13- n I y jfe. Spruce 8200 K I-'' UNITED STATES VICTORY NOTES SECURITIES DEPARTMENT COMMERCIAL TRUST COMPANY Member Frilernl Rrntrte System City Hall Square West Cincinnati Gas & Elec. Ce. Convertible 8 Secured Geld Notes Due December 1. 1922 This company lias one of the longest dividend records of any corporation in the United States, dividends of net less than 4rr being paid continu ously for ever GS years. Pres ent rate of 5Tc has been paid since 1010. Write or Circular 1-S A. B. Leach & Ce., Inc. Investment Securities 115 Sculh Fourth St. u W U I 1i iii i , lllll I . WE OWN AND OFFER Lehigh Valley R. R. Cens. 4s, 2003 Registered WietNtR Bloc. Philadclfhia AVw tk $tti rutjngfi mwve.H u.i:.rtn. m. l. IB nJQ & I k I Si .UI.larke. BANKERS S21 Chestnut St., Philadelphia Established 1837 ' timbers New Yerk and Philadelphia Stock Exchange n CONSERVATIVE INVESTOR Individual linldlns 111 shares Com mon Stock J50 01) l.ir nlua (non (nen assersatile) in a Commercial I3ankin,B Institution nettlnc ST . This dividend Increas'nx next quarter. Will sacrl Hee any ert of lieldlnus at i 12.50 per hare under present market price. Must hne money Immediately. Stock ha., and will incrciwi In value rapid ly, as will dlxldnds .'.00 bankers re .tockheldcrs. Will deal only direct with pur'.iun"r no brokers. Fer further information address pt'Hi.ic i.i:nei:n. nex a 3m w Orders Executed for cash or en a conservative mar ginal basis, in nil aecurltle. ll.ted en the New Yerk Stock Exchange. Large or small lets. l McGLINN & CO. Si I Mtmbtrt fltw I ern jieck exchangt t" I Widencr BU'.S., Philadelphia New Yerk Uo.tea Crew Levick Ce. 6s, 1931 Sun Company 6s, 1929 Georgia" Rwy. & Pr. 5s, 1954 PRATT, BREHM & CO. BOURSE BLDG., PHlLA Safe Bends for Investment Halsey, Stuart & Ce. Inc. Laad Tide Dldg. TtUphent Lctutt 7410 HARPER&TURNER Investment Bankers Ifembcrs J'MIadWuifci Stecc Vxchingt Stock Exchange Building P.". Philadelphia Bcranten WANTED Partner lth UTi.one te invest In Conseratie Imestment Security Hours ilelim- a lucralHe bend and Hated security business. Highest tandlnu for imputation and Intenrlty required, and mere Important than Intenliurnl reuulrements Address C. W. Hix 372 City Hall atatlen. V. VrlV f'tV Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS- 130 BK.1. KHTATK TRUHT nLDO. .,.,- n,,H mltiist corDeratlon and JiSrtiHTihlP eunt and prepare Inceaw TK ntiurni. ANOTHER OUTBURST Sa'es Many Jew High Records Made by Industrial and Rail Shares New Yerk, April 0. Speculative en tlitiMnsm nguin reached a boiling hcut In today's stock market, with the active lenders of both the Itiilustrlul and rail road cllvlilens plowing Inte new high ground In Hpertncular fnnlilun. With the dealings for the flret two hours running In excess of 730.000 nhares, or at the rate of a 2,000,000-sliare day, a fair Idea may be obtained of the mighty buying which swept every thing befere It. There have been many enthuilnstlc outbursts en the construc tive side since the current upward swing -tarted, but thN morning's demonstra tion siirpnel In breadth and volume anything yet experienced. The wild character of the trading was mere remarkable because of Us spontaneous character, as there was lit tle or nothing in the way of develop ments or news that would warrant such n furious orgy. It reflected net only the wide spread of the Hpeculutive fever, but It it Ne denoted n wild rush te buy en the part of many who had been tlg ui lng en a geed backset. Uctween the hasty coverings of the uncomfortable short Interest and plunging of the sold- i (in l onus, net te sneax nl tlie trpmeii- i deus Influx of outside business, it was ' 1 net unnatural nrlres should sear with I j such lelence. The rapid climbing of I debit balances of the brokers supplied 'ample proof of the growing outside par ticipation. Several sensational moves were staged in different parts of the liwt, among the mere conspicuous being the spirited rise In Ontario and Western, which wns accompanied by reports that j arrangements had been made te actpilre the minority sleck. It being already 'understood the majority would be taken ever by the New Yerk Ventral. Kipmlly , animated (urns were made by West- inghiiuse, Norfolk and Western. Chand ler .Moter. Kleetrle Storage lluttery and Studebaker. Many of these stocks es tablished new high price for the year, us did r-nited States Steel, Itnlihvln Locomotive, renusjlvunlu Itnllreiid Pere Marquette, Norfolk and Western and ethers among the steel, equipment, meter and railroad shares. Commodity Markets GRAIN MARKET Chicago, April (1. Steadier cables from Liverpool than expected rniispd i an opening advance of 4,c te Jc in the wheat market and. while early price I changes were feverish, the undertone I was tinner The Mernoel market was i M te l'd lower at the Mart, but ral lied sharply mid closed net unchanged te ',nd higher, although spot markets were Id te "d lower and Argentine 1 wheat was said te be offered abroad at I sharp discounts under American. The market acted a little oversold, how ever, and bherts were fairly active. ' buyers. ( ern opened practically unchanged, but ral'ied with wheat and advanced ?f,c te c. Oats started unchanged te 1i,c higher ami worked up Vie with the ether grains. Previsions were easier, despite firm cables and steady hog markets, as longs were inclined te sell. Wheat Yest. rlose Own 1 P.Xf. 1nv 1.110 l.tlOH M.80 1.8H f.ltilw '"' LIB1 J. Ill (Ul.lS 1.1)1 September Cern May July ... Sepiemb"r Oats May July Hentcmber hie May .... I.aril Mny . .. JubJuly September Did. l.i: 1.124 r.7'; 014 3S. 3S'i til' M'i 30H 3')i 404 asT, IUS 1.01 in os ..ii. en ..ll.'JS 11.25 11.37 COTTON MARKET New Yerk, April 0. Heavy rains in parts of the Eastern belt explained an advance of ,ri te 8 points in new-crop positions at the start, while old-crop options opened unchanged te 1 point lower. Commission houses and Wall Street wens sellers early. Foreign In terests and New Orleans bought. Spot j concerns traded en both sides of the i market. Business was fairly hfrgc t and, after the opening, the list held steady at net advances of - te 0 points. Itecelnts. at the ports for the day arc I estimated at 10,000 bales, against 10, !J7H bales a week age. l.'I.Ml bales it j ear age and 1S.01IJ bales two years II CO. 1'revleus Clet) Open 11:00 A. A. 17.H1 17.32 I 17.13 i May 17 HI July 17.21! October 17.01 December I'M) January , 10.S5 17.SS 17.2.'i 17.01 lil.HS 1II.H2 NEW YORK COFFEE MARKET New Yerk, April (!. The coffee fu tures market opened 10 te 111 points higher tills morning en a d-xnaml from tiade shorts, who appeared nervous. Kin cnbles reported the term market there unchanged te 17." rels higher and Itie exchange en Londen 1 -31M higher. The covering was mostly in Mny and July and the offerings came from profit -taking longs. ' There has been mere or less uncer tainty us te the disposition thnt would eentually be inude of the large amount of coffee taken up here en Deceiiiber ( contracts. It new seems, however, as li pari ei mis nmeu was 10 ue ex ported. This morning It wus reported that 00,000 bugs, taken up en Decem ber by the English byntllcatc, Is te be shipped te Helland. Yesterday ru mors that coffee was te come here from Helland for contract de'ivery were evi dent! a garbled version of the above report. I Doubtless the cost price of the coffee taken up at the end of last year places I Its holders In a favorable position te I sell In competition with piesent firm offers from Brazilian shippers. Tite local market, at midday, was very ilrm. and prices about 1 te li points 1 ubove initial figures. I Yest clerni i May . (i 70fi71 July 11.02 Wfl.l September . . U 3Cff37 i December 3U37 Opn n sus2 0 7SWT7 , ll.4stff49 I). 17 30 MONEY-LENDING RATES I NKW V1RK -Meney en call, both classes 1 of collateral, op-tied today nt 4Va per cent ler lendlnc and rcnewli k. v I rilll.AI)EI.rill. Call, rt per cent; tlint. 6 jxr cent; lemmerclal paper, three te six I months. 5 te a1 per cent. I IONDON Miney, 2U rr rent Discount Hriidlnf I rates, short bills, 2. ts la-Hl per . '. i-iii per cent, !4 :i iwr cent. i three mentn uilia. BANK CLEARINGS nanl clcarlnKs today empared with cor responding day last two ear; rhiia. 7t.eiiu"inn jns.aHe.ans jm,n7s,oeo N' Verk.7.40l),000 OOO.r.SII.OOl H,.'i07,7O. iioaten .. 52,000,000 43.708. USil 62.U02.722 Cotten Brokerage Firm Falls New Yerk, April 0. A petition In bank ruptcy has been filed In th United Htnies Court aialnst H. it, Peers and (J. W. Mor Mer 1 Isen. eompeslnic the Ilrm of II M. lVers Company, m'mberii of tnu New Yeik Cotten Exchange, The Ilrm has efflci'H at til) llroud llreud way. Th petition was tiled by Oliver Houghten. BAR SILVER , Bar allrar was na muer in i-onaen lousy, OF WILD TRADING ! 1:80 P. M. CI 87 47H E4W 1714 14 68H 48 40 - 67 73 42H 46 61 49y4f 103 1554 12H4- 2514 54H 6 1514- 6914 11014 8114 454 11H 35H 59 112 BM 14H- 55 Vt 9714 3714 96 4 724- 9814 3214- 12114 14014 10014 136 8BH 105 - 16 40J4 52 H 17 48 81 11414 97 14 -88H 2)4 95H 33 24 26 H 824 115 10814 42 59 Vi 41 Vi -33Ka 35 7214 934 7614 7 68 2214 2014 1914 94 4814 44 75 128 414 97 914- 614 . 27 2814 1414 774 54J4 714 138H 37 14 7214 3614 7814 64 8 17 23 14 -43J4 8)4 19K 24 -40 4114 80H 94)4 89 -I7H Z8 -6414 914 31 4 46 -8414-314 1514 72)4 27 K8?4 -13 62 H -'3414 STOCK Hlih Lew 67 47 K 54 y4 17 14 68 K 48 40 67 73 42 14 45J4 60 47 H 1024 155H 12H 24 H 54H 894 15)4 6914 1094 8114 45 H 11H 35 58 '4 1114 814 14H 55H 97 4 i74 964 72H 9814 3214 120 J4 139J4 100 14 13514 88 f4 105 16 40 H 5214 17 48 81 . 11314 97 14 88H 2'4 9514 32 Vt 24 24H 82 Vz 114H 10814 4214 59 'A 40?i 33 35 71 H 93 i 7514 7 68 22 1814 1714 94 48)4 4H 75 127?i 2U0 100 800 1803 700 800 3300 800 100 100 203 COO 1300 2000 200 400 400 3000 200 200 100 900 1200 500 4200 1100 3200 300 3100 4500 000 1700 200 3300 100 2.700 500 400 1530 500 100 300 3500 100 200 200 500) 100 700 100 830 800 1000 200 300 1Q0O 100 4200 200 11403 100 700) 100 2200 1800 100 1300 100 15500 300 100 200 20800 5800 200 100 200 100 300 1200 200 100 330 630 2433 3030 3030 1630 4700 1430 2230 100 830 9600 1530 2100 1530 400 700 1100 1500 1330 2330 1100 300 8200 200 330 100 2100 1300 100 2100 7 VI 200 630 1500 103 600 200 100 400 4800 . Adnms Express.... 67 H 3 Advance Itumely pf 47 H 4 Air Reduction 55 ,. AJbx ltubber 17 H . Alaska Geld Mines, K 4 Allied Chcm Dye. 60 H Allls-CTinlmer 48 . Am Agrle Chem... 40 H . Am Agrle Chcm pi. . 67 4 Am Dank Nete 73 . Am licet Sugar... . K2 . Am Besch Hngnete. 46 4 Am B Shoe Pdy new 61 H . Am Can 484 7 Am Can pt 103 i2 Am car A Fuy....i3 Am Chleln 13 .. Am Cotten Oil 26 H . . Am Cotten Oil pf.. 544 , . Am Erug Syn 6 .. Am Hide A Leather 1514 . . Am Hide A Leath pf 70 7 Am Ice llOyi 6 Am Ice pf 814 . . Am Intcrnnt Cerp. . 6 1 Am-La France Eng 1 1 H .. Am Linseed 361 . . Am Linseed pf 59 6 Am Locomotive. .. .11214 .. Am Safety Razor... 0 .. Am Ship ft Cem.... 1514 .. Am Smelt 55 Ji 7 Am Smelt pf 97 V 3 Am Steel Foundries 37 7 Am Steel Fdya pf. 96 . . Am . Sugar Ref 73 7 Am Sugar Ref pf.. 98'i .. Am Sumatra 33 V4 fl Am Tel & Tel 121 V 12 Am Tobacco 140'4 6 Am Tobacco pf new100J6 12 Am Tobacco B....136H 7 Am Woolen 894 7 Am Woolen pf 105 .. Am Zinc Ld & Smlt 16 .. Am Zinc Ld & S pt 4074 .. Anaconda Copper... 53 .. Ann Arber 17 .. Ann Arber pf 49H 6 Asse V Goods 1st pt 81 8 Asse OH 1MU 6 Atch Tep & San Fe 98 G Atch Tep & S F Pf 68'S .. Atlan Blr & Atlafttle 2'. 7 Atlantic Coast Lln 95H .. Atl Gulf & W I S S 33 . . At (I ft W I S S pf 24 .. Austin Nichols 26H 6 Austin Nlch Inc pf. B2?4 7 Baldwin Locemotlvo115M C Baldwin Loce pf...108'j .. Baltimore & Ohie.. 42 J4 4 Baltimore & Ohie pt 59 U .. Barnsdale Class A.. 42"A .. Barnsdai Class B.. 33J-4 .. Bauk Bres 35 5 Bethlehem Steel 72!4 7 Beth Steel 7 Pf- 93' 5 Beth Steel B 77 .. Beeth Fisheries.... 7 7 Brit Km Stl 1st pf . . 60 .. Brit Km Steel 2d pf 2214 .. Bklyn Rapid Transit 20 H . . Bkln R T ctfs of dep 1 1 4 .. Brklyn Union Gas.. 93 .. Brown Shee 48 Vs . Bruns Tr 4H 7 Buffalo & Susq 75 8 Burns Bres A 128 2 Burns Bres B 41 7 Burna Bres pf 97 7 Bush Term Bldg pf 91 H .. Butte Copper & Zlne 6H .. Butte & Sup Cep... 27 tt .. Butterlck Ce 29 ?4 .. Cadde Cen O & R.. '42 6 California l'acklng. 78 .. California Petretm.. E5 .. Callahan Zinc & Ld 7H 10 Canadian l'aclflc. ..138 .. Central Leather.... 38 .. Central Leather pf.. 72is .. Cerre-de-Pasco .... -V4 C Chandler Meters... 79U 4 Chesapeake & Ohie. C4H .. Chicago & Alten.... BU .. Chicago & Alten pf i7? .. Chi & B III (new).. 23 V4 .. Chl& K 111 (new) pf 43 Ja .. Chicago & Gr West. 8Ji .. Chi & Gr West pf.. 20 .. Oil Mil & St P.... 24? . . Chi Mil & St P pf . . fH B Chi & Northwestern 72 U 4 Chlcape Pneu Teel. 70 .. Chi R I & Pac njt 6 Chi R I & Pac 6-0 pf 80 ?4 7 C R I & Pac 7 pf 9454 .. Chi St P M & O pt 89 .. Chile Copper ' .. Chlne Copper 28ft .. Clev Cln Chi & S L 6414 4 Coca-Cela J??? .. Cole Fuel & Iren... 31 3 Colerado & Southern 46 6 Celum Gaa & dec 8494 .. Celum Graphophene 3H .. Cel Graphopheno pi 151a 4 Cemput Tab Rec . 72 J4 . . Consel Cigar 27 .. Consel DIs Ins ,. 7 Consolidated Gas... 109 .. Conset Textiles.... 13W r-ftTitlnental Can.... 62 1 !4 1 H 14 'h i 4 !4 H 14 4 54 14 V4 1H i 54 2 2' 14 1)4 14 V4 H 41 H 97 91 H 6 14 27 28 1414 7714 54 A 714 138 3714 724 35 77 6414 8 15H 2314 4314 814 19H 24 39 714 69 T4 404 80 H 9414 89 1714 27 J4 6414 49 31 46 8414 314 1514 72 !4 27 100 Vt 13 62 104 v; 3714 3414 6014 23 89 !4 16 36 54 6314 118 116 2514 160 20 30 0314 1084 12 204 1314 7914 94 14 40 10714 164 17!4 14 5814 64 54 9914 7214 12H 79!j 94 3914 27 18 72 37 H 274 10)4 29 124 72 2 19)4 70j 17 74 1C4 3 714 414 36 li 2 54 7 27 8 17 U 744 :a 81 7514 16J4 4714 66U 1914 :e ?4 19 100 2200 4 Cern Products Ref. 105 !i 4600 2'i Ce'den & Ce 37 Je i'99 5"?.aS!i? itU 60J4 23 - 8914- I6- 3654- 63H 11814 116 - 2514- 163 20 30 85 108 -12)4 2014 1314 . 40 108 14 59 6414 99)4 80 94 39J4 -27 10 72 4 38 27 , 10!4 29 ! 24 19)4 79 17 7 104 3 714 41 3614 2-- 7 2714" 98 1 7 14 -75 3814 81 75 r 17 2100 2600 .. Cuban Am Sugar... 23 7 Cub-Amer Sugar pf 89 Jj .. Cuba Cane Sugar.. I6?i '. . Cuba Cane Sug pf 37 .. Davisen Chemical.. 64 H .. Delaware & Iludsenlljm 9 Del Lack & West. . .116 '4 1 Pem Mines... ,? 12 Klec Storage Bat...l"3U .. Klk Hern Ceal..... 20 .. Kmersen-Brant pf.. J" r. i-n.iientt.Johnsen .. fj 100 4300 2700 5330 500 830 930 1330 100 400 5700 100 1200 4010 500 4010 100 610 4J3 2610 600 210 700 15200 100 500 60010 2210 100 203 103 100 100 7930 100 100 7 Kndlcott-Jehnson pf108?i t?.ia ........ 1214 7 .. Krle 1st pf fOH . . Krle 2d pf W' g Famous Players L. 1 0 4 8 Famous Players pf.. 9414 4 Fed Mln & Smlt pf 4014 10 Fisher Bedy 108 .. Flsk Rubber 7V Wwen Tbc.. 7 ?j . . tinsten i"i " 6 Gen Am Tank Car. . .. General Aspnail... 5 General Asphalt pf. 6 General Cigar pAn.mi Toters.... E9?4 65 ? 72 Ji 13?i 'ti non Meters deb 6T0 80 ?8 7 Gen aioters ',u :t .. Goedrich B V Granby Cen M & M '. Grav Davis n i-.at Northern rf.. 94 40 A 27 18 72 4 ni-at North Ore ctfs 39 Oreene rananea Cep 2794 " Gulf Melille & Ner 10 ',', Gulf MQh & Ner pf 29 Guantnname Sugar. 129i '' Gulf State Steel... 72 ?4 Hablrshaw El Cable 2H " Ilendee Mfs Ce 19 !i .. Housten Oil '9 Hupp Motorcar.... 17 Hvdraulle Steel.... 7 '7 Illinois Central 104t ., Indlnhema Ref 3J4 Indian Refining.... 714 100 .. 200 . . 903 . . 103 .. 100 .. 2700 . . 100 .. 103 .. 200 7 1100 .. 100 .. 100 .. 200 23 100 S 2700 . . 5200 2 300 0 100 .. 3203 6 1 900 100 7 200 7 Jnsplrntlen Cen Cep 4HJ Int Cement 36JJ luierb Cen Ccrp... 2 Ya , Interb Cen Cerp pf 7 I Inter Comb ling.... 27?J 0 Lit Harvester new.. 98 Int Mer Marine.. .. 1714 6 Int Mer Marine pf. 7514 Intermit Motoi truck 39 !4 7 Int Motertrk 1st pf. 01 7 int Motertrck 2d pf 75 International Nickel 17 . international Paper 84 C Inter Paper pf stpu 67 . invincible Oil Cerp 19)4 . Iren Products 28 U . Islund Oil ! . Jewel Tea 19 Jenes nres Tea. ... te . Kan City Southern.. 27 4 Kan Cltv Se pf.... 5694 Kansas & Gulf 5 54 g Kieser & Ce 96 . Kully-SPB Tlte.... 47 ?i 35)0 2510 1100 3200 700 5100 100 200 1600 400 4100 100 3200 48 67 i- 1 t- 19)4 2014 I- 19 i 39 f 16 -E6 I- 5 96 47)4- 26 H 5614 5 96 47 DIVIDENDS DECLARED Dlv. in I I Advance Impert Outlet en Copper 8 II. Kress Ce.. quarterly II en com-, rneii. wijabW .May I te " of rcierd I WUkhlncten, . .L. . in lliu jn,.tn?0Q April .u. 1 copper reducts, I yiuuut.t Vacuum Oil 1 empimy, i"uii-e,,,"i !-, ,An. u,. an .vim s nrr rent. Inith pnyable neunced In a nepnrtment or ;"" 7,V" .,. rattli today from Teklo, The r.ew duOi iir. May HI tu stock of record May I 'Copper Icivuta and ,,..... Vnrth.rn Imn Ufe. 'J On Crtriin' .'?"."'.' .",e f ........ k.n.nriil Interest, payable Anril IfU. I v,nn. r,Amr,.ntf nf lennavlvania. auaf. plans and aheats. 16 yta, pemparyd JP.'. yen. The .department advieaa aW thy In crtMt "Jnttnetd te bwmtfiu. V tarlv 11.78 en second preferred, payable May si reUll'l ArM 1 1 P. 111 Bales 100 100 1400 2200 100 1200 BTOCK IllKh Lew 111 105 30 17 14214 51 3314 60 168 167 IIIH 1314 13 4214 149 11614 83 1114 20 7314 48 73 60 4014 3914 874 18 6074 27 2874 3214 6174 2014 119 124)4 . Kelsey Wheel Ill 7 Kelsey Wheel pf.,,103 , Kennccett Copper.. 3014 . Keystone TAR..., 18 6 Krrsg-c S S 14214 Lackawanna Steel.. 5214 2 Lee Ruhhar Tire... 33V, 103 3014 17 14214 5214 3314 6074 200 2000 8U Lehigh Valley 61 200 12 Llcirett A Mvtn. 168 168 200 700 tee 100 700 100 300 100 400 400 100 100 200 "4000 100 1800 100 100 300 300 100 100 5400 3100 100 17200 13 Llgg & Myers CI B167 7 Lima Locomotive... 112 , Lecwc Ce 1 5 14 1 Left Candy 13 .. Loese-Wlles Biscuit 42J4 13 Lerlllard Tobacco. .149H 7 Louisville A Nasn.. 11614 6 Mackay Ces 83 7C Mclntrye nw 19 .. Malllnsen & Ce.... 20)4 7 Malllnsen & Ce pt.. 73)4 .. Manatl Sugar 48 7 Manatl Sug pf 75 4 Manhat KIce Supply 61 14 7 Manhat Elev Ouar. . 40J4 Manhat Shirt 4014 .. Market St Rwv. ... 8ft .. Mar St Rwy 2d pf . . 18 6 Mar St Ry pr pf... 60 J4 .. Mnrlln Oil 2714 2 Martin Tarry 28 Vt Mlh Alkali 3214 .. Max Moter Class A 6414 .. Max Class B 2114 8 May Dept Stores.. 119 12 Mexican Petroleum 127 14 167 112 Dlv. 1514 13 - 42 149 11614 83 19 20)4 7554 48 4U1'2 3974 874 18 6074 2714 2874 3254 6454 2154 119 1264 600 Miami Copper 2854 2814 13 3374 10 714 1374 35 17 1614 2.? 5414 611 103)4 1914 31 li 111 137 4I.-14 31114 11714 1074 514 1514 65 72 87 (iP 2014 27 10414 7414 56 42)4 75 28)4 12 2 18 12)4 60 6814 1474 54 Vt 57)4 51 41 814 82)4 29 6514 7114 38 1974 40 9)4 55 62 , 30)4 80 77 2714 86)4 12354 41 31 101 100 15 76 36 33)4 5314 7814 7 4414 1414 59 3654 1374 3014 5154 3014 44 21 3 74 5 10 7614 13 814 44 25)4 42 87)4 23)4 54 97 54 114)4 40)4 48 117 108 474 574 201i 4 2 11 4474 41 32 26 20)4 fc275 94 42 45Ka 62 18 J 34 J4 73 31 ', 147 13 33 46 3714 5 4714 90 62)4 6414 10414 38 -7Ji 117 f47 16 43 34 74 77 li 1014 9 2854 13 3414 14 -35 17 1614 2274 54 68 10314 19 137 4014 3654- 11714 1074 6514 72 87 68 2154 3014 10514 54 28 J4 12 2 18 1254 60 8 5214 4214 8 6614 71)4 3P54 -9 55 rISS1,20 Mldlle States Cerp". 13 6600 Mid vale Steal 34 100 200 6100 200 200 200 1900 2100 100 500 11800 , 1700 200 100 100 900 100 100 300 1500 900 100 2100 100 14100 23800 8900 200 2400 100 3500 100 200 1200 700 300 100 200 100 6500 7100 2200 110 0 3100 100 7600 1800 200 1500 1500 400 800 1700 200 4200 100 400 100 530 2000 300 5200 100 100 1400 4600 200 20800 2300 100 100 9100 4300 .. Minn & St Leuis.... 10 . . Me Kansas & Texas 714 .. Me Kan ft Tex (wl) 1414 .. Me Kan ft T (wl) pt 3514 .. M K ft Tex 1st aw.. 17 . . M K&Tpf lBt nw.. 16)4 . . Missouri Pacific.. 23 . . Me Pacific pf 55)4 8 Mentana Power. . . 68 7 Mentana Power pf. 10314 . . Montgomery Ward. 20 . Mulllns Bedy 32 . . National Acme 16 7 National Biscuit... 137 .. Nat Cleak & Suit... 4014 .. Nat Dn ft Stamp.. 36 Vt 7 National Lead pf. .11714 .. Na'RR of M 1st pf. 10 J4 Nat R R of M 3d pf 5 .. Nev Cen Copper... 154 6 N O Tx ft Mex. ... 66 NY Air Brake.. 72 B New Yerk Central. 8814 6 N Y Chi ft St L 2 pf 68 .. New Yerk N II ft H 21 2 New Yerk Ont ft W 3014 7 Norfolk A Western 105 14 4 Norfolk & West pf. 75 3 North Amer ctfs... 5774 3 N American pf ctfs 4214 C Northern Pacific ... 7574 . . Neva Scotia S ft C 2814 . . Ohie Bedy A Blewer 1214 . Okla Pred ft Ref. . . 2 14 . . Orphcum Circuit... 18 .. Otis Steel 1214 . . Otis Steel pf 60 6 Pacific Gas ft Klee. . 68 . Taclflc Mall 1474 3 Pacific Oil 54 6 Pan-Amer Petrel... E8 6 Pan-Amer B 5214 2 Pennsylvania R R.. '4214 .. Penn Seahd Steel.. 8 5 Teeplcs Gas 'Chicago 8214 . . Pere Marnuette. . . . 3014 G Pere Marquette pf. 6614 5 Pore Marnj prier pf 71 8 Philadelphia Ce.... 38 .. Plerce-Arrew Moter 20 .. Plerce-Arrew Met pf 4014 .. Pierce Oil 9 8 Pierce Oil pf. ..1.. 55 6 Pitta Ceal 62 . . Pitta West Va 30 6 Pitts ft W Va pf.. 80 . . Pressed Steel Car. . . 77 .. Producers Refiners. 2714 6 Pub Service of NJ.. 6 8 Pullman 12414 .. Punta Alegre Sugar 4214 2 Pure Oil 3174 8 Pure Oil pf 101 8 Railway Steel SpglOO .. Ray Cen Copper... 1514 4 Reading 76 .. RemlnKten Typewrit 37 .. Replogle Steel C6 .. Itepub Iren & Steel. 54 2 Rep Iren ft Steel pf 7814 .. Republic Meters. ... 7 0 Reynolds Teb B.... 46 '4 "A 14 Vt 14 H 14 114 14 62 30 80 77 124 41 3174 101 100 1554 76 37 34 5414 7814 74 4574 20 5914 114 14 K 14 !4 14 Rebert Relt A Ce.. 20 25100 G. 20 Reynl Dutch N Y. 100 .. Rutland pf 100 1 St Jesenh Lead... 60 35i'4 3L'4 13T1 it 8100 .. st Leuis San Fran 3074 200 .. St L San Fran pf 51 li 1400 .. St L A S W R R.. 30 900 ..St L Southwest pf '474 300 .. Savage Arms 2174 5500 .. Saxen Moter 414 100 .. Scnbeard Air Line.. 5 700 .. Scab Air Line pf.. 1074 3300 .. Soara-Reobuck .... 100 .. Seneca Cep Cerp... 300 .. Shattuck Ariz Cerp 77 13 8 45 26 4274 87 2374 5414 14 214 14 14 Vt Vt 14 27J3S3Va Shell Transport.. 21100 Sinclair CM! 800 2100 3703 730 1100 800 4100 700 24330 300 80) 400 1100 1100 200 1500 4100 830 47.00 1 6230 1200 500 7600 400 100 400 16C0 700 600 000 200 1803 2000 3300 1800 500 2100 100 500 3400 200 6 0 16100 203 6100 800 8400 700 100 2103 601 3530 1400 . . Sless-Shefritdd 6 Southern Paclflc... .. Southern Rail . . Southern Rail pf . . . 4 Standard Oil of Cai S?4 7 Stand Oil of N J pfll4 2 Stewart Warner Spa 4071 .. Stromberg Carb.... 4874 7 Studebaker 119 7 Studt baker pf 108 .. Sub Beat Cerp.... D .. Superior Oil Cerp.. 6 .. Superior Steel.... 9 .. Sweets Ce of Amer 4)4 .. Tcmt Cern & F "A" : .. Tenn Cep A Chem. 11 3 Texas Ce 4514 .. Tex Gulf A Sulp 4154 .. Texas A Pacific. 3314 1 Texas ft Pae C A O 28 54 .. Third Ave 21 6 Tobacco Products.. 63)4 .. Transcen Oil 101j 4 Transue Wm Steel. 43 3 Twin City R T 4514 6 Union Bag A Paper 62 '4 .. Union Oil 19 10 Union Pacific 135 4 Union Pacific pf 73)4 .. United Alley itecl.. 31 g United Fruit 147)4 .. United Rwy Invest. . 14 . . Unit Rwy InveBt pf. 3414 6 United Retail Stores 4714 .. U S C I P A Fdy... 38 ..US Feed Products 5 ..US Ind Alcohol. . 48 7 U S Ind Alcohol pf 00 ..US Realty A Imp. 62 ..US Rubber 05 JUS Rubber 1st pr. . 105 ..US Smelt A Ref... 3814 5 U S Sieel 98 la 7 U S Steel pt 11714 2 Utah Copper C6i4 .. Utah Sce 1614 ., Vunadlum Cerp.... 45 Va-Car Chemical... 35 ' Va-Car Chemical pf 77)4 1 14 '. 14 14 14 14 H 14 !4 H 14 11-4 I 14 , 1 54 Vlvadeu Inc.. 10. . . Wabash , . Wabash pf A 1 Weber A Hellbrener ! 32 13 79 10 1074 20 Vt 55 Vt 98 31 13 79 10)4 18)4 20 55 74 97 90 61)4 9)4 20 43)4 974 15 54 8 3974 41 117)4 5314 88)4 14 100 a,j Wells Furge Kxp. . 1700 1800 Western Maryland. . . W Maryland 2d pf. . . Western Paclflc. .. . C Western l'aclflc pf. 7 Western Union Tel. 200 100 400 100 19700 403 300 200 600 800 4800 600 300 100 300 100 14 I 4 WestlngliotHe A Br 90 4 Wealing, LA M.... 62 7a .. Wheeling A L H. . . . 9)4 .. Wheeling A L li pf 20 4 White Moter 43 '4 .. White Oil Cerp.... 1014 ,, Wick Spelic St Cerp 16 .. Willys-Overland ... 91, ,. Willys-Overland pf. 40 ,. Wilsen & (V 42)4 7 Woolworth V W ptl 171-4 4 WoitliinKten rump &4 7 Woith Pump pf A.. 88)4 11' 14 14 ' Bank of England Statement April 0. A sharp nmance "?" "''Jiie week . . j...... nn reuwr snil ,"."- """:!.""""" "., Hie 1." ....... rer.r snd i "'. Ialand slmwa t unwurv u..-- w" - LiiunKcsi 101111 reaerv., . Merr erfectlve Mnrrn """ '' utiuitivu -'.,'"",,. ,,iu L'lTCU InllUIl IT! THRHfll E17M.IU I fU.n.iJ.OUp. slhir depuslta Increuhed II.N111. oeu. public deposits rierriHHMl (S.hs oeii netea .reserve deLreawd (74 000. OeCernment t,ecurltle Increasea tl3.USl.0UO. The pro pre pro penlon gf the bank'e reaerv te liability this wf ' ,8,81 Dr c,n" .week It wm slnba, v un iMimuurrd Vt '!.? TJ ."JSP'."'.,?'."!.!.? V''M' ' ' ri 1 LOCAL OPERATIONS :80 Net f. Chit's H ON LARGE SCALE New High Prices for Pennsy, P. R. T., Storage Battery and Phila. Electric 14 14 114 54 Vt 2 'a ',6 H 14 Vt 14 114 Operations were en n large scale In the local stocks In today's market nnd further new high prices were made by most of the prominent Issues. Interest 1 continued centered In Pennsylvania Hnllread, Philadelphia Electric nnd V. It. T. Pennsylvania for the first time sine 1020 crossed 42 en strictly Investment 73 60J4 I' - buylnfi as the prnctlcnl assurance 01 the management of an early return of the 0 per cent dividend rnte has served te bring many of stockholders back Inte the fold who were scared out of their II holdings lest winter by Injudicious nnu alarming reports concerning the sta bility of the dividend made by person 214 H 2)4 14 "Vt 14 "!4 who did net have the business te cie 80. At today's best prlre the stock was within less than 2 points of die high quotation of 44 In 1020. The highest level In 1021 wns 42, made In .Tnnunry. With the reduction of the dividend from a 0 te 4 per cent basin, the stock reached' the low level r.f S2nA in April of last yenr, rallied te HIl'i '" Septem ber, but cased off again te :12SA in De cember, Many of the small sharehold ers who worn influenced te sell their holdings by nlarmMs reports circulated concerning the company s financial po rtion nre open In their condemnation of these Interests who went out of the way te put the scml -official stamp en these regrettable ntterancrt. Demand for P. It. T. continued very active, raising the price te a new high level nt 31, or a Vt above the "top" reached In yesterday's bulge. There were veiled reports en the street to day of some very interesting develop ments being near at hand concerning the P. It. T. management position to ward some of tbe underlying companies. Rumer had It there was likely te be some sensational changes in tbe direc torship of some of these properties. After the wonderful stcccss of the Mitten following In the recent measur ing of swords tbe Street Is prepared for most anything te happen. Mere especially, when It Is hinted It will be much in favor of the P. It. T. shareholders. The Philadelphia Electric Issues moved into new blnli ground, tbe com mon reaching 28 and the preferred 2S'j. Most nil hands lire new fully convinced the 8 per cent dividend rate for the common Is practically assured. The further elevation of Electric Storage llattcry te a new high pinnacle at KWJi was merely a rellectien of the violent movement in tiiat stock in the New Yerk market. The new "top" rep resented a sain of i points ever yes terday's final quotation. 14 "Vi "Vi 54 "yi 14 Vt 414 1 1 354 114 !4 114 V4 Vt Vt Vt Vt "l4 14 14 1 14 14 !4 "'14 V 1 14 Philadelphia Stocks in.". High low P. it. Net chKc. - uiii am mores ii7i vr 11.174.. 35 delstpf.131 l.'IO 1.11 Vi lOOtll & O... 42,- 42j 42i-f Vi 10 tde pref.. B0V5 151) (4 5IM.4- 12 200tUtttte Cep ft 14 04 AVI SO Hrill .T G. 40 40 10 "i 30tCub Cane 14 174 V4 !4 54 Sugar pf 37 .1" 37 lOtDavisen G 03 03 03 405 Elec Ster.10.1Vj 100 10.li. 100 de new.. 41 Vi 41 U, 41V- SOOfErle .... 12i 12i 12,4 20 Fourth St Hank ...300 300 300 r30tGen Mtrs 13 l.'Mi 13V. J4 74 1'4 54 "l 6 20flnt Nickel 17Vi l"Vi 5 Key Tel pf 31 .11 227 Lake Sup. IOTA 10 1)0 Leli Xav.. 72 U, 72 VA 210 Leli Vnl.. 01 1 1 17Vi Vi 31 2-i IOTA 4- a T2V4 Vi 14 in 20tMex Pct..l2.0.'4 120V1 120V12V1 lOOtMtam Cep 28.. 28fc 28Mt Vi 3514 1014 1374 !4 30)4 14 51 !4 V 3054 .. 44 - 14 2174 .. 1UU.1 J. . 11 & II... 20 207i 20a, 4- lOOtPac Oil... r.lVa 51'', 51'. 2721 Pen nn It It 42 Vi 41VS 42VI SOtPemi Sbd 414 5 1074 76 13 2574 42 07 54 23 54 54 97)4 114)4 4054 4874 118J4 108 5 6 39 1 Steel.... 8Vi lOOtl'ere Murq 30 100 Phila & W 871 225Phlln Ce cum pf.. 30 SVi 8V1 30 30 8;h 8?i-j- 30 30 . . 27 27 28Vi 2SVa 3lVi 31 30 30.. 70 Vh 70 VA 1314 Phila Elec 2S I 1HI5 de pref.. 28 Vi 3rH. 1'iun It T ;n ;h '.)UTStL&SF 31 20tSears-Itbk 70 li. 20tStmlebkr.ll8 118 118li'i lOOtSeuth Ky 23 23 2.1 A 1(UIT..w.,.. (,; I-'" A-'" T-'8 .'S ..ui.tAin ..u, lu i,j .j, 1 iUUT'.H'Xni 1'ne C & O.. 27' 240 UnlenTrac 41 " Inv .... 14 337 V G I.... 44i 178 de pref . . 53 lOfWestlise K 02 125 War IKS. 8 isr. W TV.U 001 154 !4 14 02-15 8 35 1 022'A I -5 W . 4 -2 . 11 45 -41 33 27 2074 6274 974 43 45 5i 62 19 134)4 73)4 31 li I47)i 14)4 33)4 47)4 38 5 &l' 90 62)4 64)4- 1041J 18 -90)4 117)4 fc5 -16 -44 3474- 14 " tii-ran, oe 'AC) VnrU TI ..f '1(11. no,i in,," 54 14 114 54 Vt 14 INet chiMiCH mad liy cemiurlfnn with lni ale en New Yerk Stock Exchnnse. rillLADKI.rillA IIONI1S 2000 Liberty 1st 3.s '47. 1000 Liberty 2d 4VTs "42. IKXM) Victory 4y,N '23.... 3000 Amer Gos & Elec 5s 100 Amer Gus & Elec 5s 1000 Electric & IVe 4s. . . Oil. 20 . 110. OS .100.SS . M'., . 8.1 . 07 1 ', Jiwii m'Iiirii alley lis 'ZS. 102 5000 Plilln Elect lie 1st 5s.ll',)'ts 10T1,. 500 Phila Electric 1st 5s. .. .. wJ I iDinni 1 14 1 Vi FOREIGN EXCHANGE New Yerk, April 0. With the ex ex ccptlen of a gain of J.j point in tier- I man mnrks, the entire market at the I opening today chewed losses frm us. ' tcrday h linuls. ranging up te 10 p,;i'ts In Swedish. 'I he prevailing note of discussion In foreign exchange circles was the prospect opened up bv the call of Great Hrititln for the acceptance of interest obligations responsibilities bv its debtors. Sterling vwts only ',, down, but showed n less of 1 1,(. fr, the recent high. Francs lest 2'?, Hel- 1 glnns, 1 . ; lire, 1 ; Swiss, 2 ; pesetas 3 ' Danish. 5; Norway, 2; Swedish, 10,' 1 and guilders, 5. ' At the end of the first hour the mar ket declined further en n limited volume of dealings. As heretofore, most of the orders came from foreign financial centers. Sterling cables shaded te 4.38 and 4.3SVA for demand; fr.uv cable 11.10, checks 0,01); lire rabies I 5.18, clinks 5.17; murks, .321. Central European exchanges, with the exception of Oxorhn-Slevakia, Ju. gariuu and Greek exchanges ucre lower Austrian and Hungarian eie quoted close te the lowest figures jet recorded The Improvement in Cztclio-Sletalda Is applicable te Urn strong iliuiiir-ial pesi- ' tieu of that country as shown by t.(. successful lean offering. Greek ex change wen nominally ,1 points higher 1 54 2 54 54 74 )4 I 77)4 1014 9 31 1354 79 - 1014 10 20 5574 I 90 f. DO 62)4 9)4 20 4314 1554-8- 40 I. 41 -117)4- !i )i 74 1 111 t.tu. wiiht iiuuiaiinus were! It,, . giiriiin, .72; Humanlan, .71',; Seihlan 1 .23 ; C.eehe - Shivaklan " I s.V ' Greek, 4.45; Polish. .Olillii; H,,i .' l.S2'i; Austrian. .01.171,; ,, J guriuii, .HOs. , . t, ,.. . . . . -,.,- ''374 f 88J4 254 Ihe premium of New Yerk funds in Montreal today wns 'H le,,r nt -.7 per eeut. The discount of Cuu.tdlu'n funds in New Yerk was 2V, per ,.",," u - tm.nt fellDtting Imllu- . YKSTKHIMY'H CLOSING (JL'OTATION.s niiTiniK 1 runes ,ir,. (iui'.i.,,. J UU (...If ." . "Ul , I'll ::& S. i4 5y 3775 Demand Cables Trt.v,ii .i...... ',.i w.nft a m i-.i,u wuur.vrieisy ru jajGfEje"" fn- Lie. ,.,JWa j ;5ih .7u If a man is ill, the doctor is called te his bedside But when thevsame man has money, saved after months of toil, tee often he relies en his own judgment in the employment of his funds. Half a billion dollars were lest during 3,920, it has been estimated, . in the United States alone in fraudulent and non-productive enterprises. The layman does net pretend te be familiar with the proper treatment of typhoid fever or te recognize a dislocation of the clavicle. Why should the investor be expected te understand the value of the related items en a Corporation's balance sheet; te knew the amount of traffic density en a railroad sufficient te support the mortgage debt; or te be familiar with the safe amount of capitalization per horse power in the case of a hydro-electric property? In offering investment securities the banker has had years of training; but, in the final analysis, depends en sound judgment, which only experience teaches, quite as much asi en statistical information and a thorough knowl edge of his subject. Consult your Bank or some reliable Invest ment Heuse before purchasing securities. Biddle & Henry 104 Seuth Fifth Street Philadelphia II 1 FREE FROM STATE TAX IN PENNSYLVANIA AND EXEMPT FROM ALL FEDERAL INCOME TAXES . $350,000 CARBON COUNTY, PENNA. HIGHWAY IMPROVEMENT 4J4 BONDS BONDED DEBT LE89 THAN 29c OF ASSESSED VALUATION AND OUTSTANDING AT THE RATE OF LESS THAN $10 PER CAPITA. MAUCH CHUNK IS THE COUNTY SEAT. PRICES AND MATURITIES A8 FOLLOWS: $175,000 DUE APRIL 1, 1937, AT 104.16 58,000 DUE APRIL 1, 1942, AT 105.07 58,000 DUE APRIL 1, 1947, AT 105.82 69,000 DUE APRIL 1, 1952, AT 106.42 ACCRUED INTEREST TO BE ADDED TO NET m SUBJECT TO APPROVAL AS TO LEGALITY BY MESSRS. TOWNSEND, ELLIOTT , MUNSON REILLY, BROCK & CO. BANKERS 306 CHESTNUT ST; PHILADELPHIA Proven Public Utility Bends A Necessity Baker, Yeung & Company JOSEPH W. SWA IN. Jr.. Munaier Lund Title Bld. Bosten- Philadelphia NORTH AMERICAN EDISON COMPANY 30-Year C Secured Sinking Fund Geld Bends Due 1952 rennsilTunla 4 Mill Personal rrentrty Tux Ittfundiililc Price 92v and Interest Te Yield 6.60 EDWARD LOVVBER STOKES & CO. 20 Seuth 15th St., Phila. I.Otl'HT 0315 Leng Term HIGH YIELD Cities' Service Ce. 7f( Series "D" Debentures Ail: for Circular l).t Henry L. Dehcrty & Ce. 801 Merris IU ItHitc. I'lilla.. pa. Tennessee Power Ce. First 5s, 1962 Arthur C. Richards & Ce. I'ruatr Irlrphenr te ,vM, YerK UreM'l HttiKilnc . TOM. K stone, Main till Rtll, lvn Smrviem anil Stability As the fire and compen sation insurance policies have become a factor in our industrial transac tions, se, tee, has' the Title Policy become the universal instrument of protection in the con veyance of real estate. Integrity Trust Company Fourth and Green Streets Capital $500,000 Surplut a Profit SI, 800,000 "PENNSYLVANIA" COAL CRUSHERS Prrpurc liny U'nd of cenl will rek wtb jeii ran Krt for nil kind of slukers. I'remi't drllirrlm. PENNA. CRUSHER CO. Mlrplirn filruril HiilIilInK J'ieie lltt. 37li ler Invt inalle". C S. PATTON & CO. 3I .' fllKMTVI'T -TS. BANKERS MrrrrNMiri. te SAII.KH X tTKVHXR!)N Iiendu and ai4k bought w.nl at litter ", VX Vi A I br.yfeH,l y pisg - )! -'"' 4 .ifiV-.A, -,., , fiPtrttsjtt . ij.fx. , -,, ...it-w'.','.,;'". ''- i,Yi k'?Ll, s&'. Uii
Significant historical Pennsylvania newspapers