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ginri ' t if- !v-
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I
An Ideal gift
for Christmas
A rvcll selected
high grade bend
Send for our current
list of offering!
TheNattenalCfty
Company
rhlUdclphla 1421 Chtatnut St.
Atlantic tlty cnmienie uieck
1225 Deardwalk
DECIDEDLY BEHER
TONE T(
4-
By the Guarantee of the
French Government
3
, the payment of princi-
jj pal and interest en
the Midi Railroad 6"e
, Bends is secured te
s the Company. These
bends, redeemable at
par net later than
1960, are offered in
this country en a basis
which gives American
investors full advan
tage, both as te princi
pal and interest, of
: any improvement in
; exchange rates en Paris
Fer further particulars u-Mte
or ctrcuJer.
Hemphill, Noyes C& Ce.
Members .Yew Yerk Stock EichanA
m
Franklin Bk. Bldg., Philadelphia
New Yefk Doiten Scranton
Buffalo Albany Syracuse Baltimore
EARNING PUBLIC EEDaERiHILAP13LPHlV, ffBIPAY, DECEMBER 17, 1920
' i
) TRADING
Course of Market Very Erratic,
but Developed Increasing
Resisting Power
New YnrU, Pre., 17. Today's "terlc
market made n bnd RPtnwny nt the
start, but scen imltfrf Itcelf tnpptlicr,
and iliirinR tlie bultincr- of tlie session
cave fairly Reed iKveunt of Itself.
Although technical conditions wcrn un
mistakably the demiratiui; factor, and
although price movement xxn altogether
erratic, there. was nexertlielcss u de
cidedly different tone te the trading. In
ilixiduul I'sups made new lows, as fin
ters nevulinr te themselves became
effect li hut the list as a xilinle did
net vxiiipnthirp u. has been the case
during the recent dnistie selling move
ment. Weak spots were scarcer, nud It was
ebsi'ni'il that insistent and vigorous
drives of the bearish element did net
disl-idge any gnat amount of long
stock. On he centrarj , the recessions
of a point and hut disclosed a number
pf underlj ing buying order, which
were sufficient te aberli met of the
offerings, whether for the lung or short
account
Coupled with til" uicrji'-iug power of
resistance, tne mere representative
shares likewUe dpla''d a much mere
definite i-esjlieiip . In ether words, the
entire list i nine hm U stronger than
has been experiern eil incc the big down
ward wing -r in It i true there
were a niiuiliei el , en-t motive develop
incuts whiin cue a -treng buck leg
te tie getn-.'.il lit Among these could
be included the (loci-ion of the Itepub
licnn lenders m Washington te cut gev.
eminent oxpenve mere tlian Sl.tHjO,
Oiin.ixiO: 11N0 the plaus ter refunding
the government debt and se reduce
taxes; then there xuis the pusage of
.the HUti.-trike bill. ! which could
he ndded the general acceptance of wage
reductions without grumbling. All of
this was supplemented h, the great sue-
NEW YORK STOCK EXCHANGE TRANSACTIONS
Ulv
Snle in
400
100
tee
SOO
(100
4700
400
.100
soe
8)0
1(10
1290
MO
.10J
100
290
T0J
1103
MM
.Mil
'.'.I.)
7Ji)
100
.1)1)
420)
mm
.101)
tee
400
SOO
100
:tee
45 te
tain
001
.10)
icon
loe
000
100
200
2.100
210
t.'IIU
son
100
CO
High
. . Adams r.xpress 2M
. . Adx'anee ItumeJy.... lii'i
fl Advance Uumely pf.. 40
4 AJax nubber 20
.. Alaska Oeld Mines... 1
. . Alaska Juneau a M.. t
.. Allied Chern & Dye... 47'i
4 Allls-Chalmers no
R Am Afrrle Chem MH
8 Am Hcet SUR.tr 4e"j
10 Am Besch Magneto.. SlUi
.. Am Can 2.Ti
7 Am Can pf 7.1
It Am Car & F&y Mt?
7 Am Car & Fdy pr...,107'i
.. Am Cotten Oil I7'i
8n, Am Iiruic Syn 714
7 Am Illde & Leather it nsj,
.. Am Internat Cerp . .1,14
1 Am-I.a li"rance Knu.. 0?i
8 Am Unseed 2'1
1 Am Locomotive 8114
Am T.ocemotlvo pf... .10015
.. Am Safety nazer 8J4
.. Am Ship ft Cem H
4 Am Smelt ft Hcf 405
7 Am Smelt ft Hcf pf . . 83
0 Am Smelt Sec A OS'S
8 Am Steel Foundries.. 20'j
7 Am Sugar Itef 80'
7 Am Sugar rtef pf....len
City of Winnipeg
Canada
6 Bend- due Dee. I, 1930
S0 and Interest,
yeilding 7.357c
Principal and interest payable
in New Yerk City.
Winnipeg is the Capital of the
Province of Manitoba and is
the most important commer
cial and financial city in
Canada west of Terente.
Circular en request
Harris. Ferbes & Ce
Pine Street. Cerner William
NEW YORK
PHILADELPHIA OFFICE
Widener Building
,'- or thi" Mandar I inl note 'snc,
the oeinpai utivi his iniiditieii of the
menej market, with oil 11 inenc frceh
sti piled for the dnj and into next week
at 7 per 'I'lit jiinl t,. lentinned u-cei-
1 V Itl feli'lgll ei llllilge. with the ex
I'liit.ge .111 I.ouileii .it the higlle-t M'lo M'le M'lo
tatieii 111 almost thivi meith.
Indeed it was urpniiig tint the ie-
evi ry did net reiwh much larger pro pre pro
pnrt'en. but as in thi- preceding es
"ions apart from the demand from the
evei extended short interest tli" buviiv
pnwei ri'iiuiined extreuielv limited.
I"ric ib.inges ,it the opening win
ver confuting, Mexiean and Iintch 1 Ms
ning 1 te L' neints while llon.e.i iiil'" tee
fell I'. ' rueilile Steel was h'lixx.1 100
iiii"iabf ;i .1 result of the fuiluie nf I ion
de' 'lirei ter" te declare mere than the
legiilar diMibnd. and Hide and l.'iither
prifernd 11 Ue rea ted en rumors af
fect.lig Its illxidend prospects. ItaiN,
iiniab'i ,jruiigei. also lacked .1 ilctimte
trend. St Paul preferred ri-ing one
point .ind Northern I'acitie inakiug a
1 errespniidiuc f line.
I Tlie iniiiket pursinvl an irregular
1 nurse- during the morning en the -.mall-1
t dealings ,.f the weik Independent
-teels mill several of the ml", equip
ments and inorers bete the brunt of an
I irregular re.ictien. excepting. Crucible.
I which luade mete than full t mm cry.
ind Itenlegle. where short were drhen
:n reMT. Shippings and utilities were
heavy. Atlantic dulf le-mg one point
and l'eeple' rQ" "J. with i-MU'weil
.iesnre against feed find nii"cellaneeii"
heuvv, Atlantic liulf l'-ing t point
point"
10 Am Sumatra Tel).... 0S''4
8 Am Tel ft Tel 0s
7. Am Woolen 02'
.. Am Wrltlne Paper pf an
. Am Zinc Lead ft Smlt il'i
4 Anaconda Copper.... aCi
.. Assets rteallzatlen... 2i
4 Asse Dry Goods tHi4
fl Asse Pry noeds 1st pf 80
7 Asse Drv Ooeds 2d pf 40
0 Atch Tep ft Santa Fe 0
5 Atch Tep ft S F pf... 5i
. Atlantic Fruit S
10 Atl Gulf ft W I S S..I0S
.. Atlas Tack Cerp 1
AI,IIm Vlnl,nU.. M.
'2!l!0 3,0 "aldw-ln l-ocemotlve.. 7'
00 .. nalt ft Ohie ,12'i
''00 4 Baltimore ft Ohie pf.. 47K
J00 .. rtarnett leather 23'i
tee s.se Bamsd.il Clasi A... :tn
iw 2 50 Hnriisdalc 'las H .. HO
. . Ilethlehem Me tern. . 3
B Hethlehcm St"cl. ... i0'4
B nethlehem Steel B... 52
.. Heeth Fisheries). ... ,1i
. . IJrklyn Rapid Transit 10
.. Uruns Term 33i
10 Burns flres SI
.. Butte Copper ft Zinc. 4i
.. Butte & Superior Cep hj
.. Butteriek 10'-;
.. Cadde Central O & P. l.VJ
fl California Packlnu. . l'i
California Petroleum. 2t
1 01)
.100
nuiu
nnn
tee
100
tee
.100
1200
tee
noe
109
ll0
.100
10J
2)0
7)0
r.10
3)0
000
2))
1710
20)0
S10
200
1230
3)0
210
32.0
u .anaui,tn I'acmc . ...ns'j
.. Central Leather .... !.'
7 Central Leather pf .. hbi
4 Cerre de Pasco Cep . 2fl'j
10 Chandler Meters .... ;4
4 Chesap.iUe ft Ohie . . SOS
.. i'hl ft I". ill pf ,"f. . ,1
.. Chicago A West pf 17'
.. CIiIciire M.I ft St P. . 27'i
.. CIiIimbe Mil ft St P rf '0'J
5 Chlc.ige N"ertliwe(itrn 0"e
7 fhl ft Northwestern pf 102' a
. . Chi H T ft Pac . ... 2.1U
(1 Chi R I ft Vhc 6 rf .17
1 Chi 71 f ft Pa: 7T pf 0J!
i;nne ceppf r ?
Bi 2. .10 China Cepnir !
.1 i"ie 1 'in I'hi st I, pf C2
it nuef P'.i'ied 40' 1
Coca-Cela . 2"
r 4011
100
210
8.710
:oe
1011
10
310
(00
tee
1010
.1 Colerado Fuel ft Ire-i 20 '
Cel ft Southern
.1 'elunih G,. ft C'e,'
1 Cel Oraphepi me. . .
7 Ce: "iraphephn" pf
4 Cnmp Tab n.'frds.
1 Consolidated c;au . .
2 Cen Inters'ate i'al M ""j
.1 Consolidated Tex', s P?4
I Continental Candv .. .7'.
4 Cern Products Kef
20 i
.14-4
10,
03
3 'a
7ft
1210 2.50 Cosden ft Ce. ..
..,'
8 Income
Plus
Opportunity
for Profits
Conservative investors
seeking a short-term 8
investment with an oppor
tunity for profits will be
interested iri the 8 Pre
ferred stock which wc are
recommending of a long leng
establishcd industry.
Hollister, White & Ce.
Ill TS P it. l
Nurlli Xniirlrun Ituildlni;
run wiKi.riu.x
lln.lnu I'rinlilrnre Xm Vnrl.
SprlnsnVlil I'litallrlil I'ertliiml
' Harvard
University
Committee en Economic Research
OFFERS TO BUSINESS MEN iti
Statiitical Service, includinj in Indtx
ll Bailntts Condition), which hai
men reliable forecast of commodity
price mevrmtnti lince the Armiitice
Thii Service it bated en new methei!
if analjrting and interpreting buiinti
tlattitics. It include! alia rcliab'e
fedicet of the money and lecutil
narketi, and ipecial itudirs of ecn ecn
neetic preblemt of timely interett and
'mpertance. Price, $100 a year. Fer
-leicriptive circular and iitnplc pub
'iratiens addrrtt
Committee en Economic Research
is U'uiMHiiriii iiiitsi:
t'MlllRII(!K. xiass.
SLOiriG DOM A '
LOCAL MARKET
1
Price Change I itimpertatit.
iltluntph Majority of Lead'
in" Shares Showed Gain
1 wnseiitcn proiiei.n 1 d si.iw ing
ij.m n ill tlie IeihI market Net nil! 1
.i 'lie volume of bunnies" malii r tlian I
n nti of preceding scs.jetis of the cur- I
rent week, but tli re was l'kewle 111
iMtiin t narrative .,f the trading all 1
through the list This xmiihl . eini."gi
iiidii'.tti n 1 ompletiep ef ti.e ,, in
"-tinr s 11; tig, nlse ietii. .11 .,e I
hiiuulntien fur tax p.mcetits Uj dm,
f"i- the purpes. nf 1 stiiMisning es.i.
I"r iieeiiie tax "taten. uis Although
f irtlier operations in the latter eonnee eennee
,en were still in enHeme.
itegetl,er priie iieueinviit was "tead '
er and whnt few v iri.itnn did ur I
vis tfi llel'hllv ililin-li nf ;t fiuiltenul
n.ituii The iniirket likewise ijiseeed 1
'ii i' 1 inprieed i!i..ii'.i ;i.n ri n-it
while in tin- I10111I ilnisien tl,.re wa-
nl" 1 f what , f imiluirlt cnl!..l
I'einvestiiieiit buy nig
Ft "111 .'I HII"ly leelll MI'H...l.t t
WU- little Hi r 1 111 I Me, t,, Iilf..' tli. 1
IIIHlk" IIIMi'l) .ither 'H Stll' then I
Wl'le sj,tl. C".i inl ,tri, till, sJIi W 111. Ii '
1 iiiiiributed indireitl te I'ft t',.. fog I
Inch ter n long ha. . eii'n.eil tin mar !
'ii eiiilii'ltliM ,
III .1 point et .0 'l IM I I , 1 re 1
nun'.. I 11 hading feature ami 1 ,0.1 f
1 1, is.,,n 1 did fr e tneiiilh higher. 1
A" a niK'ti r t ( t all th' nulit gmup
ilis;ilad 11 sKinli.-r tendenev liealiiigs
1 f'le Inlsi e,liilMii li"t were of small
ii'i,eni..is Fin riii StnrHB" Matterv
riled te '."' tlen shaded off '.J.
i hiii an Itailwavs preferred was iff
vliih x mem an Stnre. iinpreveil te
I 1' enM AuKri.'Hii i.is nptienreii
t.i n.'ne found 11 "elid leittem at "J! I.
I.11U1 S'lp'tier Meldiil i sin ill frai'tien
6000
tee
3000
IslO
1310
tee
900
te
310
210
4)0
110
- 110
into
110
7 10
3 tee
jne
tee
' 210
.Vlil
20
3200
100
100
2410
2301
140)0
300
sin
s)0
310
12 )0
till
210
inn
100
000
200
3.710
7JI
(110
2200
111
110
3))
)D
2111
ion
20 in
n 10
711
1 1) il. 1
3D
I ft ID
inn
3))
son
.en
Cruclhl 'tee! "j
7 Crucible Steel pf ... K'j
.. Cuban Cane Sugar... II
7 Cuban Cane Sugar pf 01 "
7 Cuban Anier Sugar. . . 2
:,30 Hibeprs Ce ... lf.ij
T'sr.xer ft Rie i pf. . I ,
lft Cistn'in K-idak .113
. Kll Hern Ceal 1,1
Knier-cm-tirant.ng ... r,'j
.1 Hndieott-Jehnson . .. i2'4
7 r'ndicott-Jehnon pf . s.-, 4
. . Fr!-? 13
. . n-10 it pf is j
. Fr'e ;( pf ia4
8 Fanm'jg Plaxers I, . ts
. Famous Piny era of 72
1 Ffdcral Mln A. SrrP p. 2.1 ',
10 Fther Bedv s'
. Fihk Rubber . 1IM,
., Freeport Texas . 14';
.. Gasren Wrr.s ft XVIg . 'ij
. General Asp'-.i t . 10,
,X 'in.ral Asp a- pf 74'j
Oerifral Crie-n . tfs. I22-"!
8 General Klecre .IIH4
.. Gineral K.-ir . r's 3?4
1 General Meters I3'4
fi General Meters pf . (is'j
fl Gen Meters deb 6 . fO,
7 Gen Mo'ers d"b 71 . 71
fl Goedrich II F .14 S
4 Great Ner'h Op etfs 26
7 Grent N'erili. 'n nf 73
2 Gren clna. ,,a r"ep js
Gulf M- P. e A- '.sr . n
.. Gulf Mobile f. vr,i pf 2l'l.
.. Gulf Stat St.. . 32'8
4 Hnk:' ft Barker caP .74';
Housten oil Ce
1 Hupp Moter ".)! .
7 111 re's 1 en'ral
4 In-pli ii.nn Cen Cep
!riTrh "'en r'erp
. Infrh e-' i'erp pf
7 In' JIirxeH'r new
. I' Xtrr 1r ., . ,
f'.' M.r Mar 1 pf .
1' 1. tr .f X). tertru '.
In e n iiier.al N'lel.. I
I ' rr i'ie ai Paptr
I i i. M e' Cerp
Is ,.nd ' '!
2 Tnn.-s Tires Tea .
. . Kan c v Southern
1 Km :is 1 i'v Smith pf 44
I Kei'v.Serlngfli 'rj Tlr j.7
" K'1 -s--g T . pf s
i. - W'.ee! 10
?4
. 3-,
30' t
i:4
. 1ft
. CR't
"
. 4s
. 30
. '?
. 41)
. 22 S
.1
. IH
I"4.
Commodity Markets
( liitsnl.
was ilmie in tin- rails
COTTON MARKET
N'ew (irli. Ii. IT 'I c
llllltkel was r.ltliei R w 1,111 1 1 nffun thi
tnerning and " i'IchI iinpertiint 1 hnngi.
I'i iin Iviuna little "pening 1 t.i Hi ...mis n,wi.r Leinn.,
Lew
20!
liVz
40
20
1
47
30
0.1 'A
12
eftt4
2214
74
1.1 !4
1071a
I7'
1i
3s
30 '4
D'a
52 'i
ell
100 'j
tii
Si
40'i
s.1
ns'j
ii
I 2
KID
s
07 1
1.2
.12' i
0',
3.7 'j
2J
is'j,
.10
te
70'j
79.
7'j
107 'e
101?
r.i,
.12
47?i
2.1 '4
in
30
3
. .7S"U
.11
3'.
10
314
si
4'i
SH
10'j
IC4
6l'i
24
ll'."4
.1.5 '4
s.1
7.7 'i
73';
je'j
17',
205,
31)
07'i
102';
24 ?I
ifl'i
f.7',
'4
IS',
02
10-
20 ',
20 'J
2fl'j
.74
10
03
34 ,
7S
'a
IsH
I1.
(.7 4
l.f4
,1.7
IB ,
1 i
313
1.1
I" ?
'i
s.V4
12?4
17,
13'4
4 0
10 1,
14
!'-,
'sj4
74'J
l!2
lls'c
ns
13
07
r.e
"0?4
31
20
72';
17',
!)
21 .
31
.14 4
71
0".
'T.
nw,
3.',
in
!.1 ,
1F4
S
:ie
12',
.'.'!
1
10
I-.-,
is
II
.1.1
s
40
'
4 I
1
1 .11) Net
Clese dice.
2UJ4 H
IATj- !'a
40 - Vz
M - 1
I
1
47 - M
30
ailM- H
42-4
S.7'4- l'4
73 -
J4Vi m
lat-Ji- V4
10715 I- '4
I7U . .
7'- ".
nstj - i',
J0B - "a
?i ..
2ja- Ti
si - !i
100'j !
40'J
S3
ns"j -
21) - '
s4 - I!
tee
OS "4- 1
rs
.12 - I
32'i- !
0''4 - '
3.7 Ti '
2H '
1S'- '
.'0
10
70' -74
34 .
7''s .
107 ?4 -Is
10H
s7'4 r
t
47i '
M'4 '
30
3
3 '
1J4
32
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te I
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13'4-
Cl'i .
24
112 j .
13' 4-
1.1'.
2.1 '; -
74
r."h,
i
17
20', -39
'
I02'j
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i -
t-'
02 -4
04
20 i
20 'i
20'; 4
J4-. -10-4-
r. t
:1',-
7S'i
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ISlj
"1'4
27 'j -s0-4
"2
17'4 -.7.1
"fi '. -lfi'i
-
I 4-
.711 -17
-
0 i
12-j -s.1
4
12 4
1734
I.T4
4 -
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if,
- a
.10
74'J
1221,
IIS'.
13 ,
07 CO
-ft '. :
34',' -:r,
12j
H'a
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21..
31
.If.
71 -
0''.
'3',
?.1 ' 1 '
3:U
in
HI ,
Mil
V'4
:pi
12',
II)
Sates
1700
20
1090
tee
niv
la 1
High
3 Kennecett Copper .... 10T
Keystene T ft n iv
6 lAckawnnnn Steel . . . .11)
l,acIede Gas et st ij. . '"'j
100 3. se J,eh!Kli valley t.i'i
100 t Leewo Ce I"4
100 3 2.1 IHise-Wllcs 2d pf ..I034
100 12 Lerlllard Teh 127's
loe 7 LouIhvIIIe ft N'nshvllle esji
100 0 Mnrkny Ce fi7
200 ,. Malllnpen ft Ce 10 'j
200 in Manatl Sugar OO'a
300 7 Manhattan Rlcv guar 47
100 2 Mntiin-Parrv 12!5
100 .. Ma xw-ell Moter 2!'j
2800 12 Mexican Petroleum ..103
100 2 Miami Copper Ift'a
2000 l.fle Mlddln States Cern... 12''4
l0O 4 Slldvale Steel ft Ord . 304
noe .. Minn ft St Leuis 10 It
OOO .. Me Kansas ft Texas. . 3'b
22J .. Me Kansas ft Tex pf 4.4
ODD ., Missouri Pacific 17'4
100 .. Missouri Pacific pf... .17T4
200 .. MontRemerv Ward... 14 "4
100 7 Mentana Power pt. . . 0314
100 .. .Vat An ft Cli pf ctfs Sl!i
100 7 National Illseult 101
300 .. National Cen ft Cable 3
100 e Nat Knam ft Stamp . 47JJ
200 a National Lead ...v... 01
120 . . Nat 15 U of Mcc 2d pf .7
2,700 1 Nevada Cen Cepper. , 831
200 n N e Tex ft Mex....
000 10 New Yerk Air Ilrakc
3000 B New Verk Central...
0000 .. New Yerk N II ft M.
.700 7 Norfolk ft Western..
4000 7 Northern Pacltle
1000 b Neva Scotia S ft C
310 no Nunalty Ce
2000 40 Okla Pred ft Uef . . .
400 2 Orpheum Circuit ....
300 .. litis Steel
1000 3 Owens Heming Macll. 47'i
100 .. Paclfle Pexel Cerp .. 1334
100 1 Pacific Mall
1100 .. Pucltlc Oil Ce xv 1
3000 0 Pan-Anier Petrel
tee d Pan-Amer 1)
tee 4 Parish ft ninghnm...
4.700 3 Ptnnsyhnnla It It
100 .. penn Seaboard Steel.
100(i . Peeples Gas Chlca.50. .
100 .. Pere Mareu-lte . ...
100 f, p,.re M.irq pr'er pf...
200 3 Philadelphia Ce
l'0 . . Phillip Pet
1200 . . Plerce-Arrew Moter .
100 b Plerco-Arrew pf . . . .
Oi") .. Plerce Oil 10?i
100 f, Pitts C0.1I fl7'2
700 .. Pittsburgh ft W V11 . 30"B
200 4 Pub Stv Cerp of N .1 J1I34
) 8 Pullman 101
700 8 Punta Alegre Sugar.. 40
3)0 8 Pressed Steel Car $0
1400 4 Pun, oil Ce
100 s Railway Steel Sniinii.
OS
mia
07
H
30
it's
3'4
2134
14 55
1S4
3f3i
70!S
70
13
40
7'i
30 'j
10s
.7.7! 5
34
20'4
10'J
74 V2
790 l.n.x Uaiiil Mln tn Shares.
I'i
I'i
1.700
4.7 11)
.110
: 10
3 10
.110,1
200
4 0110 6.
310
1200
ten
3)0
2110
380
290
tl.O
)0
1. 1111 II
100
1 110
7)0
4i;en
tee
41 10
12.10.1
34UII
III)
ftilll
me
I III)
100
.1000
200
300
1200
lsi)0
200
1700
100
200 2.
200
.VIOO
100
2.1 1()
1700
200
310
7011
I DO
I7')0
100
300
11)0
3(u0
,7011
2S')0
.100
100
12000
S90
2000
1000
3)0
IflO
3 II 1)
00 I
11.7)
I II Oil
100
100
100
31a
'1)0
1 no
lue
4011
11.11
12 Ml
1 no
tee
2 l'H)
Kill
I till
J Itl
Hill
I II)
inn
I
ipp. r.
32 U
si
21'5
I's
)339
flS ' '.
7ft.',
I.T
3
.
D2Te
I7'4
1't
,V ' r
.'3 34
1 It.iy 1 'en- 1
1 P.ea.llug . .
2 P.en.llnc 1st. pt
2 P.. ad.iig 2d ff
. . It. ple Steel . .
0 RopuhPe Iren ft le-I .10 'j
7 Itepublla lien ft Stl pf sj'i
20 Ileval Puti 1 N Y ... .'.s'i
1 St Jeseph Lead Il.'i
.. St Leuis San Fran.- 20
.. St 1iu I -4 San Fran pf 30 '4
. s" Leu s- mnhwf t X'i
.. St Leuis Southwest pf fa's
1 Santa Ci 01.11,1 MiR.ir.. 3',
. . Savage rtns ....
. . Saxen Moter
S aben nl Air L 11..
8 Sears-Iteebuck
.. Seneca Cep Cerp.
SLatuick-Arini ,, Cpn
71 Shell Transport . ..
. . Sinclair oil
12 Seuth Peite R. e Mlg 10
0 Semhern PnelPe ... is
.. Southern Pacific rts.. '.3'8
Southern P.all . . ..21
20 Standard 1 .! of N .1 . -"
7 Stand oil of N .1 pf. .Ul.1B
7 Sti el Tube i'e pf . . 79' i
1 Stewart-Warner Speed 208,
4 Streniberg Carl) .... 20 4
7 Studebaker I0'4
.. Submarim Ueat Cerp s'.,
i Superior ' 'II Cerp. . .
. . Ti 111, Cep ,. Cicin
Texas Ce
. . T'x.is A.- Pa"'".-
1 T xas ft Pac O ft O . .
Tidewater Oil rts. . . .
5S Times Siiunre Supply.
fl Tetaccn Products ...
.. Transcontinental Oil .
i Transm ft Wins Steel.
. . Union O'l
4 Vnleu Paelfic
4 L'nleu Paclfle pf
4 Fnlteil AH iv stel. . . .
12 Ft 11. d I'l-iut
Cniii d T'.w Invest .
3 I n'ted P.. 'all Stere-". .
. l "! c I I' ft l II ,
F C I PA.- Kdv pf 42 4
ii V S Fe id Piedimts.
U R In J M.'i'iel
.. F "i It. il'v ft Imp..
8 F S Rubber
Si's l.nhter 1st pf .
fl I' S mi . It ft Ref .
r F s " 1
7 F S ".,., pf
fi Itl'. C ,,per . .
.. I '..' " r
I . 1' . ! ! , .
4 .-i .re .mi Chun
3 - no ma Chem p!
1 v 1 .'! 1 Ine . . . .
.. Wal ,h
. . V,I ml, )Pf A
. ..i -I ,,f H . . .
I'm go Fxp'i s.
1 1 Miirvl.uiil .
M im 'an 1 'l pf 1 7 ,
1. Pac ft" .. . 2i
I, I'."' fl .f . I'.'l
1 11 I 11 Ien T 1 . s 4
i.lieim. , Rra, e 91 ,
ijjiieusH 1: & m r4
' I .' ft L Il .. 1 ,
K ft L L pf 17
101 or . . .
' I ( 'erp
' n
.. il md
xx n s. "MrU'ind pf
. 1 !' W
fl Wf 11 .iiiKtuii I'liinu
.". '. P 111 p pf .
X. .
. s.
w
. . W s'.
II 1'
7
7 .
4 .
. . w
4
i .
'- IX 1 s ,
I W lys
1:1
? A
43?,
17'j
3.7 'i
1 0
s's
',
37'..
21
11.1'4
C.I
30 'a
200
!)'
tss,
'4 -3')',
2',
Kill
31',
79'-
inn
i-i '
'i
3s'4
?',
!)3
20
13 j
SI
10
34'.
1.1',
. :is
. -.?,
:n
mil i
. 3!C,
Lew
ls
7"
4's
40
10
I03'4
127'a
BS'J
7
10U
OO'a
40'j
1215
Vi
inl
is'i
1134
30 '4
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3
4'i
17
37
14',
03'
8l'5
let
3
I7'i
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H
BS
ht'4
K
IS'.
07
70'4
30
11
3'i
21'5
14'4
40
13?4
1.7' 4
37 'i
7fi'4
70
13
3CH
7'i
3.1
Ifl'a
f,.7ti
34
20'
10 U
74 !S
10 V2
.17 '5
20,
r.4?4
ICOJi
414
7?4
32
s
21
H'4
V!
.3
'.7'i
70
l'i
7
77 34
M?4
10)4
30 34
23 'j
3.1 '
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13'B
3
l.'i
s9'4
HI,
7'4
3H34
23 ss
(I)
tll'n
22 f.
20 'j
ff.2
1(3'4
71) "i
21 ?i
29'4
3!l'i
1.1
12 4
17'
r 1 4
H'h
""a
034
37'
20 5,
II I'i
til' .
30',
lls!
.71',
IIS
l"4
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I I 4
09',
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92 'j
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1.7
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.;'-
tlll4
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17
31 ,
1.7
31
101, J
.I'I
71
1 30 N't
find., dice
CURB OIL ISSUES
! V a
714- H
M - U
40 'i- ''
t3' ' s
",?i '.,.
IO.V4 t 134
i2i(i t ;
U8"j r t
f,7 - ,i
10'i ..
OOl'a- Ti
4fl'2- 34
I2!5 ..
2'i - '
1C3 134
15s
1 1 y, - h
30'4- !i
10s- !
3
l'4 '
17 - i
37S L 'b
14"4- '4
83-4
S4J5- 'a
101 i t
3
47!S - 'i
OS la
V
IS
'5
Vi-
JH
S2
(IS -
10 -Oi
sfll4-
30 -
11 -
3'4
'i 4-
40 -
13'J
1.1' 4
37'4 -7.7',4
-70
13
.105,
7'5 I
'
a.i
34
20'4
10",-
74'j-
10 34 '
.77 '5 -20H
.74 3 -100
34 -.4115
7934- 3,
32'4
M
21 'i : ;
11'; '0
S2'sJ 'a
.74 ' I
IS' 5 1 15.,
7 3', I'i
.19 '4
s7 34- '
.7734 ' I '4
1134 - ',
194- ',
30 ?4 .'i
:.Ti -
4',
DEMAND
Stnnclard of New Yerk Makes
18-Peiiit Advance Inde
pendents Irregular
New Verk, Dec. 17. Most intetest
in the Jtread street curh innrket tedny
was attached te the action of Standard
Oil -of New Yerk, which responded te
the evci'siilistTititliui for tlie debenture
bends with nn advance of S points,
te I'l.'ll), 011 unusually InrRc I radinc. The
Standard Oil fiiinneinp Kcnerully, liow liew
cht, was net recarded with favor.
There xvere nffcrlnps of n iiiiiiiber uf
the siibsidlnrlcs at substantial declines
without tiansiictiens beitiK innde.
Independent oils were IrreRiilnr, trad
ing' in thcni Kcnerully reilei'tlnp iieces
sltlcs of holders te liquidate. A num
ber nf medium priced oils (bowed losses
as a result of this pressure.
Hjnii Oil had fair support and made
a fiiictiunal Kiiin. There was rout In
ucd acctiiuulatieii of Intcrnntiennl IV-
lielcum which ndvnnced in the face of
continued Cuiindiau sellinj;. The Caribs
were traded in at around their recent
levels, Curib Syndicate scllitiK nt 7'-j
and 7, mid Celunibin Knicrnld nt 'J'".
te :t.
The premised developments in Cur
I.iltht have net been icalizcd mid that
sleck was in Mitmlv In intiTests that
had been huyers at hipher levels, sell
iUK down li'dnj te :J'N.
1N1H "tTKLVLS
1:1ft
High Le p 111.
Acme r-enl 1 1
i'r T.lBht v, 01, ji,
Columbia I'miralit I ji3 a
r.inilr Tul' 19 I s'i in
H..il.ai Tire an ,m an
llircules PariT 17 lfl'4 17
Imllin I'licklns .I1-. 3'4 a1.
I. ilntlun Tire I '4 p, 1',
IV'Tleps Moter Hi I'i pi
Hulle Cem e l, I'i
ll.ntl.i Cem pri-f "S m, mi
Hey d France 3'4 ,14 .1'4
Seih Ce 2s. 2'. 2S
F S Stema is 1 IS
Fulfil Profit Sharlnu . 1 "t p, p.
vr.Ni.m oils
Mnn.l Oil of N Y 33S 321
IN'KIIIT.Mll'.VT Oll.sl
Allm.l Oil
Hmiiin oil
Ilesinn Wjemtnif
'iirlb isvudlcati' . .
Cities Sen "II" etfH
' uhlnK Pit'i . . .
is
l,
?.7'a-
3'e
1.1 ',
3
; t
0 '- 3
17S
7' 4 -39'J
'
23 34 '
10 - 10
!.7'5 '
3'j "
()' 2
I H2 - 2
10:1 .4 -
7fl'j '
21. ,
29'44 1
39' j-
S5,
13
7'a
42?4 '-
?s
14',
S'8 "
4H, -
7 '4
37'i
205, -
11.7 -
r.7
30 5,
1')S?4 '
9S '
BIS -
IIS
42',
"'S '
1'334 -
30 t-P4-00
34-
31 -7!l!e
:
100 -Iss
-11
XV 4
30 3 1
7S
7!i ,
20
I.Tj
M :
10
1.7'4
20 'i
CO -h
2 1 . -1)0',
41
fl'4 -
17 -
3P 4 4
1.1 -
3S (-
31 -ler.'j-39
-7.7
!' mis oil
i:ik iiasin )M
I- rutinei rs IN trel
P."l.rl oil . . ,
i1-, rn I. el! ...
Cuff.-, llll.-ie . .
IIiiNi.ii (.HI . .
Il 1 IVtrul- 1 11 . .
! i 1 '.Mltit, 1 Ins . , .
I' II HllHi 1 "II
1 Till Oil
Mexlen ll
rill All., r Oil
X. Me
I'll,,, Oil . . ..
Cii i;.n en
1,. .... . . ...j
-' ' si, 1 1, . 1 in. ,, 1
, 3 -InaiK J'.
" , 11, mi
i'i 'I .ii 1 '
V u ..inn -el in. w 1
MiH.lbuin
'IIM.Mi
m.kn nrl, 1 "lumbla . .
Al.rtl 1
UlK I.' line
Ilei'th ....
11 .ten .1 Meniiina .
Cllel Xllnllll.-
i'iliiiii.. A .trruine .
' 1 nde ln la Mln . .
Ci," X iirtiniu . ...
Cli..-. SIP 1 . .
I'rrsinn llul'l
PuiRlis. Arlini . . . .
1:1 ."uhiider
Kur- ka i 'reruns
I'urik.i Hei ,
ili.lilllel.l I'ens
H ,.I!I"M J i. M'lepinint
'i il.ltl-1 1 I Inrence
ilnplili Id KwHnu . .
ilel'in-ld s-K,.r pick . .
ii iidfl. Id 7. ii"
Ilre.lt Ill-Ill
Lnima Mh. -
1 lei I j. ?.rn 11-
It mi I1U.HS..I11
lilinli.t Kxl . . '.
Knox I'I'. ill .
I. .uiHisna Ce ... .
MaeNumara . .
xiacNamara i'r m
Mnpnia
.Mnruli M.n
Mntli. r l.e.l 1
XIetlH r 1... I- 11 (w 1
MpIshiiik
..rtli Str
iilhlr M.,'
1'ilnie i'min
ll.i XVrdij
tl. 'eiib .
Kqi linjit. r Mm 3 ...
rtei", 1 Ireup
s.tn Tuy ....
.silt.r Klntr I ilvld
mill Xnir 1' 4 li . . . .
." si.tfi l.tid . . . .
mh , . M Mlnlnc
Ten. i ill Hi lineni .
Tniieinh Csi.li He. . . . .
l'nl.Mli 111, el'
'P.. ti anil, i:letl"tnn
Tei...in,li Jim llutlir
Tun .pnh Mldwa . . .
Tmiipnli Mlninc . .
Ten, p !, MtiMiin.i
'Innnpjll Illll Kill.,
r 1 . nt . .
W'.sl 17ml ('"'is
Ulnte Caps
Wllb-ll .
HOMIS
Al'le.l 1. til."-' a Os .
Ana 1 uda "
Ann. 1 t .J.t 7- IP'.U . . . .
Ann." Alli'l i'js .
Xinv-ur Ta
Ct'if c.as s. ...
1 , n- Tex 1. 'h
HMn '
Nnt II 1 .'il l
llhlf. I III' 7 11 I1'. 4
1 ijiln 1 1! lee 7a 11'.".
thin 1 t" "'. l'"-"l
.SPIll". I'll ll"
S .ir. It .MI k 7. 1123
".il " He' Uucl 7-t U'2t
Min Ki i- T'-j s . . .
. I,t Sm
Map.! ' 1 1 ChI f 7" w t . .
M...I 1 t. 1 N Y 7 I'.lll
Mlft .V ' 7.1
11 1 .1. 1 f 't-i 7S
i'.i. 1 11 Li-1 "1
lien la
Ijtmn.. rl, .,
IVatikfnr' 1"
l'rinli Is 1117
Ni,n i sd
Sm .ll-ti Us .
31'
1'
"'
I'
IDS
IS
1 IS
IIS
I, '4
n
US
10
us
3
1 J
17
11 '
IS
III
IS
IS
S
39
IS
ii
1
11
23
I
3
1A
r,
s
ITS
31
S
IS
7
ia
li)S
IS
13
11.
I".
IS
I '.
11s
10
3
II
17
.Ii
11
.IS
I'll
IS
IS
s
34
I..
ii
I
II
I
a
IS
17
11
1
IS
"il
,
I ,
IS
US
11s
Ur
IIS
III
ii'4
1
S
.1
12
IT
t
12
3S
04
IS
IS
30
IS
1
11
." I
I
3
IA
n
1TS
:s
IS
ml J est, ,, ,, x),,
I !"' ! ..I. ...'an
in.1 'ait
Philadelphia Stech
l;s
( ipeniii,,'
of "nsy 1
SI "s', at the
'pi lied nt S1..1
SI .'Ji . at the end xci i.ih .
sold at M .".l',(.
Ther" was poed Inn 11 x ..'
""n thi. market became linin-r.
December started it H7. te 1
later selij t t net ejllh , 1
n slurli'd .it lis, I,, ijsi".,
Xesli iiu
II
a i
It a
IT
17
J!l
17'
p m
17
en
-ii.-'
Pr. 5s (of Mich.).
Consumers
1936
Evansville Elec. Rwy. 4s. 1921
Great Western Pr. 5s. 1946
.'jtandnrd Oil Cnl. 7. 1930
Georgia Rwy. & Pr. 5s, 1954
Counties Gas & F.Iec. 5s, 1962
MrCownt-Ce.
I O'liai fllOt Land Title BIJ9. """
An Yerk Tel f'oniicelieii, CnnuI mil
.
'S' .
yi ,
.Vi".
.pit;
.'P..
J7
M' ,
I7
:',-
fi.-i' .
ti.i
i .
r.:i;
:wH
L'l-j.
U7
1 1' .
(Id'J
P.
(W2
j Executive Position Wanted
t or man, ave av, rh tieasumr
I feuntant. areretary luanaiter
rcanlatr, nat t rf.- in. a
1 M,nniin',,.tns fti.-ipii.il
f 4y II 310. I.FDUMt t'KKIcn
tieasurnr, uf
and
J
'.'Il lll "l
I'.'d Am l. lis '."i
I'D m Itwis
pi'if IT7,
hiii; p. ft u :;',
71 Winhl l.ei
pi-ef . . n.-.'
W, F!e, M,. !l.'M.
."i in I.nke Slip si'
17 I. eh ai :.:,',
!'7.-. Pa It K I"',
s Phil.l HI"'.' '.T,
l."i."i de pi i f '.'7' .
Jim Philii ItT I I' .
inn I'htliiTrii. .VJ
1(1 r Sin d Oil
I (ill;
l(tsn 'I'en,. IJi'l
I Ii") I I! I -'7 , .'T''. 27' .. .
! lurk Itw,
liref .".1 .".I 'II
v.i .h.nir in i.l. tr .nii.ii ...n a in
t i. . i V. V. i k s i K Ii . ..
slis i IIIIMC J ,
IS'iee IIii.ii Sim p in
.". Hi Am 'ins ft
Fhs. .k iMi's il!)T H!)tH iH
1 1 Hell Tel 7s KIP, una .'.(- iH
:; citv u UMrt ssi , Ssi'. vst.; .
7 7 in 1,1b Metid
Jd l',... "-."..issr, iiis.-,.is .22
1 ill', llli l,k .S.VIMI S- tin sr, itl- .hi
I 21 Vic V Is,-. II.". 1)1 !l.r ()( 05.0 14- .02
I! Pa II It 7s. 10 1 101 104 ..
:il Pbila Kle.
1st e-... . 1)U 7U'j T0Ti K
..ut.. n: i ..v. . . ' -m
'Itl'li', M MI11IU1 lll'OMI 1.1 Tl'MTllK .'-7 .. . i.1 - .i.
,. ..... 4.... U. I i. ... 'Sf- ' H.l' )"
, , r1 ',:;:,,",i." ,"M IH" .?"::: -m u
..'.'I . '.' it ,n..-'. tivf.ii, ,. ii .ml, llHt)
III tile NIltlenHl lintl"'l M
-hew up 10 s'.'K.riis) bale, pintitil from
tiii grew ill ..f .n .pep tins .was..n t,,
riecemher 12 iipnnist ! .".P7.IKIO IhiIps
in eerdinp te the n . tunietit IM tin. .Hlnl
time Inst w-n
r.lll'll liilsllies. t,,s innstl, eip, ex
ei pi for Liverpool trailing en heih sn, s
of the ui.it ket Wall street was a i-i'llu-t
the end of tin- hrt twent, uiiniiti
tue list wii, about siiir, nt " points nit
decline
.' and
a ' " 7 ' .
a.' in t
'. I c !
i i. t .1 1. 1
I'l'l'.,' It. Illl'Se ,11 fli. ...it '
iiii.en ' ,.,.; ..... .... ... . . ' "
.I ii t. ,i u.'i ii. i , ii i i . ii i I,. i ,
( lilts Wl'te llle I , I. il f,. ,, ,,, ,, , ,.
wa. l fee Cll-li S, .1 I . , , ,,,
1 1 ms biiuplit e nl ,,,,, ,,,,,. , ,,
tin- la ! .ell -i
I iti eiiiber npi n. i ' ,. i;.i , ,,, -(, ,
Ma, sLirti'd in lie.. I.. i7, . ,,. ,, J ,.
-old tit l pet mi,. ii i. ,, , j, rl j-', (
Inly upeii 'd hi ' e hiKi . i ,,, 17,
LONDON STOCK MARKET
Forced Selling of Gilt-Edged Sccurl
1 ties Industrials Nervous
l.nniliiii. f'. IT LiiLaig, iniiiinueil
II)
l.-l
1".
s
II
T
1
Is
111
1 1
r,"S r,is
sol, sns
S'i', sits
UPS I'OS
PIS '"IS
UsS I'sS
94 HI
PIS IMS
Mi ".'i
HJ I.J
II.' "-
'i.' '.ij
IH c.
'.1 PI
1'7S HT"i
S'l ss
li'iS I'OS
KlilS I'U'i
lllli't Km
'I P.IS
l.'.S Ii".",
1TS t"7S
12S US
UTS UTS
IIS US
II II
UPS PI'S
7s TS
l'l
r.
is
k
MS
SOS
S'I",
IS
Ii 4 S
HS'l
PI
I" IS
",'l
III
I'I
l'7'.
k'l
is;,
KhiS
lftuS
PI
ti-.S
9TS
1-"-.
I'TS
1 IS
II
ti'iS
71
i.il Ida ..i
tn.'il Ui ts ei
' ' . I il 1 1
.. ls !'. . e
HI I I" ) I .1
I' !
x 'I J. teilay Tin
i" 'I I. i' ' ...lilies in prn
'I . , i.si,,,,nrv u, , k-enil
"S i I (iilt-rrlKi-s
'.' I" I II ' iJ- I ale fen eil srll-
in in
I'v
'... i.pf-r j. in
,nh- IX t". I", 7".
,lr IX 7. f. ill f. .,-
it ix ei r. ;,e I- v.
i". ie r. vi i. :.:
I", m IX O'l IX ','
bfr I 7. 1.1 07 f. C,u
MONEY.LENDING RATES
N.7 11)111. X
' l."sht,S lif I n'.i 1.
.i r i nt for i-n.h ,.
et ten-1 ,
l.tl"i i.a Ik
U'l i X I i
l 'l' ',s , (
p,..r s.1.. .
I ' anil .XI...
Xi'l ei ii,
ll'l'lt-..!! ,s
1,'llt I Out I I
lBk'e.1 I
kmus ih ,w II tnain
" an iniprewmi nt in for-
I .lapflliese t'esi riptiens
'I I i mill riot f os ,!
f insimrt an.) Trsiluie; was
I ! Kllt'le 1 I i,-III
s Mil I r,( il ,, inilllMlrilll.'l
"flf, f.'. II, one , h i Ik were
-l"ire. ,,f Xtii nuiu ,'eiiiIh
urn i. h i . rn aker.
I I . , I
I.. I I ,1,1
I 'I HI,. , I ,;
l.ll. .XI. i, ,,, ,.t. Hi,,,,.,
KUlltiet" , 111 , il ., ,sV ,, ,t)u v t)
""' si ipp iMnlin'l HiiiiniinreinciitK
siidlaup il K.i (f i
l!
I
, 1
I'll II. l I' l.l'll I '
I nn. r, per i , ,.it
, liti . ti, hi . mouth" i, p
I Vete- These .11. 'i
IllotHllePM, UN l)le I. Kill
in the fl'ate of I", iiev ;
1, n... n.l.l I'ttiL
pencil in leiini. wiuie March an I i m'uhh. time iih.hu r, ihm ., ini
.1.111 in iiimiru .1, te .. per ci-nT Willie , ' ner ,1.1,1 fin- I .,- ...-,..., .1 .....t t i.
:.rvszr..:r."-:7: u .i ', -n-uet , uu.;.rn,iv'..,v.
.'. "' 'j I"-1 M.auur 111 null, nn lie him u, of I 1 '.
in iiuiv paid for " uims Tlieic uvi
GRAIN MARKET
( lllcns" I).c 17 De, iinher xvheat
Mux were .irons Commission hops,,
weie en the buying side and efferiic.".
weii- lijjlll It was reported that tlie
Hritish oenimission wii aatn iiftei
vheat and that l.nOOOOO hiiHlielK was
worked for expert e, eriiiuht.
'I'akines foieiKiiers in the last
menu lour heuia were estimated as
lli'.'h its .'i.llliO.OOO Imsheis. At 11 :.",!)
a m. today, the federal department
nf nRricu'lture will innkc public its
lllfirei 011 the area of winter wheat
sewn this fall.
December opened one cent lower at
SI IH' .. but i.illied te SI 01 March
started at ?1.30'j te ?1.00'u, aauii.t iu
Readjusting Sugar Prices
New 7 nrl., I., . t ; - ci,, ,,.,.,! ,,.,.
','"' , ""," "r ' """' "Ka) l"l"M iiiniii.uiH
'', iiem n il 1 H14I.H thi in, 1 n an Hewell neil Win
"' "" iniiri-t 1 .11. pit, eh .inui.iini inir reihn 1 Ions nl
.11 1 s i,,, ,i .;, pemis . .11 i,) s j.7 iviiia, I. sM j p, r
....en--, .1,11 i-r ..,..0 XIUIl'K, nreH Hi.! lit
il.ritl .'H!ir Ce ippneil k "tin, !
nt )
MIX'DOX'- -.Melies in ipii.trd Ht I ) HT
, ent lliHCOunt tales. Hlmrt and ihrff
Itll.lltllH lull S mt cent
Prices Heavy en Paris Bourse
1'iirln, Dee. 1 S Prlceii worn tieuvx' en
the IleurH,. tnilax'. Tltree per eptii renlcH
57 franc 20 centimcH- exchanue nn I,en.
ilnv S5 fl de; 5 per cenl lean Sr fr
I He Hellar wan ijuuteil 'it r, fr
no HnlrH leperinl xeiii-riliii liimei ta
in. u. IikIihIiiI IK. Bno l.nKM of ,lnva ti
Hi,' American i e, TL' ISu liait .Inx.is
nt sicuett te tin tradt, and II 'inn l,itrx
CnliBH in nn linperier
Santa Cecelia Sugar Passes Dividend
New Verk., Die 17 Tin Santa
Cfiviia Siiifni' iVrporatlen hmi piihwiI
the regular ipiariprly illxl(l(indn of 2Ti
ivtild ii chore en the einmmi and IS
per cent en the piclcrrisl rllltr nt tills
lime.
FOREIGN EXCHANGE
Ne X erU, I'"'' 17- The caslins hi
met.e ami larte r. ipihelin inn for 1i
linn, l.il icaUjiiT-lini'iila at the ml of Hi'
y ar, wee i. i-p .nHlhle for n weli i fur
tlii" I lee in tlm fernlKii exi'liam-'e ma
llets tnda i' tin epeniPK Diiiirnnl
Hleillnc ins. j te D53S anil calili s
te 3 T. IS 1 he 'I I'ltatlen a week UK") for
cables was II lr. S Preni 11 .ilile wen
up ti iieiiit.. le i. I I for cutilen jxliri l Us
for i he. kH ' mipitiil wlti .Xssi te
cabli ' a week ,'ik.i l.lri iinprex.il p.
li.Gn for i ableH innl , lu-i lis te IIT.aS.
ulher iiuritatleiiH were.
Swl(f .allies If. .15, ilieeUs 1.7.',
ellllcli'l C.ll 1. K "II S. i llecllH 11 'a I pel.et.lH
alii' h I.l'.'". .le.liH 1.1 IS; Ktoclihelin
cables KHlni d Ju pelntH te in lift (
Crtbll H .Hill I'" '"I f,. I llei ks ; ('In Isiiuni .
cal.lts win. If. mi clifikH li'iS; I op. n
ln."in lahlen IT. T, i he, Uh 17 2d It' I
Klaii i. ibles 'i l-'i, th' cUs i, IIS; inarli i
wle 1 I"
VrsTi:ilIAY S JIN XI. lit er.XTK "Ve
st, rlnm IVmii. s i.p., ijini.i, i .
fletrsl 'I ') " ' "" II '! -It 'J
riifflfh MS "J a ",' li jx
T'"I"X .s .il'KM.Ni, ijlnl XI KiN.s
se i lltitf I i,niM l.lrA l.ullilrrN
ridiiHml " IS C l'.'S I ''US .11 ."..i
Cables I .I'i ". Ill .! i
BANK CLEARINGS
.ii i.-i
Han . ici.riiiKs t l ii
fOflHllirllllK lla Hist I,..,
ltl-.'O
chiiii inn m-i! XT'" If,
llomeli 7J Mil 7X7 7".
i .incuri cl with ' . t
lis
I'Uli nils
"Hi (IJ7 hi 77-' .'IS
ti7 a.'.i '.s phi (ids
Liverpool Cotten
l.lx erpenl, 1 lie 17- Tlni, wasenix a
limited refluent for npet cotton ted.n
Willi pilcfH Hleiuh en the tmals of a
decline nf 0 pelntH for iii,(nK at
10 58d The sulci win- 4.1011 ,a.en Tin
leielplH were lii.nne lnle.fi n, Indin,. IS -900
hali'd American 1'iitiir. h wei'e
ntiuily I'" the, eiirlv rlcalliiKH. Spel
prlcea xveie Arucin an, iniildlliih' lulr
ISr.fid; troe'l inliiiiK 12 da, , fiy
inlddllnB. I2 0J.1, mnlilllmt ler.Sd; low
mldllnrr. 7 alel ; ijned eidinim, c nfid
mid enllnary, .1 Sid
BAR SILVER
Hai Hllui waa Hd lowei In Londen
today ut lid.
I . MiwSfltirvtr'
ss iu,4
Depreciation
m
DO YOU contemplate selling
and taking the depreciation
en any of your securities before
December 31st?
Te these desirous of reinvest
ing, we offer high-grade Bends
and Equipment Trust Certificates
Yielding 6.30 te 8 Per Cent
Call, write of telephone Spruce 1480
Commercial Trust
Company
Member of Federal Reserve System
City Hall Square West
.1C3 llllTllttlllC3llllltl)l111C7ll1IlilllMIC3IIIMttlllllL3iritltl C3ltMIIIIirirt:3tiril11IIIC3ll(ltr)l)IJlC3(IIIIIIIIIIC3llllll1)l(llt:7I1Illll IlltllCTlt Itlli
I If you have never bought a bend
ihi'i'e i.s no better time te start Hum I'iglit new when
g all the advantages are in favor of the buyer.
I Our Uuiid Department xvill be Rhul te aid you te 1111 .-
stand bends and te knew hew te buy them.
I Ceptc and sec us or write.
EST & J0.
g 1117 Iip.liiul Slrrrt iV! llrnnihtar
S I'lilliiilrlplilii Sew Verk I
.XtenilirrH
C New Yerk Sleck nxrhuincrt '
g rlill.uli'liitiln Mark r.xrli.ince
1 We AIwiks lime un lliinil ti I.l-t of llliili-lirnde IleiiiU
: ( iirri'siienilrni e Inxlttil ;
ExltlUC3ll)1imt'1'C3 tiiiC3UIMllllll1C3tlllll1ll1MC3lllllllIltltt3iMI)IIIIMrC3llllllllllllC3Ililtiltlli:C3IIIIIIIIIIIIC3MinlltllC31HUUIIttlC3ll.::
1812
1920
THE
PENNSYLVANIA COMPANY
for Insurances en Lives and Grunting Annuities
TRUST AND SAFE DEPOSIT COMPANY
Capital and Surplus - - - $7,000,000
Member Federal Reserve System
iuit)i .riu:i:r Di'ricn,
iKNtnut iiml .luiill'er Mreeta
517 Chestnut Street
Philadelphia
,i-- " - "7 W-''''-' -""" 1"iS
'
Ten - Year Nete N
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 Chestnut Street
Philadelphia
New Yerk
Urater.
Chicago
Detroit
General Meters
Hen.l f, r inir sivclttl ti"l r nil mil
"20 Payment Plan"
Scott & Stump
Investment Securities
Stock Exchange Building
I'llII.Alim.PHIA l'X.
i't It-ittienu
m, illHli Unci. 'J707
til i;rluiiiR I'liiri, Ni., 7nrk
Chas. F. Neble
Oil & Gas Ce.,
Owns
31,000 acres of leases; 284
producing wells; 3 casing
head gasoline plants, one
-THE LARGEST IN
THE WORLD; A 6000
barrel refinery; 502 tank
cars; 162 miles of pipe
line. Earning ever 30
en common stock. Has
paid 28 consecutive divi
dends. Is new paying
12 . The stock Is active en
the New Yerk Curb and we
recommend its purchase.
Descriptive circular
mailed en reqiieit.
R.C.Megargel&Ce.
27 Pine Street, New Yerk
1 1 iti w waragjavir1 ',J"?tygKwyT.;j,; mnnr.yj
GEO. A. HUHN & SONS
STOf'U's xvi rtnvn4
Mrnilirrs of Die I'lillililrlnlits, Nf,f
Verk and riilrHBn Sterk Kirhnncra
Nriv Verk Onttnu 1'irhntife
ComniUtlen Orders Executed la
All the Principal MarWeta
IIKI.I.r.Vl'K rODKT I1I.UO.
H1H Walnut St.
N17W VCIItlt IIITIOK
111 ltrpudnuy, New Verk
LEli, HIGG1NS0N & CO.
IMalillkhiil IIIIK
ItfiSTOS NI'W VdltK "'llli'AIJd
l.'IOli I'iiiitnif IIiilldiiiH, I'hilii.
I simulant Oil of 1 iillfiirulii 7, IUII1
Is, .. Miltp llinlil XlfK. (' M, U;l(l
Imlliiiia, I el k I'aixtvrii ini . fl lUJIt
((iiisi.lliint.il rriiilliiii, .S. J. . . ft., iiim.-i
I.iIiIbIi X 11 1 1 i'J Hiillritiiil (la, lll.'H
( lnslir I iiiiiiij ui" , i .. ., na, llrj.'i
XiniTlrin IIiih A I'.lrrlrlr IU, ;n
I nllfil IIiih A l.lrelrlr feri" 0. 1111.7
l.mulrr Inl' K I'url Ceiuimii) . . (In. ij
AiiiitIi in till" (ulllliilll, 7, n,')l
I rliWIi I'imir SirnrlllfH f, k;7
I Samuel K. Phillips & Ce.
1 .mi:.uiii;k i'iiii.a siecii KxniAs'tn
607 CUKSXMJT BlUlUiS ,
iBedi
'.at?
J
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'.
A
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