c- k f- A y IkS m m fii ' m .i m 18 E P -WENING MARKET! H- VERr irregular; PEKING PUBLIC (LEDGER-PHILADELPHIA, BATUKDAY, JANUAilY 21, 1922 STRAWBRIDGE & CLOTHIER First (Closed) MertRnge 6s Due March 1, 1942 COMMERCIAL TRUST COMPANY Member rederni Tteawre Bymtm City Hall Square West mmmmsmmmmammmmm Tactics of Powerful Specula tive Forces Uncever Intor Inter Intor esting Sidelights TVJE will issue en the iit tecnth of each month during 1922, a forecast of business conditions com piled from reliable statis tical sources. The January issue is new ready for dis tribution and upon request we will be pleased te mail a copy and enter your name en our list te receive the subsequent issues. Samuel McCreery & Ce. iftxtifa Ph. 'a. fleck Vreliartae Franklin Dank Building ' New Yerlt. .Tan. 21 . -The irregularity !mj rn gited price mccemetit uu11.v en-1 i countered In the wake of en exhibition I I nr witnessed yettrday prevailed In t-1 i day's nherf fw!en of tie ..taik mar-' kit. Tlie week.eai! cveuinK up of tt t luaffr.Sena! tradem oeatributnl te in 'cri'it tin.' t'etifushiv lluctunl.erj. Tbv! i market, liewwcr. lui! one very t trnnc -lint l'i the enppci .'n-up, which under tin lean n' ICfiince'it reicistqreij Mile i '. ntia! advance?. On the i.ther hand. IV? Independent steel shore buffered i ft..-tae,. reactions with Oulf States ,Siviil mr.lini another abrupt break te i iiM, after an early ndvance te 7i. or, LOVj points from tlts top flfture mnde .t"terda. Tlie ether members of the; group meed In the same way. biit with; lev violence. Predf-taklng was very , truiiprnl thiounheut tlie list, te facilitate' thep operations the cepner3 evldeiitly ' wre selected n a cover, uenllngs were' bread and ictiv in the lirtt hour, but ' (Mewed down t' n great extent In the final dealiutM. i Yesterday's coup in the Independent Meel nharc.s may safely b" accepted as j nn illustration of what might happen' nny time, and in any preup of tteclta, ' i nheuM n certain coterie of financial in i terei.ts see lit te start the steam roller moving. r.ayinK nslde the spectacular features nttendlnR thin exciting demon demen demon 'strutlen, seeral convincing facta are te ' be derive l from the incident. One. I 'which carried with It n great siniilfi I ounce. In w far ae shaping the future course of securiti ialue-8. Is that the. powerful speculative forces are evidently pledged te the constructive program. Tlie ether 1p. the current J car Is likely : te w itnen an entiles chain of merger prepositions. Seme of them may never i materialize, but they are almost eer- ' tain te give a superabundant supply of i speculative incentives. It Is granted manipulation unques- ' tienably played a very important part In many of the recent market demnnrtm- tiens. It i 'likewise true, that home of t wat of th rankest order. Manipula tion ever hnw been the hanil maiden of speculate e markets and furnished tlie preliminaries of iery great- swing. The I fact, however, "should net be overlooked, conditions must be nt least .'0 per cent' perfect before Mich manipulative pro grams cun be carried te success. It is a , common practice, especially en the part of these who have missed their market tpepulurb known as sold out bulls) te charge every stage of elevation In a con structive movement te manipulative In fluence.. Repeated intimations were made iccently of this character in con- i nectien with the recovery In the foreign evhange markets, vet facta and figure? have conclusively proven beyond dispute that the improvement was built upon n much mere substantial foundation. These familiar with the technical side of the market long age expressed the view n major forward movement in the main bedv of decks was only n matter of time when the active Interests could ( obtain sufficient menctnry occemmodn- i I tiens te support MICH u i-iiuiiiuiBU. 4.111; TT Zl rt ZT: -r continued nisemcnt In money conditions DOCS lOlir Corporation AeediweuW seemingly suggest such ti period Financing? had nrrived or was yry close nt hand. Our prfct.a nnancinc ..Mn. eeuplea with , La,,t wwk- a COnS"t41 i larRt. itrh-eln al ere muatlnn Mid time money was put out around -H-j cllmtHt. enaMes u te nln Wi very , ner cent. Although the supply was tern -niilckly fjreorper. tlena of merit Our ,rv- S".,?J iVknnH.l. nil Mitt neit.t t cew ara iucm pim.nwmiv unu ceinmmaln,. i'"i"v - ---- ----. --w . Industrial Corporation, en account of increased business approximating eOc of present ' capacitj, will issue limited i amount of ' Cumulative ' preferred stock for expansion ' purposes, established since t 189 1 and operating one of the i largest plants of its kind in . Philadelphia. Vveragc prellts In the last 20 ears l.V,. Full , information upon application I te V 733, LEDGER OK KICK no nneKj;ii ire JITmf Offerings Commercial Trust Ce. Stock Philada. Nat. Bank Stock BARNES & LOFLAND 141 S. tTH T., 1'HIia., 1. Trl. Lembard 41T3 bal very rearenable. for appelntrr.tnta s'nte A 71, Ledger Ofllce Safe Bends&r Investment HALSEY, STUART &- CO. Inc. Lir.a Tl i EliSr. Then. Locust 4820 C. ii. ATTON & CO. 3U S CUKST.NUT UTb. BANKERS tnrrnver te SAILKU HTKYRNSON nendi nnd tetk beuiht and trtld Mmhr Vhlln. 4rwf k Ftrh'in BROKER WANTED TO rNHKIUVKlTK UK ! I,f, STOt K lone of nw eulnc inanii fatturlnsr rorpnratlen. A 731, MIlM.r.K Oil It 1. n MCownCe. Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 1W0 HEAL ESTATE THL'ST 11LDC1. Investigate and ndjuit corporation and rartnrahlp kcceur.ta and prepare Income Tax Keturr.e. -? " '"JTaleTourJeb Ourca&mm' Let U Put Thl Property in Geed Ordsr IT WILL RENT or SELL EASIER M M T H C I-AYI BUILDER N22. Se.MOLE ST. even lower rnies ueieru me iruiK months arrive. This, at least. Is Mig gested in the rapid piling up of loan lean able funds in New Yerk. Unfinished ad liihtments mnv influence the banks te keep these funds liquid for u little while. I it the ::a nnd !l per cent cal' mene. recently supplied se freely, i. u strong indication of what is ahead. N'e better proof uf Mii Inherent strength of the market could be supplied than In tnc complete indifference mani fested concerning the European situa tion. If foreign news was still a real factor the announced policy of the new j French Ministry which means unsettled I conditions in Europe for n long time, would have completely upset the mar ket. The Incident, as well as all ether developments, were Ignored. Fer the prebent, all hands are mere concerned with purely domestic matters. It is generally appreciated, business condi tions are us bad as they could be. hut there in a confident belief, and it has n ,ubsnntlnl basis, that matters are go ing te be better instead t getting w r-' Commodity Markets GRAIN MARKET f lilcage, .Ian, 21. Wheat started '. liigher te 'ic lower for May and un changed te ',4c higher for July, will Heme geed buying by nn Eastern heus" running into selling that was credited te local lengi.. The volume of b.usi ness was moderate. Wheat receipts in spected yesterday were eighteen ears; last year twenty -eight cars. The cash market was treng for all excepting peer grades uf d'irk Northern spring. fir which thei. is little (Hnnml. Expert business jesurdiij was esti mated at l.OdO.OOO bushels Manueb.w. of whifh 700.000 bushels were said 'te have been en the Greek eidir Coun try offerings te arrive generally were lijht. Lnerpoel futures cloned J4d te l..d higher. f'ern sturud 1se ulgher te '..e lower, "it'i u limited trade. Chi' f celling wus by house.-, .vl.ich weie re. nnt buyers. tiatt ktarteti uncii.mgca te 'sc iiigiur, v th a lln ited, NEW YORK STOCK EXCHANGE TRANSACTIONS DIV. Sales In $ non tee ten 4400 4S00 tee 400 300 3310 00 600 800 1000 300 201)0 409 400 3100 310 .100 300 tee 1700 300 300 1000 tee 300 1R00 7700 100 300 1000 6700 l0O 3000 cm 400 000 300) 00 tee 10300 tee 200 300 390 330 100 330U 300 1011 13 300 tee 0300 SOU tee 300 300 0900 100 300 100 3000 1 110 1U0 400 100 3300 3600 490 tee 100 3011 330 1U0 530! 3300 4400 000 390 1MB 1400 390 300 1300 10110 300 300 100 13CI0 700 1S10 aoe 300 3010 1100 tee 3700 100 400 (00 .'00 as oe ttlfh Adams Kxnresa ,,,... SVi . . Advance numelj' ..,. 11'i 4 Air Itcduetlen 81 .. AJax Itubber llli ,. AJax Rubber rtn 1'4 . . Alaska Geld Mines... !i .. Alaska Juneau a II.. Ti 4 Allied Chem & Dye... t 4 Allla-Chalmars 43 7 Allis-Chalmera pf ... 9l?4 .. Am Airrle Cliem 33 .. Am Beet sugar 37 4 Am B Shee Fdy nw. . 60 . . Am Besch Magneto,, 3$ . . Am Can 3? .. Am Cotten Oil 31?; .. Am Cotten Oil pf.... 43 Am Drug Syn e Vi 8 Am ISxprer 131U .. Am Hide & leather pf 3 7 Am Ice S4U 8 Am Ice pf 75 .. Am Internal Cerp ... tTB i Am-La Franca Kng... 0 .. Am Linseed 3lh e Am Loeomotlve leJi 7 Am Locomotive pf...lt3 .. Am Safety naser.... !4 .. Am Ship & Cem.... . Ajn f3mlt 7 Am Smelt pf 60?i 15 Am Bnurr 3 Am Steel Foundries.. 33fr .. Am Sugar Hef '5a .. Am Sumatra 3 Am Tel Sc Tel H7? 12 Am Tobacco 133 J 12 Am Tobacco B 130 . . Am WaterwkB 6 pf . 31 7 Am Woolen 83 .. Am Writing Paper pf 35 U .. Am Zlna Lead & Smelt 14 .. Anaconda Copper .... 30i.i .. Assetu Realization .. li 4 Ase Dry Goods 31 ?a 0 Atch Tep & Santu Fe. 07 "t 0 Atch Tep & S F pf.. 87 'i .. Atlanta Ulr & Atlantic l' 7 Atlantle Coast Line.. SS ' .. Atlantle Fruit 3 .. Atl Oulf A W I S S.. 30i, . At Gulf & W I S Spf 31 20 Atl Refining 1000 . . Austin Nlchelafl 14 7 Austin Nicholas Ine pf 74 t-a 1 Baldwin Locemotlvo . 877a .. Baltimore ft Ohie.... 314 4 Baltlmore & Ohie pf . . 34 7 Barnett leather pf... 0 . . Ilanisdale Class 11. . . . 30 3 Bethlehem Steel li.... 00"i . . Beeth Fisheries 0? .. British Km Steel S .. Brit Km Steel 2tl pf.. 34 Vi .. llrttlyn Rapid Transit 8?4 . . BrkhTi R T ctfa of dep 8H .. Bruns Term 3i 7 Bush Term pf l3i .. Burns Bres A 117U .. Butte Copper & Zinc 0' .. Butte & Superior Cep. 27'', .. Butterlck 31U a California Packlnsr .. "nW 7 California Petrel pf . . 87 .. Cal Zlne & Lead 0 10 Canadian Pacific ....134?i .. Carsen Hill Mining... l: li . . Central Leather 33 .. Cerro-de-Pasco 23' 0 Chandler Meters .... tl3 .. Chicago & Alten ! .. Chicago & Alten pf... 47 .. Chi ,t E III (new)... 14 . . Chi & K 111 (new) pf 34!i .. Chicago & Gt West.. Oli .. Chi Mln 4 St P 184 .. Chi Mil ii St P pf.... l?i fi Chi & Northwestern.. 84$; .. Chi R I & Pac 33 U 8 Chi R I & Pae fl'-i pr 737 7 Chi R I & Pae 7 Pf 88W .. Chile Copper 18U .. Chtne Copper IHH 1 Coca-Cela .. Colerado Fuel & Iren. 38'i 8 Colerado & Southern.. 30 0 Cdum Gas & Elec... W7 .. Celum Graphophena . ls .. Cel Graphophene pf . . 714 4 Cemput Tab Records. C7i ; Consolidated Cigar pf 6314 7 Consolidated Gas .... 3 J .. Consolidated Textiles. J35e . . Continental Can .1 Cem Products Uf.. Today's Lew 834 3M- ' 31 I3H 1 'a V, 44 t!4 3314 3ff GR5S 317. 34 31 43 3 131 . 01i 84 78 40 U O'.i niji t08?i 113 414 85 47i 87i lit 311 Si 83 3315 1171i 1831. 130 31 83H 33!i 14 40 i Hi 8tJb o:e, 87'1 v. 8S3g ar. 37. 31 lene 14 7 4 V, OHlj 3b 34 V" 30 iint; 0', 34 Vi 'i SI, 3 bit; IlJ'j n 7f.'i 31 7014 S7 8 1314 13!i 33 (2 001. 2!a 3i 14 3r: t9"4 Oils 84 ?. 317. 73 80!i 17! 2 27?. 43 37 30 C8 l'i 'ia N'et Clene Chit. H it 1 V -Ti! 3 Si! 1 Hi ti1 14 i i 1 1 t . i Hi 4. !i 390U .,ie Cosden & Ce limited trade. Offering "ere llelli l'hnnf TnTiuar: ITare'i . v. cr'- .ay Oct l1T a.ne A It. 1T.6 i 17 7.1 17 41 ! :,02 COTTON MARKET f- . - New Yerk. -Ian.' ill.--Tut cotton rrnppirsM ryeuiurc market opened quiet and t tu 0 peiutn FOREIGN EXCHANGE , hi(?ht,r Th(,r(t WBH n llttIe RUppert 0f New lerk, Jan. 21. The foreign near month by New Orleans and spot marker opened dull and where changed heutcs and of the Inter positions by showed general declines. Danish. Ner- foreign interests. Otherwise, trade waa iveglnn and Swdisii were off 7, ptlnts featureless. Later the list was about each from yesterday's final: Peseta steady wiih little change from initial jwat .), irnnm , lire una licigians, , levels tint marks 3, nelnts. Sterling 'n ilmrn 'ViC whlle Swiss and Duu-h eschanges wre unchanged iventrr.l Kurenean exchnnses steady today, n follews: It imaninn .Vflli : llukarlan .7fi : rierJinii l .-in Oscho-Slovakian 1.70; Jntre-SlnflnTi .5: tireclc -1 1.1; Pumli .032i ; I'lind"!, .S8j Austrian .OS'tj j Hungnvlai Tlie ijruiiuum en Sw Vji-u i" i,a is, .Montreal tedaj w;ih Ti'.j pn- cent. The liseeunt en Canadian funds In New Yerk was O1 iat cent. TBSTKKOA a KISAI, etnTinnvj Hterllnc I'-fanei Lire HullOer. . ctiangCCl DimanU . .. 4.2'a H 06. 4.35Hi 88 40 Cables ... 4.31 S.001 4,art 06.48 ' Maret. TODAT'B OPENING QUOTATIONB ,,?Z ' in 'in tW '" lu''r ' Beftember v: 2-xs !"'. J" u ucte.iiwr 3H00 I0U .1000 4110 01)90 3S0O 100 2 100 T 280 tee tee 100 3800 100 310 3)0 100 11700 100 411 300 2100 soe :iu U40J 200 iea I Oil am 3100 410 soe " 800 100 100 300 14000 1)00 ISO 200 300 400 100 I Oil 26 10 0)0 2090 :ion 200 '. 1800 100 390 3010 300 a aoe 10)0 790 42)0 1200 9S00 609 300 3011 81 Vi 33' . C3 20 1U ... 4 Crucible stc si 7 Crucible Htee'. pf.... . . Cuban Am Sugar .. Cuban ' 'anc S'JKa.c... .. Cuban Cane Huarar u. -- 4 Davisen Chemical . . 3.. ' .30 Dcbeera Cor. Mln T.id 18'- 0 Deluware & Hudsen. .16HJ4 0 Del Laclt & Webtrr..H3W 8 Detroit Edlren tee 1 Deme Mines 21 .. Klk Hern Ceal ' 12 Klectrle Storage J3at..13i) B Endlcott-Jehnton .... 80"4 . Erie .. .Krle 1st pf T .. Eric 2d pf 8)4 B Famous Players L ... 81? 8 Famous Players L pf 3 .. Flsl: Rubber t2H Fieepuit Trx. .. . !2"i .. Genera! Aspliu.t. . ... 00, j Geneia' l,.ectr'c . . - 1 ' 11 ieiie! a'. '"Itf.'tr . . 73 .. Oeuera' Meters . .. N icn Meters pf . . . 70 Gen Meters deb 6C.. 70!i ; a: Mote-s deb 1.. ti . Goedrich Bl' . as" .. Gray Davle 17',; 7 Grec' Nerthc-n pf . 73 I 'Jreat North Ore e'.fs. 33 ;y . . Granbv Consel M 4 M 30f4 ., Greene Cananea Cep. . 291, . . Guantannme Sugar . , 8t ... Guantanamo S llts.. '-i .. Gulf State Steel 73 .. Hablrshaw El Cab'.e.. 1 4 Haskfll i: Baflter Car sa'j . Iletidee Mfg ... . 18? .. Housten Oil 73J .. Hupp Motorcar '35 7 Illinois Central 10' .. IuillRhema Ret r, . Insplr.it en Cen Cc.?.. 404 . . fnieib 'Jen Cerp. ... 2 .. Ititerb Cen Cerp pf... JT .. I.n Airrleul CY.rp pf . . TIH an Tnte- iiitn:ia: fe-.iMi 27 .1 Int Herwster new. . , . 5'i ; It t Harv new pf. . . 10 , ,6.Jc.' Mer Marine pf. .. . CO . . Internat Motertruck . 327n ; 'In Mutenruilt 1st yf 73 'a .. ii.tArnatlunai Nlcltel.. l'-'i i, lr.trr.a- r'lckel pr. . . . . International Paper . . 30 H 1 iter Paper pf fctpd. . ' .. i-.vlne.bia ull Cerp... Ifi'4 .. iron Products 3i)?iv .. Island Oil 'iu ,, Jewel Tea " .. Jtwcl Tea pf 4SK, .. Jenes Bres Tea 38 C7 G3!i 0314 13S 31 Vi :i'-b 60 S3 0 2 21 ;, '39 IB lRt; in'; 100 21 16 insi; 8 OH, 84 13 8 7Kli 95 13,. 12J4 3s'-. I4:tlj 73j !'2 70 ;e; si ! 16 7354 r,3 2914 28 874 K 04 M S3 18 li 78V4 13 101 3!4 174 34 30 h4-14 108 l'31. 39i 7194 12!i (18 4S 1X3 UK 28t; 2M 13 4rK, i3?4 Hli 31 - 1414 !4t Vf 18 - '4 44 - Vi !?- li 8714 .. 36 38J4- 314 3774 14 34 - w 31 - 14 43 en Mi 131H- 3ti 01H- Mi 84 73 40i-014- 3114 IOC -118 414- 8Vi- 4114 BOji lll - 3311 - 61i- ! 11714- 133K 314 j 1X0 I- 1 I 21 - !i! 81 3314 14 - 30 (- th H - 87-i ;- Ms ss'-s : st; 1000 14 74JA-J. 34 80 30 :- 3914 0'i -? 211. -0'i SJ4 3i- 0134 "7V4 - ruf 20K -; 31 70?; 87 n 124W-13'4- 32 ?t S3 : 3!4- 4S,--t4 f 341 6J4r SH4- 6li- 3174-737i-80U-18 3814 43H 27 -39 -68 -Ma 7S5 CO - 0.114- 93 13?; 3114 98H- S1H -H0.-83 ?; : 7i 33 - 16H DIv, Snles In $ 810 100 800 300 13600 390 8690 800 lllrh . . Kanuas & Gulf 7 .. Iwanaaa city Southern 2J)4 .. Kelly.Sprlnnfleld Tire. 37 Kelly-Spjr Tire 8 pf .. Kenneeett Copper ... 304 .. Keystone T A R 174 8 Kresg-e S S U8H .. larJciwannn aAt AlL leoe a. be Lehigh Valley aK m.vv 7 1,1mA. TrfcfttriAi. ma .. Leewe Ce 138, 1 Left Candy W .. Loese-WIUs Biscuit . Ui 13 Lorlllerd Tobacco ....1804 7 Loutsvllle & NeshvIllell314 .... Maolntyre P Mines.. li Malllnnen & Ce M .. Manntl Sugar f fllhhntln.. Tt... -...am 17 jAftn . ."-"v',' a" " ::. inl x'10 wnnat Shirt 800 tee tee 300 100 600 400 SOO 2300 Today's Lew Cle.e 6H 1 S2H 23H 37H 37Ji- 93 9S - 38 5 39 17 17 - US 1118 48 U ISti- IH ,h 98 - Net Chse. 100 400 33300 300 4700 1090 4174 Market st Ittrv nr of. 3014 .. Marlln Oil 'H a Martin Parry 33 14 8 May Dpt Stores 107 13 Mexican Petroleum ..U14 s Miami Cenner en " 'hi copper ....... "' "M1.20 Mlddle States Cerp... 14 I tl 'i ' li, H4 "4 , '.; !4 V" '4 Ti 14 ti 1 14 !i '-4 '4 V, S4 i 8' '4 1 li 1 1? 10900 300 100 1400 200 300 00 400 1300 100 100 300 300 200 800 100 6 00 100 3100 100 100 101 800 600 909 890 300 100 800 500 300 300 100 800 300 100 1011 35)0 3800 300 300 700 1800 390 290 200 500 100 000 600 800 300 000 100 290 8(0 300 3009 300 SOO 1100 200 700 18U 4300 100 200 10814- i'3!4 - 100 f 31 in 13614- 8014- B -i 13 - 70K- 98 !-- 139s -H34 -. 11394 -i 73i-: 84-' 70 -T0H 81 li t7V4- 73 V. 33 - 3eii : 38)4- 874 . !4. 81 - i 83 -13 Vi 75J. -13 -101 - ."14- 40 M .1. 37. -i- 34 37 ; 81Vi- 10s - 631, 31 li- 7M4 13 '4 4 69 r 41 -t9 11 li 214 24 Vi 4814-!3W- !i '4 K .. -Miavnie Steel '. Minn & St Leuis.... "li .. Me Kan & Tex pf.. 3 .. Me Kan & Tex (wl).. 'i .. Me Kan ft T (wl) pf. 25J4 .. Missouri Pacific lBSs . Montnemery Ward . . . 194 3 Mentana Power 'M . . Mullln Bedy 5 7 National Biscuit ,38S4 7 Nat Cleak ft Suit pf.. '8 .. National Cen & Cable 1 8 Nat Knatn & St 36 0 National Lead '!i .. Nev Cen Copper 1814 8 N O Tex & Mex 30 0 New Yerk Central.... 74J4 3 N Y Chi & St Ij 2d pf 6174 .. New Yerk N H ft H.. 1SH 2 New Yerk Ont & W. . Wi .. Norren: & Pouthern.. 014 7 Norfolk & Western... 8 0 North American ctfs. 81K a N American pf M5 . . North Am Clawi A Rts. 0 7 Northern Pacific .... "94 .. Neva Scotia S 4 C... 2??4 3 Nunally 0 ?s .. Ohie Bedy A Blewer.. 13!i .. Oltla Pred & Ref '-H . . Ontario Silver Mining. li .. OrpheUm Circuit '3Ji 8 Otla Elevator pf 5 .. Otis Steel 194 .. Pacific Devel Cerp... 814 B Paclfle Oae & Elee... CB4 . . Pacino Mall It 3 Pacific Oil 8?4 8 Pan-Amer Petrel .... 32?4 6 Pan-Amer B 47 .. Parish & Blnaham... 114 3 Pennsylvania R R.... 31 U .. Penn Seaboard Steel.. I74 8 Peeples Gas Chicago, 09', .. Pere Marquetta 2014 0 Pere Marq prier pf... 88 3 Philadelphia Ce 33!i 2 Phillips Pet 30 .. Plerce-Arrew Moter . . 1?4 . . Plerce-Arrew Met pf . 33 .. Plerca Oil 9'i 8 Pierce Oil pf 6714 3 Pitts Ceal 01'i .. Pitts & West Va 347-i .. Producers Refiners... 37J4 4 Pub Servtca of N J.. 76 Ji 8 Pullman U3J-4 .. Punta AlegTu Sugar.. 3714 2 Pura Oil 3? .. Ray Can Copper .... l!i 4 Reading MVj 2 Readlnc 1st pf 7?4 .. Remington Typewriter 39 . . Rem Typewriter 2d pf 61 Vi . . Replogle Steel 34 .. Republic Iren & Steel 88 54 7 Rerjun lteii Sc Steel Df 8714 1100 0.20 Royal Dutch Amcr. .. 1? 600 .. St Leula 9 W 21 . St Leuis Southwest pf 3414 , Santa Cecelia Sugar.. 2)j . Saxen Moter 2S4 . Seaboard Air Line ... "'4 . Seaboard Air Line pf. 3V4 . Scam-Roebuck "34 . Seneca Cep Cerp.... 18'4 . Shattuck Arizona Cerp 8 . Sinclair Oil 2074 . Slots-Sheffield 4a . he Perte nice Sugar.. 35 0 Southen. Paelfla .... 8174 . Southern Rail t7 . Southern Ra.ll pf.... 49 4 Standard Oil of Cal.. 9514 3 Standard Oil of N J.. 13115 7 Stand Oil of N J pfHS!4 T Steel Tube Of 70 Mi 94 14 'i 3)4 V. 'i 1 Mi U 7i 1; 394 J'r 9. I 14 74 400 500 400 :ioe 100 1500 7500 200 2400 SOU 2 en 2400 463C 390 50U COO 39(1 100 500 500 1S700 1100 .100 500 100 310 6S0II 2ftOO 120U 10100 400 4 10 1100 1 00 aoe uoe 210 tee 800 13)0 7090 900 630 3590 3100 300 1200 100 !00 Stewart W.irner Srjeed 379 ,. Strembcrtr Carb 409, 1 Sludebakcr 80?.; .. Submarine Beat Cerp 414 , . Superior OH Cerp.... . , Superior Steel . . Temter Cern & V "A" . . Tenn Cep & Chem. . . . 8 Texas Ce . . Texas & Pacific 1 Texan & Pae C & O.. EMi Tex Gulf Sulphur .. Third Ave ti Tobacco Products . . . . . Traiiocer. Oil n fnten Ban A Puper. . .. fnlen Oil ID Union Pacific 7 Union Tank Car pf . . . Ui.lted Alley Steel... , United Drug H United Fruit 6 United nctall Stores.. .. U S C I P & Fdy.... 0 U S C I P & Fdy pf . . ..Us Feed Products... ..US Ind Alcohol ..US Realty & Imp.... ..US Rubber BUS Rubber 1st pf... U S Smelt & uer 34 Mi 2'4 7 14 3'4 H i l'i 14 '4 n Mi 1 ! r, 31'-? 315 10V4 40 3314 23 'j , 4374 1814 6414 m 71 ll 12094 101H 28 71'j 128?; 58 Ji 30 80 77i 4394 60 H 80 10094 3714 4394 87 V4 U794 J4 te; 33H 28 90 01i 814 20 74 80 WrHteni Maryland ... 8!" 4 Wetingneuse 10 & SI 6114 . , Whlte Moter 39 V4 . . ivhite Oil Cern Wick Spenc Stcel Cerp 1394 100 3.50 U S Smult & Ref pf . 196 u BUS Steel 100 7 U S Steel pf 1290 a Utah Copper C00 . . Utuh See 3200 . , Vanadium Cerp 600 . . Va-Car Chemical 400 6 Va Iren Ceal & Coke. 100 . . VIvadeu Ine 100 . . Wabash D.I0 .. Wabash pf A a 10 .. Wheeling & L K 100 2.00 Welle Farge Kxprens 100 tee S00 1000 tee am 300 ion 100 is JO n 10 100 Wlllye-Overland 3'4 . . Willys-Overland pf .. 28 Vi . , Wilsen & Ce 3394 . . Wisconsin Central ... 35 V a Voelworth F W ....1487J l Worthlngteu Tump... 477, 1 Werth Pump pf A... 85 !J 98 1854 OH 414 150 1U14 354 18 VS se 94 40H 10 3914 3814 2994 108 U314 37V4 1394 3114 89i 814 3814 1814 1414 8 h ;s 18815 78 I 36H 90 114 59 74J4 6174 1694 3194 14 99 31H M4 7i 77H 2674 994 13 314 614 13K 6.1 12 li 05)4 11 4874 62 47 13V4 3414 n',4 co 14 20V4 63 33 14 30 184 34 9?4 87 3974 317. 3714 76 113 SC 33 H 1404 7394 474 274 31 31 M4 8714 51 31 V4 34 V, 2'i 3fi 3 14 63 1Mb 8 3014 42 33 8m 17K, 4874 08 150 1161. 71) 37 Vi 40V4 87J4 4 574 30 V? 3 J4 !7i 4594 2174 3474 41?; 18 04 9Ti 71 1994 13894 1049. 28 70!4 128 6474 30 59 714 42V4 39 1. 58 100i 30 43j; 86 11794 83(4 104 3314 37 87VJ !i 6)4 10 Vi SO 9A 6194 38 Vi 9 13, 6H 2s Vi 324 3314 14814 47H 8514 Vi 1 M4 W 31i ii 1H 13 W 14 094 14 41aj-t- 1 180 -11354- 5i 17 3974 47 4974 394 r54 54 33H- 3214-f 41i 108 - 374 11294 Mi 3774 94 1394 3196 Vi 3 - 854- 25 V4- 1694- 14 H 4 94 !4 "il4 74 794 7094 1H lli 1 54 94 1 54 54 14 li 38 - M5Ji- 78- 1 -33H-90 -1514 69 -74U-817i-18V4 3134 14 90 -f 61)4 154- 6 7714-t 30?i- 9S 13 3W- 314 13H- 98 ! 1394 814 11 4374- Mi 8314- 14 47 - V4 1314- V 341. .. e',4- '4 6914- 'i -'OVi- 74 68 f . 14 3314 .. 30 - 1!4- 33 97- 67 '4 60 -3474 37 V4 76J4 113 - :6 - 334- 18 73J4 REALIZING II IN E IRA BATTERY Entirely New Conditions in Evl- dence in Loeal Market This Week 3. 1., 10., 1.. B,, 0.. 18 70 70 V4 70 96H 70 77 7014 Dalt A O 3Vi 0...... 9111 Bait & Oble Oi 1 OT 1 07 Dell T.lepaoeei of Pa 7( 2.... 1084-. 2.... 108'.S, D Steel C '80 3 83 IMn Cep M U. 1 00 54 94 'i Mi 'V4 Interest in the local market again centered largely nreuntl the movement of Electric Sterngc Battery. That spe cialties made nn opening advance of nenrly 2-pelnts te l.'Wi, nnd within n point of the high notch of yesterday 8 splurge. Fairly liberal realizing wiles were encountered nt the higher level nnd In the nbsence of (he vigorous bidding observed in the recent sessions, the price reacted 2',i points, te I.I014, which, however, represented a net gain ever 13 points for the week. While the trading elsewhere was of small vol vel vol ume the dealings were well distributed without, however, producing any im portant price changes. Pennsylvania Railroad continued n strong spot, mak ing a new top for the week at 514. Most all the ether local shares were steady jLt unchanged prices, the few exceptions" being Lehigh Isnvlgatlen, Pennsylvania Salt, Philadelphia Trac tion and Yerk Rnllwnys preferred, which whaded fractionally. Entirely new conditions were In evi dence In the local market throughout the week. Apart from the sensational bulce In Electric Storage llntterv there were no unusual changes made In prices but the market as a whole displayed a distinctly Upward trend. The mere significant side of the week's develop ments were found In the unmistakable widening of interest, especially among the Investors. It was in a large sense an investors' market, but signs were te be found which also suggested n wiue spread revival of sncculutlve interest. The mere Interesting happenings were again wipplied-by the bend division. This included the Heavy auuscriptiens 01 ine Htrnwbrldgc & Clothier unu tne neum-1 ern Itnllwny Issues. Tlie remarkable 1 demand for these bends, coming na it did en the heelb of the numerous recent new tlotntiens, surprised even most ar dent bulls en the Street. It, however, revealed the growing nmeunt of Idle t I. . 1.l .Mnl.nm.nl ifl.li-ll In ffl -ujiun pevaiiiK vni(M', ,u, 111-, i.... ... vw he exnected In view of the prestrntcd I .' condition of general business, nnd be-1 Ce'v'9:t" Frencii ,C B u Q 04 NEW YORK BONDS 1 Arge n.p'e at J 78 Canadl'n Nthn OH. ret. 3.... 110H 4.... 110 Canadan U 7. i..., liu 4..,. 110 Cnnadlan Pae Ce D wl 2 78W City Derne H B,... 10T4 3.;.. 107W City Berd'x 0. B 84 Chile Cep'r fl 1 87 8 b7U 7 87H 1 8711 Ctjr Cbrla'a SI 1.... 100, 1.... 107 City of Copen haa-en BH S 8614 1 80 Cltv Lyen. 8. 1 84 U City Mara'a 61 1 84 3 84 a 84H Cty Kte de Ja nerle 8a 1.... 10111 1.... lOl'l Cuba-Am B 8. 1.. ..103 1.. ..103 Cuban C 3 cv BALES I1 11000) Amu T A T 0f b' D "" l.l 10.. ,. B..1. 30,... 1... IK 110S nev. 110H 100s Armour 4Ui 1..... S3H A T A 0 V 4 1 88V 1 86H A Ceat L ell 1 70H Atl Cea.t L 4i B 80 'A Atl'd Fruit 7 3 37 Vi 1 27 1 27 Atlantic lUt'g ct 0H 1.... 101'i Bail 4. Ohie ev 3 72tt B Earn co e. 1 7m 1.... 101 Cuban C Bug B Hap T ct 7 8. sta 2B 6314 a 03 B Itapld T 7 1 flflVl 25 nJW j. iisu Drkn n 7 li Denmark con 3.... 10OV41 ct A 8. B Itapld Trail 2.... 100 ct 7. ata n 100W 10 30 Denmark Cen Burh Bld's, B. ct 11 8. I 1. ,80 1.... 100 Bu.h Tar'l B D Canada '20 4 M9 0 esu eti racine 1.1 s OS. 3 83W 2 08H Cre de Taa'e 4 08 W 1 tep-r ea 1 08V4! "'' n Canada '81 2 tl. M 0M rets 1 102 IIKtt aj tvl 37 ! 2 46 1 IB 11 44H A 44 8 4474 10 4474 1 444 Me K - T 4. 1 7B M K T li wl 8 6B 2 05 H M IC b T 4H 30 S34 M K T B. wl 1 77H 12 7794 1 7794 8 77 UKtTlli wl A 02 3 02 Me Pacing 4s 1 01 18 60'i 1 61 1 014 Me Pae B. 'A U S Ittalty & New Or T.x & Mexico 6. B 98 N T C.nfl 6. 9914 00 4 oeu 004 904 100 ne'4 994 100 , 9e 0974 100H 0H 1.... 2.... 8.... 1.... 1.... 1.... 1.... 1.... 1.... 4.... New Ylt Dk 4s 1 77 N T Bdtsen Ce 0H rets 1.... 1004 8.... 106S 1.... 104 l.... tee'; 4..,. Idll", 1.... 104 B.... IOCS 1.... IOC'S, rhlrd Ave'4 . . . ui , Tobacco Pred ucts Cere 7 8 00H 3 1... lOO'.l Teledo 8t t, Weat'n 41 'i i ... . 09 Union Pac ev B 9174 B 0174 B 01 3 01 Union Pae fd 4 88 Union Pac 4s 2... 12... 3... OS 93 0B Union Pae t 1.... 10A; Unt'd Drug 8i 1.... 106U 1.... 100U Ut'd niy t Cu s Fran ss 2 771 U B Reality a Impvt 8s B 04 V a Rubb'r Ji 3 87 1 87 1 H7U V H Bub 7H. 1.... 100 'A U'd O St.el En 8.... 100S Va-C Chm lit U1H fnaiV. We.fB U4" We.1 Bher;'?, M'7. Wie'kV; Jl eimi t. r ; m ,Wll.oaCeVl 1 IM , Hlah .... 1)7.02 Usi Liberty 3Wn.... 11Y.02 iht n A T.therfv 1uf itUa T flA n? f. Yr-W Liberty 2d 44.. MM OTie nr'S ijiecriy ea ivis, . vi.en U7.84 nii; 4"is. 07.50 07.H ,m 100.10 100.10 106.J! 100.M lOO.IO 106 , T.llv,Ft .111, Vic Notes 3-,b.. Vic Notes 4b.. New Yerk Curb ' rnnusTBLvui 118. 2 1 Dutch 1) 0s wl 1 New T N H & Hart'd 0. t.f !i.... unu - - n7 H ic 4. Ohie 4h N : ;,,, rH, u- Ind-. C t O cv 4i I j .... 61 P4iC iOOVll 1I4HI 5 80 mu 0 80 04H 1 60V aid the es confirm the predictions made at; . clnse nf Inst vear that 10-2 would udd another page in me unnam ei inn lccnl iinnnclnl community as uclng the banner bend rnnrket. . . . V i Tlie widening interest ebservcu ih mere significant than Indicated en the surface because it Is concrcte cvldcnw ! of Iho returning confidence en the part 'S of investors which was se rudely shaken 54 'by the drastic deflation process nppllcd , (last vear te correct a very unhealthy I situation produced by the eyer-indul- gcuecs of the war period. hllc there ., was but slight Improvement In the mar- ? ket position of the mero prominent le- ,? cal stocks, a number of the Inactive is- i? Hues scored substantial gains from the . I i ..l... il..HA ah. t tnetn H. previous ruira. w" ," ; -- 1 ...An.l .Via ,tjt llMlf nf tllA lllRt tWO 11UVU PIIWI HIV uu'i n-"- V . . .. . 4-i I ti 'years, as te the reliability of their tllvl il; ti? ttlencl position, which naturally has Hireugiui:iii:u iiivii luiunii lVc.v. . 61V4 33 - 5494- 8714 51 - 3iVi- 34 V4- hi-' 3)4 . 514 8 -85 t- 8174 ? 5i . 4S74 5 05 -179 11514 79 -i 274- 40 Vi 88 - 4 T 31Ki 3)- ie)i : 45 '- ki ss - M. IS I 841", - '. 71 - 19 179 10t, 28 'i -: 128)i ; 30 ; 69 -r - 1009; :- 3714 ' 4394 88 mi; - 4J4 I- 10H 14 28 - 87 J4- 6V4 8)4- 1074 094 80 8 9 5194 38 V5 -0 1V4 3 Mi 1 4 14 '-. Vi ' 174 !4 Philadelphia Stocks n 711. ret. 1... 13.. 0.. 10.. 3.. 3.. 20.. B.. ).. 1.. 23 . 1... 100 OMi i'.... 10O '1 1,5,4 1S54, P3UC ti a I Ba B1 05 J 03 3 71 0J 21 H ns ' 1 OOVi 4 004 N T Tele'e '41 I.... 103 C... 108 1.... 108 I 1.... 108 I 1.... 103 I 2.... 103 I 1.... 103 2.... 10H 1.... 108 4,... 10.1 1.... 10.1 1.. . 103 Acme Ceal Acma Paclctnc . 1 . . . . Allied P&cktnc prif . Iirlt-Amer Teb coupon. Car I.lsbt Carllil Tlr. Chlcaae Nipple Cleveland Aute Columbia Emerald ... Durant of Indiana ., Durant Moter. Gardner Moter .... Olen AliUn Ceal .... Ooedvtar Tire tloedytar Tlra prif .. Heyden Chm Comb & Kn.r Inter Itubber Lincoln Meters A .... N J zinc Parien. Aute Philip Mem Itndle Cem Radie Cem prif rtanrcr nubbi It J ntynelda Reuthern Ceal Bwsrta Ca Tedd Shll U 3 steam United Profit Bharlnr fiTANDABD OILS Angle-Amer Oil 17 Imperial Oil Canada 10 Ohie Oil 270 Prairie P L, 28B Creicint P I. 80 Seuth l'enn Oil ISO ut.nd Oil of Indiana ... 67 Btund Oil of N Y 8A0 lllth Lew :: - tH .. 34 24 ti :: IB if .. 28 28' i .. 10 C , 6 4 4. ..182 130 ISO? 1 1 li ., IA stZ S3 rj irif 3 ss cr 1 14 ; (new) ". 08 M ti I Iren is itf II ATI 1 II 70 12 111 -in 7H Tl 12 11 Ml IH J8e 2i 805 tl INDEPKyOENT OILS a... 4.. . 4... 13... 1. tloer.e Oil Beaten Wycmlnc ....... Carlb Syndicate Cities Service (old) ... Cities Service "B" ctfa. Creele ttyn 1 Cuihlne rite Engineer. Petrel 1 Federal Oil , Ollllland Oil 10 oi-nreoK oil iehu I llarvey Crude .. ,n -.--.: .- '? tiunnen 011 'v H pii.l i. N,,l,t.Y, U mperlil Oil I.. . l)3'i . V,,. I")t4. lint Petrel t,r, 1 73.1' 1 38 ,Llvlnirten Pet j.li - .'T a os' ?i"i. v ,. , . tnicaee mu ""r, St P cv Ba 1. C L 2. x88 c. 03 I or. 05 2. 1. 03 gi I -tlOXlOe Oil tt-t Mutual Oil ..... -.- 3 31U OnM Nwn miiNfii B'n H 3lemar Oil 68" s flsu I salt Creek Pred .l 71 Sit ft 18 Qove't P II 8. (! k N W OHi'Nerth Western 2,lm,m" Kf 1.. 3. . r... 1.. 3.. 11.. 14.. 10.. 12.. 3. 1. 108 Lew IIS Clese IKV'l Net viae. . - . ga i!H3.4- V, 18v, 18h 'Js tm 0 High -OtCVirn Tred !ln'J lOOtf'hinol'ep 2.S-V, COtChile Cep IS'-h CtCubnn Cu ilirin. ... 0r'i ritr. i.'i. ster.l..sa,f i:mi. vmu,. 001 Turn Play SI' SO M 1 120tUcii Met. S 20tC5tNerpf. TAVi 15 In Ce N A 31 300 l.k Sup Cor ai W)Leh Nu v. 08 JiOLch Vnl.. r.DTi 100 100 100s 100 100 100 'A ! Gr'd Trunk of Can 0a red ioe;i,"A' . 104l r. . rea.; lAAlt ..... - - 101 Bel T 7y IC 11 U P H 0 78 1. 13. 15. 78 ' 77 4; 7i ii Skelly Oil I lAHlhirn T A TT - ... 108 Teion 1.... 108 , Woodburn 1.... 108 YO" !. 1"8 Vi MINING "" JSSJ Alvardo Mine 1.... 108i uir Ledie 1.... 108 Bosten & Mentana .' 1 mm. Canada Court i,iiiiai.ii. .1.11111k J'i Cen Copper Mines ueiu . Creisnn 8r! Sr, 'H e"s ".'I ); 735 U 'a Chl ti V.' I it a 71 iNIa P Pwr S Cl'd Cln Chl A1 '-' 00 St L am 4n N Paclfle 11 4k Icremen Qeld na t f).ll rillil.l- ?. alftH 4.,,. '"-Vjir; f, w t tii.N l'acinc 11 da Kurekn Cree.u. . 1.... 102 C, leitri 1.. . 107 lU0"" "O!""1 ., ki"M ' lu;,i ; ;, Magma Copper .. ;.n;;icieve e uni ' .. - .Mether Iile Clt . Vm T Or'd Trunl: of Canada "a hi t. n. lOreu .n S I. Is I Nallnrul Tin - ""- . " ' v...:. .i 'Au.L , w7 I nu .eviui usnir ' vini..in ' " . : .. n..n u t. 110'. "" " V... 1 (isi N Pl'ijnr ............. 1 cr--'- :.:.' jni ugm 1 jbi , ... I I'-t '", "? I Pltla-Mt Sha. , Den tllO fdOr-f"'' ''!" Hav Hercule. 87'v VY " .... 1 uuart'd Be I Se Am V & a 1,71a - .'" .J , fiDl'. Tniinnali Tlvl, 31 S'l N1,. '4l nrii. i:t i. . 1... ... -j --. r.u7 . r.(iT:! 14 ! H r.eLch vnl.. r,iTi ri)TH r.n.,K- n I lOtMcx IVt..ll3'-j lli'l'-a 113li ' riOfNerth Pac 7(P- 703 701; Jd lirttOtlH Sleel 12ts l'-s 12s 1h TH Penun It It VA ill', 3414,-- s , a. . 10.. 10.. 01.. 20.. Z Det Edl Ce 0i 87 3---- 101 "'? a mi r.e no 71 Tfc 1.1 a1 ii Vi i H 'i t94 no 30 24 8 28 10 02 .'l.-.'i 3S1& m Mli ::)t 33 nia 32 718 i no .. 30-. 24 s 2 .. 10 .. 2 - 14 3.T-r 'i 3SV. . . fil .. am- a; 33!i-2; 33 . . Ois-r 's t,j.. 173 Penun It It 'M II Pcnuu Sail 71 7' 100 Phil In W fit) 20 Phil Ce c pf 30- II 10 Phila Klee 2.4ai 401 de pref.. 28 110 I'll lln It T 10 III l'lilln MVnc fl" llltHvl Dntcli filVi 51V. TiIVj. liltStndebakr SK 88 8S OOtTraiiH CU. 10 10 10 110 Pn True. .".."Vj is.', V O I.... SSi.S 287 de pref. . fil 22l)tU S Steel. 80 KlvVnnudlum 33!V .'0 W .Ter & S 33 a 20tWhlt till H's 100 Yori; ltwy !ii 7 l nref.. 32 -St elian4 nmde by comparison v'.th lant oele en .Nev Turk StecV. nxclianxe. Total sales. 4'Jilrt B'iar, eenipared with , . 10 2T8 phuri yeale'duy. Tliua'ier tins week. 4,:,,-,,U70Muir.ilAi)i:irjnvue;.I)S ? ! 200 Liberty 1st 32h 00.71 J , 1 100 Liberty 1st 4Vih 47 fW.OO '- iT.-.n ril.crtr ",1 .lVin '42 07.30 1000 Liberty 2d 4tns 42 07.10 000 Liberty 2,1 4', s '42.... 0 7.1 1000 Liberty 3,1 4s '28..... 07.8 1 hi 10 Liberty 3d 4's 2s..lets O1.1O 10IMI Liberty 4th 4V,s '38 07.24 200 Llbert.v 4th 4'4S '3S !)i .14 ,'00 Klectrle fi l'eniilc's 4a. . 0.14 ."000 Luke Sup Inc ris....lnt.s .1 L'OIION Y Tel 4 Vn ,i0 300 1'hlln Klec 1st 5s emi 3tH)0 Phila P.tec s 101 'a 1000 Public Service 5h ...... iiVi 151)00 l'n Itv s Jetr. iHVi lefil tai.ei.ie, ceinpiie.l with JHO.rtB" yen. tcrv-a-. lln.., fur tills wtnk yiiJ.VeD. STATE OF TRADE TlK.rj linn b'en seme Imprnvement In the buflneiia ultuutlfin durlnv the lat we 1:. tl nuih mom noticeable li sentiment than In ...niai hmlnit. n..eer.lln(t te reperiu rtceiveu M 80 80. 80 Jap Ceve't 2nd 2.1 SO. 1 807, BO r...... e.( j,.,k rtuu'r Ce' - jap wove i i"! gtf rC, 1 as tiiii jnsi; iv iicik ni , - D Match 7'a 1.... 110 D ile Ncnnum Pwdr 7i9 4 101 1.... W i 104 1 3.. 1 18 1 08 :t una. .'Pal. A reti'm X T Ce 7n 0 07 a H tm 4n 0 87 eh,; Tonenah Divide 08 .Ter.iipali Minlns Tuolumne U S Cunt .... Unity Ueld ... United Katrn L'tilnl Verde ., Yuken Geld ... 1SONDS t'; ErliOenl Men r'ni1 " '' M a 42 & le0'i 100 1 1 loet: ft"i' Pere Marnt' 3s Allied Packsr 0s COU Allied 1'acker ba BH Allltil ctfa 37 Aluminum "3. 1023 Amp I.lirht Mh . . . . vj . ;- -,.,-- ,,. iA.li. 1 oilier tui ud, 111.1 , J,my, Anacftmlii lift Anaconda 7a, 1021).. , Armour 7a Ilelh Steel 7a, 1023. Can Pac.llc Hz Cel Qraph 8s 3.' Ccns Texillc 8a u; 6.1 (10 Cepper Cxiiert 8.. 1023.. 102 1W in s Copper LApMrt s.. cuuan rei 1.... 107 n..,i...n. rc y. 1. K llelB'm rets iiUh 'ni I11"1' R'rv Crp 3.... 100 a .. , 1114 -v J"' ft' Kingdom Hen- B.ii.' 06'. ' n mark ct 0s in' Uh. 3 niUn'.'i,.' - . 2 77ii -- -- u.ni'iir.i -. .. . -. ... S OUj x. iinh'r -At "caninif u J.y uere iib 3 " ' i l 1 1 1 V CCeH, Urund Trunk . .1. ... I'. 1..., 11. j , I Heed rtubbr 7a .. B. .. 04 , H..ok Vat 1h 83 nUIt,0 oil 7u ... 1 114, i.. .. sa Jim O 4 W Is mterbore 7 a. . 1141-1 11 NVn r.lv 7.. .- 'Ovj interwire. s. 2. ... t4 2 103 Jri.iifie 4 Kingdom Dm". ''.'.'.'. 10S!i V:! c" 4'' .. tnarli u' . e. ... 1IIHI. - " 1 .. 10S 1 10S 1 ,.r.'. tr,v...n 1! f.fj. Jl Ktt.s!e'm Ner- & Pwr in :.l'1l?JSfe.,?.J. I.. . L- - Uii i"-,;n-.vviuw ias MM 88 II .-.I it 101 lulTi 101U . U1 9 .101 101 , 10; .1111. 101H 101 .103 lO.'H 107 101 100 ' 110 1U1 101 1 in.. "fl 01U I. 1023.. 101 104 104 SI 1. i S V .J 11. . . 73 Laclede Gas 7n . . . I.lbby McNeill 7. Nat Cluak Hs N Y N H & II 4a Pnlle, Ce de.. . Phllj. Ulee 8b 9i '4, 94 9, 94 t?i 14 24 ' !i !5 ""' - "- - ' t 1 hinri.nriahii,if Tu 0. . . . 100 Hud & Man fd s.- - j,"ji Shav.-iOmen, 7,s . . . . . . . .VI' "VI I -. i3KVII VU I TI D ... K Sweden (Hi 1 78 ,n, ,';.'. ,?.' "tan4 el! -l" .V . 0 10 "JH b. .' B'0? Tidal Osaae 7a ... . i1....r..l..l T?.. r. all.'. .. ' " ' 0V1 n-,.l.A Vl.An -- Lean ct 7a .Infu Met 4 bi '',?, ran Unlt-d Oil Pred Ht , 10fl v , n 114 H,r,e a W-tern f.lec 7a ., "" ,' , li J 83V4WIIeii 7Vi "i"' 4?ia i 1 1U 1 8S9i ' Aruentlne 7 ,, ... 2---;, "" A i Bl I. 4 B Trail , HwUa (Jevt B'a . Hep Chile ".'it - '- I s,,i n ' M. . 100', n u ., ..,,, I- JJr.- S::.:: .k-VaeW-X'i . ..10! lO.i; 103 .'.'.'.'.'.'lU3W 1081 1S iivii. 160 100 ..... 84 M li 81 S) IV (18 ... . tiO no '-M v.'-i 1014. e; 1023. .IW 1023. Sf. I! 14 mi i 83 as A4 OK a w 100 . i??., 0 '4 1V.M ..108 109 1 4111. Ill 'la '".sc. i.ii sit; '""::!i!?N 5S. .. .101 101! .102 102 . 00 en ..03 103 101J4 9 m Vi I' f Yf.T 00H enji "ii V. IDS -A lUOIk na n DB 1113 10.1 IJJH 8S 8ft J!" . 07 07 O'b mci Kl! JL. I 1.. .. ....tlU ', xanislil. IJ11 i! ! ' VKe K .. 'Ti .'J: nrf rdury re rmerBln SZI Til ...... , -.. J 1 28 va 3294 J 23 Vi- 8Vi i7H-8Vii- 94 ii 14 injnmtn" ti ' - -- - ' , , - - - - - from the fiulelne" uua 01" u ",' "" but UUliniR. wniic ruiijup. m w.i. 1 -- .i7t tin., lant llr. Cullertlena en the wlitiln ihew lltt.a lmpretmetit The unemployment ltuat en la better than at the Leruininj "1I1n" '."" dim te In- PrtN.vua C'.irn OpfT 17. 7S . .. 17 77 17 0 . 17 37 ITU 13 02 17 0) 10. id IH it:. 16.10 lilltiltf.O Financial Briefs I ....... J .r.r.iri.l etivltv. but fuel and air rieiil'ut1 Mi'i.lltlenn are virtually unehunsnl. t , L" .. th riBiimrtlim of oi-ratlen In nnn lirnnWvn It.m.l Tr.,ni,it recelrem' : nean demand teRether .ulih talk of n!;ff','!lK "' r,l,,Neu ,na tuuu"er' "' certiflcattH 'out of u total of SIS.OOO,- ceminK shertngc ill tin; 1 domestic Hiipply. irradMreet'a itaterneut for the veel; suy. v::: W ::::: Ji&l . S::.: IX ' tv-: lth; Itep Chile ' III I.. . 11 1 . . l"l I 101 Hep'e of Uru guay flj 1 103 30 U Intb'e H V ti 37. SO.. 1 10. J.. 0. BANK CLEARINGS LOWER Lecal Exchangee 4.7 Per Cent Belew Same Week Last Year The continued depression In burin rouRiieut tnc country is "" v" dencml hv n further decline In MM Total .1 10.. 3.. 001) new eiltiita te extend the remn The annual meetlnsr of the Hunting- J j.'ebrunry 1, 1023 ,len nnd llreatl Toe Mountain Itnihnd Riid Ojal Cempuiiy will be held l'ebru- Hale nf 51.822.400 of equipment trubt ary 7. certificates of Teledo uml Onlo Central . . Itnllrend was announced by DIrectei I'he u-eriiKe price of the twtntync-, (;,,n(irni 0f itniiruadf Dnvin, mukiuu NEW YORK COFFEE MARKET New lurli, .Ian. 21. 1 here was only per cent jcuerdn te -.l,.'. ',,Jt tl10 1 ment trust certificutes sold by Govern 1, er.v iiiimuu nuei-i-in. hi inc imui twent r.iliruiuin iicciuhq n.u i"-r utuv 1IKnt te date onto nn urea mnraci iiuh nieruiiiK. te iii.ea. tlve Industrinl tttwlts iirlyanced l."llel!,i f .SI00,10,.ri00 rallrend equip if per cent jcuurunj 10 e.n.i, u-u .mi 1 .,,- ,.l ! l.. ..I. I II 1 II rt,.f nn-1 .Imv. but en th uheta parilen fentureH uheleiale ,m n .tarmiirv ml iini'4M. biinhcl. Other itnlns for the week were; I Heme buvlnx. both from Jobbers arfl whole (V,.,i 3J.,. tn av.(i2a4r! eiitH. i.fBL . ,a.m. Is of th mall:theuh-qftn tpe - 1 . .1 -f- .- .- . nilln? and for iiutherity Compared with 11 week nite the innrket WJ'"."Z, einaluint' $14,000,000 te I this meinlnn wan up le te 2c a 1 & " mdu.ti kit 1.....t-l IllUaii nnl nu frt thn iiamI . a I ?1 i t 41 and previsions 10c te 15c, Huyi'i'h und sellers were widely apart I t.mI then' vera no trmnactleni en the nrt call. Opening prices u-ere un- Dtniand t.ablea 8.08 4.:i n.m 4'ttt.. ae.as. CIA5SINC1 QUOTATIONS StrllnB Prancn Lire Quildsi n . 4.30 8.00 4.U7T4, 80.5" S.10 4. as 3044 BANK CLEARINGS Dank clearing! today reinpand nlili cer- 1 lupename eay 1r.11 ij years- rttv Cle Open 8.30f34 8.404J51 . 8.33tf3K S 33 3 40 8 2(1 e.nna-iii s-j.iase eat s 2e$2s , BtrunB n.mand 4.20', C.bl.a 4.21i Kennerett I npper (Jorperaiiou pro duced C 1.703,420 pounds of copper lust ear, nbeut Ul. 000, 000 pounds under 1020, and mere than 17,000,000 peundt. under 1010. Oirstewn Hank, of Omtewn. Pa., has been admitted a member of tlie Federal ItcHcrie Hank eL.PhlIadelphla. The bank has capltul of S25.000; sur plus S00OO, ami total resources, 1148,552. Phila. HI":! HIL'l 192(1 .t03.Q0q.000 J71.C80 810 S7.S'J0.7I7 ' Paris Beuree Heavy l'ri, ,J4n. 21 - Prl--e M'jra r.ca u Retrn .y. Thru Njr ce rip'. Raw Sugar Market Active New Yerk. Jan 21 Continual a-tlvlty r4vul!rf tn the raw nucar mm leal 11 fui Ihir aubitan'lal bunlneni eelim rKpertcd ya- I terdav, I.ec-.l rnitcurH puicliaeei) luO 000 ! m l'in.niiii niian i:un.n ler u e nit nnn 1.11. ru.ry ihlpment at 8A cm., com and freleht, I'reiiu iar .-. ...y 0-. v,. Iwh'le thJ imt'il Kingdom teuir ls.oeo te preferred stock und ether securities .te 1 10.UUV (UUP IUI 'c. I. t.. United nn: 70,10 Laaj iment at 2 Ac. com and freight A Ne Yerk ! refiner purchaaed SOOe tux Phlllnplnn, lat'.eni r.t 3,7-SAc. c. I. f, Arrivals of rawi ii,lciUay ceniiiteu or w oeo t.nsa I'ue.i Snles of American Tobacco Company in 1021 were $155,700,000, compared with 5143,100,000 In 1020. At the close of the yenr American Tobacco had up trnnl of S10. 000.000 In CUhh and owed , , , . , . nnlhiiiK l bunks. Coinplete fl(,'iires arc It if iwiili-rhtoed, .banker-, in tfajfc -t -. mrnilatiyl. but It Ik cimiciml country hne mnde nnethir leun in Btnte thllt net n(ter taxcH and charges und Of 1110 irrnumt uc r-iu, iirur.ii. nwii . njjewng ler will nrebably b" a bend lattue of sub- ..n-ani of S utantlal air te Porie Alejfre, the muht Lhares of common and common I), com. vUe aO"- tj" HMWy was net he: important city 1 ,l, H.,t. Maturity J wlth $13 In 1020. KS'rr'i'ri.T.i.nt0 Zulu"??, en lun win iiruunuiy imi leriy jturr. - RAILROAD EARNINGS Ilead trade ha. Mpanded Hemswhat u. the traelera mak pre.ruii. "Induitry rertalnly ihews a L'a'n from th verv eeneral ihut-dewn. f the Inven tory period, etid the two branches teem te be In percepllbly better nhapi) than a nir aktu at thU tint, wl'li u. fall meaBure nf epti lnlem reperied pn-nent where a jd.- ace ...uhTi'Hni mini (in balance, thn emnlev- inetit .lluutiuw neeniB botter than a inimth I, - ',,' , J4 ,".' .'. ."ii oe. tli turl 1 1. idea uml OKr.cultuial Ui- u s "e'00 f''Ie"a c'"1 ' " Null eiwpteu i ai'i i .i- I)un' ueviev wilt in prr Amtl H L R S ' Willi mere nre 4rinun auea mimrt In 8 Perte Itlue S 7n lets 10... e;,, , Bwlta'd Cen ' - ! nan fl: V K Or't Urll1 4: I'd 1022 se' n.... 100.3'. 4' U IC Ur't llrlt e i. I'd 1020 te. 2.... 1001,1 1.... loei 20 ... 100', I ,(). 3 100. J 10. 0. . 100 0, U K Ir't llrlt t. A I'd 1B37 3 in., O Id '".''Seaid a i r.t cleiirliics. as reported by the CemmM' !,"''' 1.. .. 8.1 Mnl tw! li'lminclnl OhrenlCle ii. ft.i..j , , ,. v,.. M.... ....-.-- ,ui. ,. ,, q , a ., ,,i- hrillMS 10 VXCIlUngC.1 Ol Ull IUC ..ivu....t, ---- the Tin te.I Stntes for tnc wre." " ...-.-.------- - ,,4 7 IH.I , t .iL- i5t: 0 441 2l - !!J4 Blncla'lr'c'eil ;,: wrp 7 - ' . i 02 02 82 (12 .. r.."33. 4-, HHw'I M Marine 0. S 08 1 02 3 dSHi 1 017 U 3 Brazil Hs 1 01 1.... 104',Intrn'l Paper 1..., 10I',1 3. nta U 10H, 3 . .83 1.. . 104, 83 104 2 H3 iieC ; " ii "07 '8'n Pacltlc fd ".7I 8 se !il8'n Pac cv l 03 tl2. 02 03 3.. 3.. 20.. 20.. 10.. 23. i'-i0.1 V"11" i"'... i'll4h X7.000, vn mil .li. ..!. inef vnr or 8 W , M 0.2 per cent. The only city e' "! Ins a guln wa Bosten, which 101 .,. .., l,ll,OH JOl , KxchBinca of the. local CiwriMHeW AHdoclatien lest l.l 1'" r- "" l. we-ek, the tital le!nK ".: nnrl with S350.100.000 the COfW apnnilliiB week In lU-i. Details touew: nr .ft'H lllL'll . .". !2W H. Yerk.. . .3.46.V4OO.O0O $3,0-13,8I7,OS j eit ii-nua. lem 101 8H I llorten .. 88 I Kan CJty. an li. 8t. Leut. . rS "...I7.i,?,' Be n Paclfle C. I Detroit ,., e utitt iialtnva , 08 U W. .Orlei . an 1. Sn Itall 4. 1. 1. 1. 08 312.000, (H10 a82,twn,u llu,6fij.l28 117.800,000 108,0iO,000 78,4!P,874 32.8110.175 40,078.600 1 ''2W liitlmatdd. tNe lencer turnUhea. y.y.intMtl D.iii.i".;.i ip 274,8j.J J, 121.2OO.0J0 iS!-5.i'SK oe:u.fij 62,5B.1,1f J A... 7 I ij- creuee uj'b preferred dividends will h &!P!t '1 AVb..".'.--""'-' 6l?.. upward of .$17 ll hhure en the 805,420 1 that trad and Indu.try would iiuddnly re- They villi bear an S per cent coupon. Stockholders of Ilamburr-Seuth American Stenmhlp Company are ackcil, at a siitclnl meetlnif, te author auther iic increase In founders' "hnres from ,. . Ti . . .v i I2C,C'K'1000 te 50,000,000 marks, new cAl""?,.C'.t.!ra.e, 'lh , ?i f'lihwea belnu offered te stockholders at KAN8AH CITY SOUTHKIIN SYSTEM . 1021 Increaa December rre. .... (1,382.747 1432,770 'aiH.DHI Nt after taxe.. 100,130 r i-.bruaiy leudine nt 12c. ' ut y cuntemers during the ear 10.J1 1 Xlnjilein. at.d an operator i .4 .ii .,n.i.tl nt Hi Stnndnrd (!ns Luba. for Pebruary hip- at the prepeitws Of tile iniiunra was ana jicctric e., iimikinu ui nn J,, ' par value win exceeu 4iueuv,uuu. j-niu Is an increase of approximately 25 per cent ever 1020. Betris '.l-''" T''i-e et tcrfw .'. eon.lnne.1 te the Warner Hupar neflnlnK ' cent Over 10 Mm 3T m', I -" p .c.u.e 'or Garrison ba. preiented ap- authority te rey .14 000,. 250. At Iho t-cme time KtockliJldcrnare asked te authorize Increase of 20,000, 000 marks In the preferred eteck of the cempanj, thus brlnsinrj itn preferred capital pp te 45,000,000 murk. 816,004 !N7.0H(1 1.105,700 MinUANU VALLEY JiAILROAD Twelve month' rreb 21,708,140 fiN7,080 Net alter taxes .. i,ii,,i Sec. irrei op, ne. Twelve met.' ar, Nt Decnaie. rev.. op. 1340,074 1U0.OUI 4,460,477 1,020,808 1131,300 -.03 741.3HJ 107 181 BAR SILVER Pemeitla bar .liver win unehanid In Nw OJ tlf1.44 line enil.H .1 4SJ t 1 4V A 4anlAHa4 t4nitThWy7irW7 aa a v".mP ey prcwi;ctive sreatcr Eure- nu Ua lenr at 1J4m d by peiltlv recovery in tn ixi nutant future ex- rrna in nin quarinrn. 111 me main, II la new a wnitlnr iltuatlen. ltli buyer cau cau tleu and henlumt, und commltmentH ililefly te cover nearby and well-uellnvil requlre-mnt." Reserve Banks' Discount Rates Oftlelal rdlceunt ralea nt the twolve fed eral lteeerve bank ar a fellow.: Trea. Lib. Cem'l Ilkr. in., .mini 4 ai '; -iv. neiten ., Nw Yerk . . . Philadelphia .. Cleveland .... Itlohmend . . . , Atlanta ...... Cbiffse et. Loul. ..... lllniieaoell. ,. Kan. t'ltv Dalla. ....... gsn Prancbce n p r. n 3 .-. n 3 Per Accept. it' lit ii I I.. 1.. 3. 02 Hi', 112 12 02 03',' 1 00 6n fly 0. w J. 1.. 10.. 1.. 1.. a.. 1.. 1.. Aim. U(,nii 1 32 1 80 ,2 32 0 KKij'-M"" C & h a 1 88l 1 63 ::::: U3".rv; B nUk Melnee C, J H Amerle'n Uujr . ' .;. ,"9,,, 08' Vn 08 08 "?7 I. N.S T.U.. 4.... 102 :.... 102 3.... 102 M Oil war 811 1 00 ,,2.Le 4 Nah 41 J. 1 00 2 at. 1...-. U0 08 08 08 08 Obf, Am T & T clt Mix Per'ra 8 10.. 1.. 4.. 1.. 2,. 1.. 1.. 03 08 03 03 US 03 UBf 1 ivPftTnr.k" QUOTATIONS MtLbunh, Jan. 2L-?-? .rrAiJU: 1800 head. Hlffh.er H.avi... -, O .nl.i'.0.r,lV.'.T.'"..,"YoebMll 1 . rvi iini iirtn i.'t'i ..aa Bteady. Tep hep. IB! top Iambi. Il-yj 1. fA'tj-a-lTi. ... l.,,4 55 head, DW 1 .... ...-,... U.K. .1 "-i7r"'"V'7u'L"t..". ;... .!.. aiif.wi- Ann uaj- ""'; Tep. 113.30 Kat llilffiile N, V. " 80 3.... 101 0 80 Mich 0 Til 8 AmnT 4 T Bi 1 07H 1 03 1 07 8SU1M A BIL fd 3 1 . nV g 31 ; 1 03'i 08 03 06 03 - S3. 8 03 a oe 1 IIU 6n Ttly Mobil k O Ctfa 4 t ... no 1 . . Wi mixed llgnt 0.7 t htad, ... m rtATTlilH r.nn 1111111110, .-, ., ji.il. 4. .r.-.i rB ncIPI 273 hend. Hldy. fPii'l I celpt. 800 bend. Slew. 1 .lower. "JJ"' M HOOB neeelpt. 2100 head. ,fL"0y.llH RO0.1, iivnt, xnwp'0 up. iin I sew !x?',dn oYBieVrouih.; y-. ... iwj.4v.5V- 4,.im.. m Se: Lamb';.1 BOrie wreaT tWlt.lt. Plan Reorganisatien of RelchiP"! iJWMMngi&&X!& of the Uilqh.DanK ana mc.n,;,',".eV of It. unittnlUd output of eurrncr , k?n """7 wi. : 7 .nt. 01 in . impni ,7"::r appeina a ceminuiii m -.,;,.,, te draft a new eharter for th J!"1' 1441 ii rninaran nv uiuia-. win require iipprnvl of r IJ? Th orenoa 1 nnrj nnn w tt-3 and I. L.'Vff 1 I " J,A LL" ,?' J. c -j LLOiV.- ,V3. ., A
Significant historical Pennsylvania newspapers