Pffwi;
EVEXIX0 PUBLIC LEDGER PHILADELPHIA, HOXDAi, FEBRUARY 9, 1020'
iyf?
V.i.
&
"The Best
Book of
the Year"
Free to any man who
is interested in the mar
ket and who wishes to
know
The General Rules of
Trading.
How to Give a Broker
Instruction?.
Brokers' Commission
Charges.
How to Indorse a Stock
Certificate.
How to Use Collateral
in Trading.
How to Group Invest
ments. The Deposit Require
. ments for Carrying
Stocks on Account.
T!o Rights of Stock and
Bond Holders, etc.
Written in rlmplc lan
guage and easy examples
given. No obligation.
Edition limited. Call,
'phone or write at once.
Ask for No. T.U.-690
JONES & BAKER
SECURITIES
Widcncr Bldg., Philadelphia
Phones Bell, Walnut G065
Keystone, Race 2290
Dtfct Private Wires
Offices in 8 Principal Cities
NEW YORK BOND SALES
Summary of Individual Transactions on New York Exchnnso
CURB LISI DROPS
Am Smelt & Ref Gs
tooo .... XSi)i
J 001) 83i
9000 . . 83Vu
AVii Tel & Tel Co 5
loon l n't
tooo .... ii
7000 81
Am Tel & Tel Co 6u
1000 .. . 97i
1000 97V4
:iooo 97 VI
1000 D7i
1000 07Vi
Ann Arbor It Cc 4s
2000 .... 51
Anglo-French 13 5a
CORPORATION
Income and Excess
Profits Tax Matters
Expert preparation
VJ10 Returns
Expert Review
1917 191S 1919
Returns
Consultations
Conveniently arranged
Phone: Filbert 'J430
Benjamin Robin
fFormfr'y tiflh Eur Int. Kev )
Consulting Accountant
219 North American Building
DAVID LEVIN. Resident Manager
TliBOS Blda
Wash., D. C.
Trinity Uldg.
Nfio York, .V. 1.
300ft
i.1000
5000
4000
IIG0O
10U0
COOK
1000
1)000
2000
.".000
1000
7000
1000
J.I00
35000
5000
10000
tooo
s sen
13000
sooo
1 000
5000
100000
10000
30000
1000
..000
1000
sooo
1 000
3000
sooo
3000
1)000
fiOOO,
,000
1000
mour
1000
lch T
1000
Uch T
100O
3000
SOOO
8000
1000
1000
2000
1 looo
11000
03?.
. .. 93?4
. . . D3T
93?i
. ... siS'Ji
. . 93!i
. . . M
. . . 93T4
. ..'03
. .. 93i
93T
. . 93'f.
. . 93
93'
. . 93 ?
93 Ti
. . . 93',
. . 03--4
94
93-n
!)3! '
. 1)3" l
93!!
93T
113 ? i
. . 935i
93
. 93'i.
. 03
. . . 03n
. 9 3 Oh
93-
93,',
t)3 '
. . OS'S.
93 Vi
93?
9301
93'i
& Co IHh
. . 83
& S I'e aj
r.6
i S Fo (a
. . . 769i
. 70V1
76,
. . 76
76
70
. 78
7
76
1000
2000
13000
1000
1000
ISOOO
SOOO
74
71
74
74
74 V4
74V4
lit'.
City at Lyons B 6s
SOOO .... 90
10000 . . . 90
C of V Y 4a of '57
2000 .... 8B
i C of ' Y 4isof GO
1000 92
'C of N Y Us of
May '67
' innn ns
City of Paris B Gs
1000 .... 90 '
1000 ... 90
1000 . .-. DO
SOOO .... 90 '
City of Toklo B 5s i
2000 57 !
1000 (17 Vi
C Loralne & W R 5s
sooo 01
Colo & Southern 4 ,4 '
1000 .... 70V4 i
1000 70V4 J
Colo Indust Co Bs '
5000 . . 73U I
Consol'd Gas Wt "s r S C'oip of N J 5a
Oregon Short L la
23000 78
Penns. till 4s of MS
2000 ... 82
Pcnna nit cm 4 Vis
6000 . . . 70
0000 . . 79
Peimu It 11 4i4 'SI
2000 . . 97 Vi
Pennsylvania IIH S3
sooo' . 899i
3000 89J
2000 . . . SO'-i
3000 . . S9V4
SOOO . 89 Vi
2000 . . HOY
2000 9Vi
SOOO 89
6000
SOOO
2000
SOOO
3000
12000
1000
000
Boo
290
.fflo
90t
99 "4
09
99
99
99Vs
99
00 H
99,i
Caltimoie . Ohio cv
I 3000 . . GOVi
1000 . OOM1
I 1000 0Vi
10000 . KHV-j
I 1000 OOVm
1 Baltimore . O 3 'is
2000 . 79T
1000 .. . 7U
Baltlmoie & Ohio 5s
3000 . lVi
.109U . Ui!i
Baltlmoie & Ohio Cs
Corn P It Co 3s
3000 . . . 100 I
Den & Rio Grand 4s I
3000 . . . 01 9i
Detroit Tunnel 4 Vis
2000 . . . 76i
D of Cana 5Vis '21
1000 .... 96V4
Dom of Canada '26
sooo . . 03 V4
SOOO 93 Vi
15000 . . 03VJ
Dom of Canada '20
2000 . . 03'i
0000 .... 04
Dom of Canada '31
9000 . . . 91
1200O ... 91
East Uy of Minn 4s
5000 ... 78
Erie It It Gen Lien
1000 . so?;,
Erie Kail Rd Co Is
10000 . . 31
Hudson & Man fd
3000 53
6000 SSVi
1000 55
3000 . . 55
Hudson & Man In
10000 .. 14
Illinois Central fd
3000 . . . 70
Illinois Central 5 Vis
1000 .... 91
Imp Jap Govt lei
10000 . 71Va
1000 . 71i
1000 .. 71?i
1000 72
26000 . . . 72
4000 . 72
2000 . 72
Imp .lap Govt 2nd
2000 . . . 61
3000 61
Reading IX R Co 4s
1000 . 79
4000 79
R Grand & V R. 4s
1000 ... 62
R I Ark & Lo 4i4
1000 61
80011 59
1000 . 61
1000 . 61
4000 61
San An A Aj-ansas
Pass Ry 4s
1000 . 56
Seaboard Air L aj
60011 . 32
1000 32
7000 . . 32
SOOO . 32
Seaboard Air L fd
3000 45
Seaboard A L sta 4s
2000 60
Southern Pacific fd
5000 . 76
2000 . . . 76
Southern Pacific 4s
1000 . . 68
Southern Pac cv 4s
1000 78
10000 ... "8i
3000 78
Southern Pac cv 5s
1000 27
Third Ave K R U
1000 45 I
Union Pacific Hit cv
2000 84
;ooo ... 84
1000 ... 84
.Union Pac R R 4s
2000 .. . 81
2000 .... 81
2000 .... 82
Union Pac R R Gs
3000 101
2000 ...101
4000 ... 100
3U0O 101
U S Real & Imp 5s
1000 . . 76
2000 76
V 8 Rubber Co o3
1000 . . . 84
1000 84
10000 . . . 84
4000 . S'l,
2.1000 . 84
U States Steel Co 5s
TO LOW LEVELS
Early Firmness Followed by Re
action Due to Break on
Stock Exchange
INTEREST CENTERS IN OILS
2000
lbon
7000
sooo
1000
3000
6000
4000
2000
4000
3000
96
06
a
96
96
96
96
96
96
96
96
UKofOB&I 21
3000
1000
4000
lono
:nou
j 000
1000
1000
3000
2000
100011
II (Mill
2000
:i
83
82?i
83
83
82 i
82'i
82 -4
K'lf,
82
82 2
H2
82
10000
10000
10000
JOOO
1000
I 25000
3000
9000
70
70
70
71
70
70
70
71
10000
23000
8000
1000
.'000
SOOO
10000
10000
3000
10,000
1000
1000
2000
.100
100
100
100
. 99
99
99
09
.100
100
. 00
.100
09
1000 . .
4000 . .
1000
2000 . .
3000 . .
12000
6000 .
SOOO . .
0000 . .
U K of (
rets of
sooo . .
30000 . .
1000 . .
1000 .
4000 ..
5000 . .
6000
2000 .
12000
1O0O .
1000 . .
03
03
93
93
93
93
93
93 la
03 Vj
B 4s
92
92
02
91
91
91
91
91
91
91
92
Spencer Petroleum ...... 18!i
Texas Ranger HI'
Un Texan ............. , IVi
Victoria Oil new IVi
While Oil . 31
MINING
Alan Britten Col U
Atlanta 24
iwicner umu 0
Helcher DlWilo llu 20
lSooth 11
l-atnn . Mont 09
Cnleil .Mlnlnir 30
Camleliirlii M K
rrercent McNalnara. 4
Divide Extension II
Uurrka Croesus 1 yii
Oold Cona in
tJold j)eveloi 13
GoM ICewana 8
(lold Mercer 3
Clold Silver Pick I'
GoM Zone 33 ,
(Jreat liend 3
Jumbo Extension
I.outs!ana Co t
McN'amora .1 U
MrtMli Mining- 22
Mother I-ode 6"
Murray Mob 76
North Star 0
Ilex Cona 8
Koclicster Mines 10
Kopo Oroup U
Slher Klntr of Ariz U
S Silver Uad t . . VI
Succeed Mlnlnc S'i
Tonopali llelmont 2a
Tonopah C'nsli Hoy .... 8
Tonopah Divide 2Ta
Ton-Jlnt H 2
Tononalt Midway 17 .
Tonopali Mining . .
rorKpan Montana
18 H
" 1U
1
i;
SOU
lfttt
iu
VJ,
IK
SOU
S'
(17
30
"4
w
1A
13
13
3
3
II
Now Yorlt, I'eb. 0. The ourb mar
ket phowe'd 0. moderately firm tone in
the early trading, but around mid-day
pressure wai renevcd-n,nd the entire
Hot generally moved to lower levels
followinc the further breale in prices on
the 8tock exchange.
The oils continued to nttiftct most
attention, some of these issues being in
o,i rinmnnrf iluvlne the mornlnc. with
the heaviest trading in Slmms l'etro- 1 T.onJopt?0tn'!n:ue Eul
lctira. that stock moving un to 4304. united Eastern' ..'. '.',
hut declining sharply ngain around Utah nov . . ...
noon. General Asphalt dropped 4 points
in the earlv trading to 04, and, nftcr
ralhing to H7M:. fold off again. In
ternational Petroleum ranged in the
fin-t halt of the day from 00 to 5S'j.
Uencral Jlotoru vn8 one of the weak
features, falling U points to 2S. Mar
coni of America was traded in at 4'.
to 4I4. Retail Candy at 15 to 14.
Submarine Koat at 14 to 1- Aetna
r.xplnsivc at S, while Montgomery
Ward was in demand nt 115, later de
clining to .":?.
IMIUSTIMAI.S
West Und ('
While Caps
White Caps Extei
Terlngton . . . .
IIONDS
Allied Pack s . ,. .
Helslan Gvt s of '23
Husslan B'is
Ilusslan fi'iB ,
Sulss Got 5lis
12
20
Bit
76
9
X
19
n
u
OS
i4
17
1SU
"sii
Jl
20
I'll
6
611
Si
m
13
3 .
3
H
S3
3
7
'J
S
76
9
X
19
70
90
20
iB
80 !i
-
70
nr.j.
.1'
20
S0K
4)
U
Si 4
2?;
24
17
22
r-4
i
iiH
70
90
20
20
80 'i
NEW YORK COFFEE MARKET
Mow York, Feb. 0. There was a de
cline of 12 to 25 points in coffee this
morning, the greatest change being in
the distant positions, which were rela
tively firm on Saturday, and lost part
of their premium during today s early
trading. Wall fclrcet was n seller 011
the call, thought to bo due to continued
long liquidating. ,
The world's supply of coffee na of
February 1 was 0,471,844 bags, which
showed a decrease for the month of
January of 485,874 bags.
TbO VIS1DI0 supply ngmea uo uui .u-
clude .1,078,000 bags withdrawn from
the stocks at Rio nna auuiui uy iuu
Urazilian Government.
sat., Today'a 11.00,
..in onen a. in.
.... 14.16017 14.03 14,03
.... 14. SO ft 58 14.35 14.33
.. 14.T475 14.68 14.08
'. . 14.83067 14. 40" 14.40
March . .
May
July
September
DIVIDENDS DECLARED
dreen Hay and Western Itallroad Co.. an
nual dividend, of B per cent. 0 per cent on
olaea A debentures and H of 1 per cent
on "as. II debentures all payaMe Tebruary'
24 to stock of record February -0.
Pittsburgh Plate Glass Co.. M d vl
j.hh f r, nor cent on common ana Annual
12 pr cent Pon preferred-, both payable March
1 to stock of record February 12.
Porto I?an-Ainerican Tobacco a dlvl.
dend of 3 par cent, payable March 4 to
Stock of record February 14 Ir, i three-.ear
6 Der cent scrip redeemable Marcn 11. 10-J,
In cash or atock at option of company.
Tradlnn Good on Paris Bourse
Paris Feb. D. Trading was good on
the Bourse today. Thrs per cent
rentes were quoted at 58 francs 5o
centimes, exchange on Loridon 48
francs 75 centimes, 5 per cfut loan
87 francs 00 centimes. The dollar was
quoted nt 14 francs 4SV2 centimes.
GOVERNMENT BONDB
nid
Panama coupon 2s, 1038. ...... 10O
Panama registered 2s, 1038 100
Panama coupon 2a, 1988, ......100
ranama registered 2. 1938 100
Panama coupon 8a. 19 Jl ...... . 8
Panama resisiereaoa, iin
Philippine 4f, 1984 i,
Philippine 4s, 1938.
Philippine 4. 1080. ........
V a Govt coupon 2s. 19J0...
V H Oot registered 2. 1830.
U S Oovt coupon 4s, 1825...
U S Govt registered 4s, 1025.
DIs of Columbia 3-03s, 1924.
88
90
no
90
Ask
101
101
101
101
00
110
95
OS
9.1
.100U 101
.icnvi ioi
.1064; ioou
.10B4 100
. 97 ..
CHICAGO BUTTER AND EGG3
Chicago. Feb. 9. BUTTER. Ixmer.
Creamery. BOOCBc.
15008 Lower. Hecelpts. 8623 1 JMd.
FirsU. BO cental crdlnarv firsts, 42848c! at
mark, cases Included, 4804OHC.
Liverpool Cotton
Liverpool, Feb. 0. There wag a fair
inquiry for spot cotton today with
prices steady on the basis of an ndvane.
of 40 points for middling at 28 v"a
The siles were 7000 bales. The re'
celpts were 12,000 bales. Including
1100 bales American. Futures w.r;
quiet In the early dealings. Spot nricM
were: American, middling fair'
83.37d; good 'middling, 80.3fd: fun;
middling, 20.37d; middling, 281
low xnlodUng, 25.32d; good ordlmTrv'
22.87d, and ordinajy, 2r.37d. lu'UIlrr''
BAR. 8ILVER
Bar silver wsfliquotcd In Londonjto,
day at 88d an ounce, down (.
A Marvelous Show
IT K of O B & I
rets of '29
6000 . sfn
4000 . 91
29000 91'.:
12000 ... 91
9000 9ia
i.f K of G 13 & I '31
3000 . . . (13 Vi
r High 1.01V
, U-mc Co.il 1" 1 '
A'tn.i Exploslxcs . H 8
AmerlCHn Ma'rconl , 4!4 Iu
Amor Safety Razor 11'. 11 U
I Car Light 2', 2"i
rolumbla Krrerald 12 11
Karrell Coal 10
.(leneral Asphalt 97j U4 'i
(Sener.il Jlotorn 30 28Vi
lladen Chemical 6 4
M-ntsomrv-Vald 3.1 3.1'
North A mcr Paper 6V !'f
Perfection Tire fiji r.H
. nudlo Co -'i '-'i
I llepublla Tire. Hub 3! 3
I Standard Ship "'4 7'-j
Submarine Hjat 14 ihvi
tt S Steam 3V1 3U
Cnlted Itetall Candy .... 16 14j
United Profit Sharing.... 2' 2'4
rillted Plct Prod 13n 13
lr s Trans Ills ll'i
V Vlvladou Inc IB 17
I.MSI
IS
8
4U
US
2t
11
40
IMI
281.
6
3.1
:
iK,
3U
13 2
3U
1.1
I.
131,
11
IS
Seltzer-Klahr 'Hardware Co., Inc.
Jobbers, Manufacturers' 'Agents
and Wholesale Distributors of
HARDWARE AND CUTLERY
535 Market St., Philadelphia
Make Booths 1 76 and 1 77 at the Commercial Museum
your headquarters, during the Hardware Exhibit. You are
welcome.
INDEPENDENT OII.
Allied 0.1 ...
Alliance
Ain.il lloalty .
Rell l'etroleum
lioone on
U K of Ci B & I '37 Boxon luomlng
Imp Jap Govt 4s
3000 . . 09 Vi
2.1000 s:-
23(ioii niC'M
10000 .17-Jt
10000 37 2
Indiana tteel Co 6s
000 91V
Inter lletio Co 4Vd
10000 IS1,:
B & O So West 3-i ' 1000 16
4(100 . IOVj I I""" lfl
200(1 .. IOVa L 1000 16
711
I ,
LIBERTY BONDS
All Issues
Bought and Sold
$50 $100 $500 $1000
Graham, Parsons 3c Co.
435 Chestnut Street
Philadelphia
City of Marseilles
Lyons and Bordeaux 6s
to Net 7.05
Charles Fearon & Co.
333 Chestnut Street
2000
4 009 (19 Vs
Balto & O P & I4 E
Wcit Va Sva 5s
2000 . . 34
, Beth SJteel C Gs '36
1 SOOO 83M
I SOOO 83,
B Copper SI Co 6s
1 2000 OlVi
j Brook Rap Ttans I;
1 3000 4 0
I Bush Term Bids 5s
tooo ... 73
I Canada S Rally 6s
3000 ... 82
i Vnt Dlst Tel Co Is
1110(1 - 96
I Cent of Georgia 6a
I 1000 . 8914
j Cent Leather Co 5s
1000 91 i
1000 95
3(1011 94',-,.
Central PaclHc 1st
soon !
Cent IIP. of N J 3s
'.(Kill 99
I 20011 OUT
dies ft Ohio 4 us
1000 . . 74 Y
lonn . 73i
3000 ... 77Vi
Ches & Ohio cv Ss
inter Met ct 4Vsa
uiooo 13
Southern Rallys 4s
1000 .... 57'.4
1000 ... 58
Southern Rallys 5s
looo . . 83V2
2000 ... 84
Southern Ry SI & O
Certificates 4s
1000 30
St L, I Sit iz S R la
2000 . . 72
St I. & San Fran aj
8000 . . 59
GOOD ... .18
20011 . . 38
i St I. & San Fian In
3000 . 10 "j
1000 .... 41
3000 ... 4(U
1.1000 ... 41
20011 . 41
1000 . 4 114
St I. & San Tran A
1000 . . 55!4
1000 .. 53i
40AO 56
4000 .... 5504
5000 . SSVi
2001)
3009
11100
100O
10(10(1
2000
10009
2000
2000
1000
1000
100(1
1000
1000
10(111
9000
86
8(1
86
86 ,
93?4
86V4
86t(,
86
8 6 Vi
86 Yl
86 Vd
80 Yt
8(1 Vi
86 Vi
86Vi
86
l.urknett Van Clne .
Carlb Sn
CMps WU-e "B" itfa
Cosdfn Ss Co .
Cu-hlns Pi'troleum
Dominion
Klk liasln r.t
Federal Oil
Ullllland ... - ....
Olenrock Oil
Guffev Cilllesplo . .
Home Oil
Houston Oil
Inter Petroleum . . .
Invincible
Island Oil
Klnc Petroleum ....
Jlenltf Oil
Xlo'ropolltan Pet
Mexican l'an
Omar Oil
Phillip' Pet
man Oil . .
Salt Creek Prod ....
Sapulp 1 Keflnlnff . . .
!equo iih oil .
Inter Rap Trans fd St , & San Kran B
SOOO
3000
1000
1000
,49
4834
48i
49
Intern'l Aer Corp 5s
1000 . . . 78,i.
In Sler Slarine 6s
1000 . . 90
1000 . 90 I
3000 . 9Vi 1
Iowa Central RR 4t 1
1000 .... 10 I
K C Ft S & SI R bs '
1000 99
Kan City & S Ry 5s
1000 .... 70
1000 6oy
S1L1 & Sweat RR en
2000 . . 51V4
Third Ae R R aj
2000 .... 58
1000 ... 58
4000 SSVi
2000 68V4
1000 . . 58V4 '
Utd Ry Invest Co of
Santa Fo 5s
7000 70
ITtnli P T. Ho r.t Mkellv Oil
100C0 . 93'8 . Slmma 'Petroleum
Vlr Car 4. Chem 1st ! .
1000 93 'j
Wabash II It Co 1st
6000 . 87'4
900O .. . 87 Vl
West Slaryland 4s
10000 . . nou
Western Po RR 1st
5000 .... 68V4
7000 . . . SIVb
Western Union 4 Vis
SOOO 82V4
Wilson Co cv
1000 0li
3000 92
Wilson Co 1st
1000 .... 97
10000 97
1000 . . . 904
Wis Central Rly 4s
1000 . . 6S
::
let,
. 11.
Hi
. i,
IVj
34
. 404
.
. CS
. 3',.
. 40
. 3'i
. 30Va
. 3
.110
. now
32
. 5$
. 20
3H
. 11
r.
87
3H
.vi
fl
141
43
lit
1
3U
1V
-?.'4
40Vi
f
13",
3J
39".,
3.
30h
a
110
.i
30
20
3'
.IN
3.V4
3S
49
1(1
12'i
16
S.
1'.4
3U
1J
32
4.M
lll
sta
3s1-
3
30 w
3
110
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32
6"-i
as
ss
11
r.n
sot,
3V
40
5W
43
STING
liOAL
KARBU
ilTOR
Mil SAVE 25 TO 40 OF YOUR GOAL
Sec Demonstration Penna. & Atlantic Seaboard Hdw. Exhibition
COMMERCIAL MUSEUM, 34th BELOW PRUCE ST.
FEB. 10-11-12-13
or at Factory of
FflED'K SABIN CO., Inc.
HOWARD MILLER, President
237-239-241 BREftD STREET
HEATING ALL KINDS WE DO IT RIGHT AND GUARANTEE IT
mSm
(iwfocnwltmual
tinymfe?A.5,&u6ifeonl
OF THE.
PENNSMMNIA. AND
ATLANTIC SEABOARD
WismmE assooaiion
INTO.
(hmmercialjtfuseum
)ELPHIA.PA.-
feoreatest
HAKDV?SRE
EXHfBIT-ln
history;attmding'
Diwers oievei
nation.
ADMISSION BY TICKET ONLY
Get Complimentary Tickets From Your Hardware Dealer,
or at Ticket Office, Commercial Museum
DOORS OPEN TO VISITORS 6:00 TO 10:30 P. M.
MUSIC EVERY NIGHT FINE ORCHESTRA '
SHARON K. JONES. SECRETARY, PITTSBURGH. PA.
riIII.ADKI.rniA ADDRESS: commercial museum, hardware exhibition
mil if 1 REG-
TRADE
MARK
The Name to Go by
When You Go to Buy
' PAINTS
STAINS
ENAMELS
VARN1SHE
K U -ii iJAiJ
COLORS
Visit Us nl the
HARDWAR
SHOW
Booth 48
COMMERCIAL
MUSEUM
Zith and Spruce Sts.
February 10, 11, 12, 13
1000
sooo
1000
1000
1000
sooo
1000
77 Ms
7 7 Ms
7
771
77 V.-77'4
77M:
CIils & Ohio cv 4 lis
1000 . . 7?"4
4000 . . 73
;hi Alton 314s
SOOO . . 20'V,
1000 SO1!
10(10 'Jt)n4
rhl B & Quincy gm
1000 . 7HH
Chi B & Q II 3is
J000 711-
Cii B & Quincy Is
Today's Range in Liberty Bonds
... . . 1-J3
i Illffh
Lib Bond SVjS... 117.00
'Lib Ttond 1st 4s.. iHI.IKI
Lib Bond 2d 4s. . ilO.'-'O
Lack Steel Co of '30 ''!.u 'i0D .V, i,4. fVT
r .hlc-h Val R Co 4a ' J'ID onu .u tyjs. ;j.i..m
Vic Notes HV. .' hrins
Viu Notes 43is.. 07 00
inoo . . 71
3000 . . 70:5,1
1000 71
I.ehlBh Val t-n 4 'j
3000 . HOj
000 H0
Lehigh Val It Co 63
sooo . sow
1000 09
2000 'IDi
nooo uoi
Liggett & Myers 5b
2000 83Vii
Liggett & Myers 7s
3000 106
Mid Pteel & Ord 5a
6000 .
8000 .
StOOO
3000 .
1000
1000
3000 ,
Minn ST
S3
. 8294
81
83
82Vi
82
P & Sault
T.oiv
fIB.SO
oo.ss
fcO.OIJ
ni.20
no.'-'o
i.:i8
no. lis
II7.MI
07 SO
013.80
00.00
89.00
01.30
00.32
03.42
00.30
07.80
07.SG
t
A Message
the American Public
BUSINESS NOTES
.1000
30011
300(1
2001)
11000
10000
1000
18000
28000
93-n
01
93i
931!
03"4
03",
03T
03i
!)3'4
EUGENE E. NICE
268-27 J S. 2d St.
20.1-207 Spruce Stt
Chi it Grt West 4s
I 1000 54';
j 6000 ."il'.h.
1 1000 34
I Chi M & Si 1' it
I 220(11) fiOVj
, Chi M & St I D Is
I 1000 Oll'j
fill M & SI 1' M 4:
I 300(1 38 ' j
! Chi Jl i St P c4Vj
1 3000 Ji7'i
2000 H7U
2000 (l7,-4
' 700(1 07 ',
1000 (17 Vi
C M & Si I' Bin 1 ':
10OO 7 Hi
1000 . 75
Chi M i St P cv at
SOOO . (17 Vj '
j Chi Unllvay3 Co ..j
1000 . . 68Vi
Chi It 1 & I'ae !
1000 . . (i.l i
7000 . 63
2000 . . 3";
' 1000 . . . aahx
4000 . (!3k
3000 ... 63 Vi
Chi Unio Sta 4'jn
1000 .... 79
Chi & W Ind Hit (9
2000 .... 56V
1000 . . SOVi
Chile Copper Co Cs
1000 ... 70
1000 . 78V
Chllo Copper Co 7s
ooon 101 v
nooo 10:
3000 1029;
1000 . .. lOJVi
tooo ..,.mz
.ste Marie Ry 4s
1000 . . 78Vs
Mo Kan C & Tex 4 s
10000 . 37
Missouri Pac cm 4s
3000 . . 34"Ji
10000 . 5494
2000 54V
300O . 51
000 a4"4
Mon Power Co Bs
3000 8 Hi
2000 82
New Orleans Texai
& Mes Rly Bs
3000 S2V4
X V Air Brk Co 6s
tooo . . . 98 Vi
X l'Cill R R 3i
1000 . . . 0Vi
1000 . . . 00
1000 6BV4
- y a & a r n 4 i
."000 ... 77 Vi
s Y C & H It It 6s
1000
92
I
200(1 93V4
1000 .... 02 Vi
1000 ... 92V4
1000 . . . 02".
1001) .... !)2
100(1 . . 92
(1000 . . . 92 U
Y Cent L S 3'Ax
tOOO . . . A
1000 .... 39
1000 . . SI)
V Y N H & Hart 6s
1000 ... 70
1000 .. 70
" V Telephones 4
1000 . . 80
. Y Telephones 6s
2000 . 93
: y w c & n iV,n
inoo . . 30Vi
2000 36".i
1000 .... 36
Norf So R R Co Cs
100(1 . .. 40
.Vorf & West cv 61
1000 ... 10 Uf,
9000 ....101
5000 . 1007.
Northern Paclflo 3
3000 . . S2Vft
2000 . S3
Northern Paclda 4s
1000 .... 7494
1000 ... 74
J000 ,... 75
Trice changes In the drug and phar
maceutical markets are not especially ,
startling. Shortage of many supplies 011
the spot has resulted in a decidedly
stronsr undertone for many qualities and
there is no hope of nny Important In
creases in the near future. I
That exhibitions of American cowls
in foreign countries may prove of th
greatest value is conclusively demon
strated bv the results of the recent ex
hibition of British manufacturers in
Athens, which produced orders aIUcd
at no less than $10.t)00 000 1
Activity in the chemical market i '
not especially pronounced. This does not
mean that there Is any material falling
off In the -volume of business; it simply
indicates the strong position of tho vari
ous markets and inability of manu-.
facturers, or second handi as well, to I
offer in great quantities. Most of the I
producers aie well Fold up, somo even
for the entlrf year and their activities
will be directed mainly in trying to fill
these oiders. Just now deliveries are,
difficult. '
The production of petroleum In the
United States in December. 1919. ac
cording to the L'nited States Geological
Survey, amounted to approximately 3.!.-
B08.000 barrels. Tho average dally rate
was 1.04S.64G barrels, which was less bv
21. 821 bairels than in tne preceding
month A decline In production was
registered In all the fields excepting
North Louisiana, the Appalachian and
the Lima-Indiana
The Kituntlon In retard In pic Iran
remains the same as previous reporis
Production Is showing some Improve
ment, but it Is still far below actual
needs, ,uid mills find It Impossible to
run anywhere near orders on books
The car shortage and the seere cold
weather naturally plav haoc with trade
conditions and the outlook is sinvthlns
but favorable for free deliveries during
this month and next.
Abyssinia Is one of the markets that
we know nothing about. Yet Ahvsain
lans want .to buy illreit from us such
things as cotton gooes, thread, blrnkets.
soap, sugar, salt, jute sacks, petroleum.
nans, zinc, razors, unies, pacuocKs,
hats, grease, cod-liver oil, medicines,
sardines, olle oil, glass, glassware,
lamps, velvet, silks, handkerchiefs,
leather goods, dves, shoes, and ready
made clothing. There is a rwil trading
opportunity.
The best method uf promoting sales
of candy in Ureece. It ls suggested, is
that samples of various hard candies,
with prices, might bo sent to some agent
in Athens for use in canvassing tho
market, writes John H. Madore, United
States vice consul in that city. The
market Is hardly Important enough now
to justify the sending of a representa
tive, unless no came irom some near-oy
field, and It Is not thought that a market
could be developed merely through cor
respondence. Trade Commissioner Carlton Jackson
Is of the opinion that tho Importation
Into Peru of good lime, both hjrdrated
and unslaked, would be a profitable en
tmrlnA. Thfl lime made In the city of
Lima has probably "less than 00 per
cent of the efficiency of the nrst-oiass
Amprlrnn nrnducta.i' navs Mr. Jackson.
and yet it sells for $3 gold per- barrel of
240 pounds. Pure limestone Is known
to exist In the mountains, but la Inac
cessible because of lacK" of transports'
From J. Ogden Armour
President, Armour and Company
1
For some time we have had a thought with which we have
wanted to acquaint the American public, and it concerns the
future of Armour and Company.
From a small beginning sixty years ago, serving a few people
locally and under the management of the Armour family, we
have expanded to a point where we now serve many; millions of
people all over the world.
We have come to the view that a wide distribution of
ownership of any corporation serving a large number of people
is of advantage not only in maintaining the human relation
between employer and employe but between those from whom
it buys and those to whom it sells.
Realizing that a business of the character of ours is so necessary
to the public,we believe they should beaccorded the privilege of parti
cipating in its ownership. As a beginning, two years ago we offered
our debentures, which were exchangeable into preferred stock.
As a result, we now have eleven thousand preferred stockholders.
With the thought in mind of further public participation we
have decided to segregate our leather properties. The announce
ment of the offering of preferred and common stock of the
Armour Leather Company will be made in this paper tomorrow.
J. OGDEN ARMOUR
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