MWMBMJMM M&MBMMm0Wi WSW ; W 'TFTO1? I3K'SSI SBH&raWS IPir - " w '" S7''B , ;j2tn EVENING PUBLIC LEDGER-PmLADELPHIAr -THURSDAY,' FEBRUARY 2, 1922 -ihi . - - - . ' ii i , IhJl-l nl Stocks tMmmin Power Ce. Cen. flrMteae Tire ft RHbber Cem. GtMdyear Tire ft Rabber Stki. Htm El. Ry., Lt. ft Pr. Pfd. Teledo Edliea 8 Pfd. Vkflaia Ry. Ce. Stkii DP7? Bends Cia.,Hamm'd ft Dayton Gea. 5s Cabas Tel. 5s, 1951 Haras Elec. 5s, 1952 St. Paal Cable 5s, 1927 Uaited R. R. St. Paul 4s Wheeling ft Lake Erie 4s, 1949 i A. Heusman & Ce. m Member .Vete Yerk Stock Kxchanee 20 Bread Street, New Yerk rim.AnKr.niiA wamiinoten AMHTKItDAM. HIIM.AMJ Private u-frce te principal cittta r IA. l-K IW San Antonie Public Service Ce. 1st & Ref. 6s, 1952 te Nenmailable for Ten Years Pennsylvania Tax Refundable Earnings for the past flva years have averaged ever twice the Interest charge". Price 982 te yield 6.10 14 Circular en request United Stales Government I Bends and Certificates J & of Indebtedness 4 & Harvey Fisk& Sens INCOMPONATOO LAND TITLE BLDO. PHILADELPHIA New Yerk Chicago Bosten . if I mf ! WE invite con ference i n respect te the status of bends under the Reve nue Act of 1921, or en any ether current invest W- w ment subject. HARPER &TURNER tv J Investment Bankers tlimbers of Philadelphia Stock Exchange Stock Exchange Building t Philadelphia i Scftnten ,e fi ajLMJ- mmn y yV vi.uj.fr 'BOND SECURED NOTES i Public Utility Company Established 1904. 3 Maturities from 1923 te 1927. a' Earnings 2.15 times interest j charges en an Denas una ! notes outstanding. Average yield 8 j Special circular en request. (Fairman & Company, , Drexel Building, Phil. , KitubllMird 1003 A. H. Bickmore & Ce., j, 111 Broadway, New Yerk i IK, r .7tU.CIarksCe. U.VNKEU3 Dealer in Investment Securities Htmbrrt New Yerk ana PMlaitlpMa Uteck Exchange 321 Chestnut St., Philadelphia Rfifflr-.1 Kffi- r w TO REUABLE. ESTABUSHED .COMPANIES REQUIRING ADDITIONAL CAPITAL FOR EXPANSION We are just finishing $25,000,000 issue have I.irge first-class or ganization ready for business. Address communication? te "FINANCIAL" Care of Mates Advertising Com pany, Bulletin Bldg., Philadelphia. ,J t n. WW XI JJa, l .ei '1 Gelf Course Fer Sale t)lf rtach et city, offering tlia pes.il- HY.Ol seil'iq ufmrer, ni meueraie cost. (WIS AND VALENTINE CO. ArdroereW AHDUdltK. I'., IMS J. ROOT win , I s ALL INDUSTRIALS 110 840 WORKED HIGHER a.ne 0100 tee eioe tee 1203 600 nea 400 400 7370 .100 500 1100 1.100 100 300 N00 3.f00 SHOD 300 3400 100 1S00 100 .100 600 200 81)0 100 100 100 400 4200 KVt .1N0O 1900 003 100 100 .M0 3.100 400 .100 1.110 1700 S10 709 200 100 3013 20 20 510 2 300 600 10100 1100 400 100 100 100 400 4H0O 100 100 5000 3.10(1 1100 100 100 100 300 4009 4100 400 330 4700 .100 510 2600 1D00 1700 10 700 10 30.10 100 200 100 100 100 300 4600 3600 700 100 1700 2000 300 330 3600 1009 200 470O 1300 100 300 100 JI130 1400 R00 1330 1900 990 500 7390 200 Resumed Peel Activities Made Matters Uncomfortable for Short Interest New Yerk, Feb. 2, Almest every (I'lng en the list excepting the railroad fdmres showed nn Improving tendency In today's rtoek market. The rail ill usion continued te Ins, fhewlnc no nn trrlal eliunse. Itcncwctl peel activities and short ceerlng npnitrpiitly were lnrecly ifKtortnible for the broader deal ings In the Industrial jcreiipi. In nil events, little In the way of Incentive whs te ba found In cither news or de velepments either from a domestic or foreign viewpoint. Little heed wan paid te the tlghtrr money tendencies indicated by the open ing rate of uvj per cent in call money, Itlie highest Initial rate of the week. Similar indifference was manifested te. ward the foreign news embracing the l cognation of the whole Italian ('iiltl ('iiltl net. Neither wn tbere mucli con cern regarding the peer earning jtate-mcnt-M wliich came te hand. l'vents and iesslbilitlp3 which have been looked upon as disturbing influences for the past two weeks were apparently dis missed, tmd it seemed te be wholly n (lueytien ie discover what stock or group of stocks would be taken up next by the peels and ether speculative com binations. There was u material expansion in the volume of dealings with the advanc ing prices, but it was strictly an in dustrial market. By reason of the scant supplj of stocks the shorts experienced n great deal of difficulty in reducing outstanding commitments in a number of the elescly held peel issues, t'nllke the preceding sessions, the activity and strength spread out te the different ! groups of the industrials, rather than ' concentrating in a few selected Issucr. I Tlie progressive character of the move- niAMf viitli.ir vtrnnvlv surcestcd u sleetl- ing short Interest had been eunirht nap- ' ping. , I i Toels resumed the tactics put into i execution in the late trading yesterday at the outset, effecting iiihances from I i 1 1 te 4 points in a number ei tne ice agnized highly speculate specialties. Th biddlng-up process was extended te 1 the equipments and later tin buying ' movement embraced the popular oils, reaching out subsequently te leather, tobacco, chemical and independent steel shares. Standard Oil of New Jersey became the central feature during the morning, rising S points en a few trans- , actions. Karly laggards were taken in hand and bid up sharply niicr mmua, v-iv-dally the steel and dividend-paying rail road's. Specialties continued te sear in a buoyant fashion, duett l'eabedy ris ing ."' points. Klectric Storage llntterv ,-i and I h lllp .lenes Vih. The sugar group nnd oils at the same time also made further notable progress te higher The lowering of the call-money rate te .") per cent gave fresh encouragement te the peel operations in the later deal incs and the final hour was marked by sharp rallies in a number of selected specialties, the mere notable being . American Car and Foundry. Interna .im.nl Harvester. Chicago Pneumatic ' Teel and International I'apcr. The whole list continued te broaden with the strength extending te the rails which were se conspicuous laggards in the early dealings. GRAIN MARKET Wheat May July . Cern May .. .. Julv Oats May Julv I'erlv May . I.arJ Manh May Hlb Miy Jul Opu l.'JO l.eii nih 1 .'3J, 1 07 l.an l.ea l'javj 1.07 V. rt te1 :A'i Rt. r.es 401 ces 311 ' 40S 30. 40S 18.45 10.25 10.47 0,77 a.tll! .10.07 10 30 ..10.3J 10 30 . . 9.B3 P 77 10. 0T 10.33 Iteadlnr COTTON MARKET Tent cleas , 111 s5 .. 1.5' . . 1110 . . . 15.110 . .. 15. 5b Op-u 111 72 HISS 15.H1 15 15 15.13 KM 11, 51 In '.'it 1 15 SJ. 13. 4(1 ' tari-h . Mat Jul OciebT . December NEW YORK COFFEE MARKET Op.ll h 47 55 s 38 S-33ff40 8.30 tf 31 S.25 March . .. Mai . Julv scptmbr Di-cen bcr lltd. EXCHANGE RATES RISE Gains Range Frem 1 Cent In Ster ling te 15 In Danish v.w VnrU Feb. 2. The foreign ex change market opened this morning with the primdpal exchanges showing gains ranging from If In "-terllng te 1.1 points in Danish. Francs were up i point, lire up 1. and guilders 10 points. Ihe only decline wab thut of ) point In German marks. In most cases the fig- , .urns at the opening were te new high records. I In the early afternoon the nuiiKeti !wan dull and gcnerully at recession., ' 1 from the earlj high leels. .Sterling i a 1 blert were -I ,.".i7ii. demand 4.2!l'Ks ; franc I cables h.a.1 -, cheeks K.Iil1'- ; Ilelgian I cebles T.IlI'-j. ehecks 7.0 P -j ; lire ca bles 1 OjV... checks 4.0e; mark. .1!". I The Central European eehanges wen- quoted today as follews: Ru manian. 7.1; Hulgarian, .: herbiun, l.li'J: Czeeho-S'levaUian, ."; Juge-, Mint-inn. nn riiiututleu: (Jreek, 1 IS: Jl relihli, M rinnish. -'.0li; Austriun. e:t',4; Hungarian, .Hr'. , . . . The premium en New 1 nrk nind In Montreal today was a shade linuerati J l). lit nur ent. The diM'eUIlt en a- nadlan funds in New VurU was slightly higher at -Hs per cent. YESrUHDAVH CLOHINU QL'OIATIONS Slrllns IVanra J,lrn Jullilr lmani . -MS K 31 Wui 3rt U5 Cabl. 4 .!'! S.33 4 70 S7.00 TOUAVrf OPO-INO QL'OTATION? Star.lni; I'ranca Lire Gullilrk 1 sail Slli 4.70'a 37 05 4 804 8 3S'v 4.71 37.10 . iON ClVCTKTlOSS I Ctl Mcrllnc l'rams t.lrn QulUltrr 4 suh, h.:r. t s . . . l.W. ".35 4.03 U Uill. 1 Raw Sugar Market Steady New Yerk, IVj 21 ha raw u.iar mar ket rentlhuisa uulft and iteuuy. with ( iiIjiih for January and Tebruary uhlpment cjuuted ut 2Vc cnt anil frfltlit. Thr were nn Kim filter Ihttn 1J.U0O ban I'uitu Hlces ut SiIId te a- llJl reAner reperti-il jpaterOay. Imuorutlena l.iclu'lid 33 000 nans Cuban (e Hie Atnerlean MUKur Ufllnlnif CemiMii), 111 00O buRi u di" Flr.il hu.'ar lliftnliif l'nViipiin IH.u'lO Uaim tu the 1Vurnr Huir.ir luninnic (nnip n '.ad IVJOO L.iS3 tu ArbucUle llrf anil 7C0U UaKii ceniluni.il tn the trailn In nilillllinl le tlie I'ubai Urn P. ilt nil and BANK CLEARINGS Ilnnl claarlnra today, compared with cor cer cor r..pea... .jM..t two ..; 5rUJ53lf.V' Vent, cles , . H.4752 , . S 4,Ji?4 . . 8.84 538 . 8 (el's 35 .. 8.2U unclwiiKxl ut B. te :..10c. una 3 per cent for l W'- .'. ,.r 'j ,,' A iv.r. S-iw lerlci "" "Hunlinrd n,'.m, Iml Iic..H TIW N, rk. IV., .' Th Cuba fane 8uKr """Z',nr e'nrUn. V J. tvflrlen lJ..ltlrn..re. Crn.rntlnn iinneuijr that It liaa ten- P,p.mu,u'f,,,", M'i"iHanU C.irni..iw. 11.30U.. ulrtfJ Hi nlc of ,lh. ntlr nmeuiit uf i N '.Vnufuc.lun' . lUttmeWKa. T. I.. rn- iunara I ft from thf proOuctlen of iu3l. 'e"u. ' A "ru,, " - "- l ' jPpPIBpw NEW YORK STOCK EXCHANGE TRANSACTIONS Dlv. In I ltta-h .. Advance Ilumely .... HJl 4 Air Reduction fiS AJnx Ktibber l?i 4 Allied Cliem ft Dye... V 7 Allied Chem ft Dye pflOJV, 4 Allln-Chalmcra ,...., 4J-i 7 AIllB-Chalmern pf ... t0i Am Agrle Chem M'a .. Am Agrle Chem pt... .. Am Beet Sugar 3H Am DeRch Magneto. . 3S 4 Am n Shee Fdy new. . Am Can 3&J4 7 Am Can pf 00 IS Am Car & Fdy 14H Am Clilcle 8JA .. Am Cotten Oil 20J .. Am Cotten Oil pf. ... 4314 .. Am Drug Syn Si's .. Am Hide & Lenther... HI . Am Hide ft Leather pt 4'i Am Ice B8ia Am Ice pf 73 Am Internat Cerp.... 41J Teilay' Net Lew Clene- Chge. UK HH-r ft Si -f l H 8 1 lf.3t4- H 4SJ44- m 0'i .. il 1 36J4 3U 81 M 1SJ' 8H lOt'l 444 OVi 33 57 36H 34 M ' 37 90 114 Vt H?4 20 43 h iu U2H 88 75 40 M 8Va 31 67 Vz 100 4CVi 31 89i 65 93 28J, 88 117 14 1337s 130 99 755 2l?i 81 12 30 V5 48H 84 8515 87 Ki at4 28 1 Vi 890 23 Vt llSJi 3 ss y3 34 4 Si 48 80 20 50 61 107 33 ' ION en 43 Vi 115 30 91 27 R3J5 11 66 Ji 47 80 85S 123?4 13 yt 31 fB!4 33 1 i 89 ; 56 3 12U 31 6 15 18 30 21 104 31 73 86 35 W 88 37 90 146Hf HM C0 43 8 V fll 41V5 Hi 1 ?4 M !"i 14 1M V Am-La France i:ng.. "'i 8 33 ! 88 107 3-i-r 9 4614- 31 89 nH 93 20U- 88 U 118 1314 sm Jjinseea a-u . . Am TJnseed pf 58 Am Ixicometlvo 108 .. Am Safety Itazer.... 4 . . Am Ship ft Cem .. Am Smelt 46yi 3 Am Steel Foundries.. 33 7 Am Steel Fdys pf.... U .. Am Sugar Ref OO'i 7 Am Sugar Ret pf 03 .. Am Sumatra 29j; 7 Am Sumatra Teb pf.. W 8 Am Tel ft Tel 118 12 Am Tobacco 134JJ 12 Am Tobacco B 131JJ 6 Am Tobacco pf new. . 80 .. Am Waterworks 7JA .. Am Waterwks G pf. 23 7 Am Woolen M94 .. Am Zinc Lend ft Smlt 13ft .. Am Zlne Lead ft S pf 37 .. Anaconda Copper .... 48 Ji 4 Asue Jlry Goods 849. 6 Ashe Oil Ofl'i 0 Atch Tep ft Santa Fe. 86V4 7 Atlantic Coast Line.. 87'$ .. Atlantle Fruit 34 .. Atl Oulf ft W 1 S S.. 20J'a . . Atl Oulf ft W I S S pf mi 20 Atl Refining 890 ,80 Atlantic Pet 11S 7 Atl Refilling pf 115Ji . Austin Nicholas 14 7 Baldwin Locomotive . 87 V .. Baltimore & Ohie .... 34 Yt 4 Baltimore ft Ohie pt.. CH . . Barnett Leather 45 7 Burnett Leather pf. . . 80 .. B.irnsdale Class B... . 20?i r, Bethlehem Steel 7J B Bethlehem Steel B.... l'j 8 Bethlehem .Steel 8 pfl7 .. Brit Km Steel 2d pf . . 23! .. Brklyn Rapid Tmnslt 13'i .. Brklyn R T ctfs of dep 07J .. Brown Shee 44?i .. Burns Bres A 115 .. Rums Bres B 30 7 Bush Term pf 31 . . Butte Copper A Zinc. . 5? .. Butte & Superior Cep. I8J' .. Butterlck f3', .. Cadde Central O ft R. l5i 0 California Packing ... 70 .. California Tetreleum . 48H 7 California Petrel pf . . SBJj .. Cal Zinc ft Lend SV 10 Canadian Pacific. 134U .. Carsen Hill Mining .. 14 .. Central Leather 3VS .. Central Leather pf... 6Ji . . Ccrro-de-Pasce 34 7 Certain-teed Pr 1st pf 895, 0 Chandler Meters 60 Chesapeake A Ohie. . 50 .. Chicago & Alten. ... 3 .. Chi ft J: 111 (new)... W 1 1 i V 214 14 1U 54 14 IK LUK-r 09 - 1 7 23 83 13- li 36- 48 54 1 88 K- i 85?; 87 V.- W 3 14 2054 19 .. 990 - 3 32 115 ?i 13- 54 07 ?; 34 S4; 45 il 8 "54 1 154 1 V4 90 20 57 01?4 107 - 22 12 4- n?; 44 j; 11s - 30 91 8 27 r3? tt'4 l'4 ?4 1 IK V C9V, . . 48 25s 86 5?i '4 124 1 13 "2 65 -34 8054 89?; 56 3 -12-31-0 r 15 18 31 6354 104 64 si?4 72 si; 1754 59 4454 20 as - 50 - 68S4 2 8 C8?i 80 13 64 Chi ft i: III (new) pf 31 Vi Chlcace ft Ot West.. 6 Chi ft Gr West pf IS'! Chi Mil & St P 18? Chi Mil ft St r pf 31 Vi Chi ft Northwestern.. 63H Chi ft Northwest pt. . . 104 Chicago Pneu Teel. ... 84 Chi R I &Pac 31 Ji Oil R I & Pac 0 pf. 73 Chi R I ft Pae pf. 86 Chile Copper 17 ?a Chlne Copper 27 Clev Cln Chi ft St L. . 54 j; Cluctt Ptabedy 50 55 Coca-Cela 44 Colerado Fuel ft Iren. 26 Colerado ft Southern. . 3S5S Colerado & Se 2d pf . . . 0 Celum Gas ft Elec. . . . 8 Celum Graphophene . 2 11 Cel Graphopheno pt. . 0& Cemput Tab Records. C8 Consolidated Oaa .... 01 Ii Consolidated Textiles. 13U Continental Can 8 !i Cera Products Ret. ..U3ti 17 Jes; 54 U 53 44 38 3S 50 M 9 "8 90 12 54 103 115 343 (10 17 !i K 311 60 107 113 23 144 81 H 8 12H 6K 78 83 83 1354 14 8s-U 57 1 68 144 Vi 8 efti; 80 37 85 17 i 28 73M 31 K 37 6 73 ?i 8 a 73?; 13 100 : S89S ft 8 10 2 83;; 15 7?; 20 71 12 48 14 25 2 11 48 15?4 1 1. i ' C7 28 11.3 -f 4 Cern Products Ret pf.HS'i 115 154 5290 2.00. Cosden ft Ce 34J6 34?; 3(00 1800 1030 a:i9Q 1360 0 400 490 700 0490 4400 1100 800 100 7.199 400 20 3)0 510 1011 13)0 300 39(1 4U0I 1511)9 19.1 190 2)3 100 neu 109 170.1 ion 100 100 6290 1 1ll 5 JO 4)0 400 4911 100 ten filiOO 5449 ;oe 399 4 Crucible Steel 3!4 62 18 0 23 61 107- 113 22 145?; 8154 .. Cuban Am Sugir 1J .. Cuban Cane Sugar.... OTe .. Cuban Cane Sugar pf. 23 s 8 Dalaeu Chemical ... 61 Jj 9 Delaware & Hudsen. .187 '2 6 Del Lack ft Western. 113 1 Deme Mines 22 ! II Klectric Storage Bat..l48J4 C Endlcott-Jehnson .... 82 H Krie &H . . Erie 1st pf 12 . . Krie 2d pf &?4 3 Famous Players It .. 80 8 Famous Players L pf nVt 8 Fisher Bedy of Ohie pf 83U .. Flsk Rubber 13JS . . Frcepert Texas 14 S-2 a (Jen Am Tank Car.... B3J4 .. General Asphalt " r, General Asphalt pf . . . 82 6 Ccneral riuar 08' H General Klectric 1 . . General Meters 9 n Uuu Meters deb 0., 6U 7 Gen Meters deb 7.. 80 . Goedrich B F 37'i 7 Goedrich li F pf MJ .. Gray Davla 17?i . Gianby Consel M & M 28 U 7 Gnat Northen pf.... 73Ji 854 13 78 83 83 12 '4 83 8 58?; 3 82 68 14654 -r 0 -I 69 80 37?; 85 17?; 28 73?4 31?; 37 8 4 72?; 8 f - 74 13- 100?; :i . :s r 3 8?; " 20 83 154 i C8i- ai 72 12 Ji , 40 15 28 . 3?; 13 41 35?t -23 53?6- 37H h 28'. Great North Ore ctfs. 31J-4 . . Greene Cananea Cep 7 .. Gulf Mobile & r..., .. Gulf State Steel .. Guantanume augur ., .. Hablrshaw 151 Cable.. . . Housten Oil 1 Hupp Motorcar .... 7 Illinois Central 00 Indlaljem.i Ref . . Inspiration Cen Cep. , .. Intcrb Cen Cerp.... . . Interl. Cen Cerp pf . . . . Internat Agrlcul .... .. Int Agrlcul Cerp pf.. 1.30 Iltt Cement a Int Harvester new . . . . Int Mer Marine 0 Int Mer Marine pf... . . Internat Motertruck 7 Int Motertruck lat pf . , International Nickel . .. international Paper . ., invincible Oil Cerp.. .. iron Preducta .. Island Oil , . Jewel Tea .. Jewel Tea pf lnn.u ltrri3 Te.1 5 7434 H 1 74 13 ieu;; 3i OH 84 3; 28 83 15H csj; 31 V 73 13 'At 51 15 28 24 12 40 soe: itue 13)J 7999 '.'S00 :ioe 1100 490 33)0 1900 5039 1600 300 259U 1499 100 300 808 23)9 37 .. UW.I. u - ... .. Ktimua City semucru ? 4 Karnes City He pf.... ajja . . Kansas & Gulf. . ... . J Je .. Kelly-SprlngflcId Tire. Vijt .. Kcnnecett Copper ... DIVIDEIDS DECLARED triit.fh cm" en coininen. P-yubl April 1 in BtiA.lt of loterd Manli JO. Charters Filed ... (.1.1, . i 'hni itrn tiled teilal tirr. .. '" -, inrnnrntlun. M'J.- Ttlti irimitlia' nre K'..t atia.B Itn nm '" "r.'.,.,..,:l.v.vr? IWvinli'i- ureat n.iMiiilier itruaa" S0.'.'l.,'-,.nTil 4,7i.T. IT.". PN.iniwrr. ttcem. .' WJ3.1M .,., "L" Twftlvn mes.' ifreaa,!.'u0,4.il,..u.i 'l.'.iT.i.imi .Net op. InrSme.. a3,U4i).7iq 11,031,117 Prices Improve en Paris Bourse IMrla, Feb, 2. l'rlcea lmprevlA in few York-teoiy Araian witac. en ffsmix:;, Vn i.emibn.';sif sab. tj Threa Pr eni . rrniwi, I.xeil OJO. Tli dollar nr' cnt lean '7.M Use, quuted. at IK WSH'. Today's CIote HAtes 3510 Rich Keystone T & n lau Lew 184 138?4 40 16 87 84 H'4 18 11 7 148 S 43 48 . 39 18 46 S 83 31 34 100 11174 'e 11 'all 54 a 854 38 16 1654 44 CB 103.54 13 54 131 118 1H 40 80 90 1454 57 74 6354 31 16 2 100 11 83 4014 14 77 26 3 4 13 125 10 40 38 7 64?; "li 46 81 45 4 34 9 CO 16 85 33 80 si?; 29 1454 31?; 9 06 59 23 14 64 70 600 400 8 Kresge 9 S 181 . Lackawanna Steel ... 47 lake isrie & West..,. 10 100OS.SO lhlgh Valley 88 M 7 Lima Locomotive .... 07 ' . Leewo Ce 11 1 Left Candy 11 300 1000 300 7 J.OU1SVW0 ft NaslrvilltlH .100 300 3390 3109 1300 Loese-Wiles Rlseiilt .. HIS 13 Lerlllard Tobacco ....149 .. MclntyreP Mines...,. 854 .. Manatl Smrar 48 7 Manhattan Kiev auar. 48 2J00 1.78 Manhat Shirt 40 100 ., Market St Rwv nf IB 1100 890 3090 4100 100 400 7709 .. Market St Rwy pr pf. 41 . . Market St Rwy 3d pf . 8 .. Martin Oil 94 3 Martin Parry 3354 . . Math Alkali 21 8 May Dept stores 107 13 Mexican Petroleum ..11354 9 Mlntnl r.MM v 400 jl,2 Middle States Cerp!.". 18 .. 111 iivn n Nraai .inii'. 308 . Minn ft st Leuis 814 . Me Kansas ft Texas.. 1 . Me Kan ft Tex pf.... 3 . Me Kan ft Tex (wl).. 8 . Me Kan ft T (wl) pf. 54 . . Me K ft Tex 1st A W. 18 . Missouri Pacific 1 . Me-Paclflcpf ....:... 48 3 Mentana Power 9 7 Mentana Power pf,..103?S . Montgomery Ward ... 18 7 National Biscuit 133 7 National Biscuit pf..,119 . National Cen ft Cable. 1J4 e Nat Bnam ft St 41 7 Nat Knam ft Stamp pf 88 6 National Lead 81 0.ev. Cen Copper 14 . NY Air Brake 57 S New Yerk Central.... 74 5 N V Chi A Hf T. ".I ,tf fl'jlX 13609 1400 33200 '1J0O 100 700 1090 300 100 3800 300 100 180 5500 200 700 330 300 700 r 100 ln . .. . - " " -" " "' -. ou isew rerK Deck 33 4700 .. New Yerk N It M.. IBtA 200 2 New Yerk Ont JC W. . . 9IU 100 100 1S90 400 1500. 3600 300 1300 100 590 100 13)0 tee 4300 200 10a 100 75)0 1100 3100 2909 890 000 1500 100 299 1590 100 203 1909 1090 1090 100 20(1 400 . . Niagara Falls pf 100 . Norfolk & Southern.. UK .. . . . . a iNenn American ctfs.. 8 N American pt ctfs. . . 58 40 7 77 54 26 "frill nm uiass a. KlS, 7 Northern Pacifie . . Neva Scotia S ft C. .. Okla Pred ft Ret... 2?4 J4 . . Ontario Silver Mining. Orphcum Circuit 13 8 Otis Hlevater 135 .. Otis Steel ... 10 40 27 74 61?4 11 46?4 fil?4 46 3454 0 69 30 55 33 88 si?; 38 18 13 n?; 6 8854 3354 14 04 38 80 111 38 34?; .. Otis Steel pf 2 Owens Bottling .. Pacific Devel Cerp... 5 Pacific Gas ft Klco .. . . Pacific Mall 8 Pacific Oil 6 Pan-Amer Petrel .... 0 Pan-Amer B 2 Pennsylvania R R... .. Penn Seaboard Steel. 5 Peeples Gas Chicago. . . Pcre Marquette 5 Pern Marquette pf ... 3 Philadelphia Ce .. Phillips-Jenes 7 Phillips-Jenes pf . . . , .CO Phillips Pet .. Plercc-Arrew Moter .. .. Pierce-Arrew Met pf. . Pierce Oil 8 Pierce Oil pf 0 Pitts Ceal Pitts ft West Va !4 254 1 V, 14 400 l.oe Pend Creek Ceal. 500 Pressed Steel Car..., Producers Refiners . . , Pub Service of N J.., Pullmnn Punt.i Alcgre Sugar. , Pure Oil Railway Steel Sprlne 000 1400 300 3590 2109 400 100 s Hi 70 118 3654 33?; f6 113 1B5 1454 72 45 48 33 63 29 61 83 7 47?; 3d J 4 21 33?; 06 liaiiway Kteel Spr pf.113 300 3.41 Rand 'a V Mines 10?; 400 3200 180 100 000 100 1800 1490 300 300 Rav Cen Copper 1454 Reading 72 Reading 1st pf 45 Reading 2d pt 48 Remington Typewriter 23 Rem Typewriter 1st pf 63 Replegle Steel 31 Republic Iren ft Steel. 53 Repub Iren ft Steel pf 84'; 7 licpublic Meters 1 V: 800 5.20 Royal Dutch N Y. 481', 6)0 St Leuis San Fran pf. 36 'St Leuis ft S W R R 21 490 100 100 400 100 430 2400 1590 St Louts Southwest Pf 33J4 J? I Santa Cecilia Sugar. 3 Saxen Moter Seabenrd Air Line... Senbeard Air Line pf. Sears-Roebuck 354 2 8 63 17 3654 is?; 62 81?; 18 48?; 314 27i 5 61 16?; 30 1054 40 81 17?; 4H 4 178 11454 27 37 t9 4?; 5 4 10 43?; 27 83 5 42? 82?4 130 63 18 30 19 954 69 is ?a 127 73 10 J 2C 60 IU1 63 1754 57 5 44 95 3 6354 9054 34 83 117 13 1054 13 li 02 30 68 J g II 5a 6 10 11 80 16 03 61 6.1 01 n m 8'i 8 "1 "?4 116 4A 8 2 1 'A li ?; u 4 lis 1 Seneca ("op Cerp 400 83 Shell Transport 3200 Sinclair Oil 200 4590 400 200 809 1899 300 1000 30O 38300 1700 1300 839 1590 0400 10180 3109 Se Perte Rice Sugjr. Southern Pacific .... Southern Rail Southern Rail pf. ... Standard Oil of Cal. ?; C5 Standard Oil of N J.. 181 180 54 'A 174 154 Js 1 '3 54 li Standard Oil of N J ptUS Stewart Warner Speed 28 Stremherg- Carb 1 Studebaker Submarine Beat Cerp. Superior Oil Cerp.... , Tcmter Cem ft V "A" Tenn Cep & Chem.... ; Texas Ce Texas ft Pacific 80K 4 6 6 1054 . 45 . 28 . 2474 . 44 . 33?; ,130 1 Texas ft Pae O ft O. . 19600 3.00 Tex Pac Gulf ft Sul. 1J4 1 6309 Third Ave 100 3100 109 400 200 asoe 100 1100 1100 393 100 700 590 3300 10300 600 100 280) 42J0 100 3899 53)0 2)0 100 10300 4G0 399 0490 7609 1110 499 iOO 2011 129.1 4J0 800 500 J 5JU 200 3H99 100 l'JO 1IU0 200 1100 6)1 1109 100 1193 109) 100 8 Tidewater Oil ... 6 Tobacco Products .... .. Tel St L ft West ctfs. . . Tel St L ft W ctfs pf . .. Tel St L ft W ctts U. Transcen Oil 8 Union Bag ft Paper. . .. Union Oil 10 Union Pacific 4 Union Pacific pf 7 Union Tank Car pt.. .. United Alley Steel... .. United Drug 8 United Fruit 6 United Retail Stores.. 18 31 IB 10 00 10 127 'i 73 103 27 70 175 inu 10 57 fi.'e 447a 05 60 14 84 54 DO 54 34 6 117 (3 1314 :54 02 uu; 68 54 6 54 1' 1 I 2?; ?;' !l Y I IS I J4I .. U S C I P ft Fdy 5 U S u I P ft Fdy pt. . ..US Feed I'leduuts ., ..Us Iud Alcohol 7 U S Ind Alcohol pf . . . ..US Realty ft Imp.... ..US Rubber BUS Rubber 1st pf . . . . ..US Smelt ft Rtf BUS Steel 7 U S Steel pf 2 Utah Copper , , Utah Ste .. Vanadium Cerp 7 Van Raalte 1st pf . . . . .. Va-Car Chemical .... . . Va-Car Chemical pf . . .. Yhaudeu lac , . Wabash . . Wabash pf A 1 Weber ft Hellbrener.. .50 Wells Faige Kxpreas. v 1 14 ?; 14 1 15j l'i. Hi 1 54 10H 17 81 Western Paclfle iui 7 WeatliigheUfe A Uraku 0V 4 WcstliiKhQUHa i; tV M 63 4 Westing K ft M 1st pf 65 7 Western Union Tel... tl .. Wh'Hllngft Li; !i 4 While Moter :e .. White Oil Cerp 9?; .. Willys-Overland C .. Wilsen & Ce 1356 .. WIlI. Spent; Steel Cerp 14?; H Woolworth F W 130 4 WerthliiKtun Pump... 47 25 Wright Aeto 8 i"l "li 1 54i 1, y h 14 'A 14 i Dlv. In RAILROAD EARNINGS Treasury Neth Wutliliisten, Jair S.- Oversubscribed ATCHISON HVHT'JM UlL'l -Mulivrrlptluni for the I'1.-1 ... 'n.0"?" 4V. nr .nl Trfnauiv r.i.li. r. .Sitt.usti.tiii sri,s'j ,1IN- ' "' 7.i.rjM.! ..aiM.niii Z-r,.aLwA eti.- SI.VO0.rioe.il of "..Jl'iJ.aiit .l.V..l(ll.tJl ?.oe.000,ooo roprjrenta pmiucnt ;,-.,., ..-.,. v.i..i Victory Natja, 1H-I.. inenljia' nreaa -jj."'-';"..''!" .t.t.il.-l.i hjjs, ueaui ut neon jtaicrdar. I'Mlwliwr, .i-t ui.r. Incenw. ,,tHi:" (1X""'.,:?;',lr,perta n-celved from the twlt, Federa ne. Net eper inuimc .. . l'"'' Vi . ."'-'Vi!1, ' lr IIOO.eOO.OUii, or thtreabuuta, with TpH mimthk' ureat. Si.r.JKITj 4 n 15 m 1 1 nrve.l tu the hr..... ...... Nit uir. in. onto .. '""" Tnaaur tb uilut Urt.nilenal ,,ii.; 'n t 0l',! UUIItllt VA I.I.I ..,,.,, half th t hmeuV ) tl.e eM..,t thut i,i,3,,, Iiiri'inl'ir Bniaa .... W.'JIT TI :,'5 2J la tcmliraa In Vic'e.y Neiifj, hai JBn V . ..m.. I.......... .. HA'l.IflS tlUH.r.T 1 l..V.u. tll.e. . Uflll t(V.lt tLtll Mill... r I ... (.. " . B., R. and P. Increases Dividend New Yerk. Feb. 8. The Huffale. llecr.ee. BAR SILVER ter and l'lttaburKli Hallway etn'-annual dividend of tl bnr' allver waa unehanstd In tt OOWp- wr fins eunct ftlvance of tic. In U ferrad IIUIUj.II XZr ln - i-W rwe UIV v .11 .USUBt,- iu; e m ( ew NT0.r p.m. Net Chue. BREAKS NEW HIGH GROUND 1054 14 128 - 3 40-i- "A 10- 48 54 074 1114 ... 10 - 14 113 38 1!4 149 a- W 48 8 48-54 491 18 41 1 8 14 341 81 .. 24 187 1 113 154 27 14 13 30 Ji 8 .. l 14 3 .. 8 94 8 54 10 .. 18 14 6 ?; 68 154 10S54 314 13 133 3 118 154 14 40 3 80 T 374 se- ?; 14 .. 87 74 1 8354- 54 33 1654 21 100 .. 11 14 55 1 4054 54 e- 77 26 3 .. 4- Vt 13 135 10 40- 1 37 f 3 7?; ?4 64?4 54 11 14 40?; 7i 8154 74 46?; .. 34 14 a 69 20 63 - Vi 33 85 0 Splitting Up of Electric Storage Battery Shares Open te Criticism Klectrie Storage flattery and riilln dclphin lleplil Transit remained the outstanding features or 1110 10cm nmj kct. Official announcement of the long talked of recapitalizatien plan by the Klectric Storage Bnttcrv directors gave fresh Impetus te the bullish activ ities in that uteck, carrying It up ever r.!)i points te 147. Philadelphia Rapid Tran-sit at the same time broke Inte new ground, reaching 21, an overnight gain of nearly a point. Few transae; tlens were made in lt new stock ut 3i nn tltn KnU "when np if Issued. The splitting up of the shared of the Electric Storage llatlery Company enine in for mere criticism than favor in local financial circles. In mere con servative circles the action of the beard was deplored as it was regarded as playing Inte the hand of speculators. It was pointed nut that In view of the wonderful record tlie management hail mode in bringing the enterprise from the stages of a purely speculative pro motion te a high-class business proposi preposi tion, and one that had earned the esteem and confidence of the entire banking world, it wna te be regretted tlin ktnek market side of the matter should haie outweighed the business end. Ne word were minced in con demning the splitting up of shnres, wlilnli menus the nessibllitv of the Stock becoming a llttle short of a speculative football. , . The speculative end, of course, hailed the action with a big hurrah nnd in sisted by the recapitalizatien there would be mere general trading in u lower-priced stock, which would be mere ensily handled than a stock selling around SlfiO a share. There ere new less than L'OO.tlOO shares of the old ?100 pnr-value stock outstanding and after thi nlan cees through there Mill be about 800.000 shares of 110 par value. While the further ndvance In Phila delphia Hapld Transit te 21 was pop ularly ascribed te Mr. Mitten's profit sharing preposition nnd plnn te place the stock of n 0 per cent bnsis, thcie were many en the street who held the opinion ether influences were at work. A great many theories were in circula tion, with further Intimations of a possible contest for proxies between the management, nnd by thoie who nrc net In favor with the policy and gen--,it ,ilinlnisrntlnn nf the Mitten man agement. As most of this was in the nature of conjecture it would be un fair te both sides at this time te in .i..tn In nut- (llKPtiHMlnn. Possible de- 81?; 30! 54 33 V? 14- 04 r 28 7n74-!- 111 37 T4?4 80 113 18?;- 1454- 73 45 H4 14 J4 Vt 'Yt 1 54 54 1 2; 1 vclepmcnts may open ay for it later en. . Pennsylvania Railroad was one of the strongest features of the general list, advancing te H-l'i. en hma11 bu?" lug orders, theteby recovering near y the whole of the quarterly divi dend taken off this week. The L. G. I. shores were stronger, and trading continued fairly active In the Phila delphia Meetriu Issues with Indications ..r i.n Lnmn nrvniilzeil sunnert. Trans- m.H,Mm In the Rank of North America ?; 1 54 74 54 54 14 " - - --. ., .. warrants were smaller, out me price variations continued wide. American i:,w Kenred nn advance of IiV points. .iKrlnHlntr n scant bupply around the eiirrent nuatotlens. American Stores wns up V2 point ou brisk trading In the early proceedings. LchlgU Niivigatlen 63 31 62 84?; 7 - S 36 21 r 33?; 2 3 37a 8 6i?; -t- 17 3654 10M 63 81 ?i v was up Oi, and Pliilailelphla company cumulative preferred improved '. 3 i?4 1 Small transactions weie made in l-niia-delphla and Western at 03, a galu of )eint. Philadelphia Stocks Net Cles Uiks. 4.ih l u 2'j Hlsh Lew 10-fAllis-Chal 45',n W ISM) Am Sti-s.. .SIVJ4 WI'j IHIAm (la. . HO 0."i Va 156 54 54 3 14 1 r." Am Ilwvs (i lOfAtl Gulf. 20 lUSRiinUNA war w 1. r7 1"t f'amb lre,i ItH HOOtChlne Oip 27 OOtCel (irnph 2 lOtC'entih'tiil Can .... ."stOi lOOtC'wiclblp. . 02 -1 20 20 3i nr4 i?i :-ts .. f!4i 7 115 28 S8J4 80 i- 4?', 6 4- 1054 44 iBH-r 24? 44 nrfi rai4 i?; 174 114 "v 14 74 1?4 54 02 tu i-i JOtDav'nChmOOVi 00" 20-12 Klec Ster 147 144 04- 11 HO'i-H'i .17 .. 200 de new W K I .. ! n7 .tt 20tKam Play. MVs ill-Y tfOU-j-lJ's 240tGen Mtrs. 8 8Vi J r:k 111 CeN A. 31 . 31. ?1 i 5 Key Tel pr 27i Ji -'iv U G40IiSup 7 8 -j- Vt, 830 Kch Nav.. 00 003 00 2 50tMcx Pet.. 113 113 113 1 5 33 1 130 63 18 31 IB 10 60 -!- 137 n 73 103 27 61 13554 -8 2.-.N Y X II 154 1 1 54 1 54 &, 11 IU'4 3H 10i 33?s 10 Vi if. " 07". Vri H It.. 345-f- 24 , . 15 l'liila I'd v rum pf.. no! ".tilj r.en iMiiiu Kin- "i -i :17 de prist.. 'Sl i!7H l7.'l ile wur v 1 I7s l"u -110111' lt T... 'Jl ),. 100 l'liila Trni- 0." O.i 100 l'liila & W OVi tl'j l.'tritKtiiilHiHkr WVi WIV4 JOtTrans Oil !9i U:,4 miDtUiiliiii Oil Jl 1! UJiril'ii Trac. :t0:is ."! II12S U (S I .. KSVt HS .10 ile nref.. T,Vi Ri?; -i"iT "t lRi H 20 Vf- r; v. !4 en .. Gi-r Vi U(ial"a 10 iv wr v r,ia' ' v: li 54 4 !4 10 -1 67 : i en- 44?4 05 60 84H 8854 31 814-t- 117 63 13 f i?4 r 02 30 68 24 "(Ml Yerk Itwr l'J Vi Vi h- tN'et channe ma ile by cempitrlHOU with last gale en New Yerk Stock Uxchancc, Total anlcs, 13.080 i-hures, lemparcd with IS.iirj tharca s-KntenUy. Thus far thlj .vch, 10,1-S aliaren. iiiiL.ni:uiiu ponds SaOOO Liberty llil 4'4S '-'.. lets 47.4R 1100 I.lbi-rty -1th -l'srt ':ih int. nti 500 Llbeity 1th -',is "M,.... WW.TA 10(MK Liberty -llli -P'in '.'IS.... im.."iS -i:l00 Victory -t'lis "SA. .leU. . .100.20 L'.VJOO Victory 'i'h "& lOO.'JS 1700 Amer (Ins .! Klec 5s, lets SO 100 Amer Ous fi: Klec 5s. ... 85 1CHHI Amer lias & Elec 5s. ... S4 1000 Amer Uas & Eire 5s HZK '000 Hell Tflcpliuiut 7w 100 154 W 114 154 154 Hi '?; 14 ?4 14 ii 7 314 1 14 1054-5 13 81 J. 16 "" 01 6 no -r 4 14?4 . 150 -J- 1H- H .1. ;0CM) Kcjhtnnc Tel 1st 5s. .lut 7!l 1000 l'lilln Electric lfct 5s,.. lets !7 0000 l'liila Electric Ut 5s., lets SHl-J, 0(M) l'liilu Electric Ht 5s.. lets 110 1)000 l'lilln Electric lis lets 101 1)000 Phllii Electric 0 lets 102 1000 I'ulteil HnllwajK Is 5S 1000 1'nluil Hullv.ayH -Is 7ST4 Total, 11U1, IO11, iiimpaird wlili $1,.L' it.iu (Biitdt.y. Thus fin thla C"U, J4b'j,100, MONEY-LENDING RATES li i?; ii ? 114 014 Vt 1 NKW Olth Jlenay en call, both Clausen I of oellutar.il. nptm-d today ut e'j ixr cent ler lending and renewing. 1 The tline ineniy marliat au extremely iiulft at nominal nuutatleriH or 48 &S per CelU, il.u un.y uueim-a. . UUBUllCil, llulv- cvci, win ut thf litKhei lUuri'. l'rlme infiiinllli' pater na iiulet at tlie celltter.il lenn tinw latps. 4.i."i wr cent. The condlllen of tiiu call money murkisi ini.tlnues .0 eptr.tii kiralnat ncthlty m prlme batil. uui'pl,uut.'8. ltati'K en th lam iiiriiileiud cre nominal today at 441 it im tent, 'JII.AI)Kl.rHIA- lull, r rer tent, time Mitre I'er tent enmt.ieri.ul paier, tlirce te Mf ineiithr, r. V w f. . p. r cent, LONDON Meney Ik nunlM ! 2'j v r'i 1.1 .i.. . .... "v. t.-n A-IU.- i, DlatkUM raten. aheil bl'i :H4 per lenlj tliree inentlia bill. 0W(3it per cim, French Bank Statement IMrla. Feb. i, The weekly Htatemem or the Jlank of Frnnru ahewa: Held In liar.d Incieaaeil 107.000 frtincai alUer In hand In creaard HOOOi iJlta In circulation Increaaed S,8Ht,noei treaaury depe.lu Increaaed 0.. eiifi Aliile ifMinl rlAnnarla (--.. .. wiiM. :i.J: tondero,! i hue declared en common and Ilel rWile IiIIIh ftlttPfttlntaail ItiAHaa..! -tatj ..-.' iWOtwWevftOqeV J' !" "OC Bilyancea tu thv mate urtreunt te Gte.wJ: lyiumen. oey,' FREE OF PENNSYLVANIA STATE AND FEDERAL INCOME TAXES ALLEGHENY COUNTY Pennsylvania 4!4 BONDS Due Serially 1922-1949 Aliened Valuation 81,941,313,221 Net Dabt '. $31,726,725 Population 1,185,508 Price te Yield 4.15 Janney & Ce. Formerly MONTGOMERY & CO., Inc. 133 Seuth Fourth Strc-l Philadelphia Telephone Lembard 4320 Tremendous Assets Assets of a company are the assurance of substantial worth and solid value behind a security. Many companies whose stocks are traded en the New Yerk Curb Exchange are backed by tremendous assets, running into millions of dollars. 45 of these companies have assets in excess of $5,000,000. The combined total assets of three of these companies alone are mere than a billion dollars. There are ten of these companies whose assets aggregate ever two billions of dollars. The furnishing of concise reports en specific companies is an important , feature of the service rendered by Jenes & Baker -" information head quarters" for stocks traded en the New Yerk Curb Market. It is significant that nearly 40 of Jenes fit Baker's new customers are introduced by old customers. Sent en request- ' an illustrated 40-page book en the New Yerk Curb Exchange; ask also for re port! en the stocks which interest you Philadelphia Office WUmoBefldtoa TeUfkmu: BeH- - - LecnK4730 Krpten Race 5861 Baltimore Office 433 Bpriabfa Bafldbis rtbffeMiItmMSl Tenes & Baker Members Newybrfc Curb Market Direct Private Wire Kiv Yarlc Chltara Beiles FhUiddpkla Pltubergi Detroit BtlUaere ClreiD.4 Bank of North America Rights te Subscribe If purchased at present prices will yield OVER 6 We Solicit Inquiries BARNES & LOFLAND 147 Seuth 4th Street IF Wholesale Department Manager A Philadelphia investment house of issue desires an experienced securities salesman te manage its Whole sale Department, placing underwritings and whole sale securities with investment dealers in Philadelphia and vicinity. Man se qualified can earn approxi mately $10,000 per annum. Address B 133, Ledger Office Investments Baker, Yeung & Company JOSKl'll W. 6WAIN. Jr., Mana, Land Title Bldg. IF Bosten Philadelphia GARRISON & CO WIOENER BLOa MEMBERS-NEW YORK AND PHILADELPHIA STOCK EXCHANGE BONDS FOR INVESTMENT II ennHSBrnnssaDR 1 r.k.....l.i m . . m. . II """" " m wr ve. a T,gi Telephone Lembard 4173 EUROPEAN BUSINESS EXPORTIMPORT AND ADJUSTMENTS Yeu want te aecure llv asenH W ieir rreducta . h Yeu unnt tn mrure afftnclli European products . . , ,fci. Yeu nant e dlapeae of that a inent ellr customer refund l h V... n.u.l .. . miin.lMll AieCUH le uerli out aema edjuitmeat " ou In Euiope M'RITE ME TODAY t am leavlns In one week for an "tMj trip threuh Hurepe. I urn well acquaiaw there and hae excellunt connection, work en reiniiilmlnn only. I pay all " own epne, Yeu pay only hen Ihlnar dinnltu baa been aceumpll'litd, "" Hank icferuncea furnlaticd. IJ 118, LEDGER OFFICE WANTED . I'mnaeUanlit It, It. Kaalp. 0' 10SO .jf Canuillun Nerllimi Railroad KqulpataltV Krle Hallreatl t'empanr Kqalpmenta, Northern Indiana dna WeetrrJ, Mli Wk iP!HnMiKMfm,r',,'0?; U im.8mi ' flM ?'JaiiiiaiiiiiiiiKaiiiiiiiiiinc.VrB - J' ., t U-tt.'. '4S
Significant historical Pennsylvania newspapers