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EVENING PUBLIC ,EDGEKIHIIJA1XELPH!IA:, FETDAX
MIY 7,19li
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!7iVAiVCAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIOj
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A Wide Field
For Inveitmen'
In buyine securities it is
best to take a bro.nl view
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 hieh-grade bonds
and short-term notes.
Our rthrnnrv off'rtno Kill !
araUAtd won ruil V PK-tH
The National City
Company
Ctrtllfsniinl Ofcil m 35 Ctitl
Tilepbn I4M Locust
! SITUATION ON NEW YORK 'CHANGE
PAILS TO SHOW IMPROVEMENT
UWtflemem Cuiiliuucs, Althdugh Wider Movements
Are Kcconied in the Railroad Equipment Stocks.
m Some Specialties Show Strength
!c
Neto York Stoclx
High Points in Today's Financial News
The New York Stock ExchanRC continues to bo influenced by the
demoralization in the copper trade with losses extending to most of the
list. Trade drags in the local market with most issues sold nt con
cessions Government bonds are the center of interest on the Curb.
Cotton prices nie lower. Corn makes a temporary spurt on cables from
."uth America that rxpoit rate ha 1 been mArkoil up, but pains are soon
lost. 1'oieinn KxchaiiKc is quiet with tone steady. Bar silver is
unchanged in Xew Vork and London.
404
B7
47
4S;
Safe- ,rjfa Securl
guardfd VG ties
SEVEN PER CENT
PARTICIPATING
PREFERRED
SECURITIES
Writ or fiioiic or
"Th Semaphore."
Which rrptoin our nldii o
, safeguarding securities
HAStonekCompanu
k WidenerBldg.
MStk. Philadelphia
N'rw Ynrli. Kcb. 7 -Although tfie stock market situation continued
uncttlcil us ic.iult, of the. Important unfnvoiable developments which
have been tecoided since Iie United States Steel dividend incetliiR, theie
was no lirnvj i-elllii even In, the conpr fctbckn. and It i quired only mod
eiute rovcilns of shoits to cause rallies after fractional declines had
cnirled prices down to new low levels for this movement.
full Copper opened with a coin of at fiti and, after dropping to
0."ii. rallied again to its hlsh pilce of the nioinliiR and was followed on
Iheie inovenients ly nearly oil the copper Bioup.
Wider moveniento wetu iccorded In the railroad equipment stocks
than In nnv other Issue.", chlelly because of the poor bliowliiK, made In
the annual report published jesterday by the American Steel Foundries,
ami the minor steel Industrials generally were subjected tc arlous vig
orous attacks.
Anierirnn roiindrlen had the widest range, diopplug fiom 74 to 70.
I!allwa Steel Spring sold fiom 71 to GU and American Car and Foundry,
sold down more than 2 points to Su'.j.
These losses were followed by moderate rallies, which were Joined
in by Irtually everything In which there was active trading.
L'nltcd States Steel common Sold down to SS'i In the first half
of the dav. but recovered Its loss in the afternoon.
Some specialties were made stiong without regard to the lest of the
list, with International Taper becoming the most prominent feature and
advancing lr,n to Wi. General Motors was in good demand all through
the day without showing matetl.il change nt the close.
Uiislness In rallwa and other bonds was .small in amount and with
out special featuie.
i BIG GAIN IN CORN PIT NEAR MONTHS WEAK .
FAILS TO HOLD LONG; ON COTTON EXCHANGE
MR. HAAS
litly of the Income.
Tax Department
Washington, D. C.
INCOME TAX
CONSULTANTS
Fp?clall5tB In preparing
and tiling returns, auditing
and closing hooka for cor
porations, firms. Individ
uals, estates, trusts, etc
Mr. Haas, 6 years, Mr.
Can". 3 vears, with the
Internal Revenue Bureau.
HAAS & CARR
Public Accountants
rnjlfnl llullillnr
Spruce 915
Cable From Buenos Aires on
Marking Up of Export
Figure Improves Tone
Labor Situation Still Acts as
Leading Bear Factor Wall
Street Chief Buyer
Jin. CAim
formerly Keenue
Agent, Income Tax
Department
Philadelphia, Ta.
Oar kn'IncM potlry ! find alwajrt
taaa ku 4n Jlafvlhi,.-
x . :
Local Industrials Only
Adherlnr to this, we are offering
Ui oriflnal Issue oC
YORK STEEL
CORPORATION
Keren Per cent, cumulative, participating-,
preferred stock on the
partial payment plan. Upon In
vestigation you will find the op
portunity for conservative invest
ment beyond the ordinary. Vlnute
detail will be furnished on re
Quest. Benner & Company.Inc.
Widencr Building
tValaot Tliree-Fonr-Flv
r.ii.M.v iir.i.T wi:atiikr ruiti.cAavr
t hlfatn, !. :. Illinois Un.ftllrcl to
nljclit and .ntunliiy, ruin pr unnn outhf-utt
fonirhtl rnlclvr eitnt and hoiiIIi tonlslil.
.Ml9uii l'nrllkd tonldit unci 'aliir
flar. prolinbly light nnoiv In nnrthurstl
farmer et.t urday. m tl A
Hisrnnnln Fair unil ronlinurd told lo
nlcht and haturdnj. ,
MlnneMitu 1'ulr north. Mtht xnnw In
south lonlchti Mnlurdar fair anil rolil.
Iowa Intrttled ueathrr with I Id" t
snntv nt!irrfar. ,
.North llaknta tlniHItc.I tonlclit , nnd
Snliirdav nlth licht noon nrnt tonlshtl
runtlnned roM. .
.south Iluknta I'niietllrd tnnUlit nnd
Saturdaj-. tilth lleht snotv lonlclitl rold
er Sntiirdar. . ...
ebraka .snow tonlthl and i.robalily.
Saturdn,
Kan.us l'nt(llfil (onlcht and .Satur
lai unrintv tnnlelil, coldfr ft alur
da. Montana jnd jomlnc Vnettl'd In
nleht and Saturda. with Hcht no l cold
er tonight. .
lle'i
Chicago. Keb 7 A sharp ndwince In
corn niarlet today, follow Inc the re
lot of a tirl.ik cable from Bucno
U. S. LIBERTY BONDS
$50, $100, $1000
BOCGHT. KOI.II AND rjErOLMEXDED
FOB INVESTMENT
Newbirger, Henderson & Loeb
UU CUFbTNBT STSEtT
MomkersN. Y. I'hlla. stock Kicliantti
Aires that the aoernnient.of Argentina
had marked up the expoit figure, was
noi weu muiniaiutu.
The news cauScd a complete ieorsal
of the tone, whlfh had been weak, 'quo
tatlons lavlne fallen Into new low
ground for the movement after they had
i rallied from a feverish nnd Irregular
opening. Shorts covered freely and there
also was buhiB by shipping Interests
Accoidini? to some traders, under the
new Argentine regulations It will cost
, about $1 50 to Import the cereal fiom
I Argentina. Toward the eloso offerings
became lnoie liberal and prlcei were
worked off
Oats reacted from the top after teey
had been firmer on covering by shorts
and absorption tluough commission
houses. The domestic demand for the
rnnh .'irMrle wns filnw. with nrlCes rela- Oitnlier
lively easier. Hecelpts remaiutd small. I Ket'mli r
I.adlnff futurps ranged as follows
torn trew deuver
COTTON IIKI.T WKATIIKU COMIITIONS
New ork, Ib. 7. The following Inn
nrralnrr were reported In the mtlnn belt
!'' tnnriilnei Knoxvllle, 30l NniiliTllle.
J.l Alillrne, Mnron. Challanongt nnd A-rui-ta.
.'Hi tilmlngton. 3d; Atlanta. 3Xi
i ' ,smlih, HOi Tliomaatlllr. thjlrlf-ton
and Mempliln. 4J Kan Anlnnlo and Utile
Knrk. tli Niiunnah and Jnrkiitlllr. 40)
'ShreifPort. New Orleans and renacola,
i..' "null thrlatl nnd fiaHrnton, S'i.
There una .01 Inch of precipitation at
Mirneporli .51 at Little Kock nnd .01 at
MfmphlN,
w Vnrk, Feb. 7. There was Irregu
larity at the opening of the cotton mar
ket this morning, near monthn showing
weakness nnd late positions steadiness.
The entire opening range was from
40 points lower to 4 higher, with the
labor situation still acting as a leading
bear factor. The market was also gov
erned by liquidation of March contracts.
Southern and Liverpool sclllnc, Vnd
weakneci In life stock market. Wall
street was the chief buyer. "'
ine opening irregularity was follow cu
by a very sharp break in t ho' market
under a lenewal of more or less' general
selling. Liverpool bought Jiarfch, but
there was liquidation of trade (ongs In
that delivery which was relatively weak,
selling off to 21,60c, or 80 points net
lower, while later months "sold 7?' to 73
points net lower.
Prices steadied n few- tuitnta nn wv.
erlng daring the late morning, nhd therel
was aiso n nttle trade buying below
:0 50c for May
The receipts at the potts for the lay
are at 20.000 bales, agalmt 27,461 bales
a week ago; 21,083 bales u year ago
and 17.018 bales two years ago.
Teat Todi' 10:30 1130 1 30 2.30
Marin 22 t 22.20 22.10 22.10 22.111 21. SO
May "I 111 fi tt4 m iui on it, on t., ,t no
July. 20 32 211 3.1 211.10 1U.04 111'.:.?) 19.(17
lll.lll ID. OS 111,01 111. CIS 111. IIS
Id 30 18.30. 18 311 IS 30 Is 3D
Adami Kx ... 42 ',j
Adv llumely. . 21 1,
do pref . ... 6!
Alaska Hid M. 3t
Alaska .luneau 1
Allls-Chal Co.. 31 1,;
do pref .... 84 U
Am Agr Cliem.lOO'i
Am Hect Hug. 67'i
Am Can . . . 4G',i
do pref .. 101 U
Am Car & V Co 87
Am Cotton Oil 42 'i
Am Druggists, !1?
Am Hide Ac Ica 16S,
do uref .... 87
Am int Corp . 5
Am ice Sec .
do pref . .
Am Linseed
do nref
Am Malt
do pief
Am Smelilmr
Am .Smelt nref.104
Am Sum Tob..l0!',i 101U
Am Tel & Tel. 101 100,
lAm Tobacco.. 1!" 1SB
(Am Wool.. 4614 46
Am Writ J'apf 33 'J 32
lAiiacomla ... ."7 56','i
Asso Drygoods. mT 1ST
Atchison . . 91 1 til
do ref . . 86 "6
All Oulf&W 1 7 06 1;
Baldwin Loco . 06 ' 65 ,
Halt & Ohio.. S'i 45
I Uarrett Co .111 114
lldtoplln Mhi. H;
Hcth Steel,... 59 U 58 J
do U B9U 58
Ilkn llap Tr. 22', 21 i
llooth Klsli Co 19 W'i
Hums Ttros . .1I2U H2
Hutte Cop & V, :V, 5',i
Cal retro . . . 23ia 23'
do pref . . . n 671
Cat Packing Co 51 s, 51l
Cent Leather . 58 B6,
Cerro do Pasco 32 32
Chandler Mtrs.lUt- 113
Chesa & Oiilo. 55 34 T
Chi Or West pr 24 U 24 'i
Chi, M & St P 361.. 36
I'UU PCpcpr 63'i 6Jtj
Chile Copper.. 17", 17!,
Chlno Con Cop 33 32
Cluett Peabodv 61 61
Col I'Mel fcjron 35',
Col Gas & i:iec 4nn
Conol (las. BS'i
Cont Can. . . . 'ifl
out Ins 65
I Corn Products, 47 "i
I Crucible Steel. 53
Cuba C Sugar. 22 '
do pref ... 74 't
n Ac u o pr .. 6
Dnmo Mines . . 12
Distillers S;c . 53 ,
Krlo 16
Ked M & S pf 34
Claston-Wms .. 26
Cion Cigar Co. 50V
Gen i::ec Co. .1471
'Jen Motors 132
do rts . . . . 2st
do pref 85
CIcodrlch B V. 60
lit Xor pref. . . 92
Ot Nor Oro sbs 37s4
Greene-Can Cp 41
Gulf States Stl. Dl
Hskl & Barker. 40
111 Central .... 9S
Insprtn Copper, 43
Inlb-Cons Corp 5
do pref 19U
Int Mer Mar. 22 ;
Hi
87 U
1 ..
46 1
63 r
1
inn
92H
"
-1
1U
1;
19
962,
:s
17
.
T1NANCIAI,
Annnal Meeting..
tK2jl TOE ANNUAL. MEETINO OP TIIK
m Stockholder! of the W1WT.MINSTI.K
CKMETBKY COMPANY will he held at "ho
Cl1.1?". ?'t.ln Company. 1B03 Arch atreet.
Philadelphia, on, nedneidar, Fcbruarj 19,
l!t, at 3 p. ui.
There will b an election for Board of
Directors to aervo (or ih following sear.
QEOHOD 41. PAINTElt.
Secrctarr.
rARTNKRfiniP8
.May . ..
Julv
Uatu
.May
July .
Laro
May ... 22.05
July ...22.10
ltlbn
Jlay ....20.00
I'ork
Mv 36.(50
Hid.
Yeat
Ontn Hlsh. Low C'l.".e lo
1 H-S 1 I"', I l-- I l-'l
1 10 1.07 1 U'j 1 OS'.
MOiNEY-LENDINC RATES
do nref
Inter, Paper. ... 39",
no nrer rr K7
Int NMckel 25s.
Kansas City SO 17
Kelly-S'pgnd .. 78
Kennccott Cop. 30
Lack Steel.... 63
Lehigh Valley. 55
Lcc Jl & Tire.. 23
Max Motor. ... 30
Mex Petrol ..167
Miami Con C. . 22
Mldvnle Steel. . 40
M S T& S StM 91
Missouri Pac. . 23
Vat Con & &C 14
.Vat Biscuit ..112
Xat Knam & S 47
do pref 98
Nat Lead .... 65
xnn. or m 2d pr 6
Nev Con Cop. . 16
X O Tox Mex 32
Y Air Brake 94
N Y Central .. 71
N' YCASILSilnr 42a:
N Y Dock .... 19 19 Is?'. ;
XH H&H. 28 2S 28
orr&We8t ..105V, 105 105
do pref .... 74 74 . 74 .
.Northern Pac. 90 R9 90
Nova Scotia Stl 48 48 48
Oklahoma P&R 8U g g t
Oho Gas ... 39 39 39 .
uu riKius ., 2ai 2 2a '
Pacific wad .. ji ,30 '" Sl) .
PaeilloT & T. . 23 22 s
Pan Am Pet . 68 67 68
do-prer .118 118 pi
Penna It 15 .. 44 44 44
PhlU Co . .. 31 31 311?
Pitts & West. . 34
uo prer . .
Plerce-Arrow
Pierce Oil . ,
Pitts Coal .
Pressd stl Cir 60
Pull Pal Car.. 117
P.y Stl Surine . 71 i
I Itaj Cqn Con . 19?1
iieaumg
l'i
v
'
80
39
17
45
1 1
1 us
53i il1.
22 Ml 22 r.2
22 1U 21.72
20 00 20 62
37.00 .10.40
r..
5V
22. li 22 30
21.95 '21.72
2U S2 20 ."
36 HO 36 50 '
NOT1CE IS HKBEnY CIVKN THAT TIIK
Bartntrahlp operating aa SMITH t HOOD
la thla day -dhiaotved.
Financial Briefs
Yr
T-C.Clausen applied for membership
on the Chicago Board of Trade and C. A
Wrltht posted his membership for trans
fer. Th Xew" Yorlt Cotton Exchange
membership of 1L Content haa been
sold to II. H, Daruch for $15,500, a de
crease of J500 from the previous sale.
LOCAL MINING STOCKS
TONOl'AH STOCKS'
Hid asked
Jim Iluller I" 42
MjrNinura r; 3"
Midway 11 3.1
Mlipah Ektfnplon .'II
Montana .. '" 1
North Star I"1 .1
Ura(U Kula 09 10
Wept Knd l' l'i
C.OI.DFIKI.D STOCKH
nid AhkM
Allan! ;; ."I
Hlue Hull - III
Kooth .'- n
Dlamf II n 02 "1
Crackerjack n .ns
Dalay "J -".I
Kowanaa "I .ml
Oro V'. '.'!
fipearhad 1- 14
Hllver Pick 05 .0,
illRCUtLANEOL'S
Hid Akr,t
Arliona 1'nltM 3 2
Nevada Wondrr ., . ....s... 7H .5
Tecopa lllnlnit , . 12 .IS
11
llpn Ipi.ti Jt Uil r.f
NLH Iokh Money on call, mixed1 do nref ' "mi it
opened Jouay at s per cent , Ilo.va Dutch . 76"i
wn ui. ui-taxons Intnrx. Jt
mie
-1
collateral
fur lending and rtenevvW,
dustrlal collateral the opening
""" per cent.
The money market' shows unchanged
conditions In point of moderate vol
time of business nnd gradual accumula
tion of funds. The inquiry from Wall
street Is light. and, as previously stated,
rates would have to break 5 per cent
lo cause any large Inquiry.
Prime bank acceptances aie onlv
moderately active. Hates are unchanged
at 4 6-16 to 4 per cent for prime
member bill and 4 0 4 6.16 per cent
for nonmembers.
call loans on prime bank acceptances
are unchanged at 4 per cent.
THILAI.KI.l'lllA Call, C per cent!
time, 5tJ6 percent. Commercial paper,
three to six months, 5 6 per cent; six
months, 6 per cent.
LONDON Money is quoted at 3
per cent. Discount rates, slioit and
tkree-jnonth bills 3 17-32 per cent.
Reserve Bank' Discount Rate
Official discount rales at the twelve
Federal Heserve banks were as follows-
(The, first column gives the rales for
all periods up to and including a fifteen
day maturity, Ihe second for a period
ot sixteen tu ninety (lays, 'ine mini
LOCAL MEAT MARKET
St L S V . ... 11
nea iir iine pr 10
Sea rs-I toebuck . 1 7 5
Sinclair OIL... 34
,-viuinern u Jl. 26
Stand Mill pref 90
Studebaler ... Cl
Stromberg Car. 37
Sup Steel 34
Tenn Cop & C. 12
Texas & Pacific 31
ie.xas uo. . , ,187
I Tob Products, , 79
Union Pacific. 127" 1
. dn pref .... 7.1
'I nited Al Stl. 39
I nlted C Sts..ll4
L'nlled Drug. . 95
I do ltt Pf.,.. 54
I fulled Fru't.,162
i United lly Inv in
do pref .... 19
I'SriPl K. 15
1 1' S Kxpress. .. 17
'I' S I Alcohol. 101
r. S Hubber... 75
do 1st nref. .fieri.
U S Steel 89
do pref 114
I'tdh Copper... 66
Vt-Car Chem.. 52
vvaoasn . ,-.v.
174,i 175
33 34
'S
.. (in nrer .a .
and fourth columns are the lates for West Md ..
United .Cigar Stores Company
f i
L:
America has Issued Its annual report for
th year ended December 31, 1918. which
shows net earnings after deduction of
Federal taxes, of S4.010.204, equivalent
after deduction of preferred dividends
to 813.69 a ahare earned on the 127,
.162,000 outstanding common Block. This
til V-ompares with net earning of $2,173..
jqi or ..i a snare on .he common.
,toclc In 117.
The New York Subtreasury gained
It, 149, 000 from the banks yesterday,
maklnr a cash net gahi since 'Friday of
14,772,000.
II. T. McDermott, assistant treasurer
( ths Logan Trust Company, haa gone
to Farnburst, N, C, for ten days.
Ths Brooklyn Kdlson Company for
merly the) Kings County Electric Light
and Power Company haa Issued the on-
nql report for the year ended De
cember 81. 1918. Combined Income ac
count pr me company anu liaison Elec
trta Illumlnatlnr Company of Brooklyn
shows surplus after taxes and charges
ot J1.6JJ.659. equal to 89.21 a share
earned on 817,270,000 outstanding- cap
ital stock, against surplus of 81,469,658.
.or $8.11 a share In 1917.
'P ' Liverpool Cotton
'. 4 JjTtra!. Feb. 7. Spot cotton was
nHWt wway, with prices easy on the
u. aaaVa.af a .depllne fif 3 UAlnla nr tnhl.
contract, at 17.SI1. The sales
Mies. Th receipts were 20.
VU.ABrlH,Fulure were
PWW arwaHHo. wi nricru
Th follnulnc report on the frfih meat
. trade In Philadelphia la furnlphcrt by the
of local live atock and mat oITIca ot rhe llu
ls-V
Mail or llarUm. Vnlted Statea Dcpirtmcnt
of Arrloulture
FHBSII IIEKI- lteelpta moderate, mar
ket senernlly steady, demand only fair
BTBEItS Receipts moderate! supply of
fairly good ateera Increaplnai market on
medium beef draszy at 124 to 120; choice
gradea ateady at 27 to 128: demand llalit.
COWS Kecelpta normal: market active on
medium and sood rowa at $18 to 121: com
mon Hint klnda dvll at $14 to $17 demand
VEAL Ilecelpta'llshl: aupply heavy; mar
ket dull nnd unevenly lower at $10 to $20,
demand poor . , . m
POHK Itetelpta moderate market nrm to
a ahade hliher at $25 to $29; demand fairly
I.AMII rtecelp'.s very light: market atronc
at 128 to $12. demand rood. .
MUTION Ilecelnia llalits market ateady
to nrm al 1B to l?.'; demand soon
Colton Buyeri and Sellers
New York, Feb. 7. March Orvls,
Sellar, Mitchell. Wilson tllfford,. Hart
corn. Schlli, W, Gumoens .and Wleck
bidj Bache, Jay Rosenberg and Rusrell
offered.
aiay Ultcneil, tiumeii. i. jiuuu.iru,
Hagedom, Wilson. O. Oumoens. Wat
kins, TluasAl. Fredeilckson and Wachs
man bid; Morrison, Uutlett, IXIordan,
Downs and Jay offercar
July Qeran, Mitchell. Sham, Wen
man. Bartlett. Seller, Rosenberg. Mc
liany and Rountree bid: Hartcorn,
Bchlll. Frederlckson. Hyman. lloeenberg.
Dcrnian, Wachsman. Newman. Jay and
R. Hubbard offered,
October Russell. Wade and Wleck
bds tfellar anif Rosenberg offerjeil, n
fer Capita Cirrulaliou' Increairi
31
inir.
rediscounts of collateral loans secured West Phc' 17
by government bonds or notes.) Wen Union Tel 87
V,m.p7,Ker 0oV.Mp;1, Westlnghse Mfg4l
da.a IB d.V 'H.t..' ! " ll " K nr 17
4; 4'- -y- vviuyo overlnd
4
4
4
4'i
4
4
4
GOVERNMENT BONDS'
ATTRACT CURB TRADE
Oils Generally Lower "Var
Order Issue's Heavy Rus-,
Bian Bonds AH Active
i. w oth' rfb- 7. Trading- on Ihe
Jiroad street curb was active with most
interest attached to the trading In gov
eminent bonds. The Italian gold 5 per
cent two-jenr notes, which sold yester
day at 141, advanced to 144 to the 1000
lire,
Russian fconda were all active and
strong because of the outlook founlted
nC ,",," tho "usslan GovcrnmenOdebts,
tne 6 per cent external bonds selling
at .2, an advance of 10 points, and tho
5 s selling nt 65, a gain of 9 points.
Independent oil stocks were generally
lower showing a reactionary tendency,
with International Petroleum selling at
-IS to 20. Midwest Refining sold
at 145 and 146; Sinclair Gulf at 24
and Royal Dutch at 73 to 73.
General Asphalt advanced' from 64
to ,66, but lost this gain In the after
noon. Imperial Tobacco was traded In
nt 16, a gain of 2 points.
Chevrolet sold at 160 and 165. North
American Pulp wns the feature ot the
stock Mat, being heavily traded In nt
: to 3.
War order stocks were heavy, Aetna
Explosive selling at 7, Submarine ot
10 nnd 10 nnd Wright-Martin at 3
and .1,
IMIU8TRIA1.S
Aetna Hxploslveq . .
Am Itrlt Mfg ,
Am Marconi .
Am Writing Paper .
Air Reduction
Canadian Cnr rn
on Car'i- Fdy pr. .
Charcoal Iron . . . .
Chevrolet Motors . . .
i ramp
Curtlss Aeroplano . . .
Carwen Tool
Carbon Steel ,
I'mcrson Phonograph.
Hendce Mrs
Lake Torp Hoat . ...
Lehigh Coal Sales ..
L 'ma Ixco
Maxim Munitions . . .
V V Shipbuilding . . .
Xor Amer I'np Pulp.
Otis Klevator
Peerless Motor
Poole ICng
Scripps-Hooth v......
Standard Motors
Steel Alloys
Submarine .. .,
St Joseph Lead
Todd Shinbulldlng ..
i rjiingic rum
United Profit Sharing
U S Steamship
United Motors
World Film
Wright-Martin Air ..
Ill, I
7
. 50
. 25
. 65
'.160
. 80
. II
. 5
90
10
:
83 '
29
31
1
65
19
25
15
10
11
105
Vent rlosa
Al ('
6
4
7
'4
1
3
59
3
56
33
80
T
170
8V
95
2
18
3
86
37
1
68
19
4l
311
8 -
11
, 12
108
1
3i
39
10
3
38
"3V6
STANDARD OIL
Illinois 163
Ohio 324
Prairie Pipe ...v.... 268
R O Cal 274
SOXJ- 695
S O .V V , 324
INDKPKNDENT OIL
"arnett Oil & Gas .. ,
Cosden ft Co 7
Ulk Basin R
Federal Oil 31:
Inter Petrol 20
Houston Oil si .
Merrltt Oil 23
Midwest Refining ...14 1 '
Met Petrol 3
Ohio Fuel 16
Oklahoma Itef
Sapulpa Rer 7
hequcyah . .
Sinclair , . ,
Island Oil .
Glenrcck Oil
167
328
,272
278
700
328
..ifo
700
327
STOCKS
6
3
21
82'.
21
116
... 24 :
-.... 7
.... 3
MINIMI STOCKS
4
7
6
3
M(i
82
23
145
3
7
3
Atlanta .
Big Ledge
Butte New York . . .
Con Arlx ....:
C F S 4 Jerome
Klrst National
Goldfleld Mergee
Goldfield Cons .
Goldfleld Florence . .
Gnldflchl Kewanas . .'
Green Monster
Hecki Mining . .
Houe, Sbund .
Independence Lead . .
Jerome Verde
Jim Butler-
Jumbo Extension . . .
McKlnley-Darragh . .
Magma Copper
Mines Co or America.
Mother Lode
Nevada Hills
Nevada Wonder , . . .
Nlnlssinir
Ohio Copper ....,'..
Hay Ilercule .1 .
San Toy
Tonopah Extension . ,
United Verde
West End Con
White, Caps
Yerrlngton-
1
r
19
13,
5
4
3
42
13
45
25
1 3-3:
70
8
32SJ
liU
3
II ON I) 8
Bethlehem 7 (notes). 101
Cosden Oil 6s 86
Cosden & Co 6s 90
Cudahy 7s 102
Uubslan Gov 5s. .. 57
Russian Gov 6s..,, 66
Southern Railway 6s, 99
Sinclair Oil 6s 85
Todd Shipbuilding 6s. lot
it
1
i'
21 '
16
7
Vl
4
3
44
15
48
2
: 1
30
4
811
8
'33
1
4 .
101
90
92
102
61
68
99
.88
108
M'c
56
62
Philadelphia Stocks
15 B & S pf 50
100 Cam Iron 04
782 Klec Stor 55
300 Gen Asph 65
16 do prcr. 98
179 Ins CN A 28
275 Lk Sup U 19
27Lch Nav. 71
77Lch Vol. 55
362PcnnaRR 44
J 5 Pa Salt M 84
475"Phlla Elect J5
25 1 R T t c 24
20 Ph Tract 69
280 Reading.. 77
160 Ton Bel.. 3
265 Ton Mln. 3,
30 tin Tract 37
118U O I... 72
751 U 8 Steel 89
I.OW
60
40
64
64
98
28 .
19
70
55
44
84 4,
25
24
69
77
3
3
37
71
88
I10.NDS
HUM Low
$1400 AmGas&
Elec 6s 87
2000 Con Trac
N J 6s. 88
300 City 4s
1943. f. 97
1000 L Val -G
Cs 102
1000 Llh Bonds .
2d 3s.. 92.74
6000 do 4th
4s... 94.12
500 1- 2d
4s... 93,80
18000 Phlla Elec
1st Is.. 75
Net
Close chxe,
50 1
40
65
65
98 f.
28
70 1
65
44
844,
25,
F.9" I
77
3
..ft it
71
89 ,
Net
chBe.'
87
88
97
102
92.74
93.8d
93.80
75
Close
S7
88
97
102
92.'
M
1
;4 .24
93.80 .30
93.80 ..
WHLA. INACTIVE STOCKS
Kollowlnr; are quotations lor hinctlve
stocks listed In the Philadelphia Stock
Exchange nnd In which there were no
transactions today. Tho price given Is
the last previous sale:
Acme Tea Co 79 Lit BVos . .
Mllance Ins . 19 Little Schuyl
m Gas 63
Am Milling.. 10
Amer Stores. 25
Am Stores pf 90
A O war ... 7V4
Baldwin Loco 66
Brill J G.... 20
Buff & Susq. 70
Cambria Iron 41
Cambria Stl..p3
Cntaw 1st pf 62
Cataw 2d pf 54
Cen Pas Rys.109
Con Trac N J 62
Corn Ex N 11.345
E Pcnn R R 55
Erie, 16
Fire Asso ...285
Frth lit Nt B.310
Hunt & B T. 10 e
H & B T pf.. 13"
Int M M pr. 96
Keystone pf . CO
Key Tel ... 11
Key Tel pr.. 50
Lch Va'. tr pr 2C
Leh Val Tran 20
4f
48
41 U
'.t7
li
Vtldvnle
Norrlstown .
'np Central
North Penna.. 91
Penn Nat uk .
war 277
Tcnna Traffic 2
Phlla Co .... 32
Phlla Co pf. 31
do cum pf. 33
Phlla El w w 2
Phlla & West 0
Pitts Coal pf. 86
P R T 2
Rwys Gen ..2
Un Rys In pf 14
Un Pass Rys.160
t:n Co or N J.187
Warwick l&S 8 IS
White Motors 47
Welsbach ... 41
W Jer & S S 45
(Vest Coal ... 75
Win Cramp . 80
York Rvvy . . 7
York pr .... 32
New York Bonds
Hlsh Low
3000 Adams Ex 4s. 65 65
3000 Am Agr db 5s.l01 101
507000 Anglo-Frch 5s 97
' ennn ... ti r. t n.. i nn r
6000 Am H & 1
2000 Am Smelt 6s. 99
37000 Am-Fof Sec 6h 991
97
nu.innu 100U
Close
65
101 .
97
100
99 1 1
IT.
81
71
78
99
93
1
48
48
49
oa
92
102
lk
82
su
81
102
98 .
97
97
106
79
78
85
37
61
95
81
Floslon
New Ynrk . .
Philadelphia . .
Cleveland .. ,
Richmond.. .
Atlanta
Chicago
St. Louie ...
Mlnneapolla ..
San Kranclaco
Kansas City ..
Dalla
13 day
...4
.. 4
... 4
4'.
4'
4
4
4
4'!
4
4'p
4;
4'.'
4; 3 4
S 4'i
5 4'J
4. 3 4
i
4I
32 a;
Er dividend Consolidated rias !:''-i'.i:V."'..l;!l,Co,s?"-...i..
Iniernailonal
" ,H-':'. .. - o--"ita iiry tionp.
d
NEW YORK COFrEE MARKET
New York, Feb. 7. Therf was no spe
cial reature to the coffee market, dur
ing the first hour of trading and busl.
peps was quiet, with prices about un
changed from the opening level.
The primary markets were lower. Rio
spots being reported at a depl'ne ot 125
rels, Santos 100 rels lower and futures
unchanged to a decline of 100 rels, 'Firm
offers from EtozII are reported lllght.
with no signs of holders making any
price concessions.
At present levels Importers are not
Inclined to make more than very mod
erate -purchases, consequently business
Is dull.
In the local spot market prices Were
unchanged. In mild coffee, arrivals con.
tlnue heavy, during the last day or two
27.000 bags reaching port with total ar
rivals so far this month 68,887 bags.
. resterday'a Today's
riopa ODP11I
liar 14.41
December ?, 13.53
January
labruary .-
99.
99
1000 Am T & T 5a 92' 92
41000 do 6s 102 102
5000 Armour C 4s 87 87
33000 Atchison 4n .. 83 83
5000 Atl Co L 4s 81 81
3000 Bait & Ohio 6s 82 82
5000 do cv 4u.. 80 78
2000 Bkn Rp Tr 7a. 81 81
1000 Bordeaux 6a ..102 102
8000 Can Gov 6s '21 98 98
.10000 do 1926 .., . 97 97
7000 do 1931 .... 9704 97
2000 Chile Cop 7s.. 106 106
18000C O cv ls.. 80 79
2000 do 4s 78 78
20000 do cv 5s ... 85 85
1000 Chi tc Alt 3s 37 37
9000 Chi Ut West 41) 62 61
57000 C B & Q 4s... 96 95
1000 Chi Mil & b't
P 4s '25 81
9000 do rfd"4's.'! 72
200vV do cv 4s... 78
21500O Oof -Paris 6s. 100
1000 Cumb TI 5s.. 93;
5000 Den & R Gr 4s 72
2000 Erio cv4sSrA 48
1000 do Scr B... 48
8000 do Scr 11.. 491.
21000 French R 5s.l05ft 105ft
aouo II & Jl in ss lC'-j 16
8000 Interb Met 4s 4A
6000 Int Mer Mar 6a 98
6000 Inter Agr 5s. 80
lOOOLackn Stl 5s '50 80
3000 Lacldc Gas 6s 99
2000 L S deb 4s 31 88
1 0000 Lch VI. rets 6s. 101.
7000 Ijrlllard 5s... 91
1000 Lou & Nash 4s 85
466000 Lib Bond 3s. 99.00
284000 do cv 4s 92.88
19000 do ist 43... 93.02
2842000 do y8 .... 95.18
82000 do'lst 4s. 95.12
1348000 do 2d 4s. 94.28
5642000 do 4th 4s. 94.10
16000 Lyons 6s 102
5000 Marseilles 6s. .102
7C00 Mldvnle 6s .. 86
7t00 M P. WL 5s '26 90
41000 Mo Pac gen 1s 61
600CMont Power 5s 92
23000 NYC 4 II 61. 99
10000 do 4s .... 85
19000 NYCy 4s '59. 91
29000 N Y Ry 5s... 12
1000 X Y T g 4s 02
5000 Ore S L 4s... 87
1000 Pacific el 5s.. 93
16000 Pa gn ct 4s 89
4000 do 4s 1921 97
31000 do 6s 1968.. 96
3000 people a uossa au
-2000 Pierce O 6s '20.100'
6000 do 6s 1924... 91 90
2000 Reading 4s.... 86 85
1000 Sinclair Oil 7s. 95 95
10000 sentj al ouj it iu uu
24000 So Pac cv 4s. 84 84
6000 do cv 5s ....101 101
3000 So Ry 4s 67 67
14000 do 5s 94 T 941,1
1000 Texas Co es.101 iui4 iui
llOOO.Third Av ad 5s 29 29 29
4000 1' S Realty 6s 65 65 C.I
40000 U S Rub 5s.. 87 -,86 87
7000 do 7s 104 1031. 103
17000 U S Stl s f 6s.l00 100 100
14000 do reg 5s. ,100. 100 100
iqilAnTTnlnn Y)an 1. Oftl'
9000 do 6s 104
25000 Un K Gt B & I
5s 1919. ..100
73000 do 53 '21. 98
688000 do 5s '37'. 101
70000 Va 6s Brown B 72
2000 Va Rwys 5s... 92
1000 West Elec 5s. 97
LITTLE TRADING OF INTEREST
x IN THE LOCAL STOCK EXCHANGE
Trade Drags Along With Few Salcsand Lower Pricijjj
Electric Storage Battery Holds Firm Rails " 5
' Are Sold at Concessions . SI?
fi
Today's session on tho Philadelphia Stock Exchange wy a decidedly weafcH
. .v, unpossioio to arouse nny interest In any group or IntHk'j
onO. tho trading dragged alongylth tho few sales made nt usually decllv
IliS I" ices. - - i
Klcctrlo Storage Battery was about the only one of "tho fewstocks traW,
In that held firm. Tho Asphalts wero off small fractions, and Tonoptvlt-i
X.V-...U..I . u.m lonopan Alining, which, had shown some' activity earlier JnjHiej'l
ween, uuout neia ineir positions. . , M
. .f1!0 Su"erlor 7as '5 mod"ate demand and held fairly steady, wli!'
Philadelphia Klectrlc eafed off. United Gas Improvement was lower-04,
saici oi noout a nunurcd shares, and Steel was up fractionally.
Reading, Pennsylvania and Lehigh Valley, tho only rails
come ot
V;-(l
V '
la anU LeniCh Vnllev. Ilin nn V mil. In nnm nial
were sold at concessions,
Uonds fared somewhat better, although in this section nnernllorm reH
limited. A smnll sale of City 4s, 1943, gained 1 point nnd a block "of 20t-
uunsuiiuuicu .i faction oi, iscw Jersey was up .
i .
ine rcouction Dy twoTmtlonal banks In the rate for call money of VI
i per -cent rrom g to 5 per cent has not become general. v1
So far-as could he learned this morning, other national banks and tJw'
trust companies as well aro adhering to tho 6 nor cent ralo which hair-beM
in effect since December, 1917,'nnd they express Intention to hold to thla rat,
for the present. - , , i&
v. in:.... n ?... r i . i
i..v vyumijj Uj crujwaics or inacuicaness
A new offcrlirg of Treasury certificates of-4ndobtedness, nmountln;"t
1600,000,000 with Interest nt tho rato of 4 per cent, was announced todapib"
tho Treasury. Tho certificates will bo dated 'February 13 and will bo paVabni;
July IB next. Subscription books will closo February 20.
.
99
93
72
48
48
49
105V,
16
40
98
SO
86
99V
88
101
91
85
98.88
92.80
93.00
95.12
94.92 '95.00
94.00 94.20
YARN TRADE NOT IMPROVED
Uncertainty as to Prices nnd Strike
Conditions Restrict Buying
Present conditions nro reported cry
unsatisfactory by local yarn dealers,
according to the weekly review of trado
for tho local district by R. G. Dun &
Co. Buying Is restricted, owing to un
cerlftlnty.or prices and strllto condi
tions, and the impression seems to pre
vail that no decided Imnrovemcnt can
rhe looked for within tho next thirty
days.
Whllo business has been- generally
quiet In tho manufacture or ladles' wear
ing apparel during tho lant weelrr there
has. been n llttlo moro activity. With
the labor situation settled, .some or tho
dress and waist manufacturers arc now
receiving a fair amount or orders, nrln-
Lclpally from out-ofrtown trade.
Jobbers of woolen and cotton goods
have found business quiet this year.
Tiicro' has been a. slight Increase In
miles during tho last week .or ten days.
The review, continuing," goes on to
say: ,
"Manufacturers of mpn't and boy's
clothing stato .they have l(tln to offer
tho trade 111 Ihclr spring goods. Prices
contlnuo high.
"Jobbers of hosiery, underwear and
Knit goods say that whllo business has
been quiet, trado Is buying for Immedi
ate needs, but collections have been
satisfactory.
"Tho Iron and steel market continues
without material chango and Is nome
what quiet as regards general business,
owing lo prevailing unccituJnty us to
continuation of present prides. Manu
facturers aro well employed and Jobbers
nnu reiaiiers nro'iainy nusy.
"Tim electrical trade Is somewhat
quiet ns regards demand for electrical
appliances, 'though these goods are
moving in ralr olumo though In an
tlclplftlon pr decrease In prices, tho de
mand has somewhat fallen off. House
hold labor i-avlng devices nro In good
demand and, Jobbers and retailers ao
well employed. Manufacturers aro nusy,
"The stove tcadt Is quiet as regards
staplo goods, owing to continued mild
weather and the volume of business is
40
98
79
86
99
88
101
91
85
988
92.80
93,00
95.04
94.00
102
102
86
90
92tf
99
85
91
12
52
87
93
88
97
96
80
94.00
102.
102
80
90
01
92
99
83
91
12
52
87 ,
93
89
97
96
XU
Ins
4. IX
13.51
in. nil
13.45
s asaa dit a t (, m y ,nspaiPtjw ira Ilf V QOi
lt prf. 14, Aii&cUtcd Dry Goods.
pref, 14,
f RANCE WILL HELP SWISS
'. i The market for' ;
was quiet in the early , President Atlor Lcuiiis That, and
The tone wan. In the rp n . W'l r r
: Sw'ss shaded a cen- 1 alk.8 to WlIoOIl of LeaJlie
V FOREIGN EXCHANGE
Vnrk Feb. 7. The market
foreign exchange
dealings today.
main, steaoy, nut awss snaneil a cen
time from tne uest of yesterday.
Quotations were
Sterling 4.76H, cables 4.76ft, sixty-day
inns, nominally i.im'j, mneiy-uay Dills
.". .......
Frano rauies6.4li, checks 5.45.
Lire cables 17.35. checks 6.37
Swiss cables 4, 87r checks 4 91.
Guilder cablts 41 A, checks 41.
Pesesta cblV 2.0.20, checks 20.12,
Stockholm cables 28.35. checks 28.15.
Chrlstlanla cables 27.55. checks 27.25.
Copenhagen cables 26,20, checks 26.
In sympathy with the advance In
Russian 6',-i per Cent bonds nn th fnrli
due to the advancement of the Russian
noviei relative w mo payment or obli
gations to foreign countries, ruble cur
rency Jumped about two cents In the
early dealings today. The opening figure
was 17 bid. 17 asked, compared with
1515 at the close on Thursday.
BANK CLEAMNCS
flank clrarlncp today cvmparad with cor.
reapondlnf day last two years;
eanju
llerne. Swltirrland, Feb. 7,(By At
P.) Qustave Ador President of the
Swiss Confederation, has made a state.
ment to the Federal Council en results
of his visit to Paris. He said he had
discussed with representatives of the
Allied Powers the Internationalization of
the Rhine, free access lo the sea for'
Switzerland and the necessity of supply
ing Swiss Indusliles with raw materials
and fuel. ,
He said ho had received assurances or
llfln. notwithstanding the tralunnnitlnn
crisis In France and the urgency of the.
reconsiruuuuu ui ishui una neigian in
dustry. France, he said, was ready to
do her utmost to help Swiss industry out
ot Its present difficulty.
The principal question dlscusced In
Paris, the President added, was Swiss
entry lnlpa society bf nations. In con-versatlon'-wlth
President Wilson, Presi
dent Aur said he had set forth the
wisnes an views oi me I'caci
y.quarlarlv
yZl to atock
DIVIDENDS DECLARED
Manatl Husar Comuany. nuarlprlv nt 5U
pir cent on common, payabta March 1 to
tofK ot rpcora rtoruary in.
Mianosrn un company or New York ouar-
trlv of 14 a ahare. payable March 14. to
BIOCK oi rrcuru rvoruary .1,
HharD Msnufacturlnr (nmnn
of 2Vs per cent, payable February
nr rscoru rruiuarr i.
Brown Shoe Companv.s quarterly of 81,50
on common, payable March 1 to stock of
rerora r-nruar.- .-n.
West Penn Rallwap Company, quarterly
of 1 per cent on preferred, payable March
IS to alnck of record 'Marc 1,
Porto Rlran American Tobacco Company,
quarterly of 3 per cent, payable In scrip.
Klectrlo investment Corporation, quarter.
Iv of 1 per cent on preferred, payable
February 21 to atock of record Februaly 11.
20.100 100 100
suv
85
95
50
81
101
67
94
86 86
104 104
100 100
98 98
101 101
70 72
92 92
97 97
reported small. Buying consists l&rtleV
vi suiiiicb neeaca to complete BIOCK,
and llttlo1 activity Is noted along gen-
eral lines. .Tohhem nnrl retailer ara ,
fairly well employed, and foundries arVl
operating at aoou: so per cent capacity,
"Tho leather market continues actlvti
nnd nrleen atearlv. Ginger! Irlrl la In Asi.
rnanri and there Is llttlo surplus stool
on hand. Shoo dealers report only-nod
ernto sales; ovVing to lack of snow, t
at. .e v,.i.i.AMH i.a., ,... ...... ...u.i i
".v vi .uuuua imo uvcji vciy oinpiii. 4,
'TltllnAr' nnla .nnrl n enlwl-!
nCtKrA tlntlA nn.l trnnA firAM nn hanrl etmW
-i;- ,".,-" " - ...- -w.,.
uiiruig ueuvcry. k
"In the lumber market there Is not I
mucn cnangn to note, there not beln
much demand, and prices are somcwhail
uir n.u .- fc. ...,.. i -,. v
0111,. xiiu vi sui,ijr 13 lair. : 1
. "In the taltumlnous" coat market there I
is lime or no ciinnge In regard to prlc
Hna mo acmana nas somewnat raue
oit.
"In tho anthracjto market conditions
remain about tho same. The demand.;!
i,.,.cv..., urn iuiicii vn ouillCtviiav, UWUlaM
to w-cnuier conumons, and at tne present
tlmo there is no change In prices. In?
many Instances, however, mines are not
operating, owing to labor conditions.
"Somo Increase In volume of na
work started In the building line Is noted
the Inst week. There Is. however, a, dli-'
position to still hold back a large amount
nf proposed Improvements. While there)'
Is a' slight decreaso in prices of, soma
materials, tho cost of nroductlon. dun
largely to labor conditions, "bIIII retard-
operative Dunning. Homo municipal
Work Is being stnrted and estimates are
being made, in injproveinenas to Indus
trial plants. It )5 believed that In the
Qoursn ot a Tew weeks there will be,
general nouviiy 111 inis line. " j
"Wholesale crorcrs renort hualnaeav
'quiet ns both jobbers and retailers are-'
ouying ror requirements only, anncl
patlng a decline in commodities In gen
eral. Collections are satisfactory. 5t,
"Coffee Is unchanged with the ten-
,lAtt. .l.ti'ti,i'nrrl mrlni in nn4al a
further supplies 'and caBler feeling !
cost and freight market. .
.'Tna In eallnfii.tnrv .llh t.tlAa. Ihfrw
dealings am principally In Japan and
mines, nnu ueyionn aro icaro. TI10 out
look, however. Is satisfactory. ' ..
"Sugar is steady under light offering I
ut a basis or nine cents ror fine gran-I
uiateu. ,
Bank of France Statement
l'arla Feb. 7. The weekly statement
ot the Bank ot France shows the follow
ing changes: Gold in hand Increased
.3,246,767 francs; silver In hand decreas
ed 657,985 francs; circulation Increased
383,965,290 francs; Treasury deposits de
creased 2,215,038 franc; general depos.
it. decreased 30.694.269 francs: bills
discounted decreased 49.304,798 franca;
advancesMncreaBed 31,257,757 francs.
GOVERNMENT BONDS J
Clalnrv
WY Ask.
raniimi coupon '.'a, 1930. .,.
Panama rrslatereil 2a. 1V36, ,
Panama coupon 2s. IV3K
Panama registered "t. 1B38. '
Panama coupon 3s. 19U
Panama registered 8s. 1601 ,
Philippine O. 1M4. ... ...
Philippine 4s, JtSji
Philippine 4a, lJO.,
I) 8 Oovernment cou 2s, 1030.
tl B Oovernment rvs -5a. ISSo.,
ti.R Oovernment cou Ss, lain.,
IT H Oovernment res Us, 1040 ,
tl h Oovernment cou 4a. 1S25..
.. a 1... ....... . Am A t .A,
Ulstrlct of tjol M. 1924 ..,, 97 V 100
. ,:HICA,G0.6UTrER AND,
7
U7
117
T
X7
S7
90
SO
, SO
:Htt
s
104
na'i
fls
VJ
MJ
va
Silt
ii
NEW Y1RK BUTTERAND E&CS
New Yatli, Feb. 7. DUTTntl Weak, nr---celPts
N'1IM H'ba. Creamery,, higher than
eitraa.v B0t5OVie: eitra 1112 'score). VJtP
4M4CT Aflrsla. 4.1ic; nacklntf atock. cui
rent mVe. No. 2. .133le.
1XUH WcaUi Itecelpta. 12.733 cases,
Fresh galberta elras.rl7 tr4Rci fresh nam.
ered regular packed, extra flrata, 46'i 047c.
do. Ursts. 45"j O40c; State Pennsylvania apd
nearby weswrn h'nnery while, Hut to fancy.
fttWSSc; -9iate Penniylvnnla and nearby
hennery white, ordinary to prime, MOfiBc;
do,' brown, fi0fi54c. do, gathered brown and
mlied colors. 4041 48c.
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
" Rats
3'2
4
414
414
414
Cillable
1932
1932
1927,
1932
1927
- 1933
Due
1947
1947
1942
1947
1942
1938
1928
Appro. Yield
If Called, or If
Gelling at Par.
on Callable Date
. 3.60
4.7Q
5.00 .
1 4.72
5.05 4.80
Apart x.
Yield
Maturity
3.55
4.42
4.41
4.54
4.65
4.71
4.88
50, 5100, $500 AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING THE TAX
FEATURES OF JHE LIBERTY LOAN BOND
ISSUES WILL BE FURNISHZD UPON REQUEST
T
MONTGOMERY GO,
in
'A
1l
"3
t'V
4
14'
1U 80UTH 4TH" STREET
PHILADELPHIA
14 WALL ATai4
NEW YOHK ' ,
I
.GOVERNMENT SECURITIES DErABTMKNT
Tl'.LEl'UUMiS. IIEU,, LOUUAUU 4320 UJaSTONK,ALlN J5
400 Questions
v Answered Free
m
L Argenliiie Ieiuet Covernment CreJits
Washington. Ken. 7. Tne HtatoUe
Diriment Is advised tho Argentine Gov
ernment has given credit of SO.000,000
nesos cold each to Great nrllitln and.
France and 40.000,000 to Italy lg enable
these countries to purchase Argentine
products.
' BAR SILVER '
Commercla 1 bar silver was quoted in
Vtw York today. at 1 1.01 '.4 an ounce,
unchanged; In London, at 47-rttl. un.
fhanged, . '
twtEVER before in the history of the
JlN United States" have financial words
, 'and phrases been so generally ysed.
Every Investor or intending purchaser of I
securities should understand all of them. ' ,
A. free booklet explainirfg more than
20P which are uspd constantly by brokers,
bankers and financial reporters is yours
lor tne asmng. . ' V
-i
,.s.
1 ii
f
il
Write, call, or phbne for Booklet T. U.-440 ' J
JONES & BARKER
SECURITIES .
Widcner.Wdg., Ftttedelpki I ';,
Thonn BTI, Walnut, IMC
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