iT" "If - , I! . , 18 -tfcasiiwiisa, EVENING .PUBLIC .LEDGEK PHILADELPHIA,, 'THURSDAY, JANTTABY 6, -. !! - - - -- j .. . . . . f .... . - - " 1921 IS . ('! We Offer rT Subject to Sate Philadelphia & Reading R. R. Extended Consolidated 4s Duo March 1, 1937 . Price to yield about B.OOVo Province of Nova Scotia Ten-Year 6s Due November 15, 1030 Price to yield about 6.90 Kansas City Power & Light Company ltt & Refunding Mtge. STo Bond Due December 1, 1940 Price to yield 8r'c. Correspondence Solicited Lift of Selected Bond$ mailed on request STROUD & CO. Members Philadelphia Stock Vzchange 1429 Walnut St., Philadelphia 52 Brondwny, New York Correspondent STROUD, KURTZ A CO., Inc. Washington. D. C. : .i't What Should We Do? Almost all investors with money available are ask in? tliis question. They lo not Know whether to buy some of the listed stocks, which seem so low. invest in the very high yield short-term notes, or select long-term government or corporate obligations of unques tioned merit. We shall be glad to sub mit recommendations to meet the individual case. tSHANDLER&GOMPAHY Franklin Bank BIdg. Philadelphia Xew York Xew Haven V Real Estate Mortgage Yielding 6 Guaranteed .iii'TTm ca.y i- fj a mil i Principal and Interest By the Phila. Co. for Guaranteeing Mortgages Price 100 & Int. Available in $1,000 amounts BATTLES & COMPANY r.tnbhlhrtl 1110 InilnimrtVnre Square (I..IM bHWKSKNWWM Possible C. M. & St. P. Profit ., ..,.. o(7 huropean Loan is of 1925 t An investment in these bonds at present prices oilers the opportunity for a possible profit at maturity of 81 on the sum invested should Sterling or Francs then be at parity. Circular P-6S gives complete details. . Cw George H. Burr & Co. nunfmt-nt Securities t O'n mtrcial Paperi 421 Chestnut Street Philadelphia Our Otflcm In I", A Nitictul Yet 'Itlt-s Offer You Ptnootl Service u an Eras Dealers in Investment Securities Verniers Sew York and Philadelphia S(ic: Utehanaes 321 Chestnut St., Philadelphia IMillii. A liurrpttoruril At. n. Topt ku ituuwuj a i.igni yu. . . . Virion l'lidllc Uy. Co. liiiulii. . houthrrn l'ncinc ICciulp. . Vf lio I'rult Kiun-Bh Kaulp. . . l-hila. f. Ilmdinic It. H. Co. Kit.. i-rnn vuiil; Ounumii H. H. "''lie Dental .Mf, Co Kale & Kllbnrn Cuinp.iny Jmer Clt, ItulwUrn A ratrrson 1-Itt., CUiu., thlruto & Ht. IoulH Hun '"I Company Ktuoilard (HI of C'lillfurnlM . Kroiilr Uellnlnc CiMiipuny Kmplre '"" & "" Companr .Min Arbor Hillroiil L'lMniiuny 1'IiIIb. Kopld Triinslt (uini)iin Alor. Wl fi l-tilruiro It. It VtralnU II-iIIwbt ror Vo. u..7al M HiiMuurlulinii It. II SAMUEL K. PHILLIPS & CO. 1 Htnibr" I'liliaaripm rltnrlc RictianiB iLi V1 CUBSXMVT BTItpux MARKET DM INTO NARROW AREA 100. lfll) flJl 709 1790 730 .1001) OJ 10,1 (100 13)0 I III) Sim 4 1)0 1000 I Oil 7l)'l m 700.) tito 7.1)11 1101 4)0 Sill 47)0 109 IJJDO .100 77,10 4A00 n.toii 730 1710 1401 miii ,i0J 4701 it. II) soi III 16 ill,) 1.IM A 10 sin loo Inn .ICO 10(10 .1)0 17JII 310 OHO 17710 700 930 100 73000 47)11 .100 100 100 3700 .110 7;jo H00 100 70()0 17 JO 4Ui 1100 7D0 .1700 100 .1900 .1000 100 5000 H300 lino .100 000 7100 1.1)0 1700 100 200) !):) 100 10M0 4H30 1010 icon loo 1000 0700 1110 100 700 fiOO 400 700 3700 loo 1100 7300 AOO (lllil 100 100 200 Constant Shifting of Activity Reflected Growing Profes sionalism of Trading Now Yorli. Jan. (1 In it KUicral oliarni tcrKtli's toda.v's stock market showed no essential tlinngc from the preceding sessions. I'rotcslonallsm and Irregularity were the outstanding fen tnrei, although tlm tone of the pcncrnl list was one of more consistent strength thun observed for several days. 1'os- allily the more notieenhle development wns to lie found In the further striking -imimstanthil evidence of the market entering n narrow trading nrcii. In (lie. lust hour thero wns the usunl rush of the shorts to cover which brought the most part of the list up to the- best prices of tin1 duy. Mctnl share were the stabilizing Is sues lit the opening In other ivortU, the forward swing in the choppers wns resumed whole It wns loft off Inst night with Inspiration nnd American Smelting nilvimcing substantially vcr yesterdny's final prices. The upward movement, however, in the entire metal group wns well sustained despite Its open fare manipulative type. The rumored pool ing of interests among the producing ami rolling eonipnnles of course fur-nl-hi'il a P'imI htimulus and helped the campaign along The demonstintion at the same time lent a strengthening Influence to the general list uml undoubtedly provoked further covering of the lesser members of the hour contingent. In nil events, prices were mostly higher, which was iiccompanieil lij a moderate broadening i of the dealings. 1 In the further Improvement in the in dustrials, the motors, oils, shipping, equipment, steel and food shnres were the most conspicuous at gains of 1 to It points. Special features included 'Stiiileliuker and Chandler .Motors, Mexl run and California Petroleum, Royal Hutch. Houston Oil, Atlantic Gulf, American International, llaldvvln nnd 'American Locomotives and Hoot Sugar uml American Sugar. Textiles, to baccos and leathers featured the spceinl I ties at more moderate gains. Rails were backward, except for n 5-poiut ilse in Delaware, Lackawanna and I Western, and 1' iu St. Paul pre ferred. There was, however, the same lack I of sustalninig power evident at the higher prices, indicating again the lim ited buying power when the more ur gent rcquiieuiouts of the short inter- ist are met. The familiar realizing of i profits was likewise encountered which, , together with the renewed pressure against Mexican Petroleum and a few I other specialties, caused reactions of I i to 1 points throughout the list at .loon. i offsetting this the railroads, which J had been conspicuous laggards during 1 the morning, came forward In the early afternoon, with I nion Pacific, Rending. i Norfoll; and Western, Pittsburgh uml West Virginia and Louisville and Nashville, making guins of 1 to l'.. loiiitj. Specialties also chared in thu Boston rise, particulars uewr.ii .vspuuii, Wllljs-Uvirliind prefened and Ameri can Hide and Leather preferred, at gains of 1 to U'i points. LOCAL TRADING WAS CURTAILED Price Changes Were Small and Without Feature of Interest There was a further curtailment of operations In the local market and a orresponding narrowing of price tlue tiiation. There was little to stimulate interest; to the contrary, surrounding conditions and circumstances rather tended to intensify tho waiting attitude. Many of tho local stocks which oul) last week were dealt in actively changed hands in small odd lots. According to the testimony of the leading brokers there are considerable bluing orders just under the current level. In other words, those who have been picking up stocks icceiitlv have their own ideas of attractive prices. That is to -ay a week ago, when prices weie bumping bottom, there was goml hujing all around the list. As soon as the loading stocks advance to nnv mate rial extent above the low level, the buying orders automatically disap peared. No one seems disputed to fol low up the spurts, but on the contrary are willing to lie back for the re actions. The buying of the lending shares, or at lenst, what little then; wns of it. according to the board reports was verj good. The utility group was almost en tirely neglected, little Interest being manifested In .my of them, despite Un favorable earnings of the Rapid Tran sit report. It was among the inlscellnneoiM .shares Interest contend. Laid- Superior mud-- a further recovery to fi-. (!en- 200 1210 Sl)0 200 huo 700 AOO )00 1100 ino too 3."i01 400 410 201,111 Mil 410 100 ion ROOD 7Jsl 35100 Kill 400 mo 4200 4011 ir.no 2.10O 210 300 70(1 no fill) 1 1 Oil 101) too Icon 700 1011 400 41)0 noon von 20(1 400 AOO 100 noo .100 (looo 3101) 100 Si 10 (100 520(1 (100 100 4)011 230 ino 810-1 200 I eral Asphalt, following the nnlmati-d movement in that stock in New York, moved up to m,.. Pcnnsj lvanla Rail road was the firm spot of the rails. L'loctrie Storage Itntterv on small sales . jdropptd back to u;i.., but rallied to !C ugain. American Stores lost l-j point Considerably interest was nttaehul to, the announcement of the eliction of i Vun Horn Illy to the pri-.sidencj of the t,oiumul.i iiraphopnone to, liy reasons of Ins efforts to rehabilitate the Ainert- au Kailwuvs Co. It is understood the iliM-i lut-i, of the latter company gnu their approval of his acceptance of this new position. While he will take a more active part in the uffairs of the gruphopbone company, he will still direct the operations of the American Ruilwu Co., und give toiisldernbli) part of hib time to that company und its iciinancing plans and that of the National Properties Co. NEW YORK COFFEE MARKET New York. Jan. 0. Receipts at the primarj points continue heavy und up- j pear to be u weight on the market.' l-'inn offers have rn-ontly been lower and this morning's offcinl cables showed i a decliiiu in the Rio terminal market, as well as a decline in the rate of Rio eii-hange on London. Cuder these con- ' ditmtiH, the local coffee futures market I sagged off 5 to 11 points on the call on a moderate volume of business. Trading was again neglected nnd up to midday the amount of business trans acted hail In en ver.v nominal. The weak ness being displajed in tin' primory market theckid demand und tin: low point to wliiih contracts have sold ilieil.eil aggressiie selling, consequ-utl , tin- market lias been u very quiet nf fulr. Around midday, May sold at (1.7-1, or l poiuts above tliu low point of the 5 JMJ Hit V, S'r" I ' Hrrlu 7'm Nrrln i:o'i im. Wh ii ' IBJH 8 IUi-1 ; lBii .6 h tm ; ii ..I'd 10.M lJ7 2 !"-' 6'h IS2I ft'N IBA7 &' 10IU 5 urn 4'a 10.1 call. TeH 1 ,t . . il IU . . . 0 7H , . . 1 1,1 . 7.IU Open (1 31 n 11 If' 70 7 00 fin 7 35&31 M 1 r ll . M,- . . Jul aptt-niLf r RAILROAD EARNINGS cm A(JO IIUItl.lNUTfiN AMI gi'ivi V in.-1 in' m f Nucniber rroas . $17 U70 noo 1 1 K74. IJ3 Isaiah' a after taxea 8:115 SKI l .-,01 411 Ne'. ooerai. income .,ia i r.ia i L-.lilTia Kleien montlia- ros init,.11ti.07H SH.iiSHtiln llalance alter taxes Jd. 771. 318 13,041. till .Net operat Income. 0,001,200 14,778,101 Decrease, NEW YORK STOCK EXCHANGE TRANSACTIONS T). Toly' Net (lo Chue. 10ft I- 2J4 32J5- Hi 34' 7 ! " 4014 114 8s'5 V 31 - Wi Mri-- N7 4 13i 4715 3 '3 3 t' 4.1 Vi 27 'A-5- ' 81 14 V 13334 3 110 3J4 77M IV, 6H34 - 1-5 7'4 'A 120 o?4 V 4S 1& 47'4 .. 41 IV 653 l'4 S7 1 4 3 ? IV, 0 t il' v 38'j 1. 8ft ! 2 30'4"- ? 0755 1 1111 1734 I3i OSi-i 3 1104 1 11315 54 88 54 54 n : High , 3tU 194 Iiw I7K. 37 Vi 3th n m 45 8S"4 33 ttO'i S2 40 U C3 43 20'J SO 121 Vt 11(1 21 Vt 5HK 7 170 ion 42 Ys 40 54 87 S3 U 8'i oU 38 NO -WIS 91 U 101 77 07 Vt iu?; 113 !4 8S54 0U5 3(!i 0 37 H 2014 5534 00 MI 7834 (ih 84 y 8 c:5 41 U!i 01 87 35 J i 8315 lun 70 2!5 4 50 loi J4 10' 5H i.m my, 1334 60 !5 20 47 11534 38 ' 00 30 15 (10 00 Ti M- 534 2Mi 43 C7W (3; 2l)3i 72 C3 HI 22 V 21H4 2S 4S 5814 !) 50 6375 70 21 60J4 4K coy 100J4 2H so 2814 22 m 1 o J4 loo ' Advance Jlumcly . . Air Reduction AJnx Rubber Alaslta Oold Mine. . Alaska Juneau a M. Allied Chcm Dye. 0'i .. Allied Chcm & Dyo p 8SW 4 Allls-Chnlmern n?i Am Agrlo Chem .... "-Mi n Am Agrlc Chem pf... tl 8 Am lleet Sugar 47',i 10 Am nosch Magneto... 145 4 Am H Shoo Kdyncw.. 43 .. Am Can 27H 7 Am Can pf 81 Yt 17 Am Cai & Fdy 1735i 7 Am Car & lMy pf. ...110 .. Am Cotton Oil 72i 0 Am Cotton Oil pf . . . . Ml no Am Druij Syn 71-S J Am Hxprcss 120 .. Am Hide & Leather.. 1AK 7 Am Hide & Leather pf 4s 1 Am Ice i'lVj Am Intcrnat Corp.... 42 'A 3 Am Linseed "? 7 Am Linseed pf H7 o Am Locomotive Hi . . Am Radiator OOTi .. Am Safety Razor.... 3 . Am Ship & Com 12 4 Am Smelt & Kef 38JJ 7 Am Smelt & Itef pf.. 8ft .1 Am Steel Foundries. . .11 1' 7 Am Sugar Itef yiji 7 Am Sugar lief pf..,,l01U in Am Sumatra Too.... 77-3 8 Am Tel & Tel 0N!i 12 Am Tobncco INHa 12 Am Tobacco H lit 0 Am Tobacco pf ticw.. 8HJ5 7 Am Woolen 04U . Am Writing Paper pf 351i . Am Zinc Lead & Smlt 0J . Anaconda Copper . . . 38V4 4 As8o Dry Goods 2014 l Asso Dry Good. It pf 33i fl Asso Oil 7 6 Atch Top & Santa Fo 84 0 Atch Top & S F pf . . . 79 . . Atlanta Ulr & Atlantlo 03i 7 Atlantic Coant Lino.. 83 . Atlantlo Fruit 8!i 10 Atl Gulf 4WI8S... 73Ks 0 Atl Gulf & W I 3 S pf 47U . Austin Nicholas 12 1 Austin Nlcholnn Inc pf 01 7 R.ildwln Locomotive . 80 H .. llaltimoro & Ohio.... .10 U 4 Unltlmoro & Ohio pf.. S3!j H llarrett ctfs of deb... 100 3 Harnett Leather pf... 70 . llethlehem Motors ... 4 J', r. Bethlehem Steel 4J.J r. IJethlehern Steel II. . . , 7 8 Bethlehem Steel 8 pflOl Ji . Brklyn Rapid Transit lo& .. Ilutto Copper & ZIno. .. Hutte & Superior Cop 14 Ji .. Uutterlck l.l'i .. Caddo Central O & II 14J 0 California Packing .. 50J4 .. California Petroleum. 2s) i Calumet & Arizona... 47 , 10 Canadian PaciHo ....117 .. Central Leather 40 'a 7 Central Leather pf . . . DO 4 Cerro do Pasco Cop.. 3 IIS 10 Chandler Motors .... Gttft 4 Chesapeake & Ohlj... C1J4 .. Chicago & Alton MJi .. Chi & K 111 pf ctfs... SJi . . Chicago Mil & St P. . . 2?i .. Chicago Mil & St P pf 44! 0 Chicago Northwestern 0S3i 8 Chi Pneumatic Tool.. tV4 .. Chi R I & Pac 27IS 7 Chi H I & Pac 7 To pf 73 a Chi St P Minn & O. . 03 .. Chile Copper 12 Ji 1.0O Chlno Copper 23 .. Coca-Cola 21 3 Colorado Fuel & Iron 30 c. duett Peabody 1 fi Columb Gas & Elec. . . flOJs 1 Cot Graphophono .... 10 U 7 Col Grnphophone nf . . n 7 Consolidated Cigar . . W 7 Consolidated Gas .... hOJ-j 8 Consolidated Textiles. 21 J? 7 Continental Can CH' 1 Continental Candy .. . 4& 4 Corn Products Ref . . . GHU 7 Corn Products Itef pflooK S.EO Cosden & Co 314 8 Crucible Steel 85 7 Cuban Amer Sugar... 2S.JJ .. Cuban Cane Sugar... 53 ;j 1 Davison Chemical . . . .10 2.80 Dcbeerti Conn Mln Ltd 10ft 0 Delawaro & Hudson. .100-; 10 Del Lack & Western. .215 . . Denver & Ulo Or pf . . 2 1 Dome Mines lnj .. nmerson-Brantlng ... K'4 C Kndlcott-Johnson .... 54 .. Krlo 14!i .. Erie 1st pf 20JS .. Krle 2d pf 14 V (334 35 4 054 3854 2 54 55?4 -07 8. 70 n- 83 855 7.1' 4734 13 12 1 ni - 3 8034 3 .10 6354 V ion 70 1 355 5434 13 67 10154 1054 554 1454 47 117 404-f 90 ai G0ft n I1J' 834 534 20 H- 1 (IS C354 27 J 7234 0.1 4 12 -72!'-203-4-30 J 49 60' -L HH' 60 - 3 74 80J4 2134 60J4- 55 6854 100 3074 s.3 2834- 2334 30 - l! loo V 210 I7i 210 134 ion h'4 14 20 U': 60 2(11 5 7!i 1.1' )4' an JO'j t. hi SI 121 ar; 143a r.s i34 71 .10 1', 7 21 i, ii!j 20 'i 17 fiH'4 17 Cil (.s'4 1134 l'JVi SS', (ro 318 41s II 54H 17W 67 Vt .10 5.'2 15 !' 71 2734 Sh'-i (H 4 in lajj 411 oi'i 43 b7 JUJ'J 54 54 1454 20 K 8 7 Famous Players L... 51 Federal Mln & Smlt pf 2fiJ 20J4 70J4 1454 14J4 3H- 5.134 01 -I- 60J4 81 - 81 121 - 10 FiBher Body Ttlli ll'i 14?4 . . Flsk Rubber . . Freeport Texas . . . Gaston Wms & Wi. .. General Asphalt .... !m .. General Aephalt pf.. 01 i General Cigar Stl'i 7 General Cigar pf Hi 7 General Cigar def pf til 8 General Electric 121 Ji . . General Electric rts. . 4 1 General Motors 15J'4 o General Motors pf . . . . On O Gen Motors deb 6".. 0,' 7 Gen Motors deb 7',t,. 74 o Goodrich B F 42 .. Granby Consol M & M 22 .. Gray ii Davis 12 7 Oreat Nortnern pf.... 70'J 4 Great North Ore ctfs 21) H .. Green Cananea Cop.. 23 2 Guantnnnmo Sug Co. . 1 5'i . Gulf State Steel. .. 21 'S . Hablrshaw El Cable.. I3U 4 Haskell & Barker Car. (!0'j . Hendeo ctfs 17 .. Homostake 'Mining .. .10 .. Houston Oil 70b J Hupp Motor Car 12U 3 Hydaullc Steel io;a 7 Illinois Central hit 60 Jndlahoma Ref u .. Inspiration Con Cop.. 354 .. Interb Con Corp H .. Intel b Con Corp pf. .. 11 fi lut Agrleul Corp pf. . 8534 . Inter Mcr Marino.... 1.1H 0 Int Mer Marine pr .. 334 .. Inttrnat Motortruck U'H 7 Int Motortruck 2d pf. fAtJa .. International Nickel . Ill .. International Paper .. 434 0 Int Taper pf Htpd. . . ii .. InUnclblo Oil Corp. .. V.i .. Iron Products 3l)Ji .. Island OH .V Jewel Tea 5 Jones Bros Tea ... I .. Kan CItv Southern.. 7.)?; 4 Kansas City So pf . ... Hi Kan C F S & M pf 01 J2 4 iveliy-bpiiURlleld I'lru Ty2 H ICelly-Spj; T Scl pf.. S7;j 37 15 08 - 0474 71 fi ti 70 21) 23 15 2955 13 54-0154-1-17 50 7094 13 19B- 88'4- 74 3534 434 It 65 54 1334 M34 3034 5974 1554-r 40H 71 2.1 .1854 494 fi -t- 10 70J4 40 0U5 47 -1 8755 eluding 1:1,455 Commodity Markets min jji.i 10 cxiiuriti lor me season nave been S,.i07,-2-14 balis, (ompared with 2,l)l!,'t.4SS bales for the corresponding period last 8(118011. COTTON MARKET New Yorli, .Ian. (I. A sharp n action In Liverpool cables from early strength checked bull enthusiasm in thu local cotton market at the opeuing today anil January March . May . . July . . October led to consideruuio wuii areet nnd nouthern selling, which imh pnrtly nbiirled y Liverpool. Pirst prices hen- showed 'J to 20 points advance, except- November, which was H points lower Announcement that a Lnnk 111 Lon don had husiienili-d pa.Muents added to the unsettled feeling, tint the market appeared to bo fairly well sustained GRAIN MARKET Cliicugo, Jan, 0. Win nt wa-i en today. The under fairly general selling, but rallied sharply uftcr thu opening on buying by coniiulKsioii houses, which forced local after Hie sun l, noil wan uuoui -" points under the highest Initial levels on ' , March and a shade over thu previous Bllor" lo cover. clove. Tim early aft( rnoon market displayed few trading features, but ruled fairly Bteiulv In tone, nt a slight decline- from ,..i,.v(nv'H close. Much of the small snorts nan Deen Bagged again. Toward the close there wus a fresh bhovv of strength. Failure of export buying to develop on nn extensive scale, following the re cent seubutlonal advance in sterling ex change, wus regnidrd as 0 bearish point. There weie Intimations In some ipinr tcin that there wus foreign buIiir Just below present levels, Nervousness wbh caused by the suspension of payment business wus ill the shape of exchanges betutcn months Rt ports from tho local cotton gootls inurketM were more favorable and sentiment in this trado wan --aid to hu quite bullish. Lxporta aggregated lo.bJS uaicd, iu- Dl. Int 2 Sale 421) 10809 819 209 too 600 Itlwh 3D75 1.1U 64 T) 40 14 2o'5 l.ow 1974 934 6.1 40 It 18 64J4 10054 1534 75 3t 1.1075 Kennocott Copper , Ktyntono TAR..,, Lackawnnnn Steel , Lnclcdo Gnu of St I Lnkc Lrlo & West.. teo Rubber Tire. . 700 3. B0 Lehlch Vallov 6Z 1.10 7 Liggett A Myers pf. . . lOOJ-i 3 Loewc Co 18 .. Loft Corp H31 .. Loose-Wllen Biscuit . t 17 Lorlllard Tob J3?i 7 Loulsli;e ft Nashville 10254 3109 310 100 101 200 too 100 100 100 too 1 3230 100 310 4071)0 300 8230 1 3100 200 1501) 13Q0 1700 1700 2200 .100 3 300 100 200 600 600 800 100 3300 100 2000 800 100 2 3000 109 490 3609 000 1000 2000 890 1100 3000 390 200 600 13000 1811) .100 2400 10300 1230 100 1.109 400 1400 1500 8001 1891 509 4 100 390 1200 600 100 3000 3000 2.10 600 1 5000 9000 100 300 2000 500 3000 100 100 10000 I (100 1801 100 101) 3900 210 too 2000 103 5000 31800 800 500 294 13800 17100 2C00 209 210 200.1 1,10 200 1100 23K00 100 300 1500 200 Kit) 1300 65C0 400 S20I 201 30) 2 on 3000 400 2110 70(1 ,150'J 290 100 noo (1000 3S0O 200 300 300 810 3509 1509 noo 230 33-i 18HU0 100 1500 28239 50) 30.109 100 890 100 6.130 4011 100 601) noo 1400 300.1 4309 130 100 102 54 57 17 71 4555 l3i 294 3 6634 160 34 18. 1354 31 1254 254 (054 40 18 V 23 2.754 102 107 01 a55 60 71 434 11 60 ' 7194 49 23 1894 1855 10054 81 34 12 355 654 26 1455 1655 4855 30 9 7155 68 13 415a 10' -1454 13 1734 44 3494 2S 2234 1075 76 54 68 fit 2974 1234 81 34 loo ii 4074 3434 hS 23 1354 825'4 62' 5675 2754 34 64 89J5 20 64'4 J 2 54 23 6 1334 394 654 1134 U434 100 1875 23 4.155 n 61 99 34 2434 2 J 5 68 15S75 I0155 80 2h55 3674 4755 Ull 1!4 1234 43 25 K!5 4354 lli'i 30 '5 1355 1334 17 '1'5 81 U 10 1855 s 39 145 V(l 2334 11HV 66 .1234 94i 200 65 Mackay pf 67 .. Mallinson & Co 12 10 Manatl Sugar 71 ' 7 Manhattan Llev guar. 45U .70 Manhattan Shirt .... 35 . . Maxwell Motor 355 .. Maxwell Motor ctfs.. 2 May Dept Stores 60 34 12 Mexican Petroleum.. .1535-5 2 Miami Copper 19 .00 Middle States Corp-- 4 2 Mldvnle Steel & Ord . 31 5i .. Minn & St Louis.... 1255 .. Mo Kansas ft Texas.. 775 . . iMis8ourl t'acins -jo .. Missouri Paclflo pf. .. 40'5 .. Montgomery Ward .. 10' 4 Mullins Body 2434 .50 National Acme 39 7 National Biscuit ....10254 7 National Biscuit pf..lft7 7 .xat Cloak & Suit pf. . oi .. Nat Con & Cable.. . Nat Enamel & Stamp. 8 National Lead . . Nat R R of Mex 2d pf .. Ncv Con Copper 8 N O Tex & Mex 8 New York Central . . . . . New York C & St L. . .80 New Yorlc Dock .. New York N II A II.. 1 New York Ont A W.. 334 50 54 7155 434 UJ4 00 v 1S54 40 23 1V 334 .. 18 V 354 1 ' 7 Norfolk A Western. ..101 7 Northern Paclflo .... M34 fi Nova Scotia SAO.. M BO Nunally Co 13 40 Okla Prod A Ref.... 334 .. Ontario Sliver Mining 654 3 Orphoum Circuit .... 3754 .. Otis Steel l&V .. Pacific Devel Corp... 17 8 Pacific Gas A Elec. . . 4855 .. Pacific Oil Co wl 40J4 0 Pan-Amer Petrol . . . 7414 0 Pan-Amer II 0054 .Parish A Bingham ..14 3 Pennsylvania R R . . . 41 34 Pnn Seaboard Steel. 1354 .. Peoples Gas Chicago.. 33 .. Peoria A Eastern.. . 13 .. Pcro Marquette 18 . . Pere Marquette pf . . . 45 3 Philadelphia Co 35 .. Phillips Pet 2855 .. Plcrce-Arrow Motor . 24 54 .. Pierce Oil nj, 8 Pierce Oil pf 70 B Pitts Coal 8074 n Pitts Coal pf 84t4 .. Pittsburgh A W Va.. 3034 1 Pond Creek Coal 14 8 Prtssed Steel .Car. ... 83 8 Pullman 10054 Puntn Alegro Sugar.. 4774 4 Puro Oil 3'5H 8 llnllway Steel Sprituf. 83 .35 Rand Mln Am Shares. 2.1J4 1 ilay Con Copper .... 14 J 4 Heading 1334 2 Reading 1st pf 52J4 2 Padln,j 2d pf 57 .. itcmingtou xypewrltr 3'i4 . Replo Steel 34J5 n Republic Iron A Steol 65 7 Republic lion A Stl pf 89J4 .. -Republic Motortruck.. 20 1.80. Royal Dutch N Y ...00 95 1 St Joseph Lead 12?4 .. St Louis San Fran... 2.175 1 Santa Cecelia Sugar . fi .. Savage Arms 13 H .. Saxon Motor 455 . . Seaboard Air Lino . . r55 .. Seaboard Air Line pf. 1134 8 Sears-Roebuck 7 7 Scars-Roebuck pf . . . .100 .. Seneca Cop Corp ... 1954 .. Sinclair Oil 2334 14 Shell Transport 1454 .. Shattuck Arizona Corp 034 8 SlOBS-Sheff 61 (l Southern Pacific ....10054 .. Southern Pacific rts . 35V .. Southern Rail J.i:, fi Southern Rail pf ... 6sJ4 20 Standard Oil of N J .150 1 Stand Oil of N J pf . . 10535 7 Steet Tube pf 80 4 Stewart Warner i'p.. 2855 2 Stromberg Carb r.655 7 Studebaker 4034 1 Studebaker pf 00' .. Submar Boat Corp .. -0 71 2 Superior Oil Corp ... 1354 8 Superior Steel 4354 4 Temtor Corn A F A," 25 .. Tenn Cop A Chem ... 8J4 8 Texas Co 44'4 234 IK 94 54 V V n i n 354 154 1 354 1 54 34 3 J 14 54 9 154 34 K 13i 14 7i 154 34 55 ' 2 .. 134 054 54 74 1 .. .. .. 194 34 54 34 34 175 154 !4 7i 34 54 3 Vi 1 J4 3 34 I Texas A Paclflo 1 Texas A Pac C A O.. Third Avenuo . . Tidewater Oil rta .... 2'v Times Square Supply. n Tobacco Products . . . 7 Tobacco Products pf . Tol St L West ctfs . Tol St L West ctf.i pf .. Transcontinental Oil . fi Transuo A Wmn Steel j 1. 'a 31 U 12J4 12 65 Tj 81 15 to 70 8!5 40 vt 134 34 1 33 1 10 Pnderwood Typewrltr 143 h cnion Bag A Paper. .. Union Oil 10 Union Paclflo , 4 Union Paclflo pf .... 4 United Alloy Steel . 8 United Drug 12 United Fruit 3 United Retail Stores. 7015 -. 2434 ..12034 .. 60 Vt . . ."3 .. 95 ..201 . . 357i a 54 54 VA 54 74 2 55 1 294 94 34 34 54 0 U S Food Products.. 8 U S lnd Alcohol .... . Unl Rwy invest pf . . U S Realty A Imp. . . 8 U S Rubber 2.1 61175 219, 41(4 6954 (lO- 21V 44 64)5 03!4 .1334 81 94 10874 3454 1054 37 90!5 3.1 775 111 854 21 V 8!5 l9ii 1734 2734 01) 4374 154 J 10 17 1354 37 5 .1134 43" 8 V S Rubber 1st pf. BO U S Smelt A Ref.... BUS Steel .10354 . . 35 .. 8294 ..10934 ,. 35 14 , . 10J5 . . .18 6!5 .. 35 .. 8 7 U S Steel pf .... 0 Utah Copper Utah See 4 Va-Carol!na Chem 8 Vu-Car Chem pf . 0 Vanadium Corp .. 1 Vlvaudou Ino . Vulcan Detlnnlne 54 Vt 134 2 34 28 54 17i 1(1 .. Wabash sK .. wauasn pfd A 23 Weber A Hellbroner. . 1074 .. Western Maryland .. 115, .. West Maryland 2d pf 1834 .. Western Paclflo 28U fi Western Paclflo pf . . . 09 4 WeHtlnithouse K A II. it I 330 733 40o 690 3 SOD 1000 17400 3 100 i" wemann Bruten . . . . Wheeling ALE . Wheeling A L 7 pf . .. Whlto Oil Corp ... 4 White Motor 1 Wllljs-Overland ... .. Wll!s-Overland pf .13475 H Vt 154 Vi 054 1734 1034 3834 8 ' I 354 t I 40U u woruiington Pumn 44 75 Ex-tllMinil. bales to the Continent ' by the Rritlslr-Atuori. an uapun ami utiinii. Total 'Rank Minneapolis lenorteil n (7. !., ...i. ....1.. ..,,""" "VUiinil JEaaL - a - S.' - Previous CIono Open , . l." S3 Id 811 . . 14 I'.l ii -II . . 10.O) ln.ld , . 11 07 13 If, . . 13 07 13 IU U 10 p in 1 r so 14 S-l 11.00 ISO) ReportH of an Incn-use r... 1I..7.II.. 7- . t lur" Itet. (Innllv tthnu.,,1 ,1 7, i... 'rri,- V. ". "' ""r 'V.....- itl'1'7'"- bul'l"irt 11 t ,'"" ',wno '"' hedging baiu iiKMhiHt their ehilbCH, iiece pts at interior , 1 increasing nnd stocks me ltou-Iul. "tic- imillBtrln ,K-n.itnd remui.,i . i4. market started weaker .1 !,.., .1.... --"--".. wh , ' a"u ifutiireless. Wheat llDwn Illuh March May . . Corn Mav . 1 IIS 1 'I.I 1.741, ) 07 'I "r,4 7U' 411 11 431; After the demand from J uoyM, . . . . ..... taiten care ot, values Vny 4S4 fi July Pork January . I.ard January May Illbs .Taniturv Mttl . .. .u-.lin .13 45 18.10 13, HO 11 C, 12 11 11.77 12.17 The Dank of Hnsland of discount remains uncjianged at 7 per vein. 1 Veu York Curb 1NMCSTRIALS Today' Net Cloni Chce. 20 74 74 1J30 Hlth Low P. m. . 1 '., . 12'i 12 12U ' i: ii . 47 47 47 .' nM 5i ,n'i . 17 . IT 17., . t.i; iai ii , 13',. lH!i 135i , no tin 00 . .1 2'4 ,, . 8 7'i 7i . i.' , 2IV4 21 54 , u'i 0' , BU B B'.i , 21 2( 21 "., '!r I" , 2i 2J -A m iu i, , 30 .17 31 . 2". 2'J 24 ; 4 A A : if: U lit , n ', R , Bl El 81 . 24 2i SS OILS , 21 io7i m-i .27(1 27B 278 a-jt H2ii s:i 344 ni() 311 IT OIL? b 4 41 . 2I4 SO 20 , rw 0 c . A A . 1 1 1 "' 8U H'i . 1'i lj. Hi ? ?.' H,- . h r 'i . 1S 18 10 . ' ! .3 S .1 . 1.1't l.'l 13 itf 'S ! 6ji :, r.y, , H4 1 14 , l'l 1. 1 1 4. N t r. 2'i 2( 5., 4 5.. Acme Coat Jirlt-Amer Tob roup Brooklyn City Ilwy Charcoal Iron Cleveland Auto Columbia Emerald Continental Motor Karrell Coal ftalnea Knit A Balnea Knit II Haines Knit oref Indian Packing Inter Product! Inter Ilubber '. Motenr Motors National Leather North Amer Taper . . . Peerless Motor . Kaillu Com Itiullo Com pre! itepul-llu Tiro Kubber. . , It J Reynolds (new) )).. H(ls Co 13 354 MJ5 175 40 -It 311 3355 10054 177; 113 .11 - 1374- 1035 37 -It 71 -h 15 J4 1934 V Vt 2V Vt 34 34 54 55 54 74 55 154 1 Trlannle Turn 11 H i.nrnt & neat V 8 meamshln United I'ront Bharlr-it . . United Itetall Candy . . . Unl en Carbine Vayno Coal STANDARD Anirlo-Amer Oil Ohio Oil Htnnd Oil of Calif .... Stand Oil or N Y INDl'.rCNDK Allied bll Hoono Oil lloston Wyomlne Cnrlb Pyn Cities Hervlcn II ctfn Columbia Hyndlcat Curhlnjr Pete Denny Oil 4 Klk llai-ln Pet KnKlneera Petroleum . . . r-erteral Oil tllenrock Oil Hudson Oil Inter Petroleum I.aneo Creek !.linstnn Mnrncalho Oil Merrltt Oil Mexican Pan Mexico Oil North Amr Oil Noble Ohio Itancer Omar Oil Produrer A Heflntr lied Rnck Oil Ryan Conn 354 2 663, 14 in 14 .H94 1254 294 1054- 34 54 54 "I 34 54 '54 V 4054 1834 IK 2431 38 V 354 3 154 1 63 ' 025i- 107 01 -1 334 5054 71 - 434--11 - 0054 7354 49 - 23 1914 1815 loov 83 54 .13 17 334 6V 2755 16' 1054 54 14 14 14 V 1 1 "l4 "v 34 2 54 V V 155 134 1H 10- in savov Hlmms Petroleum Pkelly oil U 8 Oil Un Texas Oil Victoria Oil new- Vulcan Oil Weitrn Stnts Woodburn Oil MINING Alaska I)r Columbia.. Arcadlin Atlanta nig I.edire Ilooth lloston Si Montana Caledonia Mltsln Calumet K. Jerome. Cnndelarln .Mining ... Cons Vlrulnla Cortex Silver Crosson Oold Crescent MacNatnara . 1"1 Hahador Kureka Croseus . . . Ilurckn Holly Oold Cons Oold Devel (ioldflnld Florence Oold KewanaR Gold Silver Pick (Inld Zone (Irent ll-nd Kmma Rller Ilecla Mlnlnir Jumbo Uxternlon Knox Divide. Louisiana Co MacNam-ira Ma em a Copper Marsh Mlntnic Mason Valley Mother I,ode . Mother I.ode nw . Nlplsstna- North Star ... Ophlr Slher Prince Con . . . Ray Verde Rochester Mines . . San Toy Sller Klnit Divide . .. . Stand Silver Lead Success Mlnlne Toteapali Ilelmont Tonnpnh Cash Hoy Tnnopah Divide Tonopah Kxtenslon Tonopnh-Jlm llutler . Tonopali Midway ... Tonopah Mlnlnir Tonopah Mlzpah ... Tonopah Montana . . Tonopah Rescue lJula . . . IT a Com Victory West End Cons White Caps Wllbeft UON1H Allied Tacliers 0s Aluminum 7a Amer Tel (le. 1022 Anaconda 7 1029 Armour Co , b 8 T 8 AS s N II s .1 5? i; 4854 154 40J5 13H 60 13 4154- 13 35 13 18 44 35 2854 2454 1154 16 5054 84 !4 3054 14 '. 3 1 4A .17 10 13A of' 1 42'i ' 14 V 1 14 334 34 4 1 ' ' 4 .IN HI 1.1'V oil'1 Hh, 4 1 4S as 16 13 II A 54 4.1 l'j (1 1 294 54 ''155 23 I 3 4'i rt 20$ 8 1i B7 r.'i I 3 a4 n 10 i 1 8 14 B3 T,K 7'i 3 4 VI B 11 S A 20H IS 57 P 4 i4 B r, 1 1 83 13 106' 1 473 35 K P3 2354 IK 75 1354- 34 83K 1- 1 5754 . 571 37 V 4K 3474 .. 65 3J4 8955 455 30 2 6654 255 1234 V 2355 154 6 54 1'. r. B 1 r 1 A 1 11. 17 111 li 7 (I 21 7 I 1 4 1A 1 1A 17S 13 A n 21 4 1 4 i 1. 17 18 A II 21 4 1 134 455 651 1134 97 100 10 23 W 41V oKi- 1 9034 ! 5855 M fiftVi mm, (1B (12 (17 ni Bll 3'a tin's .V,5 2 B7 ms 10OS nss OS IMS .10 t,iu B2 lis'', 81 S " or.1; 02 H7 Ilth steel m Cerro A' Pasco 8s Cons ni Sh Cons Tfxtlle 7s Heinz Co 7s Mex Irrtir 4m . . Nut Clonk Ss . . inos loin; 1 n,ili 54 IV ' 54 255 ns' us . IIS H7 . Ui4 . :-.n Ml'-i iisU . no . 0-. .100'4 .lot J. ,tno; . B7. . 90 niw .10 s-i'i si ns'i SOU 119 1051 - 80 2874 86 54 4034 00 074 1274- 4354 . 84 41 1074 30J5 . 14 -i 1234 13 65'-! 20 -I 85 39 - 145 - 70J4 24 K 170 06J4 f3 9454- 201 6334 2254- 6(1 54 -f 21 94 44 54 CH34 103 V . 31 74--8254 10994 '454 , 154 ,-H 111,75 t4J5 8 16 8V 23 1074 M94 IS 38J4J CU 44 15174 10' f 75 3835 8 35 43 5 - SenlKinrd 6s . ,; Setrs-Roeliurll ,n. 1021. Sinclair 7 Vj-i Southern Ry 7s , Stand Oil of Calif iS.. Stand Oil of N T is.. Texas Co 7s Union Tonic 7i . . . . Va-Caro Chem 7Vi s Denmark Ss 55 294 3K 7 K II., V.i ions 100 10 is 101s 9RH OS'4 100', lonsj OB'i ar.H OSS 03 15'4 V4 Philadelphia Stocks Nnt Close chijc. LSI j.. .11 - 1 .. HlBli. Low I." Alli In. lSVi l-s'. l'JOAm Strn. 44 'i -H Kl Am Rwys pref . . . 17 'J.'Ruf & S t c jiref 4." W)triille Cop 12 24K Klec Stor !)."i UUirinn Afinli Til 17 1." 12 5i.",ij 17 .. J,'i . 12 H WVi- :h Til 3 15V. 'i 07 .. r,r, HVj-f r.2 - i 14 J4 15 1 ?, 34 IK K l'i 14 5 '5 54 1 35 1 154 "w 54 le 55 15 ' 3K r.i lOtOen Mot.lBU IpU 120 I 3 N A 28;Si aw 1 Htl.'l Late Sun H-Ji " 1." Leh Nav. 07 , SO Leh Vol.. Wi 800 Pa R It. -His (Kl Phil I W 52 c: nr. 41 '4 CITs 20 Phlla Co ....,, cum pf. 31Vi 31 .j 3P.i- Vj S7 Phil Klec , .,,,, ref ... 1711 27 27 !- i', 210 P R T.. 17 HIT ." Ph Tract .r2 52 17 - .-2 4 Si -f-I'ii-li, 301.... ai'i;- uo;r ( lOtlteadlnc SIl 8-J N. -f- "s 1100 Ton Rel. I'j V't tf Vs 100 Ton Min. l1 t1) M) Union Tr30Vi 30-.. "..- Vi'. I... :t2i. 31 V. lOOtr S StlH2 W 2 l Westm (5 'A 74 i4 .1 10 York Rwy lircf... 30 30 30 .. iNVt chance mad by comparison with last eale on New York Stock Exchange. 55 1 1 '54 'i'4 34 i 3i !4 154 254 13 355 Sale- In 1 1 1100 1 Vt Am Onu & IIOND.S Hlith I-ow Net chge. C!or- LMeena... 001!! 3S Hell Tel 7n.l02 1 Klec k Peo Tr Is.... Mli 1 Key Tel 1st 5s CO 4 Luke Huii iu 5s 40 1 Leh Vnl 0s fill J 01) Vj 00? 1 101-71 102 03 Vj CO 53 i CO .. 40 3 Wni-r- 43 HO? Sli-u Lib llmulK 2d 4J4S.. 1 1-5 3d 4iH.. Ill 4th 4Vi s.. 12 3-5 Vic4,H. 3 Phlla Klec 1st 5s,,. . 80.00 80.70 80. 8S 1.8S4-.24 ).424-.42 r.204-.38 110.42 88.00 00 S7.30 81 .80 87 110.00 00.701)0.1)0. -10 Continental 82 82 V? 70V5 82U.. 7l)i5.. 1 Rcud'g g Is 70 'i ...... 1 .1 - s BAR SILVER Uomestlo bar silver wis unchanged In New York ut os'.ic; foreign. C8Hc. up one cent. In London, tilt) piluo was II 4d, unaltered. Egypt to Plant Less Cotton New VnrW, Jan. 0. Prlvato cables from Alexandria, l-Ig'Pt, sav that a de cree ha been Issued prohibiting growers from plantlnK more than one-third of their land to cotton This means that the area of cotton In Rgjpt for 1021-1822 f()r for export ""' t"e mar " 1 ",l . '"t irreg .nine from a better cash ,,, e. points ur. The ., IjilW Close 1 7.1S 1.075 probably will lie 1,300,000 feddans, against 1,800,000 fedilanB this season Thu next crop Is figured at 4,500,000 cantars, against this season's yield of 0,100,000 cuntars. French Dank Statement Purls, Jan, 0. Thu weekly statement of the Bank of Franco shows tho fol lowing changes: Uold In hand In creased 378,000 franca: silver in hand, decreased 93,000; notes In circulation increased 087.096.000, treasury deposits incrensed 26.783,000; general depos a increased G'J.OOG.OOO ; bills discounted incrensed 35.781.000; advance, lncreaBJi 20.8t2.ooo j fresh advance to the i?nto 350,000,000 francs, ,ne 8IlUo' l.il7Vu 1.01V5 7.1S 7UZ 4S'i 47S 73', 70U 41) 4, 24.00 12.(10 13. 4.1 It 42 1.' IS 1.1.10 18, SO 11 47 12.47 minimum rst. Two Billions of Business! Sales of over Two Billions of Dollars are now insured by The American Credit-Indemnity Co. for Manufacturers and Jobbers. More than half of this business is with millionaire houses. There is significance in the fact that Credit Insurance as issued by the American Com pany has not only reached such large pro portions, but-is being increasingly used by merchants of marked ability. With such men, it is not a question of how much they can "afford" to lose, but how much they can save through prudent mea sures such as are afforded by the American's Unlimited Policy. It will pay manufacturers and wholesalers, whatever the size of their business, who are not yet our clients to get the entire story of this broad, protective service of The Amer ican Company. No obligation. Write or phone. Payments to Policyholders about $10,000,000.00 AMERICAN CREDIT-INDEMNITY, CO. or NEW YORK llSUia STANOASD UNLIMITIO POUCH W. J. Morphy, Manager J. F. McFadden, General Agent Mutual Llfo of New York BIdg;. Phone Filbert 5502 Philadelphia, Pa. GIRARD TRUST CO. December 31, 1920 ASSETS Reserve in Federal Reserve Bank .... Cash in Vault and Exchanges for C. H. Due from Banks and Bankers Loans Securities Mortgages Real Estate: (Viz., Banking House and other properties assessed for taxation at S-1,475,030) . . Customers' Liability ac Acceptances LIABILITIES Capital $2,500,000.00 Surplus 7,500,000.00 Undivided Profits 1,047,012.53 Reserved for Taxes, etc 257,863.47 Deiposits 45,703,245.33 Dividend Payable January 3, 1921 . . . 325,000.00 Drafts and Bills Accepted 250,000.00 Bills Payable and Rediscounts at Federal Reserve Bank Secured by U. S. Bonds. . 6,391,500.00 63,974,621.33 SUPPLEMENTARY Trust Funds Corporate Trusts E. 15. MORRIS. President The Federal Income Tax Service and the War Tax Service for 1921 are being dis-, tributed to subscribers Published by the Corporation Trust Company 37 Wall Street, New York City The Corporation Trust Co. 1428 Land Title Building Philadelphia BOND TRADER WANTED Good opportunity offered by investment house handling securities of highest grade. Reply to B 918 Ledger Office 10 Shares Or more of the better jjrade of securities may be purchased PBmStMan. COns0rvntive m ! oon our Partial Alan A. Alexander & Co. STOCKS and RONns .F?,I;,?.N!.IA.L TUl'ST '- PHILADELPHIA lltlji l.oiunt B3lo..:!.;i.l nrjmunrl nuco 1UU E.M. TREAT, president $4,239,638.90 2,684,913.26 2,931,781.13 29,798,284.93 20,541,804.60 156,286.57 3,371,911.94 250,000.00 63,974,621.33 $ 250,014,593.88 1,349,633,695.45 G. H. STUART, 3rd, Treasurer llruiu.li (Jllkt. llrlilccion, .N. 1. T' l . i' " 'hV .-J-ii,iiliii.& , t ... SiA-wOiL-: 1 -- .mi-'IsttargutAt-f '' ;7gIIJLta ,j li-l"ggc lw:tlWU:1t,v4sl', )i t , . Amsaaaaaaamsa
Significant historical Pennsylvania newspapers