"-'n pf S.1-1" IS EVEX1SG PtBLIC LEDGER PHIL ADELPHl A, M.OXDAV, MAJRCH 14, 11)21 BfNS, l :01 'y n S it. ,, I .in? fKW fii ! fc" . SfcHfiHil ! .. rontrab-iis i ai.iR'flni!j'at ! Whm Ml3 ? 1 .f . am Wl 5lii .:l ( ;(( . itw III 5? lit laftWJGH. t-asra l' -r WfiBrff rrca 4KiSIt.W X 1 -.UNH -. i MM ill W a. '.i'i MTmrwi i iiiri.- fiTitlVi,' 3 '&$$ ; s ' "j -. it I 'J ; fit 1 W kVIK - J" I Business Conditions When bniiiirsj conditions are Sn (lie process of readjust mentthere is a great deal of comfort in knowing that your money is invested in sound, well-chosen bonds. The owners of sound and properly safeguarded bonds can be practically sure of the security of their investments under even the most adverse business conditions. Our March Investment Circular describes a large number of bonds which we recommend for investment. A copy will be sent upon request. Ask for Circular F-12 Harris, Forbes & Go. Pine Strett. Corner William NEW YORK PHILADELPHIA OFFICE Widener Bid. PRICE MOVEMENTS NEW YORK stock exchange transactions TimsmmammmtmmasijnsifS ELECTRIC Light and Power Bonds tt strongly advise the vjrchaso of this class of securities In view of the substantial earntns power (hown during the paBt few years of difficult operating; conditions. A High rate of lncom Is nbtn'r ablo and sound security afforded Tho Life Insurance Compantc havo recognized this feature by having now an investment of tome 1300,000,000 In light and power securities. ?)( on reauef IMabllahrd 16 BIOREN & CO. 410 Chestnut St. Philadelphia Member of b'ew York ana Philadelphia Stock Exchangts fj&mwiMtmrwmxmxvKim3i 8.30 Per Cent! Tax Free ! I-or a First Mortgage Bond secured by public service properties. Earnings 2V times bond interest. Margin of safe ty exceeding $2,000,000. Send for Circular. Edward V. Kane & Co. Morris Building llaUbllehrd 17 Year American Gas 7b, 1928 Phlla. Suburban Gas & Elec. 5s, 1960 Empire Refining 6s, 1927 Empire Gas & Fuel 6s, 1924 & 1926 Lehigh Power Securities 6s. 1927 Central Georgia Power us, 1938 Commonwealth I'ow., Hy. & Lt. "h, 1923 Sun Co. 6s, 1929 Penna. Water & Power 5s, 1910 Counties Gas & Electric 5s, 1962 Phila. & Garrettford St. Hy. 5s, 1955 I Lehigh Valley Lt. & Power 5s, 1943 Luzerne County Gas & Elec. 5s, 1948 Metropolitan Edison 5s, 1922 ' BAUER, STARR & CO. ' l.and Title lliiildlnx. rhlltuitlphU I New York Office. 115 llroadwaj i Oirrrf ' ' V 7V tphonr bc,t Otf,r. Penn Public Ser. 5s, 6s 7js Met. Edison 5s, 1922 Pa. & O. Pr. & Lt. 7' zs, 1940 Scranton Elcc. 8s, 1931 ! Humble Oil & Rcf. 7s. 1923 Phila. Co. 5s, 1949-51 MCown&CQL Land TitU Bldg. ' lltnbr Phil. StofU Ki(hni Short Covering Checked Early Decline and Turned Trend j Upward New Vorli. March 14.-Neither the I'linrnrter of the trading or prlfo moTC ment furniilipd nnythlng In the way of nnvelt In today's stork market. There was recurrent spasmodic liquidation here and there through the list. The dealing, as ii whole, retained the same professional coloring, while price rnore nient was variable nnd uncertain. From nil Indications, the heavy liquidation for tax purposes had been practically com- j pleteil last week. On the other hand,, the general market exhibited feeble rallying power, yet on the early declines j the. same undercurrent of resistance was ; encountered which -erved to hold the, reactionary parly to some extent in ' restrain. i Apart from the favorable bank state ments there was nothing in the over- Sunday development of any great Im portance, or at least of sufficient in flttencp to produce essential change in , tlm L-eneral market nrogram. Initial. nplrn Mmnrpa were vnrinhlv rhsnred. ! but heavy speculative Helling soon began, which forced some important issues to a rarity with last week's lowest figures. Pressure was most pronounced against the oils, steels, specialties and some few of the railroads, Mexican. Petroleum dropped .'JV ; ran American, 2Vi; Hears ltoebuck, 13 ; Famous Players, ' 1 1? ; Ilaldwin Locomotive nnd Union I Pacific, l ; while United States Steel. St. Paul, Heading, Chesapeake and Ohio and II. and O. were off l& to . I It ,ioon developed that ome of the I larger shorts were taking advantage of the reactionary tendency of the market, to cut down commitments nl nlong the I line The illM'overv of these tactics in fluenced a rapid shift of position on the part of the room trading contingent and before the second hour was very old most of the uctivc issues were backto nnd Mime nbove. Saturday's closing level The rebound was particularly striking in the oils, but extended all through tho industrial division. The, rails were dull but steady for the most part, although reports submitted over I the week-end disclosed further reduc- . tvn of tonnage and earnings. I SAGGING PRICES IN LOCAL MARKET Continued Free Selling of "Pennsy" the Onlstanding Feature of Trading There was nothing much to the trad ing in the local stocks aside from the continued free selling of Pennsylvania I Railroad. Quite h few selling orders accumulated over the week end promptly! partly by the poor showing made in the monthly earning slntement. Thej 1 price, however, did not get under las'-, I peek's low water mark, but was sue cessfully pegged agniu at 35!.,. In the general local list lower price- ! were registered during the morning, btr these recessions were m.iinly the result of the abesnee of buying demand rather than from freh selling pressure. Phila delphia Rapid Transit was one c.f the weakest spots, yielding to IK. or 'a point under last week's closing level. Dealings in the remainder of the hx-ul shares were mostly made up of small odd lots. Electric Storage Hatter? . , selling ex-dividend of ..1. looked cheap , at OSVi. whi'h price with the dividend , i represented a net decline of ni. On very small trnn-wuonH i.eniKii Navigation ran off :m : Pennsylvania Salt, IVi ; Philadelphia Insulated Wire, I- : Philadelnhla O. cumulative pre i fen-ed. 'j. nnd Philadelphia Electric. , 's. t'nited (las Improvement was sus- i I tained at last week's low level at 3!Jli . ' Philadelphia Stocks iiu tat too 1(10 40ft ion son isou Hon ion tan t ita 19(1 ?0A 13DA Itt llOlf 10A J.1.1A 100 H0O 101) xoa 700 SS0A 70s 1700 i;oo 100 400 370 100 70 400 10ft 13000 70ft 10ft 11301 101 10 K100 2 itt J 300 100 110 700 30A 10 nOO 00 (0 lit .-.700 1000 10 20ft 100 100 30ft ton 1.100 300 3300 40ft 100 son ion too 3801) 10ft sOft 4 TOO 800 t 31700 1.100 oOO llift ?00 100 70ft 10 tstn lift 100 7800 400 .100 310O fiOO 370ft 100 IOii ton 7 .Oft lllft 1 0ft 10ft I ft ft I Oft .VI ft 300 000 30 100 100 Aon 100 30ft 110 700 1000 80ft Iftft J? 100 m I tilth Vux ttubher . 3ST4 Allied I'hem Lje 43 7 Allied chtm & Dye pf 8?i 4 Allls-Chalmero .is 7 Allls-Clialmers pf . . . 7H Am ARrlc Chem. . .. 4H 7 Am Agrlc Chem pf . . . 7i Am fleet Sugar 40H Atn CJan 17 i 17 Atn Car A Vdy . . l1!-i 7 Am Car & Fdy pf . U1J4 ft Am Cotton Oil tl4 Am Drug Hyn . . . !J s Am Kxpress 1114 Am Hide & leather . 8M . Am Illcle & leather pf 43X Am Intemat Corp . 41!i I Am-U KVance Kng. HH Am locomotive . . . R3'4 7 Am Locomotive pf . . . 1 . Am Safety rUssor . ., H Am Ship 4 Com . . . 8 4 Am Smelt 4 lief . . 37 fi a Am Snuff 11M .1 Am Steel Foundries. '. J4 7 Am Sugar nef ttt 1ft Am Sumatra Tob 7W Am Tel A Tel. .11 It Am Tobacco . . . H7J4 17 Am Tobacco 11 . . 114 7 Am Woolen . . . 4'4 Am Writing Paper pf . 8 Anaconda Copper .BM?S 4 Aboo Dry Goods ti ft Asso Oil iff, ' ft Atch Top A Santa Fe. 7T4 Atlanta nir A Atlantic S'j 1ft Atl Gulf A W I 8 S. . . 4tJi 5 Atl tlulf & Wl S S pf 1CH 7 Auto Salts Corp pf . 17J 7 Baldwin Locomotive . MK Baltimore A Ohio. . 3t 4 Baltimore A Ohio pf . . 47H so Barnsdale class II . . . HH Bethlehem Motors ... 1J4 .1 Bethlehem Steel B JJ s Bethlehem Steel S pflOSJi Brklyrt Rapid Transit 13',4 Caddo Central OAR. 11H 1 Cal Zlno A Lead ft ft California Packing . . 10 California Petroleum . 3 10 Canadian Pacific lllft . Central Leather . . . 3S 7 Ccrrode-Pasco .. . 14 'i 10 Chandler Motors . 71 t Chesapeake & Ohio... 4'4 Chicago A Gt West. 7J4 Chicago A Ot West pf left rincago Mil & st P. . . 14VS Chicago Mil A St P pf 37'A .". fhlcago Northwestern HH 7 "lii A Northwestern pf 14J ("hi R I & Pac It f hi n I 4 Pac 6i pf 89 Chile Copper U Chlno Copper . . . It'A Coca-Cola ift ol A Southern . 1H '.oi & Southern 1st pf. 51 ft ""olurr.b Ciaji A Klec. . 38ft I Col Oraphophone . 8ft 7 Consolidated Oius .... H . Continental Candy .. 1ft 4 Corn Producta Ref. ..7X . 30 Cosden A Co ' a Crucible Steel sft 4 Cuban Amer Sugar... '1ft Cuban Cane Sugar. . . lift ft Delaware A Hudson.. ft Denver & Rio Grande. 1ft Denver A Rio Gr pf.. 1J l Dome Mlns . . lift 5 Kndlcott-Johnson . . 38ft . Brie 11 . rcn 1st pf .... 17 ft Fairbanks . . . JS ft Famous PlayerB L. . ft Famous Players pf . . 83 1ft Fisher Body . . 81ft General Asphalt . ... alft s General Klectric ...11ft I i jcrieral Motor. .. 11J ft Goodrich B F . . 38 ft 1 Goodrich U F pf . . 73 . Oranb Consol M & M 1 Gray Davis . . . . 14ft ' Great Northern pf .71 t. re.it North ore ctfs. 30 J J Gulf State Steel . 7 Houston Oil . . 1 Hupp Motor Ca . Is Indian Refining H lrilliihcmi.1 P.6f . IV Inspiration Con Cop 31 Intrrb Con Corp. 3l Inter Con Corp pf 1SK Int Agrlcul Corp pf . 44 ft Int Harvester new . 94 Int Mer Marino . lift Int Mer Marine pf . . 4M Internat Motortruck.. 31ft International Nickel.. 13K International Paper . . 5S Invincible Oil Corp . . 17; Island Oil 3ft Jewel Tea . . .8ft l l .10 50 Kansas City Southern 21ft 28 ft 41ft 8ft 31H 7'i 4 7i!i it ft 7? l'itK lllft ltft V4 177ft 8ft 43M 41 8ft 81 K 101 ; 37 ft ltlft 2 ft 10 7ft 101 114ft 112ft 1 2 34 ? 7 ft 71ft S7J 3(ft lift 81ft 31 47 ft 21ft 2ft M U5K 12ft lift i ( a ill 37 13 ft 71 ' HH V,i 18 13ft 36 8t!i lOtK 13 ft 47ft u 1 2ft 22ft 41 48 i 1ft 8 1 ftlft 28 ft 81ft 28 'Hi ift Vi i its lift 17 ft as 03 ft 8?ft 82 ft 49ft 128 ft lift 3 7 10 14 ft 70ft 3ft 1 81 13 hfci 4ft 30 ft A lift 45 ft t! lift 4ft ft 31ft 13 ft 57ft 17 3ft 8ft 1.80 l.t 28 ft 41ft-8ft-31ft- ?!a 4tft4 ft 4 liiW -42ft 41 - 8ft 83ft 10S - SH 8 Mft llft- 3ft Mft- 7 It 117ft V HIH-r 64 3 - 1 24 1ft 3ft-!- 37 ft 3ftr 12(4-88ft- 1M 4ft-24ft- 2H - 54 ft 4- 103ft - 12 ft 4- 12M 4 8 38 111ft- 38 -r -i 40 ft- i t 18 24 ft-30'j--84 ft '4 ft t 74 48 ft r 10 10 ft 4 31ft 41 48 ft 4. 7ft 8 I - w . 27 i 21ft- lft 1ft 1ft ; 15 ft -2-48 ft 4 11 -f-17 ft 38 4 ft 4 82ft 82 ft Jlft lit ft lift 4 36 ft 5 -5-1 4- : "ft 4- 7ft-3tft-7 SI 13 8ft - 5ft 30ft- 3ft.t 13ft - -: 3ft 8ft-22ft- Nel Che. niv in I HUh 4 Kelly-Sprlnslleld Tire. 38 7 Kennecott Copper . Keystone T & R 7 Kresge S S pf ft Lackawanna Steel 3 3.50 Lehigh Valley " ft 3 ft Hi l' H ft ft ft ft ft ft I '4, lft ft ft ft Hi ft ft ii 4ft ft ft ft ft I i ft 1ft ft 'ft ft ft lft ft ft ft ft ft ft lft lft 100 lfttt It 14ft It 400 1 3100 100 18 1 7J1J 10 700 : 10 ; loo 10 40 it 400 1(0 1800 1400 100 100 100 SOU tOi) 3800 "'ft ,1 .oil UI00 1000O 1400 700 80 40 70 too 160 14M l 100 7t It 100 30 80 1800 1200 8000 24 40 .100 160ft 5 30 701 110 ltO 100 2M 40 Itt 780t 75tft Itt 30 s ltO 400 11500 lOt 200 101 101 10 too 70ft 7 2t 10ft 40a 401 23 4ttt 2t lot I3t 3t 48t0 40 200 10ft 1400 10 17009 10ft 310 200 1.10 10 40 ton 300 44 100 300 100 130ft 400 10 ltft 13ft ltlft 4 4tft tiii It Loewe Co 1 Loft Candv 7 Lorillard Tobacco pf. .! 7 Louisville A Nashville 7 Manhattan Kiev guar, 41 Maxwell Motor 4ft 8 May Dept Stores. . . 73 11 Mexican Petroleum 145ft t Miami Copper 17 60 Middte States Corp 12 2 Mldvale Steel A Ord . 2 ft Minn A St 1uIb new. ! . Missouri Paclflo 16ft Missouri Paclflo pf . . . 34 4 Mulllns Body 24 7 National Biscuit pf . . . 18 . National Cloak A Suit 3ft . . National Con A Cable 2ft Nev Con Copper. .. .. H N O Tex A Mex.. .. 7ft 10 New York Air Brake. . 7' 5 New York Central..., Tft New York N H A H. . lift New York Ont A W. . ltft N Y Shipbuilding. ... it Norfolk A Southern . . It Norfolk A Western... tift Norfolk A Western pf lift Northern Pacific . . . 7714 4 Okla Prod A Ref. . . aft . Otis Steel laft Pacific Mail lift I Pacific OH wl ft Pan-Amer Petrol , . ft Pan-Amer B 3 Pennsylvania R R. . Penn Seaboard Steel Peoples Oaa Chicago Pere Marquette . . . 5 Pere Marq prior pf Phillips Pet . . . . . Plerce-Arrow Motor Pierce OH 8 Pierce Oil pf . . 3 Pitts Coal Pittsburgh A W Va Pressed Steel Car 8 Pullman 8 Punta Alegre Sugar 4 Pure Oil Ray Con Copper. 4 Reading , 7 Reading 2d pf . . Remington Typewriter 25ft 0 Republic Iron A Steel. 63ft xo uoyai Dutch N V. . . . . Sixon Motor . . St Louis San Fran . . St Louis Southwest St Louis Southwest pf . . Seaboard Air Lino. Sears.Roebuck .77 Shell Trans-port 6 Slosa-Sheff . Sinclair OH ft Southern Pacific . . . Southern Rait 3tft lft . . 3(ft . 1 . 38 ft lf 41 , 24 , 3t , lift , 78 ft , 47 25 ft 84ft "44ft , 33 lift 8t 4 ft 62ft 4ft 2ft S6ft 3t 4ft 74 41ft 41)5 21ft "ft Hft Standard Oil of N J Df ltlft 1 Steel Tube pf. Stern Bros pf Strombenr Carb Studebaker Studebaker pf . Superior OH Corp. . Superior Steel Temtor Corn A F -A. , Tenn Cop A Chem . Texas Co .'. Texas Co warrants. Texas A Paclflo Texas A Pac C A O Third Avenue . 0 Tobacco Products Transcontinental oil Union OH 10 Union Paclttc . . . . 4 Union Pacific pf . . . .Jft United Drug 1st pf. 8 United Fruit United Rwj- Inv pf . United Retail Stores ..US Express .US Food Products V S Realty A Imn U H Rubber U S Smelt A Ref U S Steel U 8 Steel pf Utah Copper Vanadium Corp . . . Va-Carollna Chem . Va-Car Chem pf Vivaudon Ino . WabaBh Wabash pf A . Western Maryland Western Union Tel. Westlnghouse BAM Wheeling A L K. . Willys-Overland Willys-Overland pf Worthlngton Pump . 7 9 31ft 60ft 1 v . 38 l- 14 ,. 7ft . 8li . 38 . 2ft 21ft . It 51ft J4 . 1 .115ft . ttft . 44 ..101ft . 33! . . 51ft - lft . . 7 . 41 .. 66ft . 30ft -. 78ft ..108 . 48?j ..30ft . . 31ft su 5ft . 7ft . . 18ft ft no; 46 8ft ?H 3 48 ft Low 37 ft ItJV lift 13K 4ift. 4ft 17 J4 lis s 41 4ft 73 143 17 "X 31 li MM 34ft 34 lt8 ! 3ft JH ft 7i' 7 17 "! 34 10 4ft 4ft 76 ft 3ft iW 14ft 38ft 81 I 35ft 54 38ft 16ft 51 II 75 ltft 7 Jft 47 14ft 83ft 181 44 31ft tUi Sft 46ft 34 ft 63ft lft 4K 70 '34ft 3 4ft 71ft 41 41ft 20f 71ft lft Hft 78 t ft 45 ft 1 7ft 38 14 7ft 3Sft 38ft lW 21ft 16 41 7ft 17ft 114 8 44 181ft 23 ft 46 ft 5ft It 41 84 '.4 soft 77ft Its 47ft 3ft 1ft Hi 4ft 7ft 18ft ft 86ft 45ft 8?. 7ft 31ft 46 ft 1:30 Net l.att Chre. 38 4 1 16 ft -1- ft 13ft li7M4- i'A 4H ft 4H 17 4- H li lis - 41 4H- 73 - 14v -17 4-11ft-3i - li lift 4- 3.1 34 -1S atft- 3ft M4-ft-7 ft 4 '.?'- l',4 - 24 II 4ft 4- J 4- 14ft- 2t 8 lft . 36 ft 8ft 16H4 41 24 - 26 4 lift f- 71 4- 47 24 ft 83ft -H4ft 44 ft 132 -f ll!i I-88ft-4ft4 74ft 4 3ft 4 3ft 4 ft 4 10 -36 -3 4ft -74 41 41ft 2tft4 73ft 4-lft-lMJif 7 4- 4 31ft J i 1 - 1H 4 38 14 - 7ft 38 ft -38ft -20,4 41 - 7ft 18 ft-4ft-66 " 4 -Ilft 73ft -'t. lft4 4ft 1t 43 68ft 30 ft 78!4 -108 48!, -4ft- 4ft- 7ft 18ft- 4 8ft 44 ft ; 8M4 7 "'4 3315 46 ft 4 ft "h 3 lft H H ft ft li i "h "a i l'4 ft ft ft lft ft ft H Vk '-J ft ft ft ft ft t ft ; AT RECJUEVELS Trading in the Petroleum Issues Continues to Dominate Market Mines Quiet New York, March 14. The market on tho Nroad street curb rntlntalned a steady tone, even in the Jnterval when 1 tne stock market was under renewed pressure, and there were no substan tial Iotscs during tho day's trading. There were, however, no extensive ad vances, a supply being In evidence whenever any rallies occurred. This hold tho market In check at close to the levels prevailing at the end of last week. International Petroleum was in good demand and mads a gain of H, to 14U and Slmms showed an Improved tone, ranging from Hh to ",. Mnrneatbn yielded from 23V& to 22. but rallied quickly from that level. There was a fair amount of business in Texas Co. rights at t?. Guffey-Olllesple ranged from llTi to 11. The assumption prevailed that the stock is now estab lished In a trading position around 11. Carlb Syndicate was again In supply and was traded in during the forenoon at fiVS to fiU. Colombia Emerald was bought on a moderate scnle. Durant Motors was fairly wejl held, ranging from 20 to 20"s. United lie tail Candy was steady at 8 to 73. In the mining stocks there was not much change. IMH'STIUAl.S llltli .Arm Crt . IS Drltlsh-Amtr Tobxcoo coup 12k Columbia Emerald Durunt Mo'or Empire Pood . . . . Farrell Coal Imperial Tobacto Inter Trade Mark Inter Rubber Perfection Tire Radio Com Radio Com prr Keett Co . ... V 8 Bhlp Corp, I S Steam I.'nltel P.-ont Sharing t.'nlted Profit Shar ri-ts t'r.lted Proft'. Shir pref United Ret Candy . 2 20Tt 3 IS ft', cot 2S l 1 2 8 I.O'A 1 lift 20T. ai is fi (10' OVt ii! ii tv .Kr.tln-Am Stand Oil of Indiana RTANDARI Oil.1 Oil . . . . lfl4 ft li lft ft ft ft ft ft ft 2 1 ft ft ft 'ft ft 6SH LNDKTENBENT OIIJ? 10'. 88 I K. p. m :J0 -MS 2(! -flSft- 47 "s- 7H - Commodity Markets :'il 'si Liberty Bonds Bought and Sold Edward B.Smith & Co ilembc- N Tori, j-.d Ih ad- ph 4 Stack 12i' hanx-a HI'. CIIUST.VfT STRKE'l phii.ai7:m'Hia HlKll l.'iO Am Strs . .. 'Si Am ia 3 "-0 Mll'erro de Ici.. 24, -'Js JOOTCuban-A Sugar . 20 2rt ."! Kle-Stor 9!i '.i'i Id-Int .Mar pref . 471 47Js 2ft I Co X A 2H 2S :i0 heh Xav. ." ir 17t Pa R II.. 3 .Ts in Pa Suit . 74 7.. UMltPa Scab Steel 2 Phila Ins Wire. . 51 JO I'hila Co c utu pf.. 32 Va .17 Phlla Elec 22VH 10S do pref.. 27 o'S Phila It T 10 X, I' (J I... 33 Vi Kr nw.der.d toda EI: Storaae IS - - har.se mad by comparison With laa- -...6 on Nw York Stock Exchans j..... nilNDS 1 IS N'' Hlh Txjw p 111 chtr. COTTON MARKET .Sew York, March 14. Southern hedge. selling, in considerable volume, rnused a break in rottou prices this morning, mostly after the opening. Liverpool was al"o a good seller, while Wall street bought moderately. At the opening prices declined 2 to kork, March n. The foreign ' Financial Brief s market opened Irregular today. ' 0'T, !'"' OS ; : wiiiea'KK11 fcira ! 55 S2:H IF- inuiu Uli. auuui .w uuium uuvtwt. uuit - in .MflllirM I ynnn wna fi-sn nnx lit. . 51 51 32 hi 32',.j 22Vs 22. 27 , 27.. 10 10 33 i 33 U rennsilrunlu ('omu4n.v rhlla... WU. & ll'ilt. Atlantic Cltr I'.ler rvtnn. IIt. & l.lshilnr Sprlnillrld y, K l.t. Herantnn Trnetlon ( o. rorl Huron (raa A Kler. America n (las fompanr Portland Rr. I.t. I'r Herahey rhorolnio o. ft'a 1B31 4'a llrJI y mas W mm i' mjs-as G' 10.12 6'a m2B ' I0'!S ' I04'. ft' 10SO Samuel K. Phillips & Co. Uembr rhllwl-lntiln Stock r.irhunsr 307 nirXTNVT STIIKKT JHiOO 'j Am Oas S Klec 5s . n I-ib Ilnnds 3d P',s. i 4th 4-4. 1 Vi.' -I'liN. 7 Penna Co i'as 1 I'hila Co eons 5s. 1 Phila Kle.- 1st 5s. . 1 10 Welsbar'h Co Cs.. CH OS 05. 00.24 00.10 00.24 M1.80 SO. 70 K0.80 07.24 07.24 07.24- "osi, OS OS -774 77 '-4 771,4-- day's clost.', influenced somewhat by re newed weakness In stocks. The Xational Ginncrs' Association es timates the consumption of cotton by domestic mills during February at 388, 000 bales. The Census Bureau's report on consumption for January showed 'cable 300,270 bales used in that month. The statement for February will compare with 515,000 hales consumed in the cor responding month last year. Sat. Today claae 11. CO 11.04 12.60 t.70 12.70 FOREIGN EXCHANGE .New V exchange tntla"tr 4i iihAkf,HiA4 4bnM bTSa a ..' final at 3.90ft for demand and 3.01 for ln,"!i ? . Wentv actlvc cables. Francs -vero a point lower at 'mlustrl stocks gained 51 per cent on 7.08 for cables and 7.07 for checks. J.lrc oaturdaj. to 72.76, whtl twenty rall- cablM lost ft point at 3 69 for cables reads were up .16 uer cent ut bo e and 3.68ft for checks. , t t V ' cent at 69 Sb- Other quotations were The Pacifln Mali citoo,.,., Swiss cables 16.95, checks 16.92. gull- Issued Its a.muM 'rsUrt fSU?.0, vS! der cables 34.4B. checks 34.40; pesetas ended Deceniber.il slinwlni net ln.m. cabes 13.94, checks 13.93; Stockholm after charges and federa fa of fi " 11... ,":.;' "'-nn -i. -"."" ;i vii ...' ! a Biiar earned on tn 4i,ouu,ouo capital stock (par value is i ,76ta3Mdo,vl,h..net lnnte. of 11,776, 76t,r or 16.92 a share in the previous A tu. (C'obt Decwmher lanuir Hid opon 11. CO 11.93 12.48 12.07 M2S li noon 11.4(1 11.03 12.43 ,O0 .10! 834 83 &, 01 01 83V 01 - A Ctniartafr lloutt, tutU t out$, h alirm fffful in aitvuirtg cJtti MtnVttl of I hi .? ium'I ' r.Uctric i Gold Condi, TAy vtrtd , inttrtst. NEVVBURGERtHENDERSON &L0EB Mrmlrrt et Vnn Torli and Vhdadrlphin StocV F.ir.har.gct 1410 ClIKHTNfT ST. Public Service Corp. 7s, 1922 Lukens Iron & Steel 8$, 1940 B0ENNING, GARRISONS CO. HTOCK KXCHANOK UL'ILIJINn Dlr-t rrlrat Tclephoue tu New lark Members 1'MU. MIocU Hiehaoxa Gasoline Drop to 26c Wholesale Nw York. Jlarch 14. The Standard ill Co. of New York today reduced tho price of pasollne one cent a (ration, mak ing ho wholesale price 26 cen'n a gal lon BANK CLEARINGS llarx '.irlna today, compared w n, cor """" ',l", tW ffSf 1910 lnl,tr1iS.O-J4 lfll.Oil.Ui22 AS.R4.1 111 .17.771.004 f.S.27H,157 31.74S.IWO i.lll 878,704 0CII.042 H.11 S82.S04 020 13.001688 10 748.412 Phlla Iloltnn N. V ISdI'u FIVE DIE IN FIRE U. S. FA'TUN to (I). ! ID CHESTNUT HTS. BANKERS ffureeaiora to SMI. Kit A HTKVKNSON bond and Htmla tiombt sod aol on eommlaaloD lmhera I'hila. Htoek Kirhante Income Tax Returns A representative from the Internal lUvenue Ofllca Is here dally to help you prepare your Federal Tax Itetum. Union National Bank r "irNtr Arch Stmt Crottts TMrf Explosion Carries Firemen to Death ' in Big Richmond Blaze Hlelimoml, Va.. .March II. Hy A. I'. i Klve or known to be tlencl. two are missing and more thnn a scorn in jured, six of whom are In hospitals, as the result of one of the most destructive fires In this city in years. Four of the. five dead were members of tbc fire de partment. They were on the roof of a building ruljolnW the slx-story establishment of the. Charles (J. .Turgens' Furniture Co when a back draft caused an explo sion last night which blew out the wull betwan the two buildliics and crumpled the root oi ine uiijuiiiiiik iiuiiuuik inu ' ."- -..,.. -. .- ------ - --.- !ii (Wliters were thrown to the street i at-cut vo service in tins field of wor He. t?JS . iKihVnJS r ih rfpbVlH . Th!ftl received his oominUilon m national bodies, charred and, in some instances, Blmost unrecognisable iwere duf froai GRAIN MARKET Cliitaso, March M Iteporls mat the ltritlnh Commission had accepted all offers made over Sunday caused good buying of wheat at the start today, and the market was firmer. Among the pur chasers were eastern houses and ex porters. It was not indicated clearly how much the Ilritlsh had taken, but estimate put the quantity ut four or five rargoes. Some made the assertion tluit the Uritish purchases had been exaggerated and that the price paid was low. After the opening there were reces sions from the top, with nervousness in evidence over the economic siuiuuon and further declines In securities nnd March opened at $1.50 to fl.OOVO astainn ?l.fi0U at the end Saturday and later sold nt M.0O. May started at SI .il to SLSSj, compared with SI ,"01-. at the close Saturday, and later sold ut" $1,151. Corn was firmer in sympathy with 1 wheat and on prospects ot iigtiter re- I Mav was quoted at 09c to 00r;ic at I the otiUet. against 00c at the end Sat ' urdav. .Inly opened at THbc to 719s', I aRalnst 71 Vac at the end Saturday. I Offerings of oat were small, and the market was a Bhade hlsher 'l here were icpurts of a better demand for the cash "ft'01"- . ...w Mm opened ot liTs'1 to 43',sc, against 43c at the close Saturday, July started nt -He to 14ic and later told at Saturday's lust price of -Mc. Bank Examiner for Thirty Years William M Hardt, examiner for the Philadelphia Clearing House Assocla- ton, today completer tniri yearo con- hlBher at 14 V per cent. The discount on Canadian funds at Mow York was fractionally higher at 12, to 12i per otnt 9ATUnDA.r S PINAL, QUOTATIONS Hterllnr Pranta T.lri. fliilMr Dsmarid .... 3.60' 7.0H n.6S 84. JS 3.B0S 7.10 0.70 84.83 TODAY'S OPKNINU Qt'OTATIONH Rfarllntr Princ. T.Ipa nllrf. Demand . . . U.OOli 7.07 S.OSVi 84.40 Cabin 3 01 7 08 3.69 34.4S MONEY-LENDING RATES ni:w vonK Money on call, both c'ascs of collateral, opened today ut 7 per cent for lending and renewing. OhlClCr, Iln.1r1 nt !.... I- .. osJO1 ouUnc S EiT" t0,ald Paul -unorell. Jr.. formerlv with ??l Is "?-. aoc.1 id with1 trading department. W' '" ,l,wr B year bond I'HII.AUKI.P1UA Call, 0 per cent; tune, 6 per cent ; commercial paper, three, to six montlis, 6 per cent, (Note These are merely nominal quo tations, the legal rata of Interest m the state of Pennsylvania being fixed at 6 per cent. Plus premium and commis sion time money for thirty to ninety days Is loaned at 8 to 84 per cent, whllo commercial paper, from thren to six months Is being- offered at 8 to 8Vj per c.nt. ) Reserve Banks' Discount Rates Official rd!rnunt rafts at th twelve Keb aial Itrjtru banlia nra oa followa: Tra. Ub. Com'I Ilkit eira. Honda. Fap'r. Accpt. Bo-.ton New York Philadelphia Cleveland Ulclmond Atlanta. Chicago . B'.. !.oul Mlnnoap'.Ila Kanaaa Clt Dallas Ban Fruncuco H 1 1 n i) fi' n e .Vi s',i A 4 r. i s i s ri ti ii 7 n tu il o l,'A 1 i 7 fi . ii ii a n tDllcnunt rate correaponda with intareat rata tx)rne by corttneates pledxnd a a collat eral, with minimum of B per cent In tho eaan of Kanaaa City and B'i per cei.t In the cans nt Philadelphia. United States Treasury Certificates Ma'urinc Ir' late April ir., May 111. M .luni in. t .tune 18. July ir. Au. 1. t Hcpt. 15. Oct. IS, t Dec IS, Exempt n:y tAcreptable for pavmenl dun on date ot nu'.urlty. niih Hid 19'J1 :,'i 10O Kl'Jl r,i 1((l lo-.-t r,i ioo 1021 C lOOn ls-ji n'.i too 1021 ft ioo,, in2i i) ioo; 1021 n; ioo ioji. a iociA Auk Tleld 1O0A 4.87 10ilt A 2A 100,', S.2U IflO.V 11,20 100 S.20 100A C.20 JIMIVi V Goodrich Co reports for h endivl ).,.. i ... or ,"8 12.71 l.?sc 7-V --"."'. " Pf. ,';,: . V "cjjiocianon nut be a7Tn.iicraI Ux, wd write-off occa jloned by conversion of net assets of foreini subsidiary companies. "n "919 net proflta wero 17,304,813. phm a it--, l- .. DrMldV' -V".!.' "5".7?! '."" 10 th dVth1 iiv" "Vd lrbi?1 lis death of Anthony A Hirst Jesse 1-1 Hall waa el6ctedyto fill ho vacancy "ii .tl"utlonrd f d'reCt0,H ln ,l,e " "n" po'mfor iJX.J ' In 1919. ' aBalnBt Sll,272,703 LONDON STOCK MARKET Reenntl clnl.. A.it... . -. w. , a,,,y ntuve ana strona In 6pots Industrials Cheerful London, March 14 Securities on tha stock exchange were falrlv m.V" Vi8 day and tho marltets Allied Oil . .11 10 noon Oil . Vi IK lloaton Wyoming H II Carlb Syn Sa 51 Danny Oil . 1 Elk Haaln Pet S, RS Bnslneers Petrol ... 1 t Ourter Olllespla . . . 11H 11 S Int Petrol ... . . 14U 18'i Maracalbo Oil . ... Sft'A 22 Mexico Oil . .... IS IS Mountain Products SU S'i Noble H y, Omar Oil 3S 2 He d nock Oil S' S Kyan Conn "V. " Slmma Pet 74 61i Hkeliy Oil . AS OS Texon j ' Texas Paclfla coal rta .1 1 Un Texas Oil . . U 't Victoria Oil new . ... Y Oil 1, A MINING Alaaka Dr Columbia .... '' r, Atlanta 1 1 Ilelchr Dlvld" 4 4 Illr Iedge i - Ilooth .... r s float aV Mont 70 fi Caled Min 12 12 fandelarla M 1(1 16 Cona Va 74 t'i Cortex Blh r 7ft 68 Creaaon Hold In 1 Crrncent Mr-Namara .... 12 12 Dundee Ariz ( "i nmma. Silver . ... 2 2 Kurekn CroeUR IS 14 Eureka Hollv 1 IS Hold Cona S S Oold Deve! 2 2 Ooldflrld Flnrnnca 87 3f. Gold Silver Pick Oold Zone 23 22',i Great llend 3 2 Hecla Mining t .Vi Iron llloasom lft 1.1 Jumbo Bxter.alon 7 7 Knox Divide . 22 JO McNamar 14 14 .Macma 1SS 18i Marah Mlnlns S S Mother Lda OS 58 Mother Lode new S .' Ophlr Sliver S , S P.ax Cons 7S 7 Rochester Mines 7 7 .fan,' Tov 6 I Silver Klne Dlvlda 2 2 S Silver Lud A, f, Succeaa Min . . 4 St Croix S Vi Tonopah llelmom ... lft .1 , Tonopah Caah lloy 7 7 Tonopah Dlvldn IA 1 ri Tonop.h Uxtenjlon .... ) IS Tonopah-Jlm Butler ... is ir, Tonopah Midway . ., V.t I'i Tonopah Montana 9 H Tonopah Hetcue Eula . 19 ID V H Cont D L'nited Eaatern ... 2 2ri Victory 5 r. Wei Knd Con ... I 1 Whit. Capa .... 7 Wllbert s DONIH Allied Packers 61 . 51 id Amer Atrl Cham 7Via . fll' U7S Amrr Tel 61 1U22. . . HAS UOS Anaconda. 7s 1929. U.I n Can Nat Ilwy eq 7a 100'i lOO'i Oerro de Pasco Ss . . 10244 10ZS Copper Export 7a 11122 KxiS lOOVi Copper Kxpor'. 6 1928 ... 09 OTi CVppar Export 8a 1921. 09U 91H Copper Export 8a 125 . 99W 09 Empire Fuel Ca 1924 H3S SHS Oocdrich Tire 7a. . . HSV 88 S Orand Trunk 8'a l)6S 05S Oulf Oil 7a IMS IMS Helm Co 7 l'7S 07S Morrla 7Wa tilt; 98i Nat Cloak 8 .... HIS MS Ohio Cltlea 7a 1921 99S 99J Reara Ronbuck 7a 1922 9.1VI 03'; Sinclair 7Sa rms no'i Southwest Hell 7 liflS ); H O N Y 7h 1927 101 101 s o it r ii i93t iii.i io-'s Swibj C'-ia SIS SIS 1 .10 p nl IS 'H!. ins 3 1.1 OS 60S os ' .IS -"i III',, sS 11 IS . 1 SS 1 us 22s IS SS f "it IS 1 4 ." 70 12 IS 7S ". .JA 2" M? s 3 37 A 28 2 3!i IS 7 14 1SS 8 S3 S s 7S fl were stronp spots. Easier monev ronrlliinn. .5 .." ptctations of a reduction In the mini I .v... iciicwvu nunvnTic, in . - ,--....,, , I)Klund the ffllt-edireil H..ctlnn iTont-iauins was noted In the oil 1O0S from normal federal of n.r.O n.ss 100 A s.ss Income tax incornd tax iha ruins br their conwades. bank examiner on March 14, 1891, under Wllllim Wlndom as secretary of the treasury, and B. 8. Xacey as comptrolllr of the currenoy, no. was amwmica Liverpool Cotton Liverpool, March 14. Thera was a good Inquiry for fcpot cotton today, but prices weto ensler Mlddllnir was 6 881I, compaieil with 8.94rt last Friday, Sales wero 5000 hales. Receipts were 10,000 h-i tnrludlnir 800 bales American, flpot pricea were: Anieiican, mlddllnsr fair, 10,58di eood rnlddllnff 8.91d; fully mlddllni-. ,7,tdi m"AMng..e.tta; low ?r?UPi.i.lJp 8h0WC'1 " ""dei.oy to te act. Shell Transport was cm .nd 1Z. ican ur 8 1 Ms. Hesitation T was Tn evidence in Continental loans, and thev laclied leaxlersh p, pondlns furtner .Vrn fesslonal ilevo'.oprnents "ner pro. Dollar description were dull Home, rails were strong-, and Argentine raTlS also moved upward on dividend hones tnmSfSS. 't1 ",duM''lals was cheer ful Hudson s Uay was 6. Kaffirs wr well malntalneil. """ were Bank at Beaver, Pa Closed Plltabtarsli, P March 14 Th i.ir. National Uanl; of Deaw. I'aT 1 & VeS. closed by order of tho direct,' payments nuspended. Frederick wii. Sfn;,JCl0oBl?,n Ba,,a an examination of the liank's books shows Irregularities and that tho bank wa. closed f of an n! veatlfratlon to piotrct the ato:kholders. Tho bank has paid uu capital of JUo.onu oJid surplus of 150,000. Deposits amounted to 1468,490. BAR SILtStR LIVESTOCK QUOTATIONS Chlcato, March 14.- CATTLE Receipts, 22.000 head lleef ateera and butcliera' ahe atocl: alow, moatly 15c to 2Sc lower, quality a-ood. Putk beet ateera IS 8O10. IJullt fat cowa and helfera. HI'S 7.75: eannera and cutters, larsely BtI4 BO, bulla atady. built, IB.2590.25; calvea moti'y Sftc lower, veal era. moatly I1O.D0V11. alo-l.era and feeder ateady. IIOOS Iteralpt 48.00ft head Palrly ac tlve, moatly 10c to IBr h.icher than Satur day's BVerane. Top, til Ail urly; bu'k of 20.1 pounda down. I1104jti.4D, i,uu, J20 pounda up, 10.1S10K5- p!i mnit" 403 to one hither, bulk SO to 120 pound pirni. men 2.v SHEEP Receipts. 30.000 head Openln low, Iimba, 2Bc to .'.03 lowei , aheep atnadr Lninba, top, early 110.75 to ahlpprra' S' pound ahorn Iambi early. J9; bulk' fat wooled lamba. early IU.7S810 25 no aheep OFTEN a man wishes to set aside a certain fund, whether large or small, lest his family suffer should misfortune over take his business. He-can do this by an agreement, appointing a trust company as trustee for the fund and instructing it how to pay out the income and finally distribute the fund. He may retain the right to decide on investments during his life. Fidelity Trust Company 325 Chestnut Street 1431 Chestnut Street 6324 Woodland Avenue, West Philadelphia Capital $5,200,000 Surplus $16,000,000 Funds held in Trust more than $250,000,000 Exempt from All Federal Income Taxes and Surtaxes $500,000 City of Atlantic City, N. J. Direct Obligation 5 Gold Coupon or Registered Bonds Dated April I, 1921 Due April I, 1927 LEGAL INVESTMENT FOR SAVINGS BANKS AND TRUST FUNDS IN NEW YORK, NEW JERSEY, CONNECTICUT AND RHODE ISLAND. a and arc payable;, both principal and Interest at tht' Hanover National Bank, New York, N. Y. ATLANTIC CITY is the fourth largest city in New Jersey, with a population (1920 Census) of 50,682; and Assessed Valuation in 1920 of $125,734,904; and a Net Debt, including this issue, of $5,082,249. Legal opinion of Geo. S. Clay, Esq, of New York, N. Y. Price 101.50 and Aocrued Interest Yielding 5.70 IJrscrijittre Circular upon Request GEO.jB. .GIBBONS & COMPANY MUNICIPAL BONDS 40 WALL STREET NE.W YORK rittabunrh, tlini u - CATT1J5 Flo. calula. 1200 htnil H.hfr Steora, I10M 10.K0; hlfa. I7 7U,'T5. co7. !Ai'7.S0 Calvea. recalit. UOii rud. Htcady. top 14 1IOUS necalirta 7.100 had Sleadv to lowar. Htavlea, 10 SOPll. har yofWa anrt lllht. do 1J USfcl2 40. P'ss. $12 "bUBBI', AND '.AMU.S lleceipta, 2SO0 head. Hllhar Ton ahetp. 17 &y, i0D lamba, $11. SO. lCmt (lufTalu. Maich 11 CATTI.K--R. relpta, 2500 head. lenaraly, l.lttSflu hlher. Hhlpplnu lcra. 11HU0.7B, bulchera l8ftO.BOj yearllnira. mtfll, hdffra. () 8.CO. cowa. I2.B0O7.BI) bulla, l.r.Ottfl.BO atoeUera arid fetdr, ID.R(i(f7, frcah coa and aprlntara, alow. JSB8110 Ca.vaa re clntaL 23UO head fllf,!-, J.1C14 60 ' HOOS necelpta M.40O lioad Twenty flia centa to (lOo hiwar Ha;v, (11011 BO mixed, Jll.BO01l.7B. por:iei.' $11 7B12 lllht yorkrra and plgi, 1'J. i.iUihj, I9.B0O9: tat.. I5V0.B0. T ' Hllcr.J- Ainu ii:uiifi - Hrtalptn 1 head. Uteady Itmha. lOJnl b6 iinaa, nvi, wemera I7W7.00, ewei J'MJ .BO, mixed aheep. 6 7Bjf7 ' w I 000 Raw 8uflar Market Unchanged w Vork, March 14 - Tho raw nuifar markft continues quiet nnd unchanged on Ihe tjauls or 6.02c. duty paid. There were no sales reported on Saturday Tho importation of outside HUKara continues Thu arrivals on Baturday Included ll i 000 ba-8 Phlllpplne and SiiflO hai-H Ka'r. liumlnRoco to tho American Co, : s" uoi baes Philippines to the National Co B.000 bag. Philippines and 700 iSii San Domineers to tha Warnn r- 5.T i"i . .ffiLn? S. ArtiutUI. State of Pennsylvania 41 Per Cent Bonds Due August 1, 1923 Free of Pennsylvania State Tax Free of All Income Taxes Legal Investment for Trust Funds Price: 98.89 and Interest To Net S Per Cent Biddle & Henry 104 South Fifth Street The Information and alatiatica 'Onaind herein ha tie.n obtained from eourcea which we Wlleve lo be reliable Safety of Principal Our First Consideration. CITY OF PHILADELPHIA 3!z Bonds Maturing 1932 to net about 4.85 Maturing 1934 to not about 4.83fr HARRISON & CO. BANKERS I0G SOUTH FOURTH STREET PHILADELPHIA Members Sew York and Philadelphia Stock Exchanges LIBERTY BONDS Bounht and told (or curt it Stock Exchanae Prices. ISAAC STARR Jr. & GO. 16th A Saniom Sti Phil. llfmbm PMla. Stock Unhang and N. V. OoKon Kiehamo4 AM I YOUR MAN? Collrce men, eh II emlnrer, 2ft, Truv. rleil one eur Kiiniiw and i:uli imo rnra manuiirr 1'hllndrlpliln brnnrli Nnv Vork (oiiccrn, Ifralrra ruimecllon Willi Una munufacturliif- i-oniDiiny In tlllntr or tx jrutlve eaijjtUr.vvrrfrrably leadlnr In (oretin aUninfiat. Hpcaka French and (Irrnian, T.xtflleit mnoecllorn and ref- Attention "of Tax Payers Our staff of Tax ExperU prepared to assist you in the immediate and accurate prep arations of your income I1 : returns. GERARD TAX SERVICE CO., INC. 208 Nortjt American Wit Tlnhonui H'alnul SS) IN PHILADELPHIA w aaaneit iiri v'liHTf trtnorai d Pfraorialllif "' '' " , " ' ' ' J 1 'I I ll r" "nmc is rscimaicq SI DBlv r Him niiartaa, omen Offlro Open VnUl V V.,H, u K?3W,JWU. aaj-awtfuti...,. . ! nr ra2a
Significant historical Pennsylvania newspapers