' wnwuftr1"- -irr '- T'RTB-y ipty w w "Y&VT " fc'vwiawW 'vw" vtHi7$FK fipfyV'ifimVfl i 20 D Service and Stability Our Title department le new operating In the ndditien te our building just completed for its use The convenience and comfort of the new quar tcrs will add te the effi ciency of that depart ment and enable ' it te render a service even mere prompt and satis factory than in the past. We will be very glad te have you call and inspect the improvements which we have made. Integrity Trust Company Fourth and Green Streets Capital $500,000 Surplut & Profit. .. .$1,770,000 Te Yield 8.75 Preferred Stock of an essential industry. Company distributes daily necessities of life. Business found ed in 1877. Dividend r eq u i r e ments earned eleven times. Profits stead ily increasing. Applicable net assets approximately 225 of selling price. Followed by common i. stock showing earn ings of $23 per share. Descriptive circular en requeit " C5HANDLE3& Company iimmtii Frunklin Bank Bldg. Philadelphia Nw Yerk nten w H'TMi naltlmere Kennecett Copper Frem the standpoint of ere re serve position Kennecett is the premier copper mine of the Amer icas. It has an equity of 5267 pounds of copper for each of its outstanding shares. An analysis of the physical and financial con dition of Kennecett is contained in the current number of our Market Review. Among ether stocks discussed are Imperial Oil General Asphalt Swift & Ce. Fisher Bedy United Retail Candy Royal Dutch Rent en request ter L-58S Hughes & Dier Kxrhnnre i.ifhenre Trade Mrtnbers I'lille. Stock Etrl J riKnhiirrh Hmrk I rhlr:iri Heard of v New Yerk I'redu ce Exchange 1435 Walnut Street Philadelphia Telephone! l'ittburh Spruce 813 New Yerk Knee. 18SS Cleveland HARRISBURG LIGHT & POWER CO. Ist&Ref. Mtg. 5s, 1952 impmt n . Harrliburg- th. .tp, i -. F' . nnd lt vlrlnlty ..pi .11 n ' '. Kin Vet earning;. ver J '-5 f'n in Tat. Kra of Ti In p. m.a 4: 'formal Tax I Price 7B4 Te net 6 BATTLES COMPANY Investment Banker 8 Established 1SO 9 H Tle,'el', giure 'Knr I, .1 G. R. McAllister & Ce. announce that Oscar R. Dare has become associated with them as Manager of their PUBLIC UTILITY BOND DEPARTMENT 74 Broadway, New Yerk Telephone G200 Hewling Green Lawrence E. Brown & Ce. , CERTIFIED PUBLIC ACCOUNTANTS Mvr.tlf.it? and mlJiiM , prlner.hlp nl "rirara'ien rreiinl. Al lrpar O. 8. i Tax Kcturnii. 1 SAME CONFUSING PRICE MOVEMENT Sales 700 400 100 800 3J00 100 100 10 2900 tee 3101 3)0 100 8)0 1000 1S00 1500 000 100 3100 600 1203 3310 3)0 100 SOO 100 300 300 3500 200 300 3000 100 200 000 1000 78)0 400 8300 230) 200 eoe 200 1700 3330 300 100 700 800 400 390 200 1100 400 4400 200 1700 3)0 eoe 200 400 000 000 800 2JS09 500 0310 7)0 100 100 77)0 200 100 3800 100 700 390 000 500 200 10)0 000 3700 100 200 200 200 0)0 3)0 100 500 1200 530 57)0 43)3 300 200 800 100 700 2084 49)0 030 103 700 100 000 5)0 300 100 200 330 SOO 100 100 590 400 000 400 200 inn 500 500 400 leoe 1000 1500 1000 3100 200 400 100 500 100 2000 800 300 100 200 Southern Pacific Segregation Plan Fell Flat a3 a Market Facter 3LCW. Xerli' .?,c?- ? n,,nninT n true ertn te pstnbliahnl prpr-pilent of tlie 'pnr today's stock market ns uunl did the unexpected. Tlic mnjerity tin tin 'eubted'y after sleeping- en the Southern i acltic scBreRntlen plnn ever ntsht enme n. ,0 ",e "trect this morning fu'lv enfldpiit of feeiut; tlint stock go through lie reef. My rcnen of the mlstnken ilKiinli somebody left the cellnr deer open nnd the steeh inntend had n ills ncreenble tumble into the basement. Ite Ite ere the opening the majority were In "'inert te reirard the offer te the South Seuth Til I'neIMe shareholders te buv n part nership in the oil InndM as about the Mpjrest piece of bii'llsh cenntructive news en tlie railroads given In n lenij nell. After the oeenlnR nnd nftcr the tock had descended ever 3 points from 'nt night's oleslnj many of the trnders irefessed te find big bcnrlsh nnfumeats In the preposition. As one trader put It, it had mere the earmarks of an n.sicss ment rather than n me'en. Many en tertained a different view, of course, but is a market factor the incident fell as "nt as n nancake. Recardless of the Southern Pacific finsee, the general Ht likewise failed te come up te expetcntietm. The shorts overnight apparently found sufficient reasons for charging their mind for re-, stinting the hastv covering movement observed in the final dealings yesterday. Seme of the oils gave n geed account nf themselves, but this was easily coun terbalanced by the fresh henvlness which quickly developed ngnln in the rails and which was rather difficult te understand, although it was evident the market was virtually full of stocks. The rather free selling of Southern Pacific, which extended Its less te 8 points Imparted further Irregularity te the list, especially among the rails nnd steels where reactions during the morning ranged from I te 2 Ms points. Tlic heaviness of Southern Pacific was made mere confusing by reason of the con trasting strength of the rights and the new oil company stock en the curb. While the stock dropped te 100, the tights advanced te 23& en the curb, while the new oil stock nt the same time advanced about 5 points from the open ing te 38. The henvlness of the rails for n time was offset by the substantial rally In the oil stocks, which apparently had Its Inception in the reports of a possi ble increase in tlic dividend rate in Pnn Ainerican Petroleum. On the strength if these rumors that stock advanced 3 points, while Mexican Petroleum was run up ft points. At the same time As sociated Oil, which figures prominently in the Southern Pacific segregation plan, gain I'd 4 points. Housten Oil nnd Texas Pacific advanced 1 te 1 points. Shipping shares also threw off their Heaviness anil specialties or me lcauiur, textile and metal group rose 1 te 3 points with the shorts covering actively en the rebound. At higher levels, how ever, the new familiar halting tendency redeveloped, accompanied by the fixing of the call renewal rate at 7 per cent. LOCAL TRADING " WAS COLORLESS Heavy Selling Carried U. G. I. Down te Neie Lew Recerd . for Year Further heavy selling of United Gas Improvement forcing that former local favorite te a new low price at 30 was the most prominent development in the I day's operations in the local market. Altogether tlie day's movements were much of the same character ns witnessed in the immediate preceding sessions with mere or less confusion In price movement. There was also further evi dence of continued cleaning out of weak ened speculative accounts, yet nt tlie same time the day's dealings could be regarded as entirely colorless. It wns again quite evident by rea son of the peculiar conditions existing that the market in many places was ex tremely thin en both the buying nnd selling sides. This was testified in the rather animated rally in Ccueral Asphalt of mere than a point. De flected again en tlie opposite side by recessions sustained by American Ship, Huffale and Susquehanna preferred and sevcrnl ether just such innctive issues. Dribbling selling orders appeared time and again in the local utilities. Philadelphia Hapld Transit was held nt 103 : Union Traction at 2l):Ji. while Philadelphia Electric bhaded te 'J-1. , Electric Storage Battery, after an pening nt 103, dropped back te 102. American Oas wns supplied at 80. but -eemed te find rendv takers. In the ai's Peim-ylvania Uailrend held the foremost position. Lehigh Valley ran up a point, while Lehigh Navigation fell back te 72M,. Financial Briefs the and The average price of twenty active in- i'lMiriil stocks advancd 0 46 per cnt .stt-nlay te 76 EO, while the twenty ulreads declined 0 10 per cent te 77.45. The government will withdraw 112. iii oeo from member banks In the New erk dlHtrlct today The New Yerk Subtrensury lest $675. j i te the bunks yesterday, maklnp a uh net less since Friday of Jl.S40.U00. West & Ce. state In their December nencl lftter that when the year 1'J20 .nils there will close In the history of flnancM and Investments a chapter In which there will be recenliu unpar alleled events, quotations nnd Inter, st July I ..nil low prices for hlirh-irrac! bends will b lerlted upon as a landmark by bankers and inventors. Charles V P.-arson was elected a di rector of tne Ninth Nutlenal Bank yes terday. i DIVIDENDS DECLARED ! s 8 Kreice Ce.. K-mlannual 3 pr cent 1 m enmtnen and quarnrly li pr cent or? I nrrfrrr1 he'li paviible January 1 te stock of reciipl r)fcmber 16 ' Arrenur Ce . quarterly 1 per cnt, pay ,f January 3, te ateck of record Decern br IB , I'ure Oil Ce quarterly 2 per cent en S per " nt prtfurnd I'i pr cent en fl per cnt preferred anil l' iiT cent en 8H per cent p.ifrr-l all pas ante January 1 te deck nf rererd Per-mer lrt N-w Yurk JMIi-en Ce . quarterly St 70. Kmtrrrr tin llnu Mill Ce, of Halllmere. a 'fill ear' dividend of B per cent, pavab'i January 1 te stock of reenrd Deeember IT Citlen Service Hanker' Rharea, menth'y nr Jinuary will be thlrty-nlna rents a hare payable January 1 te ateck of record i December 18. RAILROAD EARNINGS ATCHISON. TOPK1CA AND HANTA FK HTSTKM ivteber srnaa .. . . IV I 49.1.074 Net nperat Income 4 1R1 107 Ten tnentha' btes .JOfllOVHIS Net eperat Income . 10 BBS BIO 13.410.01" SIB 11H 38 08 1 07- 11 070 07' CIKCAOO. BT. PAW.. MINN. AND AMAHA Jcteier rea ... 13. 184,708 Net eper Income . SJJ.OJs Ten months' sress.. SJ.jJfVnS Net eperat Income, . 1,803,100 DecrtMt, I8HVRK UL'.tmi' 3,(100,841 304,47a I EVEKINQ PUBLIC LEDGrER NEW YORK STOCK EXCHANGE TRANSACTIONS Dlv. lnt 1:8ft Net Lnt dig. 14 - 1ft 60 - ft i3 - ft IV 52-1 30V4 " 66H- 1H 8 28H V 80 - ft 128H- M 20W- H 8ft4"ft 17H 1ft 41ft .. 86ft- ft 88 ft 14 70 .2 V4 W ft- 44H- H 33ft 4- 2 03A V 73ft 1ft te 119 - X 90 113 2Ji 73H 2ft t3 ft 7tt .. 39ft .. 85V4 H 102 3 r3M ft 12 ft 110 'A 13ft- ft 97H .. 37ft ft 48H- V 118ft 1ft 3H- ft 84 1 &4K ft 10ft- ft 7 8 89 11 H 02ft ft 21ft 1H 115k- ft 39ft 1 ft 31 ft 77 - H 64 H 8ft .. 21ft 1 30H- ft 50 JJ- V 75J, K 29ft- 70ft- ft ft H 18ft- ft 52 ft .. 88 1V 23ft ft 28 50M- ft 13ft- 75 - 2ft 78 'A- ft 20 ft 02 - ft 5H ft 7ft- ft 72ft- 30ft H 01 Illth Advance Itumely .... 15H Advance Itumely pt. . j!0J$ AJax Itubber 33 Alaska .lunenu O M.. lfc Allied Chem & Dye... 58 Allls-Chttlmers 80 v Am Arrle Chem 6H Am Deet Sugar pf.i.. IS Am Can 28 Am Can pf.,,.. 80 Am Car 4 Fdy 124 Am Cotten Oil WW Am Druir 8yn....... 7Ji Am Hide ft Leather.. 8 Am Hide & Leather pf 47H Am Internat Cerp.... 43 Am Ltnsecd 87 Am Locomotive) 88 Am IladlateT Ce 70 Am SnMy nazer.... H Am Ship & Cem 10JS Am Smelt ft lief 44 M Am Steel Foundries.. 3K Am Sugar Ref 93H Am Sumatra Teb.... 73i Am Tel & Tel Bt Am Tobacco 118 Am Tobacco pf new, . M Am Tobacco B 113 Am Woolen 73 H Am Woolen pf....... t3 Am Zinc Lead & Smlt VA Anaconda Copper .... 80 H Asse Dry Goods 1st pf 8S'4 Asse OH 1C3 Atch Tep & Santa Fe 84 Atlantic Fruit 12J4 Atl Gulf ft W I S 8.. 110 Austin N'lchelaa 13H Baldwin Locomotive . 07J4 Baltimore ft Ohie.... 37 Ji Baltimore ft Ohie pf.,. 48H Barrett Ce ctfs of debllSH Bethlehem Meters .. 2H Bethlehem Sccl 54 Bethlehem Steel B.... 54H Brklyn Rapid Transit 1114 Bklyn It T ctfs of dp 7 Bruns Term 5 Burns Bres 89 Butte Copper ft Zlne. 5 ft Butte & Superior Cep 11 California Packing .. 0215 California Petroleum. 21J4. Canadian Pacific .... 115ft Central Leather 40 H Central Leather of... 80ft Cerre de Pasco Cep.. 31 Chandler Meters .... 78 Chesapeake & Ohie... 04 J& ChtcaRe ft Great West 8VJ Chicago ft at West of HH Chicago Mil ft St P.. 314 Chicago Mil ft St P of 50j$ Chicago Northwestern 75J4 Chi R I ft Pae 30ft Chi n I ft Pae 7 pf 70ft Chile Copper Oft Chlne Copper 18ft Cluett Peabody 52J4 Cluett Peabody pf. .. 88 Coca-Cela 22 H Cel ft Southern 28 Columb Gas ft Elee.. 50 K Cel Graphophene .... 14 Consolidated Cigar pf 75 Consolidated Gas .... 70 Consolidated Textiles. 20 Continental Can 02 'A Continental Candy . . . 5f Cen Interstate) Cal M Vi Cern Products Ref. . . 72JJ Cesdcn & Ce 30i4 Crucible Steel 01 Crucible Steel pf 87ft Cuban Amer Sugar. . . 31 Cuban Cane Sugar... 24ft Cuban Cane Sugar of C8 Denver & Rie Grande l' Denver & Rie Or pf.. y Dome Mines 11 'A Kndlcott-Jehnson .... 58 Erie 14 W Erie 1st pf 21 'A Fnmeus Players L. .. Sl Flsk Rubber 13ft Freeport Texas 16 H Gasten Wms & Wig. . 4 - General Cigar 57 General Cigar def pf. 83 General Electrle 128 General Electric rts. . 3ft General Meters 16 Gen Meters deb 6.. 66 Gen Meters deb 7.. 74 Goedrich B F 43 Green Cananea Cep. . ft Great Northern nf. ... 80 Great North Ore ctfs. 30 Gulf State Steel 35'A Haskell & Barker Car 50 Hendee ctfs 17ft Hemestake Mining .. 53 Housten OH Ce M'A Hupp Moter Car 10 ft Hydraulle Steel C9... 22 Illinois C ntral . . 88ft Iudlnn Refining Ce... 16i Inspiration Cen Cep.. 33H Interb con Cerp Interb Cen Cerp pf... lift lnt Agrlcul Cerp pf . . 57ft Internat Harv new pf 15 lnt Mcr Marine 15ft lnt Mcr Marine pf . , . 84 ft Lew 14 60 33 l'4 lft 80 'A 8H 75 25ft 80 123K 20 W ' 7ft 8 47 41 56 85 70 Oft Oft 44ft 31ft S3 ft 73ft 08ft 116 90 113 71H 3 7V4 30 ft 55 'A 102 F3 12 'A 107 13ft 97 37 'A 48 117 2M 84 S3M 10 ft 7 5 88 'A 10ft 63 14 1154 38' 89 ft 30 ft 77 04 8ft 21ft 30 H 60 'A 74 ft 29 ft 76 'A H 18ft 52 ft 88 22S 28 66J 13ft 75 78 ft 20 C2 5ft 7 71H 29ft 89 87 ft 31 24 C8 1 1 11 'A 57ft 14 21 t3ft 13ft 16 H 4 50ft 82 127ft 3H 15ft 66 H 74 42 20 ft 79 'A 20 ft 35 59 174 63 83ft 10ft 22 88ft 15 3294 4ft lift 57H 04 ft 14 ft 534 14 48ft 25 'A 34 5 'A 20 A 43ft 00 'A 42 45 18K 8H 52 49 18ft 4 8 0 7 13 80 "t 0 4 8 7 10 8 12 0 13 7 7 4 0 0 0 ie 8. BO ' 8 "i 0 10 1.B0 8 7 5 1 7 7 8 7 1 2 4 t.SO 8 7 7 87ft 31 24ft ft 68 ft 1 lft .. 'A ft 57ft - ft 14 - ft 21 - ?4 1ft 13ft H 16H .. 4 56 ft 82 127H- ft an- 16 6534 74 43 - 20J5 .. 80 30 - 35 A ft 69 17ft ft 631 83ft- ft 10ft H 221 8ft f ft 15-1 33H 4H 11ft 4- 16ft ft 54ft- ft 14ft .. 40iA 26f4 yA 34 ft 6ft .. 20H- ft 45ft ft 00 'A 4- I. International Nickel . 14ft International Paper Invincible Oil Cerp. Iren Products 40f- 254 34 iBland OH 5ft Kan City Southern... 20ft Kansas City Seuth pf 45ft Kan C Ft S & M pf 00 yA Kelly-Sprlngfleld Tire 42ft Kelscy Wheel 45 Kennecett Copper ... 1&X Keystone T ft R 8ft Lackawanna Steel ... 52ft Lehigh Valley 49 Lee Rubber Tire 18ft 46 2 1.20 6 8.50 X 18 ft 8ft 14 82 - ft 49- 18ft- ft May started at 404c te 49V6c, against 40Jsc at the close yesterday. July opened c higher, nt 40c. NEW YORK COFFEE MARKET New Yerli, Dec. 2. The early official tables weie steadier this morning nnd seemed te promote a better feeling In the coffee futures trade. The local mnrket for some time pnst has been up and dewji, following the d,nlly Urnzlltan Commodity Markets COTTON MARKET New Yerlc. Dec. 2. Although the cnbli's frpm Liverpool eased from the het underselling by Manchester, they were still better than had been due nt the hour of opening of the local cotton mnrket. nnd had an influence In nd wing prices here 22 te 35 points at stnrt. i.ivrri.e u """nl.'""'J"V.vi, there was further covering by U all J uuvii-es nnu various rumors regarding tlie Jlrazilian lean hnve been a source of considerable uncertainty te the trade. The prospects of the lean going through were thought by some te be mere encouraging and there was a dis position en the part of shorts te cover this morning, first prices showing ad vances of 3 te 5 points. Around midday, the market waa quiet but firmer, March having sold up te 7.33 nnd May te 7.70, or 11 te 13 points net higher. There seemed te be a disposi tion te take no aggressive stand either way until the Brazilian lean preposition hed been settled. street and local snorts, .me uc.u.... was supplied by traders, who hnve been bullish In the lust day or two und who haP,5?.0iPar?ter"the start, sagged about 15 points from the top nnd the list was about 18 point net higher. "u1.. ' i...., n .I... iinrtu for the daVTe estimated "Yt b 000 bales, Kainst 23.W1 bales a week age; 00,- 010 bales n year age, and 19...TH bales two years age. close December H5 January S '.'?, March 1l"'r 12:30 p m ie.a-i IB. SB in 01 1(1 ns it). is Open IS. 40 1H.45 1H.B0 1S.4B 10.33 March May ,.,, Juiy IU GRAIN MARKET Chicago, Dec. 2. There was a , ,w te buv wheat n the early "ad ng teday'1 0." the market scored ii. intns On the upturn, resting or er or ders8?e sell were reached and the rise was checked. Sentiment was mere null Uh en the recent purchasing for expert and growing evidence that the United mates T getting close te the end of STTtien was given te financial conditions, although sonie nutherit ee navlsed caution nbe.it following the rise with tee much enthusiasm. December opened at ?l. te i.fu, n Inst $1.0214 at the end yesterday, "ml " U sold at $1 0V4. March start ed at $1.57 te $1.50, compared with t1 .r0 nt the close yesterday, nnd later "cernn mienet firmer, with genera, b.ivinc bv commission houses n feature. Offerings were limited until the advance ran Inte selling orders. December opened nt 00c te 00'AC, tRBlnnt 0Rc at the end yesten ay. Muv started at 744c te 75c against -.We nt the end yesterday. .Tulywps quoted at 7fi te 70VjC, against 75c nt the end yesterday. Commission houses all had buying irders for eats at the outset and prices were firmer. ami December opened c higher, at 40c Reserve Banks' Discount Rates Official rediscount rates at the twelve Fed' eral Reserve banks are aa follews: ctfs Bosten ftft New Tork .... ft'S I'hlladelphla. ...ts L'leveiana te Richmond 10 Atlanta te Chlcare " Bt. Leuis 'OH Minneapolis ... Bv Kansas City ...tg Dallas I" San Francisce. .16 5V4 per cent en cent eertlflcates. and 0 per cent en paper secured by 4t Per cent and B per cent csr tltlcMes. . . , , tuisoeum riiie tiiiirMM.i..' wi.ii m.i". rate borne by certificates pleed as collat eral, with minimum of 5 per cent In the cas; of Philadelphia, Atlanta. Kansas City and Dallas inA Bt per cent In the cae of Cleveland. Illchmend. Chicago nnd Ban Fran-cIsce. Raw 8urjar 8teady at 4.7Be New VerU, Dee. 2. The raw sugar market continues nulet and about steady at 4.76c. cost and freight for Cubas. equal te 6,77c, duty paid. The demand , Is limited. There were no sales repertea vejiterday. Importations consisted e 36.000 bags Brazils consigned te tne National Bugar neflnlnr Ce. The Meln. ereth Brokerage Ce. estimates the United States beet sugar crop, as of November 29 at 20,02,000 bags, or 919,732 long tens. The local refined market U unchanged. - PSlLADLJPHlA, THURSDAY, BEQEMBElt 2, 1920- Dlv, lnt Slf 100 4100 300 200 100 100 200 40000 Hlfh Lew 100 ft 17 10 se 184 ft 59 15 100 10 ft 125 32 ft 12'A 75ft 3ft H 20 41W 20 39 ft 104 109 2SM 4ft 48 ft 72ft 192 H 0 02 73ft MM 18 20 ft 99ft 82 Mft 11 V 3ft 26ft IB 4854 19ft 48 78ft 73 ft 18ft 40ft 10 3854 10ft 38 31 73 24 7654 11H 81ft eift 31ft 1354 84 104 ft 62 ft 34ft BS 22 ft lift 87 63 S5ft 73 60 ft 26 6654 60H J3ft 28ft 1 5 17 3ft 7ft 12 ft 104ft 17ft 6ft 44 ft 24 ft 100ft 2354 8854 104 41 4454 10 14 8ft 48 ft 19 25 15 3ft 82 8ft 41 75 2154 117 ft 62 ft 33 10054 10 ft 50 ft 4154 304 70 38 7ft 10154 41ft 80 ft 100ft 50 ft 41ft 37H 90 9ft 834 2354 11 20 32 42 1054 30ft 17 38ft 7J4 40 7 Liggett ft Myers pf,.100ft 2 Leewe. Ce 17M .. Left Cerp 10 . . Loese-Wiles Biscuit.. 30 12 Lerlllard Tobacco . , 134ft 7 Manhattan Elev guar 81 2 Marlln-Parry 15 12 Mexican Petroleum ..107ft 900 Aamj. - ...,,, VJJJJUr ,,,,,,, ID s Miami copper .,.,,., 1X "" " Middle Stntes Cerp... 12ft 1500 300 200 400 200 16600 1010 600 oiiavaie steel ft OrA., 32ft . . Minn A St Leuis nsw. 12M 7 Minn St P ft St S M.. 78ft .. Me Kansas ft Texas,. Sft . . Me Kansas ft Texas pf .. Missouri Paclfle ..... 20ft .. Missouri Paclfle pf.. 4l4 MontRemery Ward... 20ft 200 8.60 National Acme 26ft 100 7 wauenai Biscuit 104 7 National Biscuit pf..l09 .. National Cleak ft Suit 27ft '.. National Cen ft Cable 4ft 6 Nat Enam ft Stamp.. 48ft a National Lead 75 7 National Lead pf....l0H -. Nat R R of Mex 2d pf 6ft 1 Nevada Cen Copper., Oft 6 N O Texas ft Mex... 63 B New Yerk Central.... 74ft . . New Tork C ft St L. . 53 1 New Tork Ont ft W.. 18 .. New Yerk N II ft H. 31 7 Norfolk A Western... 101 6 North American .... 62 7 Northern Pnclfln BSl 100 100 100 100 BOO 200 1000 SOO 200 2000 1000 100 7000 600 100 3330 100 2.60 Ohie Bedy ft Blewer., lift 2000 40 Okln. Prnil nf att 700 500 100 100 200 30000 3200 100 2400 500 700 000 200 800 100 600 200 200 15000 2409 3700 300 100 600 700 1000 100 100 420 10030 100 300 030 4500 100 100 4310 400 393 200 100 100 100 100 200 403 700 lftO 409 24300 82700 1100 300 000 400 3400 000 200 1700 11700 1300 800 100 400 100 2600 100 100 1700 1000 300 100 400 100 1500 100 2200 100O 200 0800 100 100 31300 700 2300 20)0 500 100 200 100 100 100 100 100 1030 000 500 2290 1290 1000 .. Qrpheum Circuit 27ft .. Otla Steel 18 8 Owens Bettllnir Much 48J 4 Paclfle Devel Cerp... 19ft B Paclfle Gas ft Elee... 8ft 6 Pan-Amer Petrel .... 82ft Pan-Amer B 76 , 4 Parish ft Bingham... 18ft 8 Penna Railroad 40ft .. Penn Seaboard Steel. 10ft .. Peeples Gas" Chicago. 36 .. Pere Marquette lift 8 Philadelphia Ce 35 .. Phillips Pet 31ft 7 Phllllps-Jenes Ce pf. . 73 .. Plerce-Arrew Moter . 24ft 8 Plerce-Arrew Met pf. 77 .. Plerce Oil ...-. 12 8 Plerce Oil pf Blft 6 Pitts Ceal 62ft .. Pittsburgh ft W Va.. 33J4 1 Pend Creek Ceal 14 8 Pressed Steel Car.... 84 8 Pullman 104ft 8 Punta AlegTe Sugar.. 63 4 Pur Oil Ce 34ft 8 Railway Steel Spring. 88 .85 Rand Mln Am Shares. 22ft 1 Ray Cen Copper lift 4 Rcadlnjr 88ft 3 Reading 2d pf 58 . . Remington Typewriter 38ft .. Reple Steel 74 e Republic! Iren & Steel 67)4 .. Republic Motertruck . 26 7 R Rets A Ce 1st pt. . . 66J4 20 Royal Dutch N Y.... 70ft .. St Leuis San Fran... 34 .. St Leuis Southwest.. 29 . . St Leuis Southwest pf 42ft 1 Santa Cecelia Sugar. . 5 . . Savage Arms 17 .. Saxen Moter 3ft .. Seaboard Air Line... 7ft .. Seaboard Air Line pf. 12ft' 8 Sears-Roebuck 104ft .. Seneca Cep Cerp 1794 .. Shattuek-Arlzena Cep 6ft 74 Shell Transport 44 ft . Sinclair OH 20ft 0 Southern Paclfle ....109 .. Southern Rati 14 ft fi Southern Rati pf 59 ft 7 Stand Oil of N J pf.. 104ft 4 Stromberg Carb 42ft 7 Studebaker 40ft .. Submarlne Beat Cerp 10ft 2 Superior Oil Cerp.... 14 .. Tenn Cep ft Chem.... 8ft 8 Texas Ce 60 .. Texas & Pacific 20 54 1 Texas & Pae C ft O. . 25ft . . Third Avenue 15 6 Tobacco Products ... 64 7 Tobacco Products pf. 82 . . Transcontinental Oil 9 B Transue & Wms Steel 41 8 Union Bag & Paper.. 75, .. Union OH 23ft 10 Union Paclfle 118ft 4 Union Paclfle of 63ft 4 United Alley Steel.... 33 12 United Fruit 202 .. United Rwy Invest... 10ft 8 United Retail Stores. . 67ft 5 U S C I P & Fdy pf. 4154 0 U S Feed Products... 3154 8 U S Ind Alcohol 70ft ..US Realty ft Imp... 38ft 8 U S Rubber no 8 U S Rubber 1st pf.... 10154 0 U B Smelt & Ref 41A BUS Steel 82ft 7 U S Steel pf 107 0 Utah Copper 51ft 6 Vanadium Cerp 44ft 4 Va-Carellna Chem .. 38 ft 0 Va Iren Ceal & Ceke 90 1 Vlvaudeu Ine Oft .. Wabash 8J4 .. Wabash pf A ?354 .. Western Maryland ... 11 . . West Maryland 2d pf 20 .'. Western Paclfle 32 4 Westingheusu D & M. 42ft .. Wheeling & L 13 10ft 4 White MOter 30ft .. White OH Cerp 17ft fi Wilsen ft Ce 39ft ft ft a ft ft ft V, 1 Wlllys-Overlana 8 3)0 6 Worthlngten Pump ., 40 ft xu-dlvldcnd. Philadelphia Stocks Illsh 10 Alii Insur 10 100 Am Ship & Cem. 0 210 Am Oas.. 30 lOOfAin Smelt 44,i lOtnnld Loce pref.... 08 30 Iluir & S pref.. 45 lOOtCelGr'ph 13 lOOElecSter.103 250 Gen Asph 41t 100 I Ce N A 20V4 52 Lch Nav. 73 21 Lch Vel.. 40Mi 350tMldvnle S2V I.OW 10 0 30 08 45 13 102 43 20 72 40 32 40 00 141 i' a it H.. 15 Pa Salt.. 12 I'liila Ins Wire... lOPhlla Ce cum nf. 40 ue Test, rinse I.i0ffi-i 7 .in f 110 Open 7.25C28 7.B0JJSS 7.11508,00 5114 51 61 7.U1UVI 301 100 Thlla Eiec 2: fir. An lirnf 7I 200PhllnKT 10( 10 PhilaTrnc 51 lOOtPkrce-A 24 lOOfltemrgten Type .. 35 50tTI(lcwater Oil ....200 ireas. ud, cem'l nkrs. Ilends. Taper. Accept. I) (1 sit 0 e SB e e n 0H s P 300 Teue Mln 400 Un Trac. 3455 V Q I . . . 20$ 20$ 30 (5 30 CO de pref.. 50 17 United Ces N J. ...170 40 170 81 31 v.vv wcurru pj un vr 200tUS Steel 811 200tllnil'ruit 31 10 Wnr I&8 8 32 Wcet Jer & S.,.. 37 8 37 tNet chanire made by comparison ale en New Yerk Stock Kxcnance, Bales In IIONDS IIOOO HlKh Lew 5 Hell Tel 7s.l02 102 3 Klec & 1'ee Tr -Is.... 1 I,eh Vel Cs. 5 Mb Ilends 3d -His... 11 4th 4Ms... 27j Vic 4s.. 53 08 53 08 88.00 88.00 85.80 85.78 05.00 05.00 1 1'ee 1'asstc 4s 68 58 lOPhlla KIcc 1st 0 83V4 83V4 1 Rtad'f U 82 82 h 80 li ""It A "TlZ 51 21 85 200 SOUTHERN PACIFIC 1:30 Net Last Chi. 100ft .. 17 -IK 10 80 .. 134ft K 51 4 18 - ft 167ft ft 1634 W 1354 ft 32ft- ft 1354 y 78ft Ji 3ft .. 6)4 20ft ft 41H ft 20ft ft 20ft .. 104 109 1 28ft 4ft 'A 48 ft ft 74 3H 102H- H ft IX 62 - W 74ft ft 83 - ft 18 20ft- ft 9ft- 1ft 83 8454- K llft 34 3ft .. 7ft 1 16 ft 4854 - ft 19ft ft 48-1 82 8ft 76ft 3ft 18ft ft 40ft- ft 10)4 34 30 ft 10ft- ft 38-34 31H 73 24ft X 771 12 ft 81ft lft 62ft lft 31ft- 1 1334 ft 81 lft 104 ft ft 63ft i 34ft 34 85 23ftT W ltft 14 87ft- ft 63 35ft ft 73 6754 34 26 66)4 54 70 54 23ft- ft 28ft- lft 2ft ft ft 17 3ft ft 7ft .. 12ft ft 104ft- ft "X ft 6ft .. 44ft .. 26ft lft 107ft- 2ft 24 - ft 88 ft ft 104 42ft 1 48ft- H 10ft ft 1 ft 8ft ft 4934 34 20ft 54 28ft 54 15 - lft 541 823 8ft ft 41 - ft 75-2 22 ft 8ft .. 02ft- ft 33 203 2 10ft- yA 87 'A ft 4154- 3 31 - ft 70 38 67ft .. 10154- ft 4t'A ft 82ft 107 ft 51 - ft 43ft lft 38ft ft 00 0ft .. 854 H 2354 . . 11 ft 20 1 32 1 42 -ft 104 ft 30ft- ft 17ft ft 30ft ft 754- ft ft lft Rights Range Frem 23 te 21. Trade in Other Creups Quiet New Yerk, Dec. 2. Southern Pacific Issues commanded most attention en the Bread street curb in teday'8 trading, tlic rights being dealt In en an extreme ly large scale, the price ranging from 23 te 21, nnd the new Pacific Oil stock Issue, which sold early In the day at 12, moved up te above 38. Business In ether quarters of the market was irrncrnlly nulet, the oil stocks showing n flrm te strong tone, i General Asphalt, after a decline in the early trading, moved up In sympathy with the strength In the petroleum I freup en 'the exchange. International 'ctreleum was also strong, making a fractional advance. A fine tone wns shown in Bkelly Oil. Industrials were quiet, Lehigh Ceal and Nnvlgntlen selling at 74. Paper stocks and the candy stocks were virtu nly unchanged In their market position. A sale of flnll Slgnnl was tnnde at 3. Carlb Syndicate ranged from 11 te 10. 1NDUSTRLVLB 1:30 Hlih Lew. p. m. Acme Ceal Htlt Amer Tobacco res lift iffl ilg Kmpire tum in n Oeneral Asphalt "H j4 Hercules Paper 20 20 (Isrlaml H A B 5 Hall Slcnal 3 8 North Amer Paper 4H Jf 1'erfectlen Tire ij in Iladle Cem ?i Of tladle Cem pref 2 2t Hey de France aft KM Teb Tred Exp 8 Jn u m uteam ;rt ;,, United l'reflt Hharlnc ... 1H IJj United Bat Candy HV 8H Ixhlsh C A N 74 74 Heu Pa rights ., 23H 21 INDEPENDENT OILS Allied Oil ' 18,, 12,. Atlantld Pet ?H ?J Uoene Oil 1 1V Iloaten Wyemlns; , ti Carlb Bynd 11 10 Cushlnc Pet .J . r Denny Oil 1H JW Elk Ilasln Pet 8(4 8V Bnxlneers Petrel ........ iff lr Federal Oil 2H ? Olenreck Oil 2tf 2 Hudsen Oil A ,t lnt Petrel new 1W 10 Maracalbe Oil lu 16 Merrltt OH 12,, 12, Ohie rt anger H M Omar Oil 2S 2VI Pcnnek Oil SVi 6 Producer b Reflnera CVi eY Red Heck Oil M Rlmms Pet 7 7 Skclly Oil ,.. 7 7,M Un Texas Oil .i .? Woodburn lH VA New Mex Oil Hi 1M Pac Oil w 1 88M 82 MINIMI Alaska Dr Columbia A f Atlanta 1 1. Ills Led ,A ,t Uoeth 4 4 Ilosten & Mentana ..42 41 Caledonia Mlrtns 1U 18 Candelarla Mlntnc 10 10,, Cens Virginia 2H 2U Certes Silver 04 02 Cressen Oeld H 1M Dundee Arlx 1 lii Eureka Helly 1W li' Oeld Cena 0 Oeld Devel .2 2 Geldfleld Florence 18 1A Oeld Kewanas 2 . 2 Oeld Sliver Pick 0 0 Oeld Zene 24 28 On-at Dend 1 1 i:mma Silver 8 3 Hecla Mlnlnar 4H if Iren Blessem H n Jumbo Extension e O Knox Divide 11 10 Louisiana Ce J rt MacNamara ' r MacNamara Crcs . . j V '- Marsh MlnliiL- 0 0 Mether Lede 08 B8 Mether Lede new BH S Nlplaslns- HS m; North Star I 0 Ophlr Stiver A i Prince Cen rt -V Ray Verde Copper 1 1 Rex Cens B B Rochester Mines S 8 Ban Tey 0. 6 Stand Silver Lead A i Success Mining 2 2 Tonopah Ilelment 1A If Tonopah Cash Hey 7. 7 Tonopah Divide Hi 1 Tonepah-JIm Hutler 17 17 Tonopah Midway 0 0 Tonopah Mitring lrf li1 Tonopah Mlzpuh 8 S Tonopah Mentana R 8 Tonopah Rescue Eula .... 10 IS United Eastern 24i 'ii Victory B B Veat End Cen lft 1 White Cap 7 7. Wllbert 1M I1: BONDS 18 Allied Tackers (Is fiWt Amer Tel 0s. 1822 IIBH Anncenda 7a 01H Angle-Amer 7Ha Can Northern 7 100'i Cens Textlle 7 t4W Diamond Match T.'jn 100 Oalena 7a 03Vi Heinz Ce (Is 04 87 01 l4i 100 Vi 04H 100 113 OBH en 90 loe 04 1 DH'k en, oe h 80 B7 nrH 01 00 100H 04H loe m Oft O0K 100 08H 04 U 01 II9S 00'i 80 .New Haven 70 Sinclair TVs a ran Solvay 8s lOOVi Southwest Hell 7s tl.lti Swift Ce 7s BIH Vn-Car Chera 7V4 s Denmark 8s DOS Norway 8 011 Swedish BVis 60 FOREIGN EXCHANGE New Yerk, Dec. 2. The feature of the foreign exchange market nt the opening this mernlnfr, as In the late denllngs yes terday, was extreme dullness. The course of rates was Irregular. .Sterling, com pared with yesterday's finals, showed a (rain of He. French exchange and Scandinavians were steady and un changed, whlle Belgians gained 4 points and marks lest 1 point. Quotations were: Demand sterling 3.48H. cables 8.49Vi ! franc cnbleH G.07. checks C.05 ; lire cables 3.07, checks 3 07 J Swiss cables 16.67, checks 16,70; guilder cables 30, checks S0 ! pesetas cables 13.10, checks 13.08; Stockholm cables 19.40, checks 19.30; Chrlstlanla nnd Copenhagen cables 13.75, checks 13.G5; Delglan cables 6.45, checks 6.44 i marks 1.45. TESTEHDAY'8 FINAL QUOTATIONS , Bterllnir. Francs Mre Guilders Demand 3.4SW 0.07 8.07 30 r.0 Cables .... S.40'.i 0.01) 8.U0 80.01) TODAY'S OPUNINO 'QUOTATION'S Bterllnir Francs Lire Oulldern Demand 3.4NH 0 OS 8.07V4 80 (10 Cablea .... 8 4014 0.07 8.07 30 00 BANK CLEARINGS Hank clearings today compared with cor responding; day last two years: 10X0 11)10 1018 Phlln. ..104.770. 001 iRS.S70.OS3 171.0X1 ri",r 1:1S Net p. m. cbve. 10 -2 30 .. 44VS.. 08 Y 45 13 102 44', 1 21)- V 72- 40 1 402r 00 N. Y... .872.011 022 SI7.B27,8in 640.470 IS2 Ilosten .. 69,040,767 07.767,480 02,800,02b MONEY-LENDING RATES Ninv YORK Meney en call, both classes of collateral opened today at 7 per cent for lendlnir and renewing. I'lIII.ADKU'HIA Call, 6 per cent; time, 8 per cent ; commercial paper, three te six months, 0 per cent. (Nete These nre merely nominal quotations, as the legal rata of Interest In the stats e' Pennsylvania Is fixed at 6 per cent. Plus premiums and com mission, time money for thirty te ninety days Is leaned at 8 te 8Vi per cent, while commercial paper, from three te six months, Is being offered at 8 te 8 per cent. 25fc t 85 .. 200 20$ 30 40.. 170 81 31 Today's Range Liberty 3s .... Liberty 2.1 4Ms . Liberty 3d 44s . Liberty 4th 4V4s . Victory Nete 3ais Victory Nete 4s In Liberty Bends 8 11:15 8 High 00.70 85.31) 88.18 85.00 05.00 05,70 00.70 85.20 88.00 85.05 05.54 05.58 00.70 85.28 88.01 85.72 05,00 05.00 37 with last 1:16 p m, 102 53 08 Net chse. Cuba's 8unar Stock Belew Estimate1 Jla,Tna, Tuba, Dee. 8. Hug-ar atechB In Cuba at present total 270,000 tens, according te etllclal (Inures of the Cuban government. Thla Is 30,000 tens km than former ropertH have Indicated. Of thla amount, 16,000 tens, It Is estimated, will be required for home consumption up te January 1, and approximately 200,000 tens of the remtialnc 25n,000 Is in the hands of the Cuban Sales commit. tea of the Association of Planters and Producers, W 88.00 70 85.80 .08 05.014-. 12 58 .. 83V4 82 ln ISSUES LED CURB .jSSSSsiS Victory Bends bought at present market prices .will yield about I 634 per cent if held te maturity, May 20, 1923. ' Bought, Sold and Quoted Telephone Spruce 1480 Commercial Trust Company Member Federal Reserve System City Hall Square, West New Issue Free of Pennsylvania State Tax Exempt Frem Federal Income Tax $455,000 City of Scranton, Pa. Municipal Improvement and Judgment Funding ' Bends J, Dated Aug. 1, 1920 ' Denomination $ 1 000 Maturing serially 1921 te 1950, Inc. Price te Return About 4.70. The Third Largest City in the State of Pennsylvania. M. M. FREEMHN & CO. 421 Chestnut St; Pheno tambard 710 Safety of Principal Our First Consideration $100,000 Oregon & California R. R. Ce. First Mortgage 5 Bends, due July 1, 1927 Guaranteed principal and interest by the Southern Pacific Company At 88 and int. Approximately a 7.25 basis These bends nre stated te be secured by first closed mortgage en about 680 miles of the Southern Pacific System In the State of Oregon; also en valuable land grants. Full information upon Request. HARRISON & CO; BANKERS 106 SOUTH FOURTH STREET PHILADELPHIA Membera New Yerk and Philadelphia Stock Exchange WE OFFER FOR SALE U. S. Treasury 534 Certificates Due May 16, 1921 Price Par and Accrued Interest Graham, Parsons & Ca 435 Chestnut Star Philadelphia ' 1812 THE Pennsylvania Company for Insurances en Lives and Granting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus - - $7,000,000 Member Federal Reserve System imOAI) BTIIKKT OFFICE, Chestnut and Junlpsr 8tret Southern Pacific Rights WIIKN lHSUKO nOUOUT HOMJUOTEn Morten lachenbruch & Ce. land titi,b nue.. rim.A. Tt 8iruc- 881 Mce B0B0 .Uimbers JVitlarffloMe, Chicago, Dttreit ah4 ritstmrph fltoefc Bxchangtt Nsw Tork Chlce Dstrelt rittsjurith Ornet itirsTeennfcira vv r"v ", We Itccemmend for Investment Pcnna. Water & Power Ce., 5s Shawlnlgan Water & Pr. 5'j josepivW.Gress a Ce. 1421 Chutnut St. . Correspondents ldfed e Cefnpany I0STON -fl M FRAZIER A CO. Bread A Sansom Sts: rhtna Walnut S370 1920 517 Chestnut Street Philadelphia East St LecU & Suburban Ce. Convertible 7s, 1921 Chattanooga Railway & light Ce. 1st Refundin Si, IBM I1ANKKKS , 321 Chestnut St., PhlUJsJpW Utmttre Wu Yerk ant PhUailtm BIOCM BZtnunw LEE, HIGGINSON & CO. . . -..-. mt NEW VOBK CIIIM" 1 f :l Wj)i.i -.ifr. f ..A u. J ,j-U-S ' Vi .'iV Hi , ,,) r ,. SWi kr'"Jj
Significant historical Pennsylvania newspapers