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l5TJ5iS-JjSG PUBLIC LEDGEK PHHiADKLPHIA, FRIDAY, FEBtttfARY'. 14, 1919
IS
u4
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS,
iX
Ks
uatmw tnrt laJnU
Boatb Secured by
834 Miles of Railroad
SECURED by an absolute fint
rrtf.afe on the Hsia line ol
the CMcago Drriiioa of the Caaa
dial Plate Srrttm in the United
States, the 4 bond ( the Wu
cassia Railway Company due
Jdy I. 1949. ire highly ufe.
guarded iaratment.
Pric I yield about 5.50
ScniUjday for Circular VH-iO'.
The National City
Company
Ctrrtittndtnt Often in si CilUl
railVasia--142l Cssitatt SL
Te ephone J400 Locu.t
POOLS ACTIVE IN FORCING GAINS
ON NEW YORK STOCK EXCHANGE'
Oil Issues Lifted to Higher Levels, With Koyal Dutch
Making Greatest Advance Tobacco Products
; Traded in on Large Scale
New York Stocks
in
Clni-3?4
Net
i hit
!-
High Points in Today's financial News
Pool activity on the Now York Exchange forces juices up. tlic oil
issues being the leaders. Trade is fairly active on the local exchange,
with values showing an upward trend. Curb is active with pronounced
strength in many issues. Business in foreign exchange was on n lim
ited scale, with an easier tone in neutrals. Unexpectedly large domestic
consumption figures put out by theXIcnsus Bureau are followed by a
big jump in cotton prices. News which created bearish sentiment causes
heaviness in corn. Commercial bar silver is unchanged in New York
nnd London.
T .....
lifiKa UIU 31. . J 3
'"n Juneau. - - z
Am lleet Bub. 68'4 68Ji GSJJ
do pref ... .lOO'i lOOU 100 ', KoVlll
""1 U ei I'' L'O I9U 'A 8'J
PETROLEUM ISSUES
LEAD CURB TRADING
do lirpf
Mm Cot Oil
Am DrURRlstfl
Am Hide A. I,.
lo pnf...
Am Int Corp
Am Jco Sec.
lo pref...
Am Unseed
Am Malt...
Am h'tncltlnc.
Am Sum Tub.
Am Steel Kilry
115 11B,
421,
124
18
2M
5 1 'a
. 41
C9T4
48
1
C5'
1044
!)
Am Tel & Tel llil'fc
rin iODncco lit
Pf.
New WU, Tcb. 14 The stock market lti toln's trnrilnK consisted
almost wholly of n field for pool manipulation and for the forcinc of
pilep movements b u new eomhlnatlon of speculative plmiKers, who
traded In a dozen stocks on a large scale, causing advances In these Is
sues of from 1 to more than 0 points.
These speculative operations and pool manipulation Ignored the
Bcncral list altogether and commission houses f-ald that as far ns their
business was concerned there was no market. One pool concentrated Its
efforts In Tobacco Products and UM-d a statement about the purchase of
the Phillip Morris Campari nnd the offering of valuable privileges to
its stockholders as a reason for putting Tobacco l'roduits up to the new
Your Pennsjlvania reports are to! "" re ' ?' , ,, . . .,.
lilt n:il UiCUlll nuaivn M..v iimi uvu , . .... .1 f,1"'11 ....... " -r. .--
Am Wool
Am Writ 1
Anaeonda
Asso Drj goods
Atchison . . .
do pref ..
Atl Coast Line
Ati c; & w i
llald Loco Co
Llnllo & Ohio .
do prt f
IHiirctt Co
Uatopllas Min
Utlli Steel IJ
48
3ZU
58S
10?.
ot
864
37
97
72 4
4G2
5'3
115',
!
ni
To Corporations
' State Taxation
be filed on or before February 28.
State taxation is complex,
you sure ou understand it
Are I
well
enough to avoid error and possible
.Joss?
One member of this Company was I
Deputy Auditor General in charge of '
appealed tax cases. Another wa- ,
Chief of the Bureau of Corporations .
and directed the taxation of the more
than 20,000 corporations in Pennsjl
vania. ;
Our knowledge is at jour serwec.
Tax Audit Company
311 Pcnnsjlvanta Building
Harrisburg Office, 209 Dauphin Bldg.
Itoal Dutch bought ! the umc speculative element that was atlhe
in the other strong features and its price was lifted to 91'4. against Sj'i
nt the close estcrday. Mosloan Petroleum moled up S points to 176s,
but lost ncarl all Its gain In a reaction, which occurred In the late trading,
The statements made b Chnliman Hurley weio construed as lndl- .
eating a probable transfer of the British lines of International Mercan
tile Marino to the fulled Stmts Government, and that stock was made
one of the strong features on the same class of bulng, advancing nearly
i points to lOO-V United Cigar Stores was lifted 3U points, to 118
Outside of these easily controlled issues, trudlng was small und
fluctuations wcie without importance.
Interest In the bond market continued almost wholly devoted to the
trading in the Liberty Issues. The fouith 4',s sold ut 13.S to 93 SO. with
a rail to 93 90. Changes In other iues were without Importance
BEARISH NEWS MINGS I COTTON CONSUMPTION"
DROP IN CORN PRICES REPORT HELPS PRICES
Your Income Tax
Return Should Be
Prepared Under
Legal Supervision
Under the new Ttevenue Law
Income Tax nnd War Profit Re
turns .will be more complicated
and difficult to prepare than ever.
Troper legal guidance In pre
paring and auditing Tax Ileturns
may effect a great saing to tax
payers. Our Tax Audit sen Ice Includes
leital supervision bv our counsel,
John F. Mcnoy. rn,.. who re
cently resigned as Chief Deputy
Collector of U. S. Internal Rev
enue for this district.
See us before filing our Re
turn.
Folder, "Income Tm-TCtrem Troflt
Returns for 1018-10," tent upon rr
queit. NATIONAL TAX
AUDIT BUREAU
TaxExptrti & Public Accountant
406 Colonial Truit Bldg.
Market and 13th Stt.
Spruce 1075 Race DOS
Sliorts.Fail to Come Into Mar
ket anil Poor Buying
Power Results
do K ltf tin f man.
i Hrk It T 2Ji,
liurns llros 145 't
I Muttn O & Z Co 5-Si
, Cnl 1'clt oleum 24 U
do pref 69 H
nl rucking i'o B34
Canadian J'c. 1B8
Central Louth 5!).
Chandler .Mot 118',
Ches & Ohio. . B3
Chi Gt West . 7' j
Chi M & M I'. S9
do pref Tu'd
Chi Rl . I t e .'.T4
Chile Coppei . 18
I'lilno Con Cop 33ai
Col Fl H lion. 3ii'4
Corn Products 47 'j
Crucible bteel 5fi
Cuba Cane Sug 21'.
Cuba Can fa'u pr 74 ij
Dome. Mines . 12 'i
Distillers Secur Bfi'u
Fed M & S pr. 33
Uastou-Wnis . 27
(Ion Cigar Co. C0
Gen .Molois 132 'a
do rts . 2'i
do pref 84'-i
Goodrich II F W
do pref 103
Gt .North pf . !I2',
do Urc subs .IMj
ltnskell H U .4.'
Inspiration Cp 43r
intcroor-con i
do pref . .
Int Mcr Mar
do prpf .
Intern Paper .
do pref sta
Int Mckel
Jew ell Tea
do pref
42j
1JU
17
no I,
C3
40,
ts
47,
I
64
103,
764
HIU-',
197Jt
18(i
31 's
B7'i
19'j
91
S6H.
9 6 la
9&i
71 'a
459
B4 'a
116 ,
l'j
60H
lis
234
C8'-j
53
108
G'l
115
D5
7'a
36'j
70
23 4
17".
115',
42 H
12'4
lTfc
92
53 Ti
40a
69 J.
fi
C4i
103 J.
70
1U0'!
197,
481,
32it
67'4
19't
91
864
9C
954
71 4
46s
51 '5
1164
00,
1034
lis
5i
23 "4
1,8 l2
r.3.1,
158
59 U
IIS
1
Dutch in Deinnnd.
Other Oils Make Moderate
Gains War Stocks Quiet
no
;..
V. 1-: r... 1.. r- 1 Kan City Sth
l lyuius viuii vfin nj .uiisua Kellj-SprlnBrtM
Bureau Take Trade Com
pletely by Surprise
r.itiiN iiki.t r.Tiu-.R inui.A.T
(Idrnirn. Ib. 14. llllnot- .I'norlllril,
wllh nrnliuhh Unlit n tonlcht and In
norlhrilHt Siitiirrint l rolder.
Mlnurl t nrlllnl mid collier tonislit.
nllli Unlit anon etl Mllurilnj fair unU
VVI(nnln I'naellletl nml rolder lonlcht.
with tnan rant mid r.nut III utunlu
elmtib I rnlJer ent.
Mlnnrxola Kiilr tonlclit and Situnlajt
I unit t'n.etlled end rnliter tooleht, mllh
ll'4t nor extreme enlt Sutnrilu rlouili.
North DiiUota l'nlr tnnlnlit nml "jt"r
iliil kIUIiII older eat und entrul to-
xoiith UiUntn Knlr tonlclit rnd Sat
urilin t.llclill rolder enst tonlelit.
NelirnsUa Knlr tnnltht Bnd atiirdijr
rolilrr eilHt pml Kouth Innlclit. ,
Kun.iip. Vnlr Innlrlit and Snturdljt
Sllelillr rolder Innlclit. , . . .. .
Mnnlnnn l'srt eloud InnUht and -
ltrdn)l prohilhh nno net oT the IllildPI
unmenlmt uarmer net tiinlnnf.
U.rnnilnr Pair tnnlcM nnd nliirdi.
exrent proti ibh now extreme nortliwefct.
COriON lll.l.T WIIITIIIJK tllMIITIONS
e lorl. leli. 14. The follow Inc lein.
n fn t lire. ere rererded In the lotion hell
"';. niprnlnei
i i a!V""." '" ""ll P"' "mllli. 3I
V.""2 "oek. .mi MrmpMa. 40 Nnlnllle.
HI Snn nlnnlo nml Mrkuliuric. 4nt Al
lnntn it nd -lnrki.nnilllr. 4Si I'oriMiK C hrMI.
Itniiiillle, tiiBimtii nml Thomnmllle. mil
'l,l,,'",on. Ne Orlriui. nnd Vliinticomeri,
JJi I enaiiriilu nnd Siitiinnuli, .'ill (hnrlrs
lonnnd VVIIinliicloii. US.
There- u .ui Imli of precipitation nt
. .". ,,.!.,.r"rV .aPd Mlullli .14 u Smnn
iii hi .so ut ( harlektoni ..12 at WllmlnK
i ?.l ."..",. Innxlllei .? nt Aurimliii
! at .Mohlcomrrj. and 1.30 ut Jniknon-
eu Anrlt. Feb. 14 The Census Bu
reau's figures took tne trade completely
,hj surprise In lcvv of the news trom
the mills during the last few vveel.s nml
Mere, largel responsible for nn upturn
of 20 to 49 points In prices at the out-
(lilracn, Feb 14 A drop in provi- set.
slons, les tenso foreign political news
and predictions of nn Improvement In i 35 to 5 J points net higher, with May
thn weather created bearish sentiment , ""'"B ni .'l.Koc, or more than J10 a
In corn today and the market was
18j
23 't
100,
41 1,
f'8.
2Cci
30 ,
86-t
174
83
ixcnnecott copp 30
Lack teel ... 65
Lehigh Wallex 54',
Max Motor ... 32
do 1st picf. . 53'j
1 do 2d pref.. 22 's
IMay Opt Stis. C4-.
Mcx Petrol . ..17Gi
do pref .. .. 107
Miami Con Cop 22 '1
i Mldvale Steel. 4
. Mn & St L new
Missouri Ppc .
I do pref... .
Mont Power..
I Nat Acme . . .
X C H Cable.
-Vat l; . htpd
, do prei . . . .
National Lead
Nat lilt of Mex
1 2d nref.. ..
N Y Air Brake 90
, N Y C & fat I.. . 29
X Y X II i. II. 27
lOlila P & lief.
I "Ohio Gas ...
I do rts
I Pac Mall
, Pan-Am Pet. .
I'enna H R
Pere Marquette 13
j:1
'J
24
614
711
30 4
14
47'2
07 (,
C7'4
S'
35
2,
30U
711
Ai
364
4T4
61',
21'4
74
12'4
55'j
33
27 J4
50
130',
2',
SIU
594
105
91',
37',
12
43'j
54
99 '4
3'l
08
2C,
3H
86I4
17s,
82 4
29,
04',
54',
31',
55
2.'
G4's
173
107
4i-j
934
23
SI
71
3'
14
45t
97',
07
i'a
SB",
70!,
23 4
174
33 a
304
47'4
55
21,
74 'j
124
50 1 3
33
274
50 '4
130U
2 s,
84 3
:.9
105
It.'3.
43ij
'4
99 g
41i,
08
2Clj
oil',
8fii4
I7'
8J4
30
05
54',
31
New A'ork, Fch. 14 Trading on the
Broad street curb was active, with pro
nounced strength shown In mnny Issues,
the petroleum stocks maintaining the
most prominent position nnd demanding
the greatest attention.
Royal Dutch, new ttotk. was Influ
enced by the violent ndvniuc of the old
stock on the exchange, nnd was traded
in on a largo scale at 81'i to 87',i, but
at that price was 4 points below the
highest- touched In the board by the old
stock.
Other" oil stocks made moderate gains.
Houston Oil being traded In nt 84
to 84; Islnnd Oil nt 74 to 8 and Inter
national Petroleum nt 21 and 21 H.
General Asphalt was again active nnd
strong, selling nt CO'j to 08', and the
preferred vn"fl traded In at 100 to 102
halrbanks Scales sold nt COiJ nnd 00'4
V Gillette Razor Rold at 130 to 128.
1 Motor stocks were fairly active, Ke-
4- ', stone Tire ranging from 2',s to CUi,
34 1 and Lnlted Motors sold nt 3994 to 39B,
" , Inter-Contlnenlnl Rubber sold nt 17'4.
V ,!" There was a laige amount of busl
J , ncss In Phillip MnrrJs Cigarette stool."
4. s. which Is to be offered lo Tobacco Prod
ucts stockholders at 4 Sales of Phillip
Morris were made at 8 to 9 -ind To
bacco Products rights sold nt l?, nnd
,4'a. Brltlsh-Amorlcan was firm at 21
and 554.
AVnr slocks were quiet. Aetna K
ploshes selling nt 7'4 nnd 7'-. Sub
' marine at lo' to 11 'J.
I Ml I STUIAI.S
1.
4
'.
If.
Ij,
1
i
Philadelphia Stocks
149Allla Ins. 20
lOAm Gas., 63
9 Am R pf 85
230 i:iec Slor 57
652 Gen Asph 68
925 do pref.lOl'a
.59InqXA 28U
200 Kenne C. JO
610 Lk Sup C 1974
12I.eh Xnv. 70
20I.eh Vnl.. 554
224 PennnRR 4 4J4
226 Pn Halt M 84 H
5 Phlla Co 32
100 do cum pr 33
480 Phlla Kite 25l
780 P It T t c 26 4
13 Ph Tract 70
C20Ton Bel.. 3'S
137 Un Tract 37 a
320 V S Steel 91
Ixiw
20
63
66
66i
67 '4
99 i,
2U
30
19i
69'i
55Mi
44,
814
32
33
26i
24
70
3a
37
90 ?i
Cloao
20
63
65
56
67 Va
100
28'i
30
i9;
70
66 14
ub
84 i
.12
33
25'i
25
70
3 'a
37
90
Net
chito.
Vi
'u
nosns
High Ixiw
'4
$100 Am Gas A
i;iec 6s. 87 67
10000 City 4s
1941... 96k 06;
3000Kqult 111
Gas Cs.lOl'.i 101'i
5000 Leh V O
cons Cs.102 102
10000 do 6s. ,101?4 1014
TiiO l.ii nonds
4th 4 Us 03. CO
460 do 2d 4s 92.20
750 do 2d
4'4s... 93.50 93 50
2100 do 3d
4Us .. 95.14 94,70
60 do 1st
Is. ... 92.30 92,30
100 do 314s 98.50 98.60
0000 I'll Co con
5s stpd. 85 U 85 U
11600 Phlla Klec
1st 6s.. 94. 93 'i
6000 Reading
gen 4s. 85'a 85'4
Clone
87
96 s.4
1011.4
102
1011
Net
thte.
93.60' 93.60 ..
92.20 92.20 .30
93.60
94
.10
0 .20
92.301.00
98.50 ..
86 V, 2
934 '
85'i '4
PHILA. INACTIVE STOCKS
Following nrn nuolntlnnu for Inactive
j stocks Hsted In the Philadelphia Stock
1 Exchange and !r. v.h'.ch t're weVe no
transactions today. Tho price given is
the last previous sale:
,m Milling.. 1014 Little Schuyl
-t-
m,l
W
G4',
174'a
107
on
9'.
2 J 4
51
7I'4
30'
14
45U
971,
Aetna Hxp'oslves
Am-Brlt Mfg
Amer Mnrconl
Amer M'rlllng Paper
Air Reduction ....
Cnnadlan Car Co .
Can Car & Fd pf.
Charcoal Iron . .
Chevrolet Molots
Cramp ...
Curtlss Aeroplane ..
Carvvn Tool
Carbon Ktrcl
IJmerson Phonograph
Hendee Mfg
Lake Torpedo Boat .
Lehigh Coal Sales. . .
l.lnia Loco .
Maxim Munitions . .
X Y Shipbuilding .
Xor Amer Pap Pulp
Otis Klevator
-t- 4 Peerless Motor . . .
4 ' I'oOlp Zltr
1i Scrlpps-Bootli 15
'a Standard Motors .... 7 '4
'.a j Steel Alloys 5
2s submnrlno 11
2 St Joseph Lead 11
'4 'Todd Shipbuilding ..104
a, ; Trlangio Film .... U
'4 United Profit S'harlng 1
'3 US Steamship 3?4
United Motors 39la
' World's Film "4
. . . 1 Wright-Martin Air . i'
Vent rloe
AU (eile)
4- 4
-r ',
c
-
'2
.
'.
j-2'a
-;
214
i
'4
-r2i4
1
i
2 G
4 4'i
2 3
60 56'
25 33
65 80
' 714
.165
75
11
3
90
O
10
2 '4
83
27
U
34
34
65
19
0
85
12
5
93
21.
18 '
' 21
86
31
3',
68
19'j
40
30
S'a
8
ll'i.
18
107
1.
lla
3',
394
34
104
1P4
34
39i,i
34 3',
STA MIA III). Oil.
New War
'Revenue Bill
We have in course of prepa
ration a booklet giving in con
venient form a digest of tho
provisions of the new War
Revenue Bill, including com-
riarisons with the Act of 1917,
ncome Tax table, War Profits
Tax example and other inter
esting data and statistics.
This booklet will bo ready
for distribution within a few
'days. As the edition will be
(limited, we suggest that those
interested write at once for a
complimentary copy.
Ask for Booklet L-iO
A. B. Leach & Co. Inc.
115 South Fourth Street
Investment Securities
heavy Shorta did not come In as ex
pected and as a result the bujlng power
was poor. A great deal of long stuff
was liquidated
There was some purchasing by houses
with connections In the east, but this
demand developed mostly on setbatks
Klevator Interests were good sellerc
The technical position was easier ns a
result of jesterdaj's heavy covering
movement
About 225 cars are expected tomor
row, which was a surprise to many. In
view of the smnllnehs of offerings .from
the country and the unfavorable
weather. The cash article did not fol
low futures on the iccent bulge and arc
r.ow about on a delivery bals.
Oats sagged on selling by local In-1
terests nnd commission houses Induced '
by the decline In corn. Shorts covered I
on declines. Trade was moderate. The
cash article was relatively unchanged
aiiilJineniH iruni -tiKcuuiiu xur iiiu ntt'L
were 99,000 bushels.
Lending futures ranged as follow, I
Corn (new uVIIery Yet
t Ihlln fn
The earl advance carried the market , Pitts & West
' Pierce Arrow
Pierce Oil
l i.t i .,. ... . -- -.:- :-- , lull uu.u
i ic iiuuiu me low loveis ot -Monday.
mere was a lull In the demand nt
this level, suggesting that tho scatter
ing short Interest has betn prett well
covered, and the higher prices probabl
ottracted some selling for a reaction as
well as realizing
At any rate, the market became some
what unsettled, with prices showing re
actions of some 15 to 20 points during
the middle of the morning.
Liverpool wan one of the thief early
bujers Otherwle the support was
attributed to covering una a ntfia .1-
mand to commission 1, ,,.., d. d pref
cmmirl"? 'Tn fr,m ,he belt y tlmt h ' KtrombergCarb
countrj Is full of totton, much of which Stutz Motors
is exposed to the weather and must he Superior Steel
damaged In grade. (Tenn Cop S. C
36',
40,
17 H
46
8b
61
llio recelpta at the ports for the .lay i! , l ac
15 nn7VT,ed nt ,!0"0U0 bj,e"' "'"" .Tobfaw Prod
lo,906 bales u week ago: 17.687 baits a do pref .
jear ago and 19,499 bales two enrs Texas & Pac
March
Mll
lull
OctoLer
Tenl Tud.o'1 M.1U 11 30 1.10 2.3(1
-- 1(1 L'J 111 L-J.4S L'J..-,I1 L'J in L'J 3J
Jl -H L'l Ml J1.H4 L'l.ll'l L-1..-J L'l 4n
... -J t' il -i.i" -1..11 1 111 jo ti-,
1B.S1 1(1.7.-. Ill K4 111 Ml 111 mi hi ,-,-,
ls mi 111 :,ii 111 ,111 ju .-,11 ju ,-, ki.50
nol
r,s4
May
July
'May ,. .
July
I i.ara
Msy ... 2TS0
I July ...24.JJ
ltlbs
May ....21 .12
'July .. 2J.M2
l'ork
May ..41 R-.
July 3U.S0
Uld,
Onn Hlilh
1.2J4 I.2V4
1.10 l.L'O'i
low Clone (ln,n
1 IB l.L'dl, l.L'JU
1 13'4 1.17 1 IDS
flt
511
.IS",
BOH
r,?,
son
(,nv,
5,
2.1.30
24 3J
2J J
4t Rl
40 23
24 60
L'3.43
" 3
3l.KJ
40 no
39 OH
24 60
23H7
22 aj
L'l SJ
40 L'O
3U OH
24 SO
23 HJ
L'J RJ
JJ 3J
40 SI
MR. HAAS
lately of the Income.
Tax Department
Washington, D. C,
V
INCOME TAX
CONSULTANTS
Specialists In preparlnc
and filing returns, auditing
and closing books for cor
porations, firms. Individ
uals, estates, trusts, etc
Mr. Haas, 5 years, Mr.
Carr, S years, with the.
Internal Revenue Bureau.
HAAS & CARR
Public Accountants
renntrlranla Ilulldlor
asruca 815 MR. Clnn
formerly Revenua
Acem. income Tax
Pa.
Philadelphia,
f U. S. LIBERTY BONDS
K $50, $100, $1000
..MBOHT. Wlf.D ANT RF.rOMMENDEn
' FOR 1NVK8TMKNT
'Mcwkirger, He4trs8 & Leeb
-'. 1410 CIIE8TN1TT 8TRKET
n. i. asa l-uia. eiHk ichnie.
Anansl Meetings
MMtlflll
HH. at a
TSern wl
Mweiara ti
TUB ANNUAL, MKKT1NO OV TIIK
i COHTANY will be htl4 at the
tin CSwriMny, 1804 Arcl ,tret.
a. on neonexu. Ittiratrr It,
P. so.
IU be All election far TlArA r
ui cerrv tor int xonnwinr rear.
uaiuntna m. -aimtjck,
SeertUrr.
JIONEY-LENDING RATES
NEW YORK Call money, mixed col
lateral, opened today at 5 per cent for
lending and renewing On nil Indus
trial collateral, the opening rate was 5',-i:
per cent. ,
Time money' rules quiet and quota
tions are largely nominal at B 4 tf 5 Vi
per cent for periods of sl&ty days to
six months. There are virtually no
loans on mixed securities collateral for
the time being.
The market for prime mercantile
paper is devoid of special feature be
yond the Interesting fact that the mer
chants are gradually Increasing their of
ferings ot cnoice material. Discount
figures at about the collateral loan level.
Most of the paper Is going, however, at
less than 5H per cent.
Prime bank acceptances are mode
rately active at unchanged rates.
Call loans on the best class of bank
acceptances are unchanged at (H per
cent.
rmr.ADKi.riii.v Call, 5li?6 per
cent; time, 6i,iji5!4 per cent. Commer
cial paper, three to six months, iVtlti'.i
per cent; six montns, t per cent.
London, Feb. 14. Money Is quoted at
314 per cent. Discount rates, short and
three-month bills, 3 17-32 per cent.
Reserve BankV Discount Rates
Official discount rates at the twelve
Federal Reserve banks were as follows:
(The first column gtvea the rates for
all perloda up to and Including a fifteen
day maturity, the second for a period
of sixteen to ninety days. The third
and fourth columns are the rates for
rediscounts of collateral loans secured
by government bonds or notes.)
Com. ptr Gov. paper
10 to 0 10 to do
IS dire days IS daya day
Colton Duyerg and Scilcrs
New York, Feb. 14. March Mitchell,
loung, n. (iumoens. Sellnr, Orvls and
Trcndwell bid; Carpenter, Russell
Wnchsman. f Hicks. Wleck. Ktcin
bachrr nnd Flinn offered.
May lljman. Deacon. Sellnr, Hicks,
weld Walsh. Jay nnd nrnrdsley bid;
McHnnny, Wilson. Hnrtcorn, Hngedorn,
Ilartlett. Rovce, Walsh, Newman Stein
backer nnd Hanemnnn offered
July .Hellar, Cuppla. Hyman. Cas
urd. Deacon and Jay bid; Russell
Orvls, Bnrtlett. Rountree. Flinn. Car
penter Reld, Young, Wade nnd Wleck
offered.
October Reld. Dixon. Wallls. Erwln
Clearman and rilgel bid ; Shuns, Hop
kins, O GumoriiH offered
do pref
1'rs.sd Ml Car
Pullman P Car 113
Hay Con Cop. . 20
Pending . 79
Hep I S. .Steel 73
Royal Dutch . 93 i
Savage Arms CO
Saxon Motors . 9 '4
St L. S F 11 ,
Sears-Roebuck 170
Shattuck Aril. 11 '4
Sloss-Sh S & I. 4S4
Sinclair Oil 35'4
Southern Pac IOO'b
Southern It R. 20'
do pref 67 T4
33
40
45
34 4
121,
32
192
85
1054
25(1
Union Pac ..128
Fn Alloy Stt 39 Vi
l"n Clg Stores. 118
Cnlted Drug . 95
United Fruit 103
l'n Ry In pr . 19 li
U S C Ir P S. F 15fc
do pref . . 46
iV S Ind Alco. 10514
U S Realty .. 27 14
V S Rubber . 76
I' S S-melt&R. 441$
V S Steel .... 9114
do pref ..11114
Utah Copper. 68 V
Utah Stc Corp 16
Vn-f'ar Chem 52
Vulcan Det'g pf 44
Wabash .... 7
, do pref A.. 31
Wert Union T. 87
I White Motors. 6014
Wlllss-Overlnd 25V4
do pn f . . 89
Woolworih ..124
9G
29
264
81
35 4
?
30 'i
70
44,
13
3 J 4
3514
40
17-v,
46
80
60 a4
111
20
78
73
87
60
9
ll"!
170
11
48Vt
34 V
9914
26'
67 1't
52r
391J
421.
34V4
12Vj
32 J,
1904
8214
105
250
127'4
"!
115
95
162
1911
154
46'
10414
27
75V4
44V4
90 Vt
1144
ff74
is y
62
44
7T4
31
87
4974
2514
89?,
124
8't-
96
29
271,
8'i
35
2,
304
70'4
44 $4
13
32 14
354
40,
17?,
46
86
60
113
20
7814
T3
9314
60
914
114
170
It
484
34 H
99 ,
26W
67
62 Ta
39 4
42 '4
34 4
1217
32
191
85
105ft
250
127'5
.1911.
11614
95
163
1914
15it
46?.
lo-JVi
27
76 Ta
4114
9014
11414
67
15
62
44
7
31
87
50
2511
89 9.
124
a
4-1..
1
ci
-i-l H
14
r la
Illinois ....
Ohio
Prairie Pipe
S O Cal ...
S O X J . .
SONY ...
162
125
265
265
690
327
167
330
270
270
695
330
693
330
'tNiuiriJNni-.NT on.
Rarnett Oil & Gas
Cosden . Co
Rlk Unsln ....
Federal Oil ....
Inter Petrol ....
Houston Oil ... .
Merrltt Oil
Midwest Refining
Met Petrol . . . .
Ohio Fuel . . .
Oklahoma Ref . .
Kapulpa Ref
Sequcah
Sinclair
Island
STOCKS
1; .
. 3
. 20 74
. 85
. 2314
.145
. 3ft
. 16
; 714
. 214
7
sa inienrock 3i
'4
8 1 MIMNII STOCKS
4
61,
34
J'4
86
23i
147
3?4
18
74
6
24 4
8
3'i
314
20
84V4
23 V
145
3ft
Amer Smelt.. 64
Am Stores .. 28
A O war.... 714
Baldw Lcc pf.l02V4
llnllo &. Ohio. 4G4
J HrlU.... 21
DulT & Susq. 70
do pf 60
Cambria Iron 403!
Cambria Stl.. 11314
Cataw let pf.. 62
do 2d pf... 64
Cen Pas Rys,109
Con Trac N J. 62
Corn Ex N D 345
H Penn R R. 55
Fire Asso ...285
Trth St Nt B 310
lien Mtrs pf 8414
Hunt & B T. 10
dopf 19
Key Tel .... 11
do pf 60
I.eh Val Tr pf 20
Leh Val Tran. 20
Lit Bros .... 40
43
61
17
94
73i
Mlnehlll
Norrimowfi .
North Penna
Northn Cent
Fcnn Nat Bl;
wnr 277
PennTraf ... 2'4
Phlla HI w w. 2
Phlla & West. 6
PRT 25
Rwys Gen... Z
Rending . . 78 4
Tonopah Bel. 314
Do Mln. 3rt
Un Cos N J.186
Un Rjs In pf. 14
Un Fass Rys.lGO
U a S'teel pfd,114
Warwk I & S. 8
wclsbach . . .
W Jer & S .
Westmld Coal
Wm Cramp..
York Rwy...
York Hs pf.
TREND TOWARD HIGHER PRICES
SEEN ON THE LOCAL EXCHANGE
Trade Assumes Fairly Large Proportions, Althougl
Quotations at Close Are Wear Last Night's Levels. .
Asphalts the Undisputed Leaders
While today's trade on the Philadelphia Stock Exchange assumed fairly;
large proportions, several .weak spots developed and the close showed, with
few exceptions, quotations that were unchanged from yesterday, although
taking the market as a whole, there was evidence of a trend toward higher
prices. '
Qeneral Asphalt, both the common and the preferred, wcro the undis
puted leaders. Tho preferred had a good run during the morning, and, start
ing at 99, advanced by steady gains to 10114, but In later trading failed
to hold the advance. The common opened at C7U, soon moving up to 6S and
then receded.
There was also fair activity in tho ttust certificates of the Philadelphia.
Rapid Transit Company, which held about steady throughout the entire day.
Philadelphia Electric and Union Traction were out In small lots and were
unchanged.
Only two of the railroad group, Lehigh Valley and Pennsylvania, were
quoted, neither developing anything of Interest,
The bond list was more than ordinarily active, but changes in price were
Inconsequential,
NEW YORK COFFEE MARKET
New York, Feb. 14. The coffee mar
ket opened firmer this morning, with
prices 11 to 12 points higher, on the
announcement by tho war trade board
that coffee had been removed from the
export conservation Hit.
rloae.
May
.tub-
Heptrmber
October ...
Ptrember .
January
J-'ebruary
Hid.
14 30
1.1 I'll
13 (III
is'jl'l
13 20
13 23
openlnrt
14 41
14 01
13 72
m.r.ii
IS 47
13 .'.0
13 80
4314
4414
7S
77
7V1
3114
Neiv York Bonds
4
2
'
1
2'
Atlanta
Big Ledge
Butte New ork ..
Ton rl.
c F S & Jerome . . .
First Nntloml , . . .
1 Ooldne'd Merger . .,
lOoldlleld Creis
Goldfleld Florence ,
Goldfleld Kevvanan .
Oreen Monster ....
Hecla Mining
Howe Sound
Independence Lead
Jerome Verde ......
Jim Butler
Jumbo Extension . .
McKlnley Darragh.,
",iMiia copper
4 4
m
19
13
3
4
3
38
12
45
26
'4
1H
Mother Lode 28
, Nevada Hills 3
Nevada Wonder .... 70
!? Nlplsslng 814
Mi Ohio Copper 14
1 Kay Hercules 214
'4 San Toy G
Toiiop-ih Extension.. 24
United Verde 3014
'4 West End Con........ 1ft
.. White Caps 12
Ycrlngton 4
's
1
4
bonus
Beth 7s (notes) 101
Cosden OH 6s 90
Cosden & Co 6s 90
Cudahy 7s 102
Russian Gov 514 s.. . ,54
Russian Gov 614s.. ,62
Southern Railway 5s . 99
Sinclair Oil 0s.... . 85
Todd Shipbuilding 6s 104
l-4 ..
6 5!i
2t 19
16
6
1,
4 4" if,
4 .
3
H ..
41 41
14
48
28
30 29
6
80
8', ..
..
211 2
24 2V4
314 ..
JU Hi
14 13
5
101 ..
92
92
1024 ..
56 55
63 62
994 ..
108
O., lac.
tM Wm MLAWAKK AVE.
jftMfc nWMI
ULli,lfKfc
Liverpool Cotton
Liverpool, Feb. 14. Spot cotton was
quiet today with prices easy on the
basis of a decline of seven points for
middling, old contract, nt 17.06d. The
sales were 2000 bales. There were no
receipts Futures were steady In the
early dealings. spot prices were
American, middling fair, 18 37d; good
middling, u.Ban: muiming. ii.usu, low
middling. le.Old; good ordinary. 11 43d. 1
and ordinary 13 9Gri
FOREIGN EXCHANGE '
New York, Feb. 14. Business was re-1
sumed this morning In the foreign ex
change market on n limited scale and '
with nn easier turn In the neutrals. I
Quotations were:
Demand sterling 4.754. cables 4 76,',. i
Sixty-day bills nominally 4.734, nlnety
dav hills 4 714.
Frano cables 6 45, checks 6.45j.
Lire cables 6.35, checks 6 36 4.
Swiss rabies 4 8. checks 4.92.
Guilder cables 41. checks 41.
Pesetas cables 20.18, checks 20.11.
Stockholm cables 28 15. chicks 27 95.
Chrlstlanla cables 27.40, checks 27.20
Conenhneen cables 26.10. checks 25.90
Ruble currency started In dull at ISO
16.20.
Kx Dhl.lt nd American Cotton Oil, 1
per rent American Sumatra Tobarro. 2H
per rent. American Sumatra Tobaero pref
S'i Per lent. American Tobacco pref, 14
lr cent. Ohio Cltlei Oaa. Ill per cent.
I'lttcburch Steel pref, 1 per cent! National
Arme, i per rent: National Illacult pref
14 per cent: United Dru 24 pref 14
ptr rent- American Cotton 1)11. 1 per cent.
Hx Illithia Ohio City Oaa. Public Serv
lea Corporation of New Jrir.
Hlxh
1000 Am Agr r...10U's
436000 Anglo-Frh 5r. 97-
2000 Am Hd &L Cs.100
17000 Am For Sec 6s 99
2000 Am T & T 6s. 92
28000 do 6s 1024
2000 Armour Co 4 4s 86 4
20000 Atchison 4s... 82
6000 Bait & O 34s. 8324
2000 do 5s 82
2000 do cv 4 4s.. 78
12000 Beth Stl 6s '36 81 4
9000 Brk It T ' . 82
2000 Bordeaux 6s .101
1000 Can Oov 5s '21 98
11000 do 5s '26 ... 974
1000 do 5s "31 ... 97s4
1000 cii Len 5s .. 96 4
1000 Chile 6s 83
2000 Chile Cdpp 7S.10614
1000 C & O cv 4 4s 78
.2000 C & O 4 4s.. 79 4
8000 C r O conv 5s 85
1000 CM & Alton 3s 50
1000 Chi & Alt 34s 36-4
,18000 C B & Q 4s 954
26000 CM&SPrfd4 4s 70,
7000 CM&StPcv414s 78
5000 Col . Sou 4 4s 78
14000 Cv of Paris us 99
4000 DIs Sec Cor 5s 904
65000 Fnch Rep 514s 105J,
15000 Hud&Manln 6s 16
31000 Inter Met 44s 3914
24000 Inter Mer M 6s 98H
21100 Lncki St 5s '23 97 4
2000 Lk Sh d 4s '31 88
5000 Leh V rets 6s. 102
1000 Llg & M T 5s 92
2000 do 7s 1124
564000 Llh Bond 34s 98 00
342000 do conv- 4s.,'i2fiii
22000 do 1st 4s.. 1I2.M
1944000 do 4s 05 24
12000 do 1st 414s.. 94.84
948000 do 2d. 4Hs . 93.96
3484000 do 4th 4s. 93.94
2000Lons fis. ...1(1.-
11000 Mirsellles 6s 101 IJ
5000 Mldvale 6s 88
InAOMlnpft St L 4s 464
37000 Mo Pac g 4s 61 4
31000 N Y C & II 6s. 09
4000 do 4s 85
1000 do 44s 844
3000 N Y C 44k '66 97
5000 N Y NH&It 6s 84 4
4000 NY T gen 4 4s 91
3000 WW C&B14S 604
irj Mi
8S4
do gn ct 4 4s 884
'.11,
96
1000 Nor Pnc 3s
2000 Tenna 4s '48
1G000
1000 do en 4 4s
531000 do 6s '68
4000 l'lerce till us
1921 101
finon do 6s 1921 . 9'.
' 1000 Pere Marq 5s. 8B;
6000 Reading 4s . 814
11000 S'nclalr Oil 7s 96
30000 So Pac cv 4s. 83i
7000O do 6s . . , ln2
16000 Sth Rwy 4s. 674
4000 Third Av nd 6s29
1000 IT S S & It 6b 984
2000 U S Realtv 5s 68 4
7000 U 8 Rub 5s,, 87
4000 U S Stl sf 5sl004
2000 Union Pac 4s uy4
Low
100
974
1004
994
92
1024
86 4
SH,
88
82
T7
81
814
101
98 4
97 4
974
964
83
106
784
79 4
85
50 a
364
95,
69
774
78
99
90 4
105 4
1614
39
98 4
974
88
101
92!
1124
98 80
92.54
92.74
95 04
94.74
33 80
93 80
101
101
87
46 4
61
98
84
84 4
97
84 4
914
504
594
88 4
88 4
96
96
101
92
85
854
Ub
Cotton Consumption Increases
WRuhlnictwi, Feb. 14. A' report Issued
today bv the Bureau of the Census
shows that there were consumed In
January, exclusive of llnters, 556,721
running bales, against 523,947 In Janu
ary. 1918. The exports last month. In
cluding llnters. were 668,143. running I
bales, against 462,662 in 'January. 1918.
Imports for January were 10.466
equivalent to 600-pound bales, ngalnst
30,198 in January, j-jis. Number ot
cotton spindles active in January was
33,856,472, against 33.550,338 In the
Btimc month a enr ago.
LOCAL MINING STOCKS
TONOPAH STOCKS
J Uld
Jim nutler .. .3s
MnrNnmara 2(1
Mhlway 28
Mlzpnh lSltcnalotl .1111
Montnna 1H
Sorlli Star 07
lleatue Kula US
Wcat Bnd 14
(JOI.DKIKLD STOCKS
Atlanta ..it nt
lllun Hull 02
lloolli 12
lllainondneld 11 11 IJ
Dalay UJ
Kewanaa 04
Oro
Hpenrhead
HI Her l'kk
01
in
ir.
MISCELLANEOUS
Arizona I'nltetl 21
Nevada Wonder 7H.
Tecopa Mlnlni; 13
Afked
.40
.80
"in
.0"
.'.'()
.on
.10
l'l
.0".
.Ill
.1
.III
.(11
.un
,in
.12
.07
.27
.73
.13
GOVERNMENT BONDS
Panama eouoon
anama regintprpu
BAR SILVER
Commercial bar silver was
New York
unchanged
changed.
today nt (1.014
In London at 48
quoted In
an ounce,
7-16d, un
closing-
111(1 AsIC
1018 117 ....
1U3II.... 117 V94
Pjnima ..iinnn ' ln3H .. . 11? ...
Panama reslalered -a 1038.... 117 ns(4
Panama coupon 3a inot S7 K2
Panama registered 8a 1901.... N7 -
Philippine 4a UMI (in ml
Philippine 4a lnVi no nn
Philippine 4s 13H nn, mi
U R llov coupon 2a 1030...... n7J4 US'!
II S (lav reslati-red 2a 1030.... 1174 nft'i
IT S (lor coupon 3a 11141! 80 02
It H (lov registered 3a 104(1.... 811 02
U 8 Cov coupon 4a 102 10444 10.V4
II S llov registered 4a IHJI. . . .1(14J in-,'4
Dlst of Columbia 3-03s 1024.... 07 100
83 4
101
67
2 9
984
074
87
1004
86 4
CHICAGO BUTTER AND ECCS
Dilruxn. Feb. 14 IlUTTKn Herelpts,
-.Wi tubs Kxtraa. 40ci flrsts. 4744sc.
seconds 3S4J42C
KOOS rtecelilts. 5025 cases. Bxtras,
374 c
Iloston . ,
New Tork ,
PhlladelpMa
CNevslaod ,
Richmond
Atlanta .,.,
Cblcacn . ,
CH. iouis .rr
9WM
4
4
4
IS,
4
AVl
44
44
l44
4
4
4
4
411
4
4
.4
.
J
i
All
BANK CLEARINGS
Bank clearings today compared with cor.
responding da v last two years:
1KJ8 1018 ,miT
nnston.. 148.701.428 47.nill 4'.2 J41.4VI 042
I-hlla.. M1. wu. s.-ji o.r.n 1)71 .17,UT7.(ini
Iialllmor 12.1,12 . s.2fl PH 1.8(11, 4'9
N. York. 017.244.702 f.Vn4.:.4.1 401,1198.800
NEW YORK CHEESE MARKET
New York. Feb. 14 CJIKKSI-J
Irregular Receipts 2505 boxes. State
whole milk flat, current make col
ored imeclals 300Uc; fls cur
rent make, whites. 30c Inside; fiat cur
rent make, colored, average run 314(9
s',4c nat. current mixe. wnites ic
vurrewi, wane special.
Shattuck Arizona .Reduces Dividend .
New York. Feh. 14. The Shattuck
Arizona Copper Company has declared
n quarterly dividend of twenty-five cents
a share, compared with fifty cents three
months ngo, payable April 19, to stock
of record March 31. It was stated after
the meeting, tho dividend reduction of
twentv-flve cents a share was due to
curtailment of production and generally
unsettled condition" prevailing through
out the copper Industry.
LAUNCHING AT CHESTER
Sol Navis Leaves Ways nt Sun
Yard Amid Ideal Surroundings
Ideal weather conditions added a pic.
turesque touch to the launching today
of 'the cargo-carrier Sol Navis at the
yard of the Sun Shipbuilding Company
at Chester.
The vessel vas christened by Mrs.
Octuvla R. Taylor, wife of A. Merrltt
Taylor, and seve.-el hundred persons
witnessed the ceremonies. ..,.,
The Sol Navis was built for the Luck
eqback Company. She Is 1200 tons
carrying capacity, 472 feet long and 60
feet beam- . ...
' TiiWniilPI' JiUVPnTr' Wnwon
DIVIDENDS DECLARED
Standnrd Oil Compuiy of Ohio, quarterly
ot 13 and usual riira ot i, payable April
1 to stock of ncord 1-ebrua y 2h.
Chestnut Hill Itallroad Company, nuar
terly of 75 cents per share pajiible Jlarih
4 as registered February 20. Hooks close
t-'ebruary 20! open March 4.
Union Carbide and Carbon Corporation,
quarterly of 41.23 per share. paable April
1 to atock of record March 10.
. Independent Brewing Company, ntts
burgh, quarterly of On tents on common and
14 per cent on preferred. The common la
i payable. Jlarch 13 to stock of record Febru
ary 28 and I'je preferred February 2S to
slock of record February 10.
Philadelphia. Oermanton and Norrla-
town Itallroad company, quarterly of It 3.1
per share.payab e March 4, as registered
I'eoruary -. iuus ciose inoruary 20,
open March 4
Union Tank Line, semiannual of 12 30,
patal.le March 23 lo stock ot record March 1.
LOCAL MEAT MARKET
The fallowing report on the fresh meat
trade In Philadelphia la furnished by the
local livestock and meat oltlco of the Bu
reau of Markets, United States Department
of Agriculture!
PilEMI IIBBF Receipts light: supplies
moderate; bulk medium steers; market drag
nyi demand light! weather unfavorable.
BTBBItS Supply moderate: market slow
to II lower at 420 to 828; demand light.
COVS llecelpts llaht; market steady at
In IO f.oi uTiunfiu imr,
VEAL Receipts light, market steady
MR tn 121: demand alow.
roilK Hupjly moderate; market held
(ariv at 120 to ISO. demand alnw
I.AM11 Hupplyjjf frrsh and frosen lambs
moderate: market weaker at 123 to 3Uj
demand drnggy.
MUTTON llecelpts light: market slow at
117 to 124 1 demand only fair,
RAILROAD EARNINGS
CANADIAN NATIONAL BAILWAYB
. .. ,,,n Increase
First week Februsry lt.4.71T 148.284
From January 1.... 8.U0.773 2,480,733
OltAND TRUNK RAILWAY
First week February 1001,440 1424,733
From January 1 .... H.17U,U11 1.079.33U
No Change In Refined Sugars
v,w York. Feb. 14. All grades of re.
a sura-rz; remain unonanaea. witn
I, runners quotiflf'on me basis
1.. PL
10000 do 6s .. 104 4104n
17000 Un K lit I! ft I
B4s 1919. ..100 100
57000 do 5 4s '21 . 08 4 98 A
387000 do 64s '37. 101 1004
73000 Va 6s llrownn 73 4 '04
2000 VnCar Chm Bs 90 96
cio
100 ,
97a
1004
99 4
92
1024
804
82
88
82
77 4
81
814
1014
98 4
97l
97 H
904
83
1064
784
794
86
60 ,
364
96
704
78
78
994
90 4
105 ft
164
39
98Vt
97 4
88.
102
92
1124
91 84
92.60
92.74
95.10
94.84
93.80
93.90
101
101
88
404
61
984
85
844
97
'8414
914
50 4
694
884
884
96
964
101
91
85
85 4
96
83
10t4
67
29
984
68 ,
87
100
8614
1044
100
98 4
1004
72 4
96
Just Out!
A New Free Guide
for Oil Investors
With Crisp Condensed .Facts on Island Oil,
Glenrock, Federal, Sinclair Gulf, Midwest, Pen
nok,' Int. Petrol, Gen. Asphalt and 14 others.
Leading Active Independent Oil
Producers, Refiners and Sellers
t
FOR the busy man of affairs who is just begin-
ning to realize the enormous investment possi
bilities of Oils as well as the Oil enthusiast who wishes
the latest available information on the world demand
for the new "Monarch of Motion" and the companies
which are positioned to profit. Compact vest pocket
form. Illustrated with map. Limited Edition.
Call, 'phone or write for No. T. U442
JONES & BAKER
SECURITIES
- Widcncr Bldg., Philadelphia
'Pion titll, Walnut 1690
Keystone, Haee 2290
rittsliurcH
notion
New Totk
Cliicaffo
Direct Prttflle TTIrM
LIVESTOCK QUOTATIONS
Chicago. Keb. 14 HfKlS Rerclnts, .17.'
000 head Market weak to 3c lower than
eatenlav' nveraae tlillk of sales, 41T,Tne
Is" uitchera sn.KtniHir.t tiKht I17..in
1? nv nacklns-. in K1O1T.70. thrnuoiits
tin 23 til 83; r-les. good to choice, 113 "3
1TCATTI.E llecelnts. 4nn(l head Meef steers
and "she" stock stronn to IV hlnher; other
classes generally strati) tleef rattle. Eood.
ehntr an1 nrlme I l'l rfJfr2u: common and
Kid h?lf e IT.a-iw 13 '2V cinie?; an'd cut:
tera IS 87.23 slnclc-rs and feeders, good,
choice and fancy. I11I4.T.1 Inferior, con.:
Soil anl ""."'SB.SP"' v' 'v"-
nd choice, tl.1fvln.23.
HHEEP llecelnts. 70(10 head Sheen
steady. iJimhs strons tn Hie hlnher. Tamils,
choice and prime IT.3ieiT nil! medium
Snd Sood. IIS Iflflf4v culls U4.T.M
ties choice and prime. Ill 2.1011,IU1 me.
Sh'" and KOOd. IU.7A011.23: culls. 13 300
8.23.
rlttsbnrh, Feb. 14 HOOK llecelpts.
1500 head lllaher. Ilniviea and heavy vorh
.-t.b,?J.Vt n 'M york'r,i mo
fillKBP AN1 I.AM IIS neeelpts,
flteaily. TOP sneep.
"cAI.VES Receipts.
Top. !ln-
trait Ituffalo, N. V
UNITED STATES
GOVERN iME NT
LIBERTY LOAN BONPS
Hat
3Vz
4
4
4
4y4
4l4
Cillablt
1932
1932
1927
1932
1927
(933
Out
1947
1947
1942.
1947
1942
1938
1928
Approx. Yield
If Called, or It
Belling at Par.
on Callable Data
3.60
4.74
4.98
4.77
5.05
4.87
Approx.
Yield t
Maturity
3.55
4.45
4.50
4.56
4.,6
4.76
4.89
$50, $100, $500 AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING THE TAX
FEATURES OF iHE LIBERTY LOAN BOND
ISbUta WILL Bt FUKNISHED OPOti rtEwUESr
r
MONTGOMERY & CO.
1J3 SOUTH 4TH STREET
PHILADELPHIA
14
WALL STREET
NEW YORK
GOVERNMENT 8BCUKITIE8 IIKI'ARTMKNT
TCLEl-UONES. HULL. LOMllAltll 4S0i KKHTUNE. MAIN 2584
i , . i
DOO head, ti '
ll.'. nu; top lambs, , - mm mt
SO head.
Steady,
, Feb. 14 CATTLE
Hteady. ralvea, re
Blow er, Closlnv Suo
necelpts. u neaa,
lttSbS U'ec'elpts, 4400 hesd. Ix)wer.
yk'ioW.' rfE5s,' pjK-w.Misi
chsnaed.
South Omaha. Feb. 14 HOOS Receipts.
nnoTi heaitt ik to ISo hlaher.
CATTLE llecelpts. 10UO head. Active
'"BHEEr necelpts. 100 head. Steady.
iTanaaa
relpta. 6oo
City. Mo.. Feb. 14. ItOOR Re.
neao. nirona, iieavy. iit.diiss
i, as; uatiu, ill
Steady.
JBi.-bf",n,..,a '""
"SiiWJJf-? kWlKfr. .I."S..J'd.'
, "" .?'Ji'.""n. "M
fl ?
urn
Are you interested in
Western Markets
for Your Goods?
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