i ' c,J!
. .
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EVENING PUBLIC. LBPQER-P 120.
I
&
'm
h
li--
'iS
xsyqP
Motor Wheel
Corporation
Cumulative First
Preferred Stock
A Preferred Stock
of unusual invest
ment merit.
100 and accrued dividend
Circular upon rcquett for l'E-29t,
TlieNationalGiy
Company
Correspondent oillc In over 80 Cltlei
IMtllailelphla -1421 Che.tnnt SU
Aliunde City Chalfonta Block
1325 Itourdwalk
BULL POOLS HAD
ABSOLUTE CONTROL
Soloctod Issues in Different Di
visions of Industrial List
Advancod Briskly
A Stock and
Bond Register
in which may be listed
the securities held, the
prices paid and other
data, is available for
your use. If you will
send in your list of
holdings vc will enter
them for you and for
ward the register to
you without charge.
George H. Burr & Co.,
421 Chestnut St.
Philadelphia
New York, March 3t. Bull pools and
tprculntire combinations were iu abso
lute control of today's tstoeV market.
These operations were extended iu al
most every direction, except anion the
railroad shares, which were relatively
hcayr, Little or no attention was paid
to the continued irregularity of the
foreign exchange market or the R per
cent renewal rate for call loans. There
wan little actual news to influence the
' trading much in cither direction. The
majority of the professional trading con
tingent were outwardly bearish and In
clined to play hard for a reaction. The
severe drubbling. however, received by
the short intercut in Stuti Motor, Cru
cible Steel nnd other recognized pool
shares, made the bear crowd more
cautious. This made the market rather
thin both wayi and while It went down
quite easily at times it recovered just
easily. As a- matter of fact the day'
operations differed little from those of
the immediate preceding session, except
that interest was concentrated more in
the pool issues.
The early trading was enlivened by
another skyshootlnc rie in Sttitz Motor
at the new high of .101. Other issues
dominated by, pool interests also were
substantially higher. General Motors
land Crucible Steel advancing 1 and 7"j
I points respectively. Selected issues in
the motor, oil. steel, equipment and
.uiiuk divisions were iuim'u up inui
vidually at different iutervals nnd giveu
substantial advances extending from 1
to 4 points, which were subject to
occasional setbacks on realizing ales.,
Tbef-e demonstrations were supplement
ed by a vigorous rise in the utility
shares, which embraced 'Wells Vargo
and United States Express and which
was accompanied by rumors of pros
pective stock dividends.
Trading became quiet at midday, but
the market yielded little of the morning
ndvancwe. In fact, the popular steels,
equipments and shipping shares were
considerably over the best quotations
of the forenoon. Vanadian Steel. Chi
cago Pneumatic Tool. Baldwin Locomo
tive and Atlantic Gulf and West Indies
were the chief features at extreme gaius
of .'' to G points.
8fc Preferred
Participating
with Common
up to lOo
Making possible
lSr0 Stock in
Company producing a na
tionally advertised Con
fection Biggest candy
success in the history of
the Indus-try.
Limited number of
shares avn.ilnhlr at oi-
$100. Dividends May 1
iv. i. ror iuu particu
lars address
Treasurer, Box C 113
Ledger Office, Phila., Pa.
New York Curb
INDUSTRIALS
HUb t.ov Lt
Am-r C audy Hi PS i'S
A mer Candy I'N '."
Brltlsh-Amer Chtm S'u S'j S W
Car Lilit S'i '-'j '-''
Cleveland Auto So 7:1 "-"
'"uban Amer SVgar .. .. 17 I'll t
general Asphalt 100H 'JO'J, Ji"
tirato Ola l. IS IS
Grate Ola rref 2'i i" '-'
llejden Client . "K .
Imperial Tobacco 101-, 10V, int,
Keyntone Folether ... i'. "'- '"'i
Orpheurn Circuit S31. 33; ?.:
Perfection Tiro 3 .".' "'
r-rcuman .... a a
Hn'Mi Co a; "' .t-
V .1 Web Speed Tool . 31', 31 ' 31',
V S Pteam .1 3 .1
Cnlld Plct Prod 13S 12'. 12',
Cnlted Profit Sharlnr 2U 2', 2'4
foiled nt Candy 1"- 1" I'
Wayt.o Coal 3'i .3 ' 3',
j" " IJ..JU J! J12mi" vi""
FOREIGN SECURITIES
Herlln la
nrrmrn 4',
Cnloene to
Dresden t
Kaaen 1a
TranUfort la
llnmbiirc 4H
l.elpelr IHs
I.ueherk li
Munlcb la
rhanicr S23S iwr rrl'' IR 20 prr
1000 liirk. loon Mark.
Complete details on request
Fairman & Company
Drexel Bldj., Philadelphia
Eitabluhed 1902
STANDARII OI1
Aiirlo-Amer Oil 2S1, 2'l'i
Indiana Plp 101 1l
S JI of C'al 313 311
INDETKNI1ENT OIIJ3
Alln Oil 3
AUlwl oil k
ArKanaaa Natural Gaa ... 31
Kuont Oil W
Doaton Womlng- 1
Burknett Van Clae .
Carlb n
Clt!a Srvlre B ctfi.
Coidtn L Co
20',
101
:il.
32 '
40
SO,
im
10
i
3,
3W
as
3S
Tzwrm
A Penna.
jf Corporation
The opjwrtunHv to iuvet In
a First and ("Mused Mortgage
of a loral public utility prop
erty. Permanent and well es
tablished. Tree of Pnnnsvl
vojiia State and Ncrm.il in
come Tax.
To yield 6..'J0rc
Information upon request
Baker, Ayling & Young
. J. W. SWAIN. Jr.. Man(cr
Land Title Building
Boston Philadelphia
Lake Superior 1t S. 1814
Anglo-Amer. (Ill 7H. 1S2S
t l'rnn, I. flu. 1016
Prima. I.t. & P. St. 1U40
Ilerch Crrrk R. R. Ind. ff. 19.1ft
HENRY D. BOENNING & CO.
STUCK KXCIIAKOB UCIMJINO
V Dlrrrt Prliale TIarhooa to New Vafk
v Mtmttra 1'blla. Stock Cxchani
Dominion Oil
Duiuons
Elk Baaln It
Eimeralda Oil
Federal Oil
Glenrock OH
Home. Oil
Horn Petroleum . . .
Hudson on ,
Inter Petrol 42W
Invincible 41
laland Oil "J1,
I.lvlnirJton ' '
Muma Oil '.
Metropolitan Pet ... 3l
Mex Pii 1J,
Omar Oil 5'
Pennok OH "J
Phllllpe Pet . a
Producer A Iteflnera . . S"
iuhi. oil I
Salt "'reek Prod IU1.
Pequoyah Oil A
Slmma Pet 2S
Skelly Oil 10 J,
Hpencsr Pet 2.
Texaa Uant-r 1 '
Texaa Co v I 3,
TTft TVii-lflr Coal 10s
I Tropi-al OH 20 '4
I Vlrtorla OH new ... IS
Vulcan Oil T
VTillo oil ii
Y Oil It
MINIM!
il.ta.nfltlih fMumbla 1 "i
I Arliona 8ller l'.i
1 ne'.rher nlld 10
! Belcher Extension 13
' U..IH .s
Hotnn '' Mont
Caled Mln 31
Canada Cop I1,
Candelara M V
Cona Cop M 4
Cons Virginia. ';
Cresson Gold '. . . l
rracent MeNamara. A
Da fleers Mines 40
Divide Ext
Eureka Croeaua 1A
KureUi Itollv IS
' Fnrty-nlne Mlnlnc 1'i
Oo'.il fons 13
i Oold Devel
Gold Kewana 3'-4
finld Merner " 3
JoM Silver Tick 2n
I Oold Zone 28
i (Treat Bend 2
II" la MlnlnK 4 ,'4
I Honduraa Sn 10
Jumbo Extension 10
Kn..x DMd- 10
I.niiUlana Co ',
MfK'ln Dar B"
MeNamara .-. . S
1 Mother Lode f4
Mother I.ode new V,
Murray Mor- .
ilphlr Silver ',
Prince Con S
Uex Con'
Rochester Mines
Hope. Oroup
Seneoa copper
Silver Kln of Arle. .
Silver Kin Dhld . .
S Slher Tad
Huccs. Mln
Tonopnh Belmont . . .
Tonopnh ''ash Boy...
Tono IMvula
Tono-J'm 11 24
Tonopah Mid-ray 14
Tonopah Mln 2.',
Tonopah Mlipah 1S
Tonopah Rescue. Eula 23
V S Cont 0
victory s
"Wen End c t
White Cape. 15
Wllbert . . ft
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4S
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10
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101. 01.
I '4 1't
S3 ".'I
107 101
111 2"U
IS 1S
30'. 31
11 II
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10 1(1
12 13
it:. it:,
31 31
m is
4 4C
3H 3S
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40 40
;
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13 13
Securities
for Investment
JosepKW.Gross aCo.
1421 Chestnut St.
Conriponu'enf
Aldrirf fi Company
',
1
A
A
2'.
ins
n. "
-,
3,
3
2H
21
ft
11'4
in
10
i
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H.
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n
2'i
10
2S
24
11
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23
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20
2S
111
in
10
57
S
St
VI
70
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in
0
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2VJ
21
II
2 A
1.1
23
o.
,1"
ft
BONUS
Albed Ttekee r,a . 7T' 77't 77't
HeliUn Gov (j '25 (i.Vt 03i 03.
Anglo-Am Oil 7s.. .. 100S lon'J lOOVi
LONDON STOCK MARKET
SUN COMPANY
10 Yr. G Bond due 1029
Yield high return
fret) 0 I'enna, Stale Tar
REED A, MORGAN & CO,
H VMfiTpn TttUST HUlltDINO
J- atwi)i ,ort u fniia, piotn sx.cn,
Gllt-Edged Section Steady Home
Rails Were Hard '
London. March 31 "Whlta trading In
the oIIh on th stock exchanrn vran not
brisk today, the undertono was Btroni;
Shell Transport and Mexican Eagles
both were quoted at 10 13-16.
The Kilt-edged section 'was steady,
and French loans were better. Home
rails wers hard and South American
rails wrre Irregularly firmer.
Generally tho markets were quiet but
firm
Today's Range In Liberty Bonds
(N Y tlm
jn.'i
p. m
TTrr-
NEW YORK STOCK EXCHANGE TRANSACTIONS,
8
B
A
10
4
6
.1
7
10
f
S
4
7.
7
a 50
Dlv,
Sale, In $
700 . .
140A ..
100 fi
1100 (
10t0
31)00 ..
1700
300
200
300
300
000
1100
1110
lot
0300
KOO
100
loo
, 100
100
100
moo
too
300
500
100
200
000
::oo
:o
too
10300
3500
100
100
200
2(00
100
700
00
300
4000
100
200
100
58200
1000
too
700
1000
7300
700
con
soo
200
200
200
KOO
700
100
500
500
1200
2300
700
200
600
500
4500
100
2.500
700
119
200
100
100
6100
3000
2700
200
MOO
S.00
7200
son
7200
00
100
000
too
HO
.V.01
500
;o
5011
400
31)0
100
too
3101
2300
7300
300
.too
300
100
20)
100
100
000
400 4
100
200 G
1500 I
100 7
1700 r,
100
1000
400 ,..
2400
2100
300
500 6
1300
100 3 50
100 3 50
N200
tilth
Adains Express 40
Advance Kuinelv .... 44
Advance Humely pt.. 70
AJax Rubber 76
Alaska Gold Mines .. 2 ft
Alaska Juneau a M.. 3
Ants-Chalmers 44
Am Acrlo Chem .... 9t
Am AktIo Chem pf... (OJi
Am Bank Note 46
Am Beet Suear 88 yj
Am Bosch Magneto . .121i
. . Am Can . . 49 li
12 Anf Car A VAy .' t3?i
4 Am Cotton Oil 4a
8 Am .Druz Syn 14 H
C, Am Express 174
Am Hide & Leather .. 2N
Am Hide & Ucath pt. .U4H
4 Am Ice 51H
6 Am Intcrnat Corp ...103
1 Am-La Franco Ens .. Uli
0 Am Locomotive 105
1 Am Locomotive of... 105
Am Ship & Com 34H
Am Smelt & Itcf OSJi
Am Smell Sec A .... 83yi
Am Steel Foundries . . 47J
Am Sugar Uct 1A
Am Sumatra Tob . . . . 100?
Am Tel & Cabla .... 54
Am Tel A; Tel 061,
Am Tob Sco temp otfs 7?
Am Woolen 133 tS
Am Woolen t .I01H
Am' Zinc Lead & Sm.. 1!4
Ann Arbor 13
Anaconda Topper .... f
Asso Dry Goods 43 li
Associated OH 118
Atch Ton & Santa Fe Hi '4
Atlantic t oast Line . . 00
Atl Gulf & W 1 S S..17
Atl Gulf SWISS pt 67,
Atl ItcnnltiE 7 fd ...11314
Auto Sale-" C tern ctfs 13?
Baldwin LocomotHe. .137',
15
Baltimore & Ohio ... 31
Barnet Leather ... 73
t Barnadall. Clara A... 4ST
5 nethleheni Jlotors ... 2S'-4
. Bethlehem Steel n .. 97
Bklyn Itapld Transit. . 16
Hklyn n T ctfs of dep 13
Bklyn Union Clan .... 50Vi
7 Brown Shoe 101 !4
Butto Copper & Zttn.'. . 1014
Butto & Superior Cop. 37ft
. Caddo CentrHl O & It. 34
California Petroleum. 39
Calumet is Arizona . . 65?4
Canadian Pacific ....123
Central Leather . . . S6!S
Ccrro do Paaco ("op.. 51 Vi
Chandler Motors . ... 161 IS
China ko & Ot West . . 0
rhl Mil & St Paul . . 37
Chi Mil & St Paul pf. 51
Chi & Northwestern.. SO
Chi Rock Isl & Pac . . 3C'.i
Chi n I & Vaa 6 pf. ft
Chi Pneumatic Tool . .let
Chile Copper ... . 1S4
Cliino copper SOU
7fCluett Pcabody pf .. 100!
1 Coca-Cola 36)4
Colorado Fuel & Iron 3U
50
7
Columb Gas & Klec. . 05 V
Col Graphophonc. . . . 4T
Consolldatcil Gas .... 904
Con Interstate Cal M 18 H
Consolidated Textile.'. 33',
Corn Products Rcf . . 02Tj
Crucible Steel 2G9'2
Cuban-Amcr Sugar . 194
Cuba Cane Sugar .. . 50'4
Deere & To i! 09?i
Ticnver & Illo Gr pf . . I3?a
Dome Mines 125
Krlc 14
Kno 1st pf '23
Famous Placrs-L .!8C.'
I'amoiiH Players rta. . SI"'
Federal Mln & Sin p. 39 IS.
Flsk Uubber 37 .
Freoport Texas 2Jj
Gaston Wins & Wltf .. 15?
General ('hem p" .... 9I'4
General Klectrlo 158
Gen Electric IUn 3?4
! General Motorr . ....38S
General Motors ctfs... S84
General Clear deb pf.. 73VS
Gen Mniors ilcb " .. 034
(ioodri"h B F 69'
Goodrich B V pf 01
Gt Northern Ore ctfs. 3V2
U'jnby Consul M & S 49
Gray & I "avis 3
Great Northern pf .. 8114
Hiiskell & Barker Car MV4
Ilendcc ctfs 40
Homestako Mlnlnc 60
Hupp Motor Car 17H
Illinois Central 91H
inspiration Con Cop .. 00
Tnlerboro Con Corp .. I'i
Inter Con corp pf ... t54
lot Harvester 12714
International Nickel.. 31
International Taper .. 85
Int Mer Marino 30S
Int Mer MarliiH pf ... 94 ?t
Internal Miitortrtlck .110
Int .Motortruck 1st pf. 77'j
Int Motortnirk 2d pf 014
Iron Products Corp. . 17?j
3 tt
434
70
.76
a IS
4JJ4
1
90
45
88
120 W
43H "
147?4
40
14?4
11
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100
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'100
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100
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100
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33500
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3100
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2030
200
100
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500
100
3700
1400
100
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Dlv.
I" 1 lllch
.. Jewel Tea ,.,. I3H
.. Jewel Tea, pf ....... 3754
Kansas City South,, 1754
.- Kelly.Spe.Tlro ..,...,3154
2 Kcnnecott Copper . . ,;. 37
.. Kcystono Tiro & Hub. 3714
.. Lackawanna Steel ,., 7954
Leo Rubber A Tiro... 34 V
Lehigh Valley '4414
LiRBCtt & Myers rU :,' 10J4
7 Loowo Co I, 33
Loft Corp V20lS
.. Lorlllard Tob nta..V 8
.. Loone-Wtlcs Biscuit i.'g54
in .iiacHtty cos.pr .ni
., MalllsonV CO ,.;4414
.. Mahatl Sugar .,,..1.115
1,75 Manhattan Shirt .... 3094
.. Maxwell Motor ...... 3i
.. Maxwell Mot ctfs ,,-i 33
.. Max Mot 1st pf ctfs,. 5454
10 Mexican Petroleum ..'3ollS
1 20 Middle states Corp.,, 3554
4 MldVale Steel & Ord,.' 4794
1 "Minn St P.& S St M ..-S
.. Mls'sour.1 Kan & Tex.. 8Ji
. . Mo Kan & -Tex p ... 1414
3 50 Missouri Paclfle .1.., 27JS
.. Missouri. Pacific pf ..'4454
5 Montana Pqwer . . . .'. 88
.. Montgomery Word .C.3914
4 Mulllns B.ody 4094
. . Na Analtuo & Cheln , ft
7 National Biscuit 115
5- National Cloak & S..7o
.. New York Air Brake. 108JS
. . New York Central ...; '74 JS
5 New York fiJbStl,.. 31
"N Y Chi & St L 2d pr 40
New York N H & H.. 331S
Northern Paclflo .... 80 14
Nova Scotia S ei C... 04'
Ohio Cities Oas 45
9:30 Net
LCtv (NTtm) Ch(.
15H SH
3714 - VS
1714 n
311S
78 14
'lOJirf
31 -
201S
8 14
51 - SIS
04
37 IS
1714
3114
3194
3014
78
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44
10JS
31
3014
714
54
Ci
1H
14
H
li
H
1H
94
W
4114 - uy - ?
1
7
.
4
.10
Okla Prod & Rcf .... 554
. Ontnrln Silver Mln ... 054
8 Oils F.tcvator .141
. Otis "Steel 3254
Owens Uottllnc Much. BIJS
n Pnclllo Gaa & Klco . . 52
ft Pan-Amei- Petrol ....10394
0 Pan-Amcr B so
3 Parish & Bingham .. 43
. Pennsylvania 11 R ... 43J4
. Penn' Seaboard Steel.. 32J4
. Pcre Marquette .' 38 94
. Philadelphia Co 38 IS
. PJerce-Arrow Motor . 7054
. Pierce Oil ..; 1854
h ipcrco Oil pf ,... 02 IS
Pittsburgh C of P.... fll
. Pittsburgh & W Va . . 30K
1 Pond Creek Coal .... 30
5 Puntu Alegrp Sugar.. 8694
2 Ray Consolidated Cop 20
4 Reading ,t fi.
'. Remington Typewrit.. S3
Reploglo Stcpl v47 54
Republic Iron & Steel. 109
7 Republlo Iron & St pf 90 (S
. Royal Duteh'N Y .... 10594' "
.axo:t Motor ltili
Se.iboard. AJr Lino pf. 16 li
3074
'?
&?ars Roebuck
St Lnuls Son tY:in
St Louis Pn Fran pf. 31
I St. .Joseph "Lead ...i.'iCJS'
. Shell Traha Tradlne.. -81
. Shiclalr Cdnsol Oil... 4494
7 Southern Pacific ,....10054
. Fouthern Hallway ..'. 33 1A
. Standard Oil of N J. .835
. Stand Oll.of N J pf... 11214
. "Stewart Warner Sp.. 4714
I Studebakcr 1. 10794
. Plroihhorg Carb ...... 9394
3 Stutz Motor ,391
Superior steel 5694
. Tenn Cop & Chem .. 1354
. Texas Co 31294
Texas &.Paclllo ' 4314
0 Tobncci' Products .... 72 -
. Trnmvontllieiithr Oil. 2054
. Trnnsue &.Wms Steel.. 62
8 Fnlon Bag & Paper.. 113
. 1'nlon OH SI
Uilion Pflrin-i 130
I'nlteil -Alloy Steel ... n
Vnltcd Drue 133
3 oOlnited Drug 1st pf .. 50!j
12 I'nlted FlUlt 301 '4
3 United Rtall Stores ., 7934
.. I' i' I f F(ly....3l4
.. US ICxprts.l 3594
V S Foo! Products.. C0H
V S Ind Alcohol 0594
U S Realty & Imp... 581S
V S Rubber 11114
8 U S Rubber l3t pf ...US
5 US Steel 105(4
7 U S Steel pf 11394
0 Utah Copper ........ 7014
4 Va-Cnrollna Chem ... 7314
.. Vanadium Corp ..... 7314
.. Wabash pf 27
. . Wells Fargo I2xp .... 70
.. Western Pacific 31 U
7 Western Union Tel .. 8s
4 Westlnghousn K & M. 51 14
.. Western Maryland ... 104
.. Wheeling & L Krle .. . 7'4
4 Wtiltn oMotr 07 'i
1 WillyH-Ovcrland 24 i
H Woolworlh F W ....1229,
0 Worlhlngton Pump .. M
Ilx ! i'lptxl. t V. rlslita.
10
4
8
8
8
.8
114
3094
3514
33
53
1991S
32
47)4
7354
854.
14 54
2754
14
r,s
39
4S
65
115
70
108'S
71
31
40
33 '4
79J4
61
H'4
514
R54
IU
-354
go 14
51
101 is.
05
43
4374
32
S7 94
3314
08J4 '
18
9315
63
3094
1094
8494
1914
8414
83
10 5S
10714
0054
lota
16 IS
1854
32D
3154
31
1014
-70'i
434
095.
2.1
810
112
405S
100
0154
38n
M14
1294
21014
4254
73
2514
82
111
331,
11994
4K
13714
,50 54
10794
38 K
4.215
3114
0.1
01 VS
54
11094
113
10194
11314
7H
734
(W
3614
70
3014
88
5394
I0H
714
6G
'34 94
I32J4
8t
114
3094 IS
351S VS
33 194
5414- 14
19S1S IS
34 54 354
4714- !4
7.
8.H-
14 IS
-
68
3954
. 4814 I
65 94
115 94
70
1081S IS
7454- 94
31-3
46 - 4
33 M
8054-
64
41!4J
4'i-
0
94
'54
94
114
54
54
94
IT
I
141 r
33 '4 i
60 54 -51
H -101':
:
IG
43
423 -3'!'i-28
V.V,
fiS14 -1"
-
2'5 ,
83 '4 -30
S ,
1994 -
so
20
M54-
,-3
4 7 i -r-
1M14 I-
9915
tot;s
1014-
1014--
270 fi -23
-
31 - 54
10!Sr 14
79J4 i
1394- 94
09)5- 54
23 54
810 -13
11214- Ji
16,ls - 14
10794 394
0394 294
35 15
5694
1314 IS
21394 294
4754 - 1
li y.
14
394
194
'A
54
V
20
.0?
lit
34
120
48
138
.1
194
1
IS
94
Kntt
20194 194
70JJ 194
as IS ..
3594 sji
609. U4
94-14- 5i
5(5S 194
11I1S t- 114
113
10554 114
11394 ..
795S 214
7.V4- 14
72J4 4T4
"694- 54
76 10
.1014 . 1
K3 I- IS
5394- 94
I0H, ..
754 ..
co 94- 14
-U4- 14
17294 94
81 I- 1
I Commodity Markets
COTTON MARKET
New York. March 31 The cotton
market opened firm at an advance of
12 to 32 points on active trading, Liv
erpool and speculative buying. All
rronths scored new high levels for the
kpaon either on or shortly after the
At the end of tho first fifteen minutes
prlos showed net gains of 30 to 33
points. Realizing sales for over tho
holidays were well taken.
Private wires reported rains In Mis
sissippi and Tennessee and In parts of
Alabama. . , .
An easier foreign exchange market
and unsettled stocks wero disregarded.
The receipts at the ports for tho day
are estimated at 20,001) bales, against
19 019 bales a week ago and 25.U.20 a
year ago.
I
FOREIGN EXCHANGE
May . . . .
July
October
December
Jar.mary
PpavIaiib
.,--. ,-Wun am
i8(io aft no ati.tn
. M 07 an an
rt.' AT, 32.80
. .11 e 32.02
.11 2K 31.4.1
N. Y. Time
11:30 1.30
n m
an 4i
art'.75 S'l.7.1
.12. 2 a
32 43
32. 15
GRAIN MARKET .
Chicago. Marth .11. Trade in corn
was more aothe this morning nnd senti-
... U..lli.l. Tl.nro WHS CPllPrill
bovine bv commission houses and ns
Offerings were nmiiru i"- .. .
strong. Small receipts, the arrivals to
,"..." r. Vnlv 1(14 iars. and
strength in the cash article discouraged
sc"Ine--.-
1 , i r.T.v. tn si.nsii.
against S1.57h at the end ytertl"f.
Jtilv htorted at Jl.CIVs Sl.Rla.
'-. ei r.i t tho unit rriitfr( XV. nml
moved up to $1 r.2. .September started
at $1.47' 1 to ?1 17 Vs. compared with
Sl.W'S- yestcrnay a insi iin.v, uu.,
later sold at ?1.17T's.
May nnU wre in general demand at
the outset, while the more deferred fu-
..... 1. nn cnnin.irfltlvMv nllict. al
though they aNo wero flrtuer. Husi
ness, however, hhnned uu improvement.
The receipts here today wero 8.0 cars.
,., .. ., n.ii,J nt KHa. c In fi7c nt flic
outset, against 80B,c, yesterday u laj.t
pr.ee, and later sohi ai 01 vsr. jimj
opened at 70c to "OV3C, agalust (OUr
at the end yesterday, and rose to 70e.
The receipts 01 wueai nerc touHy were
7 cre
Leidlnj futures ranged aa fellows.
(Chlcnto time)
Corn-(i delWery) 10:30 Vest.
Opon lllirli Low a. m cloae
May ... 1 MS
Lib Bond
Lib Honda
Lib rionds
Lib Hoods
Lib Hoods
Lib Bonds
Mb Bond
Vie Not
lllch
31,-i.. 07.01
1st Is, D0.00
2.1 4s. 80.KO
let. 4V. 8 1)0.81!
2d 4,4 80.88'
3d 4v4 t2.t)8
4tb 4l4sO.O0
sm.so
O0.M)
80.40
00.70
80.70
1)2.00
80.71
07.50
RT.V
nti.oo
00.50
SO.fJO
00.8'J
80.1
02.08
80.88
07.00
(la II iJ'iiT a, an a"vt,
1 ft'Jt 1.574i 1J18W 1.ft7ii
July l.al'4 102 l.Olti 102H 1. 01
Oati
R7U
70H
SSH
79U
l... . . M. S7. KHi
July" "iOU 73'i 70!
2l .. 20 00 20 0.1 20 00 20.00 t20.72
July ...21.72 21.72 21.63 21.63 21.32
May . 19 15 19 's tl9. 05 tlO.05 118.95
July 10 53 19 02 10.33 tlB.OT 19.42
tA-od
BAR SILVER
Commercial bar silver waa quoted in
New xorit ioaay iu t,.o un oun
unchaJigea. m jyjnaon,- tno prio
,IV" t' 'T .
, Nen 1'ork. M.ircll 31. -The foreign
exchange market opened slightly
ntronger this morning (or nil ichiingoH.
Sterling wa one cent up from Inst
' mIcv1.,'u aIbI.iiv lw.!r.c ri.iritml nt "I 1! .! I ,.
for demand .ind 3 87 for cables.
FrancH nnd lire wer the onlv ex
changes to show losses, the former
dropping 17 runtimes to 15.03 for
cables and 13 OS for checks, and the
latter declining 16 points, to 20.70 for
cables and 20.72 for checks. --At E.70
for cables and 5 72 for checks .Swiss
exchanges were up 2 cents and guilders
also rose slightly, being 37 for cables
and 36 74 for checks.
other quotations were:
Pesetas cables 17.40. checks 17.30;
Stockholm cables 21.00. chocks 2175:
Chrtstlanla cables 19.55. checks 19 40;;
Copenhagen cables 18.56, checks 1S.4H;1
Belgian cables 11.10. checks 1112;
marks 1.40. Polish marks i. 63, Austrian
kronnen .47.
Around midday the market showed
Improvement. Demand sterling was
quoted at 3.8CH and cables at 3.87 !
French exchange Improved 12 centime
from the earlier figures, to 11.90 for
cables anl 14.92 for checks. Lire made
little headway to 20.60 for cables and
2ft. 65 for checks. Belgians were
slightly better, nt 14.02 for cables and
14.05 for checks. Marks were up, at
1.40.
In mid-afternoon, the market showed
further Improvement demand Hterllng
rising to 3.8814 and cable to 3.89
French exchange showed a rally of 20
onntlmes from tho early low, at 1 1 fit'
for cables awl 14.82 for checks. Lire
stood at about 20.60 for cables and
20,62 for checks. Marks showed a gam
of 3 points on the day nt 1.12.
"T.STKnDAY'B FINAL LXCHANdll
flterllne Franca J.lre Uullrters
Demand XHf,K 1 1 rt :n 2 am
Cables 3.8' 1104 20 Hi) 3US
TODAV8 OI'IININO QUOTATIONS
Sterllnc Fram-s Mre duit'leri
Demand .. . .1.SH't 1.10.1 2(1 72 !
Cablea .. . . 3 S7 15.03 20.70 .17
BANK CLEARINGS
Hank Hca ring's today compared with ror.
responding day laal two yearn.
1020 lftio 1!HR
Phlta. ..7n.at7,ll4t IRS.4H7..1SH JM.S2U.HI3
Ir.aton... ii,ii.n.vj nn.son.OBO
t tltlmora 14.722.801) 1rt.l04.tni ..
Chicago. . .102.021.. 'WO t!l7. 074. :iOn . .,
JS. V. .. .BU3. 1147. 44U BOtl, 01, 1,7 010,583,1)17
Financial Briefs
MONEY-LENDING RATES
NEW YOnn Money on call, both
classes of collateral, opened today at 8
per cent for lending and renewing.
Time money was quoted today as
lending Iu small lots at 8'i and 9 per
cent and tho market Is only nominal,
owing to the heavy Idohtednrss of tho
baks to the Federal Reserve. Ilank.
Prime mercantile paper is rrtoderatelv
active In the Interior at a 7 per cent
minimum, but locally the Inquiry con
tinues light.
Prime bank acceptances are slightly
more nctlvo and rates are unchanged.
Call loan on acceptances stand at 514
pep cent,
riULADKLriUA Call. 6 per cent;
time, 6 per cent j ..commercial nancr,
three to six months, 6, per cent,
H LONDON Money lv Quoted nt ,l!
T cenu iJiswituii roi, snort, ,!
ireW month' blUA $ Pr cent.
ICES HOLD Fll" i
Carstnlrs & Co. iniiitiuin-n that Wil
llhm L. Moorehouse has withdrawn
from tlin ilrm ns general partner.
Opinion was divided nmong members
of the governing committee of the
slock exchange yeMerdav as to whether
tho petition of members for a holiday
Saturday. In addition to Good Friday,
would be granted. One governor stated
it to be his opinion that the exchange
would remain open. uhlle. another
thought the brokers would be given a
Hire, -day holiday.
The movement of Kumprnn govern
ments to false money in ihls country
through the Kilo of int. nml bonds Is
growing In momentum The latest In
the field Is firecce, which h going to
llcat a drachma loan ai home and
which wool 1 like to e . 1 the Internal
bonds to Gn-eks resident in the United
Slates.
Alfred I. duPont has bem elected it
director of the Franklin Trust Co of
this city. lie succeeds A c Woodman
who went on tho board temporarily
because of the death of Ins brother.
As a result of operation,, )n ,)l0 y
ended December 31, the .hattuek rl
zuna Copper Co. showed ,, imt loss after
expenses, etc., of 18fi,4!)'( which com
pares with a net Income nficr expenses
and federal taxes, etc., f.f J213.4C7, or
sixty. nlno cents share . irned on tho
u, 500,000 capital stock h, isig.
Iteports that Mexico v ,,,out to re
Hiimo payment of lntereM on her debt
were suhhtHtitlated yesterday. This
debt conslBls of the tw, loans the
9,000.000 consolidated .Mn due 1915
which has been In default slnco July
1 1911. and the S37.oriu.i00 loan of
December I, 1954-, which has been de
faulted on for ii month longer.
Tho Western Union Telegraph Co
l-as Issued Ph annual report for year
ended Iiccetnoer 31, hhowlng surplus
avalluble for dividends of 110.630,386
equivalent to J 10.66 a share ($100 par)
earned on tho $99, 786 727. outstanding
capital stock This compares with sur
plus of 410.460,997. or J 10.19 a share
earned on the capital stock In the pre'
ceding ear. The Br0ss l revfchue
amounted to JOB, 308, Co, aa compared
with J5t.283.1tl In 1!I8. K
Thoman I Lunny has resigned from
Brown Hrothers; & Co , to become asso
ciated with one of the duPont interests.
In Now York, In an odlc.lal capacity.
The New York Subireasurv lost $2.
130,000 to the banks yesterday, reduc
ing, the cash net gain since' Friday t0
12,011,000. "
The average price of twem,. mi.
Industrial Mocks adtancei) ,22 per cent
yesterday to 102.48. while tw6nty- rail,
roads declined .15 to 76.16,
. Papkjna Pint-Workcn-Lald p
eiilcago, Maxell 31 About snoo
additional .vvorKera at tho, packing
plants here vw laid o fftoday because
of the strike ,rthe Union ytockyardd
here. The rteMpr now idle in "pov
in- (nu-r. lUHawtnl tc nun. rr
. wo. MMaKr.--i ,,,, -. lTlN
ON LOCAL 'CHANGE
Slight Incroaso in Volume of
Business Tractions Attract
Attontion
A sllgjitlr Incrcnsed volume of busi
ness marked the opening on tho local ex'
change this morning, with prices holding
generally steady. The most pronounced
fentnrn of the early dealings "was a alc
ot n block of American Gils',- which lost
H, IUIIILO UU V .UlUUIbl.
The shares of the Pennsylvania nail
road came In for n good deal of atten
tion, somo 70t1 shares changing hands at
around recent levels. Lehigh Valley,
selling cx-dlvldcnd, gained a halt on a,
small lot.
The traction Issues attracted some
Interest, with Uolbu Traction sacrifi,eing
'4 at M't ou a salo of some 200 shares.
United Oas Improvement, also selling
ex-dividend, was up a full point.
The Liberty issues were the most
active in the bond section of the ex
change, although price changes were
unimportant,
Tho money slttintlon Is stilt regarded
with a good deal of confidence partly
because of the recent arrival of gold
from Europe and knowledge of other
shipments now on (he way or iu pros
pect, nnd it was thought that before
long this gold movement will enter into
Urn lin.incinl situation and exert uu
extremely favorable influence.
Philadelphia fitocks
HlBli I.nw
1:30
Pi
Net
chce.
1-110 Am Strs. WV, -'2 UU,-.l
MO do prcf. IY2Vj i)! Dl-if (
1."."iAm Ons. ."0, fiO 50 2
lootBcthHB rm fW5 ntiH
mi ui stor..iir iir no .,
7 I Co N A "0V. "0V. 20 IA..
-ni rets iu p in
100 rets f pd 21)
an Key Tel. 10.
l.'O Lake Sun 10
27 r,eh Vol II 'n
10 N'or-Cont (15
111)1 I'n It U. 12TS
572 Phila Co
cum pf. ."."
CO.- Philn Elcc 2.-is
nn PMIn rr. r.oli
lOtSinc'rOHMi - 4-.,8
12 Ton llel. 2 2 2 .. .
.r)0Ton Mln 2,t 2 21, V,
IS." Un Tract W; V.'.l ,",.T . Pi
1003 U.G U 10S -tSJl.-IS-f. i
20 do cash. 50 50eA 50 (J 4-
210 tU 8 Stl.105-' 101: 105 1
Net change madeTiy compkraon. wltb .laat
sale In New yor( stock Kxchange.
Ex fllvldend today Leblgh Valley. 11.73:
20 Vi
II)
2(1
101j
in
ii
(18
iaoi
511.
10 el-1
20 -j- V,
-.1
51)
Net
chse.
Rale In nONDS 1 :,10
S1000 Illeh Low p. in.
i-ju Am uas m
Elcc 5s .: 77 77 77 2
1 Lib'y Bond
2d 4Vis. S0.70 80.70 S0.70 .02
0-10 3s .., Ofi.Ot 00.04 00.01 .30
0 1-10 3d 4Vt. 02.08 02.02 02.00. 12
25 1th 4148, 80.02 80.78 80.00. 10
24 Vic N 4-,is 1)7.02 1)7.50 07.02. 12
." Penna g 5s 8S', 8S1 8S', V,
1 do gen 4Vjs 7!)'i 701. 701, i
j. i'enna uo
cons 4Vs. 00
4 Phila Elcc
1st 5s . .
I Read gen 4s 78-K
1 Snan-Am
I fls 00l8 DOs
1 Unity In 5s 70 '-70
fP'H
00 00
80!5
7851
SfliU 3iJ
78'7i
00 'i 1 J
70 ..
Philadelphia Markets
WHEAT Receipts. .11,612 bueliela. The
market ruled firm at aWemment prices.
COIIN Herelpts, 27.004 buehela, Trade
was quiet, but market firm. We quote new,
aa to quality nnd -location, at 11-7001.80.
tb latter for No. 2 yellow.
OATS Receipt!. . 12.2 bualjel. Firm
and hlsher. -Car lota ns to location No.
2 white. 11.07.', 01,08: No. 3 white.. Jl-001,
K07 fio. 4-whll! W.DRVinon.
FLOUR HecelPts. 400 txirreln and 2.
108,361 pounda In sacks. Hteady. Quote:
per lftiJ lbs., packed In 110.1b. Juto" eacka
Softer winter straight, wentern, J10.75S
11.5.1: do. do. nearby. flo.il.ieU; bard
winter, etralsht. tl2.23t12 7.1. do. ahort
patent. Illl.i.iyin.SOi aprltiK flrrt, clear.
10ta10..VI; do. patent, $12.0091.1.20: ahori.
patent. 114014.50: fany aprlnu nnd city
mllla. patent, family branile. 11.1 24HI 1 1 11,1
nYl: KLOUJt 10.70010.20 per bbl.. u
tucks as to quullty.
I'KOVIMIONH (Inner. Href. In etK.
enioked and alr-drled.. 60c; beef. knuckl'H
and tenders, smoked ' and alr-lrleij, r.i.-,
pork, family, r.Oc. Iinnin, ft. I', curert, Iook--.'nw.llc;
(1i. skinned, looee. 30(aaoc. )..
do. smoked, rca MWc; liama.. bulled. n
less, inc. picnic ehnuldera, S. I. cured,
looee, vie. do, amoked, 22o: belliea. in fickle,
looee, 2tlici breukfupt baron. 32c: lard.
23lj c.
lll'TTIlll flrni. Oilolatlona: Pnllil-parkM
creamery fancy, lilsh-smrlng Kooda. HHU n
70ljc: extras, Il7!'jc, extra Orsts. (1.14 ri
nnir; nrate. 02'ffillci aeconda. Br.l r,H,-.
aweet creamery, choice to fancy, fl!)i, nt
7H4cj fair In ool, R7WHS'ic: prlnla full,
blng at 7.'.'3 77c for fancy and at 048 71c
for fair to itnod.
rtftoa lower. Kree caaes. nearby (Ire's
tia.H.1 per crato- nearby current recelpt.
Jl.l.ai; weeiern extra (lrata, S13.R0: wem
ern tlrata. 113.20; southern. 2.finlS (1.1
eclecled frcnh rigs jobbing at 61,13o rr
dozen.
I-IIKKSR (Irmly held. .New Tork whole
milk (lata, held, fancy. SO'-j ej.llc: pecl,il
hlcher; held, ordinary to good, USOSDus cur
rent make, ncmlnal; Jobbing sales of faiii
good. 32 ra 3.1c.
LIVE rOULTRT rowls, fancv. fat. 41 (I
1c. do, medium, 41W43e: do. Inferior. 3S
11 40c; hrolllnc chickens, fancy enft'ineatrU.
weighing l'i&2 lbs. nplere .1.1 V On.-: eprliiK
chickens, average aoft-mented. 421t4k'i do.
Inferior afHOc: .itugiry nunj rooetera, in
."(2c, old rnnatera. 2.1(jr2'le: ducks vhlt
Tekln 44W4HC do. Indian Itunner, 424.1i
d'. Muion-y. :iuflr32r. turkeya. UlQ-ISc,
plgeone. per pair. noCffOOc:
nrti:SSED Fowls. fresh-killed. dr
Picked. In hoxea, neighing 4 lh. and mer
apiece 41c: weighing .m ,t aSfffSnc.
welching 3 lha SllfflSe: fowa, freah-kllled
In bbla. . dry-picked, weighing 4 lbs. nnd ever
apiece, n'4c: weighing 3V4 b., S'tB'SSc,
weighing 3 Iba., S.ICff.l.lc; old roontert, dry
picked 20c.
KIIKSII FIH'ITH Apples pe bhl.. aa to
nuallty. fl&S.Vli do. per box$l.nofi;4.2.1
Cranberries rr barrel, J3B7. Oranges,
Fla., per box. 12.7(188.05; do, Cal.. per box
13fi'7.CO, Grapefruit. Ma,, per box, 1T
4 10. Mtrawberrles, Fla., per quart. 10
OOc.
VKOKTADLKS While potatoes, per cwt.,
1.1 SOW B, 00, Sweet potatoes southern, per
hamper. 11 3R1?2.B0; do, Jersey, per basket,
fl.BOiftS Cabbage New "York, Danlah. per
ton. f I0T.1O; do. rfa , per hamper, tl Mttfra,
Onlona, per 100-lb. aarka Tellow, 3tf6.13,
DIVIDENDS DECLARED
Holly Sugar Corporation, quarterly of Pi
per cont on preferred, payable May 1 to
atnek of record April IB.
Mohawk Mining, quarterly of II, ,10, pay.
able .May 1 to alrxk of record April in,
Oreen and Coates Streets Pstaenger Hall
way Co.. nuaTterly of $1.30 n ahare, pay.
able April 7 n registered March 23.
Northern Stales rower Co . quarterly 1i
per cent on preferred, payable April 25 to
stock of record March 31
lte Telephone Co. of Pennsylvania, quar
terly lVi per cent, payable April IB to stock
of record April f.
International l't'r Co., quarterly of Hi
per cent on preferred. iMyable April 15 to
itsck of record April 0
BUTTER, EGGS AND CHEESE
New York. March 31 HDTTKI1 Heady
neealpts. 047 llibs. Creamery, higher than
extras. J7tte, creamery, extras (1)2
score). SUW-ir;' (Ut (Rft lo 01 score).
2i446S'o; packing stock, current make,
Ni'. 2, 37e. ...
KUU9 unreuieii. iteoeints, s.".74i casta,
-eeh-irathered. extra flratn. ir.Ajjnn. ..,
4345oi atale. I'ennaylvanla and nearby
Logan Trust Company
. At meetings of the board of directors of the
Logan Trust Company held on Monday, March
22, 1920, nine riew directors were elected.
These gentlemen are all either directors or
officers of Fidelity Trust Company, and will
constitute a majority of the Logan's board.
Thr control of the latter named1 company
thus passes, to interests represented by the Fidelity
Trust Company.
The Fidelity's policy will be to care for the
interests of the depositors arid stockholders of
the Loeran in the same manner in which its own
business is managed.
EOREIGrt INTERNAL BONDS, j
Wo havo established
Direct Cable Communication
with
Belgium. France, Great Britain and Italy
and through our agente In theco countries cun offer subject
to change in' price
- . Tuesday's Closing- Trice nt Tor
, . . Trices JUclmneo Normal
Belgian GotK Reijoration 5s $71 per 1000 fn. $193
French Got. Victory 5i 62 Vi per 1000 in. 193
French Govt. 4i of 1917 50 per 1000 fr. 193
Britiih Govt. War Loan 5s 352 per 100 486
Italian Govt. Coni olidated War Loan 5t 45 per 1000 lire 193
Belgian Govt. New 5i, 1920 .$79 per 1000 frs.,
French Govt. New 5i, 1920 ; 71 per 1000 fr.
We are prepared Ui give information concernfng these and
other Foreign Securities and invito correspondence on this
subject
EDWARD B. SMITH & CO.
Bankers ' '
1411 Cheatnut St., Phila.
ELKINS, 1MRIS & CO.
Bankers
Land Title Bldg., Phila.
Kreah-iatherei, extra flrats. 4t(M0o- Urals
4ttff'43et atata. I'ennaylvanla ami ,...vK.
hennery whites, nrt to extraa, BIOSSc!
tte: rennyvanla and nearby hennery
browns, extraa, Hurt S2c, rto, sathere.1 browns
and mixed color, flrata to extras, 44f4gn.
CIIKKHB Irreaular Ilecelota, 2137 tuba
fltate. whole-milk flat, held, medals, mitl
gc, do. sverase rnni 'SSfl'iOc; alaie. whnle
mllk, iwlna. ,he)d. apeblali, '.-Otfaocj Oo,
average run. STW O'.'SUrc.
Market 8t. Title Increaies Dividend
The Market' 'Street Title ami Tm.t pn
linn declared a semiannual rilvblen.i n't
8 per vent- P'abl ly I to stock "of
record April 16. 'This placas the dlvl.
dend on a It per cent annual basis uU,
asslnst 0 per. cent annually previously
iwlrt, Ijist November 15 a sbara lifra
waa declared and the final J. IrWMulli
'C3iU73t mzn-
$200,000
Canadian Pacific Railway
Equipment Trust 6 Per Cent. Gold Certificates
Issued Under Philadelphia Plan
Principal nrid Dividends payable in United States Gold Coin
at the Union Trust Co. of Pittsburgh and Guaranty Trust
Co. of New York Issued and Outstanding $12,000,000
Secured by Standard New nallw.iy Kqulpment roatlnr BM.OOO.OOO, Title
to this equipment Is Tested In the Truotee. Net llarnliiRs of the Canadian
1'iiilllc Ilullwiiy Co. for the pnat Hirer years hare been 4 utid 3 times total
lUrd charge. Dividends have been, paid on the atoeh (-.ellinr; at l.-V-j on
the New York Stork Kxrhance) since 1883 and since 1010 the ralo hui been
It) per rent, per annum.
MATURITIES
in,(M)0 due October 1. 1027 011
I S 3,noo due April 1. 1028 IXT.i,
$20,000 dun October 1. 102R O Ofl
130.000 duo April 1, 1020 & 051.
510,000 due October 1, 1U2-J a va-m
.u,uuu aae .ipni i, iujii u v.ii
'.'0,000 due Urlaber 1. 103O W
12.1.000 due April 1, 1031 W.i
830.000 due October 1. 1031 03
flO.OOO due Anrll 1, 1032 UH
Accrued Dividend to be added in each rase
Prices: To Net Approximately 6 Per Cent.
CIRCULAR ON REQUEST
Biddle & Henry
104 SOUTH FIFTH STREET
The Railroad Legislation recently passed should result in con
tinuously larger earnings, for many railroads, than they have
had in the past.
Some of their bonds are selling far below their intrinsic worth,
and ira few years should show substantial appreciation.
Do you know which these bonds are?
The four and one-half years which our force of from
four to eight .engineers has spent exclusively on com
piling most detailed information, on the leading rail
roads and their thousandH of Bonds, should cnublo uu
to answer this question.
The information we have collected nnd our opinion is
at tho disposal of thoso who desire it.
BROOKE, STOKES & CO.
Members Philadelphia Stock Exchange
ISth & Walnut Streets
Philadelphia
t,yr
.-...
102 St, Paul St,
laltiwere
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