nft"ih V . "' if 'i- f fv lA- '""It. - f) $ NEWS OF FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK QUOTATIONS ' fc ft. V f lM ' !' iv 18. :iT !1J fr - ? W Wit Br' fo M, h. t r&vi p? hi1' ' Br.;'. if, 'it IW. ;i'W iwyers ding for Uients Mwho are desirous of buying, kTitlling or investing in going ensern3, or no aro seen- i ttn MiiilnfnnrtA ? ffal f I M T va merger, will f.nd our Busi-, ncss Trading Dcpaitment in a position to render a valu ablo service We have in our files at v this present time inquiries both for the purchase ana for the snle of established industrials. r - 7 Business Trading Department Elkins, Morris & Co. I nvcjlmeiti Bankers Land Title Bids, Ph!la. t STOl ks drift aimlessly in professional market Interest Was Concentrated in About Dozen Highly Speculative ' hsues Volume of Business Small li Service and Stability j STATEMENT At the dote of business December 31st, 1919 t 4 RESOURCES Cash on hand and in "Banks ssts.'osos Loana on Collateral 3,013,80.1.37 Commercial Paper and Trade Acceptances . 1,502,285.0: Mortgages and Ground Ronts 997.067.18 Bank Dulldlne. Vaults . and P' mlture 75.nno no Other Real Estate 7,370 10 ItfiA tnv.etmn(B 9 1R Jit A9 Miscellaneous Assets ' ' w'.iv 7 $10,628,183.09 LIABILITIES Capital Stock S500.ooo.oo Surplus 1,500,000.00 Undivided Profits ... . 230 81(1.41 Deposits , 8,3X1017 37 Miscellaneous Llabllltl" 38 410.28 $10,628,183.09 Integrity Trust Company Fourth and Green Streets Capitcl Surplus & Profit. . $500,000 .$1,660,000 New Yorh, Jan. S. Today's stock continued completely under domination pf the professional traders nnd drifted in much the same aimless fashion ob served in the preceding sessions. Apnrt from fewer than a dozen highly specula tive industrial shares price changes gen erally wero small. The policy of the Federal Reserve Hoard respecting loans for speculative purposes was again n deterrent Influence, l'lie financial community, It was plainh apparent, was taking no further chance? of a rebuke after what Governor Hard ing said on Tuesday. It was not only the monetary situation, however, in fluencing Wall street to put ou the thinking cap, but other matters whlcli promise to become live market factors, came in for serious consideration. The money hltuatiou without question the dominating factor of the current market situation. The apparent easier call money condition is general v rcc ignlzcd as more superficial than real. Rates are easier simply because the de mand for stock market purposes has "alien off to a mark degree. It Is o-nially certain, if this same demand houlil broaden materially the demand nan rate would' soou be soariue nzain. The proof of the pudding is to be found in uic diminutive supply ot tunc monev. hich is still being ca?c''v sought for liirty to ninety davs w tli bids of 8 r cent. Such conditions' preclude any manent improvement in supply of demand loans. . besides the money situation. Director icneral Hines's suggestions concerning he railroad problem gave the market community plenty of food for thought, uot to speak of the wide diversity of pinions being expressed in the joint "onference in their stiugglc to find a aipv medium between the Cummins and Esch bills. Coupled to these con tusing elements was the Jackson Day Knner, to be held at Washington to night, which is expected to throw some 'ight on the pence treaty fight. All of these influences combined to place an effective damper on market enthusiasm, which was outwardly re flected in the continued dwindling in the volume of trading. The alternating weakness and strength of the market duilug the session was likewise convinc ing testimony of the wide difference of opinion in the market circles about the immediate situation. Roth sides were strongly disposed to play safe, which accounted for the constant shift ing of position. The lacs o" decision was the out standing feature of the initial dealings. Metal and food shares were the only is sues to show a degree of firmness, the usual leaders, especially the oils and motors, dlsplnyed moderate heaviness. Railroad shares were almost entirely neglected and the high class industrials scolded fractional declines. The only notoworthy changes durln.e the dull morning were among obscure specialties or stocks in which an ex tensive short interest is said to exist Foremost among these, at gains of 1 to 3 points, were Gulf States Steel, Baldwin Locomotive. American Inter national, American Tobacco Securities and Columbia Gas. United States Stee was well supported but oils, Mexicau Petroleum excepted, remained tinner prefsure. United States Rubber gave no hint of extra dividend action nt to day's meeting of the directors, and Am erican Woolen was comparatively hoavj The 6 per cent opening rate for cnl' loans failed to stimulate trading at noon. Selling of motor shares which seemed to emanate from professional sources and further heaviness of oils depressed the list in the afternoon. Studcbnkcr. Pierce Arrow and General Motors were the center of attack, the latter show ing an extreme loss of 8V2 points. Specialties and minor metals featured the final hour, the increased demand for iilvi-r bullion contributing to the I strength of the latter group. I MriW VADW DTnV CVPLi,iMrl?"rrD AMCAfTinrMQ 1 iM-.vv tmvi o i Jr c',w&jum.vaca i irwujr i wi . i Dlv. In I 8al 100 M!V 1200 4000 100 sot 90 700 C20D 300 4 DO 090 1410 300 400 400 100 too loom too ' 7000 1D07 2000 30a 100 1000 1000 1011 -Mm 13 a too 170!) I) 8700 209 200 4410 410 25)0 400 PBIPF MnVFMFMTft I' hw?isLi WER E UNIMPORTANT Street Believes Money Supply Would Dry Up Quickly if Unrea sonable Demand Developed RAILROADS NEGLECTED V , I ' Booe.STOIccw ACQ Cheaper Today Thanfi 5, 10 or 15 Years Ago In tho last three years, -as has been brought to the at tention of almost every one, "the cost ot buildlnK rents, clothes, food and fuel has materially advanced During this time the prices of underlying seasoned "bonds of unquestioned se curity have been steadily declining until they are Cheaper Today Tkan 5, 10 or 15 Years Ago Brooke, Stokes &Co. (V 15th & Walnut Sts. wamMmmmimmBmmmmmm $425,000 CityofPhila. 3's due $,W0, Dec. 31, 1920, to yield 4j f75,900, Dee. 31, 1921, to yield 4.40 $tS,e00, Dec. 31, 1922, to yield 4?', $fjf.ee0, Dee. 31, 1923, to yield 4.35 $75,600, Dec 31, 1924, to yield 4.30 IM.SOO, Dec. 31, 1925, to yield 4.30 Biddle & Henry , 104 SOUTH FIFTH ST. Dictaphone For Sale ' Will sell a DICTAPHONE with .oeffiplete outfit for $250. Was in mm only two months, so is in per fect condition. Address A C09, LEDGER OFFICE .-- - art-ii k 'v ''iSBSm ff tf ' n " UBERTY BONDS All Issues Rnmcrhf anrl Snlrl r r : tf$0 $100 000 51U0U am, Parsons RCo 435 Cbcstout Street vtfi , Philadelphia , ':' e 1 Xrtf New- York, Jan. 8. The New York Kvening Sun's closing financial review today says: Hopes for more thnn a traders' mar ket in securities in the near future with unimportant price movements were not materially buoyed by anything that hap pened in today's stock exchange ses sion, notwithstanding that call loans renewed at C per cent, the lowest re newal rate since last December 19. As a matter of fact, stock transac tions, such us they are, bear scant re lation to the cost of money. The street has the impression, and it seems well founded enough, that the tource of sup ply would dry up quickly should any unseasonable demand for accommoda tions developc. Some one said recently that given 0 per cent money, the stock market would show what it could do. Now the floor traders aro bearish and the public Is but mildly interested. The specter of huge sums for fostering foreign trade, do mestic industry and financing the rail roads looms in nearer and more impres sive perspective. The long interest is strong on the one hand and the shorts ore enjoying a certain encouragement, the result being as near stagnation as at any time within the past, few months. Fluctuations were decidedly mixed at the opening with n trend to lower levels. After the first fifteen minutes or so Improvement wa3 noted under tho lead ership of the steel group of a sort. Those issues oriented the nearest ap proach to consistent strength and in general they did well. At midday the industrial list was again subjected to pretsurc with the steels, equipments and coppers displaying me most rniaiautv. 1 The motors, oils and tobaccos suf fered losses of several points wun oniy slight powers 0 recovery. United States Rubber was heavily Fold, despite the director's meeting call ed for this afternoon at the close of the market. Apparently the expecta tion of an extra dividend disbursement has been pretty well discounted in the me of the last week. The rails were again quite neglected. Compromise on a railroad fund of $300, 000,000 by theO Seuate and House con ferees left those issues unaffected. The director general's diagnosis of the rail road situation and the remedies he pro posed gave food for thought, but they were not calculated to impart imme diate tsimulus to the acquisition of rail road stocks. The problem is too weighty pud views of railroad people themselves too divergent to permit of ready crys tallzation of ideas by present or pros pective holders of those securities. NEW YORK COFFEE MARKET NVw York. Jan. 8. The coffee mar ket opened active and 15 to 20 points above last night's close, strength being promoted by firmer tone on the Brazil ian markets. Prices continued to work higher with considerable realizing. There continued to be sufficient demand from Wall treet nnd local trade sources to sus tain values, July selling at 17.10 by midday, or 34 points above last night's close. The local spot market was rather quiet, but there was Btlll an Inquiry for export, mostly from Scandinavian coun tries, recent transactions from this source amounting to more than 35,000 bags. Vest, clou March 2-lxS!i! May 1.W63 July ls.sqigB Sapttmper .... J BKJ. Hlsh Low 105 Am Strs 40 40 7 Am Gas 50 30VI 30 15 & S t c prof . , 50 50 30 Con Trac N J .... 40 40 10OenAsp.l20 120 37GtPCem 52 5 IS do pref. 20 20 73 I C N A. 37,s :t7 310LakS Cor 21 U 21 250 Leh Nav. 03 (WV4 5(12 Leh Val. 44 43 Vi 22 I, Schuvl 40 40 10 Ponn Bk.205 205 443 Pa R R. 42Vt 42& G5 Pa Salt. 70 70 507 Phil El.. 2.-t. 2.-1U 15 P R T tc 27-"& 27 30 Pliila Tr 03 03 50 tTr C Oil 34 Vi 34 V2 400 Ton Hoi. 3 3 350 Ton Min 2 2 30 Un Tract 37 37 1200 U G I.. 5094 508 10W Coal. 75 75 Sites In 110NUS Net 1000 High Low Close chse. 1 Raid Loco i , i . riKt xbt us.. . uuys 3 Elec &. Peo Tr 4s 05 5 T.k Sun inn 5s mk, OVA 01 V 11.4 1-20 Lib Bonds 2d 414s.. 02.00 02.00 02.00.14 10 3-10 3d 4is 04.00 04.40 04.00 .00 12H 4th 4Us. 02.74 02.40 02.50 .2S 2 7-20 Vic 4'Jis 00.18 9S.70 00.00 .02 4Phila Co cons os . . SO 80 SO . . 22 Phila Elec 1st 5s ...01 01a 01i,& 1V4 4 Read gen 4s 80 t. 80 V e'OV. Vt 25 Un Ry Inv os 740-i 741j 1 Wcls Co 5s 1)8 OS M: Net Close chge 40 Vt 501,4 Vi 50 .. 40 1 120 2Vj 0V2 Vi 20 2 37 14 211.4 03'i Vi, .. 40 1 205 5 421,4 . . 7(i ife 25 27- 03 .. 34 1 3 & 2.. 37 .. roi. 75 2 wrence E. Brown & Co, T1F1ED PUBLIC ACCOUNTANTS WAS KKAJ, Bb-mTr. TRUST VtUO. rroontK. Alto prepare V, S. x Ktiurat. ,eK, y?nan & linvill Public Accountants OMf- rniHwwiw Minna FTranm 16.62 65 Oton. 10.60 ie.so 10.50 10.60 11 a.m 10.63 IS. 81 LONDON STOCK MARKET Operations Lack Snap Gilt-Edged Section Hard Home Ralls Flabby .London. Jnn. 8. Operations In se curities on the stock exchange today continued to lack soap, owing to the continued disposition to await th? action of the railwayman on tbe government's 3ffr. . . The markets were checktred. Ben ttmi-nt in the oil croun was cheerful. Mexican Eagle were told at 11 A tbe rcsuit ot an announcement that a new gusher had beu brought in. Tbe shares nf the Shell Transnort sold at 11. Rubon sagged, owing to development of an easier tone in tbe sUpJe. Tbe Eitt'ttkod section was hard. Home KJ4f wete iabby,, 00 00 05 05 74. 0S. DROP IN CASH ARTICLE TAKES EDGE OFF CORN Interest Decreased Near Close Following Improved Buying Power Early GRAIN BELT WEATHER FORECAST Chlraao. Jan. 8. Vllnnls Probably snow north and rntral and snow or rain south tonlKht and Friday. Mlsourl Probnbly fnlr northwat. mow (anient followed by clearing Friday. Wisconsin and Iowa Mostly cloudy tonight nnd Fri day, continued cold :onlrht Minnesota. North and South Dakota, Wvomlne Ne braska, and Montana Fair tonlcht' and Frldayr warmer. Knas l'nstlld to nluht, probably fair Friday, continued cold tonight, warmer Friday Chicago, Jan. 8. Failure of export business to materialize and a setback in the cash article took the edge off a strong corn market today and the close was well below tbe top. Interest de creased toward the close, following a marked improvement in buying power earlier. Short-hand bull operators furnished the support. Tbe main argument of the bears continues to be that the corn Is In the country, and that it will come out as soon as the car situation im proves. It was reported preference is to be given to wheat by the railroads, and this was interpreted to mean fewer cars for corn. Profit-taking by some of the big longs sent oats down after the market had been firm on good buying by reabosrd houses and local pit traders, influenced by the upturn in corn and reports of further good sales for exports. There1 was a demand for the cash ar ticle from the South, but prices in tbe sample crowd failed to hold. Wheat and flour were marked up farther. LeadlnK futures ranreo as ronowa; Corn (new dellveryV- upen "';, ttn ifti7 .40 . f'lV r2.7 1.871 l.ao i.aon i,3S J.33H l.StH S54 lOA 844 78 17H 78 1.. i.sn 1.3SK 84 H 77? Tan. ... May . . . July . . . Oats May . . . ju ... Pork Jan. Mav i-artj Jan. ...23.78 May .. .24.75 nibs May ...:o.s8 July tAsked. Test. close J.33?i 3o!6o 38.21) 38.00 23.02 23.78 24.95 2?-47 20.60 20.50 S7.0 38.20 23.P2 24.B5 20.47 20.70 UW H71 37.00 W.JO 23.7S 21.70 19.40 20,30 GOVERNMENT BOND8 010 COO c 870 0 irtO 5 too 100 7 " 1 10 00 400 .. 73000 3.aC 1550 411 400 000 200 14003 100 100 -4710 1G0O 6 " 100 300 100 80 M 100 3)0 8)0 710 I 10 17 0 100 0 1) 1J3 20)0 2330 ao 100 200 C10 10)0 100 090 3IU 6n 100 700 700 300 800 100 100 S00 5300 3000 1330 100 100 100 2110 38D0 10100 200 1300 2)0 100 5)3 7.)0 2 SO 100 100 1103 100 1400 030 390 700 100 S030 100 400 1800 100 1700 boo 4800 3)0 18)0 70O 510 830) 2000 00 3S0O 4800 100 1800 200 100 100 330 30110 23 .i 3000 Ttlrh . . Adams Kxpresn 33 .. Alaska Gold Mines... 3 .. Alaska Juneau O M... 3 . . Allts-Chalmers SSH R Am Agrlo Client SI 8 Am Beet Sugar 6',4 8 Am Bosch Magneto ...lit 4 Am Boscli rts.. sj .. Am Can 67 H 7 AmCanpf.... 031 13 Am Car & Fdy 140J4 4 Am Cotton Oil 53 .80 Am Druggist Syn 12J4 6 Am Express .' ,.100 .. Am Htdo & Leather. . . 2H 7 Am Hide & Leath pf.110 . . m ic 47 G Am les pf CGH 0 Am Internat Corp ...117H Am Linseed 70J4 Am Locomotive .. ...103 .. Am Ship fc Commerce. 38 4 Am Smelt & Ret csH 7 Am Smelt & net pf... OSJ-i 0 AmSmcltSeoA 8194 3 Am Steel Foundries... 45 7 An, Surar Ref 11914 7 Am Suga Ref pf . . . .118 10 Am Sumatra Tob 9814 8 Am Tel & Tel MK Am Tobacco pf new.. 07 to 5 Am Tob Seo tomp ctfs 731, 7 -Am Woolen 161 7 Am Woolen pf 104 !4 . Am Writing; Paper pf. 68 . . Am Zlna Lead & Sin.. 204 0 Am Zlna L & S pf . . . . Stt Anaconda Copper .... G3'4 .. Assets Idealisation ... 6M .. Asjo Dry Goods C3 C Associated Oil 125 0 Atch Top & Santa Fe. S4 5 Atch Top & S F pf.. 8O2 .. Atlanta Blrm & Alt. . ?ft 7 Atlantic Coast Line... B3 10 Atl Gulf & W I S S..170 5 Atl Gulf & W I S S pf. 73 Auto Sales C tcm ctfs. 10H Baldwin Locomotlvo. .HSJ'a Baltimore & Ohio .... 73 Bait more & Ohio pf . . 48 Barrett 129 H Bethlehem Motors .... 29 'A Bethlehem Steel 4Ka Bethlehem Steel B.... 08J4 Bethlehem Steel 7.. 9 Bethlehem Stl 8 pf,.113i Booth Fisheries 14 Bklyn Itapld Transit.. JlH BKlyn R T ctfs of dep. 0 Brooklyn Union Gas.. 5254 Burns Bros 120 Butto Copper & zinc. . 11?4 Butte & Superior Cop Buttertck Caddo Central O & It. California Packing . . California Petroleum. Calumet & Arizona Canadian Pacific . CaBO J 1 Thresh M pf . 99 Central Leather 10314 Central Leather pf...!07 Cerro do Pasco Cop Chandler Motors.... Chesapeake & Ohio... Chicago & Alton Chicago Gt Western.. Chi Mil & St Paul Chi Mil & St Paul pf. Chi & Northwestern.. Chi ltock Isl & Pao.. Chi R I & Pao 6 pf. Chi R I & Pac 7 pf. Chi St PMInn &.O.... Chile Copper Chlno Copper . Cluett Peabodv Coca-Cola Colo & Southern Colo & South 2d pf... Colorado Fuel & Iron. Columb Gas & Eleo. . . Col Graphophone Con Interstate Cal M . . rVinsnlMntid Clear .. Con Cigar pf 3H Consolidated Textile.. 30 Continental Candy ... 13 Corn Products Ref.. 87 A Cruclblo Steel 210? Cuba Cane Sugar ... 5414 Cuba Cano sugar pf.. 84'A Delaware & Hudson . 9 Dome Mines W V Durham Hosiery' 60 Endlcott-Johnson ....143H Erie W Erie 1st pf 0tt Erie 2d pf 14'4 Fairbanks 82J4 Famous Players-L ... 92 Federal Mln & Sm pf. 28 Flsk Rubber 454 Freeport Texaa ' Gaston Wms & Wig. . . 19 General Cigar '4 General Cigar deb pf . . 94 General Motors 333 General Motors pf . . . 80 General Motors deb.. 84 Goodr'ch B F 3 Granby Consol M & S St Great Northern pr.... "914 Gt Northern Ore Ctfs. 40 Gulf States Steel .... F4 Haskell & Barker Car. 58 !4 Inspiration Con Cop.. r0 Interboro Con Corp.. 4'A Inter Con Corp. pf.... 13 Int Mer Marino 4814 Int Mer Marine pf. ..110 Int HarV pf new 113 International Nickel.. 26 International Paper. . . Wa Inter Paper pf stpd.. 78 .. Iron Products Corp.. 482 2 Jones Bros Tea 28 .. Kan City Southern... 1H 4 Kansas C'.ty So pf.... 47 4 Kelly-Spg Tiro 14814 3 Kennecott Copper ... 3314 1.20 Keystone Tire & Rub.. 4414 6 Lackawanna Steel ... 8874 10 7 5 7 4 8 4 28 2S'2 20 RUft 43?4 C3 .13314 . 9 .1371-4 . CHY . VA . 8 3714 5314 8614 3714 1 7114 co 14 .. 19 .. 40 ..103 .. 4014 . . 23 40 43 60 82 19 K 6 7 13 C 6 4 7 4 'k c 6 Low 33 in 3 61 W 94 04 11514 C 5014 0914 1314 014 12 100 27 V U8S4 47 0614 IIS 14 7514 101 38 6914 9814 81 4514 137 14 118 9514 07 9714 C9 158 104 5714 57 62 5 1314 123 84 A 80 714 93 10814 73 1814 1101'a 33 48 12814 29 A 9414 97' 98 11314 13 14 8 82 1197s 10 2614 2514 26 435 C5 1324 99 10214 107 5814 125 S5 714 814 36 5314 SOU 26 C0J4 71 6014 19 39 100 40 33 49 43 6414 CO 14 , 19 O 82 2914 13 8G 21314 5314 8414 95 13 60 141 13 2014 1414 8214 CO 14 28 4114 3414 18 "V4 04 328 86 8414 80 4 7814 33 8214 6814 6014 414 13 47 109 J4 11315 20 4!4 78 4714 38 1614 47 IIS 31 43 H 17 Hi 14 1 Today's Net Close Chsc. 33-1 3 3 61-UH B4 3 861 11614- V 5 60 - 8914- 13914- 53 12 100 47 6814 115 -75 101 -3814-69 98J4 -137 Ji llS S614- 9714 .. , 0714- 14 71 114 15814- 1 10414 15 5714 H 19 1 6814 1 .3 - 14 5- C3 114 133 - 1 8414- 14 80 - va .. 93 - 1814- 117 33 -48 13814-2914-9414 98 98 11314- 14 1414 8- 63- 110 11 28 25J4-20-215-43-G5 13314 09 - 10314 107 -58- 126 5 714 14 01 71 .. 00 1 19- 39- 100 -10 -33 40 -43-65 C3 1 3 14 1 1 " 3 1 14 'il4 1 U 2 14 1 1 A 6 14 1 6 1 1 Dlv. In J Sales 200 3)0 1700 3.50 700 ,. 100 7 100 1 100 680 7 100 1.75 100 800 .. 300 600 ,i 200 .. 100 7 300 3 22800 Laclede Gas of St L. . 38 Lee Rubber & Tire. . . . 37 Lehigh Valley 44 Loft Corp 6 Loulsv'lle Nashvllle.110 Lorlllard Tob pf 119 Manatl Sugar " 17300 1.20 S2 2 29-12- 6C 315 -3 -12- eo - 141- 13-20-14 -83-10-28 -330-86 fi4-80-54 - :8 39 83 4 13 -113 28 -16 47 1.50 10 5 7 7 5 4 .50 3 4 5 6 3 3 1 3 1 1 1 2 1 1 6 ' 1 1 " 1 IK " V 14 1 1 n 3S0O 200 600 800 300 90 500 400 1300 190 100 1700 U00 10)0 12C0 11 0 1830 100 1530 1530 1530 700 129U0 TM 300 100 300 4400 200 100 351)0 1000 800 1000 30J 3000 11309 100 16600 3400 300 400 500 800 1800 1200 700 1500 1400 1400 200 40500 C 100 8 2000 3(100 8.70 2100 1 700 100 100 0 27300 300 8 100 7 COO 0 14100 . . 4699 4600 100 1100 200 630 34109 1000 100 100 P400 300 7100 050) 1000 1100 199)0 100 100 100 1300 4400 300 300 100 100 3 300 100 7300 200 400 23500 300 2600 100 400 43600 1000 000 500 1100 1 200 200 1000 100 100 100 100 100 coo 2500 700 200 3000 4700 1009 290 100 1100 25 .211 . 69 . 50 . 73 28 . 26 .100 . 04 22 09 76 93 Manhattan Elev soar. 47 Manhattan Shirt 33 Manatl Sugar pf 102 Martin Pany 30 Maxwell Motor 3H Maxwell Mot ctfs.... 31 Maxwell Mot 2d pf . . . 30 May Dent Stores M4W Miami Copper Mexican Petroleum.. Middle States Corp.. Mldvale Steel & Ord. Minn St P & S St M. Missouri Paolflo 6 Missouri Paclflo pf. .. 41 Montana Power 69 Morris & Essex 73 Mulllns Body 49 National Acme ' Nat Aniline & Chetn.. 68 National Biscuit W Nat Conduit & Cable. 11 Nat Enam & Stamp.. 81 Nat R R of Mcx 2d pf. 7H Nevada Con Copper. . . 17 New York Air Brake. 110 New Tork Central . . . 69 Now York NH&H... 37 Norfolk & Western... 08 Northern Pacific 0 Nova Scotia S & C. 71J4 Ohio Cities Gas 48 Ontario Silver Mnjr. . . 9 Okla Prod & Ref Ots Steel 39 Owens Bottling Mach. 61 Pacltlo Deetopment. . 70 Pacific Gaa & Eleo... 19 Fan-Amer Petrol & T.103 Pan-Amer (B) 100 Parish & Bingham.... 45 Pennsylvania R R.... 43 Penn Seaboard Steel.. 32 . Peoples Gas Chicago. 39 . J er.i Marquette 28 5 Pere Mam prior pi... 5 3 Phlladilphla Co 40 . Plerce-Arrow Motor . . 79 Plerco-Arrow Mot pf. .losyj Pierce OU -'A Plerca Oil nf 8 . rlttsburch Coal of Pa. C3 Pittsburgh & W Va. Pond Creek Coal . Pressed Steel Car. . Punta Alegre Sugar . Ray Consol.dated Cop Hallway Steel Spring Reading ngmlnirinn TvneWrlt. Remington Type 2d pf . 93 Replotrle Steel Republic Iron & Steel. 119 Republlo Iron & S pf . .100 Rt public I &S rts 1 Royal Dutch N Y....101H St Joseph Lead .. 16 St L San Francisco.. 17 . St L Southwestern .... I3 0 Savage Arms 73 . . Saxon Motor 18 8 Sears-Roebuck 235 7 Sears-Roebuck pf 117 0 SIoss Sheff S & 1 78 . . Sinclair Consol Oil ... 47 . . Shell Trans Trading. 6 Southern Pacino 8 South P R Sugar pf.. , . Southern Railway . 5 Southern Railway pf 4 Strombere Carb 7 Studebakcr 5 Stutz Motor 3 Superior Steel . . Third Avenue . . Tidewater Oil rts . . Tenn Cop cS Chcm.. . . Texas Co Torna C.n riM ...... TA-vaa S. TnP.lflG ...... 41 G Tobacco Products .... 91H .. Transcontinental Oil,. 35 5 Transue & Wms Steel. 63 1 Twin City RT 32 8 Union Bag St Paper.. 91 .. Union Oil ' 10 Union Padfto YttV 4 Union Paclflo pf 68 4 United Alloy Steel ... "l 7 United Drug ." 50 United Drug 1st pf... 82 10 United Fruit 199 . . Un Ry Invest pf 3 United Retail Stores. 95 . . US Express 2 U S Food Products... 77 8 U S lnd Alcohol 116 8 U S Realty & Imp.... 47 8 U S Rubber ??; BUS Rubber 1st Pf-.-1" 6 U. S. Smelt & Ref ... . 73 5 U S Steel J0" U S Steel pf "J Utah Copper Jj' . , Utah Seo Jya Vanadium Corp J Va-Carolina Chem.... 70 Va-Car Chem pf "- . Wabash . . Wabash nf A ; Wells Farso Exp TOmm Pacino ".Y 83 ..103 .110 . 32 . 55 . 82 .111 .129 . 40 . 14 . 33 . 11 .323 67 Western Paclflo 61 11 87 119 51 13 18 ss&.ff,rd-::::: 5 Wilson & ?, JJLy. 8 Woolworth V W l- 7 Woolworth Pf aau, .. Worthlngton Pump... Bx-dWldend, Western Paclflo pf.... Western Maryland.... Western Union Tel... Westlnghousa A Br. . Westlnghouso E & ai. . Wheeling & L Erie... Wheel & Ij uriepi. 38 37 14 26 110 -10 13S 47 32 102 39 33 33 30 131 35 209 65 50 73 25 41 68 73 48 37 67 130 11 314 6 10 109 69 26 08 78 72 48 0 9 39 60 76 69 103 09 45 41 ?1 38 28 66 39 76 108 23 97 13 27 25 00 H3 22 87 76 03 83 47 117 106 1 103 15 17 13 73 10 335 117 77 4G 83 103 110 33 55 70 108 123 49 14 32 11 W 230 55 40 83 33 03 33 94 30 122 68 51 111 52 197 36 93 31 76 113 46 134 115 73 105 111 77 11 H?4 70 113 8 23 54 25 64 11 87 117 64 13 18 60 30 77 133 110 88 Today's Net Close Ohe. 38 4 37 .. 41 1 20- ,110 110 135 - 1 47- 33- 103 30 33 -33 30 - 134 25 313 07 -60 7 26 . 41 48 37 67- 120 11 17 109-G9-26- 08-' 3 I 3 1 3 VA 1 ' 3 H ODD-LOT BUYING AGAIN LOCAL MARKET FEATURE United Gas Improvement Made' Further Advance to 56 34 Trading Was Featureless The continued strength nf TTnlt'pd fins Improvement Constituted the only note worthy feature of the listless trading n tho local market. There was a good demand for the stock, advancing the price to 5091 . a new ton for the recov ery movement. Much of the dealings otherwise were of the sapjo perfunctory character ns wen as unproductive ot essential change in prices. Most of the leading local stocka, however, again showed encour aging firmness, which undoubtedly was duo to the odd-lot buying. Thcso pur- cnascs, wntio small from day to day, yet in tho nggrcgnte in the last ten days reached n considerable total. The rela tive steadiness of prices around the curf rent level would seemingly indicate a rangements out of tho way, should fc. jn position to respond to tho improrel conditions. ,ea The narrowness of tho market was In dicoted in tho wider fluctuations retU tered in obscure nnd inactive stA, o i...T smoll rrnwr-tloas Gener.i Asphalt advanced $2.50 to 120. On tiior hand. Conso'idatcd Traction of hew Jersey was $1.50 below the Drl; vlous sale at 40, and Little Schuylkill was off $1 at 40. Pennsylvania Sal moved to 70, a gain of 50 cents. Considerable, interesting gossip WB, heard on the street today concern tho market operations of Transcontlnen. tal Oil Stock in which there seems to be a considerable PhtladelnMn in .v Some very uncomplimentary remarki gradual absorption of the floating sup- Jv",f "?""! "'"J cert?'n interests who ply. As most of the leading stocks arc ?.int,ProIj1ln.t. J,..sAtIonJ.n. th or- still far under their best prices, thero is, 80 - 74 - 48 n - 9 39 00 70 63 -102-S0-45-13 -3174- 38- 28- 06 40 77 -103 22 97 - 63 27 25- 99- 91 23 07- 75- 13 98 47 - 118 - 106 1 103- 16 17 .. 13-1 73 17 154 335 117 77-10-3- 103 - 110 32 51 -79- 109- .28 - 40 14 -32 11 :4- S314- 32 1 04- 1 37 .. 123 - 68 61 -141- 52 198 -20 84 31 70 115 3 40- 136-115 72- 106 115 70 113 -8 25 CI 11 -87 119 t4 C3 -30- 77 -138 110 88 - 1 n i i i " i i i i " 2 3 1 H 1 1 1 1 "i " !4 ' t4 consequently, still considerable room for further improvement. Pennsylvania Railroad, Lehigh A'ai ley, Lehigh Navigation and also Union Traction were ngain picked up by what are commonly called the small invest ors. Same conditions apply to the higher grade of bonds, but tho larger amount of business in these issues was done over the counter. Philadelphia Electric, in advancing to 25V4. was back to the level it occupied prior to tho November break. In view of the immense business the company is doing the firmness of the stock is not surprising nnd, with the financing ar- ganizatlon and promotion of this soecu. latlve football. Judging from the un. promising market performance of the stock recently there would seem to be "something rotten in Denmark." If half of the stories being freely circu lated are true, some one, or some In terests, aro grossly guilty of spilling the beans and double-crossing their con federates. Of course, much of the street gossip is not to bo taken seriously, but much of the evidence already in hand makes tho unsavory market perform ance of the stock curiously reminiscent of tho pool operations some few years ago in a certain New York stock, la which a prominent Philadelphia was made tho gont. FOREIGN EXCHANGE New York. Jan. 8. Foreign exchnnee at the opening today continued to reflect' tne interpretation of fllr. Hoover's Statement by international bankers. The first actual transactions showed losses of two cents in sterling with demand at 3.74U and rabies at 3.75. twelve cen times in francs at 11.20 for cables nnd 11.22 for checks. After the first few minutes francs re covered slightly. Spanish and Scandi navian and Belgian were 10 points lower. The other quotations were: Lire cables 13.40. checks 13.42; Swiss cables 5.64, checks 5.60; guilder cables S7VJ. checks 37 ; pesetas cables 10.10, checks 10; Stockholm cables 21, checks 20.85; Christiania cables 19.00. checks 10.75; Copenhagen cables 18.15, checks 18; Belgian cables 11.10, checks 11.12; marks 2.03. The foreign exchange market is dull, but steady. Later quotations are: De mand sterling 3.741., cables 3.754, franc cables 11.18, checks 11.20, lire cables 13.40, checks 13.42, mark cables are down to 2.01. DIVIDENDS DECLARED Federal Sugar Hennine Co., quarterly cf l"i per cent on common and Vi per cent on preferred, both payable February 3 to stock of record January 23. Cluett. Peabody & Co., quarterly of 2 per cent on common, payable February 2 to stock of record January 21. Paclflo Development Corporation, quar terly of 3 per cent, payable February 10 to stock of record January 10. Plttabursh Steel Co.. quarterly of 14 per cent on preferred, payable- March 1 to stock of record February 14. .Kentucky Securities Corporation, quarterly Wi per cent on preferred, payable January 15 as registered January 9. Books do not close. Dominion Oil Co regular monthly dividend of 1 per cent, payable February 1 to stock of rcnrd January 15. MONEY-LENDING RATE8 NEW YORK Money on call opened today at G per cent for lending and renewing. A little moro time money is available today at 8 per cent on industrials for sixty and ninety days, but the amount i of transactions is still only moderate. In contrast with yesterday when quite a little business was dono in call funds at tho reaction to 6 per cent, the turn over up to tho early afternoon today at 6 per cent was light. Prime bank acceptarices are un changed and the volume of dealings Is not large. Tho minimum discount figure on choice mercantile paper is still 0 per cent. , i PHILADELPHIA Call, 6 per cent; time, 6 per cent; commercial paper, three to six months, 5 per cent, and six mouths, 56 per cent. LONDON Money is quoted at 3tf per cent. Discount rates, short and three month bills, 5 per cent. BANK CLEARINGS Bank clearings today compared with cor. lespondlns day last two years: 1020 1910 1018 Phila. ..ssn.iso.ass tns.ois.int 5t.s:s,5is N. York 043,400.(141 700.240.489 lOB.lSVOSl Boston. 09,083.704 49.942.80lS 44,270,115 ChlcBifo.113.ftn4.f17 SS 2RIS 7ift ........ St. Louis. 31,723.221 33,489,015 New York Motal Market New York. Jan. 8. COPPEIt Spot anl January, Wic bid: February. 19?c bid; March. lOHc bid. Market quiet. Lead Spot, January and February, HM 0c. Mar. ket quiet. Spelter. East Pt. Louis All months, 0.22V4 9.32V4c. Market quiet. Bl Panama coupon J, 1986 Panama rtaisterM $,1?3S Panama coupon 2a. 1838. . Da M a ..A,, Afl A. iflAl- ...... IS' Faname. realstercd ' Ss, 1981,,., S8ij Philippine 4a. "J-jl... S3 Philippine 4. 198$...., 9J Phl'lpplna U. 1939..,.,. ,J2 U S Govt coupon ? "JO......" V S Oovt coupon 4s. JB"...,loH, Plat of C 8,W. 1UJ1.. 01 lOOt: LIVESTOCK QUOTATIONS Chlcaxo, Jan. 8. HOGS Receipts, 62,000 hrai. Bulk. S14.50B 14 70: top. U4T5. heavy. '4.4B14.V medturn.SM 60Q14.7.V, 1i !,. nael-iliK sow, ruueh. S13.40Q13.90i pirs. S13.9O014.5O. Beef steera. medium and heavyweight, choice and prime, J18.7520; med um and good, lll!'lS.75i common. JOBUi lightweight, iood and choice, Sj3 75tf 10.33; common lnd medium, Ji.2313 75: butcher cattle, heifers. JR.B0 B 14 7.1: cows, SO 4,(1 1 13.50, ciinners and cuiiers. ju.sovo.iu bhi ttlSoO; ilocker steers. SK.50 10.50 6HE'iP-neclptB. 11,000 head Strom? t smh- I1R.75ISH9.J0: culls and common, tis 5Q3M0.25; ewes, medium. good and choice. J8.75 11.25: culls and common, 58.50, Kast Buffalo. V. Y., Jan. 8. CATTLE Receipts. 175 bead. Slow. Calves, receipts, "no head. Steady. SSW23 60. HUupw-if'fi.v."" i V "y yv"v" pwer. iteavy, (ii.ui miiu unu uihi. OlQ)lU.On; llSllt JDI"1 "li" 1'H.r. ,wj JlB.25iO; rouahs. ! Steady, umbapged, nans. Slam lO. -41 riaK, tivwii.ttv. SlIKEP AND LAMBS Itecelpts. 800 head. Plttabanb. Jn. HOGS Receipts. BOO0 head I Lower. Heavies. 114 tUM4.75j Crr. u.rlTiri and lleht workers. J15&15.25! Pl IBE AN& UMBS-Kecetpti. 300 head. Steadv. Top Sheep. 1)2. top lambs, M9. PIC4QJT. CALVJCS Jtecelpta Top, I2J.60. 125 head. Pnjiji ipi fe; 14: lights I14.15W14.7C l2.iWu.1S' CATTLE celpts heavies, bee lacking- Receipts, Jan ' 8. HOGS Re. in dlum. tit 45iee TO) light lights, J14 jw.ouini.-.j. pigs, 4700. Higher. Heay t..,ihe atttjt. belf-ro. S0.7STO 1 4 33 1BRSO12.40: cannera and cutters, 5.2"t AM; veal calves, I1S15.50; feedera, J7 75 qpja.ia; siock(s. tnvi.'.u SHEEP Receipts 5000. tllsH.lM silt iitla ami luimmnn yearling wethers. ll.29lB.eo: owes, t;2 mi.0O. Willis and common. 14 WSt breeding ewes. JSWMi feeder lames, iHWio.pv, Higher. Lambs, xu.r,nwi. 'n Receipts, prlmo. nono: medium and good, iiitsin.o; oommon, J8&10.7B! light, good and choice. $13.501B; common and medium, S7.750 J13.23; butcher cattle, heifers, $7S 18: : coa. j(s 12.50: cannera ana cuuur., ,uvj,iu. eal calves, light and handy weignt, ii.i.ou mia.loi leeaer siecro, u ,.,.. piwv..v steers. 18.23 10.75. . . . SlISEr Keceipis. iduu mau. picuuy. Lambs. tlB.SO&lU; culls and common, .oo (415: yearling wethers, .112 10.25: mn, medium and choice. 7.5010.25; culls and common, S4 7. Reserve Banks' Discount Rates (The first column gives rates for all periods up to and including a fifteen day maturity, the second for a period of sixteen to ninety days. The third nnd fourth columns give the rates for dis counts of collateral loans becured by government bonds or notes.) Com'l Paper Govt, paper jo jo uu ji, to uu 13 nays cava id days aa tVston 4n 4Ji 4S New Tork .. ' IS 1 Philadelphia 4i 4J, 4 4 Richmond 4'4 4( 4j 4Jt feveland .. -. 4S 4J, 4 4 4Jj Atlanta 4I 4 Vi 4i . . . 4 f " '.'.'.'.'. 4? 4HOB 4V? 4V? .... 5 B B 6 ... B B B B ... 4i iU m 49i Chteaao bl. LOUIS . Minneapolis Kansas City Dallas ....... pan jrrancieco if JSX 04U . .. www - rrr .. .-.-'.-.. .--" ti. .."TV-. - as IB.000 hsaa. Mianer. vuik. hi.iww U heavy. $14,70 1.Q: medium!. 114 JsffllS It light IH.MiJloi, light lUMa, tU.VltouM; 18014 hJivy packlnV .' moothiussffl 13.78: joH paeVlnj- ws, ush., tl3V,0019.3S; plT. JS2 fci382&f W head. Higher. I J BW ill HT :illl'fliW.'"r1 r kIc ani BUTTER, EGGS AND CHEESE New Vork, Jan. B- BUTTER Lower, Re. celpts, 670S tubs. Creamery, higher than extras. ejmfWe: extras (92 score). 68cj firsts, enoosc; packing stock, current make, No. 5. 46c , . ... EGO? Firm Receipts, 8813 cases. Fresn. gathered extras. 83c: do, extra IJrsts. 81C fclci rlrste. 79OS0C: state. Pennsylvania and nearby western hennery whites, firsts to ex tras, 84087c: do, browns. 840s8a: do, gath ered brown and mixed colors. 82083c. CHEESE! Kasy. Receipts, 8707 boxes, State, whjie milk, current make, flats. sp. rinls, 31'i W3:cm do, average run, SOtiQStc; ctate, whole milk, current make, twins, ape c'als, JJW ?2c: do. average run. 8tc Raw Sugar Market Firm New York, Jan. 8,Tnc situation in tbe local refined sugar market remains unchanged, virtually all refiners still being withdrawn.- Tbe National Co. alone is making allotments to its regular trade at 15.20c, less 2 percent for cash, The raw msrket continues firm. BERGER ASKS FOR DELAY Would-Be Congressman Wants to Defer Presenting Credentials ' Washington, Jan. 8. (By A. P.) Victor Berger, Milwaukee Socialist, who wfls re-elected to the House, after having been denied bis seat during the special session, telegraphed Speaker Gil- lett today asking permission to delay presenting his credentials until the con testant in bis election could file the necessary papers and Berger's attorney could appear before the House election committee. Speaker GlUett replied that he would discuss his case with other House lead ers Saturday. UONDON METAL MARKET Now York. Jan, 8, Cable advices received at the New Tork metal exchange this morn ing quoted prices In London as fellows Tin Spot, 369. an advan.ee at 17 10: fu. tures 3S1. a gain ot 12, and straits. I8r0, un 3. Singapore. 1301, down II. Sales Spot. 30 tons; futures, 750 tons, nnd Singa pore, 123 tons. Standard copper Spot, 1110 10s. ft loss ot 10s, futures, 119, a drop of 1. Sales Spot, none: futures. 1300 tons. Electrolytic copper Spct. 1124: futures, 1120, ort II. Lead Spot. 47 Us: futures. 48 Bs down Sa Od, Snelter Spot, 158: futures, 00, both up 10s. Charters Filed Dover, Del., Jan. 8. Charters filed here today were: Union Oil Steamship Co., $50,000,000, build own and operate boats, etc. ; M. h. Rogers, I;. A. Irwin, W. O. Singer, local Wilmington, Del., Incorporators. Chicago and Gulf Oil Co.. Inc., $20,000,000, acquire oil, gas and mineral rights, etc.; Samuel C. Wood, Chicago. Ills; h. B. Phillips, Harry McDanlel, Jr., local Dover. Del., Incorporators. Increase in capital stock of North American Refining Corpora tion from $3,000,000 to $0,000,000, Oklahoma City. BAR 8LVER Commercial bar1 silver was quoted'at $1.33 on ounce Jn New York, today, up 1 cent. In London tho price was 78d, an advance of XM. , Just Out! Free Broker's Handbook INVESTORS and traders about to take advantage of the many profit op portunities on the New York Curb Market will want this free vest pocket guide. It gives high and low levels for November; all of 1918 and eleven months of 1919; par, capital and dividend rates for more than 800 securities traded in the New York Curb Market, and the Boston, Toronto, San Francisco, Salt Lake and Los Angeles exchanges. Also memoranda page and commission rates. Call, 'phone or write for Booklet No. TU-672 JONES & BAKER SECURITIES Widener Bldg., Philadelphia Phones Bell, Walnut 6065 Ktyztont, Ran 2290 Direct Private Wires OFFICES IN 8 PRINCIPAL CITIES UNITED STATES GOVERNMENT LIBERTY LOAN SECURITIES $50, $100, $500, $1000 Denominations BOUGHT AND SOLD FOR CASH FULU INFORMATION REGARDING TAX FEA. TURES OF ALL LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST. MONTGOMERY & CO. CHICAGO NEW YORK 133 S. 4TH ST. PHII-AIIFIPHIA TETJSrHONXSl BELL, LOHBATtD 48t0 UEYSTOTO!, MAIN S3J.1 GOVUBKMENT SECURITIES DEPABTJTENT EXECUTOR THUSTEB CUABTEBEO 18M FIDELITY TRUST COMPANY Member Federal Reserve System Capital $5,000,000 Surplus $16,000,000 Main Office: 325331 Chestnut St 43-53 S. Fourth 8t ADMINISTBATOB " r Broad Street Office: N. E. Cor. of Broad and Chestnut Sts. OPABPIAK. ii., r- '0 'rA- -, f v ', t .., Vs-"'t t'"'-. i w ' v ,aafMa9 ,. ' i -K .JBBii. r.' j 'iWffl iiM-MlBliaiifciTi Vi tssHsiTv JsHRsiisHsss.ssssssaTt.sBssHUE .s -"t 1 , JkbA&L f'f$fitt,iflfa EtbTSSEaK
Significant historical Pennsylvania newspapers