i"lA fct.
ifc
&-
I
m
i3
It
m
)
w
1-
ffc.
M
;r i
I
ill
BB . "Hi
!Tk R&ure for
American Industry
Even a pessimist will
admit that America is in
the most fortunate posi
tion, of any ctoutitry tn
re-establish industrial pros
pcrityat home and abroad.
There can be no doubt,
therefore, that the securi
ties of ably managed
American industries arc
the safest investment in
their class in the world.
Some particularly desir
able examples arc ex
plained in our Investors'
Letter No. K-17, sent on
request.
GHANDLEtu Company
Franklin Bank Building
Philadelphia
Nw Tork Bocto
K VE&JLNG PUBLIC LEDGER PHILADELPHIA, .. TUESDAY, JAOTABY li, 1010-
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICEl
SUPPLY OF STOCKS SO SMALL
BULLS EASILY FORCE ADVANCES
New York Stocks
New York Bonds Philadelphia Stocks
Adv Huniely lif Gu 14,
inx llubbcr
Important Movements on Side of Advances Discussion. -lnel;n i1 "' '
of Probable Steel Earnings Influences That Issue. Aiiis-chaimcrs' 3
filings
Pools Active in Industrials
High Points in Today's Financial News
Most important changes in prices on New York Stock Exchange
wore to higher levels. Supply was small nnd bulls ensily forced
advances. Specialties weic strong in nctive Curb market. Bears
forced lower corn prices, following early firmness. Cotton was
irregular. Foreign exchange remained steady nnd uninteresting. Tew
changes were maw in directorates of local banks at nnnual elections.
Bar silver was unchanged.
Am Airr Chm.lOlli
Am Beet Sup. TO
Am Can 4 9,
1.01V
6G
3i
83:
lut
69
48'
Net
f'lAa tha. SHOOOAmer Atr lta
O'J'i li 300(1 do deb 5s...l02'i 102'i 102 i
ItlEh
!',
T.nw
07
(NoSO
97
Net
G7'5
3 '4
33 U
301U
C8
48'i
i-l'l
'i
' B-f.AAft Atr. , . r.5i
givvi;.uisig.j'n;i (13 ififi
1 iouuu.m lor hco os no
lo prcf . .100", 100 ion.
Am C & Kdv.. 9n BSi
1 AJnx. Hubbr rts 15, I '4
.Am Cotton Oil. 44t 43t
I Am lllds & ).. 14i 14-
1 do pref ... . TB'i 75(
Am lnt Corp . 56 ' Go1
1 Am lea Sec . . 42 41'
do pref .1 . . r,-", 56
Am Linseed ..to 4"4
no pref . . . ifl 1)0
100
S9'i
i 1
i- 'i I
i I
i';
- ,
"e
44
i4. ;
73b -I- aa
66i H- '(
414 U
rr.
i-
!!
96(,
09 "
!:4
93 U
101 J,
88
86
SI 'i
79 4
78U
9fi
S3
7I
99,
92 i
933
101 ',4
88 ?.
85
Sl'i
79 "4 t
7"!i
lib
83
4!li
90
100
CMnBDiai
Investment
Suggestions
We have just prepared a Janu
ary circular listing 88 attrac
tive bond offerings, including:
34 Municipals
IS Railroads,
18 Public Utilities
4 Industrials,
7 Foreign,
10 Short Term
The rate, maturity, prico and
yield of these bonds are in
dicated, as 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. L-Si.
A. B. Leach & Co., Inc.
115 South Fourth Street
5praKiMHiiiuiiiiaiiaaiEiii31i!ai!iEiH!!3'J!ai:aiiJi:
New Yorli, Jnn. 14. Tlio most Important movements In the day's
I trading on the stock exchange were to higher figures, although business
was small In oIume nnd there wns 11 continued absence of outside In
tercst. TIip supply or slocks, lion over, wns so small us to make the
mnrket peculiarly sensitive to bullish Influence, requiring only a moderate
demand to establish mlues nt high levels.
1'eference to the showing of earnings that may be made nt the direc
tors' meeting two nicks from toda by the t'nited States Steel Corpora
tion haj n direct Influence on the trading In that stock, because of the
possibility that there may be n substantial rhango In the tnx item, which
would be reflected in the earnings applicable to dividends on the common
stock.
That market leader ns well ns virtually nil the other activo Issues hnd
been henlly oversold In the last week, nnd n good part of the strength
which was displayed at Intervals during the clay was the direct result of
coerlng of shorts.
Pool operations were renewed In a number of the Industrials, with
this buying most pronounced in Great Northern Ore, that stock advancing
l'i to above 36.
Hcthlohcm Steel "11" was Influenced by dividend unceitalntlcs and
sold down to the new low tecord of ST'i. The widest inngo, ns usual,
was In Mexican Petroleum, which advanced 3Bi to 18.1, but lost a good
' p.irt of this p.-iln In the late trading.
Kcports of reduced ocean rates checked the bu,lng In the shipping
issues, and, although M-nlne preferred was supported, advances In that
stock were quickly checked.
There was continued pressure against Liberty fourth 4'js, uhlch
sold down to 91.9S. Other bonds were Irregular and without important
change.
UNFAVORABLE CABLES i BUSINESSES ACTIVE
STRENGTHEN COTTON IN OUTSIDE MARKET
1
H
1 1
6
-t l'i
-rl'..
-'- II
70
IO
BENNER & COMPANY, Inc.
Widener Building
OFFER THB
Cumulative
Participating
Preferred Stock
OP THB
YORK STEEL
CORPORATION
Subsidiary of
YORK CORRUGATING CO.
oi-U. Pa.
Particulars upon request
Larger Domestic Mill Con- Several Specialties Move to
hiiiiiptioii and Foreign Buy- ' New High Records hide-
in Loco nref.lOO
.ni .Mail ... , L'n - 4 -
'.Sm Smelting. 73", 72', 7:!!4
I Am ynielt pf .107 ll)6's 107
t.m Snuff ill 111 111
. Aseo Dry Gils 215. 20 'i 2154
Am Sum Tob . , fl74 97 974
Am Steel I'M . 85 S3 5
Am Sugar .. . .I14U 1H U4'
At T ft T .. .101',, 101 101',
Am Wool . .. V.t2 48'a 4S'S
, Ho prcf . . !j6 96 96
Am Zlno & l.d. Hli ll' ll'.i
Anaconda .. . 6ft?i 60 r,o
Associated Oil. 75 73'i 73',j
Atchlm ... . 3i3 9.1i2 93'3
'All Hlr & All. 7. 7 7.
'Alt lf & W 1.104'fe 103'3 103V4
1 Dald Loco Co. 73 7134 71i
1 Hand of Com. 112 212 212
B & 0 404 ' 4!)T
do prof... . u6 C6 6$
Barret Co... .113U 113 113
Bmhlehem Stl. B84 67's E7'l
do B B9'i B7" 57
, do 8 pc pf..in4't 101'i 10 Hi
Bltn It Tran . 2.MJ 2S 2B
Booth Fish '. 21 Is'.i i!.
Burns Bros ..loG'i 156'i 15fi'4
.Butte r i- 7. Co 6'i B" ?i
linn. n. u c m. 1a. 18.
,'nl & Arl-ona CO Cn GO 14
'Cal Tetrol.. . 22 , 22 1, 22 i Lj
do prcf 7", C7i G., -,
Cal Tack Co.. 5(1, MVi B0i2 ..
CnseJIpf. . li llJ ls 2
iCcnt Kdy l'r pr 20 '4, 30 'i 30 14 5 ;',
Cent Leather . 59 '1 B9 59
t'ciro de l'.isco 34 34 34
Cen & S A Tel.ll74 117"i 117; "4
lliesa & Ohio . B'4 50 U SOU J- H
Cil. Jt & St r. 40i, 4(H2 40H -) U
1 do pref 72. 72 U 72.
Chi & Xorthw. 96 'I 96 li 96 U '4
! do prcf 134 133 133
Chi. Tit & I' tc. 24", 24 1 j 24 i ."4
(' (' C & St L.. SB 334 33
Clu't l'eah'y pf.104 104 101 J- '2
ciille lop .... IS 1 "! 1 :
Chlno Con fop. 34 S3i-j 3
Col Fuel & Iron 36 1 . 33 33
Col Oas & i:icc. 42' j 42 !4
Comp Tnh .... 39 39
Corn 1'roducts. 49i 48"H
do ))ref 103', 103",
Ciucllile Steel. 56", CO
do pref .... 91 91 "i
Cuba Cane Sug 26J 25 15
110 prer .... 77 7G',4
4
l'i
2,
Tiu
m
l".
is;
4
1000 Am Sm.ll K. . 1"S;
7000 Am T & T 5s. 94
22000 do Cs 1014
1000 Arm Co 4',4s. 884
12000 Atchison 4s... 86
3000 B r O Es . . 81 'j
6000 do 4s 80
10000 do cv 4ias . 78U
ZflOOBraden Cop 5s 96
9000 Ilrli It 'I' 7. . ."
6000 Bordeaux Gs ..100'J 1004 1004
.'uuncen J.ea 5s .. 9R"i S6"t 9b"i
15000C & O cv 4liS 804 804 80,
5000 C & O 4'4s ... 80 70 1 3 79's
6000C & O CV Cs.. RG 86" 864
7000C U West 4s 6l',j fi I Si 61'j
34000 Chi B & Q 4s 96", OD'b OB'-j
1000 CM&SPrfd4 Us 72'j 72'i 72'j
lOOOCM&HI'ev 4'is 80H 804 8OI4
1000 Col . South 4s 88 j 88'4 88'n
3000 Col & So 4'4h 79 78s 7
SOOOCumh T 5s... 9S'i 93'i 93U
GO00 Do of Can 21s fi7n 97, 97T
3000 do 31s 97 974 97",
2000Hrle CV 4s SD 51 4 61 J, BH,a
897000 French U 5'i.1034 103'a 103"4
6000 (ien L'lcc Cs.. 99 98! 98 "4
1000 Hud & M In Cs 17. ll''. 174
zooo into .Met 4'2K. 42
10000 lnt Mer Jt Gs.. 99i
5000 lnt Art 6s.... 78
1000 Knn Cy So 3s. G2'3
3000 do 6s 8ti
20(lOI.acl Stl 5s '50 87 'i
3000 Laclede Oas Es 99,
, 8000 Lip ft M T 6s.. 93'
lG20.000Llb Bond 3'4s. 99.48
'121000 do CV 4s.... 92.30
,f:J?22 1o 1st 4s.... 92.60
120000 do 4 's 9C.0S
1840000 do 4th 4 Us.. 95.12
juuw i.yons lis too1
414
994
78
(.lj
84 J j
87's
9i
93 'i
99.30
41 i
994
62''
84 li
87 !4
99,
93'i
09.30
92.10 92.20
92.50 92.50
95,86 96.10
96.10 96.28
95.00 95.06
94.96 95.10
100IJ 100U
llllh IOW
6.llla Ins. lu'.i iU
11 Am Oas.. 64 1.4,
100 Bald ljne. 714 "JJ
71KI-0 Stor 53 1 j B3'i
2307 Clen Asph. 06 62t
615 do pref. 851,4 M,
178 C N A 28 27-4
686 Lk Sup C t7'i 1' .
4 i.en Nav. 1S-4
20Leh Val.. 5B',i
lO.AIinehlll.. 50
5 North C. 7S
644 I'ennallH 45i
15 Pa Salt SI 81 '4
6 I'enn Not
Bk warJ77
1970PlillaKlec USi
"tiritTlo 27,
18 Ph Tract 71
ZOHcadlni-.. 81
1300 Ton Bol.. 2
102 Cn Tract. 8's
326 i; O I... 74'j.
230 U S Steel 91 'I
10Vurl&S SU
1W J ft S. 4G
T.x OUMtnd.
J4000E1 & Teo ,
Td 4s... 704 "
2000 lh Val
55
6(1
75
45
84 U
2B'i
27 4
71
81
2
38'i
7J'
90'i
8't
4C
Clois tns.
19! 4
Gl . ,,
71j; Ts
53'a ,
53 i "1
It ,
27 i '.s
17 'a ,,
72 4
55 Va
50
76 .,
4 6 U
84 U ..
:2M4 i-U
27 7 ',4
81 U
24
38', 4
74 1
91 U
8'.i ..
46
Nt
Clou- IDs.
0
10U',4
5nJ?rS0"C? CS-100', 100i looij
3000Mlda!o Cs... 874 ST 87!
11000 Mo p.ic W 1. '
ing Arc ALo Facttors
pendent Oils Firm
New York. Jnn. 1 1 Business w.is
miriy nctlc on the Bro.id Street Curh do Ken Hen.. 354
villi some speclnltlis inovlnir ui to new OaMon-Wnis... 29',:
iiikii rrconis. icuer.il A-iihnlt. In uhleli "en 11 (tar 10. ii
.lien i:ii
(lencrnl
iiu-ir uim nciivi iraiiuiB. solil nt B2H 1
tO 631 Utlll tlm 1irfopr..fl L-r.1,1 n, Ot
National lev was nnother Bironir ! '1 1'ref..
fcnfuri. Bhliinf ,.i r.ci- tr, r.o it ' no rts.
----- -, --..... ,,. vv -j ,., w, .. i-ij . i.vn
. 84U
. 1.
hlith uconl nnd International Petroleum , rirnndv -IlnI iir 78 'i
'." " uemanu -nun fc.ues at 19' . to 1:1 vrtl,. m nr n.-ni
194.
Telephone Bonds
The Awn frail Tel. .t Trl. Co,
tclth HI iiiUHoim of rojilnl aloelj
ond nu nWlf(oitnl ID mft'fons of
equity, hai citnbHiheil n mnrfflu
of safely which placet the bomls
of the company in an cnvfable
ljattton.
The new tviucs of battili of titi
company arc puiticularlj at.
t) active.
Orders pineal with tis u'HJ 7inve
careful (Mil Immediate attention.
Reed A. Morgan & Co.
West Knd Tmi- nidp , I'htln
Mmbr nf th Phlla. Mock Kxth.
cotton ih:i.v i:Tiir.it ( o.mhtio.v.
"iv Vork. Jan. 11, The fttllowlnir trin-
Kriiturri. cre rrrvrrltU in the cotton
II IhU inoritliiir!
OUIiiliomo. tils, ,30i Knimlllr. .1 1 1 An
ruMn. :1H Mm nil nnd Ullmlnclon. 8Hl
.1ontciinirr.v, Kli li.i rlrton. Alliintit mill
".iTniin.lh. Ill .liirkMinrlllr. l'i-li.liolj.
MrklMir nml Fori nilth. 4Ht hhrrie
perl, Memnhlx, Orleiinv nml uh-
111". ""I Tiiinnn nnd orniin hrl.tl, r,.':
.-iin nlniiW, hihI (.iiltrftton, 58.
There n ,0'J Inrli vl iirfflpllntlon nt
ort smllli nml .IHiit Alillenr.
New York. Jan. 14 Influenced by un
favorable Lherpool elides, a l.irRer tc
ecrnber demostlc null consumption than
expected and foreign buying, the market
opened firm nt mi nchaiice of 15 to 21
points
The French commission mq renorted
a buyer of the Mm position and Lir- l.'elws CR4 and 7. t'tiltcd States Steam-
pool llrms boiiKlit Ihe ne.i months. WallS'U ns Meailv, selllni? nt 3 to 4!.
street shorts covered nnd sentiment! iener.il .Motors new Mock (-old at 80
veemed to lie more reactionary, notttith- 82'- nml I'lilteil Jtotois wns traded In
, standing the unsettled cloth market. nf 33 4 to 35,. BrltNh-Amerlcan To
I SMlInc ordtrs came from the Pouth ' i'eco continued strontr, srlllniT nt 23i,
and fiom some of the local trader,' There wa. n fair amount of business
wlille brokers for Japanese. Inte
bought
ine openuiK au,im.e met realizing iy ucr prersurc, selling nt 2'- to 2
uonie or jesieruays eariy nuers ana a IMilM'Hliis
Del ft Hud ...
IH-nv . It O .
do pref . , .
Home Mines . ,
Hist Sec
I'Ikliorn Fuel..
l.'rle
do 1st pref,
do 2d nref . ,
do Ken Hen.
104U 101
SI
GN,
114
W'
17H
27T4
Co.. 150
r.ii
11',
61
284
17
274
21'-
55
29".
60 14
Win,
42's
39
49'4
103T4
5G'4
91-",
20
76 U
104
;
r. i
it;
r,i "
29
17'
"4
1",
-t- 4
Tl'4
'4
"
'4
.
55
29 M
50V.
1494
6 lfl!!G . . 10
2900O tlo. gen 4s... 62
4001) Mont Poiv 5. . . 93'
8000XYC&H 3'8s. 72'2
56000 do-G . .. 99
7000 do 4 ',s 8JI4
12000 XYCy 4i,is60s 9G,
1000 NYN1I ft Jl cv
3U,b . . r.n":
JOOON v ny 4s .. 4314
1000 do 5s 14'4
000 NYTel bii 4 'ss 90
6000 Nor Pac 3s.. GO";
18000 Pa Ken ct 4's 89M,
lOOOPenna 414s '21 97"n
6000 Pierce oil 21s 92 '4
9000 Ite.idlnir 4s .. 8GU
2000UI if S5s . .9514
2000 K 1 Alt 1 78-,
6000 Sinclair Oil 7h 96K
,7i!S2S A ' "'. c"- "2 U
11000 So Pac cv 4s.. 8l,i
2x22 " Cl ...10314 103-: 103i,j
2000 do rM 4 s:i!4 01" ii "
-1UUU.-50 uwy 4s... 67h
7000 So llwy St L 4s 74 i
7000 Third Av ndj 6s 30"i
lOOOTrl-Clty 5s... 96
14000 L S Rubber 5s. 87
1000 do 7s 103
6O0OU S Steels f 3s. 100
2000 Un Pan 6...inii: injn imii
25000 U I of (1 M & I
..... V-M -n19. " 100 100
J?22? '.lo new 1319.100U 10014 ioou
o5222 '! ;ns 1nu ioou ioou
20000 do 1930s . ..kioi; 10014 10014
210011 Vo. Car Ch Gs.lOJ 101 u 10"
1000 Va ltwys Cs.. 91'i 94'J 94t
914
C2
: 93
72 Vi
98,
82'i
9G
1
50 i
4314
13?4
90
G0"i
89.,
974
92'3
85
951,
78!f
96",
84
g;
74 1,
30
964
8",
103
99 74
Coal 5s'.100'4 100.
3000 do Gs.. 102'i 10-'" 'v-
200 Lib Bonds
34h tk08
750 do 3'499.10
1350 do 2d 4s. 92
250 do 2d
414s ..94.00
1330 do 3d
4H3 ..90.01
3950 do 4th
4Vis ..95.06
1000 Pa Co tern
cts 4',js OS
7000 Phlla Kicc
1st 6s.. 96
1000 Reading
gen 4s.. 86
2000 Span-Am
Ir 6s..,100'a
2000 Un ltwjr
Inv 5s. 634
!4
914
G2
9JIJ
72H
98',
82 !J
96
60 i
434
13",
90
60 Vi
o1? . nwt-a tif.. fil
U,' Am Stores pf. 90
it A (1 war .... 7,4
li, , Brill J a 20
SSl I Buff ft Sus t c 70
I?7 1 Buftft Suspf. 40
ill,', ri.mh.ln Irnn 40
I. ' ""'i-,. Si ( i
Cataw 1st pf 62
Cataw 2d pf.. 54
Cen Pass ns.l09
Con Trac N J .62
Cerni:xNtBk .130
4th St J Bk.300
98
99.10
91.80
94. GO
93.G0
94a60
98
95'i
86
100'i
G3U
98
99.10 .10
91.80 .80
94.60 .64
96 12
95.06 .54
98 '.i
96 "
86
100'i '.4
63'.i .
52
84 ,
G
74
30
9G4
86-4
103
100
PHILA. INACTIVE STOCKS
Following are "--ffiS.lSiB ""
slocks listed in the X' here wce no
Kxchango and In which ".we
trnnsactlons today. The prito bi
the last prcilous rale: , J0
Acme Tea Co. 79 Hunt JB1 i
Am Milling... !! . JZ,'V::: 60
Lit Bros ...; ;5,
Little Schuyl..
North Central. .5?4
North Penna.. 94
Phlla Kl y J'. '
Phlla & West. 6
ltwys Cen ... -Ton
Mining... J
I'n Cos N J.. 190
Unl nwys pf.. 14
Un Pass rtys..l50
West Coal ... 75
Wra Cramp... 81V4
GENERAL ASPHALT COMMON
AND PREFERRED ADVANCE AGAIN (
Both Classes of Slock Reach New High Records on Phil--
adelphia Exchange and Business in Other Local f
Issues Is Quiet !
nr
Virtually nil Interest In today's Philadelphia. Stock Exchange trading cen
tered nfraln In General Asphalt common and preferred. Both classes of
stock advanced to new high records. The former -vm quite active and there
was a fair turnover of the preferred. The high level was reached around
midday, when common shares changed ham's at G6, "P 214 points from yestor
terday's final quotation, and the preferred advanced 1 point to 85V4. Iater the
common reacted on profit-taking.
There continued to be much discussion In the Street because of the
activity and strength of Asphalt stocknnd, although no definite news, wan
forthcomlng to explain the bullish position, one prominent broker said he
believed It was due to the manipulation of New Tork Interests who were un
loading with profits. Ho pointed to the recent activity of these Issues on
the Curb, which was continued today, as evidence that New Tork was much
Interested nnd It was also mentioned that much of the selling here came
from New Tork.
Other home stocks were neglected nnd price changes were generally
small and uninteresting.
Exceptions Included a li gain for Lehigh Navigation and a. 2-poInt ad.
vance for Penn National Bank warrants.
There was a fairly large turnover of Philadelphia Electric, but It held
steady nnd was unchanged most of the day.
Lake Superior showed no reflection of the earnings statement for six
months, and Tonopah-Belmont, on the December report, was active but un
changed after a slight recession.
Insurance Company of North America ex dividend advanced a little,
but was slow.
Steel did little but gained slightly.
The Lake Superior Corporation statement of operations covering six:
months ended December 31, 1918, shows 201,557 tons of finished steel produced
against 139,198 tons In the same period of 1917.
Net earnings of Tonopah-Belmont Development Company In December
were $37,600, as compared with 59,G38 In November. Net earnings of the
Jim Butler Company were $3353, against "2629 In November.
Preliminary estimate of net earnings of Belmont Surf Inlet for Decern,
ber was $32,000.
The annual report of the Lehigh Valley Transit Company for the fiscal
vcar ended November 30, 1918, showed cross earnings of $3,330,000. an In-
crease of $113,000. Total net income was $1,029,000, a decrease of $150,000. f
Dividends on the preferred stock were discontinued,
',
lis
Molor.l.lO'i 129'4 130, 1S,
Ct North Ore n 3Gii
inucpcnuem (.III ktocl. wrro cmi.i-.iltt- iJiiir uii. u, e.,
firm In strong, Houston celling nt 81 to Illinois Central 97-",
S2 and Cnsden at 7'.. and 7-. ' (lnt Agrlcul... 16",
nutunarine Boat was luavj. dropping
tu lla4. and other war order Mocks
whowed ,-i steailv tone, Wright-Martin
cllliig nt t and 3, nnd Aetna Kx-
84
15
0 Vi
78 1;
93 li
34,
GO
97,
I3
Financial Briefs
84 .. The New Vnr, Ktil.ti A-innr.. .i ,
l"i .. $727,000 from the banks yesterday mak-
001 ji -rl J? ' Ingn net cah gain since Friday of
93 " ' Vj , '" ' '
r.5"i -lj. The Interstate Commerce Commission's
Jjji - compilation of Noiemlu-r earnings of 180
Vl,1 . 'laji'.one mids nml fifteen sultchlng
Uu i nnd terminal roinnanles In tl, ttii..i
r u...... ..,,.... ..... ., . - -"",l''
TODAY IS BANK DAY
Majority of National Institutions j
Elect Directors
Today Is "hank day," so called In th
financial district became stockholders
of the majority of national banks In this
city and throughout the country meet
on the second Tuesday In January of i
each year for the annual election or i
directors. In some cases the newly
chosen hoards also meet for the choos
ing of officers, nlthough others do not
organlzo until the third weeks direc
tors' meeting.
The meetings In this city were nenrlv
nil held nbout mid-df.y. but few changes
In boards were made, lrtually the only
new directors chosen being those to nil
acancles caused by deaths or resignations.
. f;?.i . , ' ,i iSr- ," 7. ?,."i'Si';1,,"Hl0,alo",ratln"rc''nuesof All the former directors of the Corn
Inspiration (.n: II 43"? I3, 4 .39.770.981. compared with $357,273.- Kxchange National Bank were elected
.!).!! .""" r. -Si .,Sf A "" b-6 tli "' ."Vntli in 1917. or an In-' nnd, In ndditlon, Ira Vnughan. of Dun-
liiter-i'ons C pr 20i4 20i4 20"i .. , crense of 82.497,35f.. Operating Inoomo I ran Hood & Co.. Inc., manufacturers of
I H fi (new). 113 113 113 ", increased -18.902,668. with net operating glazed kid. nnd Alan D. Wood, of the
lnt Mer Mar.. 2u J4-, 25 -r- .. Income showing a loss of $19,641,413. Alan Wood Iron and Steel Company.
do pref .. ..107 105", 10fiia -- "J 1' or eleven months totnl operntlne-eie !
Internl Paper.. 30', 30", an, .. nurs were $4,473,174,380, an Increase for . ," ., ,i vi,.
do pref sta. B2i" l!2U G2ii i. the Irlod of $759,807,430? with a net At t,le "nnual meeting of the V jrst .
Hit Mekel .. .30 !. 591. i " loss of $217,939,400. a "ot National Bank, the National Security.
i '
nuer. ""' ;! a inir amount ot hUFIiios W,.n " ,.:.
terests'ln S 1ft liiternatlonal. which sold at 40 '-"'''i
, to 4514. I.lbby. McNeil & I.ll.by as un- Krnmcot
n neunt of scattering pressure from l.tcol I
nnd southern sourcis. under which prices
soon turned easier.
March contracts sold off from 20.25. j
the early high leicl, to 25 90 before tn
end of the first hour, while actite months
generally showed net losses of goinn 10
to 20 points.
The circulation of the few January
Aetna F.n1osIes
Am-Hrlt Mfg. . .
Am Marconi
Amer Writing Paper.
Air Reduction
Canadian Car Co. . .
Can Car Fdv prof.
- n.irconi iron.
r.ctlces c.uiyed peatterlng liciuldallon in .J""ol!t Moiois
AND
OILS
PEACE
A concise pandect on the
future of Oil Stocks and the
cominjj OIL ERA. Send for
your copy.
HV Specialize In O '1
DUNHAM fa
ft jiurslmcnf Stcurnitj "s,.
43 Exchange Place, New York
that ilelner.v. while It appeared .hat
local traders hate been waiting foriomn
such rally us that of esterdny to mal.o
a helling basis.
T
1 Jiruart
I Mjrch
, .Mnt
.lull-
Oi 'oil. r
Toil.r h 10 30 11 3ll 1 30 2 .-0
, lo.- iippii .t m n in i, in i ni
27 !", L'7 7", L'7 70 L'7 7i 27 "n 27.70
. lit -.'fl 111 ;'! in L'i ml 2.",. 71 2n ",0
ill -in, .1 1:4 11 ' 'i A i.... .. :.
A 711 21 mi 23 Ml 2.1 7 2:1 72 L'I 4Z ' !,,n'm Jiunitloi.s
21 1.3 21 s", 21 0", 21 03 21 li.i 21 i
'rami.
Curtlss Aeroplane
C.irnen Tool .
Carbon Steel .
I'menon I'honogiapli
Hendee Mfg. . .
I...ke Torp Ilo.it
l'hlgh Coal .Sale),
Lima Loco
r.1.1
'i'4
160
7S
II
!'H
Vest. ro
AfU (sale)
7 7
r
4j; 4-,
2",
60
33
S3
8
100
St
13
S
90
lnt It.in Tr pf. 71
Jewel Tei .in
Kans Cy Sou. . 18-
C S pr 63
menu Con. 33',
Kress M 11 lit ino
l.ark Steel. . 65
I 1. & W pr . 19-i,
I.chlsh Valley. 551
71'
30
IS.
53
.12 Vi
105
OP,
19
,r,
1",
30
18;
53
32'..
105
the Ninth National, the Plillacieipnia
Nntional. the Central National, the
in 7 i.i hllauelphla Stock Kxchange has' I Ighth National, the Southwestern Na-
I lllr(l lilt f(l I nU Itlrr iilil Mnnnl i . I - . . . r, . ti-n..-.l l .. A I 1". .
li. iVnnn iii.li. tTii ", ""' ""-""''es: tlonai, tne neconu .taiimiui, jit-.u iauiic i
i -3000 Philadelphia Company consolidated Trust. Insurance Company of North i
i 'n,, f,?i,,n"ral ,ru.st B,PFr cnt bonds, America, the Northwestern National anil I
,. 1 . 1 ., , , .' ------,--- ...... .v..,,,LII miner ' ine 1 enieniii.ii .iiiuii.ii tiurb,u,o ,,v
11 1, ', the sinking fund and redenintlnn t,i. i" .i....,.i ...i.hr,. i,niir. '
l-l dated July 10 1917: making the tolai
n,T:.Hn:-OIJ""u;.s.',At!im.!l"aal!lI:-rtinecll At a mcetlnr- of the stockholdera of
19",
li'.
1.1-r & My Ynb.219 219V, 10 -IV listed a T date J1J ! 5 0 .000 m3 reducing ., Atva.ime.Vln?mff l' own 'cer
, .. . .' r. 7. - r. - ' 1 aitt nn,l liii-1.li.nn ttns Kprt-ed lo Rtnrk.
in
s;
30
4
18
2'
90
20 20
1S3 1801, is-.
21 '4 21", 24 14
13j
101,
5 '4
25 li
53 I-.
70
307;
1154
1.-,',
10 V,
63 l j
70
30',
MONXY-UvMlING HATES
Vi:W YOttK Monev on call, mixed
collateral, opened today nt 4"3 per cent
for lending nnd renewing on a'l In
dustrial collateral, the opening r.ite was
5 P'-r cent
As Is usual nbout the mliidlo of Jan
uary of each car. improiement is le
ported ill the market for prime mercan
tile paper The present supp' Is below
the demand P.atts show- furtl.ir ease,
and thi.ru are few, if any, reports of
trnnnaetlons In prune paper m i'ho
6lj per tent The innge Is fiom the
llguie mentioned clow 11 10 5 per rent,
nnd 11 Is onlv within Un- last day ot
two thai this extreme io-v tlgme was
reached.
VI
2"
J 5
. llli
, 13
107
N V Shlnbul'dlnir
Nor Amer Paper Pull
'tis nietator .
Peerless Motoi . . ,
Poole nng
Scrlpps-Ilnotti ....
Standard Motois .. ..
Slee Alloys . . .
Submarine
Hf Joaenh T.e.-iH
Todd Shipbuilding
. miiKIC r illll I. i ,
t'nited Profit shar.ng &,
1 H .Steamship . .4", 6
I rilted Motors 351, ."jr..
World l-'l!m ... u c'
Yi'rlfflii.Maitiii Mr . 3f4 4
stavhi on. s-rnt'kA
Illinois iri u-
.M. .. " ,.
J'rair'e Plp . . -.,;s
fianaaru (ill of Cil. "58
- '2
till
lll'i
10
3D
8
8
12
14
109
47,
93 lj
04 0,
IDS
ir.;
so
104
ii"
a.'h
U. S. LIBERTY BONDS
$50, $100, $1000
BOUGHT. fOID ANT KKrOMMENTJITl
FOR INVKMT'IKNT 'I'"co
NeTiburger, Henderson & Lo:b
1410 rilKSTMIT WTREET
mwlxr, N. V. ". 1'lilU. Hlock E,rhiit
riVANT" T.
nnnnl Mftlnr
1 nllnteral 'oans for lieu dates nil"
as quiet ns heretofore with 6't(ft e'a 1 Standard till of N .1'. '.'"
ir nnt quoteu on guon mixeu una o a stanaarcl oil of N Y 317
1 5. per cent on industrials, with some imii'I-kmii-v i- m
bus.neis for slxu ..ml ninety la5s nt H.. nV J..1 i ,' i
,11,. low.r figure. l"Xn?cn& '""
Prime bank aeeeplan.es n-e moder- ,1.?.-1II ' .'
.,1., .,-,.. nt unpliiiliueil lates. The I ;:". '-ini"
tone nf tho monet marl.et generallv is
c.isie) tliun some of the leading bankers
tMieiled. '
.ill loans on pilme bank ac. epianccs
are uni-hanged nt 5' per cent
22
rhiladelphta. Deccmbfr Cth. 1918.
The Annus! Meeting or the KrocMoi,i,r, !
of this Hunk will l'i hM t iia llank'nj
llou,e on mtMinj, Miuiuiiry iui, lulu, be
tween twelve o'clock noon anil one o'clock
n. m.. tor the 'lection of elchteen Birectors
to -' for the en,ulns year.
IMUI.AIillI.rillA Call. 6 per cent;
tune, 534ii6 per lent. Commercial pa
per, three to six months, 60 6 per cent;
six months, ti per ceni.
I'edeial Oil .
Inter Petrol
Houston Oil
Merrltt fill
Midwest lUnning
Met Penol
Ohio I'uel . ,
Sapulpa lief . .
Ntiiuoiah . ..
Sinclair
lhUnd Oil
'Jlen P.Oil. Oil
19 14
SI
.21''
lii
321
STOCKS
; 711 7'1
6 J Lii
i 2, ;'i,
1 1!lj 19
82 811 1
, 22'j
23 Vi
r s. KnoMi-n cm
MKCI'RIIV HANK
tj-pNATlONAT
The annual meetlnic of th Rtockhoidrr,
will he heM 0.1 ih Iianl.lnir IIou, on Tueil
ar. January
19 noon una
' '""SK ? ""'.. ."": '".Ji?.H" of, ;: ; H y.iiav bins. 4 71
. -. 5i---;iiDri or1 ".. - i.i...
rOKKIGN KXOIIANGK
v. Vntit. Jan. 14 The market for Atlam.i
forelun exciiange continued passive again Illg l.eilu
11 tfo earlv dealings today and there Uutte New Voil,
wero no uiiiui-uiwi ..,..,h--, ... .,.---.
The tone was for tho most part steady
quotations were .
Demand sterling .04. cables ..6A
eiMv.ilji- bills. Tioiiiiii.nit i 1-
MIMMf T(I('K
4
'. 'J1
'T
rii -.... -- - . ....
plrectors anJ the trunaction of aurh oihef Franc raoies -0, ""''
Wi. .... . n.nv- nn,. ,..r... .k. ..,
VW
men aa may com, before the in-. tin.
.ic,tii.r:
Cashier
! T1IK
-- Contrlhutori
Miaalnn of rlillu.
, . r.ohles 6 35. rieiks, 0 3,
j I., .nl.l.u 4.82U. checks 4.86
oullder cables 42,. rhecks 42 1
. tegftas cables 20.18, checks 20 in.
Stockholm cables 29 checks 28"..
Chrlstlnnla cables 28. checks J.-i
,',,.,... ,li:,i-.n cables 2h'. ehei ks 20'
.w". " :: ,i..ii ....I ,...t.. .. -."!" i..cit-ii
llunin curremy s uuu .. ...-. i MeKlnley-riarraBh
13',, "J 13,.
a-.Mi.ii, .-ik.i;timi iii tii-
Contrlhutora of the llnlford Ktreei
I of Phlllt. will lie heM n l-.i.i.tT1
Jan. 17th, nt 3 p in at th Miaaion llulld
Inir. 0111 Kaler i for Hie election, of
Manazera and for the tramartlon of uch
other buelnee aa may rome before them
c. iM. i, itcitiiir. secretary
r HANK. CI.KAIUNC.S
Annual Kleetlona Ilaiilt earlr.sa toJay iomt.a-ea mth .
. . ......j i.i lni uto tear
riiii'.xuELriiiA, niisr month "'""" lni imt put
3th. IDIU. At an elect on. hM ihl. Phn i.d 171. n - !.- ''- ' - ,,im
follow'tni: nimed DenonawerN .ima.. v-.. -v t Tl'i 0",0 3in ll.e 40.,,.'ii2
Plr'etora of THK I'ltOViDK.Vr I.irn ANO jio.lun 111 2:.l,'l7 77.712 911
Con rii
l i' S fc Jelome . .
Plrfct National
Oolilfleld Merger
Coldtleld Cons.
Coldfleld l-'lnreiun
Ooldllelil Kewana
Hieen Monster
llccla Mining.
How Pound
independence 1-dd
Jerome Veide.,
Jim butler
Jumbo i:tepsion
TRUST COMPANT OP PHILADELPHIA.
td aerve ur enrru 4 vara.
: nom-nr m jan.vkt
V MARRIOTT C. MOmtlR
JOSEPH II TOWNSKND, JR.
FRKUKtUC 11 STRAWtmlDU:
LEVI I,. ItUR
The folio Ine hold oter:
Term eiplrea 1920. Term e-plrea 1921.
John D. Morran Aaa H Wine I
r-hirle, II. llardlna- John Thompaon Emlen
? Jli,! vi Morria It. llocklus ,
J. Whltall Nlcho!on clforg Voo,l
'Ceorse II. Frailer Parker f. Williams
At a aubaequent meetlne ot the Hoard
ef Dtrectora, helil the aame day, AHA H
WINCt waa re-eieciea j-rreioriu, hiiu u,
MARTON TOW.MSKNll. JOHN WAT and SI,
ALtlKRT I.lNTON were re-elected Vice
Trealdents of. the Companv.
-" LBO.NARD C. ASHTON.
1 Secretary,
.Magma Copper.
.Mother t.oue..
Mines Co of America
,, ,.ciada Mills .
Netadu Wonder . .
Vlplsslng ...
.tn Ian Hercules
in ;o". 4it. lonopah Kxtenslon
IU.77UI127 1 Tnlted Verde
West 1'nd Con . . . .
i;
1.
5
21
12
f.
.
4
34
12
11
I White Caps
American Gas Co.,
N. J. Stock
Bid Wanted
A. E. FITKIN & CO. I
MBdwy.N.Y. TeUCort.1602 I
31
J A
... . 16
4
, noxns
, Kttlehem 7s (notes). . 100.
cosden Oil 6s
Casden & Co 6s. , . .
Cudahy 7s
Ituftlan !ov 5'js .
1
14
',
41,
:i
'
37
15
45
1
6
a
S'i
.V
l'i
do 1st pref.
do 2d pref.. .
Mex Petrol . . ,
Miami Con C. .
Midi ale Steil .
M d St I, new .
Mo Knn & Tex
Missouri Pac.
do pref ....
Mont Pnwc"
Nat Acme
Nat Hlse pref. 1164
Vat Cloak S. S 75
Nat IJnani o: S 48
do pref '13 '-
Nat Lead lii 'J
do pref . 108
N'ev Con Con 17
N O Te. A. j, ;io
V V Air Brake 104
N" V Cent 74",
N V nock . . .254
N V N H Ar II.. 31 1
.Noir o: west
do rts . . .
N" American. . .
Northern Pac
Olila Gas. . . ,
Ontario Slit r .
Owens Hot.
Okl.c P nref.
Pfic Mall . .
Pan Am Pet . .
Penn 11 P.... .
Pen (Ins iv C. .
Pere Mm- pref.
Phil.. Co
Pi C & St 1..
Pitts eV West..
Pieice Arrow
do ptvf
Pieice Oil .
Pitts Coal .
PlfM-ed S c
do pief .
P.y Sil t-'pg.
Iltij 1 'on Cop
Heading
P.cp I & a
ltov.il Outcli
S A I. met. .
Sr.irn Hoebucl:.lSH
Sl'i.ttuclt Allz . 12 '4
Slows-Micff rS.1. 19-,
Sinclair Oil 36
South Pacl(ic....1nl",
So Pur It Sugr.138 .
Standard Mlllg.124
Ktuilebaktr 52
Strombg Car 1J 41',
Stuti Motors. . 30'i 5dij
Tevan .- P.ic . 33 14 3.'
Te.vi Co . .lS9-4 187",
52
20
- I",
- 2,
- '.
13 Ji
10 V,
5V1
251,
53',..
70
30 7,
115,
The New York Stock I'xchange has
stricken from the list New York Central
1 Lines Guaranty Trust Companv of New i
Vork II- per cent cijulpment trust cer
tificates of 1910, Scries J, duo Januarv
1. 1919, and San Fraiici"Co & Northern
Pacific Hallway Company nrrt mort
gage sinking fund 5 per cent bonds, due
January 1, 1H1!,
-24 T'.e consolidated report of American
slilnii and luncheon was served to stock
holders, directors and their friends after
the election. . . ) .
On Tuerday morning from 9 o clock
to 9:30, the new directors will meet 1
to elect officers.
W. Averell Hurrlmnn, of New Vork,
and CJcoige V Tyler, of this city, are
two new members of the rouith Stieet
Nailonnl flnnk elected today Mr. I lor-
rlman Is president of the Merchants'
1HO --,5
47",
9SV,
43!
6
4'
9",
26
7il.
451.4
. m
57
. 31,
. 4 6
. 37'i
:,o:7
. IS".
47
. 64
mi
. 71
. 2il 1 j
. 81',
. 74H
. 75.4
i;
Si's
106
T,
47',
'"-''a
431..
6
4'
!'"
35',
1',
43
57',
31 'U
4 6
42 '4
103
17',
46
1,4
UU
73',
20",
hnl".
4S
93 '.
64"4
10S
K.7.
30
104
7.14
254
31'.,
106
T.
47'',
921.
4.1 's
6
49
it',
36
6ii..
45
4S
67 J.-
31 '4
16
42'.
In2
17',
46
1,1
111!
73',
20
k(l4
73 14
74
17
13'4
4",
nVil,lwf.' !;x.pr,'!,s. f0.'; AuEust ns Hied , Khli'ibut'.dlng Corporation nnd of the
tiltli IIia inlprstuf. I'nninm.nn r.n....t. ' .,,,,,,,. r. .
with the Interstate Commerce. Commis
sion lonows; ciperaiing revenue, -11,-620,104
; net operating loss, $399,464, and
operating deficit after taxes, $535,1 78.
Samuel Ilea was today elected presl
dent of the New York, Philadelphia nnd
Norfolk Kallroad Company lo succeed
William A Patton. who u-tlred.
Chesten Shipbuilding Compant ,
Tiler Is son of Sidney I. Tyler.
Mr.
Appllcntlon has been mndn to Stocl
At thn Quaker City National Batik 1
election Maurice W. Sloan and Alois K
Datz. who were elected to tho board
recently to fill vacancies, were elected .
for a full tcim. I
-i-nnnvnnk National Dank htockho'.d-
joun jacous uiiu j.. umm
vacancies. Mr. jacous
in. Phll.idelnhla Paper
capital Mock. na:,.,. changed from King's ?"nnurnct'"ny?,?
County Cleitrle Light .-. rower Com- lace was lately elected piesldent of the
p.iny. We.1nii.11 liurton Company SI.- bank.
104,000 additional common slock
lienrv Jt. JIcAdofJ' nnd Nonnnn K.
Olenroik Oil directors hate authorized Conderman were elected na ntw mem
the Issuance ot 100,236 Miarcs of addl- hers of the board of the bnlon Na
Exchange to list Plerco Oil Corporation J,S L1"le.li 'L0,111...,
-760,000 additional common stock. ? nllaee t o til I Jn
Hrookln KdlKon Company -19,000,000 '" president of the
Wc offer and recommend for investment
WEST PENN POWER COMPANY
First Mortgage 6 Bonds, Series "C," due June 1, 1948
TAX EXEMPT IN PENNSYLVANIA
This company suppliea electricity for
lighting and power to 78 cities and
towns located ten to fifty miles from
r Pittsburgh, the combined population of
which is estimated at 440,000.
The bonds are a first mortgage on all
the company's physical properties, the
replacement value of which is largely
in excess of the outstanding bonds.
i
Net earnings for the year ended Sep
tember 30, 1918, were approximately
two and one-half times interest require
ments on all outstanding First Mort
'gage bonds.
Application will be made to list these
bonds on the New York Stock Exchange.
Price 100 and interest, yielding 6
.4 com;i'-ic dcnciiplion of these bonds will
be sent upon request for circular PF'.i,
HALSEY, STUART & CO.
INCORPORATED SUCCESSORS TO
N. W. HALSEY & CO., CHICAGO
LAND TITLE BUILDING, PHILADELPHIA
CHICAGO
NEW YORK
DETROIT
BOSTON
MILWAUKEE
ST. LOUIS
tlonai stock at 3.50 a share, to mi.pk.
holders of rciord January 20 Holders
have right to subscribe on or batoro
I'tbruarv t7 for one lien share for eierv
eight held.
DIVIDENDS DECLARED
(Jt-,B W. .-- ---" " -.- - ., , ,,,
tlonai Bank, 'tne loimer nram i.
ate Aaron flans nnd tho latter his
father, Theodoie II. Conderman. de
ceased. Tenth National Hank stockholders re
.u.,,i .llrrrlors. but did not fill the
tneancv cause by the death of "A altei
isrniiiia i-mvcr nun i.mnt lomnnni. ouur. .'." " v..l ..- ....
trly uf of I Tier cent on romtnnn, i,jahle cou ouriim j"
I-Vliruarv 1 to IioMts of rriord Janu.iri 15
,1, I, Case ThrrshlnR .Machine t'nmpuiiv, a
71
17
Un
13 1
1!'-.
34'-
inn,, Hi(l-'s
us zv
At tho Kensington Nntional Bank A.
W I'rlce and lilwln D. Malone, who
iverd recently elected to the boat d to
nil Micanclcs. were elected for a full
teim. tilher directors were re-elected.
H'4
51'.
,l:i
33
ilr, itj . 1C'
Yob Troducts. . 77'i
Trnnsue Wllln.s 37'4
1'nlon I'.icltlc. 12'i
do pief , . . 73 i
I'nl Allot- htcel 3X
l'n Clu Stores, 118' .
Crltcd Druit. . I'.l
do lict pief. r4
Tutted rrult...1C4
Cnlt lly lnt est '."i
do lilef 17
1" S C I I' fc K 1 "
I' S Ind A!co...I(iJ
1G.
l'i
16
do 6liS
.South ltallnay 6s
Sinclair Oil Cs
Toud Hhlpbulldlnir 6s 103
82
S.'
10.'
4')
m
Hii'a
161
8S
Ki2i 1021;
r.i f.i
,'i2 63
S'l
so
108
S llentl
f H Itubber
S Steel
do pref
I 'lab Cornier
Va.Caici I 'hem.
do Mtf .1 13' j
Wabash '. . '
do nf A... 33
do liref II lit",
West Pan .. .
do pref . .
WestliiKhouse .
Wheel tc I, 1!.
Will) -.-Olid....
Wilson ri
M.
1!'T.
b0
12
S'.a
25
71'i
12'l
72-'
3S
114
13
.-. 1
1U2
!'
15 Lj
ll'
Ml
"11,
76'
!'0",
111'.
71',
51' j
113'j
8",
32 -.
10 7J
19 Ti
-to
2G'i
121
'J
4iu
32 "i
1SS
16',
76-
37'.
I.'i 72.
38
1141,
'i5
r.i
llll't
-I l'i
i
'j
-1-,
iUtund of per Cfnt on rommun. phablo
Jnnuarv I'M In T.!lu t llomlH, i 'Uer.Us
or rrnrtlnnv or ." wm n paid in rnnh
(hnrral Ocnr I'onuwr iiuanrrlv of St
u Hhnre m common, pajabl. r-.bnj.iry 1 tu
holrtr of rrconJ Junuary 14
l isnrr umiv .lrpornunn. quiri-Tly of lu
prr tens nn prrinrt-u, payar.ie jeuiuary
to stack ot rriii!. Jflnurin l'i
til ninr nuar uiiiin-iiy innniniy -m ldtnd 4it in-' - . ".... j..t
of 4 cnts u Htitr-, mmui trt a iiPP (frnt . eaured y tho r-signauon uunw me
lurmiT iiqut' i-irst uniilend under - of Touiff J. Ktli n '-oi iiueu. rc
llUClng tl.O UOarU a l incmwrin
64TH ANNUAL STATEMENT
of the
Saving Fund Society
Of Germantown and Its Vicinity
SCHOOL LANE AND GERMANTOWN AVENUE
ClIAKTKIUiU 1831
JANCAItY I, IU1U
' At the SIMli National Bank no chance i
,- as inade In tho board-. Th. viMW. ,
Interest Alloued nn llriiu.lls .".n.l7r I'r Annum
Aerounts May He Opened nml llii.lneii Trail-acted lly Mall
Woolworlh ...131U 13
71 U
31 U
7C,
HI
IK",
71 1 .
54 '.
US',
32 '4
1?'
1ST.
41 T.
oil" '
71'. .
131'! li;
until
new ratu pa a bin January 2u,
Stoker AUnufaUurinK and FZnjiino fom
puny, ciuirifrl of l pt cent on preferred,
paat-U hVLruD i tu atotfc of record Jan
uary 20,
Pair ban!, i I ompnn, nuarterl of 2 per
tent on first pref em ii. paMtbU iVUruhry I
lo rtaei of retord .Innuan -i.
IMttaburvh Ste-! i.'onipan. nunr-erlv of
SI. 7ft on prcf-rrrd im tb!o .March 1 to
HtorW of reiord I'ebraary 1ft
l'nlt-d Coal f'orporntion fuarterlv of :
per tent on preftird. payabl-j January L'5 to
to k of retard Jinuun Id
I'otindldatlon Coal Vitnpan. nuarlerlv of
$1.C0, paabl Januarj 31 to atocU of rtcoid
Jnuarv '..
lltal Iutdi Vetroleutn Companv, u niJ
dend of $.'.! l' on each Ainvrkan nnd
'.NVw york" Nhr
Atnerlran Huifar Hefli.lnc Cfi-nTijm nuw.
itro ji 1 1 vT v'-ii, ii ii luiiuiniii uiiu pri'iei
rf.ii pHjitin-" ii'j'i
MarcU J. An
i t-t . which wai
nlao te Mid on ronuiHin on April - to holJ
er or rtuoni .muhh i
Jerome 11. I-ouchhelm, prorldcnl ot tle
Municipal, Railroad
$12,5sa,uuu;
ASSETS
and other Bonds
(Par
Kevslono State cjonsiiucuun i umiiaiiy, iii0f0,.n1
and Kilmund Wllllarnii am new members Loans On COliaieiai
elected to the board of the Tradenmen's MnrtirazeS. 1st Lien Oil Real Estate ....',.
v-itionnl Bank. The dlrectoiate "H in- 1UU1 i,K"S-""f J-"'L - ....
.-reaseil from fourteen to ll.'lein mem- Real Estate Banking HOUSe
ber. there l.aMnB jecn one lacancy CRgh Qn Hancj Rnd Jn BanJg
Jacob Michel. Jr., miroerded the late
I lleuttj" " n duectoi" of the Mer
cbantH' Warihou'-e Company at Its an
nual meeting today.
LIABILITIES .
Individual Depositors S12,247,093.19
mber national banks leeieiiing all Interest added for 1918 426,328.99
l " ,,, iiT,V..,.I..f p"""; old 0'i.crrs nnd namlns no new ones I
rli Tlu'a.KfV'.tTfi'f were the lTanklln. Market Street, Third . SurolUS
clpit.irf-.l a enr neo. will and tho Uank of Commerce. owi-iiua
i Tninl Number of Denositors
(ernian Hank .'taleinent
llerlln. Mn I.miilon, Jan. 14
.$11,662,862.83
94,315.00
973,855.00
60,000.00
882,389.35
$13,673,422.18
$12,673,422.18
$1,000,000.00 f
31,368 I
We. tho Subscribers. Auditors, appointed by lh Satin? Kund Society of
- u
- i'j
NEW YORK COFrEE MARKET
, , ., .ni.. ,. .. . ..V. . --.-,- ...-. ,. ---,-,-,--. .-j ..... H..,,n . Ul,u aUUGl
x..... vnru. ,11111. i-i - iiiu inurKeL icir ...ni..t,,,ivLn mill lis leiniiv. nn nicitv r-priirc- mi u-a i,r.u u.nr..i.A.i .
-Tlm coffee futuieii opeiied steady, nnchansed, , bove statement, nnd the atsets therein named, and tlnd them correct.
n itment of the Impeilal Hank of tier- to an ndiance or i points, M It li a fair CUNVIlIlS 11IJTTO.V i
tlSCAlt W. WOOD I
. , January ii, mm. iii;t)iiui: .1. FI.AVKLL. Auditor
openliitf AllTIIiTIi ii mviM 1
14 r.. .,.....,
14.33
14 15
RAILROAD EARNINGS
OIIAND TRUNK RAILWAY
Ver Capita Wealth Increase-
Total money In circulation In the
United States on January 1 waB 15,351,.
368, ISC. against 5, 120.424,908 the nam
date the lear before. Per capita wealth I
on January 1 was '65.76, us compared
tc. an ndiance of 7 points, lth a fair
many Issued Ilccember 31 hIiowh the fol. , demand for the May and December posl-lnvi-Intr
ebnnces: Total coin nml lmllinu tlons.
decreased 76,n"0 marks; Bold decreased, I T"-
020,000 ; treasury notes Increased, 370, .'i0f?
128,000; notes of other banks Increased, 'M; JJ'";J
Bu.uuu; uiim UIW.UUIIU-U iiiureiiseu, ., uintember ...14,'Ji
'J58.0UII; Buvaneen uecreaseo il.27U.U00 ; I becembor ..
Investments decreased, Sto.Ono; other, ilia,
securities decreased, 222,864,000! fi
111 cllcuiation increasiu, i,uta,&UT,000 ; ,
deposits lncreaked, l.Tlili, 130,000; other1
liabilities jnrreaBeu, .lu.ijun.uuu : reserve
14.03
nivinF.xni
decreased. 172.00U; totul cold
2,262.003,000 marks.
holdings,
IIAR SILVER
Today T,
...,.. ....... ...... .... ". :.-i 1 Si S1A40 ll, .. - . I .. " -7.7.
101- Inc-raaae with 6.S3 on im-m"-- i, i.-, -nn N'. T'k ccu.i.io.w i"'-i
First week Janusry.. tl.vli-,CSl I2:,783 KJ.7C on January 1, 118. In 'on (Pie.) 48 f, 48A
;.t 1019
I uri,
lnp.
48r
llllh
lotil
4Uli-
Txiw
"'i
42S
OFFII'B l Till! UKAI, FSTATK TITUE
INHtKANrK AMI TKt'HT I'OIII'AM
Philadelphia. Jan. 13, 1010.
A quarterly dividend or 8J.K0 tier share
haa been ileflared by the Hoard of Ulrertora,
, payable -"ebruurr 1, 101, to stockholder!
of record thla date.
Checks will be matte".
!. DANIEL HOUSEMAN.
1 Treasurer.
OFFICERS
LIVINGSTON" K. JONF.S. President
LEWIS W, WISTKH. Vice 1'iesldent
H. T. MONTQOMKRY, Sec'y. . Tieas,
WM. N", l'UlCB. Asst. Sec''
MANAGERS
Lewis, W. WIsteT
Livingston U. Jones
Win. J. Montgomery
Louis C. Madeira
Francis B. Keeves, Jr.
1
'H-W!W
& Asst. Tres.0.
Francis II. neeves
John J. Henry
Horace) T. Fotts
Frederlo II. Strawbrldgs
Marriott C. Morris
llarrold C. Gltllngham
Joseph L. Woolston
Georgs V. Musey
Clarence M. Clark
William A. Law '
Mill
93
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hri
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m
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inwy , l t' J."-'!"!,'