iSSsSESSSlmsSx
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"VS
V,
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EVENING PUBLIC) LEDGER PHILADELPHIA, THURSDAY, JANUARY 9, 1919
' mfjjifflifW'1"'
' .
m
V
Hi
American
Business
That tlte present wealth,
resources nnd initiative
of tlic United States will
produce for this country
the greatest prosperity
of iMiy nation, recms to
be nn assured fact. No
other country in the
world It In so forfinati
a position for bound
commercial expansion.
Let us suggest for In
vestment the securities
of scvernl successful
. American enterprises.
IVse securities can bo
pu-c'insed to viMd from
o.lCr to 0.2-Cr .The
companies which umip
them nic among tie
stronerit in America.
Write for Oflcrinu
No. K-IO.
handler & Company
Ca...tl.
FranMin Rank Building1
Philadelphia
Nv Vol i. iioabia
NEWS OF THE FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK PRICES
STOCK PRICES REACT ON BIG
BOARD FOLLOWING EARLY GAINS
New York Stocks
Adv Hutiioly
AJut Rubber .
i null
24
C8U
Texas, Land Tnibt Soar as Muuh as 105 Point Oils, ';; "j
AllM....I At . (.1 a!.... IT. .!.... I C?. ...... kill..! M...I r.. IKtf
fllllUUl SHUSI miClltlllll UUIU'tl OlillCO
l.okk
2 4
681.
3 '4
Net
Close .hue,
34 14
68 '4 H
3"s
Steel Declines
High Points in Today's Financial News
Inlrn.it tvntered In olh nn Xew York tilocl. Jlxrhnntir. tilth ilnllnca
lotloulni unlit iinliui. Trxni I. nml Trunt soared lot mints. Oil lisues
aho attracted mnit attention In active anil utionn Curb market. Corn was
lumr Cotton Improltd on l.tictpnol bailing. ."Widol "cxehantic turned
railir An exltn dli IdcnSl of 1 tier tent irtin announted by dlrrctori of
the l'cn 'liaffle Cominntji. liar tiller remained unchaniied.
$
BENNER & COMPANY, inc
Widcncr Building
Ot-TUlt TIIU
Cumulative
Participating
Preferred Stock
OF THE
YORK STEEL
CORPORATION
Subsidiary of
YORK CORRUGATING CO.
o-k, Pn
Particular! upon request
Glen Rock Oil
Houston Oil
Int'l Petroleum
Island Oil
Metropolitan Pet.
Oklahoma Producing
Port Lobos Petroleum
Sinclair Gulf
-i
i
New York, .In n y. -The steirk nmkit was of u mcs.ivv chnrnctcr
In tod.ij's tniillnir, loIt'iit itdwincts In tin- first half of tin- day being
fnlluivcd hy reaction In the nftcrnonn, with the majority of stocks
rtliiiuinir some iiniiiuut of loss at the end of the da's tradliiK.
Advances diirliiK the forenoon traveled over a wide mime, Includ
ItiK violent Jumps in Texas Land Trust, on which thiit stock Kalned lis
much as 10"i points to .,1. on u small turnover.
Mirny low -priced Industrials nlo moved up without special iciihon
ilurlitK the naily trudlnt,, Associated l)ij (ioods makliiK u Kuln of 4 points
to 234, and a Ioiik list nf specialties Incluilliii; many In that class
deslKii.itcd us "itits and iIokh." made Kiilns ninitliii; from 1 to i points.
The nil stocks miititnlned the most prominent position In Hie iteii
ii. il market, hut tho Idea prevailed in tome Important ilrck that oil
siierulfitliin has In en overdone
Xnt olil was oil hiiitluht furuaid as il ili.soii foi ad.iiK'eH in thosa
loinp.inles com lined in the Industty. hut viw oil prospects wele used
as ic.imiiin lor aih ;hk Iiil; lioth Amerlian lltet Siikiii' and Te.iH I'acllle
I!,illu.i..
t'nitid States Steel u.ih lie,i all tliroim'h the ilij. decllniiiK moro
Ui. in 1 point to lnIo 93, and rail olds anil copper htoelc, after Hti-UKtli
In the mornlni;, were heavy In the. afternoon.
The two lc.idiui; oil Kstics wero under pict.Mim in the lute tradhm,
.Mislcau I'elroleiim, attcr selling at 1!'0'4. dropped to ISO, and Texas
Company fell fiom 191 to IS8.
Tho Kt.Ucmeiit waa made 1 some of thohe lonicrncd In the tradlnp
that f-toeks had been ilsti United on tho display of MrenKth In the llrit
half of the daj.
Bonds were IrrcKuI.ir, with lilieity 4it continuing In demand at the
linpined Ieel recently established. Traction bonds letlected liquidation
by i emit bujerc
J BEARISH NEWS SENDS LIVERPOOL SUPPORT
CORN PRICES LOWER MAKES COTTON FIRM
Mlls-l'lml Co . 35 i 34 34 , t
do pref 86 V, 84 U fc3 1
Am Aur Chem.102 10l 101 i t
do picf .... 'iSH OS 08 l'j
Am llect Hugar 764
Am Can SO
lo lircf lftj
1 Am C & I'y Co 0H4
Am Cotton Oil 45U
Am Impress. . . 00
A It & Leather 1TT4
1 do pref 71)
Amcr mt Corp 66 'i
Am lee See., 43 Mi
1 do pref .... 67 'A
I Am Linseed. . 62 i
I do pref . )!
I Am loru f.1
do pref lUL'Vi 102 j 10214 't
.kin .wait . . 4 Vj - 'i ' Vi
73 "OU :'j
10 10 '
100 Vi 102 -M
00t 00i H
41 ll'i "i
00 111 4-5H
i6; ts'i i
77 'I 77 i .
66 66 1
43 43 Vi l!i
67 'i 67 U
61 H 61H ,
01 01 V,
61t (IS J- ',
OIL STOCKS LEADERS
IN OUTSIDE MARKET
Philadelphia Stocks
Utah Low
SAIlla Inn. 10U 10U
13 Am f:ns. 114 r,4
60 Am H of C9 08
Many of Group Make Further J ,?
Substantial Gniii6 War Or
tier Issues Arc Heay '
30 Culm r M !na' 90 V
ISKIco Slor 63?. 63i
31.12 (!en Amih 4.1 30i 43
385 do pref. 78 i 77 78'
40 Inn Co .V A 27 ' 27'i 27'i
uv till .-vi .-i
Net
CIo ehe.
10U .
G4 1
68 ..
76 'i Vi
102
20 1
B3i
ew InrU, Jan. 0. Tho curb market
was Rtnerally acthe nnu strong, with
all the oil utockH In good demand, and i
many of that (jroup made further sub.
stantl.il gains. The Standard Oil Issues,
continued piomlncnt. with Vacuum Oil
advancing to aboe 100. Good Rains
wero made In Standard Oil of New Jer
rcy and other stocks in tills g'oup. i
There was renewed accumulation of
International Petroleum, which sold at;
nref ...inns! musi! ifin.V
ni.f.v "A":. r .
" iK eun u IS1!
126 Leh .Vav. 72 H
17
72
66U
60
261,4
46'j
8Ii
33
18
72
664
60
20 i
45
81 U
33
1 L- li
I kin i,'..ieliliiK . 7li'A 75 73'i -, 174 to 18. OIcii llocK was traueu in
,.m .suuit pref. 106 106 108 4 nt 4UQ'4i, Houston at 83 to 83, Cos
Amh) liry I.UB. il 20a 23'4 Vt. . ... , ,.,.'.
. . .... - . .." n i i. ... .Inn nt 71. n 7Ai anil tlrtn Tlltlh n
uii ihl i el.. Ul',3 bi'yji i's i;s " '!' - " " -
Am .Sum Toll.. 0''-s 07 'j 07 Vj 1 ti 74 to 74.
Am uwrKd'yilU ll5'i UiV The motor stocks were Bcnerally
do prif .. . 1 IS Vfe 115 115 Ktrong-, Mlth I'eerlcss ndvanclng from
Nm T0baecoTU.'2:5n .'!. slSri tS "O-Jon. The continued Us
dn met new. 1111 10J ml 1 adance, helling from 61 to 53. Oencr.il
A'do;nr'kr " ii S ",' i ! I -"n'1" " "" '" 39, ,2'-
'Am 'rl I'np pf 3" " 3" " 30 - ij 1 War order Ktncks were heavy, Aetna
' Anaconda ' . . lio f. "O'i ' I IJ-ploslvci helling nt 7" and 7 B. :
Afso till 72 7J 72 --Ll'i I Wright-Martin nt 37i to 4 and Subma-
Atchison . "3 03 91 rlno Uoat ut 12 to 12'i
AM 1 S. W I ion 111, 111- -- J. Xntlonal Ice was another stiong
1 a 'to KOMo" Pit. io-i" 4.., T .J ! feature, moving up f.om 524 to 53.
ilop.f 56 'T B5-, 661 ! -. '. 1 fnltcd .States Sleanihhlp was traded in
ItaiKli i'o 115'ii lll'i 114't 4-l at 5', and 6',,. British Ameilcan To-
H.mk ui Colli 2115 205 205 bacco sold at 24 Vj and "i.
1 "t i" li 1'nllprl Mrilfirs rrllwlpil nneuiiml.il ton
60 Leh Vol. 56 4
.'i .uineiilll. . 50
200 Mo I'aa. 26 "i
675 PcnnaltK 45?4
12 Pa Salt M 84 1
104 1'hlla Co
cum nf. 33
489 I'hlla i:ieo 25U 254 25
BSP II Tt e 27?, 27?i 27
' in Tract 71 (l 1
:n Heading.. 83 i 82
76 Ton Del.. 2S, 2?i
164 Ton Mln. 3 2T4
82 L'n Tract 39 U 39
2lTStlJ o I... 72 '4 72 ',i
645 U S Steel 93T4 92
80 West Coal 75 75
SOW Cramp 82 81 i
T Vvi
'
t
IIONDS
IIUIl Low
82 H
2 .,
3T4 J4
72 Vj U
75 ?4
82 2
Net
Close ehtre.
Hiilniilli.s Mln. 1 '.
Hetli .steel . 01 Gl'fc 61 Ti 1
do U 02 'i 01 '4 01 'i
do 8 in pt 105 10 Pi 104 14 !
Urk II T . . 20 i 25 25 1 in
lloutli I'Mi Co. 21S 21 'a 2t, i
Burns Bins . 156 155 155
Butte (' k Y. C 7 6i ti' J-
I Brunswick . . 1ip 0 ln-, l't
Butleriek Co . 17M 1714 17 H Vk
Cal IVtrolcum.. 2J 23 23 3.
do pref .. 08 07 U Of !4 m
l-al I'aeKlng U 62 y, 0Ua fi2 IVj
by General Motors InteiCBts, selling at
35it to 36',j. The rights wero trilled
In at V.
Snvlft International sold at 4Bi to 48.
INDL'.STIIMM
Canadian l'ac.lB!H4 160H lSliVa '?
Cae J I pr.. 03 'i 92J4 03 U :l
Information en rtr(iy'
&go
nUNKArj
Investment Scctiritiei ""
43 Exchange Place New York
Support Is Lacking and Stop- Acruiniilatioii of Buying Or-!o-.
Order.- r Hoached. l'rs Readily Absorbs Scat-
It
G5r"
ri vmjiu.
Anniiiil'Mepllniis
,T Till: M 11. Vll.l.riM
ho l'n"
r. I . TV,
III1
l.leti vim.
Nrhnuin. Iicbl pur-ktuni to putillc nollrp nn
0lwxli. tie Slli .li nf .Inmurk. l(ll!l.
rl. folloulni; Hfthirs mvl Muiia.rH kero
pfiVtirl:
Jresl.lnt Morrln Kule
Vle PrPsllnlK Wllllik mil 1 asm. Julm VV
Town ml
TreaHUrT Tnni. i llnvos
Becrptsrv T-lmMtia it Minirnl
MAvviirns i-i ut man: Yiuita
Willi m I. MirKt
lnri;.. I Wiiln 11
Jlllmn II M ! ir -. Jr
llrnrue VV Mlffpp
lleorii" I' liml-r Mnllu. I'.i
Oats Also Break
I.ICMS llhl.T ui:tiii.k 10llKs'
fhlincn, .lui. II, llllnc.i. l'n'r tnulclit
iiiul IVIil ik 1 (ulilor tuninlilt kkiirmrr I'ri
ilil iflrrntMin.
V.onrl 1 ulr lunlBlit ami Irliloi
kinrmer Prliliik,
Ulsirn.ln Pair liMiichti lohlrr mmiIIi
.lii'I tl trntnill I'rldlk fdr nml kkiirmrr.
II nneholii I ulr toirltht tintl PrliliM
wtiriiipr
liiiiii Tilr Imiizlit ikiI 1'rlil i t inliler
ei.t tin.li:lili wnrinrr I riilnk.
North nml south llikiita. Nelir l.kil.
Ktits.ii. mil Hkoiiiinic r.ilr limUht nml
I riil ik t kkiirmrr.
Vloiiliiiiii lain kkiirmrr Mtntli unit e.
Ireine e.hti 1 rlilni fair. inldtV niirlliru.l.
tlitkiiKii, Jnu (i Tin 111 was gkllil.il
si lung of nun tinl.t) anil the marlut
was ktt wi.il. tindi r tin inthituu u
uutontlrnad lepuits tliil the food .id
uiinlHtr.itioii was against high prlux ful
tin ieri'.il and had rnuinim mini tin,
riuiov.il of restrictliiiiH on luiportH fiom
Argentina
ntlur lit.irish f.uiois wire slati mints
that Hit. Ilsliig nf the prbe o! Iiuss fur
hchru.ir had bun delavnl until J.111
u.irv 23. l.irgir rH'Pls and a wtaUel
nine to tile nitli artUle Mippnrl was
lat king and stnp-lusN orders vwre
renehetl Tlif ehi 'f busing was against
leretl Offerings
Central Leather CJ
Chandler Mot .10s
Chewi ; o . .57
Chi Grt West. 8'j
do prif . 26
Chi M & St I 41
do pref .741,
Chicago . Nor Oil's
C It 1 & P to. 2CH,
' Idle Copper. . I7'n
I'lilim Con Cop. iA
1 luett Peabody 05
1 'ol rutl ol Iron 38
fol lias & Clec 43
Consul lies ... 'i0
1 out Can '. . 71 '
1 orn ProduitH. Bu'ji
Cnullile Steel. 58'i
do pief. . ... 02
Cuba-Am Sug.ICO
Cuba Cane Sug 31
do pief . . . Sil
Deere Co pf. . . 06
t... 1 11 1 t "..t . .nit- ninK, iirnimiiit
c, in). l,i'rf,,:'-1 ' ""' ' Mont-
i lll.i.,.',i,"l,".,0S: 361 Ne llrleniii.
liilonl. .?.!"". "'"' Tlmnni.klllr. Ati s,,,,
n$si?: iV:"s!f,,il:,vr"h-iu """
l.ul!eVi1.iiM"?ir".t i'."1' 'l'"rli.lntlon at
ciinVri ...".,.,'".-",'",:,t ' '" ""t-
,',""' " ' Xtluiitii. ..10 11 Oklahoma
II1TOV IIH.T lKTllhK IIIMI1TIIISS
Nl'lk llirL. Jun tl Tl.. ..!-.. I .
.nT'mMr '"-- ,K,.rt.,a,i i;::;,r r,iV ;,r 1
...'"I' v He. SS llanli, fori Smith and """"' Mines... 12
.'m.,i"'V,.'!.,."."' !!'" "Ille Kok. llrninhU DstillelK Sec 56'i
l;rle gen lit n . . 55i
Kile . . . . 17',
do 1st pref 28
(l.iston Wll ins jii
lleul ( Ignr Co 52',
tieiil Kite l'n. ,140T
I tint Motors..
do rtn f . . .
-1 lie loiinn market "uiilikli. P. I'
pciilrig ami- tho (Jit Xoitb nf. . U4
" tul n n .iiuv.. ti.ni. rem.si'it. rt N'or in sbs J4'4
i-.g I...HV suppo.t f Luemooi .i'!;!:,:s;l:'"l-
spot housiM. lolloiking tliu mrong . nbls. Vi','," ;S,'!."M "i1 l'i ,'"
Tin. tannin., ti... . Illinois tin pf. 83 'n
"" """"K Iguris were about os ex- Hit Agil pf. . r.2l
insiu (.upper . ITVn
Int-Cous Corp OS.
tlo prtf . 2I,
Inter II C (nk).116
Inter Jl M . .'5';.
tin pref . 107 i
lull Paper 32
int Mikei :;:
o:
loc
60',
8Vj
25 4
III':
72 it
06 '4
2i&H
17',
31 J
01 T.
38
IJ3
or.v
oo i
io
57
02
157
20 H
78 ,
06
l'l",
54
55 4
17 W
28
29
51'j
1407
OIL
108 - 1
5C, '
8's
Aetna Explosives . . .
Amer Brit Mfg. . . .
Amer Marconi
Atner Writing' Paper.
Air Reduction
Canadian Cht Co . . . .
Can Car & Fdy pf....
Charcoal Iron
Chevrolet Motors. .
Cranin
25 V4 1 Curtlss Aeroplane ..
so" - i nrwen Tool
72 L Carbon Steel
OGi.4 U JInierson Phonograph.
211'n -t- , iiendee .Mtg
17 '4 Like Tbrp Uoat . .
33'- - , l'lilgh Coal Sales
05 1 Lima Loer , . .
38 - I I Maxim Munitions .
42- . i.V Y Shipbuilding ,
OB',, - 'i I.V Am Pap Pulp
0014 l'a Otis Kievitor
5 l . Peerless Motors .
57 I Poole Lng
02 f 1 Scrlpps Booth .
160 -rio standard Motors
21', 1, Steel Allo.s ....
78 .Submarine
06 St Joseph Lead . .
7 ' Todd Shipbuilding
it-, v rriangie film i
54- , Cnlted Profit Sharing.
35 U C S .Steamsiilp CiJ
17 '4 '4 Cnlted Motors 35i
2S . .World's Film .... li
2'H, - ', I Wright-Martin Air.. 3'4
4
l'.s
50
.145
78
11
107
10
lf-i
84
30
02
IS
20
15
12
13
00
Tut. rlnm.
Auk Ira'ti) I
,2V4
6(1
23
85
8
150
83
13
S2700 Am Ihtl
Klco 6s. 88i 87 88i tt
1000 City 31,5s
1932 ... 00?i 90i 90?4 ..
2000 l&Peo
Tr 4s.. 70 "0 70 1
3000 Lake Sup
inc Oh.. 58 58 58
1000 Leh Val
Coal Ss.100 100 100
5000 do Os.lOJf'i 1024 1021 ..
1000 Lib Bonds . , .,
2d 4 '4s 06 24 93.24 95.24 .44
50 do2d 1s 02 00 92.60 92.00 .40
6000 do 3d
4'4k 06.20 06.24 90.20 .1G
C500 do 4th
41ts 05.G0 95 00 05.60 .04
100(1 Nat Proo
4-6a ... 35
2000 People's
Pass to
4s 80
6000PMIanieo
4s .... 76 ij
7500 do 1st 5s 07
7 '4 1 26000 rtt'Odlng
. 1 gen 4s. 8C'i
4 1 Hi 00 Span-Am
It- 6s... .101
GENERAL ASPHALT SHAKES
LEAD LOCAL STOCK TRADINQ
Common Soars More Than 3 Points to New High Rec
ord and Preferred Gains More Than 2 Lake
Superior Scores Gain
The outstanding fcattiro of today's trading on tho Philadelphia Stock
Bxchango was tho sensational strength of General Asphalt common and
preferred. Although the market was broader than It has been since the
beslnnlnn; of tho new year, transactlona for cither stocks wero largely In
small, odd lots and price movements attracted llttlo attention.
Asphalt common was acUvo throur-hout tho session and at the close
htul advanced S points over Tuesdays closing quotation to 45, the highest
level ever reached, while the preferred Rained 2 points to 78, tho top
since 1914, although much less actlvo than tho common. Naturally the wide
advance for these stocks caused much discussion In 'the Street, and, while
there was no definite news forthcoming to explain the sudden strength, it
was the general opinion In the financial district that It was due to the firm,
ness of oils as a whole as well as to larger business assured by road-bulldlng
programs In many parts of tho country. '
Lake Superior was fairly active and advanced , Philadelphia Electric
reacted to Its previous level nfter scoring a small gain, and Lehigh Navl
gatlon, although showing llttlo momentum, was marked u pa good-slzed frac
tion. Tonopah Mining dropped slightly, Cramps advanced 1, Union Trac
tion H, but United Gas Improvement, Electric Storage Battery and nearly
all other home Issues that appeared wero dealt In moderately and held about
steady and unchanged.
Steel common was slow and lower, following tho trend on tho big board,
after gaining early In tho day. Baldwin, on the other hand, remained up U.
Ralls did Uttle, and whllo Reading Company and Lchelgh Valley wero
higher, Pennsylvania jlelded a small fraction.
The feature in bond trading was the activity of Reading gnecral 4s,
which declined to SC. Philadelphia Electric first 3s gained 2 per cent to 97.
35
78
7614
95 H
Ml
7sv;
9514
86 'i
101 Vt
1'niLA. INACTIVE STOCKS
86
101
DIVIDENDS DECLARED
raclflc Const Company, unual dividend of
lvi per eent on first preferred, 1 per cent
I on iecorrt and 1 per cent en eommon, paj
ablo on January ;3 to etock of record Feb
ruary 1
Krr Lako Mlnlnr Company, quarterly of
25 cents a fhare. payablo March IB to atock
of record March 1.
Central Illinois Tubllo dcrvlco Corpora
tion, quarterly of tl BO. pajable January
.,t(.."'.ock.of record Decemhrr 31.
.,u Clear stores Company, quarterly
S...7:ii5 J ?' ,n common, payablo Feb
ruary 15 to atock of record January 20.
Lrrion Oil Company of California. quar
tfrly of l.,10 and an extra of 81, both pay
able on February 1 to stock of record, Jan
uary 2.1
Cluett. Peabody . Co . quarterly of ll.Bn
on common payable February 1 to stock of
record January 21.
Consolidated Traction Company of N
Jersey, semiannual of 5 per cent, payable
January J!i, as registered December 31
Hooks do not close.
Llectrlc Ilond and Share Company, quar
terly of 1V4 per cent preferred and 2 per
cent on eommon. Common Is payable January
,"'.'?.l'.tnc,c of record January 14 and prefer
red February 1 to stock of record January 20
109
20U
So'"1
35
3821'
2',j
65
18i
40
20
8
8
12'i
14
100
134
12'.
Following aro quotations for inactive
streks lisle,! In the Philadelphia Stock
nxrhanee nnd in which there were no j gl
transactions today. The price given w
the lai previous close:
Acme Tea Co 79 Hunt & B T. 10
I Amer Milling 10VJ lit & B T pf. 1G
Am Stores pf 90 Key Tel pf... 50
'A O war ... TV, Lit Bros .. 254
Brill J G.... 20 Little Schuvl. 48
j Brill J G pf. 70 North Central 75H
' BufT & Sua tc. 71 North Penna. 94
Buff & Sus pf 62 P N Bk pf..275
Camhla Iron.. 40 Phlla Hi w w 2 is
Cambria Stl.,115 Phlla & WeBt 0
Ilvvyfl Gen . . J
Unl Cos N J.190
tritt Ttwvs nf. 14
Un Pss B.wys.150
affliTaBigieaga
Cntnvv 1st pf. 62
Cataw 2d pf. 54
Snt Pass Itys 109
Con Trao N J 62
Cornnx.VtBlc .130
' Fth 8 N B. 180
War I & S...
W J & s s.
8 V,
IIS
S5Vt
New York Bonds
I49T4 -i
N'kk lork. .I.in 0
'"'I a verj nun
hollilnv
putfd
I The.,. .,ls Sl(,f(i (o u. llM nmilliui.
"on of bujing orders 1.1 commission
1'oust.s. which i.minj. absorb. ,1 the
wnttfi.il offerings
An earlj advance of aboui 4,1 1.. .-.
IJ 1 I24 I2!l4 '4
s:i'.. SJ'j S3's - 'q
373i 57 57 ',s r 'n
ol '.
3.1',
10'... .
80 1
hi', a- '.
8.1 1. 1 .
.12', 'j
46 i ..
64 s
21 U l3l
113 4
'
0 1 ,
.13 4
46'4
SO
ill '
8.1'.
32 'i
10 '2
0'4
21Vi
113
.'5',
NTAMIARfl OIL .STOCKS
Illinois 102 164
Ohlf .127 332
Prulrlo Pipe 207 272
Standard Oil of Cal. .20.1 268
Standard Oil of N J. .717 719 718
' Stnndaid till of N V.3.'5 327 329
IMIIIPIIMHINT OIL STOCKS
Harnett 'HI & (Ink.
Cosden Ai Co
LIU Untlli
Inter Petrol
Houston (Ml
Merrltt Oil . . .
M'dwest Itcfinlng
Met Petrol
loOVs lla, -1, Ohio Fuel ..
ilpiirttt. It Pa. k ,r,l
Th follow (nir will hold on-r nnd vkith th nrlv limes bougbt last lilglit.
above will cknijkiiiHtr. Un Il..ard nf Mm , KUn,Mtn ui, t,,. ,rop in eoin
Vf'S'T " Williams .1 ll,iir nstriint oats nlo lirokti umler gi iii-ral Mlliug
It. M. Hllltr .VI P iMUliin s !'"l", will, nippnit poor 'I lit buvlng of l'i If
rli ": 1 1 ,,.1 1,. "T., IU.ll, Imw. v.,
'" '.' "" tnhiiiir.iii realizing ami ''." '" "V '" .' !- "
llniH viere ruiktlitiiH nf k,,m. ir , ...! Kansas t Itv So 111
pom.s fro,,, the b, s, VCre wis il" I"" 'J.1 ,f W
Mattei-d southern sellln'nat tbf: XT T tV,',
. uV ;.0.,.l, ,::::'' " v ?.... !-.": v..iui 6u
...... uiiiiii tin 11 :i mi iirii .... . 1.1 1 .. iv .i i iiiir
nottil iliirlug the lit
loin.. 35 to 50 point, .,! , lKt , ','." L-W BK Co . 14
closlnir The tie-up of XeVl'rklu, - ''',', ",l 'f !'n'-
'r was an un,. iiUnfl ..Yore "rU "- I-r '",. ' l-r W
jibn C ranf. M"- Phiilit M simrpiff few tlajs mid suppostd to bt for nil ru. -las j,i,n s , ,, )() j jr) jjhn .Motor . 20,
rftthnri,la...rt iMJid'u'Vll'lam.'1- "uiaba Intel. st. was again In ..vliieiice , ;," j," " -n u .,, ,im do 1st ,el l!
Ltuia J Pilmt-r J Vau.-iinn Merrlek Trinlo in nm casn mticie was ipiui , vnirni .'i.. mj .'T .-, j; m r,7 .v; -.: :;. ;,; ::.."" .-" i"" -r -.,',
;. fa D, .:; s, -s. h i; h s? mk ivi...r p.ii" i3,
-"-'.s .'inn -in,, 1 am V,;;;, -,'?' ;; Miami Con 1 op .'4 . 24v
- - Mldvalf M. el 1 4 T 4.1'
po'tk-rt T rnrmult nml demand tor moult vvas lacking
.Vfl.l.rf A I...!,!, V ,,-v M.,r. ' '" "; , ,rt1hV",J '1 "'m"
Inn Slid llnnnrl VV Pact- til Inl . .1 lik tlif Ibcipt" win llriht. but ntriih.li are lib-
k uurt of I'ummiii pi. is tin. I William VI rnii
I nates nntl l'hr..i l.tlwln Ink Ttontil.ilr.,
by tho Major nf tin 1 IU ..T Phil ..1. Inhlj t uttllll. fuluns lalllO'd as fodiikks
LIIMI Nil ll lIVVM'ltM.V 1 tiru lll-kk dellkiro
-Int rel ir 1 '-t
JZTVn.. t.tvv .i.".. ....... ... tlpt 11 Illull 1...U I lus, tin..
THB I'K.NN MITl II. I II P NI r.. i.tu. I IT Ml I 14 1 o.
lnt. N'"-',"1' ''".,'"'","l M :is 1 mv, 1 :-. I :r. 1 ii'i
tlon potpp of Thf IViui Mittuit t.H. tn Li,' -tu TH" 71
Am , nm Companv hi l .Iinnin H. mm, th u 71 7J'4 .i., 1 t 7J1
QCeD TtliiwiniT ifr uni"iinnnif.h r. !rifil ..i
wine'L' 1' HitlVk.iV T?-. .I.L... Ill
w? J.INTOLN" K P.VcSMtiltl VI.. PreKlrlni
iVH.I.IAVI 11 llTkkiftl.l V
1 Mil
bilk
1 tlv
31
31
18 '4
00 U
32 W
06 It
35)4
111'..
41
107
hi
20 n JO
5.' 52 .
Us 21
32 -r 1 Oklahoma Itef
31 4 ' Sipulpa ltef .
Seiiuoyan ....
Sinclair . ...
7
18
Oil '4
32'.
III. I.
55 )4
111'-;
42
'bis
107
83
t.Ut
21
04 T
-r 's Atlanta
' Big Ledge ....
-l'i Butte New- York .
-2 'v. Con AlU
c p s & Jeromo .
1 2 Klr.st National . . .
1 .'lolUfiild Merger .
(toldlleld Cons . .
linidlield I "lorence
. (io!d!le'd Kewanas
i ' Orteti Monster ...
7 7.
oa. 6,
. 174 18'2
82 83
. 23 21
.128 130
. 2T4 3
. 10 18
. 'I. 0'i
. 7 7r(
. 23 U 24'-
MI.MMi STOCKS
4H nti
17V
High
uOllO Alaska Gold CV
0s Scr B... 33
lOOOAm Agr deb 5s. 102
287000 Anglo-Krh 5s. 07s,
22000 Am For See 6s 09 4
12000 Am Smelt 5s.. 02 i
10000 Td & Tel 6s 101-",,
lOiiiiAm Writ P 5s 8094
70nii Atehlspn adj 4s 85-X,
t.000 Atl Co Line 4s 84 V..
10(10 II&OSk .... 81 Vj
70110 do 4s . ... 81
37500 do cv 4'ss. . 80
2000 Beth Stl 5s '30 83
11000 Braden Cop 0s. 00
luODBKljn Hap Tr
Low Close $
184 - 1 '. Hecla Mining
Mronil ipo
j-ritifni
JfinVVV HVVII.lt third Vir rrclrt.nt
JtfllN HUSIPIIHinS .sorrftiry and Treas.
3 lIPHNVrT fil"ll Aetusrv
And the f ull'.kv Imr kkern -oin' inl.1
JOHN W HASH H Vininr I nan Dfnt
IIKVOY C I.H'PISCnrT Mimtgtr nf
Aa-enciep
JCAHItlSdV ftll t. s,,,r,,r f Appll, t
tlt-wii nnd r ntli ( lalm
HTONUY A Svi'Tll A-nlptlint Set-rlary
rklll. AU'l'Mi"'! v.li.tant Trrisurer
-IIIlT r.l 1IA1 I. I'nsliler
IlKOIlOT-, tt WHIT'" A- lnnt Artiurv
lll.ivnn W Pr.llltlV A-.IHant A,lu,ry
IHIB1ES I- PHkMl'tfW Comptroller
IIKNnY 11 MAItuT Auditor
i HARM'S si Hll Vl.l lr Itfulntrar
VIIEDTIIIK' H ellliniilt'BS Mathtmatlelan
I.O'JIS W hTi:i:ilI.i: Assistant to the
I'resitieni
2.1 31
-I on
:i n,
L'l nn
: i .in
llll
Vl.tk
I11I.S
Hll 2.1
Vlak '.'.I
p.trl.
Ian Ja all 1". .Ill mm)
Mim 1 1 no i.t m i; :i;
111, I .9kttl
'.'- iiii j:i si
'.'.I 111 .'l l)
2.1 Ml 21 20
2 I stl 2.1 '17
21 -jn .2-. i ii
2 117 J I ST
111 nil til, '
i.' .17 ii :
.'olloirilu)ers ami .Seller
Hr,',ro.rno.'re;,"hm' -'-"" --
ltnK,i'nb7r!"f',rn; "1'V,L- "' m. Downs,
iitistnutrir, Mltche nnd Heirett bid :
.fr.'rt'li Hl""'"". H'ng aim IlartUtt
Jul-
In
.'i.i.
51's
IIAR'tV TOI I MIS' M I 'Mr.ll. nl Illrertor -,,.
JAMFS P H"T(- IIINtUN SI. 11 . Assistant "'n-llll
MUIl Cnl
Mn Ivan A. 1 1
tlo puf
Mlhsouri P.n
do pref
N'at Con it i P.
Wit iaiani & s. IS ',
N'atlonal I.t ad 0.1 :
Nevada ( on 17
Neiv York I cut 75'
X Y X II & II 32'.
Xoif .south 17J
.Vorf o. Wen n
2"1.'.'. ''I!'.'' "'-m Itowiis ;!.Vi,,a" f4
h':":"hwr itf'ff
.-ellar bid liitf. r,i iI .fn,. iv ",a ,''"' An"'r Ivt' :'!
eri.hbt.n uffeieti " dtKlns ''nd 1 red- do pref . ..Ui...
Penna It It .. l.1
Pen (las ft. C . . 18'.
AIONKY.I F.M)l0 H TES ...IV".-" ,A'l
. ..i.... ...i t . i., ... ... Tl... ..naA.. s. i" kt .,... ... . ' . ..
t s nn ttt.-t I.., .-.. ..ui.:.-, '' ...iiik .nmifv on k.ui. mixed no put . .. mi'.
tone as li .e N , n tic. Mm,- tin- bf.irlsb I ollateral, opt n.-.l at i. jut rent liluh PitrteAnow . 1J'
siiitlmfU gentrallv don in.uit. pirtlcu- . ' . low 5, I ,m ', ,i,std 5s, f. . , mldiir P'ene (ill . 18'
larlv as to tlie more ilMnnt nmnths ' l r ..nt linlustrials open, it Pitts Coal . .10',
l-lrst prkea wen 5 to n points below '''i l r mil blitli i.i , low 5U- tlo pref 87
the pre'inus tlost, with no transactions,1'";! 'i -hn-va .I'.'oO per nut ami Prissed i'A C. 04'.
on the rail lullng rat.- .-.', pt r . em I'ulmiii Pal IM22
In the plt in irKm heie londltiont " ' "" 1 as apparent In the time " sil .Spring.
20
53 i,
ll'i
.18'.
05 '
24",
14
10
20
.13 J j
If.'.
4S-,
l,.1',.
'4
'4
Hi
n
o
21
13
b
4'i
- s
1.
l'k
NKvr yoiik an m: mahkct
ekk lurk, Jim 0 Iirilinits In lorftc
I lot! iv- rt m tint tl on a Mnall stale, orders I
i.i.
('..,
74,
32
173,
in 6
'13
43-1,
.
3l)i.
MeillCHl iiirfcitir
JOHN " HOIIACH
aminer.
St'dlt-al Hx-
remain ilnnu 'inchanned Hlos 7s ale "l"nf mail.tt lonav. i itis being iiunted "' '""" '"op. 21
turned at 101,0 P' "'',"' nt for sltv and ninety davs tiding . .8.1,
Aciiirdlng to nffk lal t ahl., there was on '"'lustilaN s. t in lib s eo'lateral Bust- , do 1st pref . 3(.V.
un eilti.i Hie lib. or i"""1 "?s s liiint.il .is of late
Hep Iron A. S. 74 'j
7 1 Tn -r h
32 i.
17
loo
03', -r 's
44
i.i, i,
3b',.. i
71 71 ',
124'i 124'j ..
4.1'. 45'j
4S
10 2
37 S
81)1 . 1
43 " -- ',
' - l
40 '4
S. 4-7,
'I's -p 1
"t, ' 5,
Jills 3,
H H
,,,U ,a4
71 I',
1 - 's
14 i- '
17
Indeiit'iidince Lead
Jerome Yerde ... -7.
Jim Butler . ... 34
Jumbo i:ti nslo'i 14
MtKinle.v.)arr.-gh .. . 45
, Mrgma Copper 2.1
Mother Lode . . ;j;t
. Mints C of America. .
! Xevntla Hills 3
Nevada Wondet .. '',
Xtplsslng .. 8I4
tililo Copper
H.iY HerLUles . . s
San Toy . . .... g
Tonopah i:tension .. 14
Cnlted Yerde 33
West Knd Cup . . 11,
White Caps . .10
Yerlngton . . . 4
1
IS
23
1.1
8
'i
4x
3
'i
36
15
48
2S
.1.1
1
0
SU
111
iVi
-1,
'9?4 ,
it. i
1',
Big Business Success
HOW IT ALL CAME ABOUT
35
111
'i'i
4t.
37 'n
811
42 K
IS',
10
87
61
122
74 v
2(1',
81
.11, '.
74
llOMIh
It,tl,1. hum fnnla. .nn..
,8.'- 4 Cosden (III Os .. 82 85'
uosden At Co Us . 82 85
Cudahy 73s . 102 102'i
Itus'lnn Govern 65s 46 50
Huss'nn Govern 6 'is 47 50
Southern Hallway 6s 00 00'i
Sinclair OH Os .86 oo "
Todd Shipbuilding s 101 J08
101
47
48
LOCAL MINING STOCKS
TONOPAH STOCKS
y.n iinntii, fin L'lkPIl till fillitl IIim lilt, nr " "- ..-. tip, iiiiint i .o. or l.lte Til., n.t- 1
"?Si,y.iKi-,mnlr'' Jr' '' ' '"1""" hau is spot market, but tber- was an , ,"7 '.", "' " "-H "" We.lnesdnv was "'"" "X S" ' V '2".
Ono'"' W?im,V I'.:PPi:it. n, . a n.lin.e !;f SS t.. loo rels In futu.ts at ! ' c "o, ihMrnMnuV X,r,,B'" ""1 M L S.m'rran U IV,
.ral Counsel Santos Later, a special cabin notnl a ' ,,' '" "' '"'' '"ntlniiaiice. ,i i r, r "7 -'
HOWAItl) ""Pint JOHNSON. i:wi As,0. 8etiMck of 5(1 to 170 r. Is. the weakness! no' a" V , ! I ' ''", L"r ,l'"l;r Is quiet at I " I'J""-' .;..,',, -.'-,
, ute Counsel. i...i .,,.!, . in n. ,ii..nt ..,.,,, ,v,r .nominal nitnns of ai-.1i!, i, rier mni scan .il, t i '( . '
JOMS IH'SIPiinilVi "",h ""'' ...-....,, o. Choice ..it Kirs' ai-tiptanc,; are moil s,'"'s H"ebuclc.lX5 183 1S3
Seintarv nnd Treasurer Vf Totlnj's eratelv netlve at unchamred rites i.t siattuek Ari7 13'3 13 13'
fcspvsnh MtlltiTV nn: ins.iT. viav . ... un7'o mTw. ,4 5-,!,,', 4 "' "7, l t fr prl,,,;. men,' cbi'V'.f,,1 51 5-
tfcE? i('K VMI rittsT (iiviPV.NV or jWJ. ...... . .. I4.v -U -a I '"" uu- a'"' por cent lor prime ln.'.,,lr.,l)". ." ,5.- .'''5. .'
I'KNN1SL1AN' . . .... S,M,,wr . . 4 31 1 21 ' nonni.mb. rs an.l .1', 'u 4 er i.m t t.,r ?" ''' ''' !n?Vi H'!' H'l
l-nuatlfipnia Jan s ,.'....,i. i i ., .hi., neti-li.s r porln It hue. 1411 14(1 14n
-'li
. I
i
lim nuil.r
MnrNamara . . .
.VtMkkii . ...
Mtiitih Kktenston
Montana
North Star .. ..
It. scut Kula . . .
West Hntl . . .
1. Ih annual mettlnr nf lilt StntLtinM
tb. b'ld Jnniiiry H, 1010. th fnltnnini; 1)1-rt-ctors
were e letted tn serk, for th ei
If, If- , WllUm M. Coates Tlmnias II lux
Kg aVh?a Carruth I l.lnk.l ('nates
I IVlllam 11 ktlll-r t iiurri. -rnt lr
f .1. W Hampton Jr. ileork'e vr lb nelf rson
; Lincoln K Possmoie Tnnl Slltnf
Hamuel 111 Jr Pram is H Hemprltv
William Henry llronks llnward VV Lents
C rthlllanl-Hmlih
HAItltY C I-orTFn Jr
Setretar
FSSrll'IILII l.l'IKil II (OVICIM Ml.
i-- tie. of Ann'is' vtpeiina
Tho annusl meetlnir of the MnckhunW tit
the Public Ledaer rntnanv ss ill i, held nn
VVetlnetla. lbs Mil tin of J,uiinir, lllll)
Hf t n. m.. ut tht. nfrica of tti rompani
lis) Chestnut st I'hlla, l-lrhl i Pa far tht-
tairposa or eleellnic a itt.artl or tlirertors r
PHP llll.' PHI Call.
(.IIICM.0 Hl'TEH AM) IC.G.s
(lilt.iBt. I.ii li -HI Til.lt-lte, -ipi- I..MS six months, per t em
jhs t n, hariin
tune. bjji(i per tent lomincreui .,,.
net tnrt .. to eW mnntltu r..i. .... . ..!..
j"i 0 per icnt ;
laif.s It-
li 4 ' ille r.
i nt
l.etra?
?10P-g500-SlOOQ
Exceptional Security
At OWN AND OFFER bLVbrlAi.
, -wlnr and aetlnir unnn th- rennris of th SECURITIES OF THE HIGHtSf
'zWjXf
IOMION -.Mont) is n,iiniort i,i 3 lJCr
,ene PNsiunt rati-., i-liort nnd tliree
intnith bills. .1 17-3J per cent
.tiuinein jt at iyt,
.SIlitlAltaltr r . T.3lZ
'.J'r !""' MUti .MlltOlh f.O's
.sup Steel . 3l, ',4
T'dt water oil 215
Texas A. Pa. 32 's
Texas Co 101 18
do I'Khte. 17rs 17
Tob Produas 7814 77's
do piet 106'. 106
Tex & p.n .".30 260
1,9
42',
.10 1
301, 213
33 7,
a. t4
50 i.j
361,
J IT,
1 OIIUC.N VCII ivi' inuervvooil Ti.l2n 120
lUltr.K.A L.M.IIAiM.1. t'nlon PaLltlc. 12'is, 128,
New lurk, Jan 0 '1 he forelirn ex-1 do pref. 73 73
. Iianpe market in the earlv dealings to. ' t'td Alloy Stl . 30 30
tl j (ontlnuetl to mark time, Hi,. onlyiC'd CiR StoreH.llJ 111
,i. ii.in- Heme, an ran.i mrn in tne neu-1 k-iiueu itrusr. . vi ji
irais
Quotations wt le
a.!1.
187'.. -el';
77 t :.
Iu5
320 -fO'l
Bid
. ..14
.. . .2
IS
tit!
IS
07
.... nn
!',
OOI.DFIKLD STOCKS
Atlanta o
lllun Hull oj
Month ... . . .. .. ,H
itianifiiitiiifiii ii jt , , ... oj
i Palsy (,..
Kewanas cm
T I Oro nt
Spearhead .. ., .18
-t- ', Ullver Pick . ,o
ii.vi.t,t.r.ukJn
ArUona Pnlletl . , ,n
Nevada Worder . . U
It
i Tecopa Mlnlnir
4-5
l o'fleera. and llif tranaetlon of eueh othrr quality IN DENOMINATIONS OB Demand sterling 4 76 li. rubles I
' he ,raViV " hK" 1,r""r"' """' b"fre 'h' ltO(i.oVllOOO. THE YIELD ISQOOD "xti '!.'' Mis ne.inlni.il I73-. n
e . r-'l vmvKIIV M-riKiMi'tlK SECURITY UNQUESTIONED. INFORl ''' I'MIs 4 . 1
fr flggr" KK,V.Vno! SI m I .1 eil MATION BY MAIL OR OUR REPrtC Kran. (abl.-s 6 lT,. ,.,,.,, ;4
t Phllad'tnMs D'"enh.r 5.1 11 a ' SENTATIVF WILL e-ai .. i cbesOII decks 0J7.
Reserve Hanks' Disiount Hates
Ofiklal discount rates at iho iur.iv. i
Kedernl Reserve baeiKs wero as follows- i
I (The first column Rives the rates fori
, . I all periods up to and Including a fifteen.
I ' ' day maturity, the second for a period
nf ulf.n In nltlflV .l'i.... .Tl ......
iCnPed Krult. 104. 162 i HJU -.",' urld fourth co'umns' are i'h. Vi..."KS
rlle'rrl?11, .ill tiil ,5,1 - FS?K""i" "f. St"".""1 "eured
.- u ,.iai... ,;,;.. u,i ,., ' ,.. "' """ "" """"" notes,
' ' " " '' I
12H
121
73
30
113'..
in
17000 do 7s 85s 85
3000 Bordeaux ts loo lou.-i
3000 C & O cv 4'is 811 81 '1
4000 do 6M ... 87 37
5000 Chi C.t W 4s 02 02
13000 (' B A: Q 48.. 05s 95'-.
32000 0 M & St P iff
conv 6s .. 81?, 813. 813 &
10000 do 4VjM . 81 'j 81 'i 81'- V
OOOOChl W llll! 4s 64 C3V4 03lt , M
1000 Col & So 4s... 88', 8S' 88'i g
4000 do 4'-s .... 79', 70 70 ii
145000 Cy of Paris Oa 99 Vt 084 08 E
2000 1)13 Sec Cor 5s 00'. 90 u, 00'i Si
4000 1)0111 of Can '31 97T, 07'i D7'.i,SI
240UI1 do '21 . .. 08', OS 98 ' S
1000 Hrle cv4s SerA 47'4 47Ti 477, P
202000 Kneh Hep 5'8s 101s, 101 104Vf, fe
80110 Hud ft, M In 5s 1734 174 174 Bi
8000 low a Cent 4s. 43'w 43'-j I3'ii ft
JOOIHIU Intctb Met 4V.S 43 42',j 42'j gl
10000 Inter M M Os..loo'ti Kin lun
7000 Inter Aur 5s. 00 UC's 06, ig
4000 Kan (' T 1st ,1a 80 VI 8il" 80'; .
14000 Uirlllard 7s .113 112 113 1
,2000 1. &. Nash Is. 86 80T4 80T, Q
320(100 Lib Bond SVjs00.70 90.50 99.70 ' fil
800(10 do cv 4s. . 93.00 02.00 02.00 W
.16000 do 1st 4s ...03 00 02.80 02.80 ,
19S0O0O do 4V4S . 00.30 00.16 00 24 b
51100 do 1st 4 Ls. 06.50 06.40 90.40 1
008000 do 2d 4-4s.. 95.21'. 05.20 95.22 K
2420000 4th 44S ...95.68 05 60 05 68 n
lnuun i.ons t.s .. .iiiii iiio08 ititi',
11000 L Val rets 1h.102 102Vs 102,
15(10(1 Marseilles Cs.100'1 100, 100,
, -.1111111 .viiuvaie us .. ss- a s
' 8000 M P W L 6s
1023 . .. 93f8
21000 Mo P gen 4s . 03
0000 Montana P 5s 93
I 61000 X Y C & II 0s 99'4
I 5000 N Y Hwy 4s. 43
. 500(1 do 5s ... 14'4
I 2000 N Y T un 4VS8 89
I 30noNYWCAB 4'-s 62
400uNor I'ac 4a.. 85y,
I 1000 Nor P.ic 3s.. 61 8
I 400(1 Ore Slit L 4s 88
I 200(1 Pac Tel 5s... 94 '3
7000 Pao (Lis 6s. 87 8
1000O Pa (tn ct 4ViS 89'i
400(1 Penna 4',h... 97 Vj
5000 Pa 4'jH 1921 07'j
5000 People's Has 6s 76',,
! 1000 Pub Ser N J 5s 70
2000 Pierce Oil '24. 024
2000 do 1020 102 '4
inoo Pero Mnrquet. 72
6000Headlnfc' 4s... 80Vj
5000 Hock lsl Ark&
Ixiuls 79
10000 Seabd A L adj
3s 52 'i
47000 So Pan cv 4s.. 857s
16000 do cv 5s... .104
2000 elo rfd 4h... 83
10000 South Hy 4s.. 08'i
"(1(11) tin 5s .... 00
2000 T -vms Co Os.,102',4 102',4 102'J
ii 35000 Thlid Ave nj oa auvj .11 au
1,7 4000 Tol StlntW 4s 61 51 6t
15000 U S Hubber 5s. 879b 87'i 87 91
,27 7000 do 7s 103 103 101
4 20000 11 . Stl s f 68.100 00's 100
.13 7000 Union Pao 4a 89 89 , S9si
7000 do Cs .. .. 104H 104'-j 104ij
16000 U IC of O B &
I tjijs nw 111 inn lim Kill
86000 do pref ... 10074 10(Hi 1007s
43000 do 1021 .... 98L 98H 98V,
67000 do 1937 ...100H 100'J 100'i
SOOOWllson Cent 4s 79 79 79!.
3Ir. A is a notably successful manufacturer. He en
joys a ivide reputation as beinjr able, progressive, conserva
tive. Why? His plant keeps running to full capacity
through an efficient selling organization. His salesmen are
active continuously, even though business is offered freely,
securing it with least resistance and expense. When it is
slow, they fight for and get their share.
A pays cash for raw material, hence gets best quality
and lowest prices a preference over competitors. He takes
advantage of all discounts; everybody wants his business.
He ships promptly and worries over no embargoes. He gets
top prices for goods, because he employs the best-labor and
materials and pays good wages. He has no labor troubles.
How does A obtain these results and his reputation?
By using tho prompt, dependable, confidential'service of the
Manufacturers' Finance Company. So should you.
We buy your accounts receivable (not past due) nnd all
shipments as they are made. At once your business is on a
cash basis, and your working capital is in hand. You col
lect all accounts sold. You retain your full identity with
customers; relations are not disturbed.
Evidence of accouht with us is merely a duplicate invoice
showing terms and conditions of sale, with bill-of-lading
delivery ticket or express receipt attached. You are not
obligated for volume. Use our service only as needed
Our Helii Io Sir. A-
In Mr. A 'a case, al
though wc had an Invest
ment equal to his by cur
purchase of $5,875,000 of
Ills accounts receivable
(representing more than
100 per cent increase In
volume), Ms added ptoflt
based on Increased vol
ume was more than four
tlmos greater than our
charges. What he was
. able to accomplish with
our service you can do.
niiat A Thlnki of It
.,V'Z,!''".'"2'"a 'e'er, si( us 0 A
tht writer's sfonnfurc omlttctl, aanamrl
0 oalroiu nre coitIdrnlfnl.
. October 28. 1918
Manufacturers' Finance Co.
Sntlemen We wish to assure you
that we havo no connection which
has been of more value to ui and
given us better service than you. It
is quite a pleasure to do business
with men of jour type nnd you may
be assured that additional evidences
pf our appreciation, in the hhapa of
Invoices and drafts, will continue to
be forthcoming.
.32
.20 '
.07
.tr.
.ns 1
.08
.00
.III I
.1.1
.113
.0.1
.US
.0.
03, 935,
62 63
02 'J 92'j
084 984
42 43
It 14Vi
80 80
52 'i 62 '2
85 85-
bl"8 61 ,
88 88
H416 04'1
87 , 87",
89'3 80',
07 '.J 07 's
i7'j 073 1
75 75'., I
70 70 1
02, 02
102 102 ,
72 72
86 80
79 79
r.2',j 32'i
5 85',
1034 1034
81 81
6814 68 IJ I
06'i, 06'j
MANUFACTURERS' FINANCE CO.
riDCLITY nUII.DINO, 11AI.TIS10UK. MD,
Arainbss Baliimodb
Represented In all principal cities. k
The oldest non-notification company in entire East and South "
gosjsaigsESi
rttm Annual MMln:r nf th MhMirn!rtar
.this, han tV for th ilirttnn nf T)trrtntsi tn
rrr durlnff th niuin y-nr wl 1 r h at
if! ninnini uc un iiit.m, uiiunr7 i.
i Dfiwrfii inn iiuura Ol I O CIOCK nOOD
O CIOt7K v rTi
VERNATION f. HKfrniTV M
JJt5 lhIUdtlphla Dc 11 intft.
Th unmul mtin- -f h ;nrkh Mm
wilt be lield nt th fUnliln Houte on Tne-
n unit 11 Itl . '. tViA .I..H m
I liw'in l'i". ' n- riri'durj tjj
EAKEH, IYLING & YOUNfi
LfltiT TITLE DUILDITJC
cstom FHILADELPHIA Chicago
Dividends
.UIO.NI. bKCLItiri'lllNK "
I'nL adtflDhla. Januarv t mi.
Tho directors have this day declared
Liverpool Cotton II
. .... . IL.
$ ,.!".",lly ' :J'J :1 7S'J -r1-' WtSoii" aoV6P"no nulet today with prices steadv on th.
to, t S Hublier 78 76'i lb'-. -1 15daj days In days days busls of 'n advance of 10 points for
do 1st pf 110', pn itn-v, I4 notion j 4 4 4L middling, old contract, at 19.99d. Saes
1- u wi...l 111.' ti't (ill. t, N Ynrk 4 VI A 277 ,u " .V.kn 1 iA. -..- .. 1
r.,.,r.n ..t.M.-. t r... .ine-n t Sk. . - ...... ...: .TT . '. . 7" ithlin,ilnhlie .. 4 it 2 3 Tt Were Ji'ttti i.tetct. .licit., n rt t- i,u in-
i.uildt rs .Mitits 12 ,-, cheeks 42,. "" " ' ""'a lla J"'3 'i r eveiarui . ..... 4H 4'i t I? cilpts futures were steiiiy in tne early
Pesetas .allies 20 14 rlit-cks 20 00 Lt-ih topp.r. t'l .1 72 , a. mriimund 4! il Ji! JB , dealings. Spot prices were; American.
,S" nekh tlni i lile. 20. (hecks 28'; Ya Car Cliem 6ii4 65 5114 V, Atlanta 'l 4i 4 IS middling fair. 21.30dj good middling.
Chilstlmiia cibles 28. checks 27V N aL.iKh . 84 85. JVj.. '.J110,"".; i H? J 4 jj I 20 62.1 : middling. 19.90d ; low- middling.
. C,,penhJK.ncabI.s20 85 rhfcksV60. wX'V','rif 71 ' 71 71 V 'nn'eawll.; '.V. U UloB, JS 18,9,rv WAd M ""' l7i
Ituble currency was w.nk this morning I JJ.'L, ,,.,x ',!,a ',,. ', "-, San Iranclsco... Vi i 4U J ordinary. 16 890.
at 1 3 fj 1 3 'i . I i).e .v"' -.' -. -r ' Kanssa City .... 4J 6 4V4 '
... vv est i-ic 1 r. . . ni 0. va 111 t,j - a. uaiiaa tit iiok 1 at '
1
We offer, subject to prior sale,
$100,000
Lehigh Valley R. R. Co.
6 Collateral Trust Gold Bonds, due September, 1928
Price 102 and Interest, Yielding about '5.65
Free of Penntylvania State Tax
Dated September 1, 1918. Total issue, $15,000,000, and ih addi
tion to being diiect obligations of the Company they are secured hv
deposit of $17.400 000 par value General Consolidated Mortgage
5-S, 4 and 4 bonds of the Company and $6,600,000 par value of
bonds of afliliated Companies. y c OI
These Bonds are listed on the Philadelphia and New York
Stock Exchanges.
Detailed description upon request.
Graham, Parsons & Co.
BANKERS
4M chutnut Stout
HM AOM.PHIA
HANK CLEARING:,
I West'g'. Mfg . 1214
White Motors 45 'i
will) s ui.rianu 2U
U',i -
421. 42'i 1.
4 5'4 45, -r
2RS4 25",
M i pireetor. and the t,;j-fu,."Bf si.ohT.he'r tmUnnii.r itvTdendif tSIliT'p,? e ,. ei?.7t ,, ,,;:, W in ' ' 7 k. 71?. 71 fi U-T
MC Uln... a. may com. befnre Hi. ,n; .,nc ',mM TtHyrn' "Z'rl' H,,h COr- Wis Central. '. i 31 li" ;"
W J ..." "cashier 3r5 ll onn ooo 00. .... vii-.i '.'... tiiV."-ii-.!R.7..n. Woo,tt.on'' 1331.133 133 -'4
rkvUl 5OlJnTTiltK N iTTonTl U..VlT- Undivided profit. ...3?,3C8M . l.n? J"; ; I". U 1. . ih , 7d2ai WprthlnKl.iu P
SmP-ir- ST I'lillaelelnhln. I'm. J2i!'' ' '"War i,t 41. 1 '.' sns 1.;.. Ill li ''at, . M pr A 89 88 so l
fit' Jfr W annual election tor Directors of tht. MIKTIIKICN ntl's,T C IIVIIMM " do pr 11 O7I4 671s 6714 L
IK MS L!nl will ' beld at the "jnltlnr House on lvtli and rnrln (nirtlen
tMf.X'Su Tusaday. January 14, 1U1U .between th. Philadelphia, January 11, nun Villi I'm. llii..ian Itnn.l i , " I
Imttwf ijoiwa of.IO n'clock a m and 12 o-cloek m. At a ineetlnir of the Hoard nf blrVcinrs '" u """"'" ,l01"' Interest ..(.,,, , a, .
EB -Mi sjJi w J 8YBINMAN. held this day Quarterly Dividend of i, r Inrk. Jan. 9. Announcement niale bale of American Tobareo bcrni'
IK. J ' ' sJUssnrnTK HiTir
tajt., . SBaaKSM. SIAaVJBlsSlaifA
I'enn Traffic Company Pays Extra
The Penn Trallle Cninpuny has de
(land a semlnnnnal dlvlelend of 3 per
icnt and nn extra dividend of 1 per cent,
both payable February 1 to stockholder,
of record January 15. Hooks do not
clofe
Fifth Loan to En.l liy May 1
IVa.blnatoii. Jan. 9. The fifth Liberty
......... neiu mi.. -. -. --.... wi.iuniu ii, ir.ke .r nan, unit. a.v..tlilluu.l
ni.r. ... ... .'.n. waa .l.nurpn. nn vbi. ...... ..... .. ., ......... .. , .... ........... .. . . . - . . . , .."- --..-. ... . .......
in-RH MPKTis.i nn Tin-, is il to atockhoTd.rs To? record ,o "7K ,"'" '".UT ' ."" """ ,"1wVnIv!' w orl' "" A lnKlo block of Loan drive wll be brougn to a close be'
uTf'JSSJI&ll'if'ti: ny 'it tL&i0ti iM'iJj. t .lu. iT1L7?ill?HiWirMH'H8000 American Tobacco scrip waa'fnrkMay J. It wra. learned at the T?ea.
MMiitv.Jn.nvin(i. .?'nii January 8. 1010. TT u I CM' u?7 lr cfni crilll Ctrln 1 .' , . . ........ . ... urv Denartratnt tdJav. Kxnrt tlat t
'tatk.' " .. Cheik for dlvldendt will b mated. (iXten f tlP former Zmperlnl 3
fl rllfl I I te ll'lf IJf If f'lTUTIH Jr.. Tral.i.ea. lL,.J,..Il..ll HAIlM Vi. Illtel
M IMUt'iM -"- "! Tsutil UVIVI1I
iniicilt would be paid.
HUSs:
''"!. n
over prlvntely by a MocK ex- "". iiTlS."" ,.U,."V J"f i A.' 1
thahci hous. tortav nt 1KB.- " Ki i' " ""'' " "' """ W.
Automobile Dump Trucks
Wanted $3 Per Hour,
10 Hours a Day
Owners of this class of truck will
please register with
THE OAKDALE
CONTRACTING CO.
1440 Broadway, New York
.by letter' or In person, stating
number, of truck you can f untlaJa.
ULKCL'TOtt
1IAKTEBED 111
TBtiaiJUi
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital $5,000,000
Surplus $16,000,000
Main Office:
325-331 Chestnut St.
43-53 S. Fourth Ei.
AlUUkIbIBATW ,
an' . , if , Hfj
Broad Street Office.
N. E. Cor. of
Broad and Chestnut St?,
i.ual',-aii.,
J...'iiiTii&Met tftrt i i.?.Ttr,i.,
Ifci
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