, 1
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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