' Tv. .) Li ij., iiii v,WJ'.MMUU I I - IBP . 1 4 A w n'f American Ouatir tin Refining Ce. ut 12" V AM rr.U a.. J. It1 ye umii oerwi :j,fj Due 19S7, . tele funded debt,, of thle, Company, which it the largest tugir, trefinini Company- in the world. JYfce fielding about 6 Circular en Requctt TheNatieul City Ctmpaay rWUrfalahla 1417 Chaatnut 3t. AtUatic City ChalfenW BUtU IMS Boardwalk 'ill I American Railroad Bends for Investment A striking improvement in railroad net earnings for February is reported by 40 systems. These toads returned aggre- fate net earnings of 31,891,106 in contrast te an operating deficit for February, 1921, of ever $4,000,000. Investors will be inter ested in our selected list of opportune railroad investments. Hemphill, Noyes C& Ce. ttembf Nw Yerk Steek Exehunfr Franklin Bk. Bldg., Philadelphia Mtw Yerk Boateo Scraatea Albany ByraeuM Haltlmnf Railroad Beads We have selected six railroad bends which, in our opinion, offer particularly geed in vestment value in their ' respective classes. A description of these issues, with our April Bend List, will be sent upon request for our Special Railroad Bend Suggestions. p- iCl. ft V IS Harris, Ferbes & Ce Pin St., Cor. William NEW YORK Philadelphia Office. Widener Building Telephone Spruce 7040 E. H, Rollins & Sens I'enndtd 1876 Investment Bends 1421 Chestnut St, Philadelphia rhene, leruM 7300 Be$tun New Yerk Wtlkes-Barre Baltimore Chicago San Frauciice RV F 8rt I 33' t Province of New Brunswick Sy2 Geld Bends Due January 16, 1932 Theie bend are direct and general obligations of the Prov ince and are payable principal and intereat, from the general revenue fund in U. S. geld coin in New Yerk City Price 101.89 and interest Te yield 5.25 Detcriptive circular en rtqueit ' R , WE have en hand and offer for conservative investment the first mort gage bends of the electric t power and light company operating in a Pennsyl vania city of mere than 100,000 population. The investment yields ' about 5.60, tax free in this State. Details furnished en re quest. We invite inquiry en all cur rent investment subjects. HAkW&TURNER $ '. Investment Bankers V. & w lv ' ?l , "ftfrnifM Philadelphia Stock Exchange SVeb.' V.Ateck Exchange Building , Slogan's VScVadJi) Philadelphia bjJi" ny rZAl Uu& 'j,,' tikttric Lifht Ce. v& yiLLv'm.-:7z? , NiHfcyf1pl't'tf:'t'ltl'l''l PAIR UNIMPAIRED List Came Baek: Streng After 1 Brief Hesitancy 'at the e. Opening BU 1300 .100 2400 , 100 '1800 100 200 300 900 100 2500 S0O 300 200 eoe 300 tee 1000 2100 300 100 2900 100 700 4000 2300 100 1600 900 eoe 1000 600 400. 100 tee 400 4200 100 1700 100 3100 100 100 4100 200 1400 100 3900 400 100 30O 900 100 11100 17200 300 400 1200 200 200 800 9100 200 2100 3500 900 900 400 400 800 500 500 100 200 300 300 290O 100 2800 200 100 2100 400 700 300 2100 700 400 300 3600 7100 1900 400 15900 200 100 2800 100 100 12600 500 100 700 100 100 2000 100 300 10900 1600 300 4300 New Yerk, April 10. The notion of today's stock market demonstrate! In a most convincing manner the technical tiosltlerv had been greatly Improved by the sharp reaction of the preceding urtslefis. Thin. wn Indicated first ;in the absence of further urgent selling; secondly, In the recuperative powers which the en(lre list disclosed after a brief period of hesitancy and lrreg afarlty In the. Initial proceedings. Hut what market disclosed mere emphati cally than anything cls was the Indis putable evidence that the bull or con cen con Htructlve party still retained complete control. In ether words, the upheaval since Monday will probably prevp merely a brief interruption of the con structive campaign. While the market as a whole came back strong and revealed remarkable rallying power, jet it was apparent the wild performance of the two preceding days had a decided sobering effect, which was clearly indicated in the nb nb nb sonce of spectacular upblddlng and also In a ineasureable curtailment of activ ity. Although the volume of dealings was materially under the record of Monday, tbe t mdlng was still quite active and en n basis of raore than a million shares for the full session. Overnight consideration of the un pleasant developments of the Genea Conference flnd the action of the Sen ate caucus en the Soldiers' Uenus Bill robbed both events of a considerable part of their disturbing possibilities. Furthermore, there was Bcnslbly a widespread recognition these events had net only been greatly exaggerated, but were merely coincidental te the real conditions which produced the set back. Then, again, It was found after mature deliberation, neither was quite se bad as it tlrht appeared te be. .As naturally would be expected after such a violent shakedown as witnessed yesterday, there was mere or less be lated selling te be cared for at the open ing and In the operations directly fol lowing. It was seen evident, however, the selling movement had spent Its force,, while continued strength efvthe representative rail? had a balancing ef fect. The constructive forces still hud a powerful ally and lever in tbe con tinued ense of money rates. There was an nbundancc of offerings of call money at 3 per cent, which alone could be counted en as a checkmate te any fur ther aggressiveness en the part of the bearish contingent. Karly hesitancy was followed by gen eial strength as buying of the lead ing meters, steels, equipments and jun ior rails was resumed. Studcbaker. 1 Chandler, Baldwin, Great Northern Ore ami united states Steel rose 1 te -points, the latter approaching its recent high record. Texas and Pacific, Heck Island and Pittsburgh and West Vir ginia were strongest of the rails. Cen selidated -Gas at a gain of 3 points represented tne nigner level or prices for utilities. Specialties and miscella neous shares were featured by Ceca Cela, Cern Products, Industrial Alco hol and Sears lteebuck. American Smelting rallied en the better tone of ether coppers and shippings also Im proved, Commodity Markets GRAIN MARKET Chicago, April 31). Unexpected strength In Liverpool, where prices were up 1 te 1U cents, caused an active buying movement in wheat, and prices advanced 2c te 2c. A decrease of 5,500,000 bushels in the amount en passage during tbe last week was also a factor, and foreign exchange was firmer. Expert sales yesterday were said te have been ever a million buahels of old and new crop, but there was little evi dence of new buying. During the early sow-Ien the new crop months reacted under profit-taking, while May held comparatively firm. Cern advanced !,p te 1c with wheat and en reports of n fairly nctlve expert demand, but lest part of the gains un der prefit-tnliing. Oats were Ann, with gains of lie te c. Previsions were Inactive and little changed, as weak cables offset an ad vance of 10c in the hog market. , 2800 100 2400 3500 1400 3100 100 100 300 ZOO 100 20 2200 100 1100 1100 500 5400 100 900 3300 100 100 2500 100 200 100 16800 100 250 500 200 200 tee 1000 100 500 100 100 4700 800 100 103 2900 300 200 700 100 1200 500 2100 1400 100 100 Cern May July September Wheat May July .. .. beptember Oeta May July ...,, September Rje May July ... . September Did. Yeit. cleae 5V.H Orwn l p. m. AAU. Iff. AAIL itnl. OJt m;. 04' 3i V 0U 00' 1 30W . 1.28S , l.l"1 1.41 1.1!U ft,4t'4 J.4t'i (tri.sa1 i.'.ms 1.18 37'i 40 41'. .it; 40e i.en' yj'i sat 1 00' lit) COTTON MARKET New Yerk, April 10. Trading was nctUe in the Cotten Exchange early, with first prices 7 te 20 points higher. Further ruins in the central and eastern sections of the belt, heavy in places, ptimulatcd Jeenl covering and there al"K was purchasing by Liverpool en strength In bur iher. Iteallzlng by commNxien homes and selling lv Jap anese interests furnished the offerings. i Later the list was firm, with prices about 1 1 points higher en active options. Receipts nt the pertb for the day are eitiinatcd at 10,000 b.i!c, against 1(1,005 bales it week age ami 10,5.'iS bales n jcar age. I i p jr. i IT IIS 1T.II1 it r,j I IT 01 I Prev fleie . IT HI . 17 SO .. iT.r.'i . IT. -ST . 17, .10 IT 'J Ojfi IS M IT. Ill IT, TO 1 7 1 1T.SS IT 64 Mhv .. . .lull Ortnbfr January Mjrcn ,. NEW YORK COFFEE MARKET New Yerk, April 10. The cedec fu tures market opened 0 te 11) points lower this morning en active long liqui dation, due te disappointing ilra.iiiuu cables. The market was doing better at midday and prices had advanced - te -1 points above initial figures, with Sep tember switched te Match at 10 points and te December nt the same diffeience. May and September were switched at no nnd then 55 points. 5100 2800 100 100 100 2500 3800 4600 100 100 600 100 6200 3900 2.00 5000 1500 400 Pr. .lei May 1040 July lo.innse Hcptember O.S4(u81 December li T.1T1 Jltrcb 0.7:073 Ul'J. Open 10,28 10.0,1 0.71 73 64 0.03060 Raw Sugar Market Firmer New nrk, April 10. The raw suirar mar. it In fairly active and a nhad armor, with Cubaa (or April and May shipment quoted at ,2 V. cunt and freight. In addition te the alca reported yeteruav an operator ac- null tun euzara ter May leading- at e. , 43 pigs cunui, .May Rhlpment, rout and f relsht. an 1 300 tenn aeld for prompt nhlbment at 2it t.. te Canada. Arr al of rw in- lUadlnqr ir.Uy Included 1W C00 Laa of Cubaa for National .Sitsar I'.eflnlni Company, 1)00 bana le the Warner Huar Reflnlns Company nnd HUOO Imsi San Domnset and 3000 bak-a Perte Ititna en route In Cnpadu The local re. nned market la unthunued ut u "Cc te fi.r0c, Itta - per cent fur rauli. i,i' . BANK CLEA.RING3 Hank clrlns. today remparej with cer' repenUln -day last two years. Uve ye fM.'fli Jt .. 1S20 Phil.' 'i.lSi.MO.OM s.aas li'na, i "i Y, .j4o;eo;go M0T Sft,T.0T8 .' ..' .! -....: -'j l:se Net , P. St. cht. ' 64ft- ft STOCK' aHMi TOW 64ft 4ft' 54 17 90 . - Adama Kitrm -,. . 84 100 Advane RUmely pf. 4t 49ft 84 17ft 100 " Air Jieouetien .... e Aiaa Itubbtr 174 . . AUak Juneau d M 1 4 Allied Cham ,Dy. tf H. 7 Allied Cham ft Dpfi07K4 4 AtllaChalmera ' . . . . 49 7 Allls-chalmeri pf.. 94 . Am Agrle Cham .. 38 H .. AmlM Btigar...; 41 . . Ant Besch Magneto. 46 4 Am B Shee Fdy ncjv 01 .. Am Can '47H iz Am Car ft Fdy 161 .. Anv-Chlcls .'..).. iMIM Am Cotten Oil . ... 26 . . Am Drug Syn .... 6Mi .. Am Hide ft Leather 13K Am Hide ft Leath pf 68 H 7 Am Ice 107ft . . Am Internat Cerp.. 46ft 1 Am-Lm Franc Eng 12 . . Am Unseed ....... 33 V t Am Locomotive ...115 4 Am JUdlater 08 ft 1 1 It FVZU4- 1 07lO 107ft 48 ' 49 94 - 94 -38W 384- 40ft- i 41 44 46 61 61 46ft 47H !4 154 14 7-4 14 54 H 'J4 H 1(4 J4 H V4 1H 54 V 'n H A "n K H 154 H H 2H 2 M 14 H 114 160 101 f itK 29K 6 68H1 105ft 45 K lift 33 ft 113ft ' 86ft 7H 16 56 97 K 37 72 ft 34H. 120ft 139 ft 136ft 100ft 13H 34 SOft 16ft 52 l 18 48 54 114 100H 91 4ft 99 4 31ft 23 19U 25 84 115ft 47 ft 60 ft 46 47 33 ft !! 26 6, 15H- 107(4 46H 118 66 J4- 7H 58H 97 37 73 36 121K M4194 137 . 100ft-13H-. 34- -93 18 .. Am Safety lUzer .. 7H iiazer , . n i. Cem .. 17,ft 58K pf 974 Am snip & com . . Am smelt 7 Am Smelt 3 Am Steel Feundrlaa 37 H .. Am sugar lur .... 73 u .. Am Sumatra 36 9 Am Tel ft Tel 121 H 13 Am' Tobacco. ....... 141 H 12 Am Tobacco B .... 137ft Am Tobacco pf new 100 ft .. Am Waterworks .. 13H . . Am Writ Paper pf. . 34 ft 7 Am Woolen 93 .. Am Ztnc Lead ft 8. 16ft .. Anaconda Copper.. 53 H Ann Arber IB .. Ann Arber pf. 49 H 4 Aue'Dry Goods,... 54 6 Alse Oil 114 6 Atch Tep ft San Fat 01 H 6 Atch Tep ft S F pf 91 ft . . Allan Blr ft Atlantic S 7 Atlantic Coast Line 99 .. Atlantic Fnilt .... 4ft .. Atl Gulf ft W I S S 32 K . . At O ft W I S S pf 23 .. Atlas Tack Cerp... 134 6 Auatln Nlchela; .... 25 7 Austin Nickel pf... 84 7 Baldwin Locemottv116ft .. Baltimore ft Ohie .. 49 H 4 Baltimore ft Ohie pf 60 ft . . Barnett Leather. ... 46 .. Barnadale Class A.. 47 K .. Barnadale Class B.. 33ft . . Batoellaa Mlninar. . . 1ft 49 54 114 101 1 91 5 99 - 4 54 32H 23 -19H- 1 25 84 11674 H 4954 1H 60J4 .. 46 - Ji 47M 1 r 3374 154 .. 74J4 .. 7954 2 27 1ft 6 Bethlehem Steel.... 75 H 173 C Beth Steel B 79ft j. 76ft .. Brit Em Steel 2d pf 27 27 .. Brooklyn Edisen rta 1 ft .. Bktyn Rapid Transit 23ft' 22 ft .. Bkln R T ctfs of dep 21 19ft .. Brklyn Union Qaa.. 96 H 95 8 Burns Bres A. 128 126ft 2 Burns Bres B 39ft 39 .. Butte Copper ft Zlne 7 6ft .. Butta ft SOp -Cep.. 28 27 .. Butterlck Ce 27 27ft .. Cadde Cen OAR.. 13ft 13ft C California Packing. 77 774 .. California Petrelm. 55 55 .. Callahan Zinc ft Ld 6ft 6ft 10 Canadian Pacific. ..142ft 140H .. Case (J I) Plew.... 4ft 4ft .. Central Leather 38ft 37S . . Central Leather pf . . 72 71ft .. Cerro-dO'Patce .... 36ft 36 U 6 Chandler Motew... 76i 74ft 4 Chesapeake ft Ohie. 64 64ft .. Chicago ft Alten... 8H 8ft .. Chicago ft Alten pt. 17ft 17 .. Chi & E III (new).. 23H 22S . . Chi ft E 111 (new) pt 44 ft 43 ft .. Chicago ft Or West. 8H BK .. Chi ft Or West pf.. 22ft 22ft .. Chi Mil & St P.... 29H 27ft . . Chi Mil ft St P pf. . 46H 45ft C Chi ft Northwestern 75 74 7 Chi ft Northwest pf 1 1 1 ft 111ft .. ChlRI ftPac...... 47 454 6-Chl R I ft Fae 9 pf 82 82 7 Chi R I ft Pe 7 pf 95ft 95ft .. Chile Copper 19 18 .. Chlne Copper 28 ft 28 ft . . Clev Cln Chi ft S L 65 65 4 Coca-Cela 55 52ft .. Cole Fuel ft Iren.. 31 31 3 Colerado ft Southern 48 ft 48 ft 6 Celum Gas ft Elec. . 83 82 ft .. Celum GraphOphene 3ft 3ft .. Cel Graphophene pf 14 14 4 Cemput Tab Rec... 73ft 72 .. Consel Cigar 28ft 28ft .. COnsel DIs Ins ft ft J4 23 2074 114 984 2H 128 1 3954 674 28 77 55 6(4 142(4 454 38 H V -76 H 6454- .8(4 17 -23 44H B 46 75 it 54 !i !4 "v 54 '. H V, H 14 !4 2 54 94 H W 154 ' 54 H 74 54 H v, 824 .. 9354 .. 1844 - 14 2854 . 54 65 54(4 2 31 (4 4854- 54 83 54 3(4 .. 14 73(4 1ft 2854- 1!4 74 .. 7 Consolidated Gaa...116ft .. Consel Textiles.... 13 . . Continental Can .... 65 ft 4 Cern Products Ref.103 11354 13H 6454 1024 115! 40 62 K 87 22 54 16 3454 59 K 120 115 25 54 5i 10 770 166 8454 13 214 1454 7914 94 122 1754 167a H 61 h 9854 7354 161 12 82 54 79 J4 93 !i 40K 89 27 H 75 toy. 28 n 1354 79 2 20J4 74 54 77 165J 7H IOC 7 4 405- 3 54 54 39 95 54 108J4 34 K 25 19 8154 1674 74 46 54 66 Ji 1854 29 ?4 69 39 27 54 58 5 46?4 104 31 '4 184 141 11554 13H 65 54 10354 115(4 41 (4 64 87 23 54-1 1654 100 7 Cern Pred Rer pr..ll3 1132 41ft 9000 2'b Cosden ft Ce. Crucible Steel...... 64 7 Crucible Steel pf.. 87 .. Cuban Am Sugar... 234 .. Cuba Cane Sugar. 16ft .. Cuba Cane Sug pt.. 35ft ., Dalsen Chemical.. 61 74 9 Delaware ft Hudsen 120 6 Det Lack ft West.. 115 1 Pome Mines 25'i ,. Duluth Se S & At.. 5 .. Duluth Se S ft At pf 10 10 Eastman Kodak.,.. 770 3554 1(4 61 (4 I- 1 !4 120 - 1 115 25(4 54 5 1(4 10 770 - 5 171 5 84(4 54 1314 J4 22H H 14(4 14 80J4 .. 94 125 2 17H (4 1674- (4 H .. 6354 1 9854- 1(4 73(4 94 161 - i 124 H 82(4 3(4 79(4 - 54 94 .H 40 :,- 14 12 Klee Storage uat...wi 5 Enfllcott-jennson .. cyi .. Erie 1314 .. Erie let pf 22H .. Erie 2d pf 14ii 8 Famous Playera ti. 80 H 8 Famous Players pf. 94 10 Flaher Bedy 12554 .. Flak Rubber 17 .. Freeport Tea 16Ji . . Qaaten Wins & WIb K .. deneral Aephait... 63 J4 G General Asphalt pf. 98H 6 General Cigar 73J4 8 General Electric ..161 .. General Meters.... 12s 6 Gen Meters pf 82 14 6 Oen Meters deb 6 7914 7 Gen Meters deb 7 94 U .. Goedrich B P 40H 7 Goedrich B F Pf . . . 69 .. Urunby Cen M & M 27 . . Granby rights H 7 Great Northern pf . . 75 4, Grtat North Ore ctfs 40 JS .. Greene Cananea Cep 284 . Gulf Mobile & Ner. . 1314 . Gulf Stats Steel.. . 82 H . Hablrshaw El Cable 214 .. Hendea Mfg Ce.... 2014 3 Hemestake Mining. 74 Ji .. Housten Oil 7914 1 Hupp Motorcar 1 6 J .. Hydraulic Steel. . 7i 7 rillneli Central... 107 .. Indian Refining.... 7 bO Indlahema Ret AH .. Inspiration Cea Cep 40 i Interb Cen Cerp... 3ij .. Intcrb Cen Cerp pf 8 .. Int Agrlcul Cerp pf 39 C Int Harvester new. 95S-4 7 int Harv new pf...108T 89 27 4- 75 -40(4 28 X 2(4 20(4- 1 7454 .. 7954 11 I6ir ( 74 1C614- 7 4 " 40 3(4- 8 94 39 - 95(4 10874 f 344 26 19H 200 100 2'a Int Cement 34 1500 'i inter Comb JJnu ... ej 700 .. int aier murine.... ije G Int Mer warine in. 7 . international Nickel 17i C Internat Nickel pf . . 74 . International Paper 46! . C Inter Paper pf stpd 66 JJ 82 94 1 17 54 J4 7494 .. 46!4 . . 66 J4 ?i 19 3154 154 94 . 09 - 54 39 t, 27J. 14 58 5fi JnUnclble oil terp i Iren Products 31 . . Island Oil , U .. jewel Tea pf 69 .. Jenes Bres Tea.... 39 . . Kan City Southern. 27 M 4 Kan City Se pf.... 58 ,. Kansas & Gulf.... 5s .. Kelly-Spg Tlra 48 6 Kelsey Wheel 104 .. Kennccett Copper.. 32 .. Keystone T & II.... 19 6 Kresge 3 S 142 4894 104 - 32 19 142 -I FOREIGN EXCHANGE New Verlt, April 10. With the ex ex ceptlen of llelsiuus, HwUh, linnMi nnd murks, opening llgurcs for feieisn ex change showed snlns ever jeslerdny s final quotatleiiH. QuotatienH were: Hy the end of the first hour the mar ket had developed ntrength nil ai(iunU. Sterling showed a gain "i from yen yen teidey's lln-il; frrncs ware up 2 and llre had gained 3 points. Quotations were: Sterllng cables .-Ts demand I 41: fiane cables 0.30, checks 0.20 ; lire cablej 5.40, cliicU 5,45 ; 'nurba !l4Si Montreal today wan 2 per cent. The dlKeunc en ('nnndlan funds in New' Yerk ns 2 5-10 per cent. YESJT13JU)AV8 CU)SINU QUOTATIONS Starling rmncs I.Ira Qulldera !rniul Cab,! 4,41 4,41 TODAY'S OPENING QL'OTATIOXH Hlerllns Frann I.Ira ClulUhru Dtrnand Cables 4.41"k BAR Bar silver was The premium en, New Tort fuade In tt Ji(ii an ,4vMC, - ,jli-.a. .. j ' , : "- ' mmmm Mlv. .. Salt Inf alM Inf r,, .STOCK Mli jw .. Lackawanna, U1 1. 5274 200 v.. uteltda Gaa of StL S 100 2 L Rubber Tlrs.i.. 3214 82(4' 3 32 H' 62 f 111(4 I7V4 12H ''49 180(4 3674 80, 22 ' B4H 43 94 4094 894 31(4 6094 27J4 28(4 2K i Uhlih valley.. 4.. i 62(4 300 1900 500 100 10) '3000 400 300 600 200 1200 4700 5000 200 100 200 700 1200 7700 3100 200 24800 7 Lira Locemotlva...1 13 lAeVite Ce,., ....;, 11(4 1 Left Candy '1294 .. ZAIM-Wllea Bbtftutt 49 l LerlllAM Tobacco.. 150 (4 .. Muk Trucks Inc.. 39 7 Mask Trucks 1 pf.. 80(4 7 Mack True 2 pf ; . . 74 7 MeIntjrr;new..,...rlS(4 .. Mallmien ft Ce 22 4 ManhatUn Elee Sup B7ft 7 Manhat Eiev Guar. . 46 2 Manhat Shirt 41 M .. Market 8t Rwy. ... ,9(4 . . Market St Rwy pf.'. 41 (4 Mar 8t Ryrpr pf.. 61 .. Martin-Oil .',...;.:. 28- 2 M4Min Parry... i.. 29 .. Max .Moter elaaa A Mti 65 . . Mix Moter Class B. ISft '' 16K May Dent Stores. 1 11054 lis is Mexican Petroleum 133 (4 120 700 9 Miami ramu. er.'..;.. 2tHt 29 116001.90 Mlilill. mTtlm mates Cerp. is 1494 34 11 13ft 36 23(4 57 J4 71 19(4 31 4174 36(4 92 110 lift 5(4 16ft 73 67(4 9094 31(4 27 V 4800 Mldval Mel.' 3BU 500 1800 100 2000 3300 100 800 300 100 100 1200 2100 100 000 8900 2300 200 100 4500 . Minn St Leuis.... 11(4 . Me Kan & Tex.(wl) 14 Ji . MeKan ft T (wlV pf 36 . Missouri Pacific... 24)4 . .Me' Paclfie pfr.'. . . . 5894 3 Mentana Power.'.:. 71 . Montgomery "Ward. 19(4 Mullins Bedy v, 3294 .. Nat Cleak ft Sult.i. 41ft .. Nat com ft caws,. 394 . Nat En ft Stamp'.. 37 National LMd....'. 93(4 7 Natlenat Lead pf..110 . Nat RRef M latpf 1294 .. NntR Ref M 2d of 6(4 . . Nv con Copper 1. 1794 NT Air Brake1..-.. 73 N O Tex ft Mx. .'.'. 67(4 B Vttr Twl l-l.al Ql li iu a jvew TerB; nook.... 314 700 a Vew. Yerk Ont W 2D 23900 1100 600 200 3000 100 .500 3200 100 1100 100 100 1800 20300 100 9100 4100 1200 200 100 6700 5800 200 1700 300 200 400 100 1500 1000 2200 100 100 3200 400 100 100 400 2800 2200 tee 5000 .. New Yerk N H ft II 23(4 7 Norfolk ft Western 105 (4 J North American.... 37(4 3 North American pf., 42 J4 5 Northern Pacific... 7754 ,. Neva Scotia S ft C. 3094 . Ohie Bedy ft Blewer 1 3 . Okla Prei ft Ref... 294 . Orpheum Circuit... 18(4 . Otis Steel 15 . Otis Steel pf 65 6 Otis Elevator pf . . . . 95 2 Owens Bett Mach.. 3674 . Paclfie Devel Cerp. 12 54 E Paclfie Oas ft Else. 70 8 Pacific Oil ,. 3894 6 Pan-Amer Petrel.. 64f4 6 Pan-Amer B 58 . Panhandle 7(4 . Parish ft Bingham. 1494 2 Pennsylvania RR.. 42(4 . Penn Se&b' 'Steal. . . 10(4 E Peeples Oas Chicago 84 . Pere Marquette.... 2994 E Pere Marquette pf. 65(4 S Pers Marq prier pf 75 2 Phillips Pet 3794 7 Phillips-Jenes pf... 93(4 . Plerce-Arrew Moter 2214 . Plerce-Arrew Met pf 4554 . Pierce Oil :... 994 8 Pierce Oil pf 534 E Pitta Ceal 599 . Pitts ft West Va.. 3374 E Peatum Cereal .... 6614 8 Pcatum Cereal pf. ..103(4 . Pressed Steel Car.. 78 . Producers Refiners. 29(4 Pub Service of N J 87(4 S Pullman 124 . Punta Alegre Sugar 3874 2 Pure Oil 3494 22(4 10494 5694 4254 76(4 3094 1274 294 18(4 14J4 65 95 35 1094 70 57(4 63 94 5614 7(4 14ft 41 1094 84 2914 65(4 75 37 ft 93 V4 21J4 45 994 5314 59 94 32 6594 105(4 78 29 86 123 3874 33 ft 100 25 1694 7694 3294 3214 1 54 81 7 1854 4594 11154 6174 1494 29(4 3054 44 94 454 2114 394 894 12 94 74 9 4694 30 4 424 71 "4 89 7a 2414 55 103 177 11414 4194 53 117 109 594 574 36 3 11(4 4574 42 3374 28(4 2114 68 29 4214 11(4 49 20 13814 744 10454 33 (4 4554 141 1694 31 484 24 394 BJ4 C3U 6394 103 28 97 9s 118 654 1654 41(4 94 33 74 49 1194 994 3214 20J. 13(4 1094 19(4 22 61 97(4 61' 9J4 21 45 J4 10 !4 15 8 38 54 42j 51 9054 874 4 200 8 Railway Steel Spg.lOO 2J03.41 Rand Mines 25 400 .. Ray Cen Copper 16(4 2300 4 Reading 77 54 ,100 .. Remington Typewrit 3294 300 .. Replogle Steel 32(4 ,2200 .. Replogle Steel rts.. 114 3100 .. Repub Iren ft Steel. 56(4 100 .. Rep iron A Steel pt 81 200 . . Republic Meters 7 100 ., Relsft Ce 1654 5600 .. Reynolds Tobacco B 464 200 7 Reynolds Tobacco nf 1 1 1 V, 115006.20 Royal Dutch N Y. 63 1494 2994 3194 4554 414 2154 394 894 13 75 9 4674 32 43 7154 91(4 25 100 1 St Jeseph Lead 600 . . st Leuis Sin Fran. . 1900 .. St L 8W 600 .. St L Southwest pf. 500 . . Santa Cecelia Sugar 100 .. Savage Arms 400 .. Saxen Moter 100 . . Seaboard Air Line. . 300 .. Seab Air Line pf.. 1700 .. Stars-Roebuck .... 100 .. Shattuck Ariz Cerp 4OO31.-4 Shell TransDert 3(4 !4 94 54 54 94 1(4 43100 800 100 6400 2700 600 3000 500 100 2200 2300 43390 100 300 200 300 100 1300 10200 800 1500 900 100 1300 1000 930 7100 200 1300 6200 900 100 Sinclair Oil. . . Sleas-Sheffleld . . . 7 Slees-Sheffield pf. 6 Southern Pacific. . . . Southern Rail.... .. Southern Rail nf. 4 (4 .6 4 Standard Oil of Ca110694 6 Standard Oil of N J 178 7 Stand Oil of N J pt11454 2 Stewart Warner Spd 4254 . . Stromberg Carb.... 55(4 7 Studcbaker 1 20J4 7 Studebaker pr 109 . . Sub Beat Cerp 6 .. Superior OH Cerp.. 6 . . Superior Steel 36 54 . . Sweets Ce of Amer. 394 . . Tenn Cep ft Chem. . 11 94 3 Texas Ce 4714 . . Tex Gulf ft Sulp.. 42(4 . . Texas ft Pacific... 34(4 1 Texas ft Pae C ft O 28 Third Ave 21 U 6 Tobacco Products., 6994 .. T StLft W ctfsB.. 3094 .. TStL&Wpf cfaB... 44 .. Trans-Cen Oil 12 2 Twin City R T. . . . 49 .. Union Oil 2094 10 Union Pacific 1394 4 Union Paclfie pf . . . . 7474 7 Union Tank Car pf104)4 .. United Alley Steel.. 34 1300 100 zy. United Drug 1st pt. 45(4 100 8 United Fruit 141 1030 .. United Rwy Invest. . 17 400 . . Unit Rwy Invest pf . 32 1630 6 United Retail Stere 49 54 1003 .. U S C I P ft Fdy.. C5(4 3700 ..US Feed Products 414 9030 .. U S Ind Alcohol... 4974 400 ..US Realty & Imp. L4 3300 .. U 8 Rubber t5 800 HIS Rubber 1st pf . . 1 03 5.4 100 ..US Smelt & Ref... 38 53000 BUS Steel 99J4 600 " 7 U S Steel pf 118 800 2 Utah Copper C614 200 .. Utah Sce 16 J4 3200 .. Vanadium Cerp.. . 43 100 7 Van Raalte 1st pf . . 94 100 .. Va-Car chemical... 33J4 100 6 Va Iren Ceal ft CeU 49 3e00 .. Vlvadeu lnc 13 1000 .. Wabash 10 5103 .. Wabash pf A 3354 600 .. Wabash pf I) 21 200 1 Weber ft Hcllbrener 139a 800 .. Western Mar) land. 11 U 200 .. W Maryland 2d pf. 1994 100 ,. Western Pacific... . 22 100 6 Western Paclfie pf. . 61 100 7 Western Union Ttl. 97(4 3103 4 Westing V & M..,. 62 900 .. Wheeling & L E. .. . 10 100 .. Wheeling & L E pf 21 3300 4 Whlte Moter 47 54 2100 .. Whlte Oil Cerp.... 1054 200 .. White Oil rts i4 700 .. Wick Ppene St Cerp 1554 3100 .. Willys-Overland ... B54 100 .. Willys-Overland pf. 5854 V, 94 194 194 V iuj .. wiiaen & le 200 4 Workington Pump. 4254 1 90(J 8J4 100 7 worm rump pf A. 100 .25 Wright Aeronautical MONEY-LENDING RATE8 NKW 10KK Meney en call, both ri... I of (ellatara! tFHllS' " lur icnuins an PIIII.AI KM1IIA Call. 5 pci cnt; lima, .p"V cnt' lypmrrelal l'aper, three te alx ii'entlis. i te 6 per cent ' LONDON- Meney. 4'J Pr ennl, Discount ratts, thett bills and three months' bills, at, ' U:'t psr cent. Trade Quet en Paris Bourse I'erU, Anrll H.'rraUlrw was fiuleter oft II11 miursa lansv. Three tier nt rt 'i OS1) r. 4.', S7.r. i 0.30 5,IS't 31. Ba 0 7 n,4nli 87.01 I.41H 11, El C.41 37 ll SILVER l-Itn 1S8 f.Hms 25 Fix f.Mim 3 tvntlmesi cxrhmik- ... .1 m .t a . : u uuii 1 atren IU XeRdea today n":tiimTiBSitr'raiXif'il,fwUinnn. ,Edwnr of 244.4. -'N. . tHt at XO fraltesJirsstiaws, 'V -. ii. T '',: '"'nlwjkj If1' IMIfl snPs srfr 1 '-;t n '.HlifL afaLlfilv yV rnibEmufLmcni. IN LOCALS ffflXED 1:M Met P.M. CM. 8294- .54 63 - lift "8 113 1H) 10 T 7 1294 H 4 v 4- 1 (4 150(4 (4 392 80(4 H 74 18W-' M 22 (4 57 -1 45(4?1 41 94 1J4 4 W 41(4 .. 61 ' .. 28 (4 29ft 1(4 66(4 1 1094 1(4 116(4 .. 133 3(4 ,29 IS (4 35(4 1(4 lift- 94 14(4 (4 General Slewing Down of Trad- Ins; Noticed Throughout v the Entire List Price movement In tbe local .market J "1 . e - ..... 1.'.. J .; was semewnai mere mixea, out ic wide changes occurred , except in the high-priced specialties. There watt, however, a general showing down nil along the line, which was wholly logical in view of tbe rapid pace things have been going for some little time. This wait reflected In the curtailment of deal ings in nearl yeycry section of the list. The tone, however, was still strong, Hnmn nreflt-tnklnr w'aa encountered by American Stores common, causinit a reaction te 1124. or mere than u points under yesterday's top price. There was also a reaction in the Am 36 2494 5894 71 1914 3294 93ft preferred te 140 'A. Offerings in uetn Issues were relatively unall in contrast witn tne recent neaw cuymg nnu con sidering the remarkable elcvalim tin te shares have had in the last four months, the1 offerings were readily and ennllv aViH.irbitrl fectric Storage Battery, benefitting by the recovery movement en the big beard rallied te 170, or nearly 4 points above the bottom quotation rqnda yesterday, t The new stock en a very Small turnover also improved n point te 48 . Pennsylvania Rntlread hiter became oil of tht strenscjt features, 110 .. ' 129 19 6(4 ft 1794 ft 73. -67(4-9114 1 following the forward swing if. t'ie ether 31(4 28 rails and was advanced te -'. micr touching 4iyv in the cnrllcr dealings. Trading in the Philadelphia Electric 2314 194 105(4 4 issues and V. " i was quiet wiiu 574 Yk Heme slight price shading. Union 'mic 'mic teon following P. It. X., reacted y point. Cramns wan tlin feature of the in 4Z14 .. 7714 - 18(4 15 65 95 -3694 11(4 70 94 ft "ft "i.ft 94 94 1. active snares advancing i points from the previous sale te 41), which was n 'belated response te the reccivt Um Um nrevement in the sliiDDlnK shares. 'Shading of Lehigh Velley and Lehigh navigation en odd -let eQcriugs was effected by the coal strlke developments. 58ft 1ft 6494 194 58 114 Philadelphia Stocks 754 1494 4174 1074 84 -29(4 f 65(4 75 37(4 93(4 22(4 T 4514 9K 53(4- 1:1B Net Hlsh Lew I'. M. cliue. 1O0 Alll Insur 2H 2.1 'SI 1 1073 Am 8tr..liaya 112U 113 2 i doistpi.ieu mis mii'i -a 40 Am Oas.. (13 03 (13 .. lOOtB & O... 48T 48 48lVi 150 Elec 8ter.l70. 100A 170.- -2 20 de new.. 43. 43 43--1 30tlslnnd Oil. 1 I I -j- i 40 Lake Sup. 10 10 10 .'. C Leh Nav.. 73 73 73 1 1 lOLch Vel... (12 02 02 JOOfMe Pacific 24 24 24 X 5994 3394 194 i:7:i'fnnaKK 11'i 1- 10 Pennn Halt 74 74 240 Phlla Elec 28 28 203 deprcf.. 20 2!) 66 54 (4 14 . 2S 321 1. 10554 78 124 3874 3494 100 25 1694 7694 94 (4 114 14 ft 94 1111 rnim it t ;:i .vm lOOfTcx & Pnc S4 34 34 H lOOTone Mel. 1 1 1. 185 UnlenTruc 42 41 41- tlW U U 1,.,, fi'U 14 de pref.. 53 17StU S Steel. 01) HWarl&8. 8 CO W Cramp & Hen.. 40 40 Yerk ltwy 2iaj ,..itr.v ,.0, M 1 m 44.. '"78 r3.. en 1 s .. 40 3 8 48 -i-n 21 -y.-- 1 56(4 17a 81 - 54 7 tNet chanse mad by comparlaen with last aale en New Yerk Stock Cxchanca. nuuxDELrniA bend? "iOO Liberty 2d 44s '42. .'. . 1854 4694 1 1 1 (4 63(4 14ft 2994 H 114 ft 94 !4 1(4 no. 02 lnj;2 011.80 100.02 3000 Liberty 3d 4s,,2$... 10000 Liberty 4th 414s '38. . . 3000 Victory 4'C, k '23 3000 Am Gas nnd Elec Os... 84 M 70 100 80 IIS 1)7 li"T 500 Am (ins and Elec "' IeIh 2000 Elec nnd Peeples 4s. . . . 2000 Equitable Gas Cs...... 1000 Kcifetone Tel 1st 5s 10000 Phlla Electric 'lt Cs lets 500 Phlla Electric 1st Os 1000 Phlla Electric 1st 5s.... J1T 45(4 I 414- 94 21 ft 394- 894 124- 75 9 4674 -i 31 94 43 -71(4 91(4 25 5574 1(4 14 14 94 "I 'S 2000 Phlla Electric ft, ...leth 102 H n v !4 1(4 Financial Briefs Mnen Valley Mines Ce. reports for car ended December VA net iucemc of $H,.'i:iO after charges nnd taxcw, ngnliit deficit of $00,005 In 1020. J. William llnrdt, vlc president nnd cnMiicr of the Franklin National IlnnU. who bus been (.erieii3ly ill for wcial weeks, Is cenvnlesclng nt Atlantic Cltj. Tradinx in the common stock of the Gibsen Hewell Company, Inc., Im-t been buspended en the New Yerk curb market until further notice. Atlantic Iobes Oil Company report for year ended December ill net prellt .$081,000 after expenses, depletion, Fed eral tax, etc., ngalnst $1,031,015 'In 1020. Stewart-Warner Speedometer Cor poration for quarter ended March ."1, last, reports net earnings of .$510,418 before Federal taxes, computed with .$50,017 a year age. The nverntc price of the twenty nc tivc industrial stocks declined 1.00 pin cent )esterdny te 01.15. while the twen t.v railroads declined 0.02 per cent te 83.85. The Federal Hcrve Hunk of New Yerk announced thut it would conform te daylight having May 1 te .Septem ber 23, thin applylnie te New Yerk and alRe te Uuffole, where theie is. a branch bank. Effingham 15. Menls,- Themas I Witt Cujler, Levi L.. Itun nnd Spencer C. Gllbert llne been nominated by the Stockholders' Committee of the Penn fc.!vnnla Itnilreiid Company te succeed them&ches ns directors of tln ceinpnuy The election will be held Aptll 25. Anierli'iui Hide and Leather will lssm Its report for the fust quarter within the next two weeks. 11 W cstimntcd it will show 11 profit between !j50U0 nnd S10.000, (empaieil with S20U,()0() in the labt quarter of 1021 nuil it less n tlt. lirht quill tcr of hiht ear of $1,210, (KM), which Included liuenterj w rile-off ei $1150,000. Southern Hnllwnys centliiueh slcady improvement in freight earnings, litc-Ii during March ncttmll inne.iscd (IU.( 1021. Iteduceil transportation costs 111 e lurgely lespenslblf. Jnnuury nnd Feb. uinry epeintlng inremii was $2,li:i(l,. 000 better than In these months of 11121 Of this $2,00-1,000 repietentcd decrease in transportation costs, Northwest fnrinert- uie liencfiting te the extent of $00,101,000 in leans made by the Seventh District Fedeial Fnuu Land Haul; of St. Paul. The Mim-h statement of President Qiiaiiimu te the Federal Farm Lenn Heard at Washing ten lists 18,237 faun nmttgnge leans In ferce in Minnesota, Neith Dukota(Wls Duketa(Wls Dukota(Wls cenBin and Michigan. Frem u' total of $55,032,100 en January I, the leans In this district increased $5,132,000 in the first quarter. Total January 1. 1021, was $47,3tf0,:i00. ' ' In the Inteiest of the Waterloo, Cedar Kalis and Northern Hallway Ceuipunr list mortgage sinking fund 5 per cent bends', due .hwiimrj I. 1010, in default en the January, 1022. Intcrcit, Ihu following mimed pmleulhe coniinlitee has been fanned, with power te net M. At Bcvltt. Tnmb & f0 n,.' (Age, Jllh ArthiiWV. Morten, vice J.ies Ident of (lie Pcnniylvanla Company for V2 94 106(4 354 178 ft 114ft .. 42 - 14 5554 294 "974 2ft 109 6 14 6 54 36 394 .. 1194- 14 47(4 154 4254 ft 3414 1 281 Ti it 94 1H 74 94 "V Vi 74 94 'ft 94 "ft 54 H 194 ft H4 74 194 Vt ft 1 7a "94 ft 194 1 21 54 6994 3094 43ft 114 49 -2094 13994 7474 104ft 34 4514- 141 . 9(4 35H 40 94 6374 6594 103 -38 - 118 6614 1 1694 43544 94 -337S- 49 .-., 1294 3 10 i it 3354 74 21 .. 13(4 . 1 1 W F ft 6i ;; 97(4 61 94 r 10 - 21 -47(4 10(4 14 15(4 (4 3854 -90(4 074 ft 14 ft (4 194 ft "94 ft 1 av" '' nt en l.e.i. .....: iv:: t,"',i ,..irr. . ',' Philadelphia, Pit. - "'',' fiH- 1 v, "&krAimu.$ " 'L . r 'r vji" 2 Ji ..BBBBV T. .it, f VJH Ea35 nsB THE METHOD OF COINAGE at the Greek Mint in the Isle'3f Aegina was of the very crudest description. The' die of the obverse was preparet j, en which some emblem, usually of a sacred nature, was engraved and en this the exact .weight, nearly i; . oblate sphere-shape, was placed and hammered into h the impression. ' , ' The modem American custom of placing the ini- y tial of the name of the Mint. at which the 'coins . are made was copied from the Greeks of this tarly ; period. ( 1 , " 'v The ceinage of the Greeks, was .afterward- devel- r eped te, a marvelous degree and nothing has yet exceeded the beauty of these' coins even in this age, but in ether respects we 'have far eutrtin the methods of their banking system. k ' New you may send your deposits by mail, with the ' slightest effort en your part, if ,you use the method ' we have, nnd then' our location is, such that If you desire te attend te your business personally you will find it most convenient, for we ate '-, In the Center of Things y TltivcL Varienal SanJt Organiied 1863 Opposite Bread Street Station M O O D Y The Story of Twe Wills Three years age, one of our clients died, leaving about $200,000 te his widow.' But he named a strong trust company as executer with instructions that the money be kept continuously invested in bends rated "Aaa" by Meedy's Rating Boek Service. i Twe years age, another of our clients died, leaving, about $1003000; but he appointed aij'VinexperiiinccdJ'quth as executer, and ; left no instructions, regarding the invest- j , Inent of the money. " j In the latter case, the geed investments were promptly sold and within a year most i of the money was lest in crude speculations. , Today, the widow is being supported by her relatives. In the former case, the widow is enjoying a sure income of about $12,000 a year, and -; the value of the c.ital e has appreciated ever ' 15 as a result of the recent; appreciation ' in the high'grade bend market. I Meral: Put Meedy's rating require- i ments in your will te protect your heirs. R A T I' N' G S E R V I C E P R O T E C T S Y O U Moodys Investors Service 35 Nassau Street, New Yerk City BOSTON 101 Milk Street PHILADELPHIA Rtil ErUts Truit Dldf UNUSUAL We own and offer A 20-Year Nen-Callable Bend , Te yield nearly 6. Penna. State Tax Refunded Secured by a First Mertgage. Bended Debt only 25'e of appraiied valu j Circular en Application ARTHUR PERRY & CO. r lN 1 9 ! .. .... rroviaence urexci nuuaing, Philadelphia Bo.ten "COAL MEN, ATTENTION!" FOR SALE Cenipletfl (Iredgliif; equipment new In operation upon ene et tlie best wltea ulenff the Slmmekln Creek, eer i500 fret uf creek frentuBe, eciulppetl with nil neces. Biiry machinery, pumps, uwltcli conncctlenn nnd bank trncl.B fbr mevliiR' equipment up or down Itrcam and operated bv eleelrle I current, together with envernl i hundred tops of com jiew en bank nnd reuily for shipment. , A larne tennagu can be re I claimed dally. ( Wrlte or wlre I E. E. TOMSON CO Neff Hetel j Sunbury, Penna. jTert, :(icon aV8 3nrfyrat u.c0r.5!i!"M.0'- 'rl'"!M Enlnear. I III Emm CfM tt CHICAGO Fir.t Nsecail Bisk B1U- ) (Jil Spruce 8200 ' h1 ! A Natien.Wide Market t f Liberty Bends Victory-Notes Treasury Certificates ' hKCHHITIKS DKrAUTJIKNT COMMERCIAL TRUST COMPANY) Jlember Krdcral Krarrir Hyl' , City Hall Square Wcit, AtfCewhfrCflll ., m '';' i jLana . I km ?pi i MMikm tMla. UttUk IttduwM At t. VW.i U- K I W JliLt'n Sif S.kv SS. '3fc H'.iWJ.A'.ih v. I J -V-l JW 'IJ? .VJI.jV ' )U1 VIA. .VffK .'.Hi rtjff . .JW3 W i ,V:SAd t S.lf-ii ?I lf3tJ tPA -MMltili ft
Significant historical Pennsylvania newspapers