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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.
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