16
EVENING liBDGBR-PHXUABErPHIA TUESDAY, TEBBTTABY T, I'OlQ.
A. BoncM3f ferine
A Conciliation of
Investment Strength
The Ten Tear 8 Clold Bonds
-yt Jho Middle West Utilities
Company yielding about 6.60
ore secured by a pledge of
mortgage binds on properties
of subsidiary companies oper
ating In 12 States and 333
towns and communities.
. The earnings for the last
fiscal vear wero over three
times the annual Interest re
quirements -t theBo bonds,
Because of the great diver
sity of sources from 'vhlch the
Incotno Is dorlvcd and hocauso
of tho great number of prop
erties by which these bonds
am secured the Investment Is
Unusually well safeguarded.
Send for Circular No. 324
William P. Bonbright & Co.
Incorporated
Morris WIstar stroud, Jr.
Manager
437 Chestnut St., Philadelphia
ittixr York Boston Detroit
London Paris
William P. Bonbright & Co. IJonbrlght A Co.
I
FTW A TrrTAT TVTTnW.Q III
Reliable Advice
From a
Responsible House
Our
I February Investment
List
is now ready for distribution,
and wilt be furnished on re
quest. To those requesting that it
bet sent by post, we suggest
writing us the particular pur
pose for which investment is
desired. We shall then be able
to advise, and to specify the
bonds which, in our opinion,
will be appropriate.
Edwajps &SftUTMj&C
RANKERS
EsTABUsnrD 1802
itemhert Ifew York and 1'htladelphla
Stock Exchange!
BlOlD iND CIIEST.NCT STS., PltUADA.
30 Pinb Stbeet New Tobk
ELKINS, MORRIS & CO.
BANKERS ."
Land Title Building
Philadelphia
American Ice Co.
Real Estate 1st 6s, 1942
Earnings Over Three
Times Interest Charges
Pennsylvania State
Tax Refunded
Yield 5.88
AN UNUSUAL
7 INVESTMENT WITH BONUS
Customers of the
PATHESCOPE
Pennsylvania Railroad
du Pont Powder Co.
Bell Telephone Co.
Barber Asphalt Co.
American Tobacco Co.
Anheuser-Busch Co.
Waterman Pen Co.
Remington Typewriter Co.
Ilershey Chocolate Co.
Larkin Soap Co.
Edgar W. Bairil. President
J. Alex. Leggett, Vice President
B. L. Van Schaick, Treasurer
A block of the guaranteed 7 per
cent. Preferred Stock with a com
mon stock bonus is offered, subject
to prior sale.
Write for illustrated book and
details.
BURNS-DODDRIDGE-WHITE CO.
New Stock Exchange Bldg., Phila.
W C ,'
ouggesuons
How to Invest
for both large and small
investors will be given
those who write for our
Circular No. L-143.
I A. B. Leach & Co.
Investment Securities
115 South Fourth. Street
Philadelphia
New York: Chicago Buffalo
Boiton London, Eng. Baltlmora
f"'""""!1
&ammmammm
POWDER, STOCKS
All powder (toilu actively dealt
In, Our market la a clone one.
Securities housht and carried on
coaierratire baila.
Downs & L&nghorst
25 Peaver St, New 9fork
lUUKCTOKY OI ACCOONTANT8
CertMed l'ublta AcmuntaoU
IWKI
VIGOROUS BUYING IN STOCKS;
ORDERS WERE HARD TO EXECUTE
Offerings Scant Cuban-American Sugar Up 18 and In
dustrial Alcohol More Than 16 Points Urgent
Efforts to Buy Back Issues Put Out Yesterday
NEW YORK, Keb. 1.
Another change from clouds io sunshine was recorded In Wall street In
today's trailing, tnstend of stocks being; offered at concessions by both nggroa-
stvo benrs nml weakened bulls thcro wns vigorous buying1 from tho start, with
offerings 'scant, mnklng buying orders hard to execute, except at brisk advances
in prices.
Tho prlco movements Included an advance of 18 points in Cuban American
Sugar Refining nnd over If! points In Industrial Alcohol, while Uethlohcm Steel
followed with a gain of 15 points to 46S on n few transactions. In the rest of
tho list buying orders camo from various sources with tho leading railroads
and Industrials making gains of around 2 points and with theso upturns oven
tho President's speeches were regarded as bullish factors.
Probably most Important as a moving forco wns found In the Penn
sylvania Railroad's statement for tho month of December, but In addition
tc that tho list of dividend declarations for tho day, Including tho Initial
dividend on Kcnnccott Copper, tho extra dividend on Studebaker and tho
distribution on Amorlcnn Cotton Oil. Following the resumption of dividend
on I'nltcd States Steel common a week ngo, and tho Increased dividend on
St. Paul last Thursdny contributed to restoro confidence and Induce vigorous
buying.
It wns expected thnt tho Now York Central statement for thu month ot
December would be Issued today, but It will bo deferred for a few days, as
it will complete tho entire, fiscal year, and It Is necessary to gather In many
detailed Hems so that the total will conform to tho showing to bo mado In
tho full annual report when that document Is issued. -
Tho earnings referred to and tho dividend declarations proved hard for
bear assertions to offset, and a feature of the day's market was urgent efforts
to buy back some of the largo lines of stock put out nt low levels when
the market was under pronounced pressure yesterday.
Default on 31., K. & T. Second 4s
Interest on $20,000,000 second mortgago 4 per cent, bonds of Missouri,
Kansas and Tcx.is. due today, will not bo paid. The default Is not completo
until six months have elapsed without Interest payment. No Interest will bo
paid on $2,500,000 first mortgago 4 per cent, bonds of Kansas City and Paclllc
underlying securities of tho Missouri, Kansas and Texas system.
New York Stocft Sales
Ijotrtoee. Tilth. Low. Clone
Alaska J Gold Mines. . Mi OH OH Mi
Alaska Gold Mines.... MM 24 2,1U
Allls-Chalmers Mfu... 2H 27Jf 20H
Allls-Chalm Mfe pf... "W 78H 78
Am As Chemical 671 08J 07
Am Hoot Sug.1t 62W H OIU
Am Can MM (Wi 0l
AmCanpf Ill) 1I2 112
Am Car & Foundry... 0,'i' (MH MH
117
.117! 11714
2t
27
78H
(SSJj
raw
0211
112
on
117
Am Cnf A VAe nt.
Am Coal Products... Ml 1071$ WIU 10S
Am Col ion Oil 5U4 KJJf f.2)i (Wi
Am Jtlda A Leather. . . !) 10M 10 10JS
Am Hide & I, pf 48)i CO 49H
Am Ice tVcutllles 27!$ 20lf 2SM 20Jf
Am Unseed. ...I.: 22M 23H 2.'l 2J1
Am Unseed pf I0)f 42, 42 42
Am locomotive rvilf 05M M CJiH
Am Smelt lief wOK 0!) 07U l)7Jf
Am Smelt & Kef pf. ..lKHf lMSf 111 114
Am Steel Foundries... ft? KIH B3 KW
Am Siluar Ilcflnlnjr. ...111K 112)8 lirjf 112
AmTcl&Tcl 12014 12(l,f 1201M20H
Am Wool tr r 4Wf 40 48 4lf
Am Woolen pf tr r. ... 07 07 00 07
Am Writing Ppf lit U!f 11U ll!f
Am Z I, & smelt 00 1)7(4 005 074
Anaconda Copper g.'MJ 8i'4 KM 84)1
Associated Oil 02 Ml o:il KM
Atcn i' s f...
Atch T A S V ot.
Ualdnln Loco 100
ualtlmoro & onlo 87
ma io m io2! mm
100 100M 100 100
1I1J4 100 U0H
S8'-S 80M 88H
Sales in Philadelphia
Te. close. HUh. Low.
IS Alliance tnuri
SO Am Cn i
in .Am tins
20
. i!SV4
.122
loo Am Ice, .,., .,
lin J) a i e via., twi
i.i nriil J ( 3J
12 cum Iron ..... . If,,
Oil) Cambria fitecb. 7114
to (;ent I.eathrr... ..,, w"
2.V, lilec storage.... JJIJ4 i
3-B Kr1 L'V' '21"
r,2
122
2S't
lit
M
4.",
J.T.4
r.2i
201 Oen Aph pref.
jn inp i.op
.110 Inn rCo N Am,
.110 LnkS Sup Corp,
r) iniRll nav
W
n
.11 LehlKh .Valley., mi
S.i Irfli vai ir prrr w
loo N Y N H & 11.. i.,,
87.1 "I'enna It Tl.... .m
tn ll'cnna n II.... MH
107 la Pnlt Mf . . . . WilJ
US Pit la Co !IH
-21 rhila Kteo 2JH soi jjj;
Ota p n T tr etrn... mi i '
sn tuv Com J-iU 22J4 WH
70
Wi
211
l)!i
7rt
Wi
.iriif
07
r.7'4
r.74
m
424
8?
122.,
Sift
45
m
7n
3S
(17U
r.v,
r.7-ri
mi
42VI
:i
IIC-11IIIIU ..! ,
in Rn Parlfln 10ll4
It .VI Tonopah Pel ... 4Ji
S Tonopnh Jtln... I.IJ4
220 Union Trac 414
1 10 l II lm(i M'4
r.".7 If H Htei-I !;
10.1 W .1 ft seaehorc .11
BO Wriit'latiil Coal I17'4
SO York Itwy .... ".,
.1 do pfd nH4
o;i
12
S!IJ4
r.n5
.15
4134
W
SOli
r.o
n-'s
5
Close.
20
112
122
2S
.lit
a.-
in
o4
70
70J4
'no
42
271.4
IS
22T4
1 1
I'.l
4'..
no
(1714
3.1
Ualtlmoro & Ohio rif. . 7ftt5 77 77 77
Batopllas Mining 2!f 2!j 2H 2
Hcthlehem Steel 4S0 405 4fi.r 40S
Brooklyn Itap Tr 80H 8054 80,lf SOJj
Brown Shoe pf 05U 00 I'O 00
nutto & Superior 7554 78)5 755( 77)5
Ilutterlck Co 20J4 . 31 31 31
Cal Petroleum 28 .31 27)5 SOU
Cal Potrolcum pr 58'f 03 fi7J 02
Canadian Iclfle loojf 170U 107)5 100)4
Central Leather r,(
Chesapeako & Ohio... 01)4
Chile Copper 22!f
Chlno Copper ........ 52
Chlcaco at West 1214
Chicago at West pf. .. :il)4
vni .mii si ! o.i4
f2JJ
03!
23
nil
3 Hi
07
C2
0W
2215
fi2
12U
3H4
!)JU
5254
0314
22H
H2H
VIM
.'1I5S
00JJ
Initial Dividend on Kcnnccott Copper
Tho Kcnnccott Copper Company has declared an Initial quarterly dividend
of $1 a share, placing the stock on a $4 basis.
Extra Dividend of One Per Cent, on Studebaker
SOUTH BEND, Intl., Feb. 1. The directors of tho Studebaker Corporation
today declared n quarterly dividend of 1V4 per cent., and an extra dividend of
1 per cent, on the common stock, also tho regular quarterly dividend of 1
per cent, on the preferred stock. Tho dividends are payable March 1 to holders
of record February 19.
SHORT COVERING
STRENGTHENED CURB
Submarine Boat Leader of the
Rise Motor Shares Also
Buoyant
NEW YORK, Feb. 1. Tronounccd
strength and activity developed In the
market for outside securities today, es
pecially In tho Issues which were under
pressure yesterday. A short covering was
In a great part Instrumental for the up
ward movement, with a scant supply of
stock In a number of shares.
Submarine Boat wns one of the strong
est features nnd on rather heavy pur
chases moved up 3 points. Midvalo Steel
ut one time showed nn advance of Ki,
Tobacco Products moved up 1V4 and
DrlRRS-Seabury moved up about 3 points.
Tho motor shares wero decidedly
stronger. Chevrolet moved up about 4
points, Chandler over 2 points. Vhite Mo
tors was In Rood demand at an advance
of nearly a point. Aetna Explosives Is
hucs were stronger. Oil stocks wero
somewhat irregular on a smaller volume
of dealings; Cosden was nn exception on
good Inside purchases, advancing nearly
n point, to a now high Tccord.
Copper stocks were generally stronger,
Kennecott, after advancing ,i, reacted,
notwithstanding the announcement of tho
Initial dividend and the excellent report.
First National Copper moved up frac
tional. In bonds, trading was quiet, with
a slightly llrmer tendency.
The White Motor Company is nego
tiatlng with the French Government for
un order for 5C0O autotrucks, which, If
closed, will net tho company an amount
estimated approximately Jo.OOO.OOO. It was
stated today that tho company receives
In the neighborhood or J3000 apiece for
trucks of this type. Therefore, on the
basis of 5000 trucks an amount approxi
mating $15,000,000 will be involved. It Is
understood that the order" calls for com
pletion of deliveries In the early part of
1317.
INDUSTRIALS.
Hid,
, 2H
Am-nrltlsh Manufacturing
Am Marconi
Atlantic aulf 4 1VISS...,
ilo pref
AJax Rubber Inc w t
Canadian Car & Kdy
Uo pref
Chevrolet Motor Cur
Chandler Motors ?...
rnl.9ti Cann Kllzar
CurtlM Aeroplane 40
DrlKE-Seabury J-'?.
42
11.1
K2
12S
110
40
4H
27
M
IUI
da rata nhono
Ilaekell & Parker Car ....
Ilenden Manufacturing ....
Inter Mer Marine
do pref
lnt Nickel, new
Kcllv KorliiEfleld
Kathodion Bronzo pref '--'
Lee Tiro 4S
Manhattan Transit Ma
Maxim Munition 'H
Mldvale riteel '"
Otla Llevator t
l'eorleaa Motor .-'
l'oole Kng & Mach 115.
St Joseph Lead !?
S S Kreice w I 10
Standard Motom T
Submarine Ut v t c i-tfa 3IW;
Triangle Film v t otfi a
United Profit Sharing JN
U 8 Light & Heat 34
o pref 4
"White Motors w I 81 ,
World Film Hi
STANDARD OIL SUBSIDIARIES.
Int Petrol .1 .' 1SU
iiitnou on nn
Ohio Oil JS
S O of California 372
S O of New Jersey mt
S O of New York M'i
Prairie ripe , Bi
OTHER OIU STOCKS. .
Coaden Oil lJU
Chalmers Oil
Houston Oil 10
Mldwe.t Refining M
SaDulnrt On
M1NINC1 STOCKS IN NEW YORK.
Atlanta M
Cerrodep wj
iiutte u t i v i cu -
Aeked.
3S
li
SO
44
70
tT
130
noti
40'J
411
HO
IS
4fl
L11
17(1
Si)
5i''
70
49
8
!SH
'if
io'',
37
IUI
i!
3
44
Ml!
IT.
181
L'OO
37.1
Mr.
f07
Il.t.iu X- M V
First Natl Copper .
is
fll.alrl M.rv.i ....... 17
Hecla Mining JH
Howe Sound ,,..,.., H
Jim Butler OS
Jumbo Krtenilon ..,,,..,.., 1U
iiennecoit oijpwr ....... ,,.,.. .74
McKlnley-Darregh
Mine 01 America
Nlpleaing Mines Co .......
San Toy
Vt find Con
Wet Hnd Extension
BONDS.
D t Oil '.
Ilrle 4e , .
rle ! ,
Y Suto 4
St' Paul 4a ,
41
lg?i
Wi
RATES FOR MONEY
Call
New Yart MfQ
FhiiadiBnui
Boeton ,.j. 3..
Chicago ,.
adelpnl
84
3lil
CotiusvcUl papr, tbree la aU month.
lilphU. 3MV4 ft eest.
GOVERNMENT BONDS,
BUI. Allied.
U of W0 rItred
311 Oi INW KWIV
l'naiia 2a rae
Paiuina new it rtf
rlLHOEU WW
,Iffit?,t.?
1 l9if'
BvkSj '..'.'.'.'.'.'.'.my,
liuiaia sew csueoa ........... .tuite
I KM SffiwH;S;;'iK
New York Bond Sales
lllsh. Low. CI030.
$1000 Amor Agr ."s lo"4 in:
14'jwxio Anglo-l-r L ns..
--.HI AnglO-I'T Li S !P.T lll,
2IKKK) Amtr Hldo & L. 08....la3i lrafl
."00(1 Am Ico lis 77?f 77-)i
44000 Amer Smelt Sec 1I.1...U2
iunxj Atner Tel clt 4a iia
ttw.no Amer Tel cvt ie, nxiii
:i(KH) Amer Writ Pap'Sa 7014
MDO AtchlRon gen 4a or.
1000 Atchison adj Is .s7.11
-1KK1 Atchison cv 4s 1DG0. ..lm'
11000 Atchison 5s l(il4
.VH) Atch Trans S I, 4s... t'OU,
I'OOO Atlan Co Lino 1st 4s. Iil'i
aio-l Atlan Co Lino clt 4s.. .S7U
M0 Halt & Ohio .'Pis li'J'J
liOOO Halt A Ohio la 12O
3,0011 Halt & Ohio cv 4IGS.. IIS
locH) Halt & O Swn 3U.s.... .!'.
1(100 Ilcth Steel 1st ns lftlij
-'000 llrookn Itp Tr Sa Kvt'J
11)000 Chill Copper 7s VW'i
W Ches & Ohio cv 4i,s.. SSifi
10O0 Chcs & Ohio 4U,s;... HI
1(KM) Chl A Alton 3s r.7!i
1000 Chi & Alton Wis..:.. 44
400i Chl fit West 4s 7.1
.'I0IK Chl .li Nwn 3s I1)S7..11H
l.viooo chl H & Q joint 4s. . iisa;
soiio Chl 11 & Q gen 4a.... mil
2000 Chl It & Q ree 4s.... ttvl
woo chl Mil & St I dlv 4s III
10OO Chl Mil & St P cv 31. .HlX'i
noon ch Mil & st i cv 4i(.s.ioi.ii
KKio c Mil & St P gen IHs.wru
7iiO Cona Gas Co Us ll'L";
1000 Cumberland Tol fls...ino
7(iciO Del d Hud cv 3s f p. 10(1
L'000 Del & Hud 4Hb wm
.VX) Den & Hlo Or Is 77'A
170110 lien a. Hlo Gr rfd 3s 3714
1O0O letrolt Tunnel 4Us.. Ill
.-JXK) Detroit United 4!is.. 7ii
4(100 nu sccur Corp .- 70H
1000 Krle gen 4s 7(1
loocv Krle conv 4s Ser A.. 7H5
iieoo Krlc conv 4s Ser H. . 711',$
liooo icrie prior 4s so
2000 nrnnuy stn 0s in7'.i
.loon Ilud & Man In 3s.... 74
Sikni Hud & Man rfd 3s.. 73'f,
70OO III Steel deh 4'i,s... nan
.'."Oil Indiana Steel fi.i Ml-li
7000 Ins Copper cv (Is 177
ia.p inieru jici ',as.
i.i.
2000 intcrb R T rcf 3s iiiha
aniM Japanese new (1 S 4fy
112000 Inter Mer Mar ct 4Us.Kll
h.ki Japanese new u a -js 4
.inn iv u r-1 at .1 48 (.
tamo Kan City So 3s tail
Icioo Lacka Steel 3s 1030.. nil
:iono Llg a Jl T Ss 102
S00O Lorlllsrd 3s 101"i
KOTO Minn & St L 4s .'S
14(100 M K & T 1st 4s 7SU
1000 do 4VjS 4011
loan Mo Pacific Os limu,
BOOO N Y C & If 3UH R3'i
2IKHI do 4a Kl
7300 do 4(js 113
177KHI do Os llr.Vi
2000 N Y City 4Ua lniio. , .102
3IK10 do 4l',a 11100 1021;
3fl(l do 4i-is linn 107H
KKIO do 4l,a 10113 KI7'4
30INI N Y Gas II & P 4s. . . H.V4
20(10 do ,1s I(M14
121X1(1 jf y liny ref 4s 74
2IHMIO dondJBs...., 37'?
2.11KKI N Y Tel gen u,s Iidll
oils) Norf & eat 4s MU,
2::(M South Rwy gen 4s 721',
.'iiHIO do con 3s lia4
31100 Term Assn St I, ref 4s S7'J
000(1 Third Ave new 4s R2ti
WOO do udj Ss Kl
1100 Tol Peo & W 4n 3R'd
30HO Tokyo Cs SO
1000 IT S Realty 3s 72
iwm t: s Rubber (is torii:
30(10 V H Sleel Ss sf lfMU
lUXM) Union V;ic 1st 4s 118
iioijk do rfd 4s OIU
11X10 Va Rwy r.s lis.
Ki0 Wabanh 1st 3s IONS
3000 do 2d 3s 0014
Mnoo West Electric Cs 102V,
lOTXX) do cv 3s 131i
2IXXI Wcct Md 1st 4a 7H4
iki Wlecon Cent gen 4... S7
.vn Nor Pao prior 4s IKIH
2MM10 Nor Pac gen 3s, 07U
1000 I'enna gen ct 41.5s 102
K000 Reading gen 4s imj
IX.K) .St U tc M & 8 4s Mi'.
(KKV) st Louis Swn 1st 4a. 7fi&
0000 South Pac cv 4s rh
4S50O do cv ret f p 33....10U
3WX10 South Pac rfd 4s.,, OO'J
112
H2
KM!
70H
Ot'i
tol
iew
ii'jii
II75
02
102 1.
laivi
(10H
131
SS
n:i
:r,tt,
41
73
110
nsn;
n.'m
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m
iost;
101'i
iom:
122T5
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Willi
011
771,
37i
III
70
70
70
70l2
73
02V5
101
170
7.V1
piooj
7IIT.)
0:114
till
1112
lOH-i
.17TJ
7Ri;
40IJ
1"(1',
S3U
112-lJ
114
114!;,
102
1II2H
WiK,
W7V,
KM
nut
74U
371?
OOli
'HP"
J(-1
M
S2'i
Kl
3S'i
70
1031',
1(IT.
07T,
01
1IS
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llOVi
1025
130
71 V,
S7
03Ts
07
102
II.M4
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7SU
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103V
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1112'
113
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122TJ
100
loon
lojaj
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70
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0214
10171
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731,1
ll?J
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74
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104
no
102
101
37'i
7S11
4014
S3li
ret
MX.
it.-.?;
1112
10214
1117'm
107V,
N3V4
1(H4
$
no;
mii
72
10211
R7M,
Raw
M
3STi
SO
72
1P3U
ioit,j;
07
uti;
IIS
101
11; IV,
102U
1:111;
Chl Mil & St I' pf....lH2H 132J, i:UJ 131JJ
17W
O 0 C & St I, pf 74 72 72
Chl It I & Pac 10U 1715 10?fi
bluett rca & Co 72Ji 72 72 72
Cluctt Pea & Co pr...H0!f 112 llllf 1112
Col .Fuel & Iron .2H 4W,i 42j -I3.U
Col & Southern 27Jf 28 28 28
Commit T Itec Co lHJf 601, .18- '18
Continental Can y.V.i 77 70!f 77
Continental Can pf 1(15 100 100 100
Consolidated Gas 1H7 138 137 W 1375J
Corn Products Itcf, ... ai 225S 21H 2251
Corn Prod Itef pf OO' 07 00M 00" j
Crucible Steel 74 78 74 70'
Cruclblo Steel pf 1091$ 112 111 112
Cuban-Am Sugar 170 100 180 100
Cuban-Am Sugar pf... 100 105 10 Wf 103
Delaware & Hudson... IflOJf ICO 150 150
uei i.acg it west. .
Detroit United Hys
Distil Sec Corpn. . . ,
Domo Mines ,
Klcc Storaco Hat. . .
rfrle
Krlo 1st pf fiOU
Un Mln & Sm pf flijj
Oeneral Electric 100
General Motors pf ill
Coodtlch II F Co b7t
fioodrlch II F Co Pf..ll2!i 113
Clranby Consol oi.' 1)3
ureene-uananca
Gt Northern pf ,
Ot N'or cfs for oro pr
Gticcen Expln
Illinois Central
int Agricultural 20U 21 21 21
IntHarvN J 10011 1123J 110)$ llOJi
Int Con Cor v t 0 sh. 17!f 18 175. 175
int con corp pr 735S 7IJi
.223
. 70
. 43U
27f
COW
35)f
.'23
S0!
101$
as).
03
37? i
!23 223
78! i S0,'f
l.'IU 45)$
27f 28Ji
01 0.3
35)$ 37! i
51 53
52 52
170!f 100H 171)
112 111M 11U$
00!$ 08 li'JM
112 113
02 03
47 47)$ 47 47)$
1I0H 121H 1103$ 121'.$
42X 44)$ 43 44!f
-fi: '''Hi ''' '.
K).))f'l05U 105)
. --4
.105
S7
07'"
102
ll.-.li
Mllf
7SI-J
SO
Kxiti,
fXJ).
NEW YORK COFFEE MARKET
NEW YOIUC. Feb. I. The coffee mar
ket was easier at the start and prices
were 2 to 5 points lower under scattered
liquidation.
Today's
opening
February
March . .
April ....
May
June ....
July ....
August ..
September
October .
November
uecemoer
... T.3.1
.,."7.33
....7.43
'.'.'. t!o
. .. T.48
...7.B2
... 7.50
Illd. Sales. 3000 bags
7.0767.71
Yesterday's
close
fl.33ert.3S
IWOf.tUl
11.4280.4.1
K.I50.47
.4Rfi(I.SO
HS2SU.31
6!M6fl.lUI
11.niffn.rm
a.A7fill.(l!l
8.7180.73
FOREIGN EXCHANGE
NEW YORK. Feb. 1. Tho marker fnr
foreign exchange opened dull and a shadrr
easier. Demand sterling was at first
quoted 4.76 1-16. but after the Initial fig
ures, was offered at that rate and later
was quoted at 4.7D; sterling cables were
unchanged at 4.76V. the market, generally
speaking, was not appreciably altered,
except that relchamarka wero nominally
higher, at Tl 1-1 and 71H- Other quota
tions were: Franc cables, 5.78i; checks,
6.8SH; lire cables, 6.76; checks, 6.76; Swiss
cables, 5.17141 checks, 5.18; Stockholm,
27.50 and 27.53; Vienna, 12.18 and 12.53;
pesetas. 19 and 19.05; guilders, GK and
Hi; rubles, 39.65 and 39.75.
The feature of the. afternoon was
strength In lire, which rose about 3 points
to 6.63 for cables and 6.61 for checks,
from earlier quotations of 8.66 and 6.67.
Sterling and relchsmarks were a shade
easier, at 1.75 for demand, 4.76 11-16 for
cables; relchsmarks, 73 15-16 and 74; Vi
enna. 12.43.
In mid-afternoon, aside from an easier
turn ia franca to 5.8744 for cables and
5.8SH for checks, the market was ju
tliurulto chiefly by etorenie dullness,
tjuetfatjlsas for ajher classes of ?cbiyig
were not alUKed. from th earlier reports.
Int Paper Co 10 10)-$
Int Taper Co pf 44)$ 42)$
Insp Con Copper 43!f 44)$
Int Nickel v t cfs 203! i 200
Int M M cfs of dp. . . . 10) lSlf
Int M M pic or dp.. 78)$
Kan City Southern.... 255 i
Kan City Southern pf. 00.U
Lack Steel Co SlU
Lchleh Valley 75!$
Lorlllard p Co 1S5
Louis Nash 121
Manhat Shirt Co 00
Maxwell Motors G7)i
Max Motors 1st pf. ... S0)$
ilax .Motors 2d pf. . . . 40;
Mexican Petroleum. .
Minn St P & S S M
Minn & St Louis 5
Mo Kan & Tex CW
Mo Kan & Tex pf . . . . 14)$
Miami Copper 37)-$
Missouri Paclllc 5
Mo Pac tr cfs
Nat Biscuit Co....
Nat Cloak & Suit
20?
01
S4
70f
1S5
124
55
70)f
87
51
IJi
10)$
42)$
Viii
202
17
78)$
20
Gl
Sltf
70) i
1S5
124
55
07)f
S(iV$
50
4W
10)$
42)$
14)f
2055X
18)
SOJf
20f
01
811$
70Jf
185
124
55
C0)$
87
il
UriK lOG'f 1025$ 105Jf
120$ 121 jf 1205 121)$
5)$
14)$
30
.V.i
M
5)$
14H
35M
5
5)$
55 1
14)$
35K
5f
5
. 45$
.123 122)$ 122)$ 122)$
. 705X 70)$ 701$ 70!$
nat uioaK . buit pr. .111)$ 11:1 112)$ 113
Nat Enam & S Co. . . . 23 23)$ 221-$ 23)$
ai i.eau Ln (jljjj OS 07
Nat Lead Co pf Ill 114 114
Nat Rys Mex 1st pf. . 23M 23)$ 23)$
15M 15)$ 15
142 140)$ 143
00 GSU 00
101)$ 1055$ 101'i 105)$
20)i-f034 20U 20.
115)-!
855$
Nov Con Copper. .
N Y Air Drako
N YN II ill
N Y C & II U
N Y O & West
Not'olk & Western 115 117
Norf & West pf SOI 85' $
073$
114
23$
15)3
145)$
075$
117
855$
North American 09!f 70 00 00
Northern Pacific 112)4 113'f 112!$ 113)f
unt (silver -Min. ....... 7i k$ 7)f
Paclllc Tel & Tel 385 a 30 38
Pcnn Railroad 57)$ 507$ 505$
Peoples Gas Chl 100H 107!f 1051$ I07)i
j'hiiaiieipnia uo -u 43 42! 43
PltU Coal Co N J. . . . BOU 32 30)$
Pitts Coal Co N J pf . 10-13f 100 105
Pitts C O & St L pf . . 00 00 00
Pressed Steel Car fit 50 54
Pullman Co 101 105H 1&5
Quicksilver 5$ 5H 55 j
quicksilver pi 7J$
Ry Steel Sp Co 38f
Ry Steel Sp Co pf . . . . 00
Hay Con Copper 23)f
Heading 753f
Republic Iron & S.... 40)f
Republic Iron &8 pf. .108
Rock Island H
Rock Island pr 5$
St I-nuls &SV 3J$
Seaboard Air Line 10)$
Seaboard Air Line pf. . 37)$
JtW Sears Roebuck & Co.
Sloss-Shcf S&. I..
Southern Paclllc.
Southern Ity
Southern Ry pf. ..
Studebaker Co. .
178
55)f
08)$
20)$
59
144
8
3S5$
100
24
77!$
51
108
5$
5$
4
17)f
38
180
505$
09!f
20!i
50
75$
38)$
100
oolf
70)1 J775$
50K 50)$
8
30
507$
32
100
00
55
105
5)$
7J$
38'A
100
231$
108
H
H
1
lo)$
375f
180
50
085$
20U
58)f
140)$ 143!f 145
113 112 113
55)$ 53Jf 55)f
108
$
5$
,A
17
38
180
505$
09$
205$
ffll
Studebaker Co pf ill
Tenn Copper 531$
Texas Co 102)$ ID!) 103)f 1011)$
Texas Paclllc 75$ 85$ 7)f 8
Third Avenue 00)$ 003$ 60)$ 00)$
Tobacco Products pf. .101 100)$ 100)$ 100)$
Union Rae & Paper... Of 7)$ 7 7)$
United Cigar Stores... 0)$ 0)1 9)$. D)f
United Cigar Mfrs 02 62 02 02
Union Pacific 1313f 1335$ 131JJ 133$
Union Pacific pf 83 S3!f 83 83
U S Ind Alcohol 144 100)$ 145f 158)$
United Fruit Co 1365$ 1375$ 1305$ 1371$
USOII'&K 15J$ I7)f 1GH X7H
V B a I P & F pf . . . . 40 40 40 40
United Rys Inv Co.... 17 10!f I65f 10f
United Rys Inv pf. ... 32 31 32M 321$
U S Rubber 40 51 40 51
U S Rubber 1st pf-. . .1071$ 107 107 107
U H steel corpn SO 82)$
U S Steel Corpn pf,..H5)$ 110
Utah Copper 77)$ 7Sf
Utah Securities 19 191$
Ya-Caro Chem 45H 47.'$
Ya-Caro Chem pf . . . , , 109 1 10
Wabash...,,-., 14V$ 15
Wabash pf A -iiil 45)$
Wabash pf B 285$ 20
Western Union Tel.,., 87H 885j
West J2"& M ftl 66
West E&M lit pf... 70 70)$
Western Maryland... 25)$ 27
Willys Overland 201)$ 05
Wool orth F W 1 10)f 120
Quoted ex dividend.
805$ 82)$
115)$ 11G
771$ 775
19 1D)$
45!f 47)$
110 HO
14)$ 15
44 45
'285$ 29
88 SS)$
645$ 05M
76 ' 761$
25)$ 265$
200)f 205
120 120
BANK CLEARINGS
Bank clearings today compared with cor
responding tlay last two years;
1015. 10H. 1913.
PhlladelDhla.t1S.381.21S W.lS9.7i;i X3T.lt4.SM
HmUHI . .... S1.713,Mq 34.5B0.M.J 48,M3.0
it tqrin..vif.Kii.f.i ;i;"' ".1(IV.40
liHIIl. . . t;.,lMr.V-a il,IU4,Vll iO,0W,B.O
icsio ... 82.738.643 J53.fefe.3(9 59.240;8ij
Iron Works Resumes
KANBS. Pa.. Feb. J.-After an Julenes
qf IS .months, opentlotui were resumed at
the Emporium Iron Works today.
pioyment was givyj iq aw men.
Em.
High. Low.
Tolnl (.nice, 10, 077 .linres. cnmpreil llll
21.1131 (diiirri. yrMertlnyi tlnw Jnr IMN weeK.
43,098 Klinre'l nunc period Inst week, j.i,ii
nlinrrK.
v BOND3.
Lust prcv,
Biile.
J3000 Am One & E 39.0211
7000 Hald Ixic let Ba.100
2000 llcth ateel (Is ..120
noon lnt Nnv t c fm. lJ)4
2(100 Key Tel 1st Oa. 111.,
IIKhi l.k Sup Inc. 4s. SOU
IKXIO l.ch N ions 4Us.UKJa
imuo 1-eh Vnl (ten 4s. 112)4
1UWI do Ren 414s 102(4
1000 I.h U Tr ret 3s l5
'.'OOO I'enna gen 4i,4s.lnlt
1000 do cons 4Hs. ..100
1000 p w & t e 4s no
I00O I'hlln. Co 1st Bs.lOHi
4!0O I'hlla Kleo 4s... .si
uooo do 3s 103
WOO Ilcudlnir Ren 4a. IWi
I (.00 sintul Uns Os... IW)
1000 WelslMdi Co Bs. 0(1)4
L'OIIO WNV&I' Ron 4s M
3000 York Ilwy lat 3s 1I3U
,n24
120
noti
lis
l!li'!i
HI
HH
112
11)2
10311
no
10114
si
103
3Ji
0!Ui
117
Sli
n9i
lOBli
120.
1111)4
lis
S7
P ,
02JJ
112
linti
110
103
117
03i
Close.
I12i
I11.TI4
120
lis
27
'ti3
102
112
tio.
lol'.i
HI
103
I'.-.H
IT
MH
U3ti
Totnl snles. ?30,200, rnmpnreilwllli.S19.200
jeKterilnyi tliui fnr tliln eel(, $108,100;
snme period lust tcek, $123,070.
Local Bid and Asked
Today Yesterday
DM. Asked. Did. Asked.
Buff & BUS t C 42 4214 42 421.4
do prer aiW 0115 ?;)6 01
.1 a Ilrlll 33 3S 34.. .33
Baldwin Hull HUi 1"s loo
do nref .... HW 100,
Cnmlirla Steel 72i 72Ji 7Hi '"Hi
lClcctrle StoniRo i)4 3H '") ".
tlencral Asphalt 3.1 31 33 34
do pref (fir, 70j4 Til 70 Jl
Kevstnno Telephone .. l.Tjl 144 lflji 14(4
do t c 13'i 14(4 13?i 14W
do pref lis 70 (IS 70.,
Iike Superior Corp... 11 OJi , 11, .JUS
I.ehlKli .VnvlKrttlon.... 731, 7il(i 73(4 7(1
I.ehlsh Vnlley 70 JO'S J3 J3W
IhlRh Valley Tr Ill H .1" 1 lit
do pref :m siili 30., 30 J.
Penns.vlvnnl.1 3li'!i 'ZiH 37i r.Ttj,
I'hlla Klectrlc 2714 27i 27 2,i
rill la Co 42J 4.H.4 41 42
do 3 per cent. pref... 30 3S 311 3S
do 11 per cent. pref. . . 13(4 41 43J4 44
rhlla It T ! 1RV lSJi 17 17X,
dote 1SW, 1s(i 17'n, 17,
Beadlnir 7711 7(4 1." (
Tonopah Hclmont 44 4, 4(i 45$
Tonopah Mining li), il'. 0'
Union Traction 42(4 43 41?i 42
IT (1 I SO R0)i SO NI14
U R Steel S2 h2i,t MJi soli
York Itwy R',i si 84 W
do pfd 31 to 31 33
Win Cramp t c ,3 SO 73 SO
lie dividend,
Financial Briefs
Tho 16th annual statement of the Com
mercial Trust Company shows deposits of
$22,8li9,r7R, which Is nn Increase of nbout
$11,000,000, or 10O per cent, ns compared
with a year ago. Corporato trusts wero
$243,062,000; personal trusts, 511,5)9,053.
The American Can Company's annual
report showed a surplus equal to 7 per
cent, on tho preferred and 6.20 per cent,
on the common stock, compared with only
2.40 p"or cent, a year ago. There Is still
8?i per cent, back dividends duo on the
preferred.
The nnnual report of the Continental
Can Company showed a surplus nfter
dividends of (761,114, a decrease of $00,960
from 1911.
The Cumberland Pipe Line reports a
deficit after dividends for tho year ended
December 31 of S17.999. In 1914 the deficit
was 13.313.
A Chicago Bonrfl"of Trade membership
sold for JUOO, nn advance of $100.
John Henry Hammond has been admit
ted to the firm of Brown Brothers & Co.
The Southwest Penn ripe Lines report
for tho year ended December 31 shows
net profits equal to 9.89 per cent, on the
stock, against 11.60 per cent, tho prev
vlous year.
Tho Eureka ripe Line report for the
year ended December 31 shows net profits
equal to 19.81 por cent, on tho stock, com
pared with 28.32 per cent, ln 1914.
Because of lack ot patronage, tho pas
senger and freight steamboat line between
Philadelphia and Odessa, Del., has been
discontinued, and the boat, the Clio, has
been sold to tho Bush Line, of Wilming
ton, for service between Wilmington and
Philadelphia. The lino has been In opera
tion for 30 years.
The Gulf States Steel Company an
nounced that a contract had been let In
Pittsburgh for construction of a by-product-coke
plant ln addition to Its wire and
nails mill at Gadsden, Ala. The plant will
cost $900,000. Construction will start Im
mediately. At a meeting of the board of directors
of the Lehigh and New England Railroad
Company, held this "date, H. F. Baker,
vice president and secretary, tendered his
resignation, which was accepted. Henry
II. Pease, now treasurer,.was elected sec
retary also, vice Mr. Baker.
Clarence H. Blood, traffic assistant .of
the Lehigh Valley Railroad Company, has
resigned. He was with the company 38
years, v
The Tonopah Extension Mining Com
pany reports for December receipts from
mine and mill operations of $128,664, cur
rent expenses $74,186 and operating
profits $54,478.
MINING STOCK QUOTATIONS
Jim Butler
llac.Namara
Midway
Mlzpali Extension
Montana
North Star
Tonopah Belmont . .
Tonopah Kxtenslon
Tonopah Mining ,,.
Rescue Eulalle ....
West End 1
Bid.
.. .01
... .02
.. .14
.. .20
.28
.... .14
" tt
w
,08
.73
QOLDFIEI.D 8TOCK3
20
., .03,
T.l.
Atlanta ,,, ,,.,
Blue Bull
Booth : .in
nuiidoK :.:..:.:::::::::::::::: 02
tc. o. p. ot
comb Krac I,,,,,...,,,,.,,,,,,, ,07
nianif B B ..,,...,,,,,,,,..,,,. ,01
g?'y ol
Florence ,,,,.,,.,.,. ,48
:olineM.Coniolldated ,,., 01
OoldBeld Merser , ......... .17
Jumbo Extension ,.,...,.,... ,. 1,2.1
Kewanm , ,,.,,, 20
Oro , 01
Sand Ken ,..,,............,., .OS
..Silver Pick ...l.Oi
MISCBLLASfEQUS
Fairy Aitec 01
Klmberly 02
Nevada II 111 17
ArUerwt Vn , 30
Nevada Wonder l.M
Asked.
.03
.01
.10
.21
,30
v
.21
Ot
.42
,03
.01
OS
.03
.05
SO
.07
,18
1,27
21
,08
Oil
03
1.70
Texas Co. to Build Own Ships
NEW YORK, Feb, L-The Tex;s Com
pany has started an Innovation among;
oil companies by leasing a shipyard for
the purpose of constructing' its own ships.''
It has taken over the Eewcll Shipyard
at Bath, Me,, for a period ot yearn and
will promptly put the yard In 'operation
for the construction of four $000-ton
steamers about 400 feet long. Contracts
have been placed for the steel to be used
In the construction! oj the steamers and
deliveries of stjl Wly beela within four
months.
BOND MARKET STEADILY IMPROVES
PHILADELPHIA CITY ISSUES RlSi
Strength of Cambria Steel Lent Color to Reports m
Deal Is On Pennsylvania Record Earn- it
ings Did Not Affect Stock
As an Indication of how the general bond
market la chjoyliifir prosperity, tho rulillo
Service Corporation ot New Jersey $7.600,.
000 three-year 5 per cent, notes, which
wero offered lo banks and trust companies
nt f)9Vfi. wero bo much oversubscribed that
it was decided to postpone tho Isstio until
March and nil brokers bids wero re
jected. Tho successful sale of New York
State 4 per rent, bonds nlso acted ns a
stimulus on tho municipal list. It Is In
tcrcstliiK to nolo tho gradual enhancement
of the value of Philadelphia city bonds.
In Oclober, 1013, they were Kelllnp; on n
1.03 basis. In June, 1D14. they Hold ftt
3.01; In November, 1316. at 3.90. nnd now
they are down to a 3.85 baBls. Incident
nlly, they arc In a better position at pres
ent tlmn New York city la, which are soil
ing on a 1.03 basis. Tho Htrcngth of tho
bond market Is all tho moro notowortliy 111
face of tho heavy foreign liquidation.
Strength of Cambria Steel today lent
color to the reports that although tho
Reploglo options on 60,000 shares at 80
hnd been allowed to cxplro the proposed
merger with tho Youngstown and Lacka
wanna companies wns still on hut that
tho Lackawanna shareholders would re-cclve-$90
Instead of $80 ns had been first
proposed. 'but that Cambria and Youngs
town would remain at $S0 and $300, re
spectively. It Is said tho deal will be
put through by February IB. It Is
understood thnt 13. T. Stotcsbtiry nnd
J. L. Itcplogle are In a position to deliver
a clear majority of Cambria stock, in
cluding that held by V. II. Donncr, Inci
dentally B. V. Babcock, of Pittsburgh,
STEEL MERGER TO BE
REALITY BY FEB. 15
E. V. Babcock Announces Date
When Proposed Deal Will
Go Through
Tho proposed now steel merger, em
bracing tho Cambria Steel Company, tho
Lackawanna Steel Company nnd the
Youngstown Sheet nnd Tubo Company,
will become a reality by February 15 If
tho present plans of the men In back of
tho project do not go awry.
E. V. Babcock, of Pittsburgh, one of
tho prime movers in the project, who was
In tho city today, gave this ns tho date
when tho deal would go through, Mr.
Uabcock was on his way to Florida for
a brief vacntion.
As was stated In the Evening Ledger
last night, tho name of tho now company
will bo tho International Steel Company.
The capitalization will bo $200,000,000. Tho
par value of tho stock. It Is understood,
will be $30.
It was pointed out today that Cambria
will not bo at the head of tho comprmy,
ns' has been reported from tlmo to time,
but that It will simply bo nn amalgama
tion of the three companies.
Dispatches received In this city from
Youngstown today were to the effect thnt
within n few days definite plans will bo
submitted to the stockholders of the three
companies concerned nnd they will lo
asked for new options, to expire on Febru
ary IB, replacing tho options on large
blocks of Htock which were permitted to
cxplro yesterday. The understanding Is
that tho plans to be submitted with a
request for new options has already been
submitted to and approved by a consid
erable number of tho larger stockholders
In tho Lackawanna and Cambria companies.
DIVIDENDS DECLARED
Southern Pipe Line Company, repular Quar
terly $U. payable March 1 to stock ot record
February is. .
Deere & Co.. regular quarterly 19. per cent,
on preferred, payable March 1 to stockholders
of record February 1.1.
American Cotton Oil Company, reuular quar
terly l'Per cent, 'on common, payable March 1
to stock, of record February 16.
Kennecott Copper, quarterly $t, paynulo
March fll to stock of record March 10.
American Radiator Company, regular quar
terly 19 per cent, on preferred, payable Feb
ruary 15 to stock of record February 7. Also
renular quarterly 4 per cent, on common, pay
able March 31 to stock of record March '.'.
who, It is thouglit,xwlll head the newJ
iniiiy, tnw in ujwii tonay jp
Tho ttpnornl irmi. nr' ll.A .-..,15
was fairly firm, with some .wl?;?
the l nnthrnclto group. ElectrlrTi
jj.hi-.-i., Mnur n wean start,
luuiiii oiiuiiH, nuvnncing ncafli
lioims. i I'cnnsyirnnia only tnisS
llnrJln.T ll.n ,-..,l.1 1.. "II!B
.nrtI.J fA.. It... ........ . . v?n
31. TlllD vna tln,,I.TIAMM .....
l....,. !,.,. ,.... .l.f" V1 .' "U
ii. i ...,n ..vv.i i'iuh; illUIUIIgmy Q
cd, dross returns wern tin. i..JS
reported, being SUM, 628,170, an Inerfcra
$9,3ib,;ii over ion, Tho net IncomSil
pllcnblo to sinking fund rcqulrenieri Ka
divKieniis wns jw.iiS.asi, nn IncreJial
T,.., .--, i.iiui;iii io fnOfftTtl
S.l per cent, on thu stock or thtTM
sylvnnla Riillrood. In 1514. the.'&JI
como Was equivalent to G.S3 per ceiitjS
system for 1915 showed a returnTfia
per cent, on Its property Investments!
nrtlTil Willi i.2t tint' until r in,. t5fr.!
tlnfnnflnljlrt nn..l.r ...I.... i .I'M
--- .......v- vu,ii,iHn luuiurea thavv
quarter of 1015. In December thtflk
east and west reported gross of $to!iu
or about SO per cent. Not of $T,9ininii
nn exnnnslon of .",.U2.1S7 n ....-'..
cent. Of tho yoar'o net Increase mi
wholo system tho llnc3 cast suppMh
750,000 and tho linos west $9,500,000 m
Tho annual report of tho HuiilO
and Broad Top Mountain and Coal.S
pany showed groiss onrnlngs of $i9tr
against $B5.S37 In 1011. OneraH.S?
fintl.1,.11 jnrn -nrlltnn,l nL.. 4A a . iV .-
lug not earnings of J.202 osa .i
$111,018 ln !Df4J Heni-v M w,."5?l
V. M. Canby wero elected dlrectorft.l
r-0n.1lt.t- UnitlltAl ttnHH..r. ... . . ."-t1
w...u uiiiu., uanwuii, ,11-,, anu wjti
Shrjlleross, nt tho nnrtunl mcetlngjjjl
COTTON PRICES ADVANCED"!!
WALL ST. SHORTS COVERE
T.tt?mn-nrl PliMnlinnn.1 Tut.. A1?!!
u.twJIUU. iuiwuwu ijuiiy ujUfg
icmporatures Lower -m
svwr -mm tli. . r...... . JV
....,. w.u, j-.-.,. 1. uulllSltftQJ
mont ngaln prevailed at the openliy,
tho Cotton Exch.ingo this mornlnSf'tS
cnriy tone being firm, with prices TJi
points niguor. '
Liverpool purchnscd tho early opffil
and there was Homo covering of shofLTj
Wnll street Interests. ' Heavy buylnfj
some trrtdors led to tho belief that-e
tors who had been consistently be;
lor a long timo, were taking profltilljl
soiling wns quite general. A featurei.
tho early trading was. tho Initial tr5
tlon ln January. 1917, at 12.31. theffi:
prlco as that prevailing for DecenStt.
After tho call tho market becama'm
settled and at tho end of tho fi-V'
minutes prices wero about at The opfit
levels. -3B
1110 market nccamo less active aiTt
day advanced, but the tone was stex
on further covering and a moderatrt
maud from trado sources. May contrtt
sold -up to 12.0.1 after mladay, or about
points riot higher. There appeared.tol
very llttlo news reaching tho tradMreL
tho South, nnd nothing definite ln thej.
ot spot advices. 'm
' Temperatures wero lower In the se
west, uui jnuucraiQ eise-.vncie. Jtamc
was shown on tho map ln nil section?;
the cotton belt with tho exception oft
Atlantic coast.
Arrivals of cotton at Now Yorkto4
totaled 10,229 bales, Including 36M,b
Milters'. The exports of cotton forll!
day were 9574 bales, compared wlth'HT.
Dales last year. Total exports iorll
season to date 2,838,358 bales, compan:
with 3,935,355 bales for
last season.
Yes. close. Open. High.
March 11.7'J 11. .IS li.Rsi
May 11..H 12.10 1 IMS
July 12.00 tl17 12.2.1
October ls.im -12.20 1--.2S
December ... 12.23 12.31 12..TT
January 12.31 12.37
Spot 11.80 .... ....
the same perm
I-ow.'O
ll.TJillN
11.08 TUX.KI
12.1JIIUI!
i2.lna
12.511 U!
Liverpool Cotton
LIVEUPOOL, Feb. l.-Spot -cottogp
dull today at a decline of 8 points onM1
basis-ot 7.71d. for m.d-upland. Tb'tjTiIiJ1
aggrogntcdlOOO bales, lncludlng 4W0.MW
Amcricaq. Tho Imports were WjOOOJafej1
including uuu ihiics Arucricun. j-uoim
ket for futures closed steady atwuq
advanco ot 4'Bfl points.
ii
i
"Where did you puis
chase this car?"
ttnnHROUGH the Public Ledeer.
J- placed an advertisement in its columns!
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I selected this one, and it is the best invest
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"The Ledger, I understand, is the most:
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Using your automobile wants?
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' Ul U.UKJUIUU.UCCU
Have you a car for sale or exchange?!
Do you want to buy a used car? The Ledger
can serve you well and guickly. Insert
Ledger Want ad foday.
PUBLIC
LEDGE!
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