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till
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ay.. r
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To Yield V I
Equipment Certificates
Issued under the "IMiila. Plan"
New 1 ork Central Railroad Co.
Virginia Railway Company
Canadian Pacific Unilway Co.
Vunoua Maturities
The National Giy
Company
Cnrrespoi nt Oflli ts In .n i .lies
Philadelphia 1421 Chestnut St.
Atlantic City Ch.xllontc Block
1225 Boardwalk
TWEBCS GOUAPSE CLOSING
AN EYE-OPENER
mm
NEW YORK STOCK EXCHANGE TRANSACTIONS
Market to Certain Extent Ren
' tiered Vulnerable by Numer
ous Events
STILL GROGGY
Vigorous Rally at Opening, but
Prices Sagged When Short
Covering Slackened
Ynrli. April 2! Tin- Kiciitiifi
weekly titinncuil review today
IKUMUHiMWWl
"
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
MIS UtlAI. I.STVTI Till ST III.Dd.
Intr-tleiitr. unci mljust partnership in (I
corporation act mini Imi iirrii.ife I . s
Income Tn Rclurn.
riNwriAt.
! Nrvv
; Sun's
I sjiys
The break In cciirltir prices this
week took Willi street unaware. It
would be presuming a Rood deal to ven
ture nn explanation of tlie movement
without retracing the Krniinil of sov-
' erul weeks past, incr lliere appeared to
hc nothing iu the way of eurrent news
develiipinetitx to account foi the xnddcu
niislnticlit.
v.-. a premi-e. perlinp. it mlj:lit bo
uirgeotid tluit the stink market has
:isinned national proportions in a eiist
that fl diil imt have before the I'nltrd
suites (ioverninetit boenn to Nsue ilo-mi-iic
hums for the pioxi'iMition of tho
Am"! irati pline of the war. The vale
of l.ibertj Konds erented new Investors
Mill potenttnl -peculators in tn. ks who
weie not i-onfiueil to the communities
eniitii!iiou to the largo eenters of popu
lation, as wti formerly the eae to a
arent extent.
Therefoie it i a niliMiim if the New
Votk IiIpii of funeied loeal eonttol of
. the market'- destinies should not be
,eril"l
The need for condemns credit
I1IK OKM'.ll l. (!s M ri.KCTItlC CO
i Flvtl tier rent lliti irlr .ernreil mill notes
. tl'tlcil ntrnilMr I. IUIO. lis cxli-niitn .-o- ,,iy, .. has beenme an argument ol tire
. .rtntar I. inw l T hit r,.,t. in ,.,..,.,.,. N force with the
in?0,." nV'li!? Sum .'UpenrS1..'.! ""!, -,'" '" --n imimlwl tlii-nii.,
November 1 1010. betw-. n The (lencr'il 11 i more ov 1mh eontemptuous familiarity,
nnil Klei trie n. nnM l'lilLiililplilii Trut ('. This ha made it easier for those in-
Jnen'" H':,1 s?:. ",'"-","' ,,:.r,s,'";l.,",.r:f.i revests who .eel; to inlluenee the eourse
The Clonci il 1 1 n nnl Klwtrl h of nvii'i'
erp(sl n pmllisi; an.l "Won f inni.ii,ite pre tit to bring about sit
wrfiiiunff nn rne nrst arty or .-wav i.w n .,.. ., .. i.i.:.. i ,,.l... ...k: ,i. t .
. entire i.m..ini .miiitnn.iini of k rt-e eei en nations within the market wnii'li fre-
N'rw York. April 21 Today'o clos- i
ing stock mnrket proved to be still In ti
groggj conditioti as result of the Mag- i
gering blow it sustained this week in ,
terrllle smashing of values and semi-
eollapie of the highly inllatrd specula
tive isues The trading during the
brief session was of a distinct profes
Minimi tjpe, and to a large degree car
tied mi other significance than the
familiar week-end evening tip oT the
room -trading contingent. There wns n
liastv and liberal covering of short con
tracts tit the outset, partly in response
to the leported settlement of the Stilts
sitnnttoti. This bronchi eiiins extendinz
fiom 2 to 1.1 points. The market, ns a I
whole, lacked sustaining power and
nio-t of these advances were ipiickly
i anceled when moderate pressure was,
resumed against the more prominent
speculative issues. Trading became
I dull and tiariow on the declines and !
' during tbe balance of the seislou in-
I terest virtual! centered iu the so-
called pool issues. There wis little in
I the overnight developments or morning
I news to produce nn.v great change in
market sentiment. The closing of the
I Slutz controversy was received with !
1 satisfaction iu that it irons out an ugly j
, situation which contained many un- '
; pleasant possibilities. The Mexican
situation, which has been forced into
, Wall sti-ct coiisjdciatiou bv the weak
' in ss in th" Mexican Petroleum audi
1'iui-American Petroleum, exerted au
i increased mlliioueo on miiil.et opera
from dav to d.i.v for purposes ','."" !'."" "UT , ', ""'J'"1 '," '
,,!. ... i. ..:.. i, .i, t'lsi iissiiin. chicllv because of the fact
that the state of Sonora is full of
in nit Ntnn, n? or Ls n' p )Pt c n n.i",'- ..i,M. ,,, ,i..,, ,i,-. . . .. .i.i .i... i
two-year se, ureJ sold notra as . xtendf.t luneiitlv i-olil h I w it ri t rue eeoniun c con - -v""!"." rcsiion s win. nitv or rcp-
no nns .1. ihwiu.i wi:h th - irust". tli" run is , ,iiinn4
reeen.r to ri-l-en ind t.nv s .1.1 nit."i it I "". . " '
1O0H per CMnt of the print. pal hpijui
thereof ,in-l .!. rued Int. "t to May 1 ltf-0
Pursuant to tlio terma ot ealil trum nur e
r.ient anil the xl"nfl m thereof, all Inter"-'
(iron aal'l notei -hull cease after M ly t.
ic0 nnil the roupona attached lufto f o
Interest nft-r tint d.iic shall thereupon ,
.en,, a .,.,11 n . . . -i.i
A ,'"! , "in , . . . i i . i
yne nunareu nnil one-half per cent or the i.n. i"" imu.h mi. i.,-,n iiuivni u
resent large mining nrnnertics there.
i ...... .. , ..
There would seem to have been such. "nl '', -"'' anotner mtv ing move
a situation .n.ited in the recent period) J!1.",", -tarted carrjiug 1 mted Mate
in which mm h was heard about a spring i " ,',' '"' '".,'
bull market Since the decline of ,' 'V "'r., correi-tiye niensiires m
prices cul'iiiniitiiig ill the earlv part of
1-ehruarv in th" lowest levels of tin
Trinclnil nf K.ii.l n.tfa 1n&frtr vOh S
Interest duo thereon uu to May 1. 11120. w'lt
h palrl to the permina "iitltled to ri-riv
tno sane upon prenent ulon on or nfr-
Miiy 1. Itlin. at th. oTIc-o "f rhllmte'pni i
'Trust o Trustee t.ltrt F!u Utns. North-
eist corner Urouil anil Che-tn;u el . Phhu
Iclphl3. Pi
.riiiiADr.i.i'itt v ntr t r
s Il
J C WALl.Ai'L
Dite.l prll 10 ipso
IU"t
ir. asurtr
MOMtlli: l)l, MtMN VII-V
vok.sl bv the l'ederal Hcst'rvi- board ti
curtail or restrict speculative ci edits1
gave the tock market tills week the
. . . . . miiki i iiiiiiiii kii I f ill ( ir ir imiii iiijiiiit ml
t .... (il i.lli.v.i..b it it.ita iti..iiT.(lIt .... ii i(ii I i x I - ,
I ' I'l'l iillli'i kii ii lip rillblliu 11 1. .... tl a' t
;:::;;,::; r,:::.,i,T M,;! -p;-'n,v:Ue;;ed,'Ci,,;),;io!: tr.;,
f -7 " "; h S'th; f ;i ' "'- .Svt-'!::
note .,,,1, movements .-arefully alone , ,,., , , .,,,. ,Mlk f 't,nsi.
see.,-d to be aware of the seope of the, actions ive ad.litional contraction
ailvatne , (,,,,.. u;l. , r,,sr,.s, Thee do-
T 1 II ill,, 1 1 l'l.t ttl til It IlOl-l.l.!. .. .
I un- in. hiiiiv' - " i '-1111111 tnrrii Inillt i-ntii iltimiw -it .,r. imiii
. , 'MixiHMi . 1'tli 111111 I inir t1 t . . i I ll . i "" "' s m t 'ini n iwu-s. urn- Ul i "III
:nitsT MnrtTi.Ain: o ri.r. n:TTwnn. 'V'",'t ' ."'''- "m'rable to events panied bv evidence of world-wide strin
iu!vn.Mnr r ?;?m " ,'"1 " ' wl'" h . ""c ',' '? t'"3C ' ,Vt ",11 x .nr,Tu" ' I gem v .u the -an," . htiraeter. an .. !io
The ,. i, r "",." ,,;'.;, .,f,,. f ,ho "". "' -mi'ltasiziiig the strained credit ,.,. from .lupan. where .t ilation
tionda for mrrn.i i for r.-rt , t.. i ,ln .r position i iohl hiuiieiii. from I, rent during nnil fcdlovving the war culm.
eeiore vut-let l I'l.'ii it , prl. m net x
reedlnu lnj k p,.r , ,., t ,,f par plu nnrii"t
Interjf to Tborh l.1nl 1.1 nn'i inii.ib'.
lit Slnk.nj fund and .use mn addition'
mm thai mav l- p.ild in it ter s.iid
ftlnMnc fun.l prior to t l.c inrf on the luat dT
of April I'l.'O
Sealnt iwiidt-rM statintr tiuml"r of hond
offered addressed tn Ph .ntelphi.t Trus
Pompanv l.ihertv Itinidinv V K corner
Ilroad and Lh.etnui n Tho, i(,.p,) ,
Trustee sinking fii-d XI , i iU vimint
Compani I .r-r .Vl.irtunv 'I f r nt Pond
-Will b reielid until ,1 i. m.. April '10. I'lJU.
PHll,AT)EI.l'm V TRl'ST i'OMPAVY
Ii ill .V I- VVAI.l.MK
Tren-iurrr
. Phtlal-li inn Vi r I t I 1'ijn
rnilios.ils
y
A Pnil.lt sllllllll. lit II. DIM. T IIIICIIN
llll. I.. XIIIN'n.OMI'.K-i (IHXTK P.
Seale.1 nrnnnuii. will H rmaul 1,1 ihn
Office .of M.immII strHvibrldKP (nllrtor t ir motie.v in blocked shipllieuts and other
:"". iiiu-nnr-o .-s lie. ii L- fire I .su , ., , , ,. svmnt.oil ill trm n n.i.l Irmi..
tiut tauou.
t'oi.deiiiiititinu
It'irnm have railed to oflsei .,r even . Ul,t.s in tuinti. ml disaster. Knormous
e.pial the outgo to South Amen. a. The i .,p,,,t, , ,il.tv Iloiuls at declines
Itank of Knglnnd raie. its discount 'of 1 t.. I per .cut aUo served to un
rate from l! lo 7 ii-r cent kettle Hi. maVket. (Ifferings of th-so
The bjll in t'ongress. authori-'iug j issues evidently en from all parts f
r'e.lertil Heerve banks to graduate their i the count rv . but round amounts w
rediscount rates iu the various districts j sold hv . orporatiops as th" onlv imtne
ii.eordiui: to banking needs and out- di.it' means (.f new linancing. Tln'te
standing ohligatiotis. beenme hiw anilivva- a let nn tn gold imports aNo to i
the Kansas l'itv ilitncl imniedintelv ports of thai metal, although furtliei
availed lis. If of the privilege Tliiiiiigh ' slnpmi its ,.i South Aim riea are nuclei
this period monev tightened, the mil going. Mu.h ( the vMek's setback in
renewal rate here advancing to Ml per , foreign ex. liangi . n i.illv the London
cent and the loaning int.- to as hiuh rate, was due to offerings of ti-rliri:
as 1." per cent
TI . re followed the 'outlaw" rjilion.l
strike, sinistei iu aspect and fruitful of
long-ilrawn . oUsispiem es. freeins
?3taln St NirrWtnvin Pa le U n c'nrk n,n
:in the intll il.iv or Vim lllill. for the en i.
uructlon if ii n w inniMinlui.il ct.onl bull 1
inir 1 I. t mi 1.111 W h.li. ii4 sh tn.iidlii.
!. -s ilontiroTn"ri ouniv Vn
" l Plana and ers. ifli nU"nj mn b ubt.iln I
t J from '1 Cdwtn llrnminiurfh urrhlieet 1TII
, lUcal Ketat- Trust Mlda Phll.idelphln upon
idswoslt or JL'.X ivhii h will he r. funded unnn
.return of sutd plant and epe.itlr.nl, in. T i
nnhltet mil rurnleh fo-ms for bl.Mlnc
Which must bo ued nthrwisi bldi will iv
J refected
A rer'if .1 ill'. .r ij'.ln mum i ,,m
' ranv th b. ! Tim . le . n- of :, iineu, ,-s
.ful bld'brs nill n r.turn..l jfttr the uvurd
.lnc of the contraft
h XPPr.n i'
t
bilN here tm .lapaiiese interests.
LITTLE DQl G I
THE LOCAL MARKET
X auretl Uind eilhiert to tl
(DC tne si hnnl dlrei urii r.,r .,0
the contra. tirli' im'1 bo rnuir. ,i ...
t'lid ivithlii t.n Ji iii-r th. i, win Jui ,e
the rontr irt
The i iirlu i. i.neni'l b tb s, ijn.ii iir.
.tors of 111- f..d s. his, diwtrli tn i-.,!.
'ny or l bid- not .. n .1 1 1i muioj.
til lh Int i ,-st ,.r th- ..b.,1 h-t'l.t
JJy ord'-r i t th" bniird
' It list' VU Ynt V ; s,.r. t.n-
ora.KTMi:.M of piiii.ic hokks"
lliirrmi of ( lt I'rupcrtr
PbllHdelph.n Apn, ir lain
s Sealed pmimsii's i I b. riii, .. nn
1510 l'itv Ha.' unit 1 'j o'. 'oilc noon n
lli.o. nrll 3ii. Win. and op-nld 2t tha
tlmo In same room. !jr "'"
I. Attendiin.e nn Mllillilii.il lan,i
, se ts.in .if lll'itl
S. rnrnlshltiE unit I. in Ins s,
V".ir I Mill1, " '""' """""" ,ur the
Z. L.iiIiie or Itepnlrlnc fonerete Pur.,
mrnts. I otiliitts. ( nri,., si,.,.
Post. el.-., villi, l.r.mollililc rii, ,,
for tbe enr IH20.
ol goveiuiuent tiost-
wur extravugiuiee. insist! me on ihc
iii.cssiiv for revising the excess prolits
tux laws and the discussion of a bonus
for service men. entailing inevitably nn
increased taxation burden, aided in
lending tip to an emotional state win. h
nlaimist reports of a flntiucinl panic in
.lap.iii. with all that that might imph
with respect to the possible withdrawn1
of that country's gold nervos from
this count rv and l'ngland, cnue.l to be-
. otl.e e.xtl'eme
I he letlectinn of this state of mind to add to
was seen iu tne .vtommi ami i uesiiay , over ttie we
Trmliiifi H as on a I fry mal
Scalp and Prices If ere
Drooping:
Tl.ele Mils , li doui" in l,e Im'll
maikt't tn.hiv the sii all volume of deal
mgs r.'flis ting a g neral hiilipositinn
on the part of the l.irger ttuders either
iiiiike ip'vv coinmittnents
,.l 'Pl.:. .11. i, ...:....
..-.'i ,i, ,,.. ii. i i n - ul- r ill in
inaikt'ts. xv Inch were highlv unsettled, to trade was pns.iblv aiccntuatcd by
! culininiitmg in thevinlcnt slump in the th" continiied feveri-h . oiidition of lli'e
i last hour of Wednesilnj 's s.sshin. New York maiket and the glowing be- .
i Neither tlie harping on the subject of . lief that the litpiidating movement,
a iiriu: rise nor jei ine uigi'iu u.pii- while temporatilv ili'ieste.l, must pro
iced further befot the market can bo
brought bai k to a healih.v condition
Kxcopt in ,i f. vv widelj scattered
spp( ialtie- price thatig"s were slight.,
meaningless aiol . niilmed to small
fractional limit-1 One of the outstand
ing development- was the further sharp
font' artni-s
with th- v. t
XVorkm-oi ''
Tiroof mu-t 1-
tn ssiii L(
'i I .
i r iu
u i n
f it ii-'
t i t'i
re.tulti-.l tn
"' ttlT r. I,
t.'ifl Ins'!.-!!, e,
1 ! fl t ,rtn
n
otnp
l tn
o-id
pi d t
".......I .. ... I . . ... ----,-. !
rrilVlllllll I" .Irt I ., Mill IT, s jr.I M. ,.L .
i.u .V.. .. n, .1. r r s. . i r. .1 ... ..tu I"
, ...v.-.." ,- minion mere-
from
for infomiai.n ,it I fit rar.icuiars In.
oulra at Kjoiii 113 i'iv Ha'l "suiars in
J.'IIV i- WIV1TOV
Director
'm:i.i:ii Pitniiisi.s ion tiip roviT..
slon "f en'-' IK ' " is' In.1 il nn !.
tuainlenan aid r. n,.r st, ,( bulldlnc n? '
Itaritan v nai t in i , v -""'" at
I Kraled pn po-n's .,, be i i, ir, , ,. I
const ru. lire niiait rm ist.-r R irltan j, I
nal. at his IT . i. me r.ri mo'nr . ,.,,,
South Aniiov J , -in j p n7 vi .
1, 1IIS0. an I Hem ..p. n.. f,- th. work I
Hated ,tbi i P nn.) -t.. e. ui, r, ,
nlshd on apt Ii itt'i- Vb r iht to rel-t
niy or nil 1 d d rev.n.d J"
dati.m were to the liking of the bank
Ulg power- I he one uimle till! pros-
put of higher loaning rates possible,
to the d'trini. nt of legitimate commer
. ml bun owing, while the other added
to the difficulties of advancing new
In in. eg pm i. ts
The slmkedi.wn. while regarded as
'v hiilesome fnun a techniiiil point ot
iu wtis depiis-nteii because of its
vni'ilice. (oiitiued .1 bit explosively 118
it was within the space uf three days,
v 'ion th" ensitivetii'ss of the times
ca Med for n spread of the movement
ovel a period of three weeks
'I In he-! opinion I. niied to the view
that Willi street bail become .lulled to
I e iiiiises l-.i l i ii p: to an lnevitaiile
break ntiil in conscpience experienced
most or the sensations of n sleeper
rudely awakeiKti. On Thursday, ufter
nn earlv decline, the list steadied with
the prl. e Wvel still materially above
I that of rebrunrv
Pales
s'00
noo
ion
7(10
too
ton
l too
too
too
000
300
400
1 01)0
SOI
0J0
fioo
too,
4.709
SOt)
n.Too
.too
700
7100
.'00
lien
400
100
1000
ri.?oo
.inon
too
i. too
too
70(1
looo
Oil
"!00
too
00
400
.7100
0J0
noo
400
?0d0
sr.on
700
noo
too
too
.00
IIJ'l
n.w
ooo
too
700
looo
oo
tow
.".00
too
anon
:oo
loo
400
ir.w
400
400
1 1 110
.It'll
M0
J'l.l
;jii
ol)0
!03
47011
.on
5W
itco
li'lO.I
:j.i
i'jj
s00
noo
lilOO
snoo
10)
SJl
4 10
:0a
:oo
jjii
too
Oil 'J
430
IbU
710
100
J'jo
Jill
:'c i
tuoi
1I.1
ICO
nn
.'3tl
Sl'J
1 0.1
1 1 a i
;"
MJ
I'.-mi
:oii
IC'I
o:o
MO'I
IIM)
nil II
.ou
Ii o
nu
..ul?
i
Dlv.
In S Hlfth
. . Adv.-inoo Itumcly .... 3S
.. Alaska Juneau Q M.. V,
.. Alaska Gold Mines... 1&
. v Allls-Clialmers fSTi
5 Am Hank Notn ... .44
3 Am Hank N'oto pf. . 44
fl Am Occt sugar 1)0(4
10 Am I3oac.li Magneto. . .11?
IS Am Br Shoo & Pdy pf .0 I
.. Am Can iVt
7 Am Can pf 01 M
U Am Cnr A Fily 130
HO Am Drue Syn 14
0 Am Express 130
. Am Illdo & Leather.. 21)4
7 Am -HTde, & I,eath pf.Uftt4
o Am Ice pf f.O
Am Intcrnat Corp.... bIH
3 Am Linseed . S3 94
6 Am Locomotive 07
.. Am Safety Ilazor 14(4
.. Am Ship &. Com SO'-i
4 Am Smelt & net .... CI'j
7 Am Smelt A net pf.. 04?,
3 Am Steel Foundries. . . 42
7 Am Sugar net 131
10 Am Sumatra, Tob .... flBH
8 Am Tel & Tel OSi
n Am Tob sec temp ctfa 58
7 Am Woolen lMVi
.. Am Zinc Lead & Sin. 17
Am Writing Paper pf 41 Ji
4 Anaconda Copper . . . 57
. AFsets Realization ... 4'$
4 Arso Dry Goods ... 40
10 Atl Oulf & W I H S !.".
tl Atch Top As Santa Fes. 7B'4
5 Atch Top & S Ko pf . 7 '4
.. Atlanta ttlrm & Alt.. S',
7 Atlantic Coast Lino. . . R7'4
.s U.irrclt 137 VS
S.so Baldwin Locomotive. .11." V
.. Baltimore & Ohio ... 31 J4
n Bethlehem Steel M!
7 Bethlehem Steel 7 "I- 101 V
.. Bethlehem Motors.... 75
R Bethlehem Steel B... SO?,
.. nittyn Kapld Transit. 131-.
. . Bklyn B T ctfs of dep OVo
. . Booth Fisheries to
10 Burns Bros U7'2
. Btittcrlck 10 Vi
Hutte Copjier & Zinc, n1,
Butte & Superior Cop. "iiVt
. Caddo central O & K lS'i
0 California Packing . . . "S
.. California Petroleum. S3
10 Canadian Paclflo ...1I7U
7 Case J I Thres M pf . 05 (
r Central Leather 7R?
1 Cerro do Pasco Cop . 47 Vi
Certaln-teed Prod . . 50 U
10 Chandler Motors 151
4 Chesapeake & Ohio... 51'fe
rhlcngo & Alton pf l.'5
; Chicago & Gt West pf.
. Chi Mil & St Paul . . .'3"i
. Chi Mil & St Paulpf.. .'.OVa
K Chi Pneumatic Tool.. S7;
. Chi B I & Pac am
r, Chi It I & I 67o pf.. lilfi
7 Chi XX I & Pac 7 pf. 71
. . Chile Copper . . . Ill's
1.50 Chino Copper .. . . rn'.
3 Colorado Ful & Iron Mi
n Columb Gnu & nice. . . 1.0
1 Col Grnphophone .... 4tJ
4 i "..nib-Tab Hc-cord .. 5078
7 Consolidated Gas .. . R5
2 Con Interstate Cal M 15'?
3 Consolldattd Textiles. 41
: Continental Can . . .01
1 Continental Candy ... 1"'.
4 Corn Products Iter... 00 U
i 'osden Co ... 41
12 Cruclblo Steel Ill
.. Cuba Cano Sugar ... n'(,
7 Cuba Cano Sugar pf.. M's
n. nver & Bio G p. . 11 'i
l Dome Minos 10U
i:ik Horn Coal .... V!2
5 Kndlcott-Jolinson . . tr.fi
Krio f.,as
Krio 1st pf Bi
.s Famous Pl.iyers-L. . . . 57
3 Federal Mln & ism pi 35 '6
10 Fisher Body l'i'','i
s Flsk Rubber rnj.
Freeport Texas .... C3H
. . Gaston Wms & Wig- 13 Vi
o General Cigar I5ii
s Ccneral Electrlo . . .liO'S
General Klrctrlo rts.. 3!4
10 General Motors '.0ft
I iienii.il .Motors ctfs . 20 Tf
o General Motors pf . so
0 General Minora ueti . 7I:V
7 Gen Motors deb 7 . b3'2
e Goodrich B P t.VA
Uraiiby Consol M &. M 40
' Great Northern pf. .. . 74'
4 Grrat North Ore ctCa. JO1'!
. Gulf State Steei . ... II
4 Haskell & Barker Car ."
. Hendeo ctfs 3"
HomeHtnko Mining .. to
1 Uupi Motor Car "!
0 Inspiration Con Cop.. 31
Interboro Con Corp... S'lt
Inter Con Corp pf . . . . 1"!
6 Int Agricul Corp pf . . M
c It tl Harvester now . 1'.'0
Int Mer Marino . . . . i"4 U
n Jut Mer Mailno pf... hRV4
-el - i; I i h-ii'3. is.ini,ireil - illi
3i'ii son ii, t. b
NEW YORK BANK STATEMENT
decline nt r.', i.oiut-, iu IJeneral As
jilialt i on in 71:i'. Tills was made
on a v. rx s'n.i!! ti an-ait ion. and iu it
self vvtiiii.l or.litiai'ily have been passed
,,,.,,.,.. ...I 'I'll, ,,l..,n I ,, I llfllL I ! ,1 , .III.,
however, was to be found in the fact , m-nt on the slo. k exchange was re
thai ut the new low price to.lav the th cie.l in toda.v's New York bank stnte
stoi I, was M points under the high monl m n,,. eontraction of STJ.ik's.ODO
topnoti n Iniirniil 1 il hi I it ll . .iiauv in
fie promises inade iluring tin- it.'Mes
Heavy Contraction In Loans and De
posits Excess ReGerve Increased
Tii week's drnstle liipiidating move-
in 1.
i
Ph ihuk'lpli in ft lark fits
n and discounts Deposits also
I l JMlllt-l-S lll't'l' 1UI llri !.- I III' Xrtfl llll liilll
iipbidding of these shares luue failed to showed lfduction of Mis. (HI, re-
............ I, .n In tlm m Him. ,, tl.n llecllll? till' IllMVV gllVcriltlll'Ill Wltll-
iimii'- iiiiir.i . in 1 1 i .! t -w iiiv, -- -.-.-, - til
stotv goes, ceitain l'hilailelphia inter- , ilrnxv.ils. Together with this mnterinl
e.ts" are enjoving a big laugh nt the : rcdu. tion in liabilities the ic.erve in
.,.,- .. tlw.lr soominelv tnnm clever the I'eilerlll Iteserve 1 .11 Ilk increased
New York brethren. Some of th. e du.vs SL'.f. IT, 0(H). vvliiclresultc, in ruivtng
tn. re is going to be a might) inteiel- the excess icsme Nll.Mn.lJI. bringing
mi; little story to tell i oncerniiig the the annul strpliis above 1 gal reipiire-i
A-pliiilt movement uiei.t- up to s.,., ,
1 i., ii.,,. sltnpniri, niiiile n iniipk i.illv I I'1 '. Ills follow:
nt tl pining to 1 i. but promptly fill
ha. k to 1-1. iniiKing a in i loss ot
'.1.71"
a
point
Limited sab's of American Gas
I. Sealed
tiarrark
l leera'
WIH'.Ar P ' ''-. I '"II -M bushels T'
, irk t -uie.i ilrm it sniernin.rt prices
nitv- It. .ii.' I IHrt bush. 1 yui. t .1 i
liin-.l vv I . ' n . J"""l'J'i" i 1 i .l. ,. S iil.oie tester.
it V ir. i .iter lor r. . . " ." , ,
.!..'. .'.....I nnotiit mil l.nlfi, Simeiiiii
ll, I, s ,1, .,,,.,,, ....... . ..,--.---.
lit. p il -but.
I n.s
nn
t
'. i i
ii tn
I. ii
1 1 1 . rn '
n if i tim
an V '
n uT inn
''ot cd of
'iial J,
..VIS
ilit'e
1 -I X
Healed pf p
woiislnj' ten:
I, Nepal .' h ft
South Vt i '
la-m. in i '
atst-d hI i
l Ished in in
unv or nil b' Is
' I be r". ned hy tbe
r.-imi.t.r n,r.any "'
i '" r in m tor stoma.
.. " ,'' ."' ' P nrl :t..
' I r in. ifr.rl, n.
"re. . xtiona fu--
rlsht to reject
II t
It... t
1 1 .
II J I
.i 4
It
fl
I'.
. 1
"pfttirilsXLs M ) itl
Proposals f. i
menti. a ."r in
jJN'ltrute PI int in
COllSlBlltlK "I ' li I
tret. I res I e ,ii 1
istiitlina itk i b s
-nients ii 1 i. .
j'stru. tins' n i n t . m
i T.O .. i usi n -ii
',. XVcdili'sil.l.i. Mm
public
' Plans s". ' .
j I Inns li b .1.1. is ,
lltlon lo til ... -ll
1. Muscle Sli i - A i
17'. ii buit Is Firm n
it '. .is t . location s, ,
t . S' i 3 unit" SI .".' .
Ab.t. M J! " I -J
. ii... Hi ii ...rr. is and 1 4. -
- . 1 - I nn but i.UI t I'
r l'. ' 1 o K d tfi 1 4" '
' i n M t a ihl 11, st i
! .In -1 rmjrhl l "ti r i
bud inn t H'.i'dUIlt .Sl'J ;
h .rt i ' nt 113 riicii 1 ,
l ! . ; i 1 ' -.1. do Plit.'r
.'III ''. short l.l nt tl I 'ill 11 I I
sit n t 1 m mi iin'.nt f.tn. j
114 s', . IS In Hi Hour. J'l'
Kxi -A
HI. I
I l
.'ash
and
rr.er e
i it r-.-.il i
VV l.lt.St.'
This
J.'T -.P.
fisR sin
'i lsi sr,-,
in vaults
m emu. I
I ll
-ruifli.n nf ,mpr,n ,.
,i 1 .id I in, i, .. i,
-' I '.. .Sh,.,,, A,.
'"I, r. enfir. e, cp
' r 'i- I .nn nn1ie,r I i
ei it ti. ral in!nr..i .
, ' "' "', ,,f ,.nn
1 v N trut.. pia.,.
N i it '.I J i, ...
Ml 'll , i - '
' '". ' ' li p. n. t
t Ml.
I i
I i
'luart'imiiter
isinc, iisiniiisi ... i' . s i.ieu nrnnoKA
,fxvll be r-imiol h. rr tP(i j0 A M ii,. J
V Nth lO'-'O and tn. n op, t rr fur ,,(,'
V llsollne k.roae.,.. . -, ,. ,,, , ,', u .'';," ','
1 und greases renulr, .! hi n x,,ny rt "
, July. Auuusi and . M. mb. r PI'JU I'urtn.r
InJormail.m mi apple .tlon ""
!' rnoposxi niu nvrivo . rivisu
l.Nfl. vltl. "f th. Qilarti.rin.iM. r ll..nl.i'
rriolliinc at I Kipilpapi IbilMiot, VIiii'ii,,,-
JIlllldltlK "'..sblllKton I (' Me, j rt!
will be re. .ivid here until 1 1 ni) i,
April SO. 1070. at ivhii h lime thv will im
opened foi dielnu' and flnlahln apprmlmate'v
1.52(1000 mrds b'.aebej and cray Jn.
t infiirini't"" m r. nn..i
PI.. it It
11.' p..n.t
., .t ,. .ti-
j II - !. '
II Ml 117'.
II' .'.ii II X'.
'. ri .'.- i
sp '
1 1.1
f .1
I'll
11 ".'I
I'l.i i I"'. iN-1 ,1.1 ! .1 III tbe'
s. t .ni..,!,! ,.nd air 111 .1 Jill. Ii .
1, . I e s .,. i r. ti.ler- sni..i'.i and iurdri-1
f.i. pork t nn i X". b..is K p iu'- I
1 .",1 ' i 'i :l"'-j . do si f t I Iuosh, I121-. i
e iiiii'-il IP. 't 3,"is(i i bun.
'a. i n -boulders S r
: .1 . .n.. I H3. belli., r
I. - 'Jl'v '.t ikl tj-t baron J2
I.-d .'.1'-
PI'TTKJt -I'. ot' II nil .'.ilium foil, i
K l I i ii I. I 1- 'in. r t ii v blab si ni irm
an. m Ts o so . x'r. is 77 xtri firsts T.'l i
7.1 Mr! its ti 7.'.- s. .r.- lloitt.x.' sv t
, . .tllei, .hope In Isn. i 711 tl sl e or. I
4 m in (rood .11117s.. puns ii.iibint,' at s-. i
7 f .- Inn. 1 in. ,ii 73 'l Its. i,r fair to
Bo .1
i:e,s nriii yuotainn rr.e.us. s n. e
I n.. SKI '.'(' P-r rol- iie&rhv inrritil
r. i . 'i- 13 tl." vvestern extra firsts 113 u"
western nrts J12 (.0 south, rn 111 TO s.
I t I fr-sh l?-a mbl int- at .Vitl v;, T r
i K-h I in v s ' I, tlrtii und-r -int,
Itv (.''jiitHtiotii N-w lorn u hub -milk Mil.
I till ' .11 l 'Ui '1' . lis tlluher I'll
.til t ,r' 'n iionl .''.. .in. .-urrent n ,ik..
in tn mil ciiihtilK Mil.s . lap, s niMids
I l K I-..I t.ritv -y
en 1 I n.ll , I il s blb. f
l n I'niir hi. l-eps fain
1 j 1t lbs ,1,1..
Mill in...' I ll' 4 i.
il ii osl' r .'swan.
4 I n -.i 'I Ir.ll.tn
lioiineil back to Ui'ls and t'nited Gas
In pvovemetlt lo -l.i's I'lillliilelplna ll... rv In men
'1 ruction made a new low nt.M, and, L'"r. ' ,."..,, u.'
Ameri.-an rorcs was 'j lower at i.J'j.
'.a SI IVfeli
'.'I.JIIil.l'JO
r,s3 704 ooo
171 ll'.i.'iilO
HI 082 000
Ph iladalph in Stocks
i.v
i:t
Vet
i.S. i till
K'.i. u.
V. ' -r'.l "
31 'i
o. s f ,nri 4:1 k r,.
I. inferior 4U.14J
snft-me ilea, wulirii
.. I1II1I7.X.. rnnsi. i .
I" stauiry ,ini.1s
ilu. ks wtille p. kin
Itiii.ii. r I2 9 4.1i I...
ItlKb
Hi." Am Sirs. II
IJ Am !as. IIS
J." tAin 'ar
r.ly.l.'l.'-k, llC's i:i.-.
100 Cam Iron ::'.i "
Jim 1:1 stor ijin.j ii
I'll lien Asp i I - ll'l
JIMI I C N A -'!
1," do ret- f p -"'s
I'.ln Lake Sjp 1HTs
r, I. eh Val. l'-,:s
III Mlliellill 11
1(11 I'll It It -Id's
l7o Phil Klei' '.Mo,
.-,.'! 1' It T .. 'J-!7
js I'lnl Trnc .".IVj
lull Ton 11(1 '-'
11.-. I li I. .. l.'l'i
'.-. tI S St I. 1)7
t - inife mule b n.iniuiris.iii with laat
am. on .s-w Vork sun., I'.x. banc.
Intnl kh.s L'-l I share, i.iinlar.-d wllh
7-iss sb.ir.s ..st.r.l. Thus far tbls melt.
47.1'.' shares ,s.i. ll d .as' V, ,-. K J.
"sa sloires
Sal a in IIIINDs
; it's. ' v In Male
i bar - and irust
, ('nil i .nt' s
Keseri . In stai.'
banss and trust
, niiriii.ny depoii-
' tnnes
Vet .! mand lb
posits . .
Tim' detsWIUI
I r-ircultlon
('ni'.il Stat. -
I ilepns fl 'I"
i duu'.d
L'O
-'Six,
lli'n
11
III'..
1A
r.i
diii,
H7
1LM 1
71',-tt',
''!!
'-'Ss-
K'.'l, '
l-'- ',
II .
Klvs -r- iH
-M'V-i- '
.11 'a .
lii's -!i7
-r
.xii,, ni hiiv:i.-i ii... ns n id per pac
fill f no. dn 1 our 8 a"'
iiiu:ssrn kii T riiY-Ki.wts fr.b kin-.t
IioXms vieivnuiu- I ltl
II. I
!!' .
Ml',
Vet
.hue.
Jill"
.V.i'i
111'.'...
r.ii-1,
Xiininil Klrelloni
urrii'i'! op
; jms wii.i.i t en wip mivn mm. AJIa
KNiiim: lit UMNO cnvipwv
uiriiiniitiii nun xorris irei
rillJadelpllla. April 14. 1020
I're p el,ed it
over ipl - '
li w. n I IX
kill -d ii.
I I i.i. r
I .u i
cri pli a.
1 .1 (v welatiirii: .Is. Us lull
:i 11.- ,'lilflfls, fi.wis fresh.
Vr (in lie H n iv.tiMini
.. . I.li ii lahniK .'ls
dri lie k d ivilBhinii
I.I, ll luhlllK M4 lbs 30
' IPs 3a'ii37i old roosters
Thi Annual JiMimn J tin htoikioiitri ot'Too Price for Wheat at Buenos Aires
1 XVllllam trninii . Hona Hhlp and Knulne I .. , ., . . . ,
ulldlnir Co. will t held at tlui oOlca of th llm-iiiis xlrrs. April 23 The price of
1h
loineany. Illchpiond and N..rri streets. In
T. -.,... lll.lln...lKl.ll. fl. .... .1 .. . I
n rite Ul iiiiiivii.,..h. vri. kihiiuhj, illllll
I tHm r
ll it, 1070, at 12 o ciock noon, for tna purposi
. r -( incline iiiriciors to serve lor intt tn-
J I 'Kill
s Haiiiwiu i.
1st ."
0 I'.ht iX, I'"0
Tr Is .
'10 Lib Bonds
:i,i .p,s fm :io do.:io no. 'to .no
ts ni. i',s s.vi.0 s."i.:to K.-,.wi .no
ji . i. rv c.s no ."o iHt.oo nn r.o.:to
2 :sv ihi.is im.4R im..is-r..c8
1 I'eo Pass
t c -Is. .. 115 !' tl." 1
Total IIOO.OOO. oompared with 1(13.(100
jnsturdai- Thus far this vieek 1770,850.
Hamu period last weak. 1043 flM
F.yi . -. rtfer e
Ascr .. it. rsiurv
Isiai, etc
I'lish .ii vaults ilel
meiniior Kinh-Itnurv.-
In mem
ber banks at I
ros. rv- liiviilsH
Jtesn i in Htal
bank- and inst
coipp iiib a
Kesenn In at i
ImiiKs and trust
cniiii'Miy du-jM-
torlvs . .
.Vet demand d-
rs.sits "
Time .liH)lt
Circulation
L'iiH"d Hint. i
iwalls oeuia i
.'.Ii 7'i: Ooo .-.,0 424 000
1 .' i02 000
11 41S OOO
I ls7 sjo. nrui tu flS4 010
...I ius.ipjo
SS 5I2 000
73 .130,000
I l St Hlek
.',vis4.r.iio
Tiss r7i.(ii)ii
111 o-.s null ,X 213.7.S1 li'lO
iX (ni'1 ism ltd 41J 000
.'..l. .-'' 'em ..VI 0S2 000
j-1 ins imo
,I'i ss3 'Mill
III ll W
XI 1 t Al.
Tl - , S
I f, XM 7in
".sil il7u OISI
1
1 2 002 O00
I. us. (sjn 11,287.000
I H7 .,'.-' I .'lH.28.r 000
.'".. i-" "no j.'.o.ar.i.ow
I", ill.- mn; 35.720.000
It- I If. oi i 121.003 OiS)
DIVIDENDS DECLARED
NEW YORK COFFEE MARKET
New Ynih. April ''l Liberal nr
rivnle at Hlo bronghi about an eahier
imdeitoiu! iu toffe.- fiitures this morn
ing, hrst iiri'.-s h.-iug '' to ." points
lu vie i-.
Aisording to iitiu ml . ableb the re
ceipts at Ulu were LtllOO liags, indi
cating that there may be Mime founda
tion f"r recent reports that much coffee
Iiuh been held hack in the interior
Vz
3
iiln.it todiiv ii ailied the iinnroi edented
..-. - ia ....u. 1 Illi l.tlrta 11.1,1.1,
ii.im iiiiiiii oi ,, ,i,B,.s ..... nie.a ,. iit.i.i ..
i . .. , . . ., i ...i.e. nn rrt dlvlaend or l"s ti.r ..,,i
.a ..o.i.l, r. I III IICMOS e-OMI II IlllHIll'l ' ' '" ' " -" ' " ." .... Z '.'.J '1". ..
? .r -Jr lMtiimr uiriciors 10 serve lor inn in.. '" -!' .:- .-. ".-, --. .-. . ,., ui,. XTav "ll lo Hinra oi rerprii jijy 14. , aiuw
j" &, CsOriUICJuip yar. bd transactlni; such other buil Moie It" turn uuu nusne's or wneni ",,-", s, halfner A Man iiuan-rl, j , Jam
tdfii .Uii M vy " "i.vyii. io.vi 'Or. ISTHM."' I werp cn"t"i 10 "" iai . ""'" I rent .n . minion payai'.e ir oi .0 iiocklu'
m lit CUAAIjlSS r. TATlOIL I l.-. ,l.l.,,e .l ...iiifla I . ...a .., .in f lull
N JU . tUM ,w "" ' ii, 4lIl-v-a -v.
Hept. iiiisir
nctnb. r .
November.
Dotetlllsir
Janu .rv .
I'e bru 1 ' y
Mari 1.
API
Open
14 51
IIIKb
11 5s
1,01V
11.51
14 50 14 50 lfi 50
14.13 14 45 14 .IS
k!
Autuit
14 so
at ...
4 H.'i
14 HI
r-i so
11 53
14 53
14 52
14.50
11 40
14 40
14 IS
1 I 3.1
14 III
I I 112
14 H.I
14. till
'Yes.
OlOMfl
I I 3D
14 .13
14.33
It 53
II 32
14 .11
I I .10
14 35
II 15
14 un
11 Hb
11.73
1
Vi
V
lion
fa") sharis jestirjjj
Dlv. Today' ltt
In I High Low Cloaa Chll.
8 B0 Int Motottruok 1st pt. 80. 80 ,80 ..
.. International Nickel.. 10?, 20 U Z0H- li
.. International Paper.. 75 VI 7.114 75 -f ',
.. Iron Products Corp... 3Ji 47i 43
2 Jones Bros Tea 22i 221-4 22 H IH
KftHBas City South.. I3)i 13 In 14-
4 ICansas City So pf... 44 44 44
4 Kelly-Spg Tire 110M US 110H tYz
t Kennecott Copper.... 2Hbj 28 Ji 28 H- H
1X0 Keystonoiro T & R .. 3,7 H n.7 3.1 H !i
o Lackawanna Steel ... MO R24 hZi
.. Laclede Gas ot St It. 40 38 40
3 SO LehlRh Valley 43 42 42 4-
3 Loewe Co 32(4 31 31 '4
.. Ixift Corp I7?s 17H n
13 Lorillard V Tob . ...H5H 14Ji4 ll&yt .,
.. Leorllard V Tab rts.. 7i 7H 7H
7 Loulsvlllo & Nashvlllol02!4 100U 103H4- 3!4
10 Manati Sugar 131 130 131 4
17S Manhattan Shirt . ... 20 30 30
.. Maxwell Motor 29J., 37 38H t
10 Mexican Petroleum... 171 10014 108VS Vi
7 May Dent Stores ....129 I20?i ' 120 - 3
I Miami Copper 224 22H 33ji
1.60 Mlddlo States Corp.. 34 33i 34
4 Mldvale Steel & Ordt. 40 4K, 4.14-,.
. . Missouri Knn ft Tcxaa tVi 7H 7H
.. Mo Kan & Tex pt.... 12 12 12
.. Missouri Paclfla 2A 24 24",
.. Missouri Paclflo pf... 40 ?0ft 35 Ji
4 Mulllns Body 41 4014 40 Vi-
3 SO National Acmo 30 3KH 352
.. Nat Anallne & Chem. C3H -3 n3J'i
.. Nat Conduit & Cable. 10 li 10 H 10)4
s National Lead SOKi 60 HOb,-
. . Nat It 11 of Mex 2d pt 4H 4H 4-
1 Nevada Con Copper . . 14 Y 14 14 -
5 Now York Central... 08 U8H (19
.. New York N H & H.. 20t, 28J5 284,
7 Norfolk & Western... 01 si ni
7 Northern Paclfhi 7554 75 74J4 r
6 Nova Scotia S & C... 38 58 58
4 Ohio Cities Oatl .... 40 39 30
2 SO Ohio Fuel Supply .... .H 52 52V4-
.40 Oklrv Prod ft Itef.... i y2 4J.
8 Otis Elevator 138 138 138
. Otis Steel 29 28H 78VS
3 Owens Bottling- Mnch, 33 58 58
5 Paclflo Gas & Eleo... 4ft& 48 48 -.
Pao Tel & Tel 40 40 40
o Pan-Amer Petrol .... Dili 01 91H
0 Pnn-Atncr B ........ 90(4 87 89
.. Penn Seaboard Steel.. 28 28 28
3 Pennsylvania P. It. ... 40?4 4014 40,
' .. Peoples Gas Chicago. . 35 35 .'15
.. Fero Marquette 251. 24 H 25
3 Philadelphia Co 30 30 30 -
.. Plerce-Arrow Motor . . 03 02 H 0394 4
5 Plcrce-Arrovv Mot pf. OS 98 8
.. Plerco Oil 10 1CH 10
3 Pittsburch C of P... C8& 58 .'.814
.. Pittsburgh & ffVa.,, 20 li 20 Vi XOVi
1 Pond Creek Coal 18 17 V I
Pressed Steel Car....l0lV5 100H 100?4
fi Punta Alegro Sugar.. 108 105 Vi 100-
H Pullman HOW HOVi 110
l Itay Cons Copper.... 18H ! 18V,
8 Hallway Steel Spring. 95 V mV 05
4 Heading 79H 78 78& 4
.. Remlnirton Typowrlter 70 70 70 -
. Iteplo Steel 81 Vi 77 78-
Republic Iron & Steel. 98 oo oo -
C 20 Royal Dutch , 1136 112o 113'A
' .. Saxon Motor 15 141, 15 4-
' ..St Louis San Fran... 21 Vi 20 21 4-
.. Seaboard Air Lino... 7?n 7 9 7
' .. Seaboard Air Lino pf. 14, 14?4 14?,
' .74 Shell Transport 82?, 81 b2
i .. Sinclair OH 3194 13 34 -
I 0 SIobb Sheft 08 8 CS t-
i e Southern Pacific 14 I3 04 4-
i . Southern Ball 31 '.o, 21
SO Standard Oil of N J.. 735 720 728 4-
i 7 Stan Oil of N J pf... 100ft, 1011 100 -
I 8 Htownrt Warner Sp. . 43 42, 43 4-
Stromborg Corb 83 81 81 4-
7 Studcbaker 113 109 110 4-
i .. Tenn Cop & Chem... 11 10H '0
I 2 50 Texas Co 45 44 45
i . . Texas & Paclflo . . . ' 35 31 34 4
i 6 Tobacco Products . . . 05 04 til 4-
i .. Transcontinental Oil.. 18 18 18 4-
i B Transuo &WmB-Steel. 57 57 57
i 8 Union Bag & Paper.. 115 115 115
I .. Union Oil 30 30 30 4-
l 10 Union Pacific 117 UGH 110)4
i 4 Union Pacific pf 13 02, C3
I 12 United Fruit 214 211 213 4
i United Itvvy Invest. . n?s 0)4 9
l 8 United Retail Stores. 110 C8 08
I .US Kxpress 7 7 7
i o U S Food Produoui ..C7H (Hi CO
8 U S Ind Alcohol .... 00', 88?, 89 4
I .. U S Realty & Imp. . . 55 tfi4 55'
I' 8 0S Rubber 103). 101 102 4-
l U S Rubber 1st pf... 110 110 110 4-
l B U S Steel 07 011 S04-
I 7 U S Steel pf 110 110 110', 4-
I a Utah' Copper 71 70V, 71 4-
l 4 Va-Carollna Chem ... 70)4 08 70 4-
I o Vanadium Corp 81!, 78 78
V.-v Iron Coal & Coke. 95 Vi 95 Vi 95 4-
I Wells Fargo Exp .... S.7 55 55
4 Westlnghousa 12 & M. 40 40 49?, -i
i .. Western Maryland... OH 0 9
i . . Western Paclfla 27 27 5.7 1
I 7 Western Union Tel.. 85 S4)4
i .. Wheeling & L Erie... lo'i 10
I .. Wheel & L E pf.. . 15 15
I 4 Whlto Motor 58 57)4
l l Willys-Overland 22 21
i 7 Willys-Overland pf... 84 84
I S Wilson & Co 07?, 07),
I tl Worthlngton Pump... 74 72
Thus far IhU week. 8,700,700 sliuni. Ham
r-4?,-10
4
15 i-84-'1194-4
t-7?,
72
period
1
1
ii
1
1
1V5
94
1
'
?4
14
l?4
3
X
H
1
H
2
I
3
1
2
1
1
H
i
i
Nciv Ttorh Bonds
C3AI.E3 IN tlOOO)
Adams V.x 4s ,C'on Coal Co. 4
last
FOREIGN EXCHANGE
New l.irU, April 24 The foreign ex
change market opened vvctik this morn
ing, pr.u'lcally all Issues showing
loshes. sterling- opened flown to 3.87 Hi
for dvtn.i'id and 3.SS for cables
Fiancs chopped r. centimes at 16 90
for vabltK and 16 02 for checks
Other quotations were
I.lro cables 22.83, checks 22.85 , Swiss
ciIiIph Ti CIi oheckR 6.6.1 ; irullder cables
SO'Sh. chciliH 36 ; pesetas cables 17.05j
checks in '(S Stockholm cables 21.63,
checks 21 "in : Chrlstlanla cables III 30,
checks It. IT. , Copenhagen cables 17.16,
cheeky 17 00, marks, 165; Austrian
kronnmi, r.o.
Tho mm hot was quiet today, moving
within a narrower range than usual
Htm-Hnb" sliadtd to the low of the
recent movement demand J.87JJ, cables
3.b8.
l-'rancs gained 7 centimes from tho
aliening, ,u 16 SD for cables and 16.87
for checks Ilelgians and lire both de
clined slightly at 15.75 for Belgian
ciblen and in 77 for checks and 22. SS
for lire cables, and 22 U0 for checks
Marks advanced 2 points to 1.67.
VEhTRItliAY'sf 1-INA1. CH'OTATIONH
SierMnB Franca Mre Guilders
Demand lbs". 1II.7H 23 82 30,',
Cables ;i SHV, lfl.70 nj Hl) j(m
ISIUAY s OI'K.NI.Nd giTTATIONH
rviuanl ,1 S7H lrt.P2 22.H5 30H,
Cubits a 8V mini : 83 3ll'sj
i IjiiSINo Clt'OTATIONS
Sterllns Franca Ure Uullderi
a ii'ri lo.i's .4 o. ao.
H.blVi lU.U
Commodity Markets
Demand
Cai.i.'s
I S3
30 S
VI
MONEY-LENDING RATES
rilll.AIH'.l.rillA Call, 6 per cent;
tlmo, 6 per cnt; commorcjal paper,
tint to six months, 0 per cerlt.
LONDON Money Is quoted at. 4
per cent. Discount rates, short bills,
Gin per ftnl; three months bills, 6s,
per cent
Reserve Banks' Discount Rates
ulllcUl dlbcount rates at the twelve
Federal Heservo hanks were as follows:
(The first column elves rates for all
periods up to and Including a fifteen
day maturity, the second for a period
of sixteen to ninety dajs Tho third
and fourth columns give the rates of
dlxiounts of collateral loans txicured by
government bonds or notes )
Com'l paiar (lovt nau.r
lo to no in lo no
0 days dais lOdavi days
fiVS
54
.-.v.;
."U
vt
Mat
.lull
(a t
Dp.
Jnn
Man h
llOst.ifl
Nun York
I'lnl.oU'liibl.i
KlUimnnd . . .
CUioland
AlUntn
i 'hli. ISO
St luls
Minneapolis
Kansas vll y
Dallas
San Franc Isuj
SS
5 V,
5S
Si!
r.Vj
5V
Vi
5V4
e'-i
Hates on outstanding certificates of
liiilelitodneen continue unchanged at 5
l.'i- cent with the exception of Mlimo
apolls, where tho rate Iu Hi per cent.
DANK CLEARINGS
Hank elearlnir.1 tolay, cnrninred with ror
rrsbondlnic day last two yeara
11120 10III 1018
I'lnla 1711, UOK, 5.10 158,110 191 Ml 420,009
llostun Oil 253 HOI aO,MIIB,.ir1
)lallinure IS.ION.BHO 10 lO'l "l7
N, V ,801.771,037 .....'1, .:.- ...
4 SO
Alk U M ci- A
3 15Vt
Amer Smelt'i.'
A Ilef'K Ss
1..... 77
X 77
K Ttl & Tel 0s
1.
1
1..
1 .
I..
03
can
03 94
03 !i
03 V4
COTTON MARKET
New Vork, April 'J-1. The early ral
lies, on tlie hope of u settlement of
ho Lancashire wnsc dispute and the
stroiiifor openiiiK of the stock market,
xvere followed by renewed weakness.
Probably the better part of tlie early
bu.viu represented covering for over
tlie week-end, ami when tlie weather
map xvas posted holding out prospects
for rains iu Texas selling became uctive
uud Kencrnl.
Tim weaker turn iu the htoi I; market
was also an intluinen ami all months
except May made new low ground for
the movement, selling about !() to ."()
points, below lad night's closing tigurcs
during the middle f the morning.
Yen. Todas's
ciosn open Hijh f.ovr floss
40 0.1 40 K.l 40 0.1 10.25 10 4.1
JJS.25 Si 31 5N.4U 37.HB 37 0.1 B 05
34 bs sir, no .-i.i on 34 30 ,t 1 no 1 57
22 ? 24 " " ""' 33.40 13 S3 8 33
33 2.1 S3 40 33.12 32 75 .12 0f) 13
32.40 .' iu .. ,11 32 OU 32 10015
GRAIN MARKET
CIiImro, April LM. -After fclnrtniK
ensiier this morning under t-cnttered sell
ing by conimisslon houses, the corn
market rallied, but feeling of nervous
ness continued. Trade was moderate.
There was a good deal of bearish
opinion, due to the fitiiitieinl and eco.
nomic situation, but in some quarters it
xvns thought that the technical position
was becoming stronger as the receipts
xvero small, amounting lo only forty-two
cars and there was little belling by the
emmtry.
.May opened nt SI lift to $l.(lii& and,
after touching SI till, sold nt Sl.tlfi.
Inly opened nt .$1 .17 to Sl.uO'A, against
Sl.Wa at the end yesterday, " Septem
ber wns quoted at $1.51 Vj to $1.51 at
tho opening and dosed nt $1 51.
Oats also improved nfter an easier
Btart, due to h-IHiir through commis
sion houses on better weather. Small
receiptfl. amounting to only thirty-four
cars here, caused covering.
May opened at 04,c to l).")i,.p and
moved up to yesterday's final of"9l',io.
.lul.v stnrtcd at Kie to 8t'V(Cl against
85', jc at the end yesterday, und ad
vanced to 5c. September started at
7'JTkc to 7iiVHc, against 7.T)j;c at the
close yesterday, nnd advanced to 7.1TMc.
KeceiptH of wheat here today were
four cars ; at Minneapolis, 205 cars, and
at iJuliith, eighty-two cars
No Change In Refined Sugar
N'uvr York. Anrll 24 The innni
market for refined sugnr remains proc-
iicauy uncmuiBfii, u. majority or the
refiners being withdrawn. Prices, how
ever, lire unchanged, although some
changes are looked for during the com
ing week by reason of tho prevailing
high prices for the raw product. The
raw market Is somewhat less active but
hid lunn 1 vioiinm-a 111 111,
BAR SILVER
Commercial bar silver was quoted In
Vevv York today at HID, unchnnsed
111 i.ontion, 1110 price was S3 "ill, up
Am V,' Pap 7
1 81
Ank-French Ss
32... . 08 3
2. .. 08
32 1)8 3
40 .... HSU
1 ... 08 (I
3 .... 118 Vi
6 08 3
ft. . . 08Vi
1 08V4
ao 08 3
2.. . . us v;
1... . 08 H
111 . . 08h
4. .. 08S
10. .. P8H
20. .. 11 R
3.. .. 08
10 08 Vi
Armour 4 Ha
0 70S
Atch T & Han
Ko 4s
1.. . 71
3 70V4
6 . . 70
' J. ... 70.
Atl C Linn clt
5 ..71
Atl U Line 4s
3 . 72'4
I.. . 72?i
Mo. .. 72114
13 7294
Halt ft Ohio ov
10 SO',
r...... B0
1 .. . 501',
15.. .. SOW
1 50
11 i. Ohio 8s
2 80
1 80
Dalt & Ohio 4a
1 B8
1.. .. B8V4
Halt L Ohio Si
2. ... 59
Halt X. Ohio Ol
I . . 83Vi
7 . .83
I.. .. 83
0. . 82
3 . . 82
1 . . . . 83
D A Ohio Tol
4... . 45
11 Steel 69 '30
J . .80
1. .80
Urad'n Con Of
12. . 80
Cent Leat'r Si
ft.. .. 03
Cent'l lac 1st
1 . . , . 00
1 07
Chea & O 4 4s
1 ... 724
1 .. 71
2.. . 71
C & O cv 4H
1 . us n
2 .. 08V4
I . 08.
Ch O cv Bs
1 . 744
1 . . 74y.
1 74 H
Chi II i Q 4s
10 114
6 . 04 H
10 04 H
Ch Mil A St V
cv 4S
1 .. 03.
1 .. . 08H
Chi M i. til V
fd 4V4i
7 . 50
50
Chi M I: St I'
cv Ba
1 .. . 03
Chi N West
Km Sta
1 . 70'
C H UP til
5 02
4 02
1 02V4
10 C2S
'.' 02
3 1124
Chile Cou'r Oi
2 70
10 70',
10 . 70
10 70
Chlla Cup'r 79
16 . . 100
IS.. . 1004
10 . 1004
Chlne-o Ov Ss
2 43
City Dord'x Cs
5 80
City l.ons Ci
B . i 88
4 88
5 80 '
City Mar's 0s
1 80S
10 . 804
City NY4Vi 00
1 .. 88
Clti NY4 4 03
10. . 04 H
30 . 054
City Paris Cs
2 811
10 . 80 4
2 . . 80
1. . 804
2 . . 8!) 4
2 80 4
Colo A So 4 4
1 00 4
nf Mir'd 6s
1 73
Cont'd On 7i
2.. . 1004
1. .. 1004
J.,,, 100
a. ..100
Copenh'n S4s
04
Cuba C Suit cv
IS 07
0 07V.
Den 1 11 Od fd
2.. .,. 454
10.... 45i
Den It O '4i
1.. .. 00
D Can Si '21
10... . 074
D Can B '21
B ViYt
B .... 07 1
S, . 074
10. . 074
D of Can '20
2 . . 02
U... . 02,
D ot Can '31
7... . 01
Erie- denl Lien
1 414
denl Kite 3
J 054
4 03
1 05
Clcn'l IJlec On
. 004
004
. 00
Day t
Illy B
2 8
Iiock'sr V 4i
0.. .. 04
Hud Mm fd
3. ... B74
1.. B7H
2 874
Hud ,4. Mm In
2 ;... 214
5.. .21
b ... 21
IU Steel 4i
1... . 704
S . . 70 ',4
Ov lit
,. 70
. 70
, . 7(1
Ov 2nd
754
, 75
75
. 754
. 75
. 7(1
76
Ov- 49
. no
. 00
504
. 004
fid 4
004
Inter .Met 4 4a
0. 154
10 . 10
2. 164
tn Mel ct 4 4i
10 154
In'o llau T fd
1
Qreen
W'n
ni
N'n Pacific 4s
1 704
Or'K 4V Cat 6a
S 874
O II A Nov 4s
B.i... 084
O Short L 4i
1 77T4
Pn It tm 44s
t... . 74
S 749i
2 74i
1..... 76
Penn' a It 11 Ks
1 83
t 84
1 84
Poorli. A 13 In
1 2094
Pers Mar't 59
6 .... 80
Reading 11 4s
78 VI
734
784
73
78
Rep Cuba 4
3 73
He'll' 0 ot Cuba
0s of '04
S 01
ttllo Or A W 4i
2 00
It I A A L44
3..
S
2
1.
1.
01 !
014
014
01
014
San A A A 1'
Hallway 4s
1. ... 88
St li A B V al
2 . B8
6.. 58
Bt 1. A 8 V In
10... . 434
1.. .. 434
8t I. A H Fran
Scrle A
Imp
1.
6.
1
Imp
13.
12
B.
5
10.
5
0.
Imp
1.
O
10
1
13..
12
13
5 .
25
.1
1
5
.124
524
B2
52
62
52
514
62
51',
I M Marino 0i
!
88
88 4
884
884
I..
5
Kan C A S 3s
2. Bl
Kan C Ft B fi
Itemp 4s
2 . . 61
Lack Steel '50
!. ... 021,
L A Myers 7s
(I 103
1 103
Lorillard C 7s
10 .. 101
2 101
Missouri K C
A Tex 4a
5.. . 80
Mia l'ac Kin 4s
IB 624
Mils l'ac Bs 23
3.. . 02
Mhsouil 1' its
1.1. . . 004
New O Tei A
Mexico Sa
7. .60
3 . 60
8 . 40
N Y C A II 11
It II 3 4s
1 . OS
2 .. . 0.1
N Y C 1..S 34
2 . 70
NYC. U R
It R 0i
1 88
3 88
3 884
N YorK Now II
A Hart'd Cs
i . oo',
N Y ltlys 4s
5.
N Y Rlywa 6
1 (14
6
2 0
4 . I!
NJWC4I1
Hit 4',4s
.' "
Norfolk
cv Oi
3.
so ;
30 .
' A XV
PC 4
N'n Paclflo 3s
0 51
3 ... 61
I I tl 1 1 I 1 1 1 f 'M
h HUM' AU '
IN
in
Some .Issues Prossod for Sale
at.urthor'Cpnco3.
sions
New orW, April 24.T,1(J
street curb fnnrket shovre.l nn im,.
lnr tone, with a number Vf . again
pressed for sale nt further concern "
nnd although' some stocks were In de
tnand there wns m, material gnin made'
In nny isiue.
General Asphalt started at 77 anA
sold down to 74l&. Cuban Amerl,, ,
Sugar ranged from 57 to B5A. Aim,
100 shares of Htutz Motors were trod
In In small lots at 470
Dominion Oil was one nf tl.n r
strong stocks, selling at 15 ,. m, 7
buying based on life ,,noV. icene t ,f
the declaration of 10 ner n, ie,
stock dividend lntcr.intCiictril !
was n so in fair demniid. moVli J '
from 15 to 30. Him,,,, a i'ftad'i
arounil Its recently establish,,,' Tiw
1..
4
3
I
T.
i
10.
54
64
54
54
64
53 Ti
53 '.4
St I. A H Fran
Series U
6 . 054
2 . nH
St l. A H Fran
Series C
5... . 81
atl. 9 W'n lit
l. . 02
Seab'd A 1. J
1 33
1. . . S4x;
.1 . . 34 4
I 31
1 . 04
1 . . 334
S'n I'aclflc cv
10 754
S'n I'aclflc fd
4. . 704
2 . 704
S'n l'ac cv Si
2 . 07
10 07
42 . 07 4
1 . OS
I . 08
1 .. . 0'4
S'n Rallya 4i
2 . 5(1
S'n Rallys 09
2 80
Union Pac 4s
2.. .. CS
Third Av- nj
1. . 204
Third Av It 4
3 . . 43',
1 . 44
Union l'ac 4a
3. .70
8 70
6 70
Union I'uo (Is
! .07 4
INDUSTRIALS
Acmo Coal
Aetna rJxplos.
Hrltlsh Am Chem
Ilrlt Amer Tob coup
Clevelarsl Auto . .
Cuban Amer Sug . .
tleneral Asphalt
(Irate Ola .
Orate Ola puf . . .
Indian rucking .
J I Caso
Hercules pref . .
Nor Am Paper .
Perfection Tire . . .
Radio Com . . .
llivdlo Com pfd
Svveeta Co
U S Steam
United 1'lcl I'rod :
United l'rnfp. Sharing
United Hot Candy .
i-ressman
Hixlt
3
II
8',
. 20J,
. 714
' 2!
. 77
:&
21
. 31
34
Itockaway
Stutz . . .
Hi.
,!iV-
i.inv
24
II
N4
204
71
.114
;p
20
3t
34
3
24
ai:
V,
11
ll'l
170
INDI'.ri:.DKNT OILS
1
07'
u it a ii i
3
3.
6
6
064
1)5
1164
05
054
054
054
6 .05 4
I'KCl U A I
rets uf '22
2 U3i
22 . 034
IT K U D A I
rcti of '20
t Hi
2 . 01
25 . 01
(1 .. 1114
1. 014
CKOIII '37
10 . . 804
10.. . 804
10 . . 804
2 80 '4
1 804
U S Mexico 4l
10
3
u s
4
1
28
28
Hub'r Si
81
81
U S Steel 5n
1 024
2 034
1 H3i;
5 1134
2 !)34
113
U l'ow A I. Ol
1 . 78
1 78
Va Hivys Si
1 . 75
Wesin M'd 4s
1. .40
Wt Shore 4s
2 . 00
o,Toto1.' 9-"30.0flO. compared with 20 107.
00t yesterday. Thus far-thl week jinl.r.lO,
OOO Hinie period last iieek, l0.',347,O00
, ,, ... "1Kb l,niv C,-
Iilhertj .Hos . . . i.'l.:il) O.'l.Oll !l,'t..'!0
Liberty J.st -l.s. . . ,S5.50 S5.50 85.50
Liberty I'd -Is Sfi.i'o 85.00 85.02
Liberty 1st. !. . 80.00 S5..10 85.00
Liberty 2d -H4s.. S0.6() ' 85.10 85.SI
Liberty .Id 41is. . 00.80 00.28 00.00
Liberty -1th Ji,s. S0.02 85.2-1 85.00
Vic Notes ii?.,.. iin.tio oo.-io no.no
Vic .Votes -19', s . OC.OO 00.40 00.48
I'ARTNKItSIHl'H
Allen Oil ... . . i,
Allied Oil ... id
Amal Royalty . . an
ArminnuH Natural Uas
lloston Wyoming . . .
Carlb Syn
C'osden A Co . . .
Dominion Oil .
KIk Ilailn I'ct . .
I7ni(lneers l'etrol
Federal Oil
(llenrork Oil . .
Home Oil
Hudson Oil .
.Int 1'otrol .
Island Oil
l.lvltiKston . . .
(Irnnnda
Merrltt Oil
Metropolitan Tet
Omar Oil . . .
Phillips Pet . . .
Producer A Itetlners
Ryan Oil
Slmms Pet
Hkelly Oil
Stanton Oil .
MINIMI STOCKS
3S
I'lri.j
.1
tl
7,"
.'.li
71
II
'.'1
31
ii:;
-VI
It',
470
.'i
3S
30
"s't,
134
4
IN
34
34
3H4
n's
14
114
174
44
31
8
34
IS
11
23
SV.
ir.4
ii
14
:i
.1
3'.
54
14
1'.'
17
44
4,
.11
74
3
IS
Id's
21
'
ir.',
4
.1
.inv,
Alaska Rr Columbia
Atlanta
llolcht-r Divide
lloston A Montana .
Caledonian Mining
Calumet A Jerome .
Canada Copper
Cortex Sliver ....
Caiuleliirla Mln . .
("reason Hold . .
Crescent McNamara
Kl Salvador ...
Ilmina Silver
Dureka Croesus .
Kureku Holly . .
Forty-nino Mlnlnr
(ioldlleld Zone .
Honduras Syn . .
Jumbo Hxtenslon
lioulslann Co ...
.XIaoNajnara
.xrother I.ode
Mother Iide ne"
Mnrruv Mn
National Tin .
Ophlr Silver
Prlnco Com
Rex Cons .
Ron a roup
H Silver Lead . .
Tonopah Cash Hoy .
Tonopah Divide
Tohopah Kxt . . .
U S Cont ....'..
United i;.istorii
West End Con .
F.
tin
31
4
14
58
4
in
14
14
p..
20
1S4
0 .
'.
4
54
34
7(1
44
4
11
74
14
til
04
3J"
14
I'.'tJ
17
44
I.
31
74
34
11
IS
no
31
ti
14
14
14
20
l4
il
f.2
."4
71
3
'I
(14
1".
Ill
n4
34
14
ni
H
iu
it.
I'M
21
n
...
..x
4
I.
HI
(ll
'l I
'
ft
11
11V
jv.
ml
DOMIH
Allied Paikers Us . .
A T T 0a 1024.. ..
Anitlo-Amer Oil 74 s
Ilelxlan Oovt da 11.2,1
Cons Textile 7i. . .
tioodrlch Tire 7o.
I It T 7s
Pennn It 11 7s
Sinclair 74 a
Texas Co 7a
West Electric 7s.
714
03'.
.inn
. 03
till
IN
17
intii.
!)74
1184
714
03' ;
II!)'.
11.1
OS
III
it 7
inn'i
1174
ass,
054
71V
IS'!
inn
M
n
'14
C7
1011',
".'
rm.
OS'.
LIVESTOCK QUOTATIONS
ClilniKO, April 24 HOfIS nmlmateil "
IntM IS. 00O bead, left over. 11 lifd S on
First sales Htendy with est.-rdaj s cl(u
J16 10 paid Averaire lost ie,terdav J14 33
CATTLE," Estimated receipt, .limn h'd
SHEEP Estimated recclpfe. 3000 bead
liiat llufTalo. N. Y., April 21 TATTI.E-
Recclpts. 1400 head Dull ("alies !t
tclpts, 700 head. Fifty cents higher at Uli
17.50.
11008 Receipts. 0400 Tiventv.flve cnti
lower, heavy. J15W1.1 ,10, mlted, m.v lif
HI: yorkers, JHICdllll.lo, lluht do and rl
tilt, rnuvhi tl"r,nirf1. HtHL'S SStSlO
SHEEP. AND LAMIIS- Itec-.pts 2W
head Ijvmbs were Silc lonei wool Iaral'
I13W21.60; yearlings, J1210.Vi ullpped
112010.60.
I'lll.l.urrli li... Anrll HO"iS R
'celpts, 3000 head Mulkel Inner IIiW
ll(a 14.50, heavy lorkers and liahl lorkert
ct s nrillslK 7.X no, tin Slirif 1.1.7.1
I HIIKKP AND I.AMRS RtselptB HO'1
head Market loner Top shei-o f 14 uO
n-.... Iml,u till no
CALVES necelnts 41D h'sd Marke'
lower. Tep, $17
TUB FIRM OF TRAI1KR A (IFI.dOOl) HAS
dissolved partnership April 17. 1020, ,xtr
Tracer will conduct tho business under the
nrm namo J. Tracer & Co.
USED CAR BUYERS
An Inanectlon of our used car Block
will brvo you money. .,,...
i i. Ai.,..i ... . ..kutxnnDlhln rniillianVi
H.1IU UUUtCU HV iv cwwiioi' ---- -"R
Lexington Motor Company of ra.i
. ... ... . ii n...J Ci 1
Lennjton ttldf., osi-aj n. mw
To the Holder of the Preferred Stock of
The Harwood Electric Company:
In view of pending proposals looking tc the purcha.sn of the
Preferred Stock of The Hurwood Electric Company, the unilerslgnf"
bollove thnt Immediate, co-operation among tho preferred stock
holders la expedient In ordnr to Insure that they will rcenlvo an nuc'iuaie
prlua for their holding)!. The undersigned have, therefore, eoiislltuteu
themsolveB a Protective Committee and reciuctit the holders of tne
Proforred Stock to deposit their Hharea with tho Illttenliouse Trust
Company, 1512 ChsBtnut Street, riilladelphln. Coplea of the Prcicc
tlve ABris-mt-nt may be obtained from the DopoBitary and from tii
Chnlrman of the ("cmmlttee.
FREDERICK J. PETRY
HOWARD LONGSTRETH
F. CORLIES MORGAN
JOS. S. LOVERING WHARTON
WILLIAM M. LLOYD
Chairman Protective Committee.
Commercial Trust DJdg.
Counsel :
ROBERTS. MONTGOMERY & McKEEIIAN,
1421 Chestnut Street.
We Move to Our New Building This Saturday
For 31 yenrs wc hnvc ueen sci.."i
an nlwaya-increusine clientele. We
have been forced to take larser quf
ter On Saturday, April -Mil"
P M . xve start business In our own new
Bank BulldlnK at 4th and IxmbaM,
where wo can better serve yc u. M"
nB In all lie branches nnd Sore'lJ
Exchange. Our ability to ier IJ
well In the past Is our best proml"
to you for the future.
M. L. BUTZSTE1N & CO., Bankers
KltuliJIihed 111X0 ., ,, ...
4TH AND. UOMOARD STS. Open Frpm 9 A, M to P, r J ''
Hfar K "" wSmj tfi Mmi d "Kflrtf MP S
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