The evening world. Newspaper, April 25, 1921, Page 13

tock market prices showed a sharp ard tendency axain to-day. Spec- ive optimism was further in- sed by o number of favorable ievelopments over the week end, and here Was: convincing evidence that rhe generat trading public is becom- (9 More active In the rearket on the yuying side, ; ‘Banking houses reevived private | vablea supporting newspaper des- ff matches to the effect that Germany P spiotter to pay an indemnity of 1G 9P9,000000 gold = marks, = which itched over a forty-two year period ), with interest, reach a total of 126,000,000,000 gold marks, These od- vices not only contributed to the fcapngth shown by tho stock market, yut did much to further improve the ‘Orbign exchange markets; Demand stgrling touched $3.95 in the forendon, rt of last year. The Federal Reserve Bank state- nents issued after the close of the we Sarket on Saturday were so favorable 4, Apat discussion regarding a probable ‘ut in the bank's discount rates was nstantly renewed. The reserve ratio of the Reserve System as a whole igure since th ly part of 1918, Announcement was made this morn- (Me that the price of Pennsylvania ‘rude of] had been jumped again, this fime 25 cents o barrel, and this was mumediately followed by the néws that ther grades of Eastern crude had asen Increased from 15 to 20 cents a parrel. "h, These highly constructive develop- * “fnénte did much to further dissolve 78IARS cloud of pessimism which has * Qen enveloping the financial district “ad the business community gene “aly for many months, Such vigorous \ Wnying of stocks was induced that “‘eh@ling speculative favorites -were wari ué@e to register advances of from ae to more than four’ points con +. @ared with tho closing prices of | week. Motor and oil shares again acted ems leaders. Studobaker was pushed 4-peto @ new high for the year at sd*299-% Chandler rose nearly three *s goints, while Crucible, “Mexican «Petroleum and Sears Roebuck ad- %o @anced from three to four poinis. At << the same time gains in the ice »i-eomtile industrials averaged a point Se otemore, vor Particular interest attached to the pevements of United States Steel be- “Sinse of the fact that directors meot «-morrow to act on the dividend and sthat the quarterly statement of earn- whee will be made public at the sume 4ectime. The fact that this stock was able 4» 4 work up a point to a new high for vwsbe present movement did much to #goatinm the opinion that the state- wey agpt will show the quarterly dividend ss Sfned with a comfortable balance to cedbare, and also did much to accentu- e-abo uneasiness in bear ranks. ‘The railroad group was noticeably backward. ‘Their hesitancy was at- +, tributed to profit tiking following the sharp rise this group scored on «weertainty ag to what action Penn- sylvamia directors will take on the so -Uvidend when they meet on Wednce- onwiy. As recently as two weeks ago it was practically unanimous opinion the dividend would be cut to a © ™2 ‘annual basis. But now that the “2°Wational wage agreement has beon seni ated and it is indicted that the 2< Pennsylvania will be able to effect “* sGstantial savings in operating costs, *titete regarded as quite doubtful in Plvariainy responsible quarters whether “© @sbursements will be out. &AcOal! money renewed at 6 1-2 per wut tent, and time money was offered in ‘profusion at 7 per cent. But moncy ‘so ponditions have 90 xed that wintwekers are unwilling to pay the lat- | ‘gr rate for funds repayable in 90 ietamys, and it ia understood that loans 0G" quietiy being made as low at 61-2 per cent. = or “The market took a more irregular wt pearance in the last half hour, duc MHS profit taking and fresh bear at- Stokes. Steel lost practically all its Satly gain, but other steels remained sWirong. Net changes in the rallroad “'™HBt were fairly evenly divided be- tween gains and losses. Studebaker ‘9° redacted rather sharply, but other mo- © gbre, the oils and equipments contin- ti! #hea to show substantial net advances, v) et Trraneactions totalled more than a ne ion shares for the third time this r Ce DIVIDENDS } The Liggett & Myers Tobacco Company declared. regular quarte. dividends of 3 per cent. on both t common and common 8, stocys, both payable June 1 to stock of record May 16. FORHIGN EXCHANGE. 1.46; Sterling, demand, 3 e9, 8.91-4, up 3-4 francs, demand, .0737; ,cab! } uD .0006%-4. “Lire, demand, .0481 1 cables, .0482 1-2, up .0007 1 Marks, 4 demand, .01641-2; cal 0155 1-2, up .0004 1- “anadian dollars, de- { mand, .8912, up .0012, Guilders, de- 4 sand, .2498; calles, .9500, up * hte Belginn frances, dem TAB: ¢ } A749. Au n kr, 1, 00: i ffambles, .0026; Swiss francs, dem rj eff36; cables, Pesetas, demand 11896; cal h kr., de mand, Denmank Nor 718 \ kr., demand, 1810, eqegian kr, i Fist "Argentina pesos, demand, cables, .7200. There are a number developments “which are Akeen interest by t ‘“ternity. To-morrow teHy wtatoment # United ates Seel ( ® are scheduled to be f (erly earnings of the i and the American Hi) q j A choduled awaited with in addition to th earnings the porat he issued the ental ither Teather companies, Cn Wall Street ex pectations are completely upset, both statements will disclose commodious deficits, due largely to invent write-downs, Board will hold its weekly meetin, 4} The probability of a reduction in dis- 1 pvepunt rates is a live topic of dis- 4 Masion, ‘ On Thursday directors of the At- j stiddptic, Gulf & West Indies Company Fe id scheduled to take action on the 4 ferred dividend. It is nearly | whe 24 the highest quotation since the early |¢ tands at 54.1 per cent. the highest | Yaturday, and a pronounced feeling of | unusually speculative fra- | quar. | =—On Wednesday the Federal Reserve | pommemniee BANKING AND FINANCIAL, Pe cg awe WowWee) mu NDA L BANKING AND FINANCIAL, | JONES A Free Book for Men | Who Wish to Know | The General Rules of Trading—The Rights of Stock and Eond Holders—The Deposit Requirements for Carrying Stocks—How to Give a Broker Instructions—Broker’s Commission Charges—How to Indorse a Stock Certificate —How to Group Investments. Call, phone or write for No. E.W.-410 Ask for lateat available news on any active security. & BAKER Specialiste in New York | urb Market Securities MADISON SQUARE OFFICE BROAD STREET OFFICE | 50 Broad Street | Telephone Broad 7150 225 Fifth Avenue Tel. Madison Square 1377 42nd STREET OFFICE | 605 Fifth Avenue | Telephone Murray Hill 7120 Offices In 8 Principal Cities Direct Private Wir: New Net | er Minh, Low. Last. Ghee | sciatic Ye [Ort Nor chee we j Ate, set % | Oreene Cananen os 8 +1 Ajax Tubteer oe | Gntt State Stool. 62S | Alanha <¥otd Y | Mawkell a Masher. Gite G0 OOM + 1% | tmahea 0 $4 | Header tee OM Oh B+ ATH Gi % | Mowton On & 84 Sth + Oo “Allie Chaba % | Happ Motor M% 1 MM Me Ama Age Ctuen +2 | 1Winom Cent o 8 9 + & = % | lediahame Retm., @ 6 8 — te + % | Lowsirecion Conper; 20% tie 4% | Inter Cone Gor. J: Me +1 | Inter Comm Com nt * + We] Inter Agr Com of, | 4o My | Inter Harrenter + 2% | + 1% | Ater Motor... -1 | — % | Inter Payer 2... - % | + iy | Inter Mor Maro. . + 1% | + 2 | Mocine vt +2 fm | Inter Nickel, + | | Biremie of + 4+ 1% | Talend O81 + eo + | towel Toa. + 4 Aen Tnterntional 43% + 2% eS Am Lannea! O41 0 — Gas Am Locomotive st + ¥! ‘ Afliet Che aot % oh ® Am Safety Razor % a & wo 0 +5 Am Bon & Con 8% tH + aes © Am Sie & Tet, 42% 41% + 1% O% WX + Aim Smit & Ret of 7H mH — % fO% bi% + 1K Am Snutt e+ 3% Bh % Am Sugar Wh % Wm 00% Ain Sugar pf 12h — % 18% 18% + Am Samatra Tob, 70% + % ne 2 — & Ain Tel & Tel. |. 108% 100% + % ste aT + Am ‘Tobacco , 18% He +2 | Loriltent we 11M BIG Am Tobacco pf new 01 * ce | Ain ‘Totmeco te BL 64 — 4 6 8 +1 Am Ta Francs " 10% — % % 8h + & ‘Am Madintor 0. 71% Tle + 1% 14 mS + ‘Aim Woot 70% — 4 ; 1B, Gh + 2% Am Wool of O% + | Mined Oupper..... 23% 22% Die + 1K ‘Am Writ Pap y@ “ | mid Stat O88. be BS Bh + Me Am Zine O% + Me | Midrele Aton! sy ah Be Am fine pt ih — % Monn & St dows 1% 1% MH + 4 Anaconda 40% 4+ % Mo Kan & Tex.. 2 » % + Amets Iealimation 24 — “| Mo Pacific . 6% 16% 6H + Anwo Dry Goods. Be — % [alo Prete m% 31% 38 — % Atshison Ry. 82 + 4 | Mare Want 2 2% NM +1% Aki, Rin & An, Montana lower By Kh OR Ad Comat Line, + 2%|No' Amer Oo,..... © w — % AU, G & WE +AB|NRIRROe Lp 6 5B Auto Sale Cor. + [Notional Biscuit .. 120% 120 120% + 4 Paldwin Loco . + | Net Cloak & Sait 4 Bla — Bait & Obio. + % | Netional Conduit 1% 2 + & Rait & Ohio if. + %|Net Kaan & Sp. O% WH + % Both Steal B 40% | Natloual Lend Th Tih +2 Bulyn Rap Tran. . — % | Nevada Consot nh Me + & Bityn Kap Tran cite + | N Orlane T & Mt o +1% fea ee 4% + [Now York Abttrube m+ M Hume Bros 88% + % | Now York Central. Or + % Butte Coy & Zino 4% — | Now York Dock. . met & title & tigiaer e+) |NYNG & ™% + & pre tlptea 11% INYoaw. wm + M arramiale nu | Norfom se Went... OA + Who Gant Gil... 8% M | Nuthom, Tecific. . - %! make Shee “as | Nora Scotia stent + % call Pa ut ™ |Okishoma P&B. * Bi | Canadien Pacific... 112% 12% + % | Onteum Cinnit.. re | |Centeat taather .. % 26% + % | Ore Blowtor re Gaal Gan TA 14 +2 |Ote Stool + % Oorro De Pasco... DY Die BW +1 | \Pacifle Gag . +2 Chandler Motom.. i 82 ER + | Pacific OM... —% Gree & Obi, RE [Pac Tel & Teh... +38 on & er er ie | Pandan’ Pe... +h OM ASRPRR. We BA WH + | Vantn Pot B, +3 ma aeRen @4 Wh + Pn RR, ~ % ic Pnay Tool... OM + 24 [Hen Bemtownd Bt. 12% + 1%) sg Nea tar MK Pumplo's Ons oo... aly + % Gt & BOR G4 GI% + W] Pere Manniette.... 19 +4 GRI& PT 1% 1% Th ovla Company... TK + | Ghic Gt Western S -- ‘| Phillie Tet, . 0 +1) tac Gt Wee tees 17% + 3 | Pierce Arrow. oh + % Chic & Nomhw Ry. OA + [Pare Arrow 74% ® ha Oba: Wie + 4 | Prom it. pty -— % Chino Ostelecdcsss 24% + | Pim Coal a) Gluett & Peabody. + 1% | Pits & Won Va... Con Cole. 2% +2 | pond Creek Coal... 15% Col Pudl & Lon... ww Premed Steel Car .. 80% ‘Col & Southern. 86) + (| pumman Co, ...... 107 —1 Gol Gas & Eldeine. O% —~ 4) Punta Ale Sugar... 43 + ‘Cokunbin Grapao... 4% + Par ol .. +g 36% +h Comp ‘Tab & Reo.. WK — S linn sera NIN OK Feral Cousol Ga... e+ St +2 | puma & Bicgiam, 15% +4 Consol Textile 19% Ray Comper 18% +'% Cha Teer Cal iin. . at il Reming «... Rh » Cont TN +) tending tot Bt 40% | Ount Candy Reading 21 pf 42% 4 Cont Lewaraace. +B) Remington ‘True. ) 3 +8 Condon Oi + 1%) Heokagle toot 28% + 24] Corn Prodncte t gG| Row tron steel!) @% + 1% Uruniiie Steud. «+» TOG | Memuntic otorom. 5 a9 + lin} Cube Cane Syzar Royal Dutch NY., 65 + 1M Cube Cane Sagar ye +14) eel & San Pra. 2% + % Cu & 4 1 as... = Bl se & Soutien, 28M + % (hi & BL pe cts, ~ BI santa Ore Super... 2% —% Gucmn Amer Sagar 2K + | Sasa totam 6% Del & Hudson. 05% + | Geaboant Air Line.. 6M + % . a8 Sear Tonbark 6... 86% 81% SF + 2% is 1% + | Beam TRotiuck or.. 004 96% 90% — 2% We 10 — 8) sine Coreen 16% 16 16 + % e % O% — * igo Pa Ti... BM 8% 4% + % 13% 12% 18% + %| Ginclele OF _meom om & Wie 19% Wm + | Blomshetf Steel. 40% + 1%] vo 18 Bi 1 +) at porto Rico See 67 —3 Famous (layers... 78! 1 | Bouthemn Pacific. 76% + % Famous Vlayer pf. 89% 8 =H + | gouthern Ry. my Fink Rubber 18% 16% 1% FH) Souther Ry ule... 66 Frooport Texas, 16% 15% 1544 — 4 | Grand O11 NJ... 156 —1% Aairalt 70% Gis 64% — | Stand Oi NJ of. 108% Gamon, WW. Ue hm HS 304 4 OR +1 perl Cigar ” 41% 38% 40 + 2 General Blastric .. 97% * 9% 8 BT eral Moire (oat... 9% 1% OK + HK General Motor p | Superior Oil. a ee Gea Motor 6 p .. + %| Tenn Cop & Gh... 10% 9% Oh + Goodtriets sent RY Ry | Texan Company... 44% % Grut Northen pt 12% THR + | Te & Pacific % == =| Tex & Me Coal + 1M everywhere expected that payments | 7% Tm. ae will be discontinued, ‘i The dividend meeting of the Stude-|rmmm Nie Oh Te het baker Company is due to be held Fri- | tron ou =_s me 2% — day, and it 18 considered possible that | vain Packie... MBO 6% IT |following the meeting some announce- | Gaion Pacific pf 65 + ment will be made which will account, | United Dug .....- 98 + in part, at least, for the recent re- | united ‘mut 108 101% + | markablee strength of the stock. United Pood Prod. 2 20% + —s Un Teta Storm... 6% wm + The annual report of the General/u sc 1 Pwe. 18% 18% + Asphalt Company, issued to-day,|0 81 Pipe #. 49% 40% 4D + *| showed $5.05 earned for each shure of |g Ind Aloha... 70% ©% @% + stock, compared with $3.82 earned in|( § Realty & Imp.. 49% 49% 49% 1919, OS Rubber... 18 TK TAK Showing air-tight tin (actual size) with vacuum-sealed inner c cut and bent back. This inner cover ibsolutely air-tight. It is keeps contents f a Share THE OUTSIDE MARKET—2.30 P, M. QUOTATIONS | ws ieomst Mm & Men ut Z Mi ’ erin Mo Na {hae High, tam, Tas. Shane Last antes Kilwe 0 INDUYTHIALA, 1900 Howton Wyom ii 1 Creemn Ge yA Mahe tek ot. KOU NORM BOL nm | SEO2 Ame Coat 1% th 1M | 1700 Cretts Mend ™ Duudle are U 8 ametters 2% 4 Mh ee Am Leather .. chy 8h % 0 Cari Trading u Rema wie ve ad fae ma Blt | 108 Ato Pot | 100 Chie Morve Beate 50% Rurnka Crvenue C8 Bteel 10% 1% Wh +2 8 Chi Nipple . 6 6 1000 Creole Aynd “ Wureke Hoty (tab Copper Bw oe | (me ale Kat i et | Densy Olt 1 | 100 Gata one Utah Seouritien 0. LL 10% 11 + wy] Se hle Aw Kat ne, on % i Wik Haat ve | wld Dever Vanadivon Stoel... S2% 20% ay 4 1 | 000 Cofumble Rmerala Mm 8 3M Petroleum IW | 1000 Goidtieid Flormoe Va Car Ohemial,: SIN Ot BI + | 10) Durant Mot... aw aH 1% 1% 1% Gold Kewana Virwudou o% 8% OM (08 iangire Bend my ty | 1s Ik 1K Wabaah ™% mH TH 180 Goodyear Tire. m 8 o | t sites, 8 6 5 Wabeats pf A DH Dh We + | (Oe later Rucee . M% om OM! Tey Citiiewne 13% 1FH | 1000 Great tend Wetor & Heil 12% 12 200 Marken Mt My pe... 40 8 0 | Hate 0) + ow | 200 Hoole Mining Wee Maryland 10 10 300 Maxwell Caaimor HW... 194 18 15% fet Petrol sions TOW 17 | 1000 tron ttlomom W Morland 2d wt 18 17% — % | 20 Peetection Tire {818 HE) 1000 Kerstone a iW 1400 Knos Wivide Wee Tec Com... Ot th p % | 290 Rado Cum ....., 1% 11% | 800 Margay F oN 1000 steNamare Wenting?icane ._e 1% @ 4+ % 400 Southam Coal & 1 LJ ™ Th | 00 Maracaite OD eee an 0% 1200 MeNaa Crreens, Wealne 2 1B, 8 BR Ok | 10 Standard Gas & Fee... 11% 11% 11% | 100 Merrite on 12% 12% Maerae Cop Whe Motor Ae dO 41 | 100 Stand Ose a Bee of... HM SMeaican Ine aay Mari Min... White Oi + I 7 1T — %| 9000 Sweets Co ™ “ Mesioo OL 1% ” Motheriode Willge-reriand . & aM a+ 3001] 8 Distritaning, mM 1% TH! 1000 om a) “ Mother Lode new. Willye-Overiand of. me 4 | i000 5S Rteem.... u 200 Penner oF ‘5 o % Naw Th Wilen & Co... 4% 42% + \% 400.0 8 Ship Corp....... * foo Product & Metioers, on Niphmting Worth Pump » GO% + 1%] 20) United Prom sharing, 1% 00 Ned Kook Ou. ' * Ophir Silver : Worth Pomp ot BB. &% &4% ©E4 + 100 United Ret Candy... ™ 100 Salt Cremt prefd.... os. u Rea Cone 4. wabes. * Brdiridend. Total sales, 1,107,600. STANDARD OTLA MOO Stn Pet ”~ 1000 Haohente Mince LIBRTY BONDS. | 000 Angio- am Ot! m% Shetly, OU 6 1900 Mam ‘Tor. Sees ON ea Lam. Salen | 200 Atlantic Lebow s an O & Le. " 1000 Stier King Divide fete sos © 416.000| 10 Ohio Ol . 90 330 oD 400 United ‘Tes 01 * 400 So Am PAO wi 44 S448 17.00 | Gon 8 © of Ind now. TH 14% iq] 800 Victoria OU new. a 800 Rt Cote Mines He BR] ae vecmmam Ot oc... 908 800 06 | 190 Woodurn eesomes % 100 8 Silene Lead ess 23 1,008,000 INDEPENDENT O14. a0 ¥ ont * 1000 Suceeng fin os pkey 80:99 $00 | 2200 Atlnd OM vvesesnees ns AE Tat | 300 Alawar Cad i pe dssce ed zy BT O70 O50 Ty opp | 1000 Arknmms Nec Gus... 18% Tle ia | 1900 Au ‘ 1 1 | 2000 Temapan Can Boy. ss om ced a oon 1200 Roane O! .... . 1% i” 1% | 2200 Dig bedeo “ ve | 2000 Teme Tinie —— SO OO ‘over partly SO CIGARETTES removed by turning outside cutter-top {also shown here) around edge of tin, a) » Aner ‘Wen. tow, 1S Towopen fat ™ ” 1900 Tone-Jim « 100 Tonopeh Min oo... ” oe te | 200 Were ma Gs iw 1% 1% IM] BONDS, { 1 4 {000 allied Preker fe .. 45 22a | 14000 Amer Agri Chew Tie 0. oF am t 2 | 1000 Heth Steet te 1083... mw he ry 000 Chie Fat & IM be 0% ; © [een Oo whee Ie tg. | 1000 Congme Hap on 1 mH 16 14 | 1900 Diamond Mat 7M»... 102 92 “ “ 52000 Geotyear fe coe O™/ 7 10 | 8000 Gomera Ammmait Re... 101% 101 rf 4 | 1000 Celene 60. Tew 74 eK : | F000 Goetich Thre my + | A000 Ciena ‘Tro Oe wn Ot “~ cow rar OM teh y, mh Mh a | HOO Layer ake 1% 18 me 1m | 100 Nad Cloak se. AN nN Tete | 1000 Seare Mentce 7 O% 0% ‘ ry r 1000 Keneee Cop Ge Lora me mf my | 0B ON Fe 179 |. oe rey * : 000 Swit A CO te me me ; ty | 3000 Butt a Co mi omy Co a | Waa By Ry 14 1 1 | 000 Wears ee Sie Chestertields in vacuum air-tight tins of 50/ U Liccerr & Myers Tonacco Co. F you already smoke Chesterfields, you'll be, interested in this new packing. If you don’t, it’s a fine way to get acquainted. The new tins each hold 50 Chesterfields. The air is drawn from each tin and the ci actually sealed in vacuum. arettes This method of packing—similar to that used by the big canning companies—positively insures /reshness, besides holding every bit of the tobacco's fine flavor intact. ‘ What about a tin —for your desk? —-for your library table? —for over the week-end? The price is 50 cents —and the blend can’t be copied asterti CS ARETTES full Ntaest® a 2 3 ton tt 1% ‘ “ * * é 33 . 392223573" 3! S33 eeer 2# 733? se Ra ito Soe OES aE. ——