18
EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, APRIL 6, 1921
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Cities Service
Company
6rr Cumulative
Preferred Stock
1. Dividends' Payable
Monthly.
2. Backed by large and .
growing equities.
3. Earnings after taxes and
all prior charges 5 times
preferred dividend ic
ouircment?. 4. Followed by $44,626.
878 Common stock with
market aluc exceeding
$107,104,308.
Price to return over S-ri
Send for circular I'
Henry L. Dohcrty
& Company
liOt Morris Btiilditij;
Philadelphia. Pa.
; fiiho i ! o u 1 Mi'
i i
STOCKS ADVANCED Lnew york" stock exchange transactions CURB ISSUES LOSE
I AiiAiirinfniiniirii. ... .?'! 1 30 Net !,
N HL-APhUM NL-Y ::;&"-.-,"'! wi-" ": n ,, ftP , , :g is sb.- urn An AN H-V
ni si .... "'"" v.iu ..mice i i hod inviticibia cm ram. . . aiu
. i
Cm
1
Spruce 8.J00 1
ff55.
h rrnrn it rimi i a a at
BONDS
41, 2s and 5s
Due 1937 to 1939
reCUWTIES DHPARTMBNT
Commercial Trust
Company
Mmbr Tadcral Rtf trr 6ni.a.
City Hall Square Weil
Federal Income Tax
Exempt
We Offer, Subject to PreViout
Sale
City of Seattle
(Washington)
Municipal Light and Power
Plant and System
6rr Gold Bonds
Interest fallible pril Ul 4 Ort. 1st
Price 100 and Accrued Interest
Dtcntt ' i (qi ;ou ieors'
Hollisler, White & Co.
In-nrpnra-ed
North American Building
iiiii.uh-.i.iiiia
Ho.tnn rrnr.drnre Nf lorlc
.Xprlmllrlil I'iltMlrld Portland
Renewal Call Rate of 52 Pet
Cent Lowest Since -,
October, 1919
i
, Nevi Yorli. April 0 The upuntd '
j Mvinc n well siitoiiicil in lodaj'.s!
Mock matket uithonl. however. nn
I pjrotecliiiics The untiimed bottci I
' ment in the inonoj situation as rr-I
llected hv lower rot-s lor mil money ;
continued the principal propelling in- j
fluenco. At difTereni Interxnls during)
the iction the list as v whole showed ,
signs of soinp: stale, lull because of the.
turHier technical adjustment tin- line
of least resistance was met on the ns. '
inetide I
Tho those who had rigured on io- '
terday's casing of tin cull money inte
it bolnp a onc-da uonder hud their I
lateillntiono upset somewhat hv the os- j
lavishing of the renewal rate at fa
per rent, the lowest since October.
UMli. At different ititcnals since then
'lie call rale tcmpori"'ily xjipped iiiidpr '
' l! per cent, but thin morning was Hit
Htt time in ecnteen months ti.e ie- i
i in w ul late was flxcil at ."'a per ipiii.i
i A lower i.Uc whs established in me j
outside market, which Influenced .1 fin
thrp lediicllon in the call rate Iiiti t in'
' the morning to ." per tent. ;
In consequence of this apparent ma- '
I rerial casing of the money situation o ,
far as it appertain -d to stock nnirkel
accommodations the aborts nijaiii found .
it expedient to cove' their contracts in I
popular isue.s This made tio oils.
I -tceln and motors again the dominant
1 (eatuiPM. The ie.oeij movement
gained fuithcr mouii'iuum fioni the
, table advices from London slating the 1
I ltriti'h labor Interests had ngreed to
Lloyd (Jeorge's proposition and post
poned lotion on a general strike. In
I this fairly active first hour additional
advances of 1 10 nut ! points wore j
tacked on yesterda a KubMaiitinl gains
I I' remained, however, essentially an '
1 industrial ns well as a traders' mrirkcl.
Only team ntfention being paid to cither '
the ralln or coppci
The market slowed rion loiisldernblv
I going into the second hour, although
prites held up extremely well consld- !
1 ering the limited buying power when
1 the mote urgent lcipmcnients of the I
hoits weie supplied. The seemingly I
; more liberal supply of ail funds, how". 1
vei. made the bear (oiitiiigent exceed
I ingl. 1 autious of inking on new com
1 iiittmenis uii the siiort siiie. and thev
, w viituiilij lontent 111 fouvcrging !
attnrks on 11 few of ihe ".apposed move
iiiliieinble spo's. iimably American Hu
mana Tobucin and Atlantic CJtjlf and
West Indies A -lion drive wa.s 11N0 !
instituted auainst Mexican Petroleum. 1
but thai isue came back quick and ,
t-oon letricved all Ihe lost ground
. After ninrkiiig time for u spell the 1
1 market quickened again around mid-I
da under the influence of the further'
'lowering of the call inie to .r per cent'
'on the floor with 11 leductiou in the.
I oiitMdc market to 4 ' a per cent I
' LIGHT TRADING
M LOCAL SHARES
Liquidating Pressure Against
Pennsylvania If ithdrawn.
Few Price Changes
He Offer
Three highest grade
Railroad Bonds;
long .term
to yield
5.87',, 6rr, 6.2',
F. P. RISTINE
& COMPANY
u Yath vtnrl Krvhuntjvs
Widener Bldg., Phila.
I'nfortuiiatelj the local marekt did
not enjoy the .stimulating influence of a
lower money rate. Money in so far a
KiocK inarKei pttiposes are concerned H
'remains as tight ns ever, and loaning1
institutions do not see nnv immediate
piospect of either nnv material change 1
in rates 01 m the amount available for 1
broken-
Neither did the local lil lespond to'
the reversal in the price wwing in the j
big market. (In the contrary the vol
ume of dealings was smaller than it has
been for some time. Despite the light
1 transactions, the trading was well din- 1
tribute,) and ihe local list was well rep- I
1 resented.
' One of the more noticeable features
1 was the withdrawal of lioulrlntlnir !
..... . . i .: .-
pressure against renns; ivania ICailroad.
'Ihe dealings in that stock were reln
tleh small, not exceeding :;00 shares
lor the nrst two hours of the trading.
isunu nie
'I lie pi ,1 e.
dipped lii IMi. wnieh wns I
Sh.s
100
ion
SftA
ltd
M4A
son
1 04
too
ltd
aait
10ft
Ado
100
1 on
ion
ttoo
ton
non
ton
110ft
'100
:ipn
.100
too
xoo
I'iOO
usnn
1.100
.100
300
too
.1100
300
too
linn
100
.100
100
0A
100
i)?oo
IM
4100
tiono
M0 1
too
100
701
100
inn
too
1 on
noo
too
too
.100
too
ton
1 0ft
flflO
100
too
ton
too
.100
.140
in
400
100
4100
iaoo
lion
run
?oo
100
100
too
loo
10(1
11)0
300
toon
2600
1000
1100
lllOft
.100
100
ion
100
too
700
.100
300
1400
t70o
3S0O
400
11100
TA0O
' .100
noo
100
too
100
300
100
3.100
soo
100
300
too
too
,10ft
300
300
.100
too
dvance Humeiv
Alaska Hold Mints
Alaska Junrau O Sf
All-American fables
Allied Chern & rjs..
Alllg.Chalmera . . . .
1 Am Agric Client pf
Am Heet Sugar .
A Am Uosch Maitneto
4 Am M Shoe Frty new.
' Am U Shoe Vpf new
Am Can
1 Am Car & Kdy
Ant Cotton Oil
I Am Ic . ...
Ant Internal Corp. .
I Am-La France ling..
3 m LltHMd
0 Am Locomotive
. Am Safety flazor. .
m Ship & Com . . .
4 m Smelt & Uef
1 Am Smelt Ttef pf
it Am Smelt A Sec pf A
3 Am Steel Foundries.
1 Am Sugar Kef . . .
111 Am Sumatra Tob . . .
0 Am Tel & Tel
13 Am Tobacco . . .
" Am Tobacco pf new
13 Am Tobacco B
7 Am Woolen
Am Wrltinu Pacer pf. 33
Am Zinc & Lead pf . 37
Anaconda Copper .... IS4
7 Anso Dry Hoods 2d pf AJ
1 Atch Top Santa Fe. 80
Atch Top SSTpf .. 7i4
tlanta Blr & Atlantic 3,
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w
36 Ti
73 i
3S Ji
AH
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133U
20 J,
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3
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8
6
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71
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3U
3?4
too
90
113
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Atlantic Fruit
in AH Oulf twins.,
7Atl Tlennliiff pf
7 Baldwin Ioeomotlro
Baltimore Ohio
Uetlilehem Steel D.
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11 H
108
88
34 14
OQ!l
Uethlehem Steel 8 pflot
Rooth Fisheries ... 44
Brltljn Tlapld Transit I3
Ilruns Term ... '
. Rutto Copper Zinc . V2
Butte & Superior Cop It
Uutterlck . . . I8Ji
Caddo Central O fie II. 17)4
California Petroleum . 44
: California Petrol pf
3 Cal Zinc 4 1-ead
in I'auadlan Pacific
7 Case J I lt Df
10 Chandler Motor .
Central Leather
7 Central Leather pf...
3 'erro de Pasco .
. CM A U III Cq T ctf
Chicago & tit West. .
Chicago Mil & St P . .
. Chicago Mil & St P pf 3.?;
Chicago Northwestern r.3't
a Chi Pneumatic Tool . C
Chi n I & Pac . . 3ij
llllc Coppei . . IOi
I'hlno Copper
H I'luett Peaboilj
Coca-Cola
I Col Cirapliophone
7 Col Qraphoplione pf.
Compul Tab P.ec its
7 Consolidated Cigar
1 Consolidteil Cas
.jo Consolidates Dl Inr
Consolidated Textiles
7 Continental Can
Continental Candy
Corn Products Uef .
cosden & Co ...
Crucible Steel
Cuban Amer Sugar
Cuban Cane Sugar.
Pener & P.lo Grande
Dome Mines . .
Durham Hosier
Eastman Kodak
Endlcott-Johnon
Erie
Krlo 1st pf
a Famous Plaers L
H Famous Players pf..
. FIM; Kubber
(lastoti Wma & Wig
General Asphalt
1 General Motors .
7 Gen Motors deb 'c
a Goodrich B F
7 Goodrich B F pf .77 flPO
7 Great Northern pf . . 73 73
4 Great North Ore r.tfs. 7 3
Green Cananca Cop. . . 3ob 3nH
7 Hartmiui Corn 7n 70
S Houston Oil . . so 70
lupp Motor Cur . UM 14 2
Indian Iloflnlng pf 'a 0'i
tin Indlahoma Ref n 11
Inspiration Con Cop . 31 '2 31 '7
.. Interb Con Corp 44 4
1 hit Harvester new . . S7 4 SJ1
7 Int Hanvter new pf.lOi'j 104i2
Int Mer Marine pf. . . .13 Rl Vi
Intci national Nickel.. I44 H'i
International Pain-r . S'1
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80
. 86,r;
. 38 IS
. 71 14
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80
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38 54
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54
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lrs
400
1A00
3t0
100
300
300
700
AOO
Alt
100
00
700
6100
100
too
100
100
100
11000
1300
Inter Paper uf smd
Invincible Oil Corp. .
Island OH
Jewel Tea
Ivrfhsas City Southern 3!4
4 Kelly-Sprlngfleld Tlie. 401,
3 Kcnneott Copper ... 1754'
Keystone T & n .... UH
a Lackawanna Steel ... A4J4
Lake Krle & WeU pf. 31
2 Lee Ilubber Tire 20('4
Lima locomotive . 7A54
2 Loewo Co lt4
It Lorlllard Tobacco .. 148
in Manatl Suirar . 70
7 Marlln-Porrv . . . . 1014
Maxwell Motor . AJ4
.Maxwell Motor ctfs. . 1(4
12 Mexican Petroleum . . KlVk
2 Miami Copper 18J.V
13i
21 Ji
Minn & St Louis 10J4
- 1
113
73
.73
3J
38'4
a; ,
7t4 -
7'4 '
34 -
a ;
33
I OS
88 3,
311',
AB'i .
104
44 '
I2ti
14 :
11
is;,.
17
41 L
14
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1131,
80
8?e
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8
3, I
381, ;.
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20 1 i -
1014 l
23 (4
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45
3 J J.
30U '
83 I
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5.
:
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21 H '
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2000 1 no Middle Stntes Corp .
4300 -j Mldvale Sttcl & Ord.
inn
300
200
200
100
300
ion
800
aoo :
AAA
AOO
010
ion t
1310
100
coo
AAA
400
77tO
3901
4A00
3.100
300
.100
AOO
A100
4 On
800
I0A
100
1A0O
1700
Missouri Pacific
1 Mulllns Bodv
National Con & Cablo
: NalEnamA Ktppf ..
n V O Tex & Met . .
N'ev Con copper
.1 New York Central. ..
Ao New York Dock . . . .
. New York N H & 11..
7 Norfolk & Westcl-n...
7 Northern Paclflo
."11 Nunatly Co
to Okla Prod & lief
otis Steel
3 Owens Bottling- Mach. 48
Pacific Devel Corp... 14JJ
n I'acinc tins & rciec.
Pacific Oil
A Pan-Amer Tetrol
3 I'rnnalvanla P. n .
Penn Seaboard Steel
Peoples Qas Chicago
i'li
34
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41'4
A0!4
10
S4
3H
lAJi
9A
78
l!i
3i
13(4
48(4
37JJ
A9
3154
4.1
Pere Marquette IB
Phillips Pet 28(4
Plerce-Arrow Motor.. 34(4
Pierco Oil 10?j
.1 Pitts. Coal 63U
a 1'iesscd Steel Cifr.... 80(4
7 Pressed Steel Car pf . . 90
A Punla. AJegrrc Sugar . 4A'4
4 Puro Oil 331-4
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100I.3A Hand Mln Am Shares 31
liny Con Copper ... 13
1 Reading r,SH
Remington Typewriter 31 1,
1) Republic Iron A Steel. A7J4
1 Repub Iron & Steel pf . 9.1
70 Royal Dutch N Y A0(i
St Loula San Fran... 21 14
St Louis Southwest . . 274
Santa Cecelia Sugar . 3i4
8 Sears-Roebuck 73J,
Seaboard Air, Line pf. !,
.--viiccu. uop -orp. . i',4
1100
700
100
1300
100
3S0O ,
SOO
300
300
3000
ion
1300
2on
100
1300
200
100
ton
100
ion
400
3S800
100
100
200
.14011
lAon
20n
7000
1311ft
ion
300
100
ion
100
2110
100
10M :
AOO
1400
aim
300
200
h00
2800
1 00
200
8800
100
10)
Bill)
son
mo
100
700
I Oil
inn
2nn
.ion
200
3100
moo
too
Shntluck Arizona Corp I A,
40
33'i
41
74?,
30'i
148
: Shell Transport
Sinclair Oil
n Sloss-Sheft
Southern Pacific . .
Southern Itall .
.1 Standard Oil of N .1
7 Standard Oil of N J ifl07',
4 Stewart Warner Speed 39(4
7 Studebaker 70
I Submarine Boat Corp . 81,
Superior OH Corp 8!,'
Tenn Cop & Chem 7U
3 Tcxus Co 41
. Texas Co rts 1 Ji
Texas A Pacific . . 71 1,
I Texas &. Vac C A O . 29!,
0 Tobacco Products . .474,
Tol St L A West ctfs. 8
Transcontinental all . 10?n
:i Twin City R T .11 14
Knlon Oil 30J,
10 Union Paclf.o It7(a
. . United Alloy Steel . 304
8 United Drug 83 14
.50 United Drug lt pf . 43'4
8 United Fruit 104
3 United Retail Stores.. A9i,
U S C 1 P A Fdy. .. 181,
.1 V S C I I A Fdy pf 401,
ti H Food 1'ioducts . 23
8 U H Ind Alcohol ... . AAi,
8 U S Rubber 71ft
8 US Rubber 1st pf. . . . 101 Ji
U S Smelt A Rff ... 3flii
.1 II S Stee' 83(,
1 U S Steel jft 110,
H I tali Copper 48
Utah Sec 10 J,
4 Vanadium Coip . ... ItOJi
4 Va-Carolina Chem ... 3m
Vhnudou Inc A
.. Wiibash "!,
Wells Fargo Uxpresd. .19,',
Western Maryland .. 9,
7 Western Union Tel .. 8S,
4 Westlnghousn 13 A M. 47',
4 While Motor . . . 40',
. . White. Oil Corp 1AM
Wllls.Overlaiid .. 8fi st,
A Worthlngton Pump . 4Si, 4814
IrfVW
78(4
30 M.
H
lM
35
39?,
"54
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31
20
74
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10
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154
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Outside Market Steady, but
Price Movements Are Not
Extonsivo Minos Active
New York. April ft. The market on
the llrond street curb today showed a
sleodr tone, but price movements were
not extensive nnd part of the early
nnln. M-pri. Inst when a sunnl.V of stock
....A...t nftee m1r1d,rX
Diiront Motors held nt 24U. trading
In thnt Mock apparently having been
contracted becauso of the fact that the
current reports of obtalnlnlg control
of Studebaker were not confirmed u.v
nnv Atalcments at the Studebnker meet
ing yesterday. Sweets 8old nt 'Jnrti "
changed In its trading position.
There wan a good volume of business
in the Independent oils. Fluctuations
In these Issues were generally nut-row.
Slmms was Influenced by the announce
ment of 11 bringing in of a new well
nnd advanced from 7i to 8 Mara
calbo nchanced to.'M during the fore-
1 noon, but wns in Atippiy anu '-,
during the last half ot 111c oaj. .
u.,iirnto Knld nt 77 to S'-'h- Inter-
Petroleum dropped from 1584 to Ik. t
MlnltiK Mocks were actively traded ,
i T-....1.. rvnuin lielnir Ihe fea
ture of that group because of conltnued
reporls of favorable developments at
the mines.
1MIIS1KISI1
ruuuuuuuuuuuurji
juuuuai
,J I nnt Am Tob couo
iDurant .Motor, . ...
'!i
1IIH.
. 121,
. 21JI
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it
llmnlrft Kuod
(lnrlnlM S S
Perfection Tire . .
Prnf Hhares lies
Prof Shnre, lies piof
lladlo Com
lIAdlo Com pref
tiwretn Co .
54 1" H Hleain
i, l.nke Torrilo lt P'f -
1 1 I frou C & I "
1, STAMIAItl) OH.1
I Anitlo-Amer Oil . 17
ii rftund O.l of ltul . . . 09 "
u iNnnrr.NnENT oils
la ' . mia r .14
Ilonne Oil . .
llotoa Womln(t .
rnrlb Synil .
Cllle, Hervlee IV ctti
Dnniiv Oil . . .
Elk llasln Pet ...
tr.nlni.i.r. .ltrnl
! Pederal Oil
Ulrnrool; oil
(lurtey Olilespln
Houston Oil ....
Int retrnl .
Msrlnnrt Vet Oil
I .narHcnioo uii
I North Amer Oil . .
Nonle
Onur Oil
mninin I'et
Skelly Oil .
fn Teins Oil
Vletnrla Oil ne'
Y Oil .
lyivr
121.
21".
IVa
l
1
16',
1
8',
274
'
8
IS
I',
11.
.
!.-..
18
3i
8'
IS
IS
1.
ITS
.10
1:301
21 V
1
IS
1
1
84,
17
ADS
14
IS
8.
IS
IS
IS
US
s
MS
18
ii
Cassatt Offerings
T HE April issue of Cassatt
Offerings is ready for
y rli'Qfrihiifinn
V4 4WVI IVVtblXl't
Together with a listmg of
high - grade conservative se
curities, it contains an article
on the advantages of Railroad
Equipment Trust Obliga
tions. We shall be glad to send you
a copy.
KINDLY ASK FOR CIRCULAR K-li
CASSATT V CO.
EstahUsfod :en
COMMERCIAL TRUST BLDG.
PHILADELPHIA
BALTIMORE
, NEW YORK
PITTSBURGH
SCRANTOM
1- 1
1 11 1 ; ,
30)i
81 J,
HO,
48
10J
39 ji-
31 H li4
'
i-i (4
7',, , Ji
AN V,
lM H
Wi . i
47. 'i 14
40te
101, V 34
SH ' 5i
4 m 2 J4
Commodity Markets
MIDVALE PASSES DIVIDEND
GRAIN MARKET
Chicago. April II -Selling of wheat
wns continued nt me immediate Nlnrt
today and the market wa wenker, with pased the quarterly
liuiet period of the dnv. .Ink nt n new low lee!
however, after touching .W-H ,ltnn waM lnllle,l. Miij appeared to
Hs. wnieh wns U . 11 ho ye ' . . ,....
il.i. Iiottmi, 1 mo,i.. , v. i-.i, be under prcsuto trom a receiving
! .Most of lb e price changes were in ' house, presumablj hedging against pur-
I -mall lractiun- Ihe only exception Chases of the actual gr.iin in the conn-
Bett Interest of Company Served by
Omitting Disbursement
New York. April (1 Directors of the
Midvalle Steel and (lidnance Co. Iibu-
dividend of o"
Trade in that 'iit- a share due al this time.
I '1'l.n ff.ll.... 1.... Li...l. .. .. ...n,l..
.11'- I.MIWt. IH5 -lllt Illl'lll M 11 IIIHIIU
after ihe djreclors' jiieeiing: Mlur
operations for the lirM nui months of
111"! how a lo The .March account
Financial Briefs
The nmrsso price of twmty actlin Indu,
trim Mock, ndanrcd 1 per rent ',ttri1ay to
.ii in while twent inllroid, adMincni 11
to .0 to
'llif filled Stute. ,r.ni llur.au Mnnnuni."
ha the totul amount of ,llr purUiarrd
'.'. .''."-". ''.'uler tlm I'lttman an mnounli to
I. O.li l.iil ounce,.
I being (ienernl Asphalt, which wns ad-,.. ......,.
tin.. ri ! ,.,. u ... !!. k-i..:.... .i..irj oiernigni
'Mi. 'tuari.rlv dividend of S3 cni nhar.
on IliH rARimMi .Inrl nt fh. il.ii.rnl lnm..
will nor be Dually audited before about forpniiilnn dei-lared n.rda.' Tor
Apiil Li. but we hae 110 teapou to be
MINIMI
Alaska Dr Columbia
Atlnt.-:.
Il.ich.r llvldo
tlic I-dei. . . .
fllooth
lloaton ft Montana
c'alfdonla Mining
Candelarln Mlnlnc
Oona Virginia
I'oreti! Hllver
c'rranon OoM . .
I'reaeent MHcNamara . .
Ill Salvador ...
r.inma Sller . .
Cureka rro.u,
Eureka. Holly ... .
Cold Con,
Hold 11M.I .
CloldfleM Florence
(told K.wunaa
clnid H1l.r Pick
clntd Zone
Ureat Heart
llaabrouck DIMd.
Iron nioiitoni
.Itimbo Kxl-ilon
Knox Wvldo
MacNamra
Mnrah Mining . .
Mother Lode
North Star
Ophlr Pllier
Itocheater Mlnei
Pan Tov
Sler Kinir Iilude
So Am T t U
Stand Silver I.nd
Succea, Mlnlnit . . .
Tonopah Ilolmont
Tonopah C'aah Jloy
Tonopah 1)1 Idc
Tonotiah Kitenaion
I Tnnopah-.llm Hutler . . .
Totiopali Mldnay .
4 Tononiili Mti'lmc .
?4 ' Tonopah Mlzpah
iiinopan .Monmna
Tonopah llescue Kola
1' S Cont . . ,
I'nlled Kaatern
Victory . .
Wnt 12nd Con
1VhlH Cap, . . . .
Wllbert
DOMIS
Adlfd Packei, A . .
lner Tel An 1,22. .
Imer Tel 0 I0J4.
Anaconda 7i 1020
HeAver lloiril 8s .
Ilelh flteel 7a 103.1.
i opper Hxport 8a 1933
Copper Kxport 8s 1124
i opper Kkiiort Ss 1025
cone claa 7a . .
C'ona T.xtlle
1
3
4A
m
ii
17
.;1S
'is
12
ii
. 1
S
f,
4
A3
11
17
n
on
cr.
IS
i
3
4"
A4
11
17
.OS
'T',
12
3. ai
Ileve t hut the monili wfll
The report of the Federal Department improctnent mer .lanuarj
show any
and I'cb-
KU 1'iHK
AIU 111
inined :i points, to (K!l4. bringing the
. fllMl'O Oil II niiritt ll'ltli lln. fiitf.lntlnn
' .... .1... !.. .....I..'. f -L.!..l. 1-11-.. . I ..!... .!.,.. .In. .. 'I'knehilll V tt II U I 11 1 II I'I ltoMllllS flir tlm fllllirl.r V 1 1 1 llO
"i in-- i.ij. ti-nuiisi-. i. coign t aue.v 01 ngi-ji-uii'ii' ivi.- "u . .....r...... . - . "--. : ; , :- ",
and Klcctric Storage were fractionally I expected to how a high couditiou for published after the tegular meeting of
belter. Philadelphia Klcctric share's the winter crop. Thi. together with the , the dim-tors on .May I
shaded, wnile I (i. I. and Phllndelnhin labor situation iibrond. causisl a bearish "In view of the above conditions and
Kapid Transit were unchanged.
flnnilflnl. Tlr. 1m
umie ilnre there had been cnniMernbie con lilratid TruM fl'i a
oetur. In atoek market clrcea a, to whether I ilulf Oil 7a . .
in. divid.nd u-onl.l b malntaln.d at th. pre-., i Humble O.l
ent rate, and a. a riult of tho unci talntj
... niLin unit urcn nr.vj lor Home lime
Foreign Exchange
Explained
Our la i. sr bool.let ilourili
rrlltien) KoreiK'i Lxcrtaiiuo
Explained" clarifies what np
luais to ho i 'luncull proti
li-rn to proapecih e purchasers
of Ko.-c cm Secauio'S.
0iier-j of I-'or. ijfn Secant's
will find this booklet of inca
liinatilo alue.
Snt Irtt upon rtqattl lor F-40
WSH.MSKenna&Co.
23-31 W. 13(1 St., New York
Philadelphia Stocks
IIIKll
I Id Am Str . ."
'JO Haiti I.o HS
LT rum Iron ."."i
liiOtf'rucible
Steel... Mti,
I.O
r.r. '
,Ss
I -IB Net
P m rh,e.
.-Il 1,,
roiinir the uncertainty as to the future, the
May' opened at SI. SO to I1.J15. against j directors decided that tho interest of isYih'.oiju in 1016
SI HO', nt the close yextcrdny. .July1 the company would be best served by
started at SI. 10 to Sl.llVi. against . omitting pu.uncnt of any dividends
$1.10i at the close .lesteruay, nun mu-r -
sold at $1.10.,. . . . . . t FOREIGN EXCHANGE
Corn lost itrnunU ii neat rommioe on
houses were free nellers, M-hile buying
The American Piano Co. for the 5 ear end
'.r.A ,V."v''!!b"' Jh -"'Port, Krca aale, of
tlO.44l.00O, which compare, with 17 21,1.
nno the prevlou, jear. JA.0liA.00o in ints
M.S.17.AA0 In 1IH7 10.500,00-) In 1010 mid
New York, April (I. There was a
"."... 1 ... ..lii.., V.r.le.- met on stiong lone to rh. foieign exchange
was ciioiiiir. -..,, market -it tl n nlng this morning.
S(ii8 S(1ia
20 F.leeStor.10-1-',. 1018', 1043,4- J
10 Oen Asph tk't', 03 (131,::
I'
1
SECURITY SALESMEN
A .ptendld opiMirtiinllx for an ener-c-tlr,
espeiienred arrilrit) sitlesniitn to
fiirm u prnlltnlilr riinneitinn with it ornm
lnn lirokeriiae Ihhi... Now -.elllnir the
ffMk o( .1 liirm- mill nillii-lj "I'rrnllnii
enlerprl. timked h uo eritrnah. ndier.
tl.lna cautp.lcn, The best leiula will be
furnished. 8r.
Silt. JAt'KsilN. 7J3 llldenrr llldit.
lOMJi-n Mol
' I Co V A
.". I. eh ul..
!i:t I'ii II It..
1'J I'hila Ins
Who .
10 I'll iln C
cum pf..
ICO I'hila Klrc
10.1 do pref..
::.-. I'hila II T
Kltllrndlng..
I.-, c a 1
L'tlHrSritcel
..I rh.titgc n rtd
i n Vew Vor.. '
14
'.'0
W--4
:i4-.
Til
"'I..
-M'-'s
-'it
17
list j
.'i:t ' ..
.VJ
In
1 1
-".'
Jiii,
.in.
lil'y
HSU.
11
-! . .
l!i-rr
51
.12 ly
IT . .
IISl..-r
:isi.i..
ss
tUt nnv .Inter
Mav'wus cpiotnl ni .'11' ...c to i'iO-c nt
tint outset, ngainst .iIIh'' "t me fnVm
terdnv. .lulv started at tJ3e to l!2Tsc.
against (l-'lsc at the close eterday.
Seplnnber opened l',c lower nt Oo'sc,
nnd declined to 0.1c. ,.,.
'I'rndo in oats wiih light with meal
operators pressing the (.oiling sine. 1 ni
nes were lower. .
Mnv opened at .I7 io nnTc. ago nst
.'17'ic' at the close jesterday. 'illy
........i n riH.i.,.. t,i 1IS1..C-. acnlnst SSc
at the close esterday. Hep'einber
started al .'Ifiv to IIS'sc, against .HiUc nt
the dose yesterdaj I
Tho Tranklln Truit ro n ill op.n
dnv..nv,ii offlc. at the northwest mrner of
pelawaro avenue and Market street about
Mnv 1
i-ompiir.p' n itti
Kirhatm--
The
First National Bank
of Boston
Capital, Surplus and Profits
537,500,000
I'lIIMIini.I'llll IIIIMIs
I ."it Ml Litieil.i 1st l',s . .
liiOtl Liberty 'Jd -1 , s .
:i(M0 I.lherlj 'Jd 1'ts reg. .
:!0(8) Liberty Jd '' . .
."!Hl Liberty lid 44 . .
'.11VMI Liberty 1th 4'4
.mi 1 New
I UlHlkl'l
'nilin 111
Sterling was ', cent up, francs 7 points,
lire points ami inurRs 1 pmni'
Swiss, lioweier, was off J points,
Quotations wt ii- .
Sterling 1 aides Jl.OJU. demand
Jl.lll'a: fram 1 abbs 7.10, checks 7.00.
lire cables l.'Jtl. checks I.J51-., ; Swis
cables I'.hTi. clucks 17.:i'J: gulldci
cobles .'i-l.,ri,ri, elietkn .'14. "i0 : pesetas
cables 14.00. cl ks 1,'I.IIK: Stnekholm
cables J.'L.'i.'i. checks J.'l.oO ; Christian 1
cables lll.rill. cheeks HI.IMI ; Copenhagen,
cables 17.110. checks 17. W; Helglan
cables 7 1J. clniks 7.41 ; marks l.lll.
YESTnniJAv s nsAi. quotations ,
4i.r n.j Prrfini l.lfrt llulldei.
111 V. 1.11:1 in .11 in
n ii.". ; o.-i 1 in 31 .'1.1
nlTIMMl Ol'OTATIONS
I. 're llut'd,'!.
4 -.':' j :n r,n
1 va :i 1 -.5
lor the ifr ended netlnler HI the ftali
I onanlidated Mlnlnar c.'o, reports net 0..
"jer rhnrirea and Invenlory adlu.tmeni. of
film 140 analnit turplua of llM.niln th,.
ur.xlous ear.
urne
O Fi
D.niaml
Cublei
I TUMI
-"Tiu.k 1'rHitiH
.1 11 1 W 7 fn
.1 11.". 7 in
III
.12
1 list l.llieri v un I'."
1th -I'is.
l.'ilH) Libel ty
1IKMI Lilierti
."O Liberty
7."00 Victor.
.ilK Victory
2.100 Victory
ll(M) Victory
1000 Cnj
JOO Lie.
1th 14S reg.
I'll 4'is reg
4s
4-V--
l:,.s
:4S
Is 1047
& I'eoiile's I- .
COTTON MARKET
VnrU. Auril II. TIlO cotton
.,,1,1 rr shnriilt at the opening , iUi.n.i
n response to weaker cables and . cnbii
tuitlier d snuieling news us to inc r.iig-
lisli 1 mine strike situation. First prh es I BANK CLEARINGS
dropped 1" 10 211 points, nnd there was n,n. . rmKi 'mi.i rnmp,ir.ii ni, ,,r
selling pressure ul the opening . from , reapondum -y li to s-ari
southern Inteiesis and cnminission , t,hli Kj'l.i.i o,,n ss "tlsis 1-U Vo-J in.,
bonsrti Subsequently the market struil-li-hiirtu , m s.-n inn i(ii,4'j-.'.iiiiii ss '.m.'.siis
.i few iiolnts on c.nerlng an I icis 1 -ii Tir. 7:1.1 mi.mi.ir.12I :.'. ruiiitun
.T'ri. ,.i. of hetter Mam hester biisines.
Ml! 110 1 The receipts of cotton at the ports 1 LIVESTOCK QUOTATIONS
. NIL 20 1 for the day are estimated ni i.i.mni. (hinntn. awu in - c-atti.!-: Hucip -
l,,i. 117 r.lll.l nenlnst 17..illS balfS a weelC llgO, IJ.OIO hi ml ervil,. l.llllo early
. fT I 111 1 :to
07. fill hales two en is ago
.. !l7.i"
MONEY-LENDING RATES
M.U 70HK Mnnev mi c.i'l l.olh , H
1 f c itliueral orened todn nt .li'j pei
for lendlinc nnd reneiln
rilll.Mlr.l.l'lll.t ' 41 II per rent
il per (em. commercial puin-i three
month. 0 per cent
.Note Then, ure msrtlv nominal umta
lion., the It lent rat. of IntcrrM in the Mais
' I'ennaylianlo belnic (ixed t 0 p.r cent.
1'lui premium and romnilaflnn, tlm. money,
'r thirty and ninety dav, la loaned at 8 to
"1 per cent while commercial paper, from
tlntly to ninety d.iju. 1, loaned at H to s1,
in cent.
IIIVIM1N- Monev is ouoied nt , pet
e 1' Ulaeouiit ratei Hnm t bii s ,i4 per
nt three niontlia' bill,. AS to 0,V percent
l'aii-Amer I'et 7.
Senra Ilnshuclc 7. 1031
.ucr Itoebuck "1 1922
Sinclair 7',a .
Solvay 8, .
H'aml Oil N Y 7a 1021)
Hwlft Aa . .
Vacuum 7a . .
Weatern Kieo 7
Hnl S'ti
0
.1
IS
I'i
17
IS
1"
1
ITS
7S
mis
lias
or.V)
iitn,
H'.l
Oil
KIlS
01
S3S
nss
"OS
noS
nis
on
nr.s
01S
toon
10H.
on
ions
ns
83
3S
is
13
IT
f,
I'i
11
:i
"1
is-
12
17
IS
s
in',
7 s
no'i
!I2S
OS
H .IS
ii'iS
no
nn
90S
04
sus
or.s
tun.
(MS
tl-l
:i.i .
111s
lftos
lots
n
inciU
ftlS
83
,?''
Is
13
We Own and Offer Subject to Prior Sale:
Price
To Yield About
City of Philadelphia
General Municipal 5 Honda, Due 1940 4.75
Federal Land Bank
Farm Loan 4' Bonth, Due 1937
Georgia Railway & Power Company
Firat nnd Refundinor Mortsase 5
V Sinking Fund Gold Bonds, Due 1954....
5.15
(i i)
K
.6.90
Vacuum Oil Company
Fifteen year 7 Gold Bond,, Due 1936
Winchester Repeating Arms Company
Firat Mortgage Twenty-year 7''j
Gold Bond,, Due 1941
Penn Public Service Corporation
Firat and Refunding Mortgage
Fiftecn'-year 7'j Gold Bond,,
Serie. "B," Due 1935
Humble Oil and Refining Company
Two-year 7 Gold Notea, Due 1923
HI FRCP. Or ALL fCDERAL INCOMl. TAX
(21 l-RCL OF PENNSYLVANIA STATE TAX
'31 NORMAL 2 TAX PAID BY COMPANY
M) PENNSYLVANIA SIATE TAX RCfUNDED
7.00
(I)
7.75
.8.00
(3 d S)
.8.90
Harrison, Smith &, Co.
INVESTMENT SECURITIES
121 SOUTH 5TH STREET
PHILADELPHIA
LOMBARD 6100
DIVIDENDS DECLARED
Middle IWat I'tllltlea Co . II 80 on pre.
ferred payablo May 14 to stock of record
April 30.
Oeneral Motora Corporation quarterly 2J
cent, on common, II. AO 01 preferred fl.Bfi
on the it per cent debenture and 11.7.1 on 7
per cut debenture, all payablo M.ij 2 to
aim Uholdera of record April 1.1.
Ilrown Hhoe. ouarterly of 11.75 on pre
ferred. p.iMible May 1 to Block of record
pill 20
S. II, Kreaa Co.. qunrterlj of 1 per tent
.,, pmiimnn n.llb!n AIh t.' Ii. .,.., ...
' - -- - ... ,v.n ,,1 I
ri-eord April 20. I
American Unlit and Traction Co ouineru '
1 tier cent In rnali and I per cent In ux-
on common and quart. rlv I1? pej em on
preferred, all payable Ma 2 1.1 ato.-l. nf
record April 12
iliiriand Hteamahlp CorpornUon in re
cent piK'nblo .May 10 to Moik of re. oru
April 2,1.
:'i I '
1
4lV, I
U7,
HO'i 1
H2',
"' 1
""'!
iniS
no
01
ims
in
suS
IMS
tin';
HAS I
IMS i
ll'l
li.'.S I
I'lS 1
100s
101s
nn
lnoii
fins
81
!
1
I
H' OWN AND OFFER
TO NET 7V4
$50,000
ERIE RAILROAD
Scries F. F.
6 Equipment Trust Gold Certificates
I. sued under the Philadelphia Plan
I nlleil Slate, Mortcacr A Trust Co., fw York, Truite.
The total isiue of $3,680,000 represent slightly le
than 64',c of the, cost value of trie equipment by which
it is secured.
An equity of slightly moro than 36 r'c thus being
established.
May 1, 1922 98.72
Nov. 1, 1922 98.16
May 1, 1923 97.62
Nov. 1, 1923 97.10
May 1, 1924 96.60
Nov. 1, 1924 96.12
May 1, 1925 95.65
Nov. 1, 1925 95.20
May 1, 1926 94.76
Nov. 1, 1926 94.34
May 1, 1927 93.94
Nov. 1, 1927 93.55
BATTLES & CO.
Established 1800
Independence Square (East)
S7
S7
S7 . 00
. S-.U1
.h).:ii
lots H7.JS
. S7.J:
Again Postpone Goodyear Meeting
Ikroll. O . April II - Tli a orho'der
i"idltiir of the (looiear Tli and Itubber
' ,1 scheduled for todsv wna aja'n pot
i ned until Mondnv April 11 a- 2 p m
nfclala hone to linv. nil ,l 1 1 m n nntrinl
i-.ih tho rflnanclnic plan Meurert un in thai
iiii It m elated.
j Raw Sugar Quiet and Unchanged
Ne Inrk. April II. The riw sugar nur I
't Lontlnuea quiet and aTsiut unrhancerl 1
j I'rTer.naa from aeveral nouries mo Iwlnc I
made, with ntoderale freedom, at prl-e.
rannlna ffom A.02WA.27C dutj paid. The I
onl- trapanctlon reported tr.tcrdio -aa a 1
'01 of 14.000 baira of Han Iinnilnuoea dun,
to arrH. this !. at 4S v to the Allie-Unu
1 n. IiniHirtntlnns Included II Hon baa. I'nrto
hires to Arhuckle! 10.000 li p.irto rtn-oa
and 20 0011 baaa Cuba, to the l-'eilenit 1011. 1
' n 74,000 baaa Cubaa nnd 12, noo biui'
1100 bint
ii'llipalu
ran Domlnanea to th, alii
II ,100 baRa San Doinlncoea to the American' I
omp-im and 3000 haya San llomu soe. coi '
liied to an Imporu-r. The li:al ietlne
oarket la unchained.
ir the iiav are csuiiiiiiru in i,.n, ( himcii, awi! in -ilea
aKainst IT.J'.OS bolfH a weeh auo, ij.ch n h.n.l erv ,u,
Wtttoh a year ago and l--'.T ..'""nrV'-.on- "ii..
tra
Or lower nn lsef
bull.. JN.2.1111 :
GEO. A. HUHN & SONS
nrcii u im iiiimi
llembera of Hie riiilndelnhlii, Neiv
lork and hlciiso riinrt. r,i hnusrs
Ntti lorU ( niton I'.xiliniiae
Commission Orders Cx.cul.d In
All Hie Principal Market.
Liberty Oondi tlouaht and Sold
IW-lleine Court Hide Ills lliilnnl M.
. 1,, III llrmiilHiij llliinllr LII),
Xnttina.nilnr Motel
1 IIMMI I'eiinsjlrania UVj.
....I,. i. ti.. .... 1... -.
i nnni runii 1 11 i.i
KM) lhla l.
:;ooo i'hila li A.
1st "
W Is.
In'.
.iolS
o.-.-i, ;.:,,,
illl I '
- liintnr
'Ml'l ' r,
I'relnu.
i-o. ripen
U.70 11 ,"i0
12 j:i 12.01
12.70 12.SS
III Os 12 ss
13 1 1.1 no
12 .10 I
Reserve Banks' Discount Rates
Accounting Executive
rel. new liltcli xrnile eiiiinei.tiiui,
( tillexr aTHiliin'c I pe lencril In
Ifiierul ami 1111I1II1 iinrl,. Well rrioni
mendril. Will lneH.
l'tim.ici i.r.imKii. nov c.eit
Douglass Hospital to Graduate
liriidunling exirii-ies of the 101
. h,. f niir.es of I loiiL'lie-h Miniorial
Hospital will be held In Wesle African v. VorK
.McthndiHt Xion fhurcli. l'ift illl and : l'.'B'?;jftm'1
l,omi)arii sireeis. ocm i i-iiii-.iin, i-.,--11111K.
"Minor Moore Is expected to speaU
and th program Includes iniislca1 and
hlliKinu selecll'ins. The malcr of cere
I.Hill'l - 'il l' A 10. Si 0I1: in i-nla-
I nn 1 lllllllllli I- Ul'l lie lllillle I.I I)'. V
I'. !.iss.i and n o nhort add
Of fial reihaeouni r.-ii.a at Ilia t.le fed
iral Reaere banka aro e follow,-
ireaa i,m. on itKra,
IllchnU'td
Atlanta
("hleaio
Hi. Istula
Minneapolis
I t triiduiH -
II I' Aiidei
well.'
u.ll
n ,
iniiil'
id Hi
11 v
Illl
I'., It J. -
-I" I
l .
f
SV,
il
IS
1 rl Oi
Hn'm
Honda Taper Acepi
to :
no.
liutrhiHt .b, atoik and Imlla moti 2.I0
low.r. bul fnt muH and heifers. I.i 2.,1i
I 7 Ml. boloitnas mui.tlv 1 1 .'., ! - ..'I blltthe
1 1 il4 I uradev i.irceii m 1." 2,1 n oil. -eal irflvei.
12.1T I s 01 l,er. ami f-vd-'l. itlituit ateaih . uali'i,
l"7ri 'o iM -H " t sf ' .t I7ffs lltlll. Hill, 1 at -
land fee.teiK (il r,oi 7 7.1
IKilis IteiH.pt- in odd CipeniiiR- eiean,
'to loo h A-er l-itei nuihtji' ateail. to atron-i
uith entenU HH'eraae Top 110,2.1 bull.
2'in pound 'IniMi III lin'tf 10 15. bulk l.'ii
pounds up 1.0'iiftu do, plica mostly Mi'iwlv
I bulk fle.ir.il.ti- plus fllHMl) 10
SHIIKP Ite, elpti 17.00(1 pounds CJpeti
ln: ati'.nl on all Krades and cllisaea rail
top Mnolid lamti. 1(1 ,0 aooif held hluhrr
I hulk f.11 liiinh. Js 2,11)11. ihoire llznt rn
1 IS 7.1
H
il
.1',
I.
ll
II
II
il
I'i
il
of Kans I'liy and AS
1 ut miuaeiiuu.
th 1 t
f.k -d i." ,'
er in i'i.
eni n the
Knl lliitTnln. Apiil il CAITI.i: llecelptsl
7.1 head Sle.nH i',es. receipt". 27.1.
1 head Thirty lents hlaher; fAfriS '
1 IIDC1M Itfoeipia. .solid head Steaih to
1 2 ,V lower lea.v MOtl III .10, niUed. 110 "f, I
Dill i.rk s IIKill'J.I, lluht orkeia
ill - Ii .in. n M infill 71 in ih
. Vi s .11 ,t ,fH fill ll Ml
sll.-.l I , Mllh I.i.;- II! "I
.a. I I' fn- , . iiul ' Wool latnu- I'I,
ifi't . -li nh. J.i ft .-e.-tlna-. S1H1
; ..11 i,.ihi. in do ji 0 i j. nn l.ttu
liiu'U ill-fr. tiftO 25.
THE
FIFTH AVENUE
BUILDING
"mtn than an vJk buitJug'' j
No euiusiw liotcl could
be more discriminating in
its acceptance of pucsts
than the Fifth Avenue
Building is in its choice of
tenants. No hostelry is
more zealous in rendering
Uroadway and Fifth Avenue efficient service than this
n Madron b(tiarc "more than an office
Nt Wk building.
BENJAMIN FRANKLIN
selected the choicest maxims he had printed in
"Poor Richard's Almanac" during twenty-five
years, and wove them into a narrative entitled
THE WAY-TO WEALTH,
which our Savings Fund Department has re
printed and will furnish, on request, to individuals
and corporations for distribution among their
customers and employes.
Fidelity
Trust Company .
323 Chestnut Street
M3 Chcitnut Street .
6324 Woodland Ave.i
West Philadelphia
fjl-ilf-! tm
-r.. y.,,iVOi00o -vjuttJ Surplus 16,000,000
Funds Held in Trust 250,000,000
K'iM
1
r
;
..,.
jm&2&&. .j&m
wr-ti:t ir-jy iyciS9t "ffnv &';f?'M?y''t?y
r-,1. 1 -tu. , jiA1!, f
ait