Kr "' : ' ' EVENING PUBLIC LEDGER-PHILADELPHIA, TUESDAY, APRIL ,5, 1921 20 ls ji IM ftwi lis 3ft jy Ji 31 I I i'i City of Portsmouth (Va.) Improvement Gold 5'jt Due January 1, 1951 Price to yield about 5.50 , New York, Pennsylvania & Ohio R. R. Prior Lien 4'2t Due May 1, 1035 Price to yield about 6.60 ""o Ohio Power Company First & Refunding 7s Due January 1, 1951 Price to yield about 7.40rc Stecl&TubcCo.ot 'America General Mortgage 7s Due January 1, 1951 Price to yield about 7.40 ' Correspondence Solicited List of Selected Bond Mailed ' on request. STROUD & CO. Mrniliara Fht aitotphln Stcc.i i:x hinge 1429 Walnut St., Philadelphia ' 52 Broadway, New York Cormpondmt Otflrts 24 Milk Street, Boston ! 21 1 Colorado Bidg., Washington MARKETS E NTIINT MOR E GHEERFU L Standards of Safety The record of S. W. STRAUS & CO.-39 years without los to any investor-is a record which could be earned only by the constant maintenance of the highest standards. This record has been main tained for more than a gen eration, with a business of natlonwldc scope, and tens of thousands of clients. Write today for our booklet "Common Sense in Investing Money," which gives the rea sons for this record. Ask for BOOKLET 397-Q I" i (HI S. W. STRAUS Sc CO INCOItrOKAlED BITAILItHID l8Sl Stock Exchange Bidg., Phila. Ttltphtie Smuci 5618 39 years without loss to any investor Copyright 1911, tr ' W Slnui & Co. Froe Covering in Speculative Issues Revoaled Cenoral Oversold Condition New lorli, April fi Ai the uprc tnolo nf rMnj: prices i nUwt.iM n source nf cncoiiraRPinrnt n tnncli more cheer fill ntmoiphcro prevailed in virttinll.v nil the principal markets tnilnj . This not only npplled to the stock exchange, but nlao extended to the crnln. cot ton nnd foreign exchange mnrhet. The trend roveraal In most instance mih the outcome of purel) technlcnl liilflu enccs or conditions ulthln the nuirket Ite1f rather thnn heemiKc of essential change In the fundamental or economic factor1". In the etook market 11 ery dlctinct (nersold condition was rctenvlcd. which occasioned little surprise in view of the general knowledge of tthe nggresvve tactics of the hear faction in several of the Immediate preceding sessions. Primarily the nmc causes hrought the recoveries In cotton nnd grain, while rail) ni foreign exchange, pnrticulurl.i In Sterling, wns accepted as indicating n more fawirnblc aspect to the labor troubles In Kngland. Kasier money conditions was the pro pellng factor in the stock market, ('ail loans opened at (' per cent, the low est renewal rnte since .lanuiiry "0, and which attracted much more attention because of the great!) iinprowd bank conditions as indicated by the Federal Hank Clcnring House statement on Sat urday The lowering of the renewal rnte aNo cut more ice as a market fac tor because of the knowledge of the heavy government withdrawals ched uled for tndo). which usually foreshad ows stlffer rate. Aside from the rails, in which deal ings were uoniinnl and Atlantic (iulf where further Mere pressure was evi dent, the market forged fteadil) ahead during the netie forenoon. All of the speculative favorites, especinllj those under conspicuous pressure cMerdn,v and Saturilii) had sharp run-ups. The oils, motors anil rubbers gained 1 to ." points; the steels, equipments nnd coppers Ito 12 and specialties of di verse t)pes, notablv American Woolen. Central Leather. Iuteruntional Paper. Hcct Sugar and Scars-Roebuck 1 to al most .'1 points. While the covering of the shorts in many quarters was positively of an urgent character, still it was quite no ticeable aside from the requirements- of the overextended bear acount.s there was little demand otherwise and the buying power was as limited n tver Tins wus indicated In the failure to follow up the morning advance which invited some little profit-taking, but instead of run ning off, the m.irket worked into usual noondaj dullness. NOMINAL DEALINGS IN LOCAL MARKET Pennsylvania Again Freely Of fered, but Sales Were Better Absorbed An Attractive Gas & Electric Light Bond Yielding 7.85 The Denver Cas 5r Electric Light Co. General Mortgage 7Y2s (1946) Circular on rt quest Bonbright & Company 437 Chestnut Street Philadelphia New tori. Iloslnn I hlriign Detroit , I A NET YIELD OF OVER 9 mny Ik- obtained on tlin hon! rf an established Public I nlm oin panv showInK earnings applicable lo the Interest charge of OVER 7h TIMES Till: UK(l'llti:MI.M-1 rniit from I'rnmi Mate Tin Normal Income Tn Palil Details lin llttirt A.D. CONVERSE & CO. Commercial Trust Building Philadelphia Apart from the continued free offer ing of Penns.vlvania Rnllroad dealings ir tne local market were nominal. There was n much better absorption of I'enn s)lvania which served to hold the price fairly steady In the neighborhool of .'14'4, which onl) a few jenrs ago would have been considered an ubsiirdl) low price for this heretofore regarded premier rail Investment. The street -cents to have Ik en thoroughly lecrin ciled to belief that a cut in the dlvl di nt to at least a -i per cent per annum basis is unavoidable. About the onl.v features of interest were supplied b) Ke) stone Watch Case and General Asphalt. A 22 point jump in the former furnished a striking il lustration of the scant suppl.v of clocl held stock. The last previous sale wn made at auction December nt Wt. vlierens today, after bidding for two lii.vs for the stock nn order for .'l." hares was filled at 72. In General Asphalt a paradoxical spectacle was siven in the stock, jumping nearl.v ." "nuts in the New ork market, while droppiug 2 points from the last pre vious sale in the local market. In the tin' big market the stoik has become one of the principal speculative footballs of the gambling elemeut, while here is milv quoted occasional!) . (ithervvisp little is to be said of the Humming lixnl list. Presiiie agnlnst tin I'hllndelphla Iilectric Ismics whs withdrawn, which was parti) traceable to the semiofficial statements iudhat in; banking arrnngenients had been - full) rompletPil for the repotted pro- I ios.ii isjuio of p..rt of the remaining I authorloed new prefened stoi k. The I preferred moved up to 2U and the com- iiioii was fractlonall) higher at 217s ew nrU llultlmore nANKIOlS Dealers in Investment Securities Humbert New Irofc tjntl i'hiladtlphla Stuck Liehungts 321 Chestnut St., Philadelphia - i Philadelphia Stocks I I '. Vot MlBh I.O i 111 ilmi, 10 Am St rs ."4 ' j .14 'i ."l'.. ,.. 24(itllnld I.oe vT's s7's S7's. 1(1 t.l,, pref 100 100 100 2.".t'nieible Steel . . SH, S", S4'.,4 1 l.'iO Gen Asph II0 0O' lioi,-2t 17 I Co N 2'i 20 I'll 4- i', .".Vive) stone Watih 72 72 72 r-22 S-, l'a Cent Light pf 12 42 12 - ', 1072 Pa R R ."... rtl ' , III',- K i il Phila I. lei 21 ' 21 's l-r 's l.'i do n I Jt.'s 2i'i 2il :i:. I'hihiTrac ..1T, ."1T, .".l7s - I'.ihi 'on.. llel ! l-'s l- o llltl SStei) M'.'S S-.s s(.s , : Vt . hunKH m.i.l b cnmiivrlnon w ih Uiit i.il. n N Y .rk Stoik Kxi-linriffC II i iHvi'.Us ale nt nurllnn 't l'llll.lKI.I'lll. II()M)S IOihi I.ibertv 2d P'is S7 Oh 2000 l.ilx-rtv .'Id l',s no IS .'(Mid l.ihciiv lib l',s s 20 JIHIO Atlntinc Ref C.ljs . !!! Ioihi HitbMiuii Steel t)s . . ltd 4000 Roll Telephone 7s . lots 10'tH It Mill I'.lei trie el Peoples Is . ."."M.. If ,el.'li allev C. ill 'f . 02V.. KMIO Pllilll I'.lec 1st ,'h V.1:; 7oo I'lnl.i llle. 1st .'is lots v; 'joon Riadiug general I" .... 70't 21 Ml UMsbach .'is. . 01 NEW YORK STOCK EXCHANGE TRANSACTIONS Site 100 400 .100 .100 100 3300 S00 100 too 300 too 300 1300 300 200 400 100 1110 too 100 100 eoo too SI00 800 ion 3100 0300 400 1S00 .100 30000 100 7000 1300 100 00 3 100 4709 303 100 500 100 .1000 300 300 300 300 300 3100 000 IU0 3100 100 300 100 700 300 309 S00 00 MO COO 00 100 two 311) 400 301 300 000 3000 1500 7300 400 3500 100 It 00 100 100 3o0 400 300 300 3100 000 500 1)00 100 1H300 300 100 CO) till 00 300 1700 300 100 too 100 300 100 700 .100 400 300 oOO 301 100 100 3500 4000 ton G00 300 7300 100 rtv In lllnh . Ajax riubher 31 Allied Chem A Dyo... 43 7 Allied Chem A Dyo pf 88?i 4 Allls-Chalmera 3 8 Am Agrlc Chem . . . . 4 Am Beet Sugar 3814 5 Am Donch Magneto... 5 4 ni It Shoe Kdy new. . 484 . Am Can 38ft 13 Am Car & Fdy latfc n Am Cotton Oil 20ft o Am Cotton Oil pf a Am Hide & leather. . Y, . Am Hide & Ioather pf 43i Am Internat Corp.... 43 ' 1 Am4.ii Kranco Knu. . . 10 .1 Am Unseed 4S Am Locomotive 85j 13 7 0 10 107 0 H .1(14 71 03 38 H 79J4 at 17ft 88 34 4 37 3 58H J Am locomotive pf .. Am Safety Razor.. .. Am Ship & Com. .. 4 Am Smelt A Ref. . 7 Am Smelt & Ref pf 7 Am Siimt Ref ., . 7 Am Sugar Ref pf 103M lo Am Sumatra Tob,.... 77ft 0 Am Tel & Tel 100 13 Am Tobacco 114 Am Tobacco D IUH Am woolen 74 Am Writing Tnpor pf. 31 ft Annconna copper . . . A ten Top & Santa Vc All (iulf & W I S S.. . Atlantic Pet 7 Baldwin locomotive .. Baltimore & Ohio... 4 Baltimore & Ohio pf. 50 Barnsdalo Claas B. . . . Bethlehem Motor . . 0 Bethlehem Steel B... . Brkl)n lUpM Trannlt 134 . Brkl)n R T ctfa of dep 8W . . Butte Copper A Zlno. . 4ft .. Buttn & Superior Cop 11H . Caddo Central O & It. I7ftj 0 California Packlnc ... 9ft California Petroleum . 41?4 3 Cat Zinc A Lead 5 3 Calumet A Arizona . 43 10 Canadian Pacific ....113M Central Leather 37ft 7 Central Leather pf... 74J4 3 Cerro de Pasco 34 ft in Chandler Motors 78?4 4 Chesapcike A Ohio... 58ft . Chicago A Alton 7ft Chi A H III pf ctfa... 1ft Chicago Mil A St P. . . 35ft . Chicago Mil A St V pf 40ft 7 Chi A Northwestern pflOO .. Chi R I A Pac 30J4 . Chile Copper 10 .. f'hlno Copper 301 Coca-Cola 33 Col A Southern 31 0 Columb Cos A CIco. . 88t Col firaphophone Col Oraphophone pf. . Consolidated Clear . . Consolidated Gas .. Continental Can Continental Candy . . . Corn Products Ref. . . .50 Cosden A Co. OH 44 30 ft 83 ft 53' U 73 H 39 Crucible Steel 85ft i uhan Amer Sugar... 35 Cuban Cane Sugar. . . 31 ft Cub.in Cane Sugar pf. Clft I.vnver A Rio Grande. H?4 Denvir A Rio Gr pf.. ltt Hilt Horn Coal 39 Kndlcott-Johnnon pf.. 05 Uric . ... '. 13 Urle 1st pf 18ft Krlo 'Jd pf 13ft Kamoua Players L. .. . 73ft Klsk Rubber 15 ft Fret port Texa3 10ft Ga.ston Wins A Wig.. 1ft Gen Am Tank Car. . . 14 General Asphalt G3 General Asphalt pf... 05 General Cigar 60 Gtneral Rlcctrlc 137 05Ji G 0 H 1 General Motors . (I Gen Motors deb 6 38 ft 7!H 39, GO 6 Goodrich B K 7 Great Northern pf . . . 4 Grvnt North Ore ctfs .. Homestake Minute . . Houston Oil 73 1 Hupp Motor Car 144 .. Inspiration Con Cop.. 30 ?. .. Interb Con Corj . . Inter Cbn Corp pf. . . 7 lnt Harvester new... . . Int Mer Marino 6 Int Mer Marine pf. . . . . Internat Motortruck.. 7 lnt Motortruck 1st pf. .. International Nickel.. . . International Paper . . .. Invincible Oil Corp... .. Island Oil . . Kansas City Southern KansAS City So pf . . t Kelly-Springfield Tire. 5 U!4 80 ft 31 73 lift 58M 31ft 4U 354 40 40 4 0 KVIIy-Spg Tire C pf 75 I.OW 33 3ft 88ft 30 ft 48ft 37 5( 48 38ft ntft 30 ft 3 Oft 43ft 41 ft OJi 49 85 ft 107 5M 854 3M4 71 90" iojh 74 10&H 114 1I1H 73 30 ft MM 79ft 33 17ft 8ft 33 H 40 37 3M H 13H 8ft 4ft 1IH 17 ft 59 43ft 5 43 113ft 35ft 73 H 3 ft 78ft 58 ft 7 tn 35ft 37 4 100 30 0J4 30 H 31 ft 31 58H 014 43ft 38 83 ft 53 lft 73 H 37 ft 83 ft 34 30 ?4 04 ft IH 30 95 lift 18 13 70 15ft 1 44 9ft 95 59 135ft 13ft BSH 38 ft 74 39 60 73 4ft 30 ft 5 " N9J MH 49 H .15 73 14 ft 58 ft 30 4ft 35 19 30 75 Nut Chte. 1:10 I.Ktt 33 4 88ft 39 ft 49 8ft4 59 4-4844-3Sft-131ft-39 ft 63 9ft I- 43ft4 43 ft 1 49 4 854 T 107 4- M4- 8M4- 38H4- 71 4- 93 103H 1S 4- 104 114 4- lllH 73ft 31ft 4-334-17ft 88 ft 33 ft -f 40 37 - 34 4-56H4-ia 8ft-4ft- "H 17ft4 59 - X 5 - 43 - 30ft 1 74 ft 4 34 ft 4-79ft4- 1 58ft .. 7K4- 1H4- 35 ft 4- 40M4- 100 4 38 4" 9ft 3044- 33 4 3t 4- 58H4- M4- 44 30 ft 4 83 ft 4 53 ft 4- 1ft 73 ft 4- 1ft 39 4- lft 8444- 1 35 3U4 4- 64 ft M - iH- 30 -95 13 - 18ft 4 13fti 73ft lft- 10ft H ft W 1 H H i W 14 M H 1 ? 14 14 W H IH a H l 3 1 114 H H I 14 ft "H w ft 4 4 14 1 14 H Is I Dlr. Calm In t Illirh 100 8 Kelly-Spg Tiro 8 pf 87ft 160 ., Kelsey Wheel 48 10 3 Kenneott Copjier ... 17 3168 . . KeystoneT A R 14 J4 100 s.BO Lehigh Valley 49ft 500 t Loe we Co 19 100 13 Lorlllttrd Tobacco ...145ft 189 . . Max Mot 3d pf ctfs . . 3ft 600 8 May Ilept Stores 8tft 33800 is Mnxlcan Petroleum ..139ft 190 s Miami Copper ilH 3009 i.oo Middle States Corp.,. 1H 3.10ft 3 Mldvale Steel A Ord.. 39ft 1A0 .. Minn & St Louis 10ft 160 . Mo Kansas A Texas.. 3 160 . Mo Kansas A Tex pf . . 4 100 . Missouri Pacific 17ft 160 . Missouri Pacific pf . . . 37 106 . . Montgomery Ward . . 18ft 10A 7 National Biscuit 106 400 . National Con A Cablo 3ft 100 6 Nat Enam A Stamp.. 60 40ft a National Lead 73 100. . Nat n n of Mex 2d pf 44 ooft New York Central...! 684 10ft 2.80 New York Dock 34ft 3100 100 .100 1360 660 8ft 160 too 5700 3563 800 3500 300 700 400 MOO 4800 460 16ft 150ft 400 760 180 300 400 1 7 7 .40 New York N II A II.. 17ft New York Ont A W.. 16ft Norfolk A Western... 95 Northern Paclflo .... 78ft OkU Prod A nef 34 . . Ontario Sliver Mlnlnjc 4ft 3 Owens Bottling Much. 48 . . Pacific Devel Corp... 144 .. Pacific Oil 36ft 6 Pan-Amer Petrol .... 68ft A Pan-Amer B 6ft 3 Pennsylvania R R. ... 34 M . . Penn Seaboard Steel. . 16ft . Peoples Gas Chicago. . 43ft 3 Philadelphia co 33 . . Phillips Pet 364 . . Plerce-Arrow Motor. . 33ft . Plerco Oil la Pierce Oil pf 71 0 Pitts Coal 63ft 1 Pond Creek Coal 14ft 8 Pressed Steel Car. ... 87 7 Pressed Steel Car pf . . 90 4 Pub Serv Corp of N J. 65 H Pullman 165 100 1.35 Rand Mln Am Shares 31 680 .. nay Con Copper ... 114 3060 4 Reading 68ft 400 s Heading 1st pf 41 1600 6 Republic iron A Steel. 66ft on .. Republic Motortruck 6509 3.20 Itoyal Dutch N Y. lft 44 - 63 4 95 59 - 137 4-13H4- esH-t-31ft 4 7114 39 4 60 73 4-1444-304 5 14 ft 80 ft 4- 13H 404 35 , 73- I "ft 68 ( 304 4ft 3594 4 49 -4044-75 '.I HI 3ftt H 01 14 ft !4 34 1 1 lft 14 1!4 1000 760 600 100 300 9S00 390 300 3800 3000 too 100 100 800 300 900 35000 300 100 300 3.10(1 31400 400 1600 300 800 310ft too 400 50ft 390 100 8 1390 8 100 1100 s 360 .. 300 8 8580 8 100 8 300 100 3. SO 18 60 H 31ft 38 314 13300 toi 50 103 1800 600 ceo 300 30ft 300 300 400 30ft 100 300 6600 1800 30ft 300 St Louis San Fran . . .. St Louis Southwest.. . . Santa. Cecelia Sugar. .. Savago Arms 14 H .. Saxon Motor 5ft 8 Scars-Roebuck 74ft . . Seneca cop Corp 14 .13 Shell Transport 40ft .. Sinclair Oil 33H 0 Southern Pacific 74 H . . Southern Rail 30ft 16 Standard Milling ..111 5 Standard Oil of N J .150 Standard Oil of N J pf 107 ft Htevvart warner Speed 37ft Strombcrg Carb .... 38ft Studebaker 77 Submarine Boa-t Corp 8ft Superior Steel 44 . . Superior Oil Corp ... 0 3 Texas Co 46j . . TexaB Co rta lft . . Texan A Pacific 31 1 Texas A Pac C A O. . . 38, . . Third Avenuo 184 6 Tobacco Products .... 464 Transcontinental Oil . 10ft 3 Twin City R T 46 . . Union Oil 19ft 10 Union Pacific 117ft . . United Alloy Steel . 30ft 8 United Drug 03 8 United Fruit 104ft .. Unit nwy Invest pf . 33ft S United Retail Stores. . 49ft ..US Food Products.. 33 8 U S Ind Alcohol 60ft 8 U S Rubber 71ft 8 U S Rubber 1st pf . . . . 101ft U S Smelt A lief ... 3(1 U S Smelt A Ref pf . . 43 U S Stocl 81ft U S Steel nf 110ft Utah Copper 48 Utah Sec 10ft Vanadium Corp 39ft Va-Carollna Chom . Vlvaudou Inc . Wabash 7ft . Wabaah pf A 3 Weber A Hcllbroncr . . Wells Fargo Express . Western Maryland . 7 Western Union Tel.. 4 Wcstlnghouso CAM 4 White Motor . White Oil Corp . WIIIs-Overland .... 5 Wilson & Co 8 Wool worth F W 87 ft 48 t7 13ft 49ft 18 145ft 3ft 85 ft 136ft 17 13 ' 38 114 3 4 "ft 37 18ft 166 3ft no 71 4 68ft 54ft 16ft 16ft 95 77 3ft 4ft 48 14 35ft 07 ft CO 3tft 10 43 31 ft 33 ft 9J4 71 61 13J4 86 ft 90 65 104 ft 31 lift 07J, 40ft 05ft 18 flflft 31J, 37ft 3 14 S 71 14 40ft 33ft 73ft 30ft lit 150 107 30 31 75 8ft 41 0 40 14 30 ft 30 ft 18 454 10ft 46 10ft 116 30 ft 93 103 33ft 40 33 66 70 101ft 3C 43 80 ft HOft 47 10 ft 30 ft 30 Oft Oft 7ft 7ft 30ft 30ft 13X 13 60 DO 10 Oft 88 88 47ft 47ft 40ft 40ft 16ft "ft 8 8ft 40 ft 40 ft 114ft 111ft iao Nvtt IjiM Case. 87ft-CU4 48-1 17 14ft4- 1 40ft4- ft 18 ft 145ft 4- 3ft 3ft 4- 14 85 ft 4 139ftx 3 174" 14 13 4- ft 29ft4- 94 1114 14 3 4 17ft - 14 37 ft 18ft ft 100 ! 3ft . . 6 ft 73 ft 4- H 08- 14 34ft- J4 17 16ft 951 78ft 14 3ft- ft 4ft- ft 48 - ft 14 - 39ft 1 68ft ft 60 34ft 14 10 ft 43 ft .13 36 1 33ft-r ft 10 ft 71 ft 61 lft 14 ft 87 - 1 00 - 1ft 65-3 105 at - a HJ4 14 08 ft 10ft- 06ft 3ft 18 60- ft 31 ft 38 ft 3- ft 14- ft 5ft ft 73ft 3 14 4o!4 33 ft ft 74 1 SOft-t- ft 111 1 150 - 3 107- ft 37 ft 18 ft 3 75 lft 8ft ft 41 ft 9 40 h ft I ft .. 31 38 lft 18 4 ft 46 ft 10ft .. 461 19ft- ft 117141- lh noft .. 93 104ft 1 33 ft . 49ft 33 ft 6ft 1 71ft 1 101ft .. 36 43 st 14 ft no lft 48 1 10ft- ft 20 Jo 30ft ft Oft- ft 7ft-r ft 30ft ft - Ji CO 0J4 .. 88 - ft 47ft .. 40ft ft 10 1 40ft-r 11114 ft OUTSIDE I NTEREST NCREASES ON CURB Public Trade Evenly Balanced Between Buyers and Sollers. Price Changes Few New VorlJ, April .".There wns no special change In the range of prices on the Rroad street curb today. Tho mnr ket showed n pronounced Increase In rutslde Interest, with the public trad lug about evenly balanced between tne InijInB nnd sellltui side. Although W were made nt times, u fjttpply, iilipearctl that caused inodcrntc rcccwdons from the higher levels. Southern Coal nnd Iron was "rep (tonally strong, ranging from lYi to 8Vt, Acmo Packing, successor to Indian Packing, was traded in at JVJ to VA, falling lo recover Its tone after Tcstcrday'8 declines. British American Tobacco was steady again, selling nt 12. Sweets Co. was nct. a mod erate amount of stock changing linntla ot 2- United Retail Candy had sup port nnd sold at 7 VI to 7'j. Acme Coa! was firm nt 7. Rat lo common showed a heavy toue, with tmlc nt 1 nnd 1. and the preferred was trade's In at 2U to 2. Durnnt Motors was fairly active, with pales at -1 to 21. the stock apparently having found a restlnglevel. after moving up to , above 21. Cblcogo and Kut Illinois preferred sold at .11. ,. , ,! Standard Oil was unusually active and slWttlv lower. Indiana Pipe I.lno selling at 83 and Gnlena Signal Oil at 44. Stnndanl Oil of New Jersey ranged from ODVa to 0I)'8. , .. There was renewed activity in Lftrti) Syndicate, which advanced from , ?:i M.....ik strong during the llVaV b M V9Ba4t9PGiilllllllllWllilHniillllll Ja ylV. flrst'bour, advancing from 211 to 31, but reacted lifter midday. Minima 1 c . !... n... firm sellinir nt 7v to ivs. vtr.it,,c nlm showed a firmer with trading nt 7Vs to 7. INnt'STBMU lone, 1.30 Acme Ccl . At mo 1'Acklr.B ... Drlt Amer Tob coup Durum Motors Umpire Food ... . . Chicago Si! pret . ndlo Com n.icllo Com pref . . . . ltepubllc Tire Hub . Southrn Coal Stand O & B . . StatJ CI & i: P"t . Sweet Co U H nislrlbutlns .., U S Ship Corp ,,v U a Stem 'p Un Prom Shsrlnc J2 Un Itet Candy 7H htndaiu oiw Ohio Oil 2J (Uleni J U.nn.l r,ll nf Tt.fl Tln . St) Htand Oil of Ind new . 60V4 INDEPltNDENT OILS 1". :iSft .. sn .. 1A .. at. .. 2i .. .. fi'l .. ll't .. Wi .. 2 .. 39 rioone Oil . CUrlb Hynd Cities Service ureole Hna . Dennv Oil Kederal Oil . Olvnrock Oil .. Guftey Ollleple llurltion Ull . . . Marncalbo Oil "a" ctf . K lft SI Mexico Oil 11H Midwest Itef Moumiiln Products . Noble Pennok Oil Producer & Refiners lied, Hock Oil Salt Creek new . . . . Hlmms Pet Skelly oil Texori Un Texas Oil Viitnrla Oil new Y Oil Commodity Markets j COTTON MARKET New York. April 5. Cotton opened LONDON STOCK MARKET Downward Movement In Home Ralls Slackened Industrials Flat I-ondou, April fi. Following n fur- Financial Briefs firmer this morning tit n net advance j t,)f,r rn(.tj(pn eschongi lmf of is to :U points, in line with firm Liverpool cables, which wete appar entlv intliieined bv a more hopeful vievv of the UritNi l.ilxir sttttution Ural mid unit houses bought freelv lit the -tlirt ailU Wall rjtlit'1 there was also net b. more stnble today. (Ictier- nlly pit eie Irregular. Trading was not persistent nnd there was n dUptwl tinn to hold off until nfter this after noon s debate in Parliament tin the . . .1 1 I . a lir.nl llllinthR. 1 Llfllrn ..r it... ...r.1 ...!... snuie l.tverpom (miiiik . uv... ..-- .....o.- ... mi- tuui iiuiiui?. After rraeting sllgiitiy irom in- - iiopesnt a reuuetton In tne Hank of i.iiKianu s iiunimum rate ot discount, which hns been maintained nt 7 per cent for nenrlj it year, rallied the gilt edged list from the bottom. Continental loans were flabby. The movement downward in home railway issues slackened. Dollar de scriptions were dull. South American rails sagged. Mexicans were offered There wai profit-taking In the nil -de. pnittncnt. Shell Transport and Trad ing was ." and Mexican I'ngle Ji1,. Industrials were flat. Hudson's lluj was ." 1.1-111. Itubbcrs lached steadiness. There wns light selling of Knffirs. tial lev.K values again rcspomiert to Mippi.rtlng ot tiers nnd at the end of Hie lirst lUteen ininuti's were firm auout js tioints above yesterday close. The receipts nf cotton nt the porH for the tlav arc estimated nt 30,1X10 bales, against 22.070 bales f week ago 1I1.H27 bales a jear ago and 10,-lUJ tales two .vears ago. Previously Close i 'pen Me Juh Ctcti.t.e' ei . ml er Jni 1 1 r 11. 41V tl R'l . it.nT 12 an 12 RS IS SO rj. sr. in. mi 12 OS 13 2U 12:.1n p m 11 T7 12 3.1 12.Sn The averase price of twenty ncUvn In duatrlnl atocks declined 0.11 par cent c terday to 75.1H. vrhlle tventy railroads de cllncd 11.13 per cent, to 70.05. " The copper. output nf the Phelpn-Divlire Corporation 9n .trcli tntal-il t.2tt nun pound. In enntraat to 7 nS'J.iioo ln t'oliru arv and 8.701.(100 In Janunrv. In M.tn-h 1020. the company produced 7 Ml (Mil pounds. llenrv IS Slrahmann has hcen elrrtni i, director of the Tenth National Hank Stroud ft Co. announte that llenrv IV. I'et rock. Jr.. haa Income asorlaird jth ihf band department of their Philadelphia orrici. The report of the Intercontinental rtubl.c Co. for 1020 ahowa total pronta and Incnne from Inveatmenle of 1201, nsn and expense taxea. etc.. of I67.1BS. After depreclalloi and other rharves Ita surplua for the eui mi 162,831 and Ita total profit and lux aurplua I4.4A2.214 MINING .140H tiy 3? 7H II 3,1, Low p. m Vi 1U .1' 3'4 12t 12'. 21 21 IS IS 31 3t li 14 T t t; s, It'i in 3.14 314 2S " 2S 20 US US IS 14 7'. 74 27.1 27.1 41 44 8.1 8 no Vi o' i 8 IS IS 274 214 3S 44 S 4 !' -., IS 14 11S 114 ?? ??'vt 110 1404 US US 7A 74 .14 r.4 IS 4S , S 4 1.14 13S 74 7S r.S r.s PARIS-ORLEANS Railroad Company 6 Bonds Due 1956 Prlee IH4 no per 1000 Tranua at tha prraent rale nf eti nnnt-'e wnt h v..u I be wortvi 91113 no at the normal r,ttf. nf n litr?t I'HISl ll'Al. .t.VIJ ISTEUI'&T OVARAS. TLhlt HY 1HL UtrSCII i,0 Llt.VillSNr EDWARD L0WBER STOKES Member I'lillii. btork Kichunte to H. I8TII HT. I.OCVHT S4 ALBERT DOAK Mason Contractor 2138 Arch St. Specialist in the Brick Setting of Boilers LIVESTOCK QUOTATIONS lilratn. April T. l ATI l.t! Hereipla Oi.li'l head Ileef uteera ot ned elnw -te. n i .",. ..er i:rlv top 1" ""' tiutk JH t li Mi huti her xtii Btoek opened ilead uti.li r un- iil( liu'k ft i ' nnd h it"1" "' -" i 7 -,(i l ilk Im'.ni ulnri.t ii -il I 'p iiiifih "ok.h l.ulk tft Lulu Il2lrtj1 . nix i,'eai Imlk ealere 7 B'Ui stoik i r, anil feiclrrn uleadj H' H ItreolptH 17 t.nit lieHfl Sl'.M nihil tn to lie hiuhtr nlh. ra .ineven i. k t.i in. niahi muHiH hu nlv ulth Maierda'a averarfi- Inf. Jl'i'-'l liulk nf idii pnunda down M0i in j" hulk 'an pi.unda UP mfcn'llUHIl P'H v Mree tin ni; 10 Jle hlvher bulk .)..ilrht Jlnflin 21 SHEEr Itocelpia m.tinn I omln stead in Jlc hlaher. h. . u et hi. i . trip Id 71 hulk Jti 71f(0 '.II mnin np jn hulk $ra 71 iiud !' mmi I hnrn ieHrhna;a. a in chnm I T J r.ued nether in 7.1 ' wen ecarce ho lei t ' IU .111 I liolee ion puund fcliorn ewen f 1 rt.Hi 1 71 GRAIN MARKET (lilragn. Aptll .r. Loral operators .red tbe selling lde of vvbent todav ami die iimrket lot ground after prices I'iiil ranged upward nt tbe Mart M-vv Inning inur wan larking, altlimigli n meat iniinv of the leading eoiniiiiion limits liad expressed bulllfh vievvH. de i luring tlmt ton niiieb nttentinn vvac li'ing given lo the favorable crop news i ii.) not niieigh to the inrge export Ims iiiesk and the etntfll v Inlble suppl) The foreign ernnoinle sftiintlnii ilis- i i...,i.,n i.'lilli rood rnlti- in "ilia... i 'i..... ....... .-- . the Southwest furlher Improved the mo.pi-rt.. fin tin- prntlurtlnii of winter wheat. Trade in the pit vvna light. Mnv opined nt $1..'IS t Sl(. and Inter" Mild at a net Iohs of 'it-, at Si ;i7.i, .liilv stai-ted nt M.lill4 " SI 1.'.!,,. ngalnn SI. 1.1 at the elone jes- teidiiv, and ileelined to 51.1 1'4 (Vrn ie.i'.ted wit'i uhent after a lii mer Mart. There wan ceottcrcd hav ing bv enmimMoii lmue.i'3 at the "'itfct. but nrferings were more Hum Miflielent tu take nre nf the demand. Mm npetieil at l!0e to (.OvV. against Old nt the el.iM vesterdii. nnd fagged tt ViV -T ti 1 - Mnrted at Mr to li:i'',i .mil later nld at n net loeh of 1.. nt tKl'tf September wnt. itiotcd lat li.'-si. to ll.".'..c. nnd Inter Mild at a net decline of 'se, lit 1I.T4'- . I tintK itlso were ender. f oimiussinn ih..ui. sold nearb futures UeulingH .. ..11 . .'I . eiuiii 1. o , , 1 Mnv opined '&o lower, nt .Till'', and .1. elim-d t KTc. -Tilly Ktarted at 11 1 Iosb nf iH' 'it '',Hc, und reocded In l1'' Si lit. iiiber opened nt an udvnute nf c ami ili'llnid to asy.'1 The annual American Smelting an. I V flnlnc meetlnr. acheduled to take place t morrow at 13 Exchatute plitc Jere Cn will protnblj ho one of ihe miwi cxtltliu tho history of the tomnany. Wllllnni I,. Xtnorehnuf" li become n elated with the firm of neld Mcflure t i Itenry E. Strathmaan har been elect. .1 director of the Tenth Nallonil Hank, FOREIGN EXCHANGE New Ynrli, April .1. There wns 11 better tone in Kerling. lire and marks nt the opening In the foreign exehatige market thl morning. Kranes, how ever, were off 2 polntH. luotnt!onn were: Sterling enble .'t.Ol, demand .'1.00' 1 ; frnne rnhles 7.00. eliecks 0.(111 ; lire enble.s ll.T... checks 4.1.1; Swiss cables 17 .15, checks 17. TO; guilder cables .'M.fhi, checks ;M.r0; peseta cables l.'l fid, checks 13.04; Stockholm cables 'S -N). ehecks ft'1.35 ; fhrlstlanla tables 17.00. checks 17.8.1; Ilelgiiin cable 10.0,". checks 10.00; Copenhagen cables, 7:il. checka 7.30; marks 1 (13. The premium on New York pxcliitnge In Montreal today wnt. 11V4 per rent. The rate of discount on Mnntrcnl funds In New York wits 10 .1-1(1 per cent Central European exchanges were easier. Quotations, were : Oreek, 7.(i.1 ; Atmtrlnn. 2; Ciecbo-Slovakla. 1 35, Iliiiuuiilan, 1.11; Utilgarlan, 1 3'J ; lliiiignr.v , ..IN. ir-HTnunAY s kinai. quotations Sterllfar l'ranca Lire Oulldera Demand . 3 On'i tl 07 4 13 at '4 rahiea 3 nt n.oo .m at 41 TfipVVa OPENINO QUOTATIONH Mrs Oulldera 4 in at .in 1 l4' 34 51 RATES MONEY-LENDING I.V Ollll tnney on cull l.o'h elanaea .if .. iiaK Ml opened today .11 'I per icnt fir lendin and renew Ina. I'IIIMUKM'IIIA Call, n per cent, time, i per cent commercial pater, three tu elx innntha 11 per cent ... Note Theae are merel nominal tpmta tion the le.ial rate of Intereat In the Mate ..f Pnnniylvanla leltm fixed at 0 per cent I'lua premium and commlaalnn, time money, for thirty anil ninety daya. la loantd at 8 to V4 rer cent, whlla commercial paper, from for thirty to ninety daye, a loaned at 8 to 8'4 per cent. Demand fables . HterlltM Franca 3 IM)', 0 p 3 01 7.00 Raw Sugar Quiet and Steady New York, April B The raw auffitr nu. ket cnntlnuea quiet and about Meady at .' .1'ir, coat mA freight, equal to nnswn.'; duty paid. Itetlnera. aa a rule, ahn u little Intereat In the altuatlon There . no aalea reported b the Cuban Pu Finance Commltlee on Monday, neither . there any ealea of uncontrolled auar lm tinitiilinna inriuueu .iii.iinn nase rorto Itlcin to the American 8uuar Itetlnlnif Co., fill, 01)11 base Ouhaa to the Natlor-il Suaar rteflnlne Co, i 12.0110 basa Cutiaa to Arhuckle Proa. lO.ono ba I'orto Itlcoa to the federal Kuaar running Co.. nnd SU.,100 baga Pan Domingo in route to Canada. The local refined mar ket Is unchanged. Kelly-Springfield Omits Dividend -NrHtVork. April 6. The Kely Sprlnafletd Tiro Co. haa declared the rrjrular quarterly dividend of 8 per cent In tocl on the com mon but omitted the quarterly caah dividend of II a share Dividend 1" pajahle Mae '.' to alock of record April in. The regular quarterly dividend of 12 a ahare nn the i..t cent preferred itock vvaa declared, pajable May la to atock of record May S New York. April B Harblahaw niertrlc Cable dlrectora have panned the regular qunr. terly dividend of 37V4c on the romnron almlt due April 1 nis Ledge a fa Ilooth llnatnn 4. Montana At Caledonia Mtnlntr I.' Candelarla Mlnlne IS Cortex Silver 7'J Crcaaon Cold ll'i Kureka Croesua lid Gold Cons 7 tjolilfle Id Klurerce 3.1 (told Kewnnas 'J Oold Silver Pick 7 Itecla Mining .) Jumbo Extension 7 Knox Divide It Marsh .Mining 7 Mother 1,0. !e 17 Mother I.ode new 4', N'lplaalns 7S Hex Cons 8 ltnchelor Mines l flan Toy (1 Ho Am r . O . ... K Stiinil Silver Lead . . tt. Success Mining 3 rnnopah Cash Ho 7 Tonopah-Jlm Duller .. . . Vi Toijpali Mlzpah . . . H Tonopah Montana 8 Tonopah Ilescue i:ul,i . . .Ill U 8 Cont new . . .i United Eaalcrn .. . . S) noxns VJIIcd Packer Os . Vlumlnum 7 Vmer Aarl Chtm 7'ia Vmer Tel flu 1IJ2 Vmer Tel fls 1024 Anaconda 7s 1020 iteaver noard Sa Beth Steel 7s 1023 . Mefh Steel 7a 103.1 "an Not lt eq 7n hi tiast III f I'nlia Oa Ss "npper Hxport s 1023 Copper Export 8s 1024 'npper Kxport Ha 1021 Diamond Match 7Ws loodrlch Tire 7s . . . Irand Trunk Vs Qulf Oil 7a tumble Oil 7s Kennerott 7a .. . sears Iloebuck 7a 1021 Seara Roebuck 7a 1022 leara Itoebuck 7a 1023 Sharon Steel Hop Rs Sinclair 7Wa ... tiuthweat Hell 7a . ttiiint Oil N Y 7s J02.1 t mil Oil N Y 7a 1027 .mmi OH N Y 7s "20 tt.ind OH N Y 7 1020 uif.1 Oil N Y 7a 1010. md Oil N Y 7s 1031 'ttlft 7a .. e,.xas 7s .. . ... 1 Ilv of Havana 7V4s 'tcuum OH 7a . . Veatern Klcc 7a 10 07V? 07i on, 7S'4 07'1 O.II4 inn', ntS mo nnv, nou OS', 102s K01 0.1H on ons on on oi, ti.i on1, OH-j mi int 101 mm mi inj, lni', nn. OKI, letiJ. loni, HD', Tt 3,'. 5 . 11 i no i!!A 7 33 7 3U 7 Id 7 47 41. 7 K fl r. n't I 7 li ft 8 IH 4S 07j 07i Oil 14 ?a 07U ISV lnn't nt inn oos 004 0N 10ja R01 0.1 or.'i niH no 110 0.1s 0114 iin'I 01 mi 101 mi IO't mi 102 103'i mi, 08'4 nxv inn UOVi ni 3iV HI 12 17 72 11H on 7 3.1 3. 7 in 7 17 4. 7't 8 It S us 3 A n 7 12 8 8 10 2 48 dfli 07 117 Of) 02'4 73 07V4 0.1V, inn ni'i inn no 00', 08'4 102 80 K 0.1H on tins on 00 OBS oni, onv. 01 '4 mi mi mi inn mis 102'4 10.l', ln 08 Vi IIMlfc tnoif, 00 Vj 'nlted Statea Treasury Certificates Aked Yield 1'iiirt. n ni 1 1 Maturing , to Date :., May IH, 1021 .1?, June IS 1021 n June IS, 0;i SV4 July IB. iOil n Aub. 1 1021 t,m Sept. IS, 1021. ta sent is, 1021 M, Oct 1.1, 1021. Dec. IB. 1021. MB Vtir. IB. 1022 Uxempt from nornul federal Income only. t Acceptable for pavment of Incomo due on date nf maturllv llld inn inn inn,, inn inni, inti inn a inn jnn.v 1UU mnv, 10(1 A 1 1ll) f. lnpi, IMA. mo.v Uinv, mo. 100 At fi.n.i n.nn B 2S b an B an .1 2.1 r. 4,1 S.BO ns tux tux RAILROAD EARNINGS CANADIAN I-ACinc 1021 Incre.iHe rourth weclt March . J4,82t,ono ,t.0O8 000 1'rom January 1 .... 4l.oiB.ono 1,208, non 4CMfOC I DAR SILVER Hsr sliver was !4U lower In London today Reserve Banks' Discount Rates Official rediscount rates at the twelve Fed eral llescne banks aro as follows' Treas. Uh. Com'l Ilkrs ctra. iionns. i-aper. Accoot tU'tlnn New Inrk Philadelphia Cleveland Itlchiniiiid Atlanta Chltago St. I-euli Mlnneapolla Kansas rily Dalle. San Francliro Bh 11 tn t 11 n 11 n BV, tfl n 11 n 11 r.Vj ti n S 0 BV4 fl n n 11 7 7 n n 7 7 7 it 7 n 7 rt with 11 BS n 11 n b BS n n Interest tnirimunf mte rnrreanonds f.i. hnmn ln rertlflcatea pledged aa collat rral. with minimum of 8 per cent In the case of Kanaaa City and DV4 per cent in of Philadelphia. the case HL ' I YvtTj Mason Contractor 10ft" 'rR'1 sie.,dj Heavi tuffii ,m B V' Vino ""l'',Liur heavy orker, light joikers and Pla. $10 7B I : jP 2138 Arch St. tin. I V. Cr.nnlnllat ir. iU SUCKf AND I.AMIIS - necelpt. mnn 1, T bTJCCiailSt lit ttlC h,.td Stt-ndy Top shrtp 111 top lambs CAIeVEa Ileoelpta, 200 head, Bteady fc Ittj tv f i Top. Ill, ' percent. p. ami m i i - - -, I 333 Cl.e.,tn,. B... Ill Interim Receipts of Wm. A.Read & Co. FOR Standard Oil Company (California) Ten-Year 7 Gold Debentures maynowbc exchanged for definitive debentures upon sur render of the receipts at the office of The Equitable Trust Company of New York, 37 Wall Street, New York. Dillon, ReacL& Co. Formerly Wm. A. Read & Co, ZJfke Good Seed Brings Forth. Good Fruit As in farming, so also in investing. For as good seed brings forth good fruit, t good investment wisely chosen brings con tinued satisfaction. V And just as the farmer has certain guides to aid him in his selection of seed, our April Se curities List is a guide to securities deserving consideration. This list represents the result of careful an alysis backed by our experience and informa ' tion. We shall be pleased to send you a copy. Kindly ask for CIRCULAR PE-381 The National Gty(bmpai National City Bank Building, New York Philadelphia 1421 Chestnut St Atlantic City Chalfonte Block, 1225 .Boardwalk giiiiiiiiiiiiiiiiiiiiiiiiiii)''''''''''''"''H'llllllUllfllTT Northern Pacific-Great Northern (Joint) C.B. & Q. Coll. Tr. 4, July. 1921 Tho Northern Pacific & Great Northern have applied to the Interatate Commerce Commiaaion (or authority to provide for tlje above bonda by issuing the following: $230,000,000 NORTHERN PACIFIC-GREAT NORTHERN (Joint) 15-Year, Collateral, Convertible 612 Doted July I, 1921 Due July I. 1936 F'rf National Bank, New York, Truttem Callable at a whole or in blocks of $5,000,000 at 103, on 75 day' notice. Convertible into Bonds of either Great Northern or Northern Pacific. To be secured by: 1. 1,658,874 ibares Chicago, Burlinfton & Quincj R. R. Slock. 2. $33,000,000 par viloe Northern Pacific Rtf. & lap. ',. 3. $33,000,000 ptr value Great Nortacra Gcnl. 7 Sorltt A. Indications are to the effect that authority will be given to issue bonds as above. We recommend to holders of the old bonds to carry them to maturity, as the new bonds seem ao attractive that the right to exchange, which will probably be given, should be valuable. lRcrJmonrJftdo. a counitfATioy or FRAZIER & CO. AND REDMOND & CO. Broad and Sansom St. Philadelphia New York Baltimore Pittsburgh Washington Railroad Bonds There are several of the higheat-grade railroad bonds which we recommend for investment, which, at maturity, or at return of normal times, will show the investor an increase in principal of 15 to 20 per cent. Further information on application. GEOWKENDMCK 3rd tS CO. PHILADELPHIA' H3t WALNUT &T. 2?aiyMers Monitors Nsw Yoilt unl Phllii'lclpliU Block llxclunges Wf ll!l Telfphotitst lull "WJ'J. mnmmmVMM A Real Banking Service Is inaija possible by a courteous personnel and a modern banking Institution, Urlm jour problems hers Union National Bank "IVfler ,treh Street Crones Third" ' IN PHILADELPHIA United N. J. R. R. & Canal Charles Fearoii & Co. 333 Chestnut Street Morris Brothers Co, KstaMlshKl IMS Bonds for Investment Municipal and Corporal 1421 Chestnut Strei C. S. PATTON & CO-i U A OIIEHTNCT HI. BANKERS riicrrn'" '".. I Hondo and blocks boMful sa ,1 Bir,b,r,7hm,srk!iy 1 ,
Significant historical Pennsylvania newspapers