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EVENING PUBLIC LEDERPmLABiSLPHlA, ' SATURDAY, JANUARY 17, 1920
16
v. I
NEWS OF FINANCIAL WORLDNEW YORK AND . PHILADELPHIA STOCK QUOTATIONS
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PROFITABLE
INVESTMENTS
AND A HAW I'l.ACi:
TO KKEP Til KM
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this scRViL k w r. ori-'cu
FRHE TO ( LsroMFUS
Frazjf ft- Co
BrtOAD AND CANSOM OTS
PHILADELPHIA
15 SOUTH ST., BALTIMOnr.
63 BROADWAY, NEW YORK
CLOSING STOCK MARKET
SHOWED MORE RESISTANCE
Operation:, Made Up Largely of Week-End Evening Up of the
Professional Traders
, , -
MPUf VAnf BTrrv dvpuampp TD A MC A fTlfVNiQ I
njLiT? 1 LIXIV O 1 VVIV XJVl JLJLNV3Jti HVwrivJiiwtw t
i '
DIV.
In $
a:
Superior
Oil
lo
m
per
an
Attention is called
the notice appcarins
tliis issue, of the declara
tion by the directors of
a regular quarterly divi
dend of )'J cents
share equivalent to
annual tatc of $2.00 nctr
share.
'Quoted on New York Curb
Circular on request
C. E. WELLES & GO,
AJeuie-rs V V Stock Hichana
71 Broadway Naw York
) eiv Vurli. Jan. 7. - I'radlns in to
cay'i closing stork markel was in-ulc
up largely of Hie familiar wrrk end
oviiIbb-ijp oocratlnns of the pinfoi.
sional element. Prl-e moicmeutp were
mixed all' irregular, hut the lone of
Hi" market was consideeabh stronger.
Pralings were fairly large, but bi'
ihip of the ultrmrofpsslonntii-iu wrre
imtmnllj without i.igniticauc".
Short coti ins nnd moderate biivlng
,'or the tone account rrMtllcd In a
number of materi-il gains at the lite'v
p-ipnins 'Clip issues that featured vr
wda' '- -hani reversal, nnlublv i!pd
rrpt Motor unil high-priced oiis. were
foi'-'m ..t in tbp rally at advances of
' lo "i points. Tbp tobacco nnO sugar
';'p :il.-o ro'o briskly. There wi
lilt i lueiuirv for tho railroad slurp,
b 'I 'lnns in tbat division wore main-
I." unwind.
(nitis made in Hip first hnlf hour lo
' ilod libi-rul profit -tnkiiig. wliirh, with
-pi'urrin- weakness 3d tbp liish-priri
oili-. i-inierlpil mo.it of tbp improve
'PJ1I. Tbp mrii'ltPt, as 11 w'ioIp, Iwi
pvpp. sboupil bpttrr ron'p-laPb onali
tip-. and in Hip si-i-nnd hour a pcoudar.(
mltj ,Pt in. iulluencod by rpin-wrd pov
prlns. whieli utidiMibtodi n5 prompt
id b.i Hip )iosib!lit,r of foinp favurabii
tirn iu Ih'sitiialioii ovpr Kunday. ancl
tbp now usual wrk-pnd hop" of a fa
wirablp Supreme Court dppUiouon
Monda? In tbp lon;-nvaitrd sloi-L dhi
I ipnd tn 'ap.
Willi tbi' ri'i'nrfry tbp tradlnc b'i'amp
pr, dull, and ilurlu;; thp rpiiiiiitirlcr of
tbp brief i-mou tliiPluiltiotis spiiprallj
,prp poiiiini'd vitbln n nnrrow arpa
tnidwa between tbp high and lot lcvei.
nf tb" duj.
It i i'U-tomary b"n yppu"il values
are ou thp tobojrgan to afpribe tbp melt
ius prievs (o tin- tiKfrrpsfive, tartii"- of
thp b"ar fai-tion of thp professional
traders. This week's tumble of nuota-
1 tion". thrrefort, a nsunl. vas rbarped
! to utis"ullemanly conduct of tbrp fame
market dptroyr-r?. No doubt a coni-id-prablp
propoilion of the declines was
foreifl by thp depresvinij tact lea of thp
ieactinuar party, much tbp anii' a. t)m
r-eeiit inflation of valups was. forced bi
tlip iTiitriiclhc side or bull iiarlj . To
plarp tb" putiro blame of the market
break don on thp bear drives would lie
i vj.l- vteppiiiR tbe real cauvp aud mis
1 leading
In i itbei- great upward or down
ward t-wiaff. conditions, eirc'imstaneei.
and develnpincuts muht in caeb cue
i plai sli'iuxli In fnor of cither of con-
Ite.tins toi-i-i's l'lril ix lo N.iy. ever -1
tbiiu; market a for mus't be good or bad
to make the imnemeut iu force tucces'.
' fill. So end of reasons could be s-up
plied which would t-atisfaetoiily explain
the lowering of jtoc!t aluc this week.
i Overshadowing all waa the acute
E ! strinzeii'-' of tin- mouej inarkpi. Cou-
t
pled to this was the clearly defined sjni
turpi of n serious maludv vhich the
market suffered, n natural complication
of tlv recent peeiilativp org, namely,
undigpptpd securities.
One or both of these factors could b
i,nfelv counted upon forcing a lower
level of Mock market allies, particu
'arlv among what can be hafcly called
highly speculative !'?uec. Holli coiidi
tioni bnc and will always b, produc
tive of liiuidali')ii. the eUcn-ions nnd
ramilicatioua of which depending solely
ution the limitations of the corrective
nieiiFiire".
llvcept those who bae been living in
a foul'ii parudfoe. it wnn readily dis
cerned thul any material casing of
money market cninlitlon wns mil lo be
pl'nnlnrl fnl- n i'ntl.illprnbV llniC. I llP
I apparent puing of rates for domaud or
call loan" at different intervals since
the opening of the car was more super
ticiat than real. It was easily recoguied
In nil rlrn-o nlisprvcrN that Uliou the ail
p'parnticc of au great detnaud for Ktock
ni.trlci't npciimmodations tbe FUM y
would quickly vanish. The greater cii
donee of the acute stringency, however,
was. readily supplied in the conditions
of tbe time mono maiket. Time
money Is cxtrcme'v curce; in fact, nl
most'tb n Mintsbiiig point. Proof of
wliiib b- easily found iu the limited
fcupplv offertd nt the ulmoit prolnbilivo
rat" of S1 per cent for thirty to
ninctv dav niouev. All of which is in
turn traceable In the nttilude of the
Federal Kesem' Roard. aud a right
onp nt (hat. to restrict bank credits for
noncscntinlc.
No machinerj has as yet been in
vented lo run without some form of
fml. Neither can the stock inaiket ma
chinery be run without ample funds,
which is tbe fuel of the money-making
or money Wing mcchitie. The tighten
iug of the bank purse strings means eu-fo-cpil
selling of oerptrnded specula
tive accounts, nud the liquidation of
stirh accounts make for lower prices.
As to the qupstlon of undigested se
curitieti, this malad could not be avoid
ed when oue contemplates the overtime
ioV.hich tbe printing pnses were em
plojed in producing the rrani3 upon
icanih of uew securities. The market
suffered a similar attack of this disease I
in the earl years of the eurr"ut ccn
tur. It took some time to restore the
digestive orguns of the market, and it
will take some time again to effpet a
permanent chip. this do"sn t imply
tliP markit is goiug to the demuition
bow hows. Tlicre will unqestionubly
be frequent pautcs and many spirited
icoverifs. In it is present jiarrow
condition and dominated by the profes
siona'. il ib iu a position to become
quid h oienold or overbought. It is
time for the layiuau to take the side
lines and look on.
,' SENTIMENT BEARISH I COTTON CLOSES FIRM
; IN MARKET FOR CORNl AT NET GAINS FOR DAY
Political and Economic Situa-j Trade, New Orleans and Shorts
tion and Lack of Outside In
terest Add to Depression
Rock Island, &rk.
First 4!4s, 1934
the Xw
lfld at
Thp hond are now prUtm: nn
Tork ETrlmuso betwren 03 uud 64,
lhl UTtl snout .iuv.
VTt fret that titer nrcMnt a plrwlld Iniest
icnt opportunity at any Bture uuiltr "0.
All crista vreruted at Harhet
Carstairs & Go.
Member? TlMljiIelpMi nod
New York Stock Exrhancr
t-U9 Walnut Street
71 Broadway. N. Y.
Rights to Subscribe
PHILADELPHIA
NATIONAL BANK
BARNES & LOFLAND
147 S. 4th St.
grain F.nrr wnATitEn ror.LCAST
rlilraso Jnn 17, - Illinois f ilr xnJ
olrl-r inolrrlif Spnda fair ami contlnnod
i old MlPoar r.ifr intl polder tonlxlit
fcim-Ja' InpreHilncr ilcmdln?"!!. fcllo'ied by
timi ,i HiCrnnon V('rrusln l''r .ir-l
. oldr tonlch'. Sundnv Jn'.r and cjntlnurtd
r'd Mlnne?otti rlr fid po!dtjr tonU-ht.
Sinidai tncrruyinz 'loudlne'-p North Da
kota Fair nnd continued eo'dr In Tt:
Sundav not nuit to roid. outll Dikoto
S'noi probably tonlsht and Sundav r
hraka ItncrpaKlnr rloedinesii. followid
liy tnow Sunday ICansus Gfrifrally fair
end somewhat colder tonicht Hnd Sundav.
Montan.1 - Surnv or ratrt tonlKht mid Sun
dav v, vomlns Mostly cloudy tonight:
Sundav colder.
Were Principal Purchasers
Spot News Bullish
COTTON nBI,T WRATltr.R ro.vn'TlOV
.Sen orl.. Jr.-i t7 The fnllov lii t-nv
r"raturoR we.-a jrordv'd In th" , o'toi h'
(hip irirmln N'li'hMII". 3. O'-'i Sn-nn
filv. Tort P'lilth. C'ha'lannoca i'nd IJno.
idle .IS Millene 40 r.tlf- liock nn.l
V'"ri"hlii. 42: Atlanta 14 Sh-ni.tiorl aid
Meridian J a,n Vntonl" VlrhnMn-B
.Ma"on And Monlzc-nery 4R. Cnrs-Ji Olirlsl'
nd Auruita SO Galveston sfw Orleans
Pensti-o'. Thomnivlll. Cherteston. a
vannah and V llralnrton. .12 Jarjnri
vlllp Ri. and Tetnpa 14. There vas con.
FlderaMe pre-'lnituHon reported throuirhout
the oottoi be't ihli mornlne there hlns
.01 Inch at !!'ii)hls end Naahvllle, 01 Ht
Sire'erort. or, Kt calventnn. .n at
rhsrleoton, 'J4 nt Tampa. .IS at Vlck
burs, .an at .s.iv-mnah. .r;rt At Jueliaoii
vllle. 44 at TvilmlnKtrm. 0 ot C'hut
tH'iooira tnd Atlnrta 70 at Thomaivllle.
71 at w Orle-m nnd TeiMeola S
at Montromnn-. I at Jtacon and IIS-at
AuRUbta.
r mnmm bonds
' Flallroad
Tjnk Car
1 Marine
. FREEMAH & COfdPANY
Members ;eir TnrU etook Culiins
' .It PINT T.
r.n ont
' Private Wire to New York
Cull Lombard t"S0,
'liU'itgo. .Ian. 17. Sentiment in corn
remained bearish this morning and tbe
market was weaker under fairly gen
eral selline. nnd on'y a light demand.
r PIim rtl If !i 1 nivl iMirtnnm ( it tif tit t Inn
tbp world over was viewed with con- e" """. -'an. n. Liier" was a
cern. and losses on hogs, together with mueli better tone to the cotton market
a lack of outside interest, added to tbe , today, although there was realizing and
feeliug of depression. I also selling hi- r.rnfs:nnnl 'n, f,,,ln
The receipts here today were lb-'i.. , ' , .
cars. ew Orleans and shorts were the prin-
.fauuiiry opened "Ic loi cr. at SI. "C'!;i cipal purchasers. Japanese interests
nud sagged to .si..;ti. .May startp-l at
Sl.:i2's In .1..",2. against .fl :i2". at
the plof.p jesterday. and later declined
to Sl.iil1", then rallied c. July was
quoted at .?l.:m.j to ..nO-'i ut the
outset, against Sl.JIO nt the pnd yes
terday, and later sold at Sl.f.O
I Local operators pressed the selling
Mile of oats and that market also de-
clined. Trade was moderate. IOi
i porters reported snies of .I.VI.OflO bushels
of oats late on Friday, but this failed to
help the undertone.
I Tbe roepipts hcrp today were 111
ea-s.
Mar started at SPje to 82i
'"''.c at the clo-e esterd
olrl at Si 'if July one
tn i.i'ic against i.i'c nt the i mj jes
leiday. and receded tn 7."ic
' Ri'ceipts of wheat here tndaj were 111
"ars. against HO pars last .vpar; at
, Minneapolis 320 cars. agHinst VS ears:
! nt Puluth " cars, oompired with 220
ears, and at Winnipeg 202 cars against
"(i7 cars.
also bought. Spot and cloth market ad
vices continued bullish.
uthorities returning from the eastern
belt noted an active demand for any sort
of cotton having a staple of one inch or
better.
Local bulls emphasized the statistical
features and there was also n more
optimistic feeling' over the foreign po
litical situation. The market started 15
points higher to 11 points lower. Liver
pool sold May and bought December,
and Wall street was a seller parly.
Following the start, the list sold un
to a net advance of HO tn .t.1 nnlnia if
i 8... tuninst ,tUPn rcafted about 10 points highpr to
lay. and later u pnints lower and closed at uet ad
ned at i.i-V vance of 12 to 43 points.
Lawrence E. Brown & Co,
CERTIFIED PUBLIC ACCOUNTANTS
JbtJ III l bs, f im.!, ui.jj(i
JuveslltJlB nuU idjjel uirliit-rtuii, j,,9
i-urnorjlloii uuuunia. Ainu urtpuro U
'mm.. I i KrtitTlH
riMMIlI.
money-lending rates
I'lIII ADKI.PHlA-rull. 0 per eent,
ti'ie. 0 ner cent : eommpreia! paper,
tnree to s months. fi ppr cent, and
i months. .V. (Tift per cent.
LONDON-Monev is quoted ht ".U.
pei i i-m Discount rates, short bills.
I ."'m per p"nt . three-month bills. Cfii.
per eent
Jf n
M-irch
Mav .
July
Ort
Dep
Bid
I'rcvloua
"lose ODn Huh 1vv Clor"
. as.nn as i. an .is .is in as 33.is
an oi an n. .1(1.411 36.oi an..ir,i49
. .14 31 14. SS 34 7.'. .14 !S 34.7075
. 112.70 .T 70 .1.-..1R r;2.7n 33 irh?is
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-'0 7fi iO 70 20.20 2S 702D 87
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Adams E:tpreas .
AJax Jtubber t
.miis-i.nuimcra .,,,.
7 Allls-Chalmers pf . ,'.
R Am Best Sugar
8 Am Botch Magneto .
. . Ahi Bosch rta
. . A tn Cnn
12 Am Car & Fdy ....
7 Am Cur & Fdy pf . . .
4 Am Cotton Oil
.SO Am TirURgtst Syn ...
0 Am tlxpreo3 . .
. Am Hide & Leather .
7 Am llltlf & Leath pf,
0 Am Inlernat Corp ...
Am L;i,I'Y.iiico KriRlno
Am Linseed
6 Am Locomotive .. . .
Am Slip & Commerce
4 Am Smelt & Ref...:.
3 Am Steel foundries .
7 Am Sugar Itef
10 Am Sumatra Tob ...
N Am Tel & Tel
Am Tob Seo temp ctfs bV
7 Am Woolen . ..... .10
.. Am Writing Paper pf. M'4
Am Xlno Ivcaii & Sin.. 10
4 Anaconda Copper .... 81
.. Aeb"Is Tteallzatlonv .. 4
Asso Dry Goods S9
0 Atch Top S. Santa To , 3
1 Atch Top & S Y pf... tOJi
10 Atl Gulf & W I S S. . .mow
. . Auto Salea C3 tent ctfa. 17U
3. SO Baldwin Locomotive. .1125i
.. Baltimore & Ohio .... 3l'i
4 Baltimore & Ohio pf . . 4G'4
Barnet Leather 90
5 Barrett 120
LVlblebem Motoro .... 37i
.i Bethlehem Steel ''(
? Bethlehem Steel B ... 84T
Booth fisheries 14
10 Burti3 Broa 110
u3 Butte Copper & K'.nc. . 10
. . Butte &- Superior Cop. 273i
Caddo Central O & K. 23't
0 California Picking.. . W"i
..California Petroleum
10 Canadian Pacific. . .
S Central Leather
4 Ceno du Pasco Cop .
5 Chandler Motors . . . .
4 Chesapeake & Ohio . .
Chi Mil & St Paul . . .
.. Chi Mil & St Paul pf.
. Hit Bock Isl & Pao . .
Chi B I Pao C?, pf.
Chi H T & Pao 7 Pf.
S 2 Chi Pneumatic Tool . .100
3 Chlno Copper ."SH
. . Coca-Cola "H
3 Colorado Fuel & Iron, 423
4 Columb Gas & nice... M
I Col Graphophone .... "'
Ciusolltlated Gas ..
3 Consolidated Textile
I Continental Candy .
. . Con Interstate Cal M
4 Corn Products Rcf .
J 2 Crnclb'i Steel 2M
. Culm. Cana Suear .... W
7 Cub.t Can Sugar pf.
.. Denver & nio G pf. .
nmeraoii-Brantlnc
S Undlcott-Johnson . .
. . Lrle
.. KrU 1st pt
Krle 2d pf
i Kainous Placra-li ..
3 Kcderal Mlu & Sni pf. 2U
2 b'recport Tet;.a 33
.. Kislr Hubber i 42Ii
3 Gaston Wins & Wig. . . IS
0 General cigar 71 4
8 General Llectrlo 167',
13 General Motors 310 ',
6 Genctal Motors pf .... M4
6 General Motors det).. ti'i'4
4 Goodrich 11 I' 78
7 Great Northern pt . . . 77
4 Gt Northern Ore ctfs . "8?3
.1 Hartnian Corp 105
4 Haskell & Barker Car. .171t
7 IlllnoU Central S9'4
li Inspiration Con Cop .. .O'i
.. Interboro Con Corp . 3Tfe
inter Con Corp pf.... 13
. . tnl Agrlcul foni . . 19'
6 Int Harvester 120
7 Int Harv'pf new . . 1I3
. . hit Mer Marine 43'ij
I tut Mtr Marina pt.... 07 ,$
. . International Nickel.. 23'3
. International Paper. . s.2'4
Iron Products Corp.. 47
4 Kansas City So pf ... 4JJ?4
V Kelly-Spg Tire 133 U
8 Kelly-Spg T 8'J pt . .I031A
2 Kcnnecott Copper .... 30?j
20 Ke stone Tire & Hub . 37 H
7 Kress S II pf 10014
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100 r
loo 1
70 CO C
1200
300 3
2000 3
I too
100 X
1500
Mackay Cos pt
Manatl Sugar
Manhattan Etov guar
Maxwell Molor
May Dept Stores ....
Mexlean Petroleum .
Miami Copper
Middle Stnte"i Corp . .
Mid rale Steel A Ord .
Minn St V & S St M.
Mo Kan & Tex pf . . .
Missouri Paclfla ....
M Biourl Pacific pt .
Montana Power
National Acme
National Biscuit ....
Nat Aniline & Chem.
Nat Conduit & Cable
Nat Lnam Stamp.
Nullonal Lead ......
Nevada Con Copper
V
64
128
41
3.1
.123
.19214
. 2394
. s
. 49 14
. 73
. 12 '
. 294
. 41
. U14
. 38
.120
. n
. 10 -
. 83 n
. 8014
1614
9009
lion
1200
100
200
600
200
2103
100
10.1
3011
100
300
31000
- 100
S3 Oil 8
4A
IS0O
200
0011
200
11100
04300
300
SI00
200
100
MOO
32500
1000
300
400
3S00
3)0
HO
1950
100
O70O
100
6300
400
100
400
100
0100
2300
4100
3403
1SS00
200
313.10
490
I 7011
SI 00
100
200
ion
coo
300
too
100
3100
100
800
6000
100
4700
100
New Y01 It Air Brake .107
New York Central ... S)4
, . New York N II & U . . zK
7 Norfolk & Western . . . 9694
7 Northern Pacltlo 7914
S Novo, Scotia S & C ... 'l'
4 Ohio Cltlei Ga 46?4
Ohio Fuel Supply t 47T4
Oils Steel '694
30 Okla Proil & Ref .... "IS
3 Ow eno. Bottling Mach . S9
4 Paclfld Development .. 7J14
5 Pacific Gas & EIco ... S714
I Pacltld Mall 37 'J
0 Pan-Anier Petrol 't 919
Pan-Amer (B 88
3 Par'sh & Bingham . . 4314
I Pennsylvania R P. ... 2'i
Pern Marquette ,. 2914
5 Pero Mam ptlor pf.. 66
Philadelphia Co 334
. P'erce Arrow Motor .. 7094
Plerci OU 19'4
8 Pierce Oil pf 9114
Pittsburgh & W Va .. 2894
0 Pitts & W Va pt 78
8 Pressed Steel Car .... 97
1 Pond Creek Coal 24
' Puntn, Alegra Sugar .. 8814
7 Rwy Steel KprlnC P'.. 104 14
3 P.ay Consolidated Cop. 21?4
4 Beading 76
3 Reading 2d pt 3S
Remington Typewrit. .86
6 Republic Iron & Steel. 110
1 Repub Motor Truck .. Sin
7.1 Royal Lnitch N T ....10414
1 fit Joseph Lead 16
St L San liYanclsco . . 18
6 Savage Anns 73 '4
Saxon Motor 1994
1 Shattuek Aria Cop . . 13
. Khell Trans Trading .. 81
Sinclair Conaol Oil ... 4294
Slos., Sheff S & I .... 73
Southern Paclflo ... .101 J4
Southern Railway pf.. Sili
Low
8394
43 M
31
22 n
11014
04
128
41
32
17214
187
2.1 9A
3994
49
73
12
2S
4014
P414
3714
120
6C14
to
8294
son
1614
10694
6814
264
?
78?4
71
45 H
47 J4
3894
9
fi5
7514
8714
3714
8814
87
43(4
41J4
29
6U
3914
G7J4
1894
3!4
2894
78
Today"' Nat
Clot Cli re.
M1944- in
44
31)4 ..
23
4- 14
- 194
4-"94
1
111
64
13S
41
33
12.1
191144- 1J
2394 14
44 4- 3?a
tow- n
73
13
28
41
r,4'
38 4
n
10 -
83 -
so n -
1614 -107
t-46144-47?4-3094
4
0 R9 -7814-8714
3714
91J4
88
4314
42 n 1-
29'A
60 -3994
r
70
1914
K3 94-
2894
78
14
I
1
""94
54
n
''
14
n
14
U4
14
14
294
n
14
1
14
14
2'
94
'?
n
T4
94
n
94
LOCAL PRICES HIGHER IN
EXTREMELY DULL MARKET
Week's Diminishing Dealings the Outgrowth of the Muhiply(tln
Uncertainties Regarding General Situation
recovery
small in com
ins fall ihey had. yet the fnl Tc
cruing to. those who had the mJ.
Trading in the local slocks dwindled shares is not unnaturiti Whn
u ui,uiii.uui ,j iiucumuun. iiiji tuh.
the market lacked in volume and
breadth, it more thnn mode up in
strength. With ouo or two exceptious
higher prices were recorded by the local
Stocks despite the small transactions.
Philadelphia National Hank worrunls
furnished the leading attraction iu a
spirited recovery which carried the
price up to 125, an overnight gain of
.$. nnd $7 above the low point touched
yesterday,
Total ril"i
weelt. 0.383.:
nOl.IlOO Btiares. eo-npared m lib 1. O73.00O shares -eslgrday.
:00 shares
South P R Sugar . . . .220
Stromberg Carb 73
Studebaker 10174
Stuta Motor 12414
Superior Steel 47
Tcnn Cop & Chem ... 119!
Texas Co 19914
Texas Paclflo . ... 37
Tldew ater Oil rts 23 14
Tobacco Products ... 03
Tobacco Products pf..l03
Transcontinental OIL. 26(4
Transua & Wins Steel. 8314
Union Oil 35
Union Paclflo 123 94
Un'on Paclflo pf 6794
United Fruit 18'i
Un Ry Invest pf .... 8814
United Retail Stores .. SO 14
U S Food Products .. 70
U S lnd Alcohol 10014
U S Realty & Imp .... S314
U H Rubber 120
IT S Rubber lsfpt . . . .11394
U S Steel 105'.!
U K Steel pr 11514
Utah Copper 7714
Vunadlum Corp Si 14
Va-Carollnu, Chem ... CGH
Va Iron Coal & Coke . 80
Wabash 7'4
Western Maryland .. 10 ?
Western Paclflo .... 2194
Western Union Tel ... 8614
Wcstlnghouso A Br ..U7'4
Wtstlnghouse E & M. . 53
Wheeling & L Erie . . 11
Whlto Motor 6014
Willys-Overland 3014
Wilson i Co 7194
NVorthlngton Pump . to 14
Worth Pump pf A.... l3
shares;
0514 071
24
8814 1
10414
2114- 1
711 ?
35
so 4- 1
10054
sin-
10114 2
16
18
7314
1814-
13
ssn-i
4314
73
100 94 94
S114- '4
220 ,20
734 ' 3
10211 - Va
12414-
47
1194
19914 4
37
23!4-
9194 in
103 I
2B 1
21
87
10114
31 n
75T4
35
85
109
5114
10214
16
17
72
1814
1214
8014
4194
73
0994
6414
220
70
10214
121
17
1114
ltM
3014
2314
9094
103
2194
59 14
34
122
6794
19114
2514
84 14
C9'4
IV5
so 94
12294
11314
104 14
11514
15
4994
1594
70
7J
1094
21
e-614
11714
S3
II 9
59n
2894
74 94
SSJ4
92
Thero seemed to bo sennr. minnlv nt
all the local stocks iu which uuy de
mand to speak of nppcarcd. Luke Su
perior Corporation udvanced to 20'..
Pennsylvania Kullroad continued in
good demand nt 42 and United Gas
Improvement had n good market at
r5'4. Philadelphia Kiectric. after mak
ing an opening advance to 25, yielded
to 2o'x just before the closing Kiectric
Storage Hattcry declined .$2.25 to 131
on small dealings.
Dealings through the week in the
local, mnrket were on n diminishing
scale aud price variations were mixed
and in it sense disappointing. The
hopes of a widening of intorest in the
local shares engineered by the lively
operations at the close of last year all
went up in smokev Instead of broaden
ing, the market showed signs of revert
ing into the narrow apathetic rut
it occupied so long before Interest was
awakened by the so-called "establishing
01 losses operations.
With tlio widespread unrest, and
with the multiplying uncertainties crop
ping up constantly iu regurd to tho
general situation, it Is not surprising
market interest has fallen to such a
low ebb. The heaviness likewise ap
pearing at intervals in a number of local
14
14
114
?4
214
14
1
94
314
Mj
5994- !4
3194
122n 54
6794 94
195 n 234
2514 n
8594 14
6994- 14
iosn
121 n -
11314-
iosn
11514-
7014 U4
4994- 194
594- 14
703
714
1034 14
244 H
S014- 1
H7I4- n
5214- 14
1194- Y
60 n
3014
7494-
90
12
Thus Itr this HCtk, 0 7S3.00O
same period
t
Va
in
1
last
Federal Reserve Bank Statement
The condition of the Federal Itcscrvc
Bank of Philadelphia for the week ended
yesterday compares with the previous
week as follows :
rtB&oirnCES
Jan IU
LIVESTOCK QUOTATIONS 1
Clilcagu. Jun 17. HOGS Estimated re ''
eelpts. 19.000 bead, leftover. 14.345 bead. '
rirst Hale-, l.-ifraso lower Market slpvi- I
Philadelphia Stocks
J Average cost jesterdav. Sir.. IS.
I CATTI-i: Ustlmatd receipts,
Gold roln a'.tl gold
certificates 1 n
vault
Gold fcittlcment
fund
Gold with foreign
agencies
Total cold by
bank
Gold with Federal
Reserve arent..
Ontd redemption
fund
11,382.672
31,160. S20
!), 025.77!
J42.174.200
78 581.105
12.353.920
.lin 0
l 270.030
28,GI3,SSn
9,805.1139
3D,8SS,6r,5
81,858.250
10.M0.175
5131.642,(180
3SO 855
LOCAL MINING STOCKS
TONOP.Ut STOCKS
nniml yiertlnn
I 1 ash Tipv . . .
.Ilrn Rutlrr .
t Mai-Namara
I MMuviy
1 Misnah nxt
Montana
North Star
Ttearue Klll.1
Tnnopah Bxt ....
Went Ilnd
West Tonora,h
DIVIDE STOCKS
,'JST
Till.
IIANK
-l.rll Mlltl.VU,
I'lill.idihli.a
j:tnu.iri u, in..,.
At t'v "iMi Mo. ilon hejd 011 iIih'iimi
lnt.. I Ik tolloMlnB 11 tinea Slocliholifr0 iv.ra
elected dii-ctoro of ibta Bank for tb. enauln?
ltenrv SheirMne Win 1.' Ht
Jarn-a C SiiMon itaerisim iv rtea
.t l"nin1' dame Nurinan r j,,
,pnlel Uird w m HUwrmsn
John C v llsoii , rn hlltwmalier
..VBfYl , Hnn
At "e
date.
letted
Tlftnlel r.aird I'rerfldeni
Ne.rm.in 1 ef, V 1 -e.pretdent
Janien s.,,i t,,., ;,) Vlr.rreaiJent
Wlllla'n ' v t-r 1 ashler
IVm r uhlur AawtHtant r'lfihiee
A itd'iT I iikeim nllunt Cathler
lohM lpke Jr Sollrltnr
vii.mvm SAtrrn
I'anMer
T ' ' , --
FOREIGN EXCHANGE
New York, Jan. 17. rsterlin;
ex
change opened uiii'linngfd from yester
, ld On the other hand, frune., and
1 Italian exchange showed improvement.
' ilusincss wo on a moderate scale. I!el- Dividend
I gian evehange showed steadiness with- fi"' r,,,, ,.!
::-",-.-- v. ---
men uivinv
Allied nuide .. .
A'lu Plvlda
Tlelrh"r . . .
lien Hur
nroiiahton Divide
Divide Rxt
Rl" Ids Syndicate
n ido fon
out alteration in rates.
Quotations follow :
Demand sterlin:
,tvS'..
1 ables
1 !::iS.A-n' """WS thl.i ."..Bill,: fiam; rabies 11.110. Hiecks
.... .......... ,,, ,jnulm(nu,y j ( 0;, . )ir(, ,,.W i;;.t;:i. fhefka
GOVERNMENT BONDS
"upon IN lO'l
'er.ftered 2s 1 f)3J
' pon 2s 103S
-etflstered 2 113ft
'ouoon .It 10H1
IDHI
Rid
Hll li
IIS
uoi
tl
Sl
Tananii
Panoma
f'ana ma
'anNm
Panama
'wSinami ruy Itrd 3s
; Phlllpuln. 48 1034 iV
'X'tilllprl-ie 4 1035 112
il'hlllpilna 4 1MH 0"
btf S c'o- oourcn 2 103'' I no
ln r ilov ren.-ieris-i .-s ivd'i i'"i
i u S 01 coupon 4a, 1011 1in'v
ll rin refftsterrt 4s 102R ln.1'4
TOU of Columbia 3 5s 1924 07
VMi
lnoi.
I1101;
innil
moil
nnv
101-
m
mi
n
inoi,
ieou
maii
ioipJ
BAR SILVSR
I iC4tmmercit bar slher was quoted in
Tvew Tnrlt todoy ut a uifuce of lc,
ounce A fiMKWq tue
E nt 51,2fH an ounc
in.71
Swis, eab'ns ."..il, fhecl.s TiT,',; guildpi
.cables .11 '3. cupcks .Ic's: pesetas
cables lO.ls. chppki 10.0K; Ktoekholm
1 eab'es 20.il?i. cheeks 20.. "ill ; Cbristinnla
fables l!l.4fi. cheeks III. ,10; Copenhagen
cables 17.110. cheeks 17.45; Belgian
cables 11.5.1. cbepks 11.57; mark rabies
1.70. Auslrian kronnen .12, mark spot
fiirrrnc) 2.."0, ruble notes, 500s 2. CO,
100s "..10
BANK CLEARINGS
Rani, learlnys todiv iinip-ned uii or
riEpondinK da Inst two vears
1020 tni'j mis
Phlla .193 250,373 10 '07 007 l',0 n.11 74n
tleeton l?0 H07 120 5.1 144 0m to 846 203
Chicago int. 52.1327 84 071111 ,
N York 930 0S1.070 .. .
Prices Steady on Paris Bourse
Paris, Jan 17 Prices were steady
on the Bourse, today. Three per cent
rentes vtore quoted at fS francs; ex
change on London 42 francs 71) cen
times 5 per cent lean, 88 francs 55
centimes. Th dollar ws eCiN at 11
liau( vt si.MvM,vai .
rtevert Divide ..
Ileno Dlvldo . .
Ilneettn
Silver Kin? . . .
Tonopih DIvMi
Ton lluebrnuck
Vleiory Divide .
V erde Divide . .
Zone
Bid
.nn
oo
!70
.20
.11
.10
07
.25
2 VI
2
,10
,0.1
.07
.20
.10
.35
'(, -.0.1
08
oo
ins
,o-
.05
.21
.0.1
.nn
.01
3.
.2"
.17
.17
.33
Ask
.OS
21
73
.12
11
01
30
31 -
2'
.12
01
in
21
.15
40
1
01
l'i
27
ns
01
rm
on
n.-.
Wi
12
Total gold r
aervo ...U33.1H.291
Les-al tender
notes, silver,
etc 422.478
Total reserve .1133.533 700 1132,0:3.830
B 1 I I discounted
memlxrs o-
r.,,pil hV fiflV.
ment War obll- ....,
eatlone $163,5S2,011
B I I I h dlscnunte,'
members tall
oth ) 31.141.694
Bills bouitht In . , ...
open market 6 OH5.503
J1T1 102 760
28 911 157
5,841 547
bills on
Total
nana . .
U si Govern
ment bonds . .
U 8 rerlir.eatfB
of Indebtedness
S. se-
1201.0S9.200 1209. 155814
U.3S4.O0O
31. OOS. 000
$1, 884,000
30.508.500
GOLDFIULD S rOCKS
Atlanta 02
Illue Bull 02
Ronth .0-1
i' O D 02
fnmo Krn 0-1
Ceai kerviek 0.1
Dlamf n B 01
Djly 02
1'lnrenen ,.10
'.oldneld Con 1.1
Goldflelrt Mer e2
OoidHeld Dev em
Ureal Hend 02
Jumbo Hat "7
Id anfls 02
I out btrtr 0.1
IV. 01
tied HIHh 02
Silver Pklt 03
Spearhead 01
MISCELLANEOUS
1 70
Amniro
Arizona United
Bdm
Mother Lode
Nevada 11111 ,
Nevada. Rand ,
Promontarto .
Nevadi Wonder
Tecon Mlnln .
Wbtte Cr
.15
4
.67
.02
iU
,17
.11
.08
eil
01
08
rn
ni
nv
n.i
ni
.11
15
n
12
01
OS
04
01
01
111
0.1
00
1 80
20
"4
.00
.04
.25
m
.22
in
10
Total V
curltles
TOa1set.C"n'n"l233.572.in0
Deductions Uom
srors deroslts.
Due from Treaii
of U. S. 5o
rn. M .Keo , ... nnn
UK. novr-,. i-.-i,i
o, o, . .
32.4S2.0nO 131.083.400
1211.130.514
jnno.ooo
177,000,1(12
95.281 SOO 77.000 192
:r00 head
Kansas City, Jan. 17. HOGS Kecelnti.
1C00 head. Uneven. Lower. Bulk, $14.75g!5.
heavies. JH S015; mediums, Jit 73WI5 to,
lights, 14,5015.10, packing sows, Jl.'l.75
14.50.
CATTLI Becelpls. 500 head Market for
week: Steers, mostly 25c to 50c lower;
butcher stock steady; calves, 60c higher;
feeders, mostly 25c higher.
SHEEP Receipts, 800 head. Market for
week: Lambs. 75o to fl hlieher; sheep, 73c
to Jl 25 higher, feeders and briedeis. 50c
to 75c higher.
Kant Ht. Ionis, Jan. 17. HOGS Receipts
7000 head. Lower Bulk. $15 15 2(1, heavv
$14 0015,1.1; medlurr.. 14.V0?1S 25 llrht
I1l.75?tn 30; light lights, ill ootrin.-j.-i,
heavy packing sows', smooth. M3 501'13 75,
packing sows, rough, 12 7313 50. pigs
U0.50M15.
CATTl.K Receipts 1150 head No sites
For week: Steers, steadv to 50c loner, cows
and heifers, 25c to 75c lower.
SHEEP .Receipts, OOn iad No sales.
For week: Lambs, uneven, Eheep, il higher
East DusJo, N. Y.. Jan 17 CATTI.1J
Receipts 82.1 head Slow. Calvca reeelpts
iOO had. l lower; ii23 50 few $21.
HOGS Receipts. 2400 head. Steady to 25c
lower. Heavy, $15 75M1H mixed vorkers.
light do and pigs. ilOtolO 25. roughs. $13 75
14. stags $inl2
SHEEP AND LAMBS Receipts, 2I0U
head. Steady.
Plttsbnrgh, Pa., Jan. 17 HOGS -Re
ceipts, 3000 head. Steadv Heavies, il.'itf
15.25; hoavv yorkers. ildiirlU 10; light york
ers. $13 .10(0)10: pigs, iinrmir, ,-,o.
SHEEP AND LAMBS ReeelPts, 1000
head Strong. Top sheep, $13; top lamba.
S20.
CALVES Receipts. 75 heaed Steady
Top, $20.10.
Low
.1091
Res.
All other resources
resources 4hJ 111,1
1, 4 75 000
131.I45
Tot
LIABILITIES
Capita! paid I"--Su-plus
Oovt deposits
Duo to members
reserve "CCf.-.-.
Deferred availabil
ity Hems . ...
All otli'r depoHlts
includ'e 'n.r'ln
Oovt credits .
de-
$7,886,550
M,Ml,'f,lo.
2,878,007
103,073.816
80.851,219
8,:36,577
$105 013.010
J 152.278, 8RH
$7,811,150
8.805.132
07 i. 173
102.864, OtO
70,017,167
0,785,2Sr.
$181,235,012
:24.321.5C5
20 001.221
038,270
HUh
20 Am Strs. :ta:ii
15 Con Trac
N J.... 40
DO KI Ktor.,132
ISGtPCcra
prer .. 10
00 I C N A. 3t
12 Key Tel. 12
1C0 Lk S Cor 20V2
5 Lch Nav. (14
204 Pa It R. 42ii
25S Phila Bk
war ...125
101 Phila Co
cum pf.
275 Phil Rice
CO P It T tc
10 tSinclair
Oil ....
SO Tou llcl.
100 Ton Min.
37 U O I...
LI U C N .1.185 is:
J10 tU S Stl.10.1H 105
7 IV- J & H 35 35
5 1ork R pf 313.4 31 ?i
Net
Cloe chge.
30 . .
10 40 . .
131 Vi 131 2
1!)
31
12
S2
04
12V&
120
i.l-S ''
O-K'
1
' VA
27
12
10
31
12 V,
ji0Vi
42Vs
122 3
2.1V
27
ile th
in these stocks u ,.i.n. ,
parison with recent ni'J
L!l,c.i.p.r1flt V-
to nick them nn on tl, ...i. ",'V"J
ii..i .'" .""" ""'
too alluring to pass by.
days 3
rv ..
denv n ninnhor kt tu. , 1a..i .l'"3" "l
Jim ..iiiJ. I . r ,"1-", snares
still selling on nn cxtremelv attraeilvS
nvestment basis. It must'bi '
bcred. however, the inventment bnrgnin
counter Is overcrowded with ul r0rt,
of attractions.
The week was not without intcrcMin
developments, nlthough all were nasurd
by with curious indifference, wlibh
however, is tbe outcome of tbe growiiu;
mental confusion of the entire linnn
cinl community. It would be no ex
nggeratiou to asiert that perhaps never
before, in the history of the market Inn
the financial world found such dllfi
culty in obtaining satisfactory bearin-a
Never before, except in panic ietioiis
lias the financial horizon been so be
fogged. Everybody seems to be up in
the alr.i
Established rules, regulations Hnd
precedents are. out of fab)on in to far
as getting market measurements. The
better side is sometimes underesti
mated. PcHsimltm is in the air In
fact, too much of it. It is time for
all hands to keep it clear head :mj
have suils bnugly reefed. It may, afle-r
all, be only n squall, instead of a big
blow. In all events, things, condition
outlook arc possibly not half as bad as
they look. There is a turning point am
it may be nearer tlian inauy suppose
It is not the time to sacrifice. It ii
the time to pick up tbe bargains,
which are many., and which when the
now troubled financial seas are calm
again will give ample reward for cour
ugc and foresight.
NEW YORK BAfJK STATEMENT
Reserve Position Improved Heavy
Contraction In Loans
Now York, .Tnu. 17. The reserve po
sition of the Clearing House institutions
was materially improved this week. Last
week's deficit was wiped out and an
PaCP-ws reserve above legal requirements
of 534.227,810 established. The reserve
account in the Federal Reserve liaok
was increased $4n.70,S,000, but there
was a loss of cash in own vaults of
$11,284,000. One of the more strikinc
changes was supplied in the increase iu
demand deposits of $05,222,000. On
the other hand, loans nnd discounts
were rpdueed $31,111,000.
Details follow:
Lram
Net dem.
Net time deposits.
Circulation
Cash In vaultH..
Reserve In Fed.
Res. banka ....
ReLerve, In , state
banks and trust
companlus
Reserve In slato
banks and trust
company depos
itories Arsregato reserve .
IRererva reaulrcd .
excess
AVERACE
Decrease
. ..J8.34C.5S6.0OH J20.D20.0IIO
deposits, tl. 145,205,000 24. 750,000
.111.770,0011 S..'UH,Otll
.17,342,000 239,000
100.381,000 O.5S1.O0O
055,239,000 5,091.000
11,552,000
11,403,000
578,104,000
051.152,250
27,011.750
517,000
181.000
5,428.000
3.022,010
2,400,0(10
'United States deposits deducted, $258,-
330.000.
Increase.
de-
ACTUAL
.$3,320,080,000
$31,111,000
37.550,000
09.750.000
05,222.000
13.012.000
380,000
11,284,000
574,780,000 M9,7O8,O0O
Loan3 ....
Net demand
posits 14.240,004,000
Net tlm deposits 20.1,428.000
Circulation
Cash tn vaults. . .
Reserve In Federal
Reservo banks..
Reserve in stale
banks and trust
companies
Reservo in plate
banks aud trust
i-onipanv deposi
tories ........
Aggregate reserve
Reserve required.
Excels
tUnlted States deposits deducted. $103,
020.000. Increase.
11,271.000
11,748,000
5'I7,SO().000
003.572,100
.J4..27.SIII
251.000
324,000
10,781.000
12,040.610
37,140.4110
OUTSIDE BANK STATEMENT
STATE BANK
$711,032,800
7.23.-.I0I)
31.113,000
Decrease
$2,683,300
343,000
Toans .
uom
Currency bank
notes
Denoslta Federal
Reserve Bank of
New York . . . 73.878,800
Deposits 881.241,800
llfs. on deposit . 132,401,300
Percentage of res. .20
TRU'ST COMPANIES
Loaii3 J2.1S2.R05.100
Gold .. ... 10,761,500
Currency bank
notes 21.023,600
Deposits Federal
Reserve Rank of
New York 224,481.800
Deposits 2,201,910,000
Reserve on deposit 300.223.200
Percentage of reserve. 17.0: decrease. ,2,
STATE BANKS AND TRUST COMPANIES
NOT REPORTING TO CLEARING HOUSE
2,685,500
622.000
16,1211.000
1O.088.S00
1.8
$20,074,000
10.400
2.494,000
1.727.500
43.888,000
(.U...UUU
42 ..
; 3 3 -f.
2 2 2
fi5Vs 55 55V..
lSTi . .
105 4-35
3i y.-
.i iiiik ii pr ,114 ,U', 31 14
tjset change mad- bv comparison with last
sale on New York Stock Exchange.
jcT.?taJ la,es 30",8 shares, compared with
iE-M1:?3 yesterday. Thus far this week
same period Inst week. 40,397.
17.007.
Financial Briefs
$152,278,988
120.0j0.0O0
Total genes
Ftuna0.!,clrcun., 222.130.570
Fed Res. Bank
All olher llabill- ,.
tics '
Tot liabilities.. $401,711, 480
Memorandum
Contingent liabil
ity as Indorrer on
bills rediscounts
ith or accept
rntCd"R0Jd BMr-!!'' I8..100
Refined Suflar Market Unchanged
"nS York. Jou. n.-Th, refined
sugar market remains unchanged, tho
. ." 1 otJni 15p less 2 ner cent
Amcritttu '"-- i.j ,rt, .ut. jucninoini ,
e.b for lino granulated, with ship-J Cleveland ..
ota restricted to the territory east. oi.Atunia . .. jj
Cfta und Pittsburg. The National ,, ;f. rf
nl for cash. a&ZTKB. Bn.miciM
The average price of twenty active
industrial sto.'ka declined 1.0S per cent
jesterday lo 101.04, while twenty ruil
roads declined 0.07 per cent to 7-1.01.
Disturbed financial conditions and
ofliciul warning against price hazards
have exercised a bearih effect tills
week ou corn. Tho market this morn
ing compared with a week ago was 2'.jc
to 3e down, oats were off 2p to 2 Vic,
and provisions varying from 70e de
cline to 7V4c advance.
The New York Subtrcasury gained
? 1,505,000 from the banks yesterdaj.
Reserve Banks' Discount Rates
(The first column gives rates for ull
periods up to unel including a fifteen -day
maturity ; the second for a period
of sixteen to ninety dajs. The third
aud fourth columns give rates for re
discounts, of collateral loans Fccurcd by
government bonds or notes.)
1.0111 1 paper uovt paper
in o on ,'.",i
1,1 10 uv
Boston
New York . .
I Philadelphia
jiicninona
Close
Net
chge
Sale-i In BONDS
"i"0 . High Low
.1 Leh al gen
4s 71 71
2 dogen4V.s 82 U. W'li.
1-20 Lib Bonds
d 4'. s.. 01 nrl m nn m nn 1
8 1-5 3d 4s. 03.20 03.20 n.1.on 10
II Vic 4-Hs.. 08.-10 08.-10 0S..iru"oi
71 - I
82IA2
2 Pa pen 5s.. 01
T Phila L'Icc
1st 5s ... 00
1 Un Ity Inv
5s 733.',
01
00
739',
01
00-)-
73-14 . .
Loans
Gold
Currency bank
notes
Deposits Federal
Reserviv tank of
New York
Total deposits...
Net deposits .. .
Reserve on deposit
Percentage of reserve,
Increase.
$802,322,100
f.ltf.'.UUV
$21,488,400
100,700
17,874.800 2,124.000
75,009,200
871.234,800
801,433,500
058.000
38,630,000
23,367,600
142.015,000 13.282,000
u.i; decrease, 1.
NEW YORK COFFEE MARKET
sew vorit, .inn. li. There were
further advances of 11 to 10 points in
the coffee market this morning, the con
tinued strength being due to au official
cable received from Santos after the
close yesterday reporting an additional
rise in futures there of 175 to 325 reis,
together with private advices this morn
ing stating that Tlio firm offers were
1111 35 points.
On the call, trade concerns and Wall
street were on the buying side.
Ye.it.
Open High Low Close cjosn
, 10.20 10.30 lti.25 10.23 10.13
16,10 1H.05
10.08 16.00
18 04 10 10 10 03 16 00 15.00
15.88 15.86
16 Oil 15.03
1CO0 10.13 10 00 16.05 16.00
16.13 16.08
16.80 10.33 18.25 10.25 IB. 1(1
... 15.35 16.25
10.60 10,50 10.50 16.45 15.35
10.31 16.21
September
flctober . .
November
December
January
February
March .
Anil ..
May .
June
July
August
TRADE IN WEST WAY
AHEAD OF LAST YEAR
fJo Big Lino in Which Thsro Are
Complaints of Slow
Business
Chicago, .Inn. 17. Building onfia
lions expanding, demand for steel and
iron exceeding the present supplj noil
geueral business active arc all imllon
lions of the generally prosperous stale
of affairs in the Middle West. In no
direction tire there nny strong imlica
lions of any halting iu the general trend
of business activity. Farmers are still ,
ooiauuug uigu prices lur an me nrain
they can get to market, retail and
wholesale business concerns repot t a
persistent volume of buying way ahead
of last year, and there is no big line in
which there are complaints of slow
business.
All through the West building opera
tions arc going ahead as fast as run
plies ran be obtained. The labor sit
nation is also a factor in thin respect
as in some cases it is difficult to secuie
the number ot men wanted. In the
steel plants production is slowly in
creasing, more men going back to work.
Ihc last week on the official scttlemnit
of the strike. It will be some time
before the steel mills have a norma
supply of labor, however, as man.i of
tho workers hnve drifted into otlu-.
Hues. Demands for structural stetl arc
heavy, and there have been ronie bi;
orders placed for rails nsjvell the last
week.
Coal movement is apparently fail
ample for requirements, ns little com
plaint is heard. Tbe roads are having
all the building materials tonnage of
fercd they cnn handle, and every when
the demand is for more cars. A good
indication of the sound conditions in
the West also is the mail-order busi
ness, which is considerably larger Ibau
for the barne time last year.
Collections are gooei and money
firm. However, 'business enterprise
eenernllv hnve hut litllo illffipultv In
obtaining ample accommodations. Halts
at unlcago arc oMjMO per cent on eel
lateral, on commercial paper 5V2S53,
per cent, aiju u per cent over the coun
tcr.
In wholesale dry goods nnd geneu'
merchandise there is little change, as
compared with the last week of 1010
LOCAL CLEARINGS EXPAND
Philadelphia Banka Run 25 Per
Cent Ahead of Last Year
Phi ado nhia stood well un amoof
the larger cities of tho country in tho
muiicr ot niiQK clearings, mis wees,
with a total of $445,221,617, againit
$304,082,122 this week last year, or i
gain of 25 per cent. Tbe percentage
of increase in rscw xork was l.0 per
cent; in Chicago 25.3, wbilp Kanea'
City led the entire country nvith 00.2
per cent.
The totnl clearings of all tbe clear
ing houses of tho United States for the
week, according to the Financial turon
icle, were $0.801.011.0.15. compared
with $7,C37,42o,0S0. an increase of 23-0
per cent,.
fVimnnrlKonM follow
ioon mm F.C
N. Y... $1, 510, 5"46,010 $3,641, SOS 310:.;
Chicago , 004,063,182 48i,SS8 7034-2J 8
I'Mia. ,. to.i.iiie
Boston . , 378,083,021
Kan C. . 2:3.220.880
St. Louts. 1117.072,430
San Fran. 102,000.000
Pltts'h .. 133,018.800
Detroit 101.750,811
Baltl. 81 IOS.1',86
N. Orl's 03.01)0,000
304.082 1.'Jt?0
Oil, 007 242S1"
173.017 448 80!
Hi-,,000 000 1 ;
121.1 10.014 83
116,680 4SO-4-14 0
nu.Ofio ononoj
73.432 (I2S 10J
72 US,Bdl",
Yo Install Rector In Sherwood
Tho Rev. William N. Parker will J"
installed tomorrow as) rector ol m
Church of tho Eniobany, Sherwood,
Fifty-eighth street und Baltimore ave
nue. Bishop Hhinelundcr will officiate
Total. $31,550. compared with $27 000 .
terdav TllJ, fai ,,,, k $s32,50 sim.
ptrlod lost week, $084,0.10 "-"nu- Ban
BUTTER, EGGS AND CHEESE
New York. .Ian 17. BUTTKn iri...
Reelpts. 077 tubs. Creamer -Tnlgl.Trtnan
exuns 02" Sfl8i . 92-score ia. ' r.i. 2
a!l3j.4ei Pack,nit "t0'""urrent make' No8
EGOS Unsettled. Re.-elnl-..
Pn-ih-gathered extras, 71&72,
state
7(1(9830
8145 . cases
llrats. 6970c! do. nrsti, OjeVnSai mV..
i-rnnayivdiiia ana nearby, western ti!ir,.ri
whItH. trst to exini 7iiib03.. l "'mery
CHEESE
Poxes, Statu,
. 41i 4i 4'( IV,
.484 4 4S 4i
4 4 4S 4i
. 4i 4' 4'1 41
. 4 4'i 4W 4
it '! 4
4. 4 4(?
t', 4(4 A'i
4S(05 4 &
5V4 m M
h. U 8 U
J?TOT& "lh"d' """ mlxeTco":
Jrs"f"lir,. ".'Pt". 3300
mak. irnwial. jiuiSm. S. "'. current
80i, fla,,.; iiwte. wholermllk. twin! clrJSn'i
DIVIDENDS DECLARED
Lit Broa Corporation. Beinlanmu! 6 o
cent and an extra 2Vi per cent, payable Treb!
ruAry 20 to stock of record January 20
General Cigar Co . quarterly of li n
rent on preferred and l, pr rt-nt on a.
benture Preferred, viyable Jlareh 1 to'iteck
of record February 24. and dsbentu?. .?.
ferred April 1 to stock ofreco'5 March1 '!
Superior Oil Corporation, Initial or no
cents a shar. payale March 1 to ttSck of
record February 17. ; ot
Belmont Trust Co., dlvUend of 5 .,
Januaryl! FebruarJr " i.cJr"
coioniM -jtuj, vo. j quwrterly
per cent
unw u cii -n ."tt, ptr Cent, navnhi.
J'sbruwy S 19'ylocV of record Jiniiary .1.
GEORGE K. WATSON & COMPANY
Public Accountants Sr Auditors
announce the establishment of an
INCOME TAX DEPARTMENT
Under the Direction of
EDWARD J. MALONEV
Recently Revenue Agent with the
Philadelphia Income Tax Examining: Force
Real Estate Trust Bldg.
PHILADELPHIA
Ball Phono
WALKUr 4144
Kojiloue Pfcoao,
BACS liw
IRi
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