ipm; ' W'm!nwJ'4
'I
Mi
m
KK
ira
r ?
tiiiwj
as!fl3S-tfiia
Mill
mmm mm
mM mi
1114
Mv 3A't ' wwn
Iiffi
W$tiW . "
fl-ft-fla
"'11
..'
I. ' p v
i" ,'
it , u w
'kmr
' i.U,
-V F Mi
.i l '.' :
i 11- ' (H
r ' tt.iwuM' vs i Fwn w
Hflfi
w m( ias? fjiS's
J'Sit t i kJM "i
sifil ml'
It. lilt i Wi'J if fft
i , ft - ., iM
' i i .if ',
', i s, 'i
v ' $T rl
; . y i
16
EVENING PUBLIC LEDGER--PHITABELPHIA, SATURDAY, MARCH 19, 19211
fflPilllMllllIIIIWIillWlEBimiliBlliran
gou !ttoto
that investors nrc ahowinfr a
preference for securities
which permit them to enjoy
as long ns possible the hi(?h
income return now prevailing.
In selecting bonds of long
mnturity the permanrnco of
the business invested in is of
prime hnpoitnncc.
Electric light and power
are universal necessities in
good times and bad.
Write for circular de
scriptive of ist-ucs carefully
selected and recommended
by us.
ferittfc afWxlnar - Cto.j
I.ST IIILISIII.II INSO
1422 SO. PENN SQ.
New York, Boston, Chicago
ravii '" Wiik. m i"1 1 m i ' n ji m i Twin iiniiranp i
FURTHER GAINS IN
LEADING
STOCKS
Week's Conflicting Elements
Tended to Increase Existing
Mental Confusion
Markets for
UNLISTED
SECURITIES
TXE invite inquiries
from Brinks, Invest
ment Firms. Institutions
and Individuals who have
orders in or desire quota
tions or other data on
Unlisted Stocks and
Bonds.
BANKERS
Memb' r Pln'n. S.of. Exchange
I nt. I Htli lllil;., riil!tr!ihtj
GRAIN
PROVISIONS COTTON
Our L1 nlv Lctttr irnt on Hetjuest
Hughes & Dier
Urmlxr
flprnco fi-13
l.t ... It . ..9 f....1..
illCUU IJUUIU Ul llitUf
' i
Philadelphia
New- YnrU, March 10. The we'k
clood with u Htroiig nml pcnerall
Iilsher stock market todnj. Most nil
th( nctlvn issues, with few exroptions,
leRlstcred furtlipr substantial (tains. The
steel, motor ami equipment shares were
especially strong, while a number of thn
pool spei laities were marked up with
1 j considerable vigor. Atlantic Gulf,
" j Mexican Petroleum and l'cnnsylvnnln
al.oweu tome heaviueis nt the outset.
The first named declining over two
points after a fractional higher open
Inc. while IVnmjlvnnla equaled jes-
tfrdn's. low mHrk. Most of the loss
in each instance was retrieved when the
St ncnil list tlevelopcd the strong up
wind trend. Trad ng lacked f-peeial
, fiaturt' ot interest in that the bulk ot
tlif dealings were made up of short cov
' i ring and prnlit-taking of the profes
I s'iniitl element. iepreenting mainly the
fmmliur 'leek-end e-.enlng opcrationfc of
tli room ern tinscu t
If the iitnio-plicro of gloom and
peMmiMii grows niueh thicker in the
mail.et uorld it will be necessary to
' "-iippl gns nuihks in order to afford a
safe conduct for the daily tranurtion
of business in the Wall street district.
MuiketvMse, things generally continued
to look might.! blu'. It might be. sup-
i posed to be a hopeless case nnd there h
'nc!cr going to be n bull market again.
Nor would one think there was any hot-
torn to the market but prices were
going to continue to go down und down
until the v. hole outfit on th,' stock ex-
rhnnge neruine a mere seinp of paper.
Wu u Wall strct. however, reaches
this stage of hjsttTi.'i melnncholin. it
I generally foreshadows ome radirul
I I arie in tlie temper of Market setiti-
mnt. It is a long accepted fact, all
street and its following is either over
"ntliusiusticullv optimistic or hysteric
ally pessimistic. The bluest spot on the
map today is Wall strcit. To guard
against toucestive chills one is com-
Ipflled to wear the heaviest kind of u
lur overcoat, mere ,s not a glimmer
Modern Banking Methods
In a Modern Banking House
Resources $10,000,000
Union National Bank
Mirr- A--'i w w ' i Third"
IN PHliaDKI.rHIA
NEW YORK STOCK EXCHANGE TRANSACTIONS
I'rntlurf JC!iliun
1' ill I. sink IlLlltlER
Pi!iiiirtli -iihm i.Mliaiu. I of hone an where, ever.! thing is sched-
1438 Vy'alnut Street , uled to go on eprcss-train schedule to
Km 1893 I 'i." ii'-mnmon now wows. ,ucii is not
tne cnv, on trie contrary, nisiory some
of these fine mornings is jiiKt going to
repeat itself, as It ever has since the
world began. I'ltlmately, this ,i hear
market w ill end as suddenly us did those
wild bull mo!cment prompted b the
inflation of the war.
The violent chance in the economic
situation have naturally produced I
wide-prcad perplexitv, even among tne
deep thinkfrs The foreigu political sit
uation furnishes an ugly background,
while the domestic situation with its
never-ending worries is uggruvated at
the moment bv the seriousness of the
railroad situation. Unless the labor
eh merit are so thick-skulled as to be
uunt.lt to analjze the world-wide
changed conditions, there is every rea
son for belie! ing the wage question,
which has been made out u terrifying
bugaboo will be uminibly and satisfac
toril adjusted. The overwhelming
iearishncss of the entire market com
munity has blinded ever) one to the
nrocress steadily made on the construe -
I the side of the pictuie. It is, of
couise, impossible to ti the date for
I the change in the aspect of the murket.
It will h'i sudden when It comes, ami
then the whole market contingent will
be as indifferent to the economic side of
the s tuntiun as the.! are now disposed
to mngmfv it be!ond ull sense of rea
son. It is not the time to inwte pessi
mism, but the time for cool heads and
cold calculation of the future.
H.L.SEWITH&CO.
INVESTMENT SECURITIES
1003 Land Title Bltlj. Sprue 6721-2
Moore, Svartz, Hindle & Clark
CCOUNTANTS
Income Tax Coit Syitcmi Auditi
Spruce ltll 111.1.1) IlllUHNG
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACC0U.NTAWT3
ion iik!i. i.-ivir, TULsr l.l.DI,.
XnvrttlEHtf nd Hdjut DArtoernhiu mai
Income Tit Ifrturiiti.
if
Philadelphia Markets
MAr-
'. s .' 1 1 bu If
a- ta 1 1 , in x-
1 '.tir, :i Ctlo 1 71
i.u - . $1 ')7 j 1 fl.'
ttfj ul tli U lo v.: s ii.letl-
e v, ht at .V un lr red
it iH N 'J
Wlir t i:
yl Hfla'M .
pnrt r ir -'
s r i wit
Jtr.r Bn,( n
ule of U'r untH
wlnur No S vh"at Jc ur'Jr N" 2. No 1
wheat 7c U'idcr Ni. 2 S" 3 h-at lie under
No 2. siaTp.f a.c." r: to qui .
rOlJN I r, ;,tt 1.1 '.' I I ul Qul't
and untnurr 1 v n-v , 'n export
nca'or ' j sit1.
.Otf t.i i i
3 s3r i j s ,i
OA r. H e Til
lut u- i r o .
v hit I'j ' ' . N
TLOt.lt - f...-iiH 2 04-t '.'77 b' In
ackfiv iMtutft iu.i at.d wont wuota
tlonti 1'or Ull lbs . rtt'l li. 140 b Juta
ti, kB Srft. wint r ft.ah-. Reftirn. la 2J
OS. 75, do do. rt.rb. 17 "5fis hird w mr
iralBiu is 70'iiU do. "hoi patent. 10 21
.50; sprlr.if (l-t i .ea-, Jtl75'B7. do yittfni
S 7SlJ.t .1. jo. ih'iri paler.; 11 lOJfu 75.
lancv aprlriB rri t ty mi .s patent, family
brandu J10 10'a io .'0 rt, n .ur tutt'J l).
I'KOV'ISIUNs wero me ,dj but quiet Tho
Quotations Jinl In sea un .ked and air
arled, 51r ttf knu k s urd ttnd rn nmol" J
ami alr-drld 6.o. r -rk fi-n.l, 113 '.ann
S. P. U'. ' , toa- ..4 ft- -a d j hk nr t
lo'e J. a .3 i) d i t k 1 . l''
konit b . ' t . .- is . i ictt -t j. i r
rf T u-oj is '1 s ok . 1
ttl.l'n m p' rtI-. lorfd, -u lr"atlj, t. i
IOl I trd l.i
Bl'TTEn f'm l' ' n ' 1 .- '
creanierj wan 'j 4.r fi .t t
I'resn, bcIkI i'K-d ihim . f ii
n.orinc. I7jij. '!. m t,
flrata 41T im. 4' fj 1" m- ,
34i39c i ,r r ii l.wer Met ,
choire ru rariy JT'-allt'e fa' n
StViMOs r ', ii ai 'rt i .St ' ,t
lancy ond V, t " f r f, - . no. .
KIHjB flirt! - . H.r f rU,
tlona . ur tli .t- in .- ,., ? , ,.
current revijt . . t rn - -i.s
SUiSO. . rti t iih .'stt.sj ! f, n r ?
lower aoutl mi ! .7 t . r, ,
candied trk. . ji .' i ij . i r.,., lo
Zuud 8- n 17,
CHF.I..S1. nu ii4il jhi .ii I We rjj t
New Yom, vh,, 11. -ri Unr tied .
1 J "" d ). fair t -, if ,rt ... n ' .
ent-y. ir'sn -'.'T.'3
LIGHT TRADING
iy LOCAL STOCKS
Ability of Pennsy Management
to Maintain Dividend
Much in Doubt
I'ennsjlvanm eontinued to hold fore
most attention of the brief station of
toduv's luial market. The stork wan
offered fret-lv m the tirt hour, cirryins
t'ie prue doun to !i.". uhieh !!as a shade
nbme the low mark made in the New
York market. Thero seemed to be con
uderable underlying bu!inB orders,
uhith served to peg the btock ut thla
fitrure.
The, spirited rise of over four points
in General Asphalt on limited transac
tions featured the dealings of the gen
eral local list. Although the trading was
of a tmall calibre the tone of the mar
ket was stronijer and the majority of the
prominent local storks scored fractional
ciins. Pew exceptions were found in
I'mi idelphia Hiipnl Trunsit nnd I'hila
t ell hn Klf trie preferred, both -hadin'
sligi ?'! on llRht sales
Must of the interest in the 'oeal mar
ket dunnir the uck penteied m I'eni-
jhaniu Itailrnnd. The diRtressinu spec-
Hales
20ft
100
MOO
non
1S00
(100
lot
too
200
zoo
000
.100
A 00
300
1100
900
3300
900
900
200
COO
800
1300
1800
300
0000
100
200
1100
ion
too
1803
300
100
100
as oo
300
.100
10(1
3700
(too
100
100
400
nuo
.100
400
ctoo
100
.100
9700
no
100
400
coo
100
100
loo
1100
339
1(10
1050
400
310
400
8S11
310
100
310
loo
ion
100
.1(1110
400 :
0S19
.100
110
100
GOO
10
olon
.-0
100
300
loo
(100
100
.100
1300
M4Vi
lno
300
CIV)
101
100
3501
300
100
1300
300
100
300
COO
3100
100
GOO
TOO
400
200
.00
100
100
400
100
1600
3700
100
3900
00
700
100
CW1
200
ly. Today' Nt
i Hlrh low Clona Clinf.
. Adams Express 38U ' 2H- V
Advance Ilumely pf . . 80 40 0 - 1J4
Allied Chcm & fye. . . 44(4 Mli rjJi Ji
7 Allied Chem & Dyo pt 69 88 89 -I-
Allls-Chnlmors 37 sc', SOU- V
Am Agrta Chem 81 40?i 80 1
1 Am Agrle Chem pf . . . 74 74 74
1 Am Bank Note t. A3'l 3?i 63?i V
Am Beet Sugar 43i 43 43 94
B Am Rosen Mnirncto. .. Mi MVi H4 'A
Am Can I9J, 39H 3014 H
13 Am Tar & Fdy m?i 1334 "M- '
so Am Drue Ryn U V 6U ..
Am Tilde & Leather.. 94 "Kb 14f H
Am Hide A Leather pf 47?4 474 1
Am Intermit Corp.... 4!14 43 43J4-T Yt
3 Am LlnBeed 43 48TS 3W
Am Loeomotlve 87 80H t7 Ji
Am Safety Razor ?J "H nXi
.. Am Ship & Com S'2 RU SW- I
Am Smelt & Itef 40H 40 40
7 Am Suffar Itef 11 04'4 44 W
lo Am Sumatra Tob 80(4 79 704- '
B Am Tel & Tel 100 100 100
13 Am Tobacco 114 115 US - g
7 Am Woolen 6'4 H4 ' 14
6 Am Zinc & Lead pf . . . 37 37 37 - (4
.. Anneonda Copper ... ssj-i 37J4 37?- H
c Atch Ton & Santa Ve. 81J4 Hi M
Ateh Top & S P pf... 78(4 ?8(' 78J4- 14
. Atlanta Blr & Atlantic 4 4 4
! Atl Outf A W I S S.. 3,"l4 .13 34-1
4 Atl Oulf & W I S S pf .11J4 31 31?4- H
i Awo Dry Goods 376 37s 3?H '
. Atlas Tack Corp 10 in 10 - M
7 Baldwin Locomotive . 881 74 S8' !4
.. Baltimore A Ohio.... 3 33 a3
Bethlehem Motors ... nii 3?S 3J "4
H Bethlehem Steel 89i pf 104 'i KHV2 104'4 !4
5 Bethlehem Steel B.... 47?j 47V4 47&S (4
.. nriMyn Bnpld Transit 14 13(4 14 4- H
.. Bruns Term 3T, 3"i 3J - 'i
10 Burns Bros 844 8SJ4 85Ji4- H
rndro Central O 4 n. 144 14 11 - '4
California Packing ... 494 B9?a 804
California 1'ctrolcum . 43 43 41 4- U
10 Canadian Pacific ....UStj m 11.1(4
.. Central Lenthcr 40J4 39 40H l(i
7 Central Leather pf... 80 86 80 - (4
3 Cerrode-Pasco 35 i 34(4 34 Ti .
10 Chandler Motors 804 70 80(4 4- "4
4 Chesapeake & Ohio... 49 484 40 1
. . "hi & V 111 Eq T ctf.s .1 3
. Chi & E 111 pf ctfs... 3 a 3 Vi
.. Chlcnco A Ot West.. 7?i 7(4 7(4- 4
. . Chicaeo Mil & St P. . . 25 35 35 (4
.. Chlcaco Mil & St P pf 37(4 37'i 37'4 .
n Chicago XorthweRtern C re tr, 1
Chi Pneumatic Tool.. 40o 4S'1 59"t- 3'5
. Chi n I A Pao 35(4 344 35$- i
0 Chi It I A Tac 6 pf 0t 0i 01 5-4
Chile Copper 10 10 10
Chlno Copper V0'4 10'2 20(4- !S
. Coca-Coln 21 14 21 'i SlVj ..
fl Columb Gns A Eleo. . 405 49'.. 49Tj-f- S
1 Col Oraphophono .... 7'8 04 7 !4
7 Col Oraphophone pf . . 3034 30 304 5U
: Consolidated Clpar .. 434 4J4 43(4 74
7 Consolidated Gas 834 83'4 83-?-
3 Consolidated Textiles. IB'4 19U 10'4-f U
7 Continental Can C1'4 01's Cl'j-f 3'
. Continental Candv ... 1'5 l's 1'4
Corn I'roducta Itef... 744 73"3 74"8-l- 4
30 Cosdeu & Co ?0'4 "9 30 - ij
8 Crucible Steel 01J-4 00'4 90(4- 'A
1 Cuban Amer Sujrar. . . 394 28'i 3s(4- 14
Cuban Pane Supar... 34(4 21 14 24',-r- 14
7 Cuban Cine Kucar pf. M'i lt.1'4 It.lWj I '4
Den!er & BiiGrpf.. 314 3'j 3U
10 n.iEtnmn Kodak C40 040 C40
n Kndlcotl-Johnson .... 63'j CO 03 -I 14
.- Erlo 1 ! 3 3 - (4
. Erie 1st pf 18 18 Is
.. Erie 3d pf 13 13 13 - (4
8 Eamous Players L. .. . fi7(4 C7'i i;7i$ 1
8 Famous Plajcrs pf... 3 82 U 83
.. Flsk Rubber 145 U?4 U75 r i
.. FYeeport Texas 1'4 H'i 1 ' h
.. Gaston Wme A Wis. . 1'4 " 1'2 ..
.. General A'-philt 63JJ .19 CiU-i- 3(-4
5 General A-Tihnlt pf. .. 99 01 99 1(j
8 Gtneral Electric 137 137 137 - U,
1 Generil Motors 13('4 I3'4 13'4 J- 4
fl Gen Motors deb 6.. 04j C4 T4
7 Gen Motors deb 7.. 75'i 75V4 75'4- 14
6 Goodrich B F 37 ,G4 37U- 4
.. Granby Consol M & M 19H 1!2 19-'- 14
4 Great North Ore ctfa. y'J 33 33
7 Great Northern pf 7434 4',4 "4(44- (4
4 Haskell A Batker Car 40-4 50 50 -'- 3
Ilendee ctfs 15 '4 1.1 1 2 15'u .
.. Homcttake Mining .. . 544 41(2 544 34
. Houpton OH r9'j 19 C9 f- i4
1 Hupp Motor Car UTa 14 H 14JJ j
60 Indlahoma Itef n .-,34 0 it
.. inspiration Con Cop.. 31, r..la.4 33&a ij
.. Interb Con Corp 81 4'R 5- 14
Inter Con Corp pf . . . 144 14 14 - 4
Internet Agrlcul . ... S2 9'2 9J.J y2
C Int Afrrlcul Corp pf . . . 4s 411J; h - i4
7 Int HarvesUr new .. 9s'8 SS ' a 08(4 J- 3'4
.. Int Mer Marino I.V4 i.Vj 1.1(4- U
0 Int Mer Marine pf. . .. 43Jj 51i2 53'4 t;
.. Internat Motortrjck.. 33(4 33(4 :tS(4 lt
.. International Nickel.. 15( Ijj; 15(4 (4
.. International Paper .. 5S(i 6Ji 48(4 ra
.. Invincible Oil Corp... 184 lH 184- '4
..Island Oil 14 4'2 4H ..
.. Jewel Tea 10U 9"a 10(4- s
. Kaiihas Cttj Southern 33" S24 324- l
8 Kaer A Co 6S OS Ch' - 1
4 Keil--Springfield Tiro. 0T" '404 40J4- (;
5 Kcnntcott Copper ... ls'8 is Is
Sules
3000
100
700
3800
100
300
300
300
0100
too
Dlv.
in
HlKh
Keystone T& It 14
0 Lackawanna Steel . . . 43(4
3 Leo Ilubber Tiro 35
2 Loerre Co 184
1 Loft Candy 9J4
.. Looso-Wllea Biscuit.. 30
7 Louisville & Nashville 100
May Dept Stores 80(4
12 Mexican Petroleum ..148
2 Miami Conner 1RIA
1100 i.eo Middle States Corp... 1.1
100 3 Mtdvulo Steel A Ord.. 30(4
100 .. Minn A st Louis now. 84
100 .. Missouri I'neinn Is
Missouri Paclflo pf. .. 30 H
4 Mulling Body 20(4
7 Nntlonal Biscuit 100
. National Con A Cablo 3J4
0 Nat Enam A Stnmp., 00
ivev con Copper 10
500
100
100
500
100
100
100
1000
fl N O Tex A Mex.
B New York Central..
100
200
3C00
400
900
300
100
400
100
700
100
4000
2500
100
100
11000
1.1500
3500
100
100
14000
300
300
700
1(10
'100
100
100
500
800
300
3500
30ft
3000
300
100
00 2. no New York Dock....
New York N 11 A H..
4 N Y Shipbuilding
7 Northern Pacific ....
7 Norfolk A Western...
.40 Okla Prod A Bcf
2 Orpheum Circuit ....
.. Ontario Sliver Mining
8 utis Elevator ....
.. Otis Steol
.. Paclflo Devel Corp
0 Pacific Gas & Elec
8(4
7091
33(4
10H
30(4
79(4
964
34
20
4(4
135
H4
13
47'
Paclflo Oil a.V4
0 Pnn-Amcr Petrol
c Pan-Amer B
.. Parish A Bingham..
3 Pennsylvania BR...
.. Penn Seaboard Stoel.
. . Peoples Gas Chicago.
.. Peoria A Eastern 11 ;
.. Pere Marquette 17(4
.. Plerec-Arrow Motor.. .114
.. .fierce uii
8 Pierce Oil pf
0 Pitts Coal
. . Pittsburgh A Y Va
6 Pitts A West Va nf .
4 Pub Scrv Corp of N J. 03
8 Pressed Steel Car.... 804
8 Punta Alcgro Sugar.. 48
4 Pure Oil 33(4
8 Pullman 100
4 Beading 084
.. Iteplo Steel 24 '-4
G Republic Iron A Steel. 08!'4
4 Republic Motors 19(4
jkeuuiiKiun iypownter zu
U(4
15(4
354
14(4
43(4
10(4
73Ji
no
25 "4
704
1000 c.to Royal Dutch N Y.
800
400
1300
100
1300
10O
100
5300
31011
100
1400
100
500
100
800
300
27400
100
COO
4 on
100
1400
3100
100
330
300
3300
100
. . St Louis San Fran...
. . St Louis Southwest...
.. Saxon Motor
. . Seaboard Air Line ....
8 Sears-Roebuck
. . Seneca cop Corp
. . Shattuck Arizona Corp
.. Sinclair Oil
0 Southern Paclflo
0 South Porto Rico Sug.
. . Southern Rail
5 Southern Hall nf
7 Standard Oil of N J pfl07!4
7 Stem Bros pf 104
4 Stewart Warner Speed 33 (j
. .1.114
034
21(4
274
84
a4
78
1,1 '4
84
23(4
-44
74
20 J
55
2 Stromberg Carb
7 Studebaker . . .
7 Studebaker pf
1 SubrnarJno Boat Corp
. . Superior Oil Corp. . . .
0 Superior Steel
Temtor Corn A F "A"
C Texas Co
Texas Co wairanta.
Texas Pac Itnd Trust337
9H
ot
8'4
8,
41
14
414
a
Texan A Pacific.
T.-xas A Pao C A O. ,
Third Avenuo
100 2.50 Times Square Supply.
Total ealee 131.400 nhar-8. compared wlui 7tl D0O abarea yeaurday.
3101)
500
100
1200
300
100
100
100
400
509
800
1300
3100
100
0100
200
131(111
.100
.IS 00
3700
100
300
300
300
300
200
230
300
(.00
40fl
10J
500
1100
2300
0 Tobacco Products
Transcontinental oil
5 Transue & Wms Steel
.. Union Oil
10 Union Pacific
4 Union Pacific pf
.. United Alloy Steel..
8 United Drug
United Fruit
.1 United Retail Stores.
u SC I P A Fdy....,
.-US Food Products.,
8 U S Ind Alcohol
. US Realty A Imp...,
BUS Ilubber
2 U S Smelt A Rcf . . . .
0 U S Steel
7 U S Steel pf
0 Utah Copper
4 Vanadium Corp ....
4 Va-Carollna Chcrn ..
Vlvaudou lno
.. Wabash
.. Wabash pf A
3 Webar A Hollbroner.
.. Wells Fargo Exprew
. . Western Marvland .
.. Western Paclflo
4 Westlnghouso BAM
.. Wheeling A LE
. White Oil Corp
4 White Motor
WlllyB-0!erland ....
0 Worthlngton Pump .,
214
2C.
18 (4
SJa
47TJ
(i
43
. 20':,
.118
. oO
. 32(.
. 9.1
.102
. CO
. 18J.J
. 23
. '0U
. 411
. '"1(4
. 304
"14
.110
. 40i
. 30
. 3314
. d4
. 7(4
. 19(i
11(4
61(4
9W
20
4H(4
8(4
1.1!4
404
74
50(4
Low
14(4
83(4
S3j
35(4
99 n
m
147(4
4
124
30(4
18
30(4
2(4
100
2(4
CO
9
;
70C
23(4
4
30(4
8(4
804
8(4
34 Vz
i(4
124(4
13(4
114
474
33(4
'14
4(4
14U
344
1.14
43(4
0J4
17l
20
IOC4
734
404
2594
704
113
804
47(4
33(4
104 Vi
CH
34(4
67(4
10(4
29
!3(4
21
274
8 (a
04
7754
li'A
324
74
74
204
45
107(4
104
314
34(4
CO
92
8(4
H''4
41
13(4
41i
414
235
214
2BJ4
1S!4
8j
47(4
8(4
42
ioy2
118
cn
37)4
93
101 Vx
494
I7B
224
(.9
40
704
30(4
81
1094
484
29!4
31(4
tt
7(4
19JA
11
00(4
9(4
20
48
84
1.1'
40
74
44
Today's Net
Close Cheo.
3'S
35 't
is 944-
84
38
100
80(4 -r 3(4
147(4- (4
18
13
30(4-
o4-
18 -
30 W
20(4
100
2(4-
co
9H ..
88(4 4- (4
70-r 4
33(4 H
16 - (4
30(4 0(4
J A
904 "?4
.US
30
tu
rn 13(4
13 474
33(4
li4 1(4
34 ('4- (4
14(4 1
43(4 T X
04 T yt
17C4 (4
314 2(4
10(4 ..
73"-
C0
284-
704
03
804-
47(4-
33(4-
(4
14
(4
(4
-:
2
14
134
H
n
v
11
104(4- 1(4
ti
(4
M
08 ?4
34(4
07(4
19(4
29
63!-
21(4
374
8(4
04
78
14(4
54
23
74(4
74 -304
65
104 1
32 A
3.1(4 1
0l4 Vi
03
8
8'- 14
41
14
411 .
415 t(4
337 - 3
314 (4
204- (4
18 (4 . .
84- (4
4714 (4
ny
43 y2
30
118 (4
no - y.
32(4
9,1 4
103
494
184
234
94
4C
71(4
30J4-
81(4 J-1094-
1NT4
30 33(4 4
0('4
7(4
0(4
11(4
01(4 1(4
0(4 ..
37 Ji
48(4 ..
8(4 ..
I.TV5 LJ
40 n f J4
74- (4
30(4 1
!4
l('a
!4
ii
(4
Commodity Markets j NEW YORK BANK STATEMENT
COTTON MARKET
Ne York, Mareh 10. The cotton
murket wu irregular ut the opening,
showing an uihanoe of 18 points to a
decline of 4 points. Trade was nRain
small. The South nnd New Orleans
sold. Wall btreet houses, that some
times act for spot Interests, bought.
The textile nev,s was unfavorab.e.
After the opening, prices eased to
about 8 points under last night's close.
The market later in the mot nine ruled
irreirulur, but with u bteady una. none
on bu! iiiir for Wnll street and commis
sion houw aceount, bui'd on n mure decrease of
optimi'iii' !i'W of the I'uropean iolit-' cl((jt nt t),
if nl ill nation anil atwnce or f-pnc pre-j
sure Ntutii
itener.il buvinz. however, was checked
..,t ,.t .u,o ir... n. ....t.wi i..., .. hv tin iKitir WiaractPr of doinfistie tex
' ta!orit almost tluih Miiltins h u nnv "I" report', and (arly in tlu M-yond
..!! -erie. t, niieiiMfv the mi-juini-s ul- hour pruet ruled about uneliuugcd from
I rdv felt as to tl aid uv of the man-1 the previous day s rlose und dull.
as-'i. ent tit maintain the present (! ptrl Prev 1 u
.... .1 ...:,in.i ...... ., .i.r. t.t-. -. t 1.
1 nil 111 iuhuu iai ,- un- nnir niiiin 11 ,,. 1 ri h
lies, ine eMrflllfli l'n 1. Vl't HI ullll'tl'V
1 lie raarKfi Miitif 01 1111 vorK tins
tuir, trr'U
Co. fr. jli
VSUr ,1,
nt fun-' ni d ,,, ,.
I.l 1. ! ir ri.i
ex. 0 tl r .1 I 11. 1
nmnll ..ill'' -
brolldrn 4 1 1 I . , u
imtt-ir. utet i
27yi o , r .b - .
C(j, duel -t w 1'
ors in 4 1.' j m ,,
i'b'n'l. 1 , 1
DHllsSLli 1 '1 it i ri'l
dry-pick., 1 I, x ,
kllil OMIT IP tt, e t r
It'll li '. II K II
we.irhli.k- V4 - in
!IW II l'
bbjp . Ji l , " . t
nuioc . 1 '
ireljhinit ' i ,1 i
clsT- '14 . 0j,i
Its. -1 J u . -chlclien,
w ,. r ., H
W"lgvllnK 4 ' 1
40C. wt.il.' 4 . '"1
rm. uiatF 1 . 1 1
41-1 Ibt . I , ,
weiitprn dr, p. 1 . bi 1
Splftn tiS'H ' . Ir . . 1 -
n-lealnit 1 '4 li -' , 1
ere, ntiarbj 11 1
4"4Hc rou it ur
4ft5 lba ml r
nearto ' 1. "" - 1
Kilo, i up n 1 y 1
tRo, wr fl 111. 7
t8c. tu 1 1 s at -fill
toln . 1 ''tl' 'I
60c old I' flit- im it ni
aouthirii -' 1 . v i '1
40c. Kltf v sr rn 'it; ft . I.
IiAlr. Jl'rn.f II . I -" I
nliit' of th
liulen n.altes it likeh n redue
tiun will he made. It U unfortunate
Unit tlielnnRdnitldiid ret ord of the eom
pnr.y ebnuhl be broken, but conditions
t. 1.1. 1. r n r.tiA l.altil 1. ,. ..a ll,,..u,n n n
t,. .. .. .. l.lll-il I.U ..,..- i.JI.IIJ I...,'- l',lv.,-i Ull-
u'j i.emri on to . . . ... , . .'
"-ii i.t nft-orns, h. a jot., i I art nt:y muKen tnii step unmoni'iijie.
'" ," riJ,:,i ' ,1,,u '"' it "ill mean hardships to a number "f
'.t ,.l 131c ir. i.u- mi I'' "J- ' , ...! 11 .-, v.. w; ,ii,-i.
f II
'I
I'l
t,
.I'.'l
u)t' is fun.
' . in u 11, 1
'li S - 4"
I I". liilv. .
J-l I'l. ,J.
i I' V
' ft a1 ('...
r ' 4 H I . I.
r.. 1 . h "1
- i -
'37
V
I I 4 Is
i.l '..ler,
) -i
i-rnir .1
Jj.S
Ul tol.er .
riprfimtor.
Jar 1 .ry
htst! 11
I i"- i.en ilisn Liw ' '
II In 11 : II 18 II 1. Ill
11 HI 11 IV, 11 7S 11 .IS 11 7. 71
li I.' 1. U K' .'1 1-' 'l-l 1J '"'lis
13 Ml U '" U Ul 1.' ."5 1.' rt',
1.' si) l'J J U UJ 12 bU U 'tJ
13 S3 1.' Itl) . . .
ke-
'1 li
1 r .
1
1 1
n
111
I It
It 1 I
.11- li.1,
1 ! m Ir 11 i- 1
1 1 1 (I tli I , ,.
i.e. . , .,
1 11 .hi. 11
'. Ill U ID
I 1 I
HI. II s s 1 4 Mb,
I lnirf t .1
'.stl' ,o li.
f. 1 . n. I IMt
ni 1 -t 1 .1
(mi J7 11
St, UJ.
1 .
1111
tfb'i
ji
j.ir
BAR SILVER
Pomeftlo bur ftllvrr !!u, tinchiuuted In
New YorK today ut tiu'jc, roieltoi
6740. up 'jc In I ' ndon thu price was
A IHBher, nt OJ'.d
Trade Quiet on Paris Bourse
1'arU, Mar. U 1j - rru'linr wan ulet
on the Hourun today Threo per cent
rentes. C8fr 15c; exchanue on London,
66fr 4So; ' per cent loan, 83fr 95c. Tbo
tioimr was (juotea ut iur 434a
1 led. "t T some romforl may be derived
' in jenerul undcrvtaiidlns that rondi-
) tioris responsible foi the reduecd dui-
(it nd un in.'' temmiriirv und ran and
I will be sp,,,ij adjusted. About thel
1 n.j other development of interest nusi
I tl f'ele. t 1 n of diiei'tors of the I'hilnde.
idiiii llapnl Transit, whieli tcsulteij in 1
I Kivini; the Mitten nioiiap''ni"nt unliam-1
J n r tl tontrtj of th opt ration of that
ipinpert! The harldni; and fillinjl
, iiimi'linl 01 pn es 111 tlie (,'enerill list
'is hi 1 't sicnill'Mm e Ileeatise of the
' vimied titiet'iiainlies i-onfronting the
hniiut ml world theie remain the same
1 un" l'inr;ne .in I iti f-ome instanrs an
inaiii il 10 take any deenlcil stimd
LIVESTOCK QUOTATIONS
I llk'iro 'tar. h 10 - IKj'jH IfrtllT.tii'tj r
mi .t'l"" )'1 l'f 1 'Vr 12 772 h4
I ik-'H blfl liK' t lu"-rm n'Hrie 2"lH0c
1. Khtr utih -iKnly 1 ' Ii.Kti vry Imht
IS'I list IGIPK i"l oinrs nit IHKintf li- Ur I
I tnhrr tltttl '"' 111" 1 nvnraef lll.J
ua I fir Mg-nt qittlliv inuntit Kcnil
. Alllh l'iitit 1 r-.lni iniii, (a,
Kllhl.I Katlmat"! r " j.'a (iiKiO titt,l
rlttslturdi. "lar'h in ll'ia.s Jc lotR
l'.liO h h 1 llntnsr II, i I, 10ffli'7i
h. . y .uiKr. Iluht ycrl.cra jn.j pl, m 7
1s 1 1 -r'
hill i:t" !M I.M1HS -P.. ci,tj (00 hta.i
HII11 II l ui ii-u .111, itii nuntjll III
I .II.VI.3 iini o J 11U.
IIO.'iO
rilady. Top
1at llufful". li , Mrh 19. CTri.n
- Ilrelpts l'."i hfad About atad r n voa
rt Ititu 300 head 1 hlal or If.WlBfO
M m,s rie'-elpta nseo had -, 1, to
h fct r Hftt!y(, IJO i' JI mixel 11
11 T, iwktrj 111 r.0'ill2 ljh m ai 1
! l3f 1- 80. ruuxr- jsr.08s7i iJk,'
f(ifj7
HUBBI AND ,IA..MI1H Iteoelrta, 2000
head. Lambe. 25c hlehar, Umb, m
10 60s ?.. i'0.0: m-J'nw. . "8.BOi
wetnvra. auikf 1 w t.w.i uuca
r jaO0.50,Kn
GRAIN MARKET
(hiraKo, Manh 10. New low wurk
for tie prest-nt rno!Ctnent dowiUMird
t re .'staiblislied in uhcat at the opening
thii inorniiis' under fair'.! ueneral nell
ing. On the decline, restlnR orders to
1, ij were n at lied, the esc iltinn of
vhieh, ft'etlier with soine covering hj
-hurt", ti" U th.' siirphiH out of the pit
The pr'.spet in that some action ininht
he taken bj the rulminlstration to re
heve farmers had a f.i!orable intluence
t n sentiment.
Manh opened ,."' lower, nt SI!"',
nml receded to .) ."iH1. Maj openid nt
SI 1.1 to SI II, Jfc'iiinst SI. 1.1 nt the
closi- vesterduj .
Trade in torn was lisht and mixed.
After fin nier start, the market ral
liid ItestiiiK urd'rs ubsnrbed the of.
ferniKS.
Mil j started at tl"VHc to (I7e, nftinsi
fiT'ji at the close jenteltl.'H. Ji.h
was" quoted ut 70'i,f to S0t at the
stint, ueoinst TOc at the end yrster-
l.ij , ,
Oats were quilt, with little change m
prices Ma! opened ut llfMC to 4I'Ac
iigaiiist 41 -V" at the end yenterdn
,lu! Ktarted ut l-'t'ic to rt',c. iiKiiin-t
i:i'vc ut the end Cdtcrdii, and later
s,,ld at 1'sc.
United States Treaoury Certificates
Msturlni
riatu
April In.
Mav 16.
,Tun i"
t in'ia
In
AUK
ht.pt
tic'
t n"
15
U,
1
in
1"
1B.
11121.
nisi.
11)21,
lh21
lO.'l
1021
l'Ul
1021
1021.
Int.
. 5
. r,
n
.
1
f
n 1
lou
101)
11.0
I 01 J.
100
ion .
Uirii,
1011
inoA
Attk Yield
10,0,1, I li.!
H'O.'. ,', JO
HlJ'i, fi 30
ioc. r, 20
1 II t. ' .'.
1'KI -, - 'li
ID'1, ' .
loo r, ,io
100 A, 5 S'
auwp, I
llxemot from normal fulcra! income tax
.nl.
V"i.' .-t,- M ....... .. I .-
TACcepinoio lur wiiwii, v. iuvvuia a
is on cata ot maturity.
Excess Reserve Reduced to $3,440,
030 Expansion In Loans
The excels rt serve of the New York
Clearing Homo institutions was ro
duccd to ..'(, 1 10,a'0 this week. The
statement reflected the unusually heavy
financial operations attending tho in
come tax payments. This whb Indi
cated In tio eipan-ion of $33,120,000
In loans and discounts and the con
trasting contraction in demand deposits
of $!7,!71,000. The reduction of liabil-
ities at tho tame time was offset by u
.?.'tl,!),ri(t,000 in reserve
I'edernl Itcser!e IJnnU.
This resulted in .1 nduetiun of $31,
liliJ.OOO iii the cxccbs reserve, leaving
un actual s-urplus over legal require
ments as Mated above.
Detuilw follow:
Philadelphia Stocks
Not
clik-u.
cn
fl7 r:if.o- iar tr.i,' .i-!- '
l00tUrool(!vn,Ileh U,w f''
Hup Tr. 13VJ VAK.
ri
'hila Ins
isoirco'51 6ni B1-
cum pf.. 3314
4-11 I'hila Elec 12
30 do pref.. 27'i
120 I'hila UT 17
33 A
22 ?5
-!7ii
10 a?
OS
22 jj
1i
AVKRAOC
This weiK
Sl( 02S 4J0
M4.n',2,0Oll
llkt t,k
310 720 gild
Rll.llRS.UOO
1.1)0,1,314.000 I.UCi.&ai.OOO
70.0t000 81.8S7.000
4!i7,lS0.OO 403,730.000
",SS1 000
9. SOI. 000
8.007,000
Hxr, si r-rs
Ani;rrni res
L. ns, . 10.
.ah in va'ilts
a mmiwr i,
II' ser in int-ni-b
r banks and
rn-fr! banks
Iltsrivo In atatn
tuiiKa ard trust
1 u npiulca
It. inn In btatn
ti : h and trum
tompany dpna
r tru-t
N" tUinand dt-
i"s -a . ...3.77t.3hl,noo:i,70.8"0,000
rm t iMmilia . . 2j,j 7211.0011 2ail.074.000
ri ul u. un 31.N3j,I0U
I s apo.ia
dodusted . 103, SCO. 000
ACTt'AI.
Kx i raoro . 1.1.410 030
AKhnsale rea .. 4Utl.O43.00ii
1. unw, hi.' , ,
CiiNh in laulla
U mlnlKi bKtl.
it' sirva In mem
bfr lurkn and
rinerMi 1 mVa
r..htr!o 11 ictu
lunke a in truit
eontijnit-a
IUat.r!e In Mat,
bar.lm and trust
t on pany di-pt 1
Iti-lfa
Set dtmand d'j-
imitlts . .-3. 740.420.000 3.707.001, 000
fini tleposlts iStl.725.000 231.537,000
111 -iituun ol.UUbiUOiJ
l' deirfjHlta
duluiled . . 102.403,000
Loans nnj In-
v mmwu liO" 740 7on
'it'i 1
f urrenoy and
lurk i.otea
6.040,000
SO. 810, 000
an.o74.ooo
31,(133,00(1
20 02I.UOO
134.083 030
H:.miri.(ioo
4,051. 027. 000 0,018,007,000
8 060.000 80,012,000
481,070.000 me. 028.000
dus on 1
Iisposlts 1 t li
the 1 eunral Ito
ro barIt of
.New Yurk . .
1 'ai dopoHlta .
I tpoalta, e I I m
inatluK amounts
duo from ro
a 0 r v 0 Ueponl
tarlea and from
otl.er banks and
trust Loinpanl-i
In Now Vnrk
city, (xchanu't
and deposits by
t nltoj Mutes
li 0 v n r n mnt
proietds of sals
uf bonds ....
Keservo on rift
poslta I'erccnt. of rei.
I)tcraie.
8 S31.000
0.004.000
(1. MO, 600
10.776.000
8.707.000
0,042,000
34.CJ8.OO0
10,022.000
10 851, .100
..'.10,700
fit 811,000
010.7IH UOO
1.033,400
s 120 .iro
11,1115,500
571,881,100
107,003,200
r 21.6
4.430,000
3,711,7W.
8
27i,i it
OS lo
1V,..
3114. 1;
li. -T- i'.
Not
liltr eadinu. liK
lOOTonoMin 1"',
30 I 'n Trne. 31 1 J
:i." v a 1... .!.- "
loWPJiZi 5e7ra';-ar"' "mp"cd wl
M rsrWXcWZX u
ti..n7. HIINDS
i m ro ni'c,, t n
i .im Gas &
in IrS"";- fi0 r -2
lfi "4 Lib Honda
, ,;?th.'i,B" 87.21 S7.22S7.22-f. 30
u (M'j OOVj (jou,,.
terda"' ,1T,10' eompared with J80.100 efl.
RAILROAD EARNINGS
ANADIAN' l'ACinc
Skron ...... s, ..".-!... Int-rfas.1
vVm 1 ;,."!""" ii J. "! ,',J" a l 100
-.-... wn..u,,, .... ua ittj uuil
33 IHJ 000
KRIi: ItAIIJlUAD
Quartfr ended Dmr-r 31
"" J32 S02 Hill
Dotlflt after taxtu.... 711 121
Tutal inconv) . . 3,811'; r.3
Hurplu. lifter charuea 403,831
Uecrtano.
Jib U00
JS 303 117
J 130,875
3 R'lB 37(1
3,837 51'J
NEW YORK COFFEE MARKET
New Yorli, .March 1!). f'overlng by
trade Interests nnd home fresh huvinc
raubed nn Initial gain of 18 to 21 points
in coffee futures ut tho opening today.
May sold ut fi 80, July nt 0,20 and Sep
tember ut G.50.
Privnte advices that Santos termitml
market hnd udvaneed were confirmed
I1'niitt.t0lyCr.nftCr. ''i",0"11' nn "P-"
of .100 to S00 rels being noted. This
news, together with smaller receipts nt
primary points, htimulatvd the demund
here.
Urazll hns recently been mnkine n
hhow of btrength nml. owing to the
very low prices of futures here, it uuh
cafey to advance prices this morning on
11 moderate demand, there being little
or no selling pressure in evidence.
Shorts seemed to he anxious to cover
and there was sufficient scattered out
side demand for contraeta to carry prices
30 to 32 points not higher at 11 o'clock'
Open
Yf at
Illeb Loir Clous i'l,,-.
January flaiw.'ft una
Mareh 11,71078 B 84
April ;va: . r' MM 8.1 fl 40
May BSO0B1 0 10 B73 5!Mir- Ban
June , fl Idfjpl 7 a 70
juiy 0.I8S20 0.31 0 18 oa-sia,, fin"
Auiuat.... .-I ? fl.SBWBO fl.17
Heptembflr. B.BIOBB 8.85 0.81 fl 74M7S 8 30
October , .,,, 0.87W88 fl 4n
NovetnUr.. .... .. .... .... I.OOSJoi 8.83
Dacombsr,. 4.09 . 7.10 .S 7. 12 W 18 0.70
New York Bonds
tSALKS IN 11000
Am Smtlt'e AiOane'l Kleo 0a. II
1.... 101
dove't I It 8i
HafK Sa
2 77H
2 77i
1 774
Amn T ft T Ba
1 61U
1 81Vi
2 81U
Amn T 4 T Oi
1 07
1 07
3 07V4
Arit'a llop'o Ba
1 00
4 70
Armour 44 a
B 80
Atch Topeka &
S'n. l'o aj
2 09
Atcli Topeka ft
S'a Fe 4s
8 77W
B .... 774
B 77'4
Atlantic ltcf'f
ct O'ja
10 00'
0 00i
Halt & Ohio cv
2 00
1 00J
10 04
1 00
II & Ohio :ivs
1 81i
3 82
Halt ft Ohio As
1 fl?".
1 07"
D s O 1' 1 li
& W Va 4s
4 034
1 .... C34
a oh 14
Hell T 7 rets
1.... 102i
B ... 1024
4 ... 1024
3 ... 1021,
Ukn-IMl Co B,
1 78"i
Canadian Nt'D
Hlyn rcta
6.... 101 1;
B ... lOUi
1.. . 101W
3.... 101
Ctl Leather Ba
32 .... 00'i
Ct I 1'aclflc 1st
2 ... 721
Ct'l 1 8 L li
1 . .. 00 Vi
Ch'l: A. O 4 Via
a. , 7B4
C'l 4 O cv Si
2 82U
Chi U ft Q 4a
3 074
1 .... 074
B 07"
Cbl & Urie lt
1 77
Chlcairo Mil &
St V 4a 21
1 7414
Chlraico Mil it
Stl" cv .ma
2 . .. OH
7 . .. 834
Chicago Mil A
Stl' fd 4 4h
2 C0"4
Chicago Mil ii
Stl' cm 1V4h
1 .... 74-
Chlcaro Mil
at 1 cv Ba
B 03
Chlcairo & Nth
W'n OH a wl
1..
1..
0..
081
8ST4
08 U
09
00
084
1
4,. ...
20
tl Swlu'd rcta
6.... J02 i
1.... 1UZK
2.... 1021
G.... 102'i
nd Trunk rrja
3.... 102U
1.... 102
a Nth niy lit
1 80 '4
Harlem 3 '4s
B 70
Hud & Man fd
19 04 '4
2 01 H
1 044
Hud & Man tn
1..
G..
G..
1..
0..
10..
1..
37
381
38 S
36 'i
88 K
36 1
36!;
1.
B...
0...
0...
1...
1...
00
094
ti;
094
00'i
09
00 S
9"4
2 tifl'i
Chicago i. Nth
Wcat'n 7a
1.... 101
Chicago Union
Sta'n 8a ivl
10.
100!1
1O0 it
100'i
lOOH
100H
100 ;
B
1....
3....
B
tl....
13.. .
Chi IWIli
1... . SO",
City Uorr.o Ha
G 014
2 05
3 tifife
1 .. . 00
City Ilord'ic its
1 71V
Cty Chrla'o. 1
2 P3Vi
1 05Vj
1 W.'j
City Mara'a f).i;
1 74i
City I'arls Cs
1 0QH
4 U'3'4
1 ... 0fl
III Con' I 4s '83
B 70-4
Ills C-ntl GV4S;
1 flO'-i
Ills Steel 1'4
1 81V4
1 814
0 62
1 81U
Intboro II T fd
B 04 H
B BIH
G B4'4
3 G44
1 Cm
I M Marino 0s
1 78V4
1 79!i
Jap Oovo't 1st
1 82 Vi
0 82 Vi
8 82 V.
Jap Oovo't 2d
14 82 t
1 82',
1 82Vi
Jap do!'t 4 a
4 04
20...,. 04
20 01
Kan O Ft a '
Memp 4s
1 044
Kan C ft 8 3a
1 'SH
1 B34
1 BS
7 "5'i
Ivan C & B 5s
1 iM
KCT Illy 4a
1 Tl't
K licldum Os
1 00V4
.I.....' DO',
fi 01
1 oow
1. liclg'm 7 Hi
1.
1....
tl.,..
1...
20...;
1....
1....
3....
1.
DOS
HO.
00 '4
.00 '4
00
oov;
OO'l
064
00V4
I" llelg'm rets
074
074
074
07 "4
17H
07 i
074
liS
I7Ti
08
08
98'i
03
1....
1....
&....
10....
G....
28....
1....
11....
3....
2....
1....
Kingdom Den,
mark ct 8b
1..
1..
08 V4
1184
!8'4
08 li
08
08j
OS 'A
08",
2 08H
IC of Italy fl',
1 81
Kingdom Nor
way ct 8s
0.. ..
l!!'!'.
1
0
1.
4
1
G.
b'.
L, n
1.
1...
00 'J
C Zurich rcta
1 051i
Cona'd Oan 7a
1 DOS
1 .... 09-4
Cuban Amer'n
UBar 8s wl
G ... 100'4
Cuban C B cv
10 .. . 83 14
Denmark Con N Y Cent'l Ca
om,4
.. 100
. . 0a,
... t)lH
... oa1-;
... 09'4
4. W lsi
... 70
Lako Uhore M
H'n 4s '23
a .... 34
1 81
Lorlllard C Bs
2 .... 83,
Lou & Nash 4s!
3. ... 8214
Mo IC t T 4s
1 B8V4
Mont' a Pwr Ba
1 83;
1 834
N V Cent'l 4a
0 . 08Vj
ct A 8s
2 0714
a 074
2 07
1 07
Denmark Con
ct II 8s
2 07V4
0 07U
2 07 V4
8 67i
10 07Vi
Do Con Bs '21
2 004
D Can G'i '21
G 001,
Do Canada "M
1 .. . 02'
G . .80
2. .. 80
1 .. SO
Now York C'l
7h rcta
10.... 100",
1.... 101
New Yk Dk 4 s
1 66 V4
N Yk Light 11
ft Pwr Da
1 82 Vi
1 83
1 82
New Y N It ft
llart'd On
B 61Vi
1 .... 11114
2 . . 02 N Y Ilwya 4s
1.. .. 02i G... . 1
1 . 02'; N Y Itlt ct 4s
1 ... 03 I t, . .. 1814
Do Canada '20'N Y Telo 4',as
07
G 07
1 07
2 904
No'n Paelflc 3s
10 B4i
No'n I'aclle 4s
10 70 Vi
Nn ro ov 4 s
1 7844
fa n gm 4V4s
1 78 Vi
1 78H
G 78 Vi
Ponna n tl .la
1
4
4
864
80 V4
80U
Pa, n 0V4b wi
08H
08 V.
OSH
84
08 Vi
084
08 v;
a
3
2..
1..
2..
1..
1..
Penna 11 II 7s
G.... 101
1.... 101W
Pert) Marqt 4s
1 05 U
Pero Marqt Gs
1 81W
Phil County nv
4 02 v;
1 02
Reading Ily 4s
G SO'i
B 81 Vi
It Chile 8s wl
14 09
14 09
10 00
Ilep'o C Ss '14
G 78V4
B 784
6il't Kan C
S L 4'4s
a 01
Bt I. I Mt ft S
II ft O dv 4s
1 07-i
St L, ft 8 K aj
3 65
3 6B
St I. A S F In
6 47
St L. ft U I'ran
Bcrlea A
1 004
G O0-,
G 60S
St L & B I'ran
Series Ii
1 78i
2 73"i
Bt L, ft H Fran
Series C
2 80
2 86
1 86
St I. Sow'n cn
1 62
St I. oWn lBt
3 06
St It Sow'n Gs
2 03
St I"l ft Sioux
city 7o
4 044
Seab'd A L, nj
1 33
1 33
Seab'd A I. fd
4 37i;
Seab'd Al.01
1 47;
1 471.
8 47'i
S'n IlollTel 3s
8 81'.
Bo'n Pacific fd
1 76V1
10.. .. 76U
S'n Pao cv 4s
4 7BV4
So'n Pacific Bb
3 624
S'n Ilallw's Ga
B 81
Standard Mill
ing Co Ss
1 87V4
Stand'd Oil nf
Calf rets
2.... 101
1 102
Third Avo aj
1 314
7 31',
Tidewater Oil
Co Ct 0V4-
3 054
2 06
20.. .. 03.
Union Pao 4s
11 son;
1 80',
3 80
Union Pao 0s
0 P
12 00l
2 . .. 08V,
2 .... P9'
U K of a lirll
ft I'd 1H21
1 oov;
2 oov;
10 oov.
1 oow
2 09 6
U K of CI Drlt
ft I'd 1022
2 04
2 04
20 04 '4
U K of Q Drlt
ft I'd 1020
G 89
10 88'i
U IC of Q Drtl
ft I'd 1037
7...
1...
3...
1 ..
1 ..
1..
83
86
8GVi
854
80
88
1 . . 03'4
Do Canada '31
1... . 88M,
Dim Light Us
3.. .. 00
2 . . . 80 14
L'rlu Onl I. Inn
1.... 414
Kria It It cv li.
1 37
Erie II n ov D
10 40Vi
Erlo Ry Co 4s
1 .... B3
7 G2
80
Nils & it r,it
1 404
N'k ft W d 4
1
iNorth Western
Hell Tel 7
2 07
Ut'd Xl'ds Han
r eqet 4s
1 33
V B It-alty ft
Impv't 0 a
1 814
U S nubb'r Gs
1 78H
U'd 8 Steel .is
IB 0SH
2 054
Utah P ft 4 Be
1 77Vi
1 77VI
1. ... 77V4
V.'Va C C'l 74
1 ... 03
1 03Vi
Va Ilullw'a Gs
1 82'i
2 82Vi
O CO
West'n Md 4s
1 G3
W ft H Mfg 7a
084
004
07
06 T4
97
07
07
08
G8.
1..
1..
1..
1..
1..
09
08
HO
00
09
09
08
00
Total 1. 100,000,
000 iesterduy.
Liberty 3Vj
Liberty LM U ...
Liberty Ht -IVis..
Liberty 'M -1 Vi . .
Liberty 3d 44b. .
Liberty -I'll d',s..
Vie Notes 3?1h. . .
Vie Nott-) 4-)is...
compared with 17,425,.
High
'.HW2
87.00
87.30
87.10
U0.IM
87.'Jtl
117. L'O
7.L1
0O.3S
87.00
87.'
80.0L!
IX). 1L!
87. II!
07.1(1
H7.10
Clos
JKM5-J
87.00
87.30
80.01
00,'JO
87. M
07.10
07.12
Raw 8urjar Market Steady
New York, March 19. Tlio raw HUcar
market contlnuea ntwuly. The Cuban
auKar commlttoo today gold 0000 tons
Cubaa to United Stnte.s reflnerit at GVic
cost und frolKht, ciiuai to u 27c, duty
paid. Tho committee late, !enterd,iy
bold to United States refiners 7000 tona
Cuban rawii for nhlimient during; March
April ut 5 Vic, cost and freight, firiual to
0 27c duty paid. Tho Warner Co. pur
chased 1000 tons Iluytlans for sh'ii
ment last half of March and firm hulf
ot April at G.OtDo, c 1, f. Tho Ioc.il re
lUied market hi unchanged.
Reserve Banks' Discount Rates
OfflMal rediicount rates at the twelve Fed.
E-ss. mv. i vwstitD a(n urn IUUW"
ircau, iIli,
. ens
TIORtotS f.4
Naw vonc n
ffftfl-l'l nira
Ilonds Paper Accept.
.1 m .. '
Philadelphia .
Cleveland ....
ttlchmond ...
Atlanta.
Chlcauo
SI Louis ...
Mlnneauolla ,,
KanaaH City
Dallas . .
Bap Pranclsco
.TH
. 6
. 0
. 6
. II
. II
. 54
til
ft
a
11
8'
6
s
B.
II
ll
8
6
f Discount rate corresponds with Inter. .1
rata borne by certMcates pledged as coll.!:
raj. with minimum of G per "nt ln "he cm.
INDEPENDENT OILS
LEAD N
IDE CURB
Trado Quiet, but Mo3t Price
Changes Aro to Highor
Figures
New York, March 10.- The trading
on the Broad street curb was of a
qtilet character, but a generally linn
tone vas shown and tho moderate
changer) were In nearly nil case to
higher figures. Independent oils were
the moat prominent features, the oh
sumpllon being that leading refiners and
distiibutors were quietly in the market
to buy up stocks of producing com
panies. Mnracnibo was the most active fea
ture in this group, moving up from 24
to 21'0 on fairly large trading. Tcxa&
Co. rights were In increased demand
and sold at 26. Otiffcy-Gillesplc, after
falling to 114, rallied to 11. Stand
ard Oil of Indiana was in steady de
roan, selling at 70.
There was a moderate amount of
business in Simms at 7 to 7,fe, and
Itynn sold at 7 to VA, both of these
stock apparently being permanently
lodged at around that level. Cnrlb
Syndicate held firm at 0 to 7. In
ternational Petroleum was steady.
Industrials were unusually quiet,
only n few stocks in that group being
traded in. Columbia Emerald ugaln
sold at 24. Inter Rubber ranged from
1094 to 10. McClure's Magazine
sold at 3.
Mines continued fairly active, with
most attention attracted to the pres
sure against Eureka Croesus, which
forced it down from 1 to Ji. Gold
Held Florence wns active and strong.
INDUSTRIALS
Acme Coal
uoiumma Emerald ..
Empire Food
Inter Ilubber
MeClure Jr.ii-
I'erfectlnn Tire . , . . .
United Profit Sharing
High Low
Sir U
74
R
10i
5'4
ioi
a
IJ.
is
STANDARD OILS
Anglo-Amer Oil 18 18
Stand oil of Indiana (new) 70 70
INDETKNDENT OILS
Allied Oil
Hoono Oil
lloston Wvomlne ......
Carlb Syndicate
Denny uu
Engineers Tetrol
Kay Prod ,
Quffey Ullletple
Inter Petrol
Mura.cn.tho Oil
Mexico oil
North Amer OH
Noble
Prod & lletlnera
Ryan Cona
Bait Creek Prod
Malt Creek (new)
HImmu Pet
Skellir Oil
Texaa Paclllo Coal rta...
Un Texas OH
Victoria Oil (now)
"Voodburn
Y Oil
MINIMI
Alaaka-Urlt Columbia ...
Atlanta
Ilelcher Dlvldo
Illg Ledia
llooth
lloston & Montana
Caled Mining
Candelarla MIn
Cons Virginia
Cortet Sll!er
Creeson Clold
Crescent MacNamaru
Eureka Croesus
uoiouoia uoni'
UoldlleM D.nelopment ...
OoIdH-lil Ilorence
Ooldfteld Silver Pick ....
Ooldfleld Zone
Great liend
Ilocla Mining
Iron Blossom
Jumbo Ext
Knox DhMo
MacNamara
Marsh Milling
Murray Mog
Mplsslng
North atar ....1
Piatt & Pal
Ophlr Sll!er
Rochester Mines
ban Toy
Hucccss Mlnlnr
Tonopah Cash Boy
lonopah Divide
Tonopah Ext
Ti-tnoDah Jim Ilutltr
Tonopah Midway ,
ionopan .Mining
Tonopah Mlzpab
Tonopah Montana
Tonopah Rescue Eula ...
United Eastern
victory
West End Cons
White Caps
Wllbert
BONDS
Amer Tel e 1024
Anaconda cop Tu 182 1.. .
Armour 7s
Copper Export 8i 192S....
Copper Export 8s 102 1...
Deere A Co 7Ub
Orand Trunk H4s
Humble Oil 7 "us
ukens Stetl 6h . . . .
boiilhwect Ili.ll " . ...
Swift Co 7h
Texas Co 7a
Westorn Eleo 7a
Weati Va 8Hb
Swedish Os
Swiss SVi'u
11 11
1H 1W
1 1-32 1
7 6Ti
l 4
1U li
tl? n
IB l.i
4
if
7Uj
20
. 10
1:30
p.m.
2tt
B
10H
8
1-V
IS
18
70
1 1.82
OTs
1
11
IB
"AS
: 27h
. u ii
: sfc h
. 2' 2t,
: itt itt
1H
A
4
87
12
14
71
72
1A
IS
8H
I
10
IS
8
21
10
7
B7
,r4
c.
1V-J
tl
n
a
i-i
iiA
14
1A
u
8
18
2 A
1
1
8
3
0B1
03S
BUS
I04
00
08'v
"BS
07
11014
00
(184
00H
li
M
us
12
14
71
fl
1
17
35
0
10
4
13
8
20
16
70 V
T
81',
03
ti
S
3
7
1A
liA
14
1A
8
8
18
2W
4
1
7
3
DBS.
oi)4
09
08'4
0RS
004
ttOly
PM'V
ns"
noS
70
70".
81
T
St
11
A
1H
4
4
07
12
14
7;
72
18
1A
8
.,
3d
t)
10
4
15
8
21
IS
7
B7
7Ti
U
58
u
3
3
1A
ll
14
1A
0
8
18
2A
4
1
8
3
9i
03
nof
OO
USJ4
05S
Oil'.
0014
HCl'
0HS
oss
noil
70"!
79
il'i
FOREIGN EXCHANGE
New York, March 19 Tha actual
opening quotations In forolpn exchange
this morning showed tmall trains from
tho previous close. Sterling was un
changed. Quotations were:
Demand stcrllnu 3.90.. cables 3.9m :
frano cables 6.97, checks 6.9C : lire
cables 1.09, checks 4 OS ; Swiss cables
17.10, checks 17.34; guilder Sb t"
34.1G, checks 31..13: peaeta cibles 13 17
chocks 13.91; Stockholm cabln ' t 04
checku 23.00; Chrlstlnnla cables 16 05
checks 16 00; Copenhagen cables 17'au'
chocks 17 25 ; liclKUn cables fi'-s'
checks 6 27 : marks 1 60. '
Although buhliios.1 wua on a compara.
tlvely small scalo the market continued
firm during tho rnlddlo of th mornln?.
oterllnc ratts ndvancinir about lie from
the Initial le!els Quotations at the end
of the first hour were: Demand bterllnc
3.91. eablen 3.91 ' ; franc cables 6?9 5 !
checks 6.944 ; lire cables 4.09, checks
4.08; marks 1.60. ' cnccK3
Tho feaViro of tho central European
exchaneeo was the continued Btrencth In
Austrian fxchanire, crown checks on
Vienna multinj- a furtlier advance to 32
compared with .10 11 little. o!er a week
nco. Other quotations were, nominal
and unchanged.
YESTERDAY'S PINAL QUOTATIONS
Sterllnsr I'rar.ni T.I.-.. n..n.i
Demand .... BtiO'i fl or. 4 01 11
Cullies ;i.l'i (1.07 4.0,1 ai 44
TODAY'S OPENING QUOTATIONS '
. IW v5Jca I'lr Oullders
. ... S.OOV fltlrt 4 08 34 ai
.. 3.01 8 07 4.09 34i4B
CIX)SIN& QUOTATIONS
"fniV ft' .''S aullders
.... 3 01 4 110.1 1.00 M4 n
8.2 .7 4:il sills
BANK CLEARINGS
Hank Uearlncn todaj. compared with cor.
rospondlriB daj last two ture.
1021 lli?n ,,,n
rill'A. 'Si:'.;1? ".B.V:0T m-ti'A"m
N. V 001,1170 047 . . '.'.''.
Demand
Cables
Demand
Cables .
To Establish Cuban Clearing House
Now York, March 19. Plans for the
establishment of a clearing house In
Cuba have renched tho point at which
It seems fulrlv certain l.m ,vi.i,... ".T."
next month the old o-stem of Individual
redemption will ba dono awav with
Although thlH has been under discussion
for years, th s Is the. first time the Thanks
have reached so advanced a point. My.
laws and details am now under consld-
MONEY-LENDING RATES
PHII.AI1KI.PIIIA Call, 6 per cent
t me. fl ner cent: nnm,n.i 1 ..-."'
threo to six months, 6 ier cent
(Note The-o ara merely 'nominal
quotatlonH, the let-al rate of Interest "n
tho stuto of IVnnsylvanla being fixed nt
6 per rent. Plus premium nnd coininls
slon, tlmo money for thirty to nine y
days I loaned nt 8 to 8-f, pef cent, w Ho
commercal pair from threo to sir
months, Is beintr offerod at I to 8 V, ner
cent.) '
Spruce 8200
BOUGHT SOLD QUOTED
PENNA. RAILROAD
15 year fjijs, 1930
CHIC&N.WESTERNRY.
13 year 6yis, 193G
si-cciiiTins nirAnTAir,NT
COMMERCIAL TRUST
COMPANY
Member Federal Ileserve Hxtem
City Hall Square West
WPtmromfflBaam
Safety
Above All
Thero never hus been, or
over will be, nn investor
who has suffered any loss
through guaranteed mort
gages. Both principal and interest
payments are fully pro
jected and guaranteed
against default or depre
ciation. Let us send you our list of
guaranteed mortgages.
PHILADELPHIA
COMPANY FOR
GUARANTEEING
MORTGAGES
PIirLADELrillA
Wm. H. Nicholson. President
Sam'l C. Edmonds, Bee'y & Trea.
iiii uiniBHHiirunii uii tinii Jinn HHi h 1 mimnnnm Hnnraniini u : i an 1 mm (i;in r ni;(ir in -cing
fciviriKt. s
IFOOD PRODUCTS!
Bought Sotd Quoted
Clrculnr on request 3
FINNINGER & CO.
138-138 KoiitU l'ourth St. H
IIIWn'D'MlllllllllllDgiBMIMninniri
C. S. PATTON & CO.
ID ft CHESTNUT HTS.
BANKERS
finceee-or to
SA1XER ft HTF.VKNSON
tMiid anil block bougbl unit tuU
on comml-elon
Mrmhem I'lilln. Hlork r.irlmnr.
Safe BondsySr Investment
HALSEY, STUART
&. CO. Inc.
FINANCIAL
NOTICE TO BONDHOLDERS
PITTSBURGH-WESTMORELAND COAL CO.
Tenders to the Slntrtne Fund of not mori
than Nino (0) of the Klret Morteace. 40-ieir
o bonds of paid rcimpniiy dnted fl 1
11107. to be delivered with couitons du JU
1. 1021 and all following attached, on March
SI. 1021, are hereby Invited.
OfTern wl'l not lie received after Marcn
25. 1021, nt which date those received will bt
opened and notice of those accepted wilt k
ent. rtllht Is reserved to reject any or n!
offers.
Mall offers, duly sealed, to
Peoples Snln-i and Trust Company ol Pitlsturgh
Truitec.
Wood street anil 1'nurtli avenue,
l'lttnburrh. I'tnna.
CAniUI. COUNTY COAL COMPANVnUSl
MORTOAOI SINKING FUND IIOND9.
Under term- of the Sinking Fund, eealed
proposals will be received until 3 p. m
March 21. 1021, at the ofllce of The Pens
ylvanla Company for Insurances orr LUe
and Granting Annuities, Trustee fur the el;
to it at the lowest price not eiceedlng 10J
and accrued Interest, of an many uf ral'
bonds as Sin 010 07 will purihase. Fro-po-ulo
should be addressed to
THE PENNSYLVANIA COMPANT FOIt IN
DURANCES ON,LIVi:a AND QIIANT1N0
ANNUITIES.
817 Chestnut St.. Phlla.
DltlilrniM
PHILADELPHIA COMPANY
DIVIDEND No. 1SS
nttsbureh, Ta., jrarch 16 1921.
A quarterly dividend of serntj.lle cent
per share (belnir one and ona.half per cent
141 on the par value of 1.10 a snare) on
the Common Htock of this Companj hu this
day been di-clared. payib'e April 80, 1S11.
to Btockholdorii ot record April 1, 1U21.
Cheques will lo mailed.
C. J linAVV Jr , Tre.Bur
PHILADELPHIA COMPANY
111VIDLNI) No. 11
I'lttsbunih. Pa , March 1 1021
a nnmliitinuiil ftivldend uf One Hollar ard
flfu cents per share (belnr; threo per cat
181 on llm par alu of $.'0 n (harei en
Hit CumuIalUt) Preferred Sloek ha tn'i
day been d lared, pajabl" In 2. 10-1. t
BtocKnoiuers or recoru April i
Cheques will 1 nitill'd
C. J 11IIAUN. Jf
10JI
DUQUESNE LIGHT CO.
DIVIDI.ND No. 23
Pittsburgh, Pa. March IS Mil
A quarterly dividend of
ON 13 AMI 'JllltKB-rOLKTHS
PICK CKNT
tl"'".) on the 7C1 rumulathe Prefrrl
I'apltal Htock. hai) thla day ben derUr-a
payable May 2, 1031. to Hlot-kholUers of
Fecord April 1. 1021.
Cheques will be mailed.
C, J. IIUAI'N. Jr Treaiirfr
VVhSTINOlKHHI! KM'.I Tllll
MANL'FACT"IilNn (HMl'lM.
A quarteily dividend of 8-. (SI.00 Ml
hwrton tho PllKl'lIitrtKU Jtotk : of ton
Company wl'l tl! ""'' A"r" l".,"'''-
A Wldend of 2 (l.0l per slmrr i on th.
COMMON btock of this i ompunv for H J
quarter ondlriB March 31. 11)21 will to raid
Apilotl?DlVldelndii nre puvable to Stock!."'-
. nf rLCord wh of March .11 in'l
era oi nuJiu un BAI1,jji Treaiur,r
Kw York Manh in. U'-i
0iTlCB0l"fllBIN,rK""0A' IM1HOI h-
N W. corner lirouj und Arch st.
" c?.'hn1lJdeiphla. March 0 1MI
The Directors hae this day JerlarrJ a
.?t.rlv dividend of one per cent ,'30o P
Jhi) n the , common' stick of this com
nany payable April IB, 1U11. to liold.ri a
Jnunon t of record -t lbs do., of
business March 31 I'f-l.
rhi-ka will bo ipa od
CbotKS iii j MOnillS Treaaurtr
Annual Irellimt
" , Hinllriit.lt HAIUiUAII roMIMM
,-J "c,,rrVhlla.ielph)tt, Manh 10 1021
Th" Annuul ileeilnir of the m kho dera
of tlilonniaifi. und un (le Hon fur I'ran
Snt afcl Dlroctora. to (.mi) for the - aulni
Star will be held at this onire on Monili,
url 1011. ul HlOl o'clock am.
Propoaals
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