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1
IWENING' PUBLIC EEDGEB PHICADBtPHM, WEDNESDAY, MARCH 10, 1920
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;,67 Hydro-Electric
,VJ of tho electric output
,sf Consumers Power Com
",r oo mo s from ltd
; Hydro-Electric plants.
74 Communities Served
Tho bonds or debonturcs
of this Company offer on
attractive investment.
Central & Ref. 7s 72i'io Basis
Debenture Serial 7 7.75 biiii
Complete Illustrated circular
,snt on reguejt or TK-JJO
'V
ILeKationalGty
y Company
.Correspondent Offlcee In over BO Cities
Philadelphia MSI Cheslnnt lit.
Atlantlo City Clialfonte Block
IMS Boardwalk
Gennan Securities
we orrsR.
German City Bonds
German Mortgage Banks
.Tsf Mortgage Bonds
The present low rate of Ex
change offers unprecedented
opportunities for American in
vestors. We are in daily wireless
communication with all leading
German Stock Exchanges.
A partner of oar firm ii a Memoir
of til Berlin Stock Excbaate and bat
keen for too put twenty jcim.
Correspondence tnulfti
Write for our pamphltt
It. B. 43
F. B. WARREN & CO.
12 Broadway New York
Telephone! Telrtxaph Addrmst
Broad S491 Bondvrarrcn
STOCKS
AY
BETTER STRENGTH
Price Changes Are to Highor
Levels, Showing Porsistont
Accumulation
RAILS MAKE GOOD GAINS
4
New Yorlt. March 10. Tho cumula
tlvo effects of tho long lino of favorable
developments, which started with the
signing of tho railroad bill nt tho end
of February by President Wilson and
Included the Supremo Court derisions
rendered on Monday, were cffectlvo in
causing general strength in tho stock
market today with the orderly move
ment of stocks to higher prices indicat
ing that the speculative condition has
been essential? changed.
The railroad group had its own special
strong following, which showed most
favor to the high -prised issues, Reading
moving up over 4 points, to 83, and was
followed by Now York Central, which
advanced over 2 points, to 70, and
Union Pacific, which moved up over 2
points to lZSVt.
There was some hesitation shown in
the movement in steel industrials, but
those stocks also traveled upward.
United States Steel advanced 1 point,
to 00. and Republic, after selling at
02i,$, advanced, to 04Vi.
Petroleums and motors, as well as the
marine shares, joined In the upward
movement, with these groups showing
gains of 1 to 3 points.
Commodity Marlccts
The Hoate oCHAS. H. JONES & CO.
We Offer
Bonds
' suitable for ioreators and
institutions yielding from
Mtrp Yi
XT' I
sy. to $y
which combine safety, high
yiald .and marketability.
DlrertUled IJt "L"
nuNiciFAL Railroad j
Corporation Bonds
48 Broad Street - New York,,
H esmsssHS-tuu aaaaus'saasnnzr-
COTTON MARKET
New York, March 10. The weakness
of Liverpool cables had much to do with
a drop of 6 to IS points In cotton prices
at the opening; today.
Liverpool sold the old and bought the
new crop positions here, but business
otberwlao had no special sltrnlllcance
at the start.
The market -was steadier later at a.
net loss of about 10 points
Receipt at tho ports for the day are
estimated at 23,000 bales, npralnet 30.
334 bales u week ago, and 16,425 bales
a year ago.
Test Today' 11 00
close open a. rn.
March ............ R0.01 88.75 ....
May 80.02 35.85 88.15
July 33.40 .13.2.", 33. r
October 30.70 SOAK 30.U7
Cecember 0.03 28.70 ....
January 20.80 .... ...
GRAIN MARKET
flilcaa-o. March 10. Corn advanced
sharply In prico today. Wet weathor
and breaking up of country roads were
bullish factors, oo waa strength In
European exchange. Commission houses
and pit speculators did most of the buy
ng Initial quotations, which ranged
from He oft to Ho up, with May $1.46 H
to U.46H and July $1.39 to- $1.33?;.
were followed by decided gains all
around
Oats ascended with corn. After open
ing unchanged to tto higher; Including
July at 76c, the market continued to rise.
Jaeinar futures rangea as iouows
torn uiew aouveryf
Opfn Hleh Ijow
1.43 1.46H 1.4BK
1.30 1.41H 1.83
May .
July
May !T7. ftti 83
Julv .... 78 76h
pork-
May ....35 00 M. 50
July .,..33.00 133.25
Lard
Mv 2J.R5 21 BS
July ....22.00 2.13
May ....18 2 18.82 II
July ....18.70 18.77 1
Bid. tAsked.
83U
78
nao
1.47 H
1.40?t
S3H
78'i
Tet
clote
1.48
1.30M,
S3
76X
84.07 8S.B0 13101
33.00 135.23 33.00
21.81 2t.M 21.47
21.S7 22.10 '22.07
1.20 18.S2 18.27
1.85 18.77 118.77
New York Curb
NEWBURGER,
HENDERSON & LOEB
Afemfiera New York and
Philadelphia Slock Exchangtt
(410 Chestnut St.
ETOCSTKIA1S
lllah
Acma Coal 2
Aetna Etploa ,,
Am Marconi oi
Am Baraiy itazor j j
llrttlsa Amer ion rr..
Brlttih Amer Tob coup
General Aapftalt
Hayden Chem
Cuban Amer Susar ...
Montaomery-ward
Nor Amer Paper
Perfection Tiro ..........
Radio Co
bubmarlna Bot
Sueeta Co
Trlanitle Ptlm
U 8 II 8
U 8 Steam
United Ret Candy
L'nl ProOt aharlns
United Plct Prod
INDEPENDENT OIMJ
n
Low Lnet
IS
4S
42h
34
4
17
82
3J
144
2H
12'4
8
5H
1U4
18
IS
01
4
424
1SH
0
A
31V,
14.
FOREIGN INVESTMENTS
OomtUts intormation urnUhad resartt-
S4r IfertUr Qovmmrt. ifuntotaaj
and Cerporat Imu
fTE OFFEB FOB BALK AT CtmnKNT
BATES C AMOUNTS TO SUIT
1,000,000 Marks City of Moult
4 Donds
1X00,000 Marks City of Ilanbors
Wi Ilonda
1,000.000 Marks City of Dertla
4 Honda
AIIImI on
Amal Royalty .
Arionuaa Natural Gaa
llktaton Womlne
I Cities Service "B ctis
I Coaden & Co
Dominion
Dmuts o
Klk Ilasln Pet
1 Enslneers Petrol
Rrtel Ol
Federal Oil
rilAnrnefel OH
Ourtey Clllenpla
.. 40
..at.
i A
.. 40
.. 0
.. ii
.. 7
.. 10
:M8
. 4
. 3S
. 3.
Home Oil
Hudion OH
tnt reiroi
...
3
Invincible 33V4
SY.
4 V,
20i4
20
3
F?WM
""-T
Investment Bargains
at
Today's Prices
Baker, Ayling & Young
3. TV. STf AEV. Jr.. -Manasce
Land Title Bldg.
Boston Philadelphia
ij ' j
lil.nd Oil
1 Indlahoma Ret
. Lanco Creek
Ltvlniaton . . .
Maimn . .
1 Ktaraclabo ...
Merrltt Oil
, Metropolitan Pet ..
I t'ushlnc Pet
. Kuy Co Gas
No Am OU
Omar Oil
Phllllpa Pet
Producer & Refiners
Ryan Oil
Salt Creek Prod . . ,
Sapulpa Ref fl
..!Uoyan uu
Skilly Oil 11',
Simms Pet 33
fixaa Co nl 48'.
rroficai uu 1'OVi
Lnlon Texas
Vi torla OH new
Whim Oil
34
5'4
41
S
lt'
'81
I'i
40
h
14',
7
0'.
1
'?
:,t
8.
31
8ft
70
3.1
4
8
4S
20 H
1'0
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84
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8
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174
20Vi
GEO. A. HUHN & SONS
BTOCKS AND BONDS
Members of the Philadelphia. New
Terk an4 Chlcaro Stock Ezcbaosea
Mew Tork Cotton Hxchanxa
Commlnlon Orders Executed In
- All the Principal Markets
HEIXEVI1E COURT ULDU.
. HIS Wsloat Ml.
NSW TORK OFFlm
r 111 Broadway. New Tork
Securities
for Investment
JosepKW.Gross aCo.
1421 Clieslnut Sl
1 Correaponcfffttls
AtJtiti A Company
i Whelan
1 Western States
Woodburn
nuperlor
MINING
Alanka-Brltleh Col ....
Arizona Sllvor
Atlanta
Belcher Divide
BelchT Dhlde Ext
Bid Ledso
Booth
BoyUm a. Mont . . ...
Caled Mining
riumt it Jerome . ....
Cons lnctnl
I rieasrn Oold . . .
Divide Extension . .. .
Kl Salvador . .
Uuieka Croesus
I Eurokn Holly
411 Mining- .
Golden Gate Eip . . ,
(luld t ona
Oold Delp
Gold Merger
Gold 8ller Pick . ..
Oold Zone
Great Pjnd
Honduras tiyn
Kerr Lake
Louisiana Co
.McN'amara
Mather Lode .... . . .
Murray Mrs
National Tin
Ophlr Silver
Rex Cone
Rochester Mines
Seneca Copper
Pllver Kins; of Ariz ....
Hilver Kins Divide
8 Silver Lead . .,....,,
Tjiopah Belmont
Tononah Cash Bey
Tonopsh Divide
Te .opah Extension
Tonn-Jim II
ronrpah Midway
Tonopsh Minlnc
Tonopah M It pah
Touopah Montana
Tonopah Rescue Eula ....
united Eastern ,
Vlctrty ...
West End C . .
.Whit Caps .. .
wnit caps jsxt
Wllbert .. . .
Terrlnston .
IV, I'i i'i
20'4 29',i 29H
1
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IS
0's
18
18i
NEW YORK STOCK EXCHANGE TRANSACTIONS
Bales
eoo
100
100
300
200
101
SO)
MJ
1400
4000
100
400
100
800
340
200
100
MOO
4400
S800
11000
400
400
000
3600
1600
1100
600
200
8S60
6700
000
MOO
400
ieo
4100
oo
mo
400
Dlv,
ln$
l't I'i, I'i
14 I'i 11
8H 3'j 3V
1', 11 14
5 r .
84 C,:i 84
33 35 33
' ft 1
'. 1' 4,
l' 1 IS
s s s
2S 2. 2'.
li Hi 1.
m is i'J
i't i i
II 14 II
H H
3 3 .1
27 24 27
2!l 2'J 20
' S 4i
1S'4 18H 18'4
IS 4 4li
5 !4 !'
v S '
no no so
78 78 78
7 8 0U
l A l 1 '.4
! II I)
IS 18 18
7 7 "
8 $ $
if. 2 'J, 2A
24 A 24 U 24 A
15 13 15
24, 2l 21,
12' ,H,J
10 111 111
ilT 2T 8
lS" 12U ii"
Allied Pack
A T T
6s,
BONDS
J
7
4
77
S3
77
03
A T l I'M S ....... .-,!'. HO VQ
Ilelsisn Govl JM '25.,,,., 3i osS ;
13
7
4
.80
0
1
A
0
3
0
4)
7
3
7
7
10
8
91
0
e
7
7
10
4
8
S
8
34300 3 JO
200 7
4400
100
800
600
100
100
100
1800
2700
1100
'300
400
300
.100
100
2700
600
100
100
2b00
3400
300
100
0400
4100
300
200
200
COO
3100
400
1300
200
moo
400
600
100 1
700
800
400
200
300
100
400
3000
400
100
100
100
272 JO
59)0
1390
100
100
230
450
431
100
100
1500
000
2300
500
1100
100
230
1318
100
110U
800
100
110)0
100
11500
2100
3300
100
100
1690
6)0
100
100
100
ftOO
1900
200
103
100
200
100
2000 . .
COM
1700 0
600 G
100 7
0300
1330 6
100 3.50
2000
5000
300 C
200 ..
390
lllsh
Adama Express ...... 31H
Advancn rtumolV .... t
7 Advance numelypt... c8J
AJax Rubber '
8 Am Beet Sugar 84
7 Allls-Chalmers J1S
Allls-Chalmers pf ... 81
13 Am Bosch Magneto... H0;k
.. Am run 4494
Am Car & Pdy lUi
Am Car ft Fdy pf....U3J4
Am Cotton Oil J
Am Drug Syn
Am Express "J..
Am Hide ft Leather.. "14
Am Hide ft Leathsr pHO?..
Am loo "J
Am Internet Corp.... 2;
Am Linseed 88J6
Am Locomotive l ,
Am Ship ft com W
Am Smolt ft Ref h
Am Steel Foundries.. 48Js
Am Steel Frtrles pf . . . '
Am Sugar Ref 133
Am Sumatra Tob.... 2J
Am Tel A Tel '.$
Am Tobacco 'ita
Am Tobacco pf new.. 022
Am Tob Bee temp ctfs el!4
Am Woolen ,1e8if
Am Writing Paper pf. H
Anaconda Copper .... J8J4
A&seta rtoallzatlon ... nii
Aaso rry Ooods 8
Atoh Top ft Hanta Fe. 86 14
AtlantA Blrm ft Alt. . . 854
Atlantlo Coast Line... 0
Atl auf ft W I S S..167VS
Baldwin Locomotive .120J4
Baldwin Loco pf ....100
Baltimore ft Ohio.... 37 JJ
Baltlmoro & Ohio pf.. 8yz
Barrett '"'A
Buthlahem Motors .. 23
Bethlehem Steel SS?i
Bethlehem Steel B.... SI
Bethlenetn Stl 8 pf.lKyi
Booth Fisheries 1U:
Blclyn Rapid Transit . ll?i
Bklyn R T ctfs of dop lOJi
Butte Conner & zinc. . iv
Butte ft Superior Cop
Butterlck
Bruna Term ft R R. .
Caddo Central O ft R
California Packing .
California Petroleum
California Petrol pf.
Calumet ft Arizona
Canadian Paclfla .
Central Leather . . .
Cerro d Pasco Cod.
CertaJn-fd Prod 1st pf 61J4
Chandler Motors ....112
Chesapeake ft Ohio... &&X
Chicago ft Alton 10M
Chicago ft Alton pt.. lo2
Chi ft B 111 Ed T ctfs,
Chi Gt Western pf..
Chi Mil & St Paul...
Chi Jill ft St Paul pt.
Chi ft Northwestern.
Cht ft Northwest pf.
Chi Rock Isl ft Pao..
Cht R I ft Pao 0 pf
Chi R I ft Pao 7 Pf
Chlno Copper 34
Chilo Copper 17
Clev CIn Chi ft St L.. 2
Coca-Cola 37
Colorado Fuel ft Iron. 40 h
Colo ft Southern 20
:cn
18)4
714
21W
. 81
. 35?4
. 71
. 81V4
.12614
. 86K
481s
. VA
. 26
. 40
. 68H
. 01)4
.117
. 40H
. 16
77H
3
3
'i
0
7
12
6
6
C
7
7
4
Col ft South 1st pf... 61
Columb Qaa ft Elco... 50 Ji
Col Graphophono .... 4714
Con Interstate Cal M. 13 H
Continental Candy ... 1014
Consolidated Cigar . . 60 H
Consolidated Textiles . 28U
Corn Products Ret.. 02H
Crucible Steel 333
Cuba Cane Sugar ... 4BJS
Cuba Cane Sugar pf. . 81 H
Delaware & Hudson . . 00
Del Lack ft Western Hi
Denver & Rio Grande 7y5
Denver ft Rio O pf.. 11V
Durham Hosiery . . 66
Emorson-Brantlns pf. 82 ?
Endlcott-Johnson ....106
Erie 1BH
Erlo 1st pf 25!i
Erie 2d pf "hs
Famous Players-L ... 78 H
Federal Mln ft Smelt. 13
Federal Mln ft Sm pf. 32
Flsk Rubber $&Y
Frceport Texas 34
Gaston Wms ft Wig . 10H
General Cigar 814
Gen Cigar deb pf .... 80J
General Motors aie
Oeneral Motors pf ... 70
General Motors ctfs... 31
General Motors deb . 7214
Goodrich B F "3H
Goodrich B F pt .. 14
Granby Con M S ft P. 38
Great Northern pf ... 81 H
Gt Northern Ore ctfs. 184
Gulf States Steel... . 67
Gulf Mobile ft North. 0
Gulf Mob ft North pf. 30 H
Hartman Corp 81&4
Haskell ft Barker Car. 6254
Hendco Mfg 8
Homcstaka Mining .. 61
Hupp Motor Car 14 'i
Illinois Central .. .8314
Iowa Central 6
Interboro Con Corp ... 4
Inter Con Corp pf.... 16
Inspiration Con Cop.. 61J4
Int Harvester ISO
Int Harv pt new... .111 14
Int Mer Marine 36U
Intr Mer Mar'ne pf... 0114
Int Mot 2d pt 00
International Nickel . S3
International Paper . 80 Is
Inter Paper pf etpd-. '8
Iron Products Corp. . .
Kan City Southern... 1814
Lew
3114
M 14
H
M'4
83
4114
81
110
43H
13815
11314
4814
13H
10S
aan
103
41M
00
8014
ts
44 14
S3
J28H
8IH
li
240
0314
I9H
124 If
44 H
67 U
314
40
8414
814
8814
16614
117
100
3014
4814
414
33H
8H
80 H
11314
10
14
1014
0J4
26
1814
6
2l
70H
3 J li
71
6114
123
8414
4814
6tT4
136J4
68
1014
1514
714
26
40
58
88
117
37H
65
7014
:4
17
5014
30
40 H
2614
61
6G
40H
1014
1014
CO 14
28
8714
226 Jj
46
81&
96
i8r
714
1414
56
82 a
10414
1314
24
1614
70N
13
31 Ti
57fs
24 H
U
17
86H
3104
79
31
73
70J4
V4
38
70 H
184
07
9
30 14
b914
61
zn
51
14)4
314
6
4
13
6314
120
11114
34 K
. 0014
1 00
3114
-.8
76
4314
18
1:90 Net
Close Chse.
31? 1H
3014- H
68 94
73J4" 3
83 14
41J4 U
81 3
11614 U's
4414 ?4
14114
11814 y
47 ?4
13J4 14
110 614
32J4
103 - !'s
41J4-314
BST4 3H
83J4 214
101 4
2814 3
Ctfl ..
40J4 IS
033
133 314
03J4 314
014- 14
318 1
0314
61U 3H
12814 314
44?4- 14
6814 14
314 y
48 314
68J4-2
814 ,
80 114
15014 li
M0J4 3H
100
3714 1)4
4814 14
13714 414
32H- 14
8094 14
0014 Id
11214
1114 14
U9 1
10J4 94
10 14
aK ..
1814- 14
714 1
134-
81 2
33J4 V
71
6014 14
12614 3H
8514 14
46J4 J4
7i- 14
113 4
68J4 94
1094 14
1514 8
m- js
20
4094 194
68J4 J4
8114 0J4
117 ..
4094 3
161
7794 194
34 .. ;
17 14
33
37
40J4 14
261
11
66 14
47)4 ..
1914 14
10J4- 14
0014 314
2854 ..
0214 14
233 014
4594 194
81 J4
961
,106 13
7)4 ..
1514 14
66
8254 ..
10B - 1
1554 94
2314 14
1614- 94
"14 114
13 - 14
3114- 14
UK- 14
2494 !4
10)4 114
18(4 14
8C94 IS
Bales
100
600
100
100
1200
Dlv. t
In I , h
4 Kansas City So nf as?
4 Ketly-Spg Tiro ......12314
8 KeUy-Spg 8 pf toll
4. Keokuk ft Des Mo....
nennecott coDDsr au
3300 1.341 Keystone Tire ft riiA 3IJ4
o. -xAOKawanna Hteel ... 74 at
100 .. Lake Erie ft West.... 13
l00 .. Lee Rubber ft Tire... as
1300 8 JO Lehjgh Valley u
J00 13 Llgwet ft Myers Tob.. 16414
5S2 . " MlW" rU JUtMMH
1000 z Jewo Co ,. 31
400 .. Loft Corp ..2014
:. Jow-WlIcs Biscuit .. 48
1000 V Louisville ft NaahvilIe.l07H
100 7 Manhattan Elev guar. 46
100 .. Maxwell Mot ctfs 2gt5
!i! I My Dept Stores. ....leaw
8600 M Mexican Petroleum ..188
500 a Miami Conner saw
isliA da tissi. ruJ. y
31614 414
79
3194
7314
7394
4
38
8114
3894
67
0
3014
8914-
t,3!4
39
61 -114-93)4
0
4
15
414
137
11114
I5J4
14
54
1
154
J4
1
134
14
14
14
94
1
4
8094 3)4
00 -
23
44
1814
1)4
14
r,
34
14
1500 4
400 ..
100 7
300 4
1300 ..
300 ..
42M ..
300 ..
100 3.50
710 ..
100 1
300 ..
300
400
100
100
SON
700
100
100
12000
1300
1500
1200
1600
600
1800
200
400
400
7600
200
1100
3400
100
300
7100
300
1900
100
3000
300
100
1600
200
1400
230
1000
400
100
7200
2DO00
2100
700
100 5
00
200
400
400
300
3000
300
2100
10730
2200
200
37090
12100
600
160ft
100
23100
1600
300
4100
7100
1550
1700
7100
100
1330
0200
600
400
70O
100
200 2.50
400 13
13000 3
290 ..
100
3100 3
0100
700
31400
100
64310
400
1400
100
1400
100
700
600
800
3700
400
600
100
1600
600
SCO
100
500
600
2600
100
400
200
400
600
6
6
io
S
3.50
7
7
4
.50
6
8
S)
5
6
"i
8
8
L
3
6
4
2
.20
8
.71
'
7
0
"5
4
4
7
a
io
8
io
4
4
3SU.
Mldvale 8teel ft On).. 4794
Minn ft-StL newv..., lgt
Minn St P ft S St M. 7414
M St P, ft S St M Xi'Tj 50
Missouri Kan A Tex. . 1014
Mo Kan ft Tex pf...". 17
Missouri Pacific ,'.... 31
Missouri Paclfla pf... .714
National Acme 3594
Nat Aniline ft Chem.. 63
National Biscuit lis
Nat Conduit ft Cable. 10J4
Nat Enam ft Stamp... 76
National Lead 8114
Nat R R of Mex-3 pf Ift
New York Air Brake. .100
New Tork Central.,., 7794
New Tork C ft St L. . . 3354
N Y Chi ft Pt Ii 1st pf-80
New York Dock'. 35
New York N H A II., 3694
Now York Ont A W.. 31J4
Norfolk ft Southern... 2414
Norfolk ft Western... (014
Northern Paclfla ... 8214
Ohio Cities Gas 4(94
Okla Prod ft Rof 594
Otis Elevator 130
Otis Steel 30)4
Owens Bottle a.. 65
Pan-Amer Petro 0394
Fan-Amer (B) 8794
Pennsylvania R R . . . 43 )4
Pere Marquette 314
Pere Marquette pf.... 40
Philadelphia Cd .... 38
Plerce-Arrow Motor . 8I94
Plerce-Arrow Mot pt. .101)4
Pierce Oil 1814
Pierce Oil pf 94
Pitta O C ft St L 6994
Pittsburgh C of P. ... 59
Pittsburgh Coal pf... 00
Pittsburgh ft w Va.. 3034
Pond Crek Coal 10
Pressed Stel Car (814
Pullman 117
Punta Alegre Sugar.. 8394
Rollway Steel Spring. 9894
Ray Consolidated Cop 1894
Republlo Iron ft Steel. 9594
Reading 8514
Reading 2d pf 34 14
Remington Typewrit. . 7614
Royal Dutch N Y.... 10014
Saxon Motor 1614
Sears-Roebuck 230
Seaboard Air Lino 0
Seaboard Air Line pf- 18
St Joseph Lead 1614
St L San Francisco... 2514
St L San Fran pf. ... 34
Shell Trano Trading. . 80
Sinclair Consol OU... 4194
Sloss Shelf R ft 1 76
Sloes Sheft pf 01
Southern Paclfla 10194
Southern Railway ... 2094
Southern Railway pf . . 68
Strombenr Carb 6794
Stewart Warner Sp.. 40J4
Btudebaker 03 94
Btutz Motor 135
Tcnn Cop ft Chem.... 1014
Texas Co 160)4
Taxas ft Paclfla 3HJ,
Third Avenue 1414
Tobacao Products .... 18
Transcontinental Oil.. 37
Union Bag & Paper.. 87
Union OU 3374
Union Paclfla 12514
Ulnon Paclfla1 Pf to 9s
United Alloy Steel.... 4414
Un Ry Investment. ... 13
Un Ry Investm pf. .. . 2594
United Drug 1st pt... 60)4
United Fruit 199
United Retail Stores.. 7554
U S C I P ft Fdy 18
U S Express 3114
U S Food Products... 67)4
U S Ind Alcohol t.7
U S Realty ft Imp. ... 49
U S Rubber 10794
U S Rubber 1st pf 111)4
U 3 Steel 100)4
U S Steel pt 112
Utah Copper .314
Utah Seo 014
Va-Carollna Chem ... 71
Va-Car Chem pf 100
Va Iron Coal ft coke. . 68 U
Vanadium Corp 49)4
Wabash OH
Wobash pf 2994
Wells Fargo Exp 5514
Wcstlnghouse E ft M. 2)4
Westing E ft M 1st pt 65
Western Maryland ... 11 J4
Western Paclfla 26
Western Paclfla pf . . . . 6094
Western Union Tel... 86
Wheeling ft L Erie... 13
White Motor 67
Willys-Overland 2594
Willys-Overland pf ..8714
Wilson A Co 73
Wisconsin Central ... 33
Woolworth F W 12414
Worthmgton Purop .. 7814
Low
4714
12014
)4
5
29
as
73
13
34
46)4
16414
15 94
3014
8014
58
10014
46
284
128
181)4
33
34
47
18U
74J4
55
1014
17
29)4
4794
3694
63
118
10J4
75
8094
394
100
7594
33
60
35
35
20 Ji
31
0
80
45
8)4
120
309s
63
83H
8714
4314
3J4
40
a794
401.
101)4
18
01
6694
58
00
2014
10
7H
110
814
(8
1894
, 0394
0f4
34
75
09)4
10
230
0
18
1614
24)4
S3 J4
7094
41
73
01
014
25)4
67)4
65
4014
93
131
10
185
37
13 54
toii
2014
87
33)4
123)4
6694
4414
1194
2594
50)4
198U
73 H
17 H
31'
1394
394
8H
104
1U14
OS 14
11194
73
014
70
109
88)4
48)4
OH
28't
53
62
65
11
26
9i
60
1294
65)4
24K
87)4
73
32
14
77
1 180 Net
Close Chse.
48 394
12314 IK
9914 14
5-1
3914 14
38H 14
7114 3
13
35
47 1 ,
164J4- 114
1594- 14
30J4- 14
2014 ..
686
107 214
46 14
3814 114
138
188 4
33)4- 14
35)4 94
1794 1
18)4 14
7414 14
866
10)4 94
17
3014 94
4714 14
3694 14
0214 194
118 3
10J4 14
75 H
8094- 94
594- V
100
7594 1H
33
60 ?
35
35- ..
30J4 94
21 1)4
(6 - 194
80 - 9-4
45 94
514- 14
1204
3094- 14
632
03W 14
8714 ..
43 J4 ..
30J4 94
49 J4
3794- 14
69J4 14
10114 114
18 - 14
Ot 14
6094 J4
58 14
90
39)4 1
10 - 34
07)4 l
no 14
8134 1
(8 114
1834- 14
0334- 14
79J4 '14
31 94
75 14
9914- 194
16
230
0 .,F
18 - 14
.1614 ..
2414 94
3314 ..
7994- 14
4194 94
763
91 - 194
10014 194
094 134
58 14
0794 314
40)4 114
03 1)4
135 3)4
10
189)4 214
894 3)4
1114 2
1754 1)4
2614 ..
87-1
!3I4 14
12514 214
1094 ..
4494 94
tiy, 94
554- 14
014 14
199 1
7334 3)4
17J4 14
3114 1)4
C794 3)4
0 3)4
48J4 ..
107 3
111H )4
0914 94
"3 h
73)4 1)4
014 94
014 94
109 194
88H 14
91i 14
014- 14
2014 94
55)4 3J4
....
65 ..
1154 ..
261
5994 14
86 I4
3-14
J7 1
J4 ..
8714- 14
731
321
124 14 1M
"94- 14
Osn Kleotrlc 6
aaaian aje
'' '!!!!!! SIB
T.----T- -ir
7
FOREIGN EXCHANGE
vw York. March ln Th foreign
exchange market opt tied -trr.nif this
morning, all the allied v nunges re
flecting Btrcngtli. With rabies at 3 71
and demand nt 3 70',4. sterling was at
a new high on tho upward nioemont
which lias been In progress Muco Feb
ruary 4,
Franc cables at 13 4.r uero up 20
centimes, franc checks also were up nt
13 47 Marks were quoted at 1 43, an
advance of 10 cents In a v. eel Lire was
quoted at 17 80 for cable- and 17 82 for
checks. Swiss cables were 5 90 and
6 92 for checks Guilders ere weaker
at 36 M. for cables and 3u'4 for checks.
Other qtiotatldns were
Stockholm cables 20 05, rhe ks ID 90:
Christianla cables 17 B5, 1 he-kh 17 40;
pestas cables 17.80. che ks 1"70, Hol
Pesteas cabWs 17.80, checks 7 70 ; Bel
gian cables 13.00, chcclu 1 u.
Ywterday's rinul QuoUllons
Sterling Franri I 'ra Guilders
Demand . 3 fl.l't JS.tlJ 1H'. 354,
Cables 3 64 13 Of. In ) Ofl',4
loday's Opening: Quotations
Sterlln Kranci 1 I- Guilders
Demand . 3 70Vi i;,47 17 2 3H,
Cublra .. 8 71 13 45 17 S) SHU
MONEY-LENDING RATES
NEW YORK Money on roll opened
today at 7 per cent for leading and re
newing. .HILAnEUMIIA Call. (1 per cent;
time, 0 per cent; commerclnl paper,
three to six months, 0 per rent.
LONDON Money Is quoted at 314
per cent. Discount rates, short bills
5 41-10 per cent; threo inonthn bills
G 11-169594 por cent
BANK CLEARINGS
Rank clearlnss today, compared with cor
respondlne day last two years
1020 1019 1918
Phila . 172.232.307 103,800 349 t37.bO3.780
Boston, in.flat.fl.11 44.aiMO
lUltlmoro 10 OO.'.bOS 12.012.037
LOCAL MINING STOCKS
Cash Dov .
Jim Butler ,
Mac-samara
Midway
Mlzpatl l.xttnslon . .
tiuntuna
North Star ,
Rescue lSula
'lonopah Extension ..
West Knd
Weat Tonopah
DIVIDE
Allied Divide
A4to Divide
Uelcber
Uen llu
Divide Extension ..
HrouKh Divide
DUide flyndlcato
Divide Con
Dividend
Kast Divide
Hasbrouck Divide ...
Itlrli Divide
Retort Divide
Reno Divide
Rosetta
Silver Kins
Tonopah Divide ....
Tonopah Kasbrouck .
Victory Divide
Verde Divide
Zona
Rid
07
JJ
H
11
13
10
rtt
::::::
::::::
STOCKS
02
03
12
03
.02
.03
111
.03
02
02
.IS
.OJ
.IH
,0U
2 It
.10
.0"
.111
.29
Ask
OU
.25
.'
.17
.12
.11
.23
.03
.04
.03
.13
.05
.01
.03
.15
.05
nt
.(VI
!04
.05
2m
.15
.01)
.13
.30
GULDFIELD BTOCKS
Liverpool Cotton
Liverpool, March 10. There was only
a limited request for Bpot cotton today
with nrlces weak on tho basis of a de
cline of (104 points for middling at
27 93d. Tito salra were 4000 bales. The
receipts were COQO bales. Including 1000
bales American. Futures were quiet In
thn narlv dealings. Hoot nrlcen weroi
American, imaaimK i. o.ie. jJwv
middling 29.9!d j fully middling-, 3Mf
mlddltng, 37.93d; low middling. ,J.54i
stood ordinary. Il.43d and rftaiwr.
i20.13d.r. . .. . ...rf.tS
: .JJIC-. l,rr i " i M J. r. '.
-' ..-'- J..Uii.H.J.. .-TWtr.
iLi-n ri..u.-, .-...
Atlanta n: .03
L'ltie Hull m .03
Ilooth 05 .OH
COD 02 .03
Combination Fraction 03 .03
r'rackeriack n os
Dlamondneld D U ! .02
Daley 02 ,nj
Kiorence 23 ,30
(loldneld Con 13 .15
tloldfleid Mersar 0j ,04
Hold Development 07 .00
Great Hnd 02 .03
Jumbo Extension on .08
KeHanas ! ,04
Lone mar ".) .05
oro 01 .02
Red Hills 03 ,01
Hliver l'U'k 21 ,2i)
aik'jrhoad 05 .07
MISCELLANEOIM ,
Amparo 1 H 1T4
Arizona United 15 .20
Kden ,,14 ?s
Mother J-od H .52
Nevada Hill 02 .04
Nevada Rand 2i .25
Nevada Wonder 17 .23
Proinontarlo ,1'i ju
Tatopa Mining- 10 .12
White Capa 12 .11
Philadelphia Stocks
HlKh
,R0 Am Sirs. -10
Low
Net
V2W. -.C ") cne.
4CTl 4b Vj
120
78
20
17
43
34 V,
IP
100
f4-.
Vi 'i
43..
as
1
LOCAL EXCHANGE
LIST BROADENS
Soiling of United Cas Improve-
moht Continues Tonopah
Mining Under Pressure
LAKE SUPERIOR MOVES UP
Stocks on the local exchange opened
steady this morning with tho list con
siderable brooder than during the early
..jtn - n .t.nr thiii xreek. Trans
actions yero condned for tho most part
to small lots with prico cuuuseo u
fined to small fractions. ,,.,
The selling movement in United Gas
Improvement continued, tho opening
Quotations being 46, u drop of .
from last night's close, but tlio prico
soon recovered to 40. Tonopah Min
ing was undet pressure, some 400 shares
changing hands in tho first half hour,
ntth tho. rirtrn linlrllni? HtCBdV nt 2Yl.
Stocks which opened unchanged were
Storage Battery nt iiu, inter urou
ping to 120, and Pennsylvania nt 43.
The only other semblance of -activity
outeldo theso issues was in Lake Su
perior Corporation, which moved up an
t.uu ... .tlv KennH nnlAS.
Business in tho bond section of tho
exchange was marked by extensive
dealings in Liberty fourth 4s and
Victory 49s. Cbango in prices were
inconsequential.
New York Bonds
Bales ln ,,,
IrtM lilt
r. Am Ac Ch cv Cs 04
2 Am T & T 0s.. 00
11 Am T & T Cs. . 82
172 Anglo-Frch Cs.. 08
C A T & SF adj 4s 77
28 Bait & Ohio 0s 85
10 B & O Cs'05. 64
lB&Ocv 4s. 64i
.ITt A O niAs ... 83
7 B & O SW 3s 72 72:
. , mi t Xf. n. COKi CO
04 -m
it r&iL 7ftt4
IZil i,47
coyu on7S
04 04
04 ft G4M
82 83
S 72
811 80
80 80
00 00
84 84
04 04
70 80
75 75
74 74
33 33
03 03
78 78
705i 70f4
71
uu
71
60
01
05
60
7S
O.I
67
78
101
45
5
14 Uity ot oiars os. on-;
J Uity ot ijyons us ou-m
14 Bordeaux us.... su'Js
'Si Uity ot fans us. uu
1 C of Georgia en. bi
1 Cent Leather 5s. 04
54Ches & Ohhio.. 80
2 Chcs & Oh 4s. 75
1 O & O cv 4s. . 74
3 Chi & Alton 3s 33
84 Chi B & Q 4s.. 04
7 Chi B &. Q g m 4s 78
2 Thl B & Q 3s. 70
4 0 M&Str 4s r25 77
11 ChiM&StP cvCs71
3CM&StPcv4s71
11 O M&StP rf 4s 00
4CM&StP deb 4s 01
4 Chi & N West. 05
0 Chi U I & Pac. 67
fi C!hlIo Conner ... 70
C3 Chllo Coppcr7s.l01 101
n uumese uvt .)b.. n t.
linfeOLS In clt 75 7."
2 Con Gas Co 7s. .10.1 100 100
1 O P R Co os '34 I'S '.is m
1 Copenhagen 5s. !)0 1)0 00
iy r. ht vt ao ifa.iot nil lot
0 Den & Rio G 4s 05 05 05
22 Den & Rio Gr.. 41
5 Dot Un n.s4H 07
5 D of Can 5s 21 1)7
4 Dct Edison 4s 75
3 Dom of Cau '20 03
1 Erie R R cv 4s. 30
5 Erie R R cv B 4s 40 Vi
r, Erie gen lien 4s. 45
10 Erie prior 4s... 54
0 Erie It Rev D.. 42
0 Gt Falls Pwr 5s 00
3 Gen Elec iBt .. 83
3 G B & WBD . . 0
1 Uoeking Vnl 4s 70
3 Hud & Man 5s.. M
6 Hud & Man adj 18
1111 Cent 5s... 01
7 111 Cent rf 5V55 70
3 III Cent 4s '52. 0S
54 Int Met ct 4s 18
58 let Met 4s.. 18
112 Int Rap Tr 5s.. 54
1 Iowa Central 4s. 42
38 Imp Jap Gov 1st 75
30 Imp Jap Gov 2d 74
23 Imp Jap Gov 4s. 60
C Kan C & S R 5s 00
- 2 Kan C & S R 3s 50
6 Kan City Term. 71
4Lch Valley 4s.. 70
4 Louis & Nash 4s 81
5 Mid Stl & O 5s. 83
1 Inter Mer Mar 6s 00
4 Mich Cent 3s. 00
24 Missouri Pacific. 57
45 NYO & Unit 0s 02
7 NYC & IIUR 4h 70
1 City of N Y 4
May '57 .... 00
fl NY NH & HcvOs 75
2N Y Railways.. 27 27
11 N Y Tele deb... 04 04
7 NX WO U li 4s 41 41
4 Norf & W cv Os.102 102
41
0'
07
75
03
30
40
45
54
42
00
83
0
70
53
lfi
SAJ
70
0S
iT-r,
410 El Stor..l20?l 120
70ICoNA
war ... 8
035 Lk S Cor 20 Vi
145 Leh Val. 47
403 Pa R R.. 43
117 Pblla Co
cum pf. 35
100 Philu IJlec 25
750 Phila RT23
1335 tRcadlng. 84
10 tSo Pac'.100
100 tTran Oil 2(1
litu J.uuv lie. 7U v4
400TonMin. 2 2
100 Un True. 34 31
1080 U G I... 47 46 5
410 tU S Stl. 0!) 00
5 W.J & 8 30. 30
tNetr chanse made In comparison with last
alo on New York Stock Lxchanau.
fi 2
100
20
IIS
IE
34..
47
00 1"
OU71.
41 ',5
67
lit
WW
40
451?
04
42
00
SilTs
0
70
58
18
SA
70
68
18
18
88
88
00
00
71
70
817
83
00
09
50
02
70
00
75
27
04
41
102
1 Norf & West 4s. 75 75 75
0 Nor Pac 4s 75 75 75
SNIl IV 48. IM UU IW
20 No TTans 4s. . . . 61 61 61
2 Oregon Wath 4s. 08 08 68
3 Pac G & Elec 5s 85 85 85
16Penn gn 4s... 81 81 81
7Penna 5s '6.... 80 80 80
1 Phila Co cv 5s22 87 87 87
2 Reading gen 4s. . 70 70 70
2 Rep I & S 5s. . 87 87 87
0 Rk I A & L4s 01 01 61
5 St L & Ir Mt 4s 74 74 74
3 St L & H V C. 80 Wl 80
13 8eaboard A L ndj 30 30 HI)
138 South Pac cv 5s. 101 102 104
2 South Pac 4s.. 60 00 00
21 South Pac rf 4s. 75 75 75
It ST. . S V nl fi (UU (UU Mil
50StL&S F iuc 0s 48
01 St I.&S F 4s... 5Si
2 St L&8 F 5s... 08:
01 Texas Co cv 6s.. 102
7 Third Av R rf 4s 4(1
IflTStL W4s.... 47
10UKGB&I5s'20ll2
2 UKOB&I 5s'2!MI0
07 UKGB&I 5s'21 05
4 union rac -is-, v,w
4 Union Pac ref 4s 72 V
6 Union Pac cv 4s 84
2 Un R of S Fo ct. 27
1 URI Co of SF 5s 76
U H Kubbcr 5s. b.
'4.
42
75
71
50
00
50
71
83
00
on
50
02
70
0(1
to
1 U S Rubber 7s.. 102 102
DIVIDENDS DECLARED
National Cloak and Hult Co., quarterly
II 23 rn common, payable April 15 to stock
. Quarterly
25 to atock
of 8 per cent.
01 record
of record April
flavor Oil Co.
payable March
il.rrh 13.
Minneapolis, 8t, Paul and Bault Ste. Marie,
semiannual '. par cent pn common and
preferred, payable April 5 'to stock of rto
orilJMroh 22 v
Wlmosialn Central nallwav. nm inm.ii
?M " preferred, pafefble April l 10
p, , vv.u i4ivu w. '-V
W4Li:S'3if,
Sales In
Jiooo
3 Baldwin Lo
1st 5s....
1 Blec & Peo
Tr 4s
IIONDS
lllsli Jow
05
61
2 Lk S Inc 5a 00
Nt
2 p.m. chse,
05-
-2
50
Leh Vnl Os.100 100
05 Lib Bond
4th 4s. 00.1(1 00.10 00.10. 10
10 Vic N 4h 07.48 07.42 07.40. 0-1
QlVi
uu
100
1 Mar St E 4s 70
2 Pcnna g Os 88
4 Read gen 4s 70
1 U S Steel 5s 07
8 U Ry Inv 5s 70
111
88
W
70
70
88
..
70 ..
I
LIVESTOCK QUOTATIONS
top, 115.50,
14.00tNS
rhlraso, March 10. HCXIS Itecelnt. is..
000 head Irresular. Ifulk, 114. 40 18.40:
n.ou, heavy, J14tf 14 85; medium.
5 40i llrht. JIBttlB.nO: llaht ltVht.
lt4.75lB.35: heavy nacklns Mm. .miwiih
13W13.50 packing- sows, rough, 112.2B4
12.75iPlg, S13.25014 Bo! ' ,"-D,a'
CATT1.15 Receipts, 7000 head. Slow. Reer
steers, medium and heavy, choice and prime
14.2315 76, medium,. ind sood. 111"?
i4.25i common. 10.75411. 78i light wsUrlit:
good and choice ll2.fl001B.25j common and
Medium. IB B0O12.80J butrher cattle, ho If era
n m m iHr.. tntmtm w-r i n. i n mm - -
T..WU-..H..W, ".-. ,.uv tv.lO:
arul cuturs. M.T86T1 .al calves.' Iis.oot
i7.i35llo'75!er,' '"51S' B,wkr eteeri.
eaa4 Htroa..
SESBS?- lilf
ulls'and eopuiton, IJdio.TV , IZT
Lttinbe
47 IT S Steel 5s... 07
12 UKGBI 5s37. 87
1 Utah P & L 5s. 81
nvtr Car vt Ch.. 01
t Vs Rwys 5s ... 82
3 Wabash 1st .... 80"
2 West Elec 5s... 05
0 West Md 4s.... 52
10 Wilson Co 1st.. 07
1 Wilson Co cv 0s 02
00
80
81
82
02
Republic of France
Jrofrens In tho recovery of Franco-from th
World War has already gtVen f reah Evidence of
tho characteristic vitality of tho French people.
Wo are receiving subscriptions for account of
tho French Government, to
The New French Internal
5 Loan of 1920
Redeemable within 60 years by semi
annual drawings; bcirlnnln September
16th, 1020r at 150 Lh,JJ.euhra,en!
(o 1500 francs for each 1000-fratic bond
Subscriptions are payable In dollars at the rate
of exchange fixed each day. by the French
Financial Agency in the United States, which
is based on the closing rateof exchange for the
previous day. This prico will be announced
daily in these advertisement.
.
Price Today $72.99 per 1000 Franc Bond
At the normal rat of exch-ote the coat of this
bond to tho American InTeitor would bo $193
Our Interim receipts caning- for tirmporary bonds ol
the French Government wUTbe issued against payment
In full In dollars.
BROWN BROTHERS & CO.
Fourth and Chestnut Streets
PHILADELPHIA
FOREIGN INTERNAL BONDS
Wo have established
Direct Cable Communication
with
Belgium, France, Great Britain and Italy
and through our agents in these countries can offer subject
to change in price
Tnesdsr Cloalac rrieee) at Par
rrleea Exchange Normal
Belgian Govt. Restoration 5s $78 per 1000 frs. $193
French Govt. Victory 5s 68 per 1000 frs. 193
French Govt. 4s of 1917 564 per 1000 frs. 193
British Govt War Loan 5s 336 per 100 486
Italian GovtContoIidated War Loan 5s 50 V4 per 10d0 lire 193
Belgian Govt. New 5s, 1920 $76.58 per 1000 frs.
French Govt. New 5i, 1920. ..'. 72.73 per 1000 fn.
We are prepared to give information concerning these and
other Foreign Securities and invite correspondence on this
subject.
EDWARD B. SMITH & CO. ELKINS, MORRIS & CO.
Bankers Bankers
1411 Chestnut St., Phila. Land Titlo Bldg., Phila.
The Safest i provided by the internal loans
Speculation in of Great Britain.
Foreign We offer at the market British
Exchange War Loan 5s at about $365 per
100 bond, which would provide
an approximate profit of 40
' should exchange return to nor
mal.
Ask for circular 731 1.
Bonbright & Company
MORRIS WISTAR STROUD, Jr., Manager
437 Cheatnut St., PhUadelphU
New York Boston Chicago Detroit
Reserve Banks' Discount Rates
The first column gives rates for all
periods up to ami inclmllnB a fifteen
day maturity, the second for a period
of sixteen to ninety days. Tho third
and fourth columns clve the rates for
discounts for collateral loans becured
by government bonds or notes.
Com I raper
. 16 to DO
ID days aays
ncston . ...
Nevf York .,,
Philadelphia
Richmond ...
Cleveland ..
Atlanta . ...
Chlcaso ....
Rt. Louis ..
Mnneapolls ,
Kansas City
nana
San ITranclscn
nates on outstanding- certificates
debtedness
cant.
continue unchanted
uovt paper
, . 18 to 00
In days duy
3
S .S!2
B'i eji?
vn :"j
's
s
ail
of In.
at 4 per
4$
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Foreign Bonds
ri!?l?.on l,etw?n Uie cost of Internal Bonds or
certain countries bought at par prior to Uie War Wth
liTange,TnowB0:t0 15 eXtreme fow "ricea iot r"n
Oreat Hritsln '. Honda
f rriif ii ove lionas
iieisiom Hone
Hair S'e Ronds
llelilom 8 V. Bonds' ','. .'.'.".'.'. .' "
ifaif oy nenas
iiermau Mualclpal 4 Doid. .':;: .,,, 1 ffflS i,-.7iu. SIS
Tre-War Apnrojlmat
Cost at Par Co Mow
S4SS per (ISO HIS
kiua uer 1000 w. sss
FT- "
IJra K
,S13 per
Wfi nre nrnnnrnrl fn .vn...4. j . - . . . n.
?-,?fV-0nnn1i fl!lf. and tav? WW a special letter giving
wtoVw be8 JntertsW. &eBl '" dmC9 th"
Copies mailed upon request.
lep?rnir.Ub.',tcuVr.nel!,p,Jr,.,n "eI - -'-
West & Co.
1417 CHESTNUT STREET
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tr yrk Stock KxekaaA
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