H Td'W?' ?'? ---" " '-" .rj5I5w"" ' ''','j''r'"tfv?7''','stiT-'"',tvw( WW) -v, C p"SS I EVEXIXC. PUliLK1 LtiDUEKI-IIlLADKLi II1A, WEDNESDAY, JANUARY 21), 1.011) FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS 8!-- u V I 1 ,' i 3' Opportunities in Long-term Bonds AT present prices high- grade bonds offer an unusually attractive yield over a long period. We liavc prepared a spe cial list of such securities maturing from 1929 to 1952. The yields range from 5.45o to more than dVifc. Circular .leicrihinir these Imum will be furnished upon requeit lor rl,-JH2 The National City Company Ccrreiffndent Ofittt in 33 Cttin fbiUdrlpMa 1421 Cheitnut Si. I.lll . DECREASE IN STEEL'S EARNINGS N CAUSES SELLING AND WEAKNESS Sharp Decline Is Recorded on New York Exchange, With Cut in Extra Dividend Also an Influence. Marine Preferred Advances Now York Slocks Neiv York Bonds- Philadelphia Stoch n nil :i how I'lll'll llifih Points in Today's Financial News Nearly all interest in N'ew York slock trading ccnter.cd in Steel common, which was heavily .sold nnd recorded a sharp break, due to decrease in earnings nnd cut of extra dividend rate. Oils were active in irregular Curb market. Grain prices yielded. Cotton showed nervous ness. Further weakness in neutral exchange was feature of foreign exchange market An extra dividend was declared by the Standard Oil Company of California. Mar silver remained unchanged. .11 it', ir,, s:i ti'j 11", 151, S3', til', l(S, 9a !7 !!' HP IS", f.K'a !: I' Til " f. 31 - 1 4R. - I H'l 41 ' ll'N. I J' 4 AJii- ltuller . Alnuku l!M M Alnxkii Jiinpnii A IIIji ('hnlinor.. 31 Am licet Sugar (IR Am i 'mi fiia in i'nr A c'oini N!i Am ('oltllll (III II", Am liritKKlst. In", m Hide A: I.tlt ! llll plef Slit, ill li'n Sir . , 4ii:i, Am l.ln.xecil .. I7' Am Locum iir.lnjn. Ini'a. tir'n. Am Mult , A, l, .in rMiicninR . ;iifc Am Smelt pf . 07 '4 Am Sinn Toll . Inn a. Am Stiel I'.lry. 78 12 Am Tel Til . inn Am Wool 1ft", Mllll'ntlilll . , , f,8", Ati'llKon (12, All I !lf W I ll il'i plef. ... UP, Hiilimlu I, I'n 1 ; 7 7 , li.'t 1I11 lircf K12 10:' II A.- i n;it mi, 'In pint :,r,:i( .-,", mini, "t 1 inn. 1111 nn Net lnfe - 'u lllah 8.10010 AnKln-l'r fin... !i7"i UniiPAm I'or Sec 6m !i", mno Am Stneii 6... !io'j 8000 ,m T T an. ii.i I.OW HJ'i '.ill i I'lnaa !'7 l'3'j .11000 iln ill M2 102'j HI2N I1IOO0A111 Writ I' oi !m'i 00' !' fiiilin Arin'r Co l'o87 8n"t "1. Jli I 11(1(111 Alelllxnll 1m ... 81 83I.J SH'u . , 1 100(1 Itnll ' O il'sS. 88 88 88 Hi! I IOO1111 tin i-v 4I9N. .. 78 78'i ."' u 1. . 2(1011 Ilrlt ll.in Tr 7m 78 78 it. 88 Am O11.1 of . .1 ... (II Net Clo,e (hue. l.o w (50 fit 5IA 100 Ilnld I.00. 07's R7 7'i Hi tr.? 11 jr. t 1 .. -11 T11 7n .1 --. . 1 - . 1 - . , . , , , GENERAL ASPHALTS DECLINE ! SHARPLY ON LOCAL EXCHANGE Common and Preferred Make Up Hulk of Trading. i.'Cnm sti..ii:ii(, 11.T3 lU'i 1; tic t 4 . .. 1 V..l,l . Cl'.rl.iKr 101:10,. si..,- r,2i r,:, 52 i -.js. Lake Superior Becomes Active and Yields Slightly 111 Sympathy With Steel i.oniinon 1 r. , J I 'ji 1 .uiiii urn ii.'ip ir im in in .' . ;.i, r. luiinon llonlriiux s . .loo?, inii-i l0'i n . l-l 100(1 (.'nil (liiv Bi '21 !'7 07 ! 7 1 SOOO iln 5s '20 ... H7 'a l'7! ':' ri .Snc- qunrded llVK SEVEN PER CENT PARTICIPATING PREFKRKKD DIVIDEND. PAYING SECURITIES Vo Hands or ilcirtonne tin' 1 Prior Claim Vrtfe lor booklet. "S(i''iiin' for the tlnUnr" HAStonekCompamj t WidenerBldg IVrfT- A S7PER CENT jiulativk 11 ,..11.", ?& !.V i'S,?, t :.r cu.v PARTICIPATING PREFERRED STOCK OF THE YORK STEEL CORPORATION n In' t.i-inn tn nar'i 1 paf "ti in r .ihm m etor 'it nr n,s of ha ben th fomid.ii n. of tli prlin iprfi arc- lufun-i nf 1.0 WOflJ WIDENER Bl.DC. ,ina New Ynrli. .Inn. 20 Tin- reiltii'tlun in I'nileil St.itis Steel ilhlilcnil. iM.ikins llio payment mi tlnil xtnel; 2'i per lent in nil (nr the Deeenilier , i.iiti-i' nKi'ilnit .I'l per cent in the September ipiarJer ami the iinfnvor .1 ilc Mtiitcment nf e,irnlliKM. shiiwinn n leililetlou (if $5fi,OOO.C00 In the nidi ter' hiiiiies., was a Mow to the speculative situation nnd iniikeil NtiKcttleil inarl;ct I'ondltloiM In the early trnillnn. The market, linwever. showed cnnil resNtlut; power to this Inllnence, nnd. although the Mteel indnitrlnli were under pressure all through the day, several other slocks inlived Independent of this croup, with some lsiirs selllnt; nt new high pri'c for recent months. Nnturnlly nnst Interest i nttaeheil to the tradlnt,' In the market .nler Sicel I'ommnii fell more than " pnliils to lielow SO. nnd ollief steel milnstriiils iloi'llnt'd frnni I ! mule llinn 2 pulnti ulllmtil innteiliil lilies from their low level". Marine prefcncil ni dlieill.v lullnenreil li) pul'lisheil stali'inenls i ha! the President iipproxeM the trnnsfcr nf the llrltlsh lines, and thn'-e -laiemcnts were resardeil as Itidliatlns n revlinl of the stories of n penil ins deal. That slock, which .-old yesterday nt Oil",, roc to 0S', hnldlns sIioiik all thronsh the day. American Hide and Leather wax another strnnK feature, odvanelntr 2 points to Si"., with tho buying cnnsltlni; chiefly of'eovcrliiR of shorts. A croat ileal of IntcreM as attached to Ihe heavy tradlnc in Amer ican PrilEcNt Syndicate, one nf the low-priced specialties, whliji was boucht on a larce scale all through the day. making a sain of more than I point. The demand which caused advances In a number of issues .imo. almost entirelv fioni cmerlns nf shnils. and this coverlnc was the hier factor in linldiiiK I'nltcd Statei Steel steady after lis carl.v decline. The bond market wn without material chance In conditions. Liberty r.iurili 4',s being be.n In tb" ear'v tradlnc and rallvlns in the last ninir. P.aiiwav nnd other bunds were ciiei REACTION IN COTTON CURB IS IRREGULAR, AFTER EARLY SLUMP WITH TRADE ACTIVE Ewili: i. no, i4 07'3 , !) 2 7S'j 1, 00 11, I5, a, 68, - K 02 ", 07' j 'V III -II, (15 , I- 2'v. 102 till, - ', r.r.n4 . t no 07'', 07 ;, Ofi, !'' 8.1 U S.T 70' j 7!l"j sr.'.a 85',!, nr, ri; fil lll'i or.'j or., 75 75 71", 72 70'a 7!"s 1 Hellilclnin Stl. 50'i 5S 5S, lln II llll ,18 , 58 T, do 8 tif Dref.lol 103 I.. 103'j Uloi Kiip Trim. I0'4 18', 10'4 . . Oil Petroleum. 23' 23'j 2.1 's ' do pref 08 '4 US',; 8'i - ' I ill I'uckltiB Co Wi 33 53 ' Can Pnclllo ...1581, Central l.eatb. 5 'I iln pref Ins', I'erro de Pasco 31 ", I'llesa & (lliln. .1.11, ('hi Croat HVi s ''hi M & St P 37'1, do pref 7.". ''Ill II I A- P le M'4 '"nicllilp Steel 5:i'.. Cuba Cane Sue 22s, In pref . . . 73 '1 Chile Cnpi, r It", ii'liltin c Con .'13', '"ill Pool .(.- him 3i Col 1! k .;iee. . I2, Col d S 1st pf. 10 is '(.iisol (las. . !'0' "out Can . i;jiv Cont Ins 112 Corn Prod . . . I73; ' Iol lluilon.lnt l & It (i prif.. ii' I'ome Mine.' . . II , Hot IMIson rt i I'lsllIloiM Sec. . 52 llrle Ill yiln Is' pre!'. . 2B (laston Wins . 20 (!i 11 Clear Co . IS (Jen lllce Co. . .1 Hi Hi neinl Motors 123 ', In id I iooihlili II I'.. HI'j Hi N die subs. 37 , Ilivelic-Cm I'll I I s. wiuir st.nes sti ,nn r,ii, r,n, ii, Haskell .11 Ilkr 12'.. 12'. 12'- .. Insplr Cupper.. I4N Il'i 1 1 'J . . IUeril-1- 111 lit 10 18D, m 112' I12'4 a, 158 15S I 1, 1 58' j 58' j 1, I11.V4 K5 '4 .. ,11 's 31 , - ', 55 55', -- a, s s . . :i7' :::', - . 71', 71', i', 2:11, 2.1 ', 52', 53 1'. 22', 22', '4 72' j 7.1', - I 1 7 , I7'3 . .13', 3.1', ', 35 35 1 1, . 12', 421, 'i !' 10'.. .. S81J SO'J 1U (!S, -8', , 02 112 -1 Id a, (11:1, .., 101 101 1 ('.'.j ('.'. .. I Hi., ii'- -- 1. ' . . 51 1, .12 . . I Mi, 1.1', ', 2'l 2(1 I 28; 288. l; IS IS - a 118'- 110 1. 122 I22's - I I 1 .. fil'j fil'j .. 38", Si'.', ', II 4 I , . 15000 do 5s '31 ... 07 a, 1000 Cent I.en 5s .. !, 1000 Chile s 8.V4 1000 C & ( cv 4'jH 70'u 211000 do cV 5s .... R5T, 10000 C & .V 3'is . . 5fi 2000 r (4l West 4s 111 U .10000 (' I! & 1 4M . 05", 300(1 C M & St P Is 75 15000 do rfil I'js. 72 3000 io cv 5s . . . 7P'ii I noil iln cv I VjM . . i!' 1000 Col & Stli I'.-s 77 'j 3000(1 City Pulls Us 00 loon Pen & It (i Is 72 I1111O lit In i-iinv Is See 11 .... 17' j cmin .1,. V ... 1 1 . ,i(l rionono l-'rch Kep .1i3s.ln4' 1H4IJ 1"4U I80011 II & M In 5h.. 1j 1U ''' f looolown Cent 4s. IJ'j i.i ' 28000 tntb Met UjS. Iioa, SO', ao'4 anno int McrM s. 07'j 07', :'' 6000 lnt Acr5s.... 7RT, 78", !, 14 000 Knn Cv So 5s. 83 S4'i S ' ust; '-'su I7's I03, 47'i 10" 10(10 iln nief 1011:. Inn 101 5(i Ins C X A 28 '4 28U 21'i 1 ie.v lele Pf 60 50 50 . . 1471 !,! Sup C Pja. o P'a U 2 t.eh Xax. 7.1 7.1 7S .. 20I.eh Vnl.. 5B'i r.5'4 553i '4 200Mldvale.. 11 II II I ft llfi Pcnnaim 4R'i 45', 4S!i ., 1 8 I'n Salt M 84 'i 81 4 .'3 5 Phlln I'n. .10 30 .10 ilocumpf 31; 31i ll I'lilln men 25", .135 P K T t c 25 In I'll Tract 70 2 102 Ton Mel.. 3U 510 Ton Mln. .1 fin I'n Trad 37'u 10 I- (i I... 72 1 175 P S Steel 00', in W Cramp SO 20 Vork Itpf 52 iionIi lllRll ODD Am C.HH& Illec . . S7 4000 Kl & Pen Tr 4s.. C9'i 500 I.akn Slip no ss.. an 'i 1inI2lkR." 17 . T'ln'i'i , ' iJi IOOOI.0I1 Val "OOO I.eb VI rets fis.101 'j 101' a I0l'2' , t 0 v 4 n- R F ' 4, lomilorlllnrd 7m ..lljl IIS 11? 12000 l.el, Vnl 5(100 I.onls . X Is 85'j 8.i'4 Si.'J ,. .. rian;, 802imn i.ib Hond r.'5s 00.20 00 pi rio.12 r,nnf) ,,, (,M '30(1(1 do iv Is 03.2(1 01.110 0.1. 08 I7"0'i (In 1st Is . 03.511 0.1. 3ii iill.KX l.'iS'.'IIOOni) P4h '1,1 IS 0.1. 311 0.1.31 251100 (In Isl I '1 s. 0.1.(1(1 03 o'l 'H.50 13120110 do 2il l'4S 01. (in 01 II 01 Iln 2d 1000(1 1I0 till l'4s. 0118 01.32 01.10 211111011 Miirsel'les lis. U'li , l"' !""', 17 i.Mlih.ilc 5s . S7'j .nun Mn Pac V I. 5s 1023 .... 0.1 ' mono Mo Pac en is nini 7000 Mont Power 5 02' lldoo x v c 11 r.s oo'4 1000 XYCI'jsXV.17.100';. snonx V Itwy 4s.. in, 2'inn do 5s 1 2 '.j. 2000 XV Tel en l'2s 8?T, 5(1(111 XV HI Veil 4ii;M .1. .1.' 1 1000 Xnrlh P 4e. .. HI St 2000 do 3s (10 HO 21000 I'n gen ct I'-n SS'j 88i 3000 do en I ijn . 0,1 '4 Of.' 85000 IVnnil 5s C18.. Ofil, !lf,l, linon P Serv X .1 5s 7'i 78i4 2000 I'lerce O ls '21. 'H- 01 I, 200(1 Pere MllHI 5s S.llj SSIj 1000 lieaillnc 4s. sVi sijj; .loon slticlalr (III 7s oi 0.1', llonn Scab A 1, if 4v .10 .is III. mil So P.lc cv I".. 83', S3', 1 20011 do 5s .. Inl', lol'j 1 0110 .1,, rfil Is . . S2.i, 82 1 1 nun Sou ltv Is. (17 'Hi', I1100 do 5s . . 01', ' I', 30 20, lii 31i 3l? -t" 25 '4 25 U 25 25 70 70 ,, 3 Il'i 'i 2)1 2 ft ft 2..'8 ''" 77 is', S5i -"j'i Ml SO -2 32 - , N't Low 'loe hBF. 87 S7 .. CO'.i OO'n 'j 50 'i 30 'j I '2 SS'4 S8',4 U llll'.. 101J, - 'i 03 20 'O3.20 . .20 0 1. In 01 I" . (Kl Kin'., 40, I 2'i SO', S7', 03', CO 02', 00 100'u 4115, 12'a SOTS I .. .... . . , . .1....-.I . n...nn. Itlnul llltATI. uencrai Aspiialt common and preierreo coiuiiim.ii u. uuui. . .... . lion In today's tradlnc on the Philadelphia Stock, Kxchutmc hut both Issues wore weak and receded sharply, duo to pront-taklnc and lack of demand at tho new high record levels established In tho pievlous session. Karly In the fcsslon tho common lost as much as 3ft points to 6Gi and tho preferred lost 5 points to 100. but slight recoveries occurred later In the day. although most of the sales were recorded by midday. I.uke Superior Corporation became active again, and. while It was lower In leffeetlon of Hie sharp, declines for Steel common both here and New Vork, It showed no Indication of weakness. It opened late and was off ft on tho lullliil transaction, but In,- mldiifternooii a port of the loss had been iccovered. The market was fairly broad, but business In the majority of stocks was In odd lots. Tonopah-llelmont attracted attention by advancing U to SH, but HTonopah Mining yielded a trifle. Philadelphia Electric sallied slightly nut Klectrlc Storage Mattery lost more than 1 point, I'ulon Traction declined Vz and American Gas suffered n drop of GVi points to 0 on 11 small turnover. Philadelphia Company anil Its cumulative preferred also showed weakness. Steel common lost nearly 4 points, nnd In sympathy llaldwin lost more than 1 and Mldvale yielded 1ft, Financing Plans of Public Service of New Jersey Announcement wax Inade today by Thomas X. MiCarter. president of the Public Service I'lirporiillon nf Xew .leisey In Xcwntk. of plans accepted by the board of dlrectntsc of the concern to meet collateral notes accrekallnc $7.r,no,!j(io'p.ir. maiming March I of Ihe present car, lo llnanee unfunded ai Moating Indebtedness of the eotpornlloii and piovide sulllcicnt fundi for capital reuulrements for the -current ear. Tho total amount icipilrcd Is Kollowinc are quotations for hiaettvi $22,500,001). The directors also iiulhorized tho creation of an Issue of S per I5nn iln ttli l',s 01.10 10000 Pblln Co .ons .Is too', inn', ion'. 70110 Pblln lilec .1 . 01 0:1 1 01 PHILA. INACTIVE STOCKS 81 no sri 03 '4 om . 70 01 S3' 83', 101', 2 (17 U .mt'j mil, kip. cv Shipping Hales Air lg- OniM-al sphalt norcd Liverpool and ' Opens at New High, hut Later the South Sellers IIMTON UT.l.T MTIATIIKR (OMHIKINs Nm inrk, .Ian. 20. The fnllniilne (fm I'r.itiirfs wrr rrionled in (lie (olton lnlt llii, niorniiiir! l.ilrne nnd (lklitlinmil lit.'. 3'!t I'nrt mllli .mil Mfridinn. :(li knoiiil!, 3lit l.iltlr lliicl, nnil .Minimi. 38 hreirtHirt. Mrnil.llN. Vlnntitonipr,' . Saslltllle and tl Cle,l.i. KM I liiittiiiuhiirii. 1 liniiiiillle. ( h.irlclnii. Siiiimmli unil llmlnilon. 12: .in ntnnlo. I'ensiirnlil mill .lnl,nnltle. Hi. I'nrpii, ClirNtl. is. nnil (iuhpstmi unil lunip.i, .12. Ilifri. "u mi prfclt'll.ltlnn. New Vork, .T.in C --The cotton mar-U'-' st.iite,! 3 hi 13 points lowfr. l.ier- Rcecilcs Oils Aetive New ork, Jan 20. Trailing was nctiM' on the lirnad street curb toda, with stocks moving In nn Irregular man. ner as conditions affecting dUTrrrnt propel lies arled in their character The continued accumulation of (Jeneral Xspluilt made that stock open lit the cev blcli of 70'... lint realizing sales 1 atised n (pink reaction to U 7 ' , . The pr. ferrtd stock. :,rier s,.nc nt InS'j, dropped lo 103'... Ue stone Tire was another strong . . ' r . .... . .. ... . . I tl. !.. 1 ' ... pool anil the South wern fieiicrs anil tlinre le.uure. selling ai ine new men record '"'" ,.f fil mn I 1. .11 f,.n. llll,' In I'l .'in.iiii. .-11. e am. iiaas lately of th Inccme" Tax Denartment Washington. D. C. INCOME TAX CONSULTANTS b'reclnlMs p, preparing and films returns, auditing and closing bonks f r cor. poratlnrf". firms. Individ uals. estntos, trusts, etc. rarnph rn. .-.ii Income Tx I'rubli'ms ' .-nt on n quest. HAAS & CARR Public Accountants rrnn-jll.liil,, liuildliiE Brruce sir. ,. , '" ;V" lorn. -in It.vetiua ' " Ag(-i ' In..,ii.e Tat I'epa.-trnent Diilad' iphia. Vn. 11:19 alio proflt-taKIng by those who bought on the sharp upturn yesterday. he new shipping rates, which were tegnrilcil is bullish nn the Xew Ynrls market and bearish on Liverpool, were I.lM'ipool. which wh.i duo to do tiri-f OS-ij Internl Paper . 35 Int Xlckcl . . . 2fii "..ii.ii.ii Kell -Spring . 7S t.OIIIIIKIIl , ,.,. ,,,, . 32, l.acli.l Steel . Iini4 l-chlcli Valliy 5rt Ue Knb Jt T.. 2.1'j Mat Molnr.... 28'a May liept Strs il.l'i Mex Petiol ...172 Miami Con Cop 23"i Mldvale Steel. . 12 Mill & St I. new l(U4 Missouri Pac . 21 ft, do pref . .. 53 a, Mimt Power . . 71 do pref . . .10,1 Xat Con & Cab I I 'a X.it Knain K S IS N11tlnn.il Lead. IIS X 11 T & Me. .11 ', X V Central. . . 73 XYCfcStl. 2d pr I24 X Y. X II - II .', North Pailllc. 0n, Xo,i Scotl.i Stl 17 iilila P , ll,.f. S', 43 l'a Oil-", SIT, 211', 77, 32 '4 i. Bfi OS'i . I'., 3.1 21T4 '.. 7 7 ft ft .12', - (15 .. l'i id :2 ft -1 nn.. 10', 24', 53 71 I (13 It's I7, 3l'i, All the Independent ml stocKs were j actively trailed in. with Sinclair ilulf leinandlng most attention,- that stock i advancing from- 2t'j Pacllle Ma I Pac Tel ; Tel. 3', Pan in Pet . lioft ,l,i ur..r l"il to 25', Inter- Cenn It I! ' ' IS national Petroleum old at, 21 and M, milium 12'.. ,,,............ .... - Itnint 1 1111, I. ii ir.iileil In 111 TH. 1.. IM.ll.. .. .me S2's nolni iiigner. was up ij ;' - - - ,,';,.' '. - ' i.l L. Pllts & West "".,', , , ,. .,,..- ,, . The war slocks were iulet. Aetna IJ- do pref .. Irade was moderately an ' piosi,,.,, ening 11 r 7ft and Ts, and PI" Arrow there appeared to he some bulng by t ....... . ., n,-r.",.,iri,i. do pref . . wan ;-irpcT The early break under sou ing. liiiuldnilun by yesierd; anil pressure from houses with l.lver- I Mil'sTKIA I. noo! connections carried the market J" . 30" . 1 02 -.-, ..( 28 L 28 L ., Il.l'i 'i5', ft ll'.7ft 1118ft I 1.1 -ft 23', .. 1 1 , I', 111', .. 21', -- 331, . 71 - L 1 11.1 I I's . 47'', -1ft r,7 1 - n4 31 1; i, 73 I 42 ft . 281, '... on j, p, 17 3 "ft .. 42ft ft fi'v - ft 311, -- ', 23 L -. I4 US', - ft I I -3 15 12 L Iln'i 3 I ', SI 7(1110 Texas. I'n Us 2000 Third Ave 1 iniidii do adj 3s... 'S 27L 27' BSiMKi S lllllibcr 3s Sii", Sfia, ue.', ilnnn do 7s 1li:ift 103 '4 ln3 '4, iiooo I- S Stl s f 5s.lno'B inn I mi linon Cnlim Pac Is. S7 Sf,', S7 3(iun do Us I0l; in I -ft 101", (1000 f K of ii It A I 5'-s, 1010 .ion inn mo 155000 do 5 'as new 1010 inn,, mi4 nn, I2SH00 rlii 5 Ls '21. ''S', 08'- OS'. '""" O" ".'!. -, i""-4 I"" A .... ,.PII tt.nn if..... M.I -.u ru -l w per mill. sinrks listed In tho Philadelphia Stocl Kxchangn and 111 which there were no transactions today. Thu prlc given 13 tho last previous sale.: Acme Tea Co 79 I.eli Val Trans 20 Alliance Ins. ID'.i lb Val Tr pf .'. Am C.as fifi'a I.lt llros . . . 40 Am Milling.. 10'S Utile Schuly. 48 Am llwys nf. 6C Mhichill ..'Mi Am Stores pf 00 Xotrlstown ..II; A 11 war ... 7V4 Northern Cen 74 Hrlll .1 (1 .... 20 North Pcnna. 04 luff & Susi tc 70 Pcnn Nat HU Huff & Sus pf 40 war ......2(7 c.imbrln. Stl. 115 Pinna Traflle 2'2 SCft Camhrl.i Iron '40 L Phila Co 5 pe Oil Catnw 1st pf. 03 pf 30 Cataw 20 pr. 04 1'lilia 1.1 w- w ; Cell Pas ltys. 10D i'on Trao X ,1 62 Com lOx X U.345 i; l'i 1111 lilt. 55 b'lre Assn . . .28.1 I'Viurth St XI 310 Hunt & n T. :o Hun & It T pf 1(1 .1 (1 Hrlli pf .704 Ix- Tel . . 1 1 Key Tel pf... 50 cent cumulative preferred stock to the extent nf $30,000,000 at par, that being tho authorized amount of existing capital stock of the corporation. It Is also proposed lo offer to shareholders $12,500,000 nf gold collateral three-year 7 per cent notes, lo bo secured by $11,000,000 at par of tlio general mortgage bonds of the corporation and $3,000,000 at par of the stock of tho Public Service Electric Company, Tliesc'fiotes are to bo offered to tho shareholders nt P8H and may bo coin cried Into the S per cent preferred slock, at tho option of the holder, any time prior lo December, 1021. Drexel Co.. of this city, mid Honbrlght .1 Co., of New York, have ngrced to lake notes not taken by shareholders. The latter aro glien tho privilege to subscribe pro rata lo $10,000,000 of the picferrcd stock. Phil.-. & West P It T - P.v.ys Cen 2 Tono Mining. 2) 1 n Cos X J. . IST'j I "11 ltys Inv pf 1 1 I'n Pass Uys.150 War I & Stl s',. gni!ll!llll'i!l!lll!l!n!ll!lll!!i:i!i:il'il!!!!IUll,li!l!l, m mPMrnmummmmmmazmMmMiu Welsbach West .1 & S S 45 York Itwy . . 7': 41 '.ii 1 ' I! MONKY-LKNDIiNG RATES t. rilllli.- Money on call, mixed g collateral, opened today at I'j per cent g for lending and renewing. On all Indus- J trial collateral the opening rate was f g Fifty -Five Million Dollars Of Accounts Purchased Ky Us In 1918 raiB'IWMilllJi!! 3 B ,. nentnl ltuhlior waa steady, with mien Pierce i ill . 17ft oiitbein sell- I H ,-, . ,., plus Cil pr. SC, days buyeis " Pnud (rk Coal 12ft V" 12ft 2S SO', 17 8ft 12 ft ii'.. .1 1 ', 23 '3 .IS', IIS lift 12 L 3 I ft SI 30 ' 102 17', S5'i, 12', 1.2 'a llc-crxe Ilnnk?" Discount Kates Odlclal illM-ount rat'-H at the twelve 1'ederal lleserve banks were as follows: (The first column gives the ratrs lor till periods up to and Including a tlfteen dav inaturlO, tho second for a period of' sixteen to ninety days. The third and fourth columns nre Ihe rates for rediscounts of collateral loans scented by go eminent bonds or Holes.) Coin piper lin. imii.t PI In Ho liliiilm The time money market continues i H dull and nominal at ,1'ili5'2 per cent B on Industrials and at 5 to 3'i per cent .0 on mixed securities for vlrtuall all ma- ,g turlties. jd Prime nieicaiitile paper is in only g miidtrato supply, owing to Hie uncer- p lalnty in general business, and the mar- nj kit shows a good demand at S'liSL g per cent g A good xolume of business continues s In be reported in prime bank accept- M ances. but lutes are unchanged & Call loans on accepiances or tne lust g! Is it reasonable that responsible Manufac turer!) and Wholesalers would have volun tarily sold us 5ri5,42t, 238 of Accounts in a 11)18 if it hud not been profitable to them'.' g Wo have no requirements as to time or volume. i I,'. il.lB il.i'S 1.1 llJS (,i t, I'.nstcni I I ft 4 O, Nov Ynrl I 'ft I (ft I'llllst'ellilil.t .... 4 l, 1 l, I'lelel.in.l l'i I". I I', Ittililiiimil . . "a 1", ', 1 1, Atlanta 1't Ift I I'v I'hl.'.iL,. I Ift I l St. I.mil ... I I". I I', .lllnii-.ipnll, . I'v 1", j.5l I', sun rrniii'1,,0 .. l'i .1 I', l'4 Kiiiishs I'lli . . ' .1 I1, l'i Dallas ... . I' Ift fl.1 I I'. Iii.ility are Mill IL prr ctnt. I'llll.Alilll.l'IIIA- -Call, fi per cent: time, 5ft ' 0 per cent.T 'onunerclal paper, time to .six mouths, '(J per cent; six months. 1; per cent. MlMill.X-- Money Is ipioted al ,'i per rent I Mm mint rales, abort and three months' bills. 3 17-32 per cent. 1 u 110' . 102 17', si; 12 ft about HI lo 6.1 Joints net lowrr as ' Aetna Kxplnsivc. o,m as the lose or Idveriswii snui Am-Hrli Mfg mil the wlllne order from that source. in Muicnni The maikel turned firmer on renew- Am Writing Paper, rd oNeilne, Wall street bu.Mng and a A'" ledueilon . .. . U'l. rate demand from bolh domesli.' ,,.n',;l!,"r"it' ,',i" ' ' . and foreign Intcresm, partlculnrlv for i'i,areoal Iron March and .May. , i lierolet Molurr .' The e.irh losfes were not oiii. re- ('ramps ..send, but prices made new highs for ''iirtlss ernplaiie . u. ninvt'tni'nt Mini? mtliP "tl io i'l " " r.f-v 'ttg amino ocnoj oi i.JH sH, EitentlJl Industries rSWwl Secure 6-7 Now In our nt steadily mestle boi.d crease the i lngl deere i 7T. n. i' . good ii -Iimllil he ., I. ami 'or do hi h w i n ihil "rr -e ml ',' , ll - 1 I'M" ' ' ' ; if . r u INCOBPODAteD Stock l.vrliniiEK llblB.. I'lilla. ltottnn Sen orl. pintf. bon lust night's closing figures Carbon Steel . . . I (,.. .n 1 Kn,.,. ,-.. r.1. I ..I ....... .1... ....((.... r.f .irl.'AU .. IV" '. " ' " ""-.(l' ,1 I..-.IH..I .... ,". ..-.,... , - ii,.,riu. juk ..! a (he (alk uound (he ring tlia' ,Mi, Torii lloat .. . me . xpeetaiion "f Increased exports nnd l.rbii;h Coal Sales. .. -, ductii'ii in a. renge bad mad.' .1 on- , l.iimi Ijmo ... .nlerable impressinn on seiiiiinetit. Maxlni Munitions . . ,..t 'lo.!.". in io 11 no iio .:in v.,,! A,,,,!!- "Jv.'T'uIn ,e.- ..p. II m Hin Mil I' "i , ,, , ,...;.''' P Mir i. .1 n.1 -J no .'.i.ho v:i ;:, :! 7.1 j:i 7 . ''tis I.ievalor j,, '.'.' n '.'.' 11.1 I.'.' M 22.13 I'S.ja 21 "12 Peerless Molnr ... ! . JL' Hi ii ik 1 21 -'I 2'l 31 21.111 21 !" Poolo Kllg j.. 70 V'i .vi 2" .10 siijmi 20..1.1 in r,o Sir.pps-Hoolb Standard Motors Collon Huxer, and teller. fteel Alloys . . .. - .. Kiinoi.'irlno . . . ..... ', n 11n.nl, HI.' ,:,,- ..-... .... fll llITU, .Kill -.' - ....lll. ,' (- y, .1 1. 1 I'.ird'iUH. P.ggait. iiyman. wan mil li"l-e hill, llussell !-.'niU, llosel SI Joseph Lend Todd Shipbuilding .itnl lt e I" "I . i.iiwpu i -11111. .(...-.11- Tri.,nr-., i,.(lril , , I. re. (i 1. Pttirotl and Weld olfer-l n ln,t 1 Kl..,i-l.; J x" V. llenrrlslex. Harden, l'llmi. Mil- "'' ' ." m-Iii. ft ft .l,,.,l. urM- Ihnstein. X-witihii and .,,'1 '''"l'1'' "' At' , M.m.N bid: W. .lumnen.. Wilson. mi'' l"l'rs "If,- '-'. 1..0.11S. Mit. bell and HarlleK offered. JJi0,1!?. ',""., ' . " ' ., .5 Wrlgl t-M.irlin Air Old ,,v Itrtlel 7 ft 7T, 7ft 2 6 t, 4', I', 3 3ft . . lid 00 25 33 65 SO 7 7 ''. 11(1 15.1 " .SO 00 II 1:1 0 on nfl 2 2, . in is 1i 2', S3 S7 3" 35 U ft . 3S .IS 2', 3 HI, fi 70 IS 10 .25 4i .15 3(1 7j Mj, .. 7 S 11 12 ll'i 12 I li 102 107 ft ft ft . I , 4 v :i'H, 3(14, 31,1, U . . 3L .1 .!. i7ft l'i 20 ', 77ft !!7ft Pressed Stl c. 01 Pullman P c.ll'i'i 110ft US', II Sleel spllllg ,2'e 71' Kay c Ciipin'r 21"... 2'" Heading 7SL 77 do 2d pref. . 37 'ft liep Iron ft Sll 73'., Ilnlal I'tllell . 7 Saxon .Minors si, S' I, !' P lift Shaft ink .Mm, ll'u Sin. -In Ir nil .. ,10 ft Si.lltll Pacllle os i,4 Sniiih It II. . 27',, lo pref fls Standard M pf. Vft Stmlebiiker 4!", Sluti Motors . 17 L Sup Steel . . 33 Tetin C & c . . 13' Texas Pile. . 33", Tex,, Co ... 103ft do U A S. . . 17ft Tobacco Prod. 73ft "ii ft S'r lift - ', ll'i - ', 33 ft -- ' 07ft - 7, 2ii'a -- ft US Mi'A 1', 10'., -- 'a Kl'j -2 33 1 13 L ;u i, ;i;(i, -e ', Pii'7, Ir'l --1 I7L 17', ft 73 I lift ll'u .13', Oil; IIS y.'-, 10 in', :s:i 13 Twin c 11 T nf sn sn I'ulon Pacllle. .127 12'", 127 , rnlt Alloy steel : 3s i8 3x1, :isia 1 Tnlt cigar S 111', lln'.j III 10 prri . . 11 j lib II. !'-. I nlled I'rug . 01 '.. !'l do 2l pref. 3.1 53 I nlled IVnlt. .1(12 1H2 fnitwl lly Inv Sft si do pr.f . . . 1(1 Hi I'Ki'l PAiPpf 45 1.1 , U. S. LIBERTY BONDS $50, $100, $1000 BOCr.HT. vol. I) AVI. RITIIXIMENUrn Newburger, Henderson & Loeb 11111 iiu.rM t TRi:rT ttmben . f. I'lilla. Mprt. i:,rh,ntn ,lu! 1. 'itimoeiis, 1enniun. 1 ade. Wiisoti, Held and Jones bid. ileardslev. ' l'MMlli Oil, M.'iin. WilRn ami Jay offered Illinois fi 1?.; ..'..I.rr Smith and Orl hid: llop-'ohto :iio if". k rs iiowps. '. ilunioeiis and Jhv of-' prairie Pine . 272 "75 (. red K O ('Ml S M N .1 U N V 2i1 ;su 31:1 i!5r 3 in PIMM 111 I'rniHiH.iU I.iicmool (Bolton l.lierp..ol, Jan .0. -Spot .011011 was I IMilll'll.MiKN r Oil, STOI'Ks ,iuiet lodav with prices llrm on the bsela Harnett rip A ioh .. r", ft 'ir an hqvuicu 01 " i"i'"ii i" oienoiiiK, ,,,,'," " nld contract, at IS 12.1 Sales werelhlk Ilasin innnn bales, receipts 0300 bales, all 1'ederal (ni . American Tutures steady in the early 1 Inter Petri.! den ncs snoi prices were- American. , ii.uw..i .1 1 inhMIIng fair, 10.43d. good middling. ' lS75d: nnddllng. is 12.1: low middling. rnimiry, ASS 311 ,'ICK OP llll. ll'IMtl. IIP ICMIMUN 17 07d , good nluu.r, 15 53d , o 111 r w i.s , -,,.,.. T Hdll. Ku.ini ISO iMr.trrn lailr.m.-el ,''"'-" . ori'icK op ci 1 j i-iiHrt .'ir, . j, 1,, ,r '. ! :, ., np,iri, ,.,,.,., ., 1, 1 r., in,' tiiuK, ir.l,'- tnl. ttatlonery .ml ui'i. 1, win !,. r .t.v.il t thlt oltlre um.i Jrlirnarv IS, J01II. at 2 oXnek l. m. ni ill I.I.H .1,,. mi' I,.. " ,,iii "',"';' (..Halved on the .a'l .1 to 13 pouiie. will. ccordanee wm. in. imoin inter.., t I inner tiems 'lie oni All Hrtnl." H ii'l itk lei up.,n mut h.. .,f nl-ich there were sales. tti bftt nimnu ,,,l ,11 ...-orilHrii-c, with th, r"ri(.n , T,i.,', NKW YOHK COFKKP, .MAIIKKT New- Vork. Jan 20. - In a murkei x ir- tualh linie nf otfenncs. .nffee futures Merrill rill .... Midwest lleflnlng Met Petrol Ohio l.'ut'l , . . . Snptllpa. Kef . . . . Serpioyali Sinclair Island ml ileiirock nil . . . 0 2ft :,-?'' . 21 .125 a, so 7 ni, 2'-j 7(i r s 1 nil M 102 '.. mi", r s ltull . . . 25 26 P S KuMier. 7ft 7,1'.. do 1st pf tin in'", I' S Sin & lief. 1,1 I.', p s m.Ti . . ihi's s' In pr.f. . 115'; 115 I'li.b Cupper. .. 7" (Is 'j I tab Sec Corp. 1 5 'a 15', 11 -Cm I, iliem. 62 52 WaUish . . 7', 7', .1.. pref A. 31 '3 31 , West .Ms i'v In in! 10ft Hi", West Pnlon Tel 87 SH ', Went ing Mfg .11 I" ft WIIIs.overlaii. 21', :.(', Wilson Co ... 1:7 r,7 .ili,. .11 ..3 I I HI2 I'j .v II 15 ', P'2', ', 25 ' 75'.. 1 mo', 15 ', SO', .". 1 ir. (.0 -I 15'. . ' EARLY START ON HIGHWAYS (.overnor to DUi'iiss "Vi'i'ilnl Laws Willi ('oiiiiiiisi(incr Sadler llarrl, burg, Jan 20, (Iommihu Sproul said luilav thai null, on Hie Mate liigh wajH. for Willi ll (be Mitels last No xr itili. r 1111ll1.1rir.e1l 11 $5ii, nun, nun l,ml n--sue, would he stint, d its suou as pos sible. The (iiiiernor "-aid l.hat he would cnti I. r witli State Highway Commission. 1 Sadler on the legislation mcessaiy to start the woik. The bills will be tiilioiluce.l Into Ihe la L'lslature as soon as the: can be hafleil. As soon as the bills uie passed by ilie l.iglslatuie and signed by the iloM'inor thn work will b" started new stslein of Slide highways link. It.g Up all ihe Important enters unil the ImproM'nit'iii of existing roads will1 be Inclinh d in the ptojeof. CHILI) MKS L KLA.MKS rour-xcar-nlil Hoy l'eri-lic. When lle Him- llaik Into Home Holer, Del., Jan 20. Saved once fioni 1 Ihe llnlues ..f his home, tour-year-old ' Clarence Piirhain ran back Into the n,,u- ,i..,rliius todav inmni-eil uiili house to rescue -.ni hcrlshed to and , rcnii'ii'lhiu !.. l..n two e.us. was burned to ibtb 1l'l. . , .".". .. M7 . The nous... ,. -I..,, ... of wniiur 1..JI. i-h.,- -;; .-i s .ii.y-j '& lam. near i-.n.iiis . orner, was '"'- v x -k ;,'.ia r..1i"l"2 ton (177 7im .117 s'i; ti'.r. Ilalniniii" II 2.17.23s 1.37:1. (1.12 ii.iisii no.-, a nmr.K.N rA.HAM;i: New lurk. Jan 20. The reunite of the foreign exchange maikcl this niorn Ini! was weakness In neutral exchanges with Ihe exception of pesetas. Seandl- ii:ii:ins and Swiss declined to new low mils mi this inoMinenl The declines S are attributed to the prncers of ic- S adjustment that is going 011 all over the g world, and. fnrtheiniore, the neutral s exchanges for a long time past haw y been regarded as aillllelall supported B. Willi the leiuni lo normal pre-war M conditions it Is lueMlable that the nn - E niluui on neutrals will disappear carl. Some hlllllellce upon the 111,'llkel Is now' liehn: re I cctei I nun I he ininemetit to fai'llltnlc a laigcr '. ohnne of ocean 1011 uage 111 various din ctions. Peseliii. hell steadv lit 20.1.. tor rallies and 20 0s for cliecks. Sterling, franc and lire were linn lliislness was not large. Ijuotat 1011s were' lieiii.iuil sterling 1.73ft. cables 1.7(1 1"-. ilxty-ila.i bills noinlually 1.72 L, ninety-day bills I 7I'. Kiiinn cables 5 4.1',. cheeks 5.1.1ft. Lire cables 0.35. cheeks ii.:',7 Swiss cables 4.02. cheeks 1.05. litllldfr cables II '4. cheeks 41. Stockholm cables 28',, checks 2S. Christianla cables 27V;, chocks 271J. 'ipenhageti cables 2'i ',4, checks 20. Iluble currency was weak at 1B''i 15", a decline of a cent In the last two days. (It'll VOI.CMIJ 1012 fi Month? f2.no I, H4: T0T3 !l.li:l.H3 1011 515,011.155 1013 517,581,756 101c $35,001,972 $51171 $55,4218,258 1 E ft You have Accounts Receivable, only because you can't sell your merchandise for cash. What is the real difference if you sell mcr 'chandise on account and then sell the Accounts for cash, if you can mako more money by tlointf so? The cash is of the same use to you whether received from the sale of merchandise for cash or on account. Wide-awakn concerns fiRurc out how they can make more money with ourinoney than' it costs tlirm a clean additional profit. They can make the discounts on their pur chase bills and thus improve their credit they then owe less and om be mo4c inde pendent. We onlv solicit .Manufacturers and Whole salers woith. $211,000 to over $1,000,000, whom we caii trust to collect tho Accounts they sell us, so as to avoid disturbing their customers with notice. Their customers, their banking connections and their busi ness organization are not disturbed in deal ing with us. Let us show you how to turn your profit less Accounts into cash working capital and at the expense of others. rHnHii'UiPiNUHiiiiciinin'ij.iMi.i.'H iH-i.iii'iiiiiKiiiLMumMiiuiiiUMKip'tiii.iiuiUMi'nii'Ln'i'inin-iiiiPM i'i:i:,n Commercial Credit Company Cash Capilal $2,20,000 Surplus $450,000 IJALTIMOKK ItTr.'s. nt"'! nt rilll.AIi:i.l'll!A. .112 St. .ik Ilmninc" Hkls. . il'lii.n.' l..ii-ut 010) NHW Y'lltlx lio.viov CINCINNATI Atnllllted with Commercial Acceptance Trust C1n.l1 liinlliil 1. (ion, WW 2IIS S l..i Salle Si . CI.I. .iku Ui: HAiNK ;i.KAIliCS piiNinniaiiii'iiiiiniHM htroe(l bet We, this inornitig eept three 1I1 Miinnee. The lire I-. I'iitlsed by nn sideboard a midnight and 1 ' Im-k Nothii'ir Mis sanl . -irs 'I'here was nn In- n)i,,-. d lo have diren 'i. w it g in. id he- 1.11 a II Ml SILVER i'"inni''i' .il I'.r silver was uuui , ,u S .v Tnrk "'! " :il $101'.. 111uh.ll1s.il 111 I.01, don at is,'-, uii. Ininged. ill"; in- II 23' n 130 :i' l 74 ' SB U position In impls. npe.-ill. Ktl.iri. rrtniea Brii.-oui. etc iv 111 Ii iti ln,. must III., ltlda .m... .. ... be made, and 1...11 1,1. l,l hn furnlh..l .liifv ... Upon UPPU."t'.l. I" this ,,m. e. ,,,) .), fieple.lllier tiAMLrH ulallnn. ri sum, i a ....., 1 I .....k.:, h,',V .... ...'.. nr.'."' ."".". iwiemoer IKllilred. -llld No bld Wilt I," rr, r,w.i exrpt fr(m BP. "'" . ons who nre ni,iiiuf,n nireri of or dalrs In Ihr. rll' le in- I'.d for ,,.., ,.,..,,, mipli-i Kuril prrmnfcdi irnist tie a. ,'oinpnnled by . I.'I'.AL .ill.Al .H.iltM.I rwftIlVnrllmi .0 ,'?s'',l,hrr..,ahv,,r?,l!;,h" '" repor' nn Ihe fre.h m-( trad. '1, I'lnl- J?CounrruSr."da;'d . "S Aon '"" 1 .Ml.. ' e" 'lij ll llvVo. U Uy order ot (he IMn-d , rrfn- nf th- llurniu nf M.rUe.s. I mml JOHN V HA1VF4 Stsl". fieprlmell of Srl.'UllUr r"hlf' ci'erk KnEHII IiBKP- lcdpt mnd.T.tr. np- pnK ni cnniilii'i. n.i.i iii-..is.(. K'..'.r'p n i. , ..... " ' mulalina. nn.rl.ei nbout steady on com! be.f; Anjiiial Xlfelln.. 1 cnmir.oii klndu xouker dnmnd poor. STIiKlls- i;etipt. rainy nperai. tk Art: in siv.(Mto.i)i;ns ' a?,J , I NOi.t .1 IH lll'.lll- MV HIVI.'N that 3 Sr... ?,''' Vlil Jttetlne of Ui 8i.v kbnMer. of "The1 " At lain. 1 Hlg LedRe l..se (ineinnu nutio ."xew lorh m 32 ;.! in con Am . 1.1 17 '1.1 211 c ! S & Jeruine. !:!;!'? il'Iit1! '""'" National 12 9.1 '13 0" ,;,,idrield Merger . '" ' " I'loldtUdd Cnns . I (Joldfleld Plnrence (ioldlleld Kowanas (Jr'en Monster . Hecla Mlnlng llowe Sound . . . Independence l.oad .leroine Verde J tin llutler Jumbo lOxirtiHion Mclxlnley-Iiarragh IIIVIMi STOCK-. !' . hull- Magma ' opnnr . . Mother IiiIb Jll, I 11X1. Illllllv .1MI l,l, (,A... ...... ... H ,., I'.T n,u.V( uALal ll,(u .V. r, f AtllMrk'H ' ''I!AW , nn .....n.A,. un.l .nn.lt. im h... uf lis In S'.'ll I Vn.,.,l 1 1. 1 Id ..n.l lurni Nivalin Wonder l . 'iiWH- lleeeiptri moder.i. upplies Ilk- v.Ksni; .V ni Ijinir KonU i. 1 '(itiini, " v I l, 1..1.I erm mure! pk iu ii-ht ni ,. ... rin on April 3, 1010. i.i 11 .'. i,.k i, m at th ' 'l'"iii'l P' , ,,. , , . , otTlc of the r.inin..fi. '.'li nn.) OarfieM I Kle-lte-lpt liberal market draffs' t.. rhlladflph a (., lake nrllin on the l and ',' lowr. at 1 1 lo 22. auppllo ced approval or ni-ipnrn m or h propnil in i d-lnanu I'nmpany in cr.ae of lndhlrli,i nt tli II. lift. tl.,..lnl. ni.il.rnt. th mm of fmn hundred 'hnuaand dollars ' ai 3 to .2fl d-mand only fair ?0o-r'1 lo,1'" Jrd h iiHirtBaee upon I T.AMU nc.eipm ninder.ic, ui all &r IhA m A lAx.4axahia.jtmilv..r.. mt t a.l.l I . mi. I. .Mxr rni nun .-.aiuini .'if 1 ( riiillip nurtiet rIom' N'lpisslng Ohio Conner I lay Hercules . . San Toy Tonopah llxtenslon I' tilled Verde ... . West Knd Con... . rpiies arm whlto Caps : 12 5 ' 35 1 43 2.1 S2 S. ni 2 a 13 3 i . 37 " II 49 5i '.. 4 ' $0 1 IK l. llivldeml I ailed I'l.ar Sinus. 2'i. ;; IIIVIDKMIS DKCI.AHKI) . bit riiatlnnal ll-.rveater '.irpur-itlini .,f New Jrraey, ttmrl.rt.i of Is. p.-r i em ,,n preferred, najahle .Mail. I In !, I, i,f rn-nnl 'tB. 1 l.rury x '' i llaaiern Steel I'limpaiiy, iiuartirlv nf '" ' per .'.'nt ..n .mnninn. pjvahle April 1 r n Ktix'H nf r rd April 1 and iiii.irtrrly pi.. f.rr d of P, pyr eeiit .a.h .,i, I rst and 5 sci nnd prefrrieil. puyabl" ilur.'li 13 tn Blink 11 nf r.inrd Maieh 1. .Standard Hainiary Manufa, I'lr-n i nm pan.'. iuarterl .f l'i per .-. nt on (in ferred and !' i-r .ent on inmniriii i,aii p.oatile IVbruarv u to hnl.l'.n nf r,..,r,l I'eliruiry I I'hlladellilda ''oinpail'-. ai'ln uainal nf L'I II. 2.1 .. sllar on the .1 per . .'lit pi . f.-rr .1 pavnlde March 1 to holders of r. . nr.j M t, niary in. Llsnell A SI'era ToImmti . 'eii,n.iii iu, tarlv of :t per .-eni on eimn..ii i i.i x ., 1 41 - tr". 3d 13 SI u?i...r l m ?r,.S. . I t IVIF, ''" ' niuUiinir: marl.e. ,io- on freh lamb, nt Vertiiglon I iii',fri.lV, .h!"!!1!.:? " ' l!l' ', n'"nn J'.M to I2T aula noei. lower ui ls lo 2.1 I ' rl",l Ilr order ot (he board of tire...;-. , demand light l IIOM are....... ' -Ml'TT'iN llf.elpla mnderato. market .... ... ..,, '-'"' ,r ,, ,,:, , ,n, rt.mand ju.t fair Hellilehem.fi 'tiotesi IM "iiiiii""""""........"" .. BB I'mj.la.1 I'lli Kit Ell No Clung in Refined Su?ar l).,ner Sleel Inrrea-e Canilal it llonner Sti'el Com Cneden Oil Us. Cosden rv Co 'is. . 1 Cijdnhy 5s Itusshui l.ovt ."i'b x.iv ion., ..an .; m co,ioe v nn 411...... I ,,, Itporlfil III riliied sugar 111 relners "",,'-,,,. ,,,,. ,, .... Se retarx do fi'-s Siulhrrn Hwy 5s . ns a !.. .-..... l..A. n.. .l.n l...u.n e Rri KCCTIUIOK ""I""'." "II 'le I anil. .11 ...... ,,,, .. t I ...., ... t ,, ,.n. C. lesa 2 per cent ror easn, rnr Inn '' , ,' i.' ., ii.7 , ili ii Sinclair UII (Is . K5 jfanulMH. flaws are ) unchanged at the '' "" from U-.000.000 m f 14.000.. "Sfhunj,,,, j54 2 A 2, "2 32 ', 1 ( I fi 12 14 I Ii mi mi 'i so an SI H2 in: i, i ic ns .is ni i;;. i'l 13 5lar. Ii I to mIim k of rerord IVI.ru irv IT iniami si.-ai innipanv, iiiarn'i,v nr .' in eatit. tiayahle .Marfh 1 to ali a nf r ' .u I Mbiuarv lo Asunelaled Iry (IooiIh (".imp.in naarteriv if l'i Per .ent on tlmt irefi'rr.'d iitid I8, per nt on ..nnd preferred i.,,th t'.ii.iiii. Msreh 1 In .(nek of reeord I'ViTturi x Salaffi' Ann Conituiu. nuiulirU of , r.r cent nn flrat. IS I,rr tent nn s,, .01111 pm f.-rred. and l'a twrieni on orniin.Ti ml p.i aide March 1.1. in .tneli of n 1 .irl I', bin ary S'I- 3. li. Willi" I'o. Ine dUarlerh 1 , rar rem on tireferreil. na..hle .Miireh I tn ate. U of r'-enrd 1'i-liruai.v 11. J li. White Mannui-ln.nt .'orpiirnilon rtuarterb of tl 7.1 on preferred, p.oatil. March 1 10 utm k of record l'Vbruar 1.1 J. (1 Wbiti Knuine ('nrpiiratliin. nuaiirrlv 1 ', per (ent on preferred. 11.0 able March I In alnek of reeord Pibruarv 1,1. 1 A:ic 1 nn 1V7 I I'-xIra by .Slandard Oil of California 1 ini Prnn.li.rn, Jan 29. The Slandard Oil Company of California has declared the regular quarterly dividend of J2.50 and an r.xtra dividend of 2.'n. payable in in 414 per cent Liberty Hoods Iloth 1 dividends are payable .March 15 In stock .of rerord February 15, DUIilrnds at . same rata were " declared In previous . 'quarter. UNITED STATES GOVERNMENT LIBERTY LOAN BONDS Approx. Tieia ...... ou. ;--. Pr.r.f Srl; on Callable Dat Maturity 3l2' f 1932 1947 3.60'(7 3.55';;, 4',; 1932 1947 . 4.65,; 4.40fc 4'f 1927 1942 4.92 4.47',; 4W; 1932 1947 4.70 4,53'; 414 1927 1942 4.97 4,62',; 414',;, 1933 1938 4.75 4.68. 414';, 1928 4.85 SS0, I1C0. $500 AND CI 000 DENOMINATIONS FULL INFORMATION REGARDING THE TAX FEATURES OF THE LIBERTY LOAN BOND ISSUES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. US SOUTH 4TH STREET PHILADELPHIA 14 WALL 8TREBT NEW YORK IIOVfinNMP.NT hr.CL'ltlTIF.S IIEIMIITMEMT Ibl.KI'IIOM-;, llhl.I,, I.O.MII.MI1) 4320 liUVSTIIM', MAIN J3KI giiiiiiuiiiiiiiiiii,,,,,,,,,, iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiini'.iiiiiiimm 1 Make Yourself a 1 1 Monthly Allowance 1 E You can take that money you have put away and E E invest it, eo thnt tho principal will remain always tho E same and the interest will hiinp; you a i ocular monthly E allowance E E This can he arranged by our special selection of hijih- r. E grade bonds, of which ono coupon will come due overy E E month. E Wc Hhall bo glad to explain further on ieiuet. E I - VfEST & OO. I E BANKERS E 1417 CHESTNUT STREET 1 E Hamhara J ' orli Mori. Kxrhango S MemDer. ,.llllu(irpll, bocU K,cllJnft Tillllllllllllllllllllllll Illllllllllll llllllllllllllllllllllllliiiiiiiiiiiiiiiiiiinl TO THK HOLDERS OP THE Government of the United Kingdom of Great Britain and Ireland FIVE AND ONE-HALF PER CENT. SECURED CON VERTIBLE NOTES DUE FEBRUARY ' 1, 1919 N' daysSicK feuafryGT,atll)7'itain """ ' Ztl Tho undersigned will, thoieforc, bo prepared at m. n to and including February 1, 1010, to acelpt Buchnotcs for .o Up Bion without requiring tlio ten days' notice. 0r conver- Bankers Trust Company, 16 WALL STREET, i. n New York. I JL.i . Uatla. fmk - rrrrc .1.1.1. rii,ti .( , ij , "i.t i'j I n,
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