imri
EliH
mmtmmmmjAwmmijm&g
i"E
Mv
TM
EVENING PUBLIC LEDGER PHILADELPHIA, SATURDAY, MARCH 25,- 1922
MBs'ftY
ire, nv
114
HI
& I
h 1
k I
b
In
M
1;
.ml A i
i A
vm?
t,'.r
Spruce 8200
United States
Treasury
S f FRTIFIfATFS
BECtmiTIKS DEPARTMENT
COMMERCIAL
TRUST COMPANY
Member Federal Reserve Rrtm
City Hall Square West
CLOSING
MARKET
VERYJRREGULAR
Reactionary Movement Re
garded as Temporary Halt
in Constructive Campaign
1 NEW YORK STOCK EXCHANGE TRANSACTIONS
Safe Bends for Investment
Halsey, Stuart
& Ce. Inc.
IVaaelTittaBUg. TtUpSen Ucml 7it0
C. S. PAT 1 UN & CO.
sit chestnut am.
BANKERS
Snceessnrs te
eAii.rr. k sTFAnNNOjc
Bend nnil slnel hetiirht ana sell.
Mmhr 1"i'l Steek Variance.
ASSISTANT TREASURER wanted,
resident or non-resident, who can
take or place $10,000 te $25,000 firat i
mortgage 7 'c bends, feed-packing
corporation en railwny, with post pest
office and ever 1000 acres; beautiful
Piedmont section; high nnd health
fill. C 627, Ledger Office.
, Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
icsn Hl'AI. ESTATE TRUST I1LDO.
InvesUnate unit adjust corporation and
r.artnrshln account and prepare Income
Tux Return
MCowit&Ce.
Land Title Bldjj.
Members I'blla. block Exchange
VG
PIN.VNCIAL
rENN-MARY COAI. COMPANY FIRST
MORTGAGE 0 PER CUNT BONDS
VVV. 1930.
Pursuant te terms of Mertuae. dated
April 1. Wen. J64.O0O of said bends, num
bered as below, have been drawn for re
eruption by Sinking Fund at mi and
accrued Internet, an of April 1. 1022. when
II Interest thereon will cease.
12
IS
24
44
133
13D
140
1
287
MA
118
332
381
83rt
8IT
301
3S'J
481
347
'172
710
713
768
71)4
709
837
818
851
030
1132
1141
1161
071
OH I
1100
DOS
1037
1047
1060
10S4
1110
113S
1100
127S
viz.:
KM)
J 3011
1312
1322
13US
133S
13.18
1403
1104
1400
1400
1317
1S1S
1607
1704
1711
1713
1717
1710
1777
Above bends, with all unmatured coucens
attached, should be presented for payment
at office of Trustee en or after April 1. 192.
OIBAIID TRUST COMPANY, Trustee
THOMAS S HOPKINS. Treasurer,
rmiadelptila. pa.. March 11. 1022.
Netice te hei,ut:rs or earkktt
COUNTY COAI, AND .MINIMI COMPANY
'IhT MORTGAGE 6'
Under the Slnkln Fund prevision- c" the
Mortgage ealed offers will be reini-d until
P. M April 5. 1922. at the ..Ilk. of th
Pennsylvania Company for Insurances en
Lives and GrnnUnc Annuities, Trustee for
the sale te it it th lowest price net -xceeU-Ing
102 and accrued Interest, of us many
bends as lift 2S3 74 will purchase
All proposals should be addressed te the
nnderslcred
THE PENNSYLVANIA COMPANY FOR
INSURANCES ON LIVES AND
GRANTING ANNl'ITIES
S17 Chestnut st.. I"tllH.. Pa.
"Proposals fr sinking Fund Oarrett Ce
Ceal ft Mlnlnsr Ce."
Aniiii.il Meeting
BT
JOII.ONIirU(. RAILROAD
COMPANY
General Offlee, Urn til street Stiitlnn
Philadelphia. -J.'th March 1II2"
The ANNCAL MEETING of the st ,-kheld-rs
of tins company, and an elect i ,n for
president and directors, te rve fJr the
ensulnif year, will b hd at tins ettk, nn
Menday letli April, 1022. ut n ..'ci.mk .
LEW IS NElLhON s r inrC
Proposals
OFFICE OF TIIK
COMMISSIONERS OF FAIKMOUNT PARK
187 CITY 1LYLL. PHILADELPHIA
March 23, 1022.
Sealed proposals will be received at this
rfhee until 8:18 P. SI., en Tuesday, April 4.
1BCS, for the following supplies and works works
Ceal. Tep dressing reads with read oils.
River Wall.
Erection of Publle Comfert RuJIdlnir
Full particulars as te form and 'even
requirement of the propeeal with the neceV.
yary Bpecincatlens and blanks, may be' ob
tained at this office.
Ttie Commissioners reserve the rirtt te
reject any or all bids. "eat t0
memt0Park.0f th cmml"!" of Fair-
aum conse.v,
Chief Enitlneer
FOREIGN EXCHANGE
New Yerk, March 2,1!. FnreiRn ex ex
chanee market opened cjulet. There were
no changes in quotations ns compared
with yesterday's linal figures in sterllna
Belgians, lire, Swedish und Uutch ex
changes. Frnncs were down a point
Swiss down 3: peseta down 2; DanMi'
down 5 and Norway, as usual runniu"
counter, Miewed a gain of ft points "
Following the opening the market
Continued dull and quotations were
nominal, with conflicting rates within'
range of a point en the leading
classes. Sterling nnnenred f.rn,r 71
4.38 for cables, 4.3Si's for demai.l
Francs varied from a OS te 9.05y. fcr
cahles, with a point dlfference in each
case for checks. Lire were quoted a
point apart hy some of the interna interna
tienal bankers at .-5.13 te 5.14 for cable,
nd B.12V& te fj.ia ferch?cks Sew"
injf the sluggish nature -of the market
Marks nlse varied half a point en quo que quo
tatiens at from .31 te .31,. '
The Central European eichnnees
were quoted today as follews: Hull
farlan, .70 : Ruiaunlau. .72U : Serbian
,23; G'wk. 8s Czecho.-Slevai; tn
1'78.!.lelV.X02;,,! 'nnlsh. 2.0S
, Austrian, .01-10; Hungarian, .11
The premium en New Yerk ftind.s in
Montreal today was net apprecluhh
changed nt 2 per cent. The discount
en Canadian funds in Sf.w Yerk (
2 9-1(1 per cent. ' ,wii'1
TESTt:nDAV'S CLOSTNG QUOTATIONS
Hterllni; Krancs Lire GuiMnr
Demand ... I.SSJ, d.em, B.isV "st'tS
Cables .. .. 4.33'i 0.07 5 14 37 g?
TODAY'S OPKNINQ QUOTATIONS
Sterling Francs I.lre Qulldere
Demand 4 3f 0.03 r..l2t, 37 60
Cable ... 4 SS 0.01 r,.3 37!lj
cuaaisa quotations
Sterling Francs Lire aulldem
Deetand 4.3MI 0.04 n. j-j "374
Cables .!.... 4,3i)S U01H B.uh iiSJ
RAILROAD EARNINGS
NEW YOUIC CENTRAL
'.'I'.n .'.?.. Increase
airy ress .... il.U12.337 M.013,347
rafter tax .... 3,434.802 3.L'0t).H04
,JMlhS' gross.. , I MS. 003 1,833.032
llMter tax,,, 7,0311,013 7,120.882
'W?'fifieuTicnN uiliTUNn
iLtJJMc'rT ttvz; ...
HiHSiYH . -
New Yerli, Mnrcli 2."!. The usually
week-end evening up operations of the
professional traders produced consid
erable irregularity in price movement in
tedaj 's closing stock market. In its
general characteristics the day's brief
market differed very little from the pre
ceding session and indicated continued
presence of strong cress currents. The
steel, equipments, meters and their sub
sidiaries helped te lift the overage of
prices in the early dralings, the mnihrt
benefiting by the favorable overnight
developments in the passage of the
Four-Power Treaty, optimistic re
marks nf Judge (Jury regarding the
steel industry outlook and liberal sup
ply of leanable funds, Several of the
mere prominent peel issues, including
.Stiulelmker nnd Kel.vy Wheel, mailenew
high records. This was offset by fur
ther profit -taking and peel liquidation
in some of the recent active speculative
leaders. Toward the end of the first
hour the general list showed n. reaction
ary trend us result of the increasing
weight of the realizing sales nnd some
fresh short selling. The recessions, how
ever, were small, anil in most eases net
changes for the day were unimportant.
A spceuieular advance of mere than
ten points in AVoelworth was an out
standing icnttire of the late trading.
Latin-American Issues were the only
prominent exception te the linn tone
of the bend market. Argentine "s nnd
Cuban Republic -ls forfeited 1 point
eapii ma-1ss .H were especially strong,
rising lJi points, nnd Trench Oovern Oevern
ments nnd municipals, ns well as Hel
gian isHues, al'e improved with Chile
Us ami Cuba Cane 7'-js. Demestic
rails were mainly better, especially
I'liien Pacific -Is. .Missouri, Kansas and
Texas adjustment .". St. Paul Refund
ing 41s, Oregon Short Line -Is nnd
Vorfelk nnd Western Convertible (is.
Liberty and Victory issues were steady.
The week's operations in the stock
market brought out two well -defined
'ondltleiis. Plrst, that the constructive
meement In the main body of stock
for the time being at least has been
checked. Secondly, there was In ex
Isti'in'e 11 fairly geed-sized and aggres
sive bearish interest. The main result
was a week of conflicting and confusing
price movement. The stnblllty of the
market in consequence was put te a
rather severe test, but considering all
the surrounding influences and elements,
it relatively gave a very geed account
of itself and had it net been built upon
such 11 sound nnd solid foundation it
is quite certain the reactionary move
ment would have reached much wider
proportions. The moderate backset
must be considered in the ilght of a
healthy rather than nn unhealthy (level- 1
npment. for there had been verv distinct
signs .f the general list, and meie par
ticularly the specialties, becoming
slightly tired nnd overbought.
Proof of the inherent strength of the '
general market was forcibly exemplified ,
In the comparative calmness with which
most of the week's disturbing events 1
were received. It is true the pas-age of
the soldier bonus bill by the Heuse had '
for some time been looked upon as a
foregone conclusion. The sting of tills 1
unpopular bit of legislation was te some
extent modified by the growing confi
dence of n drastic revision of the pro pre
visions of the bill before It leaves the
Senate or reaches the White Heuse.
Preparations for the nation-wide coal
strike furnished anything but a pleas
ant outlook, but sticking closely te the
long-established tradition of the street
"neer te sell stocks en strike news"
the threatened walk-out of the coal
miners en April 1 did net cut much of 1
a figure as a market factor. In the re
duction of the Northern Pacific dlvi- '
dend from 11 7 tee ," per cent per an- I
num, the reactionary party found their 1
best nmmtinitlen. The action of the 1
beard was open te divergent interpret!!-
tieits, but in mere conservative circles 1
was regarded w itli favor nnd was net
considered as having any unfavorable
hearing en future railwny earnings. As
for the railway traffic outlook the In
creased car loadings reported virtually
in all sections of the country Indicate a
gradual but consistent improvement of
the entire transportation Industry.
Offsetting these Irritating specks en
the financial horizon is the circumstan
tial nnd direct testimony of uninter
ruiited nreirress In hrlnclnc both fun-
damentnl and economic conditions te a I
degree nppreaching normalcy, net only
irein a domestic viewpoint, out inter
nationally as well. The steel Industry
seems te have struck a real gait toward
better conditions, and it is estimated
the active capacity for the whole indus
try Is new nreund 60 per cent, which
is the highest reached In sixteen
months. Only a few months age It
was down te 35 per cent. In the mean
time money market conditions remain
easy nnd during the week rate for mer
chants' leans fell te the lowest since
1017. while the reserve ratio of the
Federal reierve banks was the high
est since this country declared war
against Germany in April, 1017.
N. Y. BANK STATEMENT
Demand Deposits Shrink $87,798,-
000 Excess Reserve Decreased
$1,589,00
New Yerk, March 25. The nctual
condition of the Clearing Heuse banks
and trust companies for the week shows i
that they held $17,571,820 In excess of!
legul requirements. This is n decrease 1
of Sl.fiSO.OOO frum last week. Leans
and discounts show a contraction of 1
M0 !I7S 000 and demand deposits fell
off s.s,7,7S!i,000. The decrcuse in lia- '
hilitie, however, was partly offset by '
the decrense of 512,56.), 000 in reserve I
cri'dit at the Fede.al Reserve Hank. '
Details follew:
AVERAGE 1
7
12
3
Div.
Sales In $
100 ..
103
200
200
1200
1700
GOO
200
300
500
2500
300
600
800
100
103
200
200
100-
200
3200
2600
1000
600
500
1500
500
1100
300
100
4100
1200
500
6000
300
200
100
600
300
2400
500
500
1300
300
200
700
100
100
500
100
100
200
7300
200
5100
700
800
1600
9300
600
2100
5800
3700
100
600
2100
100
300
830
500
. 1500
900
300
200
800
200
400
5600
700
200
100
1100
600
200
700
300
1000
1C0
800
100
100
100
1600
700
14600
800
600
330
100
600
400 .,
500 ..
100 (
1500 4
1300 !
800 .,
800 ..
4300 . .
3100 ..
2800 . .
200 6
200 1
1030 I!
2300 .,
800 E
900 ..
200 ..
3700
800
200
8700 ..
200 ..
500 ..
1300 ..
100 -
6000 . .
200 6
100 6
100 ..
100 7
500 ..
600 ..
500 7
3Q0 4
100 ..
300 ..
100 ..
200 ..
100 ..
300 ..
1400 ..
500 ..
700 ..
700 ..
2000 . .
1000 ..
900 ..
830 ..
100 2 hi
1000 i
100 ..
200 6
400
400
100
3730
800
300
3700
100
2500
K 200
100
200
700
700
30 JO
100
11 ji
70J
1930
STOCK High
. . Atlnms Hxpress ... 65
. . Advance Rumely... 15
. . Alaska l3e!d Mines.. H
4 Air Reduction 54
i. AJax Rubber 1'
4 Allied Chem & Dye. 63ii
4 Allls-Chalmers .... 45 Ji
. . Am Agrle Chcm. . . . 39
.. Am Agrlc Chcm pf. 65
.. Am Ueet Sugar.... 40
.. Am Besch Magneto. 45
. . Am Can 45 ?s
12 Am Car & Kdy.... 155
.. Am Chicle 11M
.. Am Cotten Oil 24
.. Am Cotten Oil pf. .. 54
. . Am Drug Syn 5 JS
8 Am Expres 13314
.. Am Hlde Leather. 15(4
. . Am Hide & Lcath pf 68 li
7 Am Ice 108
.. Am Intcrnnt Cerp. . . 4314
. . Am Linseed 34
6 Am Locomotive. ... 108 Ka
4 Am Radiator , 85
.. Am Safety Razor.. 7
.. Am Ship & Cem 14!s
.. Am Smelt 51
Am Smelt pf sejs
Am Snuff 124J4
Am Steel Foundries 36 Tj
Am Suear Ref 69
6 Am Tel & Cable CO
9 Am Tel & Tel 120'2
12 Am Tobacco 1 37 V
12 Am Tobacco R....132H
. . Am 'Waterworks. . . 11
7 Am Woolen 86 Js
. . Am Zinc Ld & Smlt 14U
.. Anaconda Copper.. 51
.. Ann Arber 18'i
.. Ann Arber pf 49(.J
4 Asse Dry Goods. .. . 54VJ
6 Atch Tep & San Fe 96
G Atch Tep & S F Pf E8
.. Atlnntlc Fruit 3?i
.. Atlan Blr & Atlantic 2J
7 Atlnntlc Coast Line 91
.. Atl Gulf & W I S S 28
.. At G & W I S S pf Z0W
7 Atl Rellnlngr pf 115
.. Atlas Tack Cerp... 20
.. Austin Nicholas.. 2814
Austin Nich Ine l)i 83
Baldwin Locomotive 108
Baltimore & Ohie.. 38 Is
.. Batepllns Mining... 1
6 Bethlehem Steel.... C6
B Beth Steel B 72
7 Beth Steel 7 pf . . 92
. . Beeth Fisheries..,. 7J4
. . Bklyn Rapid Transit 19 14
. . Bkln R T ctfs of dep IB Ji
7 Brit Em Steel 1st pf. 62
8 Burns Bres A 128
2 Burns Bres B 41
7 Burns Bres pf 96
. . Butte Copper & Zinc 6
.. Butte & Sup Cep... 16
.. Cadde Ccn O & R. . 12
.. California. Petrel... 50
.. Callahan Zinc & Ld 6
10 Canndlin Pacific. .. 136 V
.. Carsen Hill Mining 16
.. Cen'ral Leather ... 36
. . Central Leather pf. 71 H
.. Certain-teed Pred.. 47 Vi
6 Chandler Meters .. . 72
4 Chesapeake & Ohie 61
.. Chicago & Alten.. 5'J
. . Chicago & Alten pf 1 1 T5
.. Chi ft E 111 (new).. 22 Vi
.. Chi & E III (new) pf 42 Vi
.. Chicago & Gt West. 77;
.. Chi & Gr West pf.. J9
.. Chi Mil & St P 22Vi
.. Chi Mil & St P pf.. 36
4 Chicago Pneu Teel 68
E Chi & Northwestern 70 t
Chi & Northwest pf 1 1 1
. Chi R I & Fac ou',2
7 Chi R I & P 7 pf 92'4
. Chile Copper 17Vs
. Chlne Copper 27 li
4 Coca-Cela 50 Vi
6 Celum Gas & Elec, 82
. Celum Graphophene 3J8
4 Cemput Tab Rec. . 5TS
, . Consel Dls Ins
7 Consolidated Ges..108Vi
. . Consel Textiles.... 13Vi
. . Continental Can. .. . 61 Vi
Continental insur. . . ceva
Cern Products Ref. 104
Ce.sden & Ce 35
Crucible Steel 57 Vs
Cuban Am Sugar. . . 21 Vi
Cuban Cane Sugar. 14Vi
Cuban Cane Sue pf 32
Davisen Chemical.. 56 Vi
Del Lack & Western 1 1 5
1 Deme Mines 27 Ja
12 nice Storage Bat.. 149
.. Elk Hern Ceal 20 JJ
5 Endlcott-Jehnson . . 83
. . Erie 1 Hi
.. Erle 1st pf 17 Ji
8 Famous Players L. . 79 Vi
10 Fisher Bedy 104
8 Fisher Bedy of O pf 94
.. Flsk Rubber 17
. . Freeport Texas .... 1 7 Ji
. . Gasten Wms & Wig H
.. General Asphalt... 59Vi
7 General Cigar pf..101V2
.. General Meters.... 10
6 Gen Meters pf 76
6 Gen Meters deb 6 75
.. Goedrich B F 39 VJ
7 Goedrich B F pf... 84
.. Granby Cen M & M 27 Vi
.. Gray Davis IS
7 Great Northern pf. 72
4 Great North Ore ctfs 36
. . Greene Cananea Cep 27 14
.. Guantanamo Sugar. 12V4
.. Gulf Meb & Ner pf 25 Vi
.. Gulf State Steel.... 72
.. Hablrshaw El Cabla 2
.. Housten Oil M
.. Hupp Motorcar.... 15
.. Hydraulie Steel.... 8Vi
.. Indlahema Ref 3
.. Inspiration Cen Cep 40 Vi
. . Interb con Cerp. ... 3 (i
.. Interb Cen Cerp pf 8'2
.. Internat Agricul... 10Vi
.. Int Agricul Cerp pf 39
Int Cement 3J?8
Inter Comb Eng... 26!i
. Int Mer Marine.... 15V2
6 Int Mer Marine pf.. 70 !i
. Internat Motertruck 35 U
7 Int Motertrck 1st pf 76 Vi
7 Int Motertrck 2d pf 68 U
. International Nickel 16 94
. International Paper 45
6 Inter Paper pf stpd 62
,. Invincible Oil Cerp 18
. Iren Products 29 V
, Island Oil 1 's
. Jewel Tea 18
, . Jewel Tea pf 61 Vi
. Kan City Southern. 25
. Kansas i Gulf 3
. Kelly-Spg Tire 44Vi
Kelsey Wheel 102
7 Kelsey Wheel pf. ..100
. Kennecett Copper., 29
. Keystone T & It.... 17J&
0 Kiesge S a UH4
Lew
65
15
53
16H
62
44 Ji
39
65 Vi
39 Vi
43
45 H
155
10
24
54
5Ji
133
1514
68 Vi
107
42 Vi
3314
107
83 Is
7
13
51
96 J4
12414
36
68 Vi
60
I19V4
136V4
132
11
86
14Vs
50
17 Yi
48 Vi
53 Vi
96 Vi
67 Ts
3
2!i
91
27 Vi
20 Vi
115
19
26 Vi
83
106
37 Ts
Hi
C5Ja
70 Ta
91
6
1614
17'
02
126
'OVi
96
6
26
11
50
6Vi
136
16
36
71
45
71
60 Vi
5Ts
11J4
22'
42
7
18
22 i
36 Vi
C8
69
111
39
92 K
17
6
48
81
3 'a
65
107
13Vi
61
68 Ji
104
35
56 Vi
21 'A
13Vi
3Hi
55
1 1 4 14
27
146
20 Vi
82
11
17
79
102
94 Vi
16
17VJ
58 Vi
101 Vi
10Vi
76
75
3914
84
27
17!i
72 Vi
35 Vi
27 H
V-
25 Vi
72
2
74
Vi
7
3
Vi
Vi
H
K
"zVa
U4
74
H
'
Vi
V4
Vi
1 .
14
IK.
1
Vi
!4
V4
" V
" Vt
1
1
ii
i
li
v.
1
IS.
14
Hi
1
14
14
Vi
1
A
Vt
Vt
1Vs
Ji
2
1
v
Vi
Vi
Vi
Vi
Vi
14
2
This wk
til (ISO 3i)0
r.'T 2 10 000
. 103 1)1.(1,000
Last weK
J32.S4I. 730
r.47.012 0 .1
1 373 5S7 ijOu
retal sales, 427.5O0 shares, compared with
2
7Vi
9!i
38 Vi
33
26
15V4
70
34
76 K
fBVi
15?i
44
62
17
29 Vi
1
18
61 V4
25
4
43
99
100
29 Vi
17
136
B34.300
Today's Net
Clore Chge,
65 14
15
4
65V4-39V4-4414
45 ,
155
1 1 Vi
5J4-
133 -
15V4
68 Vi
108 -
42V4-3314-
107--85
7-1394-51
-96?s
124V4
36 Vi
69
60 -
119
136 V4
B6!i-
1414
50Vi-
1 8 12 -
48-
54
SG14
88
3Ji4-
214-
'91
28 -
20V4-
115
19-
27
83
106-
37 J4 -H4-
C5J4
70r. 92
714
1814
18
62 -1?6-4014-96
-
6 -26
12 -50
-
6
13614
16
36 -71
-45
-71
Vi
60 Vi
5JS -1
1 7a -
22 Vi
42
7
69
111
.
17 -26
-49
81-
314
(5
,
107
13 61 -6814
104 -3514-56Vi-2114-14V
32 V
55-
114'4-
27 74
149
201i
82 -11
17 7S
79
104
94-
17
17V4-
58
101 Vi
-75
-39J4-84
27 -17V4
12 -25V4-72
-
2
74
15
40J4
'.614
15Vi
H
18
29Vi-
H4
18
V
1
- Vi
'
H
174
H
'Vi
Vi
Vi
1
1
14
Vi
'
M
Vi
22
!'
14
Vi
'
H4
'A
V
'A
14
' '
Hi
'A
A
14
174
1
Hi
Seles in I STOCK Hlnh
300 .. Lackawanna Steel.. 49
100 . . Lnke Erie A West. . 16
WK 2 !,, Rubber Tire... 33
100 SU 1hlirh Vnltev SHT4
500 12 Lltnrntt A Mvnrn. .. 160U
7 Lima Locomotive . 106
Loewo Ce 1 5 Vi
1 Left Candy 13
12 Lerlllnrd Tobacco.. 148
7 Loulsvllle & Nash.. 11414
.. Mclntyre Pere Ml.. 20
Mnlllnsen A Ce.... 21
7 Mnnhat Elev Guar. . 39
2 Mnnhat Shirt 3914
.. Market St Rwy,... 7
.. Mar St Rwy pr pf.. 56 Vi
.. Mar St Rwy 2d pf 13
Marlln Oil 25 Vi
.. Mnrlln Rockwell... 25 V4
.. Martin Parry 26
.. Max Class B 18
i May Dept Stores. .. 113
200
400
500
200
' 100
2200
100
2100
4700
200
500
100
500
5000
200
1700
900
7700
200
12 Mexican Petroleum. 118V4
X AT(mI rtHMa ITU
01.20 Middle States CerpJ 13
8300 .. Mlrivfiln Bl 1,12
. Minn & St L new.. 9
. Me Kansas A Texas 57e
. Me Kan & Tex (wl) 13
. Me Kan & T (wl) pf 34
. Missouri Faclftc.... 21
. Me Pnclt: nf 53
8 Mentana Power.... 66
Montgomery Ward 16 14
Mulllns Bedy
National Acme
Nat En & Stamp..
National Lend
Nat R R of M 2d pf
. Ncv Cen Copper...
N Y Air Brake...
K 'Van, -na.1. r-.-!.....
inn m.T """ "" v-tnirui.
00 It e,V Yerk Deck..
IUU K Mfinr Vnrlr T1l.
6330
500
200
100
600
2300
400
1900
100
200
500
4300
300
200
800
100
100
3200
29
16J4
35
087s
4K
14
624
86 Vi
30
54
300
200
300
1700
100
2100
4300
200
100
100
100
1500
2100
1800
2900
1400
300
2900
2000
300
1600
100
100
100
1200
300
800
100
100
300
100
100
4200
1400
3200
300
300
1450
100
600
700
400
200
430
200
1600
3800S
100
1000
400
430
300
500
100
500
2500
4100
100
600
7300
800
1800
900
300
00
400
100
100
200
330
27600
200
630
100
100
800
2300
O New Yerk nnett nf
. . New Yerk N H A Hi 20
Z New Yerk Ont & W 2374
.. Norfolk & Southern 20
7 Norfolk & Western 101
3 North Amer ctfs... 55 Vi
5 North Par 75
Okla Pred A Ref... 2Vi
Ont Silver Mining. 9
. Orphcum Circuit... 19
Otis Elevator 136
Otis Steel 1174
- Otis Steel pf 5314
2 Owens Bett Mach. 31 14
-. Pacific Devel Cerp.. 974
6 Pacific Gas & Elec. . 68
3 Pacific Oil 49
6 Pan-Amer Petrel... 53
6 Pan-Amer B 48
.. Parish & Bingham.. 1414
2 Pennsylvania It R. 37 74
.. Pcnn Seab'd Steel. 8
-. Peoria A Eastern .. . 1 6 Vi
.. Pere Marquette 27
5 Pere Marq prier pf 7014
3 Philadelphia Ce ... 37 H
.- Phllllps-Jenes 85 Vi
2 Phillips Pet 35,
.. PIcrce-Arrew Moter 16
.. Pierce Oil 87J
6 Pitts Ceal 6Hi
6 Pitts Ceal pf 93
. . Pitts A West Va . . . . 27
1 Pend Creek Ceal... 18
6 Pub Sv Cerp of NJ. 85 Vi
8 Pullman 125
.. Punta Alegre Sugar 38
2 Pure Oil 30
8 Railway Steel Spg. 97
.. Ray con Copper. . . 144
4 Reading 737s
2 Reading 1st pf 4314
2 Reading 2d pf 46 Vi
.. Remington Typewrit 36
.. Replogle Steel 31
.. Repub Iren A Steel 52
2 Rep Iren A Stl pf. 77
.. Republic Meters. ... 7
. . R J Reynolds Teb B 44
20 Royal Dutch-NY.. 53V4
1 St Jeseph Lend.... 13 ',4
. . St Leuis San Fran 2814
.. StLSW.'. 28
.. St L Southwest pf.. 42
.. Sapta Cecelia Sugar 4Vi
. . Savage Arms 16Vi
. . Saxen Moter 3 14
.. Seaboard Air Line. 4
.. Scab Air Line pf... 1014
oears-ueeuucK .... 1 1 '2
7 Sears-Roebuck pf..103
.. Seneca Cep Cerp... 13
. . Sinclair Cen Oil 25
. . Sless-Shefileld 42 Vi
6 Southern Pacific... 8574
.. Southern Rail 21
.. Southern Rail pf . . 52 Vi
Standard Oil of Cal 95 li
Standard Oil of N J170V4
Stand Oil of N J pt114Vi
Steel Tube pf 79
Stewart Warner Spd 26
. Strembcrg Carb. ... 46'4
7 Studc-bakcr 107
. Sub Beat Cerp 5 14
,, Superior Oil Cerp.. 5
. Sweets Ce of Amer 4 14
. Temt Cern A F "A"
. Tenn Cep A Chem..
3 Texas C(-
:;s
11V4
43
700 2i,4 Tex Gulf Sulphur... 42
317a
25
20
118
1500
1200
900
100
100
300
100
3600
600
800
1200
tee
900
930
300
3100
200
1500
100
690
100
12300
1830
1230
500
4100
700
100
300
1200
6200'
100
100
300
100
200
100
800
300
2000
830
2100
430
100
1500
300
200
Texas & Pacific. . ,
Texas A Pac C A O
Third Ave
Tidewater Oil.
. . T S L A W pf ctfs B 34
6 Tobacco Products.. 61
7 Tobacco Pred pf . . . . 90 Vs
.. Transcen Oil 9
6 Union Bag A Paper 57
.. Union Oil 17
10 Union Pacific 132V4
7 Union Tank Car pf. 103
. . United Alley Steel. . 31 li
8 United Fruit 137
6 United Retail Stores 44V4
.. U S C I P A Fdy.. 3514
..US Feed Products. 574
.. U S Ind Alcohol... 4774
..US Realty A Imp. 59 V4
..US Rubber 61
..Us Smelt A Ref.. 35V4
BUS Steel 9574
7 U S Steel pf 117 7s
2 Utnh Copper 63
.. Utah Sec 15
.. Vanadium Cerp.... 39
.. Va-Car Chemical. . . 34
.. Va-Car Chemical pf 73 Vi
.. Vlvadeu Ine 10'4
.. Wabash 91i
.. Wabash pf A 28V4
1 Weber A Hellbrener 13
.. Western Maryland. 9
.. Western Pacific... 20 Vi
2 Western Pacific pf. 54
7 Western Union Tel 9614
4 Westlnghouse A Br. 86
4 Westlngh E A M.. 57
4 White Moter 40
.. White Oil Cerp.... 97s
.. Wick Sp.nc St Cerp 1414
.. WUlya-Overland ... 8
.. Willys-Overland pf 41
.. Wisconsin Central.. 28V4
8 Woolworth F W...167
43 - Vi
100 1
100
2914 ..
17-
138 2
shares yesterday. Thus far this week, B,2S7,000.
4 Worthlngten Pump.
.25 Wright Aero
49 Vi
814
lxivr
4814
16
32 Vi
5B74
15974
106
1474
13J4
148
114V4
19VJ
21
.38
,38
7
55 Vt
13
25 V4
2414
26
18
112
117
27
13
33
9
57s
12
33 Vi
21
52
66
16V4
28
14
34 V4
88 14
4
14
6214
85
30
54
1914
23
20
101
5514
75'
214
9
18
13514
.1174
5314
31 H
9
'67V4
48
53
4714
14'4
37
8V4
16
27
70'
37 Vi
85 Vi
35
16
8
6H4
93
27
18
8514
123
38 '
29
96
14
73
4314
46
36
31
51
7674
6
43
5274
13J4
27'
2714
411i
4
1614
3V4
4
974
70
103
1314
24
41
85
21
5214
95
170
11414
79
36
45
106
514
514
4
27s
11
43
41
3H4
25
20
118
34
61'
90 Vi
'J
55
17
13214
103
30
136
44 Vi
33 Vi
5
4674
5914
60
35V4
94 VS
117Vi
631
141J
38
3214
73 Vi
1014
87s
27 Vi
13
9
19Vi
54
96 Vi
B5
57 Vi
40
914
13
7 7s
397s
28 Vi
156Ji
49 Va
8J4
1H
Vi
H4
1
14
14
n
V4
1
'
Hi
Vi
H
2
Vi
1
Vi
Vz
""
Vi
14
Hi
14
"'
V4
2
Vi
14
'
Today's Net
Clee Chce,
48 K-
16-
32V4-
5874
15974-
106 -
1474-
1314-
148 -
11414
1914-
21 -
38-
39
7
55V4-
13-
2514-
25V4
6
18
113
11774-
27
13
33 -
9-
574-
127s
:3
?1
52
66 16V4-28-16
54
35
C2 54
85
.30 .
54
1954-
?3
20 -101
,
254
9 Vt
18 1
136 2
1 1 74 -
53V4 Vb
31 14 -
9- Vi
68V4-0 54
48 ..
53
47
1414 -37
814
1614
37 54
8514 8
61 54
93
27
18
85V4-123-38-29-96
1474
73 54
43 54
46 -36
31 -51-767s
6
44 5274 -
1354-27V4-2714-41
Vi -
4
1614 3V4
4
97e
70 -
103
13V4
- 24-
41 -
857a
21-
52V5-
95
17014
11414
79 -
36 ,
45-
1C67s
514-
S
4 -
27a
1 H4
43 -41-
31V4-
25 Vi -20
118
34
61
90V4-
9J4
57 103
30
137 -44',
33J4-
5
47V4 5914
6314
-3214-73V4
10V6
87a
27J4 13 -
9-1914-54
57
40
97s
1414
8
3974
28 Vi
165 10
4914-
814 ..kK
CONTINUED GOOD
DEMAND FOR P. X.
Week's Operations Indicated a
Widening Interest in the
Lecal Stocks
NEW YORK BWDSjWVL
Arte Ilep'e (isl
I!.,... H2U
Ante Ilep'e 7s
SAM23 IN ilOOO)
1.)
10....
8....
1....
7...
3...
1...
54
Vi
"li
1
!i
"Vi
Hi
H
Va
-
1
Vt
Vt
Vt
'
Vi
Vi
Vi
14
V4
54
17s
54
1
2
Vi
H
" Vi
1
I
54
Vi
H4
19
14
14
54
14
Vi
?4
!i
14
1
The continued strength nnd activity
of Philadelphia Klectrie and Phila
delphia Rnpld Trnnslt wns the out
standing fenture of Hie trading in the
local market. There wn.s still n geed
demand for the. former, holding the
stock firm nt the best price of the
week, 20, despite the general recog
nition that the movement te n large ex
tent wns In the phraseology of the
street merely a window-dressing te
pnvc the wny for financial plnns the
management has in contciupintien.
Absorption of Philadelphia Rapid
Transit wns ngaln In evidence, but the
stock, nftcr touching a new high for the
week nt 2(1. Inter reacted te 2(1. The
firmness of Pennsylvania Rnllrend wns
the next prominent development. An
active demand sprang up shortly nfter
the opening, which advnnccd the quo
tation te 38, or within 11 Vi of the high
price of the j car.
Dealings in most of the ether lecnl
stocks wns en n small scale. A point
decline in New Yerk Railways te ll)'4
wns n reflection of disappointment in
the failure of the beard te take up the
dividend question en thnt issue. Luke
Superior Corneratlon wns in geed de
mand, reaching 0M:. although it did net
retain the full tain, while Keystone
Telephone made a new high nt 10. U.
U. I. yielded fractionally 011 oim-iet
transact ions. IOlectric Storage Mattery
wns stronger, hut did net reach the
higher quotation made en the big beard.
The week's development und opera
tions in the local stock market iudlcnte
a continued widening of interest nnd a
rnpld return of confidence en betli the
part of the investing und speculating
public. There is no place under the sun
where sentiment changes se quickly or
se rapidly as In the market world.
Quite a number of the local stocks which
net many months nge were almost ab
solutely friendless are beginning te re
flect 11 renw likening of 11 speculative in
terest. While this hiiH been mere
iioticcable nmeng what nrc called the
innctivc or obscure; issues, it applies in
11 most convincing fashion te some of
the high-grade issues. In the latter con
nection Pennsylvania Railroad isa nota
ble example. These who only but 11 short
time age saw nothing but disaster ahead
of this nccepted standard of the Ameri
can transportation industry t new are
the loudest in singing its praises. It Is
net surprising, because the wonderful
"comeback" of the system has been a
revolution even te the stanchest friends
of the nronerti .
It has net been se long when ginvcj
lears were cxpresscu 01 iiiu uuini w
the management te maintain even the
reduced dividend payments of 4 per
cent per milium, while new the restora
tion of the long' established 0 per cent
rate iw considered within hailing dis
tance. The Pennsylvania, like most
of the ether big systems, passed the
peak of the troublesome times last year.
Iy the drastic letreiichment policies,
which have served te bring out the best
that was in the railroad men of the
country, what were thought te be in
surmountable obstacles wcie easily over
come. It required a great deal of in
genuity, n great deal of pruning, a
great deal of economy, but the results
nre shown in the climbing net income
despite the shrinking of gross business.
It is unofficially stated that net income
of the Pennsylvania for the first quaiter
of the current ear was net only suffi
cient te meet all proportionate require
ments in (axes, charges, interest and
dividend, but nlse left a very com cem com
fertable surplus. In the meantime,
within the lust six weeks there lias
been 11 pronounced improvement in
traffic movement all along the system,
which is ennliinieil in the increase from
.'." per cent te 70 per cent in the pre.
ductien capacity of the steel industry.
With this basic industry showing such
rapid strides, theie can consequently be
expected a similar quickening in the
tributary industries, which, in turn,
means art increasing of tonnage of both
tlic raw nnd finished material for the
transportation lines. As the Pennsyl
vania sjstem touches and accommodates
such a wide diversity of industrial in
tciests, the improvement of earnings of
thnt system accordingly can be snfely
accepted as 11 reliable nnd true barom
eter of returning prosperity of the gen
eral business of the country.
00
00
no
V04
100
no it
100
ei)
100
8 MH
Cntyidl'n Nthn
054 s rets
2.... 100U
1..'.. lOiHf,
1.... 10DV4
1.... lOUVi'
0.... 10DH
Canad'n N 7s
I.... 110
2.... HOVs
4.... 110ft
li,... Ill
Cana'n Pacific
Ce D wl
TK
10..
11..
1..
1..
1..
77
77
77
77V5
77 H
7714
2 7754
Cana'n Pac 4s
1 77Vi
Cnn Sn'n it
4 00 li
-' . .. I..IM
Chlni'se Oevc't
ll-K Illy lis
1 SI
City Heme 8s
113
HI
110
lit)
113 Vi
City of Ilergcn
8s rets
8,.., 102 Vi
Oeve't V It 8s
SO.... 107
a,.,. 107
4.,.. ioe
1.... 107
Or'd Trunk 0!
inn us 1 via
3.... 102
4.... ion;
15.... 101
Or'd Trunk of
Ceaada 7s
7.... IIO14
s.... lien
1.... neu
1.... 11154
1 . . . . 100 y.
Jap Uove't 2nd
3 80
23 80
3 DO
s .seu
2 811
IB fiPU
Jap Gov en' t 4s
2 74i
8 74?4
a "74 it
Iv Belgium 1).
3.. . 1034
13..., 103H
&.... 10314
20.... 103 ',i
K Ucln'm '''.
2.,.. ion
1.... lel'H
1.... ien1,;
1 ... ion.
4.... 101) u
Kingdom Dcti
mark ct 0s
S.
I..
1..
1..
0.
iKsale) 100 li
10..,. 100U
n..,. 100 Vi
Am'n Agr'e &
Chm 75is
0.
2.
n
!..
2..
3..
3..
1..
1..
3.
101
101H
101H
10154
1019.
101
101'A
101
101 '-j
1015,
Atnn a & It f.s
1 80 "I
0 8(",4
I,.... SI)
1 80
4 811 ,i
American Slur
Kefi: 0s
S.
fi!
20.
3.
1.
Clly
3.
1.
ft.
3.
. . 108
. . 10S3
.. lOMt
. .. 100
. .. 10054
. . 100.
Uerd'x 0
... S04
... SO?,
... ciia,
. .. 80
... 8lli
.... 8OV1
8054
.... SOW
b0V4
8014
S 80'4
2 8(1 "-j
2 801a
2 80V,
Cty chrls'u 8s
.... 10014
1.... 100
City of Copen.
hneen 5V4s
0 U0i
2 OOTs
S(sale) 1)0
23 01
1 01
City Ljeiih 0
1...
1...
1...
0...
(1...
ft...
1..
s..
10..
3..
ft (flat) 0
Kingdom Den
mark ct 8s
S.... Ill
2.... Ill
111
111
111U
lllVa
1114
1111-j
HlVi
112
K of Nether
lands 0s wl
8 ri4;
10 (111.
1 Ill
1 I) I
1 01
13 ni'i
Klncdem Ner
way ct 8s
ft 112
8.... 112
1.... 112
IC Sweden fls
Philadelphia Stocks
295 Am Strs.
HlKh
hi
140 de 1st pf,127:i't
0
200 Am Rwys
S Bank N A
war w 1.
4S Brill J O.
10 C Tr N J
no
:is
r.e
Lew
IKJVL
127 M;
0!i
00
:is
r.e
C1ep
127-11 -
0T?
Net
CllKO.
Ml
02,217 000 C2 202 O'lO
300 . ISA, 00O 530, si 9. 000
iiizf'&
.: ii
k&nm
,.:fcPT.,,--
M.a'KW.jy'A.K
Kx "ss i.si-n .
ABt.'f'Kit" res .
Leans, tr
I'ueh 111 viu'n
and m ni. I !
Ues ne in mem
ber I unlti and
referve bjrk.
Iteeerve In State
banks and lrut
remptnles
Reserve In Statu
banks and trust
company deposi
tories v. .li.mnnil ne-
"posits 3.8i7.n2i.pen 3.87S 3i.noe 1 enced by
Tlme deposits .. 270,743,000 2HB.77h.Ooe
I'lnulatlen aa.TUtl.euu
I' S deposits
deducted 82,442.000
ACTCAI.
This Week
Pxeess reserve S47.B7l.32U
AK"r"a t?fes.rv- $$ .
Leans, etc 4,JI)j,03u,000 4
Cash in vaults
01 315,000
i
,BflS 00O
0.050.000
405.000
0 1 111 ijil'i
member
and
banks
Reserve In mem
ber banks and
reserve bnks..
vnerv'0 In state
batks and trust
companies . . .
Reserve In state
barks and trust
company deposi
tories . ,
Net demand de
posits Time deposits,,.
Circulation . . .
U.S. deposits deducted
"0.864,000
B30 283,000 B01, 848,000
7.012.0O0
8,888,000 0,430,000
3,831.100,000 3,010,253,000
270,831,0011
33iTUS,uuu
COTTON MARKET
New Yerk, March 23. The cotton
market was practically without fea fea
ture early, opening steady at 2 te 4
points advance en a demand from spot
houses for May nnd scnttcred local and
outside buyins of later positions. The
list ruled dull nnd steady later, inilu-
strength in securities nnd by
3:?e:?no I oresnects of rain enst of the Mississippi
88,B7fl oeq ' River ever Sunday. Beneficial rains
' fell in the Southwest last night, nc-
AS VrJisa 1 wniiiiB l0 P,,lvutu ,m,!"!M;
ms, 757.000 The market developed no feature dur-
100.013.000 , ... , .M,ilnl.. t.rtees hnldlne
ing inc ;.j - " "
close te the opening ieveK In the nb-s-enee
of particular pressure. Spot firms
continued te pick up Muy contracts, and
the premium en this position widened
out te 54 points ever July, compared
,..itl, r.n neints nt the close yestciday.
' i-rens were steady en the predic-' July
.i,.e (nr showers ever the Atlantic . Cern
r 1 ., B.n ..ftfhrtrtftll ,111 lillulA. i .' .'
nunuay. imnan. ...j"...-. ....e....
basis in interior spot markets, and bene
ficial rains were reported in the Seuth-
vet.
Prey, close Open
May ..17.71 it."
7.470,000
2118,735,000
33,780,000
GRAIN MARKET
Chicago, Mnrcli 23. The wheat mar
kct declined c te c at the epenin;
nnd early In the day ruled weak under
NEW YORK COFFEE MARKET
New Yerk, Mnich 2.1. The coffce
market opened Irregular, 3 points higher
u u ui-uiuiB 01 j. point. Arte-
1,A
renewen sewing, uue 10 uiiii'i'u"i.'"B eariy eiuciiu cueies had reported both
cnbles from Liverpool, where prices at , Rie and Santes lower, special cables
the close were VicI te YA lower and 'came In quoting advances in both mar mar
en further geed rains ever the winter Itets there, nnd this stimulated a lit-
wheat belt. New expert interest was
lacking nnd longs pcemed disposed te
liquidate for ever the week-end.
Cern started Vic te J,c lower nnd
showed further losses In sympathy with
wheat and underselling by recent buy
ers. Oats were easier with the ether mar
kets and declined c te c.
Previsions were steadier en an ad
vance of 15c te 25c In the price of live
hogs,
8fli 37 3(H4
81) 80 3HH
ver.. l'nrk
72.227,000 03.249,000 Prv. close Open High Lew Clese Muy
a Mav ..17.71 litis 4i.ii 41. ui ii.ui Lara . ..- -
fast an u Julir lIlT.Sl 1T? 17.20 17.18 1T.1B01O May .,..,... .11.00 1VM l?,?? -J.Oa
Art SILVER ecty . le H ie.'ii; JJ.m ij-JJ J2-IS8" ?!?. V. i,as 1W ?- "-,T ,
'CTRTr I n'efi-V&tegf ""& fas y'A'fMmmjMmm
Wheat
May
July .....
Oats
Jfay ....
July ....
Perk
Muy . . . .
Lara-
Open
1.3114
J.175i
R8H
02
lllsh
1.3'J
1.17T4
BOW
Lew
1.301
1.1U
B7i
61 li
Clese
1.8UH
l.KI
R7'4
fllli
38H
10.03
tle deiiiiind here for May.
ODen
March. 11 .'UJ27
April
May..
June. ,
July,.
Auir..
Sept..
Oct...
Nev..
lJt-c. .,
Jim, .
J.'ob. .
Hleh Lew Clese. Tes. close
0.10S50 D.42 e'.ii
1U7W40 6'37 il'.bb
0.2320 6'2't ii'.ia
M2
P.23S-23 9.23 ll!J3
li.L'1
!i.3,-
II 10 S
li. IIS
I) 35337
0.2(t
(I.li3a21
0.23
0.2.1
0 :.'-l'6P24
D.23
"J.23
0.43
0.35
11.311
(1 30
0.H
I) 2ft
11.24
0.21
0.i!4
0-J4
0.24
0.21
(10 Elec Ster.MSVi 148
0.1 de new.. ifS
SOOtFisk Rub 17
40flnt Cens
pref . . .
1 100 Key Tel.
370 I.nke Sup
r0 T.eh Nnv.
1432 Pennn R R ,'!S
140 Phil Ce r pf !'.'.)
2200 Phlln Elec 2dr:i
170 de pref . . 27?$
1405 Philn R T 20vi
r I'liia 'Iran
lOOtPltta & W
va
10 Tone Min.
278 1,'nlenTrac 30
70U O T.... 41'
01 de pref.. HI
S
10
ilL.
(I!:M
03
27
3S
17
S
!Ts
n
('.!)
ST"!
3S.'",
2is
27"i
2(1
(!.".
CO ..
3S
,r,0 1
14Si J',
3S - V,
17 y
V
801,4
80 -S,
80
8tl 'i
8(114
80S
80 14
80-
80 14
80?4
City Mars'a lis
3.
ft..
1..
ft..
1..
B..
1..
ft..
O
n.
3..
1....
n
1
3
7(sale)
ft
B
7
1
Cty San Paul
6s wl
1...
RU',4
80 14
80 vj
80 '
8(1
8(1 li
80 1
8(1 1.
80 4
80
8054
1....
10....
BO....
11....
lft
ft....
8....
I
7....
e(snlc)
10
1....
Queen'd Cs wt
10 10054
Quecnsl'd Ext
Lean 7s
1
1
1
ft...
ft...
1...
mm
10211
102
1014
102
102
101
City Zurich b
ft.... 114
7(jale) 114
r,(llat) 114
8.... 114V4
I.. .. Ill
Cuban C S
10.
1.
1..
1..
83
8314
83
8.1
82
82
83
82
83
82 54
Cuban C'a Su
8s eta
1.
1..
1..
7..
Cuba
1..
8..
8..
II
83
83
82
82
Cj 61
801.
80 V.
se
sev
Cuba Ttallread
Ce 754
2.... 102s,
2 102'i
l'(sale) 102",
2(sale) 102
lienmuik Cen
ct A la
B....
10.
4
0
8
t . . . . ;
30
1
(sale)
07 'i
117', I
074
117 Vj
1)7 Vi
07 's.
07'i
1)714
8...,
I
1...,
2...,
1...
1....
.1....
7...,
Am T
1...,
A Tel & Tel Es
1 004
1 finii
1 00
A Tel & Tel 0s
2.... 114V
1.... 114
ft.... 113i
Am'n W P us
1 8216
Amer'n Water
Works Bs
B 74
Ann Arber 4a
Armour
1....
4....
1....
1....
4....
A T & S Pe 4s
00i
100 li
100s
10014
100H
100
101
100 54
100i
10054
100',
100 u
100
Kllat)
1 ...
108'i
10856
108H
10851
108
1081V,
IOI14
10314
103'
108'
6.
8..
3..
08 W
08 H
0854
08?.
0854
08 Vi
086,
08 ?i
08 Vi
08,
0854
OSVa
08
T clt
80
1.
0.754
4V4s
87
87'
87 '4
87 T4
83
B...
3...
3..
87 li
87f-i
87
88
88
8714
iwale) 87 '4
8 (flat) 8-14
1 871,4
Atch T & S
V cv 4h '00
1 70
B 80
A CJast L -Is
1 87V4
Atl'c Fruit 7s
4...
B...
10...
l!!!
4...
3
1....
Rep Chile Ml
2 103T4
3 104
2.... 104
UtP Chile 0
4 1031,
1.... 103
R'c Cuba 454s
IB 78
Rep'c of Uru-
EUay 8s
2.... 100
(1.... 100
B.... 10(15i
1 100
2.... 107
H Perte II S'r
7s rets
12 07-
I 07
2 07i'j
1 07'-j
State of n O
1)U Sel 8s
ft.... 101
2.... 10154
10 1015a
State of Sae
Paule ct 8s
0..., 101
3.... lOl'l
4.... 10151
Svvitz'd Cen
110H
1104
110?i
110
11154
110,
Dept Seine 7s
0Bi
1..
1..
1..
s
10
Oil 1
37TC VI
20U. fi
2775..
20 Vi
U.i
li
11
110 Yerk Rwy 20
3S3't
r.ia(
27
2
fi",-
r?
w
!U74- i.i
10Uj 1
07. nn
its.ne
00.3 1
0S.2S
OS. 3 1
0S.30
10s
107-r,
niVi
llfli'.
1)7 "
nr.i
mi "
i)OVs
lip
BANK CLEARINGS
Dank clearlnes today cemnarerf with ,.....
ependlnif day lnat two years:
1022 lll'JI m.n
Phlla. ..$59,000,000 $71,311,000 $73,837,800
Itosten... 44,000,000 81,710,283 ...,
:s. rerK m.nuu.uu
ChlcuifO.. 74.700,000 .........'
BUTTER, EQQ8 AND CHEE8E
NW Yerk. March 28 HIITTPln .i..
lUeeipU, 8204 tubs. Quotations unchanged''
b Bieaay, neceipts, a,iaa ettste.
ii. iww.iimii
. 1
tNet chtnue tnade by comparison with last
sale en New Yerk Stock Jlxchunce.
Total sales, 7U01 shareH compared with
12,081) shares yesterday. Thus far this wek
CD. 11)0 thares.
I'llIIADKLPIlIA llONDS
10000 Liberty 2d 43 '42
2.100 Liberty 2d 4V,s '42
1 .100 Liberty 3d 4Vis '2S
10000 Liberty 4th 4ViH "3S
2000 Liberty 4th 4Vis '3S
132.10 Liberty 4th 4 Vis '3S
1000 Bell Tel 7s
1000 Bell Tel 7rt
1.1000 Elec & Peep4s lets
inOOPhila Ce cons .Is
200(1 Phlln Electric 1st ,1s
,1000 Phlln Electric 1st ,1s,. lets
200 Phlla Elec 1st fis
100 Phlla Elec 1st f.s
1000 Phlla Elec 1st 0s
4500 Phlla Elec (is lets
4000 Phlln Elec Cs lets 10K,5
HOO Phlln Elec (Is 10II?
Total, J74.B50, cemparn Willi JOS.n.in ye'A
terday. Thus far this week $Ql8,uoe.
DIVIDENDS DECLARED
Acadia Mills, quarterly s.2, payable Anrll
1 te stock of record .March 21.
congemuui iuuii.jii, uuanrriy 51 a share
en common, w .i,.ii te 10 stock of
record April n.
jioneinac "" wuh.phiijt quarterly
II. payable April 1 te stock of record
March 21. , , . ,
Trunnue a: ,Y...tii.un ninwi s,uinpany. Quar
terly BO cents, puyuble April IB te sletk of
record April ft. .... .
American Ceal of Allegheny County, .lu,,r.
terW JI. payable Muy 1 te stock of ricerd
April 10.
Bni FATIIKIt'S I1E8T flmi.l
When leather took his best slrl out 'for an
enln he didn't have te break a hundred
illar bill probably a Dve-spot was Vu be
id. Yeuill alirely want ta read .'Mi .CI
-xoue4i..an-a
1.
24.
20.
1.
1.
II.
Dem
05 T4
. .. 0ft4
. .. 1)3
, .. 0.1
. .. 1)5 U
... 1)5
. .. 1)5
Ilep'e 5s
2 .... HO
D Canada '2(1
2 08',
D Canada '20
8 100
D Canada '31
2 117
07
Ind's
Dutch 11
0s rets
1
4
1
a....;
1
1
10
li(sale)
H... .
1...
4
Dutch E Ind's
Cs wl
1 04 Ti
2 .... 111
Oeve't French
II 7 54 s rets
04
1)4
01 14
in '4
ni 'i
ni
ei
01 5i
ll'.
Oils
1)1
110
11054
120
12054
120
120
120
110
120
11054
110 Vi
U K Ort llrtt
I'd 1022
4...
ft..
1..
10..
1..
12..
3..
1..
1..
0.
ieii
101,
104
10
101
101
101?i
100
10,
"(sale)
24....
5
10....
76....
1....
BO
U K Ort lirlt
& I'd 1920
10.,.. 103
1.... 101
a.... ler.
1.... 10.1
B.... 101
U K Grt Brit
& I'd 1037
ft.
10.
:i.
B0.
1.
fi.
1.
1..
100
1)3
101)
100
fl!
100
100
DOT,
30
39
30
40
40
30
Atlantic Itef'B
ct 056n
10.... 103
4.... 104
1..1. 103
1.... 104
2.... 104
A Pwd'r 7i4
103V4
Uald'n L W Bs
lOOii
100', i
Halt & Ohie cv
7 78
10 78
B 78
B 78
Halt & e 356s
8 01
Halt & Ohie 4s
0 79
1 78
Bait & Ohie Bs
(1 81
2 81
1...,. 81
Bait & Ohie 6s
1 OS
6 HS-
10 08
2 08
2 0SH
3 081i
B & O Pitt 354
00
B & O P L H
& W Va 4s
2 70!i
Unit & Ohie .-3
we' n 354s
V 8054
B & O Tel 4s
1 en
0 61114
1 r.ii;i
1 6(1
Ilcll Telopheno
of Pa 7s
2.... 107
1.... 10714
n Steel Bs '3(1
80 ii
Braden Copper
Mines 0s
1 0,1
Bkn Edl Ce fti
Ot'i
B Edls'n D 7s
r.... 10714
Brkn It T 7s
10 7.1
lft 7.1
3 7054
U Union i: 1st
1 03
Buffalo Ilech'r
& ritt 4s
B st)
Hush BId'K Bs
SO
Ct'l of a.i 03
1 08
ft 08!i
Ctl Leather 5s
06
Ctl PaclHc 1st
1 84
C & O cv 456s
8 8,1
1 84,
C'k & O cv 3a
1 88
2 87
1 87
B 87
8 87
Chi & Alt 31,4s
0.... 64 W
Chicago .'Mil A
8tP.fd'4V4s
B..r... B8
Chicago Mil &
St Paul 4s
2 74y4
"(sale) 74
S 74
20..,,. 74
Chicago Mil &
St P 4s '25
S 7854
Chi Itwya Ss
1 80
C It 1 A P ifd
0 70
0... .. 70
1 '7DU
Chi & W I 4s
4 72W
Chile Cep'r 0s
...... 8854
Ksale) 80
1 80
1 80
Chile Cep'r 7s
1.... 101
1.... 1011
Cl'd Cln Chi &
St I. 454s
1 00
Cl'd Cln Chi &
St Leuis 0s
0 0954
Columbia a 4
Lice 1st
10 01
10 91
Cole ft S 4s
u 87
Cens'd Ceal U
of Md Es
1 87
Cens'd Oiih Ts
8.... 10754
4.... 108
.'1.... 108
Cuban A 8 8s
1.... 104
Del & Hud cv
1 03
Del & H 456s
3 09
Den & R O fd
20 4054
a 40
0(sale) 40
10 (flat) 40
D & It a 4s
1 8054
Dcs Moines &
It Dee 4s
1 43
1 43
2 41
2 4ft
Det Kdl Bs '40
4...... 03V
4 03
Dct Udl Ce 0,
1.... 102
1.... 102
3.... 103
1.... 102
Dct U II 4s
1 77
1 77
D Match ,7s
1.... 107
1.... 10
D de Ncmuurs
Twdr 7s
1.... 104
8.... 104 5i
2.... 103
B(sale) 103
ft.... 101
2.... 104
6.... 104 Vi
Dun Light 75s
1.-,.. 102
4.... 102
1.... 102
Erle Uenl Lien
U S Brazil 8s
1.
B..
1..
3..
3..
7.
1..
3.
105
105
105
103
10ft
101
105
10,1
U S Mexico 1,
3,
1...
1...
6...
B...
Chi U
1...
1...
I...
Chi 13
8...,, 00
8! ,,.
X M, Marine 6s
OBVi
1..... nnv
Int'l Pap b Bs
83
10.-. t. S3
7(sale) 83
1 (flat) R.1
Iowa Cent'l 4s
, 1 80
Iowa Cenfl Bs
1 7BU
K O T Illy 4s
2 at
Kelly Sprlng'd
iire 8
1.... mnu
Lack steel '23
2... 1. 9054
Lack steel 'fiu
8 84
7 .... . R4 U
Laclede Gas C
Ht Leuis Bs
1 07 1
L H M S 3,
7751
Lake shore M
H'n 4, si
1.
2...
B...
01
01
0t,
02
014
02
01
02
2(sale)
2(sale)
L Valley 454 s
1 04 u
L'chlfh Val fls
0.... 102
Lex'n ft li Bs
S 07
L & Myers 7i
I.... 114
beriuara e ,.
B 05
Louts ft Nash
Mone 4 1
3... . 78 U
L ft Nash 5r
3.... 10254
1.... 102
1.... 1021,',
41 a 11 Kiev'd
2 6054
.' 60
14 60
Market Ht Ul
a Fran 1st
S 88
B 88
1 88
1 88
Max Irrlg 4 56s
C 35
Mex retr'm 8s
2.... 10356
2.... 104
Mich S Tel St
25 8
Mid S ft Or Bs
3 8C,
1 80
0 80
n. . . . . 86
Z 87
Mliw'a Gas 4s
10 01
Mln ft St L 4s
"2 40
4 40
M ft StL M Ss
', 3D
It StP ft S Ste
Marie 4s
0 88
M K ft T aj wl
ft.,
ft.,
ft.,
ft..
1..
1..
1..
ft..
1.
45
45
4554
48
455i
11
4551
45
43
OS.
10..
20..
0..
r...
10..
18..
IS..
20..
118..
ft..
3..
5..
Erie It R cv A
4 03
Erie II R cv D
2 01
Erle Rly Cj 4s
4 01
1 01..
4 101
Erie R Ce 7s
0.... 105
Erie ft Jsy 0s
1 835i
E Je lets
3 ' 075i
Plsk Rub'r Cu
8s rets
1.... 103
1.... '101
1.... 103
1 110
10 Oil?.
Frnm'n Indust
Dev 7s wl
2 00
10 no
1 DO
2 09
Gene'l Elec 0s
1.... 105
Geed car 1' ft
Rub'r '81
8 '004
0(salu) 09 -
1 004
Ooedvoar T 4
Rub'r '41
1?::
1.,
6..
M K
8..
1.
1..
1.
'I
l!
1.
14.
1..
1..
1..
e
2ft!'.
1..
3,.
a..
10
102
102
102
102
302
103
103
103
102
102
103
102
10254
102
102
Ill's
40',
4(1
10
46
4616
t'1
1(1
47
1(1
1
20 . . .
B...
10...
ft...
I
le',!!
0...
1...
U S Mexico Bs
3 56
12 50
2 B0
10 B7
U'd S Mexico
Large Bs
10 r.3
3 S3H
Adams Exp 4s
3 73
AJax Ruh'r 8s
1 03
1 1)0
ft .... Oil',
10 00
10
C II ft
4.154
. 43
. -lfti;
. 43
. 40
Hum
. 87
. 87
.. 87
ft O 5s
1.
ft.
C II
fi.
1.
ft.
00
Q 6s
. 1)11
. en
. 06
Q (ls
10(1
1011
10014
106
C ft V I Ss Ml
2 77
- 'l
-1 77
1 77V.
Chi ft O W 1,
1 00
2 01
Chicago st 1"
M ft O .1,
1 034
10 034
.1 nit:
Chicago Sill ft
nt l"l d 4s
2 S9'4
Chicago Mil ft
StP cv 4s
1 01
4 01
1 (14
0 04
1..
l!'.
1..
ft..
1..
114
. 09
11454
1145
114
114
Granby C MI'S
S ft P 8s
1 0154
1 01
Qt N'n Ry 1st
3 80
Great North' 11
Illy 5s
10 0.1;
30 9054
1 00
2.1 06 54
2 00''.
Grt N'n R 7s
4..
O
b!!
b..
r,..
a..
2' "10754
&!? 41
!... 'lATfc 'I
:::: i
. 107u a.
k?:.".i 107 rw
'.'"'"ah,
?' H'
Nths-P??'
1 :.
Oreien'n
Nvl Ce U ',
r'AcaIlfV
10 fi! '
Or.,,nBL4.
."iiH.."
wr q eg
J..., 100
0.... 100 '
' ms;
i e-
2.... tan ,
r-wniic
""Wli
1 m
10...,
4....
1....
2....
B....
12....
4....
1.
51!
WH'.l
si
61
6156
r.i
r.e
B0
B0
se
B0
Bl
r.i
61
se
El
S0
El
r.e
T 2nd
58'.;
iMe Kan & Tex
ct 2nds
0 88
Me K ft T 4k
2 77
0 77
1! K ft T 4s wl
10 08
M K & T Us vi
(3 81
1 82
2....V 81
U K ft T 0s wl
10 04
1 04
2 014
M K ft T note?
2 60
10 60
S 69
Me Pac RIt 4
IS 62
1 624
4 62
Me Pac Ss '2S
23 09
25...,. 09
Ment'a Pwr Bs
1 94i
New Orleans ft
N E'n 4s
1 79
New Or Tex ft
Mexico Ss
S 69
7 60
N Y Cent'l 4s
87
Cent'l 6s
1014
101
101
101
1014
Edl'n Ce
Otis Steel i,t,V
l'aeO&u7,H,i
i MH'H
Packard Mote?
s.r ue 7a
V 1025,
T Ce 7a
S tit
Pa Rd m 454
8114
J Hit
8S5i
8S54
1 8851
Pcnna R R jj
J 0
1 (SL
Penna ltd S5,t
I--.. 10$5i
.... ieu
J-.... 10054
.!.... 10$
Penna RR,
B.... 10754
;' "Hi ,
1-... 10T5i
.... 10T
1.... 107
Pere JIarqt ti
J::::: U
Phlla Rly, 41
2 CI
Pierce Oil li
J MH
1 54
Pitts C Chf
St L a Ji
1 M
B..... M'
Pun Serv Cerp
is jsy Ba
1 M
Reading Ce 41
2 85i
0 81
1 845,
4 84 .
Reading C Jsy
uu cel 4s
2 84L
Hep I A 8 El
3 OIL
Rie U'e Jet Si
1 86
St L I Mt ft 3
Rwy 4s
1 7M4
St L ft S V at
0 71
34.
6..
ft..
3..
1..
1..
St L
78
... 7SH
... 7SH
. .. 7811
. . . 7U
... 78
ft S V In
1..
1..
B..
N T
1..
10..
1..
B..
N T
0s rets
107
107
107
1074
107
107
107
Kpft Mach 8s
ft.... 100
11 ud ft Man fd
B 70
0 7U4
10 70
1 78
2 78
Hud ft Man In
B...,
O
le!!!!
4....
s!!!!
nu ci ci
ie..., 1...,
Ills ct'l Ss
1 09
Ilia Stud 4 54
10 01
2 01
Info Met 4s
3 14
10 14 V
Int M ct 4s
. 00
. 60
. 0051
. 60
. 00
. 60
4s M3
. 70
70.
10..
4..
0..
8..
1..
1..
1..
1..
107
107
107
1074
107
107
100
10
N Yk Light II
Pwr 4a
! 81
New Y N II ft
II 3s '84
3 44
2 41
1 44
New Y N II
Hart'd Cs
1 68
Ksale) 6S
N Tk Rys 4s
3 34
N Y Illys ct 4s
1 30
8 30
1 33
N Yk Rys Bl
18 8
N Y Tele 4s
0 03
2 03
N Y Tele'e '41
1 02
"(sale) c: "
E 02 H
10 62
10 62H "
1 6354
St L ft S Frti
Serlca A
1 705,
2 70H
2 70U
70s,
70
70V
2 70
B 70V
St L ft S Fran
Series B
1 84 H
1 8454
10 84
St I. ft S Fran
Series C
1 OSS
1 08V
1 PSK
3 98i
1 99
St L Sew'n Oi
2 7
St Paul ft K0
S L 4541
2 784
10 783
Ssab'd A h J
2 10U
4 19H'
1 194
Seab'd A L fd
, 37
S A L 4a its
2 B8
2 BJ54
B B3
Seab'd A L 61
B MH
1 BO
4 49S
Sh Steel II 8
2 04.
1 OJtt
Sinclair C Oil
Cerp'n 7s wl
ft...
10
32
1
nib'!)' li
14
1
B
2.I.. .,
1
1
11
61
10... ,
11
12
11
0
0
T M
00
57
60
00
60H
0054
00
ee y,
(10 '
110
B0
1..
1..
4..
8..
1..
1..
2..
1..
?...
1..
1..
3..
102
102
102
102
102
102
102
102
102
104
102
10
N Y Tele'e '4U
3 104
3.... 104
N Yk WCft
Pest 4 i,4a
1 42
N ft W cv lis
1.
B.... 107
North Weste'n
Hell T 7s
23...
4...
10...
0...
10...
1...
10...
1...
1...
25..
0854
08H
03U
OSH
03
9854
084
98i
9Si
P8S
9814
Sinclair C 011
Cerp'n 7b'
1.... 103S
15.... 103H
B.... 1MH
4.... 10354
6(sale) 103
103h
103H
103'.
103
103H
103S
10li
103S
20...
1...
36...
1...
1...
20...
7...
1 . ..
Se'n Bell T 5
1 Vt
Se'n Paclle M
20 .... 8
J 80
S'n I'ae cv 41
B 89V4
4 SIS
1 ... 9'
4 SOd
e .... 89V4
107 li Sn RaUway 4i
1 .... 2'
4 .... 3
Continued en Nut TM
v.
de
had.
. 1 HDrina a zeun saan Mmncr -rurnaaa h
Irreeraiar.. awM1DC. 111! lwixea. I nlht ninw-llAti.t tm 4&ua. In h OH-TT?
MAILING
FOLDING
SEALING
ADDRESSING
MULTIGRAPHING
ENCLOSING
Mailing List3 Compiled and Corrected Daily
C. E. HOWE ADDRESSING & PRINTING COMPANY
Howe Building
704 Chestnut Street ,
h-
. jti
.v. ,
PutMsners flepd's. Olrccer(cs Tt tft& )
WMM$MMHH
sl-MasB-js .jj. '. ' m
J-rf JAt.V..; fc,iiy'a.iiViM.tr vtfii. a?? " ilt ..". -.Nui It- i
tL2LtJBli fJLItLXi.ViaW'i'tfcjljrsV X1UbAVMX(&.1 T7 P f A
iWS