v ., i Bt ?! A. ' 1 rt " - '' film. . i w '',r 'f er kurgh, Cincinnati, indSl.l.Ry.Co. wwlii-ated Mortgage s&s Due May I, 1964 TUX WEE IN PENNSYLVANIA NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATloM nf ranud Principal and Interest by Endortament by Pennsylvania Company (Mnat of P. R. R. West of Pittsburgh) tfce bond's are a i .rom tinclui fBJsfl fJl I nlnmhiiu n. "i.yo i-oulsrllle) nnd br it norttin on " ubJect to only 1.47S.0OO under. St i it-"". ' ." morurat-o lien no a of. the p. ft. n. System bttn the ?..IW"0B,J b, to. Columbus and from Indian of rlrtsburib, Columbus. Chlcaio. in. FURTHER IMPROVEMENT ON MODERA TE SHORT COVERING Fresh Demoralization in Foreign Exchange and High Money Rates Was Entirely Disregarded Us. Cincinnati and Loul.rl Circular on RequMt Price: To Not 5 Per Cent. i 04 Bitldle & Henry SOUTH FIFTH STREET wanted Assistant Manager Foreign Department There is an opening in the 1 foreign department of a New York bank for a junior officer (assistant manager of the foreign department) . Applicants snoma De tuny acquainted with financing of imports and exports, trading in foreign exchange; knowl edge of domestic and for eign credits essential. Should be able to handle large office force. State past experience and sal ary expected. All letters will be treated as strictly confidential. Address B 611, Ledger Office -Stock Salesmen- A New York Brokerage Home of unquestioned standing I del uged with Philadelphia Inquiries "Pi Iilgh-cIasB, dlvidend-paylnr Mid-Continent oil security short ly to be traded in on the Niv York Cnrb, under exceptional market sponsorship. This bouse wants one or two suc cessful salesmen with established local connections and credentials ..f,0,i,,w np "nd cIoe B'e 'n the Philadelphia territory, but wlshea to get 'In touch with the salesman himself, not with any brokerage House employing him. There Is a big opportunity for uie right man who can (how results. neply In confidence to the New York address below, when an on. polntment will be arranged for Personal Interview with ene of iSTii i?r.mu". rePrntatlTes, at Philadelphia. Address P. C. B.. Pottoffico Box 372 City Hall Station, New York City New York, Jan. 27. Conforming to yesterday a course today's stock market disregarded the further break in foreign exchange and hiih money rates and continued its upward or recovery move ment. The chief factor was the scant supply of stocks, reflecting the acutely oversold conditions which were a na tural result of the liquidation that had ucvu in progress lor over two months, coupled with the three weeks of almost continuous hammering by the bear contingent. Tho covering movement, while the most important factor in elevating prices, was by no means extensive, nor was the demand apparently as urgent as noted yesterday. This, however, would not imply the complete rounding up oi mo snort interest, but rather reflected the indisposition on the part of tho constructive leaders to force the cover ing movement. It is reasonably certain, if any con centrated drive was made against the over-extended bear account prices would be sent soaring and bring about a fresh outburst of speculative enthusiasm, which, because of the money market conditions, is furtherest from the hopes of the bull leaders. Perhaps the most significant feature of the day was the appreciable increase in buying orders from many outside points. The quarters from which many of these were received would seem ingly indicate the powers-to-be were keeping in close touch with the market situation. It also showed that the public which held aloof for weeks were disposed to nibble. In many respects the morning move ments were almost a eomplet repeti tion of yesterday's program, except the advances were not quite so pronounced. There was the same uncertain ten dencies manifested at the opening, which this morning wero due largely to further demoralization in foreign ex change, all tho leading remittances falling to new low records. This collapse which later extended to the Scandinavian centers, however, was ignored in that technical conditions continued to exert greater influence than outside news or developments. The market oulcklr steadied within the first hour on the renewed cover ing movement. Copper, food nnd chem ical issues wero added to the list of moderately strong stocks, but motors, oils and the steels, tho latter includ ing several equipments, continued to lead the advance. United States Steel, contrary to ex pectations, moved within the narrowest limits, giving co intimation of the char acter of the statement of earnings for the final quarter of 1010, and for the year of 1010, which is to be issued after the close of the market today. There was the familiar slowing down around midday, after the renewal call rate had been fixed at 8 per cent, against 7 per cent yesterday. Trading continued very dull during the early afternoon, but prices mounted steadily. The movement continued to center in high-priced industrials and specialties at extreme advances of 2 to 14 points. Ralls were the only issues to make no appreciable progress. Shippings were included among the higher quotations recorded in the last hour, the market again disregarding the further break in exchange. I NEW YORK STOCK EXCHANGE TRANSACTIONS Sir. ln STOCKS STRONG 111 STUCK D N DULL MARKET TO HELP STERLING Street About Evenly Divided as to Immediate Future Price Movement SHORTS ARE NERVOUS Gen. Amer. Tank Car $ EQUIP. Ss Free of Penna. State Tax Free of Normal Income Tax Price to Net 6.25 Circular on request Townsend Whelen & Co. j SOS Chestnut St Public Service 7s. 19,22 " Penna. Water & Power 5s, 1940 Phila. Electric 6s, 1922 Georgia Ry. & Power 5s, 1954 .Loc'st 8104 land T;lle Bldg nace 411 Reliable Broker or Security Salesman to handle a small block of an attractive dividend-paying- industrial. Favor able contract to right party. "Industrial" P. O. Box 372, City Hall Station, New York City New York. Jan. 27. The New York Evening Sun's closing financial review toaay says: The stock market was strong today, but trading continued so restricted that it was difficult to draw definite de ductions from current price movements as to the probable course in the near future. The street appeared to be about evenly divided between bullish and bear ish opinion; the one citing the tech nical position within the market, that is to say. the large short interest and the limited offerings made in response to bids of a more or less ureencv. nnd the f other pointing resignedly to the dubious outlook lor money. A good deal may be said for both, enough indeed to suggest to an impartial observer of market conditions that the seal s may be about evenly divided for a considerable time to come. However, this may be the shorts at the moment have none too much confi dence in the security of their position and this feeling was not materially allayed by obstacles encountered when it came to covering. The situation in Washington f-ecms bad from every angle whether it con cerns the peace treaty or the railroad matter, although the latter has appear ed a bit brighter than last week, but it works both ways so far as influence marketwise is concerned. The bears have gone a long way in discounting the worst that may be fore Proceeds of British -American Tobacco Sales Go to Purchase English Remittances ISSUE FINDS GOOD MARKET New York, Jan. 27. An important feature in the trading on the Broad Street Curb today was the development in British American Tobacco, which has been used for over a week past as a means of steadying the sterling ex change. Sales of that stock reached more than 10,000 shares in the first few davs, the proceeds all being used to buy demand sterling, similar to the use made of the proceeds of sales of Canadian Pacific on the exchange. That this stock found a good murkct and in spite of this supply was regarded as significant of a strong and broad underlying demand. General Asphalt moved up from HSVj to 120. Simms Petroleum was in good demand, advancing to 55. New York Shipbuilding was another strong feature, advancing from 44 to 47. Submarine Boat was traded in ut 1B to 16. Carib Syndicate sold at 45 to 46. Montgomery-Ward yielded from 38 to 38. Marconi sold at iiy, to 0. l.VDl'STKIALN . Wen Low Lam Am Marcon (Hi rS 4H British Am Chfm . . nV. n nu Brit Amer Tob coup ... 19 J8W Is Car Lleht 2 sJ ' General Asphalt . .. ,lltJ lis no Genera.! Motors 3- 31 $ Grata Oln preferred li li j Mercer Motors CO 3o nn -Montcnmery-Ward 3S'. 3S 3n Sftlel 600 100 200 WOO 100 100 300 8.100 8200 1300 200 1100 M0 200 1400 100 2500 300 2800 iOO 6000 900 MOO 200 3300 100 1300 1800 3400 11 000 31000 300 300 12O0 3690 4 100 100 290 100 7 600 6 1000 10 200 723(0 3.50 700 100 8 44"! 300 o 35100 i 100 S 100 100 200 200 6 300 7 100 10 POO 300 li 300 fi200 200 1900 16)0 100 1600 9100 300 300 200 Nor Am Paper . . . Perfection Tire . .. Radio Co Republic TI- Rub Stanwood Rubber 17V4 ITS Submarine Boat 1(1 13" Trlansle Film J V S 8tenm 4H 31! United Ret Candy 1 isil United Plct Prod m J51Z Van nanjte pref 21 'i Orpheura Circuit 33W 334 INDKFENDKNT OILS Allied Oil bpen disturbed only to the point of hesi- tatinc to increase their commitments until the ntmovphere shall have cleared. Hence the demand from shorts suttenng from nerves very nearly balances offer ings from longs who have listened to the advice to take their profits, if they have any, and await whatever opportunity there rauy be to get stocks back at lower prices. Todaj 's demand exceeded sup 1 dIv from the beginning. I- . . , - , , , . ..:"- I JLnc steels were somewnar. uacKwaru uen I by comparison with the remainder of A,nc,t.- ;;:;;;; the industrial list because of the L nitPd Arkansas Natural Gas. States Steel quarterly report, wmen was issued at the close of the market. The report was expected to disclose innit fercnt earnings because of the strike. Crucible was the only feature in that group which displayed bullish Initiative. Baldwin Locomotive did well also. The oils and motors were well bought and the list was generously sprinkled E'"' " .j.l i 1.1... 1 l-jtl...l :.. I Glllilttnd wun siroub Biirviajiy uuu luuiviuuui j- oimrock oil sues suca as irginia i.arounu iiirim cal, Ketail Cigar Stores, Stromberg Curbereter, American Linseed. Ameri can Woolen, New York Airbrake, Con tental Can, Worthington Pump and so on. ieon Slarr Meel Compunr 1st 6s, 1937 Public Hen lee Corporation of N. J, 1, 1022 .Erie Kleetrtc .Motor Company 8, 1941 jKflnitoifn TrHrtton rnmnnnv la R. toil 'ennajlvaiila Coal & Coke Company 6s! 1032 WMr yu, . unc 1 UIDPHny 0, 1942 lufeinnJu Urrtrie I omnanv a mt ..t .. v.... ..--.. ..-if.. ... .' !?r Indianapolis Northern Traction lis, 191" JftdlenapoUs Traction 4 Termlnjl S. 1933 f Samuel K. Phillips & Co. Members Philadelphia Stock Kxrhanre 607 CHESTNUT ST. geran: yhHad American Store lt preferred ,irm lea 1st preterred Kolb Ilakery preferred nttto KlHenlohr common Republic Ry, & 1Orolu, 'HENRY D. BOENNING & CO. 1 BTOCK EXCHANGE nUIUDDfll (Direct Private Telephone to New York I Members I'bllu. btock Kxcluuue Hell Pet Boone Oil Hoston Wyoming . f arlb Syn Cltls hervlce "B" Corden & Co 1 Dominion I Iluqueane 1 Elk Hasln Pet .... Knulneers Petrol . I Hsmeralda Oil ... 30V4 4R; 3, Philadelphia Stocks fSiockwell. Wilson & Linvill Certified Public Accountants Land Title Bldg.. Philadelphia Annual Meetings orrit'K or 1'hiuiki.piiia Till. st COMPANY Philadelphia January 1M l&Ln An Annual .Meellnc of tha Stockholders of via LompHnr win hp iiem m ineir oince on ttcday. February 10, 1920. at 12 o'clock ut, and on the same day an election will fceT held, between tho hours of 12 o'clock m sad 1 otipck p. in , mr Directors 10 servo 'IB me ensuins; year. 11 1.. ,iu-t i.iii pwrfiary 'ad 1 SrR- j?.l)TT!R, EGGS AND CHEESE Kew Yelk, Jan. ST BUTTER steady Re- pta. OOIl (Ut. ,rrnirTjr HiKiirr tnsn 1, 04ri uooc, creamery extras (H2 64o; creamery, firsts (83 to 01 score), laavici packing stock, current make. a. .... , . ... Unseiueu. jivcripiB, hjcmi cases Uiered. extra firsts. U07()c, firsts, statu, Peiinjjlvsnla and nearby bMry whites, firsts to extras. 7Sea 4. Pennsylvania and nearby hennery iraa, iowic, oo, o-aincrea crowns colors, firsts to extras. 070 72a irreouiar i-ctipin. iooj ooxei. miiM, nets, neiq specials. verace run. :t ujlc; Msta, 'w$..3fr""- Y ML 1, ' ' -JHk Hflhs 'saaTSSktf Hla-h 75 Alii Ins war ... 0 123 Alii Ins. 23 757 Am Strs. 411. 12 Am Gas. 5U SO Am Mill. F 25 B & S tc 60 148 Elec Str.130 1 Gt P Cem 5 18 do pf.. 10 250 Lk S Cor 20 20Lans M. 84 41 Leh Nov. 64 155 Leh Val. 43 30 Nor Nat Bk war. 34 .".71 Pa R It. 42 275 I'll Bank war ...151 57 Phlla Co. 41 220 do c'm pf XlYi :i28 Phil Klec 25 32.'i2 P It T tc 25 Vi 30 Ton Bel. 21, 155 Ton Min 2 485 U O I.. 541 Low Close Net chse. 6 23 40 w 51' 60 120 5 10 64 43 30 42 6 Vi 3 , 41ni 51 M, Vj 8.. no .. 130 Gurfev Cllllesole 3S'i Home Oil 44 Houston Oil 12S Hudson Oil 1H Int Petrol 70 Uvlncston 1H Merrltt Oil 21' MetroroUtan Pet 3'i Midwest Ref J6i No Am Oil 1H Omar Oil 7 Phillips Pet 87 Producer & Refiners 10 Red Rock li Salt Creek Prod Wi Pkelly Oil 12 Slmms Pet OJS Southern States Vt Spencer Pet ly Un Texas 1 Vulran Oil , White Oil Mt White Eacle -2' Woodburn 200 300 300 100 300 100 3200 1000 1800 36)0 , 8 0 1200 1000 COO 300 00 309 osoo 100 14100 100 100 33)0 700 50) 100 430 100 20 0 1100 100 400 SB 300 S 500 1500 2800 00 400 200 4000 400 2100 3000 200 100 700 00 200 400 100 200 1900 200 100 100 100 6100 1300 2500 7700 1900 2Jb 2300 300 Advance Rumelv 6 AJax Rubber 81 . . AiaeKa Juneau O M . . 2 . Allls-Chalmers 0 7 Allls-Chalmers pf ... 88 H 8 Am Agrlo Cham .... 93 8 Am Beet Sugar 83 yj 8 Am Bosch Magneto ..124H Am Can s$ 13 Am Car & Fdy 139H Am Cotton OH 0 80 Am Drug Syn I3yj Am Express otH . . Am Hldo & Leather.. 2d Am Hlds & Lcath pf..H8 Am Ice un Am Intemat Corp ...110 Am-La France Englno 14 Am Unseed ., 86 Am Unseed pf 99H Am Locomotive 100 14 Am Ship & Commerce. 3J Am Smelt & Ref .... C9H Am Smelt & Ref pf . . 99 Am Steel Foundries . . 40 Am Steel Fdrics pf . . 93 Am Sugar Ref 137?4 Am Sumatra Tob .... 93 M Am Tel & Tel 084 Am Tob Seo temp ctf s. 69 H Am Woolen 160H Am Woolen pf 10SH Am Writing Paper pf. 615 Am Zlna Lead & Sm.. 20 H Anaconda Copper .... 624 Ann Arbor 11 Ann Arbor pf 25 Asso Dry Goods 61 5 Asso Do Gds 2d pf . . . 75 Atch Top & Santa Fe. 84 Atl Gulf & W I S S...165 Auto Sales C tern ctfs. 17J4 Baldwin Locomotive. .110H Baltimore & Ohio .... 31 H Barrett 1294 Bethlehem Motors ... 30 yj Bethlehem Steel 03 Bethlehem Steel B ... 9Sy4 Bethlehem Stl 8 pf,.113y4 Booth Fisheries li Bklyn Rapid Transit.. ll'4 Bklyn R T ctfs of dep. OJi Brooklyn Union Gas.. SS Brown Shoo 100 Bums Bros 107 Butto & Superior Cop. 27J4 Caddo Central O & R. 23'A California Petroleum.. 41?4 California Petrol pf . . . 724 California Packing ... 8.1 H Calumet & Arizona... 65 Canadian Paclflo . . . .128 Central Leather 9354 Certaln-teed Prod .... 59 yi Cerro do Pasco Cop. . . 57? Chandler Motors ....137yi Chesapeake & Ohio ..54 Chicago Gt Western.. 8ft Chi Gt Western pf . . . 23 Chi & Northwestern.. 85 .. Chi MI1& St Paul 30H .. Chi Mil & St Paulpf.. 5XH 8 Chi Pneumatlo Tool . . 91 .. Chi Rock Isl& Pac ... 264 6 Chi R I & Pao 6 pf. , G0V4 . . Chile Copper 19 li 3 Chlno copper 38M . . Coca-Cola, 39 1 Col Graphophone .... 4 VI 3 Colorado Fuel & Iron. 43 4 Columb Gas & Elec... 64 'A 7 Consolidated Gas .... SIM . . Con Interstate Cal M. . 19H 3 Consolidated Textile . 30 H 7 Continental Can 83 1 Continental Candy . . , 13H 4 Com Products Ref,.. 80V4 7 Corn Products rw pf.l02 12 Crucible Steel 233 7 Crucible Steel pj .... 39V4 10 Cuban-Amer Sugar ..445 . . Cuba Can Sugar 2 7 Cuba Cane Sugar pf . . 844 . . Denver & Rio G pf . . . . 12 1 Dome Mines 12 3 Elk Horn Coal 2y4 . . Emerson-Brantlng ... 27 7 Emerson-Brantlng pf. 84 K. 5 End cott-Johnson ... 140 7 Endlcott-Johnson pi . .102 .. Erie 1254 8 Famous Players-L ... 83 U 3 Federal Mln & Sm pf. 32 .. Flsk Rubber 42ft 3 Freeport Texas 28 2 Gaston Wms & Wlc. 17 jj t 6 General Cigar 71y4 8 General Electric 168 J-4 12 General Motors 305 .. General Motorn pf . . . 83J4 6 General Motors deb... 81ft 6 Goodrich B P 70ft 7 Goodrich B F pf 974 ,. Gray & Davis 15 4 Gt Northern Ore ctfs. 38 ?4 7 GrcU Northern pf 78 ft .. Greene Cananca Cop. 36 . . Gulf States Steel .... SO 4 Uackell & Barker Car. 60 7 Illinois Central 89 6 Inspiration Con Cop ., 57ft . . Inlerboro Con Corp . . 4 Int Agrlcul Corp pf... 79 .. Inter Con Corj' l'f 12y4 6 Int Harvester 130 .. Int Mer Murine lift 6 Int Mer Marine pf ... 98ft .. International Nickel.. 2ft .. International Paper .. 85 ' .. Iron Products Corp .. 14 2 Jonei Bros Tea 20ft 4 Kelly-Spg Tiro 136 . . Kelsey Wheel 82 Hljh Jir . M 3 41ft 86 03 93 120 138ft 0 13 ft 97 ?4 26 117y5 4H 109 14 85 814 90 2 08 ft 99 45 ft 93 91 07 67 1534 105 64 194 am 11 25 614 73 83 101 17 117 31 V4 129ft 29 93 96 113 ft 11 14 ft 9ft 55 100 107 37 4 23 41 72 81ft 64 127 ft 03ft .65 56 1324 54 8 23 ft 85 36 51ft 94 28 ft COft 19 37 ft 37 ft 1 4t 63 80 ft 18 30 ft 88ft 12 85 102 ft 225 99 ft 445 50 81 12ft 12 25 27 81ft 140 102 12ft 82 31ft 41 27 17ft 71 168 ft 299 ft S2 NO ft 78ft 97 ft 45 38 78 36 79 ft 60 ft 89 fieft 4 79 12 ft 130 10 97 24 Ht 0 26 134 81 ft ft ft H 'ft 1ft ft ft lft lft 1 ft ft .a n Today Net Close Chre. 43 lft 81 2 ft 86- ft 93 ft 93ft 3ft 123 3ft M H 139ft .. 0 13 .. 07 1J4 26 - ft 8 44 .. 109ft- ft 14 85ft 99 09 ft 35 .. 68 .. 09 - 48- H 03 137 1 lft ft 98ft- H 69 lft 18 5 105 ft 66ft ft 11 25 81 165 17 117 31ft- 129 ft 30ft 93 98 113ft 14 14ft 9- 55 100 107 27 ft 23 41- 72 lft 85ft lft 64- ft 127 ft- ft 93ft ft 0ft 4 7 135 2 ! 8 23 85 36 51ft 94 -26ft-60ft 10ft 38 37- 4ft 3ft 41- ft Clft lft 811 18 ft 30 ft ft 88ft 1 12 - ft 86ft lft 102 ft lft 225 ft- 3ft 9Dft .. 4455 51ft ft Sft 12 ft 12 .. 25 37 84ft lft 140 10 12ft 82 32 12 27 -17ft-71 -168 ft 80ft 79 38 78 36 80 60 89 7 4 70 12ft 130 41 84 ft 1 20 136 3ft 822 DIv, Sales In t 800 3 100 1.25 2700 g 100 .. 100 .. 790 .. 700 3.J0 - 710 2 800 .. 100 7 8S0 4 800 .. 300 .. 100 ., aoo .. 300 .. 60S 16000 100 3l"h 37 86 10 17 36 7 10 3 7600 1.30 3300 4 200 400 100 100 20 300 1600 100 300 4000 IOO 1.50 800 .. - I lft ft ft ft 1500 00 400 100 100 100 100 100 600 100 4200 200 3100 200 100 100 6600 2100 200 1100 200 2500 1800 300 11800 100 800 300 100 100 700 2300 300 100 200 000 100 100 900 400 4 12300 6 11500 8.70 1000 200 1 1100 2200 6200 6300 1500 3000 200 400 400 4000 20400 IOO 800 400 700 2700 200 4500 800 100 200 1000 00 100 600 800 200 1000 23500 100 230 703 8 tOO 800 8500 400 COO 41000 400 000 700 1800 600 100 100 100 00 100 2300 200 11300 100 00 000 9700 6 6 20 8 4 7 7 3 io 1 8 io 4 4 10 Kennecott Copper . , Keystone Tire A Rub Lackawanna Steel . Lake Erlo & West.. Lake Erie & W pf . . , Lee Rubber & Tire .. Lehigh Valley 43 ft Loewe Co 31 Loft Corp 23ft Louisville & Kaslivllle.106 Mackay Cos pf 61ft Martin Parry 30 Maxwell Motor ". 30 Maxwell Mot otts .... 36 Maxwell Mot 1st pf. . . 60 ft Max Mot 1st pf ctfs. . CO May Dept Stores .... 12614 Mexican Petroleum ..202ft Miami Copper 24 Middle States Corp ... 46 Mldvale Steel A Ord.. 0ft Minn & St L new.... 13ft Missouri Paclflo 25 Missouri Paclflo pf . . . . 40 Montana Power 60 Mullins Body 48 National Acme 38 ft Nat Aniline St Chem.. 67ft Nat Anlllno & Ch pf.. 37 Nat Enam & Stamp.. 83ft National Lead 80ft Nevada Con Copper ,. 16ft New Or Tex & Mex . . 43 New York Air Brake .109 New York Central ... 69ft New York N H & H.. 26ft New York Ont & W. . 17ft North American 57 Northern Paclflo 78ft Nova Scotia S & C ... 73 ft Niagara Power pf.... 104ft Ohio Cities Gas 48 Ontario Silver Mln... Oft Okla Prod Ss Ref Oft OUa Elevator 137 Otis Steel 38 Paclflo Development ..74ft Pacific Gas & Eleo ... 7 Paclflo Tel & Tel .... 42 Pan-Amer Petrol & T. 95ft Fan-Amer (B) 93ft Parish & Bingham ... 43 Pennsylvania R R , . . , 43 ft Penn Seaboard Steel . . 33 Peoples Gas Chicago.. 41 Peru Marquette 29 ft Philadelphia Co 41 PIoroe-Arrow Motor ., 71 Fierce Oil 19 Plerco Oil pf 95 Pittsburgh Coal of Pa 63 Pressed Steel Cor .... SO Pub Serv Corp N J... 07ft Pullman 1.6 Funta Alegre Sugar .. 91 Railway Steel Spnnu.. 09 Rwy Steel Spring pf.,105 Ray Consolidated Cop. 21ft Reading ' 75ft Reading 1st pf 34 Remington Typewrit.. 88 Ileplogle Steel 40 ft Repub Motor Truck . . 53 Republic Iron & Steel. 115 Royal Dutch N Y ....110 St L San Francisco.. 18 St Joseph Lead 13 Savage Arms 75 ft Saxou Motor 10 ft Shell Trana Trading .. 80 Sinclair Oil rts 41 Sloss Sheff S & I .... 81 Southern Paclflo 100 ft South P R Sugar ....215 Southern Railway .... 31ft Standard Milling ....142 Stromberg Cnrb 79 ft Studebaker 106 Studcbaker pf 101ft Stutz Motor 130ft Superior Steel 40 Tenn Cop & Chem ... 13 Texas Co 204ft Texas & Paclflo 37 Transcontinental Oil . 87 Tobacco Products .... 91ft Twin City R T 35 Underwood Typewrit. 175 Union Oil 34ft Union Paclflo 122 Union Paclflo pf 67 United Alloy Steel ... 49 United Fruit 198ft Un Ry Investment ... 12ft Un Ry Invest pf 29 United Retail Stores.. 90ft U S C I P i! Fdy .... 23ft U S Express 30ft U S Food Products .. 69 U S Ind Alcohol 110 U S Realty & Imp.. 53 U S Rubber 128 U S Rubber lbt pf ...114 U S Smelt & Ref 71 U S Steel 106 U S Steel pf 115ft Utah Copper 76 Vanadium Corp 48 Va-Carollna Chem ... 68 Wabash 8 Western Maryland ... 11 Western Paclflo 24 Western Union Tel ... 87 Westlnghouse E & M. 53 ft Low 30 36 ft 85 ft 10 17 35 43 30 ft 23 106 61 29 30 30 60 0 124 199 34 45 49 13 ft 23 40 66 48 38 ft 66 ft 87 83 84 ft 16 ft 40 108ft 68 ft 28ft 17 ft 87 78ft 73 ft 104 ft 47 9ft Oft 136 37 74ft 87 43 04 01ft 43 ft 43 33 40 20 40 69ft 19 ft 94 ft 62 Wheeling & L Eric... 11 White Motor 62 Wilson A Co 75 Willys-Overland 29ft Willys-Overland pf . . . 89 Wilconsln Central .... 30 Woolworth F W 120 Worthington Pump ..95ft 07ft 115 89 ft 99 ft 105 21ft 74 34 88 45 ft 53 111ft 109 ft 18 ft 15 72 ft 19 S5 43ft 80 100 ft 211 21ft 140 70 103 101ft 127 49 11 202 30 26 ft 90 ft 35 175 31 121 67 40 ISO 13 ft 2Sft 8S 23 ft 311ft 60 ft 108 53 120 ft 113 70 105 115 75 17 67 ft 8 11 24 87 53 11 61 75 38 83 30 126 02ft Today" Net Close Chs. 36 tft 85ft .. 101 17 33 lft 43- ft 31 23 106 .64 29 30 50- 1 126ft lft 300ft ft 24 46 ft 35 40 601 48 S8ft ft 6ft lft 87 1 83ft 85ft Wft , 40 108 ft 69ft 36 ft 17 ft 57 78 ft 73ft 104ft 48 9ft 0ft 137 3 38 74ft lft 87- ft 43 05 - 01ft lft 43 ft 42ft .. 33 40ft 23 41 70 19ft 95 63 -09 6ft- ft lft ft 1 "x " LOCAL PRICES SHADE OFF ON VERY SMALL DEALINGS, Continued Moderate Selling of Philadelphia Rapid Transit Bank Credit Situation -Improving ' H04, or $11.75 under vesterdne'. R 1 sale, and nearly $34 under th ?.LB fi? ocored last week. It was P pric $10.75 above tho Initial prf"' anfeV above the low water mark a 22'25 . American Stores was the fcaii,,. . over the preceding yfcnr. p fit In Philadelphia Electric Tv 0 perior, United Gas ImproVemen, ?u; Pennsylvania Railroad 1 "wis a If."1 of on either side. About ,?"." feature of note in boud deaC . the advance of 8 per cent In the ruble Service of New Jersey Ds nAii" to the Liberty Bonds wc?e. muehSe' The credit situation caiS ff te iSfl siderablo discussion at the week y T, mating of most of the larger hu tutlons today. Never, perhatw n?. in the histor of tho incpi i.".8!.' J ?tt(n rwufc has such a close study btcn gn to the matter bank credits than is Rj!" given today by the dhrctow of S 1 1 ift no 1 00 09 .. 105 ft 21ft .. 75ft- ft 34 88 46ft 3 5 - ft 115ft ft 109ft- ft 18 .. 15 ft 71 3ft 19 ft 86ft ft 43- ft 801 100 315 15 21ft- ft 140 - lft 73 2 104 ft ft 101ft- ft 130 ft 2ft 49 11 .. 203 ft ft 36- ft 27 ft 91ft ft 35 175 5 34 121- ft 07 , 43 198ft 3 12ft .. 28ft- 89 1 23ft ft 30 ft 03 ft 109 3 ft 127 113- 71ft 100 ft 115ft- 76 48 A general lower range of prices was established In tho local market on u comparatively small volumo of dealings. The yielding tendency of the greater part of the list stood nut- In VmiH .nn. trast with tha pronounced strength of u ... w iorl' marKCt. xne price shading was not because of any hp. preciable increase in volume of selling, but in most cases was the result 01 sneer incrtja. -Renewed liquidation appeared in Philadelphia Rapid Transit, depressing the price to n new low for the move ment at 24, from which' it subsc quently rallied to 24. No definite explanation was offered for the free offering of the stock In tho last forty eight hours. Tho effort to place tho responsibility either on the decision of tho Mayor to retain Director Twining at the head of tho Rapid Transit De partment, pr on the report of the valu ation to bo made by the Public Service Commission was ostensibly more in the nature of an excuse than a cnusc. The real motive possibly will be disclosed later. The extreme narrowness of the cur rent dealings Was tvnlfinrl In- ho tin. usually widd price lluctuatlLns in what could be called inactive issues, althdugh tuu Bwac ruic applied to Heretofore popular favorites. Alliance Insurance on limited dealings receded $2 to V3. American Gas lost Koni small mid int. and a single transaction in Electric Storage Battery was mndr nt rWlln of $1.50 to 129, although $1 of the loss was subsequently restored. , , It was in the Philadelphia National Bank warrants the widest decline oc curred. In the withdrawal of the recent buying orders the price TJroppcd back to 1 iuHitutiour, The position of .1 1.1"1!! of inanagirs.of most of the baukiw l Mltutlons these day 1, auytlilag ,"; 1 "llieciirt, "K " It was the general testimony of ... officials of the larger downtown tart? that tho situation is rapidlv beinr stored to what could h li Ji .P "' comfortable position. There Is" hZ? ever, uiey stated, no indication of immediate material casing of ma,l market conditions. The readjust of loans is progressing satisfactorily and in most cases whorevm. n 1. "'? reH;iPnInaU8ibC rCDCWalS "C 'W't TRADING FEATURELESS ON COTTON EXCHANGE Fairly Heavy Exports and Soil Conditions in Southwest Restrict Pressure BUSINESS IN CORN PIT 15 ON SMALL SCALE Leadership Continues Lacking' and Change in Prices Unimportant New York, Jan. 27. The early afternoon trading on the cotton ex change was almost entirely local in chnracter and without feature. Fairly heavy exports and unfavorable reports from the southwest, regarding sou conditions for the new crop pre parations, tended to restrict pressure, The continuance of wire trouble was reflected in an unusually small com mission house trade. Tho recelnt nf cotton ut tho norts for tie day are estimated at 40,000 bales, against 34.420" bales last week and 17,531 bnles last year. Test. Today's 11:00 1:30 2--10 close oprn a, rn. p. m. p. m. March .. .10.1B 3H.80 35,07 flfl.on art.03 May .... 34.24 38.97 34.08 34.14 .... July .... 32.SH S2.12 3'.'.10 32.18 32.22 Oct, ... 20.83 20,70 32.22 Dec 2n,3.'i 20.23 "ft ft lft "ft Charters Filed Dover, Del., .Ton. 27. Charters filed here toilav were: Premier Petroleum Corporation of America. $3,500,000, to henrch and prospect for oil, etc. ; J. A. Price, J. T. Franks, Joe Burns, all of Okmulgee, Oklahomn. Incorpor ator". Pittsburgh Western Copper Co,, L., $1,000,000, mining, T. L. Croteau, C. II. Blaske. C. L. Himllngcr, lootl Wilmington, Del., incorporators. El dott Oil Corporation, $1,000,000. to produce transport and market oil and its products; Theodore L. Ernst, L. S. I)umrnil, J. Median, New lnrk. in Chicago, Jan. 27. Leadership con tinucd Incklng in the corn pit todiy nnd trade remained on a small tcnle, with changes in prices unimportant. Some covering by shorts and a little buying for u rally brought about in improvement after prices had receded early under selling by n commission house that has been advocating the bear side for some time. There was pres sure against the lato months became" of a setback in hogs and the unfavor able position of foreign exchunge. Part of the demand was inttuencsd by the possibility of favorable action in the near future on the proposal In Congress to set aside $150,000,000 for food relief in Europe. Sentiment alia wits helped by a better tone to cash wheat. Dealings in oats were without much feature and alterations in prices were slight. The market eased earlv under pressure from local and eastern' houses. Later, eastern longs furnished Mipport and forced some covering by bliorts. Exporters refused to offer oats for prompt loading, owing to difficulty in getting the grain tft the seaboard on account of railroad troubles. 68 2ft 8 11 24 87 53ft II 61ft 75 -29 89 30 126 93ft EXCHANGE MAKES TICKET NEW Y0RK coffee market New York, Jan. 27. Trading in ,.,,,,, ,, . . coffee futures was quiet at the end of William D. Grange Heads Officers th( iirSlt ij0ur with ,)riccs holding close Votad for on March 1 to Initial figures. The committee ou election of the The innuncr in which the Brazilhiu Philndelnhia Stock Exchauco ndvlso I "verument is Keeping M-cret me uum , MIMNO - ' . 19 .. 20 84 U 04 ?J 43 30 -4214- Alaska Br Col . . . . Am Hona .Atlanta 14 'Belcher Divide .... 1 iteicner uiviq ifc (ICIll'Cl 4riv'vv -. - ..... HI Ledxa J? 140 140 11 "4 ) -n . . 25M . . 25 !. 2H 35 25 21-S, 2U 2 54 'A 54 Total Bales, 7.140 shares, compared with 4SRT shares yesterday. Thus far this week. 11 027 fchares. Same period last ueek, 11 127. thares. 07 07 07.. Sules In BONDS $1(100 HU-h Low 2 -l-.il it v 'is 1043 ..., 1 Mkt St El 4s 70 70 70 . . 2 Lib Bonds 4tb 4y4s. 01.2(1 01.20 01.2tl.12 (i Vie 4jV. 08.38 08.38 08.38 .12 3 Nat Prop 4-(is 30 30 30 .. 1 Pa gen 5s.. 1)0 00 00 1 Phila Elec 1st 5s ... 00 00 00.. 2 Pub Serv 5s (SO 00 GO 8 1 Span-Araer I 0s j. . . .100 100 100. . Booth Eloston t Mont Caled Mlrt Canada Copper Candetarla M Cons VtriinU frssnn Oold Crescent McNamara. Divide Ext Eureka Croesus . . . . 4ft Mining Golden Gate Kip .... Oold Cons Oold Kewana Gold Merger Gold Sliver Tick .... Gold Zone ' Great Bend Hecla Mlnlnr Jumbo Extension . . Knox Divide lioulsiana Co McNamara ...... Marsh Mln Mother lde BVi ue already tlone nnd tlie mail) uu certuiutics nt to the government's fu ture moves tend to discourage opera tions ou the exchunge. The Brazilian Government is reported to be offering 250,000 bags, to average 4's and 5'.s, at 23 ceutt., American cred its, for Pebruary-April shipment. Local importers say that linn offers from Brazil are too liigli and way out of all reasoning, but ut the snine time business is reported done ut the prices. The local spot market was reported quiet and nominally unchanged. Yts. Close Ooen 11 a m Marcn id.d.v) May 1B.82W83 July 1.0002 September 18.70070 Bid. DIVIDENDS DECLARED .Standard Oil Co of Kansas, quarterly 13 payauie siarcn is to anA iiKtial extra S3. tlnrfa nf record February 23. ....... ..... -i-r ,. Ner Murray Mog Jfl Close chce i Vevada Ophlr 3S 2Un By Iuv 5s 74 74 74 Bonds. S21JDO0, r. rnua Jams wrlod last week, camDirad ....- ' rmi ' -. -I... csirruajr, . inua lar tni WH ii.'T.eoo, VI ith in.ooo ik, 182.000. Rex Cons rtw heater Mines Hope Oroup San Toy Success Mln ..., Tonopah Belmont Tonop Cash Boy Tonopah Divide .....'... Tonopah Ext Tono-Jlin B Tonopah Midway Tonopah Montana Tonopah Ittrcuo Kula . . . . U a Cont Victory White. Caps ... ... Whlta Caps Ext . . Band BOXDH Allied rack Ss . A T T Ss of '24 . Helirian Govt 6a of '23 Itusslan Govt 6Hs .. Itusslan aovt BHs Swedish Govt (Is Swiss Govt CHs ... .... U1M-, io& M .fit the following nominations for officers and members of the goeruing commit tee to be voted for at the annual elec tion of the Stock Exchange, to be held on Monday. March 1. For president. William D. Grange; for Secretary nnd treasurer. Horace II. Lee; for chairman, Samuel T. David son; for vice chairman, Henry K. Aucker, Jnmps T. Lazarus. For membership of governing com mittee: Frauk 11. Bachmnu, Charles H. Bean, Frederick T. Chandler. Jr., William M. KlkitiR. 1'enneii r. Kirk bride, M. F. Middleton. Jr., Cusliftian New-hall. Clyde L. Paul. Frederick P. Ristine, John W. Sparks, Albert K. Turner. William D, Grange, who is nomi nated to bucceed Charles II. Bean as president, has served in this office be fore, including the fours years 1014 to March, 1018. Mr. Grunge is a member of the. firm of De Haven & Townsend. Mr. Lee has been prevailed upon to reconsider his previously announced de termination to resign and has permitted I cent onnrefer.-ed. payable J his name to be used again ah candidate 0,Ar,n?ri?nlwVVna Lea for secretary-treasurer. Joseph II. Straub declined the nomi nation of chairman and in his stead is nominated Samuel T, Davidson, former vice chairman. Mhere are two nomi nations for vice chairman: Henry E. Anckcr nnd James T. Lazarus. For membership on the governing committee there are eleven nominations, and eight are to be elected. MONEY-LENDING RATES NEW YORK Money on call opened today at 8 per cent for lending nnd re newing. The market for time money was evpn firmer In tone than yesterday. A few hundred thousand dollars was traded in for sixty and ninety days at 8 and 8 per ?ent. Tho market for prime bank accept ance was quiet at unchanged quotations. PHILADELPHIA Call, 6 per cent time, 6 per cent; commercial paper, three to six months, 0 per cent. LONDON Money is quoted at 3 per cent. Discount rates, short bills, 5 per ccut; three nmntbu bill., 5, IB.S4 10 4 15.K.-. J 5 M IS 03 H 03 1.1.80 1.1 80 lecett & Myers Tobacco Co.. quarterly 3 per cent common, payable March 1 in stiick of record February 16, uenerai Aspnau to. uurieriy ivi pr .Marcn i to stock American Hide and Leather Co.. quar terly 11 per cent on preferred, payable, April 1 to stock of record March 13. Qlrard National Bank, quarterly n pr cent, payable February 2 to stockholders of record January 27. Twin Cltr Rapid Transit, annual 12 f.n on common, payable February 20 to stc-k of record February 9. Trade Quiet on Paris Bourse Paris, Jan. 27. Trading was quiet on the Bourse today. Three per cent rentes were quoted at 50 francs 70 cen times; exchuuge on London, 40 francs 21 centimes; 5 per cent loan, 88 francs 05 centimes. The dollar was quoted ut 12 francs 80 centimes, New York Metal 'Market Now York, Jan 27 Copper All monthn. offered invjc Market quiet. Lead All months, 8.Bf)c bid. Market steady Hne. ter. East Ht. Louis, spot, January, Feb ruary and March. 9.U7V4 0,1714c April and May, 9.0Mi9.10c. MARKS WORTH ONE CENT German Coin Drops to Low Level of All Time New York, Jan. 27. The extreme weakness of tho foreign exchange mar ket In the early dealings today caused considerable confusion and there were unusually large differences between quotations. Quotations were: Demand sterling 3.57. cables 3.58; francs cables 12.70, checks 12.72: lire cables 14.80. checks 14.82: Swiss cables 5.42, checks 5.44 ; guilder cables ;sh. cuecks ami : pesetas cab es 18. 10. checks 18.80; Stockholm cables 20.15, cnecks -m: mrisMttnia cunies IB, HO, checks 18.15: Copenhagen cables 10.00, checks 10.45; Belgian cables 12.03, checks 12.05: marks 1.0. Around midday the Allied exchanges made new low records while marks re covered slightly. Sterling was quoted as low as .s,im-fe lor demand and 3, (17 for cnbles. -Prunes broke further from 12.82 for cables and 12.84 for checks. Lire were quoted at 14,85 for cables and 14.87 for checks. Belgian broke still further to 13.13 for cables and 13.15 for checks. LONDON METAL MARKET New York, Jan. 27. Cable adveel received st the New Tork Metal Exchange this morii ln quoted prices In London as follows! Tin Srwt 380 10s. un advance of 6si futures. SM 1.1s. unchanged, nd straits, f.la.l, off ir, Hales Hpot. SO tons: futures. 020 tons f.tnnrtarrt copper Hpot. 1 10 IS. a caln nf M 17s d: futures, 1121 R., an upturn of fl in. Hairs Boot none; futures, ajoo tons l-.lectrolytlc copper Spot, 1123: futures TlIM, hoth up 10s. Lead Spot t4 II).' and futures 47 As, a iraln of Ss for both' Spelter-Hpot 0!.. an advance of 10s; fu turea, 0 10s, unchanited. ' corporators, Porto Towing and Export May Co., ifl .'.""'. to uiiiiu nnu opeiate - jtork mints, etc. rrnnKiin i. .uemer. .u. r.. Mettlrr. L. V. Mettler, local Wilming ton, Del., incorporators. Liverpool Cotton Liverpool, Jan. 27. Spot cotton was ; quiet touay wun prices easy on me bnsis of n decline of 18 points for mid dling at 27.38(1. Tho sales were 4000 bnles. The receipts were 28,000 bales, Including 13,100 bales Americnn. Fu tures were quiet in the early deal ings. Spot prices were: Americun. mid dling fair. 32.88d: good middling, 20.G3d; fully midding. 2S.03d: mid tiling, 27.38(1: low middling, 24.83d; good ordinary, 21.88(1, nnd ordinary, 20S8d. CHICAGO BUTTER AND EGGS Chimin. Jnn. 27. BUTTER lower. Cream cry. BflSpSlVjc. EGGS lower. Receipts, 47(11 cjdlscs. Firsts, 61W (t 2e: ordinary firsts, 50059c: at mark, cases Included. r8(Uc. Leading- futures raneed sji follows: Corn (new delivery) Open Hleh rjwv r-Tn.A " i,fi l.-n a, 44V Maw 1 K 1 1K17 , .7, July UHtS TmU CI0M .... 1.44S4 1.404 1.44V4 1.4.1 1.15 .... 1 3.1 1.35J 1.34S 1.3.114 1.3JH ... 1.32V4 l,32i 1.3174 1.32H ... R2 7BH Jan. May ..,,30.30 Lard May ....24.10 July ..,.24,30 Bibs M.iy ....20.00 July . . ..2(l.oo 'mil. T Asked. S3 S3K 70S 7B 83 H 75 3 .10.30 30.2! .10.50 "30.30 t39.2? 30.32 24 1.1 24.4,1 20.67 Jl.O.') 23.D.1 t24.00 21,30 t24.35 20. SO 20,fiO 20.00 121.90 23.4 24.58 10.80 20. 8T LONDON STOCK MARKET Oil Specialties Buoyant Home Rail Harder Industrials Active London,, Jan. 27, Oil specialtlfs were buoyant on the stock exchnnre today. Shell Transport moving up to 13 11-10 on rumors of an extra (listribu tiou. Home rails were harder on dividend declarations and there was quiet buying of Grand Trunks. Industrials wero active and strong nnd the markets generally were cheer ful . GOVERNMENT BOND8 Panama cou 2". 183 l'anama ree 2s, 13(1 Panama cou 2s, ln'18 Panama ree 2s, 11(88 , Panama cou Ss, 1P61 Panama res 3s. 11)01 Philippine 4s, 1014 . . Philippine 4s 1931 Philippine 4s, lliSI ... V H Govt cou 2s IPSO U H Govt rrr 2s, 198(1 , 11 H Govt cou 4. 102.1 If H Oovt res; 4, IMS D of Columbia 3-63s, Bid . loo . 100 ..100 ..IOO . . ss . . 88 . . I0 . . SO HO Asked lot 101 10 101 no no n.i ns no 1924 .loo 101 . .1()0 mi . .lOMi 10H 10J 10014 B7 United Cigar Pays 8toek Dividend New York. Jau. 27. The United Cigar Stores Co, declared a stock divl. dend of 10 per cent on the common itiuca, jiByauiv. iprii x a bioc oi record iiiui is.zon.nn.i March 15 Chicago. jn3,12".O20 BANK CLEARING8 flank clearings today, compared with cor nnnlnv Haw It,. .u ....... v 1020 flin .At 70.n45,W2 l.12S,BS0 147.979 1M on2.4S4.OOS T0I.4?s.an'i iJS.il'ii. responding day last two years: Phlla ..S70.H4.1. N. Tork,0n2.4S4,0.a 702.4?!l,002 S28,'54:44S noton .. nSMn.nSB RS.T7S,2.1 io Sao OnS U. S. Liberty Bonds All Issues Bought and Sold $50$ 1 00 $500 $ 1 000 Graham, Parsons 5cCo. 435 CHESTNUT STREET Philadelphia 12.001,037 87,1 AO 707 20,307,632 t.i.. Normally $1,000 Will Buy 5,180 Francs Now $1,000 Will Buy Over 10,000 Francs The frunc is now selling in tins country ut a pronounced discount, beintr worth less than half its pre-war vulue, an American dollur today bqinK equal to over eleven francs in steud of five, normally. This situation uiTords an unusual opportunity for profitable investment in the French "Victory 5s and the French 47 Rentes of 1917, which, quoted in francs, can be purchased at prices that not only yield a good interest return, but promise a distinct profit on principal with the stabilirinc of exchange. For further particulars send for circular No. E-59. SMNDLER&60MPANY, Franklin Bank Building, Philadelphia NEW YORK BOSTON BALTIMORE ' NEW HAVEN 1p ..,!' ..- ..'
Significant historical Pennsylvania newspapers