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EVENING PUBLIC LEDGER- PHILADELPHIA, MONDAY, 'MARCH r 1020
Ctffca
;Cane Stga
)Copotation
WE HAVE prepared a
' short description of this
atbck, which w will be
glad to mail upon Toqucst.
MOOREjEpNARD &IXNCH
CVSHMANmVllALL,Mtfr.
1S,
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
li-V.H)utSdir
'Walnut Stri.ut
irzCAULIOMIOlH.
rtewYork,
UlBrcotmny
MCMBCRS
NtW YORK , PHILADELPHIA
t PITTiBURGH
STOCK EXCHANGES
iJBiKjiiiimiimiiiiihfc'iiiiwi'wwi mxui
FOREIGN
i INTERNAL BONDS
ft
MARKET VERY IRREGULAR
WITH NUMEROUS SOFT SPOTS
Good Influence of Return of Railroads to Owners Offset by
Misgivings Concerning Credit Situation
New Yorli. March 1. To those who proved to more or less Milnernble to the
had looked for u blc cdcbrntlnn of the attack., of the reactionary party, who
c,,,t of .In- r.,rn of the nt.lmnd to . J? ff, 'T l-Wlnc '
priintc operation today' stock miirkct industrial list unmixtnkabV Hnnidutloti ,
xn ii Mid disappointment. Whatever nn nppurent. which, evidently, cntue
K-iI inll'i.'liec inny have been engendered from tho overextended bob. tailed pooh
i tlit- important and historical event mid cliques, who for the moment lire
vns completely counterbalanced b mis- c-.p.-rienolng considerable dlfticnltv In'
Philip prompted by th continued making their tiunucial nrrnngriiicnts
t ruined credit -ituation. from dnj to dav. '
l.ii-t wee!,"- bank MntcmonN film The railroad sliates mnde a good i
lulled little comfort for nn immediate re show of strength lit the outset in re-'
lief ttom the rc-ent unfavorable po spouse lo the signing of the railroad bill '
Mtion: rathe.- to tho contrary, with the and the formal turnoer of the Manx- ,
known lunvy ta pmmeiit ahead, there portation lines to their owners. Onltis
was i-terj promise of contiuued struin- of 1 to .1 points were made bv l'.slti-
ed moiiev market conditions and no- more and Ohio. Texas and Pacific, Sen -
compaujiui; high lonniiiR rates. Last board Air Line preferred. Missouri
week s return of the Federal lleene Pacific preferred and Wabash ore- '
Pankh showed onl a slight improve- ferred "A" and some of tho more vrpre
" nr, iadli'utioc tli dotation process of sentatlve shares. including 1'nion
coiuincrcial ci edits is piogressing er.i l'acilic, Southern rarific. .Louisville
slowly. ' i uml Nashville and Chicago and North-
I'vidence of continued I irrlit ii..,, nr western.
thi monc mnrket wii-loncliislvclv 'up. i Much of the porlx advnnep in the I
NEW YORK STOCK EXCHANGE TRANSACTIONS
Belgium Govt.
British Govt.
French Victory
Italian Consol
German Cities
rushed in the maintenance of
OS 'oont renew r.l rat? for i.ill loans, which
" fe preluded the possiuihtj ,.f mi material
cxiciimoii oi commitments on the con
sliuctive ..ido of the inuket.
After nil the day's Irregular iiml al
iui't err.Hic kj rati n of prices was
deprhed of much Mguilh .uuv by rtiion
i tin uitia-profcsviiMcilism uf the dcnl
nr,'s. 'J ue bulk of the
inateil utni vre con ti mil
5s
5s
5s
4s
V
p
JO per railroads and the kindred equipment
isui-.s whs lost wiiniu me nrsi nour. i
when pressure against motors, oils,
steels, textile and leather shares re- j
suited In extreme reactions of 2 to 7
points.
Very hear? liquidation appeared in
me learner issues during ttie noon Hour.
brin;iii2 declines ftoni - to 0'u noints
itions orig- in the group. Hide and Leather pro-
nlmost c.iierreu (iroppcu u noun nenveen sjiics
Particulars on Request
Members Sew Vc k uml fhtln
ilelpliia Ftoi!: rrhanaci
i:stul)llsliril 1803
BIORIIW & GO.
ltANKI.U
410 Chestnut St.
riill.idcJptilH, l'a.
i 'ii-iv -l witlitn tlie fni.i walls of the tiuring tiie soiling moement. ime ol
f.fM. I, lCxchaiiRe. The milx uiitside In- I the cheaper rails al'o fell bad;, but the
iluniif tn spenk of wa- -npplied, a( mnrk"t stroncthencd later under the in-i-oruiii;
in the board loom icpuitN to the tluenco of a renewed inquiry tor lending
pliiiiguis operations of n ccrtaiu sucu- equipmeuts, steels, motors nnd ui's.
I.itnc ilique now jnurrhig at the There was u disposition to hold off tin-
i Inrnln resorts. til after the Supreme Lourt had
I'lie line of clcavase was i'nibly more heard from, which reconvened ton
tigith diawn thuu xor between the after its long recess.
iiiiiliK.id and indiistniil divisiou. In' lulled States Steel van up to !1." fol-
tin- wiij the former, while moving with lowing the announcement of the tavor-
been
Ofliiy
asaramiFHii zmm. h v ija fflbu., s.!iiiiav,'!
a "'lati ilcgrcc of iiticertnintv. still
di-;i!.ied more resistance mid rosilioncj
tl nn 'l.o industrials Tin liuur con
tirned many elements of wmkues and
f?
The Canning
Industry
The iiiun oi f.)'J- t'jflH .u.unl
In thi United' siat. s 1ar year
pxcecd'il fi half, tlllion dollars
Tho Aiti'rlcnn annlnsr i -ilustry
!' the lanrest in ih
world and American iM-inn!
Eoods ur- m-trkctiul tliroU!:;i
out the globe
To lnestors we rfronuiieixl
the 8' tunmlTtlTe l'refrreil
Mo-k of
MAYS FOOD
PRODUCTS, Inc.
'ti' Successor to
" DeliHcux & Mnys Co.
(Tackers nnrt rnror)
. Will' it 8ubsian".tt mn pmi
ptocl bonus. t'ro crn '1 i!ivi-
ilends earutd 2 :,n, s Ijh
year.
ienrf for ,U I)
t
n:SnMWA
J 1 Wl W ill!
.iMi Supreme Court decision, but the
movement quiikly died out. No do
i s on was forthcoming in the long
afiitcd stock dividend oac.
r t3t nil j"i . if
J I'irr ,
i I. D. NOI
VERED OIL SHARES HOLD
N QUIET MARKET' CURB'S ATTENTION
Wall Street Generally Satisfied Group Moves Up on Denial of
vvitn provisions or nan- nepons ot oait water in
road Bill
LITTLE PUBLIC INTEREST
Homer Field
BON ALASKA LEADS SILVERS
w York
review .
NOLL & CO
Tnwt litoiil I n lirt nlos.
j 170 Broadway New York
Y
New Yorlt, Jlareh 1. Nearly all the
attention nn tho Ttrnml ctpfw,t rt,,K a.
! din was devoted to tho Homer riM
". n urUet for Meiiri-; stocks, btvause 0( tho absolute refuta
.f it to .m vor posi- tio:i of the statements that had been
cu-cuuueu noout tup eneroaehment of
salt vater in thit field.
Pull inspection of the section was
followed by heavy buying orders from
strong sources, which made all those
u-ch move un snarpiy during the morn
X'V, nl.. M in-h 1. The Nt
1'v.Miing Mi'i s . 'i-ui'- linaueial
t dm -ins :
A1' '"I. :'i toi'a
tn rid nor i-H
1 1 -. . ,,, g; r.-. .inii;rn( Mi tie lilllincllll
.uriir t mi ilitii"t! ii.ipriit.'il at
I., ,,, i.n'5 ' t"" '" " wcik. Veither
.i l.imk t.it' . ' .it c-.'.i s,-d in liv'iiiesof
in'. -Ur.. iinr ! -uiiipnun nf tl.e h'liu
.MmifliM sn.nt of wailing tor nn- mi
!i ........ .
HEE-ERSOM & LOEB
Jlc6cr3 Vev; York und
,' Philadelphia Stock Exchanges
' 1410 Chestnut St.
..... . - ii .. !. . i . t 'iiiiiii i i i . 1iiiiiiis I'l rn luini nin nniiinn r
f li-ellie touir m ' ii-iini- mi ,'"" .,.-.- - ,t-i" AW """-" ii"iu
J d wn ii deci-ou in the -tuck diwdcnd .;' ' " "C,,?,1 '"""S 1 fror"
fiis" were ride to e fleet, matirinlly tlie,-sl" to M and (illllaud rose from 10
.intpusi'- Mitisfiiciion felt over Un- icturii tu-ll'i.
of tlie riii'maih-to iiriale coutiol umler . international I'etroleum was strong
Sale.
300
100
300
ttoo
100
100
600
4000
00f0
1 00
:ioo
-'100
fi00
300
00
3300
15000
)no
too
Uno '
300
100
900
;oo
0000
14000
400
200
loo
o00
:oo
GOO
300
1100
1C0
5S000 3
3400
400
1000
400
9000
300
U'OI)
tr.o
100
100
500
600
200
oco
ioo
1000
too
MOO
300
400
fiCO
i;oo
;oo
1S0O
soo
3100
.'700
100
4700O
1000
1100
3300
400
. 300
I 1300
1 too
100
, 300
1800
I 000
300
uon
100
200
40GO
400
22500
1600
100
1000
3300
100
.100
1700
1400
400
700
3000
200
100
100
21700
200
Dlv
in
ltlch
Advanco KunieLy.. ., 3
Advunco Homely lit.. 06
Alaska Go' J Mines... l?i
Alll8Chnlmtrii 30 VS
Am Agrlo rnem S6H
Am Agrlo iW t't... 00!
Am Hcet Sufrir ..-... 10
Am full . .t 42fg
Am Car ,i lv 30Yt
Am Cotion 0l . . ,.i . 40U
Am Drungl-st .vn .... 12H
Am llltlo & leather.. 20"
' FOREIGN INVESTMENTS
Censl'to Wonnatttm uniijfifil reaani-
inti ForciuH G'ot-crH.nenl. JJsnlclpui
und Cvrjvratt sjUb.
itrn orrxu tor smx at ccrrknt
ItATEsj 1M AMUDNTS TO SD1T
1.000.000 MafUs tlt.v of Munich
4Te llond
1,600,000 Harks f U at Ha nib an
4Vto LSoniU
1.000,000 JUrks Citr or llcrlhi
I 4 Uundj
in tin1 ear v tradlup. .sellini- nt ftl
but later reacted to (S:.. Oenernl
A-pImlt was traded in nt SfJ'- to "SV-.
tJeneral Motors sold at from i" to
-I Subnariue ltoat wus ouift. with
a!r at I.'! There wa, u hhow of
trength in Marconi of America, which
wus 1 1 ailed in at l-'t to ". Orpheum
Circuit ranged finin ,'"J-" to 1,
Bon Alaska continues the most active
feuturc of the slitc- uroup.
I.VDCSTUI.II.S
lllsh Low
Acme Coal 1',
mer f.irconl 8 .
Amal Tir stores 10 10
i''inJ Motor l do -.7
'J'n-ril Molnro .'.', 04
M ni .mien-Ward 34 3
v-i-ih Amei" I'psr ... r.s. :,
il"n Tire . p, :.
Y .dlr i"'rt . J'3 j
-jhrrir'nft Ueul .. 1" 13
s'f Inteniati-'nA'. . 11 'ifiiv
I -1 Steiin . 'J .'L.
'- 'c1 l'ron C-linrink" :''i .
t lof) Ilrture rro.J.. ..11 n
1MUI'KNTIK.NT ort.s,
Oil .
Uovaltv
Gas, Electric Light
and Power Co. Bonds
of substantial and well
, t managed properties
To Yield from
mo to S
it -
Reed A. Morgan & Co.
!) ,
1.- n.
WRITE FOR YOUR COPY
OF Ol'U
'v Investors' Pocket Manual
It Ininrnutlou at all linn
cturUltt. Cent ftc
fllvins fall Indirnutlott at all llnicil ao4
rtaixit.
Scott & Stump
Investment Securities
Mrinbrrs Consolidated Mock
1 Kirhnngr nf w orli
STOCK EXCHANGE DLDG.
, I'HIUMIKI.CIIIA
Ufll und Krjfitomi TflfPhcnf
tin rriiteitii.il if b'St-hitioii. w-lileli is
nut iiidtid tn 1 iTlii'il " I'Kius as to
detail- -thai i- tun n ch 10 bo hoped for
but which ev i'l..l was prepared tw
i'l i"i at ruidi1. 11- tuc l-'st t'.iins of the'
hind" ih-.t i.iiclr. be ei.ni'U under tin
I ." in u.iu e. .
Wu.l t-iriet opur-in tounil inucli to
lommend in tl.e new law ami took Un
rest philosophically. All ncrecd that it
wan IukIjIn 'uiistructno leu'islatiou. Un
.the six n... iilhs' puarantip the roads
would be able to tird t'.ieinselves with
public p.itience anil forbeurnnce, ns the
people's contribution to co-operation
with the railroad ex. mties in res-torins
II sorwio is of vital import to a'l in
ter. vt iu the nation Th-it the luttr-
-tilto ('ointiierii- l uniii i-'iini "mi '"
ruith ciiUmed p.m.'-. would -.1 v
. r. ise as rrii-oir- ! est..r nnd ut
t ,i.t the ti-Miit i.en--ur to tiie renabil
itntion ot the 1...1.1- In the H'rli t
,-i.l r,f time r,osiblo. rin- date of
the restoration marks nn noch unlicad
In fin !ltmOst)llffO Of OPtimiSUl. ' A mu I
The moment is one of great economy Arcanum Nat Ota
und financial significance as well ' ' JSo'wyimine ' !
historic. i'od-n A Co
Tor various reason publif trad n; inl.1"'0,"
stocks was not in cwdenee although 'cfU1 ha.tn pit'. . '.'
there was some outside, buylns here ami Krtcl Oil . . ....
., . 1. ..il ...11. n.i.t InflimtrmlQ. rismsfKlORuw ....
lucre nullum nun. 1.... .. .- : r0"rai uu
r.usine-.s was quiet, however, restrained hi lllond
, tn- .niBinutual bank st'Uement I H01, ;;;
nl.icl on the htirfncp stemed h'tter -ineo fnt proi . ...
oiuo S.'il.OiiO.oOl) in cush rpsrte, nf Jlinrt ,CM1
Mr I,, id to mct d.mur.ds f th. Ori- Vtaim. "
fui und niher re--rP a- ii'ilueil inMrrli' Oil
bolMer te latio. but in other rosptslMMrcpemHMPK .
Iubvi- much f'i'i'1 for tliotig'iifjl i-otl- (Omar Oil .
iMd-ratlon. ,. ., JSA' .'
I hen usaiii transaction- wore Imuted j rtan oil .
larseb b the street waiting throuh I k'l.v oil
ti,. f,rst l...,rs of the si -UM, for the n .
llprellle Cniirt to iuiiiui'e whether or t-m .. .
.1.. .. ..... tr. I... .!..f..i, 11 i.i tho Wllilo Oil
mattir of stock diid. ml- Tl.i decision ' MINING
did r.ol conic. I'rico . h.niBes .tore nor- , t:":"r Co1 ;;";
rnw i..ot of tlie tinii in 'ii. tirsi nour K.i,hi-r oiiiii
tin re wus liguvinis-. 'Ihueulter some uic L."d
-.rilT.iiini! was upi.i.renr. '1 tie father I 01, ft :io.,t
Ciuiii wu- wi'it is mm nuiiie "i me imimi rnl" ' Mm
milrond -hiirosi w.iicu were mosi vir-niuii-U
advanced lj-t weik in the pro
. 1 - nt discouiitias the railroad do
t loiu-ints siifferid quite a reaction.
Tin ciiiiiio!it stoi k were fairly strong
ami most nf t.ie teels held their own.
4
2S
Pi
1A
iosj
m;
ns
on 1,
Is
.1
a5:
an
I
SJS
t'l
n
12
"i-sj
i'l
s
6S
17 ,
1
Lust
Pi
B
in
S7
-'1
31
."ii
II
:t
,aH
J 1?
Pi
i
:isv
a'
IjSUj
Kt:
10s
37
in
1
Pi
200
700
700
100
700
l00
400
1100
1000
300
800
too
AGO G
SOO
1200
100 3.20
100 3.50
1100
1500
200
200
too
1100
Am Hide & I.-lltH pt. , 93
Am Tee .. .. 40
l Am Ice pf 0
0 Am Intern.it Corp , . . Oo
Ani locomotive 9t?i
Am Ship A. i"ommcreo 0li
4 Am Smelt 4 Ucf,...;. C0)i
U Am steel l'oundrleii .'. 4iy,
7 Am Merl lMrlen pf.. 02'
7 Am Sugitr Kef 124
10 Am SunMt'u Tob .... 82
.1 Am Tel & T-d 07i
Am Tol. ce temp ctrs 50H
7 Am AVoohi 1 01i
.. Am Wrltmif Paper pt 41
. Am Zinc L.ul fc Sni.. 17
0 Am Zinc I e.ttl & S pf all'
4 Anaco'iii.i 1 oppcr .... ,714
.. Ann rlwi- ICU
Atoh TJ.-F 83'S
7 Atlantic roast Ulno .. S7Vj
10 All Gulf A AV I S H..141
. . Auto f-'ale- C tern ctfo 13
SO Baldwin bicomollvc. 110U
Baltimore & Ohio.... 3S',e
4 Baltltnori-.t Ohio pf. . 48
. Bethlehem Motors . . . 3l?i
5 Bethlehem Steel 80
0 Bethleho- Sleet 11 .,80
. . Uklyn lupld Transit. 13
. Booth V - ltTlen 10'4
7 Brow n f-t-oc pf 08
. . Tiutto Topper & Zinc. . 1)
.. Biitterl.lv 19!i
.. Cnddo i' itrnl O & It. 18
fi- Callfornu 1'ncklnB .. UU
4 Calumet & Arizona .. 61
. . Callforr-.t Tctrolcuin. 34
7 Cnllfoni.1 l'clrol pf .. 07
to Canaillkti Paclilo ....110
7 Caso J I Thresh M pf . 07H
Ccntr.il leather 70 li
4 Orro dt I'asco Cop .. 401'4
4 Ccrtaln-teed rrod .... 50J4
8 mandlrr Motors ..,.124
4 CheEapi.iku Sc Ohio .. ZTA
C'hlciiKo & Alton .... 10
ChlcaK" & Or AVcstern 10J4
2 Chi 7t AVcstern pf . 27
. . Chi Ml. & .St Paul . . 2014
. . Chi M'l & St Paul pf .-a?a
7 Chi & Northwestern 87
.. Chi JVi-k Isl & Pae .. 30Ti
Chi 11 I & Pac G pf. 0014
7 CM r. t & Pao 7r0 pf. 77i
Chile I'opper 17
Chlno I'opper 33!i
Clcv i In fill & St 1... 31
Coca-i'ola 40
Colorado l'ucl & Iron. 38 &
Colo a Southern .... 241i
Colun b Oas & UltC . . 53Ii
Col l.rnphophono .... 41
Con tntcrstula Cal M . 10H
Consolidated Testllo . MJS
Consolidated Gas .... 77
Contmcntu.1 Can 80
Continental Candv .. I0JJ
Corn Products Bef... 8114
Corn Products Rcf pf. 105)4
Cruc.blo Steel 187'2
Cuha. Cuno Sugar .... 41?
Delaware & Hudson .. 'Ji
Dcnxer & B,lo Grando. 8
Denver & Rio O pf . . 1
KmerFon-Brantlng ... 20
Hndlcott-Johnson ....108li
Krle ,s?
Kt!o 1st Pf 2S
Krio 2d pf "'
Famoui Playcro-I. ... 70
risk P.ubber -I6?i
)Teeport Tcxaa 23j,i
Gaston AVms ft AVIff . . 2315
General Cigar . ... 63Ja
General Motors 24S
General Motors pf ... 78 14
Gen Motors deb 7 . i 87
Goodrich DP 07
Gr.tnby Con&ol M & S. 37
Gulf Mobllo S. North.
Gt Northern Oro ctfs. 37H
Gr".tt Northern pf . . 78
Gulf States Stel 60&
Haskell i Barker Car. B7
Hupp Motor Car .... Wi
l.llnoli Central 8712
Inspiration Con Cop .. 5111
Iruorboro Con Corp. - 4
Pit Harvester 117
1 it Mtr Marine ... .3114
trt Mer Marino pf ... 83
I 'it Mot Tr iBt pt ... 7SJi
hit Mot Tr 2d pt . . . 8194
International Nickel . 20 li
i-uenatlonal Paper . 7314
iron Products Corp 30(4
Jew.' Tea. ,JH
few! Ten pf . . . . 41
Car.-ns City Southern 18V4
1.30
3
7
7
1
4
7
12
12
C
7
6
'.ow
38
no
i?i
:is
86?i
90)4
78
40 H
127 J4
-.10 T4
13 Kj
1814
01
39
U0
88 n
0014
20
CO
40?i
02
124
80 li
37 1
53
117
40 li
1714
35JJ
ir.
821',
80
l0'2
13
107 H
37
47?4
21
70
s.315
13 H
10
DO
9
1914
IS'i
7414
CO
3JJ
(17
IIS
07 H
701:
4 IS
3014
12HI
ii8?i
10
10 'i
20' i
3sij
.IS
SO't
3?'j
Cfi
0 '4
tou
33
30
37
:isis
24'4
33
4014
193
23 tt
77
80
10K
78 14
104
100
40
03 !s
714
1414
20
101 IS
149i
2314
1714
CSJi
3a H
3314
2314
03 J4
338
78 ft
87
es 14
37
n
37
77?i
30?
33
13 li
85 i
SVA
4
US
30 H
83
7S14
01U
2014
71
39
131-4
41
18
Today' h Net
Olote Chuo.
3D 4- 1
60
Hi- Vt
3914 I
80H Hi
0014- 94
70 - 1
42 214-
1307i-- 3?i
47
12 V,
10H -01
-39J4
00
00
84 -I
20J4-T
oa!4
40 a; -2
124 --
82
97?i
o?;'
lK-r
41
174
3114
5714 14
10 -U "4
8714 !i
87 - ?
143 3
17 - 14 t
110J4 2?4
37 - 54 ,
47 'A
31 li
70 114
83H m
I3?i J-
J014
no 14
54
1014 134
Dlv
In t
114
274 '
tW
i
24 .
'4
14
1
?4
IU
1
' ,
54
l'4
Kales
300
300
1000
1000 1.20
5200 0
.100 3.30
400
000
100
1000
100
200 1
17400
100 2
12J00 1.20
4300 4
2800
1200
(100
0300
1501)
100 4
200 3.30
' Hlh tw
4814 48
4 Kansas Cltv So nf
4 Kdllv.Sne Tirn 108 107
Kennecott Copper .... 284 2814
Keystone Tiro & Bub. 3014 sb'
Lackawanna Bled ... 08 00
ICblRh A'alloy 46 45J4
McRott Sl Mvcrs its.. 1714 10'
Loft Corn 19 tJ
7 Lioulsvlllo H Nosh ...103 103H
.73
10
14,
54 1
a
7
3
4
.30
4
3
1
0
G
3
I8J4 !4
74 14
00 14 ,
31 114,
07 ..
no 54
7- 1 I
79141 I
46 - 14
5054 14
1241
37 '
10 l?4 '
lo 54
27 - 54 i
30 - Yz
6834 .
8054 15a !
38- 154 1
CO I
7014 114
io ?4j
33 14
302-1
3714- 14
.tHi 54
.2114- Hi
53J4 14
4114 114
19 ..
25
77 14
80 14
1094 . .
8114 2
10514 254
1
M
14
3
14
197
4194
9314
714-
14J4-
20
103
1494-
2314
1714 70
30Ki
23 !4
23 54
03
338
7854
87
0614
37
01
3754- 54
774-
0014 2
37 -r 3
13 14
87 54
5174 ..
- Ji
11 1
31 t-4
82 5-4
7314 14,
1- 454
20 H 14
7354 i
30 - 114 I
1314- .li;
41 fc '
IS . ,
200 3
200 tl
100 1
300
2100
400
100 2.50
17100
100 1
too
100 7
100
3300
100
1200
2900
100
600
100
10200
500
1700
too
300
4000
100
100
100
4500
100
700
1400
3200
100
100
1200
too
300
1200
100
2200
19000
5000
4000
400
200
3700
500
100
200
300
1600
2300
6200
.100
14800
100
29600
200
300
13700
100
300
0800
100
3300
COO
3100
100
2100
2300
100
300
100
8S00
100
1900
4000
300 3.30
l,00tta Co 2014
Manhattan l.Inv guar. 45 J4
Manhattan Shirt 30
Mexican Petroleum ..17014
Miami Copper 21
Mlddlo States Corp .. 339
Mldvulo Steel & Ord. 4814
Minn ft St I now .. 18
Missouri Kan ft Tex . . 1094
Mo Kau &Tcx pf .... 1714
Missouri Paclilo 3094
Mbihotirl Pnclflo pt ... 48
Mulllna Body 41
National Acmo 35Jii
National Clonic & fS .. 0615
National Lead 75
Novada Con Copper .. 14!i
New York Air Bruko. . 99
New York Centrnl .. 72 !i
New York Chi & St Ij. 33
Now York Dock 3214
Now York N II & II. 35
New York Ont &.W.. 2014
Norfolk &. Southern.. 13
Norfolk & AVcstern .. 94
North American 51
Northern Paclilo .... 5994
.Soui Scotht S & C . . 5714
Ohio Cities Oas 4214
Okhi Prod & Ilcf 554
Paclilo Lwclopment 08
PnclfkJ Gas & Ulcc... 3
Pacific Mall 32
Pan-Aincr Petrol . . . 8294
P.on-Amcr (B) 77
Pennsylvania 11 11 ... 43
I'enn Seaboard Steel.. 2254
Peoples Gaa Chicago.. 36J4
Pcro Marquctto 30
Pero Marquctto pf ..
Pcro Marq prior pf . . 00(4
Philadelphia Co 30
Plerco-Arrow Motor .. 0354
Plcrco-Arrow Mot pf.. 39
Pierce Oil 1754
Pittsburgh & VT A'a .. 28
Pittsburgh Coal of Pa. 54
Pitt C C & St L 03
Pond Creek Coal ....'179a
Pressed Steel Car .... 93
Pressed Steel Car pf.,102
Pullman H354
Punto Alecro Sugar . . 7854
llallwav Steel Spring. 01
Bay Consolidated Cop 17
Republic Iron & Steel. 88
Ilcadlnc 4 75
8
.74
Roval Dutch Amer ... 99
Saxon Motor 15
St. Joseph Lead 1514
St L San Franc'eo . . 3
St L San Kran pt .... 324
St L Southwest pf ... 2954
Seaboard Air Lino ... "
Seaboard Air Lino pf- 1814
Scars-Roebuck .- 218
7
(i
20
8
4
7
10
ti
10
4
12
14
109100
700
100
200
1100
1500
2800
430
600
200
1000
1000
200
1200
3600
200
11600
300
300
Shell Trans Tradlns .. 7714
Sinclair Consol Oil... 39
SIoss Shctt pf 68
Souihern Paclflo 83
South P R Sugar . . . .207
Southern Railway ... 26
Southern Railway pf. 5754
Stromberc Carb 57
Studobaker 83
Stutz Motor 113
Tcnn Cop & Chem .. 10
Texas Co 17774
Texas Co 30 1'aJd ...170
Texan & Paclflo ...... 37
Tobacco Products ...67
Transcontinental Oil ..22
Transuo & AA'ms Steel. 57
Union Oil 3115
Union Paclflo 118
United Alloy Steel .. 4394
United Fruit 180
United Ry Invest .... 954
3 united Uutall stores . CBfc
2 U S Food Products . . 5C14
8U R Ind Alcohol .... 80
8 U S Rubber 0654
U hi Smelt & Rof pf .. 04
V S Steel 0394
U S Steel pf 110
Utah Copper 7014
Utah Sec 9
A'anadlum Corp .. ..4714
AVabash 1014
Wabash pt 20
Western Maryland .. 1194
AVhlto Motor 54
AVestlnghoU30 A Br ..108
WeUinghouse E & M. 5054
Western Paclflo 2694
Western Paclflo pf .. 6014
AVesting U & M 1st pf. 1194
. . AVheollne & L Erie 1334
. . AYheel & L Erie pf . . . 22
1 AVIllys-Overland 2494
7 AVIllys-Overland pf . . 7
.. AVorthlncton Pump 7015
Ex-dividend.
23 '4
1314
30
103
21
3114
43 54
17
0
14 91
28
4794
41
334
3
7314
1414
98
7114
32
3254
34
2014
13
91
54
77
3714
4154
554
68
44
32
8014
7054
42-7.1
2214
3614
2994
40
6014
36
31
39 Ii
1714
28 54
53 "4
63
1794
92
102
113
73
91
1714
8114
73
98
15
1514
23't
3215
2954
9
it 14
213
7614
3814
00
91
207
2354
37
50
8094
113
172
170
36
r.8
215a
57
3054
118
4294
1.094
954
0014
3614
7814
93
0414
93
110
7014
3
4654
10
20
1114
5494
ION
50
23
0054
11
13
2394
80 54
704
Today'HNet
Clone Chte.
4814 H
107-
2814 54
39 H4
07 1
46
1754 154
1854
103 3
26 (4 54
4554 tyi
301
16s 94
81 W- 54
3314 154
4354 114
17 - 54
10 - 14
1694
30 94
4854 .
41 1
3594 14
0614 3
75- V
1414 Vt
08 3.,
7314 V
33 - 191
3314 ..
31 5i
2014 14
13 M
nt
31 3
7994 2'
5714 4
1354 l
&14 14
081
4454- 'J
32 14
8254
7754
43 ..
2214 - VS
3014- 3
29- 94
49
6614- 194
36 A
5354 314
39 54
1754 54
2854
03 - 114
03
17
93 154
103 - 14
11314 54
7814 354
ni l
17 54-
8754 254
75-54
09
15-
1514 14
3414
3354 54
29(4-
0
1854- l
318 a
77)4- 9i
3054 li
63 314
0514 154
207 - 1
HEAVY LIQUIDATION SWEPT ?
U. G. I. TO NEW LOW LEVEL
Persistent Selling Reported to Be for an Estate Which TooU
Over Dig Block of State Bonds
but there was Indirect evidence whjch,,
however, gnve It some color.
Otherwise the new week opened with'
virtually no essential change in tho ccn
ernt conditions of the local market. Deal
ings continued on -the tame limited di
mensions, the bulk being made up ot
small odd-lot transactions. At tho same;
tlmo price changes wcro again conflned
to small fractions.
Much tho same ns In tho Immediate,
preceding dally operations tho trading
conspicuously lacked Initiative. The'
halting chnrncter of the initial dealings'
plainly reflected h widespread dlsposlr
tlon to nwalt the lead of the New York
market, more especially concerning the
response to tho ennctment of the new
railroad law nnd. tho passing of the
transportation lines back to privatflt
owncrshln.
Curiously tho railroad shares, or at
least tho few of them having a marked
here, were among the more prominent
reactionary features of tho early trad
log. Lehigh A'nllcy on small sales drop
ped to 454, while Pennsylvania
Uallroad shaded under 43.
In tho purely local list, prices wer
cither unchanged or fractionally better.
American Stores advanced 1 points to
43 and Philadelphia' Rapid Transit
was 'A higher nt 23. Philadelphia
Electric was. Ijcld at 24. Insurance
Compauy of North America stock was
unchanged nt 21), while the warrants,
declined to 7, but rallied again to Si
Alliance Insurance unchanged at 22.
wns unable to dispose of. There was Philadelphia Traction was t higher
nothing obtainable to confirm this story, nt 01.
The conspicuous weakness of United
Gas Improvement eclipsed nil other
movements nnd considerations in to
day's local market. For some occult
reason there was n fresh flood of liquida
tion toward thu end of the first hour,
which carried tho price, to u new low
level at 40. Tho previous low record
was mado on December 12, when the
stock touched GUI. From this low
level it rallied to 07. following the of
ficial assurance of tho maintenance of
the present dividend rntc of S per cent
per annum. Prom this price there Avns
n gradual recession to C4, nnd between
that figure and 53 thero seemed to have
been good absorption of the fctock in
Ibo laBt six weeks.
On Saturday fresh selling of n per
sistent character appeared which forced
mo prico down rrom OH to (d'A. xnis
selling was resumed this raornlug, und,
with few bujing orders iu the mnrket,
the nrico wns easllv denresscd to 41).
which represents it shrinkage of $25.50
n share from tho high prlco of Inst yrnr.
There was a rally in tho lato trading
to 40 1,.
About the only reasonable explanation
offered for tho recurring pressuro this
morning was n, story to the effect that
it represented the liquidation of the
holdings of tin estate of n former prom
inent traction magnate. According to
the report, the estutu hud taken over it
big block of state bonds recently Issued,
and which the underwriting syndicate
CORN FUTURES FIRM
AFTER IRREGULARITY
Commission Houses Sold at
Start, but Later Purchase
on Dips
35 5-4
5754-
571
83 94
113 3
o 54
17754 3
170
37 "-
07 -i- 3
22
57 94
3154 1
11054 1
4294 54
17994- 114
1!4
3014- 54
OIIA1.V DET.T AVT3ATHEU I-VinnCAT
ChlcaKn, March 1. For Illinois, Mlv
MUrl and lonn--1'ul-- tnnlrtit and tirnba
blv Tuemlav 1'f.i. Wlneon-ln nnd Mlp
nenotu rartly clmitlv tnnlht nnd Tu
day. Nnrth Pulcotn Incrennlnir cioiiol.
nca. warmr fnleht: Tu'sday probably
unsettled, pf-uth DaKola Kiir ana warmer-
tonlht: Tu'wlay unMttl'd. wl-h rnln
or.anow. Nb'aii Pfl Kana Fair and
wa-mer tnnl-hf Tutudny unsettled. Mon
tana and AVyomlnc Ualn or tnow lenient
and -Tweday.
Chlcaco. March. 1. Notwithstnndinc
a bcarlxh citimatc on rcservet on the
farmsi, corn futures stiffened todav
after having moved crraticn'lv. Local
operators pressed the selling fldo most
of tho forenoon, but overextended them
belvcs. Commission concerns sold nt the
start, but later purchased on dins.
Stoek on fnrmi were privatelv nlnc
ed at 1.170.000.000 biishcjs. or S."." 000
bushels over tho revised crop of the
previous year
MODERATE RECOVERY
IS MADE IN COTTON'
South a Seller in Small Wayi
Spot Advices Continue
Bullish '
COTTON BELT AVBATnEH CONDITIONS
New York. March 1. The following tem
peratures were recorded In the. cotton,
belt thla mornlnr: Naahvtue. 10: Chat
tnnooca. 18: Atlanta. 20; Mntco-nerv. 32.
Oklahoma, Fort Smith. Memnhlff. Pen
sacola. Meridian nnd Macon. 24: Abilene..
I.lttlo Kock nnd Thomatvllle 20: Shrrve.'
port. Vlcksburff nnd Aua-ujta 28; San
Antonio. New Orleans, Charleeton. 8a
v.innah and AVIlmlnctnn. 30: Jacksonville,
82: a,iU"ntoii nnd Tampa. 36: Corpus
Chrlstl. 38. There wai 01 of preebl
tatlon at Montgomery: 03 nt Chattanoolti '
and Atlanta: .01 at Macon: .10 nt Au
rusta and T.itnpn: .10 at Thomasvllla and
Charleston: .20 at Savannah, and .32 at
Jacksonville.
New York, March 1. The early
afternoon cotton market ruled quiet and
tcady, with prices showing a moderate
recovery from the lowest on demand
from local nnd trade sources. Tho South
sold in a smnll way. Spot advices con
tinued bullish.
Unu&uully heavy early new crop ship-
rii,, mnrkethn.l Wn nroitv well RM,l i n" contracts arc reported to have al
ahead of this predication und. with I ready beou made, estimates ranging up
farmers hhowiug u disposition to hold, to tlircc-qunrters of u million bales for
tner corn, ocars icit none ioo sure Scptembcr-Octobcr shipment alone.
Ul 111,11 iMigiwuiip,
Oats turned firmer after haying been
depressed early.
M 1
0314 9i
04
9394 214
110 ,
7054 - ii
0 - 54
4754 54
1014 54
2- 54
1154- 94
51
10S 1
3014 li
23 - 1
0054 ..
H94- 14
1354 ..
34 54-r
87
7014-
A private estimate putting reserves
on tarm at ..7S.000.000 bushels,
ugalnst 5SS.000.000 huf-hcls last year,
induced buying, us did diminishing
stocks at terminal points.
Part of demand came from cummin
(ion bouses nnd shorts.
Iadlnir futures ranced a.i follows:
Corn (new dellvory) ' sa.
Open IIIkIi Low Closo c!.e
.May . .. J 30'4 1 37'i l.ll.v; l.Sil'i l.adif
.Tulv .... 1.8014 I.lltz 1..10 I. .11 J.31
Sept. ... 1.2034 1.27i" 120 l.-.-t'i ...
Oatt
May 7f'4 fitti TO; SO'; Rn
July .... 72'. 71W 72Z 73 72Ti
Pork
May . ..31.10 31.00 31.10 34.53 31,00
July 31.00 31 10
I-ird
Slav ....20.37 20 0.1 20.47
July ...21.13 21.30 21.12
Ulbs
May 18.30 18.R0 18.30
Julv Jti.00 13 73
111(1.
20 .". 2n.O."
21.33 21.17
18.37
I8.2
18.37
IS. S3
at. Today'B 11.00 1:30 2:80
clone opnn u. m P in. p. in
37.US .MS.tO 38.05
31.11.1 3S.10 34,03 34, 74 34.P7
32 27 32.33 32.3B 32.17 32.3S
205 30.00 .... 20.72 20.0
23.28 20.40 23.30 .... 23.'.'S
New York Metal Market
10
BANK RESERVES SMALLER
Further Contraction In Deposits,
While Loans Showed Slight Increase
The execs-, recrve of the Philadelphia
Hcarinp House institutions was reduced
$,UO.l,000 last week, bringing the sur
plus nborc legal requirement a down to
?1.7S",000 Thu resulted largel Iiccuuec
of the cut of SI, 800,000 in rcsrru- in
the Federal Ttf-Bcnc Bank. 1-uihilitic.t,
on th" otL-r bund, were materially re-
du'-nl in I'lf inutructlon nf M.io 1,000
in indiMd.il d' posits and .s.OHO.000 in
bank iefltK. Turther borrow.ng ut
the IVd-Til Itesi-rvc inbtitution wus re
flected in 'he expansion of SKin.OOO In
loans aii.. ills. uiintH.
lb tail- follow:
.' V MBMBCr.l"
March 1. Hi.'"
. .1804, IMI. IHMI
1. ui,e
Philadelphia Stocks
GRANGE HEADS EXCHANGE
Closo
o
Not
chs
rnf.e!nrla M ...
Cons A'lminil . . . .
-rfsson Gold .
Oo'.in Oat r.xp
Oo.d Silver Pick . .
Golil 5'.on
Herla Mlnlnif
Knox milfl" . . .
The luotnrs nnd ons wen- neutral with M.oulian Co
a li'iitnng to lieiniini-p.
. LIBERTY BONDS
" All Issues
. Bought and Sold
; I $50 100 $500 $1000
IGraham, Parsons &Co.
, 435 Chestnut Street
; Philadelphia
FOREIGN EXCHANGE .
New York. Manli 1.- At the opening
i.i tin- foreign c .change market this
i in ing. deii.iiiid sterling Mils up ' j lit
". in , uml cable ?, ll'j l"ianc were
in, .'i iiiitinie. nt 1 1 17 for nl)lc and
11 IU fur iheik" Ifirc cables were up
.1 if-ntnnes, to IS.wO. and liie checks up
."l I outlined, to lH.H'J.
( Ither qiiotntioiis were.
Mclgicn rubles iatW. checks I.'i.tlT:
Sui-s inhlcs (1.17, cheeks 0.11) ; guilder
cables .'lfiTs. checks :i(i?i : peseta cublet.
17 40. checks 17. .10; Stockholm canies
fe.Kln Oar
MrNamara
Minh Mln .
Motherlnde
National Tin
Novada Ophlr Silver . . .
Hex I'fini, .
Ufv ieior Mln
rinpc Oroun . . . .
s 'r ICIra cf Arli
s KI've Lead ....
to-ifipnh Cafch Hov ....
T..no rjivlde
T.in.ipah Rxt
tfinopah Mi.hrjy
Ti.nop.ih Mln
Tnnop.h IteiKue Eula . . .
Virtorv
Vent End C
Whun Caps . ...
UONDS
r. .-.
n r-, H.'.
3t ::. 33
1.V, I.'. 1A
3a 34 SU
1'. 2
l'i I'. l'
in is ir
33 .-7 28
I1. 4K
TV. 7' TW
B3,', ., C,'
,' l.'1 ,aA
r.o .in r.n
:o 10 10
l". IH ii I
S SUj HI,
11 IM 10 '
' '. n
I, -. u '
,' ' .'
P. R '
;. -j -js i
-' 2ft 2ft
IS 11 IS
2N 2. 2,
21 21 31
ti t 0
iu m mi
12 11 Hi 12
Louni
i:x. ii .
IJU IT' t lk! . .
Hani, 'in fits . .
Indlvldiif. di'PO'lt -
Time il'' i hHh . .
IieierM; th l"nl 11.
Hank 1 leifil dc
poRllar . . . . ,
Cajih in lulli,
total r-frvc hi-ld.
Userve reou red
xcotB -isorN
N.UtS Oif i
tUO, 33
137,113.00.1
322.1311 II""
8,307 mj'i
i . .,-...
H3.O0O.
i;y;,of)o
r. in.i.nvu
: miii.oou
1 734,00(1
110.000
31, 207.000
14.2ll.or.ii
M, 137.0IHI
32.330,1)011
1.7S7.000
i.nm.ooo
200,000
l.R33,fl0n
230,000
1.003,000
Tf.'i
OS
OS'n
37
37
70it
04
7
37
37
78S
or.
ns
37
37
CGE0.A.HUHN&S0NS
(STonm asu noNna
Mnbra of th PhlladMpljla. Naw
sriTtli ana Chlcajro block Uchan
" Nv fork Cotton Kacbanu
Commlalon Orders Extouita in
All tut
ih. HKIXKJ
M
w
tha Prlncioal Market
vr. COUHT BWIW.
i ivamut ns.
yohit oKKlca.
way. yir Yfit
IS 7,ri, checks 18.C0; ChrUtiania cables Allied r-aekera
17 20, checks 17.0r . Copenhagen c ables mr Tel t Teiet. . , ..
15 1)5. checks H.. Marks bold at $1 j g;..rA $?& '. ' :
(ni j rusalan Voi Ha
After the show ol sucdkiu at mc
openinp. demand sterllus reacted to NEW YORK COFFEE MARKET
i :i 40ai bv noon. The market wat. even ai..i, i n,..t .v,
fr,:f;l!ul"revKcTrtt,er,u1S MWtT&&lz?i8ss
being w-ry lio8litlv in cvltli nee. Hieruns fh (t ,,,,, business was transacted,
1 cnblcs were ...H','j. nin,,,.,-!, th.. undertone remained atendv.
I , n '. lecC 1 '" II?; cables 18 30 The fact that mild coffees continued to
' V "?' R1-. fe'iii c-ableH be offered here at very low prices op-
r,CPbr;mnlk5ini VoaU to those b-arishly inclined and
checks 13.0-. marks l.Ol. h . flod ,,. ralhfr ru t(, dpprc
h,w.r"n;-llrii-?"'aur"8 Guilder,1 values nr to. at least, holif any advance
Demand 3 39'i 120 IS .'17 3l I in check.
t-Joier . 3io HI 18 33 anil i Soma merchants estimate that the
Todar'a Dixnmc MuoiaiioDa i mild coffee rrops will increase M per
mio 18 3. 86 I nt and that low prices will continue
11.17 . 1K.SO SOU
Demand
Cablea
Demand
Cablea
aterlln
S.40-
. 3.41(5
Bter
nottiand ., J.1
Ct)M n
Mterllnr Vranea L.lra
S.40H 14.22 18.02
J...... i.4l( ,14.20 1N.S0
mc Tanc4 lira auuaori
iui s
ItVUS M
i!
for some time
Utirch intiiMMii4
M&y ?
July t.
(To
u
o Operl a.m.
s:8 m m
14.40 14 41 14.41
14.23 14.31 14.21
Hei
L'.ii
MJ-.MBERS nESEItVE bVSTli:.r
r.KFAR laid 130.731. 000 It, 023,000
SSo-m Vae-rve ..... 1.422.UCJ 1.730,000
thust ' OMPANins not jii:Mr.KKs ni
rtlUvK D10115.M
l!.rf held . .. I3.40l mm "102,000
KJ?-m -faervo . . ' . 30." 0'... .laT.llOO
In ii lltlon to the danomta ihove thero
warn ip'".elc I1L105.0()I) in.' i rnmant d-vosii-.
i,-alnt which no re'ro is required.
MONEY-LENDING RATES
N'KU' YmiK Mouey on all. both
clasKcs of tollateral. opened today at 10
per r. i.t for lending and renewing.
The 10 per cent renewal rate for call
funds this morning and the continued
obfenro of offerings of time funds clear
lv indicated that the predlctiona of con
tinued Arm money was bclug borne out.
It was reported that money on call was
in Rood supply at the 10 per cent rate
rcnmal figure.
TL're were again bids of 0 to fl3 per
cent for ninety day? " industrial rol
latcrol nnd 8 to 8Vj per cent on good
mixed securities, but the market wus
cntuely nominal,
l'llILAlJELPHIA Coll. fl per cent;
time, (I per cent: commercial paper,
three to six months. 0 per cent.
LONDON Money is quoted ut 4Vi
per cent. Discount rates, snort bills
and threo-month bills 5 per cent,
DANK CLEARINGS
HanU elearlnra today compared with cor
r.anandlnv day lat two yaari.
Phlla- .iffiOT IViWAV ".728.783
RJSmm .ifisKa. ":::"
lllah Low
45 Allia Ins 22
HOI Am Sirs. 43Th 13
10 do prcf f)2?s "-
100 Am Gas. 51 M
CO Cam Iron -10 10
tOtC & O. r7j r.7i
10 I C N A 2! 'JO
1S3 do war S 7r'8
125 Lk S'C'- 17i 17i
17 I, eh X '.'! 03
05 I.eh Vnl. !u'7i -loi
V0 T.Midvale 44H 14's
10'Jtl Pa U K. 43s -12!''.
2 l'hil.'i Co 30 3t
30 do cm. pf 33Vj 33
310 Phil IX. 25 2l,
177 P It T.. 23 2.'Ji,i
10 Phil Tr.. Ill (II
10 tllrudinc 7.111 75"',
30 iSo Rwv 2SaJ 25S1
10 Ton Pel. 2s
200 Too Min. j:'i
05 l"u Tract 3."
405(1 V G I... 514
210 tU S Stl. 05
10 W I & S 30i
Net chanao made bv comiiarlaou with last
gale nn N',v Vo-l Htock Kxthane
Total ralea. MS4 atiares, compared with
4,110 fharea Saturday.
M.i a In IIONDS Net
tl'HW Utah Low Cloeo thfcc
Horace M. Lee Marie Rmr.rfAarv nnH'.''l.'1?8.o0o
., ."- jgoiie
Treasurer at Today's Election
Tlft Mimi ,-t tkn nlnailnn i nir.An..
43T4J-134I "" "... .... i.ui.vu ivruuiLvia
f)otj2 .'i; nd members of governing committee of
51 2' (he PhlladolpTilu Stock Exchange held
rri'"t i' loday wns announced us follows:
...Hau. a., ...a.i,, j,, LDIUVIIl , I1UI'
iice M. Ivcc, becrctnry und treasurer;
Samuel T. Davidson, chuirman ; Jumcs
T Lazarus, vice chairman.
Members of governing committco for
three years: Albert K. Turner, Mel
bourne T. MiddlctuD, Jr., William M.
1'lkino, John W. Srrrks, Pcnnell C.
Kirkbridc, Clyde L. Puul, Charlci M.
Hcan ; for one year, 1'rederick P. Rls
tine. The now members of the committee
ore Mr. Bean, who declined uomlua
tlon for re-election u.s president of the
Stock Exchange; Mr. Middlcton and
Mr. Puil.
20
8 ..
tKl
15-
44Vh
3i
30
53U-
25 V.
2.3 Vt
01 1
2.i:i-r' Vs
OP.1
it
V.
in
!.;
2i 2
111 40 'i
03'', OSVj-f-1
S0i 39J V
.s."!:
1-5 Am Gas &
Elec 5s. . SO
1 City 4s '45 00
3 Elec A Pco
,Tr 4k ... 02
5 Key Tel 1st
flS M
SO
Ml
80
Ml
1
i.i
01 Vi 01j..
7S
MARCH, 1920
452nd Monthly List of
Payments to
Investors
THE attention of bondholders Is culled to Uic following list of
payments of principal und interest duo in March on first
mortgage bonds safeguarded under the Straus Plan. AH thoso
bond issues urc amortized by annual serial payments of principal.
In addition, wo require ench borrower to make monthly deposits in
advance from tho earnings of the mortgaged property, thus auto
matically providing the cash to pay both interest and principal on
the days duo. Funds, therefore, arc now ready to meet tho following
bcmi-annunl interest coupons and principal maturities.
2 Lh Vul (Js.ltlOii 1001,4 lOOVfi-r- Vd
L. Vic -ls... 07 07 07 .CO
2-5 Nit Prop
4-(is 27 27 27 ..
1 Pu Co cons
Vsf. .... 00 00 110 14
5 Pco P tc Is 7' 71 71 1
2 3-5 Phil Eire
lht 5s ... 03
3 Read gt-u 4s 70 Va
1 Un Hys If
4s 45 15 45 1A
oii niVs 1
70'i 70- Vi
127.700, compared with 1S1.300 Sat-
Ponds,
urday.
Reoervo Banks' Discount Rates
The first column elves rates for all
periods' up to und including a fifteen
day maturity, the secoud for u period of
nixtceu to ninety dajs. The third and
fourth columns gives tho rates for dis
counts for collateral loans secured by
government bonds or notes.
Com'l paper Gov't paper
iraoT
'j,
lleaton
notton
N
IS to
I3daya it
ew TorU . .
Philadelphia,
nichmond ..
Cleveland ..
Atlanta ....
Chlcaco . .
Hi. Luta . . .
llnneapoua
Ut
naaa City ..
IIb
an iTaneiKO.
10 to 00
in rtaya flay
5t4 Ti'i
r,".
..L
Si ll'4
sj, 3V5
so 'f'i
at. aw
314 .'.'4
6 V, 314
sw i
tr.il illi
Charters Filed
Docr, Del., March 1. Charters filed
here today were: Penu Central Realty
Corpoiution. cnpltal S10.000.000. deal-
Ing in and with real estate. M. L.
Itogcrs. L. A. Irwin, iV. 0. Klnger,
local Wilinlngtou, Del., incorporators.
Carolina I'etroleum Co., capital $5,000,
000, drill for nnd produce nnd market
petroleum, etc. D. K. Cowen. A. II.
Williams. Washington, I). O. ; R. C.
Itenick, Wllinliictnn. X. V . lncor-
porutorH. linsollno Production Corpora-
lion, capital $1,500,000, produce and
refine petroleum, etc. Kraiiclh U.
Fuller, Henry It, Follent. 11. A. Hill,
all of S.uui'unc, X. Y., iucorporalnrK.
Pcquot Steamship Co., cupltnl .$1,500,
000, build, own and operate bouts, etc.
Hamucl D. Stein, Arthur J. Messing,
Louis E. Krumbolz, all of Xcw York
city, incorporators. International Cul
tivation Corporation, capital $1,G00,
000, manufauturo farming maclilnerv,
etc. Samuel II. Howard. Ilurrv G.
Huud, Robert K. Thistle, all of New
York, incorporators. Mnntchnoto Min
ing Co.. cnpiul $1,100,000 refine,
market and dlstrlbuto oil und its prod
ucts, etc. T. L. Croteau, M. A. Bruce,
8. E. Dill, local Wilmington, Del.. In
corporators. Gates Dental Co., Inc.,
capital $1,000,000, manufacture dental
supplies of all kluds. W. F. Okecfc.
George O, riteigler, E. H, Abcrlcc, local
Wilmington, Del., incorporators,
Wanamaker Photo 8how
Tho fourteenth annual exhibition nf
photographs dpencd on the fifth floor of
tho John Wanamaker storo today, and
will close March 111. .
About 200 photographs have been
submitted. They nro original camera
work by tne ejtimwrs. judges nave se-
.....lat
Idcm
Interest nnd Final Principal Payments Due, Paying the Entire Bond
Issues in Full.
rtllmore. Tlldar. (Chicago) let fij Hamona Ct Did. (Chlcaro).
Aehemore Apts. (Chlcaeo) . ...latfia Navona Ct. Bldr. (Culcaro).
uuyuiuu j-iiuu. luniCBBu; lot ua
Interest and Serial Principal Payments Duo
Karwejl Ae. Hide. (Chlcato) lit Cs
Charles Ktper Tlldg. (Chlcaro) let 0
Seeley Ave. Apta. (Chlcaco) lit A
Windsor nidr (Chtraso) let
Hhorldan-Orovo Hide. (Chlriro)..,.lt Hi
weiericn a. uerry
Oaun Hall Illdir. (nklyn, N Y).1etm,4ii
Vermont mat. 1 Atlantic city).. , .let Un
Aiuhorp Illdg. (Now York City). . , .let Ha
New YorW Hteam rild. (Now York). let flu
A.P.W. l'aper Co. (Alhany. N. Y.)..1stfla
nie Webster inns' (Chicago) lathd
Sail niur. ii'Mrnuni 1st n
l'n.. rnltv Club Ulilr. (St. I
Nelton Illdr. (Chlt.ico) .
nidr. (ChlcacoV.latsa
1
. .let 03 Olensyls Court Jllds. (Chlcaco).
..1st 6s
Hke ey Apt. nidr. (Chlcatto) letlla Ji'etropollun ADta. (Omaha) lt Ba
.ouni. ..let na I'jinwoon court nidc. (Chlcaco).... lat Ha
Interest Coupons Due
,rV .Ap.Ui,M,,ivror,vr,iV),-!"J5!" Tranao-Unvelopej ntdc. (Chlcaco)... lat 8
1 llnrta. Apt nidB (New York). . .lat 3U ,,.. .H i. mn.. icvi..i ,.. a.
Moraine Hotel (Chlcaco) letilfl ""nnjaldn Ave. Hide. (Chlcaco).. ..1st 6a
iisdrox t'omnini lunicacoj lat im " neorce uoun matr. tunicacoi, ,,it o
.,, oa
Bl OB
acn) lat
Deurborn Hide, (Phlcaao) lit Ha Man-land Ave. Hid,
io;.
!lS.l! o-l :!:;''!l llaua on outstanding crtlflit nt 1n I I(,I rtftv of the nkntnreanhn foe dan.
1.3TT 103.40.22t ;,.....,. 'dabtedntia continue unchawedHft ., Vt iV Iff '
IVn-lfea Tilda. (Chlcaao)
rioneer lime, inetro'ii. , ......
I' rmlnchnin Tlldar. (Detroit)
Williams lldc. (Chicago).. . .
I.oett Hide. (Chicago)..
Klmhark Hide (Chicago)
Haclna Terminal Hide. (Hanlne). .
nramcome Uldg. (St. Louis)....
..lit lis
. 1st R
..1st tin
..1st nn
..Ut (U
. .Ut(ls
. .let (la
..lit On
(Chlcaco).
unicaco)
('hesterdeld Hide,
Itenete Apt. illdg. (Chicago) 1st 6a
Muriel Apt. Dldg. (Chicago). lat 6
trainaru API. iliac, tuetroii).. ... .isi oa
Avlcnon Ant. ndor.
mchellau Apt. mac,
Hokeby To-raca Hide. (Chicago).. ii
li-meagoj,.
Western Tlumblnc Co. Dldg, (Cht.Xlat C
iro)..lat BUs
(Chicago)... .. ,1st ga
(Chlcaro)..... lot
Coupons duo in March should be sent to our office for payrnent
at once. Every invr&tor bhould post himself on the Straus Plan of
safeguarding invested funds. Tho abovo statement is our 452nd
monthly tabic of interest and serial payments on which there has
never been a singlo day's delay in payment for 38 years, Our book
let, "Safety nnd Wo," will tell you why. Write for It today. Ask for
CIRCULAR 346-Q
S.W STRAUS & GO.
KSTAIILIHHKD IMS INCOlU'ORATliD
STOCK EXCHANGE BUILDING, PHILADELPHIA
JOSmi II. nilllN, rteslaent, Manager
NEW YonK rHinarlo
iW PflSffpow MJTOISSjSco
ThlrtyHtight years witliout Iet)to any kVcMter
HOSTON
CLUVEWND
I Japilneso spinners .uro" importing
largo amounts of American cotton, hav
ing taken in exports from this country
nearly half a million bales for the Bea
bon to dato nnd with the British trade,
have been the chief buyers for new crop
delivery.
The receipts of cotton at the ports for
tho day were estimated at- 1G..100 bales,
n en in st i:-t,r-l bales last week and
11,1101 hales lutt ycur.
.Vorch
Muv .
July .
Oct. ..
Dec. .
Liverpool Cotton
Liverpool, March 1. Spot cotton was
quiet today, with prices eusicr on the
basis of a decline of 12 points for mid
dling nt 20.00d. The sales were 5000
bulch. The receipts were 12,000 bales.
Vnv York. March l. Tho followinc pr-e I including 0000 hales Amci'lcttu. Futures
w. ro nuotcd at tho New York Metal Ex-1 were (inlet 111 the early dcuUngs. Spot
'irMTaV-aTd1 Aft So?.reCrled.?;rrc: !."S '-, American, middling fair
Tho market w.a uulet. Lead bpot, Match ol.OOd : good middling. ol.OOd; fully
end April. U.IOo l-ld. Tho tnarko was llrni. mlddllug. 510.00(1 : middling. 20.00d; low
I SW..ffi,V'AXi. l3K'SZSXi """. J Wk middling. 20.G0d -. cood ordinary, 23.40d,
' """' and ordinary, 22,-lOd.
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