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20
EVENING PUBLIC LEDGER-PHfJDELPHlA, TUESDAY, MARCH 1920
ll
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-MftW I T- l A.
&&vK. Candy btores
i i -
1 (UNITED RETAIL CANDY STORES)
Organized by the same in
terests that have built up the
UNITED CIGAR STORES
CO. to its present command
ing position, this Company is
now developing the largest
chain of retail Candy Stores
In this country.
r
'f? If you know what the
UNITED CIGAR STORES
CO. has done for its stock
holders in the past, you may
. wish to know what this Com
, pany intends to do, and we
- suggest that you write to us
for a special letter covering
all the details.
BAMBERGER, LOEB & CO.
25 Broad St., New York
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
, -- J : , ;
PRICES SLIDE OFF AGAIN
IN LACK OF BUYING POWER
Rcncivcd Pressure Directed Against the High-Price Special
ties and All Were Found Vulnerable
ow york, March 2. There wui an- nro satisfied to make n profit on rithrr
other dlapoltlng market today. At ' turn of the market, which nroonnts
leant rno proremionnl contingent pro- for the conspicuous mercurial character
foKCl to be. As their- gentlemen who i of the fluctuations.
ami fu I of 'cnrlt" valuei '.'.'nvJ.'r" Tl,c maintenance of 10 per cent re
?uallv L LtJ f.I r. Z 'aVe 'ri Dcw' tc r oil l"ns won n wet
of "he V rrent marker' "ft ',?,?, T,?' tbtankel " " mnrkct from n,m0i,t tl,C
fore ha e h en To ' ' " ' ' Cr' 0,,,!",t - P'"cw began falling an won
.. -. . B9 b"8lnos opened. Within the first
J his time it was the highly Important half hour of the trading, a large part
and favorable decision In the United (of the rnllv registered by the general
Matiw Steel rac. The over-nlght con- list in the late dealings yesterday was
'Monition of the Supreme Court ruling , canceled.
hius BtBit sieei corporation a clean i The heaviest ellln
c ronrentrntrd on
mil 01 lira in rme thnr inc ilent n mntl i n t-...." i ... : . r.. ' il . Ar..i
favornlX reoLl0i"kVi for fJ,rU,er Steel, American arid IlaMwIn I-ocomo-
Tli ipm0, w markCtu ., tive American Woolen. Hide and
....... '? ilh"' .howpvf! m,.1P.h llp ' Leather preferred, and Endleott-.Tohii-
prcf
The whole
.v ,nf !, I'..... Vi1 " i'i " . ' "" Tuo whole industrial division,
fhi?.. nM,i. rC,llrU f h, "llroads to 'however, was ueak. while the railroads,
col, &.- WSW,erdajr,imel "ith, .although MlHng off put up more resist .
Bonds of
Foreign Nations
We have prepared an Intcrest
mi booklet desenb ns Internal
Loans of
FRANCE
BELGIUM
ENGLAND
ITALY
which can be purchased today at
prices to show American In
vestors a possible profit of from
407. to 2001.
Ask for Bool.lct 1. 30
A. B. Leach & Co., Inc.
Investment Batihtrs
US South Fourth St.
overlooked Wnll street's habit of takitig
i i ruvaiirn nnninii ii n iiiiii inr i-i'ii
,...,. BV i . 'n '' events, the specialties continued throughout uiot
market peudtiluin showed a strong iucli- 0f the morning, yet it v,as evident, ad
tuition to swing downward. Down most vantage was being taken of weakness of
nt the active stocks dd co until tl, !.,... .i ."i-.-.i i...- ....... n
declining Movement sold the market to facilitate short covering elsewhere. This
" ,, ,'"", i . . . 1 caused moderate rallies at time-, but
Much of the good influence, however. ' without sustained buying when the up
of both the return of the railroads to turns occurred
private ownership and the steel decision I Pressure eased still further in the
vvns more thau counterbalanced by the afternoon and prices rallied 1 to 1
st rained money market situation. Those , points, but the movement was extreme!
on tlie constructive side, although they i sluggish and restricted. Investment
pn-slblj be few. ha! learned it is an rails and utilities, including gas shares.
expensive cpcricnrc to buck tlie cur- , were the only noteworthy features, pop
tents now runniug so strongly against ular industrials, other thnn oils and
the market. This hns resulted in a motors, showing little change,
steady withdrawal of active interest The market drifted aimlessly in Hie
from the day -to-dHy operations, so that later dealings, leaders fluctuating lie
the market hns been left virtually in tween high and low quotations of the
the hands of the professionals, who ' morning.
NEW YORK STOCK EXCHANGE TRANSACTIONS '
Sst.s
100
000
ltoo
100
00
340
1790
100
31)0
too
60
tsoo
a too
300
300
1400
too
200
SM0
700
1400
100
too
300
100
uoo
ltoo
1390
17000
201
3100
300
S99
700
400
600
Dlv,
In f
8
H
10
STOCK MOVEMENT
Republic of France
5 Redeemable National
Loan of 1920
7" Ac issue to be retired within
sixty years by semi-annual
drawings by lot. Bonds drawn
will be redeemed at the rale of
1S00 francs per 1000 franc
bond. First drawing, Sept. 16,
1S20.
Value, 1000 franc bond, re
deemed by lot, exchange nt
normal 5285.00
rice per 1000-frnn': bond.
exchange i of March 1, $70.23
Subscription received by
Biddle & Henry
104 SOUTH FIFTH ST.
VERYSLUGGISH
All Favorable Factors Neutral
ized by Unyielding Character
of Money Situation
BUSINESS COST IS RISING
uerman Hamburg 4yz
Cl . j Leipzig 5 's
liy , Cologne 4's
Bonds i :"";:' 4Yf
ImtnrrtliUe Drlltrrr
Ti ice IJanKc.-- from 5110 tu
$-J20pcr 10,000 Mntk.
list iv (,i mtw rrr wir;
ami rni Hf i-fnvt.-ii,:D
(.'S HI-'iL i.&r
Farson, Son & Co.
Meintxr v n, lint,
I 1 5 Broadway, New York
WRITE FOR YOUR COPY
(IF OCR
lavcstorY Pocket (Manual
OIlo Cult Information "f nil ll.lrd mat
uollMrd srcurUltf. bfut frf utwa
IMUtlt.
Scott Stump
Investment Securities
Mrmbrrs Con.olldulttJ Slack
Kjclmncr of New York
STOCK EXCHANGE BLDC
riuuunu-niiA
Ucll uud licrtlouo TclvuboDPs
Chicago By-Product Coke Company
First Mortgage T"c Serial Gold Bondi
99 and interest In Yield from 7 10
Is 7.25'r
PAUL & CO
Member IMilU. Mnck ttrhnnff
1421 CHESTNUT STREET
i New York. March -. 'Phi1 Non
York KM-ninj SunV rloeini; financial
. review toilnv ..s :
' Trndins ii luscib nml prioo
h.'msr" unimiiortnnt in to'ln's c.yinn
! of the ti.'k marl.pt. TIip tn'inl wn
not pronotini nl in nny dir(tion. ill-
1 tlioiish a trndonoy to roprrvsion via
In bo notorl from the bexiuuins. ovin
to tlio unyiplilin; quality of the money
titiintion.
1 Wliutrver other factors may develop
to infliipuce the prire list conlnu-tivn-ly.
tliey re likely to be neutralized if
nt eniirelj ofTf-et by hich money rate-.
I mid ery re?trietd Mipply of loanable
fund, lietlier on tine or demand. The
more -trinsent apeef- of thi? poili"H
within the tnone-. market will doubtle-'
nrevnil milil after the middle of the
month, when tax payments, state mid
milional. Miull have been completed.
I lint even thru real eae is snirt-eU
I to be anfieipHted since o many ele
ment" contribute directly to a state of
Hffuirs in which it coN more mone
to do l'"- buiness perhaps than eer
before in the t'manciu! history of the
nation.
t'ur shortHce un'l .tnrase clmrsc
iicMtarily tie up larse Mini of uiom
and coiutitntc on! one of the cnii'e
"I the increased cnt of doing biiMin'
The advance in toel prires jMterdni .
fo'lowme the decision of the Suprrtif
(iiirt in the 1'nited States Steel Cor
potation tnM cae. a nflieiHtitl
rapul it tlerelopid to induce no hub
tatms of proliti tidnr
Tin- r n utiitHIlce M-einetl ufli''irnt
i" iiKoiiiit for benvlncs in the light
i in nnor in It Juii tiuii" Tin- oh-. i
Miiion. ti "linnld be vtiitetl. .tpplied
ncimlj in the industrial fsuc-
As fur ihe rnili-. there s "nine
"trensth di"plajed by the old line in
e-llllent shares like Southern Pacific
Cnnndiiin Pacific. I'nion Pucitic. IJeml
nir nnd Kthei-v. but Northern PhciHc
wa under pressure as were most of tlie
i miner stocks which were " energetic
alh bulled lii"t week III the proii- of
di"ciintins the rerurn of the railroads.
, Net chunges among the oils and ino-
, tors, after un early dip of considerable
proportions, were slight ,
Sentiment mdependcntlv of the money
(UC"tiou was (dieerful. The Mrcot feel's
giiKil km r the fact thut iht rjilronds
are buck in the hands of tbeir owners
and ini-idrntulli in the handA of tliose
mho into be regard' d a experts and
who have eerv mo utile to restore the
ctlnien of the line Tln "justituteF
i hi 1,. note of the tinmi' inl mi nation.
Philadelphia Stocla I
i
Nil
Hli-h lw Ci-e chc
WW Am Strs. 4.". :... t.'. Vi
31 Am (ius. ,VJ .VJ .'2 -f-1
00 tllnlilwlu
T.oc jif.100 100 100 rl
kO l! & Su
te pf... 48 IS SI ..
:;:i Cam Irou 40 10 40
J IS Kl Stoc.lU no 111 -
:'.,n in Co n a
1 war . . S T'j S ..
WKeyTiptnt : : i
.T-i." I.nk SCor 171'. J7 17
7 I,eh Nnv. 0:. Kl 8t . .
77,.'Pa K n. 4:1 ,s 1-Tn -i" '"
M Phila Co
0111.1 pf. a.. .".uij :'";
r.is Phil kipc -i lm?, '-'.-. . .
-'"(IP u T. r.', 'Si "2:i
:- I'll Tract til 01 01 . .
:o tud.' ist
ptef . . . ""' 1 I!.-!' i "'' 1 .
Jk Ton P.el. '., ,' 'J-'"..
lllliOTou Min )!, -JVi '.! 's
w en Tnif. :;',-.. ::... ::i'...- n
r.7:i i' c 1.. .in i!)'i 49 '.. -'is
10 tr s sti. t.i n.i :.i :,i
t.NVr rh-in- ni.J" In romonriion with last
slr un .N "v VorU Stuck fSxchanm..
Total Him 7117 lir cnmpired viih
S"7I hllaf-i" stc,i'.. 'thus far tin wr.K
ic ','t imrs !?.inu. itrlol Ihi s-el
, n.i
, "... III HOM)x .s. I
1 JIP'Ht tllTh M Dose rtisr
1st ,1s ... 07 !M'j lM',3-1
1 Uec . Peo
Tr s .. tt- til'. 1 . 1 .
1 l.ell V (5s..l0lJN 100' s 100', .
' -2 I ,ili V Coal
5s 07 07 07 - 1
1 Pa gen .Is. S".l SO SO ' .
1 Phila Co
l"t .Is.... 100 WO 100
1 1 Phila KIcc
1st on ... 01', 01'-j Ill's 1,
1 ltils S 4s.. 70 Vi 70", 70', I',
0 L' Rw.is t
c 4s .... 1.1 4.1 1.1
0 I 1 Ky Iuv
.Is IWU, C0'.j OO'.j..
0
4
8
S
to
3100 3.IS
104 7
3IW
409 4
Joe h
000 ..
coon a
1(0 s
100
tOO 8
100
400
10 4
130
3300
no
1000 G
300
00
100
v 700
5I
300
100
IIOO
310
too
30)0
100)
10
:eoo
too
400
800
300 1.50
!Mnrt IliSOO compare.! ti h JJT TOO I
"(KpU) Thus far this -... Jd'JJ'u
4ni ririoil last week. 131 ftoci I
BULL AGGRESSIVENESS i
FEATURE IN CORN PIT
Market Develops Strength Fol-,
lowing Frequent Changes in i
Early Session Oats Strong
too
too
too
mo
tot
900
1.10
too
too
mo
(V0
7R0O
3son
300
:oo
too
300
:iu
1110
(300
100
310
110
300
100
ZOO
300
100
11600
300
800
700
300
MOO
300
COO
300
300
t 300
300
700
160
t0
300
ZOO
700
too
100
130
, 3
too
Advance numely 40 '
A!ka Gold Mlnea... lji
AHIi-Cli.ilmr ..".... 3
Am Agrio cnom ..... SOli
Am Iteet Surer ...... SO
Am Monch Magneto .,10
Am Clin 43
Am Can pf 07
Am Cor & Fdy jjo'4
Am Cotton Oil 40K
M Am Drug Syn caah .. 14
SO Am Hide ft Leather.. 1914
Am Hide ft Leath pf. . 9,1
Am Ice 40
Am tee pf 3H
Am tntmat Corp ... 90
Am-lA Franc Englno n
Am Ltnserd' 78
Am LocomotU t 93J4
Am Ship ft Commerce 2014
Am Smelt ft lief...... 0H
Am SnunT...... ion
Am Steel Foundries .. 41
Am Steel Fdrlea nt.. 91
7 Am SuiTir lief ...... 1Z4H
10 Am Sumatra Tob Ml
Am Tel & Tel 07J4
Am Tob Sec temp ctfa 3oU
7 Am Woolen 11SV4
.. Am Wrtlrnit Paper pf 4IH
Am otno ieaa & am.. 18(4
Am Zinc Lead ft. S pf. S3
Anaconda Copper .... 57
AtchTftS F 83
Atch Top ft S F pf , . 78
Atl Gulf WIS S..14V,!
Baldwin Locomotive. .l5t
Baldwin Loco pf ....103
Haltlmoro ft Ohio.... 3
Italtlmore ft Ohio pf.. 48
Barrett 11J14
Bethlehem Motors . . . 21H
Bethlehem Steel B . . ?4tf
Bethlehem Stl 8 pf. .110
Booth Klsherteti li'
Brookljn lidlson ...94U
Uklyn rtaptil Tranalt. 13f4
Brooklyn Union Gas. . 33
Bruns Term ft II R .. cli
Butto Copper & Zinc. . 9
Butto & Superior Cop. itH
Butterlck 19
Caddo Centrat O & R. 20Ti
California Packing .. 7SH
lailfornu petroleum. 34
California Petrol pf . . 07
rase J I Thresh M pf. 98 X
Canadian Pacific ...,1IH
Central Leather 79
Ccrro do Pasco Cop . . 47
Chandler Motors ,...132
Chesapeake ft Ohio . . 07
Chicago A Or Western 10ft
Chi Gt Western pf .. 2H
Chi Mil ft St Paul .. MM
Chi Mil ft St Paul pf. 8tt
Chi ft Northwestern . 84 U
Chi nock Isl ft Pao .. 38 li
Chi R 1 & Pac C pf. 0331
Cht R I ft Pao 7 pf. ?!4
ChlloCopner 17
Chtno Copper 33
Clcv Cln Chi ft St L pf OS
Cluett Peabody 88
Cluett Peabody pf ...101
Coca-Cola 37 '.'
Columb Gas ft Elco . . 331a
Col Graphophone . .. 417a
Consolidated Gaa .... 81
Consolidated Cigar . 3755
Con IntrrMale Cal M . 19 J4
Consolidated Textile . 39
Continental Candv . !?
Corn Products Rcf . P3i
Crucible Steel ... US
Cuba Cano Sugar . l!-j
Cuba Cano Sugar pf. . 80
Dome Mines It
Del Lack ft Western .171
Denver ft Rio Grande 715
Denver ft Rio G pf . . 14H
Ktidlcott-Johnbon ....109
Rrlo I4J'
Krle 1st pf 34
Famous Playcrs-L ... 79
Famous Players rts . . KCJ4
Federal Mln & Sm pf. 30
Fink Rubber 30
General Cigar (in;
General Electric . . 137
Goncral Motors . . . .238
Gen Motors deb 7 . . 87
General Motors deb .. 71 V
Goodrich B F 07
Goodrich B V pf . 03 Vt
Great Northern pf .. 78H
Gt Northern Oru ctfs. 30H
Haskell ft Barker Car. 7? .
llendcc ctfs 30 K
llupp Motor Car ... 1314
Iron Produqts Corp .. 41
Illinois Central 87
Ititcrboro Con (,'urp.j Vs
Int Acrlcul Corn . . I6?4
Inter Con Corp pf HM
tnl Mcr Marino . . 31
Int Mer Marine pf . MJ4
Inspiration Con t-on . S3
Int Marv pt new 111
International Nickel . I H
International Paptr . . 33
Internal Paper pf . 7114
Joel Tea . 14
8
7
t
S
t
7
7
9
I
4
12
7
1
19
3
114
38 H
80
70 n
100
43
07
138 14
4014
1254
r4
014
40
son
8014
1
3314
a
2014
fri
18
41
01
Ul!l
"214
0714
114
41
17
St
sH
8314
78
mi4
198K
192
3614
4H
t"!4
3M
8414
11014
tU
04'4
13 Ik
32
ftli
'A
35
IStt
to
34 H
33
G
03 ?4
11914
7St4
401j
120
SO
10
20 H
37H
S714
ssA
37
0i.
76
ion
33H
C8
8S
101
3t
S3
41
78
.1 7 '4
I",
20
I0K
so;;
19314
m
78Ji
12
170
714
14J4
914
414
2314
08 ?4
MJ4
30
3S
01
S33J4
.NO
7014
C6?
3 JS
77 '4
3J4
S7
30
13 '4
87
t
io:
13J
31
V!
3114
111
7214
7114
ISli
P8H-
14-
Tnday'e Nt
Ctaso Cnsok
401
H4- 14
H
H
801
too -, Vi
a
07 V4
1J4- iri
40H 14
Mft- H
1 - H
3-114
40 V4
?- M
o
U
781
822
3014 14
J4- H
108 2
41-14
911
t24 H
831
07H H
SOV4 14
1UV4- 414
41H H
114 94
S3 14
S7 V
83H- V4
78
142 1
188J4- 11,
103 2H
3014- 14
48 Vi
lis 14
2114
84H-
11014
10H
S3 4
14
014
.18 2
18r4-
28J. 314
7SV4 14
34
' 07
osj;- Hi
130 N .?4
14
"l4
114
H
Dlv.
Sale in 1
300
10 2
30 4
200 8
280 1.20
1000 0
40
300 ..
10
10
10
too
10
0400
399
S40 1
200
4T0
10
17(0
10
24(0
30
270
10
. men
Kansas City Southern. 17V4
Kennecott Copper . ... 38J4
Kelly-Spff Ttr. 108
Kally-Spg T 8 pfn. 00
Keystono Tire & Rub. '31
Lackawanna Steel . 08
Liggett ft Myers rts.. 1714
Loft Corp 10V4
Loose-WIIos Biscuit . . SI
Ixjewa Co ........... 30
Loulsvlllo ft Nash
Mack ay Cos (0
Max Mot 3d pf ctfs . . 30
Mexican Petroleum ..M8H
Mlnrol Copper 3114
Middle States Corp .. 3314
Mldvalo Steel ft Ord. 4SV
-r
IT
2814
10714
99
30
07K
1SV4
l14
51
2
77H- 3,
47
130 - 4
87
to H
3H- Vi
38- li
S7J4 - J4
8SH- J4
37H- I
"H- 14
70 i
I8V4- Vi
33H- 14
08
101 I
3014- K
S3 14 .
li - .;
si s;
s"i J4
1014 14
30 14
!0?4
R3JJ 214
19114 - 314
4114 V4
t I
13
150 4
714- H
H14- H
101-31i
14J4-
21 - 14
34 h
S8J4 ..
30 H
3K- H
14
146 flu.
336?4- 1)4
801
70J4
67 214
77H -
3054-7
son- in
1314 !4
41 H 2
87
4'4 I- ',
16J4 - li
13J4- I,
31
Ml',-
111 1 '4
21 -I
73 -
7114- 2J,
U14
7
4
300 3.30
3(0 S
900
200 0
100 7
too-
1(00
100
070
400
COO
600
3300
400
11(0
409
100
300
100
1400
too
C300
800
31(0
300
4000
3800
10
soo
4(00
100
100
1((
100
100
100
200
300
700
SOO
too
100
14000
4100
1060
400
200
4109
300
100
400
0200
10800
27100
(10700
200
1(700
200
8(0
3100
13000
13(0
11(0
3200
100
100
30O
2800
300
300
300
100
100
5100
100
1300
2800
1100
100
5100
100
tsM
.. 73
.. lo4
.. t
..30
..I 4714
. . (9
.. 41Va
.. 314
.. 0814
Minn. A St I new
Minn St P ft S St M
Missouri Kan ft Tex
Mo Kan A Tex pt . .
Missouri Paclflo , . .
Missouri Paclflo pf
Montana Power pf
Multlns Body
Nntlonat Acme ....
National Cloak ft S
Nat Conduit ft Cable .. li
Nat Enam ft Stamp.. 70
Nat Enam ft St pf .
New Or Tex ft Mex .
New York Air Brake.
New York Chi & St L.
New York N H ft 11.
Nevada Con Copper . .
Now York Central . .
Norfolk ft Western ..
Northern Paclflo
Nnva Kent la R A C
Ohio Cities Gas i 4214
Ontario Silver Mining 714
5 Otis Elovator 130
.. Otla Steel ' "H4
.1 nwnntt RnMIInz Mach. 84
39 Okla Prod ft Ref
S Paclflo GaB ft Elec . .
0 Pan-Amer Petrol . . .
0 Pan-Amer B1
3 Pennsylvania R R
. Pcnn Seaboard Steal..
Peoples Gas Chicago..
. . Pere Marauctto
Pcro Marq prior pi
Philadelphia Co ,, .
Plorcc-Arrow Motor
Plerco Oil
Pierce Oil pf - -
uiiit.iiriTli .fc W Va
Pittsburgh Coal of P.i S4 14
Pitt C C ft St L 0414
Pond Creek Coal . ....17H
Prensed Steel Car ',
Pullman "41
Puntn Alegre. Sugar .. 7714
Ray Consolidated Cop 17?4
Rwy Steel Spring pf.101
Remlnifton Typewrit.. 71
Republic Iron ft Steel. 87
Reading j 761
7
7
3
4
5
3
. 90
4414
9314
32
34 H
1414
72
94V4
7914
Si 14
514
. 4014
. 8214
. 7014
. 43
. 34 U
. 40 14
. 3014
. 0
.30H
. 3H
. 17H
. 02 14
. 28
1
.74
S
7
S
10
4
8
JO
4
.SO
M0 3. SO
"a
14
08700
SOO
too
100
700
1700
1800
200
400
1000
noo
200
1800
100
700
Royal Dutch Amcr . .
Saxon Motor
St. Joseph Lead ....
St I. San !?rancl(-co .
St L San Fran pf ...
Scatioard Air Line pf
Sltattuck Arlx Cop...
Shell Trans Trading .
Sinclair Consol Oil..
Southern Pacific ....
Southern Railway . .
Southorn Railway pf
Studobaker
Ktuts Motor .
Tcnn Cop & Chem
Texas Co
Texas Co SO Paid .
Texas ft Pacific
Tobacco Products .
Transcontinental OH
Transit ft Wmi Steel. S714
tTn on Bae & raucr.. b
Union Oil
Union Paclflo
Union Paclflo pf . .
United Alloy Steel .
United Drug 1st pf
United Ry Invest . .
United Rv Invest pf
United Retail Stores
U S C I P ft Fdy pf
U S Food Products
U S Ind Alcohol . .
U S Ind Alcohol pf
tt s rtcnlty & Imp
U S Rubber w -
U S SmelCft Rut 4V4
t; S Smelt ft Rot pf . . 4514
U S Steel
U S Steel pf
Va-Carolina Chem .
Va-Car Chem pf
Vanadium Corp ....
Wabash
Wabash pf
Western Pacific pf .
Westlnghouse V, & M
.19314 W
30
10
3114
33
4414
17
73
1014
10
20 li
47
99
4114
314
07
on
70
99
4414
91
32
334
14
71H
93
7814.
54J4
41H
7
120
28 V4
'54
514
4614
80 V4
714
42 K
23
3(14
29 H
68
35 ?i
SI34
17H
9314
28
541a
0414
1794
92
1I41&
77
17H
101
71
MH
73
97
1.1
154
2314
32
18
1114
7394
38 W
OS
23
sK
8114
113
0Ji
173
170
3014
5!4
2314
8714
88
31
1S?4
0614
43
4814
0?
23
60 H
4K
5014
7814
0714
4414
91
6114
43
04H
110 14
02
98
1314
15 '4
24 H
3214
tSH
12
7614
3914
9714
2574
57
83
.U3U
. 10
177 J4
.170
. 37 H
. 07
. 23 4
Today" "Net
Cloae Cbce.
1714- H
3814 14
1(8 M
98-14
3014 H
0714-
Mri 114
I9V4 14
si a
30 14
19314- 14
0 1?4
20-14
10714 Vi
2114 V
J3H- 14
4SV4 14
17J4 94
733
10 14- 14
10-94
3014- 94
4714- 1
9994-, Vi
41V4 14
30V4 94
0814 a
9H W
70 1V4
9
4414- a
94 - 3J4
32
3394- 94
HI4 H
7114- 94
931
79 - ?4
3414- 3
4214- 94
7-14
130
28)4 14
54
814 .
4614 294
8214 '
714- 74
42J4 14
23 - 1
46 314
29H - 94
6 V4
36H 94
S3 1,4- 94
1794 14
02V4 ..
28
S4V4 li
0V4 114
17H- 14
92 - 1
1UH 94
77 - 114
1794 14
ioi 14
71 V4
8614- 1H
75J4 14
97 3H
15
1594 U
23H-
3314- 94
18 - V4
12 H
LOCAL INTEREST CENTERED
IN , G. I.-NEW STOCK ISSUE
With Mystery Off Selling Pressure Against the Stock Is With
' drawn Underwritten by Bankers
7414- J4
. . 31'i
..120
. 60 14
.. 4314
. . 404
.. o?4
. 21
. 6 14
.. 4494
. . 67
.. 7!a
..100
41'4
Western Maryland
WhecUng & L Ei lc .
White Motor . . .
Willys-Overland . . .
Wisconsin Central
Worthlngton Pump
Vx dividend.
95 H
111
03
. 107'i
48
IO14
2014
60
50 14
inn
13(4
4:1 4
24'
30 !j
3014
9614
24 li -57
8714-
11394
19
173J4- 194
"0
3094 - 14
r.5V4- 3tt
3394 H
71i
88 -31
-119
49'i
994 33
0714- 94
49- 3
67 -
7914- Hi
09)4- 114
41V4- 1
9474
61)4-
15 -
947, -
Ulr
0
Interest locnlwUo centered in the of
ficial nnpouncement of tho United Gas.
Improvement Co. of the proposed Issiie
of $15,000,000 7 per cent cumulative
preferred stock, of which $0,103,000 (s
to be issued upon the upprovnl of the
fttockbolders at the annual meeting on
Mny 3. If rntiaed, nnd it's quite cer
tain it will he, .the. new stock will bo
offered to tho shareholders at par nt
the rate- of 10 per cent of their present
holdings, '
Tills not only confirmed the well -defined
reports circulated on tho Street
yesterday, but also explained the recent
recurrent heavy liquidation of the stock.
The management, apparently, had no
other alternative, to rtilse funds to fl
nanco improvements and betterments of
tho plants of tho underlying companies.
In nil events, it is n much less expensive-
policy of financing: than resorting
to another issue of 'short-term notes in
view of tbo present mony market conditions.
Samuel T. Bodine, the president of
uie company, in a letter to the share
holders, frankly rovlows the situation
Confronting the utillrv mrnorntlnnn
throughout the country and inability
io oocain me necessary tunas to perfect
tho service Tjy reason of the abnormal
conditions in the security markets as
the result of tho nfter-war conditions.
In plain everyday English tho com
pany virtually finds itself in a noaltlon
of being security rich and monev nonr.
That is to say, the conditions of tho
security markets preclude tbe following
of tho customary policy of obtaining
tbe needed funds for improvement and
betterments through the sale of securi
ties of the underlying companies.
The new preferred stock is to have
preference on liquidation to par value
share nnd accrued unpaid dividend.
Only S0.JO3.OO0 is to bq issued 'at thlj
lime, u-c Daiance io ic iNsuea irom timo
to time when authorized by the stock.
holders.
Vithtno mystery cleared Up, thetn
was nn immediate withdrawal of Keillor
pressure when the market opened tdlt
morning, with n rally in the stock tt
$1 from yesterday's, low. level to pit
or $30 a share.
The stock, however, was frooly sup.'
piled on tho rally, 'which was partly d
to' further selling' by some who believed
the now preferred stock issue fore
shadowed n reduction in tho current
dividend rate on the present stock,
There was nothing in Mr. , Bodine',
statement, or otherwise known, which
would substantiate this theory. The
new policy, however, put kn entirely
different anglo on the company's affairs.
WUICII UCICUIIVLU HI" UUt UUimQUOie,
which heretofore was not obtainable,
Tbo announcement that a prominent
banking house had under written U
uew preferred stock issues brought in.
other rally in the afternoon lifting thi
price to 40 .
In tint balance of tho local toclt
the trading continued on ssmo limited
Hcale, with prices cither unchanged er
fractionally lower. Philadelphia IlanM
Transit on tstntll offerings fell btck ti
23. Philadelphia Traction was held it
01, nnd Philadelphia Electric was Arm
at par. Insurance Co. of North Ameri
ca warrants yielded to 7. On tit
other hand, Lake Superior Corpnrt
tlon declined to XTYs . America
Stores, after reacting to 43, made i
new high for tho year nt 45. Amer!
can Gas was $1 higher at 02 on lim
ited dealings. Electric Storage Batten
And accrued unpaid dividends, and is met fresh selling in tho late dcallnji
nuecumuic in wuuie ur ui pun ui fij u upciimng io -iiu auu rauiea io nu'j
LONDON STOCK MARKET
Renewed Fears About Taxation Cast
Shadow Over Trade
London, March 2. A renewal of
fears about new taxation again cast a
shadow over the stock exchange market
today and trading wus narrow with a
weuk undertone.
The oil department was weak, Shell
Transport selling at 11 mid Mexican
Kudo at 11.
The industrial tection was steady
and the gilt-edged list was dull.
rasslng of all dividends on the stocks
of the (.Jrand Trunk Hallway for the
last yenr made the shares of the road
flat. Argentine rails Merc in demand.
BUTTER, EGGS AND CHEESE
w York. March i nUTTKn Un
settlad. .Uecclplf. 0317' tuba. Croamary, higher
than extras, fll'i OOSci rrmfry mtrns (Rl'
wore), 63 O0U: flrata (M8 to Vl-aroro). M
tt03". paiklnic atock. curnnt malic. Na
. afil4 r
" UOGS Irrdtulai1. rtfcclnt". l'J.0118 chsch
Frcah-Kath'r"d extra Orals, f,8c: (lrila, CC
Sic; atatfi, Pennaylvanla urni nearby wot.
rn hennery whites, flrats to cxtrav, fi8Ci
S3c alate, Pennaylvarla and nearby hen
nery browns, extras, 005Olc, do. gathered
hrowna and mixed colon, flrats lo extras,
StSSOe.
CHEESE Steady Receipt!. 1710 boxes.
Stale, wholo-mllk. flits, held, eperlala, 20(4
Sir: dn. averare run. S8W2!c: atate,
whole-milk, twins htld. specials. itlifi'BVie;
do. averoso run, 27V4&2Sttc
LONDON METAL MARKET
New York, March 2. Cbf dvlr r. I
reived at the New York MtUl Exchtati I
uuoir.1 irivi in uvuuvn ivgr na IOII0WR'
Tin Upot, till,, an advance of t 10; t
an upturn or f: etraHj
If Its. Sales Snot, ill
oinnaara cotrer
tures. I tin 10s.
rill, a coin of
tons: futures. 100(1 tona.
Snot. 110 7s Od, a decline of It: futurM.
1122 10s. a. drop of Sa. fc'alta Spot. SOO tout
futures, noo tons. Klectrolytlo umvi-
Spot. M27; futures. (129, both down l,
I.CHU fP"V tf. IWi 1 kVm V 4V9, lUlUri.
ISO 10s. an upturn of 3s; futures, IK Ik
an anvanit. in iiiw.
United N. J. R. R.
& Canal Co.
Charles Fearon & Co.
333 Chestnut Street
KXrEKlKNCED 8KCU1UTY SALESJLW
ran secure nn underwriting control
shonlne n arnim nrnllt of SIOO.OOOi wlnhei
partner with 10,(IOO, capable of handllnr
Ihe nfllr end. Address "Confldenllal,"
A 322. I-edcer Offlre.
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
161S ILEAL KSTATE THTJRT HTJM1.
InvrMtlrate r.nd adjust DaHBarihlp asi
corporation arcounu. aiao prrpar V. s,
Inromn Tax Katurna.
-11
,....................................................,,,,,
107 A 107
47
10
no
sou
it
n
.ia
.
30 W
71 ,
48
10 -
i8r5-60yi-
fioH-
Jt? .
ja
.VI -24
3014-
11 -r
H
;
IK
!'4
ii
li
1
la
ii
12
Wnt Tenn. r. eh . ID.'l
.Weat renii, P Ss. mm
Weal Venn P Hi. I95H
Tonfee l'ner .1, 18?
fns. Trae. V. .1. .1.. 103.1
r-artUiid llwy. R. I8JI0
Kroplre Oaj 4 Tuel B. tn'n
r.lant Portland emrnl Peef
ritU., Hhenanso A IhU Fele .'. I3()
HENRY D. B0ENNING & CO.
stock raniAMit; itiii.ni.M)
Direct l'rtata lelephnoe to New lork
.Mrmbera l'lilla. Mock Klcliame
STOCK EXCHANGE HOUSE
WJint exporianced
MARGIN CLERK
Mlltt be a good man. Addreti
A 323, LEDGER OFFICE
Renna. Water & Pr. 5s. 1940
Phila. Electric 6s. 1922
Cities Fuel & Pr. 6s. 1922
Toledo Tr.. Lt. & Pr. 7s. 1921
MSCown&Cet
Unh BIW Land Title Dldg.1
FOREIGN EXCHANGE
Nrn orl(. Man ii - -Tli foreign
i'i bans" innrKot iipi-neil up kliglitly this
inornins nml tli tiidilini; at the atari
wan artivo iniil vtruni: Dpinanil sterling
up 1 ' .. cHtit-. nt ." 45 '. nnd cablrs
nbiuit tbo cinni-. nt '' til'.. I'rnnc cublr
ieic up S foutiim1-. hi 11.10, nnd
ihe-rU WPIP MUoli'd lit 11 1-.
Olhrr qu'ptalionn ttm-
l.iro ciiblni 1 - 1 r. . ihinKs IS. 17,
Sum.-. i'ul)li" (! 1-. r!ierk 11.14; Hfl
eiuti lubli't I.", -t.s. i hei kn l.'i.KO: guildri
rnb1i" clK'ikE "iliTM , ppsotH cubic
IT ."ill. rhni ha IT 10. Stockholm rubles
l!i. fhif'si 18.". PliristiBnia cubios
IT.'iO. i luck h IT. I." f'npnbuRin cabloii
I." 'J."i. ihecki. l.'i 10 marital 1.04.
! i niuiiie hfiu v lmrtlr bcfori' noon,
drmiind storlin rfnctPfl 'Ji rent, in a
i half hour. i-parliitiK ." 12 ) . .'I cents be
Ion iip iioninK rnte for the day. Strl
nig rnliV were it Ki'j. Krone rnlilrs
were 1 I 'JO clierks 11.22: lirfi CBhles
, l 2V In-, ks IS.:'0, Argentina, un
i bunged ut 1 01 .
' rlerrln'B Tlnil QuoUtlem
Srlm 1'f.ncs l.lre QulMrs
IJemind 1 42 li:j 18 .1 R1J
i ii.i-a n i( ii ;o 1 :.'. jioii
, Today' Openlnc Quotations
Sterllrn Krarn-s l.lre rjulM"rs
n ., 14 IJ l 17 M
3 HiS 14 10 18 15 .17
Noon (looUllons
I Sioriinn Krancs t.lr Gulldera
I Pemind -I IUS 14 .1 18 .T
-aides 3 I3' II SO 1" "U
Closlm Quolntloii
Hierlm Truiics Lire Ouildrn
pmnd . 3 41 M'.'I I"-.'.- .in".
, i ttblxs 3 IJ'. 11 20 IK 20 till
OIl.MN Iir.l.T IVKATIIKI! mill AST
I lilraan. Mrrh 2 For X 1 . nnln !i
enurl. AVIsroneln Minnesota -ii'l Vorili
Dakota Cloudi- nnd unsettled tonleht and '
Wedneediv town and Kansas Increas
ing cloudtnees rain tonlnht and Wedne
dday eolder Wednesday. youth O.ikoia
niif" NVbraekn Jlaln or snow toruslit .r
Wednesday Montana nnd imlnc
Snow and colder tontht ,ind l 'dnesday.
Chicago, Mnrrb 2 lliil! in m be
ranie innre aggressive todiiv and the
market exlubitrd cnnaiileruble strength,
followiug frof)iicnt rhntiges euil.i in the
session when local operators iipposed
Hilvant'es. Commission houses were good
buyers and shorl.s finallj (ovu-ed Thin
demand i-i-nrlicd stop Io . orders to
tuy.
Among tlie infliieiiees ihiil made for
higlier pru'es were a hullii report by
Snou. a Hiiiall car lot estimate an in
dlfHerent iittituije on the purl of farm
ers mid the npproneh of ofr weather,
which would put roads in the country
in bad londitinn fur hnuling
lat were strong with sinull eti
ir.stPH on farm lesenes and lack of
offerings the feature. J.ouil operators
sold early, but they covered later t'om
miHuion houses wete persisicnl buerp
The seaboard reported iinra Untlnu of
oats bj Kranre nnd some resale by ex
norlers in the 1'Hst lo shippers here.
Home brokers credited part of the de
mand for futures to coieiiug of shorts
for Wall street.
IC.port buaiuess seemrri to be out of
the ipieetloti and receipts were light.
MONEY-LENDING RATES
NEW YOKK Money on mil. both
classes of collateral, openeil todny at
10 per' cent for loaning and renewing.
The money market for time funds Is
a little harder in tone todny but there
is little or no biiflnei'S being transarted.
There l n supply of call monev at 10
per cent, however. The average din
count figure on transactions in choice
paper is tl- per cent, with some busi
ness at " per cent.
The tone of the. market is hrnier and
prime bank acceptances show a moderate
movement nt unchanged riioi.iliona. Call
loans on thiM class of business are li',,
ffi'iMi 1"' c,,nt- , , . ". ', '
Nominal niitation,! fni ninety -day
money on industrial collateral are IliJI
0V- per rent, and on good mixed peetiri'
tics 8I&.8".. per cent.
PI!IInrxrilIA Call. per cent;
time. 0 prr rent; rommeicial paper,
three to six months, 0 per cent.
LONDON Money is limited nt "li
per ccut. Discount rute. short blll,
fiTa l"r rent; thrco inootli bills, OTs
per cent.
Reserve Banks' Discount Rates
'Phi. firat rolumn gie rates for all
period up to and including a lifteen
.lav mMtiiritv. the second for n period of
oix'teen to ninety days. Tlie third mid
fourth columns give uu- raies tor uia
counts for collateral loans secured by
government bonda or note
l
pemand
I C'alde.
il".
il'.
TAX RETURNS
I. Franklin Howard
"W Accountant
Ml li XIU MU.
RANK CLEARINGS
Hank elearlni today eompared with cor-
repondin day last TO Jears.
181.
1P20
..i8o oe
Iloslon SI 441.1114
riilla
mia lots
0 081 J68.417.42l t tT.T2B.T33
4 nO.2S3.73n
Haltlmora 18 109 700 11.37.110
ChlratO 14H .Mil 282 10J.185.827
Ct UllK. 2H,234,Hna -JO HAH.U71
N y 1.0UI 100,040 SI3.03T.001 614. 31)3,21 1
CHICAGO BUTTER AND EGG8
rhlcsco.. March J. BUTTEIt tower.
Creamery, 4T81
cut
Wrata,
nscaluta. 1J.22 casta.
J tool ordinary flrata, DViic
RtiaH Iower.
.i. 48Uat0Bi ordinary flrats
at mark, casw Included. iTHtffc,
Leading futures ranced -is fallows
Torn (new rlllvri ) yeal
Jl ... 1 -ISs, 1 40 1 3rt' t .111'. 1 nVn
July 1 .io'I 1 31 I 10S 1 33' t 3IH
Hepl . 1 27', 1 UU 1 -'7'n 1 :' ...
Oats
Mav S4 81 8.1. h'i 8nt4
July 71 77 73'a 70', 7.1S
Msyr 11 4.1 .IS 11 .11 IS 3.1 20 -31 S3
July .... . J1 10 3t JO
Ird
.May . 2" l SI 2.1 20 8U 21 .'.' 20 8.1
Jur-'y . .21 33 21 77 21 32 31 77 t.'l 3T
May .18.10 18 Tr. 1830 187.1 18.H7
Julv 18 92 111 17 18 00 10 17 18 92
Old 'Aaked
DIVIDEND8 DECLARED
Ohio Cities Das Co quarter v io on
preferred, payable April 1 tu atncK of record
Mar-h 1.1
lUmlntton Typowrltur Co . quarterly II. TJ
on flrat preferred and 13 on ei-ond prefer
red, payable April 1 to atock of re ord
Mareli 10
Cambria Iron Co Ktmimnutl II. P4
abU April 1 lo aloek of rei-ord March 15
Amerlian Woolen Co. nuanerly of 14
per cent on preforred and commun. payable
April 1"
llerculoa Powder Co , quarterly of 'J per
cent and an eitra of 1! per cent, payaulo
March 23 to atnek of record Murrh IB.
Kelly-HerlnBrteld Tire Co . quarterly cf
II SO on 8 per cent preferred payable April
1 lo atock of record March lfi
Continental Oil and rteflnlrur Co., monthly
Z per rent, psysbla March IS to atock of
record March S , ,
American Smolters Securltloa Co., quarter.
ly of tM per cent on oreferred "A" and 1U
rer'ctnt on preferred ' H.". payabla April
tu stock q record Uarcb li.
ftom'l neper
1 to HO
15 days das
Gov't paper
19 to pg
11 daya
-m
.iw
3l4
3l
3 '4
IH4
A'i
S'
LIVESTOCK QUOTATIONS
rhlmto, .March 2 IIO!S- llee.-lpis. 28.
noo head Higher. Hulk. 114 40V la 2.1. top. I
9 i.i ou; nra 911 n't' 11 eu. meuiuni. i i"
lit 1.1 23. lutht si.1tfl.14li llsht llBhts J It .10
W1.1I0. hay paiMnK aims smooth Jl.'!
13.30, nseklnc so, rou.h J12 '-','. tj IJ 7.'.
.ii. 113 .'SUM no
CArriJS llocolpls. II tiOO head l'lrm
Iloef steers, medium and lua choice and
prime $14.2." 1 III, medium and h'ood. tll.bO
Oil 25 common. J91J II 80. Unlit, sood and
chob-e $12 2.1fr 13 23; common and medium,
I8.75fl 12 '.Ti, cr,w H SOV1S Ou. canners anil
cutters II 304KI SO. veal calves, IKi&IO M
feeder Hirers, 7 7i11.0.1. slorkor sinrs.
I7WIH.30
SHKBi1 llerelpls, II 00i head, l.milie.
$17.1020.111, culls and common, I4
$17 23: m medium koix! anil rhoire
111 2.1'd 1 1 30 lulls and Loinmon $0110 73
RAILROAD EARNINGS
nosiop
New Tcrk
Philadelphia .
nirhmond
Cleveland
Atlanta
('h leaf n
Bt. Ixula ...
Minneapolis .
Kansaa City -Dallas
. . .
"nate on outstanding certificates of In
d.btedness continue unehong'd at H per
cent
NEW YORK COFFEE MARKET
New Yorl, JIarch -.Owing to tbe
holiday in Brazil there were no official
cable- received this morning. The mar
ket opened firm, however, at ndvances
of 15 to 20 PolntH. On quiet tradior
prices held well "P to initial figured late
in the mornlnc.
A apecial cable to the exchange re
norrcd a decline In the Hio spot market
of 7S rcia and Rive Itlo exchanice. on
London an advancing V4d with a holiday
TliVlocal market was qiilet nnd fea
tureless. ,,, Todmy,.
close opn
March .,-- .'H? ,VjA
May ..,." JJ'Ji iJJJf
sttit tmbir ... J$.ajfi.iJ'6
1)14," ,;- rt?
J 1:80
a. in,
tfJo
14.(4
Kansas flty. Mn., March 2 llOGrl- lf
cHnts 13.000 head Higher Hulk. 113 SO
CtltlO h.HVlia. !3. lUtlM. niedluiiiH
13 704J1I u- Ilghta Illl0tfl4 70 pi h
lug sows. I120 12.73. pigs. $120 IS K0
CATTI.I. IteielMs OSOO hind Sir,n
IIihvv istef Hirers, ihole and prune l.l
m 1 1 5" inuiuiii Kni kooi. 11 1 -iii"r j j -.-.
common UMiitl 30 light, gewl nnd
choice. $11 2.1 li 13 0.1 common $8.'J.ltrl1 21
butcher oatlle heifers 15 901(12.10. co'
ft TV 1 1 l.i iHiiuers and ruiti r $4,111"
117.1. enl cnlv.s $12 !iOf 1 1 111 f-nler
steers. $7 KOtl 12 35. stork-r slur." Id J"i'
10 8.1
M1IUKP Receipts. 10 000 head I.ni.ilii,
tt'ak. Hhocp steady I.dmlis $1511 10 7"
culls nnd common. $12tt l 7.1. yearling
urthers. $13 SO (a 18. ewe $llifi:7.1 (ills
and common 1.1 2fCf 10 73, breeding iius,
tbtf II. feeder iambs $15 2JVI7.73
l.tst si. Ixiuls, March 2. IIOOH H
celptH. 13.000 head Higher Hulk $1I7.1C
1.1 30. heavj- 113 7.15)1183 medium $14 73
V 13.30- Unlit II.'. 11)91-1 10 light Ilghta
$11 81tf IA 40, heay packlnif oi, anioolli
$12 30912 78 packlpu- sows, rough, $12(J
12 50, pigs, $11 r.ofois
CATTI.K lie. ipta 4500 head Higher
lleef steers trr-rlluju and ll'-aw choice nnd
prime $ 1 :t ,10 1 1 ,1 medium ,nd good $10.10
V 12.2.1 mimimn $ri1jl()2.1. light, gtiod and
choice $11 TnnilfiO common und tnedliini
$8,A0&11 30 l.utrher cattle, heifers, $7 2.1fl
13.10, ios $7 S.ltl 10 .10, canners and eul
tera $1 fi07 veal calves light and handy
weight. $12trl7 feeder stnirs 18 306 11.
atovker si -era $7J10riO
hHEKr- tli-reipis IIOO head flte.idy.
I,Hint $17 7.1f 20 2."n rulls and cnuunun
$13 TOWIT 50. venrllng wethers $151(18.50,
ewes, medium and rhohe. $10tJ 13 75, lulls
and common .1'3 7
East UufTnlo. N. Y., JIarch 2 CATTU5
rtecelpts, SOO head. Iltavy. Flow, dilxos,
eceipts 6O0 head Ptesdy. $fli33 CO.
IICXJS llecelpte. 300 head Light Uc
higher HUs 3.18 3.1c lower- hea-y, Itft.riOty
10 mlsed. I ti 2.11(10 .in orkerH. $10 4ni
III 50. llgat workers $189 III 8.1, plga $1,150
tllrt: roughs, $l3f) 18 r. stags. $ati 10
HHF.I5P AND I.AMD8 llecelMs. 1100
hi-ad. Hteady laimba. $13020.8.1. year
lings $12UI0 wethers $15 SOCIO, vwos,
8tj14 80, mlrd sheep $14 50Srl5.
Ni;V YORK CKSTHAl.
1K20 inr
January sro .$30,107,201 $.1373,883
Ilalsnce after lax . r,,H80,l5l 2 117,138
.Net oprat Ini'omn 5,083,609 2 770,400
rillf.AllKI.PHI.V ASP IlKAtHNCl
January srosH $8,031,82'. $080,841
)lal.im.e after taxes . 481,008 518.723
Net oper. Inio-ne . 274.250 (131. UOJ
cniCAno and NonTiiwusrwiN
January erosa $13,003,082 $3.20T,22l
Ilalunco after tes . S38.54II 75H.OIO
Net opcr. Income o20,393 S18.250
OltUAT NonTiiurtN
Januarv gross $10,181.08.1 $1 27T.835
ItHlanie after Uj.es . 1,1100.400 083,70.:
Net opr. income . 1,094,341 7C0.S83
L'Li:VIJt.AND CINCINNATT. CHICAGO
AND ST I.OUI8 .
January gross . . . 5T.37T.250 $2,o:,37s
lialancn ifter taxes . 1,01)8.841 I 413,188
Net niier. Income . 1. 373,210 1.231.808
COLORADO AND SOUTHKTIN LINKS
Third week Kebruar. $40,384 1 1, 87.1
Krotn Jonuarv 1 . ,1.742.130 377,512
NOIlTHHItN PArirtG
' 1 .lanur.ry zroKH .. $0 131,003 $1,510 711
1 Hiilanre utter tu -..uii7,7n:i uoj.IOO
.Net oper. inom. . z.aw.inv ou.uil
1108TON AND MAINi:
January cross . $0,778,275 l,33J,7li
ilalsnce after tax-s . . 102.43.1 .118,208
Net oper rteflm ... llO.Oli 01.1S
Decrease.
I'lIIfeiiurgu iiurrii -, iiihjm -rtere pt
1800 head Market steady Ili-nvlea $1150
March '.'.
014.78.
yV!ti?..
ai
h.-v tnrkers. II1ISJIHV.1
lD.!BJlo oO: p'gs. $)8U15.23
-IIOJS -nerelpts
lli-nvles 111 3(
$UII82,1. ,ht
KEEP AND
htsd Steady.
amps, a.u.pii
rALVLH Atcelplt. J50
Too 121
LAMHH -ll.r.lnl.
-l" . i."j
.! Slicnp, f
Ints., 3000
15.50: top
head. Steady.
Cloverseed
Toledo. 0 March 2. rioversted Pelmi
Elected President of Wabash
New Yorlt, March '2 .J. 13. Tuum-
ing. niniiogcd of (lie Wabuvh Itnilroail
diirlnK (Jovernmeiit control, was elected
president of the roHd ut a meeting of
the bonrd of directors, here toilny. He
whs president before th government
took the railroads. William H. Wil
Hums, who noted us president mid
chnlrmau of the board of directors
under the Federal ndministrntlnu, wus
chosen chairman of tho board.
Liverpool Cotton
I.herpool, March -, There whs only
a limited request for Hpot cotton today,
with prices easier on the banls of a
decline of 47 lioints for middling ut
2tt.-Mil Tlie sales were 4000 balew. Tbe
nseipts were 30,000 bales, including
".l,ri(K) bales Americun. Futures were
ensy in the early dealings, Hpot prices
were: American, middling fair, .'11.43d;
good middling. 31.4:id; fully middling,
S0.4nrl ; middling. W.4:id ; low middling
'-'U.l.'id; good ordinary, !,0Jl. und or
dinary , 111. (Kith
Demand for Refined Sugar Active
Nmv York, March 2. The American
Sugar Ilelining Co. today reduced re
fined tuigar prices to a baslH of 14 centn,
let.. 2 per ccut for rash. They uro,
however, not as yet accepting any bus).
ne8H at this level. The National Co.,
however, Is ecccptlng home buslne8aon
the 14 cent basis today. The Federal
and the Warper Co'h, art still with
drawn, 'Xhn ilrmand for defined migarti
continued uctlve, Inquiry comlug from
nil Bcctjons of th,ooitnry.
rash. 184.8.1; March. 184.80) Apr , $31 10;
Oetohtr ?5,25. 'Alstka IV ma! T caeh. 188
March. $25 April,
March, ,
$88.80. fjmothy-
cash. $1817. 10.40; U8. $8,46) 1010. $8.4
i.ioia I APtll. $8.$.'i ) May. $0.4:
I
rlme.
BAR 8ILVER
Commercial bnr Bllver was quoted lit
SERVICE THAT IS BROAD
AND COMPREHENSIVE
NUMEROUS long-established direct
connections in the leading business
centres throughout the worldcnabje us to
promptly finance import, and export busi
ness on favorable tcrmS and to make collec
tions in the shortest possible time.
i'
Wc sell and buy foreign exchange,
make cable-transfers and issue travelers'
and commercial Letters of Credit.
For those engaged in the export busi
ncss wc shall be pleased to obtain credit
information respecting prospective cus
tomers. Travelers may secure steamship tickets
from us over all lines, and itineraries and
hotel reservations will be arranged without
charge.
Accounts arc invited from corpora
tions, firms and individuals.
CONFERENCES INVITED.
FOURTH STREET
NATIONAL BANK
131-145 Soutli Foui-th Street
Capital, Surplus and Profits
Over $10,000,000
t mmi
I8BI an advance of V4c in New York today
tolot $l,a nn otincd. Tu. prjee in Iitfn-
Sugar Syndicate Now Being Formed
A nyndlcatn Is now lielin formed to take advaxita$ra of the
world's aug.ir shortoco by Ueyoloplng tlio migar and oyrup Industry
of South Florida.
MIIHonH of ilollarn liavo been spent In development worlc In
tho dlalj-lct whero tha syndicate will opcrata Sane anolysla ehovr
tuiear content eaunl to Cuba.
Tha advertl.wa have been Intimately connected with Uia -evel
opment of this cectlon for tha lust ten years.
We liava a larco ncaualntance with the farmers, land-owners
mil local oeoDin nnd liava tlm promise, of their ootlvo coopera
tion this being the result of ten year' fair de-tlmi an naaet that
money cannot buy.
Capital lolnlnc with, us now will oharo in tho building- of a
business that linn unlimited opportunities for expansion on a
financial Plan which will b to Uia great benefit of tho orlshnl
syndicate.
"Hufar" la America's craattat undTIope4 rsiource. Why pay
forelineru half a billion dollars, for "surar' that can bo made In
Amrlc. Tlnre la n. world shortage, of ugr and prohibition l
IncreaoInK consumption enormously. Kull Information, Inoludln
rcferencea, ttatUllca. eta, furnlahed. to responsible parties.
ADDRESS A, 308 PUDLIC LEDGER
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