-rw,, f v. , . i -ft-. I' wiuuuMBivwjnr. . ' srvi-m , t,t JL ;' v . l i' Wl . - .'"ax,r v-v.wt"..tvw kevv iisr r' n'Tti -- 4ft 'J 1' - " ?s ", ' i" .. v . .. b ' t 1T, It I' ' " ,. . r . .... M EVENING PUBLIC LEDGER PHILADELPHIA', MONDAY, JANUARY 6, 1950 TO NEWS OF FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK QUOTATIONS $" ' or nn( recommend: r:r -. .. ttii Hl ' i renna. Kailroad Console's due May, 1948 Prico to yield 5.10 Secured by direct mortgage on 1159 miles of road, comprimug main Hue, Philadelphia to Pittsburgh with branches. Followed by $17-1,375,000 Gen cral Mortgage Bonds and all the capital stock. Free of Pu. State Tax and Normal Federal Income Tax. Price range high 103, low 82. Your orders sotiiitcd Carstairs & Co. Member Philadelphia and Jiew York Mock EicHaiues 1419 .Walnut Street 71 Broadway, N. Y. mmw:,amm'MiCiMMBawasKi ESTABLISHED IOCS BIOREN & CO. BANKERS AlOCIieslnut 51., Philadelphia Government, Municipal, Railroad Corporation and Utility Securities lfemtjera i ew Icrte and Philadelphia EP!illi:!llJi!III!:i!illi!lil''lillIirJ:i!!!i!iniJlll5!iilliM:3?JiTffii;Briiraii3 MARKET DEVELOPED MUCH S TRONGER RESISTING POWER Free Covering of Shorts Brought Substantial Rallies Following the Uncertain Opening New Vorlt. Jan. 20. About the only noteworthy development of today's stock market was to be found in the apparent increasing resistance displayed against the attacks of the benrHi contingent. Otherwise there was little iii the char acter of the market differing from that of the immediate preceding spsions. irregularity and professionalism con stituting the predominating feature of he operations. Considering some of the handicaps, he tone of the market could be described as fnirl strong. The foreign news was anything but pleasant, which wan sup plemented bv fresh weakness in foreign exchange. The reported unrest in Ger many was reflected in the fall in marks to the lowest level touched on record. L'hen there was the usual Monday morn ing uncertainty concerning possible decisions from the Supreme Court. Saturdays bink stntement likewise was far from being inspiring, with the further heavy lnjs of clearing 1iojip reset o. Despite all these price-disturbing in fluences, coupled with the munv other uncertainties, the bear party hud a hard road to hoe all day. Hushed b, their success of last week thev l.iuo"hrd an other drive against tho list at the open ing, selecting tho motor group tigaiu as the fulcrum of the market lever. The market, however, was not u bulf-hour old before it was obvious in all dine tions they were plating a losing gumc Kather than starting the list downhill again, the offerings were we-lcomrd in order to execute buying orders that had come into the market over Sunda.v . which otherwise would have been tilth' -culit to fill by reason of the undeniable told-out conditiou of the market. After a brief period of uncertainty vielded 1 to - points, the whole list de veloped increastug resisting powers. TUi! at first produced more or less ir reguluritv in price movement, but soon after there was a perceptible hardening oil along the Hue. The improvement which followed was especially marked among the stocks where the shorts rccriitlv. were most active. There was. however, a general strengthening all through the indus trial list, in which division Interest still converged, dealings in the rail roads and tlie coppers as well, being of the same meager proportions und of the same indifferent character. Gains were temporarily shaded on the publication of the foreign exchange quotations, but were largely recoveied again when the opeuing call money rate was established at 7 per cent, which was regarded as comparatively easy considering the character of Sat urday's bank statement. Apart from the shorts the demand was again lim ited which was reflected in the dull ness which developed toward noon, which also was partly influenced by the desire to await news from the Supreme Court. This halting period was brief and by early afternoon the market forged ahcud again on renewed buing of the steels, oils nud utilities, especially the gas shares. Despite there was no decision forth coming from the Supreme Court on the long awaited stock dividend case, and the fact that the court would take a month's reces failed to check the upward swing during the kiliiucc of the afternoon. Highest quotations of the dav were recorded in the active last hour, the market ignoring a lit per at the outset, when some ot the more cent money rate and the further break active industrial speculative issues in exchange. FOREIGN EXCHANGE Wc Sell "Calls" on FRANCS ' liecks on Paris ITALIAN LIRE Checks on Milan GERMAN MARKS Checks on Berlin Jlunnlcs three to nine mtnths la the above Fcrelgn Exchange at pt allinc tow ratee Write or call for particulars Newburger, Henderson & Loeb a MU.ns 1410 CHESTNUT ST. Members N V. A a'MU. Stuck L5t nances MABKFT TlUUf (" IliriSVIil I llllil i mi nil i i i wi if- Rfliinn innnnnurni isaiiu u h n M i Philadelphia Stocks I'.'s 10 vt Vigorous Rise in Stool Croup Injcctr. Now Life Into After noon Trading to sou SHORTS KEPT ON A HUN New York, Jan. 26. Evening Sun's closing The New York financial review BARGAIN DAYS IN BONDS Railroad lames at the Lowest in Fifty Years Let Us Submit Offering EDWARD V. KANE & CO. Morris Building Tllsli lus war . . vAm Strs. "0 Am Gas. Hi0 Cam Ir . 10 Con Trar N .T.... mi El Stor..l lOOGtPCem . 100 do pref. l'.i mo I C X A Sl, 2(10 Lk S Cor 20' i uO Lap Mono Sm 1.-. Leo Vnl. -13R, G6S Ta II R. -123s 202 Fh Bank war . ..1(30 100 Ph & W. li 110 Phila Co. 41 500 do c'm pf 8r 340 Phil Elec 2.1 ,141."P RT tc 2oJi !)0 Tu Trac. VC, 'JLMi l( I... o-i Close Net chsc. til. 00' ;; r.ou 10 WO ii m ::t 20', Ol's 40!1 ;ju&.. 10 .. luOU.. 10 :t4 J0U Vs ins, 433:4- '( 42'4 42's i8 GE0.A.HUHN&S0NS STOCKS ANU 1J0MM Members of the Ph'laje pbl. New Torlc and Chlcato Stock ExchasiM New Tork Co'toa Ei"heng Commission Orders Executed in All the Principal MarKets BKfJ.v.vj UK COl'UT UXJU. HIS VValuot t HEW TUKK Oi rjCE JH Broadway, New York 1st 5s.. . . ;; Head gen is 1 W N Y tc V 1st 5s . . . Total $11 con. compared Trust Officer wanted by a Philadelphia insti tution; one competent to or ganize and take charge of such n department; state age, ex perience and salary expected; replies confidential. Address 31. 418, Ledger Office says : Sn e.xcellput tone prevailed in the stock market at the beginning of the new week, although trading was dull to a degree. With a few exceptions price changes were trarrow on the construc tive side. Considering the smallness of the market and the absence of auy tbiug like public interest in quotations, the onh importance which could be at tached to the .luggish but cnnnsteul advance was as a refleetiou of the tech- I meal position based on a large short I interest ' Opening prices were irregular and I mixed. After the first fifteen minntesi or "o, however, nearly everything in the lirl nioTPd forward well into the second hour, when some hesitation was noted as i the traders held back awaiting, as usual j on Mondavs in recent weeks, a possible ', iici'ikimi from the Sunrcme Court in the stock dividend case. J he fieeision Sdturda was not forthcoming and it was an- - nounrcil tnat tlie court wouin iase j LOCAL recess tor a monin irntn nni .miuuiii. It vvjs conjectured that in view of this a deW.-ion might be rendered tnen. rasll noj At anv ratP. new life was injected into ijim tiutlT . . the b-t m the early afternoon on ,llP 'ijffi" ' buying side, and the best showing of the Miipah Ux'tenilon ' se'j-iou was made from that time nu t Montanj the .In ins Crucible Steel crowed 2.".0 , .Jti suru .. . in that DTirol, I'nitcd States Steel ran iTnopah Extension .mo f.-. 1fl7 Kn rivv m l.ncnnintlVP nusucr , w nu through 110. and the oil group was in 'st night past. The paper stocks disclosed !dDftlJ0n nronounced strengtli. International and i fceictie- Araertctn AVritiug Paper preferred in particular. The motorf did not do a great deal. The rails were disposed to be a bit hravy notwithstanding relative strength in a few like Tf as and Pacific, St. Paul and so on. Canadian Pacific wa" pressed down between 2 und ." points. 'I here wah no especial change in the inonej situation, time funds continu ing largely nominal anc; can loan re-,Jn i newing at 7 per cent and ruling a good verdy part ot me time at tnat ngure. I zone 101 lOSJ, 24 a i r,t'.. 152 3 0 9i 41 Vi 2,V',X Vi 2t 1 SO . . ol's- 220 tU S Stl.lOGii 103's JOOVj 1 'Net chdnce mide bv comparison with lart st' on New Yorl: ."-took Cxthancc. Ttal viles 15S7 shares, compared vitb HST rlurrs Satu-dav Sales in l!OM Net Siooo tllsh l.nw cios' rhrc 1 Leh Val (is. 101 101 101 Vi 2 do gen Is 71s 71' 71's-f- ',o J Lib Bouds 3'ns .... os.so os.so ns.so .00 J P.i gen 5s. 'JO'.; OO'i 0011 U 1 Phila. Elec noi oo'-'. 00',-.. 70k 70 70 01 01 a, Olvs-- with J19 000 MINING STOCKS TONOPAIl &TOCKS nid A t I LIBERTY BONDS All Issues :' Bought and Sold $50 $100 500 1000 Graham, Parsons && 435 Cheatnut Street Philadelpbim Jarfcnon Ilaltlt fnfk Trie . Wrbbter C oal d t okn tntmiat" : llarwonU tzirctrlc ( oniiMii Ifit Johnbtovtii Trjiilnii to. Itftc. ! Vortlund 1(9- Mclit .V I'nrr j rhliada. & I'.rli' It. It i.nrril Indianapolis Nortliirn rracflon Waterloo. Cedar t'alN Northern .Johni'toMii rnfcenjr ltmlv tis Kele Klea-trlr Motor fn lnt United dan & i;ir, ( nt 4 om. A 111 pf Mo k , Samuel K. Phillips & Co. 3fftnbers riilludelililn Moel, Kxrhange. , 307 ( heMnut (. Tonopah . DIVIDE 'Ben Hur , Brouih Dlv Divide Extension Dlv S:-nd Di" Con Dividend I Kant Dlv . ... 1 Hasbrouck Dlv . Uleli Dlv . . . I IWert Dlv . . ' Itcno Dlv . HobPtta Silver Kinff . Tonopah Dlv 670CKS 01 (li :n rs is J! to i.x 10 i-. 07 01 J I vs 2 -A 10 12 OS e.s os ns 21 'jr. 01) 05 30 in i 1 03 OX on os i ss mi nu 0.X 07 2.'. ?.- Tn ("-, on ojj 07 0'i 3i an 10 25 ID is 10 20 31 ill) The foreign exchanges were again re- actiouarv in the first hour or two, sight I bills on London, Paris, Uerhn and Itnme OOLDI'inLD STOCKS I r.s wis ,X 104J I ,-n llll'l I , iota Ss iw ns in .'. to: Ah I II til Is If) 'II I r in, i 1 Atlanta Hiu nun . . . . . , t . I ..... t X1UU111 . . recenmg to new iovv record levels. iiiis(. o v course may be presumed to reflect in a Comb rtac . . i measure the seeming obduracy of both I ri?2 r n " ' .parties n the subject of treaty riser- Daisy ... . . . vntioiis, I Hnrenoe The latest development on that score rJSidfle'd Mere '. ' , beinr' the announcement from Wash- laoid Development 1 mgton that Senator Ll'odge refueil , s1-6".' "f."1? ;, ui,,i. .-. i. ...... ..,..,., .lumoo Axienaion I'.'iui uiuun lu louriiivi ttu -uiiii 'iiill?i' aaectius reservations on article A as these reservations now stood. The United States stepl report for the last quarter of 1010, and in a sense for the whole jear, was antici pated with the grentest interest sjhpp the report will embody the effects of the steel strike on earnings of that iur.i Mother vacu Kva.ns I,one .star uro It..d Jlllla WIlT 1'lelf is'pearhead . 02 02 OS 02 03 Ol 01 02 an is on Hi 113 (1 OJ 03 01 02 01 01 NEW YORK STOCK EXCHANGE TRANSACTIONS to to Dlv. Sale In .too ,100 6 t00 fi 100 100 1S0O 100 1700 aooo 1700 .1000 100 ttoo 2000 5000 noo 2700 .100 8G00 .'0 1200 lfcon ice moo too 200 700 too 0'io 1000 16290 100 7 12)0 tioo t 200 son .V)0 (i 100 i 100 7 410 10 73.700 3.50 100 7 .100 2C0 1 400 h 100 COO 200 S 10000 A 100 7 100 b 700 7 ion 800 2100 2100 SCO aoo 2100 r.oo fiion 100 too 200 200 200 100 100 200 200 soo 1000 700 m. 300 700 moo 500 1000 1100 100 7, '.00 21700 soo 190 too 3700 300 1100 700 100 100 200 200 too 2100 2100 isoo 100 too 100 9700 :ioo 1990 3500 200 3000 200 300 1200 100 100 200 20 0 2200 100 coo D100 2S0O too 5900 17300 1200 100 S00 200 2100 ,',500 4000 too 100 00 High Advanco Rumoly . .. 4IH Advance ttumely pf.. 70 Vt AJa.x Kubber 81 Alaska Gold Mines ... 1H Alaska Juneau O M , . 2 Allla-Chalmers ISM Am Atrrlo Chom 02W Am Bosch Magneto ..ltntt Am Can SU5 Am Car & Vdy . . ,.1301i Am Drue 'Syn 13 Si Am l'.xpress os Am Hldo Ai Leather., 20)5 Am Hide & Loath pf..U8 Am Internat Corp ...110 A m-La Franco Unglno H Am Linseed 8S?a Am Linseed pf SS'i Am Locomotlvo 10014 Am Ivooomotlvo pf ..jl0S?i Am Ship & Commerce. 26 Am Smelt & Rcf ... C8H Am Smelt & ltef pf . . OOU Am Steel Foundries .. l5?i Am Steel Fdrlea pf . . as Am Sugar Kef 1301'j Am Sumatra Tob . . 31 Am Sumatra Tob pf.. 011J Am Tel A: Tel 97 V, Am Tob Sen temp ctfs. CS Am Woolen 151 Am Woolen pf 10496 Am Writing- Paper pf. SSt'e Anaconda Copper .... 62'4 Ann Arbor ... . 10 S Asro I'ry Goods . 62 Atch Top & Santa Ke, 83' Atcli Top & S F pf . . . 70 4 Atlanttu Coast Lille . . SOU Atl Gulf & W I S S...1C3?4 Locomotive. .118 101 Baldwin Baldwin Loco n( Baltimore & Ohio .... 32 Baltimore. & Ohio pf . . 43 Barrett 130 Ratopllaa Mining . V Bethlehem Motora . . 29 Bethlehem Steel . ... 9t?i Bethlehem Steel B . . U71-; Bethlehem Steel "''o.. 100 Bethlehem Stl So pf..U3 Brown Shoe 100 Burns Bros 100'i Butto fc'Supcrlor cop. js'Sj Canadian Pacific. . . .128.1, fi California Packing . . 84 California Petroleum . 42 7 California Petrol pf. . . M a Central Leather ... O.l f'erro do Pasco Cop .. "0(4 S Chandler Motors ....134' 4 CheEapeaku & Ohio . 35 W r, Chi Gt Western pf . . '! Chi Mil & St Paul 36t T Chi & Northwestern IS5'' Chi Mil & St Paul pt. 51 U R Chi Pneumatic Tool . . 95 7 Chi n I &Paa T"c Pt.. "0 3 Cli!uo Copper 37'1. Chllo Copper . . . . 1SJ Coca-Cola 38 I Col Graphophono . . W J 3 Colorado Fuel &; Iron. 12 4 Columb Gas & Elec . . C I Comp-Tab Record .. . 51 I Continental Candy . . -31i Con Interstate Cal M. . 10U 7 Consolidated Cigar ... 58 Consolidated Gas .... S3 Consolidated Textile . 30 Corn Products rwer pf.101 Corn Products Rcf... 8S3i Crucible Steel 2331;. Cuba Ca.no Sugar pf . . SI Cuban-Amer Sugar . 430 7 Crucible Steel pr . ,. . f Cuba Can Sugar . . . . 51 '& Denver & Rio G pf 12 'A ,i Imd'cott-Johnson ... 140 Cr.rlo "!' Erie 1st pf 19i Erie 2dpf WIS 3 Llk Horn Coal -S 3 Lll: Horn Coal pt 35 Federal Mln & Smelt. 12 8 PamoU3 Players-L ... S35 3 Freeport Texas ... 28 Flsk Rubber ... ... . '-W 2 Gaston Wms A XVls.. 17 6 General Cigar 1 8 General Electric .. ..168 .2 General Motors ..3031-4 General Motora pf . . S-'i 0 General Motora dob . . 81 C Goodrich B F 7! -JGoodr'ch B 1" pf 100 1 Gt Northern Ore ctfs 38J4 7 Great Northern pf.... Greene Cananea Cop. 36 . Gulf States Steel .. 7S7i A Ilartmun Corp Mit 4 Huckcll .1 Barker Car 03'5 MIECKLL.VNGOL'8 poration. DEPOSITS FALL OFF ' rnoaro rltona t,'nUU . i ISdon Ivodo . Hill . . Xcveda Rand . 1 Promntario . . . . N"' ala Vonder 1 fx'uiJM Mln . . White Cop.i . ir- 02 20 in 0s Important to Income Tax Payers TfAea on lutrntorv und rebuten at rno Iraet Inrome for 1918 run l adjunteil until Jan 2!. TAX RI- PORT CO phonei. WiHidlund 70'1. .1. Oeonlr 1108 M NIGH W GRADE HIGH YIFLD RAILROAD BONDS LIST ON REQUEST iMARTIN&CO. Kill WALNUT ST. Slight Improvement In Reserves of Local Clearing House Institutions The reeorve position of the local Clearing House institutions was slight Iv improved last week. The weekly statement showed an increase of .$;IT0. imo m the reserve account in the Ked ral Resi-rvo Hank. At the same time lubihtiea viore reduced in the contrac tion of ST, 171,000 In individual de piisits. The rxfess reserve, in conse 0'ienee ih raised SS.'o.OOO, liriuging i he tntnl surpluH above legal require mnts up to 5 1,100.000. Loans nud discunts decreased $D1M,000. Iii tails follow: Jon 20, 50 ' ir . 1702 0S3 OOO 2s.,i.i.niHi 12H.0OS.OH0 . 1 18.005.000 . fi33.SU. OOO 8.231.000 U on,.o7. nno GOVERNMENT BONDS Iinama. noupon 2a, 1030. Panama reentered 2s 103C, I'Hiiama coupon 2. 1038... Panama rejterod 2s 103S I'dnama loupon 3b lt'01. Panama registered 3s. 1061 Philippine 4s 1081 Phillunlin 10XX ... Philippine e. 1910 H uov rnupon 2. Si to r pluered S Jov couuon 4s, 1930 . Jh tnno. 1023 nid 1011 too mo ion 8S St 30 III) no lomi ionf, 103. nn 07 03 ox on; 03 ii.i 33 13 01 10 (I. OS Ol or. 113 ot till oo 1'i 18 no4 01 23 l4 t.i HI A'ed 101 101 101 lot no no n.x n,x !!.'. mi ion 100', Hnmertaks Mining . C0J5 Illinois Central s Inspiration Con Cop . oGU Interboro Con Cotp 4 Inl Harvecter 130 Int Mer Marine 4.18 Iut Mer Marino pf 9S" Intl Mot Truck :d pf. on International Nickel. 25 International Paper .. S3H Iron Products Corp .. 30'i Kansaa Citv So pf.. .46 Kelly-hpg Tiro 134 Vi Kelrcv XVTiccl 80 Kenne.ott Copper 30 Kejslono Tiro & Rub. . 3614 Lac-Uawnnmk Steel ... SS'j I...ke r.rio i W p( , .17 Tjoo Rubber & Tiro . . 35 Liggett & Myers rts.. 15 Low 41 70 H 80 J5 2 18 4 02 !4 118H 53 a 13714 1314 08 26 110 167"-, 14 8414 98 98 105t 25 ?4 0714 99J 45 S3 13COi 00 91(4 97 60 S-4 IDH 10494 56 61 10 i 61 S3 63 K SOU 16114 113 101 31 0 45 . 12814 t',4 37 'i 89a s. 100 113 100 106'4 27'4 127 82 4114 7'!-?4 01 U 56 133!', 53 1 '4 2t 36ai 185 5114 93 70 35! i 37 51 OH 62 54 12 18 58 M 23 101 S334 HI "thi 135 M 50 '4 13?i 137 12 H I9I4 1 !i 23 3.i 12 82 27 41 16)4 71 167"4 293 V- SI 78 77'4 99!'g 38 78 33 !4 77'i 104 59 !j 60 SSJa 56 1 129 39 3 07 69 21', 8t!s 19'4 16 133 80 30 ',4 33 !' S3U 17 35 13 Today'i Net uioeo (jure. 41 7014 8t 1?- 3 4n? 03 !4 lt'4 5414 139U IH, 9S 2614 113 109? 11 - 81-i- 98?4 99?4 105 2534 C8J4 a 45 93 136M 91 I-9t!4-9714 67 !4 15314 1046 5S14 61J4 10 !4 61?4- 83-70U-S9U-163 117 -I 101 31 45 120 VA 29 891'c 07 100 4- 113 100 106IJ- 2715 127 - 81 H!4- 71 91H 56 134 !4 55 U 21 -30 185 -31 95 -70 37'j 51 !4 42 62 54 12 '4 -I IS 53 -(-S3 -30 101 -85'fe-f-22914 i 93 50 -12-110 1314 r tn n 13 !i i H 94 i V J4 1 1 3J4 i 74 H 3 314 154 1 3 !4 !i 74 1!4 Dlv. Sale In f 100 7 800 2 11)0 100 7 100 400 4 500 100 29100 10 200 3 13100 1.20 2400 4 500 800 206 100 3 310 100 7 100 500 4S0O 100 1,50 110O 400 100 400 400 100 200 1700 300 2200 10 5 .50 200 3.50 114 V4i 11 141 !4I 1M , ' I !4 ' 1 It ' ' , Us ! S!4 '-4 10 I 12 82 2714- 43!-s 16 71 167!i 30314 81 -SI -79 78 36 7S!4 104 4. 60 ', -1 60 39 i- 56 4 130 41 98 B9 - 25 84J4 50 - 16 133 60 3014 35 83J4 17 35 15 I 14 U4 1 7!4 !4 !4 17i Vi !4 la I .if 1 1'4 74 74 174 3700 .50 300 290 5 1400 100 3 300 5 600 8800 6 1200 200 3 200 3400 3 200 37D0 SOO 70 B 200 5 1700 3 770,0 230 8 4100 200 S 30 5 100 1 ;ion a 090 8 1 100 5 leoo 8 40(1 2 300 1 790 200 4 33890 6 13100 8.70 100 1 1400 H330 u'joo 200 ion a 1900 8700 3600 6 2300 6 100 100 5 1200 4 37300 7 200 5 SCO 3 200 7C0 3400 10 500 100 2500 100 6 6400 100 5 200 I 2o00 P)00 10 500 4 100 7' 200 3.50 230 10 700 1700 14S00 3 300 100 5 300 3100 'i 4C00 8 1U0O 8 8100 8 100' 8 tOO 3S300 5 200 7 600 6 2)0 1230 1600 4 230 6 100 8 200 20O 500 100 100 4 200 7 000 1 4C0 5 100 1800 4 16000 1 4300 Liggett A Mycra pf Locvvo Co .. ., 31 Loft Corp 2314 Loulsvllla & Najihvllto.tOO'4 Looso-Wllca Biscuit .. 07 Mackay Cos pf 61 Martin Parry 29 Maxwell Motor 31 Mexican Petroleum . .80274 Miami Copper ',23? Mlddlo States Corp ... 4014 Slldvale Steel & Ord.. 50J4 Minn & St I. new.... 1374 MlFHOurl Pacific ...... 23 Missouri Pacific pf 40 54 Natlonat Acmo , 38 J'at Anlllno & Chcm.. 6514 Xatlonal Bit-cult1 pf.. 11 Xat Conduit A Cable . 9 Nat Enam & Stamp. . 82 National Lead 84 Nevada Con Copper . , 16 New York Air Brake .110 New York Central ... 08 !4 Now York Dock pf . . . . 55 New York N II & II . . 2674 New Or Tex & Mcx . . 4274 Niagara Power pf. ..103 North American ... . 56J Northern Pacldo 78!4 Nova Scotia S & C ... 72 Ohio Cities Gni 49 Ohio Fuel Supply .... 50 74 Okla Prod & Rcf 074 Ontario Silver Mln... 014 OJa Elevator 135 Otla Steel 3774 Owens Bottling Mach . 5974 Pacltlo Gaa fi Kloo ... 37 !4 Pacific Tel & Tel .... 4314 Pan-Anier Petrol & T 90 Pan-Amor (B) 92 Parish & Bingham ... 1314 Penney J C pf . . . . 01 Pennsylvania P. It . . . 4314 Pcnu Seaboard Steel . . 33 Peoples Gas Chicago. . 4074 Peru Marqiletto 29(4 BPcro Marquotto pt . . . 4314 Peru Marrj prior 1C .. uaVi Philadelphia Co . ..41 Pierce-Arrow Motor .. 70 74 Picrcc-Arrow Mot pf. .105 Pierce Oil 20 Plerca Oil pf 94 , Pittsburgh Coal of Pa 72H Pond Creek Coal .... 23" 4 Prersed Steel Car .... 1812 Pullman 1 5 Puuta. Alcgro Sugar .. 90, Railway Steel Spnun. .10014 Bay Consolidated Cop. 2174 Heading 5H Remington Tjpewrlt.. 89 Repub Motor Truck .. 3214 KcpubllD Iron & Steel. Il3 Itojal Dutch N Y ....110 St Joseph Lead 13 St L San l'Tanc.tcu.. 18H Sa ago Arms taon Motor Seaboard Air Lino . Seara-Roebuek . .. Shell T.-ana Trading Jlnclalr Oil rts ... S10E3 Sheff S & I . . Soutlurn Facltlij . . . Southern Railway . Southern Railway pt Stromberc Carb . . . Studebaltcr Stuls Motor Superior Steel Third Avenue Turn Cop & Cliem . Texas Co Tca3 & Pacific . . . Tidewater Oil rta .. Tobacco Products . . Tobjcco Products pf,. 10114 Trantcontnental Oil . 10 Transuo & "vVma Steel. 6374 Tw In City R T , . Union Oil L'liion Paclllo United Alloy Steel United Drug . . United Drup lt,t pt United Fruit Un Ity Investment Lit Ry Invest pC llleh. Low 108 J, 10354 1 Today's Not (Jiote uncoi 15 .. 19 ft .. 71, . 3.5 . . !4 . . 43!4 .. S24 ..100 Vt . 2114 . 54 W . 70 . . tos 74 . . KA . . 40 . . 11 . 13 ..204?a . . 3714 .. ai',4 01 31 Is 123 43 its - 5t',s 105 'i 1374 23 U United Retail Stores.. S9!4 I'SCU' & I''dy 2214 USCIl'4 Kdy pt .. 5114 I! S Express 30 J4 U S Food Products .. 6974 U S Ind Alcohol 109 U S IleHlty i: Imp.. 53 U S Rubber 17 V H Rubber 1st pf . ,.11 U S Smelt & Rcf 70 74 U S Steel 06 U S Steel pt I'574 Utah Copper '6 L'tau See JO Vanadium Corp 774 Va-Curollna Cliem ... 6674 Va Iron Coal . Coke. . 7S!4 Va-Car Chcm pf . . . .111 Wabash pf " We!l3 Targo Exp ... 5214 Western Maryland ... H9 Wotern Pacific -374 Western Pacinc pf ... 'O Western Union Tel ... 8674 Westinghoubo E & M. 53 i Wilson & Co 3374 Wheeling & L Erie... H?a W'.vitc Motor 61 74 Willys-Overland . -T Worthlngton I'ump .. 03 30M 21 10074 07 64 3974 31 105 3374 74 40J4 l74 374 40 ns 634 11 9 81 8374 16 106 6874 55 3674 42 103 56 !t 78 7t 46 50 74 0 7 0 74 135 3074 3D ;, 57 42 02 8074 12 93 43 3274 33H 2374 48 Vi 65 74 40!4 C07 105 18 74 , ni 03 2374 87 11.1 no; a 9 21 75 80 63 Ht?i 10874 15 is 74 13 1K3J 7 225 847 1274 79)4 2174 5174 T-'ro 190 74 126 47 11 H 201 26 i 4 2174 00 !4 lot!, 26 6274 35 33 l''l 40 113 51 101 !4 1314 281a 86H s'I 5174 39 !4 0,5,1.2 100 5314 131 ',4 114 70 105!i HI 75!4 7b 4) 65 Ji 78 ',4 111 22 '."'4 11 2T4 (,0 8614 53 55 1154 59 27J4 3274 10874 3QH 23 100 74 07 61 2974 31 200 50 1315 25 40 -38 0574- 1 0 82 81 16 Ji 94 VA 74 74 "74 1 74 74 74 74 H 74 H 274 1 74 107 174 68J4 74 55 2074 42 103 . 66J4 7874 73 48 50 74 9 074 135 3714 50J4 3774 42 - 0574 02 4374 9.1 43 -33 39!4 2914 4814 -05 74-40 70J4 3J4 105 14 1974 04 6254- 74 2314- !a 9374 115 00 74 00J4 2174 J 7574i S3 -r 5314 11391 U0 -1 1 1 74 A 3J4 14 74 7- 3K 174 1 2 74 174 74 74 14 U 14 I VA 1 HEAVY SELLING MOVEMENT IN RAPID TRANSIT STOCK Price Forced Under '25 by Heavy Pressure Olhcr r,0wi ' Little Changed The weakness of Philadelphia Rapid Transit wns. the outstanding feature of the local market. Tho stock was under unusually heavy selllug pressure during the morning, wheu the price wa forced down ,$l.a"5 to 2191. The volume of dealings were unduly large for this stock, and about the only plausible ex planation for the liquidation was found in the report of the Muyor's decision to rctaiu the present director of transit. An impression had prevailed in market circles n new director would bo chosen who would be more friendly to the Rapid Transit interests. The weakness of the stock was loval ized, being virtually without effect upon the other local shares, ns well ns the underlying companies of tho Rapid Transit s.vstnn: Union Trnction was pegged at .'Hi. Nothing was done in the others. In the general list, the trading was without feuture of iuterest and most of the room trading contingent was ap parently more Interested iu the dec tloticcring for ,the new ofllccrs thnu iu the market itself. The volume of busi ness continued of the same small til meusions und was productive of the same mixture of narrow-price clinnges. The only exception from the usunl program of fraction swapping was sup plied by the Philadelphia National Bank wurrunts. These after openlug So higher at 100, dropped to 151, a net loss of S4 from Saturday's finul quo tation. The Alliance Insurance Coin- warrants, on the other Ua transactions, improved u" ,er icricpu Ons scored .t.l.8H. pany warrants, sman tr American Ons score ih. ? . Win of 1, advancing to 'o" odd lots. Philadelphia Eh.??! BBI"' stendv nt ".-.. t.i '. k'wfle . steady nt 25. Urn ted riJii c '! LCWff.SEffl?a5 Battery 'lost V VTi.idlnT. 8lKlt was ): Phil! lower adelphla and AVcstcrn at 0. The reserve position of n, , Hearing house .ntltutle?ni wa,,11 improved last week! The Z crvo was raised $853,000. bffi3 If' surplus above legal Vco ire!iD.5 tb 1.10.000. r.oan, nnd 3fcD'8 to cut down $021,000. alFCl5unls vtttj In the Oninlnn nt il, -n! .. . all the leading loaning lnrttutlSL,aa drastic Increase in th T Federal II .! """ rediscount rate nn f."?'.'em will have a favonlplc effect. "t'vvlFl"-' suit ill a wholesome ileflnTiL ,'J1 - ? f,,"Bl50?Lmff5! "rtit'o. IZ account;. '" lua" out m j "Whilo it mHV omit .. .. certain to result fi a much Kf.1' banking situation, from whl,h h,f Eleri in general will mprove? nthSl' ed in tt eSn fsl iZ L ." L?; nj.fi the dangerous inflation in others of i.' essential character for the pcrSr,. i"1 of the country's prosperity PCm"at'- CORN TURNED HEAVY AFTER STRONG START Market Under Prossure Because of Drop in Exchange and Increased Movement 13 19V4 7 -223 -I-86J4 13'4 si ;, 100 76 101 123 19 14 -UJ4- 203 74 37 i J 2114 01 101!, '- -r 0214 35 -i-31 14- 133 -49 113 31 - 135 !4 - 13 !4 23 K 74 5114 30 J4 6314 X 108)4 33 126J4 111 70 100(4 11514 7574 10 7J4- 0!4 4 7874- 111 22 23!4 60 8674 5374 35!4 ll 61 28 - 0014 GRAIN nCLT WEATItKIt FORECAST ChlesiRO. Jan. 2n Illinois. Mtsaojrl, Jtlmesota, faouth DaVota, Iowa, No br.ifka an'l Konsau Partlv rloudr to nlslit mirt Tuesday, much colder Tuf dav. Wlncnneln Untettleil tonluit. warmer fouthneft; Tuesday, rartlv "joiniy nnd much colder. North Dakota and Mon tana Generally fair tonlslit and Ture day. cold wav. Aemln Unsfttlpd and mill n colder tonlpht and Tucsdav; nrob ubly ftnuw Tuosda. t'lilrago, Jon. 20. Declines in wheat and rye, auother crash iu foreign ex change and an increase in movement 2 2! 374 3 1 214 M4 M4 1a li la Jbjcaufcd pressure in corn today, and the ''j market turned heavy after it had started stronger under the lead of Jan uary. At first there was a good demand, which was encouraged by dispatches from Washington, indicating that American concerns were pressing the State Department at Washington to trade with the Russian soviet govern ment and also by an advance in hogs, A leading clovatoj and commission house purchased, but offerings soon en larged. Renewed talk about the cost of liv- iug coming down aud the curtailment of bank loans to farmers on wheat, curtailed the buying power. The opin ion was expressed that the embargoes by railroads to the eabt would be lifted soon. Trading in the pit vvas not active. Oats were dull und uninteresting, and"1??! the market sagged after displaying Vie" steadiness. t,ariy more was contin ued bujing by commission houses with eastern eunuecious, and offerings were limited. Later, selling by local operators, in fluenced by the declines iu rye, corn and wheat, brought about nn easier toue. No bidding was reported by ex norlers. the eastern shipping situation being so deplorable and the western car supply so inadequate tnat it was deemed !..n.llr.l,lA i rt unl.i f.i.lLA. ,...n,m!l 3 74 74 3 74 74 1!4 174 ' !4 EXCHANGE AT NEW LOWS DROP COAL CO. MERGER 1' m fnm hinku Imi k d'l'eeMtH ' I'll d' t'utllf s . n" doposlte I e Willi I II i gal dennaltorieb reerrune 051 000 B 1 1 D "On 7 015 one. T.47I.00O 7 306 eon 304 OOO i irh Ttial I Bonds for Investment Circular ' i rtenueel The Naliona! City Company Cprrponfti Offices In over 10 ciltn rhiladelphl" 11S1 Cheatnul H(, Atlaotl. tin 1235 Uoardtralk RAILROAD EARNINQ6 a KArtAUIs J'M-llTJlt, "ir 'teaJ 'Jan 1020 ISL8J7 000 lnor MliCH 00 vaulia 1.1(131000 ..serve held . 1T.73,000 renulrert .. tl1.H23.000 II. t r re.mlr- d . 3.fi2.1,OfiO mi viBuna I'Counvrj ststhai I, .., n h. II . lit 007 000 '1217 000 I ,-.. rerro 3.1H8.000 737 (100 u:tT i'OMf.Nirs not Mnjinuts lir.SliltVK hYhTf.Jl t'uervo held .. 13,770 000 10? 000 tees reserve . . 102.000 lit) 1100 tr.rreaie In addition to the riepntlts above there wero thle week jr3 000.000 government de posits aalnat wliirh no reserve la required. BANK CLEARINGS Uink clearinvs today compared wth cor reaDondtnsr day lapt year jui-o 373 oooi tiatinns 33.1 OOO IBs OflO ItlS.OCe' Boston ... Now York. Chicago IMItlmoto 1D1Q S44.011.140 1.-..1 lill eol MJ5.4.21!7 400 337.038 sii,tr7,n34 13,931.0311 Negotiations Between Newton and National lee Companies Terminated Ktufk holders of tho Ocorge I. New ton I'ual Co. have been advised by the stockholders' committrc that the nego- with H. M. Schntzkin and the National Ice and Coal Co.. under tho 'terms of which Newton Coal stock was i deposited with the 0 Irani Trust Co. huve been terminated. It was foiiuii impossible to consum mate the transaction except bv the In clusion of ronditioiis which the board of directors and co,'umitte did not find jii.tilled in recommenillug. Tlie committee states that other pluns are under consideration which mu develop to such n point that thej ran be submitted to the stockholders i within a reasonablo tlmo. The Glrard Trust Co. will return lock certificates on surrender of de- loslt receipts, nut stocitnoiiierB ar r, German Mark Falls to 1.02 Cents. Sterling at 3.59'8 Now Yiirli, .Ian 211. Rates on French. Italian nud fierman eschunge dropped to new low level-, in the local market todu.v. Demand bills on the pound sterling were quoted at $."..110. off 2j cents from taturdny close and n ntiitrter of one cent above the record low. Tranc checks were tpioled at the rate of 12 27 for tli dollar and lire checks at the rate of 14.12. The Ger man mark, worth between 2.. to 24 cento before the war, was qnoted toduj ill 1.00 cents. Demand sterling later dropped to $.'.tj,i, a ne,y low 1'rano cheeks dropped five centimes from the opening quotation to a now low of 12. "2 and lire cheeks went down to 1111. Marks de clined to 1.02 cents. Other quotations were: Swiss cables fi.,'13. Checks .". '.; guilder cables 37, checks flTi ; pesetas cables LS.fiO, checks 1S..V); Stockholm cables 20.2.". checks 20.10; Christianla cables 18.10. checks 18.2.1; Copenhagen cables 1(1. G.1, checks 10. .10; RVlgian cables 12,r0, checks 12.52; Austrian .02. In the lute afternoon sterling estab lished a new low record nt H.,'91.4 for demand and .'l..rnTs for cables. The market continued ver weak. l'ranc tables were 12.10. checks 12. 12Vj ; lire cables 14. .10, checks 11.12; murk cable- 1.0(5; Austrian, .20. NEW YORK COFFEE MARKET Now Yorlt, .fan. 2(5. The local cof fee market was lower this morning in sjmpathy with the rather poor showing in Brazil as noted in the official cables to the exchange. The market was dull right after the call, with bids li to 5 points below initial figures. There were rumors hero last week Ihat there hail been a reduction iu the stock ot coffee nl Rio, which did tint show in the official figures. In response to a requcht for information nn this point ii cable was received by a local 11 rm toda.v stating that street talk in Uio placed the stock at only 200,000 bags at a time when the official cubic showed about 200,000 bags. March May .July September Tet't Cloe 15 7.113 70 l(Ul4i'ln 01 111 14JMB K 15 S3 ft lftftl ir. ns 10 02 IS 12 IB S3 11 a in 1.1 11 1.1 OJ 1 12 K, S3 Discount Rates gives rates for all titteen- o period Reserve Banks' The tirht column neriods up to and including a dav maturity, the second for of siitcen to ninety uajs. inc tinru and fourth columns give the rates for discounts of collateral loans secured by government bonds or notes. s.oin'i paner iiov l paper id 10 to tin day a MONEY-LENDING RATES NKW YORK Money on call opened at 7 per cent; high, 10; low, 7; last, 10; closed, 1011; ruling rate, 7 per cnt. , ,, , A moderate amount of call money 'is reported coming in, but time fuuds arc S per tout bid, with no money offered. Prime bank acceptances show irrcgu Taritv aud conUicting quotations. Prime member sisty and ninety-day bills are .1 iiml OVj per cent; short bills, ,1ai and .1, call lonns tin accept ances .1 per cent, and prime mercantile paper 15 per cent, I'llIIiiMIKIJ'HIA Call. 0 per cent; time, (1 per cent ; commercial paper, three to si months, t! per cent. LONDON Money is quoted at H tier cent. Discount rates, short bills. 5 per cent; three-month bills, 5 per cent. lCo.Roa.sss in ltd" ft.n Crude Oil at New Top Price 1'iUsbursh. I.. -Ian. 2(5.- Pennsyl vania crude oil was advanced 20 ceuts a barrel, to $5.2.1, by tho principal pur chasing agencies here today. This is tho highest quotation mr tins graon ever posted in the Pittsburgh market, but it was sain last wees tuui on ohu neen commanding that price for some time, as purchasers were williugly jiuying bonus. Other grades of crude quoted in this market were unchanged. Prices Steady on Paris Bourse Paris, Jan. 26, Frit en were steady on the Bourse today. Three per cent rentes wero quoted at CO francs 70 cen times; exchange on London. 44 francs 0.1 centimes; 0 per cent loan, 88 francs 15 til tnOO days daa Ponton . . 0 New Vork . U Philadelphia. .... 6 - Richmond . .. K 4K Cleveland 4 1 i Atlanta .. .. 4 Chicago ti 0 ft. IX'Uf" .. 1'- Minneapolis i 9 Knnaai Cits , r.i 5'4 Dalian ...... n tlan I'ranclsco . I' ! days '4 ni, 4 '4 '4 5 4 s r 4 S '.V, S ' 4 Rotes on outstanding certificates of indebtedness continue unchanged ut lai per cent. CHICAGO BUTTER AND EGGS Jrt - UVTTClt tutUr. SENTIMENT IN C0TTC AGAINST THE MARKE?' Ovorsold Condition Rofloctod i 25-Point Rally When Shorts Cover New York. Jan temperatures were r: ton belt this mnrnlne Smith, 10: Oklahoma s.,i;,v -icK ana .vicmohl. 3n. f,,. .-; Atlanta nnd Wllrrlnelon. 8.- vi1 Ld ."Ki-.34.: ShrSveport. 'Chib sikaneaiDn, tonlo, con an tanooza Abllena and Fen ana rjasavllia, ;. and ta ,,t.,..r Monttromery and Savannah US: OauVS' j". i.ierioin ana inomanvl e, 45 n, Orloann. 40; PeiiBacola. 4B, JackcemSii; ". an'i ;ia-i.M. lis. There va. 01 i.V. precipitation at Bavonnalu .1 01 at Charlefton: 10 it , Of, nt Pennenla fta .. ' Allllnlu t Q .1, HrMn , nn .' ... . and S.10 at Montgomery '" " Al"nu; nt preclplti Jneksonvllle IVllmlnRton. -cw lorn, Jan. -'U. The cottea. market developed some irregularity U the early afternoon, selling off to S5, for March on less favorable treatv newi from Washington, only to rally several points on covering and buying by sev eral of the local and southwestern spot nrms. bentiment continued against the market, so far as local traders wen concerned, but there was no particular pressure and the undertone held about steady. Toward mid-nftcrnoon a locally over sold condition was reflected in a rally of 23 points when shorts attempted to cover. Receipts of cotton at tbe ports for tho day are estimated at SO.OOO bales, compared with 28,348 bales last wetl and 1-I,U76 bales last year. 11.00 130 March Dec. . Did Sat. Today's clone. open . 3R.M 38.0.1 . 31.31! 34.07 . ai.sn .12,08 . 30 Of) 20,1)4 2D30 20.45 51 1 i. nt n. m o. ra 31.00 MS 0.1 34 Ml 31.13 3110 3(57 32.13 32 10 32.21 1 inadvisable to make ments at thy moment. further comiuit- LIVESTOCK QUOTATIONS riiteiio). Jan. 26. HQOS neeclots. 0 head Slow, hlcher. Hulk. IIS.BOit! ton. $10: heavy. J1.1.40'S'11.R5: medium. I lift.flftwift.DO. light 115 6nWH: light HthU, !.-. iii emooth tu:s0 Leading; futures ranged as follow 3 Corn, (new delivers) upen tntrn L.ovv 1 4Hi 1.44' Sat 1 411 1,31 1 33'i 7 Jan May . juiy . oats May Julv . . . Pork Tan May .. . t,ara May July mos May .... juiy ....... jjia. tasiico. l.1 1 31S 1 33'5 1.32V. Close (.lose 1.4.1 11.41 l.SJVj 1,30 l.Mh . . sr.'i "tl S2'i 7oU S3 75s, S3S 7G 3',i 1.1 30.1. 1. 30.30 -30.2.1 24. .1.1 21.62 20. SO 21.. 1.1 21.8.1 20 S2 21 20 21.2.1 21.0,1 20.R.1 20.07 21.2.1 .'1.3.1 20.07 20.07 311.30 2.1. B0 t24.r.O lll.f'0 20.80 No Change in Refined Sugars New Yorlt, .Inn. 20. The refined sugar market remains practically un phonged. Arbuckle Itrothcrs arc mak ing the February allotments of fine granulated and the soft grades nt 10c. The American and National compnuies continue to quote fine granulated at lilc, less 2 jier cent for cnsli. The other companies continue withdrawn from the markej. ilo3rl.V73: heavy tmcklnr cows. Ill 3l.i.!.'A: cacklne sows, rouah, 14 rtiiri tin 7.165 14 7K CATTLl; UeeelDle. lft.OOO head Stroni Deet oteera. medium and Iteavy choice and Jrlmo 110 il3 ft' IS 50: medium and ooi 11 75rifl.05 common. 10.50P11 IS, 1 rht vveliht. mod nnd choice, its 35317 21; com- I mo-, and rrtdluin. invia.KS: ru-.ir-r tie, belter-. !75ifl4: cowa. ln.7531211: I eunnern nnrl tittera f .1 lOftf A 7.1. eal eLlVtl. fl5.703.10 25. feeder eleere, 181"S):I stoeker eteers, j7.cotfii Htfinr-p n.,ini, snon sirf Stn Lambs. J19iI-0.8.-i. culls and common, ill Hi (tf IS. .111, ewes mlluin cooa nu enoin, !10.r,0S'lo; culls und common, isjovio. Ill l.hn.rl. .tun PA CATTT.-! RettiDlj. I 700 hesd Hlfthor Steera. 115 506H.I heifers Sll12: cows. JOS 10.50, CALVES Receipts. 201) held. Mini. I Top. 123. , ... , .. iu no "iiin r.0: heav-v sorkrs. I1H I 17.25: lleV: forkers and pies 110.90(511. I SIIEEP AND LAMBS necelpU, H head IIIKher. top sneep. io, imp i..u I2V. r-a-t nnffalo. N. V Jan. 26-CATTLE--J Tiximu .no head. Heavy steady: out--" I 25e 'hleher. Prime eteera. SIS.SOtJT! eiii-J- P'M.Mra. Ji.naw 10: DucnCr;, ...; ?owV. ioiu.1 bolls' loeio.so: VtecWJ ..i'ij..i lion?!, frerh roi inl I Sr.Vln.ree.. eteady. SO 50ff 17 f.0. Calv celpts. 1200 head. Fifty cents liUrner, "iloaS-Itecelpts, S80O li-ad Thlr-Ov 1 to 30 centt higher. Heavy, $10 1JH I mixed, J1I1.70W lo.sn, loraew. y JY,-. ll.rhl ,ln and tics. S17. roUatlB, jllSi'vrM ' If., otaira, 1012 50. 'Hi WITH A Liverpool Cotton Uicrpool. Juu. 20. There waB a fair inquiry for spot cotton toduy, with pricps easier on the basis of n decline of fifteen points for middling nt 27.Bld. The sales weie (1000 bales. The re ceipts were ."..") ,000 bales, including 20, 200 bales American. Futures were quiet in the early dealings. .Spot prices were: American, middling fair, .'i.'I.Oltl good middling. 2!.70d : fully middllug. 28.7.r)d i middling, 27.fild : low middling, good ordinary, 22, Old, nnd or-21.0111. 21.1KW dinar' Nevv Vork, Jan Crumm. ,13'D'B4c. HOHH eaaler, lterelpta tll'i "UO.Ie. ordinary flmts cases IncJuded Dlltlle 4(V) rasea Klrats, Cl01c, ut murk DIVIDENDS DECLARED International or oo cents Petroleum Co rhare, pavable a dividend 1'ruru.ry 3 tn ..toe-k nf reenrd iJanuarv .11 Nevv Tork Shlpbulldltur Corporation terly or 11 payable .Mulch 1 to stoc record reuruary v ouar. :ii of Tradeomen's National Extra Dividend The Tradrsmen's National Bank has declared a regular quarterly dividend of -vis P'r cf.nt; ana an extra aiyioena oi 1 msit receipts, uui siocuuuuivib i,"' ri"";T"i "v ' r,i -. y ;"-; -va i,r wtvv ,t';,'i,"'i"1 '"l , y uestetl by the committee not 4VJMM J5 nt,mi'. Th ,Io,lat wus W a Pr, cent, boh payable a'fcrirr J In ImuAwL ' yw jt 1,2 frsncd f32 ccUraes rtgl(,tered January 20 S d. Charters Filed Dover. Del., Jan. 20. Charters filed here todcy were : The I'ostrade Stores, Inc., to establish and couduct merchan dise business of .ill kinds, $3,000,000 ; Paul A. fvohmlu, Kdiuiind J. Dyer, Hrooklyn, N. V. : Ruth Rryau, Jcrtey Clt.v, N. J., incorporators. The Sho shono Co., Inc., $5,000,000, to deal in and with livestock of all kinds; Stew art M, Seymour, New York; ilarry V. Duvis. M. L. Rogers. Arilmingtou, Dej., iotorporators. Thp Rahia Co., cultiva tion of land and ruislng of livestock, S2.300.00U ; T. Ii, Croteau. Q. H. Rlnske, S. 13, Dill, local, Wilmington, Del , Incorporators. BAR SILVER Commercial bar silver was minted in tbo New York market today at an -oMsrit mb& Bank & North America 307. CHESTNUT vST., PHIliADELPHlA. advance of, C. at $1,111 an nntiM. Upon Requcat, Will Be Pleased to Furnish an Elucidation of the War Revenue Law of 1918 Ih Its Application to Taxes Which Must i i Be Puid for the Year 1919. & "T .13. n . r"lV. ,,
Significant historical Pennsylvania newspapers