, 1 fi,f'. r K 1 EVENING PUBLIC UEDGER PHILADELPHIA", WEDNESDAY, MARCH 3f, 1920 IS J k 11 t.'Mt 4 1. BONDS Long and Short Maturities United States Gov't Foreign Government Municipalities Railroads Public Utilities Industrials also Strong Industrial Preferred Stocks TkNationalGiy Company Philadelphia 1411 Chestnut St. Atlantic rlty t'hnlfonte Block 1223 Boardwalk Correspondent OtDcea In over CO Cities MORE FIREWORKS NEW YORK STOCK EXCHANGE TRANSACTIONS N POOL STOCKS Violent Fluctuations in Closely Hold Issues Had Every body Guessing Bonds of Foreign Nations IVe havo prepared an interct ing booklet describing Internal Loans of FRANCE BELGIUM ENGLAND ITALY which can bo purchased today at prices to show American In estir u rossible profit of from 40 to 200. Ask for Booklet L 90 A. B. Leach & Co., Inc. Investment Banker 1 15 South Fourth St New York, March St. Another sprr taeulnr exhibition of pyrotcchuics by (ho so-called pool issues had the majority of trading element on the nnxious bourn during the greater part of the vrsiou of today's stock market. The ilolent pyrntinni of these speculative fontluIN had everybody guessing just what would happen next. While foine of the lesser pools and speculative combinations showed u disposition to follow the lead at different intervals wns found alto gether ton fast, and tin pnec too nipid to remain long in the came. Instead, therefore, of fanning the blaze of .pecu lativo cuthtisoasni, the fireworks in the pool issues had a distinct sobering in fluence upon the trading in the general list, which pursued nn uneven course with altcrnute flashes of weakness and strength. Altogether it was n repetition of the tumultous session witnessed on Monday, with about tho same issues nmipyiug the center of the stnge. The big show began with a sensational jump of lSla points in Crucible Steel nt the outset, carrying that specialty to n new high .record nt 2.V5. This was Inter supple- ! tMnnlnd 111- nlmtkilH 4fllViiiii I t Il1lOtfl 1 JilVUlt-ll WJ 4ll't 111 I JtllllUi'M ' 111 MVU' !' Motors to the tune of 10's points, nlo establishing a new high record at 410. Not to be outdone, the Mexican Petroleum crowd sent their pet snaring to SOfl: then Baldwin Locomotive was groomed for nn up--hoot of l'i points to 143. In other selected industrials theie were gains of 1 to over 5 points-. A sudden flop in General Motors to .IS.", or 25 points from the higgli and IS points In Crucible Steel put a different nspect on the splurge nnd there wns naturally a general scramble for safety. wmen, with the extensive realizing can celed much of the morning gains. Trad ing, however, diminished on the reac tion reflecting the complete professional caliber of the market. NEWBURGER, HENDERSON & LOEB Members New York and Philadelphia Stock Exchanges 1410 Chestnut St. FOREIGN INVESTMENTS Complete information furnithed reaard- and Corporal Jtsues WE OFFER FOR SALE AT CCRRENT KATES l.N AMOUNTS TO BU1T 1,000,000 Marks fltr of Munich 4 Bonds 1,000,000 Marks City ot Hamburg 4V4 Bonds 1,000,000 Mark City ot Uerllo 4 Bonds New York Bonds High ISAlask Gold A... 20 IGAlask Gold It... 15 ft Am T & T Cs.. S2 2 AraT & Tct4s. 77T 12 Anglo-Kreuch 5s. 07.0 Low 13V4 l.'i.. SIT's 77 "v 1(7 sut t 100 A10 too 7.10 2V ijo .1110 100 7pn too nao 290 too 1.0D 700 4SJ0 into 010 -oo 200 1)0 .110 Mi 1I7JJ 11103 .T.'OO 700 190 i no 400 .100 '.'00 200 100 111V. ml nich Adnms tCxpress 3VS .. Advance Uumeiy "' u AJax Itubber .. Alaska Oold Mines . . iY . . Allla-Chalmcrs 3g 8 Am rtect Suear &?i 10 Am Uoscb Magneto ..HOW . .-..1 .... An i'. 7 lit d0 7 A e 3 o Am Can H Am Can pf Am Car & l-'dy llVi Am Car & Ktly pf ... US Am Hide- & Leather .. IS Am Hide & Loath pf..HBW Am leo M& Am Internal Corp . ...103Ji Am Linseed Hfc Am Locomotive i0.Y Am Shin & Com ?' Am Smelt A net .... "; 7 Am Smelt & rtcf pt . . on 4 3 Am Steel Foundries .. iYi Am Sugar Kef ,3J 10 Am Sumatra Tob ....101 8 Am Tel & Tel 0) Am Tob Sec temp ctfs. CRH 7 Am Woolen l3 Anaconda Copper .... - 20 Am Tobacco Jfi' Ann Arbor ' .. Asso Vry Goods 4SH Atch Top & Santa Fe. 8?t 6 Atch Top& S Fpf ... , 7 Atlantlo Coast Lino .. ST 10 Atl Culf & V I S S..1C2 Atl llcflnlne 3tVS 43 V4 7)1 :Hi U0 tm OS M0 IIS ?RH 117 Cl 100 tiVs io: S3 r,7H oni, 48 130 103 tt 07 Vi 111 133 e: !4 scs 14 4SH B4H ;n ffUi 101 H 83HI0 3.10 Baldwin Locomotive. too :i00 i no too 3500 10.1 0 100 403 ;po 1100 31 '10 400 no 103 H33 '.'Kl 330 1 13 340 ,(O0 30 000 .. 1100 .. 13 0 .. 100 7 4SJ3 .. 1)0 0 2M 7 400 8 20)0 .. Hfl U 11394 lsH 143?i 13 1 lu 7 10 c 8 7 Arm & Co 4s 824 S2V. SS . . ..... . ' . .' ' - iwAT&st njsgn 4s (TV. 2 A T & S Fe aj 4s Of) 3 Atl C Line ct 4s. OS 18 Bait &. Ohio Us. SG?3 2 Halt & Oh f!... (UK 2 Bait & O gold 4s 64 2 Bait & Orv ti'.s. tll 7 Bait & Oh 3js. 8.'?'. 0 City of Mar Us. 811 5 City of Lyons t'.s SO VI 5 City Bordeaux Gs 00 22 City of Paris (V. Sfj "'i Otl OS 6.G 64 Ji 04-4 04 "4 Wli SO S0.i 00 so; ;-vlljr oi iuris "s. jmii Oif-t 1 dies V O cv 5s. 70 1- 70 4 Chcs & O cv 4i.") 73ii 7SM fc- i FOREIGN EXCHANGE 3, In our book, "The A. B. C. of Foreign Investment," wc have endeavored to make clear to the lay mind just what is meant by Foreign Exchange and its bearing on the com mercial credits of this country. Mailed Vpon Request Fairman & Company: Urexel Bid;., I'hiln. 3' Established 1902 j) ,....11 iiiiniiiii.1, OChi & Alton 3..sGU. 17 Chi 1! & Q .it Is 05''s 1 C B & Q :'... 71's 2CM&Stlcv 2s 7S(, 1CM&SP gin 4L.S 75' i :tc.M&sr fd 4s oo", ."fM&StV t".... 07 .'t Chi & N W 5s. 05 's 13 Chi Buys 5s... G7 31CUI&Pnc fd 4s G7s 'llii & W ind Us. 101 :ir.'. 71 '4 7l!i 75'4 oo;;t 07 Ot'.j Olis 00-s 301 Western New York and Penna. R. R. Co. First Mortgage 5s Due Jan. 1, 1937 Tax Free in Penna. Price: To net 5.85 per cent BIDDLE&HENRY 104 SOUTH FIFTH ST. i ao p m 151, IIP..! Si's 77'. 07 01! Us 04 4 4 04', 80 S0l, 00 80'4 701-.. 7.T ni j 051, 71's 72 Is 75 1, 00', 07 04' . 07 07 101 O Chile Copper Gs 7SU 7S4 7Si, 3 Chile Copper 7s.l02'a 1021-1. 1021.. 5 Chinese Govt 5s 43 s 45 45'... 22 Con Gas Co 7s..l01Uj 101'i 101 'y 11 Copenhagen 5i;s 70' 7!)ijj 70'i, ir ueu & It (i 4s. u, in (H 30 Den & K (i fd 5s 421-i 42- lODomof C5 -21. 071, 07V, 0 Dom of c 5 ::!. 01 01 2 Detroit Kdion 5s 03'4 03'4 8 Dom ot C '20... 04s 0P4 2 Eric It It cv A. 30 Vj 30', 4 Erie prior 4s... 5,"iC 55 'A 5 Erie Bit cv D 42 42 11 Hud A. M fd o. 5S'i 5S'4 17IIud & M is'j 18V, 4 III Cent Is '50. U0L. ViVi 5 Inter It T fd 3s. 5Wi 54 1 Inter Met 4.js.. 17M: 171-i 35 Imp Jap Gv 1st 77'yj 774h 45 Imp .lap Gv 2d. 77,'i 70'; 30 Imp .lap (iv Is. 02"1', 02') 10 Kan Cy T 4s... 70'.j 70L.. 1 I, A. N Mono 4s Vt (, 0 r.c.ins i Xnsh Is 82'-.. 82', I Mid S & Ord 5, 81", S2' , 0 Int-r Mer Mur 0s 80'.. SO' 1 Minn A: StI. 7s. 05 05 10 Minn A: St 1, 4i. 45 15 17 MA.StP SS M Is 7Ss; 7'., 0 Mo K C A: T 2d 32 3L' H M Kl' A: T2dU 32', 32', 5 Mo Pacific 5s... S2 O Man Elcv Is.... 50"'s 1 Nut Tube Co 3s. OP.. 11 NYC A: lilt db Us 02 5NYCA.HU 4 Vis. 71P4 12NYCA:IIB db 4s 70' . I 5 NYC & H It 4s. 70-1 2 NyC&im 3'2s. (10 I 31 Cof NY4Vjs '57 00 'J I 2C of NY 4',s '07 07'3 I 52 C of NY l',4s MM) 01',;, 11 NYIJMI & I' 0s hi 12' . 071 , 01 ox7; 0H, 30', 55 42 581', 18'j 0')' 51', III 77:,s 70" , 0-", 70'-.. 0.",'', 82', 82' , v M . 05 45 7 A Real Bargain 1V oOr a (tmll blnek of bond pnBtnv a valuable ronvernlon prlvllrce, a monthly ulnklne fund. a fnormo'in rbyilcal er,uity and rarnlnza It tlmea lntrat rharKn at a pnr that is calculated to as sure a profit of 10 points in 4 stars. Send for Details. Frederick Peirce & Co 142! Chestnut St., Phila. Safe investing j merely a matter of knowing where to buy your bond). (i N Y Buys 111 Y Tele -11 ,s 2 Norf A: W cv 0 II No Ph.- Is.. .. 1 (Ire S I, f.l 1- 2 Ore Wi-h I- 2 Ore ,t Calif ..'.. 2 Pi I'e Mnrq ."is .". Pac Tel A. T I 5 2s Pn I! It 5s (!.. s Rending gen 1 5 11 I A A I, I' j 1 St I, A I Mt l 10 St I, A: So l-i, 0'i 7s', PP, 7" Ml'.. 'i't ,!!'. si; . M' vi', 7'j , 02', OS 111 5S s" 50 , OI' . 01 '", Till', TO TO's 00 ooi, 071;. 01 M 7s.i, Hjt-s 75 Ml' . r.s-.; 01', v.', M'.. s!l T'i 02', Us O"! r,s WCOFrER Beech Creek R. R. Co. First 4s "Tax Free" in I'vnnu. Welsh Brothers 020 CHESTrvuT Street riilludrlphla Lombard 1513 Send for "Bond Talk" ,NCOOOIT ' 110 Broadway ul?1 Kich. Pld.. NEW lORIi rUlIADELPIHA. 4 Mala ot. IW btat l tVlOOIfl'OIIT OUUTOU Mmeicantilb bank 'tr ,ur inn iviuiixvo i aUfKHiKSTBUKT . NR)T YORK trjitMtirrlHM Bank lsr forclyiv Titvta t . katv frfmiat,'l'ri" lrrf . !arIonn i.kji "VjLtu . Vvnraucla llrsrll JSSSSM ehi&mjm .. 2 S .t A P Itv Is I Si n Air Line n "7' . :'"' 40 So Ph.- cv 5. . .in::'', in:: 0 So I'm- it I... 7S,N 7s", 10 S. Par 4s . . . . 7l'j 71'-.. IS So IJm cm l" 5s , 5s 1 j lOStL A;"S r np Os 05', 05 3SlL A. S I in 0s is' (s 0 StL A. SPA. .'.s'j 5S!S 15 I K of 1; H A. I 5' .s '22 02' . 02' 17 I" K ".f r"l! A I 51 .s 20 VI'.. s'i; 17 V K of G R A. I 5' .s '21 00 !i". ', 1 Pint Uy In Co 5i 701, 70, III S Rubber 5s. . M'-j SI',', 10 I' S Steel 5s... 00 00 11 K nf II R A I 5'-.. 1057 .. . ss S7Ti 5 u Il 5 SI , Sl'y 3 Va R A P 5s. . 05 05 3 West Sh R It Is 7m, 7l'j 2 W1I.-011 Co cv 0s 01 ; 01 s2 5t;- 01',. 01-', 701, 70 70 00 00 a; li-i-i 01 14 SI or, 7s r, ini's 75 sOL. us.-.; 01', so SII.'. SO " 7s'a 02', OS 0.". 5S 37' f in:p,; 7STs 7Hj 5S'i 05 Vi, 18 r.s-i 02'j fcO', 00 70.i SU.j 00 S7 Sl'i 05 70'0 01 '4 NEW YORK COFFEE MARKET Xew Vorlt, March SI. rrlces on llie npenlne cal) of the oorreo futures mar i..t this inornlnc cio Irregular, with Mitv 1 points lower anil the other po- 1 mtinriH uiicliuncl to .1 point.- hlsher. I The Kin spot imirltet w.ih uni-hanged. r-io. k thero Iihvo benn reilueeil fio.000 I'ligK. IV 1)00 VRK8 elcallneU for the Pnlled '-iiii.il nnd 73,000 bans to Huiojie, or elaru here I Y r n Oioii I I n in ,Mn . I I 1MI 11 3 II 311 I j,.i nn 11 M 11 -,n H pi.-mbii . .. II SI 11 .11 1 .10 Ueeeuiiier . II.3.1 II r, I Mllil Prices Reacted on Paris Bourse rrl, March i i.iVrlrcH reacted on I ho IJqurse today. Thn ixir cent rentev wera (mated ot ssf 46c: . ri.niipn on Ixmdoli. .05f 40oi tlva uer cent MV. -rwrnm wiiiw n itoviTO 01 too no noo no 1.110 100 100 lliu '.' 'U 13)0 1SJ0 1DW Alio 13K33 too it 0 1 1)0 .".00 I ')0 hjo 100 1U0 lilt :o .-. 0 .' 0 too Sl.. 100 a. j '(0 1)2 IJO U0 1C0 33a 111 41900 i 0 0 10J 7 430 6 100 .. Iai r.JU 1 i:u .. too 1 1:1 w 1 230 7 1100 c 200 ion tOO 7 n U'T )0 0 7 JO 7.T luo too 100 3. SO 11 R80 vco 210 I 1.100 7 Baldwin Loco pf "O 8 Barrett 12J . Baltlmoro & Ohio .... 5' 4 Haltlmoro & Ohio pt .. ' , , Bethlehem Motors ... MU Bethlehem Steel 11 ... 8 Bethlehem Stl 8 pf.ll2ji . Booth Fisheries "j? . nitlvn TinnM Trnnslt . 1 a4 Bruns Term & n It . . . 'J4 BurnB Bros l'v? Butto Copper & Zinc. . ' Butto & Superior Cop. '' Butterlclc lfi3 Caddo Central O & R. 2 California Petrol ... 4H California Petrol pf .. ' Canadian Pacific ....'!3 Central Leathtr fin Cerro do Pasco Cop . . r Chandler Motors HH Chl&EI pf ETctfs. 10 Chi Mil A St Paul .... Chi Mil & St Paul pt.. Chi & Northwestern. Chi Rock Isl & Pac. Chi R 1 & Pac 6 pt Chi R I & Pao 7 pt Chi Pneumatic Tool . Chile Copper Chlno Copper Cluctt Peabody Coca-Ola Colorado Fuel & Iron Columb Gas & Eleo . Col Granhophona . . . ..Col Graph pf Comp-Tab Record . . ? Consolidated Gas ... '-' Con Interstate Cal M 3 Consolidated Textile 7 Continental Can .... . . Continental Candy . . 4 Corn Products Ref 12 Crucible Steel 7 Crucible Steel pf ... .. Cuba Cano Sugar ... . . Denver & Rio Gr. . . . . . Denver & Rio Gr pf . . 1 Dome Mines . . Elk Horn Coal 3 Ell; Horn Coal pf . . . .. Kmcrson-Drantlng . 5 Eudlcott'Johnson . . 7 Endlcott-Johnson pt . . Lrio ........ . . Trio 1st pf .. Krlo 2d pf 8 Famous Playcrs-L . . . Fairbanks Co . .... .. Flslc Rubber . . 1 reepoTt Texas . . . . 2 Gaston Wms Wis.. G General Cigar 8 General Electrlo .. .. General Electric Rts. 12 General Motors .... .. General Motors ctfs. 0 General Motors deb 7 Gen Motors deb 7 0 Goodrich B F . . (Jrav & DraIs . . Granby Consol M & S. 47 7s Great Northern pt .. ''' 1 Gt Northern Ore ctfs. oT3 .. Gulf Statea Steel .... 03 "2 4 Haskell & Barker Car. 3V: 1 Hupp Motor Car ... 7 Illinois Central 0 Inspiration Con Cop . .. Int Aerlcul Corp ... . . Interboro Con Corp. 7 Int Uarv pf new ... . .. Int Mer Marine .... C Int Mer Marine pf . . .. International Nickel International Paper . 47 Vi . M . J"' in . 75 Vi 1CT . 1RH . 3.M4 . 93 . S . 39i . 60H . 4.i 02 . 51 . HO "4 .. 03 .. 12 .. n .255 .. 07 ',5 .. It'j .. ii's .. :r, . . 43 .. 2.i r, ..1231i .101U .. 14 " .. J .. 16' 4 .. SI .. n 'i .. i7H .. :'i .. M'i .. 70?i ..159(4 . -3 ..410 .. 41 .. T5': .. 00 .. 71 .. 3.1 li 17'4 ton .s S3H 4'i 110?4 7", 07 4 FiS lnternat Mot Truck.. ISrtU . (:.', 40 . no :i3i'-2 . 31 ' lilt Mot Tr 1st pf int Mot Tr 2d pt .. Iron Products Corp Jewel Tea pf Kellv-Spc Tire Kennccott Copper . . 100 mj'e 37 47 27 V 9Mz 112 Vz lift li 7 IS 120 0 :V IF. '4 13' 4014 70 P.3Ji fiR f3A 140 0'. 39 67 89 ? B m 751', 10S'2 18 :5l'o n.i 37 1'2 rovs coh 44 02 51 ?4 S3 IH'i 32'4 12 13 23S 87 Vx 47 H 14 II'. 25 43 23 ?4 119'4 101 14 A S3 1CJ4 80 72?ii :7!,4 :n 15 (j 70 150 3 382 isu 75, 00 70 33 '5 17 IH 40&a 0814 avi 17 90 7U :3H 4Ka 1104 07 ili 64 . 126U 7S 05 45 '4 38 H 131 ys 31 1 .30 Nfl ricae CTyto. 34- I 78 stl H itn?t ij 88 14114 314 115 4?J 118144- y icow- m 4V4t If 1(5 - 14 07 H ' 48144- 14 i30W4- ? 10314 4- l in - lji iai4- 4 2V4- 14 203 4- 3 14- 1 ir.H - MH 70 4- V Hi4- y 102 - 1., 113H ,?J 135 - 14 too 4- 14 iiftji- 4H 17 4- V 47 4- 14 27V4- !?? 10 - '4 112 V4 4- 14 1814 r l 14 W- 14 7H4- V 121144- 114 014 .. I0W- 'A 18 M 4- V S3V4- 14 40 'A 4- 14 70 - 14 138- 14 68 - 4 14 14054- H ,10 - 14 39144- H 89 3714 04 4- 14 ",5V,- H 1CRJ4 4-n 18 - 14 r.V44- H 03 4- 5 :714- 14 30H4- 1 conta-- 4- 14 02 51?4- 14 81 - ?4 i8r 14 3214- 1!4 01 'A - K 13 13 - 1 158 - 114 0714- 14 17H4- 'A 7V4 .. 1444- 14 lltt- 14 25144- 14 43-1 raw 4- 1104- i lot - ?4 14 A 4- 14 74 4- 1 10J4- 14 Sl 4- 114 72 K 71'4- 14 20 Vi .. 13V4 70?4 .. 159K, - 3 '. 382 -1714 38H- l?i 75144- 14 00 70 - 1H 3515- y2 17 4- 1 bSW4- 'A 40H- 14 CSV4- 14 314 4- 14 i7 n- 14 OO- 54 754 .. 23H- !i 454 .. 110?4- V tt'A- 14 07 - 1, 22 4- 1-4 M14- 15i 120!4t VA 78 05 - U 45J4 4- H 3S 4- 1-5 M4 1-4 4- J4 31(4 4-!', Ixiw Blv. Halea In I m.h loin - Keystone Tire ft Rub. 38 7 JJ0 T.oi,- . - po Rubber nn".'. f14 3 fehlgh Valley ...?. V4 W J r?we Co 2014 3014 100 100 2 J0 1700 10O 200 100 iOOj 290 100 100 000 24000 .100 100 1:30 Net Close Chje. 37 - 1 78 - 3114, ., 2'A- 21 ;, ?&.?"-.. .:: .. ,sii- h trmnra Tobacco ,...1214 6b 18 Slackav n. " ,. 3 JJartln Perry .'.!!''!! 20 5'ixwell Motor 3714 Maxwell Mot ctfs . 30H ' J,rnx,v1 Mot 1st pr. SDYz "7 Xf" Mt l'Pf ctfs.. 54V4 0 Mexican Ciiui..- n ifirr """""" t.u . 4 an, ""PPer sa (4 23 fi.iin - i't!"" aieei a om. 48 ...Hw A , ATI,11 .-- r . .....,.. ouuejl forp ,, MJ4 " .n &. st naw 114 .. Missouri Paclflo 2?i Missouri Paclflo pf . 40 .. Missouri Kan'ft Tex .. 0 W .. Mo Kan & Tex pf.... i?J a Montana Power 67 . . Nat Aniline & Chera .. C7 ; Ja' Conduit & Cable, llli 0 Nat Eham & Stamp.. 78 0 National Load 81 J4 Nevada Con Copper ..114 Now Tork Central.... 70 7 New Tork Dock 42 14 .. New York Dock pf ". . M "W orK N H A H,, ZS New Tork Ont & W.. 21 National Cloalt ft S . . 70 Northern Pac 8214 Nova Scotia S ft C ... top, Ohio Cities Gas 44?i Otis Elevator nn .. Otis Steel 3314 .10 Okla Prod ft Ret 554 .. Paclflo Development .. 70 Paclflo Gas & Eleo. ... 54 1 Paclflo Mall 3J -I Paclflo Tol & Tel .... 42 3 PaTlsh & Blncham ... 4014 0 Pan-Amer Petro 10OJ4 6 Pan-Amer B 08J4 3 Pennsylvania R R . . . 43 .. Penn Seaboard steel . 33J4 . . Peoples Gas Chlcaco . 38 Pitt CC&Stti 75 3 Philadelphia Co 30 .. Pere Marquette 2?4 . . Plerce-Arrow Motor.. 74 .. Pierce Oil 1814 .. Pittsburgh lb "W Va .. 31J4 6 Pittsburgh Cot P .... -6114 8 Pressed Steel Car ....10354 1 Pond Creek Coal .... 21 K 8 Pullman 11014 Punto AIcsto Suar .. 8194 8 Railway Steel Sprlng.100 1 Ray Consolidated Cop 19 Reading- 87J4 .. Remlnsrton Typewrit.. e3 .. RcploBle Steel 4514 0 Rcpublto Iron ft Steel. Ill K . . Roya. Dutch NT... .105 Ji 1 St. Joseph Lead 10 .. St L San Franclnco .. ?3?4 .. St L San Fran pf .... 334 .. St L Southwest pf ... 204 C Savage Arms 74 Saxon Motor 18 Shell Trans Trading .. 7?4 . Sinclair Consol Oil... 44 a sioss short s ft 1 .... 70 0 Southern Paclflo 11355 bouthern Railway ... 2454 Southern Railway pf. . t8 Stewart Warner Sp.. 44 J4 Strombergr Caxb 84(4 Studebaker 10054 Stuta Motor 250 Superior Steel 5854 Tenn Cop ft Chem .. 10 Texas Co 220 Texas Co 30 Tald . . . .209 Texas Co Full Paid .208 Texas & Paclflo 40J Tobacco Products ... 75 Transcontinental OH . 20 Transuo & "Wms Steel. 02 100 2.60 Twin City R T 23 1100 8 Union Bag & Paper.. 100 1303 .. Union Otl t4 800 10 Union Paclflo 121(4 4 Union Paclflo pf 10(4 .. United Rv Invest .... 1254 .. United Rv Invest pf.. SO 3 United Rotall Stores . 81 .. US C I P ft Fdy .... 21 6 U S C I P & Fdy pf . . 4 ,.5U S Express 131 i U 3 Food Product,... 054 8 U S Ind Alcohol ....10054 BUS Realty & Imp .. C2?i 8 U S Rubber 113 8 U S Rubber 1st pf .. 112 3 U S Smelt ft Rvf .... C3 5 U S Steel ., 1C3H C Utah Copper '.7 .. Vanadium Corp 08(4 4 Va-Carollna Chem ..'7514 . . Wabash 0 .. Wabash pt 2754 .. Wells Fargo Exp .... 58(4 .. Western Maryland ..1054 .. West Maryland 2d pf. 10 .. Western Paclflo 32 7 Western Union Tel .. 1054 4 Weatlnghouse E & M. 53(4 .. Wheeling & L Erie.... 11 .. White Motor 13 1 Willys-Overland 5 " Wilson & Co 7254 8 Woolworth F W 124 Worthlngton Pump .. 82 EX'dlWdend. 06 4" rt 37 3oi4- $ 54V4T ;;? .190 790 3 100 100 100 500 2-J0 2 1)0 5)0 293 110) 1400 030 3830 100 100 300 210 1339 100 0)0 310 B00 230 100 100 200 1010O 2700 000 1400 100 100 5 JO 3230 16230 590 4100 1100 400 800 090 C)0 .100' 3)0 7030 430 HO 15030 1500 100 1013 100 100 100 12)0 41)0 7800 830 13090 12 ! 3)0 3)0 3101 15703 18 30 2090 too 102)0 200l 290 8100 090 10.0 100 100 300 330 0100 1500 200 290 2JJ 7HI0 100 8103 200 310 555'JO 12 )U 15530 010 300 311! 100 2U0 100 3330 200 730 ,(K) no 33 7101) 100 100 100 CO 20 17 30 1; 5914 5114 HTail 132 J-'Si 3 S3V4 , f . . 12 - 14 1514- 46 4- 1 914 ,, fl ' . "it 11V44- W 7714- 84 - 1415 34i4- y 21 - y .74 s 4 f 7 S 8 16 3114 1515 20 18 014 15 17 67 1115 774 84 1414 75 37 SO 34', 21 70 8115 07 4414 38 31V4 14 70 635 334 43 40 101 06 43 32 38 75 384 18 08 184 31 49 103 20 1104 t314 100 IB "14 81 455 109 105 16 234 335 205 74 18 784 43 ".4 1014 '.44 185 44 805 100 210 C 10 213 200 2074 44 725 5 03 20 1034 34 120 64 12 2514 77 20 54 tno C5 see, 52 08 111 67 101 5 C4 -.34 u 57 6814 1055 10 304 to 4 1 oi4 24 7214 124 t2 L OCALS DRIFTED H NARROW RUT Electric Storage Battery Yioldod Undor Small Sales U. O. I. Up Another Peg 21 - y 70 ,. C7 4- H 444- ' 38 4- 14 3114 - '(4 544- J 534 334 .14 43 - 4 40 1035 f 00 14 43 .. 3S - ? 75 .. 384- H 20 ,' 68- y 184-14 3114 l 59- 103 14 21 K 1104- ? 635- 14 loo 14 in - 14 fc014 ?4 81 454 X ico 14 105 li 10 .. 234 14 335 14 2015 74 - 15 18 784- ?4 3 14 74 ..D 101 244 14 i8 14 444- 4 804- 3 100 - 2 250 5 0- 10 .. 213 - 1 209 - 5 2074 14 44- 14 734- 34 V5- 631 29- 1 106 4- !34- 1214 y 004 .. 134 , 20 4- 14 77- 2 20- 54 ..a 30- T554- 1 00J4- 34 53- 108 - 44 113 14 60 4- 101 1 ;o J4 C4 - 3 '.35- 1 u - 27 - 55 684- 14 104 .. 10 .. 304- The tradlne In tho local market again lacked Inltlatlvo nnd continued of small dimensions. Tbp tono wns fairly sleiulr aud, with tho exception of Elccto-lc Storago Battery, price changes were un important nnd meaningless. Mainly becauso of the cxtrcmo unrrowncss of tho current speculation, Electric Stor- ago Battery suffered a further dcclluo of 1 points, declining to 115. This sen timentality wns partly offset by the con tinued good buying of United Qas Im provement, which moved up another small peg to C0. Most of the other local stocks showed little change from last night's final quo tations nnd were dealt in sparingly. Lake Superior Corporation was stronger nt 10. or SI above yesterday's low mark. American Stores seemed to have found n firm bottom nt 44. Small sales chipped 'J off of Insuranco Co. of North America warrants nt 1. Phila delphia Electric continued firm at par. Considerable interest is centered in the meeting of tho Baldwin Locomotive' directors tomorrow, although tnose supposed to bo in close touch with tho internal nualrs of too company emphat ically deny any action will be taken, or is even contemplated, concerning the much-rumored recapitalization of the company. Street rumors, however, ure persistent that something is going to be done. New York Curb INDUSTRIAL . Wish Ltw Acme Coal 24 2'1 Aetna Exploa ut Am Safety Razor 10V4 10'.i Brlt-Amer Tob coup 10? 194 Cleveland Auto 78 72 General Anphalt 102H 101 Tlayden Chem ON S Indian racking lS'Vi 15(4 Amor Candy 04 0(4 Armour la 17 17 MonUomory-Ward 3!Ti 80i Nor Amor Taper fl'i fi'i Perfection Tiro 3U .1i Hweets Co 4(4 4 Trlamrle 111m Vi H U H If S 3t7 31V4 TJ S Steam 314 0 United not Candy IB 15 United I'roOt Sharing- ... 2'i 2(1 United Plct Trod IS lb V Vlvladou Inc 22 22 Nat Ic 4r4 4K Prossmon Tiro 5(4 DH Allied Oil Allen Amal Hcyalty ... Hoono Oil Boston Wyomlnc Carlb Syndicate . Cltiea tJerv "B" Cosden & Co... Dominion OUQUeann Klk Basin Pt .. Esmeralda Oil ... Federal Oil Gllllland Dlenrock Oil ... Home I'et ...... Houaton Oil ..... Hudson Oil Imlnelblo Indlnhoma Kef .. Trance Creek . . . . JlnRina. Metropolitan . . . Mexican Pan .Merlon T"et North Amer Oil . Omar Oil rennoK Oil riillllpa Tot l-roa a uenners INDET33NDENT OILS 2S ctfs.. 3D fiV. I'i 311 41) 0(4 10 . 10 8 44 3 110 A 1014 ID 40 .1(4 . 4(4 i n 7; , 30 II'! 3S ftH lrc 31 4I 0 104 3'i 1,0V4 40 yu 4U n 7'1 3S 25 Id at 24 t"i 10' 1VH 78 102t4 B'4 1111!; 014 17 30T4 nu 3'i 4 31H 814 lfi 21; 15 4514 0V4 J 1U 1 40 I)' 1M H1 10 8 3(i if Hi 4 Vi r 7(1 ! Collect When Due The great majority of merchants pay .their bills when due if they can. It is estimated that concerns who arc chronically slow, with 25 or more .of their creditors, eventually fail. The American Company under its Unlimited Policy guarantees to pre vent, else pay, bad debt losses beyond the Normal Loss inherent in any line of business, whatever the aggregate amount of such covered losses. AMERICAN CREDIT-INDEMNITVCO. or NEW YORK E. M. TREAT, president, "TUB COMPAJir THAT UCMII THC UMUMITBD fOUCYI W. J. Morphy, Manager. J. F. McFadden, Gen. Agt. Mutual Life of N. Y. Bldf. Phone, Filbert 5503, Philadelphia, Pa. nan on an 3ft s Salt Creek Trod 61( 50(4 51 Senuojali Oil A A A Skelly Oil 114 11', ll4 Slmms ret :14 !U'i ,14H :: 18;t .. .V-iVj :. Ji;; .. SIM t04- 2 52 !4- 11- C154-4-524 124 82 Philadelphia Markets WIIKAT il'i 'ip'i. .'.''lH I""" The market was unrhaniiLil at Co rnment prlcen. CORN Rereipif M10 I u-li. Suppllea tmall and the market Hi-dd. W quoto new, a t') nuahtv and location. M JLiOfl1 1.60. Ihf luiter for . 2 -llow. OATS Rerolp'F. II. 029 busli. Steadily held 'iir loin kh 1 location No 2 white. $1.03Vi 411 (.ij No J whits. JI Ol'-j if 1.05. No. 4 white. SI filial HI nOL'lt llnetpii- 'JiK Imrrela and H.Ja 43(1 lb in ai K si'adv hut quiet Quola llona. r-r lU'J lb' pail'-d In I IO-lb jme nck soft wii'l i -" i'ht wmtern. IU n; Ml".-i. do di n.rln 110 !." t' 11 . Ii.aril winter etrnifcht JI pni-ni ISJ3W11-.' in r.oi i i . I- i"i' iwirni, I HI io1" IH T nil I -. n vt. lit fiimi KVK n Hi I! ' - ' a, to rpuitlt rnnvisioN.- nrm i and nlj-drl"l "ik I ! eia Hinnkeii and .It ln fiL't liuir t I i 'it '.'"iti 12 "5 do t-hirt priris llr-i, il'.ir. II.' iiO'u. 13 10. short t.iti- v Bprini; and tiiy r.nle SII 1(J1I I" i lu p : bbl . in sucks. f In sts smoked I. nu kits and tend- 'I ."ilr, pork, family, loose S'4Sr204e; do sUltin. d loos.- Ji'?'.'-. dn. do. amokea, 2Sfl3iu hams hoil rt loni'l-ss, 40r, plcnle sho ullrrx H I' ' ur-il loose, 'Joe. do stnok'.l 2tf bellies n rirk'e, loose, 24r. 1,1. il fssf hucon M.'r l.rd Vir rrrn:rt stf.id) On"' .'mis. riolid parked n.rnir ftn'. hlKli - rinir coods, , 1 IP TV , Mm. "i" cttri ft ts, CsWOiic: llrsis, CHtl 117' set end '.ill cet Cfam'TJ. ihiuc 'n fmu s T.'tt'l fnir lo Bond. fl05f 7lr prints jobblna hi 7k,'i .Of for funcy and lit 11777 for fair it u ,d cutis tlrm 1 rr nearby flrsls, JISH.'i i r tret', i sn mrrent reculpta. $111 SO u.-tf-rn extra (Irn SJ3.sn; western firsts Sl'l ."" Btiuiheni i:iu'0 selected fresh ties i il l,li t t Bli5ti r-r dorcn. rm.f.-l. Meadlly I'ld Tho fnllowlnu were tli.. nuntdtwiis N a Vork. whole-milk, tints. Ii-i'l fancy. 21W 1 U" sperMla hlsher held fnir in (food JS'-jn-.".ir current make. nnnimul Wisconsin t ho e milk flats, held, f.ini 2l'i TfSOc, fan m soo.i 'JS'iWSOc: Johhlnc sulen nf fnniv h.ld Bo.'ds a'JWaJO. l.tVK l'firi.TRV KowN fancy, fat 45 f.f47c e..ptlonal lots l.twi.. r do. medium. 4 -' J 4 t ' do inferior R6W I" brolllna-chickens fanty soft meatetl itriiinir 1'4 H?.! lbs. nplce fiS'tJIlOc sprine hi' kns, average soft mealed I2tl' dc inf. rior. SStHOa. staairv mitic ittostcrs dfrmc, old roosters "."C.'rtc rm i, white I'ekm lll9'4o: do. Indian itunnei IJW13c dt. Muscont. 30ft S'Jc ruikcM, lofi iv v t on- per pair, C5 RilOt nitK-Tn l")I ' TltV nrrnh held Quo tations I'o I freeh-kllled dry-picked In bnes -enhlnir I lbs and over apiece., tic: wi-lahlns ilVj lbs ap3ftc welghln 3 lbs , nitlSHc. fowl frih killed In hbls , dry- nicked welKhln 1 lb', and ovor apiece, 4iAtc wcichlne i'i lbs. 3735c wfghln 3 lur asWS.Ic, eld roosters. dn'-nlcVted. 21' i brnllets Jer". clry-pirked RMfl HOci do, ordinal neirb' ilryplccucl. r.O'ri 5 V, broil er. w.'tern ir picket! wclahlnir 1(4 V 2 lbs ,iiiiei tSnn.-. roasting chlrUens. west- lr I'M K U. "1 I'OIS . "'cninii i "j,, nine .pme 4H1J i"r utlaliinic 3'4 lbs f. ,l7ii 4itc. weljhlne .1 lbs apiece. 3H hamnr. SI 35ta2 4ii. do. .Ierse ir h.isket. Sl.Sfiliri.Pii. Cabbaco. Nete ork. Danish, per ton. SoOfftfpll. do Florida, per hiuiuter, 2.7,"i3 M, Onions pt lin-lb. sdrks Yel low No. 1. S0.iiriP7 do. No. 3, SI OOff.'i. Philadelphia Stocks Hish Ixiw -'.JO Am Strt,. i I 10 Am Mill'c S'j Net chce. 1.1 "i -KlVi If. NL.4- '.', Ri., JO Am Itv pf ,riS TiS .r,8 .. 10 Ilrill .Y G -H'i i II! 1 I 250 ICl Stnr. U.r. Jl.'i 11.1 XVi r I Co A LM1 -Ml 2!) -f- Vi 117 do wnr.. S 7',i S -f- , l.:i ret 10 pd IS 1S IS ,. .lOT.k S Cor Ul'j 10'i lO",.. 200 I.nns lon Rl '... 81 ,(. SI il. . M I.oh Nbv.. (11 (i.1 0.1 .. .117 l'a It II. . Kl'i .". i:!'i r- ''i II! I'ii Halt. 7.1 '.. 7.1", 7.1 'i-f- 'i 21 I'hiln Ct ruin pf . H.I JM Vi "" . . 2C..1 I'hiln Hire 2.1 21T, 2.1 f 'h 12.1 I'liila UT 21'i 24 U. 2JW... 1(1(1 So Ilv '2V 2I' 2I'J.. .100 Toun llrl. 2,1, 2,1, 2 A, 100 tLT Cicnr Storr-i..KI1 1.11 J.1I 1 yil V G I... f0 .101, ,01,-r. 4 Jt i: Co N.I. 17.1 17.1 17.1 2 2.1 WVlsb Co .10 .10 .10 . . 10W Ir & S S'-s Sf-; Nf',,. 00 V JS.SS 40 1 10 .. !)0 WoRt Conl ITi 7.1 7.7 Net chnnse made by comparison with .i6t tale on New Tork Mlock Uxchunac. Sales In IION'D.S Net 1000 IIIkIi Iflw 2 pm. ' hiio Spencer Pet KuDerlor Thraman Texas I'aclllo Coal. Texas Itantcr Texas Co w 1 Tropical oil United Texas Victoria Oil new White Oil Western States 1. ... MIMXO Alas-Dr Col Atlanta Holcher Dlvldo Ext We Lodfo Booth ISost & Mont Caled .Mln Canada Cnp Carson 31111 Cnndelarla M C6ns Virginia Cons Cop M Cresson Gold i Divide. Uxt Ill Salvador nurcka Croesua 40 Mining (lolden Gato Kxp llnld C.nnm Hold Devlp J rlnld KbWBfia ........... -1 "8 112 B4I 3 "Si 112' 14 Commodity Markets ern t,v e, snl. Lui-nirir - . . . -. , . -. . i - T . M western nirnW cnicKns i-,tio "A ' ll.v snd nnd. r in doi per lb 4s5no, IS to .'I lb- 10 do. per lb IStfjr.nc 25 in Mil lr. 10 dm per lb I0't42c. 01 to Hi) lbs if dor HTW.tSc' 37 to 13 lbs to dm 37ifl.i 4.1 to 17 lbs 10 doz , pr lb, U",i!i K ins end o 1 to do , per b . 41W45C .spans W'ttern weiahlnn S to ID hs aplei ntliBBi' seme heavier stock dinner welKhlnir 7 lbs apiece B2o welghlne 11 lbs nplere 6uc weighing 5 lbs apleco. 48c fllRSlI I'llUITH Apples, per lbl., lo nuallty, SID. do, per box S24M 23. Cran berries, per bbl.. S3W7. Oraniei. Florlilu. t.er lKx.JS2.33'T TR do. Callfrnla, Pr box. a;TSc,lifi( grapefn,tt Korlda pr box, SI Mi 0 I 30 Ktrav ber'lea. 3Iorldi, per ,...a. 1Cl.Fif-i H -vWitfrAHLtSU-Vhltc twlatees. eor ewt:. 1 LohiKh Nnv rons 4Mb. Rii M5 M J 1 lh V11I On.100 100 is 100-(- i', 2 do cen 43 72 72 72i-- 2 do c 4V3k. 7!) 7!l 7!) 1 1 I.fh V Coal ron 0m...100 100 J00 .. 1 Lib Ilnntls 2d -IUb.. &n.g() S0.N) P0.80-I .50 ITi Ud V.U.. 02.R0 02.S0 02.80. 22 0.1-n 4th .IMm 80.08 80.80 80.OS4-.30 2 .Market t i:iev4... 70 70 70 . . .1 Vic N 4:)is 07.58 1)7.58 07.58. 18 0 riiiln lilec nt r ... 02 iins 01 n; COTTON MARKET Xeiv York, March 21. Tho action of March contractu on tho opening of tho cotton exchanfjo today furnished tho early feature. On tho BaJo of two small lots, March broke to 40.25 or 225 points below tho close of yesterday, whereas later months nt tho Htart, tvero steady nt a declino of 17 points to an advanco of 8 nnlntn Thn near months' break cncotmiKed rather iiwi luuai tteuinsr iuici inn rntir. 1 0, ...u casv and down 30 to 35 points net initio anu some wall htreot houses worn buyers on the decline Ono March "tii"-ii who rvpuncu in cirruiation. Tradlnir In tho current March position ceases at 12 o'clock noon tomorrow, and KiL'mur irrcBuiuriiy is expected In tho liquidation of tho remaining small Interest. Tho receipts at tho ports for tho day aro estimated at 20,000 bales, nRalnat 28,152 bales a. week ago, and 18,201 bales a yenr nco. 10 n 7 3a 28 3& l' a. .1 IS l'i 1 1.1 Ooltl Veracr fioltl Mllver Tick Gold Zone ........; Great Bond ". Hecla. Mlnlnff Jumbo Extension Ioulslana Co ........... McNamara ............. Do Beera . Motherlodo ....... Motherlodo new ......... Murray Mo Ophlr Silver ............. lied Warrior ....... Hex Cona . Roclieater Mines ....--. rtopo Group San Toy Stiver Kink nf Arln .... H Sllvor Iad Success Mln Tonopah nolmont Tonopah Canto Boy Tono Dlvldo Tnnn-.Ilm It Tonopah Jtlzpul". Tonopah Rescue Lula .... U 8 Cont United Eastern Whlto Caps Whlto Caps Ext AVIlbert Yerrincton Irlnco Conn n -n 20 2'4 ft 10 1 ft 41 51 5(4 0 1.1 12 rila 71 84 slA '4 .1'4 4 14 ; 2'. is 1U ". 12 HI :t 3 id 211 a'.i 4 '4 10 fi 41 51 5't 70 15 13 i B(a 71 3.1 IS 3(, 3 11 l'i 1 1.1 "4 3 3 18 20 2'i 10' '4 4,A Ot Ml 77 , 15 FOREIGN INTERNAL BONDS Wo havo established Direct Cable Communication with Belgium, France. Great Britain and Italy and through our agents in these countries can offer subject to chango in price Tuesday Cloilnc Frtce at Par t Prices Kzchanre Normal Belgian Govt. Restoration 5 $70 per 1000 fit. $193 French Govt. Victory 5s 61 Vss per 1000 fn. 193 French Govt. 4s of 1917 50 per 1000 fr. 193 British Govt. War Loan 5s.. 349 per 100 486 Italian GovhConsolidated War Loan 5s 45 per 1000 lire 193 Belgian Govt. New 5s, 1920 $73 per 1000 frs. French Govt. New 5s, 1920.. .......,.. 69 per 1000 frs. We are prepared tJ give information concerning these nnd other Foreign Securities and invito correspondence on this , subject. EDWARD 6. SMITH & CO. Bankers 1411 Chestnut St., Phila. ELKINS, MORRIS & CO. Banker Land Title Bldg., Phila. CTNANClAIc Annual Meetlnts OFFICE) OP The United Gas Improvement Company N. W. cor. Broad and Arch sla. Philadelphia. March 3, 1020. The Annual Meettne of tho Stockholders of Tho United Gaa Improvement Company ulll be held at the office of the Company. Northwest Corner of Broad and Arch streets. Philadelphia, on Monday. May 3, 1020. nt i: o'clock noon, for tho purpose of electing a President and six Directors, to serve for the ensulnr tear; ot considering and acting upon the subject nf a proposed Increase In it, nmnorizen caimni block oe inn uomnanT from 1, 1131. 438 shares of the par value ot par ncreas. I'rev rloo March 42 sn May SS 70 .tuly n.Vflil October .TAM.' December .'II. 7'.' January 31 no Dnen tl 10 lis f,n .1.1 m .ij in 31 no 31 03 11am. .is'.Sii :t.i 40 na.in 31.31 MONEY-LENDING RATES NKV YOIIK Money on call, both diihses of ollntenil, opened todny nt 7 per rent for lending and renewing. !'IIII.AIii;i,rilIA- rail. 0 pep cent; time 0 tier oent ; commercial paper, thrco to rilx months, 6 per rent, BANK CLEARINGS Hank clearings today compared with cor responding duy last UTO years. 10!0 lOttV 1018 rhlla. -.180,020.1111 IBOJmjpH 5S,8.M7 N Vork(WMll 1.(1.1 B0.1U4 illl $31,4cCi,Ml Boston .. U'J.Jltl.SOl 1J,Jvll IMIMW Paltlonorn l.M6.i7 Hst a$ ', .,V..; GRAIN MARKET Clilco, March 21 nnthuslasm on the huylnjr side of coin was lar.lclnjr this mornlnij und the market weakened under Keneral Belllmr. IteceiptH wero again email, amounting to otilv 158 cam. Mny opened at il B5'3 to 11,65 nnd later pold nt 11.tU .lulv wan quoted at $1, 19'0 to J1.48! at tho start and declined to Sl.48'4. September opened at 11.45 and later cold at J1.44i Thero also woh roneral nelllng of oata and, an buylnu orders Here lacklnp, tho llinicvoi, iuoi. Bt.utiu, i riiuo was OCllVO and beara pressed their advantage In tho absence of aflrgresslve opposition. The arrivals hero today were 76 cars. Mav onened at 85 ate tn rniUn agalnat 86 Ho at tho r.ioso j-esterday, anrl aairfrAjl in HKStrL .lltlvc iac mmi. at 78HO to 78310 at the outset, i-nmnnrert with 79 Ho at tho end yesterday, and later sold at 78c Tho recelpw of wneat here today were 15 cars; at Minneapolis, 195 carts; nt nuluth, 31 cars, nnd at Winnipeg, 117 enrs, Leidlnr futures ranged as follows: Tea. Open lllch Iiv 12:30 close lorn mew oeirvery May. ... i.onn i no July oata -4 11 2'i 2.1 IS "fi'4 i 17 3 10 4 U nf? 2U 10 2r. 23 '"' "5 4 in 2',-i n 4 7 2't 11 2'i 2.1 1.1 H"t t 17 Wi n 1 13 KU I 1S"i 1 .'.I l.nMi IBM 1.4UH 1 f.O'i 1 IB'i l.aI 1.B0U 78H Jlay Julv I'orK May..,. 38.01) l.ard May..,. .21.70 July. ...'22.70 Illba . May..., ie.no juiv. io. on Hid. fAaked KH'-J 7tl'i K.V, MS 70Vi 70li 78M 38.00 ,37 75 187.75 t38.40 :i if, 12 70 FOREIGN EXCHANGE New York. March SI. Tho opening figures for foreign exchange showed general advances over yesterday dos leg figures. Sterling nhowed u gnlu of K nt 3.81 for demand und 3.61 fr cables. Francs und liro showed u re coviry of 3 centimes, lire being , nuoted L inaK rv.,. nnVileo nnd lfl.87 for checks', nnd francs at 14.35 for cables aud 34.37 for chock. Other nuotations were: Tm fi.SO. checks ri.8'2; guild cr cables 30. checki 3: peseta? rabies 17.40, checks li..iu; niocKnoiin cables SUB, checks 21 ; Chrlstianla rn,D,' Vo Kn 'cVteeUa 1R.85t Conenhngen cab es is'.ir.'. checks 18; Bctelan cables IS 00: checks 13.02: marks 1.27: Atis- Ulan kronen .47 nnd Tollsh marks .ui. TESTBnDAT'8 KJNAIc qUOTATIONB flterllne Franca Wre Oulldera ..a 1 7fi 14.82 20.42 HHH STbieV..::::?: liiso 20.40 w TODAT'H OPENING QUOTATIONS Today's Range In Llboriy Bonds ' lias Lib Bonds Mf 7!8 Lib Bonds 1st 4s.. 00.B0 Ml, Bonds 2d 4s.. 80.08 Lib Bonds 1st fAu 00.00 til tf.i oh 4Mb 80.00 Lb Bonds 3d 4Us 02.70 02.74 02.74 Lb Bonds 4th 4(is 80.08 80.80 80.08 Victory Note 3$ 07.00 07.48 07.R0 Victory Notes 4 h .07,50 07.48 07.02 J ,10 each to 1.D21.43R shares at the iatu cif S.IO each, nil of which Inei shall be. Seven Per Cent Cumulative Pre ferred Stock, also entitled to prefersnee on liquidation 10 me par vaiuo mereoi ana accrued unpaid dividends, to bo redeemable In whole or in part at 135 per sharo and accrued unpaid dividends, to have the same votlne rlEhts as the Common Stock, and to havo such other rights, privileges, prefer ences and limitations as may be determined at said meetlns: of outhorlzlnc tho Issue or 122.OC0 shares of said Preferred stock to b Issued and disposed o. by the Board ot Directors at sucb time or times and upon such terms and conditions lis said Board hall approve, provided, however, that said mares snail nrsi n oiierea 10 me olocK holders pro rata for subscription at par: the balance of the authorized sharw of said Preferred Stock to be Issued from time to time, but only when and as authorlred at a subsequent stockholders' meetlnsr. and of transacllnc such other business as may prop erly come before the meeting. The stock transfer books will bs closed from 3 p. m., April 21, until 0 a.'m., May 4, 1020. By order of the Board of Directors. O. Vf. CUnjlAN. Secretary. FOREIGN EXCHANGE Profits possible of 150ro In 1.100. may he oiude by buylne lOKUIliN BONDS. ALL FOREIGN CITIES AND GOVERNMENT BONDS Sctid for Special Circular Full description and prices CIRCULAR NO. IV-1000 Farson,Son&Co Members lS'ew Tork Clock Kxchange 115 Broadway, New York BTIIB ANNUAL MEKTINfl OK T11K Stockholders ot Tho I'lilladclphU l'.lee. trie Company will bo held at the onlce of Ilia Company, 1000 Chestnut street, Philadelphia, on Wednesday, April 14, 1020. at 12 o'clock 11.. for the elertion ot a Board of Directors for the enaulnB year, and for the transac tion of such other business as may properly come before tho meetlntr. In accordance with tho Ily-I-aws of the Company no stock can be voted which has been transferred on the books of th Company within twenty (20) days next precedf.s; the elertion. A. V. It. COE. Secretary. WUSTMOIlRlcAND COAT. COIIPANV UOlrei 224 Houtli Third St. Philadelphia.. March 33. 1020. The annual meetlnr ot the stockholders of the Westmoreland Coal Company will bn held at the ofllra of tho coinpuny on Wed ncMluy. April 7th, 1920, at 12 o'clock noon, for tho election of three directors .to servo three years and for all such other business as may proberlv come before the meeting, HOWARD B. YBArtBMSV. Secretary, Klectlon Notices B2r" THU PENNSYLVANIA H.,HO.I) COMPANY Philadelphia. 23rd March. 1020. At the annual. election, held this day, Messrs. Charles E. Insersoll. Samuel na ind A W Mellon wero reelected Directors to serve for ths term of four ycara from this date. T)BWIs NE1LSON. Secretary. Proposals 2t 4f 121. f5 t22.00 T22.&0 1.20 2.30 10.30 1B.20 10.20 il0.4T BAR SILVEn . iiuuibu i LK3IWOH IB IjOW 07.30 00.40 80.20 00.70 80,80 H.m, 07.48 00.40 80.02 00.00 80.02 Heavy Demand for Refined Sugar v. Verb. March 24. Tho local re fined augur market remains unchanged h to price. Banners, report heavy demand comlnsr rrom ti teiona vi,m muntrv and,, Tn some' nuartewfji a.'ffpi Wit iot.iWlan'W. tHa a nMUL'tl iao'nsw, TllKAHIinY nKPARTalRNT noreuu of Knrravluf and Prtnluif IVsshlmton. IJ. o. . Mr5n ' 102O. flssled proposals nro invited to furnish Dextrine. Oils, lexiues. nnsrsvers' Bup. pnes. isrr ww.w..-. --. . -" u,uns ana b.Vr during th ..fiscal, jear besinnln. July 1. WW. ..."kAV-TO1..' WW reject ur ! Vi v'esrM,u' umo. "samples of Dextrine, Oils, Textiles. En. ravers' Supplies and Dry Colors must bs received at the Bureau ,f Engraving and Printing not later than p. n April la. uampies o; . .r.t iiis ana j'ap oiulav. ."-1. K IQ.S - Blank rosals, Kl lbs several schedules will bs operwd and further . Information will be furnished on application to James U Wilmetn. Dirtor. nu ? r.'f!1"? i,.,..,?,..P.,ir,H 0'Ey April B, 1010. rnrms wnn speculations for pro. ;(vlng dates on which the hds for rat schedules will bs operwd sjid mmnwmmmmmmzsm BATTLES CO Invesbnent Securilio EtUbliihed 1890 Independence Square, East a :am.imimmu'Mmiiumuamm:iiimML-i' riNANriAi. Dividends riturosALs poit coNSTRurrrio l.lA.tl.n. I.a.n.l - V . vwmmm ..ivvun. IIV.CT, . .. ijsren is, jb: . Mealed B.OD6skls for onnttruacl. Uhltii four, manufacturing ' ani o? roeiq siw v.m,. M WutUlnai wllf. b raoef- UrMall 1 1 aVritAatV ks sV -' ' . iT -- mu.1 JJlaril II ,o stocKholder. 0 recor U THE PHILADELPHIA, NATIONAL AK Pulladelphla. I'n. March 2.. HM., The Directors hso this (lay decl-red IM fallowing dividend on tho 13,01)0.00- Capliu Stock of thu Bank: . .. . 1 l'our Dollars (54 Pr hare 1 for t lie rs l threu montliM on J3.000.u00 ranltul Stn now represented bv stock certificates. . Two Dollars and Slity-seveii teg a ($..61 per share on 12,f O.000. Capital Block rc resented by sloc subscription receipts ImiW on or about February 2. 1020. ,, ,. The navmenls will etllial e the d vttlfP -...----- -.:". ... - ... , j 1. .t.ii on notn payat IVM. Checks wll le manen. . O. HOWARD MOI.rU. Cashier. he payments will etpia lie 1 the "Ivldtr" holh f.trms of stock, said d vldeiids Is l" sbls Marrh 31st, IBiO, to slocliholders t tint at the closrt of business -MaicB . a dividend "of on. and bne-giisrlj; ent IW" on 'the preferred sleek company, payable Apr I IB, , l. , ho ders of record on the books 'i . ny at tho close of business March 31 PHlLtVDELPIlIA .AvlcorI'",'T1:"V KMU Jill rheflnu't sl. Phllaaelphla. P?.h )5 The Board of Directors has tlils aiy dared a dividend, of ow a do "e-giisrlj; per reiii tivv this company,. itccKnniaera company at t Checks will 'JTlIu SBMrKFOfc, " "" ' March IT, 1.' HARRISJ3URG LIGHT ANU POWER COMPANY iiAnnisnuRO, r.. THK tWITKD 0A8 UIWIOVB- j OFFICE OK t. ..j i . . f'.i .. ...... aREnsslHslH fcj' " e"1sV. f-irB Jr. iii -' -'i.iUi SMI in
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