' -' "rV P1' - Tfm 'ftF'T ' 16 EVENING PUBLIC LEDGER PHILADELPHIA", FRIDAY, JANUARY 24 1919 t - , tfrlfrtflnftf it-'tK ur-; 1151 I i. A?: Ii) "i If You Know A Stock Which May Advance do you know how to ' profit by your knowl - edge, or do you lose 1 opportunities because you do not understand The General Rules of Trading? They are easy to learn. We will send you free a very in teresting vest pocket booklet which explains them in simple lanRUnRC and Rives easy examples. The market seldom if ever offered such brilliant chances. Get a copy at once without obligation. Write for booklet TU-437 JONES & BAKER SECURITIES Wldsntr ldf ., Philadelphia Phonei Dell, Walnut 1690 KtyHont, Race 2290 Nw fork l'lttbunh Chiraco Dirtct rriiatt Wlrtt Boiton FINANCIAL NEWSCLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS STOCK PRICES GENERALLY HIGHER IN ACTIVE NEW YORK MARKET New York Stocks Nciu York Bonds .Vilnius ilx Ailv 1 lu nifty ltlah lii'i 2 '3 Bethlehem Steel Dividend Action and Prospects of Eas- :UWiTe: "h - -. ,, - T 1 J mnci,?. UUIIl'ilU icr money itcsmctions unvo ucars to iovcr, and Bulls Force Advances l.nw 22 'a 71 ' 34 Net CIn"S irirff I'.'i .4 '."."il 1 38. t- '.s T.OW 3S Cloia High Points in Today's Financial News Good pains were recorded by mnny stocks on New York cxchanRC, due to several bullish factors. Bethlehem Steel dividend and indica tions of freer money were leading aids. Activity and strength marked Curb trading. Corn and oats dropped to new low level in Chicago. Cotton was irregular. Dullness continued in foreign exchange market. Extra dividends were announced by American Brass Company and Union Bag and Paper Company. First mortgage fi per cent bonds to the amount of 51,500,000 were bought fiom the Philadelphia Electric Company by local bankers. iiii.(.'hu!iiiiTK.. .tar, ni jsr vnem . imi Am Ilea Suu.ir 70 T ..ill vatl .... . 1 J ? ' ilo lire ... .101 a. Am ir & To. yi Am Iiruir Syn. Ill Am Cotton ull. 4IP. Am Hid.. l ,. u.- 'io prer. . . . . s;t .11 iijj Kit'. Mi'i 151,4 HI '4 THE OIL INDUSTRY on a Peace Basis Special letter on rcquetl F. S. SMITHERS & CO. iemlera A'eto Tork SJecfc Exch. 19 Nassau St.. New York The U. S. Government warm ccalnst the slock swindler. Consult your bank New YorK, Jan. LM Tho combination of bull deelopments which ero reported after the close vcstcnlny, Including not only tho declara tion of tho Bethlehem Steel dividend, but the news of tho cimpnlpn to brinff about easier money m.uket conditions, caused a Rcneral htnmpcdo of the bear forces, nnd covering of shorts was the order of tho day In all the Important issues traded In on the htock evclinnee. The most Important Influcnco vv.ii eerted by the prospects: of a change In the lo.m regulations Imposed by the banking Interests and stock exchange authorities, and when the announcement was made that the money pool committee would Issue a statement at 3:30 today it was at once assumed that unv change would be for the better and there was a general belief 'that the iitinoiiiiccmenl would lie of cither moderate modifications or a removal of .ill lestralnt. Stocks were in scant supply when concentrated biiing appeared nnd the natural icsiilt was advances ranging from 1 to 7 points all through the list. The greatest gain was made In the nil slocks, with .lelcau Petroleum ranging from 163ls to 171 4. United States Steel was dealt In mi n largo cjIp, moving up more than 2 points and crossing '.", and Bethlehem Steel "B" responded to tho dividend declaration with an advance of more than - points to 61. There was continued accumulation of Heading by important banking, interests and Southern lficiHo also reflected accumulation, moving up more than 1 point to above 0?. Marine preferred after sellin gat 101', advanced to 1044. Brooklyn Itnpld Transit was the only important rccptian to tho general display of strength falling 1 point in the early trading to tho new low record of 1934, recovering this loss later in tho day. Bonds were Irregular, with fourth Liberty 4is declining to 9)30 and then tallying to 94 f.4 Traction bonds were weak, but there was a better demand for railroad issues. IDS 19S 4 l 4i", i,i 34 1; .-.7 S9 ( 2 HP, 92, , 87"t 871 Idll-U lH2'j 2 117 C7 !i l'.8's 1.9 Ti 2 Hi 4G", 1J. tin's J 101, a, t 3s 1 ''. . . r,s, r.n-ii Ti r.'n.. tin, 2 iii.'i, m, 1, 19-, 2(1 1, Vs 19'j 1'1'j .. 1 r,:t' i.-i ', SALES BY LONGS SEND OILS AGAIN LEADERS JANUARY COTTON OFF IN OUTSIDE MARKET i , 32 H N 10(1 lj C'J'.i. r-1 47'S. H- T4 101 J 'a 9(lV2 (- '1 11 13 l'i ir.u " -.w i,t-L , , . , a,i 1 .4 o I "4 B Am Inl (Vint fit,. r.11. mil J. 1. Am left Kpe .. ?tili. nn l- .Tii. -u 7. Am l.lnsecd . 49S 1714 49? 1! do pref.. . . 911. s'l ili 4 2, Am 1.WO pr. ..13 J033. 103 2- 1 Am .Malt ... iia iij 1 ij .. m Smelting. 71. C'H.j 71 ',4 2?i I Am .Viiltlt if..lUB luii inn Am sum Tub .1112.1: imi; 102 a. Am Steel Kdry SOU 811 8U lia Am Tel & Toi.tiii inoi; loo. 4- .1111 louacco. . ,19S Am Wool .... ir, Am Writ Pa pf 34 Anncond.1 .... B9 Atchison yji, do pref .... 87 U ah a & w i..iti'ij do prof .... r,7 Baldwin li Co. 7(1 Halt & Ohio.. Bi'i Barrett Co llo', Batoiillas Mln. 1 Beth steel .... f.O Beth .Steel II. . CIH do S ) pr. ..102'' Brook U T. . 211 Booth Klsh Co. 19i. Burns Bros ..l.'.l', Bulterlck Co.. 1, 16 , 1G H Cal Petrol ... 251, 22i, .i, iji, do pref . .. 7oi, i.7'j 'i'iT4 4 2 Cal Packing Co .14 r1' r.l 4 , Canadian Pac lS'i', l.'.'C, U.91, - 2U ('fill Leather. :.9'.. M', f.9 tl'i ctri n de l'.iMn 31 'j ::i 'j :il i3 t ciiis x ih in . ;:, . Chl (It WeMeni 7!j do pref . . 2."B4 C M .'. ht P lf. 71i, ' It I A, Pu- t v 2:1-, do 0 i i pief 1.31 j Chile 1 'upper.. IS Chhm I'mi Cop. o3i, Col Fuel & lion ui'.ij Col !as A. Blec 421, Conl Can . . . 6'i, ('orn Products, 19 ' do ptcf .. ..102. Crurlblij Steel , fi" Cuba Cano Sug 2ti3 do prrf .... 7.".s4 rienvcr & H (5. 3', do pref .... 1; i(; lioinn Mines . . 12 l)( trolt 1M rts. ", Iiit Sot r.3i. Brie . ifii, do li l.f . Sill, n.ibtun-Wms . 29', (, en Mutoi do Us ... Ii Conilrleli II K. 1,1 liranilliv .Mln 7t' '!rt Nnrtli pref 921 do (ire Mil.s :is reenr .1 '.l n ( 'n 4 1 I M.iskell A. Bark 41 . Int Agrleul . I'M Insilr ( upper 4 S3'i 81 3 75 78 8H 95U 75N 100a 981, 97U 97T 107 77 i,i 83 95."i fi9' 9S C9' 8914 47'i r.o 33 97'j 99 78 i 102',, 91 83J4 81U 75 78 81i 95 U 75 100 98H 97U 97 107 77 U S3 1 j 95 MTi 79 78 98' C9 90 47 501, 51 1 7!j 23 70i5 23 l.lt 17 ?A', 3(1 12 t.9 17 102 5.1 23 75 3 .Mb 2i', 2S .123 1! 123 1 58 71 92 71 23 fi3 IS 33 ::c. G9J, IS 102 51 24 7a 3 0 12 53 K.U Jfiii 29 I I 1 t- 'i ' -i 1 I 11 lull 1000 Alas (lid cv Cs Her A 35 C52CMI0 Anclo.Pr 5k .. 97 'i 20000 Am Por Sec 6s 99 99 1000 Am Tel&Tel 5s 78 78 230(1 do 102 101 2000 Am Writ Pa 5s 91 91 11000 Atchison 4s.. 83 83 1000 Atl Co I.lno 4s 8.1 200(1 Halt & O 6s.. 82 11000 do 4s 7fi i.ooii ilo cv 4s. . 78 2000 Bfth Stl 6s '36 81 toon Braden Cop f.s 95 22000 llrk 11 T 7s. . 75 1000 Bordeaux Cs 100 25000 Can llov 5s '21 98 loon do 5s I9J0 . 97 40(1(1 do 5 19.11. . 97 S00II Chile Cop 7a 107 Kioo dies & O ls 77 11000 do cv 5s .... 83 200011 C H & (2 s . 95 12000 Chl Mil & SA. P ... rfd 4M . 70 10000 do ronv 5s . . 79 tOOOCol & So 4s 78 20000 Clt.v of Par 6s 98', 1000 Den & It Or 4s 09 17A00 His S Cor 5s 90 3000 Brie cv 4s H A 47 ir.nnn ,in s!..r n... 50 373000 l-'r Ilft 5S.H4-'4 i"i" iiV! 2(i00 II & M In 5s . 16 16 1C 12800H Interb Ml 4s 10J 39 39 40000 Inter Mer M Cs 99 98 98 2000 ICan Cy So 6s 81 S4 84 50(10 Baeleile flas 5s 99fi 99 99 910000 l.h Bond 3s98 9S 98.60 98.98 486000 do cv IK 93.40 93 SO 93.20 22000 do 1st 4s 9.1 GO 93 60 93.50 1910000 do 4s ....9359 9334 95.44 HiOOn do 1t 4s ,t5 8i 9.". 60 95.60 H.'i.noo do 2d l .94 78 94.40 94.64 32 40011(1 do 1th 4s 94 6(1 94 30 91.50 .1000 t.viins 6s 100 loo 100 IKinnl.ih VI icts 6101 lul 101 1(1(100 Mai-elllcs 6s .100 100 100 6000 Mn . St 1, Is 15 15 43 loni) Mo Pac V 1. f.s 1'ijr, ,. . SO', MOOn do gen I iln 1 100(1 NYC A: II 3s 71 100(1 ,o Is . 55 2001, ,lo 6 . 90 6000 N Y C Is pi;,s 'io i j .Minn do 4s 1930 . . 91 31100 N Y llv 3s 1.'l toon N Y T gti 4s 89 9000 Nor P.ic s . S4 20(10 Nor Pau 3s . 60 3niii) P.i 4s 1921. 97 S'looo p.i Ds litis . 96 1000 Pern Man) 5s 85 lonn pierce Oil 21 'it 2000 Pierce oil 20. 100 loo 100 noon Bending Is . 85 85 85 5000 San A&. IM" 65 ni'. 65 1000 Seal) A I, aj 5s 41 40 41?. 200(1 Sou p.ic cv 4s 8 4 8 4 8 4 3311011 do cv 5s.... 101 101 101 12000 ilo rfd Is . 8j.', SJ S2 bOOnn South llv Is 67 1.6 I'.T limn Ho 6 89 S1 () r.ni, 71 71 8 6 S5 98 98 901 90 91 91 1 1 13 89 89 81 XI 60 60 97', 97 96 96 85 85 91 9t Philadelphia Stocks 1 Net Cln,ft clise 19 T 70 2 16 if, bii ', a ? 99 3 27 14 IW T1 72 i" T.i3 66 1 60 .. 42 1 45 25 f 24 4- ' 70 79 1 2 .. a 87 97 97 601 100 72' U 92 2 8 .. S2 2 Net Close chge. 87 97 . ..,, . 3,l8,i I'w 23 Allla Ins. 19 19 100 Bald I.OC 70 70 100 Brio 16 16 7919 (Jen Asph 61 58 3913 do pref. 99 96 120 Ins fix A 27 27 8535 I.k Sup C 20 19 180 Lh Nav. 72 72 141 I.eh Val.. 66 66 30 Mlnehlll.. r.O'i 50 lOOMIdvalo.. 42 42 1117Penna Bit 45(i 45 381 PhllaBlec 25 21 695 PUT t fc 24 23 3 Ph Tract. 70 70 260 Heading.. 71 79 Kilo Ton Bel.. 2 2 100 Pr, Tract 37 37 162 U O I... 72 72 920 U S Steel 92 90 40VvarI&S 8 8 10 W Cramp 82 82 IIONDH . - . Blgh Low 14000 Am G.ia& Blec 5s 87 1000 City 4s 1945 ... 97 1000 do 4s 1941 ... 97 18000 Lake Sup tnc 6s.. 61 18000 Lei! Val Coal 6a.l00 14800 Mb Bonds 4th4B!I.CS 94.30 91.68 .06 10000 PhllaBlec 5s 96 93 91 1 PHILA. INACTIVE STOCKS Following are quotations for Inactive stocks llted In tho Philadelphia Stock Kxchnnga and In which there were no transactions today. Tho price given is tho last previous sale: Acme Tea Co 79 Hunt & B T. 10 Alllancn Ins. 19 Key Tel pf. . 50 Am Milling . 10 I.lttln Schuly. 18 Am Bwjs jif. 66 Northern Cen 7 4 Am Stoies pf 90 North Penna. 94 A (! war ... 7 Penn Nat Ilk Brill .1 (1 .. .20 war 277 Burr x. sus pf 40 j'hii.i 1:1 w w 2 Cambria Stl ..115 Phlla & West 6 Catavv 1st pf. 62 Ilvvys Oen .. 2 Cdtaw 2d pf 31 Tono Mining 2) Cen Pas Bys. 109 Bni Bwys pf. 11 Con True N .1 62 I'll Pass llsl50 Corn Bx .V B.313 West J & S S 45 1 61 100 $700,000,000 MORE FOR RAILROADS ASKED 123 1 1", Option Drops 60 Point?. With Standard Group Advances. ! KlMi,1, IVt ii 12 13 13 19 OILS A pamphl't i1,euln th OH Kr with lnterrstlnff statistic, resnrdlni; Standard Oils Oklahoma Producing Island Oil General Asphalt United Western Oil Stay b had on rcQnesl DUNHAM Ifa 43 Exchange Place, New Yorfc Later Months One Point Lower to 50 Higher Independents in Demand. Asphalts, at New High MR. HAAS lately of the Inccma Tax Department Washington, D. C INCOME TAX CONSULTANTS Specialists in preparing and flllns returns, auditing and clolnff books for cor porations, firms. Individ ual?, estates, trusts, etc. ramphVt rdral Incoms Tax Problems" aent on re quest HAAS & CARR Public Accountants 1'cnn.jlianU Iluilillnt "" '5 forAVrVjt tenu. Agent iniome Tax Department Philadelphia. Pa, New York Tele. Co. 7ir tnrij yriir (! Jhmdi of this Co tcill be retfermni prior to maturity by the Sinking Fund. u'iifi jiroilrfrs or ;iurrfknir of Lonrff lip to 110 and arrrued in, t treat M'c consider them moat nt'rnr. tive fit present prtre. retirnvig 5.ilJ on the ini rifmriif. Reed A. Morgan & Co. West End Trust lildg Phila Members of th Ph.la Stock ltch. vr COTTON nKI.T W HITHER TOMIITinSS Ne ork. Jan. SI. The fnllm.lnr 1'J; pernlurr. Mere rfcortlnl In tlie rulton l.fll ""Kn'SJ.'ntt'ind Na.ll.llle. 34! l'..r. snjllh SS (Ikl.ilinmn ( Itr nnil Mlnntil. 3S I llllf Rixk nnrl MempliW. 4il Mire,j.ort. lk hurt; nnil .mnU. 4 Mnnluomefj iin Ullmlnitton. 4fli Mn nlonlo. 48i (Irlran,. Inaroli. Hinr1etin .mil " ,annah. 3li ( nrpu, ( hrltl, 33l Jurkwm. illle. M, nnil T.inilM. II. , ,, ,. , There .01 Ineh of preelpllnllnn nl Memphis. Montromers. liisTl.toiJ nnil Satiunnuhi .111 ill Ml.iilllle "a.J, "". " .It at Jurknn,llle ami .IMI at Nllnilns ton, New Tork. Jan 24 -The.nUon marliet had a firm opening with January eon tracts CO points lower under the fln.il Ions lluuldatlon. hut later month! 1 point loer to 30 points higher on strong cables. Liverpool buying and ac tive covering b Wall Street shorts The temper of th trade seemed reac tionary. chieflv because of tho rapidity of the decline and not of any change in the character of tho news. There i.is heavy general selling on thi early break. The weakness of the spot month on the circulation of twent fe or thirtv notices doubtless increased the tiervoutness of longs in later de liveries , , January broke to 21(, making a ile cllno of 183 points Irom last night's price under the liquidation of the re maining l"ng Interest. Ther.. uas a. good deal of southern I selling In later months, with old i rop I deliveries Belling 10 to 60 points below ! last night's close, while October b'-oke , to ISOJf, or 20 points net! lower. The pressure then became less urgent land the market ralli.d 10 or 4'i points I from the lowest on covering I The receipts at the ports for the vveik 'are estimated lit 21000 bales, ngilnst ii ST.", hales a week ago; 14 SIT bales a do in rf .mn. I'lternl Paper . 3.". I4 dn pref Ma . C.2', Int M. l.el . . 27, K.uis i' So . , 1 T th Kelh -Spring . TBI; Kenne Copper 32a. Lehigh Valley 32 Leo It & The, 22' . I.-W Ills IV.. 4(.l" Louin & Nash. K'.H Mn Motor , 2S " do 1M pref. . s .ne ivtrol 17 New lork, Jan. 21 The curb market showed .1 good deal of activity and strength, wuli iiiot interest again .it tiulied to thr dealings In the petroleum group The standard Oil Issues were ill quoted higher, with small offerings affecting the Influence of the decision Miami I'on t'op 22 ! rendered tsterd:iy tint stork dividends "'"a'e Steel. t2!,1 aie immune from income taNes J'p 'van S Tex 5 The Independent nil stocks were In ' x.,t v,1,!,,,!,"11 ' V0," Increased ileni.ind with Iloy.il Dutch 1 ,, (! $. (.,), "- ' moving up from 73 tn 73 Intel-I Nat Kn X. stl'id t'l'. national Petroleum sold at 20'4 to 2"5 'Nition.ni Lf. id r, , and Houston oil was traded In at SI to N" v 1 'on iv.p K,.-, so I'l.wiit.n rti.i ut 71. I New V 1'enti.il 7.1 Tin heaviest trading w.u in Cjcncral . Vs 'J 'V,." t'?i A-i.lmlt which, after selling at r.R'.. lose ' rjr'f ' v" Ji to above iin. making 11 new higli record. Vorth Amer can Is' Tlie preferred stork sold lit i7 to 05's. . North 'l'.iclilc' :ii, I'nltfd Motors vias tlrm. selling at 30. Nov i S Sinel . 33', Ive.vstone Tiro sold at Si's to 61V 1 rikla P A II War order stocks were dull. Aetna "I'lo das selling at 0, to 3. Submarine Hoat 1 .,''',, i', ,.", at II to 11 (j and Wright -Mai I In at 3'-. ' ' 1"' ,. " , ' " Klrby Lumber s..ld at 21 to 21 1. 1. p " IMIt oriCIAI.s Hid 0, Aetna l!.Tploies Amer Hrit Mfg . mer Marconi Amer U'rliing Paiier Air Reduction . Canadian car Co Can Car & Pdv pf . Charcoal Iron . Chnvroift .Motors ('ramp . . 1 urtiss Aeroplane . . . c.irwen Tool . . Carbon Steel Kmerson Phonograph llendee Mfg , ,, Lake Torp Hoar Lehigh Coal Sales . . Lima Loco . Malm Munitions N" V Shipbuilding Nor Amer Pap Pulp Otig lllevalor .. P'eriess Motor . . Pooln 1 Jn ir Scrlpps-Hooth SO 42, 83, r,'n. 2d 13 ', IS 1.1 Si! int; is i ut :. Mils 3.11, 112 :; 173. 7.1 , .'12 (, r.c 1 . 21 2 4 1; 1 . S'li.. 27 . 31 173 '-. Ti'.--: ', 24 :im, Hi, 3i2 c.71, 1 in, 7'Jl, 2 '1 l'"s in.-, is HI 3 3 1 j S"s 41 3l, 7i; 12n His IS IS 3 l 17', Pi .u HO', 71 :25 3S II 12 ISU ll's PJi3 2!i, 103', .131, 2 -, 2.1', 177, 1 1 7 1 -Ts -I- ' -t 2 Director General Hincs Will I .hum Texas Co Cs 101 I,, IrtPj 1011,1 C-.l for TllcrCIlsC of I'Vllcnil ilium Third A ad Ss 2S 27-", 2S HH I t-isi. 1 1 tuuiiii 4 'j ; 1 i'i ipoo ( s Itealtv St 113 1 1000 I N Pub 3s Si lloo.i do 7s.. 1 11.I J, 3S000 P W Stl r f S.s 100 1000 Pnlon Pac 4s.. 87 r.noo do Cs 101' kioh v k 'it u a i ".ijs p.nn. .100, inn :7"ino f.ijHtipu 'in inn,, ion,', 7,001111 ,-,i,s ipji 'iSJ, 'iit lilnni) 31. s l'ij7 .nnil, loni, 30MlV.st .Mil Is 3SU -3Si, 5 6.1 i Ki.,J!n V.,. SC, SOL SSV-SUHlIIj, Still.. KM's 101i4 ?9U inn 1 .87. 87 Ity lite Aswcialcd Pren in. mi 100 loo,' ;is.' mo 1 38' 4i;i. ."!'. 28 32 171 'j 23'2 12", I.IVKslOCK (1UOTATIO.N5 . 1, ( lib icn. Jul 21 lions llerrlpta, 37- -1-31, '",,J '"'.i'i iIiw. nhout Hit Hflv , spot, .V l.evr T .' i.n l.uti her hius, nr slmv sill's on llcht r '- ami llhht nuxeii Hulk I7 inti t" nt. heivy -r 1 , I I 21 , 30 1, H3. I'll, SI, U'.-, 72 211. I'll I "3 IS ill r.3', 01. 121, 'in 12d IS', IS I.I .111 till, 17', Pin. (il Jfl hull hers. J17 7111 17 "t ni.illum and light hutihers 117 .'! 17 70. Ilitht b I to I ilmlCi $10 itwK til In ivv I.Bikini- tin to , ilil7 ineill.itii iiii.l inlvt.t imi kliiK, .ls.tf? .17 2.. thiow-oulH, Ml, fa 111 3(1. pus. Vl'J JVg. I I'VTIl.i: Iloieinls stun he i,l ,-rs .lull 1 L w llJi prills uneiciih hut slmrnH lim.r. no 's.iiii.l.e Heers hern, ihH.h .tl,. lower Mef ', Icon! ihnlie nnd prltiii" $111720. i nnilllnn 1, iind tnerliuin P.i .".111 In huoliir h-lt.rs 1, 'i Villi! nms 7'(l1.ltll sli.ck-rs an 1 ,", '(re.l.is com i hu. o Hint fritiev, ".H17.ttfT I 1 1 2t Infrrlur. 1 , .tuition and ninliutu, $k 'l I 10 73. nlies JlfJII 30 ", 1 snr.1'1' Umelpts, 1.111111 hi-nl. iiml.s and IL .seiillnus Iti to L'.'.e low, r thin '1 hursil i' . ' I ..... ....n ..I.n ..!.. ... ..... A. l.ost linn phet 1'ill l.iircl. Kin .'(".I. leol Sti ai I Bliady to lower 21 III Kl- 1 ll.ts MasliliiEtnn. Jan 21. The sum which Congress will ho asked soon to appro priate as an addition to the railroad ad. ministration revolving fund may be as much as $700,000,000, it was learned to. day. Director Ueneral Mines had Indi cated, that $300,000,000 would bu tho minimum, but Investigations of budget needs for linprovcniints tills venr ipw show that a half billion dollais proba blv vvi'l not be enough for all puriwses Tlie railroad administration's tenta tive program calls for pvpuidlture of about n billion dollars this ear ftr ex tensions, Improvements and new equip ment of the railroads under government control, and a large part of tills must be financed from tho revolving fund In loans to railroads In addition, the railroad admlnlstratlrii may be called m, as contracts with the Individual roads are comp'etcd, to furnish working capital and credit the companies with cash taken over py tne aanilnlstratlon ASPHALTS AND SUPERIOR LEAD LOCAL TRADING AND SCORE GAINS Former's Common and Preferred Soar to New High Record Levels Most Other Issues Are Neglected. , ' L. V. Coal 5s Active Virtually all interest In today's trndlnR on ttie Philadelphia Stock: KxchatiRo continued to ho centered In tho Asphalts and I.nko .Superior CorJ poratlon. lloth tho common nnd preferred Clencral Asphalt Issues scored tvldo advances to new high record prices and I,nko Superior developed furtheq ncllvlty and moved upward T to 19?;, tvlth sales totallnB moro than 620) shares. Asphalt common gained ' points to 61 nnd tho preferred advanced 3W to) DD!4 around midday. Stories continued to ho circulated concerning reports) of flnnnclnB nrrnnKcments between tho Royal Dutch Company nnd General Asphalt Company for tho development of tho latter company's oil land) tracts, and It was particularly commented on that much of tho buying was for New York account. Tho continuance of tho Bethlehem Steel disbursement at the high rata that has prevailed for a long time caused, some surprise nnd encouraged opttf mlsm as to what might be done by United States Steel directors when they meet to tnlto dividend action. Generally It had been expected that a reduc; tlon of tho extra disbursement would he made, hut tiro Bethlehem directors' action caused some brokers and hankers to bo hopeful that no cut would ba voted for tho present. Some of those who had talked of a probable reduction thought It likely that the stock would ho placed on around a 10 per cent basts. I-ehlgh Navigation showed further firmness today nnd advanced early, on 11 small turnover, but later lost tho gain. United Gas Improvement gained slightly nnd Insurance. Company of North America moved up li. J Sapid Tinnslt certificates held firm, hut Philadelphia Traction receded N. Philadelphia Klectih; was only moderately active nnd Its price held steady. Steel was up 2 points, hut was slow. In tho bond division Philadelphia Klcetrlc first Cs were active, hut lelded 1 per cent. Lehigh Valley Coal r.s also showed much momentum and lost a trifle. I.lbctly Loan bonds wcie more active than recently and advanced. Will Withdraw More U. S. Deposits The local Federal Hesorvo Bank has been Instructed to withdraw govern, ment deposits next Tuesday as follows: Twenty-five per cent of tho Janu. ary 10 Treasury loan certificates, which will amount to $0,300,000, and 23 per cent of the tax deposits withheld up to January 22, which will bo $2,100,000, a total withdrawal of $11,400,000. m The Treasury Department has announced a new issue of United States Treasury Certlilcates of Indebtedness No. G 13, In anticipation of the fifth loan. They will bo dated January 30 and will mature July'l. The iiuota for this Issue has been placed at $600,000,000, but tho Treasury Dcpattment calls attention to the fact that this figure Is a minimum and Is not the maximum amount desired, nnd It points out the special need for a substantial oversubscription, as tho expenses of tho government, both In con nection with the cvpt'dltlonary forces nnd with demobilization nnd contract ndjustmciit,are Just now running at an exceedingly high love!, F l.'Hvltii. Il7 7nfls, when it asuimd nintiol. The aggre- I lluht i.rkrrs .atp f tliesc tvwj ittms la calculated at ear ago. and 20 IR2 tales two years 1 standard Motors . ago. ... .-teel Alloys Ve.i n ,uv man 11 in 111 -'w submarine . rin... nin nm ; m P '" t, 'I'. s.t Joseph Lead . j.,mnr .1 ;,2 C.' ...J ,-- "' -r J' .-; .'.' r.T hi 1 Todd Shipbuilding - '? TV J. T... 2.. T... ... ... ii. ... r.'i Trl.ltlrrla I,'.!.,. ' .Tl J11 ... ." ." -" ." -" ' r ..' " -,..... ji -. iw 'ii in ' i 1 ' : !' '.; ii 1-, in 7.-. 1 40 i 4.1 1 to 11 10 no . 1 11 911 i(i 1 Sf, 20 i 34 : or, is so 1.1 17 Minn vny Jjl (l jbr 11 1.' 105 MONEY-LENDING IUTKS m.u V11KK Monfy on all. mixed collateri.il. op-ned today at 4t per cent I'nited Profit Sharing I' h Steamship. .. I'nlteil Motors . . . . Wot id g K.ini Wnght-.Martin Air . . 4T, 354 T.I MIA fill oil, .hick U. S. LIBERTY BONDS $50, $100, $1000 BOUGHT. OI.I AMI nrrOMJIEMJED t"OR INIT.MKT Nevi burger, Henderson & Loeb 1410 CHKSTM'T hTRKET Htmbers Y. t. I'hlla. Mlofk Eiihiatw rivNrLr. "" Dividends I. stock ih for lend ng and mielng on all Indus. Illinois 103 170 la stock Hen, II "ra I'rai. th opening rate was 6l.j nhl 17 3S3 -! I nVr cent Pralrif. I'ipe 0i 2T.I Y ROlVinQ The money market was nuiet again !-t.ind nil of ralif.. 267 273 todav failing to reuecx 1110 uei men in terest' that was attached to the pro neit of a nKslllleatlnn of the rextrletlons hat have been ruling upon i-pei illation Time funds were slow and unchanged at S'slJ 5lj per cent, Irrespective of col lateral, for periods of sity days to four months fall money was slightly easier in tone Prime bank ncceptames are moder atelj active at unchanged rates Ca'i loans on prime bank acceptances w.re unaltered at 4 i per cent IIIK l.Ellll.ll llltl. .Ml WIOATION rhiUil'lphU Jan 22. 1010. . llltldrnd No. 161 I ,,.,,, VIH'.I.I'II I Call L '".:";i"AiZ,;rr.?9 : ;'. TsVitlme Bl per cent I nnsrei on me i:Ht.iii s.w, ui lite .-'jinj.dny ' ' payabla February 2S, Itlltl, 10 stockholders mb reclstsrfii on th Looks of in- ompan at 3 o'clock p m . January 31 1010 (.hiks tlt b mailed to Htockhnldrs Mho hdM Jilifl imrmanent dividend ordsrs, IIKNKT II PKASB S.rrelary G per cent; Commercial paper, three to si months, D1S per cent ; six month?, 6 per cent I.OMiON Mone is quoted at .'! per cent Discount rates short ami three month bills. 3 17-32 per tent. stand rid of x .1 Stand nil of .V V. . CS5 312 IMIIIIT.MIIIM (III, s,1(ic Harnett Oil & (las . . j"4 it oaqvn & a .... Illk Ilasin I-Vileral mi , , Inter Petrol , IlOUKtou nil , Merrltt fill Midvvetit It .fining .Mel I'eiro, . Ohio I-'ui'l Supulpa Ref , . Seimoyah . Sinclair I'eo Has A, (' Tr-s ilo I Pere Mam pf ,;k (s-le) IMttH & West 6 Plerre-An (in '.'-. "... fierce Oil.. J"s l't IMttH I'oal ' Pressed Stl '!'' Pub S of N' J 01 Pullman Pi i' 12o IIOTs 12n Uy f-u spring 71 72 73 1 unv 1 on 1 up 2ii"s 201 Iteadlng . . 7H 7!' I Itep I 11 si I 7t' 73 Itovnl Initeli 7i, 7.".' I Savon Motorn. 7 ii 7' I St I, S !' .. 12 Sears Itoeb'K .17.", IShaitiii'k Ariz I.' Sins.-, Stl & In 51 'H Sim lair Oil .. S5i4 I South I'ailtle. fin South It 1! . 27 a do prof ;? IStromhrg ('rh . 30 l't ,. Studebaker . Vjt 10 ,, Mtutz Motors . It 31) .. Sup Steel 81 SU .. (Till I "op & film I'll 1 1, 1 Tex . Pac' He . 3.1 ' 12 11 Tevus Co . . ISO ', 1.1 .. do rtc . .17 IU7 .. I Tobacco Prills 7ST " .. ! do pref . .in.Ta j . ( Transun Wiiik. JS r, Cn Hag & Pan 7'i SJS', rnlfin Pacllle. l.'7's ... i'i ,. . 4 i , Cdl Alio Ml 17 i, ., rid cig stores, lllij 11 I C II Inv pref.. !, 1 , LX I P fc Co. 15, I 1 do nref. . . . IS 'i 4 IC S Ind Alco..1'i2'4 lioij 10: r S Ilea tv .. SIT. 251. i.ao i.,i l K liUDtier . i'i7i 317 315 do 1st pref Ui'H, C S Smelt ,i It II 1 I7, -I 2 ' I 1', tvfsss xst-Lnra I1T fi fil t )i i .11 1 1 ? -. t ti r.t 11 ',s a ' '.''.'. .''. '-. .! ''."" .. . i.r. ..nA iinn '& 1 l..ul st(ai. Top shup, $11 .". tup I'ndfr iicvs policy thfs jcar the (3 , '"P.u.VKi-UNipt.. 1.. 1.-1 Mead) rallroail a.lminlstrallon will not m.i.r. e ,J Tmd, Ji: , In art win c an entire iiiofni.ru''. if lm- j t nioemrntH for t ach rfi.nl, but will an- hJ!. M.'VV7.uJiin .Vr-,!lT ii'ri" t"'lllu ""J"'3 fro"' ""' to Sm ii heid .Me hlnher J-,P1U7.", 1 time. iKul'. lieeeipia .iviu he nl stmdv itallroads in Ills under goviriimi nt Pics lo ..he ivy .ami lnlxe.1 I1i 1 111 1 ...... , ,, n.i.. vnrkeis 1S Merit .viirkrrn I.,WHI i.Isb. c.iiuu. !. un..-....i ..... v..,. ,,, ,..,,., I1.'I1, iliruuouts. Sl.'if 1.-.Mi ms. 110 earned about J7 1 8, nflft.Oli", or J2.r.O,UO0,- i in sin;i:p wit 1 AMU- iK.ie.pi, .-,00 liea.l Lamlis llle hUllir. I.1111I1S 111 f 10 7.", I (.Hi. rs on. tianccl ooo less tnan in 11117, 3iu,iiuii.iiiii ls tlian In the reciird ear of 11'j, anil about tlie same as In 1915. 1 r.Ii 12 3i 31. 1C5 3.'1 27H 270 M. I 31S 12 r;.i 12 M s:i'' i ";s ::s 47 T, ii! 'i 131, J." l ISC 1.','. .'ON 7'H, 7ln. 77 7i 12 17.1, 1J Sl ::: OS's 27 ' . I.S 3 '.I 1')s 10 111 13 :.2', ISO", 17 4 1 11, -t I-1. 1, lU 3i4 -I 1, t-P, -t '. , 1 I 1', 1 . i, J- 1; t. I nuii I ,n., .1111 .1 ii.n iifiPinia . ... ...... la ..on ho.1,1 si. .)) i.islita, itiisocriT 111 Ak l.ovcrnor to rvecp service Hoard !'.'" J17 l-iJilV i,',""'''"-"- '" -" ' ,7 " ' I Members of the I'nlteil llusltif ss Men's cvrri.i: Her. u.i 2on i,r.i,i sienilv ' Association will petition (lovernor Nati. liiieis 111 ",n''j iv ".11 hi-ifnr i'i inii Sproul to retain Mlcliail J. Ilian, W'll- Il.iiu A .M.igoe anil naroiii ,vi .uc( line as nienibera of tlie Public Senile Com-mission. S7ii! 1i sto. kors nnd fpders. n.ilhn .alvcs 17 7.i 1. uO HI i nw p ...-', i 11,1 11 siir.l.l' f, . hum loo h. rfd leady l.itrnl.-. Ili'.lf 10 .'.". inrj. $s '.Wit in ",il THE BENEFICIAL SAVING FUND SOCIETY OF PHILADELPHIA Wo. 1200 Chestnut Street Incorporated April 20, 1853. iii ' 1 1 i 1 1 I w 1 i I i I liil I M SI. .iimnTSflP-TOTCTtj i in.i's 1"3", - 1 ', IIS 7S 12r', ii- Island nil Ulenrock Oil . S4 . 20 14 . 7s . 21 .1ST . 3?, . IS . T . 3 . :. 'i S'- 20 't Hi 22 i35 -' is i S'-i 20 3 MI.VI.M! SlOCK'S Pi NEW YORK COFFEE MARKET New York, Jan. 24 There was an oasy tone to the coffe market this mofnlne and on the call prices were G to 13 points below th5 previous close. Trading wa nulet. The market vvas dull durlns: the morn. InsT. vvlth little In the way of price changes. There was moderate buying bv cotton exchange hcu&es, but this was offset by local bear pressure The Brazilian markets tonlinue to bo out of line with the price of futures in Mew York, and there are only a few firm offers hero In the cost and freight mar ket. The local spot situation remains un changed, with little doing and quota tions more or less nominal. Ymterday'i Today's eloss opnnif May 13 SS 13&0 July J3.4" 13J7 Secsmber 13.2U MS 03 Hid. DIVIDENDS DECLARED United States Cast Iran Pipe and Foun dry Company, rerular dividend of a pr cent on prtftrrrd. payabls In quarterly Inatal msnls of Mi tsr csnt. .First quarter divi dend Is payablo March 13 to stock of rtc- Pennsylvania Coal and Coke Corporation. rtiular of 't per cent, payabls February 1U to stockholders of record February 6. American Soda Fountain Company quar Isrly of 14 per rent, payabls February IS, to stock of record February 1. American Rallwaa Company, quartarly of l't per cent on preferred, payabls February, 3 to atook ct record February X. ' rOREIGN EXCH .GE New York. Jan 21 TIih foreign ev cliange market in the earlv dealings to day showed a continuation of tho dull nrtis that has been a feature The only appreciable ihanges in rates were in th neutrals, which worked fractionnllv lower nnd were heavy In tone at the de. line Entente exchange displayed steadiness on limited transactions Quotations were Demand bterling 4 73 13-ld, tables 4 7(1 9-16 Slxty-dnv bills nomlnall), 47317! ninety-day tills. 4 71H. Franc cahles 5 45!s. checks 5 43 Lire cables 6 .15. checks 6 37 Swiss canles 4 86. checks 4 80 Guilder cables 41 1S-11 checks 41' I'esetas cables 20 15 .heiks 20 07 Stockholm cahles 28 60, cheeks 28 40. fhrlstlania cables 27 80, cheeks 27 flO. (Copenhagen cables 26 80, checks 26 40. Kuble currency was quiet at 16"!) 1 G DANK CLEARINGS n.nk elearfnrs today compared ltli rr respondlnic day last two years 10t IBtS 1017 V T 1620 (12 031 1519 OOH.MO I.MS 07 1V7 Phlla. B9.34S7I3 84 512 OS.' .-.0 2rt1,nv3 Huston 40 2OSUO 31 70V r,94 S2 T7I B11 Udltlmore 13.n3.6fll 6.S3I.S30 0.(104.101 RAILROAD EARNINGS nUFFALO nOCHHSTFlll AND 1'ITTS- 11 una 1 1 J019 Increase Third wsek January. 1.100 813 131,064 From January 1 . 80,2J , S8.871 Atlanta llig Lodge . Ilutte Xew ork . , ('on xt 1 (' K S & Jerome . . , First National . . . 1 ', rioldlleld .Merger ... 6 (ioldlleld Cons 20 (loldlleld Flnrn ... 1 J (loldfleld Kewanas .. 4 (ireen Monster ' Heela Mining 41, Howe Sound . ST Independence Lead . . 2 Ji rome 'erdo ai Jim Butler 3S Jumho Kxtenslon .... I'I Mi Klnley Il.irnigh . . 45 .Magma Copper . . 26 Mother Lode 32 I Viitioti Cr rf AiTlfirli'n ft. Nevada Hill 3 Nevada Wonder ... ; Nlpisslng Si; Ohio Copper 4 Ray Hercules 2U San Toy 7 Tonopah Extension . 2U I'nited Verde 32 U West Knd Con vvniio i-apa Yerlngton .... 5'a p: s'' s 53 16 6 ' W 3 3T' IS 40 SS 31 1 C T. S'i Si 3 i"i 34 la r. V S Steel . ;iji do pref . . .11P l'tah Conner. .. 71 "i 1'tah Sec Corp. ICi.j Va-Car ('hem do pref . . . Wabash . do pref A . do pref II . Wen Mil Went ldL . . Wist I'll Tel WeHtglme Mfg Wheel a t. '. Wills-Civrld.. do pref . . Wilson Co . , Vv Is Central Woohmrth . in. 1124 321, 20 IMS in S7i 41 t 81. 2 P Ml, mins 11 no3! 114', l'.'.is 71 l.'.i 1.1 f28 52 US 11.' , 8 IIP, .'0 11 111'. 127 1 7.1U . 37', . ' lllij 1 ll-.n, - 1 IT. 1 l.-.li -2 Vr Sli's 76 i 1 nil i. It SJIs IIP. 3JI. 1. 20 1 IPs 19 I 81-s 7", ll'i IP. ' 81. 81, 23 , 2IW. . 1, SS SStJ 1! I.S 8 32 32 .1 ' .1 12'ii, I2fl'4 126', P, il I t tf rill MliiiTj (flrs ( 'no il ii.mtixin 1 . , ..-...--.. in- . w f . . ; . , Hill Ul'lll 4 (II -f 1 1 nt Pacini C'oatut fcecoml prefrr'. t it 1 cent 4 a :s 13 .. . I IIOMIS llethlehem 7s (notes) 101 Cosden Oil 6s 86 Cosden & Co 6s SS Cudahy 7s 102 HUSSlan liOVl U";S... oti'j Ilussian Oovt 6'4s . 61 Southern Hallway Bs. 081, 01 Sinclair Oil 6s 85 90 Todd Shipbuilding s 101 107 - p; 14 101H 90 92 10'JKj 58 62 r,7 60 1;, Reserve Ilanks' Disinuiit Rale, Oilltlal illteount rates at the twelve Fideral ftenirve hanks were as follows. , (The first cdumn gives the rates for ' .. ... .Imlb .... in ntiil Im.l.rftm, n flf.nan till 1" I"'." .' " ...... ".' '.'.. ifc i...' -,,. day maturity, tho setoml for 11 period of sixteen to ninety days Tne third and fourth columns are tlie rates for rediscounts of collateral loans secured by government bonds or notfs ) Com'l paper Uov paper in to yo in to tin 15 days .I101 15disdas noston .... 1 i-i 1 4't rvw Torn 1 "1 4 1 Philadelphia .... 1 -i-i 1 Cleveland 4'1 l I fllehmond 4 ', .'. 4 't AtUnt 4i 4, 1 I'hleaKo 4 41, I Sr Iinls 4 4 4 Minneapolis 4lj " 5 I San 1'raneisto ..4'i n 4(4 4 1 1M1UM.IB i.ny .... 4. j n s'4 'it.la. 41I m,ji 1..- S 4U"" Carpenters Denunih Rcfucil lliileton, rn 24. Building con tractors announced yesterday they would not meet the demands of the Carpenters' Union for a wage scale of seventy cents an hour for the current jear. Carpen ters said that they would not work for anything less. The men now get sixty I cents an hour, I 4'i 4 '4 I'I 4 '4 l't I'I JIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIl Something More Than Banking Service 1 In addition to our direct banking- connection, Ave have appointed a commercial repre sentative in Buenos Aires, the largest city in South America, whose population equals Phil adelphia's and which has been trading- with Philadelphia for 120 years. Our commercial representa tive is an American who is well established there and has had 15 years experience in Latin America. Through this new service the Corn Exchange can furnish to the business men of this sec tion prompt and complete in formation regarding Argen tine business. AVe are ready. Use us. Corn Exchange National Bank Philadelphia " Chestnut at Second nlllllllllllllllllllHIIIIIIIHIIIIIIIIIIIIHr. em "au Statement January 1, 1919. ASSETS United Stales Honrls and Certificates of Indebtedness..? 919,900.00 Philadelphia City Loans 980,000.00 Municipal, Railroad nnd other Bonds 12,139,000.00 MortfjaRes 3,432,020.00 Call Loans on Collateral Security 558,980.50 Real Kstate 770,353.75 Cash 1,721,546.68 Total Assets at Tar $20,541,800.93 Assets as charged a? peHedgcr Due Depositors Surplus .$20,266,800.93 . 18,:i85,382.50 ..$1,881,418.43 Number of Depositors, January 1, 1919., .18,169 INTEREST 3.65 PER ANNUM IGNATIUS J. DOIIAN, President JOHN J. .MncDONALI). Vice Pres. ALFRED J. .MURPHY. Vice Pres. and Treasurer LOUIS E. PEQUIGNOT. Sec. and Assl. Treaa. THOMAS IL CULLINAN, Asst. Treasurer ANTHONY A. HIRST, Esq., Solicitor Alfred J, Murplir .lereiiilati .1. Millhnn Icnatlus J. liolinn linrles A. MrM.lliu John T Italian Infin A. Douchrrtr II alter (.eorce r-mllh Anthuny A. Hirst MANAGERS Ignatius .1. Ilnrsimann dronce II. Nnrrls Irtlin .1. Murllonuli! V llllnin 1 slniifll .lanirs VI. Krllry .li.srpli M. Hnicrl liilnaril .1. Ii.xmrr .liisi-pli ( . Tralnfr lion. .Joseph F. I.amorrlls lolin K. l.nnfrKaa Tliomas Iisslln llimli .Mrl'nltrrr Mm. V. Mcliratb, Jr. Ml.lincl p, aDson lUnrj I'. Ksllnr H'nry r. MlrhpU Mllliam J. l)o Is f hsri"i'V'''' ifii w"i sfiiiiirii-sfss-snjtmujij.. SAMPLES OF COMMODITIES SOLD IN SOUTH AMERICA t Eiiowinu some oi inu aiucics lor wmen a market is open there such as spices, candy, bhoes, biscuits, canned fruit, textiles, wearl ins apparel, ecclesiastical articles, etc., are kindly loaned to us bv r the United State Government Bureau of Foreign and Domestic Commerce. "l See them at the South American Export Trade Promotion Exhibit under the Direction of the Public Ledger ' Ledger Central-Real Est. Trust Bldg. Cheitnut"atBrd I Z!)r??l'h4 OTHER EXHIBITORS Com Exchange National Bank Phila, Commercial Museum Atlantic Refining Co. OPEN WEEK Guaranty Tnut Co. National Citv R.nL, W. H. Robinson & Co. uowniown Hook TO 6 FREE &Co. f Shop ) ,"i 1 3ft. v uisA i.a';H'.rff....,.V.a.M.v...l-s.,A. ,'tsa..sia nns. Jfejla.KjsS.iiViy-;,.! .C j tfMli. . mF-A
Significant historical Pennsylvania newspapers