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PK? v: . ' '' TOK6?G PUBLIC LBDGEK-PHILA'PELPHIA, WEDNESDAY, nFnsPBTTAKY OTlfttS
?''
Mfc
MREIUY,. MOCK - CO.
m
(ta&
tf w
BANKKBI
INVESTMENT
SECURITIES
OOVPWNMBNT
MUNICIPAL
RAILROAD
AND
PUBLIC SERVICE
CORPORATION
- BONDS
WAR SAVINQS STAMPS
306 CUTSTNUT STREET
PHILADELPHIA
Investmerits
Yielding from 5 to over lro
QUR February list
of investments
contains many offer
ings both sound in
character and attrac
tive in yield,' offerings
to meet every invest
ment requirement.
Send for Circular PK-i:,.',
The National City
Company
Ntionl City Bank Blds N. Y.
CcrnsrcnJent Ofiees in !4 Cilitt
Philadelphia 1421 Chestnut St.
Band,
Short Tttm A'ofci
jhteplancu
69c-79 Income
-k ml
BUY
Public Utility
Securities
Short Term Notes
Due- 1920
To yield over To
First Mortva"e Bonds
To yield G'c to T7c
Heml for booklet ilescrlb
Imc Ttlevm riinilam'nlnl
Factors nf nn InviB'm-nt
In puHte utility seeurltles
ht ti t urrent offe-incs.
' -.or .111 mill Rooku I '."
P.w.Brwkss-
Mn.-k K. Illils.,riiUiiil1i
s
Odd Lots
Stocks Grain
Unlisted Securities
T Pirtif ci refill nltrnMnn rlvtri to
pmnll Iota n to thou of liirtf amounts.
!Iarket Forecast Mailed
Free on Request
HUGHES & DIER
. W.ilHrr-sVRSrt,-SSh?K.
1433 Walnut Street
Philadelphia
Woolnnrlli Mile, I.ania.trr. Pa.
u
BARNETTOIL&CASCO.
PRODUCER REFINER
DISTRIBUTOR
Barnett paid in dividends during
1916 23 and is now paying at
the rate of 24 rr per annum. Semi
Annual Report mailed upon re
quest. Morton R. Alexander
Philadelphia Stock Exchange Bide
S7 William St., N. V. 111
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRIi
STOCKS ARE GENERALLY HIGHER
ALTHOUGH BEARS HIT STEELS
Mass Of Security Holders Hold Firm to Peace
Belief and Will Not Liquidate.
Marines Are Strong-
NBW YOltK. Kelt. ii.
An HCKresHlve, Kicciilatlvo element devoted Itu efforta iluriim u U"oil
part of the day's triidltiK on the stock exchange to constant liatiunerlnit
nf the steel slocks and also made bearish demonstration nt times iiKnlni-t
tliu lcntllug railway issues.
This hear mc. criKtit wan accompanied l' K"1 dial of tall; as In
the effect of the declaration made ly tin- Allied SiipiPinc Council on Hal
unlay, and constant fffnitH were made to shake cMilldonco In tho pros
ppptH of pence, but tho mass eif security holders livid llrm in the belief
In the peace outlook, and there wan no indication of lliiililiitlim fiom
any ipiarter.
The bear efforts were eiicee.sj.fiil for a tltno In forclntr a tcecHslon In
United States Steel and Iletlileliem Steel "II," lint the linpoitnnt move
niciits of the day weip to substantially blither levels.
The tnat'llip stoehs multitalned u strmiK tom1, with tin- vidians If sues
In that Ktonp selllnu at the hluhest prices rcaeheil in a lom; iierloil, .Ma
rino pnferred maile a Kaln of inoro than 1 points. pcllltiK above ;!. and
the pommon stocls rpcoveml i points to above i'T.
.Atlantic, fiulf and West Inilles ranuid ihiilin; the day fioiu luS'i to
1 lll'i.
I There were many other stocks la whleli Ikoioiis bnyliiK was noted,
and which made substantial nalns. Some of the specialties that had
been prominent In the recent tradlnc sold off under realizing, and partly
because of the eonrentratlon of Interest In the shipping sharps.
, Industrial Aleolad and Ceneral Motors both reneted mole than -
I points, hut rallleil In the late tradlai;.
1 There was heavy trndiim iiKaln In the Liberty Issia ., with those
boliils showlm; a steady tone, the ilUs si-lllriL' nt !S. ! t to !"."".. The Is
wero heavily traded In at !ir..so u l:w.
CURB SHOWS BROADENING TENDENCY
IN INCREASED OUTSIDE INTEREST
' Mining Group Attracts Attention Because of Buying
From Strong Sources Standard Oils
Are Heavy
NI3W VOItK, IVh. t;.
There was a belter tone oa the I'mli. with tr.ulluK In many aionps In
Increased volume and outside Interest showed it liro.ulenliiK tendency. ,
The minim; Kroup attracted more attention because of buying of
many of these stocks romlnc from strong sources, with llntto Copper
, anil SCIne one of tlio prominent fe.ttures, ndviiiietiii; from S?H to !),
followini; the auiioiluctment of the application for IMImk on the stock
eNchatiue.
There as Initial trndliiK in Washoe Copper at l', and li, with the
stock In demand from western nilnlim' Interests, who are nNo Identified
, with the Nixon-Nevada Company. NWou-Nevnda, which owns -Ifai.tino
! sliarcs of Washoe, sold at 114 and I fi-lH,
Subniailno lioat was also active anil stroui; .advancing to 14',J. Aetna
I'xploslves was traded In at fi'.i and Bf'i.
Chevrolet was strong In the eaily trading, ndvanelim to 121. but had
a sharp reaction to 118. Cnlted .Motor ranted from L'.'.'.i to "Jlvi.
Houston i)II, which yesterday sold down to 39',a, was traded In on a
larKC scale from 43 to 4GH-.
Other oil stocks wore irruKUlar, Sinclair declining from 22 to 21 and
! .Midwest declining from 110 to I0S.
Standaid Oil stocks were heavy, with I'ralrle Pipe Line selling at
2."." and Standard oil of New .leii-ey at i"t.'. anil ,rii;3.
New York Stock Sales
Itiffti 1.01V
Maska (lold M !,
'Alaska Jaaeaii J'-i
AIIN Clmlni Co 3.1 14
Alii Heel Sugar HI
1 Am Can
; do prcf
I Am Car l-My
. Am Int'oiii. .
Am Cotton (Ml.
, Am Hide & I,.
lo pref
' Am l.lnseed . .
do pref
' Am Loco ....
t Am Smelllnu. .
Ala Sinn Tub.
Am Sil l-'dy..
1 Am Siikiii- . . .
'Am T fc T... .
. Am Tobacco ,
I Am Wool . . .'.
Ala Xinc .V .d
Aluooiida . . . .
' Atchison . . .
! do plef . . .
, Ml O - W I.
I ll.lld 1
llalto old, 1 .
I IIUll Stfel
do pief
do prer I e, .
llroaka I !.' 1 Ti
Ililtte Slip, c
C.il petroleum.
do pref
. I'.Uiaill.'lll I'.ie.
IC.-rit I.e.iilii. .
do pref
US',
l"i'.i
LTl
AK
At.
tu
tll'i
M"s
AH'l'i
s:i
Ht-li
in
IlllHi
HiJIi
lHi
.-..I's
1 1
H.1
s;
nil.
fi
a:i
tai!!i
13 '.i
.tin
if.i
st v,
n;i
?..
Mi
.;
iiiiij
en
1 ii.i
In,';
Ulllli,
-V.".,
II
ilii
Hl-1,
SI1,
IIISI.j
ci.'I'O
.11
I'tnl.i
l.'lls
110 h
M -'
P.' 4
IV.
:ii',i -
:s
.1H!(.
KH
It'll
fill
Hill
liU'H
KiSTs
3 Mi
.It--.
New York Bond Sales
HlUll
Si. Ml
Is ll's
mi'i
Low a.p.m
!'. Sll'l
HI
-I '.4
Oi
-t Vk
-' '!.
:S.
11 I'd I'S'n
l!l tlli'n
., s,
II.-, I"
S.1 t
M'l Sj't
s: s"
:
us. .y
?( t I
s;i, s;;
us1 11-V
H.Hlj I'l'l
IS'4 "''l
11:1
so,
S3
III
11:1 T-.IMs
- 114
'4 1
,
II!
I I'll
III
t:,
is in
i.'-i
1 n.i
I chandler Mots s:P.i
IS'.i-
!l.l--
IMir.sTltlAI.'.
1I..1
lli.j
:i
:iM
:t
OS
311
nu
Vi
is
T.t
l
s
H
:iy
V,
Aetna Kxploslvcs . . .
, Aiu-Ililtlsh MfB
Am .Marcuid
Amer Writlnc Paper
Air lleiliivtlon
Canadian Car C
'4111 Car & Kdy pf. ..
Charcoal Iron
Chevrolet Motors . . .
Cramp
Curtis Aeroplane ...
Carwen Tool
Cailwin Still
, Kiimrsun I'hoimKraph.
I'cueral Dye
Henilee Mfp til
' Inter-Lulie t
: Knthodlon Ilntnzo pf . . .
'Lake Torp lloat ST
I Lehigh Coal Sales ... 7S
I Lima Loco 40
1 Maxim Munitions
: Marlin Anna "0
.- V fhlplnilldliiK . . . nu
Nor Amer 1'ap l'ulji. 41,4
I Otis I levator .11
.Peerless Motor ID
I'nolo llni; SO
I Itiddea Truck
Scrlpps-Hooth 3
I S S KresKe 'l "0
Standard Motors ... 't
Steel Alloys
' Sulimurmcs
St ,lo eph Lead
I'ralrle Pipe
Stand Oil California. 3.HJ
Stand Oil New Jcrsry.SU.I
Stand Oil New Voik.311
Todd ShlpbulldlnK...
TrlaiiKla l-'llm
.I'nlted Piollt ShailnK
I" S Steamship
Cnlted Motors
fnltcd SuKar
World's Kllin
WrlBht-Martln Air...
Zinc Concentrated,..
v.
.. Pin-
( K.I I-1
V4
i i.Mti:pi;M)i:.T 011,
3 ,4
IS
in
HI)
X
US
3
!l
St
4
IS
3S
3
1
S!(
Sll
30
:i
is
17
111
311
73
111
:iVi
111
131
Midwest Oil
Met Petrol ....
Ohio Fuel
Oklahoma Kef .
Itlce Oil
S.ipu'pa I'.ef . . .
Sequoyah .
Sinclair
Called West oil
-.Torus (runt.)
Vest, eli.s..
.Uk ..
lllll
K- Ohio.
'Chi M & Si P
do pi of . .
Chi .V: .Voillnv
'hi li I fc P I . 311
do p e I e S3
1 hlli Copper . ,11111',
i'IiI'o Con Cn 1. iii
coi I'll,. I - lion.l7".
Col I ins iV: i:ii.- as
1 'uiimiI 'Jus . . !I3:,
Coat Can . . mil,
Corn Predint.-. :nin
do pref . . tilVi
Clllell)le Steel. .1714
Cuba Cane Shr aia.
I Del A: HuiNoll. . 1 1:1
Distil Septuples 131,4
Krle in,
liaslon-Wnis. , . 37
1 ! 11 Die Co. .l37iN
lien Motors . ..l:iHia
lioiidrieh It ! . Ill 14
1 treat Nor pf. . HI!',
do subs 3-i,
1 Illinois Central !Mys
1 Inspiration Cop ISi;
I Intel lior-C C pf .l,
J lut Mer Marine 37
do (iref .... !p,.i
Inter Paper . . . 3314
1 lilt Nli kel . . 3S!,
' Kansas city S. 17
Kennecott Cop. 331;
I L.lek Steel . . -,-j
iLllllKll Galley. Sll'li
Louis ,t N.ish.lim,
I Max .Motor ... 31
I do 1st pre! . . ill 'b
1 do 2d pref. . . -jfti),
Mex Petiol ... tiji-i
Miami Con d.p 3iiTi
IMIdv.iI.. u(,
I Missouri P:ic. . 33!',
1 do ctfs IM4
I Nat c : Cable 1 7 r.
I Nat i:i & Stpd IS!',
j Nat Lead .... I7T
New Vork Cell. 71
! N V X II A. II. an
I'll
III,
III
I.VI,
H'j
111)14
- .
HIS
s:i!4
S.'l,
1 1 1.11
71
li.l'i,
l!l,
-V.'!
I'l'
I3'
37".
31
III
I'll ! 1
3.1
!H!'l
Sil'Ss
a;.
113
I3'
I Ml
33!',
I3S"',
iasi
11
tiiij,
'l'.tU
M,
IS!a
I I'll
31'.,
t!4
m'ti
'.'S'S,
17
33'
sin,
1 1 1 !4
ami
at
33 B
!ll'.l
miVi,
11
33!',
IH.
Wi
hid
.107
'.'4
. 13
. 71.
lllll
K!4
'li
.MIMMi STOCKS
a'
3
Alask-i Standaid
Atlanta
HlK LciIkc
lllsbee Cop (a pros),
liutte Copper & Zlac.
Hulte New Vork
Ca & Jerome
Con Arl?.
L'mma Conmlldatcd. .
First National
lioldfleld Merger
(ioldllelil Cons
i4 I 'lol'ltleld Plorenee . . .
liolillield Kewanas- . .
I Cieen .Monster
' 1 Heel., Minim,'
Howe Sound
I. dependence Lead . .
.Itronie Verde
.Ilni Ilutler
.luinlio lixtenslon
73
OK
II
la
I
II 's
If,
1
it
)'.
'Mi
3
03
13
'S,
ills
an
1
IS
s
at.
1
Nolf ,:
Noith Pae
Ohio tins
I'.iellle M.i 1 1
I Penna It It
Pen lias ti C. .
I'hlla Co
Pitts ,i West. .
do ptef
Pitts Coal . .
Plell C-AttoM...
' Piessed st Car
Pullman Pal c
Itwy Stl Splint!
Il.iy Con Cop. .
Iteadlni,- . .. .
do 1st n if . .
I!ep I & S ....
do pref
Itoyal Imti h . ..
I Vh ' Saxon Motors..
1 it ' Sloss-Sh S .; I
i7t 1 Sinclair Oil . .
! Southern P.u-..
Southern it It.
''I-33 do iref . ..
1 Studebaker . . .
Slip Steel
U I Stutz Motors. .
Mi 1 Tcnn I'iiC -l
a'i,
l!i
U
?
Mli'i
I Mi
Hi
1 1! ' ,
It'll -r
IHH4
lie.',
MS
S.'l !4
S'Mi
13
II
:l ',
l!i
33',
I II 14
l:H-
as
Il3"
tin i, -
M.Ms
lll'i
Sll
31!,
I 13
13 '4
IMi
37
1 an
1 an 'a
1:1
i!i
37s
!ls
IS!2
ll'i,
3ll's
!I7T
a 1 'i,
3Hia
17
:i;l
Sl'l'l,
1 1 1 !4
31
fit
!.M
! I !i
::iith
IS!,
33 ! ',
un
I7',4
II
IST
70(4
30
Si
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r !i
I'l,
t.T'7 1 Aimlii-I'rrin h
l'lim Amir If 1.1'
37""U Am Ker Sei
:i'io .tiwr Sin lief
ii'i'io Aimr Tot ,t is.. S3'
."nun 1I11 .Is .1 . . .. MS',
limn Armour l's.. hft'i
i I Aliiilrnn vi-n Ik. . M1,
W"l Unit I'hln ,1's. SC,
Ml"'! 1I0 .'. S3
fiiill'l 1I11 Is s
I'li'si ilo ev I'm 7mH
II Ilkbn I! T .'. till" !l.".
lii'iil Mush T.r IIMir 3s, 71
l.'llllll llnril-IHU a ss
1' Can lloit ,'is IH2II.. te.'l,
.liillil iln .', IIMI Ill
auiio Cen Leiiiler tut "s nC,
Hum ), a nbi ,v Mas 70 7 ,,
3IIIOII .In iniiv 3s... . 7" 7"'i '
1 .nun rhi nt w, Kt t. . :.si, :. '.
aiiim Ch II A j joint l ICC, I'.'Oi ua't
lll-'il I'll In. I It Wist III 'HI .il "".
..I'llil C 1USI' un Is .'Ss 7i'i 7.'i
O"0 il.i .1 Mas .... 7l'j 7l'i
I11111111 I'd It 1 . I' rf.l Is. '17 fill".
H1111I id, 4s 77'. 77'.
i'llim Col 1 11. 1 .'. 71'. 7l's
limn Col K- South IHs.. fi'H, li'i'i
71111110 flu i,f purls lis.. S7 sip,
I111111 Culiiin-Ani Sim 1'.' Inn inn
limn Corn 1'ro.l 3s 31s. lis lis
103 11'r.niti It'll 3'as. 11" mi's
si (in Hi 11 CI. ilih .',.. !i7'i H7
aisio lliillnn.i Sin I r.s.. S3', sj',
2111111 Int. rl lei i, . 33' ..:,'
I Ine 1I1 It T f 3s v s
11711110 bit' r Mer Mur i.n. nl', tfil'v
Tii'i'l Kim I'm So 3s . 77 7.V.
anon K Cili Ter tl Is
;' l.k Sh in li li .11.
'.' Llir ,V it T ,".s. . ..
3,l'(l"ll l.llsTtj 3!is . . .
SSS"llll iln Is
ISIIIMI (III . Is . . .
1 null l.vnns ns syi,
', 1 M.nihitt ill Is . . . so
"limn M.irs. Illi s fis .... ss
I'linn J 1 w of I'lil 3s S3',
'.anil Mn I'le u 111 Is. . ."is.
tnim Mnnt I'owr 3s... Ssth
.'lied N' II T. X A. Mi X Us lid.
ITiioii v v c II Us n:i
.'"'in X V I'llv 4'is Itl'JU I'"
.nun ilo ll-s linn . . 'ill's
limn S'V I'll 4'is Mv '37 I'.'.S
11111I vv It's II P 3s. S7'j
V V U' ."is .... 1st,
,111111 Vor I'.ie 4s SIH
limn p.ir'ii, T.'t ;,s . . iiji,
.'tniin ilo ,n 11 I'ss. . so
.'tnnil ilo i 0 I 'lis . ... lis',
ISOO'I t'lTi' lnri'ji'lle 3s SOS,
.'i'llil Ufiillnu vn Is.. st,
lll.lil It. 11 I f. H .'is lis
vnim Sltlel.-ilr 7s Ssi
37111111 1I1 rt.ir 7s . ... at
aiiim st t. I M i: (I Is 7n'
llnnil si t, S I Sir A. .'''
31'lHl ilo Si r II 73
IsMi'l S'.il'il A I. sill ,a .V."i
It'i'i'l Sotltli I'.n et Is . 77's
'.'noil .l.i evl ,',s s'll,
I'l'l'in iln rM Is s.
:.nt"i sonih itwy cn is i.iej
Mil.
I'.t
7I'
i.'IS
ii'i'i
Ml'.
pill
!'s
!'7
111'.
711
si.
li. I
tis 1 1 (it on ' "0
li'i.tiii n.'i.so a'l.nii
1111..V1 ii 3S iw.iii
s7'a vTt I'i'v
I Sales, in Philadelphia
un !i
IHV&
13'S.
33
ia
III
37 '.4
ii
JS"!
3H
'aii
ll'i
nil Vi
I1M1
.11
ni'a
H.IS
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is',
113'-
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'III
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miv,
VM
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n.'r
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SH,
'Is
ssl.
Il
7'1'i
lluh Isiw
30 Am Cos. HI Ht
30 llrlll J tl to 5
Comb Irn
In Con T N.t flfl'
80 Mice Stnr PMi
III Dlst Sec. I'M.
Ins C NA ..
SO Kenne C 33
' 1)3(1 Lk Sup C I Hi
II.M.eh N'av (II
audi Val. 37 14
N I 'en nn. ..
373 Penn It It I'Hi
lo Phlla l'.lce 3.Mi
30 P II T I e 3S
Ton Ilel. ..
313 Ton Mill, a'li
S3 Cu True. 1 1 1ft
130 C (!!.... Oii'i
'.10(l IT S Steel S!4
War l&S. ..
W .1 & S. .
Ml) W Clamp 7314
130 Vork It pf III '4
tljllntatlilll Klvell
IIONH
lllktl
Slllllll llelh Steel
1st 3s. Slli'l
mini) City Is '.IT K
.'nun Interstate
Itys Is ll'i
I noli Key Tel
1st 5s. h!i
I nun Lk Sup
Ine 3s IK'.i
3700 Lib Ponds
3'jH... IIH.0H tit. HO
Mini do Is... Ill) OS. 10
730 do 1st Js 1111.30 liil.M
looo phlla Kim
1st Gs. li.'.'.i Mil
liKin P.cnd'itK
Kvn I s
1330 St I, S
I' tem
Is ... Sll
33110 ilo temp
Ine Us so
lion do temp
adj Cs. 01
Set
rlofe ci
M 1
30 '
ttor, ..
Ofli.4 M
4014 'i I
iiV 1 1
Mln
33 I !
Illi '
(11
31 li -'i
Mli - '
!.Mi
3S
31i !
"i " ,.
ntii -
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. t'.i '
TURNOVER OF STOCKS IS UNUSUAL!
SMALL ON PHILADELPHIA EXCHA
Transactions in Home Issues Confined to Odd I
and Price Changes Are TriflingKeystone!
Phone Has Good Year
ISli
ai
1
The local shale market was smalt and
uninteresting today. Only a few, odd-lot
transactions occurred In the homo-Mocks
Ciat channel! hands, and price chanites
were few and trlllltuf. Lake Superior
Corporation Rained, a half and Vork
liallwiys preferred lost 11 half Penn
sylvania rtallroad, after Martini,' un
champ d, was a little higher at MU.
Other Issues In which small sales op
curt cd were Storage Hattery. Leh'ch
Vavlnatlon, Millailelpliin Llectilc. Cnlted
Has Improvement, Cnlted Companies I
New Jersey, William Cramp and Itapld
Transit trust certificate. Virtually all
transactions in these stocks were nt last
and they
li
xo:!i
.IK
41'i
K'.l
IS'.i
N"t
1 Ine .
HO'!
OS
14
8 I !4 Hlli
30
01
41'i
S!l
IHli
D1.H0
tl.l.SO .
JII.30 .
0314 '-
Hlli
:,fe . .
Sll
!':",
i'i'.
ilo 3s i'."i
nniin T'xss c,i fis ;'.
"lion ftiili I' A l.t w ,1s sVi
r, 1 i" tf Itii'iiier 3s.... 7n'a
lliliil I" S (loM Is n
lo 1 1' S Sl'l s f s.. O'll.
1:0011 t'tilon f e 1st Is . ss s,'s
s f K of l II - I 3 "'' "'.
1lnon ilo 'i'ss I'H'I . 'IT'. "'I't
simin il.. 3's 1'H'i n. iv l''i' "'
imoo .10 Jim 1'i'M . . '", '"'-
1 V. Iiv ',s . 'll. "''
110.11 W.St I'lerlrle 'is. Ill's '17'.
tnim w.-st Colon 3s . !r.". H2V
vi',
tic
OOS
ss
IS'.
'I?'.
I'll
III'
ill
ll-l
INACTIVE PIIILA. STOCKS
Mocks listed on the Philadelphia Stock
I KxchanRc and In which there were no
transactions today. ,Tha prlco Riven is
Follovvlns nrc quotations for inactive
the last previous close:
,1 rt ft ta
S
1.1
!!i
- IS
as I
Leaf Tobacco Statistics
'S'll'lSTO'. I'iIi C. Spitlrs n'
'.if lob.ice" In-Ill hv mnniifaetii'ers nm'
lei. I.rs III lb.- Cnlted Stl'.-s oil llimlirv
-' I. I!"S. as iirepai.-d bv the Cnlted Sl.it"
1 lliiieau of Census, show licit the in.-iri"-I
irate amount was l.l" 21 fiS pound"
' eoniiiared with 1.04 1.Hai.inst pounds on
I.muaH- 1, 1917: Line, 133.373 pmniils
'ion April 1. P.H7. and l.lSl.orill.OSI
It , pounds on October 1, Ml".
' tv's ilose. inlelit h closlnir nuotatloti;
s jesn endell Hu. session without materia!
change.
Sttel sold off, fallowing the forenoon
trend In New York, but took an upward
couri-e In the nfternoon. One small sale
of Distillers' Setur.tles was refolded at
4-, off a full point. Lehigh Valley
lost more than a point.
Outside of Liberty Loan 4s. the dov
ernment's new war bonds did little, but
all of them were lower.
The stock list committee hart todiy
admitted to the mil sted department of
the exchange 23,!i85,!)".'i capital stock
of the Philadelphia Klectrlo Company of
Pennsylvania par value $25. counter
signed and registered by the Continental
LVpiltable Title & Trust Company
transfer nguit. It will be printed on
the tape PN.
Tlie Land Title and Trust Company
' certiorate of deposits of stock of the
I Philadelphia ' bctrle Company of New
;.lcisey will be stricken off the unlisted
; di p.ittment of the exchange at the closo
of business next Saturday.
Commenting on earnings of the Key
stone Telephone combined statement for
the year ended December :ll. Ml", which
showed gros of fS39,S6ti as compared
with ILIT0.lt.; In MM, net of $TI7.IM
as compared with $ 72.1,!) 2:1 and suiplus
of $II2.1TS against (.199,823, President
N. T. Knlvvcll in Ida report says as follows:
4 I
Vm fins Wnr..
AMIanri- Ins...
4 mer .MOI
vni'T Itwy ...
Itwy rL .
III
i
an
HS
33
'mT Htrres
m r stores T)f. !
Puff ft Siisi r c Ss
iiuir t. sus'i pt iii
''hill S' ' U'."
'iitawlrsa 1st pf 32 .
1n Asph.ul I 1
den Asphalt nf la's
lit II T 10
lit A- II T nref. 17
ICvslon" Tel. . . fit
KOBtnlie Tel pf 17
Kty Tel Ut lit. 17i
I ih rtl Tr SO
t.'h Val Tr pf :!7'4
f V , e
l.en .-s:v ''s"- .. ,,
(full tial'b ";'
I.. Il Nnv wr T 1 J
Lit Htos . .- r-J
l.llts SehUvlUlll ;-l
Mlnelidl . . 2i!?
North Cent ... "'
I'.i Salt MfB.... M
IVnn Tr.lftle .. i
I'llll.i Co . .. ?'
I'l.ll.l Co pf... 35
I'h'la Co rum pf .I'i
PUT J.H
Phlla Trueilon. ij'i
llwv Co flfn . 4 .
ti H Ftert tlf...M0li
Ve"t Coal n
York liny '
"The-year just closed has VM,
presented the most dlflleull ,
ever inceo oy .mcrican Indumsl
Kiently Increased cost of ..rl"l
every channel, the scarcity of Sj
shortage of material, logon,.," 1
hugely augmented demands on.
c lines, nas i.iiieu ror tile utrao.l
nultv III managcnienl Yet vl
Manning ine perplexing condltiZl
rollnibni' Us. the lnrri.n.. i .. m
of telephone stations has bemVl
est since 1900, with the slnttJ
in .r mm tl ,. . - r,
'"", ."',n ,.' "J .' Ponio, ,
Al" ..'.. ....... .."".; """ m
iiinii inu kii".lii oi siaiions. tvI
'.eon true, not only over the ?
voted to Industries d'rertlv nr k?l
irvn titi'f fid vtt li ii'iih i.il..i,i "'ll
our linoH In ivciy iltnctton aVj
1.1141 1 I lMJ '"A
"The contract for the van .
cess conduits by the Ph'laildptkl
trie Company wns finally at.1
the Public Service Commission hi
and Is now In operation. I
"During the year the total CiiL
pnil lures w rp J371..U. A Ui
nf that amount was provided out
InCe cred'ted to the renewal r
I'll... I -I.a l.ntn.i.A ...... .... ''
e sale of bonds of the comcim.
amount of $100,000. This brw
total of Keystone Company's W
to dato to $, 52.1,000.
"In addition lo rapidly l
r.l.1 rrill.i i rnnts wo ),ne.. l.n., .
-.,... ...... ... .... .....,.- ,...,. ,..
very large Increase in taxation hi
and general public purposes. t"l
,.,...U .... I,.,u I....... . 's
I e serve. 'I
"The 1M7 surplus was dim,
follows: Discount on bonda in
ainieii to renewal reserve 1 .7
added lo surplus, (100,(107; rZ,
oiviuenn oi o per ceni, SI16 2t1
"The surplus December 31 iih
SOfl.lUT, nr n total of (1 02J,fif.
w men was oeoucieil zh nor .
.1....1 ...nn.....i ... ... "l
"'". i'.ijv. nu uiaiiii'iuve I..
' ' log balancp December 31 luTi
r.o,s . m
IIAK SILVER
I's
TO'I.IJ' Ye
i.ni'ii..n (tf'' ) a 31
N.York I. Is ) Mi' Ml'
in
23',
I nl4
P
!!.
mi's,
mv;
3S',i,
111
33
33
3 .
07
IK
37!i
."!
117
1 14
311
1 113 Is. 111.1 U
s.lli S3!
,1IH 4
33 i
us
ins.
3 I'S,
Hi
Lust ll'ts
Weil. Ilk'll I.O."
431, 431, 41
Mi1 no's sii'n
INACTIVE NEW YORK STOCKS
Following nre ouotatlons for lnactlv
' New York stocks and In which there
were no transactions today. The price
given 13 'he last previous sale:
! AO'im" tlTriri-ss.ii.. M.inlnitti.n m
33",
'!:!
13H-,
33
77!-,
!)'!
Ill
131-i
:I1 V,
Mil',
2.114
3li'l
33 ,
:l3!s
11
1! 14
Tcmis & Pat'.. 11-1,
T.aiih Co ....I.7K
"iiiaici Pi ol. ,-,.i
Transue Win. Ill
Twin City It T. 3!
3!4
fit
II
ails
03S,
111
:!
7I,
33
l'i',4
till
1.1
'',
1 3! 4
3d !4
Hl-i
331,
311 ,
3i;
:i3!
I II I'i
Hlli
IMi
137
31
10
fi.1!
II I
371. s
li'.vj, as
II? r3
33", K
'.'S,
71", I
33
HI"', ',
illi I
13 I
:!i !i
1314 ..
31 -1- li
SI 1,4
33U a.
,-,.11, I, J
3J i),
:tl! "s
Hi'!', a,
I il (4 i,
I1'i - li
1.7714 Hi
31 !4 !
Ill ,
Aavntim Hum.. ..!': M"c I'et nref.. ss
.dvn'"i Hum pi ;' 1 s I' s s .vi . vipi
Aliv l!ul.l."r... no Mm , s i, nsw u
Am Acrt lietj. 7. M .si .Ja j) MiJ
Am Cnr 4 V I't-W' Mleli iVntrnl. . .Ill)
Am Impress . 7'l Mo P.ie ctfs... 41
A 111 Mult " J .M"iil Power . . 71',
Am Malt pr;f.. 31 Morris Jt Ussex 30
Am Hrr-lt pf. . lo.4 vat Armo 39
Am Smlt rt A oo'ti .V..t liist-ult pf. 1,111
Am Sin.lt II"."1' Nat Cloak it St. 30
Am Sus.ir pf .ici'l Nit cm A s pf 1110S
Am Sumstra pf M N.it con K rid. t.'.ii
Am Tot. pf new sil .Vat Ln St pf 1111
Am T ft Cjl'f. ..1 Nrt I.e.iil r,-f. Ill)
Am Tl k Tel. in. 1 y Air llruke 133
Am T ft T 3,1 pf I'2tj N n Tx Mex "O
Am Writ Pan f '.'t N v I) .rk .. . 1114
Am S'll.. J. Load N 11 v. j. ,,f ,
pr.f H'4 N It II t 3,1 Jlf .,.
Asso f O lt Pf r.'J. , NV.rf ft Somh. . :'1.
"i ' C.nr.f, . vv,,,t t 7S'.
4414
ell
i:c.
4S
All tllrm ft All s'J N-or,i, Amor .
All roast Line s3's Ohio ejus lets
..it.'. .,"11, or'.. ." .nio I uel
Unit ft Ohio pf. R.1'4 iim sii.
Ilarr.'t C. Pf. ld'l llveliln It...
uimrllis Jlln.. t nwnf pot nf i,ls
llrklvn tin nas lnx Pan-Am Pel nf nn
llrrwn Shoo ... 113 i-nn-A n P prior
llulterlok IflU pref rt '"" as
Cnl Parkins f'i an p,',lrH i;Li'' ,114,
rent s Am T. .11514 p r r j. V L no
rhl ft Allnn 7 Pu'j Ni-rv (So if liiu
Chi ft Almn pf 2.1U. r....,l nB 2,1 of 37
rid ft N W pf 13'1's St L I H T ' ill,
rhl ft (!t West . C, St I, ft s l- i'f' Al
cm & nt w pf 20 st t. ft s v 33
flllctt-Phd pf 111) .iil..,sr,l A I, if iilli
rol ft South litis. ,,, Itoohu,-; V-, l!
roi ft So 1st pf 47". si-irs-iin. Jif Via
Col ft So 2.1 Pf I'.'S Shnttui k AHi." iti
romp Tab llee 27 S . p H Suear..l4S
MONEY-LENDING RATES
i;w YOltK Call money opened to
day at 3'j per cent for lending and re
new'ng. The Influence of the llovernnii Id's un
t.retedeiited war operations icnulrement.i
continues to be reflected In 11 Mulct
market for time fund-. All the arbiters
of money lates nreouletly bringing p-cs-
lire to have the monetary position made j
as ll'iuld as possible on opcrat'ons non- I
-ser,t?al from the war viewpoint.
The trading late today on t'lii" loans
011 Industrial collateral was ('. per cent. I
A iiuulatlon of r. ' 3 li per cent on
good mixed secutlt'es was nominal.
Prime bank acceptames aie (pilot at
t'i'i it-V ner u-'i for prhnu nTntiber '
bank bills.
Prime mercantile paper Is Inactive at
S'j'iiii per cent nominal figures.
PIIII.ADI',' PII1A Call, per ctr.t:
time, f.a4 '11 fi per cent. Coinmerclal paper,
three to four months, ri'4B4 I'er
cent: six months, 3t Bai per cent.
I.DMION Jlnney on call Is un
1 banged today at 3'i percent. Tho rate
of discount In the open market for short
bills was 4 1-32 per cent and for Ihrco
months bills. I ,', per cent unaltered.
L'ndcrwrilinj Syndicate Dissolved
Ni:W YOltK. l'Vb. 6. Tho syndicate
which underwrote the (10,000,000 of one.
year ! per cent notes of the American
Telephone and Telegraph Company was
dissolved yesterday and checks were
mailed to participants hy J. P. Morgan
& Co. The prnllt to the underwriters
was in tlio neighborhood of 1 per cent.
GOVERNMENT RONDS
21 riclKtereil 1930 ...
2.1 rnui.nn 1II3D
.Is reiilHtcre.l IMS ...
3. coupon ll'ls
4s leslstere.l 1923 ...
4s coupon 1923
3s reKlstrreil I9IIJ .. .
Is coupon lliin
Panama I's rruislered
Panama 3s rrgtsteroil
Panama 3s reRistere'l
p.inuma .is eoupon so ..
Hid Ask
.'... I'"'. US
H7'i ..
tm mi'.
nil nu',
in', lord;
iii.i liifi
hu
so
liinn ... in;5; ..
lii.is . . . i.is-i; . .
noli ... so
LONDON STOCK MARKeI
Tone Irregular, Although Son I
partments Display Firmnts
LONDON. Keb, C The tone J
m'h'k exciiaiige marKeis was mt
today, but sonic departments irl
! tlrmn s Orand Trunks vver ll
I on i t, ctlons that the road
tit'iu' . uy ine tiovernment.
iirazin.-in iicscrintions vvavml
cause of the adverse position A
tiu.iiKe, ouiwuMsianiiing increasicrl
'"r"in '" ne-'oi lium inai countfr '
Chancellor of the I3xchenu'i
nnnnuncement of the nnnnlni...!
committee to conduct a Governmel
ijuiry iiuo ipe (icsirai)IIIty of cottl
amalgamations brought about a rol
in oani. snares.
Shipping stocks wore strong.
IOREIGN EXCHANGE
NT.W YOltK, Keb. 0. An Inactive
fi.ielgn exchange maiket was featured
In tho early dealings today by a slight
shading In French exchange and con-'
tinned heaviness in Italian exchange.
Scandinavian exch mgo was easier. Sterl
ing and the nsl of the market, while
dull, showed comparative steadiness.
' 't' 'lis vveie:
Demand steillng 1.7." B-lfi, cables
I in .-.ii. .inety-day hills nominally
1.71 ''4 : sixty-day bills 4,70.
IHli COLLECTOR OF INTERNAL!
RLVLNUE for the First District of Pennsylvania,
in order to provide additional facilities for thel
purpose of rendering assistance in making out and
tiling income returns, has assigned several Deputy
s-ouectors to tnc up-town office of The Pennsylvania
r,... 4"' T .. r . .
suuijiauy iui iiisuimitcs on Liives and (Jranting
Annuities, at tlie southeast comer of Chestnut and
Juniper Streets.
This Company also offers its services in assist
ing in making out returns, and will be clad V
furnish such information as may be required mI
application to eitncr otticc.
THE
Pennsylvania Company
for Insurances on Lives and Granting Annuities
S7 Chestnut Si-i-Mr Southeast Corner Chcstnd
and Juniper Streets
j STANHAItll
'Illinois
,0111(1
imiki'i:mi:nt mi.
Harnett Oil & lias
j Cosden & Co
Llk Ilasln
Federal Oil
' Inter 1'etrol
i Houston Oil
I Merritt OH
s.-.i.'i. ...... i,,.- ,. .. . i.iii v ,. .. .i.i-.k i.i h i.l'.L . . I on u tl l. 1- ill sinnn Mill.. .. u.i. .1 "i ; M.iv-illY ulna t.iv.
..tiyiiiiw, I""''!." .. ai ..7 33 ifniterwil Tvne.lOi Inn:, in. . f eint Int Cnl M 17 Sluilrhnker nf . in . l.V.o,. , .il.les r.7011. .hecks 3.7211.
.""m!" : Snf"rir..::::.-M .. 2S ! -!.... i....., ...4 n.i,-,i :.T.rlrr r.fv r.'. vww-vshI " -1"-ss,j'-r ?-?j,- i
,. Mines Co of America II' ii- "" l'111 "' '" -t! '"3i I '"". ' . '.-n ""'' i. iron pr 114 .-.i.-s eana-M -i.i.., tin-. or ...... ,
" v!"..a '..,.,. A,1Kr"a' ''" '' I t',,1 (.,. suaes nibK. !M.1. n 1 - .""." I"" rf. 1 Jff. .''":...,... H ' (iullder cables 41. checks I3ii.
?,', ?,'.': Nevada Wonder "I;;- 111 1:1- " I Cnlted Fruit. . I3S!, 137 Ut,-y. tieir'oit rd'iiori'123 T gt 1. ft w. , .: 71; ! Pesetas cables 24.15, checks 24.0.1. 1
.is ,, ..,., '' 1 c s C Ir P& F 1.1 I.-, ii Home Mines 0 Is'LWctfs su l'liliio rallies nominally 13!i. checks
' 1. '1 'ill Ohio Copper .'.'.'..'.'.'." )'J jj 15 I Hind Alco.lSKKj l-vii I3.vr, ?', . .:riSLMnrpre,Lt' l'5i? T. m l' '.'Il nf rt. lit ' ,, , , ,, , , ,, j Clliiiiii
?" ' . " Cay Hercules 11". 1!' ii C S ltubber ..3H, 37 37a, at , r.d M ft S pref 2S'i ! ndyrwii t nr . lnsv, Slotkholm cables 33 U. cheeks 32',. H '""""" """"' UIIUHf JIIUIUUU rilUIl
ii',. . .. " Tn- :.:::: ti" m-"-,!' .u0iiHti.M..tou io.H ..; lafPi: iniiiypwi'ij" '" -u. checks .,. ii
io -1 Tonopal, IMenslon.. m 1, C S Steel M! l i.?i ,B ""Prf '"" InU, . Pap n'rd tk ntvif rtPniT! P
,0 '' ",, CnitedVe.de 37V-i 3S!i ,. ,I" 'lM I KIM. Ilo'.i ll(M,a (j ft'" X ;;ni!,,i it'lMJv? 'Jlj HANK CLEARINGS
.,T ..'," .,'," We t Cud Con 73 so xt I tali Cop M3'(, sil!', sji, 11-. 1 tlnriman Corp II Js'CTs',1!, Il.mk .learlnus today compared with cor- ts
;' ,'.s tU wi,..e oaks ....:::: :: 8., w.,Hi,nf.iA. i, uj, ..!. ! fi;v f:,,-;! : r p " " -'"""'- jir,K"iHi '"".pvi-"- mm m
While Caps t, u, k. 'ren it I!.. Ill I.Vts l.T! '; , Itomi-stako .,'.811 ', 5 !,n.J. ,'." K -'L'.l I'hll.i . .jll.'.n.2.43 J37.1i3il.3S2 ltti.43s.2H2 H
lYeiinulon in 11 "' 1'rct 38 37 3s -r'! , Inter Cons rro 7'; ,, G ;::2 ,'.' !mD ' Ni w Y'K Ii2l.273.7ii2 7..n.4..'.-.i:ci ii:i..h.i.iki s
' " " ' " " West Marvld . liai ii.i- na "" "" N J. .121114 ' i.,"'Vy Imp so P.osi.,11 . . 3(i..nis,722 .1s.n4l.3o an.ltiit.tu B
IIONns ll' 1 . I P 1 10, .,;"' . Jnt Nilk" p.r" ,n f tf sTll iVrf ui ll'Ubnore .1.3"3.:is2 7.2S4.1i7n il.337.llsr, g
1 imns West Pac It K. I1 1117, hit, , :)' lima Central .. 2D 'iih s?n Cnti, i' i. Luuls 2n.1i43,ilnii lti3,lli; 11,1117.011 p
,,. .,, est 1 11 1 ei . , ii. nil". 1 )ti . ft. ' '.'.':.' ,r,v .... .res v ..nn r Jt o -.si 1 ' " i
- 07!i Oiri 07')i Westirhho .Mfir. IH4 ma? ..T.' K'I'r'SPfliK. 44. . n-'slsSR C 'J ft 1
" !" " Woolworth ...ntiil 1 no i.i?Z i?, nTe .il" tP ::V!h vi "' 2.1
' , It " ; do pref .... Ill 7S!i 7!) MHk.fr. ..''S ,,?.. .
'" 30 .. wis e-enti'.',l -is -.'.,. Vnelenv Co prf .',7 VVl.li..' t. "'..,'
. . DIP! I. U7C. .. ' "'
..IS S3 ..
. . OS till . . '
OIL STOCKS.
. .1HS 111.1
..330 333
cash working capital
13 i.i
II
21!
Ill
3
13
13
23
Iletlileliem f.s
Cosden oil r.s
, 1 Cosd-n & Co Cs . . .
, Sudahy Ss
IttlSsl.lK liOVt .HjS.
Uusslau liovt r,!:s.
Southern Ity Cs. . , .
Sinclair oil (is
I Todd Shlpbldg Cs. .
ikV "'.., "IS JlEA
Certified I'lilille Arrountants
LAWIIK.NCB IS. IIKOV.YN 4 e:o.
KUTATK TIlllST lll.UO.
it JVDJItH'l- li.liTtei.dillli
conponvnoN' & uisputkd Accoi-.NTa
r'WVKUTlOATB
,'f .-
S1ort-Term Notes
II7S
113
US'
11.1 i
IT
0314
H'lsf
. Ull4
Is Inn
IK 'l
'III 11714
Ms ill
21 1U
Ji nui
ID 00
to nrn
i v
'is loo
22 S3
Ask '
111'',
PUS
4
n i
Hall-
per cent lJue l.,l
4h PaIIhi. till.. T, Sen. Mil n
S;Am T & T (ub) 4W Fth !!) ttn i
UT ,a"' Jilo,... ," suiy - nil's
'J. BAlto t onio,.. n juiy -in nm:
Iittriiensm meei. a
' lirooklvn Ran Tr 3
L".Cnailllin Pae Hy 0
7, e n i n ii li.. 4
tn' H'lwin.. B
OKris llHllroad... R
lvOnert Klectrlc.
S'i.llrnersl Klec'rtc.
Ullnur Harv Co.. .'.
, Nevr TorK i eni. s
lONew York Cent.
lav n y n it ii , r ,
! 'iA j'annivivann .;o. sin
. "fcPuU Kerv of N J f.
,ilUm Arm it M C 3
liHouthrn Ity....
'. .,,. .. n...i, fi
'.It ft UiiltlM-r. .... II Dee MM liui iiu.i'
llAr''1t,ah Mm-i.p Corn It Henl ". us ..?
If-tW-" " " "" ""T
IJ' .hlJHK.lU.-. UU EltAHK.Vr PECUIlITIES
tVAm Yirln See, 3 Auit '19 titi.
naio.r ren.-.i. ,, ,, -, -.f now
crnllne Qov., 0 May mi
Hv. of Paris... II flet 'l kT
fP'i of France RVt Apr Mil
ln nnvl,,. nui June 'ill 411
lan riovt... 3H Dec "21 411
or Bwitier, n Mr Ml n-iK
,"f "vpr s Mar '20 n,
C of 11;... s Rent mm put,
or .- ..,, j S--Y I 'l?4
'OI 4 l.s,4.U- iSOr '4 V4Sb
Kept !
July
July
Fell
July
Mar
July
Auff
Apr
Fell
May
Hept
pr
Jun
Mar
Fell
.Mar
May
Dee
Sept
SKCUR1TIKS AT AUCTION
NEW VORK COFFEK MARKET DIVIDENDS DECLARED J.tAtnZLZ
NHW YOltK. Feb. C The market for I Amerl.an licet Sunar Company, a dlvl- I securities today by Haines .v.- Loilaml
coffeo futures oiened at all advance nf j ''"I "' s P"r rent on tuminon stork for sold at $150, a decline of (he point's from
4 to Jl points today, with moderate '".,'. ,'"',bl" "'.'our """'v Installment, haat previous sale. A similar decrease
. ,, ,, 1" - p" '" '"e leuuiar 'lunrieriy or i-, was reco.deil in the stocks of the X..nh
per .em on preferred wan ubo deelart-.l. Philadelphia TruH Company, which
payiil.le April 1 to stock nf record Marti, in fhanKod hands at $15. Second and
Kludebaker Corporation, rouular of 1 per Third Street PasaeiiKer Hallway al
ent on common ami 1", per lent on pre. vanced a half point, to 217.
letieo, inuauig Aiarcn 1 10 siocll or record
February 20.
weatern Paclnc Itallroad Corporation. Ini.
illvlilenit of (1 per lent on preferred
lile In nuarterly Installmrnts l.ecmnlnie
c-j
.May Uept mrs 474 Y ,"". '
May Dpi Kirs pf !)sV Worllmn V ft r '
Man.nl. nn Hch 1 pref i .... . ' j.
NEW YORK BUTTER AND EGGS I
NI'.VV YOltK, lVli. II. IlPTTi:n tie. B
relpts. I13H tubs. Market steaily u.id firm. H
tjuot 1' "tis urn hmicf il. ...
Ut'.lJS IP eelpts, 2710 fuses. Weak. Hi. fi
in ii-jis rn:i.-! extra tlmis. H141?n3cj a
Mrsts l.il'-j lullf seeitliila. ri.iHOnr. white, g
, id 'n i!3i . hriinn, Il3uii3c; mixeu 1010m, 07t
i.'li .
t
1-4
IWt 1 , i,r,t.-5iW.iTiiffi I
r- trill t
transactions on the call
All purchases and sales of itrcen 'f-
fee on the New York Coffeo and SugarJ
Kxchamse for delivery tlurlmr tho cur
rent montl'i at prices exceeding 8I30 n
pound for typo No. 7, New Yoik Cof.
fee and Suttar Kxcnanitc standard, with
the customary allowances for other
U7t
mi'i
Hsu
jji,, (trades as provided by the rules of the
0,vJ exchanBc, are prohibited and all pur-
ciiases iinu suies 01 Kreen cuueo jor tie
livery In months other than the current
month at prices that exceed the quo
tation by $'0015 a pound for each and
every succeeding month and Including
tho months specllled for delivery, are
aiso proniiiitcti,
lno
loon
irm
II7S
11 -1
nu
I
02
7
H'ffl (I II., .4 D' NOV 'XI ui
Oonvrit).lft Into onK-trm bonda.
1)7
sin;
,3
7',;
r.i.
4.1
Inn
lno
nu
T.
t)4H
fijGrnu!ateu Sugkr Unchanged
JUIpT YOHK. Keb. C The refined
r. market -remains unchanged, with
rWnKre daffies iiuotinicnni? Kranu-
' IH' ..iHi ..iirper compmiy
Au,iut . , .
H' ptember
Oclobtr . .
Xovemuer
DcremlMT
February
March ...
April ....
May
Juno ,...
July .....
T.xJsi's
opening
s'JHVih.bS
S.SII
li.'oo'
8.V0
s'.4s's!ii
8.iiowV.ii
lentrrday's
Cllise
S.ll'J4t8.70
S.711W s.sn
S.sillis.S7
S.UlHiH.II)
S.II'.IUII.IIU
7.li.17.l)s
S. II, MS. OS
N.24hs.23
h..h71h..is
H.S()VN1I
H 110 tf 8.(11
Chalmers Motor Reduces Stock
NnW YOHK. Feb. C At the annual
meetlni; of stockholders of the Chalmers
Motor Corporation the plan calling fot
the reduction of the capital stock from
522 000 shares to 400,000 shares wen
ratified. The reduction In the stock doe,
not change In any way tho present out'
ttandlm: shares, a this 132.000 share.
11..1
i
I 1 ''nary 20. The aeron.) pavt.ient of
p. r rent win be made April 1 un.l the uthira
v, iMuni iiiiiuuii. auir 4 umi JCl0lsr 1,
Klnca County lilettrle l.lsht and Tower I
Company, regular quarterly nf 12 a ahare, I
payable March I to Block of locord I'i b
ruar 13. j
HnnieHtake Mlnlni; Company, reiruiar I
monthly of tifty tenia, payable l'tbruary 2."
Ni atoik of rtconl February 30.
lfartman C.nsiratl..n, ouartrriy of SI M5
pavable Marrh 1 to fctoik of record l'ebru-
llealrlee Creamery Oimpai.y, resular I
nuarterly nf -JVt Pr eept on common ami '
1. per cent on preferrt-J, bolh luiyable
February 13 19 stotk of record lMiruiry fi.
American Smeltlni: anil Itetlnl.iK Company i
regular quarterly of Vi per cent on torn-1
mon mil lk per cent on preferred. Tlie
common la payabla Marth 15 to noek of
jeiord February 20. ami lha preferred March
1 lo mock of record February 13. MiTC"
Exchange Firms Elect OOicers
NF.W Y'OHK. Feb C At a meetltiK
of the Awoclatlon of Stock Kxchance
'IrmB, held Tuesday night, the following
'Ulcers were elected for 1918: Presl
lent, Albert McClave, of McClave &
o.t vice president, Sol Wexter, of J. S.
nache & Co.; treasurer, II, IL Wlnthrop,
'if Karri', Wlnthrop .& Co. For bov.
STOCKS
7 alira, National Hank of Malvern,
Malvern, Pa.: par ttnu j-,,
30 shra. Guarantee Trust and Sato
De.si.ll Co.: par1 lllll) 131)
2 hrs. I'mvlilent Life utul Trust Co..
par tll'l) . ij.1
3 ahrs, eurant Trust i'o : par Slim, sno
1 hr. Ileal llatnlH Trust Co. pre.
ferred, par lino lno',
20 h. ItltlenhoiiHo Trust r,i. : ,ar
23 ahrs. Phllailelphl., I,f,, luauraneo
Co. ; par $111 io l,
3 shrs. Seion.l un.l Third Sin. Pas.
Henuer Hallway Cu 2I7'i
2 fhrs. derma. i Theatre Itealty Co.:
par IUI 31;
40 Idirs, United lias nfld Lleetrlc Cor
poral. on nrai prererreu: par
luo .,
3 ahrs. Youn-Smih. Field O. pre
ferred: par I luo
4fi
W
llO.N'DS
SSOl) l'hll.idelplila and llrlstol Water
Co., 3 per cAnt, First mort
care. :oupona January and
JuTy. Duo 103.1
I'OOO Monttomery Transit Co.. S per
rent. First ami retun.11.iff morl
Bane, Coupona June and lie.
itmber. Duo 1040
Equipment Co. Increases Capital
CHICAGO, Feb. C The stockholders
of tho Chicago Hallways Kciulpment
Company have authorized a stock In
crease from I2.ri00.000 to $2,000,000, nod
the directors have declared a dividend of
20 per cent In. Increased stock and an
extra cash dividend of r per cent, pays
m
There are twenty-three Directors of
Tlie Continental-Equitable Title and Trust Company
OFFICERS
JOHN I'. SKIil.l.l, Pre. 1,1, nl
iiiN5ViA,i,Ji'io,Kl.'.''1IVV' VlrV-ITeslilfllt
.IIIIIN VI I illl'l'1!,!, lie-l're'.lilenl t
i!!l!5i U' KlW.'iV"'''--'''-''"' "
I l" I'll I CH ... see. A Treas
AI.FHPII HVPtlos ir.. tiii. i!i.A """
IIF.MtY I'. STITZi:i.l Trust nfflVrr
,,.!s.!a,"t-V.'.l.'l:!'.N'- 'leal Kstat" onfr,
.,,,, -- ..
Olllrer
DIRECTORS
SAMIICT. AI.COTT
I'.nWAHD F, HIlAI.i:
Ai.Fiti:o n. imiiKi;
JOHN M. CAMP1IULL
JAMKS Jt. DALY
THOMAS UKVI.tN
CIIAlll.US !. DltltEniNa
JAMKS A. FLAHEItTY
HOWARD H. FKr'.NCH
JOHN J. HHNDIiltSON
ANTHONY A. HIltST
1IUNHY O. l.OUUHLIN
The Continental-Equitable Till
believes in an active directorate
Its 10,000 depositor! believe in it
WILLIAM J. MtOLINN
I'l'TKK F. MOYLAN, Jt. D.
PATHICK O'NKILL
MII'IIAHI, o, PUK.'K
WILLIAM V HI.N'NUTT
JOHN V. HKKLLY
JI'.HHMIAH J. SULLIVAN
JOSKPH c. TItAI.VIJit
JOHN It. U.MSTKD
UtA JLWELl. WILLIAMS
AUUltHY II. WBIUHTJIAN
e and Trust Company
CONTlNENTAL-EdUIlMLE
TITLE-TRUST COMPANY
Twelfth Street above Chestnut
PHILADELPHIA
""-rv-o cP,f, siannnnn s,.rn...
It is a patriotic
duty to' in
crease produc
tion incident
ally making
extra profits.
J?J';-,Jrn-!a3uuUt-W- nn.t held In the treasury, rnors. Messrs I'rarl. Turnbuil, Hodcos. m' jnn,ary ,g to stock f record' 11, " " " " Surn'" Hi- 80 '
''lSnrt- . f - '',. und 3!ar.tma,v ZSPJ1 lgjj HiMillp.ltluiiiJ J '
Brlue4'''& tfe'r-'l?, 1, ", ''' v'iS1, '.tA T. .- lit k.T'V- ' , ,.,?-- Y 'J-J- IUZ 1 9tmY """IIIIMitlMimmum Mil mniMliLllillll I
Ml v. Ms mil IiMMii I i1 r ilil T iM jfilsTT i liifi i iTiTVetir ii,- , 'ii? ' i I Ti. ill- ' n?tf1-Mi lilrVirlff b)M
for Manufacturers and Wholesalers
Worth 20,000 to $1,000,000.
ciiiiiiiiiiiiniiiiBBiiiiiiiii iiiiiiiiiBiiiiiiiiiiimiiiiiiiiiiiiiiiiiiBiiiptiiiiiiij
You enn add cash working capital to
yOUr DUSineSS immnrlinlol., . nm,,nt
equal to the capital you have tied up in ,
your "profit ess" n(, eno;.-,id '
iou are not usinp; that capital except
to accommodate your customers at your
cricnse.
Why not let us carry your customers
nnd give you cash for tMr nccounts,
practically at iet expense (not yours)
and yet without their knowledge?
Uur plan otTers you the foliowintr
ADVANTAGES
You increase your working capital,
lou buy closer for cash.
. ou Improve your credit.
You make more sellinR profits,
icu Increase your volume.
You reduce your overhead.
,011 have no notes to meet.
Your customers usually pay cost.
Your customers not disturbed.
You can quit at any time.
,.?n,t w?ndr if we can benefit you
wnte or phone for our plan.and charge.
Commercial. Credit Company
Non-Notification Commercial Bankers
Cash Capital. $2,250,000 Surplus $375,000
Total Resources Over $10,000,000
BALTIMORE
!errntfd at
Jlo,).?".1' CHICAGO riItl.ADKI.niM
200 Fifth Ave. IMI Otis Dldr. BI2 Stock Bx. HkK. i
., J;"""'' DETHOIT
101 ureennood Ilujyint 744 Dsvld Whltnfy Bid.
UU3TON 1T..1VT1
"" " Strest 1015 Ilsalcy Bulldlnl
SUllUUUUUjllytijUy
'Hr- -
": '?&i-" &"$'