r ,'srfr vrjja J-u B1W" Kftvrfsaaaa ...... ... i ipuinu i r IN POOL ISSUES lit .vw Calamity Howlers and Reac tionaries in Bad Repute in Current Movement t- , New Yerk, Mnj 27 Tlie nccl oIetmI nlth n breml nnil buejnut o.eek mar ket tetlny with a xlRoretis uiibliltllne of prices lti tlie lending lntlustrliili. Tbc upward iwlng ni of n pregre'ilvp & type and crmlunllv extended te vir i" tually nil the uirieui division?, rrgent cevfriiiR of short eentrnets evidently Accounted In n lnrgc ine(iitirc for t lie generally higher rouge of prlrc. This wns particular y noticeable in the rec h" Ui 100 2500 100 1100 100 100 17400 13C0 300 1700 3400 100 12900 300 500 4800 3000 100 1430 100 500 3200 100 200 600 100 500 2700 11000 600 100 50 3900 100 4700 100 3100 500 1300 200 300 100 1700 200 200 200 1200 3000 1000 200 500 3900 BOO 200 100 100 El 300 2600 100 6200 100 700 800 200 200 100 200 3700 2200 600 100 1430 300 1300 830 200 100 1100 100 200 2303 830 100 100 8200 100 430 200 203 200 500 100 6100 1303 200 Sr i mil I!- egnized peel l-tie In which the hnllNh dcmonitrntlens were especially cnthucl nstlc. The tobacco group was conspicu ous in this onneetien beenuse of the seectaeu'nr advance in thni Uiir. bWH If. J , which hnil been behind the market for 1 "emc lime, equally spirited iipblddlng. however, occurred In Mich recognized speculative leaders as Mexican Petro leum, Studebaker and Baldwin Locomo tive. Republic Iren and Steel was hNe .kept in the front ranks. The Hcadlnq Jwues were the most prominent feature . of the rails. i Trading in bends was fairly ncthe for n week-end session and prices again tender) upward. Liberty issues retained , the greater part of their recent strength. but Victory -l-s reacted mederatelv en heavy Miles. St. Ieuw and San Fran Fran ciseo 4r rese point and HroeMyn 'Hnpld Transit "s also gained 1 point Fractional advances were mad by Atchison -Is, Central I'aeluc 4s. South ern Rallwny 4s. United States Steel ,t i V T i- I)'' ji te and terre de I'nxce Ss. The en" It feature of the foreign duisien was n gain of 1 point in I'nris. Lvens ind J lied Railroad Gs. Erie convertible ! issues reacted slight 1 te prellt-'iikln it and Wilsen convertible Os Ick-c 1 point. ibssr Calamity howling and the making of j predictions of n big reaction is 'i IK-ft lalghty peer business te be engaged in fiST these days of spring-feter optimism. tSi Judge Garv, In his address before the !$3i American Iren and Steel Institute, ex its pressed pity for the "chronic, blind. Ig; deaf, dumb and foolish pesslmi-.ts. SfcrM Seme of the very bent judges mere than fcsl a eek age exnresvd the belief the g! Market ought te have a geed-sized re ysl action. It has simply refused te slip ls.3! back. Te the contrary, almost each h succeeding day it has been a repot! -f tien of thr same old story s of some R a ftecka. or some group of stocks, break tai naT 'nt ncw high ground V,l Only a few days age one well-known m' ader, who is known te have made !. k some of the biggest clean-ups en both 'i-tll 2 es the mark(,t within the lait t3 Je J,ears' remarked the second stage Ijaji of the big bull market had net even n itarted. luw "Many critics," he remarked, "claim 'PS stocks already show a big rise. Se y a but hat of it? If you think , 't the current level of security valnes is r li4', high take a moment te leek 'up some of -h the prices prevailing u few jears bark jj3i before the market fell into disrepute. tSA i ue nei mean me crazy war period, ttibut when we were all doing business tien a sane and safe basis. ,i( There is a geed bit of truth in what 31 nt says, xne mariset. it Is true, has .? )U3t ham n mihstnntinl rennrnm (mm Inn i tgai year's bottom prices, but every one rug! must admit they were abnormally low IsS Muwiniiun'i miu n me great prosperity Jte ahead of us, it's seen by President " k& Harding. Judge Gary and ether com cem 'Xjlptteat authorities, the current level of security valued is net tee high. Then fe again, in order te align the stock i ipaues with the bend market and with the Upj, prevailing monetary conditions, thi con cen fej structive or restoration movement Is jM.apt te carry most of the seasoned divl tga dend payers te a point where thev will ref be yielding a little better than 'e per ISJ cent. 'Sap. Conditions nnd events certainly prove J5ttthls is no time for pessimism. In se "far as the market itself is concerned - bow and then technical conditions in some one group or iue become mud dled, but these are matters which lend "themselves te ready correction and J have no bearing whatever en the gen- eral situation. It may seem out of iMplace te Env it, but it is nevertheless trnc that the market today is being conducted en a line of action entire y different from that ever witnessed be fore. This is largely because of the drastic measures assumed by the stock exchange official te absolutely forestall the slightest impropriety of act en en v!i nnrt nf mpmlwirs thnrphr fftrini- fni- once in the history of Wall Street an absolutely free nnd untrammcled market for all classes of securities. -rX" SPECIALISTS We make a dependable market in all issues of UNITED STATES GOVERNMENT SECURITIES COMMERCIAL TRUST COMPANY Member Federal Rciervc Syitcm City Hall Square LIFE INSURANCE General Acent wanted. Oppertdnltl tnr drat yenr and renewal lncuma Financial nuppert In urbanization and achoel e( Instruction for arenta ExperW nee. Inlesrlty and credit required Ideal company for policyholder and axentn. Writ the Midland Mutual Life Innur nr C(imnnv rnlumhu Ohln C S. PATTON & Ca ID A CIIKSTM'T HT8. BANKERS .... JHutuwf f . HAII.EIt k STKYKKSON "S?" i",d ?.""' boeiht and Mil. Mtmlxra Phlla. Pek Eithanie. rf3E ckf Lane Mj Membra I1 rS"HaCS :t s CM JUSrAUTMlPA rft CnMMMiVSHsaJCasMaMBIwaHMHSikaMMsl i. Ai . :".. Land Title Bldg. Wi mm, mock Kicbania Lawrence E. Brewii & Ce. ITIf 1KB- rulUC 'ACCOUNTANTS WCAbiKHMTaXi TRUHT MUIQ. vsi; cuivirsnien Mu laiiiliililTkt .i -' ohew ,sud, senna NEW YORK STOCK EXCHANGE TRANSACTIONS Tedav'a Clese 05-!- 54 ft b 17 1'4 71 49- 3914 Sales in $ 300 . tOO 4 1900 .. 600 .. 1000 4 600 4 300 . 100 .. ICO ., 500 1900 .; 600 i 100 .. 200 . 100 .. 600 . 400 . 500 7 STOCK ItlEh I.OW 65 Vi 54 Vt 16t2 Hi 71 49 ?i 38 "j 64 4 43 U 46 48U 163 12 27 '4 6 15t 71 'i 110H 92 48 !i 13H 115H 115H 100 21 !4 t4ft 98 37 76 1C6 Z9i 65 123H 142 V4 139 13 C24 34 1914 5'4 46 1251i 9914 91 4 3 ft 41 :9i 114'4 114H 29 87 118'i 113 4314 61 '84 33 14 29' 77 a 97 113U 1C64 24 :6j I3'i 110 136 45ti 74 27'4 32 13U 79 60', 95 11 62 142H 39 H 73 40 48 ' 'iSVt fc7'2 11 19 554 10U 24 28'2 44U 75 h 65 W 44 83 '4 97 22 H 31 4 694 16 62 61 '2 8714 414 17' 69 4 dBt 117' 13 E6I4 101 44 75 '4 25U 16'2 35 E9'4 21 !i 125V4 28 115 81 14 76 ;. 432 21 ? 10!4 38 834 17ft 26 18H e4H 951, 16 'i EO'i 17H 21 f4i2 99 74V2 14H 14 42 h 89 :4'2 77 14 40 H 12 84 1ft 87 .10 H 70 81 W 2Clj 10J. K6ft 4', 9 42 ft 36 Vt Z5'j 4ft 103 24U 84 18 52 70 18U 1'4 31 21 'i 44 ',4 -7)4 4J. 43 103 iOft 38 21ft 76 H 78)4 . Adams nnress .... 65 4 Air TJeiluctlen . ., 54J4 AJas; nubber 17 . A!aska Juneau O M Wi Allied Chem ft Dye 71 ,i 4 Allls-Chalmcr 50 . Am Agric Chem ... 39' Am Aerlc Chem pf. 64Ji . Am Beet Sugar .... 42' . Am Besch Magneto. 6' . Am Can 49 I Am Car KJy.. .163 Am Chicle 12 Am Cotten OH 27 j . Atn Urns Svn .... 6 Am Hide A Leather 15U Am Hide & Leath of 71 It 7 Am Ice Ill Am Ice Df 92 An lntcmat Cerp . 491k 1 Am I.a KVance Eng 13 J Am Locomotive.. 115 Am Locomotive pr .115H 4 Am nndlnter 100 . Am Ship ft Cem.. . 23H Am Kmelt 65 7 Am Smelt pf 98 3 Am Steel Foundries 36 i . Am Sugar Ftef .... 76 '4 " Am Sugar Ref pf. . 106 64 43 U -46 48 163 12 274 6 1514 71 V4 - 110H 92 r 48ft 13H 113ft -f 115 100 ! 2314 65 - 'J 8 38 '4 76 f 106 42 :;r "" Sumatra uj Am Sumatra Teb pt 66 U 9 Am Tel & Tel 123 s 12 Am Tobacco 144H 12 Am Tobacco B .140H Am Waterworks . 13 7 Am Woolen 93 . Am Writ Paper pf. 34 .. Am Zinc Ld ft Smlt 19 U .. Anaconda Copper.. S5Ji . Ann Arber pf . . . 46 6 Asse OH 1 26'i 6 Atch Tep ft San Pe.100 6 Atch Tep ft S P pf. 91 -eAtlan Blr ft Atlantle 4U .. Atlantle Fruit .... 4U .. AU C.ulf ft W I S S 42' .. AtiG&WISSpf 30 , 7 Atlantic Ref pf 114h De Odd Leis 1UH .. Austin Nichols . .. 30Vi 7 Austin Nichols pf . 87 7 Baldwin Locemotla119 7 Baldln Loce pf 113 .. Baltimore ft Ohie.. 4314 4 Baltl ft Ohie pf . . . 61 '4 .. Barnsdall A 49 H . Barnsdall B 33 . . BateplUs Mining . 1 .. Brit KmStl 2nd pf. 29' 5 Beth Steel B 78 1 7 Beth Steel T'T. pf . . 97 R Beth Steel 8"e Df..113'4 8 Broe'Khn Edisen . 1061 . Brooklyn Edisen rts 27a .. Bklyn Rapid Transit 27 H .. Bklyn R T ctfsef db 23 H . Bkln Union Gas. ...110 5 Burns Bres A 137 2 Burns Bres B 457i .. Butte Copper ft Zinc 7'i . .Butterlck Ce .... 27 H .. Butte & Sue Cep.. 32 .. Cadde Cen O ft R . 13 U 6 Callfemli Packing. 79 "4 . California Petrel ..60S 7 California Vet pf 95 Cal Zinc ft 11 . 1 1 V 2 Calument & Arizona 62 10 Canadian Pacific ..142'j .. Central Leather 40" .. Central Leather pi 73 '4 .. Cerre-de-Pasco .... 40 i . Certain-tecd Pred .. 48 ' 6 Chandler Meters .. 75 !i 4 ClT-sapeake ft Ohie. C8 .. Chicago ft Alten .. 12 Vi .. Chicago ft Alten pf. 20 H .. Chi ft n 111 (new)pf 5514 .. Chicago & Gr West 10H .. Chi ft Gr West pf . . I4 .. Chi Mil St P 284 .. Chi Mil ft St P of.. -'4H 6 Chi ft Northwestern 75 '4 4 fhlcasre Pneu Teel . 6514 .. Cht R I ft Pacific. 45 6 Chi R I ft Pac 6 pt 83 54 7 Chi RI ft Pac 71 pf 97'i .. Chile Copper 22 H .. Chlne Copper 31 H .. Clev Cin Chi ft S L 69 4 .. Cluett-Peabody .... 56 4 Ceca Cela 63 i 4 Colerado & Se 1st pf 61 '2 6 Celum Gas ft Elec. . 87' .. Celum Graphopheni 4'2 Cel Graphophene pf . 17 W 6 Cemp Tib Recerd.. 69 .. Consel Cigar 29' 7 Consolidated Gas ;.H7t4 .. Consel Textiles ... 13 U .. Continental Can ... 67'i 4 Cern Products Ref. 102 66 A -i 1 ' 1?3 144 r 140 13 92 34 -1914 5 46 91 4'4 4 -42 '4 30 '4 1 1 4 W -114 30 4 87 119 113 4814 61 '4 -48 33 14 29 y 78 97 - 113'4 1 106 2ft - 27 :3H 110 137 45 ft f 7 ft 27 '4 - 32 1 3 U -79U S- ee 4 95 - 11H 62 142J4 -4 39 73 -40 48 Vi -75 b r 68 11- 19!2- 1 514 - '10 .'4 1 :e 44 '-j - 7514 . 65 ft 45 -83 '.4 97 '4 - 22'4 31 ft 694- '4 56 - 1 63 14 1 3 61 '4 r 14 87ft- 4ft- '4 17 1- 693-- i914 117'2- ft 13 67 ft - 101- 1, 44 - 1 4 75ft- 25'4 J, 16'2 35 14 9 4 ? 21 ft - U 1Z5'4- 1 29 -f ft 115 - 1 81ft 77 14 J4 : ft 21 ft - ft 10V4J- t 28 T 14 83 '- i4 18 -; '4 26 - 14 18ft- 1, 5-,' 1 95H i H 19 t 3 50ft- 14 18 ( i4 21 - ft ("4-;. 99 - ft 75 1, 14ft . 15 14 42ft- "4 89 1 34 .. 777, '4 40 ft - J4 12 ft 84 !4 I ft - ft 87 tt 24'4 4ft 70 81 ft - 20H- ft 1 1 ft 106ft- yt 4ft .. 9- ft 43 ' A 36ft- 14 25 ft ? ft 2ft ft 5 - ft 103 24J4 . 84 ft f '4 18 - i2 52 14 70 r ft 18 14 1 ft 4 ft 31 - 1ft 21ft .. 44 14 - ft -7 ft h H 5 43 - 103 M !4 38 i 21 ft r H 77 J, i- 114 79 f (4 25 f- 32J0 2A Cosden ft Ce 45ls 2400 .. Cmclble Steel 76 H 2830 ...Cuban Am Sucar .. 25 '2 503 .. Cuba Cana Supar. . 16'2 603 1100 503 100 3700 300 100 500 600 300 103 100 200 5330 2600 600 12430 330 1400 200 1800 1500 6700 300 1400 7700 800 800 100 630 2100 930 700 600 200 300 240O 100 1030 10CO 12400 100 1100 600 Cuba Cani eusar pr 35 . Parson Chemical.. 59? . Debeers C Mln Idt. . 21 y 6 Del Lack ft West.. 1 25 ' 1 Deme Mines .9H , . Du Pent (E I) Ce .115,'i 6 Du Pent 6 deb pf 81 , . Eastman Ked new.. 77 , . Elec Ster Bat (new) 3 . Ell: Hern Ceal '2 . Ermrsen-Brantlwr . 10!-2 , . Emersen-Brant pf. 38 5 Endioett-Johnson . 83 J, . Erie 18 1 , Erie lit pf 26'2 Erie 2nd pf 187i E Famous Players L. 6 g Famous Plajers pf 95 H Fairhinks 19 6 Fed Mln ft Smelt pf 03 . FiBk Rubber 18 . Frcepert Texas 21 & General Asphalt .. 65? G General Asphalt pflOO 6 General Clear 75J2 .. General Meters .... KJ2 ., Glldden Ce 15 .. Goedrich B F .... 42',4 7 Goedrich B F pf . 89 M .. Oranby Mlninc 344 7 Great Northern pr. 77 Ji 4 Great North Ore ctt 40 4 .. Guantanamo Sugar. 124 .. Gulf State Steel .. 84 i .. HablrshawElec. .. 2 .. Hartman Cerp .... 8 . Hendee Mfn Ce ... 25 3 Herrwdtake Mining. . 70 Housten Oil 82 Vi 1 Hupp Motorcar ... 20 Ji .. Hvdraulle Steel .... Il'i 7 Illinois Central ....1C6JJ .. Indlahema Ret .... 4M Indian Refininjr ....MO'i 1600 Inspiration ten cop 43 ft 100 2 lnternat Cement 261-i 25 a ?'4 100 2 lnternat Cem Ens; . . . . Inter Cen Copper. . . interbore Cen Cep pf 1400 800 300 300 1000 qoe 200 100 2730 1703 1000 500 300 400 300 600 100 700 70e 1200 1500 200 5 Int Hunester new.,103H .. Int Mer Marine ... 24 H 6 Int Mer Marine pf . . 84 'j .. International Nickel 18) .. International Paper 2 -6 Inter Paper pf stpd 70 tj , invincible Oil Cerp . 18i .. Island Oil 1 ' . Iren Products .. ..32 . . Jwel Tea 21 ? ,, Jenes Bres Tea .... 44 ?i . . Kan Citv Southern. 17!$ , , Kansas & Gulf .... 5 .. Kayser Ce. new .,, 43 .. Kajser Ce new pf.103 .. Kelly-SPK Tire . .. 51 H .. Kennccett Copper . 38 Ji .. Keystone T & R.... ?2'4 . . Lackawanna Steel . 78 .. Laclede Gas of St L 79 .. Lake Erin ft Weat 26 1700 j Total aales 022.200 anarei compared with 1 JOS 000 shares FOREIGN EXCHANGE New Yerk, Mnj '-'7. Although there1 was the ust"l irregularity In the noii neii trnlb. and Pui tlculnrlv the Scandi in Montreal today was .ll-Il'J per cent I The ilibceunt en Canadian funds in I New Yerk was The On trnl wre (motet navians, attain today, the market for Biirlnn, ."."1 , ,....!.. v..l..m.n.. no n ullllln. ftllllll 111- l - ! ' iu.t.B.. .....-... " , 1 Mliivlan, ..Klft. '"'"" , ,, ,, 1 Hinvinn, .;$. (irecr:, 4.1.1. hid: called steady 10 firm. Dealings -rr l'elNt, .OS,:,; Finnish. -' 10; Auitil.ui, en n holiday muIc. Sterling ugaln .0105; Hungarian, .12-. showed the underljini; MieiiKth thai ham ycsrEUDAV s r ujsi.ne oi'ettio.ss characterized It for feiiip time pat-t Hterllne Trancs I.Ira UullnVrs Tln.inr4 1 ilL ,.11 KOI n.L. . .. 11I1I I . "'t'1. r rnm'H scerpu a ni khiii 01 -t , ih'ikiuh" raei" i i ie--, 5 i'i' b wj closed a point lower, lire gained 2.j, ; today-8 opbnine quotations I. .... .i u 1.1. . 1 e .......... Bte.rHns Francs tire aullnera HM-ls bw eiiiiujiiiruYiii iutiu Demand , .fai'smlMcni rose ifl 11 new hlch ierar.1. .Cables.,..,. use IB u n i''"i'- -. -." --j.-- ----- CLOSIM1 a nin tan ft points. Marks .. Mi frsctfen. Bterlln EVENING PUBLIC LEDGERPHIEAbELPHIA, SATURDAY, Net Chse V !4 '4 , '1 "a U lv. '200 t.nke i:rl.. W of.. 45 ?22 2 Lee Rubber ft Tire.. 33 7500 314 IhlKh Vnllev 67yi Lew 4414 33 ft C6ft 115 113ft 1614 13 157 5054 06ft 80 17H 21 54 74 52 39 54 63 37 34 ft 34 36 ft 72 23 11854 13614 30 ft 1474 41 13 19H 4254 23 ft 5714 71 108 24ft 3214 1 vw 1 sjima Lnmmnr a lin 100 1200 100 1200 4600 600 200 400 200 71 100 200 200 100 4300 2530 200 90J 1900 100 5700 7 Lima Locemotlvs pf11314 .. I.eeus Inc 16JA 1 Left Candy 13 2 Lerlllard Pierre.... 158 .. Mnck Truck 5Hi 7 Mack Truck 1st pf. 87 7 Mack Truck set pr. . 80 .75 Mclntyre new .... 17J4 Malllnsen Ce 21 14 Manatl Sugar pf . . 74 Stanhat Elev Guar . 52 2 Mnnhat Shirt 39 14 Market St Rwy pf . . 63 . Mar St ;twy 1st pi. 37 .. Mariana oil 34 H 2 Martin Parry 34 .. Mathlrsen Alkali 37 .. Max Moter Class A. 72 .. Max Moter Class' B. 23 8 May pept Stores . .1 18 14 12 Mexican Petroleum. 137ft 1 y i 2'4 i '4 ft H 3 1500 - .Minmi copper 30 14 3100 l.e Middle States Cerp. 15 71 ' "'dvale steel .... 41 430 300 200 . -Min St Lcijig 13 ft Me Kan ft Tex 1) 19H . Me Kan ft T (wl) pt 42 '4 . Missouri Pacific ... 23ft ..Me Pacific pf 57 1 Mentana Power .. 71 7 Mentana Power pf108 . Montgomery Ward.. 24 Mulllns Bedy 32 54 7 Net Biscuit 14414 300 800 100 100 4900 100 100 !i 2 1 i 1'4 I u 114 1 ' 144ft 200 00 7 National Biscuit pf. 11814 11854 0, . Nat rleak ft Suit . . 41 41 1 100 Nat Cen ft Cahl 2ft 2ft 1700 200 530 1800 15100 430 200 2603 100 Nat En ft Stamp ..47 Nat En M. Stamn nf SI M 46 ft 91 96 ft 1314 6ft 18 67 ft 90 ft 83 36 ft 61 33 H 27 ft 107 65 44 8ft 76 lift 3 8 19ft 14ft 36 9 69 6414 67 54 60 ft 15ft 7 41 12 33 ft C9 78 39 54 85 53 19ft 38 9ft 54 54 62 35 88 ft 20 77 106ft 79 46 ft l2ft 44 32 100 104 17ft 81 53 ft 5314 34 35 ft 75 ft 93 4 10 45 46 113ft 63 ft 44 ft 4 19 15ft 29 3154 49 ft 8 12ft 79 13ft 3614 92 ft 24 56 19ft 115 18814 1141-4 '8 43 53 123 6 7ft 35 ft 3 12 4914 33 46 ft 29 ft 23 54 76 103ft 46 18 49 ft 2314 139ft 74 ft 38 79 ft 1514 f9ft 34 J4 5 2 5 ft 8 97 71 6414 104 44 10114 119ft teft 48 31 ft 69 12 1314 33 ft 23 ft 77 12 22 61 54 97 '4 62 U 12ft 24 26 9 18 U Bft 42 S 43 ft I 6 Natlennl Lead .... 96ft . Nat nit of M 1st pf 15 Nnt RR of M 2d pt 714 . Nev Cen Cep 18 6 N O Tex ft Mex 6714 B New Yerk Pent ral . . 91 li ?i 214 1 114 400 2ft New Yerk Deck .... 37 200 0 .ew Yerk Deck pf . . 61 ft .. New Yerk N It ft H 33 ft 2 New Yerk Ont ft W 27 54 7 Norfolk ft Western. 108 ft 10 Nertu American .. 65 6 North American pf. 44ft .. North American rts 9 6 Northern Paclfle .. 77 .. Ohie Bedy & Blewer 12 4300 100 200 1030 203 1703 400 1703 2600 100 700 600 200 333 403 3930 3533 1930 300 330 5100 9600 1500 100 103 500 200 2800 1000 100 1930 200 603 933 100 54 . OI:ln Pred ft Ref .. 3 14 . Ont Silver Mining- . . 8 . Orpheum Circuit... 19ft . Otis Steel 14ft 2 Owens Bet Mach . 36 ft . raclf.e Devel Cerp . 9 B Pacific Gas ft Elee.. 70 3 Pacific Oil 6514 Pan Amer Petrel .. 8 ft 6 Pan-Amer B 61 ft . Parish ft Bingham. 1514 . Panhandle 7 2 Pennsylanla R R. . ? . Penn Seab Steel .. 13 . Pere Marquette .... 31 B Pere Marquette pf . . C9 6 Pere Marq pr Pf . . 78 3 Phl'adelphla. Ce ... 39ft . Phllllps-Jenes 85 2 Phllhps Pet 54 ft . Pierce-Arrew Moter 19ft S' H H 1'4 4 ft '4 '4 ft 1 H . . I'lerce-Arrew Met pf 38 Plerct, Olt 10 8 Pleree Oil pf 54 ft 6 Pitts Ceal 62 . Pitts ft W Va .... 36 fi Pitts ft W Va nf. .. B8I4 200 1H Pend Creek Ceal .. 20 430 K Festum Perr.il 77 100 100 10100 100 630 3330 100 100 300 4100 3900 3100 4600 1600 21530 100 830 200 1430 200 5500 2500 100 100 300 530 200 500 830 100 2630 533 8400 4303 200 300 3330 1700 400 700 200 700 1400 26600 1800 1030 100 603 700 4100 230 1030 1330 1900 20400 1500 300 5430 100 1703 1000 100 200 400 200 14800 100 100 400 3830 100 700 700 1Gj 600 9500 600 1200 2300 800 500 103 3503 3400 100 100 200 500 100 100 1700 1000 6J0 700 1030 2600 70JO 100 500 1UU 8 Pestum Cereal pf..106ft . Pressed Steel Car .. 79 . Producers ft Ref .. 47 ft 8 Pullman Ce 12214 . Punta Alegre Sugar 44 2 Pure Oil 32 ft 8 Pure Oil pf 100 Hallway Steel Spc.104 Ray Cen Copper 18 4 Reading 2 Reading 1st pf . 2 Reading 2nd pf . . . Remington Type .. Rcplegle Steel . 81ft 55 56 37 ft 3614 .. Rcpub Iren ft Steel. 7714 .. Rep Iren ft Steel pf 93 ft .. Republic Meters ... 10 'j .. Rwjneld St ring Ce. . 46 3 Reynolds Tebaccp B 46 Jj 7 Re nelds Teb pf ..113ft 20 Royal Dutch N T.. C4ft .. Rutland pf 48ft .. Santa Cecelia Sugar 4 . Saage Arms 19 1 St Jeseph Lead .... 15ft .. St Leuis San Fran.. 30 .. St Louts Southwest 31ft .. St L Southwest pf.. 49ft . . Seaboard Air Line .. Seab Air Line pr. .. Sears-Roebuck . , .. Seneca Copper. .. . .. Sinclair Oil 6 Southern Pacific . . Southern Rail . . .. Southern Rail pf . . Splcer Mfg Ce . . 814 12ft 80 1354 36 92V, 24 56 14 20 ft 4 Standard OH of Call 16 !4 6 Standard OH of N J 190 14 7 Stand Oil of N J Dfl14 .. Sterling Products .. 48 3 Stewart Warner Spd 44 .. Strembcrg Carb .. 54 7 Studebaker 124 . . Sub Beat Cerp .... 6 14 .. Superior Oil Cerp.. 714 . . Superior Steel . . . .. Snects Ce of Amer . . Tenn Cep & Chem 3 Texas Ce .. Texas ft Pacific. . . 35ft 3 12 49 ft 33 4 Texas Gulf & Sulph 47 1 Texas ft Pac C ft O 29ft .. Third Ave l'4ft 6 Tobacco Products .. 79 ft 7 Tobacco Pred pf . 106 . . T St L ft W ctfa pfB 46 .. Transcontinental 0:1 19ft 2 Twin City R T 49 ft . Union Oil 23 10 Union Pacific 140 4 Union Pacific pf . . . 74 i .. United Alley Steel. 38ft .. United Drug 80 .. United Rwy Invest. 15ft .. United Retail Stores 70 54 .. U S C I P ft Fdy... 3414 ..US reed Products b .. US Heffman Mach.. 25 .. U S Ind Alcohol ... 59 7 U 3 Ind A.cohel pf 97 ..US Realty & Imp.. 7254 . U S Rubber 64 ft 8 U S Rubber 1st pf.104 ..US Smelt & Ref... 45ft 5 U R Steel 7 U S Steel pf 2 Utah Copper , . Vanadium Cerp . . . . Va-Car Chemical . . .. Va Car chem pf. .. , .. VIvaudeu Inc , . . Wabash . . Wabash pf A . . Wabash pf B 2ft Wells Farge Exp . . Western Maryland. . . . Western Pacific . . . 6 Western Pacific pf . 7 Western Union Tel 4 Westing U ft M . . . .. Wheeling & L K. . . . Wheeling & L B pf 2 White Eagle Oil .. .. AVIute Oil Cerp. .. 101 V 119 54 9 49 32 70 12 13ft 34 23 ft 77 12ft 22 6154 9754 fc3 12 2414 26 ft 9,'( .. Wick Spcnc St Cerp 19 .. Wllls Overland .. 91a .. WII1h Overland pf 42 . Wilsen & Ce . . . 44 14 .25 Wright Aeie .... 8 a J4 jaaterdaj Thus far this .ek. 7 003 60i) eharei NEW YORK COFFEE lfi-10 per cent. European exchans'"- V.? Open 0 'i lllkh Lew tedni us felt: It ill Tuna luK Aur 10 3 1 ("17 10 'Ji! ! b4 '(I 81 U ST 10 .Ml 0 hi Uiiinnnliin, (b:li ; Serbian ZWHCI-niniUltiatt. l.W-'S; dURO' (VI .nv l)w .l.in. fill Mar April Hid timer:, 4.1.i. hid 0 1'JftS II ,11 0 47 0 4(Vrt 1.1 1 Nominal V '". "t .ill. COTTON MARKET Prev ! MVj H 10 fl,3 h On 43 n,n n.4'4 da.US l'lea Open Ulh July 20. S3 20,61 21.00 QUtT.TO.V8 2(1,44 20. (IS 20,73 20. 2?,..l UJ.uu u.r,4 H Franca Lira Guilder,, U !. , , . . nc, .... Jan. !,, PRICES STEAOV IN THE LOCAL MARKET Wide Interest Centered in Elec tric Storage Battery Divi dend Action Today's Net Cloae Chse. 45 3354- C6ftT 154 115 - ft 11354- 3ft 16 .. 134 - 54 1E84 ft 514 14 87 1 B0 1 17J4 14 21 54 54 74 52 39 54 4 63 37 1ft 3454 54 34ft 54 37 - 54 72 234 54 11854 1364 4 30ft 15 ft 41ft- 54 134- 54 194 .. 42 ft r ft 23J4 .. 57ft- 14 714 - ft 108 .. 24ft- ft 32ft 4 14454- 54 118ft .. 41 !4 2ft ..4 464 914 4 9654 1 14ft- 4 754 154 18 ft 67 ft - ft 91 54 034 ft 3754 6114 1 Although net large In volume, trad ing in the local market wan bread nnd fairly active. Price changes rcre un important, but the majority closed with substantial fractional gains. Pennsyl vania Railroad was In geed demand nnd made the top price of the week at 42. While the dealings were only In odd lets, U. O. I. enme te the front again, advancing te 40. Philadelphia Kapld Transit was well taken et 33 Vi. which Is 1 points above the law price made after the publication of the city's val uation figures. Union Traction en small offerings lest , nt 42. American Stores sold at 120 in the early trading, Inter shading under that price. Elsen Elsen lehr featured the inactive group with a rise of 2 points from the previous sale te 05. Disappointment has been expressed because of the apparent failure of some of the local stocks te fellow up the for ward movement which prevailed some weeks age. If the current constructive movement in the security market is te be maintained, nnd it leeks as if it would at this juncture, the local stocks will be taken up again when the time is propitious. The sudden revival of specu lative Interest in T7. G. I. this week Is a fair sample of what may be ex pected and what can happen in ether parts of the list. Nothing has developed that is net entirely favorable, en the contrary all Indications point te a grad ual and consistent betterment of posi tion of nil the local corporations. Within the next two weeks, one very interesting dividend question will be settled. 'Jjhnt of the Electric Storage Hnttcry new stork. If the ticker can be accepted as a criterion, nnd It Is usually n reliable barometer, In fore shadowing events, there is every prob preb billty of the stock being placed en a $4 dividend basis. This would be equi valent te 10 per cent en the old stock. It would be telling no secret te state thnt the management had in mind an Increase In the dividend rate te 10 per cent before the recapitalizatien plan was ngrced en. The company's business, It Is known, has shown a healthy increase within the last five months. If the optimistic predictions concerning the meter Industry are fulfilled the plants will have mere work than they can con veniently handle Including the new ex tension. 334 27 54-107-654 44 8ft 77 -12 - 3 - 0 19 54 14ft . 36- 9 . 70 614 15'4 7 -42 t9 78 H1 ft 39 ft '4 85 - 1 53 J- '4 1914- 54 38 - ft 10 54 ft . 62 1 25 ft 88 ft ft 20 77 106ft 79 J- 2 47 122J4 1 44 K 32ft 4 100 14 104 17ft- ft 814 54 54 - 14 5354- 1 36 2ft 35 . 76 2 93 ft 5 10 - 14 46 -1 J,, 46Ji 11314 U 64 48ft 3 4 J 19 15ft 14 294- 31 ft 14 4914- 54 8 1254 ft 79ft J 13ft- i4 36ft 4 92ft 24 .. 56 - y3 19ft- 14 H5- 14 190 2ft 114 14 48 i '3ft J4 54 r ft 12414 1 ft 6ft 7 14 ft 3514 . 3 12H-T 49 4 C3 - 1 7 1 29 4 5. 4 t ft '954 3 106 3K 46 - i4 194 14 4914- 23- n 140 -, 7414- ss', : ft 80 h 1 15ft- 70' 4- 34 14- 14 !4 r ft 25 f- Vt 9 J- 97 - ft 72 ft yA 64 H K 104 j4 45 i4 101 U9ft- fc8 48 31 ft - 69- 14 12ft .. 13ft- J4 J314 .. 23, '4- yt 77 1 '214 V 14 22 01 J4 j. i4 97 ft . "Ji I 12 24 f 26 ft r i4 9 ft '9ft i ft 9ft i 42- 44 12 u?4- ft Philadelphia Stocks Net IlUh I.ew der cbs 120 Am Strc.120 110 111) 10 de pref..l50 159 150 .. 40Ani8&U 231- 22Vj 22Vj4 70 Am Rys pf 41 Vj 41 Va 41 Vj. . 45tAm8umat 42V4 42 Vi 42164 SOf Am Weel. 03 03 03 If, 30.". Gen Asph 05 Vs 03 05 130 Lake Sup 11 11 11 115 Leh Nav. 75VL 75 75 lOLeh Vnl.. 0Cj OOVs 00 50TManhntt'n Shirt.... 30 25tMldvale.. 41 Vj 00 O Elsenl'r 05 541 Pennn It It 42 25 Penna Salt 72 Vi 39 30 411? 41 . 05 05 2 a E 7214 "2 ra- 10 Philn ins Wire ... 30 SO 30 50 Phlla & W pref 33 20 Phlla Ce cum pf.. 30 390 Phlla Elec 29 225 de pref. . 20 020 Phlla It T 33 40Itndie Cor 5 100tHe nelds Teb U... 47 50tReple Stl. 35 200tReadlng 2d pref.. 54 lOOtlt.vl Dutch 04 OOToiie P.cl.. 1 50 TTnlenTrac 42 458 V G I 40 300 de pref. . 53 lOOtWest Pac 22 SOtWillys-Ov 0 200 Wnr I & S 8 00 Yerk Rwy 25 33 33 30 20 20 33 5 30 . . 9 29.. 33 C 14 47 47 1 35 35 U 54 04 1 41 54 au 41 40 41) 53 53.. 22 22 9 9 SA's 8 or. 0.1 Total aates, A093 shares, compared with PT44 shares yeaterday. Thus far this week, 63.710 shares. tNet chanere madn by comparison with laat aale en New Yerk Stock Exchange. Tini.ADEI.PinA BONDS 100 Liberty 3d 4s '28 09.50 200 Liberty 4th 4M '38. .reg 90.50 1000 Am Gns & Elec 5s 85 (100 Am Gas & Elec 5s 82 500 Am Gns & Elec 5s 84'', 1000 Am Gas & Elec 5s 85 5000 Am Gas & E'ec 5s 850! 5000 Keys Tel 1st 5s 81 1000 I.eh Nav Cens 4s ... 04 3000 Philn Ce Cens 5s 81 1000 Philn Elec 5s wi 09 3000 Phlla Elec fls 103 Total $21,500 compared with $22!), 700 es ttrJa. Thus for thjs week, 11,187.030. NEW YORK BANK STATEMENT Excess Reserve Increased $13,101,- 900 Expansion In Leans and Deposits The actual condition of the New Yerk Clearing Heuse banks nnd trust companies for the week shows that they held $18,023,440 In excess of legal requirements. This Is an increase of $13,101,090 from last week. Leans nn 1 discounts show expansion of $9,100,000 for the week, nnd demand deposits in creased $15,181,000. The Increased liabilities was offset by a gain of $14, 837.000 in reserve credit at the Federal Resenc Hank. Details folletf : AVF.RAQR Thla week l0.8R7.ir0 Last week KI.32D.nB0 Kxctss reserve Aerrcate res riUi.U7l.oeo .',71,049.000 Leans, etc 4 O7t!.7O2,(J00 4,634,384,000 Ctfih In vaults an I nrnmb tks Ul.H.'f.OOO 61,887,000 Rccrvi In m"m tr tmnks & re st rM bank Hcsitne In Stall bmks nnd trust cemiianlH Herve In Stat bunks nnd trust cempuny dfpiM terles Vpt demand de M3, 740,000 852.804,000 7 801.000 7 772.000 10 430,000 10,473.000 posits 4, 178, (ISO 000 4, lft2 051,000 Time (letMHIU 31ii,.ilH,ngii aio.&lfl.neii Circulation ii.uiti.uuu I' H deports 'ipJuct-J 114,408,000 ACTUAL This week Kxcess re $18,621,440 A.-n- res K76.842 000 4S.H72.0OO 34,673,000 Last week f.1.A2l 4S0 net. 787,000 MARKET Leans, ole .. 4,003,047.000 4,084,841,000 Cash in vaults A mem. banks 01112 000 60,343,000 Ties In niftn bks & lies banka US, 395,000 D43,8B8,000 rtserve In Htata lika A tr ces . 7.i02,000 7,778.000 Reserve In HtHte bks & tr co dps 10,745,000 10,4,11,(100 Vet Jem deps 4,202 882.000 4,187,071,000 Time (lepes'ts . 317.008,000 310,033,(100 Circulation . 34,BB0,O0O 34,714,000 U I). 'lP" '!'' 41,035.000 41,600.000 Today's Range In Liberty Bends High Lew Clese Mb 3j 100.00 00.04 09.08 Lib 2d 4s 00.74 00.74 00.74 Mb 1st 4Vi .... no.eo ari.oe 00.00 ' l'M I iuuu tu :i t 110 31 10 3T 1 10 i2 10.07 V TnftUD Ii. (st in im tu ftS U 47 18 t 44 tU M 0 .1-15 33 D 71 U.r, it M It 411 sua TV UJ T.nw Clera .OOM0: t!0.N7 21,00102 Li.ib at 4s v . . . oe.rs iji.hu noe,8 i.ib 3d m :.,,, iK).o(il),e3 mie .'.rt 19. .Mfjan ns Mavtu MAY 27, 1922 NEW YORK CURB UtDVBTMAJJi , 7800 Acme Ceal 1 H 4400 Aetna l'acklnr ... B8e Arc Rsp'e 7s 2.... 100H tee Amar Urtur ...... 200 Amer Writ PiHr 1.... 1004 4.,,. 1004 8.... 100 ft.... 100 City of BargM .800 Am Hawaiian 8 S M uuuu urit'Am Teb coup. IT1 buii uunay uuas 700 Ohlcase Nipple , , 400 Cleveland Aute . . 600 Columbia Kmerald. BOO Continental Moter. ss rcis 2..., Ill 3.... lit joue uuean mm Huar. is BOO Daniels 14 . 200 Derl 20)4 100 Durant Met Ind . 18H 2800 Hudsen Meters ... 21H 400 Dublller 84 400 Olen Alden Ceal . , T2 BSOIIIette Sat Rax. 214 800 Qoedyear Tire ... 18 100O Oeldwyn Pictures. 8 200 Hecklnc Valley ... 8 100 Hudsen Ce pt .... 19tt 200 Hudsen A Manh'fi 14H 100 Hudsen A Man pt. 80 100 Inland Steel B8, 800 1 n T v t 81'4 30O Inter Clrar 4ft., 100 Inter Rubber .... 8H 20 Lehlih Valley C S 80., 800 Llbby McNeill ... VA 010 Lincoln Meters A, 2,, 2200 Mrcar Meters ... 4J4 800 Mercer Meters v t 4H B00 Moen Meters 10 400 NUtlenal leather . 0 10 N 3 Zlne 144tt 100 N T Tranapertat'n 80 200 Packard Moter ... 16U 20 Packard Moter pt. OOji 100 Perfection Tire . . . 8W 100 Philip Merris, . . . . 51 100 Pub Service pt ..10814 2600 Radie KM 2800 Radie pt 8 SBOORee Meters. 7 000 Seuth Ceal Iren. 74e 2200 Tobacco Pred Bxp. 8H SOOOTrlangl Film .... 6.4e 1O0OU S L A H....... Iff 200 U 8 1 A II pt.... 1H 1000 U 8 Steam 10e 100 V Frent Shar naw 8Ji 800 United Hat Candy. Jtf 200 Wayne Ceal 3 1100 West End Chem.. 74a STANDARD OILS 700 Ansle-Amer Oil ... 21 U 4000 Atlantle Lobes .... 12H 3289 Imperial Oil Can.. .13 10 Ohie Oil 80S 80 Prairie O A Q....680 120 Seuth Penn Oil ...228., 27700 B Oil of Ind 118H City Barn Bs 2.... 112 City Burd'x Ita a 89 0 87 City of Copen hattn 84a 1 924 City Lyens Os a 87 1 89 C Perte Aleire !.... 1024 ciy rie am Ja nerle 8a wl i 108 2..., 8...' a... 8... 1... a... l... 1084 1084 1084 108 108 108 1034 a Cty Sae Paule 8s wl 1.... 108 CMohO'Stevak Rsp'e 8s wl 7 S74 8..... 1 I.T.. . 7(sale) Kflat) 4 1 2 074 974 074 974 974 97 97 J? 08 City Zurich 8s 1.... 113 Denmark con ct A 81 a.... Mie 10(aale)1104 Denmark ces ct B Si 2.... Ill Dept Seine 7a 1 984 6 034 D Canada '28 1 9K SO 904 D Canada '20 4.... 1004 1.... 1004 D Canada 1 2 08 8 984 7(sale) 084 2 08 De Can '82 wl 24.... 100 1.... 100 10.... 100 18.... 100 Dutch E Ind'i rcta '47 8 954 1 934 Dutch E lnd'a rets '82 3 054 7 954 12 054 7 0B4 1 034 Geve't French n 74a rcta 1.... 101H 4.... 1014 1.... 101 4 1.... 1014 1.... 1014 1.... 1014 0.... 1014 1.... 1014 Sltt 12 113 80R 680 220 114H 4800 8 en or Ky W 1., W4 110 8 Oil of N T. .412 .443 410 436 80 Vacuum Oil INDEPENDENT 009 400 Arkansas Nat Oaa. 11 ' lOOOHIs Indian 34 1 8000 Roene Oil 2e OBOfl Bosten Wyemlnr . . 8S I 8600 British Central.... 2 A, 230 Carlb Pyn 8H 10 Carlb Vn Tradlnr 11 : 283 Cities Service (eld).28B 2! 400 Cities Serv S ctfi 28 Vi ' loe Cities Service pref. 6ft I 200 Creele Syn 8l lOOOCushlnc Pete 8e BOOO Engineers Petrel.. SOe 4200 Federal Oil HI 2800 Fensland 18 800Ollllland Oil ..... 6Vi 4400 Olenreck Oil .. . 1 1A 2000 Hudsen Oil 26e 860OOInt Potrel 23is : SOOKlrby Pet 10. 300 Livingston Pet ... 1 101)00 L j ens Pet 1.12 ( 1400Marland Oil Mex.. H 200 Miracalbe Oil.... 23., ! 100 Marine Oil 1 L'OOMerrltt Oil 12Vi 4000Merldan Pet 1200 Mexico Oil . 8SOO Mexico Seaboard. 464 17H nH 64000 Mountain Product 4000 Mutual Oil 100 New Mex hand... 2H 100 New Yerk OH 28 8000 Keble 82e 20OO Northwest 'l . ... SOe 2UO New Knsliuiu Fuel 30 1800 Omar Oil li 100 Pennek Oil nli 100 Penn Mex 87 SJOOSalt Creek Pred... IDS 4000 Salt Creek Cen... 14H 2000 Saputpa Ref 4ft 400 Seaboard OH & Gas ltt 200 Slmms Pet 10H 4!M)0 6kelly OH OH 4100 Southern Pet A Ref 40c 1 000 Southern 8Uln . . . 21 2000 Stanten Oil 88e 100 Shell Union 00 13100 Texon 95c 200 Turman 1A 1000 Western States. . . . 40e BOO Woedlcy l.'.S 200 Wilcox Oil 0 4100 Y Oil u 20c MININO Qeve't F R 8s 1.... 108H 1.... 1034 1.... 1084 1.... 1084 1.... 1034 10.... 1034 7.... 103 7.... 103 10.... 1034 era Trunk i Can fls ret 1.... 1084 1.... 1034 Or'd Trunk of Canada 7s 1.... 112 4.... 1124 Jap Oeva't 1st 2.... 014 Jan Gee't 2nd 8 89 2 804 Jap Ceven' is IB 77 1 79 K Belgium 0s 2.... 1024 5.... 102 6(ale) 102 K Bels-m 7 4s 1.... 108 2400 Alaska B Columbia ft VI 4000 Amer Commander IO 200 100 Am Exploration ., 1 his I'-are zae Ben Alaska 6e 1200 BOOO 20800 4000 13000 1000 3300 8100 COO 100 100 1000 6000 BOO Best A Ment 20e Best A Ment Cena. 84e rated Mlnlns: .... 10 Candelarla Mln . SOe Cem Fraction ... 2c Cens Cep Mln.... 1H Certez Sller .... 97e Cressen Gelil .... 2Vi Doleres Esperanz.. 2Vi Dundee Arizona . . 57 Emma Siler .... 3c Eureka Creeaua . . 27c 2& 2 B7 t 37 8a 3c First Natl .Mlnlns. 73c Galena 32e 100O BOOO 3000 8000 loe 200 40200 100 BOO 17000 1000 700 31900 ajoe 3SO0 1000 2000 200 me 100 10OO 1000 1000 22200 40OO 6000 160O0 3000 100 200 1800 100 1000 . 100 3000 1000 000 700 2100 500 Ureen Monster ... 2(1 Hard Shell lbe llarmlll Divide ... U Hecla Mlnlns 04 Howe Sound 3H Indept Lead '(5c Iren Blessem 22c Kerr Lake 3Vi Iinn Star 6c McKIn Dar 20j, Magma Copper . . 21 H Marah Mining .... 20e Mether Lede Clt... 104 National Tin Oe Neada Oph'r .... S4e Nevada Slher Hern 10 Nlplsalng 6H Magma Cep rlghta. 1 New Yerk Hend... 74 Ray Herculea .... 2c Ray Hercules 2 San Tey Be Silver Dale 89e SiUer Hills of Nev fle Seuard Mln 10c Success Mln 13e Tonopah Divide . . 77e Tonopah Ext lti Tuolumne 80c r S Cent Ble Unity Oe'.d 84 United Eastern ... lri United Verde .. ..20 Volcano Mines . . . BOc West Utah 2 West End Cen .. t4 Yuken Oeld 100 Teck Hushes 50 White Knob pref. . 70 BONDS 8.... 1084 8.... 1084 K'g Bsls'm Ks 1.... 1004 1.... 107 Kingdom Den mark ct 6s 3 004 00 004 1 6 1 3 a Kingdom 004 00 08 Den- mark ct 8s B.... 110 1.... 110 3.... 110 2.... Ill 4.... 110 K Italy 64s 1 0B K rf Nether' Isnds ct 6a 3 (flat) 07 BOOO tfiOfl 2"01 BOOO L'UIMIO 20W) BOOO 10(10 lnne 15000 1OO0 7000 4000 2000 10OO 4 000 1000 20000 Allied Packera 6a. 61 Allied Packer ctfs. 03 Allied Pckr Sc. . . 08 Am Light 6s 1074 Am Llelit fts W W.lflO Si's H3 my. 1074 100 iei ! KU4 104 044 104 081 H7 102 10OU 00 1, 004 01 07 00 100 094 1(124 100 1004 10fl 101 tem; 107 1071 011 81 63 VS 1074 100 100 mh 1034 104, 044 10i 102V (1 8 07 102 100'i (.11 JC r.04 en em, oe 10) 004 Hi J 4 1064 1004 106 -ii 101 1084 107 107 OO'A ,?H Amer Tel 4s 22..10 Arner Tel 4 i Anaconda 7s 24. .101 20.. 1031. Armour Ce ,s ..101 All Olf A V I Be. 111 Beth Steel 7s 23.104 Hrth Steel 7s '81.1A2Tt Can Nat Ry ee. Ss 98. Pens Textile 8s . 07 Cen Expert 8s '24 102 Fed Ld Bank 4'ia,10()li Ooedrlch Tire 7s . 88'J Inter Great Ner Ss fll'i sone BOOO roeo 3000 10OO ioeo 1000 KsiO 0000 2000 70O0 22000 00O0 111001 1000 2B0OO 2000 10OO0O inttrbore Ms .. . . in Kings Ce Lht 64 a fiftV. Nat Acme 74a .. 07; N X N II A if 7. . 00 Pub Serv N J 7a.lll0i Ttebt Oalr 7s OflS Southwest Tlrll 7s. 1024 SONY 7a 1027.10011 Stewart War 8s., 100 '4 Tel Edisen 7s ....106'i Union OH Calif Os.lftl Unit Pred Oil 8s..l0Si, Vnciium Oil 7s. ..107 Wtstern Elec 7s 107i Argentine 7s . 00U City Eltierfeld f.s.. 5i City Hnl-sina Os.. 85U NY NH & II Fr 7s 74 7 20 13.. .. 10. 4 . . 3 1. B . . 14(sale) 10 18... . 1... . 3 0 1 ... GRAIN MARKET Corn Cern May .. . . July . . . faerfmber Wheat May . July . September Uatk May July September Re May . .110 .ua or.'. .60?, .63 ( .63, .60 .65 12?, 1.20L. 1.20 054 1 1.224 1.22'i j, 1.18 1.18U0 4 1, Queana'd 8s wl 1.... 101 27 4 22'4 10VI 8 . 1014 2. . 101 a ... 101 .374 .384 .30', .37 :8jh 7 . . 101 Rep Chile '20 4. ,. 108 B., . 103 3.. . 103 Rep Chile '41 ft ... 105 1 02 Reserve Banks' Discount Rates Official rediscount rales at the twrhe Fed eral Reserve Banks are as fellows. 2.. . 104 uem'i HVr. Paper Accent. n.... lea 2.... 10ft Ren Chile '49 8.... 105 Bosten . . New Yerk Philadelphia ciexelHnd . Richmond Atlanta . Ch'cage, St, Ieuls . . Minneapolis , Kansas City Dallas San FranUsoe 8 i ill 4V s 44 44 4 4 Stale of R O'e Du Sel 8s 1.... 102 8.... 101 BwlU'd Cen 8s 3.... 117 2 ... 117 U K Qrt Brit ft ft ft ft 4 4 44 A I'd 1022 BANK CLEARINGS 10 ... 108 I ... 108H Bank clearings today, compared with same day laat two veara: . 192J 1S21 1D20 Phlla.. 16,000,000 7,,,, Bosten. 52.000,000 u, Tork. 73i.8jo,i)eo , ::,;: O ,, . UN U K Ort Brit A I'd 1020 1..,. 101 1.... 108 2. j,, 108 ft..,. 108 i i r AR SILVER ,u n. uri urn arciMTf. j reas. ..id ctf,. Bends 44 44 4 S 44 4 4 44 44 44 44 44 44 44 44 ft ft A ft . ft ft . 44 44 NEW YORK BONDS tSALES IN I1A00) Hud A Man fd N Tk Light II 2,.., 1024 Chicago Mil 1 88 Pwr 4a 10.... 10.4 6.... 1024 10.... 1024 8t i 41 " t 04 1 804 2ft 804 1 SHU 1..... 82 U 1 884 In Tk Light H S 834 Hud A Man In 3 ai it 1 . 1. U 8 Braill Ms Chlcase Mil A 9.... 1WH 2.... 108H 1.... 1054 B.... 102S a.... 10ft4 7(sale) 1034 HTL StP cv 4 4a IS 70 80 01 N Tk N II a n 88 10 flatt H 84a B4 1 (aaJ.,1 it Chicago Mil A StP fd 'i 2 654 1 684 4 684 8 68 8 64 IN Tk N It a 1 04 a mu H 4a '89 1 1034 103 106 10BH 1084 108 1084 1 B0 Tk M U Ilia Ct'l 4s 'RnlN a.... a.... 18.... 8.... 1.... 1 81 1 81 Til. r.Mi ,, Hart'd fls l 1 83 Chicago Mil A StP gm 441 3 83 1 86 1 81 ., wet ui ei 10.... 110 New Tork e a Info Mat 44s Weefn 4s a isu 1 van tr a Mexico -u Chicago Mil a be 4 094 St P cv Bs 0 16 M Tk Rlys 4s 1. TB 1 16 10 18 J 16 8 10 6 18 1 1B IB 41 U B Msxlce 3s 3. 1. 1. 7B 76 78 P fd 81 am P 4s 88 5 41 1. . . . At 1 604 a 994 8 99 4 68 cn I A V Tk Rlyg Bs l. l. 4 18 Am'n Are A 3 16 3 18 Chm 74f 1.... 102 Amn S A R 81 a 98 1 98 c R I A Int M ct 44s v V Rva ct Ss 6.... 3 7(sla) 3 10 5 11 83 884 6.. 21.. 1(1 in 13 10 10 Naw Tk Susq wn m 3 (flat) 884 7sle) 814 1 KO American Bug 1... 0... N T Tala'a '41 Rat's 8s Chicago Bt P'l ft..,. 105 1 100 1004 1004 M A O cn tntb'e R T fd J.... 104 8.,.. 3.... ft.... 10.... 7.... 10.... 8.... Ut f IT.... 10 93 8 1 1 1 6(sala) 8 B 8 11 1 8 704 10 94 704 NT T,1,' ' 1004 100 100 100 1004 Chl A W 1 4a 1lu 3 74 8 74 2 74 7 744 1 74 N Tk W C A 704 704 70 Bast 44s 2 T; 3 87 , 674 12 flii ... 70 . .. 70 ... 70 ... 704 . .. 70 Agr'c Bs 100 100 C A W 1 7 Amn T A --. . . . . .,, -, 'J-eitl .... JOZ'4 ma r pwr fts 2 90 1 91 3 90 1 91 1.... 1034 Chile Cep'r 6s 1 91 3 01 8 91 1 en u Iht'l 2. Kettt B'n h fts 70 1 Ml. I M Marine fls Nfk A Wn 4s A Tel A Tei ft. 1. 1 67 li 07 1. 97 1 914 974 " "4 07 8 01 07 Chile Cep'r 7 07 12.... lOfltt N A V cv 11! 1.. 3.. 4.. 1.. 07 074 074 074 9. 1. 10. 8. 1.... 108 1.... mau N A Edlse Ca 0a raia 1 02 2 001 3. 074 Amn T A T tig 3 98 Int'l Pap , Bs 4.. 1.. 10.. 1.. 1.. 118 CNt 44a'B7 1 864 Int'l Pap b 6 113 4 1184 118 118 4.... 105 North Western C N Tk 4s 'M 3 004 3 904 3 004 3 084 a. Bell Tel 7s 1 inau an B... IB.., B0... IB... 80 80 4 86 ,88 Amer W P fls 1 88 1 83 A T A 8 F 4s 1 80 6 88 Atl Coast L 4s 1 88 A C Line 44a 1.... 102 Atl'e Fruit 71 4 444 6 44 1 44 4 44 1 484 .V Ohie Trac A Light fls 10 97 8 07 CNT 4s'6S 3.. ft.... 109 87 C C C A St L Invincible Oil Cerp'n 8a 1 08 Iowa Cant' I 4 1 48V Ser A fls 1 09 1.... 100 1 094 N Pacific R U 8 N PacMe Clara S L 44a Jullua Kayser 2 nt S Paclfle R 81 1 984 A Cj 7s rets 'Pwe-Av Cole A S'n 4s 2.... 101 Kan C Ft S A Mmp 4 a 4 78 Kan C A 8 8s 1 68 Kan ctng. 1 Tit Ont Pwr Nlas 1 03 S..r.. 98 Falls Bs IK MU Columbia O A Oregon B L 4 Elee lat 8 Oft 3 05 J 91 B 01 18 OIU Atlantle Raf'g ct 64a 4.... 103 C Tab A R 6s Oregon 8 Lin K C T Rly 4a 1 au A Powder 74s 3 09 1 00 ruar'd Bs 1.... 1074 3.... 102 Kelly Bprlng'd Rait A Ohie cv Cen'd Ceal Ce 1.. 1.. 3 82 1 82 8 814 of Md Si 1 87 1 874 lira ss 4.... 108 3.... 108 1.... 103 Lack Steel 'SO 1 01 1 014 3.... 1024 Bait A O 84a Cens'd Gaa 7a 1 N C I'... Ce ct 8U1 1 034 1.... 117 814 Bait A Ohie 4 s Cuba ASH 1 89 Bait A Ohie fts ft 89 1.... 106 6.... 103 81 1 004 Cuban C 8 cv 81 Bait A Ohie 0a 7(aale 106 S'n 4a '81 1.. Cuba, C's Sug 100 102 B 92 10 03 2 ?U 1.. 1.. 2.. 2.. 08 8s sta B 10(nle) B 1 00 "J 1.... Mill Lake Shere M 0,j. 7..i ,.J? Tlade 81 L A 5.... 102 Trl-cVlr'niV 84 84 00 "84 00 B 07 83 R Ba 84 Lefclgh Val fls 1.. 07 B A O P L E Cuba R 1. 102Pc"TaVATsl Lax Avenue A W Vt, 4s 8 70 1 3 6a rcta 84 Pav Fry fts 8 7(sale) 04 04 04 . 8 484 L L Myara Bs B A O Tel 4a Cuba Railroad 1 084 1 84 1 98 Ce 74a 1 85 1 974 04 Del A Hud cv L. """''PM'ii 44 Barna'dll Cerp 1 07 1.... 103 1 11flU 1. 01 Leng lid R fd t Bs 1.... 10B 2 3 7(sale) 3 0 18 01 00 00 00 01 01 D A Hud B4s 1 784 Bell Telephone 6 1004 784 L lid R Ss of Pa 7g Del A Hud 7a 100 R O fd . 40 . 40 . 404 87 1.... 1074 6... 2 82 Beth Steel fls ptn A Le c Lex 4 4 1 08 1... 6. 974 V I" 71 7 (II N e MPnVi R R B. 7. 01 Brad'n Cep M 8... 7... Cemp'y fls 1 OS 14 00 6 084 D A n O 44a Manatl Sugar 00 004 904 004 Bread'y A 7th 3 834 Ce 7a 2 100j Man Elev'd 4i 7.. Avenue cn Den A R O Bs 8 634 1 82 8 82 7. B Edis'n D 7s 6 68 Ma2st S' "'" Penna" R 6 4 s' 6.. 00 1.... 107 Det Edl Ce fl B Rap T ct 7s 1.... 1024 6. .. 1024 B Fran lat 7 10B 14 84 25 84 7 00 1 00 6 0 5 00 Penna R R 7s Det U R 44s 2,... 109 2 100 60 84 fl 88 B Rapid D Match 74s T 7s Panrl. A E In 1... 1... 844 2 108 1.... 1074 1.... 108 M Oil rcta 7 4 1 84 3.... 105 Y Phlla Cnty fd Bkn Rap Tran 105 u 07 ct 7a sta 3 81 D de Nemours Mex Irrlg 44s 07 074 Pwdr 64s B 4BH 8 814 10 80 1. 1074 1. 4B phlla Rlys 4s 2... 1... 107 107 107 1. 40 B.. 554 2..... 81'; Mex Per'm 8sp,er.V Oil 8s Buffalo Rech'r 1. 1 1074 101 A Pitt 44a Due. Light fls 1. 1?04 pit cin Chl A B 004 r.... 103 1 1064 7(sale) 109 St L a. Ss Bush Bld'g Bs Mid S A Or 5s .. fl4 8 004 1 004 Emp Gas A F 1. 1. 01 Pertl'rf Rwv A 74a rcta 1114 OIU L Si 42 Canadl'n Ntbn 1. 084 084 084 08 10. 4. 80 64 rcta 4.... 113 B... 6... ... Mln A Bt L 4s Perti'dRwy A 1 474 Lurht 74a 1.... 1114 1 47 M A StL cn as B 814 M A StL fd Bs 1 47 M StP A B 6ts Marie Ss 14 00 2.... 100 10 00 M K A T ai wl 1 10s 1.... 111 10... 084 Pre A Refiners Cana'n Pac 4s Erla Oen Lien war'd 8s 7.... Ill 10.... 110 AfaalalllOS 2 78 1 854 1 (flat) B34 1 83 1 55 1 534 3 78 2 70 Ctl Paclfle 1st Pub Serv Cerp 4 87 N Jay Bs 1 834 C R N Jay 5a Erie R R cv A 2.... 107 3 52 1 82 2 .... 52 2 524 8 E24 1 83 Cere da Paa'ti 1 884 Cep'r 8s 6.... 123 10. 57 Reading Ce 4 0... 18... 1... 6... 30... 6... Me K 87 87 67 674 574 B7 ; T 4 . 82U 1 85 1.... 1234 Rep'e I A S Bs l.... IZ4 fl.... 121 Erie RR cv B 1 DB 1 05 1 -82 2.... 1234 Erie R R cv D Reck Il'd A 3.... 123 1 87 : A Ohie 4 4, 7 87 1 ft7 1 B2'l 8 B7 B 57'i B 67 U Leul'a 44s 2 81 7 (sale) 81 1.. M K A T Bs wl Rie a A w 4s 3 .... 03T, C A O cv 4 4s Erie RR Ce 4 s 1 83 MK AT 0s wi 3 78 2 (aale) 70 " 8. 64S B. 06 St L I n Mt & 88 88 Erie Jer 6s Me P 1... R R 4s 644 S Rly Bs 1 07 a., s.. 05 03 4 054 cv Bs 03 V 04 04 . nt 04 2 68 2... . 64 2 64 St L A 3 F 4.. 12.. 70 Flsk Rub'r Ce 18... 40... 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Significant historical Pennsylvania newspapers