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EVENING PUBLIC LEDGERr-PHIDADELPHlA, MONDAY, MARO& 28, 1921
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A REAL
RECORD OF
ACTIVE STOCK
EXCHANGE
SECURITIES
Price and volume charts
showing accumulation and
distribution zones, trading
levels and characteristic
market action in each case.
A limited edition. Will be
tent to early inquirer tREE.
Write 'for R-10.
J. F. McGOVERN & CO.
Mrmnm ItilU. tok Itsthsnss
14SO Bmitb Ttu S., rhlla.
ftw MIS Bars W
Nrw Yerk 1 Brenlwif
Ptrrt Prltsle Wires ti All MsrkfU
Business Conditions
When business conditions arc
in the process of readjust
ment there 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 & Co.
Pine Street, Corner WlllUm
NEW YORK
PHILADELPHIA OFFICE
Widener Bldg.
PRICE MOV
E
INI
NEW YORK STOCK EXCHANGE TRANSACTIONS
VERY CON
F
LIGTING
Odd It Traders
We maintain and offer to the
odd lot trader a daily and yearly
service. Throughout active and
dull periods your clan of business
receives the same attention that is
given to the large investor or
speculator. Commitments exe
cuted in stocks and bonds traded
in on the New York, Philadelphia
and other leading exchanges.
Direct private wire service to
New York and other securities
markets.
Board room with continuous
quotations, coupled with prompt
and careful handling of all orders.
Mail and telephone inquiries
promptly attended to. Personal
calls Invited.
Smith, Redpath & Co.
Members Phila. Stock Exchange
1524 Walnut Street
PHILADELPHIA
Phone, Jprtic SSSU
Markot Heavily Charged With
Many Cro9s Currents and
Confusing Shifts
Neu York. Mured 28. Th miilti
pl.vinjr oross rurrents with which to
i!ny' tnok ninrkrt wft"" heavily clinrccd
prniluccd txith confuiinn nml conflicting
movement of price. There ws the
curiniiR vpertnele of tnrk of the Mime
group rlainit and fnlllng nl the mr
time The number of ek pot tin
oore.red far outnumbered those of
'trennth. still the tone of the general
list n anything hut thftt of vnknoj
To the contrary the ime undercurrent
of resistance evident in the recent pre
ceding ession wn agnln manifested,
especially when the reactionary party
endenvoreil to prcM the Hdvnntoge on
the selling side
In the way of new or development
there nn nothing to trnnplre oer
Sunday to give much itdvnntnge to
either Hide of the contesting forces of
the profcsionnl traders. The stronger
position of the local Federal Reserve
Ilank and the Clearing House institu
tions failed to exert nn appreciable in-
nuence. as did the continued easy con
dition of the call money market, with
demand loans again renewing at tllt pep
rrnt Time money was reported to be
more plentiful, but unchanged as to
rates. The foreign news, it Is true, was
not very encouraging, hut the general
belief is that it is not going to be serious
and the firmness of foreign exchange
would seem to indicntc this idea is
correct
While the vacillating trend of the
market, during the morning especially,
wae perplexing, there uns plenty of
action The rather contradictory char
acter of the dealing wan open to dif
ferent interpretations, mggesting in
some caseM the Inminpletlon of the
speculative adjustments which have
been in progress in u number of the
Industrial specialties for some time. It
was likewise obvious the bear contin
gent were disposed to contest nil ma
neuvers on the constructive side, for as
the morning progressed it wan evident
the bear crowd was back in full force
for they not only nold stocks on a large
scale hut were nluo busll engaged In
eiculating rumors
About the same familiar bear targets
were tal-en as objects of attaiks in the
early trading, with Industrial Alcohol
dropping oer -1 points; Kelly -Spring-
held Tin- l1-.,. .senrs-Uoebuck JH and
Atlantic rtulf :-V This for n time was
counterbalanced by the renewed strength
of the motors, particularly Chandler
and Studebakcr Rcfore the end of the
first hour n secondary drive was di
rected against the list with the flank
ing attack extending to General As
phalt. Mexican Petroleum, Pan-American
Petroleum and Virginia-Carolina
Chemical, with losses from 1'4 to 1
points.
Elsewhere, excepting the railway list,
in which dullness ruled, reactionary
tendencies predominated, but on the de
cline the whole list gradually drifted
into ii narrow channel.
LITTLE ACTION IN
THE LOCAL STOCKS
Moderate Selling in Pennsyl
vania V Definite Tendency
Shown Elsewhere
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1 The Problem
9 of m'o.stmcnt in a period of S
2 readjusrment heenmea even J
9 more dirticult than in normal s
1 times. V
m We will Kla1h sujfpest bunds ;
I which wm believe will remain .
undisturhed in the face of ;j
.1 chtinRintr economic condi- ,
I tion. B
1 BATTLES & CO. 1
S FK'nbHtHtd IA9D R
Tn,lprnnrne Square ' Kusf m
What little market interest there was
in the locnl stocks practically centered
nround Pennsyhania Hailroad and
Philadelphia Kapid Transit. The first
named ran into n fresh strata of sell
ing orders, currying the prlc" back to
.V, Some i-lTort was made to resumt
the upward spurt in Philadelphia Hnpiil
Transit, hut the outlook for the pro
posed fare boost was so uncertain as to
make for cautmn in market wntures on
that score After selling at lU the
stock fell back to IS and was well sus
tained at that fijure the balance of the
session because the stork was left alone.
Xo definite tendencies developed In
the remainder of the list Philadelphia
Electric fell off 't to aa".,. while the
preferred and I'nited (Jos Improvement
were unchanged Small transsctirns
were mode in Lehigh Xavigntion at
concession of point American Stores
and Electric Storage (lattery were left
unaltered from Inst week's closing quo
tations Emphasizing Ihe extreme nar
rowness of the market Xorth Pennsjl
ama on" of the (leading subsidiary
line, dropped ' t points, to 70 from
the preiious i-ale Pennsylvania Salt
held firm at 7!( while Philadelphia Co
cumulative preferred was off 'j on
united dealings
Philadelphia Stocks
2A
7a
600
ITOA
inn
ISA
tna
1(10
lAon
SAO
II
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ion
loo
190
SOA
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ton
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3100
700
too
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too
12SA
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100
100
ton
14000
IMA
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40A
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300
a 100
200
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1400
00 0
.1000
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300
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100
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100
1100
700
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100
300
110
OOOA
ItA
10A
3100
0A
3300
AA0 2
3400
A0
300
1300
100
1300
60O
10A
470A
1000
tIBA
400
11800
300
100
100
17100
IS00
1000
40ft
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100
4500
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300
I SOO
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400
100
300
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1000
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170A
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5003
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ion
30A
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Hlth
Adams Express .. IIS
Advance Itumcly pf 1
AJax nubber . . M
I Ulla-Chnlmers . 3S
Allied Chun A Dye 43
7 Allls-Cholmers pf 83ft
s Am Agrlc Chem 41
S Am Best Sugar 43
3 Am Ooscli Magneto. S3
Am Can . 30H
7 Am Car A Fdv pf . HOfi
Am Chicle 10M
s Am I.xpress . 133
Am Hide A Leather pf 4H
I Am tee
Am InXcrnat Corp
fl Am loconiotlve . ...
4 Am Iladlntor
Am Safety Hazor
Am Ship A Com
4 Am Smelt A fu-f
Am Smelt Sec A
10 Am Sumatra Tob
s Am Tel A Tel
7 Am Woolen
7 Am Wholesale 7V pf
Anaconda Copper
4 Afbo Pry Ooods
fl Atch Top A Santa Fe.
tlanta Dlr A Atlantic
Atlantic Fruit
10 Atl Oulf A W I 3 S
7 Haldwln locomotive
HAltimore A Ohio
I tlaltlmore A Ohio pf
Bethlehem Motorn .
Bethlehem Steel B . .
Booth Fisheries
1
44
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70
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Hrklyn TUpId Trnnslt 13VJ
7 Burns Bros pf R
Caddo Central O A B 1?4
s California Packing . . 0
California Petroleum 4314
1 California Petrol pf . 74
1 Cal Zinc. A Ixod Sti
in Canadian Paoiftc 113H
7 "ae J t let pf .... 83H
Central leather . 405,
7 Central Ienther pf S3
1 Cerro de 1'ajco l?i
10 Chandler Motors NS
4 Cheaapeflke A Ohio '4
Chi A B 111 pf ctfs 1;
Chicago A Ot West pf tH
Chicago Mil A 3t P. . . 33W
. . Chlcagi Mil A St V pf 3SS,
s Chicago Vorthwestirn 34
s Chi Pneumatic Tool . 04
Chi It I A Pac 2"
5 Chi R I A Pac 6"r pf 0J,
1011
3AH
46
31H
38 K
33
61",
1H
10
81
10?,
7SU
28 14
90'.,
48
1 IS
Itljfh Tt-r p m
Hi m Sirs .'I 54 ."
IiitI',.1 C.r'pli 7 7 7
Mil Ele.-Stor.lfVi 10.1 lO.'i
l.'i Lb Xsv f!7 7 07
it.' Vnrtli Pk 70 70 70
Pi. Pa II U .'l,'"', 3S" .TV
Ml Pa Salt 7.1 73 71
" Plula Co
urn pf :K 33 - 33,
jj'i r'htia Eier aa' aav
"ill iln pref a 37
Mi.'. Phila ItT IRij IS
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EDMONDS OIL &
REFINING CORP.
Paid 24 in 1920
Paid 16 in the first three
months this year
Send for circular Ask for J -5
Melhuish & Co.
40 Wall St., New York
Telephone John 6006
Boston Baltimore Worrasttr
" flu Ht km iMwr Id mnh mink
301. 301. 301. . ',
h.r.- tnsfls hi -,-mpsnion w h at
, n s VnrK stock Cichsncft
i'iiii.DKi.riM novns
J'Jimi ,ihert. 'Jil IK 0 OS
1000 l,ibrti trli 4V, S7 OS
1OO0 l.itrt) I', l'4s . 87.12
1000 l.iberM trli 4'4h S7 111
200 Amer is k Rlec fin fW
KKSI I.ehiRh Vnlle jen 1 Oil I.,
WKI Philadelphia lllec lt :. K7 '
1000 Philadelphia Rlec 1st .-. KW
101X) Welsba. Ii 5 1441-j I
United States Treasury Certificates!
Chile Copper .
Chlno Copper
7 Cluett Peobod ypf
Coca-Cola
.1 Colorado Fuel A Iron.
4 r ol A Southern 1st pf.
0 Column Ons A Klee
Col fjraphophone
Consolidated DIs Inc
1 Consolidated Oas
s Consolidated Textiles
Continental Candy
4 Corn Products Bef
so Cosden A Co
5 Cruclhle Steel
4 Cuban Amer Sugar
fnver A Bio Clrande
Pener A Bio Or pf .
Elk Horn Coal
5 Kndlcott-Johnson
Krle
Erie 1st pf
s Famous Via era I.
s Famous Players pf
Flsk Bubbcr
Oaston Wm A Wis;
Oeneral Asphalt
s Oeneral Cljar
7 General Clpar pf
S General Electric
1 General Motor
S Goodrich B F
7 Great Northern pf
4 Great North Ore ctfs.
Orccn cananea Cop
7 Hartman Corn
Hendeo ctfs .
Homcstake Mining
Houston Oil
1 Hupp Motor Car
7 Illinois Central
An Indlahnma Bef
Inspiration Con Cop
Interb Con Corp
Internal Agrlcul
Int Mer Marine
lnternat Motortruck
7 Int Motortruck 1st pf
International Nickel .
International Paper
0 Inter Paper pf atpd.
Invincible Oil Corp
Inland Oil .
.Ifwel Tea
leM Tea I.f
Kansas f'lt Southern !J
4 Kansas City So pf 4
I Kell -Springfield Tire. 30(i
Kelsev Wheel 33',
K nnecott Copper 11
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Sale In I lllsh
! Koystone TAB. . . 10H
lackawanna Steel 34
200 2 t,ea Rubber Tire. ., 38
it 7 Uggett A Myers pf . . . 13
33700 2 l.oewe Co 20H
100 1 I,oft Candy 10
38 s Mackay Coa 03
400 7 Manhattan Kiev guar. H
l Marlln Bockwell .... 8
l0 Maxwell Motor ... 3
100 Maxwell Motor 1st pf.
300 a May Dept Stores . 84
33000 it Mexican Petroleum .14
100 i Miami Copper 17H
4700 t so Middle States Corp . 13
SOO Minn A St 1ouls. . . !
100 Mo Kansas A Texas..
300 Missouri Paclflo . . t
100 Missouri Paclflo pf . . . 3
100 Montgomery, Ward , 16
100 4 Mulling Body . . . 30
100 7 National Biscuit . 001
300 National Cloak A Suit S3
300 National Con A Cable 2)i
300 Nev Con Copper ),
200 to New Tork Air Braks. . 77H
30A s New York. Central. .. 70
800 Ne. York X HAH.. UK
10 1 Norfolk A Western. .
00 7 Northern Pacific . 1
100 Ohio Body A Blower.. II
800 to Okla Prod A Hef. ... 3
100 Pacific Devel Corp. 13
200 a Pacific Gas A Klee. . . 474.
I38A0 . Paclflo Oil .... 37K
' s Pan-Atner Petrol . .. 11
300 a Pan-Amer B . ... 02
MOO 3 Pennsylvania It It . 35
1100 pnn Seaboard Steel . I3H
0 Peoples Oas Chicago. . 43
100 Pere Marquette ITS,
t0 3 Philadelphia Co . . 33
0300 Plcrce-Arrow Motor. . 33
0 S Plerce-Arrow pf v ... 88
300A Pierce. Oil 11
100 a Pierce Oil pf 73
300 Pittsburgh A W Va .37
100 4 Pub ServCorpof X J. 08
10A a Pullman 104
3300 s Punta Alegre Sugar. . 47
4 Pure Oil 33,
300 rtny Con Copper.. .. 13
1800 1 Beading A
100 Bern Typewriter ',. 3fl
'00 tleplo Steel 27
AAA Ilepubllc Iron A Steel. 8
11005.10 Boyal Dutch N Y. . . 03
200 t st Joseph Lead. ... 1
1700 st Ioula San Fran .. 21 J
103 st Louis Southwest . 38),
100 st Louis Southwest of 37
100 Saxon Motor 3J4,
200 Seaboard Air Line.... H
000 8 Sears-noebuck B7-
5100 Sinclair Oil 31
1800 a Southern Paclflc .... 75
1100 Southern Rail 20"
100 ft Standard Oil of N J. I3A
300 7 Standard Oil of N .7 pfl08
100 4 Stewart Warner Speed 31
300 Stromberg Carb .. 3
40200 7 Studcbaker 80
10fl I Submarine Boat Corp 8H
100 Superior Oil Corp. nj,
IjO Temtor Corn A F "A 13
300 Tenn cop A Chem.... 8
4000 8 Texas Co 3H
TOO Texan A Pacific 33
1300 1 Texas A Pac C A O. . . 37
100 10 Tidewater OH 103
500 a Tobacco Products . . 47)i
3008 Transcontinental Oil 104
100 1 Transue & Wmj Steel. 4044
100 3 Twin City It T 40
1700 I'nlon Oil 31 if
SOO 10 I'nlon Pacific UT
100 Cnlted Allo Steel. ... 31J.
100 a I'nited Fruit i03M
300 'n Hwy lnc pf . 24
300 3 United Retail Stores . 50
00 U 8 C I P A Kdy.. 18
100 I S Food Products 23
100 1 u S Ind Alcohol pf . 08
'00 s U S Rubber 734,
300 2 U S Smelt & Ref 3
8000 SUM Steal. H3
100 7 I' S Steel pf 10SH
2000 4 t'tah Copper . .. 47
100 Utah Sec 11)$
1300 4 Vanadium Corp .... 3144
1500 4 Va-Carollna Chem .. 30
300 VUaudou lnc oj
100 Wabaah 7H
400 Wabash pf A 20
300 Western Maryland 10
100 West .Maryland 2d pf 174,
1400 Western Pacific . 30
400 a Western Pacific pf . . 70
100 7 Western Union Tel 80
100 4 Westlnghouse A Brake 4
IAA 4 Weatlnghousc E A M. 40
30A Wheeling A L K 8
4A0 White Oil Corp. ... 14
300 4 White Motor . ... 41
150 Wllla-0crland . .. 814
100 WlUy8-()erland pf 4
100 a Wilson A Co . 44
100 S Woolworth F W 114
3$0 a Worthlngton Pump . 51
1 .30 Met
txiw t,st Chse.
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MANY CURB ISSUES
IN BRISK DEMAND
Purchases Indicate Accumula
tion by Controlling Intorosts.
Maracaibo Oil Active
New York, Mnrch 28. Many stocks
were In brisk demand on the Brond
8treet Curb with the beginning of busl
ness today, but the buying, which ex
erted the greatest Influence, was not of
a speculative character, but Indicated
persistent accumulation by controlling
Interests either on knowledge of coming
developments or for some special pur
pose connected with the properties.
TliU un the ease rsneclsIlT In Mora
calbo Oil, which ndvonced from 20Vi
to 30 hi on trading of orer 10,000
shares, but, after crossing HO, It to
acted to 28-. Chicago and Eastern II
llnnU InsiiNi were traded in. when is
sued, the common selling at 14V4 to
14Vh and the prcierrea at .
h.irnnt Motors sold at 21. The an
nouncement was made after the close
Saturday that the company had bought
on extensive plant formerly owned by
the Ford Co. In the borough of Queens
In the city of New York. Mawell
Chalmers r'H" was firm at 16Vd lo
lfiaj. Gutfcv-Olllesple showed a better
tone, advancing to iz. 'mere. w
moderate amount of business in ortn
American Paper at 4.
INDUnTRIAI.8
Acme Cosl
llrlt Am Tob re
Csr LUht . .
t-'hl B I
Chi 4 EC I rrf
Columbia Emerald ....
Durnt Motors . . . .
Kmplro Food
lAke Tarpsdo
Msx Chslmer "H .
North Amer Pspsr . . .
Perfection Tire
I'rof shsres ne, . . .
Prof Bhsres nes pref . . .
nadlo Cam
Itsdlo Com pref
tin C A I
Tenn rtwy Usht . . . .
V R Stesm . . . . .
Unltsd Profit Bhsrlnt . .
UnltM net Cs.ndr .
STANDARD OttJR
Anslo-Amer Oil . . 11H ITM I7t
fltsnd Oil of Ind new . .TO 70 70
WDETIWDKNT Oil
1.A0
Jllfh low V- m
. 1 1 I.
. 124. i2i i;i
3 1'4 14
. 14(4 14(i I4i
82 32 32
. 3U 3(4 3't
. 22 24 32!i
14 '4 '4
'?
. IH 1 t'4
3 7
as 214 2't
: tg a
$ $ l?
IK 7V4 7
Allied Oil
Arkans.m Niluml Q
llnone Oil
Iloiton Wyomlnr .
C.n Nstl
Csrlb Bynd
Cities Service "D" ctfs
Derm' Oil .
Klk lissln Pet . .,
Kng Ineers Petrol ... .
F-sv Pet ....
federal Oil
duffey ailleiple . . .
Murscslbo Oil
Mrrrltt Oil ....
Mexico Oil
Noble . .
Omsr Oil
Pennok Oil ...
Producer St Ileflnere .
Red ttork Oil . .
Rlmms Pet
Skelly Oil
t'n Texss Oil
Victoria Oil new .
14
Commodity Markets
FOREIGN EXCHANGE
Ne York, March 2K. Due to tin-
" " " . cUxitir of the IiOnrlon mnrtnl Imlnv
COTTON MARKET there were few channgea In foreign ex-
New York. Mnrrh '.'S.-Ihe South , tlianRP hrrc lis mornlngi
was a (food seller of cotton lit the open- ljotntlons were:
Ins 'oiar wht.h rhiefly explained a Sterllnir rablex .'l.fll. denmnri .1 ill 1. .
nbles ll.WI. checks H.l2 . lire
Financial Briefs
MINIMI
Columbia
I 1 r i'.
1 1,1
Hat
cIom Opn
. 12 42 1 2. SO
r.'.si t2.7n
IS So IS 20
is 5; 13 sr
is o is s:
partial drop of IJ vnnt in lirht priie. frai.
The N'eu Orleans nuirkel deeloped 17 tj,
firmnejji. Iiouever. which was attributed . 17 2ii,
to lnu- timperature in the Southwest 34."jl,
Thi- i-au'ed a oiiering movement here .V.'ljr
thnt advanced prices ab"M the clone of' ( jo
lasi Thursday
The ueekh xtatlitico. published toilsj
owinc in the holiday on Friday, were
considered h -iand-olf
Ma
Julv
Ociobr
l)-c-mler
lan'jary
GRAIN MARKET
Chicago. ,lnrci 28 - Jul wheal
started at $1 25 to J1.U2 today, or al a
bigger discount, under Mai, than had
ben generally expected May opened
st SI 11 " SI .4214 against $1.41 ,
at the end of Saturday There wn- 11
good demand for Mav from jhorts. be
cause of a sharp drop in temperature
Commission house", did not follow tue
upturns and values caxed immediately
after the hturt
Torn marled firmer on covering b
shorts May opened at 04c to Wt
aaln-t (l.'l;4( nt the clone Saturday
.Tulv oiened ut tl7',(C to OT'isc against
ll"c' at ihe end Saturday The market
eased uftnr the opening on a little scat
tered helling by commission houses
Trade in oats was light and feature-
lets Then was a lack of selling pres
The Houston Oil Co of Tenaa tm leaued
lis pamphlet report for the fifteen mor.thi
erriM December 31 The timber realliatlon
account ahows aurplua, after Charles and
tae. of 1704,000 and .(element of oil
Ut. niak
month
eductinir
125.0(0 fin ''"'' " "" rna
- - - -.-...,, VV1IIIUUI1
np;' L,Hnn:,'').f.?iu.''.i' v 1
of ii is Sun ' ' . '.or "," niiesn
un the
cheekh I7 2;i; guilder cables
checkH lT.'J.'l' duIMm- ..nlilu
V T ..-.' 0....... vuuu. .-- r ..,..,..---. . ."it wt
cliecis ;U.10: peUK cables ';;r,.'r"?.?"Tr ?'. 11.. th. comDh
check 14.00: Stockholm cables
checks 23.20; Chrlstlanla cables
checks 1(1.05; Copenhagen cables
checks 17.40: HelBlrn cables
.Ti. checks 7.24; marks 1.50.
SATL'llDATH K1NAI. QUOTATIONS
eiock for the
o "!' & finaro on the rnmmnn '
r on the cnmmnn
LIVESTOCK QUOTATIONS
(lilntfo March nR pitti .
23 ihki head. Hlow. pTSTLbT'O""'
"mi injicnor 1
- "Sirs iMr aiaae
no atock fully a.s in... 'IV,'
. lonu arltnir B,a... .. - . --- -r". i vuvit
I j "!!,; VPr' "-ire uuiiatra uik n-er atoer,, t,:to jn h.ni J., '
i ,, '?''!nan'1 3S1 6B2 8-s "-So ""'' heifers. IS 2sVi BO canniri 'n'rf T' .?.w
l: iibf' . .. . !. V4 4 " " w:,'v ?.ff 4-fl: ii. reakn,rlu7v2ubU,;i;'
IS in I ii a uit;si.i.ij UUUTATIONH triia . !' ouc 'er tnilk testers Th
.1 92 .1 ,5 3 l SMS ! f.K,:e-rt,n7.rIoVT-Tr.l!rv,,a0e 5
loner ihan Halur.lav. irit. .rJr. '"Ar
BANK CLEARINGS
Hank rieurlnaa todm rompureij wlih cor
fl.iidin day last iwo ,rHrf
. ,. lMal ltJ' 10m
I'n. a ISS 17(1 4S7 168 412 082 l"4 "IS,S37
LOCAL MINING STOCKS
TONOPAH STnCKS
1 ..-i ll.n
J. m Uullei
!u' Namara
MacS'amara 'rectni
Mid iv
Mir. run Kiirnalo-i
Mnntana ...
Sorrh HUr . ..
Itrn ii, Kula
I 'O' i4h K
W,h' Cud
-i Tnnopah
DIVIliK STl.'KH
1 1-0 lllde
lll htr
lii-N I", Knenilon
11. n ilur
lid
un
14
M
in
Is
07
on
,o
IT
l
01
10
m nml tin. market a firmer in the I Hrouh. Iilde
--! trading I L'lsWe" s'j nS"
Mas opened '4' higher at -IO'hc .Inly HhMe on
swirled at 2'c to 4'J'4c. OKslnst 41a4c 8L,.','J",t'.1 ,
111 the doe Saturday. September liarm'i
'.pencil at an amniuc 01 "v, - H' iiaenniui a imid
I ur rf
dftle
prll l.'i
Mav in
1 in., n
' June
1 l's
A'H
s.n'
-epl
I ')rl
Dec
, Meh
Il I
Liberty Bonds
Bought and Sold
Edward B.Smith & Co
mtsntHSD 1892
Menit.er, New Tcrk and Philadelphia
dtnek Kirhanifea
Mil HICSTNl'T STHI5ET
1'UII.ADULI'HIA
'A cepiahl
1 r. j
liiji
l'iSl
IH2I
I'UI
riji
mat
inst
m.'i
10:1
10:2
for
Bid
ino
I O.I
ion
111ft.,
too
loo.-,
ion
inns
1 1 10
I0O.V
inn
pamei. of
'.W
.
s'
1
''1
(i
V,
II
:
n
"fte 1
100,
100
nun,
imirt
!"".
inor-,
1IKI
l(HI,
lorn,
110,'.
100,
Income
Jue on dale nt rn.tturlu
Cempt fro-ri m.rmal feorai Incom.
1 !S
n in
s ir. I
'. 1 ,s '
s J.Si
.1 4S
' ''" 1
S I.S'
S it. I
.". so
. n:
la,
ai I
Reserve Banks' Discount Rates
, in.
r. -i..r
lllunl ml., .1 iim .ufl . (T.
tianl-H a r ue fo low
rra 1.11, rn, 1 iaicra
tl'.ridi faper rrsp(
Safe Bonds for Investment
HALSEY, STUART
&. CO. Inc.1
I'hiMdelrhu
1 U e at.d
H p 111 nfl
IIS'i'l
1 hi im
-.1 I UII
Mil, I . .p. !!
ip in I'tly
I nil .
- r I . n,
n 1 h irni
if kanri' f'H'
of Philadelphia
cif ,
it
s
(1
II',
11 Mi n si,
s , T II
s n si
n n 7 n
n s h (i
rorrpf'nde vn incet
Kriirlcaiea pledged a co'U'
urn 'f S per cent tn th eaee
and S1, per cent In tnt cs
Raw Sugar Market Unchanged
New lorU. Mjrctl 2S -The ra i'.K.'ll nr.tr
k,i remained 'inlet and alwut unchanged al
.V out and freluhl for old crop Tubal
e.iuHl i" ''."'.'' du pnl.l and Sc mil and
freight .flla' to '1 'J7c d'lt paid, for new
, rnp The'e ere ni ea1e reimrlei on Hal
urde ImiK.nti.iiiN on RtiirdH" included
'J4 111,41 beg i'uImn and MOOO l.aa liatlan
i. thi Werner t 'o . a" H0i bam f.m p.mln
gre -o ire Kederei in nn.t nou iMKa Hu' -liininn
en nulc in Cil'Ki'l., The lornl refined
merlit Is unchannrd. The. Federal (lunar
H dtiina ( in hiIII -althdrawn and Itel
ii i .m ..f mh, r reflnern are un' hansel al
a'. f.ir ih hard grade and Jr fur the aofl
grade,
GOVERNMENT BONOS
P.inama wiiirxm 2a IH3a
1'anania regleterert 2a I0SS
Panama resiatered 2i IMS
Panama coupon S I0SI
t'enama regmere.) .1 lOdl
I'lllllpp ne t 1031 1
I hlllpplne t I08S
Phillimlii" l 1P3S
I" H 'low loupon .', 1080
tj H Omi rsielereil 2i I0.1O
It S Ooit enupen 4e 102S
t' H Tot reulalerMl 4a 102.', .
D m of t'r.'umlila .1 ns 1024
HUh hi tile
IV.r Olilili.
Ken., In LI.
llon.,
,lhr Knir
loniipan III! i.
Tnnotuh lli Hin.ui k
Vh lor. ii.Je
Vt'rle l,n' 1..
'.'ll
01
02
.01
III
13
.40
001,
02
0
02
O'J
01
HU.
mi ,k
OSt lOlll,
oo' InOiJ
is ;nw
7 HI
SO', Sll
"riV,
MH,
09', HIO'
90 t00'4
mi1, miv,
inin ioiij
02
At. aula
lllue llui)
Ilnolh
l' ll l
Conililnati'iii l-Vaoiion
(. rar Kerjack
lil.iiniin.inei.l H II
I liaHv
Kit rt n. m
Dnldl en) mi
' (JOidhel'i Mniger
tjold l"t'opni'ni
(treat H-i.il
Juml'o Kitrnslnn
Kewanaa
l.nne tar
tiri.
lied Kill,
ri'i'i I'lcU
Spearhead
02
III
1)1
02
I'.
(I I
01
02
17
rl'ICI.H HIllCKs
01
III
02
01
07
IHIl,
01
III
no
02
ni
O.i
o.s
French
Amparo
I Arlm.ia I'nited
I Kden
I Mother Ide
Vevada Hill
Ne ada Wonder
MISi'KI.I.SNKHItrl
. I
n
all
!sntlnn
Indon
and English 'Changes Closed, & ? &
Maren 2 Todiv la a holiday on White t'ap,
Liverpool sad Paris exchanges. Wllbert
to
.in
st,
01
ir,
OH
07
02
Aak
07
in
.is
.12
20
.(
.OS
117
20
is
HI A
12
02
04
04
OS
Ol
IS
42
II
04
117
08
11
02
III
O I
"2
02
04
1 A
ill
'M
o.l
19
02
02
I l.'i
00',
.H2
I'll
01
00',
37
o,
.on',
03
02
07
oil
o.s
iiiii,
;i on
on
oj
I 40
is
In
SH
.03
.11
II
.OS
.OS
J. .K i" bulli- r.20 ""nils up. mwo.fis
X.'e.-.-Br.,k"S':,.A,,4l.k- "",rb"' 0 to -120
,t".r'f:'";'l''r'lp.1"' !"O0 head Opening
about "lead, ,! , rhn HH v.,unf'X,,'l
amh. 1)0 b:, ..hnlce SO to 82 pound shorn
in 2f, rholi e las pound ehorn wethers for
ep.,r. in 2,1 Koot M ,K,und ehorn )4iirllne;e
and tn year old". I0.7S ' "
Kael llnfTalo. March 28 OATTI.K Re.
celpie '.'7S0 head Dull Hit-era 25injf
loa-c "Hipping eleers 18 SOfiO.Tn hutcher
teem 17 30 6 SOU, yearllnsa, Is.f.OftO SO
heifer" 1.", SOWS iow, SS.nofrT hull.
14 SOtrn etnekera and reeiiere 5 ROWt
freih co and enrlnsere t.SSffllo rivei'
receipts 3f.O0. Blow. S0c lower I.Sffisnn'
IIOH8 Itece.pla lft.000 head Klfty centi
to 7Sr lower Iteai. IBB0WI0 2S mlsed
H0 7.Sffll vorker. Clliril 35 light yorkera
and pls III S II SO roughe iRffsss
Stage WW". SO
BlIKKP ANIl I.AMI1S - Receipts 20.000
head Twenty-Sve cnta ,n 7.Sc lower, l.smha
ISSHO.80 yearlinge IllflSSO wether. n Rn
17 ewea I2TJ0 mlsed eheep 10 2SWa So.
I'lttehnrsh Mnrili 2S CATTLE 111
eelpla 1700 hea.l Loor 8t6er 10 73
IO.B0. helfere HfHSS cow. fl7 Cale.
rerelpla 14'ni hsd Ixwer Top Its
ItOOS Ilwelnir 10,000 head I-ower
Heavle. IPTiStfto hea- vorkera llaht
or, a . Jll.2.".( ll.r.O
HKIMll' AS'li I.AMIIM Heeelpta 100O
head 1.1HIT Inn iheep 0 2S. top lambs
10. So
Kitel t. lamU. .March 2S TATTLK
ttecelptu 4:il)ll lei Ke earl .leer. sale,
tn iiultlilera .lead' I'ai ker, now ijirjdlrnx
'"w'.r .. "L1!"' eariing and helfera about
.tnad. 10 so iis'd cw. .11.1 her rlasaet
r.tead liul. . i. . I3',iIW7 elnrker. and
feedera atead- I .11 feeder, bid H ,SO calf
lop IP. .'.0 bulk IP c "
IltxlB Ileeeipi, 1 . mm head Hlow and
2.ic to .Vic lower than Haturda a average
lrlctl a packor a market fPr a PW eariv
rale, of . a and llgnia in ahlppera Top.
.!A e,1.'rV'i'i.lishl"m V0'"".0". Hshtl.utrh.ri
llor.o9I10HJ meilmni butchers finfrln.40.
leavle. Ill JAVD TA pickers ewea 2Sc tn
,S0i lower p!g. month 2.V tower
SHUKI' lleielpie ISIKi head Kalrlv ac
tive Ile.t light laml.e 2Sp to 60c hl'aher
other, .lead)' 110(101, I 7.1 paid for ,wn
ilecke of falrl) knod lainb. ,v rlt butcher.
pacaere re,ei,r.i o qouy decks of lambs
uiirri ,... -"i "." "nun oecg common
lanrba for 110 T ail and IB SO re.pertlve r
paid for medium holdo.er yearling, and aged
wether.
Railroad Financing Plan Up April 11
Washington March 28 The Interats'e
Ciimmsrcn Comml.aon announced today that
It would hear representatives of the Northern
I'scISc and (Ijest Northern Hailroad., April
11. on plans for the 1230 000.000 project to
ftnanr the lints using Chlcogo. rturllngtnn
and Qulncr stockholdings as colfsteral 4o.
ernora of Mmne.ota Wisconsin lows Hou'.h
Dakota North nakot. Montsn.. u,,
Washington snd Oregon were notified of the
dsle of the hearing ' "
Altlka Dr
Atlanta
Delcher Divide ... .
lilt Ledge ...
Ilooth . .
Iloston t Montana
Caledonia Mining
Candelarla Mlrrlni
Cons Virginia .
Cortes Silver . .
Cresson Gold
Cre.cent .Mac.N'emera.
Kl Salvador
Kmma sllser
Kureka Craeaus
Kureka Holly ....
tlold Con.
Hold l)nel . ..
Ooldfleld Florence ....
(Sold lCcerana. .
Oold Silver Pick
Hold Zone
Great Itend
(treat Dend
Hecla Mining
tron nin.iom
Juinlio Kxtenelon
Knor Illvlde . .
MacN'umara .
Mareh Mining
Mother l)de
Mother Iode new
Murra Mog .
National Tin
Nlpl.stng
North Star
Ophlr ai!er
Prince Con
lies Cons
rtnche.ter Mines . . .
Han Toy
Hllver King Divide
So Am P O .
Bland flllier Lead
Hurce. Mining;
Tonopsh llelmnnt
Tonopah rash Hoy
Tonopah Divide . .
Tonopah KxtenSlon
Tonopah-JIm llutter
Tnnopah Midway . . .
Tonopah Mlrrlng
Tonopah Mltpah .
Tonopah Montana
Tonopah Rescue Kula
U H Com
United Kaatern
Victory . . . .
West Knd Con
White Cars ...
Wllbert
no.vn
Allied Packera n,
Amer Agrl Chem Ji, .
Amer Tel ft.. 11122
Amer Tel 0s. 1024
Ansconda 7s, 102S
Armour 7a
Deth flteel Ts. 10 JV
Chi & Hast Ills Ks
Can Nat Ity oq. 7
Copper Csport Sa. 1B2S
Diamond Match 74 a
Orand Trunk dH a ..
Oulf Oil 7s ...
Hetns 7s
Humble Oil 7a
Inter R T 7s
Kent ecntl 7s ....
Morris 7H s
Ohio Power 7.
Mears-Hneburk 7s
Sharon Hleel Sj
Sinclair 7Ha
Southwest Hell 7 k
Stand Oil N T 7s
Stand Oil .V V 7
Stand Oil N Y 7s, 1081
wlit 7s
Texas Co 7a
t'n nv Havana H,e
Western Klec 7s
lliie.l.rt ,SH
Run. Ian OVis . ...
Hwedlih 0s
1022
1023
1030
30
07 4,
07V,
Ad's
030,
06H
U3
02
IOiV
00
101.
onv,
074
71i
oh;
0S(,
OS
t'SH
oti;
in
in i,
103
104
OflV
nss
too
10
in
801,
30
071,
071,
on
03W
oos
03
S3
100
IKI't
101
II.V,
08V,
07H
0i
71
01 '
08S
03
(I SI,
09
01
001
lop.
103
104
oos
osC
OSl,
ton
18
ID
8111,
M
974,
0714
nti'l
oas
oos
03
02!.
lOOft
OO'i
osi?
07t,
on,
71
OP.
OH'i
03
II.V,
00",
01
001.
1111'.
103
104
Ann
osI
08V,
100
IS
10
80V.
DIVIDENDS DECLARED
lnee Wllea nt.cillt Co II 7.S on .erond
preferred for period from, May I loin, to
Augil.t 1 101". payapie May 1 to tock of
torord Apt II 10
Charles Warner Co of Delaware quar
terly 80o on new common payable April 20
10 stock of record SIsrch SI, at! quarterly
l"s per cent on flrat and second preferred.
pnable April 2rl tn itocli of record .March SI
Huiley Machine Co. rontrol nf which e.a.
purchased hv (!neral Klectrb- Co a year
ago. quarterly 1 per cent on preferred
pat able April 1 In stock of record March 2(1
snd II on common payable April 3 in .lock
of record March 20.
rranann .-,aiiuidi numi quariari) n per
eeni .uic nvm , 11, ninrK or record
atarcn 01
llodgman Rubber Co iusrtirl i per cent
on preferred. pasb!e U11 1 to .lock of
record April If,
Imperial Oil Corporation innnthlt 1 per
cent on common and iuarterl 2 per cent on
preferred both paahlr April 13 to stock of
record March 80
NEW YORK COFFEE MARKET
New Yorli, Mnroli 'JN. -The locnl eof.
fee market openetl ()tiiet but steady at
a ilecllne of one to three points, with no
special feature In the un.v of market
news. .lust hefore the cull 11 special
Santos colilo reported the market there
iincliaiiKi'd l'i IfiO reli liluher.
Preilou. Clot nn,n
Ma f ssgsii 3 dsifto.nn
July 27V28 n.vneinsn
n.nsrtna n n2ifln us
7 HI OOS 7 00tf7(m
September
Decemner
Tax Free Seasoned
Railroad Bonds
We own and offer, subject to prior tale,
limited amounts of the following bonds 1
Security Rata Dus
Philadelphia' & Reading R. R. 4 1947
Improvement Mortgage
Mohawk & Malone Ry. 4 1991
First Mortgage
New York & Putnam R. R. 4 1993
First Consolidated Mortgngo
Penna. & N. Y. Canal & R. R. 5 1939
Consolidated Mortgage
Phila., Wilmington & Bait. R. R. 4 1932
(Now Firut Mortgngo)
Pitt.., Shenango & Lake Erie R. R. 5 1940
First Mortgage
P.&R.R.R.andP.&R.C.&I. 4 1937
Consolidated Mortgage Registered
Western Pennsylvania R. R. 4 1928
Consolidated (now First) Mortgage
Penna. & Northwestern R. R. 5 1930
General Mortgage
Western N. Y. & Penna. R. R. 5 1 937
First Mortgage
Pennsylvania Company 4 1931
Collateral Trust Mortgage
Lehigh Valley R. R, 4 1924
"CoxBroa." Collateral Trust Mortgage
Western tt. Y. & Penna. Ry. 4 1943
General Mortgage
Prlee,
84
78
76
95
87J4
94
832
88
9234
89
83
91
65
Bat).
5.12
5.13
5.30
5.44$
5.51
5.51
5.58
6.00
6.07
6.10
6.25
6.75
7.20
Circulars Describing These Issues on Application
Biddle & Henry
1 04 South Fifth Street
Th Information and tatltlci conUlntd hrpin hf hn
obtained from tourers which w bMlMA tn b rf habit
ja Chestnut Street
"ECONOMISTS have always taught that it is the
duty of all people to set aside a certain portion of
their earnings. Saving, though difficult at first, event
ually becomes a habit one of the most necessary and
beneficial habits that can be formed.
Your account is welcome here.
Fidelity
TkusT 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
i w
Todsy's Range In Liberty Bonds
Liberty .Vis. . fln'm fi'aiin liJi.oo
Liberty 1st lUs. . 87.B0 87.40 87.18
Liberty 'M 1 Va... 87.01 SII.OS so.08
Liberty lid Wi . . OO.HO DO.L'L' 1(0,10
Liberty Itli t'is 87 18 87.0S S7.18
Vie N'ntes .lajs.. 07 01 07.(11 07.01
Vic Notes Js... 1)7.61 07.58 07.02
To Yield
a ovioi
,
7 Gold Coupon Notes
Due Serially
May 1922-1029
Company Pays Normal
Federal Income Tax to 2
Net quick assets of Company
equal twice entire note issue.
Full information upon requett
Baker, Ayling & Young
JOSKI'll IV. HWAIN, Jr., Mumtsrr
Land Title Bldg.
Boston Philadelphia
J
Hershey Chocolate 7'28, 1930
Philn. Electric 6s, 1922
U. G. I. 8s, 1923
Cons. Cities Lt.,Pr.& Tr.5s,l962
Penna. Pr. & Light 7'28, 1951
General Asphalt 8s, 1930
Pa. Ohio Pr. & Lt. 7'28. 1940
Northn. Ont. Lt. & Pr. 6s, 1931
MCowit&Co.
LAND TITLE DUILDINQ,
PHILADELPHIA. PA.
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BIOREN & CO.
BANKERS
410 Chestnut St., Philadelphia
Government,
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EDWARD V. KANE & CO,
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C. S. fATTON & CO.
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