nrrrrrr fSMnWi !7' 't' "' TiTT fTr 'vT( EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, JANUARY 15, 1919 ,1 JA 1 . .' ' I . V' m fir s- 'Ki a " il r- IL IL Sound Bonds ol Etstntlil Industries r. JKt Secure and Assure 6 to 7 Now and in the Future V A few yeaM rrom now a long term 1 bond. yielding 6'i7'"., will prove u most prized oci nlon nK. In nnr rplnlon, there fhoutd lie n Htcnillly Incrennlinr demnnil for iloincMI.' Issues which Mill InrrpriRfi Hilr lirlrn nnd correspondingly decrease tlio I vleld. i, II Secure CK-T now when prlccH ' are low ami lehls ate high, anil ' nature yourself a kooiI Incomo I In the future. Send for List Mi ' wmws. INCORPORATED Stock Exchange Hid:., IMiila. IloMon fiv York FINANCIAL NEWSN. Y. AND PHILADELPHIA STOCK PRICES SOME STOCKS SCORE BIG GAINS IN NEW YORK, WHILE OTHERS DROP I Largest Advances in Oils and Tobaccos. While Bethle hem Steel "B" Declines to Nev Low Record. Baldwin Bailies Easily v Philadelphia Stocks High Points in Today's Financial News Piice movements uaic unusually irregular on New Yoik Stock Kxehange, with oils and tobacco issues making widest aiHunccs. (Jen eral Asphalt common and preferred soared again in Philadelphia mar ket, llonds led Cuih trading. Corn improved slightly. Cotton vvn'i inclined downward. Koicign exchange continued dull, hut neutral ex change was highci. Bar silver was unchanged. Announcement was made that a large shipment of silver had been made to India from the Philadelphia Mint. Not Clnro .1 hue. 4 71! i -r i 404 ', sir. S3?i - ',, BC 2J4 88 tl -i-3 3. 36. t- li il '.i 27 Vii H I7', 17'. .. .-' .5 ',, i U 1 U I5'. 1- '4 33 lb -f ',3 THE OIL INDUSTRY on a Peace Basis Special letter on request F. S. SMITHERS & CO.. ilcmltra JVcic York Stocl: llxch. 19 Nassau St.. New York 70 7o BENNER & COMPANY, Inc. Widenei Building OFFEtl TUB Cumulative Participating Preferred Stock op Tun YORK STEEL CORPORATION Subsidiary of YORK CORRUGATING CO. , .'. Pi Particular! upon requstt New nrl, Jan. 15. ToiI.ij'm slock marUct trailliiR was of mixed movements, with Mime Htucks selling at new low iccordt, while othcis made Knlus ratiRliiR from 1 to C points. This confused tone was duo to various i capons. The speculative clement was active on the bull Hldo In man .stocks, heenm-c of a belief that the nrirkct had been heavily over sold, while pools were more confident of their position, bellevltiR that the excessive .supply of tnrtney must have an Influence sooner or later oil security values and that a show of stmiKth ut the prisent time would bo effective In tnnklui; Issues In which they are concerned prominent In the public mind and Induce bujIiiK If this conlldence extends to the out side public. Most Importance was attached lij conservative Interests to the action of llethlehcni Kteel 15," which sold down to .",, a new low record, but several other stocks also sold down to the lowest prices reached In a long period. Among them was Marine pi efei red, Vhlch was tiadeil In ex dividend of 3 per cent, and lellcri more than 2 points to 101 . U.ildwln Locomotive, was pressed on the maikel at times, but met Mippoit when low levels were l cached and showed a Rood rallying ten dency. The greatest gains were made In the oil and tobacco shares, Texas Company advancing more than G points to above 191 and American Su matra rose nearly 6 points to 116. United Cigar Stores was another strong feature, advancing 2i to 1 1 6 H . In the late trading rubber stocks reflected concentrated buying, with t'nited States ltubber moving up nearly 2 points to 78. Reactions occurred after the advances In the stocks which displayed strength, but only a small pirt of tbo gains was lost. t'nited States Steel common was firm all through the day, recording a fractional advance at the close. Creat Northern Ore was active, ad vancing nearly 2 points to 376m. The bond market was lnegular. I'ourth Liberty IUs were steady, lunging slightly above 'J5 Marine os sold down to 'JS'.i. . , . Hush Low , 1 Am lias.. IM 4 I'",' Hold Loc. 72 'i 721 7nK".m Iron " 40'i IOC llx Xal Vat Hk.343 345 ii l'.Irn MtnH r.9ft . - t is.o ' " A",m BG U ,sf" ;'o nrer. ss',; s; lOOt Nor o 36. 3U I insC.VA 271 j ajJ.ii,aui,ci7iS .- v I miv. !'. 7J i?ii:,hr1cll48,: l cum pf 331, n,i i , 'IX'Tun Mlli. ! 2 ;n Tract 3siJ .-iglj it Y7"""'?9 7D I A dividend. lUIMIs Jinoncitv 4s"""' X"K 1 9 . . 97 ;.; !H000 l.eb V Kll , . His ... S3 SS- "in l.en vni (. Cs reg..l02-'l 1H2, 102"t 'i ,;!!,ili) f.s..ln2''a ll2C 102, J- 14 UBOuMbHoiiiIs "000 do 4th -,. ',1', 55.01 55.0 -000 Phila i;i00 1st 5s , DC fill ?(! 1000 1n.,dn,r et 4s fSV . ST'. S7' S7' il1 u ' 27 Tn . . 80 - . -55 - ,'l 3SI .. 73 i -- 'i 187 3 i 1 34 j. at .' , 7'J U .Vet C'lo.c tame. !7 J 1 88 3, 2i GENERAL ASPHALT ISSUES SOAR ON THE PHILADELPHIA EXCHANGE Wide Advances Are Scored hy Common and Preferred Stock Other Home Issues Are Neglected and Most Changes Are Trifling There continued to be unusual demand for General Asphalt shares on the Philadelphia Stock Kxehange again today, and, although In the forenoon neither the price of the common nor tho preferred passed the highest levels .of yesterdaj's session, which were new top records, both classes soared fol- lowing midday, and during the last hour tho common sold up 3!i points to 1 564 and the preferred Jumped 3',i points to SSU. Activity In the common , was about as gieat as It has been, with few exceptions, for some days, but the preferred showed much more momentum. Naturally the wide advances caused further discussion in the Street and) caused oilier Issues to be neglected, but there was nothing new heard to , account for the spectacular performing of these shares. 1 The market became rather broad In the afternoon, but business was generally In small, odd lots, with price changes mixed and nearly all frac tional. Cramp certificates ex dividend advanced , and Cambria Iron, on n small sale, gained 1 point. Philadelphia Company cumulative preferred turned upward ',4 and Lehigh Valley Hallroad gained the tamo amount. Steel was quiet but higher. In the bond division Lehigh Valley general 4s were active, but declined 2Va ptr cent. Kourth Liberty Loan 4',4s showed more momentum than re- PC .01 ceiitly, but held fairly steady. 05.01 .02 ... Today was me last dai lor subscriptions to the $j,uuu,uuu new siock ouer Ing of the Philadelphia Klectrlc, under the terms of tho 20 per cent allotment to stockholders. No ofllcial announcement has been made so far" as to the extent to which stockholders have availed themselves of the offer. The first installment of Ho per cent ($12.50 per share) was payable today and the B balance March 1.". UNITED STATES GOVERNMENT LIBERTY LOAN BONDS Ml. Cll.bl.' Du. ,fjA"tr! VlAt. on CallabU Dt Murity 3J 1932 1947 3.50 3.50 4 1932 1947 4.75 4.45 4J4 1932 1947 4.62 .4.47 4 1927 1942 5.05 4.54 44 1927 1942 4.92 4.58 44 1933 1938 4.67 4.60 454 1928 4.75 , $50, $100, $500 AND $1000 DENOMINATIONS FULL INFORMATION REGARDING THE TAX FEATURES OF THE LIBERTY LOAN BOND ISSUES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. 1M SOUTH 4TH STREET PHILADELPHIA 14 WALL STREET NEW YORK GOVEUNStENT SECCCITIKS nErAJUMENT XELErilO.SXS, ULXL, I.OUDARU 4320; KEYSTONE, MAC MM A'etu York Bonds Hiaii rino Keystone Telephone Earnings Increase The combined Kevstono Telenhono earnings statement for December, ffi 11000 Maska riolil cv which nun. out ind.iv. showed nn Innrr.nsn In cross and net over November , a 2S3000 An'glo'-rr 5s' .' ! SI7-, 571! 07, nnd corresponding peilod of last year. Gross was 1149,109, against 1129,051 ' B noiixiiiAm Tor See Ba 9!- 9ii Mi , 111 November, and $143,027, while net for December was $68,742, compared g- Alio '" t'T't "s ni nsl'l o-v wlth "M3 tho previous month and with $67,943 In December, 1917. ' g l.VV'l IIO US I'll3 101'i 101 'I "(1(1(1 .1.. .... A ... ",' a-1 a.T limiiAni Wr V Is 90 ' no '" 90 Tl, Oovcrnment is ngaln redeeming tho one-year Treasury 3 per cent 500U Arm'r Co 42.s88'i 81 88 notes Issued to federal Iteserve Banks in connection with tho conversion by lnli'ii Uhn1" l" Is 8P 84' sp tho llcsl!rve nantts of United States Government 2s Into CO per cent United iiiinii ii & o KjSs.. sii'i 80 89 .htates as and bo per cent 3 per cent Tieasury notes as province; oy mo reu- to'iii d ev 4'js . 7',j8 78 "nriilTl.tl. Hi I c. nfi.. on,' uiv c.,v 40fni fiord emix Cs 100i 10014 KloC deemed $7,035,000 of the notes, leaving but $1,666,000 In the hands of the eral Iteserve act. In tho first eight dais of January the Government re- fa .'OOii Cent Leath nsUOLj 90 'j 200(1 Chile Cup 7H.108 1118 NEW YORK STOCK SALES ll'uh l.nv Adams i:Npres r,il I'l Ailv Hume y pf. &' C't AJl ltubber . . 73 t'.S'j Alisk.i Cold M . 4't 3T, .Mask i Juneau 2'i, 2 Allls-Cli.ilmers.. 3.1ai 33 do nref . 81 Hi JUL HAAS lately of itiv Income. Tax Department B Washington. V i- INCOME TAX CONSULTANTS Specialists in preparing and llling returns, and ting and closing books for cor porations, firms Individ uals estates, trusts, etc. Am Agr Cliem min loin lli; Am neet Hugar 7 us'-. i.:' Am Can .... t'J'i 48i3 Am Car & l-'dy. 92 SS-1, Am Cotton (ill ll'-j ll3 Vni Hide .V: Lea 1S ll-'i . il pref . 78 7 Ainer Ir.t (' rp. 5371 ."."i' m le Sn . . t-' 41'h do pref . . 551i 55 U Am Linsfeil . 5il 19:14 Am Lin. on otlvc OH ilil do nref ...100 100 Am M.ili . . 2'4 2' .''. Am Siii-lMiB . . 74 7iJH ili m Snult ir. i7 107 ln7 Mil Sum Toll inr.i, jihi ini N. t ldf , linK.' Huh 4'i 1 , Pond cr Coal ..I 59 'i I'resseil S C .. 114 s. 72 '-j -5 ' l(v Stel Spg .. 71 1 4- U I itay ( Coi. . . 211 2 .. I Heading 81 33 ''i It Iron & s . 72-)i 81 t Ito.val Dutch . 75 i.l UI .MOIUrS. " IS. a Air r.lim . s Id!, -r ' 1 do nref .... 17 Ji 2'j Slinttuek AH.. 13U ll'j - 'j loss-SS & Ir. 5n IIs1! -r Sliel.ilr till ... ?fi: 7S 2-', So lMrlfle. . ..101 553. ', Southern It I! 2,f, 41 ', - 'h do pref. . . . Ci 15'i, '-j Stand.uil Mill 125 4!l-'4 V8 Stinlebaker .. 52'4 ''' S'romli. rg p'ir 12 loo . . f!tlJU Moiom. , 51 Jh "Sup Sti el . . :: I 1 , 1- ' T. , im ,1. '... . ,-7 - ,. I " ias C. .1:,:, -i--''i ! do rets '7'. 1.1 74 20H SO", 74 1 1 ' ''i 8 17 131, ItlVj 3R lixii'O Ch a o ev i s 80 . 1li0 do 4'is 79'- 15000 do ev 5s. . . 87 " j Soon Chl a y 4s.. 00 (looiM'hi 11 ,i Q 4s. 951.. 5000 Chi Mil ti hi 1 dlv 4s 73 I 41000 do rfd 4iis. . 72'. I 5000 do ev 4VjS. . 80 " 2200 1 City of Paris fi.s 99 'a iiiii" i m" cor BS. 91 Suii'l II of Can 31s SIX'S. noon do 20s . . 97 looiio lCrlo v 4s S A 4 8' 2000 do S 11 . . 4 8'i 1000 il,, s,.n n r. 11. -,iZ ii 7i.50(r0 Kreneh It S P lntT, losa, 103'i S 1 limn HUH At .VI In 5s 17 17'? 17j 17 " 12000 lilt.rb M I'is 42 41 'i 41'. i;jin 11 t: ' 150011 Inter M M fis. 99, '.i'is, 99s, r,0 4. r.M I HiMii liner .vgr .'is . 78 78 78 9t','a I'odernl Hnservn ItnnKs. .vlilpb nrn used In secure, r.ll dilation. 108 Vrt ClOSO ( (IKI1 ' U '- I! 1 i Hi 74 20U .. 80?4 .. 72 V- -r . ' 4fi SO SO 791 j 79'- 8HH 80", 60 60 95'j 95'-. 73 71 71'.j 72 791.. 80 981, '.ISTs ill 91 97 H 97'' 97 97 48' 48'. 1ST, 48T 5ii.. r.iij HEAVY BREAK OCCURS GdOD NET GAINS MADE ON COTTON EXCHANGE IN THE CORN MARKET if Early Irregularity Is Followed Undertone Generally Firm. 1 by Active Selling Senti- Offerings Well Taken Ad- nicut Is Bearish vances INIadc in Oats Ianinhit 1 Tax 1-rotilt ni qui-st 1. r 1 1 In. ,mn B. ut i.n r- HAAS & CARR Public Accountants rrniiajitiinlit IIuIIUIde Snruco 1115 Af II. CAPVt form, rly Kevenu Agent, income Tax IP irtment liiiladelnhln Pa. m Ml l.liv.. M SI'- xi'2 'j Tuliacen Pmils 77', Am .s'agir . lll'-i IIJI4 11 ''"4 ' , Cnum Pacille. 129 tn T & T lot '4 I'll1 1'H'i '1 I do pref . . 7i. , Am T-li en. 2iri'. 2ii.1-. 2:i'j 1 "s fill Al ov 1 S7-'T ilo p'-r new 10L'' in'.- 1". 1 ' I 111 Cigar Sirs. 117' 35 V, loo ; ioii8 n 21 '4 281-4 1, 'l fis 125 125 o-l 49'i I9 2H 41 11", .4. 1.. 5(1 50 1, S4'i JIU lj fill', 31 'i , lS-i, 191 0 li.'i 17ai -r 701 77' a i !2sVa lSRs, 14 New York, Jan. 15 The cotton market Clilraitu, Jan 15 A belief that the 3 bad an Irregular opening. flrM prices ' price of hogs for February would be h 8914 I ranging from a decline of 20 points to maintained at the January level stlm-' j,., an advance of 9 iMilnts, tho latter In i ulatcd the demand for corn today, nnd OiiOO I.k S ill. 4s 'JS RH-i 8911 inii'i l.lg A: M Cs 93'. 93'. HUM! I.nrlll.ii-il r,. s.i i ''i?'1'!' S:!i" Si! ? ". 'r' "'" "C rCS'" 0I ''"""""'tlie undertone of the market on the 5'ini'O ,1.1 in 4s...9.70 9.' Do 92 70 ' . 8200(111 ,i 4i4n ,.,,(,( no 900(1 90(14 Cables were weak, cry goods reports fioono dr, 1K, i,u 90. .111 9010 90 10 were unfavorable, and n ports from the n.N-iuit no .'ii ii.s Carrying your Customers is strictly a Banking func tion, and you arc a Mer chant not a Banker. whole was firm. Tho start was stronger on liberal, eo. erings ny snorts ana nuying by 37'. Ill' Am Wool .. IS Hi 4'-' 2'.. j Cm Urug 1 pf rl 51 " do put . 95', 'i.'.'i 9 ."'' '. ! Cnlteil Fruit .107',. 165 Vni Writ P pr 2'ia. 29'-.. 29'. -I 'i C11I Itv Inv pf 1 , lt;u -:!' Vnai'oiid.i iiii' ii" Vs-.i nil .. 7J', 72 Vs 0 li'v i! Is 2l!', 21 V 1 C ,v. VV I. inltli 103 lii.l lla'dvvin l.oeo. 7J'- 71 'h 72 4- P..1II0 .V: olilo I9'j 19 19 Pitl.'P Co HI U3I. 113', . Illtopll.is Mill M, 112 l'j .. P.. Mi St.. I .. 57 , 57 57 '4 - .1.. II . . IS 5"i 57 d s p e pref 1011, lllj'i 103'.) " lllin Hap Trail SB'S. 25 25 Piotli Fish .. 20 19 20 -rl Hums Itro.s . 157 156 156 ' Untie ' & y. Co I!', 6i. lilj . . Hutte .V: Su C !.', IS'; IS?, ': il fz Ariam.i 58'- a5'2 5S'.i 1 i'.iI I'etlol . . 23 22H, 23 a- do pit f . os r.7'a 1.7 14 OOi; J- U I S (' I P fc F ll'j 14 72'. 14 ', s III, I Alclio.lll2'j in 3U I S K1.1 tv ... 24 24 I' S liiibber 77', 1K V H Mllllt it lief 13 I. 431. do ptef .. . 151, 45 '4 1" S Sl,... . .. 9ia, 911J l'tali Coppir. .. 72 7-' Wabash hi; s, do nref A. 3JV. 3i! . W.st I'll Te'. S9U (,si4 89',: vv.st .Vlr like 94 '- 91'- 94 V. 1 vv. stings .virg 4.' 11.I4 41. 7; 1; m) (! '. ,'riil. v llson Co . . 71 s, 703. 7 27'i .. '- 117H T-", 5.1 1; 167' 3'4 Pii- 1., 14 14 102 24 f2 77'i -4 ii, 43i.j .. 45 '4 l',i fil's ' 72' -r 'j tit u . I.f.12 IT, III! I.i 111 JVint 1 n.l p.it.'il I'diil nllfil l.nrlt f ,1... I ..... . " " I I820O1HI .1,, 4th 4',s 95 08 95 00 9V0I m.,n, for ,,, Ctrl I , ' ,Bsl . "OUSPS- ,,ul Bel"nB H fiiiiiii l.vmiM 0s., ..uioa, lein, lnnv, ,"' .",.,... ,. ,, leading elevator concern later forced s .710111.. V-,1 icts Cs 1021. insit 10214 I,r" ,,rn';" h,"'vll- "" frr "o the price b.lovv yesterday's closing I -iiinoMnrsellles 6s .liior., in,, 1 loo'; "Pining uniKr active i-dlng by the , , ' T10 ()rre,lncV were ..oil tVJn , I 2'ionMldv.il. 5s S8i. ssi-j SS'- South. New Orleans. Wall street and .,, emgs wire well taken. '2illiOMo Pan ci, Is 02 " 7.1 rl rA " old bulls k. lllmr to 11 net deellne of 30 "" ' K,l,t 'lU"tatlons showed good net I sain. '13 72 K IHCO11 Mont Povv-r 5s 93 1, 93 loooo x V cftll .11. s 72". ,2', 20011 doll. 9S-i, 'isr, 981, 211110 .V V Cy I'is'llO IK!-'1, 9GI4 96-', 2111111 .N'Yf 1'jSiF, 101U. lop, nii loon V Ity 5s .. 13'," 131.. 13'." imio V Y T gn I'f.s 89'j 89'J 89' lnoo.Xor P.ic Is... 85', R5', 1,51" toon do 3s 001- col. ran . looo in,. Sin I. 4s 87 " S7 " 87 ' 30(10 do (is ... .nil lot 101 1500H p.-,,. Tel 5s . . 95, 95 H 95-i, lono p.i K(.n ct 4'js. SIM, 88'; XS'i 11 Pielie 111! 2..JilllJ till 14 101 lj 20011 do 1921 . 93 93 n-i lliiKin ivr,- M.ini 4s. 72'4 72 72 kiimi licainng is.... K5, 85"i 85-i. ... &f ,,nlnfa The market was extremely weak and ...)a,a followed corn most of the time. mrcttled during the earlier trading. It ' '""'"g prices showed fair gains The leaked as though, remaining overlong , u'1,lme "f business was not large, lines were being liquidated while th.re Shorts covered, and there was scattered was aim a good deal of southern selling. The latter was ii.coinpinled by if ports that hedge weie In lug sold against cotton which had previously been cairiol without such protection, and It was thought probable that southern cot Ion would come on the rpot markets shou'd there be a further tharp break In prlci s. There was some trade bu Ing on a i. Oi'i'i' Sinilalr (ill 7s . 90', 90'w 9C scale down, however, and after selling '! -!!!'!! SP!l!','I'V.",'IJ H 52'- "-" r'-'J '' t -'' for Manb, the maiketl ins . 125 6', nujing by commission houses. .South western houses wue among the sellers. The Imiulry for the cash article was said to be good, but exporters remained out of the market. There were no indications of any In crease of offerings from the country, and receipts continued rather light. Lemllni; future ranged un fullona; Corn (new delherj) Test. Olrf-n Hlffh Low Clnso 1 I'm 1 en .... 1 an-? 1 a, 1 an 1 ;i."v. 1 '.0 g) iiiiunuiiu A Profit iia Your Financing 0iiiii"iiBDiiiiiiiiiiiniiiiniininM!im Carrying your customers' open Accounts, or Acceptances, deprives your business of that much money, upon which you should make another profit. Our plan provides for the continued financ ing of your customers' "Accounts FROM TIME OP SHIPMENT UNTIL PAID, whether the Accounts are closed into Ac ceptances or not. We are equipped to purchase your active open Accounts at time of shipment (without disturbing your customers) and give .you the cash while you are waiting for Ac ceptances, which in many cases you may not bo able to obtain. As Bunks are equipped to purchase Ac ceptances and we to purchase Accounts, why not sell us your Accounts and if you receive Acceptances closing same, you have the option to take up such Accounts with us and discount the Acceptances with your bank and thus reduce the cost; or we will automatically carry such Acceptances. Write or phone us. or our nearest repre sentative, for detailed plan and rate. Commercial Credit Company Cash Capital $2,230,000 Surplus $150,000 BALTIMORE Represented at PHILADELPHIA. 612 Stock Kxchamre BIdf. (Phone Locust D19) NCW YOItlC BOSTON CINCINNATI Afuilated with Commercial Acceptance Trust Cn-li Cnpltnl $1,000,000 208 S La Salle St. Chicago Woobvortli .. 128', 125 "lis tlii i-l.-n.I Cneriil Minors, 3 C, m-nl , U. S. LIBERTY BONDS $50, $100, $1000 BOl'GKT. Mlt.lt VMI It'll (IM:M) l I nit inv I ivu:m : New burger, Henderson & Loeli ' . IIIU f lllTMT OTKI.I.T Jl-mheri. .V V. A I'lnli. -in. I, I ,rli., nc. C, p.ukilig . 51 f.nVJ 51 'b '"'''" ,"' l's. Vlri;lnl...Ch,m 'l; It. pul.lle 'T. I!rV.",w .105': ,o5vi 105 " i ' .iU!'!!;';!?'".; -'ia ,.'?. ",t- Coin, de 1 aseo 33's .ISU S3ia 'j V,,,fn .'"i,,,!;r ,,.'.1'f- - l'hll.ollilila i'.i. 'haiidli-r Mtrs.105 105 105 .. t "'"I" H'e.l. !' ..Vinirkuii Li-.f. I', 1 111 JI .V. St P. 40', 40 111 ',1 - do pref . 73' j 72 ', 72 'i 4- '4 cm .v; Noithwt tic. 96 96 14 .mom:y-li:m)ing rates cm 11 1 & p.,.- i'o 0 ,,," bh" ioT loi' u,W -""ed 011 coverings, with prices show- .Muv . ..12s 13,,., i.m 1 ss' 1.7.. i.". do rfd Js.::'8n:K 's'l'" 'i'S ' l'- """" '' kiur in the morn- IV:'"- 1WS .,, (.01111 So ;v Is. . .. 67?S 67''. 1,71. ""- .Vliy.... U7Vj ds'a (17 U71. (17". ' 520011 do 5s 96 90 " mo " The receipts nt the ports for the day ril , 211011 Texas Co 6,. 102 KUTa Hi2 are .stlmated at .13,000 ba,H. against '!,"". ..'.;,', H'J 5 7.V.- HHI H'l "4 I 2(MiiiTli,d Ave 4s.. 52J, 52', 52'i 25,918 bales a we.k ago ; 18,055 bales a itll.s- ' ' '7 -' "T ' 1S000 c"s I'l'uVSi:: 87' soir ' i" ,K"- i,nd S0'91 ",c l i-.nv :. s.:? sijjs si.,.3 ha ?.?, ?.-. , BiDiniuwiiBiwitiimniiiiiniiiiiiioiiiiiaiiw 401111 do 7h ... llii! 5000 F S Stl s f 5s Kio 21100 Cnion p.,. h. 8'i aioii ,l (,a I03 99 Vi 22O00 F K Ii Ii A. 5 1-m tins lrmi. Mill' llllfl Mi....... n.. n..lt ...t , a......,,-. . " . .'J" ,"' '...'I ',,', '?,. "" j" eolI.ltir.ll, opeli.d t.,d.i.v at'4 p'er cent ,10000 ','",'s 1921 ' ' 98U - t- 1 m t --1 n - j ( - n inr imi 1 1 ti r- 1 nil i-iin.iu itn- 1 i, ,, 1 1 . 1 . . .. a . .. . .ii. nr.r . . ...u.. o.-.i. r.r.n 1. i .,".". T. ... ...v,".".'t:. '"'" '"""r- 'V1 ..0'.- i'i 1 " . ., , .... ,-- i- .--- ,7 ." .wii.ii.-i.ii me ,iieomK rate was l- n - ciulo Copper . 17-, 17, 17', U n..r i-i.iit .. unit, 1 , . . .1.1 , ..."rt m.i s '4 103 Kit ..ll ', H'4'i 10i; il.ir.h aih. lnrl ei Tod iCh 10-3H 11 30 1:30 2.30. In 11 t Ioh op-tl Hill 11 ni 11 in p 111 I.VIiiv ,...40oo 40: iniur ;"i I'd i'i ii .11 lie .1. -in ;;ii 1111 ii 11,1 'Hid. T.Vfktil. 1..I ,11 - I .,' - lla - . - , I.. 1 M ' 2.1 HO 23 S.V .... 45 50 145 2". 3'l.5D 40 30 t3U.47 1 15 21 Ml M r..i 2i .-.3 2.1 jn 100.V 1 00,', '"!. .. 2Jtls 2J sil J'J llj " 711 -j-j 70 "j.7,11 100 100 l,.H'l"r. .o.li'i e s.i .-us., ll.s.i Jil.s., 20. 2U NEW YORK BUTTER AND EGGS 1 Va Car Cm i.s. iij 98 9S'i linn, liioi, 102 102 NEW YORK COFFEE MARKET Sen York, Jan 15 The market fol erenmery, lsW40c. Nen ork, Jan 1.1. Ilt'TTKIt Itri-el,il. ll.s.'o lulu. !llfrhr srorliiK. c.oUj at 1170. 1 exlrn. (!4e Innlile. tlrsla, IDS KGe; x.-iol. Is. 1 ildfi o.ln. .spilt, dairy. H.'iCf ilu'c; Imitation I IKKIS Rfs-eip's. 11 040 cni-eB. Ji.tran. TIN VNI I W. tiiiii il Mm tti ii .. teintl, Iniian, Si,:: lo n ,, kh.'ld'f; i'ub.1 1 Sug. . . 26 20 2.,', . '. S-t r.j pel ..nt foi 11 mm loans an ''"V,"Vm",'ii",1.ni,,"TJ".h" 7 ilOWl- "" Vfteid, , Toaav's " ." ..'i;".' ., ?.'"', nl'l'"'ut!!:;'r" I vxxkt "--"".js.Wpr.-a- w ti' ':i;,vi,r' BMl,,OM,M . . .-. -. Vvk r:iW. -forBe JVep.1 Va.nm 11. i.nwr HelA: Hud.. .1(14 103 loii I Prime lnereaiji lie paper is In b.-tier de- ',i',, ri I ' iw.'. 1 !, .l..av" i,Qen s pienil-r 14011 . 3 K- S"; .under uraUe. 43ff4Sc. pulltt vMiltei. 51 ".i";1 Vin,urrl"un "-"'",, "'inmuns Hen M It J pf. ', 6', CT, . mand bim supply i,t 5 ' 51- percent t.'i'S n?V.'l') .,5 ,'''', r m m11' n,l.loum' l-'enil.r 1:11,9 l 72 w5-c- la.vl I.. llu iHiiiu,l I Worrlner lK.1110 Mines . . 121. 11', 12 -"i Haul: ii.'.-enianees nre iiul.'t .i,,,i ,',n S219.019 was a part of Mr. Moigan'sown Uil - - iS"dd'" w&m 'ue.rr: i k - i r- I : crrz. J .. --r ! .-l lurre s iluPnnt j Kru . t ...k. . ( im AH nma 2ftB- L'fli "!il ...in i n. .-nt.in. ,-u .it r.i. n.. . """J Vi ,,IB " iu uic enu or "." "-wao ,rw Viirk. Jan. 1Q. iceiinpfl HUirars Aa H. Wine Hfiirv il Itr. nui. f !wn ATitn-i rtna 1 &.. 1 3.. 1 t .itlnuelM VjueUIn H l'i-nH-rt..n Ilui.hiii.on 'leu Cigar Co.. Rl, r.2'j 52', - 1 ', il . U..b-rry lhirv... .Jt-n Motois .. 120 IV 5 125 !, SV'j 61'. .At h li.eetlno: hi th tiir.'it.i-M h.a.i n... -a,. ..ur S?..;,Vr., ,,'..;, U" """ nnlmuu.lj Hootlrleh 11 1' " F ---- - ..., nuitAi i; ronTKS.'i k .iranbv .Mining. 79 i - -- ' "-"It. Ut Nor ii HUlnt. 37'j Urn ne-Can c . 441, lulf States Ktl. 59 n 1 1,. ii;i.cii i.v .'u'l. 0 p. r e.rit. time, 5, itti p.r .vnt Ciiinim rclal pa per, three 10 six mouths, 5&6 per cent: nri.i il vletiriKH ;j-y nih -n.vii in vi, s(( iti,v .NK niiimu Central. 98'. 9S ' ,,, , ' ' II.VIM.I.I'III V lin'iuiailoii Cop 44 IV',, ...i..u .miuHo i. inn , At the ainiu.,1 in. -lllis ut the kii.c kliel.lfr. Iield on lllh 1111 . lli. fn!J,iwn,x nil. in- i"i , were ele. tel dlntlur, 10 er the , n.uiiu VVIIliain II Horn. I 11 Jjrl,lT)I .(leorrfe Ke.kl.r, 'li.rl.. K S.-'hmitl' ,!eork-e II VIP-1. I r .1 J r.iil.-,,Jr .Frank fehohie. It ui...i VVindl.h, Waller T liru'la. 1" William HoerV. J l.'livin Itech .At a nieeiliiu of ih. ttirctars. h Id -hi. flay, tile folluuniB Lrflrera u.rt ununiini.uiU re-ele.tfO ., J. lluri'T iirlpn. PreKi,lni Ueorse Kedli r. Vl, r I'ren(,eiit .Genme llvlnnltai uhm appoint'.,) a ,i4nt C.lhler and Vrthur 1: Well. Soil, ll, r l VV. II .VI.K1JK. 1'ai.hipr. S2' 82'. 61 I, 01 ' . 113 79 . 79. I'i ill! 37 1, l-'i ' I.O.NIKIN Money is minted at .) pet 44', 4m I- "i Uent l-is.-ount lales, short and tine, !i3', usv, 4', uioiiiii unis, j ii-j p.r rent. 98 1; I '. I "v : ' roiti:i;. exchange ii". II R .SUA Elf V ' 1 11 1 ll 01' V VV. .1 I lll 1 III'. Is,. I linn 11 k-ii 1.1 1 111 , s-. VV iisliliiztoti Jan. 15 Another irnin of $10,1100.000 has ,oii est.-ibllhed by the Treasur in favor of the Czecho- lovai.s. oringing mo mini creiiits e nre unchanged nt 9c. less 2 ner cent for cash The market continues nioderalelv active, the National Company is inking a limited amount of business, while the tended to foi. Ign nations since the en- Warner Compan Is accepting business u.v ". me . "ti,i, nuiiri .mo ine war1 i"i Hiiipnieiu in turn. Jtaws aie un to Js,u98,7i3 702 j changed at 0.055c. Interb-Con '.. 5'j Bs, in,.1 ;',;.:,; ' iJi J ,li' - ,J A' 'K -Ian I.V-Nvv Vorl. Im VI Vlii "5 "4a. "is: .- 1 , 1 c'iange lookers again attributed th. do pref !' ' : 1 -J lo ' 10ia- Tj'tlulm. of ,l,e for. Ign ..vehange ,.- Inter Paper . . 31 , 30j 3l 1-1 '3 i !V f ' .'.'.T.i "'ll'1" '" t"'l'un' eteaii,- Inter Nlikel . .9 "8 "s ii: 'Mljw With an adequate moveineiit of Int II T pref. 71 'j 7H, Tl . ' '''"''"PKv '' 'Seelared, there would t"- Jewell Tea .. .Ill 3 30 . . , m1"' ''J1'1 "a ln" malket. do pref .. V8e, S8'i si,', si ' "", feature 11 the early dealings to- Kellv Spring... 72, 71'. 72?. -I. ' ,Uy, "ns ", ' Blur range of the neutral Kenneeott ('op. 32'. J2'4 52'4 14 eM'hang.s lid by hvvlss. 'I he last ineii- IC Wheel Co pr im S9 lift 1, I ,lono,' ",re, lU"t'' t 4., 9 for cabl.s l.ifk s-'ecl.. . 64T, 64 ill ,. and 1.82 'j for .hecks, a gain of 2 to 4 i'.M 'Pnl, I- nr tnSl. l.lSl. lilSl ." I QllOllltiolU Here I..W Iliseuit Co 44", 13'". IS'1 11 . .1!CI',!"J . "terllllB centimes Financial Briefs 4 7-.S. ..l.i, J . . -..:... .. ---- . . ,. Vllt.i.a U-illlurd P. ..168 108 108 .-1 1 1'iL ," .".,. "i .' ,""11 v. , , '", 'r--. .n"",,,i,I1 do mef ion 109 109 ,' ''".' '.''".'' '"'" s- "-j- Ma. kuv Co pf 04 04 01 Tlie National Hiseult Company re j,u, .a ,u, ,,iv . e.u ,'n,i-.u ..e.eililjer 3 Max Motor .. 28". 28 28 Mav 1 1 Stores. 6.1 til "4 65 Mex Petrol ...1854 182 15 IT, Miami c Cop.. 24 , 2H. 241.4 .viiiiviue Hteei. is', il-. 134 rj - 3 , ."-1. 1918. net earnings of 5.135,839. against ,."J. x J'i.', i H Hi s 11,622.318 the pi. ..sling jar 'e',ln,l ," Sl ' lJ i Mo iv lex. . . 5 & 0 The New x0.k Subtreasuiv gained ' LT. ' ..'e1' ' -0 ' 30.000 from the banks .vester,tayBmak! " V me ii 3 "f. '"8l' ,lel al" 8l,lf'u PrWJJ of Nat con 'v.-caii 15". 15 J1..4J.00O. S'iii cik&s pr.liWT. toa 2'i Ji - t, The Textile National Hank nock Nat Ihmni c " 49", no prei . . ns il 5', IB". T. 103 T. .. 48'. 49'. - I' pa ..a -1, m holders liavo approvu the proposition Smun al l.wu'l ! 1,7 U i.i4 0 Increase 1 hu capital stock from v oi , i-om i.it. ica. it! pooou to 100.000. I. r,. Aekerman, ,"","& M . 33 SOT, 33 ew York, was added to the board x V Air llrake Inn, 10i. nip, Jlrtctors. 13. I). Uregory was elected s; Y Central... 74 74 7 assistant cashier. V Y Hock. N'orf South . . 10 Nearly 90 per cent of th. ' 'oiisohdated So't & West. .106 Caa Company of Pittsburgh flist inoit- .. da "." .: ,.T viica. R tr rent IiooiIm li.iiim. l,e. ., .I... NOVH SCO Steel 5., posited with the coinmlttee. tho plan 10 nk''1 J i'ft- 9 exchange them on the basis of eighteen ()n' !",!: vi-i 4id one-half shares of Philadelphia "'"alio Sliver 5'. . . - - . - . ., ... .. I kn nliu ICrr Jli 1 . Cqmp-vny'ii 6 per cent cumulative pie- l'W0"M l',ot , ' a . . 1. in -. .a. . II In Nn Alflll ferred ftock will shortlj bo decland '"'"? 1'"! oiveratlve. The time limit for withdraw. ! '"i-Aiii let Ljilfi by holders who did not wish to as- ,'." ", ' ' i" . fJU ?llt to the plan exp'red today and there .L?c MnrVi in- wer very few- withdrawals. The de- .f,', &uLV V noaila nrla-inallv iininiint,,! I,, l ' ".'"". V '"' .'Ti.B00.000 outof a total Issuo of J5.000, Pierce, rriiw m,u--. . ... ,, , u.iiiiiu im .-nan i' ere' il committee. ' i;im cii 20'; 20 1. 20 1, 1. IT 17 106 106 7. T. 55 55 9 I "T, 491. 36 70'. 14'. 47'j 45 37 801. 9 j 36 71. 15 ', 7'j 13'. 80 41' 18 17'. T. .. 13 la .. ST. - 49I4 36 71 1 15 47'. 42 37 Sic 39 17'. Praia' cabl.s 5.45, cheeks 5 45',. l.lre 1 allies 0 55. die. ks 6.37. Oullder cables IJ5,, .hecks 42-, Pesetas eables 20 20, .lucks 20 12. Stoi kll'llln tables 291.. eheelfs "ST., Chrlsllanla 1 allies 28 1,. thicks 27'. Cupililiageii cables 26',, cheeks 2dr, P.Uble illirenev Is dud nt 13.505) 13 7n II NK (.I.EARINGS ll.nU le.ilins" tiiil.n 1 nini,irej nnii ,, r'apondtui; d.i-. I.,m two e,ir.. I'.MIi Kils 191; 11.1.. . Jt.li.o7li 177 J71 H.1.I.7S.I St. I 5V7 V7u llomou. 5s. mil 191 .-.v.li.s.sl:; 411 lei.'i sn V Yu' Ui2.li7.i.0J S71I.I79 Ills 0il.7:i'.t.7li- I.OCAL MEVT MVRKET lite fullnu'llii; r-p. 1 1 oil IS fr. li ill ,t Ii 4.I., in I'hllaiO It hi t 1, fin !iUh'"l , th lorol n.estitt k tiiid 111e.1i .ittl. , of tht, Iltireuii of .MarketH, llinied stale. Ilcpartinent of , Aarlo'ilniri ' I'FtllHIl HIlljl'-li'iMpta In. renlr,B: mar 1 Icrt sloiv. iiieillum lf t,1K d.ni.nd onl .STIll.lts Itfielnt- falrlv lll.enl mart , (Inv al I'ju to l.io tleman.l Jum fair COWH Ueeelitu inwleratp. market .low 1 Jt ntfady prke. t lis to J3; demund onli. ' VilAI. rtetelpl. iUht frozen mock of I nil. market -Ir.l'b ill I'.'O to JS t,n rho!r tulp "itl. hv e.ii.fs vu iu vv frti.in rountl IS, tleiuiintl fair I'lllCIv Heeeipt. f rly hl tn.,rllft l lin.er at $2tl lu J.IJ demand ,ln I.A1I1I iteeelpts nt rea,lnv lnnrkt ei rally SI lower i I-J.-i 0, .1J jl-, 1, .lndt lamb, vtend .1, run ml .it,'. il L'TTON - lleeelr t4 moj. ,-,, l mar... , tleady to l)im at 118 lo JI J mand good. NaiionalBankof Commerce inNewltbrk Organized 1839 STATEMENT OF CONDITION DECEMBER 31, 1918 ltoHourcrn I oaiisaml UiMouiits $231,917,400,09 I .s. Liberty llonds, I .s. (. ti. of Indebtedness. ,im Luuis secured lv I s.l iltj lionds 142,254,827.8" Other Uomi-, Suttiiiits, etc. 8,980,113.30 I . S and Other llonds Hor- rowed 23,798,375.00 Siu.kofletler.il KcstrvelSjnk 1.200,000.00 15 mkiii,' House 2,000,000.00 Due from Ranks ami lidiikeis 3,184,655.58 ( .I'll, Kxch.inp.es and due froiuFcder.il Re-cm-B.iul. 117,606,925.54 I iibtoiners' li.ibilit) under I etters of Credit and Ac- ceptaiitcs 38,430,535.86 1 merest Accrued 1,586,840.75 $570,959,673.99 I.ittbilitien Capital, Surplus and Undi- v ided Profits $49,607,785.92 Deposits 416,028,046.05 U.S. ami uthcr lioiuls bor rowed Letters of Credit and Accept ances Hills Payable with Federal Reserve Han!, Reserved for Tu.xes, etc Dividend Payable Jan. 2, 1919 I'ncarned Discount. .1 Time Drafts of this Rank Outstanding-. 23,798,375.00 41,082,341.96 33,000,000.00 3,102,476.83 625,000.00 1,407,033.59 Other Liabilities 1,383,750.00 924,864.64 $570,959,673.99 PHCSIDCNT JAMES S. ALEXANDER Vfce.pffesiocvrs J. HOWARD ARDREV LOUIS A. KEIDEL GUY EMERSON JOHN E. ROVENSKY HERBERT P. HOWELL FARIS Rj RUSSELL R. a. HUTCHINS, Jr. STEVENSON E. WARD CASHIER RICHARD W. SAUNDERS JAMES S. ALEXANDER WILLIAM A. DAY HENRY W. di FOREST FORREST F. DRYDEN o im ear or a CHARLES E. DUNLAP HERBERT P. HOWELL R. C. HUTCHINS, Jr. A. W. MELLON CHARLES H. RUSSELL VALENTINE P. SNYDER H. B. THAYER THOS. WILLIAMS VliAiwmnrirr'rsTOn oiLfi!NOye-ar Six Opportunities In Peace Investments We offer and recommend 'the following long term bonds as permanent peace investments: NAME OF 15SUC Cleveland Electric Illuminating First 5s of W39 New Orleans and Northeastern R. R. Ref. 4i8s of 1952 Republic of Cuba External 4y2s of 1949 Pacific Gas & Electric Ref. 5s of 1942. . . Chicago, Rock Island & Pacific Ref. 4s of 1934 Approximate Yield 5.45 5.50 5.75 6.00 6.50 Public Utilities Co. (Evan.ville. Ind. , P.f 6s of 1929 g gg Circulars dticribing any of thtit itsuit will bt furnijhed upon rtqutit All offerings ubject to prior i-lc and chinje in price. The National City Company Ccrrtstonienl Oficts m 33 Cults Philadelphia 1421 Chestnut Street Telephone $55 Locust (Bonds Short 'Germ SVpfo Jlcceplancts gilllllliiiiiiiiiiillllll Illllllll mi) mi iliiiiiiiiiilllllllllllll lilt: Salaries and Investments Your salary may never make you ilcii. I3ut if you slstcntly save and invest your tavint-s in sound see,,,.!. consistently save anil Invest yc ties, you aio on the road to wealth. ngs in sound securi- A good bond is one of tho best investments you can make. If bought by our special plan, your interest will fall due every month, thus adding mateiially to your monthly income. Sound securities, good interest con. venicnt payments. Write us about it now. ' West & Co. BANKERS 1417 CHESTNUT STREET M.mber. J York Slock li.rlianf, 1 PlUUdelphl. btotk Kid,;;,. I B U s i 16'. 1615 ".7. 3IIIIIIIIU"' '"'"'"'JJiJLUimimm w jrigf., taBEB.w.-....M.. Mj&
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