Evening star., 1921-04-22
|ANST0N. SHARES
80
:ST
]: ]: ] ] WERE IN DEMAND
~ IEfuI ENv I'LL NH IN Nil
Jsr "
f's So
Sold to 78 1-2-Utilities
Quiet, But Strong-MisCel-
r;-a
lstane0uS Financial News.
BY 1. 4. FLEMING.

:,The features in the limited trading
market in local securities today were
the strength developed in Washing
tspa Gas a. notes and the strength
shown in Lanstou shares. which again
advanced TO within a fraction of the
rcfrnt high of 1874. when the stock
so4f at 1sI.. The - per cent Gas
notes advanced to 1.0lal.olls.
.-There were no sales of the public
uttlity shares. hut they We're all held
very firmly, especially the fractions.
offerings are extremely light. and
hoiders show not the slightest dis
9oSiIiou to make concessions in order
to further sales.
Potomac consolidated 5s brought
81. and Railway and Electric general
6s s6i:
Decrease in Exports Value.
Part of the big decrease in the cx-
ports of American products may be
accounted for by the Icssened value,
but the real reason is the inability of
the people of the old world TO pay
for what they want and what we have
to sell. Since the ending OF foreign
loans by our government the foreign
trade has suffered greatly.
But corn eXpOrtcd at better than 50
cents, as compared with corn al near
ly s. Il bushcl, shows there must be
a very severe falling of IN values
Other staples showed nearly the same
value depreciation. Cotton at haif-
pNCc and flour at twn-third price. IN
comparison with q year ago. marks
other extreme recesSions in values
and emphasizes the reduced cost OF
living.
Income Tax Collections.
Mellon The
uents on account of income taxes,
first installment, payable March 10. as
S72T.542,54a, as compared with S9lS,-
S79.463 for the corresponding quarter
of 1920. The decrease of Sl,335.Sli,
If maintained through the three INSTALL
ments yet to be paid, would Indicate
loss of revenue for the year OF Soo'.3i5,-
taS
Peter A. Drury president of the
Merchants Bank, has returned from a
Western trip.
Wall street Notes.
Coal exports are twice as heavy as
in 1920. Experts declare there is no
proba bilTty of shortage in anthracite
coal this year.
Cleveland reports no appreclabie
stimulus in the iron trade
Reports from the west indicate that
retail trade is showing material bet
ter rfnent-
Harvesting machinery industry is
now operating to about 80 per cent OF
capacity.
Farmers find some satisfaction with
the cheaper prices for commodities
s+s an offset for their own products.
depreciation.
Pennsy fvania Fuel showed earnings
for the year ended December. 81. 1920.
~ s1.20 share. par value. s25. as
compared with S2.16 a share in 1919.
Treasury Department has ruled that
railroad corporations whose property
Vas held and operated by the govern
mon, under the Army appropriation
act are. not subject to the capital
stock tax during the period when un-
der government control.
Bonds to the amount of 4I.524,S36
face value will mature during the
month OF May. including s17.633.750
pubic utility issues
1t is said that Indications point to a
very general exchange of the pro-
posed 619 sper cent Northern Pacific
Great Northern bonds for the c., B. &
O. joint IS. if the l. c. c., gives its
consent TO this plan of refunding.
Undelivered Checks.
ghe Treasury Department is making
an effort to economiZe on clerical help
III the matter of paying interest checks
on registered liberty issues. Holders of
itSiSttFtu pollus are pel1lS asked 10
furnish a list of their bonds in order
that one check may be mailed semi-an-
nually for all interest matured.
The Treasury Department holds %. 900
checks for interest mailed to owners
whose addressing have been incorrect
many owners having moved and not a
few have died without any one knowing
anything about their securities.
Amounts of such unbelievable checks
nun into hundreds of thousands of dol
lars. and the checks cannot be held in
definitely.