V'tff .. i . EVENING PUBLIC LED'GER PHILADELPHIA, MONDAY, APRIL 18, 1921 20 tgfffiW I mi 1 Mt i i Iifl 1 i . i Exempt from all Federal Income Taxea Miami Conservancy District, Ohio 0ri Bond Due 1922 to 1940 100 and intorest Thli District takes In part of nine counties and Includes, among others, the cillesof Dayton, Ham llton, Mlddletowo, Plqiu and Troy. Circular opon request Karris, Forbes & Co Pins Street, Oorner William NEW YORK PHILADELPHIA OFFICE Wlde.ler Mdg. MARKET FLATTENED AS PRICES DROP In Absonce of Support of Short Interest Whole Li9t Yielded n Spruce 8200 Free of All Taxes CITY OF JOHNSTOWN School Improvement Bonds 1926 to 1947 Price to Net 4.80 Tb .scrvRiiiES iKr,nTMi:.vT Commercial Trust Company Member 1'ederJl ncrrrc astern City Hall Square West To Met 814 Maturities 1922-28 Serial T"o Gold Notes of a pulp and paper company whose output for 10 years is sold on an assured profit basis. No bonds, notes followed by divi dend pajinc preferred and common btock. Earnings for 1921 should show note interest 6'4 times earned. Send for circular D-48 Baker, Ayling & Young JObU'II IV. bWUV. Jr.. Munaser Land Title Bldg. Boston Philadelphia New York, April 1. Compared with several of tho Immediate prcccdins scs ilnns today' market was nti ecccdingl i (lot as t a u colorless nffnir. The market from the very outset consptcii i owly larked 'he ncecssnrj qualified i tiona to continue the forward swing , which started on Friday namely, buy ing power. It wn painfully evident I with the iib,nce of the iwerins of the lior' Interest the demand wn extremelj 'Imlted. In consequence the general lUt drifted into n narrow rut, with the trading becoming mor restricted as the oeion progressed. Although there were no unfavorable development!! over Sunday, the whole performance wns very disappointing, en. peclaly to those who had hoped Ins' week's flare-up marked the long-awaited turning point in tho market trend. If anything, developments over the week-end could have ben easily re garded as distinctly constructive. In addition to the favorable bank Mute, mcnt.s, there was the decision of the British coal miners to confer next I'ri da on continuing the strike. Added to which could be cited tho nppolnt ment of the three representative- on the transit commission, and nlo Un reported announcement of President Obrfgon of bis intention to pay off the Mexican external debt. FMdently the professional trndirvg clement were not looking for new, hut their operations were governed more 'iir-i-tiy by technical influences or con ditions within thi- mnrket itself. Ir regular changes at tho opening were followed by pressure against a num ber of stocks. Noting the absence of buying orders ocr the wok-end. the reactionists extended their operations steadily during the morning. No part of the list escaped their attention, but rails, steel, equipment nnd oil shares wi-re under special pressure. In the railrcmds Canadian Pacific fell over 2 points, duplicating its recent low i-riio whil- Ic';iaro nnd Hudson lost '' Pullman l-ldcd under liar in n I'-cli-ii- of over ;i points on adverse I '!iiilti'I runn-rs Tho conipnny hns iu-ii - ir i-i-iu -nice i-'ir. nnu in tne ii't"ia! declared two -link dividends, one of 3U p r cei.t and one of 'JO per lent in 1010 Uepublic Iron nud Steel was ulso afTtrtccl by dividend reports, (lei-iinlug over u point There was a display of strength in Mexican Petroleum In the early trading with the olhtr oil stocks, including (ieneral spbnlt. but it was of short duration and wus follow d by a quick reaction before the n' of the first hour. Other oils also f.iri--lted early gains. At the same tlm- iie.isiness developed in the tobacco, u-xtup, rubber and sugar shares. hTc entire lin became dull on the recession". LOCAL DEALINGS WERE RESTRICTED y i$p Us ii mi PRESENT-DAY OPPORTUNITIES Th" V-ond nu-lfet offers t-r n e r attractive tia-uni: adantapes to In . -- ir w hoie present V" Mines are not crtirely -.j'i--fa t r-- nil .Mir p will minanil In t vs i n . ad i-.ur s i r I ro, .H lat.le us at m lime. WlDIHtR BlDO.PHIUDtl.rHIA Mtmbrrs PhiUJtlthu j Aft trk Sixi C-xcksngrt arw vom nirurrM. h r NEW YORK STOCK EXCHANGE TRANSACTIONS r mm mw vow nimrrM.iir r- Boles s-Westwood Members Phila. jsiochExchande INVESTMENT SECURITIES LandTitle Bid. Philadelphia. PHCtJE- LOCUST 4721 Reported Loan Calling by tho Banks Had a Dampen' ing Influence Two influences contributed to keep market interest in the local bhares greatly restricted in today's operations. One of these was the eollapes of the ill-timed forward swing in the big mar ket. The other was the reported free calling of loans hy the local banks pre paratory to the large government with drawals tomorrow The former was a wet blank on the aspirations of those pledged to the constructive side. The other caused quite a good deal of incon venience among brokers and others having demand or call loans. Trading in the local shares was in actne and was mostly in small lots, prices showed a drooping tendency. This, howeer. as the outcome of the narrowness ,,f the market rather than bemuse nf increased selliug pressure. The market was cr thin, and so the was the buying demand The annual report of the L'nited (las Improvement Co. came in for only nca iemic interest Inasmuch ns most of the information given was nlreadv known. I was geneial knowledge the report 'ii'iw l,eaj los.se.s in the Philadelphia gas field Thts answered for tho rela tive firmness of the stock nt 3314 . Neither did the street get excited over Mr. iMtten'B new campaign of educa tion and enlightenment of the public in Philadelphia Ilupid Transit affairs. Thrv were more concerned in the argu ment made in the state Supreme Court on tne litigation seeking to reduce rental of underlying companies. The financial world in general continues to stick t its guns on the theory that a contract Sale. 700 800 100 too 100 100 100 800 1400 100 500 400 100 700 100 (100 3000 101) 800 GOO 2R0O 100 100 000 1000 .1700 1800 300 90 0 2200 800 100 209 (too 1400 3500 2000 200 200 .1100 100 too 100 200 too Aor.o 1000 200 200 1.500 ton 700 B ooo 100 400 100 400 100 100 100 700 1000 2700 200 2000 2.100 100 200 4 Oil .100 2000 : 1000 200 .100 200 1.100 100 200 7.500 203 700 200 100 100 2100 GOO 000 18300 200 200 2G30 200 300 000 200 100 isin 200 too 10(1 101 too 4C0 200 100 too 100 400 200 R00 310 MlO 100 BU III I Hlth Alaska Ciold Mines. Allied Chem & Dye. . . 43JJ 7 Allied Them & Dy pf 80 4 Allls.Ctialmers 37 H 8 Am AstIc Chem 4H 8 Am fleet Susar 39 7 Am B Shoo P pf new 04 . Am Can 2tM 12 Am Car & Pdy 122 ft Am Cotton Oil 21 Vi .. Am Drutr Syn fl'i .. Am Hide & leather . Hi4 Am Hide & leather pf 431J 4 Am Ice . .? 8014 0 Am tee pf 63 . Am Internat Corp 'a t Arn-Iv France nng... ll'j fi Am Locomotive 8J . Am Safety Ilazor '4 . Am Ship & Com 8 4 Am Smelt & Ref 40 H 7 Am Smelt & net pf. . . 7H fl Am Smelt Sec A .... 0H It Am Steel Foundries.. 294 7 Am Sugar Ref 00 10 Am Sumatra Tob 73 04Am Tel i Tel 100J4 12 Am Tobacco U 114H. 7 Am Woolen 7Si . . Anaconda Copper .... 3SJ4 0 Atch Top & Santa Fe. 80 . Atlanta Blr & Atlantic 4 7 Atlantic Coast Line... 70 . Atlantlu Fruit Gi 10 All Oulf & IV I S 8. .. 37H 7 Baldwin Locomotlvo. , 87 .. Baltimore & Ohio.... 34Ji 4 Baltimore & Ohio pf.. 49 8 Bethlehem Steel 53 5 Bethlehem Steel B.... S5 .. Butterlck 1714 .. Caddo Central O & R. 17 2 Cal Zinc & Lead . ...'Rat4 .. California Petroleum . 45 7 California Tetrol pf . . 73J4 10 Canadian Pacific . ...110(4 .. Central Leather 31(4 2 Ccrrode-l'asco 28 10 Chandler Motors 70(4 4 Cheeapealte & Ohio... 00 '2 . Chi & K 111 Uq T ctfs. 1J4 .. Chi & K III pf ctfn 1 . Chicago St Orent West R .. Chicago & Ot West pf 17 .. Chlcapro Mil & St P... 2S . Chicago Mil A St P pf 3S 5 Chicago Northwestern 63 .. Chi R t & Pac 3 6 Chi R I & Pac 6 pf. (11 7 Chi R I & Pac. 7e pf. 71 J4 .. Chile Copper U .. chlno Copper 22(4 . . Coca-Cola 28 . Col & Southern 34 B Colum Gas & Cleo. ... 01 . Co) CJraphophono .... T' 7 Consolidated Cigar .. I0(4 7 Conrolldated Gas .... 8fl . rontlnent.il candy ... 1 4 Corn Products Rcf . . . 71(4 .so Cosden & Co .11 W 8 Crucible Steel 79J4 1 Cuban Amer Sugar... 33J4 . Cuban Cane Sugar ... 19J4 7 Cuban Cano Sugar pf . 01 (4 n Delaware & Hudson.. 93 J4 . P'onver & Rio Grande. 1(4 2 Detr.olt United Rwy.. 70 I Pome Mines 20(4 .. Duluth So S & At .1(4 3 r:ndicoit-Johnson .... 62 .. Krlo 13H .. Krle lnt pf 18(4 . Krle :d pf 13, 8 Famous Players L.... 74 .. Fisk Rubber 19 .. Fret port Texas HU . General Asphalt 62fi a Gen Am Tank Car. . . 46 8 General F.leotric 130 1 (ieneral Motors 13(4 fl Hen Motors deb Cp...i7 0 Goodrich B F 37 Ji 7 Great Northern pf.... 70 1 Gt North Oro ctfs.... 29 . . Greene Cananca. Cop. 34 Hendee ctfs 24 fj . Houston Oil SI .1 Hydraulic Steel 11(4 1 Hupp Motor Car 14 H en Indlahoma Ref 5Jj .00 Indian Refining .. .. 10 .. Inspiration Con Cop.. 3.1J .. Interb Con Corp 4? .. Inter Con Corp pf. ... 13V4 .1 Inter AgTlcul Corp pf. 47H 7 InT Harvester new. . . . 87 . Int Mer Marine 13J4 6 Int Mer Marine pf,... Si .. Internat Motortruck.. 3J(4 ,. International Nickel.. U(4 .. International Paper.. G3 .. Invincible Oil Corp... 19J4 1.9 ?i 42 H 80 37(4 (9H 39 01 29H tit Si 21(4 6)i R'4 43 "a 10 (i 63 414 10(4 85 H 8 40 14 704 GS H 20'4 89 7K4 too 114 73 38 79(4 4 70 0 .1014 HH 31 49 2 51 '4 17(4 Ifl-V M4 45(4 78(4 108(6 IT4 28 7914 50 1 1 74 17 21H 37 Ji n.i( 20 61 71(4 lis 32(4 27 3114 OOU 7 40U 80 K'4 71(4 30(4 78 23J4 10M 01(4 01!i 1(4 70 10(4 a ottt 13(4 18(4 13(4 7314 15J4 15 61(4 40 130 13 oo;i 37 H 69 39 21 33(4 81 11(4 14H Ji 10 .1.1 '4 4Ji 13 !4 47,'i 87 !4 13H 51 34 Ji 15(4 61(4 19J 1.30 Nel Closa Che Ji " ii 43(4 ' 89 (4 37H H 49H H 39 94 - ti 394 (4 121(4- H 21(4 Vt 0(i 'i 8', '4 43(4- A 50 (4 63 42(4 11 H 88 - n 5H .. 8 4CI4 !i 70H- !i 05M !s 29U . . 90 72'4- 1 106(4 (4 114 - ii -H(4 r 1 Ji H )i H 1(4 Ki ?4 72 38 80 4 79 6 - 30U -85H-3l'4 -49 52 -54H-27 '4 16J- I4 45(4 75(4 Ji -28 79(4 594- Ki 1 74 17 25j- 1(4 37!, (4 6I(- i 26 -61 71(4 114 23(4- 211(4 3l 1(4 oji i(i 7'4 '4 40'4 56 l'4t 71 ij 30!4 78 M 33Ji r - t!4 70 10(4 .1 - 61 H 13(4- 18(4- 13(4 72?4 1!4- 15 - 01 1J 46 130 13 - 67 37Ji 60 - I 29 31 4- 1V4T IVJ 81 ll(j 14H- 5J4 . 10 -33J. 4Ji 1-K4 47J4 87 H -35 '4 r 15(4 01(4-10JJ- (4 IS ' A (a 1 0'4 "l4 (i KS H U K'4 ; Sate 1309 1103 500 400 3000 GOO 100 Dlv ln tilth Island Oil 4)4 . Kaneaa City Southern 35H 1 Kelly-SprlnfffloIitTlro. 40 Knnecott Copper ... 19(4 Keystono T & It lJi 6 Iackawanna Steel ... 2 Lo Rubber Tire 37 IOO3.8O Iehlgh Valley 504 100 7 Liggett & Myera pf... 103(4 100 2 Loewe Co 18H 100 1 Loft Ciuidy 10(4 100 .. Loose-Wiles Biscuit . . 39(4 100 4 Mackay Cos pf 56 100 7 .Manhattan Kiev guar. 51 100 2 Marlln-l'arry IS 1400 8 May Dept Stores 93, 10000 12 Mexican Petroleum ..145 100 2 Miami Copper 20H 600 1 go Middle States Con'). 13)4 000 2 Midvalo Steel & Ord.. 37 100 . Minn & St Louis 10( 100 7 Minn St P A S St Me. 0t)i 100 ,. Mo Kansas & Texas.. 3 1100 . Missouri l'aclflo 17 Ji 700 .. Missouri Pacific pf... 37 H 100 4 Mulllns Body 23)4 200 7 National Biscuit ....113 200 7 National Biscuit pf...U0 100 .. National Con & Cable IK 200 0 Nat Hii u m & Stamp... 59 2100 .. Nat R R of Mex 2d pf 5)4 100 .. Nev Con Copper 11)4 400 b New York Central.... 68i 100 2.60 Now York Dock 28(4 too 200 5700 100 300 too 1600 100 1000 5500 200 4000 400 100 3000 600 590 100 109 6390 200 103 200 500 1000 3000 New York N H & ... 16Ji 1 New York Ont & W. . . 16H 7 Northern Pacific 73 3Ji - 1?4 (4 H 1U H ii 40 Olcla Prod & Rcf 3li Orpheum Circuit .... 25 8 Otis Clevator 130 . Pacific Oil SO 3 Pacific Gnu & I'.lco. . . 4S?4 6 Pan-Amer Petrol .... 70(4 3 Pennsylvania R It. . . . .15 . . Penn Seaboard Steel.. II .. Peoples Gas Chicago. 48(4 .. Perc Marquette W(4 3 Philadelphia Co .11 Jk Phillips Pet 37Ji . . PIcrce-Arrow Motor. . 33H . Pierce Oil 10M 8 Pierce Oil pf 73 5 Pitts Coal 504 8 Pullman 100 PunUi Alegro Sugar.. 42(4 4 Puro Oil ,l34 8 Railway Steel Spring. 80 ,. Ray con Copper 13 4 Reading 69 6 Republic Iron & Stel. 60 V 800 5.20 Royal Dutch NY 01 400 .. St Louis San Fran ..'. . 31(4 500 .. St Ixuls Southwest. . . 37?i 100 ..St Louis Southwest .pf 3S 2000 8 Sears-Roebuck 77(4 100 .. Seneca. Cop Corp 1 200 .. Shattuck Arizona ... . 6 100 .72 Shell Transport 4I',4 5300 .. Sinclair Oil 31 400.1 0 Southern Pacific 75 7200 .. Southern Rail 3l)' 200 7 Stand Oil of N J pf . . 10SJ4 100 7 Steel Tube pf 78 100 . Stromberc Curb 30 10500 7 Studebakcr 78 (4 200 1 Submarine Boat Corp. 8i,4 200 0 Superior Steel 40 3-J0 , Tenn Cop & Chem.... S 3200 3 Texas Co 41 Jj 1000 .. Texas co rts 2 1200 .. Texa & Pacific 20(4 10 . . Texas Pao Land Trust235 1300 1 Texas k Pac C & O. . . 28( 500 6 Tobacco Products .... 48 H 0300 .. Trans Cont Oil II, 400 .. Union Oil 19Ji 2700 10 Union Pucirtc !15',i 200 4 Union Pacific pf 05 330 8 United Drug 95H 500 8 United Fruit 10G('4 000 3 United Retail Stores.. 49 jj 1700 . U S Food Products... 31 3000 8 U S Itid Alcohol C6. 300 ..US Realty & Imp 49JJ 4000 8 V S Rubber 7I(4 200 8 U S Rubber 1st pf. ..100(4 300 .. U S Smelt & Rcf 30? 5500 5 U S Steel 81 2700 4 Utah Copper 50 J4 300 1 Vanadium Corp 29'4 100 4 Va-Carollna Chem ... 30(4 100 8 Va-Car Cliem pf 03ij 1100 ,. Vlvaudou Inc 3 J', M0 . . Wabash 7 H 13d .. Wabash pf A 30 200 .. Western Maryland ... 0J4 200 7 Western Union Tel... 88H 200 4 Wcstlnghousc B&M.. 47(4 100 ., Whoellnff&Ln 8 200 .. Whllo Oil Corp I5?4 500 .. Willys-Overland 7J 200 8 Woolworth F W 114 100 e Worthlnston Pump . . 40 l.ow '!4 S3 89(4 1914 1M4 48(4 37 50 U 102(4 18H 10(4 -1(4 50 51 15 91(4 14.1 20 n 13(i 30 H 10(' 06(4 17(4 30 H 32(4 113 110 1?4 59 5 Si 11(4 582 28 (i IBJi 10H 71 W 3(i 2f 130 30 i 48 H G9 31 ?i II 47(4 18(4 3IJ4 30(4 :3 10'i 72 59?, 98 43(4 13(4 85 J 1 2 '4 6814 59(4 60(4 21 27 37 70 16 6 4I'4 23S 7414 21(4 10H14 78 .10 77 (, 8 10 !4 41 n 3 20 225 27 'i 4 Si, lli mM um 64 '4 05(4 106 4014 20 i 65 40(4 70(4 100 30 0Ji 60 2014 39(4 93M SJ4 7(4 20 OJi SSH 47 !4 fi4 1514 7Ji 11314 49 1 80 Net Cloio Chie 4H- (i 25 M " 39 ti- Vt 19(4- (' 15Kt H 48)4- (4 31 '4 60(4 . 10214- Hi IBM- 1014- (i 30(4 60 61 - H 15 93U Hi 143 - ? 20 H (i 13U 36 K- ? IO'4- 68(4 (' 3 17J4 (4 37)i ., 32(4 r ' 113 - 3 lib l4 69 )4- !i ll4i 68i 28(4 I-1Ji-I6H- 72(i- I 3(i 25 130 3(i" 48?ii 70 34 H" II -4711 181, - 27Jb IH 33 -104 . 73 -50 33 -85Ji-I2T4-GS14-59(i-6014-2114 . 27 ?, 37 -761,-15 - 6 41 U 23JJ I-74(4-31(4 -30 7614- 8 -40 8!4 , 41J4 3'4 H ?4 'li 'A Vt '4 H 5 20 225 28 48H 11H- 19H- I14H- 64(4-9514-100 -4014-30K-6514-4914- 70(4- Hi 10014 14 3014- 14 80J4- i 60 Ji 39(4- H 30(4 - 14 03H- i 5Ji .. 7C3 20 CURB ASSUMES 1IM POLICY Business Restricted by Indica-, tions of Liquidation on Stock Exchango New York, April 18. The market on the Uroad Street Curb wan restricted to a considerable extent by the indica tions of liquidation In n number of Is sues ou the stock exchange, and declines In some of the leading stocks on tne board mode monv interests adopt n waiting policy In their trading on the outside market. The market tone, how ever, was generally strong nnd there was a joofl demand for the lending is sues at around recently prevailing prices, A good deal of importance was at tached to tho announcement of the ad vance of 1K5 cents in the price of Penn sylvania crude oil. It was assumed that tills advance will be followed by a sim ilar movement In tbe mid-continent and other fields. International Petroleum was steady, selling at 15 to lt"H8, nnd Simms Pe troleum was itgnln traded in at S to 8. Marncnlbo. after selling at '0, reacted to 20A. Oarlb Syndicate wns fairly nctive with enles nt 71, to 8. Hlk Itnsln flnln sold at 8-i. There was little feature to the trad ing In industrial Issues, Ilethlehem Motor selling in moderate volume nt 2Vt. There was a small amount of business In Chicago nnd Knstern Illi nois nt 13 4. Fnrrell Coal was fairly well held with Miles at Hr to 15. Southern Coal und Iron attracted at tention, rallying from OVi to i). It was reported tltat negotiations were under way for the' absorption by the company of three complete furnaces, with a daily capacity of COO tons. Sweets Company wns firm nt ". A fenture of the mining group wns the increased demand for Kureka Croesus at advancing prices. Nl pissing, after selling at Oil, advanced in ATi. IMH.siKiaui u. in Acme Coal Ilfth Motor Columbia Kmerald . . . IJurant Motors Hmplre Food Fnrrell Coal tturea Motor w 1 Inter Itubber Chicago fc n I Perfection Tire Southern C A I . . ji.. SeM Co Tann riwy tT H Hhlp U S Stesm UnltM Profit Sharlni )IIll Iotr a. m. J ? LW , 21i 2", 2U , 3 2'i 2T4j 21 'i 21s 21H 21, 2H 2li ! in 14, in ,8 8 J , 0 0 , )3-i 13i 12V, S 's , n, rm f". , 2t 2S 2. , 14 l'i 1H , , N N S IN S IS IN STAND.Uin OIUS Stand Oil of Indlarra .. .. 73 73S 7.1 INDErENDENT OILS !'4 H 1H H (4 Ji ?4 Allied Oil Ilonne Oil lleaton Wvomlntr Carlb Svnil Creole synd . cities Serv "B" ctfs Dennv oil Klk nasln I'et Rnalneern Petrol . . l'eili-ral Oil . Ouffev Olllesnis . ... 10 K S" 3'i 2S'J irudon Oil mi 8'i IS 1 124 'I inu s.iv. 20 ts 42 2 5 134- 84 , 6. II J- li li 14 sih-:im 481, 8-74 15 7Ji- 114 r- 40 - ii Commodity Markets GRAIN MARKET Chicago, April 18 Wheat started with general commission house buying and limited offerings. May was lc to l,c higher nnd July Jac to l4c better. Corn started :c higher for May, c to lie up for July nnd '4c to Tsc higher for September, with scattered commission home buying and limited offering'. On the advance the murkct init resting orders to sell. Oats started ',c to -V' higher with fairly general commission house buy ing, nesting orders to sell were met on the upturn. COTTON MARKET New York, April IS. The cotton 1 market opened steady today at live points declined to three points advance. Dealincs were nulte evenly divided. New Orleans and trade interests buying, " o--- . . , ,: 1 , ,, , . , .., .i is a contract ana a lease is a lease until I wnue Liverpool anu soumern wire it' expiration, and cannot Fee how any houses sold l.i w tribunal can ve m any 01 her creased luhr. 1 first time in some weeks FOREIGN TRADE SHRINKS March Business Three-Quarters of Billion Less Than Last Year Washington, April 18 America's foreign trade last month wns nearly three-quarters of a billion dollars less than in the ssme month last year, fig ures made jublie today by the Depart ment of Commerce show. Kxpurts for tho month were S.1S1, 00(1,000, us comp.irrd with tS'JO,000, 000 111 Mntrh. ItlL'O, while it-ports er only $"-'.' lOO.Ortn, s compared with $521,000,000 This left a trade balance Financial Briefs 1 The annual report cf the Duffalo, Itoehen tcr and I'lttsbursh Hall-ay for Ihc vear ended December 31, rhown mrylin Hfter tajea and charies of I2.295.0IP. riuhalcn1 after preferred dlvldenda 10 lt,l(i n share tarned on tho UO.f.OO.OOO combined preferred ruid commoi stocka, Thla romt-arni with surplus of 41,033,305. of 10.27 a ahare, In 1010. Koonls 4 Co , member of the I'nnsnnditrd Flock Exchaneo of New Vork h(o opened a new office In Plttshureh, of vlii. h Ihontja U. Barrett lo manarer. The atock Met commil-ee hao today ad- Petrol Marlanrt Det Oil Mararalho Oil . Mexico Oil . Noble Omar Oil rennoic on Producer & rteflnera lied Rock Oil Halt Creek new . . . . Hlmma Tet Skelly Oil Texntf .' . . , l'n Texas Oil ....?. t'nlted Itoyalty . ... Vlclorln Oil new ... MINING Alarka Hrlllsh Columbia.. Atlanta 1 Ills LedKO 'i nonth 1 Hnaton & Mom O.'i raled Mln n Candelarla M ! Cons Virginia 7 Corter. Pller 73 Crea-on Oold I ft Crrerent JtcNnmarii It r?ureka Croeeus 9t Kurkee. Holly 1 A Clnld Cons 7 Oold Decl 2 Oolclfleld Horenw 30 (lotd Keunna 2 Ool.l Hlher Pick Oold Zone 10 (Ireat Bend 2 llecla, Mlnlns 3 Iron Illnsgom IS luml-o llxtenalon Knox I)llu 16 McN'amara 14 10 l'i Tt a 28 s: lr t; 12 ,3A 2.1 204 m 30 "nt; 4'i S in l'i s" a 2", K RS IK 1 "f. ir 23 29i t 30 24 r.u 4 B4 K ..V In the other locals Electric Storage Hatter , after advancing to 0!1. a new top for the ear, n'acted to 107 '.j Changes elsewhere were slight Philadelphia Stocks WE SPECIALIZE IN ODD LOTS Foreign Exchange Bought and Sold MILTON HEIWCO STOCKS-rOREICHUCilANCE-DONDS "himbi) .--- HllOttPMIA 3IOCS XCHAMflt coutouoATeo Srocs xcHAwan 10JJ Clit-stnut fetrect I'lionf. Hell, bprurr BTll-i-i-l Iveitone lt,(e 7A9 tl llrnudwuy & a 5lli Ave.. V. T. Stunitord. (oun. sprlotllrld. 3Iata. 17 51 107' 20 S 115 1 16 p m 17 54'' lis 20 05 'J7 Net -he Philu Elett &, i: G. f Notes Packard Motor Co. fls. 103 I Mexican Pet 8S, IT 36 .Sharon Str-cl I loop fis, 1941 Winclipster Rep 7' . 1941 run ( ompany 7s, 1931 Ifirh 155 -Mil lu'ur 17 lin Am Mr- 54' K'..". i:ie. Slnr In!" "' I "' N A '-" 'J I.like i'ii s 'JI I.h Na '..". HsItMidrtl- '-'7 so Pi C.Tit I.igli' pf 1 7'i l'a H li 5 Pa Salt . 5 l'n i la r.. cum pf .175 Phila Hie. .'mi do pref 11 do war 70 Tn True. 70 IOI . 50 do pref L'OOtT'S Steel Se rhne mad ty comparison r-ith laJt ai on Vev Trk fltok Df-hnngr I'ini-Mtni.rniA bonds 7i00 Libert !ld 4'.,s. . . lots -.cxi Liberty -id i'i" JfsMi Liberty 4th 1'iS. 4MI Liberty 4th 44s Kiim Liberty 4tb 4l,! Kiiki Hell Telephone 7s HXjO Klectric A. Pro Is 7000 Klectric A. Peo Is lfKVi Pennsylvania d'..s ifiOD Phila Elec 1st 5b March exports aggregated 85, 500,000, 000 and Imports $3,000,000,000, while for the corresponding period of last year exports totaled SO.050,000,00 and im ports $3,750,000,000. Exports of gold in March were $700, 000 nnd Imports $100,000,000 against ! ..). ,.r t.i- nnn (Vin r,A i,,,. ..,,.. sold Liverpool reported in-, $i7,0no.iOO In March n year ago. For southern hedge-selilng for the , th(1 ,,, montnrf Pmio,l with March .gold experts were $131,000,000 and Imports, $481,000.0(10. compared with exports of $40!UX)0.00O and imports of $150,000, 000 for the corresponding period lust jear. Exports in March were $105,000,000 leu tlinn In February and tho smallest for any month since before the world war Imports in March, on the other hand were largest since last December, totuling $4.000.000 more than in Feb ruary. The trade balnneo fur March was the smallest since Inst September and wus only slightly more than half ns lurge as it was in February. fpr the month of $132,000,000. as I """1 I0 h unlisted department ..f ihe local against $200,000,000 in March, 1020. , "liJ,nfv.,S,1n'0lV,lm Co-- Inc arrama. sfel i!fL. ?J:..!!.tt3 SHAM L.vW.T!ffi ... -i i.iu, iu nuui-cru-e lor one ahare of new common stock without nominal or Par jalue for each three shares of , onimoi", .ibtk held at closo of business April jj """" l,JI-K At the onnual meetlnc of the .NVvadu rnn aolldated Copper To . th? numtJr of dl?ectSr, Increased from t-.v t,, fninieii 12-10 U 42 42 . . 71 i 71 U 71 i 'J 32 1 A 32 v 32i "s 21 "i -'1U 21 M 20 25 25- ', 31 a, .,iA- A 3.1 ii 33 4 .'!3i,i i, 1074 40 I0T... M h SI U LAND TiTLt BUILDING, PHILADELPHIA. PA. Jleniliers 1-1 II .iMihi t nimk Kxrlianie .lots loll, 00. IIS 00.72 87 00 S7.70 87 02 103 50 50 1 1 05 s; S.T1 12.20 12 07 u.si I2n:i 13 3 1.1 14 13.72 . 14 On . . 14 10 According to private cables, the Ilrlt- isb (oal-i-trlke situation wus about un changed and news in general appeared to be lft8 bullish than it was at the close of last week. Thn reenpts of cotton -it the ports for the day are estimated nt 17.000 bales, against 17.003 bales a week ago, 2S.71S bales n year ago and 13, 720 bales two year ago. TreMOus i kme ur.n 'Ma . . lJ-'H July . . 12 so riioter . la .12 le-mter '1 'x 'January . . . . !s ' .itari-h hi. LIVESTOCK QUOTATIONS Chicago. April Is fATTLE--Iteceipt. 10 iw i heal I.iihi tef sleeri opened fiely elht- kind. enk to 2Jc lower lop 10 .'.O paid ( ii earlliiE steera and t-i-ifira I"!- weichiy 3trs ID 23. hulk heef Heeih 7 ioV 7-'. buicher ehe st?ck stendv i.. -ii mi l.uiv ftt ioj and helfere, Irttf 7 7-. -eal cahs t idv to hlsh'r, bulk iv iaiker ITti h'-iH e'ockerj and uo-lera Mow wak HOGS rus-eipts. 3J.OO0 head I-'ilrly ar. live 10c to 25-- hlghtr tuin Saturday a aer. ae mediums up iwl lltlits least, aicr rnles slov others well eold TP-. '". '-J-bulk 2fin iunU and down. 10 v I 23 bull! 2.M. pounds and up IS -.-3',tS 90, pits steadi ly strong Plinr.P -rterelpu 17O0O he-i'l Less thin ''000 head on sale. pracu-inv u lambs wo-led lambs (op. early !", '" feld 'onslderab'y hKher Bulk !'' I"- shim top early 0 so bulk. IS ".o-,.-. j-i choice l"l ro-jn'i shorn lambs, early js DIVIDENDS DECLARED rN rec- tanutacturlna Co. nuarierly 2 rr tent on common, payable May 2 -.ck or rc-oru April .1 lloni Uuljl-er c of tu ....u. .-.!.. IS. n. --. , UU..I..I, 1 . l-"l Llll ayable May 2 to stock of re.-ord Ar.r Ham-lion Trust uo Quartern- . pr ceni. payable Mn 2 on preferred pa n Seasoned Bonds BATTLES & CO. - 'tAri( S9 ' Independent Niujre H.jkli TT Ka.t BurTal.. N. V., April ! CATTr.v; Tleceina 2760 head ''"Ji- -We-rliiiar Shlnplnr alrs V-ff?!S?oV.' Raw Sugar Market Quiet New lork. April IR The raw auear mar ket i tuIi and ui-.-han(d at prken ranclntr from HI irnta to .177 cntii duly t-nld There uere no sales reported on Saturda Importations Included 16.000 base Cuhsi to the National Suiar Rennlni Co 21 Oftn begs Cubaa and 7000 bass Haitians to (he Warier fiasr neflnlnf Co The Ineal r lined market la unchanged both, as t.i condi-tloi-i ntd rrieea Advance Price of Crude Oils elected, Tlie avarage prleo of ihe tw.niv aril,, in. dustrla stocka aiKanced is n.r r.n. Saturday to 76 31. while h. twe7y r"roada adTnced .03 per cik to 70 31 rauroaus LOCAL MINING STOCKS TO.SOI'AH STO( KX Bid Cash Bov Jim nutter . Mae.Vamara tres.cnt Vldwuj . .. .N'lM-ar Iixtennon Montana North Plar . . Itescue iiula Tonopah Lxtenslon West Und West Tonopah .1.1 .10 .in frs IS SHUll -l -ariioe. t rlfr inrnjR2 emu. J"' " bula I4 25 23 strckera and t'e.l'f" ini'iflTnO trh cows m.i sprlnto" i'0i 125 ralves Receipts 22O0 neaa nv men- I'lllsburitli. April IS An Increase In the Pi ice rt ' rud. o1h waa announced here to-da- hi Hie princ'pal purchislng aenrl,s The lncreii, ranged from ten to Iwentv-fHe r.nts a btrrel Ihe new ouotatlens follow I'. rnrlanla i.ruds. M 21 an Increase of 23 . .. r.,.1 tl nl An l,ii.,.,t Af IO -an. 5 5?S'.' Uf ! !" mertet. 1173. an Increase of 10 rents! Snmireet uht ! an Increase or vi cents. and Bagland II 1.1, an Inereaae of 11 eenta. BANK CLEARINGS Pan rlearlncs tclay eorrplod wi-h rnr rejp'.n.llng d.i" last 1 10 ir 1921 ItlQO 1010 Phil. . S6 K27.33.1 187 001 MO K 4311 711 I ' n I4 671SI3 llolldav lnltlin..re 14 OIS.7S7 17.33.1 R71 1 h ar- 2 7nn nor 107 I jo 1 i. Llverpool Cotton IJterpool, April IS Spot rntion was nulet dav with prlrcs steady on the basis of an r,.-an.' i.f 7 polnia for mlddllnv at 7 d. Hie sal., were I""" "'-" ....' I' ? -eMr.. ....--- -.- ... vera -I1U'I oaiea, lliilin ,lli-rii-.i,i rmuui ll'rni". ,,."....- ,,-li 1.-C.I il.v..P ,,.r ,uiei in the early deallnirs i.t price, , it(,S H'cHpt; M-'fl hesd J"".'., v-r. American middling fair 10 Old good Ilea I a. K -'s ;','-A',7,v,n ir 1U" n idullliK. as hoa'i iu iy miuuiing, o jiiaj mil torkers nna pi - " ' i. .,-s ,,.., . dllnS 7 0iT.lt Ifiw mlddllri, fl.nf1, uood HHUHI' l'.ecelpts. 4230 head? Hl3hr. ordinatj. 0.30d. Ind ordinary. 4.01d. I Top aliecp, tO.SOi top lambs, 110. 1 1 f f 11 i(f-is.p.relpt Irt OOO hesd. II" '"."T Honer Heavy '.OflO 2.1. mlaed. If- .vii (.7.1 ,orker. 9 7.1 10. ihl d end ii.-a S1O2-.-51010 roi-jhs. 17 'li 7 50. Manx. BllKEP ANP I-AMHS necelpts 1S00 l,fd '.-... II r-0 hl.-her Woollarnbs 1(1 mil ti rMina-d l'-mis HMD SO, -arliii' riOO weihirV l7.f7, ewes. 2'tfH.50, rnU(d cheer. l. ri00 7ft. Plttshureli. April !. CATTLB neielpti. ttin head Higher. Steers l V ft SO "iter. 17 a. 73 . $0 7 50 Caller Reserve Banks' Discount Rates Official rediscount ratea at Iho twnip Fed rral Hpller' banks are as folh.ws Treaa. Lib c-i.m'l BkrV ctfs. iionns apr Ac. ept .T10M011 New- Vork Ph.idelphl.i ( l eland Hlehmnnd Allinta Chicago St Louie Minneapolis Kansus City I rllaa ban Prontlaco n'-j 0 7 (1 ii 7 rt r, S'- S M, i n 11 (1 11 7 11 11 O'j 7 fl II "I 7 11 n s-i 1 nt, .11-1 II 7 ll a ti 11 m n a 7 0 11 11 11 11 Allied Divide AtlO Divide . 1-flchf r IJilcher KMension Pen Hur Drouth Divide Dlv Ida Ext . . Divide Con DMdend Kent Divide Harmlll ... llasbrouck Divide High Divide .. Knot ... Hevirt Divide . ... Heno Divide Iloseli Silver King . Sutherland Tonopah Divide Tonopah Itaabrourk Vlctnrv Divide Verde Divide Zone , . 01 . . ill . .M . 1 01 .In DIVlDi: Sior-Kn Honth Comb Traction , t'rnrkerjaek Dlamondfleld Blu Florence Ooldfleid Con . . . Cold Devel Ooldfleid Deep . Ureal Bend .... lumNi Eat . KeuarMS Lone Star . fro . .. Itr, I IIHIe . bllver rick Fpearhead ot .(. ."i hi .01 .11 i:. oj 01 : M ot o 01 o; Si' 01 nt in QOLDKILLD STOCKS o.l Hull 111 or, .nn n (! .0 Il-J ."I 1 .10 o 113 Discount rate corresponds Amparo Arizona United Caledonia IMen Hmtira Wilier . Kureka Croesus Kureka Holly llecla Mother Lode Nevaila Hllla MIBCKLLANLOCS I in li Interott NeVHitn Wonder ... ...... . ....tlO-nl-.. ,l-.tf.-.l ... -nllsl HUCCeSS era I with minimum of ft per cent In lluj I Tt-opa JIIiiIiib case of Kansas tiiy alio p-.s per cn in ?;,,,!,'" . case 01 nuiaueipum, ,,,(f( ......a.,,,,,,,,,.. tiit ' .n't 10 .in .' so -l no 3 7.1 4 .10 01 II oj 00 Ort ,03 A Hi .or, .10 I'. .12 .17 nil fts .o.l .17 1 A 1 I 32 .12 .02 .01 01 01 ."I .13 30 ot 01 03 12 H2 01 17 .0.-, O-l .0,1 02 .01 01 . Oil" ni 0-, 0; Oil Onu :o 04 0: 03' .,r 03 01 no 1. 2 .111 05 01 1 2n 12 12 20 01 .90 4 2.1 5 Oil 02 S 0.1 tl IIS .91 Marsh MInlns 0 Mother Lodo 40 Mother Iodo new 4a National Tin Nlplsalni: 0', North Htar 3 Ophlr Hllvor T... l'i l'rlncn Con ' rtex Cons 74 Ilochesler Mines 7 San Tov 4 Bllver Hill of Nev 41 .silver King Divide 2 H Silver Lead 3A, ht Croix 'i Success Mln 4 Tonopah Hclmont IS Tonopah Caen Hoy f Tonopah Divide 1A Tonopah Kstensior. 1H Tonopali-JIm llutler s Tonopah Midway 111. Tonopali Mln l'i Tonopah Mtzpsh s 1 V. 4 03 n in 7 70 .1 ss 1 A 7 2 28 .1 IS 3' 15 a Irt 14 0 40 4S n o' i ri 4 7'1 7 4 45 rononah MontAna Tonopah flescuo Lula .... V S Cont L'nited Us-alern Victory West Knd Con While Capa Wllbert IIONDS An-cr Aar Chem 7 Us... Amer Tel rts of '22 .. . Anaconda 7a of 20 . . . rglo-Amer 7a tipper Kxport Sa of '2.1. ( opprr Kxport Sa of '24 c.tPer Export 8s of '2.1. Cons Oan Ss r.oedrlch Tire 7a Humble oil 7s lnteiborn 7a KitiTieeotr 7a Mexlian I'elrnl 8s (HUo Power 7s . Piin-Auier Petrol "s Phi kurd Motors Sa Snulll N V 7s of 2.1 Soulli N Y 7a rf Ml Vacuum 7a Western Kleo 7s 17 4 rtA 4 . 97', , 07', . 93 v 1001, , 00 , 90S . COW 100 fill I, . 07W , 72. , OP, . OS', (11 02', 1IMI 4 IS r. l'i ii s in IS K R 17 n.'. 1A r, I (7i; 07 s 03 H 1 4A At 0 10 7 73 l'i tl 01 r no n in S'i 15 n in 14 0 40 ns 3 m 7 1 17 n S t IS 3 1A 'l IU s K 17 ft.1. IS 4 1A n 1 P7U 07U 1)31, 325 Chestnut Street A Trust Company performs, among other services of value to those possessed of moderate means, the following: x. Executor to adjust the affairs of -deceased and make distribution to the heirs as provided for in the Will. 2. Trustee. When appointed Trustee to hold the property, pay the income to those specified and finally dispose of the property in accordance widi the provision of the Will. The charge of a trust company for service of diis diarac tcr is moderate in comparison to the protection and security afforded. Fidelity Trust Company 325 Chestnut Street 143 1 Chestnut Street 6324 Woodland Avenue, West Philadelphia Capital 5,200,000 Surplus 16,000,000 Funds held in Trust more than $250,000,000 lnni; innt 90S nSi PENNSYLVANIA RAILROAD COMPANY We have prepared a special circular on this great trans portation system, dealing with present conditions and future outlook. Sent upon reqattt for X'8S HUGHES 8C tIER Members PHILA. STOCK EXCHANGE CHICAGO BOARD OF TRAOB PITTSBURGH STOCK EXCHANGB NEW YORK PRODUCE EXCHANGB 1435 Walnut Street Philadelphia Spruce 843 Race 1893 NBW YORK PITTSBURGH, CLEVELAND 100 onu 07 op, ms li n 02 inn -int t, int', ioi t. ma-, lire, ioa, lnnn jnn 1001, 00', 00'. 9ii t, not I1I1L ' 00 ' ion 00 V 07 72 S 01 ', 0K, on !2'i inn FOREIGN EXCHANGE New Yorli, April IR. StreiiKtli in lire featured the npenltii; forolsn ex rlinngc market this morning, cables he lm: quoted nt -1.71 and checks at I 70'j, an advance of 7 points over Snturdnv'H cloring Krane oahles at 7.1fc nnd cheeks nt 7.17 nln represented an advance of 3 and 4 points, vesper-tiw-n. interline uns unchanged ut ::.!."it, for cnbles and .1 02i, for de ninnd. The Scandinailan changes v. ere iiIkd ritrong ttther quotations were: Sss i-ahlrh 17..'l.'l, check!. 17.. 10: guilder cnbles III. 7.1, checks HI 70, pet-eta cables 1H 02. checks 13.00 : Stnkhotm cables JH.f-O, check6 2.1.7.1; ChriMlanla cables HIOO, cheeks lS.O.'i: Copenhagen cables Is. 10, checks 18.05; Ilelglan rubles. 7 l.'i. checks 7.-H ; innrki 1 til After tho first hour the Important M-hunges, Mlth the exception of lire itid marks, lost flightlv. Sterling nbles were 3.03, demand 3.02't ; franc ahlea 7. IS. checks 7 17; lire cables I 72. checks 4.72' i, pofetas cables KISS, cheeks in.R.l; marks l.tll. The rate of premium on New York ii title' in Montreal today was 12 l.VHI it ceut The rule of discount In Ne ' iii-I; mi Cumuli nn funds uns 11 lTi-32 MATLttllAT M I'IN'M. Qt'OT Tf IS'S H.'..l.l,'" 'r!'.?"' lAr" Oullder. pfniand .102', 7 11 till .11 iu 1 alleB 3 03i 7 IS i 113 34 7s TOUAY'B OPKNINO PltlfXS ''i'X,".1 Pr.inra Lire liuilders Hemand . . 8 02'4 7 17 4 70i "i f", lublea 1?:1 7 " t 71 317.-! Power Company Passes Dividend i. Vr" r?.r.r'' A"rJl J? . ""' "inrmin..ii l'n j. r naluniy and l.lalit Co hua lassed (lie irct-rrcd quarterly rilHdend of lM Mr cent ;n acrlp due at this time. " ' v r nt" ESTABLISHED 1865 BIOREN & CO. BANKERS 410 Chcitnut St., Philadelphia Government, Municipal, Railroad and Corporation Securities S JXem bera ew York and I'hila. anpnui ,sroc Lxcnaitges MmmmammmumammmmM Crew Levick Co. First Mortgage; Sinldng Fund 6 Bonds FUKE OF TAX Kuslners eslabllslied On jers Net Earnlnte 8 Tlmei Dond Interest. Prico 87 'i and Interest Returning! 7.80 Edward V. Kane & Co. Morris nuildinu rlulilllied 13 jeiir sszWFSi INVESTORS' HANDBOOK A atatistical man unl giving data on atocko and bonds or railroads, industrial, mining and oil cor porations. Earnings, working capital, dividend rec ords, high and low prices are shown. Milt for S.10 J. F. McGOVERN & CO, It.mber. of rtilU. Btft-fc ,u' 1430 Oouto .uu " - mi' fc?"viiU" or?r' Ulrtct TrlTttto Hire, to AH Mr"2, . g r. ,i ,ffO ti;nn. rower u, ju- ,. S. S. White Den. Mi 8. 19.3L Pub. Service Corp. N. J. 7s, HENRY D. B0ENNING 4 CO. BTllf'K BXCIIANOB Ma3?x Direct Private Telephone t V7tt, msinnrra inua. ew --- M RKTV ll()M)H Fidelity and Deposit Company! or Maryland PLATT, YUNCMANN & CO. 400 IVAJ-MJX sz&cet CO. "C.PATTON& SiH-i-easara l'i ns. I SAIMIR A. HI 'KM; !, i sU i ' lliimta und htorka l'"'',lt 'l" I fe.ah.,.M'UJiSO I 1 rfWrWw. ' 1, ...,iIVtVatf)ftbv4l
Significant historical Pennsylvania newspapers