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?&e&pmmfct& i
n
EVENING LEDttEH- PHILADELPHIA, TIU'KHDAY.
JANrARY 11,
mi
Investment
Counsel
is gladly given to those who
care loi consult us. There
nre any, number of strong
Government, Municipal, ,.
Railroad and Public Util
ity Bonds whose attractive
qualities are not familiar to
many investors. Wc are
ready to offer suggestions
and provide information.
.W.glarR$go.
nANKKita
15atttlahed 183T)
321 Chestnut St., Philadelphia
Plttabursh
Uoalon
Chicago
Wlllim. Hurra
iltaUInt
u-
A SOUND
INVESTMENT
DUDUQUE ELECTRIC COMPANY 0
1ST MORTGAGE GOLD DONDS.
THESE DONDS ARE AN ADSOLUTE
1ST MTGE. ON THE ENTIRE ELECTRIC
LIGHTING, POWER AND STREET RAIL.
WAY SYSTEM OF DUDUQUE, IA., AND
VICINITY.
NET EARNINGS FOR PAST YEAR
OVER TWICE THE DOND INTEREST.
THE COMPANY AGREES TO PAY THE
NORMAL FEDERAL INCOME TAX.
LEGAL INVESTMENT FOR MAINE
SAVINGS DANKS.
THE REPLACEMENT VALUE OF THE
PROPERTIES IS ESTIMATED OVER
W.OOO.COO,
Prlco 07 & Int.
Ylotd 5.51
BAKER, AYLING & YOUNG
LAND TITLE BLDC.
PHILADELPHIA
DOSTON
CHICAGO
grice Ranges of
JewYork Curb Stocks
ItlRh nod low prlco ranges of
the nctlvo Mining, Oil. nntl In
dustrial storks traded In dur
ing 1'JIB on the New Yurk
Curb aro Riven In our .Innti
nry, 1917, Quotation llooklvt.
Investors Interested In nuirket
movements will (Ind this book
let lndlspen.ablo for ready
reference. Send for It.
Axle lor 80:i-T. V.
Trt aMUrr- rrttlnic rlalit bivi1il-t. trail
thla ailrertUrmcnt Willi your Inqulrj.
JONES & BAE1EK
STOCK llltOKKUS
Widencr Bldp., PniladclpYu
1 IUII. Walnut 1800-1.
Krjsttme. Unco V20U.
Nrrr York lliiatnn
Clilciiuo I'lttaliitrah
Mrtrt Print t Wlrn
TAX FREE IN PENNSYLVANIA
We own ana otter
Lehigh Valley Coal
1st S. F. 5s
Due January 1, 1933
W can supply either recUtereU or
coupon bunds.
A. B. Leach & Co.
115 South Fourth Street
Hell rhone Lombard 23J
New Tork Chicago Buffalo
llaltlniora
Boston
I.ondun, Kne.
The 13-Hour Bank
1429 Chestnut St.
A bank of safety
and progress; not
too bip; to i;ivo in
dividual attention to
its patrons' needs,
provide every facility for cfllcient
service. Open 0 A. M. to 10 P. M.
Capital and surplus, $tiU0,000.00.
EPUBLIQ
TRUST
OMPWF
k RAILROAD BONDS
Maiur well arrurfil 4 Railroad lloml,
Hre now i-rlllnc ut u foniilrrublv tlla.
count and jlrlil rr uttructlte rut
to tba Invrator.
V hate prepurrd a circular deacrlb.
Ins: a number of lliraa bonds which wo
ball be pleuaeil tu end ou requeat.
MELLOR & PETRY
llemberi N. V. A rolls. Slock Kirbancea
35(5 CIllIMKitClAI. TKUhT IIUH.DIMI
HI'KriAI. MHVTINRH
-jsaGENKIIAL OFl'ICK OF TUB I'KNN
S3a mutual lifb inhukance to,
' fiUNN MUTUAL HlllLDiNQ.
Hlilh and Walnul t.
PHILADELPHIA.
At the. etated martin of the Hoard of Trus
tee of the fenn Mutual fJfe Insurance Com
pany, held on the lOtn Instant, in following
were unanimously re-elected; ,.
QKORGK K. JOIINHON. President.
LINCOUtf K. I'ASSMOItte Vice President.
WILLIAM M. Kltaax.l?V. Second Vlco Frwl-
JOIIN'W. HAMER. Tblrd Vice President and
Manager Ijad Department.
JOHN HUMPHKEYsT Secretary and Treasurer.
J. BURNETT OlBU. Actuary. , ,
- aw.a th fntlnwlnif were .eeannolntad.
IENIIY C. LIPPINCOTT. Manaiser of Acenelee.
.. .... rLa,h Dulma.
SYDNEY A. SMITH Assistant Secretary.
PAUL AI.BXANDBH. Assistant Treasurer.
O150BOB R. wriiTKT Aseletant Aetwtry.
ni IVEI1 Vv FBRRIN'. AsslsUot Actuary.
CHAKI.JSB r.
HBNKY H.
C'HAKLKB
TIK
IIA
I1AD1HW. ComnlruUer.
ViAKryr. Auditor
:a mjLRKIIAI.L Jr.. Kealstrar.
FHBDEnlC If OABHIOl'BB. Mathemallclan.
ISuiS iV. STBBBLB. Aastateat to the Presl-
HAfmY TOUr.JUV, M D . M.dlcal Wrector.
JAUjMt tiV 1V.M"M1, ev -
FINANCIAL NEWS
STOCKS RECOVER IN WALL STREET
AFTER DECLINES ON BEAR RAIDS
Disquieting Rumors Dominate Early Trading Hurried
Buying in Afternoon Allusions to Net Earn
ings Used to Depress Rails
High Points in Today's Financial tXcws
iS'focA'fl turned alrong in Wall Sired after bcinr under pressure, Russian
Si per ecnt bonds dropped on New York Curb, Wheat turned sii'oti after
rt had sturl. llusineis small in cotton. Hank of England's reserve increased
in. week; Dank of Germany aaincd nold. Philadelphia Rapid Transit trust
certificates reached another hiih mark since 100H an dividend ilk. Price
of bar silver lower, .Gold to the amount of $2.',,.',0t),00t) arrived in New York
from Canada.
NBW YOUK, .trtti, II.
The Mock market, uftcr bolriB forced down by bcrtr rnliln nml liquidation
In the first hnlf ot Iho day, later developed pronounced strength nml In tlio Into
trading nearly nil tho Important Issues ranged materially above yesterday's final
prices.
Trndlntr -was dominated In the forenoon by nil hinds of disquieting rumors
which weru In circulation from the opening until noon mid In that period nevero
losacs were ttuslalned In ninny Issues. Shortly nftcr midday, however, tho extract
from tho nddrcss of Lloyd Oeorso before tho Hrltlsll Parliament wero published
nml caused nn abrupt change both In market movements and speculative uuiitl
meut.
Thoro was hurried buylnjt of stocks by tboso who had based their operations
on po.ico talk, t'nlted States Slcul rommim, which Is tho key to the general
speculative situation, after falling IO'J'4 advanced tuoi-o than S points and was
followed on both tho early recession and tho afternoon advance by nearly every
thing on tho list.
Tlieio wero many wlilo movements In specialties. General Motors dttippcd BV4
points to 101. from which It roso to lOSli, and the Marlnu Issues, which wcto tho
wrakest features cMerday, after declines in tho first hnlf of thu day also developed
Btrenuth mill made stihstnntlul fains.
CURB MARKET SHOWS HEAVY TONE
DURING GREATER PART OF THE DAY
I'or
XI3H' YOltlC. .Inn. II.
a good part of tho day tlio Curb inarkot showed a heavy tone, with
violent breaks In somo Issuos. Most Importunco was attached to the mnntior In
which Russian HViu yielded under unall Kelllns. 'I'lioso bonds, which closed yes
terday nt 0114, opened nt U0, and under sales of $70,000 dioppetl to Sfl, with n rally,
to above 89.
Chevrolet Motors was Inlluonced by tlio break In (iancriil Motors on tho
Stock Kxchnnso and foil from 110 to 100, following Gonernl Motors on tho later
upturn and making a brisk rally of morn than 8 points.
Oulsldo of these issues prlco movements wero generally narrow, with mod
erate declines in tho forenoon, followed by tulvnnces lit Iho last halt of tho day.
The oil (docks wero generally lower In tho early trading, with Cta.igu Hominy
selling down to & and Oklahoma In 12.
Sinclair yielded from fili to C0',S and Itoyal Uuteh sold down to GR'j. Sequoyah
till and Helloing Company's earnings are estimated to have increased inoro than
","i per cent within tho last six weeks as a result of the ndvanco In mldcoii
tlnent crude to $1.70 a barrel. Jt t oxpected Hint the pi pit lino now being laid
will connect tho company's gas wella, which has a dally capacity of nearly
CD, 000. 000 cubic feot. and this will mean still largur oarnlugH.
Mining stocks sagged off, with Magma selling at -Iti to -hi; United Vordo
dropping from ?,SH to .'1714 and (Vrro do I'anro yielding to 37. Itoclc Island hew
common stock sold at 39 to 38; Iho "A" preferred sold ot SSV4 and S3 and thu
"I!" preferred at 71. Lima Locomotive advanced from f,7 to f,9, making a new hleh
record. Submarino ranged frotu'Su to 21 !i. Mldvalo Steel declined front fit to CO,
followed by a vigorous advance hi the last halt ot tho day.
l.VnU.STKIAl.S
ntd.
Aetna Kxploslvra
American Ill-It .Mfg
American Marconi
American Writ I'ap . . . .
I'.uiailian Car 'n
'.m Car & I-'dy pref
Cliarcual Iron
Cliuwolet Jloltirs
Cranqi Slilplmilillrig
Curtlss Aeroplane
Kmerson Phonograph
I'Ydf nil Hyt'Stuff
I Inskell & UarKer Car . .
Ilcmleo Jlfg
Katliodion ttronzo pref .
I.aure-I oil & Oas
Maim Jlimitloiis
Mldvalo titeel
New York Shipbuilding..
North Am Vaper
litis i;ieaIoi-
Peerless Motors
l'uule Kngino
S S Kresge w 1 .......
Stand Motors
.st .loseph Lead
Stuel Alloys
Siihniaiine
Transitu Williams
Trlanglo I-'ilm
Todd Shlpyatds
rnltetl Alloy Steel
II S Steamsihrp
I'nlted Motors
i; S L It com
do pref
World Mini
fl
IV.
I
II)
HI
100
XI)
IS
Hi
.in
r.iMi
s:i
a
in
UK
I'll
f.s
in
!
It
n
17
ill
2!i
411
3 Si
Kll
45
aw
U'li
1
:i
V.
Asku,l, IshIu)
3 3!'
WrlBht-Maitln Aircraft. IS
ItAIl.ltOAII.S
Itock Island com 39
do A pref R7 14
do 11 prof 7S'i
Western Pacific w I . . . . So
do pref 1"
Wabash-I'lttsuurBh .... lUSvii
do pref no
1 Si I U
IS
H'J
B
110 till
111!
"art iyt
to
III
in
39't -
r
a
lilVi till -.h
UVi "llVi
',i s
113
SO
X3
r.'
7 II
nil ..
7 H
SH4 SIV4
It ViVt
ill S1h
X7 XI
IK IH
It II
4, "!,, 4'J
1 I
i:t ix
40
Kll
71
40
i
SI
hTANIIAHll Olli hTOOlS.S
Illinois
Ohio
Prairie l'lpu
S o of Cal .
S O of N J .
SO of N Y .
.S43
.xx
.3i7.
.:wi
.7115
.i-,o
r,n
3U4
111
S74
307
SJ-J
akrttt. tnnll
3U S
l,-.",a is?;
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1 1 Si . .
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xx
xii a
ill UMi,
1 Si 5 U
tun in
n i n i ,
13 ISJi
2(1
II
Vh
III
I.Mint'UNKK.NT OIL STOCKS
Vfi.. rlnlit'
fllil.
Harnett Oil & C.as 8TU
I'osden o & n is li
i.'oxden ft Co Itef , 17
t-Vdcral OM nv;
Inter I'etrol lni
Houston OH SI
Merrltt Oil IS'fi
.Midwest Itef '. XS
usago Hominy x-
Itoyal Dutch ns
.Sequoyah s l-li:
Sapulpa I'etlillng 1
Sinclair lai
Oklahoma 1 & It r.!'i
.MINIM! M'OIIKS
Alaska Standard S3 j
Atlunta ! '
llig Ledge 4)1
lJISbeo l.'oppar ta prosp) 1i
Ilulto Copper and Zinc UVi
llutta N V 1 Kt
iVitii do I'asco so
Cnnsolidated Arizona .. l?
Ltnnm Consul S-
First National :i U
Klorence (.old field Sll
iloldlteld Cons 70
iloldMeld Merger
Hecla Mining (,;
llotve Sound 7
Indepemlenea Lead .... lili-,
,11m Hutler x:t
.liinibo Intension SI)
Ketvanns 17
JlcKlnley TJarragh 48
Mini's i'o of America ... ,s
Nevada Wonder -J
Nlplstdng Ki;
ltay Hercules 4
Seneca Copper 15
San Toy II
Tonopah Extension I
West lind Conrollduted.. 117
AVIilto Oak 3
Alaska Mines 1 l-:i;
Troy Arizona 50
aw
75
X
7S4
X
I7!4
X7
as
la
AS
31
111
13-111
li 14
37
ir,-io
i'A
7
7 7-lfl
31
III
SO
s
!'
:.u
15 Si
'.H
X'.s
4
15 Si
III
i',; 4 i. in
70
I I
l Lia ..
mi
HON l)S
Cerro de I'asco (is Ill ij
i'osden & Co new Us .... iuii in;
Krctieh Jlunlc OS an?; u7i; ..
MtiHalo Steel Ba uj',i J u;i3
I'.Uesian G3u till UH UX
Itassiao 5 '-.-s xx V4 xa ,i 114 tt
Sinclair Oil 6s ill 1 1 1 '. 1 1 1 1 i
Todd Shipyard 6s 101 ins
NEW YORK BOND SALES
13000 Amr At-r .ltli 5a ..
r.uuu Amrr i'ut nil ti ..
.171151111 Auslo-l-'rtni-li r.i ..
StllOiXI Amer Kor Pea 5 . .
suoo Amtr Tel (.11 4. ..
27B.VJO Aiuar 'iVI & Tel 3a.
luon Amvr leu H-f
llioo Amer Vrlt 1'aper Ha
Soiioo Armour c'u -i'i ..
500U Atchlaon yen 4a.,..
fiuou du &UJ 4
lnilii ili cv Sa 1017 . .
ICioiio Allan Cu l.lno 4.as
Soiioo Unit & Obla f,a
anno da 4s
1UOO da cv 4l . .
GIlUOO IliO I' I.K4WV 4.
840110 llrook II T 5a 1QIX.
1 1 wo Can Uott Ea lli-1 ..
1S1UIIO uu na jun
lllh.
. 10:i.
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. ill
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lia', u.tU
5!
lOII'J
1110
UU'a
, . . . w - T V a
140UU do B 1S3I lUO' JU
4000 C C C cen 4a
mioi) da Cairo 4
10000 Cal Oaa (c Klfc Ca.
S3IIO0 Cent Leather lat 5a
IWOOO Chill Copper 7a ... . .
llooo Clira & oma cv l'.i
looo ila l!i 1
41000 do ounv St ....
louo Chi & Altnn 3a ..
iiuukit .'hi fit VMt 4a..
kiw... 1. t, Vwn Al. Ku IQHT 111V
UMU Chi Hn Sia 4V4 loojl
luuiin Chi It & Q iolnt 4a... UHtJ
1000 Chi U i U 111 4a. ..... 0J
SOOliO UUUl I' 4 1BS6. . 5
soon do en 4 t4
suuoo do rfU 4W t U5J
S10OO do voqv 5a lOGja
21000 Cbl It I t l rfd 4a.
10000 dQ ta vim ata . .
10000 do.
80
I Oil
jii
3I
h'l
loiii.
loo
!
lU0'
80H
biiVi
ion
los'j
ui
W3S
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,i3u; isev, 130;
. sn 83. tj3
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734 73
11 11 llii
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117 U7S
tl.-lSi U5S
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lmivf, loii'i
lllll'I 1011'
21"
ftuao Cal Sc. outtl 4ljy a . .
-T.T.". :.7... . A.-l.. A
iduoo vity oi"'"W v-
3it0n Ua t Hlo ilr 4a
trolt UltltlMl
loot;
74
fcb'l
WIVi
b5
5000 plrolt TuiumJ 4Vi
IMtroit uuiiu its
i Brio urtor 4a
AMlsuat
Brr D1LLABD. Jr.. M. P-. AailaUBt
a3$abl -miAMtos pkppkh- a.
las
JOliS3')WJLA8S BBOW.V. Ea Aoclt
XOHTARO rOLPfcB JOHNSON Rao AJUOoJ-
mi uoeisKi
JOHN Ul UFHKEYS.
BsorstuT
Traajutar.
Ota W ;
Jiua ac. ai
dab 5m . .
Man lit 5a
,lu rril &M
111 SlMl dab
liidlana ittnl
111 font rfd
ir.- . - - . . . . ; w-
I Hi it at x a
lit l'Mt flmuha
HI LnlralTa 195:
do it 103
Tnlstrfa it T Ttt 5a
i lulv Mar Hit Ha
liuoo lolarnl Paiar 5 . .
"UW K o fl B i II li.
ISuS Kaa City So lat 3..
louo Kan CUt Tr lat 4a
4000 Ix-jJWiloa & Baat &
4000 lclt Slaal Sa 1VS1
fcOOO ll Sb,d 4 i:n
4WaM M "-ZT -
t
74
74
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ow.
3 on
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f.ooil do 4a 105H lllltf 101T. jtf
ll.iioil . Jt;, lutsu 1,1.1)! lo'.t! JIJjJ
i'OOll do 41.5a May 1957 ..110(5 llilB 11 iK
SOUi) N V tlaa 11 & V 5i.. il)5J !,)."( !,',"(;
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tfifik Til P..: li w i 66 0i
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91
UU
WM
Ui
lOStl 10
10 Hi join
7i 117 S
L'SUO do lia
3000 N Y Itivy adj 5 .,
4IO0II N Y Tel em 4'4
41100 N Y W r 4 II 4!4a
loon Norf & VWat 4a !.,
7000 N'ur pao prior 4. .
Soomi do en 3a
14000 Oru Si V H It N 4a
Sill") I'aclflo Tel
100(10 I'arlllo ilaa .'.1 .. .
B&000 1'enna 4a 1048
I5oo do sen ct I'll .
10000 do 4'ia 1US1 ..
1110 Pcoule'a tlaa 6a .
JOoo da da
5001 l'ub Sic N J 6a ...
UOon Itfudlntr Ken 4a .
1000O l'eru &laruuetle Km w I nnu
noon ItadlnK ictn 4a uu"-,
noon lupubllo Ui . . .'piiiK
14000 Hlo Ur t W lat 4a . . MS
loon Kiry Sleel tip 5a 1931 ut)i
llOon tit 1. 1 il i Wo Kvn Sa lo:i;
i .von oo ta ,,
:i.',oihj St I. ic S V all lia . .
1500 ) do In 6a
330OO uo 4a Her A
44000 do Sa Her II ...
500U St Loula Bivn eon 4a.
0000 tSand Uaa lia
4000 Saaboard A 1. aj 5a
Suoo Uo Stn 4a . .
21000 South Hell 5a
1'jooo South I'ao cv 4a ...
12600U do rfd 4a
louoo South Pac cvli
5000 Houth llwy ga 4a. . .
- 8000 do con 6a
5000 Taaaa Co cv Ha
300O Utah I'ow Lt 5...
1X00O II 8 Haalty 6a . . .
1700O V u HuMwr Oj ...
H-iOiiO U H Steel a f 5a . . .
S7O00 Union Pan lat 4a . . .
22000 do rfd 4a . . . .
SSOOO Uo ttwya 8 4a
3400OU K of 0 It ft 5a. . .
104000 do Sa, 1019
500OO do SWa 1021 ... .
5O00 V Sa llrowu liroa
1O0U Va llwya 5a
iMLUl Wab-P T lat ct f p 4a SVl
imw ... siu urn w7a
10O0 Weat Sburo 4a 034
5000 w.at Ualoa i t B7Vi
5SI00 Wbt.llE Ulili . . HO
43
75I
inlH Dili,
O.'.d ll.ll
Ill l,Slt
.Ma b7Sa
lolt-i lolli
03 o:i
10011 100
1011. llllVi
10S 102
lo-" losli
115 11.1
OS OS
till1 OOH
t3'i 0.14
ous oii4k
lllOa looS
HS bSS
00H Oil'
103S 1II3S
a X3 fc.1
75S 75 75
531 , 53 63
704 7U'i 70'i
1.IIS KiH fcrtlj
704 T04 70-.J
101 JUl" ill'1
75'i 151, 75'.
ii his sis
Kill, loili 101";
M XS is
04 031. 03'.
l3S ioa jojij
70g 7fl4 74
10SK 102S 1021,
ion 100 ion
II U Oili 05H
uo 57 57
1034 10.1H 1034
lOdg loa? ind?
00 H 004 90S
024 034 03U
37S4 S7 3T
OX OK OK
'S 074 074
07 075 7
01.. 01. Bl
oou osu oau
.fT
0S4 1024
u-.'S 02C
074 074
79K 80
New York Stock
Sales )
High
Acmo Tea nnVi
AJax Ituhbcr 7!5'i
Alnnka Gold Mln.. lnS4
Alaska .Inncaii 7V4
Allls Chalmers 5ja; 27 S7
do pref xl xl x
Ant 11 Hugar.... 1)1 Si 0H4 "
Aln Can 4fl!(, 44Sfc liSSi
do pref lim loll 10!)
Anicr Car & l-'dv. (J0V4 I3"i "3W
Ant lllda & Lentli. isu 13 1
do pref on fi.T4 ix'i
Alii leo 3o U 505; 311
Am l.lnsecd ... ISiJi llii 17-li
do pref fin! now, oi,
Am J.oco 57 "ISi '"
do pref Ion ton ion
Am Malt pref... Ixti IX IX
Am Smollhip; ...nnfi ln.i4 ififiSH
do preferred ..tin; llflli imri
do pref A xV4 nn',6 nA
tin tircf H OitVt u-fJi f3i)i
Am Sugar Illli man HITSi
Am Kleel I-'dy nt no oo
Am Tel ft Tel ...IS3S4 tiai ISSti
Am Tob prof now. I ox Inx lox
Am Woolen UVi l S'i
Am Writ I'ap pf. I.1V4 43
Amer Zltio 30(4 .15 Sfl VI
do pref 7 ontf, ?o
Anaconda Cop ... X.1(4 xl?, x!ft
Ahso oil 7" 7 70
Atchison HMIi lot lnlS4
do pref
Al Coast l.lno . .
At (!ulf A W I...
Ilald Loco :
thill & nhlo
do pfd
Ilelh Kleel
llarrnlt Co
do rlRhtx
Ilrooltlyn It T
Hrnwn Kline ... .
Unite & Kuperlnr.
Cal I'et prof ... .
Canadian I'acillc .
Cent Leather ...
Clinndler Motor . .
dies Ohio . . . .
Chi flieot W
do pref A
Chi Mil ft Kt ' . .
do pref
C C f! ft St I,
Chi ft North W .
con r; ft Hnf iiait
Col flax ft Mien
Clilo.lt I ft I'nc ..
do cf
Chile Copper . . .
Clilno Coppei- . .
Col l'ni'l ft Iron
I'ol ft K lnt pref.
Consol Has
Corn I'roiluctii . . .
do f.l
Ciilclblu Kteel
Cuban -Am Sinjiir
do pref
Drlifga Seabniy .
Ilel ft Mini
Den ft Itlo 11
do pref
Plstlllers Secnr .
Uoiiio Mlnea ....
Ilul K H A
ilo pref
Krlo
do Iht pref
do 2d pref ....
flan CliMti pref .
(laa W ft W
lien Mot nue. . . .
do pref new . .
(loodrlcli Co ....
liianby Conxnl . .
flrcal North pfd. .
lit Nor Die ctfx..
(iicen-Can Cop . ..
Hnlf Statu Steel. .
inspiration Con . .
lot At;r C.-p
Int llarv Crp
do N ,r
inlerbmo
do pref
Inter Paper
do pref
J tit Nickel
Int Mer Mar t c. .
do pref
.lmvel Tea
Kan City South. . .
do pref
Kelly Spring The.
Kenno Cop'.
l.ncka Steel
IacledH Oiih
I .alio K ft V
till
1171ft
11.1
5714
K.I ',4
75 1,4
1X5
135
3 Si
XS
111
47
55 '
I. Ill
UIV4
"11-
11.111
I3V
.1!) V4
xk";
ii S4
51
ISIlVd
ISi!",
14
31
as
Sill',
51 n
I5'!i
n
l:io
SIT,
1 113 I,
IISTi,
50!,
1)3 I,
60
I lor;
1 51 i
.17
Silt 4
s:iV4
6
III
::.'!;
4 7i
37 54
an
i nx 1,4
i 'i ' -,
X!)
57 ,4
X!l
I Kl-l'l
.15
II
ISI
5X1,4
15 Si
X I ',4
II0S4
LI
70
ti-y,
I OS
icv;
S5V4
XMl
5 I M
57i)A
I.-.-V,
Xl
. ...IllS'.i
pief. 5II!(,
l.eo Itubiier si
l.elilub Valley :7'.i
l,o ni,' Inland , .11
I .ouiB ft Naxh ..Lilt;
Maekay Co xx
do prof (17
Max Motor" .... 5S V4
do lat pref .... 1 14
do 2d pref .... .10
Mexican i'etiol . . I11.I
Miami Capper ... II
Min ft St I. new. si
ilo Pao n I 8I14
do pref w I .... 5X
Missouri Pair t c. . 1:11)4
Mo Kan ft Tex ... H
do pref IX
Montana I'mvur ..luon
National lsixcult. . ISIT,
Natl Upamellns .. SIIV4
Nat Lead mi
.Nevada C1111 S3T,
N V Central nut
N V C mid Si I, . ax
N V N II and 11.. 17
N V o and W ... SX',1
Norfolk and West. ISU-V
Nova Scotia Steel. 1 1514
Noith Paelllc 107
Oiven llottle Mach.looV', looi-,
Low
604
72i
10
7
7
1
1
4
II
31
3
31
ni
7'
0'
i
n
4
Jl
IP!
',
1
J!
1
4
I
1
r,
I1!
11
1
ox-y,
117
lo7Vi
61
x.1 1,4
7614
1X5
I S3
S',i
XS
07
1 1! SI
ft I 'Si
15 II
X7i
!i:i
1.1 (f.
ictli
SX'H
X7 U
1S4V4
51
1 SIM ft
I S3
I I li
3S
.11
sin;
6S Sft
II
50'!,
I till
"Sl'ft
I OS 7m
5r,ft
US',
"314
50
IllUft
13'),
37
2 ll
SS'P,
5
III
.1 1 Sft
17
37 S4
ail
iiixi,4
101
xo
511
XX
I I Mi
31
II
ISI
60 '-ft
I.T1
XI
I 111'..
15
HO la
IS',!.
111!
Ill
SS'ft
77 '.-j
73
SI
371ft
571
4 I Si
XI 5ft
H'-'Sft
511'
S3
7'I7
3i)ft
131 ',1
Xll
Oil
50 V4
70 Vi
30
101'),
III
S5
3l"ft
.1x1,4
13
7S4
IX
loii'i,
ISI')',
S5'li
60
S3 Sft
HIO'l,
sir,
4 IT,
SX
13S!
II'!
100 (ft
Nft
flo!" ehc.
60 V4 V4
7.111 T,
lO'jft !,
2
V4
-' IS'
S4
St
1- Sft
vs
V4
I
S4
-r 'ft
V,
H
-1 VH,
I
S4
Vi
1 111
4 I
4- 'A
nxw ',(,
Tft
4-114
' I 'ft
117
III
fill
X3S4
73 54
4X3
1311',
-1ft
XS '
07
17
55 Vi
fill
ansa
11 x
03
137ft 4
SHI',
XXSi
IS 1 14
51
ISIIlft
IS. TV,
Sift
32
.1 1 Sft
SS'Ji
5 3 ',4
1 5 SI
fill',,
1311
SI1,
lllll ,
IIS "ft
1 1) Si
0 3 ',4
I III
3 5i
11
4-1
1ft
- "A
I Sft
Vi
"ft
a.
11
Si
4-1
- Sft
t- 11
( IS
Sft
no
1 ID'n
I.VJi
.17
SC 14
S3
III
3 1 1ft
17
37 14
ill!"
10X14
I OS
X!)
5111ft
Mil
1 1014
351,
II
ISI
57'
15 V.
K4
3
IVi
14
1 14
1ft
T
1 56
III114 114
70
I IT,
IDS
II
3.11i
XII li
7:1
21
57 5ft
571,
I."l
X37ft
I0S'
'ft
-t Hi
-1 Si
"ft
iiS
1.1151
XX
117
r.s
7154
an
103 54
11
25
31
5X54
i:ii(, 1-
xi, 1
ix
moift
ISIT,
SO',..
' ST,
4 1
r T,
-' I Si
I
31,
1,
lint Silver 57,
l'acifio Mail so
Penna It It 51114
People's Urs H'llft
Pldla Co 405a
Ptttsb Coal t c 4554
1'ere Marquette w I ai'.i
Pitts Steel pref . .H1II4
Pressed Steel Car. 73
quicksilver a
Itall Steel SprliiK.. 50
ltay Cons SilSi
JleadliiK loo
Xlepub Iron ft.Sleel 7X14
do pref 1017ft
Shat Copper S5',fc
Seaboard Air Line lilVft
r.T
20
fiil'i
IOCS.
40 !
1:1
3054
10114
72 51,
2311 -, i'i
101 ')
3114 31
I" Sft
SX v,
I331i
113 S!4
1071ft
llliili - i',
5T 1ft
S" i
50 54
1011, 1ft
401, (,
17:
31 ', I
101 '4
711,
IT.
do pref
Sear lloelluck
So I" ll Sonar
South i'acltie
Southern 4ty
do pref
St L ft S K
St L & Southwest
Studebaker
Ten Cop & C
Texas Co ...
do t p
Texas Pacific 11 R 17V4
in
Sil
U7S4
7514
101
S3
101ft
7 li
2S
1X0
05 Vi
SUli
XV4
S3
SX
1 03 14 10SIS
1, 1454 1451
S4014 231
23X 23 1 1ft
hit,
so v
as 54
77
10 lift
'!.
7 li
220
1X0
nor,
3014
ex 14
21
2K
114
T,
t 1 1ft
SS'.ft I'jft
I'Mft
li
rl
4- 'A
r 1ft
Third Ave
Tobacco Prod . . .
United Prug
Union Bag & IV
United Ciu Mfg.
United Cis Strn.
United Krult
Union I'acillc , . .
do pref
USCIP4K..
do pref
1714
13
fiHa
711
IS Si
41 Sft
10114 lOOli 10014
11a 117 147
.15',
65 H
71
mi
415ft
143, l
xi 14 xi ii
SO',4 30',4
US 62
37 !'
'I'M
1X0
00 54
301ft
OX 14
S3
SX
1011ft
II?
23714
233
1714
45
53 14
71
1314
441ft 14
Vft
1
1ft
I
4- '.ft
1ft
4- 14
rlli
143
X4V4 1- Vft
20V4 V4
BS I-1
U S Undl Alcohol. HBIi JUL, lUli 4- 14
U S llealty
Un Itwy Inv pf.
U S Jtubber . . .
do 1st pref . .
U S Smelters . .
do pref
U S Steel
do pref
Utah Copper . . .
Va Car Cham .
Wabash
do pref A . . .
Wolla Fargo . .
Wactern Union
Wasting!) Kite
Uo rights
Woat Maryland
- 1514 11
- SIV4 21
. US OUT,
.11314 11114
. 63 611
514 3
IVH, 10!) !i lllli
ISO
14 H 2V4
IV4 4- li
HIT,
IIS
0 5
51
Vft
Sft
. Sft
4116
12014 120
103V4 10314 101V4 r 14
48 42 43 1
Hla 14V4 14V4 Vi
. 5414 B3V4 6444 t 14
0314 105V4 105 li 14
111
53
' 14
8814
do pref 42
Wheel uEl, go
do 1st pref w 1. 4954
White Motor 49
Wllys-Overlaud . 381ft
Wisconsin Central 53
Worthing Pump. . it
do pref A .... 7
oa
5314
14
26
sou
40
48
S5 Vi
52
SS
87
116 V4
53 4- li
14 . ...
SVi
42 IH
!0i Vi
40 l
10
3JV4
53 .. .
26
97 t!
Sales in. Philade
Iptiia J
Hleh
to Am Tt.vs pf 07
100 Hold Loc. 1fc
5 do pref. .tollft
10 Duff ft Bus
pref .... 55T,
20 C Leather. 0014
no Mice Sior. CO',
Sin Mi in .. . . 3S
20 tl Aeph pf- 1
37 lna CoNA 27 Vi
I Key T pf mifc
12.10 Lk Sup '
ix Leh Nav. ,
I In l.oh Valley 7711
In 1. V tr pf 4.1
500 M K ftTet 714
soo Ncv Cons. 2.11ft
1003 Penna II fl Anal
0.1 la Halt M. 05
155.1 t'hll.1 lllf 33',',
103.10 put tr ctr .1114
40 Phltn Trnc nj
3.10 tleadlnK . .1011
0 do lit pf 4S
30 So It'vy . . sS4
SIO Ton ltol. . lift
130 Ton Mln. ill!
3X0 V11 Trac. . 4fltft
52 uni xnii
nirwi C Slefl. Il2',!i
Iiw
n7
fio-lft
101
5311
no 14
on
31 '.ft
OX
271ft
07 If,
I01HOIXV4
It lift Xl'.ft
rions.
7
f.0-14
ion.
Net
ehft
Viift
55 is
no 14
771
1.1
7 14
2.1 1h
no ift
t)5
321ft
3.1
xtH
11 .
43
2914
1ft 4 0-10
0
4rtV
xol;
lot) 14
V,
4- KS
001ft Vft
32 .-.
OX 1
2714 4 I
0? Vft " SA
10 I H
tiiv, K
7114
43 Vi
714 Ifi
2.11 1ft
f.014
05
3.1
31 Vi
02
llX'ft
4.1
2 II', a
4 I Vft
i Vi
2!fc
I 1' Co N 4.23354 ss:i',4
fi W Jer ft S 50 5ft Mi
20.1 crnmp ... x-1 H;l
x.1 Vnrk It lif 33 ax
li
1 l-in
oil 4-is-m
401ft 4- 11
X!1i
IIIVl 1
22.154 V4
501ft
R3
it
I'M.".
on 14
Xct
CtlK.
Not chnntto from yesterday's Now Vork
clone. )
IttlNDS .
Illin. Low.
sunn Am ilftns 'Jfllft tlOW
Soon ttald Loco
1t fix ..101 UH I"1 '"
100DO Con Trad .
N.I 6K..I0J14 IMS4 l"S4 4- 14
loo City 4x '37
rec 103 IDS
I no do '38 re. 103 lo.l
20UII do 'II cp.KlSH 13
00(10 Klec ft I'qo
Tr Is .. xSlft x1
looo Hen Anph
deb fix..l00V4 looVi
7000 Lake Sup
Inc fin... S3 filVi
5noo Leh V Ben
4 IVj '"Si
4000 Ilo C.HI1
4'jh '0.1. lot Vi I l Sfi
11000 Market St
IH 4s . . x x
mion Pa Co un
4'jh ...lOl'i ml
rtroil Kfl Ix tic,',-, no
I'n ltwy
Inv 5x.. 7314 7.7H
Vork lly Ut
t,H !)!) !!)
10.1
103 1ft
InSlft Sft
X214
IOIIV,
S3
01 V4
101 li
03
r 1
r
1 1 mil)
01100
sono
1 0 1 'A
uriif.
7314
III)
Vi
14
N15W YOKK COKI'-KB MAIUvKT
NI4W YOUK. Jan. 1 1 The market for
coffee futures opened nnclinnRcd this morn
Itil? to a decline of 2 points. TradhiK nu
the call was only moderately active, cales
belns estimated at 5000 ImRS.
Today's
upcnliii."
Jiinuorv .
Vuhrnary
Mar.li . .
Aiirll . . .
Mnv . . .
J unn . . .
liilr
AiikuiI
HppO'lill'er
Di-lolK-r
Nnit-mlipr
llt'tiilr
lllil.
X.X2JSX."!
Xlil'lOS.Dl
X.ill
X till
tuiitta.12
v.'iisttn.ni
Vi8lAr,ln'
, loo
h.":in.7.-
K.7Xft''X.SII
x.xms.s.-,
S.8HW.S.WI
.l'2rs.ii4
S.lMff X.HT
X.ll'.lSi'tl.OS
li. 03 tat'. UH
tl.lllflli II
ti. in nn. 111
ll.l'Offll.'.'l
I'.SIWU 25
NEW YOIIK.HU'ITKK AND KGCS
NKSV VllflK. Jlin II HI'TTHIt tlri-rlM.
11102 tulm. l-'nney fr,ah iooni,-lilHrlly short. ilih-r
if i-nil, ai In lurnlllill s-ipi,i mihi wiiii, .-un
iluln SS'iail'': otliir sruil, h iim-linim.-il,
:i!liS Itwnllila. 4SH7 i,. l-'ri'.ill eaira III
I'irht hiippIs 11ml niirk-t Ktmiic. Katnis. nil- In
ii)..; .xini nrala. 53" Innl'le; OrslsM W3tV: pi
nmla. IfiOfith'i xiorwje llrB'a. !I7'4 (?:ive; s-inila.
:HI1r.l7r. while ,.tK. 5741 5Se: irinvil. 5l1r.ji'.
,1 iiilor unclmnut'il.
IjMI'lotl ll'l'll'''')
N,w Yurk uenlh).
11 A K SU.VKIt
Vr',nv.
,T.I v.
ail' a
74
Uiat
Thui ailav.
Si
75i
I.IYK STOCK QUOTATIONS
I'lin'AOo jnn 11. nous rtai'Pipis. 53 onn.
M.trl.'la stoiv nml Miik. .MKt-il nnil lliilrllnra,
sio.lOfi lu.i:: r'hhI Im'Imv, Jlo.sntp In 03. roitau
1,,'ivi" $10 an 10 35: Mich! I!'.!ll)tlll 43; .lss,
ITfiHftll&o. bull. JUI Kifc in HO.
1M'TI.'-Iti'' ll,fM M'im. .Miir!t--ti t,,i,lv 1,1
Klnirti.'. Il,-eip. 7.7."TI 1 1 .m. i-ows nml wlfort.
J. IOW III. shM-lcvra lliul r.i!rH. l.'.JUWS X5;
iviuns. x.5itit.s,"i. i-nlvts lu.5n(fll
HllCKI' ItHi-plpia. HHiiiii. Murkiti stroni;.
NiilUu uuJ nealt-ru. 111. IIIO10.S5; lambs, til. 50
M4.
Hussian Hnntl Syntlic.itc Dissolved
NKW YollK. Jan. 11. --The syndlcalo
wh'cll undenvrote the J25.OO0.n0O of live
year 5 'a per cent Hussian tSuvernment
bonds has been dissolved. Approximately
J'JU.DOO.OIIII of the bunds were sold, Icavine
J5.u00.il00 to lie taken b the underwriters.
Yarns Irregular in Manchester
MANCIIISSTHIl. line. Jan. 11. Yarns
ure lireculiir. Cloths are dull.
Hank of France Gains (,'old
I'Altlrt. Jan. II. The weekly xtntement
Af the Hank of l-'ramv shows an Increase
of 13.23G.0U0 francs in gold holdings and a
ihscunso of 3.C3U.0OO francs in silver.
ANMAI,
MICTIONS
jssr"1'"1
CIlNTItAI. NATIONAL HANK 111'
l'lltl,.l)i:i.rill
j.inunry 11, mi,
Ai the Annual Mi-ulne nf th rUnckhnlitora ot
this llankV held .Milium 11. 1917. th followins
centleman wro ulreied lilreeiura fur the en
aulni; yrar:
llKOIUin IIHIINIIAM. Jll. I
WI1.1.IAJI WOUI)
I'llAltl.US WHIllll.KIt
WILLIAM T. HI ITT
HA I.US l-i INOUItSOl.l.
A A. JAfKHON
pAMI'HI. SI- CUItWKN
i-VAiiKSCi: M nitiiWN
Wi$X) ''UVKUi1'1
.VI'IIV II.
J IIAHTUM TIIW.S'SUN
ANDIll'.WS
IN 11
KTOl'T
n.
iiirnKitii'lv
HMNIASIIN ItllHIl
WII.I.IAll POST
JOHN II. MOltUAN
At a mfllns "' "'" llnanl of Plr Inrs helil
thi U4 5lr" William T. I'.llluit was Viianl
niimaly re-elieteil Vrnklwit.
meusiy rs ei WJ( v i;0MtAll, Caahler.
rv-SP- I'MON NATIONAL HANK
3i? I'lilUdt plila. I'J) . January 11. 101;
At the annual nH-etkiK of thu atutkhaMira.
lifhl 011 Hi" ""' Inaisiit. tha followliiK were
ilVctfil Ulrnlora to aere for the enauliu; year.
a. r. Aiii'uuiiusa
Julm C. Martin ,
Uiuis N. Hplrllieraer
Win. MiArtoo. Jr.
Kdward Wnif
llviiry II. lljrlon. Jr
Nathan T. Folw-ell
Samuel V.. i.anilia
Oeltierinann
At a tnrctlnir of the pirn-tor 1ieM thla il-iv.
W ll. l-'arpenler v;aa illianlmuiialy rimed
t'halrinan e. tha Hoard, J. K. Mcl'ullouh. ivsl
dent: Tlieo.lor II. (.'sntlerman. VUe Pritidrni.
I,oula N. Silelbert-er, Vie I'rcaldeiu and laali
ler; Samuel, I'aiupT.elj. Aaalatniu l-'.ihler. Itenr.
! lirowii. n'i . Solicitor, and l-J. 11. William
,on. Jr.. K""-,01;,3 N. si'lCLHEBOEn.
. I'aahter.
"1, J.MTKI1 MX'IIKITV l.ll'K IN'Ul'ilAM'K
RSir AM lKt'T ll. UK I'KNXSVI.VAMA.
I'nlladelphla. January 10. lull.
At 'he Annual Merllux ut the Stockholders,
held January 10, 11)1.. lh folloivln Dlrettota
were fleeted tu aera lur tha enauln year:
William l. Coatea 'Ihomaa It. Tunla
John Q. 1 arruth J. l.lold L'oatea
William It- Verner T. Jlorrla Perot. Jr.
J. W. Ilaiimton. Jr tleorse II llendcraon
Lincoln K. 1'aaamoro David Milne
Samuel Hell. Jr. Kranrla It. Hemperley
WlllUui lltury Hrool, Howard IV. Lewta
c Shlllard-Smith.
I'ltA.vuia h. m:upEm,Ey.
Secretary.
r-Zr- 0KT1IVK'T1JKN NAT10NAI. U.VNU
fcS? Philadelphia, I'u.
Jauuary 9. I&17
At tba annual Klactlon held thla day the t'ol.
10v.un: pireelor wera ra-eleoted;
Baward A. Shmldi Hurry A. Koth
.11. c'baa. Murtba into W. Schaum
oodfrey B. Hebmana Wm. U. Severn
John l:. lUnlfen l.lnlor.l f. Nica
A. Kaymond Hall John H. Uveiey
Edw. C. Shmldlw-r Jojaph P. Wlttinao
LlNFORD C, NICK. Caihl.r.
W 11. I'arpenier
Itnatlua J. Uohan
Aaron liana ,
Tliio. IT. Conderman
Harlan )!! ...
Horace T, rotla
Snri .1-'. .Mitchell
P' "" -.
DIBEOTOBY OS ACCOUNTANTS
Ctrtia! Kubllo Acrauotaula
UWHENCa li. DROWN & CO.
1815 KKAL felTATB THUdT UUJLDINQ
WlLLUUt MONTEMUS
yaw L.tusaiTui- sx
" JlOilNa t SPEAtSiiA,
tub uoyuaic
b
RAPT-n TRANSIT CERTIFICATES STILL
UNDER INFLUENCE OF DIVIDEND TALlf
Advance to New High Mark Since 1909 in Afternoon Sej
sion Street Discusses rroposeu rmancing
by Pennsylvania Railroad
lllvldnttil Utile mi IMilladelDhla llaiild
Transit rnnllnncd lo flay an initioHrtrit
fiftrl In tho dealliiKs nf the cnmnatiys trust
certificates on the flillatlrlphia Kloclt Ms
chatiRfl today. In the nftcrnoon the I'Hce
was boosted to another lnh Doint since
1009, nt 31 '4. a Sain of 1 ns cnnmaied
with tha filial flKuf nt last night, linyins
of lha certificates was Jnsuinetl With the
start of tradlnif nt lo o'clock and from Iheii
on until 3 o'clock, when the market closed,
they were by far the most active, nearly
14.000 ctinnginp hands.
N'otltlnsf nev was heard In connection
with tha dividend, bat many morn peoplo
In tho Street wero certain that action along
iki. ii.,. -m,i,i i,.- inl.-Mi at tho nn-etlnr of
tho' directors next Monday, miring the
early tleailiiir9 inn price m me .ei .....
not up a llttla nml then declined, tho icai
tnovotnent not coinlnc until the orternooli.
The ton prlco was not held to the c'oxe.
The whole innrket lino today followed
New Vork. When the market In that city
went off in the mornlne, prior- were
sympathetically affected hero and when
Ihey Improved In 'Wall direct the same thins1
occurred here. I.lttle attention wan Riven
to any other Issue than Transit ceiliflontei.
btit among tho other stoclts which came out
losses of a point each were shown" in Klec
Iric KIombo fiattery and (ienoral Asphalt
proferred.
Another ttnnil earnlnRs" sintemeut of the
National Properties t'timpniiy wim issued
today. It was for the liiniith of Heoeinlier.
The sross earnings for lliV month amounted
to JS4 1,023. which Is nu Ineronso of $11:!.
TG8, or 15.0.1 per cent mer the correspond
ing period of the tirevlmtx yenr. f-'or 111"
tweivo months endlnc with December the
Dross enridnRi were J8,nC0.7!lS. an Increase
of $I,28!).43B, or 10.811 per cent over 1013.
Tho Mlrect today nave sumo thought to
tho proposed Increns'i In Indebtedness of
tin Pennsylvania Itailrooil to the amount
nf $75,000,000, which KtocKlmldeis will be
asked to approve at tho annual ineetliiR in
.March. When thli Is authorized by the
stockholders the diicctor-i will have the
authority to Issue "cither (jeiicrnl nim-lca;ti
bonds or capital sine It," and tho Street
wondered what would be done.
The iiutstandlnK slock nf the i-ompany
at present i nearly SDno.Qnir.noo ,f un
authorized lsue nf SCOO OOO.ODO. This led
lo Ihe thoiiRht today that the nnty fltiniioliu:
may lako the forni of convertible bonds,
which would ndd a speculative feature lo
tile bonds end which would enable llir
m
rr.mpntiy to cut down lis linndr-d Inrtebla?
nes and to Issue an additional amnimi ii
ntock. - " H
tn view nf the general ilcmatiil fnr t. I
nt present II was pointed nut thai ,!j
linanriiiK wouiu prruianiy lake th r.
bonds. The company's iteneml rnorlrj,
4 4j tier cent bpnds sold yesterday nt lniV
nml tnitrtl- Ihev rose lo IA1I. . J
cemher C'tho price was mi Ti,0 "
nt Ihe l'elitisvlvanla In nieti thai 1, "J..,1
tint he necessary to Issue convertible boivwl
but It WOllld give I lie loml n BOoil 6t,n3
tUlllly to Increase the mitstandlnit slSttl
Tnitnv llin entiilmliv'M Kinrlf ,... . al
pressed liy the announcement of the i.7f9
i,-iiii.i,.,'. ,,u,. Mi....,, i,i ir was off fV
.rt. mh .,.,lni-n,l .(.III, fl... n..., .. o9
lilt,., ,n ...,,,,,u. , ,, ..,,,. v,... in, , OI yesl.,
day. but this wail more Ihe rimit nr 1.
pirsslon In thp Ketieinl railroad lint n ISI
New Vork market ,J
Attctitmn was called to the ndianco (3
the price of plR Iron In Philadelphia In aSt
Inst week. No. S phr Imn lias Rono up u
cents per ton to $!W. Wire rods at Pldji
unroll mot' i,.-rii ina up .- in ,i, pep grottl
ton. nn the other band, steel !,... .M
l'lttlitirah.rti.t'lliipil fi "in :i :'.. , nis tuj
cents per pound to large biiMr" and i,r
innlerlnl wn reduced in ih, I'lntadetphttfl
district, ln-nvy steel nr.ip lvioK (Uoted im
52L' noil .no. i cast in f.-'i ir r cro.s toJB
n iieriuie "I i i"-i "oi i"i imith
Ach'ancc in Crude Oil
"prill,!!, haul. i O-uil,'" lino ndvantfa
In SS.in and "Mumcr-el" 'It ole to 12
Ihe h'Hhc-t price in III loiv
Increase in Earnings
Barnett Oil & Gas Co.
lCartiiiiRn arc iiurc,i?cil mer $100
per day ly recent ,kK .inccs,
I pi-pillcl imotlipi- ii(l.inii tin weelc
Th" xeeiirlty lack of ISnmoir n (j,t
ikioi'fc Im iviirlhv of Vi.ur tull,-.t invr.il.
lintiiin from an lim "tinent t.iiidtinlnt: '
re.ii'e can nmv imcui n.iifusru cam
Inrt for oil serin .tic-
J., I lit f,'if n,i i.''"' i''ori,nfon,
E. H.CLARKE .'
Morton R. Alexander
ill .'ililtMil I'.. rln. i l ,
I'lmiip II III Siiruie I
Slock nxcliongc Hid;:. I'lilla., Pi,
,T W,.....m I.XVAI(i. v ,. Nmv T.A-
Mfl
League
Commission Merchants
Vfif )
V. 11' rJH.'K 'l '
MVW I V
c .''.'C
Your convention gives
you an opportunity for
studying an unique city, of
fering unusual business in
your particular line.
Surrounded on all sides
by rich farming territory.
It receives many boat loads
and thousands of train
4o.ads of nearby fruits and
vegetables. In addition,
during the producing sea
son over five thousand loads
arc daily driven into the
city.
It is also a collecting
centre for a wide producing
section and a distributing
centre for a busy population
af three million consumers.
You Should Be
Represented Here
For information regard
ing the standing of commis
sion merchants, methods of
shipment, requirements of
market, cold storage, collec
tion of drafts, call, write or
wire.
Cora Exchange
National Bank
In the
Produce District
Chestnut at Second
Philadelphia
IMPORTANT ANNOUNCEMENT
The United Western Consolidated Oil Co.
Capitaliiation $500,000 500,000 hare. all common, par $1.00
Has taken over the
United Western Oil Co.
Present holders of the United Western Oil
Co. will receive share for share in the new
company i
t is very important that parties interested in the Tinted Western
.oinpaiiy see that their stock is immediately driiositct wit," the
Security, Transfer and Registrar Company,
G6 Broadway New York City
who will issue the certificates in the new coiniianv.
It is
Oil C
i i if V""e'1 Ues'er'' Consolidated -Oil Company is free and tlear ol
all debt, having no outstanding: bonds or obligations, and has sufficient
;ll !Ife.iCap,iia l..,01dle.'e,P properties which consist of the present hold-
1I1CS Ol the United Wpeti.ru Ml r i -.,. , . i..uini m
Wyoming owned by th7Unked Wcsieri'Sol iatc.1 OU 'Comply.
Development work will ba imm.Jlt.l .,,-...,1 ., .. .!,. MrKitlritk
I properly and in both of the WyominR di.irict.. M '
Information upon request.
Carroll Felter & Co.
KefiiArititt tomlfl Da, ..?t.
" '- . nrWiuiMK,
juj rinance Bldg., South Penn Square
, ..... .. . .
i,i. V . " Pu 4I3t Kryatvue. Ituce 4016
Mlr.cl wlrw ta -New York. llltlm!l. lliuluil.,u
Philadelphia
f.iirr 'r-'nnt-.-a , n if TT rut- .iiftHnm m, .W fflu .'r if n i ,