieneral Motors led tlint group with an ndvnmc of 5 points, crossing 170, nud Sttidebakcr crossed t!7. All the petroleum stocks were influenced by the activities of the Kng lish f5o eminent in nripiiring nuiilnble oil properties in ninny parts of the world. FINANCIAL Dividends J OFFICII OF Till: t MTF.n iS IMI'RUV! ME.NT COMPANY N, W. Cor. ltro.ul iind Arch streets rnllailclphli. JLirch 12. l")lli. The, Directors hav this day ilrclartd n onarterly dividend of 2 per rnt (It r-r fthafe). pnyabte April 15. 11)10. to stock 1 , ... holders o rerord nt the clou- or liuslnisl ' IlldltSXri 0.1. March 31. lain Che. Us wlil bo milled I ' I W MORRIS. Treasurer E DRY IN WALL STREET; LEAD TRADE ON CURB Oil, Leather and International at New High Rec- MARKKT STKKKT TITI.K AM) TRUST COMPANY 8, XV, Cor. rirtr-trtond nnd Mnrket Sts. -Marrh 11; l!)t!) Th Board of Director hav this day de , rlnred a aeml-nnnuil rt! Idc n1 of three per rent on tb capital of tho Compnnv which I ras pain in prior 10 November 10 wis. payable 3lnv 1st. tntD to ptockhoMerB of record nt ihe ctos of hulnes Anrll ir. 1010 ItnoINAl.n ll CHASiK. Treasurer obacco Groups Contribute to Million-Share Session ord on Sales Sunning Into Thousands AnnTill Klrrtlnns Storlt sales today on the New York Kxcliangc totaled l,S02,500 shares. I a-.tiii: MK.MHKRS of Tin: piiii,. &Z& dctphht ContrlliMtlonnhlit for the Infturnnre of Houses from Iiss lv Fire are notified that a general meeting of the con- I trlhutora will be held at the office. 212 South . Fourth street, on Monday, the 14tli day of 1 1 t ,.W.,. Mk - ..,., ... ... ......WV ., w ...... t ... , ,,.. ,1,1. cnooee aireriors ana a treasurer, in ac i acnieveti in me iniiiisiriai jisi. inr i oil, leather, tobacco and chemical New York, April !). The New York Ironing Sun's financial review this afternoon is as follows: Prices were stroTIg today in another millioii-share session of the stock mnr- Advnnces of 1 to 5 points were cordanoe with the rhortpr. J. SOMr.HS SMITH. Secretary. TUarch 2R. 1019. i'Rnpnsis groups, together with, the more nigmy speculative specialties, contributed most !of the pyrotechnics to n performance CAI.I. I tilt IIlIIH I'tiu I . . . ,. ,. .. , ........ , , ..'.. STUKKT niI'KOi:MKTM. Ktr.. on TnK ' " """ "1" '" " '"Uiusmsiii .11 u nii 1 .nis- oi.OUt ti:r nnCMNf: phof.ct. ling as much from the allurement of the NOREO VirB.FCKNTORrTON.sHlP,Raim, w , ,., ,,01lIation. ' raKRlKNCYTCTnriroRATi I Tl'- imagination of the public, usually Sealed nrnpoaiij will he receded at the of- disposed to take II lling under promising f!ce of William II llnarilman. Project En-I . . . 1 1 . i 7. Einetr, 421 Walnut st , Philadelphia, pa., circumstances, was again caught by the JSIL,1' nVnd.".r"T,,- 10,.n 'r ino Zm.' humming of the tape, and heavy traus tructlon of Street Pavements Curbs Out- ( . , ,.,.,. .. . . tera. Stcrm Waler Inlets. Street Walks actions translated inclination into a House sVnlka nnd work Incidental thereto, ' ....11 nii. ;,.roktihle inelinntinn into n on the Gloucester Huuslns Project. NorB 1 wp" "'" rpsisill)ic inclination into a Villas. Center Township New jertey, for state of affairs took but scant account S,n,t5I,states..shlI1I,ln8 Hoard, Emergency ' ,lf ,,,.. ,...ntu tmcihlilos In l'nt-U Fleet Corporation, acrordlr.tr to drawing ,or news events. MiUJDUies in 1 aris uu iviuuauuna mi me wiui tne project 1 nave hccoino tin old story. AODouy --- .- uh nm l nine nnu iJidtc HIT knows bow miuli or how little they inaj pronosals will bo publicly opened and read. flit nnd nftpr f.irr.H "S nlnn, nniRn.. '.. ,. , 1.. .. ..... , v'tionn. blank form, and" all necessary In- """"" ''. anyway, latest m.vices formation may ne oDta'ned from the project seenieii to iiidicaie tunc a peace agree enclneer. 420 Walnut St.. Philadelphia, and I ,,,, u u,i f (tn! ,t ; ii..,n M;anB msy also be seen nt tho field ei imwre oniew on tne project. Tho approximate tost of th work to b done Is S140.000.no. Each hid must be ac comranled by a certified check drawn upon a national bank or truit company In tho amount tif twenty-five hundred dollars l$2300). payable to the United States Ship ping noard. Emergency Fleet Corporation. Only experienced and responsible bidden will b considered In awardlns the contract, and. bidders may bo required to submit evl denco of experience and financial ability tuf flctenl to warrant their undertaking lh work and carrying It on to successful com pletion. The owner doea not obligate Itself to eccept' the lowest or any bid. New orli, April ! 1 1. ere was heavy trading in manv issues on the Ilroml Street "i:rb iodny, with th" dealings in International Petroleum at tracting most attention because of the announcement about England's acqui sitions of available oil properties in nil parts of the worljl. INDUSTRIALS Test, rlosn Bid Ask 4 r;s rS. SECURITIES AT AUCTION Tho following securities were sold at auction today by llarnes & Lotlund : S ' STOCKS Shares 2S Corn Hxchanse National Bank, par XIOJ 3?il 13 Corn Kxchvice National JJank.'par , alOO 3?(i 3 Pilladelphla National Ilanlt: par iwic. -a.-,! S3JIedln Tltts and Trust Company. par 123 5,-,ii 0 United Uas and Klettrlc Corpora- ., Von ""' pnfcnefl: par 110(1 . 3') 3 United 0.1s and Klectrtc Corpora tion first preferred, par lino . as 23 Pennsylvania ItnJIroad Cotnp.ins . 41' 8 Pennsylvania Academy of tho Fins Arts, par $100 si4 10 IT. K. MulforJ Company, par $."iii. r,0 20 H. IC Mulford Companj ; par tr,0 5SU 100 Atlantic City and.Chelsen Improve ment Company, par IriO... . 71 7 Smith, Kllno i French Company; par J10O .oj ,2Achenbach & illller. Inc.. par SHU too lTHdellty Trust Companv . par J I no n.Ti V. Fidelity Trust Company, par J1II0 .V.'HJ 7,Ioiran Trust Comoanv nnr sum . l.-,rk U'4'hlladPlphla Trust Company, par tlOO ... Tin ,.11 2-3 rlifhta to. subscrlbo to Franklin i Trust Comnanv ffl tl'lZ . aili , ,43 1-3 rlchts to subJirlbo to l'unklln Trust Company ft It2."i. 31 5 Pelham Trust Commny par lino 130 12 Thirteenth end Ftft. enth Streets , PassenKtr Railway Comnany 201 4 Thirteenth nnd Fifteenth Streets p' I'assenser uoiiwav company 201 0 Thirteenth nnd Fifteenth Strer.-s i, ' Passenger itallway Company . . 20" !r"- , IIOKO- IV Bond end mortgage for snn at (1 per to permit the President to return home and perhaps summon an extra session of Congress ill the tirst week of May. It is a cheerful philosophy whiih I Wall streer lies been indulging in thus ' far this week. It has gone througb so nimh needless worry in the past that I it s(.(.iis now to have reached the con ivlusion that things may be settled I without all tlfat wrinkling of brows nnd fearsome imaginings. Pool operations in individual favor ites have liad their effect in attracting dealings to the entire, industrial list. Illinois ,t ''M-!' fi cent: CharleW II. Wilkinson to John R. Innls: dated April 2. 10O7 and recorded In Dela ware County Mortirafre Hook J(. ."o. i..,imt .page SSI), on brkk mcauaE And lot at Koutheaot corner of Flower an1 Fourth jttreets lame city or rhf"f Delaware b.. Pa.; lot 12.25 feet by 120.H feet kniUlA flchuvllclll Countv tlallwuv fnm. ifiir pany G per rent: flrnt mort &$,, meet coution January and ISKSrA Klrctrlc Company. A per cent; f-lCi Jiri iien: couron8 January t.'.r1 ".. Hchuylklll Eleetrlo Cnmiianvl && hnr ". 5u() Hchuylklll ,,J Hallway comnanv. r. per cent! V JVJ 1 ft, 00i SDH first consolidated 'mortvaite; roupon. April ana ucioiterj dun 193.1. 100 shares Schujl- r Jklll County ItAllway Company. nar 130 1-ot toOO f0 IxiKtn County Light and Power ' t Company, il per cent; first x . mortgage: coupons 3iay and ,'. November: due lost..,. A,... ,V'JClty nf Philadelphia. 3V4 per "V, cent: coupon January and r ' , JulyL due December 31 1020. t T600 Municipal Service Comoany. 5 ,f. K per cent first lien morteage: " V collateral trust; coupon Starch -..' t and Heptemberj due 1042. ., R2 'S7W Copaujnr''Jo Oompajny (Alian- t ay tio City. N. J.), n ner rent; ' Unit mo'lgagej raunnna Jan- rr .. jmrv gnd Jnlyt du Jamiary. tl.ttot? ftfnaranteed nrlnrlnal unrl "'innriat bv thn American. Ice , v&.viuimi,x .fsft.M..,,..,, run Hmmeoton nd Ka Ilatbcr taa taouiaBy; u .nr oenti nri mi jwiipii J,'J3epwry pivntrt, Ut It Is possible that the pace is u bit too rapid, but it is thought likely, if so, that the maiket will adjust itself in the same orderly way that it has done re eentlv without bringing -about leal weakness. The factor fiTTIliis is the Ohio conviction that the economic position of Prairie the country is fundamentally sound whatever sutface storms may come "king. The steel price question still remains to be settled, but Director (ieneral Ilines was to have another conference today with the industrial board, al though Chairman Peek, of the board, was in New York. The informal get together meetings of the bankiug nud tailroad leaders here gave timely indi cation that the railroad problem is en gaging' the attention of those most capa ble of forwarding the interests of the roads pending the congressional inter regnum. . The passage or the unrsou-.uiiruu fare bill in me ivss.i.., ............ icjj . , strength to uic uuunuii .,,...,. ...... steels were slow in getting started, but nt middnv they, too, felt the buying impulse after a rise in the equipment stocks bad shown the way. Haldvviu, American Locomotive, American Cor ami Foundry and Hallway Steel Spring were all btroug. The coppers did very little nnd the shipping issues were restrained. The mils were scarcely changed and were for the most part neglected. Trading continued in good volume in the late session, but prices reacted In nn irregular movement in the last hour, Most of the steel gains were lost. Evi dently the rapid rise bad already in vited rather general taking of profits, Liberty Homls were soft. City of Furls C advanced a point. The Iron Age states bluntly that tho price "wrangle at Washington has halt ed business in iron and steel," nnd that "conlidenee in co-operative price mnlntennnee hag been shattered," That journal sees a growing expectation that price readjustment will take In labor as well ns prpducts. and that GO per cent operation of mills, the case with most independents, has already made inroads on weekly wage earnings. It poIntH out that the price, of mils, which has been most warmly argued, Is the lowent ou the list of finished mnt terials. making thr deduction from thl that other materials liavQ a better Aetna Explosives ... AmtV-llritisb Mfg... Anier Slarconi Amer Writ Paper. . . Air Reduction 4i fi.i Canadian Car Co... . U." :'"i Can Car & Fdy pref 7." S" Charcoal Iron ( 7 Chevrolet Motors ...1!M) 2) Cramp & Sons !I0 !)." Curtiss Aeroplane... 11Y Y. Carwen Tool ."! 8 Carbon Steel S7 l)'2 Emerson Phonograph I!1. 4 Ilendee Mfg Lake Torpedoboat. .. 2 L't Lehigh Coal Sales... 80 Si-; Lima Loco 34 ;j(j Maxim Munitions . . U n1 National Annliuc . N Y Shipbuilding.. Nor Amer Pap Pulp Otis Elevator Peerless Motor Poole Eng Scripps-Rootb Standard Motors . . . Steel Alloys ...'.... Submarine Swift Inter St Joseph Lead Todd Shipbuilding . . Triangle i ilm United Profit Sharing 1 I J S Htcamship ;t T'nited Motors 4(1 World Film 14 Wright -Martin Air V,U, (sale) 4'. 17 O 80 34 ',i Wi ;!4 4 70 '2'2i. :m" L'O 8 :: t!0 05 18 4Ts 21) .100 3ft . 10 . 79i . 44-y, 1 a'.itlii ", ii-bnnc:' ot furir .revtaloa downward STANDARD OIIj 170 3:15 Pipe 200 S O Cnl 203 SON.) 072 SONY 350 INDEPENDENT OIL Harnett Oil & (Ins. -ft Commonwealth .... 4."i4 Cosden & Co 8" Elk Basin (aj Federal Oil 2 Inter Petrol 2I)'4 Houston Oil so' Merritt Oil .... Midwest Refining Met Tetrol .,., Ohio Fuel Sonuoynb parted x lttt JlUlllll , , Island Glenrock ' MINING STOCKS .viiniun Hlg Ledge' ' Hoston & Montana Rutte New York.,.. Con Ariz 0 F 8 & Jerome , . . , First National fioldfield Merger . . . Goldfield Cons ; Goldlield Florence.. Goldfield Kewanas.. Green 'Monster Hecla Mining Howe. Sound Independence Lead., Jerome Verde Jim Ilutier Jumbo Extension ,. McKInley-Darragh. Magma Copper...,. Mother Lode Mines Co ot America Nevada Hills . , Nevada Wonder Niplsslng ..... Ohio Copper . . , Ray Hercules , San Toy 7 Stewart ,. .. Tonopoh Extension. 2 United Verde ...., 35 West End Con .,., xl White Caps ,,,.,14 23 40 30 !) ,i Ki 00ij 13 100 n'i 3 40. .1 LT'j (iO'o 3 2(!0 070 1 340 20.-, 20S 070 3.T3 STOCKS 1 , 7t 40 fi 1(1 !' 211 82 30 70 'ft 18 7 45li 8 4 OVA " 1 1 G 10 40 U ft C 3'j O " 34 13 47 30 37 1-32 3 8-i 1 CV 1 7 20 so 8 r.W 3?i 3 9i 37 in ro 32 40 0 94 0 30 28 sou 10S 3! 8 . 03"74 NEW YORK STOCK SALES I.OW IrflSt 32 CMliSMH 7li ,H:i 3'J 3'i 33U ft)!i "U'j 3! C8' i 30'X 37 i i I'oOJj ldrj'a Trevlous U-. cl0''' I"h Adams nxprees... 38'... uvance Humely. 32,W J3f " jvuineiy pr. (jfl AJnx Rubber 7714 Alaska rjold M... 3'j Alaska Juneau, .,, ' Allla-CI,.,!.. . . . Allls-Chtilm M pf' -OOU . nm Arlcul Chem.lOO 11C iKuvui un pr. iuo Am Beet Sugar... 7Mi 70 7R!i 78 r? . r,m f.i;,' fit ,5ij Am Can pf . .100U 101 100'j 101 "m V.nr.& I"M'--' & '4K 3' " ..... -uiiim wil... 411; i Am Drue Synd... 3!j Am Hide & Lea.. 22f Am H & ica pf.. C0f Am Ife 4r,H Am Ico pf 031 m international. 00 Am Linseed 40! Am Linseed nf... 8 H Am Ixicomotive. . fin Am Loco pf 103 Am -Maltlnc- iii Am M 1st pf oof d. 6'i Am Smelt & net. 71 m & Ref pf. lOo 105 10.", 10j Am Steel K"ilr!.s. Htu 00 mil s' Am Sugar Henn.. 130Jfl3U 120H 129H Am Suear Ref pf.H7.'i Am Sumatra Tob.113 114", nil's 1I3J Am Tel & Tel lOJJiltW in."i 10"i Am Tobacco ....2fl8 207Ji 207Ji 207,'f Am Tob pf new.. 100 100,'i 100."! 100'i C0H ).'' 4Ul V3H 13!i 13' 22T( 22 22 lOl'wiOOb lfOJi 40.U .15.'. 4.V'i 037 1 03? 1 &Vt 4Wi 41 -tJ 07Ji "rifl.'i "ri" 101 101 101 I.'i Pi Pi o3.'( aVi 53'i 72,'i '.O'i 7P( 0P1 34' 4.T.' 4IK 42,', 14.', li.'i lPn 141a 41 4lj T3'. (12 02'i 37 l 3(1 so' i 78 son h2Ji 2! ' 2!i 80H R6H S01 2 123.'a22.'4 L:3 "rs.'i 'so:.' 'n'i 4SH -18' i 48" 55 55 55 Am Woolen r.S Am Woolen pf . . m! , Am W Puucr nf . . .11 Am Zinc L & S.. 13'i Am Zlno L & S pf. 44.' i Anaconda Copper. 02 Asso Dry Goods.. .IO'j Associated Oil... 747J Atch Top & S F. . ()27i Atch T ft S F pf. 80) i Atl Gulf & w I.. 123 Atl Gulf & XV I Df. 07J i uaiavvin Ixjco ... 80U Bait & Ohio 48H Halt & Ohio of. . . 54 Barrett Co 133 133U 1311a 133 Barrett Co pf...H5 Ilalopllas Mining, ijj Bethlehem Steel.. 72' i Beth Stl Class B. 72Js 35i 71! Both Steel 8 pf.lOSU 10S' 107 Booth Fisheries.. 10'i llsji 10' Brltlyn Rod Tran. 2154 22J 22 Brklyn Union Gaa 7 11 Burns Brothers.. . 158HlG3!i 159! i lC3!s uutte Cop & Zinc. 7!i Ji 7?i 7! Butter'Olt Co ... 24!i 25 21 25 California Pack.. i3f t.Ti ri2!i 2'a California Petrol. 2ti!i '.0!J 25i ' 5' 70!i cmi (J. ''.' ()0'4 CO', CO i Ml'i IGOJ-ilOl'i 15'J'i 101'a !il07!; 'i l!)!i O'l NT '7 32!i 3Pi 41!i30!i 1371.27' a 5b.' 58! i 21.'S 30 J. 70' 2'i 77'a C0.'i 35 '44,',' 27 70' s -"-). 37'. 45. 47!i 21!i 185. 7f'( !3!i 77'a 00 35 3J'i 41! 1 137'a 58'i 2l"i :i7!i 70! 1 2J.'t 77! a GO 35 I3;i' 44 8'j 24 37 4P: 47! 57 20SS Ci 78!J 13 3..'.' 4Di 47i 20!i roii : V2i 103S 28 18 55 3D. 12? lO.'f 27!i 18 .3 3t!i v:'A 16.'.' 273f 18 :3 California pct pf calumet & Ariz. Canadian Pacific Case -(J L) Co Df. Hi Cent Leather Co . 77! t Certain Prod 31J.S Cerro de Patco C. 30 W Chandler Motor. . 127H Chesa & Ohio ,8!i Chi Great West.. M Chi Gt West pf... 10 Chi Mil & St P.. 3U CM M & St P pf. 70U Chi U I & Pac... 24.'i C R I & P 7 pf. 77H C R I & P 6 pf. GO'' Clev C C & St Li.. 31 Cluett-Peabodv . . 04!' , Colo Fuel & Iron. 44 Colorado South . . 25! Continental Can.. 78H Chllo Copper .... 24?' Chlno Copper .... 37 Columbia O & EL 455 Comput Tab Rec. 473 1 Corn Prod llenn.. 577i Corn Prod Ref Df . 105 Crucible Steel ... 07'' tS? CG3i hi Crucible Steel pf. 94.'.. . Cuba Cane Sugar. 2(1! 20? Cuba Cane Sue nf. i7U 77 Cuban-Amer Sug.l84'i 184!' 184! 184,'i Deere & Co pf... 08 Del & Hudson.... 100 Del Lock & West. 180 Denv & It Cr pf. 7 Dome Mines 12? j Erie 11? j Erie 1st pf 28 Erie 2d pf 1S?J Fisher Body .4 Gaston Wm&Wig. 31!' General Chemical. 103; .. . General Cigar ... G0J GO General Electric. . 15!) 159!a General Motors .. 174 170 Gen Motors pf. . .. 91 .... Gen Motors deb . 91 Goodrich (BF)Co. 07M Great Northern pf. 92? a Gt X C for Ore P. 42" i Greene-Can Cop.. .'3W Gulf States Steel. 55?j Hartman Corp... 553-j. Haskell & Barker. h0 Illinois Cent 9!IJJ Inspiration Cop... 51' Interboro Consol. . 37S tnterboro Con pf. 14 Inter Asrlcul 19 Inter Acrlcul Df. . 72 Inter Harv new... 127 129J-a 120!, Inter Har pf new. ILK Inter Mer Marine. 20!i 27? 20K 2C!i Inter Mer Mar pf.ll3JU4 111? U2!i Inter Nickel .... 27 27!i LOJi 27U Inter Paper 45H 47H 40 40'. Inter Pap pf stpd. 73 Jewel Tea 39 44 39?" 42 Kansas City So... 19 Kelly Sprgfd Tlre.l23?il27J. 125 125 Kennecott Cop... 32! 32,'i 32), 3:5i Lack Steel 711 71Ja 71 713a Lk Erie & W pf. 13 Lee P.ubber & T . 20! i 27 M. 26?f 27 Lehigh Valley ... 54H 54j 54!i 54H Loose-Wiles Bis.. 47?; 48 M7)i 48 Loose-W B 1st pf.lOOJi Lorlllajd P) Co. 153!jl52ti 152 Lorlllard (P)Co pf.lOSJa Mackay Co rf . . . 04 01. 01 Mann El 74 7fiU 75 Maxwell Motors.. 39!i 40 39 40 to.'j OiSa ooa 01 a MM 32 31?i 32 703 a 77 70Jj 1 7 184?i 187,' 1847J 185!i 23Ji MX 23?i 2VA 40 4G!. 45? -i0 S93f OH 50! i 00 150,'i 159Ji 1.4!i 19 01. 07! i 1 3)i 42!' 44?s 5D, 52 997, 5:!i AH 15!, 19?,' 77 TO 07 92J, 40 43' a 50? i "49 997i 0D3 4 14! i 19 74 10!' G7!S I2?i 42? 44H 50! i ':oi 99?,' 0D3 4i 14!i 10?,' 74 12734 J52 04 0)5 6?f 24?i Cl .3 30M f3J. 50!i t3J, 60? 713, i3 mi mi 0 10 B 34 13 3t 30 Max Mot 1st pf.. Max Mot 2d pf.., May Dept Stores, Mexican Petrol.. Miami Copper ... .MIdvale Steel .... M St P & S S M Mo Kan & Texas Mn Kan & Tex Df . 12 Mo Paclflo 243, Mo Pao pf 6D Montana Power... 70 Vntinnnl Acme.... 9 National Biscuit.. i.-n vurt. nm ui Xat Cond & Cable. 18?, Uii l77i la Nat Clk & S Dt..lU; ant G8?i 10? Ill 30 74! 30 10!i 100.' 51 l'3 yv? y tow 12?, 73 a 17'4 Iist 12Ji "s 7!i 17.U Previous ... ctoe lilrn St L-San Fran... 1V 123i Savage Arms .... OIK . . . iaxon Motor .... i 8 Seaboard Air L.. 8 73a Seab Air Llmvpf. I.1' 173i Sears It & Ca 179' 183 Shatluck-ArUona. 13 13 Sinclair Oil Ref.. 4Mi 40?i Sloss-Sheff S & I. ft 53 Sloss-Sh S & I pf. 88 ... Knllthern l'nplflc.. . Ill 1 1 10.",! i South P R S Pf ..110,'i 10.134 10!)'i 103)1 Kmilhprn rbillwav. ''tli 28: 2n B South Railway pf . 0; 170' ( 182? 13 13 45 45!f 53 53 ifi?.' ioi?f 08!. Cb'i 0S!f Stand Milling pf . . ' f .. 3B". Slromberg Carb Studebaker Co , . , ' Studebaker pf . . . , 0(1 Stutz Motor (2 iuperlor Steel .... 4li Tenn Cod & Chem. 1 Texas Co Texas & Pacific. 39 07 90! a 51 403 14U Pir.'i 217!-: 215 32' 327, 32U 92' UU.', 38' J tM. 90! a 52 39!,' 14! a 39 (Oli 0034 1 40)( 1434 !15!i 32'iJ 01?i Tobacco Products. 90' i Transun & Wms. 4.'?,. Under Type Co ..Hi 145 145 145 Union Pacific ....130 13034 130 130'f Union racldo pf. 73 73 73 3 United Alloy Steel. 4:-'i 43!, 43 43 United Clg Stores. KfiU 135JS 131!f 1351i United Drug 117 . UnltedDrug2dpf.il 110 110 110 United Fruit ... .').' United Rys Invest. 10' Unit Rys Inv pf. 26!" 26 25)4 ?5!4 United Food Pro . 67'' CK'S G7! G8 U S C Ir P & V.. 22), 22'a' 22)i 22v USdri F pf . CS 58'i 58 5834 U S Rid Alcojiol.. 15!a lf9i 155! 1593a U S Ind Alco pf..l07 10734 10734 1073a U S Rlty & I Co. 37 37?i 3(i 37 U S Rubber 884 903 87!, c8!a U S Rub 1st pf..lll?4 U S Sm Ref & M. 49!' U S Sm II & M pf . 18 V S Steel lh!4 V S Steel pf HG?i Utah Copper Utah Securities... Vu-Caro Chem.... Va-Caro Chem pf. Va Iron Coal & C. Wnbnsh Wabash pf A West Maryland . . Western Pacific... West Pacific pf . . . West Union Tol. . Wcstlngh E & M Wheel & Lk Erie. Wheel &. L E pf . Whlto Motors ... Wilson & Co Willys-Overland.. WIUyH-Overld pf. Woolvvorth Co.... Worthlngton P... Worth P pf B 70 10 GO' a 112 50 8). 33 1031 18 53)i hG!4 4734 8!.' 17 B-Di 84 29 94 12354 05 1117s 50' 473 i 91?, 110", G)a 1074 023 1 111?,' 11134 49!' 50 473 a 47)4 '.o'i l!a 110'i 110-a 7534 70 10!-i 10'a Gl 01!4 Snlrs In "Iff. ., . HlKh Ijivv Iist -US Itealty Os.. 711 V4 7 73 nrt i' a t...ii. f. l,-A? n-w o-m " u jtuuuer U3. oivs oi 'i ovs - tio 7s 103v, 103 103 30 u s sti r f r.s.. :ioo 100 1001& 3 Vn ling & I' 4s 72'j 721. 701 U Union l'nc 4s.. 811 8(1 A 8(1'. 11 Union l'nc (ls,.104V 10l', 104',,J J do cv rs 10.Ts -' U K ot ( 1 & I fiijs 1010 110 j 02 U K of 0 It & I fit,s 1021 08'4 100 U K of (5 11 & I r.8 1037 00 3 Va 0s Drown llros 70", 1 A a yar Chm (Is .10li 10li 101"4 J v est Union os. . 03 C Wis Cent Sup & ODATls 7o . 1)0 Vi OS-?, T04 03 00 Mi 0S7i 70 03 Philadelphia .Stocks 8? 4 33 10Ji 17 53 bGKi 40)a 8H 17!a 51) i 83)4 29S 93?' 122! 122' 122! 07! Gj 72' a 72' a 8! a 33 10",' 17 53 8034 47M 8)4 1734 55J j 8374 3034 03! 8! a 33 1034 17 53 8U3S 47)4 8)4 17)a 55)a 83? 30)4 93!. 723 i New York Bonds Sales In J 1000 HlKh l.mv 14 Amer Agr ilcuos.lU'.l't ll . ... ... . ,, , ,..,, i,,j',4, Aiigio-rrcn os. siu-n .".Am For Sec 5s.. OUT, 22 Amer Smelt Gs.. II0. 10 Amer Tel clt 4s 84 ',4 3 Am T & TCs.s. 01 24 do 0s 103 2 Ann Arbor 4s... "(( 12 Atchison 4s Ki 1 Atch Tr S L 4s. 77 2 Atlau Co L 4s S3 3 Halt & Ohio 5s. 80 2 do 4s 7.":)i 0 do cv 4s .. 75 1 It & O V L K & W V 4s 72 5 It & O Svvn 3 83 5 Itcth Steel 5s '30 85 1 Itrndcn Cop (Is. 04 1 Itwy & Scv Ave ' It It 01 1 Hush T Ulds 5s 80--)! 10 Iiordeaux Os . . 00 4 Can Oovt 5s '21 0S 12 do 1020 00 1 do 1031 07 OCeut Leatb 5s. 0r 44 Chile 0s S0 1)0 99 DO 84 1IU-H List lO'.l'. 1)0 00 90 81 1IU-8 lOOAIlin Ins,yih 35 Am Gns. C5 15 Am' It pf 0." 00 Am Can. 52 000 Hald Loc 03 lOlteth 11.. 72'. 100 Cent Lea 70 1400 Klec Stor 70 05 Gen Asph 05'. 2320 Lk S Cor 20 35 Leh Xnv 00 " 50 Leh Val. 54 12 Nor Ccn. 72 570 Pa It I. 44-j: 1 Pa S M. 82 01 Ph Klec 25 25 PUT f 24-71 10 Mi Trnct 07 20 Heading. 85 153 Ton lid. 33 310 Ton Miu. 3 177 U (J I... 70 00(1 U S Steel 00 500 W Cramp 01 20 York It pf 31 I.o w 21 05 05 52 00 72 70 (50 04 20 0!) 54 72 44 Net Close (hi 21 05 . . 05 1 52 03 4-3 72 70 2 702 05 20.. 0!) 54 74 . . 24 07 85 3 .3& n 08 03 31 11.. 82 25', . . 24- 07 . . 83 3', . . 3rV-. 70 0875.. 03 2 31 .. STORAGE BATTERY AND LAKE SUPERIOR LEAD LOCAL TRADE Former Becomes Active and Strong, Recording Wide Advance. Other Home Stocks Quiet and Generally Steady There was a substantial Increase in today's stock trading ou the Phlln delphia Kxchnngc ns compared with business transacted In recent sessions, and tho mnrket was generally strong. Klectric Storage ltnttery came into prominence again, becoming nctlvfl 1 nnd scoring nn advance of ns much ns 1, nnd that issue nnd Lake Superiof ' Corporation made up the bulk of home-share transactions. Superior was in good demand, reflecting announcement of negotiations by one of Its under lying companies for the sale of large timber lifbds, nnd was firm, but there wur no news forthcoming in the Street to explain the strength of Storage ltnttery: I General Asphalt continued to bhovv strength) making n substantial advance, while American Itailways preferred rose 1 point. Pennsylvania Salt and ' William Crnmp certificates yielded nn much ns 1 point. Changes for otheri i local issues were frnctlonal nnd uninteresting. 3 Pennsylvania llnilrond showed more momentum tlinu recently and held at J its previous level most of the day, while Lehigh alley shaded slightly. ' Itnldwin Locomotive became prominent by showing 'unusual activity for the Philadelphia board and was much higher, the demnnil being attributed in some sources to prospects of a dividend on the common shares being declared at the May meeting. Steel common developed fair activity nnd was firm. Philadelphia Dlectric first 5s were active in the bond division and slightly higher, while Lnke Superior income 5s gained 1 per cent nnd were the leaders. IIONDS llllh I.ow .Vet uloso chge. 00 1 09 1 03 1 102 102 50 81 77 S2 70 757i 75 83 85 1)4 01 S07i 00 08 00 07 05 80 50 81 77 83 80 7571 75 83- 85 04 01 80 00 08 00 07 05 80 5 Chile Copper 7s 117 117 117 OChcs & Ocv4s7074 Io 4 77 10 do conv 5s ... 85 5 Chi Gt West 4s 50 10 Chi & Nw 5s '87 1)0 33 Chi It & Q 4s 05 7 CM & St P 4s'25 S3 8 Chi Mil & St P rfd 4s .. 00 1 CM Mil & StP conv 5s .... 7!) 5 Col & Sth 4s 78 50 City Paris 0s. . 07 2 Comp T Ilec 0s 84 " 1 Con Gas 5s.... 90 1 Del & II cv 5s 01 , 1) Den & It G 4s. 08 2 Dis Sec Cp 5s. 90 , 1 Er cv 4s Ser It 40 4 do Ser D 48 1 do 4s 05 1 do gen 4s ... , 53 4 Hud & M in 5s 10 1 111 Steel 4s.. 83 103 Int Met 4s.. 33 45 Int 11 T ref 5s. 70 xi 1111. .vi .wur us. 11174 20 Int Agri 5s.... 81 4 Lack Stl 5s 1050 00 1 Lk gh deb 4s '31 80 1 Leh Val rets Os.. 102 448 Lib Itond 3s 375 do conv 4s. . 57 do 1st 4s. , .. 3274 do 4s 3S dolM4s.. 702 do 2d 4 s.. 3520 do 4tb 4s. 2 Lyons Os 00 1 Manhattan sta 4s 70 12 Marseilles 0s .. 00 8 Midvale 5s 8S 2 M & St V & S SteMRy 4s... 83 2 Mo K & T 4s.. 03 1 Mo P WL 5s '20 8!) ! 77 85 50 90 05 83 70 77 85 50 90 95 83 $500 City 4s 1040 .. 00 90 2100 Kl & I'eo Tr 4s.. 09 CO 21000 Lk Sup inc 5s.. 03 03 5200 Lib ltds 3d 4'4s 05.58 05.40 05.40.. 2000 4th 4s 93.08 93.08 93.08.18 500 2d 4s.. 93.40 03.40 93.40.. 0500 I'h Klec- oOOO Un Rwy Inv 5s. '70 70 70',i ELECTRIC COMPANY REPORTS GOOD YEAR President McCall Tells Stock holders of Gains in Gross and Surplus UNITED STATES GOVERNMENT LIBERTY LOAN BONDS A,-rnr. VleH If Appror. R.. rwii.u. n Cullert. or If Ylfli) "' CullnMn nt Sfiiln nt rr Mataritr f en rnllnhlx DaU 3i2 1932 1947 3.60 3.55 4 1932 1947 4.45 4.28 4 1927 1942 4.90 4.45 4V4 1932 1947 4.70 4.52 414 1927 1942 5.25 4.68 Va 1933 1938 4.87 4.75 414 (928 4.35 S50. $100. $500 AND $1000 DENOMINATIONS rUtU INFORMATION REGARDING THE TAX FEATURES OF THE LIBERTY LOAN BOND ISSUES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. 133 SOUTH 4TH STREET 14 WALL STREET PHILADELPHIA NEW YORK GOVEltNSIENT SECCRITIKS IJEfAKTMENT TELEI'IIUMIS. WILL, LOMtlAUD 4320: KUVSTONK. MAIN iitt 00 09:i 70 7794 90 84 00 01 08 Nat Unam & S... National Lead . . . Nevada Coii Cop. N V Air Brake... N O T & M N Y Central .... SVNI1 &H.... N Y Ont & West. Norfolk & West... North American.. Northern Pacific. Ohio Cities Gs.. Oklahoma P & It. :8J 71!i 17 1131s 30 74i 30H bV.i LU IbH 110 30 74M -' lWi I7M 7iii 17 my, 30 74! i 20!f 1UU 40 48 05 53 10 83 32 CO-74 07 81 90 80 102 99.12 00.02 00.08 03.80 93.08 03.78 05.70 95.30 05.70 05.70 05.58 95.70 00.00 95.52 90.00 93.80 03.00 03.78 03.72 93.04 93.04 79 77- 07 84 09 01 08 00 40 48 05 53 10 83 32 09 07 81 00 80 102- Tho Philadelphia Electric Company (luring Inst cnr enjoyed fl large in crease in business, nnd, notwithstand ing greater, expenses because o the war nud the payment of greater taxes, its balance after charges and surplus v.vns above that of the preceding year. .Stockholders today nt the annual meeting received President Joseph II. McCnll's report for the year ended De cember 31, 1918, which showed gross earnings of $14,503,851, compared with $12,100,708 in 1017; balance, af ter deduction of expenses, rentals, tnxes and fixed charges, of $2,032,394,ngainst $2,018,104 in 1017, nnd a surplus for the year of $283,202, compared with $200,005. The balance for 1018 was equal to 8.13 per cent on $24,987,750 stock, which compares with 8.07 per cent the previous year. The report sets forth" that "during the past car the new Chester generat ing station was practically completed ' nnil will linvn nil iilttmntn pniin-lf f 120.000 kilowatts; that two units of (10,000 kilowatts each hnve been placed in operation ; the new station, embody ing as it does the best principles of modern design, should attain a higlj de gree of operating efficiency nnd, operated in paralled over the high tension line with our main generating station at Christian street and the Schuylkill river, Philadelphia, should result in increasing the efficiency of the entire system In a satisfactory manner. "The Hunting Park substation struc- urc was completed and the Initial sub- fctntion equipment at 15,000 kilowatts uus installed; the ultimate capacity of his station will be 30.000 killowatts, uffick-nt to take care of &ome years in crease in business in that section. "The report explained that the increase of 10 per cent In rates received last year, was, by order from the Pub lic Service Commission of Pennsylvania, continued for a further period of 'one year from February 5, 1019., Also that tho company sold $3,000000 of its first mortgage 5 per cent gold bonds. 10 Ma 20 JRii Pac geu 4s. Ont Mining 6!i Owens Bot Much. iOi, Pan-Am Pet & Tr. b2J, Pan-Am P & T pf.146 Penna Railroad... ll.' People's Uas Chic Peoria & Eastern. Pere Marquette... Philadelphia Co.. Plerce-Arrow .... Pierce Arrow pr, pierce OU Pitts C9.1l Pitts Coal pt Pitta & West Va. Pitts & W Vapf.. Pressed Steel Car. Pressed steel pi . 60H OlU 10U ii ou cm 149 . 4-lU GO Hi 13k Siii 48i 0 4i 14i 37 47H 103 101 104 20.V 10H Wl am 87 WJH SOJj U4 ou 0 b2)j 140 U 40 4H 13 itlH 47! Mi 80li 3tH 82i 70K 100 mi. 87 Mi 72J,' 00 71 09 50h U4 30;,' 6H 5W e3i 147 tlli 50 4U 13 10H 48 104 Mi BOH 87 30! i 72) 00 - 'ji 10 6 10 2-15 Pullman Co 121M mj 121!f UV.i Punta Alegro Sug. 54; 5 Hay Consol Cop.. 2I) 21U SI 211," tty Steel Spring. . -80M 8111 81 81 ny Steel Sprg pf.108 100 100 Joo Heading fc.M iM Mil hojf Heading 2d Pf..,,. 37ii. 37ii 37M 37J Ilepub lion & Stl. 3 . HiH oVif 82J,' Hep iron ft Stl ptlOOM 102 102 102U 50 M 01 70 07 84 00 00 ' 70 99 88 83 02 80 50 91 04 70 07 84 00 9(1 70 00 8S 83 02 89 9 91 04 70 07 84 90 90 BAR.8ILVER Commrirlal bar silver was quoted In New lorx louiijr Mb ... 7B Hii uunce, unctlflflfferi tr Exempt from Federal Income Tax MUNICIPAL BONDS The following is a partial list of the Municipal Bonds we own and offer subject to prior sale and change in prices; BATH ' AMOI-NT () MATL'niTT $15,000 Cambridge, Vfc, Waler 4 July. 1942 200,000 Srr.cou, N, Y., Rer. Water. . . . v 4 July, 81,000 Cambridge, Man., Rer. Scbool &'st...3l2 July, 25,000Tror, N, Y Ref. Waler Worka 4 Aug. t 35.000 Cortland, N. Y., Rer. Pavint 4 July, 40,000 Buffalo, N. Y Reiitered 32 Feb.. 30,000 New Britain, Conn 3JJ July, 125,000 Denver, Colo., Water ........ 15,000 Kama, City, Kan Park..'... 1 00,000 Tenneuee Refunding 75,000 San Franciico, Cal., City & Co. Water. 4 July, 23,000 Muicatine, Iowa, City Hall 5 50,000 Cleveland, Ohio, Street Openinr 5 900,000 Cook County, HI., Fornt Preierve 4 1 3,000 Tacoma, Wa.b., Water 5 1 6,000 Portland, Ore., Water 5 1 50,000 Lo, Anfelei, Cal 75,000 Pueblo Co., Colo., Sch. Diit. No. 50,000 Sandutky, 0., Sewer 1 50,000 Wilmington, N. C, Ref. & Imp 5 I 75.000 Houiton, Tex., Warf 5 150,000 Laurent Co., So. Car., Road 5 50,000 Duval Co., Fla., Scb. Dial. (Jacksonville) 5 17.000 Euclid, 0., Sewer 6 63,000 Nacof docket Co., Tex., Court Home... '5 1 6,000 Dade Co., fla., Cauiewar. . . , , 5 10,000 El Paio Co., Tex., Road 5 THICK TO vir.rn 4.257o 1920 4.30 1921 4.40 1920 4.40 1921 4.40 1922 ,4.40 1924 4.50 42 Nov..l948-Opt.28 4.55 4J2March, 1925-31 4.55 4 July, 1950 1923-24 Nov., 1927-31 March, 1920-24 Jan.. 1921-34 June, 1921-26 July, 1923 4y2Fcb., 1930-41 4.60 4.60 4.60 4.65 4.70 4.70 4.70 4.75 5 Aug. 1 93 1 -Opt. 192 1 4.75 .AVi Sep.. July. Feb., July, Apr., Oct., 1926-28 1923-58 1923-43 1922-47 1945 1923-27 July, 195 l-Opt. 1916 5.007o VOct., 1942-51 5.00 Feb., 1923-26 5.00 4.75 4.85 4.85 4.90 4.90 4.90 A. B. Leach & Co., Inc. Investment Securities 115 So. Fourth St, Philadelphia New York Baltimore t Chicago Minneapolis Boston Pittsburgh Buffalo Cleveland ill JM a(l Ul J.lUd. V' m - 1 I I n 1 X Y C-L 8 3VjS. 2 X X O&H 3s. 10 do Oh r, do 41js .N 0 X X Cy 4i COa. 10 do 00s 10 do 4Vis 1007.. 100 100 100 1 XY X II & II 0 82'j 82j 82 2X Y Hvj 4s. . . . 44 41 44 7 do Cs V2 12 12 2(J X Y Tel Bn 4Vs 87 87 87 5 X Y TV O & U 4V.h 43 r. Xor & West 4s r 83 J Xor l'nc 4s..:.. 82 1 do 3 !S 2 Ore Short U 4n. 85 14 Oro lly & N 4s. 708 11 Pacific Gag Brf. . 80 5 IVnna 4V4s 1021 00 44 do fis 1008.... 04 1 People's Gas Ca. 75'4 B Pub 8crv N J 08-70 42 83 82 58 85 70 85 Pierce O 0s 1020.107 107 15 do 0s 1024 5 Heading gen -In. 30 Hinclulr Oil 7b. 0 St P K O 4s., 3 Sea A I- ndj 5s. 4 do rfd 4s.... 2 South Pac 4s... 25 do cv 4s 30 10 07 82 07 00 48' 57 72 83 .i. nn rrM infill mw .n. uu tv ue. ....u..v4 nwyi AWft do rfd. 4?.. . 70 70 70 43 83 82 58 85 70 85 00 01 75 70 107 07 07 82 82 00 00 OS GO 48'i 48 57 57 72 72 M 83 'j 00 04 75 70 New Issue ,vj lloy Dutcr . V-)i.W . ,M - 04kI SlUrA A, ;,, .50 C0 C0 - $500,000 ' ' Ele,ctric Bond and Share Company 6 Cumulative Preferred Stock' V . ' . V ' , All qf thecommon stock of the Electric Bond and Share Company iswned by the General Electric Company. ' Price 95 and accrued dividend Yielding over 6.30 Jo Circular on'request. " . , , ." - Bonl?fight & Company ' MOnniS TVISTAn STROUD, JR. Manager ' 437 Chestnut St., Philadelphia . New York Boston v Chicago Detroit r'ir S'. 1 '. fCft. fei-T-. -v rf'ta-. g-'W.ff v. My - iv S-fafta"'ai '.' 1"" Ari sSsUj J "k 4 I . ', ft L ? 4 I V" - i w I t J I i i I i '15 m -f . v' m n . J Sf m l i Lm i h
Significant historical Pennsylvania newspapers