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H
EVENING PUBLIC ' LEDGER-.PHULADE'LffiiA .WElWsjBf '4?RW.if 420
U
Ttif-t
MARKET SUFFERED
NEW YORK STOCK EXCHANGE TRANSACTIONS
tmrhzv-.n
INM RECORD
s
fTI
fSmP
(,Eaiy"
lUbli.hcd
Uc Utility
rJfftdiMe, 74 Bonds
h,' Du l2i
rbondb of the Mo-
eU Valley Traction
ay are, offered at
"talerett, yielding
circular upon re-
g??ti or P-2S9
I U a - afla-
ttHatioMiUty
letna 1431 Chsltriut SU
nlle Cltr Chalfont Bleck
1228 Boardwalk
tfJMpondtnt, Office, In evsr SO Cities
Purchasing Power of
Lmcrican Dollars
i&V . . ,
ring uic .past icw
irs tile increase in
yield of sound se
rines has been in
lost direct ratio
th the increase in the
st of commodities.
the prices of com-
,$j,8tojonable to expect
j)Hftw decrease in the re-
rrtflr Tf wrinlrl cAAtn
Slifffllkt this is nn nnnnr.
ane time for investors
Dlace their funds in
r4fl- tJ ..!.. H-l..........
ux.i iu iuiyc duvdiudgc
high interest rates
Ver a period of years.
Yrile for (tur inreaiment
recommendation.
FRESH SHAKEDOWN
ftonowed Soiling Wavo Swept i
Swept the List After Morn
ing of Irregularity
New York. April 121. Prlre move
ments were hltrhly irregular in today'
(dock market. The alternating waves of
I ktrenttli and heaviness were the natural
j outcome of the violent fluctuations of
'the two previoui teslonn. It wai
strictly a professional market and one
'governed solely by technical conditions,
. there was nothing to be found in the
overnight developments to effect much
idinnge' either in price change or iu
the temper of Bpeculatlon. After the
smashing declines of the two preceding
day a inndcrute rebound was in order.
I There whs h Kubstantial recoveiy with
I tlie rallies the more pronounced in tho
I pool issues and fmoritcs of the apcvula
tive combination which had been hit
the hardest in the rhnvdQun. As noted
(yesterday, trndinj? became dull and
narrow on the udvancos. Indicating
clearly a very limited buying power
I when the more urgent demand of the
.snort int next were .sutisiled. This was
' further confirmed by the gradual can-
udlation of the early improvement.
I The luck of sustaining power encour
aged another drive against tho active
inari.ot. icnuers. liitli tho reactionarv
party playing on the theory that the
radical reversal in the market trend
Mnee the opening of the week foreshad
owed "ome important change in funda
mental conditions. This laid was ninda
the mure successful by reason of the
ruiching of n fresh strata of "stops"
unci the reappearance of urgent liquida
tion of speculate o accounts: which had
been- scriou-dy impaired by the nlde
breaks in some oi the recent lending
spi'culatlve favorites. Evidence was also
not lacking to confirm the reports of
brckes being applied to pool operations.
Some sort of new restrictions unques
tionably has been placed upon pool
manipulation ; the very tame attitude
of ninny of these former ngjtretlve com
biuutious is proof of the pudding. When
prices turned downward In the mid
day slump,'1 soft spots multiplied rap
id!) in all parts of the list, disclosing
the market still to be iu u very sensi
tive condition. The secondary reaction
wan possibly further intensified bj rea
son of the increasing weakness of the
Liberty bonds, the lirst 4s selling at
;.H
trk
.Jlft.-
w&
Biddle& Henry
?04 SOUTH FIFTH ST.
0m
V M jmm
lPUlll, JNOVeS & VO. Is- " ?2.S0 per JSIOO under yesterday"
V 1 tl nil 1 nrlim nti.l ili.t tlrot il'.a aft C n
er. V,w Vorb atoefc r)m0, ,,-' ,,.. ,,, . ".," W. Tnll
Hn Bk. Bldg., Philadelphia ' money oitcued at 7 per cent, as against
'liv This s.-emiug easing, how. ver.
i wus more supertiiial than real. The
I steels, oils, motors, shippings and
sugars in tile midday bacWt tell Horn
2 to 12 points under the cany maximums.
ii i
$100,000
rAWAniAN
I PACIFIC RY.
luipment Trust
6 Certificates
Issued Under the
jyyJMaieJphI Plan
IcPrice on Application
IRREGULAR TONE !
i TO CURB TRADING
Several New Low Records Were
l Established Stutz
Sells Off
' hiiiiinaiifl -m Trt liumi
rfli8 Cumulative
Ki , . ,
uuprrererrea otock
IMfl h. Pf. (Par $25)
ySm 4 aha. Com. (Par $10)
hi Brnc 100 and accrued
VW dividend.
$&tt i..,.
flip. 30S!c of total Picferred
T,r iBautj.
IL-tnf T.pnlni..
a --..-..
( nve limes aiiacnd tequne-menu.
Jjlnklnt: Vuhd
Si'. retires I
m
uv .... .....
jompieie uciaus oh rrqursr
Preferred stock-
about eleven years
j New York. April 21. The Broad
Street Cm b trading showed an irregu
j lar tone with manv cross movements.
I Some stocks were in vigorous demand.
. while others, were offoied on a larue
scale and several new low records were
established.
Continued interest wa attached to
the weakness in SImms Petroleum, the
dealings in that toek being largest in
the outside market, with continued of
ferings forcing the price down more
than 2 points to the new low record
of 20. General Asphalt was strong,
ranging from 82 to 8.". Kit: llasin
showed a firm tone, selling at 0T.
There was a radical change in the
situation in Stutz Motors, aud instead
of that Btoek being pegged at 700 it
was offered at 700 and sold in frac
tional lots from 700 to 6S0. The sales
of the forenoon did not amount to
100 shares.
2 IMIlsfRHIs
ai . .. "'tn
q Acme . 41
Aftna Kvp. n
' Rrit .mer Tobacco if
J I rtrlt mr Vobacn . nr
i ar i.ijjm
airman & Company 2
1
Dresel Bid:., Phil.
Eitkbluhed 1902
muu ha jjjaju' - 1 mi
f'ubn Amo snir
Gn Aarph
It-rcu' Tdp-i
Harden rhti.
Indian Parlunr . .
Kftnn Solethfr
K Kruit . .
Vor Am Ttvti
Prfectlsn Tli
Pressman T'-e .
Swft Co
IT a H'h fipJ Tool
1' S Stea.-n . . .
I'ntfd ProlM bhirlr.i
fnlted Itel Candy
Stutz
I't
"'4
.'1
i
:.s
si
31".
V.
M".
17'j
3rt
3
;i
:z
i-
..TOO :
INHKI'EMIKXT OILS
3S
thcrWay YouWin
'Wi Attar, a fi Tear Hand navtnp
j7.18r.. It at maturity money
srate an man ana atcurity
i,"rrle low, you cjn take your
an,, ana .reinvcai ir monty
are low and prlcea hlh.
cn eonvtrt ato a Fifty
tivt STr "Tt "ona or tha umi corn
el V.lf?VBriir rtl aft H.ti.t ,a ntnA
rTO InUratt Rate h fntnirmd
ifederick Feirce& Co
,1421 Chaatnut St., Phila.
e inVtuHno ij inc-rlu a matter at
teina where to it y your lotuls.
r, i ni
wx .J
T1. of Canada 7, 1025
Can Sugar 7a, 1930
Goodrich 7., 193S
, Can, Equip. 7a. all issue
a. K. n. 7a, JO JO
Elac. 7a. 1925
C. i. k LL CoL Trait 5i, 1951
singten Uas Co. Si, 1940
Mtufhl Sola Quoted
CownCa
n asv swvsai liitl maa- a
ri liAff tAW HiOAi.a tYMHL-,
NEWBURQER,
iWERSON & LOEB
timbers New York and
Philadelphia Stock Exehanaet
,14,10 Chestnut St.
k?UTrV.Vk."iV. .. LSI
i natar i. i
rapacr . ltWl
t M HIM. 01, ISO.
Irfcrt
A'Ip Ol'
Allad Ol ..
Hnalon yom ntr
"ItlCS Stii.u T. f' .
foadn C . .
Dominion O.I
!' k Bsalii Pet
ld' ! O.l . .
(ll.inrotlt Oil
Ouffev G"lpie
Itouaton on
lturtson Oil
T.el id Oil
Kiv Cnunt Oa
I.iMnarton
larirnIbo Oil
Merrttt Oil .
ste Pn . .
Phlllt- Per
Pro.!-ie-r a Reflneu
rtit I: ! Oil
Ujar O'l
Halt freei i jn
Slmmi P.n . . . i
SUelty On
Southern M.t . . .
Spencer Pe-
Ktinto'. ol'
Tex.n H.i. Ifli Coji . . .
Troplcsl Oi
Victoria Oi. new
MIKING
Alaaka Dr -Columbia ...
.Atlanta
I Pe'chrr divide
neicner i.lenilon ... .
Booth
Ilniion a Montana .. ..
Caledonia Mlnlnr . .
Calumet ft Jerome .
freunn Gold ....
D'vld Kxt
19 Mlnlnr
Oold ron . . .
Clold Kewana
rintd Merger
Ool.l 8llr Pick ....
Oolrt Zone
Oieat llend
Hec! lllnlni
llondurt Hyn
Juinlio Intension
I I. a Iloaa Mlnlnr
Ijiulalana Co
Jhann Valley ...
.NipiMinr ...
Nixon Nev
Flnr flroup
Silver Kin Divide
TunopAh.Uelmont ...
Tonap'h Ch Boy .
Tono Divide
Tonopah Kitanalon ... .
Tono-Jim Butler
Tonopah Midway
Tonopali Mlnlnr
Tomrpah Mlspah .
Tonapah Montana
U fl Cont
I'ntted rUatem ...
United Zinc
White dp . ....
Whit CP Kt
Wllbert ...
Ttrrlnrton ,
8llvr Mounltln . ,.i
'bonds
fe. ,,,... 7
1)
in.
1
l7v
I O l.t
P. .1"i
I 1'1
2f J04
3 :i
1 .'.7
.' 1"
.11 , 31
.. S4
11'. 11
K, t;l,
-.!'. :r.
:.' :.w
3 3J
.1 ..
a!.' 5h
i -j
in t.i
00 TOO
-'. J'
3V s
Sal-.
Sit
It
tail
Ml
?49
HO
tit
.lit
ttt
ltd
T!90
1t
!i)J
16J
tnt
310
310
4
6S0
1st
43ll
?0t
Silt
ft
Mil
7J0
not
J7nt
409
l)
1700
409
MB
13)11
Mild
an
too
'.'tUH
too
78
ltua
'Ml
100
400
70JO
417)10
tilt
3tu0
1300
I.1M0
ion
Slot
700
40 tl
400
ton
1U0
ttu
1000
l-o
lion
100
400
IrliJ
400
101
730
XT J I
101
tanj
C3I0
nm
too
lot
'.'00
i;do
oo
S7JU
too
too
0ll
.fl
100
7
lilt
e'i.i
too
riu
109
100
1030
uo j
300
1400
0'rt
.mo
149
5JU
i03
740
310
1U0
von
tnt
tun
9)9
:oo
499
3U9
100
310
709
SDD
5)0
19
1109
0)
400
13709
100
3719
MB
100
399
Alio
300
309
1090
-5J9
310
SOU
49
399
1199
109
1011
M0
3 J9
14J0
109
iOU
300
4000
3100
100
niv
in I
lllth
.. Advance numeiy .... sii
Aaance numeiy pf.. 7
Ajax Kubber 71
.. Alaska dold Mines... i
.. Alaska Juneau O M.. 3Vi
.. Allls-rhalmera 41
7 Allls Chalmers pt ... Sl
8 Am Agrlc Chem .... to
8 Am Agrlc Cham pf . to
3 Am Hank Note . . 4'!
8 Am licet Sugar 100 U
10 Am Bosch Magneto. . ,1141s
Am Can 4'S
13 Am Car A Vdy I38'4
Am Cotton Oil 40
80 Am Drug Syn 1H
.. Am Hlile & Leather.. m
(I Am Hide & Leather PMJ15
a Am lnternat Corp.... tlVi
Am-La France Eng. . . 13H
'2:M Net
Low (NTtm) Cht
3 Am Linseed
1 Am Linseed pf . . . .
0 Am Locomotive . . .
7 Ant Locomotive pf.
. Am Fsifetj 1'azor .
.. Am Ship & Com...
4 Am Smelt & Tlef . .
3 Am Steel Foundries.
7 Am Steel Fda pf ..
7 Am Sugar Tlef
10 Am Sumatra Tob . .
a Am Tel & Tel
20 Am Tobacco
3 Am Tob sec temp ctfs e3?i
7 Am Woolen 14 Vt
. Am Zinc Lead & Sin. 17
fl Vm Zinc lnrt (t Sm of f3
H
.YUSt'j
.103:.
.. 1454
.. 311
.. an
. . 43H
. S4
..134
.. H4
. . 91
4T,
ID
3.50
Anaconda Copper . . . .
Assots Realization ...
Aeso Dry Goods . . . .
Atcli Top & Santa Ko.
Atcli Top & S F pf..
Atlanta 13 1 mi & Alt..
Atlantic Coaat Line. . .
Atl Oulf & W I S S
Baldwin Locomotive...
7 Baldwin Loco pf .
. . Baltimore & Ohio
8 Harrett
.. Bethlehem Motors.
,' Bethlehem Sttcl . .
A Bethlehem Steel B..
8 IKthlohem Sil te
. . Booth Fisheries
. . nklyn Itapld Transit.
Btooklyn IMison . . .
.. Bklyn Union aas....
fl Buff Koe.t & l'llts
10 Burns Bros
. . Buite Copper A: Zinc.
. Butte 4 Superior Cop.
. BuitcrtcU
. Caddo central O & It 2'A
6 California lMclslng ... 7815
. . California Petroleum. 34
7 California Petrol pf.. 79
10 Canadian Pacific
& Central Leather
8 Ctntral of N J
4 Cerro da Pasco Cop..
10 Chandler Motors
4 Chesapeake & Ohio...
. . Chi &- F. Ill Kq T ctfs.
Chi St P M & O pf.
0
43
M?i
7t,
3
7
l0
.131'.
. .109i
. 3I?
131
. 379,
. ft'
. 94 U
pt.lll
... iota
liyi
9 J U
31
an
MS?i
Vx
3Jli
yi
.111'.
. I3tf
fl
San
.149U
9'4
SO
2 Chicago & Gt West pf. 33
.. rhl Mil & St Paul r.svt
. : Chi Mil & St Paul pf . 33
. Chi P. I & P.1C . . . . T3
0 Chi n I & P Cr pf . 3
8 Chi Pneumatic Tool.. ''i
.. Chilo Copper .. ., !
.so Chino Copper . . 34 !-a
S Cle Cm Chi & St L pf 4
1 Coca-Co'. i SdU
0 Columb Gas & Lice. . . .?
1 Col Graphophone .... 49
7 Col Grapliophono pf S3
3 Colorado Fuel & Iroa. 37 'i
. Col & Southern 33!i
4 Comb-Tab Record 39
7 Continental Can 03 'A
1 Continental Candy ... 13! e
7 Consolidated Gas . . RS
2 Con Interstate Cat M. 17
3 Consolidated Textiles. 4'J
4 Corn Products Itcf.
7 Corn Prod Ref pT. . .
13 Crucible Steel
7 Crucible Steel pf.'. .
. . Cuba Cane Sugar .
7 Cuba cana Sugar pf
10 Dof Lack & Western
Denver & Rio G pf.
I Dome Mines
. Duluth So S & At
Llk Horn Coal
3 Kndlcott-Johnson .
7 liirticott-Johnsoii pf .
. . Erie,
. Erie 1st pf
Krle 2d pf
8 Famous Playera-L
3 Fisk Rubber
. . Freeport Texas . .
. . Gaston Wms & Wig .
9 General Cigar
8 General Llectrio
. . General Lleclrlc rts. .
10 General Motors
10 General Motors ctfs. .
7 Gen Motors deb ""V.
6 Goodrich B F
7 Goodrich B F pf
. . Uranby Consol M & M.
7 Great Northern pf. .. .
4 Great North Ora ctfa.
Gulf Mobile & Noilli
101 'i
1032
347
7',i
''j
83
181
ll'i
19 Y2
4
3
III
'
13
SO
It
71
33
V34
15
CI ! a
153H
r.ti
33.
SOU
C8
S3 54
43 V
"5'i
36?
13a
4 Haskell & Barker Car 69 'J
Hendee ctfs . . .43
t Hupp Motor Car . . . "i3
7 Illinois Central . (3li
,6u Indlalioma Kef S'j
9 Inspiration Con Cop . 55
Intcrboro Con Coin 4'i
Inter Con Corp pf . . . I3'
Int Agricul Corp . ..33
J Int Agricul Corp pf . 3
8 I nil Harvester new . 138
Int Mer Marina 3'i
6 Int Mer Marina pf.... '-'?
Internal Motortruck. .134 4
3 30 Int Motortruck 1st pf. 79?4
3 30 Int Motortruck 2d pf. OS'i
.. International Nickel.. 31 's
.. International Paper.. V.'S
8 Inter I'd per pf stpd . 73
4lJ.
7;n
:i'i
in',
8
U
IU
Commodity Marhcts
. 31. K 3'h
33 "1 31',
oo an nn
s T
r,, t, -.-;
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r . i',
Ji .', -.o'i
' 17, 17
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3
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31 30 31
it. iii iJ
12. 12 12
14 1a IS
12 12 12
3', :, n
a 3 3
12 12 12
23 22 23
'. ' '
4J, 4', Vi
1S1J ISl, 1X1,
(i
'4 '
..:i $ .$
34 J't 21,
Id'i 10 10
in h h
2Z li 2'J
2i 2U -.'li
f) 8
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21 21 "T
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10 10 10
18 18 19
pli li 8S
8S 84 3H
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2 2 V
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SB 60 69
38 li
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114
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399
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D1V.
int
.. Iron Products Corp. , .
3 Jones Bros Tea ,
4 Kansas City So pf...
4 Kclly-Src Tlra
7 Kelscy Wheel
2 Kenneoott Copper. . . .
130 Koyatonelra T t 11 ..
Lackawanna Steel ...
.. Lee Rubber ft Tlra...
3 30 Lehlch Valley
3 Loew Co .,,,.
. . IO ft Corp
12 LorlllarU P Tob x..
Lorlllard P Tib rts
High
45)5
314
44 li
It
o,-
29 15
37
8315
33
H
33
1815
14714
714
2:80 Net
Tw (NTIinlcn.
.. Malllsen Co 42
10 Manatl Sucar 143
10 .Manatl Sucar pf .... It
2 Mnrlln Parry 36
.. Martln-I'airy P.ts .. 13J
7 May JDept Stores . ...IJ3
10 Mexican Petroleum. ..lAt;
2 Miami Copper 33
l.oo .Middle States Corp... 33 H
4 Mldval Steel & Ord.. 4515
.. Missouri Kan .A Texas 'H
. . Mo Kan & Te pf . . . . 12yJ
.. Missouri Pacific 2354
.. Missouri Pacific pf... 41 Ji
. . Montgomery Ward . . 36
4 Mulllna Body 41H
3 30 National Acme 37 H
.. Xat Anallna & Chem. 8J,
7 Nat Anallna & Ch pf. 81
7 National Biscuit' Co. .113
7 National Biscuit pf.. 11314
.. Nat Conduit & Cable. 11
Nat L'nam & Stamp.. 7!',
U National Lead ...... 84
. . Nat II II of Mex 2d pf 3
1 Nevada Con Copper.. 1415
.. NO Tex & Mexico.. 31
10 New York Air Brake. 163
B Now York Central... 7914
2 80 Now York Dock 38 !4
. . New York N II & II. . 39
1 New York Ont & W.. 18
7 Norfolk & Westorn.., 13
7 Northern Paclfio .... 7015
5 Nova Scotia SAC... 2
.. Nunnlly Co 2015
4 Ohio Cities Uas .... 4115
.40 Okla Prod & Ref.... 3
.. Ontario Silver Mlnlnc. 815
.. Otis Steel 31 ?i
3 Owens Bottlln? Mach. 534
4 Pacing Devel Corny.. 701i
3 Paclflo Gas & Elec.., it 'A
0 Pan-Amer Petrol ....11315
7 Pan-Amer B 113
3 Pennsylvania R R.... 40 'i
.. Pnn Seaboard Steel.. 781i
. . Ptre Marquett 211
.. Peoples Gas Chlcaeo. . 35J,
3 Philadelphia Co 37 li
. .. PIrcc-Arrow Motor .. 61 Ji
.. Pierce Oil 17 W
8 Plerca Oil pf 89
4 Pitt C C & St L..., 78
.. PltUburch & W Va... 28?4
3 Pittsburgh C of P... 9
1 Pond Creek Coal M
8 Pressed Steel Car. ...104?a
. . Pub Serv C.orp of N J 66
8 Pullman 116U
5 Punta Alegre Sugar. . 117
l Hay Cons Copper.... I8H
8 Railway Steel Spring. 98
4 Reading SI?4
Republic Iron & Steel. 107 ,
4 Republic Motors . . 47 !
)X Rels & Co . . . 21
.. Remington Typewriter 88H
.. Replo Steel M
8 20 Royal Dutch , 1 13'',
6 Savage Arms 73
. . Saxon Motor 1634
1 St Joseph Lead 154
.. St Louis San Fran... 19 Ji
. . St LouIb San Fran pf . 32S4
. . Seaboard Air Line pf . 15
8 Sears-Ttoebuck Co ...200
.74 Shell Transport 83 JS
.. Sinclair Oil 3715
6 SIoks Sheff 74 '.
o Southern Pacific . .. 18 li
Southern P.all 22 li
ft Southern Rail pf. .. IS
20 Standard OH of N J.. 714
7 Stan Oil of N J pf...l07'i
s Stewart Warner Sp.i 4&'-4
4 Stromberg C'arl W
7 Studebaker 114',
fl Superior Steel 34
Terator Corn & F A" 44
Tenn Cop & Chem... II li
IU Texas Co 4S'i
. . Texas & Pacific 3S
r. Tobacco Products ... lO'-i
7 Tobacco Products pf.. S9
.. Transcontinental Oil.. 19
Transuo & Wms Steel. J5S'5
45
3134
44 K
115
89
2834
33
8134
3.1
43
32
18
143(i
7 '4
42
133
93
78
U5
Union Bag & Paper.. 117
Union Oil 31 w
10 Union Pacific 11834
4 Union Pacific pf . . , . . 04
i United Alloy Steel 4C'i
8 United DTUg . ......138
10 United Fruit 214
3 United Retail Stores. 73;,
5 U S Food Produa.a... 70 U
8 U S Ind Alcohol '. 1534
7 U S Ind Alcohol pf . . . II
.. U S Realty 4 Imp.... 57!i
8 l? 3 Rubber tCt'A
US Smelt & Ref.... C7!4
3 30 V H Smelt & Ref pf . . 4
BUS Steel I92H
7 U S Steel pf 110',
fl Utah Copper 13
4 Va-Carollna Chem ... 4
6 Vanadium Cotp S1U
Va Iron Coal 3: Coke. 94
.. Wabash ',
Wdbasll pf A 74
Wells Fargo Exp .... 39
Western Paciflo 25 34
'7 Western Union Tel... 87
4 Westinghouse K fc M. 591,
.. Western Maryland... I7,
Wheeling k I. Erie, . . 10y2
4 Whlta Motor 1
l Willys-Overland 2315
7 Willys-Overland pf... 85!i
3 Wilson & Co 3
9 Woolworth F W 13134
s Worthlngton Pump... 77
137
189
22
33 1 i
441i
8
IVA
U34
'49
3415
41H
37
161'.
M
113
lll'i
10'i
74
Mi
5
11 '4
31 i
1U2 '
13.
3815
27 H
18
12
74 ' 5
CIS
20 ' 2
40
4 34
H
2
in-,
70 li
59 li
9i
V
40H
261-5
23
35
37
64 '4
17
89
70
il'5
3834
18
99
6R
1I6U
103 '4
IS'i
97
78
U32
4.V
21
78'5
I.I
11034
73
162
15 t
20
32 '4
13
2011
83 '4
3
73
1 2
3115
rs
714
11.7
45
M
1 J
53 'J
44
II
46 '4
31
8?4
81
15 3.
581
1147,
31 li
I17'5
4
4'i
138
.U8
52 4
08
93 ' i
99
36
1(3 '4
C6'i
46
I09H
119
81',
t
',
.'3 ',
31
27',
86',
511
9',
19',
39
71
854
69',
139
75
4314
3134
44 A -IK
-
89 -28
-35
'-
8134
35
43 -
32 '-
18 -
143 '5
315-
43 -140
D.l -
26 -
1W
131 -
18015
23 -13i-441',
-8
-1
-3415-4134-37
6H
81 4-
113
1I3'4-
II h
76 -
e3', -
i
2415 -
3915
1Q3 -79
38'4
29 li -1815
93',2
7614
C7 'i -VO'j-
4i m
4?
li
24
5.1 ',4 -f
70'i-
30U-
10215-
101 I
4034-
27
2534
33 -r
37 t-0734-
17
89 --
78 -
28 -110
19
10234 -
60
lieii-
115 -
ISli-97'i-SO'i-105
-47
-71
Sll'4 -
3
111 -
73 -
16',;
1315 -70
32 !4 .
13 Vi
200
8315-!-38
-
74 li
00 14-)
-
ObUKtUDT U.U.I.'
l'4
w
114
15
I
fl
1
15
3
315
1
134
n
n
i
34
l'a
1
l'i
U
Switching Operations Responsi
ble fqr Weakness of That
Stock and "Ponnsy"
Tho local market, after makipg nn
encouraging show of strength at tho
opening, developed fresh weakness,
which could be partly attributed to thr
s.wnpnthetlc influence of the renewed
downward swing I New York, and to
what is kown as switching operations.
The lattr applied mainly to United Gas
Improvement and Pennsylvania Hail
road. The former made n new low rec
ord nt A4, and most of the selling was
bueved to be for the purpoc oi se
curing fund to Invest in the' forth
coming new preferred stock. Nine. After
tlie frank and roassm inj; -ilatoninitM
which have heen riven bv the Ofllclals
of the fompnny there "surely cannot be
. .1IIM AM ,I.A KHM,'..f 41. hLn.1.
u'i, ni'iiiu nil mi' Jim, ill inu runic-
liplders prompted by fearB of reduction
iu the present dividend rate. As strong
a it Im been possible to make it. offi
cial statements have been to the effect
that the current dividend rate of S
34
15
115
!
li
13
15
94
er cent will not
i for another year.
'
214
15
14
'l5
U
34
l!4
1
14
34
15
I Vi
34
34
i.
34
'34
215
4 34
Hi
1J4
ii
be altered, nt least
The same desire to
ell the present stock and buy the new
7 p'er cent bonds accounted for the
heaviness of Pennsylvania Railroad,
which yielded to 40?',.
Liquidation, apparently not altogether
of a Voluntary character, reappeared in
Lake' Superior Corporation, depressing
that stock to 17. On the other hand,
Philadelphia liapld Transit hhowed n
much stronger front and moved up Io
'J27.J on the outlook of a move satisfac
tory adjustment of the local transit
hituntion. especially ns to the building of
the Frtmkford elevated line. This was
reflected additionally in the rally of
I'nlon Traction to -.'i?- Klectric Stor
age ltattery after nn opening rnllv to
1S5U reacted to V2V,,. J. O. Its-ill lost
'(declining to ."il'a utid American Stoivs
fell back to 44.
k FOREIGN INTERNAL BOIStDS
S,
Wc hnvc established
Direct Cable Communication -
with
Belgium, France, Great Britain arid Italy
mid through our .agents in these countries can offer subject
to change In price-
Tuesday' Closing Price at Tar
1'rlec nxehanga Norrnal
Belgian Govt. Restoration 5t $66 per 1000 fri. $193
French Govt. Victory 5i 57 per 1000 frs. 193
French Gort. 4 of 1917 47 per 1000 fn. 193
British Govt. Wr Loan 5i 356 per 109 486
Italian Govt.Contolidated War Loan 5i 41 12 P" 1009 lire 193
Belgian Govt. New 5i, 1920 $70 per 1000 fri.
Frepch Govt. New 5t, 1920 , . . . . 66 per 1000 fri.
Wc arc prepared to give information concerning these and
other Foreign Securities and invite correspondence- on this ''
subject.
EDWARD B. SMITH & CO.
Bankars
1411 Cheatnur St., Phila.
ELKINS. MORRIS & CO.
Barbara
Land TiUe Bid;., Phila;
Philadelphia Stocks
IlWrh
410 Am Strs. 44
Itf Am Gas.. 42
20 Itrill .1 G. .-4V.
710 FA Stor..l2."5H
810 Lake Sup 17
I.'IO I.eh Nav. C.T
M I.eh Vol. 4;is
L'OO Pen no Cen
I.icht pf 4'J
"lOOPennTrnf U'-i
l.ow
44
42
12Vi
lTs
OH
4:i!i
1 .31) NM
p. m. chs.e.
44 . .
42 ..
BIJs- 'j
12-1 1
3
i
I
''4
134
VA
Hi
115
li
34
li
I
4
3H
1'4
?1
- 115
V,
15
714
107
4.1
8.1
111
adj.
44
I
48 H f
38
834 4
89 -171.
-58
1,5 -117
-
3154-
1I83
04
415
138 -208
5 3 34 -08
-l3'4-
99
3? 14 -I- Vi
U3V5- 134
Mli 1
4ft
K0S
110
723, -74
8i,
94
8',, -24
it
25 I,
86 ?4 -39
?i
lOVi -3134
-21
-85
' -9'i
r
1334
73 -
DOit Pa It It.
T.oS Phil Klcc
140 Phil It T
.'IO Mt 'ailing
400 Ton Hel.
200 Ton Min.
1(5 l'n True.
." I' G I...
11
240)
ion;
ft
02.-. tf S .Stl.lOHA 101 K 101vA-f s
NVt chans mado by comparlnon with last
aalc on .New lurk Stock Uxchanm.
40;li
24?.
22V..
Sl
1
II
o:t
i:i',i
20..
to -
ni
22a;
Sl-?,-f
21
l's
H 1
)J30
p. m,
Net
dice.
J23i IW-. 1
"li
Sulfa In IIONDS
ItOliO llleh Low
1-10 Am Gas &
Klec os. .. 7." 7."
10 City Is 'U o;i
,"i l.chih Vul
ecu 4'os. .' 77
1 Lib liomls
2d 4',s.. 8.1.70 8Ti.70S.').70 1.0(5
S :!d 4,h.. 01.20 1)0.80 1)0.80 .74
IS 4th H.d. Wl.JiO 811.00 Rll.Oli IIS
?." Vict' -l-h U0.20 00.11 00.11.01
' . Phila Klec
, 1st ."js ... So S.T ST, ..
. Itend'g g Is 7o 7.'5 71! 1
Philadelphia Markets
1
1V5
Ex-dlvldend.
sold at KSLji'. .Septeni
l'rv 11:30
cloit Open a m.
41.115 41. er. 4 t.Rn
3'l CO 8'i.72 3 70
ne 48 .io.t'2 ns 60
33 IK 8.VS7 .15 03
II CO .14 711
S3 SO 31 00
COTTON MARKET
New York. April 21. Continued
favorable weather in the belt, uith
heavy rains reported from pa its of A1
11 bam;), caused a steadier opening in
ccttou todaj . Viist price" eie 10 to
20 point.s higher
A leading xpot housi' a a larue pur
chaser of October. There also was local
(overing. The demand was filled fiom
southern aud Japanese sources.
Later, th( list agged under this pres
Mire, which wa-. not offset by any out
cide bujing Prices, at the end of the
first twenty minutes, were aooiit u
points under the initial levels.
The receipts nt the porta for the day
are estimated at 26,000 bales, us-alna;
16.184 bales a week ago and 10 752 bales
j year ago
N v. tim
Ma . . . .
July
October
pcetnb r
.linuary
lurch
GRAIN MARKET
Chicago, April 21. fuder a rush of
selling orders this morning prices for !
corn suffered hhurp declines'. Buying
support was lacking and quotations ,
dropped rapidly after the opening, fall
ing so fast that, at one time, the figures .
on the board were nearly one cent a I
hushe) above thoRe pravailing in the pit. '
The declines waa checked later. lie- '
ceipta today were Bfl earn. I
AUy openea at .i.i-'-j to $.t;
end then receded to $l.Tl',4. July was
quoted at .51.00 to t.0.'. against
IJ1.00M. at the close yesterday, and
sagged to $1.04. September opened
at $1.01 to 51.00, compared with
?l.01?4. yesterday's close. AH deliv
eries rallied from the bottom.
All prominent commlcaion houses
had orders to sell oats at the start nd
th market broke. Buying support vyas
not good. Tb receipts here irtre
thlplv.nlnA tf-rM-
.....-, -.-,-.-,, , . -,,
M8T OPMH V Ml wc ui. urjiU;
TUfat t
tenlay, and late
ber Marted al 77:!ic to 70'sc
Ufteipts of wheat here today ueie
I four cars; at Minneapolis 15:1 cars and
jut Duluth 154 cars.
I id In. future- ranscd a follown
Lnitaco 'J line
Financial Briefs
I'urn (nnv Uelhery) 10 3U Tut
linen lli,h i.nw a m i o
Mi . 1 TJ'j 1 72', 1 71'. 1 72s 1 :'.
Julv I 64 1 06 1 Hi', 1 Oi1, I '..!'.
CUM
.M.v r, fiT'j dii, n; :i;-,
July sa', 1.9', .Vi s SJ'
Hork
July .37 10 3; SO 37 7i) 37 7i) -37 T-.
Lard
M IS 77 19 s", 1177 19.77 Mil so
Julv .'0 63 JO 01 JO 57 20.37 JO IT
Ulbi -Julv
ttt 00 1100 1 9." tS 92 'l'i "0
Did 'Aked
The Xew Yoik Stoi k Kx'-liangp has
ieceleil notice fiom the V W Wool-
I worth Co of the proposed reduction In
Deferred Ktock from 115,000,000 to J12,-
000.000 and an increase In the common
stock from 150, 00 000 to 1100.000.noo
The exchange has stricken from the list
, Texas Co, capital stock, oar value Jmo
and has adinlttw to Hie list Tenas 10
cipitul stock, pai value j5
The average iimcp 'of twenty lutive
'ndustrlal stocks declined 39 per cent
! wsterday to &fl 48 while twenty rall
toads declined 1 30 ptr 1 em to 73.20
FOREIGN EXCHANGE
rw lurk. Apt ii 21. The (oieign ei- '
change market openea weak Mtnme
telling to 3.9I'4 for demand and 3 SG
for cables Francs and liro wete both
sharph down from last night's close It
was thought that the unsettlement 13 ,
due to the Japaness financial crl.11." .
quotation were:
Franc cables IS 33. checks 16 3.',. hie
(allien 22.40. checks 22.42 Swiss cables
5 54, checks 6.56 , guilder cables 3714,
checks 37: pesetas cables 17.33, checks
17.25; Stockholm cables 22 20, checks
22,05, rhrlstlanla cables 20 15 1 hecks
u.cu cjopeniiagen c-auits it ou t necKs ,
special meeting of the slockhoideis
of the Glrard Fir- anil .Marine Instil
ance Co. will be held June 24 to take
action upon u proposed Increase of
capital stock from J5U0 000 to S1,U00,0G0.
Tho New York Subtrcasurv gained
J4 "90.000 fiom the hanks vesterdav
reducing the cash net loss since Frlda
to J2.696.000. '
I.eglslathe inejtigation of nlleceil
'unfair mid oppressive methods' in
transaction of business on the New York
Stock Kxchange was reported to the
New York Legislature by Senator Inline
f nli.nl, f. nf Umnltl.. .T .
.,, i.iuvn. wi. m. iiwuiui 1 Lunirarv in
17 40. Belgian cables 15.30, chicks exnectatlon the resolution .i nr. ,.!.,
U fin miftu 1fii Atltltvtan 1tAn. ' kn Il.-nl.llj.. t.. ..., . 1 - .
1 65 . Austrian kion-
r.eti. 51
Around midday, the market Was dull
Sterling was steady and marks im
proved a point further, white francs and
lire shaded several points from the
opening figures
TESTErtDAT'S FINAL QUOTA I'fON'fl
Sterling Frtncs Lira Oulldpri
Dtnwnd . . 8.911 18 18 21.82 37 A
Cbl . . 3.QM-1 18.10 21.90 87 A
TODAT'fl OPBNINO QUOTATIONS
Sterling Francs I. Ire Uulld-
Demand 8.' 14 8.1 22.42 37
Cables . . . 3.93 18.88 22.40 37'.i
Today's Range in Liberty Bond
N T tlnrw)
1.1s
n. m.
03.20
li. ,-J
Lib B 31j.s
Lib It 2d 4 .
Lib II 1st 4 '4 s ..
Lib B 2d 4 U a ,.
Lib Jl 8d 4W8' . .
K 4th 48 .
.j.Vf
mm
0.1.40
85.00
fiO.40
80.32
01,80
86.B0
S6.
IJW
00.20
8R.83
88.00
8.1.50
00.70
8K.58
8S.30
88.00
83.50
OO.ftO
53.00
SO 06,10 U4J.12
ay iteDuuucsn leaaers ami irfpin.. m
the Senate finance committee.
Dueclois of .Middle Stale). Oil Co met
Tuesday and took net ion upon the stock
allotment covering the first quarter of
1920. Official announcement of the ac
tion taken will not be made public un
til the latttr part of nut wseU as rati
fication of the proceidlnss must he made
by both Toxgs Chief Oil Co . trustees
and directors of Dominion Co., who meet
later In the week In Texas It is be
lieved the allotment lll be at least 00
per cent.
Subscriptions to the two "recent Issues
of treasury certificates received by the
Federal Ileservn llank of Philadelphia
amounted to 513,500,000 for the Third
Ileserve district. The subscriptions to
thk respective Issue's follow Hprles O.
614 percent, dated April 15 and ulatur.
Ing October IB, $9,736,000 and .Scries
F. 5 per cent, dated April 15. and ma
turing July 16, 13,744,000, Qn the pre
ee4Un Issue oi 44 pr cent certificates
dated April 1 and maturing July j-sub.
wnniiomi io toiaiea Ji3.&ou,ouo in
1VIIKAT r.prclpte. f.ti.,177 bunh-ls Th-
uarkd ruieii mm at so eminent vrKes
CORN-lleialptH. 23.303 bushels. Flnnli
hM. We nuot new. as to iiualltv and lo
cation, at II 73&1, 90,the latter for No. 2
cllow
OATF o r'celpls and markel firm Car
lots nn to location N'o' 2 while 11 21 W1 J5
No. It while. 11 '.""i Ol 23',. No while
11. 21 122.
FI.UUH Itecelpla. 027.330 pounds n
sacka. Quiet but firm. The quotations Pci
19D lbs packed In 140-lb. Jute aack Soft
winter, straight. wea:;.-r.. ill.snii.73: do
do. ftralcht. nearby. 111.2311 80; hard
winter stralht. 112.7801.1.23: do. short
patent. 113.80014: serins' first clear, 110.75
11. 80. do. patent. tJ8.750l4.28; short pat
ant, JM .'iOfi'lD.10; fancy aprluc and cltv
mllta patent, family brands. I14.85O13.10.
Rye flour. 91 1 11.50.
PP.OVigiO.NS Sttady hut nulet Dccf. tn
seta smoked and alr-drled, 50c, but.
knuckles and tei.dera, smokid snd alr-drl-d,
31c pork family, CUc; hams. S. ). curtd.
loose 2f)i31c; do, lilnred. loone. 8l)38)'ir
do do. rmoked 320821ic. hams, boiled,
bonelt.- 4Bc. picnic shoulders S V cured.
lecse. 21i do, amok 'd. 22c. bellies In pickle,
Ino-e 241, c. breakfait bacon. 32c lard. ,
23S i- I
HUi'TErt advanced 1- The quoiailons fol
low Solid-packed ireameo tin,.. hlh
scotlnz coods, 76$7Sc. nstra, 78r extM
tlrstt, 7274c, firsts, ,'i?70c, eeoiinds 8ST7
H3r siet erst Tiers', . hole to fano. 771c '
7Cc ordlnarv to ood, 71f(tSjc. nrlnta lobh.ru
at 82,fi)85c for fancv nd at 71ff82i for tali i
to Rood !
IIGOS adanced 30r ner r, Q.iotattoni.
F'ree. case nearbv flrata J13 25 prr erate.
ntarbv current receipt. 11,120 wetern
tra flrata. J 13. 20. wrjtern rtrns US OS.
loulhern. Sl'J: selected fresh caas lobblnz
at nn.'ijn or doxen.
ClIEKHE h.ncy atock acarce and (Vim I
Quotations Xew York, whole-milk riata.
held, fancv. 31032C. Fpecials higher, held,
ordinary io rood, 280:10c: current make
nominal. Jobbing- sales of fancv soods, 3.1
WS4c ,
1.IVI1 POUI.TP.Y Fowls, fan-t 4.1ri:,c
do. Inferior. 40942c. brolllne chicken,,
fancy, eoft-meated, weishlna 1ST l'n ib
stilece 00&7.-C. rooiters, noft.mrated 4 ti
15r do. ataKfO' 408 42c old roosterf 2Sji
.liic ducks, white I'ekln. 4.1tf43c do Indian I
Uuiincr, 42W3c. do. .Muscost 30W;I2i
Plseonc, old. per pair. C0O63i do, souns,
40'&4Ri,
DrtJiHI-.U I'OUI.rnv rowls frenh-kliled
drj-pliked in boxes welnhlm 4 lbs and
oer anUie. I31, r. welxhlnr 8'j ll.s 40(1
llr w-dchlnx 3 lbs. 3il&'8r.r fowls, freih
kllled. In bid? . drv-Dlcked. welchlna- 4 lbs
aid over apiece. 43r, welrhlns; 3' lbs 39
SJ4IU welKhlnr 8 lbs.. 36tfSic; old roosteis
dr -Picked 30c
UKICUN FllflTS Vnoles Dei bbl as io
nuallts lltfii d per box, SL.-,nQi7.'v
Oranaes. Florida ner box. H 'J.Va S ,M. in,
I'allfornia. per box 1.1 10 tr 7 70 Orspcfrun
1'iorlr) a . p-r box, ll.;i.'.VU.V. Strawberiiei
Floiida r.er nt . SSW.IOo.
VKIIIITAULKS White potatoes, ner ri
7WS do per l,10-lh'. bae. illftlL.SO. di
nr 103 lb bait 112.30" Sweet iinialnes,
southern ver bnniper, I l'n 2. 73, do. ,U'isnv
ner baak-t. 1I4T2.23 l'bbae. Florida ni
hsmper II 2.162 do. pejr lilil -cate Jl 7s
HI 4 Onions per 100. lb, aacks Yellow No
I 7i?S23 do No. 2 and defective 13 .".jtj-
i.o.
BUTTER, EGGS AND CHEESE
rw York. Anrli 21 BUTTCIt mronj EE
Hecelpte 22SO tuba. Creamery, hUher than 22
extras 73', l378:. creamery, extras (H2
itcurer ,.c ursia isa io vi scnrei. iinna it
parkltu stock current make No. 2 42.
KCiiiH aleady IteeelPt 7220 esses Stor.
age packed, extra firsts, 47'.i 648c, do firsts
4.','jW47c ficsb-mthered extra firsts 4iitf
47 do nrsis, 42'iIS',c, state rnnl-
aiiM aim nr.ini iimirii nennrr unites,
firsts to extras ISO.IU. state. Psnnsvliania I
and nearb hennerv brouns. extras 40r30c 22
no camtren r.rnwna ki-1 nilxeil colors, nrsls
to extras 4."3 40r
Cheese flrni N'o receipts Mate whole
mini nais, new. specials, wime and colored,
30JC3U do averase run. 2St2Ur stale,
whole milk currant make, special, white
snd lolored 2"'i 02Sc do ateisse run. JOtf
27c
Banking Personality
TTHE Continental-Equitable Title nnd Trust '
Company is a bank of friendly, helpful,
sincere personality. The courteous service.,
rendered impresses those who must ultimately
be the beneficiaries of it the depositors.
And Continental-Equitable thoroughness and
attention to detail 'are the results of personal,
supervision by competent, experienced
officials' and by an active, interested direc
torate. The cumulative effort of years of
successful banking is expressed in the service
the Continental-Equitable offers to you.
You are invited to confer with us.
Continental- Equitable
Title an Trust Company
Twelfth above Chestnut
Philadelphia
Capital $1,000,000 Surplus $1,000,000
Over $11,000,000 Deposits
The Industries Which War
Did Not Upset
There are many industries which,
though they may have profited by war
business, were able to handle this with
out undergoing any radical change in
their organization, plant and equipment.
A business like this is of course in an
infinitely better position financially than
the many corporations which at the
close of the war found themselves with
equipment which coula" not be used.
In a few days we shall offer a security
which prospered in war and will enjoy
even greater prosperity in peace.
GEO WKENDRICK 3rd $ CO.
KJ?aihers
1431 WALNUT ST." ,-,,-w, PHILADELPHIA..
lUmbers New York and I'hlla
siilpbls Stock Kubanm
V
Telephone! Fell Sproee fill
Kcrston Bae 1111
lllllll'IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIH
When you want
i to invest in
Bonds
Foreign Govt. Howls
Preferred Stocks
Listed Stocks
permit us to send you our lists of offerings for consider
ation. . Theso contain carefully selected securities which we
have investigated nnd recommend for conservative in
vestment. We are always glad to send circulars or information
upon request.
BANK CLEARINGS
Ha i.l- i'arlnzs today compared w Hi . .,i
responding do last two eurs
1920 imp 101
Phila ISS 013 0.18 188.178.084 till 341 .13:,
N York S4B.H7fi.H7el 713.1SI.Vill 102 Hill :,
Hostnn . 77.2HI l.-i 80,47.1,01)1
llaltlmore 111 IM Ml I2.K0.1 3ln
Chicago UD 882 031 S8 001 010 .
Ohio River Overflows Ranks
Cincinnati. April 21. -(My A. IM
With tlie Ohio rivrr rising nearly u
foot an hour the local forccanter pre
dieted that n stage of between fortv
five nnd fifty feet would be reached by
thin mornluE. Thin will reprenent n
lise df between sixteen and twenty-one
feet In twenty-four hours, a record
8!tlom tQuijJrd uijhp CiucibnaH c)e.
trlct. Swollen tributaries due t" hevy
rains throughout thf watershed were?
West & Co. I
1417 CHESTNUT STREET
- Members r:
- New lork Mlock Kxrlianx
I'lillailelliiila htock HxcIihik
- We Always Have on Hand a List of High Grade Donds
I Correspondence Invited i :
71 iiiiilllllllllllllllllllllllllllllllllllHIIII llllllllllllllllllllllllliilllliniMIIIri
Delayed Shipments:
You need goods badly which , are en route, but have
not readied you on account of railroad congestion.
It is our buiineit to locate cars and have them
delivered promptly.
WE GET ACTION Charges Reasonable
, Telephone now Spruce 6410 for further details.
BARKER & DOUGJHERT Y
yf iJu 1723 5ANSOM STREET
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