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EVENING PUBLIC LEDGER-PtilLXBLlaiA, THURSDAY, nMROH
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.ISIX
Make It
a Habit
coming to us for advice on
your banking problems. Wo
will gladly assist you. Ren
dering service to the public
in any banking capacity is
part of our business.
You arc not obligated and
you get ideas for the better
ment of your business.
Keep in Mind the
In the Center of Things
Oppotite Droad St. Station
Food Drafts for Sale Hero
French
Government
Bonds
can bo bought today at
about tho following
prices :
1000
f-ancn
4s of 1917 $63.76
Victory 5s 65.00
Now Cs of 1920. 56.50
The redemption value
of these bonds with
French exchange at
par would be approxi
mately :
4s of 1917... $193.00
Victory 5s... 193.00
New 5s of 1920 289.50
Carrie B0C4 premium In semi
annual redemption by lot.
Circular E6 on request.
Ghandlei& Company
Franklin Bank Bldg.
Philadelphia
?sew York
New llmcn
Doston
Baltimore.
Service and Stability
If You Are
Interested
Municipal
Bonds
Free of Pennsylvania
Stale Tax
and
Federal Income Taxes
at prices to net
from 4.25 per cent
to 5 per cent
Riddle & Henry
104 SOUTH FIFTH ST.
CAPITAL
A man with some capital
can secu e an interest in
a local banking house
which ia about to incorporate
SILENT Oil ACTIVE
PAKTICII'ATION
ThU firm tiRH been mtnhlWIiei!
four j ears mill uliown a high per
centage of eanitiigM on Its cap
Itnllzntlon, ulillr it future prom
ises even renter tiilm. Inier
earod pernonn will ho given every
opportunity for tliorongti Imrstl
gotlnn. Aillr 7"7 Ledger Odlce
we will be glad to show
yon how to avail your
self of facilities and a
service which are differ
ent, no matter where you
arc located.
Our friends have lent us
such a kindly hand that
we have uccn gcttiiR
accounts of the better
class from th" four cor
ners of tho city.
Wc Solicit an Inquiry
Integrity
Trust Company
Fourth and Green Streets
Capital $500,000
Surplus C Profit. . .$1,660,000
MARKET FORWARD i
SWINGRESUMED
NEW YORK STOCK EXCHANGE TRANSACTIONS
Vigorous Buying in All Loading
Groups in the Active
, Opening
RAILS HOLD THE LEAD
New York, March 11. The utock
market ntarted with n vigorous buying
movement in all the lending groups, tho
demnnd coming not only from important
sources, , but also from commission
houses, generally indicating increas
ing outside speculative Interest.
Tho Rtocls were among the impor
tant features, United Stutes Steel mov
ing up to 101 and both Hepublic ond
Baldwin made gains of over 1 point.
The railroad utocks wero active and
strong, St. Paul ndvnncing 2 points
to 42, and Southern Pacific. Beading,
New York Central and Baltimore and
Olila made gains of over 1 point.
There was continued strength also
In the copper stocks, Anucondti open
ing -up nt 0091, and Americnn
Smelting showing n gain at the opening
of 1 point at (18.
Motor stocks also moved to higher
levels, General Motors leading with a
gain of 11 points to .,52."1,!. while Studc
bakcr followed with nn advance of -1
points to 00.
Mexican Petroleum led the oils in an
ndvnnce of 1 to 1SDV.. Middle States
Oil rose lb to B3Vy. International
Paper was another feature advancing
1 to 82.
Commodity Marhcts
COTTON MARKET
New York. March 11. Late months
'ed In an openln gndvance of C to 32
nolnts In the cotton market this morn
nff, duo to continued Inside speculatlvo
support of tho new crops due to rain
nvor the belt, and backward crop con
ditions The old crop positions lagged
somewhat because of heavy Wall street
unloading'.
Subsequent realizing, however, de
pressed tho market about 10 points from
tho top on old crop months, but failed to
affect the new, which continued strong,
at about 28 points net advunce.
I'rovloin
clono Oivn
Mnrcn , :in i..
May SO 27
July 31 TR
October 31.2." 3141 3107
Deoimber 80.3(1 31)111 . .
January 29.01 3D 25 ....
31-00
u m
31 ll 1
3(1 31 3D M
33 SI) 33 07
"VIA COLON"
'These two worth transmuted fret o
cfiarnr 6v ntn; Trlearaph Col
John L. Merrill. freiUrat
DIKKCT KOUTE TO
CENTRAL and SOUTH AMERICA
80 Ilrond St.. New York
Salea
100
200
1300
20
100
;oo
ooo
2400
300
100
400
.100
300
100
400
400
400
100
2000
400
aoo
00
300
200
1000
SOdO
20)0
0O
1)0
DIv.
In f ltlth Txiw
.. Adams Express 33 H JJJ4
7 Advanco Rumely pt... (Oft tov$
? Allls-Chalmcra 44 43 J4
q Allla-Chalmers pf ...84 83
..8 Am Agrto Chem 00ft HK
8 Am Beet Sugar 84ft MJ4
13 Am Bosch Magneto... 119 110
.. Am Can 474 47
13 Am Car A Fdy 141 141
I Am Cotton Oil....... 47 47
.80 Am Drug Syn 13ft 1334
.. Am Hide & Leather.. 23 & -2314
7 Am Hide & Leather pM07, 100
t Am loo 46 46
0 Am Internat Corp... 68H 68
3 Am Linseed 83 H 8214
6 Am Locomotive ....'.. ttty 10016
7 Am Locomotive pf ...100 100
.. Am Ship A Com. 28 27 U
7 Am Smelt & Ref 68 67
3 Am Steel Foundries.. 48(4 48
7 Am Sugar Rot 132ft 133
10 Am Sumatra Tob S2ft 9194
8 Am Tel A Tol SSft 18ft
21 Am Tobacco 205 2Sa
6 Am Tob Sea temp ctfs 6714 63H
4 Anaconda Copper . ... 00 00ft
6 Atch Top Santa Fe. S6 80
7 Atlantic Coast Lino.. 89H
77i0 3J0 Baldwin Locomotlvo .120K
2000 .. Baltlmoro A Ohio 8H
100 8 Barrett 125ft
1000 .. Bethlehem Motors ... SSft
25'n 5 Bethlehem Steel B.... 02 H
200 4 Bruns Term & IIR... 7ft
lou .. Butte Copper A Zinc. 10ft
400 . Butto & Superior Cop. 27ft
300 .. California Potroleum , 10ft
1000 4 Ccrro do Pasco Cop. . . A3
100 7 Ccrtaln-fd Prod 1st pf 85
1000 7 Central Leather 86ft
1700 8 Chandler Motors ....143
500 4 Chesapeake A Ohio. . . t0
500 .. Chi & East Illinois..
4000 .. Chi Mil A St Paul...,
2700 . . Chi Mil A St Paul pf .
300 7 Chi & Northwestern.
4300 . . Chi Rock Isl A Pau. .
100 7 Chi R 1 A Pao 7 pf
mvv .. iiiuu v.upcr ........
400 l.fiO Chlno Copper
GRAIN MARKET
Chlcaro, March 11. There was a rush
by commission houses to buy corn this
morning and tho market was strong
Cffi rings were limited, until some proflt
taklng by lonirs was attracted. Str m?th
In rye was tho .most Important bullish
factor. Receipts were 160 cars
May opened at $1.48 to $1 48
aga'mit S1.48K at the end yesterdav.
and moved up to $1.4 9. July startcl
at $1 U to $1.42 and rose to $1 43
S ntrmhpr wnn nunterl nf SI 371A tn
$138 at the outset, against $1.17. "yes-!
icrnav a josi price, ana roo to $1 39
Thre was general purchasing of oat1?
by commission houses ea ly and the
market was firmer Offerings wore con
fined to profltnk'ng. Rcojlp's were th rty
flve cars.
May opened at 83 o to 83ic nga'nst
83c nt tho end yes'erday. July stnrted
at 764c to 76iic. against 7BT4c at the
tnd yesterday.'
Receipts of wheat hern today were
clgh' cars; nt Minneapolis. 200 cirs;
at ru'uth. ten cars, and at Winnipeg,
fifty-two cars.
300
300
400
600
110
4710
100
3(0
500
300
400
77)0
14700
Sid
309
400
8)0
010
300
300
2290
10 JO
2630
400
090
230
23i0
50)0
500
400
5)0
5)0
100
COO
Clov Cln Chi A St L. .
1 Cod-Cola . ...u
3 Colorado Fuel A Iron.
1 Col Qraphophone . . .
Con Interstate Cal M.
Corn Products Ref
Oft
42 ft
01ft
01
38H
?7ft
18 ft
35 ft
54
37ft
40 ft
48ft
lift
"ft
4
7 Corn Products Ref pflOSft
13 Crucible Steel -230
8 Famous Players-L ... 81ft
2 Gaston Wms A "Wig . 17ft
0 General Cigar (Oft
12 General Motors 328
.. General Motors ctfs... 32 J4
7 Gen Motors deb 7.. 80
U Goodrich BF 73ft
. . Granby Con M 8 A P. 40
i Gt Northern Ore ctfs. loft
7 Great Northern pf ... 81ft
.. Oreenc-Cananea Cod . 30
.. Gulf States Steel CO
1 Hupp Motor Car 15
(i Inspiration Con Cop. . 0ft
.. Intcrboro Con Corp... ft
.. Inter Con Corp pf.... 15
. . Int Agrlcul Corp .... 10ft
0 Int Harvester 130
.. International Nickel '.2
.. International Paper .. 83ft
.. Int Mcr Marino 30ft
0 Intr Mer Mar'no pf... 01 54
.. Iron Products Corp... 45
4 KcllySpg Tlra 123
8 Kelly-Spg 8 pf oo?i
2 Kennecott Copper . . . 33
New York Curb
FINANCIAL
Iklvidendn
COtfMEPCJAL ENGINEER
A eomnwTc'al .ririn-'r n w pmploed
by a ue muhi't-r n inufir-tur nc
"ompan, Um s . r r in Puiladi
O as r-o hi prorr tet? and
WAII 1, lllra tn .nr . , l.k ........ .......
..v.H u - ... x 'i' 1 " in, n'lIUM .veil-
ufa urine mmpany In
eta phrj ti
tl-at city.
Hv hod Oft. -1
rinenre era n . v
pally In Mtr' ml
machinery
Are 38 Mnrr -!
'ur broad en-
it nce pr'ncl-'.-am
power
A-7?l Lcdsr r Office
arc offering
. CoMem -Ih
Berlin Is
f'oloiriio 4
Diesilrn 4 Mn
Bremen 4'it
I.rlplc I'n anil Ah
llamlitirc ' tnd 4Vjt
Munldi It untl 4Vi
Morton Lchenbriich & Co.
UNI) TITI.i; 111.1)0.. I'JIILA.
Te Ssnicr 3SI Kar -iii-,o
New York Cli 1 1-1 D't-,t I'litshureh
Consolidated Inlcrstate-Catlahan
M.n.ng Company
01 Ilro ilniu. New York City.
The iinard of Dlrctor-i of Consoll
datrd Int-HTate Callahan Mini nit
Compan has th'a day declared a
reeu.ar furl dl derd of Two Uo.
lata t2 lioi per snare on lt oumtand
nir tap ta stock payable Fifty Cents
t 'i 1 . it
dlldnd to lie paid March 30th 11C0
to st tclcholdori of record on March
II l-i.'O Tho tranafer books will not
1 1 JSP
II. T. McMCEKIN. Treaurer.
Dated New York. Fcbruarj 17, 1020.
AULKItAlt CAIl 4. rOL'NDKV COMPANY
'.w YurU. Mil rh .( in in
...rtC.-. .!...: , ..t,::. --v,
Diwdmd No 7n
il y. April 1. in--". 10 stncK meters ot retord
1 at th close ot business Monda, Murch 13.
HUH
t heck win b ma'ia hy th Guaranty
rust Company of New York It r wick.
T'ust Compar
, Becretary.
Wc are prepared to
execute orders in
German City Bonds
HENRY D. BOENMNG & CO.
STOCK EUIM.h lit u.ntvri
Dlltt lrl '.' 7,lei"Iinr In New" ork
Meroberit I'lilla. Motk i:ilunre
H. h fipr.ivn
Treasurer.
A.MI.-RUAN CAIt 4 10 1 NDIU CO.MPANY
Sw York .March 3 1020.
pREFEnnuD i""irAL brocic
Olv'dend No Sj
A dividend of one 11ml Hirec-quarter ner
rent iH'iri-) on the prefi rred stock of this
cimpan has this day b-n dt-i lared. pay
hhle Thursday. April J. 1'ISO to stockholders
of record ot tho clos of business Monday,
March 15, 11)20
Checks w'll be mailed by th Guaranty
Trust Company of New York. If c. Wick.
Secretary. S H DRLANO.
(xranton Klectrlc ( o. Kt l!f.
j;iulliible llliiuilnatini.- Iu f.liiht
y.mvirt iu A. Fuel tt 4 foil, lr.
Jl l MMil K'r. t i (o Jt ltge
JiidlnnapoHii Tr 4 Tennliul
ohimlown Trufii'in Ciinii.ui ite
IMillxdelwliU K mil Tr nt.it Nt
Trrre 11 oti-. Indian ihiIU 4 l.itt'n
TonnirMowM K "h iron lt l.lirl.t
llnlteil f,ai Imtirouineiit furi"
J'hlliilelplil.i V eitrli nininv j.,r
IXoilMiroiiKh, Chrotntit Mill & Vnrrlt.
Samuel K. Phillips &
807 ( IIKYTM T st.
Sn, 10.17
tin, !.(!
.Ii. 10JII
103.1
11)11
1R
lot;
nil
I0M
JO
1D2(1
OFFICK OF TIP 'Viti-II f,.s UII'KOVU-
Ml'AT CO
N". W. for. Ilrr-il and Arrh ts.
Phllsd rhn March 10 1(121
The r)lr-ctnr t-n "il day dec'ared a
cuarter'v dlMrd ' ' r-r cent (I 00 per
(.are' pavnhle nr1l H 10-J0 tn stockhold
ers of r'cord n' the - of hutinesa March
3! l')20 Cheeks will b mnlld
r w stnnnis.
Trtasiirer.
Co.
TAX RETURNS
I. Franklin Howard
Mccounfant
fhsnei Bpmct S'JIl 1123 Land Title Hide.
TIM' !'! OF P nr.fTOim OF THF.
Chelti-ii Hills Cemeti-M Co . nt Its meeting
Y d nr v.'rurv 11 mid declared a dlv.
d"nd of slJttv p-i nr ihire to stockhildrs
of record on Mi'irli in l"ii pavibln at nfflce
of tie ahove company lVfl Arch st Phila
delphia. Pa ori and nf'-r tald date
v II. F KOHI.T1KHO.
Treasurer.
neclnl Nnttre
INTERVIEW WANTED
WITH BUSINESS MAN
by n man of 10 who h in hull mer 20
jffir rxnrrienie In maiiufiicliirlinc mid
srllliie. Ulobe an nuportunlt lo In
crease. Lis nirnluic iwuvr to mer SIO.UUO
ywrly. V S7U, IdKrr Olllie.
NOTICH IS iii:i(i:iiy C.IVIV THAT thk
quarantlnn whirh has l-en in force at the
I atrn Htite ! i Itentlary. on account of
thi- epidemic of Inll'icnza. has been lifted
jtrllnl""" '" "" ' ''' bo resumed on fiundiir
net. Murili 11 I'rJO.
Warden.
March 10 1"2n
Ae'nn ctfs
Allied Oil
Ailed Packer
Amor Safety Itazor ...
Chalmers
Clt Serv Dkrs ctfs....
Cosd'n &, Co
Cramp
Curtlis
0n Asphalt
(I'lletto Hazor
Ollllland Oil
DlSlt'uml nrcf
Glenroclt Oil
Houston Oil
Inter Petro eum
Invlnclbl- Oil
Is, an'' Ol
I-eh Valley Coil Sales.
Mac a Copper
Me-rltt OH
Midwest llennlnir
Mother Lode new
Nat onal Oil
North Amer I & P. . .
N Y .Shipbuilding-
Ohio llody
V erleis
Russian KM a
Kusslnn HVi a
simms Pet
Submarine
Tobacco Prod Vx ....
Union Carb
United Mines Mexico
United Motors
United Hetall Candy ..
I'nltod Verdo Ext ...
White Oil
Woodburn Oil
Bid
: 8
no
'. lji'i
. 40
. HM
'. 'h
. ni
.171)
. 41
. 00
. Vi
.110
. en
. 34
. 4",
. 2
. 30
. "n"!
.101
: SJ
In?"
. 2n
. 40
. n't',
. si
. )',
. m1
. IN
. 70
. 1
. 40
. 14"j
. 30
. 2'1
O'i
Ask
0
11
iiiH
n
170
ii
!4
ISO
41
OS
3 i
IIS
71
3d
.1
00
,T
204
170
.1
41
32
44
t
M ain
1I!1
20
711
flo
IS
.10
8JH
HID 1.20 Kcyatono Tire & Rub 31U
110 a Lackawanna dtoel , 74 li
700 3. JO I.ehlch Valley 7
100 .. Jjiko lurlo & West pt. -334
100 .. Marlln nockwcll tmn
2in .. M"xwe 1 Motor 30 J,
300 .. Maxwell Mot 1st pt.. SOtt
25JJ 10 Mexican Feiroleum 180J4
390 3 Miami Copper Hi
IS i 1 .20 Mlddlo States Oil
3594
87i
130
7M
13SJ4
H
2
IV
low
7?i
33 Hi
ss
80 ,
lil
to
0
41
C3H
01
38
tm
.ft
9
37 H
10ft
m
' Ys
83 H
230
80
I0H
0J4
318
31i
80
53 H
304
0
80
35 Yz
18J4
14 U
iW
Vt
i94
I0W
129 H
J2H
b0?4
m
OVA
43H
22
09 ?4
314
30
13 ?4
7
33
COW
20 J4
M
ibSKj
-3W
35
11:30 Net
Close Chit".
S3?4 N
tow ...
412
813
00H 3W
R1W W
lie
47W m
111W iw
47
1K It
33 W '
107 IW
48 W
8K W
83 U- W
10 U 1
106 1
38 134
C7
40
1333 -H
3W IN
0W- H
28K ay
7W W
eo H
to l
soH- H
120
37M
13W
3W
02 4- W
m- j
low ..
35W-
BIH W
M W
80
141 3
0 W
6W
W 2W
00 j,
01
3034- 3i
7W ..
18J4 3
: yK
51 i3
:i7W W
40J4 w
8W 1
ifW- w
3W 134
105W- v
2303
S1J4 2W
H 34
335 -11 W
3334 34
80 34
"W ..
403
30W 'A
80 W
30 IW
10 1
U34 w
-0M W
H 'A
134 W
10W W
12034 W
334 W
8134 134
OH- W
1W IW
151
123 3
0034 A
31 W IW
30 W 14
73J4 w
17
W34 W
cow ..
3034- W
55 ..
ib8W 34
-I3W W
35
Sales
1400
200
240
400
18(10
100
200
0(0
1100
200,
200
200
200
300
1590
600
100
200
200
5500
1200
200
000
800
300
300
300
000
1103
390
100
B 200
2000
2500
2700
It 0
53)0
1300
300
300
300
100
100
400
1200
4000
7600
300
1100
104
5000
200
22.10
1200
05 id
800
851'
1400
200
70
2S00J
500
800
8000
20-0
100
10 J.I
4oon
400
7JU
1100
000
4500
12U0
100)0
200
0090
4C3
4S0J0
400
1700
COO
200
10U
800
400
100
400
COi.0
200
1U0
1590
25j0
100
2100
DIv.
In I
4
High Iw
Mldvale Steel A Qra.. 48J4
.. Minn A St Ij new 18ft
7 Minn St P A S St M. 77
.. Missouri Kan A Tox.. 1034
.. MlBBourl Pflolflo SOW
.. Missouri Paclflo pt... 734
3.50 National Acmo 36 W
.. Nat Aniline A Chem.. C1H
.. Nat Conduit A Cable. 11
0 Nat Enam A 8tamp. . . 78
0 National Lead 83 W
.. Nat II n of Mex 3 pf 34
1.00 Nevada con Copper. . 1H
10 New York Air Brako. .10634
5 Now York Central.... 77W
.. Now YorkC&St L... 3W
. . N Y Chi A Bt Ij 1st pf 63
5 NY Chi & St Jj 2d p 40W
3.50 New York Dock 3034
.. New York N II A H.. 3034
.. Norfolk A Southern... 26 W
7 Norfolk A Western... 00
7 Northern Paelflo .. 83 W
5 Nova Scotia S A C... 01 W
4 Ohio Cities Gas 4534
.. Ontario Sliver Mln... 8W
5 Otis Elevator HOW
.. Otis Steel 31W
.50 Okla Prod A Itef 334
1 Paclflo Mall 35H
.. Paclflo Mall pfd 48
0 Pan-Amer Petro 00 W
0 PaniAmer (B) 03
3 Pennsylvania RH 43 W
.. Pero Marquetto 3034
3 Philadelphia Co ... 18 ft
.. Plcrce-Arrow Motor . 03
.. Pierce Oil .... 10W
.. Pitts O C& St Ii SOW
.. Pittsburgh A W Va.. SOW
1- Pond Crek Coal 1034
8 Pressed Stol Car 08
8 Pullman H8W
5 Punta Alcgre Sugar.. 83
3 Hay Consolidated Cop 10 W
0 Republic Iron A Steel. 07
4 Reading 8534
2 rtoadlnt 1st nf 3
Reading 2d pf 3434
Rcpub Motor Truck ..4o?4
Royal Dutch N Y....101W
Savage Arms 68
. Saxon Motor 17
74 Shell Trans Trading.. 81W
5.20
0
Sinclair Consol Oil.
4.W
Sloss Sheff S A 1 70
Southern Paclflo 10134
Southern Railway ... 28
Southern Railway pf.. 58W
Stromberg cam csw
Studebaker 00
Stutz Motor 13334
Tfinn Cop A Chem.... 11W
10 Texas Co 100W
. Toxas A Paclflo 1834
.. Third Avenuo 14
a Tobacco Products .... 70 '
Transcontinental Oil.. 27
5 Transuo A Wms Steel 58W
.. Union Oil 34
10 Union Paclflo 125 W
13 United Fruit 203
3 United Retail Stores.. ;CW
2 U S Food Products.. C8?4
8 U 3 Ind Alcohol to
BUS Realty A Imp.... 40
8 U S Rubber 108W
0 U S Smelt & Ref 70
u U S Steel 101W
7 U S Steel pt U3W
0 Utah Copper 634
.. Vanadium Corp 51
4 Va-Carollna Chem ... 71 34
.. Wabash 034
Wobash pt 29 W
Wells Fargo Exp 50W
Western Maryland ... 11 W
Western Paclflo pf. . 01
Wcstlnghouso E A M. i3J
Wcsttnghousa A Br.. Ho
Wheel A U Erlo pt... 21 54
White Motor 8
WIIIyB-Overland .... 25 W
Wilson A Co 73
Worthlngton Pump . . 82 W
Ex-dlvldend.
4
4
7
4
1
3
18
77
1034
30
4734
86 W
61H
10H
70
83 W
34
IBM
106W
77
35W
63
40 W
30W
35W
20
88J4
83iJ
01 W
W
HW
138 W
30W
'
35 W
48
SOW
00W
43W
20 W
8
01
1834
80
30
1034
08
118W
81W
low
00
81W
33
34 W
4034
00 w
67 W
1034
80
41
:W
100 w
3W
8W
17W
0534
131
1034
184
8W
14
18W
W34
8W
3W
'2434
200 W
JW
10
0
48W
10734
lW
100 W
I 3W
70
SOW
7134
034
0
:ow
aw
cow
.3
100
-'134
734
5W
73
81
11:30 Net
Close Clure.
48W y
18
77 3
1034 Vk
30 W
4734- K
sow ... .
61H M
10H- Y
76 V
83 w y
34 H
1534 34
W w4
38W W
s a
40W m
30W 1
35 W K
20W IH
98J4- W
82W
61W 34
45W W
8W ,
138 W H
30W- W
&3 W
35W 2
48
00 W- Vi
90W W
3W- W
20 W- W
88 - 34
01 W
1834- W
80 W
30 W
1034 w
8-34
118W ..
81 W W
low ..
00 94
84W- W
33
31 W W
4034 94
101 W 94
08 IW
io4 34
81W 134
43 34
75W ..
101 w
W 34
8W W
C8W 3
88 3 '
3534 94
11(4 W
05I
834 l
U - W
il
7634 W
58 W W
3J4 34
131W H
300 W 94
W 94
C7 - 1
K7W 3W
101
108 1
701
loow- W
II3W 1
;ow 34
5014 ..
7134 114
034 ..
20W W
60 W 1
11 W W
01 IW
334 1
lio W
J194 34
734 J4
W ..
73
81 IW
Philadelphia Markets
FOREIGN EXCHANGE
New York. March 11 The foreign
exchange market opened Htrong in spots
and there was oxcitcil e.irly bidding with
moat exchanges being highly erratic.
Sterling cables ranged from 13.70 to
1 3.00
Firsts sales wero at the following
figures-
Demand sterling 3 82i. cables 3.83;
frnnc cables 12 80 iheck- 12 82; llro
cables 17 20. ch. cl;s 17 22; Belgian
cables 12 30, checks l.'IJ, Swiss cables
5 80. checks 6 82, guilder tables SGi.
checks 3Gi; pri,tas cables 10.00,
checks 18 05; Copenhagen cables 17.36,
chicks 17 20- marks 1 fil
Yesterday's rinil quotations
at5rJLn? ?r"nc Mre Oullders
Demand.... 3.7.144 1.112 17.72 SV4
Cables 3 70 13 10 17.70 3d
Today's Onenlnr (InoUitlons
airninw i riirr i,trB Qui derii
Demand
Cables
3 fiH'4
3.83
12 (.J
1.' bO
PROVISIONS Quotations: Beef. In sets,
smoked and alr-drled. Suo: beef, knucliles
and tenders, smoked and air-dried, 51c, pork,
family, 02c: hams, H. 1. cured, loose. 27 W
2Uc. do, skinned, loose, 2420o: do. dc,
smoked, 2i)&'.Bo' hams, bollod, boneless, ,10c:
plcnlo shoulders, 8. I', cured, loose. 20o;
do, smoked. 21c: bo. lies. In pickle, loose,
24c: breakfast bacon. 32c: lard, 23Hc.
CJIKCSB Quotations: New York, whole
milk Hats, held, fancy, 2',i O30c; specials
h.Khei. held, fair tc nrood, 2W W20c: cur
rent make, nominal; Wisconsin whole-milk
flats, held, fancy, 21) H 3uc: fair to sood,
I'h1 ii .'lie; Jobblne sales of fancy held coods,
3233c.
1- .TIIY LIVE Fowls, lino fat, 300
42c: do. Inferior. U03sc: brolllne chickens,
fancy soft-meated, nclshlnic Hi IP 2 lbs.
apiece, DS&eUe, sprlne chickens, average
Bott-meated, 40042c- Inferior, 38030c;
starry jouni: romters, Stiff 32c, old roosters,
L5U2Uc. ducks, whltn I'ekiD. Hlllc; do.
Indian llunner 4t)tC42c, do, Muscovy, 30
HIV turki'ju IOW45c, pigeons, per pair,
53000c.
1 IlKSlI mi ITS Apples, per bhl., as to
quality, !4&U,'0. do. per box, J204 25.
Cranberries, per Lb)., 4&8 Oranges, Flor
Idn per box. J3.71W8 10 Tingerlnes. Flor
ida, per H-box, $3B 23 Urapufrult, Flor
ida, per box 31.or.tcl t to. Strawberries,
Florldu, per quart. 113080c
VEUKTADLKS Whltu potatoes, per cwt.
S3&3.40. heet potatoes, southern, por
haim r, S1.15UJ25 i'o. Jcrrey. per basket.
$1.B01K3 Cabbace. N, Y Danish, per
ton 75M; do FlorHt. per hamper. 2.r,0
02.73. Onions, per 100-lb. sacks Yellow,
no. i touiu.xo; oo, :o ., u.&utQ'i.DO.
LONDON STOCK MARKET
Gilt-Edged Section Flabby Further
Liquidation In Oils
London, March 11 Although tho
stock exchange was good today, tho
markets wero mixed The turnover wus
light. Tho gilt-edged section was more
flabby, having been chilled by prospects
of an Impending rush of municipal bor
rowing at 6 per cent Interest.
There was further liquidation In the
oils, Shell Transport wa 10 0-16, and
Mexican Eagles, 10 13-16 Tho Indus
trial department was checkered.
Homo rails were Arm and tho shares
of Argentine rails rallied
33I
8A
33K
MONEY-LENDING RATE8
NEW YOHK Monrj on call opened
today nt 7 per cent for lending and re
netting. I'lm.ADlU.rillA-Oall 6 per cent;
time, 6 per cent , commercial paper,
three to six months, 6 per cent.
Reserve Banks' Discount Rates
Tho first column giiea rates for all
periods up to and Including a fifteen
day maturity, the Becond for a period
of slxteon to nlnct days. The third
and fourth columns gno the rates for
discounts for collateral loans secured
by government bonds or notes
Com'l rP"r Govt, paper
1(1 to (10 10 to V0
l inn j s ajys lo days days
tnntml Meetings
Hecker & Co.
Bankers and Brokers
Mtmbere of l'hllsdeipnla and New York
Stock Exchanges
N. K. OK. Ill AM) Ulr.MT MTH.
Till: nOChllll.I. IRON NT) COAL CO.,
431 Chestnut Street
1 no .nnurti i iiiik in nil niucunofaers or
this i"mpany und an i taction for a Hoard of
p.rertori to erve fur the ensulnc year, will
b hM at th- offle of en'd Company, on
lliursil.iy. .Murth IHth. 1020. at 11 o'clock
H SI. COVINGTON.
Secretary.
I'roposols
1-idelity Irust Lompany
Utmber Federal Iteseix., Mtei
Capital $5,000,000
Surplus $16,000,000
Downtown Olflfei Uroail Htrf't Oftlfel
VSS.1I re-tnt St. N. B. Tor. nf
4 " VhotI'i Ilri"i1 ' r-.lnnt
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
jais nn.tr, kstath trust ih.uo.
lnrstl;t nnd ndjust partnership and
rornoratlon orcounli. Alo prepare u. a,
'nrctne Tax Krliirns.
Utes
IIKIMIITMKNT 01' I'L'IIMO tVOIllM
Iturrau of ( It I'roiierty
1'nliadelphU. March t), 1920.
Sealed pronomls will he received In lioom
210 l Ity Hall, until ll: u'clock noon on
luesday. Murch S3, 11)30, und opened at that
I time In sama room, for
1. The l'htladelnhla .Hind City Hall
1'luin Heason of 10S0,
2, Ah Hoist Woutlieast corner City
Hull l'ltua,
Tontractors will be required to comply
with tho Act of July 111 1I"17. relative tn
Workmen's Compensation Insurance, and
proof must be furnished the Department by
said Contractor that he has accepted tha
provisions of said Act and Insured his Ha
litllty thereunder or secured exemption
I'or information and full particular In
qlr. .1 noorn UDCijf 5f l.IN
Dlroetor,
lloston H il SH
V.-tt York 0 1 5M
1'hlladelphla 0 fi St4
Richmond 0 stf
Cleveland 1 1 5'i
Atlanta H ll 5tA
Chlrufo I il nt,
Kt Louis i n nij
Minneapolis tl 'I zVt
Knnsns City .... tl t) .
Pallas il il at!
ban Francisco . . 6 0 5H
Hates on outstanding fertlfloAtnn nf In.
debtedness rontlnuo unchanged at 4 per
cent.
DIVIDENDS DECLARED
Tlarnhart Ilroe i. Bplndler, quarterly of
14 per cent on first and second preferred,
payable May 1 to stock sf record April lilt.
Standard Screw Co , quarterly of fl per
cent on common, nm tibia April 1 to stock
of reccrd March 15,
II It Miitllmon Co tiunrterly of li
per cent on preferred, P4yble April 1 to
stock of record March 1".'
Hepublic Trust Co uuarterly of 114 per
rent payable April 1 to stock ot record
March 20.
Associated Dry Goods Corporation, quar
terly 1 per cent on common also quarterly
lli per cent on tlrt preferred and 1 per
cent to second preferred Common la paya
ble May 1 to stock of record April 3 and
preferred June 1 to stock of record May 8.
Glrard Trust Co.. quarterly 0 per cent,
payable April 1 to stock of record March IB.
Yadkin Illter lVjwer Co., quarterly er
rent on preferred, payable April 1 to stock
holders nf r,rnri1 Manh Ifi T
., . . ...... ... ... Ml,
GOVERNMENT BONDS
Did
Panama coupon 2s. 1D3H 100
Panama registered 2s. 1M0 too
Panama coupon 2s. 1033 loo
Panama reslstered 2s 1HJS 100
Panama coupon 8s. 10U1 88
Panama registered 3s 1001 .... HH
Philippine 4s. 11)94 no
Ph llpplne 4s. lim oi)
Phlllpplno 4s. luau no
IT 8 Govt coupon 2s unit . . . 100W
U fi Govt registered 2h 1030... 10114
u H Govt coupon 4S Ill.'ll ..1011
Tl a Govt registered 4s lii'J.1 .11111
Dlst of Columbia 3 5s n.'4 ... 07
Ask
ini
lfll
mi
101
01
oi
nn
05
OS
101
lot
men
10(H
LOCAL STOCKS
MOVE UP AGAIN
Philadelphia Stocks
U. G. I. Made Further Recovery
on tho Assuring, Divi
dend Action
SENTIMENT IS IMPROVED
Liverpool Cotton
Liverpool, March 11 Spot cotton waa
nulct today, with prices steady on tho
basis of an advanro of 17 points for
middling at 28.10d. Tho sales were
4000 bales. Thero ttero no receipts.
Futures wero easier In the early doal
inus. Spot prices wero: American,
middling 28.10d; low middling 24.80d;
good ordinary 21 60d und ordinary
20.00d.
LIVESTOCK QUOTATIONS
Pittsburgh. March 11 HOGS Receipts,
innn head. IIlKher Heavies. J15&10.10:
heavy yorkera, 111) TnJPlil light yorkera,
lin 2IMtv 10, in; ink .it tiiivi.i.
BIIBKP AND IAM11S Iteielpts. BO head.
Steady. Top sheep, 115 Bl), top Iambs. 120.
CAI.VE3 Receipts. 30 head. titeady.
Tpp. HO.
Chlcaco. aiarch 11 HOGS Kstlmated
receipts, 32,000 headi left over, 0017 head.
Market openlne about steady, trRrly demand
centered In light butcher hoss, lis BO paid.
Qualltv mostly good Average cast yester
day. $14.70.
CATTLE Estimated receipts, 14,000
"llEBr Bstlmated receipts, 10,000 bead.
Today's Range In Liberty Bonds
?' ... . . Uil5
nun
Lib Bond aVja... 0(1.20
Lib Bond 1st -Is. . 00.80
Lib Bond 2d -Is.. 80.58
Lib Bond 1st -ls 01.30
Lib Bond -'(I -J'Ah ihmh
Lib Bond Ud 'VAa 03,10
Lib Bond 4th -JUs 00.14
Victory Note .'ls 07.40
Victory Note -iB 07.44
Low
Dtl.i!0
00.30
80.B0
01.00
80.04
03. 04
00.10
07.34
07.38
a. m.
00,'JO
00.00
80.ri8
01.30
80.08
03.08
00.14
07.34
07.88
While tho price chances were small
tlic tone of tho local mnrltet was tie
cltledly stronR. The tratllmt likewise wnn
ifenerally in umnll lots hut showed a dis
tinct broadening tendency. There wns
a larger number of the local chures dealt
In during the early transactions than
has-been witnessed for some tteeks. The
temper of Kentlmcnt altogether wna n
great deal more cheerful, yet on nil
sides there wps u disposition to go slowly
until the money market conditions show
more reliable nignH of easing.
United Oas Improvement, benefiting
by the declaration of the regular quar
terly dividend, and the utatement of
several directors thnt nt no time wns
tbero nny consideration of reducing the
rate, made n further recovery, In nil
yanc tig to 48, on over-nlght gain of
Vt. Philadelphia Electric was a shade
better nt par. nicrtrlc Storage Buttery
continued firm nt 120. y
Pennsylvania Railroad continued In
good demand as result of the much bet
ter feeling manifested toward ull tho
railroad stocks. This wns further indi
cated in nn udvnnrc of 2 points In
North.. Pennsylvania Kuiroa , " ' i"
from the previous sale on limited deal-loss
Financial Briefs
The New York stock ixehano-o ,
admitted to tho list Central anTso'uth
American Telegraph Co. temporary cor
tincatos for 122,901,400 par value can
Itnl stock of American Cables, Int CoT
solldated Textile Corpo.atlon ternpom?y'
Interchangeable certificates for 110 000
shnres capital stock. Kelly SnrlnirfleM
Tlr-fCo, 700.000 additional Miffiion
Leonard It. Klnnar,i Vino !,. ...
soclated wltri tha bond department of
m anu x ui tiur,
Tho New York Subtrcasury lost $12.
726.000 to tho bank vestnrrtnv liV.
& SnoCash not l0S3 Blnce i'rlday of
"IVVi
Bank of England Statement
London. March 11 TIia wnwi ui,.
mont of tho Bank f Unglund bhows tho
following chances: Tntni .u..,. i..
creased 059.000; circulation Increased
n,iu.,vuu, uuiiiuii uicreasea t-.sui,448'
other securities decreased 275,000:
public deposits decreased 3,884,000
other deposits decreased 8,072,000
notes reserve Increased 707,000 : bov.
ernment securities decreased 12,333,
000. Tho proportion of tho bank's re
serve to liability this week la 21.62 por
cent; laat week It was 19,16, The dis
count rate Is 6 per cent.
. lURb
20 Am Strs. 45
10 do prcf. 03
40 fBald Lo
prof ..100
05 El Stor.,120
20 In Co N A 20
287 do war. 7
5 Key Tl pf 34
COS Lk S Sor. 20 V.
lOLeh Nav. 03
85 Leh Vol.. 47',
50 Nor Pa. . 83
304 Pa B B 43
10 Phtla Co
cum pf. 35
105 Phila Elec 25
130 Phila B T 23
500 tHeading. 85
100 Tono Mln 2ft
tllil U ti 1. .. 411
11:50 Net
Low a. m. chtte.
45 45
03 03 . .
100
120
20
&
20
02
47Yf
ml
43
100 1
120 ..
20 - Vi
47V...
43
35
23
85
ojt
181t
23 .
85 i
U --!
50 tWcst El 53 53" 63Tl
tNer ohanir; midc in comparison with laat
salo on New York atock Uxchanite.
Net
chge.
?fASXln HONDS 11:50
2 Con Trac N
J LI & Pco
Tr4s ... 01 01 VI 01V. U
3 Leh V gn 4s 71$ 71$ 71$$
4 IJrnna gn 5s 80 80 80 I
2 Philn Elec "
2WNY&Pa0,j yj '-"
gou 4s ... 03 03 03-j-
Expel Marcu8e From N. Y. 'Change
New York, March 11. Announcement
was madi on tho stock exchange this
morning that Bruno Benjamin Marcuse
has been expelled from membership In
tho exchango for misstatements on ad
mlsslos. Mr. Marcuse was admitted to
membership In the exchange on De
cember 17, 1914, and Is a member of
tho firm of Marcuse and Co., of Chicago.
BAR SILVER
Bar allver suffered a sharp drop In
London today, being quoted at 69d.
a decrease or Cftd,
NEW YORK COFFEE MARKET
.. 1PW York! March 11. Continued bull
liquidation In coffeo was In evidence
again thin morning nnd opening prices
wero 30 to 3Q polls below the close of
yesterday.
There, appeared to be more or less
uncertainty as to conditions in Brazil,
no official cables being received up to
tho hour of opening the exchange here.
Some very low resales of Victoria 7a and
8b wero reported In the cost and freight
market at lSfto sterling exchange.
yi." "
July ,,,ii ,. ,14, 44
September ...,,,,,,..,.., 14.25
December ...,..,,,,,.,.' H.SQ
me,,
14.S5
14.48
14.23
I..
NO WET ISSUE FOR HARDING
Republican Aspirant Talka Prosper
ity for Commerce and Industry
Denver, March Jl. Thero will bo no
return to pre-war conditions In Indus
try nnd commerce, Senator Warren G.
Harding, candidate for the Hcpubllcun
nomination for the presidency, asserted
In an address here last night. lie added
that the new conditions arahern tn Ktnv
but said that the cost of living could
be lowered considerably by economy by
the government nnd thrift by Indi
viduals. Mr. Harding said prohibition was n
settled Issue for tho present nnd
that there was no chance of cither
party'H making a modification of tho
eighteenth amendment u plank In Its
platform.
SALVADOR JOINS LEAGUE
Venezuela Only One of Thirteen
Neutrals Invited Still Undecided
San Salvador, March 11. (By A
P.) Tho Congress of Salvador todav
ratified tho executive decree under
which Salvador becomes a member of
iue j-njufc'uo oi Nations.
A recent list of neutral nations In
vited to become members of rhn lnD
showed that al but two of the thirteen
nations, non-signatories of the Ver
sailles treaty, Invited had definitely ne-
rontf.fi Tim nnltnn mat. fa1 V (,..
...... v.. mu W..WVM iivii mncu uy QUI-
vador leaves Venezuela as tho only un
certainty on the Hat.
Dr. Antrim Gets City Appointment
Dr. Harold T. Antrim, son of Clar
ence D. Antrim, former select council
man, has been appointed assistant chief
resident physician at tho Philadelphia
Oencrnl Hospital by Director Furbush.
Doctor Antrim was In France as a first
lieutenant In the Ninth Company of the
Twentieth Engineers., He was trad
noted with honors from the University
of Pennsylvania I n 1017. HU appoint'
went 1 provlslounU
Republic of France
Progress in tho recovery of Prance from thn
World War has already given fresh evidence ol
the characteristic vitality of the French people.
,Wo are receiving subscriptions for account of
tho French Government to
The New French Internal
5 Loan of 1920
ficdccmoblo within 60 yeart? by aeml
annual drawings beginning' September
16th, 1920, nt 150, which Is equivalent
to 1500 francs for each 1000-franc bond
Subscriptions are payable in dollars at the rate
oi? exchange fixed each day by tho French
Financial Agency in the United States, which
is based on the closing rate of exchange for the
previous day. This price will bo announced
daily in these advertisements.
Price Today $75.76 per 1000 Franc Bond
At tho normal rate of exchange tho cost of this
bond to the American investor would be $103
Our interim recoipta calling for temporary bonds of
tho French Govommont will bo issued against payment
in full in dollars.
BROWN BROTHERS & CO.
Fourth and Chestnut Streets
PHILADELPHIA
FOREIGN INTERNAL BONDS
Wo hnvo 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
Wednesday Closlnc Frlee at Tar
Prices Exrhanre Normal
Belgian Govt. Restoration 5s $79 per 1000 frs. $193
French Govt. Victory 5s 70 Vi per 1000 frs. 193
French Govt. 4s of 1917 58 per 1000 frs. 193
British Govt. War Loan 5s... 348 per 100 486
Italian GovtConsoIidated War Loan 5s 51 per 1000 lire 193
Belgian Govt. New 5s, 1920 $79.20 per 1000 frs.
French Govt. New 5s, 1920 72.99 per 1000 fn.
Wo are prepared to givo information concerning these nnd
other Foreign Securities and invite correspondence on this
subject.
EDWARD B. SMITH & CO. ELKINS, MORRIS & CO.
Banker Banker
1411 Chestnut St., Phila. Land Title Bldg., Phila.
Money Invested Now
in preferred stocks issued by well
established manufacturing companies
earning several times dividend require
ments, will earn substantial profits when
interest rates become normal.
We have a carefully SELECTED LIST of pre
fered stocks
Yielding 8
which we can recommend to the most con
servative investor.
Ask for Booklet No. P. P. L. 357
Hollister,White & Go.
INCOf.POf.ATCO,
Boston
North American Building
PHILADELPHIA
New York Sprlntrfleld
I'rovjdencs
1812
1920
THE
PENNSYLVANIA COMPANY
for Insurances on Lives and Granting Annuities
The Internal Revenue Bureau' has assigned one of its
representatives to the Chestnut and Juniper Streets Office
of this Company from March 4th, 1920, until March 15th,
1920, for the purpose of assisting the public in making up
income tax returns.
CHARTERED 1838
GIRARD TRUST COMPANY
BROMD and CHESTNUT ST8.
CAPITAL AND SURPLUS, $10,000,000
Mots as Executor, Trustee, Guardian and Mdmlnlitrat
Interest Allowed en Dopeelts
Member of Federal Reeerve System
E. B. MORRIS, rrtMet
h
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