BVl3SLiG'BMibPHIA, tBAY, MMHHUJ&Sr. 24; 195$; P mI' iVrH- :J.WS ,vi it ' '-U t ?J ;WM : f i" ;., I, I: MARINE EQUIPMENT SECURITIES Tho American flag, flylrR In hundreds of forelRn ports, In now the rule. Marine Equipment Securi ties, carefully selected, rep resent today nn Investmcn' of tho highest order and are offered by tho leading bankers). A lilO"; equity, n Mill tc- urn v.lth h larse olnklnp fund plus 2"ci o' thf net earnings, bonds callable n' 103. make nn unusua' equipment Investment AacKiesCo. Investment Banker Utt'lbrts FlHla E'oek Exchaiiss Heal Estate Trust Bldf. Phlladelpht To Holders of Cities Service Company NEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATM CROSS CURRENTS KEPT MARKET VERY UNSETTLED Passage of Railroad Dill Offset by Unfavorable Shotting of Federal Reserve Bank Statement NEW YORK STOCK EXCHANGE TRANSACTIONS Dlv, In New York, Feb. 24. Today's stock dotibtedly took a great many by sur- 9vrUhl;vfl1ctfnc:icr:!p;i;r- fortl!n tot r6 TT ivelopmcnts orcr the double holiday. The of ,hp railroad bill and the remarkable I rapid paiiago of the railroad bill by ' and favorable statement of the federal ;both Houses of CotiirreM was counter- j Heservc boanl n contliiunncc of last tile renewed weakness of forcicn ex- i lnp unexpected n-vcrsai oi uic marwei change, The Federal Reserve Hank of New lork, nccordmc to last week s state provoked considerable selling by many who had been holding for a wide and higher opening and who quickly let go. tup tecnntcai weakness of tne market L elTi.thn sa"tor-.minimum of position uas indicated In the severe dc referc for the first time flnco the -s- ,'.i-u rnrlfnri.t In ,,, oriv ,l.ntlm.. .fim5.1t , ,h Y?Za u?'",rrc Within the llrst half hour losses of 2 sjstem. The law permits the board may to S points were made by General nt it discretion usnenit reservo rn- f,.,.t c...ii.i ci i ...,., i.n,. t... ,qulreinents for thirty days but shall fiv,Knd Steel, llaldwln Locomotive, Amer. u graduated tax on the amount of the lean Woolen nnd Ro.Vul Dutch. tieneit below tho required nerccutoee. Sunnlompninrv Iobrpr nt tn n nnlnta In the opinion of professional AVall Street this foreshadowed hiirhpr inonrv ratp and more stringent mone market conditions. This argument, was not borne out by the 0 per cent renewal rate fixed for tho call loans. In all events the resumption of trad ing after the double holiday found the i national during the unsettled morning embraced t'nited States Steel, Uethlobcm Steel, Mexican and Tan -American Petroleums, American Locomotive, Studebakcr, I'lerce-Arrow nnd Chandler Motor, United States Ttubbcr. Endicott John son. Retail Stores nnd American Inter- I market in n vfr nnrnflri nnn.i;ti.. Rails of the better class were 1 to 2Mi Instead of u heavy accumulation of joints lower, but minor Issues responded t; r " buying orders, the opening disclosed nn i t0 renewed buying, especially Hock ' r-tiU1 CA n-U-. overwhelming amount of se Hoc. In IMnnd, New Hnien and Baltimore und i I x.i.i-iuu.v. v-.v.w wv-l"-1"'"-i Kimc quarters, notably the higher-priced !-,nl- 5 , SriM C vvm P.r C-nt industrial specialties, there was every Irregular rallies followed publication .scries v., ocven rcr v-tm videnc of genuine liquidation, which, i "f tho favorable export trade figures for 1 lloldars of iho idom: IVbetituref ut intervals during the morning, np- January. Thee wero canceled before ' Iffif. vK?hmi'U"1iv?n 7'L o'inn I'onrcd to be of quite nn urgent char- ' noon, however. Ocneral Motors aud ' (lo4r of ih mwtoP nrSS "otrr , Crucible Steel leading another rnmil. amount of Sen Debentures owned Possibly the early unsettlement of tho i Pressure cased for n time nt mfdday. ' 'by them rcrc-tieh- on February l"t market was due primnri to free sell- , but new spots of weakness were uneov i 1620. Conversion may be requested b ing b the professionals, nn the old- ercd in coppers, equipments and motor I .such own ern ni .an time aftr March established market theory that with the specialties. Low grade rails mean lof tha" Debenture'1 d?i?rdyio h '-'ood neus out be market was u sale, while continued to move forward, ronverted (properiv 'e-idorsVd If rcg-1 Th"" wu,s unquestionnbly n .-onsld- grangers and coalers mnklng further I lstered to Henry "i. Dohcrtv & Com- "able volume of realizing snles all I gains tinder lead of St. Paul common, 'p.ny. Flncal Agents, such Debentures along the line not only in the Indus-, and preferred and Haltlmore and Ohio, jjylll hi converted Into cities Service i trials but in rails as well. The latter, The list. Industrial nnd rail alike, ! RiC,!J!E?n. ILr.e.i'll'rei. ?!? . Vomm,i,J I n" a whole, put up more resistance than , continued to sag in the last hour. The , dKu bV:;mSZJTtllr ln wi I the former . latter in numerous cases lost all or a ' stocks will be isi.uid and transmitted, TtlP weakness at the opening un- substantial part of the earlier gains. (.to such owner' in tne amounts rcrpec i lively due f Hcno' L. Dohcrty & Company Fiscal Agf - C lfc Service Co I 6'1 Wall s-ret New York i Da.tcd, Tebruary 1. lf:n I European Internal Loans FRENCH BRITISH BELGIAN ard ,- t-V reign ' ,o. -.-hit-Bord i- i le p'j-rh.iSfd ar pres ent market rn'ra nn mmpara ttoly mi .ill s'iina o' mone; Biddle & Henry 104 South Fifth Street Philadelphia PS- 1 I ! ta ' ( PERFORMANCE OF CURB STOCKS ARE MARKET CONFUSING !N GOOD DEMAND to Industrials Softer Spots, but Homer Field and the Silver Whole List Slippod Away . Issues Among Most Under Pressure Active of List BEARS HAD ADVANTAGE GENERAL MOTORS DECLINES WRITE FOR YOUR COPY or out n uima jl. Investors' Pocket Manual VJ Clltnc full Information of all lilted an rcjoctt. Scott Stump Investment Securities 3lrmli- Crjiiolidalnl vjoti I trunnsf "if Neir orU STOCK EXCHANGE BLDG. rntuvur.iJMiiv Hell and huatuiio Tcleplionci New York, Feb. 24. The New York New Vorli, Teh. LM. The nroad Hvenins Sun's closing financial review -trcet curb market -howed n steady today say.i : tone, when tho pressure acainst the in- lU5inc.''s in today s stock nuirket was dustrials oE the stock exchanje is taken u performance of confuslnc und con- into ronsitoratJon nwlrly a!1 , r,rb Jisht on the real influences nt work, stocks beinR in Rood demand nt moder- Fartor nri.sins from neh developments .nieiy lower levels anu rallying eatily af ter declines occurred. The Homer Field stock Mere anion? ' the most active feature ncain. Sirim ' rnnKing from 1." to .Tl.. nnd then raovin? up to above 2.. "White Oil. after fallinc from SO to 2S. re covered ull its loss. there was n cood demand for the hi!- 'pulled this vay nnd that and betwecu them tho hears utiitzci every openins and they were not few to raid the list. In seneral it may be stated that the industrials were weak aud the railroad issues strong, although there were ex- l centions in both cases. Trading was con- ' l.----f - -.... . .,1 dl m mI va riT, L.lf. At nurifu on a inniicrui"" siun-, uuu us mr - siuvnn, wmen were exceptionally as the industrials were concerned was strong. Nipissing selling nt 11. PeHeers ; mainly of a professional character, 'was steady, -elling at 41'. to 41. Kuying of the rails, based, of course, (Jeneral Asphalt ranged from 87 to, nn the prompt passngc of the Cummins- 84" 6. ficneral Motors jif-ldrd from -7 i l-.ch bill in the House ami enate nnl io on a tair amount of trading. ' President signius tines Service was one of the rn;i L- falling from 40 to HO-'., and tho likrlihnnfl nf tho if Ms Minn ns tlio mcasuro has bf n feature-s. passed upon b.i the attorney geuerul. fanb Syndicate, nfter falling from 3.1:li i'umc from thi same sources a- iusr ' "j, raiiieu to anove r,x. North week, that is to sny, from those ul American Pulp was in cnnt supply, u , believed that their inwstment und sporu- smn" amount selling at rt. I lntive value could not be lower than . I'ri'ish-American Tobacco Co. con- 'before and may heroine much high. r. tinned lirm with sales at llli; and 10VA. i nnd from those win. had sold to i.Ul "oldwyn Pictures was another weak North sprincflrM rt(r rnmuanr oi. 1328 Orortia It'ilui I'ourr Inmminr.u turn rhlladrlphi.i l.lfxtrlr Compun' h, in" I lish loses for the federal taxes of J'.'l'.l. tinplrr (,. A furl foil. rrut . 10"tl nut. as a mutter of fact, save in a "'!r,,i'J"V,'",'l.lr iVT'V ;'"Pn is few Issue, like Baltimore and Ohio. St. onnl r r,H l,lf-trlr mummy ,. IDA n i t, , t i v , , v rr i, (oiniMi.v ui iii,,' i;V. lS:u Paul- It-"ding. Hock Island. V-w Jrrantou tlrrtrli' tuiupjni c. tU'.'O I Haven I lid Atchl.oii. gains were n.,t iin.rr ' "l,l,n l",l mimnr .V. 1931) lur-e It wns nerfeetlv evident thnt th.. VHIIIum.tinrt (,j ruinmni lt r,i. 103l " ' i. VPTU tl ,' 'OJ"ni Tnat in Trrrr. II iut IndljnjiHills A. 1,311, ,-. iojj movement of last week had been lttrgf l o,,,i i.- ni,;ii;n-i c r in tho nature of ditcouuting the uctiou aaiUUCI IV. I Illllips A: LO. nf the Congres,. and the probable ,wjr- Slrmbers j;'''l;l;'nh' Vp.lc IlhinBe 1 of th" Presid.nt. tenture. decllninc trom 'S m 9(m I'nired Itetail Candy ranged from 15'ii to 1 IU. iNnrTniAi Hieh Low S 2. A' n Coal An lnrcnnl . A: Candy Xrmo'ir La . . Hrtlsh Am Chm Hrlt-Airnr Tob eoup ''ilumMa r;mralJ . '."neral Aaphalt . .. jnral Motors Ii.dlan Facklnir N'or Am Taper ,. . Lawronce E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS . tais nna r.bTrr. tucst uuo. Intrttltitn nna ndjunt partncrthlu n( Ititotn Tai Retorui. i 11 inroiD fiwvriM. j Kfr' u Mi:imr. or Tin: nou;i or .v '", ' ,'" .' ' '" mioi..iI, Mlnli.B Co. nf .Ntl.idj hit .'.I i T..-sf, panv r' t ' t'j 01 riiiir,Uv Itr.-o .11 1 p. ni.. " nurt in.etir TueJ 17 13." Prt 11- I 1 ir tn, rf -'., 1 . fip o tO M HI v - nil 'M'-ins. - 'ir rtn if -' i 1' a' t'l u '-'id. rd-rtd Mhruars 20, n arnjal E t-1l itarch The principnl Influence, ientimentallj . nj- that a law would be un th statute liooks to serve ns crutches for the mini. , Orphcum nhen government control shall have nadVo'compnv ""'. been withdrawn, riome profc-ed t be nDublte Tir 'nub'TI! j-.errurbfd because of th" extensive ?-ubJnK'"' "oat '.iwers conferred on the Interstate (om- t'nltd ltt fai'i-, ... lerce Commission, but for six months . jJj pictr'l'r?d'ar'r''r' 1 t leut those powers will b" onlv norni- Wusne Coa! . ' . ' al. and tho interval may dv niueh to ard allaying such fears. Hi" of the niot t'lliiij.' fa tors in de I reusing the industrials ut the outset v as the drop in the fop'ign exchunges. Prelim inurj ligur for sterling had sight draftn ou London M-lling at ..".';."',. hi- thi- '.Hi an exaggeration vkhi''ii " as iiui''k!j corrc-ted by a rally S.!.,!1-. 1 R.eftlenunt enrued on pub r. iji 131? a ait US H hi 2,1 ia; n ni 144 3 DIliilemN nn: Ml.ltH.V (,1 to. i' 'inrMt-r fct. ( umdfii. s. ,. ,. , ' 'Dr ': -'1. lOl'O I prr .nirr. - o- r .;-l.irfd on th, 'arll sni re sr B Domlnlo- Dunuiftn" Hlk llail'i T"t i-.nirlnern J r I Ilrfl oi; Iieutioii of tl.i foreign trade tigures for ,,,,',; " Jauiiur. whii h disclosed an increase of iiou'n- o. -me .sj'.i immi.immi 1-1 export, where a ;" '" U' ' I.MM.I'I.MIKNT OII.S llled Oil .. . t, Amal Ilva'- . . s. Hoonft O". Tleston Vo-rir,i: MurKpett vnti '""ii) ctfs flr ufiT'use was looked for bausc 01 re- lln.ani m.,. . .( ,1... v.,..-,! ,,, .... Ar BklnmfinfL ' I an I'"'- "' '"" '' "!' '" . - "" I K In,. P, lo I.urope. mid an increase in imports 1, Mrri. . f 5fi::.ltf1 MO 'v-rrl't oil Wl.ile tin- -howiug worked for un I . rtk M.'-npolltiin Jt W I '-pi' - "- of ". r,p,,,V- '" "" "i.ii" tin- -nouiug woi-kcj ior un- ,,ar0ii ... . If; . March I. WW), to Hi nooknoldrs of reajrd settbm' nt ill the exchange it tended to t'-rnok OH ' "uin i,J :" 1,vbruir' -1 1Mo eck., .tiiTei, rh. sto.k list, but not for long. Rrsn oi:nenn,r.s tf ; n. TOWsi;vr 34 1 There wu, u recover in the llrst lwur. -nit i'm'k' Pro'd rrraaurcr. snnnat Mwittnn U. &. loon :tiiiiiir 1 fii:ioii.Tio.v 1 but thereafter prices slipped uway unc more, entailing los.es among the in ' '1'ii-trials of 1 to Pi tinints or o. Tl. bank statement- nt Suturdnv were dis 190. mt I I " I .' ;ia P N. -a or . -N V K-oru.,!: votI' 1. or Mi:t:riN.i To th' tto Kh'jldrn Tlio nn in W'K IU t h- Sto--l ,:itra of IT. y I do.1 rrodu t 1 j-rurulu purnuunt 10 Its U I ' .il In 1 t ,, t o. I- A M on WMliiFuir, lr h 17. 1020 nt 'lm jf offlc of 'h- ' irpir': n 1 -. 1,, na.lB Plar Jt ' m s a J- v 't,r i',m pur POUG Of " ' l"n 'I rt i r ,' U 'Hklf T artlon ll"' )' r,n'nn i lat n i f th Uoar'l f' of I)lr ' ' of 'h 1 orp'ira'K-i atrvnd ti Jly-l.ji t rh4n.'n ti. jAt f , . n ' nual 1"-.:. ai 1 f ' 'ho t-i-infiioi i)f'tHnilr a liii.Ii rlli e I iiniiih,, .1. m,v n. .n.. . .... L " " " -Mi ....--- . . , r'v j , vilin Ivfntr ih 'OLi'tlnc I Tn" r trac-f"- Vmo!N wl' CltW'l b. 'i- NAW J'f lirovld- n -oihirti . t a i" -'ti-ri v ht h hiis on tranpfrrfd 1 Inn tho 'o id' nr tn 1 nrro-Htlon wlt'iir. twenty ' -Oj us nfxt pr.dlnK ujch ' e t ton ii'o .irv'-i'n iiwur lUOSah o -k. il on . . . . - n nn l'tjt . . s jthorti Ktalea SilDTlor . . . . I t-xa.il llancr . '. I1? 'S . MK . 40 :: is .. m IS as . . as .100 c.i !K .. 0:, .. i; :: H 4 C"H .V ' . . ass . . i'.i . . 14 " s 4S IS IS ri(, SftsJ ss '? 's as as jno ;: 01 r.s tin as is IKV- "S " 1 IPS ss ay, i2$ a I is ' 11!4 t ' I 31 10 12H I SS IS as IS ir-0 ;i 0'i turbmg in a ieiir ( all loans again i-xa Co w 1 fi renewed nnd ruled at r, per cent. Ih" bullerin of the Federal Reserve I'ourd was to some ttent 11 bullish influence, although it hud caDt scope for ope t.'in ii' s'i .(,. T-opli-Rl Oil 1S Vn Tfxaa lA VKtorU OH nw ; Vulcan Oil '.Vlilto oil . . . 'vBtrn Stites S'-I MIM.VO TrjnjMvia M-ri.l.TA.M i IIAIU' A SONS SlUI' .VT1 K.NUINU DLll.DI.Nf. (.OJirAN'V Hlnklnr I'mid Nollrc- IA1U Truit tVcinpany fortner!" Thci NEW YORK COFFEE MARKET New York. Feb. 1M. After ''..- ,.,li the coffee market continuccl inirlv March llouidatlon sent that morth off to 11.01. or 2S point- tjelow lv the nrevimiK elnse. loit Inter r.','Hifc enr- irttik7hafru' 'otVrt'i "''I " ,P " "r t! points wpcrittnrs wno nougnr last 'eee,: were telling this morning, anc it was thought that Mime of tho local bears were again bringing pressure on the market It wan pointed out that receiptH at Uio were running very full and that might indicate thut the crop would be much larger thau estimated "n 11 a. m MS :. 14 21 14 10 ' . 11 4a i I ,Vl4-8l!(v Yiifiipant-r. Trunt Saf Dpoitt ?iV. J William CrAtno & Kons tihip .nd Unrin ''P1' 9 HUIiainff 1 opipuny. ufu Mrcii i. lfiD rti4i iiM mnftmiin lo h iurrtiiidrfsil tot ""r". "r" . .. 1. i- a wards mado ou March rod. 19,'U. at I'J lvltfrt tfndtri or propoialu for hon4 IbiuM N 1U D 1U1 zi't- 1- rlORI.lTY TRUST COJtPANT. Tniatoe. 8:s-3SI Chfcitniit Bt , PhilacitlphU, I'm. Sm P CJcjt. rreiUcJent rbruarv i 1030 Hltt,KD TKfPpBB Vlt.I, III: KKCKn-RI) by tha uadomlrned until Tlinrodaj-. i'et. ....1.1 w.i 1A'ni u It b n, fn Ch. ..I. . jf many Uorirntr & Utiitol Drowius Com ' bny ttrat morUa" l per cent bond. du i fjjf, L tho mm of lo4t) is von abaorb. J... t-Jylya it ricrved lo rJn-t uny or ull IliRCltANTS' UN'ON TIU'ST COMPANY roMN S. DIortCN prulden' 7Ii TIT UUtaUiUt U piembr 14 7n 14 60 14 0!) II 37 BUTTER, EGGS AND CHEESE Now York. l'lb. 24 IH'TTER. Un.ettled. Hcrc.ipi 7M1 tub- 1 renmery hlghfr than xlrim WBfW'ir. rrmmiry cjjiraa, 0',' krnrc. O.'iAilBSe flrat, (is to 01 score, BSftolSe. nckln Btorlc, current tnaWn, No a. rule Rt.cjS fnkettled Itcrelptu 13.A90 r!.9 rrealc rfathercd. extra flrictK B9H(!0c. flrHii. Oiiajhi- rtato rennujUHnla and nearby western hennery vhltet. flreta to ox'rnH hi U8c atate. rennsylvanta. and nearby hen nery browns, extras. 3tt04c, do cathered browns and mixed colors Orsttt to extras. 58J(12c CHEE8B. Irregular. Reeelpts, :30c) boxeii. Htate. whole) milk, flats, held speelals 'Jl)'i031r do uveruare run 26'itSOc, tni A-hole milk twins held epectali 29"30i do a eruv run. ?ttf!ttH Alas-IJr Col Atlanta fiootb Hon and Mon t iled Jlln (''andelarU M Cres.on. Uold Presrent McNamara . T)e Ileera 171 Salvador Kureka Croesun (!) MlnlniT Gold Conn Cold Keuutta Gold Merxcr Hold Hllver Tick Oold Zone Howe found Jumbo Kitennlon . . . Louisiana Co MrKIn Uar McNamaru Marsh Mtn Motherlode Murray Moe Ophlr Sliver Nlplsflnic Red Warrior Rex f.'ons Rochester Mines Hop. Group Mllier Kin of Arlx... Hllver King Uhlde... H Stiver Lead Success Mln . . . Tonopah Belmont Tonopah Cash lloy .... Tono Dlvldo Tono-JIm 11 'I'inopah Munah Tonopah Montana . . , Tonopah Rescue Hula t; H Cont Utah Rev Victory West End C Milte Caps T,t.u rapt K' ft i as V. 1' 1'. '.' 4 of! 57 I'm I! 0:'" ftT 7& r. 11 a ,A a 8 .'"' 71 11 12 12,S n'j 7'., 00 . :ui, OT 34 Vi -V II .1 l'l R JO 3d l' U ' 04 ' i'1. 11 I si- r-, Sal 100 300 700 AOO J00 JOO 1700 300 100 100 100 300 3500 leoo too 000 zaooo 1000 1500 200 MOO 300 100 4700 'too 2000 to 300 100 AOO 100 400 1600 600 3300 13000 COO 1000 3600 400 300 000 too 100 2400 AOO 00 400 1200 200 200 35000 9.S0 1S500 1G00 300 too 2100 9000 100 100 100 :on ono 200 400 500 1100 400 140(1 JOO 100 Anno 4 7300 00 7100 3700 300 200 AOO GOO 1500 1700 0000 11800 isoo too 40500 700 AOO 700 1800 1.200 400 700 2100 1500 300 300 1700 460 100 20200 1000 300 .100 400 100 2500 6230 200 100 2101) AIO'.I 6500 1300 1(00 100 5000 200 tooo 100 700 501) 2010(1 200 son noo son 100 ion 3400 34 0(1 000 100 100 ion 1300 2x00 JJ 1100 1 9110 5S0O I00O 2200 300O 100 100 100 AOO 100 3500 400 AOO 100 2100 100 COO 1. Adams Express an .. Advaiico Kumely .... 1014 C Ajax Rubbor 73 J . . Alaska Juneau Q M.. 2 7 Allls-chalmera 41 . AlllB-Clialmors pf. ... 83 K .. Alaska Gold Mines .. 3 1 Am Agrlo Chem ..,,. 88 0 Am AgTlo Chom pf , , , , $1)4 3 Am Bank Noto ...,, t 8 Am Beet Sugar 8S?4 8 Am Bosch Magneto... Ill 14 .. Am Can 4404 IS Am Car & Fdy 13 4 Am Cotton OU 4314 80 Am Drug Hyn 13 Am Kxprcaa ny. .. Am Illdo & Leather.. 23 7 Am Hldo & Lcath pf. .105 4 Am Ico A0M Am Internat Corp ... .i 3 Am Llnsoed 8214 7 Am Linseed pf 05 6 Am Looomotlve 9 7 Am Looomotlvo pf..l0A Am Ship & Com 31 Am Smelt & rtcf 63 Am Smelt So A 81 l-i Am Smelt & Rcf pf. . 05 U Am Steel Foundries. .. 42H Am Steel Fdrleo pf... OS Am Sugar lief 126?4 Am Sumatra Tob .... 84 8 Am Tel & Tel 98 8 Am Tob Sco temp ctfs. h 7 Am Woolen 130 . Am Writing Paper pf. 40 Am Zlno Load & Sm,d lS'i 4 Anaconda Copper .... 5814 . Ann Arbor 15 & . Ann Arbor pf 27U Anso Dry Goods .... flOJi Asso Dry Gdo 1st pf . . 69 U Associated Oil 11414 Atch Top & Santa F. 85 A ten Top & S F pf. . . 78(4 Atlanta Blrm & Alt.. 8J, Atlantic Coast Lino.. 68 li Atl Gulf & W I 3 8.. 140 Atl Gulf & W I S S pf 61 !4 Atl Refining 7 .... 88M Baldwin Looomotivo ,llli Baltimore & Ohio . . . 387 Baltlmoro & Ohio pf. 49 U Barrett 110 Barrett pf 107 Bethlohem Motors ... 21 Vi Bethlehem Stool B ... 87H Bethlehem Steel 7. . 102' Bethlehem Srtl 8 pt.112 Booth Fisheries 11 Bklyn llapld Transit . U Ilklyn It T ctfs of dep 10? Burns Broo 105!i Buttcrlck J0 Butto Copper & Zinc. . 10 Butto fc Superior Cop. 25 '2 Caddo Central O & It. 10' California Parking ... 78'i California Petroleum . 344 California Petrol pf . 71 Canadian Pacltlo . ...124?4 Central Leather 83H Cwrro de Pnsco Cop.. 40 Chandler Motorn . ...12fi lllcli ttor Chesapeake & Ohio .. 58!i Chicago & Alton .... 11 t Chicago & Alton pf . 14 Chi & 13 111 l? T ctfs. 7i Chi & HI pf KT ctfa. 9'i Chicago Gt Western.. lOJfc Chi Gt Western pf . . 27 Chi Mil & St Paul ... 41tt Chi Jill & St Paul pf . . 5914 Chi & Northwestern.. 874 Chi & Northwest pf.,119 Chi Roelt IhI & Pac .. 30 14 Chi It I t Pao 6 pf. 66 Chi 1 I . T'ac 7 J)f. 77 Chile Copper 17U Chino Copper 30 ricv Cln Chi & St L . 49 t'oea-Cola 3S5t colo & youthern .... 25? "ot Graphophonc .... 42i Con Intcrstato Cat M. 10 ! Conaylldatcd Testlleu . 28 Contlncntnl Can 81S.J Continental Candy ... 11 Corn Products Itef .. 81 J Corn Products Bof pf.lOA Crucible Steel 202 Cuba Cano Sugar .... 434 Cuba Can Sugar pf . . 81 Domo Mines 12 Del Lack & Western.. 173 ', Puluth i S & At .... S Dcncr & Bio Grando M DcmT &. BioG pf ... 10H Elk Horn Coal 21 Hmcrbon-Brantlng pf . 84 KnUleott-Johnson .,,,118 V. 1'rle 1A! Krlo 1st pf 25 l.rlo 2d pf 17'4 Famous Playcrs-L ... 72 rainouH Players rts . . t3h Klsk Rubber 3h l'Vceport Texas 127 Gaston Wms &. Wig . . K ' Cn.ncral Chom pf .... SC? General Cigar 65 ' s General niectric .. . .1C0'e General Motors AW: General Motors pf ... 0 General Motors deb .. 7 1 '4 Con Motora deb 7 '"... S7u Goodrich B F 70'-s GorKlrlrh B F pf .... 04 '4 r.ray & Davis 32'. Urcst Northern pf . . . iv (T Northern Oro ctfs. 3t' itu'f States Stl lbt pf t.4'n r; iif Mob & North pf . :n Haskell & Barker Car. 5: : lluiip Jlotor Car It's Inspiration Con Cop.. 54', Inter Con Corp pf ... 14 '4 Intcrtrtro Con Corp .. I1 Int Harvester lis Itjt Mer Marine . . . . 31 ?4 'int Mt r Marine pf . . . M4 International Nleke! . 21 '4 rii'eirr.atlenal IapT . . 77 r-i'-mat Paper pf ... 7I? lr Agrteul Corp . . tv's Ioa entrul r,H i;iir.oiji Central Ss Iron I'roducts Corp .. 44 Kan City Southern . 19 '4 Kam.a.1 City So pf . . 4S', U'elly-Spg Tiro .. . .110 K-lly-Swr T 8n pf .100 K'einn'-cott Copper .... 297s Keokuk & Des M . . . 6 0 K'j-Htono Tiro & Run 30H SELLERS TURN BUYERS WHEN COTTON RALLIES 41 .1'. I't. n 1J :i'i 3 ') ao is Prices Move Up 20 to 25 Points From Lowest of Day on Covering Movement 35 40ti 73 384 8314 IK 87(4 l)i 41 H3K Ut4 43V4 13014 43K 124 00 21K 103tt 40'4 9114 81U 95 02 105 20 62 814 05 42 92K 12JJ U 82 97 14 fi6'4 123 4")?i 17?; 561s 14 2014 40 i 69 U 11414 S1H 7S S!4 8S 147 6114 88 K 10SH 35 Va 48 IIS 107 2t S5 1074 113 10 '4 tl I0H 10514 to 9 '4 24 y2 19 7K 34 71 I22U 1H 4SVi 125 6 11?i 13 Vz 714 7H 10 25 '4 39 55V'4 87 119 33K 65 4 74J4 17 W 4H 37 Vz 25 41 18T4 28 81 It 79 105 15U 41'. 73H IPt 172 5 S I4i 20 , 4 109Ts 15 21 4 tn2 csu siH 30le 120 13H a?4 65 160 235 79 70 V4 S7 684 9414 32 V4 77 !4 37 62 33 A7J4 13 Ja 53 i 14 414 IIS 30 Vz 83 J4 'iVA JA1-4 74K 17 OH 87 44 1BH 47 11414 100 2014 0 2016 Today'H Net Close CliRC. 33 'a 40J4- T4 73 - 314 in. m 39 - 214 834- 1 IK- 14 881 l4- 54 41 Va 83 K- Va 11214- 34 424- 24 1304- 34 42K- 4 13K- K 9 - 14 2tK- 14 1034 44 404 4 91U- 3K 81H ..H 95 924- U4 its V 1 20)4- !' 62 - IH 814 114 95 - 14 43 - ? 93K ?i 130 - I 833 07H- 65- 2J4 123 - n 44K - IK 17K- K 57-2 15 1 27 J4 494- IK 4- 14 1144 14 83H- H 78 - 4 84 .. 884 14 147 - 3 64(4 .. 88K . 1034- 4 304 14 40J4 24 119 J- 14 107 J4 21 - 24 85K- 3Ji 1074 14 112 14 10J4- 14 1H4-1- H ion 105 J4 Vt 193 0!4 - 14 2514- i 10 7fiK - 3 34 71 - 1 1234 - 24 814- Va 484-- 2 123 2J4 30 - IH UK - 1 134. 1 74 s 04 '4 10 'i 204-4 4 304 H 74 l?i 87 4 119 2 344- 4 6514- 14 7414- 3i n - x 30 - 1j4 493 374- 1 2.7 j- y2 412 18T4- 14 28 - 4 81 - 4 . niv. Sales In J irifli liOW 2800 6 Lackawanna Steel ... 7514 " 200 .. Lake lio & West ... 13 12 200 . . Lako Krlo & Wont nt. 32 31 1000 .. 10 Rubbor & Tiro .. 33 1700 3.S0 Lehigh Valley 47 400 3500 400 100 100 300 100 300 100 100 100 21409 400 7 10 3 Liggott & Myers rts.. 17 Loft Corp 204 Loewo Co 37 Loosc-Wlles Biscuit .. S Lorlllard Tobacco ,, 142 Louisville & Kashvlllo.104 Mackay Cos e!4 Maxwell Motor 30 Maxwell Mot 2d pf . 24 Max Mot 2d pf otf.. M4 May DcDt Stores ,...H Mexican Potroleum ..1791 Miami Copper 4300 1.30 Mlddlo States Corp !4 It 79 105 193J4 - 8K 41!4- 2. 7K - 14 "K .. 1T2 - Va 4 Va 8 Vt IS 20H- 14 84 14 100 J4 914 15 14 25 -t- K 1714- 1V4 684- 3 83- 3?4 364- !4 120 74 1394- S 96K 1!4 6.t4- IK 16014 1 2364-144 70 W 71 V4 14 874 . 684 U 044 334- 1 784- V, 37 03-3 3.. 2J4 37J4- 14 1311- 53K- IH 14H IK 44 54 115 2K 31 - 4 834- 1 21 K- 4 754- 2i 74 K ' 17I4- Vt CK H 871 44 - 4 184 K 47 - 1 1144- 5K 1 100 20- 0 14 2914- 1 2C00 2200 200 4300 2100 24000 7600 ' 200 400 1000 too 300 100 700 too 300 1200 1 300 800 4500 3800 100 200 3 19700 000 200 400 300 5400 3500 5300 100 400 too 300 200 100 ri3800 1400 3900 2100 200 300 17000 300 100 2200 ' 7500 3400 200 500 3800 200 1700 '100 100 1100 too 200 3100 100 18500 14500 300 11000 1400 COO 14500 100 1100 AOO 1200 1000 200 300 8500 27100 13S0O 29000 900 100 on 22700 COO 500 7A0O COO I400O 100 1000 3200 3500 COO 3600 5300 100 200 23 38V4 46 104 734 11 18 SO 300 2.30 300 10 300 100 5100 3 200 100 5 100 2000 7 GOO 100 12500 500 90700 600 1000 COO 700 700 930O 20800 1000 200 9100 AOO 9'JQt 200 1000 3900 1000 1700 7300 100 200 400 500 1000 100 Midvalo Steel & Ord.. . . Minn & Ht L new . . . 7 Minn HtP & S StM.. Missouri Kan & Tex,. Mo Kan & Tex nf . . Missouri Pacific 394 Missouri Pacific pf . . 4 3 Montana Power C4 Mutllna Body 494 Nat Anlllno & Chem. . 544 1 Nat Anlllno & Ch pf . . 80 7 National Biscuit 113 7 National Biscuit pf ..113 . Nat Conduit & Cable. . 10 4 S National Lead '84 . . Nat R R of Mex 2d pf 6 30 Nevada Con Copper . . 104 Now Or Tex & Mex . . 464 10 Now York Air Brako .101 5 Now York Central . . . 73 . New York f i- St L . 32 N Y Chi & St L 1st pf 60 Now York Dock 34 New York N II & H . . 364 1 New York Ont & W. . . 20 4 Norfolk & Southern . . 13K 7 Norfolk & Western . . 07 5 Nova Scotia S & C ..66 7 Northern Pacific .... 79 Ohio Cities Gas 434 50 okla Prod & Rcf .... K S Otis Elevator 123 Otis Steel 30 Ontario Sliver Mln... 84 3 Owens Bottling Mach. 57 4 Pacific Doolopment . 71 5 TacKlc Gas & Klec .. 50 6 Pan-Atner Petro 86J4 6 Pan-Amer (B) 804 3 Pennsylvania R R ... 434 . Penn Sen hoard Steel . 234 Peoples G.is Chicago . 384 Peoria & Eastern .... 154 Pern Marquette 31 Pern Mnrriurttc pf ..50 6 Pero Mara prior pf .. 634 3 Philadelphia Co 37K . , Piereo-Arrow Motor . 55 . . Pierce Oit 18 Pittsburgh C of P .. 57J4 Pitt C C & St L 6b Pittsburgh & W Va . . 20 Pond Cris'k Cral .... 10 Preamd Steel Car ... 94 Pressed Steel Car pf.10214 Pullman 114 Puntn Alegre Sugar . . 81 Railway Steel Spring. 024 Rwy Steel Spring pf . .104 Ray Consolidated Cop. 2014 Repub Motor Truck . . 43 Republic Iron & Sftcel.100 Reading 77 Remington Typewrit . 724 Royal Dutch Amer . ..1004 Saxon Motor 104 St Joseph Lead 16 St L San Francisco. . . 25 St L San Fran pf .... 3314 St L Southwestern . . . 17 St L Southwest pf ... 30 Seaboard Air Lino .. 914 S-taboard Air Lino pf. 17'4 Sears-Roebuck 10 Shattuck ArU Cop. . . . 121 Shell Trans Trading.. 794 Sinclair Consol Oil .. 40 Southern Pacific .... 03 Southern Railway ... 254 Southern Railway pf. . 584 Stewart Warner Sp . 4114 Stromberg Carb 58 Studebakcr 87 Stutz Motor ....... 118 Tenn Cop & Chem ... 104 Texas Co 179 Texas Co 30 Paid ...174 Texas & Pacific 404 Third Avenue 14 Tobacco Products ... 684 Tol St L West ctfs ..14 Transcontinental Oil.. 294 Transuo & Wms Steel 58 Union Oil 314 Union Pacific 120 Union Paclllo pf 07 United Alloy Steel ... 45 United Drug 1st pf . . 50 United Fruit 184 Un Ry Investment . . . 9J Un Ry Invcstm pf ... 24 United Retail Stores , 704 U S C I P & Fdy .... IS U S C I P & Fdy pf . . 401, TI S Express 31 U S Food Products ..00 U S Tnd Alcohol 80 U S Realty & Imp ... 47 U 8 Rubber 101 U S Smelt & Rcf .... 05 U S Steel 9S U S Steel pf 1113 Utah Copper 721a Vanadium Corp ... . 7 Va-Carollna Chem ... d'a Va Iron Coal & Coko. 6S Wabash 10 1 Wabash Pf 31 Wabash pf B 20 'i Wells Fargo Exp .... 52 Western Maryland . . 12'd West Maryland 2d pf. 20' j Weston) Pacific 27 14 Western Paclllo pf . . . t3 Westlnghouso V. & M 51 Wheeling & L r.rlc. ..II Wheel & L Urlo pf . . 2), Whlto Motor 34 Willys-Overland 21ii Willys-Overland pf .. 874 Wilson & Co 60 Wisconsin Central ... 33 Woolworth F W . ...12214 Worthlngton Pump . . 704 Worth Pump pf B ... 72 32 10)4 16 18 26 52 133 104 644 30 35 304 11 171 23 28 45 154 734 104 10 28 454 044 42 514 86 111 113 10 784 6 154 454 094 72 30 60 34 33J4 194 134 04 55 77 43 5 123 30 84 57 71 50 81 77 41 20 33 144 204 40 634 364 624 174 6714 64 284 184 034 10214 114 78 03 104 304 43 9714 75 71 00 154 15 234 334 10. 29 R7, 16 19 13 76 38 04 23 T4 57 4 414 38 84 114 10 174 17114 3614 14 67 1 '4 11 22 58 30 '4 118 67 44 40"4 182 V4 24 6S14 IS 1 Today's Not Cloeo Cr.uo. 73 - 1 13 4 22 32 - 14 40 17 14 184- 314 26- K 52 - 1 152 1 i.i 14 lot 654 29 1 35-14 204- 6 119 - 34 1714- 814 23 20 -45-154 734- 104- 10 30 474 05 43 -34 51- 3 86 112 - 1 113 1 10 784- 1 0 154- K 454- 994 3 73 - 4 31 1 60 K 34 1 3 - I 184- 14 134- l 04 - 4 55 - 34 795 .. 43- 64- 123 -HJ4 30 2 84 4 57 - 14 71 1 60 . ' 81 - 64 770 434 54 20 4 38 1 134- 24 39- 1 49 3 634 1 304- 14 524-34 18 57 14 T4 64 284- 1 184- K 93- 34 1024 T4 114 K 78 394 024 3 104 3 204- 432 074- 751 711 06 0 154- 14 164 T4 25 H4 334- 164- 1 291 0 4- Va 10- 10 4- 1 12 4 76 - G 38- 24 864- 1 24 - 4 57 4 414- 1 883tf 84 -44, 114 6 ' 104 4 174 10 172 .. 36- 14 07 - 3 14 - 2 224- 1 684 14 304- 1 118 3 07 44 14 50 4 1834 3 9K- Va 24 - 4 C8J4-214 18 - 14 AMERICAN STORES STRONr SPOT OF LOCAL MAMKBTi General List Stood Up Wall in. Face of Surrounding D ' OlvUlMljfyiZI JJUl rp:':i !' I 4041 464- n 31 AS S3 "2 47 0714 115 90 11114 71 45 314 68 O'i 28 184 53 11 20 30 '4 62 304 13 21 534 23 874 no 314 12214 734 72 31 38- 34 834- 3 47-1 974 3J4 05 - 4 06 - 3 1114- 4 71 3 45 - 3 034 34 68 9 o?i- 4 295 1 20 4 52 12 4 20 20J4 " 63 1 A0 14 13 - 21-r 4 434 114 23- 14 874- 4 09 - 314- 4 1324 4 724- 04 73 vices wns conflicting, thcro was no pressure of consequence from thut bource. Receipts of cotton at the ports for the day were estimated at 20,001 bales., eompurcd with 2'-',755 hales laM. week and 13178 bulos last yeur. Today's 11:00 1 .10 2-30 open u. m. t. m r m. March 06. SO .. . OH.O.I 36 Co I Miiy . ....313!) 31.18 34 2.1 3127 I July . .. .32 17 32 111 32.03 112 OS October -U.t'.' 30 0.1 ao 00 3'J 00 -1 21 IT 7 ! 7.'. I' o 2 1 20 ti I 0 0 ,'' oA j?" 8 H 24 11 11 12 13 "u "5 . 14 IK 14 1ft,, ,m A" L"'TTn. I1VU,T WEATIIEIl " i . if! ION'S oh York. Keb. 24;--Thn '.,! oalne (pmpTaturea ur rporcleu In v iv.tton bolt this mornlnir- Nanhvlll. SI Ablltr al, Kori Smith anj Memphis. IS Ultln ItO'k 40. Knovlll. 12: chatlan'jfiia and hhrneport 4S; vicKst.urB. ). Wilming ton. TiO. Augusta ami .Macon. Puis cola ana .iinnigvTn;ry. r.n e narieston Antonio, Ofl: Mrlrtln. ti Suvnnnii. KBi .TarksonviI'M anrt Unn l.n. Trnntll. 04! forO'I Clirlstl. .NVw Orlfans und Oalestor on Thtra ':" ..;-..- -.,-. -., - ...-- ...-' was 02 men or i)r-iitiui' m 4i:anu 04 at Macon. ." ai v,iiiiinm'";i, .2il '.''1 12 at Mont-Knox- in.li.kiipi, in nt AlllTUUtH. gnmery. .SO at Jacksonville. vllle . New "V'orh, Feb. 24. 'Pie (ottnn market continued very unlet (luruic the early nftcrnoon but ruled pteudier on coverinc, with prices Huriwlng rallleR of some 20 to 'St points from the lowest. It looked ni though some of tho early rellerH were nmonK the lujer on tho ndvnnee. while there whs some buying nt July for trndd uccount. There was no chnncc In the gencrnt news, hut the technical position of the market seemed to have strenzthenrd on the early deeline nnd wlnh pot nd FOREIGN EXCHANGE NEW VOHK. Veb. 21. Opening quotations in the foreign exchange mur ket indicated weakness in the cntiro list, with tho exception of guilders which wero a shade strougcr. Quotations were: Demand sterling .1.fl.")ij , checks 3. HO; franc cables 11. 'J checks 14. .10; lire cables 18.:iS, checks 18.40; Uclglan cables Ki.70, checks 1.1.72; Swiss cables 0.18. checks 0.20 ; guilder cables 117, checks 171i; pesetas cables 17.40, Mnurv I PMniWO batPs i chocks ii,ou (ockuoiiu raoien lo.uu money-lending rates hech(j 18 ,,,. ChriHliBnln caWa 1715( NEW YOIIK Money on call opened checks 17.00; (Copenhagen cables 14.00, today nt 0 per cent for lending and re- checks 11.7.1; marks 1.0.1. ncwlug. Puriug tho afternoon tho market held Time money is quoted, nominally, (it I fairly steadv with the exception of 8 per cent hid on mixed loans and & guilders, which were weak at .lOTs for per cent on industrial loans, hut no .checks and f!7V8 for cables. Demand new money is uvnilable. Tim demand' for iirime merennt -i 7. "i..i ' !..., .i i. .. I..I.1.. i i chocks ii, lit : lire ui a rami u . u.,i , . e- ., .u .u riy " 18t- nilj ,imrks ,i00i Utliuillil III liiu i,;i,iibij ri'-, iiifii-i. itiili.il UMTil(fCil (lsi per cent, with business at' Hatarday's llnal QuoUtlotia 0'v and 7 per cent, according to quulltj I HWlina- Kran'-s l.Ire Gulldra .....i i .!... .!... ' ' n.mand .... 3.40'i 1 sa 1802 87 suuwbw ""''"). c'ablea 3.41 13 80 18.00 37H I'dtoc bonk ueceptances ure moder-. ti,-. i)oninr oiati... Stirling- Prunes Ure aulldirs remand .... 11.8 1 1 no 18.40 Dili Cables . .. 3. 3U 14.28 18.28 37H Noon Quotation Stirling Prano Uro dUMero Dimand . a.38 14. Ui 18 17 3'4 Cables . 3 38 14,13 1S..15 87',J Closing Quotatlona Hterllnir Trano Urn au'ldcrs Dimand 3.31 14.17 18 22 sflfj i-ohlis 3 s 14 1ft 1S'.'0 lil'J ut no checks and S(V8 lor cables. Demand I sterling was quoted nt 3.18 and cnbles .iw. s nt fl.Jl!iai. I'rnne cnbles wero 14.1!1, IL,. checks 14.15; lire cables 18.15, checks atelv active at 5 (fill ner cent, the figures that havo ruled for more than a month. Call louns on acceptances are un changed ut 5 per cent. I'HILADKLPWA-Call. 0 per cent; time, 0 per cent; commercial paper, three to six month Il per cent, American Store was the feature of strength of the local market, making a new top for the year nt 43. This wns n gain of $1.50 over Saturday low price, nnd n recovery of 80 within the past fortnight. The stock was in good demand at the outset, disclosing a very scant supply at tho current. quotations. The confident character of tho buying the last few days would seemingly in dicate a change of heart on tho part of the directors concerning tho Inaugu ration of dividends. In fact, it was hinted this morning thcro was strong probability of the board authorizing nn initial payment, at tho next mcctiug, which occurs In the early part of next month. The movement, however, in American Stores was Independent of the general list. Considering the natural depressing Influence of the fresh shakedown In New York most of tho local shares stood up well. "What prlco changes were made wero confined to frac tional limits, with the larger percentage showing Btnall gnlns. Dealings were small, but the tone of m taken as whn,C( wng ma,ltl m i-cnnsyivanla Jtallroad Miai taken at 43 to 43i.. n h.lcIi Imud, continued lloulrln.u-"". toi. Insurance Company of North warrants to a new low eoVfiT decline of 75 cent, hii? J? & yielded GO cents to 30 gW tcilno'VTO, had tal Philadelphia Stocks Net chut. $ High Low Close 77AlIi ins war ... 0',, 0W, (tin A.,. Wfrti AZIC dlli. K1IW lllil H,.7. V J -I ' ' I 1)3 do pref. 02 IKft ii-'VU.. 15 Am Gas. 42M- 53 53 1 .'UtlEl Stor.,113 112 113 .. 05 tOt Nor pref... 78! 78& 786 lUl UCl A. OU ov ou 73 n 8Vj & 30."i0 do wur, 50 Key Tel. 12 12 1- ,1 , 750 r,k S Cor 17 17Ms 17 2 Lch Nnv. 02V1 G2't 2i Vi 17Lch Val- 47 47 47 1 2 Nor Ccn. 05 05 05 2;A 25Urs8tC01 Ui 01 , 1040 Vn IX It. -mi 43 43' Vi 2 Pa Salt. 75 75'i 75 SOiniilaCo , ,, cum pf. 33 33 33 203Phlla EI 25 24TA 25 4- W 1'hila II T 23 2.3 23",. 'i 7 Phil Trac (Wt (SOT, OO'K 25 tUead'R . 70' 7(iri 7(li Vt 453 U O t .. 54 53!)i Rl Vj 85 tU 8 Stl 07 k 07 !I7'K 2'i 800WMd.. 12V1 12's 12'1 100 Warwick Ir & St. '8i 89i 8i 14 W J & S 40 40 10 3 10YorkRpf31 31 31 .. Net chanro made bv comparison with last salo on New York Stock Exchange. J31.000, compared with J10.000 Tlond. Satuday, S'alcs In J 1000 novns ltlah. I)?;, Net Plri chir. 1 Ualdwin 5s 0(1 1115 ! Vj 1 City 4s, '41 00' 00' 00' -f- ;Ji 4 Klec & Pco i , Tr 4s ... 02 02 02 Vi 1 Lch Val 08.100 100 100. 1 l,eh V Coal 53 08 OS 08 .. 3 Lib1 Ilonds 2d 4'iB. 00.80 00.60 R0.80.20 2 4th -Has. 00.88 00.78 00.78. 00 4 Vi,; 4-T,s. . 07.74 07.74 07.74.02 1 Pa en 5s.. 89 80 80.. 3 0-10Phila EI ., 1st os 0.V i'"Vs 1 PI1 &W4sO 0(1 7Kcadgcn4s 70s 0 t Span-Amer I Cs .... ooa; 00 SWclsbachGs 03 08 02 1 0(1 .. 70 Vi 00-08. Total nalen. 6503 shares, compared with 4070 nharcs Saturday. o Superior Co poratI?nnns M, ."eu ai,.,, after dlnnln- ..B eTrdinft tSS. ? ' "shed today. T .lsklfhowo,r.C,nCnt "u tbo Fdlernl ltes"?n 1.1 r?"T 52.404,000. whilo 'iElc- "n."k. IW raised $2.m3,oo6. brinirln- Vrnt nbovc legal requirements' h0 000. I(0nns nnd discounts J, 7' contraction of onlv SI 51 000 !M dividual deposits k, off '& S& h J.owlng, while inorecncour?;' than that of the immorfiniL ur,'"S weeks, however, loft 1? ,'' m"it hope of any material K rVf' the local monov i(n(u ' '""wnt In the statement "would Veemn:7nT'' very slow progress in tho ,,,11 ,,ni)io't' thCcredlt situation. udjuslmtcl to llghVi n'ntl oTl.Vrho'11 of tho I-ehigh NXvlgatlon Co n,.repw Tr- u lf's '''"los'ccl out of the flfflv shareholders. 3478. or 55 per nt women. The company has been r jK"(1r nuouBly for ?hoP 1, cent. This do? n " r h de Z IT stock subscription privilege,. FkK P" c'JIII'o stockholders arc in 1, under 100 shares, whiln ni 1 . :? lcl' own 500 shares nnd over. The relit .. directors nud officers were all re.lS Plan Amendments to Reserve Act Washington. Feb. 21. Two amend ments to t in FehVrnl T... 1 ""? signed to carry out recommendation. made by the Federal Itcscrvo Board i its annual report, urging hirfier rate. .. vtpa i.iuiin us u means of eheckin' speculation, were introduced todavl" Chairman JfcLenn. of ihn s.n.,...' A ing committee. They were prepared ,t thl TiVlllPHfr tt HinAKn.. TT-.Jt tho board. Onn nmrndmnnr ..,A. mit cfjuolizatlon of mliacount rttr. charged national banks and state binl. or trust comnanlcs. whlln i, ..v. would authorize the board to establish Muuuui ruics oi uiscount "on tl, basis of the amount of the rMiw n, accommodations by the Federal IWn bank to the borrowing bank." CHICAGO BUTTER AND fGGS . Chlctlico, Fnb. 24, nUTTEn pi.. Creamery. 40O0M4C. "' Rr irrinCI f A(ia n...ta ma ... V-"l' ww. IVWC DIJ. ilH.lK in0c,SWd!?l?48,te- imBa st "" Plrats, BOo cases U. S. Liberty Bonds All Issues Bought and Sold $50 $100 $500 $1000 ' QrahAm, Parsons 5cCo. S CHESTNUT STREET Philadelphia FRANCE Before the World War Before the World War one in every three inhabitant of France was a bank depositor. At the same time one in every ten of the population of the United States had a banV account. In 1913 France was a leading creditor nation, and although the war has altered that position for the time being, the frugal habits of its people will aid materially in approx imating, if not entirely re-establishing, its former financial status. Exchange now is against France, so that its government bonds can be purchased by American inveslors at a consider able discount, the franc being quoted at less than half its pre war value. With the return of French Exchange to par an attractive profit would result. For particulars send for Circular No. E-63 6HA"NDEERl'60MEaN' Franklin Bank Bldg. Philadelphia New York Baltimore Now Haven Do.ton A 7 First Mortgage Investment Penna. Tax Refunded Only 18 Months to Run Maturing September, 1021 Acluul Security three times tho bond issue. Net Earnings Seven Times the Bond Interest. Mortgage Requires Monthly Payments Into a Sinking Fund for Retirement of Bonds Principal and Interest Bonds Have Been Purchased by Some of the M0,t Th Conservative Banks in Philadelphia. Prhc JOO and Interest Edward V. Kane & Co. MORRIS BUILDING ,'. ft .?".'. ".::rf r!$:i'-c'ni!i(t.-.'iKtofi id tftiL. m Sf-fti ns?as2rasMM
Significant historical Pennsylvania newspapers