mr-ifa
T,1!H,, wTOX-J-ftW, 4, Ajyil-WJJIIJ
?-' r iniwTLir!'
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...
EVENKI PUBLIC LlSDGEK- PHILADELPHIA, SPHUKSDAY, FEBRUARY 5, 1920
i
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATION
iV
f& i
V:
.yfl
Business
Men
Seeking new capital for a
going concern or desiring
to buy, sell or to effect u
merger will find our Busi
ness Trading Department
prepared to render an un
usually valuable sorvicc.
We uro in constant touch
with industrial activities
and we havo in our riles at
tho present tiihe inquiries
both for the purchase and
for the sale of established
industrials.
Business Trading
Department
Elkins, Morris & Co.
7ui)cs(mrnf Bankers
Land Title Bldg, Pliila.
PRICES YIELDED AFTER
SHOWING MORE RESISTANCE
Advance in Call Money Rale to 20 Per Cent Started Fresh
Liquidation in Afternoon
1871
1920
CAPITAL$50oobo.Oaft
U SURPLUS (EARNED) W
11 S2T000;000.00 Jl
,V,jixth&SprtngG3rden
cw oil(, 1'cb 5 'I here -was little
evidence of the dctnornlizitinn which
prevailed vestcrdiiv whin the market
oprm.il this morning IN up movements
at the outset and during the morning,
hs lnturnllv would ho cpcctcd, after
the recent violent shuKe down of MXinit
Millies weie feverish and utireitaili,
The Koueral temper of the market
illiovvcvcr ss di-.tinetl enluier. withu
i piotiomipid eontraetioii in the volume
of dealings
As is UMialh witnessed m the after
math of nil Molent tluctuutioiis weal?
tpots ebulopcel in scattering parts of
the list, us a result of belated selline
orders iiud the natural adjustment of
Speculative aciounts nit iikntnl t" all
shaip uii.al. Iupsp toft spots were,
as a rule, confined to the less pioim
i(,t .tiiihno nnmnMLinn lnrnnK I 111
' favorites of the lissoi pools and dlqui s
All udvues Lonecruiug the foreign i
change and domestic monev situation,
both from abroad and at home, were
studied with a great dell of cue. The
rou-ensus nf opinio1, was thit .1 nine
ture ma .ippi niiihing or had alrcadv
been iPieheil, uhcie some iadu.il and
effective leph must be taken before the
existing high tension michis nioie dm
gerous proportions
"While t ill highlj uncertain tin ex
eluingp lmrkpt like the stock market
dew loped 11 cilmer nspci t 'iheie was
subbtintial uillies 111 the principal
excluugo ntes. At the Mime tune,
overnight adices showed ninm of the
idistutbing reports eireulated vesteidij
were ovcrdiawn, if not exapgirated
istn uuous efforts -ire upparuitlj being
made at both London and l'uris jointlj
b government and powerful financial
j interests, to find wnvs and means
1 tow ird restoring a pirtial crpnlibuum
of the intei national monetary fcituntiou.
I The .street was full of .ill ktuds of
1 stories about (hauges 111 the monev Mt-
uition Reports -were current that 11
I conference ot bankcis w.i held list
1 night, but some of thop who should
I know said that no dehuttc results weie
I reached at this confercnu.. In tho
49 YEARS
of continuous
conservative banking
experience.
Check, ,
Saving Fund,
Trust,
Safe Deposit
and
Foreign Exchansc
Departments
At Your Service
meantime there were further heavy call
ing of loans reported, while the re
newal call rntc was fixed ut 17 per
cent (oinparcd with the 11 per cent
opening rate jestcrdav, and .1 -." per
cent rate commanded nt the close. It
was understood further heavj with
drawals would be made by the govern
ment todaj, which, however, it wus
stated, would not be quite so heavy as
vestertluv's withdrawals, which uggrc
gatid approximately $50,000,000.
A few high-priced industrials, partic
liuh Crucible Stcl, General Electric
and Industrial Alcohol, were 1 to
points higher nt the opening, but in
general the market continued to reflect
recent depressing Influences on what
uiav be called a moderate form.
Material recoveries were recorded In
the fust hour by most of the uctlvc
le.ideis on short cohering. This was
balanced by renewed Eclllng among
spenalties, where lower records for the
movement were made. Shipping issues
manifested especial veukuc-H with the
coppcis Leather and kindred shares.
iuil low grade oils continued to decline,
Columbia Ginpophouc and -Middle
States Oils being the more conspicuous
weak spots
'Irailuv became cr quiet during the
nudscssion, when further irregularis of
pines oreuned roreigu exchange con
cations weie unaltered, rallies of tin
moiuuij being generally maintained.
Monev ontmucd to harden both for call
loans and lommcrcial paper.
'I he monev situation again became the
dnniiii iti'ig infiuen"c later iu the aftci
noon, mil after call money moved up
to 12(1 pi 1 tent, there was renewul of
liquid UTng prt.-f.urc, especially for tin.
so called western account. This selling
was iffeetive in lanjing piue.s down
to the lowest figures readied so far on
this, niowment, and 1 number of stocks
of recent creation sold nt new low
records A few uninipoitiint rallies
attonileel the final dealings, which was
offset b the weikness of I'liitid fcjtutcs
Stiel, whiih. for the first time since last
sumnicr, jicTded under par.
STOCKS DISPLAYED
Philadelphia Stocks
MORERESISTANCEj
Extremely High Rates for Time
and Call Money Chilling '
Influence
SENTIMENTIMPROVED
Net
,, , lllj'h Low Clo-o chK
.1A1 Ins w lis 0r,s tPs-f "i
liViAni btrs ,WS ?,SU, :tsy. 1
." do picf ) 021.. 02V$ 'i
7 Am Gas. fit 51 til ..
10 Bd L pflul 100 101 9.
10 Hull .1 G 17 47 17 2
2." Cim Ir . 09U. 30' . 30y. 1
HOsKlcc St. 121 IIS 120"
100 Gen Asp. !)S' Ob'-j 9SV& OVi
10 do pref.137 137 137 55
07 TON A. 35i 35 35..
uOir, Lk Su Cp 18'i 17H IS
1 II Leh Xav G2". 02't 02Vi V.
0.1 i.ea val. il''!. -l'j vi ..
1G'8 1(3 1G yt
Service and Stability
I
There Are Some
Business Men
ve are waitinc; for to ren
der them a helpful bank
ing service.
They arc in the neighbor
hood, and it would only
take a matter of a few
minutes to talk it over
with us.
Aik tho people who bank
hero whether vr- satisfy
them or not.
Integrity
Trust Company
Fourth and Grccri 'Streets
Capital $800,000
Surplus & Profit . . .$1,660,000
City
of Phila.
Bonds
1948 ana 1949
4V2
Price on Application
CLAYTON T. BANKS
ilil Chcfclnut Street
Correspondent
Guaranty
Trust Company
of New York
Lombard 1G91-11390 'Main 4o8
LIBERTY BONDS
All Issues
Bought and Sold
$50 $100 $500 $1000
Qaaham, Parsws &Q&
, 435 Chestnut Street
Philadelphia
cw nrl. Feb fi The New York
Eenin? Sun's closing financial review
I todiv s.u s .
I Although the stock li-t in today s
.securities muLet enjoved 1111 mtenul
I of ftiength 111 the m eoml hour of the
sissiot, und .it vinous times showed
resistance to prossuie .ind power ot iu
sorption sussestinK that the most violent
phase of the decline v.i past, it va
nevertheless inevitiblc th.it luidJtion
should still be much iu evidence and
provide the dominating note.
The reason of this vuis the extremely
high rates prevailing for demand and
tixed date funds, the former renew iug
at the highest Mgure in veais nt 17 per.
cent, with fn-h ne ominodation being
made at mid dav at IS per cent and
later at 20 per cent As high as 10
per cent was bid for loans at thirtv
days, and 8 and ') per tent for hmgei
dates according to the natuie of the
collateral.
The govirnment made fuitKr with
drawals from th banks ind todiv s
operations of thnt sort will probibh
end the imminent for the present hut
even to the prospect foi anything like
teal eii'e in money is ilubious at lust
While rates foi thp hading foreign
e-c hinges wpip mateiiallv above the
lowest quoted in vesterdaj's mirkct,
thev viere unstuble not to sav .erratic
ind somewhat li -s di gree. A rather
jj better felling with respect to the outlook
lor me near wncu 11 ionifa ui 111 iu
enite on Mondiv Washington wnes
having it that the two parties h id agreed
to its introduction on that diy and
well grounded hopi that net week
would sPl j j, adjustment of differences
between the conferees on the rnlroad
bilk helned In u measuic to impiovc
sentiment m the htrcct, but the money
and (xehnncc Kituatiou was still too
potnnt a torcc to permit of con-istcnt
support in stock prices
I'm pj. were unsettled at the opening,
but after the firt few minutiv ind for
tin remainder of the first bom covering
I pi - itions created 11 firm tone which
elivelopiil into considerabli- strength.
II movement wus headed off how -.1
1 it the announeetnent f the un
'iuillv high call renew il rate and the
tutther lelvance which followed
At noon net chunges were slight, and
in thp first half of the afternoon losses
broadened as selling prts-ure increased.
Lnited states Meel hovered rluely
uro inel nar und els-ewhere in the in
dustrial list recessions ranged ftom 1
to 2 point- umong the modpnitelv priced
issues und .ri and 0 points en- more
among the higher pin id sppulatic
share- like General Motors Mexicin
Petroleum and so on
Price movements of the liter after
noon wrn mixed. Some iues dis-
pidvpel a firmer tendency, while others
eontin led to recede-. United States Steel
vient hi low par for the tirst time since
lnsi Auiust touching tiO1.. Liberty
Bonds were under some pressure, hut
Lhauget. m general were narrow.
Manufacturing Profits Smaller
Manufacturing profits of the Nilcs-Bement-Pond
Co for the year ended
Deeeniber 1 1010, amounted to 1.
S97.C61. 1 fiUmB- off of S3 !J.".,110
from the preceding year Miscellaneous
income of $fjo2,2fc."i vwis added to that
amount, bringing thp total to " Ml)
046, or 53 750 77." le's than in 101S
Expense? taxes Pte aggregitee ?'.
269,322. a dcelinc of .$2,810, 1CU from
the year before
Vet profits realized in the jcar were
?2 250,624, equivalent after the pay
ment of preferred dividends, to $.'" 64
a sharp, pai $100, earned on the RS -100
000 common stock, eompareel with
531 818,0"J3, or S'itl ' a share in tho
previous year HoldeiB of the stock
shared $0C0 S51 in dividend disburse
ments, leaving a $1 310,77.5 surplus, a
decrease of $C0.'!.4&6 from 1018.
Sandford O. Ftherington was elected
a dliector of the company, succeeding
the late S. D. Fitton. Other retiring
directors were re-elected.
10 tMidvale,
25 Pa Cent
Light pf 12 .
006 Pa UK. 11 Vj
7 I'ii Salt . 76
lO&Phila Co
emu pf ."'7S
102 Phil i;iec 2"i,
JO 1' U T tc 2.1' ,
10S do trefs 2.;t"
HOfn Tract 31 "
67S UGI.. .".,!
ii-o tU S Stl.101 "
13 West C. 71
12".
11 VI
70
3.1 -4
121,.
41 ".
715 .
li.
11 's
oft
2-i '..
22' ,
34
T.2U,
',i, u.
:i
5'."'.-li',
lOOb lOOVi Vj
1 1-1 1
NEW YORK STOCK EXCHANGE TRANSACTIONS
81rs
400
1200
S00
1100
500
00
4400
linn
000
1200
S.70O
200
atoo
200
800
2300
200
800
3000
400
18000
soo
3000
200
7000
200
conn
2000
300
100
4;oo
too
2100
3400
1000
200
8J0O
1200
J5AIW
too
090
rojo
.JOO
400
too
2000
40on
100
0O
J100
200
1 snt cnjnw mMo bv compirlfon with last
ealo on New rork Stock Hxchancc
??in "ONUS
SIJCC, , lllch lw
O Am das iV
Elec- 5s . . SO Rel
S Leh Val (Ss.lOO 100
t
ClUiTC
fi do gen 4s . 71fc 7J1
2 Lib Bonds
P0 ..
100 14
71 -is
lth iv.s. Rn 02 sn o so 00 -10
1-10 Nat Piop " ' "
4-6s .... 30 30 30 . .
3 Pa gen 0s. . 80". 80". bOV "j
r I -xlf 1s U0Ts U7 W& -h
til o Phil Elec
1st os . . 03 '4 00
1PU &W Is Ob. OfjU.
.! Kcad gen 4s 10 ft
5 Kead-Jersev
Cent -Is.. SO
00 V.
70's .
80 SO . .
LIVESTOCK QUOTATIONS
. ,"caf L06..'7 1i"?n!'"s 14 0.00
?,e?ry ..l3 "11 n medium S140H 3y
llsht J14&14 40 light liithts mollis
l . f I's-Kiiiir sows nniootn siaian n
ljCTrjns S0W5, rouirh 1-7513 rlr. JU
C'ATTLE Re clots 10 000 head Slcadj
prime J151!? medium and good. Ill 25
t --mtiw-yt cmcTion and medium.
S , ol 25 butcher catltc heifers JO (53
h LOw-Srnl,,.S!11 7f- tfnnera and cut
ten; fi C0t) HI venl calies, Jit) 5018
10et)58teer3 81Jl stocker stcem, 7 25
hllh.br Ileceiptn. 10 000 htad Strone
Lambs J17JO 10 culls and common. Ill
KJ'o?, fwe, me1Jum ffTOd and choice,
110 256 la culln and common to 50SO 75
Div.
'" AJ Hlsh
Adams express ...... 28?i
. . Advanco Rumely .... 30 i
6 Advance Ilumely pf .. 70
0 AJax Ilubber TiH
Alaska Gold Mines .. l?i
. Alaslia-Juneau O M.. 3
.. Allls Chalmers 4lj
Am Aprlo Cliem 8SV4
8 Am Beet Suear 8.1
S Am Bosch Magneto.. .llGt.2
. . Am Can 41)34
7 Am Can pt" ., ooji
13 Am Car & Fay 131&
7 Am Car & Fiiy pf t.110
4 Am Cotton Oil 4014
.80 AmDniBBlBt Syn .... ISJi
C Am Uxprcaa ......... OS V
Am Hide & Leather. . . 23
7 Am Hide ft Leath pf..H0
Am lea 42
a Amlntcrnat Corp ...103
1 Am-La lfYanco Enclne' 14
3 Am Linseed 83
7 Am Linseed pf 00
Am Locomotive 92!
.. Am Malt & Grain .... 33 94
. Am Ship & Commerce lj
Am Smelt & net .... 04
Am Smelt Sco A 81H
8 Am nuff , 105
3 Am Steel Foundries .. 42 &
7 Am Steel Fdrles pf .. 02
7 Am Sugrar Itcf 129
10 Am Sumatra Tob .... SUM
8 Am Tel & Tel 0894
20 Am Tobacco 239
5 Am Tob Sea temp ctfe CO
. Am Writing Taper pf. 49
7 Am Woolen 130J4
7 Am Woolen pf 102
AmZIno Lead & Sm. 1014
4 Anaconda Copper ... 57?4
.. Ann Arbor HIS
Ann Arbor pf 24
Assets Realization ...
At-so Dry Goods ......li0
fi Atch Top St H V Rt
R Atch Top & & r pf.. 78'
7 Atlantlo Coast Line .. 6S4
10 Atl Gulf & W I S S..10I5
Auto Sale? C tern ctfs IK
.tr? - . T A- ICKt;
PlNiladelDliia Elec. 6s. 1922
'Huntington Devel. Gat 6s, 1936
pities Service Corp. (all issues)
iMgCowatfeCo.
m Loud We XHtf, " "
PIUsIhji-eIi. Keh s HOQS Recetnti.
1800 head tap;, Hvles 815 " a t
Scrj8n5i5STo5" "'ht yorkc"
SsHRtP AND LMHS,-nrclDts 500 head
B,f?.df-T0PT?,"P "1 P I'tnta J20
CALl,b rtecelpta 75 hcid Bteady.
Top JJ1
Last UufTnlo, V, v., Feb B CATTLE
KecelptB 123 head Slow Calves Receipts
iOO head Fifty cents lower at 1J1
HOG' Itecelpto J20n head Fifty cento
to i'.c loer Heaw JI5 2115 50. mixed
J1V 'D orker3 insofflfihO llirht yorkera
$iv 2Viii r,o pir Jiri?lfi 25. roughs
tlUKlUW blags JOftlORO
QHE:L.I, VND L.AMRK Tlerlntv. OrtOrt l,.rf
Active LHitibs 412 J1 yearllnes. U
1H in uethera S14C91150 ewes J5J3
n v d h ep 13S13 70
I it t. Louis. FCb S. UOO rtecelpts
S00O h-,id Lower Bulk J14 7515. heavs
no nale medium, J14 TS'S'IO, Iteht. 14 7V
15 light lights J14 5HI3I11 heavy packlnc
sows smooth Sla 2113 50. packing bows
rout-h St. 75W1J 25 pigs J121V.
CATTLE Iteeelpts 2500 head Weak
Reef fteers medium and heavy, Lholce and
primo J14 50ltl medium eind good, JHca
1125 common lOfJlO 7H, IVrht, good and
choice J1J 30315 25, common and medium
JSJ5JHJ.5 butcher cattle heifers J7 50
Ht 15 enwe J7&0&11. canners und cutters
J 75&7.50 veal calves, llkht lend hand?
weights I13S17 feeder steers, J8 50(812.
blocker steern J7ai0 00
IKrp Tlecelpte 800 head Higher
Iambs J17 J ft 9! 0,71! culls and common,
SI Kf in 7 arllng wethers, J14 Mit 17 50
ewea in dlum and choice JO 5012 50 culls
i nd common J5PP
Uansa f Ity. Feb B HOC1S Itecrmts
30OU h ad Lower Bulk Jt3 73l4 heavies
in 7uTi 14 05 mediums J13 80 14 .'3.
II, lire. J13 70911 10, packing sous XV. 5GQ
13 PIKS J12W15 50
CATTLE Receipts. 25CO head Weak
Heavy beef steers, choice and prime, J14 25
SIB medium and good, J12 014 25, common
19 Ml 45 '2 light, good and choice Jll 23S
It 75 common and medium JS&ll 25,
butcher cattle heifers. 10 0012 7 cows
J75t2 csnnera and cutters 3 25eiejj;
fal calves iijui i.j icencr Biccru iO"lil.
etorker Ktiers JfltflO 21
MlbKI' Hecelpls, 2500 head Hluher.
Iambs J1701O 50 culls and common J12..
'!Hfl7'i yearling wethers J14 75W17 ewes.
t! 81H2 25 culls and common 14 50
0 7T breeding ewes, J814 23, feeder lambs,
111 7317.
Shrinkage In State Funds
llarrUburir. Ten 5 TUo Btatement
ot the 1reuftir Department of tho
amount of irencrul funtld of thp com
monwealtli of I'punsjlituua fcliows the
total ou hanel ,lauuai 1 1020, e
BAR SILVER
Bar sliver was quoted in the London
market today at n decline of 1d at
80il an ounce.
DIVIDENDS DECLARED
tcoo
ooo
1700
iMDO
100
2t000
30n
4000
fiDO
IOO
too
100
too
1000
4 tOO
3100
300
r.oo
1100
l'iOO
200
4500
6(00
3700
,00
420O
6100
1201)
SOO
400
2200
2300
3000
400
MO
1 000
2590
100
1000
1100
iro .
13000
8U0
200
800
300
100
2400
GOO
1400
2700
1390
3500
1000
200
200
100
1200
200
CiOO
1200
100
20 0
300
200
300
1300
21)0
1100
3800
3500
1610
1000
12100
100
too
41.90
700
too
3200
4100
20(1
11.00
too
1000
09)
700
301)0
990
1100
100
200
700
13400
0700
100
5100
too
8600
200
000
too
100
too
too
1109
100
Baltimore) & Ohio .... 30 5S
4 Baltimore & Ohio pf.. 44 '8
8 Barrett 122
Bethlehem Jlotora ... 2114
8 Bethlehem Steel ... 02
H Bethlehem Steel B... VitVt
8 Bethlehem Stl 8 pf 113JS
Booth Fisheries . ... 12Va
. Bkljn Itapld Transit. 13
BMyn U T ctfs of dep 81
C Brooklyn Union G.ih . !'
7 Brown Shoo Wz
4 Bruna Term & Tt It . . t'4
10 Burns Bros . . .. lOO'i
.50 Butto Copper & Zinc . 8
.. Butta & Superior Cop. 'iVt
Butterlck 224
. Caddo Central O & n. 2
e California Packing ... 70
.. California Petroleum . 34 U
'i Calumet & Arizona . 01
10 CanadHn Paclliej ...J22'
fi Central Leather 87
Cerro do Pasco Cop. . 51
4 Certaln-teed Prod ... COH
8 Chandler Motors 12IW
4 Chesapeake & Ohio .. 6'1
7 Chi & Northwestern.. 8SJ4
.. Chicago Gt Western . 8
i Chi Gt Western pf . . . 22?i
.. Cht Mil & St Paul ... 359
.. Cht Mil & St Paul pf. 52 Yz
. Chi Kock Isl & Pao . . 2fi
fi Chi R I & Pao 6 pf. . SO'i
7 Chi R T & Pac 7 pf . . B8U
. Chlla Copper 17'i
3 Chlno Copper 35
Cluett Peabody 00
. Coca-Cola Ws
3 Colorado Kuel &. Iron 39
Colo & bouthern .. . ''a
1 Col Graphophonn 42 W
5 Columb Gas & YA'-a 57
Comp-Tab Record ... 48 !4
3 Consolidated Textile . 27i
7 Consolidated G 13 . TI'A
7 Consolidated Cigar .. 00
1 Continental Candy . . tla
7 Continental Can ... 8
.. Con Interstate Cal M. 18
4 Corn Products Ref .. 80 H
13 Crucible Steel 212
Cuba Cane Sugar .. 41
7 duba Cane Susar pf . 82 .
Dolawaro & Hudson., tla
10 Del Lack . Western.. 100
Penur & Rio Grande 7VS
.. Denver S. Rio G pf... 11 'b
t Dome Mines H3
3 VUt Horn Coal 2l'j
fl i:ndlcott-Johnson ....12S
7 Ednlcott-Johnson pf..l01
.. Umerson-Brantlng ... 20
. nrie 13'i
Erio 1st pt ""'H
Erie 2d pf . "4
8 r.imoU3 Players-Ii 7fi'4
. I'amous Players rli 87 '4
3 r;reeport Texas 2jJ'8
. risk Rubber ... . Mfc
2 Giibton Wm3 & Wig I"
8 General Electrio . . .H '4
6 General Cigar .. . rv4
12 General Motors . . .28.
r General Motors pf . t'
0 General Motors deb. . 75
Goodrich B F 714
7 Goodrich B I" Pf "''
Gray S. Davis . . ...
4 Gt Northern Ore ctfs.i 37
ww m rw . l.AV1.An Ttf , .1
ft i ueeai u'"" -
. Greene Cananea Con .
. Gulf States Stcol
5 Hartman Corp
1 Haskell & Barker Car
Hupp Motor Car . .
7 Illinois Central
0 Inspiration Con 'Cop
Interboro Con Corp .
Inter Con Corp pf
Tut Agrlcul Corp
S lnt Agrlcul corp pr
0 lnt Han eater
lnt Mer Marine
0 lnt Mer Marino pf
7 lnt Mot Ir 1st pf
. International Nlcltel
r. Inter Nirltcl pf
International Paper
I, Intornat Paper pf
Iron Producta Corp
Jewel Tea .
3 Junes Bros Tea . .
Kan City Southern
4 Kansas City So pf
I Kelly-fePK Tire
i'2
3314
(i7'j
9V2
50
87
51
. 14
II
. 18
7 7 !b
.122'4
. 31 H
89i
. 77
8S
70' '
7". 'a
. 41 '4
. 16'i
. 2l'j
. t-'
t-.'
.122
Today's Nel
i Low Closo Hige.
29 591
36H 3894- U
G8 8 S
00 Ji 70 H- l?i
1W Hi- '
4294 42H-1JB
804 8614- M
83& 83J4- 1H
1H 115 - 3'
47H - ,
05 95 art
130J, 130J4 2B
11514 11 - M
tsa 4ou- s
124 12M- V
WHA D5H- 3'
22M 23-14
107 J4 107 ',4 -34
41 41 -
9914 0014 314
137 13W- 14
81 81J4 114
9C 90-1
no 90V5 154
3314 3354- 54
19 10J4- ?
0234 C3 54
81 81S4- i
105 105 - 154
40H 40 IU
93 02 54
127 127 1?S
83 -i 85J4 14
9S14 9S14 54
237 238 - 1
5754 S8V5- s4
485 48J-4 ll'i
133 133J4- 1
102 102 - 54
IC 1014 3B
5G14 ?- 94
114. lll-S- 1
2 21 1
35i - 54
48 Is n x V
70 J4 7914- 3
78?4 '831 1
88 '8 88U 5
150 '4 160 i 4 '4
!3?4 I3'4 H
10054 10JI4- H
100 too - U
30 30
43'4 43
11054 120 154
21 23 1
82 02 t- !4
893) no 1 4- '4
113Ja 112'a- B4
It It'S- 38
in, tns- t's
8 8 - 54
49'i t0!4 v-l
08 14 08 V4 1"j
fi'4 014 U
09 100 214
714 7J4- 14
"2 22i- l's
2254 225m- !4
10 to - 1
70 58 - H
33 ",". - 2Te
CI fil 1
111 122'-J 3
M ?i - 114
49 492
48 504 7i
120 128 -1 1
52 52 - 54
80 802
5? 71 - 54
231a 2252 '4
3414 333 4 B
50 50 - 14
25 54 27 5, '4
50 5") 54
C7 07-1
IG'b 17 14
34 '4 3151- 54
90 no
30 .-0 54 1 J4
3754 38 51- 14
32 '4 2254- '4
30 '4 30 54 - 3' 4
37 57 5,
IS 4S I
27 374- '4
77 77 14
CO CO 54
1154 1154- 54
80 804
1734 R - ',4
79 80 a
200 208 1
13 4,194 H
803', j;
02)4 9254- 54
1C8 1C1I
754 754 54
103, ti
us us-
21 31 - 1
12554 l-8 T 154
101 101
20 :o - 5
13 12
18 1 10's 14
1314 1154- 54
71 71 -
87 872,
21 34 "44- 54
r, .17B- He
12'z 1 Hi- 3
.15012 t.M 54 154
cr, re - 54
!7 tl 9
8154 8H, I
7' 773
71hj 7254- 5b
94J4 D'.liT J4
38 38
30 54 .!G54 54
74 5, 74 54- 154
33 33)4 .
Gt fit 1
91 113
ot 5t - ls
13H li?,- 54
8C4 S0?4 '4
52 'a 52 54
1"b 33, .
101-j II
18 18
70 7G - 1J4
130 120 54 154
20 H 31', 1?4
8054 80(4- 3
77 77 3
1 1 -'I'm
88 S3 3
5 7t'4 14
7 77
12 13 - 454
155, 154- l?s
24 '4 2154- 94
It '4 17 ?4
45'4 15'-
Div.
SiIps In
IOO .. KCISCy WllOCI .171
4000 2 Konnecott Copper .... 28 J4
7200 1.20 Keystone Tiro & Rub . 30 34
4400 6 Lackawanna Steel ... 76(4
200 . . Laclede Gas of St It. . 40
1000 . . Lee Rubber & Tiro . . 32
1900 3.50 Lehigh Valley 4214
400 13 Liggett &Mycrn Tob.. 198
100 7 Liggett & Myers pf. .. 108
1000 .. Liggett & Myers rts..i 1654
2800 .. Loewo Co 28
12100 .. Loft Co rp 20
700 .. Loosc-Wilca Biscuit .. 5054
100 7 Loose-WIIca B 1st pf . . 0S?i
400 13 Lorlllard P Tobacco.. 157 ?4
100 7 Loulavillo & Nashville 103
100 c Mackay Cos S
400 4 Mackay Cos pf 04
100 10 Manatl Sugar H0J4
100 7 Manhattan Elev jruar. 40
Kclly-.SPS T 3 pL.100
1!834
100
11054- 3J
100 - 1
100 1.7fi Manhattan Shirt
300
300
100
31
Maxwell Motor 2S
Maxwell Mot ctfs .... 28
Maxwell Mot 2d pf.. 37
15100 10 Mexican relroleum
100 8 Mexican Petrol pf.
700 3 M ami Conner
11700 1.20 Middle States Corp .
Mldalo Steel & Orel
Minn & St L new . . ,
Missouri Kan & Tex
Missouri Paclfta . .
Missouri Paclfia pf
Montana Power . . .
Montana Power pf
0600
000
1700
C800
500
300
100
300
,18554
,.100
. 2214
. 3154
. 47
. 13
. 854
. 34 4
. 40
. 04 54
.100
Mulllna Body 43
400 3.50 National Acmo . . . 37
1600 ., Nat Aniline & Chcm.. CI 54
7 National Biscuit U554
5 National ClAnk R. H .. "
. . Nat Conduit & Cablo. 0
C Nat Enam & Stamp. 71
6 National Lead "54
. . Nat R R of Mcx 2d pf 654
10 New York Air Bralto.10154
5 New York Central ... 6854
5 N Y Chlo &. St Louli. 37
400 1.50 Nevada Con Copper .. 15
100 2.60 New York Dock 38 54
4000 . . Now York N H & H. . 27
500 1 New York Ont & Vf .. 165b
300 7 Norfolk & Woitcni .. 0t?4
7 Northern Paclfla 70
5 Nova bcotK S & C... CI
4 Ohio Cities Gas ..... Vs
300
100
000
3200
1500
200
COO
3800
400
3400
1400
8400
Utjh I-ow
1
2854
287s
74
39
3154
4154
191
108
1654
3754
1754
53
9894
15552
103
05
CI
11094
40
31
28
37
37
177
100
2194
3ft
4594
11
794
23
3054
04
100
11
3694
CO
11554
75
8J4
7154
70
554
100 54
r7'4
too 3.50 Ohio Kuel Supply
47J
031)0
200
400
2300
OUO
17100
3700
100
100
3G0O
1100
500
400
7000
2100
30700
1C0
37C0
1300
101
10C
700
1400
1300
500
2800
400
200
3700
33700
800
A003
1500
300
.60 Okla Prod S. Ret .... 8
Ontario Silver Jllnlng. 8
S Otis Elevator .. -130
. Otis Steel "-4
3 Owens Bottling Jlich. 5RS
0 Pun-Ainer Petrol , . . 82'4
Pnn-Amer (B) 81 t
1 Pacini! Mall . I . . 30
.3 Parish & Bingham . 10
3 Pennsylvania 1. R .. 154
. Penn Seuboaid Steel . 2554
Peoples Gas Chicago . BGH
." Peru Maiq prior pt . 6394
1'cro Atarquclto . 30 54
3 Philadelphia Co . ..37 54
PUrce-Anow Motor . 59J4
5 Pierce. -Arrow Mot pf . .100
Pierce Oil . . ra
fi Pittsburgh Coal of Pa 58H
0 Pittsburgh Coil pf . 8854
4 Pitt C C .v. St L . 53
. Pittsburgh & IV Aa.. 25 H
1 Pond Creek Coal .... 18
8 Prebse-d Steel Car .... 939
8 Pullman . . .-HI
6 Punta Alegrei Sugar .. 8254
8 Railway Steel Spring. 0t
7 Rwv Steel Spring pf.104
2 Ray Consolidated cop 30 54
G Reuubllo Iron &. Jtcel. 10054
0 Republic lion & S pf 103H
Reading 74 54
Remington Tjpowilt.. 77'i
Rcpub Molor Truck .. 488
4700 . 70 Ilovil Uiitch N Y ....10f4
G300 H li "an I'lancl'iM. . 17'
St Joseph l.e id ... 15 4
St li Routine cslern 12
St h Southuc-l pf . 23
Svou Motor . . 16
savage Arms il"
Seaboard All Lino ... 0J
Seaboard Air Lino pt 1154
Shattuck Arte Cop .. 113i
She.il Trans Trading.. 81
Sinclair Consol Oil .. .1014
Slosi Shcft S & I .... 71
Southern Pnclflo . ... 06ri
Southern Railway ... 21
Southern Railway pf . "54
Stromberg Carb 7114
Studobaker '.in' a
StuU Motor lit
Tenn Cop &. Chcm ... 10
Tcxus Co I8P4
Texas i Pucir.o 33 14
'Jhlril Avenue 13
'tobacco Products ... 75 '4
Tobicco Products pf..l00
Tiansuo &. ffrai Steel. 5854
Transcontinental Oil . 3354
I nderwood Typewrit. .175
Union Bag & Paper.. 90
On'on Oil 29Ta
Union Pacino IM
Lnlon Paciric pt . ... C7'4
United Drug 1st pf 51
10 United 1'rult 184
Ln Uy Investment... 9
Ull Ry Invest pt .. . 3254
United Retail Stores.. 7754
U S C I P &. lMy.... 17
U3C1P1 Fdy pf.. 43
U S Express ...1.... 3854
U S Pood Products... 63
U 3 Ind Alcohol 0894
U S Realty & Imp... 4054
U S Rubber 10SU
U S Rubber 1st pt .. 3
U S Smelt & Ref 075b
too 3.60 U S Smelt c. Ret pt.. 4754
97500 6 U S Steel I0l',i
7 U H sieei pi n
0 Utah Copper 7354
II Utah Seo i!4
4 Va-Carolina Chcm ... G3M
Vanadium Corp 473a
400 I
too
300
1000
:ioo 0
" too
.700
300 7
3700
43690
3V0 C
19600
1600
300 5
3200
30390 7
900 5
2000
13200 10
51.00
100
4800
too
1000 5
9700
200 8
200 8
9100
7300 10
1700 4
100 3.50
1100 10
1100
300
1580O 3
1200
200 5
100
3S0O 2
8000 8
700 8
31700 8
600 8
2000 C
1000
1700
300
1G00
C00O
800
1100
500
3G00
too
4700
2000
too
200
000
6500
2000
lGtOO
200
100
5500
AVababh
Waba&n pt 3252
Wells Fargo Exp .... SI 5-2
Wheeling S. L Lrie ..It
7 WesitUighouso vlr 113
4 Westlnghouse E4.M. Sl'O
Webtern Mao land .. 10?,
Western Paclllc ... 2754
4 Western Paclfla pf . 56 'a
7 Western Union 'lei . 87Jb
1 White Motor 57 54
a Wilson & Co 67
1 Willys-Overland .... 2054
Wi.conr.ln Central . 28
8 Woolworth 1 W 123
. Worthlngton Pump . 81
Ex dividend.
3554
14 Ji,
38 54
25 54
1754
0154
74
5994
4354
4714
7
7Jb
137
3154
55 54
79
7014
3fi
40
41'B
35
3514
63
284
3554
f,'.4
100
17
55
8054
63
-3
1754
93
113
80
01 14
1039
19'4
10394
102 54
70 H
76
484
100
IC
155a
12
33
11
71
6'b
rt'2
1154
7894
3494
6854
04 'B
2014
535b
07 54
OtW
111
nil)
175
CO'b
124
7154
100
57
2t
173
90
28 H
118 54
66
51
180
8 94
71
17
41
28 s
58
9554
45
10354
112 J4
b354
4754
0054
1U54
7154
0B
63 5e
154
7'4
315b
50 54
10
11154
so 54
10
33
'.5j
8154
5 7 V 1
67
259b
28
127
79
Today's Not
Close ChCB.
71 - 1
3854- 94
38J4 - 3
7$ 3
311-1
3194
4154 54
191 0
108
1654 . .
28 94
1754- 3
53 - 3
0894- 54
165 54- 54
103 154
05 - 454
fil
11094- 1V4
40
31 54
281
27 3
37 3
17994- 3J4
100 -- J 14
2354
30 - 1
46 Vi- Vf
1194- 154
8
23 54- Vi
39 Vi- Vi
04
100 1
41 - 1
37
G0V4- 94
115 54- 154
75
854- 54
7154- 054
76 -
554
101 V
(.7)4 54
27 - 1
15
854- 1 ,
37 -1 154
1794- 54
9154- ?4
74 - -T4
59 a4 !V4
44 54
47 54- 356
8
8 14
130 3
: 354-1 t'4
55 54- 154
80 5'.- ?
8U l 1
3 B
40
4154- 54
2554
,11 14- 138
C3 54
30)8 ?B
.1754 5S
5S94 ''b
lr.o 3
17 - 34
57 - 354
8914 ?i
533
'.3 - 254
18
03 54 54
113
SO - 154
1154- "H
lot - 354
.0 - 54
107 -1 '4
10 154- a
71 -154
71. - la4
48'. - 18
101 '4-1 54
IR - 34
ISB- 31
U 54
33 1 54
11
71 - 154
i.'s- 1
13 52
11'4 '2
80 14
:tt54 15b
CI - 1
9454- 1
30 54-1 Vi
5354- '4
cs - 1V4
05 - 154
113 54 54
10
17554- 3 54
3194 9b
13J4 54
7 1'4- 7
too
55 3
3154- 154
171 - 3
00 I
3854- 154
110 - 's
CO 34 8
51 - 1
182 54- 3 54
0 - 1
33 - Vi
7494 3
17 - 114
441
'RH 54
5854- 294
9554- 154
4014 154
10394- 454
113
0554 1
41 54- 14
10054- 54
11154- 1
7114- 1
m- 54
r54- 354
1154- 394
LOCAL MARKET DEVELOPED
SOFTNESS IN FEW SPOTS
Rapid Transit Made Further Recovery 17. G. . and laL
Superior Yielded Under Pressure '
The locnl market developed n yield
Ins tendencj. The most notable ex
ception was supplied In Plillailelphln
Ituplri Transit, which made it further
recovery to a'l'A in tlje coritinucil nli
sence of the liquidating pressure which
the stock recently encountered. Ou the
other hand, a number of boft spots were
reached on a compuintlvcl small
amount of selling.
One of the more conspicuous features
was the thin market iiguin dlicloscd for
hoth the higher-priced spceialticN and
the inactive stocks. In the former
group, General Asplinlt common suf
feicel another sharp break, declining
50 50 to OSV-i ou n relatively small
volume of trading. The preferred, which
had been without a transaction for some
dajs, was offered down ?,"m to 137 on
tale of ten shares from the previous
sale. Electric Storage Batter at the
timoi yielded nearly $5 to 118. Limited
dealings in the inactive stocks caused
S2 decline in ,T. G. Brill to 17 und .$1 iu
Westmoreland Coal to 74.
In the usually active list there was
contiuued liquidation in Luke Superior
Corporation, depressing the price to 711,
from which it rallied sjightlj. Re
newed selling also appeared iu United
Gas Improvement, forcing the price
down to f)'-f'4, the lowest touch this
5 ear, hut which is over $2 above the
low i ee ore made last December.
Dealings in the remainder of the locil
stocks were of very small dimensions.
Philadelphia Electric nppenred to find
strong support at ipar. Moderate sell
ing prcsuic cut $1 off of American
Stores at 381A. Smnll transaction .
mndo In Union Traction nt 31. TOe
Them was n report on the street ,,
afternoon that- another prominent Ci
loinoriition woh inuklng uecnil,, i '
with bankers for some short.!..'
financing. Tho Identity f the 3
was icllgiotislj concealed, und net ir
slightest hint was obtainable us to 3
tho character of tho business in vAil!
it was engaged. It was stated. Z
tltv (lint eiw.vf nt ll,A .. M n9.
" ; l"v.l "... "'..' 'v 'VlL"- K:
high talcs exuded for monev ami ei
necessity of , urtuiling barikM
therefore virtually forced th0 co"a.'
to make; nirangemcuts for the issue i
,.,nnt l,n.l l.n... ....!!- , .. " "MUIW.
meil urn nf hunk Inneio 'ri. ..s 'W
: . . . - "-". a.eiu iiniibii.t
short-term notes, ' '
There is pnid to bo considerable 1.
quliy for corporation loans frora ,i
sections of the country. Home of ti
vcr.v highest grade ot commercial ,
per is ueng ottered among the larger
bnnli Institurions, but most of thenrom
incut loaning institutions arc vlrtnall.
out of the niurket. rouvcrging all aval
able funds for their recular elle-ni t.
hiue for some time been buyimr'v..:
little outside paper. n S Vcr'
Ieociil moey market conditions ac
(meliug to the testimony of the offi
cinls of ull the lending institutions
virtually unchanged. Money is tlrti
anil is IlkLlv to continue so for som.
ittlc time If nnything, they " g
is a distinct liuuleuiug of rates for
call and time nioiicj, ns well us com.
mercial papci.
ABSENCE OF PRESSURE
STRENGTHENS COTTON
Traders Show Disposition to
Await Developments in Tex
tile and Spot Markets
cottov nnrr wnvnrcn conditions
en tori.. Feb 8 Tho folloulns tem
r""rituri.s wero resrnrelcd In tlio cotton Ivlt
thh ninrtilnir Uttlc lloek rtmpliln
aBllJllo and VV llmlnston. 30 e-harle-iton
Quel Abilene IS Oktahoini Clly Ctmt
tanoosr Knoxvllle AucuBta Atlanta and
Sav tnnah 10 Tirksnnvlilo Maenn lekii
Mirff 1 ort Smith and San Antonio 14:
MrldUn and ThoinasMllo 14, shrevi;
ne'rt mrt IVnarola -lei , New Orleans,
IS forpue Hirlsll and HalvcHon 53
mid rimoa DI Tliero was 01 Inch of
'yflpltatlon Jt Aiuusta t-aunuah and
Wllmlnston 02 at Jacksonville Ktiou
vlllo and 1homaftUIc. .34 at n8hvlll9
diid JeJ at Atlanta
New Yorli, I'eb. 5 The cotton mar
ket ruled quiet but steady today, with
prices holding from 0 to 10 points net
higher in the absence of pressure.
Sentiment, it appeared, remained pes
simistic and bearish, however, although
for the moment It was evidently felt
that the market hid been well liqui
dated of speculative loug lines. There
was u disposition to nvvuit develop
ments in the textile and spot markets.
t'eittein exports reported nggiegakd
fi'iom biles, including H.ofJ.". to (ireit
I5nl.ui, L'ti.710 to 1'ianpe, (1111 to the
continent und 20 to Japan and China.
Totnl cports thtis fur this seaMm
have been ,'!,S07,751 biles, compared
with 2..i:i0,7ui! bnies foi last season.
Test Todu't 1100 130 2 DO
ilono oi en in p. m. p m
.Mari.ll .14 85 .1160 31 J5 It IT
Miv . IJ ri 1J 07 32 01 1J 20
Julj- .. 10 T, 10 00 30 00 '.10 Z!i 30 20
October . 18 25 18 00' 27.07 2S 11
FOREIGN EXCHANGE
New Yorlc, Tib G Foieign exchange
interests toda.v said that while the mat
ket hnd shown a slight betterment af
ter the opening, thev felt somewhat
skeptical as to the outlook, and no oue
could be fouud during the carl part
of the dav who was willing to make
auj positive predictions to the imme
diate outlook for the maiket.
Theic was a slight inllv nt the open
ing when demand sterling advanced to
oUV'l mid cables to '' '5. Tiancsulso
ttperieuced u similar improvement,
chocks, ufte r opening at 1 1 f)2. udvnnced
to 1 1 SS and cables from 1 1.00 to 1 1.S0.
Marl.s weie around 101.
Lire checks were 10.10 and cables
ISHX hwiss checks tU)0. cables 5.5)8;
guilder checks 37', cables til ; pe
setas checks 17.&0, cables 17.G0.
The market was in a confuhed
condition around noon. stcrlinc
showing a stiong tone with cables to
n.'-'G uid demand .". 2o",. Itnlian was
eTtrcmelv weak, lire checks falling ns
low as -u.u-', but later rallied to 10 bO.
lieneli was weak, checks being 11.02
anil cables, I i.'JU
8 i Vi
219b 'a
M i- 14
10 I2 .
1U14- 3
50'4 1
10', ..
is
MYi- Wi
StH- Hi
t.M-
60H- H
Z5'B- I'b
3S Yi
121 1
SO 1
USINESSNOTES 1
Pratt St Whitney Co , quarterly V$ per
cent on preferred payable February HO to
etock of record February 6
National Casket Co . quarterly of VA
per cent and an extra of I per cant In caah
ot u per renii i(
utock of record Fob
nitni! 9 4 11 C fl'Kl T.....l. U1 I man K
rniBlvSi rjnniujSuS. c.nriS.,nJ.Slfc"tt"t0rIy f " " " th h
Clueivo of .none, s appropriated to tho nd "S," V a3lv" Vnd
sinking fund, to be $:i.Dli,ri93, as payable March SO to
t iiprcccdentwl development ami e-
pan uu in the shoo manufacturing
nd-istrv i-, looked for during the pres
ent venr Most of the shoe manufac
turers have some form of building under
wav and in some cases these are of an
ct u'ivr nature.
Leghorn hats will Imp 1'lcgcr sue
cess during the coming summer than
tbev have eer enjoyed before, judging
from the variety and number of them to
be seen In the wholesale- houss. 1 cw
of the high class houses fail to show
them
Although prices for women's coatings
have been advancing right along, it is
n n,n mnrrlnls used only one season
of thR year that the Increases look the
stiffest. Tlushes that were quoted last
ytar at $3, are now being sold at $12 a
yard with buyers offered only small
quantities, compared with what they
believe will be their requirements.
Cotton goods In the primary and On.
Isbed fabric markets urc more plenti
ful than they have been for some time
past. There has been no recession in
finished goods, but in some quarters
of the gray or unfinished goods market
second bands havo shaded prices slightly
to induce sales
T!nu.tllel conditions ill the silli goods
market have brought trndo activities
to a low point, oianuiaciurcrs arc ui-
rided Into two camps, inose woo iuiuk
lievc that u decline in the near future
is imminent Both opinions lead to u
conservatism in selling.
neports of Uio placing of an embargo
bv the British Government ou imports
of Amerieun cotton into Great Britain,
the resultant break in the cotton mar
ket, nnd the weakness of the stock mar
ket combined jesterday to slow up trad
ing in grav goods and to depress prices
Virst hands, ns well ns some second
hnnds, withdrew from the market, und
the second hands who remained did not
have a great deal ot success m gi-ttiug
rid of their offerings.
In the opinion of a leading hujer of
ready-to-wear garments, the high prices
sought for suits and coats haH to u very
large extent been responsible foi the
smaller sales of such merchandise com
naitel with dresses In coats, he said.
unlets the retailer wishes to buy a short
plain model, values arc so high that the
buvers must balk at paving them
More seasonable wiathcr with con.
sidcrable rain and snow has given the
local retailers a chunce to offer heavy
footwear. The several days of slightly,
higher temperature which produced
slush and mud bad a stimulating effect
on demand for heavj shoes, and deal,
ers are having the first real rush of tho
present season.
BANK CLEARINGS
r'anli rlt&tlngu today compared with tho
corresponding ela last two ycara
1920 1019 1018
Phlla fSJ SID 721 S64 781.tr,n J11.S00 S(7
Ilaltlmnre II 770 1172 l.'.HJ 11
N" York STS 701 ilSO Oil 020 498 B51 V.O IIJ2
Hoslnn 'I Vl 111 ul Hiri .VJ4 OiS.'loOl
Ot Louif .1741(131 24 SGI 04.1
Reserve Banks' Discount Rate6
The first lolumn gives rates for nil
periods up to and including a hftecu
daj matuntj, the second for u period of
sixteen to niuetv dajs The third and
four columns give the ratis for dis
counts foi collateral loans secured by
government bonds or notes.
Com 1 piper Oovt piper
16 to 00 15 16 to 0
la nays aays
du)8 day
(IV? 'BV,
M -at
r, j 54
O'i BV,
BV, JOVJ
B'S BV4
5H 3V1
:p :$
SU .MA
i jii uiitBiniiuieiec cnriiiicaieB oi in
dettcdncea cunttnus unchanged at l'i pr
ctnt.
BoBton . .
New Tork
Philadelphia. .
Richmond ..
Olei eland ...
Atlanta.
Chie-ajo
St LoulB
Minneapolis .
Kaiinaa City
Dalian
San 1 ranclco
Traffic 8talled at York, Pa.
ork. Pa., Feb, 5 - At 10 o'clock
last night both city and suburban street
car traffic was virtually stalled here.
aB 2 ."In a ? .b1nostn,n whlt,h 810.773, u decrease of $003,480 from
"f,.?"I"ari8.h'.u l.d- A1 sunua reported ln the previous
mm.w.m ,iuw wv eiiuuwa uw, jeaX.
The Niles-Bcmcnt-Pond Co. reports
net profits after expenses and taxes of
52,'-'fe0,G'Jl, equal to $25.04 a share
after preferred dividends on the $8,
fiOO.OOO outstanding stock of tho com.
puny In 1918 the company reported
profits of $3,181,033, or $30.33 a share.
As of December 31, 1010, tho company
iiuriB u nurpins ior mo year oi .fi,.
MONEY-LENDING RATES
NEW YORK Money on call opened
inu-iv iu u per cent 101 lending and re
new ins.
Theic was a stiff demand for time
mouej todav with vcr.v little coming out
at the prevailing rates. It wus stated
that the same condition prevailed us on
Wednesday, 10 per cent being bid for
thirtv-dav monev. Tin rute for ma
turities fiom sixty to ninety elajs
ranged nt mound 8 per cent for mixed
collateral ana w per cent for industrials.
Lougcr maturities were eiuoted ut 81'.
per cent.
It was said that there was virtually
no time money to be had at the moment
and those "who specialize in long-term
funds refused to make nnv prediction as
to the immediate outlook for the
situation
FHU,ADKLPI!I Y-L'all, 0 pci cent;
time, 0 per tent; cummereiul paper,
three to six months, 0 per Cent.
UNFAVORABLE NEWS'
DEPRESSES CORN PIT
Slight Rally Follows Covering
by Shorts for Profits Cash
Oats Weaker
Oil UN BUI.T WEATHER FORECAST
ClilraBO. Feb 5 Illinois and Wlsen.'
b n rtuln or snow tonurht Frldas rnoVtli
cloudy nosalblj rain Missouri Un!'
tied tonlBht with rain In Vt Fr,
rlouilj Minnesota Iowa and Kan.iit!
p": cloudv tpnleht and Friday Jm
and South Dakota. Nebraska Wicratal
... H.i.i,m .uu rriaay
Chicago, rcb. r,. T.enerul liquida
Hon and short selling, induced by a new
ruling by (he railroad ndministratioa
giving shipments of gram priority
throughout the entire AVcst for tea
(lavs, extending from February S to
February 18, the disturbed economic
situation, another drop in hogs, lower
prices for tho cash article and reports
that a local industry would reduce its
daily grind of the cereal, depressed the
coin market again today.
Buving nguinst indemnities checVed
the decline and there was a rally on
covering by shorts for nrnfits j.
vnnccH brought out increased offerings.
uuiium-ui-j oi rorn irom Argentina tor
the week were estimated at 3,200,000
bushels.
In oats, liquidation, it-fluenced by the
cLliungo situation, thp railroad admin
istrntion order and the break in corn,
e-arned thut market down notwithstanij
ins : important buving bv cash interests.
The cash iiitielc was wcaser, and
benri, dwell upon the opportunity af
forded tO CannHInn mmnntilnro nA I.
the impossibilitj of transacting ciport
business.
On the basis of present rates for
Canadian exchange, Domiuiou oats can
bo laid down in New York, at opemrj
of navigation, at about ten tents under
charges for domestic grain.
I.cadlnsr futures ranccd as folio a
Corn (now dcllvori) YeB(
fK Po" u'e'' Lo"' rl" "
feb 1 iri, i iM, t 37 IU 1 49
JUOata-1' 1JJ ,J7 '-Sl
Meiv . . TR4 74 7-, 7,,i. so
Pork- " 7-'' 71'8 T1S ""
May ,8150 33 33 34 30 33:0 SI SI
Lard
May . . 51 11 "1 ele) 21 10 21 47 t:t 19
Jul5,u -1 7-' '-- 10 -1 "3 Jl')7t.'lD!
May IS f, 18 8J 18 27 IS 70 IS 111
July .18 113 1UJ7 is 03 11)17 19 19
TAsUcd
Active Trading on Paris Bourse
Paris, Teh. u. Trading was actire
on the Bourse todav. The situation
uiising from the refusal of OrmaDj-'s
representative heie to transmit to ha
government the list of Gcrmnns who"!
extiudition is demanded by the Alhe
did not have any effect. Three percent
rentes were quoted at 59 fr; exchanje
on London 18f 00c ; five per cent loan,
87f C5c. The dollar wus epjoteil at 15f.
Gold at New High Record
London, Feb. 5. Gold sold at 127i
ld ptr tine ounce hero today, a new
high record.
Experienced
Bond Trader
is open for a position with a
btock or bond house. Box
No. C 105, Ledger Office.
GRAPHIC CHARTS
On Stock Exchange Securitiei
From 1914
VVrife far Particular
Tho Magazine of Wall Street
U Broadway, Nnv Vork
Its In lhc I
I Same Family
One o New England's oldest
enterprises has been in the con
trol of the same family for four I
, generations 106 years. I
The present remarkable earn
ings and investment history of
this successful company are de- I
scribed in our Folder P.P.L. 361.
Shall we tend you a copy? I
Hollister,White&Go. I
II laCOOPOOATIO Ull
J North American Building llt
P PHILADELPHIA hj
Do.ton N VorW Spriasficld Prorld.nca
1.
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