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teVBNlN-Gf PUBEiq IIIDTSEIPHinSBEEPHr. THURSDAY, KPRIB IK, (321
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W A
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The Investor's
Review
Our fortnightly publication ltM
Just been issued in n new form, and
contains 12 pnires of finnnclalinior-i British I ahnr llnrionvnl W.-o n
ich should appeal to all I "
EARLY SINKING
SPELL IN MARKET
NEW YORK STOCK EXCHANGE TRANSACTIONS
mation whlc
classes of investors
The following issues are dis
cussed in detail, giving the latest
available data I
Contributing Disturbing
Influonco
Baldwin
Texas Co.
Am. Tel. & Tel.
Famous Players
U. S. Ind. Alcohol
Baltimore & Ohio
American Woolen
AtH or a rrt com
BOUREAU & EVANS
Jfemtcu lhilndephia Stock k'xehange
130 Soulh 15th St.
Philadelphia
Locust ,,;: fac IDS
West t'hlla Office. : . 62d Street
I'honc: iJcJ'roi I S39
r&ii:ii!i7i!i I :'!. .I:1.'.', ,. ,.i,,r ! ..'., 'm.'in
pH
INVESTORS'
HANDBOOK
A statistical man
ual giving data on
stocks and bonds of
railroads. industrial,
mining and oil cor
porations. Earnings, working
capital, dividend rec
ords, high and low
prices arc shown.
Aik for S-10
J. F. McGOVERN & CO.
Member, of rtilli. Slurs, r-iehmis
1130 South 1'cnn Sq l'hlla.
tnrnce 418 n.ce JOM
New York 3? llioadwsr
Direct rrltule M"lre l All Markets
uim'i'w minim iiMiiiiiniii miH Mai w: i i si it mu1 1
External
&obernmcnt
ffionte
Nerc Vorli. April 14. ll looked for
a time tlil moiniiijr a if the entire list
na on the sliding board. l.'nmltnkn
lile weakness cropped up simultaneous!)
In different quartcri and the whole
maiket hnd an tincomforfubly trnft ap
pearance. l,osc rnn(jlii(r from 1 to
over .1 prmt wore sustained bv i'.r
npreontntive "hare, of both tho rail
i oiid and industrial division. Ileforr
midday, however, the sclllni; movement
mitomat:"iilly rpent If'. foreo nnd wn
tollowcil bv n general recovery, tilth:
rnced by profit-taking of the bearish
cohtiiin'. Itirrcnslmr dullness nivnm
paniee th" lehmind, npain rexenluiR a
t scant biolns power when the
mure un,"nt requirements of the shoit..
were tilled
Ii'niimi:iifr tidvlie, denim; with
(lie ljritish labor uplienvul were pri
m.iri'i held responsible for the further
in dim ntnl the mental unsetlii mont
I I'tu in a measure, was contradicted
j in ih.' drintie-xx of exchange on i.nndmi
in me Mien,!iii oi me so-cailcii tin -".in
oil iss,,,. Kit use, howcct, for
'in diooplr.ir tendentv of I he mnrkei
I ei '"I be found on nil sides if one were
I 'i-lincl io look lor ndverso argument.
S'fitemeuts cf i-iiili-oad presidinN nn.l
l indiiHtti.il corporation manager, nlonc
'Hild lme furnished :"tnp!e supply of
i beariMi am'ni.nition Another tonipli-
.alms f.iil.ir wu the possibility of n
.inni'V Hum . tcsult of the lunvy
covejnm'ii" MithdraMala lo puy the
I.ibetn bi.nl md ireair certificate
nttri""!
Tin- .ail ii-ni.il tate was fixed at
7 per cent but the Mipplv was repotted
.to be not nerplcntiful. jet Ftltficlcnt to
meet all nqtiirt-mciitt- durini; the morn-
MtiK ttitlu'in fur. ins tip the rate ii it
i wiw feared miRlit occur.
, Kvidentlj there nm quite nn accum
i illation nf selling orders orer niRht
I winch a lujnse-ted in the enlarged
offenne- Kor intunee, Northern l'a
I eltie. iterdoy s neakevt feature opened
, lth u Mile of HHK) shares at u Isos of
t 'j The other transcontlnentals
I uere imilarl depressed in the first
hour bu' the tuiN and iiidutrinl both
suffered further lo"es as the morniiift
es.ion pro:reii'd Delaware & Ilud
.eiL dropped ."'.. mitit und Norfolk &
We-fern l'. oiIim rail .hires falling
1 to l'j p..int. In the industrial
It roup Cruiible ami Slo-s Sheffield
Fhowtd extreme dei lines of about -poinK
whlih "R prmnpteii b the an
nouncement of th. di f. rnnir of the die
I iilvnd bj the director!) of the latter
conipanv Such eipiiptnentx ns ltnltluln.
Pressed Steel Cat and fSeneral Kleetrlc
i forfeited 1 to.'!' points, and the Mienr.
, tobttieo. leathei and t. tile issues trailed J
i alone at reiessi.m- ol one to two point j
1 In the stibsecpietit recovery n meateri
unit nnd In inucv Mies. all of tue Insr
' Krci'iti'i was ictrieved
LITTLE lTEREST
1 l LOCAL SHARES
I
payable in pound storiinc can
be boupht now at prices to E
return a current income of 7rr k
to IO, present rate of ex- p
change. As sterling improves $
'ncome will increase.
In (jenernl these issues ate re- p
tirablc by sinkinp; fund and p
callable at par. Present prices B
give possibilities of larger ap-
preciation in principal. B
We are in constant cable 3
communication with foreign B
markets a
H'ri'e nil Ret m n , uc'nnn.
Print?. Mcbhtr 5c QTn.l
11 MII.ISlll.II 1HH.I
1422 SO. PENN SQ.
New York, Boston. Chicago
i a.1111. KinwiiiiiMiiiru Wua ' i .ihdiiiiiihI'ii h i
S Electric Storage Battery Favor
El able Report Received With
Curious Indifference
a
fF
Interest Earned
Eleven Times Over
YIELD 9.80 'L
We offer, at 95 and Interest,
the Eight Per Cent Secured
Notes of a Company whose Net
Earnings for the Twelve Months
ending January 31, 1921, were
over eleven limes its total fixed
charges. The Gross Earnings
were $75,000,000 and there it
a Sinking Fund of 1 a month.
Upon request we shall bo
pleased to forward nn interest
ing comparison of this security
with other recent ones of simi
lar character. If you are inter
ested in making the most effi
cient investment of your funds
it will pay you to
Send For I'
Frederick Peirce
BONDS O , IMI-.vr
I'Oll OC V.O. "KNT
1121 Chrsinut urft, rhUidrlphlu
Bate tn.rjnvj u trtr'lj a maltur ol
knounnp uirro In buy your bondj
The evttiineU ct ebb of mnrkei m-,
terei ns strikingly illustrulfd in to i
ciai'M operations in the local shares in)
complete .ndiffereiiie fhown to the
splendid exhibit uf the Electric Storage
Unltcrj Compiuii in the annual report
published lifter the closing esterdnv.
This showed earnings eipial to approx-
Imiitely .';: ,i slinie on the outstanding j
stock nnd besides revealled n remark- I
able strengthening in the iompan s
finnncial tioitloti I.ess than fifty '
share, uf the -tuck changed hands dur- I
tig the enure morning and n '.j point
gain whs the ..nil respnuse from n ,
market nluation viewpoint. '
As a matter of fart there was noth-
Mtig much to the entire market l'f nn j
si.ima IkIiI around .13, but the deal
ings were mu. h Mnnller than in the
piwding ses-iuii.. indicating a tern-'
popjrj fumidetioii at least of the liqui- .
d.iting moveinetit
With the ni u on' concerning the
new pref trui s,'k 1-sue and the terms
gi.fn at ivl.n h the common shareliu.d-1
i rs inn partic iimte. trading in the.
1'hiladelphiu E'ectrie Issue fell ofT I
alo The management is hopeful that I
tli" gnatei portion of the new issue of
s.i IHKl.tllMI. of S p,.r ,,
-i . k will be subscribed for bv
i rit holders of the common simk
' mltlnl issue M per cent wii tahet
bv the Hharehiildet-s and the undri-urii -ing
sndicate evidently ere abb- to
murket the largest shaic of their allot
incur Iti ad events, the bjtne s.mmIi-
.! uiiderw ritten the new iss'.ji .
niy. 1 80 Net
Sal In i,igh i0W Xnst Ctuc.
390 .. Adams Express 00 lft .10 314
2 .. Advanco Ilumely .... 17 I04 IT 4- "a
00 .. AlMka Juneau O M.. 14 1(4 Hi ..
30 4 Allied Cliem & Dye... H OH H- X
0 Allls-Chalmers 80)4 3K 3014
00 8 Am Agrlo Chem 7W 40i 4654- f
'JO . Am Heot Sugar ns M14 14- H
'0 Am Uosch Magnoto. .. BJi MH 0H .
M0 .. Am can 18)4 W'A H- V
00 it Am Cur A Fdy 13? 131 133 !4
0 4 Am Chlclo 2tH 31K 8H- '
on 6rAm cutton Oil 30H 30)4 3014- 14
a lnn H m Hxpress 13i)4 13414 13i)4- 2'4
00 . . Am Hide & Leather . 8! S R - 14
100 4 Vm lee 0)4 S0J4 40)4 4- 54
-On . Am Intemat Corp... 41)4 W -M's ..
"00 Am locomotive 8IH 84M4- 'A
"00 .. Am Safety lUzor.... 0J & ai 14
"no . Am Ship A Com .... 8)', 7Ji
"00 4 Am Smelt & Kef 39)4 Wi 3H- i
100 fl Am Smelt Seo A. . . 8. 654 M 3
MO s Am Steel Koundrlos. . 28ft 384 38- '-4
"00 Am Sugar Itef 0 H0J4 0 - H
3300 io Am Sumatra Tob.... 7.1 73 73J4- V
00 S Am Tel A Tel lOSIf, 10J 105J4- -
0 it Am Tobacco 114H 114 114 - (4
0 u Am Tobacco B IIS 113K 1UH- H
-00 7 Am Woolen 73 7H 71), -
'00 . Am Writing Paper pf at 31 31 - 1V4
tOOtl . Anaconda Copper . .. 38)4 37 4 38fc- 'A
00 . Assets lleallzatlon ... 3 3 3
3000 n Atch Top A Santa Vo 3B 7S' 78, '
too - Atlantic Coaat Unt.. 78 78 7 - H
7030 io Atl CJulf & W I S 8. . 30, 3H 35 '4- 1M
I0 . Atlantic Pet 17 17 11 - ',
13310 t Daldwln Locomotive.. 84 MN 81- H
0n naltlmoro & Ohio 33H 33 33K4- H
4000 a Hothlehem Steel U... 54H 53)4 83J4 - '-
100 .. Hooth Fislieriea 4K 4H 4H !
300 .. Brklyn Rapid Tnvnslt 13 13)4 13)4- H
300 llrkln It Tetfuof dep 7'A 7), TA
100 io Hums Dros 87 S7 8? - 1
300 . Hutte Copper & Zinc. . 4)4 4h 4 '4- '
10" . Butte & Superior Cop 11H 1IH HH- !4
too .. uutterlck 17 17!4 17',- J4
1500 (Taddo Central O & It 17)4 t"'9 17 H
IIDO ti California Packing .. mi 53)4 .14,- )4
1300 . California Petroleum . 45)4 -3)4 -5V4A t'4
700 - California Potrol pf... 7S 7H 73 l 1
100 3 Cnl Zlno & Lead 5 5
100 y Calumet A Arizona . 48 48 48 f 3)4
300 io Canadian Pacific .. .111)4 HI1 tll, ' H
1500 . Central Leather ... 33)4 33, 33)4- H
300 ; Central Leather pf... 60& 0 r ?1
100 s Cerrode Pnsco 37 37 "17 - )s
500 to Chandler Motora .. . 78!, 77 78 - 1)4
300 . Cht A R 111 lUi T otfa 1 I I )4
3100 . CM A C 111 pf ctfa... 1)4 U V-
00 .. fnlenso A Ot West pf 15J4 1?, Us- '
100 .. Chicago Mil A St P ..31 34 ' 'i
SOU . Chicago Mil A St. P pf 38 V, 3i', 30)4 '.
40" s Chicago Northwestern Bl!4 01 01- )4
00 . Chl R I A Pao 35 31ft 35 - '4
300 7 "ht R I A Pac 7 pf 70)4 70)4 70)'j- '.
1100 Chile Copper 11)4 m?s H'4 V
800 . Chlno Copper ... 33 2tJ, 33 i
300 . Coca-Cola . . 38!' 30 3B j
100 n Columb Oaa & Elcc . 59)4 59). 50',
400 Col Grophophono ... ; C'i - 's I
00 Continental Candy . IU t'4 1'4- ''el
300? so Consolidated DIh llio. . 7', 71 7'4- Ij
100 Consolldatod Can . . 84 S, 84 K
1000 Corn I'roducta Rof . 71 & 7lVe 71 '4 - 'j
3.70 J 30 Cosden A Co 37)4 37'. 37!4- j
ri00 h Crucible Steel 83 s0 Ml, i .
100 - Crucible Steel pf ... 84'i 84' St4- 's !
100 Cuban Cane Hunai . . . JO 30 30 J,
3000 o Delaware A Hudson . 03 30 93 - 3',
300 Dencr & R!o Gr pf . . lis 1). IH - '
3s0C l Lomo Mines 18H 18' 18'4- 's
10 i B.ustmnn Kodak 073 C73 07.3 - 3 i
ItOO s Kndlcott.Johnson .... 61)4 01 ill - I,
too . Erie III. HH lift i
300 Uric M pf .... It )4 1114 11'. 4 ' I
1000 h Famous Playct a L ... 71'4 09)4 71'
300 s l'-Rtnous I'lavera I. pf. 80i 6?4 804 )4
100 Fisl; Rubber . . . 1514 15'4 1)4 '4
300 Kreeport Texaa 15 15 15
300 . Gaston Wma A Wig.. 1). 1), l'4- 14
ltono General Asphalt . .. C0'4 58'4 04 , 1
400 H General Cigar .... 40 50 58 - I !s
1400 B General KIcctric . . .t34? 13Jft 134 - !,
11400 1 General Motors . t3)( 13ft 13
100 Gen Motors dob 6 . I3J4 67)4 CJ(4
100 11 Goodrich B F . . . 3S)i 3S)4 3S'a-i- '-2
700 : Goodrich B F pf ... 75 7J 75
5310 7 Great Northern pf. 87 Si C6'4 87 ft- ft
3V 4 Great North Oro ctfa. 39 39 29 , ft
100 Greene Cananea Cop . 33H 33K 334 ..
700 Gulf State Steel 29'2 39 39 1
300 4 Haskell & Barker Car. 551-2 ' 45ft H
3000 Hendeo ctfs 33 10!;, 30)4 1 W
,700 Houston Oil 7fll4 70)i 7!4 14
200 1 Hupp Motor Car .. 14ft 14H 14ft
00 00 Indian Refining . . ft OH Oft
700 uo lndlnhorna Ref 'i 5', 5i ),
300 .. Inter Con Corp pf. .. 13ft 12'i 12ft- ft
1000 7 Int Hnrvester new .. 87)4 hOft fcflft- l
100 Int Mer Marine . 13ft 13ft 1.1ft
Iflii 0 Int Mer Marine pf . 40'4 49ft 40), - 4 ,
OtlO luternni Motortruck . 31 15 34 :lt - H
ion .. international Nickel., lift 1474 Mft- H
0a International Paper .. 01W 80
inn 0 inter Paper pf stpd. . 73ft 77)4 73)44 '4
8500 Invincible Oil Corp. .204 10H 2DH I- I
:noo Uiand Oil 4ft 4'4 4H ..
100 K.insaH City Southern 21) 34ft 34ft ?,
ain Kullv-SprlnBfl'!l Tlr 43ft 40'4 0)4 - ft
TJIVi
Ble In f ltijh
400 ,. Kennecott Copper ... I9'
B4300 .. Keystone T & R 1514
180(1 a LacKawnnna Steel ... 48
I 200 . . i,a0 Er0 & WMt pf , 20
100 2 Leo Rubber Tiro 35 X
800 3 . so ;Lehlgh Valley 48ft
J 1300 a Loowo Co 10
100 1 Loft Candy 10
I0O .. Loone-Wllea Biscuit .. 35
7 Loulovlllo A Nashville 97
7 Manhattan Clev guar. 40)4
. . Miut Mot 2d pf ctfs. . . 3K
8 May Dept Stores 81 H
13 Mexican Potroloum ..ISSJb
3 Miami Conner 10M
1500 t.60 Middle Slntca Corp... 13ft
i' 9 aitavalo Steel A Ord 3814
.. Missouri Paclflo 17
. Missouri PacIRo pf... 38ft
7 National Biscuit . ...114
7 National Biscuit pf...tl
. . Nat R R of Mex Id pf 4 ft
. . Nev Con Copper lift
8 N O Tex & Mox 84
10 New York Atr Brake. . 73
S New York Central...
100
100
100
4000
14300
600
500
500
7H0
100
too
300
ton
700
1700
300 2 bo New York Dock.
1300
100
700
nion
950
100
1700
100
3500
18011
409
4100
. too
700
300
1100
800
3000
390
100
300
100
390
100
100
5100
son
200
200
400
.; noo
300
a 8000
1800 ;
300
1400
ion
20 n
600
3800
700
200
100
.no
2700
4100
800
400
100
100
9011
21100
4110
IOj
too
2300
200
1700
1100
4350O
100
200
2 .",10
ton
100
2on
coo
3)0
1030
3100
5800
200
ton
moo
200
800
a an
am
100
200
200
1400
200
too
1 2011
600
1110
2 ion
100
I4C0
moo
7ft
37)4
18 ft
17
03
70
a 4
New York N IU II
1 New York Ont & w
7 Norfolk & Western.
7 Northern Puclflo . .
.40 Okla Prod & Rcf. ..
. Otis Steel 13ft
3 Owens Bottling Mach. 53 H
0 Paclflo Gas A Klec... 48
. Paclflo Oil 36ft
fl Pan-Amer Petrol .... 08ft
fl Tan-Amcr B 81
3 Pennsylvania R n.... 33
.. Pcnn Seaboard Steel. . 10ft
.. Peoples Gas Chicago.. 43ft
.. Peru Marquctto ...... 17ft
3 Philadelphia Co 31ft
. . Phillips Pet 28
. . Plerce-Arrow Motor . 32ft
. . Pierce. Oil 10)4
Pittsburgh A W Va... 34ft
A Pitts Coal 8ft
fl Pitts Coal pf 86
1 Pond Crecic Coal. ... 14ft
7 Pressed Steel Car pf . . 87 H
4 Pub Herv Corp of N J 87
s Pullman 101 ft
3 Punta Alegro Sugar.. 43ft
4 Puro Oil 33?i
8 Railway Steel Spring 87J4
. Ray Con Copper 12H
4 Rending 87 ft
3 Reading 1st pf . .. 41 ft
A Republic Iron A Steel. 60'
30 Royal Dutch NY.... 81
1 St. Joseph Lead 121,
.. St Louts San Fran... 20JS
.. St L A Southwest..,. 28ft
.. St Loula Southwest pf 35ft
.. Saxon Motor 4i
.. Sears-Roebuck 70)4
.. Seneca. Cop Corp 15H
Shattuck Arizona Corp 5H
74 Sholl Transport . ... 40
.. Sinclair Oil 33ft
fl Sloss-Slieff 39
0 Southern Pacific .. .. 73ft
. Southern Rail 10?4
6 Standard Oil of N J 140
7 Standard Oil of N J ptlOSft
7 Stern Bros pf
Stromberg Carb
7 Studebaker
t Submarine Boat Corp.
11 Superior Steel
Tenn Cop A Chctn . .
3 Texus Co
Texan Co rts
I Texas A Pac C A O. .
0 Tobacco Products . . . .
. Trans Con Oil
3 Twin City R T
. . Union Oil
10 Union Pacific
8 United l-'rult
. . United Rwy lnst . .
United Rwj Invest pi.
S United Retail Stores..
U S Food ProductH...
8 U S Ind Alcohol
. U S Realty A Imp . .
H U S Rubber
8 U S Rubber tut pf.
. U S Smelt & Rcf
ft U S Stutl
7 U S Steel pf
t Utah Copper
Utah Sec
Vntindlum Corp
Vu-Cnrollna Chem
Wabash
Welln Fargo Rxpiess
Western Maryland . ,
West Maryland 2d pf.
Western Pacific . . . .
7 Western Union Tel
I WeMlnnhousc K A 51.
Wheeling ALU... .
Wheeling ALE pf . .
1 White Motor
. While Oil Corp
Willya-Overland ... .
109ft
35
77
7ft
413,
7's
lift
2
37 H
48
ll'c
4J)4
20
111ft
104
m ft
32 ft
40ft
21 '-,
66
41 ",
73 ft
101ft
30 ft
80ft
100ft
40?,
10ft
'184,
20ft
's
5 s
"ft
164
34ft
01ft
46
8ft
tft
30
16
K
1-otv
19
18(4
17J4
20
34 (
48
18H
to
35
97
'
88
136)4
19H
13
36
11
30
113
115
4ft
II
64
73ft
07 ft
37(4
16
17
03 W
69
3)4
13ft
48
48
35 ft
7ft
604
33
10 ft
43
17)4
31ft
35
31 H
10ft
24 ft
58ft
88
14
87 ft
117
103ft
434
33 ft
87 ft
13ft
67
41
48'4
60
12
20
38 1,2
35ft
ia4
74 ft
15 ft
4'i
40
33',
as
7 2 )4
t9ft
149
10-ift
100ft
31',,
75 ft
7',
434
7ft
41
I ft
,'n4
tJft
HI'.
47ft
.'0
114
104
I ft I.
33 ft
4Sft
,0 ft
05 ft
50
73 1 4
1 01 ft
30 ft
70
109ft
50
10 ft
38
29),
7 ft
5;34
"ft
10 '4
21ft
0(,
10 ft
8 ft
14?,
30
14 ft
74
1 30
Last
It -
14ft
48 J
30
-19
-10
-34
9J -40)4-
3H-
9IH-1
13SH 1
19ft-
13 -
38 ft
17 -
36 -
114
115 -
4ft
ll!4-r
64
73)4 -67)4
37 ft
18
17
93 ft
69 M -4
48ft -48
30), -68)4
81 i
33
10ft -43
-I7ft-
31 ft -26
-32
10ft r
14)4 '
87ft -87
-
I034
42M -33
ft
-67
-II
SHI
Um rrfl Kh tW -, ,-
. J I 1 1 I 1 A I mi 1 I I 1Km
Net
Clige
14
ft'
1)4
ft
H
ft
ft
1
3
J4
14
3H
)'.
14!
TO
CURB TRADING
Tropical Potroloum Stocks Con-
tor of Intorost Southern
Coal at Now High
New York. April M. There were
ninny strong fentures In the trndlng on
the llrood Street Curb today, that mar
ket noting entirely Independent of the
trading on the New York Stock Ex
chnnge, nnd demonstrated ngnln the
strength of Its position ns a cash mnr
kei, not Influenced by money stringency
or by contrnction of bnnking accom
modation. llethlehcm Motors, in which dealings
ere suspended on the New York Stock
Exclinnge because of the discontinuance
of the transfer office in this city, was
traded in on the curb mid made n mod -crnte
decline from jestcrdny's llnnl price
on the bonrd.
Tho tropical petroleum stocks weie
active nnd strong and wetc the chief
feature of the trndlng. Carib Syndi
cate moved up to the highest price
touched for some time. Marncatbo again
tntiged around LM) nnd there wns 11 tie
iiuind for monv other Issues in this
group, (luftcy Gillespie wns In Htipply,
however, rouging from l.'l'4 to 2j.
There wns a modernte amount of busi
ness in International Petroleum nt H1"
to l-l'li. .Slmtns Petroleum sold ut "T
to 8.
Arkansas Nntuinl Ons continued its
strength of the Inst few weeks, ranging
nbove III. Standard Oil of Indlnnn wns
one of tho strong fentures, selling nt
70ai nnd 7014. Southern Coal nnd
Iron was the feature uf the Industrial
? I group, moving up to the new high recoid
14 1 of 10. It wns said thnl this advance
ft . was the result of the stock being henvil
H I oversold.
' Diirnut .Motors wns netive mid
istiong und mhved up to 21nl. I'olcun-
- iS 1 hln T.'mnrril.l inu nlintlwu. ulpimi- lusllit
a.?,A r ' ,4 I advancing to L'-'ft. N'oitli Amerlcnn
, 1 1'uip. utter its uciMiuce jesteruny. re
,! acted to '13- nnd then rallied to Dj.
C'hicngo nnd Eastern Illinois common
sold at lii1".
1,
tft
3
5ft
(4
ft
ft
14
'4
.ft
ft
ft
3;
ft
ft
-4
ft
n
u
ft
ft
ft
-
V.
3ft
ft
14
13ft
20 "4
20 ft
35 ft -
l4
75ft
15ft-
4ft
40
23)4 ,
104-
14
lOSft -
intrn
3"i
76ft-74-
414 -
7ft
41ft
2 '
7J4
47 ft-
114 '
13ft -20
f
114ft
101
2t ft -CO
51
73
101ft
,10 ft
70ft-
100ft
50 ft-
lllft
28 a, .
30Ji-
7ft
5S !-
)j-lllft-31ft-90),
40ft-
8ft
HH-i
30
m'.i
8
ft
14
2ft
ft
H
'a
is
lft
H
ft
H
4
4
2
ft
ft
14
.
M
II 15
Acm.i c'odl .
Ilnltl Motor
Car Usht
ColumMn i:mrnlil
Durum Motors
Clarlanct S 8
c ft K
North Atner I'Mtier
Perfection Tire
Hnttlo Com . .
Htiillii Com pief
Southern C ft 1
V H Ship
I' S steam
Untied 1'rofll Sharinu
sTAM.nil OILS
Arrxlo-Amr Oil IB
Stand oil uf Ind To
iniii;i'i:nik.n r oils
Ample
Facilities
to meet our depositors
needs in a banking way,
are among the many
advantages we have to
offer our clients.
We particularly solicit
commercial accounts.
Integrity
Trust Company
Fourth and Green Streets
Copfcn $500,000
Surplus and Profit . . .$1,760,000
Free ol Pennsylvania State Tax
Crew Levick Co.
First Mortgage Sinking Fund
6re llond.
Tho Company owns ptotluulng
wells In Pennsylvania. Ohio und
Oklahoma, two Refineries; n com
pounding plant, and export sta
tion at Petty Island, Philadelphia:
1H7 tank stations; 23!) tank cars
and 237 miles of plpo line
Earnings' .1', times interest
charges
Price at market
yielding about 7.80
Descriptive circular upon
request
Hollistcr, White & Co.
Incorporated
North American Bldg.. Phila.
IIHM'O.V MV MIUK
.
IliKh I.OS H m P, mmm
IS 1ft IS "" "
ijij P4 sjj &.'.-fSfi&
in;, iai, ins I -l-ajp-" -"'.'."Ty
in us in I an kmm, la I" 25
is is is vnH nSf I 5 7J Is
li 'JIB v H
Atiicsi on 10
Arknn.nii Natural dai. I.'lft
Uoone oil . IS
Ho. ton Womtn )l
Carlh Snd 7S
lollies fcrnce U 1 if" "s
Iiennv oil . . S
Elk lln.ln li . x
KnslaC'eiB Potrol . . IS
Federal Oil . IS
(llenrock Oil IS
Ouffej (llll.spt 13S
llmlnun oil .'m
Int Petrol . US
Marncalbo Oil U'U
Mountain Product. I.
Noblo TiV
orrrnr Oil ,
I'HKltticrs A 1 c c f 1 1 1 . t 4S
lted Hock Oil IS
Suit Creek new . 1.1ft
HlmmH Pet . . h
Skelly Oil . . 5S
Texot.- . "
fn Texn. Oil .
t'nltcid UihUs :s
Victoria Oil new S
MIMNf.
in
S
SS
is'
lift'
.-.J
J1I
ms
.'.';
'
r.s
in
S
is'
IS
t:t
'A
II",
29
101.
;"
MS 1
s
INDIVIDUALS OWNING
lionds which ninturc within
the next few years should,
we believe, convert their
holdings into long - term
securities unless there is a
specific use for their funds
ut the time of maturity.
HV ii7 .vibml .rc7,c7Cffni
for liii'c'jrnii'nt oil rec;uul.
BATTLES & CO.
J.'staMlshrd ll
Indeocndrnre Sauure (EaM)
)ltatrMv'mKSSUii
RENT
THIS BUILDING
rAnTicoi.nr.Y ADArir.n rort
Banking & Brokerage House
1522 Walnut St.
22xl3G
Latest Improvements Ihroushout.
IV HI lease either first or second floor
or entlro bulldlnsr. '
1'iirtlirr Information Anplr to
Heymann & Bro.
Widcncr Bldg.
ll'c Offer
Grand Rapids & Ind. Ry.
2nd 4s 1936
73 and Interest
Yield 6.90
Newark Pass. Ry.5s 1930
73 and Interest
Yield 9.50 st
Phila. Suburb. Gas &
Elect. 5s 1960
72 and interest
Yield 7.10
MOORE. LEONARD
& LYNCH
( iifclimnn Xtnrhall. Mrr
Itnnd Drpuiinifnt
1129 Walnut Street
Hoard Itooni
Kitz-Carlton Hotel
.1rinbrr.i .Vrtu VoW.' I'httaitlrphia it
I'lttiiburpti Stork Hxchangcs
Hi
4
Commodity Markets
LOCAL MINING STOCKS
TO.NOPAII f'lVi-K
MONEY LENDING RATES
; VOKh Mone 01 cil! 1, h .
. . '. t A ' ..pent'd ti.llrf 1
iik 11 ri.j renewinn
COTTON MARKET
New Virh. April 1-1. Considering
the lienrifh nature of Liverpool cable
und the ISuKlfli -tnke newti this morn
inc. the intton market opened very
steadi . iv itli iiiies only 1 to S poiuts
net lower, due chiefly to support from
Wall htieet and trade internet. The
selling (i uRdln mostly from the
nt prefeitedlPouth. aumusi jesterdny's larfc-o bpot 1 l11,;,1ch,"rurK'"",u"
he ' unli 1 KrouKti n.Ud-
i "' ' . , ,,. , Olil.to Kstor.mn
in u'h ... ii niw heme cif At .Im.i ii.vi.1m r-i.n
i,ni,.u . ..iisuiik.,1 m .March were rattier '" iuena
bearish, thej had little effect on the
market here, .vhieh. ut the end of the.
tirst tifteen mlnutio. wus stendy at u
net I'js of uhout ill points.
Ui.eipt, of cotton at the porta foi
lie dnv were e.itlnv.itef at 18,00) bnleh,
iii'inn-t n.M- bae n ieek hro, 18. ."01
hale .1 vor
a',"
Mel
11;.
I
r:
Call llo
tim nii'ler
Mrtt Nnmitra
C'rffccunt . en
Midway . . . . 1"
.Mlrtmh l.xton.ion . ."'
Morituiiii D'
North Htar . .
llercue KuU
Tcirmpih i;xti.iis1in
We.t Knd
Weil Tonopah
LilVlhU STOCKS
Allied Pl Id
Alto Dlilde
llelihcr
vl.
ml
in
ITi
.11
.Hi
.0 1
us
Philadelphia Stock
Iti-ch I m . tn
Alii liisiii' 17 IT IT
-in Am sti . ."ii :,:, ,,:i
::." Kiii'Stof.itri'.j mr.i, ni,-,i.
1
iiu.1
.isn and ll.tKn hale two
1 Per '-1
php.T H .
t
qui.
I IIII.MIKI.I'IIIA 1
r em rommen
n. inch. 11 tir e.-nt
s.'o t- The,., .r mer ,y ii.m.t.Ai
, c f: . mo ii..i' rai. r ir.Twr..-l ii c,. sl.it)
f I'ennii'lVAIiia 'uslric IUb.1 H jr ,ent
1 IJlu premium and ..mu Unor. tim monos
1 (or thirty to nine !, . i.mt.,,1 , k t0
1 SS piir r'ni Wi. crrnifri'ii,' )trt-r fr-.m
ithity 10 nine'! d i .unned . k to S
per 'cni
veal-
,
I 1
Ci. '.
Lie 1
J..i j
M..-
I'revlous 1J 30
Close Oten p m.
. 12 11 11 till II -
i;m iv til lit Hs
13 IT IS 13 12 I'O
IS M III f.l 13 3S
-.a iit 1.1 ns
IS ST 13 VI
i.o.n no.s i ,.
e'ii blFt O'jni u
'.rf. O ree mMili.
,e',.l
re.-
II. i)S
I.
pr
New York Bank Merger Denied
GRAIN MARKET
( hic.iKO. Apul 11. SellinB In a
pic.imnciii enteni house unci urown,
ir!Miiro''ec; t he ailing for 11 local elevn
'"it..i it n rl mused fuither lo.sses in
In-. 1 t..i- ttiuiiiine NntnermiH leporls
m.i, n.ened frcim the tram neu com
planunir nbo'.t njht money nnd stilting
ti.ut this nn fpcitisiblo for henvy of
feniiK' bv forme 1 The labor situation
n I.ngland c-ontinueu to eivri 11 ur-
lr
BAMlKJtsj
Dealers in
investment Securities
Uen.Dert htw York unit PhWdtlsMa
btvck chinofj
321 Chestnut St., Philadelphia
j N.h lork x-rll II On nn w MiOnrrnr.
I uri'.M.pi ut il. Mf-hnnlc l .d MMiil. V.
ten. 11 . ,, n . hnt hi. In.tn itw.n ii. tn
... Ti'lt 'I ".'I, !. V.tir,'., i'' p,.. ,.
I Hint John I II us. K-e pri id-i.t f tn
"leihni'c. o-it M. 'n . Nfctiuiwl rim k 1. to
iit 1-. pr.4ici.ni i.' ths N'dllorial c.iv Iinna
A temni iki. I ti Mr .McKJ.rrkh ....
ii. I'".' .ptieinnff ir ini.inirn nv .. "" ' - r. f , , . ktnrtecl ut.
. - r . 1 tt. 11 ..1 . .n, ,,. , .. .1.. iiiii HnffL'cd tn SI -1'S .IUI.V biurnu 111
.1.1 - ..'i m. ' imiiK ..rii. 're .Ni.Mr.nj.
$1 "21 10 S1.S2W.
nt tue :thi yrflifniuy,
'! In iUlll.
' Mir, 1 u 1 ur.ti mttla u 1 or tht r..
Hjilli 1 riror ir-N ''lit Of tH N,
"i i t i'i (Jnr.k Hbifitj'y ur.tr'jf '
No Change In Raw Sugar
n-u ork d' Ii
r rl I
sJS
" T ' ' in; mar.
r r u - l J -' m I 1 Ik j ,., hdiiK'l
nl 1 1 v, n,- stif 1 1 , I'ur.an ..UK.'
. rfn'ji nit nmI ft Khi 14 j,i 1 f 77
lutv pkul tlir rn hi h nf 1 40')
rfnr riinnu'8 fur rHr'v th!t,rT. ti r it
v 'if i" ii .ii r r"r- .vhiist
corarni Hnutri"! 10 (him b.itf. lVrutnn
iflc it at 41!. '' ' Imji-jf ,ti ,n ft i .
- kipj '; ' nu r aF-j t'uu.td r n
Att t r' Uro rj, )f,rn rtfirifij
,1. r iDffd
i
LIBERTY BOKDS
Douuht .ma said far rash
at Stock Ex hange Pr..es
ISAAC STARR, Jr. & GO.
10th & Sansoni tj . Phlla
Sit mow I'h i -co. Ft -hnni1
and v 1' (. i" I r hni i
HERE IS AN OPPORTUNITY i
To ecuni ti r n
man ah Sn 1i- Mirii,ii
Heprcieniftth Aw 'M
turB' nclltntf ai i ,
iwrlunrn In nivurt.i a
ptcllty ltn Avaiinf
i huh k a I
i l.tl ,t x
'1 It -"I,.! 1J
iiii;ir J
"(int ii' aid
Mm la
Bank of England Statement
IsickIoii, prit M - 'I hi. e..i ii.ieni.nl
.f t' II. nit cf i:nni.. ml ho. th tollowinf
.i.uiici". Total ri'er. inirfl..rj tens hc,o
' i1 r ilvi.i... liT.iiiin b.jlin.n il.
..- 1120 cither e urille. ilerrei.er ill.
t 1 li i . 'her delimit, ilecr.ftseij (IOO.T.OCiO
. ,1 rfi.iti. In le .il (a ITtlCiOO r.oles
r.'n r . i. r. .!". 1 (H"iiini(i .irrtnni
tir tie. If ii.rt,i..l CM 'mo The prorirtrtirn
f 'le bank . re.er -t co lluSil iv (lit. e-It
i. IH7S r r '.nt 1-1 e nt. 11,7
ll f il - luni 7 1 . el.'
Trench Bank Statement
I'url. Apri. M The wi-eku telcnini
1 'hu p.rik "t Vthw .how. the i.llo liirf
limine, tlold in te.ri1 Incr.n.o.l ain.ono
T.uii'. .l''r in haieJ lm ren.eU 'J 31 J CI OO.
note, in cirrul illor leireo.nl lln 7JC1 000
ce.tury ilepn.it. c)..iirinn.J 37 2TT 000 ,. .p
. mI dfpo.tl. i)crane. M.S.Bnni. h.li.
rtlwounlecl durrea.eil 807 O0c nd .d aiees
decrteJ 31 305 0UO
' tire-sine elfei t
j Mnv opened
acalnst .$1 'll:
omi. .,, i tau,. nealtiHt SI .07V
at tli I'lo-- lesterdnv. and inter sold
.it SI titl', , . ,
i urn unc under pressure mini job
Int h.'ldirs, nnd the mnrket wan eaKicr.
Msn opened n .Vie to MhJc, agalnbt
rj,)., at the 'lose levterday, und Inter
mid 'it !mV i'iiIj Btnrted at Wie to
."sii,.. ngnuis ."SThc- nt the end jester
clni" September opened unt'liunged ni
(!P,i und Intei sold nt (H'i'-
l.ici'iidnt.nii MOR continued in oats
which lost further Ground
In up "nee! at M.V to 31"sc, nsninsi
.'l.'i'ai'nt the rloie yeatc-rclny .Inly w.iu
iiuoted ut afiisje to :i(l'4e nt the outset,
muitist 3l),c at the end eterduy.
Septeiubor opetud nt 37r;i"-- t .i7lf.c,
nRiilnst 7"i' fit the dose esterdaj.
ami liter seed nl 37V6o.
Sl06s-Shetfleld Defers Dividend
t:a.t DisM
lUrmlll UaBbruucl. Iiimiii .
lllKh Divide
Knoi .
llevert tin Me
Itino Dlvl.le
flo.ettiv
Siller Klr
Huthnrlanil
Tonutiih Imiii"
Tenopiih Itu.btcjiiru
Mrton niiiiin
Vtrde HI' Mu
Zone.
OOI.liFir3M .STOCKS
Hooth ... i
c;ornbir.u tot. I'i . tlwi
( rackerj.i k
HIHinondtlilcl H II .
rioienc.
Ooliltlcld Cm
Onld IJeicioi rn.i.t .
Ooldrii'lil Uo-i
(ireut ll.nl
Jumbo Kxten.i'.n
iiv.iiihi.
M.I ".I
.1.-. 17
I I .".
fit II 3.'
10 I.'
S
.1)1 HJ
..' il I
.in hi
.03 ill
no t ill
ii n
.33 I'i
Mi 111
OA ml
..' Ill
.11 13
L'l (ill Asph. .-3K
I M'ci N A 'J!l
Z l.eh Nnv. til"..
!'MI I'n H It.. WW
lim I'hllti Co
I'lim nf.. .'51!' ,
111 l'hlhi Kin
111 do pref .
I'i'i PhilnUT
ii l'iillnTnic
liriTiiiin Ilel.
HO fn True.
-II I" t.' I. .
HP.
:,-
L'!l
lit' .
uTi;
jii
it';
AluMl.. nr c olumlila
Atlanta
111? Led.e
llnoth
Iln.ton A Montana
falcilonU .Mlnliii;
Candelarln .Mlnlnir
i "ones SIHnr
c're.Hqn Onld
Crescent MaiN.inat.i
Eureka I'rue.UB
Kuri'ku Holly
eioM c'ona
(!..l(l l)i-el
llnlilllelll rimrlice
z Hold Kcuana,
i Ucilil Sllier lkk
Cinld .line
- lillMll ll"t.l
Heelii Mltilllir
Iron llliiaeoiu
(umbo Kxten.lon
Knox Iilvlde
M.irNumKni
i Manilla Copper
. Mar.h Mlnlmr
I Mnthtr lnle
.lllllhlT I.OUH new
Murrav .Mck
NHllotiul Tin
Nlple.lnir
North Star
ciphlr Silver
Prince Con
Ilex Con
Itorhe.tcr .Mine.
I San Toy
' ..M. till
3 3 .1
n. i, i nr,
10 II in
17 17 17
73 7 73
I'i. 1,. V.
11! II 1.'
Ill I s;i
j A j.. 1,
i i t
3v; Ml 31
ii ' ii it
17 17 17
,3 1, ."i,
l I :. t -i
i ii ii
17 1 ii 17
11 ' I II
lH'j III 5 llll.
111 111 111
1 I 13 1.1
I'. I'. '.
.HI
111
03
.0
.ol
.!';
I'.
.01
.03
OS
01
HI
ol
HI
o.'
.01
1 ,'
111
III
111
IT
cfi .Ml
UCiij
.31 .3.1
t, II
.Ot II.'
.Ill',
"J III
Lone yiar
oro
Ui-1 lilll.
hll.er Pick
fjpearheiU
Amiidr .
Ailzona I n'leci
l. alrdoiiia
IMcn
IZmrn.1 Si.i
T.urekn I'ruefo.
ICureki, llci.lv
H'ela
.Mother I.U-L
Noaili Mil'
S'ei.n.a Honlei
Huci.es.
flL'C.Up4
Whit '
Mllb' it
l.n
M I In
.p.
14
MIS(.'i:i,I.ANhblH
. . I 10
1)
lo
II.
HI
. .071'
31:
. . i'-i
ol
I I
o."
Oil
'III
tl
W
-II
171'.
ii.' ,ij
.11 .".P..
.".:i',S. .ii-p;
riiu.i)i:i,iiin iiomis
110(1 Libert '.'d 'l',s
.'000 I.ibeitv .Id l4
UtMlO l.iherti :id 4',s . . . .
L'Olltl I.lhertv 1th -i,b . .
10(10 Liberty -ItJi l',s
JlOIrO VirloM 3,
L'OOII Victory 4-3, s
KXHl Italdwiii I iiiiiuioi. lt ;
(100 Hell Telepliiine Ts
1000 Hell Telenhouo Ts .
L'000 Philadelphia VM . I.t 5
1000 IMillnilelpliiii i:ii.i- Ni .',.
.0(hl 1'iiited Itnllwn.is Tis. . .
L'OliO ruited ItiuhMijs :,
L'l '
-ii
i7's
I 'J
I r
:;P.
Mltrr Hill. Ne
SIlM-r KIllK Dlllil
Stmid Siller l.i ml
Sueci... .Mll.'lns'
3'enoiiah Helmont
Tonepnh ChiIi lien
Tonopah Olvlile
Tonopah i:trnsloii
I'onop.ih'JIni lluiler
r.inopan .iunwii
1 Tonopah MlnlliE
i Tonopah Mlztuili
ITonopnh Monliiiiic
siT rill' Tonopah Ilesiue i;ul
mi -ii , L " c ont
."I. I"' I'nlted i:.i.ii-rie
'.III. i'J Victory
ST (U l 'e.t Knd Con
. i ;!,., While Cup.
si .'"'iwiibcrt
i ..iS IIIIMI
lil
ij
I
r.
i
ii
i
3 ,
.1
l
il
I'..
1",
is
r.
n
hi
1
1'.
;i
P.
I'i
III
'lis
07 ill
Sl8
io:;s
in:!'.,
:!'
UT'.'.
07
.'0
"3
111
ni V
llll
,l llll
I J
. I
BANK CLEARINGS
nnx.
l- I.
Innra toilnv r. mnarnil
. .. . r " ' ---...---.
rc.liuii.lili. ill' l.vt two venr.
I0J1 11120
1'h.lB ltlT X4N B1.! m0.8'.'H.ISI !7niis'l',l
llo.tnr 1.1 7M.01 7(1,038. BUI AI3:.V13b
N :.7U T'J T6 02i).74H.3il2 IllNi "irol ,-,i
h
M I II
United States Treasury Certificates
lilt VI iturln.
1U date
ri.
t3'
T'tl
Vv
11
i-ll
i i'i
I I'll
'
Mj, in I0J I
Ijn. If, mil
Jun. I.'. 191
Juiv in iti.'i
Auk lo 11.21
Sept 1" 10'Jl
Spl l.'i ill J I
"' l 1.1 1UJI
tl'l II lll'JI
March II 10J1
..-,. ...! 1. PnlluwlC. th.l
... l....-..' ,..i ,,rti Iron Co director' i onl
" ... . . -. ... .. u tftlArl thnl lh,i
E!",i n.rii.r careful conoia.ratlon lo ' on .In. l inaturliv
O,. nue.Uon nf deolarin i dividend on the
.-nm..n .ice k A. result of this dr.lher.
.lion t ' decided to nial.e no dicluriitlon
ai n.e preeenl Urn. IJIioctors wero re
olecled
Hid
100
101
100,
100
100 V.
1011
I on,',
inn,,
loriif
loo
nked Yield
100,', t no
llll'. I llll
tdo.v i no
100 S.3J .1 in
IIHi'. .' .".
Hill 3.3.' .. vii
i iiii, :. -.ii
I on a :. .ir.
Imi-s. :. in
100 3 3J ', 1.0
mu
Exempt fnmi i.nrrr.al (ideral nuonn
ln".p'HliiH for mylnent of income tj lu
NEW YORK COFFEE MARKET
New York, Apnl I 1 -Tin ,.i
cofTie future mnrkei liulnl i,, i i-eitrif I
this niornlng to the fnirl.i gnmj ,n.
7-.il ii) ii rubles, with both the Kin nnd
Santos tenn iniuket lusher, nnd on
the call prices woilied I tu 7 points
lower, more attintion pnsililj huvini,'
been paid to the decline in Kiu cxchuncc
mill to the full receipts
Member of the Nev. VmK CniTee
and Sugnr Kxchiiuge -will vote hj hal
lot today on the proposition to trade
in ri'liiied Hllgur future's. It the lote
Ih favorable, triidiiic will start on Mini-
ilai .ila.i
A mu rl il. S'.'
Alilll Tel iia ' U
Arn lib 7. "M
Vrcu'onda Hi
Antic cndit 7k '.".i
Irn'oilr 7.
1 eth Steel 7" '3
lleth Hteel 7s "J3
Chl K.nt III. :
Copre-r Kxh)lt S. '.'Il
i upp. r i '.Xpert H. J1
i'i pp. i S'.xisjrt s 'ji
..r.mk !' ml. U1-
'iulf o I 7.
Helm Co 7.
Iiuml.ii till 7.
Nat il .iik H.
Packard Motm S" I
S'litS'ltecliuck 7 -1
.Siuihwi.i ' H ""
Ho N V 7 'il
So N V 7. 'J7
So V V 7n J
s , N V 7. ".i'i
.so N V 7. Ml
swift 7.
ncuuiii
Wist l.l-c 7l
1
V.
lel.l
llill'a
Ml',
US,
l-l
HI',
US',
111',
ll'.l,
I'll,
ll'l'j
HV,
1'7'.
. us
'.7',
t'l'v
Pl't
ill'"-
'Ill's
mm
llll'l
llll ,
111.'
mi
. nn .
Inns,
'I'i'k
nils,
mo'.
Ii''
tuiiy
H-i'j
IIS
Ii7
!U
lllll
H1I-.
it, Sj
1111';
1"1 ,
!!!'."'
!o"i
in.,
inn
H'
II
i
3
I
I.
il
I'.
!"
17
I'.
s
II
I'I
!'7 i
inlS
I cci'
stl'i
It I -J
I'll.
l-l
ns'.
up.
SUl'l
nn'j
ii'i'h
n.-i'i
'17'.
II
'7',
'I'i
mo
nn.
.in; i
iui
mi ,
in.'
nn
in,',
mo
nn ',
To Net
GL
Maturities 1922-28
Serial 71 Gold Notes of u
pulp nnd paper company whose
output for 10 years is sold on
an assured profit basis. No
bonds, notes followed by divi
dend payinc preferred and
common stock.
EaiTiinRs for 1021 should show
note interest 6U times earned.
Sencf for circular D-48
, Baker, Ayling Sc Young
JiJSO'Il W. SWAIN, Jr.. Mnnnier
I Land Titla Bldr.
Boston
L.
Philadelphia
Tax Free
in Pennsylvania
First Mortgage Bonds
Crew Levick Company
To Yield 7.80
Karninns yr. ending Dec. 31, '20
AW $813,811.11
Interest Cltarncs $21736.1)0
jAagKie 3 Co.
MemUent DilU. Slock Kirhuntr
Real Estate Trust Bldg., Phils.
Walnut 43110 Race 21M3
w jp 1
lie Offer
Municipals to
yield from
5.25', to (i.S'L
He cur mill I t in elm
nitnd fiooil llll exf o.i i r s
to liny sum tio M 1 1" i)
t'ptceircJ
WlOINtn BlOO, pHIUDtirHIA
ttmhn WijJi.-hj eJ
Act. Yeri ilxl ji -lj.fr
Erie R. R.
Series FF 6 Equip. Tr. Ctfs.
M. & N 1922 to 1927
Prico to Yield 7V4C
Winchester Repeating
Arms Co.
First MtRo. 7'js
A. & O., 1941, at 97'i
To Yield 734
THOS.A.BIDDLE&C0.
Established 1764
Member rhlluilelnhlii nnJ Ne '"k
Slock r.nrlianse
424 Chestnut Street
f mwten. .,.... . IS I
yMss ii 111 ijj nJA3 J Jtsjxs.s sj julsjji
FOREIGN EXCHANGE
New York, April 14 l.i ntiniinl
its upward course Ihis men nine, lt Un-
npeiiiiiv ol tut inreiKii '-XI natik'!' nun
Some of the drinand uns lielie-,.,1 , .,,, i,, ,.,,, 0f 17'j pttints ft,,,,, tlu
he for outside account of the same eha
inter Mint hna been noied fin rivi-uth
mi all n'cesKlon After the ihII it pi..
eial I'ublo from Kin lepnrted 1111 uituiu
in Kin cehuiik'e on Loudon. 'I'hj hud
11 NtcudillK effect on the luaiket heie.
May rose to .".h."i. and .Muich in 7 .'Hi,
or .1 to (I points above the Initial h(-.'
ures TiadiiiK win not m tiw
I'rin cio.
Mm ssr.u
Jul llSHfiSO
Hvpiimibei .. HillifiTO
HfU'titUi T OBiaio
up. n
.'1 sini l
il 1' Iff"-,
II il.'HdH
7 HIV U7
Price Irregular on Paris Bourse
Part.. April n Prices wer Irre-srulu
ii f e i iirwi today Three per rni rentes
jr. fran. IS centime., eschnnso on London
r. franc, ni cenllmea and 3 per i.nl loan
s.i -ari'. Ill p.ntlm.a The Jol sr was
ciijoitel a' II franc. 7 centimes
Receiver for Rubber Company
Ne ork, April 1 1 l.iuh.iltu. ,,f n,ri.
tbim (innooiMi urn listed In n lieutmn, h,
ItiMilunliirx hankriipie usaln.t ilm lluU.r
' iiriioriilion in .xniiTirii men nerc touaj In
n ..!.... I ........ Ili.lllllltlr.D ..n.l....- . . I
U in'in .. -., i. . . ". i'i, j. .IIIU
ninnuntri i l.ilmed Imludn tin. Ciiuii.bii, I ru.t
i'i, $71101.' and the National I'nrk ll.uli
J 7.' .Till
DIVIDENDS DECLARED
Liverpool Cotton
l.lttTiiMil. API II II There
I'.ieiirii liond and Bhiire Co uu.uteily
L nor cent on common. D.vatil.i Ann l.', to fn r innulrv ror .rot co'ton toclv uhk
tloc'i of record April 13, ami 1 ' per cent I price, enalar on tho Im.i. of a di Una of 14
on pirferred payable May 2 to slock of rec I point, for mlddllnif at T Slid Th" mile. Mere
oid April IS 40U0 bale, the ii-celpl. wero 220(1 bale.
Vacuum Oil Co. .emlannual 3 n r tent. I alt rn.rlca" lulure. were quli-i In tin.
pai.be Ma- 31 to stock of r. id M .- i tarly deullnss. Spot prki-i won Aiin-rlcxn
Iiui.lanii Ciil Hertnlnif I orporallon 113 mlrt'lllni- fair 10 .Hd flood iribldlln- h 4Ud
en H. rie. A preferred. 1.1 tin on Series II in I full" mld'HIPB- 7 B4J inldillliur "2nd lo.,
farced and id nn common all paiable Ma mluilllmf II 24d kooiI ordlnar 4 UUJ and
13 i stock of iccord April 30 ordlnar) l-'ld
I previous close. Iiiiildcrs weie up T
points, francs up It points and siitIiiik.
despiti- the gloomy indii'itiial initlniilt
I in lliinluuil, showed an iiiiptou'iiient nf
I '...i Murks were down 1 point
lunlatloiis were:
SterlniK cables it. III. demand It'.MM, :
frnnr" cables 7.11. checks, 7 in. In
milieu 4. Ml, checks 1.S5I... , Swiss cables
17 ill, check. 17.'J.S; t'liililei uihl,.
iil70, I'liwkh il'l.tW; iesi'in mbles
lit. HI, checks i:i.!l; Stockholm iubc
'Jil.Stl, checks -'!1.7,"i; t'lirisiiunia uihle.
10 1.1. checks 1(1.10; (.'open lumen cnhlcs
lS.lft. checks IS. 10: lleleian mbles
7.40, checks 7 itO; marks 1 M
Heavy offerings of tireek ex. Iihiiki'.
both In (itfcco anil I.oiiilnn, iniiseil
denioialuation in tliat muiket A new
low leiord of (170, with piacticullj no
buji'fs. w,ls msde.
vi:sn:iu)AVs fai, yi'oi aiiuns
SterllnK Krunca I m lliihloi-.
Iieuund 3 N0S 7 (IK 117 ai r,n
cubit's 3 no, 7 lu 1 no at 11 j
'IOUA S (JI'll.NIMJ clUOTATIONH
Slerllni 1'rnnc. I.lrn Oullder.
mand 3 110', 7 10 1 s.li, ,V ill
Cable. 3 HI 7 II t sil ;n 71J
Bond Secured Notes
Public Utilities
Maturities 1922 and 1940
Nationally leeo-rnized Com
panies sorvinpr 49(i communi
ties with uncommoii earnitiga
anil uti(Uestionable equities
and security
Price to yield 8Vfe
c " i lor r 1f o i ,-jii.
Fairman & Company
Drexel Building, Phila.
I.stiibll.lieil 100'!
A. H. Bickmore & Co.
Ill Eroudway, New York
1-sTSTSTssrrTTr s s s s s i rrrrrff sr?
STUDEBAKER
Excellent showinK indicates rnyh
er levels. Analyzed in our Invest
ment Survey No. 01(5. Also ask
for our SO-Pnymcnt Uooklct 19.
Scott & Stump
in tat inrnf .S'cri(i-fi
MMiriAl.lnTH IN OIII) I His
Stock F.xchanie BIJj. 40 Eubsn N.
Philadelphia New York
Locust (llfl'l-o llroid 1331 i
Motor Gear
Drives
ACME GEAR CO.
N. W. tor. 7th & Wood Stn Phila.
Liberty Bonds
Bought and Sold
Edward B.Smith & Co
Mr-rummi 161'-
Mvinbei. New nrk nnd lli .il i
H ocli Kschanses
nn cnr.sTNi t HrnuEf
I'HII.API'I.I'IIIA
It.i .i ei
LgnU'jn today.
BAR SILVER
ia. "id lowei .i
31 '..1
GRAIN
PROVISIONS COTTON
Our nail' Litter .tent on Htqurtt
Hughes & Dier
Members ) ,.,, -, i,,-,-,, sloe U '"1'",
' I'ltt.lmriili Nloik K.eliiiis
1435 Walnut Street
Miru.e HI.I "-1" ""
Philadelphia .
P. J. VAN III1.I.IAUI)
uioim Nr.,uiiToi(
cipcnnmiitr m
IKIIKKAI. I.M'OMK TWI.s
armerlv ulli ncome 7'ax j',ii
lluftnu nl Internal .
HlgHWftM- "' WJ...
C. S. PATTON & CO.
HO ft CHEBT.NOT HTS.
BANKERS
Rneresnr.Jo n
Osnds ilud blocks Iniuibl " "
oo epminls.lon
1
ilglV.