?S?Sw?s V v ' "h-fa,v'T-" v; " " nJJSSH. -W"" ---"wai "- ' -'- "''-' " '"v-""n,V'f'5i,nBT! ft J (, 'MUi. 14 jtjyyQgft Attractive issues offer ing attractive yields dominate our January Purchase Sheet. For first of the year investment this list should prove of value. Will bo milled when issued !'" request for ri:-360 MatwnalGty Company Philadelphia 1 Chtitnat St. Atlantic Cltr Challonle Block 1225 Boardwalk Combining Security Yearly Maturities High Yield As n well-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 are: 1. Securod by net quick assets of 21 times, and net tangible assets of BW times, the amount of these note3. 2. Followed by capital stock having a current market value over 6 times this issuo of notes. Prices for various maturi ties to net from 9.08 to 9.42 Ask for descriptive folder P. P. L. S00 Hollister, White & Co. Incorporated North Atnrriran llnlldlnt riiii.ADr.u'iiiA Dmrlftn Pruvlilrnce New Tor Sorinftfleld I'ittoUcId Portland 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 such securities will be increasingly in demand as the hydro-electric industry enlarges its present firmly entrenched po Gition as one of our principal sources of energy. Ask for our Water Power Booklet Harris. Forfees & Go. Pine Street. Corner William MEW YORK PHILADELPHIA OFFICEi Widencr Bldj. Tax Exempt in Penna. DELL TELEPHONE CO. of PENNA. 25-Year First and Refunding Mortgage s Particulars on (i!icatitn A. B. Leach & Co., Inc. Investment Securities 115 South Fourth St. Lehigh Pr. 68. 1297 Georgia Rwy & Pr. 5s. 1954 Jersey City. Hoboken & Pater- son 4s. 1949 Amer. Gas Co os. 2016 Lukena Steel 8s, 1940 Ucut 3111 ianj ritU Bldg. '" " Y" ! 1 e' Cnnnertion Cnnal 4815 Standard Oi! Stocks Bought Sold Quoted l ;. ff a- kiet t Geo. A. Huhn & Sons Mi-mbir. 1'lul.ulrlnliU unj Nf, i irk Siork Kvcinnif MIS '!T" "" "l "r"dray I'KNWA. TAX rUEE SKCUK1TIEH PAUL & CO. lumbar rhlla. Atork Kirhanra 1421 CHESTNUT STREET flmh t. m BA1LKB Sailer & Stevenson U AM) rrrrerrNTjT BT8. 111 BONDS 1 llfiFNFRfll FflRWARR fNEW YORK STOCK EXCHANGE TRANSACTIONS yV" P r-vSffV r.... l.ftrt Mt i V 4KIUJNTX VBA nil IDE IP 111 nTOflln Cftlfa in t 6atf 050 ttoo 3R0O 3)0 tr.no oo 00 010 700 1'IOD noo too too 70JO una ZAOO 300 100 l?00 S!0 10(10 100 11700 100 3000 8700 300 100 3400 4100 4JU0 700 1500 1700 1300 00 1,100 2D00 2100 430 11.100 300 7400 100 0310 100 200 2t)0 310 3l) 400 030 400 210 10500 XOti 100 100 14700 100 8400 ooo 210 13)0 8)0 9300 700 1000 300 800 100 200 BOO 5010 1400 3390 1000 M00 100 300(1 4700 300 1100 asoo 1700 700 100 3200 0030 5400 000 3700 100 3J0 7000 amM mmmm Urgent Covoring and Heavy Rebuying Carried Whole List Up Swiftly New York, Dec .11. The year closed with n brnnd nml buoyant ntork market todny, with ndviinces ranging from 1 tn more than 5 points in tlic lending slinroH of both the rnllrond and Indus trial divisions. The wider gains. In fart, wire scored by the more stiecu lntlvo isaiies, which siiRSrstril lihcrnl coverlnB of actual short contracts. There was In all quarters of the list also con siderable rebtiyine on the part of those who had previously sold for the purpose of establishing losses for income tax re turns. In brief, the demand nt all time was far in excess of the supply, which kept prices pushing steadily forward during almost the entire session. At the same time there was n continuation of the heavy trading in bonds, both on the floor of the exchange and over the counter as well as in the outside market. Only a few stocks moved ngainst the general upward current and the mo mentum of the rising tide of values be came so vigorous ns the day progressed as to sweep them upward with the rest of the list. Comparatively few "cash" transactions uero made to establish losses for income tax returns for the expiring year, thereby giving further proof of the completion of these trans actions, which uere estimated to have been approximately from 00 to M) per cent of the reevnt heavy selling move ment. In so far as news or developments were concerned little developed oer night or during the morning to effect the mnrket sentiment much either way As u matter of fact, because of the pure tei hnlcul caliber of the deuliugs the da 's movements, while interesting and highly encouraging from a con structive point, could be described as entirely colorless. Individual feature was entirely lacking because of the iiuiform nature of the movement. The Industrials Mippltmted the rails in the leadership, although the latter con tinued to hold a strong position. The upward swing started almost ut the outset, with the rails aud equip ments and scattering specialties hold ing the front of the line. Atlantic Oulf was once more the most conspicuous exception, opening at a fractional loss, whidi soon was increu-ed to 4 points, or it new low record at 71 Vu- Oils, equipments, motors, coppers, tobaccos, textiles and leathern became increasingly active aud strong during the morning. Mexican and Pan -America Petroleums, Royal Dutch, New York Air lirake, llaldwin, Kelly Springfield, I'nited States Rubber. Goodrich. Anaconda, American Smelt ing, Americun Tobacco, Tobacco Prod ucts. American Woolen. Central Leather nud Hide and Leather preferred registered overnight gulns of J to al most 0 points. Kails moved more de liberately, however, the rise among in vestment and speculative issues hold ing within 1 to 2 poiut limits. Atlan tic Gulf made up the greater part of its loss and Vanadium was strongest of the Independent steels. HIGHER PRICES IN LOCAL MARKET 3300 701) 500 3500 330 300 rr ooo 400 3230 100 1300 100 Dealings Fall Off With Com pletion of the Tax Loss Sales The mnrket contraction in the volume of dealings m today's local market furn ished ample proof, us to the large per centage the recent operations had been for the ri'irpoe of establishing stock l(si-s S.ime belated fcelllng for this purpose appeared in evernl of the local st cks which was dune on a cash basis. nut tiie market laced !n bnndth and olnnie it made up in strength Thiit was parti the outcome of rbuying by. fl.oT who lind snM for fax purposes; rartiv to einenng f shirts and partly ti wli.it m pnpuiarlj called reinvest ment buing. Hegardie-s of the causes or condition-, the tone of flie market was grcntly improved ami for the first time since before the e'.ei-tion there was a general upmarking of prices prettv well along the whole line. On cash sales I ; I mild at -ft and in the regular way. ex -dividend of 50 cents sold at as i ; Iu point of gain Electric Storage Bf.rterj lfd uitt. an advance of over .1 points at P." American Has ran up i over a point to 2tUJ. Lehigh Naviga tion wns 1', points higher at tlSi. 1 An iricat :oreti at the same time mi lled to 4ns. Smallfr f-artinnal gains were re corded b Philadelphia Hapid Transit, I'hliadelphiu Klectric, Lake Superior and I'ennslvania Salt. i FOREIGN EXCHANGE .Sew Yurk. Deo SI The forelKn ex i..ini?e marknt ofiened Irrejrular with pi- wide variations In quotations Tio fonturr ntitalilo of tho allied exchange. an a col!apsi of the bull movement In -.irilah exchfingf Fnim a nominal c Kh yesterda- ! 13 &2. the market .. red this morninsr ut 13 42. The tch ' a. xjilsjiatlnr fir 'he rise wis that Spanish hank, in order to assist the Ban of Barciona whose funds wore "1 up. wer compelled to sell dollars with the result of forcing a rise In pe setas Sterling at the outset showed a ealn of .. to 'i S for cables and 3 63 't demand PYancs RAlnod t'4. to C 94 'or cables and S D3 tor checks Lira we red an improvement of IV. to 3 48 for r.il U-s 3 47i, for checks j i 'ihr quotations re Swihj cjit.ies IS 23 checks 15 20. KU Ider cables 31 T-lii checks 31 30; p- l seins cableB 13 4 2. checks 13 4", Stock- hi.im cables 10 M checks 10 05; Chrls- ' I'liinm HJid CV,rnh'iKen c;ibles 15 65 cl,,r-ks 15 50 Ueleiun cables 6 22H, Vl " ii"n were l 31,'. I The premium un New York exchange . t Montreal ua Vt per cent higher ut 1 .i per ce:t The discount on (an i ad an funds on Nt York wtu BllKhtly i higher at 13' per cent YKUTKUIJAVH FlSAl. QLVTATION8 3 a,"i.!fl! l.ra!.'c'J I'lr" Oullders I-ttMl 3'2. , (.1 3 4" SI 3.'i ' tW' 3 ' IS r. I..' l in , ,j TUliAY S OI'KNI.NO i.'flrATIONH r tr. Franr I.ire rUuJerH 3 S3 S iv, S V't 31 30 I ' 5 IU 3 4S SI IS Demand BANK CLEARINGS hnr.rf r,0.trlnirN todn, n mparrd with cor reipmullnir dn) nn Uu yearn ici'i miK join V.A' . J-..1 Til 70i tr.'S 7HJ 10.' Holiday ll..it.,rr 7u lsu S4'J 70 401 lido Holiday LIVESTOCK QUOTATIONS I Mrao. lr 31 HO)S Kmlmated ra- ielt 7 I mo head left oer 111 1191 hei.l praiinal) ni'Hnu d'llnu bidding motl ! 3'.' tc p0f I' ,r than iterdav' uveriKe . Jii VI in I f .r 1511 to Ifld pound a.TrfRf I'XTTI.fc -Ealln.alfl . eljua 1000 head .-KRKP- Ksitmat"! ' ein io hiad rtltetrarBh. !., eelit 30O0 hea 1 'Mil heavy and .1 Iirxis-n.- .1i.ii! Iteavlea tit 7"i hrht yorkera and pltrx. mi Mia 10 7'. HIIRI.'I' AND I-VM11H Uecelpta loon teiidy Top nhoep n top lamba IIS 50. WCAI.VKH Jlerotpta, 1000 Utaudy Top 118 50 Prices Lower on Paris Bourse Pari. Dec. 31 I'rlcee were lower in. C. H. TATTON the nourse. today Three per cent rentes, 6Vr 40a; exchange on. London Stfr SOc , ftee, Ylddlng iY, to 8 l,UVuu aTiOfV'.Sv- 1 1 U UVI1UI EVENING PUBIilO LEDER Illth Low 154 33 so 54 ?i 1 43 8854 20 85)4 41 47i 41 83 34 H 70 110 17 5SVS 054 1 41 42 37 0 48 8814 100 85 7?4 7H 33 75 29 82 8954 084 7354 94 tj 112 110 5854 30 64 39T4 254 13 24 23 45 8254 73 0 80 R54 ?1 54 43H 14 H 04 8354 93 30 60 102 IK 62 64 0954 3H 85 9J4 40 8114 454 H 1354 60J4 255i 44 40 ft 11514 344 84 35 02 60 8 10 2054 43 8854 10 27 02 74J4 0 1894 3054 105a 2054 57 0 62 li 54'i 79 19 6354 354 07 100 K 27 71 H 8154 28 H 10 V 0154 275 1 oh 354 0 54 1854 0 63 1454 30 54 15 454 74 2 104 13 2K 30 117 53 8354 119 3H 13 0074 70 I3H 17 7854 38 !4 12 054 22 27 65 14 60 02X 10M 30 85J4 n 14 2SI4 4H 10H 13K 5054 05 101 Ji 104 4854 34 7i 54 13 H 4554 70 vi 54 33 H 3 8 1354 20 45VS 1554 .. Advance nuraelr 1H . Air Reduction 33 H 4 AJax nubber 3014 .. Alaska Oold Mines... Ti .. Alaska Juneau O M.. la .. Allied Chem Dye.. . 43 .. Allied Chem A Dye pf H8H 4 Allle-Chalmers 30 H Am Agrle Chem 57 V 8 Am Dect Sugar 4ty4 10 Am Dosch Migrnoto... 40 4 Am II Shoe Fdy new. . 41 7 Am U Sh P pf new 83 .. Am Can 20 7 Am Can pf 80 17 Am Car ft Fdy 122IJ .. Am Cotton Oil 17?4 0 Am Cotton Oil pf. ... SSti 80 Am Drujr Syn 8Ti .. Am Hide A Leather.. 7H 7 Am Hide St Loavhcr pf 1 yi 4 Am Ice 42 .. Am Internal Corp.... 4IT-6 1 Am-La Franco Kng. . 0 5 Am Linseed 4014 Am Locomotive BSyS 7 Am Locomotlvo pf . . . . 100 . . Am Radiator 83 .. Am Safety Razor.... 8K .. Am Ship A Com 0 4 Am Smelt A Ref 33 7 Am Smelt A Rcf pf . . 76 8 Am Steel Foundries.. 2H 7 Am Steel Fdys pf.... 825$ 7 Am Sugar Ref 81 H 7 Am Sugar Ref pf. ... 8054 10 Am Sumatra Tob.... 75 8 Am Tel A Tel Byi 13 Am Tobacco 115 13 Am Tobacco B lllH 7 Am Woolen 01 V .. Am Writing Paper pf 30 VJ .. Am Zlno Lead A Smlt 1H 0 Am Zlno Lend A S pf 29Tj Anaconda Copper .... 34V5 . . Ann Arbor 13 .. Assets Realization .. 7H 4 Asso Dry Goods 35V 7 Asso Dry Goods 2d pf 45 8 Atch Top A Santa Fe 8.1 U 0 Atch Top A S F pf . . . 76VJ . . Atlnnfn Blr A Atlantic 7 7 Atlantic Coast Lino.. 87 . . Atlnntlo Fruit 85a 10 Atl Gulf A W 1 S S. . . 78K 5 Atl Gulf A W I S S pf 45 .. Atlns Tack Corp 1434 .. Austin Nicholas 04 7 Baldwin Locomotive . 8oy 7 Bnldwln Loco pf 03 .. Baltlmoro A Ohio.... 37 4 Baltimore A Ohio pf . . 52 Ji 8 narrett ctfs of deb. . . 103 .. Bethlehem Motors ... 2'4 3 Bethlehem Steel 53 8 Bethlehem Steel B.... 35& 8 Bethlehem Steel 8 pf 00H .. Booth Fisheries 44 8 Brooklyn Edison .... 85 .. Brklyn Rapid Transit 10' .. Biklyn Union Gas ... 40 10 Burns Bms 8i .. Butto Copper A Zlno. 4 .. Butte & Superior Cop 11 V .. Caddo Central O & R 14 a California Packing .. 0055 .. California Petroleum. 28 3 Cal Zinc A Lead.... 4f 4 Calumet A Arizona... 40 jj 10 Canadian Paclflo ....11754 .. Central Leather 3' 7 Central Leather pf . . . M 4 Ccrro de Pasco Cop.. 20 10 Chandler Motors 64T5 4 Chesapeake A Ohio... 81 U .. Chicago A Gt West... 8V5 .. Chicago & Gt West pf 10 .. Chadgo Mil A6t P... 30JS . . Chicago Mil A St P pf 45 8 Chicago Northwestern C7H 8 Chi Pneumatic Tool.. 8155 .. Chi R I A Pac 2854 8 Chi R I A Pac 6 pf 62 7 Chi R I A Pac 1 pf 7454 14H- H 3354 14 3054 Ti W 1 45 H 54 80J4 1 0) 114 87 3 4354 254 49 41- 154 83 154 20 154 79W Hi H254 854- 1754 1 8855- 1 OK- 54 7V4 IV4 41 3 42 - 54 4155 54 0 4054 154 8354 254 100 05 84 0154 ft J 1T4 It 5J4 2854 154 8254 .. 91K 134 0054 54 75 154 9554 115 4 111H 1H 61 3 30J4 .. 74 1 20J4 J4 34J4 3 13 34 54 25 2 45 4J4 83 1 7654 1T4 7Ht- 3 861 R4 J4 764 a 44-2 14J4 0H 88 3 03 .17 154 53 X 3 103 1 IK- 'A 63 55K 2 904- 44 1 85-3 10 49 - K 83 1 44 94 2 13 54- 0054 2554 K 4K 54 40J4 H 1154 1H 37 254 84 94 361 C4J4 174 61J4 1 854 H 10 54 3054 154 45 -r 254 07 CO 3854 154 02 - 94 7454 1 0K !4 1014 14 3CJ4- 1954 55 3754 2 68 10 54 6355- 154 4 J4 80 3 1994- 94 55 355 854- 08 1 100K 8 20 14 7054 354 6355 . . 2054 H 23 254 6554 4 335 1- 54 10 354 .. OH .. 1854 94 694 154 64V4I1K 145 21 K 15 4- H 48 J4 753 2 1255iH 141 3K H 1 3 i7 - IK 53 154 8255- 155 121V5 2 4 1455 4- TI 0254 154 731 37 894 1794 78 194 30 34 13 054- Ti 23J5 J4 27 1 53 Chile Copper DM ounj i.oo imno v.opper iBJ-e 700 . . Clev Cln Chi & St L. 3054 . . Coca-Cola 1BJ4 8 Colorado Fuel A Iron 2754 B Columb Gas A Elec... JS 1 Col Graphophono .... 10 Col Graphophone pf . . 3 7 Consolidated Cigar 54 Ti 7 Consolidated Gas 80 t Consolidated Textiles. 1D&4 7 Continental Can 55 1 Continental Candy ... 354 4 Corn Products Rer... C8 7 Com Products Ref pflOOJi 800 7.80 Cosden A Co 30 0(00 8 Cruclblo Steel 7055 030 7 Crucible Steel pf 8354 2230 5210 7 Cuban Amer Sutrar... 2BJ4 . . Cuban Cane Sugar. . . 33 7 Cuban Cane Sugar pf 8854 10 Del Lack & Western . . 225 .. Denver A Rio Gr pf . . 1 1 Dome Mines 10 H .. Duluth So S A At.... 3'4 . Duluth So S A At pf. 054 800 100 17)0 1890 300 100 230 100 2000 2800 2010 100 1000 400 100 47)0 1200 2000 2000 200 403 310 2500 7S0O 10S1U moo 710 3010 20 5400 1310 100 300 300 100 100 100 100 1700 400 100 301) 200 300 100 170 403 100 500 1800 500 100 4300 501) 200 1OC0 3101) 200 100 500 7OO 100 500 100 soo too GOO Elk Horn Coal 1854 . . Emerson-Brantlng . . . 8?4 5 lidlcott-Johnson .... 8454 .. Erie 14JS . Krlo 1st pf 21 .. Erlo 2d pf 15 8 Famous Players L... 47 8 Famous Pl.iers pf... 75 7 Federal Mln A Smlt pf 23 .. Flsk Rubber l'-!4 .. Freeport TexaB 14 .. Gaston Wms A Wig.. 2J .. General Asphalt 41 . . Gen Chem c of d 11754 fl General Cigar 53 7 General Cigar pf .... 8254 8 General Electric 121 54 .. General Electrlo rta.. 4'4 1 General Motors 14 54 0 Gen Motors deb 6.. C2J4 7 Gen Motors deb 7.. 72 6 Goodrich B F 37 .. Gran by Consol M & M 17 7 Great Northern pf.... 78 4 Great North Ore ctfs DO 5 Guantanamo Sutr Co. . 12 .. Gulf Mobile A Nor.. 954 . . Gulf Mobllo A Nor pf 3254 .. Gulf State Stol 27 4 Haskell A Barkor Cor. 83 . . Hendee ctfs 14 . . Homestake Mlntnr . . 50 . . Houston Oil 70 1 Hupp Motor Car 11 3 Hydraulic Steel .... 20 7 Illinois Central K6 80 Indlahoma Ref 8 3 Indian Running lty, i Inspiration Cod Cop.. 28J4 .. Interb Con Corp 44 .. Interb Con Corp pf... 11 .. Intcrnat Agrlcul 12J 8 Int Agrlcul Corp pf.. 50H 7 Intl Harvester now... 85 7 Int Harvester pf . ..101Ji ,. Inter Mer Marine ... lOii 0 Int Mer Marino pf... 514 .. Internat Motortruck . 3454 7 Int Motortruck 1st pf 73 .. International Nickel . 12J .. International Paper . . 7J Inted Paper pf stpd.. 70 .. Invincible Oil Corp... V2 Iron Produota 34 .. Island Oil 44 . . Jewel Tea :i . . Jewel Tea pf H t Jonen Bros Tea 1354 .. Kan City Southern.. 2($ 4 Kansas City So pf . . . 43(5 2 Kenneoott Coppur ... 1654 14 60 70 11 20 83', - 0 4K 11- 12K 50K 95 I01K 1034 S1J4 S4 72 12 94 7K 70 "94 33 -44- 3 H 1354 unchanged to 15 points higher with Jnn uar relatively firm. No freKh news feature was commented on uround the ring, and it looked an though scattering accounts had been pretty well evened up before the close yesterday. Commodity Markets COTTON MARKET Nfv Vorli, Doc 31. After orii'iiinR rather easy today nt 10 to 20 points (Jiriiiip, bcratme of wink onbli's, Wall Mtni't HPlline and lornl liiuidation, the cottnii market soou rprovercl aud, in the i'iim- of Jiinuary, M)ld 10 poiuUi over lnMt night' clocc. due to covering order-, und hpnt house biiniK Liverpool also woh n fair bujer of tin- near posi tions So far m -ould be learned, no notiees were liued this mornlnj:. The local mnrket will cIokp at 12 o'clock noon toda nnd no traiiHfers of no: i-h can be mnde after that hour. t house brokers were Hellers of nnd luners of July during the . . lie of mornine prcsiitnubly trans ferring lortg coiitnactH to the later lellvery. but general butdnenH wan of a pre holiday character. Prices J)Pld steady, active monttiB ruling about net Previoua Clone 14 1(1 Jan. . Marrh Hay . July . Oct .. Hid 1.1 43 13 73 IS h; IS 0J GRAIN MARKET Chicago, Dee. 31. Bujing by u local professional nnd a house with enstern connections rallied wheat this morn ing after the market had Htarted easier under scattered selling by commission houses. Iteports that the British Com mission lind reduced the price of wheat from (Jrent Britain, per quarter, were partially responsible for the initial - PHttJADELPHIA; FRIDAY, DECEMBER 31, 1920 Dlv. la I Hth 4 Keuy-uprtngfletd Tire 40 8 Kelly-Spg T 8 pf.. 88 . . Kelsoy Wheel 38 1. 80 Keystone T A R 8f( 1 Lackawanna Steel . . . 8054 .. Lako Erie A West.... 14 2 Lee Rubber Tire 164 1.80 Lehigh Valley 654 It Liggett A Myers 183 Sales 3800 390 600 400 400 100 60 3400 100 3v0 300 100 100 100 600 100 100 600 100 35 100 100 200 100 18000 330 7000 6000 800 34)0 1400 400 3700 700 1400 100 Low 3054 88 38 854 8054 14 16 8454 183 994 1454 10 3054 128 07 1)0 6754 08 1K 14 16 3 1W 6655 18454 15 11 T4 3054 13 94 70 3 494 199i 4054 19 20 25 K 45 98 26 6994 3T4 47 66 455 8K 76 73K 51 10T4 40 1B94 18 10K 0054 84 8 25 13K 4354 00 UK 654 41 73 6754 12 755 30 3355 17K 61 33 27M 0494 18J4 094 58 63 94 30 13 79K 60 104 94 4? (394 80 3094 11 MT4 83 94 67 26 S3 94 60 1. 094 55 394 12 23 26 37 454 10 3J4 0 1055 94 9034 1634 2194 4 54 42 J4 4755 63 094 25 K 23 68 lOo 70 23 J4 29 43 9 J254 30 0 43K 17 20 14 40K 8 6 39 37 67 "34 119 63 355 100 94 10594 50 54 11 31 38 1HK G4K 40 01 loo T4 30 K 794 1(174 4734 8 35 324 7 894 2054 1054 ll4 3754 64 0 43 60 10 3l!4 13 H 4T4 rs55 no .10794 4334 7355 50(5 7 Liggett A flyers pf... 00K Loewo Co 18 Loft Corp . 10 3054 Looso-Wllcs Biscuit II Lorlllard Tob 180 7 Lorlllard Tob pf 07 7 Louisville A Noshv111el054 4 Mackay pf 68 10 Manatl Sugar 08 1.78 Manhattan Shirt .... 1BJ4 2 Marlin. Parry 14 07 10054 68 08 18K 14 15 2 154 0654 18054 15 .. Math Alkali 15 . . Maxwell Motor 3 ;u .. Max Mot 2d uf ctfa 8 May Cept Stores 66 It Mexican Petroleum... 16054 2 Miami Copper 15 1.60 Middle States Corp.. 13 4 Mldvalo Steel A Ord.. 31 .. Minn A St L now ... 13 7 Minn St P A St SM.. 70 . . Mo Kansas A Toxaa.. S 3 4K 2054 4154 . . Mo Kansas A Texas pf 4K .. niHuuri l-nciuu.... .. Missouri Paclflo pf. .. .. Montgomery Word .. 2054 4154 19 Ti 20 30 MUlllns Body ....... 400 8.80 National Acme 100 100 400 300 500 500 100 100 3030 1500 2500 100 400 1 50 4000 100 100 1300 8000 402) 1200 2000 3500 030 800 1300 100 0000 60(1 300 3000 6000 35.(0 1000 100 1000 600 300 4000 3000 330 100 3000 200 845 600 1800 4000 6000 400 100 1 4000 7000 300 34)00 1200 1200 6000 000 08 30 2000 I 100 2600 1500 1300 100 500 800 200 3000 800 100 600 15500 100 200 100 300 0000 10800 6100 300 300 300 100 500 9100 100 30J 600 6300 11300 6430 3100 13v0 3300 4)0 6100 100 100 200 1500 1500 400 800 100 800 8300 300 100 100 10100 1200 (100 10600 100 700 35100 3)0 8700 500 3300 4100 101!) 1103 3100 200 400 1500 700 100 2100 100 1200 ItOO 03)0 7000 1000 200 200 400 100 205 Nat An Ch ctfs 4514 7 National Biscuit ....8 .. Nat Cloak & Suit ... 2554 7 Nat Cloak A Suit pf.. 6094 .. Nat Con A Cablo.... 3T4 0 Nat Enamel A Stamp. 40 a National Lead 06 . Nat R R of Mex 2d pf 4J5 .. Nev Con Copper..'... 094 10 New York Air Brake. 78 B New York Central... 74K . . New York C A St L. . 54 80 Now York Dock 0J4 08 B New York Dock pf. .. 40 .. New York N II A II.. 10 1 New York Ont A W.. 18J4 .. Norfolk A Southern.. 10 K 7 Norfolk A Wcstorn... B0T4 7 Northern Paclflo .... 8554 401 Okla Prod A Ref.... 3 2 Orpheum Circuit .... 20 .. Otis Steel IS 3 Owens Bot Mnch .... 45y5 7 Owens Bottling pf ... 06 .. Pnclflc Devcl Corp... 12 S Pacific Gaa A Eloo ..4854 .. Pacific Oil wl 4154 3 26 13 4554 90 12 Pan-Amer Petrol ... 7454 Pan-Amer B 60 Parish A Bingham .. 12 Penn Seaboard Steel. 0 Pennsylvania R R ... 404 Peoples Gas Chicago. . SSK Pere Marquette 18 Pere Marq prior pf . . 61 Philadelphia Co 35 Phillips Pet 28J4 Phlllips-Jones pf 05 Plerce-Arrow Motor . 20 Pierce Oil 10 Pitts Coal 68 Pitts Coal pf 134 Pittsburgh A W Va.. 80T4 Pond Creek Coal 1354 Pressed Steel Car.... 81 68 63K 30T4 13 81 00 Pub Sorv Corp of N J 60 Pullman .166 8 Puntu AlegTo Sugar. 48 JK 60 20K 1154 4 Puro Oil 8 Railway Steel Spring-. .85 Rand Mln Am Shares, 1 Ray Con Copper .... 4 lleadlne 80 65 2 Reading 1st pf 63 3 iteadlnc 2d pf 60 .. itemington rypewrur 3794 .. Replo Steel 34 0 Hepublle. iron A Stool 0394 .. jicjjuuiio itoiortrucK. . . Robert Rels A Co . . . 7 R Reis A Co 1st Pf. .20 Royal Dutch Amer.. 1 St Joseph Lead .. St Loula San Fran. .. St Louis Southwest . 18 094 55)4 65 J4 12 23 94 27 . . St Louis Southwest pf 38 451 1 aania Cecelia Sugar , .. Savage Arms . . Saxon Motor .. Seaboard Air Line ., . . Seaboard Air Lln nf . 11 294 05 1154 11 2K ' 055 1155 7 Sears-Roobucit pf .... 08f .. Seneca Cop Corp ... 17 .. Sinclair Oil 2394 .. Shattuck Arizona corp 4 74 Shell Transport 43 6 Sloas-ShefC 4754 12 South Porto Rico Sug. 8354 6 Southern Pacific ....lOlti bouthem Pacific rta . 26 94 Southern Rail 23 T4 Southern Rail pf ... 88 Stand OH of N J Df. .10854 Stoel Tube pf 70 mewart Warner Sp.. 3554 Shomberg Carb 31 Studebaker 4594 Submar Boat Corp . . 95', Superior Oil Corp ... 1254 4 Temtor Corn A F "A" 26' . . Tenn Cop A Chem ... 7 3 Texas Co 44 .. Texna A Pacific 1854 1 Texas A Pao C A O.. 28 .. Tidewater OH rta .... 1454 0 Tobacco Products . . . 53 . . Tol St L West ctfs . . 10 .. Transcontinental Oil . 7K 8 Transue A Wma Steel 30 2 . 60 Twin City UT 37 8 Union Bag A Paper.. 07 .. Union OH 29 10 Union Paclflo 120 4 Union Paclflo pf Ojk 4 United Alloy Steel ... 32 7 United Cigar Stores pflOOH 12 United Fruit 108 8 United Retail Stores.. 6294 .. United Rwy Invest.. 11 .. Unl Rwy Invest pf . . 21 6 U S C I P A Fdy pf . . 38 0 U S Food Products.. 21 K 8 U S Ind Alcohol .... 00 120 osK 32 ii 21 38 "94 0CJ4 40 OS 10074 U S Realty A Imp... 40 8 BUS Rubber 055 8 U S Rubber lat pf. .100 K 54 94 X 2 254 .10 B 7 6 4 0 1 u s smelt A Ret. . U S Steel U S Stcol pf Utah Copper Utah Sec Va-Carollna Chem Vanadium Corp . , Vlvadon Ina 3354 . HI 94 .10794 . 60 . 0 . 3855 . 1494 0 Wabash Syj waboah pfd A 21 55 Western Maryland .. 10 54 West Maryland 2d pf 18 94 Western Paclflo 2955 Western Union Tl .. 845i Weatlnghouse A Drako fo Weatlnghouse K A M. 4.1 Westing BAM lat pt CO Wheeling ALE... luj-5 White Motor 3554 White Oil Corp 175 Willys-Overland 694 Wilson A Co 8854 Wisconsin Central .. .10 Woolworth F W 107 94 394 1 1 H 2 154 49. woriningion rump Worth Pump pf A. 44 72J4 10J4 A worth Pump pf B Ea -dividend. selling, while further talk of a better demand from millers for the cash nrtlclo and nrmne.sH In securities brought about Improved sentiment after the start. December opened Jc higher, at ? ei W-nid' y?rch Htnr,c, flt 51.00t to $l.rt.a4 and later sold at a net ad vance of V at $1.07. May opened at 51 01 to $1.(10 nnd later sold at n net gain of 1 cent, nt $1.02. Tiadc in corn was slow and feature less and the market wns easier. Com mission houses were on both sides There were deliveries of 505,000 bushels on December contracts. i rin lllfrh Ii fluae i 14.00 14 83 14.00 14 34 :!-. 13 43 13 Mi 13 43 13 MlHTi I 13 31 13 Ii7 13.33 13 83W87 I IS (13 11 13 1'J 8 14 boTOS 14 lit 18 70 14 09 (J 10, 10 70 December opened c lower, at 70'c, mill receded to OOMjC May opeued nt 74 Mi to 74c, ngninst 7lc nt the end esterday. July Btarted with a decllue of Vie, at 74MjC, and sagged to 74c. Oats were easier, with transactions small, December opened c lower at 4094c. May started at 41) to 40M,c. nPl.air ""y .at yesterday's last price of 40V4c. July opftaed Uc lower at D7SU FRACTIONAL GAINS 1:80 Nt La it Crura. 40 -r Va 85 3 381 K 3a 80VS IVa 14 16 - K 65J4 154 132 3 90K 3Hi 14T4- 54 10- 30 854 130 E Trado of Holiday Character. Oils Show Slight Improvement New York, Dec. 31. Business on the Broad street curb was quiet nnd of a purely holidny character, sales being small. There was a slightly better tone In the oil lint. The general tone wns Arm. The absence of offerings nt concess Along created sufficient demand to cause fractional coins in most of the Issues in which there was a moderate nmobnt of trading. International Petroleum moved up from 15 to 10 and United Retail Candy ranged from 7 to 7. SImms Petroleum and Skelly Oil, while in fair demand, were unchanged in prices. Goodyear Tire wan not Influenced by the statement published venterdny. the 4 1 3T4 54 H 18 1V 81 154 13 J4 70 54 common stock selling nt 18 to 10 and the preferred ranging irom iu to w. inter continental Rubber reflected accumula tion selling at 0 and 0. 10I5 20 -20 .- INDUSTniAM 4554-tf W Acme Coal , Hrlt Amer Tobac coup Farrell Coal Ooodyear Tlra , OooJyear Tiro pret . . Indian l'acklnir Inter nubber , Perfection Tire rtadlo Com Uadlo Com prof Sweats Co Trlanzla Film 25 9 94 3T4 40 06 - 454 994 70 74K U 20 40 - 3 14 "'k 114 IK IK 94 II 8 Dlatrlbutlnr 8n U 8 Uteam 1 United Profit Sharing .... I United Rt Candy 7 Wayne Coal 2 114 1054 1(4 1854 tt 1094 94 110 1 852 STAJfDARD OILS Anttlo-Amer Oil 1794 17U 17U ' nnjTCPKNHEJfT OIXS Allied Oil 20 10 20 Boone Oil 1H 1 1 tloaton Wyomlncr 41 It Carlb aynd 7K 7 7i Cuahlna- Pet A U H Denny Oil 1 1 1 rederal Oil 2 111 3 Olenrock Oil 3 IU 2 Ouffey Ollleaple 27 .205 2054 Hudaon Oil ty iV H Int Petrol 10 1514 1654 Maracalbo Oil 1054 10 10 Mexico Pan (ltt 614 654 Mexico Oil lit lU 1 Oner Oil 2i 3 2 Pennnk Oil tSVi B B Producera Refiners 4 4 4 Red Rock Oil 94 Ryan Con 10 10 10 Salt Creek new B 994 9 Slmma Pet 64 OH 6H Un Texaa Oil H H Victoria Oil nw 34 4 I Vulcan Oil H 9i 94 M1N1NO Alaska llr Columbia f, S A Atlanta Ill Hooth S 3 8 )loton A Montana 40 40 40 Caledonia Mining 16 13 10 Calumet & Jerome A A A Candelarla Mlnlnc 18 12 18 Cortoi Silver (M 02 G4 Creaaon Qold IU 1 154 Croat ent MacNamara rV A vt Eureka Croeaua 49 47 48 Oold Com 4 4 4 OoldfMd Florence 10 12 18 Oold Kewarr.n 2 2 2 Uold Sller I'lck n 8 3 Gold Zono 22 22 22 Oreut Hend Ill Emma Sliver 8 8 8 Hecla Mlnln 8T4 3i 854 Iron lllossom AAA Jumbo Uxtenalon 4 4 4 Knox Divide 7 7 7 U Roae Mining K ' li MacNamara AAA Marah Mlnlnit 7 7 7 Maaon Valley OS AS S3 Muther Ixide 3U SH tA Nlplaalni: 794 7 7H North Star 8 8 t Ray Verde 1A 1 1A Rex Cona 4 4 4 Rocheater Mtnva 5 B B Han Toy y 444 Hllver Klni; Dlvlda 1 1 1 HoAml'aO & 054 394 Stand Silver Lead ....... AAA Bucce Mlnlnn .......... 2 2 2 Tononah llelmont ........ 1A 1A 1A 14 K 2 1 T4 4855 294 41 K 74 2V5 C9 3 12 0 4094 35K 17K 61 33 -2855 03 - 194 K 294 K 1 14 K 4 20 2K 10 1 K 34 34 94 1V4 0 105T4 - 482 3434 155 3094- 1154 85 6294- 6834- 2794- 34 - 6394 18 094- 5554- 05T4 12 2394 37 94 1 in 1H 3 1 K 8K 214 34 11 37T4 194 454- 54 Tonopah Cash Hoy ....... Tonopah Dlvlda ......... Tonopah ExtenMon Tonopah-JIm Sutler ..... Tonopah Midway .... Tonopah Mlrlnr V .itt IB 155 95 1 ronopan Miipan Tonopah Montana ........ Tonopah Ileicue Euitt .... 0934 V4 17 94 2394 154 454 42 54- 14 4755 H 834 100T4 IK 2094 1 uniteo Eaatem Victory 4 Woat End Cona 1 Wllbart 2 BONDS Allied Tack 6s .... Amer Tel 0s, 1022,. Amer Tel fla. 1921 . Anaconda 7a, 1929 . Armour Co 7a . . . . Doth Meet 7a. 1933 6r . 04H . 011 . 88 . 03V4 . 04 . 08 0K 03? 01 87 S 08k 04 OH 08 07 110 o; 8H 88 00 100 lonH 100 100K 04 23 88 105 70 -354-31 4594 94 M i 115 115 23i cona Una 8a Galena 7a OSS Ooodrleh Tire 7a 82i Inter R T 7s MH New Haven 4a 07 Kenneoott 7a 00 Rrnboard fla 61 Hears UoAbucIc 7. 1022.. 04 Henri Roebuck 7a 1028, . . 03 Sinclair 7tta 88H Solvay 8a Wl', Stand Oil nf Calif 7b 1O0H Stand Oil of N T 7a, 1030.100V4 Stand Oil of N T 7b. 1028.100 Stand Oil of N Y 7a, 1028, 100H Kwltf ti Co "a II4U Trias Co 7a 07 Western Elec 7a 07H 9 12 20 7 4 18tf 28 4- 1454 194 1 IK 07M 1'4 079 7H 52 354 102 7K 39 37 07 20 1 Ji 1 B14 Philadelphia Stocks 1:16 Nat Hlffh 210 Am Rtrs.. 4.iV. 42 Am Ons.. 20& 4-1 Am Itwjs pref ... 15 lOtUnld Ioc pref ... 03 r.23 Elec Stor 0.1 410tnen Mot. 14 .Vl Hun & B Top pf. 0 110 I Co N A 28yl COOtlCennocot 15 410 Uke Hup 7W 340 Ih Nnv. 0844 Ml rU Vnl.. 55 32IKI1-KPO Bub. 10'. lriiltMtdvnle.. 30 100- Pa K B.. 40A 3."iPa Salt. 04$ 101 Phlln Co Low 15 20 p. ra. chit. 45A 20V51 y IK K 15 15 I00J4 108 4- 1 "94 294 03 02 14 03 .. 042 14 1M 3H 0 0 28 28V- i6j2 mlZ 3 08M11 94 3?!5 2)4 81 H 19 0.1 30 it.. 10795 4U94 3814 S314 194 8H 8114 10!4 1894 2 81 00 S4 00 10H r14 14J4 -3HU 30 94 2 94 4 814 94 14 "l4 2 194 114 94 401 u-i run pi. 41 107 Phlln KIpc 21 Wl .In nrnf 97 1 Aiu Tki.il- r m 1.1 filKltHou PaclOOtf 3,"i0 Tonn Bel. 1 400 Tono Mln 1 47.r. T'n Tron OQ '.1liTT r. v ' m4i .w.i- u i,,, .nyi 070 ilo cash. 20Mi i,!et CMan"i,mf rt o by,comPrlaon with laat v& yjiv"-13- i vrr "nt it BaUa in tlOOu IMTDH lltB f. m. 02 Nrt elite. Hlah Tiw 0 Hell Tel 7s.l02 KK 5 City 4s 1041 HH 4 Blec & Peo Tr 4s.... 51 4 Key Tel 1st m 58 88 88 94 51 51 1 58 08 2 3Vi I.ak Sup in rw vzy. 41 42 l zi i.io lionus 2d 4,s... 84.84 81.50 84.8-1.. 10 30 3d 4h... 87.22 87.10 87 livl .in 71 1 10 1th 4s 85.02 84,00 84 02. 18 8 Vie N 4s. 1)5.80 05.20 1)5.80 .18 0 Peo Pass t c 4s 55 5 Phlln Elec 1st 5s.... 80 55 55.. 80 80 MONEY-LENDING RATES Nr.W YOKK Money on call, both cliieseH of collateral, opened today nt 7 per cent for lending and renewing. PHII.ADKMMIIA Call. 6 per cent! time. per cent; commercial paper: three to nix months, 6 par oent. trioie inese ore merely nominal quotations, as the leKal rat of Interest in tne state of Pennsylvania la nxed at 6 per cent Plus premiums and com. missions, time monay for thirty to ninety days Is loaned at 8 to 8 tr cent, while commercial paper, from three to bU montha, Is belli offered at 8 to 8 per cent.) RECORD D ON CURB 1130 Hlsh Low p. m. I 1254 12 13 . 10 inU 10 . 10 18 19 . 4 4$ 41 . 2 2H 24 . Oji fli 0 . IU f. 1H . 194 IK 1 .2 IS 2 . 2 Mi 2i 2H S 21W OOJV S $ S 7 , 7V4 U 254 2U 63 54 HI'? 30 Mi 304 01 J& 1 U 31 .. 274- M, "J4 28Vi. 20.?4- 21 5. it lOOU 2 4ft 28V4 28 Wc rexommend the purchase of Victory 4u Bonds Due May 20, 1 923 Present yield about 7 We will buy and sell All Issues U. S. Certificates of Indebtedness Telephone Spruce 1480 Commercial Trust Company Membtr Federal Rt4rve System City Hall Square West THE R. L. DOLLINGS CO. W1DENER BUILDING Announce the following preferred utock dividends of its companies! QUARTERLY, payable January 1, 1921. The R. L. Dollings Company of Ohio 1 The Clay Products Company, Brazil, Ind 1 SEMI ANNUALLY, payable January 1, 1921. The R. L. DollingB Company of Indiana 3 Tho Anderson Foundry and Machine Co., Anderson, Ind.. . 3 The Insley Mfg. Co., Indianapolis, Ind 3tt Tho Rude Manufacturing Co., Liberty, Ind 3 The Service Motor Truck Co., Wabash, Ind 37i The Western Drop Forgo Co., Marion, Ind 3 The Hugro Manufacturing Co., Warsaw, Ind 3 The Mlihollnnd Machine Co., Indianapolis, Ind 3 The Steol Fabricating Corp., Indianapolis, Ind 3 SEMI-ANNUALLY, payable January 15, 1921. Tho R. L. Dollings Company of Pennsylvania 8ttft Tho American Bronze Corp., Berwyn, Ponna 3H The American Motor Truck Co., Newark, Ohio 3tf The C. & E. Shoe Co., Columbus, Ohio 8W Tho Cullen & Vaughn Co., Hamilton, Ohio 3H The Mykrantz Co., Columbus, Ohio 3V4 Tho Matthews Engineering Co.. Sandusky, Ohio 3H The McCambridge Co., Philadelphia, Pa 3V494 The Recording Devices Co., Dayton, Ohio 8fl The Southern Cattlo Feeding Co., Columbus, Ohio 3H Tho Burton-Townscnd Co., Znnesvillo, Ohio 3H The Crane Ice Cream Co., Philadelphia, Pn ZVtft The Crnne-Ohio Ice Cream Co., Columbus, Ohio 8ft Tho Franklin Brick and Tile Co., ColumbuB, Ohio 3ttFo The Commercial Truck Co., Philadelphia, Pa 3Htt The North Carolina Farms Co., Columbus, Ohio 35& The Champion Engineering Co., Kenton, Ohio 3W9 Tho Phoenix Iron Works Co., Meadville, Pa Wti SEMI-ANNUALLY, pnyable February 1, 1921. The American Pretzel Co., Philadelphia, Pa 3ttfl The V. G. Baking Co., Allentown, Pa V,i Checks will be mailed on date indicated above. GEORGE D. PORTER, CRAIG & KINGSTON, Vice President. District Mnnagers. Write for This Guide to January Investments SW, STRAUS & CO. the House with the record of 38 years without loss to any investor have just issued a January Investment Guide which will be of value to every investor. If you have Money on deposit Interest due in January Dividends due in January Idle funds it will pay you to write for this booklet. It will show you how to place your funds to the best advantage, with entire safety, thorough investment service, complete freedom from worry and management, and an attractive income yield. Write today, asking for Circular 504-Q SJWSTRAUS 3fr GO. KSTAUUSHED 1BSZ INOOnrOBATUD Stock Exchange Building, Philadelphia Telephone, Spruce 5628 SEW TORK CHICAGO DETnorr HUFFALO CI.KVEI.AND WAOHINGTON 1IOSTON INDIANArOLIS l'lTTSnUllGH Thirty-eight Years Without Los to Any Investor tiiuiiiitxiutatnuiirtJiit atiuiiuiiiitaitinniiui t3iiiiiiitttiitartittttitMit3iiittiiii4iiciiiiirifuiiic3UHiiiiMittatiiitMinc3ititiimiiitim(!j Profitable Reinvestment By judicious selection it may bo possible to reinvesi funds, received from securities sold in 1920 on account of depreciation, in Bonds or Stocks of higher grade and yielding a higher return than thoso sold. Our suggestions may prove valuable to you. West & Co. 1411 Chfatnul btrret it Drooif"' PlilladrluhU New York Mrmtxr N?r York Hlorti Exehuf Philadelphia Mock Kxctmon Wt Alwaja llan on Hand it Lint of Hlch-flrarfa Bond CofTMwndnc Iut1U4 rniiinniniiniiiiiiiiniiiniiiaiitininiiiininniiimniinmiinmiitininintiiiniiiniiimmanmiininHiiiiiiiiiiniiiiiiiWi L( AMD Cl kHMBMBgrU Open 8:30 A. M. Till Midnight for Receiving Deposits and Cashing Checks lmWiij!?Wrt Co. vc?fi 'in iiSiTifrt i .I- PAN PTtAKCISCO MILWAUKEE MINNEAPOLIS W22S i - ""i Phila. Sub. Gas & Elec. J 1SM Georgia Ry. & IT. 5b, i John Wanamaker 5s, 19M American Ice R. E. 6s, 1B Sun Co. 0s, 1029 ,,w Penna. Water & Power ;B. "V.,, Easton Consolidated EUc.5," Hale & Kilburn 6s, 1939 nneuiilUft niRRlSONt60, dkJbkbeC i v f "WW1 'ZhM i t-jf'&t'- - . , ,, - a'a2'" 1 tT
Significant historical Pennsylvania newspapers