v., EVKfrlftG PUBLIC LEDGEK-PHiliAyfepJai iyy38Jil)AL SBXJABY. 5 JMtf' 18 V- LVs (-.? B V v.. 5 lu IS" Pi r 'S V cs Vfi P ri l h I? la r i It. J$ '" . 'a- k- 1. ,-,, !?'' 4 (7 I '. ' 1 : -fw Suppose You JJHave $5,000 lTo Invest. J' .nd vou wish to enjoy u"the greatest degree of " safety; fe' a good dividend yield; ', 4 the possibility of a mar- iv'V ket appreciation in the j v value of your purchases. v"i There is a simple method used ,x extensively by successful in- t Vestors which should be studied carefully now by intending pur- 'chasers of stocks. & "Market Strategy" , revised to date, is a free vest pocket booklet which clearly explains this method and gives several easily understood ex amples of how it operates. Ask for Booklet TU-439. JONES & BAKER SECURITIES Wltfnr Bid., Philadelphia 'Phone Bttt, Walnut 1690 Ktyttont, Rat 2290 w Tork nit-hurth Clci Dirtct Priiat Wtrit Boitoa FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATI6M New 'York Stocks COPPER GROUP SUFFERS SEVERE LOSSES ON NEW YORK EXCHANGE . AJnx Ituhbor . 71 I Alaska aid M. . 3$i i r. . - --v it - . sAlnskn .lutirmi. j American smelting .Drops o i'oints During Day itcstAiii8-ciiimer c a. J N-t chite of List Shows Remarkably Firm Tnc Steel Issues Strong Liberty Bonds Heavy High I'oints in Today's Financial News The copper issues suffer severe losses in the Now York market, although the rest of the list holds steady. Trade on the local exchange is fairly active. In most cases, price changes arc uninteresting. In the Curb market oils continue to attract nttcntion, hut fail to hold gains. Foreign exchange was steady, with an almost complete absence of bus iness. Cotton was irregular. Prospects of an enlarged movement and weakness in the cash situation increased bearish sentiment in the corn market. Bar silver vas unchanged in New York and London. V. A Wide Field For Investment In buying securities it is dcsi a MKC a uruaa v of the investment field. Such a view is afforded by our monthly bond circulars, which present a list of from fifty to seventy-five issues of high-grade bonds and short-term notes. Our Ftbruarv offerinc ti lit b urntahed tpon rraur at tor PE-ttl The National City Company Cerrupondtnt Offices i Jj Cttiu riiUJ.ui;. 142? atitni st. Telephone J4M Locust New York, Kelt. 5. Slock market conditions were put to a seere test again In today's trailing when the market was called on to stand nut only the unfavorable disclosures In regard to the copper metal truile made at the conclusion of the copper ronfcreiice In Washington jestenluy, but alo to stand the effect of the abrupt cut of Jhe American Smelting dividend, uliluh was reduced late In the forenoon, when the directors declared a quarterly dividend of 1 per cent, putting tho stock on a 4 per cent basis, compared with 6 per cent, tho previously established rate. Amorican Smelting had been heavy from the start, and when this news was published pressure against the stock lncreahcd, carrying Its price down to 64 late in the afternoon, a loss of more than 6 points for the day. Other copper stocks jlelded about 1 point, but tho trading In those issues was small and confined nlmost wholly to tho speculative element on the floor. The rest of the list showed n remarkably Ilrm tone during the greater part of the day, with many stocks advancing, whllo the copper stocks de clined. In the lato trading the traction group demanded most attention, the bonds and stocks of lirookilyn Hapld Transit and Intcrborough moving up about 1 point and causing Increased confidence in the prospect for higher fares. The steel issues were strong at times, but met a supply of stock at moderate advances and ended the day without much net chance. A feature of the trading wus the disappearance of speculative interest in the motor group. The bond market showed conflicting features. Liberty issues were heavy, with the- fourth 4',i declining to 94.00, a new low record for this movement, although savings Institutions were In the market as buyers on a large scale. Brooklyn Hapld Transit bonds and the Interborough Issues made gains of about 1 point. Hallway Issues were firm, with many making fractional advances. SUPPORT IS LACKING IN THE CORN MARKET EARLY COTTON LOSS IS SOON RECOVERED rT Safeguarded Oi jfSgA Uea SEVEN PER CENT PARTICIPATING PREFERRED SECURITIES Write or phone for "The Semaphore." Which explains our plan of safeguarding secttrities H A Sntw faComoanu f 4M ia'Mr -- -j - K WidenerBldg. lf,v Philadelphia jLVaTTa. A fx Prospects of Enlarged Move- j Opening Barely Steady, Dis- ment and Weakness in Cash I Increases Bearish Sentiment tant Months Show Most Steadiness MR. HAAS lately of the Income mmmmmmmm Tax Department Washlncton, D. C. INCOME TAX CONSULTANTS Specialists in preparing and (lllnr returns, auditing and closing books for cor porations. Arms, individ uals, estates, trusts, etc. Mr. Haas, S years, Sir. Can-. 3 years, with tho Internal Itovenue Bureau. HAAS & CARR Public Accountants frnnnrlvanlB Ilulldlnr Spruce 915 MR. CATin formerly Revenue Agent. Incomfl Tax Department Philadelphia, Pa. l.OO'i 1.10H J.1SH .14'i r.Mi r.74 JI.R7 S1.9S 22.2.1 U1.&0 il.37 i'1.0.1 :n 10 20.li so.40 3H.50 3 00 t37.40 Oar bulla policy I and aliray ha bean to dlatrlbnt Local Industrials Only Adherlnr to this, wo are offerln; tb orlalnal Usuo of . YORK STEEL CORPORATION van Der cent, cumulative, nir. , Ue4AtlD;, preferred stock on tho MrtJa.1 payment plan. Upon In- MtHratIon you will find th op- Mnuniiy ror conservative Vnveet ' BMOt beyond the ordlnarv. alnnta Wtaila will be furnished on re- er & Compaiyjnc. ', Wiilninr HoaMln. "fi-7 'Waatnt Threur.vt taMleWklt 'jKtfl EaMMMMklM MgM .SicvxttoAiJoANw la oiir opinion there should be a ateMllr Increaalnt; demand for do meatlo bond Issues, which will In- ' their price and correspond tntfy .decrease the yield. Secure , Jbow and assure yourself of a we. income in ino iuiure. v V Bent for Lilt .. rW.fiKWKSS! Xsekamre BMjr Pklla. Nw York U. 5. LIBERTY BONDS ), $100. $1000 mrvmMssf1 MnnnlnMI fV V snaftnt CHAIN IJFJ.T MKITIIKB mRKOAST C'hlraico. Feb. B Illlnolrlr lonlrht. fnlloirrU br Inrreaulm cloudlnp Thuri MUnonrl and Kn Inrrilnr 'lonH nm tonltht. beomlii unsettled Thnrii- IVIaronnln Kalr and told lenUhli elrar. MlnneMtn Fair. unttled ooth to nlcht and Thumdar. . Iowa Fair lonlihti Thunder anwttlrd. pownlblr ftnow . eUrrme wept. North Dakota Know tnnlnht and Tliuro dr; rolde r Thnmdar and In wet. South Dakota Snow tonlrht and Thuro davt colder went. Nebraska Inereanlnc rlonalne to nlht with mow weti Thursday probably nnoiv Montana and Wromlnr rrobably enow tonlibt and Thursday, colder. Chicago. Feb. 5 Prospects for an enlarged movement and weakness In trfp cash situation Increased the bearlsh nefs of sentiment in corn today and tho market suffered further secre losses. There was heavy selling by houses with eastern connections, by local pro fessional bears and by pit traders. Sup port was lacking, about the only de mand coming from shorts AcUlces from the Southwest said that feeders were offering to resell and that farmers were more anxious to pari wun their holdings. Tho weather was favorable for shell ing and for forwarding from first hands, but unsettled conditions were forecast. There were sharp declines In oats un der free selling by commission houc and locnl Interests. About the only support of consequence consisted of profit-taking on recessions. Numerous stop-loss orders were caught. Receipts and offerings from the coun try wero not large. The domestic de mand for the cash nrtlcle was slow. Corn (new dcllvr Test. Open HlKh Low Close close M.v . . 1 1(1. 1.17'i l.TJTs l.iaa !.!!"s JU1V . 1.1.74 !,! Oats Mny . .. fiflJ 7. July . "4 M "' I-aril May . . 22 17 22.2S July 31.82 -'l.no nibs , Jlav ...20.37 20 45 I'ork May ....37.00 37.30 Ilia. TAascii. DIVIDENDS DECLARED Harbison TValker Ilefractorlcs Company, nuartcrly of H v" emx on common, pay Sbl" March t. to .lock of record February lU. terly of 2. payabl. March 1 to .tock of record February is. Home.take Mlnlne Company, fifty cents, pajable February 2 record February ::(i. American Tobacco Company, nuarterly of Vm per cent on preferred, iutab!e April 1 t .lock of record February 15 FOREIGN EXCHANGE New York. Feb. 6. The foreign ex change market In tt-e early dealings to day showed a steady tone but there was an almost complete absence of business. Quotations were1 . Demand Sterling. 4.759.. cables 4.76 9-16; sixty-day bills, nominally, 4.73H ; ninety-day bills 4i71'6, Frane cables B54, check B.4G5.. lire cables 6.3S, checks 6.37; Swiss cables 4.93, checks 4.96; guilder cables 41V4. checks 41.00. , , Pesetas cables 20.20, checks 20.12; Stockholm cables 28.25, checks 28-05. Chrlstlanta cables 27.40. checks. 27.20. Copenhagen cables 20.10, checks 25.90. Ruble currency was quiet at 15.10 15.30. DANK CLEARINGS nnlr clearing, today, compared with cor. yapondlne '"WlV' '" TO." 1017 Phlla... If,B.0.IM4 $41,ntlI.4S .SJ.JJ2 lloiton . M.nM.2TO n0.0ns.722 88.041.5S0 N. York 6SH.0W.777 BJ4.27n.71. 75H.4.V.M3T St Loul. 82,(1.10.272 2n.43.lin0 10,Sll.4n Baltimore 10,213.034 0.303.882 7.284.07U Imperial German ifank Statement nerlln, Feb. 4 (By A. P.)-Tlie statement of the Imperial Bank of Oer-many- for the week ending January 23 shows the following changes: Total coin and bullion decreased 1,182,000 marks; gold decreased 1.78S.000; treas ury notes Increased 321.537.000; notes of other banks Increased 423,000; bills dis counted decreased 977,332,000; advances Increased 674,000; Investments de creased 3,453.000; other securities In creased 592.286,000; note In circulation Increased 866.843,000; deposit Increased 1298.478,000; other liabilities increased 364,48',.000; total gold holdings, 2,255, 400,000 marks. No Change in Refined Sugar. ' 3tfw Veek. Feb. if Refined sugar are nnninnnd at c Irs a uer cent for cash. rvmatwl U lkfht with supplies ample. monthly of :3 to .tock of :i(l- i.juijt are'ualHiBelat 7.2U. ' nVL COTTON IIKI.T WKATIIKR CONDITIONS l?.'lurel0J';.F'h 5,T-Th' '""""I" Icm ihu S.7? i '" r"'oriJr1 ! cotton belt mis mornlnsi I viii.',"'ln!",.i.i?',d W.hom. 2l Knox. ?i 3?i ,S2P Antonio. Mrrlrilun und At-l'-i.', 36' yifienort and Mcksburr. 3S ffi.""1"1', 4r' alr.nn. Micon J'! "'"J"",, and Aliutn. 44 rharleI TiI!,,.ndiMlllminifl'.'n- 4"! Savannah. ftOi JJjnVV"1' H2' N"' r funs, fen-urolu nnd Jackson. Ille. 34, nnd Tmn. Hi. .J ","? Ineh of precipitation ( ml?r7. nl?1. f"T."nnUi! "' ln'h Wll- Ll iilSfiill4 ln'h"" Thom.s.lllei .1 Inch r.VSIlMl,l .?" ,;ih."t'n Antonio nnd E.iPu". C'r,",J' -so "' ' Tumpui .40 Inch at lckbur nnd Hhreieport. New Ynek. TTeh K Th nAtAH - et opening was barely Ftendy today, at 26 points decline to 10 advance, the far distant month" nimu-inr. m.f steadiness. There Was n trnrn Anal rf ..lllnH A the call, chiefly May, attributed to south ern account. Whllo I.lvnrmvtl wo. o huyer. The cablpK wr t. i,nn.... of a little hedee.Klllnir in h. 11,.. pool market. Later lmproement was shown here as a result of coer'ng and the market had recoered tc wltiiin nh c -i. of last nlghfs close on near months. except ror the New Orleans selling at the opening, there appeared to be lit tle or no pressure from the South anil the market firmed up right after the call on support from some of the local bulls, covering nnd trade buying. May ndtanced from 21.98 to 24" and Ju'y Bold up from 21.20 to 215B ...... wun montiis showing net vances of about 8 to 16 nnlntx. The olume of buslnei-i then tapered orr and the market met scattered realiz ing with later fluctuations irregular The receipts nt the ports for the' day aggregated 22,000 bales, against 30.422 bales n week ago, and 10,663 bales a year ago. Vest Today's 10.30 11:30 1:30 2:30 , .. .I"1 '"" nm am p m m March ".1 in 'i n a 00 ., .. . ..,-,I- 3Iaj ... BS.SH 22. in 23.au 22.20 2" "II juiy . . 21.31 21.20 aiiJn si 5" si: st:?'. October. 20.3.-, lit.iHi 111.no in.no in.no to An Dec'mb'r 2O.0X 19.7K 1H.7U 10.70 10.ro a-l JIONEY-LENDING RATES NK1V YORK KTnnrv mi nnll n.lVH.i collateral, opened today at 4V4 per cent : , ''u'k nu renewing. t)n nit Imlu. trial collateral the opening rate una K per cent. Although renewnls on call today was 44 per cent, the general tone of the monev market war cnllerl Anui ri, demand both for mercantile account and for Wall street Is modernte nml monev continues to accumulate as 11 result o'f tne reaction In general huslneau nnd manufacturing previously stimulated by Kir wiir. Strictly locnl money Is not being of fered to any appreciable extent, So far as Wnll street Is concerned, the opinion Is expressed that no really Important demand for money should he likely to develop above 4,j per cent or there abouts. Very little business is being done In time fundr nnd tho average is &L per cent on Industrials for sixty and ninety days nnd nominally 5 per cent on good mixed loans for tho same maturities. Out of town there are occasional transactions In prime mercantile paper as low as 5 per cent, but New York buyers are not taking anything under 6i per cent. Prime bank acceptances arc fairly ac tive at the rates that have been current fur a number of weeks past. fall loans on prime bank acceptances are unchanged nt ih per cent. j'liii.Anr.M'HiA call, c per cent' time, 6i6 per.cent. Commercial paper! three to six months, 606 per cent; six uiumii., v ircr vruif LONDON Money Is quoted at 3U per cent. Discount rates, short and three-month bills, 3,17-32 per cent. Reserve Bank.' Ducount Ratei Official discount rate at the twelve Federal Reserve banks were as follow: (The first column gives the rates for all periods up to nnd Including a fifteen day maturity, the second for a period of sixteen to ninety day. The third and fourth columns ore the rate for rediscounts or collateral loans secured by government bond or notes.) Cfnm.A"nMr v. paper - . v ,n to UU day. 15 day day. S 4 s 4'J 4 4S 4 ' 4 4K08 4 8 41. JojTt l Group Is "Active, but Fails to ugar 68-Ji 68. 68?i .... 46 4 46 4C ....tOltfc 10l? 101 o -., 43 17M, 86V4 C 3 , 47? IW 47", K3 S. 43 12H 1IH 87 534 iov 2U 0 evil M 19W, I3. 02 Yt 97 67 U Mi 110 58?s 2(1 Low Close 71 71 !8 rr:u ai Am Agr Chem.lOOTa 100 uii iirir .... . ii 'in Am ueet Sugar 68 nm tan do iircf ....IO174 101ft Am Car A F C 81 88 H Am Druggists.. 12 Am Hide & I, 17. do pref 88 Amer Int Corp 54 W Am Unseed. 48 U Am Malt ... I", do ?ref 49 Yt Am Smelllne.. r.tn: Am Smelt pref. 106V4 106VJ 106U Am Sum Tob.,101 99V4 100 Am Steel Fdry. 79 79 79 Am Tel & Tel. 100'4 100U 100i Am AVool 45Va 454 45 .tiuii-uiiiia ,,, 08H DCs bo .isso iirv lids. 1914 Assets Ilcallz.. li, Atchison .... 92 'I Atlan n ft w I 97 Uald Iico Co. 6814 Halt & Ohio .. 4Gti Barrett Co . .110V4 Beth Steel II.. 60 lirook It T., . . 22 '4 Burns Broi...l45 utto C & 7. Co 6 6 6 Butterlck Co... 16 16 16 Butte & Sup C 17 17T4 17 Cal Petrol 24 24 21 do liref 70 MM 6914 Cal Packing Co 52 SI '4 BIS Central leather &Sft 58H RS Cerni de Pasco 31 ',4' 31 31 Chandler Mot..ll5V4 H4'4 114Vi Chesa & Ohio. 65 65- IS C, M &-St P.. 37 14 37 37 do pref .... 71ft 71 71 C, It I & P t c 23 4 23 Yt 23 '4 do 6 p c pf. 63 63 63- CUI&P 7 p c pf 77 77 77 Chile Copper.. 18 17 17 Chlno Con Cop 33 , 33 fi 33 Col Cas & Klec 41 41 41 Consol Oas .. 94 94 94 Cont Ins 64 63 63 Corn Products 4 87s 47 48a do nref 103 (. insli 1D3 ii Crucible Steel. 53 53 63 Culm Cane Sug 23 23 23 l do pref 75 75 75 Den & It O pr Ci GH 6 Dome Mines... 12 10 12 1 Dl-tlllers Sc... 5 4 '4 53 51 -- r.ne ib 10 1B Eisner uimy . . 42 42 Fed M & H pf. 35 35 Ocn Cigar Co. 50 49 Gen Motors ..132 128 do rts .... 2 1 io pret ... 8bV4 fit Northern nr 92 U Ot Nor Or subs 38 iirene-Lan top 43 Inspiration Ap 4 4 OILS AGAIN ATTRACT ATTENTION ON CURB Hold Early Advances War Issues Arc Dull 19 l"4 92 68 46 110 21 4- 144 144 2 1 1 84 92 37 42 43 5 18 42 35 50 1 131 2 2 66 1 92 f 38 42 43 5 New York, Feb. 6. There was a gen-1 crally heavy tone to tho Broad street curb market following a firm opening, when many stocks showed moderato gnlns. The independent oil slocks' ore agaVn the most prominent features, but tho Issues failed to hold early ndVanccs, llko the rest of the list, Merrllt Oil being traded In at 25 to 24, International Petroleum selling at 22 to 22 and Sin clalr Gulf at 25 to 25. Island Oil was steady, with sales at 7 nnd 7. Continental OH. ono of the Standard Oil group, tvas exception ally strong, advancing thirty points to 550. General 'Asphalt continued In supply and was traded In at 64 to 63. Key. Mono Tiro wns fairly well held., but moved with the rest of the list, with sales at 61 to 61. United Mtntes Steamship' wns firm, helling nt 3 to 3. Drltlsh-Amerlran Tobacco also was well maintained,-with sales at 26 to 25. United Motors rnngeih from 39 to 38. War stocks were dull. Aetna Kxnln. slves selling at 7 to 7, and Wrlght- .iiurun ni J74 , Mining stocks were fairly active and without material change In price. INDLRTKIAI.H nid 7 19 22 97 36 63 26 17 n?t 65 65 24 212 42 94 108 8 40 7 69 44 32 35 40 17 45 12 62 22 22 -- a 41 41 in in 24 24 60 51 ', 31 31 :.. 48 48 G7 67 16 16 95 95 1 72 72 28 28 .. 1115 105 91 91 8 8 4- 40 40 4. 7 7 68 68 44 44 30i, 32U 4-2U U IKl. l- 1 Jll 1 17 BU li 35 39 17 45 12 62 Interb-Con Cor 6 do pr 19 Int Mer Mar... 22 do pref 97 95 Int Paper ... 37 35 do pref sta . 63 62 Int Nickel . . 26 26 Kan Cy South. 17 17 Kelly Sprlngfd. 79 79 Kennccntt Cop. 32 31 Lack Steel ....65 65 1-ohlRh Vnlley. 55 55 Lee Rub & Tire 24 24 I.lgg & &M T C.212 212 Loose-W Bis C.43 42 . do 2d pfref.. 94 94 Lorl lard. P iif.108 inn Lou & Nash., .115 115 115 mux imuor .. 314 ?i 31 V4 do 1st pref .. 64 54 54 do d pref.. 22 22 22 Mexican Pet ..168 160 167 .uiumi uon iop. 22 Mldvnle Steel. 41 M & St L new. 10 Missouri Pac. 24 do pref 52 Nat Acme .... 31 Nat Knam&Slp. 48 National Lead.. 67 Nev Con Cop.. 17 N Y Air Bke.. 96 Jew York Cen. 73 N Y N H & II 28 Norf & West ..105 .Norm Pacific . 91 iiKia l' i iter. Ohio Gas ... . Ontario Silver. Pan Am Pet . Penn R It Phlla Co Pitts & West.. Plerce-Arrow. . Pierce Oil . . , . P'tts Coal .... Pond Creek C I'rsd Steel Car. Pb SV Cn N Y. Pullman Pal C.117 Ry Steel Spring 73 Ray Om Cop. . 20 Reading 79 Rep In & Stl . 73 Saage Arms. . 61 Saxon Motors. 10 Shattuck Ariz. 11 Slss-Shft S & I 49 Sinclair Oil... 34 South Pacific . 99 Southern R R. 26 do pref . . .68 Stand Milling .130 Stutz Motors . 4G Tex & Pacific 33 Texas Co . . . 189 Third Av R R 14 Tob Products. "9 do pref . 104'. 104 Twin City R T. 45 45 union pac . 128 do pref , . 72 Un Alloy Stl . 28 Un Cigar Sts. .115 lo pref ,106 Un Drug 2d pr 94 Un R'y Invest. 9' do pref . , . 19 USC I P & F pr 45 U S Rubber .. 75 U S Smelt & R. 45 ' U S Steel.... 90 do pref . .,114 Utah Copper... G9 Utah Sec Corp. 16 Va-Cnr Chem. 53 nauaMi . do pref A . . . Wells-FiirgoKx West Md West Pac pf . .. West Union T. WeHtlnghouse.. Wllljs-Oild.... Wilson Co Woolworth ... Ex dividend Goodrich and Paper, 2. LOCAL MINING STOCKS. TONOPAII kTOCKS , nid Jim Butler , 311 MacNamara , 2H Midway ....,.,,., ,2H Mlzpnh Extension nn Montana in N'orlh Star 07 Kescue Kiila OH West End 1 (JOI.DFIELD 8TOCJIH Atlanta .01 Hlue null .......... x 02 Itooth ., .12 niamondneld 11 U... '. .112 Malay' 02 Keviana. ........,, ,0., Oro , ,llt Spearhead ...... .,... ...., ,12 Silver Pick 03 MISCKI.I.ANEDU8 Arltona United ..... 24 i Nevada wonder . .. ., -u iTecopa lllnlna ,12 1 2 ! i Aetna Kxploslves, Am-Brlt Mfir Am Marconi 4 Amer Writing Paper, 3 Air Reduction 50 Cnnadlan Car Co.... 25 Can Car & Fdy pref.. 65 Charcoal Iron,. ; , , . 7 Chetrolet Motors... 150 Cramp i 7s Curtlss Aeroplane,... 11 Carvven Tool 5- Carbon Steel 85 Kmerson Phonograph. 2 Hendco Mfg 10 LakeVTorp Boat 1 Lehigh Coal Sales... 83' Lima Loco '.,. 29 Maxim Munitions N Y Shipbuilding ... 34 .Nor, Amer pap Pulp. 3 Otis Klevator 65 Peerless Motor 18 Poolo Kng 16 Scrlpps-Booth 15 Standard Motors .... 7 Steel Alloys 5 Submarine 10 St Joseph Lend 11 Todd Shipbuilding ..102 Trlanglo Film United Profit Shar.. 1 U S Steamship 3 United Motors 38 World Film Wright-Martin Air .. 3 Yes. rinse Ask t.sle) !tt 6 4 66 33 80 7 160 ' 83 12 8 95 2 18 1 86 33 37 3 68. 19 40 HO 8 8 11 12 104 1 3 38. 7 Philadelphia Stocks SlAllln Ins. 19 10 Am Gas.. 62 5 Am R pf 65 30 Am Hm.. 66 06 U & S pf 60 10 Cuba CS 2131 405 Klec Stor 54 25 Gen Asph 64 220 do pref. 98 68 H & B T pref ... 19 lOlnsCNA 28 1265 Lk Sup C 20 46Leh Nav 71 30Leh Vol. 65 18Mlnehlll.. 61 177 PcnnaRR 44 10 Pa Salt M 84 10 Phlla Co. 32 10 docum pf 33 209 PhlUTKlec 25 Low 19 62 65 65 60 21 53 64 97 18 28 19 71 65 61 44 84 32 33 25 71 7? U H Steel 90 89 do pref.114 114 t 40 P RT t c 24 79 3 .3ft 72 Close 1000 5160 3000 100 153 3 10 3 38 12 Rending. 3860 Ton Bel. 1250 Ton Mln , 70 U O I 445 25 10 West Coal 76 75 JIONDS lllsh Low XIOOOEquit III Gas 6s. 102 102 102 .. 6000 Harwood Klec 6s. 98 98 98 100 Leh Val Coal 6s.l01 101 101 H 50 Lib Bonds 1st -4s. 92.70 do 3d 4s... 95.00 do th 4 s... 94.24 do 2d 4b 92.96 do 2d 4s... 93.80 4000 Ph Co con 5s stpd.100 100 . . . . i-niia l.iec 1st 5s.. 93 10000 Un Rwy Inv 6.. 63 PHILA. INACTIVE STOCKS Following Ar. nnntntlnna tnr Inactive stocks listed In the Philadelphia Stock Exchange and in which there were no transactions today. The price given is the Inst previous sale: Acmo Tea Co 79 Leh Val Tran 20 Am Milling.. 10 Lit (Bros ... 46 Amer Stores 25 Little Schuly. 48 Am Store pf 90 Mldvnle 41 A O war ... 7 Norrlstown ..117 Baldwin Loco 65 Nor Central.. 73 Brill JO ... 20 North Penno. 94 Buff & Susq . 70 Penn Nat Bk Cambria Iron. 41 war 277 Camb Steel. f!113 Penna Traffic 2 Cataw 1st pf 62 Phlla Co pf. 31 Catavv 2d pf 64 Phlla El w w 2 Cen Pas Rys.109 Phlla & West 6 Con Trac N J 62 Phlla Trac. ... 69 Corn Kx N n.34K H Penn RR 55 Eric 16 P R T 25 92.70 92.70 .10 94.80 94.80 .20 93.80 93.80 .40 92.96 92.96 .36 93.80 93.80 60 100 100 .. 93 93 .. 63 63 3X 3 . 3ft U .7 7 7 . 6 6 C . 2 2 2 . 21 22 22 . 81 83 82 . 24 24 24 .139 141 140 . 2 3 3 . 16 18 . .. 1 A" - i7 mie .e Uu Con Ariz 6-V c F S & 117 117 73 73 20 20 73 79 .. 73 73 60 60 14 8 8 1 11 11 49 49 34 34 98 98 26 26 h' 68 68 -r U 130 130 .. 45 46 32 32 .. 188 188U 13 14 4- 78i 78T4 4- u 104 1 45 1 127 128 72 72 1 38 38 114 114 14 106 106 9 34 94 2 9 9 18 19 1 45 4R; 75 75 45 4.5 " I 89 90 114 114& 68 63 1 16 lfi 52 52 8 8 8 31 31 31 67 66 66 4- 10 10 10 a, 59 58 58 87 87 87 .. 42 41 42 4. 25 24 25 4- 70 69 70 4-H5 127 126 126 14 1; Union Bag 1 i STANDAKD OIL Illinois 162 166 Ohio 322 325 .. Prairie Pipe 268 272 S O Cal 272 277 273 S O N J 690 695 S O N Y 327 331 INIlKrKNlJKNT OIL 8TOCK8 unrnett Oil & Gas f'osden & Co .... Elk Basin Federal Oil Inter Petrol Houston Oil Merrltt Oil Midwest Refining' Met Petrol Ohio Fuel Oklahoma Ref ... Snpulpa Ref Sequoynh Sinclair Island Oil Glcnrock Oil MININO STOCKS Atlanta 4 Big Ledge . nunc :evv York 1 Jerome.t... First National 1 uoianeni .Merger .... o Goldfield Cons 19 Goldfield Florence . . 12 Orldfleld Kcwnnns . 4 Green Monster ' Hecln Mining 4 uowe sounu Independence, Lead Jerome Verde . , . . Jim Butler Jumbo'" Extension 7 7 4 24 7 7 3 3 3 " 38 12 45 25 29 McKiniey-Darragh"... Magma Copper Mother Ixjde Mines Co of America. Nevada Hills !. Nevada Wonder Nlplsslng Ohio Copper Ray Hercules San Toy Tonopah Extension... United Verde West End Con. White Caps Yerlngton 1ION11H Bethlehem 7s (notes). 101 Cosden Oil 6s....'..., 86 Cosden & Co 6s 90 Cudahy 7s 102 Russian Govt 58... 54 do 6s 58 Southern Railway 5s. 98 Sinclair Oil 6s 85 Todd Shipbuilding 6s. 104 0 8 32 1 14 4 5 a 1 6 21 16 0 J 3 . 40 16 48 27 31 i 4 80 8 5 5 101 92 92 102 56 99 88 107 7 ft '7 3 5 19 4ft 14 30 2 16 102 60 Fire Asso . . .285 Frth St Nt B.310 Hunt & B T. 10 Ins Co of N A 28 Int M M pfd 97 J a Brill pf..70t Keystone pref 60 Key Tel .... 11 Key Tel pf . . 60 Leh Val "tr pf 26 Rwys Gen . . 2 un Jtys inv pr 11 Un Pass Rys.150 Union Trac... 37 White Motors. 47 Wclsbach ... 41 W Jer & S S 45 Win Cramp.. 80 York Rwy .. 7 York pf 32 iVeu York Bonds Hlah IOn- Tlnso llOOOAm Ag 5s... 99 99 99 200000 Angfo-Fr 5s... 97 97 97 1000 Am H & L 6s.l00 100 100 87000 Am Frr Sec 6a 99 99 99 500 Am T & T 6s.. 92 92 9274 29000 do 6 102 102 102 1000 Armour C 4s 87 87 87 6000 Atl Co L 4s 86 86 85 1000 Bait & O 3s. 88 88 88 11000 do 4s 77 76 77 1000 do cv 4s.-. . 78 78 78 ' 10000 Beth S 5 '36 80 80 80 5000 Bkln R Tr 78 81 "tt "1 5000 Bordeaux 6s.. 102 102 102 1921 98 98 96 95 71 76 77 99 71 90 43 49 67 97 97 79 83 106 V4 80 85 96 77 77 99 71 90 49 49 67 8000 Can Gt 5s 5000 do 1926 .... 97 97 6000 do 1931 .... 97 97 10000 C C C&SL 4s 79 79 5000 Chile 6s 83 83 14000 Chllo Cop 7s. 107 106 7111)0 c & O cv 4V4s 80 80 2000C & O conv 6s 85 85 14000 Chi B & Q 4s. 96 11000 Chi Mil & St P rfd 4s.... 71 24000 Chi Mil & St P cv 4s 77 1000 Col & Sou 4s 77 127000 Cltyofparls Os.lflO 2000 Den & III Gr4s 71 1000 DIs Sec Cor 5s 90 1000 Erie conv 4 s Ser A 49 2000 do 4s Ser D. 49, iinnn iln 4m 67 21000 French R5s.l05 105 105 5000 Gen Tlec 3s. 73 73 73 7000 do 5s 99 99 39 01000 Inter Met 4s 40 40 40 16000 Inter M Mnr 6s 98 97 98 5000 Inter Agr 6s. 80 80 80 4000 Leh Vnl cts 6..10l 101 101 6000 Llg & M T 5s. 93 93 93 2000 Lorlllard 6s .. 91 91 91 2000 do7s 112 112 112 284000 Lib Bond 3s 99.02 99.00 194000 do cv 4s ... 92 90 128000 do 1st 4s .. 93 08 2106000 do 4n .. 95.40 30000 do 1st 4s . 95 52 1668000 do 2d 4s 94.44 4G80000 do 4th 48 94.32 40000 Lyons 6s ....102 63000 Marsls 6s ....102 2000 Mldvnle 6s . . 87 1000 Mo Pac W li 6s 1926 .... 90 35000 Mo Tac gen 4h 61 2000 NYC H con 4s 71 24000 do 6s 99 1000 N Y City 3s 1954 82 17000 do 4s 1958.. 91 1000 do 4'A 1U6. hut,, 92.80 93.00 95.10 '.15.60 94.26 94"2 99.00 92.90 93.02 95.10 95.60 94.30 94.08 FAIR ACTIVITY MARKS TRADING ON THE PHILADELPHIA EXCHANGE Sales Are for Most Part of Odd Lota, and Price Change With Few Exceptions Are Uninteresting. Tonopah-Belmont Leads Sales Today's session of tho Philadelphia Stock Exchange was a fairly active! affair with more than the usual number ,of Issues traded In. Sales were, for tho most part, however. In small lots and price changes, except In a few Instances, were fractional. ' American Smelting; made the most violent break, following:' the action o tho stock In New York and the announcement of a decrease in dividend. On a turnover of a comparatively few" shares, the issue dropped more than 6 points. Another big decrease came in the shares of the American nail ways preferred, when that issue sold ot 65, off 1. Good gains were made In the shares of tho Electric Storas;e Battery Company and of tho Philadelphia Company. The former was In demand and during the day something- more than 400 shares changed hands. General Asphalt, both common and preferred, continued Its decline, Lehigh Valley was up as was also Lehigh Navigation. Reading; lost. Phnnsylvanla and Huntingdon and Droad Top were unchanged. Tonopah.-Belmont and Tonopah Mining; were both In demand and both closed net higher. Nearly 2000 shares of the former were traded In during the day. The largest transaction in the bond section was a sale of 1100,000 of tho United Railways Investment 6s, which were sold at a fractional advance from last sale. A block of $5000 Harwood Electric 63 sold unchanged. Changes. In the Liberty Issues wero unimportant. Philadelphia Company Notes Move Rapidly It was reported on the Street that of the $10,000,000 Philadelphia Com pany three-year 6 per cent secured cold notes more than $6,600,000 had been sold up to an early hour this morning. The offering price Is 96. The net Income of tho company for the twelve months ended December 31, 1918, was $7,031,436, fixed charges $2,097,991 and balance $4,93J,446. Tho present fixed charges. Including interest on the new I1O.O00.00O noted. are $2,224,650, and the 1918 net Income Is therefore more than three times inese cnarges. 102 102 5?H B7 90 61 74, 9,9 82 91 96 IU2V4 102 ST 90 ,61 74 99 1000NYC 4s '65.101 101 NEW YORK COFFEE MARKET ' New York, Feb 5. There was little In the wny of fresh feature on the coffee market and trading was quiet. July sold nt 14.10. or unchanged from yesterday's close, 'while December sold off from 13.70 to 130, or 5 points be low the previous close. Clearances from fllo nnd Santos were heavy, Rio clearings being 21,000 bags for New Orleans, wun santos reporting ep :5r 1 a clearance or zjs.uuu bags f6r New 1 lork. 1 .Several steamers are reported to be now loading In Brazil foe tho United Ask 1 states. . .'.til . . Teaterday's Today's ,80 1 . close openlne ,07 1 September , ls.sn sis. To IS December . I, ls.fi.1 "13.68 iKI Janunry 18.no Ms. do .(K1 i February 13.85 ZM l'i ' J Cotton Buyers and Seller. u ,.,V,r ""fcni ' , ay Abraham1. .3 Wnchsman, Wilson. Gernn. Newman nnd .-iiiiciieii uiu. luuiiua, aicrcnany, stein .113 ,IUI ,113 .14 .07 .27 rioaton . . Ntw York Philadelphia ... Cleveland Richmond Atlanta Chlcaso t, m. LAuia Minneapolis 15 days ... ... 4 ... 4 ... M :::. 4 4 M1U .... 44 Ban Francisco .. 4 rUau City ... 4 .6-Vj, IS ai? 5it v. 4 1; f Mlilvale Steel's Quarterly Earning! The Mldvale Steel nnd r)Mnn Company reports for the quarter ended December 31 last u bnlnneevfor dividend of $5,023,997. equnl to 2.6Ixper share on Its stock, compared with $7,703 627 or $3.89 per share. In three months ended September 30 last, and with no. ." " " " "- in vne nnal quarter of 1917. "" CHICACO BUTTER AND ECCS Cre'rV.- &'&. -""K-Un.ed. BOUH lllaher. Itecelpts, 630 M... Firsts SOOSJIHe; ordinary nrsls. slOjtuc'. at mark, caaea Included, 878c. ' Extra by American Radiator Company C'hleaco, Feb, 5. The American Radl- ator Company declared an extra dlvl- ticuu ui j.w. wcjifc uu iiia vurnmon stock. navablA In fourth I.lhertv lin ......' par value. Including accrued Interest: also a regular quarterly dividend of 1 per cent on the preferred stock, payable February 16 tn Stock nf rwnri'Kff' ary 6, and a regularquarterly dividend hi vvi kciu v.. inv b.iiiinuii siock, pay able March 11 to. stone of reenni u.h 22. The extra dividend I payable March 11 ts stock of record jfarah ?. ""' bacher, R. Hubbard and Rlnsteln effered, July Wilson, Klnsteln McEnany. Ooss, Hartcorn, Wclck, ' Walsh nnd Munds bid ; Wachsman, Burnett and SchlU offered. October Schlll. Geer, Geran Sellar and Slgjl bid ; Wilson, Rosenberg, Mc Enany, Welclf and Rountree offered December Hymnn nnd Sellar bid: McEnany and Fllnn offered. ' Liverpool Cotton quiet, today, with prices easy on the 5aBl" iSi-5c,i?m l,JenV-four points .for 'middling, bid contract, at 17.39d. Sales were 1000 bales; receipts. 7000 bales, includlnr Uoo bales American. Futures were quiet In the early dealings npoi ?n ; , American mldsllnr. fair. 18.70d! good middling, 18.0?d : mid: dllng. 17.39d: low middling. I6.34d: ?ood oruiiiMi, i. ... ,,. uiuinuxy, 14,2 :od. GOVERNMENT BONDS Panama coupon 2a. 1080 Panama registered .', 1036,,. Panama coupon 2a, 1B8J.. .... Panama registered 2s, 1B88... Panama roupon S, IMl...... Panama registered a 1961,. , fninppin s. pj ..,, tuppin SS, lM m,i inv s. ivi.,,,,, ovemment rou J!a, 1030, .Cloalns Illd Asked 07 7 07 07 7 7 BO DO 80 Phlllppl Phllliml U K.Oovernment cou 2a, 1030,, 7i II H'Oovernment re 2a. 180. mu t H Oovernment cou '8a, 1n... sa it R jflavsrnmeBt ea ft. 1B4S.. ftn 2'U i.Oovernnwnt cou 4 1MB.. ,104 14 J0S 98 08 -' 2 III! BB n 8 58. 1000 V Y N II&II 6s 85 44000 N Y Rwy 5s., 12Vi 6000 N Y T gn 4s 90 2000 Norf & West 4s 84 5000 N'or I'nc 4s... 83 6000 do 3s 60 1000 Ore Short L 4s 86 11000 Pa gen ct 4s 89 4000 do 5s '68.... 96 1000 Pierce 0-6s '24 91 2000 Pere Marq 4s. 69 4000 do 6s 86 2000 Rep Ir & S 6s. 95 lOOOSInclnlr Oil 7s 95 anna KenhdAI, ndiSs 50 4000 South Paccvls 84 14000 do cv ds., 5000 do rfd 4s. 85 12 90 84 83 69 86 88 96 1 91 69 85 95 95 60 84 .n, it m 1 ml a l"in "7? v74 82 82 "Z'J 82 91 96 101 85 12 90 84 83 69 86 89 96 91 69 86 95 95 6U 84 iAiuiaAi,ili Tlu'v Kn OR 95 95 2000Texns Co 6s. .101 101 101 2000 Third Avei4s. 50 60 60 3000 do adl 6s.. 28 28 28 lflOOU S Realty 6s. 63 63 63 14000 U S Rub 6s.. 87 87 87 18000 V S.St s f 6s.l00 J00 100 8000 Union Pac 6s.. 104 104 104 iooo u k a B & I , 6s 1919. .100 100 '100 36000 do 5s.21. 98 98i 98 :6000 do S '37.101 100 101 Philadelphia Co. Earning Statement The "earning statement of the Phila delphia Company and nmilated oper ating companies showB, for th month of necemhern. gross total for fII departmenis t.,uv,.i, .ni IL .n v.a anmn mnntl, In.r v.m 233 602 for the same month last year, nr a gain of $476,496, Net for the month Increased $410,442. Nine months' gross was 819,640,014, a gam or ss.uau.SGg, with net for the period showing an In crease of $1,948,626. Beginning with Aorll operations of tho Pittsburgh Rail, wavs Company, which operates nearly all the street railway properties, were nlt...-.a .m im atntAm.nt omii'c1 '" nNANCTAT, Annual Meellnsa cpa XUK UK U)NO IIUUK AND JSXti VST " CUMI-ANV " NOTICE TO HTlK.'KHOI.DKna NOTICK 18 IJKBKHJ OIVKN that a Bp rial MMtlnat f h Btockholdyrs of "fh, d! lin Hojk Kre Company" will be held Ainea nf the vompanr, t ana viearfleld om" t.n..lThla.. to take action T; ,J- ta.. approva Phlladelp val or d i. .:.:::. - .-;-""". " i,'vw, ... I'ropoaeil in. M V. -T 'ZT .H.kl..H nf th. r.H- '"" prirlltsea !!-"-lJ r; A','- S"P""r. rABTKWmWIPrl svwvs DO WE BUILD OK DESTROY? The following letter from one of our customers speaks for itself. DKliinM We ben efit larger con cerns, as well t n fact, about three fourths of our volume of $55,W$S8.6!l in 1918 came from concerns rated $.15,000 to $1,000,000. "January 6th, 1919 Commercial Credit Co. S Baltimore, Md. "ntlrmen: We are in receipt of your letter of Dec. 26th and in reply would say that, for the year 1918 our total net sales figured approxi mately $250,000. We feel confident that we could not have handled this amount of business without your financial assistance. Since we commenced doing business with you'we have taken advantage of every cash discount and our ability to do this has enabled us to make profitable connections with sources of supply for raw material. During the year just closed R. G. Dun & Co. increased our rating from $5000 to $10,000, High to $10,000 to $20,000 High. The year 1918 was the most profitable one in the history of our business, and we feel that you aided us very materially in bringing this about." 0mmercial Credit Company Cash Capital $2,250,000 Surplus $450,000 BALTIMORE Representee1 at PHILADELPHIA. 612 Stock Kxchango Bldg. (Phone Locust 919) :;ew york CINCINNATI BOSTON Affiliated with Commercial Acceptance Trust Cash, Capital 1,000,000 208 S. La Sallo St., Chicago JlllllltlllllllUIWIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIHIIIU A Geography Lesson How many people in Phila delphia ' ttnow where these places are? Nairobi Pernambuco Christchurch Durban Osaka Concepcion Riazan Oporto Trelew Rangoon Philadelphia - made . gqods arc sold in all of them, in fact tlic sun never sets on Philadelphia-made goods. y Are you interested in broad ening the market for your go6ds the Foreign Com mercial Department of the Corn .Exchange is ready to assist those who seriously plan for business in foreign fields; : .' i CORN EXCHaANGE NATIONAL BANK Philadelphia Chestnut t Second Ov f i 1 .1 ii fl j i m 41 l I t ".. f. it l t j t '$. V , " ----- -- .,--- ... .v T V If "i 3TV., e tJfi f--. . jUiu . k . '' -ri I $'"' -awr. V- 7. ,i P C3 3?r y-- -, ,
Significant historical Pennsylvania newspapers