P
$
' 14
EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, JANUARY 8, 1919
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
' "wr-JiTm ?!
tw
it
$f
.
t
K'
s
w
:,S
January Investments
U. S. Government Bonds
Foreljn Government Bonds
Stale and Municipal Bonds
Railroad Bonds
Public Utility Bonds
Industrial Bonds
Our January list contains
seventy high-grade issues
representing every class of
desirable investment.
Yields range from 27e to
more than 7Cr.
Atk for Circular 1' K-tss
The National City
Company
Cctmroniini Officii in y Ciliti
railsdslplua 1421 Clmtast St.
Telephone. 53J Locust
ABSENCE OF SUPPLY OF LEADERS
FEATURE OF NEW YORK TRADING
Tobacco Issues Attract Most Attention Texas Land
Trust'Soars Short Session in Memory of
Ex-President Roosevelt
WANTED
. INVESTMENT BOND
SALESMEN
OUTSIDE PHILADELPHIA
WELL ACQUAINTED
IN THEIR OWN
CITY AND COUNTY
Adviie Qualifications
By Mail
iNcoapoRATce
Stock Exchange Bide., Phila.
New Tork
High Points in Today's Financial Ncivs
The .Vein York stock markrt closed at 12:30 out nf respect to the
memory of rr-1'icsldent Theodore llaoseiclt, whose funeral was held this
afternoon. Tobacco I. sues attracted most Interest. Hupply of leading
iloeki and specialties that hare recently been aetlic Kan imnlt. Htandnrd
Oil shorts led Cuib trading. Corn advanced on icnewed butInn. Xno
York Cotton l'.xchanae was closed. Indication were seen nf heaviness
In ncutial exchange. Two ticio Issues of Treasury certificate were an
nounced by Secretary Glass. Bar silver remained unchanged.
New York Stocks
COSDEN &
COMPANY
"k
Important drilling opera
tions on newly acquired
acreage.
Transportation, refining
and marketing facilities.
Earnings, dividends and
outlook discussed.
Analytical icport iinf compiled tl
lours lor the asking. 1 ill in and
r"tl coupon.
SdfNDT&DEERY
2Irabrra
Conollt1ntcd Stork- r'nhanae nf , V.
628 Widencr Bldg., Phila., Pa.
I'll.! Hell. Mill. tOHO; Kurr 4080
.m tnrk nntre .111 llrnjd M,
fhivati: vnti:s
Nimo
Street No
City . . Vate
s i-,
'orth ontli Kdt and We.t .
All Mioulil Invent llur IV. h. .
DiciiiiBiriaimmHniin tin h i tciiii inTTninni' i: i mui i uj ri m imn n Ht7i! iirui ruiw uiiiiutBi
Investment
Suggestions
We have, just prepared n cir
cular listing 05 attractive bond
offerings, including:
38 Municipals,
15 Railroads,
20 Public Utilities,
4 Industrials,
7 Foreign,
11 Short Term.
The rate, maturity, price and
yield of these bonds are in
dicated, ns well as their tax-exempt
features. Many of the
bonds are legal investments
for Savings Banks and Trust
Funds.
Send for a complimentary copy
of this circular, No. LSI.
A. B. Leach & Co., Inc.
115 South Fourth Street f
FSsnsiuaiiiiiiiuiiiniiniWitiiiuHsiiihiiiiiiiiiiiisiiiiiiiiuiiniiui.OHiiiimiiuuuiiussmms
New Yorlt, Jan. 8. The stock market In Its short session today was
crowded with many Interesting features. The most Important factor In
the trailing was the ficncrnl ulisence of supply of nearly all the leading
Issues and of tho vurious specialties which hail been made active In the
I.Lst few weoltx, tho movement Including gains ranging from 2 to more
than 15 points.
There was less Interest shown In the oil shares, but tho activity In
the petroleum trade was reflected In an advance of 37 points In Texas
l..ind Trust to L'30. The high of the this stock last ear was 150.
Texas Pacific was the most active of the railroad group, moving
up 1 point to alwve 34, nnd there was a fair demand for Southern I"aclflc
nt prices ranging from lOO'n to 102. .
The greatest Interest was In the tobacco stocks, with American Su
matra Tobacco moving up moro than 3 points to 99, while American
Tobacco advanced to 205, the highest price touched In a long period,
(leiierul Clgurs mado an advance of more than 2 points to D3si and
fulled Cigar Stores moved up 14 to 112.
Barrett & Co, was another strong specially, advancing more than 3
(mints to 114V
Traction stocks nnd tionds continued In good demand as a result of
tho general bollef that an advance In fares Is close at hand. Brooklyn
Itapld Transit was tho most actlvo of this group, advancing more than
1 point to 20",. .All tho bonds of the traction group were strong also, but
without much business.
Marino preferred was exceptionally weak, falling 3M points to 10" l.
United States Steel was strong all through the trading, advancing
Ti to 94. Hide und Leather Issues wero actlvo nnd strong.
Government bonds continued In good demand. Hallway and othor
bonds outsldo tho tractions, wero Irregular.
The market adjourned at 2:30 for the remainder of the day out of
respect to the memory of ex-I'resldont Theodore lloosevelt.
High t,mv I'lo.e
Adv Uumely... 24 14 21a 241,
do prof 69 C9 r9
AJax Rubber.. 68 6 68
Allls-Chalm Co. 33 32'i .13'.i
do nref S 83 84
Am Art Chem.inj MH 102
Am nwt Sugar 73 4 714 73
Am Can 49 48ta
do nref 101 100 1
Am Car & V Co 91 i 90'i
Alax Hub rlH. I. IS
Am Cotton Oil. 43 43 43H
Am II & V.. 151, 11', u,'i
do pref 77 'i 76 77 tfc
Amer Inl Cor 66 66 66
Am Linseed!.. S2U r.o', r.i'i
1 do pref.... 917, 91!, 91
Am Ixco pr. . 102 102 102
. Am Malt .... 4'i V, 4'i
I Am Smelting.. 76 7J 75
vm Mnell pr..in6t mo'- iwo-j
Am Sum Toll. 99 96- 99
Am Sugar 114), 113 U4,
Am Tel ft TeLlOOU 100 100
Am Tobacco. ..205 204 204
Uo nf (new). 104 101 104
Am Wool 31 i Bl 51
Am Wr l'appf 2, 2n'. 29 'a
Am Zinc & Lcl. 12Vi 121.. 12
Anaconda .... 60 69t 60
Asso Pry Goods 20 1 17 'a 2"i
Amo Oil 70t.j 70U 70i
Atchison 93 92 93
Net
rhir.
l!!'
48 i
01 1
9H4 f4
ls '
RENEWAL OF BUYING
STRENGTHENS CORN
Business Is Fairly Active,
With Commission Houses
Operating on Both Sides
C'lilracn. Jan. 8 Huylng of corn wns
renewed this morning and the market
opened stronger Business was fairly
active, with commission houses on both
side. As receipts were again small,
amounting to only 286 cars, and ns tho
cash article remained firm, shorts con
tinued to coer.
Offerings were limited until fair gains
from the preious close were made, when
there was considerable profit-taking and
Nalues eased.
There was a sharp luHance In oats at
tbi' outset and lONerlng by Rliorts and
purchasing by some of the leading com
mKsion houses On the rise, local In
terests and commission firms sold, lead
ing to a reaction.
The receipts were small, amounting to
onlv 101 oars here.
1..1'llnff future runecil a, follow
lorn n"u nllvrrs
Open lllull T.AIV CJoe
..... I 11 1 illt. 1 4TU 1 4S
JUi 1 41', 1 12 1 I'l'i
natu
l.m 71', Tl' 71'
iU
l.aru
I it, 2.1 4-.
Mo 21 111
nibs
.In 2.", '-!
M Mil",
' l'.i k
Mm
I Mav
3's
1 41'.
71',
T".
c In-
1 47S
1 lll
71
23 r.
24 n
j"i 117
L'4 III I
4ii tin
4k;n
21 si
4 on
:. fin
L'3 H.-i
4 It 70
43 37
2S 3"
21 UO
:- no
23 s;
46 70
43 37
23 r.
J 4 11.-1
2T 7
21 8-1
.37 00
43 30
Keystone Tire
Dayton Coal & Iron
Island Oil
Charcoal Iron
The abiiv. Issues toiered in a
s-pecial circular Jus! Issued.
I'd;)' icithottt obligation
FRIEDMAN & CO.
07 l:rlmnue PI., New VorU City
Pliibiil'lphlt I'hlraao
STANDARD OILS LEAD
TRADING ON THE CURB
Independent Issues Fairly
Well Held War-Order
Issues Are Quiet
w York. Jan. 8 The Standard Oil
stocks became the most prominent
features In tho short-day trading on the
curb, with Vacuum Oil advancing to 420.
Standard Oil of New York rosP to 320.
and of New Jersey to 705. Independent
oil stocks were fairly well held and with
out much change In price. Coden & Co.
was firm because of the good showing
made In the statement published yester
day and was traded In at 7 and 7.
(Hen Itock sold at 4 and 4'2, and
lloyal Dutch was traded In at 74 to
75.
War-order stocks were quiet. Aetra
Explosives selling at 734 and Wrlghl
Martln at 4 and 3. Submarine Boat
sold at 12 to 12.
Motor stocks were strong, Keystone
Tire ndanclng to a new high at 30 and
then reacting to 49. United Motors
?ohl nt 35 to 35.
t'nltcd States Steamship was steady,
Felling at 5.
Bonds were Irregular. HussUn 6s
ranging from 49 to 49.
V'ennsylvanla Railroad 5s were tradod
In at 98 nnd 98, and Wilson & Co.
63 changed hands at 100.
INIil'HTHMI.H
BENNER & COMPANY, Inc.
Widener Building
OFI'Ert THE
7;
Cumulative
Participating
Preferred Stock
YORK STEEL
CORPORATION
Subsidiary of
YORK CORRUGATING CO.
k. Pa.
Particulars upon request
BarnetOil&Gas
IIOL't.HT SOLIf Ol'OTEll
Morton It. Alexander
Phila. Stock Exchange Bldg.
27 William St , V. . Cltr
Aetna i:plosles
Am-Brlt Mfg
Am Marconi. . . .
Amer Writ Paper
Air Reduction... .
Canadian Car Co. .
Can Cur & Kd. pref
Charcoal Iron.. ..
Chevrolet Motors
Cramp .
Curtlss Aeroplane
(amen Tool..
I Carbon Steel . .
1 Kmersnn Phonograph
Hendee Mfg . ,
I Lake Torp Boat . .
I Lehigh Coal Sales
I.lma Loco
Maxim Munition:,
N Y Shlpbullilinn
Nor Amer P.ip Pulp.
I Otis i:ie.itnr
I Peerless Motor
I Poolo ling
Scrlpps-Bnoth . .
Standard Motois
Steel Alloys .
Submarine! . . . . .
St Joseph Lead
Todd Shipbuilding . .
Triangle nun . .
Cnlted Profit Rhiring
C S bteamslllp .
Cnlted Motors
World I-'llni . . .
Wright-Martin Air. .
Hid
50
143
7
11
Test, close
Aslv Kale)
7 7;
6
4 4
2 .
Gil
33
85
8
loll 145
83
13
S
ion
2 ..
2D
H
1
3
'.i
1
'
1
ah o & w 1.1051; 104 104
Baldwin Jak-o . 75 74 75
Bnlto & Ohio.. 49 49 49
Barrett Co ...114 112 113
Beth Steel pf. 88 88 88
do 11 62 61 62
Bky Hap Trim 26; 21 26
Butte A tfj Cp 19 19 19
Cal Petro .... 2.1 22
do pref .... 69 68
Cent Leather.. 61 60
Cerro ilc Pasco 3.1 33
C & S Am Tel. 110 110
Ches&Ohlo.. 67 66
C M & N't P.. 40 40
do pref . 73 73
Chi A N'thw. . 96 96
do pref ... 132 132
Chi It I & P tc. 25 25
do 6 pc pf. . 67 67
C It I &P 7pcpf kO 80
C C C & .HI L. 35 35
Chlln Copper.. . 17 17
Chlno Con Cop 33 33
Cluett-Pbdy pf.I03 103
Col Fuel eV Iron 37 37
Corn Products. 60 49
Crucible Steel.. 58 67
Cuba C Sugar. 3t 29
do pref .... 79 79 Vi
Del & Hud... 104 104
Den & KG.... 3 3
Dome Mines .. 12 12
Detroit i: C It.
Distillers' Sec. 55 64
Erie 17 17
do 1st pref.. 28 28
do gen Hen. . 56 06
Oen (.'hem Co. 170 170
rta.lnn.U'roa. .. 20 29
Oen Cigar Co.. 53 51 '
Oen i:ii'ctrlcal,149 143
Oen Motors. ..130 130
do pref 83 83
do rfd 2 1
Ooodrlch II V. 57 57
Oen MotorH rts 2 1
Ocodrlch B Tpf.103 103
Ot North pf... 94 93
CJt Nor Ore sub 34 32
Illinois Central. 98 !
Int Agrlcul pf.. 53 53
Insplra Copper. 46 46
Interb-Cons C. 6
do pref 23 22
Int II C (new). 117 117
do pref 116 116
Int Mer Mar . 25 25
'4
2
i;
1
5 4-
49
113 3
88
68
6n
33
110
67
40
73
96
1.12
25
67
80
35
17
33
103 Vi
J 4
50
58
soa;
79
104
3
12
a-1',4
1J
3
-I 1
Ta
'is:
66
17
28
56
170
30
62
119
130
83
nNAMni,
nniml Meeting
3Slllr". I'KnVIDKNT I.lfK AND TRUST
i-O (IIMPAN (IP llllt.AIIKI.IMIA
The. Klftv-fourth Annual Meeting of The
Priiviilmt Life una Trtiat Company of
Philadelphia will he held at It, office.
Pourth and Clieatnut ate on Seeonil Par
(Mondiirl. the Thirteenth nav or Flrat Month
1.1 inimrrl. lull), at 111 n'rlnrv am ..
elertloii of file Dlreetora to aere for'thre
ft, I 1. 1YHI
a in and
I be held between the houra of 10
I.KO.VAnD C ASHTO.V.
Heeretarjr.
,SS' rBXNKl.lN NATION l, 1INK
I hentniit Htreef. let m ita
Philadelphia rierembT 23. 1018.
The Annual Meeting of the Shareholders
of thl, bank for the clertlon of Director, to
e.re uuillta um runuiiiH jr.r Will h held t
Hie banlcInK bouaa on Tlieadav. January 14
1910. between thu hour, of 12 o'clock noon
Kt
30
35
2
62
18
20
la
S
4
12
13
107
38
"i
65
18
40
30
8
S
12
14
10'J
r.
25
3
STANIIAItn Oil
and X o'clock p rn
J WM HArtDT. Cashl.r.
Illinois . . .!:
Ohio ..325
Pralrlw Pipe . 268
S O Cal . ..263
HON.! ... .711
SONY. . ..328
iNiip.rr.NitKNT on,
Barnett Oil & Oas . '
Cosden & Co
Elk Ilasln ..
Federal Oil
Inter Petrol
Houston Oil .
Merritt Oil .
Midwest l:eflnlng
Met Petro! .
Ohio I'uel
Oklahoma P.ef
Sapulpa P.ef
Senuoyah
Sinclair .
168
3.10
268
713
645
265
698
STOCKS
MB. HAAS
lately of the, lnrnnr
Tax Department
Washington. D. C.
INCOME TAX
CONSULTANTS
Specialists In preparing
and filing returns, auditing
and closing hooks for cor
porations, firms. Individ
uals, estates, trusts, etc,
HAiS & CARR
Public Accountants
PennaylTunl Building
,S5 Till". CKNTRM, NATION J, n.VNK
1ST OK PIIILAnKLPIIIA
The Annual Llertlnn for Dlreetora of thl,
llanfc will . held a; the lianklns llou.a on
I Tue.day. January 1Kb. 1010, between 11
I a. m and 1 m
wm t. co.vnAn.
Caahlar.
Bpruc, 913
I itSSr'THE PHILAIIEI.I'IIIA
u-
Phlladelphla
NATIOVAT. aiv.
m -.'. r ' Jis.
rz& iwr. hilhtii htkvikt
:S NATIONAI, nVM
Philadelphia. Derember 80. l"a TK
Till Annual i.ietiion inr uirectore wlllba
he d at tho llanklnir Bouaa nn T.,-.i.."
January 14. 1010, between the houra il
" rLArtlC Ca.hter.
IKJ5NORTinVKSTKRN NATIONAL ITANk'
' iwi annual riecnon for Qlrectora will
he held at th banklnc houssYn TmU
January 14. 11. between th. Siouraof ft
, m. and 1 o. m.
L1NFORD O. NICE.
CaaMer.
MB. CAim
formerly Itevenu
Agent, Income Tax
Department
Philadelphia. Pa.
U. S. LIBERTY BONDS
$50, $100, $1000
.otoht. KtVvr5!SrrMM,s?'D,:D
, !, jHWfwffer, iMMcrsM a Loei
Wr- xiH smmnvvt street
.TBCKSS1
12
6
214
18
82
23
8
st;
16
9
7
V.
23
MINIMI hTOCKS
4
6
2
18
83
24
120
6
2
do nref
Intern'l Pap . . 31
Int Nickel 32
Int Itap Tr nf. 72
Jewell Tea pref 89
Kennecott (op. .);,
Ix-hlch Valley. 55
U& M T Co pr 110
L-v Ills CO,. 44 "a
do 2d pref.. 96
I-orlllard P.... 165
Mackay Co ... 71
Marrook pf . 108
Max Motor . . .'.i
do 1st pf . .. 52
May Sirs pf .104
Mex Petrol . ..16
Miami Con Cp 24
Mldvale Steel . 44
Missouri Pac. 26
Mont Power .. 73
Nat Acme .... 31
Nat C & Cable. 15
Nat Biscuit pf 118
National Lead.. 63
Neada l Cop.. 17
N Y Air nrnke.10.-i
New York Cent 74
N Y CM & St L 30
N Y Dock pf.. 48
N Y N H & II. 32
Norf & Westt. 107
do rts 1
Northern Pac. 93
Nova Scotia StI 34
Ohio (las . ... 44
Ohio Pu.-l Sup. 44.
(intario smer
Pan Am Pet.
do pref . .
Penn U Tl .
I'eo Oas & Co
Phila Co .. .
Pitts & West
Plerce-Arrow
do pref .
Pierce Oil .
Pitts Coal
Buy Steel Spg
Hay Con Cop
Heading .
Hep 1 & Steel
do pref
Uo'ial Dutch
Sears Ilochu.M. 185
Shattuck Ariz. 13
35
10:
Southern It II 29
. stanu Mill pi.. x
Studebaker . 52
Stutz Motors. . 5!
I Tex & Pacific. 31
, Texas Co . . . 186
do rW . 16
1 Third Ao lilt 15
i Toh Products . 77
i do pref . 106
I Tex & Pac 1 t.230
I'nlon Pacific. .129
Cnl Alloy Steel 39
I I'nl Cigar Strs 112
I Cnlted Drug . 95
C S Ind Alco.104
U S Ituliher .. 77
, do 1st pref . .109
' I' S Steel 94
l'tnh Copper. . 71
Va Car Chem . 66
Wabash pref B 33
, Wells Fargo Hx 66
West Man I'd. 11
, West Vn Tel. . 87
Wothse Mfg.. 42
WI1I 0erl'd . 26
do pref .... 88
Wilson Co . . 74
Woolworth . .133
Worth I" & M. 57
10.1
94
33
98
63
46i
6
2.1
117
1 1 .
25
-1"
1
r-
1
u
1
110 107 108 21i
30
31
81 89
V" 3"
55 55
iao 110
44 441,
96 96
165 165
71 71
108 108
29 29
52 52
101 104
184 185
24 24
43 44
'.i
1
1
1
4- U
-r3 "
1-1
1
'
72
.125
. 45
. 49
: 37
. 43
. 102
. 18
!!"-.
83
75
.102
Stniaitr Oil
Slmilii I'np
... . ..
73
31
lf.
118
63
17
105
74
30
48
32
106
I
92
54
44
44
71 1"
124
45
' 19
32
6
43
102
17
4?
7i
21
82
102
76 1.
184
13
34
101
29
88
51
51
33
185
16
15
16
73
31
15
118
65 ,
105
74
311
48
32
106
1
13
84
44
44
t
71
121
451,
49
32
43
lfij
18
!2'
.5
21
82
75
102
76ti
185
13
35
101
29
88
51
51
31
186
16
15
77L
1
1
-
1
1
14
1
io3 ins -r .
195 230 37
128 129 tI
38', 39
111 111 -el
94 91 s;
104 104 ,
77 77
109 109 if,
93 98
70 71
51 36 -r U.
33 33 .. -
C6 66
11 11
87 87
42 12
23 25 l;
88 88 ,
71 74 4 4
130 1.12 3
57 57 - 3
DISTRICT OVERSUBSCRIBES QUOTA
OF U. S. TREASURY CERTIFICATES
Total of $53,104,500 of Third Issue Reported Two
New Blocks Announced Local Exchange
Closed All Day
Suhscrlptions of banks In thin Federal Itcscrvo district to tho third offer
ing of United States Treasury loan certificates, Issued In anticipation of tho
fifth Liberty Loan, which closed nt noon, totaled 153,104,500 ngalnst the
tpiota of $53,000,000. John II, Mason, director of sales, was well pleased with
tile results and said that the banks had responded splendidly.
Tho number of banks subscribing to tho Issue wns 010, as compared with
572 on tho second offering closed two weeks ngo.
a
Announcement has been sent Jy Secretary of tho Treasury Glass to Fed
eral rtescrvo banks of the tssuanco of a new block of Treasury tax certifi
cates of Indefinite amount, dated January 16 and maturing June 17, to bear
Interest nt iM per cent.
At tho same time tho Treasun1 announced the fourth block of usual bi
weekly Issues of loan certificates, to tho amount of $600,000,000, also dated
January 16 nnd maturing June 17, bearing Interest nt M per Vent. Subscrip
tion hooks close January 31.
The certificates of Indebtedness will prepare tho way for payment of
Income and profits taxes next June, since they will be accepted Instead of
cash at that time, or within 60 days before their maturity. They, will not
be accepted In pajment on liond subscriptions.
Treasury certificates maturing Jnnunry 16 nnd January' 30, as well as
tax certificates maturing July 15, will bo accepted In payment for securities
of the new issue.
Treasury certificates dated September 17, 1918, nnd maturing January
16, 1919, will he accepted In payment for tho loan certificates announced
today.
On the fourth Issue the tiuot.i of the Philadelphia Rcscno District Is
$42,100,000.
There was no stock trading on tho Philadelphia exchange today. Al
though the New Yoik market was In session during tho forenoon,
by voto of goxernor.s of tho local exchango yesterday the market in this city
was closed all day out of respect to tho memory of ox-President Theodore
Itoosevelt, whoso funeral was held In tho early afternoon.
Attendance In board rooms of brokers' offices wero fcmall during the fore
noon, and this afternoon tho offices were only, open for usual banking busl-
NEW YORK BOND SALES
inch
J1000 Am Agr 5s. .. 98
.130000 Anglo-Fr 5s.. 97
12000 Am For Sec 5s 99
1000 Am Smelt 5s 92
1(100 Am Tel r 4s. 78
2000 Am T & T 5h. 93
9.1000 do Cs .... inl
15000 Atchison 4s . 85
2000 B & O 5a . .. 81
S00II do 4s . . 81
190(10 do cv 4 s . . 79
71100 Bradeii Cup 6s 96
15000 Bkn Hap Tr 7s 85
6000 Bordeaus 6s.. 100
'5000 Cent Lcath 5s 96
lOOOChlle 6.s 81
1000 C & O cv l',2s 81
10II0C & O 4.s .. 82
3000 C & O cv 5s.. 88
2000 C Ot West 4s 61
6000 C II & ( gen 4s 83
6000 Chi II & Q 4s 95
11000CM&S rfd 4s 71
4000 OMKS Pcv 5s. 81
10000CMSPA-CV 4s 80
24000 Cy of Paris 6s 99
5000 Dominion of Can
31 97
C000 Dom of Can
21s 98
306000 Fr Hep 5s. 101
7IMKH) interhMet 4s 43
3000 Int MerMnr 6s 100
7000 Inter Agr 5s,. Ti',
15000 Lorlllard 5s. .. 92
356000 Lib Bond 3s99.70
10000 do conv Is. 93
6000 do 1M 4s. .. 93.06
1854000 do 4H. .. . 96.30
27000 do 1st 4s 96.50
1276000 do 2d 4s 93.32
97
92
1360000 do 4lh 4 lis. 95.CS 93.60
I600O LehViilrcts 6b.102 102
looon Mldvale 6s.. . 88 88',j
6000 Mo Pac 6s... 99 99
3000 do gen 4s. . 63 62',
1(100 N Y C & II 6s 99 99
5000 N Y C 4s "59. 92 92
27000 NYHy4s.. 43 43
, 38000 do 5s .... 14 14
2000 NYWCAU1 4s. 52 63
, 60011 Nor Pac 4s.. 85-S 85
6000 Puma g it4VjS 89 H9V4
200(1 Pierce (III '21. 92 92
1000(1 do '20 10 102
9000 Heading 4s. ..86 86
10(10 It Isl Ark L. 78 78 '4
2000 StL I M A. S Is 81 81
1101)0 Siab At. ndj 5s 52 5'i.
1000 do rfd 4s CO 60
10(10 Sou Pac cv 4s 85 85
15000 do cv 5s.... 1(11 103
5000 do rfd 4s.... 83 83
40(1(1 Sth I lv 4s ... 681, fis
1000 do 5s 96 96
7000 Teins Co 0s..l02' 102 1,
29000 Third Ave 4s. 52 52 Vj
10000 do udj 5s.. 31 30
4I0(IC S Hull 5s.. 87, 87
LIVESTOCK QUOTATIONS
(lilratn, Jan. S. 1ICXJ8 Receipt, 48,000
head. Opened Be to Kid higher than ye,
trrday'a average. Bulk, S17.334H7.B3i
heavy parking. 117,83018! medium and
lluht pncklne. $17.73Q17,93 llcht, 17.2.'
17.00 heavy parking, 117017,00) medium
and mixed packing, 117.511017,0."! throw.
ouls. tloeiO.00; pig,, good (o choice, 115.2.,
njlj.
CATTLK .nerelpla, 18.000 head. lleef
nnd butrhera' cAttle. steady to strong; veal
talvea, r,0o hlgheri fee'dem ateady. lleef
rattle, good, choke and prime, 1A 2.,ii
I0.7A! common and medium. 10.73010.2.11
hulrher helfera, l8.2-.fM4. 2.1s ro, ISW
13.60; Btocltera and feeders, good, rbolrr
nnd fancy, 110 2.1fil.1.7."l Inferior, common
and medium, 7.-.".)7in.'.'.-,; veal ulves, 117
4fl7.r,n
MO'KP Receipts, 21,000 head. Htrong to
2.1c higher.
"rilf.hurnh. Jan. 8 BOOS Receipt,,
0300 head.
CATTt.B Receipts. 123 head,
HBKEP Recelpi,. 60O head.
Kansas Cltr. Jn. 8 CATTLE Receipts,
lf.ooo head; alow, 10c higher.
plots Receipts 12.UHO head; steady to
So loner.
niti-i'.P Receipt,. 0100 head; lower.
Month Omaha. Jan. 8. HOQS Receipts,
18,71x1 head; ateady, fie. higher,
CATTLB Rccelpta, M)0 head; best steady;
other, lower.
SHEEP Receipts. 1000 head; 15c to 25c
higher,
Kaat BufTalo, N. Y Jan. 8 CATTLE
Rerelpta. 1,10 head. Strong Calves, receipt,,
1.10 head. Kaeler, l.121.'0: a few 122.
HOtlS Receipts. i'lloil head. Hteady.
Beitvy mixed and vnrkera. 118 30; light
yorkers. $18 'J1& 18.40' nig,, (is; rougha,
Jpjwiit 80; stag,. "lniraiR
SHEEP AND LAMPS Receipts, 1000
head. Steady and unchnnged.
DIVIDENDS DECLARED
nrooklyn City Railroad Company, quar
terly 'of 2 per cent, payable January 1J.
Hooks cloae January 8; reopen January 19.
Atlas Ponder Company, quarterly of IV,
per cent on preferred, payable Kebrusry J.
Hooka cloae January 20; reopen February 1.
Fajarado Sugar Company, quarterly of
2 per cent, payable February 1 to stock
of record January 20. ,
llomeatake Mining Company, monthly dlvl--dend
of fifty cents a ,hare. payablo January
i',1 to alnck of record January 20.
K. W. VVooIivorth Company, quarterly of.
2 per tent on common, payablo March 1 to
stock of record February 10.
LOCAL MEAT MARKET
Tho following report of the fresh msat
trade In Philadelphia la furnished by (ha
local livestock and meat office, or tho Bu
reau of Markets, United States Department
of Agriculture! A ,t
FRESH BEEF Receipts light. Consider
able ahare good beef. Market strong at re
cent advance. Demand good. . .
STEERS Receipt, light. Market on good
to rholro beef strong at 120 to 180, light
ateera Orm at 20 to 23. Demand very
good.
COWS Receipts light. Market firm at
llfl.no to 428. Demand good.
VEAI. Receipt, very light. Market ,trong
to tl higher on good light veal at 123 to
1'8 Demand good. ,
PORK Receipts light. Car, delayed. Mar
ket atrong at 432 to 13.1 on loins. Demsnd
good
J, AMU Receipt, of freah lr.mb, very light.
Market at IJ8 to 13.'. Demand brisk. Frozen
lamb,J2.1 to 128.
MUTTON Receipts light. Market firm at
Sill to S24. Demand active.
Increase in Hog Slaughterings
Chlrngo, Jan. 8. Hog slaughterings
for the week ending January 4 arc 977,
000, compared to 633,000 the previous
week and 649,000 for the week ending
Jnnunry 5, 1918. Total for the winter
se?son, October 27, 1918, to January 4,
1919. Is 9.125,000, compared with 6,
295,000 samo period a year ago.
4ono tlo
.103 103
99.60
92.90
93
96 01
96.40
93.20
16000 C S StI sf 3s. Ion 100
liiiioo Ciilon Pac 4c 89', 89
10000 do Cs .... .104 104
70U0 f 1 of (J B &
I 3s '19. .100 100
17000 do new '19.. 100'. 100-,
27O0O iio '21 .... 98 98
28000 do '37 100 100
2000 West Shore 4s 81 81
95.68
102
88
99
6.1
99
92 I
43 '
14 I
52 i '
85-h
89 '
92
102'.: I
86 I
78 14
81 I
62
60 I
85 I
104 I
8.1 '
68 I
96
102V4
5"'-.
30 '
87
103 I
100
89"i
104
100 .
100
US'.
100 V
8
WE RECOMMEND THE PURCHASE OF
LIBERTY LOAN
4 BONDS
AT PRESENT MARKET PRICES
Rats
Callabta
44 1932
414 1927
414 1933
44
Dug
1947
1942
1933
1928
Approx. Yield .
If Called, or If ApProif'
Selling at Par, - X,e.ld'
on Callable Oato Maturity
4.60
4.93
4.67
4.46
4.60
4.60
4.75
$50, jlOO, $500 AND J1000 DENOMINATIONS
FULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BOND
ISSUES WILL BE FURNISHED UPON REQUEST
MONTGOMERY & CO.
1S3 SOUTH 4TH STREET
PHILADELPHIA
14 WALL STREET
NEW YORK
GOVERNMENT SECURITIES DEPARTMENT
TELEPHONES. BELL, LOMBARD 4S20 KEVSTONE, MAIN SIM
0
1
Tulnl Rales. $8.00.1.000, compared with
, 1.l, 1114. (mil .M-Hlcnl.i . thus far Ibis urek,
I.1l.llil2.nnil. same period last li, $74,
717 0011
Wc offer, subject to prior sale,
$50,000
Philadelphia Electric Co.
6 Secured Notes,' due February 1, 1920
Price 99 and Interest, Yielding about 6.25
Free of Penntytvania State Tax
These Notes aie dated February 1, 1018. Total issue $7,300,000,
and in addition 'o being diiect oblitjations of the Philadelphia Electric
Co., are secured by pledge of $2,500,000 Philadelphia Electric Co
First Mortgage CCc Iionds and $10,000,000 (being the entire issue)
Delaware County Electric Co. G7r Mortgage Bonds that are prac
tically a first moitgage on the property of the Delaware County
Electric Co., including its large new Chester power station.
Detailed Description Upon Request.
Graham, Parsons &Co.
BANKERS
435 Chestnut strut
PHILADELPHIA
I
I
Where You Receive Every
Banking Service
Report of Condition at the Close of Jusincfvi
"Strength and So vice"
Established ISfC
1 i
il m
We Make Your
Accounts Negotiable
December 31, 101S.
RESOURCES
Loons nml Investments Jl-5, 310,273 43
Customers' Liability under I.etlern of Credit and
Acceptances 2,1159,832.22
Due from DanliK 2,327,259.44
KxchnniseH for Clearing House G45.341.05
Accrued Interest 58,158.74
Cash and Itcserve 1,261.706.50
LIABILITIES
$22,092,571.38
Capital
Surplus (Karned)
I'ndlvlded I'rofltH (Karned)
I'nrarned Discount
circulation
Letters of Credit
Acceptances
Acceptances of Other Hanks Sold
Bills l'ajnbie tn Federal Reserve Bank
I. S. Certificates of Indebtedness nm
Bonds
Deposits
ccount
.Iberty
$500,
1.000,
233
54
485,
1.111.
1,448,
422,
000.00
,000.00
,849.74
4.1..27
950 00
3f!8,45
463.77
830.61
4 300.
12.535.
000.00
075.54
$22,092,571.38
QDMUNI) WILLIAMS, Cashier.
Tradesmens National Bank
431 Chestnut Street, Philadelphia
I iii'
iiiiiiiiiiiiniiiiiiiiiiiniiii'iiiiHiiiiiiiuiiii
ij
6
21
10
C
;
4
4
nirldend.
NATIONAL RKftRITY HANK
Philadelphia. January 7 lQfo,
Th director, have Ihl. day de'rlared
semiannual dividend ot twelve per rent par
able on demand v '
capital. lsr,o noo oo.
Rurplui. II.ooo ooo oo.
Undivided profit". 1I?,6D.02
W It MeKKB Oa.ht.e.
00!e nf Tbs United Oas ImDraverofnt C's.
t, ,,. buiii.i ... wui! Ariii .treci..
fhllud.lDhla. Tlirimhi, It.
.-.. ..--... --- - --- -
jjireciore nav
ISIS
'Fnm Dlreetora h.v. thla d.v ,1m1m4
auartkrty dividend of 2 Dr east (SI n
ahsrs). parsbls January IB. lilt, to stock
holders of rswd tJBs close, of business
DwsmW i. IM'i. UVK&.TIlL. nsilssV
Atlanta
nic Iyilto . . .
Butte New York ....
Con Aril . ...
C V S Jerome . .
Klrst National
(lolrtfleld Memtr .
(loldfleld Cons
(loldfield Florence
noldfleld Kewanas . .
Clreen Monster .. ..
Ilecla Mlnlns; . .
Howe Sound
Independnnce Iead .
Jerome Verde
Jim Butler
Jumbo Intension,. ,
McICInley Darraxh . .
MhKnvi Copper
Mother Ixide
Mines Co of America
Nevada Hills
Nev ada Wonder . .
NIplflHlne
Ohio Conner ....
TUy Hercules 3
San Toy 7
Stewart
Tonopalt Kxtension.. li
I'nlted Verde 33
West i:od Con II,
White Caps .... 11
Verlngton 4
nONDN
Beth 7 (notes) 100
Cosden Oil 6s . ... 12
Cosden & Co 6s.. , 82
Cudahy 5s 102
Russian Clov lAt.... 4
Russian Oov (Vis.., 47
Pout hern Railway 5s, 99
Sinclair Oil 1 85
Todd Shipbuilding i.i0
is
9a
24
1
's
I
21
15
8
4
4'i
3
9',
Total idles 597.200 lmr s rnmpreil with 1
,i9 , IMMI ehnres entercl.-iv . ihn- f ihlu i
wrpu. i. , ,iii,,iimi .narra,
I Heelt, 1' 111,200 shares
same period last
411
3 4 36 33
13 15 14
45 48 '
26 28 28
33 35 34
si 1
S'i
Ni
3t.
35
13
5
101
86
85
lOivi
50
49U
99V,
30
110
16
JiJ
49
50
$200,000 to $500,000
Additional Capital Needed
for Extension
A Yrporatloii of thirty vears'
MandlnR In the manufacture of
Implements want especially to
extend their trade In the manu
facture of a
Successful Tractor
This rrnOlnble limine. offers
a remarkable opportunity for In
vestment and Invites bonding
offers or Increase of stock,
Our liny Presses have been
sold all over the world, riant
located in the richest agricul
tural and (ulro territory.
, Our TRACTOR has been on
the market for three years, nnd
Is favorably known. It Is an
e.tahll.lied success In Kansas
nnd Oklahoma.
This is the opportune time for
an expansion tn meet the grow
Inst tractor trade.
We Invite correspondence
from private capital or authen
tic financial brokers,
KANSAS CITY HAY
PRESS CO.
Kansas City, Mo.
"
Cash from the
sale of a n
Asset is of the
same ns e to
you.
You can sell nn Acceptance or a Note to vour
bank, because they are already in bankable
form. Your Accounts Receivable are the
same as your Acceptances, except in nn un
bankable form. We arrange your Accounts
into bankable form and cash them for you.
What is the difference whether you yll Ac
ceptances or Accounts, if you can make n
profit on the money over and above its cost 1
You can probably mako a larger profit on
the money from the sale of Acceptances be
cause there is less expense in handling same
than there is in Accounts.
If you can make a profit over nnd above the
rost of financing Accounts, when it may not
ve feasible to secure Acceptances, wliv
hhuuldn't you make that much additional
niofit rather than lose it simply because you
have Accounts instead of Acceptances?
Are you interested in more details?
DID YOU GET YOUR COPY?
OUR 1VIEW BOOKS FREE
Commercial Credit Company
Cash Capital $2,250,000 Surplus $150,000
BALTIMORE
Represented at
PHILADELPHIA, 612 Stock Hxchanca Bldg.
(Phone Locust 919)
NEW YORK
CINCINNATI
BOSTON
Affiliated with
Commercial Acceptance Trust
Cash Capital 81,000,000
ZOI S. La Salle St., Chicago
II
IIUIIIIIII j
B
I '
Mi
INDEPENDENTOIL
BOOK
Has all latest up-to-the-minute
data, statistic and news on
Texas Oil
Mexican Petroleum
Royal Dutch Shell
Ohio Cities Gas
Pierce Oil
Midwest Refining
Oklahoma Pro. & Ref.
Houston Oil
International Pet.
Okmulgee Pro. & Ref.
Glen Rock Oil
Merritt Oil and more
than 200 others of vital
interest to those owning
securities.
Send for your free copy of
Investors'PocketManual
Cuy,'jf . S'"'''c. Record.
and High and Low Prices of
ifocA. and Bondm of Railroad,
Industrial and Mining Corpo
ration., also Grain, Cotton,
Coffee and Provision:
United States Steel
Midvale Steel
Bethlehem Steel
Pennsylvania Railroad
Southern Taciflc
Missouri Pacific
General Motors
American Teleg'ph & Teleph'e
Willys-Overland
Anaconda Copper
Inspiration Copper
Kennecott Copper
Penn Seaboard Steel
Keystone Tire
United States Steamship
272 pates of up-to-ths-mlnuta in
formation on Stock, and Honda. ni
other Seeurllle. traded on all .h.
leadlne rixchan... Vs " iS. ."..'' hs
.. ...v wuniry,
these Books. Ask for.F.9.a
T -"ft
WINSLOW TAYLOR & CO
sjt i i .. . . . V)
Mamrir. rR..IIJ.i.j
Stock Exchange of New York
436 WIDENER BUILDING
Philadelphia
TaUphonesjWalnut 6588, Rao 5108
DIRECT PRIVATE' WIRES198
''
F
sCTtaiitai
a. rr, auaaw, arswNSW.
i '
J.Viii.;j;
,r,4vt,
,'i,.V-,;,
I It &tt &.-
:tj i '.-,.'.
Rayjya
E5i i.ifl
Hi1BBj4
s"1s"s"s"""s"b, wm
ft
wBfartor... .