SSrWr F!PMMRFr-i- swri W'r - v TTy rl t t& r ""i; Vf ?' ii j-v ti .,' u w Lkf . 1C .1 JFMfci .1 eve-hig public .ledger-lphtladelphia, Wednesday, jantpaby n -32o ",ieTe 1.1 SS --wj -J v(t; t 4 tm 1 IS Mv fttf fitrM. rci Is Si Will Sell 200 Phila. Nat Bank Rights C. K. Garrison 308 Widcner Eldg. Bell Phone, Wal 419S-41S9 Keystone Phone, Raci "2S0 NEWS OF ..FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATION HIGH PRICE INDUSTRIAL SPECIALTIES WEAK SPOTS Fresh Weakness Attributed to Disturbing Reports of Unrest in Germany anil Acute Money Situation The Conversion Feature Armour & Company G, con vertible Into preferreM sNxk, were Iguially offerul at nn average prlca of about 9(Hj. They are imw sclllnRiirounu lOi. The details of a rew short-term note Issue, convertible Into 8 Preferred Stock will h- onarilil promptly when "-ea-H If you will send no.v fcr chcul ir T-A GEORGE H. EURR & CO. Investment Securities 421 Chestnut St., Philadelphia Chicago New ,irK Cleelu..d Ilnrtfonl Pittsburgh MMitlr t. l.oul an lnim-iixo Now Yorlt, Jan. 1-1. There was no fwnfial elianse in trntl.nc: condition "i today a Mode morscf. Il'irins tin jjrontcr part of Hie session the entire list, more particularly the Industrial was under persistent sellinc pvrsMiic br n-iuij ftutlior declines ,of 1! to S iio'liN in the highly speculative issues, llie lownward swim; a, as check, 1 at intervals bv h-ret-ulnr rnllies. but these checks proved ineffectual and were in variable foil iuc.1 by renewed picture. l.nrking it more obvious or direct pIaiiation the fresli weakness f the iiaikct 'luring the moniiut; s,ession was itt'ibutul in s(,mp quattcrs to ocruight advice, "rom abroad, tiotubh the re torts of serious disturbances in Uorliti and the reported dec'aration of martial aw in elmost a'l parts of Oeimnnv. lheie was. however, further nppre Innsiou regnuliiiB Hie motun mark t which was larcelv influenced bv report.s of liberal calling of loans, ami the ru mor of auother advance in discount less violeut nnd co'ifined within more icasonable liiuitations. Tills was par ticularly true as to I'nited States Steel nnd other standard industrial shar h. Little of an thins was done in the rnll road slinres nnd the coppers were also ns much neglected. With a few unimportant exceptions the entire list, was under renewed sell in? pressure at the unsettled opening, which came in for nvue notice by rea son of the spirited rally in progress in the late trading jc-terday induced by the apparent relai'ig tendencies of de mand loans. Hut for some dajs it has been the practice of the professional contingent to sel' freely (luring the morning and buy them back again be foie the closing. Reactions within the fiist half hour 'ived fiom 1 ! " points in Crucible Steel" nnd affiliated shares and equip ments. The shipping, oil anil motors shaics and Ameiiciiu Woolen were also conspicuous! under pressure, helliu NEW YORK STOCK EXCHANGE TRANSACTIONS ' - . ni in I G G 7 l'. 7 4 .SO Hlfth Advance Itumely .... 4? Advance Mumely pt . . 71 Ajax Rubber pt Alaska Oolrt Mines .. l?& Alaska Juneau O M . . 2 AIlls Chalmers 4914 Allls-Chilniers pf .... 004 Am Acr'o Chem B Am P,cet Siig-ar al-M Am llo-ch Mngneto . .115 Am Bosch l ts ' i Am Can 54 H Am Can pf 0SJ Am car & FMy J.-W14 Am Car & F-lvpf . ...IU Am Cotton Oil 5114 Am nrugiT'st Rn .... 1514, Am Hldo & Leather . . 2.1 intes by the I deral Keseivc Hank ,.ut!nued in diminished volume . -Miir ruui'uiT m me loau ca nng was , to be found in the pre-eminent weak ness of most of the high-piieed indns I trial specialties, or those sh:ies which l recently were subject to adioit pool and ! clique manipulation. It was in tins quarter of the mar tin oughout the ba'.ince of the morn inc. with many supplementary losses, especially in the higher-priced motors, oils, steels nd shipping shines, l'aitiai l allies- accompanied the S per cent .ip-ning rate for call money at noon. Weakness increased in the afternoon I mi me tinmt ot the sellin;- movement ',, tn(, announcement that the directors was sustained, and the cliniuct. r ot the uf tR, rcdernl Reserve Bank had held dealings suggested something more tlnn their tegular meeting but would make mere bearish drives, 'there was un-,,, statement regarding discount rates questionably fuither extension ,.f short i until after the c-o-c of the market. Kx-i-.immitm nts all around the room, hutreme losses among speculative issues the selling of many of the industiia! inn fiom 2 to 10 points, specialti.'s had nil the trademaiks of Call loans jumped to 15 per cent in forced liquidation. the 1-ist hour, but n few stocks rallied In the more seasoned and tried is- , moderately from low quotations of the sacs the fluctuations were noticeably ' mid -session. Reck isfand, Ark. & Loyisiana i First iVAs, 1334 ' T.hr?',,01"J'' nre "ow oelllns on thr New lork KirlinnKK lictin C3 und 04, ltlil at I lllla Im.1 nl.m.1 ll . ft ft We fcrl Hint llicy nrrisrnt -i aelrnil'd Invest ment onnortunlt.v at any (inure under 70. All orders cxccutal at Market Carstairs & Co. f Member PlillntlflnliKi nnd t New York Stok Enhances ( 1419 Walnut Street 71 Broadway, N. Y. MAR Statistician Wanted Philadelphia aii New York KEI UNDER HEM PRESSURE i Continued Tight Money Rates Gave the Bear Element Ample Ammunition Philadelphia Stocks ALL INDUSTRIALS SOFT dence, writing circulars and statistical work in general. experience essential. Box A834, Public Ledgsr. LIBERTY New York. Jan. 14 Thn vi- Vnrt Evening Sun's elosine linnnelnl rnvi.iu today says : The bears were persistent in exortinz 'iresstire on tolav"s stock market and measurably successful as was evidence1 oy adecline anion ' the industrial shores "anjring from '2 to .S noints or nmnv ly investment house, members enin;e:n.ft!iceerrse0n!: ! f-equcnt and inpfTcctut1. I Pinr :.n.wl 4- I .!.. . ... 1 Stock Excnangas. Man can- (nt'e i,n'1,ieti,"!' f -i.v n-iief. ac , , , ?.. r eompamed by the report that the di- able Ot naiidling COrreSDOn- ' "''"tors of the New York Federal Uc . ... . . rw' serve Rank nt tothiv's rnirtilnp -il.-lv meeting would direct a further advance in the rediscourt rate, possihlv as hi as o2 per cent, according to current l umor siip'died most of the ammunition for the bears. I The rate is now 4 per cent, (.'-ill money renewed at S per cent and the 1 rate soon went to 10 per cent, and the to V2 per cent in the second hour of the afterroon. Husiness in time fun'' was largely confined to renewals. Mid as high as SlL. per cent were made iot Mine accommodation without any vcrj material response. There is accumulative irritation in the street that such rates should be exueted for call loans when C and 7 ner cent offerings were made within a week or more without bringing about anv menacing revival of speculation in stocks. A Chicago banker declared that lie did not know why New York bankers hould be getting such rates when no other large center was getting nujthin" 'ike them and lie was frank to suggest a rather ugly explanation. The bear element was not slow in taking advantage of the situation wliie'i i ''as been i rented, n situation the more e-idih to be utilized in view of the ,S2.j.00n.0H0 Belgian loan and tin- pro- nosed Ita'inn dol'nr flotation here in th" I same amount, the disturbing renorts 'coming out of fiermanv. the nroba'u'itv that thee will be uo railroad Iegis'atinn hefore the middle of February m;d a I feeling of uneasiness which is not I'nti- I fined to the Metropolitan district. Tha , nessjmism is not confined to New York ! was shown bv the consideraMe ''iisinc-. s- i. selling side done by the wire houses. The rails, of course, were too se I verelv ncg'iWcd to reflect the same pressure a- the industrials. The stc's, I motors, oils nnd equipments were dis- tinetlj reactionary. T'nited States , Mcel ruled c'osely around 10." or a 1 noint or so below the price nt which the corporation announced it was pre- --.i to sell tiO.OOO shares to its cm ploves. 0ND $50, $100, $1000 Bought Sold Recommended for Investment Newburger, Henderson & Loeb IIANKKKS 1410 CHESTNUT STREET lltmbern N. V, & I'hlla. Stock Ei- BARGAIN DAYS IN BONDS You May Purchase With Confidence Railroad Istues at the Lowest in Fifty Years Let Us Submit Offering EDWARD V. KANE & CO. Morris Building GE0.A.HUHN&S0NS STOCKS AND IIOND'S Member of the Phi, ad? phia Vaw York nd Chlcaeo Stork Exchanm New York Cotton Exchange Commission Orders, txected in All the Principal Markets UUUMi: IOIK1 llLi)U. 1418 Walnut t. NKW YiiHk nri irn 111 llrotifttvuy. New Tork GHAIN BELT WEATHnrt KORECA&T ChiraBo, Jan. 14 Illinois Jlostly clo-jiiy tonleht and Thiii-pri. Ilcht snow north Missouri. Nebraska South Da vnt and Kansai Kalr tonUht ami Thurs-n-v with moderate temperntu-p WIs--nnln. Mlnneseta. Ioia Tnseit'etl to-nl-t and Thursdav p'nbahlv lisht snow, u.irmer North Dikota Snow DroViMy tonight and Thursdav rold-r wet Mon tana Un"ttle,t with snow Thursday, 'older Vomlne "air and warmer to nicht Thursda partb eloudy, llsht snow and colder extrem north. Clu'cago. Jan. 1 I. Cohering by shorts and bujing for imestincnt, in i fluenced bv a strong tone in the cash article, stiffened corn futures materially 'today, following further recessions in (lie in'tial trading, when pressure was MARKS AT LP" RECORD I 'XCof business was moderate. The oninion was exnresspil tlmt- tlm fa. German Coin Touches 1.85 in For-1 cent selling had been overdone, but pes- Net . , lllsh Low Close chee 017 Am Strs 40 VI 0'. 40 ."i Am It pf. till, el i oi'. 3 "." lliill J G 51 51 51 " 1 25 1 Kl Stor 135 13'J 13'J U lOOtieu Asp.117 117 117 3 10S I C N A 331.'. ;!;il, 170 I.k S Cor UlVs lil " HOI.eh Nav. Cl4 (II ?X Leh Vnl. 44 K -1H" 015 l'a K 11. 412'.. 4l'is ion tl'ierce O UO'" L'OV. 437 Phila IJk war ...132 121 40 Phila Co cum nf. 30 35V, 2S7 Phil IClec 25 H 25 " 100 P U T tc 27i 2714 123 Ph Tract (i2;t4 02-'i (!2;i . . 100 tSo Pac.100 100 100 100Trans O 31 31 31.. 110 Ton Bel. 3 3 3 . . 300 Ton Miu. 2-iVi 33V., , 21 if, 4 V, 43 12.. 20 Vj Vj .24 . . 3,-,l U, 25VI Is 27.. V. A . -J.T -10 i u xract fill1- 30 w. 30V V 100 V V, I... rflV4 551 D5V" 1 " 125 tF S Htl.105 105'! 105VI ", 35 War I A: S Si S S4y. m ork It pf 32 .T 32 hx dIMdend Insunnce Co. N. A., tm tNut c .a,(ne made o Lo,.ipartson vlth la&t sa.e on New York Stock Uxchanire. ..X?u' sa,. 4S37 shires, compared with ll.W shires jesterday. Thus far this week, la.tion shires, famo rerlod last week, .'I,. 34 J shar-s Net chee. Sales 111 IIONIIS l".'"i HUn Low Cloto 2 --o Am G V lOlec.'is... Sl SO SO 2 0 Uald I.oco 1st 5s ... Oil 09 00 . . 0 IJlee & Peo Tr 4s ... 05 05 05 . . 3 Lib IWnds 3d 4Vis.. 03.4103.44 03.441.22 1 Pa gen as. H2 02V. 9"V,. U 1IIIIS uo cons tis . . S Head gen 4s 1 V N Y & V gen 4s . . . SI SO SI SO SI SO 03 03 03 4- , Honds, J32400. comranM with J3G.O0O yst.rdav Thus far this week, JUO.OIW bam,; period last week a13 SOU. COVERING BY SHORTS STIFFENS CORN PRICES Cr Situation Still Far From Being Normal Oats Show Stronger Tone Rights to Subscribe PHILADELPHIA NATIONAL BANK BARNES & L0FLAND 147 S. 4th St EQUIPMENT BOND. Railroad Tank Car Marine FREEMAN & COMPANY Member New lurk Murk l'.M'hance 131 CHESTNUT Private Wire to New York Call r.nmliert 4SH0 elgn Exchange Market New York, Jan. 14. At the opening 'if the foreign exchange market todnv iss francs furnished the onlv strong 'eat tire. In almost cverv other class, lei-lines were established from jester 1 la 's final figures. I Trench exchange 'showed a loss of 3 I I'litiines. nt 11.23 for cables and 11.25 for i hecks. Sterling was down to 1 3 73'.. for demand nnd 3.74'i for I cables. Lire were n point lower, nt 13 43 for cables and 11.45 for checks, uther quotations were-: Swiss cables 5.01, checks 5.0.",: guilder eablex 37r' checks 37V.; pese tas cab'es 10.10. cheeks IS); Stockholm cables 21, checks 20.85; Christlauia ables ltl.75. checks ift.Ofi Copenhagen ables IS, -checks 17. S5; lielgian cables 11.17, checks 11.10; mark cables 1.00, hecks l.SSl, a new low record. Aus- trimi krriTinpn 4."",c. In mid-afternoon marks made a new jf" 'uw of 1.S5 for cables and Austrian July '.'. were rpioted .1-. hterllug shatled to 3 72TS for demand and 3.73 for ca bles. Francs were casie at 11.21 for cables and 11.20 for checks. siniism continued oer the monetarv and political situation. Although nn increased movement seemed to be possible, the car situation is still far from being normal and there is no assurance of any accumula tion of stocks at terminal points in the near future. Weather conditions weie favorable. Oats also developed a stronger tone on coveting by shorts and reinstate ment of lung lines, following uu easier start. ItVports of a good export business and nn excellent inquiry for the cash ar-tidi- were the mill's!) factors. Transportation conditions caused con cern to houses that had sold oats to go out. It was said that 750.000 bushels nf rjc hud been sold fur shipment abroad. Ieadln? futures ranged as follows: V'orn (nev delivery Test Onen Hleh Low C!o.a rloc 1 .il'i l.ii'. J .! J.asi l 37' 7)4 BANK CLEARINGS Hank r'earlngi today compared with cor tetpundlnc day lam two jean I iu2o mm mis 'lllla . .i7M4n3n JOO.07li.4T7 $71,H 7S1 Vst.in 74.74S.4lll ,s l)4.ILM B'J.103.833 .', H" nn mwiku l hicaeu. 1?0.207 t"iS 1,3.070 231 . . N V 0111 033 207 eT2.llhT.Qltt 57U.170.:ils St Ixiula 32 S3U.4K2 2V, 831. 384 . . . Soiti or "Bond Talk" P.WJKiWv,KS&?vZ NCORroaATto lift Uroadw.y block. Eich. nidr. NEW TCOHK ( Main Bt nanxiKiimr I'tULADISLPKIA. 60 StaU BU UU91VH Oats- May . . Julv .. York Jan. . ..3S 60 Lard .MHy . . 21 SO Jul nibs .May . 20 in Julv . . .20 73 Hid 1 al l.aaT, 1.31', 1.30 1. .!. 1.30 R2 Tn, R0i 71". :i3 1.314 M', 1 32 M'. T3'i 24.no 2,J. n 20 17 20. 7T 21. TO 25.00 20 32 20.1IT 3S.50 SS.fiO 21.' 77 23 1)7 ' 03 24 SO SateH S no 700 S00 400 oo 3000 loo oo 00 rio 810 CJ10 300 180 200 J01 27f.) 00 710 ,100 ?10 81!) 5100 200 S-1 300 100 3500 300 100 3000 100 200 3400 703 100 100 131.00 31010 mo 1010 100 oioo 310 200 loo sou S03 400 210 2110 100 ico 63010 3.50 nildwn Locomotive. 11SH 7 Baldwin I.oco pf 102 Vt .. Baltimor.i & Ohio .... 31 Yz 4 Baltimore & Oh'o pf . . 47 "i 8 Barrett 120 Low 112 70 ! 84 1U 1 Am Hide S Loath pf..UC',4 Am tco 45 C Am Ico pf H?4 0 Am Iiternot Corp ... .1I1V4 3 Am Unseed 77 U 7 .Am Llneecd pf 83 M 0 Am T.ocomotlVrt 09 7 Am Lccomotlvo pt ...loii',4 Am Sh p & Commerce. 27 4 Am Smelt & Ref OS Am Smplt e Ret pt . . OSI'i Am Smelt Sea A Sl? Am Se?l Fou"drles .. 4t?a Am t-el Furies pt . 93'S Am Sugar Ref 135 Vz Am Sum.itr.i Ton .... R4!4 Am Tl & Tel 07'i Am Tobacco 207 Am Tobacco pt new. 97 Va .. Am Tob Sea temp ctfs CO's 7 Am Woolen 154 .. Am Writing Paper pf. 55 . . Am 7. no Lead & Sm. . A'a Am VJvc Lie S pf... oS'-i 4 Anaconda Copptr .... Cl'-a .. Asscti Realisation .. 'V2 Aso Hrv Oeod3 iVl1 0 Associated Oil 11? Vi 0 Af h T p it S-inta Fo f 3'4 ." Atc'i Tp Ss S V pf... 70 V2 . Atlanta BIrm & Alt. . . 7H 7 Atlant'a Coast Lino .. 00'4 10 Atl Gi'lf & W I S S. . .11.2 Auto S-ilea C tern ctfs. 18 Auto S C tern ctfs pi. . 30 7 0 3 7 7 to 8 20 G 310 13)3 tan 1510 20 ?0 21010 100 200 700 1300 2G011 100 500 500 HT noo 23O0 200 3100 3900 100 431.) 300 100 1010 3000 100 too 1110 17 '0 500 100 700 200 200 100 3000 14 0 100 400 500 co 09 no 101 '200 loo 100 1200 700 too 200 400 400 2P0 871 200 9310 8)0 4 i 100 7 100 100 100 100 4i 103 11 1 400 10 0 n o 100 8'0 100 10 1 too 8010 013 400 500 100 6310 400 1500 8400 200 100 1700 1600 UOO 1600 100 5000 13 '0 300 100 1800 200 9410 12000 lr.io 7K'I0 300 200 100 100 15)0 100 ( 23 . Bethlehem Motors " Bethlehem Steel B . . . 06 7 Bethlehem Stnel 77r .07 8 Bethlehem Stl 8 pf..H3?s . Booth Fisheries 14 . Bklyn Rapid Transit. . 13 Bklvn R T ctfs of dep 9 7 Brown Shoo pi 997s 0 Burns Bros IK iO Butto Copper & Zinc . 10 16 . Butte & Superior Cop 28 Vi Caddo Central O & It. 23 Vz 6 California Packing.. . 81 7 Cal fornia Pack'ng pf . 75 . California Pctr"leum . 42 Canadian Pacific... I"0i4 Caso J I Thresh M pt. 99 Central Leather 85'4 Central Leather pt . 10S Certain-teed Prod .... 58 Cerro da Pasco Cop . . SB'J Chandler Motors 120 Cheapake & Ohio ... 54 Ch' Gt Western pf . . . . 23'4 Chi Mil & St Paul . .. 3GV4 Chi Mil & St Paul pf.. 6t'4 Chi & Northwestern. 86 l'a Chi & Vofthwest pf..H7 Chi Rock Isl & Pao . . 205 f. Chi R I & Pao G pf . . 60 7 Chi R I & Pao 7 pf . . 70 7 Chi St P M & O pf... 90 . Chllo Copper 19To 3 Chlno Copper fO's b Cluett Peabody 93 . Coca-Cola 9!4 Colorado Fuel & Iron. 42-14 Column Gas & Elec. . . -64 Col Graphophone ... 57 Col Graphoplnna pf.. 92 Cojo & Southern 21 Comp-Tab Record .... f3 Con Cigar pf 81 Consolidated Gas SO'i Consolidated Textile . . 28 Continental Can 89 Cont Can pf 101 Continental Candy . . . 12!4 Con Interstate Cal M. . 18 4 Corn Products Ilef ... 83 i 12 Cruclhlo Steel 207 7 Crucible, Steel pt 99 . . Cuba Cano Sugar .... 51 7 Cuba Cano Sugar pt . hi'z Delaware) & Hudson . . 93 10 Del Lack & Western.. 185 . . Denver & Rio G pt.. 12 Detroit United Ry 101 Denis Mines 12'2 Duluth So S & At. . .. t Durham Hosiery 64 Rik Horn Coal 27 V, 1 3 7 Kmerson-Branting pf. 90 5 nndli.-ott-Johnson . . . .137 7 Kndicott-Johnson pf..l03'o .. Urie 3 i' .. F.rle 1st pf 19'5 .. Hria 2d pf '4 8 Famous Players-L . . . h9 .. Federal Mln & Smelt. 12 yi 2 Federal Mln Sm pf. 30 10 Fisher Body 129 . . Flsk Rubber 42!4 2 Freeport Texas 32 2 Gaston Wins & Wis. . 1'U 0 General Cigar fUz 8 General Klectris ....167 12 General Motors 317 6 General Mot-rs pf .... 8G'2 6 General Motors dob.. 83 4 Goodrich B V ?9'2 7 Goodrich B I' pf 10H4 .. Gr:.y & Davis 44 Vz 7 Great Northorn pt . . . 7Si,' 4 Gt Northern Oro ctfs . 3'b ,. Greene Camnea Cop . 37 .. Gulf States Steel Us 7 Illinois Central 90 6 Inspiration Con Cop . 5614 .. Interboro Con Corp .. 4 .. Inter Con Corp pf 12U 5 Int Agricul Corp pf.. 9'2 6 Int Harvester 127'-2 7 Int Harv pf new . ...113 .. Int Mer Marina 46 6 Int Mer Marina pf . . . .110 .. International Nickel.. 24 .. International Paper.. 81 .. Iron Products Corp. . 47 2 Jones Bros Tea 287 .. Kan City Southern ... 15H .. Kclsey Wheel '8 Yz 4 Kelly-Spg Tlra ISfi'i 8 Koll-Hpg T 8 pt ..103 47U 00 J4 91 91 114' 4Ta 52 08 130U 115 51 "t 14 W 2514 113 4114 62 100 75 Mj 931,2 97 105 25 67 90 "t 8t 42Ta 03i2 HSYz rtYz 96 Kb 2C7 07 662 146 55 19K2 fiSyi 61 akt 62 1151 2 79 7 90 iro 18 30 109 102 31 47 121 28 93 97 113 14 13 8(4 99 Va no 9 27 Vz "VA 79 Vz 75 3S2 129 90 S3 Vz 107 58 56 122 W 54 23',4 35" 50 S5 117 2014 59 Va 70!'o 90 v 19'b rs 96 391,4 41 63 56 92 21 53 81 80 Vz 28 87 100 1214 18 81 Vz 203 99 4914 S4'4 93 B 1S5 12 101 121-2 I ri 23 90 135 162 13 194 11 81'2 12 Yz 30 129 41 31 17 Vt 71 U 107 311 F5V4 8214 75S.il 10114 44J4 76 3S',4 37 77 90 55 4 12'8 70!i 120 113 43'i 103 Vz 23 7.s 40 2S 15'4 785i 134 103 T.vlny'dNet Clofo Chee. 41 Vz - "Mi- Vz 85 - 1 1 47- i iVz 1 1 o "A l 14 1 V 14 MS ) Yt 3 90 4 nt -nt - 114 - 554- 3 -nsra 1.10- 115 - 5U4 4- 1414- 2314- I13H- 14 '4- f.44- leo - 7614 114 93 i .. 97 - 3 54 105 - 3 27 - J4 67 - 1 99'4- 1 81- 3H 43',4- 1 r 135 54- 2 '354- 54 97 Va 267 - 54 07 07 - 147 - 55 -19I4-58'4-ll -554-62 - Dlv. Hales in 1310 2 Kennecott Copper ... 8190 1.20 Keysto-n Tiro & Rub . 304 100 5 Kresgo 8 S 145 3100 0 Lackawanna Steel ... 85'4 100 . . Lako ICrlo & W pf . . . . 10 10 . . Le Hubber St Tlra . . . 3554 510 3.50 Lehleli ValleV 41 7 Liggett St Myers pt . .insj .. Loft Corp 23 12 Lorillard 1' Tobacco . .175 .. Loose-Wiles Biscuit .. OS 7 Loos -Wiles B 1st pf . . 99 Today' Vet Hlsh Low Closo Chie. 3154 30 30- 54 3754 145 83 , 10 too 1030 300 200 100 200 100 100 200 1.75 100 7 Lou svllln Ss Nashville. 110 . Mitnatl Sugar 130 7 Manhattan Kiev guar. 4.1 yi Manhattan Shirt .... Martin Parry 700 .. Maxwell Motor 300 .. Maxwell Mot ctfs ..'. 100 . . Maxwell Mot 1st pf . .100 .. Max Mot 1st pf ctfs. 409 7 May Dept Stores pf.. '.860J 10 Mexican Petroleum . 300 2 Stiami Copper 441011.20 Mlddl" States Corp 2 54 8'4 1 14 14 1 3 54 1 115J4- 82- 7954- 7- no - 160- 454 18 30-3 109- 6J4 10254 .. 31 - 54 47 4- 124 - 254 28-1 94 54- 3 97-1 113 Va 14- 13 - 54 854 .. 99- 54 no - 554 9- 14 27 54- Vz 2254- 1 80- 54 75-55 30 - 3 129- 1 99 54 8354- 1 107 54- 1 581 50 - 125 - 1 54 .. 2354- 54 35 - 80- 1 85 - 1 117 - 3 26'4- Vz 59 - J4 70 54- 99 - 654 I'!- Va ? 14 90 - 2 39..- 41- 154 . "3 - 1 5054- 254 92 154 21 - 2 53 . 81 Va SO 1 2-- Vz 28- 1 SS - 1 101 - Vz 1254 .. 1S- FJ55- 2J4 20554- 5 99- 54 59 - ' 8154 .. 93- 185 Vz 12- Va 101 1254 . . 4 64-3 25- 1 90 - 54 137 115 102- 154 13 5'a- 54 10H- Vz 14 - 83 - 4!4 125i 254 30 !4- (4 129 - 1 41- 3114- Vz 1756- 7154- Va 167- 54 311- 854 r5'4- 1 62 J4- 154 7554- 454 10154- Vz 4454- 54 77- 3854 - 1 37 - 54 783 00 55 - 154 4 - 54 1254 14 Vz 7954 126 54- 3 113 1 43- 2 108J4- 1 24" - 1 70 - 354 47 Vt 2S 1554 . . 7854- 154 133 - 4 103 54 3001 290 110 .113 1500 15)9 200 2101 010 500 800 100 loo 100 100 103 400 Midvala Steel & Ord . . . Minn Ss St h new . . . 7 Minn St P Ss a St M. . . Missouri Kan & Tex . . .. Mo Kan Ss Tex pf . . . . . Ml.-souri Pacific .... . . M & ouri Pacific pf . . 3 Montana Power . . . Mulllns Body National Acmo Nat Anil no & Chem. Nat Anlllno & Ch pf. National Biscuit National Cloak & S 3254 . 39 . 3254 . 3155 . 5914 . 58 .107 .203 2454 . 64 . 5155 . 12 . 72 . 9 . 13 . 25 . 40 54 . C554 . 4854 . 36 . 6654 . 88 .119 76 National Cloak pf ...101 Nat Conduit Ss Cable . 10 National Lend 80'A 290 1.30 Nevada Con Copper .. 16'4 100 . . New Or Tex & Mex . . 40 430 10 New York Air Biaka .1094 1100 5 New York Central ... 69 100 2.30 New York Dock 44 2200 . . New York N H & H . . 26 H 160 1 New York Ont & W . . 1654 600 7 Norfolk & Western ... 0756 1800 7 Northern Paclfla 7954 800 5 Nova Scotia S & C ... W 5000 4 Ohio Cities Gas 47 2900 .50 Okla Prod & Ref . ..' 9 200 . . Ontario Silver Mng. . . 8 100 5 Otli Elevator 131 2000 .. Otis Steel 38 400 3 Owens Bottling Mach . 69 300 1 Paclfio Mail 3S 100 5 Paclfio Gas & Elea ... 58 17000 6 Pan-Amor Petrol T 98 2710 .. Pan-Amor (B) 9054 83 7 Pan-Amer Pet pf ....164 2600 3 Pennsylvinla IS R ... 42 54 -400 . . Penn Seaboard Steel . 32 100 3 i'arshs Bingham ... 4354 100 .. Peoples Gas Chicago.. 3SV4 3590 .. Pero Marquette 28 2000 3 Philadelphia Co 41 16100 . P crce-Arrow Moto- . . 75 100 8 Plerce-Arrow Mot pf.. 10054 4200 .. Plerca OH 21 300 8 Plerci Oil pf 0554 800 5 Pittsburgh Coal of Pa 6154 2S00 . . Pittsburgh & W Va . . 23 100 1 Pond Creek Coal 25 1900 8 Pressed 'Steel Car 98' 200 7 Pressed Steel Car pf.. 10254 1700 8 Pullman 11554 5100 5 Punta Alegra Sugar .. 91 900 . 8 Ra. lway Steel Spring . 07 54 GOO 2 Ray Consolidated Cop. 3176 3500 4 r.eadlng 7554 400 3 Rcad'ng 1st pf 31 400 .. Remington Typewrit.. 88'4 300 .. lteplcglo Steel 47 32300 6 Bepublia Iron & Steel. 11494 8959 . . Republla I & S rts 1 21000 8.70 Royal Dutch N Y 10S54 1200 1 St Joseph Lead , 10 503 .. St L San Francisco .. 10 200 .. St L San Fran pf 2354 100 0 Savago Arms 72 4600 .. Saxon Motor 20 100 .. Soaboaul Air Lina ... 7 400 8 Sears-Roebuck 230 100 1 Shattuck Arl2 Cop ... 12 19000 . . Shell Trans Trading . . 89 41700 .. Sinclair Consol Oil ... 41 2200 0 SIos Sheff S & I 75 12300 6 Southern Paclfio . . . .100 1100 .. Southern Railway .... 21 300 5 Southern Hallway pf. . 5556 1600 4 Stromberg Carb 77 41700 7 Studebaker 105 100 7 Studebaker pt 100 900 5 Stutz Motor 123 500 3 Superior Steel 48 GOO ... Tenn Cop & Chem ... 11 17S0O 10 Texas Co 207 200 . . Texas Co full pd 189 100 . Texas Co Ut paid 193 3-50 .. Texas Co 30 paid 189 100 . . Tex Pac Land Trust . ,323 00 .. Texas & Paollio . ...39 54 100 .. Third Avenue 1354 400 .. Tidewater Oil rts 2354 2G10 6 Tobacco Products ... 89 339 7 Tobacco Products pf.. 10255 88310 .. Transcontinental Oil.. 31 400 5 Transuo & Wins Steel. 6114 100 1 Twin City P. T 31 100 S Underwood Typewrit. .185 4G0O .. Union Oil 35 2200 10 Union Paclfio 12254 800 4 Uu on Pacific pf 67 1100 4 United Alloy Steel 50J4 200 7 United Drug 148 100 10 United Fruit 194 100 .. Un Ity Investment ... 1154 200 .. Un Ry linest pf 2554 15900 3 United Retail Stores . . 9254 1000 . . U S C I P & Fdy .... 21 200 .. U S Express 31 5100 3 U H Food Products . . 73 12000 8 U S Ind Alcohol 10954 6100 8 U S Itealty & Imp 56 24200 8 U S Rubber 130 100 8 U S Rubber 1st pf -....11054 700 6 U S Smelt & Ref .... 72 200 3.50 US Smelt Ss ltef.pt 82909 400 2100 400 2300 400 200 100 1800 1200 100 100 1301) 800 4900 87)0 100 1310 100 200 6400 100 5 U S Steel 7 U S Steel pf 0 Utah Copper . . Utah Seo . . Vanadium Corp 4 Va-Carolina Chem . . 8 Va-Car Chem pf 0 Va Iron Coal & Coke . . Wabash . . Wahash pf 7 Western Union Tel . . Westlnghouso A Br . Wcstlnghouoa n& M. Wheeling & L Erie . Whlto Motor Willys-Overland .... Willys-Overland pf . . Wilson & Co . Wisconsin Central . . 8 Woolworth F W . . Worthlngton Pump 7 Worth Pump pf a.... . 46 ,10654 .11554 . 76 . 10 , 33 . G7 ,110 . 82 . 8 . 23 . 87 116 . S3 . 12 54 . 61 . 30 . 90 . 76 . 28 .127 . 93 34 43 10854 23 170 65 99 110 139 4554 3254 29 3154' 28 3955 58 107 19254 24 57 54 054 12 72 9 12 25 40 65 46. 30 (554 88 119 76 101 10 F0 1654 10 109 1 854 14 25 1654 9654 78 71 46 9 54 8 131 3614 58 37 53 9454 S3 164 42 31 43 38 2854 39 7054 10654 10 9154 61 27 35 90 102 113 88 9655 21 75 33 867a 46 110 14 10554 16 10 2354 72 1854 7 228 12 56 87 41 73 54 9954 21 A3 71 102J4 100 118 47 11 'S 10G 188 103 189 323 37 54 13 54 23 88 10154 25 6114 31 183 33 54 121 Yz 67 50 115 194 1154 23 90 21 3015 71 10554 54 120 '4 116 54 71 56 1054 101 11554 51 1054 53 6 110 82 7 22 56 87 116 42 54 11 5054 29 90 75 28 12354 90 93 3754- 3 145 - 1 83-3 16 - 3 34 - 155 43- 10855 H 23- FURTHER SHRINKAGE IN LOCAL MARKET DEALINGS Slight Price Changes Reflected Complete Laolc of Imc Both Traders and the Public west 0 Fa 170 65 99 110 130 4555 . . 3254 .. 20" .. 3154- 1H 28 3 5955 1 58- 107 l 193 -1055 24 -58 - 654 im 12- 54 72-54 9 12 114 54 '$ Va 1 Vz 5 1 1 1 54 3 1 Va 25 40-1 6554 - ' 4854 314 36 54 65'4 - Va 88-14 119 76 101- 10 F0 - 1G56 - 40 -109 - ,854- 41 25 -1G54-9654-79 54 71 -4G -954-BTi- 131 1! 37 - 1 58 - ,37- " 58 - 14 94- 354 113-4 1G4 -16 12 - 54 31 - 4354 38 -28-3S- 7154 10654 20 -K455-61 -27- 25 - Vi 97 - 114 102 - 154 113- 1 89 - 314 0655- 1J4 31 75 - 33- 14 86- 1 46-1 11155- 3 - 54 100- 154 16 16- 54 2354 Vz 15 3'4 Va 1 1 72 - 56 1954- 114 7-55 228 - 7 1256 - , 87 - 155 42- 1 7455- 1 9955- 1 21- 16 55 74-3 1C254- 4 100 - 54- 118 - 4 48 - 1 1114- Va 190 - 954 188 193 189 325 - 100 3714- " 1315 14 23 - 54 S855- l 10114- 1 ,2514- 054 CI 55 - 54 31 - 3 183 - 3 3554- 54 12154- 1 67-1 50 143 5 194 - 2 1154- 54 25- 00- 2 56 21- 3054- 54 71 - 2 Judging from the further shrlnkngc in the volume of dealings in today's market, the majority of local contingent are evidently content to remain on the side lines nnd look on "rather than to participate in the current razzle-dazzle market. Almost ench succeeding day seems to give birth to some new uncer tainty to further becloud the llnnncial horizon, so that the rank nnd file of the market community are virtually up In the air. No one attempts to prognos ticate the possibilities of immediate fu ture, but nil hands have joined the Micawber club and arc quite willing to rest on their onrs to see yvbnt turns up. With such small business there could hardly be" very great changes in prices. What few were made were slight and were without significance, except in so far as they showed the low ebb to which speculative or market interest in gen eral has dwindled. Kxcept in 11 few isolated, obscure issues it was merely n repetition of fraction chipping, mi eighth here nnd a quarter there, on cither side of the market. If the unsettled state of the big mar ket in New York was taken into con sideration with the spectacle of the fast' melting of prices in the big speculative favorites, the local list may sutely be described as holding up remarkably well. If there was little inclination to buy, there .was an cquul 'indisposition to sell. The more encouraging side light wns found in the fact that every fractional price concession uncovered small underlying buying orders, which served as a steadying influence Trading wns without paiticulnr feat ure of interest because of the narrow groove in which the market idly dnite. Some of the more noticeuule movements was the trading in the Philadelphia National Bank warrants which sold up to 132, ngninst yesterday's bid of 110. The price inter tell uacu to 1.), xne continued odd-lot buying ot Pennsyl vania Ituilroad also eumc in for comment.- Little remains to be said concernitr the other local issues. United Gas Im provemeut, Philadelphia Llectric, Le high Navigation and Lake Superio- Corporation shaded slightly. America- r.. ' . 1 ,.!!. I.M.. T r. T..:11 Diores wns y-j uignei wum- i. v.i. ajiiu gained $1. American Hallway pre fcrred lost $3 of yesterdnv'. r. .. vance. Electric Stora?c Bntio ,1 ah tjuiv ui ine rnnfii)inn i . .. ' investment and money market. ioth lh ,inrnH,,l f... t.l.i' ". "1?rK?'S tho rnm. rn 1 UNITED SECURITY i.ifeCins. AND Trust Company Condition of Business as of JANUARY 1, 1920 Resources Collat- S1,G47,717.33 States 23u,J2a.DU on Loans eral . United Bonds Municipal, Kail road and Other Bonds Loans on First Mortgage Blip. Hou ,e Furn. and Fixtures... Real Estate Cash in Ofilce and Banks G31.174.91 1,095,283.80 200,000.00 213,131,45 200.245 79 10455- 5J4 54 - 54 125- 4 54 11054- 54 71- 54 46 105 - 11554 2 -1054- 53 Vz 16 110 - 82 7- ?2- 87 116 - 43- 11- 59- 1 30 -09 - 75 - i 28-1 12554- 2 91 - 25: 01 154 !4 154 1 1 54 2 1 1 TECHNICAL POSITION IMPROVED IN COTTON Sentiment Bearish on Conti nental Conditions and Do mestic Financial Position 20 17 20. T7 19 .-,0 i'0. 1" DIVIDENDS DECLARED r'onnnlldated Traction of New Jersey, rec ular sern'annual of 2 per rent, paa)tle Jan uary l' aa registered Iei ,.mler 01 Hooks rfijsed lie-ember 31. oprn January 10, Land TlMe and Trua' l'o quarterly of ,', l-er rnt pin able Kehruun 2 aa reglBtere'i Januar ITi Ilmika do not (Iikp New yori' and iionduniN 'toNarlo Minimi New York, Jan. 14. Wnll Street and western firms continued to sell in the cotton market wlil'e there wus con tinued covering of "call" cotton by the trade, which suggested n strengthening of the technical position. .Sentiment in the street was more bearish on the unsettled Continental conditions and uncertainty over the do mestic financial position. The exports for the day were ri0,S2.1 bales, including 22,.r)lS to (Jreat Urituiu. , i2 i ;i mJ No New Offers In Sugar Market New York, Jan. 11. Conditions In O.n rMinm uiinn. mni'iol rl ei, virtiifllli I I ,. .1 i-Matnl ,,F 11 t4,e,it ..n.l ' ,,o ,... '" the same s have obtained for some time !,rci!?! 'r r?i?,rrtZiin',?rCi-br8 J',nu',ry 70 '!' Flam'1' aml S"!l ba,,,H to tUe j , , id 'j-ni'iui "' ' rruni tjftiiiinrjr l tjn!ltinitir nntzr Iluritwift' nt in M m in n ullnr sii"iipu n . -, n,. 11... r-,.1 tn.i. - . i .-t. LODIIIICIH. l-MB. -..."... . v . -I'. iHiii.-.-i.r-.wiiri-ri vU . MUriTI7 I ' ,..., ,p.l v 1 I ,n,t US previously announced to tl.Plr trine, 'or l P-r rent on common, . payable i rebru- Vum orw-h a in no new one-rings .wins reported tuif "'k w. Woo worili Co., quarter.V of 12 on Jan. ... 3s,i.i w.-ia common, payable March 1 to atock f record J'arcn ., m.ia '!;, ? February iu, ,? ..,.. ot m ,, iu i.i . I. va mreanini uacnin j, acaap wuir o..n ,o.u morning. Airbuckic llros. expect to complete their allotment at 10c, less '2 per ccn. lor casu louay, 1:30 p. in. 2 per cent; lor casu touuy. dlrWrnd m&J2, . . - ' "T Hr?i an Threihlnur Machine Co.. a caabiJuly .-.-.-- . ---.- ; , ...... . - - I . irliienu ot iv per uv en I ,,,, TlC"T-i,T5 30.40 35 0T 91, SS 32.03 2.30 P. I". 33.0T aV.ej LIVESTOCK QUOTATIONS (hlraco, .Ian 14. HOGS Hecelnta, 21 -Oon hedd. lllshor. Hulk. fl4 T501BI top, 115.10 hrmy, fll.i5Mi. medium, $14 SO W13 US- llBht, $14 S5SKi 10, llsht llghln. $11 10 14 lid; henvj Packing sows rmooth. 4143J14 5U, e;vkln- sons, rough, 13.r,0l 11. plEK. 113 50B14 51). f'ATTLH Hecelpln, 10,000 head. Slim Beef altera, cholct" and prime, Jlsfiliiso. medium and good, 111 25Q 18. common, 1!) 4 1 1 '.', : lightweight. Bond and holce JH 1)lh."ii). common and medium. IS 25611, butcher cattle, helfera, 10 511114,10. cowa ll .1 DSl 3 25 canners nnd cutters. IS "J5I3 150. eal cales. IIBT.M'flb feeder ateera, 18150, atocker ateers i 7 2551 10 .',0 bHKi:r Hecelpta. 14,IKH head Wraker Uimbs. 117 23lli 75- cuIIh liud common 113 "SODI 75- ewes, medium and wood, 10 Q12, iuIIh and common. 15 J.1 (JS.5U. l'HUburch, Jan. 14. 11008 Hto-ipta loiio hevl. .Market hlslier. lieavles, IISSji 13 25. hcuvv orkera nnd light yorkers, I15.75&1'i.t3: Plea. Mb 15.25. Slli:iJP AND l.AMUS Hecelpta. 1000 head. .Mirket ateady. Top alicc-p, 112; ton lambH. I1M.T5 UALVns Ilec-lnlB, 200 head. Market Stead. Top. I25.1U. Kukt IIuIThIo, N. V., Jan. 1 CATTI.B- TV.- ..ld Q'.ll ItArtjl f imLn fVi !& ....1...- ,4U0 head, nctlve, 50c lilRher, JMJH'3 30 liuus 1'eieipia, 21UO nead. 1 ')';,) j( higher. 1'eavv. 115 00, mixed, J13.T5 ork era. 115 Ti'a 13.85. Hs-hl mkera and pls, 115 T5, roughs. 113 50V13 75. bUiL's. lu'(C 11 50 rlliunr AND I.AMIIH Itecelpta, 1200 head Uirnbrt, 40o hluher Lamba, 1114k 2l).OJi TearlliiBK, 1104) 17.. In; wellitiri, t'J& 13; ewiii. I40U; mixed dheep, 111. 004112.50. n TV1' .?1.4.?9'6.15-. medium. II 1.8015 03, lUlll. 114 S0-J.15 U3, light llgl is, $H25f'l J 5 . he.is packing soi, smooth, 113 25t "i?Uffsur8 H"r-,oue"' ,-30". CATTI.K nerelpta, 1)000 Head hleady Beef steera medium and heay, choice and PHnie, lli,9li, medium and geod lllj 1 i is, common. I;i(!( In 75; light, good and Sff'.-V".! ..V3?0!11 n0: common and rnedldm, 18S1J.23. butcher cattle, helfern, 7fi 1(1 cowa, tiOls.10: canners and cullers $5to is iii,B? S1"",' !iBnt a!,d hand' "'eight. U oOCr'8 3u. feeder tteera.--w 8.3Uitl" eloiker steers. I7W10 50 1"1 SIIKEP Receipts. 1700 head. Lower, h"..?., 1!-J'10 30. cullb and common !12fflll, eaillnic welhera. I13&17. e,s medium and chnlce. lb.3ueil.5U; culls and wmmon Jl 73W8. io.v,rKe,dcl,5v,,t!uT,!,0ciRIrif41'!!o'' ..........,,... will BiiH,,! i : U3Sin ". 41JUUU1I23, , CATTL13 ReielntB, 12 000 head Slroni J.";.'. ucel a'.eeiB. cnolre and prime tin tt. and i:on,l ll't itfflii .,. ceinmon. lij5iifi:i 13; light. i.-oo,i , I $4,1'20,778.81 Liabilities Tapltal Stock Jl, 000,000, 00 Surplus, Reserve a n d Undivided Profits 1,094,777,20 Bills Payable on Liberty Bond's. 130,000.00 Deposits 1,896,001.52 $4,120,778.81 Capital. Surplus and Profits, Over $2,000,0 Gth and Chestnut Sts. paratively few bids made fm. ., cow' So-,000,000 loan created I ttle ,J 1C' citf llunncinl circles. The-e l,S"ntpri,se 'n profit to bankers In handling tl, i ftri!" "''illn!'natteVe1S that has nlwnva '...;.i ,.,V.VU.' lblile hnnknra ron.l,. . i""".. l ""OUClllliln offerings, nt, reasonable fmLm.l!.1:I(:lnl pctitivo bidd ug. At the nrieo i C0P the bonds yield close to ?l.3?,rde iu view ot tne high recnnl iu , "' municipal issues X'S, ,ff there should be no difficulty in nl,? ing the new issue, which is Lit ?'? $12,400,000 general imnrove " - ' ' nutnomeu recently by City Coiicc 1, NEW YORK COFFEE MARKET n. ""ii Jan. 14. rp. market wns mtl,r 0..:i!. ...,c com ' ing and steady' cables'; ' btl" s SSi-l a covering of shorts with call l?, elU 10 i, points above the previous V "... " !'0V'? '!,,rL.n,dv"n5.c.'. !lowevor, wa, n0( . 0..UjU,tu uU uiounu midday Jlnrri, 1 sold down to 15.77, JInv to ir n? ' July to 10.10 and DcccinbeMn ib l02' ' Sentiment was nervous and unsettle and much of the selling wns nttriffl: io inuiuuuou ot long accounts wh eh seemed to emphasize the less favorable conditions abroad. ""raoi 10 00 IflnJ March . . . , May July September Bid. . Ten. CIoko lB.70(ilTl in.K7lS0 "in on 10.00008 10 1S 10.8588 '1D.8I in oo RAILROAD EARNINGS BUFFALO, ROCHKSTKP. AND PITTS 1'lrst wcelt January.. 203,117 DecreaFO '30,MJ f I Lt'( I 00 ,J.Jflf IB! niiw Province of MANITOBA dco Bonds due January 2nd, 1925 Price 97.89 and interest to yield 6!2 Send for descriptive Circular T-210 E. H. Rollins & Sons 1421 Chestnut St., Philadelphia. Bosou New York Buffalo Ubany Chicago' San Frahchco 4- Safe Investing is merely a matter of knowing where to buy your bonds. Get Our Advice Frederick Peirce & Co. FOR 'SONUS 1121 Chestnut Street INVEST SiriNT rhlladclulila i Toledo Traction, Light & Power Co. 1st Lien 7 2-Year Gold Bonds An attractive issue offered at a price to yield about 7y2 Complete circular upon request for PE.I7U TheNationalGty Company CorrMpotidciif o.tflce In over SO C(tl Philadelphia 1421 Chestnut Street Atlantic Citjr Chalfonte Block 1225 Boardwalk I 1'nlnn ItnllHay. Gnu & Klectric 5m, 19J9 , PpnnMlwmlii Wnter 4 I'oer 'o. r,. mln Tampa (init Compmy 1st Jltee. 5h. 19.11 I'nlon Traction Co. of Indian I fli, ID.".! 1'ublle SeMlce Corp. of N. J. 7s, 1022 I'enn Central I.'slit 4- Power Co. 3s, lull) rnrtlnnd Ity., Light 4 I'ower Co. Bh, 1943 IndUnupolls Trac. 4 Terminal 5, 1031 rcnnHjIinnht Coal & Coke Co. 5i, l(l' Tennessee I'ower Comnanv lkt Km. infl' Ft. Willie 4 Wnhr.ah Vnlley Tr-c. B, 1934 ll Samuel K. Phillips & Co. Members rhllnilelnhla Stork Kxilninee 807 C1I1SSTNUT ST. Investment Bonds Welsh Brothers 328 Chestnut SrnEBT I'hlljdelphU Lombard IMS Phila. Nat. Bank Warrants nought. Sold, Quoted , when, as nnd If Issued HENRY D. BOEHMNG & CO. STOCK HXCHANfiE nilll.DINO Direct I'rlinte Telenhono (o New Tork .Members I'hlla. Stock Kidiante Empire Ref. 6s, 1927 Jer. City HobYn& Pat. 4s, 1949 (North Jersey it. Kwy. -rs, IV-to Tenne. Ry., Lt. & P. Com. & Pref. iocimt 5101 land TitU Bldg. Rare H THE TURN OF THE TIDE THE TIME TO BUY BONDS IS WHfN THE PRICE IS LOW AND THE YIELD IS HIGH. THAT TIME IS, NOW 6TUDY THE EVIDENCE. SEND FOR YOUR COPY OF "THE TURN OF TUB TIBAKER, AYLING & YOUNG LAND TITLE BUILDING BOSTON PHILADELPHIA Milt,, tu 40. medium iiiniie -- litvvil.ail. comilian nn.l n,ii 'H 14 ters i.iia, uuitner chu e, he fern III T.ui J .ft 12 50. rannerJ an,i V ,7. iers J., law u no. en calves. 11 a '.eoiiu. iVuV""' ,&W13-3' "'"d'or teera! lii.js hlIh.KJ'neeelpts. 4000 head Ktroni.. .amlia. lldnOttlDSO. culle nnl ,,!.;" ea-iin wethtri). 114 sfli 1 "illfllS: !1S---M New York Metal Market nu'. t.i.'.""V..l7."i ";--rlopr"'-.- month.. llllllllllllllllllllll Illllllllf llllllllllllllllllllllllltlllllllllHIIIII C. i:i,.MKK WIKfJNKK. C. I'. A. C1IAUI.K9 S. RbCKISV. C. V. A. 5 Messrs. Wiegner, Rockey & Co. CERTIFIED PUBLIC ACCOUNTANTS DREXEL BUILDING PHILADELPHIA s TAKU J'LKASUIUl IN ANNOUNCING THAT S Mr. J. K. Mathieson, C. P. A. HAS BKBN ADSlITTEp AB A TAHTNER IN TIIEin VlttU 51 E..t;,.v.u,,J:n.J,.-noa8net.i,, KSS-fe'' I Mtors 23.V00 hd. HWone, IJulk, fU.POWlSj SSJ"' " mcm". P-B J,35o. Jlarkat EIIIIIII SYSTEMS TAX RETURNS U : 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 e 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 j i ii 1 1 m 1 1 1 1 1 : 1 1 r i m 1 1 1 1 1 1 1 1 1 a 1 1 1 1 m J 1 1 1 r 1 1 1 1 1 1 1 1 1 1 1 1 ir: j WwiMriv ' I vti L-H- W-5TTT- -TrT-Te-t-Ofc f "f .uMk. . Mfi . vrsr? ' ,i I JM .'--:-- , tl
Significant historical Pennsylvania newspapers