Syj, wsr wys.rij."'!'
Vf&
EVENING PUBLIC LEkGEl PHILADELPHIA, WEDNESDAY, EEBIttJAUY 2, 1921
18
P
m
i
'A.
mr
f i it
'.? Mm
Chicago, 111.
Gold 4 Bonds
Due Serially Jan 1. It'iS-M tnrl.
Free from all Federal
Income Taxes. Legal In
vestment for Savings Banks
in New York, New Eng
land States, Illinois and
other States.
Prices to yield
5 to 5.1 5 "
The National City
Company
rhlhuJrltililH 1 131 f liftmit t.
Aliunde fllj UnlCinli- lllork
1235 Hoard... ilk
"l
H GHER CALL MONEY
DEPRESSES STOCKS
NEW YORK STOCK EXCHANGE TRANSACTIONS
Dlv.
The
Changing
Price
Trend
With possible slight re
actions at intervals, it is
likely that the broad trend
of prices for investment
securities during the pres
ent year will be upward.
Prices for standard income-bearing
securities
are now as low as they
are likely to be for years,
and believing that an ex
ceptional investment op
portunity is now present
we have prepared a Spe
cial Bulletin, making spe
cific buying suggestions
that should be of value to
anyone having funds im
mediately available for in
vestment. Write for circular PL-39.
Copy will be sent without
cost.
LTIHKLttiT.LLtlKMlJri&lSf
66 BROADWAY NEWYORK
TELEPHONES. RECTOR 4G63-4
What Is the
Rating?
Jcry day iipw securities arc t
being oiTeied in the investment
markets many high grade,
some medium trradi", ami some
doubtful quality.
How i the iiiU"tor lo know
what beeuntici he should pur
chase, iintl which one- lie '
should l eject? Simply In as
certaining the ratwy on each i
becurity offered.
W'c furnish investment ratings
on all new issues us they up- i
peur. Throughout the entire i
year our annual Rating Books '
are supplemented with bul
letins of new and revised
rating. No investor need to
remain in ignorance of the
rat.ng on any issue he holds or
contemplates puichr.ing.
UVl'p iix tmlnit; there'.'
danger in delay
Moody s Investors Service
JOHN MOODY, President
1121 Ileal Estate Trut Hldjj.
I'lilUdelnliln. I'.i.
New Virl, Ilnitoti Cliliatro
' auoavuuTi'jTaJi'-'v-'j jv-rauTiiiSoj
rr ""SlO &$ I
Equipment
Trusts
'J ho advantages of
equipment trust oblisa
tions are nutlined in
t'ic February ir-ue ci
i n-natt offerings, a
) sting nf high-grado
consen at r r invest
nrt'iit Rf'urities, worthy
ot jour consideration.
Wo shall he glad to
end you a copy.
I i ilb) i l ':i ir ulnr R ,
CASSATJ CO.
COMMERCIAL TRUST DLDG.
PHILADELPHIA
n tw von K
6AlTIM0Bt-PltT58UlOH-SAMTOM
Eight Per Cent Rato Causes
Drop, but Fails to Procipi
tato Severo Break
New York, IVu. 2. While recessions
in prices colored the niornltiK triidliiK.
thcie was no outstanding or domluuMitg
clement of cukiics.s in iit Rloup. nuil
I In general decline win nearly uniform.
Inillcnt ion4 were at hand that outside
interests, to a larger extent than usual,
were bti ltijr tllcrimltintinj(ly nnd that
public absorption, nt concessions, n
inoderatel) taking place.
Kvi'f.v lirauch of the Industrial di
vision was iiu'liided in the u.ltlltiniuil
losses registered during the morning.
Industrials and sugars, esprciallj, re
tlectcil more unfavorable trade condi
tions, nnd the same reasons were ap
plicable to the increased heaviness of
Hide nnd T.eiithur preferred and Scars
lloolnicl. Mnlnrs. tobaccos and vnrlous
specialties ilecllned one to tun ncilnls
land shippings finally jielded. Hails
were (lie only group to displav relative
I steadiness. Northern Pacific gnlnltig 1'i
points.
I'nll nionej rouewml nt fi ner rent.
utiieh was the highest renewal rate since I
' November 17. tOl-'O. Naturally, this had I
a depressing effect on prices, but failed
lo prceipkalo auy severo break. '
1 lie steels were all off. I'nitcd States
Sieel lost u half point and Crucible
! more limn two points, llnldwin dropped
a point, llelhlcheni and ltcpublic only
I suffered fractional losses.
I 'I'Jio rails wcro comparatively steady.
j The coppers, though, failed to reflect
the movement now afoot to withdraw, in
I some manner, the surplus supplj of cop
per now hanging over the market. The
1 oils were soft.
I'ureign eeliange opened irregularly. !
.-iutiiiik ias down -ftc trom yesterdni s
, high late riillj . Frillies were up 1! points,
i to 7 ".' MitIss were fairly steailv. reg-
istering a deidine of only . point to
I l-" Smudinnvluu exchange was up.
FURTHER RECESSIONS
MARK LOCAL TRADE
Several Issues Hit for Full
Point Decline Entire
List Weak
I'urther recessions recent leaders
i on the Philadelphia Stock K.changc was
the feature of the day's sessiou. The
opening market was a dull ulfair, the
1 l.st failing to make any response to
offers, and traders evidencing no desire
to advance prices so long as there was
1 m outside interest to keep business
I going.
Ulectric Storage Butler was the tnr
, get for mot of the selling and limited
offerings were sufficient to force the
price down to lO'J'j. a decline of J 3,
for the day. and comparing with 100
the high lirice uf last Mnnilnv. The
weakness of this issue was dim pnrtl
to profit taking and to the reaction oil
the New York exchange. American
Stores and I'nitcd (ias Improvement
were other weak issues. The latter sold
it Ul during the day, which is more-
i than 1 points lower than the high of the
week. The loss in these issue-, l ,Ue,
m the belief of brokers, to a too rapid
I advance in the lal week or so.
j The favorable report bv the Hunt-
I mgdou and Hrnnd Top Kailroad. which
i came out at the nnminl meeting of
st'M-Uloldei's Jct'Tllll... ua, reflected
in a lurtl.er mhatiee in tin eorpora
tioti s stuet. although onl.v a handful
winie out in the early market The pre.
' f(rrcd opened nt I'l'i.., a lm p,,inL gain
lover last uighfs rlose.
J here is little to )( !,uld regarding the
mnaiudcr of the list. Tor the most
part it was he.uy. Philadelphia Klec
tric was off on fairlv herivv well,,.,. ,..1,1,
the other utilities attracting little at- I
icimon. i-ennsyivnma Knilruiid was in !
reipiest. hut could not ger nbove recent
I'veis. Thi-rn was further n a. lion in
i he new I 'en n si h;l nia li'..s. the iiuntu-ti-.n
sliiidn,!. lo ii'l'j. the isv,,,,,;. l.i(.Pi .
I.i'er making a partial ih-omm t
1 ".ht II' Is llllMIlK it- , fleet on
He -eeiirti. s market. The li.inks are
reportiiig tint in-tcud of mouev tlowing
to the nvml emters. thi tiih is" running
in the opposite direction. The outlook
for cheaper money, according to udvices
from towns in the interior, is anv
thnig hut hopeful, and a gloom has set
tled over speculators who hnve been
hoping tor a plentiful suDnlv. Ioe:il
I i equipments are not less thun they
nve hern for somo time past, and with
he jirosjiect of new issues of securi-
'! 'here will he demands that will
run into me millions.
Hale In t ltlnti tw I.ant ChM.
ton .. Advance Humely .... 18 18 In - 14
100 n Advnnco Ilumcly pf . . l at ,
oo 4 Ajasc Rubber :m an nn f l
300 .. Atauka Clotil Mines... 1 I ..
00 .. Alaska Juneau a M.. t4 Hi tli .,
looo .. Allied Chem & Dyo.. m ? Is. "
100 .. Allied Chcm & Dyo pf oat 0W !- X
00 4 AllU-Clialmers 34 31 H 31 H- Vt
-oo s Am Asno Chcm !i &t s -
00 0 Am AgrlO Chem pf... 77 77 77 J.
"OO h Am Hcet Hujar 43 42 42 - t&
'oo lo Am Uosch Mnimeto... 4H fl4H H -14
00 i Am shoo Vdy new 47 47 47 - IW
030 .. Am Can SOU 9M 2H 1J4
ton 7Amcanpf 8034 8034 86H- 14
ooo u Am car & Pdy 12154 1214 1114- ii
oo .. Am riilcle 28 28 s
200 so Am Drug Syn T4 T Ti
0.10 .. Am Hldo & Leather. . 0 8 834- ?4
4700 7 Am Hldo & Leather pf 43 40J4 40J4- 23i
t.ioo .. Am Intcrnat Corp.... 46Vi 45 4.t4- T4
00 i Ain-U Krnnco Kng.. 9W BH 0 . .
1500 3 Am Unseed Wi 8 S!i-lJ4
'00 (j Am Iicomottve 82 82 82 - 14
'oo : Am tocomotlvo pf...loo 'o 100 U4
"On .. Am Safely nazor.... 8W ' 8('4- V
'00 .. Am Ship & Com lOIi 101i '0- 14
00 4 Am Smelt & Itof 42 42 42
'00 3 Am Steel Foundrlcu. . 30 30 30 - ?t
atOO 7 Am Sugar Rcf 01 J4 89 U 893i- 'h:
200 10 Am Sumatra Tob 70H 714 7914- H
-00 8 Am Tel & Tel 0914 0Ti 0?i . .
300 12 Am Tobacco 118 U8 U8 - 14
00 12 Am Tobacco n 118', 11!4 HV4- H
ooo 7 Am Woolen 06'a 00'a 06H - 34
'00 . . Am Zlno Lead A Smlt 8 8 8H- H
400 .. Anaconda Copper .... 38 J 383i 38J4- '
'00 4 Asso Dry floods...... 254 25 U 24 U- T4
00 (i Abso Dry GoodB 1st pt fl04 59(4 49J4 .
200 c Asso OH 90 99 90 - J
00 a Atcli Top & Santa Fc 82 82 82
00 a Atch Top & S V pf. .. 7934 7934 79H '4
00 .. Atlanta Blr & Atlantic 0!4 & "i '
4200 in Atl Gulf & W I S S r.9'4 0 - H-S
HO ,-, Atl Oulf & W I S 8 Pf 4314 43J4 43J4 ..
200 3 Auto Sales Corp pr. . . 1314 13 13 " 9
18700 7 Baldwin Locomotlvo . R8'4 87'4 87Ki- 2H
09 7 Baldwin Loo. pf 102 102 102 - U
0100 .. Baltimore & Ohio 34 33 33 - 1
300 4 Bnltlmoro & Ohio pf SO 14 50 50 - H
00 .. Bethlehem Motors ... 414 4 4 - Vt
100 r. Bethlehem Steel 53 53 53 'j
300 ft Bethlehem Steel B... 65 Ji 5A4 5?4- ?4
100 S Bethlehem Steel 8 pf!05 105 105
200 .. Booth Fisheries 6Ji 594 ?4 -r !
100 .. Brklyn H T ctfs of dep 8 8 - Ui
fiOO .. Buttcnck lOfi 19',4 19?i '4 '
100 .. Butto Copper & Zinc 6 S 6 ..
1830 .. raddo Central O & It 13J I4H 1434- "a1
200 o California IMcklnK ..02 62 02 - V2
210') .. CiillfornU Tetroloum . 35U 34i4 34V4- 1?4 ,
00 2 Cul Zlno & Lead 5J4 634 ?4-h 14
00 lo Canadian 1'aclflo 110 110 110
2530 .. Central Leather .... 39?i 39 394 ..
1500 4 Ceno do PascoC'op... 20J4 28J4 28J4- V
3700 io Chandler Motors .... 71 89 X 0934- l'4
200 4 Chftsapeako fi. Ohio... 68'A 58'A 6R14 (4
1310 .. Chicago Mil & St P.. 2714 2034 27 - 14
1210 . . Chicago Mil & St P pf 4214 42i 42'4- 34
09 5 Chicago Northwestern 0714 07JJ C7J4 ..
1810 ..Chllll&Pao 2034 26 20H !4
00 fi CHI n I & Pao 6 pf 02' 02 0214- !'4
100 7 Chi It I & Pao 7 pt 73 73 73 - '-4
J0 .. Chile Copper 1234 1214 12?4 '
00 l.ao Chlno Copper 22J4 22 22 - Ti
3000 .. Coca-Cola 23 21 2114- 1)4
00 3 Colorado Fuel & Tron. 204 2914 294- ',
00 .. Col & Southern 31!'4 31 'A 31 A 'a,
100 r. Columb Gas & Elec 00 CO 00 - 14
2100 1 Col CJraphophoiio ... HH VA H'4- 34
300 4 Comp Tab ltecords. . 37' 37 37-1
100 7 Consolidated Gas ... 7814 78J4 78J4 ..
100 3 Consolidated Textiles. 20 20 20
200 7 Continental Can . .. 03J4 63U 3'4- 3
2100 .. Continental Candy .. 315 3J4 3'a- 14
000 4 Corn Products Ucf . . . 70J4 70 70J4- J4
200 7 Corn Products Ttcf pflOS 102 J4 102T4- 1
100 2. BO Cosden & Co 2914 2014 20U .
5400 K Cruclblo Steel 92J4 91 DIJj- 1JJ
100 7 -ruclhlo Steel j.f . . . 80 80 SO
1200 .. Cuban Cane Sugar... 2214 2l3j 21 1- 34,
1030 7 Cuban Amer Sugar.. 2s& 28 2Si- 14.
510 .. Denver & Itlo Orando l"i 134 1?4- V
2203 .. Denver & Rio Gr pf 33 3)4 3 . . '
300 1 Domo Mines 123 12JS 1214 .. ,
100 .. Klk Horn Coal ISli 18J4 1814 ''4
600 n Undtcott-Johnson .... 02 0IV4 OIJ- 94
900 .. Krla 13U 13 13 - i'4
310 .. F.rlo 1st pf 19?4 114 1014- JS
100 . . Mo Id pf 14 14 14
200 8 Famous Players L. .. . SOU 6GV 50U- V
500 .. Flsk Rubber HV2 144 14H- 'A
400 . Gaston Wins & Wlp. . 4J4 4 4 - J,
100 2 Gen Am Tank Car... 50 .10 50 f- 1
1720) .. General Asphalt .... 0J34 C4 ? C54- 3'4
4000 1 General Motois 14JJ 144 1434- la
100 0 Gen Motors tleb 6"c.. 08; 684 0SJ4- -ij
200 7 Gen Motors deb 7rt.. 7934 7034 70J4- U
1011 .. Gllllland OH pf 87 87 87 1 !4
500 (1 Goodrich B F 41 41 41 U
100 7 Goodrich B F pr 8234 8234 82 J4 ..
100 . Granby Contol M & M 23 23 23 - -2
1500 7 Great Northern pf... 70J4 7534 7634 34
2U0 4 Great North Oro ctfs 2S14 28 Vz 28 J4-
100 .. Gulf Mobllo &. Nor pf 20 20 20
100 7 Hartman Cor 72 72 722
100 4 Haskell & Barker Car 57 57 57-1
100 .. Homestake Mining ... 60 50 50
3)0 .. Houston Oil 73!-j 72,4 73 - tS
100 1 Hupp Slotor Car 13 1.1 13 - 34
130 Illinois Cent 80 88?, 8834- Me
Kin mi tmllahonui Hi f i'4 i'4 IHi U
no .. liisi)lr,itlon Con cop.. 3134 3'j 34J4- 'e
."('11 .. Inlerb Con Corn .... 4J4 t'j lis- '
200 .. Intel l( Con Corp pf . . 13J.J III' 2 13',-.
I(i() 7 In'l Harvester mw . . 01 C4 j 0I&3
Kill .. titti.iii.it Hiirv nw pfllO 110 110
:W0 .. Jut Mir Murine lVa H'4 14Jj- U
1O0 0 Int Mcr Marine pf... 6214 52 ! 324- 34
100 .. International Nickel . 154 I5U 15'4 ..
100 0 Inter Nickel pf 80U S0'4 80i 5J4
23U0 .. International Paper .. 6874 5734 6734- 2 34
Dlv.
In f HIkH
0 Inter Paper pf atpd.. 74 14
.. Invtnclblo Oil Corp... 2534
.. Island Oil 4'4
.. Jewell Tea 7)4
. . Jones Bros Tea 32
.. Kan City Southern... l14
8 Kavser & Co 73
4 Kclly-Sprlngdeld Tlru 46
2 KcmiccMtt Copper . . . 10ft
.. Keystone T & R 1414
A Isackawanua Steel ... A3
. . Lako Erlo & West pf 25
2 Ieo Rubber Tiro 19 34
280 3.60 Lehigh Valley 6174
300 2 Loowo Co 1014
100 .. Loft Corp HH
100 7 Loulsvttlo & Nnshvllla AOJi
4 Mackay Co pf 3714
7 Mnnhattan Kiev guar 6034
.. Maxwell Motor 514
12 Mexican Petroleum ..15034
3 Miami Copper 1814
35ro 1.00 Middle States Corp.. 1334
000 2 Mldvnlo Steel & Ord.. 3114
1. Mo Kansas & Texan,. 274
.. Missouri Pacific 18(4
.. Missouri Pacific pf... 3834
.. Montgomery Ward .. 15 Vi
60 Nat'onal Acmo 2314
7 National Biscuit ... 100
fintejt
109
2S0
2090
100
290
400
100
200
600
1200
200
too
200
100
400
noo
135VA
200
200
000
100
200
100 3
100
100
100
800
100
too
1200
. National Con X. Cable 4
6 Nat Knnm & Stamp. . CO
. . Nat R R of Mex 2d pf 434
. . Nov Con Copper 1114
B N O Tex & Mex .... 7014
5 New York Central... 7114
300 2.00 New York Dock.
24 14
700 . . New York N II & H. . 2034
1100 1 Now York Ont & W.. 1714
000 7 Norolk & Western.... 9934
17000 7 Northern Pacific 87
100 . . Ohio Body & Blower .
600 40 Okla Prod & Rcf 334
300 .. otls Steel 14
100 .. Otis Steel pf 80
00 3 Owens Bottling Mach. 31
100O .. Pacific Oil w I .".. 34
3000 e Pan-Amer Petrol .... 741
100 a Pan-Amer B 07'a
1100 e Pennsylvania R It... 40
6000 ,. penn Seaboard Steel. 12T4
400 ,. Peoples Gas Chicago.. 37
200 .. Pcro Marquetto I7J4
100 b Pcro Marri prior pf . . . flt4
400 3 Philadelphia Co 33
100 T. Phillips Pet 204
800 . . Plerce-Arrovv Motor . . 20
200 .. PlercoOII 10T4
100 0 Pitts Coal .... 50
000 . . Pittsburgh & W Va. . . 29
400 11 Pressed Steel Car.... 03
ton 7 Pressed Steel Car pf. 0J14
400 4 Pub Serv Corp of N J 5s
800 ft Punta Alegro Sugar.. 4534
2100 4 Puro Oil 34?4
100 1 Ray Con Copper 1374
200 8 Railway Steel Spring. 8474
2500 4 Reading 83i4
3400 6 Republic Iron & Steel 0514
200 .. Ropubllo Motortruck.. 2034
03 Vi
St Louis San Fran 21 2
.. St Louis Southwest.. 21
. . Saxon Motor Oi
ft Scnrs-Roebuck 80'
7 Sears-Roebuck pf .... 100
74 Shell Transport 41 Vt
.. Sinclair Oil 2314
0 Southern Pacific 9G14
.. Southern Pacific rta... lo'i
.. Southern Rail 2214
S Southern Rail pf 58
20 Standard Oil of N J150
7 Stand Oil of N J pflOS34
7 Steel Tubo pr 8134
4 Stowart-Warncr Speed 31
2 Strombers Carb 30J4
7 Studobaker 574
2 Superior Oil Corp 1214
.. Tenn Cop & Chcm... 8
3 Texas Co 43'4
.. Texas Co warrants .. 4134
1 Texas & Pao C & O. . 33J4
Texas & Pacific 20 t
7000 5.20 Royal Dutch N V.
600
1300
1230
11000
300
400
3700
2400
8200
1400
300
100
00
200
200
300
7100
100
330
2S03
100
4030
503
50
200
400
i;uo
600
200
200
noo
1000
4000
mo
900
20
203(1
200
3C00
100
8200
300
1200
1000
100
1700
400
800
100
900
(00
20(1
400
tin)
100
200
800
1000
200
700
000
. . Texas Pnc Land Trust210
. . Third Acnuo 10
6 Tobacco ProduotB ... 53
.. Transcontinental Oil.. 10
D Transuo & Wms Steel. 41
8 Union Bas & Paper.. 73
.. Union Oil 2234
10 Union Pacific 119
12 United Fruit 107U
3 United Retail Stores.. 55
.. Unit Rwy Invest pf.. 21'4
8 U S Inu Alcohol C8I4
.. V S ' I ! & 1'My 13
..US Food P;oducla... 2114
..US Itenltj ,V Imp... 471,
h U S Rubber 6ii
uO U S Smelt &. Ret 314
BUS Steel 82
7 U S Steel pf Ul'i
a Utah Copper 5074
4 Vanadium Corp 37
4 Va-Cnrollna Chem ... 37
1 Vlvadon Inc 734
.. Wabash 774
.. Wabash pf A 2014
.. Wclls-Fargo Hxpreas. 0314
. . Western Maryland ... 10
. . Western PacMo 25
0 Western Pacific pf. . . 7V4
7 Western Union Tel... 8574
1 Westlnghouse j; & M 14 74
.. Wheeling k I, 11 034
4 Whlto Motor 38 &
.. Whlto "Oil Corp 15
1 Willys-Overland 84
. . Willys-Overland pf . . 30
8 Woolwortt F W 11314
0 Worthlngton Pump .. 4014
twv
7414
24 J4
414
714
2U4
1914
73
4554
1934
1334
5374
25
1034
6174
10J4
1IJ4
0074
6714
80 'A
5
15414
1814
13
2074
234
18 'A
3S?4
1314
2314
106
I
, 60
4
IU4
"na
71
24
20H
17
0914
85
9
3
14
80
5J
3434
73'4
67l
4014
1314
304
17)4
6614
3334
20
25 'A
10J4
60
2874
0214
0714
67
4434
3414
1374
847.
82
04J4
20 J4
02'
2114
23
4
83
100
4034
2314
06
19J4
o
68
156
108
814
31
30
501-4
1214
8
43
4134
3236
201'4
210
16
6214
914
40 W
73
! UNU IS LAH
IN OUTSIDE MARKET
1:30 Net
I.Adt Clue.
74144
25
41i ..
'714
2114 15
10J4- 14
73 - 214'
4 -
1-
1414- 14
8274- X
25-3
19 -
6174- l'
1034
1134- 14
0074- 14
6714 14
5014 '4
514
15414- 214
1
I8J4
1.-
3(1 75-234-
18'4-
383-4-614-
23J4-
106 -
4 -
60 -
434-
1114-7014-71
-24
20'4
17 -0914-86
9
3 ..
14
Rll - 6
51 - 14
3-
74'A-
671'- l'4
4014- V
12-
3614-
1714-
5614
33
30 M -
2814-
10J4
69 2874-0234-
0714-
58
4134- 1'A
3414-
1374
6434-20J4-02
J2
21 14-23-434
84J4- 236
100 - 2
4034
23 J4
06 -
19J4-
l'4
114
A
14
134
58 -150
-
108- !4
8II4- '4
31 - li
37- 114
6OI4- l'4
1214- 14
8 '4
43 - '
4134
3214- Hi
20 W
210
16
5214- !4
0 '4
40 'A- 74
73 - 1
Many Stocks Pressed for Salo
at Declines Industrials
Quito Stoady
New York. l'eb. '.. TI10 market on
(ho llrond Street Curl) wn naturally
influenced by the money conditions as
reflected by the renewnt rato of 8 per
cent for call money nnd thoro yns in
Kenernl nbsenco of demand, even In the
lendlnc Ibsues. Many btocka were
pressed on tho market at declines, the
Standard Oils hclnp the weakest fen
lures, those stocks being offefed down
T points without actual transactions
helm; made in 11 number of Issues.
Standard Oil of tndlanu, new, so d
down to the lowest prlco touched In
some lime uud Marucalbo, which hud
been n strong f.aturn for some time
pust, was also In supply ut n substan
tial decline. Siminu sold down to i'j
und Hyatt had 0 further decline to 11.
Tho industrinls were comparatively
steady. Dufant M'otorB ndvnuccd to
17 VI. Movements in this group were
to lower llgurcs. . Intercont ncntal Rub
ber started nt H uud declined to 10
uud Sweets was heavy, wiling at -Vi
to 12'8. Car Light, which was 11 strong
featuro jcatcrdaj;. hnd a fractlounl low,
selling down to ". .
Maxwell (llmlmcrs "15" was bleu. I,
with wiles at 10'fc to 10. Unllwl Wc
Ship bold at. J nnd J. Impcriul
Tobacco wns traded in at bis-
INDUSTRIAL!
lllRll
Acme Coal
Car Light
Columbia ninorsla ..
Kmplro Tub ...... ,,
Hftlneu Knlttlnir 'A
Haines Knlttliie "n '
1 (nines Kntttlns Pret .
Imrerlnl Totmcco
Inlor Hubber
Uurnnt Motors
Inter Trado Marie ...
Max Clial "A"
I'orfccllon Tiro
HbiIIo Com ..........
It P lllnh Hpeed Tool .
tt H Ship Corp
U .4 Htcani
3',4
3
10
I4t
if'
,r4
1714
(15
Mi
IN
54
IN
Low
3
;i
is'.
144
14W
U7
H'i
1IIN
17'i
nr,
in
2.
1
1N
l'i
1:30
P. in.
3
:l
1S'i
11
ll'.i
07
8'i
KlN
17'i
3
Kl
-II
IN
5
IN
STANDAKD OILS
AiiBlo-Amer Oil 1874
INDEPENDENT OILS
18W 1SH
10
2234 22J4-
11874
100
5374
21 15
6734
1:1
23
4714
67 !'4
34 34
Ml'i
11114
66
363s
37
714
734
20
0314
10
26
07 14
S5'e
47b
3M 15
l3i
8
3514
112J4
1814
11874
106 -
61 -21
'4 ,
-21
-4714-67'4-3434
-
l
iiii 56 -37
37- li
714- i
77i
20 - ' j
6314 J- ,:
10
ir, 1
67 Vt - 2'.:
S3 7s 1 ';
4t'4 ' 1
0, 1
3H14- '
15
h - (
35 J4- '
11314 h 1
4814- 1
In
"2
1
FOREIGN EXCHANGE
ru orU, l'Vb. " --Tlio ffiU'lpn e.
. ' mee market opined Irregular with de
. li'. In tho principal allied ex. hanges
iiid adianer-H In mot of tho ho-c.illtd
i. 'I'riiltt Ktorllng started In v4 cent
down from vfsterday'H lute rally at
s ' for cabks and 3 8D '4 for demand.
M. iii.c Is no v 51. o-nts under the
i.tdil hlRh, and ii,iii"H, whl'Ji on. iinrl
1. hk und-r yesterday, nt 7 03 for 1
. .ilil", and 7 0J't f(n checkii, Ih 40 iMiin-H
.id,! the rxtreni. riv I.itm wered.n !
. idilnt ai a til for ...ililci rfnd .tri'.
: .t . 'i, el- 1
. HI r ipi jtati((iM 'it.
Sihi caldLH hiu.1, checks lhOd,
(tulldi r ealdes S3 50, checks 23.70, pesr.
lah L.thles 13 06, clieckw 13.91 ; .Stuekltolm
.Abies " "0, checks 'JIUO. C'hrlstlanla
cablca IS 70, checks IStiu: foptnliaKen
cables ID 50, checks IV 10; Belplnn cables
7 35, Che. kF 7 34 ' ; marks 1 58.
vrcfeTERliAT'S IINAI, ytJOTATIONS
(RrlTiB Krnt...n T.lm CIuIM'tm
PmihihI H 1 ' , "'ll 3 Z r.3 (17
. al lo . .'1 -. '1 !M .1 (14 38 77
rnr.Y I'lTN'ISU PltP'lZB
h(pi nc .ihr''H 1 'r (,uilde-rt
(.iiM 'I ..Ji 7 11J 1 ! AVj .13 "0
. ai, ci .1 V't '. 3 01 33 Hi)
Philadelphia Stocks
LIVESTOCK QUOTATIONS
CliUato. l'eb 2. - LA1TLB Ilcelpta.
11.000 hml. Hcet neors slow: little early
tradlni; hbout otoHdy vith LenterdKy'o clone;
few ihukr 1. 8-1-. hi Id .it J'1 Ml und )dhr;
bulW uround $7 u b So, il other claHfs weulc
tr, lower. Hull' but n 1 r.mn HJid lielferM.
$1 iKJ'a.il LUimi-c mill iMiuoiK lamely $3ic
t.25. lt lieaj liu((un Lulla, $5,301 bulk,
I1.7541 5 25 cr J 10 lifjd.i voal vilvn
mosiiv Uur.OfuH Oo. few s.'.i) pound wclalit
aboic Is.
Ho.lS Ul. i.H ilb OHO heud. fclow.
Steady .0 1( . I Itfl nr buti tjrw up inont.
Top, J1U 20. bulk .'.io jH.urida and duwn,
Jv U0i lu 13, bulk 'J.'u pouii.Ih and up. $'M
W'.i.dU. pltru. I'll t" 13c (,er. bulk do
alrutile lid to l'.'n puun.ls t'J 730.10.
SHKBr He. "Ipu 1.". DUD luad. Kllllna
. laasvH generally ci'n1y Top lambs, 110;
bulk fit Iambi J .vifiy 5o. bulk fat ewes,
f 1 tl t .") : fxdliiK iitmbn. .'Oo lower.
LOCAL MINING STOCKS
'lONOPAll HTOCKH
l'llulmrL-li
'liH'O I eal 1
li(a s .urkern, 1
tfl
I ,1. -
ItoOSs HecelplJ
llnili. l".7."r(HU.
i,rker,i und plus, J10 'J5
Consolidated City Trt.ct. Lt. &
Pr. 5s. 1962
United Gas Imp. 8s, 1923
Grand Trunk Rwy. Kquip. bYzs,
1936
AtUntic Reliiuns O1 is, I 9 31
Wayne Coal bs. 19 37
Amer. Agri . t hem. 71 s, 1941
f.n v
m
nn4 H'-; li
L".l
tru.t 6101 ian j Title Bids. llu" 4U
Ntw York Trl i'.miie(,tjTj,,c'fiiinJ J8H
!
nuiuiiwwiiiiiiuiiii!
INCOME TAX
VIEWPOINT
l-nr
audi.
r l r l
sli.iuld b(. in i.l..
In. oniH ( - i .' i
lib r V H to . r
inra U pe uloi
OU relunve in
.I..J1 .1
mi an Ik
t ,1" f II
HI ( t
.( c ni
U IK-il
tf of for
1 li X llu. a (1 L.K nn
' 'lllil 1 '1 to K.l ll
hit ofll. ia t(.rt poli't
Hlk'h
.'IfiCi Am Sirs., ."n1
T Am (i.iK.. Ill
jr. Hnii .1 ;. :.:i
l'i- rciecStor.lO.Vi U)V,(j lOIi
JU (ien Axpll lid (JO
liiOtCfn Mut IV'H
'.- ITuii A. 15
T pr. f J1 j
;n I I'.. -jsT,
ll le, 'Id
1 c pf. . . UP
::jo i.ak.. Sup t)
7!l l.i li Vtil.. Ti-Jl.
:;ps Pa It it., mi-'',
,'t7." lMilla Kite 'l'S
1!."4 (lo pref. li"1-
r I'hllaUT 17'
wi r (j i... :ii,j
10 .lo pref.. 111'h
Nft ihanRi. mado
halo on Nort York m -ik K'hanif
s.i. h io iiiiMt i r,
tji i llntn liv . in
1 tell T ! 7- 1"J1, UIU', 10U'
'J l.i'lllk'll Mil
1:15 Nt
r m. i h.
r.o - 1
HI :',
io:i -'-1
w n
ti
I'M.
i:'.i
!l
r-UKKI' AM' 1 AIHH--i(ecel)tH "00 liovl
M. ad Top ki J.l. top lamoa, ii.
(I.Vl.b " !'- 17.1 head. hie.id.
Tup. Sir..
i:.ial tt. 1iul. l'eb - CATTLE He
relpu. luiiii li'J.I Mow uud lower uiAler
lone; two or tlir.n bi.nr ai and few rows
and helfera bap .v i.vuv. Lanti'rs and oal
era c tead , bub' . ( mira 3.STid uO; calf
tup, 113. bulk. Jl.'iJ.l'J.fiU.
IICKIS lUct'pn lO.riOO head. Aetlvo and
steady to Kil luh. r itian jeulerda a aer
uk luujt uotHiMi-M on below ISO pound
kinds best bui'tiem ateudy , licaleu alow
.ml Pwer 't .p 51o 1(1, bulk llBhts ami
iiiedluiira J' i '.o.i In .'ft, bulk hoavlei, JUKI
(fU 7 .. i.o er n- .imI pin, -3.' Idslier
iiualiis .i.l . ,
hlll.m- He l R.'O lieu'l. Slow Mini
fe oirl' ca ' .bout steady o,UHllty nw
dlum Top 'Horn ill. 30: bull.. !iK' .l'i:
two diekcL ot r i 1 sood I'" pound jeurllivf
rold ... 17 i i ".' I30. bulk. kltllu'J,
bulk of inn laml.. ewes ncune.
Klin iiofinlii. l.i, ". f'ATri.K UteelplK.
150 hen I M . .1,. frtUd. receipts, HOI)
head 1" f. . m leer, JSWir. DO
llLKj--l'tlp i 100 head hteady to V3
(4 50( lirfnrr. I,mu, n,nntiJ0 '.'3 : inued
$1(1 30 'i II (,rki and lltflit jorlc-rn 111 'J.l
ll."('i 4 JU'y 11. '.'3, rouKlia. 17.73VS.
StnKI ' ,'ill'Hl r.o . ,
Slthi:i' SMi I AMDS Iteeijllti". dill"
head M., Uiniba, .luu higher I.ambs,
lOWlii . (I Oh in., hanu-ed.
II.
ll.HI lodl
BAR SILVER
,.H l')U IIIK'IL'I-
iu l.on-
W'h .
uu-'i;
i!Ta;H
40 ')(,
J7"i
17'i
:itn
innarlinn .lth lait
at .ni'id.
FOWLS GIVE FIRE ALARM
, , . Hid Aak
. anh Hoy ns .Oil
Jim Uuilur 13 .17
M o Namar Croscint 10 .1-
Ml'lwy 12 .1.1
Mlpali i:lensloii sl, i'4
Montana 03 '.07
.North htar ud .1)7
Itcu-'UO Hula 'J(l .'J
T. ia pah tint anion 1 U-10 14
Weil Und 01 1,'
WestTunopah 0 no
Divim; aTOciis
Allied nillo 01 .UL'
Alto Divide O'J .0.1 I
liLkher 03 .UI
iitidier Uxtenslu.i 01 .03
li( n Itur 00V1 .01
lirLXIVh I'hlde ti! . I
lUildn nxiennlon ,i.'rl 30
llld(. HMUlk-al., ooj ."I
1 lud. .'on UJ 0.1
Doli.dvnd Ho ot
I'dBt DUIdo 0'J ".'I
I'lirnnll un ..II)
ItlieliriiUL'k Uhl.L, 01 IU
Hull lild.. .ill
llnirt Plvlde Ill .(in
Kino Divide ui ,0J
KiHetlo OL' .01
.-.llvor Kline OJ .03
Tonopah invldo l'i 1 .
Tonop.th Haabrou. k 01! .01
V.etory Iilde 01 ,.l
Vrrdo JJlMdc 03 (( t
utlu 113 .1!1
LlClIJ.iKli;i,r) STOCKS
Atlitita 01 U-'
Uluo Hull OOVj I ',
Uooth OJ 03
C " I) iiu'4
1'umhln.itli n Kia.lion OJ ii.i
('no kerjut'i 07 u't
DlamoiidfUld li U no'j i,
Dalny Oil's I'ii
l'lorence Jl) .3J
liuldMeld ' on us ci
llolitlleld Meri: i UOVa
Hold IJCtelophlillll Hi .0-'
(Iruu' Itond 00 'i .1.1
Jumbo KxtiiMon 1W 1yt
KewaiuiB Ou ..I
line Hlar 01 ,U1
nro OOSi
Hed IHIlln a.OO ami
HllMir 1'K.lt 07 .on
rjpiiirhead 01 03
MlbfcjI.UANEOrll
Aiuparo 1.-3 I I.I
.luuiia I 1 1 1 1 .. , I In .l.'i
Kdun 1" ..''I
Mulli.rNnl. '..' 3Vi
NVtiidu IIIII (.1 nj
Ndmli Mi.lnler -'ft 30
'IVcopa Mir.ln 03 in
White Cans )s mi
Wilbu.t OJ i. 3
iii'" !'' Like Geese Who Saved Rome, Featlv
,1 t VI '
ire;
Nei
i hK.
I 1 ,
upplliablo to .our urluua tax rrob-
l.mi.
Gerard Tax Service Co.. Inc.
Tcderal and Htnte Tai ('ouacltaiits
Telephone: Walnut 2N3U
120U North .nierlean unl
uABffllMW -. fc. Jita.iJia
f.Ml
1J Mb Ilonils
5id .l',s .
:; -nil i',s.
II'.. Vic lK...
Ill) l'cnnn Co
IJ'.ja ...
t! IT. IMilln Klec
l.i
II.")
!i.'
".sn hTi.tm v. 7(i -f .nt!
Ml. 1(1 S((0S Ml.lll-.n
U7.5JI (IT.'JO 1I7.U0. .
W) uuu 00-
cred Creatures Warn of Danger
New Wli. Kil). 2.-(Uy A. ..)
Two th.jiiMin'1 jji-cse, .liicUMUiulclilclxcnH,
iiwrni iK d( ..Hi in a poultry Bhop,
iln.ni.nl mi ahiriii cnrly this innriihiR
tor lu-e that ciiuscil liciivv propcrO loss
III el(Mli lelllll I'lotllillk' ll'l'l f""l MtOrCS
In Wotcliisti-r uveniic. tho llroux.
Tin uniiMiiil hqiiiiwKluc iiwnUciieil
recidentH of the neighborhood, ninl nt -tructeil
ti pollcciniin, who telephoned
lire hPfiilminrterH. Tho oluzo woh con
trolled by nr.'ineu njlcr
DIVIDENDS DECLARED
I.anxton Monotypo Maildnn Co.. uuart.ili
cf I ',4 per cent, payable Tebruary l' io
Hockholdcra of record M. brunry 1H.
Ameilcan Tabocco Co.. quar'crlv ot a
per cent on common and common "It " po
ntile March 1 to stock of reior.l reliruiny
10 In a. rip bearlnc 8 per cent Int.-rtpt and
exuvertltil.i at par Into Lonimou H. March
1, IIC'3
.ten-, .on .md Clearfield oal and Iron i o
Bcniiauiiii il of fL'.r.O on tireferre.l payable
Kobniiu:. I"i in Hock of riLo.d Kcbiuarv In,
llartmaii Corporatlot, iiuarlerls 1 73,
pajablo .March 1 to slock of record Tobruarj
16.
ralrtnount ark and llaildliurton lu,.
nenxer Kallway i'o , Kcurlannual $130, pa-
auie lfbruar as rculatcrcj January 23.
Cltlei hcnlue Co. Hankers Milan k
monthly m bankera' aharca of 30'4 ceuis
pajable MarLh 1 to ntoik of rciord IVbi.i.
ary 13 '
ASK STRICT MARRIAGE LAW
Bill In Delaware Senate Aims at
High State of Health
Uout. Del., Kcb. U. Scnutui- lliiml
lutroduccl n bill in the state Somite
hern todu lo mnko Dcluwnre's uinr
rliiBO laws more wtrict as to the health
of tho persons hocking licem.es. It nlso
lixca the minimum hkc for fl rl-, at six
teen and the ujgi for boj.t at clitlitcen
jciirs, .-oiitfijt of the pnrcnts IiiivIiik
been hrciireil to tho innrriuK''.
It iiImi uoi.lcs tlmt murrluKi's nf
..pilcptlci, per-.iiis of iiiiMuiiul ininil,
htthltiiiil ilrunlviirilH ami coiiliniii'il
users uf nnrcntlcH hliall be prohibited.
The bill wilt, not introduced in its
entirety, but notice wih 'rIvcii by the
introducer nt the ropiest of the joint
legl.slatie committee of women voters
that a full hill would follow, whleli
would be aimed at great)) reducing
ill-advised marriages iu this late.
l!
i
H
10k '
lll'k
IJ4
t''
2
li'1
10
8
4
OS
17
18
07
i'i
i"
H
30
5
24
4'i
J,
11
17
23
CI
r,'i
'.
o
li
3
III,
lh
i"i
H
ift
11
17
13
tl
in
2('i
2T
i
1
tl
3
HttVa
t'O'li
n7't
hll-j
01
0(11
11
l'i
'A
12 H
"i
in
18
$
1
11
10
7'5
1
;.
i
01
17
18
111
13
ift
21)
ii
Allln.l fill lb
lioono Oil 1
Uoston wyomlne ..
Carlb tiynd
Cuildne l'ct
Denny OH
i:ik llaslll Pet . ..
lliulreers I'ctrol . ,
Kcdcrnl Oil
l'cnsland
(llcnroLk Oil
IludKon Oil
lilt I'ctrol
ManiLallio Oil
Mexico Oil ,
Mountain Products
Omar Oil
Hod Uoek Oil ,
Kyan Cons
Salt Creek new ...
Milium ret
Cn Texas Oil
Victoria Oil new
MINING
Alaska 11 r Columbia
Atlanta
Hit; Lc.lcc
1 loath
Iloslon k Mont
Caledonia Mlnlnir
Candelarla Mlnlt.v
Cons Virginia
Cortex Kllsrr
Crescent MacNainara ....
r:i MKUaJor
r.urcku Croesus
Kuruku Holly
Ool.l Conn
Hold Docl
Ooldtleld l'lorence
(.lold Keunas
(lold Pllir Pick
(Sold Zone
(Iroat lieud
Heela .Mlnlne
Iron Blossom
.'umbo IXensIon
Knox JJlvUIo
Mi't'Namara
MaKina Cojiiior
Mothor 1jde
Mother Lode now
XII'IhsIiik
S'orth .star
Ophlr Miner
Prlnro CutiB
lto Coi.m
Uoeheitcr Mines
yan Tov
Sller Klnc Divide
o Am I1 i tl
ataud hllvcr I:ad
SucecsH Mtnlnic
Tonopah Uelmont
Tonopah Cash Hoy
Tonopah Divide
Tonopah Kxtenalon '
Tonopah Mlzpnh . . . 1
Tonopah-Jlm llutler
Tonoiiah Midway
Tonopah Mlnlnis
Tonopah Montana
I K Cont
Tonopah Montai.rL
'I'onopih Iteiiue I5ula ....
I'nltu.l Eastern
Vlitorv
Hem jjini Con
winie caps
Wllbcrt
IH)NDS
Alll4 raclcera 0
Amer Tel (Is. 1022
Am. r Asrrl Chem 7'4s....
Aniaonda Oa
Anaconda 7s, 1020
Armour 7
Amer Tob 7s, 1023
Moth Steel 7s. It) 15 tin nn
Cei de l'nsco 8s Kll'i ini',4
on i Oas S tm'l (T,
Ilmplrr niel hs, 1021.... P3Vi 113
tinudrlLli Tire 7s 00 t fio'i
Urand '1 runk O'.is 07i H7'i
lleliu Co 7 97't H7U
Inter It T 7a (IS'j r.K
ICenneiott 7s 113 ICI
MorrlH 7'js 117 I.T't
l'an Aincr Pet 7a 04'a ui';,
Seari.Ilo-buck 7s. 1021 . . IISt Wi
Sears Itoebuck 7s, 1HJ2. . IKIV, tnlVj
Searadto. buck 7s, l'l.'J. . lulli n.1i
Sinclair 7'is D1'4 111 a!
SolMiy ss Kini4 join,
Soutlurii Hy 7s mil, inji..
SoulhiMst Hell 7s .... Ilil"; nm.
Htatid (Ml Calif 7s 101", 10IV4
Stand in. N v 7s, 11.23 .lnlJ I0,
Maud nil N y 7h, lUSb..lUISl01U
"lft "s in;., nip,
Texaa I'o 7s tin, mis,
I 11I011 'l,,nk 7s 101 1D
Va-Car Chem 71 !!,-, nss,
U enli 1 11 Cleg 7s fin tl8
MKdleh Us , 80'i SD'j
13
ui'
1
8
IA
I'd
'I
1(1
lel'l
l4
ill'
IU
It
10
7"i
:
4 '.4
7"
11
17
22'i
St
:.-,
8'
(1
u
A
n
1
r,
:i
'?'
i
i.
a
17
13
11
II
ll
1
4
us
17
18
IS
07
13
30
0
21
4'
A
1 1
17
2.1
31
tl
'l'i
18
Ti
8
i .
17
l.'I
I..
The Ohio
Power Company
1st & Kef. Mil?.
Gold Bonds
7 S. R ScrlcH "A"
Dated Jan, 3, 1021 Due J". 1. 1WI
Kreo of 2 Normal Federal
Income Tax and Pcnna. l-our-JIlll
tnx refunded.
Company owns and operates
tinder management of America
Gas & Electric Co., one of tho
three largest steam generating
turbine plants in United States,
having its own coal mines
adjacent.
It supplies electric light and
.power to important manufac
turing sections of Ohio, in all
over 3c cities and towns in tho
state.
1'ricc O.Vt and interest
To Yield About 7.40
Elkins, Morris & Co.
Land Title BIdg., Phila.
Members
N'ew York . Tlilla. Stock Exchanges
Tax Refund
Ohio Power Co.
First and Rcf. Mortgage
7 Sinking Fund Bonds
Due Jan. 1, 1951
An exceptionally good pub.
lie utility bond, offering
the present high interest
rates over a period of UO
years.
Tho Company supples
light nnd power to over 45
cities and towns in tho"
richest manufacturing,
coal and oil producing und
farming section of Ohio.
Price 93'i to yield 7.40
Circular upon request
Boles & Westwood
Member Pbilt. Stock Eicnttife
Lund Title BIdg., Phila.
For January Funds
Auk
or
Foliler
l'l'Ii 300
Al.
for
Folder
VI'!, 3','S
B"r rive Y e b r
Serial Notes, Se
cured by Net Quick
Assets of 2.5 times
and Net Tangible
Assets of nearly 6
times the amount of
these notes.
To Yield
9.08 to 9.129'p
Convertible One
Yesr 8 Notes with
Net Quick Assets of
2.4 times nnd Net
Tangible Assets of
over S times these
notes.
Attractive Converti
ble privilege Into
listed common
stock.
To Yield
SVirA
Hollister,White&Co.
Incorporated
riiii,.i)i;i.iiii
North American IIiiIIiIIiie
lto-ton I'rinldrnrc New York
N.rlintlldrf l'lttsllrld Portland
Combines
Safety
nnd
High Return
CifiesService Company
Preferred Stock
Hacked liy large nnd gronrlng
equities. Dividend earned i',4
limes oer. 24,000 holders of
record Indicates nldo IItr.
Iiutlon, broad lnnrket aud
conlldence of Investors.
Returns, at present price more thai
9
Price at market
Circular "V" on request
Henry L. Dolierty
& Company
G04 MorriH Building
Philadelphia, Pa.
Telephone! locust 144(1
CIV.
1.7
M
Ut
vil'4
21)
DO'!
li 7
8(1
til
UO'l
lOO'i 1001. HW'i
iiu
Ml",
("l'i
I .-, ' i
Ml'i
til'i
I7'1
11H
till
!'7"i
ni'v
lls
li.Ui
ll.-l'i
111
inu1.
tin' j
n
mi',
1ll
Kill.
iifi'
HI. i
1(11
II.-.1.
Ha?,
all'
The Strength of
A Corporation's Credit
is established by its
record in meeting all
fixed obligations, its
total net assets com
pared with liabilities,
its earning power, sta
bility of demand for
its manufactured prod
ucts or for services ren
dered, its management
and the length of time
it has been successfully
operated.
We offer a bond which
meets all of the above
requirements and is
selling at a price to
yield over 8.
Write for Circular A'-J.
Hemphill, Noyes CSi, Co.
Members New York Slock Eichanfe
Franklin Bk. BIdg., Philadelphia
New York Boiton Scranton
Buffalo Albany Syracuse Baltimore
BANK CLEARINGS
Haul. c!Krlnt,-s today compared with oor
retpoudlntr day last two years!
Illlla . .Hl) DOS, .1.11! SHH.NlS.HIIIl HID. MM, (Jill
N. V. h9li 3IS.lhll SOH.OlD.oob OSH,UM,777
Prlee6 Irrecjular on Paris Bourse
I'nris, l'Vb. - Price were ineBulitr
on tho UiiurNe, toduy Three per iliii
unt.H. I,8fr b"0o: c.Mliantfe on London,
jlfr 70e, t, per cent lonn, S6fi" &5c
dollar nti Liuoted nt Hfr .lie.
RAILROAD EARNINGS
SlJAllOAUD A1H LINK
Decemlier gross l,riri7,RflO
GOVERNMENT BONDS
Did
rnnama eoui)ii .Is, Itlfil
Panama registered 3s, 10(11..
rhiiippino 4b. mill
I'hllltiplno 4n 1(13.-.
V M (lovt inupiin L's. IlldO ,.
n s noit icKii-tered 'js, lnao.
ti h CJovt reRistcred 3s. mm
V h (lot Loupou Is, 11)25. .,
81 '4
81'!
til)
O'l
Hfi'i
lOo'i,
A si.
'.Ml
Ml
III
till',
(!;
K:m,
1.13'i
I
1m -V sl'i 83s 81''s- lt I Unlit Its orUlii wufl not determined. Ni wtr
. t l Net oer
two-iiuur TwBli, ,enths' Kress 4l),a(13,A4n
Income.
Jellclt
714,31)1
JA3.H4n
,030,515
MRS. HARDING SEES FROCKS
Designers and Modistes File Into
Future 'First Lady's' Apartments
New " orli. l'cl. ''. -HiiKliiei,;. ln.f(,r(.
pU'iiMiro ...liitiini.d to bo tlic program
of Mm. Wiirren (i. tlitr.llng tndnj He.
iuinlne within tier liotol suit)' lii i o
sunieil inspection of tho deaigiih nnd tin.
islie.l frockH ninl millinery offer, il by
New YorK inodihtc hlion. 'I'hruiiKliou't
tlic ilny (li'slgncis followed one miotlirr
into the lintel, . iirh nlniust liiildcu lie
liciitli boxes nn. I handles.
'I'lin future "tiret lndj" wns cxtieeled
In break tier Mrltihion t IiIh afternnnii
itill, oo (till Alliiiliilt. rlilo In., !!..( ,l.
'I'll I , ... ...-,. .,,if
ln' I time (iiipriiiuiii'.' nn the street h since
iifrUiiiB here Sumliiji.
Sunn nfter (Inu n, eiiinern men p.iste.l
their niiieliiiio ul everj iloonwi.v lciu.
iui; from tlic hold, anil licRau uuotlier
loni vinll. OtherK Moo.) In tlio lobby
un.l on tlic slilewallfH nwultltif? u cllinpbf
of the (IlslliiKulHtie.l visllor.
E. H. Rollins & Sons
Founded 18711
Investment Bonds
1 121 Chestnut St., Philadelphia
rhone Spruce 6K10
(ojtoii New York Wilkca-liarro
llnUlmore Vhicauo Han Francisco
Concmaugh Power 8s
Itionlon Co., Ltd., 8s
PuriHc Gas & KIcctric 7s
iiitd'nt's Solicited
Investor's Pocket Record
for freo illntrlhutlon. Compiled in
uccoidiinco with tlio Inderal Inconio
Tiijc HcqulrenitntH. f'oiilalna Kx
pctiso, (iiiln nnd 1ihs, lueomo
Monthly Statement, .UdalU'd Informa.
Hon on l'. BoinN, Interest 'ruble
(from '-i up to 101;, ).
Oladly furnlslicd on application.
Geo. A. Huhn & Sons
Members I'hlladf Iphla, N,ny 0Th
and ClilciiKii Mod, l,eliuni;es
1418 Walnut St., Philadelphia
111 Broadway, New York
We have orders and
solicit inquiries in
United Gas Imp. 8b
1923
General Asphalt 8s
1930
Atlantic Hclining ti'2s
1931
Pcnna. Railroad 62s
1936
Pa. Water and Power
Ss1910
All Underlying
Phila. Co. of Pittsburgh
Issues
Moore. Leonard
& Lynch
CUSHMAN NEWHAIiU Mpr.
Bono! Department
1429 Walnut Street
Doaril .Room
Ilitz-Carlton Hotel
Jrem&era
Nw Torlt Philadelphia, Pitts.
Burgh Stick Exchange
(rSServic(7
STOOS
V
DO YOU KNOW
OF ANYBODY
or iniylliliiR of creator or more
llnl impoitau.'o to you than
YOtTILSHM-'?
Your position, jour Interest and
our npportunitleti nu relating to
tho security Investment field nte
dlaetissed broadly ln our upecial
letter of thin week, entitled,
"YOU"
n copy of which will bo ecnt
freo upon reiuent, together with
our 'YKAU-EXD RUVJEW." the
latter being u treatise no the
Keneral econotnlo situation as !
affcctliiB market alueu and the i
poaltlon of tlio Investor tnd
trader,
Milton Heim & Co.
Stocki and Bonds
Foreign Exchange I
llrnih.r. ''t'lliidelphlu Htk. Kit h.
1622 Chestnut Street
rhone.! nell. Bpnire 01)17-4300
lfjtone. Hure 75D
74 llroadiviiy & 4HU fllh Ave,. N. T,
titamford. Conn.
CAPITAL FUNDS
SUPPLIED
To Established, Going Concerns
FOR EXPANSION PURPOSES
5200,000 lo $400,000 Issues
H. A. STONE & COMPANY
Corporation Financing
Widener BIdg., Phila.
ikt aim
8111 HI, 'I
H.OHO, 1 1 ll
1 101 HU
Du Pont Chemical Pfd.
Bought Sold Quoted
Reed A. Morgan & Co.
vl
AJnnltfrH of tin- Villi. hliu'K KxrhanBV
i rn r iiu 4 rum mug., t'ilfla
BANK MAN
tiaineil in Natioiuil Hank and
TrtiHt Company work, with si
years' experience a an executives
ollleur, (lesireb larger opportunity.
Young and ambitious. Interview
invited. References upon reiuieat.
ddrt'hs A 102, Ledger Onit-e
. 11. AAILl.lt
o. IMl'Iux
Sailer & Stevenson
D AM) rtllWTNOT HXS.
BONDS
Tax Free, Yielding 4J4 to 8
Atlantic Refining-Co.
6V2S
IMarch, UKll
Mui-Uet to Net G..")()
free uf I'eiwa. State Tin
Frea of Normal liivume Tnx
Townsend Whelen & Co.
r.05 (hehtnut Street
SltmUer. N. Y A l'l.llj gorU K.cU.um,
Brilliant
Opportunity
for eligible man with seat
on New York Stock Ex
change or means to pur
chase acat, to become a
partner or associate him
self with established bond
house in New York City.
Replies will be treated
confidential. If desired
communication can be
made through personal at
torneys Address J. C. A.,
Post Office Box 372, City
Hall Station, New York
City.
General Motors
Kend for our epecUl letter on this Block.
"20 Payment Plan"
Scott & Stump
Investment Securities
Stock Exchange Building
l'lriLADHLI'IlIA, X'A
ll) i:iliunje l'luce
Wew Tork
GRAIN
PROVISIONSCOTTON
Our Dally Letter Hent on Request
Hughes & Dier
) I'lilhi. f
( I'llthlitir
Mrmben
llourd uf Trnu
ni.hne Kirinn
ine
niucH r.Lii'"i -
irch Mock KM'
U1S Walnut 5-Ai
Ulirure 813 !!
PhlUdelphf.
".Vl, u4 Jjfc4(!,j4,v, ,