."IHicjliW!?sijr fftg-pgonaprrrtm
. H- jf-
J&T 'f h"lWwrT i - ' ,'vt-. '-nwjBTmwjBiyrswTi-i.-, n t i ". Mfi 'W'wyTjVtfWpte(fK
'
' ' v
18
EVENING PUBLIC LEDGERr-PHILADELPllIA, MONDAY, NOVEMBER 24, 191D
trmVtli
In
I
tr
:
' "ff
The Phonograph Indus
try Is One of the Most
Important and Most
Profitable in the Coun
try We offer a
PREFERRED STOCK
with VALUABLE
"RIGHTS"
Send or c.ill -f' r rli. m.n wttlng
forth iartli'u!uri of .1 1 unusually
attractive nfliTliiB of the s , Cum.
tllnttvc Profcrrtrt slock of a Cor
poration prnoilf.illj monopolizing
us lino 1:1 tii-j nnonnRrann ue u
c rrvliiKT valuable "prlvllrires'
!l
which eiialilei RUticrlberi to nar
tlcllmto In unusual profits from
homo and oP"rt h-iis'nps
Tli" "nnhti" nr, rulvMol M n
United oftrrt o
semi t unre fur
Circular No. T. 1. t
J. C. REED & CO.
Finance Hide;.. I'hiln.. I'a.
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
MARKET WAS PROFESSIONAL '
WITH SPOTTY MOVEMENTS
Sugar and Motor Stocks Strong Features Rails and Coppers
Were, Inclined to Yield
NEW YORK STOCK EXCHANGE TRANSACTIONS
Sen- nrK, Xm. L'l. Profesiionnli'in I tlonnry spirit picvnicnt in the weekly
iintl irregularity wore th two iintKtiitid- mnrkot leltois of the leading roininls
ins features of today's Mock market, sinn houses could also lie counted upon
Tliero was up undercurrent of decided I rcpiu'ialug market enthusiasm.
strctiRth. hut the trading was conspicu- 1 In ., , there was cenerallv
r. ! ?J?1 M.""T,:!.'okfi. renithuwu.sM.es that
'.""' '". "'".' -. i -. Innv f .. . ,,.,, f nocii ntivc ac
tivity coiihl only lie made In direct op
vva.v. lhe motor shares ntnl some of the
motors iircessdrles were the i-troiic spots.
KiiKiir issue also responded to some ex
tent to the wonderfully good trade con
ditions. Soii'o of the shipping stocks
tinned up hi tkl. On the other hand,
tin nippers ennt limed heitv.v. The rnll
ri'tnN were ncRlectod and inclined to
sn;,. The nils and -led shares came In
for only little attention and had no
settled trend.
The more encouraging development of
the d.iy was the further evidence fur
nished of the continuing caslni? of money
market conditions. The renewal call
loau rate was pstnhllshcil nt 7 per cent.
the lowest initial rate lor u month
position to and against the wishes of
the powers -to -he 111 the hanking world.
After the disastrous experience of the
pnHt fortnight there was little likeli
hood of an one taking that chance.
While the week-end development"!
concerning the coal strike and other
matters which have held the attention
of the financial community were of a,
more favorable tenor, they came in for
little consideration, or at least, exerted
little market influence. The same may 1
he said of the further recovery in for- j
eign exchange.
i omparcti vviiu oniu i-iti-ui. .muuuh,i j
The easier money market conditions, .morning openings the initial operations
however, nppnicntly are, more super- worn decidedly, tame. The mnrkot was
tlcinl than real. The proof of thu pud- quite dull and'priie movements some
ding is to he found in the pronounced , what nigged. As the morning advanced,
scarcity of time funds. I however, the trading picked up little
According to the testimony of the with the mixture of movements as
hading bunks, there is virtually no time stated above.
$50,C00
City of Philadelphia
Due 1947
Couoon or Registered
Interchangeable
Price: On Application
Biddle & Henry
104 SOUTH FIFTH STREET M,..',ling and the appreciative narrowing! nearly It points j Crucible Steel
'of iiiiiiiitinus. it was patint there had,! . liuooci .
1 1 Liyi n iintc 11 g,'in nil real 1 .at ion of the
Butjuesne LigSit 80. xE;tBB
In several (lunrtevs, moie notably
the motor shurci,. there were signs
thin the shorts were having further tltf-
tnntii'j obtainable to speak of, notwith
standing 11'., and even S per cent is
Itniittr hiil frit t f - fiml ntnptv-llllv Ito-
1 ""- ..... ..- ...... ... ......... - -- -- .-
, loininodntions. 1 urtlicr proof whs to lieuities, i-iercc-.rrovv was mo M'ura
be found iu the low reserve position tionnl member of group with a swift
not onh of the Clearing House instltil- i ascent of over ." points, general Motoi
tions n's retlectcd in Saturday's bank at Its top notch was points above
1 -.tnicment, but also iu the continued low ! Saturdays closing level, while bite
............ ,ti,. ,.f ii, i'n,i.ii-nl tin inlMninr climbed over 1 points. Other
i.iiii iiii in i'i no. i "n tin s.i .-. ...--.-- -
I wide aiHuuces were mane i.v iiiiiuvviii
lion t lie greatly diminished , locomotive, which ,'" "i-
anu
Hanks
Judging
V ,
llculi-sing for prolit redmid some of
I the most it''iisio gains in tile miest '
I dealings but this vi as offset bv t'lirtbet
udvaiees in
1st 63 1349
FREfc. OK PENHA. STATE TAX
Price to Yield 6.05
Car st airs & Co.
Members, rhittiileliilihi ant!
Ne urk stotk 1 i hintces
HID Walnut Street
71 lirnudwu. X. Y.
MARKE
NARROW
COUNTIES GAS &
ELECTRIC CO.
1st .is, 19(i2
Free From Penna.
Slate Tax
Price io Xet 3.40' c
Membr ft iri ) i ... i J.xohangr
Loct SItU Land Title BlJgt Knee lit
I
TRADERS' AFFAIR
Small Price Savings Were Gen
erally Utilized for Realiz
ing Purposes
pi i mines
Trading oh curb :
centers in oils
Business Stimulated by An
nouncement of Advance in
Price of the Crude Article
MONEY RATES RELAXED' GENERAL ASPHALT REACTS
New Yiulf, Xov. !. The New York
Kv cuing Sun's closing financial review
1 todny sajs ;
I While there was notbinir like an ao-
'live resumption of operations for lhell"ees of crude oil
New York, Xov. 24. Xcaxlj all in
tcrest in trading an the Itrnail street'
curb today was attached to the
netiolum irroiip because of the an
nouncement of further advances in the
in several ot the
I large producing districts, making the re-
advance in today's stock market, the M1t& of ,i(.voi01,m'ent work on different
majority of stocK moveil tovvaril lnglier prupertiet ot increased imiortunie.
LIBERTY BONDS
All Issues
Bought and Sold
$50 ?100 500 $1000
Graham, Parsons &Co.
435 Chestnut Street
Philadelphia
levels. Theie was uo special news to n1'
' count for the further improvement
. niado, u good part of which was due to
the teihnieul position of the market
i itself which is in u trading area.
Call loans renewed nt 7 per lent and
! held at this level most ot the session.
This of itself was siillieient to promote ,Hl
additional short covering iu a number
of oversold speculative issues.
The reh'xatiou iu money rates for
stock market purposes, hovveVer, will
probabl.v continue only ns loug as prices
hold within moderate bounds and for
this reason no aggressive operations on
the bull side weie attempted.
Saturdaj s bank statement, while
I'ln-re was initial trading in Magma1
Oil and Kcliniug which btarted at and
made a fractional advance during the
forenoon. The heaviest dealings were
in Sliums Petroleum, which ranged from
1." to lb.
(.Jcneral Asphalt was netively truth d
iu, advancing to 12s and then reacting
to 12t. International Petroleum sold
I t. ."iJ'',. . Ainnlcamated lire
'stores was linn with sales at l."'i.
There was little trading in American
Tobaiio Securities at 02 to 02;;, and'
I Itetail Candy w.ts quiet, selling at KiVt.
Submarine Itout wkh in fair demand,
ranging from 17 to J72.
I'nited States Steamship was quiet,
with trailing at 4"s and ". (ieuerul
.Motors (new) sold at .J Hi to .lb. In-
Sales
100
:ioo
loo
lqo
lira
300
20o
:too
too
,1700
eoo
:isoo
400
lxoo
too
too
MOD
400
.'00
700
too
:ioo
300
000
S400
10U
15.011
,30U
'.'00
300
:isoo
13011
10(1
-'Oil
tisoti
MO
mo
70011
noo
i:ton
,'100(1
.100
400
6110
-on
100
19011
inn
joo
71u00
;ii:iu
."ion
:ton
too
3011
noo
9000
100
500
l.iOO
111)0
, 100
00
soo
100
700
.'100
100
i3n
:too
sou
:isno
900
701)
uno
too
isno
1400
noo
! :io
20011
MOO
too
.". 0 f I
1100
'.'Oil
5500
.600
700
2000
scoo
!is00
! aoo
:ton
4500
soo
300
7000
noo
1800
1000
t)lr.
In t
Adams Ixuresn . . .
. . Advance Humcly .
0 Advance Itutnelv pf
0 AJnx Jtubber
. . Alaskn Gobi V
. ., Alaska Junon'i
. . AH's-Cbalmeri
7 Alli.s-Chalmer.s i f
5 Am Agrlc t'hem.
8 Am Deet .Sugar . . .
it Am Hoseh Magneto.
American Can . .
7 American Can pf .
1 Am Car & IMv ....
Am Cotton OH ...
6 Am fotton Oil pf . .
.80 Atp Druggist Syn .
Am llxpresa
Alii Hicie a: leather
Itteh
-1-1 14
. 40!i
71
. SSli
'iVz
1
. 4S?i
. sow
. 9-IJi
. 07
.MU
. MH
.lOIJi
.137
. Pi
. 93
. 11 "2
3J
7 Am Hldo& Lcath pf..l25
American Ice 4'i
American Ico jf . . . HOi'i
Am Inteniat Corp ...113U
Am I-lnHeeil 70Ja"
Am liOcomotlve 97!i
Am Jlnlt ft (Jra-n . . . ulli
Am Nhlp & Commerto. .IJKi
Am Smelt & lief . ... 07
Am Smelt & lief pf. .. OH'i
Am Steel KounUrles . 43
Am Sugar lief 141U
Am Sumatra, Tobacco. 90 J
Am Kumatr.i Tob pf . I3
Am Tel & Tel 100 'a
Am Woolen 1S8
vni Wooltn pr 101
Am Zinc Lend & Sin . IMU
Anaconda Copper .... 63!i
nu Aibor pf . . . . "!0
.sets Iie.'tllzatlon ...
s.Sl) Dry Goods J75
s-so Hry (Ids 1st pf. 73
Afso Dry Gda Zd pf. 73
fi A tela Toil & Santa Vc. HSfc
"t Atcli Top S V pf . 1 71)
7 Atlantic Const Lino . . Hi
All Gulf & tV J ..in
uto Sales tern elSfi. . . 1,"
11to SuleH teni ctfs pf. 31
6
10
I
.SO
4
Baldwin Loco '. 11U
Halllmore & Ob'o 3SU
Hjlttmoio & Ohio pf.. if
Ilairett 1331-i
Uarrett pf 113
n.itoullaa Mining .... l?s
Jiethlebcm Motora .... Wx
Bethlehem Steel B ... 90
Bethlehem Stl S-0 pf. 11394
Hooth Fisheries 1414
Drklvn Rapid Transit. 1914
D'lljn rt T ctfs of dep. 14
Bkl.vn t'nlon Gas rts. . 59
Brown Shoe 10814
Butto & Superior Cop. 21
Bulto Copper & Zinc. UTs
v-alifornia 1'j.cUlng ... 77 li
r.ilirornla retroleum . 401;
California. Petrol pf . 78
Calumet & Arizona . . 03
Canadian Paclfia . ...148J6
r-entral Leather 978s
C'erro do Pasco Cop . . BOH
Certnln-teed Prod ... 3714
Chandler Motors H8'a
Chesapeake & Ohio . . . S8!i
Chi Gt "Western pf "0
Chi Mil & St Taul . . . 4214
3
Chi Hock Isl & Pao .
Chi H I & Pao 7"o pf
Chile Copper
C'liluo Copper
Cluett Peabodj
roc.i-Cola
Colorado Fuel & Iron
Colorado & Southern.
Col Graphopbone .. .
Columb Can & Kleo ,
Consolidated ' gar . .
Consolidated Gas . . .
consolidated Textile.
Continental Cun ....
Continental Candy .
Con Interstate Cal At
Corn PioductH Ut..
Cruclblo Steol
Crucible Steel pf . .
Cuba Cane Sugar . .
Cuba. Cane Sugar pf
Denver & P. G pf . .
1311c Horn Coal
10800 3.0 Pjidicott Johnson
How To
Trade In
The Market
and other rules and
methods o interest to
business men are g'ven.
in our free book, "The
Investors and Traders
Guide." It tells:
The d'ener'al Utiles of
Trading.
Mow to (iivu .1 Broker
Instructions.
5rnkcr h' Commission
l hartfes.
How to Indorse a Stock
Ccrtilicato.
How tn lsc Collateral
in Trad'nc
Hon to Group Invest
ments. The Deposit Keiiuirc
niciils for Carrying
Stocks on Account.
Tlic Ivifhts of Stock and
Bond Holders, etc.
Written in simple lan
guage and easy examples
given. Edition limited.
Call, phone or write at
once
Ask for No. T.U.-C51
JONES & BAKER
SECURITIES
Widcner Bide., Philadelphia
J'ionrs Hell, Walnut G0G5
Kastane, Race'Z'Zm
Direct Private H'iies
showing some slight iiupiovemeut in the ijimi Packing was steadj , selling at ii.
oau eecount. disclosed plainlv enough ' iiji-ii'-mi m) """ -"'" - "'
that funds cannot be expected for heavy 1 1& 1
, stock speculation. Xo real improvement ,
! 111 the money situation is expected by
I the financial district until after the turn
of the j ear. Accordingly, today's mar-
kut wim 11 rather narrow traders' uf-
fi ir and small price swings were utilized iwI'lS1'.,irV
lor realizing purposes. General Asphalt ....
(Jains somewhat above the ordinary ijivana Tobwr-co ....
vver. siored by Wortbingtou Pump. ,'JslrP ..':::.' .'.'
Continental Onu. l'ierce-Arrow, t'uiteil Indian Piokire
Trull. lialdwiu Locomotive nnd a few cVutof; -'. -. '. ". : !
I others, but even these, stocks did not jtaibohm Motors ....
fullv bold the ground gained. Railroad Jj'w .Am i'atir
. , .1 ,l 1 1 acKara ii nra
stocks sagged from neglect. perfection Tiro
In the second hour a concerted drive 1 hubmarlno Doat ....
was launched against the copper stocks, uWHatjw?a' T '.'. '.'.'.'.'.
and these issues were forced down from , fnttofi itetRii r'atidv'
1 to !i points before the selling sub- Cnjt 1,'ruiu harinc
sided. There was nothing new to Uf-1 vanadium Steel !.'.'
count for the weakness of this group, v vivia.dou Ine ..v.
It has been well known right along st.VM.ABU OILS
that the cornier trade is stagnant, and Anclu m Oil as
IXDL'SiTRIAI.S
, HlBb
Am Marc ot 1 jt
Am Tub Hpi H.:'
Amal Tlr Htores 13v4
Am Saffty I'.axor 1S
Brlt-Anii r Tob coupon ... -l
ii
.... lla
. ...1SS
.... 3V4
.... HI.
. ... 17
. .. SO
. . . . lid
. ... 3s
.... 13'a
.... 4'i
jr4
r.
ni'i
g
Low - p m.
icj nsii
in1! r,'i
IS, 18-i
a.v s
3 .. -b
lljii 11'v
la i ur.
3j 31.
14't If,
17 47
yo -11 b
1158 -iV "
35 37
13V-J la'j
tVi 1 i
H
17 17'.,
11 11
t.
lilt. In-..
t'j 1 1'
r,s-j r.s'.
:3'-j ji
it looks as though producers migv Lie
i 1 ompelled to further curtail the output
uid cut into surplus earnings to cover
I lividends during the present emergency,
which will probubly last until credit is
extended foreign buyers.
I Cerro do Pasco held up -very well
j when ether coppers were soft, due to
1 its largo silver production. This metal
1 -ndav sold at a new high price of
':Mi'i an ounce. Steel stocks held
steady, wif I'nited States Steel close
l ' 10,"i diinn
Ohio on
I'ralriD PL . . . ,
s oil of Cil . . ,
B Oil at N J . . ,
a Oil or N V
. .371V
. .28.1
. .Ill's
..715
..ViH
UU7
711
1
LNDErENDENT OILS
15S ir.
Alliance
Allied Oil
Amal Itoyaltv
Barnntt Oil Uoh ....
llomon Wyoming . . .
Ifurknctt Van Cleail
I'urlh Svn 1,
Cities Service "B" ctts.
44
SO
81)
4SV.
$r,t
Comnionvvealth 1)
Costlen & Co
day.
the greater part of the rcik iaibIii Pet
'ilenrurk, Oil
llurtej aillesplo
kquinment stocks were favorably in
Huenced bv estimates that Kurope will '"'''"'J,0,1
have to snend M0O.O00.G00 for rolling j'SXcbio" '
, stock, of which it is in dire need, mow- Merritt 11 ..
'ever, foreing business of this descrip- 5! l"n " .?? . . '. : ! i I ."
ition ns well ns in mnnv other lines is bmar on
only a potentiality until such lime as Orerit oil . ............ .
tills countrv extends iiuerai crnius io j,dur i
Curone and the loreign ecnange mar
kets become more normal. Stockholders
1 of thu Studcbulser corporation tociu.v
10'
8
I
8'.
,11
31
3S
IS
1C4
a
ii!.
S3
w
Itetlnera.
Illclcnrrt Texas
Hill rrelc Prod .. ..
rieauoah Oil )i
Hhell Transport sji,
iu
fin
;o;i
... . 1.
...... Sli
36
D
I New York
Chicago
Detroit
Baltimore
Pittsburgh
Boston
MINIM)
Atlanta.
lluoth
Calfd Mln .. ..
Canada Cop . . . .
Candelarla M . .
Creaaon Gold
Eureka Croesus
Gold Cons
Kewana
1
.1
..,..! IL. ..!.... ... InnHnncn ll ft f.f, Tl - UImh.. Tu.
I rnillietl II1U piUIl l" ill- ,io. ..ii. M' .1....,.. - . - ...
.... ..,- tl 01-. niinniln ton Snencer Pet ...
Utilization iroui w.," " ?"". T-exaa jtanier .
11(10 000. Texaa Co w 1 .
The Cnited States Supreme Court d id Tropical oil . . .
not hand down nn decisions, and ad- ! vl?"n 0 !.'
iot.rued until December ,v secretary white Oil ... .
filnPS announces that the Treasury Ue- Way' o . u . .
sirtmeut will issue two new series of
, 'i per cent treasury certificates, one .,...,,. L0i
'111 anticipation of taxes anil the other Arinona. Hllver
fin temnornrv unancing.
1 In iiinnectlon with the offering Sec
, ritary Glass indicates that there has
been a substantial reduction in the pub
lie debt and Unit satisfactory, progress
I is being made in the absorption of gov
ernment war securities by investors,
while the nosition of the treasury has (lold Hilvcr Pick n
become much more favorab'e The net oreat .g .. .......
decrease ill the national debt from the Knm nivido is
hiirh miiik of last August amounts to Louisiana (-' ...'4
.... IlAl.'ln )ai
1 ,t:s.i,o(M).o(M).
BJ
2i
7
411,
41
10s,
s'
Ta
a '4
3tVa
04
13
11
B
1S
11(3
II
IS
li
SO'
45
1IH4
3
7
3l
1;
si
100
700
1011
100
8400
7'.'00
300
7lll)
too
700
oeoo
1.17011
3300
'2 II0O
Kill
3100
1 1)0(1
!)1()
'.(ill
Hill
30110
4100
640(1
on
100
300
47110
COO
.'700
-.'6011
NOO
300
100
tilOl)
Z7Ib
73 Ka
aili
3Sh
86
402
4S?4
24 Hi
4 ?4
66 'a
0.112
91
3J?'e
S4
13
17'4
84J.
.218
.100
. 48?a
. 83 J2
.1614
. 301s
.13714
.100
. 10U
. -uv,
. 03 34
Kndlcott-.Iobnson pf
. . L'rle
Erie 1st pf
8 Famous Playert,-L .
Famous Playeis rts
Plsl; Hubber
i Prceport Texas . . .
i Gaston Wm 6- AVig
0 Geneial Cigar
8 General Hlectrla . .
fi Geneial Motors ..
11 Gen Motors pf . . .
6 Gen Motors dd . . .
1 Goodrich B V
. . Granby Consol M S
5 r.rc.it Northern nf . .
I Gt Northern Oro Ctl's. 0'
. . Giv.eno Cananea Cop . Ma
4 Haskell & Barker Car
7 Illinois Central . . . .
fl Insp ration Con Cop
. . Interboro Con
. . Inter Con pf
Inter Agrioul
3 Int Agricul p
Int Harvester
Int Mer Marine
11 Int Mer Marine Pf
. Intel national Nickel .
Intel national Papo"
Iron Products
Jewel Tea
. Kansas City Soutben
Kennccott Copper
. 43 !
. 4014
. 20?i
. 74
.170?,
.337!:
. 92
. 2! a
. 82'4
3S
84s
con
93
. 3'
. 16 j
. 84
132 U
. S3
1064
3700 1.20 Keystone Tiro & Ilnb
71',
12 '4
84
17'i
30' j
Low
3314
40 li
71
8S!i
214
i'A
4214
9014
937,
9.1
m
-.4
lOlli
135',,
S2
93
0Ts
90
32 '4
121
45 !4
(.0
11214
70
95 V
31 la
30 Vl
(13 ?4
98 H
4114
138?4
89J4
93
loo!4
131
1024
IS'4
60 34
20
5
.13
7J
72
S8
79
93
ins
1V2
30
107
37 s
4'4
133
113
la
32
944
11314
134
I7'
13
A0
107
3114
OFs
76'2
43'4
78
(lOi
140V4
005,
57T'e
56
110'2
37 '4
20
414
112 'a
37 1 '9
73 '4
IV
30 t
86
40
4214
23 '2
63
r.l'e
(14 ''2
90a
35
8J
124
17
83a
212
99l'a
47
83
154
30
134
100
14'e
24 '2
T34
'4
41 '8
to
20 '2
7334
109 'j
333
02
1)0
81 a
58
S3 4
40
37 "a
00
92
53 4
4'a
13 .4
2l-?4
81
133
51 9a
105
24 4
70
40
34
174
305a
4s!
To'lay'n Net
Cloae Cb.
33H- Hi
4014- 14
71 V
SiVi f !4
314
4214-
OOKi- 1W
03H 14
00H 116
125V4- l'4
5414
101 4-
137 f
52 -113
I
1114
92!4H
32k4-
123 1
43t2-r
(1814 f
113 t
70 -9614
aiy,
31V4-C5?4-9SH
f
43 4-
140
90 -t
93 -
100J4 -r
12014 t-
102W-
1SU-'-
012-
20 -
V4
V '
8
I
'! I
4
I
414
4
'4
Dlv.
Sal en In Hlth
1000 0 Lackawanna Steel ... 8714
loo . . Lee ltubber & Tiro . . 35
1000 . Leo Hubber rts
.uii a.oo Lehigh .Vnlley 45
Loose-wiles Biscuit . 72
Manhattan niev ituar, 51U
Maxwell Motor 4314
.Maxwell Mot 2d pf . . )4
2
14
8
114
114
m
4
1M
300
(00
3000
loo
500
500
8700
100
500
2700
5300
100
7000
600
800
600
too
300
Uoo
500
100
800
300
1500
100
57 H
114
I
1
''a
. . Max Motors ctfs 4?H
7 May Dcpt Stores ....123
10 Mex'oan Petroleum . .20514
8 Mexican Pet pf 108
3 Miami Copper 24
20 Middle States Corp ... 63
Mldvalo Steel & Ord.. 31J.
Minn & Rt L new.... 1515
7 Minn St 1' & H St M. . 8314
Missouri Knn & Tex.. 1114
. . Missouri Pnclllo 27H
. Missouri Paclflo pf .. 4514
Mobile & Ohio 43
3 Montana Power 60
.1 Mulllna Body 4614
.1 National Acmo 33?i
7 National Biscuit ....118
.. Nat An'llne & Chem. . 0014
. Nat Conduit & Cable. . 12M
Nat Imam & Stamp.. 79 J4
7 Nat Knain & Ht nf ..102
2400 1.50 Nevada Con Copper . 1614
Now York Central ... 7314
New York N II & II. . 32
Norfolk & Western. . ..lOO'i
Northern Pacific 8514
Nova Scotia S C 78 K2
Ohio Cities Gas 30?i
Ohio Fuel Supply .... 32
Oklahoma Pro & Hef. 94
Today'n Net
Low Close Chite.
86 J4 80J4- V
3t 34 - Yi
14 14 . .
44; 41N- Hi
71 72 11
49 49 - 314
41 41 yj
4514 45& 114
414 4194 '
120 123 3
2011-4 203?4- Hi
108 108 - 2
24 24 - a4
6014 l - V
51 , 51K ..
1514 1514- 14
8314 8314- 14
UJ4 H14- 14
373, 2714 '4
44 4314- 14
43 43
50 69 - 1
44 40 1- 1
358 3SJi- 9b
118 118 24
TRADING IN LOCAL STOCKS
ALMOST AT A STANDSTILL
Continued Buying of Pennsylvania Railroad' by Small Inves
tors an Outstanding Feature Specialties Move Up
The trading In the locnl mnrket wai weeks and is attracting a great deal of
on the smnllcst scale In many weeks,
The undertone continued strong and,
apart from tho few specialties, price
73
8S -
79
9" L
ins'4
15J44
30
113 !
3S -
4914-
123 '4 -
113 -
19a
3214
9514-1-
113?4
134-
17?a
13 -59
-10814
2114-9J4--
7714
40
78
604-
116!
4
11814 J
5714-
4214
62 !i
27j -.
731a
lOJir
-40!2
-424
'
23)4
63 14 I
3 ',4 -6514
L
90a l
1 a J
13 ,
217 -t-9914
4714 !
83a -1
10!4T
3014 r
137
100
14?,-
21 14
034 4
'4
43'4
ton .
20!2
74 '
100(4 -337
-92
-90
-
8114
58 -834
-40
Vi
37)4 L
(,()
92
34 V4-4(4-
14'4-
i
214 I
14 I
5H j
'4 I
'A
'4 I
34 1
1 I
?'4 I
1400
1500
700
3100
looo
1100
290
900
too
300
2000
500
300
too
IO9OII
2300
3200
200
400
1000
200
(:t.'0U
00'!
1.100
600
901)
ICO
3100
100
900
9400
1800
800
1 6300
70(1
5800 4
400 3
409
7200 8.70
14
'.
OH
'4
I'i
4
Is
1's
4
4
49
414
3
1'4
4 1
4
14
114
a4
81 -
132 -I
5314 1
103
244 -
71
43
24
17n '
294-
J,-B -
1?4 I
1 I
14.
'4I
ii
l'a
4 I
300
2000
100
100
100
100
200
100
29900
300
12900
300
200
3.1000
400
2000
100
100
4100
200
".I0
100
13011
200
10300
2300
3000
4700
1300
200
300
4400
2300
400
34000
100
100
200
4800
1800
100
251 00
100
6600
25100
300
2900
100
100
300
100
900
400
1400
200
300
100
200
100
7000
1600
4200
4.00
100
17000
100
Ontario Sliver Mining. 1114
3 Otis Klevator 110
Otla Steel 3714
3 Owens Bottling Mach. 01
3 1'aclnc Gas & Eleo ... 02
I Pacific. Mall 37 14
Pan-Amer Petrol & T. 1004
Pan-Amer Pet rtn . . V$
3 Pennsylvania 424
Ponn Seaboard Steel . 31 Yz
Peoples Gas Chicago
Pero Marquette
3 Philadelphia Co
Plercc-Arrovv Motor
8 Pierce-An ow Mot pf
Plerco Oil
P'ttsburch & IV Va. .
5 Pittsburgh Coal ot Pa, 63!,
1 Pond Creek Coal 23J4
8 Pressed Steol Car ... 1024
7 Pressed Steel Car pf.lOOJi
8 Pullman 121
3 Punta Alegro Sugar . . 95
2 Itay Consol Cop
s Hallway Steel Sprlnc
6 Hepub Iron & Steel
4 Bepub Motor Truck
4 Beading
3 Heading 1st pf 34
Remington Typewrit . 8514
Royal Dutch NY
Savage Arms
Saxon Motor
. Saxon Motor rts
. Seaboard Air Lino . .
I St Joseph Lead . . . .
. Kt L San Fran
. St Louis Southwestru.
St Louis Southw pf
Sinclair Consol Oil . .
Sloss Sheft S & I . . .
t Southern Paclflo . . .
5 Southern Railway . . .
Southern Hy pf
7 Studeuaker
5 Slutz Motor
4 Stromberg Carb . . .
3 Superior Steel
. Tcnn Cop & Chem
Texas Co
Texas Co rts
Texas i Paclflo
Thrd Avenuo
Tobacco Products
Tobacco Products pf . .
Transcontinental Oil ,
Tra-nsuo & Wms Steel.
Union Oil
Union Pacific
United Alloy Steel
(1
10
3914
2494
33 i
81
110
19
3014
3134
98
.1074
55
79
.10214
. 83 '4
. 15J-8
, 1
. 89,
. 1414
174
15
274
304
. . 09 'a
.. 3414
. . 62
..119
..1144
.. 7714
.. 4514
.. 119a
..302
.. 0715
. . 4614
.. 1414
. . 844
98?e
634
03J4
3994
.12994
. 6214
Underwood Typewrit. 184
United DTUg 14114
United Fruit 21114
United Hy Invest . . . 9U
United Ry Invest pf . . 1714
United Retail Stores . 94'2
U S C 1 P & Fdry ... 2214
U S C I P & Fdry pf. 57
U 8 Impress 22'5
V S Food Prod 774
U S lnd Alcohol 106
U S Realtv & Imp ... 43
U S Hubber 123 H
17 K Hubber 1st pf . . .115
6 U S Smelting R ft M. 774
V S Steel
U S Steel pf
Utah Copper
Utah Seo
Va Carolina Chem
Va-Oar Chem pf
Vulcan Detlnnlne
Wabash
Wabasn pr A
10514
...114
...77
... 11
... 08?a
11334
pf. 894
9
, ... 284
1 Westlnshouse E 0: M. 331a
Woslern Maryland
Western Paclllo ....
Western Pacific pf .
Western Union Tel
Western Union pf. .
White Motor
Wheeling & L Urlo
Willys-Overland . . .
Willys-Overland pf
Wllpon & Co
Worthlngton Pump .
Wells Fargo Exp . .
1214
24 '4
3314
88'
93
7014
14?i
3114
92
7914
95
35
12 V4
7994
102
14;
7214
31
10014
84?i
73
5o '4
51
915
411.
llo
37
no
14
3714
107?,
9a
42,
3-P-4
38i2
21
33
7414
10714
18?.
30
03
23-4
10036
loo?.
i20
89 1,4
20 '4
97 'i
10.11a
54
77 ?o
34
8414
1014
83
139a
I
86
1414
174
15
374
4914
72
9715
2414
62
118(4
11214
75
45ia
119a
395
67 V5
45!a
14 Vi
834
9814
531a
03
39
126 Pa
52
183
HOT,
202
i)
17 '2
89
33 V5
37
3314
76
1031a
43
11914
115
75
104 96
1134
74 9o
II
0S?a
113
894
8 J,
281a
5336
1314
24
53(4
87
93
ot;
1414
31 'A
91
79' 's
84
55
06 -h
13
7914 -1-192
1514
7214-
32
loo 14 -
83 -75VS-i
60J4--
33 4
956 1114
140
37 ..
80 -
03
37 l'a -
1083a-
a-
4236-
336-i
3914 1
2414 r
3296
78V4
1V4
14
314
'
'a
14
16
114
l'a
94
1 '
(4!
(a
14
'4'
14 :
9.
y
3
2
96,
114 '
136
110 514
1876- 14
30 Pa
6314 U
33?4 - l'a
101 V2-1-100
y, -120
-
913. 1?b
20 76- 6
98
10714
34 -1-
79
34
8515 4
10144
83V4 4
14
1
81-
14 H
17 ?4 i-
15
374-
4914-
73
9816-
21 U -
0! 4
smallest fractional limits. Tho low ebb
of market Interest was not difficult to
explain when the restricted calibre of
the New York market was taken into
consideration.
Nothing ot local importance, developed
over Sunday to stimulate independent
movement in the homo issues. The best
the local contingent could do was trail
after the lead of tho bigger board.
There was, however, in nil parts of tho
list good underlying power, or, at least,
sufficient orders In tho market to take
care of nil offerings. Selling pressure
was conspicuously absent and the liqui
dation of the stocks' which had been
overhanging the market In case ot sev
ernl prominent Issues seemed to have
been clenrcil up.
The supply of slocks in tho recent
active issues apparently is still grcnt
Iy restricted. While no effort is made
to stir up fresh enfhusiasm .in these
selected favorites still the smallest buy
ing orders can only bo executed nt ad
vancing prices. This ivus exemplified
strongly ngain in (Jcneral Asphalt com
mon and Klectric Storage IJattcry. Tho
first named on sales of ten shares
mounted $2.50 to 127. The latter made
an early advance of 54 to 142, and whilo
the demand was not continued the prico
was well sustained.
The outstanding feature, however, of
interest was furnished in the continued
buying on the part of small investors of
Pennsylvania Knilroad stock. This buy
ing has been in evidence for bcvcrnl
nttention In local mnrket circles.
Good buying appenred again in Amer
ican Stores which was carried to forty-
two or llfty cents above Saturday's lev-
S2fi!La5-rSf-?RS?. "WC-S1'" 4 Sl-.P wftliln $1.25 of tho top price.
uiviacna prospects aro unquestionably
the motive behind tho quiet obsorptiou
of this issue.
Tho trading In tho balance o the
local shares was of littlo Interest. The
liquidating pressure against United" Gas
Improvement was withdrawn ngain,
with the price well sustained nt C41,i. ,
Philadelphia Electric was still pegged
at par. Philadelphia Rapid on small
transactions advanced to 27. TjnKe
Superior Corporation was entirely
neglected, but was supported at 21'i. .
American Gas on n few odd-lot transoc-"
tions yielded $2 to Cl. On the other
hand. Insurance Company of North
America advanced .? 1 from tho previous
snlo to 30, liittlo more Philadelphia
Traction was offered, but was all taken
nt 112, as was Union Trnctlou nt 38.
The weekly Philadelphia Clearing
House statement bhovved the local insti
tutions not only greatly improved their
reserve position last week, but also suc
ceeded in cutting down tho outstanding
loans and discounts materially.
The new week opened, however, with
out any essentinl change in local money
market conditions, Ilriefly, money is
deuccdly tight," ns an official ot
one of the leading loaning institutions
put It today. Call money is still of
fcretl nt G per cent. There is little of
it, however, to be had. Time money
id quoted anywhere from C per cent up
wnrd. Mont of the banks are putting
out littlo money, and what they are
loaning is on short maturities.
Philadelphia StocJcs
1 1 1 irli Low Clog
210 Am Strs. 42 41Vj 42
20." Am Gas. 51 HO fill
25 tR&O pf CO "0 50
-0 TCuba Cn
Sugar . !
Net
s rhfre
IS
4!;s
140
127
4S -4-1'i
4 &
142 4
127 2f.
24
i
M)
10
2Hi
431,4
51 -Is Va.
42i
p.'Va
Va
1
11814 14
l'i
l'a
94
113U
7y5 45 y. -119a
290 -67(4-
45T4
114.. 84 14 '-98(4-52a-
637a 1?4
3914-1298-
33 4-
184
14114-
21014
9(4
1714-
91
22 JA
57 "
22!.
351,6
104
21V
04
45U
51 5s
"iWl 7f
-o ..
271.S..
02 . .
:is 1
OT 1'
388 '
54Vs- Vt
107 ..
27Vs
02
2Tfi
38
54ii
107
Hi
14
16
14
4
(4
8!S
'a
14
36
1(4 '
yi
A
t
1
2
7734 -
105(4 (
42 -
122(4-- 3 (a
113 4
704 t
105 -114
74 56-
II
liSya '
113 -
894
0
28(4-
33 ?0 -'
12 16
!4
6514-
88 -
92
07(4 r
14J4
314
92
79y4-
94
53
OOOK'oLGra. 04
425 Klc Stor.142
' -10 Gen Asp.127
Oeo Ins Uo ot
, N Amer 30
10 Key T Co 10
20 Lk Su Cr 21 4
120 Lch Nav. (54 8
15 Leh Val. 45i
50 t.Midvale. 51
730 Pa Jill.. 427i
5 Pa Salt.. 7nii.
I 51 Phlla Klc 25
1 83 PRT t c. 27 1,2
1 200 Ph Tract 02
1 225 tUeading ma
100 Tdolstpf 35
I 1000 Ton Bel. 3
00 TJn Trnc. 38
330 U G I... 511i
IUOK .T.107
510 York Ily
prcf ... 31 31 31 ..
tNet chanire mado bv comparison with last
sale on New Tork Stock Exchange.
Total sales C18S5 shares, compared with
C147 shares Saturday.
I Sales In IIONDS Net
Jinoo Hlth Low Cloe ohse.
1 1-10 Am vV
Ulcc 5s... S3 83 S3 V2
1 Ic & Pco
Tr 4s . . . 03 03 03 1
4 Lib Bonds
3d 4i4s.. 04.22 04.22 01.22 .18
(5 4th 4V4s. 02.40 02.40 02.40 .21
1 Va Co cons
4V2S 01 01 01 ..
8 1-5 Phil EIcc
1st 5s ... 031,6 01 Is 01-s Vs
2Un Itwys t
c 4s 50 50 50 ..
5Wels Co 5s 08' 08 M O8V1 ,Vi
Bonds. J2S.300. compared with $16,100
Saturday ,
REACTION IN COTTON
AFTER INITIAL GAINS
Southern Selling Develops and
Prices Work Few Points Be
low Highest of Morning
WOMAN FALLS DEAD
Mrs. Anna Ileiser, fifty-five years
old, of 3050 Ilartville street, fell dead
today as she was passing 031 l'ast
Allegheny street, while on her way to
do her morning shopping. Her body
was taken to the Episcopal Hospital,
where it was identified several hours
later by her son, Kulph Heiser.
COTTON BELT WEATHEH CONDITION'
New York. Nov. S4. The following tern
peratures were rerorde.l In the cotton belt
this rnorntn?: ICnoxvllle, 42, Nashville, 44;
Macon, 40: Tort Smith and Auurusta, 48,
vvllmlnBton Atlanta ami Memphis, onf
Oklahoma City Littlo Hock. Charleston
anil Savannah fi2; Montcomery. Thomas
llle and Jacksonville, M; Meridian, bU
flan Antonio nnrt V'cksbure. OS; Shrove
port. New Orleans, Pensacola ana Tampa,
fiOi Corpus Chrlstl. 00 and Galveston, OS
There was no precipitation.
New York, Xov. 24. Pollowlng the
lend . of Liverpool, the cotton market
had n strong opening today at a net rise
of 38 to 70 points. .
Several interests, notably spot houses
and uptown operators, were good buyers
on the first call, while offerings were
light and hcattered, due in part to the
strength of the cables and an absence
of notices owing to tho small stocks
here.
Later, southern selling developed and
prices worked off a few points from' the
highest, showing nbout 25 points net
advance, nt the end of the first twenty
minutes.
Tine receipts at the ports are esti
mated at 40,000 bales, ngainst 34,835
-'1,780 bales a
bales a week ago and
year ago
December
January ..
March . .
May
.Tnlv -
October . .
1:31)
p. in
Previous Todays' 11:00
close opit a, m.
an es 911 no
ai.tlK 3n0 3.1,40 35.60
38.24 33.60 33.70
31.87 32.33 32 2S 32.43
30.73 31.15 . . ..
28.23 20 ll)
Towboat Engineers' Strike Settled
Now York, Nov. 21. A strike of en
gineers on ocean nnd coastwise tow
boats, called six weeks ago has been
settled by the granting of increased
pay, it wns announced here today at
the office of the Marine Engineers' Ben
eficial Association. Chief engineers, it
was said, were granted $275 a month ns
ngainst the former pay of $105, and
nssistant engineers S205 as against 5105.
I'i
11
-) 1
H
V ill Mend.
1
4C3,
4b
10't
.)',
,l
.11 j
341a
77B
f.
18
11
8
12a
11 '-i
0V6
40'i
it.
M.
DROP IN CORN HALTED
BY SETBACK IN HOGS
Market Wavers at Times on
Profit-Taking Due to Weak
ness in Cash
NEW YORK COFFEE MARKET
New York, Nov. 21. There was fur
ther selling pressure noted in coffee on
the call this morning, nnd first prices
were unchanged to 10 points below hat
urdav's closing figures. There teemed
to be fresh buying on the tcalc down-
Despite the fact that u special San
tos cable reported futures there nt fur
ther declines of 50 to 300 reis. prices
hero held steady and at about the pre
vious close. December sold up to lo.-uc
and March' to 15.70c.
Tho were rumors that an mipor-
wltti rcierenrc to
Chicago, Nov. 24
I...!- M'n& Htrnni? today
ered for a time on profit-taking dm,,e CXIK.,.tcd from one' of the important
to weakness in the cash article in ine
In
BO
204
'J
3d
Southwest and lightness of stocks
,, ithe final dealings tho tendency was up
,lS ard. The decline was checked by the
setback in hogs.
The strength was due to heavy cov
erinu bv shorts, purchasing through
commission houses mid a good demand j
, , , from, investors, llullisu mnueiirn. in
.J
The torn mar-
... Intil iin,i,m rifiolilflit
although it wiiv- '".. ,,, Kit,intion mieht
international banking interests shortly,
nnd this may have steadied sentiment
i to some extent.
Hat. rloH
.. in 237
.. 13.701171
.. 15.7BW80
., 13 S090
.. 10.0570
December
fach . .
May
July
Gevtember
ll!d.
Open
13.15
lS.mi
1R.75
1B.84
1D.C5
11 a.m
ID. 26
1B.7B
IV, l'l
1M Ml
1B17
42S 1315.8211,987
M.H14 l.l 3l,l.ni.iuu
Oold
cTo'
it
a
Mereer 4
Gold Withdrawn for Export
New York, Nov, 21 Gold bars
nmountlng to approximately $400,000
are beiug withdrawn from ai-Miy oftlce
for shipment to IJombaj . India.
CHICAGO BUTTER AND EGGS
I I.I,-,!.,.. ot 21 -HITTLK - Mal-
r'jainry 57v7iv . . ... . ,
KOUti llecelpta 14 'as.s. Flrts, 06 ul
TO. orvllutrry "rats ilBfciilc nt rourK cases
ijnetuJ!'.rJiM)0'i' torae pailca flrsts.
Reserve Banks' Discount Rates
Official discount rates at the twelve
Pederal Reserve banks were as follows:
(The first tolurnn gives rates for all
periods up to and including a fifteen
day maturity ; the second for n period
of sixteen to ninety dajs. The third
and fourth columns give rates for re
discounts of collateral loans secured by
government Donas or notes.)
Com'l paper
1 to DO
ID days
4
llostull
' Vew York
l'hlladeiphta
Hlchmond
niMvalanri . .
Atlanta 4VJ
Chicago. 4U
4'i
4
4 V,
4U
.iir
St. Louis .
Minneapolis
4
Vi
davs 13
4
4i
14
4
4
i
s
H
Gov't paper
1 to 1)0
days daa
4
4'i
4
44
4
4'1
A",
4'
H
4S
4H
4S
i'i
XfrKIn Par P,S
Mai'Namaro B'l
Marsh Mln 17
Mother l.ode (jo
Mother Ijnan new tl
Nlplssinc
Onondavo ... .
llochester Mines
Itopo Group
Sliver Klntr of ArU
H Rllver I,ad
Steward Mln CO
Success Aim
Tonopah Jlelmont ....
Tono Divide
Tonopah Midway
Tonopah Mln
Tonopah Mlzpah
Tonopah Itesrue liula
United Kastern
West Knd C
White Cops
White Caps L'l . .
Wllhert
Terlnfton
17
:i
4
n
:
31i
18H
8
4S
43
00
BANK CLEARINGS
Runk eteArinars today compared with cor-
eluded a resumption of operations nt responding day last two years
the Arco nlunt of the Corn Product 172.n70.nn4 l(i7.isn,4:
Iw !Hef.nlug Co. and predictions that other Sfee-.BSg;5Sft53g Atnm.nlh ,oUnZi
Ivvorks would start grinaing as soon as . fti Silw.iSo ::.:':::
coal could bo ooiaineu.
Receipts of tho new grain in the MONEY-LENDING RATES
sample market were heavy. 1 xEW YORK Money on call, mixed
IIONDS
Allied Packers Cs.
A T T V4 ....
I It T 7s
Swedish Oovt (i
i! ,v,
lli IJ',
SI 21
&
10 20
4 4
ft rI:
18 18
? ?H
IS IN
l-V 311
IS ll
IS 13
n !
T V
4 4
85Vi 85
I7 09
OH 03Ti
3'i P3i
1)
IS
3
4
n
3
all
r.a
47
00
n
20
4
B4
'hi
7
IS
4
f
7
l
Oats met with good buying by bulls
and were firmer. There wus some sell
ing by southwestern interests. Local
professionals nnd pit traders were the
best buyers.
The market wun helped by the up
turn in corn, higher priced for rye and
light offerings from the country. Re
ceipts were moderate. There was talk
about a demand for export.
Leadlnir futures ranged a follows:
Com '",?; Low CToe, ,t?j
Pc !?. H2 -2A i-SiV 1-Sii!
1.27VJ L2' 1.27H ....
7:
l.SOVi
1.M
Jan.
May. ..
oats
Deo ... 72
May ... 73'
I'ork
Jan
May . 33.20
Lard
Dec. ....
Jan. ...SJ.40
Illbs
Jan. ..,18.80
Mr .. 18.85
BIO.
711 7a -; -
1 071 mi m 1
34.00 aa.oo
31.70 81 75
32.20 31.70
28.80
23.75
18 03
18 45
23.70
23.02
18.SO
18 IB
28.70 23.r,0
23.8B 23.30
18.5T
18.10
;
18.67
18.12
collateral, opened today at 7 per cent
for lending and j-enewlng..
The time money market was not in
fluenced by the lower opening of call
funds, but tho demand was reported to
have gone off materially In consequence
of the easier demand In rates. There
wns very little business. Borne small
lots of money were loaned tit 7M per
cent for ninety days and 8 per cent for
four to six months.
In the other financial markets, in
cluding prime mercantile paper and
bank acceptances, the situation was un
altered. PIIILAllKLPIIIA Call. (1 per cent:
time, 0 per cent: commercial paper,
three to six months, G?i per cent, and
six months, D!J40 per cent.
LONDON Money Is quoted at 4
ner cent. Discount rates, short bills.
5 8 per cent; three months, BTs0
per cent.
LOCAL BANK LOANS REDUCED
Excess Reserve Increases $1,886,
000 Deposits Are Lower
Tho outstanding feature in the weekly
statement of the Philadelphia Clearing
House was a further contraction in
loans and discounts, this item showing
a drop of $11,503,000 ns compared with
the corresponding week labt year. An
incrcaso of $l,SSo,000 in tho excess re
serve of the clearing hoine Institutions
brings the total surplus to ?3,C28,000.
Rank deposits showed a loss of $2,-
353,000, whilo in individual deposits i
there was a decrease of $7,710,000.
Details follow: !
ALL MEMHERS
Nov. 24 '10
Loans 7l)7,B75.000
KxchfaCl'llousa .153.000
Due from banks .. ?I'R?3'!lS
Hank deposits .... 147,217.000
Indlv. deposits .... 843,202.000
Time deposits .... 0,022,000
lies, with r. II. II. ., , ..
legal depositories.. 87.438,000
Cash In vaults ... 15,011,000
Total reservo held . . 58,334,000
Ileserve required.. 64,700,000
KxceBS reservo ... . 3.028,000
MEMBUItS IlESEnVB SYSTEM
Reserve held .... 165,123,000 11,337,000
Excess rccerve ... S.abH.OOO l,S83,ogo
THUST C0MPAN1BB NOT MEMUEKS
K.EHKKVK 8YHTEM
Jleaerve held 88,211,000 J216.000
Excess reserve u. . zov.uuv vi.uuu
In addition to the deposits above there
were this week 412,402,000 uovernment do
poslts against which no reserve Is required.
Increase,
U.S. GOVERNMENT BONDS
ALL ISSUES
$50, $100, $500, $1000 DENOMINATIONS
MONTGOMERY & CO.
NEW YORK
133 S. 4TH ST.
PHILADELPHIA
CHICAdO
TELEPHONES) Hell. Lombard 4320. Keystone, Mala 2384
Uovrmment Securities Department
Decrease
14,r,O3,0O0
3.708,000
069,000
2.855.000
7.710,000
13,000
1,087,000
418.000
1,121, 000"
705.000
l.ssa.ooti
GIRL STUDENT SHOOTS
Jealousy Causes Deed at Ohio Wea
leyan University
Delaware, 0 Nov. 2-1. The Shoot
ing 'on Friday of Miss Gladys Hacey,
nineteen years old, of Caldwell, O., a
sopliomoro at Ohio AVesleyan Univer
sity, was cleared up when Miss Blanche
Davidson, a student living near Dela
ware, confessed that she fired the shot,
according to the police, after her arrest
on a charge ot snooting with intent to
kill.
Miss Racey was shot while In the uni
versity chapel, lloth girls were receiv
ing attention from a young man ,nnd
Jealousy was assigned si the reason for
J the shooting by Miss Davidson.
Short Talis io Investors II.
How About The Rating?
JOHN SMITH asks his banker to discount
his note for $10,000. The banker does not
know John Smith but agrees to look up
Smith's "rating." If Smith's rating is satis
factory he grants the loan.
ANOTHER John Smith approaches the
banker and asks him to invest $10,000 in a
certain issue of bonds. Smith grows eloquent
over their value and the banker invests in
the bonds on the spot He never thinks to
look up the "rating" on the bonds.
PERHAPS the banker does not know that
bonds and other investments are "rated"
nowadays. But over two thousand banking
institutions in this country do know it and
they never buy bonds nowadays without
first ascertaining John Moody's Tating" on
the bonds.
IF looking up the rating of borrowers is good
banking practice, why is not looking up the
rating on securities good investing practice?
IT is. Write today and let us tell you more
about it
Moody's Investors Service
JOIIN MOODY. JYnUnt
35 Nssna Street New York City ,
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