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18
EVENING PUBLIC EEDGEliv-PHItADELPHIA, WEDNESDAY, MABCH 30, 192X
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Kingdom of
Denmark
Sinking Fund
25 year 8rn
Gold Bond?
Due 1945
In 11.000 Btid :.n.i dsnox'
natlon.. Th. Sinking luj.l
payment, a. agreed to in tne
cnr.tract for this loan -
sutflolent to redeem the entire
loan at or Lefote maturlf .
Trice to jleld about
8.10rc
Ctrf,:sr on rtqven' for "AT-ifl
The National City Company
Philadelphia 142t Chestnut BU
AlUntlc CltjrChal fonts Block
1225 UoardwalU
MARKET D
EVELOPED
DROOPING TREND
NEW YORK STOCK EXCHANGE TRANSACTIONS
List Manifested Signs of Woari-
ness From Rapid Pace of !
Preceding Sessions !
PENNA. TAX FREE
SECURITIES
WH have for free distribution a
lt.t rf the more active Ilall
roRil and Public Utility bonds
that ar free of Pennsylvania
State Tax with .present martlet
quotations
Cop'J mailed on rtT'li' .'o
ompMrf P-f
Moore. Leonard
& Lynch
CUSHMAX NHTWHALL-, Mrr.
Vend Depart men:
1429 Walnut Street
Board Koon
Rit2-Carlton Hotel
Umbers
New Trrk Philadelphia, Pitta-
bursh Stock Kxchanjea
New Yorlt, March "0. In view of the
extremp narrowness of tho current
pvcuhtlon end the diminutive buying
power tho v.-earlnesi Nhotwi by today's
Mock market nltojctlW watt to be ox
ported nfter the rapid pocc and wld't
Hut tuntlons of two preceding session.
On Monday there ivns h sharp mnrking
down of values and yesterday they were
marked up uriin. TIiIh brought the
market to a juneture where a fresh in
eentivo was required to keep the pot
boillnc. Sueh a stimuli! wax lacking,
and befor" the market was a half hour
old it was finite obvious the good influ
ence of yesterday's unexpected con
fltructiro devIopmenU had lcen up cut.
At the name time, acting upon the old
established theory with the good new
out. the profesfdnmit traders either
realized profit or took fresh ventures
on the 3hort side of the lcdper.
Over-night deliberation of the pro-
i raised stiiis to lie tnUen by tlio nsh
I IriKton arfmltiivtrutlon to lind some re
I lief or the sorely pressed railroads
i took omi of the glimmer out of this
I new bullish star. It wan sensibly real
I txed considerable time muft elnptie be
I fore ths pondcNus leglHlatlre and ad
ministrative machinery could be got
tarteu in order to bring order out of
chaos and give any mntetial benefits to
the country's transportation industry.
Coupled to this was the neneral dispo
sition manifstd in tho more conferva-
tivo o,uartcr3 to wait for a decision on
the wiikc question before taking a posi
tive position on the croup as a whole.
Susplslons of a "nigger in the wood
,pilo alfo robbwl the Ameriran Tele
phone and Telegraph dividend Incident
of much of its glory.
Ovetshai'.owing i 'ithcr of these market
I elementary connldoratlona was the
known hungry desire of the professional
Sugar
Stocks
Wo have prepared a special
letter featuring tome of the
important cugar securities
containing alio data on soma
other leading stocks.
Ath for L-7
RK.GutkricfcC?
Uemlr rfci'a b'.oc ':?Sni
1418 S. Penn Square
SUITE 300
t-pRVi'c o:o; JiACK il
JVivile ll'irej fo .Vetc rorfc
1
f.jil Spruce 8200 I
BOUGHT SOLD QUOTED jl
I
U. S. Treasury
Certificates
All Issues
ki:ci'ritii:h dkimktmk.nt
Commercial Trust
Company
Ifrnlwr VMtral llewre "vnifm
City Hall Square Welt
.contingent to bag ivcry pngsible profit
! in sight with the cbr.nec of gcttins 'cm
i back again on the next reaction. Then
I from technical viewpoint it was unite
evident that u large part of the demand
1 at the high levels established yesterday
hud come from the covering of the
' widely advertised huge outstanding
hort Interest. In consequence, the
i trend of the market could be hardly
anything else hut unsettled and un
certain. Price tendencies were irregularly
higher at the opening, yesterday's rally
being for the mort part well sustained
or extended. Halls and oils were the
leading issues with food specialties and
utilities. American Telephone for
feited a part of yesterday's substantial
gain, but coppers continued to ease as
a result of adverse trade conditions.
Profit -taking and pressure from the
sticrts caused reactions throughout the
list within the first hour. American
Telephone was freely supplied at a 2
point decline, Harvester lost 1, Scars
Iloebuck, l'-j, and the oils, coppers and
leathers, 1 to l'.j. There was little
trading in rails, but that group also
yielded. I'nion Pacific falling 1 point
and New Orleans, Texas and Mexico,
l1'.. Moderate purchases of tobaccos
i and the cheaper rails resulted in varl
i able recoveries before noon, but this
was again oiiet ry tne neaviness or
specialties, particularly textile and
chemical issues.
LITTLE VIGOR A"
LOCAL TRADING
Talk of A'eic Financing Plans
Depressed Philadelphia
Electric Issues
Internal. Ry of Buffalo 3s, 1902
LouisriUo Gas & Elec. 7s and 8s
Grand Trunk Pacific 3s, 1062
Continental Motor 7s, 1922
Morton Lachenbruch & Co.
4s nnon rt. v. t.
I'hlli. Telohone Walnut HB1 SS
t'rivat vlr- '9 Nw Tork, C6lca-o,
St. X.OUH, Plttubrali Dtrutt, ClvloX
Grand lUpMs
Trading In the local stocks showed
little semblance of vigor attending yes
terday's operations. About the only
feature of comment apart from the re
current moderate selling of Pennsylva
nia Ilailroad stock and bonds was the
'continued freer supply of the Philadel
phia Electric issues. The oommon.
! however, was well supported at ye'ter
, day's bottom mark. 22, while the pre
ferred was fractionally lower ai -or.
About the only known cause for the
heaviness of the Philadelphia Kleetric
isMis was the renewed talk of the com
pany arranging some new financing In
the near future, which evidently will be
accomplished through additional offer
ing of the preferred ntoek Nothing of
ficial on the subject was obtainable, but
it is generally known tne company is .
in need of funds to pcrf-ct Improvement i
and betterment plans.
In Pennsylvania Itailroad there was
the same persistent feeding out of the
t.ck whlchs eerna to automatically stop)
when the market shows slfns of satura-
tlon. This moderate liquidation brought
tho stock back to Soln arter opening at
It was u ca.e of fraction shading in
most of the other lotal stocks, but these
, recessions were ull mado on limited
i dealing?, except l.ehigh Navigation,
which declined to (i." on fairly Urge
i offerings. Trading elsewhere was made
up of odd lots.
ia!M
SOD
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40
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m
1300
800
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su
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TOO
100
400
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moo
140
100
'.-00
160
too
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300
160
100
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400
100
103
440
100
400
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3300
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100
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100
2000
300
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100
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400
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1100
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1000
1000
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400
saoo
300
300
3300
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100
300
100
100
COO
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too :
300
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100
1100
300
3400
10ft
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to
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io :
100
400
1100
204
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30
600
100
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1700
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13300
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300
100
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14
3000
10
St
100
100
CO
100
ISO
300
100
340
100
300
300
I 100
400
40
100
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1000
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10
lft
1M
I)lv
in $
ItlKh
Advance HUmely .... 17:,
Advance Rumtly pf.. S0JJ,
AJax nubber 33
Alaska Oold Mines... ii
Abiaka Juneau O M.. tit,
Allied Chem & Dye... 43H
Allls-ChalnK.rs 37 j
Allls-CJialmers pf .... Bill
Am ArtIo Chem 4H
Am Beet Sugar !4
Am lloech Magneto... tift
Am Can 3H
Am Car & Fdy 134H
Am Chicle 21
Ani Drug Syn li
Am Kxpreas 13lU
Am Hide A leather. .
Am Hide & Leather pf 44U
. . Am Internat Corp.... 4SJ4
3 Am Unseed 4j
o Am lxcomotlvi 87
. . Am Safety llaror M
4 Am Smelt A net StU
7 Am Smelt & r.of pf. .. "i'i
3 Am Stcet laundries.. 0Ji
7 Am Sugar Itef 4
7 Am Sugar Itef pf . . . . 101 Ji
10 Am Sumatra lob 804
3 Am Tel & Tel 10H
12 Am Tobacco llfJi
Am Tobacco pf new.. 1
13 Am Tobacco 11 114U
7 Am Woolen 7tli
. . Am Writing Paper pf . iUii'
.. Anaconda Copper .... W
4 Asro Dry Ooodn STo
7 Asuo Dry Goods Id pf SS
0 Asso Oil 103
0 A tch Top & Santa Ke. 8l?s
. . Atlanta ntr & Atlantic
7 Atlantic Coast Line..
10 At! Gulf W l S S.. .
7 Baldwin Locomotive .
. . Baltimore & Ohio....
Baltimore & Ohio pf..
Bamsd.ile Clssa B
Bethlehem Steel
Bethlehem Steel n.... 3)J
Bethlehem Stef g priori
Bethlehem Motors ... i
Hrviyn Rapid Transit Hh
Burns Bros
. California Petroleum .
7 California Petrol pf. .
3 Cut Zinc A Lead
4 Calumet & Artsona...
10 ('.tnndlan Pacific .
. Care J I
. . Central Leather
2 Csrro de Pasco
7 Ontral Leather pf...
in Chandler Motors
4 I'hes.'.po.ifcc Jfc Ohio...
.. Chicago & Gt West..
. . Chicago A Ot West pf
. Chlcaito Mil A St P...
. . Chlcniro Mil & St V pf '
1 Chicago Korthwestern 5
8 Chi Pneumatic Tool.. 4
. Chi R I 4 Pac !
0 Chi R I & Psc 6 pf SI
Chi R I Tac 7 pf 7
10
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. 31 W
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Chlno Copper
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Cliv cin Chl A St L pf '3
7 ClU'tt Peabod ypf . . . . 14M
. Col A Southern 80
4 Col A Southern 2d pf. 43
0 Columb Ools A Idea. . COW
.. Col Oraphophons .... 8?i
.00 Cons 1Mb lno 8Vi
7 Consolldatetl Gas .... S3
Consolidated Textlleu 191a
.. Continental Candy .. 1J4
4 Corn Products Ref . . . 74
7 Corn Products Ref pf."S!'4
8 Crucible Steel 89H
4 Cuban Amer Sugar... 38
.. Cuban Cane Sugar... 2)i
7 Cuban Cane Sugar pf. 0454
.50 Cosdcn A Co 38)4
.80 Dtbeers Cons Mln Ltd 14 Hi
Delaware A Hudson.."!'.
0
.. Denver A Rio Grande.
. Denver A Rio Gr pf.. IV
1 Dome Mines 18
a Kndloott-Johnson .... 3
.. 7Ie H
.. Krle lstpf "U
.. Krle Id pf 18
8 FYmous PUyers L.... 7Vi
8 Famous Players pf... 87
10 Fisher Body 87!4
.. Flsk Rubber "Ii
. . Kreeport Texas 1!'
.. Oenernl Asphalt 4H
S General Asphalt pf..,10
General C!rr 0)i
t General Eleetrls 137U
1 General Motors "M
Gon Motors dtb C.. 04 H
1 Oen Motors deb 7 . . 7
8 Goodrich D F 37J,
1 Ooodrlch B F pf liYi
1 Oreat Northern pf.... "4S6
4 Great North Ore ctfs. 30
. . Gulf Mobile A .N'or pf. 34 H
7 Hartman Com 70
4 Hoskell A Barker Cur ft
Hendee ctfs 20
Homeetalic Mining . . . M
. Houston Oil 7TH
l Hupp Motor Car 144
7 Illinois Central 8TJ4
u Indian Refining 8H
f 0 Indlahoma. Ref
. . Inspiration Con Cop. . 31
.. Ir.terb Con Corp !4
. Inter Con Corp pf... Utf
Int Harvester new... !
7 Int Harvester new pf. 10JI4
H Int Mer Marine pf.... alja
. International Nickel.. Hh
. . International Paper . . SM
.. Invincible ull Corp... li
Island Oil 4S
. Jewel Tea "tt
. . Jewe'. Tet pf
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Kansas City So pf . . , .
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Kefcwy Wheel
Kannecott Copper ....
Keystone T A R
Lackawanna Steel , . :
Lake nrie A West....
Iee Rubber Tire
04 s.oo Lehigh Valley
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104 la l.orlllard Tobacco
" 7 Txrlllnrd Tobacon nr..l
"0 . Malllnson A Co 18
.160 7 Manhattan Kiev tfuar. 3
"0 .. Majtwell Motor M
30 . Max Slot 1st pf ct sta, 8
!0 . . Miuwell i f o of d eta 454
30 s May DcDt Stores 8
804 13 Mexican Petroleum ..1414
shoo. 1.80 Middle States Corp.
344
30
144
30
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364
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104
100
300
409
804
304
306
1480
104
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364
1104
106
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704
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Minn A St Louis "Ts
Minn St PAH St Me., tlli
Mo Kansas A Texas.. '!4
. . Slontsromery Ward . , 17J4
.. Missouri Pacific 18(4
.. Missouri Pacific pf. .. 37)4
.. National Acme 2454
7 National Biscuit "7
. . National Con A Cable 354
8 Nat Enam A Stamp.. 01 4
.. Nev Con Coppir 54
N O Tex A Me 8&
10 New Tork Air Brake. . 77
S New Tork Central.... 7154
. . New Tork C of St L. . 48J4
. . New York N II A H. . 1754
1 Nw Tork Oat A W.. 17
7 Norfolk A Western... 97J4
3 North American 6
7 Northern Pacific .... 78?;
5 Nova Scotm SAC... 8
. . Ohio Body A Blower. . 54
.40 Okla Prod A Kef .154
.. Otis Steel 1354
.. Oils Steel pf 7
3 Orpheum Circuit .... 3
0 Pacific Gas A Elec. ... 44
.. Pacific OH 3754
6 Pan-Amer Petrol .... 7154
3 Pennsylvania R R. ... 38i
.. Penn Soaboard Steel.. 154
. . Peoples Gas Chicago. . 4154
. . .Pero Marquette 154
9 Philadelphia co 33)4
.. Phillips Pet WJ4
. . Plerce-Arrow Motor. . 84
.. Pierce Oil 11
8 Pierce Oil pf 73
S Pitts Coal 83
.. Pittsburgh A W Va.. 37J4
8 Pressed Steel Car.... 88 J,
4 Pub 8erv Corp of N J. 07
8 Pullman 16W
5 Punta Alcgre Sugtr.. 48
4 Pure Oil 33)4
.. Ray Con Copper lift
4 Reading 714
2 Reading 1st pf: 45-4
.. Rem Typewriter . . 81t(
8 Republic Iron A Steel. 87 H
.20 Royal Dutch N T 854
1 St Joseph Lead...... t
.. St Louis San Fran... 33H
. . St Louts Southwest... 3j(
. . St Louis Southwest pf 38)4
.. Saxon Motor 4)4
8 Seam-Roebuck 0Ji
.. Seaboard Air Line.... 8
. . Shattuck Arltona Corp W
.72 Shell Transport 4
.. Sinclair Oil 3K
8 Slosn-Sheff (4
0 Southern Pacific 74)4
.. Southern Rail 3154
3 Standard Oil of N J. .14
7 Standard Oil of N J pf"7)4
4 Stewart Werner Speed 31)4
. Stromberg Carb 87 H
7 Studehaker 78
1 Submarine Boat Corp 854
. . Superior Oil Corp 4
8 Superior Steel 44
.. Temtor Corn A V "A' 13
8 Texao Co 41)1
Texan A Pacific 33
1 Texas A Pac C A O. . . 3S
. . Third Avenue lBJi
A Tobacco Products .... 43)4
3 Twin City R T 43
.. Transcontinental Oil . ll!
.. Union Oil 35-4
10 Union Paclfto U4H
8 United Fruit 10)4
3 United Retail Stores., (,
..US Food Products.. 3)J
BUS Ind Alcohol 07)4
8 U S Rubber 7H
.. United States Smelt. 374
5. SO U S Smelt A Ref pf.. 43
BUS Steel 83)-
7 U S Steel pf 110)4
4 Utah Copper 47J
.. Utah Sec 11)4
4 Vanadium Corp 3t)i
4 Va-Carollna Chem ... 38)4
.. Vlvaudou Inc 8)4
.. Wabash 7
. . Wabash pf A SIJi
3 Weber A Heilbroner.. 18)4
.. Western Maryland .. 14
.. West Maryland Id pf "H
. . Western Pacific 38
Western Pacific pf. .. . 87)4
Western union Tel... 88
Westlnghouse i: A M. 48?;
Wetlnghouee A Brake (S
Wheeling A L K )4
Wheeling- A L H pf. . . 18 i
White Motor 41
White Oil Corp 18)4
Wllly8-Over!ar.d 8!4
Willys-Overland pf . . 331.
Worthlngton Pump . . 0
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354-
174-
184
3-.
54-
"7J44-354-
61)4
54
88
76
54
14
"54
3H
3H
!4
14
I
)4
'i4
54
14
54
14
14
54
"4
U
54
14
HEAVY TRADING
IN CURB ISSUES
Sevoral New Stocko Appear,
Simmo Potroleum In Big De
mand Minos Quiet
J - 1J4
71 -
"144-"4-17
-7
4
C -78U-S
54-
354-
"54
7
1
114
54
54
14
14
H
14
14
-
- 54
4-
Hit
4
38
70
3
13 -
43)4
"54-
33 -
36,4-t-3354-
"54-714-
8254
37 -8844-67
-
"44-
4754 4-
)4 , .
"14 ..
76 - J4
454 4- i4
31J44- IK
07 ..
454 4-
13
33J44-3J44-38)4
s -
88 -
48 4-
4-r-44
754-
31V4-
14 -
"V54 .
864
87H-
7654
84r !i4-
44
13 4-
41J4-
33)44-
38 -18t4
f
464
43 -
"Ie4-
31 T
4
4K-
234 ;-
6644
88K-38)4-48
f
81)4-11
44 -
11
30 -
254-
!4-74-
36)4-
"54 1
164 18 -38
07)4-87)44-4H
3 4
854 4
184 4
41 4
"4 4
8J4 -
3SJ4 4
56 -
M
!4
54
H
54
H
Ii
14
4
114
54
2)4
1
14
54
4
54
"l4
14
54
4
"h
54
tie
54
154
54
54
i
54
54
5S
4
54
1
14
3
1
14
54
54
154
154
14
- '4
li
New Votlt, March no. There was a
further marked Improvement In trad
lag on the Ilroad Htteet Curb today,
di.nllnea In a number of stocks being
on an unusually large Hcale. Htveral
new Issues appeared In which there U
a high degree of public Interest. Among
these were the shares of the reorgan
ized United Street Hallway of Bin
Francisco, traded in ns the Market
Htrect Hallway, the common nelllnc at
3Va, the prcferrerl at 44'j to 40, and
the second preferred at 7. ...
There was a fair amount of buslneM
also In the- reorganized Chicago and
Eastern Illinois shares; when laimed.
the common stock HcUlnjr at H',4 aa
the preferred at 32.
The heaviest dealing during the day
were In Slmms Petroleum, ovr 00
shares changing hands ot 7 to 1 H. The
stock was 1u brisk demand from purees
which were formorly Identified with Us
control. Maracalbo Oil was gln
heavily traded in, selling at 31 to
82 Mi. but lost Its gain on a reaction
around midday. Merrltt Oil was hrm,
moving up from 11 to 12, and In
tcrnatlonal Petroleum was traded In at
14i to ltV. Carlb Syndicate sold at 1
to 7Vi. C.uffey-Gllmple ranged from
11. to lli. . , .
Industrials moved within narrower
HmltN Durant Motors reacted ,ffom
i,,r.N; oil'. nA I Columbia Emerald,
which had been strong recently, , wm In
supply, selling down to 1. Car Light
was steady at 1 to 2. Southern Coal
ond Iron was a prominent feature,
being in demand on reports that It is
arranging to take over Important Mr
glnla Iron urnace
xuerc was no niivwiut - v-
mines.
CTJCSTKIAIS
Aoma Packing
Car Llsht
Chlcaeii A 14 I ......
Chleaso B I prof...
Columbia Kmerala ...
lnirnnt Meter
Kmplra "ool
itarkst HI m-
Marltit 9t Hjr pr.f . . .
MurKet at ny id pref
Perfection Tire
Prof Shares n .....
l'ref fiharea Ufa pref.
nadlo Com ..........
rtadlo Com prst ... ..
United Profit Bhartns
INDEVKKUKNT OILS
Allied Oil
llcjone Oil
noston Wyoming
Carlb Srnd
Oltlos ttervlce "B" ctfs ...
Denr.v Oil ,.
W.IU liailn Pet
knaineors Petrol
Far l't .,
rkdrM Oil
Olenroek Oil
QuRey Ottl.sple
lluonon mi
Int I'etrol
MarttraltM Oh
Merrltt Oil
Mexico OH
Noblt
Producer A nnn.r
Salt Creek new
Ulmrno Tet
flktllv Oil
Texas Pactfle Coal rlvhts.
United lloyaltr ; . . .
Victoria Oil new
y Oil
MIKING
Alaska Br Columbia
AUanta
Ills l4dr
Hooth
Itonten at Montor.ft
CaledonlK Mlninir
Car.rlelarla Mlnlr.i
Con. Vlrsinla
CroMon Oold
Croicent MacNunara ....
Kmrna. Silver
Hurefta Croesus
Rurolia Holly
Oold Con.
Oold D.v.lcp '.'
Oaldfleld Plorence 85
Oold Kewan&s 2
Oold Allver rick r
Oold Zone IB
Orrnt Ilenrt L'
Ilecla Jllnlnit f
J umbo Kitonjlon H
Knnx Dlvldo 17
1:80
HUh Low P."1-
.4 3A 4
o 1
. l?ti 1454 14U
, 83 S3 S3
I 8l 3tS 31V4
; 2 3i 2
,! 8H 3?4 8
I. 48 44V4 44V?
:: i k I
.2 l' 3
i g 2
:.' 254 25 2V1
. 1. in ih
Commodity Markets
New
COTTON MARKET
York, March 30. A
gowl;
LIVESTOCK QUOTATIONS
Chicago. Marrh ro CATTLE Ilecflpts.
0000 hrail. Beef .leer. a-enml!y steady.
Earlv ton, 80.80; .on htld hlsfcsr: bull: beef
utter.. SR,?ftf!R 30: titcher una .lock and
hull, atcady. bu'U fat cov. url heifers, 13.25
1951
1923
Penn Power ck Lt. 7s,
Ohio Power 7s, 1951
Phila. Elect. 6s. 1922
United Gas Imp. 8s,
Kingsport Utilities 1st 6s, 1937 j
General Asphalt 8s. 1930
MCowit&Co. i
LAND TITLE BUILDING, 1
PHILADELPHIA. PA.
Member l'lillulclphl.t Stock P.Xfhjrut
Philadelphia Stocks
iiisn
ItRald Ioco
pref . . . I),
t.'i a
flT
1 IS
s m
fl
1041
STOCK SALESMEN
IK I'M- AKK IIKilt 1'Kh'S'THi:
si-Bf-nriK -i stock s.u.kn.uan
YUl' W1M. AlTKKt IATK TIIIH OP
rORTTNIT Tl M.VKK run mom:
QVICKI.Y (ALL
ROOM 1S31. STI11K KrHOK IIMlO
KTKlt Oi.'IO A. M.
13
?3
33 Vj
22'
2 1
77!-
3.T,,
74
27i
33 i
1 1 St
iou
31
IH'AJ
cr.,i-- '
i:w..
351,4- 1
74 -f.1
Luxcnie Co. (Jan & Elec. 3s, 1948
United Gun & Lice. 6s, 194.1
Phila. Electric (38, 1922
HENRY D. B0ENNING & CO.
MOCK rcXCIIANUK DUII-DI.VQ
Dlrct I'rllaie T.l.pltonf lo New stj
Meabrra 1'hlln. fltocll Kxrh.cs.
I." KlecStor.l04Vj
421 I-h Nnr. OT.1,.
lOOt.Mid Kta
Oil ....
7C2 Pa H It.
I Pa Salt..
.", Pitts &
Vst Va 27 H-
:a) Phl'a in
",ini if..
:,C) Phi'a Klec
l'Kj do pref..
10tltudehl.r.
KK's)Tono Uel.
JOjtTrans Oil 10Vi
JO l'n Trac 31
3 York Hwy
pref ... 30
"i cli.r.j.. md by corr.parlor. with
..- . n Neir Torlt St:t lixcfiani"
Nt
chfe.
3
undertone prevailed in the cotton mar- 1 97. 30; cinner. and cutters lant.Iy 884H.SO;
ket which opened 5 to 1C points higher. '! hu. 7S5.75. v.i calve.. 2c to
reflecting firmer cable from Liverpool. n(c '"" "'' veaieri to paek.r. J7.S0f
Wall street. I.lrerpool and spot houses 1 R s-.orkfr. nd f.-edera. .trone to 3Jo hlihcr:
bought, while ofteringa csnie mostly ""'hj'" ma-y 1259 lb. .teem to
from traders hating southern cunuec- liooa neceita,' 10.000 head. slow,
flonJ ' '.'hta lOe to lfte lower; other. teady to 13c
1. , ,i rh. f. flft- miniiteH , h'lir thfcn j-eieterday'a aver.ire, llslit
At the end of the tirst tllte.. rainuxM , butun,r, up mo,t ToPi 110.23; bulk 200
the market wuh about 15 points higher I n-'undu down, .7810.20: uulh. 230 pound.
and steady Part .ot the .buying ; oj 'July; v ,?J.- '&& t.if. ...jr
was understood to Ix; for lrench ac- ..fn. ,t0,.; rrit ..i,., .i,.ep and yearilnx.
count, estimated nt TiOOO balei. laiwut steady. Lamb., 25c low.r; koo.j -j.
!rv-Alnf ,.f ..niton nt the nnrt fori1"01"' 1orn learllnsa an-1 JT: 100.
J.ccetpts ol totton ai ine ports iorpnuri) torn wrth,r, tr.(1 ,n(,rn ,, ,,. -M
the day are estimated at 1 LOW bales, nr.i is 73, respectively; ood 8S. pound Col-
against 14, 7W) bales a week ago, 22.1HIM o.-.da arnbe. 19.23: no itioleo lundy iamb.
bnlc a year ago and 13,u2) baleu two " "-r"'
Financial Briefs I
Oil r.r.tl nflae intl 1 , .ilrt.,.i.. .
cf ihj Kl,fle 6toVa,V I.tUVJ- C.. irllb.
W'."ji 'i. ,ha untown ttlee ef th
nut atr.J l C" "'ati urA the"
The avrrasK price ef twenty active In.
dutrlnl stocj. adT.nced 0.04 tir ".nt ye.
lr''V .,0 77iI'V . whl!' ln twenty rail
roidn advanced t.S3 per cnt. to 71.71,
I p e
T " 2a5t
8H fit f'i
k 'X K
2 in 2
1J4 1J4
11C 11C nu
15A 1S ''
BIV4 SI, J1W
is nji 12
a t :
18 18 18
5 6 2.
I i I
i1 1
4,V 4 4A
08 A8 10
12 12 12
13 13 13
f 64 04
154 1, Iri
13 15 13
8 2 3
10.1 SO 88
1H 14 1'4
6 0 d
MacNamara
Marrh .Mlnlnx . . . .
Motr.rr Lode
Ntplinlnff
North Star
OnMr Hllver
Prince Con .......
H.x Cons
Ilocheitrr lllr.ns . .
San Tor
Silver Ktne Divide
(Hand Hllver Lead
Bucce.s Mlnln , . .
Tonopah Kelmont .
TonoDt-h Ca.h IIov
Tonopah Divide 1U
14
7
SO
V:i
0
IS
ti
r.
IS
3!)
17
V,
0
Id
14
7
50
3
'
c
18
18
14
7
30
7
ll
1J4
4
&
7
"i.i Sjath Vv
mn
ir. income ot la.iss.SBi or
Oil Co.
ed
yearn ago.
Ms: .. ..
Jul
Dctot".-
Dectn:br
J..nur.-
Pr!oJ
Cloie, Ope-i
! 12'fi
. IB. 21
. 13 7
. . H S'l
12.81
12 HV
18.33
111 32
13 70
12.30
p. xn
12 41
12.M
13.38
22
:ii 1
77',
GRAIN MARKET
I Chicago, Manh 30. -Huying power
I in wheat wan poor thiR morning and
!thi market was wealter. Jxnl oner
- tV
1 '
30
10V
31
30
., , in.- ........v "" .- inn is; rauKi.
1?, ntoM were Inclined to preas the selling 1 and p'.xs. 110 MS
jj side, being encouraged by selling by a "'VJikkp Vrvh
Httturh, Jlarch f.r,. HOOS lVe,.,.:pt,
!0i)O h.nd. Ixnc.r Heavies. ID.30O0.73;
htivr york.rs. Hunt rcr-eri and pisi $10 73
VII
HHEEl' AND UVMnS Reelpt... 400
hrail Hte.dv. Tup sheep, (8.23; top lambs,
tH.30.
CAt.VKS Receipts 830 head. eteadr.
Top. 412.
Kut WutraU. Ma-eh 80 CATTLE He
celpt. 23ft heal. Atoit .teadr. CalreM.
receipt.. SD head Tteufi". 313
HOOrt rtrcelu'.i. 400O hed. hteadv to
IOc hlsher Heavy. n 2f IO, mixed. 110.73
ttios;; yi.ere. iio.T.-.nii: iisnt yorkers
liunavrii: rousiis ,.7308:
C. S. PATTON & CO.
311 4 ciii:ktm't kts.
BANKERS
SucTeor. '0
HAllKl 4; .STKVKN.NON
llsuds nnd Ntocks booiht and sold
on iiininilln
Member. I'hIU. Stock Kirhange
n,Anln.n, fihlrtrilntf f'(.nclm. Warmer
weather and Htibxidlng feara about dam
age to the i'rop were among the bearish
influences.
Moreover, there were no new export
orders in night and Italy was said to
'have bought two cargoes In Argentina
,. ,., 1 at "-veral cenU under American quota
,.,' tlons. Shorts and scattered coinmis
LZV!klon concerns bouzht on the break.
""''4 1 l,.V. ,,,..r,.,l .in,.li,.,'f.H fit 1 .r.H
I . ', .-,.. I .V r-ft i.f-.' ,....L,1 ...
$l.42-i to 31.42, against S1.43V4
at the clone yesterday, aud declined to
WMhlncton. March no Petroleum Cock, j.l . V. .J'liy was quniru ai sj.aiw 10
tho unitea H' es im reaeeo i". si .Wi a; tne outlet, ugainni. l.-UVl,
venterdav s mnt priff, una ssggeu to
1(1.2...
Corn was weaker and May touched a
new low (Milnt for the seuson.
.May opened at uo&c to ', nnu
nuijtnKf-riiiA bonus
1000 Liberty 2d 4i,s
K(s0 l.ehigh Valley foal .Is.. lots
3000 Pennsylvania 0Vj. lot
1000 Hpanlsb-Ainerican tl
1)7
head
I0.T3.
Lambs.
Othorj
1.4.MI1H P.ecelpt..
3 l.lvh.r Larabe,
uncharted.
.1S0O
d
Yitt 8t. Lools. March 30. CATTLE rte.
celpt. 3300 head Pw early .teer nalea
steady to .Irons, 80.30 paid; cow. steady
and few spot, .tronv: bulk. I3.30tj-.fxi;
choice enws. 17.78; h. Iters slows bull, .tsady;
veai
Dig Gain In Petroleum Stocks
BOUGHT SOLD QUOTED
I'hlla.. Ullmlimliiii & II 'Mo. la. IU.'l
lleeeh ( rrrL II Ii 1st 3v. IU31
i'fllinl'uiik I .ll'i'C 4tV. 102 1
l"r.
bur-eli durlnx el.Tuar a-rnrd!n 10 Ken
inipi iari' runjrl. wlven out toaas
I Dumo.t.o prel-.H-tliin raad 180. 000 br
re'.s a J-iy mora than It ran k year o.
I thouxh Import. amviniX ft 10.0n0.0oo bir.
i rsls under the Dei-ember total. r-onumptlnn
, .... virtu!!. MtAtlon.rv and tola! .fork.
r.o ....-t;'! : ;.-.- :.."...i . . . i . . . - .
on haivl rV"r,itr.vS''nACL" e.umateo ai atcr R0 , at a net I03S Ol -JtC
appro, Insattlf .A0O.M0. barr. . purine I ' ' , , ,, . tt0(..c
UIO IliOnin J. 4 . vniivi . iivuuv7i ," -- - . - -
, iifiii.'iSl- ..'.Wr Ia?4. o:i..,!f.!fWiSi!r'. "TLaLT:!''1'' n-aln8t
riliirv lv IfJirtl o o- iisVUUV (uirtir im' - V .. .
at 03c.
against
bulk. 3.23(re.2S; others ela.ee. steady
cair mp. in to: iiuix. isvn.cu,
HOOH neceipt., lS.OtiO henil Slow and
steady to 10c lower, bis packer, dnin. under,
tone lower: t'jp. 110.33: bulk llshta. JlO.lOfT
10.23: bulk m.dlitms. (V iOOUi; bulk
h.avlia. tdt8.30, packer sows, 23c to 30c
lower: pis. 10s to 20o lower, quality ine.
dlnni to coml
HIIEKP Ileeetpts, 700 head Kalrlj- ac
tive and 23c to 30c lower, rr.net nt run clip
pud lar.lb. which .old at 3DO0.23 er.sl were
around ,3. pound average; one deck of i;uad
US-pound wonli-d. eJ and tTO.vesr.old
wethers br nielit IB CO.
Liverpool Cotton
Littrrxwi, winn bo. i-nero v.
.united demand for enot cotton today v.
prlu. easier m the bails of a, docllnu
S3 polnM for mlddlnt at 7.8M Tha sa!
,n;
with
of
a.1a
wore 3000 bale.. TH receipt, were 13,l0
bales. Includlnr 0400 bales American. KU.
lures wsr. steady In th. early dealings,
KtiAt nrlodi w.rei American. mMdlln fair
n., .lull n,l nul.r nn vellln'r I 1 f.osdi cond middling. 0.03d: fulir mid.
,.ak- ... .... -- - .. ... " I dtlnar. .88d middling. 7.BRd. low middling,
by IoihI operator. , , B.dHdj irood ordinary, S.4Sd, und ordinary.
i!Uy:f -"'
on the atoei. aniln.t t2.n1,2!,t 'cr 31.1 SI a
ehar, the prcedlnc year
. "i''1;';a.,? of. banker. 1. filtering at a
""" " ii.in o.sa per cant on the trvre.t.
mer.t I2.nflo.000 teny.ar 8 per cent gold
"l of the Indlahoma nflafng Co
Th,. M,k n-ibWr
uaiAr.c-
stork r)
cornput
the prov
Tonopah Kxt.n.lon
Tonopah.JIm Duller
Tonopah Midway
Tonopah Mlnlnc
Tonopah Mlxpah
Tonopah Monlam
Tonopah Itescue Ku!a . , . ,
United ISaatsrn
Victory
Weet Bnd Ccna
White rapt
Wllbert
IIOMW
Amer Aerl Ch.m 754 e....
Amer Tet 6t 11(23
Anaconda Cop 7s 1923....
Armour 7s
Doth 8te.rl 7s 1033
Chl n . I 0
topper Uxpurt 8s 1V23. . . .
Copper Rsoorl 8. llr.rS...
Csna Oaa H... ........ .
Diamond Match 7V4...
Orand Trunk OVi
uuu Ull 7S
Ilumbio O.l 7r
i.i rant A Myers ....
Nat Leather 8s
Sears P.oebuck 7s 122.
Sr Roebuck 7a 1021,
Sinclair 7He
tiolvay 8.
Southern IVwy 7s
Houlhwe.t Ilell 7s
Co, Inst year earned
of JJ.180.183 .Tillable for eornmon
it'vldtnds. ,r 11.88 a share? Thla
""h 13.094.037. or 3.00 a ah.Ve'
rtQJB sfl"a
Culamet biu Arlxoia tinln rn ,.,.,....
i.fr 1B20 of ll.B49.20a. eo.il
24.410,
!i,vVl"ll r 1B30 of
1 V.? snare compared
or eighty-ens cents a share
New Cornelia Copper Co.
e.rninr. mr iszn of J001.187. equal to flftv
!. ZT.. r "n-, compared with 117,240,
or about on. cent a ahare. In 1010. "",u'
with 152
Ii 1013.
r.ports net
of tk. Martin Parn- Cirnnra
iirAra iitl eierit. . :
J ta.ei. t A, ,." '.'"'.'" -V'.r ciiarge.
earned an the 100 Oo'o" Mmit2L"-' e " 'M"!
ck of ro par alu-. cutiut.j,n ,Xl
Tlie riport
Hon for toil. .'new. i.it nrop.1
i-i i
close of last vear
of At 177 iV" ' .W." ?' "rn"1 n"
wltl riJOiroir' TlVo? a Vha're "X.
ceding year. Hurolu, .rtS.'V.JTA -21. PJ.':
ir-sRVj fiTi,?,:-,o B::8'"5- '"
u
13
18
0
A
13
V
7A
8
07 li
U7U
08'i
98U
05
. U2S
. liOVi
. .3H
.100
.1014
. U8V4
. 00
. OOH
. U
0SS
. 8Ci
. P3S
. ai
. iooh
. on
OOVi
.1 .
18
I
13
07 ii
U7
PS
fiS
03.
C2Vi
0V,.
H3U
10U
1014
U3.
OdU,
HUH
03 V.
031,
tish
i)i
100
en
ou
12
18
0"
8
1.1
S!i
4
V'
it '
07 '4
:
on
'J8V1
Osli
03V
100
101 U
V3S
U0
)S
DO'?
0V
U3H
03W
01
100H
08
1)314
O J 4BJ iVatU . . I ' I It 1 U I 7 I U I
a o : y 7 1020 loivi loi. ioiH
SONY 7. 1027 101 H 101W 101U
sony 7. loss man ioj iojvI
ci i kt v nm loin mot Mij ii'
B O N Y 7 1030.
H O N Y 7S 10.11
Hnlft Co 7s
Texas Co 7s . , , ,
Swedish 0s
102 102ti
i3 iu;i'.
Wit Wn
fii H.
86H 80H
103
102U
0H
n
80H
Stockholders of the rills. H.rvir. r-,.
annnal me.ttne to be
will be a.ked at 'he
ncia on Apni .il if. approv
ii-iu .ii ai,i,i , r approve .n Increaie I
the authcrlr.ed cwrmon sto-l from S.'ooon
000 to I1OO.OO0.O0O n,. .?.il?m. ."''?;
vide additional shsreg-farTli' rTwim Vort
b.nturea
mints.
and for other corporate require-
Ask Change In Shipping Rule
Waahlngtan. Mrr.'ti CO. The Natlonsl
I.lvestoek Exchange then . hrlef today with
the Interstate Cornmerr. Commission sup
pl.mentlng Hs eomytalnt against preient
railroad rule, whloh ba.e carload charge,
on livestock shlpm.nti upon th. htghe rate
on snr pcles m 'h. ear. The rule rtls-eouras-ea
tsnn dlvjriincatlon In that many
fsnners outjid. ;.f th. gtoek.ralslna terrl
tary are unable to make up csmsl.'s car.
joayots(0f csttle. nives. shsep and hoiil
FOREIGN EXCHANGE
New York, March 30. Tha foreign
exchange market opened Htrong this.
morning. Sterling cables showed un im
provement of liA cents at 3.01, and de
mand 8.1)34. KrancH showed a gain of
114 polntB at 7.0 for cables and 7.04
for checks, ar.d there was a rise of 11
point In lire, cables being 4,18 and
checks 4.1TV?. Substantial gains were
shown in a number of the other ex
chungen. Quotations were:
SwI.sh cable 17.30, cheek..) 17.33;
guilder ablen 34.00, rhecUn 34.05;
pesetiiH i-ables 14,05, cheoks 14,03;
Stockholm cables 23.05. checks 2!1.(!0;
Chrlitlanla cables 10.25, checkn 10.20;
Copenhagen cables 17.cJ5, checks 17.80;
UoiBian cauiea (.as, cnecks 7..I7, ranrki
i.ou..
The premium on New York exchange
In Montreal today was 12 per cent.
The discount on Canadian funds in
New York was lljl per cent.
YKSTEIIDAT-B tlKAL QUOTATIONS
.Sterling I'ranca lre Oullders
DemsnU .... 8.014 0.04 4.00 34.83
Cables .... 3.U2S 0.9J 4. OS 34.43
TODAY'S OPCNIN'O QUOTATION3
Hterllng Frane. Lire Onllders
Demand ....8.08K 7.U 4.17M, .14.33
Cables . . 8.84 7.03 4 18 84.00
10:
.Vitniv uh lo ,.i'll
junuel K. Phillips & Compjuiy
ktassbtra' I'hUadelptiU Stork Kxthaton
itft Cksstaat 0trt
Bel1 Telephone Raises Dividend
The lie' TeHiVnr Co of I' uiii'inl.
' (! 1 4-limr . 'Ii T .. . 1
. . r nj..ihlA r.AV. 1 ti elm If
,f rooird March 23 This is an lii.reai i. ., .tiu.c. Senternber opeiit-u uncbanged .....
h..r.t. from bMU of 8 t ctnt to 8 pr I. Aiitc and Bagged to 41"ic. dav it
,- -- - --
1 1 ?i
11
r 1111m ii'ii'"-. .iB.UHJj
May opened V4" lower at 40c, and 4,08d
.v.f.Iei to -io 'hi'. lU'y siarteu at 11
decllro of V t, nt 41 v, aud declined
cent per acnum.
s Iv.r wub
DJ'.u
BAR OILVER
Ud blihsr In
Londjn to-
.-4
Raw 8uoar Market Quiet
New York, March r,o The rsw .ur.r
eontinu.s quiet and about un-
on the haals of fl.27c. duty paid.
is. There wen. .. ..1.. ..i..;;
VVrzrz..u,'mr:"'nr. nf'"'1"l. "i.aoo
Iucl0S".i. '"""n.1 w.r unchanged ,1
Tanulateii. " ""' JBr nn
market
change
lor cui
BANK CLEARINGS
Hank clearing, today, compared with cor
responding day last two years
1021 1020 mm
td4.648.812 178,(147,041 8.487.a88
43.23J..O0S 00.484.032 88 SOO 88
337,078.107 808,047,440 83U 0S4 177
Phila.,
Poston
N V
RAILROAD EARNINGS
ILLINOI8 CI3VTI1AI, HYSTBSI
lf-ubrucry vross
llnlar.ee after taxes..
Nit oper. Income, , ,
two innnins- gross
ll.liince after tax.a
Net opt. Intoinc
Uft.V-j.
1H21
,,12,B1N,240
in'ii
w
... 1.718 71
., S7,377.!i.!
si.'.fl.rofi
i.-i7T.1Bp
Inrreaa.
1000,001
814,898
818.480
1,0'lS.IH
2RH.S0-I
103,032
We transact business
only under the designation
"CASS ATT & CO." and
have connection with no
other firm and no individ
ual or corporation using or
transacting business under
the name Cassatt.
. !
CASSATT V CO.)
COMMERCIALTRUSTBLDG.,
PHILADELPHIA
N8.W YORK
BALTIMORE PITTSBUAOH SCRArSTON'
Ml
The
First National Bank
of Boston
Transact! Commercial
Banking Business
of Every Nature
Make it your New England B-uik
Capital, Snrplai and ProHt, $37,800,000
NOTICE
On and after April 1st, 1921, Certificates of Stock of
The Electric Storage
Battery Company
will be transferred at the Uptown Office of the
Philadelphia Trust Company
Broad and Chestnut Sts.
We announce the installation of a
Direct Private Telephone to New York
Our connecting number is Hanover 7885
BANKERS
Uemlcri VhiladelpMa Stool: Exchange
Franklin Bank Building
I' 'I
ii iiF" ii
Chicago, Burlington
& Quincy General
4s
March, 1958
Prict on Application
Blodget & Co.
Real Estate Trust Bldg., Phila.
Boston Chlcu jo New York
Walnut 1C06 Race 1271
Ten Per Cent
For Three Years
llond 8ec.und fllnlttnr r.und
Notes Free of Penr.a. Tax and
2 Income Tax.
Interest Kerned TOsht Times.
Monthly UlnUliig Kund to ltetlre
Notes.
Edward V. Kane & Co.
Morris Building;
IMaMlsh.d 17 Years
VOU are invited
to write or call
for our March List
of fifteen carefully
selected Industrial
and Public Utility
issues of
Bonds, Notes and
Preferred Stocks
yielding
(5.00 to 9,33
Hollister, White & Co.
Incorporated
North American llnlldlar
riiiui)Ki.ritiA
Providence New Vset
Hprlngdet rittsneld renins
lloeton
TELEPHONE SALESMAN
STOCK BROKERAGE
rrmli-nt lirokrrsge (Irm hag epsatng for
exterrleneed televbeue ssleimon. Attntctlre
aeirttton far nnne4sol man, Most be well
rveaminend..
o 4ta, iJcuaim arrurK
MKMBCBHIIIP llOL'M; OT (lOOD HtAXn.
fnrelllar with t4 btjUrrue Iwsiaras a3
b unferstsnds bar,. Hindi, ctistsraen"
accounts. vi
o 4H. LCDaiai orncjs
Conservative
Investments
Tleiaiatr
6 to 8
MaeMeekin & Williarnion
nttOAIr AND HANSOll HT.
Northeast (etfiei
llembers Phila. BleeU Bicbsiiis
HEWBURGER, .
HENDERSON&LOEI
Mmbtr, New York
PMladtlphla QtoeJt Exeharffti
1410 cnetcnuK 9.
r.
f.i