Evening public ledger. (Philadelphia [Pa.]) 1914-1942, December 14, 1920, Night Extra, Page 24, Image 24

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RW TnlrlJ' HAVE YOU
looked ever your Will late
ly with a view te revising it
under possibly changed con
ditions? A Will made long
age may net be at all in
accord with your present
wishes as te the distribu
tion of your estate and per
haps contains previsions
which today cannot for one
reason or another be carried
out. If your Will is de
posited with us, it cannot
be lest or misplaced and is
always easy of access upon
presentation of our receipt.
Consult Us Freely
Hew Successful
Men Invest Their
Meney
The Common-sense rules of
investment that have guided
thousands of successful in
vestors arc set forth in a new
financial booklet' just pub
lished by S. V. Straus & Ce.
The Heuse with a record of
38 years without less te any
investor.
This Booklet "Common
Senc in Investing Meney"
will be sent free en applica
tion. Write for it today.
Ask for
BOOKLET 495-Q
S WSTRAUS &C0.
'tiiSXIli IK) ln(OT."34T9
Stock Exchange Building
Philadelphia
Telephone Spruce 56S8
38 ye&ra without less
te any investor
A . T.
!W
W:
ffx
rraf
posit
burii
xbil
-
Ten - Year Nete
Yielding 8.60
Net earnings applicable
te interest charges en
the total issue ever five
times requirements.
Company has large
number of customers lo
cated in one of the most
prosperous districts of
the United States.
Value of property and
volume of business have
shown satisfactory in
creases. Write for circular
Bonbright & Company
437 Cheilnut Street
milts et T
Jehns
Trai
'Vi
T3
K-
Philadelphia
New Yerk
Drator.
Specialists in
OHIO MOTOR. RUBBER
AND STEEL SECURITIES
COMPLETE SERVICE
In All Ferms of Investment
Main Departments
Investment, Brokerage
Acceptance, Liberty Bends
Foreign Exchange
Statistical, Ohie Securities
Extensive Private Wire
Connections
M
17
Members of New Yerk and
Other Principal Stock
Exchanges
OTIS& CO.
Investment Bankers
CLEVELAND
Njw 1 nrk llnelnn Detroit
CI ii rln nut! Cnltimlnin Teledo
.Mren Yminrtm n Ilrrurr
Celnrailft Springd
Amcr. (ias. & Elec. (is, 2011
Liike Superior Cerp. 1st 5s, 19 14
Int. Kdlsen 5h, 1922
Salmen RUer I'r. 5s, I9,V
West Pern. I'r. lis, 19.r8
West. Penn. Pr. 5s, 194(5
B0ENNING, GARRISONS CO.
STIKK KNCHWIiK IU'IU!N(1
IHrrrt I'rhnlc '1 r lnhtif te Nn erk
Mtiulirrs 1'liMn. Merk l.'irliumr
'
.'
,.
Vr Hecirmmriiil fur Immlment
WATER POWER BONDS
Ne labor troubles or cml nhortnffe
Peana. Wafr & Pew'r lit M'g Si
Shawinigan Wal'r & Pew'r SJ2i
JosepKW.Gress &Ce.
1421 Chestnut Street
Correspondents
Aid red & Ce,
raw
lc$ )-
h
1M
ru
r!
n4t i thV
MARKET PUT UP
A BETTER FRONT
Little Evidonce of Recent Heavy
Selltng for Tax Payments
Tomorrow
New YerUi Dee. 14. Today's stock
mnrket put up n much better front nnil
while the operations were mnrked by
cnniide.rnble Irrcjeilnrlty Rains exceeded
declines. One of the mere striking de
velopment wnii the conspicuous absence
of the rerent heavy liquidation for tax
payments. Apparently these require
meats were completed yeaterdny. Con
trary te expectation, there wns virtu
ally no "cash" selling nnd what few
soft spots were uncovered were con
fined te scattering parts of the list. On
the ether hand, some of the recent
hard -pressed speculative favorites made
MibstutitiM rebounds, disclosing uncom
fortable extension of the short interest.
Although the tone of the opening
mnrkrt was uncertain there was every
evidence of organized support te check
further aggressions en the part of the
bear contingent. There was some be
lated selling orders te crop up during
the early trading but here was no signs
of the heavy selling pressure, witnessed
in the recent sessions. The reaction
ary party iiiihIu an unsuccessful con
test of the ralllts, although it did
, succeed In uncovering weakness in some
1 of the meter specialties, miner steels,
i centicrs. Sears Roebuck, some of the
sugar shores anil People's Gas. Most
offerings, however, were freely absorbed
and finding they were making little
!irailwn there was a generul shifting of
I position in the second hour, which was
i lOIIOWCil UJ Ullininiea rrrnvtura uii
I along tlie line.
The oil group, which constituted the
weakest feature of the preceding ses
sion, led the reversal movement at ex
treme gains of '! te 5 points. The
shipping und equipment shares and the
rnllreuds also made substantial upward
progress. Central Railroad of New
Jersey recovered u large part of
yesterday's 15-peiut less. Hut all the
rails did well, with Reading the ac
cepted leader.
L'nited States Steel was another
pivotal point, and ita elevation above
71) was followed by a further hardening
1 of prices all through the list. The re
covery, furthermore, was given addi
tional impetus by the maintenance of 7
per cent call rate. The supply of funds
was net everplentlful, but was sufficient
( te meet all requirements. The general
list rased moderately before neon, but
' In the main the tone remained firm.
better absorption
IN LOCAL MARKET
Continued Heavy Selling in
Scattering Parts of
the List
Liquidation en a further heavy scale
continued in scattering parts of the list
in today's local market. There was a
much better absorption and In conse
quence, price chenges were relatively
unimportant. The only wide range oc
curred in Electric Storage Battery
which hud n spread of ever 2 points
between 03 and W, landing at the
higher figure.
Dealings in I'nited Gas Improvement
continued en n fairly heavy scale with
the stock equaling the low of the year
at 18. from which it rallied te 28.
The changing of handM of a block of
1000 shures of Lehigh Navigation at 70
had all the earmarks of the new familiar
operation of establishing losses for In
come tax payments.
Transactions In Pennsylvania Rail
road were also unusually large between
40 and 40 &. Philadelphia Electric
shaded te 21 V, en what appeared te be
celling of se-called tiredhelders. The
preferred continued well sustained at
27Mi. Further moderate liquidating
.ales appeared in Philadelphia Rapid
Transit, which )ielded te 14. Union
Traction en small sales dropped back a
neint te .10. thereby forfeiting all the
guin made en the Superior Court deci
sion upholding the validity of the rentals
of the underling P. It. T. lines.
Ametican Ship and American Stores
were offered freely, but were each well
taken. American fSas in odd let trans
actions made a new low at 28.
Chicago
Detroit
Philadelphia Stocks
1:18 Net
p. m. ciigjr.
40Vi
Hllh
at)0 Am Strs.. 47
1000 Am Ship
& Cem Wn
10 Am Ces.. 28
fi.'l Am Rwys
pref.... 18
lOOtAtchlsnn. 7HV,
Lew
20 Hj
28
18
711
S.V,
1
31 1.'
10 Vi
113
0
28 1
18 ..
711 1
80 1
4 ..
31
10 V4
1)4
13
12..
28
t.m !iigar.
80
2.' Am Pipe.
20OtII & O.
."lltCuhan C,
4
31 "J,
Sugar . . 10'a
M)4 I'.lecSter. !I.Vs
OOtfien Met 1.1
13
loot I n Nickel I2',i 12
M."i I Ce N A 28V, 2Si)
a.SKev Tele
pref .... 20V, 20-
220tK'iuiei'et 17 17
110 Luke Sup 8V S'i
1031 Leh Nnv. 70 70
40 Leh Vnl.. 52 M
200tMen Sug ('. 0(1
intMldvnle.. 30 K. 30l.j
lOOtNer Pac. 74. 7 Pi
ll Penn Cen
Light.. 40 40
1744 Pa It R.. 40U 40
12.1 Pn Salt., till 0.VS
15 Ph'.la C
rum pf. 30i; ;n
1751 PhilaKlec 21-V4 W
107 de pref. 27 27
825 Phlln R T 14 14
17tRay Cens 12 12
tOOt Royal
Dutch.. .13 53
lfltSI.&H W 213, 21
7150 Tone Mln 1 '. 1 'it
105 l'n True. 30 30
1JI07 I' i III. 28 2.S
12 I'ni Ces
N .I...170 170
20 . .
17
s
70 ..
52
(1(1
30
74
10 ..
U)
(111
30
21 . .
27
14
12
r.ri va
21 -i
:tti l
170 ..
200tCtah Cep 50 50
r.e
JOOtrHHub. MVi 04 04V4 l-ji
WKitViuiniii'm an nrM naavj
i!." Wnr I AS 7 7i 74..
iNet rhanae made by romparlaen with Uat
nit) en Nw Yerk Mt.ck Kscnmifr
Kalea In
IKIM1K
11.1
Net
lloen lllnh Ixjw n m chae
lllnh l!W
V1 lll'll 'J 01 JH.IWr! IHI"J l"l?4 "H
'-' I.eliiRli Nnv
cenn 4!'. fi41ti 8l'j 84 Vi U
!1 I,c1iIkIi ViiI
aim Us ..1011 UKI 101) ..
'i Mb Howls
M'ik .... M).W) 81I.MI 80.80 .1"
.'Mi 2i l'.H... 8.1.II4 81.(10 84.110 .41
"7.20 .'Id 4,4m. 88.00 87.50 87.74 .1(1
HI-20 4tb 4Vi 8.1.81 8.1.10 8.V 40 .4(1
.111 11-10 VIp4 Oi'.74 0.1.10 0,1.20-. 20
loe .ie nH.. 0.1.24 en.22 nn.22 . 02
2.1 I'nc rower
. Meht .In 78 78
lOIIiilu lClec
Int 5c... 80V. 50
78
SO
CO
1
12 Pub Scrv 0 09V- 0Q
iJVElrflNa PUBLIC LBDaER
NEW YORK STOCK EXCHANGE TRANSACTIONS
niv,
In t
1:80 Net
Last Chi.
26V4 - V
Salts
tee
100
300
noe
tee
2100
tee
1200
100
1500
1000
1?00
400
2000
100
High
Adams Express. ..... 2 On
t.ew
3W
15H
MJ4
!:
28H
sm
43J4
47
57
23
79
122J4
8J4
ten
7K
115
7
43 f4
39
30
53 J4
79
07 Ji
8H
8Ji
39
8l
89
30 Ji
84
100
8Ji
97M
110 Ji
87
107'4
02 Vt
02 Ji
33 54
054
37
5
18M
9J4
78J4
74J4
5M
105J4
53M
11J4
10
85 Ji
30v
23
38
107
105J4
2H
101 'A
51
BH
OH
3H
80
4K
8H
13 H
01
21
43
lllji
38
87
190
25 H
72J4
my
m
ty
17
25J4
38W
64 J4
08 H
83
23 M
55J4
G4
2Sl
18V
48JS
20 H
25 Ji
10
5SX
40
34 Ji
0t
77 V
18H
CO
5J4
05
29
81
84 M
26
19H
OBI,
26
15
08
218
1J4
10
15 Ji
52
HJi
17H
12K
50
71
85",
10 M
13J4
tJi
52
32 J4
71
64
HS
81 Jj
118M
3J4
12H
O0J4
60
70 Ji
30
73 J4
25
10H
14
31
15
50
7914
9J4
84 H
K
30
3H
OJi
10J4
45M
95
U'4
48J4
12Ji
80 M
47H
21J4
31Ji
4
3Ji
l6Ji
.. Advnnce rliimcly.... n
4 AJux Tlubber 2!4
.. Alaska Oeld Mines...
.. Allehgny AW OK
.. Allied Chem A Dye... 45J4
4 Allls-Chalmers '!.
8 Am Agrlc Chem H'
4 Am Dank Kote 43H
8 Am Dcet Sugar 40 Ji
10 Am rtesch Magneto.. 57 Ji
. . Am Can 24
7 Am Can pf 794
It Am Car ft Pdy H4
7 Am Car ft Fdy pf . . . . HVa
.. Am Cotten Oil 17
e Am Drug Syn 1M
0 Am Kxprcsfl 118
., Am Hide ft Leather.. 7!4
7 Am Hide A Leather pt 42i
4 Am Ice 30
. . Am Intcrnat Cerp . 37'
3 Am Linseed M'
0 Am 'Locomotive- 81
.. Am Itndlater Ce H4
.. Am Safety Razor
.. Am Ship A Cem H
4 Am Smelt A Itef 40 Ji
7 Am Smelt A Ref pf . . 81
8 Am Smelt See A 80
3 Am Steel Foundries.. 31K
7 Am Sugar Ref 0
7 Am Sugar Ret pf....l00
10 Am Sumatra Teb.... 8Ii
8 Am Tel & Tel 08
12 Am Tobacco Ill
0 Am Tobacco pf new. . 87 H
It Am Tobacco D 108
7 Am Woolen J4
7 Am Woolen pf 92'
. . Am Writing Paper pfS4
.. Am Zinc Lead A Smlt (4
4 Anaconda Copper.... 37 H
. . Ann Arber p' 25
4 Asse Dry Goods 18H
.. Atlantle Fruit OH
8 Ateh Tep & Santa Fe 70 Ji
8 Atch Tep A 8 F pf... 74
.. Atlanta Dlr A Alantlc 5Ji
10 Atl Gulf A W I 8 S.'.HO
5 Atl Gulf A W I S 8 pf 54
.. Austin Nicholas 11 'i
3 Aute Sales Cerp pf... 10
,80 naldwln Locomotive 88
.. Bait & Ohie 31)4
1SH
3IJ4
1
OJi
44H-
29V4-T
5H
-51
J4
33J4 79 -124J4-8J4-16M-
Yt
'"J4
3
H
I
1J4
H
' H
1700
100
100
tee
400
200
4200
100
1000
100
1700
2100
400
S00
100
000
2)00
aoe
(00
noe
700
200
800
7300
aoe
800
aoe
1800
tee
200
300
3000
700
400
1700
300
500
100
13100
4300
100
7J4 -
115 - 7
7 - Ji
4X Ji
39
37'4
J
V
39 -83'
-69
-31
H
86
100 -88Ji4-98
111
87H4-107J4-
1M
V4
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I
V
X
IS
Ji
Ji
V
Ji
Ji
l
3'4
"l4
Ji
H
"'ji
'
V
02K .
33 J4-
6J4
37H-T
25
18K
9M-78J4-74
5M
110 4
64 11J4
10 88
31J4
23 -30
107
105J4-
" V
"m
i
. . Harnett Leather 23
200 2.80 Barnsdale Class A.
30
loe
Barrett 107
eoe
1200
300
4200
200
800
200
100
300
200
700
400
1100
2800
100
2700
2800
100
350
200
2500
8200
300
500
500
4200
(300
200
2800
100
8100
1000
2500
3900
1500 :
100
1700
500 ,
4000
300
100
100
200
1900
tee
100
1100
8100
8 Barrett Ce ctfa of deblOOH
.. Bethlehem Meters.... 'Ji
8 Bethlehem Steel 8 t(102y4
S Bethlehem Steel B... 575;
.. Beeth Fisheries SJi
.. Brklyn Rapid Transit 9Ji
. . Brklyn R T ctfs of deb H
.. Bruns Term Hi
10 Burns Bres 80 H
.. Butte Copper A Zinc. li
.. Butte ft Superior Cep 9i4
.. Cadde Central O A R 13 H
8 California Packing. . 2
.. California Petroleum. 23J
4 Calumet A Arlxena. . . 43
10 Canadian Tnclfle 113
.. Central Leather 38H
7 Cintral Leather pf... 87Ji
8 Central of N J 191
4 Cerre de Pasco Cep.. 28J
10 Chand'er Meters 73
4 Chesapeake A Ohie... SS's
. . Chi A E HI Kq T ctfa OVi
. . Chicago A Gt West. . . 7W
.. Chicago A Gt West pf 17V4
2M
102'i4- 3'4
52M4- 1H
3M-
9Ji
Hr
394 4-
804-4M-8H4-
13 M-
01 -23X4-43
4-
112 4-30H-f
87Ji-
190
26J4
73 -6614
17J44
2714 4-40fJ-t-64
J4-
Chicago Mil A St P.. XV
Chicago Mil A St V pf 40 ?
Chi St P Minn A O... 04J4
Chicago Northwestern 70 H
70J44- IK
Chi Pneumatic Teel. . 03
03
24J4
-28M-18-4-48J4
4-20M4-25
J4
10J4 4-534-48
-
:4ji-
6J-4-
78 4
18 4
60 -5Ji-7
20J4 4
'3 -r
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19H-6J4-20
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.
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10Ji
15J4
5.1 4
WV4 4
18 -13J4-T
50 -
72 -85'4-10K-13J4-
2
52 -
35J44-73M4-54
-88
8214
119J4 4-3K4-12
J4-00J4-60
-70-36
-
73 -r
35J4
31
1
50
80J-r-0J4
81H
C'H 30K4-
3It
9Ji
10J4
45K 49i,
Chi R I & Pac 34V4
Chi R I A Pac 6 pf 58J4
Chi R I A Pac 7 pf G8'4
.. Chile Copper 28V4
,50 Chlne Copper 1RH
8 Cluett Peabody 48J4
.. Coca-Cela 20H
3 Colerado Fuel A Iren 25 '4
1 Cel Graphopheno. . .. 10 J4
8 Columb Oas A Elec 53J(
4 Cel A Se 2d pf 40
4 Cemp Tab Records... 34J4
2 Cen Interstate Cal M 0&
7 Consolidated Gas .... 78
3 Consolidated Textiles. 18
7 Continental Can CO
1 Continental Cendy .. 5H
4 Cern Products Ref. . 07
1800 3. SO Cesdcn A Ce 20A
8430
8 Cruclble Steel 84
100
1100
700
310
100
2310
710
100
000
300
300
700
3000
2500
100
1300
200
100
400
000
5V0
200
5500
ene
200
100
300
1789
10075
32200
100
500
100
3200
2400
2500
2100
200
200
200
100
000
1100
100
100
1,00
1200
700
200
tee
4110
1300
inoe
2.100
200
200
1200
tee
400
100
100
7 Crucible Steel pf 84
7 Cuban Amer Sugar. . . 28H
.. Cuban Cane Sugar... 19!4
1 Cuban Cane Sugar pf 86J
I Davisen Chemical Ce. 28
t.8fl D'bcers Ce 15J4
0 Delaware A Hudsen.. 90H
10 Del Lack Westi'rn2I8
. . Denver & Rie G pf . .
1 Deme Mines
.. i:ik Hern Ceal
S Entllcott-Jehnson . . .
.. Krle
.. Krle 1st Pf
.. Erie 2d pf
8 Famous Players L. .
8 Famous Players pf . .
1J4
1014
ISM
53
1'iW
18K
1H
51 'i
72
10 Fisher Bedy 854
.. Flsk Rubber 10
. . Freeport Texafl 13J4
.. Gasten Wma t Wig.. 2
2 Oen Am Tunk Car . 52
. , General Asphalt . .
8 General Asphalt pf
6 General ClKar . . .
7 General Clear Df .
35 Ji
73 Ji
54
88
7 General ClKar def pf 82!4
8 General Klectrle ....11014
.. General FJectrlc rts.. 334
1 General Meters
6 General Meters pf . . . .
fl Oen Meters deb 6 .
7 Oen Meters deb 7..
13 H
66J4
0U4
?04
3014
7a
Goedrich B F
Great Northern pf .
Great North Ore ctfs
25 '4
Green Cananea Cep
Guantanamo Suk Ce.
30
14
. . Gulf State Steel 31
.. Hendee ctfs 15
HemeaUke Mining ... 50
. . Housten Oil Ce 0H
t Hupp Moter Car 014
7 Illinois Central 81 H
oe Indlahema Ref
4 Inspiration Cen Cep.. 30fc
. . Interb Cen Cerp . . .
. . Interb Cen Cerp pf. .
. Internat Acrlcul . . . .
5 Int Agrlcul Cern pf-
7 Intl Harvester new. .
. Int Mer Marine. ...
n Int Mer Marine pf. .
. . International Nickel.
n Inter Nickel pf . . . .
. . International Paper .
.. Invincible Oil Cerp.
. . Iren Products . . . .
. . Island Oil
Jewel Tea
2 Jenes Bres Tea
3M
914
10 V4
45J4
054
12
40 !
12H
80 Ji
47 H
22
3l's
4K
3ii
1K
Ilrcauaa et the rrlppli-d llcktr nrvlca the above quotations
534. or 126.16
year.
Financial Briefs
The reported plnn of the Itejnl Dutch
Petrelnuin f'e te Irsue new Hteck ):a
heen poiipened due te unfaNoruble mar
ket condition!!.
On the sale of OOO HhareH of Texim
I'nrltlc land truat certificate)! yesterday
the price lirnki- US pelntn net te 210
The lartf lem In this Ib.hue w.eji the cu
.n.iintive reflection 111 a relatllv Inac
A shan decrease In earnings was
shown In the annual report of the Cana
dian Car and Foundry Ce. for the year
ended September JO. Issued yesterday
Net prelltH liefore allowance for BOV
ernment taxes were 163H.397. equivalent
te 17.19 a share en the 17,600,1100 pre
'erred stock, airalnat $1,887,634, or
'J5 10, In the preceding year.
The number of stocks, both common
and preferred, traded In en the New
Yerk Stock Exchanire yesterday was 405
Issues, a new hitch record.
tive Bleck of the Hteady market decline
In reiient week This lsnue Held at 420
enrly In the year.
Thv a erase price of twenty active
Industrial stocks declined 1.68 per cent
jpHtrrdiiy. ebt.ihllshliiK a new bottom for
the vear ui 70 18. while twenty railroads
declined 1 12 ptr cent te 71.70, which
was also the luw li vel of the. year.
Ker the (pinrter ended .September 30
Whlte Oil Corporation rejwrtB net
profits, before depreciation and federal
taxes, of (1,300,734, equivalent te 12.07
a chare earned en the. 630 0011 sharea of
capital Hteck of no par value Ker the
nlne months ended September 30 cor
poration report net profits, before de
preciation and federal taxes, of 13,621,.
ins, equivalent te 16.69 a ohare eftmed
en the capital stock,
The Canadian Car and Krjndry Ge's
annual reiert for the year ended Sep
tember 30, shows net prellta. subject te
ftevemment tnxei, of 1639,397, equal te
17.19 a share earned en the $7,500,000
preferred stcek, ea oemiwrtxl with 1,887,
Raw Sugar Market Easy
New Yerk, Dec 14. The raw market
continues e8y In addition te the sale
of COO tens of IVrua at the equivalent
of 4.7tle, duty paid, sales of 10,00 OhiiKS
of Cubiis from prompt shipment were
made te a hlladclphla refiner at 37ic,
cost and freight, equal te 4.89c, duty
paid. Importations en Monday Included
21,100 baRH of Cubus te the National
Hutrar IleflnlnK Ce,
New Yerk, Dec. 14 Arbuckle Hros
have reduced their price for refined
sugar 26 points, te SVic, for flue ranu
lated, prompt delivery, less 2 per cent
for cash. II. II. Hewell & Sen have
lowered their nrlcn 26 oelnts. te 8.60c.
for tine trranulated, less 2 per cent for
cash, as has
lining Ce. The
sucar in the
lias been cut,
- PHILADELPHIA,
,H- lh
.. Kan City Southern... 10Ji
4 Kansas City Seuth pf 41
4 Kelly-Springfield Tire 35
3 Kcnnecett Copper . ... 17 J4
1.20 Keystone T A R 7
6 Lackawanna Steel ... 49J4
. . Laclede Gas of St L. . 41
. . Lake Krle A West. . . . 11 H
1:30
LRftt
Lew
16J4
40J4
35
1M
6
4flH
41
11H
60
101J4
lt5i
10 Ji
57J4
43
15 J4
4
3 'A
101
15
11 J4
30 V
10 Ji
68 H
m
3M
16,
36
50
14H
28Ji
45M
106 J4
16 -41
-
35 -
17J4
7
4914
41
11M4-
62 4-
w
300 7 Liggett A Myers pf.. 10114
300 3 Leewe Cp 16H
200 ..Left Cerp 10 J4
100 0 Mackay Ce 67J4
300 7 Manhattan Kiev guar 43 Ji
100 2 Marlln Rockwell .... 15J4
600 .. Maxwell Moter lBt pf 5
100 .. Maxwell Moter 2d pf 314
16500 12 Mexican Potreteum ..165
lOfle 2 Miami Copper 1614
3700 l.fle Middle States Cern... H
4100 4 Mldvale Steel A Ord.. 30 M
100 .. Minn A St Leuis 10J4
200 7 Minn St P A St S M.. 68H
tee , , Me Kansas A Texas, , 3J4
200 . , Me Kansas & Tex pf 4
2300 .. Missouri Paclne 17 Ji
1600 .. Missouri Pacific pf... 36Ji
100 s Mentana Power 60
200 .. Montgomery Ward... UH
100 3.60 National Acme 39 Ji
1000 .. Nat An A Ch pf ctfs 40J4
200 7 National Biscuit pf..,108
100 7 Nash Chat A St L. ..105
100 .. Nat Cleak A Suit.... 27H
200 .. National Cen A Cable 3y
300 e National Lend 68J4
900 l Nevada Cen Copper. . 8H
200 0 N O Tex A Mex 68
100 ie New Yerk Air Brake. 81 H
3000 s New Yerk Central..., 69
100 . . New Yerk C A St L. . 53
500 2.80 New Yerk Deck 18Ji
11500 . . New Yerk N H A H. . 17
100 l New Yerk Ont A W.. 16J4
1000 7 Norfolk & Western... 94 H
9500 7 Northern Pacific 7K
100 S Neva Scotia SAC... 33J4
100 ae Nunally Ce 12
101
16H
10J4
87J4
43
15J4
4
3W
165 4
15 -11M
30H4-10-
68J4-
3J4 4-
3M -
10M4
36 Ji
50 -14M
JSJi-
46V4
-
27H-3Ji-
6B4-
m
57M-
81H-
00 T
63 -
l.H-
17 T
10J4
94 4
75M 33 -12
-10
3-
l
25 '4 1
121 -
14J4-
47 4-
inj4 .
40J4 .
37M .
7
80 -3014-10
4
10 4
34 r
29
70 -10h
73 -10J4-80
4-6014-31
4
12Mt 70
9a 4
101 1894-32
105
27 M
J4
68K
8H
57 M
81 K
08
83
n
1014
16J4
9314
74 W
33
12
10
SJi
4
35
134
14 Ji
46J4
16J4
40K
37J4
75
70 Ji
39 Ji
7J4
86
35
10J4
16H
34
39 H
-.0
10Ji
13
10
70
56'4
30 J4
13H
70
95
100 Ji
48M
31 J4
8014
31J4
11 J4
80 H
62
51 Ji
7
6Jf
28
00
18J4
00J4
52
12 V
18
28
31 Ji
32
.1
13W
0 J4
01 J4
1SJ4
5
37M
23 Ji
0514
22 Ji
18J4
57
G01
W2Ji
27
25
40H
W
12 K
42 y
0
7
41J4
17
38
12K
40
7
36Ji
05
20
112
04 Ji
31
100
05
195H
0
52
10H
04 H
02
10O
31
78
105
40
0
35
20J
8
7
1914
7H
24
68 H
84
04
14
4H
100 2.60 Ohie Bedy A Blewer. 10
1000
40 Okla Pred A Ref 3K
600
300
100
300
200
100
100
1000
6000
100
3500
400
100
1000
200
3100
300
300
100
2000
200
2000
300
1000
1000
300
600
100
1000
1600
3000
100
100
3500
7500
100
400
100
600
100
C000
200
1200
9600
000
2500
100
600
3000
100
700
400
100
4000
400
100
2500
0000
13400
6200
6000
000
05
1100
200
100
4500
ll'.OO
700
200
200
1200
6200
2400
10500
900
600
3000
200
100
300
0700
600
400
100
100
600
100
4000
1800
2100
3300
200
1500
27400
700
4000
200
87OO
1300
600
1400
1700
100
1200
400
tee
300
100
000
000
200
1200
1000
100
4600
400
400
. . Ontario Silver Mining 4
2 Orphcum Circuit ... 3514
8 Otis Klevater 124
.. Otis Steel 14J4
3 Owens Bottling Mach. 47
.. Pacific Devel Cerp... 10J4
5 Pad de Gas A Klec... 46i
.. racltlc Oil Ce w l ... 37 K
0 Pnn-Amcr Petrel .... 78 W
0 Pan-Amcr B 70 J4
S Pennsylvania RR.... 41J4
.. Penn Seaboard Steel. 7M
7 Penny J C pf 86
.. Peeples Gas Chicago.. 3014
.. Peoria A KnBtern.... 10 J4
.. Pore Marquette 16J4
3 Philadelphia Ce 34
.. Phillips Pet 29J4
7 Phillips-Jenes Ce pf.. 70
.. Plcrco-Arrew Moter . 19H
8 Plerce-Arrew pf .... 73J4
.. Pierce Oil 1054
I4
V
J4
2M
Ji
Ji
H
J4
5
1
Pierce Oil pf 80
Pitts Ceal snji
Pittsburgh A W Va . 31
Pend Creek Ceal .... 12H
Pressed Steel Car.... 70
Pressed Steel Car pf . 95
H
J4
1H
Pullman 101J4
Punta Alegre Sugar. . 4DV4
Pure Oil Ce 33
Railway Steel Spring. 80 V4
80-4-
J4
1H
.35 Rand Mln Am Shares. 21 J4
21
1 Ray Cen Copper 114
4 Re,adlne 83K
2 Reading 1st pf 52
2 Reading 2d nf s
.. Rebert Rels & Ce. ... 7
7 R Rela A Ce lBt pf . . . OliJJ
. . Remington Typewriter 29
0 Repuhlle Iren A Steel 61 J4
.. Republic Motertruck . 18J4
. . Reple Steel 72
.20 Royal Dutch N Y.... 54J4
1 St Jeseph Lead 12J4
.. St Leuis San Franc. l'
. . St Leuis San Fran pf 28
..St Leuis Southwest.. 22
. . St Leuis Southwest pf 33
1 Santa Cecelia Sugar.. 3J4
. . Saxen Moter 3
. . Savage Arms 14 Ji
.. Seaboard Air Line... O14
8 Sears-lleehuck 93
.. Seneca Cen Cerp.. .. 17
. . Shattuck-Arlrena Cep 54
74 Shell Transport .... 38H
.. Sinclair Oil 23K
0 Southern Pacific 9714
.. Southern Paclne rts.. 22 H
.. Southern Rail 20 H
5 Southern Rail pf 57
20 Standard Oil of N J.. 608
7 Stand Oil of N J pf..l02J
4 Stewart-Warner Speed 27
4 Strembcrg Carb .... 25
7 Studebaker ... 41Ji
. . Submarine Beat Cerp 8Ji
2 Superior Oil Cerp.... 12Ji
8 Superior Steel 4214
4 Termer Cern A F "A" 30
.. Tenn Cep A Chem. . .. 7H
8 Texas Ce 42J4
.. Texas A Pacific 17 ?
1 Texas A Pae C & O.. 30J4
.. Tidewater Oil rts. . .. 13
0 Tobacco Products ... 50 Ji
H-
82M
52
55 4
1 -
604 4
29 61
18 14 .
1214 .
10-.
28 f
22 -33
3
3Ji4
13H-
0-4
92 -17
5-4
38
12J4
20
57
2'4
4J4
V4
3
3
V
J4
H
H
H
'4
1
J4
J4
Ji
H
J4
M
2H
'
H
!i
H
H
Ji
608
102 H
214
3
Ji
27
25 -41-
8M
12 "14
30 -
714
42
17M
38
14
H
J4
14
H
V
1J4
J4
3
J4
M
V4
2
1J4
Hi
Yh
Ji
n
v
l'4
Ji
i
1J4
"h
" v
J4
1J4
"j4
14
V
V
"J4
'4
J4
'
Ji
H
J4
'4
H
H
H
H
13
50
05 -21
114-4 -r
-
100 -05
107
17H
65H
014
100 -
31
70H
100
50M
9 -
Transcontinental Oil . 7H
Transue A Wms Steel. 3BJi
Union Bag & Paper. . 05
Union Oil 21J4
Union Pacific 11414
Union Pacific of 04 H
United Alley Steel.. . 31 H
United Cigar Stores pflOO
United Drug 05
12 United Fruit 197
. . Unlted Rwy Invest. . . 9J4
3 United Retail Stores.. 83J4
0 U S Feed Prodects.. 18
8 U S Ind Alcohol 65H
8 U S Rubber 64i4
8 U S Rubber lBt pf....l00
fl U S Smelt A Ref 31J4
BUS Steel 70H
7 U S Steel pf 100
fl Utah Copper 50J4
.. Utah Ser OJi
(1 Vanadium Cern 30J4
4 Vu-Carolina Chem . . 30
1 VUaudeu lnc 8H
. . Wabash 7H
.. Wabash pf A 20'4
.. Weber A Hcllbrener. 7W
. . Western Maryland . . 10
Western Pacific 25
fl Western Pacific pf... 68H
7 Western Union Tel... 84',
7 Wesllngheuse A BraXn 04
4 Wtstlnehouse K & M 41
. . Wheeling A L K 014
. . Wheeling ALB pf . . 15J4
4 Whlte Moter 34 J4
40
9
15
34
ISJi
37
sn
32
39
JJ4
mi
0
32
UV
White Oil Cerp. .
15H
B Wilsen A Ce. ...
1 Willys-Overland . . .
7 Willys-Overland pf.
37J4
n
3214
41 W
0 Worthlngten Pump
nx-ilMUmd.
ure net nuariintec.l na iilmelutily correct.
a share In the precedlnB
NEW YORK COFFEE MARKET
Nmv Yerlt, Uei; 14. The peer
Hratil entiles acnln inllueiieed prices in
the lenil cefli'i' futures market this
inernint;, resultine In an nnenine lie-
rllne of 10 te in points, which carried
Murrh off te 0.7.11', or te tbe low point
reached about the inlilillc of Inst Octo
ber. Trnile commission houses sold with
offerings also from wattereil trade
sources. There seemed te be n little de
mand for tlii late months, this buying
bclnB attributed te some extent te In
vcHtinnnt buyers.
During the lute morning there were
no fresh developments In the market,
truding continuing ipilet, with prices
slowly working lower, though somewhat
Irregular,
Ne hpeclnl ruble licit been received
from Santes up ti midday, hut
advices reported no Important
in tin- primary markets, jp fnct, a
further disposition was shown by
shippers te make, sales nt concessions,
hut even the low offers hnve recently
fnlled te uttrart buyers.
en Cleae
March nsuuuii
.May T'jnf, un
July 7 AH (tee
Hepttmber 7 S7Jsu
the American Husrar lie-
DAR SILVER
, Bar HUver was j lower
teUay at tOftd,
price, for refined beet
M chlsan-Ohle territory
te ,ie, ,
TUESDAY,1' t)EfC5BM6ER U 1920
HIGHER PRICES ARE
,
Net
Chge
H
H
Ji
Market Tene Generally Firm te
Streng Whalen Stocks
In Supply
1
..
-
f Ji
3J4
- 1
New Yerk, Dec. 14. The Hrend
street curb market showed a firm te
strong tone, generally, in today's trad
ing, with the majority of stocks making
fractional advances. There were some
weak Issues, however, the Whalen
stocks being in supply, United Retail
Candy selling at 8 and 7. and To
bacco Products Experts declined from
7 teO.
Canada was again a peller of Inter
national Petroleum, nbeut 5000 shares
changing hands in the first hour, from
15 te 15. Hercules Paper wn also
heavy, selling nt 1G and 17. North
American Pulp held firm with sales at
4 and 4.
Hwcets Ce. was steady at 2 and
2. United 8tutcs Oil, which was
steady In it initial trading, reacted te
I). There wus a small amount of busi
ness in American Writing Paper at
4. Aetna Explosives sold at 0.
'
14
1
li
X
2
w
H
i
1
1J4
H
1H
Ji
INDUSTRIALS
Hllh
Acme Ceal
Aetmt Kxpleilvci . , .
Iirlt Amr Teb coup
.. 1
Herculei rnnr
Amer Writ rarer
Mercer .Meters
North Amer I'aper
I'eriecllen Tire
Itaille Cem
ltuitle Cem pref . .
II I Iteynelds (new)
ii j jteyneius prei
Hey de France
.Stand Ons L Elec .. ..
Stsnd (Jaa & Klee Dref.
Hwectfl Ce 2
U H .steam 1
Utr.ted I'let l'red 1
United ltet Candy 8
I'eerleas Moter IN
KTANMAllI) UILH
Stand Oil of N Y 34314 343
INDKPKNDENT OILS
2'4
313
Allied Oil 10.
ArkHtiHKB Mstursi UBS
lloeno UII
lloaten Wyoming
Carlb Synd
Cltlr Herv "II" ctfs ..
Cunlilni I'et
Dcnw Oil
lllk llasln I'et
Knrlncern Petrel
I'eJernl Oil
Itudaen Oil
Int I'etrel
Kny County C!n
Lance Creek
Marncalbe Oil
i
1
a
.Merrltt Oil 11
Mexico Oil
Mldweat lief
North Amer Oil
Neble
Ohie Manger
Omar Oil
Producers A neftneri
Itynn Cens
Suit Creek Tred
Hlmms I'et
Skelly Oil
Un Texan Oil
IK .
Victeria Oil new ....
WeMern Htates
Woodburn
Mnunl Pred
1W
'
IB
J4
1
l'A
'
U S Oil 1V
MININO
Alaaku 11 r Columbia i
Atlanta 1.
Ills Ledge "
lloeth 3
Ilonterr t Mentana 42
Caledonia Mining 17
Cnndelnrla Mining 12
Cens Vlrulnla 3
Certei Silver 04,,
Creaaen Geld 1 H
Dundee Ariz 1 A
Kureka Creeaus 4
Eureka Helly I A
Oeld Cena
Oeld novel 2
(leldlleld Florence 13
Oeld eKwHtiHK 2
Geld Bllvcr l'lck 3
Oeld Zene 20
Oreut llend 1
Kmma HUver
lteclu Mining
Iren Illnaaem
Jumlxi Kxtem-len ....
Knox Divide
Leulalana Ce
MaeNamara
MacNamara Creacent
AUaradn
Marah Mining 7
Mether I.ede tin
Nlplaalng IVi
North .Star 6
Ophlr .SlUer -h
-12
I'lince con ft
Itay Verd 1V4
Ilex Cens r.
V
2W
w
V
SJi
iji
1M
1
Itocheter Mlnea H
Jtepe Oreup
Ban te)
Mllver Kln Divide
Stand .Silver Lead
Rurreaa Mining
Tonopah Itelment ex dlv.
Tonopah C'nah iley
Terr-pah Dllde
Tennpah Kxtenalen
Tonepah-JIm llutler . ..
Tonopah Mldwny
Tonepaii .Mining . . . .
Tonopah Mlzpah
H
li
7J
y
H
H
1
1H
y
2
l'4
IH
H
IX
y
'in
Tonopah Mentana
Tonopah rteacue Eula
United Eaatern
Vlcteri'
Weat End Cena
White Capa . .
Wllbert
St Croix
Amer Tel fla. 1052
Amer Tel fij. 1054
Anaconda 7a. 1850
Anacenun la. iviu uu
lleth Hlnnl 7a IMS
Can Northern 7b 011
Cant dun 8a W)
iietn
Ca
Cena
Nnw lla.vpn 4a Ml
Stmbeard 6s 44
Seara lleeliuck 7a 0414
.Sinclair 7Us 00
Hnlvay Ra eni
Heultiwnat Hell 7a 02'i
Bwlft Ce 7a 01 .
Union Tank 7a 100
Wenlcrn Klec 7a 07T4
Dennmrk Ra 07"-i
Norway Rj 00H
D7
Ji
ii
30M- 2
30 .4
LIVESTOCK QUOTATIONS
Chlrace, Dec 14. CATTLE Hecetpla.
1(1,000 head, llolejrnu. bulla, attarty; aroeil
snd chelie f r, 7.',fl; ealvaa, ateady; beat
enlera, Jin, bulk, intin lifi. cannera, vrc
lower meatly ia.sntitt.AO, prnctlcnllj
neihlnx ileli.v en nil ether elneaea: murket
8Ji-
714-
20
7W-9K-28
08
84 01
41
J4
J4
w
14
loeka weak te lower.
1IOUS llerelpta. 68,000 head Meatly,
40c te 60c lower than yeaterday'a Average.;
part lead early, lO.L'S. practical top, 111,15:
bulk. n sewn 10; plica. 2Sc te 40c lewer:
hulk deatrable, HO te 130 pound plaa, 18,80
Uf Ki
HHKKP neeelnta. 13,000 head Ne etirly
aalea choice fat lamha; hertvy yearling. 110;
heat fat ewea, enrly. III 7,',, feedera, steady.
H
1H
1
li
y
K
'a
'y
I'lttabuncli, l'n,,
retpta, lTide heuil.
10 10. heny and
11(1 40fMO..M)
Dec 14 neon n.
HlBlier Heavlea 110
lluht yerkers nnd pla,
HltKEP AND I.AMIIS rtecelpla, BOO bend.
Steady. Tep aheep, ffl, ten laniln. 112.75.
CALVES lUcetpta, 75 he.id. Hteady, Tep,
116. B0
Ksat Buffalo, S. , nee. 14 CATTLE
necelpts. I17B bend Dull CnHea. recelpta,
'.'Se head. I'lfiv centa hlicher. 14 111.50.
1IOOH Iti celnla BflOll heart. Slew fun
r.iie lower lleuvj 110W10 10; mixed. HOW
10 -J. yerkeia, 110 '.'510.60; lUht yerkera,
lliiBiHrll. v; lin.7.1ll; reusha, 1S.23W
8 r.e ainsa Wit 7 BO
BllEi:i' AND 1.AMUB Recelpta, 2000
head, htendy, unchanged.
Kuat HI. IuU, III., Dec. H. CATTI.U .
llere'Iita r,30l) henfl Hleera alnw nn ,n,lv
aalea, neernl leada of choice yenrllnica here;
irv. .-(.Tiy puira 01 ann ptun anil cunncra i
steady Hulk rnnnera, 13; veal eaUea. top,
iu or 11 nimier; bulk, venlera, UlWll 76,
lln(!S-ll.,(elita. Ift.ROO head. Hlnw; 40,
te r,0e lower thnn ealerdy' average Ten
(U.nn. bulk in I.1O9.40; packer ewi. BOc
te 7Bc lower, plica, SBc Ie line lower; quality,
meat Boedi packer buyera doing little bidding
around Sll
Hlll'.El' Ilecelpta, moo head. Active and
atrnne. twat lamha BOc te II higher; ewea,
ateady te 2.1c higher eihera, ateady. Tep
laml.x. JI'.'. bulk 11 1 eMl. B0. ewea. ten,
II 7B. bulk. 14 2.1W4 B0, quality, medium ie
tfoed.
Dond Men's Club Meets Tenlpht
The December meeting of the llend
Men'H Cluh of Philadelphia will he held
In the Hntcamere room, Hetel Walten, nt
0 30 o'clock tonight The snenkcr will
he Terry II .Strassherger, of New Yerk
cl'', manager of the securities depart
ment of tliii American Kxpress f'e , who
will speak en securities of foreign gov
ernments. private
changes
Open
7,i4tB
7.4S4D
7.7174
RAILROAD EARNINGS
UT. LOU1H.HAN KltANCIHCO
lfl'TO
Increuae
In Londen
October greaa tli.Rnil.Mlt
Net eper. Income.. I.Oeii.iib:!
Ten mnntha' greaa,,. TMnu.eiA
Net eper. Income., 3,201017
Decteate,
ll,Hin.77N
ll'j.lllll
7.07i:834l
RECORDED ON CURB
1:30
I.ew p. m.
I 1
li UK n
12 12 , 12
17 Hli 17
:::::: i ty
:::.::i
'"'lVV'. 31 31 31 '
ion 100 100
3!4 .1'i SJi
inu 10 S l(li
32U H'-'H KVi
K 21J 2S
ft ft
VI lBVi 1SJ.
10 17
74 7V. tv 1 r
I X '
8 Vi 8
31U 31 J, DIH I
1 1 1
7fc 7ft 7.
& JJ -it
4 iu yi
It) 1R 111
1.1V. 13 131 F
1 11 11
114 1H IV.
.144 143 11H
. 2H 2 21,
" $ a & -
. 4S 4'a 4S 1- :
. 11 11 11 '
. 274 274 274
. (IS n , , I" '
i H J jp7.Tn7r,7T7777.-,T77m?
1J lVt l'JVi llll '
11 ll
1 I''' I
17 17 f
12 12 I
34 UK I
02 04 It
JH l'i ii
114 l'i
43 4!
n n lli
13 13 III
Fi F li :
20 20 11 r
1 1 I :
434
4A 4V4 4V4 :
K U l
n r. r
N 8 8
i K K
H
in in in I
' 7
sit no
7V4 74
r, g
A A
A "
1 U4
A 3
8 H
TIT TV . TV III
s n r HI
Ill I
J. A. II :
2 2 2
J 8H H ; eunsuPEtv w
1H ilrV 1A . SERVICE
IS 1H
" 1 1 I : . ...
10 10 in I Lewes Paddln
h r ' i ArwricanQirrcncy
777
. ... 211 20 20 11
.... 5 0 R 111
ji ji Tn
7 7 7 111
1 1 1 (I
V4 4 III
IIONDS III '
nut nm 0414 III
1t1 i iVi i' "
iu vu ' '
044 044 .
finvi 00
en nii'J
r.n .1:1 .
4R 4.1 fl
04 1144
fill 0S
v'1 02T4
niH 014
ine 100
1171 7:
07VS n
What a Big
New England Bank
Writes About
Credit Insurance
A leading New England Bank, has just
written tnc American Credit-Indemnity
Ce, as fellows;
"Regarding Credit Insurance, would say
that we believe a merchant or manufacturer
shquld insure his accounts receivable for the
same reason that he insures his merchandise
again6t fire te guard against less.
"Almest all merchants suffer some less each
year through failures and this normal less,
of course, cannot be insured; but at times,
under abnormal, unforeseen and yet con
stantly recurring conditions, such less may
become great, and even embarrassing, and
ordinary busine8sprudencc should leada mer
chant te provide against this contingency."
This bank makes it very clear why they en
dorse precautions that prevent, else pay, bad
debt losses beyond the normal, which the
American's "Unlimitcd-Intcrim-Paymcnt"
Policy does.
Manufacturers and wholesalers, it will net
obligate you te write or phone for the full
particulars.
Payments U Ptlieyhtldert abtut $10000t000.0d
AMERICAN CREDIT-INDEMNITY CO.
or NEW YORK E.M. TREAT, meiidint
IIIUIS BIANDAKO UrtUMITID rOUICIM
W. J. Merphjr, Manager
J. McFadden, General Agent
Mutual Life of New Yerk Bld.
Philadelphia, Pa.
WHY CONDUCT YOUR BUSINESS
ON "HOPES" AND "PROMISES?"
THE "LONDON" GUARANTEES
YOUR CREDITS
T TNLESS your business is all cash-
in-advance, you need credit in
surance. The present times are tee unsettled and credit
ratings are tee uncertain for you te be sure
of any of your accounts. And collection
agencies give only "hope."
But when you carry "Londen" Credit Insur
ance, your credit worries are ever. Yeu knew
you'll get your money en covered bad
accounts, and you krjew when you'll get it,
whether we collect it or net.
Don't wait till another account becomes bad
or times become mere unsettled. Write to
day for full particulars of our Credit Insur
ance Policy. Asking won't obligate you.
AT YOUR.
SERVICE
LOiNDON GUARANTEE AND
ACCIDENT COMPANY LTD.
R. A. IRVING, General Agent
Plinn T Jim Via f J 4016
PHILADELPHIA, PA.
ilalaUnaJ)M aamafcaaj w4UtMimmmii.M.
Made in Philadelphia
Thousands of Baldwin Locomotives In operation en rail
roads and by industrial companies, net only In the
United States, but everywhere throughout the world,
are continually exploiting Philadelphia as a leading1
American industrial center.
As the builders of these locomotives, we, as Phllndel
phians, are also proud of the fact that we have been of
se much help In developing industry in every part of the
world.
THE BALDWIN LOCOMOTIVE WORKS
PHILADELPHIA
Bend Salesmen Wanted
Investment banking firm, members of the New Yerk
and Philadelphia Stock Exchanges, will have an inter
esting opportunity te offer two experienced Bend Sales
mere after January first. City and upstate territories.
Replies in the Strictest Confidence.
B 325, Ledger Office
Statistics Shew That Most
estates of $B000 or mere are dissipated in a few
years where there Is no trusteeship. We assum
the responsibilities of a trustee, which assures
the future of these you wish cared for. A con
sultation with us may set your mind at ease "'
many of your financial responsibilities.
REAL ESTATE TRUST CO
OF PHILADELPHIA
Bread and Chestnut SU.
Established
Eirtiteen Sixty-rune
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