r.mrt .H.'A3 if r w ?; V'SW1 V"" ' s- 4- " . . TA'fy'iOVVLwvv' ;v '. u y $ v. . 1 VVisl)JS13WfiAi"; tfJMtUAUY 25, i 1920 ' JW ,:M ' .A' JUJ V JUAA AX VJ JT JX.UJLVJ - XiJWJLVXXyXVX 7'JXXJJAJUIXJJ: JJLXXXi i"-. NEWS OF FINANCIAL WORLD-NEW YORK AND PHILADELPHIA STOCK QUOTA TlOti J. 'ijjivp"' K.t . Ifcf v If Kingdom of Norway 6 Gold Bonds Pue relirunry 1, 1023 They arc direct general credit obligations of the Kingdom of Norway free from Nor- wcgiau taxes or impositions. r . v:U AI.-..I nLot rriCC IO I itiu nuuui 7270 C (rctidr on ' "' foi ''' 11 TlieNationalGty Company Correspondent '""" tr 'tClUfs riillndelphln-IIM CheMniil fit. Aliunde f ll. ( IibKoiiIu Work 1221 llnnrihwilU FURTHER HEAVY SELLING OF SPECULATIVE ISSUES Jacking of the Call Loan Rate to 15 Per Cent Brought Credit Situation in Limelight European Internal Loans French Govenimcnt 4s of 1917 Par value at normal exese.$193 Market value Feb. 24, $55 Belgian Government Restoration 5s Par value at norma excge.$J93 Market value Feb. 24, $77 British Government War Loan 5s, Due 1947 Par value at normal cxcge.$4S6 Market value Feb. 21, $322 u. Biddle & Henry 104 South Fifth Street Now Yorlt, IVb. 23. The credit sit uation continued the dominating (actor in todn.v'a stock market. All otlicr con siderations were agnin relegated to the background by the prospects oC tighter money market condltioon and much higher money rate?. The fears regard- I lug the lntler were partlj fulfilled In tlit opening or renewal rate for rail lo'iis at 7 per rent, which was nubile u.icntlv followed lj n further advance by midday to 1.1 per cent. , At the same time attention was drawn i more closely to the monetary conditions by reason of- the overnight eonMdcfn tlou of the Federal Reserve boArd'rf pro posal for an amendment to the reserve act, providing for an increase of dis count rates on n sliding scale for mera- Iter banks which exceeded a prescribed line of credit, and Which u.a accented as forcshndowiug n further enforced II- 'nuidailou of loans.- Coupled to this were the per-istcul reports of a further ' uduitiee iii the uiiniiuum discouut rate i by the Bank of Hngland gocrnori to morrow. As u matter of fact, all hIkim clearly pointed to more stringent money market condition in the next few weeks, with a corresponding curtailment of stock market accommodations, more especially ' in view of the commencing of income tax payments in the early part of next ' month. It also developed that mtieli of the eral Motors, Mexican and Pan -American Petrolcunifi and Atlantic Gulf and West Indies. Specialties of various dis cretions, notably American Wftolcn, Endicott -Johnson and Industrial Alco hol also broko sharpl. Losses lu these croups ranged from 'J to over tl points. Itcpublle Iron nud. Steel was heavily presto lor saio ut tne opening us u result of the publication of the earn ing statement fnr 1010. which showed but $1. l!l n share on the common stock. This jdiowlug, bowcicr. should hnvc caused little Mirprlse, as it was In Hue with predictions made for n week or more of the company failing to cam the dividends paid out of earnings of 1010. Little attention was paid to tho balance sheet, which showed a surplus after deducting the dcllclt and meeting dividend requirements (norc than equal to the par ".aluo of the, common stock. The reaction seemed to expend Its force in tho tlrst hulf hour, t lie mar ket settling down to ooniparatlw" dull ness. A few Prominent industrials- and low-priced rails made. Cull recovery. In tho main, hovecr. prices hovered near lowest IcnoIh, pending publication nf the first quotation for money. AnnOuneemrnt that tho local Federal Re.-erve board was In session and an advance in call money to 0 per cent recent call loans made at 0 ner cent wern ! caused further price recessions at mid offered bv some of the larger hotwe da.. Steels and equipments were having surpliiM funds rather than from I anrnug ilu shares most affected b fur the loaniug institutions. ' llier procure, but no part of the llt The higher priced industrial spccu-lwns exempt. luti" i-Mic wcio again the more Mil-! Heclliif were extended in nil direc- imrable spots nf the lists. T he weaker .features included Republic, Lackawanna und Crucible iSteels, Chandler and Gen- NEW YORK STOCK EXCHANGE TRANSACUONS m In Sales 1700 t00 too 2400 100 too 800 300. 1100 mo 74(10 7100 00 .100 700 1400 400 200 SOU tloo 700 100 34.00 73t0 100 300 100 400 S00 7400 1100 8000 2000 100 BOO 700 100 7700 4 ion 100 .. COO 1200 C noo 4100 10 2S0O o 200 7100O 9.40 tious in the final hour, the further shrinkage being concurrent with call niouey's continued -rise to 10 per cent. MONE y GOES UP, Philadelphia Stocks i STOCKS DOWNWARD i 12'- N't , vn ,! UEKOrSSOH & LOEB Member j V.-'i Yk end Philadcl))l in Mui; Lxchangea IAI0 Chestnut St. FOREIGN INVESTMENTS Comvlrtc tnormatinn furnuthrd rtunnt- ina I'oriloti Uovfrnintut. ASunmiml and Corvoralo 3.ut4 wis orii:r: roit ..r. r cukrunt BATKS IN .UlUtMs lO SCIT 1.000.000 Mark Cllr ut MuulcU 1 Ronds 1,000,000 Murks City (if Hjmbarc iWe Ilond, 1,000,000 .Harks rii.r 0r Urriln l'c llonds Many Reasons Accounted Amply: for the Hardening of Loaning Rates 13(. i-i l'J4 8 -. 11 .. BEARS IN THE SADDLE IT'S AS SIMPLE AS IT IS SANE AND PRACTICAL TO BUY SAFE PROFITABLE INVESTMENTS II c Will Gladlu Submit Selected Offerings Frazier & G. BrtOAD AND SANSOM STS. PHILADELPHIA 19 SOUTH ST B5 DROADW4Y. BALTIMORE NEW YORK Edw. (. Rudd .Airff. Co. 1st Mtge. 6s Due llff.. li:'l..l".l I'rcc of Prima. State Th I roc of Nnriual Income Ta I'nrr on ppltciliun Tow iihcnd Wliclcn c. Co. "ii'"i iie-tnut Mrect Securities for Investment JosepKW.Gross aCo. 1421 Chc3tnut bt. ' c i ' ' AUircif Cantpany GEO. A. HUHN & SONS STOCKS M) IIOMiy Mf inl ro ul th I'd Iju-lpl i Saw Torn " t hu 'v l I.M hiDm Vm lork l''lii I.x .ti,si Conunlislon OrcJi-. Executed In All tli Pnnr.i ii Maiket iii. I i.i.i ii iiiiiir iii.no. i us n.iinut m. n i. i"in "I rii i 111 HriiJilMiir. New urk New orl(, l-'eb. -"' The New Ynrk r.venir.g Sun's elo-ins tinancinl review today i-aj's: "Wall street has again lapsed into a t -late of mind which the bear traders i have not been -Io.v to seize upon to j cork prices of stocks lower. This may be only n temporary aberration, neither as broad in it. concentric circles of tantieme nor at deep-veatef as to cause is was eii'lenced in the late period n"' depression. Tlio.'C who hne w nipped theiiuelve? to the eyes in the black loak of de--pondency and dceliue the i.ttempt to , penetrate the clouds for Midi lining o! , silver ns there may be. have become i disproportionately numerous. The re-1 iilt has been and i-till is a harvot for the confirmed bears and a irtual with drawal of a proverbiallj, timid public from the market. Trading today was, id inet. almost whollv profeysioual. Oonre-stan v a" pre-ent at the opening anil, while there thetcd con-iderab.j l'- 'ban U:.!r henrted couiclioo Losses were not da extounvc an "'l t.'rdav, but Mich as they were 1 to O, pointi or more they involved indus- , trials and railb alike. There was per- i baps comewhat more of resiliency as , well H of resistance to pressure, but the whole performance was stneularb uuinsplrins. The liuaiicial situation was tlie Piling factor, fall loans renewed at 7 'n-r i.iii for the lirsi time in a we. I, or -. ,M'd i' Av.-s uot lotis after t'ie .,i..nrv , .n1, r- ii ned lllilt the rale fm i -Ii .. .i ' rmulii'ii mUatieed lo p' "t ati.l in the afternoon to 10 pi- t Tli" approaih of the Man-h 1 oblig.i '.'us. ui be followed closeh by fedi r.il and state ta:; payments. ii60 niteil witii the low ebb of the oluine of goirru meiit deposits rcmaininf: in the bank, i accounted amply for the hardening feu- , den'-v in that quarter. Want of material reductiou 10 'om merial borrowings and the ubsen.'c of other indicntious of a positive rorrectivc Ui credit inflation bae .served to add j to the prcvuiltac tiucasiness. A care- , f il study of the federal Reserve Hoard i bulletin and notice tliat the peucc i t.-eatv will be brought before the Sen iitn on Thursday and kepi there until ' ni ted upon should be iontrticiuc in rlueures, which, it i- mneeixable. mu t irn the tide of pessimism ! Menuwhile tin prifesional bears i have things mueh their own way. Al- ' though the railroad lull mav br deluycd for a few dnja in reeeiing the Preii- . , dent's signature, the temper of the stret has be u rather too easily im poed upon In the attitude of labor and the pelifiou to the Whin llnue for a i t..ing of th IneusiJie If viii fhug'.t that the sinel; list bad us. .ijnfi'l pitti in urn iry uder-n .Ii loin lent wlni'i o'lld lie foree"i. A lnrge sljnrt iunre.r li.is In en built u , . .iiid there wrre not laetiug those win. lool;e fni b'tter tl'ings mou. it only ou ihe biis of lOi'ruiR operations. FOREIGN EXCHANGE New York. I'eb. 2.". Tho foreign ex change market opcripd up riligbtly overt tlie dose of Inst night. In the earlv I inaiki't the dealings became irregulai . ImiMir, tlir- allied efhnng's eas.ng ipfl' fr.l tiomilly. ijniiiatiin '1.11 Dernand sior'mg .". pi cable- .".. Ifi'i : franc i-ahh - If i7 elie-ks 11. lift: lire rubles IS. I.', ducks .'27: Sm.' niblrh K.l", chicks H.1I0 ; Ildgion cable.- 1."...10, dieck l."i.."l.'; guilder- cnblen .""'.iii checks .'i" ; pp.i ta cables 17 ."O. checks 17.10; Stock holm cablcH lS.tlO. checko Is l.";C'hrifi 'tiiinu cables 17.20, chei ks 17.0.1: Co. penhugen entiles 110.1, checkri 11. SO J .marks 1 .0 Purine the early afternoon the for- ci;o cchaiv inw'-ei Hem quiet, wtini the llllieil eclling' II: Cll S Allia lus 2'J ' .'WO Am Stre . 4 20 tJJald Lo pref .. 0!j 0r".i P0ai 'i 100-1 i:i .Stor..U2 108 110 100 tCrio .. l.T 13l 100 G Asn pf.l'JJ 124 .1.1 1 C N A. o0 20 i 1.14(1 do war S' 7Vi 100 Key Tel. 11 II !( do pref "j' "" .17.1 I,k S Cor 17'.. 17 1 l.eh Nav It. (si 111 I.eh Val. II' lir.Miaini f 22'. 200 'Midvale. II :;-- I'ii it U. M V) Pa Salt. 7.1' , ii.i i ana i.o .in'-- ...i i- !I1 do cm pf "' Is'! I!.". , . ID'J Ph Hlec. 2.1 2l"s 2.1 .. 1 )HI (HI t 1 ' J. ' -j - - 4 1 . -i "iini 7 il'i i..,, .ins lT, 11 (W 'h ir.i, i.-, i i 1 nf ii", 12'.. .i ' mi -s-r 'h 41", 1 42-.S .'. .".lOl U T.. .'IIMI '. Iteadiug. IfHl do 2d pf 11.1 Ton llel. .1 l'n True 10:: 1'GI.. 120 U H SM. HO i- i 1 - H isl'l .1.1", 54 .i:ia, !M"'. JM'i Nrt th4uto umiJ-- l crnip4rlR0n tth last khI u.i Nw Vorl; MicU Lx'lunur j"i ::.-.a .11 mi i' C le." 02 7S 100 Holds (." T.'o. .iilllHircU Mltli IS I !i XI rptirilu- Thus lur il-'s c.k. :io.i.r.O. , bame p. rlod liiil .mi'ii Jya.CCMl, fulrs in IIONDSi NVl !"' lliuli Low Clo." ehse i o Lice ck rco Tr Is ... 02 02 o Key Tel 1st oi 7s5 7S .". I.eb Val Us.lUO 100 100 J o-20 Lib Ilnuds I 2d l',s. S0.70 S0.70 Sn.70 1.10' 1-.1 do.'IUs.. 1I.-.40 0.1. 10 0.1.401.14 .'1-10 yd 4'4s. 02.40 02. 10 P2. 40 .ItO 10!!-.1 4th l',s 1IO.O0P0.2O '.10.20 .08 20'-.- Vic 1M. 07.00 07.01 !)7.(W .OS 0 .Nut Prop 1-tls 27 27 27 :s 1 Poo P to Is 72 72 72 . . 0 Phi I II M con. rs... 77' 77'4 77', 1 Phlla Klec 1st .Is ... 00' j 00' i 00 'i l'.v 1 Wcls Co us '.ts'. 08'a US',.. To' I mles 058" fharon. compared with SOIM MinrcB yenttrda' Thua fKr tlilu uubU, I, li. shn.-cs. ?am period lant woelc. IT- IRREGULARITY MARKS TRADING IN CORN PIT Initial Losses Quickly Recov ered Cash Article Strong. Profit-Taking in Oats OrtAI.V BELT WCATHDIt FORECAST rhleRi, Pcb 15 Illinois. Mlimoiin Kana Minn-tola. lew urrt North Di Uota rrtly noudy tonlRlil ami Tlinrii: WIeonln Partly cloudy tontht. rolil';r Thurvlas , ("iifrallv fair. South Dikotii. SVhraaka "Ionianj arid W onung Uen. erally fnir lonlffht ami TliursdJ. CHir.(i(). Feb. 2.1. A good deal of irregularity attended the tradiug in corn toda.. The htart wu mied. .May and .fuly ruuRin; downward, while Septem ber was steady. Local operator sold at the outset, but withdrew Immediate ly when a demand developed through i oinmitbion houtes. The initial losses were recovered quickly. M&j , later, showed the most strength because of changing operation-, inanv commission concerns Inning Mai lo Imj and July to ndl. (ifferings of tne di'tant positions became liberal mi bulges, but there was nupport on dips The cash article was stronger, and there was concern among some hear" over the maintenance of fancy premi ums, particularly as the period for ac cumulation is passing rapidly. Receipts were disappointing, with the breaking up of roads In the country imminent. Oats were also irregular ion 0(100 700 '.'00 ion 103 3300 1S00O 100 1400 1000 15011 200 .".CO uoo :mo too 2100 noo coo 100 15011 100 tooso 1000 00 12J00 '.MOO MO nqo 0000 1400 600 mo 300 SI.'iOO 1000 .'.00 100 eGOO r:oi) mo (100 o.iOO 300 200 2011 100 400 200 2700 4000 23000 100 G.-00 200 too 2J0 1000 !J0 noo 100 j.-.no ino 3100 1300 40.) 1500 100 4100 400 JI10 1000 ;oo ino i. mi 31 'U I 1110 210 I no IWlMI 100 3200 3100 SOO too 200 200 900 2200 100 200 2510 500 kOO 10(10 310 .500 200 12500 4200 Iflfl 20(1 ton son 200 300 10J0 ltlfch Low Advoncv itumcly . . . . 4o 33 6AJax Rubber to OS .. Alaska. Gold if men.. 1J4 ttt 7Allla-ChAlmera .-. 38 ji 30 ',4 . . Allls-Chalmefs-pf . ...83V4 8314 4 Ani Cotton Oil 41H 4154 "Am Acrlo Chcm 9H Am AbtIo chtm pf . . . tl 8 Am 13e6l Sugar soli 8 Am Digclt Maifnoto...lll i. Am Call' . ...; 42,; 15 Am Car Aldy 130 .80 Am Drug Syn cash..., 13J4 Am Express M?i .. Am Hldo & Lealher.. JTJ 7 Am Hldo & Leather pflOS . 4 Am. ko ... 4o)i 0 Am Interim Corp. . . . 01 t Ain-lx. FYanco ISnirne. ISfi .l.Ab Linseed 7" 6 Am Ixcomotho oil 7 Am Locomotive pf..,10ii s. Am Ship & Com....... 20H 7 Am ttmelt tn.t ci? Am Smelt & Hit pf . . it 8 Am Smelt Sea A mw Am Snuff loi Am Sleet Foundries.. 4113 Am Sugar Itef m!$ Am Sumatra Tob 81H ni Tel & Tel 7H Tm Tob So ctcinp ctfs. (U Am Woolen iisji Ant Woolen .pf 103 Am Wrltlnjr Paper pf. ,44 iim .uiu wau a urn. Am Zinc Ij & "Sin pf . Anaconda Copper . . . Ann Arbor ....,,, Assets Realisation . . Anso try floodu Atch Top Ai Santa l'o Atlanta ninn & Alt. . All Ouf & W I S S ah nur av w i s s nf a All Refining 7r ..113', M.'iiuwin uoujinotlvo Ilalwlii Iyoco pf... ttitlilnmi'o & Ohio.., naltlniore & Ohio pf Barnet Ieathcr pf , , Harrrtt Uarrctt pf Hetblehcm Motors . Hethlehcm Steel 11.. licthlencm Stl 8 pf.lto'j Bklyn Rapid Transit . HI, Hkl.Mi U T-slfs of dep 9" Uootli Klsherlca 10" Hums Hroa .'; '.".IDS Hutto Copper & glue. ., BU Rutto Si Superior Cop. 24 tj Uuttcrlc); 20 Caddo Central O & R. IS i 10 101 S3 sen 14 34 47 4 83 . 3'ti .143. .10j . 100 , . 30'( . . 8U . . SB . .1161-2 ..106 .. 20-f, nai California PaclihiK .. 70' Callfonila rctroleum . 32 California Petrol pf . . 70',j Calumet & Arizona. . . C2 Ca ll.in Paoldc ...,122'i Ciuse J I Thresh SI pf. 90 Centra.! Leather 80M Cerro do Tube Cop. . . 47 (j Ccrtaln-tocd Prod ... 48 Chandler Motors . ...lZtW ChcsapeaJio & Ohio. . . A3 Chicago fit Western., in Chi fit Western nf... 26? Chi Mil & St Paul ao'a Chi Mil & St Paul pf.. 47 Chi & Northwestern. . SOlj C'hl ec Northwest pf,.115',i Chi Pneumatic Tool.. 83 Chi Rock Isl & Pac. . . 34?, Chi R I & Pac 6 pf. 04 4 Chi R I & I'ao 7 pf. 73 Chllo Copper 20 Chlno Copper 35 foca-Col.i 37? Colorado l-'uel & Iron. 3S -olumb Cas &. Cleo. . . 5G' Col Grapophona 40'j Con tntcrstato Cal M. 10 Consolidated Cigar .. 50J Con Cljrar pf 77 ij Consolldn.lcl Ua.i . . 7?; ConfcOlldated Textiles 27 Continental Can .... HO' Continental Candy ... 11 Corn Products Ref... 7024 Cruclblo Steel 195H Cruclblo Steel pf HD'-j Cubu Cauo Sugar . . 41 Cuba Cauo Stifjar pf . . ."0 Delaware & Hudson.. 01 Del Lack & Western. .172 Denver & Rio (Jrando 74 Denver Ac mo ii pi.. . n'o Doma Mines 12 I Lilt Horn Coal pf :G Kndlcolt-JolinHon ....1004 Kndlcott-Jobnson pf .101 lle 147, Krlc lilt pf 23 4 Krle I'd pt 17 8 Famous Playcrs-Ii .... 70 ramouB Players rtn . . HG l'lnk Rubler 30 ! Keilcrul Mill & Sill pf. 30'5 1'rceport Texas 'tH't ! C.Hlun Wms Wis.. 13i General CIkc (3'i r.'u Cluar deb pf 'i i.i in ral I'.betrie 15s Ii- nir.il Motor:! . . i.'..' i, i r.il Motors pf . is Ciirn-ral Motors dish, il ( (iiiieral Mot "" deb., h; (Joodrinli II I'.' .i',i Goodrich B I' pf t (irc.it Northern pf ... 7S Gt Northern Oro ctfs. 3i, Gulf States Steel... GO' Hartman Corp ... . s; Hatkell & Barker Car. 34 Henden Mfg 30 Hupp Motor Car I4t Inspiration Con Cop '34 Int Asrlcul Coir-.. 17 Jnt Acrlcul Con l'f ' International Nickel 21 t International Papn Wt Inieriiat Paper pr 74 loterboro Con Corp. 4', Inter Con Con' Pf '!?4 Int Han-cster .. HO Int Harv pf new. 112 Int Mer Marine. . . :io?i Intr Mer Marino nf 'l International Salt ;o Iron Products Corp 40', Jewel Tea 10't Kan City Southern ( Kelly-SpB Tiro . 111!.. Kcliy-Spc 8 pf . I'm Kennecott copper 21'., P!4 0 77 107H .10 U 124!, IV 9a :o K 1004 n e7i 124' 77), 804 105 n lfti CO 05 8115 tot 12115 HO 97 44 fl5 102 fi H lOI-i. A3 tr, . it 3 4 1.5'k M4 8 13t' G3 1I3'' J01' 100 344 474 f0 11JH 103 10', 8S'i It0 4 13 4 !T, to 103 f4 22 H 1 18 4 74H 314 fiST, 02 110?, 00 77 ' 47 40 US 34 -JH 3H 33 S2 It.'! 2 HI 33J4 G3 719 in 33', 30!, 37H 33 4 304 14 3fl'a 77 4 77?, 204 7S?4 to;; 77 ISO!, 93t, 40 ' 703, 91 171 7' 13-S ;ig 10.54 101 13 4 224 in G7H HG 33 2h i J 22 4 13 (.2 Vi 1.51 H 2214 '.s 71!i C Gin, 04 75?, 30 58?; N7 33 3.5 13'i 31H 17 72 204 71 73 I 13 lU'i 112 2 79?, 70 40 164 17 4 10R OO'i, 28 4 Today's Net Close Chit. 38-3 081 1H i 07 - 1U 83 V- 14 41 W- VA 85W--8J4 0?i- 77 - 3U 107U- li 3914- 3 12Sfi- ?' mi- 4 B9J, 20T- 1W' 100 S5t 3 - U'4 87V)'- 4 M5W- ' 77!',- 4 4 871,.- 44 104Ji !i 20U (03 95 81 ,, 101 - ?1 38. 3 12414- 14 8014- U4 07 - ?i 4!4- 2 uH- oji 10I?- Ji 4 IK -.3 J14- HI A3 H r- 1. 34- Ji 43H- 3H 814- Hi 8 - 4 , I3BU - m, 03 - 14 113'J-i- H ' 104 M- 3M too ' 34" i- 2 , 47 4" '-'? , SO 4 11514- 3H , 103-2 laH- H ; rjy. Sales In I 3100 1.T0 100 7 4B0O 400 1(00 3.10 2500 . . 600 3 300 1800 100 200 34 COO 760 toe 100 200 700 200 23400 500 13 7 13 7 7 10 3 7 1llh Keyslono Tiro St Rub. 2K; Krcsa 8 II pf J024 Lackawanria, Steel ... M;? Lo Rubber ft' Tiro.... 3tU Leblsh Valloy & Loft Corp 18)5 IiOe.wo Co j Eoose-Wltea Blccult ..48 Lorlllard Tobacco ."0., Lqrlllard Tob pf J5 Ll8K4t & Myers Tob..l0 I.lirn-nl JC -Klvi.ru nf. . 106 Llf & Myers rto Juno 1654 Today' " Vw cio unto. it "flt4- n 10214 10314-f; 314 f es 8M- V 30 80 - 9 45 45 - 1 1711 18 14 20 i ' sen- .14 148 4 105J4- M 16 -3414 48 14M 10314 16514 100 16H 164 its 16K- W Llgtf & Mvers rta niejl.le?i f " nJ? Loulflvlllo'A Nnshvlllo.topU . 10314 103 . 24 23)4 4- n .118 1174 1J8 - l 7 I 'll inUL, 1BAS1 107 V Manatl Suar Marlln rarn May Dopt Stores. . Mak' Mot 1st pf ctfs Mexican PefroIcUin S3 110 4- I3J4- or,- 10 -10.1 - 8', - 14 . 15 I 3H 4 I 19 18 4- 74H- 1?4 ( ails z'2 OOJi- 14 63 2 1304 2J4 001 7H - .14 474- H 40 - H 1184- 6H 34 - : - ?4 20U - 14 38 - II', 53 3 4 83 - 34 1154- 34 81-1 33 U- 14 C3 - 34 7134 3 4 10 - 1 34 - 1 37?4 - U 37H- 1"4 Wli- 114 ! 39- 14 ' 18 4- 4 50H V 774J- ?i ' 77?4- 34 264- 1?4 ' 70 ?4- 14 10 M- 4 774- Ui 1I4 54 004- 14 404- 14 70?, 04 17f - 1 214 SO Midvale Steel & Ord.. 441, Jllnn & 8t L'new- "Ja Minn St P A S St M. 70 M St I fi S St M L L A0J4 Missouri Kah & Tex.. 10 Mo Kan A Tex pf.... 1(1 Mlsrourl Pa6lllo . ?'? Missouri ratina pf... 47 Montana Tower pf... 99? National Acme ... 36)4 NM Anlllno A Clicirl.. A3 Nat Anlllno & Cm pf . . 84 National Cloak & S.. 05 Na.t. Conduit & Cable. 0?a Nat Unam A: Stamp... 734 National Lead 7714 National L.eaa pr 104H Novodiv Con Copper. . . to New York Air Brake; . 08 14 New York Cintral 71&4 Now York C & St L. . . 314 New York l-oek 334 Now York Pool; pf 7 New York .V It Al H. . 31?, New York Out A; W. . 10 Norfolk & Southern... ll'-4 Norfolk & Western . . . 03 North American A3 Northern Paclllo 77 H Nova Scotia S & C... A 4 , OHIa Prod & Ref 54 Ohio Cities Can 42?4 OIlM HICil 29? Owens UotllltiK Macli'. A3 Paclflo Doxclopmcnt . All Paclllo Gj.m & duo . . flO. I'an-Aiuep P'tro StT-s l'un-Ainer (UV 77.4 l-arlsh A Blnpham...'.' 38 Pennsylvania R R ... 43T Peoples Gas Chicago. .' 3S Penn Seaboard Steel.. 31' Peru Marquette 3014 Peru M.ii-tict(o pf . ... 49. Philadelphia Co ' 35J4 Plcrce-Arrow Motor . 53 T'lercii Oil ' 17J4 Pitt C C & St I ,.' Pittsburgh C of P.... 57)4 T'lllsburKh Coal pf... 80 Pittsburgh & W Va.. 28H Pond Crck Coal 17 4 Pressed Stcl Car 92 Pullman 114 PuntH Alcirre Su?ar. 704 Ray ' Concolldated Cop 20 Mlathl Conner 11300 1 .20 Middle- States Oil oauo S00 200 7 800 4 3000 . . 700 .. 13400 . . 3000 100 7 200 3.50 1200 .-.- 100 7 200 3 300 ., 270O ,41' 1700 5 7500 T 100 1.50 1500 10 1410 5 500 .. 290 3.(0 400 2.50 20800 100 I ion ,. tOO 7 :ioo .. 6400 7 aoo . a 2600 .30 2100 4 1700 400 3 100 4 200 3 18900 6 2200 . 0 100 3 3100 3 500 1100 14900 200 1000 3 15800 3500 ' .,. 300 2000 S 100 6 ISOO 500 I 2000 8 400 8 5900 S 0300 2 100 8 31100 C 9S0O 4 100 2 too 1100 .. too ;. 8300 5.20 lJi- o 13 U 30 - :i ion - :ij, lot 13 4 14 334 3 I lo - 14 07j- SHI 80 - 1 j 35 - 1H 38 4- 2 4 224- 3', 13 - S G3 - 3 '', W - i, 'I.54S- ij 2I9i- 5 J, 7S - I IV u HO - 14 34- n I oi - 4 ' 7315- 2H 36 1 04- 24 87 4 53 - 44 33 134- H at 54- 24 17 - ?, 72 2 20 4- Ji I 714-4 73 - l 4-4 13 - 1H 1134 -r 4 112 t 94 28 4- 14 79J4- 3! 70 40 - 1 184 4 1734 4 ?4 107 - 74 o4- 4 2-4 ?4 - -Ji Rollwny Steel SprinC. 80 Republic Iron & col. OtVi ReadlnB 75 ReiidlllK 2d pf 34 4 Repul) Motor Truck .. 44 Remington Typewrit.. 724 Royal Dutch Amer... $8 Ito.vat Dutch N Y... . 1 87 4 Savage Arms ........ 70 . . Saxon Motor 15 4 .. St L San Francisco . . . 24 .. St 1. San 1'Yan pf....-314 .. St L Southwestern... 164 . St L Southwest pf....'28?4 .. Seaboard Air Lino.. . . 8 . Seaboard Air Lino pf.-10H .74 Shell Tran-4 Trading.. 774 .. Sinclair Consol Oil... 384 C SIors" Kheff S & 1 63 O Southern Pacific .... 084 20 South P R Sugar 208 . . Southern Railway . . . 24 5 Southern Railway pf . . 57 8 Standard Milling 124 4 Stromberg Carb 58 7 Studcbaker 84 4 7 Studcbake,r pf 99 5 Stalls Motor -.112 ' . . Tenn Cop & Chcm . . . lo 10 Texas Co . i 175 . . Taxna & Pacific 30 4 0 Tobacco Products .... 00 '4 7 Tobacco ProductH pf.. 90H . . Tol St L West ctfs. . . . 134 .. Transcontinental Oil.. 224 5 Transua & Wma Steel 57 .. Union Oil 304 10 Union Pacllic 1184 t Ulnon Paein pf 00?4 7 United Drug 135 JOB 2.60 United T'rug 1st uf... 0 I nlted Prim . .. . ..IM1? I'n R- Investment . . . . 04 Un Ry IiiM-siiii pf.... 234 I'nltc'd Ret,ol Stores.. 07 Ja I'Hrir. Fdy 17 US r I Is A. I'dy pf.. 40 V H J-'ood Products... 58', V tnil Alcohol S34 U S Rubber OS U S Rubber 1st pf 111 U S Smolt &, Rcr 04 U S Steel . 05' U S Steel pf 110 4 Utah Copper 70', Va-Carollrta. Chem ... 03 VaCar Chcm pf 107 Vanadium Corp ..... 45 Va Iron Coal & Coke. . SO Wabash 9', Wobasli pt 23', Western'Maryland ... It!, tt'csii Maryland 2d pf. 20 Western Pdelflc 2.5 '. Western Paclflo pf 00 Wcstlnghouse r. & M. .50 4 Westlnghousn A Br . ins Wheeling & L Urle. . 13', Whlto Motor 53 4 WtllyB-Ovcrland .. . 23 ;, Wlllya-Overland pr h 5 WlUon & Co I.H H Woolworth r W. . .121', 7 Wool-worth pf . . H3'4 5Vortblngton Pump .. 714 7 Worth Pump pt A . . . H8 '6 WVirili Pump pf H 094 200 1000 11600 300 400 800' 400 1200 2100 27800 600 19300 too 7960 700 100 1000 33800 200 300 400 5700 13300 1600 too 200 5800 300 4700 (GOO 100 too 300 100 1011 1090O 900 100 3000 mou 17600 100 G"b 891011 800 3100 700 too 1200 200 inno 800 3000 too lion too 3300 200 6300 2100 1170U 10') 300 100 100 3700 ion 100 13 3 334 3714 43 Ji 114 70 50 04 14 37 4 43 noli no 3l?i 84 614 0 60 14 73 104 H 15 03 70 31 334 47 324 in U14 95 .33 734 53Ji A 41H 384 53 09 40 70 4 74 4' 38 ' 424 34 ,20 ,27 ?i 43 334' 0 17 03 sva 80 264 1794 884 1134 74 194 90 87 ?4 724 31 (A 44 03 98 ,9.5 4 70 14 4 ,224 .30 . 4 104 764 37 04 93-4 20S 32' 4 604 121 354 so 4 99 110 10 170 33 5 1 ISA 003 1234 "JO 4 56 29 4 1164 go?; 13.5 I !l ' i I Ml 04 33 0.5 ", 10 in .50 51" t 03 4 111 03 14 f3?4 110 09 014 107 44 4 78 9 4 2S 10?4 20 21 GO 4(4 107 12 31H 22 J, 87 We 121 H 113 4 03 H8 on 1, LOCAL MARKET ETREMPrv DULL, SOFT IN FEW SPOTS uin' 22!-. ?4 28 H- V 434- 19 144- " 70 - 34 B0 - 14 04- l 14 3 37-74- 114 45 - 24 90TI 94 3614- 94 6115- 14 84 3 044- 'A 9 - 1 6614 7.1 - m 104H.- 15-14 95 - 44 7014- 2H 31 - 94 33J4-114 471 334-5 in - 4 H14- 2 95 - 2 33 94 754 34 53 J4'- 114 5-14 4154-' I 284- 114 55 - 3 69 3 40 - 1 874- 414 74 4 3?4 38 ' 3 M24 ft 304- 2' 20 t? 37 -.14 40 1. ' 354 1 50 4- 215 General Asphalt Preferred Dropped Frcsh-Limi in Electric Storage Battery . " 1 1 ..I United. Gna Improvement, but ti.v . was Arm afM. -Lake Super Lr c2 C ntton .b, wa8 ne,le,tc2r! changed atlTy,. Bond dUn2 ucd very llrnlte,, .Ul, "J' NegotUtl'n'ijlOIDomlnlo'rf Lfna an. Now Yorli,.reb'. M.-Hole 0 tL L' Domtaiou Steamship Co., erts " of tho company, now held by aJT., rail lines. 5vas reported here tata Xl'1 chnsers'ofthe stock am mIaETiJ?' thoo now heavily Intcreaten 1.? Tnllnwv ..M.t -.1. iu ULt Y3 17 02 1 54U--3T4 80 ' '2 204 2 174- 1 88 4- 44 1134- 14 74 -, 4' m 4 xo - 24 884 8?4 7214- 34 .3i4- 14 44 I 70 1 983 03ft- 94 70-3 144- 1 224- 114 30 - 24 l14 94 28 4- tft 8ft- ft 164- 14 70 4- 14 374- 14 64 74 03 4 .3 203 -f 1 234- 2 A7 94 134 4 554 - 3H 8094 394 991 110 1 10 . 4 17114- 2 4 334 -3ft C.i 3?4 0094 - 4H 1394- 14 ;i - 14 50 24 30' 4 1I0J4- ST. 0094 4 There wcro several, developments In connection with tno money market, which served to eauso the local market community to tako more notice of the credit situation. Theso developments had tho effect to bring the. trading In terests, and othcra na well, face to face wvLh. l!ie ncuto conditions prevailing. Tho first of theso events was tho ac tion of tho directors of the Federal Ite serve Bank of Philadelphia in Increas ing ,thc loaning rate on loaus and dis counts secured by treasury certificates of Indoulcflrios, nil maturities, f rbni 4-i to G per cent. No other change's -In discounts wcro made. The other wns the 'significant stiffening of rates on commercial paper., Tho nominal quo tation for such paper had been 0 per cent, which with coramlsiions .was Wluivnlent to ,0 to 0-"Ji per cent. The rate today on similar paper ivas re ported at 04 to 7 per cent. It has been cencrallv known nuiMe of their own client the bunks were, practically out of the market for tho commercial paper. Every effort Is made to meet the requirements of the regular customers, dui in no inr os possible, nil renewals arc reduced. In other words, the Joanlng institutions nro supplying only absolute needs of commerclaWnd business Interests and entirely elim inating nnythlng having tho slightest tnvoriog of speculation. v Marketwise there was no discernible effect other than a further curtailing of operations. Extrcino dullness pre 5 ailed throughout most of thu sesslou. Some 5vcnk spots developed which, however, were without local nlgnlflc nnce. Ab experienced ta tho previous declining periods the market for tho higher-priced specialties was found t6 bo extremely thin. Gencrnl Asphalt preferred on 11 single transaction dropped $8 from the previous solo to 121. This, 'however, was ,u case- of bringing the locnl quotation In closer parity with the ruling price on tho New York curb. The stiller money rates unquestion ably nnswered for tho reucwnl liquida tion in Electric Storage Battery, which tarried the dock down to 1 00 , a de cline of $3.fi0. This, however, is $10 nhoic tho low murk made lu previous break several weeks ago. The Insurnnco Co. of North America warrants were again on tan and frtely supplied, causing a further 'drop of over 51 to ', which also was a new' 'local iceord. Tilt stock on smaller trunk actions declined fiO cents to 29',. ' Tho weakness of Pennsylvania Hailrond, Lc hich Valley and Midvale Steel were merely rellec.tion.s of the declining move inent in the New York market. Mobt of the purely locnl stocks stood up well. American Stores continued to display exceptional strength, bcorlng a Mibstantial fractional advance. Phila delphia Itapid Transit was heavy, drop ping back to 23, or 7" cents under last night's closing quotation. Philadelphia Electric shaded slightly under par, but had good support. Little wns done in tie Uncs. At the office of tlicoid rsZFl yet mode, hut lrw nntSi.iffvYi'Mt KPtlutlonBto that end were nn.J' Kpuucions 10 Hint end weft nml Jl5 The. Old Dominion Line, onffli'fi- tween New York and 'AtWlSi; porta, owns and contrnli. n i.. ''' Eteamcrs, llvo of which ore nUl tons eneh. In n'ddltlnn i?...bAn ?W0 etc. a'8"' ,un. HIGH GRADE INVESTMENT SECURITIES at prices to yield from- . 6i ' to over .. 8'' Offerings of selected issues will be sent upon request for CtVc. far L-S2S. i E. H. Rollins & Sons' 1421 Cheitnut St., PhiladelphU Boston New York Wilfccs-'Barre Baltimore Chicago SanFrancitco Man Experienced In General licdgcr and Trust Depsrt ment Bookkeeping 'wtntec" by rinin, clal Institution tn central part of city. Box A 102, Ledger Office 'Information giving u comprehensive idea of the beneficial effect of the Cummins Bill on Railroad Bonds will be mailed on rcquc&t. To those who arc well informed, on opportunity is now at hand to purchaso strong rnllroad invest ments on u, basis which compares .favorably with almost any other time within thelnst five,-ten or fifteen years. ,. , ... BROOKE, STOKES & CO. Members Philadelphia Stock Exchange 15th & Walnut Streets Philadelphia ,102 St. Paul St Baltimore J 4 The Present Market Price of Securities Pork May . .34 HO Julv Mel- uNo holding ciuirt ' j,,iv '".Si.io ion liounes executed resting orders to sell on all ralllex, and there . profit taking by timid Ions. The 1 mil nrt i ee held wel. Receipts were Igllt. with Moel, ie ereiicillg. t "jillnit mi'ir.k r,ini'i n roilow-: 1 t rn (new niu r w Oprn Hlrh I.n-i- May . l.a.l'a 1 M l.im; Siept .. l.'JT'I 1 :'ts 1 :-.S Cuts May ... 7fl Julv .. . 1. -4 MONEY-LENDING RATES NEW YORK Mouey ou uili Imtli classes of security, opened todm ui 7 per cent for lending and renew in;. Brokers reported the time mom tnur ket almost clear, so far as new mi.ney u nnncMnin t rrrjiBiuiiiii ii'.ik-. m it Commie- , moderate amount are being mad' at 01 ........ t.,, . per cerii lor sixiy n'i "'.' lndii-triuls and ut 8j per ceut lllhed tieeiirllies. Mercantile paper ratr lie 1. oceahionnl l-iiij,n ClBUft t.3'a l.an'a 1 '.'7'. V' 'In, 1.34S I 30i 7. Ii 200 Shares Northern Central Rwy. Co. CHARLES rK A RON & CO. 3X1 f'liotliut .Street TAX RETURNS "" ,1 I. Franklin Howard Accountant tktaat tfpruc till 879 Land TtU DhU. nrl .?i.'ul Ilini.'inil lerlinir unr nib nii"iid tit :; -JfH, and rabies at .1.11. J'".; , Truiii In Id well at 1 1 07 for cables 11 ml J .jji, ill (111 fur elifckc. while lire WIIH rUOted I nt 1 '.il for cables and le.2- for ebec.t Mark- ld for 1.05. Vrlfril4V'N l'lnal OaaUllom Jirli'- Pranei. 1.1m Guilders Dminil . nm 14. it 1SV2 n ia.10 Cttbl'P.. 3 3', 111.1 18.SO Sill6.l Toilny' 0(VMiln Qnolallon trlln rmn I. ire riuihlura II ill :ii ( 'i ni VI v. IS 1", 18 no .11 nn r.i r.o ill no ji .'in m in If 80 n4 fi-. 31 c 3 so 31 30 'J', fiO VI .-.0 l IT ! 'I in 77 II 3J 1 vr. 1S.73 ; lnand rbl T'-'nand , lile Pm'n1 Cablet. .1 4ft 11 "'i IB '.'T 37 . a nt 14 "7 is :;, n;. Noon 0,unlatnnii Hurline Kmnr I.tr- 'imlilrB 3 40'. 14 OH I" A 3 41 14.07 IS 'JO Cloning Quotations Bt'rllnr jermnes Mre Oull'lri! a m'i i ox BANK CLEARINGS njni rlfsrlnc today compsred will) cor- r..PondlnirJU.tfosr.jr.i wh Phlla. ..JJ.3.tl' l.4i.P47 .1,.i:.1,TT.1 N York 893.822.P14 70.1 'JO I n. 50.iaS.fi6i) noston.. 327 n.17 ai.rt3.H0 riilcano K2.13I 27ft no, 041 170 ... luitnnori 1 1 ii i ii i- ".ii " ner cent, with an tion nt 7 per cent. Prime bank acceptances are 'in-hong-ed at. 5atfl,0 per cent, liiihine-, waa moderate. rillXADELrillA Call. 0 vn mt; time, 0 per cent; commercial paper, three to eix months, 0 per ceDr fjeserve Banks' Dlecount Rates Tho first column given mt for nil periods up tu and including u iifteeii iIbt mnturltj . the sreond fnr h period of nlxteen to ninety days. The third and fourth columns give mc iieS ior nis counts for collateral loams bfeijreil by government bonds or notes. 9 I'nITl'l llADfir I.A.'I n.M., -". ' .r. rr. ,. - " .' i"-i''i 14 to no 1" djys dais v, at. ; .r.ti m, sli LIVESTOCK QUOTATIONS I ridraso. f'b. 23 IIOOS llfcelr-la ID 00n j lira! lllshfr. Dulk. J1300ST11.00, ton I tit SO- he.-nj, II3.65ttl4 23. m-dlum. JU 13 j 011.63; Unlit, 1H.D02TH60; Ilshl iKlitv. 111. IS 14 73; he&yy pucldni; uows, rniooth 112.40013. racklnc town, roueh 1120 ' 12 10: pirn, 113.23914.30. rATTU-Ueeelpts. HOOD liwl Steady. ' n. ....... ti . . . .. .....I... ...... . Oil Urei Dircra llicuiuui il'i iiit. y. vu'jtc" nii-i i irnml iPrlitie, 113 731 ttl. medium und cood. III V." tf 13.73. i-i'iiimon. JUS 11 23 llzht, urmd kiW i rnolr". 111 ilO ii I n 2ft . common und inniium to li'l " 30Q 11.1.0, bitehr rultlr lielfem. in 301 12 r.0, rim-". 10 uOij'll 23. cHiiir und en' frs. I&UO.'iO, QI iJilvea, tlSVia VI; fe. il c diners. 17 50tfll 60. stoclii-r steers. )il (0-11)25 COHON PRICES REACT FROM 2T0 30 POINTS Weak Stock Market and Falling Off in Domand From Shorts Induco Weakness Many investors owning securities which show cither a substantial profit or a substantial, loss are hesitating as to the advisability of selling and re investing! The depreciated purchas ing value of the dollar makes it pos sible to reinvest at high interest rates. Owing to this condition many of the best bonds are today selling at exceed ingly low prices. Ask for special list No. 7309. Bonbright & Company MORRIS WISTAR STRQUD, Jr., Manager 437 Chtatnut St., Philadelphia New York Doiton Chicago Detroit il New Yni-U. Feb. '..-,. , fals off in hiiEEr niots. ls.oon head, strudi. . tne demand from shorlw. the trndo and Lamb.. 117.S0UP20.8B! culls and common. , nr.rni .. . , ,!? '. iniiri7.23. w. nitdlum. kooi nd eJioi.-o. I ironi Liverpool, combined with tho II1.2BS14 00' culla's-nd common. J8910 73. iw(,akncM of Htoeks ,f,j u react0Bnry East hi. IxniU. 1U., Kcb. 25. IIOOS He. prire-niOVCtncnt in the enrlv afternoon. iWrfa:. m.?nl1'" f'?m M to 30 (14.83, lltht. IM.60W13: llht ilfhta. ii i as ' poinia irom un- earlier high levels) tie.vy peklna rows, smooth 112 : 312 2 til r:, 'tl 12 30; r.aek(ni: bows, routli. Ill pics. 11211 14 r.o CATTLi: Meenlpls 420 tif ail n 1 rieef Mrr" ineiltim and heO", cholie prime 113 7ri'l B0- tucdlijm uml irrwl. naininnn, iii"j ji' uu, livui common and ciue. Iielf 110 73113 30. too' 3 II 14 00 18 18 1J 18 St t.oul.' 58 T'83 370 24 347 8!l ... New York Metal Market New York. Fb M,-oppr 5pot. Kip ruarv and fsrrh. orfrJ. 10'te; April,, ,of. tered. 10e, Mav anJ June, effured. 19V4c. Market nult. Iad fpnl lebruary jnfl Moreh. offered. flHr Market Jrm. Ppelter. All inpniiia. o iwi uv.wv, Doiton New l'orll . T'lilladtlphlH rtlehrnond Clelan4 Atlanta . . . Chlt-aa-p HI IOUIS Minneapolis Kanuas City Pallas. ...... Ban rVaoolsco IB days ti a tl Ii aptr 10 (OCU Jao a r, n ii it 8 II 11 a a A .ni, v. Mi lli nd liiole.e, I12'(i 13 30. ni., Itim I .-.Bffll 7i hlllrMAV l-Blll Melf ' . . " I - , . 1. --.., M-.i.... i. ...... ".---- ' --.-" ?r:i-' .... iiiiii v...l. A ri.n,,l Tlll. ' . rt. . ers. I7.23wi3.au. i-of it 2nioni.ri, can-1 " umen in vi i vn i. iirtiuin unu iuu 10 ners and cutters, tl 731i7. ral calves, llsht and nanay wcuni ii2iT70! reeor titers, Ift.SO'S 11.B0: slorker tteers, JTrt 10.B0. SHEEr Receipts. BOO head (Heady. Lambs, 117.7B'o20 B0. culla and rommon. I1S.BOIP1T.B0; earunc wemi and eommon 13?ta hers. in18 SO: 1I owes, medium and choice, 10913.!3. culls ,-""rv"" 38', -ast flt Iximc IT Market steady. niea ou outataivlloa certlfli.it'' ilebtedneti continue unchanged at 4, cent Kasl IlulTalo, V. V., Pin. 23 rATTMC -Receipts. IB1) heart Ht'ad' . Calre--n-eeipis, 100 head Plfty L'nts higher at 10 '"23 HOOH Receipt a. 370n hn.'l Twent- lle e-nts to B0e higher Heavy, 8ll.nOIV.il 7ii mixed. 118 SS31B BO. orer HB.BOVIB 73 llrht ynrkera. tlB2AllfiAn. nlri. II.'. IJ ' . ...rt.A ... ,.aw- .- -..-9 i ruuann i.'i.oij, stags, ibviiu, of in I, UIIEEP AND IMBH Kecelpta. .1000 lrlhead Imbs 25o higher. Lambs, 1138 20 7B others unchanged The b'outh how been n moderate pcllor on the arlvance i0ilnj uml offcrincn from thi rpiarter heemerj to incrciihe i ou ii n'ule-iiti. L'xportK, icportetl lo '!:l."i o'clock, uKKrc-rnicu iu...im Diurs, incliiillnc JO llOlt tt.il.v . a r!,.ui Tlut.i. .. .. the continent. Total exports thus far for the oeaBon have been -1.278,309 holes, compared with 2,873,078 bales ior tne corresponding ner od last 2.30 P. m. 37.BB nfr.04 32 '13 March May . J uy Oil Yest. Today's 11.00 eloe open a in .. 38.78 38.85 . . .. 31.30 31.31 31 88 . 1(2,00 32.03 32.38 . 20.8,1 20 00 20 33 1.30 p m 37 32 .'14 k.1 32 01 ftAILROAD EARNINGS CANADUN TACIKIC Third iek Kehrunry II.HOLOOO 'tlTsVJo Krom January j 2J, 108.000 S.tnioOO iiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiii'H Foreign Bonds A comparibon between t(ie coat of Internal Ilonds of certain countrica boucht ut tmr prior to the War with s the cost now, duo to tho extreme low prices for. 1" prcign s UALiiungi;, Bliuws; PrcWar Cost at Par . W88 per cioo , . $103 par 1000 Fr. , $103 par 1000 Jr. ,. $103 per 1000 tire .Ipproxhuala Cost Now 3J40 $77 $91 Great Drltaln 0 Bonds... French 8 Bonds Zl Belgium 0 Bonds Crrman Municipal 4". Bonds.. $238 ner 1000 Marks $a B Wc uro prepared to execute order jn bonds of the . - , . above nations-und huvo prepared a 'special lettor ttlvinc - facts and figures about them for the guidance of thoao . - 5 who may bo interested. 2 5 Copies mBlled upon request. , ass E rncef quoted are tUVject to .cianff. , West & Co. 1417 CHESTNUT STREET S Msmbers - - S riilladslpliU block 15rliano , t - Now York Block ISxcliaaie - We Alway. lUve on Hand a Wst ir lli Otailt Bond Cotrtipondeaci) Inrlted TifiTlfin i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 v 1 1 1 1 1 1 1 1 1 1 ii 1 1 1 iii m t iii ro 1 1 i i m n 1 1 1 1 1 1 1 1 1 " . . lV.' a.-.. ..r.t-JaJf,, why-. jwrflMiiiEihas.ia, kdUv,.. !&&!&igt&ta .1,. i mm im?m lllaiMHilBalll
Significant historical Pennsylvania newspapers