M th 1 ft i BM pi se if CLOSING MARKET I DULL AND NARROW EVENING PUBLIC TjEDGEMHILALPHlAr" SATURDAY, mBffi&m '" 1020' ' " 1 't yk'v j'. K? f h$ 4. r k 1 & tr-ir. 'y rj M 3 t Experts Find Immediate Future of the Market Difficult I te Read New Ynrli. Pre ! I.ittli nr iu is Dlflrnnrp w.is tu he nttnelieil tn th" rntlier nnrrm innvmipnt in tednv"-. closing marltPt Mnt of the din's nn fratleni were iniiile up of the fnmlHar week-end oieiiinr (in (if tin nri)fciimiil trntJers. Apart from .1 few nf tln FiJshly ppriilnti' e itulutii.il spec Inities price vnrlntinns did tu t tiuiuiiut m much. Seme lic'nlei niir-iins "f I )' short breuclit -duriteil reluiuiiils in 'Ui !i toe1;H ns Crueilile Steel ! '.-mi I' treleuin mid ethers nf n like i linr.ii'tcr Nenrly nil the tiunll nethe IpeiIimi. ' liewcver, mmle sutitimti:il nili-nnt-in 'lurlnR the first hour, but aftPr t lint it wnn n ense of tin nni" finikin-' nnd filling. Tliprp win a "tnkins dearth of news ntid tlicre nninralh jire nil-l a Keneral -llsitu'linntien te extend old or make new mtiiiiiitiiii tils ever tlie week- i end. A sharp bipak of eir '! point in American At-rieulturtil featuml the Inte denliiie it'll this was eff-tt Ii ' further ceventiR in the "ppcinltien There Im i .ilmn Iv-eii 'i tine in the history of Wall street when the imtne Hate future of the market m i difficult te iliasnnve at at pie-eni tune j This Is inainl het nnse eM-e.tal!llieil precedent" ami ruhs hne teen found, obsolete. Se main of the eiiieful nl rillntlniiH were remplete'i upi'l In the constant repetition of the "iincxp-i ted" in the market the hi-t twlc ne-nitis that very few me willing t" ri! a Jirellctlen as te what the nuirKet i likely te de in ihe tiexf few month" or M. The ppi u'l.ir maiket Mtuiitien in some reippets i-. without a parallel Yit, ' en the ether hand, a muuii'ir of the eon- I riitlnn ronfrentmc the trader" hip ipi le familiar and luue henn eiieoiititet-oil m Vraetlrnl'v cmm cnnl chiwnwai'd lnz All of this, of course, tend- te r onto mere or i mental (sun'ii-i ui and cloud the situation While prennmned irri'Uul.iriti in.irke 1 the xveek'" movement, there w.is eeij, reason for hellevin; the lliiwl of lupli datlen which had -.unni-.ed the mar kethj in the preceding week" hail lici-u tueees,fnlly damuied There n.i- nlu i cenvinein? te'tuiuui te indicate "f t'i, Kiieeessful elimination of tin v eaker speculative suj.erstrm ture of tiie mar ket. It is ipi'ite evnlent nine el' mole inenaeinc dnncei -net" were m1 nut Ft Is also evident, n' U"Ually MIe'V In the wake of all vie'eiit duni'" there ere still u urent nunj lime diul." te he eared for Seme of thee were imi sufficiently "trnnu in undergo -ri-,p drastic mnjer operation, hut were nur."!"! nlnns and wt'l h- pit en the table ju"t id seen a" thin are nh e te withstand the work of market nr peen. The week'" operations MicieMed in nil events the wmt .if the uenernl Inpn dntinn had Imm-ii pen th indn atinti atinti ef the bear crowd haxiii; let the' prlp. At the "lime time l.kei"e there xverc substantial ren-eii I" t elievinn that the extent of the shot int:et m the market had heeti Kieath exaRijer ateil. OtherwNe the relnnind from the extreme low level of the ln-i tertnitth' xveuld have been of u ueieh mere pie pounced hnriictec I'nlil ii i pnsi ble te mnke meie aenir'it- nn isere menu, one mic i as Lmud a another xvlien it come, te piedietinn. 'I here are still some breakeis ahead and the necessary adjustment" incidcntul te i such radical chai'Kes ' ownership a-, recently witne"-eil 1, i ertain ti in duce ('entiiiiied irregularis fei eiiii time te i eme l.itt'e would he 'Iiik"i in itivinc nn ext 'uie review "f ih iiusitips" or ijptier.il tiiiatn nil situation Most all are thoreuhlx finnliii .1 1 These iMOHeiiiic and fuml'iiiK lit il ipie. tlen". Ker the tune belns lit leat llie marBet will he kemtiiciI Kiudltinii" merely within ttelt linhet than b mil ide happenilrj" QUIET TRADING LOCAL SlI-lliEX Inten'til Centered in I . C. L Directors' Dividend ictinn f.y U cvh el V I'll1 I '1' .11. 1. : It'll.' r.intini - i was ahem tl the le.-.-il :u iJll. ctll'i'ilu; t. e w K' l-.e fiRlire showed ereelletlf iibsi ' dealing" et'i. 'v ic i-i .'' perfuncter . h.it, it r 'i ' 'II. en the half I." i '.u v exception" irii e v.inat.en jiertant. tictiiral A-phalt p small (lealiiiis dm lined 'J . Bhewhcn ''luiiues Miinll fraction. Xeeps.nr udjnstiin n' ' '" account" impaired t t . liniiidatluu ine. ii" tit swept nil the nuiri.et account for niir.v ' iniicements m tl . Such aujijstineLt nre a ceunie'ii .n l(Ut nieven.ei.t th depr. eiuti"' number of the I i I M s .1 In mil. . I ' 1 ..ilil- In Ml . . :.. I i . ' '" i illative . .! Vl.il.'llt h pr.u tiul u'd appiireiitlj n eipp.initin; I'" nl i.inrk't. Inca' market III it'i '. Vi "V V '" II tl,e : Ii ..ird. Tll.lt ..I inarkel u'u's of a .1 -lia"e- did IP t 1( .1 'Il IEW YORK STOCK EXCHANGE TRANSACTIONS inn n9 no :ion i pi nin nia IM I. Ml 3 71) ; in in M) 10.) 1711 11)1 1111 10) 1 ten :n in invi 1)1 tl) 7D 4 1 111) Ml) 470) "!11 ti: a id '.'no loe 7P) .)') IM 7 I'D 0'J f'MO M'l via (I.I) r.t ii ! !).) V I 'I no !0) DM '.'1)1 e:t aie i;)e j) i t'i) ten t ..)) f:i) ii i ii j.i vsu tueu )- iiiii 711 Ml anil) ::s'i phi 7 el IMI '.Mil') 10) Ml 4 n IM .,!) J 4 11) lirt.n id (in a.) i;i IM I at IX) Ml .. I) I 1)1 "J I n'l I 1 1 '.".ii .'DM M V.tii'i I ! )0 as.ie IM I .11) ta) .) 4 ) 101 :! i ti. I.!) 7 .1 M'l 7 i) 0.1 I til II Ien C, i) ."'ill !) Ill !IU I) "I 3'"! 1 ! -.; a i. i.ii line me s'i I tne .-.no Di In S HiRh Advance Tiumely . .. IAU Alnska luneau DM. I' Alnkt 7elil M,nr"t. I'i Allied t',etn A Dvc. . tVi Allied Phern & Llye pt SO Allls-ChalmerM 31! Am Aitrl Clem. ... i.1K Am AitrV (,'hem pf . "iV.i Am lteet Suenr A Am fin 20 Am C'nn pf HI Am rnr r.lv r!'j Am Uruir "vi 7M Am Hide ft r,enther . '' Am Illde ft Leather pf 4'?! 7i 4t?i ."u S7 i''2 in te., 40 1, 71 M' 04 10'! 7.Vi CD 11S''? 1I4TJ 70 ni; M l?i 11'. H4?i II) t II) 1 .!() II Am lev pf Am In'itn.it Cerp Am t,lnecd Am Locomotive. . . . Am Malt V"' "if. :y Haxer m Plilp Cem . . Am Smelt .: Uef. . m Smelt Sc A Am Steel re'.ndrlea. Am Stimr rtef . . . . Am Suijar ltcf nf m Sumatra Teb. . . Viu T.I .i TpI Vm Tobacco . . . Am Tobacco II . . Am Woolen Am Woolen pf . . . . An icend i ("eptier A("e Drv flood . . . xs-e Prv flood 1st pf 04 me t.rv OoeiIh 2(1 pf 4. A'eh Tun .x- S.vnta V '-4'i xtrli Tep He S F pf . 7 A'l.n'lt! Fruit . All C.ulf A W I 3 S nle R.il . Cerp pf T i' hs n lie ! in' i i' H.ilMnmre A Ohie ""' Hum I' i"a etfs of (lbt"0 I! (hlehem S'pcI . ' tleih'ehe"i Stc-1 tJ . 'l?i U'thlPhem Steel 8 pftOl'i tteth Flsberle . 4 Uiltlvn tlnii.il Transit l)i ItklMi It T Cf." of dep " Itntn I!re" "' 5 I'ndde fVn'T.il f) i P. Ki'a fi'liernti I'ncltlnj . California, Petroleum ('.illfernli Petrel pf ( .iliim. t Allrenn 1'iimil1 in Pac'lle . . . i'ne .1 I rntrtl Lntbpr Olie de I'usee Pep . Chandler Moter . Clusipealte & Ohie... Chicago ,i (in at Wet Chicago & (Jt Wist it Chlcarte Mil & St V. Clilc.icn Mil ft St ! nf f-'Ji Cb1 I'll, umatle Teel . 0ti Chlcape Nerthwistern Chi II I ft I'ae. . . . Chi it 1 ft i'uv C" Chlln Ceppfr . ('blne Copper Cluett ri.iUedy . Coc.i-'"e'.:i CV'I ilrap'iepl 'ne Conellrtateil f!a Cen Inters'.).!" Cat Consehda'cd Textiles Cent Inentnl Candy l'01lllll')l ll Il'.SUIillli' ern 1'ieduct ltcf . Ce ! n ft Ce Cnn lldc S.1 . Crucibic Steel iif c.il an Ann r Sur.ir. . C'llmn ("ail" Snprar . i idem Citi fineir nf '" Ii.iVNnti ciiem'cil Ce ?! I. l.ivvat" ft Hudsen Hit's rid Lack ft Western Ml T'enver ft I'.ie flrande I D. nvcr ft lt'.e Or pf Ionie M'tie LP. Hern Ceal. i:rl" V.r,f !t nf I'l ... "d pi' r.iineu Players L Fi-lt rtubbe- I'riPper: Tix.is (I.is'en Wm.i ft Wis (ii'iicral Cignr Ctiiirul KUctr'.a . . . Heuerjl ll'iclrle fl CIiiier.il Mo'ers i '. i i r il M-iter of (1. ii Met rs deb 0". ' e ti M iinr deb 7 ' e lioedtldi 15 y fin at N'ii t h ru uf (Jrnit North (He ctf 'lllf Mwbl.e ft Nur pf I'eue'un (J.I c"" I luii'i Moter C.ir II ! i',l . S'u-' Ce I i.ii".it "n Cen Cup IM crl. tl C )-ti nf In'.ernnt 11 irv new Ir.t Mrr Marine Irit Mcr Mai in.- pf Internat MeturiruLlt lnteruallen.il .V.ek.l Int. rnutlun.il Pap r lnv'nclble i '.I Cerp Inter'.) Cen ceip . is-Mnd Oil . . .Ii.!.. s P.m. 'J. i K.i'i C iv . mi In rn IC- l.v-stpr iitffl" i I Ti K. n: . eett Cepp r Kpj stone T A. It . lu avM'nn.i Sti't I 1, h K'l il . v I.n.W Ce l...ft ' -" l..ir 'Iv..! Tub .u I' . IJ I .1 i i i HIT ru va'i Fi 4S 117 :; 40 , 70';. at ', I'i :ii'-, pf 07Ii . . 9 .. rr, 1.1' 5 M?i M 7 :iUi si, (.7 1.7". 31 , '.M v 15 H. 17), II , ! 1.7' . M'l 1'V. la 4 Vi .: UO'i 4', .n. 7li' c.1'. 74 a' . se an , 1 ev IA'4 l'4 I". !Vi Ml M 10 M?i T, , SI via 7" s", 4H'", -.7?i 0?4 J17 sr,t iv, !)-, IIP i 40 71 M'l ta 4 it": 73', rs''j ll"V tlt'i 741, M''i ?', VIM j 4.7 V, 77 II 4 111 'i III Wl r:e .'.la f.1 104 'J 4 in H T SH'i IM, (1.1 'J'-?t 117 l lld'i ?. M?a M'- .:. ,. .'e';. am .11 filHJ 7'j :ii)'j l 'a Sf- Pf, S(J'4 7'i 111 'i 7'a r.7 "I'i 1.1 r,'-, ni 4 i (." a': tut1; e i i' n3 I7?4 M VM. It i IV ', Hi i;.1 .'.7'i I'.ih :.p, 70 V I.-.'-7a '. 70J4 :0 1RI Teilw ii t'lcm i' 13"4 I'. I". j I sa am ' (I 'il?4 - .77 10 HI IVct'i i 7 ' H'J ' 4H'j - (77J4 ' 41 "a -Stt',4 : S7 I M',1 III 10' , tt.'Va ' 71 r.:l'i II in.' ' 7,Vj ' r.e -tif'i i 114't ' s h tv;- VI ?4 I .74 4S -vt f, I 77 -1 1 U -IM'i te ; 1 7 Vn t as., t I VI) t fell .sr.i.j ' 104'i : 4 in?, t- 7'-, : f"'4 f lll'.j t,n i va 4 7'i 4.7 llfili Ii). 40 i, . VII til 7'; ' (,V, s'j ' ve . M'i ;.i lirt'n -.!, nvt-t H'j 1M'(, 1 n '4 VI' 4 i t:r; M?4 7'i ve 3 1 ' .'h ' 7 t "t'i ' a iv: 1.7'i-J SIP at., - IIS av KII'S ' VM i i I'D IPn 17?i 14 'IP, 1.1 m':- t.t lli'4 '"'? w7 t '. ' J'ifi'i t'c iv:. 7e; !;''.' ' 7;tTj ri'i se ati'i .Vet hue I'i 'J Ii. Mi I I'i '4 1 4 I H "4 4 a'i '4 , t l'a l' 4 !i 'i !7'i M, '7 i I V; tl II I. J, VI Vti Ml 1 ::: ::'; : i J, 77 .'4. .'I?, !', i,i '(. II" i I t.-. It', 14 'a . -i . ..-.'; ;i r-4 .11 ti ::i ' 'i .11.4 N ni 3 . . t.1 il1, el.'i I 1 .7". '.a .4 .. i . fj : .. '. ''4 '! 10 17 . 1.7 '4 I'b 1(1" SO . Ml'i r a 4'i'- 4,t i ? Is . lSSj is?4 .. " ; t h - ; ." : .''. ' r-i U . 40". 4'1'j - 'i is : 7'i ) ). ii' a'j 1.17 US';. I.il.'l Mj ' I l 71" 1 H) l UllH . . . "llle tee 100 NOO V'JO aoiieo von JSJ0 1700 von ICO nne 700 sne noe tee .1.10 tee vne I de 1730 14M IVM0 109 719 100 1100 tee tne tvoe 100 IMI VOI) 3110 100 .1100 IjM.I 1010 tee 1700 100 MO HID Kill V70 l.'.OI 700 .100 101 ten i. no VM tee air line aei me tee asie loeio 4.M M.I 100 t.lll Vfliill m MO 70)0 oe aii .no iie tiea .me 411 nn mi Ii'IM I) 10 10) Ml 'II V.lOllO .III te 711 10) an Mil 1131 ID) :i)i 7 1 I'M ) 700') V00 lb) ill M'l VIM Ml) tee ve in !i)e an N'l 100 .a . i IM IV HI VM av ! 10 ID aoje 100 i ;:! 1 1 S J I tun I I'l Ml HI Ml '."J I VD .101) .700 a hi .',l;3 ;U) ni V)J t "i 10) .Ml :e i MJt.l 17'' :: ) ,;i.i Div t J .7.1 Manhattan .?ldrt .... 10 ? 4 Mecltny Je pf 5S 10 Manati Sucar 7a . . Maxwell Moter 3'1 13 Mexican Petroleum ..lseii 2 Miami Copper 103 1 00 Mlddle States Cerp... la!, 4 Mldvale Steel ft Ord.. ill . . Minn ft Hi LeuIr n.w. ISM .. Me KanBna ft Texai.. HH . . Me Knnain ft Texas pf 0 . . Missouri I'ocine ?0 .. Mlneeurl raclfle pf.. 4.1 .. Montgomery Ward... 1l?4 3.f,e National Acme IH . . National Cen ft Cable KVi 0 Nat Piani ft Stamp.. .10 IS 0 National Lead IV't . . Nat U 1! of JIct Id pf ".i Nevada Cen Copper. . 0 fl New Yerk Central. .. . 73 .. New Yerk N II ft II. vnj; 1 New Yerk Ont ft W . . tSi- 7 Norfolk ft Western... 100H B North American . .. 3Mi 7 Northern Poclfle fiti'i 3 Neva Scotia S ft C . . a7'i 2 3(1 CJhle Bedy & Illevver. . 10), 40 Okln Pred ft Uef r.VJ Ortiheutn circuit . . V7',1i . OtlM Steel 1!J 4 Pacific Devel Cerp .. tHS 8 Paclfle Gas ft i:icc . is 1 Pacific Mall . . . .17 . Pnclfte Oil Ce w I . a-l'i 0 Pan-Amer Pe.rel . . . !0?4 fl l'an-Amer II MI ?i 4 Parish & Ii:n;tliam . . Is R Pcnna Itallie.ul . . . 40'i .. Pcnn Seaboard Steel. OJi .. reeplen Oer ChlcaKO. ae',i Pere Marquette .. .. V0 3 Pere Marq jirler pf . . 37 3 Phllailplpldi Ce all's .. Phillips Pet ai'i Pleree-Arreiv Moter . VI . Pleren Oil IV U H Plerce Oil pf ... vi 3 Pltti Ceal CVS . . Pittsburgh ft W Va . ."M 1 Pend Creek Ceal . . II K Pre.ed Stt.-l Car .. Stu a Pullman let?, 8 Punta AleRre SURir. . t.lH 4 l'ure Oil Ce :!43b H Hnllvvav St.n I Sprlnc '" 1.33 llnnd Mln Am Shares. 5V l Hay Cen Copper iV'.i 4 neadlni; l '4 5 Hr.idlne 1st pf . . . f-7 i Kendlnc Id pf 3" .. ItemlnKten Typ. writer "0'( . . Heple Steel 7.1 0 ltepubllil Iren ft Steel r(l53 ltebert Uel ft Ce , 10 7 H n-lM ft C(J 1st pf . C!fi''. s. vi) Henl Dutch N V rsM . St Leuis San Fran... V1 . . St Leuli Southwest . : St Leuis Seuthwpt of It) 1 Santa Cecelia Sugar . 41! .. Seaboard Air Line... 7';. Stnbeard Air Line pf. IV '4 H Sears-Roebuck 103 . Suieca. Cep Cerp is;;. li.ittuck-Ai'Uen.i Cep 3?4 . Sinclair OH Vl.'i .74 Shell Tratupert 4'i fl SlesH-Sheff .... f4 I j Seuth Perte Iliee Sub. tne 0 Southern Paclfle loot'. Southern Pae rt." . V4 Southern n.xll 14 13 VO Standaid Oil of N .T.OVS 7 Stand Oil of N J nf..K4'j 7 Steel Tube Ce pf . . . se 4 Strembeig Cnrb t'j 7 Studcbaker 47 Submnrlnu Hent Cerp li"t 2 Superlet Oil Cerp ... II 0 Supuler Steel . .43 Tenn Cep ft Chem. ... H". Texas Ce ,-,e i '. 1 Texas & I'ae C ft O.. ai';. Third Avcnuii . . . 13 '.' se Time. Square, Supply. 10 ij (l Tobacco Products ... t!i Tel St L ft West clfs. 10 M Tranrcentlneiital Oil . !i'i :. Tiannurt ft Wins Steel 4l?i s l'nien Hag ft Paper.. 73 .. Union Oil v.1'4 It) L'nien Paclfle I'M 4 Prien Pacific nf 04 4 I'nltid Alley Steel . . .T!'. (I i I Ited Ilveunml . 3'J s I'liitnl Itelall Stores . ."s'; Ciiited Ilvy In vi it . . tl K H s Ind Alcohol 71 'i . C S C I P ft Pdv . . IV a I' S Feed Product.., 'ill', .. C S It..ilty ft Imp. ..41 s U S Jlubber i:ih4 (I P f! Snifll ft ltef 4V 3 f S Steel I r. 7 1' S Steel pf ll'(,', fc I'tah Copper I tc.li Ski u n Vanadium Cerp .. .. 43 I. Vi lien Ce.ll ft Ce!;e Oil 4 a-C.irelln.i i hem .. :nTj K Vu-Car Chem pf Us; I Vlviiudeu Inu ti, Wabash ".s . . Wabash pf A '.'4 . Wim. in Jl.u.vl.ind si'; W.t .Maryland Id )if ls?i W. SI. Ill P.icilll) :ie, 7 W. -ti l.i Cnleii Tel -II';, I W. sliiiulieiisi. II ft M 4.; " Wheeling ft . i; . , ieij 4 Wi.iIh Moter : u . Whltu Oil Cem is'i I Wlllja-Ovcrlanil v4 7 W'lllvs-Uvcil.iinl pf 4:s .. S l.iii ft Ce. . . J:;.., ti Uui'liiiigtu'i Pump . 4;i4 'is 'I I. " V i k I I.'". I, i s ., S", 74 t7i l.s?i ..I ' n t , "p. I.. of till i out','.' Ii -I i 'If we l".-n, a. . r in. ni 1 .in I lull' III I i i r : . i tlli'-e i i ' llli' . i . At Ii. . ,!!! ( '.t si TV t i in. el I:.' I Ihe K IK '111 i-ven greater prep., ti m m ef the itilieriiil i'Migtli .situation Notwithstanding '"i" Tieit made in t , i,i e e the prebubilitv uf (litiens. there is put ; ;inble or deluiif" sis' or essential huiiK' condition In the up ,, .n tlve banking int Hltelihoed tit an P'."i i.' February at tin (.irl -i menc banking int'-i -f ing all aveiluble fun N presblng ieiiiirfineiit . buslncs mid i.ur.tuer. in. Ml ulinii Much midnight oil i I .ng luin-d .n the banking cenimunifv in neet t-vuu iirebjetns of the business "it'iatiuu While some mishaps prebub v i.uni.,t h escaped, it is genernllv . nun. I.. I tin filuatien n well in hand The mere ilirei t malt' i.f m'e est lecalvvise at th" inemeiit I- nluif ill. 11. O I. dirertui" will de n-M v 1 1. en thH dividend S.iuiu"! T Iledliic. the preeldent. Minn' week" uk'e fur. .ntid n chnngc (rum tl.e Ieiik ,stnblihd jier ient rate Kien should th" rate ." ini In half, as some predict, te ! pi r ietit or - a vear the stnel; even I'li'li viiul"l give ti substantial ntum at Hi" iiineni pi. c". It is kciiciuIIv f. ' I'.e un fortunate position ul the n f.i n is uti'v a 1'iiiperarv one, and tl.. ibimn. puw c( iifreuting the iiiamig. in. tit will Mien b'1 luerciituc NEW YORK BANK STATEMENT Impaired Reserve Position Corrected. Deposits nncl Leans Fall Off 'I'm. I. - V I ' II'' II.' Ill uf III"' e Yii'' CiQI-'lg II". ll-tlllllell 'II" , , ,1 I I , ,. I , I 1,1 I I ' , I I p III III. 'lit i" iv i .n ,"- ', iii '1 " in'tii.n i , ,i, t . , ,,' ! . 1' ' It ! -' II ' I ll-tilll- i,i,. -i, . "l i . ne'd sjl.'i"! nil) le -civ. r. ,.,.--.. ledtil r 'linn in. tit" a- aitaiii-t a .'.i ".it "t M.i'"' "" a (!. . e,, Tn !i i' 1 ' s m ll 1. ilu . il 111 I ll'' f f.i tin.: ..'I t Hl,.".Tii.lH',l .n .biu'iud dc i , . t " ' i . .it th' s.dii. tin 1 i" l' . , . ii,! t .if tin J'"'bn il Ii ' .1 i;" ,1 in. in i " '!' Njn.JlO t i'i i. ,. i ,, iignt nil no i. i ' in i'u ,. . , i yji. im;i...iii r i , ,, ,,f the 1 'piid.iti.ui inuve- i it' I in I' " .it'.i' ti"" "i , '', ; pi mm iii !,,:uis it ii 1 il.-ieuti'" ll. . I lull.. A . t ;: ,' Philadelphia Stocks d" Am Mil ll'h .ill :,, ."id I FOREIGN EXCHANGE ?. nrli. He,' 4 At (he up. nlng ,,l III., lun-igii exeli.inge lliarld ts. "til Mine N,t was Ulieli.llllted lit the low ,.e , , lUe IllUIS'l.n Mlliih VVI1M I Mtllblisll.,,1 ,,l II.. I t Vi '''"."!' el :1 " l'"' di'tiimnl and .1 17,. r,. .-.DtAm Can' -.'ti', 'JiP, 'Jii', ' , V'j'f.'i"'- ix-T-lnir. n k.iIii..! k i..i,u-. te .HiiA,,' rsft.'H... ..., ....... .-, si.v.-.Jrj. '-iw ";.; nM.".!- l':'jti& lill Am Kwjs .sltinv.nl il.eiiniq ''"U.'." ijuui 11 i.ns vveie .riuii ,.,i ;, 1, i, 1 . b." Vs. 0 1. r . 1-11I1I0 a , 1, , l' ::. s'wi-h i.ii.i.s. r, c.i ,',kh' &i,., ', uilder entiles ; , ,h,,,M 11 'l l'eeliiN 1 allien. lji,.-, . 'i, , ,m' Ill' . IP1., S'", Si" NEW YORK COFFEE MARKET I New Yerk, Dei. I-Trad.irf en th" i.petiitiK 1. ill of the (effn fiilui," u,,u ket this iiininiiii was ietj iptiet. tiiiu I nctlniis being cenllned te one let of 1 March at 7 "Uc 1'lrst prnes iie 1 iu '1 points hehnv the previuu cle-. 1 u n Huh I.uA c,.,. , 1 , s 17 'll'i .1- - ii H IT.H 4 33 IV III! II U'l '. -.7 I 7 01-911,1 7 10 7 VI 1 Jl 7 .7 7 ai'ei 4', 7 III 7 l 7 17 ti is 7 4 1 7 HI 7 10 ",7 7 11 ' 7 711 '(HI 7 70 7 TO 7 7 1 '.1 7'1 7 S Oot. ,111. JCfb Jrrh 4nr1l 'Miv tu'i" .Mlv Auir Bert JBhl, III! 'I I", s -Vtl '1.1 s . terrered. . 1 s .; , .s s : 'i j 1 , ! , 17 1 7'l ' 'il ' " , . . r ',4 OII'I IH II " Is ,,1 , "l " , . .'us S'I 11. 0 .1- 7C " ,1','; , "s 7s., .-.'! 'V:..V',,".'."-V' -. m.."" -- 1. r e - 1 11 " " I , ,t , , , , ., 1 ,, , ,"il' " '"s " ' 1 p. . r in ' I,., 1 k" iiel 'i',s , 11 1 .111. .1 1 - , ' i.irl.n . . . 11 ' - y.,:.',r""" '" " mi. .s... , ". ul iM ... 11 -s7 'I .'.!' (i 1 I I.II..I M.lt, "I , , ,A ,. I le'll 1 -' I"'1 '"' 4 0 ACITM. ! mi ' . " ' ' !, , .ei. Sl ll"l 'HO '! ".J". V", lnr.i rf. 3." -HI "'"' -..s 47. '"HI I,";. el. 3 I"7 HI I -I- I") "(.D '":,! n'.''mX W.'-" '..' 019 '...'. 11.130s en I I I In inenii,.'. j I ' Um Kill ' .".. I.111. Ii" ' si 1 l, 111 ..nn .,11 nun I p -. , .- In it,.i" I , , - u u"i .. 1 . ( .i 1, M 1' IT. utiu n ,'iij ften J p. m , . 'n ni'- 1 1 , I.. ,e tr ii , ru " .! , . ., ,1 , 11 J''" no.' ' ' in "'.ii s , 1 , 11, ,l mill lit Olie 4 0 1 .'. IU I I I ,.,. , 1 .,l illlslUillll .'UK n.l 1111 1 , r i ., , 31 01s oiie an e.M rmn I J I p .1 J. V.JVl 000 1". H7 ll"' j 111, 'ni E3. and O. Rail Orders ,r. t L.T .'I '.'I1 HID iu Pipe l's M, I's - 's Ijllllll! ft O. .'P', ."."- .'.m-; )- n l.'il III St 11 III.". 1111'. UM'-.. s ."ill l.i 11 Aspb pl.f II j S( mi u U'l.tlnter Mar pref . .".:'.'', ."i'l , .".:!', a-, I.. 1 r X A -"it . J!" -!'' . l.-.itK.'iiiiC..p IS'.. l"i.. l".ii ', l.'il 1 all' Sup !' ! ' ', .'.!,'i'." r.'i l.h .Nn T-'j in I..!i ii. 1'i'j ."..",11 W.e I '1,11. si . IIHt 1 II Jll'.'i 'Jll'i JO I- ' li.Ml I'll It Ii 10 ', Ml l Hi's . .'..I Iill'ft Ills Wire r.l'j .il'j .Mi'.... s I'hiln i .1 euni pf :.i :tii-', :n !.." Philai;!.',- :;:., -j-j ".'"-- ."ill de p:ef -71, J7 'JT'k. . Hi P It T . Ill"', Hi's Ul-1,.. "in IJeadiui; 1st pref ." ."." ,," I 1 lnlHSmc'r Oil I'.l'i Jii'i l-'fi'i-, ',; .-.() Tnne .Mm 1", ! 1-K, ', ii'-t r c i . nn1, :'.u :,i - '.iin.r s sti sj', s.ji, 1IJ War I AS S S I.ln.1 Stuekhulm eahle", pi In u. ik in .in 1 'lirntlanla i.ihl. 11 1,. , Km' Un" lli'lulllll I'.ible. C .', ,I..LU J4 'i Mat,". Ill M-:-ri:iuiAi m pin'.vi. wi'hi.m i.i4 ri, 111111; iii- H 1 i, l.ii ,1, iM a ni'.. in.' :, -,,, ' ,; 7 . '! 17 I, ill I 1 I ;i -,; I Teli.W y HPKNIXH Ql'.il wpiSs '.' I 1st. rlinif I'i i" ' 4 1 ., ,.. . 1. P. m.n.l .1 17 1. 1.1 a 1 , , , ." i HUM'S .1 I -4 , ; , , ;.,. ,.- , I 1 , I 1 I 1 tl 1 1 I , 'I I. ,, 71. 1 llntf I r ,11 . 1 TRADING IS LIMITED E OUTSD MARKET 1 'v 1 11 dt r for ateel rtilln nR8rKntlnT 85 -Oiiu ion. for next euimnn'ii dellvirv ha' I'" " placed hv the Ilnlllineru and niile Itallread "'. vvlth the Pint, d StrtlfS Sleel l.'e s phinlH at Pltlyhurich ttir llllnn'" ssteel ' .' 1 Mi .ik'e .mil 'In 1', ilii, belli Hi'.' '" ii Sp.iriuM Point 'I Ins in.', a "ii M '' ' '" (f bet'V", n 3 inn ui ul 1 ii....iu.e. 1 '(in i.ii..' Iss-, niu,r ,ni!iirnl with tti il'il till 11 ' si. 1 ,,, Thus ful llili .ink 71 Ul lin s,nm,. , 1,, ,M( ,,.)( -i;. riM fhul.r t.Vet rhiriK ie"'le li rn'T'P 1 risuu with Ut ml.. .,ri N'i 1"i.. Miui U Kxihins'" Si, " 111 lltlMIS Net $lvCii llii'ii liuv i'le. ihi." 7 I iidl T.I 7- HI-' HHT, 101 7'm.. I l.eh Vnl (i- '.IS I j llMj 1ISI.H ... .Vi' . I ll) ll'd" 'Jd I'i . S." lis f,.",..'(! s.-i .".ti 1 lis r.l :.. .,s. sk :i K",.i(j ss.:i(j-i .:iu 1 iii-lni iih iie s." no N.".ri0 s." si - oil III I'.i-'JD Viclurv N 1 i( . . . !1.".."(l Ii.". ." I !i.-i..0 0 1 1 Pa K It 7s. Id I 101 101 i r, I'hiia i:iei ut .-.... Wk s-J'j 'S'-"j 'j 'i 1'iiiteil Hwy Invent fi". 07'j l (l 1'.. I' lil 1171 S"0 raiiliwrfl nlh :'.'7U'.i ,l 1 J I, I'll'tM far tlllH lee, Jsll.'lUlll ."am, i,.niil lnl vviek. JOrtJ (1110 l.'iii.' 1 1 .il - a iii'j a I7'i 0 nil 'i r 1 .mi 1. ,, .III Is .III 3" MONEY-LENDING RATES 11111 Mil. 1. phi v 1 , : 1, .,. , . r. . .num. , ,,,,, ... tune. 1, p. r 1 1 111 , line- in .s. , mouth" 0 im i.ii (Nut.- Ih.se ..(. 1 ,. . , , ,,nh, ipilllilli.il" as the . Kil 1 1 ,,, i,,l, n 1 III lllf M it, Of Pi Ii'' l.ll I m i , rt pi e ' . lit, I" H lt In III - ,'ii 1 r(i. II isrillill, llllie liiun. V f'.i 1 I'll i.liii'.lv d.i.v ! I'Jiined at S In Si p. 1 , t vvlnle ennitni k lal p.ipi r. fi'-iu 'V.. ti, lN nieiiilm. let bclrm i.ffeiid , s ,, ; 1 p,., citu . I.OMION - Men pi r 1 1 ni lu"i eiiu' f;ij p 1 1 nl , i'ii. Ct at ' , I t. 'I ll IT, I'l." I nil I, UN ' '1 1 " i',-, ,., DANK CLEATINGS 1 ., . h 1 , 1 . p. p. mi """- 1. j t.i" 7 1 1,: BAR SILVER I I .'.'In Ii. I ill' liver u.l" 11 Ii 11 i. il 11 e V "i 1 iml. 1 in '"! 'ac , 1 u 11.11 i'ii iff en i'iiiI Iii linden. 'h. 1 ru , .i.-' . 1 In.'.a, .11 1 1 'td llanli 1 le irlnK-. I,. 1 , ri spiii J1111: di ...s ' 1 'l.'il Phi' . . Tii 77f : :.' 7. s ll., ,1, '! 'HI nns ',7 . Hillllll ,r. Ill ("."i. llil I I I V im!. 741 ..' slj 1 I . ,,, VI is-, I'.', Fix Minimum Grain Shipments WhsIiIiikiiiii, 1 in- 1 Kp, 1 1 ii rule, effnilv. .laiiuarv I i:im tie iniiiluuiiii vi.liln if (timIii sbiiuu m in i.itin.i'l Ieta at Se (inn iiinis h ,, ! sin, 1 today liv Ihe nieisit,it.. i'ii 1 11. n . I'uniiiilH "11 11 Till rule ..III 1 1,, in . ', uuiiitiurn reriulrlnu a iapiuie luui-i' of all 1, ii. wim 1 v.i ,s j, , dui, 1 ir ih,, 1 11 xhertuitti and uhl, Ii 1 ,,ie , 1 .lauiKiij 1. Prices Steady en Paris Bourse Purls, 1 11 e 1 Pi 'iih hup Hteadv en (lie III nrs. l"d 1 Tin. n-r 1 ul r me" ififi ,;. , , h it ,. ,,i, l.iindiii ITfr 10" 1 p, r e. Ill lei.iu K ". fl I? lli Tht ilell.it .i" ipietftl .11 lCfr fi'.'c Price Movemonts Are Narrow. Sweet3 Centinues Firm eincl Holds Advance New YiiiU, Dee. d. There was little feature of Imnert.inei, te Ilu. curb mar ket, the trntmfer of Southern Pacific ilKht nnd I'nelllc Oil IeiivIiir many of tne broker without expected bil"llic. Henlinit In ether stock were small In volume nnd price movement were niiriuw. Sweet '0. continued firm, holding its mlvnncu nnd nftnlii sellinc nt 21, te 2C A nle of Hercules Powder preferred was made ar -lOM: nnd -lOi',. A "innll amount of Knrrel Penl old at HI. lntcriiiill(innl I'etriileiitn vntiged from 17"( te IS. Uynti Censiilldateil we steady at 111,. INni'KTItlAI.M HlKll Cnr I.ltflil l:niilrt. Tulm Partell Ciuil (linertil Aciiluli cinrlnncl ss Hercules PimiUr prrf 1lertn Cheiiiliii . Perfection Tire ItiuJIn (film Iluille Oiim nref liny de Priincu . ... Hweeln Ce V H l.lnlit Hint t'nltid l'niilt Slinrinic . . I.M)KPI'.M)i;.M' Allied (Ml ... lloene (l I'lirllt ."Miilliule Cities Serve v "11" Ufa t ulilni IM Denny oil CiiHln-em Petroleum . (Ileum, k oil IIiIiIhiiii Oil Int, I I'l'lliilruill .Mnracnlbii Oil North Amer Oil Ornnr (ill . I'm liner f. rtiriiiers rt .in c.iiu. SluiinH p trnlt um Hkelly (ill . . I'll Tcxm (; Wlllte HllKl- . ... Jl(. Kti 1(1 I Pi lit 4ei .iu I A ll'i -I" .1', tin.s 1 1 Lew Z'a is ill ll'i '! 4uu .1 1'. an & sii ft 1.1 p. 10S 31. A I'd l,V A 17'4 HI a. .MINIMI AlHsll.l Mr Ciilllllltilll ., A Atlnili , 1 lli.nlh 1 llu-liilt A. .Melit It Cs leil Mln 17 I'llll Ii I llln M HI Cuii" Vlrxlnln aij Cur'ny Mht r id Cle-.i II (I'M I. I.iui'l'. Arl- 11 KUI.'ll.l CriM'sUH . ... 111 Kur !( 1 Id, II, 1 a (Sel.l Cens . . . 7 0.1M H.'i'l p.. llllltlllelll I'llllllll.l . . .. : (inlil .:',. 1 picit 11 (l.C'l Zi.ll. ".II ('.lent 11,11.1 ll ... I litn 1 Mlv, r . . a I 1 . hi viiniiur j I:. 11 lili,ii in. .... i. Uiiux Dlvl.l.. . . 111 MeN'.uii ir.i t .Mi N.iiiinrii Cii.s 1. Miiri.li .Mln . ii Mnth. r I....I. . .17 .VIruh r 1 ml. new , ,v- Nnrlli Star (1 epiiir Ml,, r ,', Prims' (',11 ft Hex 1 '( iih ,1 Hull er. r .Milieu . . . . ll ll"l.' III. ,111. . t Sim T.i, fi Mlvel 1,111 I III 1. 1., ,. . J H Isllv. 1 I.. .1,1 ,', ."licet its Mln I I'l'll'.I'i'.ll Helm 1I1I ... J .', reii.it nh in, i.i 1 a TellMI'llh Jlxl'lisliui lU Ttiiii. ,11m 11 ... 17 Tuiml ill .Mi l.i .... 10 I' llel'.ih Mm . . . 1 ,' T" in. ,,lll Mlpjh . N Tuii.iiiili M.,'itiinn . . H T.. li ill Si. "uut! IJuin .'! Vhlui . . 1 Vtl llli.l i' .. 1 While Ciin. 7 VVIInu ... IIONDS ell. U" fn. In.'ii 1 oil 7'iih AMI,. I I'i. 1 Annum. i.i Aiu-lu Am, Armour 7" (..th Mien 7 it tltn.i 7s ildunl ItuiiK 7s "I, ins It,,, Inn I 7m ."el,ui s s-.lfl 1 11 7s V 1-' 11 ch. it,i il ' H. Hern Die. 11 le 7" 1 Ii v f In rut 11 s I '.'limit 1 1, ss P1.111KI ut tst .Nl,a Srt r.i . IIIU IIH", ni.", in". . iiav, liin'I 117I4 llln HP j lf, '111 li.-.ij I.H' I. 1'. ?..' -'a .1 IP4 A 1 1 II til 1.1 :iv.j ()'.' 1:1 1 a c" 1 1 .'. 1. Hi 17 PI I.'. 0.1 Ul' U'l "4 nr. HIS in'. nu 07S 00 1 1 'i n.-, nn in im 11 !l'li 1,'l-t 1S'-j '". ",L' 1 '11-, .'I'i 1 A II ' an II I '4 111' .'lis 1. 1;. 17', I'l A 1 1 41 III III 'I'l III u 1.1 a 1 a 1 '! HI Ii'. 8 S 21 .in u; m ni, mi, or. ioei :n Kin !.i l.l'lH ll'i IM1. I'll ir, t"ll4 Commodity Markets COTTON MARKET New Aiirli. Dec. J. I.iveiniiul ln- liicsls and spot hull"!1" vveie cuud ileiN of (otieii ut the upeniiiK tuiliiy. and lii"l lniie ilieppnl I In "JO pulnt" under the pies, me, 'I'iie I'utteii vm abserheil by Wnll sluil and New llileau hiiuses,'ne that sleadinis" pii'Mnled nfier the ctait. ivith piii'es up nliiiur LID point fmiii initial level. iepenilinK t" It'Iutlve "tienili ni i ( h leiins. The .Naliuiial llinner' As-ncintiuu es liiniilis the imp ut IL', IL'O.OIIO liale. ti'lii"ivc uf liniers, and liiudc the pm. iiiiiu le Nevi'iiihei .".e. UUMIO.OOII bales, nmiiiisi S.Ml.iiiHI half" hv the kem'iii. lilt III lust vein While mil liinileratel.v liclive, Ihe uiaiKi'l displuied iiiii-jilcinlili. stii'iixth i'i Ihe Inl" tiiidiiiK en ileinaiiil frnm "hulls. Wnll Khetl and New Orleans. Then' Vtcic impiiiviil lepnils nf Muith ciii operation" niiiiiher of plants in the I 'hill lotto ilistin I will iChlime full nperatiull" mi Miilul.lv. Price" sec up te ll net iidviu I about ''."i ieliits, when the ri.e vas (hecl.nl by iiiiicascd Miulhcni si'limi; Iteielpt" ul" .it t.tii at the piuls fin the tin) an- 1 M minted nt II", 0(H) hale", iiKiiiiisl ,".",li"il telle" a veel( uiie, .".II, .ri(i7 hnle a .veir into and 1!),. '1(1(1 hales 111 Jl III-" 111:0. I'm Inn-, i" 1 11ir.l1 i."i c I). 1! 1.1 "tit I. In lis-, 1.1 I 1 is Mi .inn 1.', I,.' 1.1 fi in i,u 1,1.11) 11 11,111 in Mnrrh 1.1 "'. 1.171, pi pi nn.-, 1.-, 11,111 11; no Muv 1,1 07 11 'tn IH.'t'i 1.1 111) ii u In 1', "-' 1 iu ! '1,1 1.1 tin HI I.I (poi Ida. GRAIN MARKET Chhasii. P. 1 I The wheat uiiiiKil ipt'liim: ns w 1 alter Ihi nun nliii; umlei eliei'lll sellum hv 1 nuiuii"iiill liuiises hi siiuill luis. 1 1, iiiaiul nns put ipuul. It Mas 1 i-i. 11 led that 11 hiiip expeit busi ness inn di in wheal , tin the (iulf, iivei uiht. It mms the opinion of the tiade that bullish intlui lire" had hei'li ilisciiuiiteil. pailn'iilail.v in Wiishlnj; Ien .ill d Hull, em eiiiiiui'iueiit le these ili'Miilii: liiiiin. inl In lp I.iiiiks eviili'litl.v were ui'i coils 1 ji Iv and ilu re was a dis dis piisitieii ti lupiiilale Im ever Siiiuliiv. Den inber npe I ut "jl (Hllj e .VI. Ii'.). n;;a'uis .;', 1 . 7i I ' .. nl the end jc Icnla.v . nnd leeedi.l le SI. lis',, .Mari'li staiieil at Sl.li.'i in SI r.:!'j. naiiist Sl.li") nt ihe end i'"i'ii;i) . 'inn epiliul liinii'i', bill, after Ihe starl. etTi'iincs iiiei'i used and there were leiessiull III s.Mlipalhj vitll wheat. 1 lei ember open, d at 71V te 7-",i'. lUiiusi 7-', 1 a 1 Pie end .vestcpliiy, mid lad 1 "old nl 7'-' si May was quiited at 7l!'..c le 7li'i ul the sluil, ilKil'llst "i'ii nl the 1 ml jiesli'ida.v. .Inly epelleil ill 7li'i le ii'si', ll((llillst 77i at Ihe 1 lese jesti'iday, (.at" wen. i.ishr. I.eadinu' sluuls liuiiuhl Mil lle'i'luber upeueil li lower ut I7''je, nnd icreded te 17' C. Mil J HlllltCll lit .ll'.-C Id 'I'll', ll!llillt .'il",i' at the cud jesi'rdiiy, nnd de clllinl t't 'iii dui. epi'lieil ";.,e Invver lit ."il'i". Old Firm Dissolves Anneiini i m.nt bn.s been made, th.it in .Tiiuuui'v 1 1'i'Jl, llrvln & I'e will n tniii lKpildiitliiii T Henry IHen end hMm I'.iiKtni' liien. of Hint (Inn. nennK iih I i'ii 1 ltt.il 1 iik i.irl iitTH It is umli.'i umli.'i Kiend that rei tain meiiilieTa of the pies cot Mini !!' filler Inte it new p.iiiner .ship inlet im 111 under 'tie llrm name el Plxen t i'e . uIhe that the huslneni. f lh" tit 'll will I .iril-d nil I'l ll tiled nf f'bi'i I) D.irnev Ce H2R Wiilnui rticet. en Ilu completion of their build Inn at that locution. New Xerlc Bends Amer Smcltl'it A lle'B fn 1 . 78 B 74 1 . 7flN Am T 4 T clt 4 77 2 . 77 1 77 Am Tel T 0s 111 . 11.1 'i I . P.! .4 1 . . D.Vi .1 U.m 10 . Hli Am W Pep 7 1 ... 7S't 1 75 'b CSAteKS IN MOflOl tn. ... 85 New T w 1- . Del & Hud 4 ',4 1 ll't 4'i 1 05'k .1 .. fll Dm AltO fdiN'k A W'n 4 S 48H. t. . 48 Det Killiwn On 1. . . K7 (Del Tun' I l'4n Detroit V IU' 5 of llll I 50 . . 7f) D Can Si '21 2. . . PK 1. . nMs ft. URH 10 Am e llen'c 5a. 1) (.'nn ft'i '21 2 . . 70. .1. HSU Armour A Ce D Cnnnila '20 It Dst I '..I 4 . PI'. I. .. 7mi 1 . OH. Ill . 75 I) ('niuiita Ml ATMi 1 ... CUV 10 75 iri A A" C I!" fl . . 101 'J I . UKS'j N'n I'lKlflee lis a . . r.i'i 2 . . r.t'j r... . r.:i N'n I'nilfle l 5 ... 70'i 1.. 70S 4... 70'. liS'ilNii'n I'nc 4 si" 1.. 711 N'n I'ni'lne 5 1 . . fill 1 V) North' n male Pw r Ce 5 I 7ft i 'Erie tltnl i.ien Oreif A ("nl 5 7514 Atlnntn A lllr inlniih m t a. . 11.1 All Const I. 4 a 77 li .1 77 Vj Atl C 1 .lllf 4 Vi 2 . . 74 All Conn I. 7 I 102 ti All'c l'rult 7 70 ft .. 711 't 1 em in. s ,3 I 1 f,s I'Ji. On uiin M ' I 0',4 1 701J r. ... 70H lilt 1 ( A OI1I0 cv 2 . 07 H ! 42s Hrle It ll ( A ! . . 'ID'i Hrle It It cv 11 5 ... 10 1 . . an Erin Kit cv l It). . 47 t. 47 .Oe-ne'l lll"fl rti .1 . . . HP Cev't V It ret I . 101'. I . I00V4 1 inti'i . . inni :i 1 .. 1 .. Ilu It f. 4 117 117 . 07 1 10(1 0 .. . 78 tm..VHitii 11 it Ce N'uv t'ti 4 1. (l'l"j B . . 1.0'i r.t nit ui 1 '-.M H . Ml'. a . ss" Pa ll in I "i" 2 70 Vj 2.. . 71)'.. ivim.i it it r.i 1 . se r.nnii ll It 7j ft . . 101 , I 101 'ii iu (Reiulln lt" 4n .'' a tei 82 H)0v.(ltepuliili' Cuba lOOM O n Via C Nnltii'il icti. Hi '.I 1 102 1, .. un. 1 (vis um 1 a. old,. 4Hutl A Mini fill '' ff' it ...'ti , 1 elti.Ft 1. I'll Ml A .... n - , ... - . 5 uf '04 II. ... 7S nie (Ir'd A W clt 4s I . C.SIi. 1 llll ' ll.ui A 11I1I11 ft.'llud A Mn 11 In 1 21 1 (17 1; I II (It A Ohie 0 HO '4 U A O I' I. II A VV Vn 4s 1 H2i I lei Tel 1(1" 7s 1 fl I S'ti Itv 4" Pi Leuis 'ran uj I 102 1 102 101 lilt V4 2 102 2 101 M It Pepper M 0 1 . ST. I S5 IJKll I It 1 1 11, ,", 1 70 7(11. 1 7li4 llrkvu ll T ft :ri :rj Ct I uf li.l en 2 Ml ,sfl 10 Pi nn In 1 . . 10. ittl (.,.,.'1 I, ... .. -.. . ..- --,. , .... 1 71 11 Cl leiuis Ir. 1 I',.,, 7 ll'4 III Cm I 5"jit 1 I'OS 2 1111 102 lmll n .stei 1 n r. se 11 Inlli'e M 4Vi. HI te HI I HP. 1. Ill Inl .Met rt IU 2. II J it bun. IS T f.i ft . nu ll). .11.3 I .11 1, I r.l 4 !l ftl. M Murine Ilu 70.4 A H 0I4 & a 11 1 I HI Bl I Mirlm A 1. 5 I 10 . . r.e a re'ii . r.e'T, . ft'iV . ftO'li 51 50 'i r.t .id .11 511 't it. 8 trun i.O'i I.O', 1,1) in r.e ' no' 1 00 '4 St 1. ev 8 I'i llll Herl"" H B . 71P. si 1. t s I run 1 'i '11 ... . .. 0.1 l.tMlli-r r.-Iat' tleve'i .M .-iTi." t. I Sit 1. s.ttW'11 t 11 I Oil Cli'k A C) -lUj.Knn C A .S :P.DI ,'' """ '.," . 7.I..1 1" .''-''... . . '".. I.'n., C t H r.. OtllU .1 1. J 1. . !ll)il 2 . . I'hts'K A 11 f.i Jn th'' 1 . HI a 70 K TIM. 70 '.4 fill I I" 1. 75 Cheqv 414 1.. . 72'j 1 72 2 7a II 7:1 4 Til Ck 1111 5s II. hi'-, M', um till 71 71 i 71 K lli'lK'm 7 Mi s 1. .ns 1 ns 1 Stub ! 1 as 1 . :ts 3 .17'. 8'n li-tl Tel ft I. 81 ' M'j B'n l'm'lfte fa 10 5 Chi . Ml. .11 ll 40 (lilt'.of 1 It'll A ipicy mn in 07', 117 4 H7'. H1H IC nt Italy IIH Mi, 1 7... 8.1 8I, Klnns Cy HI I. A 1.1 .nt. 'It. I. i.f St I 1 p 11" '111 I" Chli'msu II' n Ail..i(h HH'el '50 10 Dney 4 s 1.1114 IliU, 5 . !l(li Chlouve llll A Mil' 4" '2.1 a . 80 I . 711", I . . 7(l's Lehlcli V'v 4s 2. . II'.', It . . 118 . I. V'y en 4'4 1. 80 1, 74 V, 7I'4 B'n I'm." e 4 70 711'u 7 711'. iu 7.1's S'n I'm: ev i 25 105 llll'. IIIII Hill 105 1U.1" llll Hill I U'l S II K.lll" Is Ml '4 rhlum'. Mil A I.itilKh Vl'y fli. SIP cv 4''.i I 1 l'"' 2 . 711 ' I '.' I 711 'Lehlkh Valley Chliium Mil A. 1 mil 5" HIP ftl 4', I . . . 01 II r.'l'i 7. A M,eis 7 Clilinnu Mil A 2 llll Mil bill 4 '(. 1 1, nn , 1 111 T I !..'! ev AI I, " .lit I TT I I llll. Chi, uK. . Mil A 1 i.i ! HIP iv 5s ll.t.illlul.1 C 5v ,.al , (IS.l 2 7s', s ,,,,1, Chit nun & .'.'III I I'U .. Nllih 7"' 1., i,,. "!- U K nf l llrt 10 1 .V.I '. 7. r.i'. 2 . ii'i., ThllU Ale 5 111 7.1 Union 1'ne f.i 1. 1 . P11I..1 10 74 Pae 4 . 811 1 1 Wll tl 'SR 2 811'. MI'l rhlmi.il A Mil, 5 V '11 ,1s 'h7 t I 1 lift', ft CIiIchiiii A Mill 5 VVenl 11 7s ' a , A I a I 1 ( It I A li.l '.Mln St P III. I M" M l I'll' ''' A I'd 10.'! y'f.V K of 11 I.11 : - a 1 u idjii ' - HI . 88 7' I .1 SH. '.I HI IU2-I Mill Si l"l .( M v r f,1 4 1 1 2" t Ii nt u a in. si 8 I.C .Mn I l.'i I ft 0U lil) lift U.l V. J'n l'a. Illi I" i' is 1 r.i 71 ' 2 51 end ,m, 1 si p 1 lMitni it p,i 1 M A 1 1 lis 1 8'." M nit I" sti' r 211,1 r. . si Jlit K A T 4s 1 . r.s 4 5 88; SK', 8S J, 88 1 (I lilt i lil 1017 1 Hi', 4 s4 In 81 I 1-' M, ID 81", P S Mi xli , 5i a 4.1 ", ft l.li-i It il ll .Im S.lll I mn 1 4u '.0 V S II. nil, Imp, I Oh a h0 S Hull t uu' M w Or Ti Chi l.T 11 A .M.xk'u 4s S i: ,1s 1 I i,i)i, ft rilUj N'ev. I) Ten f. Clilll, Cep'l flu M. l, .1 ft. 4 1,5',' ft 5 1.5 K Y I" 111", It ll Is Chile i.'eii'r 7n I . . 77', A' ,.'rr. " " " P I '"b "-' riunese Cl.ne't1 It H 4'!,h . Ml,,' ,:. ... . p II It Pull 7'4, H7 117' PI r, II 1; llii r.s I ,1 71 IJ s, V C .1 11 III 1 !-' II ll 111 I Clt ('nil, sit I IIS ' l t '.is', ID I lis I 1 PS', : Chi ('.ui 11 .in, N Y 1: A 11 72', Kit rein 7 4 72", I 1112 en, I., tin- 0, 1 mi I 7'l 2 mi's. Ilinn I'nwt r .1 I'- 1.1 '"'SUM r. 01 1 I'l'.' Ill Ill's 1 1 II II , t I'.l u.l U'l H8 Mffl 5 . HI', IU 112 II J 02 I'llll .( N'n ft, SIM, Cit .Mum' 11, N Y ('Id ,t SI J.luhi fts I I Chy 1 .'I I mill!, tl 4 , ,1 ;u "'' ' '''' Vn I' I li'li 1,1 , ll, , 1, Yrli H Ii, 1 ,, ni (, i'iiii!,', , fv, , i'ii. 111 1., I'4 2 HI'. I l U2, 'il', N Vli I mln II Vn Hnlnv'H ftj 11 I'i ft I ' 1 Is j L. s: I"'" il't'i WhIihkIi 11 11 M'l lit (' .ill h Ii iris N Mi I ,i,t III I I 1 lift V IM 5s West I 81'. I New Y N II t 1 , llirt J 0, efist (T.I 1 In Chi .1 MI, mn Ih I (17 ' . i'l .1 i'iii i'I.I X m t. tui, 1;, 1 as', SS'. 1 SK ( K' .iiil. i U'l si 11 I it I 1 1 .V ,M 11 4',' 1 a 72 N Y T. I.. I'ltiisit ,1 n-is 7 r. im III 1 as. J 1 C'tlli 111 (' r 1 vl '. 1 Ml Mi, . .Mfi! c. I a 1 1 1 1 1 si 8'l M.l H ft.l 1:1.. a 7i up, or, 11 ii nil, in-, ni 111 It4 III", '11 111 Ul M'llsnll I'u I1.1 '1 1. Hi f I I. SOU HUH. II. I. I" ll'i'l n. 1 u,, BEAR MARKET HAS RUN ITS COURSE Wall Street in a More Satisfac tory Position Than for Seme Time v,. vm-ii. Dec. I. The Kven.iiff Sun. In its vveelily lliiniicliil review to day, "iiy : W..11 Kin el wn iii n mere hntisinc- tnrv noiitien till" week tlinn fit "S time, iicrlinp. "Ince ceinmerclfil rend jiislinent brKOti In rnrnest. The e eiirlllrs market seemed te lmvc renclied the "tngc f virtilillly cenililete 1 (lllidft- linn. Very lew cxiciimvc iiuiu.ui,- sleck in nrecarinit linnd remained n ... ,fiTt iitnlillltv or n 11 lllt'lltl' '- l" .." ....'- --- . . media te be ntilie-ed by bear traders In fuitlicrliiK represulve measure. 11 ' nNu ceiiernlly OKteed Hint n InrRO filiert inteiest n in existence, nn opinion wliieli analvsi nf nncrntii.n tended te Justify. The piiliiR Inte presiiinnbiy "IrmiRcr rciutml nl lienerni aiuidis, m viticlblc Oil. mid. nccnrdlnc te report n vet net verified. Sinclair Oil. were cne in point, 11 well n the lirtivr M'llinK or etf.il.. ............ .,,,.1 iittii.. itther lSSlIC. 1 line , "l'" ' .t."t ....... ,. - The iiianiii'i' In which these who epcrnte nil the M'llill2. "Hie eili-criy wiiiiueii u ii., r..H ...,i.... ni.l,. i-iwit si nnd tlin rendl- iie.t vvilli which I key turned te cover en frequent occasion wneii tneir iiihm was but indilTeiently revviirded or net icvvii riled nt nil. lenfirined their want nf confidence. It wn lint te he nllliieu. iinvvcvei, Hint because 11 bear mm ket luid run its i-niirse. a bull market wn immediately in the makiiiK The swiiiKs III price iiinveineiits were iliiy-te-ilu.v ueveinp liient" rcsiiltini: frnm Hie tochnienl sit iiiitiun. The pendulum wn carried fnr le line end of the lire in the recent down turn, sliuc which lime it lin moved rntildle III l.eitli direct Inn, llllt til O Ciaduiilly narrmviti; spnee. Tlie stnte nt niisiue" at present: Rives nine pieiu. ise (lint tlie requisite fnii-p te carry tlie peniliiliilii In the opposite end of tin arc will net he fuitliceialiif; in the inline iliute futuie. Itrnkernp ndvlcc nre In Ihe main iicalnst evlenslve commitments en Hie Unix ncceiint. Meney conditions are lil;evvle a ilcteirent. Iiuester (i really Favored The mi face nspect nf IhiiiR i net (nreuriiKiiiK te the "pcciilutlve frnter nlty. On the ether hand there is much In embolden Ihe investor te leek nhetit Mln and elieuse with discrimination. That Invester aic ciiKiiRed iu delux Ihi wn eiiileiit from the slreiiRtli tin ili'il.vinK the stock list in the current week mid in the week before. It wn observed Hint price 11101c easily ad vanced I ll II It the 1 eroded, but Hint the scnin of Ihe iidvnnci 11 well lis tlie decline was rather closely circuinscrihed. liapteved fundamental ecoiieuiii' con dition have net bei enie siifliciently piutieiiiii'ed Hint lie wim tun may tend them. They must be sought out and appraised, the occupation of the inves tor lather than the speculator. A sub stantial pcri'1'titite.c of the clops have hei'li miiil.ctci mid liuaiiccil, as the case may be. I.iiiiiiilatieu of cniuiiicrcial paper ha iucieiisisl largely, llusine lui'tiics have been less i)ii-iiciiiiiis than ini'ilit tcii"eiinblv have been cMiccted. .Maiiiifuclureis and wliulculci hnve Koue tlneili'li the weist of the leailjllsl iiient piecess 'I'hej have only new te await the limit "tiii:i' of the ".line precc en Ihe pint of iiMaller", wliieli will come after the holiday". Per this iea"en Wall slieet eipccts a period of quiet of several month, net feiKeltiiiK, hewcvei', that the stock market tit some point, pel Imps nut far distant , 111:11 heln In discount the "piiiq; husilies lcvival. .Meney Still 'l'tKlit The iiultiey uiuikct failed In ilispln.v the ('Use whli h wa iiiucwliiit pieina duel atiticipateil 11 week or two ax". On .Miimla.v ami Tuesdat call leans were lenewed at (I per cent, the late iiilvaiK iiiK te 7 per ceiil cull ila.v before Ihe I'lnsim;. In Ihe ii'iiiuinder of the wee!, the uiievviiiK nnd liuiniiiK inle wen' alike, 7 pel icul. The ile uiiiiiil Inr in 1 1 un nit nlt.it ici 11 v. 11 iiiiideialc iu bulb tall nnd lime funds, n in I the siipiily ilwiiulled after iclntive plenty. The iciiMiii mm nut far te seel.. The hiirdeii of Ihe lunik" iu cnn.viui ac cnuiita tiitaiiist the Imliilii.v seasiin has been 110 Unlit one. The Dei ember 1 lllillliciiiK wn In be lakui euni of. The -liilt i 1 1 x of fund iiii'lilental te 'iiverii nii'iit payiuciits lallini; due diiriin; Hie 111011II1 wa le be iiiuiileii. On De ccinbei' l.'i cuiipeiis of Ihe I'iist l,ibeilv lean and of the Victer unit must be paid nnd ut the same time Ticasiir.v i cililicale nf iuili'litedlii'ss in execs of .jTtlll.tMltMKIII. le be followed hj the middle uf .laiiitar.v b an iiddHIeiuil total of mine than XlllKI. 00(1. IIIII) If the iiii'uiiiiiii iid in i 11 1-1 1 nt ion null ('en Kicss lake Ihe slop of finidiuj Ihe puh lic ih lit, a ha been widely discussed, Ihe bunks will be icllcved of the i'ii -ci miieiil's Iiii-i short lei 111 beiiuwiii'-s. Outsiiiiidlui' obllieatieii" of that cliarai. -ter between muv and next Aiiuust 11 k sn-satc iippieiinati' $1,7(10.000,000. Inherent Soundness The iiii'iiuiiii,' of Ilii le Hut leutitiy't, iiidiistrv mid In the hiiiil, themselves I manifest. As tlilii arc new these Interwoven inteiesls me stilKKeriii); iiIuiik mmifull and with 1111 11-lenishiiiK diplii of snnKtli. which .speaks eln qui'iitly for the iulieietit seundnes" of the iiatlnn ami it iiislltutieiis. Ilusi iiess i" bad uiilv lelativel. It I net had in the lliirupenn sense, where thele me nunc clement" nl pei iiiiiiu-iiee in ad mi iiiilltlniis Hum tiic ceinfni table In iiinteiiipliite. The trade juuriiuls ilc lultil belteinieiil iu both business nnd si ut uncut iu the last week, The me, nub nl. shu. te appear ami have 11 fac nil. of fnillm fiein time te time. 1'ilee have 101 oiled Milliciciitly te attract the Im 1 is" inteiest, inen HieiibIi he ma.v be Inalhe te imilielpati- loe freely lest a -till fuilhef dot line should come. As iu biilh slecks mid 1 ominedltios there is a leiiilencv te leek for bottom levels, even dillieull nsi it may be te receKni7.1t llii'iu when they come. 'I'he prudent uidivldiinl docs net hu.v mine than lie must until he fiel" juiee, an. what lie cuii afford le pa., hut it is human iialuie In want te bit nt less t ti 11 11 can he afloiileil if thele Is any prospect whatever of such a happy oppeiliiuilv . lkllKlllli biinliliK I" the nut ill 11 1 uflef liialli of war cxInivaKiiiice -si mm , .i.."- V" " 'u III- ... . . . . . . .. - "u ' i,tr f 1 I I "ll" r-iiiii I" I Oil'i . k 7J "'si- ' I. llll 111 .','., . ,10. lli !H -i- l.lbcilv ls I" Ml s m; i"d I.iherly 1st !,., Xt.'jn m; hj I.ilieily 'M -His . .S,".i( ,,,-, : l.iberl .'Id I'i . ,SK (! ss i; Libert 1th -1'is .s.-.7l .s.-,C, Vie'tv Vetes .'l'',.s !l.-..- I !i,-,, Hj je'lv N'utc" l'',s, !l,"i iii; pi ,,,, 1 I u- ',10 III Ml. nil Ml 10 N'i IIS ,".s .'IL' .s." 70 '.I.-1..1O I l.'i el Twentieth N. Dakota Bank Closed lllsinnr.il, V, 1),, lei I e,.,. ,,,t ihe sveurlty .Slim. KntiW. at M0I1.1II N I', Wllllltl lint Ciprn fill ItilBln.HH ..ll'i v .i . nt'i Ivnl IIiIh iiinriiliii; hv ci p (,ft 'in Hlul bank exaiii'tii'i ' Uins i,,i,k 11. nil) lianlf ch hi d In Hi, .!,,(, 1, ,uuse uf deplete i i n 1 ,i h Philadelphia Markets j WHEAT KcIpU, 2,0J buhl. -... ket nominally firm at unchanged price,-,, rll 1et, new, In expert cJovnter Ne. 2 rei fBi!,. inr, i iMi.uni ise, z rca winter, nruv MH25tlS7. Other n-rnde, quetM m .v.. fidlewlnit ncheijule of disceunts: Mlxeil -h... ..w u..v. .. .,..,-,, u. wneai ae in' Ne, 'J, Ne, 4 wheat 7c under Ne. 2, s- . wheat lie under Ne. 2. Sample aicertinr tu (uu Illy. , COIt.V lteceltit. 778 bushels. Tlrm am lilnher fit $1 O9W1.04 ler Ne, 2 yellow (IATH Ilecelpta, 8720 bushels. Market til. vancfd l'4c Car lets ns te locatienNo 5 vhlte, O'-'iinrtci Ne, a white. fJtH02 ' i''l.iiuii iicceipiF, 000 Barrels and 1 ;ej. .1811 biirrels In sncki. The market was q,' hut steady. Quotations v.r,i inn ,. pnel:e, In 140-lb. Jut ftnehs Peift (.,,, stralKht. western, JOOO.DOi de, de, n'rhv ,2SHH80; hard winter Straight Jl, iijeal tV. short patent. lif(i f,0i s'rlnie "flrst elwr JSrl.0O .In patent. J8.7Bee.2tl; tie,1 c,h" patent. $0.jl!l(!f U.7.11 fancy aprlni arid e if! mills patent family brands, MO.BOCfll nil Heur, J'HTiD.t'iii. ' "' phiivihiij.nh .imrket weak. Quotation, lieef In setx, imieked and alr-drled, nv V,&,.4 Irtieslit a rit-1.1 Idnileiea aMt,U..I a ' niiuvnici tiu irnutiei ailiuivn llnl AlF . B4ci perk, fnmlly, H7i hams, An mretl, loose, 2S8e2I)c: de, sklnn',1 Inr,.. -.in iittc. ue, tin, piiiuKer. ivsc; tism lielleil, boneless. 40c; picnic shoulders IS r cured loose, 24Hei de, smoked 20Hc, Wll'u. In nlrkle, loose, 25c; breakfast bacon. Sic' lard, 21c. HPTTUn Unsettled anfl nominal Queti. liens were. Selld-paeked creamery, fanci hliih-scerlntr iroeils, BOWTiSc: extras, Met ' Iru tlrsta. M04c; flMits. 44nlc; seeenV. S.igi2c, sweet creamn'. chelcs te fsnev' !l76rR0e fair te weed, 40W5ne: prints iebblitz at (IKrroOe for fancy, and B1803c for fir tu choice KIK1H Quiet nnd unchanged. The cmets liens: Nearby Orsts, S2WS40 per dei nearby current receipts. SOe! nearby ordi erdi tinrv te fair, 70W7flc; western estra flnia a2Af(4ci western firsts, 77 80c; Inferior lets lower; fancy candled ears Jobbing at OSffl (He; fair te choice. KSet2e. I'llhlKHE Market nnlet and barely slesd, Qiintntlens; New Yerk, whole-milk, flats fancy Held. 8t?28Hc, de. fair te nvd, held. 2:t(ir27ci de. fancy, fresh. K92f,At On roinmen te fair, fresh. 22024c. Ixint. Iitirni, held. 2bc. de. fresh, 2Hk 29c, slnul. Daisies held. 2H(?28Hci de. fresh. 2BJ!7is, Jeliblnre ssles of fancy held iroeds, aOOSIe I.IVK 1-eri.TIlV S-ewla. line heavy, 2 ft 30c: medium, 2U027e; small and Interior 21w24c. white -Rhern fowls, 21J8e eprlni; chlcknns. fancy reastltur steek welih Put 4 lbs. and ever nplece, 252?e. ordinary. 22W2lc. white I.euherna. 2202ae. ell roosters. 20c. ducks, old. choice, 283r--; de .Vinsen, 1, 21 iff 22e; turkeys, fancy. 4llff4i' erillnir. 3.440c; Bees. 2BW800, plrfOrm per txilr. ft."iQ40c; milneas, yeuntt, rir p.lt vvelahlna IS lbs. nnd ever apiece, tHil 10 smaller slrt-s, HBOIiOei de. old. per pair, fV imUPSI'U lOlILTnY Turkeys, fancv Delaware and Maryland, B800e; ether lieerby, ntWOl'ie; western, dry-packed 488 file, de. Ire-p.icked. B2B4c; fair tn ceed, 3,'i5'4!Ve; fowls In boxes, fruh killed, 4'4,"i lbs. and ever aptere, 81;. M'l8lilnK 4 lbs.. 37c: vvelahlnc S'i lbs., 32$ 11.1c: wrlnhlnpr 3 lbs.. 801931c: fowls, fr.ih killed, Jn Mils., dry-plckee), welKhlnit lv lbs. nplere. dry-packed, 30c; de, lr-p'kM 32c, exceptional leta of nearby ateck hlhr welKhlni .IH lbs., 27?.10-: wtlnblnt a lbs, nnd under. 246t2l)c; redctln. (hleliens, western, dry-packed. In box.. elKh1nic 4'4 0B lbs. and ever apiece 3V. de, welKlilnrr 4 lbs., 8M?r3(5c: de, welnlitn r.'i lbs.. 32iTA3c; reastlnsr chickens. et. ern, Iced, In bbls., welKhlns 4WB lbs. n1 ever iiplectv 32(i33c: de. vvelchlnir 34 'b nplece, 301331c. fryers, western we(btr 3 lbs apiece, i.'7T2Sc: broilers, western dry-picked, weluhlnit l',4 2 lbs. apiece. Ill (1)450, broilers, western, smaller sites, 41ft 42c. broiler, nearby, welihlnt IH 2 lbs nplece, 4,7ff47c; brellera. nearby, small'it sizes. 42W44c, reaetlnc chickens, nearbv, welKnlim 4 fex" .' lbs nnd ever apiece. .1SCI7-. fryers, nearbv. welKhlnit 3 lbs. nplece, ancf 32c; old roosters dry-picked, weetern, 2 de, southern, 20027c: ducks, western fancy, 3.1CT40C. neese. western. 3032r culnens. per pair. sprlM, J1.2SO1.80. de, old. M)W 110c. Raw Sugar Steady at 4?4c Sen Vnrl.. Dei I - Tlin i,i niliiiir nuiil.,'1 11 111.1I111 il iite.ulv 011 the Ii.-ihIh of I , is., ((is.! mid fit IkIu for c'uIium III .iddltieii te Hid NHlt-H leperted venlet.liiv. Infill lellncis 1111nl11iHc.1l lild InllH full lllllv plllll NIIKUIH nt 4'..c, c I f. nnd 20000 biiKs of 1 'iilum fur pieiniil Mliipini'iit .11 I ic, (If. weni in u im. vnle uptitiliii linpiiil.illiiiis liicliideil sici.:;7! b.iKH Ciihns ,ind 17,1. 10 i)nt;H ura. Uh le tin- Niillnniil NiiK.tr Ce, KG 1 luiKs I'lib.iM mid 4H7I baits IViun te tie Win 1111 Siiitar Itellulni; i'u, r. 7 1 1 1 Iiiikn Pel un In the Amei linn Huijar Ce nnd .'.(H)ll Ii.ii;h Hlll.ilH Iii llie I'ldciiil SlIKUl Ce The 'nt nl 1 1 fluid uiiirlii-t Ik uii (hiinricd DIVIDENDS DECLARED Armeui U.itli. r ru. minn, rl p, 1, r e-e ni en pr ffir.tl luiwibli. Jimuuy 3 i sli" I, of lei nl, llri , ml,, 1 1,, It .1 It'Wlnlils leliiiiet. I'e tialleiv "11 iiiiih un . .11101.11 hiuI iiiiiiinnn , um) V I,.r inn en ,.f.r..,l imjhIpi, jallllllM t In i"iii Ii of r, 11 1,1 I), leinli. 1 IB I.inl"e Miiiuifiii iiirlim fn tiuiiiierlv et P. 11r1.nl ,111 .r. uri-d i,i,i,i,, Jniunrv 3 "1 '. 'if u.l ln. ml.. 1 ...11 """"rv S 11 1,1. j 1 1. 'i.i .ii. 1 , ,,' I r 1 ,, rt 1 " ' "llll I, III, I" I I ill-IIU, I v, ,1, ... 1 wen, Janiiiii, .'11 :. 1 . , 1 , , r , ,,, n 1,1,1.11,' I I,,I, Jill. U. IJ J lu slijel, uf rsverd U'Limlii 20. AK ur Harvard University Cemmiltce en Economic Research OFFERS TO BUSINESS MEN id Statistical Service, includinf an Initt of Bui'mtu ConcJi'lienj, which bn given a reliable ferecait of commedil price movements since the Armistice. This Service is bated en new melhedi of analyzing and interpreting busintis statistics. It includes also reliable indicts of Ihe rnentj and lecnrilrJ markets, and special studies of eco nomic problems of timely interest arid importance. Price, $100 1 year. Fir descriptive circular and sample pub lications address Committee en Economic Research WAn-menTii norm; CVMIIUIDIir:. masd. Has Liquidation Hun iih 1 euise" If imt. the end cannot be fHi iwii. nnd it-rtnlti Railroad StncVts me new si'lllnir ut most attractive prlcs mill , ill show Bend profits te present pun timers Kind for selected llrt e huc plt-pjired. Scott & Stump Inxestnu'nt Securities STOCK EXCHANGE BLDG. PHILADELPHIA III i:tl111tiRe rhice ' New lnrk CiiutrsTllle. Chninliersliurc, C'urllsle. I'riinsiltunlii Geerge K.Watsen & Ce. Certified Public Accountants Federal Tax Consultants Real Estate Trust Bldg. Philadelphia Grand Rapids & Indiana Rwy. CHARLES FEAKON & CO. 333 Chestnut Street ,1. .MrHAlU-lff cThTI-atieN Sailer & Stevenson 311 AND ClIKITrNT 8TS. BONDS Tax Free. Yleldins Wi'e te 8 LEE, HIGGINSON & CO, Eitabll.lied 18 COSTOM' MEW YORK CHICAGO We Invite Your Account Third National Bank Opposite Brend Street Station RUNNER WANTED hv si one i:x--Ni4''.'-rP,Virn STXTIXII AUK. HAI.lll lVli; llltlKl' Ol'TMNi: 01' .'AH I IAI1- lllllM'l 11 10R. i.i:n(ii:it eirici; Vs- Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 103(1 KllAf. KhTATK TIIIIST K'.nO.. Inrstlmile nnd iidlusl imrtnerslilli ' na reriKiriilliin iirreiinln. Ali irriuir V, r. iiKiine inx iiriuriin. STOCK SALESMEN A irdliilile innnufneiiirlnn euni'ijnv "" 11 hill III l.refeir.d slm Ii Is H" ' ,'' 1, i"ili. 1.11.1 Im nl-I' "." 'ui 1.1, '..iii leu wli, In iiiiiiniiit i" 11 I "" 11 inn i.i.niiKH erpicn X 'F04A-, JjffeiSAiiitmtt . &(- rf rMii U - -i-,..,.-J- (. J J-,Afc--- - jU v. m ''''i---- 4 W1."' - fn ntfifflitaij i&h