v:;-
ar
l' J.i
W- 7 T V
"-" -- i
' ,. j . "
wrta l ' n
EVENING HJBlXd LEDalmilJAtD&WlA; THUID AYV - JANtTA$Y : 29, 1920.
18
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIOM
.,
,K
I
a
f
ill? 8
a
Have
You
Considered
d Mortgage
on your plant, fac
tory or warehouse in
connection with the
problem confronting
you? To manufac
turers seeking addi
tional capital, our
Business Trading
Department is pre
pared to render an
unusually valuable
service. Our organic
zation will furnish a
prompt investigation
of your particular
situation, with a
view to arranging a
satisfactory financial
plan with the least
possible delay.
Business Trading
Department
Elldns, Morris & Co.
In rat "a 'it lianktrs
Land Title Hide, l'hila.
PRICE MOVEMENT MIXED
IN DULL TRADER'S MARKET
Galling of Loans and the 14 Per Cent Call Rate Gave Bear
Croicd the Advantage
Service and Stability
Your Income Tax
Return
presents many puzzling
questions. If ou prepare
it yourself, you wish to
be sure you are right
before you go ahead. If
it is prepared by youi
accounting department,
or an expert, you, arf an
intelligent business man,
naturally wish to under
stand the questions that
arc involved, and their
proper solution.
In either cae we oiler
our assistance. We have
an especial staff of
trained assistants who
will gladly help yuu in
the actual preparation
of the Return; or if you
wish information on any
particular point, we have
all of the authorities at
hand, and our officers- will
gladly discuss the ques
tion with you.
VTc Have the Ulanks
Integrity
Trust Company
Fourth and lirruii Street's
. New orli, Jan. I!!). Today's mar
ket was n dull and featureless proles
I fctouol affair. The volume of business
jMiruuk to insignificant proportions, re
J uVrtinK in a measure the overpowering
influence of the money market condi
tions. Almost from the outset a dam
per was pnt ou speculative activity by
, the advance in the renewal rate of call
loans to 10 per ceut. which subsequent
ly wax raised to 14 per cent. There
could be only one interpretation, and
that was the unrelaxed determination of
i tlm powers-to-be to promptly arrest
j any effort looking to u broadening of
vpeeulativp activity.
I The -seemingly indifference manifest
, cd in the two preceding sessions to the
continued high money rates obviousl
I was more superficial thou real. It was
I evident, however, to close observers,
uuu leeiiniuiu. ruiuer mini uut-om.- ui
rliMons were the gocruing factors in
the supposedly rrerMil in the market
trend. In other words, when the more
urgent demands of the short interest
were supplied, the market was deprived
of its prinei'iiil buing power anil sup
port The truth of this was readily
confirmed in the mixed priced move
ment of today's sessiou. Yet the market
seemed to possess an undertone of con-
1 sideruble strength.
Comparatively little attention was
evideuth paid to outside developments.
1 This nt least was suggested in the semi
official statement from Washington that
no matter what Congress did or did not
do the railroads would be icturued to
their owners on March 1.- Vossibly on
of the reasons this ultimatum" wns passed
by was the fact that the bamc asser
tion was made by the administration last
December, when it became evident nec
essary legislation could not bo enacted in
time to turn the ronds over accord
ing to the program on the first of the
year.
Pressure ngainst oils was resumed
kooii after the first rally. Mexican
Petroleum, Uoyal Dutch, Sinclair and
Middle States displaying marked hcnvl
ness. The reaction also embraced vari
ous specialties, including Columbia
Graphophone, Famous Players and
Enilicott -Johnson.
Steels, coppers and food stocks parti
cipated moderately iu the setback with
low-priced rails.
Automobile shares pursued au inde
pendent sonrse, however, General Motors
rising briskly at noon.
This rally enrried Chandler, Stutz and
General Motors 3 to 7 points over yes
terdav's prices, steels nlso deriving sub
stantial benefit. Associated Drygoods
reacted on uews that dividend action
had been deferred, and the list developed
fresh reactionary tendencies, when call
money rose to 14 per cent.
Call loans duplicated the high rate
of the mouth at IS per cent in the final
hour, but the advance was without ma
terial effect, some of the motor shares
extended theirgains.
LITTLE INTEREST
SHOWN IN STOCKS
ISeiv York Curb
INDUSTRIALS
Acme Coal
Anna Explosives
Amor Candy
Amer Marconi ....
Amu! Tire Stores .
Amer Safety Kazor
Atlinllc Trait
Hritlsh-Amer Chem
Hlch
1.
10 ',
14;
3S
It
o :.. M rol..lirl r UnM I Hrlilnh-Amer Tobacco rec 1?'.
CJUSilun kul uaiiiumwu iu i ium Hrttlsn-Amer ToDac coup
Interest of Any Save Few
Floor Traders
PRICE MOVEMENTS MIXED
I Capital
Surplus Profit
$500,000
. ,$1 660 000
strait s.,lp tmJ.iv on the New
Ecliangc. iv compiled by tlic livening
hun, totaled 531. SOU shares.
New York. Jan. 'Jl. The Now York
Evening Sun's clo-ing financial review
today says :
liusiness on the stock exchange could
scarcely have been duller than it was
todu. The performance from begin
ning to end was little calculated to hold
the interot of any save the limited
number of floor traders who went
through the motions of keeping the mii
ihiiiery going.
l'rire movements were mixed within
a rather narrow range at the opening
,iud they soon developed a reactionary
t'-ndem-j as it became appuieut that the
ranks wen- railing in loans. Tlio call
iinm-v int nnewed at 10 per cent a,nd
h imd-d.iv had advanced to 14 per ceut.
.iu tin- slocu list was unui-r pressiue
ioi only a half hour or so nnu turn re
v nr xjifcui. ............
CW eland Auto
Delleer3 Mines
V'arrell Coal
General Asphalt
General MotorH
GoMwyn Pictures
lieneral Tractors
Grape OU
Lincoln Motor
Monteomery-Ward
North Am-r Paper....
' Orrheum Circuit
'iri Perfection Tiro
Hoot Vandervort
nejiuhlle Tlr? nubbcr
Submarine llo.it ... .
II s Steam
Untied Prrfit-sharlns .
t'nlted Picture Prod .
United Ret Candy . . .
U S llish &pved Tool.
13
-'j
4J
4.1
Low
14
fit,
ION
r.u
15
It
3-1
M
1P4
II) l
'-' 'j
I'J
Last
1
ION
IS.
i4';
sr,
!)
"0
2l,
42
NEW YORK STOCK EXCHANGE TRANSACTIONS I
. 1 1 ; h 1141, ii.-.
. au's
. 31 's
J1
l'i
fill
. 3D
31'
30
'JO '.
IN
r.i ,
34
33 :in
1.1 "t
3tm
IB
IS'i
3
til
:,
3.-i
3"Vi
304
33
1D.4 I
111
mi,
33
.STANDARD OILS
Standard OU X J...
Standard Oil N Y...
Vacuum Oil
701
434
435
739
131
433
739
l'14
435
win! in somewhat laborious fashion. 1 inter Petrol
lXDErEMJCXT OILS
Allied Oil 1,".
Allen l's
Alliance 14
Bell Pet 1
Boston Wjomlnff 14
i-lb ?yn 444
Continental neflnlnc 44
Cities Service "II" ctfs. 43
Coeden 4. Co 1'4
Tiominlon 234
Du'iueene 'Wt
K'k flKsin Pet H4
Knglneers Petrol IS
HsmeraliU Oil 4
l'ederal Oil 34
(illllland . ...
Olenroclt Oil
'luffev GillefePlO
Honi- Oil
Jloimton Oil . . .
tlud'on nil
14 14
IU 14
14 14
1A 1A
42 144
4 4'1
4.1 43
11 4
nn ..ol
"4 64
4 04
WORTHWHILE
INVESTMENTS
Our list or Se. urttU'-
represents a number
of conservative, high
earning investments.
For thl-? reason they
bear the closest
scrutiny. Avcr.iRe in
comes ranging f-oni 5
to 7H-
Atk for detailed list'. '
Investment Bankers
Members PI. la s j. u l.xh ings
Real Estate Trust Building
Philadelphia
At noon stocks were selling suu
Ntimtinuy above tne Wediu'-day closing
.oM'i ami there tln-j held in tlie absence
ot either demand or supply. The steel
n'l.mp was (inte coioness. The motors
,iiesented the only show of animation
on the lunstructiic tide, Ueneiai
.Motors. Chanuier. Mtttz and Studebaker
uoing pretty well most ot tne tune,
Pet
fKland Oil
Kav Co Gas
Livingston . .
Jlerrltt Oil .
Metropolitan
Mexico Ull
No Am Oil
O-nar OH
Ohio Hunter
Phllllrs Pet
Producer Sz Refiners
Hepuoiie Ull
'Hie oil shares were consistently i',Vt creek Prodi:
mcr- I sitciiv on
snot, Simmi Pet
fcpencer Pet
Stanton OU
Tex Chief
Texas Co w 1...
Texas Pacific . .
Tropical Oil ....
I'n Texas
Victoria Oil new
Vulcan OU
WhlU Oil
White Uacle ...,
Wii o & u
Western States .
Voodburn . . . . .
Wyoming Co'ns ..
$43,000
Gity of fMeesporl
C (Allcglicny ( o., Pfuna.i
434 Bonds
Iu t.erliil. lo.'J to 1039
Population about 55,000
I ei; ilitj iHired b
Messrs rnvnl I lllott Muuson
Tax Free in Pennsylvania
Exempt From Federal Income Tax
Prices to Net 4.40
Martin & Co.
141 ( Walnut St.
riillnileluliift
nnn i'n n stood out as u stron
wiu.e tne marines, the papers, urooh.in
rtapul 'lransit ana ome ot tne tobaecoi
! weii on tuc other side of the fence. The
rails were under pressure, if almost
complete neg.cct can be called the exer
cise of presstiic.
Virtually no attention was paid to
! news, developments. The street has be
come weanni to death with the ups and
.downs in the fortunes of the peare treat.v
eoutereuce nud ha"tdl less so with those
dealing with tin tuture of the railroads
'l'he White House and the railroad
administration alike were credited with
I the htatemeut that no matter wnal Con
gress did between now and March 1 in
the way of legislation, the roads would
be returned to their owners on that date,
according to pian. It will be recalled
that the same thing was asserted last
! December, only u few weeks before the
step was deterted and before it was con
clusive. 5 shown that railroad legislation
could not be enacted in time.
The market merely drifted iu the last
hour, sunn times above and sometimts
below th high lei el of the day. General
Motors was one of the few Ubtics whien
mutiuued to limb, gaining some 12
ioiut. It was in this period that 1
per cent was exuricu iui tuu uvwumi"
(lations, but the only effect was to cut
in. Miiuun of transactions still furthei ,
if that wen- pos-ibie.
Libem liojuli wire fairly steady, al
though the later offerings were under
souk slight pressure.
! OFFERINGS LIMITED
ON COTTON EXCHANGE s
...44
, . . 34
. .. 31
. . . 34
. . .1:0
... 14
... art,
::: Sfc
::: 15
. . . 34
. . . 34
. . . 44
::: 14
... S4
... !
1
... 4
. .. so
, .. 114
... D34
. . 14
4
. .. 3
. .. B2
:: Us
. . .
. .. 3fl
. L'24
.. 44
4S'.
34
31
14
Cs
414
34
3t
3
K'd
14
r.s4
44
4
&
14
34
404
114
514
14
U'..,
3J "
107
14
SI
34
"$
44
14
64
1)4
3-J
no
114
614
14
19
4 '
?!! '
loii I
i'O
'
-4 I
3.-,'- ,
MIXING
Alaska.Hr Col 1
Amer Ilond 14
Arizona Sliver 34
Atlanta. -4
nelcher Divide SS
Kelcher Dlvlda Ext 23
His ledEn 4
Iloston & Montana 3
Oaled Mines 33
f'andelarla Mln
Cons Vlrlnla 74
fresson ;old 24
Crescent McJJamara. 4
Divldo Ext i
K. Salvador 34
Eureka Creesus 14
l'orty-ntns Mlninc 14
Golden Qite. Kxp 14
Ooldrteld Cons 13
'ioldfiold Kewanas 24
rioldnM Merger a
Goldfield Sller Pick .... S
iold Zone 30
(treat Hend 3
llecla Mlnlnif 4U
Jumbo Uxt 7
LoutNlana Co 4
.KInley Uarra,-li 04
Mai Kamara 4"
Mar?h Mlninc 22
Mother Ixide. n
Murray JIok 7fi
National Tin 114
Nevada ODhlr 37
North Star
Onondasro 24
Hex Cc-ns O
P.and Mines . . .". 41
Hochester Mines la
Iter Group A
senega uopper li'i
ner June oi Arizona
ui-ress Mlnlnir
Tononah llelmont . .
I Tononah Cash Hoy
i Tonopah HI Ide
Tonopah Kxt
Strength in New Orleans Led to Tonopah .tim liut'ier
i Tonopah Midway . .
r....: r- Cn.iUafn n.Tiopah Montana
ouynig iui wuuiiisin
Account
New York. Jan. 20. The cotton mar
ket held steady in tone today with room
traders apparently expecting a cohering
ininoment to develop at any time.
This feeling tended to restrict lueal
olferings while the relative strength of
tin- New Orleans market led 1o buying
lor southern account in the local market.
Ton Rescue Euli
V S Cont
Unity Gold
t'nlted Eastern ..
V'etorv
West End Con . . .
White Caps .
W-lte Caps Est .
Wllb-rt
Terlncton
r.
o
2U
4
2rt
10
12
2it
10
R4
I
13
no vi)-
Allied Packers s
T T tl llf'4
Atlantlu Trutt 7s
lle'el.n s. 121 . .
I i-lKlan 0s. 1923
(' C C St ht y fls. . . .
j..... i..1.au nirriviil on the nbfipnee Husslan r,u
i'' ',"", - , " .-". , . uuian D's
Here's a Fortune
Wailing
JflST oui- it. ortuln ctn on the
I It K Mrtlatnl ill! i.l. in Is a
lumber aid h r ner 40 ear It
has enJoU a pruNpi roui bueliieew.
Tt'e t eseut nun.r hae cleaneij uti a
tidy fortune and w mts to retire and
p'ay with other interests tiarb
mainly real estat.. He ulll sell the
whole plant Ian. timidities, delivery,
equipment sto. 1; and unod-wlll a
thriving buslnes in luriler. coal
Unit, and sen ra! liulliMm; tnatorlals
Ivardwara unil auti Huppiies. Hood
cfjitlon.
Hftpldtr tfrowii4 section Iliiltdinis
boom just viwulns up Husliiess .an
bA doubled in 'r' Will ttmko n
otbr (ortuno (or Mil'
Writ to
U 631, Ledger Office
of new buying, but 'ninlmsued the fact
that holders were indifferent when bids
fell be'ow the forty-rent level.
lteceipt$ at the porta for the day were
Pinnated at 23.000 bales, against SO, .114
last week and 10,120 lat year.
Previous
dose Cpen IIIkIi lyiw Close
3.1 48 31! 30 311 HT 3II.3U 3'1 0.' . .
31 HO- 3 311 HI 7T 34.41 31 t)2H3
32 HO 32 60 32 74 32 41 32 Hlrt3
3K.07 30 00 30 05 20 60 29.0102
March
May
.luly
ULt .
Swiss Oot 54s
824
()4
l'"4
lift
fifl'i
"74
31
31
811 4
44
1
1-1
i
12'"
30
Gt
CO
76
114
3T
l-
5
404
19
H
174
!
bis
34
24
2!i
10
12
23
10
SVi
17
13
sis
34
S2
nu'i
117
11 4
fifl
20
so',
40
1
14
73
33
)
3'i
'S
.i
I"
30
4
i''
Sales
400
100
.100
11)00
100
.100
200
11700
100
00
.100
too
1C000
100
300
100
3100
100
100
00
3300
COO
800
400
100
1300
300
32)0
1310
200
3100
0210
200
.110
2C0O
ZOO
5290
100
1200
100
GOO
300
27i 0
700
IT 10
300
3 in
200
11
ZOO
100 0
300
200
400
400
loo
100
703
1290
.1 I
l.MII)
li I
200
100ft
2)0
17400
400
700
MO
410
200
310
290
200
fino
100
80
4000
200
10 I
(ill)
ton
400
2)0
10(1
1410
too
300
10S10
200
3G0U
20(1
200
100
100
too
3700
loo
131)0
1100
200
IDO
321)0
700
1700
loo
2100
4VO
900
28110
300
2000
2800
1300
100
100
101
13 I
200
300
100
2400
390
810
IOU
100
itll
sou
100
3400
000
100
200
1100
3:100
100
900
Div.
Ill
81
IK
3
50
Bi
0 AJax raibbor
Alaska Oold Mines .
. . Alaska Juneau O M
.. Allls-ChalmcrB ....
" Arn AbtIo 'Chem ..
0 Am Airrlo Chem nf
8 Am Bosch-'Masmeto ..120
Atn tan i7
I Am Canpf , 9914
13 Am Car A! Fdy 138
7 Am Car & Fdy pf . . .116
Am Cotton OU S1H
80 Am Drug Syn 11U
0 Am Express 97 U
.. Am Hldo & Leather., 23 H
7 Am Hldo &Leathpf.. 116 i
6 Am Internat Corp ...111U
1 Ani-La Franco Englrto 11
3 . Am Linseed 81 &
7 Am.lilnseed pf 90
6 Am Locomoltvo ..... o!
.. Am Ship & Commerce, 2514
4 Am Spielt & nef .... 08!
7 Am Smelt & Iter pf .. SJ4
8 Am Snuff 106H
3 Am Steel Foundries ..44
7 Am Steel Fdrles pf .. 93H
10 Am Sumatra Tob .... 02H
8 Am Tel & Tel 931
6 Am Tobacco pf new,. 97J4
5 Am Tob Seo temp ctfs, 0815
7 Am Woolen 15S
7 Am Woolen pf tOB'i
. Am Writing Paper pf. 50
4 Anaconda copper .... Cl?4
.. Ann. Arbor 10 Yz
.. Asso Dry Goods 03!i
6 Assoclated:Oil 118
I! Atch Top & Santa Fe. 83';
5 Atch Top & S F pf . . . 70
10 Atl Gulf & W 1 S S. . .1C3'
.. Auto Sales C tern ctfs. 17?4
3.50 Baldwin Locomotive. .117H
7 Baldwin Loco pf ...100
.. Baltimore & Ohio .... 31 4
4 Baltimore & Ohio pf.. 4yi
8 Barrett 128'
.. Batopllas Mining .... Hi
.. Bethlehem Motors ... 39
o Bethlehem Steel Otli
5 Bethlehem Steel B ... 90H
8 Bethlehem Stl 8 pf.. 114
. Booth Fisheries 13 i
.. Bklj-n Ilapld Transit.. Ill's
7 Brown Shoe 100
10 Burns Bros 10714
M Butlo Copper & Zinc. . QVa
Butto & Superior Cop. 26 H
G California Packlnt; ... 5?a
California Petroleum.. 11
10 Canadian Pacifta 127te
5 Central Leather 82
7 Central Leather pf ...106VS
1 Cerro do Pasco Cop... Art
4 Certaln-tecd Prod .... 55
Chandler Motors ....142Vi
1 Chesapeake & Ohio .. 64 Vx
7 Chi & Northwestern.. 81 Vz
Chi & Xorthwest pf. . .117'2
0 Chi Gt Western pf .. . 2-M4
.. Chi Mir&St Paul .... 36
Chi M11& St Paulpt.. 51 V4
High IQW
204
18 H
37'S
41Vt
38
53 !6
23
12&
10
7i)
30 ?4
Chi .Rock Isl & "Pac
Clilla Copper
Chlno copper
Clov Cln CM & St L.
Coca-Cola
Col Graphophone . . .
Colo St Southern . . .
Colorado Fuel & Iron. iO'A
Columb Gas & Elec. . . 3
Continental Can . . .
Continental Candy .
Con Interstate Cal M.
Consolidated Gas .
Consolidated Textile
Con Clear ,pf 82
Corn Products Kef... 86V4
Cruolblo Steel 226 Ji
Crucible Steel pt .... 9914
Cuba Can Sugar 51
Cuba Cane, Sugar pf . . 83-H
Del Lack & Western. .175
Denver & Hlo Grande. 7
Denver & Rio G pf . . . . 12 ?4
Enicrson-Brantlns . .
End cott-Johnson . . .
Endlcott-Johnson tr .
Krlo
Erie 1st pf
Erlo 2d pf
Ell; Horn Coal
Famous Players-L . .
Famous Play S pf.
Flak Rubber ii
Fisher Body 123
FTwport Texas 27 !4
Gaston Wins & Wis. . I"H
General Electric ... AM',i
General Motors 3tl
General Motors pf ... 81
I General Mutora deb
; Goodrich DP
I Goodr eh B F pf
Granby Consol M & S. 4S
Greene Cananea Cop. 36
1 Gt Northern Ora ctXs. 30
I Great Northern pf.... 78H
; Gulf Mobile & North . 29
Gulf States Steel . . 13'-
. Hackell & Barker Car. SSfi
Hupp llutor Car 1
r Illinois Central bSTs
i Inspiration Con Cop . 5tlJ4
i Int .tsrloul Corp pf . M
lnt Harvester 129'
r Int Hrfjv pf new ...11l',
Intel tioto Cun Coiii .. 4
, Inter Con Corp pf 13
. Int Mer Muritia 10
J lnt Mer Marino pf ... 87 14
. Intl Mot Truck 1st pf 81
I Intl Mot Truck 2d pf. 69 Va
. Intennttlonal Nickel.. 34 ii
. International Paper . . S V2
i International Salt 70 2
. Iron Products Corp .. 60 !4
Totnl sales. 010.100 shares compared with
332,003.
3
4
.
1
7
3
7
1
12
12
7
10
3
8
8
io
3
..
8
12
l8li
.102
. 1394
. 1914
14
1 2ft
. !
89 ft
.. Si
. 97
81
1?
3
. 0 li
91 H
94
120
,55
38V4
137
11514
51 H
13W
87 14
. Z?s
116H
110
14
81H
08 )fc
08 St
24 4
CS
08
106 S
44J4
93
'91
98 H
a7H
07
166U
10514
56
OHi
1014
384
118
83
79
1G0
17
11614
100
31
13
125)4
l'i
S4
OtSi
08
113
13RJ
t14
too
107 !4
26j
aV,'x
to'i
127! a
01 4
ion
55 H
55
136
5l!4
81
11714
2314
36
51
3594
18 u
30 J4
1114
)7?3
-50
23
II)
G2!2
88
12U
19
79
29
82
85 ?a
223
994
SO
3
171
7
13
37
135
103
I2i
l4
13 '4
79)4
SSij
13H
If.'.
3ll
17 H
100
2J
81
so (4
7714
96
48
36
3fi
774
39
17
5h;
1554
88
55''
si
1294
111
:4"a
13
38
14
81
69
3414
3J4
70 Yi
50
C7U.100
Today'd Net
Close Che?.
81 1.14
1 -
2 ,.
oii- 14
014 H
05 W
120 3U
35 .
0014 -f '
13714 14
110
61- tt
13 ..
07K-
, 244- 14
1164- 1)4
HO 1
11 "'A
81 ..
98)4 114
9014 Y
25)4- 14
68 - !4
9S - '
100 94
ll- u
03
93
-
- Ii
9794194"
03 ?
157 14
105)4 4
56
61)4 tt
10)4- V
50J4- 294
118 -
3 - 14
70
160)4 114
17 -
I6?4- 94
100 1
31- It
an- v
138)4- 94
1)4 ..
29 14
'01)4- "14
9H- 14
111 94"
1394- 14
13)4 ill
too lS
10715 15
9 .
26 li
as 10 )4 -137)4
93
100
55)4
-94
V4
1!4"
?
14
1
14
114
514
14
tt
VA
J4
14
14
H
112
51)4
81
117)4-33)s-30
51 !4
-
5f?8
23
40
f2)4 1)4
88- 14
2)4- ',
10 14
79 V.
29- 1)4
82 -
1594-
223)4- 1
MOMs ..
50)4
Div.
Sa,roo ,n
100 8
1800 2
500O 1.25
5
2
10
.20
4
100
'800
400
'600
100"
100
100
500
300
100
100
400
0200
30780
2200
300
200
200
1000
100 3
100 4
'700 3
400
100 7
100
100 7
jso
100 7
200
200 1.50
500 10
300 6
100 2.50
2000
100
.100
200
600
500
2100
300
'1200
400
100
100
6500
600
2700
2000
600
100
80U
10300
100
200
r.r.o
100
100
300,
. . "leh Low
Kcliy-spff Tiro i.iaft uoyi
Kelly-Spg T 8 pf...l01 101
Kennecott Copper .. 30?4 3094
Keystono Tiro & nub. . 37 ji 3594
Krcsffd B 3 150(4 160)4
Lackawanna Steel ... 8 J 81)4
Liggett & Myers rts.. 15)4 15
Loowo Co t.. 30)4 30)4
Loft Corp 33 23
Lorllla'rd P Tobacco ...170 170
Manhattan Elov Bua'n'-lt H
May Dent Stortiu'..-.lilB94 14)4
Mana'tl Sugur ,....,.128 l12794
Maxwell Motor 31 31 V4
Maxwell Mot CU3". ... 31 ' '31
Miami Coppor . ,..v. 1. Si .. 23
Today's Nt
Close Chgo.
136)4 94
83- )
V
14
3 V
174
7
1394
27
1. io
103
12-
19)4-
13)4- J4
25
Si
S8 14
12- 14
123. )4
20)4 )4
7ft-
lbC 3
314 13
81-1
so Yz - 9
78 '- J4
36 - Y
48-1
36
38J4 14
78 J4
29 1
77 - 3)4
58 V Y
15)4
8S 1
35 - 1)4
M 1
130)4- '4
114)4 ji
4 - ii
12 - J4
3tt 9
D6J4
69
211-2 . .
84)4- 1
70)4 14
50)4 Y
8
10
V2
Yz
200 8
3100 6
400 8
100 7
500 i
1000 I
100
16400 6
10100 S.10
100 1
5U0
300
600
4500
10O
250
6900
1770U
1310
4801)
Sl0
80O
500
23900
1600
200
400
1500
100
600
700
400
100
6201)
100
200U
40U
7o
200
200
M1U
23JO
J700
1000
310
571U
11UU
11UO
800
2510
iOO
100
2650O
800
1100
200
1100
2200
409
100
lltt)
200
100
100
200
1200
'200
00 O
100
20 uO
200
200
1100
200
shares yesterday. Thus
Mexican Petroleum ..IM1S1W
iuiauio states t-orp . .. j
Mldvala Steel A Ord.. 49J4
Mo Kan & Tex pt. . . . 13
Minn & St L new.... 13
Missouri Paclflo 2 14
Missouri Paclilo pf . . . . 40
Montana Power 05
MulllnsBody 17
National Acmo 38)4
Nat Aniline & Chem.. 65)4
National Biscuit pf..H5.' :
Nat Conduit & Cable. . 10
Nat.Enam & St pf.,.103
National Lead 83)4
National Lead pf ....108)4
Nat R R of Mex 2ti pf 5)4
Nevada Con Copper" . . 16)4
New Tork Air Brake .109
New Tork Central ... 60
New York Dock pf.... 65)4
New York N II & II.. 25 Ji
Norfolk & Wostcrn .; OSJi
Norfolk & Wes"t pf .. 8'4
North American 57
Northern Paclflo 78)4
Nova Scotia S &-C ... 7194
OklaProd & Ref 04
Owens Bottling Macli . 60
Ohio Cities Gas 47 J4
OUs Steel 37)4
Paclfio Gas & Kloo ... 50
Paclilo Mall 38
Pan-Amer Petrol & T. 9394
Pan-Amer (Bl 01)4
J Pennsylvania R R . . . . 12)4
. Peoples Gas Clncairo.. 40)4
. Pero Marquetto 29 14
S Pero Mara, prior pf . . 05
t Bhlladelphla Co 4094
. Plerco.Arrow Motor .. 70 J4
. Plerco Oil lli
8 Pierco Oil pf 01 J4
. Pittsburgh JiWVa ,38
J Pittsburgh Coal of P.i 61
7 Pittsburgh Steel pt . . 91
8 Pressed Steel Cur
8 Pullman i-R'z
5 Punta Aleuro Sugar . . 90
8 Railway Steel Spnnn.. 97)4
7 Rwy-Steel Spring pf.. 106)4
i Hay Consolidated Cup. 21
4 Reading1 75
. Reploelu Steel 45
6 Republic Iron & Steel. H6js
Royal Dutch NY ....109
St Joseph Lead 1594
St L San Francisco.. 18)4
St Ji Southwest pf ... 24
Savage Anna-. . ,., .-70
Saxon Motor 1894
Seaboard Air Lino pf. 1
Sears-Roebuck 338
Shell Trans Trading .. 89
S'ncUIr Consol Oil , .
Sloss Short S & I . . .
Southern Paclflo ....
Southern Railway . .
Southern Railway pf
Stromberg Carb . . .
Sludobalter
Stutz Motor
Superior Steel
Tcnn Cop & Chem .
Texas Co
Texas Co full pd ...
Texas & Paclflo
Tidewater Oil rU
Tobacco Products . . .
Tobacco Products pf.. 103)4
Tnuwout neiitai Oil . '
Twin City R T . . . .
Union Oil . ;.. .
Union Paclilo
Union Pacitlu pt . .
United Alloy Steel .
United Drug
Un Ry Invest pf . . .
United Retail Stores
IJ S C I P d Fdy . .
U S C I P & Fdy pf
U S Express
U S lud Aloohol
U S lnd Alcohol pt
U S Food Piuducte,
O S Realty it Imp.
O d Rubber 127)4
U S Rubbj 1st pf . . .114)4
U a Smelt & Ref 70)4
U a Steel 106
U S Steel pf ..116
Utah Copper
Utah Sco
Vanadium Corp . . . .
Va-Caroltua Chem . .
Va Iron Coal & Coke.
abash pf
Wiatern Maiyland ..
Wehtern Paclilo
Western 1'acino pf . .
Western Union Tel . .
Weslinghouso A Br. . .115
U'estlnyliuuae li Ar'M. 61(4
Wheeling & L Erid'. . . 1194
White Motor 01
Wilson & Co 71)4
Willys-Overland 29
Willys-Overland pf ... 89
Woolworth F W '...'.' .1294
Worthlnuton Pump .. 93)4
' Worth PUmp pt n 73
far this week. 2,537,100.
4
7
7
'i
6
I
7
10
c'
4394
.. 7)4
.. 0094
. 31)4
. 514
.. 78
..105
-.133)4
. . 44
.. "Ii.
..202
..195
, . 36
.. 20)4
00
.. 35
. 3394
..123)4
. . 67
.. 49)4
. .142
.. 28
. .
;; 52
.. 30
..107Ji
. 103
. . 7)i
62
70)4
10)4
18)'
73)4
87
22
10 94
23)4
10
87)4
39)4
49)4
1214
13
24)4
39)4
05
47.
38)4
65
115 ,
'10 -103
83)4
108)4
5'4-
16)4
108
69
55)4
35
95 J'8
68
67)4
78
71
0)4
60
17H
37)4
60
38
92)4
.-00.J4.
13)4
'30 Yz
28
05
10
0894
10)4
01
28
61
91
98
115
87)4
07)4
106)4
21
71)4
45
111
10 7 U
1594
18)4
21
76
184
14
227
tsVz
41 Ti
7794
09
21)4
54
;ojs
103 "
131
48)2
11
200)4
105
35);
19 2
90)4
10314
25)4
35
33)4
12194
66
49)4
113
37
87)4
2094
52)4
30
It! 0)2
10 .1
05)4
61
1394
114, Ml
70)4
105
I16J4
75
10
48)4
7)4
S4(
104
33)2
60
87)4
114)4
5354
11
61)4
74)4
23
88
131
2)4
73)4
10 Vt
39)4 ..
37J4 VA
150)4 W
,84-- 14
' '30$4-
, 23 , -t- A
170
44 - JJ4
126 1
128' 1 14
3li4' 'A
av -. .
29-:.?
108" rt
12)4- 114
40J4 14
13)4 14
13-14
24)4- 9
30)4- l
051
. 47 &
3S14- ..
ei - H
,S'-J '4
'to- J4-
102 - )4
83)4- 14
108)4-- 14"
514- s!4.
10J4 J4
100 !4
69 Vi
55)4" -54
35tt 94
05J4- 14,
68
67- 14
78)4 14
71- 14
9)4- it
(SO
7- T.
37)4 94
S0 - 54
38 1
03 - VA
01. ..
12)4 94
10 . )i
i8 14
63
4054 Ji
70)4 l
10)4 14
91-
-
61 14
Til 94.
ua 1
115 - 14
88 2
07)4- m
100)4 :
21)4- Ji
71J4- J4
45 - 1
111)4- 54
107 )i- 3)5
15 14
Ib!4
21-1
75
la'i
U - 1)4
328 3
H8 3
13 - 154
78 54- Yz
9954 !4
21)4 14
6)i- )4
77 - 1)4
105)4 ?4
133)4 3)4
iyz 'A
ti Ji .
20294 li
193 1
35 -
20)4 54
90)4 Vi
103)4-
-25- -14
35
33 Yz
12194- 1
07 14
49)4 ..
143 14
28)4 ..
S8 1
21J.5- 1
62)4- 3
30-54
10094- Hi
10.1 It,
1,7)4- 94
51 - 3)4
126)4- 1)4
"1)4 )4
7054 1
U6 54
11514 14
75-1
10
48)4 14
71 - 1)4
851
10 .
2:iJ4-
60
87J4
114 V
63)4-
11 .
1
74)4-
29
89
121
92-
;ii-
J4
1
14
'
Same period Jut week.
14
PHILADELPHIA STOCKS
T ow Close
tin
7i
11
37
0
404
19
ii I
B"l
211 .
11 '4
3t
2 I
2(1 1
10 I
12
25
1(1
H
13
3H
S2
Oli"!
07
jiU
0RH
h7i
2'l
20
69i
lli7Vs 127V3
,". 5
:ii
ti-'-s..
U' '.
CO ..
40 4- U
-li
lU'l
40H
2013 is
wu l
4I 'n
2S 28
:12:ti- V4
42'i..
Tr,Vi-- Vi
1.10 1&"i 7
Bar Silver Still Soaring
Ommerciul bar silver wns quoted in
the New York market today lit Jl.Iio'i
in ounif, up 'if. In lioudou the metal
touched another new IiIrIi reeoid nt Sid.
n advitnce ofVail.
New York Metal Market
M 'Vurk, Jan 29 Tlio followlne prices
n re qunteil ut tho Now York metal ex
chaneo today Copper apot. January anl
February.' ottered 1911c. March and April
.rtrA mUe. The market was nulet. Lead
All month 8Hfe8'c The market was
nulst. flpeltsr (Cast Ht. Louis) All months
Reserve Banks' Discount Rates
Ths first column gives rates for all
period? up to and including a fifteen
day maturity, the second for a period of
sixteen to ninety days. The thirtl and
fourth columns give the rates for dis
counts of collateral loans hecured by
government bonds or notea.
lloiton
New Tork
Philadelphia
Itlchtnnid
Cleveland
Atlanta
Chicago
tit I.OU1S
Minneapolis .
Kansas City
Dallas ,
in Francisco.,,.
Com'l naner CJovt paper
, 10 to 90 IS to 90
40 uays uas 10 nays as
fi
11
H
4'
6
44
s
S14 'iii
II 3V, llU
14 4 4i
Jt: ft 4
ii4 8 8
4'i 4t m
Hates on ouUtandlng certificates of
indebtcdoeca continue unchanged at 4?1
llicli
2(!4Allia Ins
war . . Ja '"
17 Am Strs. -12 U"
01 Am Oas. CPs r.l
2 Am II pt (10 W
nnrnmli Ir. 40 .'SO'
20 i;i Stor..l27J:
lOOtPtCm f
KM O X A illVi
dltOI.U S Cor 20 K
S7I.eh Xav. ft1r
n2T.eh Val.
10 Mid"i'e.
JI Xor Xnt
Hk war
CI IVnn On
Unlit.. 42, 123',
isssi'u n it. 42i2 -2i;
.1 ln Salt. 7.V , 7.1'i
201) I'll Hani;
war . . .10"
70 I'hiln Co
cum uf. !H
20.1 IMiil Hlec 2.1'i
l'J0 T It T t r 2.1
.10 tlteadinB
. 2d pf. .""
J 10 tTrans C
Oil ... 20
2.1 Ton Bel. 2Ts
50 tst It &
South.. 12 12 12 K
210 U O I. 64 Mfc 54U H
OUOVJ.185 1S.1 185 ..
100 tU H StUOlHi 100',, lOGVs V
10 fWillye-
Overlnd 20 20 20 ..
10 'Warw'k
I &,H. S9i &? & Yi
tNet chanrr msds bv comparison with last
-ale on New York Block Exchange.
Total sales. 4S! shares, compared with
.1408 shares yesterday. Thus far this week.
22,302. Same period last week, 1U,737.
Sale-In "PSUS, , N'f
1 lleth Stl Os.lW X10 110 ..
IS City 4s '40 07-li 07 Vj 07 '4
. 0 Iik Sup inc
5s ..'.... 58 5S .18 -I
2 Leu Val Cs. 100 100 100 1
1-20 Lib Bonds
2d 4its. 80.30 8D.30 80,301,70
13 2-5 Lib Bond
4tU 4'i 01.14 ill.14 01.14.88
'" I 'j Vie 4...
chse. - .7 r. -v-. ri
I U .l-.l .1IIL A UU
i-0s .... :to
' 1 I'a cen 4V..h 82
it Head gen 4s 80
23 I'u Iiy Inv
0s 73'1i
0S.14 0S.11 0S.14-
0 .
.1(5
..'!0
82
70:i
82
80
73?i 73-li s
i4r;
2.1.s
21
2.1V.
:it-;
2-1'i..
24-'h
3,1
2.1',
Total, SC'B 330, compared wllh J49.350 ves.
terday. Thut tar this week. VllD.OflO.- Same
period last eek, I2S8.40H,
RAILROAD EARNINGS
(.'ANADIAN PACIFIC
. ' 1010 Inc
December gross ... .117.02.1 833 Jl.a71.729
Net nfter expenses . I.Hni.Ktl 1.12n,f3.",
Twelve monttlk" BroHS.17fi,929.0.'i(l 10 391.330
Net after expenses . 32;833.033 l,i;80.353
BOSTON AND MAINK
December eross .. Jtt,4tl.1K" J70n,43S
Deficit after taxes . JOl.233 ! 2t0,27S
Net operat. deficit 1.102,13', 1.007.781
Telo inos urpss 72,53.(.H0 2.K72 IH7
Halance after taxes 4.1HH 031 87.1,033
Net operat Income .'1,108.717 1.435,700
PHll.AllEl.I'lltA AND HKADlNtl
)n i-mlier cross
r pros
aftr
Net oner, income,
Twelc tnos gross,
lialantf after taxes.
Nrt cner Income,
Decrease.
1(1,104 201
4117.1.11
2114. 27H
72.S71.M3
ll.Kfi.1 723
3,ok:i.:imi
Jl r,2.i.nn3
,141,tlUI
73 RLVi
7 MI7.741
n..i.ifc.4iu
3.701.100
MONEY-LENDING RATES
XKW YORK Money on cull opened
ut 10 per cent, high 18, low 10, closed
14(ftl,1, ruling rate 14 per cent.
The demand for time money is urgent
and bupplica arc only moderate. On
mixed loans for sixty and ninety davK,
7ta per cent is bid and no funds of
fercd. On industrials SV. per cent is bid.
for the (-nine period and a little money
is coming through.
Lneul institutions are not in the mur
kct for prime mercantile paper at cur
rent quotations. Some bankers quote
rates of OCgOVs per cent.
PHILADELPHIA Call, 0 per cent;
time, 0 per cent ; commercial paper,
three to six mouths, 0 per cent.
LOXDOX Money is ouotetl nt 3'.
per cent. Discount rates, short bills 4
per cent; three months bills 5 per
ctut. ,.
LOCAL TRADING CONTINUED
OF SAME SMALL DIMENSIONS
Dissolution of Rapid-Transit Co. Voting, Trust Is Without Am
..'. " Special Significance
The volume of dealings on tlio local
Oxchniltre rnnllnnml nP h enn,n ,v,ll
dimensions, nnd was likewise, except In
n few'scattcring instances, unproductive
of-csscntial change In prices. Tho trad'-
uk was qt iao familiar perfunctory
character which liat been witnessed for
spyeral weeks, lacking both initiative
and feature, of Interest.
'"VHli so iittlo change in money con
t.Itions, and with little prospect of any
muiciiai cunngc.iu.ine immediate fu
ture, Ir is-almost -imelefia n inni- tnn
any appreciable alteration in tho stock
market conditions. - Lending co'rnora-
tlons ore paying Trom 8M-U0 per cent
for bor,t-tcrra financing uccorampdn"
tions. SO thorn ta ItlHn r,;i. J.C .
great "extensions helnr mnil in ii,i
funds :fpr stock market purposes. '
..iirunWira can -money rates
arc quoted at the legal rate, of the.
state. liamplv'Xl nor nn,,t. it i.
tremcly doubtful, iiowever, that lnucn
money is being placed at that fignrc.-As
a matter of fact, most of ilm innnnhin
institutions h'avh little! tn nlnn ' t iv,' rehehlnir 4
.-.W jii'll.-. - -..-". !"- -" I.UU. rr"o
ju.uu umu ji is generally known existing cr,
. " umuijr retlUCUU, WUCn T0-
newal requests arc made.
With jnoney; practically cdmm'nnding
bctwcMi .8 and 0. per cent, it is both,
logical -and natnral that the' nverage
investment return of lending Issues
should be, as it is, on n 714 per cent
basis. Money jilways finds Us level nnd
money, rates govern the value basis' of
investment securities. Just nt the mo
ment. however, it is not so much n
question of rates as it is the ability to
obtain accommodations. No 'doubt Ih
''oth the stock market and' business' r.tr
dps- there Is a willingness to pay rates
which -111 normal times would teem
nrohibitivofif the goods were only forth
coming: About the only noteworthy feature
attending the limited trading during
the PSllnn rna t!m nn,tfi,n,l irHl.M
liilndclphiii Rapid Transit:. Tho price
irnitl Rlmrlnrl ,,,tr1n ? I...I- .....1 .
NEW YORK COFFEE MARKET
New York, .Inn. 20. After the call
in the coffee market, trading continued
dull and price changes unimportant.
The market continues to drag along
awaiting inotc definite news regarding
the government sales of coffee.
Some trnders have expressed the be
lief that prices may work lower until
March liquidation is over with, but the
volume of business is expected to be
light until general market conditions be
come more settled.
The local spot market this morning
was quiet and unchnnged.
Test.
Open Illith Low Close, close
1.1.72 13.74
. 16.6.1 13.67
13.57 l.Viltl
13 33 13 33 1S.&3 13.41 IS ra
1.1 31 13,31
, . 13 41 1,1,11
13. SB 13.03 1.1.32 13.:, I 1,1, .17
15.03 1.1.H8
...13.63 15.63 13.75 l.V7tl 13.80
1.M8H 15,80
...lfl.02 18.05 15.05 IB. 0(1 13.00
JO, 01 10,81
September
(Mober .
November
Hcenibir
January .
February
March
April .
JUy ,,
June ....
July ....
August
Bid.
4IMIIJ
. DIVIDENDS DECLARED"
American Water Works ajid Klectrlo Co .
lsfterly 1 per cent preferred, payablo,
Februurv IS. t0 stock of record January 31 '
j. nuc tt t. o , ousrterlv m rw.r n
on preferred, najaMu ilarcli 1. to stock of
reconl February 14. "
White Motor Co.. dividend of Jf a'-share.
payable JUrch 31 to stick- of record Starch
x-ennsrjvania uoai.unu v;0Ke wo , quarterly
payauj?- rpuruary ig io stook
w.r eenti
of record February G.
Ihlith Coa and Navltatlon jCo.,
tsrly 2 per cent payable February
stockholders of record January 31.
Philadelphia Warehouse 'Co.. asm
nuar
28 to
mlannnat
a. r-nnf. avA an .,.'!. .. -m...
.. ,, B,,u H. ,.il tn3, von, pay
able February 2 to stock of record Janu
ary 2.
West Penn Hallways Co., quarterly 1M
per cent on .preferred, payable March 10
to stock of record March 1.
Martin-Parry Corporation, quarterly CO
cents per share, pa ruble March I, .to stock
of record February IS , " , ,.
Standard Mlillnff Co.. quarterly 2 per cent
on comkion anfl IVi per ont on preferred,
both payablct February 28 to stock ot rec
ord .February" 18.
Continental Paper lUf Co., quarterly l!j
per tent on common and preferred, 'nay
able Tebruary IU to stoclc of -record Fob.
ruarV'0,
Internkllonal Ifanvster . Co., quarterly
11.7,1 on preferred, payable March 1, to
stock ot record February 10,. 4
again siindcd under Ho, but tin jer tnnt
SSMI 'cttcr b,,pprt .
..3
T -. r-"i
rnrrihw w
.iiui.cver(e
crty back,
'H.'wip.s., .tft.opcR. npt-mffl '
BanHv'arra'nTs, J&?''
confined wlthlnjtbe wSlertXtSS
limftsi In thobank warrant! $Tl
ndded to yesterday's S14 n. M
;tue dcaliriir.s-vr?'4iTdT.fn90. but
i . . r o-. " - uju mum net- fc..
nco me trading begun In l L T1
seen
Iho'top price of the inovcm n t, 0"'
recent .inoulrvfnr h. a.i "'8'.11
SKrf )VZ
er. " - 1"uul-'aslng Wos
Tradfnir In Lak'o Runeeio, r- .
.was a utUa. more, cUvc .wi S
fractlohar advances The fncomi R,mi'i
uip oincr nand, .eased off 1 pcrr0enK
i. vuo iu uiu oiocK is evjuent v an ln
days, especially in' stock's of VC2
speculative value. . " "
Like Banquo's ghos't, the story of the
capital readjustment o tho Baldwin
liocombtivc Works will not down, pi
sistcnt denials of such a step are made
by, those who should be n position ta
know'. rThe (.torKundoubtcdly crL d
Up out of tho knowledge o the quiet nc
cumulation of tho stock by lnteraits
closely allied with u certain flnandS
institution, which will figure promi.
nently in tho financial operations inci
dental to -tbre1 equipment to be supplied
ubroad. r
COVERING BY SHORTS
- HEIJ&CORN PRICES
Trade Lacks Snap Owingto Un
satisfactory Shipping Situa- .
tion July Oats Strong
riilrnpn, .Ian. 20. Buying ngainst
indemnities nnd covering by shorts, in
duced by n firmer tone to the cash ar
ticle, rallied corn futures todnv after
they had been depressed early because
of disturbed financial conditions nnd
poor buying power.
Trade lacked snap, owing to the un
satisfactory shipping situation. It was
bald that the. supply of cars was u little
better in parts of Illinois and Nebraska,
but no improvement wns noted in the
Hast. The weatlicr was good throughout-
the West wind the forecast wns
favorable.
Iteteipts remained light nnd it wns
predicted Hint thero would be only 100
cars here tomorrow. Cash wheat and
rye gained ground.
Oats also. stiffened after irregularity.
May was under pressure and acted easy,
but recovered. July was stronger on
buying credited to export interests.
Sales of .'iriO.OUO bushels of oats for
shipment abroad were reported at the
bcaboard, and premiums .on the cash
article were marked up. Shippers were
nervous on account of difficulties in get
ting grain moved eastward.
lteccints were light.
Lea'dlnlr future's ritneed as
Corn (new delivery)
Open Illeli Low
Jon .... l.' i:47i
May ... 1.:U, .32'i
July ... 1.31 1.827
Oats (
May ... S2'i K3t
July ... 73? 7.
- F".
checks 33.52; marks 1.00; Austrian
kronen ,81.
1 lcn '!u lsiie high quotation of
liGO, marks reacted to 1.40. The allied
exchanges wcro easier, with demand
bterling being quoted at :!.51V- and
cables 5.o'"4. or about -' cents "under
(he high of tho morning. Franc cablei
were nlso slightly lower at 13.15 for
cables and 13.17 for checks. Lire ca
bles were 15.-10 and checks 15.12.
BANK CLEARINGS
Bank clearings" today compa"f nt "wltV?P
reriinndlns day last two years:
1820 , tnii tsiai-'i
r-hlla .. $77,068,300 Jfl3.327.707 Mft.MtilSal
S. T ...760.103.915 0DB.ll4fl.74l 610 Ml Mil
fhlcaco.. 110,401.304 82.2301445 ......'I
lloston . n2.813,B07 r.8.214. 1511 3.01547ii
.St. I.ouJs 28.447.80S 24.740,813 ..,..''
Ualtlmoro 12.318.803 12.803, 8U3 " !t
CHICAGO BUTTER AND EGOS
Chloairo. Jan 29, V UUTTEH higher,
Creamery. 50G0i '
EGOS lower. RecclDts. fiflst rases, rirrti 1
37."iSc: ordinary firsts, 5053c; at mrt
cases Included, C4C7c. '
1.43Ji
1.31'i
1.31V
follows.
Tes.
ClOSO ClOFG
1.47 1 Wa
1.32
1'ork
Jan
May ....33.50
Ird
May ....23.27
July ....23.30
lllbs
May ....20. 23
July ....20,03
t.Vaked.
73?(.
39.00
23.37
20.42
20.82
38.30
30.30
3,00
R27i
73H
30.25
38.83
23.03
23.40
23.33 t22.80
23.72 23.43
20.22
20.01
20.42
20.82
10.30
20.30
FOREIGN EXCHANGE
Now York, Jan. U0. The foreign ex
change market again today was decided
ly erratic, reflecting chiefly London cov
ering of bhorls. Allied exchanges showed
advances of from !i to 30 points. Marks,
nt the extreme high, showed u gain
of 23 points. On the other hand, neu
tral exchanges showed loses of 0 to '20
points. .
Quotations were:
Demand sterling fl.TOiJ, cables 3.54,
franc cables l.'t.liO, checkH 1I5.22: tiro
cables 15.40. cheeks 15.42; Swiss
cables 5.53, checks 5.55; guilder cables
?S7A, checks SSJ ; pesetas cables 18.70,
checks 18.(10 Stockholm cables 10.S0,
checks 10.(55; Phristiania cables 17.03,
checks 17.80: Copenhagen cables 1(5.35.
check's- 1(5.20; lielgian cables 13.50,
cAPiTAissoaobaooft
SURPLUS (EARNED)
81 $2,000,000.00 ' Jl
We
Sell Money Orders
and Drafts
Payable in
Austria
Belgium
Bulgaria .
Denmark.,
Germany
Holland
Jugo-Slavia
Luxemburg
Norway
Poland
Roumania
Serbia
Sweden
Switzerland
at Lowest Rates
Apply to our
Foreign Departmeht
UNITED STATES GOVERNMENT
LIBERTY LOAN SECURITIES
$50, $100, $500, $1000 Denominations
"" BOUGHT AND SOLD FOU CASH
FULL- INFORMATION REGARDING . TAX FEA
TURES OF ALL LIBERTY LOAN SECURITIES
WILL BE FURNISHED UPON REQUEST.
MONTGOMERY & CO.
NEW YORK
133 S. 4TH ST;
PHILADELPHIA
TKLUL'lIONI'.Si Ili:iX. I.0.MUAU1) 4S20; KEVSTONK, MAIN
(iOVKKNJIKNT HKCUKITI1M 1IEI'AHTMI:J,T
CHICAGO
23S1
Tulfdo. ).
Cloverseed
Jun. 5B.itii clover,
SO. HO; Jsnusry. ISO.TOi February, $3U,S0:
f..Mw hi nn Anvil ssr An ..!,. .?..'
January and March, ISU.SSr Tiowttf csh
lOIT ,.n4 1AIH IH.'IOr 101(1. IADS, T,,n.'
WHEN FOREIGN EXCHANGE
RETURNS TO NORMAL
A French 5 Bond costing $74 would bo worth at par $193,
an increoso in value of $110, or oyer 160
The yonrly Income now worth $3.00 or about &U
would be worth $0.65, or over 13
on the original investment that coit only $74.
w IN ADDITION
French -4s at 56, would be worth $193'
British 5s at 332, would be worth $485
Italian 5s at 62 y2, Would be worth $193
Belgian ft at 78, would.be worth $193
Tho opportunity is Heldom offered to purchase a Government
security paying ri normal rato of interest with the possib'lijy a
very substantial profit. .
Direct Cable Cotnmunicatioiu with Foreign Countries
EDWARD B. SMITH & CO. ELKINS, MORRIS & CO
1411 Cheitnut St.
Land Title Bldr.
S5i
PSSlie.
' market Iras ualet.
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