m'WnT' ; -tv-.j- -ir 7iwr)jjn(,SW'fl- V EVENING PUBEIO EEDaEIl-PHIL'ABELTHIA, " WEDNESDAY, DECEMBER 22, 1920 22 eftja rSll An Ideal gift for Christmas A rvcll selected high grade bond Send for our mrrent llt of o(Irlns The Company Philadelphia 1421 Chestnut St. Atlantic City Chalfonte Block 1225 Boardwalk Combining Security Yearly Maturities High Yield As a vvell-secured short time investment, we rec ommend the Five-year Serial 8 Gold Notes of a well-known New Eng land manufacturing com pany. These notes arc: 1. Seemed by net quick ns.cts of 'Vz times, and net tangible assets of (Us times, the amount of these notes. 'J. Followed by capital stork having a cuirent market value over f time? this i-sue of notes. Prices for various maturi ties to net from 9.08 to 9.42 ro Ask for descriptu e folder p.r.L.sto Hollistcr, White & Co. IncorDorntM North merlr:in HuUillnc rllll.ADKI.I'HIA flout on l'roil'lenre New nrk riprlmctlHil I'llt.llrlil Portland INVENTORIES On what basis aie you going to price your unuitciy this year? There are definite rules to be followed in order to keep within tho terms of the law. Your decision may cost you large sums in Federal Taxes. It is our business to keep abreast of all departmental decisions and changes. They are of too serious a nature to bo entrusted to the layman Our staff includes former government tax experts and competent auditors and ac countants trained in this particular branch. There are only 7 more days before you cIo.jo your books for 1920. Get into imme d;ate consultation with us and allow us to solve your prob lems. Now! N'one are too largo or too small. GEO. K. WATSON & CO. Certified Public Accountants Ileal Estate Trust Hldg. Philadelphia. Ia. Scranton Chicago m. i '. ? By the Guarantee of the French Government the payment of prin cipal and interest on the Midi Railroad 6 Bonds is secured to the Company. These bonds, redeemable at par not later than I960, arc offered in this country on a basis which gives American investors full advan tage, both as to prin cipal and interest, of any improvement in exchange rates on Paris. I'or furilff jinr'n innrx u rite fr arc it'-r A'. Hemphill, Noyes (3& Co. Member .Vw York Stock Exchange Franklin Bk. Bldg., Philadelphia New York Dotton Scranton HufTalo Albany 5yra uie IJjltimore Wc Have for Sale Counties Ga & Elcc. 5' , 1962 Syracuse Gas Gttl .5'. 1946 Indiana Lighting lst..4 1958 Sears Roebuck 7 Notes I'artirulam upon rvquvt Reed A. Morgan & Co. Writ F"il Tn, ,i I! ,1 r , ,i M.-litl 1 I r v Safe Bonds for Investment HALSYt STUART H CO. Inc. a m miwuaai ' -J. J,l.-L f J MARKET REGAINED 3al"s 09 000 200 300 3.10 200 00 '00 00 too 00 '00 t-00 t'00 830 ton 3000 "00 000 100 00 100 MOO "00 ntOO t00 "00 "0 00 1.00 100 3000 200 200 10 J0 '00 100 J0O 100 100 J380 11100 100 100 s'Oo 1"0 100 4.100 '00 800 100 6000 too 100 0800 10400 00 300 100 Prices Were Irregular, but Urgent Selling Pressure Was Notably Absent New Yorlt, Doe. 2.1. Thcr0 was lit -tie trnco of the scmiliystiTiu which pre vailed yesterday when tho Htoek mar ket opened this morning. There wns ntitiirnll.v more or let fcverlshness nnd irrcculnrity which generally follows all periods of violent movements. There whs a notable absence of the urgent liquidation nnd spectacular Felling. On the contrary, the market, as a whole, cave every indention of organized strong support. This not only had n stabilizing effect upon the better known lieue, but also discouraged renewed ncgrcssions on thy part of the bear party against some of the more viil UTnblo iue. Overnight developments failed to shed much light ttpon the, causes and in fluences behind yesterday's violent shakedown. Neither was there any thing disconcerting in tho morning news. There was, however, a general will'1 belief baed upon established pre cedents that the market was in n posi tion fur at least a technical rally, in asmuch as such an outpouring of stocks as witnc.scd yesterday generally marked the turning point of a big bell ing movement. Moro or less confusion attended the early movements, but before the end of the first hour the general list had established n fairly good equilibrium. This was accomplished in face of tho suspension of another stock exchange house, nnd without any particular stimulating news. it wns evident, however, as the morning progressed, that while there was still further liquidation, stocks were not being pressed for sale on the same wholesale order as noted yesterday. Indifferent reponses to the marginal calls sent out last night brought some selling orders ut the opening, but ex cept in it few scattering spots the initial prices, while, irregular, did not show material losses. There won the familiar backing and filling during the first half hour, but by 11 o'clock a gpneral recovery set In and which was well sustained, notwithstanding that part from the short covering the Inly ing demand was still very limited. Be cause of the rather uniform character of loo loo 100 300 800 8700 200 800 1300 300 400 100 2'iOO 800 400 1.1)0 10)0 2..00 2)0 250 2,100 .. 200 too 130O 10 900 C200 3000 300 IS 100 000 100 2100 1100 2300 400 800 3S1II 400 lhOO 100 2700 2200 200 .1011 800 410 3111 21011 2400 ton ion ltmi 81)0 900 300 22)0 2.100 : 7J0O 1400 1000 2,100 r.io K 310 100 SIO 700 100 100 .190 sin 400 2300 1000 ROO 1310 100 100 .1900 1700 710 3000 ton ion f 2000 2200 13000 inn 1400 i.ioo tlie rally, the movement wus without individual feuture. There were, of course, several notable demonstrations of strength, in such popular stocks as Heading, United States Steel and tho like, but the recognized speculative issues kept puce with tho buying of the investment issues. BELATED SELLING IV LOCAL SHARES A fit' Low Records Were Estab lished Before the Mar ket Turned As n often occurs in the aftermath of a b.g movement on the Xew York Stock llv hanse. the local market this morn ing was onfronted wit ha considerable M'luine nf what might bo called belated liquidating orders. This selling, in a number of instances, established new low prices for tho prominent local local slmri-s. The movement, however, -Mi iiTcn tits force. Hv the end of the firit hour the liquidation was com pleted, then substantial recoveries were liuide. During the earlv selling movement the market was shown In lie roTipiiii iulv thin The current liquidation, whlih upparentlv repre-ented closing out of unpaired speculative im ounts. found u very limited buying power. Tin n wus only the one result, n ,hnrp marking down of prices. Striking illustrations of this nndition were furnished in Klectric Sfurnge littt 'er. Mlin-li wns forced down t.i a new low record for the oar at 7' .. When the pressure relaxed there m n, rally to Slj, J. ft. Hrill wns another case', whieh on small trail-actions dropped ,r, to !," from the previous n,- i'nited ins Improvement, under heuv offer ings. ji'dihsi to M, while Pennsylva nia Kallrond was depressed to Krt. The thin character of the marker however, was more ivid'v demon strated in the wide conci sinii i T , ,., j ,'i a number of inactive hh, i,. North ern Central was foreeij down 'J'-', I'oinu; American Hallways pfd., L; Muffiilo nnd Hufpioinnnft pfd.. L" nnd Huntingdon and Iirond Top, . In the moro active stocks lower pre cs were also mudo in the .mini trading Philadelphia Rapid Transit ..hading to Kt'H Philadelphia Klectric to "I nnd the pfd to "u. !, Tract i.i'n , -i-!i: I,n se Superior ti 7 1 iu . 1 iirh Xmigjtion to ('.. t, i .., ',,f n se losses ,rc regain,'! FOREIGN EXCHANGE Veil Inrk, Dea IJ TI.e k,i, h- ,,,. 'ti.-. n .trlsi-t opened !mKU i: s,. . B s'e.iv. . n v.ilno.' f.c i,. water. " ' ' v"' e'.r?Sll..f"r ,!,-n ",'1 nr,i 43'l0 2)0 200 srioo 340H 100 200 300 100 moo 1100 200 ioo mon son 100 .1n 400 ' mo 4100 aoo inoo 300 800 300 2100 3200 too 0,100 1400 .100 2800 2 no 4300 mo ion 1200 too - r --.u. k. I.lro wern j.jw.t atJtU! - rt.b.os and 3 toi for cnerku Hwl-A '1 5 to IB 17 for .ib: ami 1 j ;i ! ' W"-K8 'ther quotations were IJU lilep enblefl 31 S, , ell.. . n . ibleg 12 n,i cVpUh 1.' ' ' l i ahles 19 76. cherku 1 'i . P- MOc'f- ''hrm .'' t u- '1 i . ia c.ihlesi 15 00. cheek 14 !'5 !!. . ihes IB 15. checks IS 10 Ilelglrin Is. . ehc k 0 ;1 iiirli!i v.; r, Innr lower nt 1 31-.. The prenvurii on New V ,rk exchange hi M .ntrvftl i,end nt 19 ,ep rent, op fo lr cet.t under icsvrrta) h high reconl f Iit' per ,'er-, .-ii I recede,! futthe- to IS, prAiu The 'I'Hcount on r.madlan "iri.ts m ,.w Yorl; wiih 15, to li 1S-1H I r ent. i;srKaDAVS pivai, ch;otatio.vh Hterilr.u Krancs l.iro Oull.Ws 3 ni". n ss s Ai.12 ti : r, 90 a. 31 2-. "man 1 T'pI'AV S uPKM.Ntl yt'OTATItiN'H Rtp'llnf Pram I, r tiulMers 3 nr, 1 nt a tai. si 29 .1 92', II l.t; ! 41J 31 37 mur-l t, f BANK CLEARINGS I l . r.i-rn l,i!iy r'irriail.l Wi'.ll rr,r--r I. i ( rf J.. iHt t o h ir ll'.'O IfllO !)j I" Jl',-.7in I7S7JS7-.I II'Mar Prices Firm on Pans Bourse I'lirls. . .. -'i e, v. 1 1 . t rn 1 IN Houriie toi.n 'It-, j r ., '" 'tr 'i- -liai .-.- L..ii.Joii r .( l r ti' 1 un (Cifr - . The lol1 ,r ' hs H'K r. ,1 at iiifr ,, 1 t.f GRAIN PROVISIONS COTTON Our Daily Letter Sent on Heijueit Hughes & Dier I f lilraco lluarU of Trude ) illn HtffU H,rl.Vfi ' I'ltl.linri-li si.Pk i:.,iiji.. Urmhrrs 143S Walnut Street Sjtuic 813 Philadelphia; Hare I8ftj III. HI ,M) SKI, I, Grand Rapids & Indiana Rwy. Stq;k & 2d 4s, 1936 CIIAIII.ES FEAItON & CO. 333 tliKttl-Nli'T STKliET IS EQUILIBRIUM NEW YORK STOCK EXCHANGE TRANSACTIONS ntv. li S Itlh ., Adams Exprcu . .... 3'l , . Advance numely .... H a Advaneo Humely pf.. i 4 Aax Itubber UK .. Alntka Gold Mines... II .. Alnska Juneau O M.. M .. Allied Chem & Dya.. m . . Allied Chem & Dyo pf M 4 Allls-Chalmers V4 7 Allls-Chalmers pf.... 70ji ' s Am Agrl Chem M'5 4 Am Bank Noto a Am Beet Sugar 3 J 10 Am Bosch Magneto.. 4H .. Am Can 2.1 W 7 Am Can pf V 13 Am Car A Kdy M5tf .. Am Cotton Oil 1& so Am Drug Syn Ji o Am Express Ill .. Am Hide, & lathr. H 7 Am Hide & Leather pt 2SU . . Am Internat Corp . . . JHJ4 3 Am Llnsoed 44 o Am Locomotive 7W .. Am Safety Bator.... aft , . Am Ship & Com 8V 4 Am Smelt Ref ITi 7 Am Smelt A Bef pf.. 7H s Am Steel foundries.. 2BV, 7 Am Steel Fdys pf ... 7Btj 7 Am ougar Hot ' 7 Am Sugar Bef pf 8H 10 Am Sumatra Tob.... C8 BAmTcl&Tel I II Am Tobacco MR A Am Tobacco pf now.. 87 u Am Tobacco B 104 7 Am Woolen 7 Am Wholesale 7 pf 0 .. Am Writing Paper pf J4 .. Am Zlno Lead A Smlt 7 4 Anaconda Copper ... 31 . Ann Arbor pf 2V. Assets Realization .. SJi 4 Asso Pry Goods 18J4 a Assd Lrry Goods 1st pt 10J5 e Asso Oil 87 n Atch Top Se Santa Fo. 78Ji b Atch Top A S F pf.. 74J4 7 Atlantic Coast Line.. 84JS . Atlantlo Fruit 'S m Atl Gulf & W I S 8..10SV4 7 Atl Reflnlns 7 Pf.. 1MK .. Atlas Tack Corp.... J'K . AuBtln Nicholas 7 Baldwin Locomotive . MK .. Baltimore A Ohio.... 31 4 Baltimore A Ohio pf. 47 2.50 Barnsdale Class A... at 1:30 Cloes Ixiw 2$ 14 i 42H 28 H K 43 W 84 K 24',4 70J5 84 43 31 H 47J4 "14 78 114J4 uu 8H 111 3JH at 42 744 (14 8 3214 74H 3JJ4 7tta k7K 1814 IU 4K 108 87 10314 87 X 2K iH 30 22'4 'H 18 tVi 87 78K 74 K 84 14 101 10414 17 W 8J4 81H 30 4K as a l'i 48 4 aai4 8l' Ji 48H 4H 4 8 It v 87 214 8'4 40 11014 7 3114 84 2814 61 H 81T4 8H 14 H 14U 23J4 38 80 101 eo 7'U aH s fll'i 8'4 1S15 30J4 41 18 22 22'j 02 Ji H 3 H li- 28 - H , 48V4 4a 38 7J4- 1W 78 HSVi 114- 8K 111 -SK- 88K 3314 44 714 J4 Kli- 13H- 78U- 28V4 70)4 84U 8H 88 IS 1084 4- 87 104 - 88 0 29K- 34 31H 18 -80)4 88 -78J1 14H 14 101 -104)4 17)4 30 -4-38 - as 1KX i 314 48 81 T 1)4 s.so Barnsdale Class B... t 8 Barrett Co ctfs of debll'K .. Batopllas Mining .... H .. Bethlehem Motors ... '94 n Bethlehem Steel it o Bethlehem Steel B... 81 8 Bethlehem Bteel 8 pf Ui .. Booth Ffeherles 3J4 . . Brklyn Rapid Transit A . . Brklyn R T ctfs of dep '4 .. Brklyn Union Gas... 41 Ji Bruns Term 4H . . Butte Copper A Zlno. 4i .. Butte A Superior Cop Bi .. Butterlck 10 . . Caddo Central OAR 10?i (I California Packing .. 88 .. California Petroleum. 2Ji 7 California Petrol pf.. 61'. 4 Calumet A Arizona... 4014 10 Canadian Pacific . ...lllVi . . Case J I a 7 Case J I lit pf 7t .. Central Leather 3'U 7 Central Leather pf.. 84 4 Cerro Us Pasco Cop.. 2S'4 10 Chandler Motors .... OS 4 Chesapeake A Oh.o... 6SS . . Chicago A Alton .... 7 . Chi A E 111 Eq T ctfs tY . Chicago A Great West 7 . . Chicago A Gt West pt UVt .. Chicago Mil A St P.. 24ft . . Cnlcago Mil A St P pf 30' 8 Chicago Northwestern 84 7 Chi A Northwestern pfl' 8 Chi Pneumatic Tool.. 40 . . Chi R I A Pae 24 6 Chi It I A Pao 0 pf 801-4 7 Chi R I A Pao 7 pf Hi 5 Chi St P Minn A O... OIK .. Chile Copper H .SO Chlno Copper 17 li . . Clev Cln Chi A St L . J0V 8 Cluett Peabody .. ..4m 814-K- 14 49 4H 4 - 18 1 8JX4- 28)4 -111 8 -79 -f - a 8?4- 0)4 !4 18)4- 24 - 8)4 84 182 88 34 4 88)4 8IJ4 1K-bH-18J4 30)4- 41 19 -'.3)4 2814 83)4 94J-S9J4-81)j-73)4 4K 17 H - 44 C3 - 28J4 77 Coca-Cola l y 8 Colorado Fuel A Iron 2314 Col A Southern 'Sl4 r, Columb Goa A Elec. tSi 1 Col Graphophone ... 10 7 Col Graphophone pf . SH 7 Consolidated Clgai U5 7 Consolidated Gas . . '5814 2 Con Intoratato Cal M. a 3 Consolidated Textiles. 18 l Continental Candy ... H 4 Corn Products Ref . . eOJi .SO CoBden A Co 3tt 8 Crucible Steel . .. 791-S 7 Cuban Amcr S'iRa. . t3Ji .. Cuban Cnne Sugar .. 17K 7 Cuban Cano Sugar pf 8814 0 Delaware A Hudson.. IH 10 I"el I.nck A Wstern.20O . . Denvf-r A Rio Grando Ji .. Denver A Rio Gr pf. l'i 1 Dome Mine? 10 2 Durham Hosiery .... 32 7 Durham Hosiery pf.. 84 . . Elk Horn Coal 14 8 Endlcott-Johnson .... ! 7 Endlcott-Johnson pf . 835 Erie 11 . . Erie 1st pf 1" . Erin 2d pf 1214 8 Fatn'm Plnyera L .. 44 811a 72J4 4K 1754 4H C3 2814 7814 22 Ti 185-i flSJi OS 260 ; 114 9i 32 84 1314 80 88 llri 11'4 12 41 22 79 10 12?4 3 39'. 78 HI in;, '4 12H 07 h CO 2714 71 '4 16' S 70!4 281. 1SH 1114 8 1 23 '.i 61', 14 li 4814 it 9i 10 83 ri 84 14'j -9', 3 014 42 91 103 104 7H 2914 It 39' 70 194 29 4 3 13 Ji IJH 4 3 88 9SH 200 - ?4- 1)4-4 10 33 -84 -14 80 88 11?; 17 12)5 44 -r 22 '- 7 Fetler.il Mln A Smlt pf 22 JO Fisher Body 70 .. Flsk Rubber ll'i . . Freeport Texan UJ-i . (ij'irn Wroi A W.g 2Ji 'ienetal Asphalt . . 38 . '!"t.iral Asphalt pf . . 7 7 'ieriral Cigar def pf 81 8 'i-neral Electrlo 11794 . General Elec rts 3H I 1,-nernl Motors 1314 (1 1 cneral Motors pf. . 8IK fl Oen Motors deb 0.. JH 7 Oen Motors deb 7.. !$ Onodrlch B F 2H 7 Goodrich B F pf . . . . 1iH . . Granby Consul MAM lIi 7 Great Northern pf. .. 1J4 4 Great North Ore ctf 28 1 Green Cnnanea Cop.. 164 2 Guantiuiiimo Sug Co. 12 Gulf Mob A Nor . . 8 Gulf Mobile A Nor pf 1 Gulf State Steel 'O'i 4 Haskell A Barker Car .3 . . Hendee ctfs 14 14 Homentalo Mining .. 414 . . Houston Oil 84 1 Hupn Motor Car 015 .1 IlMlraul'e Steel Co 1 7 Illinois Central 84 M lndlahoma Refining . Ti 7 Indian Refining 14'j 4 Inspiration Con Cop.. 20, .. Interb Con Corp 3't .. Inlrrb Con Corp pf . 10 B Int Agrlcul Corp pf 42 7 Intern Harvester ne-v 80 7 Intermit Harvester pf!03 . Internat Mer Marine 11 0 Inter Mer Marino pf. 48, .. In'ern.u Motortruck . 2814 lnKrtiallon.il Nickel.. 12K . Intirnatlonal Paper.. 41H 11 Inter Paper pf stpd. . 70 .. Intnc!b!. (ill Corp... 20K Iron Products 20 Ibl.ind nil 4iM .Icwel Tea 3 2 JoneH Broil Tea 13TJ . Kan t tty Southern... left 4 KitnsnA City So pf. . . 42 79 - 4Ji 104 134 1 2 1'4 !- '4 37 )i 78 81 - li 117 H-. Js 3H- v, 12Ji 14 87 H - !i 89 h- )4 09 - Ji 281 ?I!'4- 94 1814 1- J4 7114 4- 1 21M H 10H .. 12 ! H - J4 19 - 1 21'4- 1 f3 1 14)4 K 48)4 1)4 84 -f J4 19 - 1 84 14 834- 14 14)4- J4 2914 4- )4 3J4 4 10 4- 1 42 134 80 - 1!4 103 1 11 48H 1'4 29)4 14 11 - '5 41Kf 24 70 ', 20)4- H 39 4 - i 3 13Ti- '4 18!i ' i 42 4 marted at $l.C0iv to SI. 00. and later sold at a net lots of 3 teut.t, at ?1.5lt. May npcnrd at $1.50 to $1,87, ngniiiKt J1.58i4 at the close yesterday, and declined to ?1.53. I Commission houses had liberal sell , Ins orders In the corn at the outset and the market was weaker. HhortH cot 1 ernl and some resting orders to buy were met. Commodity Markets GRAIN MARKET Chicago, Dec. 22 Hilling of wheat was resumed this morning, and the market declined sharply. Nt'rvo'iHnpss over financial conditions, jm hiding the MiBprnHion of the New York Htock Kx cliangi' firm of Foster & Ioiinshcry, ns the factor, nnd It was thought that fnrmorn would he rompelled to nrll their wheat. The cl&Mns of another bank in North Dakotu qIho aided th'! bears. 1'rebHure came, from "ommisKinu housrs and a local protrsxtosal. Some renting orders to buy were executed on toe drop. December opened 2v?c lower, nt $1.00, aud dropped to ?1.03. March December opened lc lower, nt 70c. and receded to OOWc. May started nt 74o to 74 c and later sold at a net lfwis of Vic, at 73c. July started at i4 c lower, at 75c, and declined to 73c. Oats followed the other grains. Com mission houses sold. ,h December ppened at itjjfyc o 48V4e, against 47o at the end yesterday, and later sold 10l3c. May started at f ' 1 Iff'&SmWL " ' " . .-.,- ., . - V.I.... I yjsassassssssaim - -. Net Che. Dlv. In I Sales 80 ite io 1000 89 08 IM 199 10 High Kelly.Sprlngfleld Tiro 38)4 Klsey Wheel 88 Kelsey Wheel pf 81 Kenneoott Copper ... 1SH Keystone TAR H Lackawanna, Steel ... 47 Iacled Oas of St L. 97)4 Lakq Erie A West .... 18)4 Lake Erin A West pf 28 Leo Rubber Tin 1SU Low 2 as 83 14K 8)4 451-4 37)4 10)4 23 1834 4 99)4 14)4 J4 1234 18 7 58 88)4 J'4 45 1 114 1IH 12)4 94 14)4 1)4 234 84)4 3)4 4'4 IS 134 47)4 "H 194 3SJ4 48)i 8iJ4 140 107 28 )i 4834 214 45 H 4)4 8)4 834 SS 7(34 7 81 15)4 18'4 33 48 73J4 28)4 54 10 3J4 4'4 24)4 118 13 '54 13 48 35 72 88)4 12 Yi 8J4 83 384 2 14 38)4 30 37 15 St )4 mi 74 7!i 40 3 7334 Jl'4 134 78 81 f!34 28 48)4 8814 (8 '14 I8)j IB 23)i ll)i 3i 0 814 S7)4 15!i fi). 37)i 20)4 44 7934 71 8354 24 1 83)4 812 103 ' '. 24 )i .3 38)4 81 8?; 1334 42 22)4 8)4 40)4 1 1'4 28 180 13J4 47)4 15 8J4 SMi 83 V4 1I1J4 84 37H 83 18334 8 l'4 7!i 10H' 334 18)4 88)4 38)4 8 98 32 40 78J4 104)4 44)4 8 30 25 0 8'4 7 17 51'4 19)4 14)4 28)4 4 8034 92 44)4 834 15 31)4 14)4 8)4 38 1814 334 144 4 "li "' 14 Si 14 54 114 1H 114 1 1(0 18t 3.80 Lehigh Valloy 6114 H 18 199 7 Liggett A Myers pf. 2008 248 248 108 28 It 1(0 20 10 1(8 19 10 18 899 3 Loewe Co . . Loft Corp . .- 12 LorllUrd Tobacco . ..1J0K 7 Lorillard Tobacco pf. as 7 Louisville ft Nashville 7 0 Mackay Cos St 4 Mackay Co pf S)i .. Malllnson A Co a)4 7 Manhattan Kiev guar. 48 .78 Manhattan Shirt .... la a Marlln Rockwell .... 114 2 Marlln-Parry UK 12 Mexican Petroleum ..187 a Mezloan Petroleum pf 84 H 'ili H 114 154 IVi H H H IV 3 Miami Copper 14K 3449 l.o Middle Statei Corn. UK 3788 Mldvale Steel A Ord. 3K Ji J4 1408 m ioi 08 810 1208 100 IMS 208 380 308 100 300 200 18 888 1980 208 890 2809 200 180 8990 398 8080 808 eoa 100 M0 888 1098 J00 ssto 140 30 100 1200 109 17(0 10 200 70 109 290 SI 18 8000 7800 2208 2890 100 3090 8000 2500 800 2000 200 SI 20(8 3110 19 .. Minn ft Bt Louis. M St P A S St M L L 1 14 .. Mo Kansas ft Texas. 384 . . Mo Kan Texas pt. . Missouri Paclflo . . . , . . Missouri Paclflo pf . 3 Montana Power . . . . . . Montgomery Ward . 4T4 184 814 ,.)4 1H 2)4 V s )4 14 'A V 1 2S 4 Mulllns Body 19J4 8.80 National Acme 28$; .. Nat An A Chem ctfs. 48)4 . . Nat An A Ch pf ctfs H 7 National Biscuit ,...ltt 7 National Biscuit pf..l87 .. Nat Cloak A Suit.... 38)4 7 Nat Cloak A Suit pf . . 484 . . National Con A Cablo 3)4 8 Nat Enam A Stamp.. SH 1 1H K 4 ")4 H "h Vk 14 S 1 8 54 8 National Lead 84 n . . Nat R R of Mex 2d pt 3H . . Nevada Con Copper. 0 N O Tex A Mex.... 88 10 a New York Air Brake. '8K SBJi 81)4 New York Central... . . New York C A St L. .. New York N H A H. 18H 1 New York Ont A West laH 7 Norfolk ft Western... 84)4 6 North American 4 7 Northern Paclflo ... 78' 8 Nova Scotia 8 & C. 27 BO Nunally Co ) 80 Ohio Body ft Blower 10 40 Okla Prod ft Rf. ... 8)4 .. Ontario Silver Mining 4'4 3 Orpheum Circuit .... I)4 8 Otis Elevator 118 .. Otis Steel 12)4 8 Oweno Bottling Mnch. 3)5 . . Paclflo Develop Corp 13)4 8 Pontic Gas A Eleo. . . 44 IK "54 . . Paclflo Oil! Cowl,,, 88 14 H ")4 li Vi V 1 14 1'4 Pan-Amer Petrol ... Pan.Amer B , Parish A Bingham., 71H 1 12 J4 Perm Seaboard Steel. 7 Penny J C pf 83 Pennsylvania R R .. Peoples Oaa Chicago. 39 39 18 31 39 28 17 10 88 27K 13)i 78 pere Marquette Philadelphia Co Phllllps-Jones Phillips Pet Pleroo-Arrow Motor. . Pierce Oil Pitta Coal PIttsuurgh A t7Vi Pond Creek Coal 1 l'-4 Ji J4 14 'A Ti 4 Pressed Steel Car. Pullman .1MJ4 Punta Alegre Sugar.. 41 Puro oil 10 Ji 800 HJJlway Steel Spring 7 20 l.ss rund Mln A:n Shares 21 4 4990 1 Ray Con Copper 1!4 108M 0 200 100 1900 40(9 0590 lira 3899 199 400 149 IM 1188 3110 2810 39 299 J99 18S80 49 190 200 1780 20880 319 800 17S 800 170 400 100 5890 180 290 200 800 90 1890 18100 1200 38300 100 190 890 100 42)0 300 2C8 1500 4500 200 290 100 2100 100 408 88)0 290 200 3590 4100 80) 8200 400 400 109 45390 409 800 200 7190 2300 200 1800 900 4)90 209 890 1200 300 mo .100 300 7800 200 200 410 1800 3100 230 100 700 4 Reading 7734 2 Reading 1st pf 6V4 2 Reading 2d pf 4 . . Remington Typowrlter 38 .. Replo Steel 1 48J4 2 1)4 54 V V Ji 3S J4 T4 Ji 1 1'4 !i 1)4 Republic Iron A Steel Si 34 .20 Royal Dutoh Amer . . Santa Cecelia Sugar 1 St Joseph Lead. ... . . St Louis Ban Fran . . St Louis Southweat .. Savage Arms . . Saxon Motor . . Seaboard Air Line. . . Seaboard Air Ltne 8 Sears-Roebuck . . . . Pf . . Seneca Cop Corp . . . . . Shattuck Arts Corp . . .74 Shell Transport .. Sinclair Oil Bloss-Sheft 7 Sloss-Sheff pf 13 South Porto Rico Sug 8 Southern Paclflo .... . . Southern Pacific rls. . .. Southern Rail 8 Southern Rail pf 20 Standard Oil of N J.. 7 Stand Oil of N J pf . . 7 Steel Tube pf 1J4 10 14 !' Stromberg Carb 23 7 Studcbaker 394 7 StudebaXer Pt 81 . . Submarine Boat Corp 84 S Superior Oil Corp.... 1234 8 Superior Steel 42 4 Temtor Corn A F "A" 23)4 . . Tenn Cop ft Chem.... 834 8 Texas Co 41H .. Texan A Paclflo IS), 1 Texas A Poo C A O.. 28y4 16 Tidewater Oil 180 . . Tidewater Oil rts.... 13)5 a Tobacco Products ... 49j'4 Tol st L A W ctfs pf 15 14 4J4 2 14 14 J4 ..a 15 3 '4 Transcontinental Oil . 84 Transua A Wnm Steel 38 Union Bag ft Paper., 83)4 I'nlon Oil 20)4 t'nlon Paclflo llaVi I'nlon Pacific pf . . . 84 I'nlted Alloy Steel... 28 United Drug 92 United FTUlt 187 United Rwy Invest.,. 8 Unit Rwy Invest pf. . 1834 United Retnll Stores.. 49J4 U S C I P ft Fdy 18)4 U S C I P A Fdy pf.. 40 U 3 Food Products... 18J4 U S Ind Alcohol 81 Ji U S Realty A Imp... 38J4 U ti Rubber 88)4 U S Rubber 1st pf . . . . 98)4 U S Smelt A Ref 32)4 U S Smelt A Ref pt.. 40 U S Steel I7f, U S Steel pf 108 Utah Copper 4SJ4 Utah Sec 8 Vanadium Corp a2'4 Va-Carollna Chem ... 27)4 Va-Car Chem pf (1 Vlvaudou Ino 7)4 Wabash 7 Wabash pf A 1734 Wells Fargo Express. 81)4 Western Maryland . . 1J4 West Maryland 2d pt 17 Western Paclflo 23 34 Western Paclflo pf . . . 4 Western Union Tel... 804 Westlnghouse A Drakn 92 ' 8 8 10 4 4 8 12 8 1.80 8 wesungnouse K A M 0J4 Wheeling ALE. 834 Wheeling A L E pf.. White Motor White OH Corp Willys-Overland Willys-Overland pf . , IS . 32)4 . 14)4 . H . 27 , 144)4 . 37)'4 wooluorth I' W..., 6 Worthing Pump 40Vic to 40c, and later Bold at a net decline of lc, at 48c. July MorUl, '4 lower, at 48V4C and receded to COTTON I'rev. cloan December January . March . . . Mar July October .. 14.78 14.18 11.02 14 74 14. iu 14 03 Aldlne Trust Increases Dividend Tho Aldlne .Trust Co. has declared a quarterly dividend of 3 pTr cenL olao ina- 4h aharea on a 14 per cent rer aSl num basis. Prevlouslvyment. r0?"i per cent quarterly weri made. -fhS dividend. Is payable I'ebruaryi lb etoc't ft yccord January 22. ' 0,oe'f New York Curb INDUSTBIAIJJ Hl(h 1 1:80 Net Cloio Chse. 254 'Ji 888 83 15)4 - . 8J4 54 47 - V 37)4- 'Ji 10J4- 1 33 15)4- V S1V4 V4 Acme Coal Car Mint Oaodveir Tire .. .. Ooodyear Tire pret ii.vn.n in.m . . . , Inter Products ? Mercer Motors ...... North Amer lrnr . , Perfeotlon Tire IU1II0 Com , !Udlo Com pret ..... Itoy d Franc ...... Sweets Co .., Toto Prod Exp TrUnsle Film U H blitrlbullnx .... U B atenm Ursted Profit Bharlnr United 11M Candy . . U H Hhlp Corp IVayne Coal 9)4 J4 1 54-120K- R - 7 SB flJ4- v- 45 - 1 154 UH 154 -4 14)4- 11X 3 54J4- 2)4- 4J4 15)4 35)4 41)4- 1'H- 154- 25J4- 4)4- 84 100 - 107 28)4- 48)4- 2H 484 41'4 3)4- 8)4 58 - 7854- 88 f 4- Va Ji 1J4 1 LNDErENDENT OILS Allied Oil , Iloons Oil , not ton Wromlnr . . , Carlb Synd ClttM 8erv "B" ctfs Cuihlns Pet 14 34 Ji )4 H y i ji j Ji Ji 14 J4 J4 34 1)4 J4 14 Ji li 54 Ji 1 .a IK S !4 ?4 14 Ji 14 l'i Ji 1 !4 H ti uenny uii Elk Uasln Pt .. Engineers I'etrol ruderai on Slenrork Oil ramda OurTey aillesDle ... Hud. on Oil Int Petrol Kay County Oaa . . . Martcalho Oil Merrltt Oil Mount Prod Omar Oil Producer A Refiners IU.I nock Oil Hyn Cons Bait Creek new .... Stmms Tet Bkelly Oil Texas Ken Un Texan Oil Vulcan Oil tveitern States .... Woodburn MINING Alaska II r Columbia AUaka Mines Atlanta Ills Ledte Ilooth Doiton fc Montana Caledonia Mlnlnc Calumet A Jerome Candelarla Mining Cons Arlsona Cortex Sliver Creaion Oold Creicent MacN'amara . . . Dundee Ariz El Salvador Eureka Croeatut 1 . . . . Eureka Holly Gold Cons Oold Devel Olodfleld Florence Oold Kewants DoM Silver Pick Oold Zone Oreat )lerJ liecla Minim Jumbo Extension Knox Divide Louisiana Co MacNamara Marsh Mining Mother IxxJa Mother Lode new North Star lted Warrior Cop Rochester Mines Iloce (Iroup Han Tor Silver Kins Dhlds Stand Sliver Lead Succeis MMu Tonopih Ilelmont Tonopah Cash Boy Tonopah Divide Tonopah lixtemlon Tonop.ili-Jlm llutter Tonopah Mldtvay Tonopah Mlnlnc Tonopili Mlipah Tonopah Montana . . . Tonopah Kescue Euli , . . United Eastern Went End Cons IVIIbert BONDS Allied Packers 0s Amr Tel Oa, 1020. Anseonda As Anaconda 7s, 1920 . . Anio-Amer Itis .. . Dnth Steel 7s, 1033 .. .. Can Nat Itwry 7s Conn Gas 8s Goodrich Tire "s Heinz Co 7s Inter Rap Tr 7s Kennecott 7s Nat leather 8s New Haven 4s Seaboard 0a 1 1 3 4(1 I 84 35 l'i n 1 12 5 21 1 4'i n 0 1 1 3'' 34 17 t 0-'. 33 1 12 n t 20 1 4 r. tt 18M 84)4 IK 49 14 34 7134 27 9)4 10 3 4) . 24)i-r 118 -12)4 4. 3)4 4- 13)'4 45 35 - 13)4 . 7 88 -3HJ4 4- 24 -15 4 31 4 38 38 --18H4-0!i-58 4 3JJ4 1214 . 74 9?4. 4014 -i-30H 74 4 21)4 1K 7 51V-r "34 25 -58T4-57)4 67 1- 3)4-19)4-19 22)i 11)4 3)4 e 8)4 B8J4 15)4 4- 5)4 87 '4 28)4- 44J4- 7834- 73 3)4- 20)4- 19K 83)4 4- 573 - 103)4 . 734 25 23 34 83 S" 4A 1 , IS n IB 12 J 7 1" . 2',i I 1 5 5 4 1 2A Di r, J 12 ii' H IN it; 'A 314 Ui l'4 134 Ji VA Hi At 04 ROt-J Mil l0 Vi'i lOOVi 07T4 83H 04 130 Low P.m. 18)4 18)4 42 42 2)4 2U .. : i js 4a .. 1H lr 1H .. 1)4 IK 1H .. IK 1H IU 8 'a :: s " s I 28H 28)4 28H :: ill iji JS .. 7 , 0 7 :: ft i ft ... 17., 1B 17 ... 1H l)j VA, :::88 s2h $ ... ,A ,A .34 :: ::: 7H ju is : aw 2 an . 4 4H 4H . 234 25)4 2BM '. 15M Ibti 18 . IU 1 1 . 18 18., 18., : U i U . H i 'A . 10 10 10 . n4 tW n4 . oS o(i n4 . 714 ofi n . 1 1 1 All : il 1 1 r.o no 114 4 S0'4 80'A p ti 3Vi 03"; 100 V, 100V. 97'4 B7!i 81 81 04 04 nan oo'i P05; 00M D2 84 44 43H wi'i no; 934 I3' l3 t3 87 K7t 0'J'I Wl' OHi HI. pi ni Wl'4 HB IOO 100 Mi 100 100 H B2'4 (I3H tl.1'1 03 07U 07U '34 J4 14 J 34 W R8 OD 04 42)4 07 U4 87U Dl Vt IK Ji 1)4 Saarx-Roeliuck "a. 1921 . . . Hearx-Jloebucic "a, 1122... Seara-lloebuck 7a, 192.1,,. Sinclair 7'.is Solvoy Sa Southern Rwv 1m. . Southwest llell 7a . . . . no i:ajir 7a IOO Stand Oil of N Y 7a. r 7a. 1028.10011 1921 10111I etuia on ,5. fiwlft Co 7s 031, I'nlon Tank 7s fHi'J Va-Curo Chem "Hs. . 0,1 IVestem Elao 7s 07V4 25i )i V. Philadelphia Stocks IS IK t.v t 13 a m. 29 High IOiT SI Am Gas. 29 20 73 Am Itwjs '34 !e '4 3K 3 14 K ?4 .14 0 14 34 pref ... -IU 10 Am Pipe. 4 t."t & o. aos J2 Huff & 8 pref ... 43 lOOfChl Pricu Tool ... Cfli; 10 Urill J O. l,- lOtChes & O .124 (VJOtChi It Isl'22 144 Cam Iron 30 3()0tChlnoCop 10T lOOtCcrro de l'nsco . . 2oV. 20 Con Trao N J n" 32P0 Klcc'st'oV. 82 lOtCScn Mot. Kl 25 Hun & I) Top pf.. 0 145 I Co N A 28 300 Key Tclo 8V1 530 Lake Sup 7 47 Uh Nav. 05 10 Lch Val.. CI 10 Nor Cent 05 300tNof Cous 8Va 10tN V C'en 07 1452 In It It.. 30rJ ir.fl Pa Salt.. 05 10 Phlla ln Wire... 51 V. 43 4 30W 4.1 432 C0-f- 45 5 00 45 52 22M, 30 10 256 l.'I 0 27-1i 05 51 05 R. 07 ' 38 041,5 52 'U 10 3J4 1)4 81 54 834 19K 42 2214 K 40J4 18H -1314-47)4-15 an 30)4 112 Ji , 84 28 , 2 - 34 K 'J4 14 Ji K A a Ji i'A 2 ill 1J4 )4 .) 81 1 30m Ol'j.. 185 - 2 8 1K 47)4 10)4 89J4 18 l 88J4 60 -88V4-32)4 40 78K- 108 -r 454 8 3'Ji 25 Ji -0 - 7 7 17 28J4- 511 fit U 30V5 20 Vi- 21 5T4Hi-10.. Hi IK 50 Phila Co. 30 ii. 4 nun vn, Mi'n Jill" , 110 do em pf 20' 20i'" 782PhllnKlfc 21Vi 21 30' 11)1 do pref. 20V. 453 Phlla RT 14 125PhllaTrno 51 Vj lOtPuro Oil. 30 300tltay Cona 10 lOOtllrotllng lkt pref. 51 H C40TonoDel. IVi COO Tono Mln 1 400 Un Trae. 20 20 13 nil?. 30 " 10 3 K K ' V J4 34 14 3M ZV 4)4 34 "l'4 1)4 54 n 51 2070 U O I SOOfWheellng & li K. 8 Tnwn. tl.U ,. " ""' '"-a I I -Ji. JNet ehanse mtiile by comparison aale on New Tork Stock Ecriniri. )i Hl" In IIONDS ,$1Sa r. . H1h I'ow 1-10 Am Oas & 1:13 u. in. 84 -J3 bh- 2 40)4- 8)4 18 3IK "J4 4 1C5J4 37 A K 34 51 14 IS:: 28 211 V. ... 20 2(I0, "0144- .OtUSSteel 77 77 77!)T4- a7 loot us r 1 p io6 10 mil COtVnnutll'm no nn'" .'tn'j. ft 5tWlllvR.O. mi r.ii r.i. 1? - ,0 - ,n .. ,n ,j sni rs;.. J -7 - ' Klec 5s... 00 00 00.. 2 llell Tel 7s.l01Vi 101U 101 !',. . 10 Lib Ilondw .44,.. 3VSs .... 8ft 00 80.00 80.004-. 22 25 2d 414b . Ki.Hi K3.72 K3.72. 02 12V1 4th4V4R... 4.08 81.O0 84.0-lX.12 2,V I? 'eJyh 1,:'-10 01"' 0.-1.111.10 10 Nat 1 Prop 4-0h 1T 17; it 134 0 1 rnirn 1 o cons 41Ar, 88 88 2 Pa II It fs. 103 10.1 2 Peo Ponst.c 88 103 4h 55 55 10 Phlla Klcc 1st 5s... . W) Tftn: 2 Itead'g 6 4s 78 77 70 78 MARKET MONEY-LENDINQ RATES M'.W VOIIH-Money on cnll. both classes of collateral, opened today at 7 per cent for lending and renewing, IliIIiA!iBI.IIIIA Cull 6 per cent, t me. 6 pr cent: commercial paper, three to six months, 6 per cent. (Note Thene :rr, m.r.l., ni-.i li!.18 l. ra 14 43 14 84 14.60 Open 14. oi 14 Ail 14 00 (luotntlons as the legal rate of Interest In the state of Pennsylvania Is nied at 8 per cent. Plus premiums and corn. iiiiaaiuii. iiuio money tor ninety days Is loaned at 8 to 8U cent, while commercial naner. vj.,.., niuin uimmerciai paper, i The First National Bank of Boston Transacts Commercial Banking Business of Every Nature- Make it your New England Bank Capital, Surplus and Profits, $37,500,000 The Advantages of the Partial Payment Plan Wets never so forcibly illustrated as now with many hlgh-grads dividend paying stocks selling si prices that do not begin to tnsss urs true value. By this means you can buy five times as much stock as on out right purchase and arrange for payment with your savings over ths nest ysar. A return of better than 10 per cent on money inverted new la easily obtainable. Upon request ws shall bs glad to explain How to Buy aad What to Buy Addrtti Dtpt. PL-32 for full data GflRRIisRClilRfCiQN&ll TatUtPUOMISiRBCTOR, 40W4V ) 1 'I 3 411 17 111' 1 04 'li i 34" i'i r i la 2 .1 20 1 4 r. 6 53 4 1 IK r, 4 12 I 7 18 : I)n)ettmaj. asm of Lasting lvalue CDCZjD XNTEREST or diridend bearing tccurities are Ideal Gifts and will in culcate habits oftkrift and tivinj. Monthly interest or diridend checks will bring back memories rfChristmu nvelve times a year. Wrist mftr Qrnlmr"!" Henry L. Doherty & Company G04 Morris Building Philadelphia, Pa. Telephone! locaat 1440 Net chee. ( 1 1 11 43 2 4 - M sou.. - f - l ?s The Southern Pacific guarantees by endorsement, principal and interest of tho Central Pacific European Loan 4s of 1946 EVEN though the price of these bonds remains stationary, an investment in Central Pacific European Loan 4s at present prices offers the possibility of a 40 profit, when Sterling returns to parity. Circular P-63, giving detailed description, on request. George H. Burr & Co. Invettment (3ecrll(es Commercial Paprr 421 Chestnut Street Philadelphia n f 1 27 yt 8,i V , 51 1 05 2tf ?:: 8 Our Offices in IS Cities Offer You A National Yet a Penonal Service with laat Net chuo, Location and Service Both go hand in hand for banking results. You know where wc are located and we'll be glnd -1 to show you what mean by aervice. Pay us a viaii. wc Third National Bank Opposite Broad Street Station thirtv ; t f.i fif Tered ... 1'. WMat's HftMII 1? Will prices continue to drop? How about wages? Business better or worse during IJ winter, spring, summer and fall Babson's Reports jr, Special Barometer Letter off the press januexy ist, oumuicb winiiis; ccnai- tlons for you. With this (nfonnttjon you can see what's ahead and plan your year accord In fly. It contains forecasts of vltil interest to every business man. REPORT ON REQUEST This Letter and Booklet "Incrmilng Nrt Pmflti." will be sent to Interested executives without chargs. Clip out ths Memo ntm and hand it to your secretary when you dictate the morning's msiu MtftyAikhrBmlUtln S4ZX The Bibson Statistical Organbatlon Wetlesley I111U, 82, Boston, Mats. TSt Vrft Ortmntnihn mDntntn AaVMra in On rTtrld BkBaaaaBBi Mm ntt W. 1 1 "HbmoSs" 1 I WrlU The Bsbson SUtlstlcaiprssnun Writs The Bsbson SUlIstlcalOrgsnursHen. I RoMrW.Wbson.pesweni.wsJiesityMiiia. 1 82, Boston, Mass., as follows: Please send !- me a copyoi nuneun 84ZX r,4t'C5w. fnt in 1921 f" and TDaKlcta " - '-- - I NttPn'fiit"- rrstls. Kjmmm Reading R. R. An inatructivs and inter eating letter describing the physical condition, high and low prices, earnings and holdings of Reading R. R. has been prepared by us and will be sent to all in quirers. Ath for a free copy. BOUREAU& EVANS AfemDera Philadelphia Stocfc Exchanj 130 South 15th St. Philadelphia Locust sisi r.aea int West Phila. Office, 7 S. 52d Street Wm. R. White, Manager Phone: Belmont 8630 Atchison As compared to many other of tho Mrs railroad systems the Atchison prop ery Ib In an enviable position. The outlook for the company under the new railroad law Is clearly brought out In an analyslw of the property which we have Just Issued for our cllcntn. This aperlal review dlccussco the income record jini prospects, effect of tho rat" and wnge Increases, rnlue of Its oil lands, ota Every stock or bond holder should axamlue this exhibit. A few extra copies are available for the first Inquirers. Send two-cent Btamp w'lth name nnd business address for Circular No, 092. Moody's Investors Service 1124 Real Kstatc Trust Building Phila, Pa. New Vork noaton Chleaie MERCANTILE '.BANK OF THE AMERICAS An American Bvk or Forelfn TrijJr 44 TINE STREET NEW YORK Nw0rUin,,rrl,,U4drid,Brln4,IUmtrf Affiliated Banka In Argentina, Draill. Colombia, Coita Rlea, Cuba, llonduril, Nlcarasua, Peru and Vcneiuala, NEWBURGER, HENDERSON & LOEB Members New York and Philadelphia Stock Exchange 1410 Chestnut St. SiC Moore, Swarta, Hindle & Clark ACCOUNTANTS Income Tax Coal Syttemi Aodit Hprure 1177 1IKED DUIUllNa ? Frederick Peirce BONDS 0 'TI IK8 rom OC VrO ur Mil Chtwlaat fllrest. rbllssIpUs -Jl l im rCl SBBataTaBaSSaHsa f-fT'v .4fc', "ivi r Af- i- "TfiLWGgm Vtl LLBBaBBBBBBBaHgl 1 ML tmmmKmmmmgm-smrifW
Significant historical Pennsylvania newspapers