QUEENSLAND 3Vts, 4s & 4:s SAO PAULO Ss, 1905-1907 (Guilder 8s) NORWAY 3s, 3'2s& 4s BUENOS AIRES 4'2s & 5s GRAND TRUNK PACIFIC 3s & 4s of 1962 4s, 1955 Branch Line 4s. 1939 Canada Atlantic 4s, 1955 Alt K Ksa.. RAftX.' r-v r. t IM , : .v A' Cassel Dunes & Ce. Mrmbcri Sen 1 aril Stack llxchrntgt CO Broadway New Yerk Telephone Bowling Green 3 14 1 i& PW-, ', ts April Bend Offerings Our effcrinjjs of. con servative investments include Canadian gov ernment, provincial, municipal and , cor poration bends, ' and foreign government bends, all payable in New Yerk funds and yielding about ew. a. 1 c JA 'A I tO (. Write for Circular P-411 Weed, Gundy & Ce. Incorporated 14 Wall Street, New Yerk Terente Londen, Hn. Nen-Callable 7 Sinking Fund Bends Dun April 1 10).' Te Yield about 7.50 7"A bend are the direct ob7i eb7i ob7i gatien of a Gat and Electric Company operating in Penntyl. vania, which repertt grot earning! for the last year of ever $1,400,000 and net earn ingt of ever $600,000. The Bend arm further guar anteed at te principal and in terett by a Company which .repertt net earning!, after all interest charget, in excets of $630,000. Upen request, We will be glad te tend you a circular, covering this ittue. STROUD & CO. Incorporated 1429 Walnut St., Philadelphia 120 Broadway, New Yerk United States Victory Notes Registered commercial TRUST COMPANY Stembtr Ftrml BrarrTe Srttcm City Hall Square West Central Vermont 5s, 1930 Empire Gas & Fuel 6s. 1924 New Orleans Ry. & Lt. 7s Otte Eisenlohr Cem. & Pfd. GARRISON & CO. WIDINIH DUILDINO, rMllAOELniU MIHIII, Vhil.d.lfhl. Ii-k tick(, l). t.ik Iwk tikiii Continental Pan. Rwy. Frank ford & Seuthwark Pan. Camden & Suburban Rwy. Central National Bank 2d &. 3d Sts. Pais Rwy. Watt Phila. Pais Rwy. M0RLEY, WOOD & CO. 333 Chestnut Street Members N. Y. & Plill. Sterk Eitb'i. Iambwd 04r.-3-t-fi CitiesService Company Series "D" Convertible 7 Geld Debentures fiend or Circular D HENRY L D0HERTY & CO. 04 Merris Bldg., Philadelphia FENNA. TAX-FREE BONDS PAUL & CO. &T: - illhbipr umffiiniT 1 PRICE MOVEMENT E Recognized Peel Issues Carried i Inte New High Ground, While j General List Hesitated i New Ynrl. April 11. Ilcnvj profit prefit tnkltitc Milt's en t he one hntul, nml njt njt grre'lvp peel oiu'rutieMi In n few e- ' Iceted cprruliithr ipeclnltlcH en the ether, produced I'entllctlnjr current In tetlnj's Meck innrknt. l'rice movement nf the iiinln liedv of stock wns mere Irreculnr. us reult of the cnormeti vel ume of renllzliiR which flip Krnernl IN , hn encountered in the Inst two or three climi. 'I'Iip tnullliK. however. even in the flecks where tlie profit- i tnkltiR snle wre the heaviest, wni nbeut , ppii1 linlnnc-d nml the rfeeInin were unimportant, belli;: chietly of frnctlennl iiineunt!. ! Outcome of the firt .e.vlen of the , 'CJenen Conference wns generally snt- . . isfnrtery te both the titiiiiirinl ji ml ninr kef pemmnnity. nml Imil the technical I position of the innrket heen otherwise, I there i no. ileuht but thnf the news, 'from Itnh would hnve supplied n frr-.li 'impetus te the rentrwtlvi movement, j I Tin- powers In he. however, were ills- i posed te encourage a moderate reac tion, fcelme cenliilent n bujinc power nt slichtlx lower levt'ls is gntherinR ' 'Mendllv nml t certain te prove mere , tlinn effective in effscttinc sales of enrh purchaser. , It wns thee underlvinc buvin; orders , which kppt 'he reaetien following t he j higher npemnc reaching maierlal pre- ' portions. A a mailer of fad. the whole innrket continued te sive ground stub- i bernh nml ns vnen as venlllnj; preure ' relaxed prices rcbnuml e.iih . In the meantime t mewed ieil muvitles whs ,in pi ideni e in scattering pans of t In lisi with tin- Mime rcmaikablc mic ccfiil ri'sults. Studebaker. Central l.eutner. American Can and Strenib-i-R at gains of 1 in ! points were ntldeil te I the iniinj new high records for the jpur. Anions the lc eon.pleonti sliai-ps Iren Products at a sain of !! points mid 1 I'lcetrle Sterace l?ntier's rie of ."''4 ' points were nKe prominent features. ' Thne ndxanies we-e juiile durine the i re.ictlenar) turn in which such Mecks as Mexican and I'an-Amcricnn IVtre- i 1 lenm. 1'nnieiH I'lnjers. AVcstlnnhoitse. I t'eru l'reducts. Sears-Kfiebuck and Pa- isen Chemical were c,'irriel down 1 te I'J points While the lendins steel sJmres ( snwei an Inclination ti slide off, ob-i jciire fe'l shares, netnlJy Nen Scotia, jilt is Steel and Itritish lhnpirp first pre- l ' f erred were in demand at rsni(r price. , W Innlpes Mniitrnil Sonic uf tlie lower-priced rails nle ina'le new hKhs for tlm jenr. but the I ii Mtispertattnn i-reun as n whole termed I te lie hesitmii .is resuh of erer-nlKht iletelepnients in the ce.il strike sltua- Hen Tlie liiterbore t onrelidnted Issues : ere weak 'nt if the utility group.' retlcctinc n broader disiemlnatien of I titans of the Intcrboreueh-Motropolttnn j Ixmdhehlers for forei'leslnj- en the Inter- , boreuch Ilnniil Transit stj'ck. which wns Intel Imreiisli Cnne1ldntrsrs principal' seuwe of Income in the dnxs when In In terberinigh Knpld Tranflt 'wis palnc' L'O eer cent diililenils. Farther sirencth was shewn In Market Street Knllway preferred Issues. I nlted Ualh(ar In rstinents. Mackay ('emininies. Coluin Celuin bla lias and People's t J n n . Commodity Markets GRAIN MARKET Chlcarn. April 11. U I ir:it ieplineil III" te 1c at lh eutet mi easfr i';ili!es fiem Liverpool whin prices clesei I '(d lower and en the lirlief r tin t jr.., tetdaj's iiptutn had ben due largely tn i'eerin winch had left the markci ' in ,i weaker ti.linicnl position The de iiiniid was sieu and ilurinc tic cnly rssimi 1 1 1 Ice developed fill I In- c,i!. liesi .pf void "IT l.je te 'li . Cern was steady at tfie start, with first prices unchanged te ',c luslier. but seen eased off in sunpathv with wheat and under linuldaiieii i Oats followed rn md rased off after a steady epeffiug Previsions were nulet ami little' changed. Hogs opened 1(V te l.'p lower.' Wht-- rr elm .Or"n 1 r t 1 38S i sift ' i sa' i a:i ' .lu.' s i irnb-r 'ern Ms Jtl s lTUDr . MM Ml til! .s-r'.rniv p r. Mm FMi'.mb." . I.ar.t Mi JUl" nn l .1 ' 1 .1 II 1 '" s 1 MR IRREGULAR Spruce 8200 1 IS 1 I..V i.i sn. 131, V'i nil. '". k .;!. !. if ii 1 1 01 ITS 10 , 40', ini. 11 02 .11.27 11 ee ii :s It 2T COTTON MARKET New Yerk, April 11. Anether wet spell in the central nnd en'tern portions of the cotton belt caused n firmer open ing en the exchange, with prices up 4 te ! points The cables were better and added te the firmness here. Knrly trading features Includnir support from New- Orleans. Wnll strcrt nml l.Kn l.Kn l.Kn poel, and felling orders from 'Southern wire houses and spot concerns. I.nier then offering', supplied tie demand and pr.ces eased nbeut 7 points from Ini tial levels The Nntienal limners Association es timates tlie consumption, of nit ten by domestic mills In Mnrcfli .it .V.M.000 bales. This compares with IT.'l.OOO hales In February and 4;it5,nei) Inlea in March nst year, census bureau figures. i Kecelpts at the ports for the ports I are estimated nt 2'J 000 bales, against I V.0,020 bales a week ane. an.iri bales a 1 year age nnd 21 7W bales two enr.s 1 age. PrVn j f'ol.e Orer ' Mv . IT fj 17 7i , Ju . . 17 31 IT 40 in infpr 17 '."J IT .' Ii-rmhr 17,'H IT -'l 1 Jnnuiiry .. IT ns IT 'S 1 Otl r m IT T'.' IT 30 , IT Jil IT. IS IT 04 f fllrwtm rs lAvttpi. i h'i ue NEW YORK COFFEE MARKET I New Yerh. April 11 - 'l!lie coffee fu tures market opened unc&nnc'd te 1 points higher this nieinitix. Transac tions en the call were confined te Sep- , tember and March , Ar midday prices held clefe te the 'initial gains of 1 points, there being' I lltt e disposition te sell enntfrscts, with, , liewevfr. only a mederntc demand, f l trading being quiet. What firm offers were here cnrlv In the cesi nnd freight , innrket showed no lower prices, some of them being slightU higher. Jobbing ' l....,...i nri til'l a 11111 ... tl.jnra ...... llniin- n ""J. ''. M,,ll l'F lliyilg. ,S. mnrUet. Pri Ce Opn My Hfci-JKl (I iti,l Julj ... ii T'.fiTfl Ii 7,',WsO StfiifmW .. ! 4.'iMil U 4iih,.". Uwrntr . ft 47 li 45960 Today's Range In Liberty Bends l 30 HiSh Iin P. M Liberty S'-iS . . . Liberty 1st Uis Liberty JM 4s. Liberty .'Id 4i-is. Liberty 1th Hjs, Vlcter N 1',s Slil.'Jd !l!).'-'2 fM.'JII iiii.ne iKi.ne no.r.e jiii.nn fn,:K) jin.ai im.." .!ei.r.e eii.rii Iilt.iiH f)..V' Hfl.CO ioe ss ( ve ino.be DIVIDENDS DECLARED roc Vi'th I'nw.r ii I c i i eiurni nurir 1, t,"' cpii' n pr ft-i nl ii , at , May I I" Mm pf re, nl Air.i n Halt Cri-elt IVjimoneul il Mi i uini'iin iuaiterl- -.'i cate u bhiuc r-iyab't .Muv tu . .tnek cif recurd Anrll LO. Wtlls-Farce Cemcany, 214 per cent, pay abU June 20 te sleck of recijrd liar 20. I llmrtln-Fairr Cenanr. iMriMrv sa inim I gtrsM Jw 1 ta atesk tintK. Var 1S.ZJ - ' i NEW YORK STOCK: EXCHANGE TRANSACTIONS Tllv. Ill STOCK Hlh Adtitns Kxprcs-s . .. 66J4 3 Advnne numely pf. 474 4 Air Induction . . 54 .. AJax Hubber 16, .. Alaakn Ciefd Mlnen. , . Alaska Juneau (1 M 1 1fc 4 Allied Cheni llye. 68V4 7 Allied riictn M f pflOOJS t Allls-Chalmers .... 494 .. Am Agrle Chem .. 40T4 . Am Airrle Chcm pf. 68 '4 1:30 Sn.le tee 200 200 700 300 500 4200 100 1300 200 600 100 100 3700 100 100 17600 400 200 tee 100 300 1100 700 200 1700 100 300 100 1200 100 200 600 2400 100 100 100 3300 1800 200 3200 100 100 100 1 500 400 100 200 200 500 100 40O J00 380C 100 100 400 9700 300 14600 900 100 100 100 1000 700 6500 8700 500 400 800 100 1000 200 100 9400 300 200 500 700 100 6103 3000 100 600 100 400 2200 9200 600 800 1100 2100 4600 300 6400 200 200 7100 2400 1700 1100 1000 500 7500 5900 200 M00 2.100 11600 100 100 100 ?00 600 TOO 100 100 i 1500 200 400 6600 500 100 11700 100 5100 1700 3500 5100 I.O IV 66', 4754 54 104" H 114 6714 10614 40H 40 H 68 4 75 41 4514 6114 103 48 156 12(4 26 56 !4 6H IV M. 66yj- 47 H 1 54 -16 Hf 114 r 6814 -r 10614 . 49 -1-75 -41 -4814-1-6114 103 50U 15614-i 1214- 2614 5614- 6H . 4 Am Uanlc Nete . . . . Anicr Beet Sujrar. ., . Am rtoseh MHKiicte. 75 41 48 H 4 Am n Shee Pily new 61 !4 7 Am H She P pf new 103 . Am Can 50 "4 IS Amer Car A. Fdy. . .15G14 .. Am Chicle 12U . Am Cotten OH .... 261 Am I'otten Oil pf. m Urur Syn . 56! 6H m Hide & Leather 15, Am Hide & Ixath pf 70ij ' Am Ice 108 . Am luternat Cerp.. 46JJ 1 Am-I.a Innce Ehb 1 1 14 . . Am I.lnfeed 35'i . Am I.lnfeed pf . . 56 3 . Am Locomotive ...11214 15 1514 6914 V 7014 108 108 4- 46 '4 11T4 34H 56 H U 115 8514 R 58 96 ',, 92 132 1414 3814 96 i 7114 98 4 33 H 64 J4 12014 1394 135!i 1001, 29 '4 88 'j 32 t 16 'i 40 52', 45 112 9B'j 3'. 97 4 33 23 'i 114S 21 25', 84 1151. 46 60 H 40 32! j I 76 93 ' 112 70 'j 6'4 10 71 24'j 105'j 22'4 2014 94 1?8 41 14 91 14 6'4 2714 13 ' 764 5414 614 140H 14 39 U 73 ', 36 77', 64 14 9 in 23 ' 44 4 8 '4 2114 24 H 40 V 73'4 44J4 01 9i 65 18 28 63 V 54'4 48 '4 32 14 48 61 84 V 34 1 5 If 70 lj H 110 28', 111, 64'4 I02H 36'j 64'4 88 ? Hi 92 15'4 34 4 62 '4 18V 121 115V 106 V ?5 735 170'j 83V 1094 I3'4 ?14 14 '4 8i'4 96 194 103 164 17 '4 64 '4 72 '4 I02U 100 162 124 93 40 86 26 1 3 19 74' 42 14 11 28 '4 03 2U 98 V 18.' 70 39 's 174 g 107 34 40 Ti 314 84 10. -4 110 34 V 26 '4 18 78 '4 38 81 17 47 4 67(4 184 33 Ii 19T4 66 38 14 614 27 4 57 47 77 H 46! 11.r4 11214 115 -85J-4-8 -58 98 H r 92 ! 132 i-1414-384 -964 : 72'4 r 984 4 334 6414 . 29V 4 8814 - 32!i : 164 -' 41 ' 524 45 4 112 -984 -344 97 V 4'4 4 33 14 2314 - 1144 r 21 14 5 26 4 84 14 4- 1 1 14 4614 -60'i 1 40 -3214 - 1 7614 -9314 t 112 8014 -614-1014 ? 7144 23 'A 106)4 -2314 1 21 -94 f 1284 4114 -9214 4 64 4 284 I - . Am locomotive pf . .115 4 Am Itadlater . . Am Safety Razor . , Am Smelt Am Smelt pf 03'i 8U SOU 98', Am Smelt pf Sec A 92 2 .m snurr ,132 14H Am Ship .t Cem Am Steel Foundries 39 m Sttel t'dys pf . . 96 . Am Sucar Hef . . . 726 Am Stiltar lief pf.. 98&4 Am Sumatra 33 H Am Sumatra. Teb pf 64 'j Am Tel Jt Tel 120 ni -ronacce . ,u'j Am Tobacco B . . . , 1 35 ! Am Tobacco pf new 100 '4 12 . Am Wntrwks $;, pf 29', 7 Am Woolen 89U Am Writ Paper pt . 32i . Am Xlne I.d "Smlt 16H m Xhip l.d & S pf. 41 Amiceudn t'opper.. 52 Ann Arber pf 45 Vsse till. . . .112 6 Atcli Tep & Pan Ke 98r Atlan lr& Atlantic 3!4 T Atlantic I'eaat Line 98 . Atlantic Fruit AJi Ml Oulf A W I S S 33 !4 . At O & W I S S pf 23'4 T All r.eflnlni. pf 114S . Athts Tack Cerp... 21 .' 6 Austin Nichols 26 7 ustln Nickel pf... 84 t 7 Baldwin Locemothel 1614 Baltimore & Ohie . . 47 4 Baltimore & Ohie pf 61 Bainrtal. rias? .. 41 n.irnsddle '1.ifs B. . 3T Batepllas Mining . ft Bfthletiem Stel. 7 Beth Steel -- pf 8 Beth Steel 87t pf- 1 . 77 V . 94 .112 . 60'., , 7 10' fi Beth Stfel B Beeth Fisheries.... Brit Km Steel 7 Brit Km Stl 1st pf 71H . Btlt i;m Steel Id pf 251, Brooklyn Ttflnen. . 106' Bklyn Rapid Transit 23' . Bkln II T ctf of dep 21 , . Brkljn I'nlen Oas.. 94 8 Burns Bres A. ... 128 S 2 Burns Bres B . . . 41 '4 7 Bush Term BIr pf.. 92U Butte Copper & Zinc 61 . Butte & Sup Cep.. 28? Cndde Cn O & It . 13'j 6 California racklnp. 77 !4 California Petrelm 55 'allahnn Zinc fe Ld 7 10 Canadian Pacific ..141H .. Carsen Hill Mining. 14 i .. Central Leather.... 39'i .. Central Leather pf. . 73H Cerre-de-Pasco .. . 36',4 6 Chandler Meters. . 789, 4 Chesapeake & Ohie. 65' , .. Chicago A Alten... 9V, .. Chicago & Alten pr. 19i .. Chi & E 111 (new) . 24 Vx .. Chl & E III (new) lit 44 '4 Chicago & Or West BJi . Chl k Cir West pf . 22 '4 .. Chl Mil A St P. . 243, Chl Mil & St P pf.. 4114 6 Chl f.- Northwestern 73 Ti .. Chl n t A- Pan ... 45 ', fi Chl U 1 & Par fin, pf 8' 7 Chi P. I &Pac 7"- pf 05 .. nt Si P M & O. ... 65 . Chile ijepprr 18 .. Chlne Copper 28 'i . . nC Cln Chi & S L 64 .. Cluett-Peabody .... 54 '4 4 Coca-Cela 48 '4 .. Cole Fuel fr Iren.. 33(4 5 i olerado Southern 48 !4 4 Colerado & Se 1st pf 61 '4 6 Celum Cns & Llec. . 8514 .. Celum ("i-aphophens 3H cel ilranhonhene pf 1514 6V i- 141 -141, -39 Ji t 73 V t 36 -78 4 6514 - 9 18 V 2414 I 444 8 V ! 22 14 4 24 V -41 7314 r 45 61 95 4 65 18 4-2BJ4-1 64 e)2 - 48J4- 33 J- 4814 61 !4 f 85 4- 34 . 1514- 74 H 4 V ! non 30 ? 13 V --66'-i F 651 1 88 -2214 92 16 35 4 64J4 18V 1214 -115 V 1 1064 - 25 715 i 17014 -84 U 1094 f 1314 4 21 , 14'4 83 -96 -39 4 -1 08 14 -I-16J4 17 - 4 65J4 74 4 10214 100 162 1274 r 93 - 40 86 26J4- 19 7414 - 43 ! 11 28 'J 85U 1 24 r J8V, ! 1814- 70 34 -I- 174 i 9 107 34 41 4 3!4- 84- ieii 110 -J-34- 4. 2614 r 4 81 -i 17 474 I 6714 184- I Cntnput Tab Rec '? Censnl Di? Ins . . , 7 Consolidated Oas . 110J T'onsel Cigar . . . 30'i . Consel Textile. . 14 . Continental Can. 66s 4 Cem Products Itef.103',4 8600 6500 ;i3 Cosden & Ce 37?i 2700 . Crucible Steel 65 '4 100 7 Crucible Steel pf.. 88 4300 . Cuban Am Sugar. . . 23 100 7 Cub--Amer Sugar pf 92 0300 .. Cuba Cane, Sugar. 16 1300 . Cuba Can- Sug pf . . 35 9600 Davisen Chemical . 65 H 100: SI !sheers C Mln Ltd. 1 81 200 .. Delaware A Hudsen121', 100 1 Del 1ick & West.. 11 5', 100 S petrek Kdlsen .. 1061, 200 i isinie Mines.. .. 25 10 m Kastman Kodak .735 1A00 i; F.lec Storage Hat...172'j 500 S F.ndlcott-Jehnson .. 84', 100 7 Kndlcott-Jehnson pf109H 6800 Krle 1 3 1500 Frle 1st pf 22', 100 . Frie 2d pf 14'4 6700 s Fan.eus Players L. 84 700 R Famous Players pf. 96 , 100 4 Fed Min A- Smlt pf 39 H ?00 1" Fisher Bedy 108'4 1700 Fi.sU Rubber .. .. 16T4 200 Frecpert Texas . 17 300 . . ilasten Wms & Wig S 2700 . Oeneral Asphalt .. 66 '4 2500 f, General Cigar . . 74 H 100 7 General Cigar pf. 1024 100 7 General Cigar deb pf100 700 5 General Klectrle ..162 1U900 . General Meters 13 1C0 7 Gen Meters deb 7 93 100 Goedrich B K. . 40 100 7 Goedrich B F pf 86 200 .. Grnnby Cen M & M 2614 100 . . Gray Davis 19 2900 7 Great Northern p".. 75 800 4 Great North Ore ctfs 43 100 .. Gulf Mobile & .Ver . 11 100 .. Oulf Meb & Ner pt 2814 7500 .. Gulf State .-'leel ... 85 !4 3100 . Habirshaw l".l Cable 2 100 7 Hartman Cerp.. .. 984 100 .. Hende.j Mfg Ce . . 18(4 700 3 Henustalte Mining. 70 300 .. Housten Oil 39 H 300 ., Hupp Motorcar.... 17 H 100 . Hdrujllc Steel.... 9 200 7 Illinois i entral 107 300 .. Jmllahema Be,f 3H 400 .. Inspiration i.'en Cep 41 4000 2 Interb Cen Cerp... 4 6100 .. Interb Cen Cerp pf 1014 J00 Internat Agrlcul ... 10fi 100 7 Int Horv new pf...HO 100 2' Int Cement 34 H 400 5400 6200 900 100 200 100 300 300 8600 ZOO 300 100 200 7100 100 200 300 100 nier Comb Hug ... 26?4 Int Mer Marine.... 1914 8 Int Mcr Marine pf. 7914 Intcrnat Motertruck 38 ? 7 Int Motertrk 1st pf 81 . international Nickel 17 , International Paper 47 i 6 Inter Paper pf stpd 6714 Invincible oil uerp iet Iren Products 3414 34J4 Ji 19J4 66 -1- 38 Ji- 614- Island Oil Ii . Jewel Tea 1 9 Ii Jewel Tea pf 66 . Jenes Bres Tea . . 38 Ii Kansas & Gulf. . . ti'.i Kan Clt) Southern. 27 H 4 Kun City Se nf ... C7J-4 . KellSpff Tire..., 47 Kelly-Spg T 6 pf 77,'i 27 4 57 47 -77 4 - Net mi. St In I STOCK 100 7 Kelsey Wheel pf.. 2200 .. Kennecelt Copper 100 . . Keystone T ft It. . 100 Kreage S H 1.80 P. M. ChfS, lllnh 103 30 H 1714 t.nw 103 3014 17 Ji 139 544 61 3214 6414 112J4 11114 1514 13 42 15014 11214 11614 87 634 1814 21 Ji 80 46 59 '4 45 V 914 50 63 32 28 1514 2814' 32 64 U 20 14 11614 130(4 29U 128 14 354 1014 74 14 361j 174 2414 58 V 67 Ji 19V 3114 16 133 V 2!i 36 '4 91 112 5'i 15'4 66! 4 71 88 65 68 3214 57 It 2014 2814 10514 5614 424 7714 29 24 19'4 15'4 64 J4 32 68 14 53 J4 6214 554 74 r 13 424 11 84 1614 294 67 73 394 36 20 1 ' 4214 9 52 60 92 32S 82 17 7 4 95 27!i 85 123 39 33 1014 y V 25 154 78 4 48 35 34 5614 81 '4 74 454 111 It 61 30 29 4 44 4 4', 20 4'4 6', 11V 74 V 13V 84 44J4 25 4 46 49 1 i 89 V 234 55'4 96 174'. 394 53'j 117 V 103'i 5'2 38 4 2 '4 114 44 'i 41 34 '4 27 4 21 '4 61V 28 V 41(4 94 41 62!i 10)4 137 73!4 33 69 '4 144 1814 35(' 47 J', 37 69 5 '4 46 4 38 64 4 624 10414 9814 11714 654 16)4 4314 3314 81 14 !4 304 17J4 139 4 554 6214- 3214- 6414 112J4 11114 1514- 13 42 -15014-II 2 Ji 1 I 139 14 14 Z52 kclawanna Steel.. 554 H 200 .. Laclede Oas of St L 6214 100 .. I,nlce ! A W nt 3? 11. HI 100 314 Lehigh Valley 64 14 100 7 Llgrett A Mvern nf1l2 300 200 300 7 Lima locomotive. .. 112 .. Leewe .Ce 1514 I Left Candy 1314 . Loese-Wlles Biscuit 42 12 Lerlllarrt Tobacco. .1501-4 7 Lerlllard Tobacco pf113!4 7 IOUlsvllle & Nnali.. 11GIA 1!4 14 2H 100 200 200 100 200 100 500 5000 100 100 700 200 100 400 400 700 100 100 500 300 400 200 500 22500 100 100 73001 3800 200 400 8600 1000 200 1300 200 100 800 200 1500 100 35MJ 400 500 100 400 500 100 100 3700 100 200 100 ! 100 2600 200 600 700 200 2300 1200 300 200 11900 100 6C0 . 100 17300 14800 3000 203 700 6100 10500 1400 400 1600 800 100 100 1700 1700 200 900 100 200 100 2500 200 11614 8814 634 184 iiiaeKay Ces 1 Mackay Ce pf . . . 75 Mctntyre new... . . Malllnsen A Ce.. 7 Mulllnsen Ce pf . . Manatl Sutrar. . . 8854 634 184 2214 80 4 14 14 ii 224 80 46 5914 454 9J4 50 63 32 28 1514 2814 32 644 2014 46 4 Manhat f.lec Supply 6014 7 Manhat Kiev Guar. . 454 .. Market St rtwy.... 914 . . Market St Bwy pf. . 5014 114 14 6 Mar St Ry pr pf . . 63 aj V 14 14 1'i 'i . Jinr St Rwy Id pf .. Marlln Oil .. Martin Rockwell. 2 Martin Parrv. ... . Meth Alkali 32 28 1514 28J4 32 'A .. Max Moter class A 644 . . Max Class B 2014 S.May Dept Stores.. 1164 12 Mexican Petroleum 134 14 2 Miami Copper 2914 4 Michigan Cent 128 20 Middle States Cerp. 1414 .. Mldvale Steel 36( -. Minn tc St Leuis.... 1014 . Me Kansas & Texas 74 .. Me Knn ft Tex (wl) 1414 -. Me Kan ft T (wl) pf 3614 . . M K ft Tex 1st aw.. 174 2914 128 1414 354 10(4 74 14 3614 1744 24'4 - 584 67 Ji I 16 -1334-314 3614 . Missouri Pacific... . . Me Pacific pf .1 Mentana Power. . . . Ment Ward ft Ce. , 8 Mulllna Bedy . . National Acme. . 7 National Biscuit. . . . Nat f en ft Cable -. Nat En ft Stamp. National Lead. , . , 7 National Lead nf , 24 U . 584 . 674 . 19'i 311, , 16 '4 .1334 . 314 . 364 91 Ji 112 '4' 91 Ji -5- :i 112 .. .Vat nitefM 2d Pf 54 54 1514 6614 -71 ! 88 -65 68 4 2014 -2814-105Ji 56 14 -42J4 4 . . Nev Cen Copper... 1514 6 N O Tex ft Mex 66 '- . N V Air Brake 71 fi New Yeifc Central. 88' i R New Yerk C A St L 65 .5 X Y Chl ft St L 2 pf 68 4 4 New Yerk Deck 3214 5 New Yerk Deck pf 5714 , New Yerk N It ft If 20V 2 New Yerk Out ft W 28 J4 7 Norfolk ft Western 105 14 3 North Amer ctfs... 56J4 3 N American pf ctfa. 4214 6 Northern Pacific... 774 V 14 '4 4 7714 - . Neva Scotia S C. 30 4 '4 4 4 . OKia Tred ft Kef . . . . Orpheum Circuit... . . Otis Steel . Otis Steel pf 2 Owens Bett Mach.. r. Faclve Gas ft Elec. 3 Pacific Oil 6 Pajt-Amer Petrel.. 6 Pnn-Amet- B . Tanhandle 24 194 164 64 Ji 32 4 68 '4 55 '4 65 58 714 "ti 1'4! Hi I 14 ' ' n 14' U '4 114 ! Parish ft Bingham. 2 Pennsylvania n Tl.. - Penn Scab Steel . . . 14'i 424 114 5 Pfeples Gas Chicago 85 . . Peoria ft Eastern.. 16 4 Pcre Marquette... 3014 B Pere Marquette pf 67 4 B Pere Marq prier pf 73 3 Philadelphia Ce 39V 2 Phillips Pet 36 '4 . . Plerce-Arrew Moter 20Ji . Plerce-Arrew Met pf 42 U Pierce Oil 94 5 Pierce Oil pf 52 B Pitts Ceal 60 6 Pitts Ceal pf 92 . Pitts ft West Va.. 33 ; '4 ' I, I 1'4 ! 1'4 'i 'i 14 4 ' I 4, !i 4 , 14 1 '4 '4 '4 G Pitts ft W Va Df . 824 200 lia rend creek Ceat... 17 300 Prersed Steel Car.. 8 200 300 100 100 1300 5100 100 100 7 Pressed Steel Car pf 95 . Producers Refiners. 2714 6 Pub Service of N J 85 S Pullman 123 , . Punta Alegre Sugar 4014 Pure OIL, 33 4 X Ture Oil pf . S Railway steel 1014 99 V 25 15'4 79 U Spg 100 .41 Rand Mines. 700 Ray Cen Copper. 2700 100 100 4300 12400 2000 200 1900 200 10800S 1000 2300 300 600 100 100 300 600 7.000 1600 100 '. 4 i'i !4 1; 4 Reading 2 Reading 2d pf . . 48 . Remington Typewrit 35 . Replegln Steel 344 Repub Iren ft Steel. 58 H 2 Rep Iren ft Steel pf 82 . Republic Meters 7 4 R T Reynolds Teb It 4614 4 ' V R T Reynolds Teb pf 11 1 14 Royal Dutch N Y. 624 i , 3's , '4 ri 2 !4 j 214 ' 14 4 4 14, 14 ! 2 1 St Leuis Sin Fran. . St L ft S W R R.. St L Southwest pf. Santa Cecelia Sugar Savage Arms Saxen Moter '. Seaboard Air Line. . Scab Air Line pf . . Sears-Roebuck .... Seneca Cep Cerp... 3014 30 V 44'4 4'j 20 4'? 6'i 12 '4 754 14 8H 454 254 Shattuck Aria Cerp 900 3', Shell Transport... 2200 Sinclair Oil 300 100 6100 5200 500 1000 800 2500 8600 t3?00 300 100 100 1200 100 100 4500 5100 1100 1200 100 100 100 100 1200 100 200 1100 800 100 1200 200 400 6600 2100 4900 2900 200 300 600 200 2500 1800 800 21100 100 1600 600 4700 200 300 2200 300 700 300 200 4500 1200 100 5900 400 100 1300 1200 100 900 2300 200 300 400 200 700 .. Sleis-ShetTleld 46 . . Se Perte Rice Sugar 49 '-4 6 Southern Pacific. . . 90U Southern Rail 24 '.4 .. Southern Rail pf .. 5514 4 Standard Oil of Cal 97 "4 6 Standard Oil of N J175'i 2 Stewart Warner Spd 41 '4 . Stromberg Carb. ... S8lj 7 Studebaker 120J4 7 Studebaker pf 108J4 .. Superior Oil Cerp.. 514 . Superior Steel .... 38 .. Sweets Ce of Amer, 4'4 .. Temt Cern ft F "A" 2 '4 . Tenn Cep & Client.. 114 3 Texas Ce 4"S4 . Tex Gulf ft Sulp.. 42V ,. Texas ft Pacific... 35'i 1 Texaa ft Pac C ft u 28 ' .. Third Ave 21 14 5 Tobacco Products., 63 4 .. T St L ft W ctfs B.. 28 V . TStL&Wpf cfsB... 41 "j . Transcem Oil 9'i Transue Wrn Steel. 41 C Union Bag & Paper 62 Ji . Union Oil 18Ji 30 Union Pacific . ... 137 '4 4 Union Pacmcpt. . 73J4 .. United Alley Steel,. 35 . United Drug 70)4 5 United Fruit 144 .. United Rwy Invest.. 19Ji .. Unit Rwy Invest pf. 36'4 6 United Retail Stores 48 4 . V S C I P & Fd . 37 J B U 3 c 1 P ft F.ly pf 69 . r S Feed Products 5'i .. US Ind Alcohol ..464 .. US Smelt & Kef... 38 ..US Realty ft Imp. 6514 ..US Rubber 634 5 U S Rubber 1st pf.. 10514 n U S Steel 99 14 7 U S Steel pf 11714 2 Utah Copper 66 .. Utah Sec .-. 17 U .. Vanadium Cerp.... 44 4 .. Va-Car Chemical. . . 3514 . . Va-Car Chemical pf 82 . . Vlvadeu Inc 11 ,, Wabash 9. '4 1 .. Wabash pf A 31 ' .. Wcatern Maryland. 10 14 .. W Maryland 2d pf. 1914 .. Western Pacific. .. 2214 6 Western Pnclfte pf . . 6014 7 Western Union Tel. 9814 4 Westing P. ft M ... . 63 14 .. Wheeling ft L K ... 94 . . Wheeling & L U pf 20i 4 White Moter 44 Y .. White Oil Cerp.... 10 .. White Oil rts . ... Ii .. Wtck Spenc St Cerp 16 4 .. Wlllyn-Oirrlam! ... 84 X Weel worth V W... 16114 4 Worthlngten Pump. 5314 7 Woith Pump pf A. . 90 6 Werth Pump pf ll.. 72 .25 Wright Aero 84 .4 1 !i 14 1 4', 2 "4 4 4 "4 3 14' ?l V ' 14 14 1 4 , 1'4 " 4 V in 'j 1'4 i " '4 '4 1. v. 24 1; 1 14 14 4 4 : 114 104 94 31 10J4 19 204 59 9814 6214 94 2014 43 94 14 1614 814 161 53J4 90 71 Ji 8 14 4 !4 H 214 14 14 14 14 '4 ". 1 v. Y llllll - STORAGE BAHERY Met Chie. 103 - 2 Profit-Taking Carried P. R. T. Down te 30 Wider Market for Phila. Insulated Wire 1 The sppctncular rise in Klcctrlc Stet age Battery, carrying that Pw'n'iS.J0 a new high record for the ycfir nt 17-Mi. or Ii points nbevc In'M. night h final quo tation, nnd the continued heavy protlt pretlt taking In Philadelphia Rapid Transit were the outstanding developments el the local market. . .. . . The further elevation of Llcctrlc Storage Battery, wns partly n,rcV'cI tlen te the bueynnt movement In that stock en the big beard, nnd partly n response te the glowing reports con cerning the growing business of the concern. This, lt was reported, had reached surh n stage as te foreshadow nn early operation of the new Crescent -ville plant. The new stock reached 43 en small transactions, which en the basis of the proposed exchange or four shnres of new for one of the old stock, would give a value of li4 for the old. , The liberal realizing sales in P. . T., which caused a further reaction te aO?s. or 3i point tinder the top price made last week, was net surpris ing in view of the almost perpendicu lar rise from 17 "incc last winter. There was some selling en the valua tion figures which arc expected te be presented by the city officials nf the Public Service f'ommislen hen ring, either today or tomorrow, and which nre expected te show n tnatcrinl dif ference from that given by the company. The hnrcs of the .underly ing companies were net nffectcd. Union Traction being particularly firm at 12. Tlie trading in the general lift was quieter. Pennsylvania cased off te 426. There was a broader market for the shares of the Philadelphia Innilnted Wire Company, showing the undcrwrlt-. Ing syndicate were getting into action. American Stores Issues were well sus tained. Lake Superior shaded under 11 en moderate realizing -nlcs There were small dealings in American Oas, Consolidated Traction of New Jersey, Insurance Company of North America, Lehigh Navigation. Pennsylvania Salt, Cambria Iren. Yerk Hallways and Phil adelphia and Western Ht uhchnnged or slightly changed prices. 214 - 14 - 4 - - - - - 14 44 1 !4 214 -12 1 - 9 - I .. 14 4 14 14 14 'i 14 14 - 1 Philadelphia Stocks 29J4 U4 REACHED NEW TOP 24- '4 194- '4 164 4- 114 64J4 Ji 324 -r 1 68(4 14 5514 11 65 4 214 58 214 714 14' 1 4214- U 114-1 14 8414 4 1 164- !i 30 67 - J4 73 - 14 39 H I- 5i 36 20 '', - 1.4 4214 9-4 52 - 214 60 - 14 92 - 1 32 V . 82J4 4 '4 17 - !4 8(4 95 27 '4- '4 85 - !4 123 - 1 40'i !- 1 33 '4 4 1014 i 4 99V - '4 25 154 78 4 - V 48 - '4 35 34 58 li -1- 2 81 14 '4 74 45 Ji 1 1 1 14 - 14 624 4 3014 4 294- V 4414- 14 414 - '4 20 t I'i 415 .. 6'4 4 4 12(4 !- 'i 75 - !4 13 4 84 - 14 45 - '4 254 .. 46-4 49!4- 4 894 - '4 23 J4 - 4 5514 97 14 1 17514 1- 21i 41 i 1 i4 5814 5J4 1204 f 2!4 108J4 .. 514 .. 38 414 h 14 2(4 .. 1 1 4 - '4 4S' f- 4 42V f 1J4 34 Ji i 1, 27V - ',4 21 14 - 14 63 4 4 Ji 28 4- 4 41 li 1- 14 9 4 - 14 41 - 2 62 Ji I" J4 iaji .. 137 - 14 7314 .. 34J4 1J4 6914- 14 144 - i2 18 4 35(4-1- 'i 484 f- 4 37 V I 4 69 , 5'i I !i 464-- 4 38 65 4 I J', 63!i .. 10514 4 1 99 ! T 14 "7K .. 654 - J4 1714 1 Vk 434- 4 3514 I- 14 nM4 .. '04 .. ,97i 3Hi - ti 10(4 , 19 - 14 2214 4- 14 6014 2li 63 - y 94 14 2014 . 14 I 1J4 9J4 'X 14 4 11 '614 . 8 ! 14 161 ', 53J4- 4 90 72 - Ji 1 is V M. !IS J.IO (ill Net chue Mlh Ty-c 7" Am Stores IW8 IIS 20 deHtpf.130 me .V5 Am Gas. . G.'J O.'J 10tAm Hide & I. pf.. 70',(, 7ft1. 15 Camh Iren .111 .10 35 Cen Tr N.I fifi ." 701 T? r,ft ' 30.-1 K'ec Ster.l"2"i J 70 172 4-.T 40 de new.. 43'. 4:t'i 43'. 1 05 Hunt & 15 Tep pf. 15 .. Hl-V- 15 In Ce N A 34!, COflnterbore Cens pf.. 10la 50fln Marine 18 445 Lake Sup. 11 V 100 leh Nav.. 72'j 20Leh Val.. (14 M OOOtMidvnle.. 30 1045 Pennii It It 42!s 25tPcnn HHtl 11Vi 2.S Pennn Salt 73 100 Phlln & W 8, 010 Phil In W 314 1S0 Phlln Ce cum pf.. 3Si 170 Phila Klcc 27f: 730 de pref . . 28, 0300 Phila It T 32U 20 Philn Trne 07 low. 1ST 10 72', 42 'n 11U 73 31 .w; 27 , 2N'. 3K 07 20"i I0ii- S? 10Ts Vi 72U ", 01 U 14 30 . . 42 U, 11 U- '-. 73 1 s-.. 34?;- u SSU 27s.. 28 31 07 .. 25t Pierce-A r 20r's 20tStttdebkr.120'i lP.I'X, 120'. 2 .".(Ml 'rutin Hel. ins 555 I'nlenTriii 41! 10 I i I 45 50 de pref.. 53' -lOfWeninghse Klec ... 02 10 Yerk Itwy 22M. 1" Vs.. 1, 42 f. 4.". 45 4l '4 fill 'J , . 2i iWia- 22''i 22V. . t.N'et hni md bv rompurlien wllh Int le en New Tork Stock ExchnnB.. i"niLir.i.rniA bends 1100 Liberty 3d 4Vis "23. 100(1 Liberty 3d 4',s '28. 10000 Liberty 4th 4'4s '38. 1000 VIeterv 44s '23 2000 Electric & Pee 4s.. 5000 Electric & Pee 4s.. 110.50 W1.54 00.50 100. S4 70 en", 45 1000 Interstate Railways 4s. 1000 PennsTlvanla 6',." 3H00 Phila Klcctrlc 1st 5s.. lets 15000 Phila Klectric 0s let 1(17 ' 115 '.. I 1011.. I Financial Briefs United Cigar Stores March sales were $6,013,3-i4 against B.400,60S1 in March. 1021, and 50-075.258 in 1020. American Snfety Razor Corporation reports for the first quarter of 1022 net earnings of $332,538. or nt the ifllA nf nniiwiYlmntnlt' $f 11(1 r.AH V.n.. .1. Wllllsten Smith, president nf the West Ktnl Trust Company, was elected a director of the Philadelphia Company for (lunranteeing Mortgage. Menej In circulation April 1. .$5,. 440.101,811, ngnlnn S5,4SS,"02,75S March 1. 1022, nnd ?0, 102,25(1,01)7 April 1. 1021. Pure Oil Company reports offering of $12,807,500 common Meck at par, $25 n share, te stockholders has met with geed response, The iHerage price 0f the twentv -r. tive industrials advanced .48 per cent yesterday te 01.11. while the twenty railroads advanced .10 per cent te 84.01. - Phelps I ledge Corporation reports for year ended, December 31 net jess $8,530,OOS after charges and deprecia tion, against net income $733,111! or $1.03 a shnre in 1020. Repert of Chicago and Western In diana Railroad Company for the venr ended December 31 shows net income of $510,411. or $10.33 n share In the previous year. Fer the year ended December 31 Iloeth Fisheries Cempanv icperis less of $2,230,044 after charges nnd de. of $(03,502 in the previous rear According te reports In 'railroad circles, the rebruary showing of all but two of the 201 lines Indicates n to te tal net er.erallng income of mere than $47,000,000, or ner $1,000,000 mere than previous estimates, based en re ports submitted bj ISO reads Stromberg Carburetor Company for jear ended December 31, shows net profit $81,070 after charges nnd Fed- !',L,,?,"V ,'qunI !" ,?U,S n "hare en 75,000 shnres cnpltnl sleck (no nnr) against net profit $310,101, or SI vi In 1020. r iM,", -Atchison Railway handled 21301 enrs (luring the Dm seen din.s of April compared with 25.4S5 for the cor cer cor respending period jear nge in .reuses were registered In loadings f lumber nnd oil, whlle ether commodi ties were of less volume, The Shawinlgan Water and Power Company will en .luly j redeem tlm outstanding $3,085,000 of 7V4 per rent secured convertible geld notes ijtie Julr i1'.102?' "nV04 pPr 'Jrvnt ",(1 "ccnied Interest. These note's, issued in June 11)20. are secured by $.1,318,000 (1 w'r cent Series II hiM mortgage bemN HMPIrv CLEARINGS I enJIni uWvTt te ,iT,,",,I tt "" "' " RhlU.. IBI.odh'eOO 168,841,784 gn &, 1'oiten . fi4.neOOOI 4T.nnVsTA i'5'JI . ... . 4- il. r-... T..... M Free of All Taxet tn rmnntyivan, . .... MWn w i mm Per Dellar Per Annum (Except Succettien and Inker itance Taxet end State Income Taxei) i Metropolitan Edisen Company (PENNSYLVANIA) First & Refunding Mortgage Geld Bend. Series "B" 6 Denomination!, $1000, $500, $100. Due Fib. 1, 1952 Territery: 64 communities in Eastern Pennsylvania, including Read ing and Lebanon. Security: First mortgage en portion of properties; direct mettgage en all properties, subject te $2,570,000 underlying (closed mortgage) bends. Valuatien: Aggregate figure, based en engineers' report et 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. 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. Market: Application wilMie 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 thii isatte will be supplied upon request. HALSEY, STUART & CO. INCORPORATED Land Title Bldg., Philadelphia Phene Lecutt 7410 CHICAGO NKW YORK 111 It.ADKI.PHIA IIOSTON METIIOIT MILWAUKEE MINNEAPOLIS ST. LOUIS ;si.. Serves te Prevent Credit Lesses What Our Service and Collection Dept. Means te Manufactttrers and Jobbers Seme of the American's Policies of Credit Insurance guarantee te cover net only the various forms of actual insolvency, but also include and cover accounts which, at the election of the assured, are due and payable at the time of filing, but net ever sixty days past due, under the original terms of sale. The New Yerk Insurance Dept., in its March 6th re port en examination of the American Credit-Indemnity Ce., says: "Undoubtedly the activities of the service and collection depart ment hase lowered less ratiei, afforded efficient service at a min imum cost, rendered collections mere certain and assured prompt 'recovery te the Policyholder, any such collections being immed iately remitted te assured, without waiting for adjustment at the end of Policy period. Furthermore, notices filed under the collection prevision of the Bend are acreptrd as proved eUims and save the assured the necessity of substantiating his claim at maturity of Bend." Write or phone today for full particular. Ne obligation. Paymtnti te Ptlicyhtldtrs evtr $ I J, 000,000. 00 7p AMERICAN CREDIT-INDEMNITY CO. of NEW YORK E. M. TREAT, president ISSUES STANDARD UNLIMITID POLICIES W. J, Merphy, Manager J. F. McFsdden, General Agent' 1011 Chestnut St. Phene Filbert 5503 Philadelphia, Pa. $274,000 CARBON COUNTY, PENNA. HIGHWAY IMPROVEMENT 4V2 BONDS PRICES AND MATURITIES AS FOLLOWS: $173,000 DUE APRIL 1, 1937, AT 104.16 58,000 DUE APRIL 1, 1942, AT 105.07 43,000 DUE APRIL 1, 1947, AT 105.82 ACCRUED INTEREST TO BE ADDED TO NET 4.125 REILLY. BROCK & CO. 306 CHESTNUT ST. PHILADELPHIA I!1 -- -- J i -!. Aatutte41 When a title is fully in aured, your property rights and claims are known and secure. The :-ntisfactien that comes from the knowledge of this fact h alone worth-the small cost involved, Our Title Insurance facilities nre a source of great pride te us, as we believe them te be equaled by few in this city. JNilH iilLallll' 3uSV . r!.nssWMiypi North Philadelphia Trust Ce. Bread St. and Get man town At AbeTe Erie Ave, Philadelphia n rrfr , ' " "" s" ",t-'fVr" -ss -r 1 - (- 'wf A Bfc.4-.-. V s-f l1VJU, ' " fcJX,Wluffa ;.,, ,y miZZ& .LV&l&lfa ', if t WM.'ll.K' J