ft'
, III
U 'v
I'
i v " ' V -' ,
V
gATUBAY, 'ifrfiH2,' 17,v-i920
U.-fi
12
EVENING PUBLIC lDGEIt-PHILAtotoibHlA,
A1
.,
tf.
i
i"
m .. sss
,1
-5. -. IWi
f i . Wf
Retidcnt Representative
for tho
NATIONAL
JHRIFT SYSTEM
' conducted by the National
Thrift Bend Corporation
(under tho supervision. of tho
Banking Department of New
York State), for, Industrial
employes.
Permanent dignified salaried
position for nn able, high
clam negotiator. Income po
tentialities very large, Local
acquaintance with manufac
turers and bankers desirable.
Applications wilt be held In
strict confidence, but should
give Information briefly re
" gardlng experience, connec
tions, age, etc
Address
Director of Extensions
NATIONAL THRIFT SYSTEM
W. 4th St., N. Y. City
FOR SALE
250,000 SHIPPING CS, THREE
PLY FIBER BOARD (WATER
PROOFED), FLAT, FOLD TO
I8'xl2"x6". MULLEN TEST,
200 LBS. TO SQ. INCH. WEIGHT
CAPACITY, 65 LBS.; Al CONDI-
CLOSING MARKET
DULL AND NARROW
Trading Quiet and Made Up
Largely of Wook-End
Evening Up
WORLD'S GREATEST
NEED IS CAPITAL
Incidents of Week in Financial
Community Emphasize
Scarcity of Funds
' New York, April 17. Compared with
some of the recent active sessions to
day's brief stock market was nn ex
tremely narrow affair. Tho dcallnss
altogether were meaningless In that the
bulk of the operations were made up
of the familiar week-end evening up
of the professional trading clement.
Under the Influence of yesterday's sud
den relaxation of money rates stocks
opened with a firm tone, soon becoming
strong, but after the Initial spurt the
price movements were generally con
fined within narrow limits. Kxccptions
to this rulo were to be found in scat
tering parts of the list, but these Indi
vidual demonstrations of strength were
apparently Influenced more by reason
of technical conditions than because of
outside elements. The railroad stocks
in n modest way reflected the favorable
By
WANTED
a XVew York and Philadelphia
Stock Exchange House
IV rood, experienced bookkeepers, either
male or female. Only those with actual
experience In thla business need apply.
Box A 118, Ledger OHice
TIONi ENTIRE OR CL LOTS.
APPROXIMATELY 20.fl0fl DF.I. IV. ! r.,o-nUI,f otrllo Mtr, vet nsliln frnm
ERY WITHIN 30 DAYS UNLESS i Heading the movement did not amount
RAILROAD STRIKE INTERFERES. I to much. It was pointed out that cx
SAMPLE & PRICE BY APPOINT-1 pense of strike in the case of nearly all
urMT n ant t enrrn rurtrtrr the roads will fall on the government,
!.... .. V. JUJ. L,ISUE.IV Jl .. I -, . .. .,. .,.i !. -.....-..
continues until Sentcmbcr 1.
The halting character of the trading in
the general mnrKct rcuectea n wuic
spread disposition to defer further nc
tivlties over Sunday. This was par
ticularlv noticeable In several of the re
cent active favorites. On tho other
hand, the conspicuous undercurrent of
strength displayed by the general list
likewise Indicated an equal reluctance on
the part of the reactionary party to
extend commitments on that side of
the market. In consequence, when the
usual evenlng-up operations were com
pleted, the general market did not do
much cither way, although there was a
perceptible hardening tendency in the
nnai dealings on desultory covering ot
the. shorts.
GERMANY
One ot the members of our firm, which
la ensaced In axportlni and Importing, la
vary well versed In German conditions, and
wall connected In Germany. He la shortly
Isavlns for a trio to that country, and
w are In a position to render service to
thoe Intereated In Importlnc. In any lines,
including- dyestufts and blch-rrado chemical.
Addrtss C 923, Ledrsr Office.
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1615 REAL ESTATE TRUST DLDO.
Inrestltate and adjust partnership a4
corporation aecsonts. Alio prepare U. .
Ineome Tax Batons.
iVett; York Bonds
FINANCIAL
HK GENERAL OAS AND ELECTRIC CO.
'Flee per cent two-year secured fold notes,
dated November 1, 1016. a extended No
,ember 1. IBIS nt 7 per cent.
Notice Is hereby clven that pursuant to
Jn terms of the trust asreement. dated
November 1, 1019. between The General Oss
and Electric Co. and I'hllndrlphU Trust Co..
trustee, and the extension of said agree
ment, dated November 1. 1018, the said
The General Gas and Electric Co. has
exercised Its prlvllece and option of re
deeming- on the first day ot May. 1920. the
entire amount outstanding- of Its five per cent
two-year aecured sold notes, as extended,
and haa deposited with tho trustee the fundi
teeestary to redeem and pay said notes at
100H per cent of the principal amount
thereof and accrued Interest to May 1. 1020.
Pursuant to the terma ot said trust agree
hienttand the extension thereof, alt Interest
upon aald notes shall cease after May 1,
IP20. and the coupons attached thereto for
Interest after thnt date shall thereupon be
come null and void.
One hundred and one-half per cent of the
principal of aald notea. tneether with th
Interest due thereon up to May 1. 1020. will
oa paid to the persons entitled to receive
Jha same upon presentation on or after
Mar 1. 1920. at tho nfllea of Phlladrlnhla
Trust Co.. Trustee, Liberty Dulldlnz. North
east corner Jjroaa-ajja.tneiinui sis., jnila
aelphla. Pa.
PHILADELPHIA TRUST CO.. trustee.
ny j. v.-. lrAbutub, treasurer.
gated April' JO., 1020.
MnvttnR rviar. mvin -n,..
STRUT MUKTOAflH B PER TENT TWENTY.
FIVE YEAR SINKINO, Ft'ND GOLD
BONDS. DPli 1041
The undersigned Invites tenders of above
bonds, for surrender for redemption on or
before Aug-ust 1. 1120. at a price not ex-
eeedlns- lOJVt per cent or par. plus accrued
r Si ii w7 :. atOU.io. now available
ii
Binxing- runa. ana also nnv
sum. mat my. be paid to t for said
additional
From Opening- Until Close
SALES IN ilOOOl
American Agr
& Chem Sa
1 00
Amer 8melt'g
Ilef's Bs
il 784
1 78H
A To ft Tel 5s
1 78U
ft 78U
A Tel ft Tel 0s
7 04 i
1 ... 04
4 04
. . 04.
1 04'(.
Ang-French Ss
S 00
B0 00
20.. . 09
20.
25...
A.
4. . .
IS...
23.. .
.
5."
5..
11R...
20..
20..
100..
22..
i .
10..
20..
A T
1 .
1 .
Bait ft Ohio cv
1. .. 304
1 .. BOS
1 .. . 504
4 . . . 60
B.. .. RO
00
00
00
00
00
09
00
no
09
00
no
DO
oo
09
00
09
00
09
on
00
no i
00
S 4s
72!,
73
Blnklnr Fund Urlor to clftftlner on th ln. . rtalt & Ohio 3s
e n .!,' - " " "- X ,n
-'I,,J "'.' . ..
oeaiea renders, statlnir numbers of bonds
nrrered. aflil-essed to Philadelphia Truat
Company. . Liberty Building-. N E. corner
fi?? ,nDa, .ih,'5.ut",.r.'1"- Philadelphia.
Trustee. 81nlilns- Fund. Monroe Coal Mlnlntt
Company First Mortgage 0 Per Cnt Bonds,
ta-lll be received until 3 n. m April 30. 1020
PHILADELPHIA TRUST COSfPANY.
JOHN C. WALLACE.
Philadelphia. April H. 1A20. Tre"r.
Prnnoaala
PROPOSAM FOR DYEING AND FINISH.
ING. Offlce of the Quartermaster Oeneral
Clothing and Equipage Division. Munition.
Building. Washington. D. C. Sealed bid.
will be reclved here until 11 A. 5
April 20. 1020. at which time they win bi
opened for dyeing and finishing approximately
1.025.000 yarda bleached and grey Jeans
Information on requewt.
MANlJr-ACTUKKKS AND ESTAllLlSIIKli
DEALERS desiring to bid for aVppll.IfS
the mala. Hospital for the Insane. DanvlUaf
F-UIP" durlP tha year beglnhlnr Jim T
12(. can address tba undersigned. statlnaT
what class ot goods It Is proposed ii
caroian.
H. B. GCHULTZ. Steward.
i
Special Meetlnga
fi3?r'N0TICK ,H KBKV GIVEN THAT
oca by a resolution of the Board of Di
rectors of tha Diamond nnlldlng and Loan
Assoelarlon a soerlal mtlnp. nr k. -.n..
n0!i,r!iiK 'if ldi n",5lalnn haa been called
2 f.0
1 .... 60
Bait ft Ohio 0a
1 83H
7 83U
1 3H
5 . 83
3 ... 83U
1 83
2 .... S3
1... . 8.1 -i
1 . . 82H
BiO a W 3Vt
1 . . 70U
1 . .. 70H
Beth S 5s '35
2 70i
Brk Rap T 4s
1 75
Brk Rap T 5s
2 .... 33;
B Rap Trn 7s
1 40
Central L'r Is
1 04
Ches ft O 4Hs
4 70tf
Ches'k ft Oblo
cv 4Ws
1 . CO
6 09
Ches'k ft Ohio
cv 5s
2 . 75
1 7&1.S
2. .. 76Vi
and will bo held on Tuesday, the 4th day of r-u, , 'i. Vi2l
May. 1BI0. at T o'clock p. m at the. "a?. ch,1 Alt 5X7
of meeting of the association. 1325 West ' -32 4
Columbia avenue, Philadelphia, for tho pu?- 2 . . 32H
upon a resolution for th.
new constitution and by-
poae ot voting
adoption of a
jawe.
LYNDELL MTERS. Secretary
HENRY W. SCARIIOROUQH, Solicitor.
Annnal Mee tings
SK-TO THE STOCKHOUEItS OF TIIK
3u' PENNSYLVANIA COAL AVn rSlJS
CORPORATION: A!, CKK
Take notice that the annual meeting -
,hT. A0tkhoi,1,r of. he Pennsylvania Coal
and Coke Corporation will be held at t hi
principal orn of nald corporation on th.
Isth floor of the Land Title BulldlnV i- ID
City ot Phllsdelphla, Pennaylvan a V JS"
8M day of Maymd. nt 2-30 o'c ock Tn tfi2
C"VJ,,Sni.'?r..h"-nrPoe ofC,tfectSc,h!
auuiu ui nines uirrrinri rn !( st
&,SS,rJffr1l'Cl.o"nd Cok" Cona.
LIIIRARY CO. r rilllJKUKLVHlA. N w"
Cor. Locust ami Jun per sts. PhitVifeiAhil'
Th. Annual .Election of ilVrectors.'Sd V
Treasurer of the Library Co. cj ' Phii.rt.i
oh I. w 111 be held at Ih. fik" ' plladel-
f iul..-- -.L"
ih. third liar of iW.i ,...'"' "".','on.'aT
the afternoon, when the Treasurer will ai
tend to receive the annual payments '"
As there are several shares on which fln
are due. the owners, of them cr ' th?l ? repre"
sentstlves. are hereby notined that they win
be forfeited agreeably to the Chart!? Vnd
Laws of thseoniMny. unless tho a7r,are ",.
tan days thereafter
FRANCIS RWLE,
Meeretnry,
4iiv iiiiu.i -aicnfciiiK n me mpmhar.
kanholdera of the Zoological pEfcXr" w
be held on Thursday. April 22. ID'S .
o'clock, at 1117 Chestnut street. t whit
he"
j ne Annusi jieetin or the members ami
till
12
time an election will be held tf ali Dlrec
,.- . ,-..-, . vi wa iiiiro JTetrS,
WILLIAMS D. CADWAIIDER.
Secretary.
Dividends
GERMANTOWN TRUST COMPANY
Slit Semiannual Dividend
Philadelphia. April 8. 1020.
. At a meeting of tha Hoard of Director,
held this day a dividend of five dollars SJJ
shar waa declared, payable on May lit
1920. to stockholders of record on the books
ct the Company at the close of business
April JMlh. h2if. Checks will be mailed!
rtansfer hooka will be closed from April
asm to "lay i, uif
CLARENCE C. BRINTON.
Treasurer.
4 . 33 H
1 S 2 '-4
1 . 33
Chi II ft U 4s
10. . 04
1 . 04
2H . 04 ;
4 . 4,
Chi B ft Q gm
1 . 75
1 . 75
C ft O W'n 4s
B ... fll'4
Cht MftStP 4s
1 2
Ch M ft St P
cv 4tts
1 . 03 ',J
4 .... 05
Ch M ft St P
gm 4s
5 73
Chi M ft St P
cv 6s
1 55
C R I ft P fd
1 . 02
8 . 03
1 02
0 . . 03
Chile Cop'r 6s
2 77H
CNT4lCJ
4.. .. 00
2 . .03
City Paris 8.
6
1
10
5
5
10.
a..
0
80 M
HOW
80 W
80 H
80 H
80 Vs
80
80 tt
City Tokyo 5s
8 68S
Colo ft So 4 H
1 SO
Com Cable Ba
1 ... SO
Con'd Oaa 7s
1 .. 100U
8..
10..
20 ,
30..
100l
ioovi
1004
100 y,
100 r
100 V4
100K
Copenh'n 54s
2 77
Den ft R Q td
1 40
1 10.
D ft Rio O 4s
1 00
7 60
Dom of C '28
10 01H
Dom ot C '31
1 01U
Erie Gen Lien
1 414
1 41H
0 41S
4. ... 41,
1 4m
Erie RR cv A
1 30V4
1 30 H
Erlo R R cv B
3 SOU
Erie nntvD1
1 40
1 40
Erie R R Is
5 50 Vi
Gen' I Elec 0s
1 0S
1 09U
1 00K
Hud ft Man In
3 23
Hud ft Man fd
1 58T
Hud & Mn 4V4
3 07
111 Central fd
03
III Cent 4s '33
2 04
III Cent 5Hs
2 80
Imp J Gv 1st
4 78
8 . . 77H
1.. .. 77
6 .... 77 Va
Imp J Gv 2nd
N Y Rys ct 4s
4 20
N'k A W'n 4s
3 00K
Norfolk ft W
cv Cs
2 08Ti
No Pacific 3s
2 BOW
No Paclflo 4s
S 71W
1 71
1 71T4
Pa R gm 4 Ha
1 73
Penna RR 8s
B 83
5 83
Phlla Co'y cv
3 88
Reu'c of Cuba
3s ot '04
5 01
R I A ft L44
1 01
l m
3 01W
St L ft I M 4s
15 714
St L ft S F aj
2 50
2 604
5 604
St L ft S F In
. 444
St L ft San F
Series A
3
3.
8.
1.
10..
3.
Imp
4
5.
2
5.
3 '!
18..
77
. 77
764
70 4
. 704
. 70
Gv 4s
. 03
024
024
. 024
. 62
. 0JV,
024
I M Marine 0s
4 80
1 00
Inter Met 44s
2.
1
1.
8 .
1
2.
10.
18
18
18
18
1S4
184
184
In Met ct 4Hs
5 . . 1T4
18.. .. 17
10 18
Inter Rp T fd
10
5.
8.
0
13
1
6 .
1
43.
0
P.
6.
5
10
624
63
63
52
534
53
63 4
53
63
63
63 'I
63
64
64
54 4
Kan C ft 8 6s
J. . . 60
1.. .. C5Y,
K ft Des M Ss
1 08
Lack Steel '50
4.. .. 80
1 R8H
8. .88
2 . 88U
Lehigh Vy 6
1 . . .96
Mid 8 ft O 6s
2 . . 82
Mo K ft Tx 4a
2. .. 654
Mon'a Pwr 5s
1. 85
1 85
Nat Bla 5a 30
1.. .. 704
New O Tex ft
Mex 6s
1 504
N Y C ft II R
R R 8s
6. . .
1.. .
1.. .
10 ....
NYC
Louis
2
N 1 Light I
ft Power 5s
0 76
N Y O ft W
gm 4s
!.. . 66
2 .. 55
1..
5
6..
5
5..
2
1
FKOEBAL TRUST COMPANY,
J) road and Federal streets.
- Philadelphia, Pa., April IB, 1020.
Tba SosrJ of Directors have this day d-
avaiiajuiuai uiviuenq or a per cent
w new wirsi payaois Mar 1st,
to stockholder of record at the close
on April mm. -'
hill he vnalle.1.
Ja. aUCKARDS.. SccrsUry :
... 'f"t$BB
l- i. saHs,
03
03
034
034
034
034
03 4
2.. .. 034
8 83
U Fow ft L !
2 70
Westn M'd 4s
2 61
Westn Pao 1st
1 814
2 614
West Shore 4s
1 04
1.... 64
W ft LE 44a
B 60
Wilson Co cv
1 60
Wls'n Cent 4s
0 OS
V
Total, f8.438.000. compared with 12ft.
703.000 yesterday Thus far this week, 02,.
317.U0U.
87 .
874
87
87
ft St
4s
65
1.
10..
5..
2...
2...
5. . .
4..
4...
64 4
644
64
S4V4
644
54
54 1,
64 'a
St L ft San F
Scries n
1 05
StL ft SW 1st
1 01
StL ft S W en
1 514
St L ft S W Cs
54
Sclota Valley
ft N E 1st
1 73
So Bell Tel 6s
1 82
Sou'n Pac fd
4 .... 71H
So Pao cv 4a
3... . 70
10.. .. 70
25 76
S'n Pac cv 5s
4 100
S'n Rallys 4s
1 504
So Rallws' Bs
1 804
4. ... SO
Third Ave aj
6 29
5 29
Union Pac fd
1 71
Union Pao 6s
1 074
OKOB121
3... . 05
2 05
2. ... 06
12... . 05 K
6 05
U K O B ft I
rcta of '22
3 03 "j
B 03 9
U K O B ft I
rcta of "20
5 004
00 4
004
P04
004
1.
6.
U K O B I 37
2 .... 804
7 864
1.. .. 86
U RR Inv Co
of B F Bs
3 604
V B Realty 5s
10 82
1 81
U S Rub'r 5s
81
81
814
184
814
814
81
814
U 8 8 M ft It
Co 0a
6.... 1004
U S Steel Bs
High
L.bnond3& ...IW.60
JAh Bond 1st 4s... 00.30
Lib Bond 2d 4s.... 80.08
Lib Bond 1st 4s. 0O.40
Lib Bond 3d 44b. 02.00
Lib Bond 2d 4$s. 80.00
LID uonu na tyt. n-.tni ui.-iu nz.ixi
Lib Bond 4th 44s. 87.00 80.00 87.00
Low
0.1.18
00.10
80.00
00.20
80.74
01.40
Close
03.00
00.30
80.08
00.30
80.00
02.00
Victory V 39is. . . Of
!Wberir4?i.... p,(
00.08
OO.L'Q
00.00 00.08
W.M. CQ.sq
Stock sales today on the, New fork
exchange, as compiled by the Evening
Sun, lOUIrd 4.18,7q0 thares.
New York, April 17. The Evening
Sun In its weekly financial' rcrlcw to
day SAys:
It was not apparent that anything
was lacking In the current week's de
velopments to emphasize tho high cost
of credit throughout the world. The
Bank of England raised Its discount
rate to 7 per cent, from 0 per cent,
nt which level It had stood since last
November. A few days previously the
Bank of Franco took n similar step.
Still earlier the Federal Reserve bank
did what amounts to the same .thing.
Latterly, Congress passed n bill mak
ing It possible for the Federal llcscrvo
banks to graduate the rediscount ra,te
to member banks according to the
status of the member bank's loans nna
conditions within a given Federal Re
serve district.
All these things represent n twist
ing and turning to provide a sufficiency
of capital to meet the world's need for
it. It Is n question If the legitimate
requirements of the industrial and
financial and business world can be
fully met. The question cannot bo
answered conclusively now because no
one can knov what the full require
ments are or may be. The banking
authorities alone can form nny approxi
mate idea and they have long been
preaching conservation of fiscal re
sources. A fortnight or so ogo most
everybody, not responsible for provid
ing the sinews of postwar reconstruc
tion, affected rather gratuitously to see
easy money coming. Only last 'week,
when some 15,000.000 was loaned for
three and six months, the incident was
hai.cd as a break in the time money
deadlock. Yet the rate for fixed date
funds held at 8 to 0 per cent, ac
cording to the nature of the collateral
ofi red.
The eame was true of this week
which, in addition, presented the spec
tacle of call money loaning as high as
1G per cent and lcncwal rates ranging
Horn u per cent nt tne ocginning to
10 per cent at the close. The highest
renewal rate for the year was 17 per
cent, on February 0, and the highest
loaning rate 25 per cent, on February
4. The last previous 10 per cent re
newal rate was on March 3. since
which time renewal rates have ruled at
0 nnd 7 per cent.
Events of the week were ex
crescent influences on the funda
Mental state of world credit, such as
1 he sudden nnd astonishing outbreak of
the unlawful railroad strike, the pre-
umedly temporary suspension of incom
ing gold shipments and rcstimptlon of
outgoing shipments to South America.
Cuba. Mexico and the East Indies, the
advance in the Bank of England dis
count rate (which, however, had been
pretty well discounted), withdrawals of
United States deposits in the banks,
amounting to about $45,000,000, a new
issue of treasury certificates of indebted,
ness nt 5 and fVi P" cut, for three and
rIx months' maturities respectively, the
highest interest rates which the govern
ment has been called upon to pay since
the Civil War, payment of coupons of
the fourth Liberty loan nnd so on.
Tlje railroad strike "froze" funds to
a material extent. Its duration was
certain to be brief because It was ab
normal in conception. Whether or not
the federal attorney general can prove
his charge that the I. W. W. and
revolutionary elements were behind the
move, Wall street regarded the fact
that no demands were made in ndvance,
that the orders were issued under cover
nnd in defiance of the labor union lead
ers, as evidence that the employes were
imposed upon ana maac to Dcneve mat
the unions were secretly behind it.
While the strike itself soon demonstrated
that it was doomed to speedy failure,
its effects were deemed certain to spread
over a considerable period oi time.
Money is required to finance suspended
industrial animation.
Just nt the time when car nnd fuel
difficulties were being overcome nnd
production was making new strides for
ward, particularly in the steel indus
try, this thing happened, with the result
that nearly halt of the steel trade came
to a standstill. The Iron Age stated
that if the tie-up lasted many days
longer, the shutdown ot steel works and
rolling mills would be nearly comnlete.
A reserve supply of raw material miti
gated the situation to some extent nnd,
as consumption and production were
alike curtailed by the stoppage in trans
portation, scarcity of steel was not
greatly accentuated. Nevertheless, the
inroads on raw material reserve and
interference with normal industrial
progress give promise of after-effects
not soon nor easily effaced.
Steel is a representative industry and
the conditions forced upon it inav be
taken as reflective of those forced on
most other industries. Among other
things, the uprising, sufficiently ominous
in the character of the impulse behind
it, imposes an increased burden nn the
government with respect to railroad
costs and may be supposed to interfere
not a little with the projects for new
financing of the railroads themselves.
The director of the bureau of railroad
economies estimated a dally loss of
$3,000,000 to the railroad companies in
reduced revenues, which would entail
a loss of not less than $21,000,000 for
the seven days of tie week, not count
ing loss from damaged commodities. In
creased operating expenses necessarily
result and the public must maka good
in taxes. An immediate consequence
was that the treasury felt that th) time
would be inopportune to put out the
$300,000,000 in railroad equipment
trusts authorized by the JJich-Cummlns
bill.
NEW YORK STOCK EXCHANGE TRANSACTIONS
Palea in t
800 .,
109
100
M0
1400
R00
300
100
11700
700
300
300
5700
300
3300
33700
700
1700
410
00
1400
100
00
1800
800
100
100
700
100
400
300 ) 4
100
100 10
31000 3 10
ft00 ..
300 ..
1400 S
1300 . .
soon
100
100
3400
1000
300
300
300
400
100
soo
300
1000
300
100
700
100
000
700
3000
300
300
Hlh Low
.. Advance liumeiy .... is oh
. . Alaska Oold Mines... 3 1ft
.. Allls-Chalmers 434 41
7 Allla-Chalmers pf .... A M
Am Aorta Chem pf... NK MH
8 Am, nt Sugar 1M14 lot
.. Am Can osjf 47 H
13 Am Car A Fdr 144 14314
4 Am Cotton Oil 48ft tay
oo Am Pro Syn ...... UK 14
Am express 1MK 14A
.. Am Illdo A Leather. .. ttft 3H
7 Am Hide & Leather ptlta 11H
Am Inttrnat Corp.... 1014 103
Am Linseed 0t6 01)4
Today's Net
Close Chge.
- H
114 ..
43U4- H
83
1MH
14314 ..
484- (
14 4- y
1S0U M
34 - H
M3H- H
10314
S
Am Locomotive 10914.107
8
10
10
S
4
Am Safety Razor..., 15
Am Ship A Com IrS
Am Smelt A Itef tH
Am Steel Foundries),. 4J4
Am Sugar Ref 130
Am Sumatra, Tob.....lMJ4
Am Sumatra Tob pf.. 10014
Am Tel A Tel Mft
Am Tob seo temp otfj MK
Am Woolen 13314
Am Zlno Lead & Sm.. 18)4
Am Zlno Lend ft Sm pf 534
Anaconda Copper .... 034
Ann Arbor 13
Assets Realization ... K
Asso Dry Goods 44)4
Atlanta Dlrm & Alt.. 6
Atl Cult A W I S S..170
Baldwin Locomotive. .144)4
Baltimore A onto ... 34)4
Bornsdall. Class A... 47)4
S Barrett 134)4
. Bethlehem Motors ... 31 K
Bethlehem Steel B... M
8 Bethlehem Stl 8 pf.113
. Booth Fisheries 10)4
. Bklyn Rapid Transit.. 10)4
. Bklyn R T ctfs of dep 1
. Bklyn Union Oaa..,. St
. Butte A Superior Cop. 30)4
. Butterlck Co 17K
. Caddo Central OAR 33H
California Pocking .. 80
Canadian Paclflo .,,.120)4
Chandler Motors 18
Central Leather ..... 87)4
Cerro da'Posco Cop.. 43
Certaln-tccd Prod ... 53)4
Chi Mil A St Paul.... 37)4
Chi Mil & St Paul pt. 54)4
Cht & Northwestern. . . 85
Chi Pneumatlo Tool. . .100
Chi R I A Pao 35 14
Chi R I A Pao 7 pf. 74)4
i Chile Copper
Financial Briefs
The averae price of twenty active In
dustrlal stocks advanced 0.32 per cent
yesterday to 104.73. wnue twenty rail
roads advanced 0.30 per oent to 75.16.
Commercial failures this week tn
United States as reported by R. o.
Dun & Co. aro 121, against 104 last
week, 128 In tne preceding week, and
125 In the corresponding; week last year.
Failures In Canada number 12, against
18 last week, 9 the preceding yreek and
13 last year.
The New York Subtreasury lost
C, 331, 000 to the banks yesterday.
Marshall S. Morgan was elected as
sistant to the president ot the Fidelity
Trust Co. at a meeting of the directors
yesterday afternoon.
The crop report ,of the American
Steel and Wire Co. todays says: "Tho
season is from two to three weeks lato.
Owing to cold, wet weather, the oat
acreage will be smaller. Wheat as far
as reported. Is growing on a consider
ably reduced acreage and la not In the
beet of condition. The most serious
aspect of our agriculture, however, is
the labor situation.'
Morris Wistar Stroud Jr. has resign
ed as manager of Bonbrlght A Co.'s
EWladelphjo sflk - i. - , ,
100
3500
10300
100
MOO
400
13000
100
5800
4300
100
104
400
300
3000
300
100
100
400
100
100
100
400
100
100
100
300
300
200
3000
700
1300
1300
16400
500
1500
400
100
100
1200
3200
3300
100
500
300
3000
3200
100
000
1800
300
100
400
500
300
100
1
5
1
7
7
a
3
7
1
4
7
ii
10
5
7
8
3
18
35 14
38
84)5
1H
8
Ui
100 1 50 chlno Copper
Coca-Cola
Columb Gas A Eleo. .
Col Qraphophone . . .
Col Qraphophone pf.
Consolidated Qaa . . .
Con Interstate Cal M. 17)4
Consolidated Textiles. 42 J4
Continental Can .... 05
Continental Candy.... 14)4
Corn Products Ref.. US
Corn Prod Ref pf.,.,105
Crex Carpet 64
Cruclblo Steel 260)4
Cuban-Amer Sugar. . .605
Cuba 'Cans Sugar ..'. 48)4
Cuba Cane Sugar pf.. 03)4
Denver & Rio Gr pf.
Delaware A Hudson.
Dome Mines
Erlo
Erlo 1st pf
Elk Horn Coal
Endtcott-Johnson . . .
Endicott-Johnson pf..
Famous Players pr. . ,
Flsk Rubber
.. Freeport Texas
. . Gaston Wms AWIg . .
7 General Cigar deb pt
.. Gen Electric Rts ....
6 General Motors deb. .
8 General Electrla ...
10 General Motors ....
1 General Motors New.
0 Goodrich B F
7 Gt Northern pf
4 Gt Northern Ore ct 38
.. Greene Cananen Cop.. 34
. . Gulf Mobile A North.. 11)4
4 Haskell A Barker Car 73)4
.. Hendeo ctfs 45)4
1 Hupp Motor Car .... 21)4
7 Illinois Central 88)4
.. Indlahoma Ref Co... 0)4
0 Inspiration Con Cop.. fOH
. Interboro Con Corp. .
. Inter Con Corp pf...,
5 Int Agrlcul Corp pt. .
. . Int Mer Marino
6 Int Mer Marine pr. . .
3 50 Int MotortrucK 1st pf
3 50 Int Motortruck 2d pt
.. International Nlekel..
. International Paper. .
Iron Products Com..
.. Jewel Tea 1514
Total sales, 453,100 shares, compared with
6,044,400.
12M
. MK
. U)4
13)4
, 31
, 3W
115H
. 80)4
1)4
36
28)4
15)4
87
3
75
154 H
380
36)4
6tt
77)4
4)4
16 'A
S7'
38)4
7 H
70
88)4
23)4
S4H
48'
13H
23
08)4
45)4
117)4
t
1MK
6
66(4
133
18)4
53H
63
13
5)4
45
170
143)4
33)4
47
133H
30J4
7
113
10)4
15)4
M
57
35K
17)4
33
80
130)4
156)4
86)4
53)4
53)4
36 H
84$
87
34 K
73)4
17J4
35)4
36
3)i
50)4
8
86
17)4
H
05
14)4
101H
105
64
363)4
580
57)4
83)4
12?4
U(
11)4
13)4
21
36H
114
00)4
01
30)4
26)4
15)4
87
3
75 t
153
350
344
60)4
77
37 K
34
")4
73)4
40
20)4
S8)4
0
50)4
)4
15)4
87)4
37 H
t6J4
70
68)4
32 K
84
48)4
15)4
1)4 H
107)4- H
1W
3)4 n
68)4 ..
46)4 ...
7J4- T4
- )4
100)4 1)4
614 V
66H- )4
133 -
18)4 k
5SK- U
63)4 )4
M -
m-
45
6
170 1)4
143)4- 1)4
34 14
47)4 -H
133
31
7
113
10)4
10)4 13
60
35 -17
33)4 .
80
120)4-
156)4- IK
86)4 H
43
53)4-4)4
37)4- y
53)4-1
85 K
97- 1)4
34 )4
74)4 1
17 J4
35)4 J4
36 - J4
64
50)4
80 - 14
114 M
a. as
... mn
Sales m'V
500 ' a Kenneeott Copper
4000 t Lackawanna Steel
1600 ..-Lee Rubber & Tiro.. 37 H
160 8 5 Lehigh Valley 43
806 3 Loewe Co .......... 34)4
100, ., Loft Corp 10)4
100 ,, Looso-Wlles Biscuit, 57
400" .. Lorlllard Tob Rts... SK
100 . . Mallison Co 3
3000
4600
SM
IN
706
M
IN
SH
IN 3 6
41N
700
200
306
00
100
100
200
17)4
43
5
14)4
103)4-
105
643
363)4- 3
606 35
57 J4- !4
83)4- J4
13)4
31
3014
114 1
0)4- 'A
01 -
30 H
26)4 H
15)4 ..
87
3
75
154 1
350
35 - )4
77
37 -34
11)4
73- 1)4
45)4 5)4
21
88)4 )4
- )4
56)4- H
4)4 H
16)4 1)4
87 H )4
37
68)4
22)4 84
48)4
15)4
10 Manatl Sugar 140
7 May Dept Stores ....136
10 Mexican Petroleum... 304
3 Miami Conner ...... 3374
341N 1 20 Middle States Corp... 85(4
6N 4 Mid vale Steel A Ord.. 46
10 7 Minn St P A 8 St M. . 74
Missouri Kan Texas 8
Missouri Paclflo 30)4
Missouri Paclflo pf... 43 J4
Montana Power pf . . 08
Montgomery warn .. a7)4
National Acme 37)4
.Nat Aniline A Chem. 71J4
Nat Aniline A Ch pf. 01
Nat Conduit A Cable. 11
Nat Enam A Stamp.. 701
National Lead 88
National Lead pf . . . .107
New York Air Brake, .108
New York Central... 73)4
New York Dock 43
New York N II A II.. 33
.. Norfolk A Soutnern.. 23
7 Northern Paclflo .... 78)4
5 Nova Scotia SAC... 65
. Nunnally Co 33
4 Ohio Cities Gas .... 43
.. Okla Prod A Ret.... 5)4
5 Otis Elevator ....... 54
.. Otis Steel 33)4
. Paclflo Development.. 73
Paclflo Gas A .Eleo... 46J4
Pan-Amer Petrol ....114)4
7 Pan-Amer B 111
3 Pennsylvania R R... 41)4
. . Penn Seaboard Steel.. 33)4
. . Peoples Gas Chicago.. 37
. Pere Marquette 27
.7 Pere Marquette pf. .. 66
3 Philadelphia Co 38)4
5 Pittsburgh C of P.... C3
. . Pittsburgh A TV VsV. . . 30
. . Plerce-Arrow Motor.. 73
... Pierce Oil 18
8 Pressed Steel Car ....10
5Punta Alegre Sugar. .116
S Railway Steel Spring. 10314
4 Reading 85
, . Rem Typewriter 87
Replogle Steel 71 'A
inch i)w
30)4
7W
37
43
34)4
l)4
57
8)4
4114
Today's Net
Close Chge.
0)4 ..
80 Vt
87 - )4
43- y
34)4
8)4- 14
41)4 14
147 - 3
135 3)4
114
201
23
35
23- y
l4
7
10
5
100 3 50
600
100
SN 7
100 " 5
17N
600
600
IN
N
30
30
500
UN
7N
IN
110
500
IN
00
300
3N
8500
5N
1300
5400
600
70ft
IN
8000
6000 5.20 Royal Dutch N Y 115
14
300
5800
100
400
100
16N
100
300
1800
13200
200
23 0
1500
85
100
600
000
13400
300
100
1200
600
125
500
300
3200
IN
100
1700
100
300
IN
7
.74
6
1
20
7
4
4
7
10
100 3 5
IN
UN
106
11600
8600
300
6100
100
13100
100
3N
800
1000
15700
100
300
100
IN
300
500
600
1700
100
800
1 Ray Consolidated Cop 10)4
6 Republic Iron ft Steel. H3J4
7 Rcppubllo Iron A St pt 01)4
. St Louis San Fran... 32
6 Savage Arms 77
Saxon Motor 17ft
Seaboard Air Line .. 7)4
Sears Roebuck Co 337
Shell Trans Trading . Sift
Sinclair Consol OU . .. 46)4
Sloss Shed S A I .... 17V4
Southern Paclflo .... 90
Southern Railway ... '-3
Standard OU ot N J, .764
Stand Oil of N J pt.. 107)4
Stewart Warner Sp.. 4
Stromberg Corb 107
Studebaker 124)4
Tenn Cop A Chem... 13
Tentor Fruit Prod A. 45
Texas Co 308
. . Texas A Paclflo .... 43)4
. . Tex Pao Land Trust. 440
. . Third Avenuo 10
0 Tobacco Products .... 77f4
. . Transcontinental OIL. 3314
5 Transue A Wms Steel. 61)4
.. Union Oil 3374
10 Union Paclflo 130)4
4 Union Paclfttj pt .... 64)4
13 United mrutt 331
United Alloy Steel ...40
United Drug 1st pf . . . 50
United Rwy Invest ..10)4
United Retail Stores. 80
U S Express 714
U S Food Products... 74)4
U S Ind Alcohol 100)4
U S Realty A Imp... (3)4
U S Rubber Ill
U S Smelt A Ret .... 60
U S Steel 105
U S Steel pt 11014
Utah Copper my
Utah Seo 14
147
133)4
300
33
3314
40
74
8
3
43
8
3714
3714
78
8
11
78)4
87
107
108'
73)4
43
31
XI
78
65
33
4314
6
54
33)4
71
6014
113)4
110
4114
33
35 H
3714
66
37)4
C3
30)4
70)4
18)4
108)4
114
103
84)4
87
69
11314
14
111
14
21J4
77
17
7)4
336)4
81
30)4
77
18)4
3314
?51
107
48 J4
104)4
133
11
45
206)4
43
430
15)4
73)4
23
iVA
3314
119
4)4
218
49
50 50
10)4 1014-
1
46
74
H
36)4
43
98
3714-9714-70)4-8914
11
7914 314
87-14
107
108 1
7314 14
43 - 1
33
33-1
78 - 14
653
33 14
43 14
5
34 3
33)4 14
73
'50J4
41
33-
37 114
3714 14
66
38
63
30)4
109
116 114
103 14
85 114
87- 14
60 - 114
114- 14
19)4 a
113)4- IH
98)4
21
77-14
17- 14
714 ..
23614 114
81 -
40
77 - 114
8
3 14
756 -
10714- 14
48J4- )4
10414
123 11K-
45
206-
42 ..
420 15
18 Hi
?3Y
23
218 3
LOCAL MARKET
STRONG
N SPOTS
Intoroot Continued Contorod in
Mystery Movements, in Stor
age Battery and Brill
Electric Storage Battery nnd J. G.
Drill were tho, high lights ot tho quiet
closing local market. Thcro was 're
nowctl activity in tho first named stock,
tho dealings in which represented
nearly three-fourths of tho total trans
actions of tho two-hour session. Tho
stock opened CO cents higher at 13014
nnd under realizing sales dropped bnck
to 135. Tho readiness with which tho
stock was absorbed again enmo In for
considerable nttcntion. In that It was
1 generally .bollovcd that tho same New
ionc interests who started to accumu
late tho stock last year wcro again'
holding tho bag. Tho dealings in Urlll
wcro nlso animated nnd for nn inactive
stock fairly large. Tho supply ap
parently continued scant as indicated
in tho rcndlnest in which tho prico was
advanced $2.G0 to 50, tho top prico
of tho current swing. Tho mystery
attending tho movement in both of theso
stocks has supplied a pleasing relief
from tho heretofore monotonous, indo
lent backing nnd filling of tho local list.
ot much is to bo said concerning tho
days dealings In the remainder of tho
local stocks. American Stores con
t nucd strong nt 45, tho high mark of
tho week. On tho other hand, dribbling
liquidation carried United Gas Imprbvo
ment back to new low water level of
tho year nt 45. Pennsylvania Itall
road was stronger nnd fractionally
higher nt 41, which was SI above tho
low quotation made earlier in the week.
Philadelphia Electric was steady nt
24-. Limited transactions were re
corded In .West Jersey nnd Seashore,
Lehigh Valley and United Railroads nt
prices unchanged from tho previous
sales. Small sales of Philadelphia
Rapid Trnpslt wero made nt 23,
6
8
's
5
7
4 Va-Carollna Chem ... 79
6 Vanadium Corp (414
. Wabash 8
. Wabash pr A 25)4
. Wester Maryland ... 1014
. Western Paclflo 3914
4 Westlnghouse E A M. fills
. Wheeling A L Erie. . . 10
4 Whlto Motor 65
1 Willys-Overland 34
. Wisconsin Central ... 38
0 Worthlngton Pump ..83
78
7)4
73)4
9(4
63
110
69
104
11014
76
9
77
91
8
35)4
1014
3914
51
1014
05
33
28
83)4
49 - 4
79)4
7)4 .
74
9)4-
63
110
69
104-
110J4-
76
S
78 1
81)4
8 ..
35)4 ..
1014 'A
28)4 ..
61 ..
10
C5 )4
34 i
283
82-
1.000,700 shsres yesterday. Thus far this week. 0,300,800. Same period last week.
NEW YORK BANK STATEMENT
Excess Reserve Raised to $23,684,
590 Loans Expand
Today's New York bank statement
was much better than foreshndowed by
the week's known money movements
nnd extraordinary heavy financial op
erations. The reserve in the Federal
Reserve Rank showed an increase of
$18,320,000. While this was partly off
Ret by the heavily increased liabilities
bv reason of nn expansion of $44,157.
000 in deposits nnd $77,413,000 In
loniis, the excess reserve wns rnised
$11,007,400, bringing the actual sur
plus above legal requirements to $il,
084,500. The heavy increase In loans
evidently reflected heavy borrowing by
the member banks at the federal in
stitution. AVEnAQB
April 17 April 10
124.200.020 020,048,820
083,704,000 584,401,000
5,171,110.000 6,108.208,000
05,900.000
Excess reserre
AssTerate res.
Loans, eto
Cash In vaults
and roem. b'ks
Reserve In mem
bers' banks and
reserve banks
Ileserve In state
banks and trust
companies . . .
Reserve In state
banks and trust
company deposi
tories
04 982,000
650.424, 000 559,814,000
12,802,000 13,111,000
11.470.000
11.418.000
", WLir,A rf.n t4.212 A84.0OO 4.107.052.000
Tlm deDOSitS... 351.788,000 251.027.000
Circulation . 85.842.000
tu. a, aeponis
deducted
73,550,000
ACTUAL
April 17
t2S.AS4.50O
688 571,000
30,100,000
60,392.000
April 10
111.777.100
56A.05B.000
Excess reserve
Arrreirate res
lyisns, eto. . .
Cash In vaults
and mem. b ks.
Iteeerve In mem
bers' banks and
reserve banks..
Ileserve In state
bsr.ks and trust
rnmoanles .
Ileserve In state
banks and trust
compan depost- ,,,,.
Net demand dep. 14,210,285,000 4,172,128.000
Net time "dep... 250.251.000 251.074.000
Circulation ... 85.720.000 85,005,000
deducted .A"' 121.003.000 63.180.000
OUTSIDE) BANK STATEMENT
8TATB DATfK8
1748.180.000 $7,028,100
6,258,800 248.700
6,213,720,000 1,130,818,000
00,492,000 04,710,000
650,682,000 541,353.000
12.602.000 18 188,000
11,515,000
bank
Loans .
Oold .
Currency
notes -";
Deposits Federal
Iteeerve Bank of
New York
Deposit ........
Ileserve on deposit
32,781,000 1,802,500
SS0.800
29.420,800
2.107.000
Percentatewof reserve, 19.4; decrease. .6.
TRUST COMPANIES
1j0in. I2.003.685.200
Ootd .:......, 11.120.600
Currency o
notes . . v " i
TLmnnmitm deral
Reserve Bank ot
New Torn 215.B74.90O
Deposits ...!.... 2.101.861.9OO
neiervo on deposit 274. 882. 800
71,876.000
820.710.80O
102.O1H.2OO
19,319,300
I4.010.E00
49,500
188,000
8,956,400
28,188.800
2.207,100
Percentage ot reserve, 17.4 1 Increase, ,1,
8TATB BAKKB AND TRUST COMPANIES
NOT REPORTINQ TO CL.EARINQ HOUSE
Loans
Gold V""
Currency bank
notes ..........
Deposits Federal
Ileserve Bank ot
New York .....
Total deposits...
Net deposits .....
neserve on deposit
Percenters ot re Be
a PV ,,
1788.670,800
B.ivt.uuu
18,452,800
78,842.100
880,424,000
803.048,100
J0l,U3,0UO
I
1292.700
865,200
299,600
1.617.SOO
1,664,500
2, 6 48.200
s?T.0
ej 21 f increase. ,1.
Commodity Markets
COTTON MARKET
New York, April 17. Tho cotton
market continued to receive bullish crop
nnd weather advices near the close.
Demand showed little falling off until
the active positions had reached a net
advance of J5 to 08 points, when realiz
ing sales prompted some reaction.
July contracts wero in strongest de
mand, particularly from trade inter
ests, the purchasing in mauy instances
representing spinners "calling."
There was a disposition in some
quarters to call attention to the less
favorable technicoj position of the mar-
Hiih
42.60
40.25
87.17
80.05
85.05
34.08
TjOW
42.10
80.82
88.62
85.62
Close
42.25
av.nnesD.t
87.0000.1
S6.80O95
iinn .iiwin
83.00 84.00008
ket
Test, close Open
Mar.. 42.25 42.40
July. 80.75 30.00
Oct... 80.00 38.85
Dec. .10.37 H3.03
Jan.. 84.40 84.0.1
March 83.40 33,03
Bid,
GRAIN MARKET
Chicago, April 17. Buying power in
the corn market was poor this morning
nnd under pressure front local profes
sionals the undertone was weaker. The
receipts were 22 cars.
May opened at $l.C0'4 to $l.C8'Xi,
against $1.00 at the close yesterday.
July started at $1.04 to $1.03,
against $1.04,4) yesterday's close. Sep
tember opened nt $1.08 to $1.58i,
compared with $1.58 at yesterday's
close.
There was some liquidation of long
holdings of May oats, followed by sell
ing of the deferred futures, nnd tho mar
ket was easier early. Buying was light
and scattered. Itecelpts were 44 cars.
May opened nt 05c to 05c, ngaluat
05c at the end yesterday. July was
87jic to 87c at the outset, ngalust
87c at the close yesterday. Septem
ber started at 70c to 75,c, ngalnet
t'sc, yesterday's last price.
Corn-
Mar ..
July ...
Sept. .. ,
Oats
May ... .
July ... ,
Pork
May ..
July .. ,
Lard
May ..
July ... ,
Ribs
May July ..
Onen
LASH
1.6SJ4
1.58H
Htsh
1.70
1.64
OH
1.50
Low
1.08
1.B3
1.B7
. 95
. 87U
87.50
38.50
06i
88V(
21.25
18.47
10.05
37.50
88.60
20.80
21.23
18. BO
19.07
IVil
67.05
88.00
20.25
21.02
18.42
19.02
Close
1.89J4
1.64J
1.69
cs;
87i
87.1B
88.13
20,25
21.00
18.50 '
19.10
DANK CLEARINGS
Bsnk clesrlnss today compared with corresponding-
day last two years !
Phlla... 183,816,406 180,765,243 (52,502.834
N. Y. .. 020,898,830 .. ' ..
Baltimore 16.48,R78 16.727,143 .. ,,,,..
Boston.. 72.035,061 20,813,153 ,.
DIVIDENDS DECLARED '
Julius ICayser A Co.. quarterly ot Hi
per cent on second preferred, payable May
I tn stock of record April 20,
Kaufrmann Department Stores, quarterly
II on common payable May 1 to slock of
rerord April 20.
Taylor-Wharton Iron and Steel Co., quar
tsrlv 14 per .cent on preferred, payable
May 1 to stockholders of record April 24.
BAR SILVER
Commercial bar silver was quoted In
New York today at 11.17 an ounce,,
rtpwn a In Xondon, the price was.
STUTZ FIGHT
Ryan to Call Stock, but Shorts As
sert Corner Was Illegal
New York. April 17. An, ofllclal
statement by tho New York Stock Ex
chango charges that Allan A. Ryan
threatened to rise the price of Stutz
stock to $1000 after being Informed that
Stutz might not be allowed to remain
on the board. It Is asserted that Mr.
Ryan's drat settlement price was $500.
Air. Ryan has Issued a statement deny
ing many of the points raised by the
stock exchange. Ha says that ho Is will
ing to settle, but will not name a price.
He has lnstruced his brokers to call tho
stock on Monday.
The shorts announced today that they
did not consider themselves obligated
to deliver stock they sold short because
thero was on Illegal comer In It.
Charles A. Morse, chairman ot a pro
tective committee representing tho short
Interests, said: "The olllclnl statement
of the New York Stock Exchange shows
not only that a corner exists In Stutz
stock, but that Mr. Ryan expressly
admitted the existence of Buch a cor
ner to thn New York Stock Exchange.
We are advised by counsel that corners
are combinations contrary to public
policy, that they are Illegal and that all
contracts and undettaklngs In Support
thereof aro void."
Philadelphia Stocks
TRADING LIMITED
IN CURB MARKET
Intorost Unabated In .StuU
Sharos Prico Holds
Firm
New York, April 17. There was the
expected interest continued in StuU
Motors on tho Brood Street Curb todav
tho Allan Ryan bid of 700 being main.'
talncd. Tlicro were n few small tran
sactlons at 700 to 710.
Trading In tho general list was ei
trcmcly quiet, tho disposition prcvallln
to pursue a waiting policy. ThCM
wro no wido movements In any issue,
, Cuba-American Hmrnr .n. :'.'
active, selling nt CO to CO. nnd British.
American Tobacco showed a firm torn.
wun saics nt i.to 21 i American
General Asnhalt wnn ni,!- .","
from 08 to 00. . Sweets ComVny w.
again Heavy, declining to 2.
OU Stocks wcrn irenernllv efn.1- m,
Basin Belling nt 0 to 11 and Pro
ducers nnd Itcfincrs nt 8 and 8U
aHffcy-GIliespIo was flrnAvk sales si
oJ. to ol'i.
INDUSTRIALS
i ...... ,.. , yi
"'- w .uki a
uru-Amer Tob coupons.. 21
tar Limt s
Cuban-Amer Sugar flo
UGimrai Asinnnir sua
(Irate Ola it;
Carbon Stcel 125
urate via prer 2
Indian racking- lag
Keystone Eolether is
North Ami iMn.. ,i'
Orpheum Circuit as
Perfection Tiro n!4
Pressman Tiro 4
"OUIO uom UK
Radio Com pref att
1'uu 7io7
Sweets Ca .. on
Times Sa Auto ni
Triangle Film U
Clou
U E illsh Speed Tool
82
1305 Am Strs."' '& 45-
25 tA T AT 00 00 00 U
000 Brill J O GOVj C4-J4 G0&2
400tColumb!a ""rat-.
Graph .. fiOU COi BOVi V,
1882 El Stor.'.130$ 135 135V, U
2 Mi Val. 44 44 44..
??r S2i,11 " 41 41 41
115 Philn Co
cum pf. 32Vj 32V, 32Vi V,
112 Phil Elec 24?J 24W 24$..
20 Phil It T. 23 23 2.T . .
00 tRcpl Stl. 71 71 71
75 mending. ,8.5 85 85 4-1$
505 U G I... '45 45 45 &
0 U Co N.T.170 170 170 . . a
00 tU S Stl.105 105 105
10W.T& S38 38 33..
cnT,?,BJ saIeB' f03i "" compared with
527oo.?ha..rM yterdny. Thus far this week.
42,280 shares. Same period last week, 30,
434 shares.
JNet chnnire made by comparison with last
sale on New York Stock Exchange.
Sales In riOXDS Net
"!" , , Hlsh Ix)W Close chue.
1 Elec & Pco
Tr4s ... 00 00 00 . .
1 Kcyst Tele
1st Bs ... 77 .77 77 ..
10 Lib Bonds
2d 4ts.. 80.00 80.74 80.00. 10
1 3d 41fs.. 01.30 01.30 01.30 .04
34 4th 4Mb. 80.80 80.70 80.70. 00
1 Vicfy 4s 00.00 00.00 00.00. 00
1 Pco Pass
00 00 00 5
t c 4s .
1 0-0 Phil Elec
1st 5s . . .
1 Uni Jlwy
inv Os
80 80 80
08V, 08V. OfiU U,
, Total, $57.000. compared with llR.n0fl yes.
terday. Thus fnr this week, $043,050. Same
period last week, 1805.500.
NEW YORK COFFEE MARKET
New Yorh, April 17. Coffee opened
very steady this morning with advances
of 3 to 10 points. Trade interests ab
sorbed offerings of May contracts. The
undertone held firm. Shortly after the
opening May touched 14.00c.
Interest in tho evening up of Mav
contracts is increasing now, but April
is more thnn half over and swIMilnir
"from Slay to later positions is growing
unny.
Sept. .
net. .
Nov. .
Dec. .
Jan. .
Feb. .
March
April .
May ..
June .
July .
Auk. .
Open
. 14.60
High
14.05
Low
14.00
14.54 14.67 14.55
14.50 14.50 - 14.50
14.50 14.00
lV.OO lV.88
14.51
lV.88
Close
14.57
14.54
14.51
14.48
14.47
14.43
14.43
14.44
14,57
14.72
14. R7
14.77
Yest.
close
14.1.3
14,50
14.47
14.48
14.43
14.41
14.41
14.40
14. .13
14.08
14.R.-I
14.C8
STANDARD OILS
Anslo-Amer Oil . ...e. ..'20 J
Biana un n J rights.... B
INDEPKNDENT OHS
Allen Oil 241 21
Alll. nil .' .?
lloone Oil
Iloston Wyoming
Cosden & Co
Klk Uasln Pet
Federal Oil
aienrock OU
Ouftey aillesple
Hudson OU
Island Oil
Kay County Gas
King Petroleum ,
Livingston
Maracatbo Oil
Morrltt Oil
Metropolitan Pet
Omar Oil
Tennok Oil
Phillips Pet
Prod & Iteflners
nyan Oil
Salt Creek Prod
Sequoyah Oil
Skelly Oil
Texas Co w I
Un Texas Oil
Ventura,
Victoria Oil new
Whelan Oil
MINING
Alaska-British Columbia..
Arizona silver
Host A Mont . r
Calumet A Jerome
Cn.ndeln.rla M
Cons Virginia,
treason uold . . .
Divide Ext
Kl Salvador ....
Kurelui Croesus
Forty-nine Mlnlnr
Ootd Zone
Kmma silver ....
Knox Divide . . . .
7xulslana Co
Motherlode
Murray Mog
Nevada Ophlr
Onhlr Silver
Rex Cons
H silver Lead ....
Tonopah Belmont .
Tonopah Divide . .
U a cont
BONDS
Anglo-Amer Oil 1Mb 100
Penna R It 7a 100
Texo Co 7s 08
42 41
' t
h $
3S 8U .1,
8V4 SH 3W
81 B1V4 814
flH n f'!t
2? 2 !
24 2 2
IK 1U 1J
21 21U 21T
18U 18U W
441 4 4J
5 5 5
ofi sg us
40 40 40
fltt SK SS
SK 8K S'i
45 447 45
12$ US' IP
Cltf 01 51
IK 1 IK
l ""
2rV 2 2A,
IK 1 l't
04 01 61
a4 , ,
8 '3 3
:::.: aft aft si:
...... ill iff in
....- IK i; in
82 81 32
10 0
8 8 8
::::: 55s 85H 6.iH
70 70 70
80 , 80 SO
K ;K H
8. 8 8
ft ". A
2A 24,
IK 14
10K 10'J
::::::: ?ft
10K
100K 100
100U 10m,
08K 08S
Lexington Thorobred
This model ready for Immediate de
livery; in various colors; with wood.
wlro or steel dlso wheels.
Lexington Motor Company of Penna.
Lexinfton Building, 851-53 North Broad St
Monarch Asphalt
STRIP SHINGLES
Tied or green natural elate. Four shinties
In one strip. No spacing and no chalk line.
Guaranteed for 10 years not to leak or curl.
Ask (or booklet.
J. C. GERBRON & SON
CHELTENHAM, TA.
STOWELT, MFO. CO.
Ilourso llldg., Phlla.
FOREIGN EXCHANGE
New York, April 17 The opening
figures of the foreign exchange market
showed general advances, with the ex
ception ot pesetas and Copenhagen,
which were both down sharply. Sterling
showed a gain of Vi cent and francs a
gain of S centimes.
Quotations were:
Demand sterling 3.96, cables
3.86 ! frn.no cables 10.30, checks 16.32
lire cables 22.00, checks 22.02 ; Swiss
cables 6.64, checks 5.66; guilder cables
37H. checks 37.00; pesetas cables
17.46. checks 17.36; Stockholm cables
22.20, checks 22. OS; Chrlstlanla cables
20.30. checks 20.16; Copenhagen cables
17.96. checks 17.80; Belgian cables
16.40, checks 16.42; marks 1.61; Aus
trian kronnen, .47.
TESTEIIDAY'S QUOTATIONS
BXl'D Francs Lire O'lders
8.05 10.57 22.72 274
, a.eort 10.35 22.70 a7
TODAY'S OPENINO QUOTATIONS
s.ter.".n,r ?Inc '"'re O'lders
Demand .... 8.05V4 10.82 S2.02 87 00
Cables 8.86 10.80 SiVOO 87K
TPDAY'H CLOSING QUOTATIONS
Sterling Francs Lire Guilders
Demand .... 8,15ft in.22 23.02 87 A
v.auics . .... o,ve iu,zu 22,00
Demand
Cables .
87 A
Mr.
MONEY-LENDING RATE8
rillLADKLriHA Call. 6 per cent!
time, 6 per- cent; commercial paper,
three to six months, 6 per cent.
LONDON Money Is quoted at 4U
per cent Discount rates, short bills
6K per cent; thrco months' bills. 64'
per cent. '
BUTTER, EGG8 AND CHEE8E
New Yortc, April 17. IlUTTKn mi
ItecelpU. 477 tub Creamery, higher thM
firsts (88 to 01 .score). OOtfolo? p
'KKt.W'nt make. No. 2, 41J42tL
score), 72ci
In? iiti...
4a. 2 il !!-"
WaJEw,?A "
fim.i. .117. TK-. :.Vfy..""'i0' nrsts,
KUUH flrmr. Itavmlm
rat he red extra flrt, 44
""""I aiKie, j-cnniyivania and nearbv
intern hennerr white., flnu tOMlrai
CIIEKSB firm. No receipts.' State whole,
milk. Hats. held, specials, S0 Sl2, u
as f&T. .; ""'" 8
F'ranklin
TrustC9
15th Street below Market
Weit Philadelphia 52d and Market Streets
Open from 8.30 A. M. till Midnight
Deposits, April 14, 1920 $9,830,325.17
Resources, April 14, 192Q $12,782,308.55
DIRECTORS
MILTON D, GEItniS
riiiLir 3. daiial
IIKNIIY O. TEDDLE
IIOIIKKT II. HOOD
JOHN J. CAIM3
OKOIIGK II. WELLS
C. HENDERSON SUITLEE
ALVHED 1. Ot) FONT
WILLIAM INNES FOnilEH
C. ADDISON HAItniS, Jit.
I. HECTOR MoNEAL
THOMAS ELLICOTT COAI.I'
ANTHONY II. OEUTING
A. E. FORD
CHARLES W, MILLS
Columbia Gas &
Electric Company
Special Letter on Request
WILLIAM W. COHEN & CO.
Members New York 8 tot It Exehann ,
67 Exchange Place, NEW YORK CITY
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