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20
.EVENING PUBLIC LEDGEJR PHILADELPHIA, MONDAY, FEBRUARY 9, 1920
rr
f
NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
jNlWffcrtrwtj
it"
in
&
list
l
J
lift-
M ARRET RESOLVED ITSELF
INTO A TRADER'S BATTLE
TRUSTEES
Executors of Estates
and Others Interested in
Pennsylvania Tax Free
MUNICIPAL BONDS
The present laws of the Common-! Systematic Bear Drives, Successful Against Individual Groups,
wealth or Pcnnsjivanla p-twiilf ,, ., . , ,,.,,, ., M, .. ,
that all municipal bond issues must Collectively Vailed to Hit the Mark
be sold at par and interest, there- .
lore all new issues are of necessity
obtainable bv investors onli- at a
1 NEW YORK STOCK EXCHANGE TRANSACTIONS
New YorU. Kelt 0. Today's ".lock
-jdumiiiidic dj investors on.j-i "!markct vlitually ioolvcd itself into n
premium and the recent range of battle between the Ioiir and liott m-
lirtccH on lien oncrinss iw-i huch ' counts The lontcst for supremacT be
for 4J4 and l!i bonds from a tween the foi.-cs -of the profeionnl
4.20 to a 1.35 basis and ! trntliiiK .ontitiKCtit produced both a
bonds from a -1.35 to a 1.50 feverish and roufuoinR priee movement.
bahis, all above par. Dllt undeiueatli the surfaee the general
Bonds of OLD ISSUES, hovvevcr, ' H-1, S,;'11I'S' I'ml nn undertone of con-
SET ua'liv indSotsTnd'd'e to "S V.ind bovv.ldorln, tart
time, usually m odd lots and due to inc anil filli as to bp pxpprt aftt,r
the change in money rates since i,t week-s iolplll fllK,Umtiong. More
their original sale, home or them are particularly, when .t was couriered
obtainable below par. e make a I that much of the lebnuud made on Fri-
specially of bujwj; and selling these da, and Saturdi, was at the expense
OLD ISSUES of Tax Free Mu- of the 'ovcroUomle.l ehorf interest.
nicipal Bonds, picking them up when I '"""(r the techniral portion weakened
offered at favorable prices and sell-' Tat'? f,,,,nn strenRthened.
lag' them to those who arc willing ! -,,, "' tn,,,a';,,r 'vns "V1 "1,cr
to buy odd lots to take Vantage of Slfl ' "? . "nj? VlJ'".?- "IVl
tho lower prices and higher yields. ,, f amti,jnR niattcr m ceneial VfV cf,ut on Krillnv. hopes entertained
If you are interestcd in picking I slichth fuvorr.l the eoiiotrnrtivi- side, i of possible eaiie money conditions thi !
Up such odd lots from time to time , th- poibilitioo of some good novvs wU qnie-klv f.ided nway. in that it i
as available, and it oil will aiiusi1 .omtujf iliirinj- the week in both Ihoiwas at one? recocnircd the lelaxinc of
BR to that effect, we will place your p-aee treat? and the railroad legisln- the tcminn in the late trading on f'ri- ,
name on a special list to receive fun Some fm titer slight improvement i(ln was more supciHeial than renl
8uch offerings. '" ,nP fteign exchange n represented Cotiprv.itivp curler, however, voiced
We have several such odd lots on ID ",p rn" on Lonnon ni. onere.l oiqe the opinion that the worst phase ot tin
ridually these assaults were suuccMful.
yet collectively failed completely to pro
voke a general selling movement, for
which purpose undoubtedly the, were
instituted.
The course ot Mich leadeis as steels.
motors and oils became oxticincl, h'
regular during the entire morning. The ;
higher-priced share ot these respective j
groups flucaticd nervously within -1
to f points limits. At the same time
weakness was shown by such well
known pool and clique issues as Eudi-
cott -Johnson, International Pnper audi
American Woolen. j
When the renewal rate for call monev
was lived at 14 per cut. against 17,
hand now.
encouragement. The good effects, how
n.ei were to n large estcnt neutralised
h the i nusptciii'iis iibetice of sustain
inonev stritigem.v had been passed. et
in the same breath stated there was not
the slightest possibil.t, of mi) widen
Kflffin & lift """ pount elnliitcd In the market iug of nurket inteies)
Itilllli'l US WUi Rhn.tlv ntrer the start of hi.M.nesK I i ... ni.. ..
.411 Walnut St.
rhllaeltlplilit
slioitk utter the start of biisiups-s
This elemental weakness unques
timiahlv united the reptated tests of
tin i":ii lionrrv p irtv which were in
Uresli selling piessure which devel
open iiioniid mtd-diy aflectecl shipping,
oil and motor shares Evtieme losses
of '' to 7 points accompanied additional JiN iod
Sales
tson
son
200
BOO
400
800
.100
toon
1000
5501)
.100
2000
100
too
'MOO
400
:ioo
'MO!)
300
moon
(100
MOO
3100
200
3590
1900
100
ioo
100
ion
5011
non
oo n
soon
1200(1
200
300
201.
4100
Old
son
I ton
MO
3700
In J
Hlah
Advance Humclv .. 10)4
Advanco Itumely pf . , 0754
A Jax Rubber 72
AlaRka Jold Mines . I J
Alaska Juneau a At . , y
Allls-Clmlmers 4T$J
SDKs
. . 81
..115
.. 4.9S
.. OS'.
..U3W
..Ut
. . 47
. . 2ja
. . 97
22 si
s Am A crlo Chem
8 Am Beet Sugar . . .
8 Am Tiosch Magneto
Am Can
Am Can nt
Am Car & Kdjr . ..
Am Car & Kdy pf ,
Am Cotton Oil ....
Am Drug Syn
Am Uxpresa
Am lllrlo & Leather
Am Hldo & t,eath pt 110 Vt
Am JCe SO
r Am Intermit Corp ... an$
1 Am-La. France 13nglne.,13H
3 Am ljlnseed . .-. . . . . 'si ig
Am J.ocoViotivo 91
. Am Malt & Grain ... 9215
Am .snip & Commerce. 20 ',i
Am Smelt & Ttof .... 03)4
Am Smelt & Ref pf . . no
Am SmelrSeo A . .
Am. Snuff
Am Steel Foundiles
vm Steel Kdrles pf
Am Sugar ltef
Am Sum.ttra Tob
Am Tel & Tel
Am Tob Sec temp otfs 5"a
m Woolen 117
Am Woolen pf .' . . 102
.. Am Writing Paper pf. 47U
Am Zlna Lead & Sm.. I09t
1 Anaoondu Copper
. Assets lleallzatlon .
sso Dry Ooods
fi Atch Top . Paiitii. I
." Atc-li Top S. S V pf .
10 Atl Gulf & W t S x
. il
42J.1
. 72
12R
. SS'4
07 's
57'8
53 'a
ai
7
151
KENNECOTT COPPER
CORPORATION
Ten-Year Secured 7
Gold Bonds
Srurd bv pledge of
500.000 shares of Utali
Coppei Conipanv. hevlns; a
present market value ot
approximately 537 500.000
Average net revenue of
Corporation In 1011
amounted to JC.233 000, an
compared wllh $1050,000
annual Interest charges on
theso Bonds Dated Feb.
1 1320 Due Peb 1 1330.
Interest paj able Feb. 1
and Aug 1
Trice, 99 's, to Yield 7's
II nt fnr iurii)ar
Investment BanheTM
Members Phila Slock rxthangc
Real Estate Trust Bids.
Philadelphia
evinen'c in aiuiiisi pin) ipiaueroi rue 1 otlctings cil Marine common unci pie
h-t Staiting 111 the steel group, the ferrcd. Atlantic, tiitlf and West Indies
attacks on the pmt of the beat pait.v American International, Gcnernl Mo
weie stenintn allv shifted in succession tois. (Joodricli, tiencial Eleetrit, Jlex
to tho shipping, ml, motor, textiles and 'lean l'etioleuni Tcvjs f'd. and United
mis, ellnueons specialties Wliile uidi- States' Industiinl Alcohol
a tl Gulf k W I S S pf Ot
12000 3.50 Baldwin lyocomotivo
WAS
BEARC
IRE AGGRESSIVE
Recovery Movement Limited
and Wanting in Reflection
of Confidence
OUTLOOK IS CLOUDED
Philadelphia Slocks
Net
Lou C rt rhrA
',l fiW.-l- it,
r.sv" :;s;ir, 1
.-.l r.i "..
11 mil
''? Alii I wr t!'
-Ml.' Am Slis IVl
l.t Am Cias ,"il
,'!0 'Baldwin
Ioc pf.lfM) lllfl 10(1 ..
"(1 Hrill .1 (1 -t,-) ?.". !.1 -J
.-'r. 1:1 stoi..tis 110 110131101
."00 Kev Tel. 10'.'. 10', 10',, V,
.".70 I-k S Cor 177? 17 I7"j ', '
-'.! l.eb Nnv . ('.:: (i.-: ti:s -4- 'x. I
l.'4 1.eli Vnl. -I'.", II', IJV1 ',T
JO Nor Cent ("7'js 07"'s 07r,s "s '
100 XY Nil i
tV Hart. 'JO', 2iVA J0'4-f- "'i '
(J.:? Pa It It. Il 41 41s y, i
l.i I',i Salt. 7."'- 7."i'" irU,J- t
10 Pliiln Co " " I
cum pf. . . ,'!.'!
.-:!". Phil Klec L'.'.'s
ico p k T to .,::,i
I.T.IPh Tract 01
lLT. , Heading 71 "i
."0 , do "d pf nr
10 rSindnir ""s
7,"i Ton Alin -
J71 U 1: i... .-.
IL'OU' S Stl.lOOVi
1." w .1 t. s :w
ToihI al" .KIJO fhirft
151 I &harfR saturdav
Oil",
70
.',.
:i7
t!
i'."s
mis,
JS'i el inee m-tilo bv coraparl'oi with Ui
WE HAVE MARKETS IN
American IV ater Vt orUs ,t Elee. 5.
, 1931
United Traellnn cl'slc 1 , I87
jSontltern Tnwtlnn (PrIi I 5s, 10M)
Jones Lauiclilln Steel 5. 1930
Federnl St, 4 PI. nl. l'n. 5. 1SIJ
Duquesne Traction (I'sh.) 5s, 1030
Duquesn l.lcllt 6s, 1040
Cono',l(lHtrl Gas (Teh.! 5s, 1048
Thompson Connellsville Ts, 1031
Birmingham (Via.) Water .",t. 1030
Bearer Co. Light Co. 5, 1040
Racine (Wis.) Waltr 5, 1031
Moore, Leonard & Lynch
Cuihmnn Nevvhali, Mijr.
Uitz-Carlton Ho' el
1110 Walnut St
Xtr York
111 nroa'l -
iMbursh,
I, nuilrllns
l l h i ' -
NEW 1"P IHHADIlPitlVP1 1TS-
B r. i' - rr. v r H VN'.i.s
LIBERTY
BONDS
$50, $100, $1000
Bought Sold
Recommended for Investment
Newburger, Henderson & Loeb
iiwKnns,
1410 CHESTNUT STREET
Members New lork hiuI Philadelphia
sicwk I vrhanec
New i.rl(, Ueh. 0 The New York
KveniiiR Sun's closins financial review
todnv says:
"There was eootish nervousness and
distinst of thins in peneial carried
over from lust week to make it possi
ble for the henrs to engineer several
m-i- on Hie stock market nt the besiu
nins c f the new- week. The opcninc
was unsettled and cave scant guidance
a. to Hie course the puce trend would
he likelv to take, but the street was not
Wr loner in doubt
- '. . . . .. ' T-'.'i.jiaiii.'.n.rY.
"V erv leal weakness developed in llie ial" on New York Stocfc t;rhdni
econd hour It was not initiative oii'saW , nosns
elm ,, nf iho iinhhc- in thrnwinc over i !".""' . . "Irh Low
i-.-. -- --- - ---.- i ii
their holdings that brousht this about
in i a- it was well planned mnneu- '
v-i on the part of the bear ttadcrs. '
Much beat capital was made not of
the indifferent bank statements of Sat-
,. ,, r.... il
iiicmt ine oc sr itiniuiiuu iciii i"i uii-n ,, ,,.
purposes heins Inc fiiulier lu's in com 'ni. 10 Phil Plec
1st ."is ... m:
10 Read gen -la 70
7 Head-.Icr
Cent 4s.. SO
1 Span-Am I
Os PJ0
'
0i3,
70
r.iiTs . .
mvii- a,
.'ii . .
eornrared vith
1 I-10 Am G .v.
Bier .Is.. Si:
'' Bald I-occ
1st ."is . . yO'',
2 I.eli Yal (is !);j7"
J In bo cons
Not !
t hue '
sO
Oil I',
- 2
nii. ' .
m""s oi
01 pi
A cood deal of the optiini-m wlucli pie
I vailed in the second half of lust week
thai mone.v lates would he easier this
week was onlv partl.v horn out nt first
I call monev renew inc at 14 per cent, hut
I the late for fresh accommodation drop
! pins to 1- per cent at noon and to 10
per cenl in the earlv afternoon Time
monev lates, howfver. continued vciv
ItlSht
j The foieign exc lniUKcs displajed a far
better lone and this i irciiuiftani e us
pociated vith the declininc tendein v
in monev lates took the Riound mit
I finm under (lie feet of the hears in a
measure at micld.u TraciiiiK turned dull
as prnes stiffened The recoverv was
limited findiial and wantine in letlir
Hon of i outnleni '
The railio.'id Mtiiatmn look on a son
of blue Slnndav hue II vas reported
I run W'nsliiiigtiiii that the shippers were
"i ii -linlniK then tunes to oppose the
' minimis I'sih c oufi'leiiee lcpnrt to he
-ub lulled io ('ongiess nn ThuiMlav
ijet II noulrl seem, however, that this
'iinuld pi ove nn extremeh formidable
notruilinn since the time is shni I
!KI
7b?t
0
DO ..
7S9i - V,
SO ..
'local
utun
100 100 ..
J.15,200. com.iarod with f 17.000 St-
CORN PRICES DECLINE
UNDER ACTIVE SALES
Buying Power Lacking and
Bearish Sentiment Prevails. '
Oats Also Weaker
OIL FIELDS OF
VENEZUELA AND COLOMBIA
WITH MAP
ThU book ' " ''" ' ' '" "irnied on
f firi)
Geo. A. Huhn & Sons
Stocks and Winds
BEUm IB OI BT 111 II WNO
1418 Walnut M . I'hlla
s- T OtTtce 1' Bi oiid.
SENTIMENT IN COTTON
OF BEARISH AVERAGE
Market Extremely Irregular,
With Prices at One Time Off
30 to 50 Points
i filTcIV HR! T VVEVTHEn rn.VPITIONS
w Vnrk, V' b i Th- follow lnjr tern
p rRturts v ere -,irfil(.H in the cotton bP
ih - in ir imp Km will" 10 Maron and
WilnnMBlnn .VJ N'olnille 4. Vuirusta.
"0 intR an'l i hirkjion IS Oklahoma
i i vinnt(tomer lhMnasllle and J3
wnn-ir 40 Tanimc It Jacksonvillet and
vir'dlse IB N eirl"Aii VlrkburE
Momph'i" t.llil nork Port Smith and
shi pp fi 52 s,,n Antonio 5S Corpus
e hrcwli nnel e.Rlvrtitiin 0.' There was no
pre?cipiteetir n reeoroVel chia mornlns
New Vmk. I'eh. 0 The early after
noon cfiitcin market was nn extreme?
irregulai affair, with the tone at one
time ei weak and prices off fiom ."0
io .10 points as compared wdh Satur
day s i lose
The seliins. under vrjilch prices ea'ed.
i. p. vis nr:ir AvnvniKn ror.rce vr
C llleaito reb 1 Illinois -Pa 1 1 rlovidv
and rolrler tonight rifidat cnnrallt flr
Atiiourl VVlmvmeln ln e ICtnun' Minne- i
eota North and South IMkota Nhraska I
Montnnn. and VVonine 1'air ton, slit and
Tuesdaj .
CliicaKO, Feb fl In anticipation of
a fiee run of the grnin to tetminal
poiuts and with present lequirements of
industries light, there was vigorous
selling of corn todaj under which prices)
declined sharply Buying power wnsi
lacking and bearish soDtiment was su- '
preme.
Premiums on the eah article ele
cieased futther and olferiups of futures
found few takers, aside fiom short.", i
who were desirous of reaping profits. I
An improvement in foreign exelinnge
and easier rales for call money at New '
York, failed io e heck the activity of
the bears. '
Texas has a large surplus of corn.
and handlers from that sialo hnve been
! m to soil in Oklahoma, wilh poor
success and are continuing their effort
in Kansas Owners of grain elevators
todnv ioeivecl orders forbidding the
'onding of nnv thing for shipment to the
Unst.
( la's also were weak on liquidation
and short selling, duo to a drop in tlie
cnsli article nnd Hie break in corn
A strong protest linn been foi warded
, Washinuton by the Chicago .ko.
ciation of Commerce, concurred in bv
too
500
oo
sflfl
5V0
JsOO
I500II
too
1.00
J 1 00
wo
mo
1 110
11(111
100
1000
son
000
S.0I1
170(1
noo
r.oo
100
Irion
'100
1(00
1100
10100
MO
l)0
100
.MOO
1500
too
100
S500
100
:ooo
300
100
1500
500
no
ion
500
000
100
1100
BtSnn
(00
:no
lillO
:mo
ii too
too
1100
000
100
noo
000
300
100
M0
JH0O
501)
i;oo
510
.VI 0
1(00
5110
100
100
JSOO
(VIO
1000
000
11,00
joioo
500
500
oooo
7110
(100
JOO
1000
noo
ioo
100
too
(110
500
100
1M0
too
tsoo
500
100
100
100
:550CI
;;oo
ll'JTe
. 00?fj
:toi8
u
. I'
llO'tt
-t'A
01 u
no4
ll'i
Baldwin Ioco pf .
Haltlmoro &. Ohio .
Tialllmoro & Ohio pf
Batopllas Mlnlnjr
Uarrett ...
Hethleliem Molorn
Belblehem Steel H .
r.etlilehom Si I 8ft pf
Rotith r'ii,hi les
HMvn naptd Transit
Bl.lv n R T ctfs of dep
HiooKlvit t-'niou Uas 50
Hi una Term . 11 H CTe
Buina Bros .. 101
Hutleilck . IB
liutte Copper iV Zinc. S"b
IIui to & Supeilor Cop
Caddo rential O & P.
i nllfornla Packing
California I'etrolejum,
Calumet & Arlxon.i
Canadian Pacini!
e'nntr.,1 Pniinelr i.f '.
Cential Leather . ;
Central Leather pf "
("ertaln-teeel Prod .
Cerio de Pasco Cop
Chandler Jlotcus
Chi & Hnst Illinois,
Chesapeake t Ohio . ,
('liicMKo nt Western..
Til Jill & St Paul .
fill Mil S. St Paul p.'
Clii iV: Xoitlivveateru .
Chi Pnetimntlo Tool .
Chi Hock Isl & Pac
Chi n I & Pais C"5o pt
ciille Copper
Chltio Copper . . . .
Cluell Peabodv . . .
Coca-Cola .. . .
Coloindo I'uel .t lion
Coluinli r;,i K nice
Col Giaphophone
Contlnontal Candy .
Continental Can .
Continental InBiirance
Con Intel stato Cat M, 17 'a
Consolidated Gas . .. "1Yi
Consolidated Cigar 50
Consolidated Textile . IG'h
Com l'toducts lief Tl
Corn Products Kef pf 101
Ciuclbln Steel .... Vm
Crucible Steel pf .... ''$
Cuba Cane Sugar . '"
Cuba Cane Sugar pf SI
1'eete & Co pf 101
Denver Hio Grande "'a
Denver ft Tlio G pf 11 To
Klk Horn Coal ... . M
nik Horn Coal pt . . "-Mi
Kineraon Brantlng . 30
nnclloolt-Johnson .. HS
Kndlcxitt-Johnson 'pf Iffll
Krle I'4
i:rlo 1st pt I'l
Lno Iiiiit I
Knmouv Peih-L . 3"
ratnoiiB PlRyers rta 7'4
Kairhnl:s l
IVele-lal Mill .v, Sm if 50 '2
Pieepott Texas . 81'a
P.Hl; P.ubbtr 3
Canton Winn & Wig . M m
cienerHl Cigar . O'i
General niec'iin . V,C,V2
Geneial Motom . . 36S
cteneral Moiois pf '
fteneral MotoiR deb . 'Ifi
Goodilcll n P ... 75
Goodrich B K l)f 05 K
Oranby Conool M & S. It's
Gray & Davis . . . . 57 '4
Great Northern pf
fit Northern Oro ctfs. 50?4
Greene Cnnanea Cop. . 3t
Gulf States Steel .. 05 i
Gulf States Stl ls,t pf at'
Hartman Corp . . . .90
Haskell & Barker Car. 55'
Homostako Mining d5
St
105,
71!
. 31
(,0 V,
.12112
, 45
:. 1JJ4
lCO.fa
.. .& h
. . 50 iM
" :
. .' s
. 34
51 "c
SOU
00
f,l'
5'lft
r.4
li'4
SO'6
:is
:io
57
in,
I1n
SI
7
I Hupp Motor Car 13?4
100 3 50
5P0O
mo r.
7110
300 0
000
100
WO 2
Illinois' Central
Inspiration Con f op
Interboro Con Corp
Inter Con Corp pf .
hit Asrlcnl Cone
Int Harvester
Int Mer Mai Inn
Int Mor Marine pt .
tut Mot Tr 1st pf
International Nickel
Inter Nickel pt
International Pap-r
Internat Paper pf
Iron Products rorp
Jewel Tea
Jonea Bros Ten
.'MM
5-S?8
. 3H
in i
Ul
3."
. 85 U
. 77
. as
71
I ("a
151.
UH
7,ov
tl'A
(17
71
IW
Ha
CHi)
SHli
sj
113
IS
05
1111b
It U
47
l'!
05 ',4
12
107
30
05
IS' 4
SO
no
3214
ID 4
02 'a
00
ISO l2
!'l
41'4
72
r.'7'2
SI "4
07 "a
5(S ' 2
131
I0'J
lO1
58
:' a
rtj'a
79's
77 ',i
115
04
inn
S3H
3)
43
1IIH4
21 Vt
S'3,
II '-,
10',
h
50
'
10
s
HU
IS'n
7'b
52
1.0
121
I",
1005b
(!)
U ?
127 i
tl
50 '0
s
11
4!i
SO I ,
00
J5"i
50
IO1!.
S5
so
17
:ts
57
31 U
11-s
so i j
75
IB'i
77
5S
2'
SI)
IPI
200 14
00 !
Vi
SO
101
"
M '4
?1$
35
20
tun
101
12
121.
7.1
SO
71
to '
VI",
50'
i.i',
Oi'j
(5-1 U
7'l
7h U
(,,'i
oin
(';
17',
74',
3',J4
:iv
0)'2
0.",
7
35
dfi
ifH,
SI' j.
10'
10'..
i.'i
20
0
77
21',
S
7,
7,J'r
II
15H
SI '4
Today's Net i
Close vjhie
40J4 VA
117 - I
71 - 114
1H- '
Hi- !i
43- Vt
S8'8- V
WIYi- i'A
113 - 3'4
40 - .
35
13314 4 1
1I4?4- '4
47 4- 14
I24- Ii !
07 4- 2 I
n - T' I
107M- 3
31 - 1
07 - 314
1314- U
8114- 34
!2 V
33'4- Is
10 T4
02 id- 314
00
M't .
08 - ?
134 4- U
72
137 IS '4 j
11 "4- '''
07 H
5S34 'A '
13 - 114 I
10 J "4 '
J7'4- 4 I
1 0 !4 - te
57'4 h Vt I
3!S- 14
53'8 i I''a
Ml 1 "4
77 !4 "a
150 - S
ill 3, i
1 134 -t- H4 '
!!0H - '
.!0 8 4
11 . t
I 'i!
lli3 'a
21 'i a4
l '-4 I H
110'.- ,
M li "
II "i "4
".llfS
300
300
too
1700
300
ioo
3300
Dlv.
in
Kan Cltv Southern . . . 1
Kansas City So pr ... 25
Ka.vsr Julg A CO 1st pi 1011
Kelly-Rpg Tiro 132"i
Klly-Spg T 8 pf... t)14
Kelsoy Wheel ....
Kennecott Copper
1tlh Iw
3200 1 .20 Keystone Tire & Rub
100 7
.100 1
3100
000
300 13
100 7
200 2
100 1.75
100 10
(.00
000
100
iro
12R0O 10
30(1 3
14000 1 .20
5200 4
200
600
2700
300
100 3.50
noo
100 7
100 7
500
I too
100
000 5
400 7
71
384
304
70
. 10
. 3li
. 42
.11014
.10014
. 2S14
. 1!4
. si
.155
.10014
16
1
35
10B
130
90 14
71
3814
3M
73
10
31
41 'a
1BJ4
186"4
3814
1814
50
1534
10814
35
3700 0 Lacka.wanna Steol
300 .. Lako lIa & West..
400 Loo "lubber & Tire.
500 3.50 Lehigh Valley
ioo .. Liggett & Myers rts
Liggett & Myern pf
Locw'e Co . . . .
Loft Corp ....
Loosa-Wiles Biscuit
13 Lorlllard Tobacco .
Lorlllard Tob pf
Ma I To wf
Manhattan Shirt .... 30 Hi?
Manatt Sugar 11
Maxwell Motor .. .3
Maxwell Mot ctfs .... Ml
Maxwell Mot 2d pf .25
Max Mot 20 pf ctfs.. 34?4
Mexican Petroleum 1'R
Miami copper 3214
Mlddlo States Corp .. 2 8 54
MldValo Steel & Ord.. 4614
Minn & St L new .. .1114
Missouri Kan & Tev .
Missouri Pacldo . 334
Missouri Paclfla pt . 40
National Acme . . 3A
Nat Aniline & Chem .
Nat Aniline & Ch pf . 85
National Biscuit pt ..'"
Nat Conduit & Cable . 84
Nat Hnain & Stamp.. 7.114
Nat P. P. of Mcx 2d pt
National Lead .... 1f
National Uatl pt ....tOS'a
v.a.1 f'nn f'onDer .. 14 ?4
New York Air Brake .101 14
-10
- 1
14
'4
50
'i
00
to -
s. -31
is'4-
52J4
0014
130
15
S3 14
I03
40
50
112
X
31 s i
5 P,
NO I 6
no
36 1 J i
50 17
351 -S0
5),
37 '4 -30
H
7 4
II -ll
SI -75
-1
1714 4
771 -
20 'j -
sou -
104 t
211 'J! i
oo 14 ii2
40 ) i2
SO ",
101 J
fl's-
II',
22 "2 ,
34
30
137 '4
101
13
II '
t
.50
I
I
600 1.50
S0O 10
3100 r.
2300 5
' 100
100 3.50
(00 3.50
100 I
500
100 7
2 JOO
100
3A0O
4M00
209
IOO
000
130(1
101)
130
7S00
700 1
300
2200
300
4600
7400
1400
13000
3100
100
100
200
500
1000
too
3000
1300
300
100
5 1300
300
100
I20O
10000
300
New York N II & H
New- York Central .
N 1" Chi & St L Pf
New York Dock . ,
'New York Pock pf
New York Ont W.
Norfolk & Southern
Norfolk ft Western
Northern Pscino
2614
115
25
2514
25
24K
171
314
26
45H
11 14
7 ".4
33H
3H
3614
54 "A
85
115
814
17314
5
7714
103 Kl
14 H
101
3614
6714 S (MM
5 Nova Scotia H C
Ohio Cities Gas . .
Oltla Prod ,t Bet .
Ontaiin Silver Mln
Otis Elevator . .
OtJs Steel ....
Owens Bottling Mach
Pacific Development
raclflo lias & raeo
55
. 3514
, 50
. 17H
. 10
. 03
. 754
5S14
. 44
. 814
. 7U
.135
33 J4
55
73
5114
Ton. Amee Petro 1 81
r, Pan-Amer (B) '814
3 rarish & Bingham ... 40
3 Pennsylvania P. r. . 4l'e
Penn Seaboatd Steel . 25
. Peoples Gas Chicago . 43
Pene Marquettn 20
Philadelphia Co .. .. -nvj
Plerce-Arrow Motor . 502
Pierco OH "
Plerco Oil pr
Pond Creek Coal .... 18 4
Pittsburgh C of P... &
Plttstiurgli &, W a.. 3514
Pressed Steel Car . . 03?4
Pullman li
Punta Alegre Sugar . 8312
Hav Consolidated Cop. 20'A
Hallway Steel Spring 01 J4
Kwv Steel Spring pt .I034
ncadlng ", ,
Heading 2d pf 334
Remington Tvpowrlt 7814
llepub Motor Truck . 48
Itepublio Iron & Steel 107?4
Reptihlli) iron a pi "
3
7700 8-70 Boyal Dutch N Y
1'4'
I
1
314
I2'j
74'4 -
S7'4-
71
10 '.
2J5
.in
II ,
til
ISh -3614
51 '2
70 '2
II', -l.l'i
-
IS'4-
7l's .
31-
31
(.512 r
3.-. '2 4
H". I-ItH-
85 -
l'2
U 1
3
1 I
'A
14
3H
300
'.tooo
301
100
3400
f30
500
IS0O
33800
500
13000
4300
300
IOO
000
40000
500
100
1X00
4200
S00
1300
300
3300
3000
- 100
joo
100
100
I. JOO
3(i0ll
40(1
700
I
.74
Ii
(
5
10
4
7
111
Savago Arms
Saxon Motor
Soaboard ir Lino ,
St I. Southwestern
St L San Francisco .
St L San Plan pt
Shattuck All-; Cop . .
Shell Trans Trading.
Sinclair Consol Oil ,
Sloss Shelf S & I
Southern Paejlflo . .
Southern Railway .
Southern Railway pf
Stewart Warner Sp.
Stromberg Carb . . .
Studebaker
5 Stuta Motor
3 Superior Steel .
Tenn Cop & Chem
TexnR Co
rex Co Thirty (JO) Pdl70
Texas & Pacific 33T-,
Thhd Avenue .... 1314
Tobacco Products . 76
Transcontinental OIL. 3314
Tiansuej 4. Wins Steel. 5514
fnderw'ond Typewrit .171J4
I ndetwood TvprterprlflS
I tuon Bag & Paper .. 00(2
I'liion Oil 2 la
100 4
7114
IB 14
7
13 H
1714
31H
1114
81
38
71
05
3114
. 54 H
. 37
, 68
. 91
,118
. Hli
10 '4
180
'2
38 I 14
10 '4 - 14
ir,'4 - '4
131
10 U ,
SP4- 314
j; 1 3
M'4-
S
m, - 14
71 4
I I 14 r
I5H '
31 t-
I
V,
100
6000
soo
1700
1700
100
11800
100
300
I nlon PaciRo 11814
i.n'011 I'acilln pt . . 6014
Cnlted Alloy Steel . 6
sen a.SO United Drug 1st pf.. '0
1500 10 1 nlted Krult 18314
. (n rtv mvestm pr . .. -112
3 I. nlted Hetalt Stores . . 7014
1 suiPl Fay 16'4
3 1 S Food Products. 5014
8 T S Ind Alcohol 9314
8 V S Realty & Imp. ... 10
8 V S Rubber ...105
8 1 S Rubber 1st pf...H34
6 P R Smelt & Ref .... i
100 3.50 I S Smelt & uet pt.. i52
1 S Steel '!
V S Steel pf HI la
LlaJi Copper 73
-a-Caiollna Chem .. 63H
Aa-Car Chem pt . . . 108 5,
Va Iron Coal & Coko. R3
Vanadium Coip SO
Wabash 'J7a
Wabash pt 3314
Western Marvland ..'10
AVestern Union Tel . . 8514
WcbtlughousB A Br .111
Westlnghouso H &. M. 5IV4
White Motor 7
Wheeling & L Ilrie. ..II
Wheel & L Li Io pf . . . 18 V
AVIIf.011 & Co 60
Wllbs-Overland .. . 20?
Willys-Overland pt ., 88',
Woolwortb F W 12514
oithinston rump . soft
38300
!M0
1610
100
IOO
100
3010
500
090
500
100
100
3300
1300
000
300
I'lOO
7100
100
1000
1100
10
4
4
1
55
31
50
17 H
10
l?i
74
5814
43
8
714
135
3P4
55
73
51
70
7614
40
404
35
to
37 4
3814
AU14
ion
91 Ts
1814
5614
21
01
113
SI
20
01
103?;
6914
3314
77?4
46
105
101
0914
7114
n
6 J,
1334
1714
3114
11
79 'a
3(1
70
03 'i
1 or,
5314
37
65H
8914
114
tl'4
10
175',
10S
31 14
13
71 ',4
21 '4
55 14
17114
10S
!I0 '4
38 "i
116,
66 '4
1.514
II
177
2UJ
73!',
10
5814
o!4
46
103
112T4
6014
4S14
98 ',
11094
7114
61,
1085i
83
18
7-4
2ir
0J,
85
HI
50
55 14
loh
17
68
2J?4
88 M
12314
7014
Today's Net
Close Chce.
15
2J - 1 '
ion -13 a
122 - 1
0914
71-3
2814 .".
3014- M
714- H
10 tH'
31 -1
42 4- 14
1614 4- 'A
10614- V
3814- 14
10 1 ..
50 t
15"4 S14
10614- 14
IB 4- 74
30 - 2M
It 4- 1
36 . .
3514- 14
35-3
34U- 14
174 - 4
2314 V
3894 4- i'A
4B'4
1114- 114
794- '
2314- 14
3994 - 14
3614 'A
56-3
85
Ui 1
84 4- 94
73 - 1 14
5 ."
78 4- 94
108 1H
1494 -JM4
101 - 3
ie'4 4-l3'4
I 6714 "51 14
55 - 3B
34-3
50
17944- 194
10-3
9194- l'4
74 - t
5814 "'i'
43 "a
8-14
7t4-U
135 394
31', .
55 4- (IE
73
51 - 14
801
7614- 114
40 - 14
4014
35 - 1
40 '4
3814- 14
3714 4- 14
59 - '4
1714 4- ',
01 "4 - 9i
18144- 14
5614 - 3
34 - I',
93 4- 1
113 !
81 2
30 - '4
91 - 114
10394 - 14
71 - 14
3114- H
78 4" 1
46 - 314
1079,4- H
101 3
100J4 4 4
7114 14
1614- 1-4
7 4- 14
129,-r 34
1714 ..
3414- '4
11 '4
so - 1
37)4 4- Is
71 - "2
11 1 14- 14
JOi4- 74
5194 14
27 -13
38
9t9i- 1 14
lis 4- 3
1U4 ..
1014 4 H
1 78 - '4
170 1814
33 - 114
1214- 14
7494-
3214 4 ,
5514 4- 9t
17114- 114
108 3
00 14 I,
2014- "ii
1175,-
6614- 14
1814 - "
50
I7S 5
3114- 14
7514- 14
16
5014 4- Vt
9314- 19S
46 - 14
10494- 7,
1131,- 14
67
45(4- 'a
10094 14
110 94- 74
7274 4 y,
0394 4 14
10854- 94
S3 - 1
48?,- 1,
7?4
23(4 4- I
10
85 - Ii
111 T I
.1094 - 14
5(1
1094- 9,
IR'i- 114
6914 314
3094- 5,
8824- 14
1359.4 154
7914- 2
WEEK OPENED WITH DULL,
COLORLESS LOCAL MARKET
Electric Storage and Lake Superior Yielded Under Moderata
Selling Most Changes Fractional
Tlieio was the same conspicuous lack
ot initiativo in the trading in today's
local market. Dealings continued of
the same limited proportions nnd were,
altogether colorless. Price movement
was the familiar mixture of fractional
gains nnd declines. Few exceptions
were to n largo extent influenced by
the unsettled state ot tho New York
raoikel.
Wliile the over-Sunday developments
promise inleresting events in some of
tho more important questions in the
general situation, thete was nothing,
liowovcr, of local character to effect
much chango in sentiment in so far as
the home stockn were concerned. If
anything, circumstances nnd conditions
.tended to ncecntunte the waiting policy
nnd to curtail rather than extend mar
ket commitments.
Little) liquidation appeared In any
of the local issues. Moderate picssuic
developed in Lake Superior Corpora
tion at the outset, but nfler tin- stock
touched i this selling censed, nnd
most of the loss was regained.
Few belnted selling orders appeared
in Electric Storage Battery, follow -ing
the second hour slump in the big
market, which can led the price down
.fl.75 to ndu,. Similar yelling move
ment brnughl .$1 decline in American
SloreH to .IS. Keystone Telephone
common was offered little 11101 e fteelv.
but there was onlv it leecssion of 2"i
cents from the previous sale at lOVi .
The trading in the other locnl stocks
represented mostly odd-lot transactions,
and the net changes recorded were onl?
smnll fractions. The ttnetion issue
hud better wippoit with Philadelphia
Itnpid Transit holding nt 23 nml Phil J
delphla Traction nt 01. rmied f ins
Improvement was a shado higher at r.i.
Philadelphia Electric remained on.
changed nt ZM, while, the first "is vvene
" PC1J Znt '''b'1"',' , I'r'insylvnnia Suit
gained . nn Kiunll dealings at 75V, ,
did Lchjgh Navigation nt 3 Smni
sales of V est Jersey nnd Scabhoro
were made nt "0.
The reserve position of the loenl
Clennng House institutions was ninteii.
ally strengthened Inst week, with thoev.
cess reserve hIiovp legnl rcmiiroment-i
being rnlseel ?l,85l),000 to S2.443.00fi
Apparently this was accomplished large'
j bv incensed bor; owing of the member
hanks at the li'cdornl Reserve Iim,!,
whicli wns suggested in. the hierense nJ
lonns and discounts 01,802,000 show,
in the weekly Clearing House slate,
men aheieserve account, however, m
--'nnn1 J-f,.p,?l.I.,,,nk 'a,f inc"e.
Sl.D.t.,000. Liabilities were increase
ln. ,T-0Alnanto.cx W. "'J nn expansion of
'VA,'1'00 ln '''dividual deposits
. 'Jhcso figures give litHc comtortot am'
inmediate easing of inonev tates ol
the contrnr.v, nnnh.ed more close!
foreshadow a rontintianee nf tici,;
monev and high rales. ThP banks a
meeting (he ,enui.einents of most ,f
Ihe.r iwilnr ci.slomers , , .
,ac tua business neeels are concerned
'I he embargo against speculation in 1 nni
fo.m still .igidly n aintaiic,? n
MONEY-LENDING RATES
XIJW YORK Mone.v on cnll opened
today nt 1 1 per cent for lending nnd
renewing.
There was very little doing in the
time money market today, lates holding
firm, it being stnted thnt the pievniling
quotation for money fiom sixty to nine
ty days ranged at from S',2 to 0 per
cent,
There weie some instances where it
was snid 10 per cenl wns bid for thirty
day mone.v, but little time money was
available at any quotation.
Acceptance bills were unchanged nt
.1 discount rote of from Ti'6 to 0 per
cent.
ltv rejson of the high money rates
rnlv a moderate volume of tinnsnetions
took place in this department.
PHILADELPHIA Call, (! per
.cnt; lime, (J per cent; commercial
paper, tlnee Io six months, 0 per cent.
Reserve Banks' Discount Rates
The first column gives rates for all
periods up to and including a fifteen
day nintuiity, the second for a period ot
sixteen to ninety days. The thiid nml
fourth column give the intes for dis
counts for collateral loans seemed by
government bonds or notes.
Coin'l napr
10 to so
li clnva dava
Oovt paper
10 to jiu
35 cl'US elnva
--o.ton .... O
Vw York .1 n
Philadelphia . . . . 0
Richmond .1
Cloveland
Atlnnta. n
Uilcaso 0 R
Pt. Louis a 0
Minneapolis . . . . R e;
Kanaaa Cltv .... 0 0
Dallas ; - .-
Han Franele-p R r.'4 r.'"1
Rate, on ouletauudlner rerlinratea of fn
ejebtednes, continue, unchanged at Ct por
cent.
51?
5'
5'4
5-4
'it
o'ii
.-.'4
T.'A
5
M
FOREIGN EXCHANGE
Now York. Veb. !).-The foreign ex,
n slrf0Tnr'1 Flra,, ,1Iliq motniSg n
-.i .;;"; ' . iuu ,iose on yni
11 rein v
Uemnnd
slerling was .moled nt
i nnd cables at .1..10K,'
franrn
showed nn ndvnn.e of I to 0 points ow
lS,,Cf.abq,Ueri,s7s,; W& &
.nb es r..ra: guilder checks 5 J
Wfa. ?!?? ,"h"'h . '"--'O. cable
IB.-: ,m' V0I'.n ,',riKs 18r'f. lablc.
IS. .j; Ohnst.ania checks 17 20 ciihle
li.-.j; topenhagen ,he,ks 1.-..00, ,nble
:& S'E,",i.clk'lla2' W
Dealings around mid dnv were steailf
and quiet. The impiesston pu'-a 1 ,
I?. '!r i'sP-'tntioiis as had bre,
held for some compicliensive corre.tns
mensuip fiom London ate now amp),
dIroiin ed nfler ll.e advance from 3 I'l
Io ...uG'j in demand stciling.
Later quotations wore: Demon'
sterling 3 Jlflij , ablrs .1.37L, ; fZl
checks 4 47, cables i4.4.-.; marks 1 01.
I ollowing the iinnoiiiicement of mil
money at 10 per cent, European c
chaugea immediatelv showed subslanti.n
gains, demand sleiling going to ", :;7
and cables to 'i.':7,. Franc checks vve.p
quo ed at 11.10 and cables at II Is.
while hie reached u quotation of JSIj
for (hecks and lis.;!.", for . nbles
Belgian francs showed (lie mnl nn,
iiouiKcd stiengtii. ndvniicing to 1! ):
for checks nnd I.'i, PH for cables
OPI-NINU QUOTATIONS '
"l,0?."'" 1?s T.lro ijjllel-ri
.' .'' ' 17 IS VJ . ,
. . ; iiii'j ii i,-, is jU
NOON QUOTATIONS
RtTllns- Prams l.lre C.u 1
... 3 30?, II .VJ is r, i, ,
. 3 373 14 CI) IR GO 17!
2 T. Jt. QUOTATION'S
Sterlllic Francs I, Iro Oui i
Demand .... 3 37 II 10 is i, e, (
C jihlp s 47" 14 is is se j
Prmanil
Cublca ,
Pemand
Cables
;ic j
LIVESTOCK QUOTATIONS
( hlci.cn, Teb. P HOOS necslpta 3 0!1
BARGAIN DAYS IN BONDS
Railroad Itsues at the LoveoiJ in
Fifty Yean
Let Vt Submit OITeringt
EDWARD V. KANE & CO.
Morrit Building
dlum, Hions'iv lights. 114 ''all no,
paiklnc-oHR J13 r.nsi I, nl? U Siifi 15
C'VTTIT ieAl,iu in '.Oil lionil About
... . k.. ,A.t. .An.. .vlil, Un Currfav'w ur. . .,... .,... , .. ... ...... .. i.
nnmornna lnhnr nrr.nill7n HOnS npntllSl "-.a'l .'in..'. ?cnui..". ..,.. . (.."uu. iieji lift I Hl-i-ia ruun-o iuj 'iiiiii-
umernus mnoi orgnnizntinns, .igniusi igp ))lllk al fl,lfi top 115 25 heajv. ' m nur in milium and roo.i, tiaOll'JAt
, r.,., i.,i XVnll .re..l nml "1P i.iiirciiiti iiiiiiiiHi-ii.iuiiii incuiu, Ji4j5n-i inwi,' J" v,""',?.,'R ' ominon o '.OC 12 llsht weiRht, gooa and
";- " '",. Vi' . i V V-. na'line on er nu.l niinei ia P norngntion. ia suxiis i.i nenL , i ' ,' hole 111 ".IT 11 "a rmnrinn anl meeiium
, local interests, but on A ashington re- n !' . ' . ", , n.avy packins sow.;, emooth 18 B0 14 i Sfe-il jr, i.uuliar cattle lieirer", $0 00
norls incite ntill" the nossibilitv of quick "' lnp rulP ' aphcu' pae-idntj ao roush. 3131U.0 i1b Its ., Rl, , , $j 75W12 cannt a and cutler,,
Lo.iV; nn eho ,JI Llr Kl.nrlVVnv I eidlne futures ransed a (ollovv , VII $'. .", , n B , eal ralve,, Jtafi 13 M. feeder
j action on Hie penw treaty, si oris co , nrn lfirn d.wryK ,, rAlTr.F.-Rer-lpta. 24 eoo h.ad WeHi i'en. -RM2 75 etocieer ster-re. jelftOM
eieel with some freeelom and the maikei evi-n llierh ln .rln0 rn" 1 Beef aterr, medium and heavy welchi 1 holre , S1I1.I r leof-ipia 1 1 000 head, steadv
rnllieel ., eir .".(l miints ' Pb . .131 1324 ' ;? 1 I'.', 1 "jiy ' ,nj orin ,, 1 1 saiT. m'dium and Rond 1119,. 'S ..in. hlsiher Lambs J 17 25 "12" culls
Sriitiment remained unsettled and of 1 : " i.2;t4 1 -.4S 1 21 1 22'" 7
rhl.uJrlphla llrelrlc ( milium Ok, Mil
ndl.iilPollaTrvirtle.il 4 Terminal S.. 10S3 j
sbler foul ", tokc oninanv In (l. li
llllnnU t'enlral TrHi'lioic ( n .'.. Idas
Jones. 4 IjiiicIiMii -terl (o Nt .-.. I0S9 ,
"mnlri. fiaa &. I'ufl lo. (nil 1 r. . Ilt.'rt
nel!anMill Northern 1 rue linn ',. g
'rtllllamanort (a ( oniinu.i I Iret .. 1010
'riillaHrlnhle Conipan; Cons Vliej. n,. ibvi
c...lnn Trarlleil. (eilllhan, 1st 0 10S'
OHU Teerllo.l (ni'"i' lot M(e On, HISS
SAMUEL K. PHILLIPS & CO.
Member 1'hlladelphl 1 sorU Kv.hunce
AII7 Cliealuul St.
1 lieqi.sii nvernge
1 In- continued selling from New
Orb-.ins suggested a Icrs stiong interior
spot position, and (here were icports
of nn easier basis at some points.
The iceeipts at tile penis for the dnj
weie estimated rt U."i.f)flO bales, coin
ni.reel with 'J'J.H'-i; bales last week and
ltj.7"7 bales last cnr.
Sat Tcria' 11 eo 13 30 2 30
1 loe open h iti
H 0'i 3- no 31 mi
.12 M S'J OC 32 .10
SO 7il 31 DO
'2j H7 20 00 2(5 73
J11U
14
H7".
Vlaii-li
Vt.e,
Jul)
I 1 tohf
Ulc!
12 30
p m
,11 II
32 37
3D 41
28 35
Gat 6
Mai
Jul-
I'orK
May 31 SO
Julv ....
Lard , ,
May 5t O
Julv . 21,00
Ulb,
Vtay .. 1R20
Julv .18 75
bin
-.'.v.
731,
0,
T4
74
CSV,
IB common I'JCli, llBht weight Rood and and mtroin 1121417 jearllns wether,
choice J12S16 common and medium IS 50 llv -ifi 17 ,!). ewes JIOSj 1-' 7". uiIIn n
JU butcher rattle, heifer,, !! .V)t31 J T8 leoiniiijn 14 50ST0 SB breedlnc mi" ?8
cow, IRBu2tlS0, cannera and utlera It-', f. rder lambs, ?1I75SI7.
34 SO 33 00
:ii at
30 70
SS 7.1
Wain t'ni.l e. 1037
'Mlaaelphln J"lerlrle 6. 19.
runllea(las A Klec. S, 1UI.I
f-ll..g linn. 4. mi
Frle K Jcraer B. 18R5
Lftiial. Vallrr Coal .". 1033
HENRY D. B0ENNING & CO.
STOCK KXCIIANGB nUlLULNO
eel Print Telepllan Io Tew
MMwi rklia. Stuck tUcbniua
, LONDON METAL MARKET
New orU l'eb 0 Cable, advtie received
at th New York ite.al Kxchanae this morn
inir eiuoi.el pncia In Ijondon as follows Tin
Sirf,i 1 10J 10s en advance of 1 future
(30 1.1a a gain of In,, Htralta MOB 10, off
10a tales Spot BO ton,, futucere, BSfl Imp
tartdard lopivr Hpor 121 IBa, future,.
12,1 1S ejln of 10 for both Sale,
Spot 20C1 ton, futurc-K. 1700 ton, I"lc
troljrlc copper Ppot 12S fciturea, 132
tKitt. UP 1 Lead Spot 40 2 lid an ad
vine of 7a 0d futura 10 17a 'Id a caln
o' l.' 1 Spelter ferot (02 an upturn of
l.)a fuiuie-i 03 to, up B,
New York Metal Market
New V.rk, Feb 0 Conrr Spot and Feb
Tuarj. offered 10c March and April "f
frert IllX.r TVIarl.pt nutpt. Lead -SDOt '
K-jbraury and March, Wei Market nom
Inal Kpelter Ka,( Rt Lou la, all months
a oiJCs.Ti-c Jtarutt ttei-yr.
21.40
21.no
1 s 2.',
is 7.'
20 03
21 12
IS .10
1S.-.2
33 7S
33 BO
21 07
21 8S
IS 07
IS 0.'
31 .10
31 SO
J I 8',
21 .'
IS 37
IS 01
SB 2.VSC1 B0 veal cnlvoa IIHBO'CPIS feerle
eteer, J7 553 11.7a. atocltoi steera 7W
! SlinErn-x-elpt, lS.OOO head lflehar
I Lamb, SI pound, down, I18,921 run, and
I common SlBWls ewe,, medium Rood ami
I . holce 10 73if 13 75. cull, and common
10 50 IT 10 25
BANK CLEARINGS
Hank clearlns, today comnared with the
eorrcpondln-r day last sear.
Philadelphia K.S 000 S02 JS4 MS 702
llnilon ..2 02 .' 31J 33 UJ0 ISO
I'hlcaHTO. inoa-isur, siicu.ui,
V III" . Q,,, rt,,. ., I,m ,11,
St JjOCI S 1,1 niu ,1,'. 11 .. - ,
Slew- VorK 5(7 7.11)140 IIS 0(0 4. J
JEALOUSY CAUSED KILLING
So Frenchman Who Slew American
Gets Only Two Years
Nancy, France, Pel. 51 (in A P I
A Frenchman convi.trel heie last week
if killlug nn American soldier has been
sentenced to two vcnrti in piison
rjiuburth. I'eb 0 rATTl.i:--nec.elpt,
20ru. head stead). Steer,, 514 1 i heifer,,
lttlS. cowa, JSB0f.li.5e. lilce H).
culpt, OCO head Steady. Top $1.
IIOOS- Receipt, 3S00 bead IllRh'r
Ifeavlea. SlOtHilO 25; heavy jorker,, Jlfl Ml
1071 llaht orkera, $ie.75Cv lc. pIb, llilrt
SlIKKP AND I,AiinS Iteeelpl, 201)0 head
Higher. Top sheep, 15. T"P Limbs. S21 Bn
Ea,t miffalo. N. .. Fol. 0 . r'ATTI.E
Ilecelnt, 3700 head ClenerAllv SB'S Vie lower
X ateera, jawifeui". nuit ner -i-u
veariinaa. .i,is,. " "ic.'; n ' w '
... cany.,., -ii. nt.i.M. . i... u. ... i.,i ..niu
era and feeder,', lOIO. fr.eh cowa and j
srrlneer, eaaler. fHSWJlv aim recelils.
17O0 bead Hteady, IHW1 50 2
HOOB Itecelpt,, 8000 head 25 to 51)
cmtl hlaher. Heav. JIBBOfflfl mixed.
$18 251 51i vorker,. llebi jorker, iind
plV,, 1 5O01B 75. rough, tn2-.011V.
,UB S011
6HEKI AND LAMHS- Jlereipl,. SHOO
head Lamb, easier other, ateaciy to airoiiK
I'lusa til
IW
Shlppln
7"
BUTTER, EGGS AND CHEESE
New lork Keb 0. HCTTKU Mead) ne.
ceipt, nils tub, c'roaunTN hlcher tlnn
ostld, 07, tJ else, creanierv esc i an ('(2 , core).
17r llrt, (8S to 111 eore) (IJ's id lldc. pack
Int teick current make. No -' Uc
KiJe.s I'lrm Tteceipt, Bssj e-usc, rre,li.
gathered e.lra llmt Bl.ejitne llrata. B7e
5Se , ,tate Pennsv Uanln anil nearb) wei.t
em hennery whites. Urate, lo extra, M
7Ji eiee.p PcnnwylvanU and nearby hen
iiti brown,, extra, iiOtei.iti do. gathered
brown, ind mixed colors firsts lo extra,,
BSd'AJe
C'UKIIRIJ Irregular lterclpl, S7S hoxc,
Hlate, wholo milk, flat, held cneclal, 3ta)
32e do mermen run. So1 ft'l'ii,. , stale,
wliule milk twins, held spoei.tl, Jij.tiJlc,
do, average run 20'i''et3le
RAILROAD EARNINGS
i NiON r.v. in. svsrr.M
Lamb, J128T22 few M2 10
1011.
I'ecemher sross S1.1i.l270
IlHlaiue after taxc, l,1Bn,k4
N'et lui onto nper 1 421,517
Twelve month,' ern,s 177.447.09S
Meilein.o after taxes ts SMI ciJO
Sec oper Ineenn. 40 0i2 6110
'hue a,
lid rease
lino 7,',n
i.ino.iiv.
l.llp,4Sl
1Ss0i)J,B21
'.' Clll.llil
I 125 570
Leniency on me pan m me courr.0in7B wether,, jibwibbo ewes
was due to the fact that the motive of 1 14 25. inixod aVep, tH.'.-aen 75
the crime vva( jealousy, unuer circtim
Kansaa "llir. Tab
.T HOOS-
ll-tlO'JH.SO.
stancea In -vvIiKh a French- jury usunliy I joooo juadi, ni) to in qmt niaher Uuni
acaulta tue accused, n.;jan,!'i "vriT,
'
'AjrfliSSB!-- yi UMUt.
Advance in Price of Lead
New Voili, I'd. fi -The American
Smelting nnd Inclining Co. todav ad
vanced tho nriee of lenel from X RAV -.
iu- 8.70c a pound.
Combined Reserve Bank Report
"eVasliliuton, I"cb. 0 The weekly re.
poit of the combined condition of the
twelve B'ederal Iteserie banks nt the
rjofo of bijtiness on Friday, l'ebru.iry
fk announced bv the Fedetal Reserve
lionrd, is as follows (000 omitted l .
nEsourtcEa
reb .1
Cold coin nnd certin-
Gold settlement fund . 431 100
Gold with forelsu agen-
c'ea til 021
Jan
$:; wo
130,524
111.321
.-!!' K0.1.'! hilhr banlt S3 8"
Grid with I'ederal ftp.
se.vo agent, ... i itfi 417
Oolet redemption fund
with U. s. Trcan.... 121 2B0
770,001
1,110,426
114,229
Total cold rpitervp S. on, eiui n tun .n
Legal tender. ,mr .-'"-' -".'"'
tlOcatr,, ailbaldlary
-"" 03,000 01,277
Tptal reserve, 12,051, 050$.',O73,)3j
mil, discounted tecurcd
by covt war obllg. . . J1.451.BB7 $1,467,802
'?' . "'r . 751, 0SJ 71rt.fi,
rU-Vlllllt rsnisn ".'"'
l.lll.
maikel
554,750 681. ai3
Total bill, on hand .J,758.260 .2.735,870
If B Govt, bond, ....
U H, Victory note, ..
U H certificates of In-
debtedress
20 770
03
276 0flt
27,030
81
276 121
Total other esrning
aitei.
t3.00l.102 13.030 101
10.559
nank premise, ,. 10.688
Uncollected Item, (do
ducted from trro.n He.
POlltl)
5"o redemption fund
again, t I'ederal He
serve Bank not.,.,.. 12,232
All other resources.,.. 5,04s
600,071 033,123
12,260
6,341
Attractive Investment
Offerings
THE February Issue of -vestment
Recommendations, pub
lished by our Bond Department,
contains a diversified list of bonds,
notes, and preferred stocks, yield
ing attractive returns. We shall
be pleased to send this booklet on
request, and to give you statistical
and other information regarding in
vestments, with particular reference
to your individual requirements.
Guaranty Trust Company
of New York
New York London Liverpool Paris Havro Brussels
- $50,000,000
$800,000,000
Capital and Surplus
Resources more than
Clayton F. Banks
Correspondent
421 Chestnut Street, Philadelphia
Telephones:
Bell, Lombard 4091 to 4699 Keystone, Main 438
Total moOrie, ,, I8.O10.O8J 16,0744113
WHEN FOREIGN EXCHANGE
RETURNS TO NORMAL
A French 5 Bond costing $74 would bo worth nt par $193,
an increaie in value of $119, or over 160
Tho yearly income now worth $3.90 or about GJ4
would be worth $9.65, or over 13
on the original investment that cost only $74.
IN ADDITION
French 4s at $53, would be worth $193
Britijh Ss at $317, would "be worth $485
Italian 5s at $51 Va, would be worth $193
Belgian 5$ at $77, would be worth $193
Tho opportunity is seldom offered to purchase a Government
security paying a normal rato of interest with the possibility of a
very substantial profit.
Direct Cable Communicationt with Foreign Countriei.
EDWARD B. SMITH & CO. ELKINS, MORRIS & CO.
1411 Chestnut St. Land Title Bid-;.
?
i(e(iVdi1.'l!r,ye-...eiifiAiii(at -H,i. ;irf'Ji..-lw,-iiAot uV , -II. u ,..j '('(' iJaisI
II