,'1i.,r.iTjyfTVr,; ;, iji,. ..; tfiu?!; yiWSyjNrT?P
i;i';i'.'"T" "" """ r'
"u;'y -k
14
EVENING PUBLIC LED GEK PHILADELPHIA, THURSDAY, JANUARY 23, 1919 '
fVVV "-:: " ' vffSiy'r ' ":r""v?!
r
m
I
m
Government
and
Municipal
INVESTMENT
BONDS
To yield
4 to over 6
List E-18 sent on request.
Chandler 4 Company
fanklin Bank Building
Philadelphia
Htw Terk BnMt
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
NEW YORK STOCK MARKET GETS
STRONG, WITH RAILS IN LEAD
Heaviness Disappears and Pronounced Strength Takes
Its Place Demand Sufficient to Absorb Large
Offerings Better Rail Outlook Runlorcd
New York Stocks
High Points in Today's Financial News
Pronounced strength developed on New York Stock Exchange and
heaviness was dispelled. Rails led advances, which ranged from 1
to 6 points. Oils were active leaders on the Curb. Corn prices moved
erratically. Cotton declined. Foreign exchange continued dull. Bar
silver remained unchanged in New York and London.
si;
55
47T4
88 ",
r
30 -li
n
4S
101'4
89H
14 '3
77'
53 V,
8 8 Ml
IOII4 101 'n
OILS
A pamphlet dlscus'lng- the Oil Km
with Interesting statistics regarding
Standard Oils
Oklahoma Producing
Island Oil
General Asphalt .
United Western Oil
ifau be had on Reqwst
P "Jnveslment SocurlK,,"
43 Exchange Place, New York
W.
S100-S500-51000
New York, Jan. 23. -The heaviness which prevailed In the Mock
market for nearly a ueek was changed In today's trading Into a display
of pronounced strength, with price movements Including advances rang
ing from 1 to G points In numerous Issues. There was a disposition to
attach significance to current reports that developments nro now pend
ing which may make n radical change In the railroad outlook, and there
was persistent buying of nearly nil the inllroad stocks throughout the
day. with those Issues making greater advances than any other group.
An Important feature of the market was that there was a demand In
evidence sulllelcnt to absorb offerings In large lohime, a condition that
was clearly demonstrated In t'nltrd Stales Steel common, that slock
being called on to stand a supply of about 25,000 shares In the early aft
ernoon on which Its price dropp.ed 1 point to S)f. but this telling was
absorbed without special effort and the slock later sold nt a new high
price for the day.
The greatest gain was made b St. Paul prefened, which rose (I
points to 73, but lost half this advance on 11 reaction before the close.
In some quarters an Idea prevailed that before the end of the month St.
Paul preferred may give a surprise similar to that uhU.li was caused In
Baltimore and Ohio common a short time ago.
Mexican Petroleum had Its usual wide range, llrst dropping 3 points
to 1G234, from which It rallied to above lfl7 Marine preferred dropped
to JS' and then rose to above 102.
The bond market was unsettled, with the fourth Liberty -l's telling
down to 9I.5S. The local traction issues were all In supply at declines
and man other bonds were under pressure
BREAKS AND RALLIES DEMAND RESTRICTED
FOLLOW IN CORN PIT ON COTTON EXCHANGE
Exceptional Security
! Trade Is Mixed and Brokers Ginning Returns and Unset-
VVE OWN AND OFFER SEVERAL
bECURITIES OF THE HIGHEST
QUALITY IN DENOMINATIONS OF
1100. (500. $1000. THE YIELD IS GOOD.
SECURITY UNQUESTIONED. INFOR.
MATION BY MAIL OR OUR REPRC.
SENTATIVE WILL CALL.
BAKER, AYLING & YOUNG
LAND TITLE BUILDING
BOSTON PHILADELPHIA Chicago
FINANCIAL
re IServotis Oats Show
Greater Stability
tied Labor Conditions
Cause Irregularity
(RAIN nF.I.T WKATIIKR HlKKIAsT
( hlrugo. Jan. 23. Illinois Partly cloncl.v
tonight nml Friday i rolder evtrrme soulhi
warmer Friday.
MNsnurl Fair tonlclil nml trld.ij s
warmer. , .
Wisconsin Mostly cloudy tonight unci
Frldavi (older northswl tnnlgliti warmer
west Fridat. ...,,.
Minnesota l'artlj cloudy tonight and
Fnd.m warmer.
f OTTOS BKI.T r.TIIKR I OMIITIONS
New York, Jan 23. The fnlnuinr Inn.
Ahllrnf.
ni nt. i,.i..... . ft.. -..
Nal.,11, in'Ti."1''"' ,ln'Kn'r. and
I belli I ,. ,Snr"'l""l. "! Corpus
N. lirliW.. "! ,",m. '' Atlanta. .10.
U.m.'n':'"',. ',"."'"''' .harle.tnn and
-" ". .'t. I If III IIIMI
AJ.ix tlubber . 70T4
'Alaska Old M . 3&,
I Alaska Juneau 2M,
' Allls-Chlmers C 31 U
Ido pref 81 Ti,
Am fleet Sugar 68Vj
Am Can 4Rt
do pref 101 ji
Am Car & V Co D0i,
I Am Hide & I,.. 151,1
on prei . .
Am Int Corp.
I Am Unseed.
do pref. . . .
, Am l.oco pf .
'Am .Malt 11$ ii.
.vm hmcltlnK. . S!l, f,8
Am Sum Tob..to:a In IT
Am Stl Kdry.. 79H, "8i
Am T & Tel. , .ion fj
Am . & Lend. It' 11 '2
Am Zinc & I.pr 41 II
Anaconda .... B8' 5?
Asso Dryads . 21 2i'j
Asso Oil .... 71 T4 72'
Atchison .... SHi inn
do pref 80 n 8fi'
Atl (J & W 1.10IIT4 M
Raid loco CO..08S fd't
Bait & Ohio.. ISi; 4fi's
do pivf nl fil
lletlilm Steel . fis, S8'4
do It . ... Ctm 58',
do 8 pe if ..101', ini'.,
Hkn ltap Trail 21 H :on
nunfs llros ..153 1S3
Ilutte (' & 7. Co fi
Uutte & Sup C 17'', 17
Cal Petroleum. .2i.J 22'
do pref ... . B7 a 7Vj
Cal 1'acklng Co BSTa 52 "t
Canadian l'ae.158 157
Cent lxatlier . 57T4 57 "v
Cerro dc I'aren. 31 "4 31 H
('lies & Ohio . f". 55
Chi Clt West TH 7'4
do pref . 25 i 23'
Chi SI & SI ! 38 , 371,
do pref 73 "i7
Chi IS I & ! I r 23 ' 22
do f. p 1 pf . 3
do 1 p e pf 7 1 3.
C C c it St Y 33
Chile Copiwr . 17't
Chlno Con Cop. 33'
Col Pucl & Iron 35 '4
Co! Gas & KIco. I1J
Col & Soulh 20i;
Cont CVri . . 63
Corn Products . 481
do pref . . l'2
Crucible Steel . 5 4
Cuba C Sug-nr. 2i4
00 pref . . 7r'
Hcere Co pf . !5'4
, Pen & It a 3a,
, du prrf . lilj
Dome Mines 11,
' Dlstl!lers Sec 52 ",i
Krle 1T,
do 1st pref . 2i;'4
, do 2d pref. . 18',-
I-Vd M & S pf 34 :
'lcn Molnrs. . . .123
! do pref . . S3'i
1 do rts 1 'K
, inodrlrh D K . 57 1
Uranliy Mln . . 71
(It North pf, !i2'c
1J0 Ore subs. 37 'I
lireeni-.Can Cp 431,
"IiiIk St Steel . 52
Insplr Cop . 4 4'i
Inter-Cons t'or 5'4
do pref . 1SU
Int .Mer .Mar . 23 'j
do picf . 102aJ
Imrrnl Paper.. 34 3i
Int Nickel 2('.:1l
Kelly Spring . 7n
Ivermecotl Cop
Lack Steel
70 T
34
31U
81 Tn
CSV,
4H
101 l4
t,
???
16
Sl4
47-
88 i
. '4
3'
io;
78
flflTi
U'i
41
B7'j
21'i
72 Ti
ni'4
8S'a
100j
"8 1
48U
54
B8',4
nsTn
1 0 1 4
20
153
R
ITS ..
22 ',2 I-
K7".j
R3T.
157
r7T
31 'i
55
1T4
3'.
-i
s
4- -
2'i
1
--1
OIL ISSUES AHRACT
AHENTIONONCURB
Standard Group Dull, but In
dependents Arc Traded iu
Actively
251...
37'4
7n'..
2'
73
33
17'4
32--,
35 'i
ll",
2n'i
!
47'
102
53
23 'i
76'
95 U
:i,
fit,
11
15,
25 U
18'i
34,
122
'
57
74
:i2
3fi!-,
43Vj
.'26
434
f,
IS'-
23
!'8
70
32',
3
7I,
33
17'4
3 2 a,
35'
11 -
20'
U!
47'
102
54
23N
75 H
!I5
34 ..
fi'j .
i&"4
2i.
18'...
34
123
83'2
1',
ii:1?
37'
43 's
B2.-
14'
5'4
IS's
23-j
102
34 -.
2fi,
70
32',
ti3
New York, Jan. 23. The curb mar
ket was fnlrly active but without de
cisive tono In any group. Standard Oil
Issues were dull nnd without material
chance, but the Independent oil stocks
were again actively traded In with lr
regular movements. .
Houston OH ranged from 77 to 77'a
nnd Itoyal Hutch roso from 72 to 74'i.
reactlnrj to T2. Sinclair Oulf wns nlso
strong, selling at 23 to 23'. Cosden
i-old at T',4 nnd T',.
A feature of the market was the heavy
trading In Queen Oil, one of the low
priced Icsucs, which has Important prop
erties In the Ranger field.
ITenernl Asphalt wns again bought by
Itoyal Dutch Interests, with sales nt 57 V
to 57T. The prelerred sold at r2'j to
',i!i I. Inter-Continental Rubber sold at
17'i to lfi
j War order slocks were quiet nnd w Ith-
a. 'mil innlrlnl fliantrn
1-; tvnruiTtti 1 t.u
I- ".
' I Aetna Explosives.
-t- a Am-I3rlt Mfg
" , Anier Marconi . . .
-( l' 1 Amer Writing Paper
.vtr iteauction .
Canadian Car Co.
Can Car & Kdy pf
Charcoal Iron
Chevrolet Motors
1 ramp
' Curtlss Aeroplane
'i Cnrvven Tool . .
' ' Cirbon Sleei .
Kmerson Phonograph
S Hendee Mfg ....
Lake Torpedo Hoat
' I.ehlgh Coal Sales
' 1 tlina Ioco
Jj 1 Maxim Munitions
N V Shipbuilding
Nor Am Pap Pulp
' 'iin I, if rtior
I Peerless Motor . .
Poole Kng .....
I Serlpns-Hooth
Standard Motors
I Steel Alloys . .
I Submarine
St Joseph Lead . .
Todd Shipbuilding
1 riangie film ....
Cnlted Profit Sharing
f W Steamship .
1 I'nlteii Motors
World KII111 .
Wrlsht-Martln Air
;:;r
4 ls
- H
1'4
13
llld
fit,
i
3
1
25
fiR
. 7
.140
77
. 11
5
no
10
87
30
i
35
2
05
IS
. 20 -.
IB
71,
7
. 11
13
.105
IT
Ten
Aid.
A
4'i
1
fill
33
80
Ub
155
82
13
11
OH
18
2U
DO
35
n
2T4
70
10
10
30
84
8
12
13
107
rlono
'4,
Philadelphia Stocks
' HUh
100 II & o RR48
104 Kleo Stor. 53
1170 On Asph 68
2518 do pref. !)5
166 InsCNA 27 M,
5766 Uk Sup O 13T
1 lh Saw 72
6l.eh Vol.. 55 H
20Mlnehlll.. 60 'j
658 Plilln Klec 25
655 P R T t c 24
140 'Rending. 784
10 So Pac.. H8U
1535 Ton Uel.. !
100 Tex Pac. 31
210 Un Tract 37H
60 U C, I, .. 72
180 C s Steel On
10 West Con 1 76
fix dividend.
1.ow
48
51 H
57
!2
2 1 U
18
72
55 'i
60j
21J4
23 T
77
98 M
211
31 ii
37
89 4
75
ClftBn
48
52
57
95'i
27U
12
r.5 i
6n',a
26
23 Ti
Net
thun
I.
n
'4
98'i 2
2T V
31V V
87
TO
i.
1'-
-I-
T,
l'n
U
'.
'-
2",
- '4
!
31-
6
36
11U
B
33-"
xiraiin.h n-i. t . . . .." ":. i-iiiitii v :iu .r. tr. r.t -
'"' """"" low.l t air lonlllil anil rrraavi nuran There a 01 ,1. i ..? ' '.', ' '"; lee II11I1 t tlr "Ml "11 hi ' imer leiroi ..
71r"utt"" i- rn.i ..iiu.-.L II ISk orth Iiaknfj iioii.i tiouay ionium port. .'' nt i Ittu ii.i; ' '..' "rr.7 i 7 -,vr. "'. .' ' '" " Mrrritt Oil
lhflA1T.rniUP.riS,r.ftJtf.5K,'l,; -oVlh MaKu-h- .enUht and Krld,,, yiSe r. "IrfVl Tt.K"K, ?.ioJ?'f ; Mrx Parol ..1BT !-., 164., 1 ., .'.'L Kui'l" "
U, l.naiirB .mukih "llinn n u- .-- n- rirt I . t 1 Ml I J II ' -I- .
j -ti c i -n -n
i'
STANflAKII Oil. .STOCKS
Illinois . 163 168
Ohio ..3IS 318
Prairie Pipe ... .268 273
Standard OH of Cal.. 262 267
Standard Oil of N .1. .670 680 677
Slumlord Oil of N Y.307 312 310
INOKI'nMWNT Oil. STOCKS
Rarnelt Oil & (!as '4 , '
Cosden H Co 7'i 7'4 7'
lilk Il.isln 6 6'4 6'
Federal Oil ... 2'i 23 2
. Hia4 20 20'
76 78 77
. 21 22 21'
.127 129
3 II', 3
16 1S
$1000 Am(3as&
Klec 5s.
1000 HI & Peo
Tr Is..
lOOOICnult III
Gas 5s. 102 V
21000 I.nko Sup
inc 5s , . 61
6000 Ih Val
6s ....1021
1000 do gen
4s .... SO'
1 00 I.lb Bonds
3d 4 lis 95.20
6600 do 4th
4Us. .. 91.70
1000 N J Trac
5s ....
3000 Pa Co gen
1965 . .
25000 Phlla Klec
r, ....
4000 Welsbach
Co 5s. .
llnMIN
High !
88
87 T
96
95
87
70
102Vi
60
102
80S
95.20
94.40
85
87',
95
95
37
1 1,
90
75.
Close
87
70
102 li
61
102
80'
95.20
94.62
88
87
95
95
H
Nt
. rhst.
lti
l'.i
'
.10
.16
1
LAKE SUPERIOR BECOMES ACTIVE
IN LOCAL MARKET AND ADVANCES
New York Bonds
J 1000 Amer Agr
Hlcti
5s 38 f
73000 Anglo-Kr 6s . 97f
sooo Am -ii & u iis.iuu
2.80
Low p m
98 H 98 ii
97'4 97'i
100W lOO'j
99 99H
91 Vi 9m
6000 Am For See 6s 99i
6000 Am Smelt 5s. 91 '4
6000 Am T & T 6S101U 101'i, 101H
6000 Am Wr P 5s. 91 91 , 91
5000 Atchison Is . 84 834 83.
lOOOIJalt & Ohio 5s Hi 82 82
8000 do cv 4s.. 78 77i 774
4000 Ukn Rap Tr 7s 78T 7SHi 78 Vj
17000 Bordeaux 6s .lOonj jflosj 100-
1000 Can Gt 6s '21 98'i 98U 98'4
6000 do '26 .. 97- 97H 97
1000 do '31 . . 97T4 97T 97T
2000Cent l.thr 6s. 96'i 96H 96ii
20000 Chile 6s . . . 8Hj Sllj, 81V4
1000C & O cv 4ViS. 78 78 78
6000 do 63 ... . 84 IU 84',
4200OChl R & Q 4s. 95Vb !3'-, 95'a
2000 C M& St Pcv4s 75i 75, 75,
9000 Col & Sou -Is 88 88 88
'.'OOOOCty of Paris 6s 98' 98', 98'
lnno Cunib Tel 6s. 93'i 93'3 93Vj
I30O0O Knh Rep S'ts.ini'i. 101 104'-
2000 Hud & M In 5m 16 16-i4 la,
2000 Indiana Stl 5s 96 16 96
loooo Inierb M 4's. inv- in in
jinioii inter M ai
General Asphalt Issues Score Widely to New High Rec
ord Prices Tonopah-Behnont Develops Momen
tum and Makes Gain
Trading on the Philadelphia Stock Exchange today was on a larger
scale than has been recorded since the beslnnlns of the year, nnd the activity
and strength of a few leaders caused strength for nearly everything else
that nppared.
I.ako Superior Corporation attracted more Interest than any olhcr,home
Issue, becoming unusually active nnd advancing us much ns 1 points to
IS-, while the Oencral Asphalt Issues continued to show further activity
nnd strength. As was the case yesterday, the preferred gained more momen
tum than the common and moved up 26 points to a new top record of 94&,
whllo the common, on a moderate turnover, gained more than 1 point to B7U
Sllght recessions occurred after the high levels were reached, but there was
no Indication of weakness. , ' '
There was no news forthcoming to explain Superior's spurt, but the fact
that President Cunnltlgham returned recently from an inspection trip to the
company's steel plnnt at "Soo" was thought In some quarters to have been
responsible, His reports, on his return, were very encouraging as to the earn
ings' outlook and many traders have pointed out that, with good prospects
ahead, the price had been too low for some time.
Rapid Transit certificates developed fair activity hut were lower, Tono-pah-Bclmont
came out a little hjgher, but a large block sold at the previous
dosing price, while Philadelphia Electric held fairly steady and unchanged
on n good-sized turnover. Eectrlc Storage Battery was one of the few
Issues that declined. It lost 1 point, while United tins Improvement yielded
'i and Union Traction V,.
Ralls were firm, Pennsylvania advancing to 45 '4, Reading gaining nearly
1 point ex dividend, I.ehlgh Vulley Vt and Baltimore and Ohio 2 points. Their
rally followed closely that demonstrated on the big board.
Steel common was slow, but lower.
In tho bond division the activity of Lake Superior Income 53 and Thlla.
delphla Electric first 6s attracted most attention.
P. II R. and C. V. to Consolidate
( In connection with the last meeting of the board of directors of the
I Pennsylvania Railroad Company the following announcement is made:
I "As a further step toward consolidating the Pennsylvania Railroad sys
tem and simplifying its corporate organization, decision has been reached
to effect tho complete absorption by the Pennsylvania. Railroad Company
of the Cumberland Valley Railroad. This will be done 'by transferring to
the parent corporation direct ownership of the entire property and franchises
of tho Cumberland Valley Railroad, including all of Us rail lines and
equipment, as well as tho leases held by it. When the merger has been
completed the affairs of the Cumberland 'alley Railroad Company will be
wound up and Its corporate existence ended.
"The stockholders of tho Pennsylvania Railroad Company will be asked
to ratify tho merger at the annual meeting in Philadelphia m March i, 1919.
Tor the purpose of ratification by the stockholders of tho Cumberland Valley
Railroad Company a special meeting will be held at Chambersburg. Pa., In tho
near future."
6s. 97". 07. 07
Sm.Sijh'Bo'nd H.- &l.;ii.M.Jn ftfr Guarantee Trust Reduces Dividend
lanrofi r v.-,.
John R uUz,y
Jr',-r",i.P' Wl.lnun
- 'nu.ri
Uodfrey R. rtumunn
John E. Hanlfen
A. Raymond ruff
iMuard C t!hmljhlfr
Harry A P'lth John R Goehrln
At a mMtln or the Directors heia im,
day, the follow lnc Mlctrs tir unammoush
rt-elected:
EDWARD A. SrH.MIDT rrejct
LJNl-'OHD C. NICK Vice President.
JAMES iioolin AnlMi.inl t-amr
FRANK YARKICK A'Slsunt cishltr
RUBY R VAI.H. Solicitor
FRANK H. MASSUY. Notary.
L1NFURO C. NICE.
fhier
-Fair anil
firmer.
knn.
rrlrfnt .
Montana nnd Unmln loll rlouilj
tonltht and ITidKM rolilrr !"rlda.
Ilhldrndi
COMMKKCIAI. TKCVT lOMIWNV
PhlUdflrhu January 23 loin
At a mllnB ot lh board of iir.i-iors
hld this da. a quirlprh dittdmd nf fmjr
tit per cnt wan drlarjd on th 'arital
tock of tho romran rable on February
1, 1910. in shar.hol.lprs "f riur.l on lh'.
,Ust Instant
Jacclta will b mailed
V H. W STBHFEST Treaiurej
IIAMIITON TIII--T CC)m1,A
40,'ft nnd M.irkft stu
PhllailelphU. January 0 loin
The Hoard of Dire, tors h-.M ihi !., .1
niirj iiuaii.il.' iiiiiiipiia ni ;- is:
(blraeii .Ian 2J Kluctuatlons 111 Hie
corn market today were more err.itl''
than for some time, breaks and rallies
following ill quick sucLefsion
.-.,tnrpil frpelv on declines and
n iiiHrc tinrl Tiurchaslnc orders on all
dUM Trade v,aa mixtd. .mil brokers
viere nervous
The start was lower on creater sill
ing bv commission houces. but on the
drop restlnc orders lo"huy were .neouiit
eivd nnd there was a rapid recovery.
This upturn attracted Increased sell-
t,v local Interests ann uuiim"uh.'i
t II CO t;. M O"
lrk. .Ian -3 Tho Mihtly ilo KanVlVx l
ciiinniir pt-tiii-nu k tn.. ... Miuir,i.. ii....m. .. j
....t. ... -- ..... iu Hiiiiuiii 1 li, t'lic-vunu i JVIIIU . i "M
,,.i, , . 1 ." ,'"-vpI,d ''" ooiKlliions do pref CO'..
00111 111 this i-nuiilri tin, 1 .,K.-n..i .. Vnt A.-ni "n
Nfn
l.irser
strleted the
49'4
eiitlv tl.iitifi.wi 1,, t.A ..
market ami. fi,;,,lE irreC.ilar one I
"K Willi priceH 5 points btKher to 5
Shorts I'"'"'" lower, the market turned early
opimls- , re.nunic V) points to the first fifteen
minutes.
Liverpool
w hile local
Inn
was vwak
the
boi-
ii-
.f
The
' .. 1 !. .r.Ap ihfiV
hare) on the apltal tn k of this company. ' -i however, showed more stability
pilfAuip irnruiir,, 11,1'j. ..,...-. --
hard
irunr., ii.iu.
AHRAI1A.V1 t'VI.K Serrtarv
Financial Briefs
John R. McCune. president of the
Union National Hank, has hten made
president of the Pittsburgh Clcanmr
Ho'ise. succeedinK R. B Mfloti who
has served three .vears William JicK
Reed, of the Columbia National Bank
William Price of the Diamond National
Bank, and Mr Mellon of the Me'lon
National, are the new members of the
clearing house committee W v j, .
Candless was rr.elected secretary and
treasurer of the clearing nous...
The New York Stock Kxchange has
admitted to the list the following se
curities: Pierce Oil Corporation J75n"
000 (30,000 shares) additional stock
making the total listed J19.130 "oO :
Veyman-Bniion Companj, JI.Im'i'ooo
nddltlonal common stock, mnkine thn to
tal listed Jo.li:4,nnn, Brooklvn Kdison
'.Company $19 noonoo common stock
which Is to be Issues in exchange of
the common stock of convertible of the
Kings County Klectric Light and Power
Company, winch company rec-ntlv
changed its name to the Brooklyn Kdi
ton Company, and Sr'outh Porto Rico
Sugar Company Jl 005.000 addltlca! S
per cent accumulated preferred maklm
a total of J5.000 000 ' ,MMn
The Western Cnlon Telegraph Com
pany reports for nctober total opratlne
revenues of JS.202 04G against 57 464 -665
the same month last year The In
creaseMs $738,281. Net decreased $138 .
161. Ten months' total operating
revenues were 17l.782.8S3. a gain of
$8,311,345. with net for the period de
creasing $3.536,:0!j
Stockholders of Procter & Gamble
have been offered tho privilege of sub
scribing to $3,793,500 of new stock at
$300 a share, In the ratio of one share
for every four shares held on Febru
ary i.
The New York Subtrea
$333,000 from the banks yesterd
lng a casn nei cyain since.
$2,304,000.
LOCAL MINING STOCKS
TONOPAH stocks
lnrs and tile tone laicr
Jul suffering the most
V-i.aru ,;tj .1 recovery from
torn, but the confidence of the bulls
peared to be shaken
....... ..-.uit-a nn renorts of sales
m.i'nn'n 1,'nshels for export nt an outside
they naa neen nf
market, ho1
than corn
1. kaiira were sellers on
spot's? while local shorts took profits on
the breaks
lndtni tuiures raneed iohos
lorn mtwu'ii'f 'T
1 27 1 2:14
1 22 1 2I'4
Fb .
Mav
Oat a
Tel.
May .
Lard
t-in
Ma
Ribs
Ian
Mav
Pork --
Mav
P' I
Low
1 2"!
1 21
Ytt
flos t losa
1 21)i4 1 '.!'
1 J3' 1 2 I
was the principle buver.
:im Bnitili,,... . .111
ii,., ... ii , ...""""." "5 k more
.......,,.,,,,. I,,,, oi'iuano ,iapaiiee in
terests wen. also credited will, selling
The market was extremelv weak and
(Unsettled durlnc the inoriiiiiir The le
icIIiih was mmneniarilv checked at the
' Jl'T'l ",U'' '," M"r,-h ,,y '"'"ring ,
trade buMng, but the demand was so,,,,
filled by a continuation of more or less
general selhr,,? Prk.s th.n broke even
more rapidly. w, Mar,.h ,.,, rf
.. ...,, ,,1 niore tnan
inrht's rloe
The trade huv hib which Pad been in
a 'he --.cent lev, fo"
Mav yesterday, was Miking this mnrnliur
and that delivery broke to 21 5 ,"r 0
'points helmv last i,lK,t's dose
. u rccupia at th,
urn estimated a
i K'.iiiO bales a vi
1 a Jeur ;in
91
S
12
cmt under last
ports for the d.,i
1.000 bales. in-.,it,.'
ek ago and lS.fir.T i.ni...
f,4
m1,
1
..
21 17
23 II
24 -7
21 ti".
v
a;-i
14 VI
JT 7
21 OT
21 17
21 'V
21 1.7
44 21
20 30
H2'
04
23 17
23 12
23 S7
21 n:
14 VI
20 I'.O
03 '
Ml'.
2.1 211
23 32
tt 1111
211 r,"
I
I Januarv
1 Jlar. h
1 Ma
IV ohr
1 30
: .in
V.st Ted., s in .10 11 .in
-l .-. 21 12 "o n-. "11 T-. ..,. 4 . r.i .V.'
i'i;i, 111 -I-. .- t.. .. r: .'' -"
" . - ., 1;, a.
I
-.(
LIVUSTOCK QUOTATION?
rhl. inn .Ian 23 llOdS lte elpls .2 -nnn
head 'al. to .V lm.rr with elrr
a,?, averan- milk tlT 1 17 7 he.nv
2SteS.?i 517 70 0 IT medium and llslit
?X)eh.rI $17 S-.fJ IT 7:. llBh' FO.l to
hytrhers. ' '"' .. ..,. Ill", VI
o ?T mVdlvim and mixed paiktns Jlrt
' T-ATTllu -RK-e'iptH t'l 000 hrodl ffceli e
.ers stradv, othirs and t"it'hr sto. k nl-iiv
?n tower Calve- 2V to 10e lo.er lee;fr.
teidv Beef cattle, sor.l choice nd prime
I llil 4nsn "wr."" and ra'dium ? .3
l" 10 butchers heifers I'.IVI 14 W. eo s
7"a0 14 stockers and feeders, ci.nd. chole.
"-a" f.ncv Sto 73 14 21. -nferlor eotimon
Jnrl Slum ! 10 71 Clv 111 7ir
'"iiHBEP Recelnte 14 000 head Strone
,'l.v'hlRher
19 I 1 10 t
Inrrea-e in ;inneil Collon
llanhlnpiiiN 1, ..
bureau in a r.,. '.ssueo dav 'p,',',
cron oT I', iV'V"",1--1"" frmn Krow,
ll.Oal 845 bales L-nunt ng round as hilf
bales compared with 10 570 733 , lei
in 1918 and 11.137 712 bales ,, 1917
i.'-i'r 7: m r?1"1 h:,l'- ln'"","J '
l.,.r ..t V... ..I.-.. ','".'" ".' .'. ..vmil-
...... ,.ao "' "aies included
, . - against s,840
.tiKi 1 1 1.1 . iiaien m 1117
.vmenran e.Evptian tl.llrs,
Viar Is 21 SG" bales
Nat Con & I aid IB
Nat Knam&Mp. 1 Si
Nat lA-.Ld . . 117'Jl
Nev Con Copper K
Niw orl T & M. 32'
N V Central 72
N V N II fc II. 301.
N V Out & V.
Norf & West
Northern Pac
Oklith P & It
Ohio (ias
f.u- Tel & Tel 22 '4
i'an-Am pel . R7'8
do pri f lis
Pei n R R 4..
Pere Mariuette 13a,
Pitts & West . 36 4
Pierce Arrow . 39
tlo pref 102
Pierce Oil 17 '4
Pusrfd Stl Car. 63's
l.wy stl Spring
Ray ''on Cop
Reading
do 1st pref
Rep I & S
Itoval Dutch
Saxon Motors
St I, S !'
Sf ars Roeblli k
Seaboard A I.
Shattuik Ariz
S neMIr Oil
Southern I'.u
Southern R R
do nref
Standard Mlllg.125
Stromberg Carl 38 '-
15
4':
07
lfi,
32',
71'--
301, iSa
19 lfi
101'. 10 1.
SO'..
s
II 7.
22'.
K7'
:oa
7S,
HT.
175',
7'i
I2'
33 7,
9 SI,
27'.
68
Studebaker
Stulz Motors
Sup SUel
Texas & Par
Txas Co
do rts .
Toh Products
Transue Wlms
Twin City It T
I'nlon Pacific
Cult Clg Strs
I'
18
32 '.
32
ISO
16-,
75
37",
41'-127
HI
Mil!
Ill C'lH
Number of
IncliidiU U1I3
118
II",
13'4
102
17
62',
71 '
20
77 '4
39
72 '.
73
7'
IPs
' 7
12
33'u
96.
26
08
125
17,
32',
31
186 1, j
16S,
74'4
37 rs
41'-
U'5.'
112
53
159
Sequo.vah
, t , .-.iiiiiitir ... ...
ii- T x. Island Oil . .
hi -Mi; '.lenrorck Oil . .
'-J MINI Mi
"' - Atlanta
, lllg Ledge ....
' Unite New York
' Con Allz
, 's ' V S & .lerom.. . .
-1- , ' First National
-P. Coldlleld Merger . .
'i , llnlilllrld Coljs .
'Joldti.-ld Plorente . .
I , 1 loldtteld Kewanar
'n 1 ilreen Monster . .
, Ilecl.t Mining ..
f- '4 Howe Sound . . .
'- ' Independence Lead
1 Jerome Verde
'4 .Hill Butler . .
7, .liimbo extension .
-e i4 McKiiiley Parragh.
T .-., Magma Copper
Mother Lode . ...
,. 1, . Mines C of America
.,. 0. Nevada Hill:-
3 1 Nevada Wonder
.. 4 i Nlplsslng
a" Ohio Copper
"ti Ray Hercules . . .
", San Toy . .
1 Toiiojiah Kxtenlon
1 rtlltrd Verde. .
3" Wist Hud Con... .
. ," . While Caps . .
1 Yerlnglon . .
15
IR'a
:
i'
i',7'1"
29 ,
19
lot Vj
89',
S''
42
22'4
67'
118
45
13,
35-
39,
102
"J.
63
71 's
201,
77s4
39
I..
. 23 :
3i
STOCKS
t'i
7 '4
3 7,
7'
3'.
"K '
Pi l't
11
I''
p;
374
35
13
43
2
32
S4
P4
32 -..
Pi
13
I
4'4
4'
3
I..
37
If.
49
29
34
1
r,
7S
S'-3,"
I5
33 'i
1A
36
13
176000 do cv 4s . .93 60 93.30 03.50 1
38000 do 1st 4s . 93.90 93.60 93.60
1001000 do 4 "4S . . 95.84 95.54 95.82 '
I 25O0O do1st4'4s. 95.90 95.60 03.60
570000 do 2d 4,'is 94.88 94.74 9171
1178000 do 4th 4 '4s 94.80 fl.tiii !..f,o
17000 Lyons s . .,.I'W, lnoe, loo',
I 11000 Leh Val rt 61 Of, nun, 10 Pi
1 18000 Marseilles 6s. 100 4 loo ', 100".
SOOOMldvale 5s ... 87 87 S7
30000 Mo P W L 5s'26 90 no 00
20000 do gen 4s... 60 59' 60
toon Neve o T&M 6s 967, .,574 ;it,t,
HO0O N V C & H Is. 83 82-1, 83
3000 do 6s 98 's 08 a, 981,
1000N Y Tel g 4',s. 89'2 Sni S9'j
1000 Norf & Sou Ss 68 68 68
, 5000 Penna 4s 1918. 86'j 86U 86'-
23000 elo Bll t Ps 87U 87',- 87'i
118000 do 3s '68 . 96', 157. n57;
1 000 Sinclair Oil 7s 96 or, fifi '
2000 South Rwy 4s. 66 66 r,C, ,
1000 do 3s 01 91Ts SI'i
1000 Texas Co 6s.. 101 lop, Kip.,
3000C s Rubber Bs 86- 86'4 86'4
39000 do 7s 1031J 103 10:r,
' 31000 I'SSteel s f Ss.lOO 097, 100 ,
1 1000 Cnlon Pac .s 87'- 87'- 87'!
5000 do 6s 104 104 101 " ,
2000 UK of C, U & I I
5'is 1919.. .100 100 100
265000 elo 5'ijS new
1919 .. .loo', ions, inoi..
7000 do 5' s '21.. 98'i 08'4 98
8000 do j'ss '37. 10OI- ioo'n 100'..
SOOOVa Rvv.vs 5s . 92', 92'i 92'I
The Guarantee Trust and Safe Deposit Compan.v , by declaring a semi
annual dividend of .! per cent, payable February 10 to stock of record Jan
uary 31, has reeluced the rate, previous payments for some time having been
at the rate of fi pefeent semiannually.
The company has had u good jcar. Its earnings being well up to those
of the past, hut It was considered that a 6 per cent dividend per annum would
be a more conservative rate1. The sum of $200,000 has now been written off
surplus account in readjustment of valuation and building and the establish
ment of a $123,000 depreciation fund.
The surplus is now $100,000 and capital $1,000,000. The book value of the
slock December 31, 1918, was $152 a share. From September 21 to December
31, 191S, deposits Increased by $1,200,000 and now amount, not Including Gov
ernment deposits, to about $7.fi00,U0U.
The annual meeting will be held Februarj li.'
PHILADELPHIA MARKETS
4
2 28
J. -
No
No.
n ;," "Vkers. ftfl'J"
' sinEP AND LAMBS
S HOOS Receipts
Heavies I17 75fjls
si 10. nani vomers
Receipts
hrep. Ill 10.
500
tup
rlttbiirlth. Jl'
jvio head -'".
hi. ,a staay v
Top ilO
-ini- MO hart Slo-v CiUm rvptrti.
-fiThMd Fifty -rl lfr. nMH.in
n!.'1'- .v. ..
l".j y iijiU
urn .
nral marKet -Jini'i" i"-..
JTV P.imni mix'" i7 , inijMitn tV,.r... ...
ay. man- ItSwis w. ns U0 n ..
J-rlday of 5hi:ep AND lamhs nremu 4io
head Lambs eari-r hmH. ll?il
others unrhrte.i i
Collon lliivers anil hellers
New York. Ian 23 Januarv Powns
and Rufell bid. Cone offered
March Stembacher Rountree and
Newman bid. R Hubbard. Parrot t
Hartcorn and Young offered
l.ldal'"T:;e,.r,''",J''?!:1"2,,' un,i uwfu
rrAnM.rin Hubh!"''. riussell and
'if-ran f'ffered
'"lv Rotts. bid , Deacon offered
hi,rt"n.';;rM,;;',"Ll- "'-" and I deer
bid, IIniin offered
Livernool Cotton
l.lirrponl, Jan 23 .pot cotton was
quiet today with prices 'steady on th.
basis of an advanr,. of two nolnts t r
middling, old contract, at 18 ojei ; al"R
were lnno bales Re.eipts weie looo
bales, none American Futures were
eiule; but st.ady. Spot prices were
American, middling fair 10.33d cood
middling ISSSd. middling 18 02d; love
middling. I6 07d. good ordinary u.tsd
and ordinary II 'i2d
I'nit IV 1st Pf 53
Pint Fruil .159
t'nlt Ry Invest 8'-.
do pref . 17 4
V S express '8
C S Ind Alcohol O1)
V S Ind Al pr ion
I' - Realty 26
I' S Rubfier 75'-
C Rub 1st priori, jooa.
l ; siee! .oi", sy
do pr 114 s,
I'tah Copper 70
Ptah Sec Corp 15'4
Va far Chem 517,
Wabash . . Sin
Wabash pr A 32 '4
Wabash pr U 19H
Wells Fargo K 66';
West Maryland im
W.s'chre Mfg. 40
White Motors 4 5',
Wllbp.Ovvrld 23 '4
Wilson Co . . 68
Wise on Cent . . 31
Woolw-orth 125
Wth Pmp ft M
do prel H.
54
67 'v
16
18
97'.
100
251,
I
11C
63
14
51 ,
19
66'..
11
40
45'.
23.
58
31
125
12
33
68
125
17,
32 7,
32,
187
liV
7I'4
37
IH-
126.1,
112
53
159
SU
17'4
18
99
Hethlehein 7s
Coden Oil 6s ...
Cosden ft Co 6S .
Cudahy 7s . .
Russian C.ov 5'js
Russian fiov 6'-s
Southern Railway
Inclalr Oil 6s
no mis
notes. . lot
86
88
102
56
. 611
Es 9S'-
35
1J,
Todd Shipbuilding 6s 104
101 li
90
92
192 1,3
58
61
99
90
107
14
59
MONKY-l.KNl)lNG KATES
.NKW YORK. Money on call, mixed
collaterial, opened today at 5 per cent
for lending nnd renewing On all In
dustrial collateral the opening rato was
S'.s per cent
Tho mni'fii- ,,,!i,-!.et Irttl.v wit not
changed In the slightest particular as lo nata quahtv and loratlon. at $1 tsTfl
OATS-llrrelpts. l.n.el. Pernand
r, a llfttT HtO TiriCr lUllIIV,
We nuole I'.lr InlB. IIS lo location
GRAIN AND l'LOUP.
VV nn VT llerelpts. 03 ll.".5 bushel" The
i."k!tA7ule,i,rnrn. will' IWhi oe r n"
ejuetatl. ns w.re Car lots In export j Jej
tnr. tiMernm nt rtandins lnpee Inn. si.infl
nrd nrl.-s-N.. 1 r-;l wdnler - ",,..
northern prlnB $2 all No ''."," j.. 57,
2 33. No 1 red v.lnt.r, wrll'kv. -';;
Nn t red smutH 12 3. " -$. 'n 2
f.oi,. o :i ron . a" .-" .. .-.
.". r.a' vn 1 unmttv 12 27. No.
,,,r.. ' u,i,ll, X'J '2ft So 5 red,
r. ...Vtiekv. S2 "0. Nn .. smutty
7,', cirilckv. snmlly. 12 2
COHN neeelptH. . bushels
.. i . ...... iAu Ara li HnAllf
was Hum ii ii; i"" n... .-- . ,.,,
tar iua ' ,'V7; .- ' '
vi
vyuna roosters. 23W-J7e. old rno.ters. 20
Jle. duel,,. Trk n. 3SW40c. do, Indian nun.
";; "'.""e Beese. 32r:)Bc! turkev,' 34
'-.' :."""",' '""ns !"-r pair Weluhlnu 1H
.lOe-n-'M n,?lc"- injri r,n. .mailer sizes
OjVfMl. KUlnras old. wr pair nOrfrll; pt"
P?.lr.' :"m4,,7 rilr' 4"flVK Jo' oun-' 5r
rmi-IKSUI) POL I.TRy The general mar.
t1 nulet. with no IrnroPtantehaifge.
In prlrrs. Suppli.s were ample The nun
ne?hv" 1.r?4?o a,llowe . 'r'irkes. fat!"",
ileil -J4,7"0, rto' 'ern, fancy, 43S'
li ..'I''' ".'r " KOO.I. asW42C. do. common.
.;"ia..e, old turns. 3S4l)e: old hen. Mi
foe-Is frrBh killed In hoe. welchlnr
ancl over anli.e. 3.1c. weighing 4
alVae. smaller sljes. 2S(?32o
fowls. In hbls . fancv drv.
4le.
4-i
lh" apiece.
iresn-KIIled
lh
penmul
wealeer
rates or condition
Call funds were quoted at 5151- per
cent and money for mixed dates was
nominal In every respect at 64fi5'
pcr cent for periods of sixty days lo
l four months.
The demand for choice short mercan
tile paper is still greater than the sup
ply at 5'4i5'j. per cent, and there Is
an occasional transaction at 5 percent.
Prime bunk acceptances rule moder
ately active and unchanged at 4t ft
4'4 per cent for prime member bills nnd
IN'tilVn per cent for prime nonniem-
ners.
.vbs.
-Vn 2
77f77lne:
. ... t ci-s'c... iinii, nrii tenuis
niie. ? " l:.' -:":"- "...i.r.i 741.
Nn ,1 Millie 71101 ni'ir, .-.u -.
'"iLOl'Te - Iterelpls 930(112 '.'rtr'ei,
sacks The market dull with IT -es
imsM'Ird Huvers IrieHert eonfl. I'"' :
lowing ere the i.io.allon-Tn arrive, per U(
t'rt
rv-r. m.s. ... " j'iK-trr. ,,
to Tii'nn.rti. n. "'"rny .'.
tin. l'nun etenlhl S1( LTlllWr 1" .. .
Jho; ,.";'V,Vn.. i ..tr U: .nrlng, short im..
ent. in 60(7 Kino. do. patrol lio 4a"riu ...
do,!'"! el.nr. in.SOiftO 71. . ,..
iiiri H.111 li vm -riuu nn " '"'' '
i: DISCREDITS LIVESTOCK FIGURES
Call loans on prime tank acceptances nuote 'nt 's 7-iW'i. to rer barrel in sarks. ns
aro unchanged at 4's per cent.
to quality
-,
PIIII.ADLI.PIIIA Call, 6 per cent;
time. 5i(ij6 per cent. Commercial
, p.'pcr, three to six months, 5fjG per
cent ; six months, 6 per cent.
PROVISIONS
LONDON Money Is quoted at
cent 1'lsiount rates, Fhort and
months bills, 3 17-J2 per cent.
3 per
three
100
4- '
25 m
51
67
100.1,
90
114
70
16
51
8 14,
32 'i
19'-
66 'i
11
40 34
45
23
68
31
25
54
67'-
s
rOREIGN EXCHANGE
New Vorli, Jan 23. A feature of a
dull lorelgn exchange market In the
1
- I
'
e 1
1
Jim Butler . ,
MaeNatnara . ...
Mlsptb Extension
Montarui ....
North Str
necue Eula
W End
OOLpriELD STOCKS
Atlanta. .
niu Bull
Booth
Dlamonddeld B II ...
Daisy . .
Ktwanas
Oro .
Spearhead
Silver Pick .
MISCELLANEOUS
Arizona. United
Nevada Wonder
Teeopa. Mining . . . .
nid
34
2S
05
.13
oil
07
1A
04
02
IS
Oil
01
10
05
2.1
li
head Best
SOOO head 8tead
! 4outh Omaha. Jan 23 HOOS Receipts
"3 500 head Heavy hoss steadv 10c loner
.M 1 ""rX'TTLK-heeelpt- I'""
1 ktpflv cthTii fair
i7 SHEEP Kt.rt
Jilt Kan City. Jan 31 -HQHS-Ript
IjV no butrhTM $17 m-nunn. i!ht. 17
! if in nisi, tl."" I'
I . m !...,. I A u IliMl kiaifH U 1
n. ( AuJ-ri "r;1' ',T-T' ir'niit-,
" , ... ... iik'n "ii iifiiiinarn iai itw
'hlfaisie. Ili'o'ti ,,
03 i Prime ster- ''
,i 13 eovs li n 14 vn
nJlc-ilvMi. 7?14
! . siiKr.P- neer'H
M7 Lambs. 13'U1MI
no1iher.. Vill VI
.IV I head
I St
"hMifers Jri4 .Vi
1O0 head SIKin.
vearllns 110ft 1 1 -,o
wes. srin :,o
on
! I
Flour Output Decreases
Minneapolis, Minn,, Jan. 23 Tho
Northwestern Miller says the Min
neapolis flour output last week decreased
22,300 barrels. The mills made, during
the week ended January 18, 274,965 bar.
rel. against 233,925 the same week In
1918.
Extend Special Kales to Southwest
watiimfion, ian, ;j, special rates on ,,,,
feedstuff a to drouBht and storm-ridden ' j,,,,
sections of the southwest were ordered September
extended today by the rallroid admln-l Ueeemlier
Utrailon from January 25 to March 1. 'HU.
NET VORK COFFEE MARKET
evv VnrU. Jan. 23. An e-asler under
tone developed In the market for cotfee
futures this morninsr and on the call
prices were 6 to 15 points below the
previous closing figures
A broker connected with a leading
Wall street house sold May from 13.66c
down to 13 53c
After the opening decline the market
became a dull affair with little or no
business doing the market around mid
lav helne virtually bore of orders either
way traders being disposed to await
further rteveiopments
Teeterdaj sTodav s
DIVIDENDS DECLARED
Standa-d Mllllnir Tempinv quarterly nt
IS per rent on prefern.l and 2 per rent
on eommnn pavahl. iRlruiri 2 to s'nrk of
record Penruar. I1
Hutler Hrothers quarterly of 2S per cent
and an extra divided of 4 per cent
' Philadelphia VVarehniie I'nmpanv semi
annual of 3 per cent paeahlo Kehrua'ry 1 as
registered Jan'iarv 2' Hooks do not close
! commercial Truet Cnmpanj. quarter! of
, I per eent paeal.le IVLnurv 1 to stocK.
I holders of record January 31.
Weetamn. Mills, or Fall rtlver. Mass.
quarterly of ' p.vshii IVhruary 1 to slock
,,f nrnrd Januarj 22
t'nited Power and 1 'ansport itlon Vnm
pane a dlvldind nf -,u .-enta tor share
paiahle Januarv SI to .stockholders nf rer.
ord Januarv 14
e.arton. Williams L U,rn,ore. quirterh
of II. payable Krhruan. 15 to stork of rec
ord Kebruarv 1 ,
IJreene.Cananea Topper e-ompanj a divi
dend of 11 50 for the quarter, pavahle j.,.
rua 21 to stock of record Pehruary 7
Close
$13.40
12.24
13.14
12.07
Openlnc
Mil 33
13.311
13.13
Greene Cananra Cuts Diviileml
eu , Vorle, Jan 23. The firrene
f'ananea ileclared a quarterly dividend
of 1 1.50 a share, payable February 21
to stock of record February 7. The
company started paying quarterly divi
dends of J2 a share In April, 1916
Alaska Parkers Pavs Extra
Neve York. Jan. 23 The Alaska
Packers' Association declared, nn extra
dividend of 25 per cent, payable In Lib.
erty Donds, February 10 learnings for
the ear ended December 31 and net
after charges and profit tax .was II 195,.
133, against 13,007,027 In 1917
Reserve Hanks' Discount Rates
np,cial discount rates at the twelve
Federal Reserve banks were ns follows
(The llrst column gives the rales for
all periods up to and lnciudlnc a fifteen,
day maturity, the second for a period
of slteen to ninety days The third
and fourth columns are the rates for
rediscounts of collateral loans secured
bv Kovernment bonds or notes 1
Boston
New York
Philadelphia
Cleveland .
Rl. hmond
Atlanta
Chlcak'o
St Louis
Mlnnvanollic
San Prarclsco
Kansas e;it
Pal'as
PHILA. INACTIVE STOCKS
Following are quotations for Inactive
slocks listed In the Philadelphia Stock
Kxchange and In which there were no
transactions today. The price given Is
the last previous sale:
Acme Tea Co 79 Hunt & H T. 10
Alliance Ins. 19',i Key Tel pf 50
Am Milling.. 10 Little Schuly 48
Am Hwj-b 4f. 66 ' Northern Cen 71
I Am Stores pf 90 North Penna. 91
l A G war -. 7'4 Penn Nat nk
City Statistician Claims Estimates
for This City Too Small
I'd ward J. Caitell, city statistician, to
day discredited the Pennsylvania Agri
culture Departments estimate of farm
horses and mules in Philadelphia Coun
ty at the end of last year The depart
ment Included In its estimate of live
stock on Pennsylvania farms 2134 horses
and forty-one mules for this countv.
These figures are very much too small.
In the oninlon of Doctor Cattell wlm
some time aco made a careful survev of early dealings today wns the wide ells
i livestock within the city limits crepancy in Swiss cables and cHecks and
3, The statistician said that his latest weakness In that class of exchange.
b! figures showed about 50,000 horses and Cobles were quoted at 4.85'; nml checks
,? 20,000 mules In Philadelphia County, nt 4. 89. Scandinavians were heavy, but
and that even with a liberal reduction ' F.ntelite exchanges held steady nnd lire
for animals of burden taken from this checks were slightly higher
cominupny tor w,n jiurpuses, anu al- wuotations were:
lowing for a normal Increase, thoso is- Demand sterling 4. 75'i, cables
' tlm.-ites were not far from correct m 4 7A sivtv.iin.- hnu ..o...i..ii..
.1-. l..nl.,nln r.S 10.IO TI,. 4 1...... .-.'" ,'. .V', '"''.,...-- ."".Mini,
III.- I', httiiwtie. .-... ,,r .isiiuume
Department s estimate Is for stock on
farms, but even granting a largo re
ductlon from Doctor Cattell's estimated
total for animals In other than farm
' service In the city, the statistician con
siders tho figures coming from Harris-
I burg as very much below what they
should be.
The State Department of Agriculture's
I p,ureau of statistics estimated live
stock on farms on January 1 as worth
J202. 650,477. against a total value on
January 1 of last year of $190,863,653.
Sheep and svvlne Increased 5 per cent
last year, according to the State's figures
173'-,. nlnety.day bills, 4 71 14.
Franc cables 5.45Vi, checks 5.45'.,
Lire cables 6.35. checks 6.36':
Ciullder cahles 42, checks 11.
Pesetas cables 20 15, checks 20 08.
Stockholm cables 28.70, checks 28.60.
Chrlstlanla cahles 27.90. checks 27.70.
Copenhagen cables 26 70, checks 26.50.
lluble currency was firmer on mod
erate dealings at 16'8 ft 16,.
Com'l paper Gov. paper
in m mi in m no
13 days das 15dasdavs
4 4'i 4 4'
4 4 4 4',
4 4, I 4',
V ' I'i
fl 4', 4'J
4'. I". I 4C,
ee 4'i
' Vi
4V, 4 !5 4 4',
4'4 ft i4 4'i
', . 4'4 4'i
44 4r.5 4 41
LOCAL MEAT MARKET
The followine report on the fresh meat
trade In Philadelphia is furnished hv the
local stock and meat office nf the Ilureau
of Markets, United States Department of
Agriculture:
KHERII BEEF Hecelpts liberal- market
very dragay. stale supplies belns rarriilrrd.
fresh receipts held steady, demand Itk'ht,
weather unfavorable
STEP.nf ItecelptB liberal, market dull
at 11727 demand lUht
COWS rteeelpts hc.nv. market barely
steady on aood rows at IIS fxjot ueak on
common kinds at 114W1M demand llxht.
VEAIr Hecelpts liberal, market weak and
unevenly lower at $14T22 demand poor
prirtK Hecelpts he.iv. market slow al
$20?l25. sappllea belnu Irnzep. demand poor
LAMB Hecelpts liberal, market dragey al
IHavfl. demand llcht
, Ml'TTON' llerelpts fairly liberal, market
dull at 113'J20. demand light
Oethtehem Me-ling TliU Afternoon
New Vork, Jan. 23 It was an
nounced at the eilllce of the Bethlehem
Steel Corporation at noon that, after a
short session the directors hael decided
BANK CLEARINGS
nank clearings today compared with cor
responding day last two vears.
tftlO mis 1017
Phlla .. fAI.AAl.OSn 112,72.972 140.7ln.242
N York 0-.7.I77. tin .vje.soo.an'i ,i3,.,i7,nno
Boston.. sH.nM.miii 37 iuit.kiu 31.77a.e1n
llaltlmors 14,250..(H H,on,704 J.,000,011.-.
Chicago. 03,432.I1S2 TOSI.33B 70.207.7.M
St. Louis 2S.I74.0S7 2.1,474. 42 20,111,770
Dank of England Statement
London, Jan. 23. The weekly state-
ment of the llink of England follows:
Total rrrerve 129,716.000, Increase (121,-
000; circulation 69 021,000, decrease
1677.000; bullion (80.287.000. tleerease
(257.000; other securities 79.011,000,
Increase 1155,000, other deposits 1126,-
573,000. Increase 1,776,000, public de-
posit (27,217.000. decrease 1951.000; gov-
ernrrent rerurltles 62.933,000. Increase
267,000. The proportion of the bank's
reserve to liabilities Is now 10.30- per
cent, against 19.14 per cent last week
and compares with a decline from 19.67
to 19.33 per cent this week last year.
1 Clearings through London banks for
1 the ueek were 473,530,000 against 458.-
j 680,000 last vveek and (103,780,000 this
week last year. 1
There was a fair Jabbing demand and the
market ruled stendv Quotations were as
fo'lows City beef in sets, smoked and air
dried 7c. wesiern beef. In sets, smoked
47: cltv beef, knuckles and t'B,lr,"1i.,I,!2,,it,'1
and alr-drled. 4Se: beef hams. J60; pork,
famllv. S4tifrMi; hams. P P. '''. 'onae.
SOU i'374c do skinned loose. 3IU4 37'4e:
do. do smoked 3SVe R9'4 c; other bams,
smoked, cltv cured, as to brand and aver
age. 3'i T3n",c: hams, smoked, western
ruc-d, n,'4 tfiWie: do, boiled, boneless, 52c;
picnic shoulders. K. P. cured loose. 20c: do.
smoked 30e. bellies. In plekle. loose. 33c!
breakfast bacon, cltv cured, 43c: bieakfast
bacon western cured. 43c: lard, vlistern,
refined, 21" sT'jde- lard, pure (Ity. kettls
rendered 2.1U 0c.
REFINED SUGARS
Prices were flrmlv held, with a moderate
demand on n basis ef dc for fine granulated.
DAIRY PRODUCTS
CHRF.SK The market ruled linn under
light offerings, but deinind was onlv mod
erate The following were the quotations
New York, whole-milk, fancy, held. 30; sue.
clsls higher, do. do. fair to good, fresh. 37r
37r. Wisconsin. w-Snie-mllk. fancy. SKc; do,
do fnlr In good. 3737'jr.
ni'TTKU The mirket rnntlnued weak
and prlns further tleellred 2e under a
light demand. Quotatlo-s. Solid-packed,
creamery, extras .Hie hlah.r-scorlng goods,
r,7ft1!le the latter for Jobbing sales: extra
flrsts .lllfr.Mc; ttrsts .VJB.ISe. seconds.
,-,n?.1lc Innry brands ef orlnta Jobbing lii
r.otn;e. fair to good. MIe
rrjrssl Fresh eggs viere n small supp
nnd st.adv with a fair nqulrv Quotation
Free eases, tuarbv Ore's. J10 30 per crate
current receipts JIO. 20 per ease, wealen
extra flrsts, Jill .10 per case Orsts. 81S.1IOW
10 "ft pr case, inferior lots lower, southern
lis OOHfls Oil ner ense: selectnl fresh Job
bing, at 7l72e per dozen.
POULTRY
I.IVB Fowls nnd spring chickens ruled
Arm and higher under llghtt offerings, but
demand vejs only mod-iate Ducks were
scarce and higher. Quotations Fowls, nc.
cording to else and quality, 20Im32o: broiling
chickens, fancy, snft.meated. weighing I",
n 'lbs apiece, 3,lfltlSc. spring chickens
soft. mealed, larger sins. 2SSI31c, staggy
No
71. ll
NEW YORK IJLTTKr. N) EGGS
New lerk. .1.111 23 HlTTUIl Lower and
I'SeoSr'1"" '-'.,iIS ,uhs Hlgber senr.
n7 .1.15? ,111c, exit, is. 5.1c n.ld ftrs's lilU C7i
Jle. siennds, 40'4 .11c Slate dalrv M
ale: Iml'atinn crenmery, 40f47c
EOCIS Weak. Becitpts 7732 eases Eg.
lr"-. "l " Kf 'H "rsts, OOfJOOUjc flrsta
frIsoI'"v"'.""-!rrl'-5,8''iL1-' "rile.. V 1. 45
Wise No. 2. .MlJf.ISc, checks, good 40IU.1OO!
eheck. under grade 43ff4sc, storage. 32W
?' . ?i "V1 CT?rb!'hJ,'in''r vvhltea, 70J
-- -. "i nun.", ,11 " inc 'pullet whiles
(Wflnie Paelflc coast whites, 7(ie veesterri
and souihern gathered white., n4Msc. Stat"
color, r.nfi
hennery brown, il.ltf one, 'mixed
F.XF.rl'TOH
CIIARTKRKI1 1866
Tltl'hTKF,
nrill JO. . . 20
Huff & Hus pf 10
Cambria Stl UB
Cataw 1st pf. 62
Catavv Id pf, 54
Cen Pas Ilys. 109
Con Trac N J 62
Corn lCx N IJ.3I5
war . . .277
Phlla El vv w 2'
Phlla & West 6
Rjvys Oen 2
Tono Mln ng. 21
L'nl rtwys pf, 14
Un Pass riys.160
West J & 8 S 13
lo aajourn ins meeuni, umu late tins Further Improvement in Helmed sugars
SfiSTn'ann'unMS ' Vrk. Jan. 53.-The refined sugar
?h.ndW!deSHrtter!n market shows some Improvement,
re m narv statement of uomesi u i"'i." l"""" nioueraie,
rtossibte that a n
earnings for 1918 also will be given out.
BAR SILVER
Commercial bar sll.rr vaa'hunlfd todae
In New York .at 11,01 Vs. unchained; In
l.jndon, at JSud. unchanitd.
I
but a better nemanu for export Is re
ported. Appiicauuus, 11 is said, are
now In the' hands of the sugar equallza-
inn board for lta approval for shlmneni.
of thu refined product to Greece, Norway.
Sweden n'ld. Portugal. Ilawa an uu-,
i...n,.r.l ot'G.055c J
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital $5,000,000
Surplus $16,000,000
Main Office:
325-331' Chestnut St.
43-53 S. Fourth St.
ADMINISTRATOR
Broad Street Office :
N, E. Cor. of
Broad and Chestnut Sts.
ISTHATOIU 1. ''
OUAKDL1M
pichen, seu.te ;7,e . welgh.ng 4'-7 lbs and
'"fr "Pleer 34Ve. weighing 4 lbs aptecft
'!',.,t','1"mal.L "lzcs' 2S.ioc. old roosters!
orj.pKked, pr roasting chickens, western,
Irj -picked In boxes, weighing S lbs. apiece.
.tie, weigh ng I Iha nnlecn ia ...t-kU.
lbs. ii piece. :uit 31c; w-.lghl'ns 2' S
apteio. 32H33c. rn.iRiini- chici,Ans
western. Ill bills., welghlns 4 lbs. and oeer
aplete 3ilc; weighing 3V, lbs. apiece, 34c,
welRhhu -"l tf3 lbs. api.ee, St 833c. broil
l.n.'v,.,.'l,'k''" wilRblng l's 2 lbs apiece,
4'r44c, ducks, western. 3Sf?40c, geese,
vvesi.rn choice 23iic. exceptional lots
higher, fair to good 20lr2So; squabs, per
d,:en. .while, weighing 11ST12 lbs. per
dozen. NiS2.i: white weighing 0V1O lh
Per dozen, 7t 7 .10; white, welghmg R lbs.
1."'r.',1';''". I'H"130. do do 7 los per dozen.
S4 ..oifl i; do ilo HWliV-z ih. per dozen.
534. dark II .10fi 2..10: small and No, 2.
' "2 (: trtjlnra.i sours ,irr pair, JIST 1 73;
old, 7.1CIJ1
FRESH FRUITS
Choice stork met with fair sale and val
ue, generally were well sustained, as follows-
Apples. New York, per bbl King.
J4..1IIS7S. llildwln, S4,r,llft7.30, Northern
Spy. l ,10Tr 7.1. Hllbnardston. tt?n.T..
llreenlng $417 2.1 Apples. Pennsylvania,
nnd Virginia, per bbl Hen Davis. $4..0ri,
Oann. s4 '.0 .10. Wlnesap, J7WS 0: pin.
pins. ilT7 .10. ptayman Wlnesap, J.lffR.50.
Vork Imperial. J4..10f 7 7.1. Home Ileauty.
fanc. 7fl s Apples, per "i-bush. basket.
40csl 2.1. do, per b'-'Sh. basket. $l(f2.
Apples, western, per Mx, J2W3 21. lemons,
per box s2rrf4. Oranges. Florida, per crate,
2 on fi. 1.111. do California per box. Jiffs.
Tangerines, Florida, per strap; sSffs.siv
nrapefrult. per box. $2..1oij.1 Cranberries
Jersey. p.-r bush, box, 13 luffi, do. do, per
bbl, S11fe22. ' Strawlnines Florida, per
qt . .Vofi ll.lc
VEGETABLES
Offerings were fairly liberal and prices of
potatnis, onions and cabbage were weaker
with demand onlv moderat. Qunetatlnnsi
IVhlte polatnes Kastern Shore, per bbi
Nn 1. f 3 1 3.73. No, 2, fSKts.Rn. White po.
tatoes. Je-sey per N -bushel basket No. 1.
s.VOIJl. No . r,oiililc White potatoes.
Pi-niisslranla, No. 1. per too lbs 12.20
2.10. While pjtatnes, wesleril, per 100 lbs..
tS.'.'tinS 30. d . New- York per 100 lbs,
Jl iniW-.'.-.o. (Sweet potatoes, Jersey, rer
basket No 1. also 1. 73, No 2, ll,2ft.
Sweet 1'otatoes Ivast.rn Shore, pcr T,bi
No 1, .1Wl N 2. 2,10(3..10. Swee. po.
tatoes. Ilelniviiri and Ala, stand, bushel-ham.
per.--No. 1. 12 1112 4(1- No s. .io1. no
Caliban. , Danish sird per ton JI3iff27i do
southern, mr hciM 1 1 7.1 r 2 2.1 Onions.
Ilnu pnr iiiii-u iM u 1 i ...ii,, .,;
$
I,
7
1
I ('Psi t-11V
U Aa$xV
ar
55n-
L ''Iki
Ti'ri i
JCeW