EV ' I 4 'ltffWrk't ' vijjfr-ip., - x--' -tv ii .. jvjos't'ss -ii xrn K ..wff). ..V ' .L ' .-. S'" .,- T, '- - ,,, HV-j. ,' " s!W m ' 20 EVENING PUBLIC LEDGER PHILADELPHIA, TUESDAY, JANUARY 25, 1921 r M Investor's Annual Guide Wo have had prepared a booklet and guide for the In vetor, which covert prices and a statistical description of active railroad, induitriat and mining stocks on all the leading exchanges. Price changes for the year 1920, with high and low figures for 20 years, are given. Atk for a Free Copy BOUREAU & EVANS , 8rmtrr. Phltailelnhla Htnrk Kxchanot 130 South 15th St Philad.lphU terutt S1SJ J?re J.1C Wast PhiU. Office, 7 S. 52d Sire i Wm, R. White. Manager ! Phone: Belmont tit I AN1NGLESS SAMEME DRIFT IN STOCKS Further Advflnce in Europoan Exchange Now Top for Sterling Province of Ontario 6c;c Gold Bonds Due Nov. 15, 1927 1'rlnclpul nnd Intrrr.t puyiitjli In Ncmt urk Ontario is the wealthiest nnd most densely popu lated province in the Pi minion of Canada. More than one-half ot Cana la's manufactured pr ducts are produced by Ontario. Price 91.54 and interest Yielding Th (Pmfnt In tnltml Hut.- rundal Write for Circular P-125 Wood,Gundy & Co. 11 Wall Street, New York Toronto Wlmlttpff tendon, Kne Muntrr it Studebaker Amer. Can Penn Seaboard B. R. T. Keystone Tire This group of stocks offers excellent speculative oppor tunities) and important de velopments are pending in each one. We will provide information on any one or all of them upon request by mail, telephone or personal calls at our office. SMITH, REDPATH & CO. Mrnilr PMIu. tnik Ittrhunrt 1524 Walnut St. riiii..i)i:i.riu rltonr: Spruce OHHu New Yoik, .Inn, M. No more im- lniiliuirc win to be iilt.u licil to pne' viuintionx in tiitln) ' stool ninrkot tlisi.i ttint of tlic in filing m' loiii. It u viitnnlh ii fontimiiitinu of the same Ii rrKiiiar.tv nnd ipreiniizniK ( the t. ml iiiK. Alter mi irii'sn ur npi'iiing strvnt i ilev nped in ni'iittr. nig pint. of tile lit wlileli wm I". lowed liy tlif fnlinlini iniililiiy (ImIIih'ss mnl siikkIuk tfiulfiif.x in Hie uftfriiimu. Oiii'e more the more lnti'rt"tlni de ve upini'iits on in red out.ildc of the nnir kit rutlicr tliini it It i ii it.'e.f. There win iinutlier iiettve ilu.x in fore'gn ex ehniiKe. the London di'tnnnil rati" rWtm to the highest nonit le.icheil fur tile In-t nix moiitlw. The majority ate still at lo-s to satixfactonlj cilniti the motive of the ri-tinirk.ih e leouvor. lieiniiv of the inaiir iippo-.e iIimiim's." While frirn a xentiiiieiHiil Men point it wiih cheer inn M't mni kctwi-o was virtually Ig nored. I'i .1 general -ense, however, the maiket ha iraehed jn -t mi h a position us the result of the eoiillieting opera- milium tin. prolesiona's in wliieli nut--iile ilfVi'iojnnints een ise little In lliienee. .No hotter illustrations eoulil le fii-iilslied than the ignoring of tin in'ino-ilb e statenients of the larger ill- ItMii.il eon 'erns now becoming piib'ie pin-i tj. Not 'iing ago any of tliese 'ii'iilenis sepa ate'y or eolle'tiveiy woiiM have been a si n.il for a general tis'miglit on the p.ut of the bear eon tmgent A similar denf ear. however, is turned toward real good news. This. howee-. Ia hi en the epeii'iee for -nine lltt'e 'mi- up iKevvis to eontirm the eom'i'ete iloiuinntioti of the profe-nnals. Neither f the e"titet!iig fin 1 1 of tills element Miiee nun h lotitldeiii, in their position. . ml eon-eipiently their ventures n-e liin- .ted anil nude wit'i n ir fed sales, wliieh. in a measuie, expla'n- the day-lo-d v ineanln-ess tlui tuations. (loveninr Mil'er's message on the triii t Ion nitwit mi. w'th the propnsltlim to iinifv the i ity's transit tems on nil ndniiiinte fare basis, made the trict'on gro.ip the outstanding feat'r-s of the uneertain o.ienina. The group ga'ned fr en 1 to 1 Hints. but tli initil! elintigi s el-' where were unirnportaiit. Wi i'.i t1 trui timis fni'ed to eti nil their earlj mhaiiee. tie general list, or at least the p eul'itne iiio, made -lib-tr.ntinl ra"les during the morning. Ail vuuees of 1 to '.', points in Ileth'ohem. i'"fii'e, I.i Biwiinni. Uepiiblie and Vanadium Stee s were eff.eted nt the I'Npers. of t'ie hcirtv. hut the movement ii Tinted States Steel was extrenie'y nnr-ow. Iteais were also forced to e-m-r in Il.i'dwiti Liieniuotive. Ameibnn In ternatmn.il. Atl.iutu (!ii'f, .Mexican I'etrolenm, Int inatinal IMp'-r nnd ieiieral Aspha't. whiih gained l to 'J1., points. Kxpres, simris. notably Ve!l I'nrgo. were hen.v. lta N, ine.iiding o.i.ers, were dull and in lined ko c.ie. s LOCAL TRAD1XG rrjQ PTri?i?Ti'rTnBVi " i- a ia.a. uiiui iyiix St. Louis Bridge Co. 2d Preferred Stock Guaranteed by Terminal R. R. Assn. of St. Louis Price to vield ro a aac u,UV Free of Normal Federal Income Tax Moore, Leonard & Lynch CCH!A 'rwiMM. Mr Fl',n,l It prirtf'nt li:0 Walnut Street llr --I ;'i P.i:?-": rlt n Ho'el r . . New Tork VhllTj IpMi I'ltta. burifh St -ck Kxohangea T ETTERS OF CREDIT TTRAVELERS' 1 CHECKS TIIK cononieme .ind safe ly ot this method of r.ir rjint; funds when trnxcl ing can on.v be appreciated by thos- who hae used them. Thev are rea'K an ahso lite nrct'ssit. Wv is.s"e them Kood in every country of the world. Real EstateTrust Co. Broad and Chestnut Sts. Unusually Heavy Bond Busi ness Bcinp Done Over the Counter NEW YORK STOCK EXCHANGE TRANSACTIONS PHILA. JACK O'BRIEN'S HEALTH SYSTEM I lilt III sIM .ss Ml N Flesh Reduo'ng : Body Building IIOM.M. II M-lll I llMs (I ssl s j.Aii:ir mmm"! ims in mi' mud n M.lll' ,,' 'Id' l."MI'N Mil mt ic H. K. (lilt IUII ,1 (IIIsimt I'll'! A Trrrtlnirn's 'l llivrs M i in v yi SM. H.ii.i:n c. h. rirriiv ailer & Stevenson ID ANI' 'rTVtT HTM BONDS Tax Frjf, Yieldlnc 4a to 8 More interest -vis manifested in tin '' tllenin'tlB eln-'ion of the ogee's of the 'null evclin'ige bv tee trider- than 'i the mn-!;ct i'-e'f. There was evi lentlv a geti'ra! ine'ination rn all -ide ' to mii'k time. Such a im'i'v was nut! . nnatiiral in view of the onllii fng n.i "incut of t'ie other nrni' ioiil iinr Lets, ine'udlng the i oiiimnditi a Well i- the seiMiritv i'- linugi s. The facts of the in-" are thnt wifn - i" n'uti'in vii tua'lv sti'l tabooed, tno-t f the larger hnusi-. are i mi' entrating attention and efforts in the b 1 bu-i- i"-. As po'nted out in tin- 10 iimn oterda.v . there i an inonumis ine"- i r -r biisit,e-s do no dniiy in an the iding hoiies. '1'he dnil turn over : iiuun of the individual Ii ins -eaches 1"r a in. I ion dollars in bond values. I'I. en aginn, man of the old l,ne bond . sues i Kuril a greater income than ..ii of the lommoii Mih ks and li.ive i im h less risk. For n.nst mrt the trading in the " al shaies is therciore ne i ssanlv of . ier?ii.i. i.ij e.nirait.r. At a mutter t.i t. a ling., portion ot toe ilea mgs I i r:i odd lots. These pureliune', o.uewr, are high.y sij..miieint in that .ice tuiMiig orders. wfTil- iiidividua.ly ii .ill in i ne aggregate, naih eoiiiijfr i'Ii proportions. The importance of '"' 'Hi rs is bused upon the fuet that the slowly but s i udily i lean up the floating lipid nnd inevi'tablj make a sl.oitnge whenever un uetive demand de pS. The price variiitions todaj, like lnnnt f the r . eiit trading dais, wure ion- lined to the sunn est fruitions. The n, e.ci p ion 'iu- F.ertnc Storage Ilift'r. -iln h in sales ,,f less than im, -nares I .id a rui.ge of about a point. in a .tiers it w.i, a mutters of 'ss llil 'in Philadelphia Stocks 1 1.'. N t H'Kh !.o i p in c Hi 'i Am ?tr PP.. -llil. Hi' .-f .vH sl ( I'lli-i.ll .'Hi's 'I'i's .'('i'-f s Hi Pie. Stor ps,' . P7 't !s,i')n.i .' Hun Ai IS T p-'f Ti'j I'M , uii: l; "' I I'o N A ri i -"' ' t 7 -r- ''i lull I.a,.e Sun ! 'I !l 4. I , L'i" I . V-il ,V.", .".", .V''i 1'. l'H.t .rfo'k .1 w.-st . in i", Khi-'s inu't;. . TV' Fu It It II i, 411 . n .. ir, im i.i i: I-- j-j', l'1, '"jis . "i do pref 'J7". U7' . '.'71 .-- K 1J l"ia II T 17', 177, I77; i; 7nii Tom. !!. I 1"', 1 1 -f 1" I n Tun .".'l ', .'ill'1, .".in. i ill r i; i. :u :j-j :(j .. L'J Westinl'd '"o.'il 7." 7." 7." N.i it.nnji- rr. i I " minr!,.n l'h lant .i. . i,i N. a V ,r. s n k Kx. h irirf. s i s ii 111) Mis ' -. V .( i ." . II .11, l.i, w I III i tlkf 1 Ii. 'I Ti 7s HC", lir.'i, lilji, . 1 Kit e. 1'eo 'iv is. : .-,.- rc, r,5 Vj '' I.eh.gb Vul g. n Is . 71 '.J 71 .j 71'.. -'' . 1 Lib I'.i.ihIs Jd l'- . ss llli ss HI', vs (Hl. .'(1 l :;.i is' , . !i' mi 'M no 'it on i .:;ii si'.', lib l',s Ss..",S SS ,-s, C,s, - Of, 1 '). 1 i,- H7 "in 't7 'ii ''7 ".'i .IIJ It. .id g g l M', M', Mi,.f.l 1 Si,,.,. . v ,ii.p ' Iron Us. i''.j ! i !is,lj-f. l4 money-lending rates I i: Mlllli Mm on ell both (0,,j, h of i oll.it. nil, opined todiiv at 7 prl eilll for Ii lid llil and r lit vv.ng. I'lllI tlil'.ll'llll- Call, G pr cent: time fi r e lit . co"im, rei i jiapi r. t ir e to nx in ui'Ih, ii pur cent. (V.ie -- VI .ir. in. rely nominal ,u . iMoiii. as tin I gil rit" or i"terest n th, M'e u' 1111 ili.ini.i h fix d lit i) p. r i ' nt 1 us im i inis and i-ijinrn n ions, time Ir.ono f r thirty to n n.-n ilnyn. In loanrd at S to 84 p. r cent, while commercml paper from three to nix month la belntr offered at 8 to 8',i per cent.) (i st.ilrn ton ton .too 2,sf)n AOO .110 m 19)1) toi inn I no ion o-o t o i iio i mi no .11 n in im 103 i.ui tio 1400 .500 .10 101 :oi 100 noo 100 100 100 NOO tnn 100 loo MO ioo too 4 mo j in :.)in J10 17 I'I mo ton no 400 S.i m mo 4.1MI inn tnn Oi'O inn tnn itnn inn sin inn tnn R7nn 2.S11 iio lmi rnn 101 .100 non l.nn inn ann ion ion loon inn inn 310 inn 400 5400 lsno inn .no inn ion 1.110 oon noo R010 700 ion ino ioo avi ooo hm 401 ino too ioo 7nn 500 17111 100 4f,00 inn .100 ion too mo ton 101 1700 tioio .im too i00 Dlv. In t 4 7 .1 7 10 .1 M l'i 1. 0 7 4 0 A 0 10 7 4 ..30 .1 il 1..10 lllth Adviuieo Humcly .... 19 A lax Rubber 37 AlnfUa Juneau ( M.. 1'. Allied C'hem A: Djo... 2' A'l s.t'halmprg .1 Am Aerie Chem HVi Am Aixrlo Chcm pf.. 7,1 Am ran 20 'A Am Can pf HG?i Am Car & Fdy IMJi Am Cars Fdy pf ....11? Am Cotton Oil 31 K Am Mruc Sin 7 Am Kxprei"i ' 121 Am Hide A Leather . . 0J4 Am Hide A U-ather pf 45 J Am leu 42 Am Intcrnnt Corp ... 40J4 Am-Ua Franco F.ntr . . 9H Am Locomotive 83 Am Itndlntor Co 89H Am Pnfpty Itasor .... HJJ Am Shit, & Com HH Am Smlt fi nef .... 37 Am Smplt & Itef pf.. 8t Am Steel Foundries.. 30'4 Am Rugnr II -f 03 Am Suirntra Tob .... 79 Am Tel & Cable M Am Tel ft Tel on?l Am Tobacco 117H Am Tobicco D 114? Am Tobnc'o pf new .. 91 Am Woolen tr.?t Anaconda Copper ... 8S Afio Iry Oood 21 fi Asro Dry Coodn tat uf 1J Atch Top & Santa Ko H3 Alch Top S S P if 70H Atlas Tack Corp IS', A'l Guf & W I S S.. 0f Auto Sales Corp .... 4'i llaldivln Locomotive.. rn$ Ua'dwln I)co pf ,...102'4 Unit A Ohio as Rnltlmnre & Ohio pf . . Sl? Uarnsdale ClnsH n ... 2S It it..M.,i1 Momrrt ... 4 lletlilehem Steel 83 IlithJehem Steel B .. id Hooth F sherles 4'j lliklvn P.npld Transit 14'5 Hrkhn n t ctffl of dop 10 IlurnH Mros CO Hutte Copper & Zinc . .1 Hii'te & Superior Cop 13 Uutterlclt 17'2 '".Tldo Central O . It 17 Callforn a rnrklnir . 2?( Cnllfornl.i Ptrolcum. 311'i California Petrol pf. . 70 Cal 7lre & I.eail .... " Canadian Pacific ....lll"'i Central Leather 40JJ C ntral leather pf .. 92j Crro de Pico Cop . , 31 Chmd'er Motors .... m'i Chesnr.ike & Ohio... 89'j C'i'rnco & Ot Went .. HH Chicago & Ot Went pf 9 C 1-ago Mil & St P.. '-"' Ch cago Northwestern .7Ti nil it t & Pac ."?; fin it I A Pac ot pf r.r j Chi It I & Pac 7ri pf 71 Cllle Copper 12'i C'lno Copper 2'i'4 CI. v C'n Chi & St L . 4.1 fnco-Cnla 21'j Colorado Fuel & Iron 21 Crl ft Southern 33 Co'umh Oas & F.lec. r.l'j Col O'-phophone . Cnmti Tab IteeordH C ns',l dated On . Consolidated Textile 1'5 Cfintlnent.il Can pf... 9.1'J Continental Candy Corn Products Itef. Cosden & Co CruclMe Steel Cuban Amer Sugar... Denver & Rio Ornnde ! d It l.i 1 pf. .. ir.k Horn Coal i:ntleott-Johnon .... Trie F.r'o 1st pf Famous Davers L Ffdrr-il Mln & Smelt Fediral Mln & Smlt pf 27 Flak Rubber I !-i Freeport Texas IK Canton Wms & Wlir . . 4 M Oelicral Asphalt c5Ja Oeneral Klectrlo 3 11T5 3S 7n 4 7l'4 17a 20J,i l'j 2',4 17 r,i MIS 20 !i rn S'S Central Motors H ? 7 Oreat VAfthern pf . . . 70 . Or en Tananen cop. . . 23 . Oulf Mobile & Nor pf 24 4 lta-ke'.l & Darker Car .'.',i . . Ilomcstake Mlnlns . . . Sn . Houston Oil 731.4 1 Hupi Motor Car 12JJ Int.rb Con Corp .Vi . . Intern Con Corp pf... HI . . Int Mer Marine I4VS lntfrn.it Motortr 'Ck . 3.1 . International Nickel.. 15 19 37 t'4 rn 34I.S 54(4 7.1 2SH Hn;i 121J4 112 21H un 129 m 42 45', 9Ji 83 BOH 8H 11H 37 HO 3'IS 03 78'4 f.1 ORH 1I7H IH'S 01 JC4 37 H 2'j rX 82 K 7H IS'i 1.8 V i'i SR?i 10? 3'4 M H 21 3Ji 2 SJ'j 'i 14 "4 0!i 00 .1 13 174 l?4 f2H 3.1 H 7C n", 114'- 3!i-"3 l)2-i 3t 09 fiO'S 8!S is?; .7", I7'j 21' '4 CTj 74 UTi 22'4 4,1 2IV4 20 32 II ltji 3S 78 H m'-j 70', 29; 04J-J 29 1!S 2'4 17 0JJ M' 10? 8& 27' HVi 17W 4 'A r,2 120 14 ?b 7r. 22 V, 24 A.US 0 73', 12H If 4 15 '.-4 HVi 31 15 Net Clme. 1.S0 I .nil HI 37 IV- Vt 51 H 35 5t'4 .. 7A - U 2914 80T4- H 14 1 i'a 1 12t- 11? 2IW 7 129 -9M 44 - 40J4 Ut 83 -09H- 11H- 30H 0 - 30' 93 9iJi 117H IM'j 01 - fi!4- 37H 24 JJ- 58 94 1H'1 - 1 H V 3 '4 C9?i l'4 4J5 l!-j 003 2!4 1CJI4 34 V - 51H- 1 tttlr. J. 3 50H H 4'J- 4 '' 1- 0 00 A 1.1 17' j tr.14 r.2;j 35H 70 n ',4 -11.1 - 3T4 -2F- .11 - 1)0 -59', HVi 19 28 - r.7's- 2'?', P3j 71 11 "3 22 U 4.1 - 2.V4- 29 32 i;i4 154 r 3S 7 -10'S-95 H 4 lo yi- 30 V4 - ooh 29 - !4 2'4 17 - CI MJSt- 10T5 58H 814- 27'4- n vs y 17 H- '2 4'4 . r.5f4 3T1 liO - '4 UH 70 - 1,4 23 - H 24 .. 55JS . . 5(1 73 ''4- ?J J2?;- '4 53, y, 1.7 '4 .. 5S .. 31 15 - is '4 V 1 V !'4 '4 V "Vi V H ?4 A 1 '4 "h V v,i Yi U V2 14 V v v v '4 ?4 V 1 Fa Snlrs 200 lun 100 3011 500 ino 100 330 100 100 100 30) too 100 300 1500 400 200 100 100 400 200 200 100 3JO0O 100 200 1700 10110 100 100 300 2 1)0 rna 100 100 100 400 inoo 309 3)0 200 800 400 10J 200 293 200 300 200 200 70)0 100 1010 90.10 100 mo 200 103 400 100 100 1033 2.10 101.0 101 1)0 1500 1501 813 20)9 500 103 31110 501!) 5001 100 500 200 2.10 2500 100 233 7.10J 1000 2000 100 IOO 100 810 109 110)0 100 80)0 40 10 3700 300 1090 1,00 800 701 900 300 2000 3500 109 5900 10.1 4700 900 200 100 100.1 301 201 Mil 211)0 101 100 103 Dlv. In t 4 4 8 2 0 2 3.50 2 12 2 1.00 1.00 2 3.50 1 n 7 7 40 2 8 H80 Net Int Ohio, V V, ii "l4 '4 F. Ii 124 TJ 1- 4f4 I4'4 . 17 - 47Fj 17', 3o;i ' 07 4IH l!i- 31 - 17H- 8 n 1 8 7 8 8 4 1 4 2 0 0.30 1 8 74 0 10 12 3 8 8 8 A 7 n 4 1 r, i:-d ltlch Ixixv International Paner . . I8I4 58 6ft Inspiration Con Cop.. 3J4 31 3Ti Invincible Oil Corp ... 23J4 23J4 3J&- I Island Oil 4H 4' 4H .. Jonrs Pros Tea 2nJS 20 20 Kan City Southern... 20 20 20 F4 Knnsns City So pf . . .. 4515 45& 45'S .. Kelly-SPR- T 47 H 7 47 Kclly-Spff T 8 pf... 03 92 P3 1 Kcnnecott Copper .... 20 20 20 14 Keystone T &. It 11H "54 H- H Lackawanna Steel . . . f. 4 S3 S3 Lake Hrle A West.. 28 28 28 ?'4 Lee Rubber Tire 20 20 30 - V Lehigh Valley 52 6? 6? Loewo Co 104 HH4 MW- IS Loose-Wiles Hlseult.. 38S 37-M 38 Loft Corp II y 11J U!S V Lorrlllord Tob 110 140 140 -1 Mnlllnrnn & Co pf... IH 58 58 IS Manhattan F.lcv guar. 67J4 MM 7JS 1 J4 Maxwell Motor d 0 0 V Marllnl'arry 17J4 17 17-1 Math Alkali 20 20 20 Mixlcan I'etrolium...l54'4 '1 OFi 15?'S- J4 Miami Copper 18H 18M 18K J4 Middle Stntcs Corp... 13 12J, 13 Middle Sat s rts.... $ H Vx .. Mldvnlo Steel & Ord.. 31 31 31 Minn &. St L new ... 12 1? 12 Mo Kansas & Texas.. 2J ?H 2J M ssourl Piclflo 18JJ 18'4 18! Missouri Pnclflc pf... 30 3SJS 39 Montgomery Ward .. 17'4 17'4 17'4- Natlonnl Acme ...... O t 254 National Biscuit ....107 107 107 - National Con A Cable 4 'A 4'A 4i4 Nev Con Copper 11 'A 11& 11 'A New York N II & It 20 X 20 'A 20 y2 New York Ont & W.. 18Ft 1 18 - New York Central.... lift 72 72 Norfolk & WeMern...l00V4 lnolS 100JS- Northcrn Pnclfc .... b.ltf 83' 83'4 Okla Prod & Itef.... 34 3'2 3V4- orpnutm circuit. .... un ! 37H Otis Kl.vatod ....... lil 124J4 OtlH Steel 14H J'A Pacltlo novel Corp ... 17 17 Pacific Oas & Hleo ... 47J4 47H Pnc'llu Mall 17'A 17'A Pacific Oil Co wl .... 30K 30; Pan-Amer Petrol 14 Y, 73 Pan-American B .... 67 67 PcniiRlvnnla U R ... 41H 41 15 Penn Seaboard Steel . 1fi4 MJ-J Peoples t!as Chicago 35 31 1'crc Muniuette 17 17 Phill ps lones Co pf . .73 73 738 Phillips Pet 27 J 273 27JJ- Pltrce-Arrow Motor .. 25"4 2S 254- Plcrco Oil IOJ4 10 J4 104 .. Pierce Oil pf 7c'a T.V 7ll'4 .. Pitts Coal C2I4 01'A 01 Pond Creek Coal . . . Ii 14 14 - Pressed Steel Car. ... 04 113 03 - Pressed Steel Car pf..l03S 103J4 103JJ Pudman 107 107 107 - Punta Aleere Sugar.. 48J4 47 47- Puro Ol 3.1 3194 34 - Itr.y Con Copper .... M'a 12 M'-'4 Reading 84 83 83 R nilltiK 1st pf 4034 40 40- Rcplo Steel 34 34 34 Rtpubl'o Iron & Steel B0J4 65 65 Republlc Motortruck. . 21'A 2? 23 Royal rutch N Y.... 04 M C3'A f3'A- St Jos ph Lead 12'A 12'A 12'A St Ixiuls San Fran ... 21 21'a a 1 li st Louis Southwest.. 20'4 20 2n Saxon Motor 4 4 4- Sears-Roehuck 93 01 02'4 Seneca Cop Corp .... IS 18 18 - Shell Transport .... 41 41JJ 413,- Slnclnlr Oil 23 ' 22 22- Souihern Pncinc .... 07H 07 97 H Southern Pacific rts.. 21 21 21 Southcrn Rail 22 224 Vl Southern Rail pf .... 58 58 68- Stand Oil of N J pf. .100 1C9 109 Stewart Warner Sp.. 35 35 35- Stromberg Curb .... 3S 38 38 Studebaker 8 50 66 - Submar IJoat Corp ... 8 8 8- Texas Co 43 42 4JH- Texas & Pac C & O .. 34 M 33 13 'A - Third Avenue 18 Ji 17 1834 Tobacco Products ... 56 55 55- Transeontlncntal OIL . 10 10 loo Union Oil 22 22 "tl Union Pacific 119 119 119 - Unltid Fruit 10SJ4 105 105 Unltid Retail Stores.. 50 s.ljj 5 U S UIPS Fdy ... 1334 U' 1334 U S Ind Alcohol .... 17JJ 67 67- U S Rubber 60 073; 83S U S Rubber 1st pf..,103 103 103 - U S Steel h?'4 8U4 8?', USSte.Ipf 110J5 11034 H03i- Utnh Ccpper U e& r.x Vanadium corn 384 36 38'A 1 Vlvadon Inc T 7M 7M- Wabash pf A 20 30 20 .. Wells-Fargo Kxpress. C3 61 61- 2 Wistlnghou.se K & M 15 46 45 Wheeling & L B pf ..17 17 17-1 White Motor 39 39 39 White Ol Corp 1434 14 14- 34 IVIIly.s-Overland .... 8 b a ia iison , uo pr my2 87V5 87 Worlhlngton l'umti . . 4u 40 40 idilU !- Vt H 34 V H H l'A 2 'A V 34 'A H A DROP IN CRUDE OIL REFLECTEDON CURB Loading Potroloum Stocks Un der Pressure Mining Group Again Active Xpw Yorli, .Tnn. 2.". Tlip Ipndlng petroleum stncltH on the Ilrond Htreet C'lrh were undpr pressure todnv nnd genernlly showed some Amount nf loss, retlertlng n benrlsh upntlment thnt hn" been created by the further rediirtlnnt In (lip p'lce of crude ol' in the vnrlniti. fie'd'. In some rnsps, these reductions now amount to around $1 n bnrrel. International Petroleum s trndid In on n lnrge scn'e, with mnst of the simple coming from Cniindn, nnd rnngpil ft om Hl'ii, to liW There were offcrlnss of Standard Oil of Ind'nnll, new stilek. nt small cnnccsslnni. Mnny of tbc low nrlcod independent oils showed frn- flntinl ileelltmu ntitl nn tifnelr In tilts grout) made Improvement during the dnv. I Inter-Cnntlncntnl Iltibhrr continued Its upward movement, spiling nt 12'i and wns the most prominent feature In the Industrial group. The accumulation In Cnr Light continued. Sales of Inter- nntionnl Trade Mnrk were mndc nt It1:v, to (iVt, SweetR Co. wns un changed. The mining stocks were ngnln nctive. with n number of Issues showing n strong tone. ltntnn -Montana nnd Eureka CrncfiiR were the Ipnders in till" group nnd mode substantial ndvances on large dealings. 1NUU8TKLI.H ' " ' llHlilllltoTm- Arme Coal I r I.lk'ht Li.lumliiu lTaneralil ... HiilneH KiiliiuiK "A" iiiilncH Kn.tmiK "ii" liu, lies KnlilitiK pref . ii.'.it lluniier Uurutit .Motor i.uiinre i tc ri me,' Trade .Murk ... l'erlectlun lite mono urn nuaio Lum i ret Suetls Cu U H bhlp Curp U S Mvam United 1'rulli HharliiK Itluli .. 1 .. US . .. a ... in', .. lu , ., I'7 .. 1'Jli .. lft4 .. 1VH .. UlVi 9. i ii. Low T4 15U 1.1 07 US 1514 IU UJH -". js, lh is V, Commodity Markets COTTON MARKET New Yorlt, .Tan. L'.". The mtton VETO RATE PROPOSAL Representatives of New England Railroads Fall to Reach Agreement Miislilnirton .Tan 25 I'r.H'd.ntH o eleen New KrcMnd nnd trunk Hi" -illro-'ds intcreharflnB frelpht at Hud son RImt cross' net" ndlournul ti ' en-'-'ene- todnv without renchlnc ai ,'1(f.,m.nt a- to a redlvlslon of ri. thr. wl wrle'i the Income of the e rncl.ind carriers would have hem in .... a Chairman Clark o the ZVu' I 'ie udverM' reports frm Manchester nn"ii'io ' ......I.."- - ----- . . . i , i , . i.i h" conference was informed or ine nm- .i uiiiir iwim one .mi.- uiui noiu FOREIGN EXCHANGE New York. Jan 25 At the very end yfHterdnv the for iL'n exchange murk,. soared to li'ither quutatlonH brlnRliiB linieiicuiiy an iiasaeH to now liiKh rec- otton I orila for the mo v. ment. A renetlonnrv n, i.t.nl ,.r,..,n.l ...ln. ... .. ,Ull.. ..t 1'l ' 'TlOVl'llK'nt nt t tl e lltlnlnc torlnv U'na n t.i.it mi oi.i-.i. ii m.u ui , 11 it 1 1 lit' III Im i , . '. .s ........ ...... ,lv.- I,. :w ..;.,ts ti In,.;,..., , .1 C0J.a "B; ?" MrprlKlnB, eonHlderlnB ,h8 i" " i i"" " "s ,ifiu or in- pureiv spcuuitlie Iti-nnd. the del verv of 4.", 000 bales of .Tammrv out denl'mts by professional nnd a great , , . tnaH or oiiti-lde traders .ontra.ts. re..-eM..t.i.s tl". heaviest si,,., su,rlln(? roHlstu) ' t()m Kit da delivery in iimn.. jciirs. Other, enev and rose at the stnrt to a new inllueuces connected with the decline, i"t" fff " , '' " "''""y''"'" . 3 "l -w. ..... .. ,,,,,, uw-3 lui ii.-intiioi 4 ji ... .-.iis-Bi ie,ii.-iiuiiH were in lieiBtans wincn oineu ia liointa lower at 7 C", or cables and 7(!1; for checks, and .-re . reaoh an n-,rj...niHit and ,e l r-, mportcr.s of India were requestis that , Chrlstlnnla was an ' e'xceptlon m Scan Zr Vot' a , 0! ;:' 1 .Ma,.d.es,er merchants suspend ship- , decl,,B lu points to 1, 55 'i-aril .arrlers for a redlMsion of the llt- 0I, ncw bu,ilu,ss for six weeks, I s'tiirted ' In 'ft V l.ss oT 'potn.s toTs? HTAMIAUt) OILS Anclo-Amer Oil lu 19 1 30 P m. 1 '-". 1.1 14 1.1 U7 12H Uij. lUli ifc n 14 19 IMIKI'lsN'l)ENT OILS Allied Oil 13 1.1 13 nuone Oil 1H 1H iVt iiualun 'joniln 1 H 1 .urlu Hnu UVi Un VA cities burv "J" clfit -ti 'JaV .lift s.bn..ln.-ret ji rt rV Uvuny uil IHi 1 15, i. IK laiHlli l'et 7J, Vii 7Ta luileralOll i4 'In 2i Uienri.ik ull 2 L 'JVt tit l'eiiul lur l: l.".! i.Miublun l'cl a'i :iy 3n M.iiueaibu oil 1U14 luVi Ills, .i.erriu oil l'Jt. lilt. 1 .Uuaniuin i'riduciu UVi, ti n .Mi in Airier On Xtt JS 2Sn ". 4 ti h Oinur OH I!, !i "JfJ, uud lli.cu Oil i,, V, nail cict'k Hi lu 10 .slinina l'el V4 ', Mi-iiy Oil 74 l a Oil H 7Vj " Oil Texas oil i n S v Iciur.u Oil new 1 '4 tt v on j; i i. riltin V hm- ivii - . ... --.,.,. ti,,.. j i.i in inicLnl nf lli'itn. IUT L'iKIIPN Iltlrl 7 IU Ttt- nh.ii ru 1 I-. f 11 lluit's preHldent or me iioston "" i--s. e...s .u . . .... 'were 3 points lower nt 1 1 ir f,, 1 1 nd Maine, nnd 1; J I'earsor 1 pr.sldmt 00. T. South and Liverpool were oil 3 7 fi'" for checks P CULlefl ' th. New Vork N.w Hax.n and tl) heli i(l!i Other quotation, were- I ','nV'Lr caVrn,f.lrVnN,.i In spite of the heaiv Issuances of ota'XO Ml lu. (lath M'to.d the prop .sals of I pot . es, the .lail'lliry position was VIJ I 21 86; fc.i iss cal les 16 87 checks 11 ki I 'turk lints on the (rrouiid that tli.-liiKli- ,,,,, .,. ,),,. ,.,;,, wliitli iuili- guilder ctbUs iji. ch-cks 'T I sl ' 1 st off.r made would luive the earn, is ,1,,.. .1,., ..ff,., hils .ht,. I,e,ii. well k eahleu 1 1 11 ",i,.,i,. ,i.,rJ ., 1 TS ' ' '" in, ,.-, un rev nue to " 11 iue 11 1 om other soure s They 1 juld 1.01 ,rl. their wav clear to cut pern nnel or oik. i.p the deflcli In otli. r w.i ,t was d TI" lontenil.'d mat ii" r rij.uii- MINIMI Almktt llr Columbia At. mil. 1 ..lu Li'ilue iloula jiimlun it .Mtiiiiiinii, v ii.i'tloniH .M.1111.1: s-aiiuuiuua .iliniii 1 uim liulnlu irie4 6l.cr Lieeieiu AucNamura .... ..1 bdituUor i.inina alutr i.ureka crtenua r.JU'ku llohy Lulll cons sj.tl Lll'iel liolutieiil 1'lureiice 1I0.1l KewuliHi i.u.il Mlsi-r 1'igk iiu,U Zone ure.it lluail iiecla .Mlnini; Irul. lliUUKUHl junibu Lxleiintun Knux J),vliiu .Mu..un,ura .Haru .Mining Mjilier l.uUe .M,it..t.'r l.ude new .suriu hi.ir oiilnr H.Uer I'niuf Con Hex cons i.ncaentir Mines .Stui Toy Mcer Klnic Dll!e su Am 1' & O Minna, .silver loud Sueresa Mining iunopah Heimnnt lonui'ith ciiMh lluy Toiinpuli DIviiIh ronoistli Kxieiioi ronoiiAh-Jltn Jlutlcr Tiinni.ali Midway I'lmopah Mlnlnv , Tuniipari Mlzpith Toi.opah Muntunn Tonopah HoHcue Eala .... l'nlte.1 t'natern Victory West Knd Con White Caps Wllbert IIOM1S Amer Tel . lfii'S Anvr Tel Hi 1UJ4 Anii.nmla Sop 7. 19".ll.... Anirln-Amer Oil T-tti.... rmour 7s I'eth Steel. IHS.I Ilr'h Steel 7s ll'i'.l .... Cnn Nnt Hwv 7s i'errfc de I'npeo Ks Cons Ons s Galena Slirtmt 7s 1)1 nnd Trunk 'IHs Ilelnii Cn 7p Inter H.iv Tr 7s .t.irrls Co Tlii I'm-Amer IV t 7 sinelnlr 74 s Si.Imiv Ms touthiM'Hi Ilel 7s S O nf Cllf 7s sl (I of V V 7s. 1129 ' nt N V 7s 11)31 f!lft Co 7b , .n 1 0 7 1A 3 70 IU 1. 07 H 3A 4v; .A is N 31 34 I r, 3 u H i ,7G l.'l 1V4 H 7 21) v 11 led for. This steuiliiieKs m .Imumi'i wus Inter i.omiiiunii ated to the whole list and, tit-the 1 nd of the hist twenty in mites, the fciii'ial maiket was about ,.tr. . llU-lt-ntlv iiiiinautd an 1 i laud i', points lift lower, but we.l up from the initial levels, LIVESTOCK QUOTATIONS ( Idr ki. Jun 23 l r n.i: - Iteitflpts I'rivutv cables f 0111 Liierpool said that the bifiik in the mnibt there was The jrreat Htrenifth o Bterllnu In New oik was chlillv resiMjna.ble i ,. 1 th.. pi.nilum of New York exchanue I" Montreal today to the low.si 1. i , , -iiic last tA'lober The premium wu., -.noted at Udtla'i ei cent. The .lis--ant of Canadian funds In New Yoni ItiO til.. 1 . .. . !. ' "' " . ... '"wesi jor Home time at 11 "j H" per cent. 1 11 nun heal, ll'ff steer,. 11. '.i in , It 11, due to riots In India nod selllllK l) .. .,",,, , , in ..-.c h.er Un 0 i"P "J :'.',, '" .ininchester. A tiM'-fam from Char- 5 .Hri.itii.u S t inai. QI'otatIi i.vs rA "ami-rfti" lv..v;..;u .;-..1;r-b"u,,i:,...tt,. m,..i ti.. i..t ..t s.,,,,1,,.,,, ,m .rs . Tiir'VT j-k "-ii- ' .11. .r enws .ilel I ' I ' f "If. I l.f , llli !h 1 esUIIUIll, opl'tUt lolls Is I llpidly III - Cullies . 3 7 7.11 ;i 71 ;,; ,,'- .... I..., I. ...... .... .!.'.! I -. . 1 'I.C.I, i .... -' ... 1-. I.M'ter . liUlk I.' I .'-I. . I .11 'I 1 J . ' .........ii I ul-i.te.id : Im.k J3 l"1i i. .-. s ..,.,, ,n,l """ fee t'TH l..e la i. n' limier ou.k ., u s llei CipiS Ol l-uiion III inn pons Idr llnilS llerv'iits 4-, lH'n .. id I.Ik t (,e (n ale I'stlllnlti'll lit fj.llllll bales. ,,H, e Piriesn cents i .".. lisle r .. h.. n..niht iri.'Sli." biles u week ayn. H.- r."r JiIrts.2rt,"Mr,nV,:Brr.',rru,!is". WO bale, a ear ..K and lT.KII bales Top un 13. lialK. l'i',,,o i''". l"c io I two M'.irs uao. IV htuh-r l-evn,iis 12 3H n.lKhl Ilecnlpt" l'.i m n eull Kllllnn c ,,,.. (ipnn p in !usse uhont stenlj l.im lop III JR ti,nUnry lililn HI .13 ill, iliifill. Pip ""', ' ''I t-u k sr I j(.r Ii" 14 1.1 14li 'l eie top. J.111.171 Ilk i 2.111.'. Ill M,l ll'is 1170 lt:.l rin. 1 13 poll "d wi "- J" .11. few tte.l- I j jj, iijii 'M 1 1 7-f u-.mnlM up to y '' k sttady. P.ist Xt. Ixin's. J n 21 -CATTI.n Hi ! Hiras 3.10H lieid S'-.rt - uw and stns.l ' I i.p s 211, bulk S72' 'I s defers l . ine mm tn stninir i"l in spots lie to JV . I 'her pood ruin, ste.oh e.mr.i - I"e t ' 1. iiir-r liu'U. t I 1 I-jI .'ml stoik-rs n,i eal calns top Jt.'.'.O li'llk llJll It'll I tpitjs llerr'pts 1 1 Hon lesd Arthe nnd - tiuilv wl'tl vesle'iln H l.eit t irs n-- Illr to 3e hluher llu.n the .neriore wl'h 1.,'tte lone and sell n T P tl" on llilit mixed . ip-.era IU HI n -'"" liuiiil l.'Jti he envies fti ".ii ink ulits end medium ,,.1k'is J''1'" ''' ' " ''Ol' tie.i.!ei, 111 2111 i llil, p.nker s ' "I.. !!. .11 tle mid Vii Kl' I'.errl'.ts .inoo T-end Arlte nnd trntiKT to 2".e lim'er i i. umlis iir'l yeirllir-s totes Blend I -' ' hh, rn li'ld Co'o'.l I., hid is un ''.Id .i' l'".1 bil. l'i in tiil.l in I II il I H-poltl't ,ieri e IliltHes. IiKKlnu III on f.lr von'llll' s I'1 '""" sn.il Top ee t.i 21. lai U tl7l'i1 tetter iiuallt and ! i.'i tiini Hi"" n "V " . 'Inn1 i.liiJ,.iFph .1,11 'J1 IP .OH Iti'c,. rts imn h'.l ":h;r ,"'''; ,ln ,'',"" ,n,k.'N ln701ill. I uht do nnd iitui tin "i ' '. iit'i-p NH I.AM'"4--llr-lnls I'llili nl. f .,', ,v T .p ' P ".'" tor. limbs 111 ,., i i":s llcelpts 121 liciid. Hlenily Tup Jin- r. .1 ii"iT"i. J .- cATTi.t: lie ,,,. "J1 , id Hi iei-' I'llhert I'-iepls, . ii . ,. d Si. i.de f i 17 "ai Mulls ll.ielets I" a ' '' I Tweli't 'He ,..,, ,, in I.' er lien tl" .''Il II. I" , ,, i il" n i ' I 2" i k. rs i.e." I i. Ice s , I Ins Jll In nu-hs K J.', f( S 311 sluiH 13 Id'HI 30 "IP PP AND I.AMJ18 llrcelpts 2400 ).psrl On, il s-nbs, ilow; olhrs leucj , prlcei unchanged. 13 o GRAIN MARKET Clilr.iKo, .lun. -" A mui'kfd fnlling ii DAYS I'l'KNINtl Ol'OTATIciVs .. . , S" line i-'ruias l,.r, (lullim Hnmund .1 sim 7 .44' 3 71'. i'i, "'"'" J M'. 1 33 .1 7(1 33 3u BANK CLEARINGS Iliiiik (learlnk's tod.i cimpirej with ror. I'hllB I. 11(21 llllll hiia iv. ni4 :i:in' j7n mi iidj us ,.,' ",, . .mton 4il h7.s mij (Is s3.(i3U 3d 773 2113 NEW YORK COFFEE MARKET New York. Jan. .r,. Mnirp nd vatice in Kin exdiaii'je on London. ,1 liielicr Santos market, smaller e Villi iK't " .." M i ' i" lH-i off was ntitul in the Inning power in ' """ """"r lavornble developments n the win nt this iiioriiin; ami the maiket was Lrnstllinii Innns prutinsltlon all tended winker. S. attired i.vettiiht hold.iius I" brum about a film npenlne in the wete liquidated. Tnnle was eompara- 1 1'"'"1 '; ffi e futuics market t 111 -a morn lively liitlit mni mixed. Sentinient was Inn rile pihes weie 111 to li'l points iiKiiinst values, us it was helicwd that 'hiitlwr ol. verj ai tire tr.idliiR. Trade the reieut iiptuin had been the icsut iutntsts covered ami then was a re nt oversold eunilit. mis ami that the iiiwnl nf outside demand In evidence. 1 1( luiir nl position hud been weakened by j Toward middai pi ii es we-" wnrklii" the active coverin. blither. Manh sidlinj; to II il'lc, Mnv t", Mai ch opened at SI 70 to 1 7H',. " 01S'T"' '"v . ' ""''. Scnteinhfr to T.s'lc aeain-t 1.71 u :if mil leMcniay. nud "'"' I'''l''',ll,"'r,t" s l""'. '"") to l.'l points n led to Sl.Wi. Mai stinted at 'v lint nl liu'iires and 2,"i to .'ID points .51. Wi to Sl.-". ii's'iiltist SI.UIV2 ' terdav's last price. Corn was easier. There was hciljtiiiu b. cash houses and Im nl opeiaioiH p'essed tin se'l'ti; -iile Tiade was inoiie ate. iiiccipis nere were iiirip. 1.... ... ir.it'i ,.,w .,,,,1 np.li'iiL M.n Illlllllllll HIS I" .,," -. ,,,0, ,,,,.,. ... ;.v sepirmU r ither points also weie hcavr. May upeiifil nt (llli to t''iti and Int r sold n't II net loss of 1jC. at llS'lic. .July started nt "O'ie to !!lTs'. 01,'iillist 70"ie t the close jesteiila) . ()ats wfie ipil't and easier. May opened at ll'lc to -II "'. e, iiuninst -ll'V(c at the end yesterduy, and Inter sold at tA4c Jul)- opened ,, higher, at 44c, and declined to 44 Vic. net hiitliei', I'hcre were sold to be private mil Ices In the trade to the ciTcct that Urai! ha I nind" furthee inhances, and thai linn iffe:s weie higher. Yes f'p Mi, Otm.ii M'irih ... it 41 "I 12 (I IK1W111 (1 sl 1i s2 7 nil Oil' 7 2HSr.il 7.4(1 7 .ISWOii 7 7s Hid. Philippine Bank Increases Capital S'rw York. Jan 21-- Th- Philippic 'atlonal Hank will Increase Ps capital 'mm 20 nnn nnn p.-sos to so non 000 peso- (from 20 000 000 to J25 000 000 Tin ank hag recelv-d 11 cable from Manila nuthorlzlnt; the increusu by both Houses, , u 1)7 V, litl in', ina'4 117 lis 110.4 im : lO'l )0"vi 117 lit'4 !lil4 72'. IIS'i HIS HI' lniu mi 1011 lo' 10T 117 iniii H 1 . 3 r.o 111 Is 4Vi 04 13 s 3 1 1A H aii i iu 21 7A 11 IN N 34 3V4 U . s 11 J'- ti 17 13 1A N 7 2o 2 r. 1 a n;i. '.in, I'I '4 HlO,l 07 lis 9il'i 101i ini'i too 1 in', tiiT-i tiil4 71 !'HT II I l.i nm, Id tic, KM", 111211 mm iH 3 ou 10 IN K 07 14 3 U) K 10 21 4U 7A 12 IN N 34 Hi U ' ? 3 II U't ii. IS 17 13 IS H 20 t'7V 110 s, IM'., lfil 07 IIS llil', HIP, KIT, ion mi' tin1, tm 72'. Hs'l IMS DP, lfll Oil Inl'j 102'. 103'. Ull', lei'-. LOCAL MINING STOCKl TON'OI'AH STOCKS nid fiish Hoy 'h .Ilnr llutler 1 tl MiuiSHmara Cresecnt .... 10 Midway 14 Mlzpsh I'.xt IIS vontann 04 North Stnr 01 IIhhi tie l'ula IN Tunnpiih i:xt II. West KlAl Ill West Tonupfth IU DIVIDI: STOCKB Al'led IllvldB Alto l)llde I'e eher I'eichsr Kxt Hen llur Ilri Uitl lllvlilo Dlilde llxt I i'i Lie Hynd HI. Me Con Dividend ''list luvlilu "ii-inlll HiiHl.roiirk lllvlde IUh DP lite l-rt I) tide "eno Dhlde " iveltu silver Klnu ' hi pun tt 'ili nnenh lla.' rouck .... Victory It vl.le ' . 1 1 li.vMw .one . . . . . .22 OOU)'"l!:i.Ii STOCKS .01 .02 .04 .12 ,28 .02 02 .1.1 .01 .02 oi 02 'il'! .02 .01 "2 Atlanta i' u Hull II. tii'i COD I'.enl, Krai tlbl. ... . rue lcerjn. k . Ill iiiii lidlleld lllue Ii Is ' 'on "ice . . . , (l.il PI il Con iloldtle'd Meruer . II' d lietelepiilnellt ir. lit lit tut Kmvann I ne Mar dro lull .01 il J 03 .01 .111 III .07 .nl "I 01 .01 I Mills s or Plrli Spearliend AtliPnro ArU r.l. I'lilleil Pdi'i Mother I. ode . V.. a In III Is ,i , " ..-.ilr Tmips Mlnlnir till.. I .uu Wiloeil 2. imi (l'i 03 MISi'llU.ANKdl'H 1 40 12 111 "I Is mi us Ask up IS 11 III ll'l 01 llil .20 l"j 12A 02 "I 01 01 ol 13 31 01 03 01 .ill .IN 03 1)1 0.1 01 ."1 03 nlA ni ni 21 oj in n.i IKIV4 li2 01 oj ol 24 .ON (hS .03 II .01 111 (Ifti. 3 mi 10 03 1 no II (T Oil III Prices Irregular on Paris Bourse I'nrls. Jan 25 Prices were IrrcKular the Hours today Three per i e enten. 59fr 40c; exchanRn on London 12fr 80c; B per cent loan, UTifr 2i)c. The dollar wan Quoted nt Ufr 78 Vic Invest now, while interest rates are high Write for List of Securities GEO.WEFTOBrCK 3itf CO I431WMWUTOT. X!Grrf PHtLADElftlnA XlPhnj.. lleil-rtp,,,,, , lUmbrrs New Yom and Plill iWluhla Stock ExcbD(t 'unnnirTT- .--TiTtillIUyjjjJ Over 8 Still Obtainable Although the yield of good bonds is gradually decreasing, it is still possible to invest in the more conservative type of mortgage obligation at prices which provide 8 and better. For an example ask for our Circular No. 7304. Bonbright & Company 437 Chettnut Street Philadelphia New York Chleno llmton Detroit SEABOARD AIRLINE A low-priced rail cross cutting rich cotton and manufacturing districts of the Southeastexcel lent tidewater terminals under management of Southern financiers dis cussion of possibilities analysis other features in Ask for a copy PE-S2 MARKET OPINION FEBNBLATT & CO. Mtmbirt ot tht PMadtlphl Stetk Exehanrt 139 South 15th St. Philadelphia ri.w.: JM1 Spric. 727 K;iI.ii-1k 110 Charles Jacket, Manager Dlrtcl Pricatt Win to R.H.Mac WASTERS &CO. iftmeri ContoUdatcd Stock Krch. ofN.Y. 82-34 Broad St. Now York XAPITALISOO SURPLUSIEARN! fuoo.oao.oa t&Sptogf SAVE trouble and expense, perhaps actual loss, through the ap pointment of an individual who may not live to carry out the provisions of your Will, by appointing the Northern Trust Company your Executor and Trustee. Forty-nine years' experi ence in the settlement and distribution of Estates and a competent, capable, cour teous corps of Officials is always at your service, and now is the time to take the steps necessary to insure the right distribution of your Estate. Let us mail you a copy of "The First Step in Making Your Will" SpacialuU la OHIO MOTOR, RUBBER AND STEEL SECURITIES COMPLETE SERVICE in All Form of lovattmant Main Department Investment, Brokerage Acceptance, Liberty Bonds Foreign Exchange) Stathtica), Ohio Securities Extensive Private Wire Connection Members of New York and Other Principal Stock Exchanges OTIS& CO. Inrettment Banker CLLVELAiND haw Tork Iloilon Dtlroti Cincinnati Columbna Tolrda Akron ToniK'ntown nenvar t ilni.! anrlnra We are interested in Caddo Central Oil & Refi. Corp. Fint ConiolIcUttd Mlf e. 6i, 19)0 Hunt'in?n Devel'm't & Gat Co. Fint Mortfife 61, 1938 Portland Ry., Lt. & Power Co. Fint Mortfg Si, 1942 Portland Ry., Lt. & Power Co. 6 Fint Prefcrrid Slock &U).torfto. UAMaUJU Jtrmtwrn Kew York end rMitvtrifMa iJtok Kxchanffti I 321 Cheitnut St., Philadelpli! GET THIS B00Ks Free! A rlnir, cnnrtp umilyiiU of Invnttnent lirlnrlplrK wrlttrn In ilmplr nnn-trch-nlrnl Innirunco U ciirercil In our new liuund tiuok, untltlfd mk fur n iopi-i'-10 Kardos 6C Burke STOCKS Si BONDS Hon. John Burke 1 Fonnlr Tr.urt rf I Su" th Uoiwd Sum f Kardo fi! Ca, L. M. Kardo, Jr. J The Kardo & Burke Review A weakly urnmary of firundil nd economic conditiorj n dlract rcUuon torouityvlu. Read by Investor and Biuin M throughout the country. Copy will be sent PHKK anyone requratlns No. 1. 1424 WalnutSt.,PhiladeJpliu New Vork Pitoburgh Chicap Brookhn Dtmt Prirate Wirt Marland Tank Line Equip. 8s Philadelphia Plan Dec, 1926-1927 100 and Int. to Yield 8 Tnwnsonrl Whelen & C Mrnibrm N. V nnd riilla. filer "-lu,n'j 505 Chestnut Street SALARIED PEO PLE GUTHRIE & McGOVERN Jlrmlirr. 1-lillj, stock I'.rlinnr H30 Honlli I'pnn 8q I'hllB. r-nriirr (11 111 Uuf, S09 New lork j. HroJdiniy Morris Brothers Co, j r.t"M'"ii imis Bondj for Inveitment ; Municipal and Corporation 1421 Chestnut Street ii TOrrniTrrffoTiTiTrTi-'TTiraDirni (eorKh Knilwuj & Power 5s, 1951 I'ennu. Wnttr & Power .Ih, 1910 t'. 0. I 8s inv Pulilic Service Corp. N. J. 7h, 1922 EOENNING.GAnRISON TOO. stock i;.rn.N(ii: in ii.rii.Mi lllrrit ITlvi.tr 'Iclrpliunr In .m lark ilrnibrm 1'lilhi, stuck i:rliunm ir, il' rssirBonriiiwstfflcrf 1 HALSEY STUART I C0, lnc , Stockwell7on & m Certified Public Account?? Und Tide Bldg., PhiladelpH ... ,if-tVAt. A I i'ltt- -' '-V-tt.,iH J.tn'-t'.j'"1, ..;
Significant historical Pennsylvania newspapers