P?5ww
' 1
EVENING PUBLIC LEDGEIV-PHirrADELPHrA:, FRIDAY, DECEMBER 24, 1920
An Ideal gift
for Christmas
A well selected
high grade bond
3nd for our curtent
list of ofl.rlnji
the
Company
PhlUd.tphU 1421 Chestnut St.
Atlantic City Chatlont Dloea
122S Drardwalk
STOCKS DEVELOPED I new york stock exchange transactions i CURB SHARES MOVE
FRESH
WEAKNESS
Lacking Sustaining Power, List
Yioldod Under Renewed
Selling Pressure
Combining
Security
Yearly Maturities
High Yield
As a well-secured short
time investment, we rec
ommend the Five-year
Serial 8r, Gold Notes of
a well-known New Eng
land manufacturing com
pany. Those notes are:
1. Secured by not quick
aets of 2uj times, and
net tangible aset3 oi
5Vi times, the amount
of these note.-.
2. Followed by capital
stock having a current
market value over 8
time this issue of
notes.
Prices for various maturi
ties to net from
9.08f c to 9.42
As for d rr 'v folder
I'.l' L. '-"
Hollister. White & Co.
Tr - r "r . '
North meriun llnllillnc
piiiLAnni.piiL
no.tnn Providence New lorU
Sprlnrflrld Plttetleld Portland
Common Sense In
Investing Money
ABOUkLi 1 v n-ih 'its
the fu'i'l.iincntdl, c m
mun setiie.- -iilee of safety in
investment has just been
published by S. W. Straus
& Co. the H use with the
record of 38 year without
los to any m est- -
Thi ViokU t will be ent
free uti rvque -it : long as
the hU(--. hst ' r.te to
day i- r
BOOKLET 502-Q
S.:STRAUS&tO.
Stock Exchange Building
Philadelphia
38 years without lo&
to any investor
New York. Dec. 2i. Theme who had
counted upon a contlnimtlon uf .vetter
elnj s reoover.v movement found conld
crnlile disappointment in the action of
todaj'H stock mnrkct. Instead of n fur
ther excited marking up of prices which
seemed rensotiuble in view of the vvidel)
heralded oversold condition of the mnr
kct thiTe developed almost immediately
follow lug the opening it discouraging
renotioiiarv tendency. Considerable
Ioiik srrx k came out, Indicating unite
tleurly the weaker accounts were not
Jet entirely eliminated. There wag not,
however, uny evidence of the urgent
selling pressure witnessed earlier in the
week, on the contrary inrreasing dull
ness followed the declines, giving the
da s operation1" more or less of a pro
fessional coloring
In many respects th market was very
'are-el n traders' affair, with many fa
miliar h iracieristics usuinll attending
pre n.-lnin trading In other words,
tl ere -mis a natur.il inclination among
the trading element to e-ven up commit
ments over the double liolida. While
the rebound jestcrduy whs prolific cf a
mueh better fe'illg. et iipparentl) llt
the confide nee wni entertained as to tho
vrmaneni of the recovery Variable
nreeuMnn- t est relay's spirited rally
were mudi at the opening, but the
higher leiel oon encountered a mueh
freer ipplv of stocks, representing in
part pr tit tikmg ! those who had the
tcmentj to 'm.v during the gloomy mo
ments earlier in the week, nnd partly
representing sel'ing of accounts that
had been lu'i). d oir the bumps during
the rieeiit slump
The la u f sustaining power wns
the outstanding development, which,
however, was not surprising iu view of
the recognised limited buing demand.
Hobbed of the buffer furnished by the
overextended short interest, the market
fell under its own tight, as indicated
bv progressive hendwit of the reaction
during the morning. Kccent features of
weakness, especially Heploglc nnd Van
adium Steel, ag.nn proved to bo ex-t-emely
vulnerable, the first named
lropping lfi points, while Vanadium
ost over 4 point
1'res.sure, however, was in evidence lu
all the speculative leaders Tho clump
in the above sp,. mltiis hail an unset
tling influence upon the other stee'
shHies, with Hetlilehcm, Crucible and
I'liit'-d Mitten Steel reaeting 1 to -mints
Heaviness extended to the oils,
Houston, Koval ltut'li, Mexican l'etro
lt um and 1'au Aiuenonn losing 1' to 3h)
points. At tlie same time the leather,
textile and tobacco issuts, ns well as
miscellaneous -Imp's, retlnted renewed
luiuidation Sears-Roebuck breaking
ove- 3 point- while motor specialties
forfeited 1 to - points The rails for
a time held up well, but before midday
gave ground.
TRADIiSG QUIETER
IN LOCAL SHARES
Market Started Out IF oil. but
the Improvement Failed
to Hold
A orav- .-iTort was made to stir up
some sort of a Chrintmas spirit in the
local market community, but the nt
'tempt was greatlv handicapped by the
(.Vnppoiutu.g rejipse of weakness suf
fered bv the larger marlat While price
iiovement was irrejular, the ust alto
L" ther exhibited n mueh tHilier tone
There wii-. a eonsiderable lontraetion in
the Milun e of dealings oompari'd with
reir.t sfoinii, indicating n mar com
Iplttion of the selling for tax mirpoes
After making some improvement nt
the e utet there wan u smpthctic
i shading all along the line. Heessjons,
however i-xeipt in a few sputtering in
snn es vvi re not important ns the mar
ket altogether discloses! I"ttr absorp
tion enpni'ify
'I he more active dealings m enrrecl In
I" ' I l'ennsvlvnnin Iln Imad Klet
tru torage lintterj and American
.Stores The only Tide range of flue -tmition
took place in Kin trie Storage
I Hatter, which had a spread of P
i (loititK between siq and lVi In oUiers
it w is a in-ittir f frartloas
Philadelphia Stocks
11
1-i
NVt
Lawrence E. Brown & Co.
and I
i.'.t, i.-,m
CERTIFIED PUBLIC ACCOUNTANTS
ir,v itrxi. Tri: tKtsT in ik,
Intrsctlc ii nnd otj it unr'nrshtp
leinni r is K uiniK
I. M h Ml I 11
nriov
Sailer & Stevenson
u mj iiit-ivi r
BONDS
lax I nt i. Idio.r ii 2
T
tci se0
LEE, HIGOINSON & CO.
hl ,i . ,n mis
I injree Hi I'diiig
JtOa r -
ino5
I'hila.
Safe Bonds fu Imcstment J
HALSEY, STUART
&. CO. Inc.
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Tliore woro t inl rl.ili iih ii m ui,tif
3-tiTtlay
GOVERNMENT BONDS
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.1:80 Net Dlv.
Hlcrh low Last Che. Salei In $
Advnne Homely .... IS I 1 V 3
Advance llumely pf.. 44'. 45J4 4K 1J4 a00 ..
Air neductlon 33 33 33 1 3300
AJax nubber 3J J Y 130
Alaska Gold Mines... t, T(l- It 230
Alaska Juneau a M.. I 11 400 ..
Allied Chem ft Dye.. 40!S !4 VS-1 15 100 4
Allls-Chalmers 3SJ, 3H 3HH 4- H CO 4
Am Acrrl Chem 4Ji 14 Ki- 00 4
Am Afrrlc Chem pf .80 S 80 W 1700 s
Am Beet Sugar ... 30 3754 39 Ui 300
Am lioach Magneto.. 30s 30 S0 1ft 1300 g
Am Can 74'i 33H SH- H 300 ..
Am fan pf 77 10',i 77 14 100 3.6O
Am Car & Kdy us 11714 in4 .. 3000 s
Am Cnr & Kdv pf 10(1' 10H14 108V5- W 0
Am Cotton Oil 17J 17H 17J4 li V0 it
Am Drujr Syn 7 7 7 4- ft 100 7
Am Hide & Leathor. 7't 7 7ft 4- K 100 ..
Am Hide A Leather pt 3 31 SH .. 800 10
Am lnternat Corp ... 33ft 31V J3V4- V 300 7
Am Linseed 4$ 43 45 . 100 1.78
Am Locomotive, 80J4 HO'A 80 ft 100 ..
Am Safety Uaior.... Hht 8H- ii . 100 ..
Am Ship A Com Hft Hft ft- ft 100 13
Am Smelt A Ilcf. ... 3V. SH SM- 1 000 t
Am Smelt ft Rf pf.. 74T, 74ft 7ft- ft 00 1.00
Am Snuff ne 0' 0'4 .. 1800 4
Am Steel Koundrlai.. soft !ft 30ft 4- i 100 ..
Am Steol Pdys pf ... 8OV4 SOU 0W4- V '00 1
Am ,uar Kef 88 hH no 100
Am sumr Ref pf. ... St DSft 4- 000 .
Am Sumatra Tob.... 701 70ft 70, 4- XU '700
Am Sumatra Tob pf. . 7JH 7H 784- H 1'?
Am Tel A Tel OS OS 0 - ' 1 ""
Am Tobacco 110 110 110 .. 1 2o
Am Tobacco Pf now. . 871 SH. ,7' 4- ? 3,S0
Am Tobacco n lOSft 107 108H- H J'?
Atch Top ft S V pf.. 76ft 76ft lft4- ft 0 7
Atlantic Coast Lino.. tft '-'ft "ft 4- ft 200 ..
Am Writing Paper pf 30 30 30 4- ft -0 7
Am Wooln 0t SO lit - 1ft IO00
Am Zinc Lend ft Smlt 0 100
Anaconda Copper ... 33 31 U 31H- ft 300 0
Asso I?ry Goods 18 1H 1H . 400
Atch Top A Santa Fa. 81 S0 St r ft 1000
Atlantn nir A Atlantic H H 1H H 300 0
Atlantic Fruit 8 flu 4- IW SOO 8
Atl Gulf & W I S 8..10 1031. 103W- 1H 100
Atl Gulf ft W 1 S S pf 3ft 3's tlft- IU 100 s
Atlas Tack Corp.... lift IS1-. UK- ft 10"
Austin Nicholas ... 8 ftft ft- ft 300 1
Austin .N'leliplnn lno pf 81 1 01 - 1 300
Ilaldwln LocoTiotlvo . I4ft 3U 3'A- 1ft 100 7
Haldwln Loco pf IS 03 81 1000 B
Baltimore ft Ohio.... 33ft 32'i 3'- ft SOO 7
Baltimore A Ohio pf. 47K 47ft 7 a Va 100 a
Bam'dale Class A... 3Sft 33ft 35ft 4- ft 3000 40
llarnsdale Class B... 8lft Sift 3ft- ft 100
Harnett Leather ... 36 2S 30 4ft I 300 8
Barrett Co ctfs of deblOlJd 104U 104- ftl SOO
Ba'opllan Mining- .... J4 i "00 3
B-thlehem Motors ... 3ft 3ft 3ft- ft 100
Bethlehem Steel Sift 4Rft Sift-1- 3ft n00
Bethlehem Steel B... S4fi 33W S3 - I'A 100
Bethlehem Steel 8 pf 100 Ji 100 ..I 100 6
Booth Fisheries .... Sft Sft 3ft .. 800 a
Brklyn Ilapld Transit 10 10 10 . . ! 300
Brklyn It T ctfs of dep OH H 0H ft 700 ..
Buffilo Boch & Plttn 65 63 033 100
Butte Copper ft Zlno. 4 4 4 . , 300 5
Butte ft Superior Cop ft 811 Mi 4- fti 330 n
Butterlck 11 11 11 100
Cnddo Central O A It 13 13 13 100
California Packing- ..60 S9 S9 1 100 a
California Petroleum. 37 27 27 1- H 1000
''a. ?lnc A Lead . S 4J 4-f k 1 C
Calumet A Arizona. .43ft 43 43),- ft S00 ..
Canadian Pacific llft 113Ji 11.1 ft 1ft 10 8
Case J I 1st pf 01 01 81 4-3 JO 8
Central Leather 34 ft S3 83 - 1ft 1030 e
Centrnl Leather pf . . l3ft e3'S b.ft f lh ,J
C-rro do Pas'O Cop.. 36 IS 35 - 1ft, JJ 1
Certaln-teed Product OS 35 35 - 3 0030 4
Chandler Motors 65ft 13ft (.4 ft- 3 300 j
Chesainalw A Ohio... SO. sSft S6H-- S1 'J0
Chicago & Ot West pt 17J4 17'A 17'4- v4 1 4000
Chicago Mil A St P . 3Ji 35V '-'SV - ft 00 8
Chlcae Mil A St P pf 41 30ft 38ft- ft JJO 7
Chlcacco Northweutom Oift 13' l3- 1 "JJ 8.30
Chi It I A Pae 35' UN .3- ' I J'0 1
Chi It I A Pac 6 pf SSI4 Ssft 68ft 4- ft J.0?
Chi n I A Pao 7 pf CSV OS Cs ft , 00
Chile Copper ' 8ft 0V hj -
Chlno Copper 17i 17' 17W- ft "-J0
Cluett Peabody 41ft 41ft 41ft r fti "
Coca-Cola 1V 10 10 '
Colorado Fuel A Iron 31 35 25 4- IV 1 'OO
Columb Gua A Elee .50 C9 S8 -- 1 ' J00
Col Graphophono .... 10ft 10 10 4- ' , ,ou
Col Graphophone pf . . 63 5s 6 - 3 500
Consolidated Cigar .. f3 3' 53 4- 1 00 .71
Consolidated Gas .... 76; 75ft 75ft .. 1O60O
Continental Candy .. . H 4 4- ft 100 8
Cnrn Products Itef . . . e7 C3 C5 - 1 ' 100 fl
e-osdm ft Co 27ft 27 27ft- ft. 3500
Cruclhlo Steel (3J 70" 70k- 311 "
Crucible Stee.1 pf . H.'ft ft b3ft- ft 230 r.
Cuban Amor Sugar . 20ft 37- 27V- Hi 710 7
Cuban Cine Sugar . 1S1 lOeiv lot ft 200 6
Cuban Cuno Sugar pf a '6ft 57 . . ' 1 7
fel Luck A Western. 205 300 20U . I 1100 7
Denver A lllo Grardo ft t, t, 200 7
Denver A Hlo Gr pf. 1ft 1ft 1ft .. 103
Dome Mines . . . DJi 0i Oft . . 1 03 S
nmeraon-Braiitlng ., Oft oft 0ft4- 1 UJ0
IJndlcott-Johnson .. 51 'z 47 4ft- 2'4 10'09 0
Dndlcott-Johnaon pf . MS t-4ft 84ft- H 03
Erlo 13ft 12' 11 .. 13s50 1
Erie lHt pf 1 1st, 18ft- ftl 230 3.80
Erie 2d pf . 13ft 13 i 13ft 4. 'A I W3 6
Fnmous Playera L .. 411 40 40-3 '4)0
Famous PlayeTs pf .. 73ft 73 73 . 1 3
Flsk Rubber 10k 1OV4 10H4- ft 00
Frcport Texan . 11 J 14ft 144-u a; 2"S1 10
Gaston Wms A Wlsf 2ft 2ft 2Jn .. 1 00
Gen in Tank Car... 45ft 45ft 45ft -- 1 101 4
General Asphalt .... 40ft is.'i 39''4- l'' 1 0
General Cigar 53? 53 J 63 J & 1 23 8
General 1 Igar pf 84 J s44 W- 3V4 ,S0 u
General I'.lectrlo 1195 llMft list, I 100
General K.ec rto 3i 34 aft- 14 1 M
General Motors 13ft j.m nt- ftl 350' B
Oenera Motors pt . CJ rtT 67 300
Gen Motors deb 0.. 60ft 5ft 69ft4- ts I a'
Gen Motors deb 7.. 70 H 0ft 70ft- 030 1.60
Goodrich B V 34 31J4 33H- Hi
Goodrich B F pf 33 72 ;-. 14 7000 s
Gray A Davis . 10 10 10 J- l' .J??.
Great Northern pf.. . .3J, 73ft 72ft- 1 ,00 , n
Great North Ore ctfs 2V 33tj 305, 1ft ,tlaa S,6
Ouantanamo Suit Co. 12J, 1J& 12J- M ?, ?
Gulf Mob & Nor f 0 4- ft ,?00 '
Gulf Mobile A Nor pf 31ft 3114 31Kj J"? "
Gulf State Steal 21 2U 28 -1 18?. fl
Haskell A Murker Car 54 ft lift t4ft . ,!
Hendee ctfo 16 15 16 4- ft ,00
Hc.'iestnke Mlntnc .50 50 601 iinn
Houston Oil 65 03ft 64 - 3K Inn '
Hupd Motor Car 10ft h sm .. 2Jn0 '
IillnolH Centrnl 6JJ b5 mx .. ;;
Indlahoma Beflnlnr .6 0 6 . inn
Insplratlin Con Cop . XS, :s 28 -" K inn
Interb Con Corp 4 4 y"
Int Agrlcul Corp pf. . 41 47 47 1 no
Intern Harvester ne f4ft 04 94 u ninn I
lnternat Harvcstar pflcl 104 104 4- 4 Jo
lnternat Mer Marine liy, itH 11X- V4 Do
Inter Mor Marino pf. 19, t0A 40ft- u ,n0 -.
lnternat Motortruck . 32 i.i jj 1 i,
Int Motortruck 1st pf 70ft 70Ji 70ft-4. HI iimi
International Nickel.. 12' 13 it - jj ' l,,u
Internatlon.il Paper.. 4e 44 44 - ij4 ' ,00 "
Hllh
Inter Paper pt stpd.. o
Invincible Oil Corp... 4
Iron Products 30
Island Oil 4K
Jew-el Tea 3ft
Kan City Southern.. . 18
Kansas City So pf... 42ft
K C Ft S ft SI cash. 57
Kclly-Sprlngfleld Tlra 33
Kennecott Copper ... It
Keystone T ft It 7ft
Lackawanna Steel ... (Ofi
Lako Erie A West pf 25ft
Lehigh Valley .' t3V
Loewe Co 16ft
Loft Corp 10
Lorillard Tobaooo ...138
Louisville A Nashville 88
Maltlnson A Co 0ft
Manatl Susar 85ft
Manhattan Elev guar. 48
Manhattan Shirt .... 10
Max Motor 1st pf. ... Sft
Max Mot Int Df ct sta 3H
Mexican Pctroloum ..163
Miami Copper 15ft
Middle States Corn.. 13ft
Mid vale Steel ft Ord.. 30 ft
Minn ft St Louts.... 10
Minn St P A St S M 6H
Mo Kansas A Texas, 3
Mo Kan Texas pf . . 44.
Missouri Pnclflo 11 ft
Missouri Paclflo pt. . 37
Montana Power 'ft
Montgomery Ward .. 1414
National Acmo 26ft
Nat An A Chem ctfo. 47ft
National Biscuit ...,103V
Nat Cloak ft Suit.... 26
Nat Cloak A Suit pf . . 0K
National Con ft Cabto 3
Nat Enam A Stamp. . 46ft
National Lead 67ft
Nat K U of Mcx 2d pf 4ft
Nevada Con Copper . H
N O Tex A Mex S
New York Central.... COft
New York C A St t,.. 61U
New York Dock pf... 43
New York N H ft H.. 17ft
New York Ont A West 1 7ft
Norfolk A Southern.. 10
Norrolk A Western... 86ft
North American 51
Northern Pnclflo ... 78ft
Nova Scotia SAC. 30ft
Okla Prod & Bef. ... 3
Ontario Silver Mining 4ft
Otis Elevator 119
Otlo Steel ink
Owena Bottling Mach. 45ft
Paclflo De'elop Corp II W
Pacific Tel A Tel.. 38
Pan-Amer Petrol .... 75'4
Pan-Amer B 69ft
Pennsylvania It It... 30'
Pctui Seaboard Steel. 0
Peoples uas Chicago. 33
Pere Marquetto 15ft
Pere Martiu prior Df 53
Philadelphia Co 33H
Phillips Pet 28 ft
Pleree-Arrow Motor . 17 ft
rioroe-Arrow Motor pf 01
Pierce Oil 10
Pitts Coal 67ft
Plttsuurgh A W Va. . 2S
Presaid Steel Car... 76ft
Pullman 101ft
Punta Alegre Hujar. . 44
Pure Oil 32
Bay Con CoDceer Ill
Heading W)'4
Rcndlnif 1st Df M
Kemlngton Typewriter 2?
iteplo steel 45
Republic Iron A Steel 00
Republic Iron A fctl pf 85
Royal Dutch Amer.. 61ft
St Joseph Lead 11K
Bt Louts San Fran.. 20
St Louis San Fran pf 30ft
St Louis Southwo.it. . 34
St Loulo Southwent pf 34ft
Savage Arms It)'
Saxon Motor 254
Seaboard Air Line... S?
Seaboard Air Line nf oft
Siaro-Roobuck OSft
Shattuck Aril Corn .. 6ft
Shell Transport 40
Sinclair OH 22n
Sloss-SheS 46
Southern Paclflo .... 95 X
Southern Paclflo rtu . 22S
Southern Rail 21V
Southern Rail pf .... 67ft
H'and Oil of N J pf .lOSft
Standard Oil N J newiso
'Jtecl Tube pf 7
Studebaker Vi
f.t idcboker pf . b2ft
Submarine Boat Corp kii
Superior Oil Corp 12H
Tenn Cop A Chotn. . . . 7','
Texas Co 43'i
Texan A Pacific 17ft
Texas A Pao C A O . 2ft
Tlmea Square Supply. H
Tofacco Producta . Sou
Transcontinental OH .
Tranaue A Wma Stc'el SOU
Union Oil 2CJi
Tnlon PnclfM Ill
I'nlon Paclflo nf. .. ci?i
United Alloy Stee!... 20ft
i-r.ltod Cigar Stores.. 137
United Drui; 02
I'nlted Fruit 101ft
T'nlted Rwy Invest .. Oft
1 nit Rwy Invent f . . 19
t'nlted Retail Stored . 60
L' S Ind Alcohol .... els
U H C I P A Fdv . .11
U S Food Productti... 17
V S Realty A Imp... 30je
V S Rubber 5s?i
X- fl Rubber 1st pf.... 7ft
V. 8 Smelt A Ref .... 33
V H Smelt A Ref pf . . 42
U 8 Steel 19ft
U S Steol pt 105ft
Utah Copper ts
Vanadium Corn 33 51
Va-Carollna Chan ... 33
vivnudou Inc 7i
Wabash 7ft
Wabash pf A I8J4
Wabash pf B 13
Weber A Hcllbroner. 8
Western Maryland .. 10V
West Maryland 2d pi 17
Western Taclflo 25ft
Western Union Tc'.. Sift
WestlnghouHo A Brake 83
Westlnchouso E A M 40 ft
Wheeling- ALE
Wheeling A L E pf
White Motor
White Oil Corp ..
Willys-Overland .
Worthing Purnp 4i '
Worth Pump pf A... 76
8
32ft
15
"
Ln
69
21
29
4ft
1ft
17ft
431
57
31M
16ft
7
49 H
25 ft
62
15
'
121
88
ft
65
45 ft
16
Sft
Sft
154
14ft
lift
30 ft
49ft
oeH
3
4ft
17
3ft
47ft
13ft
26 ft
47ft
102 U
2Bft
6S'4
3
46ft
07'
4ft
hH
58
Vfft
61ft
42
17ft
17 ft
8ft
B6ft
51
78ft
30ft
3
4ft
u
13
45ft
n;
38
75',
(,0ft
39
Oft
323
15ft
53
S3'
28!i
17ft
04
10
67 ft
28
70 ft
100?
l
31ft
lift
79V
COft
2
30
59 ft
85
61
11H
19ft
30 '5
24
VI
10 ft
2ft
5K
eft
01
6
38ft
22
40
01vj
311a
20 ft
CO?.
inaft
149ft
70
10
VJft
12ft
rft
42ft
1C4
:cft
43 ft
roft
20U
114
C4
ft
137
102
Oft
ls
4M
ii2U
11
10
80ft
zt'i
am
.sift
41
78H
114 ft
7H
29ft
31
7ft
H
lhJi
13
7ft
10 ft
17ft
33
61
92
40
KM
10-4
f-3
15H
fft
41
7S
1.80 Net
Last Chge
69 - 1
214- V
30 4-
4ft-
3ft
17ft-
43V4 4-
67 -
31M-
18 4-
7
49H4-
V
ft
ft
J4
1
1
ii
Va
H
3Sft 1ft
3 -
15ft
10 4-
120
98
9ft-CSft-r
46 -16
3ft
3ft 4-
15S -
Uft-
llft-
30ft 4-
014
69H4-
3
ih
17H4-3ft-41ft
13 ft
20 ft -47ft
102k-2H-osH
i
4'i
(.7'4-
4ft 4-
M&4
8S 4-
eoft f
5tJ.
43 4- 6ft
17ft f- ft
17ft 4-
II) t.
!)8ft
51 -
5Sft-l
30ft 4
3
4', -
117
1.1
4Sft4.
lli i
J-39k--6h-3.-r
15k
.'1 f3&a4-2Sft-17
ft
(14 4-I0H4-
67ft
2M
7a
100 i 4.
41
3lft4-11H-70
ft
50
27 r
40 -59
ft 4
85 61 -113.4-
10ft .
30ft 4 2Ji
24
3J r
10',
2ft r,H.
9ft J
94 -
Sft-f
33 ft
22H4 40 4-S4H-23ft-20tf,-,17'4-
103ft X
150 i
7 -'
41 -
82ft t- Ht
hj
12tiT
OJi
3 17 ft 4
27 J,-
Sft-
4Sft
694-
roft-
211 ft -
114k-
T4?i4-
20 ft 4-
Va
1H
ft
ft
Ts
V
ft
'
k
ft
ft
U
ft
H
IV
ft
H
M
lft
IV
V
ft
ra
ft
H
H
ft
ft
in
ft
ii
IX
4
ft
ft
ft
Va
IK
134
1
lft
H
127 4- 1
Of!
193 -0ft
19 4-40?,-C3
4.
11
10ft-
31ft
6i
7? 4-
31J5-
41 4-
70ft-
105H.4
7H
31 -
32 4-7ft-74-
lft4-
13
S 4
10 4
17 ft 4
26 4
Ml
W
40ft .
IO144- ft
32ft- ft
13H ..
4ft- ft
41 ft 4- lft
78 4- 3
lft
1
ft
1
13s
1
X
ft
H
"a
ft
ft
Commodity Markets
u
t -r t aci
J per nt I
Hill -
70 - ,
romvecrlH n with Jat
Mrn Ii 'roll, Tu. 1
' rn,rrftl.ii ,n
rijtn e omnier
rev ii, t..'ui. 1 r
-in I.lliiolc hi, I
11 .Is of a r ec. r
k- did I I II is 1
'XllllH'Cly J,e) JJO,
COTTON MARKET
?ew York, Dec 21 -In contrast to
decltmu of 13 to 15 points in ncsiby
delivi'rks of cttton at the opening to
day lite positions were 5 to IU points
higher. In general the market .van
steady, with subm'iiuerit ndvuncca ull
around, parti bit mm on report that
Great Until In iiad made u trade agree
ment with Bolshevik UusMu.
Hpot housea also un'hated, while
Liverpool concerns were moderate sell
ers. At the end of the. firm fifteen min
utes the llt-t w ce, 20 to 2.') points net
higher anil with offerings light and
scattered.
l'revlous J J 3i
r'iov Own p m
mn lr .. . 1 4.1 1(30
Jjnuji, 1 1 '15 14 60 14 Tu
Mar h . , lKn 1IS Hlu
Miv . . . . II ell 14 70 II 70
J ll . 14 ein H 80 14 73
Ii tgl.. . . 14 Oil 14 PS ,
8.1
b
hi 1
A sic
on
si
On
00
Gets 07 Cents and 90 Days
1 rani Harrington, giving an nddrchj
on South Tenth ttreet, who was ar
rested veste-rday foi trving to collect
monej liy me-ins of n Salvation Army
badge, wax given three months In the
House of Correction today by Magis
trate I'ennock in the Germantovvn sta
ton Harrington had collected nliieti-
jci iacTta ccata bcicre b T5r wreatctl, k
GRAIN MARKET
Chlcajco, I)... 24 Operation in the
win at pit were slow and chiefly between
local traders this morning. The under
tone of the nun kct was weaker on re
ports from Washington that strong op
position had dev -loped to the revival of
the War Finnnie Corporation. A holi
day spirit prevailed and there was a
gene nil disposition to even up.
December opened Vj cent lower, at
$170 Match starteel at 31 00 to
$1 IWty, against $1 f!0'4 at the close
ventercfay May opened at a decline of
Vic, at $1 02, recovered the loss and
then declined to tho Initial eiuotntlou...
Uora van irregular, viU "ccemWifty
little easier and May nnd July llrmer
at the start, lltrceipts were liberal
December opened at n decline of at.,
at 71c, but receded to 70"',. Mny started
at 7Cc to 7.ri15sc, against 74Thc at the
end yesterday. July nan quoted at
7,"i'-ic to 75;,c, or the outset, and later
e Id at a net rain of '4c, at 75o.
Outs opened a little inider for De
cember nnd a shade higher for May and
Jt ly. There v.a- buying by an ele
vator coui-cru.
December opened Vic lower at 1740
Mny also btarted at a decline of 1ic, at
4l3ic, and receded to 40Vic. July
opened at a loss of se, at 40c, and sag
ged to 48c
, NEW YORK COFFEE MARKET
j Now York, Dec 24 The coffee
j futures market opened thia morning
with trading very quiet and call prices
'4 to (I points below the close last night.
, Wall Street and commission houses mid,
svith the demand coming from various
scattered sources.
Up to midday there had been no fresh
developments in th coffee market, trad
ing dragging along in an uninteresting
wn, with prices a few points off from
I tho best jxtlnt of the earlier trading
The cables from Mraril failed to pro
mote any cnange lu local sentiment, be
ing about a standoff.
Yoi Clues Open
March 8 62 O4H06O
May 090 a3Hi)
July 7.23 7 1.1 ff '.'0
Bui.tevmbor 7 48 1436 46
11I3
IN NARROW LUIS
Tobacco Products Export 9
Shows Bottor Tono Car
Light Heavy
New York, Dec. 24. Business on
the llroad street curb was of a holiday
character, trading being in small -volume,
and tho tliincfunttonH were con
fined to narrow limits. There wan a
little better tone shown in Tobacco
Products Exports, which moved up to
JV. a gain of over 1 point irom the
low level reached jestcrday. United
Retail f'nnilv wns also uti about 1
point from cstordaj'a low, veiling a
7 to 7V. Sweets Co. of America held
steady at 2Vi to 2?9.
The display of strength in cnrii)
Syndicate was not maintained over
night, nnd that tttoek sold today nt
7V to Oft. International Petroleum
was steady, with trading nt 10 to 15.
There was little business In Hercules
Paper at 10. Car Light was heavy,
selling down to 1. Columbia Kmcr
nld was also in supply and ranged
from 2?i to 2.
Exceptional weakness was shown In
Stnndard Oil of California, which
ielded from 21)8 to 2e5.
1NDVM RIALS
Ae-tre e'oal
llrlt Amer Tot, reg
Ilrlt Am Ten coud .
Car Lfuht
Columbia Kmerald
Cloodxnr Tiro pref ..
Herrulf Paper . . .
Ir.dlnn Packing .
Am Wrlllnit Papr . . .
Perfection Tim
Hoy do Prance
Sweet Co . . .
Tilnnislo JTlliii
17 a Hl'IWI .
Unlt-d Profit Bhartns
United Ret Candy
1M0
Low p. m
12$ ik
INDimENDKNT OILS
Allied Oil 16
Hoono Oil
Hoston Wyomtiw . . .
Cnrlb tynd . .. .
Cltle 8rv "H" ctfi
Cushlnc l'ft
Denny Oil ....
Federal Oil
Cllenrock Oil
Urunada ... . . .
(luffey Olllenrle
minnon uu
Int Fetrul ID
Merrltt on
Meiko OH
North American on
Noble
Ohio Rstncer
Omnr OH . . ....
I'rouucer a Menners ... .
lted Rock Oil
Salt Creel: new
HImnie Pet
.Hltclly Oil
Vn Tim Oil
Wiodburn . ....
Muvint I'rod .
MININO
Alsukn. llr Columbia . .
Atlanta
JIlK Inline
Ilnoth
Ilostnn & Montana
Cnleilcinln Mlnlnc
r-alumet tc Jerome
Catidelarla Mlnlrv .
Corti"? Hllver
Crencent MicNamara
RI Salvador
lfureka c-rneiua . . .
Eureka Holly
Golel cona
Oolel Devcl
doliinelrt Florence
Cold IT.nrM -
CKild Hllver Pick 6
Oold Zono 21
Great Hnd 1
Jumbo lfxtennlon 4
Knuz LMvld 7 ,
loulAlana Co '
MacVamara A
Marich Mining 7
MhBon Valtnv "
Motlier Lodv 65
Mother l-oiln ne. ... 6ft
North Btnr 4
Hay Vrrdn Hi
Flex Cons 4
Koiheflttr Mtries C.
Ropo Group .. .. . vi
Sail To) . . . t
Silver Klre Divide . . 1
rftarrt piinr Ijail . A
HULcesn MlntnR ... .2
Tonopih Jlelmont IS
Tceiiumli c-fh Illy r.
Tonopsh Divide . I'm
Tor ipah-.TIm liutlsr .. . ID
Temntuh Midway . ..12
T nnjnli Mlnlns . lft
Tonorah llzpah . ... S
Tonopah Montarm t
Tenopah Hesue Kulft . ll
Pi, m 1 Euatcrn .. 2'4
Victor) 4
1Vet llnd Con .. (
White Copn . 4
With
I
1-S
. lj, i-i i
. 2 2 2i
. 45 4r II
. 10 M 10
. as as JH
$ if $
S avi 314
2J 2i 2D
ift &
16 13
Hi 1H "
.
7J(, CJ. 0J.
204i 204 2(e4
k k
nil o
23 2 t 2H
4 4 ' 4
25t-i 25 234
U ic' iA
1 11 11
jt ia
4?1 l
N S N
4 4
Tk i i
IK lli 1)4
1A 1N 1A
8A 8A
40 811 40
10 let 10
12 12 12
4 as oi
,v i
3Srt 3rtA 37
',A IS iA
.V rt 6
1 1 1
12 12 12
110 MIS
BAR 3ILVER
Bar silver was 1VJ. higher In lior.don
todajc t 420,
LIVESTOCK QUOTATIONS
Thlcatn. Dec 21 HOCld EntlmMed re
celptu ,16.0110 head, leftover, 3J11 head
SfX VSi-ror'-iKhr " to "" ,,ounl
HHlT'l'.I"l-",,l,n0'.',t5d "selPts 8000 head
HJILKl' Lutlinated recelptu, 2000 head
l'lltNurh, I'n., Z)rC . HOClS lie
Cflpta Line, imui Higher Heavl, 110 25
111 i'i n11-""' 'Uli 1UU 0r""" ""1 """
hficlJi " " " ,op "nbs, J12.
Top.V115';:S""'lC"l,,,, 8 h"'1 S,,!d3f
list HnrTiiIo, N. 1., Dr 2( ( ATTr r
R.cHpt- loo heud fafady I'onmST
low colvfn receipt., luuo head Kifiv
ntH liUher ll17l rltlJ
hi?&?S.L"r,p!r.55.fe'1. . 1 -260
"T" ,- tVV(i . i u iimi.er. .I.eiivy, 111.
m)x-il llllrll 1'6, yorkcM H aj it,,).;
Ju,Kr"r,,5VifiP""' ,150' roUK,J '"'
heail Hteuly t.i -,(re hlnher Uinhs JiVa
12. yarllng, 184) f, Other. unrl,"red tf
1'iin I M. IxjiJn, Illy., Oec 24 catti r
Itiseipt. iloo bead Nu meer or itorker
market he ttutT unci cannern .teady. bulk
of lifcht yearllnny and heifers, tn iiiitk 7B
bulk of row;, 15 8116 60 bulk if rann-r..
13(1 I .6 a few odd calve, at 10 Sn
II'ii)H Heeelptb 6800 heal A-ilvn "1c
to 'i'n. hlg' ur tbun ralerday. avrrH Tuu
lln mi on 170 to UD iKiunils average, medium
lsbi tcp 110 v, hiauu uj to li"!?
bulk ul m,le (1IIKI1J1II7S packer .
steady to 25i hUlur pIks und liglita, BOc
Ulghn up to 111 cjutllty wood
H!IEK1 He Him 2(M),rbd Notradltm
lodicj only one deck of ene. retched
Prices 8trong on Paris Bourse
l'arla, Ve3 24, Prices were Mrontf on
Vii """"o today Three per cent rimer.
37fr 3Bo ; exchange on Ixindon. 6Dfr
ItBoj 5 per cent loan, 86fr 20c. The Uo
lar woo (juoted at iafif.JBcv
Allied, Pack 6b
Aluminum 7. .
Ajr.er Tl lis ot 'VS
Anneonda 0s
Anneon.la 7a uf 2lt
Beth Hteel To of 35
Can Nat Rwy 7s
Heinz Co 7s ,
Inter H T 7e
Kennecott 7o . .
New lf&ven 4s
Heuboard els .
lno!alr 7'?
y. O of Calif 7n
H O of N V 7s of SI
Union Tat'K J
'n-Caro Chm 7Vs
80 V,
. W6
03
ho,
. MV,
PTV,
10O
. l.4
. fJ
. N74
. t
:i
10O
10OH
MH
PB
.1
21
1
4
s
7
K
r.W
4
IS
4
5
(A-
l
2
H
6
IA
in
12
I
!('
-
4
H
4
(.1
06
&3i
ft)
fcs
I31i
100
IV
tltAS
ST.
V)
42H
R7
O'l'd
10014
b'l
f3
7
S
14
1H
4
6
A
4
1
2V
m
r,
i'
IB
IJ
?A
IP
i
4
4H
fsl'i
1)1
03
tt
mVt
ino
024
(17
S7H
m
42 Vb
h7
100
10IIV,
l'T5
on
FOREIGN EXCHANGE
tr Vork. iJesc. 24 Tlio forthcomlnij
suo-31 HHlon of London holidays wau fore
cast at the ojienliitT today In a nominal
market for forvlgn eMcchajige Quoui
tloim, -wlih hanlly an exception, wero
below c4tordav'n final figures Tliiso
d.llneii wore not rcgunlcel as of r.peclal
significance
tjuotatlona wero
Dcvnnnd sterling DB2i;, cables 3,63;
I'Yencli cabloa C S3;, checka C 88ft J lire
c.ihles 3.4H4, checks 3 42; Swiss cables
Cfilft, ohecka 6.63; KUllder cables
3P, checks 31sj ; pesetas cablet) 12.95,
checks 1.&3; Stockholm ciblcsi 19 75,
checkH 19 70; Chrlstlanla and Copen
hagen cables IE 35, checko 16 30; Bol
Blan cubleii 6 221, cliocko 0.22; rnarkB
1 39
lHTT.HDATH FINAL, QUOTATIONS ..
Hterllng PVnncs 7Jro Guilder,
IVm.-vnd 3B2H 6 01 3 41 si 81
Cr.b.c.s 3 6214 B H3 3 43 31 43
TOPV-Y'S orRNI.NO QUOTATIONS
Demard
Cable. .
Sterllrit Prancn Ur Quitters
n r.i-4
3 S3
T. Hhli
a fiii'i
aii
8 ',
31 11
81 37
MONEY-LENDING RATE8
NKH lOItK Money on call, both
clae of coltateml, openod today at 7
per cent for lending nnd renewing.
Vim. uK.l-iu. Call 6 per cent;
time t, rr cent ; commercial pair
thrio to hlx monthc, fl per cent.
(Note -These are merely nominal
quotations, as the legtil rate of Interest
In the state of Pennsylvania Ib fixed at
8 per cent I'luo premiums and com
missions, time money for thirty to ninety
dart is loaned at 8 to 8H per cent, while
commercial iniper, from threo to bIx
months, ts being ottered ut 8 to 8H per
cent )
l)NI)ON Money la quoted at 4
per cent llscount rates, short and
three months' bllla, 6 per cent.
BANK CLEARINGS
Eank clearing, today compftr.d with tir
respundlng d laa tu yeari:
IPSO ioio iniR
Phi a . JS; J5J 0-19 J0405.481 0O 403 BW
tlo.ton 53 848,083 Oli.007 21 1 OO.BObIoSI
Reserve Banks' Discount Rates
.,?,f,n'iiJ:l,""!",.r"t" 1 th, twelv. PM
v.-. ...., w.tna Hi, IOIIOW.
IlO.tOII , . .
Now York .
Philadelphia .
Cloveland
Illcihmond
Atlanta .
ChlcuRo .
M, l.iiln
itliuirapoli.
icaiiMi uny
fcati Kranci.ciu
Treat
ctr..
10
to
V.
BVi
tel
IS
I. h r-,...i ...
i. -i .. "" e "aril
Honda, l'apjr Accept
8
Ml
el
A
0
4
1
? ?& ce.nl on lIr nr cured by RU o.r
ont certificate, and 6 4r cant on i p?f
Uflcft... y l"r Wnl an,f 8 "f Wr'
tDl.count rat. eorm.pond. with In'.,
rata borne by certificate. ped8 a. cni
lateral, with minimum of 6 per cent fn 'h
caeo of Philadelphia, Atlanta. Kafr.a. Clt?
hi,1 IJalla. and 6V4 pr cent In thi "... ,?
aevland, lychmenJ, Chlraga and Bn"?an.
STOCK EXCHANGE SERVICE
Low price u"c attrActlng mAny casli buyers of Listed
Stocks.
Our private wires nnd trained personnel ennblo ub to render prompt
execution of orders for largo or Btnnll lots in till principal markets.
Our Stock Department ie at your service Telephone or write to us.
West & Co.
1117 Cheatnnt St. Members 33 llrtmdtrar
Philadelphia New l'orlt Work Kchnnjrr Strn York
1-Mladelphl Htock Kithanre
A Valued
Christmas Present
Instead of a check on
Christmas Day, why
not give a good bond?
Practically all issues
can be bought in
small denominations.
Semi-annual coupons
act as a constant re
minder of the donor.
There can be no more
acceptable present
than money given in
the form of a bond.
Write for Circular 7358, which
will giro you our recom
mendation. Bonbright & Company
437 Che.tnut Street
FhlUdolphia
Nv York Chicago
Dei ton Detroit
en ' n
Cljttatniajii
(Sift
of
Hajstftts
aaatuc
i
a
Specialists in
OHIO MOTOR, RUBBER
AND STEEL SECURITIES
COMPLETE SERVICE
In All Forms of Investment
Main Departments
Investment, Brokerage
Acceptance, Liberty Itonds
Foreign Exchange
Strttisticnl, Ohio Stxuritiea
Extensive Private Wire
Connections
Members of New York and
Other Principal Stock
Exchanges
OTIS& CO.
Investment Bankers
CLEVELAND
N'cw Tork Do.ton Detroit
Cincinnati Columfiua Toledo
Ahrou YonngntoTTn Denver
Colomdo Hprlncs
rITEREST or fyUni
bearing iccurhiei ar
Ideal Gifts snd will la
cukste habits of thrift and Mnnjr.
Moatkljr interest or divider!
cbedes will bring back memorits
CCfamonu twelve time yxtft
tTriH m$fir Ortalar-T
Henry L. Doherty
& Company
604 Morris Buildin,,
Philadelphia, Pa.
Tslephonei Loctlit 1440
oVt4V
STOCKS-
MOHKf
STRONG HANDS
Have accumuluted the reliablo
securities upon which the pub
lie had to realize cash. They
have been accumulated for a
purpose. That purpose and
somo of the stocks acquired
re outlined in our special let
ter X, which analyzos the
tinanclal situation mariceiwiie.
Letter X will bo sent gratia
upon request. ,
Members l'hlladelphla rJtocL Exchange
1G22 Chestnut Street
l'lionm: riell, hpruce 6017-4860
Kejutone. Itace 731)
74 Tlmadway i 460 6th Ave., N. T.
Htamf.rd, Conn.
Water Power
Development on a tremen
dous scale of hydro-electric
powers heretofore unavail
able is made practical through
recent passage by Congress
of the Water Power Act.
Properly secured hydro-electric
bonds already occupy a
highly favorable investment
status, but undoubtedly Ktich
securities will be increasingly
in demand as the hydro-electric
industry enlarges its
present firmly entrenched po
sition as one of our piincipal
sources of energy.
Ask for our Water Power
Booklet
Harris, Forbes & Co.
Pine Street, Corner William
NEW YORK
PHILADELPHIA OFFICE:
Widcner Bids.
yEf
To Net
Tax Free in Penna.
A First Lien
Long-Term Bond
Interest Earned 0r
3'j Times
Information Upon Request
Baker, Ayling & Young
JOSF.rn W SWAIN. Jr.. Manarnr
Land Title Bldcr.
Boston Philadelphia
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
1960, are 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.
For further particular?
write for circular E.
Hemphill, Noyes 3SCo.
Wemten Nar York Slock Ctchanilt
Franklin Bk. Bldg., Philadelphia
New York Soaton flcranton
Duflalo Albany Syracuie Dattiirott
GEO. A. HUHN & SONS
hllKKS AM 1IIIMIS
Member of the I'MliiiMpliln, Kew
lurk and Chlciilto Stock lUchai.tr.
.New ork Cotton Kiclmng
Comniliilon Order Executed In
All the Principal Marb.t
llKl.UA I'K COl 111 1)1,1)0.
1I1H VViilnut Nt,
M: VOKK ori-irr.
Ill llroitilivay, hew lcrlc
STUDEBAKER
G.nd for our pctat I.ttar on tbl.
stock.
"20 Payment Plan"
Scott & Stump
Investment Securities
Stock Exchange Buildlns
PHILADELPHIA. TA
Xelrpliiine
4'rKTeCe Plae. ftj i'"
Moore, Leonard & Lvnrr.
rushmun Newhall, Malinger
Ilonfl I). partmtnt Hoard lloom
"" W..nirrE.rtto,0,,,Sui
ANNUAL MKKT1 (ifT
tSor-THIi ANM'AI. MIHHINO OP TIIK
"..' .,l.". niMiniuiium and Hhln
ownerj Mutual Inaurance Co. will u h.l!i
at the fifties uf th. rammny ( 7.i. r
!a4i1'll1.U?.'!",V,f' ,eEV"""r, January 8e).
1011, at i o'clock rfoon '
rrrwi,v v nt-AMr n .-
We Offer
$50,000
General Asphalt
H. V. CONV. S.
Due Dec 1st, 1930
At 98ii Yield, 8J.09i
lVnniu State Tnx Hefitnded
Isaac Starr, Jr.. & Co.
Member I'hlll, Hlork lUfhanre
15th nnd Chestnut Sta.
Philadelphia
GRAIN
PROVISIONS COTTON
Our Dally effer Bent on fact""
Hughes & Dier
t Chlearo Uoard of Trad
Members ,nII(l, Huock E,cbanr.
V I'ltl.bursh Stoek Lcha11"
1435 Walnut Street
fJproc SIS Be Hl
Philadelphia
Central Dlst. Tel. 5b, 1943
Penna. W. & Pr. 5s, 1910
I'enn Central Lt. & Pr. 6h, IOCS
Scrantou Klec. 5s, 1937
Scrnnton Elee. 8s, 1931
City of Phlla. 5s, 1970
B0ENNINQ, GARRISON & CO.
Dtre?,T0.W.,l?WeS.,,.,,0ter.
Hwntxs fhlla. Hlovk lchancs
)
unna .,MMaa, frifinnira.
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