17hTV
If
EVENING PUBLIC LEDGEH-PHIL'ADELPHIA', SATUEDAY, JANUARY '4, 1919
1
A
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK MARKET QUOTATION
u
ssa
tv,
'
m
i
i&
F
ACTIVE WEEK IJV NEW YORK HAS
Wfcfc.
iVeio York Slocks
. . . . - -. . . i -
COMPARATIVELY yU,IET CLOSE
.. lAcI Tluuiflv pf
RECEDIN(TENDENCY i trading is limited
in evidence on curb in the corn market
Philadelphia Stocks
-- fc wirAiui hvi,liVu(j.u 1IUh , clnM lw k yiUKNCE ON CURB IN THE CORN I
, l.Vil ttumelv pf HO 60 60
TAJax Itubber.. 6; 67. 6J. "i
Natural Sequence to Vigorous Buying, of First Few Alaska a'oui'ii. lu i " n it.... i a, . r t . n . i t .
n wm c I ivr C 'c 1 Alaska Juneau 2i 2'i '."!! '4 l 'PWJUlI MnVCIllCtll of Last OlllSllIc IlltCrCSt
Davs, When StoVcksAVere in ijcanubupply. '.uns-chaimers. .m, 2i S2 ,'. t,.. .n... n i . . n i. n . t- ci.i
' -... -- ...-, . i w it Am hmi sugar 71 r. 7i -t3. I wo Days JJioutilit to Hall. Uals Arc Mead
Oils Hcrlrl Fairlv Well .Am cn 4114 r, : -- ;. ' ., ,,.,. T,
uns no-m 1 ainj ui Amur4r.iv.ji4 !s4 ri . Oils Still Active Operations Li
1 Am Collnn OH, 42 4l'i 42 i .
STOCKS ON THE LOCAL EXCHANGE
WEAKEN AT CLOSE OF SESSION'
ntcrcst Lacking.
re Steady hut
High Points in Today's Financial News
The tcrrk oil llir A'riw York' Slock Exchange wind up (vinparatteclu
quiet. Mock on the. local exchange icenkcn prccepNblii nil the dote of
the scs-lon. .Vcit) Vol A.' bank statement .ihoivt flalni In loans, deposit- and
lescrec-. Vuib h .itcadii. rcllh oil' at ill the center of fiirsr.f. Cotton Ii
otj. Com tattle- on belter demand, I'oieitjn exehaniie Utunlnleieitlna.
flnr stiver unchanged In .Wit- Yoikand London.
crations Light
Alll 1 & l. lit.. 72U
.Am Int r.irp.. ss, 5.1 g
. Am Ic8 Sec... 43 'i 10',
do pref ... R't 61 ',
I Am Mimeed .. 4S I7
lo pruf . . . no 'J jin'i
Aui Loco . .. 02 U 1.2 'i
Am SinvllliiR . 7)1 7S
Am Steel Kdry. si H5
Mil S.lgnr ....113 112',
Am T & T. .. lOflSj 0U
I
New York, .Inn. 4. The week woutvl up with two "hours of comp.ua
Hicly it'ulet trading. This was a naturullseqiictiee tn tire ilsoinus bu Intr.
which wan ii feature of the mmket In tin? two first liiiBlnoss 1a,H of the
new rar, when mnckn were In scant supply and thetspeeiilatlvo nioo.l
nns one which induce.! a .llaiionltlon to take-a poslttoiivon the Ioiijj nl.lc
nntl work for advance.".
Ilnlduln l.n.n
t Halt i Ohio ... 6n
1 lo pref . BS
Ueth Strel .. . 76
.In II 63 U
wor tor advance.". ilo p ,. pf.io:. jor, ior.
Some Kalns wele made In the eaily tin dim; toda,ulth a few stockn ' Jj'kU Transit IjJ 21,, -S't -- J4
nff at new high prices for the movement, Dltlllersh'ecui-tle' attract- liurn liros ". ll ljsit '5S' -.P
n prnjl il.u! it ntlAntlnn with hit mll'iitlf'P lif . Jill .".3. Thprn t i.ro Htltle . A: 'A I 7'i 7 71. - 1
sell!
InK a creat deal of attention, with an advance of "Wto .3. There were
Indication)! of accumulation of Coin Product an. I n number of oilier
moderate-priced Industilals.
After the first few minutes piollt-tnkliiB mile weietln evidence and
recessions were in order nll'throiiRh the list, with the wldet fltictiMtlnus,
as usuul. In Mexican Petioleiun, which, after .--ellliis at li'Ulj. hud u quick
drop to 187 4.
Other oil stocks weie fulrl.t well ui.iinlaln.'.l, hut noneof them made
any amount of net miln In the half il.iv 's tiadliii;.
t'nlted States Steel lomnion was In supply fiom thelstnit and sold
off ' lo 95.
Texas Pacific, which was one of the leadliiK features Inithe pieceillnj;
two days, yielded nioip than 1 pojnt. m-IIIiik below 34-
1-ocal utilities developed heaj.fne, with the traction .?ocls decllnins
about 1 iKiint. The pas stocks nNo. were under pressuif, Cunsolldated
Gas falllnc 1U to J3l.
Baldwin Locomotive, after a salirof ,, sold down about I point.
There was a show of stienstli Jn I'lilted Cljnr Stotes, which ml.
vanceil to lll8, fiom which It lencted to 1 1 U 4 .
The copper stocks were slightly lower.
The bond market showed a flint tone seneiallv. with a liioadeuliiK
demand for hlhertj fourth I'4h the most iinHrt.ini featuie. Theie was
a little demand foi some of the local tiavtlou Issues
i
PURCHASES OF STEEL ; WEAKER SPOT NEWS
SOMEWHAT SMALLER SENDS COTTON LOWER '"i, I
I lllllte A: .Sup O 20 20 'a
I O.il Petroleum 22 'i 22 U
do pref . . 66 13 r. B a
'..I Packing l'o S 4l's
i t'liiindlnn P.ic.16.1 ISi',
iVntral l.e.i .. r.l , nn'3
' Orro cle P.iro 31 31
''handler .Mot .Hi7'3 1 117
.'hi'M.-i At nhln f. T SO-'i
"hi lill West 1 '4 Rit
."III .M A St I' 10' .Tit,
do pref .71 7.'
.'hlrniio A: .Vor I"'. !K
' IS I A. Pae tc 26 '4 2
.'hlln t'opper . . 111. 1st,
I'hlno Con t'op 33', 3.T,
"o Kuel X. Iron 3 3S
"ol (Ins A: Mleo 4.11, 42 I,
'onsol (!hs 91 !i.t-
'out Insuran.'e .V. .'.
'oiii Products. Rn'4 4!i-.
niclbln Sleel f,t 5S
Cuba CaiiM Sue 3ns, Sftt,
do pref . . 7't 7S'1i
l A 11 (1 pref . 7t4 71,
home Milieu- 12t iju
Distill Seen . S3 " fi2
I'lle . . . I7it 171,
do Isl plef. . 2114 2S
lastnn wllllnin 20 .-..i
Hen "lRar "o 5'; 41
7en ilolois 132 IS.Ii,
do its . '.'I. :
Joodrleh II ." r.t, ,,6t,
do pref lot int
I UleTt Not III lf. M 's !l
' f!l Nth Ore sin 32 t, II.'H
' (ii.'erie.Caii 1 "op 4S '. 46
Ciilf St-iles Sll 61 I.I
Acrl IP, 1P3
Plef ... 48 4S
Insprtn Cop 471, 4'iJ,
intiD-t ons cp r. 1
r.r. s- V
43I4 Si I N'' Anrk, dun. 4 There was ai rlilinxn, Jan. 4. There was a. fair
f.8tt 's lstea.lv tone lo Hie curb market Ren-' demand for corn this mornlnK and the
4V " 'i' ''","', '"u "" 'u'llnK stocks showed a market rallied nbovo yesterday's close
!!!!, " I receding ttndeiicy, the upward move, after It had started easier. Trade was
-J.11 ' '. s, ment. wlikli was so vigorous In the last Ismail, with outside Interest lacking.
,-,, ,to da.vs, ImviiiK been brought to ill The weather was favorable for the
11.1 .. 'temporary ball. movement, but while arrivals are In-
inn -- . nuslness was inostlv concentrated , creasing a little they continue moderate.
1 la 'again In the neiroieum cniiin. win. In. Tlie rerelnts hern lodav were 208 cars,
s been bearish of late, and
uosltlon was considered
he result of overextended
' was also strong, short account
selling at 21 to 21', ' January opened at II 43'; to $1.43,
Other oil stoiks w.ue In supptv, Mer-, agalnt jl.43, at the end esterday,
Itt falling from :i'j lo 23'3 and ' and moved up to $1 43'i Starch started
Houston ren.'led from 2 to SO. I '.o lower at $1.37 and advanced to
War older nocks w.io fairly active, J1.371,. Mav opened at $1 37 'i to $1.37.
with Subinailun Boat In modeiate de- against $ 1.37 'i nt the close jesterday
111.1111I and moving up fiom 13 to IS?;, land rose lo II 37.
etna Kxploslve.s was traded In at 7'i I Shipments fiom Argentina for the
and 74. Wright-Mat tin sold nt 4 to I H(.ek were l.lf.0.000 bushels ngalnst 72,
, Net !
ttisi. fiur Dope rh.ee,
I 20 Am T r til (id l. , I , ' ,'
. in Am Smelt 77i T ' I . , . ... ... n 1 ',
iaBd prosit, ll. As- - - Nothing of Special Interest Develops in Half-Days
SnSarin0.pN! "3 "!'"!. Trade Lake Superior Fairly Active in Early k
25 Iliad N A 27'i 2T'i 27'i 4 .. l .....,. .
ecr. 11. u.. i iiv ill: 1H 'k llnnl..... I !.;.!. 1IIU.. i:.....f
i lycunn uuiurjii 1 any. vrunio t ji
vni looacco 2im Ills -
Am Wool fi: :,: f.2 U ternatlrifel iviroleiun becoming the most Sentiment hi
4. ;...." V. I.",'. ;'.,, promlnem r.-.iture of tbee lsues and the technical
do Tlt i ;.'. si ,'.' Mdvahclng lo the new high record of stiong ns tl
Atlun (!lfA.U' I turn. I iik l.'SU 1- H,-". Sln.-I.ilr liulf was also strong, short accounts
76 70 -
4!Ui, 4!"i --
;,6 f.fi
76', 7.i'l t-1
2'j '.'
7',
20',
lBMex Pet
BS7Pennaim 45i
31 rmia Co
cum pf. 32
.1.1.1 rhlla t:irc 2i
26a P n T t o 27
77 rh Tract 71
20 Heading., 83',
f. 12 Ton Hel 2.
120 1m Tract 39
so tr n 1... 71 j
2S5 tl S Steel 9R
B0 YT Cramp SO
fix dividend.
'7.1 72 72',
.1 B4i Bt'l .' t1J
.lHl", 111 'i "f" if RtneUa nil Ilia !..! nltii,.. ...or.l.onn.1 neofenlllilt. n. lllo rtnkP nf today'8
404 r v "" ". .....nu ,...... 1"" - ---
. snort session, which developed nothing of special Interest. .Most ot lite issues.
:.: " quoted camo out In thn first hour's trading, and sales were for Miialt amountay
27 .. I Lake Superior was In fair activity In the early dealings, selling: at 18?
sJij 11 i ,n decline of H from last night's close. General Asphalt was off ',4 nt 40',r.
2's .. I Gas shares were strong, United Gas Jmprocmcnt selling up to 71 .
5?6i 1.' . B3'" of 'J nn,l American Gas to B7. an Increase ot S points.
tiS'l I '4 Lehigh Valley ex dividend sold at R4i, a gain of 1-V nuffnln nnd Su
1 quehanna was unchanged nnd Pennsylvania diopped '
' In the bond section Philadelphia Kiev. V first .".s held the greatest at
I.
45'j
:2
""
-1
s3'4
. Ia
39
71 ,
93 'i
79
79
Toitl Mies 39.M ihare- romiwrerl with tentlon nnd closed 'i up from last eale.
V.IM shares ve'terUav. this week, 13,011
BUSINESS IN WEST "
RETURNS TO NORMAL
Net
Low Cln4 chse.
96
87
'96
I I'I (ilWi l.i. .....! ..1 ....- 'Pl. 1 lull.l. uilti-
1 i 1 1 vi'u iiiiiifi iiiL iriii 1 nt- in u n pui'-
- ' 't- 'N 1 '!(!,,. . .. .nKit.,iM.I .! .Uinn.1 ... ... . .
r,f,i: 1 I. ,. . , J . '"""""v1 nw y-i..- piv there H in.000.000 uu,"heia ugainsi
1: m.i-ii. HiHiviiii it,lU"i'u, iui Brti-n 3(00,000 bus leN a ear hco
I I "I SI .. ,.! I T 1'nsBnn.. ri-i. a. nal -
1 41-4 tl Mil a.1'11 ivrvniuiif 1 nt- "iin
49.
llill ',
60 , V,
31
Standard
r,.. - 1
'. - 1
39 '4 - t
7.''j P
'16
ln-iu y. Helling down 10 I I'd
Minors sold nt '.
Tli.'le vvas a iiio.I.i.ite nmoiint of trad
ing III Aii.H-on.l.t ne 6s at !'S'i and
98 ,
WIImiii A l'o mites sold at HI. In
leiboroiigli liapld Ti.uisll 7s weie traded
In ul 92 to tin',.
1st, . Ij,
.13 '. ,
:m "4
12 'j . ',j .Aetna i:plnsltes ..
94',; - 1 Am llrlt Mfg
5!i 1 i3 'Am M.iirnnl . .
I'Hj .) 1 Am AVrititiK Paper
r.8 -- r-, All- Itediictloil
3a - -i, 'ana.llan Car l"o..
79 .. fon f'jr & Kdy pref
7', . . I Char, oal In. 11 . ...
12'3 . 'i I'hi-Molel Motors .,
S2-, -1 ", 1 '1 limp
17' '4 I'uitlss Aeiopl.-uiM. , . ,
2s - t. . 1 'in u,.i Ton! ...
"0 . , l-.iih.in Sleel
I" 24 KmerMin l'luuiogii.tib
Oats weie ste.idi, but operations were
light. Demand for the rash article was
fair and Hie country was not selling
fiei-lv The receipts heie today were
67 c.tls
.laiiiu.rv opened at 70 to 69il4c, against I 14400 Phlla Klec
70o at the end .vesleida March opened I 1st oS 5.
at ',e higher Ht 71 ',. May was quoted
shares, Inst weeV., 31.717 shares.
nONDS
nigh
$1000 Am Gas&
i:ier. Ss 87
BOO City 4s "41
reg .... 96
2000 1.eh Val '
Coal Bs.lOOU 100'i loou ..
1000 do 6s..l024 102i 102 '4
bbo mi. Bonds ,n 40 ' Pfogrcus Has Been Orderly
S00 do 2d 4s 92.80 92.60 92 60 ..
2100 do 2d
4'Js .. 95.30 91.80 94.80 .20
2100 do 3d ,
4'4s . 96 18 95.80 95 80 4 .80
3GS0 do 4th , ,.
4'is ..95.58 93.21) 80.05 1-.11
93
97
2
III. I
I
.1 1.1
. 71
n
4',
2 '
nii
33
si
s
1.1.1
reSS lllflll. In thm r.mlliiul.,.nl ? h
1 iL.ujuouipriii Ul Min
eral business from the war to a normal
. . . ...... .11 . n.nPA ha.t. InillnnU 4l.n il.A.l.n... 1. ..
... -II. ... -If. !. n. ... ..n.lne. II H K.I . IL'7 l .1. COITinnri'l "IUI "' ." '" ...lv ...ab ,, ,t v II. thU HO.
IMM -l-iiiAi.s (,,,:..,, "''. .v.. ' Bal'Meierda, this week. 4ii.n0i.l"l 'been more rapid than most Interests
"'r: V ' .7 .1. '"-'7""' are aware of. Banking Interests have
.l;k (ile .Shipments from Argentina for the I noted the rnn.lltlnn mnrA il.nn n.. nn
week weie 893.000 bushels against 833,-; PHILA. INACTIVE STOCKS else, and It Is pointed out that great
Olio bushels hist jcar. Knllnnlne are nufttatlons for Inactive headway has been made and that In
slocks listed In the Philadelphia Stock Uplto of the hesitation which has been
t:xchange and In whlehMhere w"e" apparent for a number of weeks, the
transactions today. The price glcn W'moiement to a normal basis has heen
",e ,asi. nre"' cl ,," , c . ., ord"'y nd without undue strain in any
Imreo-e in ierace ami Veionl !,.,. A.?m'" Tea Co 7? 1. tie Schuyl 48 direction.
" 1 Alliance ins , 1:1 l.u uros -7
O.I
This Is most Important to the manu
facturing resources of the country and,
once the railroads are re-established on
a basis where they can meet the ship
ping demands. It Is almost certain that
a new era will open to the general trada
within a short time.
At the present, and for a long tlnm
past, various sections nf the country
have been held largely apart from each
other This re-eslabllshmnt of railroad
facilities will reunite trade Interests over
the entire country and bring about the.
better times which are predicted.
i It will be Interestlngjo know the dlf-rhli-ago,
Jan. 4. Evidences of piog- Ifeience between normal times before the
and Without Undue Strain
in Anv Direction
4'i
1.1.1,
N. V. HANK .STATEMENT
f.OI
131
-t
104
91
I
al.s. iA ICI !dl
Lull Is Likely lo Continue for I,uin: Onlt-rs for (.Wring ''", Jjn J.'1,,;,'4",, '"
Several Weeks Contract anil Trade Account Kail to in, .ft jupiMsr.
I'ne... Thn., I .....-!...... IlltCIII I i'al,-l .IP.
. sa siiiu .
;ctl
Sustain Prices
New ork. .Ian. 4 Duj ilig of slee v, ,.l ,M- 4 - Itt-ilm-l
ions in
nil .inii-i . i. .
hail t'ltv So . 19
Kelly Sluing 71V
Kenuecolt I'op 3.1
..ll'K Sleel , . b;
i.'i
pomewhat snuller. but leading trade an- the pt i,n,-e failed in siismi,, prices i'...",!',1' &,',l'r'' 'i"
thorlties Hinle that this was expected. f.,r c.llou od.i and tb market llnlshed i Manhat'w . ? k'pj
due in the holiday plilt Hiid Inieiiiory w.aker. Max .Motor . 29
time The lull Is llkelv lo .ontlnlle for Tile sl.nl ..s 1.1 l I.. ..nl.ils l,, er M,:!'-' ii'!'.' ,S"".S?,.
I lend,-.. Mfg
l.al.i Torp lloal
Lehigh I'oal S.iIl.s . .
Limn L.MM
Malm Muniiliins ...
32 'i - ', x y shlpbulldliiK .
40 - ', Xnr Ainer Pap Pulp .
Bl ', Oils Clviator
1 1 '- "r -'4 Peerless .Motor . . .
48 , . PooIh l.'ng
47 . S rlpps-Iloolb
4 7, i, Stan. laid Motms ....
ICL. 1 1 'Steel Alloys
7d i J I. Subiniuliif
lie. II. SI Josi'llh L.'.l.l .. ..
i-,i -(;i i. Todd .shipbuilding
ll-'it ll"i. - '. iiiangie Film
in', tit! ii! I'nlled Piolil Sh.iiing
- ' - I ' J Ulauma i ii
3!! . . , :. -.' - " :-
19
I
I
91.
I,
loo
, ' "I
anil Kcteries
Hi
I"
S4
in
17',
I'll
1.1
13
12
lllll
r,.i
li'i
In
3l
X
13'
13 108
2'i
New lurk, Jan. 4. The New Yolk
bank statement this week shnus In
crease In aierage and actual loans and
lesenes. Aieiage time deposits are nrin .r , '-i i,nn Salt 84'1
Del-ills follow nrl:1 J O Pf- 70 rhlla III w w 2V4
i .tans roiiow i c,mbrl. Tr' ,,,, ,,,., & West
....mii. . . . i. ..in n. vim -.mill.. . . ... :.r'- r.
.Vet .i-nwiiii ii.p t.1 ii.i.i.sai.iin. inoo,l""1mJ steeiiie
Vet time ilepQ.it, l.l2,7ill,no iM Cataw 1st pf 62
"Ireuiatlun a.-i.iisii.n. kn Cat aw 2d nf 64
i.asn in w.ull tll.l-.'.io . .. -?ia I'm i9 riv. mi
Con Trao N J Hi
CornKxNtBk- ,130
i lilec Storage.. .13
. I I'th S N B 180
i S1 0.1.1 n.-..i,nau i Hunt A- n T in
The hesitation which prevails In
Am rtkvs pref 69'i North Central 75 nearly all lines of trade Is probably
Am Stores pf 90 North Penna. 94 .due In a large measure to the fact that
A G war ... 7V4 Phlla 'Iec. . -'. the return to pre-war conditions has not
m oirs pr.. su i- -ii in....- necn Heralded In anv large wav from
32
is
71
3L".
Itesrve In mem
oer hanks
. Ilemne In P t n
luniks anil trn.l
i 'empany dm..
Ilnrles ,
luregite r
: L. . tle.erve reii'il
'' ' nrplin .
. . ' tSnerlp InLltlil'-il
trnlt-il ,stat-s il' .
iinsli. (I'-ilucteil
I -lie. re.le
Ill.l'.'ll 0
fll.l.'fl.nou
Ihoso which are active In bilnglng about
the new- state of affairs. In 'due time.
mi-is aei, ., 2 ii is Deneveu py close observers, all the
iv.li Mlnin- . 3 i plans of authorities will be unfolded.
ITnl Cos N .1190 j Indeed, thev aie beginning to unfold
II G 1 .. ?! now, and theie Is reason to believe on
1.17. mm
r.70.73n.nn n.',:ir.nnii
TIT.PII (l.nJi.HS.l
i7.is.iin
'.ii.tifi-. eon
pronueis in Hie past weeu has been , mean fieiglu tales and bulll.l: news m. Lehigh Val
..- -
1.7
r,3',
224
4.1',
IP,
29
'.0
181
:'.
45',
SP,
lill
187
i
I
'-,
- '
'.
'' '4
1
I I'nlled Motors
, World Flint
Wright-M.iiilii
l'
3.'.
.11 i
'4
P,
Illinois ...
Ohio .
Pllllrle Pipe
s . 1 r.i 1
S O X .1 .
S 11 X V
Ah- . I
s IV MIA II II Oil
I Oit 16.1
3 111
.270
jr.,1
.iiS.1
3 1 .1
331
27.1
27',
I'. 9 11
:: 1 ;
'i
i;sn
31 S
several weeks, some Inleu-sls believe, undei active selling b Wall stieet, l.lier- MW1.1I Steel 4t II', 41',,
although a rhannc In lie nollcv of the' 1 .1... l- 1 .... -11 ri ' 'le" 1 1 "1 11 n-
pool, wie .-.iiiiiii ami Japanese inieiests i 1- x. t.i
i-nsumera might mine about r.ill.cr ; Kor a time aft.-i Hie opening the list .lo pref
quickly when sentiment change- 1 ciiillinid mfi, but iiuinerous buvlng r- ''.VoTiref '',C
Oiie of the Important developments of ,.,, ,,,,, , ,w ,. kh,(1 ,,,, fl,r tra,lB Xali."ou A "a
tit- week was tl,e announcement of the .u.-i.uiu. we,., nn, ..,, ,1 .-io.i 01 ,.. Nat lllseiili
.KCollllt, Wele
.'.'4
8, M4
2B- 2rt
r,ii 5P,
llj IK
1,,,, ,..,. .1 ..,,,.1 .,, l..u .N..I lllseiili Ii:'. Ui-2
1 hange in coiittn.t forma agreed to bv , , , , , ,, . Nai l.n & Sipd. !'
lh.-.omi,iiit.e on coiilrau obligation- of ,""",,l sh'""h "I'"""1- '"'chliig a net ,Vat .e. . C,',
die meilcaii lion nnd Sleel Institute -idvan..- of .1 to I . polnis befoie the N 1 ')('"l1r,1 .'.jj
This (.hange tuns a liquidating dauiHCe dinjiid was sallfl'.l x y x'ji'jfc "''t
,i boll. Hie J.,11 er and M-ller In Hie The weather map showed a hitler cold 'oi i'acltic . . 9j
future and eliminates the unfairness 1 ,011111 (!as l',
whli h existed In the paet nnd which u,,w" mrr "'' Sou"' Ontario Sliver. 7it
gave lb., oonsuinei nil the hetlei of the The market 1 lo-ei b.ulv slen.ly at a IMn-Ain Pet 73'5
situation. net .hclliie of 1.1 nt 5n itnlnts . "IJ l.".'.
Hepoils have been 111 clr. illation Ihwl v-i-i.rilij 1 t...i'
B.iine 01 me nig 111.ie11en.le1n Meel com- . i" "i"ii 111311 i,u rinse n. Mirnii.. i-ti
. l-'7
II
I'ellll It I
Pen Gas A I"
. . .. - " ".-"- ' i-ere miroiieii
p.iniis are .ilinut to make u-adjiistments, ,,"'; .".: .'1. .-.: ," .-.2 " -2 .'.'.' .-.2 ::.' PhlladelDlila i"o 3"
oil prices on old contracts. One, Puts- Mav I'.i t'.'I l-.i m. I-.i i'.i "-.; no ".Viin P"l3 A: Wet 38'
burgh (.ouceni is .nd lo have virtually 'ul, , '-'J -'s '-'' I.' -"".' 2.1 10 ;.-. ir, Plerce-Arrow . 4.1
arrived at a decision to make ..11 aver- ' """ ' -1 "" -'- "" '-'-1 " -"2 -in 22 .111 .1.. pref I11J
.. .. ..... 1 .. . Perce Oil 19
it..- wo mii iiiurm 11011 on tot- i.i.ou.- i . ,,i,,.. ,..i ...
ll-h.t.n.1. .... -..... ..- I 1 !- I 1 . Pit t I 0.11 lS
....... .,..-. u..nr .uiin uri-in ill-- lli LtUUll Dili flllll SIKl'iJfl
established prices for product-, the ion- - "'" HIIU iS.CU
Ir.ulH will stand as taken, but whete
Iho average .s above the present level
the new quotations will prevail llaulum
. - 4
K". -2H-I,
-- ',
r.u, '.
10
112'i 4 1 ' .
r. i-.i -'4
65'. B.I'. -- '
7 P. 7.1 ..
2fi 21'.' 'j
:i2, 22, -
Vi ' 92 ', ..
41'. II . - ;
71, 71. l,
71 -. 72 I
12B I2B - P-
4.1 14 4.1'v ',
IK' tS'j - 1 l:
I J', 13 -- a.
3(1 3.1
imii:i'i;mii:m' iiii, mucks
ll.iril.tt Oil A: (las . ,',
osilell Oil
l'o..e A- To
Dili Ilaslll . ..
Ceiletal OH . .
Inter Pel ml
lloiislnn ml .
M.11III nil
Mldvvesl I'.elllilllg
Mel Petiol
Ohio l-'lle
okl.'ihom.i lb f
SapultM It. f
Seipiojali
blnol.iir
. . .3
. . 2',
. 19'
.. SI
. '-'I's
. ,13.1
21
7' ..
t. ;
2', 2'
!, 2.1'
s.l M
21 21
121 Mil
2 7
AL'TI'M,
Vet dentanrl Hp.. 13 070 .lr.7 odd
N'et time (l-it, l.Vi,77(t,'non
I'ireutatlon 31.917.000
.'nsh in v oilis tllL'.-.'.-ti.niui
lleserv- In niiim-
b.r banks .100.02 Odo
lle.ervn In Stale
banks and trn.t
'nmranle, lll.M4.onn
Heiierv III MbIm
iMnks ninl lnil
.nnipane oVpii..
lories . . '1,417 on. I
i l-nrreuale re. ."ii'.l,r.17.nni.
j Itispr.e reoiilrcl ' ,121.121.10
.s-iirnlu. . fil..1ls.l"n
tpe, I.. IikI,i,.., iilt.lll.l.n.lll
4 l.i nnn"''1 S''"'' ''"I'OSlls (Icduetnl.
Ilperea.e
I 41.1.000
lner-a-4l.'20S,non
n.s7.t nnn
13,000
1.017.00.,
21. .-,31, noo
27.1.000
I
I17.nnn
24 720,000
3. 1.02,220
1 73.1. 7IHI i
2I.1.- !
lit i B T pf IB
Ij II Trans pf 25
I'td P-vvys pf . 1 1
l'n Pss Itwys.150
AVar I & S.. 8'i
West Coal... 75 4
Win Cramp... 80
WJ&SS.... o
the part of those who ham the actual
facts In hand, that a period of extreme
prosperity will begin In the not far
distant future.
New York Bonds
The railroad situation Is beginning
to reflect more liberal tiansportallon
7 J facilities, and arrangements arc being
inaue i" resume mil passenger service,
anu as fast hs possible II Is announced
war and normal times nfU-r the war.
nnd also (o And what means of educa
tion will be used to acquaint the publla
with price levels of the new normal situ
ation. The traffic situation has felt the pe
riod of cold weather of tho last few
days, which has covered a wide area.
In thn West, and no doubt has reduced
the efficiency of motive power on nearly
all of the laige western trunk lines. The
volume of business moving over theso
loads Is considerably out of line and
under that of a ;iear ago, when tho roads
wete contending with one n,f the greatest,
storms In their history, and also'wero
confronted with a tiemendous wartlmo
movement of Government war supplies.
This year, however, there Is less con
gestion and the movement of freight is
on n astly different basis. The car situ
ation Is adequate to meet the shipping
demands In the Ve3t at present
because of the fact that manufacturing
expansion Is not jet under way, but It
Is predicted that when general business
Is again re-established th railroads will
need much new equipment which has
been denied them for a year or so past.
The monetary situation Is fairly sat
isfactory at tho moment, although rates
i
pi
Pies.sed Sll t'ai tit '.
iin ser or x.i "i
Pullman P.H Ci 12."
This should work out satlsfaclmilv , Ir'-l! ,JUV .
for many consumers, i-speclally those .in nn-r
who have had contracts on tbe books ' I'I" Hmraii
of makers for a long time. Some of ,J'U ,
these contracts w etc placed at unu-'U.illv ' K -ivi
low ligures while others wete at the i i I'rnf
highest on rtcord. and an avetage to I !, NJ"' ' ,Jlp
ill-cut present .notation, would woik out i.eh Vaii-i
lo the satisfaction of Hie u-er. ' I., h ai - r
Vnolller tnrteiienrlent steel I'liinn.inv lu .. " l'lvt
" ' ' - . i - , I'einij.
I.elai l.-.t-ril.n- Uy Sleel Sue 7h.
I'j; Vs.Ue.1 l.iil Ask,d rlay foil .'op 2I'J
I-,!' '.,, .'. Heading 8.1 r,
7o ;i ; :j i Itep Ir Ar Sleel 7B
j" :.i .-.ii ; 1 loyal DiiilIi S"'z
IIIMMI -.TOChs
All. mm .1
Ilig Ledge '1
Huttc-New .i I. . . . . 'i
"on Arlr. .... I '
'" I' S A .leiomt- .... '
43 13 .. l-'lisl National I ,
Kil'l 101', '', Ooldlleld Merger .... !
1!, . , .oitiuei.i ons
Ot-i, . i. itnldllt'lil I'lorelif.
lit .. lioldlleld lv'ew.-in.is
91 '. Oli-ell .Monster . .
122 1J4 lb. 1 1 Mining
., . ., mm,. .-01111,1
I'S
r
13.
4
Ml
122
7i
21 l.
83
ni'Tsitii: iivnk sT'ri:ii',T
st.vti: nvs'K.s
, Inrra.e
1 l,'.an Inn . .
I lIMMlts . Ill fill IHI.I j not 900
. . ' orren v n m ii I
note. -js 77.i)0 !,. 117, mid
till. I I'ipnsU. 1'e.li-inl
'.., Ite.orve Hank nf
' I New Vnrk in 39'l loo 1 r.i.' on.i
1. Ilepoolt . . .-.10.0.1S. Ion 31.3s2,tO.I
.. i Ke.er... nn Ih,mi., I".'. 732, Mill 373,7111.
i Pi-rtcntaBt of n serve. 21. s. .Imrrafe. 3
., TIII'XT '.IVII'ANIKM
' ,;' l.inns I n v e i
' tn'nts tl lilt.nil, inn(,lo 31.1, nii
iilol'l . . . l.l.ii'i.M'mi 131,3.in
I i . I'urretity I. a n k
' Holes . L'l,Sil1o.l I .1H.l,rin
li posit it K. d.-lsl
Ufttn. li-ink of
Nt-w- loriv . 203 7nS 20.1 It, 721 900
I.'- i
lllnh l.o I'l.up
2000 Am Agr dth 5s.l02 102 102
4IO0H Anglo-Kr lis . 97'i 97'. 97'4
100011 Am II I, s.l04 101 104
200.IAin-r-'or Sec Js 99'j 99', W't
280(IOAm T A: T 5s. 92'i 92 92'i
32000 do f.s .. .Kil'i lflT 100'a
21100'Atchlson 4s .. 85'2 8.1'-j ss i-.
4000 Tl A: O 3'-s 8S't 88'. 88'4
3000 neth Sll 5s 3Bs S3 S3 S3
39000 Itkn Hail Tr 7s SI'. SI 84
50011 do 5s 7.1 7.1 7.1
.".OOOHordeaux fis. .101 101 lot
2000 Chile Copp'r7s.l09 109 109
BOOiU'hes tc O 4'2s 81 U Xl'i Sl'i
HOOD do rv 5s. ..88', 8S', SS'.i
20HChl A Alt 3'as. 40 40 10
200(1 Chi Ot West.. Bis, fil4 fit";
.19000 Chi P. A. Q Is. 9.1", 9.1'4 !M'i
4OH0C.MA.StP r 4'.-s 74'i, 71 71
lUOO docvl'js. . SO'j 80', 80',.
,1000 Col & So 1';s 79 78, 78-,,4 ,
7000 Cltv Paris lis. 99', 99 !i!,
2000 unmln Can '26 98 98 98
TillOO do '31 97', 97'.- 97'i
11100 Prie cv 4s Srlt 48'4 18'i 1X1,1
4000 French P. S'-s 104 imv- I'M",
1000 Hud A: M In 5s 1 7'1 17", 17',,
17000 Int Met 4'2s. 405, in 111
I nnn int Agr 5s. 7fi's 7R'S 70'..
innn l.k sh d 1s Ml 88V. ss'- S8'8
1000 Llg & M T 5s 931, 9.T4 9:'.',
1(12000 Lib llond 3'ss. 99.711 99.18 99.RO
298000 dii i-v 4o .93 00 92 92 93 01,
300000 do 1st Is 93 On 92 90 93.00
520000 do 4',s 9B20 9B.OB 9S.12J
iOii.i do isl i4H. :ih ii.i :.ti.4n i.k.ii.i
that shipping facllltlea will be Improved, arc Ilrm at around a ! per cent basis.
:ri
lo
17
1 1
ii
is
51
I
in
7
Is'.
.11'
II
s
It
73
2I4 'a
S.l -
7B i.
79 '.
Independence I.e. 1. 1
l.-ioine Vride . .
.Ilni llllll.-r . .
Iiniit.it Ktn?lnu
McK'iiil.-.v Darr.igli
Magin.i ' 'oppet . .
Molh.-r Lode
Mines l'o of Ameilca
Veia. la Hill
-. 4
I.".'.
I',
3.1
I'lilU CI.-, i .
I'hlla .-
lit .. per . nt ...
.lo .1 J..-I- tn. pr 32
t t . ",T,
I.V.
5t'
-'I's
.'III
sf.
tetiortcd lo have quietly nolllled Us tus
lomers that Iho new pil.-.-s will prevail
on all shipments' made In Hie ttrst three
month nf this e.lr reir.iril!i of Hi.. a.. . ' ' lr ir.. "z '
price prevailing at the time the oi.lers ' It-a.li.n: . . l-t Jji
u""-htn l".n M,n
un ine oint-r nauo, a iiumoer n, ine
small high-cost companies ate planning
lo try lo hold their customeis tn their
contracts, but whether they will suc
ceed will depend entirely upon just how
urgent the requirements of tln ton
sumers might be, or on how far till ' . .. ,.
policy of averaging prices will spiea.l '' LMlK.h, Ql'OT TIONS
Not all the steel companies, an- m.ik- . ii.mtn. .l.m I
ing am changes In old contracts. On
l'n Tr.ii-
till.
I' H M"H ..
Vork lltw
'In pref
Win Tramp
a
Is'.
7I'
.11',
I, 1 K 14'. IP. IP. I.
St 1. Soiilnvsi nf 31 31 31
Scab Air Lill" 8 1i s '. 8 ',
do pref . .Hi, I si, si. - i
Sun lair Oil 3i'. 3.1'.. 3.!', , '.
Slh Pacllli 1'i2 luP, in I', i. .i, ida Wonder .
.,i'a .--on! nerii i. it - ' 's -.''4 - ' 'h ', .Mpissnig
do pref 7." 7n 70 .. Ohio ('oii.i- . ..
. -studehaker . SI', .IP, .'.Pi --, Kav Hercules .. .
.',?' I T.1111 C A- ' l IP, IP, IP, -,1 San Tnv
.-.1 Teas A- Pac 31 33 331, 'I'otiopali KI.Mtslnu
J,1, ITexas Co . H8I4 1851- 1X7 PJ il'till..! Vt r.l ...
p.-i, 1 do rcls I'i, IB'n IB', i I Wen Pud Con ..
- I Third Ave It It 12'i 12', 12', 2i 'while Caps
M Tub Products 7fi'. 753, 7S-. ". Verlngton
110 pre! . .lua ', Jul'. inrii
,, ,. t: I.--I-.-I.. . ,-.,." ,. ''."-'."'". ri2nn. in iin ! i',s . 9; -.'I. 9oin ns.i::
. . ', .. rvn: i.vvu's v.m. -iisi'st .-ovipiniks " "" 'l ' -isVNo': io-r.. l.
. P, jv ,. , xit ,:w,,riMi 'in ci.riAi.iM. i.ol'si: .rselii'e's '"-ior " lor " JnT " I
P .. lainns invest ....... .. ."nnnillili-nlo Ts SSU SSi: Sl;
- I "letils .. JJI.i Ml.' ...HI J702.000 -innn Vi it,., f... 1. p-ii e-11 e- 1
." ' .. I oid . mii'.'iihi 211,11.10 -'2? "2 :'?.. L .S'Z 1" ...z ,i.' vzfi
.lurr.n.-v tank s.nni.lt : 11 'in.. '.';'" ;'i'-4 i'lt's
33
12
ir.
. .1.1
a
3
35
12
18
1
11
itt
milt.
Ii.pn.il IV.I-i.iI
It.... rie Hank of
N'vv York
Tnlal tl"po-lls ,
Net itotio.lta
ll.-herie on i1a,.iisiI
s'l
.
3
8
US
33
Ii".
'
3'.
It".
I, r. tnlaj
1 11, r .i
nf ii-.-i..
10 21
.ii tij'l loo
Isx.vii lino
t'.'ni .-i.-is, inn
193 '171 .1.10
311 2011
.1 191,200
.'10. 7.11. son
III..122.70II
l'l.t.1 4.4.01
.'I on rea ;t h
11
,!'
311 '4
l'.V,
.I'i
CMN IN A.NK CI.KAKIN(;S
Total Crealcr Than l.n-t Werk anil This
Week I.act Year
Total bank dealings of ail the clear-
f. 3-1'.
, 1
.11',
j. . 1 ..... ....
I'nlon Pa. . .130 128, 1281, 1' 1 ., , , - , . , ,.... ,. ing houses of Hip Culled States for the
do pref .. . 7231 72; 72i. -. 1. en ifiiem -.. ntne-j . ." - j ..., .. week ended 5 eslerdav have been 17.298.-
,',Si, I'nlled C,g Mllt-H lint, llinT , ij ' ' V",." : J.1 J.' 240.778. against f B.241.266,822 last
. '! Pulled Ding .. 91 91 91 .. J.!,1?" " ,,s ,n5 ,al " , week nnd fi.07l. 121 ,777 thin week last
I'nlted Fruit. 1B4 IBt 1BI -l ,,''.'' ,. ."?;; ; -UL" ,r, ":- ;a '.ir Tim total In Philadelphia was
" i I' S c 1 P A. F 14'j 141, IP 4- a. i1'""1'." ' ! "" -', r1. ?. I J329,5r.5.022, an Increase, as compared
I' S Ind Aleo 104 Hi2'. losu, i. ' ',,?h ,, ,1 .','., ,',';, "" wH'i the corresponding week laat ear.
I S llubber . 79U 78 78'T i." I iiii'iiu ,'. 81 ni' " "f 20 5 per cent.
do 1st pref 1i. lu-i', I'll. i4. y r-'lr,.,'.' '.. i. ,,,:' ,; " Details follow
lliw.Jr. ... I- m..ltA- l!..f ifil. itll. j.-.l t. '""'1 .-.i."tietitit. ' t tv .. ,,., .....
I,.... -.. ,. I... I .. ..'il'lR ..t 11.11, - . '. ,' '. - T" S 4 . in- i;.t - (
, .'.. ' ..,!.,' "J1.,l'."". 'J'"" "'er.lal , aier ' S Sleel 96 95 9.11.. ! 1 New York (3 190 II: 2IJ IJ R.in.uS11l4--.'ti A
good orders it Is likely thai the new sir 7n,ViV-. ..,:...' 7 ."-. '"."V. buteh. r ,ll.in oiipe,- . ,i, 73'.. 73'i i;;. I ). ' '!'.aB" -J!. :!''-".' p."!-''0?-"22 "
established reductions wi nan 17 .v.i, ,7 so' V,Bni iW's'stflS'.ir- 1 a- ar .'b.n, . e , . .11 5.11. 1 . .,.,,.... -,-, ,a . ...j . ... s.g.a s. s r,
but on nil oilur business there is likely, ;,';;;5S J i1 J! '" 'I , 111e.llu.1V ?' mlVe.P Wd-o "r, r ' 13 "'13 1 " -as " " Z '. ', 7 i Kun .'.n 1-t.tsil h TMllTliiiilo !
lo be some control ersy as to t Ice ' in 71 mo. l.-o.i ,..'.,..'"';. i"i'.. ..'.,ii v. . 'M..e..i....a m. 111. .'.t .: . . "" "." " .""" '"s .... ..11.1 tne m i-nn- i-1 "i r u ,.? ,M -
1he matters will be worked out In tn, I 'n.K- ,w. ,p,. 3, , '... ?,;. Wr.f v.,:',;?. BT ." 57- 1 u r, ', lV"n nM" "- ' XRMiS, S,i , n'li
future ' ..-.., .-(,. 1. .1, '; J..:.""1 '"i'i"-rs hiokiiv vvevt Lmnii-ieixs ss ss .. lietrot i.'.il724s 11.020 :m a 1
'"-' 11-ii.rt. .rone 11 e.l ne non.e M 4- 411. (IT. .... .. ... ...... ........ . Liltinrt 1; 1 :.si oss ri.1i:,Ailj mt 4
.-....... - ..- . . . . T . . rf , , -, int. x.-iv 1 on. iiimi 1 e.iMiiri- e.-i 110..1 . . . ........ ..'.'' -
' iiimier wtiiie Motors . la II ,S ...... ... . . . . writana .1.111 i-i.
9000 do Is 1939 .. 92 '4 92'. 92'
1000 do 4'SK 1963 10P4 101 14 lop,;
2H000 N V ltwv 5s 12 12 12
7000 N V W C a: I
B 4'-K . . . .11 .13 53 I
.1000 Penna en I'-jH 9"'.', 9B', 9B'4 .
IR000 Pierce Oil "2ii. int-", 101 1 1 1 '
loon do 1921 ... 91'.. 9ii't 9P,
r.noo Sinclair Oil 7h9Bi... 'ir.i. 9B.
"OOOSealt Al. ndj 5s 5J'a 52 it 52'n,
'.'000 So Pac cv 4 8.1 v, 85 , s.1,
11000 do i-v 5h . .lOI'j 10,1 l.3'fi
7000 do rfd Is . S.Vj S.Tt 83'.,
5000 Sou Itwy Is . RSI, US'.. K8'..
11000 do 5s 9S 9B 9R " '
inno Third Ave Is. 50U 50'. .101. .
3000 do adj 5s .. 28'- 281a 281.
9000 U S P.ubbcr 5s 87'; 87 ', 87"-
innou s su h r f.siuu nn, ion
40000 U K of GIIA.1
B'2s 1919 ..100 100 10O
39000 do new 1919.101 "j, 101 ij, inp,
L'lillOO do 1121 P8i 98'i 9S'J
5000 do 1937 . . 101, 101", Ml-H
WE RECOMMEND THE PURCHASE OF
LIBERTY LOAN
4.VM BONDS
AT PRESENT MARKET PRICES
nil.
454
44
44
44
Approx. Yield
If (failed, or If
Selling at Pir,
Annrax.
Callable Due ,i.!f1!0'. r. ." Yield la
enCjilTableDate Maturity
1932 1947 4.60 4.4S
1927 1942 4.93 4.60
1933 1938 4.67 4.60
1928 4.75
!60, 3100, $500 AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BOND
ISSUES WILL BE FURNISHED UPON REQUEST
MONTGOMERY & CO.
18S SOUTH 4TH STREET
PHILADELPHIA
14 WALL STREET
NEW YORK
CiOVEItNMKNT 8r.ltJRI.lKS tlBrAHTM NT
TELErHONES, IIKLL, LOMBARD 4320, KEYSTONE, MAIN till
1
j
ullll
'-'.-.41 .-,0, t,il, ...
.-ouie inrreitft- in inc niisint ts in fci.ni nt . i icuer val mln
II III
sn.ino 31.1-17 n
H2.tRt.7PI J .1 0
ll.ti.'.t :ill
a.i.is.i.ssi
.11 1117 .103 . I
Total hales 10 4K3 OoO rompare.l with
JI2.4M OOi) i.tr(1a5 . lhl week 5101, nil
ono. Inst week. 1101,141 ooo
." " -- "- " '" it, ...,.t ,, , . . . ' ' "nil'ar.ii ,,, ,,.., .i ...t, ., ,. , , 9i,ti;.,'i"o ,i.ni tot- it.init. ,i t-e.ero.t ,
evpens- of p.lces. eav in. lung sleel ' " .ri,n-i ,$ t.? Ti.H"i hlV" ",' ' ""'" ' IV so .",. '"I ?"l - iV I' " ""
serap has sold in the east at I9 to !. Mk. I.i.h.r. "'kh-' """" CvAh.Vw.lnu" 2B'a -St." & .' '. Wilson M-V. . I s I. en adml.l.-d o.-h-r'JMer :" l" ''" " -''" 1 "-1 ''
per Ion delivered, against IJJ to $2.1 i Woolwoitli . 127'.. 127 127 ' spit ia! pan net in the- Ilrm of C :, ,., sj-, 117 -j07 707.07.1211 ,17-
per Inn u week i.go. and 529 per ion . rilislterah. Inn 4 ;.vtti fi.,. 1. iVmlli P A- M . 57'j 55', 6R Clothier .limes .t l'n !
the tlniernmetit fixed priie up to the 3'.' ..'"'.'1 . "V.,'1.1 ''Jhrs supply llii,? do picf II .. Siiij i,r,i. oB'. , 1, i"ial all
end of tbe .1 ear The market Is weak Mf ,,sr, ei'pT ,-., . .,. , " ''becks f. the I., high V.,11. v Itall,...,,! ; III;.. I
,V number of .he !eadlng s-rap d.alers ' hi.hrr All -ifil,,. V!', ,V,", , 5., ,0 :' 1..... . 3. 1 ..... .bar nu,,r.. ,h J1 i."',,, '", liVJ!' u'lnrnW.',? I "' --' ' -".
, predicting sill, loner .p.ota.lons he. .n3Wf ,T,',,S:1 tiTL."'? !,r.,hl""' Vrr -Ab '" XX.X,kJ Vhe S3 ' "" I 221 Bis 9.1 1.QI0.727 Stl-uo
cause they can onlv n-e many pro.lucis 1 M.v i:s su. ,,ii,cl uo1""..rJ?" !.' " ' '' ' "ari'- r..-..,i. .,.. i.nu tn- n,.u ,n. i,i'.i ...11 ' -r.,.. u.i '
. " " 'V. '" " " "- ' .ll'.itisi 11 III. i"n. 1.
BarnetOil&Gas
Illll'dllT (OI.lt Ql'OTKll
Morton R. Alexander
Phila. Stock Exchange Bldg,
21 William M.. N. 1. Clly
FINANCI M.
coming to the market as a result of
rsts are looking for a much uuliker ie.
adjustment than will take place in fin
ished steel products
up. 122
No (Midline in Itrfiueil Sugar
I Iteflnol hugais ore
. less 2 per cent for
1 . t-iui -ii 11 1 i.,. 1 it.. i.iuii 1 ri 11 .1 rnpr 1 iniii, 11..1 ...... . . . .
IU.m uiu .1 it, l...r. 1 j.,, . .J -.i.iiw - - - '". ' "nil- inrelgll t-XiliailKe was tven e,s active
.. ... ...--. -.- .n, nut . rawn 11 urann a.ei
- ..... una t.t
Annual Meeting
the shutting down of manufacturing war I.1..1 lini,tio, v. , j. ( c vtti r i.hangc 1
products llowevei in other nu-irlers " r.".'V ',"-.. j"' ll'"1 1 N' Inrk. .Ian.
there is a better feeling and these inlet I -,'...' hs" "'" '"'" ''" """' Sue luvt.r 1.1 unchanged at 95
be l-ettli.l on Mollll.lv
lOHKIC.N KCIIN(.i:
tllWs fur
Week 17 29 .'IO.'
a--3 Till, ir.1.1 atciaci.it. i.icij iiau
r MOTt.UI.7T7-. 2H2, Jd T"r' ANC'K COMPANY li,aiJtt-
Fnilneipni. rcetnDr -I. IBID,
'' I) t'ClMll f I 4 k. C?T I TPf tV'Mi "v
Ni orL, .ln I Th market for 31-' - i-'i ,'11""" i omr of th company. !n the lVnn Uututl
1 1 1 i i
1 nV.-.ii."nM.J,.,uii".',!l..l.uJ.1 .".f"'M "'.'. )- drawn on granulated, but Is ff,.rii,2 than 011 I-'rlihiv w hlch is not liu'usu'al for ' vrr ... . .. r. ci... c-.... .-.. I Phu. V.. o?..?.10"?"- '""" t81. b.
miihi'ii v,. ,-... .i .-''.- "'31.1 ,, ., .,,.... ,.,.. ...t . .. "7 ,. Saiiinlni 'I In. lont. u-ntt ulettdc t.t.rf n.-raii nr inn .--iiini. ,-iuiiiiailliai urnn nn u " '.','.?, '. a t.B.
I-rlnclpal pioduceis of feno-nian- .y. , ;,. '".V 'i',VT,?s"1' t, ZJi"f- Inues u"; ,; ,1 f "' 'i;' "7'r;'" "rtf" ' l1'" In CM Rwne. nXM-P? Vr'eW
ganese met heie during the past week " 'ih.- Jin . -..., n . ee.. n"ii, , 'nutH ' "Ll '" ' ''""leu amount of ,,is ,,, pp,..-lali irue of guilders and .,., ,, ,,,. .,,,,., , 2T7..tT.v vitiiivii ,,..
nnd expres-ed the oplnioi. tba V22.1 P-. ""'" " I ... .-... '""' business Haws am unebnng.-d nt r. nsr.e Si.-kholm Sterling a. slightly higher I li v.eLl.l atenunt of the Ve.Jeral jgs- r'"il.:n'iAJ1l"Ji r!.-";V?.Kn .
itiin t-..it-. rt-o i.tr ci ....ul. . ..... 1 . inieiiiiii ona toininit.e on K1I.I0 Oiioiatlnns were n.-seiie Hank slions 11 substunt al diop "' t.,rJ". "V. ' ?. '".', "'. n'o
ton would be., fair level for ftrro-inan a.rang.d for .he bipment ,v" i,1, I . . si r n; I ;:,', cables 1 74 I" gold ries tepoite.l at 112(1.51.1 251 Ai"hu',dMtlnir rTh."".!,!.1,!!-
ganese at preeenl although no agree- ,.,';,";., '" J" '-Ho.lsHece.pt., n-on.h of, 17.50., bigs l-orto Ilie.,!. 9 1., "sVitwdav I.Tlls n .mlnailv 4 7I',. on Jai.u.irv .! as against II I2.S38.1C9 on ' Th .TfnJ'ih.'"'!. cllonf niV?? .'J!
ment vvas leachetl Ihatiould be ton i'--i 1.1:-., e.o.s 1 head Htloai at . 2Se .- i f . and ".1 no., ,,,Bs nineti -day bills 4 7P I, e. ember 2. I iJr,e durlnr ibe en.uln; ear will b htld at 1
sldered as price fllng Tbe new- nom .-lli;i:. Keccipia .1.1.1 ,..U I'uba's fur shlpinent thii month ,tl -'i,inu . ables 5 45', .becks 3 Hi llills dlsi-oiinteil secured by Coveru-' ihe banking houas on Tueadas. Januarj H.
lnal quotation Is 125 per ton under tl. 5 !8o c and f. I.ue cables '. .'15. . I..-, ks .1 37 "lent wai obligations, show- a slight coil, 1019. lyiween th. iioura of 1. o cloik nooa
tJovernment H.d price which has been "u;h '"'l". -'-n I -lions ICdpt,. . Swiss cables t S2' . .-br.-ks 4 51! i."!.r.ll.'.'i',1.""l"B 1-53.387. against ,no J. WJt. HAnDT Caahl.r.
..t.a i..i.t uir... ! vl ...'.r-!". liullder .iiblis 29',. 1 hecks 29 ir,l,llB,92..
'nesalcYof fei.o.manganese ate re.1 'nfe!i'-7HV4r' i.Kl' SS COVKR-NMIoVI' IIO.MW '.:.:'-i..'!!r". -.. ' ?)lf1 -R !ia"0.. ". J"'"'.'.', ' "fi 'J."0. qKA,0N.,V.K5.,.TVn."A??!.....
The GUARANTEED MORTGAGE is
the investment of unvarying value.
ti ocing absolutely non-speculative, it is
never necessarv to "charM off" W--- --,
Notl- account of a declining market.
Fluctuating Both principal and interest are guaran-
Investment lced by ,ms t-omPany with a record of
cicyen ana one-halt years business, during
which time interest payments have never
been a day late, nor has a dollar of principal
ever been lost by a client.
PHILADELPHIA COMPANY
for
GUARANTEEING MORTGAGES
W' ;S'on L-"d Title Building Phii.d.iphU
polled 10 have been made in the last
day or two al 1215 10 S22o per ton and
the actual market must be conideie. at
almul that flsuie Domestic manganese'
.NEW i.)HK coirn; MJ,KKT
t"Sl.lre.l 19.111
.ouiion. I'.IJl.
t'Hi.tre.t l-jls
Iln1
Its
tl"
I.'...
A'.-. Itubbt tuiren. y was ir.t dull nt the ''H
slight fr.u-tiun.il rally of IJ ', 11 j 27
ent, against IIS pircent on December
si
M
alK.ut that tlguie noniestic manganese n ,rk, Jan I- The market llii-. 3. touitou, mis
oi-h Is quoted nominally al 3 cetiis per 1 ihuiiiIiik was again in the hands of, 1- --liei i-.l 192.
unit, a pioportlonate 1 eduction, but no 'bote bearish! iiiclln.d i.ml aiay at ' :t!' 'nanu-reJi i'om'
business Is being done 14 9'S- ehowe.l a decline nf r.tt ni.,. ' '...' . ,in,,.m tint-.
;v . . .. .. . ... ....... .1 .. .. .. --- i'.... ;;--:. .: :-.- -
IJafeiern par iron inaiiers neiu a nifei- .". "" iri,,coitig u. mt. eAchange t-anama ., r-n , ...ot . -i,
Ing during the past week and decided to b,jm tel' ''-O" "S- Patina SV fell ' pui ' ' 2s
hold prices unchanged at present because I A leading Importer ha been H petitlst. r.mnu 'li coupon,.. . ."hs
of th high cost of inaiiufiicturliig and ent tdler and ilitually all the offerings
the labor situation. 'Hie nrhe for bar 'came fiom Ibis source, with l.'urcpe tak. "
Iron is 13.50 per 1U0 pounds, but In Hew- '" " " .' "S s"'- on ilie decline There Collnn lluier. ami ell..e.
In..',
inc.. ;
DIMIll'.ND.S l)i:ci.Ui:i)
lli.ltj-.tr ,tj Title and Trust I'oinpant mp.iiI-
monf.y.m:ni)in; n ti:s
.ll..l)i:i.l'lll Call, '. per rent;
12.70 per 100 pounds. Ii Is llkelv that the
demand for Iron bars will be limited for
a time at least.
Warehouse Intel efls In the east w-lll
follow the reductions made by the manu
uicoiiuge iiggiesslte buing.
New Vnrk, .1,11. 1 Colon 1 1 it 1
eis and Schlll offen-il
Wat.
ix-eau rrt ig it renin waa s.il.l t.. 1..
mole plentiful at slightly below- inaxl- I March ltuiell. i:insteln Sleinbacher
muni prices. I'lrni offers recent v have Mitchell and Schlev bid; .lohnson c
been declining from dav to du.v.'and It I Uhee and Kelffer offere.i.
was rumored this morninc Mm't u... m... it.. ....... . m.c...i.i.... ..
f.Cturers of tlnl.hed prnduct. One ware.J Is had eold at 2H,t. .o an. freight, I Uo'yce. num. ilirfoid' faesar.i ami n.I.u
house has announced Its prices at II 57 'steamer shipment. l,on..,n eiedits I I'tt hid. S.-hlev. stelnlttirlni, Ilartcntn
rer 100 pounds for bar Iron 13 97 pee Theie was no ihange in the lo.nl .pot ScliMI nnd liter offeied
100 pounda for steel bars JI07 pte 10.) mink-, -'niiios on the spot niv warce .lul -'on... Ilartlett Wales Wa.-hs.
pounds for shape? 17 57 per loo namids ""'' '' "''- '"nr" "r le.ss nominal man and Itoaenbrig hi. I s-lianz Imwo.
annual of 7 p'l cent, paiuble January !k lo I time, 5, j 11 per cent. Commirclal.pa-alot-k
nf r" or'l Jaliuir) 2 .,pr three to sl months 5ilS tier t-enl
lllglllll .Satl'ilMl llauk semiannual of 10 , , C fr , ' ' ' '
per tent, paiable nn deuuliil "' iu"ui"a. t per ceni.
SitutbueHlern N'atiitnil ll.inl. ..mbnn..,!
ol 3 per .eni. iiainblx on il-maii. I.O.NniiN Money Is U0ted at 3 per
'', """...Manufjeturlnj 1 mnpant nuar- r,.ni niecount rales short and ibr.e.
iti nf 2's par cent on .(,1111.1011 pajable it.ecoiin. raies, suori ami inree-
IM.ni.rv 1 tn lot k nf re' or.l January -Jl 111'Ullh bills. 3 17-32 per cent.
Illiiinl" Northern t'lilllie, i-oniti.irv, nutr-l . ,
civ of I 'j iit-r ..id nt. ttit-r.ril iiamnii
l-'.l.ruarN I lo altMk ttf ret tnl lnu.r -Jn IIWK CII'MUMJS
1-iil-l.uri.h ami IV.-i V irgin.it lUiAta. lrw l.l.l. Ml I ,M t.s
.itli.l. ll of Pt t-r .-.it pf.-r.ir.il t.dv,it,l, la lik ilfrfru.3. Indat rompare.l ts.tli ( nr.
Vlaiili 1 In at.M k t.f r curd I'-lnuir. 1,1 r.-aponiling da laai two .tears
. i.tltlnental Motors I'fiinpaut. nijaiterlt uf 1 ... '"'' J 01 K 1917
. 4 p. 1 .'ill 1.1. I'rtierrei ia
1,. .1 mi.m w 01 .etoro iti
'rt.. .emtal mcetlnB of th. tllt.bt...l.
..-." --IV. . .u. t,.-t.i- ( .""....uti-
d.5. January 14, 1918. beltte-n tha houra of
It noon and P. in., for the election of
Director! and tna traniaetlor. of aurb othtr I
oualntij ai may come beere the meeting. ,
W II, McKKB. I
Caihltr.
,stllK PKIIv7llK.NTi.IKE AMI TRL'hT
k& rOMI'ANV OK rilll.ADKI.PHU.
Th. PlflV.foUrtll Alin.lal lla.t.n- w.9 n't..
rrm Went I.lfe and 'fruit Company of
Philadelphia will ba held at Ha office. I
Knurin "no M-.ttiuv ei on rteeon.l liar
! 1 Honda t I. th Thlrlernlh Par of Klrat Month
taatt.iarjt. ...... ... u c-irca a. m. An
election of ttle IJIreetnra to aerva for three
leara will Its held between Ihs hours of 10
a m. and i! v , in 1
l-KON'VnU C" A SI TON I
tiecieiary.
for So. IS gaug" galvanise. I t-hects 11 1
per 100 pounds for -Vo. lu gauge blue .11
annealed sheet., and 16.22 per 100 poundd -ui
for o. 28 yauge biacK Biieeto.
Henlenilwr
UictmWr .
Ui lire, lonignn.et lttum .tut. u
1 iiinioens nrfert tl
llctoner 'Iruuthsl .(oil IV 1: n, lit
!!"o !'"? J",",",' !JV" M70 hifl. K letter. Hartcorn and It. Hubhaul , 'X'.",1"'
II atf 11.53 1I.3J 11,70 15,40 offered. I Vjiu
v. .
".h II .'ll l.-t I , . , (.,
II "II II II l Jill IIP lltlll
'.I'-' 1.1 111 1.1 kl.
HMI.ItOM) KMIMMi.i
iii.-iiii . Nil i:mii;r.n' ti.i.iMtiN
in. .,
llill'
iImt L-i 'iHiBlim . $A4a.3e,.U-( S4.:t7t1,0.K S4H Jai 40H , , fhHaclHnhla. Pa.
Wink will nt- nM at the a T.auklnr ifouse n
r ews
1- tf. I aV S
mi t in. nt ii .
n .ii'inlliM un.
li.lfHf.1 nfliT t.i1
n in omn
JJtirraeo,
IMlldnd
OfTWf. r TI10 I'nMrd flat linprn-fin-nt to.
N U Conir Ilroad nd Arch tr-.-t.
Turitda. Jammrv, 11, 1919. bciwn lh
houri ot 10 o'clock m and it o'clArk m
W Utllt.AlAtl,
. Ct-nh.r.
I1
..' ..-o ,..- lira, -i-is I'luiddelDhla n.r.mh.p II. lola I . -r niirtiiivi-.sti.-h v s.-rntv-.i t......
. I J 'l.ti'1'i I" ""',"'. " '"I' -y d-clara a i? Tl.- Ulinual election for dlre.-lor. irlll
Isti. .. I ... 7-.... it....i Oli.ddid of "J Par rent (II p.r he hrld al th hinklng liou.a mi TtieJa.
Ail I'i": .' ,'11 "' i ..Mr,. W.il,n,Ja"nu.r.l U, ,910. '? .lock" January II, 10111, between the .liuS il if
: n;t 07J I mi 30J f"idra of jrcnrrt at lha cloaa of builiiaai a. in. and 1 u. m, .wura ot jj
:isj;-31 'J 109 MS j D.c.mlr 11. "V.V. MOBma, -rreliUHV.'1-I UNKOIll) ii. NICK.
Tis
I
l-RAZIERerGj
aoo aNDflamon Sratrrs
TAKE PUEASOFlB IN ANNOUNCINO THAT
MR. NELSON C. HUBER
HAS THIS DAY OECOME ASSOCIATED WITH THEM
IN CHARGE OF THEIR
NEW BUSINESS DEPARTMENT
JANUARY 2ND. 181
j'i"l-'i'.1- -a'f
-?--.. .,.-..(!,.. ..Jn-iifieHlJ.- r,.fWl-
W-Wy-t Ma.ii'iijpi
tm
I
i r
i
i
a