',-n ."v ' --"? ff .Hffij. - ,,- i4v .y. "KtT' "TTti KBrpr"! 14 EVENING PUBLIC LEDGER-PHILADELPHIA, tttTESDAY, DECEMBER 30, 1019 What's NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS RW '1'y,"MiK"''" $"' S" f. I Coming Babson's Investment Bul letin, which will be off the press about January 1, will carefully analyze the "Out! for 192" It will discuss the extraor dinary conditions of the stock and bond market here and abroad. As we face a period of rad ical reconstruction this bul letin is of intense interest to investors and bankers. Report on Request ' A few copies of this Special Bul letin arc available for distribution to interested investors, gratis. Tear out the Memo right now and hand it to your stenographer when you dictate the morning's mail. Merely ask for Bulletin 34 A J Tho Babson Statistical Organization Wellesloy Hills, Mass. Lariat Orpinuatwn of Business Advisors in the World TEAR OFF HERE j MEMO for Stenographer I I Write Roger W. Babson, President J 1 of the Babson Statistical Organi- Ization, Wcllesley Hills, Mass.. a3 . follows; Please send copies of Bui- I letin AJ "The Outlook for I I 1920?" and "Gctlins the Afost I from Your Mono'" gratis. UNCERTAIN MONEY MARKET KEPT PRICES VER Y RAGGED Recessions Disclosed Same Quiet and Strong Underlying Buying Demand, Keeping Traders on Their Mettle New Yorli, Dec HO. Tho unccrtnlti 115'A. American Ixicwnntlvc followed IllnllPV sitimtlnn n.n! nun In u-nlnli Willi II Kaill 01 "I U 1WJ nnon the stock mnrket nt the lrrcRtilnr oponiiiK this morning, (inliio of 1 to o puiniH in tiie better Known oil, con ler. rnilH nnd lornl utilities were off set by declines of 1 to -1 points In NteeN. shippluRs. leathers anil kindred issues. The initial tcccsMons, however, dis closed the same quiet but fclronK under IjiiiK lmylnR demanil, so that by the end of the first thirty minutes the mil joritj of the netive stocks were back to and above yesterdaj's final quota tion". L'nited States Steel declined 1 point to lOlv's and then rallied to 10.VK,. Baldwin Locomotive was in scant sup ply and made a gain of 'i to 111, and Republic1 Iron and Steel moved up Vi to The leather stocks showed n lack of j support. Central Leather lalliUK & to I ir.l ...! I ,i..ii.!,iti Tll.ln nnl T.eulliAi lit Hi ll'KI tllllllnuit . .......... preferred dropped l to llS'i, from which It rallied lo IIP. lu the oil group Mexican Petroleum opened up - points at 'Jlli'i and after reaetlng to 'JlO'.i rallied to ill. Uoyal Dutch of New York made a cniii "f li,i to tins',. Studehuker reflected continued nccu tnulatlou. being nctlveh- traded in ami advancing l'i to lOt!'. American Woolen, yesterday s con spicuously strong feature, lost almost four points at the outset, but Imme dlatelv rallied. The tone became heavier again' by the end of the first hour, (len eral Motors reacting !! points. ' The Following Bonds Easton Consolidated Electric 5s Lehigh Valley Transit First 4s and 5s, Also Consolidated 4s Scranton Electric 5s Citizens Light Heat and Power of Johnstown 5s Harrisburg Light and Power Company 1st and R. 5s Philadelphia and Western 5s Mahoning &'Shenango Railway & Light 5s Pennsylvania & Mahoning 5s West Penn Power 1st 5s HARPER & TURNER INVESTMENT BANKERS Stock Exchange Building Philadelphia I Philadelphia Markets PROVISIONS Trndo wui niit nml larcely of a Jobbing rhnrnrtiT. but prifpn ruled steady. Quota tion lloef. in mm. smoked and nlr-ilrlril. .iJic. -In, knucklm anil tenders, nmolu-,1 and alr-ilrimj. iilc; pork, fumllv. jr.4: hams, S. I'. euril, lonpo. SO'S'STr. do. skinned, loose, I'lWailr. do. do. nmok'.l. W2Te; do. boiled. Iionelesw -Hie; tilcnli- BhollldiTC H 1'. rur-d. ,,n,, hi- . do. smoked. 1T.V, bellies In plrkle. Imo.h. , L'cl, . breakfast toeon .12c. lurd 27c. REFINED SUGARS Ruppllc wero small and the mnrket was unrlinritff! t.u a bail of H fills fur lino gTllhulutt d. DAIRY PRODUCTS ritnKSC ruled steady on tine held Block, for vhkh tlier was n fair demand. The quoluilons Now Vork, whole-mllk Hats, hold t-itirj. 33c- held specldls higher; held, f.ilr to 80od Hilt? 32 toe; freah-made, best. 32 -a .la '4 c do. f.iir to sood aiftxl'scs wis convln. uhoiv-mlllc Ham held, fancy, 32V5 8 Mi: h. Id fair to eood. 3ti li ! jobblna Hiilra of fancy hrld Rood at O.Vjjmflc. POULTRY I .I'n Tie' market ruled firm with sup rll'M ,,f tine dc-Orahle-aized stock M1 i-lpun.'d up iji.ot i t(,ne I-'owIh. fine fHt. unls-hltis & lb and m. r apiece III (f.'Mc; fowls, tnudlum tl yood fiualltv ."U(P)a2c: do, poor. 24'(t' 2vr. Iiroillnir rhlfki lis, fancy, naft-meated. vi'lphln I t fn '1 IbR nplece ai)(fi4l)c. pprlnt; i hlck.'iirt, .ieiaKe Mif t-tneated. 3U4ll.12i'. do. Inferior 2i2So; old roosterB. 21'22r, dui-ks. hlt- t'ekln. mit3se; do. Imll.in Jlunner ;i2'iinic: do. Mueovy. nnti32e. v 2l'y2ti turkes, I54io0o; pli uni, old i'ir no lr 32c a.V; do. youni;, per Piiir. I's'o .'HI'" guineas, younit. per pair weighing 2 IIin and over notice, olump, $1.5oral tl.,. uriKhln l'liffl'i Ihs. nplece. Sl.Siift 1.40. uelRhlllB Hfl' lbs. aple,-,., OUcMJlld. m!ii'.i.s. nid prr pair, s.i c IMlc. FRESH FRUITS iH'mimd urns onlv moderntn. but alui-s Knit-rails1 ruled steadv on follows: Apples, p. r barrel, as to Quality, $4ffe8; do, per box. Wiil.l 50 frnnbrrrle, per barrel, tlLSOfl 0 do per crate, $2 2,"t'.'i.2."i. Oranges. Cal ifornia. pr box, J'.'.ir,' Co:,: do. Florida, "er box. S20. Tangerines. Florida, per half box, Sl.r,n4.15. Ompefruit. Florida, per Kix. fl3.50. VEGETABLES rhoiro stock hold fnlrly and prices gen erally mled firm as follows: "White pota I toeH, IVnnsylvanla. per ewt.. S.1.r,0fr3.7: do. New York, per purl., S3. 233. 111. Sweet Southern No. 1. per barrel. rK per hamper. St. 33 il 2. 23: Jcrwey. per banket. SI.23W1.30. Cabbage. Now York and Danish, per ton, $r,.-,(f 1110. Online, per lDO-pound Slir k Yellnn , No 1, JOB 0 .-.H. New York Bonds potatoes 4.30. do. $60,000 City of Phila. Coupon and Registered 4s Price: 98 and Interest Biddie & Henry 1 04 SOUTH FIFTH ST. Edward a Budd Mfg. Co. 8 Pfd. Stock Price: 99 less dividend yielding over 89o 1 Circular on request. Townsend Whelen & Co. 505 ciiestntt sTRnirr BUSINESS NOTES Aclnmn Expre" Bonn .... f'0 Am Tel & Tel 5 17IKMI HO 1 10110 ... M'.'i Am. Tel & Tel Ca shoo .... an Anslo-Frcnch 5s noun 0D00I) . . 31)0(111 . . 3001) . . 110110 . . 311000 . . 10000 .. Armour 17000 .. Atl Chnr loot) 03 13 . . nr.n . . IiJ'H . . 03 13 . . !)31 . . UTiVi . . 03 13 ; Co 4 Vis .. l Tf Ss . . 88i United Kingdom O. II. 4. Ireland O't, ll)'; .lonen Lnughllii trel (iiiiiaiij 5, 10311 lirorcla Bnilxtay A; U'rrtrlr Id. 3k, III;!; IIP 1'ortland 'IlnllBHJ, uglit A. rower ,ih, lrt. IVarno & Northern Imliana 'lr. fte, 1'hlladtlphU lyeetrle romiiin 0, I.ehlsb Coal : Navigation fon. In. i enn central i.igni a rowrr . o, IMS lll.'ll 10'JO 111 IK 10311 Jhlch Coal & NatlEutlon ( o. l'A-1. 10'! 1-3 1 Indianapolis Tructlon & Terminal St., 11133 1'hlladrlphla Co. Ibt & Conn. 5. 10 10-3 1 Kanton Una WorkH Computn Ilrnt 3, 1930 I'nlon Uullway, 0a A Kleetrlo B, ll)3! Indiana Itnllwar Company HrM At., io:io JoUnstowu Traction Company lief, tin, 1013 Samuel K. Phillips & Co. Members IMilladelpIiia Mock Uehanice EOT Chentnnt si. United Trae. l'ltls. Oen. 5. 1007 I'. S. V. Newark Ter. On. 1033 Portland Itur. l.t. X I'. 3i, low JaekttniiTlllf (laa 5. lOlj I.fhlnh I'. See. Va. 1937 Tampa dan 3s. 1037 raelflc Lr. A I'. fin. 1912 Atlantic Cltv Ons fl. 19(10 Met. Kler. (Reudlng) 3. 1039 Amer. (.as Deb. Hi, 2010 lWt l'enn. 1'. fi. III1G Amrrlran lie K. i: On. 1912 HENRY D. BOENNING & CO. KTOCK i;.CIIANOK liril.DIMi Dlrnt I'rhate Telepliono lo New Vork i Members I'hlla. Mock Kxthancn Willi almost iiucir speed tlio retail stores liuve pot hai-k to a "pracc-tiino" basis, anil the only real remainder of the Christmas season is the large num ber of sifts Unit arc being returned for credit or exchansc. Willie (lie women's neckwear trailo lias been iiiet for some time, better thiiiKS are expected with the turn of the year. One of the main reasons why the niatinfiieliirers believe Unit the spriiiK season will lie a fair one is that the type of dresses popular call for the use of neckwear. Although ImyiiiK of women's wear for sprius has been a cautious busi ness so far, dress manufacturers ex pect to see an active demand with the coming of the now year. Indications are now that dresses will be the prc- icrreu carnienc lor me spring. The era of extravagant buying which the government is trying lo brilig to an end, in order to take (he high cost out of liing. i- biiring particularly hard on the retail credit man. Not that it is making living any more expensive for him than any one cb", but because, it adds considerably to the uncertain ties of bis work. Tho general trend in imported shoe fashions continues to lie toward low shoes of complicated design. Some high shoes are also being received in asmuch as tho short skirt is expected to bo popular in 1020. Several prospective buyers nro seek ing to place large orders for tie silks nuil linings iu the silk goods market. In most ccs-cn the buyers w.tnt to take the entire output of several iooms for the coming j 'jr and are willing to pay advances above Ihe present market price lor (he prh ilege. Ill Iho (.pinion of one garment man ufacturer, if conditions continue to be unsettled as they have been in the ueedle trades, it won't be necessary for women to adopt uuiforms in order to keep down tho cost of living. Ho re marked that the tendency to restrict the number of designs was never more marked than todnj. In the ease of coats for spring, he said, there will be two or Ihree stlcs that will prob ably carry the great bulk of the busi ness for the season. Prices continued (o strengthen in the market for gray goods jesterday, al though the amount of business trans acted was not large. December-January sales of eastern SSVi-iuch li0-4Ss were made nt 10 cents, while spot busi ness wns done on similar mnrkes of '!!) inch tlS-7L'" at 2.") cents. Spot :i8i ineli 01-00s brought 21 cents, while rrbrunry-March lots of the sumo con struction sold at '-O'j cents. Included in the limited sheeting business of the diiv were sales of December -February deliveries of 10-inch 88-SOs, H.no-yurd combed luwus. 11 A. o Pitt L, U fc V Vu. System 4b 200(1 33 Mi llaltlmoro & Ohio cv 1 I00O .... SH'!i 100110 .... 380't Bono .... 3M' noiiiio .... no 53000 3 Mi Baltimore & Ohio Is 311(10 .... 3 Vi Unltimoro & Ohio 5s toooo .... r,l 30(10 .... illli Beth Steel 5s of "it UOtm s?h Brk Rapid Trans "s 7(100 .... HI Ches & Ohio cv lVis 50000 .... 70 'i Ches ."i Ohio cv 5a SHOO .... "OOs 10000 .... 101,'n 100110 . . . 70Tii CM & Alton 3',-jS 3000 .... 30 23000 ami Chi II & Quincy 4s 3000 .... II." 3000 93 Vi Clil & Grt "West 4b 10000 .... 5I!K Clil M & H V cv Bs 13001) .... 03 3000 . cm n & 1000 . 3001) . 1000 . 12000 . CM ei West lm! 10000 .... 3S CMlo Copper Co Bs 20000 .... S3 10000 .... S3 10000 .... S3 23000 H4!-i 1(1000 .... S3 1000 .... S3 City ot Paris Os 10001) .... D2' 'i Pacific fd . . . ii ii ',4 . .. r.ii'tH 07 43 1500(1 jooo' 2000 moon 3000 20110 112 Vi !IS4 02 Vi 112 V'i !)2 Vi OS Vi Annual K1ertlon ttSSr TUB CENTRAL NATIONAL HANK -' Or 1-IIII.ADKI.riIIA Philadelphia, Deeember 13. 1010. The Annual Meeting of the utockhnlderil of the Central National Hank of I'hlladel" iilila will be held at lha banking houne. M M. cor. Che.tnut and 5th stR., Phila delphia. Tuesday, January 13. 1930. hetween 11 a. m and IS m.. for the election of director ,l.ld foi Ihe purptiMe of taking iftlun ution an anendmetit ti. Arih-ie 3 nt the articles of axRoclHtlon, :ii h treata of iuo iiuinucr ui uuecior 10 ue elected at rach annual mretlnB tho proponed amend ment betni at followe: p The board of directors ahall consliit of not le than eleven or more than nine "leeu atockholdera o ehall be determined by "the board of dlrectora nrlor to any retru "lar annual meethut of the etockholdtra of "this amoclatlon. the number ao provided "for belne continued from year to year "until changed by resolution ot the ald (-board, .nd for the tramaelliin of any other buN ne pertinent thereto. WJI. V. CO.VIUD. , Vice Preeldent. TtdLr T"B I'ENN .111 Tl,T, "uFsZ rhlludelnhla Deeember 0. 1010 The Annual Jclectl'Hi .for. nine trualeee tn erve three yeare will be held at the home fftoe of the fomnany. In the Penti Mutual ulialM.. ?tn and Walnut t., Philadelphia. Te,, on Mouday .January 3. 1K0. betweea Um Jioura of 10 a, . m and 8 o. m, JOHN nUMPinifiTB. Secretary and Treasurer, ' City of Toklo 5a loooo .... 5K C C C & St li cm4s 10000 .... (Ilia Colo & 3o Kwy 4Vt3 3000 73',; Consol Gas Co cv 50000 .. . '.)!)'. 4 Del & Hud Canal cv 200(1 .... k:'h Dc-t Unit Ilwys 4rtB 1000 ... (17 Vi Erl- ltatl ltd cv D liiioo .... 3d V Great North Ry 1st 12000 S3 Illinois Central DVjS loon .... 0SV4 Indiana Steol Co Cs 1000 .... 92 1000 .... 02 Int Mer Marino 6s 3000 .... StVi 10000 .... 0Vi Inter Met Co t 4s 100000 .... IO'j interb Mot Co 4 Vis 5000 .... in Int Rap Transit fd NEW YORK STOCK EXCHANGE TRANSACTIONS 1 1000 21000 0II0II 5000 13000 3000 30000 10001) (I00OII 11)000 10001) 10000 l coon 10000 10(100 12000 5 1 a; 5 1 Vi RI"h a i 'i Sl'.i 5 Hi .".Hi 3SV4 55 Vi 55 5(1 35 Vi 55 3 Hi 51 Vi 55 loooo .... Bftr'A 2000 .... r.5,i 5000 .... S.VJt 20000 .... 50 100(111 .... 55 Vi 100(1 .... 55 Vi K (' V S .M Ity 4s 1000 .... H5 L SSJIS Is of 23 10000 .... SO'i Lex & Kast 5s 10(100 .... HS L.Rirett & Myers 5s loon .... S3 I sited .t O Co 5s 2000 .... 3 M K & Tex 2nd ct 5000 .... 24 Mo I'ncitlo gm 4s jooo .... ssi; 3000 58 Vi 10000 58 Vi Mont Power Co 5s 1000 . . . s." i- UK ittt 4s 3000 80V, N V C .t II It It Gs 3000 00 i Gas Heat ft T'.lec L & V Co 4B 5000 02 i yy vu & II is '56 10000 .... io'.A V Y N' 11 & II Cs 1000 07 s "leplioii" 14s 1000 .... 80 2000 80 10000 .... 80 Telephones Ca DOOO .... 01 1S00O .... OS - V V C & n I Vis 1000 .... 31 la 'or & Kouthern 5s 12000 .... IDVj N'ortheru raclflo 4s loot) .... 79Vi Orecon Short L 4s 5000 .... 83 Vi Ppb Ser CofNJ 5s 2000 .... 57 Rep leon & S Co 53 1110(1 .... 03 1000 03 Rio rirand ei AV 1s 11)000 .... (il"a 1 0001) .... (itr,s -..inarit Air 1. fJ 1000 '.IS Mi 50011 38 'i routheru Pacific fd liOOO .... 777m oiith Pacific cv 59 loooo ....1021;-, 15000 ...,103 cpciviern Itailya 4i loooo .... no Southern Klwys 5a 10000 .... 87 Vi f. I. I M So Tlv 4s 100IKI .... "5Vs ei stan Fran In 20(H) .... 13 23000 .... IS'.i St ' San Fran al 6000 .... 3IVi St L & San Fran A 10000 .... 38 7000 rn st I m &. m nn 4 s 11)00 .... 8 St P Mln & M 4 Vis looo .... UlVn Third Av Illy adj 200O .... 27 Vi 3000 . . . 27 Untd 1C of (! H & T rets or '22 100(10 .... 05 Vi Untd K of O B & I rets of '29 7000 .... 01 U K ot G B & I 37 Vi V ft !i 2 1 Va IV "v v v M H Y v "Vz " V M Vi SH V 1 3 Y 1 Va V Vt V 'M 2000 20000 1000 23000 4000 2000 looon 2000 1000 3000 86 8va 80 80s 80-Vi 80V4 80Vi 80Vj 8(1 80'i Dlv. 11:30. Net Baled In 1 1lRh Low I.'ist ChEe. 200 .. Advance Ilutncly 42?4 421-5 Viy- oOO 0 AJax Iluhber 8.1 81V? SlVi- 300 .. Alaska Gold Mines... l?4 a4 1-K- 500 .. Allls-Chalmcrs 48 47 4714- ino 8 Am Aerin Chcm noVi 0V4 oo!4 lot) 8 Am Boscli MaKneto...l2l!4 12t4 VHV liOO . . Am Can 53 V2 S3 H3J4 - ioa I Am Cotton Oil 40 4n 40 200 .SO Am Druggist Syn ... . ViV It W- 300 . . Am Hldo & Leather... 2J"4 S7V4 37V4- "!000 7 Am Hide. & Leath pf..tlR', 1U!5 tlS - 1100 li Am Inlcnmt Corp ...113 112H 1W 200 II Am Llnseid ir, 73V4 7554 4- 700 u Am Locomotlvo 100?4 1004 109 W 4- 100 7 Am Locomotive pf 10HJ 1044 I04',- 500 .. Am Ship & Commerce. !0?i 2C4 26 - I00O Am Smelt & Hef OMi r.OV IW- 100 7 Am Smelt & Ref pf... 1)4 'j IlKi D4Vi- 200 :i Am Steel Foundries. . 45 45 4S 100 10 Am Sumatra Tobac... 0,"V4 03 OJ. - 2.500 7 Am Sugar Ref 137?, "J 17J 2500 8 Am Tel & Tel Olf'a 95 a OJTi 3S01 5 AmTohSectempctfs.. 71 "O'', 71 - 101) o Am Tobacco f new. . . 91C2 00'S 00V5 Man 7 Am Woolen 14'1-H 13S 143 - 200 .. Am Writing Paper pf. 65'2 5.i'2 114 ) .. Am Kino Lead it Hin.. 17 V 1 1 - H00 I Amiconda Copper lll34 elVi Otyi- 3110 (I Atch Top ei Santa Ke. 83Ji WiV S2Vi- I'.'OO JC Atch Top k S V pf .. 7K 70'i 704- 200 7 Atlantic Coast Line... SN14 HH'a 8894- 300 10 Atl C.ulf & W I S S...17 1 r,7 a i 1074- ?soo 3.50 Daldwln Locomotive. ,111 V Jla HO'-t- I'I0 .. Hiilfmore it Ohio 31 V2 aiW- 000 4 IVUtlmore AOhio pt. . 40 4.1 V ' 1200 8 ltarrett , 121 I23H I'M 500 ." llethlehem Steel Vi'A n 3S0O a Hethlehem Steel H... 0S?i 94?4 9l?t- 300 8 Hethlehem Sll STi, pt.113 113 IIS - .Mil .. Hoot h Fisheries": 294 12 J4 1354 1209 .. Ilklyu Rapid Tratinlt. ll)5s 10Vi 107a I- 800 .. HMyn RTctfs ot dep. 054 "'58 " 900 r. Uklyn Union Gus 30 V0 50 0 - i 500 10 Hums Bros 118J4 HSU HH?- H 2(10 .30 Htttto Copper & Zlno. . 56 l"a W- i ft 201) .. Hutto & Sun Conner.. 20 'iZU 2.1? t .. 900 Caddo Central O & It. 19?4 V'H J?)- 200 (i Calirornla Packing ... 8454 8H 81 kj- 100 . California Petroleum . 43 13 43 .. 101) It) Canadian Pacific 131 131 131 f 800 4 Chesapeake & Ohio .. 5554 "' ' 1100 7 Chi & Northwestern.. 8.V4 83 5 8.5Va- 100 8 Chi & Northwest pf..U9 119 11 loo .. Chicago Ot Western.. 8 s 8 .. looo .. Chi Jill & St Paul 3(l!i 3(i 30 -1 3500 . Chi Mil & St Haul pf. 5354 "'154 fi2 -. son Chi Rock Isl & Pac. 27 2r.'4 2034 200 n triil R I & Pac C pf. no sn'i .Wi- V00 7 Chl It I & Pao 7 pf. 70J8 7()'a 71)54.. 900 .. Chile Copper 191'B I8J 19 .. 1300 3 Chlno Copper Wa 37i 38?i 2(10 Clev Cln Chl & St L. . . 53 51 'i 5154 200 . Coca-Cola 40 40 40 100 3 Colorado Fuel & Iron. 40 103a 40- 200 I Coluuil) Gas & Fleo .. 63 !4 0254 0254 . 2300 1 Col Oninhiinliono .... 69 54 33 39 33110 7 Consolidated Gas 82 81 83 too .. Con Texlllii its 31 31 31 31)0 7 Continental Can f V hS 1100 I Continental Candy ... 1254 12 '4 12(4 300 .. Con Intcrstato Cal M. 18Ta 1W 1?4 530 I Com Products Hot... 811 M'4 HIU 1200 12 Cruclblo Steel 213 .210 31354 1200 .. Cuba Cano Sugar .... 5154 oO 5154 100 7 Cuba Cauo Sugar pf.. 83 83 83 .. 300 0 Delawaro & Hudson .. 1)2 H 02 "4 93 Vi sion U0 Deliver & R'o G pt. . . 13',4 12J4 l'J?- 230 3 KM; Horn Coal 2174 2174 2178- I30n .1 litulleott-Johnson ....139 I38V4 139 (- 100 7 Kndlcott-Johnsou pt ..103?4 10394 10394- 2(!l)n .. Krlo I2?i 1254 1254 100 .. Krlo 2d pt - 1154 Hli liVj-l- 000 8 Famous Playe'rs-I. ... 87 87 ' 300 2 Federal Mln & Sra pt. 2094 20Vi 3800 2 Freeport Texas 3254 32 54 (1001) . . F!sk Rubber 1 1 94 4 1 54 500 3 Gaston Wins & Wis... 17(4 1794 100 s General Chem pf ion loll 500 (I General Cigar 72 72 800 12 General Motors 330 33354 1300 0 General Motors deb... 8(! 8.174 ,100 I Goodrich B F so9i 809a 100 Granby Consol M & S. 3 53 1100 7 Great Northern pf ... 7C.54 "05b lOOO t lit Northern Oro eti. 118(4 38 100 5 llartnian Corp 9(i f.9(4 :tr,o 4 Haskell & Barker car. to r.0 1.VI0 7 Illinois Central 87 Mi llOO II Inspiration Con Cop . . flfJVi 39 400 . . Interbor Con Corp . . . 374 354 300 .. Inter Con Corp pf . . . 1354 12 500 (I lot Harvester- 130 130 2300 .. hit Mer Marino 4774 4754 too li Inter Mer Marino pf.lOSVi 10794 2300 .. International Nickel.. 21 2354 ,VI0 .. International Paper .. 7514 7.1 IIOII . Jewel Tea 17 17 200 7 Jiwel Tea pf Ul'i lOVi 200 2 Jones Bros Tea 2.154 2554 300 .. Kan City Southern ... 1354 15 200 I Kansas City So pf 4194 4154 200 4 Kelly-Spg Tiro 11154 144 100 .. Kelsey Wheel ('2 2 4900 2 Kennecott Copper .... 2l'4 '-'874 2200 1.20 Keystone Tiro & Rub. 39 3854 800 0 I.-ickawanna Steel ... 80(4 8 COO .. Leo Rubber & Tire... 37 3ll'2 270(1 3.50 I.ehlgli Valley 12 11(4 100 13 Liggett ft Myers Tob.203 203 700 .. Loft Corp 2.1 '4 25 54 700 7 Lotilsvlllo it Nashville. 11094 10954 "100 Manatu Sugar '3!l ,:,:l .00 1 .Manhattan Kiev guar. 15 II Dtv. Salrs In $ 100 1.75 800 500 200 1011 .100 1100 7 3901) 10 200 2 400 1.20 54 54 '?; 1(4 3 54 87 154 2094- 54 32i2 54 4154 V4 1754 loo 1 72 - 'z 333 V4- 3V4 80 80 94 . 52 754- 54 38 - 14 99(4- 94 1:0 87 54 59 374 54 1254 54 130 - 5i 4774 !'e 108(4- (i 21 - '4 7.1 Va- 94 17 40(4-2.154-1.1 -4454- 144 H-74Va-29V4 -37 43 203 2354 10054 133 -11 114 Vi 54 1 154 A 1300 800 2300 .101) 2200 200 30(1 20(1 11)0 300 000 100 300 200 800 1000 300 200 2300 10.10 . 1500 1300 1100 100 3100 300 2200 1000 . 200 1000 100 (00 2C00 800 3ul) 8100 000 1000 100 4300 1100 400 300 OOO 1C0 800 200 300 800 .100 1300 000 100 700 50(1 51100 700 3100 S 100 1300 100 1100 300 300 301) 5700 9100 100 3000 3800 700 11000 2100 400 100 4800 14011 100 3S0I) 3100 1500 200 100 200 100 100 900 100 100 1000 5100 2700 200 11200 2800 38011 503 1700 1000 1500 300 000 till II 500 400 900 , 91)0 3200 1100 100 800 Manhattan Shirt Mart n Parry Corp ... 24 Maxwell Motor 3254 Maxwell Mot ctfs ... 3254 Maxwell Mot 1st pf . . 0054 Max Mot 1st pf ctfs.. 60(4 May Dcpt Stores ....13947 Mexican Petroleum ..21254 Miami Copper 24 Mlddlo States Corp .. B354 4 Mldvalo Steel & Ord.. 47i . Minn & st L new.... i35i . Missouri Kan ft Tex. . 954 . Mo Kan ft Texas pf.. 1254 . .Missouri Pacine 2394 . Missouri Paoflo pf ... 404 3 Montana Power 3054 3 Mulllns Body 48 Mulllns Body pf 0974 3 National Acmo 3054 . Nat Anllino ft Chcm.. 03Ka 6 National Cloak ft S... 80 . Nat Condu t ft Cablo. 954 Nutlonal Lead 7994 Nat R R of Mox 2d pf. 194 Nevada Con Copper. . . 13 . . Now Or Tex ft Mox. . 47 10 New York Air Brake. 113 3 New York Central . . . C894 I New York Out ft W. . 17 . . New York N H & II . . . 2094 Norfolk & Western .... 9094 Norfolk ft Western pf. 0054 North American 55 Northern l'acmo .... 7994 Nova Scotia S ft C... 7054 Ohio Cities Gas 407a Okla Prod ft Ref Vs Ontario Silver Mln... 9 . . Otis Steel 3G54 3 Owens Bottl'lig Mach. 115 5 Pacillo Cias ftKleo.... 59 Vi 0 Pan-Amer Petrol & T. 10354 . . Pan-Amer (B) 9974 Penn Seaboard Steel.. 32 Vi 3 Pennsylvania It It . . . . . Peoples Oas Chicago. . . . Pero Marquette 3 Philadelphia Co . . Plerce-Arrow Motor . . , . Pierce Oil 8 Plerco OH pf 5 Pittsburgh Coal of Pa. Pittsburgh & W Va.. High Low 3254 32 54 1.50 49 54 33 V 31 3894 7894 1994 98 02 Vi 28 f. Pitts ft W Va Pf.... 70 5'a 1 Pond Creek Coal .... 27 8 Pressed Steel Car ....10154 8 Pullman 11394 . Punta Alegro Sug rt3.9394 2 Ray Consolidated Cop. 2154 4 Reading 'W 2 Reading 1st pt 33Va 2 Reading 2d pf :!474 . Remington Typowrit.. 88 . f poloirlo Steel 4(1 Republic Iron ft Steel. 11554 Ropubllcl&Srts 194 ,70 Royal Dutch NY .... 9994 1 St Joseph Lead 1374 . . St L San Francisco.. 1854 . St L Southwestern... 11 . Saxon Motor 1394 Seaboard Air Lino .. 7 54 Seaboard Air Line pf. 13Vs I Shattue.k Ariz Cop ... 12 . Shell Trans Trading.. 79 Sinclair Consol Oil ... 4394 (i Slots Sheff S & I .... "2 0 Southern Paciflo 10254 . . Southern Railway .... 23 a Southern Railway pf. 6594 7 Studebaker 107 '4 I Tenn Cop ft Chem ... 974 .. Texas Co 223 . . Texas Co rts 58 .. Texas ft raelflc 41 .. Third Avenue 12)4 0 Tobacco Products ... 91 .. Transcontinental Oil.. 30(4 .. Union Oil 31154 10 Union Paclllc 122 54 4 Union Pacillo PC 71i 4 United Alloy Steel . . . 51 10 United Fruit 13W . . Un Ry Investment 1054 .'. Un Ily Invest pC .... 20 54 3 United Retail Storea . 9114 .. U S C I P ft Fdry 21 ..US Kxpress :,ll 3 U S Food Prod 77(4 8 U S Ind Alcohol .... 110 8 U S Rubber 123 . . U. S. Smelt ft Ref 75 54 BUS Steel 10594 7 U S Steel pt 11274 0 Utah Copper 7(i(4 . . Vanadium Corp 50 4 Vii-Carollnu. Chcm ... C54 .. Wabash. '? .. Wabash pt A 2354 .. Western Maryland ... 1154 . . Western Paclllc 25 4 Westinghouso K ft M. 6454 .. Wheeling ft L Krlo... 13 54 .. Wheel ft L Krlo pf. .. . 1S54 4 Whlto Motor II '.. Whlto Motor rtH 2v4 1 Willys-Overland 2854 7 Willys-Overland pt . . 88V4 5. Wilson & Co 78(2 .. Worthlngton Pump .. S78 Ex-dividend. 21 3354 3254 (10 54 CO V2 127 Yt 21054 24 0394 40'4 13 54 n lJ4 2154 40 94 5954 4754 9974 3054 0,154 80 954 7054 4 54 15 47 111 08(4 1054 2G or, 0 54 65 79 7054 40 V2 9 V2 874 30 14 OS 50 V2 10294 9854 33 V2 40 3354 30 Vi 377'. 77 54 19 54 97 2 54 27 94 70 Vb 27 101 112 V2 9t94 2194 7554 3354 3174 88 40 115 194 99 54 1374 1794 14 1354 7 13 V2 12 7854 4274 72 10154 2154 65 V2 100 994 222 58 40 12 U ?i 91 35 Va 30(4 12154 ' 07 61 109 V2 10 54 20 li ill ' 2094 30 7054 110 12854 7594 10454 112 7494 5514 0054 754 2254 11 Va 25 6154 12Va 1894 0094 2(4 27 8854 78 54 8554 94 154 V !4 54 54 94 (4 74 54 94 94 11:30 Net l.ant Chgc. 3354 24 3354 54 33(4 54 0 54 00(4 54 1274 194 310 '4 21 - 54 0394 49V4 -12V2- 0 - 1254 2394 0974 3054 05(4 80 954 7954- 54 IS 47 111 C8li 17 2054 ooVi vo 54 55 -7054-7054-4054- 054 874 30 54 05 -59V2-103 V4 54 40 -32V2- 30 54 3774 7794-1914-97 -0214 37 101 113 -9294- 2194 7594- 3314 3174 88 40 - 115(4 1- 194 - 99 H 1- 1374 I734 14 1354 12 79 4274 72 10314 23 5554- 107 94 994 LOCAL MARKET COMPLEXION WAS COMPLETELY CHANGED Some Recent "Establish Losses" Sellers Tumble Over Each Other to Rcbuy Leading Investment Stocks Pronounced strength wns shown by nearly. nil tho lending locnl stocks, more particularly the prominent investment shares which recently were under con spicuous liquidating pressure. The ani mated character of the trading. Indi cated not.only lmd the so-called selling "to establish losses" run its course, ,hut It looked ns if some of these sellers were alrendy beginning to scramble over urn; uiioiner ii kcl nacK some 01 siocks (hoy had bold or something just like them. It bus been many moons since the local mnrket enjoved such 11 bi? and spirited opening. The volume o ftraus letlons were uncommonly heavy nml exceedingly well distributed, while the ""end of the entire list wus distinctly upward. The opening gong disclosed most of tho floor brokers virtually over burdened with buying orders n new experience for the room contingent. This buying wns little short of urgent in 11 number pnrts of the list, but more strikingly so iu the Pennsylvania Kuil- 1 94 tV4 I - 1 58 4054-lt?4-81 -3574-3054 122V81 (17 54 4 51 - 109 54 10 54 2054 01 - 2094- 30 7054 . 110 128 5i - 7514 7494- 55 Vo CO 54- 754- 23V4 1114 . 25 0154 13 54 I8V2 tt 394 . 2854 88 V4 . - 5i 54 94 154 154 (4 V4 road and United Oas Improvement. Ap proximately 1200 shnres of tho former nnd "(i00 shnres of tho later chauged bauds in tho first thirty minutes of tbc trading. I'ennsvlvnnin only mndo a small gain ut 40H, but U. G. I. sold up lo fil, or 7" cents above tho low mark touched yesterday. ii menntime. moderate buying orders in Lehigh Nevigntlou revealed a very" limited supply of thnt stock bringing it sharp advance of 2 points to G2V&. Lcklgh Valley wns ulso wanted and on small buylg ndvnnnccd 75 cents to 12. Pennsylvania Salt also found favor and was CO cents higher at 74. The rebound in the high-grade stocks paturnlly exerted a strengthening In fluence throughout the entire list. Philadelphia Klcetrio rallied to 21?4. Philadelphia "Itupld Transit was firm at. 27 ; one block of 1000 olinrcs of Lake Superior Corporation changed bunds nt 20. nn nbove last night's chining quotation. Tonopnh Iicltnont bad n wider market tit 2. GOVERNMENT BONDS 111.1 Atl. Panama coupon !. 1030 IHI'm lllu'i Panama rouiator.-d 2b. 11)30.... UliVu ItiOVi renunia loupon S3. ll)3 Ii'ivi 1110(4 Panama register! d 2s. 103S.... liu'4 H'UU Panama ruipon 8s, 1001 SS'5 l(i',4 Panama rcglstond 3. 11)111 88'i OO'.i PhlllPl'Ino 4a. lot" 1 02 lilt riilllppino 4s. 10.15 2 I'll Vhlllrplno 1'. 1H.TI 02 li t' H Oov coupon I'u, 1030 10U 1('0'4 IT S lov .-Elstcrid 2a 1030 Inn n0j t! sj Oov (oupon I. 1025 10." Vi 100V U a Oov registered -Is 102:. IQ-.Mi tOO'.S Liverpool Cotton LlvrrpooU Dec. 1)0. There was a limited request for spot cotton today with prices firm on tho basis of an ad vance of 42 points for middling at 27.02d. The sales were oOOO bales. Tho receipts were 57,000 bales, including 51,700 bales American. Futures were very steady in the early dealings. Spot prices were: American, middling fair, .t,'l.(i"(l : good middling. .'!0.42d : fully middling, 20.17(1; middling, 27.!)2d 1 low middling, 25.,'57il ; good ordinary, 22.02d, and ordinury, 21.l)2d. DIVIDENDS DECLARED Harrln llron., four quarterly Oivldi-ntls of l'i imt cfnt on common, payable hh follows: January 1.'. to stock ot record Deeember 31; April in. To stock of reeonl March 31; July Ifi, to stock of recrrrt June 30. nml October 15, to slock of record September 30. BAR SILVER Itnr silver was quoted iu London to nt 70'td an ounce, unchanged from ves terday's quotation. LONDON STOCK MARKET Trade Brisk and Feeling Confident. Home Ralls Buoyant London, Dec. !!0. There wns vigor ous buying of oil shares ou tho stock exchninge today and the group dis played increased strength. Shell Trans port was quoted at 1013-10 nnd Jlex ican Kugles ut 119s. Fresh buoyancy wns shown in home rails ns the result of the impending udvnuce in freight rates which will go into effect on January 15. There was light profit-taking in Ar gentine rails. The gilt-edged section wns hard und the markets were gen erally linn with trading brisk and the feeling confident. RAILROAD EARNINGS I.OUIHV1I.L1) AND NASHVILLE 1010 November erosa .... $8,82,1, 43.1 Lialance after taxes. -120,327 Net operating Income 17.V1.'ll niewn months' uross P7.Klltl.337 IHIanc,. after taxes. I". 01 S, Klin Net opcratlns Incomo 0,001,011 Decrease. Increase J037.71U 244,702 160,082 0.120,010 ll.0M,B4O 8.410,273 LIVESTOCK QUOTATIONS Clilcncn, Dec. 30. HOGS Ustlmated re ceipts. liO.nno head. Loft over. 3700. About lOctlBc higher; 414.35 paid. Average cost yesterday, $14.01. CATTLE ISsllmated receipts, 17,000 head. 8IIECP Estimated receipts, 21,000 head, COTTON OPENS FIRM AT 70-POINT ADVANCE TJ S Heal & Imp bs 1000 .... "5 TJ a Ilubber Co 5s 1000 h;i)', 1000 .... H Vi 2000 .... l"'5l 5000 .... 1')i C S Huhber 7s 5000 103 U P Steel Corp 6s toon .... on 13000 .... 03'b 5000 .... 0GV4 Wilson Company cv Stronger Cables and Liverpool Buying Factors Prices Work Off Later 10000 1000 1000 Refined Sugar Further Improved Now York, Dec. HO. Further Im provement is reported in the refined sugur market. Late yesterday afternoon the Vurner Sugar Helming Co. re entered the market and til'otted some sugar, iu 100 barrel lots or less, ut 1(1 eeuts, less " per cent for ounli for line granulated. OthcrwlM', tho situa tion is virtually unchanged. The Na tional quotes l.l.liO cents, less 2 per cent. The other refiners remain withdrawn. VB OFFEIl Lehigh Coal and Navigation Company l'undine; & Improvement Is Due July 1, 1J18 Welsh Brothers 028 Chestnut Street Philadelphia Lombard 1B43 IflBll 5)1) 110 n::.'J0 ni.oo fiil) Iloud HVjh... Mb Hond 1st -Is.. Mb Rond 2d 4s.. Mb liond Iht -l'4s JU.flO Mb Hond ltd 44s. 1I4.S0 Mb Hond 4th 4V4s 01.00 Vie Notes .ts... OO.'ll' Vic Notes 4-Tik...- !l!).:!2 T.ow i)0..ri4 OH.20 01.80 01.02 01.4(1 01.00 00.18 09.10 05 ns'.i, on 11.13 H 111 '.Hum !:!.20 01.00 01. so 01.74 01.70 on.is 00.10 FOREIGN EXCHANGE New York, Pec. "O. Tbc foreign 1 v chnnge market opened this morning with demand sterling slightly lower. Helgian and Swiss exchanges improved, l'rancs were unchanged nnd lire showed a par tial recovery. Quotations were: Demand sterling :i.7S, cables ".70Vi ; franc cables 10.70, checks 10.72; lire cables 13. in, checks in. 17; Swiss cables fi.fJO, cheeks ,-,.58; guilder cables :7',i, checks '17 ; pcrtns cables 10,::.', checks 10.25; .Stockhojm cubies 21..-0, cheeks 21.35; Cliriatlanla cubles 20.50, checks 20,115; Copenhagen cables 10.'15, checks 10.20: Rclgiou cables 10.4.1, checks 10.47; marks cables 2.12, cheeks 2.10; ruble notes, 500's 2.10, 100's 2.75. 1 d' ION HKI.T WKATIIKll fuNnlTION'S New York, Dee III). Tho followtne dm-Ti'r.itti-ea were rm orrlcil In the colton holt tins iiwrninK: (Htlahom.i City, l'ort fcinltli .111.I Knuxtllla. UK: Nublivllle. Id: Atlanta. I J Co'phh rhrlKl, Mucin. Augusta. ThoiiiHuilllu, t'harletton. Savannah ami vt ilinmgli n, 41, Memplila, Meridian. Mont Koin'r. t'hu'tatioosa and .lacksonvllle. 10. Abllcno. Khp'veport. San Antonio ami Icktburx. 4X: I'ensacola, r,0; Galveston .mil New Orleans. r2. antl Tampa, f I. Then was no precipitation. New York, Dor. .'!(). The unexpected strength of cab'es, attributed to end of the month covering, together with ac tive Liverpool buving and local cover ing, after yesterday's sharp decline, ac counted for a firm opening in today's cotton market at IS to 70 points net advance. There was little oiltside trade, how ever, owing to the holiday bcntimcnt, und, after tho opening, prices worked off u little for lack of freh support, showing nbout 15 points net advance at the end of the first fifteen minutes. The receipts at the ports for the day are estimated at 38,000 bales, against 41,001 bales u week ago und 28,(100 bales u year ago. Vest, clone (ipMi 11 a in. January .17 70 117. Kr, . .. March S3.B0 ati.7.1 n.-,.K,-, May .'la.iis 3:1.110 a:i lis July riL'.iu :w.4" trj.s.l October Iiu.u.'i -'U.35 MONEY-LENDING RATES NKW YOKIf Money on cull, notes, mixed collateral and all industrial col lateral opened today at 15 per cent for lendlug and renewing. I'lIIUVIlKLPIIIA Cull. II per cent: HL"0.n...9' time, 0 per cent; commercial nano-i I tnlt.a Mctor. V. .:;i:i: to three to six mouths, 5 per cent, and , J,1,11'"! verda Exter. ........ ? is months, 5(30 per cent. '-ftSKftagg oil ..Y.V, 4v - I ' ' "- " -' 'I I--' H -- A'eto York Curb Did AU etna etta T?i 8 Allied PackT 27 .11 Atrn-r Safety llazor 17 17li Chalmers t 11 City H Ilankera ctfs 42 42'i Co!ra t C 0 OlJ Cramp 21U OurtlsH 7 11 (lllli'ttu lUzar ISO Urn Hendic Mfi- 4.1 10 (lleiirudt oil a. :v; Houston Oil lr.O 1 .-,.-. Itivln oil SI 117 Inter rclroleutn mi't 70Vj I-h Val Coal Holes S.I 00 Mairma Copper :i:i :! Merrltt Oil , 1SH lo'.i Midwest Uellnlni.' 1UI loo Mother Lodn new r.Vi n National Oil .' 7, T'' North Amer 1 & I1 nTi r, N Y Hhlpbuildliik- Ct 4H Ohio Ilody a I nil I'eorles .'. 40 4.1 Itueslan TiHh 1!2 "I llussla-i H'.-jM 'M 2 Klnimii Petroleum US 00 Submailne . in1. II Tobacco I'rod Kxien -U 112 73 70 7ii 43 Philadelphia Stocks Net chse. 11 :M lllch Low a. m. br,m Gas. 40 19 40 .. 50 Am It pf 57 Vi 57Vt 57A Vi 100 tA T &T 05", 05T's 05.. 100 t & O. Sli.i 31 Va ai'j.. 300 tCont O. SS SS 88 Vt 5 Com Tr.200 200 200 .. 400 Kl Stor..l37ii 137Vj 137.. lOOtKric ... 12' a l'-J'.i 12Vj.. 300 (Sen Asp. 10S 10S 10S 3V, 1 .TOO M; S Cor 20!!s 177 l.eh Nuv 02 -j 300 l,oh Vul. 42 7!"s HH, 7P.. 21- 70 20Vi (11 'j tlC's 70 's 40 71 "IW. 27 75 1SK, ISVj mi 51 8 -0'i . . 2M!4-2:!s 41 7fl 40V4 Vh 74 24.. 27.. 75 22 Vh 18 2 -h 2Vi . . 34 Vi n1 10 North I'a 23S0 I'a It It. 02 Pu Salt. 378 Phil Klcc 20 1 It T to 210 tRending 30 i So Itwy 100 tS Fran. 010 Ton Del. 3100 Ton Mln '-" , 353 Un Tract 31 33S7 II G I...51a', fiWorl&S M.. INet chance made bv coniiiarlicon with last sale on New Vork Stotk Uxchanso. Sales In HO.NIW 11:50 Net JIDOO ,. m5Illih I-ow a. m. chao. 4 Ilrklyn It T gold 5s.. 3,n. 33 33 .. 30 Klec-& 1'cn Tr 4s . . . 00 noi 00 i 1 I.eli Vnl geu 4s 7n . 70 70 .. 1 Leh V Coal .Is OS OS OS .. (i hili Hond- 4tb 4i4s. 01.74 01.70 01.70.30 Vi Vic 4-is.. 00.51 00.51 00.54.04 10 Market St . ' Kiev 4s.. 70 70 10 Phila Illee 1st Cs ... SS 7 Pub Serv Tn r.7 1 Head gen Is 80 BS 57 80 70 Vh ?i 88 57 80.. Reserve Banks' Discount Rates Ollicinl dlseoiml rates nt the twelve Federal Hesene banks were as fol lows : (Tho first column gives rates for all periods up to und including u flftcen duy maturity, the second for a period of sixteen to ninety days, Tho third nnd fourth columns givo the rutes for dis counts of collateral loaus secured by government bonds or notes.) ('om'l paper Govt, paper 111 infld in in no I5.il.iya dais lr. ilayi days 414 4't 4"i floston . Now Vork . . . Philadelphia, lllrhmond . . Cleveland -Atlanta . k'hlcago . Ht. ix-uli H.. Minneapolis. Kansas City. TiuIImm A,-. . . S. VrtmiKO. 414 I 4l 41 4, t l, n 41; 404!i 4i 41i$5 fi S S lays 41 4V, 4 a 4H 4H CORN REACTS WHEN LONGS TAKE PROFITS' Strength of Early Market, Due to Covering Movement, Is Short Lived Oats Firm OHAIN BELT -.VT3ATITI5II FOnHCAST Thleucn, Dec. :10. Illinois and Missouri rnsctt'ed tonight and Wednesday, prob ably snow er rain, colder Wednesday. Wisconsin Unsettled tonlsht and Wed nesil.iv, probably snow south, colder. JUiiuebOtn. North J)ukota and Montana Colder and unsettled tonight probably snow, Wednesday unsettled. Iowa Unset tled with snow tonluht and Wednesday, colder Wednesday. Heuth Pakota and Wyomlntr Unsettled nnd colder tonight and Wednesday. Nebraska und Kansas Inrreaslne cloudiness and colder to night, Wednesday unsettled and colder. Chicago, Dec. 30. General buying by commission bouses nnd urgent covering by shorts caused further advances iu tho corn market this morning. For a time offerings were scarce, but longs took profits after the start, causing a smull reaction from the top. The receipts were fair, amounting to 277 cars, but it was evident thnt the technical position was firm. Hogs also were stronger. December opened nt .$1.3S to $1.30, ugainst $1.3S ut the end yes terday, and, nfter touching $1,40, re ceded Vie. January started at $1.31. to $1.32!i, against $1.31 at the end yesterday, ud, nfter selling nt $1.33, declined c. May was quoted ut $1.30 V'. in" $1.31. against $1.20:)', at the close yesterday, and later sold at $1.30. Oats opened firmer, with trade ac tive und mixed. Commission bouses wire on tho buying side, while local longs took prollts. Eastern handlers of the cash article suid thnt they were baving less trouble selling oats to wurope tnun tuey were having in obtaining supplies in the West, owing to hesitation about closing negotiations for early shipment on ac count of transportation conditions. Heceipts boro today were 201 cars. December opened c hither at 83c. 5Iuv started at 83c to 82c. agulust 82c ut the end yesterday, and later sold at Nic. July started at. an mi vnnee nf . V,e nt 70VtC. Iteccipts'of wheat hero today wcro 59 cars. Financial Briefs The New York Subtrcastiry gained $520,000 from tho banks yesterday, a cash net gain since Friday pf $2,705, 000. Tho average price of twenty active Industrial stocks declined 0.00 per cent yesterday to 105.18, while twenty rull toads declined 0;70 per cent to 7-1.23, Speculative Possibilities of Frencn Government Bonds Although the newspapers have been running almost daily articles anil editorials regarding foreign exchange rates, many Americans have overlooked the opportunities open to them to invest in foreijjr government securities at the most attractive prices ever known, because of the exchange rates. For instance, the French Government 4 Loan of 1917 can be purchased by us at a price which would yield a profit of about 100 on the principal should exchange return to normal, and a profit of over 150o should the bonds sell at par and exchange be normal. Such a situation commands attention. For further particulars write for our Girculai Letter E 56 Ghandler& Company INCORPORATED Franklin Bank Building Philadelphia New York Host on Free of Pennsylvania State Tax Exempt From Federal Income Tax $200,000 4 Harrisburg, Pa. 4J2 Per Cent School Bonds Dated Nov. 1, Maturing Serially Price to Return 4.20 Frazier&G. New York Philadelphia Baltimore 65 Broadway Broad & Sansom 19 South Street lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllliiiiiiillllH Bonds of Public Service Corporation of N. J. and Subsidiary Companies Wo have prepared a special letter summarizing our analysis of conditions affecting tho bonds of tho Public Service Corporation of N. J. and of its subsidiary com panies. In our opinion these conditions are more favorable than most investors believe them to be. Wo shall bo pleased to send COPIES upon request. West & Co. 1417 CHESTNUT STREET Member ' New York Hlock Kxcliansr HilUdctplilu Hlock Eirliance, We Alwan llaro on Hand n I.Ut ot Will-Grade Uondt CorrcBuondtmo Invlttd iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiimii ri 1 iM.-1 ,il
Significant historical Pennsylvania newspapers