pTOyiTTr
,i P-V.'V
A" . "''
w,
m
Jt
U
IV
1G
EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY, JANUARY 16, 1919
The Future for
American Industry
Even a pessimist will
admit that America is in
the most fortunate posi
tion of any country to
re-establish industrial pro
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.
Sonic particularly desir
able examples are ex
plained in our Investors'
Letter No. D-17, sent on
request.
GHANDLErU Company
Franklin Bank Buildinj
Philadelphia
Kaw Torlc Bsatoa
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
SUPPLY OF STOCKS CONTINUES
SCANT ON NEW YORK EXCHANGE
Outside Demand Lacking, However, and Losses Occur
for Issues Showing Good Strength Early Oils
and Tobaccos Gain Most
New York Stocks
33
84
High Points in Today's F'nancial News
Stock advanced early on New York exchange, duo to scant supply,
but outside interest was lacking and declines came before the close for
some issues that had made good gains. There was active trading on
the Curb. Corn dropped when liquidation wus resumed. Cotton showed
stivngth. Korcign exchange was dull. Bar silver remained unchanged.
Geneial Asphalt common closed much lower on the local exchange
after 1 caching new high record.
7
IO
BENNER & COMPANY, Inc.
Widenei Building
OFTER TH
Cumulative
Participating
Preferred Stock
OF Tins
YORK STEEL
CORPORATION
Subsidiary of
YORK CORRUGATING CO.
York. Pa.
Particular upon request
New YorKi Jan. lfl.-Toilaj's stock market was Rovemed to a Rront
extent 1 the continued hcaivit of supple, Kinking the market In inunj
.ssucm muIcK t" respond to content rated liujlnir for pool uccount and tu
upeiatlnns lij professional loom tmtleri. Tlicro was little outside In
terest, liovvover, except tli.it vvlileli huh Indkated by continued absorption
for nujcri who are able to )u lor stocks in vaih und tuKe their securl
ties out of the Street.
Pool manipulations weie naturally most pronounced In closelj held
stocks arid seeral of those Issues moved up to new high lecords for this
movement, but whin lealblng was attempted It was demonstrated that
outside of the ilniiuiid lrom pools .md room traders thero was little buy
ing powei In the mailect. and sevcial of the stocks which had made sub-t-tantl.il
sains In the tlrst half of tin- tl.15 sliowid losses at the close.
The nil and tobacco stoiks were among the strongest feature", as
they had hem Mnce the beginning of the week, but tho strength In these
isues was oflirt lv 11 elling movement In the railroad stocks. Southern
I'.Hiflr. ooli after mldil.ie . had a quick drop of more than 1 point to 09'J
beidip-e ot icpoils that the suit Involving title to oil lands would bo ele
lided against tho company, but It was not long beforo this loss was re
ndered and the stock again ranged above par,
Southern Hallway was directly influenced by knowledge of coming
new financing. Other lallroad stocks were heavy, with a moderate amount
of selling Induced by uncertainty caused by tho proposed creation of a
$'0,000,000 credit.
Thero was a strong tone to American Hide and Leather issues, part
lv based on tho understanding that the full dividend would soon be de
narcd und the reorganization plan announced.
Marine pteferred was ecoptioitall strong, arid, after ,1 reaction to
1 0J'. advanced to above 104
The bond market was without special feature Lllvity fourth 4'i
iunt nueil to lango "llght'v above 9.", with a good demand la evidence.
Uaihoad bonds wur without important changes
,. , Ulali low
Adv-numelcy . 21 'i 234
do pref . ... 58 it 58
Ala Rubber 75 73 i
Alasleu Old M. 4 4
Alaska Juneau. 21
Allls-rhlmers O 33.
do nref .... at
Am Aur Client. loll 101'
uo uici .... ajij as i,
Am Iteet Sueur 70' od's
Am Cat, 49 18'.
00 prcr in 1
Am Car I l'i 91
. do nrer mi, m
Am fJottoh (ill 44' 43 ,
m 11 L,mr, 15
(.0 pref ... 81.
Am Int Corp 55,
Am lee Sec. .. 42
Am Unseed .. 49
do pref . 89
Am I.oco ... 60 ii
Am Malt .... j
Am Smelting. 74 s
Am Smlt pref. 107
Atn Pnuff pref. 99
Am Sum Tob..l0S'i 104
Am steel Pdrs 84 '3 83,
m .sugar 115 11
Close
23
r.8
73i
4
33
84
101".
98'j
(.94
48
KiD's 101
.111' J Un
114'il
4Jf
1514
SIHi
35
4J
49 i
89 a
b0'4
Net
chec.
?4
1
1.
New York Bonds
1S4
79
So
4J
49U
89t
60
13
U4.
107
91
I'd
73 U
;o7
ID
104'
84'5
lib
1 -
Is I,
J"
'-'
Am Tel & Tcl.101'. lnlV, liU's
Am Tobacco
Am Wool
Am Wr Pa pf
Am V. &. L, pr.
Anaconda
AshoclatetT Oil
Atchlfon .,
At! Coast T. .,
Acso Dry Ci , . .
do 2d. pr. ,
At! G & XV I
Bald Loco Co.
Hank of Com
Baltimore & O.
do pref ... .
Barrett Co . .
Bntopllas JI
Beth .SUel
Beth Steel II .
do 8 pc pf . .
Bkl It Tr.ui .
Booth Fish Co
Butte C & '. Co
B & Sup Cop .
Cal Petrol ....
Cat Pack Co
1'..
- 'j
82
till
i.
203 Va 203' j 203'.
4b"t 14 1U
301. :..,7, 30' -t
42-J 42', 42 1 -
00S, (,11 1,0 rs 1,
73 73 . 73", -I 1,
.93', 9.", 93', 6,
104'j 104' 104?j eu
25 '3 23 23 2.
58 58 G8S4 1 I
104 1 IOJR4 103W -r '!; ,
73ii 72 72i l'j I
215
49',
55'.
113
1,
08'
103'. lu.l'o 103-
213
48'.
55 'j
113
.1
57-B
58'
15 i
48 j
55's
113 - .
5S'. -1 1,
"'" -- "
20
6 'A
183,
24 ,
iJ
OILS
AND
PEACE
A COnClS( nnnr7nnf nn .Vin
future of Oil Stocks and the
commp OIL ERA. Send for 1
your copy.
Vf'c Specialise ( nth
PUNHAMsR
P imcstmcnt Securities w
43 Exchange Place, New York I
Can Paclflo 159 '
central ueatu. u9
do pref . ...1053
Cerro de Pasco 33 'i
Chesi & Ohio. GB
Chi lit West... 8
do pref ... 25
Chi 31 . Si I. 40
do pref .... 73
Chi .Vorthw 90 ',
C, It I & p t l 25 ',
do C p c prof ti6'
A I' c . M bpr t7
U'lille Copper . . 17',
1CI1I110 Con Cop. 3334
Cluett 1'eabody 65
.. np. in,
it'Ol Full & I . 3b,
I Col lias . nicu 4 2'i
It".
0',
IS'.
22 '
51
157
58'
105 s
33
55",
l'i'. - '.
- '
18 H
23 1 3 -1. 'i
C3 2
i574 n;
58v 'i
105'j ..
JC00O Adams Hxp 4s 65
2000 Am Agrl ,Cs. 97U
lUOOOAnelo-Fr Cs 97H
1000 Am For Sec Es 99H
3000 Am Smelt Bs. 92
3000 Am T & T Cs 04
7000 do Gs
2000 Armour 4 lis
2000 Atchlron 4s
tOOO Bait & O Gs.
1000U do 4s
3000 do cv 4..s
10000 Bkn nap Tr 4a G.'Vi
6000 do 7s 82 ,
12O00 Cent'l Uhr Bb 96Vj
3000 Chile ts .... 3i
lOOOChlln Cop 7s. .108
IGOOOChes S. Ohio 5s 99W
1000 do 1'jR .... 79'
I8O11O do lv 5s. ... S6
8000 C Ot West 4s. l.2j
18000 CM II & Q Is 95 6,
1000 C M .t St V 4s
192,'. . . . . S3' j
1000 do rid 4'2s 71',
1000 do i-v 4',is SO
lOOl'Chine-e Clov It
It 5s 71
lnOO Col i. Suu 4s.. 891t
4000 do I'js 79
2200uCy of J'arls bs. 98',
5000 Dom Can '26. 97
3000 Ilrio cv 4s Ser
1) G2
2330UO Fch Rep G4S.104
1000 Hud A. JI in Gs 174
5000 II Htl 4'js. . 84
8000 Int Met 4'-aS . 41''.
100O Int Agrl 5s 78 "
1000 Kan c -o 5s 8 4',
5000 I.k S deb 4h '31 88'-
10OO I. s, M T 5s 931.
7000 1, & V 4s S0,
22(1000 Lib Bond 3j',9 20
140000 do ov 4s 94.10
31000 do 1st 4s 94 10
948000 do t'ts 9ij.08
6000 do 1st 4ts. 96.20
620000 do 2d 4's 95 OS
1840000 do 4tll 4's 95.10
lttuuu 1
a. so
p in
6G
97 U
97 M.
94
...lOPi lOUi lOl'l
87 '4
IrtW
6B
97 U
97ft
99
9
94
87Ti
85
82
80
7.7 h
G33
88
96 Vi
3W
108
99U
79W
86,
61i
95'j
S3'a
71 ,
80
Philadelphia Stocks
Net
chgo.
82
SO
77
52'i
82i
96 Vj
83
108
99W
79',,
86 H
61 V4
95C,
83g
71 ,
80
71 71
89 U 89 H
79 79
98 i 98.
97 97
52 G2
103t; 104
ni, 17-V
84 84
41'a 41j
78 78
84', 84',
88', 86'?
DHj 93sl
86', 86
99 12 99.21
93.80 93 80
94.00 94.02
95 96 96.00
96.10 96 20
95 00 95 00
95 00 95.08
.. . lllBh Low Clo,e
30 Am It pf 06 4 lili
200 Am Wool 464 46-
60i:rle .... 17 16,
3G94Gen Asph G7'i G3
1947 do pref. 90 88
62 InsC.S'A 2G, 2B,
1G Leh Xav. 72 j 72 j
G15 Irf.h Vnl,, B5"i 55
lOAIlnehlll.. 50's 50'j
i.N'orth C 7t'j 74'j
132 Penna lilt JS'i I4.
G32Phlla i:ico 25 25' 25'4
i"io 1'ltTlr 27'j 27 2. '
32 Ph Tract 70 7n 7u I
282 Heading.. 80', 79-i( 79 1
:i02So llwy.. 28 :74 271, si
1100 Ton Bel.. 2i 2t 24 H
107 tin Tract 38ij 38'a 38'. ..
135 U O I... 71 7T, 74
lOUnx j.ijio 188 188
GOB LT K Steel 92?, 92 9.
I.R 4-1
46H H
16V, ,H
88 i
25, f 't
72 '.a 4- J.
55 it
I0'j i
74 u li.
44'j - ;
IIONDS
High Low
'i
-t 1
-t- '4
Net
chge.
J4', 21 T, - b,
J9"-4 39' '
711.. 71 1 1,
9b 96
-'4', 24 '4 s,
b.is Zrcz 1
87 4
61'3
98
98,
85 lj
97
101
87"i
61 'i
98
98-,
85 '..
97
101
OUTLOOK BRIGHTENS I CURB MARKET ACTIVE
ON COTTON EXCHANGE! ALL THROUGH SESSION
Belter Demand at Home and Most Intercut Attaches to Gen
for Foreign Account Scuti- eral Asphalt. Which Sets
incut Appears Reactionary
95
49',
59
92
2l7,
12,
CV IlIKll
1
'tWjW
r-
N
5100-S500-S1000
Exceptional Security
WE OWN AND OFFER SEVtrtAi.
SECURITIES OF THE HIGHEST
QUALITY IN DENOMINATIONS OF
tlOO, $500, $1000. THE YIELD IS GOOD,
6ECURITY UNQUESTIONED. INFOR.
MATION DY MAIL OR OUR REPHC.
6ENTATIVE WILL CALL.
BAKER. AYLING & YOUNG
"v nun titi r Bllll niHn
BOSTON PHILADELPHIA Chicago
FINNCII.
y
Annujl teetliic
ffSS'lllli MNTI1 NVrill.MI,
k Phllarlclphiu lin
UV.NK
ir, 111m
At th(- annual meeting h( 1 1 ih' nth irt .
tho follnwlriK itO(.khol iers Mir" - 'J ill-
rrctnra for Ih't vt 8Uins war
James K Mitth-11, A k
ThomfiM La Ira U' Itanio.
.loll 11 (1 t arruth. 'JhrmaII Hurl!on
Robert Pllllnc Mb-rt rvupr
JoRtph T J'-rson, VVm H JlarKenson
UeorEff A Reirh Itarrvt' Aberl?.
j At th me, tint: ff dlrertrtrs held this day.
the followlnc orfli.pri v-ro Bmnlmouyly
Ifcted.
Chalrmin ot tho Hoard JASICi K MITCH-
nt.i.
PreBMi-nt IfiA w nvnM:-
Vkn PrMldfiit TruKPtt I I'K'M'.SO.V
Vir Prpl'lptit anl ash nr I'H c. Pu:i
NKIiORN
Tho follnwlnc appnn'ui.i . er m .Jp
A(,ltam Cashtor 1: IlKMtY nil 1U1A.N,
Altaiu C'ahi.r ItlRIKs JI cOSV
miicltor. p r r.iiTiii:r.Mi 1 !r cm
Notari, GEOItUi: K IM.rTi
JOHN l. cj.VM-.l!Olt.
Caahli-r
S. TUB (I.MItl. MIIOV.II, llM
or rnii.i)i;i Piiiv
lanuirv lrt iota
At tho rKil!,r annu.l mnntf of .tnvl
holdr ot 'his bank. Ii-Ii .Ijmury ih,
J9ID, tho foUowimr Kntlemn were eletieU
directors for th raulnt .oar
OKORCB Dt'KNIIAM, JR
VVIt.l.IAM WOOD
1 HAHI.KS VVIIKKT.Kr.
( llAIlI.t:' 13 ISUBHi-OM.
V A JACI.sON
(AJlfBI, I. l'i r.VVKN
' .vri:n"U m hrovw
.-TKV KS- 1IK1'KI IIKIt
VHR I AM'ltKVVS
I HAIITOV roWNwHVO
TTtKH K l -HJl 1
HK.VTAMIN- Itf-ll
II.I I VM Ton I
lOIIN 11 MORC.AN ,
WILLIAM V CONRVU
t a mctlnif of th bo-.nl of ,1 rortori
hold this dii Mr William Post was ynati .
Ttiously r-ele't'd pir,lfln
1V1LL1A.VI CON'RP
t ashlar
I III KIN lll.l.r VIIUTIII.R (IMHTI(I.N
New ork, .lan lrt Tin. foltoulnc
temper ilnri". were reiordrd In the lot- ,
ton hell thU tiioriitne
Kmiwilb. 2ai Nitihillle. Mi Miilrne ,
md in;ii-ti, .tli 1111 ntonlo und Wil
niliiLioii. :iii Tort -mltli. :'.ii: 1 Htl.- itmk,
.W I furini- ( lirl.ll. Vlemplils, VI i,iii, Vt- I
lllltii .md ( h irlestiin. Hit Miateport
it U.!nirc, Vlerldmn 11111I in!j h, A!
l,iiUehlnn. Hi Vtnutcnmrn, fl; .laikon !
vllle. 5it Neu Orlt-ann .ind I'ensiroU, ,"il;
und rnniini 50.
rtiere uu .01 lit li or pr rliiltntlou nt
".islulllc: .11: nt I Stilt- lluikl .IK', ut
MikKlMirci ,1H nt Neu (Irleiinsi H ut
bilenei u it --breieportt ,9S at I nrmin
hrl-tl l.iil ut jm Vnlonlo. and 4.0 ut
I'.ihetiin.
New lorl., Jan tl Tlio tono at tlio
outut vvjh flnr ulth prkes 18 to Oil
points lilshrr. on favorable cablet;
.btivi- covei inn 1j le-etit (.cllors, buj
itin liv Liverpool and otlior Ion tin) In
tercts and a (loinanJ from Hilnntis to
"ti prb ps '
"-(iitlimnt liotli lieic and at Xcw Ot
leans appp.jrtd to be more i caotlonarj
There lias Ken a llttlo co'ton In
, t-jiet tr-tt hero dally elme the U ginning
of the month and tin re was uviiLntly
I liquidation In anticipation of further
J tr nde.ru.
That delivery sold 10 pmntb not lovvt r
j but other months were firm and except
for Januarj Ihu inarkot. Miovvrd a nia
trl.illy Improved tone
.-omo of tho people who had been mo.-t
I'lionoumed In the epusslon of bearish
I lc-vB recently iveri amoiiR the buer.s
on the advtime, which carried pome
I months 5u to 57 point.
1 in j u
p m p u
Sew rk, Jan It! The curb ln.irk.'l
uas active all tliroURli the d.15 . with
vigorous movements In .1 number of Is
bue.s. Mime mocks seiiinj- at new hlsh
let ends
Mo-i importance was attached to Ucn
ral Asphalt, which r.iim-ed from 55".
C'onsol tins
I Con) l'rotl
, crucible Steel .
do pief
Cuba O ne hii
do ijrtf
Deere Co pf.
I Den & K (ir pi
Dome Mines . .
1)ct IML-on rts.
DNtil hecurlties 51 1.
i:ik Hoi 11 Tucl 29
Uric- .. ' lu";
do pitf . 2S
I'ed II .v. . pf. 3(,f,
tiaMon William 29 '2
lien .Motors rls 1 1
tlen (Kir Co. . 52'
I tien i:iic Co . 15fl
fitn .Motors ..125',
do pnf . . . M
Rooilrich H 1' ill ,
flranbv Mining 79,4
!t Northern pf. 9.1-
do Die subs. 3S
ilient-i an Coji 44 x
I (!lf Mob .1 X pt JI',
i.ulf Mates stl 57'-
Hai-kill ti I)r kr tl
to
now- hU'h rccoid,
1 00 pie
I ... n-. . ..I
,.1.1, ,1a "" -VKI ' ui
w itn il e , ,
bujing believed be tor I'.ojal DuKu liihplr Copp, r
ItitftYMs liilcrb-c foi
International I'ttrolcuni told at I. lo
-'2'; , the accumulation of thU t-locl: b
liiB accomp uiled by Ftatements In re
(,'ird to prob iblc Increase In Itb fcouth
mcrlcan output.
Cosden was steady, with salefa at 7-
and 7I4 Sinclair C.ulf was one of the
stionKin fiatuns 111 tho oil proup, ad-
vantlnir from .'I'-, to 21I Houston Dili
told at sn tu 7r '
I )'
5iP.
It',
a '4
20 V..
1,7
17'
JJ
C5
101
30
42
95
491,,
59
'"2
ij
7T'j
95' .
"T
IJ
"n
5UU
29
It.'.
28
J'i'k
J9N
ll4
M-a
no
125
ST j
(11 ',
7J ,
'-''j
S'.'a
11'
5i'
'14
ci
44
C7
17?;
33',
05
104
36 c,
42
95
49
It-
Ut 1
12
c
51
29
ll.'j
2S
3l!"a
291.
11 J
15 II
125'.;
S4
bl
7 9 "4
92?,
30'g
H'
r,i'i
41
1-1 .
5li '
II'
.!
-1'.
201.
Tin lodn's 10 -11 11 Mi
lop" op, n u in ,1 111 p m
.1 r uip .0 ti .t, :n 21, no .n 00 V' no
II.11 h -'I 21 P'l 'JI 7", 2'in J ns
V 21 I J 23 .", . SO .1 "l 21 M
I 1" JJ li 22 11 JJ ,7 JJ I'll
'" 10 -II JJ
IMU1 RIAL
111,1
(8
"V est. f . s.'
Anl. (K.il' I
7 0-1
m-
" lnb'1
Liverpool Cotton
l.lirriKiol, Jan HI -pot cotton vns
nubt toda vntl pro e.s easv on tin;
bisls of a ibeline of J" points for mid
dliiiB, old (ontract. it IS 97il. The sales
wire f.fl0 bals The rei eipis were J3 -000
balis. im luduiK 17. sou bales Amer
ican I mines were quiet in tin early
dealings spot prlies weie- American,
mlildllni; fair. .0 23d . Rood middling,
llGOd, middlinc IS 97(1, low mlddllnK
17 92d, Rood orillnir.v, 11 40d, and
ordinary, lo 87d.
EV YORK C.OFFKK MXKKLT
Aetna i;plinnes
Am Ilrlt Mfc
m Marennl . t '4
m rltlnc- I'alie- 2
Air Itidurtlon . 20 b0
1 in.iiluu Car Co, . 25 3.1
Con Car i Kdy pld 05 75
t'lia-coil lion 7 b
( heviojtt Motors .115 155 15o
( ramp . 75 S3
Curtlss trop.ane 11 13
Cam in TikiI . 4 S
Carbon htnl . ... 90 9ti ..
laiierron I honoKiMph 2 2'4
Kendie MtK ... 10 15
Lake Torn Uo.c ir, 2'. .
"i it LehlKh Coal j-a!is S7 90
'j;' 1 1 Lima Loco '10 35
- '" Vla'lni Mm lion- i4 -s . .
' , V Mi ' buihhnu u6 Cb
or Ann r rap i-uip v'i
(Otis Hlevatnr 02
I'eirless Motor . 11 "t
I'oolo Hiik . .n
Hcrlpps-Hooth . 15
Mand ird Motors.... 7 '3
Motl AI1oh 7
.Submarine .. . 111;
M JiiBPpli l.rad . 13
Todd Milp'uildlnR...lui
rrlancle i'llm ... 'i H
I nltid l'rollt ftharlng ' ,
I' h Sti .lniRliln .. 4 7. 5
1 1 iiitt.il Motors . . . 35 ' 30 'i
I World's Tilm ... cH 's
Wrglu Martin All- .. JV, st.
Int II 1 11 new 11.!'., 112
int .vier jmr
do pre f
Int. r I'apei
Int Nickel
Int n T1.111 pf.
Jewell Tea
do pi ft
Kan ( .Nouih .
Kan Cv .sum pf
Ki 11 hprlnk'td
do pnf .
Kir.mcoti Cop
Kisliv Whl pf
I. nk htcel
I.icledi (Lis pf
LihlKh Val ii',
Lee Hull i Tile ZZ-'k
Loom - lit .s HI 43',
9000 1. Val rets bs .102'j 102, 102'4
5000 Marseilles 68 .100?, 100, 100",
i uun miavaic s . bl'n
16000 Mo Pac gen 4s 61
1000 Xat Tube. 5s.. 98
43000 N YCi.lI (is 98 '4
3000 do 4r . 85 U.
9000 N Y C 4 8 'b4 17
1000 do 4'4h '65. .101
1000 do 4is 'b7..100Vi 100'j 100'3
-UUU UO INOV 01..1U1 1UI 1(11
iuuo .n y jtwy 4s.. 4J,
8000 X Y Kwy Cs.. 13't,
1000 X Y M.ato 4Vs (11
5000 X V T gen 4'2s 89r,
7000 X Y W C & U
4 V.i . . .32
1000 Vor & ho 5r b93
17000 Xor l'ae 4s 85
3000 do 3a.... GO'i
1000 IM (fen ct 4'js 89
80000 do 5s 08s.. 974
2000 do 4',js en . 95
500o Pierce Oil 20S.I0II4
5000 Pere Mar 4h 71',
8000 do 5h. .. 871
4000 P.eadlng 1s 85 5,
1000K I A L. 4s . 78
lilOO Sinclair Oil 7s 90'.
3000 Sll.I.MAS 4s 82
7000 Sea A L ad 5s 32'j
10000 do tfd Is 59
15O0O South V cv 4s 84 '
150000 do 5s. . 103 V
67000 do rfd 4.s. . 83
39000 So Kwy 4s . 675,
JO00 do Cs . 95'j
1000 Teas Co bs 10ia8
1000'Iblid Ave 4s. 52'j
1000 do ndj 5s. . 30
20000 U S Ilcalty 5s 62
1S00O V S Itubber 5s 87
looo do 7s . . 103
31000 f S Stl s f o- 1001,
0000 Union Pac is 89',
15000 do bs . 101'a
12000 U K of f! Ii . 1
.'.'-s 1919. .100 ,
3.1.H00 1-0 new l'i 1 00, '4
10J000 do 5'.-h .1 08(V
IJI11OO du I'UTs 100'4 HiOf, 1001,
1000 KfH Cliestet Os 02 92 !i2
100O WeM Kite 5s, 97 4 i7', 97 1,
S2000 Am flas &
i:iec 6s. S7
5000 Bald Loc
5s .. ..IOijI,
lOOlU & Peo
Tr 4f,... 73
2000 Lalto Sup
inc' 5h, . 59 ! 1
loOu Leh v L
rs . . tOJ',
100 Llbllonds
1M 4',s95.80
1000 do 3d
4'4s ... 9C01
1000 do Hh
4Us . .95
8000 Pa Co tun
its 4'jS 97f
12100 Phlla i:ieo
1st Ch.. 97
1000 P.cadlniT
Ben Is i)
1500 Un ltwjs
t 1 b 57
PHIL. INACTIVE STOCKS
Tollowlns arc quotations for inactive)
stocks listed in th" Philadelphia Stocl:
Kxehango and In which tin re weto no
transactions today Tho piico given b
tho last previous "alo:
Acme Tea Co. 79 Key Tel pf 50
Alliance Ins. 19 U Lake Sup l-or 17 t
Amer Gas.... 64 Ut Urus 'ift
Am MlllinB.. 10 i Llttlo Schuyl.. 48
Am Stores pf. 90 Xorth Penna.. 94
A O war .... 7',j Penna Salt .. 84 '
Brill J 11 20 Penn Xat Bk
Huff & hus t c 70 war "77
S7 87 j
100'i 1001, j
73 73 3
59 U 59 ' -t-l'i
102 , 10JH ..
95.80 95.80 ..
96.04 96.01 .04
95 95 .04
97'i 97'i 'j
96 96
Sb 87
4 Pi
13'a
Cl!4
89's
1.9 'j
85'..
601-.
89
97,
95
I0P,
71,
87 i
S5 ,
78
9b'
82
52
58',
81 ',4
102'j
SI
101,
52 '
30 61 '4
86
103
100
X9,
104
10o
loo,',
08
43i
131
1,1 ,
89
69'j
89
97r-s
95
IOII4
71,
78
90'j
84U
10" Vs
SJ
67
95'
1013.
52' 2
,10
62
S6-,
103
100',
8 9 '
If 1
100
loo,.
OS!
Lluff & Sus pf. 40
Camb Iron.., 40ij
Cambria Stl... 115
Cataw 1st pf.. 62
Cataw 2d pf. 54
Cen Pass Hs 109
Con Ttac X J .62
Corn i', X U 345
Ulc htorago, 53
4th St N ilk. 300
Hutu & 11 T.. IV
lit & U Tpf.. H
23
2H
6
I'lill Co cu pf
Phlla 1:1 vv vv
Phlla & West
ltwys Ocn .. 2
Tono Mining.. 2
Uni Rwys pf 14
Un Pass Ilya.160
War 1 fi. Steel. 8'1
Wct Coal 75
Wm Cramp 70
WtJUSiJ .. to
GENERAL ASPHALT STOCKS DROP
SHARPLY AFTER HITTING NEW TOPS
Large Holders of Transit Certificates Not Worried Be
cause Lease Agreement Was Disapproved Sales
, Slow Appearing Price Off a Little
Wide fluctuations in Octieial Asphalt common and picfeirctl btock at- (
traded most Interest In todaj's trading on the Philadelphia exchange, lttts
the market was more active than recently, although it opened quiet, ami
several other Issues scored wider changes than has been the recent rule.
Early In the session Asphalt common was usually active and soared to
5'li, a new high record and l'i points nbovo yesterday's final quotation,
tvhllo the preferred, which 0U0 developed moTe momentum than customary,
advanced 1 points to 90. However, at that level profit-taking became promt
nent and the demand slackened so that sales mado later wero at declines am'
there was a reaction for tho common of 3',1 points from tho morning's htgl
to C3, uhllo the preferred yielded Its gain and a little more.
On the New York Curb sales wero recorded as high as uT'i todaj , wit'
I Hoyal Dutch Interests credited with being buyers.
I Naturally there was much discussion today In the financial district ovci'
the disapproval by the Public Service Commission of the proposed lease agree
lnent between Philadelphia und the Rapid Transit Company and in mam
quarters the announcement was a surprise. However, generally holders of
ho Transit trust certificates showed no nervousness because of the news.
No sales were recorded until after midday and then the first sale of r.
26-shate lot camo out at 274 off from the previous close and a block salr
later carried the price off to 27, but offerings came from small speculator-
I und largo holders showed no inclination to unload. Philadelphia Traction
lost 1 point In the afte-noon on a smull sale and a small turnover of Union
Traction was recorded it SS'j, unchanged.
Other lssufs Minwrtl nn iriegular tendency Tonopah-Belmont was active
and advanced a fr.ic.tlon, American ftallvvais preferred advanced 1 point
Lehigh Navigation moved up a good sUed fr-ictkm, Philadelphia Electric wa
active, but slightly lower after being higher, and United Companies of New
Jersey advanced 3 points, the amount lost yesterday. Insurance Company o"
North America declined l', but was slow.
Halls wero weak In line with the trend in New York, Reading Companj
yielding as much as 1 point, Lehigh Valley and Northern Central U each
Pennsylvania a little and Southern "4.
Steel was Mow but higher.
In tho bond division a gain of li per cent for Lako Superior Income Bs
was the outstanding feature,
The Philadelphia Federal Reserve Bunk has been Instructed by tho Trea?
ury to withdraw the remainder of tho January 2 Treasury certificate deposit"
amounting to $8,144,000.
u. a. cli:sgs to war stocks i
MONEY-LENDING RATES
m:w IOIIK Money on call, mixed
collateral, opened today at 4ij per cent
for lending and renewing. On all In
dustrial collateral the opening rate was
J 5 per cent.
Won't Sell Supplies to 7ev Jerc; Fa-" Time mono mat Let was quiet tortus
ccpt jt Murket Price ' Ith only 11 moderate amount of bus-
Trenton, Jan. 10 The War llep.m Iness transacted. On all Industrial loans
ment h.is flatly tefuseil to nil surplus the rate was 34fiGV.; per cent and on
war stocl: of hii kind to the State of ,lllxecl collateral BftiBVi per cent.
New Jersey unles-s the Commonwealth Veeent inec bills vvere emoted nt
paid Mrtuallv market prices for all suel, 4f4T, per cent for ellgihles and
cveess mnteilalH. according to announce- Ia'ra4A tier cent for nonellnlble.s
ment toelaj b tre htnte House fommis. 4J4' ',cr celu Ior um"fe'u"
slon. j
It was said that the plan, whkh had iIIII.AIii:i.I'IIIA Call, C per cent:
been originally siiBge.sted In Commit- time, 5S4 ft 6 per cent. Commercial pa.
nloiur of C hurltles and Coriectlons per, three to six months, C0 percent:
Lewis, has heen approved ain com- six months, fi per cent.
me"n n ov .11 nor '.enerui i.eoree w
Goethils. fi rector of the nurchase. Mor.
ng. 1 ii'I tralllo division of tho War De
piiirment. The hssi rtlon vvas made that the pur
chase of food supplies was entlrelj ruled
nil of eonsiil i.itlon !v the Federal au
thorities on tbe ground that the pro.
vlh'oning of the American ( spedltlon.u 5
fores ami thee lv II population In'
enim'iioH h'ul llr't call on the nurplus
htoeks after which bids from th l-Uites
might he eiitcrlatned by tho War Department.
LONDON Money Is quoted at ". per
cent Discount rates, short and three
month bills, 3 17-3t: per cent.
BANK CLEARINCS
lurk rlmrliiKs today enmrnreu willi cor
rconclltiG ilv lit tvvo eiirs.
mtft mis inn
Plain . sti -s.-oin nn.si)(iiHij jr,-,.-.'.n.2nj
lliislnn. . Til 7SO.IU1 4iinso.s'lt 4H71-MIH
N n lc nr.v tiss i7 r,.r. no ""' ngj.-.'t3.T.i3
l!.i'.umoro Il.in4.ur1 1 ".tsn.SfW
FOREIGN EXCHANGE
New York, Jan 111. The feature o
the foreign exchange market this morn
tng was a decline in franc checks tu
C.4G. Neutral exchanges were generally
steady.
Quotations were:
Demand sterling 4.73 4, cables 4.76 ',
Sixty-day bills 4.73'. and nlnety-dav
bills 4.71 lJ.
Franc checks d.4t. cables 5.4 u'e.
CiulUler checks 42, cables 42.
Lire checks 6.37. cables 6 35.
Swiss checks 4.83 's. cables 4.80.
Stockholm cables 29.(10, checks 28 ',1
Chrlhtianla checks 27 3i. cables 28.00
Copenhagen checks L'06, cables 2C;-
I'esttas checks 20.12, cables 20.20.
Ruble currency quiet and quoted a.
U'itijlS?,.
BAR SILVER
Last 101ft
Toilny Ten Thura Itllh I ov-
N. Yerk(ct)l.m S l.nlef, 101 It l.lllj. HJl
I.ondoopnc) 47,V 4K, 4H,', lfH 4L'lj
2B?
lilt's
.:.' '4
.'7j
71 '4
33
fin
IS'.
01
C41
Lnrilkiril !
!
0-'1.
31'8
JiJ
71
',')', j
00
lS'i
r.7'4
70'
M
I, I '4
!'fl
Ml,
22 14
4J,
till
PI-
00
U'l
r.7'4
71 4
91
III
ii 1 H
'11,
li.1',,
- 1
1
3"
Gossip oj tho Street on
Pago 18
1 '.
l-K
lilS't H18V1 ldS'
Loulsv A. N.ish ll'i ll'.i 119
I M.iek.iy Co p- ill i, t 1:4
JI.i Motor vsij is , -.s'.
do .'ii pief :m 21)1 i'Oi.. 1
Ma un .-(,-n 0,fc4- fl-j ij " i,ji4j8j.
Jk'V I'.-trol H7 , 1S1 HI '. -.!
Miilv.ile Med 1.11, i;vH .'7,
. .M & M L in 10 '4 1014 101,
M S P A 1 S M 8S Ss SS
1 Mo Knn S. T
21'
GS
l!"i
10
uU
8
8
12
11
108
1 3 a,
t,3li
. 1Ji.
UJ
llrt
P 50',
01
I 6
iOOV. Ifi'H, 1 ii'i 1 ..
in ,
"fl
l'i
li:
IK.
4'.''
!'l
ti7
nr
a
7V,
ii'.
36
-I M MtK oil.
Ill.nois
I uhl ,
, I'luirle l'i i
Im.iiM (ill ,11 c.,f
M.iml till of V J
K IMON NMIONAI, IINK
l rhllidolphta V January 10 1010
At the annual mwtinit nf the MoiKhnM-n
hold-r. wr. e leeti-u dire, torn In serin uurii B I -'J".',". 1, .trnce
the fnsums ar . maini In ev .uence
vvm vieuon Ir
Hrnr JI Hiirtiin Jr
rtthnn T rolwell
anlul K. I.un.lls
Win 1 Oelbirmann
liinathan Jenks
1 mrls 7 l.n-1,
-iir M Mi Aiioo
i-uiiurman
New ork, Jin In The inffie m.l -k,i
was qniei ul'er toe mil ami prlies
che lined under further l ir prison
M i selling down fioii 1..''1. to l.i '111
and lleceinher selling at 13 40 or in to
1 1 iiolnts net low t r
There vci --alii to be bus. 1 s b'low ' hii nil (ill ot ,S' V
the market, .viav ueing vvauieii in u .n,
and hep't-mliei- jt 13 Brtc
'I he nrtlvals of mild eotfeea are er
heavy. In ing over 1.00,000 bags bo far
this month, and stocks are rapidly ln-
wltii onl a very moderate di -
W- H. Carntintr
lvnatiup J Uolmn
Kornco 1 PotM
Henry V Milihf I
S. S Vlarein
I H Vlrl'u'In'll
Tohn C Maruii
LduIa N" i-nlelbc rs-r
sorman k
The unman
t n liifttrr DI thf i ircrinr Imt I .
day lin fohou nc offlr-er wrra elprfd
J. s MlCuMoiIi Pfpsidrnt Innatfm r,
"ichnn h e )'rt hUIpi i Iijim V .'"pit itx rf r
l tr8i(kiit nnr) .ttth.tr hmu,l in,i
ell iiatant ' ahier ) tuart AWmr
itltnt Cashier Trdfru : rHirUmb f,
plsaint Cashier Jfnrv I' JJronn, oUtlter
"horaas J ilunt Soinn
uouis v. M'ii:t.ni:naun
1 anhttT
tt THK .TiNAi. si rnirnrjTNh
if? 1IIIJ,AI)KM'I
Philadelphia, January JTi lftjo
At the annual meetlue of the .stockholders
'ld on 14th 1nt tlii follonlnc arentlemcn
T?ra elected dlrcctora to oero tha eniilns
,ewllam II Horn. J K Drlppji,
Qeorce KeFsler. Charles K, hchmldt
Oeorwe H Allen. I'red J Finkenauer
Krank Schobl, Ileuben Wtndtuch,
Walter T. lr$)t J, William Doerr.
At ft meeting of th directors, held this
My. the folio v. Inc off Jeer a cre unanimously
ta-elctd
i .1. Jarper Drlppi. President,
GeoWfi Keasler. Vice President
jyi"n Qeorffe OUnirton wan appointed Assistant
fo -v.." -- - . JJ. WcKCB.
Caahler.
markets failed tu hhow
HtrtiiKtU of onj kind and Hio s"notn
vere ejuoieu in a ui'iium 01 ii ponuH.
with Santos futures being 75 10 1S3 relit
low er.
TcterJu a TrJu 3
eiuse oiienn J
la 11 ,
1 1 kl
Ml I, , Ml, l
13 ,u 'ia i
Mi'
Jun u
st.ptnib.
De embei
IMII, l'i, MlllS I
Harnett fill .t ')an
Cosdin S. e'o . . .
i:il( Uasiu . ...
Keiler.il nil
Inter Petrol ....
Houston (ill
Vlirrltt nil ...
.Midwest Itetinlng .
Me: i'etiol
Olilo I-uel . ...
Sapulpi Itef
MMlUOlllll
t.im nlnclalr . , ,
? 1" inland O '
ijlen 01 (1
in 5
3.: 1
"70
"71
717
JS0
on
I(K K
170
m I ,1
7li
1'"
Hi
'.70
79
ilii
129
3i
7-,i
so
22'j
ijo
31,
ts
Mibsuurl I'ii
do pre f .
'nt C'n .. cli.
N'at Ui-i ui
do pi if
.N't Omg Jv H
do l.ref .
Xat I.i.ul .
do pi of
N'ev ('mi Cup
N o Tes e Mi
N V Air Hr.ik l(i- lni
.m n iorK (mi 7i'i
1 .N 1 ,s It e. 11 JI
Norf .'outh .
N'ort e tV.-st
do pief
do rts
N'ortliirn l'ae
Kikl.i I' .V. I!
(ihlo (i.is
finlarlo Mhu
IMeltlc Mall .
I'an-Am IM
I'tnn It I!
r. 01 'a .' i;.in
I'hll.i Cu . .
IMtls e. West,
do pref ,
Hen i-Arrovs
I'ieree nil .
I'l'ts Mtel pr
Jt'
if';
11:
IK!
no
i
1
$5,000,000
THE LACLEDE GAS LIGHT COMPANY
OF SAINT LOUIS, MISSOURI
First Mortgage Collateral and Refunding Ten-Year 7 Gold Bonds
Se-ies "A"
Convertible at the option of h hoMer into iher tKe Common Capital Stock of the Company, par for par. or
into a like nmount face valur of Serie "B" Th'rtv Year 5r'r Bontljof the Company iMvied under the tame
mortgage, the Series "A" Bonds to be computed at par and the Series "B Bonds at a SYsVo income basis.
Dated January 1, 1919.
Due January 1, 1929.
r
liiji..
7j'J
- 'H
"4
301,
17
10 "."j
73
03
'I' ,
IdTi
Jin
in I'.
7J'.
17
1051. -
i.i'
!ii.
i.t5
f l'i
i
Intcrcit pa.uiilc semi-:niiiti,il, Iclirtity 1 ami Aukush. 1 (nrst anil last coupons lieu. ft tor eveti and five months
rctpcctivclv) in Saint f.ot.ia i r cv York Coupon lm-'ds rct;Utral!i' .is to principal or cxciiaiiReablc for fully
reRistored bonds: coupon I.uihN arc in interchancealilc denomination!, of $1 000; $500 and S'00. and fully
: ccri-tercd bonds may be issued ;n dciKiniinat!on of $1000 or any multiple thereof Coupon and
registered forms are fully interchangeable. Redcemab'e at anv time upon .10 days' published
notice at H'J and jeciited interest if redeemed prior to Jantniv 1 1922, and at 101 and
acciucd interest if redeemed on or after that date.
AUTHORIZED BY THE PUBLIC SERVICF COMMISSION OF THE STATE OF MISSOURI
IntvrcHt payable uithout deduction for Federal Income Taxes now or hereafter deductible at the source, not in excess of 2cc
4fi
'
SO'a
IMP.
'JIH j
70
n j
I Pond Crh Co.il 13'.
it. Meii in i ij i
-1'.
-0
dO
i!5 j
IT',
'iiH3
13'.
m
3r.
To
41',
"i .
3 ll'i,
Ml
-!?
18
1 Hi,.
1,1
-
-1
1
Application will be made to list these Bonds on the New York Stock Exchange.
1 rom a letter addietscd to us by C. L. Ilolman, Esq., Preiident of the Company, wv summarize the fotloK'infft
T1 Pullman I Ml c l.'iUj 120 iiit,
Pay Con Coj
I itt'.iciini;
! lion Iron & K
I uoj.u luucn.
SI
20H 201,
IIIMMi
Vi .una
, 111b L-d(,c
DlMDKMJs I)1.(.LAHH
I'i "turni-lii- lUllwuv oinrian. r,Jr. .""''V, i ,
tr of Hi pi'r i-uit on tip prior rr:r. ;-'"' .'' ,
in ntpi-U puidtilo I'ph imo I to i-to nf ( I S . Jeroino .
rconl J.nuar J7 nubjfri to .p"roal of Tirst Niitlnnul
ulr'ftor Kfri;r-1 e,r rillroaijn (loleltlelr) Me rcrr .,,
e'.ilorailn luid nnl Irw i nnipari ujirtfr Goldllold ( oim
rf T-.c a har mi rnmmnn and ciuirtfrlv rf p 35; 2 i-iV,rn'"
. pVr rnt on nrffrrpii liotli ni iM Pet, ' ; J"" 'J I lorenee
iunn 20 to holderK of rrord lanuary .11 iioldHeld IsfUHiiart ..
National Li-ad nuaiiorlv uf 1 n, in llreen ilonfter ....
frrrt pv line Marn i utii'iiii rnr r i , npe'l.i .vilnlng ..
lloivc hound
Independence Lead..
Jeronie 'enlo . .
Jjm nutlcr , . .,
.lumljo i:tpnfiion
.Mi Klnli li.irniKli
;j4 .
7'i
3, .
iroriff.
. 1'
Tebruarj i'l
CHICAGO BUTTEIl AM) rXt,
l'
s,
14
4
a'i
.a
eiiiuno, Jim in -nt TTiin riic 'it
4'i7 ium i;xtrfi il" llrmi iljifffi ir
Killl1---rti'tPl 13iieu..f Kulra "1 ,
r,'i timtii ,i ii ait
7el IIL1C' I.KtKiHt
I tCC tlc nt Annual Mfftltlff
ITVN( IAI,
Vlptllngn
I IIMIMNV
M
T1IK 31MtKirr hTIIKKT .NATIONAL
Thm annual ineetlnc cf tli4 tftochhoMn nf
the Public Loiter romnany wtll bo lild en
ItK i fiinrhuay, nc u o i mit.rj, ium,
-..... rM".eW"itl7;AV.Jh";.":,,,'.- lfioOCntnut.t. Philadelphia Pa for tn.
,l ini niiiiu" .'.- ....... .u, ....w,MC,ff
i 'uVin tho 14th Inatant. the folloivlnr ware
HT. . . --.l-nnr In HAr. n fn, .ha an-nlnw
Qk
faBitaF. Pulllvan It. I.lvlnciton Hulllvan
Saelrd Directors to norvo for tho enaulns
. a iiuvwai Mn.nDini imvia uuron
' Zifrod B. nurk William JI. Ilometach
. WRumP. H-nolt John J. Hulllian
T " fiioatlua J. pohan HhIpIi Earl"
I Idward fC Wood Jr. f-harlea C. Drue-dine
f lJ'"'(v' Will a Flelahrr
t At a piftlna or h uirfctora. nm inn
l." tb. rallowtns orricera aro unanlraou.ly
, y. BUI.1.1 Vj-tJI .-ITBIU-Hh
?m iiJtXiVAN. vie. vm.
purpose of cl'ctlni,- a board of directors, r. ! ' !
r-nlna'iind actln upon the reports cf the , .
eA-u nnil I he, transaction of such othp vv
tiuslnes's as shall properly eome tiefore the j Ycrlngton
meeiina
lairm i ( miner
.Mother I.ode
.dlne-d Cu of Anierlea.
NVvnrl.1 Hills ....
.Ne-viida Wonder
NIlilHs'ntr
Ohio Copper
IUy Hercules
S'an Toy
Stewart
Tonopah IJxtenslod. ..
i nited verdo ...
est l.nel (or,
hito Caps . . .
33
13
4'.1
I
J'4
I)
tit
lu
H
4's
la
ia
27
1
e
1
,i
35T,
100 0.
su
1.3
. 5i). 4
4t4
,'3ll
14
3 IS
l 81, ..
J . .
2'i 2, 31
8 U
liV lli 1 7-3 i
17 10 16'.j
4 5
75
iiv.iiro Armh. . S')J.
Us 1 S.tMin Mo.orsi. 7'
3'i ,v't l--h.m I-'r.in 13',
Mid) A I. nf . 17 a,
. 4 s-.-i n i. iron
i Klnelan Oil,
South I'aclfK
',-t t-outii ij i:
S4 do mof .
StudckiUc!
StromLieiK i
Stilts Motor'
Sun htnl
Tidewater Oil
, Tenn C 6. e
TeN.i8 S. Paeific 31 r,
IVMlh I O .... lU&i)i
Te;u, Co It , S 18v;
Toliieco P. , . 78 'n
Twin City II. T. 38
L'nlon IMclfl". ,l'.'kr
do pref 73
I 'lilt Alloy Stl. 37 j
I I nit CIk Stia.UBK.
1 t'nltid Krull ..ll,
I fnlt lt Inv pf Ul'
. V S Cut ll'&r 14
1 do pr. f . '.
, C S I'll Ale.i injij
I r ituiifie-
C h "ell .
I'tiih Conn. i
Wnli.ish .. 8',
' do nf A .1J4
Went l'nlon Tel i
Wesi MfB 4 J
WIIIvh Overlan L'O
2j, J do pref . . S8ij
VI UMIIl IU , . I U ',S
Woolwortli ..1-54
7: 'j,
73' .
C'Jlj
7h
Us
s;i
9ft
-7-v,
dS'
49'k
41
i.'o
14
30-
Ml J,
72). -r '4
731.. 1
av
1 1',
4-l-i,
1'
l.K'
5in,
It
3n
1 j
- 10
190, I'll
34
02;
17
J7'j
117'j
111
14
42'.'
HI
or.
SI'i
"JJ.
78
88
41
881;
71)
i
37'.
117,
14',
l'i
14
4J'.
I111H4
-ii
7 li',
'.:".
3 'j
88
41 3s
J4',
881.
TO
ISO'i
- l
-I 1.
These hnds are now serurod bv a l"ct mcrttrnp'p 'en uoon b'I the Comnsuiy's physical
"i-op-rtv. ard upon rftiVemppt of Ihp Fi-st IVortfpo Bondi. dve May 1, 1919, will share
equally in the lien of the then existing first mortgage of the Company.
The issuance of additional bonds is careful'y safeguarded under the mortgage.
The physical condition of the property is excellent in every respect, it being the policy
of the management to maintain its plant at all times in first class condition.
Net Earnings of the Company show a wide margin over all interest requirements.
Saint Louis is a manufacturing and distributing city of great importance, population
having increased from 451,770 in 1890 to a present estimated population of 850.000.
The Laclede Gas Light Company does all the gas business in this city, which is the fourth
largest City in the United States.
The Company operates under a special charter which, in the opinion of counsel, is per
petual, and the validity of which has been established by the Supreme Court of the State of
Missouri.
We Recommend these Bonds for Investment
PRICE 100 and Interest, Yielding 7
All Rtatrmtnti hre!n arc official, or based on Information vhtch we regard na reliable, and. whll t
do not guarantee them they ure the data upon which wo hae acted In the purchaet of this rccurt'y.
-x!
Fidelity Trust Company
Capital ... . $5,000,000
Surplus $16,000,000
.......in oiriisi Uroail Mlrrst Ofllrei
Iit1-311 C)itniit "t. N, II. for. of
UOMh
' Itethlcncm Tb fnotesi Id! olit
e osden Oil lit, . 82 83 .
Cowlrn & Co Cs 82 83 . .
eudah Tb 102 102U ..
Iluilrtn (Jov 5jt 48 Ud " 50
do ti'aii 3u S3 ,,
I .Southern nallvvaja Sb 08U 09
.Sinclair Oil Cs 83 30 ...
Todd Shipbuilding- ..10i 107 ia
Ux (1 idend
tnt'irnu lunal
.'irUel pf
Darby HanW's rirst.Uivnlcnil
A' the unnuii' incftlnB of tho Darby
Hank the old eilrectors were re-elected
line! an Initial dividend of G per cent
IvvaB declareel 'the bank stutenient
shows deposits of 81,204,000 and on no
cumulated surplus of 47,000. utter nay.
roen ot tho dividend oC JT608.
HALSEY, STUART &. CO,
INCORPORATED SUCCESSORS TO
H. W. HALSEY & CO., CHICAGO
LAND TITLE BUILDING, PHILADELPHIA
CHICAGO
NEW YORK
DETROIT
BOSTON
MILWAUKEL
ST. LOUIS
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