"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