SjL .i r-p K?" WAAl. &m m 4 il of Income Builders Our April list of bends will aid you in the selec tion of attractive securities. Sent en request ?m m BBS' wr .:& . ;v.. U.fc IV- Tie National City Compain Plilladelpl la 1417 Chestnut St.' Atlantic Cltv ChVfnnle Blecli 1223 Boardwalk L n i . k City of Meadville, Pa. Scheel District 412 Bends Due 1927 1052 Tax Frce in Pennsylvania V - 1 iv &, Prices te yield nbDUt 4.15 Harris. Ferbes & Ce Pine St., Cor. William NEW YORA PHILADELPHIA OFFICE Widener Bldg. Telephone Spruce 704.0 N We own and offer N. Y. Chic. & St. L. R. R. 6s, 1931 Tax exempt In l'mn i. and free from Nerma! Federal Income Tax lit n price te Meld etrr 6CV current. WlDINIR BtD IHIIA0ILHIA Mtmfart Pktlaltltkit mJ A'ru Iwr itui EMljlfrt turn Mm i iiuaira. a i. . Cincinnati Gas & Elec. Ce. Convertible 8 Secured Geld Notes l'ue December 1. ID 2 J This (empany has one of the longest dividend records of ar corporation in the United States, dividends, of lint less than lrr beintf paid continu ously for ever GS years. Pres ent rate of ec has been paid since 1910. HV e ter Cticuldi I.-r, A. B. Leach & Ce., Inc. lv raiment SecuriUc 115 Seuth Fourth St. ft Shrevespert & Elderado Pipe Line Bought and Sold Frederic H. Hatch & Ce. 74 Broadway New Yerk Phiia. Telephens Lecuit52-30 tj- 8 - ft" . BALTIMORE & OHIO Equipment Trust 6's Rue 1930-.J1 Price Te Yield 5.70 Edward Lewber Stokes & Ce. 20 Seuth 15th Street PHILADELPHIA Lecutt 034S YOUNG MAN desires office position; five years' bond bend house experience as trader, statistjcian and correspon dent. Excellent references. A 232, Ledger Office. y1 ;(, w ronselldated Trrtctlonef N. J. . . Jrner City. Heb, & I'atrrnen Ry, Tu.rle...l Kulluar A I'll! Ile B PuM.e derUe t'ern. N. J. Pffl?' Indiana Htrrlce Corvrntlen All Issue" Samuel K. Phillips & Ce. Member. Plitltdelnhla rilerk F.Tchunie v B0J CHESTNUT HTUKET 3KT Title Officer Wanted X, JSW'WSPLXSSUSriiiiL uleng cemparutirely narrow lines fuuy .PjM'lM,.,"," ""'erZi'ry. '8:53S.' DIVIDKNDS DECLARED mJ! J&Ur&?M BANK '". " " .'LY.,. .. L.. iJZ. l.....ll. I'tVVK."" iTKi" "i ;.Hta.n .40d. ,.. r, .tT .AV.mA ii;.3.J""vJi !!7.ti was.ireeiy Hank a ear Inra I aEffiTHSfpCgsST w Bl?.v;v.:::!:::: J: i . t :2$te:f$iS!. &atVtfSSSTS dSmL&suBfe&lQi te'vani,ng W PfgHMTmri - RsaSrrv:::u;;;;:aM waw&sviir ,. -.---?- , -jsr Vr7 "' r"' " -m,m IMrtiiW-r ai-ffri r?f IMi'i rU - s rmmium i-- .v. . nny r ,. : vi .. STOCK DEALING BROAD AND ACTIVE Salti 100 1100 200 5300 1300 100 300 300 S00 J 00 2100 200 300 tee 400 tee 100 tee 100 tlOO 200 1500 500 100 200 2300 1800 tee 100 3200 200 330 703 200 200 100 100 1100 3200 400 200 7800 200 100 300 100 4100 400 2000 100 6800 8100 200 800 1300 1330 7400 100 200 3)0 100 400 12I0J 420J 100 703 700 103 430 100 8 J3 2J0 230 200 230 1730 2433 3630 100 100 2700 3600 833 203 203 203 300 400 1500 3830 5000 37100 100 100 100 330 1700 100 100 100 100 100 103 1630 1200 103 930 100 800 930 300 ; While Industrials Yielded Under Realizing, Rails Climbed te New High Levels New Verlt. Atrll ". Dealing" con tinued breed nml ertlve In today's stork market, but price movement was mere Irregular. A heavy eluiuc of profit prefit tnklng wiih encountered, with the renllz- Ins iwrtlculnrly noticeable In peme of the recent active speculative leaden. J his Wnn offset liv thn otrenvtli nf lm rulK especially the cooler group, which I mode new prices for the year. A ' number of xpeclaHles were nlse given fresh whirls carrying them Inte new i i.'ph ground. ' The spertaciilnr movements of the art few lsn brought ferfli advices of! mi tlen from most of the leading coin- I mission house and while no effort wa ' mule te belittle the strength and scope f tin1 cm com eenstiiictlve movement, i till the opinion was expressed the nc nc tlen of the market called for both dis cretion mid discrimination. The pare , of many of the Industrial specialties I was r-ganled as tee rapid for the safetv ' of the general llt In that It Mas be- i .I"'-..,; the possibilities of future had I already been iirgely discounted. ' A- In the iiccedlng sessleus, there! wns piactlcally no association of the I ft 1 1 1 r it t movement with the news or de- olepmen,s. and mere attention was paid te the market's own internal pesl. tlen than te ettMde eccurrence1). It I was mum!? qnestinn. as In nil major , iiieirim'iii". (i nui'in.'H u discover wnerp the li.tlitninr: was llkelv te strike next. I 'urn native eiidi'tire of continued lm lm pretiMiieut, however, was te be found both as te the commercial and Indus trial situation, while further pioef of the steadilj improving banking was pre--ented in the Pedctnl Heserve state ments. Sluilebaker was anion;; the pteminent tecl,u te hew the early effects of ivnl iliig sale-, falling 'JVi points. Chandler. (Ji'iieml I'lectrlc, Mexican I'eti eleum and I tilted Fruit aKe leaded 1 te 12 , points The demand for rails expanded i during the morning, Iteadlnz, Lehigh Vnllej and Net folk and Western i!iti' 1 te 12 points te new hich prices fer1 the 'ear. Canadian I'acllie. Atchison,' ICeek Jsinnil and New Orleans, Tevas and .Mexico ulse strengthened. tiulf States featuied the Independent steels, ilin,j ." points, and Otis, Slnss.. Shef field ami (it eat Netthern Oie made ni'tewiirthj gains. N"w fenttnes wete presenled In the tespense of the local tiactlen steiks te the proposed plan by which the Inter borough Rapid Transit sjstem will be released fieni the burden imelveu in the Manhattan lease and which appar ently avcrtw receivership for the inter borough. It was generally believed the suggestion of Judae Mnjer will be ac cented, which will consceiienllv cli'iie I up much of tlie uncertainty concerning the complex Interboreugh situation. Seme of the bends lese .'! te 7 points, and the preferred stock made an ad ance of lr,s te P', while the common stock lese Ts te !H. The greatem gain in this reup. heweer, was in Manhat tan Ciuaranteed. which rose 4 points 'te 4I1-... Ilroekl.wi Knplil Transit was also in urgent demand following definite I statements that a plan will seen be an nounced for the icorganlzatien of that . sjsteni and the removal of the receiver. Commodity Markets GRAIN MARKET Chicago, April 0. The wheat mar ' ket etiened steady, unchanged te '-c advance and early in the day was firm ' ' with moderate selling pressure and a fair demand fiem shorts. The Liver- neel mat ket was Ud te 1 jil lower early. but closed steady at unchanged te Vt'l net lower r ml with Hucnes Aires up ' ' i The cables were lensldered sat sat Isfncter.v. There was little new expert i 2300 businesj in sight, although there were four sales of .Manltebas late jestcrday. The fact that the Government report was due after the close and would show the condition of wheat and rje served te check buslnew te some extent, as operators were disposed te ecn up for J ecr the report. Cern staired unchanged te asC higher ! and was firm w'lth wheat and en cev- , ering. Oats were quiet and steady at un changed te 'c advance. I Previsions were dull and slightly , easier in absence of demand and en easier cables. Hogs opened unchanged 500 1300 700 2200 200 1930" 200 10 730 100 700 4830 2030 100 2030 100 103 100 530 800 203 1100 100 200 41703 100 100 100 100 100 3833 3803 2B30 203 100 2100 100 400 830 200 103 100 500 i te en higher. wne.it May 1 July . September Cem Mhv 'julv .. . . ii-ptfinb! C)at May July i Sent mbft ' Hr sptiniber Bid Tt. ilone . 1 30'; Opti I.307 1.1U'. l.lS'I e. 40H en . . 1 lS't ir,' 39' COTTON MARKET New Yerk, April 7. The cotton mar ket was mere active early. Plrst piices weie .'I te 1U points higher. There was a geed deal of swapping in old ciep months by big Interests and consider- I able selling for Liverpool and New Or- I leans account. Leenl support en un settled, cloudy weather in the belt and Inning bj Japanese interests were In I c Inenee. After the start the list was liarch steady under liquidation of Mav, i which t educed Its premium ever July bj several points. Receipts at the ports for the day are , estimated at l.'.OOO bales, ag.ilnst 17,- , 'J.7 bales n week age, 21,7211 bales a' 100 1 1 j ear ego and SO, 320 bales two years 200 2930 2300 100 2200 200 4100 5030 200 500 1000 78J0 5400 200 100 700 100 3100 9100 600 Prlnus VJ 00 (lese Opu Noen . IT i 17.UU 17,78 17 31 17 3rt IT 2S . . 17 10 17.1 1T,0 17 fit 17 07 . . . . It). (it 10 08 . ... Mm . Jub Oielr December Jununry fild New Yerk, April 7. The New Yerk Cotten Pxchange, It was announced to te n. will be closed en AprlH 2fl In order te 'facilitate the moving of its equipment te timpernry quarters In Wall street. Operations will be resumed May 1. The present home of the exchange will be tern down and a new twenty-two story structure erected. NEW YORK COFFEE MARKET Nrw Y'erk, April 7. Near month shorts weie active uujers again ill ine start of the coffee futures tills morning gtBl, ..., ,1,,. , or, strnni. enhleu from ltle and uf Santes. - Plrst prices were te 13 K.ren"'.?! SMSV'A enV.: I "bfiu .,... i i..i... .i. l,..l,. ..-,.,-l,. nil . inu" ncMlV inonlhslme new'ldgh gunu feV ' WaWS ' iM"' the ,.mi, nn.l wnsnn. " ...,,. .... . . y. - ,B's 103.1 let 4' 104U Dect 1UI0 tllleR initial HKun'N. Beth Hie nnd HanteH were reported higher by Hpcelnl cables in in.- i. ....... ..I a li . nAhiinna The opinion wnn eips(i -inm .1 ( ., While there nppenred te tie meiierate , tmnill(, v,lre and staples. j u. "- .. 1 i . Ill Ud Bt I ,w, --" e forenoon presnure In Hepteinuer mil . f. 0. b. rmaeurii" .. inher. nedr months held flrm, July ""B"'i, ibur'.h. nini? te !.K4. or 4 no nts nuee - . I...' been a Ien while Mnce genernl mur- ' 'tlTW bU.". 'xU'rirVtSS B'AR 8LVER - Let cnndltienN Keeined te ?e strongly J0 '".5,00) bales. Innudinsr i.,.h- L'-Iii i , I h , , A nvnr hull interests. In Flllte of thin ! American. Kuture. war. .ulet In the , ?rl Dar sllyr ,. '.d hliher In Londen te- :. .. .. . . 1 . !.... tiHHiinun. " . '"'uji. .: --.' urn mhv. (inner h fufttieu tun marKrv ruiuniwun k -lrf(1iuiT fa r. li.nea oeq miu uih, .". , : ,-u -- mSfei)' .,, .:;,-, -r.. .; vl4SiB&. ' NEW YORK STOCK EXCHANGE TRANSACTIONS Dlv. In i 1:10 Nt r. XT. CM. STOCK Itlch J.OW 68 17' 14 66 48 93 66 H 74 . 45 J4 103)4 195)4 12)4 23 13H 6994 107J4 81 45 1174 34 Ji 11114 86)4 814 14H 33)4 98 91 e7 9t 72)4 3314 11094 13914 10014 136 284 8814 5194 4814 114)4 97 94 88 2)i 97 314 314 23 W 2614 824 11414 429 59 404 32 72J4 76 9314 6Ji " 67 '4 22 J4 104Ji 21 19 93 34 4!i 127 4114 26'4 6 '4 , 28J 141a 78 54 Ji 5 7 1.814 37, 72 C614 V6I2 C4J4 8). 1714 22 94 44 8!4 1994 2414 39 Ji 7194 41 H 8114 94 Ji 92)4 b3 17 9i 2794 64)4 87 4914 :e94 4b 2 i!4 1514 70 H 10814 1294 6114 10314 37 60 b7 23 90 15J. 35 6314 119)4 114(4 107K 735 163 94 20 C414 1214 20 1314 79)4 94 ICOJa 9314 I6h 17 14 659s 102 161 !2Ji 7914 93 39 i 86 27 14 72 39 18 27 K 1214 75J4 93 2)4 17Ji 78 6 104 94 314 4094 :5ji :c94 3)4 8 94 714 17 94 74Ji -7 EOJi 17 48 19 4 28(4 1894 381-4 5)4 26 94 5694 96 46)4 109 29 Ji 18)4 137 Adams Express.... G8 .. Alas rtubtwr 17)4 .. Alaska Geld Mines. ft 4 Allied Chtm Dy. 6B 4 Allls-Clialmeri 'A 7 AIIH-ChMmsrs pf.. 93 . Am Agrje Chem pi. . 87 4 Am Bank Nete 73 . . Am Besch lUsnete. 4ft 14 4 Am B Shee Fdy new 00ft .. Am Can 48H 7 Am Cn pt 103H 12 Am Car A Fly....193K .. Am Chicle ... 1214 Am Cotten Oil 25H Am Hide A Leather 15 U Am Hide A Leath pf 69 W 7 Am lee 107 Ji 0 Am Ice pf 81 Am Internat Cerp.. 45K 1 Am-La Prance Enf Ills .. Am Linseed 354 6 Am Locemotlte.... 11214 4 Am Radiator 86)4 .. Am Safety Rater... 8H .. Am Ship A Cem.... MH .. Am Smelt 55H 7 Am Smelt of 98 .. Am Smelt pf Sec A 91 3 Am Steel Foundries 38 .. Am Sugar Rsf 7214 . Am Sumatra 3314 9 Am Tel A Tel 12H4 12 Am Tobacco 140U 6 Am Tobacco pf new 100 Yi 12 Am Tobacco B....136 .. Am Watt-wns b pf 28H 7 Am Woolen 89U .. Anaconda Copper... 52H .. Ann Arber pf 48 H 8 Asse OH ,114H 6 Atch Tep & San Fe B9ii 8 Atch Tep ft S F pf 88 H .. Allan Blr A Atlantic 214 7 Atlantic Coast Line 98 .. Atlantic Fruit.. .. 3!4 .. Atl Qulf & W I S S 33'2 .. At Q A W I S S pf 23 .. Austin Nichols .... 27 !j 6 Austin Nlcli Inc pf. 82 7 Baldwin Locemomo115!i .. Baltimore A Ohie.. 43',: 4 Baltimore ft Ohie pt 59 H .. Bernsdale Class A. . 41 Vt .. Barnsdale Class B.. 33'i 6 Bethlehem Steel.... 73U 5 Beth Steel B 76'; 7 Beth Steel TTe pf . . 93 14 .. Beeth Fisheries.... 7 7 Brit Km Stl 1st pf . . C7!4 .. Brit Km SteM 2d pf 2214 S Brooklyn Kdlsen. . .105U .. BIcImj ltapld Transit 21 T4 . . Bkln n T ctfs of dep 20 Ji .. Brklyn Union Gas.. S3?4 . . Bruus Ter 4 14 5 Bums Bres A 128 2 Bums Bres B 41 4 .. Butte ft Sup Cep... 26 ' .. Butte Copper & Zinc 6' .. Butterlck Ce . . . . 29 ?i .. Cadde Cen O ft II.. 14 !4 6 California lJacklns. ?8' .. California Petrelm.. 54 J j 7 California Potrei pf . 95 .. Callahan Zinc ft Ld 7'4 10 Canadian Pacific. .. 139 ?a .. Central Leather.... 30 U 68 4- 1 17)4 H 93 4 67. 75 f 46)4 -i-60K-48H4- 103)4 135)4-12)4-23H4-1594 6994 4- I07J 81 45 -11J4-35 H 4- 11194-86)4-814 14H S5H 98 -91 4 C314 V U0'4- 139)4- 10014 136 4-5I94-48)4- 114)4 4- 99)4 i 8894 214 97 4- 3)4 33 94 4-2394-26)4-8294 115 -43 94 4 59Hr 40ia -32 -73)4 4 7614 9314 7 6714 1- )4 2 1 J4 94 14 14 " 14 H 1)4 14 )4 )4 )4 14 14 1 1 14 V 14 114 i "ri 14 !4 14 14 1 fi '214 34 94 V V 14 ' ' ''7 Vt 94 14 94 94 14 14 1)4 Jt " " 14 94 Ji 14 !i 14 94 " 14 Vt 114 114 Ji H 114 Vz '-214 105'4 1- 21 !4 -H 20 4- '.394- 41a 4- 12794 4- 41 14 26)a- 6)4- 28)4 4- 14)4 4- 78)4 4- 54J4 95 - 7 - 139?i4- 38)4-- 72 36)4 r 4-8)4-17 Vi -2294 44 4 014 2014 4-24H4-40 94 4 7314 4-2H4-81)4 4 94J4 4 92)4 -r 63 4 I7H 274 64)4 4 87 -s914 -094 -46 -82 - 3!4 15)4 4 13 4 6114 -103Ji -3714 6114 r 67 23 4- 90 4- 15Ji- 35)4- 63Ka- 119)4 4- 11594 -r 107M4- 735 - . . Central Leather nf . . 72 . . Cerre-de-Pasco . . . 6 Chandler Meters.. 4 Chestpeakq ft Ohie .. Chlcnce & Alten. . . :64 78 C5!( 8 "A .. Chicago ft Alten pf 1714 .. Chi & E 111 (new).. iZU .. Clilft K III (new) pf 44 .. Chicago ft Or West. 8U .. Chi & Gr West pf.. 20'i .. Chi Mil ft St P 24 .. Chi Mil ft St P pf. . 40 Vi G Chi & Northwestern 731-4 .. Chi R I&Pae 42 H 6 Chi B 1& Pac 6 Pf 8114 7 C R I & Pac 7 Pf 9414 7 Cluett-Peahedy pf. . 92J4 .. Chi St P M ft O 63 .. Chile Copper 17 ?i .. Chlne Copper 27 W . . Clev Cin Chi ft S L 64 14 G Clev Cin C & S L, pf 87 4 Coca-Cela 4914 .. Cole Fuel ft Iren.,.. 30 4 3 Colerado & Southern 46 6 Celum Gas & Elec. . 8314 .. Celum Graphophene 3 4 .. Cel Graphophene pi 1514 4 Cemput Tab Rcc... 7 1 7a .. Consel DIs Ins H 7 Consolidated Oas... I09J4 .. Consel Textiles.... 13 .. Continental Can.... 6114 4 Cern Products Ref. I04J4 1 3200 2s Ceailen ft. Ce , Jl 5600 .. Crucible Steel 6194 300 7 Crucible Steel pf . . 87 U 300 .. Cuban Am Sugar. . . 23 Ji 14 )4 14 )4 14 Vz 1)4 14 5 7 Cub-Amer sugar pr su .. Cuba Cane Sugar.. 161$ .. Cuba Cane Sug pf !6 .. Davisen Chemical.. 64 .. Delaware ft Hudsen 1191a 8 Del Lack & West... 115 8 Detroit Edisen 'ST.' 10 Eastman KeuaK....'-" 12 Elec Storage Bat.. .. Elk Hern Ceal.... 6 Endlcott-Jehnson . . . Erie .. Ede 1st pf .. Erie 2d pf 8 Famous Players L 8 Famous Players pf. in Flalier BeJV .16514 165)4 4- 3t 20 20 8494 1214 21 1314 8014 94 84)4 12)4 4 20J4 4 13)4 80 4 94" I08J4 4- 9314- 16Ji- 17 - 14 654 102 162 -13 -79)4-93 4- 3994 - .6 2714-73)-i4-49 4 19 ! 2794 4-12J4-79 4 95 2Ji 1714 78 - 8 4-1044- 314 4094- 36 27 3)4 4 9 T 97)4 17H4 7514 4-3714- eeji- 17 48 -r 1914- 94 28 Vi r 1994 4 39 M i-514-27 94 r 5694 96 47 - 109 30 -18Ji4- 137 - ,108 'a ' . .- n-ai' g Flslicr uoey ei u in -; .. Flsk Rubber 16 Ji .. Freeport Texas.... 17 . . Gasten Wms ft Wig !S ..General Aspnait... 65Ji 6 General Asphalt pf . 102 S General Electrle. . .. 161 . General Meters.... 13Ji C Gen Meters deb 6 7914 7 Gen Meters deb 7 93 .. Goedrich B F 39 H 7 Goedrich B V pf... 86 .. Granby Cen M 4s M. 2714 7 Great Northern pf.. 74 4 Greut North Oie clfB 49 .. Grav Davis 19'i Greene cananea (j0j, 27 94 ".. Guantanome Sugar. 1214 , Gulf State Steel., 79 7 Oulf St Steal 1st pf 95 ., Hablrshaw El Cable 21-1 Hupp Motorcar.... 17 H !. Housten Oil 78 . Hydraulic Steel.... 8 7 Illinois Central 10494 .. Indlahema Ref 3U .. Inspiration Cen Cep 094 mn oil Tnt Cement........ 36 6800 2 Inter Comb Ens.... 27 12 9603 2 Intern Cen Cerp... 3b 7600 .. Interb Cen Ceip pf 914 100 b ini iinrirauir new,, j ;j ,. Int Mer Marine., .. 17 H 6 Int Mer Marine pf. 75J4 , . Internat Motertruck 38 7 Int Motertrk 1st pf. COJi , . international Nickel 1714 , . International Paper 48 ,. Invlnclble Oil Cerp 1914 .. Island Oil . . Iren Products . . . , . Jewel Tea , . Jenes Bres Tea. . , . Kansas & Gulf. .. , Kan Clt Southern 4 Kan Cltv Se pf.. 8 Kaiser & Ce... . ,. Kelly-SPK Tire... ,. Kelsey Wheel.,.. , . Kennecett Copper 2814 1994 39H 6 27 94 5694 96 47 108 30 K 1 Ke stone T ft . 18J4 6 Krrsge S S 139 Pittsburgh Steel Boosts Prices LIVESTOCK ritt'biitrii, i'u. P,,.hl,i,. !.. April 7. The Pittsburgh ' riltubursh, April i'umpun IeiIji unneunccJ HI! aJnr , lOOO heail. Higher MMrexlmntrl I'D -nt per hundred i litsvy yerkere, lUhts .IIK.r;i' AND "'" l' ".... j V....: .. r,. un. .,. llih.r. Tun .hejn J""" ''" .' i. n I... .h.nl,i,l " 12 basa. Kalanlzsd ,31,1,, Dtiieii tl'.ltl, per luu pejnas wire remained hundred pounds East Unffale. cnlpta 280 head. 000 head One 1UX1B Receipts. ethsrs. 153Be mixed, yerkern. 111.25: few : few liant, Ilaht. Liverpool Cotten i. !4(tS rHIRRP A7- NI) I. l..rrpoel, April 7 -A 'XI,'" i.Trn"oi - i.Trn"ei - " ..; a, in, imh head. Woeled en. XL , nSI il . lO.iM. Dlv. Bslti In I STOCK Illth 900 .. Lftckawanna Steel.. B2 200 .. Lake Erie ft W pf 32 100 s l Rubber, Tire. . . 33H 23700 8U Lehigh Valley 64 H 103 11 Liggett A Myers.. 169 1 no 7 L,ma Loeemotlre. . . 11 1 14 SIM 31)4 33H 62)4 160 tun 13 42)4 ISO 11714 . 1914 844 60 44)4 39 J4 24 9)4 63 42 26)4 2814 IS 33 64)4 21)4 ?8 J4 128 1394 34 V 1094 794 14 23 55 67)4 It' 94 32 ID 4 4294 36)4 5)4 13 6594 71 87.94 31)4 54)4 96 21'.1 2B4 10514 57 42)4 7 75)4 28)4 12 2Ji 1894 1294 62 31)4 894 684 1494 E3Ji 59 4 E394 42)4 9 82Ji 29 V 67 71 38)4 94 Ji 36 4 19)4 3914 914 55 61 Ji 90 30 Ji 17)4 76 27 84 Ji 12394 30 J4 101 99)4 V M Loews Ce IS 100 100 100 100 tee 800 900 200 ree 100 1500 600 200 100 100 tee 1000 300 300 .. Loese-WIs Biscuit 4214 1 Lerillsrtl Tobacco.. 130 7 Louisville A NSSH..116U 78 Mclntrye new 19)4 MackayCes 8414' 4 Msnhat Elec Supply 61 )i 7 Manhat Kiev duar. . 44)4 8 Manhat Shirt.... i. 39 Ji . Mar St Rwy 2d pf . . 24 .. Market St Rwy.... 9)4 6 Mar St Ry pr pf... 64)4 .. Mar St Rwy lat-pf 42 Vt ' Martin Oil 2694 2 Martin Parry 28 J4 .. Martin Rockwell... 13)4 Mth 'Alkali 33 .. Max Moter Class A 6414 .. Max Class B 2114 8 Miami Copper 284 15400 Mexican petroleum 130 son?0 JJ Ml fltRtM Cwp. 1394 1200 Mldvale Steel 34)4 Minn A St Leuis.... 1094 100 100 1400 900 800 100 6100 100 100 100 1000 100 700 2100 600 . Me Kansas ft Texas 794 . Me Kan A Tex (wl) 14 Missouri Pacific... 23)4 Me Pacific pf 55)4 3 Mentana Power... 6794 Montgomery Ward. 20)4 Mulllns Bedy 32 National Aem 15 H Nat Cleak A Suit... 4294 Nat En A Stamp.. 3694 Nat R R of M 2d pf 3)4 Nev Cen Copper... 15)4 NO T-x A Mex.... 67 NT Air Brake.... 71)4 4400 Unci ., I. " lur s-en.ri. ou-i 2n2 2,i Nw TTk Deck.... 3214 wv D iVflf Ynrlf Tm1 EC 81 . . N Xerk Lack AW.. 96 .. New Yerk N H A H 21 94 2 New Yerk Ont AW 29)4 7 Norfolk A Western 1C6 a North Amer ctfs... 57 5 N American pf ctfs 4214 . . North Amer Ce rts 7' 6 Northern Pacific ... 7694 .. Neva Scotia S A C 28J-4 5100 3800 2400 300 100 100 12100 200 100 200 100 2700 100 100 103 100 100 5300 10300 3100 4700 31500 100 1800 203 200 1400 r 100 100 210J 403 2100 100 100 100 2600 unie Bedy ft Blewer 12 . . Okla Pred ft Ref. . . 2 4 .. Orpheum Circuit... 1894 .. Otis Steel 13)4 . . Otis Steel pf 62 2 Owens Bett Mach. 3114 Pacific Devel Cerp.. 8 '4 6 Pacific Gas A Elec. 6894 .. Pacific Mall 1494 3 Pacific Oil 549. Pan-Amer Petrel... 60J4 6 Pan-Amer B 544 2 Pennsylvania R R.. 42Ji .. Penn Seabd Steel.. 10)4 G Peeples Gaa Chicago 82 Ji . . Pere Marquette.... 2994 5 Pere Marquette pf. 67)4 6 Pere Marq prier pf 71 3 Philadelphia Ce.... 19 .. riillllps-Jenes .... 94 Ji 2 Phillips Pet 3894 .. Plerce-Arrew Moter 20 .. Plerce-Arrew Met pt 40 Ji . . Pierce Oil. 9)4 8 Pierce Oil pf. . G Pitts Ceal 7 Pitta Steel nf. 55 bUi 90 3114 174 77 27 C5!4 12394 Pitts ft West Va. 400 liA pond creek Ceal... 600 . . Pressed Steel Car. . . .. Producers Refiners. 6 Pub Sendee of NJ.. 8 Pullman 2 Pure Oil 100 700 100 5200 319s 100 100 8 Pure Oil pf.... ....101 s itauwav steel Spg 99)4 5033.41 Rand Mines... 2994 v e 100 . nay con copper... ids; ridh 4 Reading- 79)4' "78 2 Reading 1st pf 45 45 2 Reading 2d pf AW? ,,48)4 . Replogle Steel 24inS3 26300 103 100 9200 2000 1C0 .. uepuD iron & steel. 3il 2 Rep Iren ft Steel pf '78)5 3 Reynolds TebB.... 46 394 !4 78)4 4594 59 Ji 33 14 . 2994 29 Ji 43 Ji 4Ji 4)4 574 1094 75 Ji 13J4 4494 2394 4414 70)4 49 J4 87 Ji 23 94 53 94 9614 11494 75 40 4894 11594 1C814 5!4 5 94 38 94 4 1P5 44 41)4 3414 27 H 20 63 94 28 94 4114 994 62 18Ji 34Ji 7314 31 9s 69 146'., 1594 34 47Ji 36)4 594 43 94 C2 6314 3HH 97)4 117 65 IG 42 94 77 Vi 45 1014 Oh 31 1094 19!4 5614 98 U 6194 6914 9)4 20 42)4 914 1594 894 40 52 Ji 72 4500 6900 G. 20 Royal Dutch N Y.. 6094 Rutland pf 33 100 4100 1500 100 100 1500 1000 1030 1400 300 1 St Jeseph Lead.... 14 . . St Leuis San Fran 3094 ,. St L ft S W R R.. 30)4 . . St L-Southwest pf '37i . . SantaCecella Sugar. 4Ji . Saxen Moter 4 )4 , . Seaboard Air Line.. 6 . . Seab Air Line pf.. 11 , . Scars-Roebuck .... 7694 1)4 I I Seneca Cep Cerp. 13Ji 1200821,4 Shell Transport.. 45 2694 44 Ji 10500 Sinclair Oil 1900 1000 400 10430 4803 3100 100 500 100 430 5800 11830 303 103 700 330 700 930 6630 530 5330 4100 300 1500 200 100 1800 100 1200 6700 200 200 200 200 3103 1400 5300 700 200 1500 330 1700 1 0 7400 203 1600 600 5300 100 200 5200 1000 3100 400 730 200 300 63C0 100 330 200 400 1903 800 2300 200 200 200 , . Slogs-Sheffield . . . . 7 SlesB-Sheffleld pf., 71 . . Se Perte Rice Sugar 50)4 6 Southern Paclilc... 89 . . Southern Rail 24 . . Southern Rail pf . . . 514 4 Standard Oil of Cai 9615 7 Stand Oil of N J pf11494 7 Steel Tube pf 75 2 Stewart Warner Spa 40 14 Stromberg Carb. 50 Ji 14 ' 9i j ' Ji '94 2)4 14 i 7 Studebaker , 7 Studebaker pf. .., .11794 ,109 .. Sub Beat Cern.... . . Superior Oil Cerp.. . . Superior Steel . . Sweets Ce of Amer .. Tcnn Cep ft Chem. 3 Texas Ce . . Tex Gulf & Sulp.... .. Texas & Pacific... Gi, S'i 6 :9 4 HJi 45 4194 )4 34 1 Texas ft Pac C A O 28 94 V, .. Third Ave 2094 6 Tobacco Products.. 6494 .. T Kt L &W ctfs U 2894 .. T StL&WpfctfsB 4114 .. Tranecen Oil 9 J, 6 Union Bag ft Paper 62 .. Union Oil 1914 10 Union Pacific 13614 4 Union Pacific pf. ... 73 H .. United Alley Steel.. 31 9i ..United Drug 69)4 8 United Fruit 14694 .. United Rwy Invest.. 1614 .. Unit Rwy Invest pf. 35 V 6 United Retail Stores 49)4 .. U SC I P ft' Fdy... 37 ..US Feed Products 5 9i .. U S Ind Alcohol... 47 ..US Realty ft Imp. 62)4 ..US Rubber 64 ..US Smelt ft Kef... 38 94 6 U S .Steel 97 Ji Va 14 Ui Vi 1 U 94 694 7 U 8 Steel pr 117 2 Utah Copper.... .. Utah Sec .. Vanadium Cerp. 65)5 IG'4 ; 1'4 14 14 94 9 It 4494 .. Va-C'ar Chemical pf 77 Ji 6 Va Iren Ceal &. Coke 45 . . Vlvadeu Inc 1 ii .. Wabash -994 .. Wabash pf A 31 94 ,, Western Maryland. 1014 .. Western Pacific... 6 Western Pacific pf. 7 Western Union Tel. 19J4 6)4 99 62)4 4 Westing U & M 4 West E ft M let pf 69)4 .. Wheeling ft L E 'J'i .. Wheeling & L U pf 20)4 4 White Moter 42 Ji .. White Oil Cerp.... 10 .. Wick Spene St Cerp' 15 Ji .. Willys-Overland ... 9 .. Willys-Overland pf. 41 4 Worthlngten Pump. 3)4 54 94 1J4 6 Werth rump pf 11.. 72 Ex-dividend, QUOTATIONS U.S. Certificates and Treasury Notes 7 HOCJS Recelpte, Hcales, $10 SAVII and PlRS, (11,41)!!? Int Minority Date Hnt Rid li av ieu?'.8 tM' June ."i'j June 1022.. IMHS R'CflPts 4B0 hMi 1IIJ2 i' Auiuil. ir2 IB. teD lamlm. S14.J Hill's t4i Hept., 1IIJ.' 1'Wi hepl., 111-!.!.. 114 l)c 102.' . t4l, March. 1923, it'R'i June, 1024., I oft Hept, 1024.. '4ti March. 102.1. tM"i March, 1B2, lU " 101) 18-32 100 23-32 1011 1.H2 101)11.10 103 103 n.n) 101 ler. April 7. CATTLE-Re Calves rece pts ier: .1iil'' dollar h'Kher: 7000 head l'lt uteaiU lower; lieay, IllVllv'i IMrht yeraers and pig Htmnt from Federal normal iii.be: reuans, iwv ii S. tAcceptable for payment of en date of mateurlty, I.AMRR AMDS Receipts. hOUO lambs, 2.1a loner. Copper Advanced te 12 New xerk. April 7. All Iho sefllnit aiencles this niernlna- 1 nv i.i vwijper 10 a minimum e" ",r nenveries up te Seme sellers ur Inclined LOCALS CONTINUED HIS P. M. Net Chi. FI 82 4-3114-33H-64 169 4 11114 4 IS 42K4 180 4 116)4 19)4 4 44)4 4 39J4 4 24 4 ,914 4- 4214 4 26)4 4-28)4-15 - 14 1 14 2)4 1 y Pennsy, P. R. T. and Electrle Storage Battery Make New High's (or Year 14 14 14 " 194 4)4 fi 1 14 94 214 14 94 The forward nwlpg In the local jtecks was well maintained with bread mid active trading. While the interest continued centered in about the jame stocks which hnvc occupied the fore most position Blnce the beginning of the upward movement, (here was te be found ample evidence of n widening of both speculative and Investment in terest. " , Pennsylvania Kallrend again 'sliared the leadcrahlp with 1. II. T. Beth made new high prices for the year, but the mere spectacular movement was supplied by Electric Storage llattcry, which seared te 1110, n net advance for the week of nearly 112 points and 40 points above the low price of the year, and 74 points above the bottom price of InBt year. The movement was really merely n reflection of the vigorous trad ing In the stock in the New Yerk mar ket. The turnover in the local ex change was of diminutive proportions, but was significant In that It disclosed little free stock en the market. There waa no let-up In the demand for cither Pennsy or P. II. T. The former reached 43, which Is the highest quotation established since 1020, when it reached 44. P. It. T. was strength ened by the possibilities of nn agree ment between the company and the city for the operation of the Frankford ele vated. The terms suggested by Mayer Moere yesterday indicated the gap was being rapidly closed up. On continued heavy trading the stock advanced te 32. There was also a broader de mand for Union Traction, which reached 4194. The tone of 'the general list was strong, and once mere the inactive shares came in for mere attention. West .Tcri.ey and Seashore, continuing the steady advance, ndded another point nt :i7. The. Philadelphia Plectrlc. while net making new figures ns they have In recent Sessions, were firm. IJ. Oj !.. 114 33 4-1 64)4 . 2114 4 2894 4 129 V4 -1394 . 3494 I-1094-794 . 14 r 23 5 4 67)4 4 19J4 4 12 4 1694 4- i; 14 14 14 14 194 14 14 14 m 1)4 94 Ji 1 4294 26)4 - 5)4 15)4 1 6694 4 7114 4 8894 4 3214 4 55 4 96 21 H 4-29)4-106 4 57 -42)4 7 4 7694 4 2814 12 2H4-1894-13 4: 62 4 3114 894-6894-144-54!i-6014 4 54 42Ji 10)4 4 C2Ji 2994 4 67 4 71 -38 'a 19)4-39)4- 9)4 55 -61 Ji 4 90 - 1 94 1)4 V 14 14 )4 A " 94 194 94 14 Vi which had been a conspicuous laggard while the ether utilities were climbing, showed signs of getting Inte line and after n fractional recession nt the open ing advanced te 45 . Trading In the American Stores shares remained quiet. A feature of Interest was the strength and Increased dealings in the ki-called cealers' stock. Lchlgh Valley was prominent, advancing te G3'i. Lchlgh Navigation nlse was better, at 73. Philadelphia Stocks 1:1. Net Rich I.OW P. M. chgf. S." Am Stores ! OS l8 Vj 2511 & e.. 4:i8 431& 4314.. lOfHrill J (J. 45 45 45 . . 57 E'cc Ster.100 lfl.-.1,!. 10.TW-f.2tf 1 5 94 94 9i 31 4-17)4-76 - ilillJl" 31 -101 130 de new.. 4'f. 41! WA1 4SOTGcn Mtrs. 13 20 In Ce N A 34j 200tKennecett 30 1210 hake Sup. lltf 100 Leh Nav,. 73 035 Leh Val.. ttltf 20 Leh V Tr. il:K 33!l(l Penna II 11 43 05 Philn Ce cum pf . . 384 .174 Pliila Elec 27 071 de pref.. 28T& 1020 Pliila It T U2 100 Phlla Trac: 00 13is 13- i 341 34 Vj.. 30 .".0 t ft 10 73 02 tf m 42 38Vt 27 28 32 0(1 lltf 99)4-i5- 4- 1: 73 1 03tf2 07 tf 4a 38.. 27.. 28 4- iB :i2 Vj 00 lb 154 ..' r 79H 214 45 4- 94 48)4 4- 2)4 1394 - 94 78)4 .. 46 4 60 4 33 -14 30 -29 Ji-43J4- 4Ji . 4-10J14-76)4 13J4 4 45 4-:594-4494 4- 71 4-49J4-18J',4-."4 4 55 t-C6J4- 11494 4 75 -40 50 Ji 4- 11694- 1C814- B!i 594- 28H4- 4 11)4-4494-41)4-34)4 28 2094 , 41 -18J4 4 136)4 4 73), - 3194 4 69)4 1 46 14 -1594-34)4-48 -36)4-594-45J4-62)4 4-63H-3894 4-97Ji4- 117 -6514 4 16 43 94 77)4 4 45 II 4-9)4- 31 J4- 10)4 19)4- 56)4 f 99 4 62 4 6914 I- 914 ! 2014 r 42Ji- 914-15H- CJi 41 4-52Ji- 72 4- 14 14 2)4 'l4 94 14 juTiieaiung... ion IO -4 7N'i-t-l SOtStudcbkr.llOii 115 115 2tf 20fTexas Ce. 44 44 41.. 405 I'nienTrac 41 41j 41 4- tf 380 P I.... 45 tf 44ij 45tf4- 115 W.Ier& S 37 3(1 37 4-1 20 Yerk It pf 3Uij- 30Vi 30... tNct chnee made bv comparison with last sale en New Yerk .Stock Exchange. 'HIUIi:i.I'llIA 110M1S 1000 Liberty 2d 4tfs '42 3200 labcrty 2d 4tf s '42 21)00 Liberty 3d 44s '28 1200 Liberty 4th 4tfs '38.... 3000 Liberty 4th 4tfs '38.... 1000 Hell Telephone 7s. . , . . . 2500 Phlla Klectrlc 1st 5s..lets 00. 14 00. 18 00.54 00.40 00.4(1 107. 114 2 1)i Ji 94 194 )4 i.i !)(t 200 Pliila Electric 1st Cs 01 300 Phl'ii Electric 0s lets 102 2000 Phlla Electric 0s lets 101 U. FOREIGN EXCHANGE New Yerk, Aprif 7. The foreign ex change market opened dull and sterling showed only a fluctuation of tf cent, a decline from jesterdny's final. Francs were down 1; Kelginn unchanged; Hie down 2'i i Swiss up 1: Spanish up 2; Danish down 5; Norway unchanged ; 2)4 114 14 Swedish up 5; Dutch down 2, and Vs marks up tf . 94 At the end of the first hour tint mur- ket, although quiet, showed an advanc Ing tendency. Sterling cables were quoted at 4.30 0-10, demand 4.30 ; franc cables 0.13Vi. checks 11.12 Vi: lire cables 5.2SVi, clieeTts 5.28: marks, .:2. YESTKUDAY'S CLOSING QUOTATIONS 14 14 Va , if , Demand 1 it I uub.es , btcrllne Trancs Lire Uuildsm .-. J4 37 ill , '. Vl'j T 117 3". U 10's 4. .Ill I). 11 TODAVfa (JPUNINO QUOlATIeys Pu-rllnu Francs I.lre llullders ' t)mnnd 4 IS'i lill'i ft -.'U, a;.;:, Cublci 4.30 U.li'H D..'S .T7.H0 Va V, 14 114 14 H H 14 Vt RAILROAD EARNINGS DUTHOIT. TOI.UDO AND 1UONTON .. l"-2 Increase Feliruirj (tress J01ii,,',im1 H.'tMU Net epfr. ineoine.. 1.11. .'at vi'i,3Ni) Tu months' gross. . l.inil n.'L' HI7,4'"S Nit eper. ineenip. . I.'i4.il(7 4(10, 0U7 Millien VAI.I.KY Gre lH,r.-.lU1U Il.Tfin.lRB Net nfter taxes.. L',li31,li.'li l.lftT.uiJ Total Inoem H Hill, l Ml 7,04J,bl4 Surplus artcr elms, d.SST.tiSS C till, "US Decrease., MONEY-LENDING RATES NEW MIRK Mene en call, both cluisis of rnllntrral. opened today at l'4 per nt for icnd.w; and renewing. PHII.ADEI.riHA Call. 5 rer cents time, 5 pr cent: cemmerc.al paper, thie te six months, 5 te BH per cent, LONDON Xlenes . I'j jer cent Dljreunt rate, she. t bill ami tliric niunthe' bills, 2MS! 'J 13-10 per cent. 14 H 1 Va Raw Sugar Moderately Active Xw Yerk. April T 'He raw suaar imr. kt nm fairly active and firm u'lh Culms for April shipment iueiei at 2'jc. cept and frelBht. and f'r -Ia shipment at '.' -lC!e. cost and frelnht. In addition te the xales reported jestcrday. outpert ret ners pur chased 15,000 tiB of Cubus for shipment last half of April at 1! U-lfle. cost and frelrht, 4000 ten Perte Rlces, for late April shipment, at 4 i.e. c I f, and JOeu tens Phil pplnes for May shlpmem nt 4 S.icic. I H 'A 1 a r 1 f Arrivals ei mi etenl! Includei! fl!) 000 fiO'baus Cuhas te thn National Huxar He. m femDany: 82.IMM1 hile-H In tv... I, ..-. - flnlni fiuar ReflnlnK Cemnans . ifu.nnn las te th.i American Hukar "enniriK cemparij and lil.ed Yl.1,1 B3UO !' , AreucKie iirntieis 'I he le, ienqinna renn?d niarket Is up-hanfid villi list ,.ric?H .0u?,V.l" 881 srB'e,!."h.,,em ,vjnc ,0 B50c '"3 " ,r l0"' ft300 liai te Arbuckle Ilrntheis 100 23-32 a O: IOOH H.H 1011 27-32 3.21 1110 2S-32 3,411 10(1 M. 1(1 ft lOSVi 4, OH 103 a-ia 4 00 0 4.20 102 4 20 Reserve Banks' Discount Rates Official rediscount lates at thn tee I'eil eral Ilesere llami r.r.i as felluAs Trerts, I.lb bends 1:1 4'a t in 1 llkrs cm. Renten 41, k 4i la 4i Paper, accept Income t New Yerk ?T Income tax due Fhlladelphl 4t Cleveland Richmond Atlanta . Chlcnce , t'a IU. ft r.. Cents Ml. I.OUI1 leadlPK reiper , Mlnn'ai,?,'1l" advimmi their l?,'!',,B" f " s 4'i or ia'k i-i'ni i ''"? Iho end of te held off l'l CLEARINGS fwb000an?.a;re,, W",,COr- lft51 AnA 00 lO.IM.MI MU2JL,MJ 1RWARD SWING frit cf Alt Taxti In Pnn$'ytitmlm te tht Exitntef 4 MttU Pr Dellar Pet Annum (Eeept Sueeo$$len ant Inhtr itanee Taio'e and State tneome TaxOi) Metropolitan Edisen Company .(PENNSYLVANIA) firit ft Refwdlai Mertftge Geld Bendi, Series "B" 6 Denominations, $1000, $500, $100. Due Feb. 1, 1952 Territery: I 64 communities in Eastern Pennsylvania, including Read ing and Lebanon. Security: f , . . First mortgage en portion of properties; direct mortgage en all properties, ubject te $2,570,000 underlying (closed mortgage) bends. Valuatien: Aggregate figure, based en engineers' report of October 31, 1920, plus subsequent expenditures and including investment in securities of affiliated companies, $15,350,918, as compared with total bended debt te be outstanding of $8,718,000. f Earnings: Fer 12 months ended February 28, 1922, gross, including ether income, $2,782,663 ; net, $1 ,092,088. Annual inter est en total mortgage indebtedness, $529,240. t 9 Market,: Application will be made in due course te -list this series of bends en the New Yerk Stock Exchange. Price 98 and Interest; Yielding About 6.10 A circular fully descriptive of tMs issue will be supplied upon request. HALSEY, STUART & CO. INCORPORATED Land Title Bldg., Philadelphia Phene Locust 7410 CHICAGO DETROIT NEW YORK MILWAUKEE ruir.ADEi.rniA MINNEAPOLIS $100,000 CITY OF LANCASTER, PA. SCHOOL 412 BONDS $20,000 DUE APRIL -1, 1932 $30,000 DUE APRIL 1, 1942 $50,000 DUE APRIL 1, 1952 , FREE FROM STATE TAX IN PENNSYLVANIA AND EXEMPT FROM ALL FEDERAL INCOME TAXES . PRICES ON APPLICATION SUBJECT TO APPROVAL AS, TO LEGALITY BY MESSRS. TOWNSEND, ELLIOTT & MUNSON ' REILLY, BROCK & CO. 306 CHESTNUT ST. PHILADELPHIA mm -n- A Letter of Introduction 'T'O the foremost banks in the world - gives a standing and assures a cour teous reception te the traveler. Our Travelers' Letter of Credit, in addition te the safety and convenience of carrying funds, introduces the holder te all of our Correspondents. UoeHUt en Ilequest Bfewh Brethers EST. &Ce. FOURTH & CHESTNUT STREETS New Yerk PHILADELPHIA BROWN, SHIPLEY & COMPANY Founders Court, Lotebury nfict (or Trslri Londen, E. C. 123 Pl Mall, Londen, S. W. Unlimited Funds Fer First, Second, Third or Building Mortgages OCICK ACTION ABE KOLSKY & COMPANY. Inc. N. W. Cor. 9th and Walnut Sis. Gat W Want Offering of Commercial Trait Company Stock Curtis Publishing Company Pfd. Stock BARNES & L0FLAND 147 ff.ffft.TOg" rA' AisCewnCq Und Title Bid. Mswtws rhUa. atacfc gxeka. . r ' " .sm&iih r-i-p" iiSisa. T nosTe.v ST. LOUIS ISIH Bosten H and Help Philadelphia at the Same Timet Here's hew. Philadelphia needs money te build. Ws (ire In bunlnesa te provide that money. We are new financing several new building operations. Every loyal Phils delphlan should Jein our list of stockholders. Our Pre ferred Stock is guaranteed 6 and participates equally with the common stock In all, profits. Leading bankers, builders and prominent- men Indorse our plan. Absolutely safel We deal only In first mortgaged, lfrtta ter Booklet 1) npMM9 our llcliufhilmlrlphia propor tion." Beth Philadelphia and 1W it III btnrfll. GENERAL MORTGAGE FINANCING CORP. Riare ft Girardl Ats. - H ,fvr' .tS iki
Significant historical Pennsylvania newspapers