tfi
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EVENING PUBLIC LEDGER-PfilLADELPHIA, TUESDAY, MAHOH, 7, 1922
SPECIALIZING
IN SAFETY
I
ti
i
I
i
I
FOR 40 years S.W. Straus &
Ce. have been specialists in
underwriting and setting a
type of investment bends
strictly non-speculative, non
fluctuating and safe. The sue
cess of this specialized policy
Is attested by our record 40
Years Without Less te Any
Invester.
Write for our booklet, which
tells why and hew. Ask for
BOOKLET 329-L
S.W.STRAUS & CO.
PRICE MOVEMENT
NEW YORK STOCK EXCHANGE TRANSACTIONS
VERY IRREGULAR
Reactions Mere Extensive
Among the Recent Exploited
Peel Specialties
III INCOnreHATED . KSTADLISMBU tSSl I
H Stock Exchange Bldg.,Phila. I
l Tilifhnt Srauct 5618 111
' 40 years without less II
H te any investor II
Copyright 1922. by S. W. Straus & Ce.
FIRST
MORTGAGE
BONDS
Yielding
Nebraska Power Ce.
1st S's due 1949 5.65
Alabama Power Ce.
1st 5's clue 1946 5.75 fe
Great Northern Power Ce.
1st S's due 1935 5.80
Central Georgia Power Ce.
' 1st 5's due 193S 6.00
Current List Upen Request
Coffin & Burr
Incorporated
Drexel Building
Philadelphia
New Yerk. Mnrrh 7. TIip sttimil.it -
itiR influence of the Conell(lntPil On
( iIrd-Ien linvltiK spent its force, tmlny's
1 stock market fell back Inte vtrttmlly the
1 same tiioitlen It occupied yesterday
! previous te tlmt event. There wna the
same .Irregular backing and Milne proc-
est with mimic of the peel specialties
Miewin',' (lentute reactionary tendency.
t few "front spots developed, notably
the steels, following the announcement
t nrli e ailvauci's bv one of the larcest
Pittsburgh producer, but the general
aspect was disposed te lag mill sag.
Iinmedlately following the Initial
dealings the trading assumed a conspic
uous two-sided appearance, net because
of tiny adverse turn In the sltuntlen.
but because of the technical position
the market has reached. While the
professional contingent was openly
bearish, r-till the unexpected rebound
( yesterdny naturally made them cautious
In assuming aggressive steps. On the
ether ham!, with the artificial support
Of the manipulation removed the mar
ket for n number of the highly specu
lative specialties was found extremely
thin. Iteniuants of these individual
demonstrations, however, were te, he
, found in cattering parts of the list,
strikingly se in connection with Cern
1 Products and I'nlted States ("as Iren
, Pipe, betli niaklns new high figures for
, the j ear. Offsetting this was the heav
iness of Studebaker. Chandler Meters.
Utenernl Asphalt and Mexican retro-
1 'cum.
Other foreign oils and some of the
domestic Issues nl-e gave nwuy moder
ately, ami reactions among the meters
anil rubber stocks were mere extensive.
Pressure against International Paper,
Phlllips-.lenes preferred, and National
Kname Ing was counterbalanced by the
strength of 1 tilted rruit. central
. Leather preferred and Tobacco Prod
ucts preferred. The gas shares canceled
only en n smnll part of yesterday's
gains.
Tin; wavering character of the market
' which became mere pronounced as the
, .se-slen progressed, was popularly ns-
1 eribed te fresh apprehension concerning
the soldiers' bonus bill. This, however,
upon cleer nnnlysls. appeared te tie
mere of an excuse than n cause, but
there was evidently something, as ob
served yesterday, of a disturbing nature
overhanging which as jet has net taken
1 definite form.
Commodity Markets
March
Bend List
Our list comprises well
diversified offerings of
Canadian, Provincial
and Municipal Bends
new obtainable at prices
te yield
5.50 te 6.50
All the issues have
principal and interest
payable in New Yerk.
The prices quoted are
for payment in Amer
ican funds.
Write for Circular P-37
Weed, Gundy & Ce.
Incorporated
14 Wall Street, New Yerk
GRAIN MARKET
Chicago. March 7. Wheat started
", te lr!sC l"wcr for -,lnJ' aml '4? ,"
1-X.c off for .lulj. with selling by bear
houses, Tl.e DreiiK nivi u ")'
resting order. The reaction in cables
after the strong opening nt Liverpool
inspired the early selling.
Cern started ic te -V lower for
Mav and -V te lc off for July. Trade
wai moderate, with fairly general com
mission house selling and lack of buy-
'"at'ept'ncd c te He lower, with
selling led by an r.usieru huu-c.
May
Julv
Cern
1 May
July
Oats
May
1 juiy
niv.
Salt In f STOCIC High.
1200 .. Advance Humely .. 15
400 3 Advance Kumely pf 1 14
200 4 Air Reduction 50)t
300 .. AJax Rubber 15
100 .. Alaska Juncnu O M H
2400 4 Allied Chem & Dye.. 57 U
100 7 Alllel Chem & Dye ptlOSJ,
1500 4 Allls-Chalmers .... 46 H
1800 .. Am Agrlc Chem... 36Jt
1500 .. Am Agrlc Chem pf. 61 H
700 .. Am Beet Sugar.... 40V4
200 .. Am Besch Magneto. 38V4
100 4 Am B Shee Fdy new 58
100 7 Am B Shee F pf new 102 ft
2300 .. Am Can 43J4
800 7 Am Can pf 104
100 12 Am Car & Fdy.... 150
400 .. Am Cotten Oil.... 24 H
100 .. Am Chicle 10H
500 . . Am Drug Syn 5'i
100 g Am Express 135yi
300 .. Am Hide & Leath pf 68ft
6100 7 Am Ice 102
100 6 Am Ice pf 79
700 .. Am Internat Cerp.. 43ft
100 1 Am-La France En 10H
800 .. Am Linseed 31ft
300 .. Am Linseed pf 56
600 6 Am Locomotive.... 10994
100 7 Am Locemotlvo pf. 117
700 .. Am Safety Hatter. . 5H
4300 .. Am Ship & Cem.... 13H
300 .. Am Smelt 47H
100 7 Am Smelt pf 90ft
200 12 Am Snuff 126ft
1300 3 Am Steel Foundries 33 ft
100 7 Am Steel Filya pt.. 96ft
3400 7 Am Sugar lief .... 74H
100 7 Am Sugar Ret pf.. 99
400 .. Am Sumatra 28
4300 9 Am Tel & Tel ....1 0
700 12 Am Tobacco 134ft
200 12 Am Tobacco B 132ft
100 .. Am Waterworks .. 8
2400 7 Am Woolen 88 V
100 .. Am Writ Paper pf 26H
700 .. Anaconda Copper... 49ft
100 .. Ann Arber 20
500 .. Ann Arber pf." 40ft
100 7 Asse Dry Qds 2d pf 78
100 6 Atch Tep & S Ke.. 96ft
100 5 Atch Tep & S F pf 86
100 7 Atlantic Coast Line. 88ft
300 .. Atlantic Fruit 4
600 :. Atl Qulf & W I S S 27H
15 20 Atl Refining 900
700 . . Austin Nicholas ... 23
2000 7 Baldwin Locomotive 105 Ji
400 .. Baltimore c unle.. 37
100 .. Batepllas Mining... M
2800 5 Beth Steel U 63ft
200 7 Beth Steel 7 pf... 91
100 8 Betn Steel 8 pf.. 106ft
100 .. Beeth Fisheries.... 6
100 .. Brit Em Steel 1st pf 58
100 .. Brit Em Steel 2d pf 20
4500 . . Bklyn Rapid Transit 1 1
200 . . Bkn U T ctfs of dep 9
200 .. Bklyn Union Oas.. 84ft
200 .. Bruns Term 2ft
300 8 Bums Bres A 126ft
700 2 Burns Bres B 39
100 -.. Butte Copper & Zlne 5ft
400 .. Butte & Super Cep 25 ft
200 . . Butterlck 32
300 .. Cadde Central O & R 11
100 .. Callahan Zlne & Ld 5H
100 0 California Packing. . 73
5900 .. California Petrel... 53
300 10 Canadian Pacific. . . 135
- ' ..... .,
Sentember
Re
May
1 P. M
1.42
l.SOii
(III
43S
H'i
1.07'J
Terente
Londen,
Knr.
Wlnnipfc
Metitrrul
WE HAVE en hand
and recommend
with confidence the
security of an estab
lished Pennsylvania
Utility Company that
is especially appropri
ate for the investment
of small sums. Yield
8re per annum, tax
free in Pennsylvania.
Particulars en appli
cation. We invite conference en any
cuireiit iiivrsfmciit subject.
COTTON MARKET
New Yerk. March 7. Th.j cotton
market opened active and firmer this
morning at an ndvnnce of 1 . te 1J
points, lluylng early was by New Or
leans. Wall Street and the trade and
was based en stronger cables, a better
Manchester business and heavy rains In
the Eastern belt, which will delaj
spiing plowing. Liverpool nntl the
Seuth v.ere the 11rlnclt.nl sellers, .atcr,
.i. ut. ..u,i little under realizing.
The receipts at the ports for the day
nre estimated nt 18,0tU bales, against
"1 i:7 bales n week nse, '20,4.10 bales n
Tear age and 27,011 bales two jears
703
300
100
300
4100
100
200
700
300
100
2300
2200
200
500
100
100
1100
1500
100
600
6400
1900
200
9300
100
Carsen Hill Mining 13
. . Central Leather ... 34ft
. . Central Leather pf. 69ft
4 Chesa & Ohie 59 ft
6 Chandler Meters .. 73ft
. . Chi & E III (new).. 16ft
. . Chi & E III (new) pf 37ft
. . Chi M & St Paul 22
. . Chi M & Ht P pf-.. 36J4
6 Chi & Northwestern 67
. . Chi R I & Pae 39ft
. . Chtle Copper 16ft
. . Chlne Copper 26
4 Coca-Cela 44
. . Cole Fuel & Iren.. 26ft
3 Cole & Southern .... 44 ft
6 Celum Gas & Elcc. . 77 ft
.. Celum Qraphopnene 2ft
.. Cel Graph pf 10ft
4 Cemput Tab Recerd 70 ft
7 Consolidated Gaa.. 106ft
.. Consel Textiles...
.. Continental Can...
4 Cern Pred Ref . . .
Cern Pred Iter pi.
200 2,4 Cosden & Ce
1400
2500
8200
7300
6400
100
100
100
200
500
4100
300
100
1100
600
200
13
, 59 ft
106
114
. 35
, 56
, 22 ft
12ft
4 Cruclble Steel ....
.. Cuban Am Sugar,
r-uhnn Pnne Sugar
.. Cuban Cane Sug pf 36
.. Davisen Chemical.. 57ft
3 Deere & Ce pf 72
9 Delaware & Hudsen 111ft
6 Del Lack & Western 1 1 4
.. Duluth Se S & Atl.. 3
1 Deme Mines 24ft
12 Elec Steraga Uat..I46
.. Elk Hern Ceal 17
. . Emersen-Brantlng . 6
G Endlcott-Jehnson . . 81
.. Erie '2S
Erie 1st pt ion
ngu
March
May
.Tnlv ....
I October .
UBttme'-r
Yfft.
ClOSB
. lh.21
. lT.H'J
. K.'-'S
. lil.ill
. 111.42
Today's
open
1H.-I3
IS ir.
17.40
ID 711
10.01
Uimmel. Starch ;-?''S1V
rnr srmi n
1 P. M.
lR.Os
17.41
HI se
10.110
a coert
only
nf ar ail' -in. of K2 nelnts ter mldjlinif. at
111 -ll.t The 1 ilf 70"n fr11""- T.h"
EJeVler: African. m.-Mllnj, fjlr
HARPER&TURNER
Investment Bankers
Members
Stock Exchange Building
Philadelphia dinB
- . . j iiiiiiniT.
n.fci,U Bqyu '"-' : "' 1 m n h T... ,i,i.
r,m' 0 41rt coej ordinary. S Slid, and er-llnari-
S.0Dd
NEW YORK COFFEE MARKET
New Yerk, March 7. The coffee fu
tures market opened at an advance, of
C te 7 points this morning, the better
1 feeling rellectlng tin- nrmi-r nw .-.-ehange
market and u further advance In
Santes futures.
The market was firmin2 up at mid
j,la, hnvlt.3 advanced 10 te VI point
1 I. .1. ...... .id r.MI,,lml It'itM I
Beranten
s
1 .1 1 ..mx.ln.l ...itli n
net en traue ueiimii". '""i""1 "
ierv moderate en Wide support, rnic
Philadelphia Stock Vxrhange ticall.v all recent news ,, cmng ,,ere
from me iinemu - ---
i.in.li in eharaiter and eidlnarllj
would pieiluti! an nrtlve local bull mar
ket but support Is lacking and trading
has been centined within very narrow
There has been considerable demand
for cost and freight toffees ntnl buyer
have paid full prices. The local spot
market Is firm anil geed selections of
Santes grades very scarce.
.. .10 k . t .0 nil
.n.h n.5"''ln -";"
May
July ,
N'pteniur
Decainber
Hid.
4300 ' 8 Famous Players L. . 83ft
8 Fisher Beny 01 u pi ay
Flsk Rubber 13
, Freeport Texas .... 18ft
6 Gen Am Tank Car. 57
. . General Asphalt.... 60
5 General Atphalt pf. 92ft
8 General Electric. ... 157
. . General Meters.... 8
6 Gen Meters deb 6?i 68 ft
.. Goedrich B F . . . 38ft
7 Great Northern pf. 75ft
4 Great Ner Ore ctfs. 34
. . Guantanamo Sugur lift
. . Gulf State Steel ... veji
. . Hablrshaw El Cable 1ft
7 Hnrtman Cerp 100ft
. . Hcndee Mfff Ce
. . Housten Oil
. . Hupp Motorcar.
. . Hydraulic Steel .
7 Illinois Central .
. . Indian Refining ....
60 Indlahema Ref ....
. . Inspiration Cen Cep.
.. Interb Cen Cerp ..
. . Interb Cen Cerp pf
100
900
2100
200
13600
100
600
2600
100
300
1700
300
3900
3400
500
200
1300
100
100
100
100
300
100
900
2200
600
400
300
5600
400
Lew
14ft
40
50
14ft
56 ft
105ft
45 ft
35
58ft
40
38
' 58
102ft
41
103ft
150
24
10ft
5ft
135ft
68 ft
97 ft
79
43 ft
10ft
30
55 ft
109
117
5
13
47 ft
90 ft
126ft
33 ft
96 ft
73ft
99
28
119ft
133
132ft
8
87
26
48
20
39 ft
78
96 ft
86
88ft
3
26 ft
900
22
104ft
36
63
90 ft
106ft
6
58
20
10
8
84 ft
2ft
125ft
39
5ft
25
32
10ft
5
73
51ft
134ft
13
34
,69
58
72 ft
16ft
37 ft
22 ft
36ft
67
39
16
26 ft
44 ft
26 ft
44 ft
76ft
2ft
10ft
69
104ft
13
59
105ft
114
34
55
22 ft
lift
35ft
55 ft
72
111ft
114
3
24
144
16
6
81ft
10
16ft
82
84 ft
13ft
18
56ft
58 ft
92ft
156
8ft
ft
1'
1ft
2
ft
ft
ft
1:80 Net
p. M. (The.
15 H
4lft 2ft
50ft- H
15ft
H 56-
105ft
45ft
36ft
60ft
40 -r
38ft
58
102ft-
43ft 1ft
104 ft
150
24 -r ,H
10ft .:
5ft -f H
135ft 1ft
68ft -r ft
101 3ft
79 - ft
43ft-
10ft ..
31
55ft-
109
117 f
5-
13T
47 ft-
90ft-
126 ft'-
33H-
96ft
73 -
99 -
28 -
119H
134ft
132ft
8 -
87ft-
26
49ft
20 -
40ft
78 -
96ft
86 -
88ft-
3
27 ..
900 - 60
1ft
ft
1
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
'ft
ft
ft
ft
'ft
ft
20
75
14
5ft
100
7ft
3ft
40
2
7ft
iiiiiiiiiimraiiiiiiiTJiiiiiiiiiinaiiiimiiJitiniiiiiiii'iiiraiimiiiiiii.riiiit
INQUIRIES and
ACCOUNTS INVITED
CULVER & CO.
hTOCKS A BONDS
it embers
Philadelphia Hteck Hxchanee
Consolidated Stock Vxehange of .V. Y
CULVER BLDG.
1504 Walnut St., Philadelphia
Race 70(10 Sprurn 8320
PltUburtb, I'n.. nrewnmllle, l'u
Ktrulxmlllf. O.
H. 70 ' SO
S. 7H07U
H SOtUSl
h.b'J
8.SIII3H7
S.H4iSrM
H.S7'ftMK
8 H80OU
Internat Agrlcul .. 9ft
Int Agrlcul i-erp I" ;?
Inter Comb Eng 25 5s
!., nfer Marine .... "5
100 'r Int Mer Marine pf.. 70
.nn n . tlnlnrlrll 2ll lit 5"
IUU i ill. w.w."-- .7 , .
. . international .ii;rci .-
6 Internat Nickel pf. 67
.. international Paper 46 ft
6 Inter Pnper pf stnd 63ft
.. Invincible Oil Cerp. 16
. . iron Products 31ft
. . Island Oil 'ft
2100
300
900
300
2900
1100
2600
68 ft
37 ft
75
34 ft
10ft
69 ft
1ft
100
19
75
14
5ft
100
7ft
3ft
39
2ft
7
9
38
25 ft
15
70
56
12
66
45
63
16ft
29 ft
1
22 -105ft-
36-
63-
90 ft-106ft-
6-
58 -
20 -
11T
9 -
84 ft-
2ft
125ft-
39 T
5ft
25-
32
10ft
5 73 -52
135
13 -34-69
58 .
37 ft
22ft 36ft .
.
26 ft .
41
f
76 ft -2ft
10ft
69 -105
-13
59 ft
34
55 -22
ft
12ft
35?.
111ft
114 -
3 -
24 ft-
145ft
17 -
6
81 .
10ft .
.
84ft
57 -59ft-92
ft-156-
8ft .
68 ft
34ft-
llftx
70ft-
1ft .
100 -19
-75
-14
.
5ft .
100 -
7ft
3J.
39 ft
2
7ft
9ft
38ft
-70
56 -12ft-66
-45-63
16
31ft
1-
ft
'
1ft
ft
1
ft
1
ft
ft
ft
ft
'ft
ft
ft
ft
ft
ft
1ft
ft
ft
1ft
1ft
ft
ft
i
ift
i
'ft
ft
2
1
ft
'
ft
1
5ft
ft
ft
1
'M
ft
a
i
ft
i
ft
niv,
Sls In I STOCK Hllh
200 .. Jewel Tea. 20
100 .. Jenes Bres Tea.... 36
200 .. Kansas Cy Southern 24 ft
100 4 Kansas Cy Sepf... 54ft
1000 .. Kansas & Gulf.... 5
3800 .. Kelly-Spring Tire.. 43
500 .. Kennecett Copeer.. 28ft
300 .. Keystone T ft It.... 15
300 8 Kresge S S 137
100 ., Lackawanna Steel.. 46
800 . . Laclede Gas of St V 58
400 2 Lee Rubber Tire ... . 28 ft
300 3 ft Lehigh Valley 59
100 7 Lima Locomotive.. 95ft
200 .. Leewe Ce 13
100 .. Loese-Wiles Biscuit. 37
700 .. Melntyre Per Mines 14
100 ,. Manatl Sugar 50
1600 7 Manhat Elev guar. 43
300 ., Market St Ry pr pf 56
100 .. Market St Ry 2d pf 'lift
300 2 Marlln Oil 25
200 ..-Maxwell Class B... 15
500 May Dept Stores... 112
6100 12 Mexican Petrel ....125ft
100 2 Miami Copper 27ft
1 800 1 Middle States Cerp . . 13ft
300 .. Mldvale Steel 29 ft
100 .-. MlnnftStLeul 7
J00 ,. Me Kansas ft Texas 4
100 .. Me Kan & Tex pf. 6
500 .. Me Kan & Tex (wl) lift
800 ..Me Kan & T (wl) pf 33
300 .. Missouri Pacific... 21
100 .. Me Pacific pf 54
100 ,. Montgomery Ward. 15ft
200 .. National Acme .... 12ft
100 7 National Biscuit pf. 121
100 7 Nat Cleak & Suit pf 86
400 .. Nat En & Sta 34
200 7 Nat En & Stamp pf 81
1 00 6 National Lead 89
400 .. Nev Cen Copper 14
600 B New Yerk Central.. 78
1002 New Yerk Deck.... 29ft
500 .. New Yerk N H ft H 16ft
100 2 xew Yerk Ont & W. 22ft
100 7 Norfolk & Western. 99ft
100 4 Norfolk & West pf. 73
700 3 North American. ctfs 57
400 3 N American pf ctts 42 ft
200 .. North Amer A rtB.. 7ft
1000 7 Northern Pacific... 79ft
100 .. Neva Scotia S ft C. 22ft
100 .. Okla Pred ft Ref.. 2
100 .. Orphcum Circuit.... 15
200 .. oils Steel 10ft
1600 2 Owens Bet Mnch.. 31
100 .. Owens Bet Mach pf 100ft
100 6 Pacific Gas & Elec. 67
100 .. Pacific Mall 14
1200 3 Pacific Oil 48
1100 6 Pnn-Amcr Petrel.. 57
100 6 Pan-Amer B 51ft
200 .. Panhandle 7ft
600 2 Pennsylvania R R. . 35
200 ., Pcnn Seaboard Steel 7ft
900 6 Peeples Gas Chicago 76 ft
1300 .. Peoria ft Eastern... 16ft
1500 .. Pcre Marquette ... . 26ft
200 E Pcre Marquette pf. 59
100 E Pere Marq prier pf. 70
100 3 Philadelphia Ce 35
100 .. Fhllllps.Jenes 89 ft
100 7 Phllllps-Jencs pf . . . 89ft
200 50 Phillips Pet 34ft
300 .. Plerco-Arrew Moter 16ft
400 .. Plerce-Arrew Met pf 34
1500 .. Pierce Oil 7
3400 5 Pitts Ceal 62ft
100 6 Pitts Ceal pt 91
6300 .. Pitta & West Va 27
200 C Pitts & West Va pf 78 ft
1900 lft Pend Creek Ceal
300
2500
200
1500
16000
700
700
700
500
100
100
Producers Refiners
4 Pub Service efN J
18ft
27 ft
84 ft
8 Pullman 115
. Punta Alegre Sugar. 41ft
2 Pure Oil 33ft
. Pure Oil 8 102
. Ray Cen Copper ... 14ft
4 Reading 73ft
, . Replogle Steel .... 29 ft
. Repub Iren & Steel 49 ft
. Repub Ir & Stl pf . . 77ft
1400 5 V Royal Dutch N Y, 51
900 .. St Leuis San Fran.. 28
300 . . St L S W 27 ft
400 .. St L Southwest pf. 40
200 .. Santa Cecelia Sugar 3ft
200 .. (Savage Arms 14ft
'200 .. Saxen Moter 2
1000 .. Sears-Roebuck .... 67
300 .. Seneca Cep Cerp.. 14ft
400 83 Shell Transport ... . 40
3000 .. Sinclair Oil 21
800 .. Sless-Shefflcd 35 ft
200 .. Se Perte Rice Sugar 56 ft
2500 6 Southern Pacific... 84ft
1 200 . . Southern Rail 20 ft
400 7 Stand Oil of N J pf114
100 7 Steel Tube pf 70
.200 2 Stewart Warner Spd 34
'100 .. Stromberg Carb.... 41
17200 7 Studebaker 97
100 7 Studebaker pf 100ft
200 . . Submarine Beat Cor 5
100 .. Sweets Ce of Amer. 3
100 .. Tenn Cep & Chem.. 10ft
2200 3 Texas Ce 45ft
1000 . . Texas & Pacific .... 31
1200 1 Tex & Pac C & O. 26ft
900 2ft Tex Gulf Sulphur.. 44
2500 .. Third ave 20ft
300 6 Tobacco Products.. 60
100 7 Tobacco Products pf 92 ft
4200 .. Transcen Oil 9
900 10 Union Pacific 131ft
100 4 Union Pacific pf.... 73ft
200 .. United Drug 62
100 3ft United Drug 1st pf 44
100
200
2700
500
300
300
100
100 .
1600
700
14200
700
1300
400
600
1100
100
2500
100
300
100
300
500
100
1800
100
100
500
1300
1700
200
' 300
100
Lew
19ft
36
24
54 ft
5ft
42 '
28 ft
15
135'
46
56ft
28
58
S5ft
13
37
14ft
50
40
55ft
lift
24 ft
15
111
123ft
27 ft
13ft
29 ft
7
4
6
11
32
21
54
15ft
12
121
86
33
81
89
14ft
78 ft
29 ft
16ft
22ft
99 ft
73
57
42ft
7ft
79 ft
22ft
2
15
10
31ft
100ft
67
14
48 ft
56
51ft
7ft
35 ft
7ft
75
15ft
26
58ft
70
35
89 ft
89 ft
34 ft
16
. 34ft
7
61
91
26
78 ft
17ft
27
83
115
40
31ft
101
14ft
73 ft
29 ft
49 ft
77 ft
51
27 ft
27 ft
40 ft
3ft
14ft
2
- 6
14ft
40
21
34 ft
56 ft
83ft
20 ft
114ft
70
33 ft
41
96
100ft
5
3
10 ft
45
30
25
43
19
59
92ft
9 -
131
73 ft
61ft
44
141ft
44
29 ft
64
4
44 ft
95
59
58 ft
101ft
93ft
116
62
1:110
P. M,
Net
Cue.
ft
ft
ft
ft
ft
ft
ft
ft
3ft
ft
'
'ft
2ft
ft
ft
'ft
1ft
1
ft
'ft
'ft
ft
ft
ft
20
36
24ft
54 ft
5ft
43 46
56ft
28 -59
55ft
13 .
37 -14ft
.
50
42
55ft-
1 1 ft
25
15 -111
-123ft-27ft
13ft
4
6 -11-32-21-54
15ft-
12 -121
86
34
81 -89
14
78ft
29ft
99ft
73
57
42ft
7ft
79 ft-22ft-
2
15
10
31ft ..
100ft ..
67 -14-48ft-56
ft ..
51ft ..
7ft
35 ..
7ft
1
26
58ft
70 35
89ft-89ft-34
ft
16ft t
34 7ft
62 ft
91
27ft
78ft
18ft
27 ft
-14ft
73 ft
77 ft
51 27ft-
27ft
40
3ft
14ft
2 67 -
14ft
40-
21-
34ft-
HIGHEST FOR U. G. I.
IN OVER' TWO YEARS
Renewed Buying of P. R. T.
Carried Stock Within Shadow
of lop Price
Th. nnti- hlh antiihltshnt hv U. G. I.
at 43 was the overshadowing feature
of the dnv'n operations In the local
mnrkct. This 1m tne top price ier it
.ln.1 sin., inen. thfl hlffll lflgt Ytflr
was 41. ,The dealings were rnther
light, but the Mipply was scant. The
mnvfmitnr wnu inmrpcnv iibsuvihii-u
with the United States Supreme Court
decision yesterday Jn tne uonseuoaieu
Ons case. It was the broader bearing
of the Court's ruling that came In
for attention In that It was believed
te establish n precedent te the effect
that corporations cannot be held te
operate under rates that arc confisca cenfisca confisca
eory. Seme seem te think the ruling
by the highest court In the land en
this highly Important question might
pave the way for a satisfactory settle;
ment of the local gas problem.
There was fairly active buying of
Philadelphia Rapid Transit carrying It
tin te 25. or wthln nn cWith of the
high pric? of the year. The victory
secured yesterday by the company at
the Public Service Commission hearing
en the valuntien waR pnrtly responsible
for the renewed demnnd, but It was
likewise Influenced by the confidence ex
pressed by Mr. Mitten of the Flock Fleck
holders indorsing his mnnngement. The
underlying company shares remained
Most of the ether local nhares were
firmer. Electric Storage Battery con
tinued te climb en smnll trauing, reocii reecii
Ing 140, or 3 points above lout nlgbt s
closing and points above last week
tow. The Philadelphia Electric shares
were nlse fractionally hlshcr. Profit
taking In American Stores seemed te
have been completed and the stock
ruled firmer of 1)3; Yerk Railways pre
ferred gained a umall fraction, while
Wfcst Jersey nnd Seashore fell back I'M
points en licht offerings te 20, regain
ing a -VS point inter.
ft
2
ft
ft
ft
ft
i
ft
ft
ft
ft
ft
2
1
ft
'ft
ft
'ft
ft
"ft
ft
ft
ft.
ft
1ft
Philadelphia Stocks
32 . .
71 Vj..
23 ty
27
27 A
56ft 2ft
8 United Fruit 141ft
G United Retail Stores 44
,. U s C 1 P & Fdy.. 31 Kb
5 U S C I P ft Fily pf 65
, . U S Feed Products . 4
..US Ind Alcohol... 44
7 U S Ind Alcohol pf 95
..US Realty ft Imp.. 59
..US Rubber 58
8 U S Rubber 1st pf . 101
BUS Steel 94ft
7 U S Steel pf 116ft
2 Utah Cenner 63
. . Utah Sec 14ft 14ft
. . Vanadium Cerp 35 35ft
.. Va-Car Chemical... 34ft 33ft
.. Va-Car Clumlc.il pf 71ft 71ft
. . Vlvndeu Inc 8 8ft
. . Wabash 7ft 7ft
.. Wabash pf A 23 23 ft
.. Western Pacific... 19 19
C West Pacific pf 56ft 56
7 Western Union Tel. 94 93ft
7 Westlngheusu A Br 100 100
4 Westing K & M 56ft 56
4 White Moter 39 39
.. White Oil Cen' 9 9
.. Wick Spen St Cerp 14ft 14
.. Willys-Overland ... 5 5ft
.. Willys-Overland pf 29 27ft
.. Wilsen & Ce 39 39
8 Woolworth V W 148 148ft
7 Woolworth K W pf. 119 119
83ft-
20ft-
114ft-
70
34 t
41 -
97
100ft .
5
3-
10ft
45 ft
30-
25 .
43 -
20ft
59-
92ft
9 -
131
73ft .
62
44
141 ft
-64-
4
44 ft
95 -f
59 -58-101
94 -116ft
63
14ft r
35 ft
34ft 19
56 -94
100
56 -39
9
14 -5ft-27ft-39
148
199
ft
ft
1:15 Net
High Lew P. M. che.
20A11I Infuir 111 Mjf V,!Y v
lOfAllIs-Chal 40V 40'A W
100 Am Stores l3 03 03..;
r.Amltyspf 20 20 20 . .
netchiic Cep. ie ie iq
218 Elec Ster.140 144 14U d
50tOulfSStl. 70 70
ntOcn Mtrs 8 8
70 In Ce X A -.TO 32
40 Lnkc Sup. 8 8
25 Uh Nev.. 71 71
124 Penn Cent
Light pf nr 5'
018 Tenna R It 3.-. 35
40 Phil Ce c pf 37 37
W) Phlla Elec 23 23
202 de prcf.. 27 2i
40 ilewnrtpzift -"4 xi.j
1125 Phlla U T 25 25 25
"""??:: w mv 27ii
275ToneMln. 1 1 M-.'.,
710 U O I .... 43 42 42
220 de prcf.. 51 51 BlU,..
50WJer&8 20 20 20 1
10YerkRpf34 34 34
'tNet change made by comparlnen with lam
sale en New Yerk Stock Exchanue.
riHLADELPniA ntlNDS
1000 Liberty 2d 4s '42 07.18
800 Liberty 3d 4s '28 rcg.. 08.00
2500 Liberty 3d 4s '28 08.20
ir.nn i.it.ertv 4th 4Vls 3S 07.38
1000 Liberty 4th 4s '38 reg.. 07.20
5000 Liberty 4th 4s '38 0. .34
30000 Victory 4s '23 100.30
2000 Victory 4s '23 100.32
500 Victory 4s '23. . . . . . . .100.20
3000 Amer Ons & Elec 5s..lets 84
3000 Hell Telephone 7s 108
1000 Keystone Tel 1st 5 .!
1000 Phlln Electric 4s 1000. . . 70
11000 Phlla Electric 1st 5s..lets .;
500 Phlln Electric 1st Cs 00
500 Phlla Electric Cs.... .... 102
LOCAL MINING STOCKS
TONOPAH STOCKS
Cash Dey
Jim Ilutlcr
MacNamara
Crescent ,
Midway ..........
Mlzpah Extenilen .
Mentana
North Star
HeBCUe Eula
Tonopah Extension
Vet End
Weit Tonepan
ivS
Hid Ask
.OS ,IIU
.11.-. .oil
.03 ,117
.11.' .114
.07 .09
.Uil ,iH
.0.1 ,07
.02 .1.1
.10 .18
IV. IS
.70 .75
.112 .04
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
Ift
ft
ft
ft
ft
ft
ft
ft
2ft
Raw Sugar Active and Steady
vir VerU. March 7 The niw sUK.ar mar
FOREIGN EXCHANGE
New Yerti. March 7. The foreign
exchange market opened dull and lower.
Sterling nn e under yesterdays
cle-e. With the exception of guilders,
Swiss and pesetas, the neutral ex
danxes showed te better adv.in aSe
t the allied exchange.-. Dealings
were largely preiei.siui
CITY OF
PHILADELPHIA
4U Bends
Due 1952
Price at Market
Edward Lewber Stokes & Ce.
20 Seuth 15th Street
PHILADELPHIA
, U 3539 Locust 0345
lift cnntlnui-il i.ct nnd steady, with Cuba;
for March anil April anipim-iu luuir" m Shortly oeieiu '""""' ...-.---- ..
a.iu?ie :.c.. cust ar.M freiu.-it. and I'orte ! ' ' l '. ,ny wcre reached thus far,
TtiJe at a.nic. c.i t si y;tr' av ?: , "' ' Lu',P..,w.in,r iwt declines : Ster-
Kreildted about idu.iiuii dbbb i-uuun miw Wllll wie ".., i,-ln uw . iipe
and for March nd April clfaranre ttl,,, 7 c . frnncH 4 lJelKlnn Ka . lire
" a.lttc ta Ni.w Yerk and outpert rnn; Vi '.,1 MnrkH 1. Quotations were:
while "M0 tin Cubus for Mirch shipment I 11, mill .MarKN ' . .. 4 ;iwa .
era sold at I'.fUc. f. 0. 1 . Cuba for Hull- ster Ing cables 4.3!iyu (lemnnii "
Ux. ImporT-llens Included .17.000 ),nisi ?'"! ,.nbles 0.04, checks 1.03 J
libRH te the An.r'can. SuKar IleflnnK Coin-, tranc (anie . P,ecks 8.48: re
iu uil n iiiii "i.r'ii uatn i iii-iuiiiii ,- ... riji
cabes 5.12. elieciis e.ivji ii" ""
(Vntrnl European cxehnngw were!
Humanlnn .77 tlreek 4.58; Cncho Cnche
S&nin"nni3 PeIIhI, .0225: Finn eh
low ;
.. ! Illlll liULTSI
l'orte itlce" te the National Hueur KennlnB
S,; 4S.00e baua Culms te the Warner
I OmPilIJ r i. " . 1 a. mill l,air f'nt.i..
roUA?bucUlS'r"rethersT 5ue' baV- l'orte lilce.
In the trade and t.OOu bans San DomlnKes
in route W fanSda." The local refined roar rear
k"t l unchanued at B.KIc te 5 'JOc. leas 2
per cent for cash
unn. tn.lr nn .mew. a new
fiutuiarmn .14. unfchn.l.
Cnnndlan exv .- ;; - "".-
CROP OUTLOOK FAVORABLE
Increaied Moisture Improves Cen.
dltlens In Winter Wheat Belt
Washing-ten, March 7. Increased
moisture has Improved the condition eC
winter wheat In aKnsas, while a luck
of it hnu resulted In n peer condition of
the crop in parts of Nebraska, Colerado
nnd New Mexico, the Department of
Agriculture reported today m its crop
review for the last half of February.
In Illinois, Indiana and Ulile home
damage was reported from nlternate
freezing and thawing. Conditions were
Bald te be favorable in Central lows,
Georgia, North Carolina and Virginia,
while lock of hnew cover in Southern
Iown nnd Wisconsin was reported te be
retarding growth. Condition of winter
LONDON STOCK MARKET
V
.sSiTA?a.
FTTA
t. .1 n
'i
'JTM
Mmiiisen. Smith & Ce.
'V INVESTMENT SECURITIES
, iXL SOUTH 5TH STREET
&
1 Jenes & Lauehlin Advance i-nce fnVerable turn ion " .'',", rye was said te be generally favorable in
'hrtt!S:"t iiuin'rS'na'nT the " i '"clSnaluSnMnBe ,1m Centra. States.
""eSrrh'eU?.V.r0efrr;.y'!!:'e'a',rd 82Sl was weakVr. with tl. .U-ceum l The report noted Indications of a gen-
in si 50 per hundred pounds, -mi comparison y k ;l lt.iKi per i.v. cral tendency toward increased acreage
nr,i'a.ii"fc.,,;rlCeArt'u1nau.u: VEbTEHDAV'H Cl.OH.NO QUOTAT ONS Qf (,QUen( w Mng , fr
cenditi;H which have pi 7nKwer. ihaf th LmIind .Tfl" " ,. 55'H planting In riklahema nnd Texas and
!K."rl aVrii''VilerV.., niia, ceiirin,,- lg;K..n. ' . -n ViJ " I' nuting already done In Southern
Mural "shaP-H. wh ll.M ' ?" ''""-I I TOriAY'B fl'KNINO QUOTATIONS , T ' , Flnr,(,ai
Increased etrat ny In nilepemlent as e I Serlli,8 Friincs I. re (lulldcr; . ,,,.,.,..,. . ..... Men'8 fruit Crep
as Unlieu niaie.n. ....-.- ." ...4.:IUH U.m o.ie., ! i
Cables
Unprevement was slew and contained no sen-
aiienui c. ii ".
BANK CLEARING8
nank clearlf.-is today, compared with cer-
. s.
"r.TT,fcr" , IL.. ..i.Thtnii' ikd.4m.A2I SI2.7B4.M4 u.a hUhar InLesWan t
Demand,
Cables .
II M.
" ". . - .....
4..1UU w.lia e.iiiK
NOON QUOTATIONS
Sterling- Kranes Ure (Julldera
.-i?.1j r."' 'i'lft "-"
4.SUH 0.04
worn hnlil te be tenernlly favorable, al
though swne Injury wen reported le
fruit buds In Southern Wisconsin,
Livestock was reported te be In
-enuniiv wui PAndltien. and Jteaith.
with winter lpe,sMbt.:d pastures
iMd.rMIM auw VIMjlU&:
1..U ' i .. ,7t,l.i4
j7. , 7,m&m
Political Crisis Restricts Trade.
French Leans Sell Off
Londen, March 7. With the political
(ilsls still in the foreground, business
in securities en the f.teclc exchange was
restricted today. The markets lacked
leadership and were featureless generally.
There was light rcbuylng of oil hharcs.
Knyal Dutch was 35, Shell Trans
port nnd Trading 4 and Mexican
Eagle 3, Heme rails moved upward
again with tentlmcnt cheerful. Dellar
descriptions were nuiet and unelinnvpil.
Argentine rails showed mere Mobility,
but wcre net active.
Support was given te the gilt-edged
list, which was steady. French leans
sold off from the top en advices from
Paris, Dealings in Kaffirs were color
jess nnd confined te professionals. Hub-
tier issues were ipuci, nut hauler, in.
dustriulH were IriCKular. but the fWHnir
was checiful, Hudsen's Huy was 0,
DIVIDENDS DECLARED
Iiuiiaiui nuwMv 'ii iu niiiin.M. imarieriy
IS per cent en preferred, payable April 1
, te stock of record ilirch. 10.
ureenneia rap and uie uorperallon, uuar.
terly I'. en preferred, payable April l te
SIUCK u. irvuiil ..ii.i.ii lilt
Twin City Kapld Transit Company, nuar
terly tl.TIJ en preferred, payable April 1
te stock of record March 16, . "
Panhandle Preducing: and Itednlnir. m.u.
terly 13 en preferred, Payable Apr I 1 e
stock of record March !0, '
80 en
1 te
oter Company, JiuarUrly ll.ite
ieck of rtrerw llarck te
I31VIDE STOCKS ..
All'ed Dlvlde 0?',i .01
Alte Dlvlde 0 .pa
Helcher , "; "
llelcher Extension "- ."J
lien tiur '"i
Hreutth Divide :. .0J .011
Divide Extension U .14
Divide cow "j ."
Dividend 01 .0.'
Bast Divide "1 ,0a
Harmlll JJ ,1.1
llasbreuck Dlvlde 01 ,0J
lllk'h DjVde .. .ill
Knox l .0.1
Hevert Divide 0 .02
llcne Dlvlde "I .03
lleseta mVj .01
Silver Kins "" .03
Sutherlaml , ul
Tonopah Dlvlde .10 ,.13
Tonopah llasbreuck 03 .0:1
Victory Divide ni .113
VerdO Divide 03 .03
Zene os ,ou
QOLDFIELD STOCKS
IJoeth 112 .03
Combination Fraction 01 ,nj
Crackerjack 01 .ej
Dlamendfleld Illue null .oeia
KleremM -' .3s
Oeldneld Cen Ot .0:,
Oeldlield Dev 01 .nj
Oeldfield Deep 03 ,0,1
Great llend 00H ,111
Jumbo Extena en 03 .111
KewaiMi 03 ,11,1
Iine Star 01 ,ea
Ore .HOW
lied Hills "014 .iii2
Silver Pick et .0,1"
Spearhead 01 .02
MISCELLANEOUS
Amparo l.ep l.es
Arizona unueu 111 tu
uaieaenia
Eden
Emma Silver
Eureka Croesus
Eureka Helly
Hecla , . ,
Mether Lede
Nevada Hills
Nevada Wonder
Success
Tccepa Minimi
White Caps . . .
Wllbert
.03 .IM
-O'l .1.1
'.'!.7 H3
.'.VOH let
. 5'1 111,
..11.00 13,00
.'!! "-
': ? '.iiii
.01 .10
. .0.' ,04
. .01 .113
LIVESTOCK QUOTATIONS
riilniKe. March 7. CATTT.r n.in.
UiOOO l.uii. Kulrly actlvw, tfenerally btvudv
tm-ru in '!.. ...."
nn all cldfen
ycariinr .it;rii(
7.7nrwn,itu.
Ituitn iieceipiH, d.u'JU
' wpi Hieers, IU,35: Iirii
w.eu; ijuik, lieef eteem,
I
$100,000
Central Illinois Light Company
First and Refunding (New First)
Mortgage Geld Bends
Bearing 6 Per Cent Interest
Due April 1, 1843
' PennsyWanU State Tex Retrnksirsed kjr Company
Frae of ' 2 Par Cant, of tha Nermal Fadarar Income Tax
Central Illinois Light Company supplies electricity
for light and power, together with gas and steam heat,
without competition, te the cities of Peoria and Pekin,
Illinois. Adjacent towns and Intervening territory are
also supplied with light and power the total population
served by the Company being estimated in excess of 115,000.
Proceeds from the sale of these bends will-be used
te retire Peoria Gas & Electric Company First Mortgage
5s due January 1, 1923, and te reimburse the Company
for expenditures made in Improvements te property. With
this financing the principal of these' bends will be secured
by a direct first mortgage en the entire property of the
Company new owned or hereafter acquired.
Net earnings of the Electric Department alone equal
75 per cent, of the total net earnings of the property, or
approximately twice total annual interest charges of all
bends outstanding. Net earnings of the entire property
after taxes equaled, 2.28 times annual interest charges
en the total funded debt.
These $8,213,000 Bends are followed by $8,043,800
Capital Stock. Regular dividends have been paid since
organization in 1913 en the Company's $3,043,800 Pre
ferred Stock. Regular dividends are being paid en the
$5,000,000 Common Stock.
The franchise situation Is excellent Principal fran
chises extend beyond the maturity of the bends. These for
gas in Peoria extend until 1998, and in Pekin are without
limit of time. The electric franchise in Peoria runs until
1047, and the franchises in the smaller communities expire
at various dates.
Circular Describing Thh Issue en Application
Price: 96 and Interest
Te Net 6.35 Per Cent.
Biddle & Henry
104 Seuth Fifth Street
Philadelphia
The Information and statistics contained herein have been
obtained from sources which we believe te be reliable.
Increasing Earnings
t
are reported by Public Utilities in every
section of the United States. Certain
well-secured Public Utility Bends are
still available at attractive prices.
Write for Circular Ne. 7310
Bonbright & Company
New Yerk
437 Chertm Street, Philadelphia
Bosten Chicago
Detroit
Equalizing Your
Investment Holdings
rjELIBERATE STUDY of a list of investment held--'
ings often reveals unmistakable evidence either of
tee large a proportion of one class of security, or tee
small a proportion of another, or possibly the entire
absence of still another. This denotes that the list as
a whole lacks the inherent strength which accrues from
a mere equal diversification.. We shall be pleased te
make a careful review of your investments and te sub
mit for your consideration our recommendations of
conservative bends te amplify and round out your
holdings.
Sand far our Bend Circular Ne. It 18
Mmernl &Cq.
Bread and Saniem Sts., Philadelphia
New Yerk Baltimore Pittibarfh Wsisiniten
Members New Yerk, Philadelphia and
Plttsburifh Bleck Exchanges
hejil. Blew,
ami un te 110. no.
HlllJl-r iteceipis
20,000 head.
i
Slew.
i Kelly BprlngdeM Tire, quarterly II.
mwtm&wzwrie ,xr
First sales clipped Iambi about Me InnVr' InnVr'
ne woeltd lambs sold early, bldllr.u iil t,'.
Boe, iimeri Ijw fat ewes early i ,jii,,7i ,jii,,7i ,jii,,7i
outleok steady. f.ie.u,
PUUburnli, .March 7. HOC1S nec-lnt.
JOOO head lyewer. Heavies. III. 83; heS'.",!
V ..',l"l. VM I ....... .. .
Plii.r.1 rtei' im.tiim tieceipig "'00 hr-ml
8,e?dJ..3"' h,,','ei 'l,-no- " lambs, in" "
CAIA'KM Itctelpts. "5 hem) "a! .......
top, nn. "".
K.ist , lliiffale. March 7 r ATTI.U it
IBS head. , Kitty cms higher 1310 ft i' ' '
ihiue iii'ieii'is, wiiii head Hteadv
I,.
snaei nianer. ueavy lll.nuvl1.7A. ml..
ll.il.-ill.ini: vurkers. l i.ta Je I-- i
yerkers. III. M 11.7ft: pies. 11 "ViS iiW.
reuuhs. lii,r,ufti.7fti mhks i ifn .-.-(3 ll.oe:
fc l,Brt:-! ft.?u...?AH!. ! il.u. ssoe
iivumi i"'i .mv inHiicr hi Niy'iiij.'v
MONEY-LENDING RATES
tiYAV YORK Meney en call, both u.
j( collateral, opened today at 4V4 per c.Sf
Jer lending and renewing, n pr ""'
. KHIlUKWHIA Call. B per eenti tlm.
B per cent!,oemmfrcla pptr7 three !
mantns.' 6 per cent. ""ri "rt te si(
We beg te announce that
Mr. James K. Watt
has become associated with us in
charge of our Department dealing
in Unlisted Securities.
GARRISON & CO.
W1DENER BUILDING, PHILADELPHIA
Ph.. A I m "a"!! TSUPHON"
Philadelphia Stock Baching. Ph.laeiuphu Sfrua 8370
New Yerk Stock Eichsnge Nlw Ye.K Rttlir 3672
1
1
'Wmtt.. 'f.tJf-.mi
$;m?W&tt'Zi''
wte'AfftA&tMjf
t!5 . ,i
.AAtttaMdvJ..ijaiiiai!bEaaa
ateISi4W.J
i2
tV
wmmti,.