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13 MILLION RIO BOND ISSUE BOUGHT HERE Will Ro Offered at 103?South American Countries and Cities Se?'k Loans. An issue of $13,000,600 Itio de Janeiro twenty to twenty-five year & per ccnt. bonds has been purchased by Blair o The bonds will be offered for pub lie subscription at 103 early next week, it Is understood. The proceeds will bo used to retire the Rio de Janeiro 0s sold here in 1919 by imbrie & Co. According to reports in Wail Street ?several other South American govern ments and cities are seeking accommo dation'In the United States. Among the issues most frequently mentioned are; Kollvia, |24.000,00(i; Peru, between lld.ono.. ?"0 and $13,000,000; Argentina. $100,000,000; city of Santiago. $6.<?00.'J0o ; city of Mon ti video. J6.000.00ij; city of Valparaiso, Ji.000,000. Average Bond Price.! *&'??? ?> ;- v,v. tiny- < hange. Ago. +33 ,S| || 5 Foreign ? ?i"n +.?? s0'' ;M) ltondu BOND NEWS AND NOTES. Northern Piiclfic Itcf unilinit> Bankers expiuiued yesterday that the effect of the Northern Pacific Rail way's plan to refund its share of the Joint Burlington Railroad's bonds Into new long term is would be to force the i onversion of the joint 6 Vis outstanding Into Northern Pacific 6s. Out of the $230,000,000 of 6'? per cent, bonds Is sued last summer jointly by the North ern Pacific and the Great Northern Railway $115,000,000 have been con \erted into Great Northern 7s. thus tak ing care of the Great Northern's part of 'he obligation. Only $11,000,000 of Northern Pacific's half have been con \erted Into Northern Pacific 6s. leaving $104,000,000 in bonds, on which the company must pay 6'?.. per cent, inter est. The Northern Pacific plans to call its outstanding Burlington bonds at 103V4, but their holders retain the privi lege of converting them into Northern Pacific 6s for seventy-five days after they have been called. That is the rea son for the Joint 6V?s selling in the mar ket for more than their redemption price. The new lis will be issued in whatever amount may be necessary to take up that part of the joint 6Via not j converted Into Northern Pacific 6s. The j application to the Interstate Commerce Commission states that the new 5s will he sold to J. P. Morgan & Co. and the First National Bank at 90 and accrued interest. WUIya-Overlnnd Meeting Called. Stockholders of the Willys-Overland Company have been called to a special meeting to be held In Toledo on April 24 1o consider and take action on a pro posal to Issue $17,500,000 notes or bonds to mature not later than December 1, 1923. Proceeds of the sale of new se ??ifrltles will be used to liquidate bank loans and provide new working capital. Soo Project Approved. This Interstate Commerce Commission has approved the Minneapolis. St. Paul and Sault Ste Marie Railway's applica tion for authority to sell $2,500,000 of its first refunding mortgage 6 per cent, bonds at a price to net the carrier not 'Mm than 101. ? State and Municipal Suleit Heavy. State and municipal bond sales for J the first quarter of 1922 exceeded sales In tho corresponding period of 1921 and established a new record for financing of this character, says the Daily Bond Buyer of Sew York. The March flo- | tatlons of these tax free securities | reached $120,926,170, or almost double those of March. 1921. The Indications I are that the supply of new State and city bonds In April will be considerably reduced. Ontario Meek* Dtdn. The Government of the Province of Ontario will receive tenders up to noon of April 11 for $is.000.000 of its 5 per cent, bonds, dated April 1, 1922, and due on April 1, 1952. Second Grade Hull* Honcht. Aside from the spectacular point Jump In Interborough Rapid Transit 5s i and advances of a point to 4 pointt in other local traction isucs, influ enced by the plans to avoid receiver ship for the Interborough system, yes terday's bond market Was interesting because of persistent buying of second i grade railroad bonds and establishment of new high figures by several Llberty loan Issues. The First 3Vis went as j high as 99.70 before reacting. New Maven 6h opened at 70"? and rose to 72V4 on relatively light buying. Sea board Air Line and Chicago and Alton bonds also were In active deVnand at new high prices. Demand for Southern J*aihv?f general ?V?s was unabated and reached a new high mark of 98 Mexican bonds rallied strongly,, and the new Czecho-Slovakian Ss moved up to in contrast to their offering price, 9614. M. and V. A, (ietn Kedrrnl l.onn. Wabinoton, April 7.?A Government i loan of $3,500,000 for the Missouri and j North Arkansas Railroad was author ized to-duy by the Interstate Commerce Commission. Of that amount $500,000 will be used to make additions and bet- j ferments to the property and the bal ance to pay off existing indebtedness and assist the formation of a new cor poration which will advance $5,000,000 I In bonds as collateial for the Govern ment. FOREIGN INTERNAL BONDS. Loan* not Issued In Am?rl<-an Hollar value* Rate. T>ate. Pue. Rid. Ash. Atgentlna tunllst) Sept... *0 N1 BHgtan (rhetor's). 5 Option 19.14 71 7R ?1 iilnh victory.... t i*?iiih| mm 303 Canada ... ./?? * MarIP WI7 P7Vj pa <4 | ? anada Nov... 1P24 Pfl.14 P7\ Canada &?.? Nov. IP.1? P7'; t>8'4 < olombla 8 Issued 101.1 rtfi 08 rvnta Rica ? n t??iie<i mn r.? si , French Victory ... r? Option 1P.11 BP 70 Froneli lyoan 4 Option 194.1 57 r.8 Kreneh Premium.. "> KfPi si Ftench Loan 0 Option 1981 si 88 j Italy War l/ian. . r? 401,4 4)14 P?>lota* (Brazil)... 6 Issued 1911 fi." I 1'rugoay 5 larued 1P19 T1 72H | Put R Bdi ?' * A. 3% Feb... 1928 4 S , U. S. CERTIFICATES AND NOTES. Month. P*r Thtin. App'x. 1P21. Cent. Hid. Asked. Hid. Yield. ?Itine 4'* 100 :t .12 Km :t-l?s 100.1-83 ::.na ?lune r.',4 100 11-33 100 7-IH ion 11 - .12 3.03 *t|* f'H too 8 100 2.1-.12 100 ,".-8 3.02 ?Mvot.. 4', 100 13-33 inoi a 100 13-13 3.34 ?Sept.. 100 23-32 100 27 "2 100 21-12 .121 ?pae.. 4'4 100 1P-32 100 28-33 100 10-32 3.40 1023. ?March 4'4 100 19-32 100 ii-io inop-in ,14s May... 4% 100.90 100.91 MO.PO 3.88 IP24. ? run". PH 103 3-8 10.11 2 10.1 3-? 4 08 ? ,-ept. . 5Vj 100 8-10 1035-18 iai 3-10 4.08 1P2R. ?March 4H 100 3 8 101 I 2 101 7 18 4 20 19'J8. ?March 4<H 101 7 8 102 101 IS 4 20 [, ?Ae?,eplnh|i' In payment .if t?drral lakes BONDS IN STOCK EXCHANGE FRIDAY, APRIL. 7. 1922. Day's wales Year to date... ?Closing? Bid. Asked.Yield 90.34 39.40 3.:. 1 99.30 99.H0 4.0'i 99.06 99.24 4.0T 19.40 99.58 4.27 99.24 99.26 4.31 99.56 99.58 4.32 99.56 99.58 4.29 100.90 100.94 100.02 100.04 3.-is 1922. $18,838,000 1.290.843,000 1921. $9,375,000 827,909.000 RANGE OF LIBERTY BONDS. Bales in $1,000. 340 3Hs (1932-47)... 1 1st cv. 4s 5 2d 4k 11927-42). 70 1st cv. 4**8 (1932-47) 99.44 6 1st cv. 4V?,s reg 99.30 1,073 2d cv. 4 lns 11927-42) 99.14 10 2d cv. 4V*s reg. . 1,634 3d 41is (1928). . 32 3d 4^4s vets 99.36 99.40 1,964 4th 4V4,s (1933-38)... 99.44 99.56 i? 4th 4>.,s rep 99.30 99.40 ?198 Vic. 4%s (1922-23). .100.90 100.92 113 Vic-. 4'14S rog 100.72 100.76 20 Vic. 3%s (1922-23). .100.02 100.04 Open. High. 99.28 99.70 99.30 99.30 99.00 99.00 99.58 99.30 99.24 98.96 99.00 99.50 99.58 Low. 99.20 99.30 99.00 99.30 99.20 99.10 98.96 99.44 99.34 99.40 99.30 loo.'.to 100.72 100.02 Last. 99.24 99.30 99.00 99.58 99.20 99.22 99.00 99.56 99.40 99.56 99.40 100.90 100.74 100.04 FOREIGN. Argentine "s n eos4| ft. .?? .995*1 4 90?t 10. .?7..99l 1 00-4 2. ,s6 ..99% 1 99?x t 99?4 2 99% 10 9934 Belgium *s 1941 receipts 1 10734 14 108 : . . 10734 j s 10R : l?.t . lflSJy' 2 10818, Belgium 7H? 45 10 108%| 1 10834 1 108 %? 1 losia j 14 . . . 108*4 Belgium fc 1925 4 102'8 1 103 30 1027s 1 1023. Benin 8s 1941 1 5 112 I'crdeaux Ok I 8T.V 4 8734 6 87% 1 8734 Chile S- 1941' .1 .. . .10414 4 l'141-j t .S0..10 Hi 0 1(M 34 7 1041; Chile 8s 1946 2 103% .1 10:134 1 1039s 1. ...10334 1 103% n 10334 Chin<we H K By i 6s 1951 1 Mlgi 1 .54 : Copenhagen b f ths 1943 .93 10 0778 2 9734 .1)8 Denmark 8s 45 1 112 4 I12I4 1 .112 1 1123g 3 112 Denmark a? 43 certificate 1 1021 j] 1023s ... 1021.1 1023^ i 10214 1028s | 10211 i 1023s! 1021a 1023s! 10214 10213 10214 . 1023s 7.. 18 I.. 1.. . .9314 93 931g 93U Czechoslovak 8n 1951 when issued 6 97 12.. 10.. 2 I razil 88 3... 2.. 1... 3.. S l??i 1073s .IO/I4 .107:1s1 .I07ia .107 . 1071a Canada 8Ms 29 1 10o% 2 10013 3 10034 1 loo-"* 3 IOO.I4 ft 10078 Canada Ss 1?3l 2 9834 4 98% 1 . .sS. .981a 0 9834 Chile 8s 1936 9 1021s 3 102 9 10218 1 102 4 1021y Christians t> r 8s 1945 2 1091a 17., 3. 6.. 11.. 2.. 3.. 13.. 14. 10.. 37. 5. ...97U . ..97% . ,971a . . .9734 ...971a ... 9734 . . .*7% . 971a . . .977g . ,971a . . .971% . . .9734 .. .97ia ...8788 .. 97ia ...971, . . .97% . . .9714 . . 97 .. .977s ...97.14 ...977g .. .9734 . . .977s . . .9784 . . . 97% .. .9734 97.1s . . .9734 . . .97% . . .97:14 . 975s ...97.14 ...97.1s 9734 . . .973s . . .9734 97?8 17 981a | Japan 2d 4s 1931 1 it: 98I4; 0808 $>814 98% ,9814 4. s6. Wig 981a Denmark Muu tier A 1946 1 112U Denmark Muu ser B1946 1 112U Dominican. C A fc 1958 1 92 1 93 DutchKast Ind 35-yr fa 1047 | receipts 8 041a j 1 9411 : 1 941 a 1 943s 1 94ia 1 4 9438 j 1 941a 1 1 9438 i 5 941a ! Dutch Eastlnd 40-yr 6s 1962 ' receipts 3 9434 | 9 947g ! 2 9434 lrrencn a? 1941 I fl MI614 : 1 1063s i 8 1<614 ! 3 1001? I r, 106I4 j 1 1003s , 2 lOfil t ! i3. . ior,.is 6 IO6I4 French 7K? 1941 26 10214 I 15..S7.102 ; 2 102% | 3 1021a 5 102% Lyons 6? 7518 75% 75I4 753s 1934 87% 8784 8778 Netherlands r? 197a receipt! 6 941 j 4 943s 4 94U 2 941a ft. M 943s ? 94U 6 943s 1 941a 7 9438 10 9411 7 941 a ft 04U 7 878s 4 8734 Marseilles 6a 54 20. 9418 2 948b Norway 8s 1040 8 11134 2 112 1 Ill's 1 112U 2 11134 88 ~ i Porto Alegre --34 8s 1061 2 1028g 1 103 10278 {Seine 7s 1942 6 97.78 2 90 ? 85% ! 14 97.34 ! 10 9578 1 90 1. s6. .9514 2 90 30 ?ftl4 3 951s 5 957g 2 9ft34 U 90 Sweden 6s 1939 ....87% 8734 1 . sO. 87.1s Mexico Ss 1054 621 a 8734 Queensland 30. IO... large 25 .63 . 6334 .63ia . 6334 ,63ia .6334 631a .6314 64 6384 59 13 Swiss 21? ? 5.. . r.014 59 561a 1. 5834 Mexico 4s 1051 7 56 2 ft Pi 4 5 56 11 56ia 3 57 5H7? 5034 .5688 .601 a . 567s 6. s r K 7s 1941 1 10838 1 108% 4 1083s 5 1081s Queensland fs 1047 cert Iflcate* lft lOUa 1 1018s 2 lOUa Hlo Orande do Sul 8s 1941 4 lonijj 1001a 1943 2 11614 1 lltilg 2 117 5 11012 Japan lst4H-s -5 1 1 901a United Klngdm ?Hs 1922 6 1061a 2 10608 2..106 11 i..s6..iooia 1..106 11-16 United Klnsrlm cv 5Hs 1920 1 1061s 50 1061a 1' 10fi">s 8 IO6I3 2..S0. 10111a 1 2 106% 1 looia 2 10634 9 .106% 7 10631, Rio de Janeiro 1'"l}eU,'i'PatUU s f R 8s 1046 3 104 4 10414 ft 104 6 10412 ?on PauloState f* 1933 10 1043s 26 . IOU3 1 10514 1 io:iia S.Ks 1937 3 100U 3 1001s 8 100U 12 1003s 5 1001? 2 IOOI4 3 100% 14 IOOI4 1 100.% 2 IOOI4 12 1003s 1043, Uruguay 8s 1046 S?n Paulo City 5 IO6I4 8* 1982 ft..*7..105' 2 1058s1 Zurich 8s 1954 1 1051, 2 1055s 1 4 1051s1 3 10614 1 106 ! .112 .11213 New York City ths May 195? 1 1051s 1071 25 1053s 4V?s MM C 100 Adams Exp Co cit 4s 1948 3 75 Ajaz Rubber 8s 1936 12 1001* Airier Ag Chem 7hs 1941 9 102 ?J 10 I v8 1 102 (i... .101~8: Amer Cotton < > dfib Ss 1931 2 871* Am M A ltf? 1st A te 1947 4 91 7 ,811a 1 OH.-1 44 . . 901* 13 eon4 Am Sugar Oo en 1917 2 981*1 1 983s, i 98i* 3 ... 083s 5 9814 1 981/ 5 ?W 4 | 2 OK* a. oxi * N OMs Am Tel A Tel cjv te 1915 ?... 1141a; Am Tel A Tol; C]1. 5s 1941 10 973s 1 971* ! 4 9711 ..9734 . 071* . .975s 2 97 1. .. 071* 1 07U Am Tel A Tel cv 4s 1936 847s: Am Tel A Tei rlt 4s 1929 21 9012 Am W W A Kl col tr 5s 1934 1 7.", I 10 743, Am Writ* Pap 1st 7-te 1939 2 8234 1 821* Ann Arhor l?t ts 1993 ?. 711* Armour1 A Co l*t 4h* 19.10 (i . 881* 1 8814 AtcU TtlFt gen 4s 1995 ?T "77s; ..871* DOMESTIC. Baltimore A O PLR4WV tef 4s 1941 2 7812 Baltimore & O 8 W 3Hs ?25 27 90 Baltimore A O Tol A C 4s 1959 13 6?7S Bell Tel of Pa 7s 1945 1 10712 1 107^4 2 10712 Belhlni Steel Sn 1936 2 91 Braden Cop M coll te 1031 1 9612 2 .9618 5 007g 8 97 i 1 0?34' 15 Ort% Bkln Edison Co: 5s A 1949 1 94 2 ?114 Bkln Edison Co te B 1930 4 ioii3| Bkln Edison Co i 7s D 1940 2 1073s 7 1071*| Bkln Rap '1 r 7s 1921 Ch?K A Ohio cv 4Vis 1930 66 80 20 Sfilg 2 8514 Che* A Ohio gen 4Vis 1992 ?'1 84:14 1 8514 1 8MH 7 8.-> Chi A Alton 3 Us 1959 3 461* 1 4B18 3 46I4 12 4(>1a 7.... . .465? 1 -17 Chi A Alton ref 3s 1949 3 58 Chi Bur A Q St* 1971 ' 065? 0<V7s 2 0t.i4 22.s9.. 961a 1 1 961* 5 965s ! Chi Burl A y Web ex 4s 27 1 or. ! 8 051 a Chi A East III te 1951 Chi Un Station 1st 4 his A 1901 4 917r> Chic A W lnrt 15-yr 7)-4s 1035 9 1017s Chile Copper! ?s 1933 2 B6I4 23 86 i 3 8tUj 0 C C A St 1. ref 6s Ser \ 22 8 90"<S C C C A St I. 4s ser A 1093 5 80 Colo Fuel Ai I gen 5s 43 1 8514 R 851s Colorado! nrtus 1st 5s 1931 2 7 r.34 t 757g 1 ? .70 Col A Southern ext 4Ha 1935 Edsn F.I II NY' 1st Cll 5S 95 1 987s! Erie cv 4s A 53 10 441* 8 4 5 5 4-t84 .45 . 4434 Erie cv 4s B 531 3 43U; 1 1 43 I 3 445s! 4 447K' 5 43 Erie cv 4s D 53 42 ... 48 1 4-I4 9 47a* 1 2 48 ! 18 49 Indiana Steel 1st 5s 1952 30 100U 111 Cent 5Vis S4 10 9934 6 09?s 1 100 Illinois Centra CStL A N O fc A 1963 1 9434 Interb Rap T 1st A rf 5s 06 50 . !fl8 |((7 25.. . 1... 3. . . 30 . 9 .. 10. 10 . .470j .48 .89 3..... 3 .78 30. 1. 28. . 6... 831*. 825g . .83 : . .8234 .ras, 8212! . .825g . 8213 83 . S204 . .83 | . .84 certificates 8 .... 821* 11 83 7. . . 831? 10 85 i certificates (tamped 21 7812 15 7 814 10. . 10.. . 8... 15.. . r it* 10... 10 . . 777j| 78la ?. 78I4 . .78 79 West 6H4 . 6134 . .62 . .63 . .6214 . .621* (13 . 625# 631a 781*. . . 7834 ..7812 . .7834 .75 I ?II3 97g 791a 20 7W| Bklvn Rap Tr 6* 1945 10 57 2 56 certificate* 1 55 Bkln Cn Kiev 1st 5s 1050 1 . 84I4 Busli Term Big 1st 5s I960 1.. |8 .8' ? 877() 8 871* 2 875s K h .871* Atrh T A a Ke! CV 4h 1955 3.. 7034I 1 801m, Atoh T A St Fe ?<!l 4s 199"> M 80lr stamped 82 I 1 821>| Aich 1 A H Fe t'-A 1st ref A 4H? 1M I 2 921T All A Char A L> 1st B 5s. 1944 t 97 j At I Coast Linn I. A N 4s 1952 6 .... .801* Atlantic Fruit 7s 1934 1 34 19 33 Atlantic Refng 6Hs 1921 1 1041i I 104 8 10414 3 1011* Atlas Powder C* 7Wjs I9W 1 1085g r io:n, Baltimore A O te 1973 1 0 8 is 4 081* 1 981s II 081*. I '>814' Baltimore A O ref A 5s 1905 84ia I .80 1 8834 Cal Gas'A Kl rf 5s 1937 5 941? CanadUtnOenK Bs ser A 1?42 when Issued 3 101 la 11 1013g; Canada North' Oi'jS 1M6 5 lOOIji 1 109U Can Pacific 4s perpetual 3 775*' 1 2 7734 5 775, 1 7734 5 77V 47 ..77-V 10 78 ; Canada South con A te 106? 2 ... 905s i 2 0?7s 1 Wh 5 Of. ! 2 ,...9?ila Car CI A <>hlo 1st, Se 19.it 2 87 4 861* Centof Georgia 10-yr Os I9?9 8 WW4 2 08Vs 1. 0834 ' ent of (irorglu ' rnn 5* 1945 30 10.... 1 15. . Chi Ot 4s 19.50 10 SO 2 73 7. .SO 2.... 18.... 50 . . 10 3 Chi Mil A PSd 4s 1949 1 7034 Chi Mil A St P cv te 2014 15 08 1..S6 ..07.I4 It.. ... .fl83t| 1 08 50 O8I2 41 08 1 0818 2 08 1 0.HI4 10 08i a 8 K83s 2 0811 3 <18 5 O8I4 Cli' Mil A St P gen 4Vts 10W 2 84la Chi Mil A St P CV 4 He 1932 2 683s 22 2... 1 .. . on 8 85 Baltimore A A cv 4 Vis 1031 81 2 8U4; 3 .... 80% I 13 8U4 5 8| ? l?l>2 Baltimore A O 1st 4a 1941 1 707,1 6 791* Baltimore * o n I IH* 1935 JO 023S 0.. 1... ?Wis. <s 13.. 2.. , . .920$ 92ia c?nt 1 father 1st, la 192*. 10 .971* 1 901* Central Pacific ref4s 1940 7. .. 8412 CUR of New J te 10*7 2 1061a Cer de Pas <3op cv sf Os 31 2 114 5 114(4 1 1141a Chen A Oh te 39 I 087s Chi*n A Ohio ref te 1920 :l 041* chew A Ohio cv te 1040 20 8034 o. .00 ,8<l34 ft . 5 H8i a 6814 6712 671* 673a Chi Mil A St P ref A 4Hs 2014 2 611* 2 Oils 23 611* 1 s7. OH4 20 6Ha Chi Mil A St P deb 4s 1034 8 021a 2 02 till Mil A St P gold 4s 1925 ft 70.1s 3 7OI4 2 7 701* 0 7014 Chli ago A NW 10-yr 7s 1010 1 lO.i.14 Chicago A NW 15-yr 6Vis 103S 1 10714 Chicago A NW gen te spd 07 1 1021a Chicago ft NW sen iltyi i?*7 3 7Ua 10 *7. .8414 ail Mil A 81 P gen B 3! 49 0 741* Chicago Uys 1st te tor 4 80 2 7978 Chi R I A P gen 4s loso 1 82!% 2 8 821a Chi R I A P ref 4* 1034 10 7013 10 70.34 1 7oia 10 80 Chi Un Station 1st. Ot*s 1001 0 114 Chi A W Ind con 4s 1052 10 7334 74 I 4 .74ig .7484 .75 7710 76 75 .87 .8718 12 87 Col Oas A Klc 1st te 1927 st-import -8 2 02 Commcl Cable 1st. 4s 2307 2 7934 9 73 8 7313 1 75 3 74 1 7ft Comp-Tab-Re Oh 1041 7 94U Con On N Y 5-yr cv g 7s as 3 109 1 .. 109.3s 2 109 2 inou 2 1003a 3 10913 2. 10914 Consolidation Coal 5s 1950 2 S8 3 8734 n 88 Erie gen 4s 1900 3.. 1... 3 88ls, 1 S81*: CornProd ,'.s3ii 1 98 Cuban Am Sug 1st coll 8s 31 1 . ..10413 1 10434 Cuba Cane Suj cv deb 7s 30 1 8 85841 st amped 8% j 10 R7 ! 12 801* 2 86141 6 80 Cuba R R Co "Jhs ser A 6? certificates 5 102.(4 ; 3 102 | Ctiba R R Co 1st te 1952 I 8 82U 1 82 Cumber TAT 1st. A -n te 371 10 921*1 Del A Hudson' conv 8o 1*18 2 94U Den A Rio G{ 4s 1930 10 7713! 4 78 | Den A Rio f! IstAref 5s M 7 40la 12 4614; 8 4fll*| ft 4634 7 4078 10 4034 5 461*. Des M A Ft D 1st. 4s 10.15 1 50 i 2 48 , Detroit Edison Os 1940 1 1021s 1 .102U . T 1021*' 5 . 10214 Detroit Edison 1st A ref 5s 40 3 4?47s 1 Det tlnlted Ry tot ion 4Us 32 j .48 . 48131 . 40 . .4812! . .484ai . 481a, .49 | 4812. , . 48'U 1 4 -181*! 27 40 , 1 481*: 1... 4834 2 4011 Flsk Rubber 1st mg te 1932 8 105 :i 10413! Framerican ID 7V*s 1942 17. 9918 Gni Elec Co Os deb 1940 1 106U Gnl Elec Co deb te 1952 2 981a 1 09 GaCaro A Nor 1st 5s 1929 2 89 Gdyr TAR 8s 1931 1 0013 1 003? 20... . . .9934 10. 10 10 2. 30. 72. 44.. 77. 5. 30 40. 20 0.13 70 65U 5 6512 30 6514 1 1. 0484 I 25.. .60 . 6.VI4 0513 06 .6613 .0634 .07 .6034 R6 .0034 (1014 .6012 .0534 .651a .6534 641* .65 .0434 20... 10.. . 33... (Ml* . .631a . . . 65 041* , ..04U ...05 ! . . .041* ! . . .0414 1 4 10 10 34 15... 65. . . 4.. . :?ia Dlamd Match sf 7Vis 19.10 3 1071j dUPont EtrteN ln-vr 7H* 1911 3 IOH4 3 1045|| 7 104 <4 ft ICH7$ 7 105 Dunuesne L.t 1st Os 1944 2 101% I ... 102 13 IOI.34 I 102 E Trn Va A <?s dlv lis 19.11 4 9634 Erie ext 7s mn 1 HM 10 .. io:i34 12 .... 104 7 1037s 2 I o-l Erie 1st cn 4s 00 10 681a 4 04 i ? ?8ia 7 097s 4 0934 2 997, '2 9934 ft 997s 1 9913 2 997s t. 9934 1... ? 0978 2 100 3..s6. .99-14 6 99%; '6ft 10O 9 10018 110 .100 50 1001* 0 100 1 10014 Gdyr TAR 1st te 1941 4 11SU 1 115 Granby te 1025 1 92 Gmd Trunk Ry as 1930 2 1015s 3 10134 2 1017a Groat North Ry 7s A 1930 7 1071* 1 1073s 10 107la 1 1077a ft . .. 1078a ..10718 . .107 . .10718 . .107 ..10718 . .107 b 10714 2 1071a Gt North 5H? 52 5 W6I3 10 sfl .0414 2 96I4 ft oo?a l 061* 1 ... 963s 8 (?61s 1 o?3a 4 owa Green Bay AW deb B 2 87a 2 . 978 15 10 ft 10U Havana Flee 5s 1952 6 88 HavEl Ryf.AP gen 5s 1954 3 ....80 Hocking Valley con 4Hs 1999 1 88 | Hudson A Man; 1st, lArfAte ST 7 hoVh 1 803a 2 81 | 1 8914 ( Hudson A Man sdl Inc te ',71 ? 57141 n 57 1 1 B7U 1 .... 57 ! Ill Cent ?Hn 10 1 108 Inst, for En of! Agrl 4'&s 194: 0 ,41 I 5..S.30 . 4034 j A 030. 41 1 42 I 10. . 6.. 4. . 66 5.. 16. . 10. 39. 10. 8 6412 .64 6413 .0414 6413 .04 .64I4 .64 ? 64U .6334 .64 64U .6412 1 0 645s 50 6413 2 04l8 5 6413 3 ?434 9 64 1 1 64I3 in 0414 48 30 84I4 62 64 3 6414 4 64 4 043a 6 6H3 ft 64 125 0418 6.. 5 0414 15 6413 1 fl-418 40..\..6tl* 20 6434 9 0478 60 65 1 647s 5 (H5a 10 6484 2. 1 0413 10 (H7H 10 04*4 1 . . H47s 25 6-434 130 ?4ia 65 6484 14 647g 85 . . . 641a 18 01.34 7 0488 10 6384 138 H4I* Interbotn Met I Vis I9S9 10 17 10 10 4 17 10 10 1. .I684 16 . lfl.14 .17 .I034 . 107g .1634 1058 IHH4 .1678 30 ., 10 1... ? 1634 9% 1013 1. 8 1678 7 17 6 18 certificates 10 16 10 15 10 14 28 141a 20 1484 17 uia 6 1318 60. 45. 2. 40 18 20.. 10 .14 . i.Ha . I3l< . 1334 14 141J .14(4 ?1458 . 141a -145a AO 15 45 131a 17 1578 10 20 1534 30 157g .: 10 Intnadonsl Ag IstAcI te .12 3 75 565 BANKS FAILED IN D.S. LAST YEAR Of 528 State and Privato Insti tutions 108 Resumed?37 Nationals Closed. Washington, April 7.?In 1921 a total of 528 State and private banks were closed, according to a statement to-day by Comptroller of the Currency Cris slnger. However, 163 were able to re open or otherwise liquidate, their liabili ties. The liabilities of the 365 other banks aggregated approximately $96, 000,000, making the average for each bank about $263,000. The Southern geographical division, Mr. Crissinger declared, was the most seriously affected. Figures by sections follow : Failures in States In which the de positors' guaranty system is in opera tion were: Mississippi, 6: Texas. 86; North Dakota. 34; Nebraska, 22; Kan sas. 11; Oklahoma, 22; Washington, 11. The calendar year 1921, Mr. Crissinger eaid, was the third most disastrous year with respect to the number of failures of national banks In tlhe his tory of the national banking system, there being thirty-seven national bank failures with liabilities of $23,677,367. The most disastrous year was 1893, with sixty-five failures, and the next was 1897. with thirty-eight. There were, he explained, forty re ceiverships In 1921, but in three cases the. banks were restored to solvency end authorized to resume business. During the life of the national bank ing system from 1863 to December 31, i 1921, Mr. Crissinger stated, recetvers | were appointed for 637 Insolvent banks, j but of this number forty-three were ! placed In a solvent condition and were . authorized to resume business, which, i he said, reduced the number of failures to 594, a fraction less than 5 per cent, of the total number of national bank ing associations chartered. The records show, he added, that creditors of all insolvent banks received an average of S3.79 per cent, of tho banks' liabilities to them. Rank Total Southern States Western States Middle States... Pacific States.. Eastern States Failures. I, labilities. Kit 122 Hi,000,(XX) no ii.siifi.omp 4.'t 13,500,000 New Kngland States... .> 3.600,000 ^ 17,700,000 3.600,000 NO OIL BATTLE WITH MEXICO, SAYS DOHENY Declares No Disagreement on Part of Companies. San Antonio, April 7.?There is no fight on between otl companies and the Mexican Government, Edward U. Do heny, head of tho Mexican Petroleum i Company, declared to-day after return ing from a trip Into Mexico. He said that the tax to be paid the Mexican Government for April had been tlxed at 27 cents a barrel on oil, 18 cents of which was for production and the re mainder for an export tax. Companies :ire paying 45 cents a barrel for oil at the wells, he said. Doheny was reticent In discussing the Mexican oil situation and almost angrily denied any disagreement between the companies and tho Government. WIRE PRODUCTS PRICES RISE. Pittsburgh Steel Co. Untie* Quo tation* lO On In I*er lOO Pound*. Pittsburgh, April 7.?The Pittsburgh Steel Company announced to-day an advance of approximately 10 cents a 100 pounds In minimum prices on Jobbers' carload lots on wire products, effective at once. It was explained that the In crease was ordered to "adjust and har monize" schedules. New prices quoted are: Standard wire nails, $2.50 base; coated nails, $2 base; galvanized bundle / wire and staples, $3-15 a 100 pounds, f. o. b. Pittsburgh. Plain wire remained un changed at $2.25 base a ?00 pounds, f. o. b. Pittsburgh. Younostown, April 7.?The Trumbull Steel Company, a large independent of Warren, Ohio, announced to-day an in crease of $2 a ton in the price of hot rolled steel strips and $3 a ton on cold rolled, bringing the price to 2 cents a pound for hot rolled and 3.67 for cold rolled. FREIGHT CAR LOADINGS GAIN. Cars loaded with revenue freight on the Chicago and Alton Railroad during March were 36,954. contrasted -with 28, S30 In March 1921. Loadings on the Illinois Central were 164,992 against 136, 156 in March. 1921. HADLEY RECEIVERSHIP OFF. SPRINOFIEI.D, Mass.. April 7.?The re ceivership of the Hadley Mills of South Hadley, a large textile concern, wan raised to-day by order of the Superior Court on the report of their receiver, C. Fayetto Smith, that all their obligations had been discharged. Interna M M lht clt 6s 1841 30. .06 9614 1 96% 96U 1 961a Interna Paper is Ser B 1947 3 R4 3 H41s 0 84 2 ?41g 1 84 3 841s Invincible Oil 8m 1931 1 0718 1 97 6 961a Iowa Central 4s 1951 ? 45 5 45181 5 46lai Jack ban ft Sag1 31*8 1951 4 70U! K C KtSc &. M i A? U28 5 1021a KO FtSct ft M, 4s 1936 i' 1 5 7814 2 78% j K C Southern ref Ss 1960 2 87 i 1 867g | 6 87 Kan C Southn 3s 1950 3 86 Kan O Term 4s 1(00 5 81 2 RO% KellySpr Tire H f SB 1931 5 IO6I4 5 1061a 1 106?? i Lackawanna Si [ 1st 5s 1923 17 99U Lackawanna St 1st 5s A 1950 6 841a j Lacled Gas Lt ref 5s 1914 1 90 ] h 8 ft M 80! deb 4s 19281 2 93U; L S ft M So deb 4s 1931 8 913, 2 9134 Lake Sh ft MS 3Vis 1997 Lehigh Valley clt 6s 1928 1 1021a 7 10218 Lehigh Val RK con 4 Ha 3203 2 891a Leh Val N Yi 4 Hs 1940 1 93 Liggett ft My 7* 1944 3 114 Liggett ft MT 5s 1951 1 95 4 9514 1 95lg Long Island ref 4s 1949 5 7710 100 77U Long Island deb 6s 1937 3 70 Lorlllard P 7s 1944 7 1037g Lou ft .left Bge 4s 1948 3 801a 4 81'a 2 82 Louis ft Nash ?Mi 2003 1 10184 5 102 Louis ft Nash 4a 1940 a 91 6 s7. 9034 Manatl Sugar 7Hb 1942 | when Issued 12 100 Manhat 4s 1990 9 ?3ia 7 64 1 64!* 4 64U 4 641a 1 6 65 1 641a Market St Ry fls 1924 6 93*8 48 94 5 9414 Market St Ry con As 1924 ft. .s7. 90^8 6. s7 90 10. s7. .9038 1 901a 0 .... 9014 7 90 1 901? 3 90U 3 90 3 901a Marland ' Oil 10-j- Ser A 21 1 0 93 Marland Oil 10-yr Ser AB1 wlthwarranta 6 100 I . . 101 Me* I'et of Del cn 8s 1936 1 10334 2 *6 103!s? I 103*8 Mich State Tel 1st H1 1924 1 971j Mldv St) ft Or col 5s 1938 2 86.14 23 87 2 8634 3 17 Minn ft Bt LNYNHftH tot con 5s 1934 deb <s 1948 1 80 1 7034 Minn ft St L 1 71 ref 6s 1962 3 7U4 I 10 40 15 71 Minn ft St L 3 7llgi 4s 1946 2 7114 I 5 451a 2 72 ! 1 46U 2 7213 ' 0 40 3 72 I M St PftSSM 9 721a I ?Hs 1931 NYNH ft H | 1C 1011a 4s 1966 M St P&SS M 2 4934 5s 1926 ; N Y N H ft H 2 69121 deb 4s 1957 M St P&SS M i 2 47 4s 1933 KYNHft H ? 3 87341 3Vis 1954 MlnnSSMftAt 3 45 4s 1929 N Y O ft West 20 9534 ref 4s 1993 < Mo Kan ft Texi 7 721a 6m ser A 1902 < 1 72U when Issued 4 74 1 831a! 8 721a 4 83% N Y Ont ft W 4 833g gen 4s 1951 Mo Kan ft Tex ! 5 667s On ser O 193: N Y Railways when Issued 1 adj lnc 5s 1942 72 95%j 10 8 10 9.W4 21 8I4 2 9558 3 8 Mo Kan ft Tex 56 8I4 adj 5s 1967 20..?7.. 814 when Issued 130 8I2 20 531g 5 9 47 53I4 N Y Railways 20 53%; 1st 4s 1942 26 531a I certificates 3 66t4i 13 34 1 631s | 18 341a 17 53u I N Y Slate Rys 10 53% 1 531a 6 533g 1 5312 5 5314 17 5312 10 5338 4sVi 1962 23 6938 2 69 N Y Susfj ft W gen 5s 1944 6... .4813 1 49 Mo Kan A Tex; N Y Susq ft W 1st 4s 1990 1st ref 5s 1937 3 771a' 4 62 Mo Pacific 6s 26 N Y Telephone 1 9534 ft tor A 1941 3 957P 4 10278 Mo Pacific 5s 65 | 2 ...103 1 861a' 2 10234 MlssouriPacific 17 100 gen 4s 1975 1 6 1027R 36 63U N Y Telephone 1 631a 66 194# 13 63 ! 2 1041a 3 03l4 n Y Telephone 1 63 , 1st 4Hs 193(1 1 ?33r 25 9l7g 1 631a N Y W ft Bos 21 tfSlg 44s 1949 Montana Pwr 2 Pac Gas ft Elec gen A 5s 1942 10 90 6 8934 I'an-Am P ft T tot equip 7s 30 6 97% 13 9734 1 971a Paris-Lyons Med 6s 1958 when Issued 41 8318 12 83I4 30 8.11a Pennsylvania 7s 1930 2 10714 Pennsylvania 6Vis 1936 6 1067g Si 7 1061a 2 10634 1 1061a 2 1065s 1 10634 Pennsylvania gen B 6* 1968 1 971 a 20 971a 3 975s 2 977B ?j 97ia 6 9734 Pennsylvania gn 4Hs A 1965 1 6 1 1 5584 na board A L adj 5s 1940 12 237g 18 24 15 2378 I 24 Feaboard A L ref 4s 1959 1 44 10 441a 20 44U 5 4312 I. as) a 88U 1 88ia 1 89 PeoOftC Chic ref 5s 1947 6 87U! Philippine Ry tot 4s 1937 1 541a 5 54<4 21 54 1 531a Pierce Oil s f deb 8s 1931 1 9918 P C C ft St, L 6s A 1970 1 945s Portland L&Pr 6s 1943 1 441a 1 43Ia ... 1 Seaboard A I. 4s 1950 ggVg stamped .84 tot A 5s 194.1 3 94 V 2 94% Montreal Trm tot A 5s 1941 2 861b Morris ft Co 1st 4Hs 1939 5 841a Nassau Klec cn 4s 1951 5 45 ! 6, 461a 2. 481a 4834 . 48ia . . 48% 1 4834 7 487S 5 4834 23 49 I 6 48.1, 3 4H5h 7 49 | Nor Southern : ref 5s 1961 | 1 69 Prodft Refiners 8s 1931 wlthwarrante 1 103 Pub Ser 0 N J 5s 1959 5 R21a 5 83 Reading ft P ft KCft I 4s 1997 ....8378 1. Nat Rys or Mi yor & Weetn l> 1 4)->s 1957 | ?.v fls 1929 Julycpnon 10 108% 10 35 11 1081a 2. .s30 . .3458 j 6 108?8 National Tube! Norfolk ft West cv 44s 1938 2 5 106 Nor ft Westn 48 1996 1 2 87 1 865* Nor ft Westn Poca 4s 1941 6 86 Northern Pac 6s ser R 2047 3 106 Northern Pac 4s 1997 3 8518 10 8.1 6. ,s7. .847g Northern Pac 3s 2047 1 6194 1 62 | No P Gt N Jt ; CV 6 Vis 1936 1 10578 5 1055s 1 3 1051a 4 1C6U 20 106 2 6 10434 10 10438 130 104 1 10418 62 104>a 10 10434 2 106 2 10434 1041a 5s 1962 1 9918 . 2 993g N O ft North east 4>?l1952 37 83 2 831a 20......83 N O Tex ft ill1 6s 1939 7 67 ' 3 ... 6714 7 671al 2 67V N Y Air Brake 1st 6s 1928 | 1 9834 j 2 9914 1 NY Central 7s 1930 1 10714 1 107 | N Y Central ? cv deb 6s 19.1.1 1 10234, 1 1021a! 10 10234! 2 1021a 4 102141 1 1021a! 6 102141 2 102131 1 102.34: 16 1021a 10 10214! 25 1021gj 2 10234 Nor Stages Pwr N Y Central ! 6s B 1941 fd ?s 2013 1 1001a when Issued Norwest Bell T 8 041a ' 1st 7s 1941 4 84 Repub Ir ft Stl 6s 1940 3 9384 1 9378 1 94 It 1 Ark ft La 4Hs 1934 5 sola 16 80% St HMft So 4s 1929 3 87 6 86I4 8t L Peoria ft NW 5s 1948 3 987ft StL R M ft P 5s 88 3 83 St L ft S r Ry 4s ser A 1950 9. 10.. 6. . SanA ft Ar P Ter Assn St L 4s 1943 4s 1953 1 75 3 791a Seaboard A Tex ft Pacific 1949 1st con 5s 2000 45 555s 1 9418 651a Third Av Ry 10 5534 adj lnc 5s 1960 657g 26 53 55ia Tide Water O 557g 6 Vis 1931 30 533.1 certificates 13 557g 2 IOI84 8 50 Tobacco ' Prod 5 551a 7s 1931 5534 1 9913 3 5 56 Tol St L V> 56I4 4s 198} 2 69 Union Pac fls 28 2 1031a l.csh.105 Union Pac 4s 47 3 91I3 1..sfl..91 1 911g 17 91 Union Pacific fd 4s 2008 1 86 1 8534 1 8? Union Tk Car eq tr 7s A 1930 6 1031a 1 103U 4 1041a 6 103 United Drug 1 1941 2 107 a 10714 1 107 1 10634 in 10 s6 1035g I 08, or 6 10358| I 1 10334 p s" Robber Sine Oon Oil 1 7 Vis 1930 7s 1937 ! , ,0534 receipts 1 10,514 2 985s c S Rubber 12 981a! 7s 1923 10 9858 [ n 102 * 981a! 16 101 -Ig 3 985s o 8 Rubber 2 981a Is 1947 2 985s 9 89 Hiar Stl Hoop 6......88)3 tf 8s 1941 1 8834 987g 10 89 10 99 2 887# South Car ft (la 6 8834 54s 1929 19 881a 2 8834 US Steel 5s 1963 12 102 10 10134 13 10158 1 10l7g 4 ...102 Utah Pow ft Lt 5s 1944 1... 9678 Vlrg CO 7Vis rj 1 9538 1.. . . . .9518 7 96 Vlr* C C 6s 1923 3 98 <4 Virginian 5s tij 5 9314 36 9634 3 9384 18 . 07 Virginian 5s 62 tfouthern Rwy 3 93U 6Via 1959 Wabash 1st 39 1 9714, 10 071a 1 07181 1 97,? 2 97i8l Wash Ter3V4s 45 3 97% I 6 79% 1 97I4 1 80 1 971a! Western Klec 10 59 Shar Stl Hoop1 s f 6s 1941 3,.'. .99 i Sine Con Oil | 7ViS 1925 9 9R1a South Pacific cv 4s 1929 30 ?01a South raclflc ref 41 H 8334! 1 87 83% | 27 8684 83'a i-outh Pacific B F T 4s 1950 1 *0 .81 2 811a SoPRSugarNJ 1st 7s 1941 20 9634 2 10788 1 IO7I4 3 107 8 10714 1 10738 Ont Pwr of NF 5s igi3 3 965. Oregon ft Calli In 1927 3 98 Oregon ShortL ref 4s 1929 2 91 1 OOI4 Oregon ShortL cons 5s 1946 guarantteed 10 ...100 2 9978 11 . ,100 Ore-Wall ft N 4s 1961 2 797g 1 7934 10834 j 4 7978 II 1081a OtlS Steel Co IO8I4I 8* A 1941 1 ?4V 84 941a N V Central ! deb 4s 1934 ! 8 R8U! 13 88 I 8 88I4 6 871a N Y Central Bin 4S 1998 8 81 N Y Central L S coll 3".i*98 9 ,731a NY Chi ft St I, deb 4s l?3t 6 8468 N Y Connect 44s 1953 5 8738 N \ Kdlson f.4* 1941 4 IO8I3 9 in*5s ..71 . .7078 7034 3 71 t *084 6 71 3 7084 8 71 1 7(J7g 2 71 4 71U St L ft 8 K Ry 5n ser B 1950 20 86 m L * 8 F R| ?s ser 0 1921 8 987g ft I, ft 8 P Kit ad] 6s 1983 4 791a 10 797? 7 791a 6 7914 1 791a 9 7?U 3 9?4 6 79 St L ft S F Ry lnc 6s i960 is nnip 3 60?R 16 661a 6 6634 7 67 . .6678 ..6634 4 . . . . 671a 45 67 13 671a 3 67 16 6634 6 671a Mt L Southwest tot 4m 89 1 77 II I. Southwest Is 1982 3 80 1 791a St L South wen eon 4s 1931 27 711 a 20 7434 3 7478 1 711, 8t I. Pont.hw-s 1st 4s 1989 1 771a StPftKD SliLu 4Vi* 1941 1 ... 971a 3 9738 1 9714 I 973, 5 071a 7 978g 1 97la 3 97 53 1922 20. ...100 WestMarylai'd 4S 1952 1 645s 1. 1 3 6414 12 641a 4 64 4.!... .07lo West Un 6Hs 30 2 ...9788! 2 10? 17 971a 1 10784 6 973f|l 1 108U 973i Westhse Kft M 97?8 i 7s 1931 9734 3 10614 977g 14 1061a OR West Pao 1st 4U 977g! 6.. 87 OSI41 West Cn (Vis 30 1 IORI4 Westhse tft II 7B 1931 2 1063s 3 1061a West Un 5s 3s ?la 16 Southern Ry 1st con 5s 1094 11 935b Southern Ry gen 4s 1956 10 645s 10 A4%!l West Un 4Vid 50 ]? 1 9238 '? SIS 4 9214 ,1 21^ 4 92 "i Westhse KAM i 512*1 7s 1931 a ? ' JT " 3 1061a C|? Pv Mnh40 WALKRLKDv _ ref A 4Hs 69 625b 10 .. 1... coll 4s 38 6 74 Standard Mill! 1st 5s 30 3 961 jl Stand Oil ofOal | 7s 1931 3 10?Wsj tot 6s 1942 2 10618! 1 .... 03 106% j Wilson ft Co 7 63 Wlckwlre Spen Steel 7s 1935 3 96.14 1 ... 967? f Wllkb ft Fast SYOKUI Is 1948 9 96U 3 P? 10 100 Pacific Coast 6* 1916 I 7?V 4 IOOI4 2 1061s Steel ft Tube 78 1951 1 . . .97% 1 1 9;iU Tex ft N O 5s 43 10 9934 Third Av Ry adj lnc 5s I960 1 2 531a 6 6284 3.... . 53 Third Av lly 1st 4s I960 9 .65 Tide Water O 6'?/l 1931 certificates y- , 5 lOHj 31 79l\ 'I rl-Ct v It ^ I 4. 26. a. 7913 7978 !tt 5s 23 10 10013 2 1001 g 14 1001a 7Vis 1931 1 9934 16 991j 3 997r 2 991? 1 99% 1 991 a 1 99% Wilson ft Co 1st fls A 1941 3 96% 4 901a 2 96% ? 9OI3 Wilson ft Co conv fls 1928 10 sol a 10 89% 25 891a Wis Cent. Hy lit, gen 4< ' ' I "Ola 4 NOT'FIXED'BY U.S., WILLARD DECLARES Baltimore and Ohio Head Savs He Resigned to Stiek to His Company. Washington. Anrll 7.?Daniel Wll lard. president of the Baltimore and Ohio Hallway, to-day, before the Senate In terstate Commerce Coitimlttee, told his side of the story of his severance of con nections. by order of William G. MeAtfoo, former Director-General, with the Fed eral Railroad Administration. "The publicity department of the Ad ministration got Its wires crossed and It was given out that I was fired,'' said Mr. Willard, who denied he was dis missed and said he, with other railroad executives In the Railroad Administra tion, was given the option of retaining his railroad or Government position. "I was requested to remain with the Railroad Administration as Federal man ager of the Kastern lines of the Balti more and Ohio," said Mr. Wlilard, "but I elected to retain my connection with the corporation." Mr. Wlilard declared that Mr. Mc Adoo's complaint of alleged Inefficient operation o'f the Baltimore and Ohio was made only twenty-one days after the latter became Director-General and without consultation with any Baltimore and Ohio officers. "Further. It was written six days after I had resigned my position as chairman of the War Industries Board In order that I might devote my entire time to Baltimore and Ohio affairs," said Mr. Willard. Mr. Wlilard also denied statements made to the committee by Frank J. Warne on behalf of the railroad broth erhoods that the Baltimore and Ohio was interested financially In coal pro ducing companies along its lines or railroad supply concerns. The Balti more and Ohio disposed of its coal In terests fourteen years ago, Mr. Willard said. Replying to statements of Mr. Mc Adoo that the railroads after being returned to private operation had be come less efficient through abandon ment of unified practices instituted during Federal control, Mr. Willard cited statistics to show extensive us?j by railroads of Joint facilities. "The railroads are making Joint or common use of any terminals and fa cilities where it can be shown that tho arrangement is an economical one and not Inimical to the best Interests ot the public," he said. "The idea of cooperation and coordination between railroads Is not a new discovery, but a practice well recognized and more generally followed than Is generally supposed." POSTPONE AIR BRAKE INQUIRY. Interstate Commerce Commission Sets Date for May 17. The Interstate Commerce Commis sion has postponed until May 17 the be ginning of Its Inquiry Into the adequacy of railroad air brake equipment and the possibility of Improvement thereof, originally set for April 6. Under the order carriers are given until the first of next month to file replies to a ques tionnaire Issued by the commission. The questionnaire shows that the pur pose of the commission is to determine to what extent loss of life, train delays and damage to property are involved in efficiency of existing air brake equip ment and practices. On that question the American Railway Association has taken the official position that no im provement worth Its cost can be m.ide. FOREIGN MARKETS. London, April 7.?Gilt edge securities were buoyant and the general tone of the stock market was firm to-day. There was active buying of oil shares, mainly or., speculative account, and British in dustrial Issues received better support. American rail stocks showed substantial gains, Ontario and Western leading with an advance of Cu points. Quotations follow : Bar silver. .13\d. an ounce. Bar gold, Ms., 8d. Money, 2',i per cent. FMscotint rates: Short and 3 months bills, 13-16 per cent. SH per cent, consols. B7%. British 5 per cent, war loan, P94. British 4% per cent, war loan. f>3'4 Pe Beers. 10%. Hand mines, 2'A. Paris. April 7.?Prices were Irregular on the Bourns to-day. Quotation* fol low : Francs. Cent. R per cent, rentes #7 JW Rxrhange on l<ondon 4* 3 per cent, loan 77 Unted States dollar 1" BUSINESS FAILURES IN LAST WEEK INCREASE South Only Section to Show a Decrease in Period. Business failures Increased last week to 662 in contrast to 611 In the preceding week and 322 In the corresponding week of 1921, according to R. O. Dun & Co. The South was the only section which showed a decrease. Of the week's fail ures. 333. or 69.3 per cent., had liabili ties of $5,000 or more in contrast to 61.4 per cent, in the preceding week and 66.3 per cent, in the corresponding week of 1921. R. Q. Dun & Co. said: "A basis un mistakably exists for the statement that the scope of business recovery is widening In spite of the deleterious in fluence of present labor troubles and the unsettling cfects of past economic readjustments. While uniformity of Improvement Is conspicuously lacking, Irregularity of demand and prices is a natural concomitant of commercial recuperation and its absence now would be surprising. Tfhat confidence has strengthened rather than lessened is evidenced by the tenor of dispatches from different sections of the country and gains in actual transactions have exceeded expectations in some Impor tant industries. A further substantial upturn In the rate of steel production, with an accompanying enlargement of pig Iron output, is a highly significant development and can scarcely fall to benefit the general situation while the multiplying signs of renewed activity in construction lines, of augmented mater ials and of betterment in the automobile trade are prominent among the favor able features." According to Bradntreit's State of Trade, "perhaps the most notable fea tures of the trade and industrial situa tion are wide differences In activity shown in big basic lines of industry as the season of outdoor operations begins. In such important lines as building and ita related trades, in iron and steel, in automobile manufacture and in agricul ture the reports are mostly of decided and confident steps forward. Retail trade, feeling the urge of spring and the stimulus of the approach of Easter, shows more activity reflected in a fair Jobbing trade for strictly season goods." EQUIPMENT TRUSTS. (Quoted on a percentage basis.) Maturity. Rate. Bid. Ask. Atcli., To. * P. P...1923-35 fi . 5.62 5.20 Atlan. Coast Lino.. 1928-35 fi 5.70 5.50 Atlan. Coast Line.. 1923-38 fi'i 5.65 5.40 Baltimore ft Ohio... 1022-27 4'i 5.75 5.40 Baltimore ft Ohio.. .1023-35 6 5.85 5.50 Bethlehem Steel 1022-30 7 0.60 6.10 But.. Roch. ft Pitts. 1022-35 4V4-5-6 5.00 5.25 Canadian Pacific. ..1922-32 4^-6 5.80 5.40 Cent. R. R. of N. J.1023-35 fi 5.62 5.35 Chesapeake & Ohio. 1023-35 fl-BVa 5.75 5.50 Chi., Burl. ft Quin.. 1023-35 B 5.02 5.20 Chi. ft Northwest.. 1922-23 4',-i 5.B0 5.25 I Chi. ft Northwest. .1923-35 fi 5.70 5.45 I Chi. ft North west.. 1925-30 flVi 5.65 5.40 j Chi.. R. Is!. A Pac.1922-27 4V4-5 5.75 5.50 Chi.. R. Jsl. ft Pac.1923-35 6 5.75 5.50 Chi.. St. I. ft N. 0.1922-24 5 5.70 5.40 I C.. C.. C. ft St. L..1922-29 5-6 5.75 5.50 Del. ft Hudson 1923-35 6 5.70 5.40 Rrle Rsllfoad 1922-28 4%-5-6 6.10 5.70 fireat Northern Ry. 1923-35 fi 5.65 5.40 Illinois Central 1922-27 4?4-5 5.60 5.40 Illinois Central 1923-35 6 5.65 5.45 Illinois Central ....1925-3<1 6^-7 6.65 B.40 Louis, ft Nashville 1922-23 5 5.60 5.25 Louis, ft Nashville. 1923-35 6 8.60 5.40 Louis, ft Nashville. 1922-36 6'i 5.60 5.40 Michigan Central.. .1922-35 5-6 5.70 5.40 M.. S. P. ft 8. S. M.1922-26 4%-5 5.90 5.50 M S. P. ft S. S. M. 1922-35 6-6V4-7 5.90 5.55 Mo., Kan. A Texas. 1922-24 5 6.25 5.75 Nat. Steel Car L... 1922-28 8 8.40 7.60 New York Central..1922-32 4<4-5 5.60 5.40 New York Central. 1923-35 6 5.70 5.50 New York Central. 1923-35 7 5.85 5.40 N. Y.. N. H. ft II... 1922-24 4'j-5-6 fl.50 6.00 Norfolk ft Western. 1922-24 4>i 5.60 5.25 Norfolk ft Western. 1923-35 6 5.60 5.40 Northern Pacific.. .1922-30 7 5.75 5.40 Pac. Fruit Express. 1925-35 7 5.70 5.40 Penn. C.en. Freight 1922-23 4-4tt 5.60 5.25 Penn. Railroad 1923-35 6 5.75 5.40 Pere Marquette 1923-35 6 5.75 5.50 Pitts, ft Lake Erie. 1923-35 6-6^ 5.75 5.50 Reading Company.. 1922-37 4',4 5.65 5.30 Seaboard Air Line.. 1922-27 4^-5-6 6.12 5.90 Southern Pacific... .1922-28 4Vi 5.65 5.40 Houthern Pacific... .1923-35 6-7 5.60 5.35 Southern Railway. .1922-26 4H-5 5.75 5.50 Southern Railway. .1923-35 6 5.85 5.50 St. L. ft San Fran. .192.1-35 6 5.85 5.50 Union Paclflo 1924-35 7 5.60 5.36 Virginian Railway..1922-35 6 5.85 5.55 ILLINOIS CENTRAL TO BUT CARS The Illinois Central Railroad Company lias received authority from the Inter state Commerce Commission to enter into an agreement to lease and purchase 6.G00 refrigerator cars from the Pull man Company for an estimated cost of $1,748,600. ccstom norsE receipts. Receipts for duties at the Custom House yesterday were $879,672.33, of which $256. H07.56 was for merchandise withdrawn from bonded warehouses, and $622,764.77 for re cent Importations. PENNSYLVANIA OIL. .OIL CITY, April 7.?Credit balances, $3.85: ran*. 77.21M; average, 45,200; shipment*, 42,721; average. 47.727. BID AND ASKED QUOTATIONS N. T. STOCK EXCHANGE QUOTATIONS. T? the following prloea accrued Interest Ik to be added: FOREIGN GOVERNMENT AND MUNICI PAL. BONDS. '43... Bid 83 102% 102% Argentina Intern. 5s Belgian % vr. 6a Belgian 7%a. '45 108% 108% Belgian 8s, '45 108 108% Bergen 8*. '45 109VI 110 Bern 8s, '45 112 112*4 Bordeaux 6s. '34 87% 87% Brazil 8s. 41 107 107'i, Canada 3a, '26 OR 99'4 Canada 614*, '29 100% 100% Canada 6s, 'SI ? 98% OS1* Chile 8?. '41 1041, 104% Chile 8a. '26 10'J 102% Chrlstlanta 8s, '43 IW, I Bid Auto galea do pf 13 I Bald L. pf..l08 , Barn.n Llh 4i I do pf.... 80 . Bayuk liro. .",4 BoothF lpf 30 ! Brunswick. 4 . Brown Sh. 48 do pf 01'4 #2 But & Sua. 8" 90 do pf.... 48 Buf R A P 50 Ask. I Bid. 6% i M Mo ct... 1 do Ipf ct. 5 do 2pf ct. 2 Mex Pet pf 86 Mich Cent. 120 M8P8SM pf 80 do Lt L... 03 MKATpf... 8% do war.. 1714 do war pf 16% Mor A Baa. 76 Mont ]' pf.10.114 MulllnsBpt 10914 40'* 9?i 30 38 4% 4914 60 jtjiji a ? r .. Burns B pf 0014 98% NC A UtL.105 110 03 9014 [Copenhagen 5%s, "44 92% Cuba Extern. 6a, 90 Cuba Extern. 5a ser. A, '14 87 Cuba Extern 4He, '49 78',4 7914 Denmark 8s, '48 112 11214 Denmark 8s A, '46... 112'* 1121i Denmark 8s B. '46 1I2<4 11214 Denmark 6?. '42 98* 1)814 Dutch Ea?t Indlea 6s. '47 94'4 9114 Framerican Industrial Develop.. 99 991* France 714s. 41 102'4 10214 Trance 8s, '45 106% 106% Italy 5 yr. 6%? 94'4 95 ?lapan 4s atrlg. loan, '31 7514 75% Japan 4%a atrlg. loan, '25 001* 00% Japan 414a 2d ser., '23 89'4 89% I.yons 15 yr. 6s. '84 87% 88 Marseilles IB yr. 6s, 'S3 87% H8 Mexico Kxter. cold 4s, '54 56% 67 Mexico Exter. strlg. 6s, '45 0.3 0314 Mexico Irrigation 4V4a, '46 41 42 Qui cnsland 6a, '47 1 "1'* inp<, Queensland 7s, '41 108'* 108% rtlo de Janeiro 8s. "46 103% 104 San Domingo 5a. '88 92'* 92% San Paulo 8s, '86 l(V"i 10,'>'* Rwuden 6s. '39 100% 100% Switzerland 8s. '40 116% 117 Uruguay 8s, '46.... 105% n'm Zurich 8s. '45 112% United Kingdom 5%s, '22 106U do p p... Bush Term .. Oil A Ariz 60 ' Can South. 81 i t'ase pf.... 75 Cert Pr lpf 88 do 2d pf. . . ! CANW pf..l10 CI Peabody 84% i Col Fuel pf 95 110 100 61 Nat Bis... 134 do pf 118 Nat CAS pf 85 Nat EA8 pf 85 Nat. Dead.. 90% do pf 110 78% 1 N Ry M 1pf 10 114 i NYCST, lpf 72 r.H I do 2d pf. 60 NYStateRy 9.-? ColARo lpf. 60% 61% Norf South 20 113 107 107 100% 94% 105% 106 R. R. 6s 83'fc 83% United Kingdom 5<4s. '29 106** l">ilted Kingdom H4a, '37 1001* Netherlands 94'* San Taiilo 9s Paris I.vona Med. C. R. PREWAR BONDS. Bid. Ask.I Bid. 2a r 'ao.,.102% ina%! T I 4s '34. 80% 3a e '46 .. 87 .. |P T 4a '83. 80"* 4s r '2.V.. 104% 105%! D of O 8-65 98 P 2a r '86.102% 10314'Haw 4e 41. 89 P 2s r '88.103% .. |P R 4a '40. 87 P 3a r '61. 87 90 [ Aak. 83 85 were no transactions yesterday: Closing prices of stocks In which the Bid. Advance 11. 17 Air R-duct 53% Alaska .tun I A ma I S 1st o:;% A A ('hem. 4" A Bk N pf. 51% A Beet 3 Pf 70 A f'otOII pf .".314 Amor Rxp.13814 Am I?ln pf. 57'4 A l<oco uf.ll'i Am M * tl J.I AmHad pt.IIU A S See pfB ?S Ask. ,7> 54% l% 80 40'* 53 140 f.9 116 15'4 10? Rid. A Ht Fdy pf 96% A Hnitff pf. 04 A Sum T pf III Am/ TelAO. 62% A WWk 7% 80 A Whfll pf 02 A Wo.il pf. 104 Am Zinc pf 39 Ann Arbor 10 Art Metals 15% | Assets Ileal 1% A Dry'! 2pf 81 At nefln...925 do pf.... 114 Ask. 97 100 00 t!5 84% 94 100 41 17 10 1% 950 11314 do 2d pf. 54 i Con Cigar. 2"> do pf 55 Con Can pf.102% I Con Inaur.. 60 I CornPr pf.113 | CrexCarpet 34 I De Beera.. 18% ; Deem pf.. 70 DetAMack. 25 Det United .. Dill f-NAA. 4 do pf.... 7 j Durham H 19 I do pf. ... 80 Elk HF pf 33% 38 Emer B pf 28 30 En.lic J pf.108% 109% Fed M A S 11 12 do pf ... 89% 40% ' Falrhanka. 18 FlaherB pf.101 j Gen Clg pf.ioo do deb pf 90 I O A Tank. 58 Hen Mot pf 79 I milliard pf 75 C? M A N pf 28 Gulf Steal. 82% llarvea pf.108 Hartman., 96 Handea M. 18 Tnd Ref pf. .. Int Agrl... 10 do pf..... 40% Int M T 2pf 74V4 Int Pap pf 75 MOO Int Salt... 89 70 Iowa Cent. 7 9 Jewel T pf 63 85 Kayser .... 94% 96% do 1st tif.118 K8pT6<* pf 77% ?! do 8%.... 98li 10014 KetWhl pf.104 107 l<eo A D M 7 8 do Pf.... 20 KrgeSS pf.108 Kresa S IT. 70 do pf....105 I.igAM pf .11014 IIS Uma I, pf.110 111% T.orU'd pf. 106 114 Loose-W... 12 43 dn 1st pf 90 102 do 2(1 pf.107% 109% Mack ay pf no 63% Mallll'n pf 70 80 M Shirt pf.102 Manatl ffug 40 do pf.... 70 MayDH pf 112 Max Mot A 61% 83 NorfAW pf 74 27% | Nunnally... 11 Ohio Fuel. 40 Otis Elev.. 1.32 do pf.... 95 Owens B pf 98 Pao Oat lpf 80 do 2d pf. 20 Pa>- TelAT. 38 Panhandle. .. do pf Penney pf.. 94 Peoria A E 15 riilillpsj pf 8014 Pit Coal pf 93 PFWC pf.,135 PrHteelC pf 94 Prod A It pf. .3 7'4 RyHt Hp pf.100 Ren A Sar.118 30 ! R Rets pf 6.",% 103 Rem 1st pf 05 102% j do 2d pr. 57 100 | ReyTob pf.111% Sears-R pf.100 SDASF pf.. 49% SPR Hug pf 9? Stand M pf 88 sup ;*n pf. Tamtor A.. 2% do B Texas L T.360 Tide W 0.118'4 Tob Prd pf. 89 u. Twin City. 45% do pf 79% Underwd ..121 do pf.... 112 TTnlonTank 97 do pf.... 10.3 TTnClg Sts.105 do pf.... 105 Un Alloy . 30% U Drug lpf 43 do 2d pf. 44% Un Dyewd. 35 U s Expr.. 0% UHInAlnpf 88 TT S Tobac. 45% do pf 108 US SniR pf 41% Va-Caro C. .34% Va TfAC pf 08 Va Rv ft P 38% VRaalto pf 90 West Air B 89'4 Wells Fst. 76 Wot Air R 8914 Wilson pf.. 80 Wooltli pf. 117 Worth nf A 89 ?E* dividend. 60 69% 118 40 18% 71 84 4% 9 25 87 89% ?82 79 29 83% 111 97 19% 72 11 41 75 108 112 110'i 49 70% 116 87 88 67 ?% 18 17% 78% 104 961* 110 186% 121 89 90 91% 112 11% ?82 ?68 33% 20% 75% 12 47 136 101 60 50 62 ft 79 100 1614 83% ?94 69% 112% 102 51% 96 91 95 2% % 430 120 91% 46 SK 157 120 103 103'4 150 110 30% 48% 45 40 7 92 lii 16'i 3514 118 90 Crop Is Doing Well, With 2.4 Points Improvement; Larger TT. S. Estimate on Rye. Washington, April 7. ? A winter wheat crop of about 14,000,000 bushels smaller and a rye orap almost 12.000,000 bushels larger than last year were fore cast to-day by the Department of Agri culture. Winter wheat came through ,the winter In good shape and rfiowed an Im provement of 2.4 points In condition on April 1, compared with December. The smaller crop la due to a reduction of 1.3 per cent, in the area sown last fall. Winter wheat production was forecast at 672,974,000 bushels and rye at 89,667. 000, based on the April ? 1 condition, which was winter wheat 78.4 per cent, of normal and rye 89 per cent. The winter wheat foreoast compares with 587,032,000 bushels produced last year, 610,597,000 In 1920 and 578,576,000 the Ave years average. The rye fore cast compares with 57,918,000 bushels produced last year, 60.490,000 In 1920 and 66,474,000 the five year average. The area sown to winter wheat was 44,293,000 acres or 1.2 per cent, less than the revised area sown in 1920. The con dition of December 1 last was 76 per cent., which was 11.9 per cent, lower than the previous year and 13 per cent, lower than the ten year average. Tho condition of winter wheat on April 1 in the principal producing States was: Pennsylvania, 92 ; Ohio, 87 ; Indiana, 9" ; Illinois, 93 ; Missouri. 88 ; Nebraska, sn ; Kansas, 65 ; Texas, 57 ; Oklahoma. 64 ; Colorado, 77, and Washington, 85. PRODUCE. APPLES?Kin g. barrels. $j?7.50; Stark. $5? 10; Baldwin, $508: Wagener, ??"> 07; Southern Spy, SfijjlJ; Bon DaMs. $4.5007.25; r.usset, $536.50; ordinary, ungraded, $535.50: Newtown Pip pin, Western, box, $2.2503.75; Jonathan British Columbia, $2.83; Wlnesap, $2@4 Spltzenberg, $2.2503.50; Western, Pearmal". ?U.ir??a.lO: A. Black. $2.15?3.50; Roin? Beauty. $2@4; Delicious, $2?4; Ben Da\lr, $2?3.40. BEANS?Marrow, choice, domestic, 100 lb*.. $6.75?7; Pea. $7.1B?7.25; medium, $7.1 >(0 7.25; medium, Kotenashl, $506; medlnni. Rumanian, $6.2500.50; Red Kidney. $8.2.'>0 8.50; Imperial, $8.50. BUTTER?-Creamery, higher than extrar. lb., 35Vi?36c.; extras. 02 score. 35c.; first*-. 33?34Hc.; seconds. 32?32V4c.; lower grades. 30?31%C.; centralized, cars, 00 score. 34tf 34V4c.; 89 score, 38',iJiS3**c.; 88 score. 839 33Uc.; 85 to 87 score, 32@32Uc.; unsftlteri. higher than extras. 37087'ic.; extras, OT score, 36?30V4c.; firsts, 33?35Vic.; seconds, 3241330.; lower grades, 30?31Hc.; Stat* dairy, tubs, finest. 83#?34%c.; good to prime, 32?83c.; common to fair, 28081c.; ladles, current make, extras, 27?28c.; firsts, 24V4?25c.; seconds, 22Vi?28c.; lower grades. 20?22c.; packing stock, currcnt make, No. 1, 23c.; No. 2, 21022c. lpwer grades, 18?20%o. CHEESE? New York State flats, held specials, 24?2r.<c.; fresh specials. 184i ?10Hc.; average run, fresh. 18? 18^c.; State twins, held specials. 23tt024c.. fresh specials, 18%c.: average run, 18c Wisconsin. Double Daisies, colored, fancy, 23 g24c.; Single Daisies, colored, fancy, 23? 24c.; Young Americas, held, 23%@24V4o. EGOS?Fresh gathered, extras, dozen. 30c., storage packed, extra firsts, 28l4?29c.; stor age packed, firsts, 27028c.; regular packed, extra firsts, 27028c.; firsts. 24\*026V4c.; sec onds. 23'.4@24c.; trade eggs. 28?24c.; dirties, storage packed. No. 1. 22*?23c.; regular packed. No. 1. 22?22?4c.; No. 2 and poorer. 21?21Vic.; checks, fair to choice, dry, 31? 22c.: New Jersey, hennery whites, oandlod. extras, 38?89c.; uncandled, extras. Sue ; nearby and nearby Western hennery, whites, average extras, 35c.; extra flrats, 32?84c.. firsts, 29?31c.: nearby gsthered whites, firsts to extra firsts, 20?.".2c.; under grades, 27?28c.; pullets eggs. 26020V4C.; Paolfle coast, whites, extras, 86c.; extra firsts, 8'? 35c.; firsts, 30?32c.; under grades, 28029c.. pullets, 2602BV4O.; other Western and South ern, gathered whites, "7?30c.; nearby and nearby Western hennery browns, ssttra, 31c.; nearby brown and mixed colors, gatn ered extras, 30c.; firsts to extra flrats. 25? 28c.; duck eggs, Baltimore, Maryland and Virginia. 48?45c.; Western and prime South ern, 85?40c.: far Southern, good to prime, 35c.; goose eggs, $1.2501.50. POTATOES?Maine, 180 lbs.. *3.5O0'1: )?*? lbs.. $3?3.25; State, 180 lbs.. S3.5O03.75. State and Maine, 150 lbs., $2.5003; Jersey. 150 lbs., $1.5002. T-ong 1.50; Virginia, second crop. $2,500-75, Rei muda, barrel. $5?12; Florida. barrel. $ 2 . >0 ?9; Cobbler. $2ff7.50; sweets. Jersey. has k<?t S2.2M23; Delaware and Maryland, $i.7.?w ?> o^. Virginia, barrel, $2.75?3.75; yam*. Virginia, barrel. $15008.75". South Carolina, crate. $1.2501.40; Georgia, basket, $1.75. POULTRY?DRESSED ? Chickens, frozen broilers. 27043c.; fryers, 27082c.; roasteis. 28?88c.; fresh stags. 21027c ; frozen, 2.10 29c.; fowls, fresh. Western, boxes, 23033c.. Wostprn kesff, 20?82c.; barrels, dry, 31c.; Iced. 22030c.. frozen. 22?32?: old cocks fresh. 20?2Bc.; fror.en. 20?-"'.. capon's, frozen. Western. 36048c T?rkeys. votins fresh, .l&?4ac ??; frozen. No. 1, 47tf51< . ' _00rt 35<ff4ftc.; old toms, 35?42c . old hens. 40W48c. Ducks. Long Island, spring. 35c.; Western, frozen 20026c. Ge.se, f rozen. Western. 15020c. Squabs, fresh, white, dozen, $4010. rnn.TKY?T.IVE? Fowls, freight. 28W.,r?c . express 30032c.; chickens, freight, ..?4.c.; exDres?. 28035c.; spring broilers, freight, -iv? exDtess 35070c.; capons, freight <" ? Old roosters, freight. 1flc. Tiirkeys freight 25030c.: express, 85040c. Twits 'freight. 22^T24r.; 28^8^. Muscovy 17c. Geese, freight. 15018c ; ex press 10020c. Pigeons, pair. ?5o. Guineas, pi" 70c Rabbits, freight or express, ,15c. MTU STOCK ANn MEAT PRICES. Common to prime steers, 100 lbs. W 00? ? ];? Common|to choice bulls. 100 lbs . .?? Common to choice cows, 100 lbs.. I... ? -(i rommon to prime vpa1*' 1(*VIb"-* - n? s no Common to fa r ewes, 100 Ibs.^.. . ?? 00W ?-?JJ Common to prime lambs, 100 lbs. ,t.OCOT16. T,l\*e hogs. 100 " n^'iV Dressed beef, ste^r sides, lb 11* "1 City dressed veals, lb 11 Dressed mutton, b Dressed wethers, lb. ' ' * y: Dressed lambs, city, lb -"0 SHORT TERM NOTES. Ttin. nuV nn. m-. AIumCo.ofAm.. .7 Nov. 102U 102 H AjumroofAm.. .7 Oct. 1933 103 101 AmCottonOU II Sept. 3,'3-t 05 'i 90 AmTelATel 8 Oct. 1022 100 7-18 10)9 I . AmTflkTri 8 Feb. 1021 101 1)1', AmThread 8 Doc. IWS 101 Ml ?( AmTobaoco 7 Nov. 1922 lOJ'i lit , AmTobteco 7 Not. 19JI 102'4 102'f An?< ond?<-op 8 Jan. 1029 99 90'< AnacondaCop. ? .7 Jan. 11)20 103 Ml', An*AmOll.L,t<1...7H April 192 "> 103J4' Mi , Armour.Oonr... .7 July IS.'30 102)4 Ml B&ORllCoU 0 April 1924 99', 91, UellTeloff'an 7 April 103.'. 102 Mi , BethleUemSU 7 July 15,'23 102", MU'i C'enNorthernRy.5yf Doc. 19J2 loivj Mi , CeoNorthernRy.SK Deo. 1021 09't )>'?' OanPaclflcKy... .8 Mar. 2,'2l 101', Ml ", CYnt Argentine.. .0 Fab. 1027 03*4 I', C oniG??ofN'Y.. .7 Dw. 1.'22 101 3-16 i )t .*>-10 I'opRxpAmo.Tac.H F#b. 15,'23 10J I <. ', ( ol FxrAnoti.Inc.s Feb. IIS,'21 102?f M.l.', CopExpAnn.Inc.H Feb. la.'25 103V ui >; CiidabyPacklnf. .7 July 1S/21 IujJi i n ? I rderalSufRsf.. .8 Nor. 1921 ?J \ 10) ? 'I hrBFGoo<l.oa/.7 April 19a'JS!? rt i (JulfOilCorp 6 July 1021 100K I0OS CililfOllCoPP. . . .7 Feb. 1933 103^ 103?? I! JIlelDI 7 Dec. 1930 I04i? 104 >? Hoi king Valley.. .8 Mar. 1921 99k' 100 lluuibleOMt... .7 Mar 15,'23 10013-10 101 lKTconv a Sept. 1932 77 H 7?'? KanCltyTerRy. .8 Nov. IS.'33 100^ too/, KrnnecottOorp. .7 Feb. 1930 102 X 101), LarledeOLl Aref. 7 Jan. 1939 ()?)* JS't rbtladelphla 8 Feb. 1944 98Ja 98 '4 i'io('lerAOamble..7 Mar. 1933 101 If 102 RJRrynoldaTob.tl Auk. 1933 100H 100 f-earaRoebtick,. .7 Oct. 1S,'23 100 100 74 KearaRoebuck. . .7 Oct. 15,'23 100H 100.'* frolray. 8 Oct. 1927 103>? 104 Sou th wat Bel I Tel. 7 April 193 % 102 103 U HPt'nDepotffuar.Stt Deo. 1S.'33 100 100H H?n.lOllN\ 7 Tail. 1938-31 104 109 M*ndO?N"V 8X May 1933 10?H 108 fewlft 7 Oct. I6,'3S 101 101 M Kwlft 7 Au*. 15.'31 103? 109!* TMTegaaCo 7 Mar. 1/93 101"* 10l?i I'tahi'ecC'orp....8 Sept. 15.'22 99?< 100 VacuuirOU 7 April 193U 1 08>,4 iot Weatb.lecCo.con.7 April 1935 108K |l,u VMa.Edl?Coe^ny.? 'AMay 1924 98H MM