rjT- I ft 15 fc- u - EVENING PUBLIC LEDGER-tHILADELPHiA, MONDAY, FEBRUARY 2, 1B20M' - - umm I v' 1 Barrett for a Big Job Brooke Stokes & Co. a well-known Philadelphia and Baltimore bond house, has just brought up to date their most exhaustive statistical analysis of fifty ono of tho leading rail roads of tho United States, showing earnings', expenses, dividends, etc. The investiga tion will be published and dis tributed gratis to a fow of their clients. Tho mass of fig ures was checked by five men, working two months continu ally with five Barrett Model 10 machines. This firm orig inally completed this work in 1916. They had from 4 to 8 men working exclusively at this work and at nothing else for 4 years. At the time this work was commenced they in vestigated the entile adding and calculating machine field. Tho gratifying conclusion ar rived at was that tho Barrett Model 10 is' by far the best device obtainable for checking work that must be deadly acj cUrate. No doubt millions of dollars will be invested on the reliability of the facts fur nished these investors. The John B. Stetson Co. of Philadelphia, the largest hat manufacturing concern in tho Vorld, uses six Barrett Model 10 machines four on payroll, one one building and loan, and one in the shipping depart ment. Send for literature. Barrett Sales Company IMitrlbutors nurrrtt Atldlns Maehtnea 505 Bulletin Bldg. rhone Locust S8S5 Barrett a are inado in Philadelphia NEWS OF FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK QUOTATIONS HIGHER OPENING FOLLOWED BY USUAL IRREGULARITY Another Collapse in Exchange and 14 Per Cent Call Money Deterring Factors Now YojU. Feb. 12. The growing mental confusion among tho professional tindlug contingent, and tho sharp di islon of opinion lcgarding the gcuernl situation were both forcibly exempli fied In the conspiououslj unsettled price movement in today's stock market. In fluences which recently acted as a check to the market were ngaiu operative. Further weakness of international cred its, as indicated by a new low quota tion for the London rate, vvus accom panied by statements emphasizing the probable effect of the exchange situation on this country's trade balance. Little comfort at the same time was to be derived from Saturday's bank statement. On the contrary, all indi cations pointed to another week of tight mono, which was confirmed in the opening and renewal rate of 14 per cent for rail loans The tension of the monetary situation was further em phasized in the difficulties experienced in obtaining time loan accommodations. It is understood that H considerable amount of term loans mature this week, and it was intimated funds available 'would provide for nbout only 20 per rent of demand This would mean the borrower would be compelled to tin! re course to day-to-day lenewnls in call money market. Over the week-end envelopments, if am thing, contributed to intensify the confusion already existing, particularly concerning the peace trentv controversj and the railroad legislation. These fnetois. however, while unquestionably earning considerable market influence, wee entne:, eclipsed by the acute do mestic and international moncv situa tion Wall street, of course, is keep ing a weather eye on Washington, for it is reasonably certain something big is going to break loose soon. The market started with a show of strength at the opening with the ini tial prices gentrally higher. In sev eral divisions. Mien us mncpenacui early gains extended fiom one to al most thiee poiuts. Tc railway list at Mint time gave no signs of following up its moderate ndvantngc of last Saturday. Later in the morning, how ever, couditions were reversed, when the industrials gac ground under re newed selling pressuie, while the rails slowly hardened. The opening demand -was not sus tained and the same familiar rcac tionaiv current set in before the rud of the first fifteen minutes. The ship ping shares and the cheaper oil slocks were the first to give way. represen tative industrials nnd high priced speci alties soon following. Once again, however, the wider fluctuations wcie confined to the lecognized pool nnd clique industrial specialties. The set back became mote general when call loans opened at If per cent, Geneial Motors, Crucible Steel nnd American "Woolen were the prominent sto"ks under pronounced pressure at mid -day. losing .1 to D point-. Halfway rallies occurred when announcement was made that the 1'nlted Stntes Su preme Court had again deferred nction on spyernl impoitnnt caes of interest to Wall street. As the court adjoin ned todav until March 1 the traders will, for u month at least, be freed of the usual Monday morning unccitainty on this question. Selling piej-sure. however, perceptibly slackened prior to flic disappointing WnehlnptAi npws and irrcculiir rallies began with renewed moderate buying of the railroad snares. Atioincr nowgc nMn ff.itiiriv nnd in some nuarters re garded as a good sign, was the in creasing dullness which accompanied u n..iinini, ,v,r, nitmnt nf tho mornini?. indicating Ihe continued absence of liquidating pressure. . Tmilini- u.ix at a standstill in the last.hour. but the market yielded again I mpiw vr.Di cTTHnw rvru Aium? TDAWCArTinwQ I tjuT A JSl. tJ A VSVs&. JL.lJUkivML4 & avxth x-& iiunu j riiv. In 8 8 7 13 .80 7 (I 1 it 6 n CORPORATION Income and Excess Profits Tax Matters Expert preparation 1919 Returns Export Review 191719181910 Returns Consultations Conveniently arranged Phone: Filbert 2150 Benjamin Robin (Formerly tilth Bur Int. 77 ei.) Consulting Accountant 219 North American Building 1A III 1.KV1N. Krsldrnt Manager steels, equipments motors nnd oils, I when call money rose to 10 per cent. STOCKS SHOWED Philadelphia Stocks 1 MORE RESILIENCY! i Surface Movements Uncertain,! but List Quickly Stabilized i Itself on All Declines ; RAILROADS WERE STRONG 120 ;i 201-4 85 2S 13 165 Vs U 51 Vi U c.o . . 120 .. r. .. .'15. . 20 Si 28 12 1 f 16S .. RiuOS Bids IVaii., D C Trinity Bldg .Vcio York, N Y. Rittenliouse Trust Go. Rights Bought and Sold PETRY, TOLAMD & WEISS Members Philadelphia Stock Exchange New York Stock Exchange 1326 Walnut Street 1'hlladclpMn Members riitladelphl.1 Mwk Ktliansc Rittenhouse Trust Co. Warrants BOUGHT and SOLD M. F. Middleton, Jr. & Co. Stock Exchange Bldg. Spruce S12D Kme SIMS Northern Ind. Gas & Elec. Preferred Stock Co. HEED A. MORGAN & CO. WEST END TO ST Hl'ILIUM) Members of th I'hiU stock ExUianc riN.vyci m. I'AilT.NKBi'.IIII" EDWARD B. SMITH A LOMl'AhY JfOriCK Of DIxoOLLIION Notice is hcrebv cimmi that th rar'n'r uhlp horetofore citlnc brtin Robert P Crar. Albert I smith. William Aldeii l'rait, Thomas Nnwha.ll rrtdcruk S-asrave nud Radcllrto Chefcton Jr arrliiff on bun - rTIns undr the nnn ijiti.- nt Edward II. Smltn & tominins . ai nil i npsinui ir-n, t.hllaAlnhin V.n ,r l ., n 1,1 ..lid 30 Pin J.m. J!,.. M v.,, nri. i i1 S..1HA nf tjpvr v York. Feb. 2. The New York , nvcnins: Sun's closing financial review toihn avs : 1 So far as surface movements were' 'concerned the stock market at the be ginnins of the new week disjilaj-e'l ennsitlerable uncertaint of trend at I limes, but the price list ever stabilized itself not far from the Jsntunuy cios I ins levil when tradins became nuin than u-ually dull There was some show nf strenct' nt the opening, but after the firt fif teen minutes or hi a sagsiuc teudenej was in iideuce which developed into dei lines of as much as 1 to 2 points in m.lll issue- in me -ceoun nnur. The bear- -tioe to utili7e epecta timis auent the -took dividend n- l.emliUR liefore the Siipreni" Court r' WnshiuRtmi That tribunul. however did not hand down au.v importaut de isions before taking a recess until "U.ir. h 1 The faet that the chief justice liail announced la-t Mnndm that surh a n(f-s would be taken beRinnitiR tnd:i une an uddituuial luiudle for the beats t i Rrjsp a- a leveraRe to push prices ihnvn. as the case ha- been before the lonrt for many ek now and a de- i-ion unfailinRh looked for each Mon la -uiee nn'l, of eotirse, it was not the sliRlite-t ta on uediilit; to Mippo'c that the matter miRht l' Imrrioil on a bit m order to dispose of it before the prolonsed adjournment V ith the assurances that Midi was tint to be. the stoik li.-t .showed imme ilinte ltnnroveinent. and ill the earh afternoon net price ehanRCs'werc vcrj narrow m the industrial group. The feature of the session. as ou Sat urda, was more than usual interest in i the rails. In that quarter a certain I amount of strength wa- consistently ' maintained, moie particularly among I the lower-priced shares. Washington advice- were very prom- i ising of an cailj aRrccmeut between tin- ti.nferee- on the House and Senate rail- load bill- nud it might well be that tu siji li an event the rails might become 1 -iisieptible to speculative atttiitiou if . i.ntv momi ntarilj . - 1 he fait, however, that legislation is to hedge the roads about, as it were. tends to reduce their stocks, to a stnctiv investment basis, and lealizatiou of this ha- had mmh to do with lestricting their movements. Notwithstanding favorable bank state ments on Miturdaj. money rates fou tin'ied I113I1. 1 all loans renewing nt 11 pep cent , anil time muds iiniug .11 .- S Alliance. G" 100 Am Strs. 41 41 7 Am Gns. 51 51 8 Amer Ily pf .... GO 115 Td Stor.120 GOrant PO 5 102 I C N A. .15 725 l.k K Cor 20 15 Ijiii Mon S5 :.5 I.ch Vnl. 4:'.!i ' Vnp Vnt Hk war. 2S Sii0Pa Kit. 420', do cash. 43 S4 Pliila I5k war . . .1GS ITPhila Co cum pf. 05 34 153 Phil i;iec 253s 25 10 P U T tc 21'i 21''s 700 Ton Tel. 3 'J 245 f G 1.. 54"s 51 10 tTT S Stl.105 105 4rdo pf.. 11-1 114 10 Wst Coal 75 75 Net (hatic-u made hv romuarlson with last sain on New Torl Stock Uichanso. Kx divldenO Total alr 4047 Hharcs compared with J70il -harca Saturda. Mil. shl WINDS) Net 1'inii lllKh Iiw rioie cho 1 i:iee & Peo Tr 4s.... lU--'i (14 vv Ot.. 1 l.eli Valtis.lOO 100 100 .. 1 Lehigh Val Coal 5s.. OS'. OS'- 0S.. "T Ub 13ds4th s 00.54 00.51 00.51 .21 1 I'll gn 4'js Sl"' Slvs 81sv "s s -i-.i I'lnla 1.1 1st 5s fi." (! Heading gen !s... T!'"s 1 vi elsuach Co 5s ): f)S '.IS'.... Hondc. tM S00 rompjrcd "with "1 .Saturday. .14 25.. 24 ; 2 54 105 114 7u !0 711 oo- T0- 0,000 Combined Reserve Bank Report Washington, Feb. 2. The wo-kly ic port of the combined condition of the twelve Federal Reserve banks, at the close nf business on I'nila.v, Jnnuar HO. announied bv the Federal lleservc Uuard. is as follows (OOl) omitted) : itEPOt rci:s sJanuarj 30 Jamjar J3 Gold roin and ci-rlifl- cates In vault 122" 110 52J" .'11T tiohl ffltlme-it fund 4 II S.'4 44l.4'i1 Gold with for'n ascncitn 114 ujl 11T.3JJ Total sold h-Id by h'ks J77U.OOI J770.1OS Gold with Tederal Itf- serva asreiUs .. . . 1.110. 426 1.12H281 Gold redemption tund with V. b. Treasure 111 221 121.221 Total sold resents J2.012.ti5') .' 028 B50 Lfsrat tender ?llvr utfs . suDEltltarv ioin m.-.il ui,.ii Sales 400 .100 700 300 1900 400 4500 244)0 too 800 ",'000 300 500 8000 .100 3100 3000 100 1)00 200 100 3(00 aao 1000 2400 100 loon 9000 K i.w 100 200 -I500 4 100 200 700 100 B S00 7 1200 6 300 .? 200 7 700 10 100 3 41000 3.50 too 1700 200 4 100 $ 10O 7000 5 200 200 100 7 700 10 400 .50 100 (00 500 2000 300 too 3000 100 2(00 1700 800 7 00 200 1700 1S00 100 3300 700 200 2000 400 100 soo 700 100 , 1400 100 400 400 100 500 1100 20 8700 290 10 2300 200 200 200 1000 200 100 300 300 200 1.130 17C0 700 3230 400 200 400 100 10000 100 300 -4000 2000 nno 1100 100 100 .100 2500 1500 100 too 8500 1200 1500 3S0O 300 300 COO 2')0 200 GOO 100 41 Vt 80 H 17. Atlnms Kxprcss . . Atlvanco Uunioly AJax Rubber . . . . , Alaska Gold Mines Allla-ChaJmers ...... 0 Am Asrlo Chcm .,.. ns Am Dosch Magneto. . .125 J4 Am Can 55H Am Can pf sa) Jimar : iciy . Am urugglst Syn .... 14 Am irdo & leather. . . 25 AniIIIda & Loath pf.,116!$ Am Internal Corp ..,10S4 Am-L.i Franco Engine H14 Am Linseed 8C?B Am Locomotive 9894 Am Malt & Grain .... 30 Am Ship & Commerce. 24 ?4 Am Smelt & 1W ....074 Am Smelt & Rot pf.. 97H Am atcei founarles . . Am Steel Fdrlca pt . , Am Sumatra Tob , , . , Am Tcj & Tel Am Toriacco pf new. . . Am Tob Seo temp ctfs Am woolen High Low 30 9i My2 4iH 0194 9294 99 ft 97 079b .150"2 Am "Woolen pf 101 H Am "Writing Paper pf. 55 Am Zlno Lead & Sm., Anaconda Copper , , Ann Aibor , . , , , . . . , Ann Arbor pf Asso Dry Goods , . . Asso Dry Gds 1st pf. 41! so y2 Ua 49 V 92 112 532 98U .1372 I130J4 13'4 2414 115 1071a 14 "4 85 98 30 24J, 07 94 9794 45 93 91 !i 09 j 97 BOTi 15012 1041? 55 is, 60 94 12Ks 2514 50 Vx 73!'2 73 Vz 82 ',4 79 89 V ir,:tii 25 11094 100 H 32 4194 127?'. 2815 OG'i 13', 13!4 100!4 too ? 2.1J4 Today's Not Close Chsv. 30944- V,i- 114 80 J4- J4 IT. .. (9U- A 93 - 1?4 121 4- 2 83!4- 1!4 98 Ki- '4 130K- 2 13'4- H 2114- U 11014- !4 10S - 1 Yz 14!4 !4 84-t- U4 18!4 13M 25 & 57 !4 73Ka S( . 79 . 89'4 .105 !4 . 25 !4 .11BJ4 .10014 . 3294 . 1494 .127 . 28 ft . 07& 13J4 Asso iTy Ods 2d pf . , 71 Atch Top & s V, . . . A tell Top & S V pf. Atlantic Coast Lino . All Gulf & W I S S. Auto S C tern ctfs pt. Raldwln Locomotive. Baldwin Loco pt . . , , Baltimore Ss Ohio . . . Baltimore & Ohio pf. "Banott Bethlehem Motors . . Bethlehem Steel II.. Booth Fisheries . . . Bklvn Rapid Transit. 13!4 Brown Shon 100(4 Bums Bros . . . 103! 2 Butte Copper i. Zinc. 0v4 Buttu & Superior Cop. 25'4 Caddo Central O & R. 23!s California Packing ... 84 Canadian Paclflrj . ,.128?4 California Petrol pf Central Fund pf . . Central Leather . , . Central Leather pt . Cerro da Pasco Cop. Chandler Motors . . . Chesapeake & Ohio Chicago Gt "Western Oil Gt "Western p . Chi Mil ft St Paul . CM Mil & St Taut pf. 55 CM & Northwestern . . 84 !4 CM Rock Isl & Pac . , CM R I & Pac 6 pf. Chi R I & Pac 7 pf. Chila Copper Chino Copper Cluett Peabody . ... Coca-Cola , Colorado Fuel & Iron Colo & Southern . . . Col Grnphophone 61 Comp-Tab Record ... 51 Continental Candy ... 12' Consolidated Gas .... 79J8 Consolidated Textile . 30 Con Interstate Cat M. 1994 Corn Products Ref . . 85 Com Products Rcf pfl03 Crucible Steel 221 Crucible Steel pf 99 'j Cuban-Amer Sugar ..150 Cuba. Cano Sugar ... 50 Cuba Cane Sugar pf . 83 Delaware & Hudson . 95 'A Denver & Rio Grande. 7!4 Denver & Rio G nf . . . 13!4 Kndlcott-Johnson ....133H Kdnlcott-Jobnson pf Lrlo , Krio 1st pt . . . Hrle 2d pf Famous Playcrs-L Famous Plajers rts F'bhcr Body . . . Kis! Rubber Frteport Texas . . . General Chem pf . . General Cigar General LSlectrle . . . General Motors General Motors rts General Motors deb. Goodrich B V Goodrich B F pt 98 30 2114- 6794- 9794 4594 I- 0.1 91 !i- 9994 97 CJ4 152 104H 4 181,- !4 00 4 - '4 13944- 19i 25J4 '4 57U4- 1 73(4- 114 73(4- l'j 82 !4 IS H 394 1 8994 1 (!3H- 23(4 32 4494 127 '4 r 28Ja -9094-13(4 13!, 100(5 100 4 25(4- (i 6!i Dlv. SaUn In t 800 6 Lackawanna Steel 100 . Lea Rubber & Tire .. 3414 200 3.50 Lehigh Valley 34 100 12 Liggett & Myers Tob. .198 7 Liggett & Myers pf... 108(4 Liggett & Myers rts..i 10 . Loft Con 22(4 Loose-Wiles B 2d pf . . 115(4 Loewo Co 30 0 Marjln Rockwell ... 63 7 May Dept Stores .,.. 2194 0 Melcan Petroleum ..188(4 3 Miami Copper 21 94 0 Middle States Corp .. 4114 4 Mldvale Steel & Urd.. 404 Minn & St L new .... U94 Missouri Kan & Tex . 994 Mo Kan & Tex pf ... 13(4 Missouri Paclfta .... 28(4 Missouri Paclllo pf .. 12(4 Montana Power pf . .100 National Acme 38 Nat Aniline & Chcm.. 01 Nat Aniline & Ch pf. . 87(4 Nat Conduit & Cable. 10(4 Nat Dnom & Stamp. 81 National Lead 82 Nat R R of Me 2d pt B (4 Today's N't High Low CIobo Chee. 84 W 84(4 81'4 94 200 200 700 200 100 120 200 0100 300 22000 2200 4 500 300 too ,3000 1300 800 7 300 3.50 000 100 7 100 .100 a 100 5 200 31 H 43(4 198 108 10 22)4 lUft 30 8294 2494 191(4 24 38 40 13)4 9(4 13(4 2594 4 1(4 9994 38 03 ' 87(4 10(4 8094 5! 31T4- H 4394 I 193 108(4 10 - 1 22)4- H 115(4- H 30 0294 2194- n 10494 2 2194 J4 39(4- 194 100 1.50 Nevada Con Copper .. 10 New York Air Brake. 107(4 72 47 . . 112 '4 ..loH 55 12 ..139!4 . . 50 . .9s .. 2.1 !4 3774 27 !4 con 09 T4 18(4 37 !4 95 3794 40(4 249b 101 J i, . 13 . 20(4 . 119b . 82 . 0094 .12494 . . 28(4 . 98 . 70(4 .K0!4 .310 . 80 !4 . W)('4 77(4 05 4 Gt Northern Ore ctfs. 38-U 7 Gieat Northern pt . . Greene Cananea Con Gulf States Steel . . 5 Hartnian Corp Hupp Mo'or Car . r, Inspiration Con Cop Interboro Con Corp . 0 Tnt Ilnrv ester ... . nt Mer Marino . . 0 Int Mm Marine pf International Nickel InUrniMonal Paper . 0 Internal Paper pt I, Ir.tet national Salt . Iron Products Corp 1 Kellv-Spsi Tire .. .. S'Kell-Spg T 8 pf. Krnneuott Copper . . . Keokuk & Djs M- Total rererves 12 073 nil J'J (lf7.M :i 1800 1 .20 Keystone Til o & Hub 7aM 70 105 15 7 5(."4 3'4 127s4 30 )4 no 21(s 8t!'a 70(4 70 50 (4 130 (a 102 30 14 e2 3194 83'i 1274 71 T4 47 9114 10094 55 137 55(4 S'4 23'4 37(4 53 81 2094 CO 00(4 18(4 36!s 95 37(4 3994 2494 50J4 51 12 71 30 10W 84(4 103 21814 99)4 450 4914 83 95 7(4 13 129(4 10l?4 13 20 14 so 94 89 121 !4 41(4 28 98 70 (-4 100 30394 SO V4 80(4 70 34 91 !4 33 '4 77(4 3 70 103 ISI4 35 H 3 '4 126(4 37 '4 9594 23 H 82(4 70 '2 70 50 13G 102 30(4 4(4 30 U 84 A 12794 (4 72 (4 47-3 91)4- T4 10094 55 138(4- 'i SO 'a 8(4 '4 23(4 37(4 -9 53(4 1 84 !4- '4 20 94- (4 00 09(4- 3 181-4 v 37(4- 14 952 37)4- (4 3994- 94 2494 '4 50 (4 - 14 51 - 3 12(8 - 79 - I, 30 " 19 S4H- r4 103 4- '4 219 H- 2 99(4 I- '4 450 4-10 49)4 (4 83 95 7(4 '0 13 14 129(4- 2 101 J4- (4 13 14 20 - (4 14 80 34 14 89 - 94 12194 4 1 41(4 1(4 28 9S 1 70)4- 94 ICG 305)4 2(4 80(4- I 80 (4 4- (4 77 - '.4 91' 2- 94 38 34 t I, 77 h- 4 33 - I 70 - :i 103 - 234 IS", - 501j - 9, 334 120(2 - 2 i 3S 1 1 4 DO u 23H- 54 - 1(4 70(4 70 1 2 50 - H 130 102 39 (a . 4)4 37 Vi 100 2200 100 2., 200 0200 100 300 3200 400 400 900 3000 . 700 100 100 70VO 400 100 2500 200 400 700 5100 1000 G700 100 400 500 t 400 400 300 100 10O 100 100 40o 200 500 1000 100 21800 3100 8 100 2500 400 5100 100 1700 9300 200 10300 21)00 300 !00 14900 .100 150U 100 1000 1000 1100 I2ll0 200 2C0O 100 400 too 800 8700 200 100 ion Mi) 0100 700 l00 GOO 2000 300 5C0O 100 500 250 0(1 1000 500 1000 1230 2U0 too tsoo 1000 5500 100 100 800 500 100 1000 II'OO 3f0 700 400 100 New York Central ... 70(4 Now York Dock 42 N Y Chi & St L pf... 28 New York N II & II.. 2894 New York Ont & "W . . 17 Norfolk & Western .". 90)4 Northern Pacific 7 Nova Scotia S & C... 70 Owens Bottling Mach. 00 Ohio Cities Gas- 47 Okla Prod & Ref .... 9(4 Otis Steel 37(4 Paclflo Development.. 71 Pacltlo Gas & VAca . . 55 Pan-Amer Petrol .... 9294 Pan-Amer (B) . . . 9014 Parish & BltiKham .. 42(4 Pcnnsjlvanl.i R R ... 4294 Ponn Seaboard Steel.. 32 Peoples Gas Chicago. . 40 Pittsburgh & W Va.. 23 Pcro Marquette 31 Philadelphia Co 4o9a Plcrco-Arrow Motor,. 70)4 Plercc-Arrovv Mot pf.. 90(4 Plerca Oil !8Ja Pittsburgh Coal of Pa C0i8 Pittsburgh Coal pt . . 8t Pitt C C & St L 5. Pittsburgh Steel pf . . 91 Pond Creek Coal ... 23 Pressed Steel Car .... 9!) Pressed Steel Car pf.. 104(4 rullman 11474 Puntrt Alegre Sugar . . 89 Railway Steel Spring. 98 14 Ray Consolidated con. 21 Re-idlng 7094 Rem Typewrit 1st pf.lflO'A Republic Iron & Steel 110 Rojal Dutch NY ... 108(4 Savage Arms 75'4 St L San Francisco . 199a St Joseph Lead 10(4 Saxon Motor 18'4 Seaboard Air Line ... 7)4 Shell Trans Trading . 88(4 Sinclair Consol Oil .. 41(4 SIoss Sheff S & I 77)4 C Southern Paclllo IOI94 .. Southern Railway .. 22H 5 Southern Railway pf . 5394 20 South P R Sugar ...215 7 Studcbaker . 105?', 10 Stewart Warner Sp 142 4 Stromberg Carb .. . 7G'4 3 Superior Steel . . (8)2 Tenu Cop k. Chcm ... 1194 10 Texas Co 200)4 Texas & PaelCo 38 .. Tobacco Products ... 87 '4 7 Tol St L West ctfs... 1194 Transcontinental Oil . 20 5 Ti-nitsue & Wms Steel. 0194 1 Twin City r.T 31 8 Underwood Typewrit.. 175 .. Union Oil 33(4 10 Union Pacific 123 4 I'nlon Pacific pf 07 8 Union Bag & Paper.. 01 4 United Alloy Steel ... 49(4 .. United Drug Co ... U194 3 United Retail Stores . 87'i f a C I P 1: Fdy .. 20)4 5 UHCIPi Fdy pf . 52 2 U S Food Products... 07(4 8 V S Ind Alcohol 10094 8 U S Uealty & Imp... 51(4 8 U S Rubber 128V4 8 I S Rubber 1st pt ...113)4 0 U S Smelt & Uef .... 71 5 U S Steel 10594 7 U S Stiel vt 113(4 0 Utah Copper 75 4 Va-Caiollna Chcm .. 0994 Vanadium Corp 53 0 Va Iron Coal S: Coke. . 90 Wabash 8)4 Wabash pt 21 U 1 Westlnghouse K S. M. 54hi Wcstcrn Mar) land .. 1094 Wctit Mai)land 2d lit 18 . Western Pacific -3 7 Western Inion Tel . 8094 Wheeling &. L Urlo.. 129e Wheel & L i:rIo pf .. ln)4 1 Whlto Motor 0094 I Willys-Overland 2S8 AVIsconsIn Central .. 2G'i s Woolworth V W 12394 Woithlngton Pump . , at J4 0 Worth Pump pf B.... 73 ! 10 J0714 03(4 42 28 27(4 17 90 78 0994 59 94 1094 0)4 3094 74 55 91)4 87)4 42!4 4194 32 40 28)4 M 3994 0894 90)4 IS 94 00 Hi 54 91 23 98)4 104)4 1U94 88 7J4 2014 75(4 100 H 113(4 10794 75 (4 19 15 J4 17 7J2 8794 4054 77 10094 219'; 5194 215 101 141 73(4 48(4 11(4 199(4 3094 094 1194 2594 6194 31 175 3294 122 07 91 19)4 111 85)4 J9'z 32)2 00(4 10594 51(4 120)1) 113 Ji 70)4 10194 11 J (4 71(4 (9 50 94 90 8 32'. 53 10(4 IS 23)4 S0(i 12 19(4 00 14 2.1)4 20(4 12394 93 73 19 13)4 994 13(4 2594 4194 100 38 03 87)4 10(4 80 94- 82 5)4 to 107)4 1!4 )4 70 42 28 -27)4 17 90 7894 70 9)4 37)4 71 h 55 0294- 14 0)4 'A 42 !4- 1)4 4114- !4 32 1 10 90)4 1894 00 91 - 94 'A Va 'A 14 H J4 W 14 1 DEADLOCK IN THE LOCAL MARKET STILL UNBROKEN f Excess Reserve of the ClcaringxHousc Institutions Reduced to an Vncomjorlably Low Level In looklnc around for nlnuslhln ex planations for tho pronounced contrac tion of the volume of dealings on the local mnrkct, It Is not necesstiry to go further than muklnir only n rnsiint aunlysls of the weekly Philadelphia Clearing Ilousn Association statement. it likewise will supply ample reasons for the existence of tight money market conditions, und furnish ninpln proof nf the scarcity of funds, not only for stock market purposes, hut in general busi ness os well. The entire answer Is to be found in excess reserve above legal requirements of only $."84.000. This is close to the lowest notch in reserves of the local in stitutions since tho operation of the federal reserve s.vstcm. It conclusively shows the dangerously thin lee on which the loaning institutions tire skating, und al.so the necessity for the application of the drastic steps already taken by the Federal llcscrve board. A closer examination of the state ment makes the showing even less fa vorable. Appnientl) the member banks found it necessary to extend their bor rowing from the Federal Itcscrvo Hank considerably, which is suggested iu the Increase of ..-(W.OOO In loans aud dis counts in the weekly statement. Such expansion in loans, in view of the knowledge of the curtailment of bank credits iu nil quartern, could hardly be .explained in any other way. The con traction of credits now being enforced is partly reflected in the drop of $l.n.,8(, 000 In individual deposits, while the active interior movement of funds is shown in the falling off of .f(i,lirj,000 in hank deposits. Such an exhibition offers little coin- 1 - 0 194 A 1?4 )4 94 fort for any immediate material casing Of the current stringent money market conditions. On the contrary, tbrouRli the apparent window drcsslug, it would seem that a further tightening of the bank puisc ilrlngs may be expected, with the accompatijing drastic curtail ment of credits. Today's local stock market like most of the immediate preceding sessions was 11 dull and colorless affulr. It was n market iu name only, ns tho major portion of the dealings were of u dis tinctly perfunctory t)pe. Price move ments were conlliicd with the same fa miliar circumscribed narrow fractional limits, altogether meaningless. Here and there through the list des ultory selling vvus in evidence and more noticeable In Philadelphia Itapid Transit nud Lake Superior Torpor atiou. The former yielded lo '24 VJ, or within 3A of the low nrlce nf the mnvn inent, Lake Superior dropped hack to i!0'4 011 selling that had the uppcar nnee of impaired marginal accounts. Pennsylvania Railroad nud Alliance Insurance Co. vvarrouts were the stronger spots. Good buying continued iu Penns.vlvnnla and nearly nil the seveutv-flvc cents dividend, which come off today, was resalned. Alllanee In. suraucc Co. warrants ou smull dealings esuiuiisiicii n new lop price of Ur;'s Northern National Bunk warrants were better supported and were pegged at IBVi. In the Philadelphia Katioual Hank warrants trading showed signs of fagging. There was, however, a spread of !?a on much reduced transactions be tween 105 and 108. United (ins Im provement made some show of strength nt the blurt, hut fniled to hold the gam. Philadelphia Klcctiie was fum at 523 Vi. I . 91 23 98)4 1U94 S8 87)4 21 7514 100)4 1-1)4 11194 ' 108 Vi 75)4- 'A 19 10(4 )4 17 - l!4 7)4 .. 87 J4- !4 11 - )i 77)4- 1 10094 1- y 2194 - 'a 5594 94 245 2 101(4- te 141 - V4 75(4- 18 48(4 - (e 11(4- " 210 29i 3S 1(4 87(4- 2(4 II3J 2594 0154-1 31 - 175 33(4 'A 12! - I 07 - 94 91 49 (i (4 HI - 1 80 - 194 1094- 51)4 00 14'- 100)4- 51)4- 127 . 113'.- 70(4- 13494 - 113)4 4 75 1.9 5t(4- 80 8!4 2.194 - 534 - 1094- 18 25 19)4 00(4 28)4 - 20ti 3(4 123)4 14 93 7.1 -i A LEADERSHIP LACKING IN MARKET FOR CORN Depression in Foreign Exchange and Setback in Cash Article Discourage Bulls URAIX BELT WnATHKIt rORKCAST Chlrajro. Tob. 2 Illinois Iowa and WU cnnMn rart rloudy unci colder tonight and Tuesday Missouri and Kniifaa Cloud v and unpttled tonight and Tuesday Minnesota, North nnd .South Dakota nnd MontHn i Utn prallv fair tonight and Tucsdav, Nebraska Hnd. Wyoming Cloudy and cotder tonight. Tuesday probably fair ADVANCE IN COTTON IS NOT MAINTAINED Market Quiet AH Day Trade Buying Induces Firmness in Late Months CIiir.iRO. Feb. 2. The com lnar Kel wns unsettled toda . but trading a not ritousivc und lendiThliin a lacking. Acute depression in foreign exchange mid a H'tlmcK in tlie cash ar ticle disdiuraged bulU. Commission houses furnished support on breiiKs, but pressure vn.i emounlcrcd on rallies. A, cold wave was piedided for the West. suggesting n further hindrance of the nioonvnt. (i)Miti elnuitnm weie snid In lie full of ioi n. bill l.i fk of (ins and ino tie power is Keeping grain iiwii from I terminal point-.. I' cam that the area to lie devoted to grain this jear will b" cut b senrcitj of labor and dissatisfaction among farmci.s oer their proiits lontiuued to liinc an effect on seiitiment. Oats turned heavy after displaving iiriiiuc.'.s ca.dv. The nmiKrt showed no cotton nr.r.T wnATHEn conditions Nim York, Tob 2 Tho follow Ins tem rcr.vtures wero recorded In the t otton btt ihls mornlnar: Macon. Knoxvllle and u ffiMtt. 3J; rhattnnooffa Atlanta and Charleston, 42, T.lttlo Hock. 41: 1'ort Hmlth, Meinnhln Montgomery, Thomnavlln and Haxinnah, 46, Oklnhoma City, TVnaa tola nnd Rferldlati, 48; Abllpnr. Shrevp port and Vlcksbure r0; Nw Orl'-ans. r4: (lalvefton fill. Man Antonio and Corom rhrlstl. BS. nnd Tanirn. 110. ThTe waa 1 fl 04 Inches of precipitation of Jackson ville. Now York, Feb. !2 The cotton mai -Ket wns comparatively quiet todaj. The rall.v from the early decllue carried the netive months nbout t to 1!S points net higher with late months relnthely linn on bujing by trade interests. Tlii, advnnce was not fully main taii'td, but the market was generally steady around midday nud thcie was some tocring by people who had hold eail) on talk of an easier spot basis, owing to the abmiee of helling presui from that quarter. The leo-ipts of cotton nt the ports for the da.v wero estimated at -1.000 1 l'8 'A !- 'A V VA A "A a " 'A I '"a 1H 'A n A i.ri.iucss rn. r,. i i.e mm k i s . , , ,.omprpi wiln 27 -,so balcN la.t snap. The I.as was sell r. .u . lot k , J,, nR , , , longs liquidated bemuse of icsjIcs nt -.,, ,, ' . . .. , cash onts by eastern (.xpoitcrs in the Todays loo m .ji. Hills dlscojnted securi"d bv covt. war uhllrnt li $1 457 StJ SI "f-d "14s Ml other . . . 7HI 4i" 7I7 110 Bl In bouslit in on'n ...... .. ., uidrltet .. . run.. in r.7- 70 Htreet. City of N-w 1n. J 'd t-tato or New .,., forc,ii:u ,,x. . . - . " . . . . .. . . i ... 9 1'. ' ). . luutuai consent i oi 'ni it' tjjjf ut tw tuary. lu.u n"BErtT V ritKOAR VbBlKl' L urit UI1.LIAM AI.D N rltATT THOMAh NLUIIAI.l. FHBPKRIK SKAURAVB. nADCLirrU ItlBblON. Jr. rDAVARD II. fMlTH A COMPANY Nolle la hereb tlien that tho under Imed ho formed a cnpartierjhlp In pur malice of tho Uws of tho stale of Pennsyl vania to carr on buflntts undr tho firm narao of Kdivard II. hmlth 4 Company t No. Kit Chestnut Street Philadelphia Pennarlvania. and 10 Pino Hir-et. ' Itv .of New York, fitat of New lork. and else where, tho partnori in wh . h nnn are Jtibort P. Ore;. Albert L smith. Um lied, and Albert I. smth nral Had cllffo Cheaton. Jr harl's S rheaion and Albert It. Marrkwaid The ;ald lirni will tarry on tho busmesa heretofore toncluolejl l.y tho former firm of i;dril II. Mnllli 4 Campuny. of Phll'lphU und New iork, which fi. brnMi rMnKn Al.BBKT 1. SMITH M , iiADi-UFrn iii.s rpN Jn A I.BERT II JUrtCKWAI.D Tabruary 1st 1920 clinii'' innrKet slumped to further new low record J'uels or sterling lrnncs. llelgian franc and lire, sight drafts on London dropping below $'.',. 17. Lire sold ver (lo-e in 10 lire to the dollar. Financial Briefs iitT.Fnsmi nissoi.CTlON Notice la hereby 1en that lliirw J. Luets and Milton A lllldenbranit en -rea Total bills on h.md 12.730. 70 $2 720 247 U. S Govt bonds. $.'7.U1il J27. flirt 17. ?. victory notes i o-t LT S certificates of Indebtedness . . 27(1 121 27fl.7- Total other aeacta rarnln: 53.0.10 I'll $3.03.1 112 Hank premie- rncolli led items (d- du led from ariie de- poaitbl riv Vki em redemption tnnd acilnht r XI bank noira All other reFources JI0 1ST JIO.40J 933 12S 1 0.-2 033 l IVESTOCK QUOTATIONS ,.., .-., . UOl-.h Il'CflptB IS Of") heaJ lllsl)i I'u'l' IIS I.1 h.a .11 ! '" . !"!" . '''.'."-, mV; ernootll . "A"? v?. '...",'.;,v ;;us' .ou.iir ,u 4MVI 1-1 tin if. Iilfrt 11 11(1 IOP. ch, ir, .(O nifJiuui u in i-. ir.'it iri . iwm ii".v , . .noblntf HOV J. : utntr bows. .uUbH. li WVak 14 P JlliMI nr.nnnuA imnium ji u i. ... .-.. - . .. ,dnnre Vn-J-.wi.j-o .oUe. Jfi 7-.fl : i '-"U I and ciiD-re r. I0rl0 '5- "S'l" . '.lock 8T10 f.O f'.dr aleers. JSWl-.i. "-u' Ffi!.:. .iVe, .....000 H,ad I-. 17 7:. .)(- in.dium uooil and ewil i. .1" rahe S117r.ifii7 fni-dc r sl).er,". JK 2,-ifi 13. stucker hteera ?)'. "Offi 111 10 sHCni' K'c. ipt, bono hciii lowir I'tcdre htiidv 1 (tube I7 2r, n .0 . ), tulN and . onm i.n Jl J ."ij(tl 17 Mt wnrllrK withers 5 1 -'.-) 71 s , eivex, ,$li I0 4V1J T.1: culls nii.l lornmnn $." 2r.$MI 2.'). liDt.llnu ov.o SiSfi u 2.-i. fctdtr Unil), $l."i .'.iMf IS 21 Ve-t. Tlie absoiptivc power v .is not B00''. . . . .. , , llic export munition is uusaiisiiicior. b'iliui. of innbilit.v to get the grain to the senboaid and the bad position of foreign cm hange. The in-di articlo was easier. Receipts reniaiued light. laaillnj futurea ranireu ua ioii))a t'orn mew- a-uuryj tlnpll 1 12', , 1 311 1 ,12' rel .Mhi July Oati. Mny Julv IOl k May . I-utd May . . Julv nibs May 20 I" Jul . 20 SO tAuktd nub I 41'? 1 32'. M1. 7'i Sit l.nw Clnao (lopo i i .).. l i. l "i. i i-.Bl 1 ,-- i ) ) l-H 1 .l.'Si sT, 5 3s.: :i li :.i sr. 23 S7 2 I 01 jn ,-,n jo so 20 in 20 lo 1 .1.- itl.4l 1 .l.'H . . si i t-l.',. 22 70 tjl .", 21 l: 21 1)0 20 in L'li.'J 20 10 20 1)0 jrn 341 12 llll r is.: jiis; i JIM ami common Ji V i -rt. ceipte The neraie nriee of twenty active industrial toeks drclintd O.I'.fl per cent on Saturda. to lli;ivj. wnile ivveiuj railro.idi. advanced 0.00 per tent to 7I.GS. The New York SublreaPUl.v lost siTfinon in tlie banks, on Saturday. making n ciikIi uet lo ulncc 1'riday of .fOJT.OOO. I'anl P. Howe, formerly witli Iec. lligginson & fo.. has become asso ciated with lira ham. Parsons & Co. New Jersey Zinc Co. reports for De cember .11. 1010, qu.uter surplus after charges and taxes .V',f,7."i,-lll!. equal to R7.01 a chare (l(m pari on .vio.mm.- Total re-ourres Jfl 074.41 btAIllhlTIKH Camtal paid In . W . Surplus tjOt depoeltH Due to memoera ir eere account .... l.eiO Deferred availability II. mn . . . . . 720.820 Other ill noils Incl for Eovt .redlta . . 9.1 IIS 12D 120 72 'J7 I 712 11 171.747 JR7 SS'l 120 12H 00 148 1 S.11 140 70.1 7S2 05.007 SI0.47O PR hJ?eio(o7a traded a HUd.nbrand Brother. L and havi. by mutual consent dlasolvcd part ' ,f)iln. . . . -. I.uru Oliu .....v"... - - "---.. man 1.1.11 II ) in'5 tSfnSS.",? Trad." ayillldenbrand'0(11) capital fctork. l.gaillKt S2..".i:i.O0!), or Wrother. 1ijnse.uccrre.cld A . I Vj.riW II I Kl"- SO 01 n ' Total irroea depoeita , 2.730. . rederal neeervo note .,.. . .,..,.,. In actual rlnulntlrn . 2.S30HII .'.S11.2-. 1'ederal Ilea binU notes In . Irrulution net Ha- ,., ..,.,, l,ilHj 2 iO f)3'l 2jl SI3 All dttfr liabillllea in- .ludme forelsn soit .,.,, . .0 iredlln . .. 2.1 31.' -'4 402 Total liabilities . JO, 071 112 JU.17 Ration of total reserves lo net deposit and P. rt ,,ote liabilities com blned Ratio of rold reserves to Y It notea in elr eulotlon after eettlne; dde .t'. per cent mtalnst net deposit liabilities 11 51 SO a 747 1 II". brand ajifl W. Theodore lllldrnbranil. who share. In December, 101R, qunr- -iifrlii .n -in 13 J-) mil ter. Frank JNIdenbrand '.".'."... 1 . A md'W. Tiwodoro Hliaenorana ii Ti i li 5ra havt bean umed bv and all bine Sua to A Frank Hlldenbrand and W Then lSri Hiliienbrand ae copartners ars rfyabla V Ilarr J. I'Uts and Milton At Hllden br'andT tradlnr an Hlldenbrand TJrothers. W VilftODORK HU.nBNIIItANP M5'" lixRVEY J. LUTZ, J IiiAton a HiwiBvnitANn Vi.lMx Ma HII.DKNURANO IinOTIII.II Pr1s and Cumberland Pts. . Philadelphia f KP DISSOLUTION -OT.C&-NOTICIJ IS W . hereby. lven that M. Wind und M $k 'IKSit ".i' dissolved Parlnerilnp Win "J.nuary. 7. 120 a.i hP-"nhn" ""n'"1 mt'v ..,D!."",r,r. . "j....mwH Reserve Banks' Discount Hates The hrst column Rives rate for nil periods up to nnd .including a fifteen day maturity, the second for a period of eixteeu to ninety days. T'jp third and fourth columns give the rates for din counts for collateial loans becured by government bonds or notes. Com I paper is to oo 15 daa .lR U aiimsr Tlnalnri N1V To.k a Phlladelp.iln '; llu hmonil i ,eM-land !' A'lauln 't Chicago . ' Pt laul J'i Mlnneapclla J ' Kansas fit' J. Rale, on outstandlnc rertincalea of in debtedness con'lnue unchanged at i per cent. II II '" 41. II 44 44 ( D Govt paper 1H to no IS days days S't .Vf ".li i-.v5 'riU 4", l4 4-j 4i 4' 1'a 5 4', l, .v., r, H ."V 1 HURT BY EXPLOSIVE HOSIERY I i nAllr D))T7leH nt Dneer py. planatlon for Injuries Vienna. Tcb 'J (Hy A. 1'.) Police officinls of this dty arc confronted with the question as to whether stock ings muy be explosive. A man was seriously injured, a bubv bruised and a house badlj damaged heie ..nilr The injured man told the I police 'that while uhout the Iioiim' in IliH blOCMUgCIl l"" " "H iiiiiihhii u j"hted cigarette on the floor and when he tried t" slninii out the tire one stocking exploded lie said he found Ihe stni king-" in n neighboring village nnd that liia wife Iiad icpaired them. The iitltlloriiKH nave u tnrury iimi .. . i.. i-. " i . it in I'aisi r-i. inue, i -. - . .--.-,. ... ,.--(, 17(10 head rfleuij '""' ' . .i, ,-. in I LIZ... tu -. U7 -. in medium wris'Ut, SI.) till ', 7n iiehi Jir. .-.wir, su iieiit iiKbts J (115 10 Vivv pa WllB I-0"'".'.'!"', tl'l 7-i1l 2'. lurlilns- ous rouv.li ?l I - Vn3 , f'nd He. ' ateirs uie,-i,ini and helm h 7 and iirlnie $11 "-.11 111 ined um and Bood 511 tSlT'iO i.nnion 1W171 llsht eocKl .nil choir. tl2 -.('"I l'l 2.-1. lommon ami medium n ,-.s) U J' bun her cattle hi Iters ' M-. cnu 17 7VM130 lannern and 1 ul trrV r.!'(i"'7-n 'eal .alve. IlKht and hand r.B'n lt1,-".7Jin'1.',; Kl'r" M,-nilj n.i'k.r sticre J7V1" ;" PIlI:r.P ll.i-elpln 21.011 he id Ueak To...),. 117 T,'n J "1. CUUJ im 'iMllui-"' 11.11 17 - n-rlllil wether III ewes, medium ind choUe 1.' and common, KiJO. Kast Iltirtill'i N. I.. Peb 2 ATTI.K neV?lpt. W.!!l. bead Ilea VJ , '" ?$ era etcadv Prime elcera V'"tnAVi ihlonliiK Slrrrh I1314. butchers tOWM. CeirHnfs JI Ml", heifers. Jiif" 14 butrliers ? lltOll. heifers. lflill criwa MoOWlOSf I llills IsffU M. slockera and feeders IH10.Si: fresh cos ana sprlniter- HP. a lfs J" "sl' lR,,n hl: head Ilea- win 40. Ilht do and pigs iiiiw in . 1 loiieh" S1IW14 2.-. lJ ,"1'', '' SHK1;1' A1J li,iIli.T-ii""l"n; heid I.anihs SI loner ii ic- lower Ifciiube 111 13 v.lhers in 1 1 1100 otherH steady to f 12W 20 no iarllnas 1 1 4 1 4 SO ewes. "13 mined rbeep J13B13 7IV. P tt.burclt. r.b 3 'AlJtX-lleo nip' 1000 head lratvr. Hleers. 1ft l la M hnlf ere. llrl2 tuwa J 0On 0 rahea .1.. iflpto 000 head Lower Ten I.. lioas Reielpta T.'iOO head HlaU r Heavies. Ill 738!.l on. heavy yorkera, llulit Site 'l?rfe'P.s. 1.00 New York Metal Market New lork, V"t 2 Copper bpot of. fered lO'vc r-biuari and March oflereil, 10'4C, April olferel llic Market quiet. I.eid fipot Pi bruarv .mil March. Hi4'fiNr .Market oulit l-p Iter, l"ai.t HI Ioula -pot and Pebruar s liO'irn.O.'Vc. Mart,b. S H2', (!?fi 02'ii. prll May and Junu b S3 m Pc. MarUit pi CHICAGO BUTTER AND EGGS (lllrusn, 1 cb .' nL'TTUIl llUliir. Cr.iimerv ilnfill'j. i:iHih- Iawnr llnelpts. 111 3113 1 i.. Pirsts. sj'-i UtMi ordinary llroii IJiiSOc. at inirlv La8e iniiud'd ."ViKifflJc. 'CHRIST OR CHAOS WHICH?' Rev. J. S. McGaw Preaches Dangss of Radicalism In America I "Pin 1st or ilmo which is America to accept?" That wa-- the ipiihtiou put by the llcv. .1 S. Mcliavv. In Id secrctur. of the ! Naliiiunl Id fin 111 Association, to the I I'resbvleriiin MiuiMi'iiul Association in tlie W itln rspnnii llnilding todaj. Tiiis i-. tlie p-- 1 liological inoineiit when America must 1 house, the speaker said. "Tin ic are no t'hristiau an nichists, no Clui-iian bolshevists," he maintained. ' The disturbers of the nation toda aie figliting Christianity. I'russin is -still ti.lng to cairy her iiagan political philosophy to all. Todio America is ousidered u Christian na tion. I'.ut Ihe greatest b..ttle of the time is for the 1 onsen ation of national Christiauitj. "We must teaih the Itihle and religion in the schools if we Mant to prevent bolsheiMii ninl anaiehy." GERMAN CULPRiTS NAMED 7 311.) 111111 11 p. l.i sn head, bteadi $21 l-op sheep, 111 2.1. top lambs IKKin- 11. Hulk III S" Kansas Hj Mo.. ,Pef, . ... 1 1 nnn tiA.ii Mia he .ill -. In ni 111 wirfll 10 iniillum IMh. HI -1 Hi I'Bhi i,,n-nr' " 1'ics'nit ,, xi8'inli pus ll.iwin ' CATT ' K-llec.pts' 21.W10 lie., I IleV I. f ateers choice and prime I4 7.fl 7a. ii.V .i VA,,i tit Knftll ?. toinmon .11 III 1 lILI'llllllll Hi"-. bw-. T . . -- - :.. IAI1. the man was" keeping in bis room c I 1' ""m'mWV I "u nlosive he had stolen fiom a munitions . f,ut.her rattle helfera I71.1 ,w. 1 l'l Tti tmMl'Jt Llltll" -.----. -1 .--- - --. lactory List of Those Whose Extradition Allies Demand Completed l-aris. l-'cb. '2. (Ily A. 1'. I The list of Herman silbjects whose extradi tion is demanded b, the Allies was imnll.N upprovtd bv the council of am li.issadois today. The council also ap proved the teinis of the note to iiccoin puny the list. The list and the note probablv wilt be handed to Imrou an Iiersiier, head f the tierman peace delegation, as soon s the covering letter has becu framed. BANK LOANS INCREASE Reserve Position of Local Institu tions at a Low Level I'xiess 1 r--.cn e f . ",0 I'hiladelplua dealing House institutions wan re duced ,:S,."J,IKM last week, bavuig a sui plus ocr legal rcipurenituts of only !.-jS4.nOO. Thih resulted largel.v because of the lediictiou of $4. l."O,UO0 in the leservc nrconnt in the Heder.il Hc-cive Ibiuk Liiiliillties, on the otlier hand, were materidll cut down. In Ihe contraction of $i:;.Mi2,0()0 in indhidiinl depovits und n diop of tl.lLHJ.oii(i in luuk de pusitb. l.o.ins and di-iounts were in cniiKd ?l,i;ii.",(MJ0, wliii'h would super fu'inll.v indiiate tlie local institutions weie again heiiw boi lowers at the federal Itci-ervc I'.ink. Details follow : am, ,Mi:.Miu:ns Pet) . '20 Im reie Loans . , S7!in..l4b.ll(U Jt.Jli.l.llOO i;iliK9 rir nouiie -ji.i.ii nun .1 iijs.uno Due from banks lis 11 10 Olio llink ileposlta , . i:m,il73,O0ll lndlv deposits . 'II' 17C 000 rima deposits . . S 177 IHlll Ile ullh 1' II n t legal depu-llinirs ."J IJ7 001 dish In vaulls 12 t'10 oun 1nt.il reserve lirll '. I iril.on.l Hi tcrve inquired -.2.7117 I1O11 lliicsa risen r,s1.000 MK.MUKRa m:si:itvi: sisn:.M Rescrwi held . . . t lll.7-.-i nOO lj-.j 01I1. Kxceaa retervo . s.itniii i asu.uuo TRUST COMPANIHS NOT MIIMUPJIS hi:si;rvi; svsru.M Reservo held . . J3,riiin.nno Jlso.ilOO i:icss reaena . 170 nno 21'1 OOo Increase tu addition lo the dcrmalta above there were ibis week t.'l slij (1O11 enverunienl dc posits ncalnst which no reserve Is rcuulrid IDENTIFY 4 DROWNED MEN Bodies Washed Up on Jekyl Island Those of Wrecked Sailors Saannab, tiu., Peb. li. Four of five bodies unfiled up on .Hk)l Island, near here, yesterdav, with wreckage from an unidentified craft were ideutl. fied today as those of members of the crew of n lug, brllocd to have been the ocean going tug 1'ortiine, which carried a 1 lew of fiom fourteen to twenty men. Those identil'ml were Jacob Colum bus, chief engineer, il.'il I'ortv seventh street, Iliookljn; William MiCaithj, assistant engineer. New York city j Asa Jaiv-en. DanJ-di, with n passport fiom Cardiff, und Ilniil V, l'urn, Danish, witli a Danish passport. MONEY-LENDING RATES NKW YOHIv Moue.v ou call opened toda at 11 per ccut for lending aud renewing. , With the exception of a few transac tions nt 0 per cent, there is nothing in tlie tiine-mone market nt present wor thy of note, ljven more tonsenatisni lliiin proiously is now shown by bank ers. Mercantile paper continues "dow. There is m'ij little iniiili.v bv local bankers. The minimum dieiniuit llguic is li per cent and from tiul late up to OK per tent rules, ou prime paper. Quotations aie nomiiiall.v unchanged it IVjf'J'i Pt "eiit for prime bill:-.. I'IIIIiAIMCLPIIIA Call, (i per cent time, It per tent; commercial paper three to sl mouths, (1 per cent. LONDON--Mone.v is ciiotcd nt .".K. per cent. DNioiutt rute. -hint bill-.". 47s per rent; tin 00 montlu' bills, ,"ia pi r tent. BANK CLEARINGS Hank tliMriups tiH compared wall cor responding djv last two Tcsrii 1P2I) 1011. luljV Phlll ,7l..'i'l4,.-il1 -'0 2SII 47" J-.7 12- Il.T ciikaso iit.osii.7si m :m.i nnn . .. . Halto 17. 1411. 1. Mi 1.1 1.1 -..211 J X, V 727. S7I P2 1 701,1110,11011 . ,, Boston, -i,.in-.,SSll 43 IDS 170 ... , .St. .mils 3S 227.S1I0 .11 IT7.S11 .March .May .lilh October 30 llll 34.02 .11 S". 211.32 .111 0" .14 10 31.no 211. 00 3.-. IIS 33 117 .81 .11.02 .11 SI 25.30 34 07 3I.IIO 2! 3S BAR SILVER Connneiciiil bar silver was 1 1 higher vSJJIJ1 ill the New York market todn.v'at 51.31 7; iimi ; an 011111c 111 London, l!ii' met w,l ,S1")(I. up .)il. Liverpool Cotton Liverpool. IV.b. ". There Mns only a limited request for spot cotton today with prices easier on the basis of u de cline of I'.." Doints for middling at '-'T.'.MJd. The sales were fiOOO bales. The lece'ipls were 71.000 bales, in cluding 00,100 baits American. I'll tures were quiet in the early dealings. Spot prices weie: Ameiican, middling fair, ;ri.::iiil : good middling, ."(l.lld; fully middling. 131.1 Id: middling. UT.SOtI ; low niiddling, 'J.'i.r.ld: good ordinary, 22.M!d ; ordinary, -l.JH'nl. STERLING AT NEW LOW British Pound Quoted at $3.46 h in Market for Foreign Exchange New York. Feb. i!. Another low rec ord for the Hrltish pound sterling whs made todaj wheu it opened nt J3.4S, or one cent below the previous low 1 cached twice last week. Later steiling dropped to ?". 17'. Trench franc and Italian Hies al-n made new low records at 1M..TT and 1"i.f7 to the dollar, respectively. Mnik weie quoted at 1.0S cents and lfelgltin fin ncs. at l.'l. 110 to the dollar. In the earl aftornoou, new low iccords for nil times were cMiiblPdicd iu the allied CNchiiuges. Sterling fell to ::.4(i.. for demaud and !!.47si for cables": lue tables fell to 1. ".!'"' nud tliciks to 1.1.H7 und franc cables de cllncd to i:;..-:t and cbet'is to 1.".h.j. Marks sold at 1.17. The mai ket continues to chow wide variations in quotations in early trad ing b the various Innkers In one tae there i-. a viiiiiince of 1(1 seutlines 111 the late for nelghm--, and quotations for marks were . points apait. Kurlv quotations weie: Demand sterling, .'i.in,, cablffl "..."l)''. ; franc cables. i:!.i!4 chetks l.'i."(!; lire cables l.(.U.", cheeks 1."i.(ii i Swiss cablei .".7I. cheiks fi.TII ; guilder tallica ;177's. hecks :7')i ; pesetas cap es 1S.05, cliecks IT.'.IO; Ktot liliolm cables 10.no. rlieeks UI.K."); Christiania cab e 17.(111, checks 17.4."): Copenhagen cab es 1(10(1, checks, in.sri; llelginn cables l."..l.", 1 hecks "." marks, 1.120; Aus Irign kronen, .!!(!, I I III 00) i,n hud 1 112 no') SMI OHO 3 .'i7''i 000 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiy NEW JERSEY MUNICIPAL BONDS Exempt from all Federal Income Taxe3 Tax Exempt in the State of New Jersey 5 Essex County Court House 4s, Aug. 1, 1938-4G 4.55 Essex County Bridge 4b, June 1, 1921 4.60?o f City of Trenton School rcg. S'jB, Nov. 1, 1929 4.607c 5 Bergen County Building 4'2S, May Middlesex County Bridge 4'js, Jan. City of Paterson Renewal 4'2s, July 1, 1937 4.65 Borough of Glen Ridge Sch. 4'2s, Dec. 1, 1937-40 4.65 Town of Wcstfleld Sewer 4s, April 1, 1939 4.65 1,1925 4.05 1, 1928-34 4.65 All of these bonds are a legal investment for Savings Banks and Trust Funds in New Jersey 1 EkDRjBB.G and Company I 4?EVBhr!WAXIy 3XRBET "NEW "YORK. Huuiiiillillilllllilllllllllllliiiliuilllillllllllllillllllllllllllllllllllllllllllllilliilliillir; Altrneya-ln-fct. h nSVf 'JUT V VrirJl3j! TZEZT Pmj2i
Significant historical Pennsylvania newspapers