fit ty, - r JvrflWT a 4 "7,-m,r-- - . 'J ,V' Wu s ' It r j " a, :?- -- $&: EVEtfEto PUfillei Et)aE-J?HlMDELPEIAr THURSDAY, JANUARY 15, 1920 7i I THE BENEFICIAL SAVING FUND SOCIETY OF PHILADELPHIA No. 1200 Chestnut Street Incorporated April 20, J 853. lnflsHlMHp' Willi l ll i dHi l(fiIISIi I HI Ml litJ fnM l?: I lllr I j I'd III i fti m M m m 1 ! ii fl i in lis H Wi fMi II II iH I I i I m I s$v i i 'JD I ti 9 l!M IN Em j jfl I f) U n "N w E1 II KmSS I IM 111 If JEJJJLU BfJrs 8-1 Statement January 1, 1920 ' ASSETS United Stte3 Bonds and Certificates of Indebtedness..? 3 297 836 00 Philadelphia City Loans, 1,000,000.00 Municipal, Railroad and other Bonds 12 083 000.00 Mortgages 3 lll's'o'oo Call Loans on Collateral Security 1,'g49!315"oo Real Lstate 4 809,000.00 Cach 1,710,544.92 Total Assets nt rar . . . ,., Assets as charged as per ledger Dae Depositors Surplus ! ,.323,667,515.92 . .?23,1S7,515.92 ... 21,298,999.30 ... .$1,888,516.62 Number of Depositors, January 1, 1920 .20,103 Increase in. number of depositors for 1919 1 634 Increase in Deposits for 1919 $2,913,61(5.80 INTEREST PER ANNUM IGNATIUS J. DOIIAN, President JOHN J. MacDONALD, Vice Pres. ALFRED J. MURPHY, Vice Pres. and Treasurer LOUIS E. PEQUIGNOT, Sec. and Aral Trias THOMAS H. CULLINAN, Abst. Treasurer ANTHONY A. HIRST, Esq., Solicitor UlttA J. Murphy Jeremiah J. BulllTan Unttlus J. TJohaa Chtrtei A. Hcllaaus Joan T. Dehaa John A. Doutnerty Walter Oeorst Smith MANAGERS Anthony A. Hint Isnatluj J, Hontmann George W. N ils John J. MroS .laid James K. Keller Joieph JI. Engel Edward J. Doner Joieph C. Trainer Hon. Joih F. LamoraU John . Lonerg-an Thomai Devlin Ulchael F. Jtamon Henry C. Eillnc Henry F. Mlchell William J. Doyle NEW YORK BOND SALES Rnmmnry of Individual Transactions on New York Uxclians Adnms Express 4a spoo ..,. r.TUt All & West Ry 4s 1090 .... 13Y Am Ag & C C U 5s SOOO . . . 90 m Cotton Oil Gb 1000 .... 80 Am H & Kef Ou 5a 1000 ... 10000 ... 1000 ... Vlu Tel & A000 . . . 1000 ... 1000 ... id . 3000 . . . 3000 . . . 3000 . . . 2000 ... Am Tel & S000 1000 KO0O 2000 3000 11000 80 83 V4 HSV4 l-e I :lt 78 70 70 'If I S 82 Ya 82W 82a 82Mi 'IV I Cm . . 09W 00 4 00 y aim 00 00 Am Writ Paper us 2000 .... 82 Va 1iKlo-Fre11cl1 U 5a 400000 2000 100000 r.ooo 1000 1000 1000 1ZO0O 73000 4000 2000 1000 4000 3000 3000 22000 2500 r.ooo 10000 soooo 2000 sooo 2000 ooy 08 S OGVl ooyi 00 ooy4 oo c oo s noyi so oy OO'i aoy4 oo v 00 3 ooyi ooy oy4 aVi 06 3 oo r 00A ooyt What is an Institution? We have prepared a folder describing a widely-known New England manufacturing company which has been successfully oper ating for so many generations that it is regarded as an institution in an industry for which New Engjand is famous. We are offering the Preferred Stock of this old-line company, to yield o o O Shall we mail you a copy of this Folder PPL-3G1? Hollister,Wtiite 8c Co. Boston INCi'it 'Oltvr u North American Building PHILADELPHIA Providence KpriiiBdeld Lh r.' II Superior Oil THE long life of Kentucky oil wells is indicated in the U. S. Geological Sur vey Department Bulletin for the year 1916 published April 26, 1918. s Previousto January 1, 1912 there were 563 wells Wells completed during five years 1298 wells In operation January 1, 1916 1861 wells In five years the report shows that no wells were abandoned throughout the whole stale of Kentucky Quoted on New York Curb Circular on Request C. E. WELLES & CO. Members Neiv York Stock Exchange 71 Broadway New York Atcli T &, H Ko iidj 1000 .... 71 A tell T & S Vo 4b 1000 .... 70 2000 .... 70 Atch Trans S j 1m 1000 .... 70 SOOO .... 70 Atl Coast Llnf clt 1000 70 1000 .... 71 Allan Coast Line Is 7000 .... 77V4 1000 .... 77 3000 .... TOW Bait & O 1' I, K & West Vlr sys 4a 2000 .... 58 2000 .... 67!i B A: O Swest .13 1000 74Td 10000 .... 74 3000 .... 74?i 1000 .... 74 1000 .... 74V2 Baltimore & Ohio cv 7000 .... 01'.. 2000 01 M: 2000 .... Gl& 1000 .... 01 M. 1000 .... OlOi Haltlmoie & O -lis 7000 .... 82 2U00 .... 83 3000 .... 83 3000 82Vi 'altlmoro & Ohio 4s 1000 .... 04 Vi TiOOO .... 0.1 2000 .... OSVj 2000 .... 06 3000 .... 05 Vi Baltimore & Ohio 5s 2000 .... osyi 3000 .... 0 .-,';, ' 1000 .... G5 6000 .... 05 Baltl & Ohio RU Cs 2000 .... 00 2000 .... 00 1000 .... 90 1000 .... 00 4000 80i 0000 .... 80 Belli Steel Corp fd 2000 .... 85 Brk Union G Co 1st 2000 C2Mi Brook I'n Elev 1st 1000 .... 03 Bsf R & P Ry 4Vjs 2000 .... 83 Mt ' Bush Term Co fd 1000 .... 80 Bush Terminal 5s 5000 .... 80 1000 .... 80 Cal Q & Ulec C 5s 10000 .... 80 1A Cen of Georgia on 1000 87 3000 .... 87 i nt of Georgia 6s 3000 .... 03 2000 .... 03U Cen R R of N J 53 3000 .100 'lies & Ohio VAa 1000 1000 ... 51100 . , , Chewipeak 4000 ... 70 75 . 74 & O 6s 93 lies & Ohio cv 49 .... IS'A .... 75 ,,.. 75U .... 75Vi . ... 75M Ohio cv 5s 70 79 70 70 . 7-Hi ... 70 79 Ms 2000 4000 6000 1000 5000 7000 10000 11000 3000 i'f 1000 2000 1000 I'll' At W hid It 4s 3000 .... 89 I'uppvr U 12000 7000 1000 1000 2.1000 1000 2000 2000 80 80 80 80 80 79 80 80 Clly ,if MaiBi-lfs Oh 7000 . . , , o 6000 .... 02 Cof NYis of C3 1000 ....100 8000 ,,.,100 Cof VT 4,isof 04 1000 .... 04 Clt nf I'm Is II 61 1000 .... 02 City of Toklo U 5s 1000 .... 69tt 5000 .... 50 c r r & st i, Rm 4s 10000 .... 03 Colo & Jo Rwy 4 Vis 5000 .... 74 12000 .... 73 2000 .... 73 2000 .... 74 C & 9th Av Ry 4s 1000 .... 60 Consul Giih Co cv 2000 . ,.. 90 Denver & Rio G fd 1000 .... 46 Den & Rio Grand 4s 3000 . . . 00 Detr & Rio Grd 4 Vis 2000 .... 72 Dom of Canada 21 3000 .... 00 Dom of Can ot 28 1000 .... 94 Dom of Canada 20 4000 .... 00 Dom of Canada 31 0000 .... 01 1000 ....'01 1000 .... 91 4000 .... 02 Erlo General Men looo .... 40 3000 .... 10 2000 .... 41 Erlo Rail Road 4s 5000 .... 58 Frii' ItallRoad cv D 13000 .... 38 Hudson & Man fd 2000 2000 , 3000 100(1 Hudson 3000 50 . 59 . 50 . CO Man In 15 Illinois Central fd 10000 .... 74 7000 .... 74 6000 .... 741j 111 Central 4s of 53 5000 .... 08 Illinois Central 5V$s 4000 .... 93 Imp Jap Govt 1st 12000. 5000 8000 moon 10000 78 79 78 79 78 Imp Jap Govt 2nd 5000 2000 5000 4000 4000 70 70 70 71 76 Imper Jap Govt 4s 30U"0 .... 02 3000 .... 02 Indiana Steel Co 5s 4000 02 Ir1 ter Marli 63 3000" 3000 1000 8000 8000 1000 94 94 94 94 94 94 inter Met Co ct 4 10000 17 1000 .... 17 Tntor Metro Co 4$s 15000 .... 18 1000 .... 18 26000 .... 18 9000 .... 18 Inter Rap Trans fd 52 62 G2 52 62 52 52 53 Chi B le Qulncy 4s 5000 05 25000 . . 95 1000 95 5000 05 7000 .... 05& 3000 . . . 950s 10000 .... 05 11000 O.IKj 60000 .... 05 10000 05 5000 .... 95 ' Chi & Grt We 4s 2000 60g 1000 .... 50 2000 . . . 60 5000 ., 56 lino . . flfl 1000 .... 51 C M St 1' 4.s of 23 5000 .. 72 1000 ... 73 2000 . . 72 CM & St I'Em 4s 3000 77 2000 .... 77 Chi M & St P -n 3 3000 . .97 C M & St V cv 4 14s 1V maintain tt eyccial department for the convenience of Liberty Bond, customers Liberty Bonds Bought, Sold and Quoted Call, Phone or Write Liberty Bond Department West & Co. 1417 CHESTNUT STI1EET W AIwr Uv on Uri4 LI. J of Ulcb Omd Uoud uurrpuudnt Invlt4 8000 1000 2000 7000 1000 8000 2000 moo Iowa Central RR 4s 1000 it Iowa Central 5s 6000 69 2000 .... 71 K C F S & M Ry 4s 1000 .... 68 Kan t:lty South 3i 11000 57 1000 .... 57 Knns!iJ City So 5s 1000 .... 73 L S A JI S 4s o 28 6000 .... 87 U S & M S 4s of 31 3000 .... 82 3000 .... 83 2000 ... 81 LflilKh Vui R Co Us 1000 ....100 Lex & East 5s 2000 80 1000 . . . 86 2000 .... 86 Lome Island Hit W 1000 .... 69 1000 .... 60 Louis & Nashv'o 4s 8000 .... 82 5000 .... 83 L &. ! RR & S Ry Vono 4 s 2000 .... 61 MMt S A Old t.'o 5h 1000 1000 12000 2000 1000 85 . . 81 .. 84 . . 84 84 1000 10000 1000 4000 16000 5000 SOOO 6000 07 67 OB 67 68 07 67 07 Chi M & St T cv 5s 10000 . . . 66Vj 1000 . . . 06?i 2000 .... HOTm 4000 .... 66 I' S. Nwi'st 5s ot ST 4000 97 8000 ... 97 5000 97 Chi & Nthwest cm 500p .... 78 Chi R I & Pacific fd 2000 , . . 66 1000 . ,. 66 li . It I A I'hu 1000 .... IS Chi Unlo Bta 4s 1000 .... 82 Mo Kan & Texas 4s 2000 .... 00 1000 .... 60 3000 .... 00 Mo raultlc pm Is 1000 50 Mont Power Co 5a 1000 85 Morris S E RR3is 2000 .... 70 N O Tex & Mex 5s 6000 .... 65 1000 .... 55 23000 .... 55 N V C & II R It 4Vj 1000 . . . 77 1000 77 N Y C & II R R Cs 12000 .... 112 1000 92 3000 .... 92 4000 91 XYCS St L D 4s 1000 .... 01) 1000 .... 60 N Y Chi & St I, 4b 1000 .... 80 N Y Con i: 4Hs 9000 .... 78 1000 ... 77 N V Nil HI 6s 6000 ... 71 New York Rwys 6s 6000 ... 7 6000 ... ? 10000 .... 7 Is' V Railways ct 5s 12000 7 5000 ... 7Vi N Y Telephone 4Ws 3nno . . . 80 5000 . , .. 80 N 1 rcleplion h 69 2000 . . . 00 2000 od 1000 . . . 90 2000 06 Northern Paclflo 4s 8000 .... 77 4000 .... 77 1000 .... 77 0700 ..,, 77 13000 .... 70 2000 .... 70 No 8 Power Co 5s V 10000 . . . 81 1000 .... 01 N'orf & Western 4s 2000 .... 78 2000 .... 78 Norf & West cv 63 10000 ....103 Oregon Short L Is 1000 83 1000 .... 83 Ore Wash RR Co & Navl Co 4s 200O .... 71 3000 .... 71 1000 .... 71 1000 .... 70 I . . 11 Ugi 'ilt 4000 82 I vlvnnia .'( JI 1000 .... 91 1000 .... 01 10000 .... 01 Pub Ser C - N J 6s 5000 .... 60 Reading R R Co 4s 6000 .... 80 2000 .... 80 Seali ard Air L fd 4000 .... 49 2000 .... 40 5000 .... 40 13000 .... 40 Seaboard Air 1. uj 6000 .... 38 6000 .... 38 9000 . . . 38 1000 .... 38 2000 .... 38 S.abo'd A L sta 4s 4000 .... 60 l-IIl Puclii fil 6000 .... 78 44000 .... 78 1(100 .... 78 Soiuli Pacific cv 4s 6000 .... 81 13000 .... 81 1000 .... 81 6000 . .'. . 81 1000 .... 81 South Pacific cv 5s 1000 103 South Hallways 4s 6000 3000 6000 1.1000 1000 . . 00 . . 60 . . 00 . . 60 00 So hern Hlv os 2000 1000 85 , 8.1 Southern Rys Co Gs 1000 .... 92 St I, & San Fran uj 2000 .... 00 1000 .... 00 1000 .... 60 21000 .... 00 St L & San Fran In 6000 .... 43 7000 .... 42 1000 .... 42 4000-.... 12 1000 .... 42 St & San Fr gm Cs 3000 ....102 1000 ...,102 St L & San Fran A 1000 .... 68 3000 .... 57 . 1000 57 4000 67 1000 .... .17 5000 .... 58 5000 .... 58 St L & San Fran B 1000 .... 70 35000 .... 70 St L & Swest 1st 10000 .... 63 2000 04 Texas Company Cs 3000 103 Tx & Pan Ry 1st 1000 . ... 85 U K of Q II & I 21 6000 , 1000 2000 3000 1000 4000 1000 3000 06 00 05 05 00 96 96 90 Untd K of a n & I rets of 22 3000 .... 05 100000 .... 04 1000 .... 05 2000 .... 05 Untd K of a B & I rets of 29 1000 .'. . . 9.1 1000 .... 05 1000 .... 95 11000 .... 01 1000 . .-.. 95 U lv of G JJ & I 37 8000 .... 00 8000 .... 00 1000 .... 90 1000 .... 90 1000 .... 00 Union Pac R R cv 1000 .... 86 Union Pacific fd 1000 .... 78 "6000 .... 78 Union Paclllc Rlt 6t 1000 ....102 U P. of S F un ct 4s 2000 2000 28 28 L' : ileal & Imp a- 1000 1000 1000. 1000 3000 2000 2000 5000 1000 1000 1000 81 81 81 81 81 80 81 81 81 81 81 liubber 'o n 2000 6000 II II 01) 3000 3000 0000 4000 1000 2000 2000 87 87 87 87 87 87 87 87 87 87 10000 ....102 U S S JI & It Co ts 4000 ....101 U S Steel Corp cv 4s 2000 56 U H Steel Corpn 5s 300(1 3000 1000 3000 2000 1000 2000 1000 10000 1000 Utah P 1000 ...,,00 , ... 09 09 ... 09 99 , ... 99 99 , ... 99 99 ... 99 f; L Co Cs 84 West Pacific RR 1st 1000 .... 84 1000 84 Wilson Company cv 1000 2000 1000 8000 5000 6000 6000 95 95 95 05 9.1 9.1 95 Wilson Conip llrsts 1000 .... 98 . .. ... nigh Low Lib Rond ."Hos... 08.01 OS.'iC Lib Bond 1st 4s. . 02.40 il'J.lB Lib Bond 2d 4s.. 01.2(5 01.00 Lib Bond 1st 4s 03.20 02.02 Lib Bond 2d 44s 01.5(5 01.40 Lib Bond Sd 4is 0.n,.l54 03.50 Lib Bond 4th 4s 01.155 01.14' "S ictory Xoto s 0S.C0 DS.fiS Victory Note 4-lis OS. 70 0S.C0 1:13 V. Ml. 0S.02 02.28, 01.14 03.00 01.40 03.0S 01. CO 0S.G0 0S.G2 LIVESTOCK QUOTATIONS ChlonKo, Jan 15 HOGS Receipts, 3d.. 000 head. Higher. Built 15.1015 40, top. $1.1.43 lieaM-, ll.tiotflft 3.1: medium. 115.15015.40. llBht, 113 '.'00 1.1 45; lleht Ilellt.H 114 75 1.1.25; lieay packing tows, tmooth. Ill 25M4.8.1: parkinR hows, roush $13.75 011 25 Pics, $13 750,14 75 CATTLE Receipts 11,000 head Tirm Beef strs. medium and hea3. choice and prime. llSiSlO.lu: medium and guod. $11.50 Gtls; common. $9511.50; ltshtwelght. eood and choice. $1418 50 common and me dium. $S,2.114, butcher rattle, heifers, $ll.1014.50: cows. $11.50613 2.1: canners and cutters $5 25(5'0.50, eal calves, $10 75 fil8, feeder nvers, 8& 12 5D, stockcr steers. $7.25010 at) SHKEP Itecelpts. 12,000 head. Weak. Lamtis. $111 751U 05; cu'ls ?.nd common, $in.7,V(i 10 51. ewes, medium, eood and choice ID'S 12, culls and common, $5 25fip 8.50. rillsi'iircli. ,ian. id. iiuus ueceipts. 3000. Hlsherr Heavies, ?15.25Sil5 50. heay workers, $101U.10; jorkers and pigs. $15.2.1 1.1.51) HHEEP AND LAMBS Receipts llsht. Steady. Top sheep, $12: top lambs, $10.5. fr.Vn2 ll.nalnle i.la l,sn,l Ct.,Hi Top, 121. BO. i:st M. I.1111I1, III.. Jan 15 HOQS Re ceipts. 17.000 head Higher Bulk. $15.25 'a 15.40; heavy. $15 ld'Ci 1.1 3u medium. $15 204? 15.50; light. $1515 5ll. light lights, I14.5O0V15.3O, hvavy packing sows, smooth, $13 5CIW14. packing sows, rough, $12,750 13 50: pigs, $10 5015 CATTLE Receipts, 3100 head Steady. Beef steers, medium and heavy, choice and prime. $16917 50; medium and good. 111 fl'15 75. common. SSXif 10 7.1. lightweight, good and choice $13 50'c 1150 common and medium, 8S'13 2.V butcher cattle, heifers, $710: cows, $7iii 12. canners and cutters, $54? 0.75: eal cahes, light and hnndywelght, 13 50JT1N feeder steers, IS.50 '32. ttocker steers, $7610 50 tsHELP Receipts, usiio neju steady. Lambs. 110 2,1'J 10 50, culls and common, M2BMH; searllng wethers. U3nT17. ewes, medium and choice. $S SuiTll 00 culls and common, $1 75 OS. Kansas CMs. Jan 11 HOGS Receipts, 850O heart Higher Bulk. $1190(11.12.1, medium., 114.00(8 15 35: lights, $14 HiiJM.l 35. lleht lights, 114.50815. Pigs. $13 8O01B 50. CATTLE Receipts. 6100 heaa Steady. Heay beef steers, choice and prime. $10 05 'd 18.25: medium and good $12 508510.50. common, $lo.5012 40, llsht. good and choice. $1'.' OSIPl?: commr'n and medium. & 2.1 Ml? 50. butcher cattle, heifers. 1075 SH'.'S. cows $0U512 50, canners and cutters, $5 150 05. eal cahes $13 50fll(l. feeder steers, ISO 13 25. stocker tteers. 1(1 25 010 81 SHEEP necelpts, 0000 head. Steady. Lambs IIS 50fi 10.50. culls ind common, 111 254MH joarllnir wethers, 111 S3?l6.At; ewes. $0 50io,10 50. culls and common. 14 50 9 25, breeding ewes, $8(tf 14 50. feeder lambs. $14 50S17 75 Kast nufTalo, N. V.. Jan 1.1 CATTLE Receipts. 325 head Dull Calves, receipts, LOO head Steady, IOS23 50. HOGS Receipts, 2S0O head. Tweuty.fle to 00c higher Heay and mixed. $16; york ers $10di 10 15. light vorkers and pigs, $16 C16 25, roughs. $13 50013 75. stags,. JtOjJ 11 50 SHEEP AND LAMBS Receipts 1500 head Lambs, 15" lower others. 50o'iflt higher. Lambs, $11020 50 searllngs. $10 IS. wethers. 112 504T13.50. NEW YORK COFFEE MARKET New York, Jan. LI. There was. a very active opening today in the coffee inurket with over 50,000 bags traded in ou the call. The cables were not up to expecta tions and first prices uere 0 to 10 points below the previous clos-e. Prices made new low ground lor the present movement. The early depres sion here appeared to be due to heavy nPforinffn hv nnn nf two nrntninpnt In . terests which have been T;clliuK freely, but their offeriugs were readily ab sorbed by a leadiug trade concern, to gether with a fair demand for Euro pean account. The readiness with which offers were tnhcu up dUheartened sellers, who with drew. Values worked up C to 15 points before midday, March selling from 15.51c to 15.0Sc; May from 15.70c to 15,85c and September from 15.75c to 15.60c. Yt. clnq li.fJBp70 BEAR OPERATIONS CONTINUEON CURB Potroleuiivli&sues Offered in Large Volome at Declines Dtjring Early Session SLIGHT RECOVERY LATER New York, .Tan. 15. The bear opera tions on the Brond street curb made further progress in the forenoon trad ing today when mnny of the petroleum stocks were offered in volume at heavy declines nnd other Issues sold on n large scale. Price movements in the first two hours generally consisted of losses rang ing from 1 ,to more than 10 points. After the nnnounecment that no iu rrense in discount rates had been recom mended l)v the Federal Reserve Bank the mnrk'et abruptly turned nnd ttd vineos were in order in the Inst half of the day. Gllli'nnd, after selling nt 4,5, rose tr 4S within n few minutes nnd similat movements were recorded in other issues in the Homer field. White Oil again sold down to 50, and then rnllied to 51. Oeneral Asphalt ranged from 110 to 115 in the early trading with a good re covery in the nfternoon. Genernl Mnton was tiaded in from 33 to 32 and Sub marine Boat ranged from 15'4 to 15 American Safety Razor hold at lOi to 10. United Retail Candy wir traded in at 10. lVntTRTRIAIJl ...."iv 111 15W 0 Bji ll 10 11 y i) loi in 110 115 33 32 15H 15H 3 3S 40 38? (t 21ty 21'4 3i 3 2 Ji 52Vi 52 5J4 5 15H lfii 14 t 3 3J. l'i 10'4 24 2 1.8 '.'J 21 20 T OILS , 2 11 , n oL4 , l'i 1V4 Acme Coal Aetna RxplnnHe .... Amal Tire Htores . . . Amer Marconi Am Safety lUzor . . British Am Chem . . Brlt-Amer Tob coup.. Car Llsht Columbia Emerald . Genernl ARPhalt . . . General Motors . . . Hupp Motors Lako Torpedo B Mont Ward North Am Paper . . . Nunnally Terfectlon Tire . . . . Radio Co' Root Vandcrvort . . Republic Tire Rubber Submarine Hoal .... Triangle Film U S Steam United Ret Candy . . United Profit Sharing United Plct Prod . . . Van'idlum rts V Vlvladou Ino Amal Royalty Associated Boone Oil Hnstnn Wvnmlnp . . Burknett Van Cleavo 14 Carlb Syndicate ., 43'4 Cities Service "B" ctfs 43'i Cosden & Co 0U Dominion , 33, Esmeralda OU U Gllllland 48 Gllllland pref lot Guffey Gillespie 35 K Home Oil 04 Houston Oil 135 Hudson Oil T4 Inter Petroleum 09 Island Oil 5 Livingston 2 Meirltt Oil SOU Metropolitan Petroleum . . 3 Mexican Pan 10H North Amer Oil 4 Pennok Oil 8'n Phillips Petroleum 65' Ryan OH 4 Salt Creek Prod 51'i Sequoyah Oil k Skelly Oil HTs Shnms Petroleum 52 Spencer Petroleum 10 Stanton oil Bi Texas Ken 3 H Texas Ranger 1M, Texas Co w 1 52 Trinity Oil S Tropical Oil 203i Victoria Oil new l'a White Oil 38'3 Low Lsst 11 li H H ir in! 0". lll 110 32 154 m 40 234 2 m; 13i 3. nm 2V 17'-. 20 ill ft 2' 42 43'i 9 264 i2 43i 0 40 46 100V4 10.1 35Vi 35'4 II!. 135 i 07 5i 20 3'i 19V4 4b 3Ts 40 rV im 411 10 4 3S l'i 50 f. 20V, IK 30 MINING Alaska-Br Columbia 1 ti Atlanta 3 Belcher Divide 23 20 Belcher Divide Ext .... 30 35 Big Ledge H A Booth 5i nlj Bost & .Mont 74 72 Caled Mln SB 30 Calumet & Jerome 'i fV Candelarla M U . H Cons Virginia 8 V8 Cons Copper M 4 4 Cres.-on Gold 2'k 2V4 Crescent McNamara 30 30 Divide Ext 1 U El Salvador 3 3J Eureka Croesus 1H 1& forty nine Mining IS l'-a Portuna Cons 30 3 Golden Gate Exp l'i l'i Gold Cons 11 14 Gold Keana -'a -' Gold Merger 3 - '1 Gold Siler Pick !1, 3 Great Bend 2'? 2'u Gold Zone 37 30 Hecla Mining 4Vi 414 Jumbo Extension 7 7 Knix Diide 15 1.' Louisiana Co ' . , McNamara ij Marsh Mln 23 2J Mother Lodo 60 00 Mother Lode new JJ J National Tin 13 l." Nevada. Ophlr 34 33 Nlplssing ll's 11 ' Rand Mines t 40 40 Rex Cons JO J" Rochester Mines 10 19 Rope Group .... H ft S'iler King of Ariz H SUker King Dlv 0,, ', S Slher Lead ' ,' Success Min j,'.1? ,;,. Tonopah Belmont -n - Tonopah Cash Boy J;i ,','s Tonopah Divide 3H j-H Tonopah Ext - -" Touo-Jim B -- Tonopah Midway .1 ' Tonopah Mln - ,r Tonopah Montana. lg in Tonopah Rescuo Eula. ... 2R .5 Unity Gold l3 S'n Victory -', .",, a?:- West End C ,-'s 1 ' White Caps 10H 1,' White Caps Elt - - Wllbert '., i, Yerington 4 H BONDS Allied Packers, o 85'4 M A T i. T 6s of 24 'h ' A T & T 0s of '.22 J "b'. C C C St L Os JRH S7', Copenhagen 5,s J3Va J.i Cons Gas 7s 101 1"J Swiss Ouit 5VjS 01 ''''' 0', 135 CS S'i o 20 3. 104 4t 8, S.1h 1 40 Vt 11 00 10 4 ?a 52 20V4 14 3D 1 3 20 311 74 30 8 4 '4 2 30 U 3 111 l'i 30 14H 2 2V4 3 3?H if. 7 15 "l 75 00 (I 13 31 11 40 10 19 u 24 71, ., - sa 21 2. 10 2S BH 10 2' Kill, ' S.I sim Oil's 83 101 91 '.4 LOCAL MINING STOCKS TONOPAH STOCKS Cash Boy . Jim Butler MacNamara Midway Bid .08 .23 70 .20 Mlzpah Ext 09 Montana " North Star ,5 Rescue Eula -? Tonopah Ext -v West End - West Ton 'n DIVIDE STOCKS Allied DMde 03 Alto Dlv Belcher Ben Hur ". Brough Dlv 3.1 Divide Ext Dlv Synd . . . Dlv Con . . . DMdend ... East Dlv . . Hasbrck Dlv High Dlv . . . Revert Dlv Reno Dlv . . ltosetta . . Silver Klnc Ton Dlv . . . Ton Hasbrck Victory Dlv Verde Dlv . Zone . . GOLDl'JELD STOCKS Atlanta 0: Blue Bull Booth COD Comb nation Fraction craeuerjacK 03 .05 22 05 05 01 .2.1 03 .Oil .07 .20 .15 33 .02 .01 0J 03 03 March ,, May July ,..., September Bid, .. 15.8TflKI) .. tfl 04R05 . IB.81C85 Open. 15 Bl 15,75 15.04 18.76 11 a.m. 16.71 15.85 , lrt.Ol) 19.83 Dlamondneld B B 01 Daisy Florence GoldlWd Con Oolct Dev Great Bend Jumbo Ext Kewanas Lono Star Oro Red Ullls Silver Tick Spearhead MISCELLANEOUS Amparo . JJ 02 30 .13 10 .02 .05 .02 .03 .01 .nil .03 01 Arizona United Erton Mother Lode Nevada Hill Nevada Hand , Promontarlo ,.,,..,, Nevada Wonder Tccopa Mln Whlto CP ,.....,, .15 .58 .02 .20 1U .15 10 .08 Asked .08 25 75 .2.1 12 .15 07 30 05 00 v .12 57 1 .05 .12 .2.1 .07 .00 .05 .27 05 08 .09 3i .2.1 20 20 40 .03 OS .00 .OH .05 03 .03 .03 33 .15 , -12 .04 07 .04 05 ,03 ,04 .05 1 so .20 H .60 .04 25 14 20 12 .10 $4,340,600 Miami Conservancy District, Ohio 5 Bonds Dated December 1, 1917 Due December 1, 1028-46 incl. Principal and semi-annual Interest (June 1 and December 1) payablo at the option nf the holder at th office of the State Treasurer. Columbus, Ohio, or at the National City Bank of Now York.' Issued In denominations of J1.000 and flOo In coupon form, with the privilege ot registration as to both principal and Interest. Under the statutes and rulings of the Treasury Department the interest on these bonds is exempt from all Federal Income Taxes Legal Investment for Savings Banks and Trust Companies, Commercial Banks and Building and Loan Associations in the State of Ohio. ' The Miami Conservancy District, organized under an act of the Legisla ture of Ohio as a political subdivision of that State for the prevention of floods and protection of cities, villages, farms and highways, embraces an area of 169,600 acres of land in one of the most important industrial and fertile sections of Ohio. The District takes in part of nine counties and in cludes the cities of Dayton, Hamilton, Middletown, "Piqua, Troy, Franklin, Miamisburg and other smaller municipalities. Financial statement, as officially reported, shows the assessed valuation of property against which benefits have been appraised to be $1,461,279,880. Benefits have already been approved by the court to the amount of $76,052,629, while the total debt of the Miami Conservancy District, including bonds now offered, is but $24,340,600. The population of the District is estimated at 425,000 persons. MATURITIES AND PRICES $. 17,800 Dec. 1 1928, 103.548 $281,300 Dec. , 1937, 105.863 54,500 " 1929, 103.859 40,700 " 1938, 106.063 93,300 " 1930, 104.155 103,500 " 1939, 106.252 134,200 " 1931, 104.437 169,700 " 1940, 106.433 127,300 " 1932, 104.705 239,500 " 1941, 106.605 172,800 " 1933, 104.960 313,200 " 1942, 106.768 220,800 " 1934, 105.203 390,900 " 1943, 106.924 271,500 " 1935, 105.434 472,900 " 1944, 107.072 324,900 " 1936, 105.654 559,400 " 1945, 107.213 $352,400 Dec. 1, 1946, 107.348 Accrued Interest to be added Yielding About 5 s Interim certificates will be delivered pending the engraving of definitive bonds. Legality to be approvd by John C. Thomson, of New York, and Horace S. Oakley, of Chicago. The National City Company New York Philadelphia Guaranty Trust Co. Harris, Forbes & Co. of New York New York Philadelphia The Information contained In this adertistmeir. .J based upon official statements and statistics on which e hae relied in the purchao of these bonds. We do not guarantee, but believe It to be correct. Sterner Oil Corporation (Incorporated under the lavr. of Delaware) AUTHORIZED (No par value) 500.000 UNISSUED 340,000 TO BE PRESENTLY OUTSTANDING 160,000 NO BONDS NO PREFERRED STOCK ., Stock Is fully- paid and non-aMeesable. Corporation Trust Company. 37 Wall Street. New Tork, Reclstrar and Transfer Aetu Pipe Lines, Loading Racks and Tankage The corporation has an established business of transporting, buying and selling of petroleum and its products in addition to development of leases for production. It is equipped with two loading racks having a daily capacity of 204 cars, located at Ranger and Burkburnett, Texas, together with railroad spurs, 26 miles of pipe line and gather ing line, and a combined steel storage capacity of 239,000 bbls. Company owns neces sary main and field office equipment, pumps, boilers, automobile trucks, pipe, supplies and fittings and other appurtenances and has leased 220 steel tank cars. It is negoti ating the purchase of 150 additional cars. Acreage, Wells, Etc This company owns interest in leases covering 97.55 acres in the Desdemona Field, Texas, and controls jointly, either directly or through stock ownership, 119 acres in Ranger, Texas, with Texas Pacific Coal & Oil Company and 100 acres in Desdemona, Texas; 360 acres in the Hewitt extension of the Healdton Field and 1,120 acres addi tional in six counties in Oklahoma with the Pierce Oil Corporation. The acreage is under development, the corporation having five wells drilling, six rigs erected and three being erected. Of the 1,796.55 acres of leases a substantial portion is proven territory. Earnings Wo quoto from the President's letter: "We are contemplating additions to our pipe lines bo as to take advantage of present contracts to materially increase our earn ing capacity, which, based upon recent operation, is about $75,000 per month, or approx imately $900,000 per annum. This is exclusive of expected production." These earn ings are before deduction for Federal Taxes. We will not attempt to estimate earnings from expected production, although wc are now drilling offsets to producing wells in Desdemona and one well in Ranger, the latter at about 3,300 feet and showing gas and oil. Application has been made to list this stock on the New York Curb. Price $15 Per Share. Investment Bankers 37 Liberty Street, New York City Telephone John 3314 Marine Trust Building, Buffalo, N. Y. rb tefcaraiUoi contained herein, while not guaranteed. 1 derked Irota ourc which w ballat to b ralUble. UNITEDSTATESGOVERNMENT LIBERTY LOAN SECURITIES $50, $100, $500, $1000 Denominations BOUGHT AND SOLD FOR CASH FULL INFORMATION REGARDING TAX FEA TURES OF ALL LIBERTY LOAN SECURITIES W I L L BE FURNISHEO UPON REQU EST. MONTGOMERY & CO. NEW YORK 133 S. 4TH ST. PHILADELPHIA CHICAGO TELEPHONES! Bell, Lombard 4320. Keyatoue, Main 2311 Department Government Securities Buy Your Lumber Direct from the Manufacturers Don't Pay Whole. nlera' Prices We Are Manufacturers Only Trumbo & Roszel DUnHAJf. N. o. , LIBERTY BONDS All Issues Bought and Sold ?60 $100 $500 $1000 Graham, Parsons &Co, 435 Chestnut Street Philadelphia Fidelity Trust Company Ifember Federal Jteaerve System Capital $5,000,000 Surplus $16,000,000 Sfts,i,w,?ff,s",,Hi. Bro,tf wr BUSINESS MERT Do too require the srrWcea of a capable rnun a college graduate) 7 years' bualneis experience! urcemful ." .. """"" U!nr and advcrtlalna? Address A 9ML LKDOEH Ol'l'ICE X4 1817 m Association OF PHILADELPHIA N. W. Cor. 4th & WalauT has Klvan Us policy holders aeffll Indemnity for tnoro thaw oaa Jiundret? rears and lias bstst been so ttrpng- financially Ua now. and reliable ComnanrT -. .,.. '' 'j . hi 'vfl i i $ : Ati fa O wirtBtiiK riSKrlSTUAl. n k ' II... Ifa'T'r, 3A t i U ,r. a. Hi n Afei- Mi ( .. , - w. .. fe-i'A'A.
Significant historical Pennsylvania newspapers