lt
f
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EVENING
'.vjiLKwrm: .v.?.?v .
gflra&t fK.ABiregWft .- -3 &
C ; 0U631Wl5lFWEpJ
!
IV&'I
lHY STOCKS PASS
TOPS
BT T'?I
KfrijL nncifiniip
If liiL r IilVIUUu
f-mn i "
MJf.
tf
After Recent .Violent Trading
Market Seems Entitled
te a Rest
5
amy
LS
NEW Y6FC STOCK EXCHANGE TRANSACTIONS .,-
&
i
w
fc," .
rr'
K:
i-
.
t&;
,k
E'i .
B'
"V
4
vKew Yerk, April 22. Today's buoy
at stock market made a lilting cn
BMUt te the week's remnrknblfi specu specu
Ittlre demonstrations. Trading con
tinued bread and active, with quite a
amber of the itcthc issues bettering
their previous tops of the year. The
market Yni called upon te digest an
Iramense volume of profit-taking sales,
Influenced partly by the usual week-end
erenlng-up operations rind nlse pertly
because of the uncertainty of the effect
of the speech of the Comptroller of the
Currency ntlmnnishlng" check of the
Wide speculative frier. Sttidcbakcr wag
once tnerfr an euNtandins feature, but
the" fctcel slmres ale demundrd special
attention bernii of the persistent buy
ing induced by report of an ently con
summation of the merger of the large
Independent cencern1'. There were,
however, numerous ether ImllMi demon
.rations throughout th industrial
quarter. The railroads stilt occupied a
secondary position.
-yuBHc jitllltic. especially the local
Issues, wire nciiln the dominant fea-
turcsjef the bend market. Interboreugh
llaptd VtiuihU 5 rose 2 teints. Third
Avemu-AUjiisf,uH'ut Cs, X'h i ntttbor ntttber ntttbor
eugh Consolidated. 4 t"dntS',llud-)n
nnd 'Muuhattun Icciuncufis and. New
Yprk, Westchester and Jlosten , ,4, 1
point each.
Nnv Haven Ot and Southern Hallway
Bs'Vrcre' htreiiBT't of tire rll. many of
which were better by lurge. fractions te
1 points. Liberty issuer shorted no
material change freiii yesterday? firm
ness, but the foreign ireup, especially
Mexican 5s f ISclgimi iaHand Chinese
Itailwiiv Os rote from kuiawtrocUeris te
1 point. 'tThc-enly ltwic te show marked
Heaviness wns 'iitggett k iuyers os
Wch fell U points.
After te- nltae!j unlntrrrtrptcd nil
vnnw of nearly eljht. menjhs, and es
pecially nfu'V tho'vie cn performance of
the Inst Xertnlght wtfti the lUtefnoou lUtefneou lUtefnoeu
sccutire jnlllieniMturO il ays, -it lie "market
seeriilnglv vqulcl be entitled te some
rest.. VhcrvRr It will geriFnr net de
pends largely upon two conditions. First
upon the humor of the speculative
public, which, nftcr a prolonged pe
riod of indifference hn once mere been
attracted te the Hpreulntlve, arena by
rapidly multiplying numbers." The ether
Is the extent of distribution the peels
and ether tpecul.itlve combinations have
been able te make.
It is evident, however, the construc
tive Terres have net let their control ;
rather te the mntrnrj . sunitfndlng con
dition.! served te strengthen their po
sition. There is apparently no let-up '
in the bulng power as indicated in the ,
almost Insatiable demand for new in- ,
vestment iues, the overflow of which
Is distinctly traceable te the active buy
ing of higher grade stocks. The abun
dant supply of money for stock market
purposes also affords the bull interests
a powerful lever. Yet these who make
a closer study of the market situation
lean te the belief that much of the Im
provement, especially in the Industrial
outlook has been discounted. Tbey
peitit out that se far as general busi
ness and mercantile affairs are con
cerned thec are marking time. Pro
duction in many lines of manufacture
are steadily reaching upward, but the
- margin of profit is extremely small. In
Other words, it is their argument thu
whole situation is in a position where
uncertainty is beginning te develop ns
te further trade eipunsien in the im
mediate future. Accordingly, further
ceramltincutb should be carefully con
sidered pending definite indications as I
te which way the curve of Industry shall ,
incline trem its present stage.
As I' usually experienced in all ma
jor market swings, relatively slight as
sociation is te be established between
the happenings in the outside world and
the day-te-day movements. They may
temporarily disturb the fast-running '
currents as the hand would If placed li
a flowing brook, but the' momentary
Interruptions are quickly overcome by
the momentum of the speculative forces,
which n btrengly exemplified during
the Inn week In the comparative in
difference paid re both domestic and ,
foreign developments, which en the sur
face appeared te contain disturbing
possibilities; Ne accurate measure
ments can be made of the duration of
,the6e influences within the market It- '
self, but it is well te remember the long
talked of reactions de net efen come
when every one expects und Is prepured
for them, but rather occur when they ,
tec least expected. I
-3 I
, NEW YORK COFFEE MARKET '
New Yerk. April 22, The local coffee
futures market opened 2 te 12 points
lower this morning en liquidation, pre- ,
sure being mostly in the near month.
Owini- te the helidav In ruzl, there
were no cables, and the local trade wns
la the dark as te developments at prim- I
ary points.
la
Dlr.
Balea in t
1200 ..
200
tee
1100
800
900
400O
tee
600
100
700
900
, 100
4200
200
300
100
300
400
600
500
300
300
400
500
4100
700
800
3500
030
200
3300
100
1800
tee
200
100
3100
1900
1800
1200
100
5900
GOO
4700
400
500
300
2400
100
STOCK tti
Advance Itumely .. 194
8 Ad vane numcly pf. 49 Je
4, Air Reduction .... 53
. . Ajax Rubber 17 K
.. Alaska Geld Mines. 4
i 4 Allied Chem ft Dye. 67 Ji
4 AMIs-Chalmcrs .... 52
7 Atlls-Chnlmcrs pf. . 99
Am Agrlc Chem .. 40 $4
.. Am Agrlc Chem pt. b'Ji
-. Am Bepeh Magneto. 46
Am D Shoe Fdy new G3J4
Am 13 She K pf new!03H
Am Can 49 Ji
JvAm Can pf 105K
Am Car A Fdy 162?
" Am Car ft Fdy pf..117
: Am h,cle 12?
Am ExnreM 14314
Am Hide & Leather 1 6 Ji
Am Hide ft Leath pf 70
Am lee .......... .109Vi
Am Tnternat Cor. . 461i
Am-I.a France Eng 12)4
Am Linseed 34'
Am Locomotive ...H7H
90Ji
e
Am RadlAter
Am Ksfetv RAter .. 7Ji
Am Ship ft Cem . 18H
Am Smelt SDH
7 Am Smelt pf 97H
S Am Steel Foundries 40
12 Am Snuff 134J5
.. Am Surar Ref .... 76H
7 Am Smrer Ref pt.. 99H
.. Am Sumatra 35H
.. Am Sumatra Teb pf 64i
Am Tel & Tel 124
32 Am Tobacco 140
12 Am Tobacco B ...,126Ji
7 Am Woolen 93H
.. Am Writ Paper pf. . 34 ji
.. Am Jilne Land ft S. 19Ji
.. Am Zlne Ld ft S pr. 44 H
.. Anicenda Copper.. 54
.. Ann Arber 19
.. Ann Arber pf 50
4 Asse Dry Goods.... 54 X
e Atcn Tep ft San Feiei H
.5 Atch Ten ft S F Dt 91 Vi
'?$? At'n Blr ft Atlantic 4
Mar ....
July . . . .
heptemtwr
December ,
Pr-v. Cte
. 10 2fti9,l0
. JO 00
. .7ase
V 70
Opn '
le.lS
10 00
6.73
0.70,
K
E
pl
Spruce 8200
United States
Government
Securities
SKCTKITIKS IIErABTMKNT
COMMERCIAL
TRUST COMPANY
ilrmbtr FeUrrHl Itrtrrte Sitrn
City Hall Square West
DIRECTOR
w
3Vnt lntirctins nianuUcturlnc Inflmtry
Hth treinenJ'5U future, ne'j srewlntf ht
imeld rate, iulrrn one iWUIoeil suceclnu
Director. urefersVily prerrr'Hv business
SIVrTj HCtlVn rartlfll'iltlen new or later. Norn Nern
jRl inviitment. up te J50UO, w'll yield thl.
- v . & ..... iiii awu ami nrnn i eutiii nvpri
Ji'nilr ' - -.... .. . - .
VUnVMIHI MfVtHM
-Jv 7 aJneunt "Hei mireaaeu
h &Lit 5ppeI ten teU 1 con
W..me furnlsh?.l en yte t
r'markabl" enter-
vlZ-iJ.t atfee furnUhe.t enl- te iipen;lble Intereela.
P''i,WO"i5IBlrlct lnveilitattnn e1cerni"i
4 . . - -
200
4600 '
.2800
'700
5500
200
6430
100
. '300
3000'
400
" 7400
400
200-"
4100
300
100
100G00
4100
1900
900
200
100
1700
100
r tOO
1100
1203
6300
400
4UQ
310
3 DO
11200
00
100
900 ..
700 ..
11C0 (
1100 4
200 ..
200 ..
10500 ..
1800 ..
800 ..
700 ..
2000 . .
2500 ..
600 6
, 3600 . .
1 300 6
600 7
100 ..
400 ..
5100 ..
700 ..
100 ..
7500 4
800 ..
300 1
5300 6
3700 ..
700 ..
1300 4
100 ..
1500 7
14500 ..
100 ..
1900 4
200 7
4100 "la
1400 ..
103 7
1301 ..
2200 ..
400 ..
2000 . .
100 9
100 6
200 1
300 ..
100
300
1100
700,
100
1300
2100
100
1700
100
600
100
100
5800
800
200
1030
2200
100
500
100
7303
30Q
tee
200
,200
2200
400
830
600
300
800
800
2I0J
100
100
?.0O
700
100
45 JO
4)0
1103
300
12 JO
11 iO
GOO
100
900
BOJ
11300
800
200
1100
tee
3000
700
100
2300
1500
300
900
2603
300
200
2800
7 Atlantic Coast LlneK2Vi
.. Atlantic Fruit .... 4J
..'"AU. Gulf ft W I S S 34
. AtlAa Tacit Cerp... 19
Austin Nichols.... 26H
7 Auittn Nickel pf . . . 83
7vBaldwln LocemotlvellO
"ijaldwm Loce pt. ..112
... vtepllm Mlnlnc. 1 'i
.., Baltimore ft Ohie .. 49
..' Barnett Leather. ... 52
.. 'Barnsdale Class A..u95'2
.. Bnrnsdsls Class B.p 36Ji
6 Bethlehem Steel. ... '76
8 Beth Steel B........ 79 ?i
7 Beth Steel ". pt..T00
8 Beth Steel pf..l13
. . Broeklvn Kdlsen rts 1 Ji
.. Bklyn Rapid Transit 23 i
.. Bkln R T ctfs of dep 20 U
.. Brklyn Union Qa..103?i
;. Brit Km Stesl 12
.. Brown Shee 48!4
S Burns Bres A 132U
J Burns Bres B 41
7 Burns Bres pf 98H
7 Bush Term Bids; pf 93 ?i
.. Butte Copper A Zinc 7'i
. . Butte ft Sup Cep. . 31 ?
. . Butterlck Ce 28
.. Cadde Cen O ft R.. 13J4
( California Fnclsin. 77 )
.. California Petrelm. 16
.. Callahan Zinc A Ld 7!j
10 Canadian Pacific. ..144
,. Carsen Hill Mining;. 13
.. Central Leather.... 38 Ji
. . Cerro-Je-Pnace .... 37 U
(Chandler Meters... 76 Ji
4 Chesapeake ft Ohie. 65 U
.. Chlcatre ft Alten... 9 Ji
.. Chicago ft Alten pt. 18Ji
.. Chi ft E 111 (new).. 29H
.. Chi ft E 111 (new) pt 49 H
It
Chlcare ft Or West. 8 y.
CM ft Or West pt.. 22
Chi Mil ft St P.... 28H
Chi Mil ft St P pf. . 46i
Chi ft Northwestern 76 !
Chi RU Pac 47 Ji
Chi RI ft Tac 0 pf 63
Chi R I ft Pac 7 pf 95J
Chi St P M ft O 64(i
Chi St P M A O pf 95
Chile Copper 19 H
Chlne Copper 29
Cluett-Peabody .... 53
Coca-Cela 58 K
Cole Fuel ft Wen.. 32
Colerado A Southern 52
Celum Gas ft Elec. . 66
Celum Graphophene 4
Cel Graphophene pf 16J
Cemput Tab Re... 77
Consel Clsrar pf.... 61
Consolidated aaa...H7i
Consel Textiles.... 14'
Continental Can.... 66
Cern Products Ref. 103JJ
Cem Pred lUf pf .116i4
Cosden 4s Ce 41 s
Crucible Steel C5
Cruclble Steel pf . . 87 'i
Cuban Am Sugar... 23
Cuba Cane Sug.ir. 16 &
Cuba Cane Sur pf.. C5
Davisen Chemical.. 63 Ji
Delaware ft lludaen122
Del Lack ft West.. 1 16U
Deme Mines 27K
Duluth Se S 4 At.. 5
Duluth Se S ft At pf 9!i
Elec Storag-e Hat...172Ja
Elk Hem Ceal.... 20 Ji
5 Endlcott-Jehnaon . . feG
7 i:ndlcott-Jehnbon pf!10J4
.. IZrle 13t
.. Erie 1st pf 23S4
. . Erle 2d pf 15H
8 Famous Players L. E2K
8 Famous Players pf. 93 b
4 Fed Mln & Smlt pf 40
10 Fisher Bedy K3
8 Fisher Bedy of O pf 96
.. Klsli Rubber 18
.. Fretpert Texas.... 17
,. Oasten Wms A Wig H
6 Uen Am Tank Car. . 63
." General Asphalt. . 64
5 General Asphalt pf.100
6 Omeral Cigar 7G
8 General Electric. ..164
.. General Meters.... 13
6 Gen Meters 6 pf . 79Ji
7 Gn Meters dub 7 94
. . Goedrich B F 41 J,
7 Goedrich B Fpf.... 91
. . Granny rlRhts . . . '4
7 Great Northern pf . 75 ;t
A Grint North Ore ctf 42
f.rrenn Cananea tot) J
.. ouantaname i?urr.
Gulf .Mrblle A Ner
Gulf Meb A Ner pf
'. Gulf State Steel . .
Ilablrshaw l'l Cablu
'3 Hemesulve Mining.
. Housten Oil
Hydraulic Steel
.. Hydraulic Steel
1 Hupp Moteroar.
CO Indiahoma Rf.
Inspiration Ten
2 Interb Cen Cnrp
.. lntcrb Cen Cerp pf
.. Int Agrlcul Cerp pf
! Inter Comb Em: . . .
6 Int Hurvestir new.
7 Int Hnrv new pt.
1?
16 4
i9
C5
2'j
71
79
eji
32
ieji
4U
Cep 41 J,
3i
9'
33 Vt
J6b
97!-i
111
Pf.
. mt Mcr Marine .. tvr
Int Mtr Marine pf. 63 !?
. international Nickel 19i
, International Paper 48
Inter Paper pf utpd 67
. Invlnciblu Oil Cerp 18
. Iowa Central 8
. IiUnd Oil . Ji
. Jeuel Tea 1 1
. Jewel Tea pf 69
, Jenes Bres Tea.... 43
. Kun City Southern. 28
4 Kan City Se pf.... 8
, . Kansas A Gulf.... 5H
. Kell-Hpr Tire 49j.i
8 Kelly-SpgT 8 pf.102!
6 Kelsy Wheel 107
,. Kennecett Copper.. 32 H
.Lew
18Ji
49 H
5
t7U
H
tSVi
50 H
(9
39 Ki
.67 Ji
40
C2J4
103H
;9Ji
tC5K
162 H
117
12H
143
i6
70
10714
45 n
'12W
;s34
89
7 54
isii
97 H
99'A,
134S4'
75H.
99
35H
64 44
123
13914
135H
t35i
341s
18
43 li
t.3
19
49
E4Ji
101
9114
3Ji
102',
414
33
18U
24 H
D5
11B1'4
112
1
'8 lb
51
53
3544
75'
79
100
113
114
73
20 U
103'
12
4814
13114
41 H
98 U
9214
7
3014
2714
1314
77H
,56
7
143K
13
JB',4
7!4
76 4
65
9
IB
26
47 Vi
8
2214
8l
5Ji
76ii
7 14
E2
93 !b
f4fc
94
1914
!3
f6!4
?1
51
M4
3H
16
7714
CI
I16li
13
f5
K'3'.i
116
0
t42
b7'i
J2I4
15
54 3
63
122
116i
27H
4Ji
914
172
19
(514
11014
1314
i2Vt
15H
81 H
3!i
40 J-,
143
fS
ion
16
61
314
100
75J4
164
12 K
79
C4
ee
u
7ES
41 '4
31 I
11H
16
S814
84!i
2!4
73
78 K
8 '
32
ieK
4!i
4114
914
39
:6
I94
111
2014
t2'4
1(li
4814
6'i
1814
8
20 JA
eu
4214
27J4
ion
514
48J4
101 h,
107
32
1H
1
V
Ti
H
14
4
'4
14
JV
z
V
1
14
1
Itt
14
14
t
14
14
"h
H
Vk
1
W
14
s4
1
1
iii
IK
14
"
li
li
H
114
H
4
114!
4I
14.!
2
'a
llai
1 '
14
itt
14
I
K
94
114
H
l
v,
1
14
14
54
!i
?4.
V, 1
Tedsr's Het
Cteis Case.
1954 y
49
85
1714
4
67H
514
99
40
67H
48 -
6314
10394
.'49V4 7
105H
162H'
117 -
12H
143
16J4
70
109 V4
45 J4-
1214
334-
117
9054
7 .
18H
58?i
97H
40
13414 -
76 -
99H-
35H
64 4-
123Ji
140 -
136 -
9314
3414-
1914
44 54
541i
19
4914-54J4-
101
91 14
3J4-
102 54
4 .
33H
85
11854
112
1
8--52
5414
354
76
79H
100
113
t?i J-
2314
2094--
10394
12 -484-
1324
41H
9854 -93H
754
31 4-2714-1314
77H
56 7!-j
143?4
13 -38Ji
-
9
18
284
484
8
2854- 54
45J6- li
76 H
47 H- li
83 14
95 4- 2
19H
2894-
3
58J4
32
52
85J4
4
16 -
77 54
61 -
117
1354-
66
103J4
116',
40 J, -
64;i-j-
G7 14 -
274 16Ji
35 63 H -j-122
-f
1 1 a j4 -r
274
5 1.
914
17214
2054
85 H-
11014 -f
13H
23
15
-404
123 -96
I894
17
63
6414
100
7554-
164
12T4 -7974
94
41 Ji
01
7594
1 Ji
32 . 1
12 -16
3994
73
79
8i
32
1894
414
4191
3H
3914
26 -071',
HI
20
U354
1914
48 94
b7 i
18 94
8 -
tSir.
Bales In $
2600 ..
100
4300
200
200
300
STOCK
RUra
. Keystone T ft R.... 1954
Kreave 0 8 143
. Lackawanna Steal.. 57)4
. Lacled Gas of St L 6614
. Lake Erie ft W pf 3314
9 T. TJtlhK. rrt MU.
222 i fh,,, vntr 2
400 Limn tammnllM. . K
LOSWi Ce.. 18
1 Left Candy 1214
.. Loese-Wlles Biscuit 4994
12 Lerlllard Tobacco.. 149H
7 Louisville ft Neah.. 120
.. Mack Trucks Inc.. 49
7 Mack Trucks' I pf.. 84J4
7 Mack Trucks 2 pf . . . 79
75 Mclntyre nstr 19
.. MalilnsonftCe 2114'
4 Marhattan Elec Sup 67
7 Manhat Elav Guar.. 5094
Manhat Shirt..
.. Market 8t Rwy....
Mar St Ry pr pf..
Mar St Rwy 2d pr. .
.. Martin Rockwell...
. Marlln Oil
2 Martin Parry
.. Math Alkali
.. Max Moter Class A
. . Max Moter Class B.
May Dept Stores.. 11914
7 May Dfcpt Stores pt115
1 Mexican Petroleum 1 35 K
1100
200
tee
600
200
10500
800
600
1200
300
1200
4100
300
200
400
100
100
4800
5400
300
3900
1300
100
100
7200
500
40)4
914
641S
29
16Ti
30
3194
30
6814
2094
2 Mlnml Copper.
eS!51,ae Middle' States'cerD.
3000 ., Mldvale feteel
10500
700
6718
4200
200
1930
300
800
2000
300
1800
300
200
1300
000
500
500
2000
Minn ft St Leuis
Me Kansas ft Texaa
Me Kan A Tex (wl)
Me Kan ft T (wl) pf 3994
29 J4
1594
37 H
13)4
854
1494
M K ft T of lst w 1714
.. Missouri Pacific... "
.. Me Pacific pf Saji
J Mentana Power.... 71 Ji
. Montgomery Ward. 2194
8 Mulllns Bedy 1. 324
. Nat En ft Stamp.. 38
6 National Lead 92 Ji
.. Nat R R of M let pf 1454
.. Nat R Ref M 2d pf ' 6)4
. . Nev Cen Copper... 17Ji
6 New Yerk C & St L 68
8 N Y Chi ft St L 3 pf 7314
5 New Tertt Central. 9214
600 1H New Yerk Deck.... 3594
6 New Yerk Deck pf 60 94
.. New Yerk N II ft H 25)4
2 New Yerk Ont ft W 28
. Norfolk A Southern 20
7 Norfolk & Western 107 94
5 North American.... 6014
3 North American pf. 42 li
6 Northern Paclfle... 7754
.. Neva Scotia S ft C. 31 H
.. Okla Pred ft Ref... 3
i. Orpheum Circuit... 19)4
( Otis Elevator 140
,. Otis Steel 1354
2 Owens Bett Msch.. 37 Vi
, . Paolfle Devel Cerp. 1 1 14
6 Paclfle Gas ft Elec. . 7094
3 Pacific Oil 58 Ji
, . Panhandle 7)4
Pan-Amer Petrel.. 65
6 Pan-Amer B 58
.. Penn Seab Steel... 1094
. . Parish ft Bingham. 14)4
3 Pennsylvania R R. . 42
6 Peeples Gas Chicago 87)4
.. Pere Marquette.... 31
6 Pere Marquctte pf. 679
5 Pern Mara prier pf 76
. . Pierce-Arrew Moter 24 Vi
, . Plerce-Arrew Met pf 4794
700
23800
200
200
1300
6300
200
100
1000
12000 ..
400 ..
500 (
1700 ..
1000 2
3400 . .
1100 6
3000 3
100 ..
2500
100 6
4200 ..
400 ..
1900 3
300 6
1900 ..
600 6
100 5
9100 ..
1700 ..
400 2
10700 ..
300 8
2333 B
4800 ..
3700 1J,4
2,
1941
54
Va
54 '
f
'iri
It!
54'
54
1200
300
800
100
1800
1700
5300
500
1600
200
100
600
900
300
2300
3100
5100
1400
1000
2300
200
Phillips Pet 3894
Pierce Oil 994
Pleroe Oil pf 54
Pitts Ceal 6194
Pitts ft West Va.. 25
Fend Creek Ceal... 20
Pestum Cereal .... 71 94
t Pcstum Cereal pf... 10894
. Pressed Steel Car.. B394
7 Pressed Steel Cor pf 97
. Producers Refiners. 31
6 Pub Servlce of N J 90)4
8 Pullman 1 29
. Punta Alegrs Sugar 40
2 Pure Oil 34
8 Pure Oil pf 10294
8 Railway Steel Spr. 10314
. Ray Cen Copper.... 1694
4 Rendlnt; 78
. Remington Typewrit 3214
, . Re'plegle Steel 33 Ji
. Replr-jle Steel rts.. 154
,. Repub Iren ft Steel. 5854
. Rep Iren A Steel pf 8314
. Republic Meters... . 794
. Reynolds Tobacco B 47 Ji
7 Reynolds Tobacco pf 112)4
64
Si Jesenh Lead.... 144
St Leulr San Fran. . 30J4
St L 8en Fran pf sz
li
15i
!i
H
14
I W
14 i
74
14
94
1
"h
141
294
114
!i
"v,
H
i
- 1
A
154
2!4
h
-e;i
69
43V4
27 94
5394 ,
514
49 101 J4
107
32 54
li
H
i li
!
'li
14
12006.20 Royal Dutch N Y.
200
1400
200 ..
800 ..
500 ..
100 ..
900 ..
800 ..
500 ..
300 ..
400 3H
9900 . .
700 ..
100 .
2400 6
3200 . .
1800 ..
2200 4
300 6
200 7
400 7
500 9
200 ..
17300 7
100 7
1 400
500 ..
200 ..
600 ..
1 1 00
3600 3
1 1 00
1100 ..
1700 1
5100 ..
1200
200 ..
200 ..
2300
200
3900
1200
100
200
100
100
500
300
4500
1000
100
200
300
1600
1100
1030
200
1500
15700
200 7
1200 3
1 1 00
100 ..
100 6
2400 . .
10700 ..
4900 ..
700 1
100 S
1200 ..
600 ..
900 ..
100
300 7
100 4
1100 4
300 ..
800 ..
1300 4
100 ..
1 400
1700 ..
200 ..
600 ..
me ..
400 8
600 4
St L S W 3254
St L Southwest pf. 47)4
Santa Cecelia Sugar 5
Seab Air Line pf.. 12 Ji
Sears-Roebuck .... 764
Seneca Cep Cerp... 14
Shattuek Aria Cerp 99
Shll Transport.... 47
Sinclair Oil 33 U
Sless-Sheffleld 4454
Se Pette Rice Sugar 4894
Southern Pacific... 91 9
Southern Rail 25)4
Southern Rail pf. .. 58
Standard Oil of Cal108)4
Standard Oil of N J179)4
Stand Oil of N J Pf 1144
Steel Tube pf 84
Stewart Warner Spd 4094
Strembenr Carb.... 5694
Studebaker 124)4
Studebaker pr 109
Sub Beat Cerp 654
.. Superior Oil Cerp.. 5Ja
.. Superior Steel 37
.. Sweets Ce of Amsr. 3J4
.. Tenn Cep ft Cliem.. 1214
3 Texas Ce, 46)4
.. Tex Gulf & Sulp.. 42 94
.. Texas ft Paclfle.... 3594
1 Texas ft Pac C ft O 2BJ4
.. Third Ave 2J14
6 Tobacco Products.. 6994
.. T St L ft W ctfs B.. 32 54
.. TStLAWpf cfsB... 44J4
.. Trans-Cen Oil 12
6 Union Bar ft Paper 6554
.. Union Oil 2194
10 Union Pacitlc 1-Jf
4 Union Paclfle pf. ... 76J4
.. United Alley Steel.. 34
8 United Fruit ;'2.,
.. United-Paper Beard M9
.. United Rwy Invest.. 17 J
. . Unit Rwy Invest pf . 33 Ji
United Retail Stores 5 1 14
. U S C I P ft Fdy.. 364
c u sc i p Fdy Pf 69
., U S Express 64
..US Feed Products 514
.. U 3 ind Alcohol... 4894
..US Realty ft Imp. C614
.. U 8 Rubber t6K
8 U S Rubber Int pf. . 10394
..US Smelt ft Ret... 4154
6 U S Steel, 8 fs
7 U S Steel pf 1105a
2 Utah Copper 67 la
.. Vanadium Cerp.... 4354
.. Va-Car Chemical... 34 Is
6 Va Iren Ceal ft Coke 49
., Vlvadeu Inc J j
.. Wabash ' 1
TVnhnnh Bf A 33
Weber Hellbrener 14 54
Wells Farge Exp.. 80
Western Mar j land. 1 1 Ji
W Maryland 2d pf. 2014
Western Pacific... 24 94
Western Paclfle pf. . 64
Wcrtere Union Tel. 99 '4
Weetlngheuse A Br 8914
Westing E ft M.... 6314
Wheeling L E.... 10'4
Wheeling ft L E pf 21 94
Whlte Moter 49 Ji
Whlte Oil Cerp.... OJi
Wick Ppene St Cerp 16 54
Wlllye-Overland ... 8J4
Willys-Overland pf. 40
Wilsen ft Ce 44(4
Wisconsin Central.. 2954
Woolworth Ce 163J4
Worthlngten Pump. 53 94
Lew
19)4
143
6394
66
3394
3314
62 Si
112)4
1794
1294
4994
14854
119
43)4
84
7794
1894
21
5554
4914
3994
9)4
63J4
29
16J4
28
29 Ji
29
67 94
20)4
11914
113
13214
2994
1494
36)4
1214
7J4
14
3714
17)4
24)4
58)4
71
2194
32)4
37
9214
1414
694
1794
67
7254
9194
35)4
59 94
24)4
28
20
107
5994
4214
77)4
30
294
1894
140
15
36J4
1014
70)4
5894
7)4
64)4
58
10'
1494
4194
87
30)4
6754
76
23)4
46)4
3854
914
5314
61 94
3454
IS'
71
10814
8294
97
29 V,
8994
12794
3994
33 94
102 54
103)4
1694
7794
3214
3354
114
5654
8194
7 54
4754
11254
6394
1494
30)4
52
31 J4
47
5
1294
76 54
1394
954
47
32 94
44
48 94
91)4
25
5754
107
178
114
82
4094
5694
12394
109
6 54
594
3654
394
11 Ji
46
42
35
28 94
22 54
69
31 J4
4494
1194
6554
2094
13854
76)4
33
142
1494
17
33
5054
26
694
4?i
47 94
C5 54
6594
10394
40 J4
8054
118)4
67
43)4
2414
49
1294
10
32 54
14
80
li'i
20
2414
64
9954
89)4
63
1014
21H
4094
9Ji
1554
89
40
43 Ji
2914
16294
63)4
Tver's e
ciess Cfce.
1fc .H
143 - 1,
87 11
6614 1
33)4 ..&
6294- M
112J4 ee .
1794- H
1294- H
ei
4994 ..
148)4- 1
119
49
84
79 r
2? ft
67 (3
4954 ..,.
3994- V.
9)4 V
63J4 H
29
16T4 H
30
31
30
6814
2014
119)4
115
I33H
29
IS
3714
13)4
814
1494
3994
-71J4
2114
3294
38
67 -7294
6094
25)4
28
20
107
6094
42)4
3
19
140
1514
37
58J4
7)4
64J4
58
10)4
1494 --
42
87
3094
674
76 -23J4
47
3854
994
3494
20
71 94
10894
8354
97
3114
9014
12894
102 94
10354
1654
77J4
154
58)4
6354
714
4794
112)4
63)4 14
1494 ..
30 Ji 54
52 54
32 - 14
47)4 ..
5 - 5i
1294- 54
76J4- 54
14
911
47 -33
44
4894-
91)4 r-
25)4
58
107
17954
11494
84
4094-
5694
12394 ...
109
654 ..
594- 14
37 !
3J4 M
12
.0)i- i
4214 BH
; 10CAL FEATUflE
Inaatiabla Damand for Naw
Bend Isauaa Daapita Large'
Offering
., l'l , ' 'l"" ' ' ' 't '1 1
: rn
NEW YORK BONDS
1)4
'li
94
94
14
214
1)4
54
194
'S
94
2J4
94
94
94
1)4
14
94
14
Ui
14
14
54
14
ii
IK
114
14
14
"l94
s
H
1)4
94
14
14
94
94
1
J4
!4
"14
Z
14
14
14
"4
54
94
J4
94
54
54
54
14
14
2
194
14
54
14
i
J4
2
94
54
li
"l4
54
54
4
94
254
2
Lehlsh Navigation became the leading
ttractlen of the local market, establish
ing a new high for the year at 77,
an ewrnight fain of 2 points and erer
8 points nbere the low of the year.
,The trading was quite animated and
was accompanied by' vague reports hint
ing the possibility of melon-cutting in
the near future. The directors meet
for dividend action en Wednesday, but
only the regular 2 per cent quarterly
dividend is expected by the better In
formed, ns they stated tint In view of
the coal strike any ether action would
be ill-timed and unwise.
The trading in the general list was
bread and active for the short Cession,
and la most cases higher quotations
were registered. American Stores com
mon en light transactions made a
farther rally te 114, nltKbugh later it
surrendered a point of the gain. Phila
delphia Rapid Transit ran off te 31 en
moderate profit-taking wiles, but made
a quick rebound te 32- when this
pressure relaxed.
Anether new high was made by Phil
adelphia Electric preferred at 29.
Pennsylvania Railroad remnineu nrm nr.
42 V4, or within point of the high
of the week. West Jersey nnd Seashore
was taken at 30 and Cramps was frac
tionally higher at 61. Erie Lighting
Company, which was listed yesterday,
had a geed market at 20.
The outstanding feature of the mar
ket situation is te be found in the al
most Insatiable demand for the new
bend Issues. The quick absorption of
these new issues Is little short of phe
nomenal, for In most cases the subscrip
tion books invariably are closed almost
immediately following the opening.
What is mere wonderful most of the
new offerings are many times oversub
scribed, indicating a buying demand far
in excess of the supply. This was
strikingly exemplified In the recent Is
sue of the new 3 per cent treasury
certificates of Indebtedness which were
100 per cent oversubscribed.
Ever since the eucnlne of the current
year there has been no let up In the
speed of the printing presses In produc
tion of new bend issues. Notwithstand
ing the tremendous output, the offerings
of new bends this week were the larg
est with one exception of any week since
the beginning of the year. The various
Issues efferee! aggregated $142,407,800,
compared with $03,420,000 in the pre
vious week, and $140,342,000 In the
week of March 17, the latter being the
record (.weekly total for the year te date.
With n growing rather than a dimin
ishing supply of idle funds, there is every
reason te leek for a continuance et this
remarkable absorption capacity of the
Security markets. Net many months
age when It wan predicted that before
the year of 1022 was half ever money
would become a drug en the market
seemed like an Idle dream. If the piling
up of leanable funds continues en the
same ucale as it has done within the
last two months money will become a
real drug sooner than generally believed.
Arse Itet'e Tj
a.... itt
2.... 101
B.... 100H
Chines Oeret
H-K Rty BS
B.... B
7.... . B6
1 .... . Bft
ettv Bsrae s
a.... U39i
City Berd'x 6a
a....; BS
4 BSH
l... B894
8..... 6891
Oty Chrtsa Is
1.... 110H
3.... ltOH
3.... 110H
City of Copen.
haaen Bits
3 0994
1 S3
City I.jena
1 BSH
1 BSTe
IB 8SK
7(aale) BSH
1.....
B, , ..
3. . . . .
8
City Mara a 8
1 S894
3 8tt
8 8BH
cty rie Ja
nerte la
tSALBS IN HMO
8 M
4 !
fttattfsm DM-
nenet ss
1.... 1U
C et Mather
lands et
B..., 88
1..... nit
!.... SB
IB H
2..... OB
80 tH
1 SB
a sbh
1 M
l..... OB
a sbu
6. ... . 05
Klacdem Ner
way et sa
7.... Ill
K BWtdtU 6i
10.... 101H
8.... 101U
1.... 101H
8S9i
BBS
88T4
B....
3....
a..-.;
4....
8....
1....
4....
1
1
Bests
Se
8 e
0H
0094
0094
9094
00
l.... iei H
farta-Lreaa
Sa wl
10
6
10
11
t8...
1. . ...
105
10494
10H
104)4
108
104H'
108
1094
108
104S
10494
104. H
8494
84U
84K
84 Vi
84H
84tt
84S
MS
8H
8494
84 H
84 Vi
1
City et Perta
Altera a
10 844
10 84
10 84 H
10 84 H
Cty San Paule
8s wl
1.... 10BV4
City Teklo ea
1 78 H
8 78
8 73!
3 7894
7 74
City Zurich s
B.... 113U
Cseeho-Blevak
Hep as wl
n 8SH
10 98
1 08
8 D8
3 8
1 08U
14 88
1 08 U
4...., 98
B 9B
1 08
B 08
ie'.'.'.'.'. D8U
18 0894
7 084
IB 08 14
B 88
n 08
7 OSU
10...v
12
10
Queen'd Oa t
I.... 101
T.... wa,
a iesU
Queenal'4 Ext
Lean Ta
3.... 100
1.... 1004
Rae Chile '30
1.... 10ZH
1.... 102
Rae Chile '41
1.... lOitH
B.... 10BH
Rn Chile '4S
8.... 100
1.... 108
7.... 106
3.... 108
R Cuba 8a '14
a se
Rep'e of Uru
guay BS
a.... 108
i.... iee
8t Forte It 8
Ta rets
3 80
State of It O'c
De 8ul Be
8.... 10SH
1.... 103
State of Sae
Paule ct 8a
18 08
Denmark Ced
ct A 8a
0.... 11194
0.... 113
1.... 1114
3.... 111
Denmark Cen
ct D 8s
1.... 111
4.... 111
3.... 112
Dept Seine ;a
suh ataat fd
1 BSH
B Steel Bs 'M
J..... ea
a..... s
B 88
9 04
Beth Btsel (a.
10 S7H
a 0794
A! 97
B 08
B B4ln D 7s
1.... 10T
9.... 107
B Rap Trsn 7s
"S::::: S
B Rap T et 7s
1 ss
10 88
IB 84
B Rapls Tran
et 7s sta
4 .... . 88
10 70
1 80
10 70
Ban U OS 1st
1 ss
BreaflV 7th
Avenue en
1
Buff BUM
Iren 6
B.... 100
Cans den Bias
6a Wl
1.... 10394
Canadl'n Nthn
s rets
8.... 113
8.... 113
Cana'n Fee 4s
4.
1....
10....
3....
8....
3. ...
1
1054
108
1084
tea
ier.;
1094
106
S'wlts'd Cen 8a
1.... 116
8.... 110 Va
1.... 116
8.... 116
DKOrt Brit
Va 1033
2.... 107
7.... 107
2.... 107
U IC Ort Brit
I'd 1820
IB...
IS..
1..
3..
1..
84
84
88
B
2
6. . . ..
10.....
B. ....
B.....
B....
8
80.....
28
8
16.
6
as
a
ie.....
e
Can' I of Qa en
8 06
2 07
Ctl Paclfle 1st
1 86
3 87
8 87
Cere ds Pas's
Cep'r 8s
4.... 118
CIO ev4s
8 es
2 88
B 88
3 81
B 88
C'k O ev Bs
80
80
80
80
80
80
80
80
80
80
80
80
80
80
81
B0
80
1074
107
107i
107
107
80
00
80
00
00
80
80
004,
2 00 3.
Chi Alt 8a
10.
1..
B..
B..
B..
1..
4..
0..
Philadelphia Stocks
Vi
li
la
94
V,
14
1
"VA
94
35
2894
b9 -3IJ4-4494-
65 .
2094-13894-
7614-
34
142 -
1494 -r-
17 -
33 -51
-J-3614
6914 .
OH .
514
4894
103 94
4114
9914-
1 1Bli .
67
434
.
12ft
1094 i
32 Ji ,
14 -80
11T4
20
24 94
64
93IS
09 li
63
10'
2194
48J4
0?a
I6V4 6)4
40 -44-i
2914
162 94
MJ4
!4
Y
itt
H
H
y
H
H
14
14
Vi
94
li
4
li
94
li
li
I
li
Vi
V
li
1....
9
i....
8. ...
8 06 18....
B flOtt 1....
6 07 1....
2 07 7....
2 07 28....
1 00 1....
Net 2 00 6....
7w -Cleee chare. 8 00. 2...,
11 118 1 4 00 B.
150 100 7. a--' .? ui
na ta 1 O Canada '29 4.
Mv., .:., i., 2 se 7.
?i'a ?AW" S D Canada '29
31J1 8iu at ,.;:; i0,
Vt l5 05 hi. 1..-. 101
101. KIBZ. hi. 4 101U
eg 26 ! 8894
., nil' 4...,. 08
.51? i9, ' Dutch B Ind'a
10$8 10.. rcta '47
75 77(42 6 86
88 38 , 1 6
4J 42 4- H 8 "a4
t in -f ,a r, ei
3S 38 f s. . urn;
2HV U -f" V 30... . 00V4
LTlT -V'A 2114 -- hi Dutch H tnd'a
23 234 2314-- hi :" fl0,
134 iff i$l S 4' in
A 44 44144- 14 i SSI
4i'3 41 4UJ. 14 06
8 8 8 .. as 86
30 30 .. 1 06
2 06
r.i Bi J
e pu7
5 06
11..... 06
18 (flat) 06
2 (flat) OT
Oeva't French JJ
R 7a rcta "
lit....
1....
Klsli
305 Am Strs.,114
70 de-lst pf.150
22 Am-Gas.. 04
W. Am Rys pt 42
CB&Btc pf D2
lOOtButte Sup 31 K
2.1fCbes & O 05 i J
250 O T N J D5
OOOfChlle Cep lOOs
200 Eric Light
ins Ce.. 26
110 In Ce N A 35
50 Key Tel.. 10
180 Lake 8 O 10
1050 Leh Nav.. 77
8 Lit Sclmyl 38
408 Penna K IX 42
23 1hlla Gtu
& Ner.. 117
170 Phlla Ce
mm pt.. 3ii
180 rhila Klcc 211
234 de pref . .
1000 Phlln It T
20tPierce-Ar
200 Tone Bel..
217 UO I....
18 de pref . .
225 UnlenTrac
300 War I & H
25 W Jer & S 30
45 W Cramp
& Sens.. 51
100 Yerk II wt 23 V.
tNet ehanse made by comparlaeif with laat
aaie en fevr seric eidck ckviianav.
Total aalea. 7820 ebaree. compared with
8170 eharea i eater Jay. Thus far this week.
71,808 aharea.
rilllJVDEUTtU BONDS
000 Liberty 2d 4s '42 00.50
1000 Liberty 2d 4s 42 69.48
8000 Liberty 3d 4 28.. Jets 00.04
5000 Liberty 4th 4iis '38.... 00.80
1000 Leh Val Cens 6sx1023... 100V4
500 Phlla Elec lst-fis 08
1000 Phlla Elec 1st 5s 07
10000 Phlla Elec Os lets 103
Total. $37,800. compared with 141,800
yeaterday. Thua far tltta week. 1438,830.
U K Ort Writ
I'd 1887
102
111
101
103
103
101
101
101
101
101
101
101
... 101
Braitl bi
... 108
... 1079
107
1074
107
107
107
107V
107
107
1
3
Chi 8
7
B....
8...,.
8. . .
1
11.....
!
27
CBiQ 0s
108
1..
3..
2..
1..
S..
80
SOU
O Ss
07
87
87
87
879a
87
87
87
BT
FOREIGN EXCHANGE
New Yerk, April 22. The mnrket for
foreign exchange wns dull nt the open
ing, the only change in the leaders, ns
compared with yesterday's figures be
ing a gain of 1 point in Italian.
Hurling, fraiut,, Belgians nnd guilders
were unchanged. Otherwise most of the
neutrals showed moderate declines as
follews: Hwfcs 1. pesetas 2, Norwnvend
Sweden 3, marks gnlned hi, te .371s. at
which figure they bhewed n gain thus
far of 3 points from the extreme low
of the week.
The market was stronger at the end
of the first hour, sterling rising Vt, te
4. 424 for tables and 4.41 for de
muncl. Francs gained 2, te 0.34, for
rahlr.q nnd 0.33 for checks, and lire.
at 5.45 for cables and 5.44i for checks,
was up 3V? points. Marks were un
changed nt .37.
A new high record wns reached in
Montreal pxchnnge fedny. with the pre
mium en New Yerk funds reduced te 2
per cent. A record was made In the
reduction of the discount en Canadian
fund'. In New Yerk te 1 15-10 per cent.
TKSTUHIMY'S CIOSINO QUOTATIONS
Sterling Franca T.lre OulMera
Demand 1 0 Ji n 4U, 87.00
Cablea 4.42 9.81 8.42 87.08
TODAT'B OPENING QUOTATIONS
Sterling Franca Lire Qulldera
Demand 4.41 '-j 031 8.42 87.00
Cable ...... 4.43 0.32 8.42 87.06
CLOSING QUOTATIONS
Bterlln Franc Lire Qulldera
Demand 4.41 g.?., B.44', 87.9:
, 1 - ;
1..
..
1..
8..
r...
4..
0..
1..
J..
40..
0..
103
103
103
103
103
103
103
103
10394
108U
103
103
103 U
2....
0....
1....
10....
n....
2....
12....
1....
a S Maxlee 4s
2 80
12 88
1 60
V S Mexico Ba
B 60
4 CO
1 68
30(sale) 68
1 CI
1... . 00
6 .... 69
30 (vale) 00
ft (flat) 09
Ajax Rub'r Ha
I.... 100
Am'n Asre 4
Cbm 7e
3.... 104
2.... 104
4.... 104
1.... 104
Atno 0 A It Be
1 03
8 02
1....J 93
8..... 03
e H
l 01
American Bus
Iters es
99
00
90
09 t
8..
8..
B..
4..
4..
108
108
108
103
168
108
108
108
108
108
103
108
108
108
Oeve't V Tl 8
1....
1....
C 4 E I Ba '81
B 78
8...... 79
3 70
1 79
l..., 79?4
1 80
4 79
Chi A O W 4e
1 03t
2 C.1
Chi Mil Fs
Sound 4a
1 76
Chlcwe Wl
St P-l d 4a
1 04
Chlcace Mil ft
St P d 4 Vis
2 88
Chtcase Mil ft
8tl 4a '28
Cab R 1M BS
1.... 102
Cuba lUUread
C0 7S
1.... 162
Del Had ev
l D7
XHh ft & O fd
1 8194
Tat) 02
9 61
1 61
2 81
IS 83
Det Ml Ce a
B..1.. 108
Det U H 4a
10 84
10(eale) 84
10.
IB.
10.
87(aale) 84
astasia) 84
D aUtca 7a
1.... 107
O.... 10B
1.... 10
9.... 109
D de Nemours,
Fwdr 7Ua
9.... 10894
1.... 106
I..W 107
Dm Urtt Sa
1.... 101
1.... 101
1.... 102
1.... 103
a.. 4 103
1.... 168
1.... 102
8.... 102
JErte Oenl Lien
2 BB
7..... 88
1. .... 68
1 8894
3 88
68
a 88
8..... 68
1 BB
Erie R R cv A
1 80
2...., 80
4 80
6..... 61
1 80
6 80
1 80
Brie BRevB
82 60
l... 61
14 BI
10 (eale) 81
8 BI
Erie RRevD
1 68
14 82
1 83
1 BSU
Erie Rly Ce 4a
1..... 84
1 64
1 84
7 64
8 84
Flak Rub'r Ce
8s rets
1.... 107
Fram'n Xnduat
Dav 7e wi
1.... 101
8.... 101
Gen'e Rlv 6i
1 OSU
Gen Elee 8a
1 78
Oena' Elan Sa
4 00
l enu
B 99
1 99
Gene' I Elee u
3.... 106
3.... 106
Goedrear T ft
Rub'r '31
11.... 10294
6.... 103
4.... 103
10.... 102
12.... 102
2.... 104
1.... 102
1.... 10B
1.... 10291
4.... 102
8.... 103
1.... 108
Ooedraar T A
Rub'r '41
0.... 118
2.... 116
Ot N'n Rly let
18 B9
Great North' n
Rly 8.
4 98
1 98
VB9j
8 08
3 98
1 88
2 98
8 98
8 98
8 96
17 98
at N'nRlr 7a
1.... 109
8.... 108
20.... 109
1.... 108
Heck Val 4a
4 BBS
8 80H
Hud ft Man fd
1 834
r, 83i
Hud A Man In
Int M.et 4.i
ie
B 16
8,.. 2H
B.t... 16
8..... 16H
6..X. is
S::::: VH
ie..... lew
8.... 16
i 16
80 1694
InWe H T M,
6..... "s
0 -88
es
68
68
68
68
68
89
68 't
88
69
89
09
61
08
68
68
68
O Ba
7
76Ti
a. ....
8. . . . .
10. ....
10
16
10
20.....
8. . . . .
1
80
!
8
1
IB
11
&
10
Intl ACT
1..
3..
I M Marine 6i
28 07
6.....
6. ....
a
!
a
0
1
!
0
07
97
97
07
97
97
97
97
07
97
tnVI P9 t Ba
0 86
10 86
1 809i
1 86
1 86
Iowa Cent' I 4a
10 47
10 47
tows cent' I Ba
1 86
Kelly Bprlnrd
Ttra u
8.... 108
30.... 109
8.... 109
L B A W 2nd
18 80
Lake Shere M
B'n 4s '28
1 94
Lake Shere M
B'n 4a '81
B OS
2 98
12 92
1 02
Lehtrt Vsl 6
8.... 108
1.... 102S
L A Myers Ba
2 06
3 OB
L A Myera 7s
8.... 114
L lid R Ba '87
1 81
1 81
10 81
Le A Naah 4
8 91
L A Naah Ge
4.... 102
4.... 102
18.... 102,
Le ft Naah 7a
2.... 107
Man Elev'd 4a
2 60
Market SI Rly
B rran lat
4 01
1 93
Market flt Rly
s Fran Oa
4 08
Mas Irrla- 4a
1 40 .
Mid S A Or Ea
3 87
1
4
1
4
4
i
i
Mln A St X. 4a
1 47
10 47
3 47
M A 81L fd 8.
4 46
4 46
a 47
M HtP A B St
Maria 6a
B 102U
M K A T aj wl
80 (8st) 66
10..... 66
1 66
10 66
Me Pe Sa '28
8 87
Me Pae Bs '63
4 88
Me Paclfle 6a
10... 100
B... 100
1.... 100
10.... 100
P.... 10694
8(ssle) 100
1.... 100
4.... 100
1 100
Merris A Cem
pany 4a
4 BSU
Nw Or Tex A
Maxlee As
14 70
8 70
3 7094
1 70
N T Ct't 8s
8 76
N T Cent'l 4s
20 90
30 90
8 89
10 90
10 Oil
10 91
N T Ct'l 4a
... 87
... 87
... 88
... 88
Cent'l Ba
... 0B94
... 88
... 06
98
Fanna R Ts
1.... 107
1.... 107
Peoria B",n tat
ie 7P
B 78
PfcllaiRlya 4
3..... 07
Pitt Cln Chi i
BtbfcaHs'
8 '04
Pertl'd Rwy A
Llsht Ss
' 1.','... 8794
Pnb Part Cerp
w jay os -
4 84
1 84
Readtna Ce 4a
1 88
lulu Bd
IB 88
1 .... . 88
Reek lid' A A
'Lettl'a 4Ua
l.i... 8141
St li 1 Mt A B
Rwy 4a
4 88
Bt L A 8 F aj
8 83
IB 83
1..... 89
e..w. 83
1..... 8214
Bt U A B F In
1 70
8 70
a 70
IB....;. 70
2..
4..
6..
97 2
N X
1..
4..
4..
10..
10..
10..
1..
1..
IB..
8
3
10
98
98
8
93
96
98
98
08
08
08
00
96
98
98
98
98
0B4
96
88
98
70
70
70
70
76
7J
44(4
AM,
60
j-.i.aa'j
frs&i
BlFsa4i
e...
l...
1...
2...
n...
i...
l.
l.
n.
8.
8.
10.
28.
87.
Cblcase Jill ft
StFcv4s
81
81
81
81
81
81
81
100
108
106
10(1 U
ioe'j
106
100 V
' Penn Seaboard Steel
x. , '7?e NeUs, 1923
JH, GARRISON & CO.(
VTJl ,fPneii arrsniwe
vmmm tmumg.
LIVESTOCK QUOTATIONS
Bt Uuffsln. N. V.. April '.'2 -CATTHS
IUielrt, ISO he1, atrenu Calves, rtcelpti.
BOO hd! SI lower. lUOtO.
HOGM UwelptM. 2I0O head: 11025c
hliher. eav al1rM.2Jt mll and
e?kr. sll.40tni.S0.leht yerkera Rnj
ii, ii,.ay. ruujii(1 .i'. i .p.. . .fp
BIIBEP
a
yerknre ami llaht yerVnj,
head. Steady.
I'ALVEa RaceUta 73
11U.50.
ill 40: plm. 111.
riuna Hrcctet. loon
Tep aheap, 18.33; top lambs,
Steady. Tep,
DIVIDENDS DECLARED
Atlanta Terra Cetta. Company, quarterly
GRAIN MARKET
Cern Prev. Cloae
May . 5J,
JuU . . 64'i
Sept
Wheat. ,,.,
May ... 1.44J4
July ... 1.27H
Sept. ... 1.1S
U1M'
K1'4
(14 S
open
61
64
67
11 A. M.
em
a
mim m
Cables
0.83 0.43 87.93
8.
0....
3. .. .
a.. .
a....
l....
4 ...
1.... 100
Or'd Trunk et
Can 6a rcta
2 108
0.... 108
3.... 108
IB... . 105
Gr'd Trunk of
Caneda 7s
1.... 112
1.... 111
Jap Oeva't lat
B 91
r, et
Jap Oeva't 2nd
r. 90
S 90
16 00
Jap Oeven't 4e
88 72
18 72
1 72
1 71
2..., 72
10...!! 72
09 Chlcase Mil ft
, ve Sir fd 4a
. 00 D tiOVj
100 1 07
, 00T4 2 00
100 1 07
Am T A T rlt Chlcase Mil t
4 VI i Bt V cv Ba
A Tel ft Tel Be 8 7B
B;.... OSU 4 75
O(aate) 08 C ft Nwn 6a
Kaale) 84 1.... 107
8aale 98i l..,, J07
2 00 C 10A
Amn TAT 6a,chl Rwy'a Sa
T . m ...
... ei
I ft P fd
116 7.
I.... 11 ic R
20.... 110, 2.
1.... 110 2.
Ann Arber 4a 2.
1 73 s.
A T A B Fe 4h
04 9
05
65
63
68
08
65
87
89
88
8A
83 Vi
88 '1
88
BB
88
B8
B8
68
88
B8,
S8V4
20.
7,
10
20,
10
3
1
Ilia Steel 4s
B 02
6...., 93
2 93
10 92
Indl'a Bteal Ba
2 09
11 09
Info Mat 4a
10.
10
1
11
B
6
BO
20
8
4
3
1
1
Me K A
Be e
8
8
M K ft T 4a Wl
4 70
M K A T Be wl
1 . . . . . 88
1 84
M K ft T 6a wl
10 97
10 00
Me P R R 4a
B ....
7. ... .
28
7S4)4f
&
8e
lea
27
1
19
N T Cent'l Ba
10.... 104
1.... 104
N T Cent'l 7s
3.... 100
New Tk Dk 4a
3 774
Naw T N It A
H 4a '87
2 48
10 404
10 49
lOtaale) 49
Naw T N 11 A
Hart' d 6a
1 80
8...., 80
1 79
7eale) 79
32.... i 80
New Tork O A
Weet'n 4a
8 78
N T Rlya et 4s
88 30
20 89
28 89
8 80
B 8994
11 89
N Tork State
Rlys 4s
2 73
Naw Tk Busq
A W'n fd
1 0794
New Tk Busq
A w'n am
8 86
New Tk Suaq
A W am 8s
1 68
N T Tea 4s
1 02
N T Tela' '41
.... 103
6.... 103
2 1034
N Tk W C A
Beet4e
1 34
10 BS
9..... 64Ta
6.... 85
6..... BS
11 88
18 BB
North Westers
Bell T 7s
a.A.. 107
1.... 107
1.... 107
1.... 106
2 ma4
N Paclfle R Ba
a 63
N Paclfle It 4a
3 80
B SO
20 SOS
N Paclfle Tt Si
10 100
Orearen 8 Line
......
IB.....
2. . . . .
8. . .. .
9
14
Bt li A B Fran
Bartas A
1 78
1...., 78
1 78
1 74
1 78
Bt li A S Fran
Series B
1. . ... 87
10 87
10 87
8 87
1..... 87
Bt li A B Frar.
Series O
8 09
1 99
4 99
Bt It SeWn es
1 76
8 76
2 76
4 77
Bt li Swn 1st
6 78
Bt Paul A K O
B Ltna 4a
8 81
8 81
8 81
B 81
4 82
Ban Antonie A
A P Rly 4a
4 76
6 76
Seab'd A L aj
IB 28
8 38
8 38
10 38
BestCd A li fd
1 46
8 4414
IO..... 44
Total.
11.000
$124,904,
:..? '?'.7
8eab'd JI
1 . i . .
.10,(aaJa).8e
,T-,.. .V
1 . . . . . 60
1 609a
1.,... KBU
Sinclair C oil
corp 7s rets
a.... ioe
O.K. 'I0OU
4.... 100
1.... inn
18.... 100
e.... inn
Sinclair C oil
uerp-n 7s
1.... 104
a.... ie4
11.... 104
8.... laiu
Sinclair Crude
oil p Ce 8e
e ns
0 909.
a mu
Be'n Bali T 6i
I 98
Be'n Paclfle 4i
8 91,
8n Railway 4i
s BS
0 68
4..k.. 07
a os
8 mu.
fin Railway Si
1 96
4..... 90
4 0fti
B nsu
Sn Rall'y Ba
tJn.in'i, '
KVl
M. . aTT
1 "
' 9
l3H?l
:-". it '
i,
iu" 1
,61
.'t,1
'H
:
; m
8Rti
WdaaiiVl
-.?
8...
8....
a....
B....
8....
99
80
99
90
90
00
SOU
99
09
119
99
12...
1...
2...
1...
1...
fltand'd Oil et
caur 7s
1.... 100
8.... 107
9.... 107
B.... 106
B.... ion.
Bteel Tuba Ce
or aid's 7a
a.... ioe
1.... 100
X.... 1D1
Third Av a
10,
1
87
Ta a
20
8
10
B
a
7
10
7(aale)
8
1
18
IS,....
10
1
10
8.. ..
Tidewater
66
DO
00
50
B"j
CO
89
69
6'
60
60
89
60
89 S
60
60
60
60
60
89
Oil
; toil.!
" IJBJ .
iva-Cduniii
VVC.T.'
!" B
VniycT,,j
"' n CKe
wVnpalsi)
i 4 tat
i NU
.1 83
ii ..;r ai
W it..' '".I I
... .-iv
::::: W
.".H
irsi
Ce et 6a
9. ... 102
W
keitinibt, J
S TS)
1.... 1IIU
8
WALtia,
wicv;''.' Sm
steel 7 V
1 tit.
Wlleen Ca ,
aiw lit,
!
10,... n
Wilaea c tit
1 MU
f.f.. M i
l MK
Wilten C 7Ui
8.... llll
8.... 11
W C Bub AD'
JJIV A T 4)
1 ttt
....
110.889.000. compared
wtta
082.000. yeaterday. Thua far thta w3.
Liberty 8V39 ....
Liberty 2d 4s . . .
Liberty 1st 4s..
Liberty 2d 4Us..
Tilhertv Itrl 41,4b..
Liberty 4th 4
Vic Notes 3$
Vic Notes 4$
Iltsh
00.48
00.40
00.H0
09.58
00.72
09.88
IiOW
09.80
09.40
00.74
09.48
00.02
00.82
Can
99.40
99.40
78.88
00.68
98.72
s. . .100.02 100.02 100.02
s... 100.74 100.70 100.70
10.
10.
B
10
B. . ...
6. ....
10
10
10
10
10
19
19
19
88
88
68
T 4a
82
82
82
10...
n
i'.Y.
8...
7...
10...
1...
8...
3...
1.
60
68
66
66
60
00
66
CO
66
no
10 dale) 60
auard Ba
1.... 100i
Ore-W R R Ce
A N CI Be
2 SHi
Pse O ft E 8a
2 011
Packard Moter
Car Ce Ta
1.... 103U
Pa Rd cn 4s
10 B7U
P Rd am 4s
2 90
Penna R R Bs
EXPERIENCED
BOND
SALESMAN
1
wanted bj bend house esttb-,
lished for 35 years, with offices
in many1 cities. Can supply'
list of bend buyers that shenlj
Increase your sales. Replies
will be held in strict cenfl.
denee.
A 014. LEDGER OFFICE
c. s. PAitoirsce7i
SD A CHEOTNTT MS.
BANKERS
Mureeaaera te
SAILER A STEVKNSOV tt
Benda and ateeka beuiht and aall.
Memhera I'lilla. Hteek Efhaate.
1.
14..
7.
1..
Penn
2..
4..
4..
2..
I..
7..
1..
4..
08
... 08
... 08
... 08
Rd OVie
,. 108
.. 107
.. 107
.. 10S
.. 107
.. 108
,. 107
.. 108V,
Lawrence E. Brown ft .
HRTIBilD PUBLIC ACCOUIfTANTI
114 aU. ESTATS TBtJST !.,
IirreeilnU and sAlnst cerparatles SfJ
artnerahlp asestjsta as4 praaare lassa
Tax Rem ms.
EDWARD LOWBERSTOKESiCO,
Investments
20 Seuth 15th St.
PHILADELPHIA
Lauid Title BIdf.
alassbtrs rbOs. Stock Kiraass
ii 1
10
10
6.
JO.
u.
2.
K
10,.
c.
82 I
82
82
82
HIS
78
78
77
77
77
77
22
S. ...
Am'n W
1
A Ceaat
14
Atl Ceaat I. 4a
3 80
1 SU't
Atl Coast L 7a
0.... 106
At Te Fruit 7a
48
49
40
40
40
Rat's
88 Chile Cep'r 6a
88
88.
SBTa
BS
1' t
84
L elt
82.
Chile Cep'r 7a
4.... 102
C N T 4s '811
1 08
C N T 4a'60
4.
0.
ellum e.
108
RAILROAD EARNINGS
CUI1A RAILROAD
1022
February arc ,'J,0?'?J?
Net after expenaea .. 474,493
Sumlua after charsea ,S4,20O
Eiaht month' sreia .. 7.020,807
Net after aspanaes ... l.jij.saa
Survlua after cltarse. 416,779
urpl
iecreaae.
Increaee
1800.678
18,57
. 19.800
3,0H0,22t
1.404,380
1.101,806
BANK CLEARINGS
Bank elearlnae today' compared
iw esT.iai
1th
108
108
108
8.... 104
10.... 104
1.... 108
3.... 108
IC Belg're 7 He
i.... J0N
0.... 108
1.... 109V.
1.... 108
1 108
li Deirm rcta
1.
1..
10..
6..
n..
e.
4.
109
107T4
107
107
107
107
Kludsra Dsn.
mark t es
B.
2.
14.
10.
a.
B.
7.
1.
2.
28..
1U "i
no.
00
00
90
91
90
904
90
00,
91
100
. 1004
8 4s
. 88
.. 83
.. 80
.. 89
894
2,
1.
24.
10 40 Cole
20 40 4.
lAtlantle Rat's IB.
Ct S B.
6.... 104 n.
1.... 108 2.
1.... 108 C Tab A R 6a
2.... 108 2 OSU
Bait A Ohie cv Cen'd Ceal Ce
te ei!S or sta Bs
. nA., a
e4T . ee;
- BiVl d HH
2 82 S 89
!! A. t ... M ea.
. w w aw. w,... aav
IB 98 Cena'd Qaa ti
uait a onto 4a z
B 82 1
B(aale) 81 4
Bait A Ohie Ba 11
1 87. 1
1 RT 1....
8...., 87 Cuban A
2 87 2,... 108
87 ti 1 DU
Bait A Ohie 6i 2..., ieb4
20 90 1.... 105U
B 99 Cuba C'a H cv
8..... 89 2 84
eCaaU) 09 Cuba Ca Bus
U7
116
118
117
116
HOVi
n sa
cer
hf,ijffiaj,?i.rkx,A . ? ..' ni.j,,Ji"JH,5fc'"",'"':,'r"'r?.w si 40 46 4 40 '.rrr r" vih" -t- Wit ' .ism' i ." a r:r !.::: us i t. Maw Tars "wr7
."?. yvrm, ivkh ew .i.tu. ,v,... ,i is-t -t --- 4354 .. 41 U ItSkattv ..aTa.44.4 U7.4.atB79.9U.aial (,".'' ZZ K i'Vr" ?iia i"-V li2ll - J.. 'i t ' '
The Memphis Street Railway Company,
Netice te Owners of Twe Year Six Per Cent.
Collateral Geld Notes of The Memphis Street
Railway Company and te Depositors Under
the Notehelders Agreement Bearing Date
r March 12, 1919
Pursuant te the terms of Article Fifth of tne Notehold Netehold Noteheld
ers Agreement, dated March 12, 1910, notice is hereby
given that the Committee acting under said Agreement
has prepared, approved and adopted and has filed with
the Depositary, The New Yerk Trust Company, Ne. 100
Broadway, in the City of New Yerk, a Plan and Agree
ment for the Reorganization of The Memphis Street
Railway Company.
All holders of Certificates of Deposit issued by the De
positary and its agents under said Notehelders Agreement
are hereby notified that unless they file with the Deposi
tary written notice of their dissent within twenty days
after April 10, 1922, specifying the dates and numbers
of the Certificates of Deposit held by them, thev will be
conclusively deemed te have assented te such Plen and
Agreement of Reorganization, and will be bound by ail
tne terms and previsions thereof.
Notehelders who have net deposited their notes must
deposit the same under the said Notehelders Agreement
and the Plan and Agreement en or before May 1, 1922.
arter which date no deposits will be received except in
the discretion of the Committee. '
Dated: New Yerk, April 10, 1922.
Mortimer N. !uckneV CMwse
Secretary te the Cammlltssi
ejrs) Q. Curls,
100 llreadway. Naw Tork
Csuaaal te tbs Cerarnltteei
ssimsn, Menken aV Griseera,
03 William Bt., Nevr Tork
Slaspaa, Tbacher artlstt.
J. C. Naff
S F. T. Breck
Ladyard CegswaU
E. C. Cewdsry
Caerga T. Oraiway
H. C. Aball
Floyd I. Ostitis
sri .. . ' It -Lli I 11 e.