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EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY,. MARCH -4, 1920
" a. ,1. ,t,
CAP1TAL$500,000,00U
ff SURPLUS (EARNED) 11
II $2,000.000.00 Jl
Ylxth&SpringGarderv
jPHIIAOElPlMgJ
THE BEST TIME
to make a Will is while
you arc in the best of
health, sound and vigor;
ous, both mentally and
physically, when you can
plan better than if you
wait until your last ill
ness, or you. are perhaps
incapacitated by old age.
WE CORDIALLY in
vite you to consult our
officials freely, without
expense, about your Will
and to consider the ad
vantages of appointing
this Company your Exec
utor and Trustee. Upon
request our representa
tive will call upon you.
You Should Make
a Will Today
Ida
SAFE
PROFITABLE
INVESTMENTS
Frazier6Co.
BROAD AND SANSOM ST8.
PHILADELPHIA
13 SOUTH ST., BALTIMORE
6S BROADWAY. NEW YORK
NEWS OF FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK QUOTATION
OIL GROUPSTRONG SPOTS
OF DULL OPENING MARKET
General Motors Strings Into the Leadership Later With a
Spirited Rise of Over Five Points
New York, March 4. Some Improve
ment was seen in today's stock market,
out It was without particular slgnlti
'canco In that the elevation of quota
tions resulted almost solely from tho
covering of the overextended short In
terest. The recovery movement, however,
was of a general character, jet the
movement was more on individual lines
rather than of a collective form. That
is to say, one group after another
was run up so that in the cud it
embraced ulmost the entire list. The
increasing dullness which accompanied
pthc irregularity of tho preceding ses
sions plainly suggested the market ap
proaching an oversold condition, which
was to ba expected in view of the ex
tremely narrow limitations of tho cur
rent speculation.
It started with the oils, shifted, to
tho shippings, then back to the motors,
rculiifting tp the miscellaneous special
ties, then to the Htecls and finally to
the rails, particularly tho cheaper is
sues. There were suspicious earmarks
in thctc maneuvers of liberal realizing
in one group under the cover of strength
of another. A very common practice
in a trader's market.
Despite the obvious professional and
artificial character of tho movement
the spectacle of rising quotations fur
nished a rcfreohing relief from the dis
couraging melting away of market value
In thd two preceding days. Tho upward
swing, if it may be designated as such,
was helped along to some extent by tho
reduction of 1 per cent in the renewal
call loan rate to 0 per cent and the
strength of foreign exchange. Bills on
London touched the highest In a month.
Tho apparent easier call money mar
ket conditions, however, were more
supcrlicial than real. The 9 per cent
rate did not reflect any important Influx
of call funds for stock market purposes,
on tho contrary, the supply, in reality
is stilt extremely M-ant. A peculiar
situation, however, has been evidently
created by the maintenance of tho 10
per cent call rate this week. rrom all
Indications it has served to created a
considerable surplus of out-of-town
funds, which will be permitted to re
main undisturbed ns long as tho high
rate is maintained. Should thcro be a
sudden rcluxtlon, say to 0 or 7 per cent,
It Is reasonably certain these funds
would bo promptly withdraw, and which
would immediately create the same
scarcity ns existed before the call rate
wns jacked up to 1 Oper cent in the lat
ter part of last week.
Oils, motors, shippings and equip
ments Infused firmness to the dull open
ing, other branches of the list rising
or falling within fractional limits. Out
standing features embraced Mexican and
l'au-American Petroleums, Texas Co.,
Marine preferred, Atlantic Gulf, Amer
ican International, Worthlngton l'ump
and American and Baldwin Locomo
tives nt gains of 1 to - points-
ltcalinz sales caused reactions of 1 to
"i points at tho end of the first hour.
The market, however, hardened again
when rails becarao more active. Buy
ing of those shares centered in tho
chenper issues, especially Hock Island
and New Haven. St. Paul, St. Louis
and San Francisco, Texas Pacific. I'ere
Marquette and Southern Hallway also
participated, the advance ranging from
1 to 2 points.
The shipping stocks were again ac
tively traded in with those issues being
bought ou tho belief that the various
companies will work ns agents for the
United States tonnage, which has been
transferred from the control of the ship
ping board for operating purposes.
NEW YORK BOND SALES
Summary of Individual Transactions on New York Exchange
Adams Express 4s
6000, .... 00
4000 .... SO
Am Agr & Chcm Cs
1000 .... 93
Am Smelt & Ret 6s
1000 .... s:
ioooo .... s:u
Am Tel & Tol Co clt
3000 .... 77
Am Tel & Tel Co 6s
5000 .... SO1
7000 .... BOli
Am ThI & Tel Co Ob
1000 .... 00
looo .... oo
1000 .... 00
Anirlo-Frcncli B 6i
Attention:
Holders of
PHILA. ELEC. 00.
6 Notes Due Feb., 1922
We have information
of interest which we
shall be glad to submit
on request.
Garstairs & Co.
Investment Securities
Mpwnbem rhlladrlnliln find
New l'ork block iicuaucen
1119 Walnut Street
Philadelphia
71 Rrn.idwav. N. Y,
4000
13000
11000
7000
37000
11000
aoon
1000
sooo
1000
eooo
80000
soooo
oooo
2000
6000
J5000
1000
11000
100000
10000
5000
ioooo
1000
2000
11000
2000
6000
20000
B8000
000
OS
OS
OH
OS
OS
OR
tis t
08 1
08
08
OH
00
08
08 1
08
08
08
08 1
OH
08
08
08
08
OS
08
08
. 1)8
. 08
, 08
08
08
European Internal
Loans
FRENCH
BRITISH
BELGIAN
nnd other Jorelgn Government
Bonds can bo pa-chased at pres
ent market prlcca with compara
tively small Bums of money.
Biddle & Henry
104 South Fifth Street
Philadelphia
LIBERTY BONDS
All Issues
Bought and Sold
$50 $100 $500 $1000
Graham, Parsons 3c Co.
435 Chestnut Street
Philadelphia
Kmplre Guh ft I'url fl, 1030
Public Senlcn Corp. 7. 102'!
Tnne Tower fi. 1083
Wnt IVnn Sa, 11)00
HENRY D. BOEHNINQ & CO.
STOCK KXC1IANUK ULH.1J1NO
Dlreet I'rlTnta Telephone lo New fork
Membrrii 1'Ullit. Stok Eicbaoc
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
10IB REAL KSTVTK TRUST III DO.
Invmll.Mo und mlJuM nartnerahlp and
eorporatlon arrountK. Also prepare C. S,
Income Tax Iletiirnn.
Foreign Trade
Unlimited opportunities exist for men
and women who thoroughly under
tiUmd overseas business.
The fields of manufacturing", banking,
idilriplnK and telling require men with
knowledge of modern methods of deal.
Ing; with business men of foreign lands.
A new class In Forolgn TratV will com
mence Thursday. March 1 1, at 8 o'clock
Practical up-to-date Instruction by men
of high 8tandlnff In exporting,
ITull particulars on request. A few
free scholarships for Plscharffcd Serv
ice,. Men.
YMCA
4'.i- IJ! 11 Arth Street
',? 'Li
"Viei'
Argetlne Repub 6s
looo 11
Armour & Co 1st 4s
2000 .... 83
Armour & Co 4V4s
1000 82
oono . . 82
looo .. . 8214
11000 .... 82
4000 .... 82
All Coast Lino a
2000 .... 70
10000 .... 1W
At'a Knox & Cln 4a
6000 .... 07
Atch T & S Te 4 s
1000 .... 16U
2000 .... 70
1000 .... 10
Baltimore & Ohio cv
8000 03
3000 .... U'.4
Baltimore & O 3 Ho
2000 .... 82
2000 H2
Baltimore & Ohio 4s
1000 .... 3
I 4000 .... 63V4
Baltimore & Ohio Cs
I 1000 .... "Vi
Baltimore & Ohio Os
! jooo .... 81
3000 .... 84
S000 .... 81
30110 .... 84
oono .... 84
31)00 .... HI
23001) ... 84
2000 81
1000 83Ti
Bait & Ohio 6s '36
1000 .... 84 M,
Brad'n Cop SI Co 6n
2000 .... 80Ta
Brad'n Cop M Co Os
mono .... 02
Kiooo ... 03
Cttl Gas & E Co o3
1000 . . 845i
Cent of licorgla Od
tono . no
3000 . . . 01
Central Pacini' 1st
1000 .... 72
1000 71
1000 72
ChfS & Ohio cv 4VjS
1000 .... 7ft
1000 .... 7S
ftOOO 75
1000 .... 74,
I 12000 71
I Chcs & Ohio ov Bs
! 1000 78
I 3000 . . . "0
Chi & Alton 3,,s
1000 ... 31
Chi 11 & Qulnev 4s
7000 01
oono ot
2000 . . 01
1000 .. l)
IOOOO . 03Va
Chi M L St Paul 4s
looo .... no
6000 ... 00 Vi
Chi M 4 St P P 4s
3000 .... 01
1000 .... 01U
Chi su!.tp 4s :&
1000 .... 78
C M & St P cv 4 Vis
1000 .... 71i
OOOO .... 71H
1000 .... 72
1000 .. 71T.
CM & tft P fd 4Vil
3000 .... apv;
eooo .... ao
KDOO .... COK
8000 ,,.. SOU
oooo
eooo .... 00
nooo oo
Chi St P M & O 5s
1000 .... 83Vi
Chi n I & Pac fd
2000 .... 65H
3000 nju
2000 . . . 03
3000 05 Vi
1000 .... 6iM
3000 .... 03
iooo .... osn
1000 .... (J5Vt
1000 .... 03 U
7000 .... 63
Chi n I &' Pae 4s
1000 .... 72
Chile Copper Co 6s
10000 .... 78H
15000 .... 78lfc
Chllo Copper Co 7s
1000 ....100
City of Bordeaux 6s
1000 .... 80Vt
City of Lyons B Gs
1000 .... 80 U
4000 8014
City of MarcelU'a 6s
1000 .... 89 Vi
Cof N Y 4Visof 60
1000 .... OOVi
City of Paris B 6s
4000 .... 00V4
nooo .... oo
1000 .... Mli
0000 .... 00 Vi
CCCBtlitmU
2000 .... OS
Colo Indust Co 5s
2000 .... 72
Colo & Southern 4o
2000 .... 81
Colo & Southern 4V4
4000 .... 70U
Consol'd Gas Co 7s
2000
2000
1000
1000
2000
11000
1000
..100
,.ioo
..ion
..100
..100
.100
.100
..i ou
.1 200O uu P14
SiW. "trrt'f',-f..:a- b rtjLv : i r -."
i4,-vi:..i,'r i i hi I i r onuMMfcjj . n
Den & TUo Grand 4s
0000 . . . 02 Vi
Dom of Can 6ti '21
8000 . . 7
Dom of Can 5'is'2t
2009 ... 07
Dom of Canada '23
2000 ... 03Vi
Erie U It Gen'l Lien
6000 .... 44Va
Erie B II Cv B
1000 .... 30
Erie R It cv 4s
looo .... fi.Vj
1000 . . 83Vt
Georgia Car & N 5s
1000 . 80
Hocking Valley 4H
iooo 70V4
Hudson & Man fd
6000 67
IOOO. .... 67
HudSoii & Man In
isooh"-.... 18
Illinois Steel Co 4Vi
iooo 80
Imp Jap Govt 1st
2000
iooo
.-id no
2 on i)
3000
3000
3000
3000
ioooo
ioooo
2000O
2000O
18000
8000
2000
4000
30000
1000
3000
11)000
2000
Imp Jnp Uovt 2iui
72!i
'729
73
721i
72
73
7a-n
72
72
72
72"i
73
73
73
72
731i
73Vi
73
73
13
2000
6000
noon
3000
7000
4000
3000
10000
2001)
6000
4000
IH.
71
72
71
71
71
72
71
71
71
71
Imp Jap Govt 4.'i
1000 .... 88
11)00 . . 68
Interboro Met 4 4a
iooo .... 18
1000 18
6000 . 18
16000 181,i
24000 .... 18
30000 18
Interboro Rap T fd
3000 .... 63
7000 83
1000 .... 03
1000 03
10000 .... 83V
1400O .... S3
10000 .... 03
Inlernafl M M os
10000 .... vt
3000 .... 01
2000 .... 00
Kair City & S Ry 5s
IOOO .... 70
8000 .... 70
IOOO , ... 0
1QQ0 i... 10
KsstClty Ter By 4
10 .,. 70
K,r
2000 .... 70
4000 .... 70
1000 .... 70
Liggett & Myers 6s
300U .... 88
LoutR'o 4 X i: H 4s
2000 .... 81
3000 .... 81
L&NRR&SRy
Monon 4a
iooo . .. 83
Lehigh Vai R Co 8s
8000 ....100
Mid Keel & Ord 6s
6000 .... 83
3000 .... 83
2000 .... 83
4000 .... 83
1000 .... 83
Missouri Pao gm 4a
1000 .... 86
1000 .... 66
1000 .... 66U.
Missouri Pacific 6a
IOOOO .... 00
Montana Pow Co Es
7000 .... 84
N T Air Brk Co 6a
iooo .... 07
NY C & H R R 3
1000 .... 86
1000 .... 63
N Y C &. II R RR
3 Vis rcg
IOOO .... 63
NYC & H R R en 4i
1000 .... 08
N Y C & II It R 6s
1000 .... 03
1000 .... 02
8000 .... 02
1000 .... 02
NYL4W RR 6s
0000 .... 00
XYLII4P Co Es
2000 .... ti
NY Telephones 4V4
3000 .... 78
3000 .... 78
2000 . . . 78
27000 . . . 78
12000 .. . 78
13000 .... 78
N Y WC i B 4V4B
1000 .... 41
Now Orleans Texas
& Mcx Rly 4s
1000 61 Vi
2000 .... 61
2000 .... 01
Norf & So RR Co Es
1000 78
Norf & Western 4s
3000 .... 76
Norf & 'West cv 6s
1000 ....100
1000 ....101
Northern Pacific 3s
1000 .... 64 Vi
Northern Pacific 4s
3000 .... 74
8000 .... 74
8000 71
1000 74
Oregon & Cal RR 5s
6000 .... 01
Oregon Short L Sa
JOOO .... 03
Oregon Short I. Co
tooo no
iooo .... oo
eooo . . .00
Pac Gas & Klcc us
1000 76
Pacflc R R of Mo 4s
3000 70
Pennn, RR en 4 Vs"
2000 .... 01
Perm R R em 4 4s
2000 .... 81
3000 .... 81
Ptnnu R It Co 5s
1000 .... 88
2000 88
Pero Marquette 4s
1000 60
Pere Marquette Es
2000 .... H.1
2000 ... 8.
1000 .... 86
P S Corp of N J Gs
iooo . , . 02
R I Aril & L 4Hs
tono . . 6o
moo .... oi
6001) .... 61Vi
8000 .... 60
3000 60
Seaboard Air L aj
iooo .... 30
6000 30
1000 80
2000 38
16000 .... 38
IOOO 38
Southern Paeiflo fd
1000 . .71
0000 . ..74
200O 74
Southern Paclflo 4s
1000 .... 08
Southern Pao cv 4s
eooo .... ?8
6000 .... 78
1000 .... 78
1000 .... 70
Southern Pac cv 6s
3000 .... 78
2000 ....100
14000 ....101
2000 ....101
Southern Rail's 4s
6000 .... 67
IOOO .... 67
South IUIIwy Si 4a
1000 .... 66
Southern Rail's Ss
iooo .... 84
1000 .... 84
2000 .... 84
2000 .... 84
1000 .... 84
St L fc San Fran aj
6000 .... 62
2000 .... 02
8000 .... 03
S L & San Fran In
2000 .... 47
1000 .... 47
1000 .... 47
3000 .... 47
20000 .... 47
300O .... 47
St L & b'an Fran A
S00O .... 87
2000 .... 67
OOOO 87
1000 .... 67
2000 .... 67
8000 87
1000 68
1000 .... 88
St L & San Fran C
IOOO .... 86
1000 .... 86
St L & S West'n 1st
1000 62
3000 .... 02
Term C & I Co 5s
1000 .... 88
Texas Co 6s
iooo ....mo
Union Pacific RR fd
1000 .... 72 Va
1000 72
Union Pacific P. 4s
3000 82
3001) 81
2000 . 82
Union Pacific RR 6a
2000 . . 100
400U . . . 100
St L I Mt & S It 4s
1000 73
U IC of G U & I '21
2000 . .
2000
1000 . .
flflOO
3000
40(10 ....
3000 ....
U K of G
rets of '22
4000
noon ....
2000 . . .
iooo ...
U K of O
run of '29
iooo ....
4000 . . .
innn
liioii ....
muo ....
i nmi ...
looo
06
03
86
03
06 Vi
05
08
B &
02
03
03
03
B &
00
00
00
00
00
00
00
NEW YORK STOCK EXCHANGEE TRANSACTIONS
Dlv.
Bales in J
100 .,
0 ..
1300 . .
100
400
240
3000
200
3309
100
100
1300
100
200
100
300
3300
1800
4000
100
3400
1400
; too
800
100
200
800
ooo
3400
7600
loo
800
500
100
COO
700
200
300
200
100
21600 3.30
U K of Q B & I '37
Anno
iooo
iooo
nnoo
tanno
2101)0
3001)
86
86
85
85
83
83
88
U s Real tc Imp Ea
IOOO 78fc
201)11 !I7
ioooo . . 7
looo . . 07
101)01) ... 71
U S Rubber Co Es
looo .... 83
U S .Steal Co Es
liiilil
nooo
iooo
mnn
200U
oooo
2000
1
07
07
01 Vi
07 Vi
07
06
Vlr Car & Chem lBt
iooo .. . 01
Virginia Rullw's Es
looo .... 82
West Klectrlo Co Es
100O .... 04
Wllnoln Co cv
3000
1000
01
01
1800
20(0
100
6C0
100
3700
100
COO
200
600
1700
300
1200
200
300
300
1200
100
1000
100
100
200
1030
700
100
200
189S0
200
390
000
300 1.60
Itlth
Adama lirtrets 31 .
Advance Rumsly 38
Allls-Chalmera tft ft
Am Agrla Chem BOH
Am Beet Sugar 80 ti
Am Bosch Magneto ..lllli
Am Can 43f
Am Can pf .. COM
Am Car Fdy 131HI
Am Car & Fdy nf . . . .HIM
Am Cotton Oil 43
80 Am Drug Byn cash .. Mft
Am Express ........ 1M!4
I Am Illdo & Lentli nf.. S7
Am Hide & Leather.. 20
Am Ice pt CO
Am Internat Corp ... 83
Am Linseed 78M
Am Locomotive , 3J4
Am Locomotive pf ...108
Am Ship & Commerce 2JH
Am Smelt A Ref .... 01
Am Smelt & Ref pf . . . 94
Am Steel Foundries' .. 14
Am Steel Fdrlea nf. . BO
7" Am Sugar Kef 1J4
10 Am Sumatra Tob .... 80
8 Am Tel & Tel 88
8 Am Tob Sco temp ctfs 88
1 Ant Woolen ....... ..117
Am Writing Papar pf 43
4 Anaconda Copper .... MM
asso Dry Goods 48 !4
AtchT&S F MX
Atch Top & S F pf . . 78
Atlantic Coast Lino .. 88
Atl Gulf & W I S S..140
Atl Gulf & W I S S pf 03
Atl Refining 7 fd.,113
Auto galea C tern ctfs 14
Baldwin Locomotive. .100
Baldwin Loco jif ....100
Baltimore & Ohio.... 36
Baltlmoro & Ohio pf.. 47V4
Barrett URVJ
Bethlehem Motors ... 21(4
Bethlehem Steel B .. 8
Bethlehem Stl 8 pf. .Ill
Booth Fisheries 10 H
Butte Copper & Zinc. . OH
Butto & Superior Cop. 23
Caddo Central O & R. 23
California Paclclnr .. 78
California Petroleum. 37
California Petrol pf .. 70)4
Calumet & Arizona .. 02 i
Canadian Paclflo ....1104
Central Leather ...',. DH
Cerro do Pasco Cop ..4614
Chandler Motors ....124M
Chesapcako & Ohio . , 0
8
8
10
7
12
7
SO
n
s
6
7
i
7
3
7
1:80 Nat
Clo Ch.
31 Hi
3814,- Vi
40ft -f IH
88J4 14
80 14
111 3'4
43V4 1
88W
13094 1314 4- 1M
Low
31
38
38
80
78
111
'i
7
4
10
6
4
8
4
100
400
1900
400
100
100
7200
2000
1100
100
100
' "COO
20)0
100
400
.6000
100
600
680'
600
1100
800
200
100
400
1000
8300
100
2200
700
100
000
500
100
600
200
100
103
100
COO
700
300
100
22J0
8330
6300
100 3
1300
200
400
1000
700
' 600 1
Chicago & Or Western 10
Chi Gt Western pf .,26
Chi Mil & St Paul .. 388
Chi Mil & St Paul pt. 87V4
Chi & Northwestern . 86
Chi Pneumatic Tool . 81 J4
Chi Itock Isl & Pao ..384
Chi R I A Pac C 'pf. 66
Chi R I & Pao 7 pf. 76
Chile Copper 16
Chlno Copper 32
Colorado Fuel & Iron. 38
Columb Gas & El co .. 6014
Col Graphophone .... 42 Vt
Consolidated Gas, .... 8114
Con Interstate Col M . 10
Consolidated Textile . 26
Corn Products Ref. . . 83
Crucible Steel 1T8
Cuba Cane Sugar .... 4214
Cuba Cnno Sugar pf.. 80
Del Lack & Western .17ZH
Denver & Rio Grande. 7
Denver Ss Rio G pf . . 16
Domo Mines 12
Elk Horn Coal a
L'ndlcott-Johnson .... 108
Endlcott-Johnson pf .101
Erie 1414
Erie 1st pf 23J4
Erie 2d pf 17
Famous Playera-L ... 73
Famous Players rts . . b8 Yi
Flsk Rubber 36
ITceport Texas 33
Gaston Wms & Wig . . 14
General Cigar C4J4
General Motors 240
Gen Motors deb 7 .. 8BJJ
Goodrich B F CSJ4
Great Northern pf . . 77
Grccnc-Can&nca. Cop . 32 Ji
Gulf States Steel 62)4
Gt Northern Oro ctfs. 37H
Hurtinnn Corp 87
Haskell & Barker Car. 9
Hendee ctfs 30
Hupp Motor Car .... 13J4
Int Agrlcul Corp .... 17
Int Agrlcul Corp pf .. 7014
Inspiration Con Cop . . 52J4
Interboro Con Corp. t 4
Inter Con Corp pf ... 13
Int Harvester 11814
International Paptr .. 7G),4
hit Mtr Marino ?SVi
Int Mer Marine pf . . . H
Int Mot Tr Ht pf ... 72
International Nickel . 21
Iron ProduciB Corp .. 40
Jewel Tei 18
Kanaao City Southern. 17
Kennecott Copper .... 2S
Keystono Tire & Rub. 31
112H 113H-f- '
43 42 3
13 1314 Ji
100 10014 H
9JJ4 7 2
, 20 20H M
0 60
91 S3 3
78 70 1M
34 8354 IH
ioe 100 14
20 32V4 BK
C0 011
94 94)4 !'
41 41 JJ
00 00 - )'
123)4 123 - 14
S3 86 3)4
97 M OS Vi
86)4 C8H 3V4
116 117)4 2M
43 431
68 86 Va
47 48 t'A
82 S2- V4
70 76- H
87 88 V4
142 149 VA
63 - 6.1
111 113 1
14 14, W
108 109 J4 VA
100 100
3K 36 J4
7 47)4- !4
113)4 118 4
31 21 14
86 8H l?i
lit 111
10)4 10)4- Vi
0V4 0 ..
26 25 )4
22 33J4 . .
? 76
?,&H 37 - IH
60 70)4 2)4
83 82 2)4
118 119
78 79 IH
46 48)4- !4
123 124M 2)4
36 60,
10 10 J4
25V4 26
37 38K 1)4
? M 1
HO 861
81 V4 81 1)4
38 38)4 2
64 65 1
74 75
16 16H Vi
32 H 32 )i
38 38
56 50(4 1
41)4 42 1
81 81 J4
18 19- )i
20 261
81)4 83 1)4
1054 108 3
41 42 Vt
80 80
172J4 172JJ 2?4
7Vi 7)4 a
ti)i 15 Vt
12 13
2194 231
104 108 3?4
101 101
14 14)4 H
23 23)4 3,
10)4 17 ..
72 731
87)4 88V4 )4
36 30H
2814 23 ..
13 14 H
04 64 - )4
243)4 312V4 3
85J4 85 1)4
07 C8J4 1
77 77
32U 32 -
59)4 62 2
37 37 M
87 87
8 58)4
30 30
13 13 H
17 17
70 70 Vi
51 32J4 I
3 4
13 13 - l4
llRVa 118)4 1 1)4
74 10 2)i
i3'j ?5)i 3
?on ,s!f in
72 72 - 3
10 '4 20U-
39M 40 '-'- )J
13)4 15 J4 - i,
17 17 )4
28 ?4 28)4-
31 31)4 H
Dlv.
Int
ew
290
2309 0
30 ..
M0 3.10
900 2
100 ..
100 7
100 4
200 7
100
'0000
100
8190 1.20
090 4
490 ..
300 7
2000 .,
1600 ..
400 ..
400 4
100 3.50
1200 ..
100 7
1009 ..
100 C
100 8
100
COO
200 2.50
8000
100
100
100
200
100
3000
100
600
490
100
100
300
4200
900
100
2000
290
2200
2100
5000
3300
100
100
300
100
100
400
100
400
500
200
100
7000
900
200
6 00
300
7000
300
2000
300
100
100
100
100
600
5400
34500
5100
4700
200
1400
1340')
100
300
100
too
6600
1100
200
3400
2O70O
600
2800
90(1
300
0200
1300
600 400
100
3100
100
7200
100
11200
700
400
1400
1800
1030
100
700
2490
100
400
400
1000
800
100
63i)
600
2300
100
2'.'il0
290
Kelsev Wheel
Lackawanna Steel ... 79
LM Rubber & Tire . . 31H
Lehigh Valley
Loowe Co
.. Loooe-Wlloa Biscuit ..
7 Louisville ft Nash ..J4
4 Mackay Cos pf
7 Manhattan Elev guar. 40
.. Math Alkali
19 Mexican Potroleum 1"J
3 Miami Copper ??.,
Middle States Corp ..
Mldvale Steel & Ord. 45
Minn & St L new .. J
Minn St P& 3 St .M.. 73
Missouri Kan 4 Tox . .
Missouri Paclflo
Missouri Paclflo pf . 40
Mulllna Body '
National Acme '
Nat Aniline & Chem ..
Nat Anlllno & Ch pf . .i
Nat Conduit & Cable
Nat Enam & Stamp.. 71
National Lead ' J
New Or Tex & Mex .. JS
New York Central .. 71 !4
Now York Dock 33
New York N II & H. 33
Now York Ont & W.. 20
Norfolk & Western .. 84
Norfolk & Southern.. 11
Northern Paclflo 78
Nova Scotia S&C ... 83
Ohio Cities Gas 14
Ontario Silver Mining 7
Otis Steel 39V4
Okla. Prod & Ref ....
Pacific Development .. 68
Pacific Gas & Elec. . . . 49
Paclflo Tel & Tel ....
Pan-Amer Potrol .... 86
High l.o"
GS
880,
30 tf
41
2H
CO
103
63
46
29
171N
22
.50
Pin.Antr (til 80
.. Parish & Bingham ... 39
3 Pennsylvania R P. . . . 42
.. Penn Seaboard Steel.. 23
.. Pere Marquette 29
3 Philadelphia Co .... 37
.. Piercc-Arrow Motor.. 64)5
.. Pierce OH 18
8 Pierce Oil pf 83
4 Pitt CC&StL 65
5 Pittsburgh Coal of Pa. 13 i
6 Pittsburgh Coal pf .. 89H
7 Pittsburgh Steel pf .. 89
. . Pittsburgh & W Va . . 31
1 Pond Creek Coal .... 10
8 Pre.sed Stoel Car .... 03
8 Pullman U4
Punto Alegro Sugar .. 77
1 Ray Consolidated Cop 17 H
6 Republia Iron & Steel. 8S
4 Reading J "5)4
.. Replogle Steel 39
. . Repub Jtotor Truck . . 40
.. Uemlnpion Typewrit.. 72
. . Royal Dutch NY.. . .100H
.. Saxon Motor 15)4
.. s L San Frnncinco ..21
.. St L San Fran pf ....'33
1 St. Joseph Lead 1?4
.. Seaboard Air Line ... 8
.. Seaboard Air Lino pf- 18
7 Scars-Roebuck pf ....116
6 Sloss Shcff S & I .... 69
.71 Shell Trans Trading .. 80
.. Sinclair Consol Oil... 40
C Southern Paclflo 98(4
.. Southern Railway ... 24
5 Southern Railway pt. 59
4 Strombcrg Carb 00
7 Studebaker 85)4
7 Studebaker pt 100
0 Stutz Motor 116
3 Superior Steel 44
.. Tenn Cop & Chem .. 10
10 Texas Co . . . 182
. . Texas & Pacific 30
.. Third Avcuuo 12(4
0 Tobacco Products ... 64
.. Transcontinental Oil . 25)4
a Transuo & Wms Steel. 7
.. Union Oil 32H
10 Union Paclflo ...118
4 Union Paclflo pf C6
3 United Retail Stores . C9
3 U S Food Products .. 60
12 United Fruit 186
.. United Ry Invest .... 10
. United Rv Invest pf . . I3J
8 U S Ind Alcohol .... 81
7 U S Ind Alcohol pf . . 88
8 U S Rubber 07
8 U S Rubber 1st pf .. 112
U S Steel 9894
7 U S Steel pf Ill
0 Utah Copper 71
Vanadium Corp 48 Va
4 Va-Carollna Chom .. 60H
8 Va-Car Chem pf 10C J4
6 Va Iron Coal & Coke. 81
.. Wabash 8
.. Wubash pf 28
. . Wabash pf B 19
. Wells Fargo Up .... 53
4 Westlnghouse K & M. 60
.. Western Paclflo 23
.. Western Maryland .. II
7 Wesfcrn Union Tel .. 85
. . Wheeling S. L Erlo ... 13
4 White Motor 51
1 Wlllys-0crlanu 24.
8 Woolworth F W 122
.. Wotthlngton Pump .. 77
.. Worth Pump pf B ..73
31 H
17H
'ill
VA
42
36
66
85
71
77
45
71
33
32(4
29
94
14
78
3
43
7
28
14
6S
49
43
5
80
39
42 H
23
28M
36
1334
18
S3
65
54
83 ?4
89
37
19
82
11334
77
17
87
74
20
35
71
os4
15
22
33
1534
N
W
110
08
76?4
39
94
23 Ji
K
Si
3
100
1UJ4
44
10
170
35
13
02
24
50
32
il8
66
07
69
186
034
23 !4
78 4
U8
03(
113
05
110M
09
48
C434
t :S0 Net
Ctoi Ch
CO ' .
(9
31H IH
45
37
601
198
3 .
4CV4 J
29 1
17 4V4
33 y
33 X
46
18
73
8J4
29
40
41
3034
6
8S
9
71
77
45 ..
7t V
33
32-
20 V4
81 1
14
78-3-13
7
2834
68
49
43
85
80
1
H
ail
i
l
39 1
4H
23 -
28
36
3334
18
93
06
4
80
89
37
19
92 134
1133i ..
77 1
17-
87H ..
74-
30 4
35 -
54
94
71)4
9834
15
1594
8-
18 1
116
09 1
79 3
40 1
06
24
-
69(5 3
863
100 1
116 1
41
10 -
181(5 2
3694 1)4.
13 . .
02 -
25 IH
57
3234 34
11894-
60-
6094 2
60 IH
M6 4
10 Vi
22J4 194
81 234
9834 -
7 2
112
90H 1
110 ..
71 1
48
CO 2a
106 100-
81
0
27
10
82
50
2
1094
85
12
M
2334
12234
75
73
813
0-
28
1DV4- I
5 3
30 3
25 H 3
11 4 V
f5 V.
8
24
1234 4-
77J4 3
I
SAME NARROW, MEANINGlM
TRADING IN LOCAL STOCKl
Thinness of Market Reflected: in 'WidcVhictiauom
Inactive Shares on limited Offerings1-:
ii
Narrow und listless trailing ranfYed
tho early mo.vcm.cnts of, tho lo$al mar
ket. Tho transactions wcro about Oio
smallest witnessed on the local exchange
for many -'eeka, tho bulk being nindc up
of Btnall odd lot orders.
Tho continued thinness of the market
on cither the buylne or KelJIng side whs
strikingly cxccupiiiicu in .1. u. irui
stock, which on the offering of five
shares dropped ?2 to -12. Tho lack of
sustaining buying power wn nt the
samo tlmo reflected Jn th6 shudlug of
tho price nf United Ons Improvement
stock to 40 Vi on renewed liquidation.
Pennsylvania Hallroad was nnother lu-
Vft
slAnre with a decfinV of V, of . . 1
to 42VJ. ' ' ' " fob
'lUc-tftfniftff irt'nii olnw pari. ....
list was of the .flama dcsultorv 0I1....J!
without material "price riinngf.
ther small offerings V 'mL.F?
Comnany . ciiiriulatiV r..i"V,1P
made nt 334. ,Lakr,' Superior rn
ntloh wns- held nt 17i.fr. .Vm.,S.
Tononnh llelmont were nMnri,.i Lvl
There was .nothing Vthc ow,il
developments or morn be 4iews i'a
flclcnt local Influence to Wtl." ,21
from thft nnnthrH -., u., "'' .mi
hns drifted ; to the contrary nit il
e jnuuem;rs: tend 'to' Intenolf, I
iltlon to extend 'o make ,
trlbutlh
IndUnoi
commitments.
COTTON TRADE BRISK
AT 25-POINT ADVANCE
Increase of Speculative Buying
In March and May Wall
Street Purchases
GO,VEriNMfcfh- bOND8
Panama coupcri En, 103(1
COTTON' HBI.T WEATHER CONDITION'3
New York. March 4. -The roUcnylng tern
Pfratures wero T'l-onl'd In tlio cotton belt
thla monilni: Oklahoma City. 18: Abi
lene nntl Little Tlork 28s KnoxvllK 40;
Han Antenln ami (lalicaton, 42: Atlanta.
44: Memnhla Macon ami Chatlnnooita,
46: Corpus Chrlntl. Monlnomery nnil Au
euata, 48: Meridian. Nashville. Thorana
Mile und Savannali 30j Charlfjlnn. Ml
Vlckbur(r. 61; Tampa, r.0: Jnckaonvll e,
r.R; TenMCola 110, and New Or eana, 1.4.
Tliero waa .08 Incli or precipitation at
Penaacoln. .Ill at Chattanooito, .18 at
Montr-ornery. .2R t, M"l""; i1". Rt
Vlekabura. .40 at Clalvratbn. .02 nt New
Orlean. .08 at Memphis, and 1.02 at
Little Hock. . ,
New York, Mnrch 4. The cotton
market opened today nt 8 to 25 points
advance. Several largo amounts chang
ed bnndi on the opening call, nnrt
throughout the first twenty minutes
business was of heavy volume.
Tho principal feature was a decided
increase of speculative buying In March
und May, ou tho Idea that these posi
tions would corner themselves.
In addition there wns nctlvc Wall
street, Liverpool and commission Iiouhc
liuylug, which promoted further ud
vunccs, nctlve positions Working 2.1
points above Inst night's close.
TrevlouB 11
May ..,
July . .
octoocr
Close
.111.80
30.10
Open
nn.nii
II III
:m.iT
.in 111
30. 'J
1:30
t.m
an. is
i3.3
311.06
Alfa
nil
mi
1!
!!
il
nid
1M
Panama reirlaterad 2. 1080., . inr,
Panama coupon Ss, 103B inn
Panama, reautcrej 'Ji. 1038. , ioii
Fanamnj'coupan 8. 1061 (.
Panama reirlatered Da, 1081,,, aa
Philippine 4a, 11)34. ,.'..'. , -m
Philippine, 4b. 103n. ....... Vi'Mo
Phlllpplno 40. 10311... ... ,, '(,(
i Ft unvr miiiiin "i iuia !..,
H H 'krtt reletered'3.. l6ao! inni? !!!
It H OavI rnimnn J.. 1nr. . .U. 9
V H Oot rcBlitered 4a, 1028'.. inn .',
Ulkt. at Columbia a.CSi. 1021. nr '
:.. ' ' -ir
Gold Withdrawn for South AmerCJ
Now York i March -1. Fou'rtctn nil
Hon five Jiumlrcd thousand .doll.,.. !1
KOld coin 1ms been withdrawn 7a .u3
meut to rlotith America, .More Is i9
pected to bo taken by this Btcamer, 1
..w' ''
unn ouvcn
Uar silver was quoted in London
nay ai e-iu, up yui
Scrviqt and Stability
Liverpool Cotton
Liverpool. March 4. There wiw tin ,
improved refiuest for spot cotton today.
with prices firm ou the basis of nn nil- '
vnnce of .17 'polt)ts for mlddlln.'; nt I
SO.r."!d. The foIoh were (WOO bales. The '
receipts wcro 25.000 bales, lurludinft
24,ri(10 bales American. Futures wercj
firm in the early de.i'liiRs. Snot prices
ero: Americau. miildllue fair. .TLiVmI:
ennd mlddline. lU.rifid: fully midillliisr.
.10.5511 : mlddllnp. 20.R3d ; low nililillltiB.
20.25d; cood ordinary, 2.'.05d, ami or
dinary. 22.05d.
RAILROAD EARNINGS
CANADIAN PACIl'R'
IDiO Illl'-l'llM.
Pourlh veek Feb.... si 4 ...(ion scii iinn
From January 1.. . Sil.N77.O0i1 n.UOS.OOO
"The Friendly
Road"
U what ono of our depos
itor calls the corridor
leading to our offices.
The latch string always
hangs out If you have a
proposition , to submit,
you have direct' access
to our officers, and arc
assured of u prompt and
decisive answer.
We particularly Holicit
business accounts and
offer all accommodations
consistent with conserva
tive banking principles.
Integrity
Trust. Company
lourlli and Green Streets
Capital $500,000 1
Surplus & Profit. . .$ 1,660, 000
li
t?4
H
LIGHT OFFERS INDUCE
FIRMNESS IN CORN PIT
,. . Hllh l.or
Lib nond .IVis... 05. .1 4 05.BO
Lib Bond 1st -1h.. 00.1(1 00.10
Lib nond 2d -Is.. 80.01) S0.70
Lib Bond Jut !' 01.10 01.011
Lib Ilond 2d 4iH 00.00 80,02
Lib liond .1(1 -l'is 02.42 l2.nt
Lib Ilond 4th Win 00.20 00.02
Victory Notu u 07.10 07.114
Ictory Note 4''j 07.40 07.30
11:16
n. m.
o.i.r.0
Improved Demand for Rye for
Export Has Sustaining Influ
ence Oats Trade Small
ar.AiN nm.T wijathkr ronnrAST
" Chlearii. Mari'li (For Itllno Tt''i.
turning tn annw (his nfteinonn: fair Frl
(I'll r"M nut-. For Mie(iurl. Mlpneitn.
Inn. i Vortli an.1 Snuth Dilcm. Nfbrnrhu.
KnnviiN Fidr tnnlirht hH'I Friday: cnlijer.
W lr..njln--Snow thlj. afternoon anil to
nltrhi colder Frl,la Mftnuinn Mostly
clouch tonight nn l"rMi 'urrn'r. 'Wioni.
Ins cjenerully fair toi.lcht nnd Friday!
wnriner.
Chicago. March 4. The rom market
started firmer this mornlne with offer
incs lleht. The local crowd showed n
disposition to follow purchasing orders.
There was srnttered sellinc on the rise,
A further udvnnre in rve. due to nn
Increased demand fnr cxnort. hnd n
fuiMiiinlni; influeiu'c. in. did micortnint
about the movement of corn.
The leceipts here today were IIS
car.
Mnv opened nt SI 4(H... to $I.4()h.
nnil Inter sold at n net gain nf Vie, nt
S1.40T;. July htnrteil tit M to
Sl.llVj rind later went tn Sl..'14'.
September wits iiuoted at SI, .11 nt .the
outs"t, compared uith $1.30 at the
end yesterday.
Onts opened firmer in simpnthy with
corn, and offeriiiRs were limited. Trade
wns Miinll.
Tho receipts here today were 48 can.
May started nt Ue to S2Mc nnd
Inter hold nt Wlc. July wns quoted lit
70c In 70ViC ut the outset nnd moved
up tn 700.
The receipts nf wheat here today were
13 curs: nt Minneapolis. 74 onrs; nt
Diiluth, 10 enrs, nud ut Wlunlpex, 103
enrs.
T.eidlrc utureii rnnsed an follows;
Corn 'new itellwrv) Yet.
Open HIkIi i,ow 12:30 rlono
May t 40U, t IS'. 1 in1,; 1.4t'i 1.0K
July. ... 1 SIS 13H' 1..11S l.3M .W
DIVIDENDS DECLARED
Ulectrlo Storjee Uattry Co.. qunrtcrly "'i
par cent on preiefred und common, payftle
Aiirll l. (o stock of record March IB.
Columbia Graphophone Manufacturing Co.,
ou.irterly of twenty-five, cents In cauli and
one-twentleth of a hare In common, tock
on common stock and quarterly of IH pr
cent on preferred, all pajab'.e April 1 to
otorK of rK'Ord March 15
Fulrbanki, More Co., Ayartrrly of $1 13
on new common, payable. March DO to atirck
of record March in,
American Hawaiian Htcanmhlp Co.. quar
terly K payable April 1 lo Moil! of record
March 22.
Liberty Motora Co, u dlidend of 24 pjr
cent on common und guartirly J per cent
on pieferred. imyable April 1 to atotk uf
record March 20
(lent ral UU'Ctrlc Co , nuarterlv W paable
April IT, to itoclt of record Mi.rUi 20.
HucjruH Co uurrterl.'- I1. ici cont on
inferred, 1 nor tent on Hico'int of nceu-
mulated (IhlderidH, ";hlch nmoiint to 201,
per tent payable April 1 lu a'.oik of i.rord
March 20.
American Hieel Foundrlre duarlerly of 73
cent on common und 1'i per cent on preferred.
BANK CLEARINGS
Flunk "Wrings today compared vita tno
(orreepondlnr day laet tun oara:
IH20 1010 1018
Fhiia .. .iL2ns,ii3 sno.nta.2so jsn Hfia 0'io
Doalon .. 01.2r,0.71!l 51.007.171 3S 713.012
Reserve Banks' Discount Rates
The llr-t column kUch rnten fnr ull
periods up to nml llli'liulilit; u llfteci)
lnj ninttirllv, the i.ecnu.l for u period of
Kivteen tn ninety days. The third ami
fourth column cie the rules for dU
counts for collntenil loans hceurcd by
Kuvcrnineni Uoikih fir notes.
Coni'l paper
in to no
Philadelphia Stocks
low
44.
02
iiS
42
FJ
IIlKh
7fi Am Strs. M
87 Am (3ns. 02
7 Am It pf OS
0 llrlll J G 42
r, llrlll j G 42
05 Kl Stnr..l12Vj 112
;h i t; . a
war ... 8
1." T.l: H Cor T7V6
"lOMineliill. 40
207 l'u It II. 12'i
H7 I'll I In Co
cum pf. ia'.
.r)8T) I'hll i:iec ZWl
2.T tStuilobkr SI
80 Ton llel. 2
.lOOTonMln. 2i
Not
2 P.m. chue.
02 ..
os :i
42 2
42 2
112V2 1 .
1413 IT OI... 40 40V
100 tU H Ktl 03 Y
T9i
KVh
41)
42'j
.12 V..
24-T,
84
2;;
it.
V.
"N
17JA..
Ill 1
42 Lj
nil
Wi . .
81 1
',N
Pi HV4
5 05
2, 14
nil. l,
05 X
t.N't chante innde In cnrnpnrlaon wltll laat
ale on New York Stock Exchange.
N't
2 p m. (.line.
Vi
Hale In itOVDS
MliOO ULffh Low
i i-jiec ft: t eo
Tr 4h . . . 01 01 01
1 Lehinh Xnv
cons IVjh SO 80 80 . .
1 Leh V sen
Ah 71Vj 71 ( 7l'i..
V2 Mb UondH
2d 4Vx.. S'UIO 80.00 80.00 .10
0-20 4th 4i 811.80 80.80 80.S0 .20
Xnt I'rop
4-0s
R2U
"II
R3
7flH
(Int
.... aiu
.... . . :tar .... r .
Ull.JU July .... Til
cn m Poik
ni'iA May ....33 50 3150 3.13.', 83 80
III . Ill Lard
80.02 Slay ...sj-2;
y ft.t Uuiy -l So
'V: TAKcd
I'u.wn
07.04
07.ao
K2H
Prices Firm on Paris Bourse
I'arls, Mnrch 4. Prices were firm on
the Uourae today. Three per cent rentes
wero quoted nt 00 f roues 2Q centimes;
expntinjw on lAvaon, irouw tu
-times; fj'pcr cent los887frff(,ip.
umtn.; xno uouar waa ,qu.
ixaacs XI CBftUIMa.'
' --.): I
70
33.no
21 13 21 3D 21.41 f2t.40
21 0". 21 85 21.05 21.00
Refined Sugar Market Unchanged
New Yorh, March 4 TIip refined
iniBnr market remainH unchanged with
tho American und the National com
panies quoting 14c, less 2 per cent for
cash, but neither company is expecting
business today. Arbuckle Urns., on
Wednesday, cold Mime sugar nt 10c, less
f HI, Mini fl'I.A T,-A.ln-1 A ,L. II,
Tloston
New York . .
1'hlladelphl.i
Itlchmond . . .
Cleveland . . ,
Atlunta . . . ,
Chlcavo
Nt Loula ..
MlnnearxpllH
Kaneaa Cltv
laya das
il il
(I 11
11 n
il rt
fl it
(1 11
0 II
0 a
n n
ii n
in. SB
fp,
'.IS
-.IA
Rllten on outntandleir rorllncitteH nt in.
(lebtcilr.eiH continue unchaneail at I1; p.r
cent.
Qo't ppt.
1(1 to un
i.i (la)u .la
"on
3V,
3'1
.'pS
314
lUi
3ll
MW 20 20',-
NEW YORK COFFEE MARKET
New York, Mnrch 4. There was n
further ndvuuce in coffee futuren thin
niorninp, Initial i)tintutlons being 10 to
10 poliitH higher. Mny helling nt 14.05,
the best slnrc the drop to 1.1.00 earl'.
Inst mouth.
The undertone was helped bv state
ments thin the markets in Hrnzll ere
film und by uddltlonul Important gains
In sterling exchange. Tho buylug wus
scattered und attributed mostly to rov.
erlug.
Itlght ufter the cull tho list dlsplnjed
Increasing firmness on u heavier demnnd
for r.pot und ou sales of spot In tho
street nt 15Vsc, together with asser
tions thnt uo more wus nvallablo bo.
low IRUe.
low 15 Vic.
Tet.
lCf
'....,. u.
.Today's,
.open
S;ti3
Jin.-.1
11:00
a. m.
IS.'tft
i!?,?
!LLiUtX''1-J.ili&riJi'l
wmmtmm-mmummlvmiim
r mmm.m.w. M.75
----T '- . 1'iik L.vut iiiu r L-uirrui nmi inn wnr .. '. - . ? a .v ai. m.ji
1 1 ifi.s ' - . ' - - t Nnirniiaipi ' m t M.M t .ji c:'.)-i( n
valljllBlW,rlomnamMcoi)rinuo wlthdrawa.- .11V " f ' -v,. r'j.u i:"."-rv. t;',7.vu"'-.
aMmmmm. . ,. .. ...:. . ... . .j ., .,.,,'. ... ., ,,;:, . ". it" r fS'f,
tpiSMrW'Miiijjjjjjjjjjjjjjjj , 1 ', ,. ill li iiilll r - -"..'-i'-.'-v , - '.vii.'suuuMti v.w.t.y i-om- ... . jc. ,v. , kc.t.- i
FOREIGN EXCHANGE
New York, Mnrch 4. The foreign ex.
change market opened slightly better
this morning, the cnrly quutntiou for
eterling being ,1.40Vi for demand uml
1.47 H for cables, or up nbout Vic
Other quotations were:
1'ranc cnblcs 14.10. cheeks 14.12
Uelglan cables 1.1.00, checks 1.1.02: lire
cnbles 18..10. cheeks 18..12: HwIkh en
hies 0,08. cheeks 0.10; guilder cub'cs
lOTii. checks ',Wi ; lieselns cnbles 17,40,
cheeks 17..10; Rtockholm cables 1D.00,
cheeks 18,85; riirlstlnnln cables 17.25.
checks 17.10; Copenhngen cables 15,:i()
checks 15.15; mnrksl.OU.
vnsruniJAVo final quotationm
"iTyr8 nncs, LlreOulldera
3.41 14.22' 18.117 8I
3 44V4 14 20 1H.3S nnil
TODAY'H OPI5NINO OtIOTATIONS
mernnir rranos Lire Ou dera
3.4H4 14,12 1S.32 mil
3.47',4 14 10 18J0 3a
MONEY-LENDING RATES
NKW YOltH-Money on cull, boll,
classes of collateral, opened today ut I)
per cent.
I'lIIlNADKLt'lHA-Call, 0 per cent ;
time. 0 per cent; commercial paper
three to six months, 0 percent,
LOppN'r.Mpie,v. is .quoted nt .in.
r fn( niui.iiin ... ..1 . ".
pnori 0UU
FOREIGN INTERNAL BONDS
Wo have established ' '
Direct Cable Communication
with
Belgium, France, Great Britain and Italy
.1 AL X. , H. X-, . .f I.
niiu uiruujju our uijuju iu iucuq counixica can oner buu.ipicc
o cnango in price ,. t;l
1, cuneaiiuy tjioiiur a rice ac a ar
, I'rlccs Exchange Normal
Belgian Govt. Rettoration 5s $74 ' per 1000 fr. $193 '
French Govt. Victory 5s 65 per 1000 fri. 193
French Govt. 4s of 1917 522 per 1000 frs. 193 .
British Govt. War Loan 5s 323 per 100 486
Italian Govt.Consolidated War Loan 5s 49 yz per 1000 lire 193
Belgian Govt. Now 5s, 1920 $74.20 per 1000 Ut.
French Govt. New 5s, 1920 70.52 per 1000 frs.'
We oro prepared to give Information concerning these and
other Foreiirn Securities and invito correspondence on this
subject
EDWARD B. SMITH & CO.
Banker
1411 Chestnut St., Pliiln.
ELK1NS, MORRIS & CO.'
Banker
Land Title Bldg., Phila.
DenianiJ
Cables
Demand
Cablea ,
UNITED STATES
GOVERNMENT
LIBERTY LOAN SECURITIES
I.oaui
Ittte
3
1st
1st 4
Victory 3
2d
1st
2d
4th
3d
A
1
4V4
4V4
44
4V4
CnlluMo
1932
1932
1922
1927
1932
1927
1933
Victory 4 1922
Dae
1947
1947
1923
1942
1947
1942
1938
1928
1923
Approx. Yield It
0IUd, cr If ''
Helling nt Var
ou Cnllolile Date
3.95
S.02'o
4.95
5,67
5.21
5.83
5.34
5.86
Appro'
YteJd t
Jlatojrltr
3.76
4'.61
4.63
4.73
4.83
4.99
5.07 'o
5.36
5.65
$50, $100, $500 AND $1000 DENOMINATIONS
CHICAQO
MONTGOMERY & CO.
SfclniSIUW NEW YORK
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wi.'..-ia
JA
Oil. 11 '.MMmm mmmmttmmutmmmmmmmm 1 " -
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