VT"'MHr Wf,
IB
V
EVENING PUBLIC LEDai2Kr-mLADBljI?ferAr MONBA ' bEOEMJBEB ; 19
" - - '"' -- -- - . ... .- . . . . .. . , . . . .. y
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
TfW
'U ..rf
. i
.
'-
1
0 J
At
I
h
w
CLOSEST MARKET
QUOTED ON
FOREIGN
GOVT. BONDS
AND
MUNICIPALITIES
OF
ALL NATIONS
BASED ON PRESENT LOW
PREVAILING EXCHANGES
JWO R. HISSE
Specialists
50 BROADWAY NEW YORK
Tel. Ilrnnil MO! 7-1IBH-HJ81
DAILY SURKTX OS
UAUKP.T FI.VCTUATinSa
sr.vr o.v request
MARKET INTEREST SHIFTS
TO THE RAILROAD SHARES
Movement Lacked Vigor, Being Handicapped by Tight Money
Conditions and Holiday Influences
IB
LISTED
ACTIVE BONDS
of the highest grade can now
bo bought to yield from 6 to
8 and offer exceptional op
portunity for appreciation.
Suggestions on request.
INtalillslinl 18G3
Sew York, Dec. 22. Tlic shlftlns of
activity to the rnllroncl division unpolled
the most interesting development of to
day's. Mock mnrkct. The movement
wnx not very vIkoioiis, but uevcrthclewt
reljected n decided chnnRi for the better
in stock market sentiment.
The trading in this long-neglected
and nmcli-iilmacd section of the market
was favorably influenced by the piist
shro of the Cummins hill by the Semite
ou .Saturday and by the expectation of
fair treatment for the country's carriers
by the creation of a compromise bill hj
the joint House and .Senate conference
which begins tomorrow. Neither the
Cummins hill or the Ksch bill are ac
ceptable to the railroad or 'timiucial
i community. Out of the two. however,
there is confident belief there will be
created n measure which will give the
transportation Industry a fair deal.
The rise in the rails and most sub
stantial among such shares as St. Paul
common mid preferred, l'.altiniorc and
Ohio common and preferred. Southern
Hallway preferred, Perre .Maripiette mid
New Haven, where gains of one to two
points ruled.
KYotu the outset the market ran
counter to two distinct restraining fac
tors. First in the stringent money
market conditions, which was again
forcibly brought to the attention of the
market community by Saturday's very
unfavorable bank statement. Still fur
ther confirmed by the knowledge of
further heavy calling of loans by the
banks today, n step made necessary to
restore the surplus reserve, and again,
in the stiffening of the renewal call
loan rate to 7 per cent. The litlier was
to be found in the familiar holiday In
fluences, which were strongly in evi
dence throughout the entire session.
With the early forward nirtverueiit in
the rails, the shipping shares also de
veloped notable strength. The steel
group, too, were taken up, but there
appeared to be quite a good deal of
profit-taking in the industrial section
under the cover of the strength of the
rails. Most of the gains, however, in
all parts of the list were forfeited before
noon, around which period, the market
settled Into a narrow rut awaiting the
convening of the Supreme Court. The
failure of that high court to hand down
any of the expected Important financial
decisions, prices began to sag again as
the tightness of the money market be
came more apparent.
. NEW YORK BOND SALES
Pnmmary of the Indlvldnal Transactions on the New York Kclianje
&
BANKERS
410 CHESTNUT STREET
Members of Sew Yorle and Philadel
phia Stock Uxchanges
It
38 W.
Am Smelt & Kef 5s
soon 'M
M Am Tel Tel
33 RHItll
55 . .. M.-.l X. 'CM 5S
ii iuoo 1Btt'
m Tel & '(
1U0O tlHT
H Am Writ l'ancr is
50(10 . ""
nr'o-Freiicn
Mill!
m
Trnfr flaa V.We. I.t. S. IfMl
Hmttlncdmi I). A' Hun lis, 10:10
Nt. Jnscpll Ky.. I.t.. 11. A I. .1. 1037
ftjrncuso I.t. & l 5s, lflM
Anicr. Wntrr WurKx & Kler. ,v, 1031
Loicalt ('. I.t. 4 I. 8s, lfl
UmiEl.i Ky. & I'. As. 1051
Terra lliiulr. I nil. & Kuit. True. 3s, 19 1.1
J-nrllmicl Ry I.t. & I'. n, 11)12
United Huh A- Kler (is. 1111,1
Cndrin Oil A Kef. 6s, 1!'!7
KhulTrr nil & Iter. I.s, iiko
I.uzrrnn Co. fins .V l:iec. :,-. Hlls
Anwlom Cllies .In-lis, 1010
TlllKli lmrr Ss C,s, 1027
Rrpnhlir Kwy. A LI. Cs. 10S0
(ienlHiird Air ln lis, IDIS
lumesloun. rniihllii ti Ctmr, Is, 11)39
Prnim. K, li. Urn. I'-s. 1(103
l'rnqa. 1J. IS. Cons. 4. 100(1
HENRY D. BOENNING & GO.
STOCK 'KXCIIAMIK nUII.IHMl
DIroft I'rlvat Telephone to New York
Member, Thllu. Slock Kclmnt;e
05Vi
05 Mi
05'K,
05
5Vj
II 3 Ml
or.
05'K.
05
I' ml.
7 ',!
OS
S V 4s
'Jones & Laughlin Steel 5s, -1939
Buffalo &Sus. 1st 4s, 1963
Central Dist. Tel. 5s, 1943
UJ. S. Public Service 6s, 1927
)ld Ben Coal 1 st 6s, 1 925 & 1 926
'Lehigh Valley 4Js, 1923
'Central Indiana 1st 4s, 1953
American Power & Lt. 6s, 20 1 6
i-'Tenn. Ry., Lt. & Pr. com & pfd.
l
noun
2011(1
130011
20000
4000
40000
135000
5000
IH'JOOO
Alcll T A: S
100(1 ...
looA .
Alch Top i
1000(1 ...
10000 . . .
0000 . . .
2000 . . .
A ' ORSt l-ln-
.',000 .... " Vs
D & O Pitt L. IS &
W Va System Is
5000 .... 03'j
a k o so W J4i
1S00O .... "8
1000 HJ
7S.iltlmore & Ohio cv
77
77 Vi
tocOt010S Land Title Bldg. Hoc. 411
LIBERTY
BOMDS
$50, $100, $1000
Bought Sold
Recommended for Investment
NewUrger, henderson, a Loeb
1SANKF.R9
1410 CHESTNUT STUF.ET
Uciukcra J. . & 1'lilU. 6iuc x.
baocet
15000
SOOO
1000
1000
5000
50011
5000
2000
5000
1011(10
COOO
17000
15000
10000
80000
'10000
1501)0
100011
1000
5000
17000
31)00
3000
2000
3000
1000
50
50
BV4
5HTi
50
5!)
50 Vi
50 14
5014
50
00
00
00
(10 V.
50 V4
(10
50Ti
50'i.
00
OOVj
00
50
COM;
ntoi
50 'j
59
Bait A Ohio 3!jB
3000 .... M
Baltimore & Ohio 4s
.
-'l
BARGAIN DAYS IN BONDS
Moody, the Financial Authority,
Says:
"Purchase ot Investment
bonds of all c-lasses may bo
mado v.'tth confidence.
"We must jo back to the
'70s to llnd the relative bar
trains that arc obtained In
tho Railroad bond market
todajr."
Wo will bo pleased to submit
offerings
EDWARD V. KANE & CO.
MORRIS BUILDING
ft
GEO. A. HUHN & SONS
STOCKS AND HONDS
Uemberti of ths Ptalladelphl'a. New
Tork and Clilrano SlocU lixchatii-es
New Torlt Cotton Cxchanca
Commlailon Orders Executed In
All the Principal Marked
IIEIXIIVCE COUltT UI.UO.
1418 Walnut St.
NEW YOHK OFFICES
111 Uroadwuy. New Vnrk
Bond Salesman
wanted by a bouse with one
of the largest diversified
lists-; do business in the
principal financial centers.
C 825. Ledircr Office
Man.
I'lVn
YT..I. I tl. ..!... ... It. I. It- no-. in....
ivMiini .,,,.',,,,, ,,, .,.,., n im ,)!iM. IU4U
M'uiiM) IdaCril Trui't. (o, of ,. .Irmry Sh. 1033
Jolinutuwn True! Ion u. Ikt & Kef. 5, 11143
Mffit 4 oal & INavlir. Co. ConH. -ly-h, 1054
nltro on liuproir. to. nolfH Oh, 1020
terra Ifaulet. Indnla. A; Kuktrrn 1. mm
lndlaiaiolU Tntrt. s: Trrm. Vo. 5, 1033
I.UI.U... , fBttluruKllir A llHUtlilfl H, 111,12
l'fnn.rhiinlii Kallroad Co. (7en. 41s5k. 1003
Aorirun (i'j Co, KitrncJrd Notrs 7s, leio
Jllarkrt Ktrrrt Klfvatwl I'asa. Uy. 4a! 1033
Samuel K. Phillips & Co.
507 Cht-tnMt Nlrrrl
Investors read
TkeWallStfcetJonmal
WP" f 5 AHUUkSSaW
RAILROAD, INDUSTRIAL
PUBLIC UTlLl'IT
BONDS
LIST ON REQUEST
MARTIN & CO.
1 41.1 WALHHr T.
5000 .... (15
100(1 05
7000 .... 05
3000 BIV4
1000 .... 1V4
1000 .... 05
1000 .... 115
1)000 .... (it
Baltlmoro & Ohio 5s
5000 .... 50 '
3000 .... 50
(1000 .... 0(1
4000 .... 50
8000 .... 50 Vi
3000 .... (il'Vi
loooo .... ai'i
5000 .... 01
4000 .... 01
8000 .... 08
800(1 .... 02 Vi
10000 .... l
10000 .... (il'i
1000 .... 00
5000 3
4000 .... 01
8000 .... (II Vi
lialtmioro & Ohio 6a
85000 .... Hu'H
Llcth fc?tuel Corp fd
2000 .... Bui's
1000 .... S5
Beth Steel us of '36
1000 84i
Brli & 7th Av It en
4000 ... I01i
Brk Union Elev lat
80000 .... oii
Buali Terminal 5a
3000 .... 70
Canada Southern fia
5000 .... 86
Cent of Georgia 6a
5000 .... 04
10001) .... 02
1000 .... 08
Central Leather Os
1000 .... 05
0000 .... 05
3000 . . . 03 ',4
Central PaclHo 1st
loou .... 75
0000 .... 75
2000 .... 75
3000 75'i
Ches & Ohio 4 18
3000 .... 7l'j
Ches & Ohio cv 1 14
hi A
10000
200(1
3000
30110
200(1
CM M
S00O
Gt Wpl
Mli
r, i li
.... 51 i
.... 58
& St I' Dub
08
Chi M & St V Ih 25
1000 .... 00
1000 00
Chi M & St 1'ev 1 Vi
2000.
7000
10000
10000
HOOD
5000
5000
20000
5001)
1000
5000
8000
50110
5000
nooo
3000
( 1 14
. (13 Vi
. 04:i,
. 4'
. (13
01 Vi
. l Hi
. Ol'j
. 01
. fll'H
. ot'a
. 01
!;
(itTi
01
Chi M & at 1 cv 5s
52',
ft 3 lii
53 Vt
53
58',',
52
53
53 V,
58',
52
52
!'
33
51
10000
5000
1000
8000
15000
23000
7000
05
'(
05
113 Vi
(13 Vi
05
05 Vi
M & St P rm 4 V4
5000 .... 74 -Vi,
Chi il & St P fii i 4
55 ',
55V4
56
57
57
57
3000
5000
HOOO
7000
1000
. 000"
11000 . . . 57
' hi A.: .V W 5p of ST
8000 07
Cjl & N West em
5000 .... 77
500(1 .... 77Vi
Chicago Ilwys Co 3s
1000 .... US
2000 .... 03
Chi It I & Pacific fd
8000 .... 07
5000 .... 07
2000 .... 67
3000 .... 67
10000 07
Chi lt I S: Pacific 4s
7000 .... 73
Chi Union Sta 4 Via
1000 .... 81
City of Bordeaux 6s
1000 .... 02
City of Paris Cs
5000 08 V!)
1000 02
3000 02
1000 .... 02Vi
City "f Toltlo 5s
5000 57 Vi
C C C & St I. nulls
1000 . . . 00
1000 .... 00 Vi
Col & Sou Illy 4 vis
3000 .... "2 Vi
8000 .... 78 li
10000 .... 72 Vi
1000 .... 78V4
Conbol'd das Co cv
8()(r .... 00
Den & Rio Grand 4s
1000 .... 4
1000 5
J)om of Canada '21
1000 .... 07Vi
Dom of Canada '26
8000 .... 03li
Er Kail Iload u
2000 .... 52
8000 .... 53
10000 .... 52i
Erli- (loneral Lien
tiooo .... i:i
20000 .... 42 Vi
lErln Uall Hd cv B
5000 ... 30
10000 .... 33 Vi
5000 35
Krl" Uall Kd cv D
1000 38
10000 .... 38
0000 .... 38 li
3000 38
1000 .... H8',
10000 .... 38
V K Coast Ry 4 Vis
8000 .... 77
Great North lly 1st
2000 .... 88
Horklne Val 4 Vis
1000 .... 0
Hud & Manhat in
5000 .... 15Vi
Hud & Manhat fd
oooo
5000
2000
2000
15000
2000
5000
.'ill (I (I
3000
700!!
1000
100(10
4000
noooo
50(10
10000 .... 52
12000 .... 52
Iowa Central Hit 4s
2000 .... 30
K C Ft S & M 4i
7000 .... 03
1000 03
Kan City tfouih
3000 .... 72 H
10000 .... 72Vi
1000 .... 72 Vi
15000 .... 72 li
3000 .... 78 ',
K City Ter Illy 4s
3000 71
I - .v: M rf 4s 11
22000 .... US VI
0000 .... S3
200011 .... 82
LlgKett & Myers "s
10000 ....110
l.onis & Naahvl'e 4s
2000 .... 80
Man Klo Ry rila Is
looo 58 Vi
Manhattan Rwy 4s
.-000 .... 58')',
Mldvale Steel Co 5s
30011 .... 81 li
2000 .... 82
Minn .: St liouls 4s
2000
looo
looo .
Mo Min
5000 .
5000 .
toooo .
5
35 Vi
30 Vi
Tex 4s
58
58',i
50
.... 78V4
.... VlVi
73
73
.... 72Vi
.... 78
.... 73
.... 73 .
.... 73
73
.... 73
73
.... 73
: Ohio J 58
.... 78V4
.... 78V4
.... 78
.... 78V4
78
.... 78
.... 78V4
.... 78Vi
.... 78U
.... 78Vi
.... 78
.... 78V4
.... 78
v Alton
10000 .... 30',
aooo .... si
' K it Quirii'V 4i
11000 . 03
1 . . . '"
SO0O , .. 9t
W '. tfJ-
1000
looo
3000
1000
33000
4000
1000
10000
6000
4000
11000
3000
sooo
10000
ioooo
10000
13000
sooo
10000
10000
1000
2000
35000
10000
5000
sooo
ioooo
soon
1000
3000
1000
3000
llliriols
3000
3000
1000
5000
8000
looo
57
57 Vi
57 Vi
r.7 vi
. . . . 57
57V4
Central fd
. ... 76
70',
77
76Vi
76
77
111 Vnt B of 51
3000 .... OOVs
Illinois Central 5 Vis
1000 .... 01 Vi
1000 .... 02 Vi
2000 .... 02 Vi
1000 .... 02 Vi
Imp Jap Gov't 1st
1000 .... 70V4
In Mer Marine, 6s
10000 .... 03
Inter Met Co t 4V4
6000 .... 17
Interb Met Co 4 Van
8000 .... 17 Vi
4000 .... 17
5000 .... 17
36000 .... 17
45000 .... 17
Int Rap Transit fd
Mu Pacific 4.s
8000 .... 6t',i
Mo Pacific gni 4s
6000 57
30000 57
10000 57
100(1 .... 57
3000 .... 5U:)'
v "(jwi r Co 5
3000 .... 81
N O Tex & Mex Cs
5000 05 Vi
N Y CX. H It R3K
.1000 .... 68
N V C & 1IR UP. 4s
1000 .... 78
1000 .... 70',i
N" YC & U R Kit 6s
8000 .... 00 Vi
5000 .... 00
100(10 .... 00 li
30000 00 Vi
1000 (10 ',
18000 .... 00 Vi
33000 .... 00
5000 . .. , 00 Vi
5000 .... 00 Vi
8000 .... 00 li
0000 .... 00 Vi
3000 00',
0000 .... 05
30000 .'. . . 00
N Y Gas Heat &
nice L & P Co 4s
3000 fllVi
5000 .... (I Hi
loooo .... dlVi
N Y Gas & Elec V
II & Power Co 5s
3000 81
IN 'H A Hart 6b
I loooo .... (17
looo .... flOVi
10000 ... 60 Vi
N Itwys ct (
10000 30
N Hallways n
5000 31 li
Svw York Rwys 6s
15000 7
15000 .... 7
V Railways ct El
10000 .... 7
.' elenhoni ltj
1000 .... 80 ',
4000 .... 80
5000 80
N Y Telephones Cs
6000 05
N WO&B Hsi
1000(1 .... 31
7000 .... 35
2000 .... 35
N'or & West cv 6s
5000 ....103V4
5000 1031',
Northern Pactfls 3i
4000 .... 3t
1000 .... 64
2000 5t'j
15000 54H
Northern Paciflo 4s
15000 76Vi
25000 . . .'. 77
O II It (i N Co 4s
1000 30
1000 00
Pac Gas & E Co 5s
looo 81Vi
looo .... 81V4
4000 .... 81
20000 .... 00
Penna It R em 4H
1000
3000
6000
sooo
7000
5000
Q0O
550q$
03
.... 5SV4
.... 53
.... 53Vi
.... 63
.... 53
4. C2
18000
5000
8000
1000
15000
35000
2000
5000
SOOO
81
81
81
81
81 Ml
80
80
81
81
Pennsylvania, RR 6s
10000
1000
5000
ioooo
2000
3000
loooo
sooo
8000
Peoria
5090
9000
00
00
.... 00
.... 00
.... 00'
.... 90
.... 00
.... 00
, ... oovi
& Kant Int
(,.. B1J4
P S & U Krle cv 32
5000 .... 80
P i. Marquette 4s
10000 .... 07
1 .Marquette o,
21000 .... 8t
l'pli Ser C of N J 6p
i:
. 58';,
. 58
It 49
. 7BVi
. 78
704
10000
3000 .
R ailing
51)00 .
5000 .
10000 .
Kit I Ark & 1, 4 Vis
HOOO .... 00
8000 .... 60 Vi
StHUoard Air 1.. fd
8000 .... 30
3000 .... SH
3000 .... ill!
2000 .... 38 Vi
5000 .... 38
IOOOO .... .",8
Seaboard Air L a
11)00
3000
1000
1(100
toooo
looo
2311110
21100
5000
35
S3
3
35
35 .
33
35 '
35
35
.Vouthern Pacific fi?
2000 .... 76
5000 .... 70
3000 76
10000 .... 70
8000 711
Southern Pacific 4
5000 ..... 70
Soutn Pacillc cv i
5000 .... 70
looo .... 78
3000 .... 78
south Pacific ov
10000 ,...I0"
20000 . . . . 101 Vi
1000 ...,103
Southern Rallys (
2 0000 .... 50
15000 .... 00
5000 .... 50
1000 .... 50
20011 .... 50
Southern Rallys 5
loooo .... 85',
1000 .... 85 li
Sparta 4s
5000 71
St I, I M So lty i
6000 .... 73 li
i .. I M & S It.
Gulf Dlv Is
1000 47
1 I. & San Fran i
2ooo .... 13 li
43000 18 Vi
2000 .... 43
4000 43
3000 .... 13 Vi
5000 .... 43 Vi
3O0O .... 13
3000 .... 13
8000 .... 13 Vi
St I c fan Krnii aj
looo .... r.8
8000 .... 38 Vi
1000 .... 58 li
1000 .... 50
St 1. A: San Fran A
5000 .... 57
1000 . . . . 7
8000 .... 50
3000 .... 56
30000 .... 56',
5000 .... 57
1000 56
10000 .... 60
80000 .... 57
St I fi San Fran B
4000 .... 60
St If & So West en
5000 .... 63 Vi
gi So W RK l
6000 60
Third Ave Illy 1"
5000 .... !!)
0000 .... 40
3000 .... 50
10000 .... 10 li
4000 .... 50
5000 60
6000 .... 50
8000 .... 60
B K nt a B I !l
1000 05
15000 .... 05
Utltd K Of G B & 1
t of '23
10000 .... 06
5000 1)0
25000 .... 06
85000 .... 06
u ic of a b
rets of '29
.-.: I
10000
10000
2A000
1000
10000
35000
2000
21000
03
05
05
!5
05
05',
05
05
U K Of a B & I 37
3000
5000
1000
3000
6000
10000
27000
1000
7000
6000
66000
6000
1000
88
87
87
88
88
88
87
88
87
87
87
87
87
Union Pacific RR fd
5000 .... 77
10000 .... 77
25000 77
Union Pacific RR 4
6000 .... 8314
10000 83
I' c Rubber 6s
1000 87
2000 .... 87
5000 .... 80 li
1000 .... 87
4000 .... 87
7000 .,,, 87
U H Rubber 7a
1000 .,,,103
U B Hteel Corp Cs
1000 ,... 07
3006 .... 07
SOOO ,.., 97
NEW YORK STOCK EXCHANGE TRANSACTIONS
Dlv.
In
8nlm
300
600
200
COO
100
100
300
3000
100
1400
700
600
200
200
100
6100
300
100
3700
800
3600
600
30 0
ion
lono
loo
1300
100J1
loo
1300
200
too
100
stoo
loo
200
3100
400
100
300
3600
500
10000 11.50 Baldwin I.oeomotUe.
300
7200
MOO
100
400
1400
300
100
8200
300
300
too
400
20!)
(.00
500
')!)
100
1400
100
100
150
500
100
700
300
70')
300
1811(1
son
7000
4301)
.700
3800
300
1000
400
400
fl0
160
(00
too
1000
28110
1500
800
3110
70(1
,100
1000
1700
OOI)
460
700
200
100
J 100
200
1000
1S0O
500
4100
100
;ooo
1300
700
1200
3300
100
1000
200
300
6400
800
400
301)
100
UlOO
mil
700
too
100
101)
loo
icon
8600
5100
1000
800
100
300
300
100
400
100
1C00
2000
500
100
100
Hleh
. Aiiamn uxprcss 31
. . Advaflco Runiely .... 43W
fl AJnx Rubber 8.1U
.. Alaska Gold Mines .. 14
.. Allls-Chalmcrs 40
8 Am Acrlc Cheni ..... 93
8 Am Beet Sugnr ..... 05
.. Am Can 64
7 Am Can pf 99
3 Am Car & Fndry . ...130Vi
4 Am Cotton Oil 48W
80 Am Druggist Syn.,. 13
. . Am Hlrto & Leather, . 35
7 Am Hide & Lcatli pf,117
. . Am lea 47 li
Am Intermit Corp ...111
3 Am Linseed 08VS
7 Am Linseed pt 02 H
0 Am Locomotlvo 06
.. Am Malt & Gra'u ... 44 V2
Am Ship & commerce 20
Am Smelt & Ret C8H
Am Smelt & Ref pt. .. 9014
Anr Smelt See A 80
Am Steel Foundries .. 45H
Am Sumatra Tob .... 90fi
Am Tel & Tel 08
Am Tob See temp ctfs. . 69 V4
Am Tobacco jif now.. 1
Am Woolen 128 Vi
Am Woolen pf HM'A
Am Writing Paper pt. 55J.J
Am Zinc Lead & Sm.. 1094
Anaconda Copper ... 581i
Asbcts Realization ... C
Asso Dry Goods CI Vi
Alcll Top & Santa Vv. 85VJ
Atch Top & S !' pf. . 7SV4
Atlanta Blrm & Alt... 1
Atlantic Coast Line . . 03?i
All (iulf & W I S S..J7614
Auto Sales C tern clfs. 1014
.1U14
.101 Vi
.. 3414
. 49 V4
.111
. 20
. A
. M
4
7
6
3
JO
8
6
7
7
Baldwin Loco pf
Haltlmoro & Oho . . ,
Baltlmoro & Ohio pf.
Barrett pt
Bethlehem Motors . . .
Bethlehem Motor rts.
Bethlehem Steel 7.
Bethlehem Stl 8 pf . .113
Bethlehem S'eel B ... 95H
. . Booth Fisheries 13 V4
.'1 BfjoUlyn Killson 87 i
8 JJItlyn Rapid Tninr.lt.. 13
.. Brooklyn Union Gas.. 67
Butteiick 3
.50 Buttii Copper & Inc. . 9Vi
. Ilutto & Superior Cop. 36
.. I'addo Central O & R. 31
4 California Pack ng ... M)
10 Canadian Pacific 13394
. Canada & Southern. .. . 48
8 Culutnet & Arizona .. 03?s
7 CxsoJ I Thresh M pf. 00 Vi
5 Central Leather OS
7 Central Leather pC.lOS
4 Cerro do Pasco Cop. . 5094
H Chandler Motors 1.83
4. Chesafjeake k Ohio . . 87
.. Chi & VI I pf 13 T clfs. S
Chicago 'ill Western.. 8?8
1 Chi lit Western pf... 3394
Chi MU & St Paul 30T4
.. (Jhl Mil & St Paul pf. .VI Vi
7 Chi & Northwestern.. PiBi
.. Chi Rock Isl & Pac. 'fIYi
0 Chi R I & Pac G'o 1. W
. . Chile Copper 10
3 Chlno Copper 36
. . Clev Cln Chi & St L. . 1!4
0 Cluett Pen body 86
.. Coca-Cola 9Vz
3 Colorado Fuel & Iron. 41 Vi
. . Colo & Southern 23
4 Columb Gas & Hlec, . C3
1 Col riraphophone .... 699a
7 Consolidated Can . . . 84(4
3 Consolidated T.tllc 3IVi
. . Con Texlllo rts ',i
.. Continental Candy ... 131i
. Con Interstate Oil M . 1814
.. Corn Products Ref... 85
13 Crucible Steel 818
Cuba Ohio Sugar .... 01
7 Cuba I'ano Sugar pf. . 839i
9 Deuiwu.ro & Hudson.. 07
10 Del Lack & Western. .100 li
.. Denver. Rio Grande.
. . Denver & Rio U pf. . .
1 Domo Mines
. . Krio
.. F.rio 1st pf
. . Krlo 2d pt
8 Famous riayers-L .
7 Fisher Body pf
. . Flsk Rubber
,. Gaston Wins & Wig
6 General Cigar
8 General KlectHc -. . .
18 General Motors ....
6 General Motors deb
I Goodrich B F
.. Uranby Consol M & S. Mi's
. . Gray & Davis 48 Vi
7 Great Northern pt . . . Wi
4 Gt Northern Ore Clfs. 3914
. . Greeno Cananea Cop . .It
7 Gulf States Steel
(i Ilomcstako Mining .
7 Illinois Central
Inspiration Con Cop
Inlerboh) Con Corp
. Inter Con Corp pt . .
. . Int Acrlctll Corp . .
Int Agrlcul Corp Pf
. U',8
. . 13'8
, . 1394
. . 2094
. . 14 W
. . 8094
. . 105
. . 4194
. . 188
. . 73
. .IflSVi
. .338
. . 86 '2
80 li
70 Vi
71
88
6814
3
1894
1094
80
Int Ilarv pf new ill
5
7
.. Int Mer Marine) 58
U Int Mer Marine pf ,.10894
.. International Nickel.. 83 ?i
.. International Paper.. 75J'a
.. Iron Products Corp .. 30Vi
7 Jowel Tea pf 39
3 Jones Bros Tea 30 li
.. Kan City Southern .. 1
4 Kansas City So pt ... 45
1 Kelly-Spg Tiro ls'?4
. . Kelbcy Wheel ?8
3 Kenneeott Copper . . . 8894
.30 Keystone Tiro & Rub. 44
6 Larkiiwanini, Steel ... 8714
. . LuWede Gas of St L. . 39
. . T. Rubber & Tile,.. 38
. . i'4
3300 3.50 Lehigh Valley
SELLING IS RENEWED
IN MARKET FOR CORN
May Showed Strong Resistanco
at Outset, but Soon Gave
Way Oats Lag
Chicago, Dee. J'J. Expeditions of
i heavy movement of the cereal in the
icar future, with normal weuther con
ditions and supplies of cars, caused
'cucvcd selling of corn this morning
mil the market was weaker.
Local professionals were among tho
freest offerers, whllo commission houses
purchased on resting orders as prices
descended. May showed strong re
sistance nt the outset, hut soon gave
wnv. , ' -,.
Ucceipts here, today were JIM cars.
December opened 294 c lower, at
$1.42. January sturted nt $l.d(i to
$1.3514. against S1.37V4 at the close
Saturday. May opened at $1.3J94 to
$f.:i3V". compared with $1.334. Saturn
day's last price, and later sold at
$1 39i .
Oats opened about steady on. scat
tered buying, but the drop In corn
brought out increased offerings and
prices sagged.
Ileceipts were 89 cars.
Receipts of wheat here were 20 cars;
at Minneapolis, 003 cars; at Duluth,
0 cars, and Winnipeg, 433 oars.
Leaillnr futures raneed an follows
Corn (new dllvry) 13:J0
upen jiiKa uow ..p."".
Dewa .... J, Vi 1,44
Jan 1.35 1.37
Oat
Dec .... KHi 811
May . .. 8214 S2'
Test.
clone
(Virlr-
Jan ..,"37.00
hard
Jan . ,.33 10
May ,,.23.83
ibv ... in i.i
XtU. tAiUO.
1.43 1.4SH 1,44i
l.Si'i, 1.30 1.37U
814.
8J8
28.20
21.00
18. TO
W.W
23.00
23.80
2S.1B
3,00
Rt',4
82
30.S3
25.00
18.63 tl8.70
40,10 tl!U7
114,83
10,02
Low
31
43
8394
194
40
93
OS
B4K
09
1389
48
lt?
as
117
IV,
110
r.8i4
93 H
05
4412
38
0812
90 K
80
45
oo;a
98 li
r.894
9494
13714
10314
5's
1094
67 9s
(I
til
84
7894
794
394
173 Vi
10 Vi
ion 'A
101
33
47
111
3SH
w
94 14
113
94
KG
13
5.-.
3(t
li
3.V,
31
NO
13194
43
("194
91)
9194
108
So!4
133
50 Vz
'A
a
33',
38 4
44 '2
87'4
30! 2
(101,
1894
as 14
40
9314
39 i2
4094
!
oOJi,
.W
8314
:l'A
'A
13
I8K2
85
SIS
4054
3!4
UO 14
190
054
14
13 Ks
13'4
3094
1494
8754
105
4094
18
71H
10G
330 94
8014
7094
4914
48 U
7814
38)
3394
Wi
71
87
53
394
1394
10 94
80 J4
114
48
108
3394
74
38
3014
30
1594
4514
137
78
33 94
4 4 '
80
39
38
4314
1:30 Nit
T.at Chun.
94
334
14
3 94
!4
314
4
94
's
a
l
194
14
14
at
43
8394
1?
40
93
05 -
S4J4
90 --
13912
48
13
35
117
47 li
110 -C8K4-9394
90
-08J4-00J4
80
45
90J4 1
es'4 . .
c14
9194- 14
13714 .
1014 194
3514 94
1694- 14
57 94- ?i
- V4
011i l'A
8514 114
7894 ..
794 54
9394
17G14
IOI2-
looli-
101 -33
-
40'4
HI -
2894-
'4
95
113
01 -
1314
MO
1394
57 7
30 - 8
o(, 14
3514 -
21
so
13194- 1
42 fl4
(1394 3
o 14
9194 14
108 - 14
5514- 54
1'.'3
57 1
5 14
8J4 1
3894 1
3814
50!4 3?s
8894 194
3712 114
C094
1894
30
48(4
90
39(4-
40 94-
33
' 5914
M -
8H,4 4-
31U
!4
13 -
1814
85 -
312
50 54-
83!4-
0014-
199
054-
11
1314
134
309!
f
105
1094-
18 -
7154
108 14
7994-4J4-4814
-7814-
314 l'4
3394- 14
70H ..
71
87 - 1
53
394
1294
1994 ..
8074 14
111
48?4-
108 - Vi
3294 1J4
7154- 94
38 - 114
3974- 14
20 'e
10
4514 114
13794 114
78
3894
44J4 80 -30
-38
13H
li
314
1
14
14
3J4
A
114
14
14
14
14
14
3
A
54
314
4
54
"l4
14
li
314
654
"?4
14
114
14
li
Dlv.
Sale" In lllzli Low
300 13 Mgcett & Myera Tob .300 200
2500 .. Loft Corp .. 2094
100 7 Loose-Wiles B lBt pf.. 09
300 A Mackay Cos 0714
300 4 Mackay Cos pf 04
000 7 Manhattan Elev guar, joli
100 1.75 Manhattan Shirt .... 33
300 . . Mnrtln Parry 28
200 .. Maxwell Motor 34
200 .. Mnxwetl Mot 1st pv. . 63
10300 10 Mexican ePtroleum ..234
2700 3 Miami Copper
1400 1.30 Middle. States Corp
3000
600
300
1300
300
3.10O
1500
200
000
100
800
100
300
3000
Mldvale Steel &,Ord.
. Minn & St Ji new...
7 Mlnn.StiP & S St M.
. . Missouri Kan & Tex.
. . Mo Kan & Tex pf . . .
. . Missouri Pacific . . ,
. . Missouri Pacific pf . .
7 Montana Power pf . .
3 Mulllns Body
3 National Acmu . . . .
. . Nat Anlllno & Chem.
7 Nat Anlllno & Ch pt.
33
. C394
. 4914
. 14
. 7214
. 094
. 1494
. 27
. 4314
.100
. 50
. 364
. 68
8994
7 National Biscuit 110
, Nat Conduit & Cable, loli
000 1 .50 Nevada Con Copper . . 15
200 10 New York Air Brake. Ill
5 New "l'ork Central 0J4
. New York C & St Jj. . . 2794
New York N H ft II.. 30
New York Ont ft W.. 7
Norfolk ft Southern. .. it
Norfolk & Western... 98Js
Norfolk & Western vt. 87
North 'American 55
Northern Pacillc 83
5 Nova Scotia S & C. . . 7354
4 Ohio Cities Gas 47 12
.. Ontario Silver Mug... 2014
50 01:1a Prol ft Kef..,. O'i
ii OUa Elevator J;'
4100
1700
4300
700
200
3 00
300
700
6500
100
31100
200
809
100
3100
100
400
100
300
4590
50
0300
100
28900
301)
1000
111300
231)0
7100
2400
100
300
3S0O
190
300
3300
300
31)00
500
700
3000
100
300
9300
100
1200
1800 8
1400
300
1800
200
400
500
400
500
1400
400
11400
10700
3300
001)
you
2100
1030
500
300
800
500
COOO
3200
400
4300
200
300
200
4600
100 1
30i
100 3.50
100 10
100O
600
3900 3
300
100
300
3100
800
3.100
101
700
Ot'rt Steel 33)4
3'Owotis Bottling Maoh. 5114
I Pacific Development. . 7654
a PilcIlfJ Cas ft Uleo. . . 59)4
Pacific Tel ft Tel 3714
C Pan-Amor el'trol ft T. 10714
. Piin-Amer Pet rts .... 14
. piin-Ainer (B) lOS'i
.1 Parish ft Bingham... 4094
3 Pennsylvania U It 4194
. J'enn Seaboard Steel.. 34
Peoples CJas Chicago. 35
. Pero Marquetto 2914
3 Philadelphia Co 3014
. Pierce-Arrow Motor .. 37 !4
. Plerco Oil 3014
8 Pierce OH pf "J.
4 Pitt C C ft St U 0Vi
. Pittsburgh ft W Va.. 3994
6 Pitts & W Vn pf 7514
." Pittsburgh Coal of Pa.'3'4
1 Pond Creek Coul .... 2794
8 Pressed Steel Car .... 100
n Pullman '354
Ji punta Alegro Sugar .. 9114
3 Hay Consolidated Cop. 3014
1 Itduelng 78
3 Heading 2d pf 3114
lletnngton Typewrit.. t94
4 Hepubllo Iron ft Steel. 115
(I lletiubllc Iron ft S pf. .100
Ilepub Motor Truck .
iO Koyal Dutch NY . . .
. . Ht Ij San Francisco.
SI Ji San Fran pf . . . .
St Ij Southwestern . .
0 Savagu Anns
Saxon Motor
Seaboard Air Lino pf. 14
Etli
99
1714
3114
13
7414
1414
ilMirs-Itocbuck
6 Sloss Sheff S & 1...
1 Shattuck Ariz Cop . .
. . Shell Trans Trading. .
. . Sinclair Consol Oil . .
0 Southern Pac'fla . . .
. . Southern Hallway . .
5 Southern llailwiiv pf.
1 Stromberg Carl) ....
7 Studebakcr
3 Superior Stool ......
. . Third Avenuo ...f ..
. . enn Cop ft Chom , . .
10 Texas Co .....".
. . Texas Co lis
. . Texas & Pacific
6 Tobacco Products ..
7 Tobacco Products pf.
. . Transcontinental Oil.
6 Transue & Wins Steel
1 Twin City It T
. .' Union OU
10 Union Pacific
Union Pacific pf
United Alloy Steel ..
United Drug 1st pT. .
United Fruit
Un Ky Investment. .
. On Ky Invest pt
3 United Ketall Stores.
. U S C I 1 ft Fdry...
. U S Express
tt o l.Vv..l PrnilncLs. .
8 U S Ind Alcohol 10814
. U S Realty ft Imp 4194
8 U S Jtubber ;''!'ff!l?
8 U S Tluubcr 1st pf... 11314
11 11 Mmtll II ft ftl. . . . I"
3714
. 72
. lt4
. 78 A
. 444
.105
. 23 Va
. 5914
. 7414
.104
. 4054
. 1114
. 10
.33014
. 6014
. 4414
. 9314
.103
. 3994
. 0314
. 3514
. 3554
.13114
. 6694
. 51
. 5314
.30194
. J 194
. 3594
. 9394
. 23
. 3494
78
25 J4
90
0714
04
39
33
25
33 14
0314
31894
3315,
03
4894
1314
7314
014
141i
2694
4014
100
4894
3694
00
8994
110
9J4
1414
111
0914
3594
38
io?4
11
0714
7
64
8094
7354
4314
914
9's
13.1
05 's
6014
ii
5014
3714
10494
14
103
4094
4014
3314
394
3894
3594
3594
1014
101
00
3794
7514
03
2694
99 J4
1314
93
3914
7714
31 14
8014
11314
100
6114
0894
17
2114
13
7414
IH4
1394
237
73
11.94
7814
41 14
ion,
BSJi
68
7114
104 14
4614
llli
10
239
0014
4394
034
103)4
3914
0314
35
35 J4
13394
0054
5014
5314
30194
1054
3454
93
31 14
3494
78
10614
4114
124 J's
11314
74
1094
1:30 Net
Last ChKe
100 m
3094
99 -0714
04
14
54
1
14
114
Vt
?4
'A
38 -
33
25
31
03
21894 114
2314- 14
03 -
48&
14 7314
100
4914-
3094
00-3
8954
110
9J4- 14
1434 ..
Ill
0914 14
3794 H
23. 1
17 14
11 114
98U ..
01
05
"8094-
73 's -4
14-
9!4
914-
135
3514-
5914 1 ,
7554 114
6914
3714 114
10194- 194
14
103 -4694
4014-
3314
3894 5s
30 14
3014 -31
1914 94
101 -
00
28 12
7514
63 I
2714 too -
1314
93 son
7714
34 14
51 li
31 !4
13
7114-
1414
11
337 H
73 -
1194
7814 I
4114
105
33
5914 f
7414-
101 91
4014
1114-
10
339 14 14
0014 14
4.114 94
93)4 114
94
94
14
14
1!4
114
14
14
14
14
54
I
1
94
114
14
"94
14-
14
1
14
"l4
's
Vi
14
94
14
Vo
314
14
Vi
14
103)4
3994
0314
35
3554
131 14
0054
50 Vi
es 14
20194
1194
8414
0354 194
33
3494 14
78 J4
10814 214
4194 94
131 H- 114
11314 !4
75
4094
" " - .. .. -ri o Ht ..P lata.
100 3.50 U H smell n - i- - 7 -JJ7. ,05k
14
94
14
94
T4
s
114
H
8300
200
1000
200
700
300
1000
1500
500
600
200
200
300
1200
700
1000
,400
60)
78i'
tiJI)
100
R U S Steel
7 U S Steel pt
0 Utah Copper
. . Utah Sco
.. Vanadium Corp...,
4 vd-Carollna Chem
. . Wabash
. . Wabusli I't A
.. Wells Fargo Exp. .
w..ti,rn Maryland
wont Maryland 2d pf . 18
4 AV'estern Pacific pf... 50
7 Western Union Tel... 87 J4
1 WtistlnEhousc A Br.. 11372
4 Wcstlnghouso E & M .
.. Wheeling ft 1' Erie..
.. Wheel ft L Erie pt...
4 White Motor
1 Willys-Overland . . . .
7Wlllys-Overland pf .
6 Wilson ft Co
Kii-dlviaond. t lix-rlshts.
11394
7314
10 Vt
68 Vt
07
854
2314
63
1194
64
13
20
CO
2814
b8!4
81)4
11314 11314
7894ft 7314
10 1014
5814
0014,
894
23
6214
U14
18
56
8714
11314
5.114
13
10)4
6954
27
88
8114
14
14
14
58 114
00- Vt
854
23J4
33
1154
18
60
87)4
11314 51
13
20
81)4-
Philadelphia Stocks
Net
2.P.1H. che.
II lull l.w
200 Am StrH. 3D '.'.'.)
447 Am Gas. 45m 4,"i
27 Anvil pf r.79i f.GVi
20 til & O. 33 33
10 ta!d Ij.
prrf ...10194 10194 10194 Vi
70 El Stor.. 131f. 13394 134 494
300 Gen Asp. 112 112 112 1
30 IDNA, 35 35 35 . .
UOO I.lc S Cor 20 20', 20
335 Leh Nnv. ti3 KVZVi
1082 I,ch Val. 43 42
100 li Hehuyl 41 41
30 Nor l'u.. 819s 819
2801 Pa It It. 41 40
77 Pa Salt.. 71 74
00 Phila Co
cum pf 3194 3194
288 Phil Klec 21 24
1020 P It T tc 27 27
iriO I'll Tract fjmj 50
400 Ton llcl. 2 29s
2335 Ton Min. 2 1
1005 Un Tract 349s 34
13-10 u u 1.. . .1- OI'JS
r.oij i'j
33
43
41 2
811
41
7-1 Vs
3194..
24V..
27'...
50 V4
8.. ..
80 tU S Stl.l05',8 105
31,.
105 l
tNet change matlt. bv comparison with last
sale on New Vork. mock Kxchanve.
Net
chire.
-
94
Kales In' HONDS
11000 t Illah Low 2 r in.
ICity -Is Ml 07 Vi 07a 07j
10 Chi M fit P 53 53 53
33 Elec & Pco
Tr 4s ... CO CO 00
17 Leh Vnl gen
4s 0094 OO'j 0094 Vj
1,20 Mb Ilonds
!M 4s.. 03.30 03.30 1)3.30 .24
30 4th 4s. 01,02 01.20 01.02 .OS
. 0 Phila Elec
1st 5s ... 87 SO'Ji 8094..
D Pub Ser Os 5S. r8V4 r8l
7894 Vi
2 Itead gen 4s 7894 789
GOVERNMENT BONDS
Panama coupon
ra
1030.
nimi reElt.terd 2s. 1030.
Panama coupon z. less, . ,
ruiiunt reaisiersa -
ran
Pan
JHtlllpph
Uhali
SUPPORT IN COTTON
CHECKED BY CABLES
Trade of an Evening-Up Char
acter Market Steadies
After Opening
II 1,1 Ask
., oovi linn:
, . OOVi 100I
.... .. .'".yi
iiikn. . . . iiu.fa iiin
ama coupon as, ivoi . . ,. .,xns9 viift
lima rltUri-i1 !f. 1001..,. A DO 14
M- 1983,.. ..i.iirt OS 98
COTTON BUI.T WEATHKP. CONDITIONS
New Vork. Doc, 32. Tho t ollowlna- ttm
poraturts wi-ro recorded In ths cotton Doit
this mornlnr .Nashville. Fort Bmlth and
Oklalwma Cltf, 3D: Memphis. Knoxvlllo
and Atlanta, 32: Wacon and Little Itotk,
34! Wilmington and Aueusta, 30: Bhreve
port, Han Antonio. Vlrksbunr. Meridian,
Montgomery, Savannah and Jacksonville,
4(1: Charleston, W CorpuB (hrlstl. 41:
Tensacoltt and Galveston. MtjfNew Or
lenns, .12, and Tampa. M. There was
,01 Inch of precipitation at Savannah
and New Orleans-, .0(1 at "VlcksbuW .0.1
at Pensacolai ,0U at Tampa and I.Oj at
Jacksonvlllo.
New Yorlt, Dec. 22. Trado in cot
ton ut the opening today seemed to he
more or lew of an evening. up char
acter, with December up 40 points, ou
eleventh-hour covering, und tho bal
ance of the list unchanged to 18 points
net lower.
Liverpool nud tho South wore mod
erate tellers op tho call, while support
seemed to bo scattering, checked some
what by poor cables. Steadiness pre
vailed nfter the opening, with prices
about fi points net lower ou March.
" Notices on about 000 baleswere re
ported. ,
Iteccipts-nt the ports for the day are
estimated nt 30,000 bales, against 31,
002 bales a week ago, 20,104 bales a
year ago and 22,101 bales 'two years
niro.
Previous
close Open
December 38,30 37.75
January 86.88 30.70
March ,. 84.71) J4.2
May ,. ,..,.,.,.,. 33.70 32,03
Jptobjj' ...... .... iji S8j85 ,Silj,'!t!
11:00
la.tn.
80.78
31.03
CO.OS
Jit if
NEW WEEK STARTED WITH
LOCAL STOCKS STRONGER ;
Substantial Advances Made by Higlt-Priccd Specialties Rail- j
roads tho Bright Spots
Tho strength of tho railroad shares
constituted the lending fenture of the
local market. "While this movement
was made largely In sympathy with the
similar tipmnrking' in tho New York
market, it nevertheless lent u strength
ening Influence to the general list.
Tho fairly active buying of Pennsyl
vania Kallroad was the outstanding
feature, advancing the .price to 41.
Iicblgh Valley was a good second, ris
ing to 43. Lehigh Navigation on tho
same imptilso was held firm at 03.
in the purely focal list the only wide
specialties. Electric Storago Batter
on small sales sold up to 134. The t!o.i
mand disclosed a very limited supply
of stock In sight. General Asphalt com
mon was $1 higher nt 112, bringing tho
price more In lino with the curb market;.
Other changes In the local stocks were
confined within btnall fractional limits.
There was a jnoderate demand foi
United Gas Improvement nt 52. Ameri
can Gas was unchanged at 45. Phila
delphia Electric was tirm at 24.
Philadelphia Ilapld Transit lost and
changes were made iu tho high-price galncti between 27 and 27.
DIVIDENDS DECLARED
lluntlneton Development and das Co.,
quarterly H4 Per cent on .preferred, pay
able January 2 to slock oil record Decem
ber SI
raclflo Telephonoond Telegraph Co., quar
terly tl-bo on preferred, payable January
1(5 to stock of record December 31.
Miiluat Gas and talent Co.. troiulannual
$1, payablo January 10 to stock of record
December 20.
Pittsburgh, Coal Co. of Pennsylvania,
quarterly 1'4 per cent on common and 1'ifc
per cent on preferred, payable January HI
to stock of record January 0.
Transui and Williams Steel Co., quar
terly tl.'-'V payable January .11) lo Block
of record December 30.
Amerlpan Eeedlni? Muchlnc r'o.. quarterly
l1 per rent on common and 1 rr cent on
preferred, both payablo January 1." to slock
of record December 31.
Central Coal and Coke Co.. quarterly
$1.L per elmro on preferred and 11.50 on
common, both payablo January 1.1 nn
reaiatered December 31.
Central and Houth American Telezriinh
Co.. quarterly 11.7.1. payable January 14
to ptoek of record December 31.
Mexican Oil Co. n flnol dividend of 40 per
cent (about $2) for this year
Ilobert Ilels Co. Initial $1.7.1 on lirst and
hpcond preferred, payable December 31 to
stuck of record December 21.
No Change in Refined Sugars
New York, Doe. 22, The refined
sugnr market Is unchanged thii morn
ing, local refiners quoting on the basis
of lie, less 2 per cent for cash for tine
granulated. The United Stiitei equali
zation board made no purchases of raws
oil-Saturday.
Prices Irregular on Paris BoUrse
Paris), Dec. 22. Prices were irreg
ular ou the Hotirse today, Three per
cent rentes were quoted nt 00 francs ;
exchange on Loudon, 40 francs 15 cen
times; 5 per cent loan, 88 f runes 20
rentliiipx. Tho dollar was quoted ut 10
francs 00 centimes.
South America Gets More Gold
New York, Dec. 22. Gold coin
nmomiting to ii!2.0.")0,00() has beea
withdrawn from the Subtreasury for
shipment to South America.
FOREIGN EXCHANGE
New Yorlt. Dec. 22. The foretell
exchange murket opened strong this ,
(..,, lH ,1 -.1 .4 II . 1...!u ........ "MM
milium;, iiciliuutl MtTilllK IICJIJK HliUL'Mjigtfw.1
at 3.8iy, and cables at 3.82'j. FrnrfeST
were niso quoted ut an advance, clirclW ,,,!
being 10.07 and cables 10.03. Mm li
held steady at 13.15 for cables UfeS 3!
i.s.j.1 lor ciicckh.
Other quotations were:
Swiss l."liccks, 5.50, tables, W-t
Holland checks, .'17, cables 37,i
Spanish checks 10.55. cables lO.ti.j
Stockholm checks 21.45, cables 21.110,
Oliristiuuia checks 2(1.00. cables 20.7" -i
Copenhagen checks 1S.SI), cables 111.05 j
llclgiau checks 10.52, cables 10.5 .
marks 2.13,
41
BANK CLEARINGS
Hank clearlntrs today romimrcd will)
responding duy ln?t two years:
101H I0IS H"..
Phila. .$70,121.13.-, $(l(!,i)73,702 $S,3TIVJ
wl
i MONEY-LENDING RATES
. ic mull .uoncy on can opcui'i fim
todny at 7 per cent for lending and I Wifm
iicwiug. V "
PHILADKLI'IHA Call. (! per C( .
time, I) per cent : cnmnicrfiul papi i
three to six months, 5-'!4 per cent, tx'M
six mouths, ti(H per cent. T
LONDON Mtinc is ipiotcd at 3 per
cent. Dlhroiint rates, short bills, 5
per cent ; three months' bills, 5'K pel'
cent.
London Metal Market
New York, Deo. 22. Cnble advices received
at the New York. Melal Exchaneo this mom.
Ins quoted prices In London as follows! Tin
Spot 0.125 fin, an advance, of 2 17s fldff'J'
tures. t.WO 1,1s. n Bain of .1 18s: straits,
32., ir,. un upturn of 3 5s. and Singa
pore, 32.1. a vain of 1 Safes Spot, 00
tons: futures. 7(H) tons ond Slnaapore lion...
standard copper Spot, 104: futures,, 101
ISs both unchanitert. Pules Spot, no tons:
futures. SO tons. Electrolytic copper Snot.
111.1' futures. 118, both uncivilised. Lend
Spot, 13 los. an advance of 2 lis: fu
tures. 14 2s fd. en tint urn of 2 12s (W.
S-'pclter Spot. 53 15s: futures 34 10s, both
up 10s
U.S. GOVERNMENT BONDS
ALL ISSUES
$50, $100, $500, $1000 DENOMINATIONS
MONTGOMERY & CO.
NEW YORK PHILADELPHIA CH,CAQO
TELEPHONES. Hell, Lombard 4320. Ketone. Main 2381
(fovernment tSccurlllrs Department
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W
6 1
unicipal Bonds at Par
FREE FROM ALL FEDERAL INCOME TAXES
Wc Own and Offer:
$220,000
Dallas County, Texas, Levee District 6 Bonds
Having sold $120,000 of this issue, we offer at par and accrued
interest the remaining; $100,000, due as follows:
$6,000 Nov. 3, 1940
9,000 Nov. 3, 1941
10,000 Nov. 3, 1942
10,000 Nov. 3', 1943
11,000 Nov. 3, 1944
Dated November 3, 1919.
$12,000 Nov. 3, 1945
13,000 Nov. 3, 1946
15,000 Nov. 3, 1947
10,000 N6v. 3, 1948
4,000 Nov. 3, 1949
Denomination $500. Princinal and
semi-annual interest payable at National Park Bank, New York.
Levee District No. (i contains 5,000 acres of some of the richest
farmland in the world, being in the famous Black Waxy Land Belt
of Texas, 16 miles from the City of Dallas, producing Vz bales of
cotton, 100 bushels oats, 65 bushels corn, 35 bushels wheat to the
acre. Present value of land $100 to $200 per acre.
PURPOSE: Protecting the land from occasional overflow from a
small branch of tho Trinity River, caused by excessive
rainfall.
LEGALITY: Authorized by Act of Legislature, approved by
Attorney General of Texas and Attorney Geo. S. Clay,
New York,
iiguirc for OfrcuMr Aro. 1618 ttffjy describing this issue.
Price of Any Maturity Par and Interest
The Hanchett Bond Company (Inc.)
MUNICIPAL BONDS
39 South La Salle Street, Chicago
Philadelphia Office, 624 Perry Building
Spruce 5240
C. B. KOBBIN, Representative
Gilmer
SOLID WOVEN BELTING
Not the least of the reasons why Gilmer
has been able to maintain unvarying
high standards of quality is that every
step in the manufacture of Gilmer End
less Belts and Belting from raw cotton
to finished product takes, place in
Gilmer factories.
Modern plants in Millen, Ga., Alfcn
town, Pa., North Wales, Pa., and in
Tacony arc running in full production,
but with every detail guarded by pains
taking methods and inspections.
L. H. GILMER CO.
Main Office Tacony, Phila.
Factories in
Tacony Allentown North Wales Millen, Ga.
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