"i--' NiH53$ifli?'? v-..r- " "" tv 'a'jwwja w-"- - -. -i wK,7',"if'i'v -1 v "- ' krv, 18 EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JANUARY IT, 1921 sa yrv;"" mmmummmmmFmrwtnv - .rs1 i.ww.iiw u.wr ;iv.i''"-i m LAt 5-A . IV .-1 . ' J f : 15 (8 W Will i- IMSWi $50,000 New Orleans Terminal Fir.t 4t, due 1053 ir.ttASTKEn Principal nnd Interest by ROtmiKRN RAILWAY CO. A first morta-aro on the entlr. froperty of the company Includ n 0300 acres of land with a frontare of 24 miles on the Mis alaslppl Hlver, freight tcrmln.U. irraln elevator with 500.000 bushel rnpaeltr; 49 consecutive block In the centre of New Orleans on which nri a, modern Kaasenxcr station and freight ousei, and a helt lino railroad with total truck of OS mllen, connecting with all the railroad! entering New Orleans. Price at the Market To Yield About 6.62 ATTLES & COMPANY Eatnblishnl tH!0 Independence flaoare (Kant) iflDnininrajiaiimiHMnnnanniHnijnnra.Tn MARKET WAS FLAT TRADERS' AFFAIR Traction Shares Suppllod tho Only Excitement in Back ing and Filling ATTENTION of the financial world it centered on the atock market today. ALMOST BEWILDERING In their reality are the amazing op. portunltlea for profitable Investment open now. CAN YOU AFFORD to overlook chances like these ACQUAINT YOURSELF with this extraordinary altuatlon byl obtaining our "YEAR.END REVIEW" and Supplement which recommend fori purchase such atocka at are considered exceptionally attractive yielding hand. I ome returna on preient prices. Free Upon Rtquett j MilfconHeim&Ca, Investment Securities wi. Cnnnol. Htk. Er. of N T Member Philadelphia Htk. K,eh. 1022 Chestnut Street rhonrai Bell. Hproce SS17-4JD0 Keyatone. Iluee 749 74 Droudwoy A 4S0 5th Are., J,'. Y. Stamford, Conn. Bonds Investors should ask for our January Bond Circular. It lists many attractive issues of Government, Munici pal, Public Utility and Railroad bonds which we are recommending for investment. Harris. Forbes & Co. Pin. Strctt, Corner William NEW YORK PHILADELPHIA OFFICE: Wideoer Blds. New York, Jan. 17. The new week started with a decidedly flat stock mar ket today nnd with n further pro nounced contraction in the volume of business. Contrasted with some of the recent excited sessions the dealings were cxceerllt fly tame. To n lnrRe extent the trading represented little save the familiar scalping operations of the pro fessionals. This produced more or less of ragged price movement with mod crate gain in the Industrials, while the railroad division showed n tendency to react. About the only real excitement was supplied by the local traction group wnicn were featured on the prospective legislation at Albany looking fur higher street railway fares. Nothing particularly interesting was to be found in the over-Sunday develop ments. In fact, there was n singular deartn of Intlurntlnl news in so far ru the market was concerned. Yet some things having direct connection with the economic and fundamental condi tions were considered quite favorable. Probably the most influential In this connection was the favorable Federal Reserve Hank statements, which. In 1 turn, helped to lessen what nlnrm there may have been excited by the deficit of legal reserve requirement reported by the Clearing House institutions. The reduction of $107,000,000 In redis counts was considered especially sig nificant, as this brought the outstanding rediscount to the smallest reported since March of last year. At the same time loans on government collateral dropped to the lowest since March, 1018, which, in turn, was accepted as evidence of indicating a great reduction of com mercial demands. Lnst, but by no means U-ast, was the further improve ment In cash reserves, which percentage reached the highest since October, 1018. In the interpretation of the street this clearly foreshadowed much easier money market conditions with lower money rates. . Another favorable symptom was the news from Mexico intimating that the government was framing legislation to destroy the retroactive fenturcs of Ar ticle -i oi me or me .Mexican con stitution, thus giving Mexican oil com panies complete titles to their land holdings. Liko in all dull markets these matters were of only academic interest. In truth the performance was largely n repetition of the irregular two-sided backing and filling traders' market of the recent sessions. Industrials and rails followed contrary courses during most of the day. Crucible Steel started out to do big things nt tho outset with nn opening udvauce of over 2 points. Other industrial specialties also displayed no table strength. Home of the early gains were extended during the first hour, shippings, oils and tractions showing special strength. The latter presumably on prospects of on increased fare, rose il to 5 points. Third avenue leading. Reactions of 1 to 2 points before noon in steel, equipments and motors were ac companied by a break in investment raits, Heading falling almost 2 points nnd Southern Pacific 1. International Paper lost 24, Studcbaker lVa. He public Steel 1 nnd Hold win Locomo tive 1. Coppers were dull, despite ru mors of a possible merger of the low priced companies. SLIGHT VARIATION IN LOCAL STOCKS Market Extremely Narrow on Both Buying and Selling i Side Portland lUllwur. Light & Tower. . .3' 112 Trading in local stocks was absolute ly featureless. In the first place there was very little business done. In the second, what few price changes were registered seldom exceeded the smallest fractions. The proceedings, altogether were entirey perfunctory. The Mowing down was to be expected, not only be XH:nxr;z:VcZz:T z: v,i --?f the . to,! ,,. i - Penno Water 4V Tower Company Phils,. Ilapld Transit Company. . . . Weateirn New York & I'rnnn. Tract, Kmplre Ileflnlns; Company Mtaffer Oil A Uerlnlnir Company (general Aaphslt Compan iporU Ry. tt Electric Co. font. Vlrrlplan Tower Company .Southern Indlnnn Railway Co, Newnrk Fnseenrer Railway Co. l'enylanla Company Union Ry, Oaa & Klrrtrlc Co. Hot! Troyroore Company Indole. Traction Terminal Co flirat Weatern Tower Company. . Indiana, Col. A Euatern Trucl. . lad. Service Corp. Ref. S'rt & AdJ titrft hilt nlcit hcWAtiHfk nf thft fltrtnftHncy fl'a !Sa? 0f ttrlcet lntPre8t elsewhere. mi? Until some stimulating initiative 3" 10J7 , turns up there is not much likelihood of ' loin any material change in tne mnrKet con 8'a 1030 ditions. There i no particular in 3' mas centivc to invite extension of loeul hold i'a ioij. lngs or making new ones. The adjust -Va last merit incidental to the tax selling hav- 3'a 11)30! ing been completed the market us a 4Vi' 1921 fhole noturully has fallen into the fa ,6' 1089 i miliar doldrums of that juncture fundi 6 1927 inr terms on the street ns "between 3'" l33 seasons," ..fl'a 19i(l I , ... ..- -- 3'a llrfl 1 ' jriuuitj uuui' ui me1 iruuna;uuu rr- Mtir. 8'a Samuel K. Phillips & Co. Member Thlladrlphlii Stock Kxehanre S7 C1IKSTXIT KTRKET New Issues U. G. I. Co. 2 yr. 8 1923 Grand Trunk Equip. 6H 1936 Sand for our Hit of luggettiont of t atoned i'jium filing at a dUcount to yield from 6 to 7J0. Exempt from Penna. State Tax. Reed A. Morgan & Co. Membara of the Thlln Stock Eich. Wj Hud Trutt DdO.. PMla. qulru inutvitluol comment. There was no semblance of activity anywher; on tho list. Some of the purely looul shares put up a firmer front than others, but where oins or small de clines were mud both resulted from the narrowness of the market. Frac tional gains were made by V. (i. I., (iencral Asphalt, Lehigh Navigation and Lehigh Vallej . Offsetting these wt-ro slight recessions in Klertrie Storage Ilattery, Pennsylvania Kail road, Philadelphia Hnpld Transit und Philadelphia Electric. NEW YORK STOCK EXCHANGE TRANSACTIONS Silee ste ee 3to too stno 300 too 600 MO 100 ;oo 300 too 300 HO 78 100 100 700 7JJ40 too 300 COO 100 ' 100 ZOO 300 1S0O 100 400 200 100 1000 300 00 eoo 1300 200 400 100 200 2300 200 100 8.100 200 2100 100 300 3200 7700 2700 300 300 100 800 300 100 100 400 400 400 40 300 100 eoo 1000 100 40,1 Philadelphia Stocks ii We Recommend the Purchase of Liberty Bonds Jutt timed a circular regarding Penntylvanta Railroad. Your for the atUing. HEWBURGER, HENDERSON & LOEB Mombera New York and Philadelphia Stock Exchang$t 1410 Chestnut St Itlfh I.ow I Am as.. :i2 .T r.tHiltteSup 12-y, 12 0 Elec Stor 00 00 10 (Jen Asph. 57, fl7V8 TO Leh Nuv. 08 OH 21 Leh Val.. 04 Til", 10 Minehlll.. 44 44 272 Pa It It.. 42 41 TO Phlla Co cum pf.. 32 :i2 ISO Phlla Elec 22 22U 40 do pref.. 27' 27 l(K) Phlla It T 17:li 17 25 Phlla Ins Wire... 01 M 203 I.' O I... 31 :io', Net chse. in: P." mi Vj 07 m- 08 4- 04!i i-i 44 4ir;'s y, 32 .. now 1 27 Vs U n- 01 :ti Dlv. In I HlKh .. Advance Uumely .... 1SJ, 4 AJax nubber 31 .. Aluka Gold Mines... 1 .. Alaska Juneau O M.. Mi .. Allied Chcm & Pyo... SK . . Allied Cnem & Dyo pf Myi 4 Alll9-Chlmer 3JW Am Agrlo Chem SH 0 Am Agrlo Chem pf. . 84 4 Am Unnk Note 4HU Am Beet Sugar 4(1 10 Am Bosch Magneto.. M .. Am Can 37K 7 .Am Can pf Mi 1? Am Car A Fdy 124 jfc Am Cotton Oil pf.... S3 10 Am Drugr syn 7Ji . Am Hide & Leather. . 7 Am Hyde & Leather pf 45 . Am Intemat Corp. . , 40& . Am lUdlator 7t .. Am Ship A Com 11 4 Am Smelt A lief in 7 Am Smelt A nef pf.. 7"H 3 Am Steel Foundrle... 80V5 7 Am Steel Fdyn pf . . . . S5H 7 Am Sugar lief 03 10 Am Sumatra Tob 78 8 Am Tel A Tel BK 12 Am Tobacco 117ll 12 Am Tobacco B f,is 7 Am Wholesale 7 pf. Ooli 7 Am Woolen ; ), 7 Am Woolen pf 7 .. Am Writing Paper pf 37 & . . Am Zinc Lead A Smlt 4 Anaconda Copper ... 38 0 Asso rry Ooods 1st pf 88)5 Atch Top A Santa Po 82J4 . . Atlanta Blr A Atlnntlo flW T Atlantic Coast Line.. 85H 10 Atl Oulf A W I S S.. 73 8 Atl Oulf W 1 3 S pf 43ft 7 Atl neflnlng 7 pf. ..lOSft 7 Baldwin Locomotive . tl$ 7 Baldwin Ixco pf 100 . Hnltlmore A Ohio... 2ft . . Bntopllaa Mining: . . ., l . . Bethlehem Motors ... 4 8 Bethlehem Steel B.... SH .. Brklyn Ilapld Transit 1 . Brklyn It T ctfa of dep J4 . . Butto Copper A Zinc. . fly . . Butto A Superior Cop 12H .. Butterlck 1 .. Caddo Central O A II 10K 10 Canadian Pacific . ...117H . . Central Leather 38)4 8 Central of N J 201 10 Chandler Motors 4 Chesapeake A Ohio... 6015 . Chicago A Great West RH . Chicago A Ot West pf 10 .. Chicago Mil A St P... 29 . . Chicago Mil A St P pf 45 .. Chicago It I & Pao... 37U fl Chi R I A Pac 6 pr 04 1 Oil R I s Pac 7 pf 7314 mie copper 11H 400 l.so Chlno Copper .. 317s 24 00 10H 8Hi 70!-i 000 . . Coca-Cola 1700 s Column Gas A Klcc. . 3400 l Col Qrnphophonc ... 400 7 Consolidated Oaa . . . 300 3 Consolidated Textiles 800 . . Continental Candy . 1600 4 Corn Products Ref.. 100 7 Com Products Ref nflOOli 600 3.00 Cosden A Co 31 7800 8 Cmclblo Steel 98J5 100 .. Cuban Cane Sugar... my, 200 7 Cuban Cano Sua-ar nf 64 1& 7 Cuban Amer Sugar. . 20 9 Delawaro A Hudson.. 10034 . Ccnver A Rio Grand 8 l . Denver A Rio Or pf . . 1 Dome Mines . Duluth So S A At pf 2 Durnam Hosiery . . . B Kndlcott-Johmon . . . 7 Kndlcott-Johnaon pf . Trie Krle 1st pf 8 Famous Players L.. . Flsk Rubber . Fteeport Tcxbb . . . . . Gaston Wms A Wig. . General Asphalt . . . . General Asphalt pf 0 General Cigar 8 General Electric Goncrnl Klcctrlo rts. 1 General Motors 6 Gen Motors deb 6ft. 7 Gen Motors deb 7. Goodrich U V 41 7 Great Northern pf... 77 4 Great Nor Ore ctfa. Homestnke Mining 700 200 3100 100 100 100 101) 900 200 1100 300 2S00 1100 4400 1300 11300 200 1100 4000 841 8800 200 100 400 300 1200 300 100 1200 100 100 100 4100 (700 200 700 100 100 3300 2100 300 1800 100 1300 2000 2ii 11 J, 7 30 . 5 H . 03 . ins so ;; . 85 . 14)4 . 205 . 4K . 88 . 09 ? . i! .15 . 5 . 14 Ti . H 7Btf 30 80 X .. Houston Oil 73 1 Hupp Motor Car.... 14 00 Indlahoma Ref 7 .. Inspiration Con Cop .. 34 S Int Agrlcul Corp pf.. S3J .. Interb Con Corp &U .. Interb Con Corp pf . . 14 V .. Inter Mer Marine.... 14 H o Int Mer Marine pf . . . SS .. Internal Motortruck . 34 14 7 Int Motortruck 2d pf C3i .. International Nickel .. lsli . . International Papr . 50J S Inter Paper Pf stpd.. 73 .. Island Oil 4H . Kan City Southern . 19 f, 4 Keiiy-springneld Tiro 46J1 ? Ketinecott Copper .... 20 U Low 18ft 34 1 IK 5ft 2 35 80 82 48 V4 4K 53 37 86 1'tft (3 7?i 4? 4SH 71 10ft 37U 7 V4 30 V, 85yJ 3 76He tt 11714 14U 014 7K 6 37 37 58 Vt 8 6l 85 71H 429, 10(ft oh 10A 35 fi 1 3 8814 "H 814 514 1214 10 1554 117 38 Yi 201 68 60 8H 10 2815 45 37 'A 63 7314 1114 21 J6 3314 60 10!a 80 ft 20 3ft 70 10014 31 05 a; 2214 04ft 28 100 1W 2U "ft 7 30 88 2 ft 14 ft 2014 82 H 14 17 Yi SS'A 08 81 U 124 19. 14 714 46K 77 214 60 73 ft 1254 7 35ft 63ft I4 12 ft "ft 85 34 ft 03 ft m 7ft 73 4ft 10ft 4UH ltft ft X u 'a ift V ft H "h ft ft "h ft w "li H .it ft ft M lft Ti H 1 "h 140 Nat Cloia Chr. 18ft .. 34 - 1 1 lft 82 ft 2 - 35 -60 83 -38 ft 4 3X 83 21 -89H4- 124 ft 63 4 7ft 4 45 4SS 71 ft 854 t 4 78 H 11714 18 4-Mft-08 ft 0 ft 37 37 8ft4.. 83ft- 6ft 4- 85 ft-71H-43ft- 109ft 4 90 M - 100 35 ft- 1 ft 88ft- K 14 3ft ft 3ft 5 ft ft 134 .. 1 10H4- 117 38ft- 201 -68 -00 ft-Rft-19 -3815-45 -37ft-64 atft- 23ft 60 ft 10 ft 81 4 20 3ft 70 ft looft f- 31 814 4- 23ft- otftx 2S - 100H- lftj- 2ft4-11144- 7 4- 30 4- 3 50J4 4- 1H lft- IV 20ft- ft 55 lft- ft 20ft 2ft - H 88 4- 2ft 8J- ft l44- lft 17i 4- 4 UH 60J4 - 77 20 ft 80 73144-H-7 4 34ft 3ft4- 3ft 4- "h 4 ft lft H H r ft i H "ft 14 "ft ft I ft Dlv. In $ Itlxh .. Keystono TAR 11 6 Lackawanna Steel ... 86 .. Lake Ilrle & West pf 36H 2 Leo Rubber Tire 18ft 3,80 Lehigh Valley 85ft 9 Loewe Co 17ft . . Loft Corp 13 12 Lortllard Tobacco ... 41 7 Loulsvlllo A NaahvlllelOtft . . Malllnson A Co 0 7 Manhattan Kiev guar 63 1.75 Manhattan Shirt .... 10ft 3 Marlln Rockwell 17ft ,. Maxwell Motor 6ft . Max Mot 2d pf ctfa.. . . Max Mot lit Pf ct sta 8 ft 12 Mexoan Petroleum . . . 163ft 3 Miami Copper 18 ft 1.60 Middle States Corp . . . 13ft .. Middle States rts.... ft 3 Mldvale Steel A Ord . 37 . . Minn A St Louis lift . . Mo Kansas A Texas. . 2ft . . Missouri I'eclflo ltft . . Missouri Pacific pf . . . 41 . . Montffomary Ward . . 18 4 Mulllns Body 25 24 ft 400 7 National Blacult 104ft 0 .. Nat Cloak A Suit.... 35ft 300 .. Nat Con A Cublo 4ft 800 . . .Vat R It of Mex 2d pf S 300 .. Nev Con Copper ION 100. o New York Central... 73 100 . . xew York C A St L. . 4714 27M . . New York N II A II. . 23ft 600 7 Norfolk A Western... 101ft 700 7 Northern Pacific 8 200 40 Okla Prod A Ref 3ft 100 . . Ontario Silver M!nng S 1000 2 Orphcum Circuit .... 37K 2000 . otls Steel 1SH 100 s Paclflo Gas & Elec... 47ft 300 . . Pacific Oil 35ft 350 .. Paclflo Tel A Tel 43 3500 o Pan-Amer Petrol .... 76ft 100 o Pan-Amer B 6ft 100 .. Parish A Bingham .. 14ft 1300 s Pennsylvania R R ... 4U1 HoOO .. Penn Seaboard Steel. 200 , . Peoples Gas Chicago, 100 . Peoria A Eastern... 1310 s Philadelphia Co . . . . 2000 . . Plerco-Arrow Motor 700 .. Pltrco Oil 600 n Plcroo Oil pf 2800 Pittsburgh Coal lOil a Pitta Coal pf 2J00 7 Pittsburgh A W Va. , 500 o Pitts A WeBt Va pf. 600 8 Pullman 600 4 Pure Oil 600 3 Punta AlegTc Sugar 300 1.33 Rand Mln Am Shares ft 14ft 4- 3ft 14ft- 55 f- 34ft- 63 ft . 14ft- 57ft- 73 K 10ft 464 4 20 4- 300 20000 100 000 100 8000 1100 0, 100 200 400 600 100 1700 3500 300 , 31V0 3000 7300 200 100 400 100 6400 100 1200 100 100 100 20 S100 3500 100 1800 800 2100 200 eoo 10O 800 400 3200 600o 000 100 100 4600 300 800 1000 1400 100 200 100 200 1100 200 800 100 100 too 200 1000 200 200 17 , 36 , 1014 33ft , 24 ft , lift , 78 , 01 , 88 , 31N , 75 10)i 35 ft .47 23 ft , 13ft 88ft 1 Ray Con Copper. 4 Reading 3 Reading 1st pf fil?i 2 Reading 2d pf 57ft 7 Rom Typewriter 1st pf 80 0 Republic Iron A Steel 70 20 Royal Dutch Amer... 68ft 1 St Josoph Lead 13ft .. St Louis San Fran... 32ft . . St Louis Southwest. . . 28H .. Saxon Motor 4ft . . Seaboard Air Line. ... 64 8 Sears-Roebuck 02 ft . . Seneca Cop Corp. ... 20 74 Shell Transport 44 .. Sinclair Oil 24ft 6 Southorn Pacific 8ft .. Southern Paclflo rts.. 20ft . . Southern Rail 23ft 8 Southern Rati pf . . . . 6(ft 20 Standard OH of N .I..165 7 Stand Olt of N J pf . . 108 7 Studebakcr 52ft . . Submarine, Boat Corp Oft 3 Superior Oil Corp.... 13 6 Superior Steel 45 .. Tenn Cop A Chotn... H 8 Texua Co 43ft .. Texaa Co. Warrants.. 43 1 Texns A Pao C A O. . Sift .. Third Avcnuo 18 ft .. Tidewater Oil rts.... lift 0 Tobacco Products .... 80 ft 7 Tobacco Products pf. 1 , . . Transcontinental Oil . 10ft . . Union Oil 23 10 Union Pnclflc 120 8 United Drug 103 12 United Fruit 104 3 United Retail Stores. . 65ft U 3 Food Products.. 25ft U S Ind Alcohol 08 j; U S Rubber 68 U S Rubber 1st pf . . .103 U S Smelt A Ref 35 ft U S Steel 83ft V H Steel pf 100ft Utah Copper 65 Vanadium Corp 3BJ Va-Carollna Chem . . 36 Wabtum 8'i Wabash pf A 22 Weber A Hellbroner.. lift Welln Karoo Express. 04 Western Maryland .. 11 Western Pacific 37 ft Western Union Tel... 87ft Westlnghouse K A M 44 ft . . Wheeling ALE. 4 Whlto Motor . . White Oil Corp I Willys-Overland . . . . . Willys-Overland pf fl Wilson A Co iu? 38 10 7ft 34 44 Kx-dlvlJenrt. I,oNr 10)1 86 25 fi 18 ft 84ft 17 12 40 102)4 o 4(ft "ft ion. 5ft ft 8ft 161ft' 18ft 13 ft 3154 lift 3)4 lft 40 17ft 25 23 10 lft 34ft ft 4)1 10). 73 47 ft 31ft 11 83ft 334 8 27 Ji 18 47 ft 35 ft 43 75 H 60 ft 14 ft 41ft 15ft 36 10ft 37 ft 23ft 10 ft 77 . 8J4 88 30 ft 75 107 K 35 48ft 33 ft 13 ft 87 ft 81)4 87 ft 80 08ft 67 H 13K 23ft 38 4ft 0)4 01ft 19 ft l34 23 H 6M 10ft 23 ft 59ft 164 108 50 ft ft 12 H 45 8)4 43ft 43 28 n 15H "ft 55 ft Oft ft 23ft 119)4 103 103 65 214 08 06 103 35 ft 82ft lOtft 54 38 ft 35 8ft 21 H "14 04 10)4 2714 85)4 44ft 10ft 38 "4 16 7ft 33ft 43). 1:30 Net Cloio Che. ft 'It ft ft 14 H ft ft ft ft ft "'ft 1 1H 11 4- 86 4' 25)4- 18144-ft- 17 13 41 103ft O 53 f K-104- 8H- ft 8ft 161ft- 18H4- 18 - 9. - 32 lift 2H 17 ft 3J 4 33 - 134ft 1H 3Ift4- 3 4ft- 5 4- 10)4- 73 - 4714- 31ft- 101 - 8ft 34 5 - 374 16 47 ft 35 ft 43 4- 78ft-6ft-14 ft 41H 18ft- 30 4 10ft 32ft-r 24 lift 4 J8 4 5ft B8 4- 31 -75 10ft4- lft 35 40ft 23ft 4 18 ft 87 ft- 51)4 67 ft 80 -00 ft 674 4-12M-22ft-28 - 44 4- 64 024 4-14-44 -23ft-9Tft - 19H- H 23ft .. 89ft 4- H 164 - 2ft 109 - ft COft- 114 9ft .. 13 4- ft 45-1 fl?4 43ft- ft 43 394 4- 2ft I7ft4- ft HH4- ft 86 ft 4- 1 10 33 118ft- 103 103 -85 ft-24144-68 66ft- 103 35 ft 4 83 10ft 54)4 4 38ft 4 38 - 8ft -11 -3715 4- 87 ft 4 I0H- ft 384- ft 16 7ft 31 4 ft 4 4 34 ft H H H lft ft "ft ft "ft ft 3 ft ft ft 1 "ft "h 2 ft lft ft 2 ft 'ift l ft 3ft ft ft ft li !4 H "ft ft ft li lft H "ft i. ft i ft ift H '"ft ft )4 2ft TRACTION SHARES LE ADERS ON CURB Croup Moves Up Two to Five Points Standard Oils Quiet Votv Vnrli. .Tan. 17. The traders on the Ilroad street curb apparently did unt comprehend the Important results that may develop irom me ngnx lor in creased fares which will start this week nt Alhanr. Althoush local transpor tation stocks on tho ntoek exchange moved tip from 2 to R points, it was some time DPtore tnero was nny iron Inir In Hrnoklvn City Railroad on the curb, that stock selling late In the forenoon at 4, a fractional gain, out later in the day the demand Increased. Industrials were steady, with atten tion devoted to Durant Motors, which was trnded in at 15 and 140. North American Ihiln was firm, sclllne atOVj. There wan only a moderate amount of bufiinewj in HwectB, which sold aown to 2 in the first half of the day. The Htnndord Oil Issues were unlet, n bout the only tradine in those stocks being in Standard Oil of Indiana new. which sold nt 72 to 73. Fcnsland Oil continued firm nnd was traacti in at 14. International Petroleum, otter reacting last week, was again strong, moving up to 17. Slmma Petroleum was steady nt 8 to 715i. Mnracflibo was again in demand, selling as high at 15, but later reacting to 15. Iu tho minC9, the feature wus Gold field Florence, which made nn ndvancc to the new high for recent trading. INDUSTRIALS 1:30 lllth I-otr p, m Asms Coal 1. Ilrooklyn City Rwy Columbia Emerald Ixx-fimobtlo Durant Motora North American Taper . . Perfection Tire Hudlo Com Hweeta Co tl S Steam U 8 Ship Corp 1 STANDARD OILS S Oil of Ind new 78 INUEl'KNDKNT OILS y '.. w .a b CO nos OOtt 'k 1 IS 1H 15 US 2i 2g 1H 14 IS 17 J" Allied Oil Hoiton Wyoming , Carlb Bin Cltlea Hcrvlce "11" Denny Oil i:ik Ilaeln Tot .. Kameraldo Oil . . , Kedoral Oil KVnaland Ulonrock Oil ..., Mudeon Oil ....... mi 1'oirol ctfa.. 17 1 H)4 1 li! I 17. 10 s 1 S'.i 9 o 14i 73 17 k 9 mi i-otroi ' , Kay County Oaa IJi Maracatbo Oil 18H Marland Oil 28ti Merrill Oil Mount Prod Noble Omar Oil Producer! & Heflnera . . . tilmma Put Hkelly Oil Uo Texaa Oil Victoria Oil new JI1X1XQ Alaaka-Br Columbia .... Atlanta tils Ledce Ilooth Ilont'in & Mont Cak'd Mln Candelurln Btlver Cortez Silver Oroecent MoNamara Rureka Croeaua Clold Con! Gold Devel a ti $ 10 10 ID Hft 3tVi jw., i, it,, u w OS a aR 2 i n fi 83 ea i 'i i Ooldfleld Florence oola zone Gold Hllver Tick Commodity Markets LOCAL MINING STOCKS TONOl'AH STIK'KM (" i Iijy Jim llutler . , MttiNunrar MncNnmara Creaceitt .Miuwny DM .07 i; 00 ft 14 COTTON MARKET New Vorlt, Jan. 17. Trade anil Livi-riiool bousht enough cotton nt the opening of the market today to hold it'!'zih uxt oh steady in the face of moderate Wall M ;;;; :;;;;:.;;:;; ;SJ Mrn;t nciliuii. .ai;icn hiio hwji iu-'i , fiesrue uuin u but textile reports continued bullish. Tonopah Ext IS Foreign exchange was strong and the , .J, rinopah ".:::::.:::.': iVo Bouth reported u better demand for the dividf stocks spot article, especially lower grades, AIlleil DMa " ; ' ol fjom domestic mills. 'aho Divide O'j At the end of tho first twenty min- iM""' ;.; ?, utes. the n was stwidy at a shade uLhS, ":::::r::::: " under Saturday s close. iirounh Divide Tib rivpmtH of cotton nt the tiort.M I y v'o" ' for the day are estimated nt 18,000 bales, against 17,i!12 bales n week ago and -7, nil." bales a year ago and 21,'J7l) bales two years ago. 12.30 January March . Mav July ... October Kat. rloart , 17,'W , 10.22 1H..M , 10.33 . Ill 40 Toduy'a 17. Co Ht.25 HI. 2.1 IS. 37 HI 4j ! m 17 tr H! Ul 111 02 10 IS .10 .1:7 .00V, .02 .o:t .02 .ir. .01 Net chanir mule by cmparlton with latt ale on New York Stock KxcrunK. 1.15 p, m. 102 NVt cliee 4- ott United Gas Im. 8s, 1923 Etccl & Tube Co. of Am. 7s, 1951 Grand Trunk Ry. Eq. 62s, 1936 General Asphalt Conv. 8s, 1930 Sub. Gas Co. of Pa. 1st 5s. 1952 Armstrong Cork 7s, 1931 North. Ontario Lt. & Pr. 6s, 193 1 MCownfeCc t.eu.t 6194 Und Title Bldg. uc414 yv YorfLTel. Connection, Canal 49l Hala In IIONIW iiooo Hih riw 'J Hell Tel 7s.l0'2 102 i Elec & Pen Tr 4s ... 30 5fl 2 Lehigh Val gen 4 738 80'i W)i.a 80Vi-f2'i 1-10 Lib Ilonds JIV.s 01.10 01.10 01.10.. 2 1-10 2"d 4iH. 87.34 87.110 87.304-. 30 10 4th 44.. 87.(10 87.30 87.50. 30 1 Vic 4-v.s... 07.10 07.lir07.10 .01 ,(, Pa II II 7s.l05 105 105 4-1 5 I'nlted Hwy Invent 5s... 00 Yi 00 Va 00V3.. GRAIN MARKET Chicago, Jan. 17. Trade in wheat wn- moderately active this morning nnd the market in the early trading had n firmer undertone. An eastern house sold at tho outlet. Good support was furnished at tho immediate htart. when quotations were lower and gains were soon established. This support was withdrawn on the bulge. March opened at $1.73 to $l.74V4, against $1.73Vj at the end Saturday. Muv started nt $1.05V3 to 51.00, com pared with $1.00Va at the end Sat urday, nnd moved up to $1.07. There was no feature to the business in corn. The market was irregular , i -i j J f.... ..li.nivl nt Tfll. n In Tin lumlnul '1,1,, "I'Mi.'l - " , il,Milin, 70VjC at the closo. fiaturday, July started at 7194c to 72c, against 71Vic at tho end Saturday. Oats were dull, cash houses pur chased. May was quoted nt 4514c to 45c at the outset, against 45c at the close Saturday. July opened un changed nt 45': and later sold nt 45c. CHILD DIES OF BURNS Josephine Marino, eight years old, daughter of Ilichard Marino, of Kdge Hill, died yesterday In the Ablngton Hospital from burns received while playing around a bonfire Saturday. Members of the Kdge Hill fire company used their motor apparatus to take the child to tho hospital, but she had been so i.ndlybunird that alefforta to tnvo ...... ... ...nr.. (,Vl .IV VJ,,- J plvjairr.e IMvlilt Syndicate Divide Con Dividend Kiet Divide Harmlll Haabmuck Divide Hlh Divide Ilcert Divide Reno Divide Roeetto '. . . . . Hllver Klnir Tonopah Divide Tonopah Haebrouck . . . Victory Divide Verde Divide Zona GOLDFIULD STOCKS Atlanta lllue null Booth C O D 8o mb Fraction rackerjack Dl&mondneld lllue Hull... Dlaay Florence Ooldfleld Con Oolilfleld Morirer Ooldreld. Dv Oreat Herri Jumbo Kit Kewanaa Ione Star dm ned Illlla li'" Silver TICK Spearhead MISCUL,r.ANI50UH Ampr.ro 1 JO Arizona United Hi Kden .!." Mother 1-nde BH, Nevada Hllla Nevada Wonder 17 Tecopa Mlnlnc 05 Whlto Capa 09 Aslj OS in iiVi in 17 till II,-. (irt 2.1 I'i :i'uA .oi on ori .0.1 .in .211 211 .III 113 III ul 20 112 Liverpool Cotton Liverpool, Jan. 17. Thpre was a good Inquiry for spot cotton toduy with prices easier on the basis of n, decline of 14 points for middling at 10.09d. The sales were 6000 bales. The rccc nts were 10.- 000 bales, Including BOO bales American. Futures were Btcady In the early deal ings. 8pot prices wero: American, middling fair, 14,94d; good middling, 12.44d; fully middling, U.od; middling, lO.GSd; low middling, 9.09d: good ordi nary, 7,B9d, and ordinary, 6.84d. Paris Bourse Prices Barely Steady 1'nrli, Jan 17 I'rlces were barely Bteady on the Rourse today. Three per cent rentes, C8fr 36c: exchange on Lon .02 03 00'i .01 .02 o:t .02 .m .01 f, .01"4 .01 .03 .OS on .02 OI .22 .23 rics .01 02 .01 02 .03 Oil 0H .01 02 .12 .Oil .oo'; oi .oo', oi .17 .20 .00 UK fto',4 .01 .01 .Oo'i 01 r.Vi b'-j .02 OS or. ns 0014 l.i :t 01) OU KiV, 03 .05 Financial Briefs Oreat nend lleola Mining- Iron IJIotaom Jumbo Extension Knox Dlvldo Marah Mln Mother I-odo Mother lide new Nlplaalnic North Star Hex Cons Kocheeter Mines Han Toy Silver Klnx Divide So Am V tt O Succi'aa Mln Tonopith Heliaont Tonopah Carh lioy Tonopnh Divide Tonopah Kxlemlon ., Tonopah-JIm II Tonopah Midway Tonopah Mln Tonopah Mlipah Tonopah Montana U 8 Cont United Eaatern Victory Weat End C White Cni Wllbort RONDS Anaconda Cop Ta of 20.. Ileth Steel Ta ot 85 Cerro da Tanco 8s Cone Oaa Kb Orund Trunk 04 s IntiTbom R T 7a Steel Tube 7a Sinclair 1V S O of Calif 7 H O of N Y 7a of 25. S O of N Y 7b of SO. H O of N Y of 'JO... R O of N Y 7a of 80. 0 A3 15 ate! 07 15 4S 8 l 20 10 23 8 54 54 si; 5 5 5 0 S 48 15 20 (14 in 47 7 17 10 23 5 n s 64 b4 n x, 5 o 3 52 15 22 07 15 4S H J 20 10 23 2 0 A 8 C4 1 10 14 20 fi 02 20 .10 .00 The nverago price of twenty ncttvo In dustrial stocks advanced .60 per cent on Saturday to 76,14, while twonty rail roadB mndo a gain of .41 per cent, to 77.66. Calumet and Hecla December output was 4.754.000 Pounds, ngulnst 4.227.09D In N'ovember: Ahmeek l.UM.BOQfagulnst, i.ou.ouu , inio iioyuiH oia.avv fiKuinsi 708.684, Kdward 15. Smith & Co. announce that nav D. Seyffert has tulten charge of Its statistical department. At a meeting of the Franklin Xation.il Ilank board of directors today for or ganization, J. II, McAllister was re ehctetl iircsldent nnd .T. A. Harris, Jr., vice president. J. William Harrft cashier, wna also elected a Vice presi dent. The Investment Registry of America announces that John Kant has become associated with its trading; department Samuel McCreery & Co. havo opened offices In tho Franklin Bonk Building. NEW YORK COFFEE MARKET New York, Jan. 17. There was a sharp brook in the coffee futures market at the start todny, a decline of 13 to 11) points carrying active months into new low ground for the year. March sold ut 0.25c and May nt 0.07e. lleoeipts re mained heavy and Itio and Santos con tinue to show a desire to sell coffee. Offers have been lowered considerably within the lust few days. During tho tall n speciul cable from Santos reported further weakness in futures there, declines of 25 to 100 rels being noted. This brought out liquida tion from trade nnd Wall street sources. Later, price here rallied n few points on covering. March rose to 0.30c nnd July to 7.00c, or 4 to 0 points nbove the low lev.el of the call. Swift 7a t'nbn Tank Va C'nro Chem UVuturn Elec Denmark S Hiimbunr 4b Norway Ha . , Swedlnh H . Vienna !' tin 4 ' ltt 7 ,1 15 oA N II 3 04i 0(1 V. .10.1 . 00 . tmu . 71 . 0.1 . 004 .loUi tm .1014 1014 1014 .102 1014 1014 .1024 1024 1014 14 14 7 7 14 1A l.fc IT '! 1 9 0 7 M 74 74 2 A 2H ft ft 7 SA (14 04'i eo; hah 10,1 108 on oo no4 004 05 95 , 00 004 101',; 1014 101 101 on 7B 74 13 nn .ion . 1111 nn .1004 loo . 110 on4 . 15 15 .ion'; 100 . 83',-j M'i, . 24 2' j 00 101 101 nn 100 00 H 1.1 100 h.14 24 FOREIGN EXCHANGE New York. Jan. )7. The foreign ex change market, with one exception, opened stronir at gains ranging up to U points over Saturday's final figures, the last In guilders. CableB were quoted at 32 and checks at 32;. The feature was a lump of 11 points In marks to 1.62. This movement was started about 1.44. Sterling opened with a gain of c at 3 74Vi for cables and 3.73 for checks, Francs stnrted In 7 higher, at 6.16 for cables and C.lfl for checks. Lire gained only H to 3.46 4. for cables and 2.46 for cheoks. Other nuotntloni "were: Bwlss cables 15.62, checks 15.59; pesetas cables 13.26, checks 13.23; Stockholm cables 21.40, checks 21.35; Chrlstlanla cables 17.25, checks 17.20; Copenhagen cables 17.70, checks 17.65; Belgian cables C.48, checks 6, 4714. After declining to 13i per cent the low on this movement, the premium on Now York exchange In Montreal today roes to 14 per cent The discount on Canadian funds In New lork was 12 Va per cent HATtniDAY'S FINAI, QUOTATIONS Eterllrur Franca Lire Oulldora Demand .... 0.724 6.08 0.45 32.70 Cable! 3 TW 0.10 3.47 82.80 TODAY'S OPKNINO QUOTATIONS Demand Cables . Sterling Franca . 3.7S4 O.Ifl . 8.74V. 0.10 Lire Uulldtra 3.45 82.75 8.454 82. M0 don, 60fr 70oi 6 per cent loan, BBrr ZOaii .The dqllar was quoted at Iflfr ,21c New Directors In Seaboard Steel Important changes In the directors of tho Penn Seaboard Hteel Co, have been made. William P. llarba succeeds Hod ney Thayer aa chairman of the board. Three new members have been added. Including William A. Iiw, president of the First National Ilank; John H. Ma son, president of the Commercial Trust Co.. and A. P. Hloun, Jr., vice president of the General Motors Corporation. Wal ter Janney. H. F. Hanseli. Jr., Howard Graham. II. D. Olbson and U I Dun ham, former directors, have retired. Raw Sugar Market Steady ew York, Jan. 17. -The raw sugar market continues quiet but steady on the basis of 4 Ho, cost and freight, for Cubaa, equal to 6,62c, duty paid. There were no sales reported on Saturday Im portations were extremely light, consist- Ma rch May July ., September . . . . UIU. Previous cloan S.87 . . fl.HO .. .... 7.20 . ... 7 37 . Open I!. 24 U 23 H.flH 7.00. 7.46. LIVESTOCK QUOTATIONS Chleuio. Jan. 17. IIOQS Ketlmated re. oelpta, BK.Oon head, left over. 1511.1 head. Flmt enli' about atrady with Saturday's average: 10.1)0 paid for llifht butchers. Quu. Ity (rood. CATTLE Estimated reoelpta. 29,000 head. SHEKH Estimated receipts, 27.000 head. l'lttsburah, 'i.. Jan. 17. CATTUSIte celpte, 1S0O heml. HtfUlly. Hter. 11 11.5111 helfera. $HM0.50i rowa 104fs, Calvei. receipts 650 head. Steady. Top, 113.60. IIOOH ItecelntH. 7500 luwtd. lilesdv. Hiavln.,l.76R10- hvy and llaht yorlcsfa and plan. $10. 50 10.75 SHKEP AND I.AMI1H Ttecelpti, 0000 nwu, mnauy. lup sn lii.ou lower Top aheep, 6.40j top lambs, BANK CLEARINGS Ing of 2000 baga. Surlnlms consigned to ri"0,r:Jr,8(fiyl':.t?',r;v cv0.m?r,1 "'' r Ihe trade. The local refined; market la 1 r,pond,n" CM two USJ 1010 m,Pia,W8, 7T,59BW3i 561,802,011 ' unchanged. MONEY-LENDING RATES I'Hli.ADKI.l'HIA Call, 6 nor cent; time. 6 per cent ; commercial paper, thrco to bIx months, 6 por cent. (Note These are merely nominal quotations, na the legal rate of Interest In tho state of Pennsylvania Is fixed at 0 per cent. Plus premiums nnd com missions, tlmo money for thirty to ninety dnys. Is loaned at 8 to 8Vi per cent, while commercial paper from three to six months lu being offered at 8 to 8 Vi per cent) r Reserve Banks' Discount Rates .r?ifflni!Llaif0!,Bt rat" at ,he tK'Ue Fed eral Itesrv banka are as follows 1 Trea!. I.lh. Com'l llkm. etf. Bonds. Paper. Accept. 7 7 n 54 H n 54 II notion gu m New York .... 54 0 Philadelphia ...til 5U Cleveland tn r,; Illchmond til Atlanta H r,u ChlcaKo ta n St. Ixiula nu 51' MInnnpolla ... 54 t Kansas City ..t 11 Dallaa id n'i ..t, ,,u '' cent ce cured by eutes. ... '""V rale .correspbnds with Interest r"" :-:. .v""'"' cob or i'nuinfi nA nullaa nr1 C V.v.T.nd-hrchmon'd. tTfileTK nd S.nC F?an! per cent on paner secured by 54 per rtljeatea. and 5 ter cent on paper w iy 44 per cent and 8 per cent, cerllfl- lI..?2rr!,p6n?,l with Intereit ertlncatss niedv..a n..: 'UhP i'..B Pr ,Sn 'a th W'i Atlanta, Kansaa City rwis, BAR SILVER Bar silver was d iower n the !. don market today ttt 38-a, F iljsZrlY Qi 4iim4 LimiJ -" "4 fl West Philadelphia Office THE foundation of the financial structure of any Country must be the savings of its people. We are, therefore, glad to place our Savings Fund Department at the disposal of those who try to save their money. The small account which starts at $5 and grows steadily is performing the same kind of useful service to the community that the larger de posit does. Fidelity Trust Company t sasr 325 Chestnut St. 51mmKx 6324 Woodland Ave. lit aa.E!BBBi vx vrr nt it t s . oTmBB JCl wcst nuaaeipiila U.I 1431 Chestnut St. Capital $5,200,000 Funds held in Trust more than $246,000,000 fflgWSSjr Surplus $16,000,000 3DZy National Thrift Webk "MAKE YOUR MONEY MEAN MORE" Thrift Day "Save, young man. and become respectable ; it's the quickest and surest way." Benjamin Franklin. Let us all observe the birthday of this international character by acting upon his advice. Call, Write or Telephone Spruce 1480 Commercial Trust Company Member of Federal Reserve System City Hall Square Weat NEW ISSUE We Offer for Sale U. S. Treasury Certificates 5V2 due April 15, 1921 5-due October 15, 1921 Price 1 OP and Accrued Interest Telephone Spruce 1 480 Commercial Trust Company Member Federal Reserve System City Hall Square, West 1 -ll J cu 9 i.ViV f 'I ' V? -- H At, jlZeVy ,,, ...('"W
Significant historical Pennsylvania newspapers