' ' ''$3J iir, ''-TfT A? ceKiG WWKwr-ajqiiA U EVENING PUBLIC LEDGERr-tHlLADELPHTA, THUKSDAY, FEBRUARY 3, 1921 20 : Efc" it' m 171 ftL V ff ' tti . . ar k - I ' i ". , !l . M' fed ffl IJ; I My Tax Free in Pennsylvania The United Gas Imp. Co. 8 Coupon 2-Yr. Notes February, 1923 Price on Application jAAGKlEqGO. Member rhlla. Stofk Kichaiu-e Rol Estata Truat BId., PhiU. Walnut 4330 Unce 2945 STOCK PRICES SHOW The Value of Money Present quotations of Liberty Bonds afford perhaps one of tho best indications of how cxpensivo it is for individuals or corporations to obtain funds even for their routine require ments. As all authorities are prophe sying easier money and a3 a natural result lower interest rates, this means that oppor tunities such as the following cannot exist indefinitely. On an investment of $750 In a first mortgage bond, you will receive 550 n year and $1000 in 1042. Other examples will bo given upon request for our special Investor's Letter L-i'7. A. B. Leach & Co., Inc. Investment Securities 115 South Fourth St. Bell Telephone, Lombard 257 a... '3$m IN 5 y I snzTxx'JAJswn BETTERJSISIANCE Atterbury Statement to Labor Board Fails to Disturb Rail Group New Yorlt. Feb. 3. Shortly after noon the stock market nfrntii ran into 0 per cent call money, after an open ing at S per cent. In the morning Vice President Attcrbury's pessimistic state ment concerning railroad operations and the highly nervous manner in which foreign cichange acted had unsettled prices gencrnlly. The fact that no great change followed tho tightening In money rntcs was taken to Indicate that, al though tho market is now entirely on the defensive, nevertheless it bas a re sistance, power that must be reckoned with. The Atterbury declaration to tho la bor board that many railroads are not only not earning now, but have no pros pects of earning their bare operating expenses under the present conditions of operation costs and traffic, failed to greatly disturb prices in the rail group. Northern Pacific, more in an swer to profit taking from yesterday's rise, suffered a 1! point Io.s. Heading was off fractionally. Southern Pacific held firm. Texas Pacific, moving con trary to tlie general current, advanced - points at one time, to 23V4. This move was attributed to pool operations based on the favorable statement re cently made in regard to the road's earning from oil contributions. Tho steels, apparently discounting the long predicted price cutit in the steel industry, all sank to lower levels with the exception of United States Steel, which maintained a good show of firm ness around Its opening price. Crucible gave uay more than 2 points and Ito public and Ilethlehem each lost a point. Ualdwin was olT fractionally. Heavj trading again featured Gen eral Asphalt which, after opening ofT a point, rallied to above t!(l before it pgain went fractionally below Co. Mexican Petroleum declined a point and Hoyal Dutch, under severe selling, lost 2 points. Sinclair moved narrowly. Other oils were weak. Coppers showed little life. In fact, since the announcement that a plan was on foot to take care of tho surplus supply of copper so as to remove them temporarily from the market, tho cop per shares have been decided! inactive. It is reported that copper consumers are following their waiting policy and de laying entering the market, actuated by the belief that prices will come lower. TRADE INDIFFERENT ON LOCAL EXCHANGE NEW YORK STOCK EXCHANGE TRANSACTIONS TO NET 7.40 Tax Refund in Penna. Frtvo of Normal Tax of 20 A 80 yoar 71. H-nt and Ttefundlna Mortgage; Nirvl of an EItrtr1 light anl l"ower rompan A powerful and ab majiagmant Earnlsgs over twlon rbrri. r BATTLES & CO. Established J859 Independent Soware 'Hart fmiiwm mm inuuuJ Cities Service Co. Common Stock Par $100 Earning? of Citiee Service Co. for the 12 months ending November 30, 1020, were $17,334,374.00, equiva lent to $43.61 a ahare. Dividend paid monthly in cash and stock, and are free from normal federal income taxea. For fxxrihtr information write for ct feniar Free on Request BOUREAU & EVANS ifewiberi PhiUvtfiphla Stock Excttaiji 130 South 15th St. Philadelphia Zreot JtS nact StH West Phlla. Office, 7 S. 52d Street Wm. R. White, Manager JAone Tli.m f "II Tight Money and Lack of Out- side Interest Combine to JFeaken List ., ninri' N -n th li Int- Dlv, Satea In 100 100 100 aoo 900 400 8317 100 AM 100 300 100 700 700 8700 290 1400 390 400 104 120 100 1100 100 770 aoo too 700 too 100 700 O00 1300 300 1400 liDO 100 aoo 800 1090 310 110 100 300 1100 100 400 1J0O 100 200 31100 300 100 400 100 1300O 3100 Business on the local stock exchange was slow in getting stnrted today. Not more rtinn a hn'f-rlozen issues, nggre- g less than 1200 shares., came out e first hour, and at no time dur ing the session d'd the market do more than drift along in an indifferent sort "f way. While n number of fartor may bo working ngainst any great activity in th mnrket at the moment, the fnct that brokers are tnking their winter vara tionH. and are untirelv out of touch with the market, and th" further fact I Miat the nubile i not buying specula tlve securities, but for the most part are, rontlntns themselves to the pur chafe of investment issues, bolli loom large as ren-rms for the slump tbot hit me marae- - rue. early days of the week. Addej to this, and possibly having n greater influence than either or both of the other ronrlltionK, is the prent tightness in the money market This eonditlon :i giving some concern to tho hanker, who attribute the present strain o n variety of cau-s, among whl'h nre named heavy demands from tho Wevt, where liquidation Is still go ing on to u greater extent than in the Eat ; the failure of the railroads to collect the moneys claimed by them from the government and the demands mnde on the banks for carrying, over the present depression, a large num ber of their customers. Tho only thing that approximated activity in the list was confined to two or three issues and for the most rart price changes in these were unin- liMttlnp A flnln rf .1 Lt. nnlnt. ,r single i-ale of five hhnres of the Pcnn- ' fyivama sail company marura ttie big gest gain of the day, and a drop of '21? jn Huntington and Ilroad Top, pre. feired, was the limit of declines. He tween these ranges came General As phalt with a point gain : American Stores, which was up a half point nnj i Electric Storage wincli was urn hanged. I The strictly home shares were ir. ' regular, I'nlteil Ons Improvement ti I in fair demand and was marked ip 1 Hotb isvies of Philadelphia Kleetrlo 'were weak, while the traction isue wero unchanged to off. lll.h . Adams express ..... 30 H 0 Advanco Ilumely pt. . 80 .. Air Reduction 38J6 4 AJax Rubber 3JJ .. Alaska Gold Mines... 1 . . Alaska Juneau O M.. 114 .'. Allied Chem & Dye.. 48J .. Allied Chem & Dye pf 02 X Alll. Chalmers 34 !4 7 Allls-Chalmcra pf. ... 70 a Am Agrlo Chem 814 Am Agrlo Chem pf . . . 77 11 Am Beet .Sugar 41'i 10 Am Bosch Magneto... 84V .. Am Can 2IK 7 Am Can pf 88H 12 Am Car & Kdy 121H .. Am Chicle 21i .. Am Cotton Oil 22 DO Am Drug 8yn 6fi Am Kxproaa 1I!4 . . Am Hide ft Leather. . 0 7 Am Hide & Leather pf 43 Am Ice 43 .. Am Internat Corp.... 48 H 3 Am Linseed 88J4 7 Am Linseed pf 88 Am Locomotive 81 J 7 Am Locomotlvo pf...l0!4 .. Am Radiator 170& .. Am Safety Razor.... 8H .. Am Ship & Com ft 4 Am Smelt A Itef 42$ 7 Am Smelt ft nef pf.. 82 3 Am Stect Foundries.. 30 7 Am Sugar Ref 01J'4 7 Am Sugar nef pf. ...107 10 Am Sumatra Tob 7IH 8 Am Tel ft Tol )t 12 Am Tobacco 11814 12 Am Tobacco B 1UH 7 Am Woolen t 7 Am Woolen pf 3ft . Am Zinc Lend & Smlt .. Anaconda Copper .... MM 0 Asso Pry Goods 1st pf 8i Asno Oil 88 Atch Top ft Santa Fo 81 8 Atch Top ft S F pf... 7H . . Atlanta Dlr. ft Atlantlo 814 10 Atl Gulf ft W I S 8 87H Atl Gulf ft W I S S pf 4JJ4 7 Atl Refining 7 pf..lH .. Austin Nlcholaa 11 J 7 Austin Nlcholaa Ino pf 70 7 Baldwin Locomotive . 88 4 .. TtnltlmnrA A Ohln S & 22 ,so Hamsdalo Class B.... 28 200 fl Bethlehem Steel 83H 4300 B Bethlehem Steel B... 88J4 ?00 TlfthUhom !ImI I -- nflDlU .. Booth Fisheries V Burns Bros pf 105 .. Brklyn Rapid Transit 13K . . Brklj-n R T ctfs of dep 8 .. Butte Copper A Zlno 6 .. Butterlck 10K .. Caddo Central O ft R 14H 6 California Packing .. 1 .. California Petroleum . 34 J4 7 California Petrol pf. . 78 2 Cal Zlno ft Lead I 'A 10 Canadian Pacific ....118ft .. Central Leather .... 48 W 7 Central Leather pf . . 80 4 Cerro de Paeo Cop . 28''4 4 Certatn-teed Products. 38U 10 Chandler Motors .... 70 4 Chesapeake 4 Ohio... 8s '4 .. Chicago ft Gt West.. 8'4 .. Chicago ft Gt West pt 16V' .. Chicago Mil ft St P.. 27 .. Chicago Mil ft St P Pf 42K 8 Chicago Northwestern 75 7 Chi ft Northwestern pf!08 .. Chi R I ft Pac 284 .. Chile Copper 124 CO Chlno Copper 22H 8 Clev Cln Chi A Pt L pf 00 0 Cluett Peabody . ... 81 7 Cluett Peabody pf... 88 .. Coca-Cola 21 Vk 3 Colorado Fuel ft Iron 20Jk 4 Col & Southern 1st pf 80 0 Columb Gas ft dea.. 80 1 Col Graphophone ... ll',4 i C'jmp Tab Records . 37" 7 Consolidated Gaa ... 78 3 Consolidated Textiles. 20 .. Continental Candy .. 3H 0 Continental Insurance 68 4 Com Products Ref.. 70 7 Corn Products Ref pflOS ,30 Cosden ft Co IH 8 rruclble Steel 9Hj .. Cuban Cane Sugar... 21 '-i 7 Cuban Cane Sugar pf 04 H 7 Cuban Amer Sugar.. 29 P Delaware ft Hudson.. 101 .. Denver & Rio Grande 24 . Denver ft Rio Gr pf M 1 Dome. Mlncn 12 200 100 1700 COO 800 100 1300 10O 2000 3A0 SK0O 3400 1800 300 2810 too 2810 200 300 100 800 2010 lino too 400 1200 600 1 100 100 200 8200 300 100 100 3600 100 ion 100 12000 400 1800 10O ooo : 8200 600 too 700 300 1010 7300 300 10 600 13)0 200 400 400 100 700 100 000 17000 100 300 100 400 4500 10 too 180 1300 100 300 1100 300 100 800 2300 2100 800 400 2000 100 800 400 100 3100 10 1400 300 10 Eastman Kodak . ...680 6 Hndlcott-Johnson .... 61 ft .. Hrlo 13 V . lle 1st pf lft s Famous Plajcra L. ... 86 8 Famoos Players pf... 70 10 Fit-tier Hodv 85'- .. Hsl Rubber 14 U . lVecport Tex.it 10 . . Gaston Wms ft Wig. . 4 . General Asphalt .... 06ft 0 General Clgr 88H 7 General "?ar pf.... 02 7 General cigar def pf 84 8 General Klectrio ....127' 1 General Motors 14Ti General Motors pf. ... 71 0 Gen Motors deb fl"!.. 68ft Giliiland fill pf 8H 0 Goodrich I) T 40M . Granby nao! M ft M 22M 7 Great Northern pf... 3? . Houston Oil 1? 1 Hupp Motor Car 18 fio Tndlahoma Ref ''4 .. Inspiration Con cop.. 3ft .. Interb Ton Corp 3 . I-terb Con Corp pf.. 134 0 In- Agrlcul Corp pf . . 80) .. In: Mer Marine 1!4 fl Int Mer Marine pf... '0ft .. Interrai Motortruck . 34ft .. International Nickel . 1&X2 .. International Paper .. 38ft 1) 'r.ter Paper pf otpd.. 73 .. Inur-lble Oil Oorp... 24 J .. .r- Products 33 .. Iti.md Oil 4J4 .. l well Tea H 30 li 60 ft 31ft ri 14 47 '4 n?n .13 H 7 64H 70 41ft 63ft 29 83?( ISO 27", 21ft 6ft 126 t (Oft 4.1 43 67 88 81ft 1064 170ft 8 10 41 U 834 30 0 107 78 00 117 114 C3 08 ft 8ft 384 C9ft 07 814 70 V 3ft 61ft 41 100ft 11 70 86 33 20 83 ft 83 let 8 103 13ft 8 4ft 10 14 01 ?a 78 3 118 89 ft 00 27 ft 3ft 61 8S' 8 I8V4 26 41 07 108 28ft 1214 22 ft CO 81 84 20 ft 29 60 CO It 37 'A 78 20 3ft 03 68 103 29 ft 8ft 21 r4 27 100 2 3 12ft 630 CO ft 13 10 63 78 88V4 1i 10 3ft 64'4 3 81ft 84 137 14ft 71 68i 88 10 22 70 70 ft 12 El4 344 4 13 41 14 40 3 ft 13 S 74 ft 24 33 ft 7 TixUy'e Net Cloie Chs. 30- H 60 asft- ft 34 ft 1 1ft.- , 17ft- 1 02 33- 79 - 1 84ft- ft 76 41ft- ft 63ft- ft 20- ft 8i- 120- ft 274- 21ft- 1ft ft 126ft- 1ft ft 4ftft- ft 43 - 1 43 - 3ft 37- 1ft 88-6 81ft- V'4 1064 ft i,oft..H 10- ft 414- U 87ft .. 30 - ft 10 - ft 107 - ft 78- i 9- ft 117 118 ft 68 - 93 ft- ft 8ft- ft 38 ft- '' 88ft 97ft- 1ft 814- 14 79 . . 5ft .. 61- 6 41 - 3ft 199ft - ., llft H 70 86- 1 83 28 ft 82ft- H 88 - 1ft 10 - 1 8 - ft 10) 12 ft 8 4ft- ft 19- ft 14 - 61 - ft 33 - 1 78 - "4 8 - ft, 118ft- 38ft- ft BO - 3 I 27ft- 1 39ft- 4 1 68ft- 1ft 88 ft .. 8 - ft 18 ft .. 28 - ft 41ft- ft 67 - ft 108 - 1 23ft- '4 12ft- ft 22ft- 60-1 81 - 1ft 88 1ft 21ft- ft 20 - ft 60 CO - 11 - 37ft ft 78 28 2- ft 6 68- 1ft 103 ft 79- ft 81ft- 2ft 21 .. 64- 27- ft 100- ft 2 ft 3ft . 12 680 183 04- ft 13 - H lft- ft' 68- 70 - 1 834- 14ft- ft I 16- 3ft- ft f4ft- 1ft 88- ft I 92 1 84 1274 ft Bli 208 300 ZOO 300 1900 1900 200 100 Dlv, In I High Jones Bros Tea 21ft . Kan City Southern... 19ft 4 Kansas City South pf 48 ft 4 Kelly-Sprlngfteld Tire 48 2 Kennccott Copper ... 19 . Keystone T ft R 13 6 Lackawanna Steel ... 63ft 2 Leo Rubber Tiro 20 1300 8.60 Lehigh Valley 82ft 3100 J Loewo Co 16ft 180 .. Loft Corp lift 00 ..'Loose-Wiles Biscuit .. 384 200 12 Lorlllard Tob 136 ft 12.1 7 Lorlllard Tob pf 107 160 7 Loutsvlllo ft Nashville 99 300 7 Manhattan Kiev iruar 63 00 2 Marlln Rockwell 10 88 .. Maxwell Motor 8 200 . Maxwell Mot 1st pf . . 8ft 7 Mav Dent Stares 72 210UO 12 Mexican Petroleum ..180 200 s Miami Copper 18ft 40M 1.60 Middle States Corp.. 1190 5 Mldvale Steel A Ord.. 30 260 ., Minn ft St Louis 11 204 . . Mo Kansas ft Texas.. 2ft 108 .. Mo Kansas ft Texas pf 4 390 .. Missouri Pacific 18ft 300 .. Missouri Paclflo pf... 38 20O 3 Montana Power .... J3ft 10 .. Montgomery Ward .. 13ft 488 a. 80 Nat'onnl Acme 2 600 National Con ft ChIiIc 44 200 7 Nat Knam ft Stamp pf 9 00 .. Nat R of Mex 2d pf 6 79 .. Nev Con Copper 11 880 0 N o Tex ft Mex .... 70 100 10 New YorW At Ttrnlr Ml. " O .New York C.nlral S08 J. bo New York Dock. 3100 100 1700 23910 300 100 100 100 160 1300 10090 1760 6800 6000 400 400 800 1.100 4300 1000 100 1004 100 100 100 100 400 700 600 1400 190 700 8000 300 am '.'00 3000 too 16000 100 1800 1000 100 400 100 3300 100 200 1700 8400 200 3400 13300 700 688 800 700 200 12000 300 3000 100 700 6800 6200 21400 700 71 23 20ft 10 90 87 ft 3 New York N H ft H. . I New York Ont ft W. . 7 N'orolk ft Western.... 7 Northern Pacific 40 Okla Prod ft Rof .. Ontario Silver Mining 8 2 Orpheum Circuit .. 26 .. Paclflo Devel Corp... 18ft 8 Paclflo Gas ft Hlec... 47ft .. Pacific Oil w 1 34ft o Pan-Amer Petrol .... 74ft Pan-Amer B 67ft 0 Pennsylvania R It... 40ft .. Penn Seaboard Steel. 13ft .. Peoples Gas Chicago.. 36ft .. Pore Mannuetto 17ft 3 Philadelphia Co 33ft .. Phillips Pet 27 .. Plercc-Arrow Motor .. 2.1ft .. Pierce Oil 11 Plerco Oil pf 764 a Pitts Coal 69 .. Pittsburgh ft WVa... 28 1 Pond Creek Coal 13ft 8 Pressed Steel Car.... 02 7 Pressed Steel Car pf. 07 4 Pub Serv Corp of N J CO Pullman 107ft 8 Punta Alegre Sugar.. 48ft 4 Puro OH 34 ft 8 Railway Steel Spring. 84ft 1 Ray Con Copper 13 4 Reading 82 5 Reading 1st pf 40ft 5 Reading 2d pf 33 .. Remington Typewriter S3 n Republic Iron ft Steel 64 ft .. Republic Motortruck.. 21 1.20 Royal Dutch N T... CI ft 1 St Joseph Lead 11 .. St Louis San Fran.... 21ft .. St Louis Southwest.. 21ft .. Santa Cecelia Sugar.. 4 . . Saxon Motor 4 ft .. Seaboard Air Lino... ft 8 Senrs-Roebuck 87ft 7 Sears-Roebuck pf ....102 . . Shattuck Arizona Corp 6 .7 Shell Transport 40 .. Sinclair OH 23ft Sloss-ShefT 60 fl Southern Paclflo 80ft .. Southern Pacific rta... 10 .. Southern Rail 22 50 Standanl Oil of N J182 7 Stand Oil of N J pt108 4 Stewart-Warner Speed 31 ft 2 Slromberg Carb 30 7 Studebakcr SAft .. Submarine Boat Corp 8 C Superior Oil Corp 12ft 0 Superior Steel 43 .. Tenn Cop & Cliem... 8ft 8 Tcxaa Co 43 1 Texas ft Pac C ft O.. 33ft . . Texan ft Pacific Third Avenue 100 2.80 Tlmen Squaro Supply. 23 17 10ft 63 0: 200 6 Tobacco Produetn 1800 .. Transcontinental Oil 400 B Transue ft Wms Steel. Oft 4 700 .. Union OH 22ft 1700 10 Union Pacldo 118 00 4 Union Pacltl? pf COft 300 8 United Drug 103 700 li United Fruit 107 2C0O a United Retail Stores.. 84ft "i . . unilcu ; Invest. . COO . . Unit Rwy Invest pf . 1000 BUS Ind Alcohol 331H ..US Food Products.. 7oO ..US Realty ft Imp.. 239U b U S Rubber 100 8 U S Rubber 1st pf . . 300 80 V S Smelt ft Itef . . . 200 3.80 U S Smelt ft Ref pf. 14ft 71 68 ft 8S 40 ft . -70 ft -12 ft- 6ft 34 ft - ft lft4 -80 -34ft r -73 -24 ft 83 - 4ft 7 ft I 1ft. 1 ! 1ft1 2ft , ft' li ft 11! 10ft 21 ft 68 ft 23 ft 47 C8 192ft 34 43 82 ft 110ft 874 38 ft' 100 1 7ft 20 ft 10 118U0 0 U S Steel 300 7 U S Stocl pf 1600 0 Utah Copper 1100 4 Vanadium Corp 100 8 Va-Car Chem pf. ... 2300 1 Vlvndon Inc 800 . . Wabash 231CI .. Wabash pf A 100 . Weber ft Hellbroner . 400 ,. Wells-Fargo Kxpress. O'Jft 600 . . Western Maryland ... 10 180 .. West Maryland 2d pf 17 300 . . Western Paclflo . ... 24 100 6 "Western Paclflo pf... 68 100 7 Western Union Tel... h3ft 100 7 "Westlnghouse A Brake 04ft 1690 4 Westlnghouse C ft M 45 300 .. Wheeling ft L K 0 000 .. "Wheeling ft L n pf . . 10 1000 4 White Motor 800 .. Whlto OH Corp 13700 1 Willys. Overland .... 1200 . . Willys-Overland pf . 310 8 Woolworth F W 700 d Worthlngton Pump . 38 ft 13 ft 36 112 8ft IOW 21 ft 18 ft 43ft 48ft 19ft 13 82ft 20 31 10 "ft 30 136 167 09 81 9 6ft 8ft 71 163 18ft 43ft S6ft 11 3 4 I8ft 38 ft 63 ft 14 23 ft 4 01 6 10 ft COft 78 70ft 24 ft 10 16 S3 84 3ft 8 26 18ft 7ft 33 ?3ft COft 39 ft 12ft 30 17ft 32 ft 20ft 24 10 "ft 68 28 13 ft 92 87 68 ft 108ft 4ft 3 ft 84 ft 13 80 49 5 J ft 33 04 21 69 11 iOIi 24 ft 1 6ft 84 ft 102 C 38 ft 22 60 96ft 18 21 182ft 108 31ft 33 80 8 lift 43 84 434 32 21ft 17 10ft C3 0 40ft 23 118 66ft 1011.4 103 15 3ft 104 21ft 417 22 47 C7ft 103ft 33 43 81 1111-4 33 ft 35 100 0ft 7 10ft 10 62 9 "M 23 08 83ft 84ft 4ft Oft 13 37 14 7 33ft "1 47ft 1 Today's Net Close Chie. 21ft 18W-8ft-48ft-19ft-13 -82ft- 20 62 10ft- ft lift- ft 39 - 2 136 8 107 4 89- ft 83 2 li ft ft lft ft li PRICES ON T HE CURB MOVE IRREGULARLY 0 8 8ft . 71 - 163ft- 2 184- 134-30ft-11 - 2 4- 184- 38 ft- 83ft- - 23 ft- 4 0t 2 3 10ft- ft 70 79 - 1 70ft- 24ft .. 10- 10 ft 08-1 84- 3ft 3ft- it 8 -26-18ft-47ft ft-06ft-40ft-12ft-36 -17ft 32ft-20-24 -10- 76ft 68 -28 13ft 97 60 108 ft-44ft-34 ft 84 ft 18 -Cft-21 - 69 -11 tOft 2 ft 3- 4 6ft- 88- 102 0 -93ft-18-21-162ft -108ft-31ft 8ft-11ft-43 - 8ft 42 ft 33 -22 t 17 J n - 0ft 22 -118- Oflft 101ft 103 63ft 104 - -I ft - 07 -22-47 67 ft- 102- 33- 43 .. MH- 110ft ft lft 48 - ft 33 ft- ft 100 -f i2 ft 14 2 ft ft 3ft Littlo Business in Standard Oils and Only Small Changes in Independents New York, l'cb. 3. Tho market on the Broad street curb today was ir regular, both In tone and price move ments. United States Ship Corporation was steady, selling at 1 to 1, nnd British-American Tobacco Corporation was in fair demand, a moderate nmount of business being transacted at 13' and 13. Durant Motors, after its sharp nil- vanco yesterday, was again in demand, ranging from 18V to 18, but the movement only expressed the disposi tion of those concerned in its organi zation to mark Its price at a high level. Sweets Co. was under increased pressure, declining to '2, a new low for recent trading. Tho Columbia group nctcd in a disappointing manner, Carlb Syndicate and Columbia Em erald both being In supply. Maxwell Chalmers II wns steady, selling at 10. Intercontinental Hubbcr also showed a steady tone, with sales at 1014 . There was little buBlnesR in. the Standard Oils and only small changes were recorded in the independent oils. Nearly all this group wag affected by the further reductions in the price of crudo oil nnd showed fractional Iobscs. Kkelly dropped from 7 to 7, nnd Simms was traded In at 7 to 7. In ternational Petroleum sold at 10 to 15. Mining stocks were unsettled, sev eral of tho issues that bad been btrotig nnd had moved up sharply recently sustaining severe losses, one of them, lloston-Montana, having a violent break around midday. 1NDUSTIIIALH Hhrti Lov Arm I'oal I ' Ilrlt-Amrr Tot) coud IBS 134 Columbia Kmorald nvj tl'i Duran. Motors 18 1HM, Kartell Coal 1(1 10 Ha.tiea Knlttlnit "A" 1(14 164 ltalns Knlttln "n" IS IS H&lnt-H Knitting pref .... 07 97 Imperial Tobacco 9 0 jntor llubber 10'4 10'i Max Cham "H" in in l'arfectlon Tlra 1)1 14 Hadlo Cora -i Iladlo Com pref a "4 2 Swtetn Co 2 H 2 U S hhlo Corn IS l'l U S Steamship IS llI ftTANDAHU OILS Anxlo.Amor Oil 184 INDEriSTOKNT OILS Alll'd 0)1 -. . Uoon Oil lloainn Ws-omlns; Carlo Byn Carlh Kjn Tran Cities Serpen '-n' Columbia 9yn ... Cue hi as Tela . . . nenny on Ila 13 14 OS 1.30 IS. in lR'i 1.1 07 9 ion ia is 2 I'i i'i ctfa Klk ln Pt Knstnxers Tetrolfuni Federal Ull OI nrock Oil Guffey OUIeipta Hudson Oil inter Petroleum M.rCAlho Oil il-rtlf. Oil Mexico oil Morten ret Noble Omar Oil Producer A He flnera . . lied Hock Oil IS 211 S a 1 7N 1A, 2'i 23 S in 10 1 ft 1 ''4 ft ft 1ft " ft 1' T-10ft-10 - r.i Oft - 17 M 68 - '4 8Sft- 01 ft- ft ft- lft 9'- ft 10 - JJ 37,- 14 - 1, 7ft- ft 33- m 111ft- lft 17ft- .1 . 2. . . r. .. ii Ityan Com It fait Crel (new) 0"i Simms I'ot TS Pkelly Oil 7S Tex Ken 1 I'n TexnM Oil A Victoria Oil (now) ... .1 Y Oil ' MIX1NO Alarka-Ilr Columbia .... . Atlanta. - 1 Mb Ledt'i S llontli A IIOKtnn A Montana. na Cnl-d Mlnlnif HI I'undelnrU M is Com Vlrelnlu 4Vj Corte Silver 73 Crerecn Gold I Crerent MeNamara . ..12 Dundeo Arltona. l' Bl Salvador i' Emma Silver 3 Eureka C'roeaus M" KureKa Holly Ill Uold Cona 8 Hold Dm-el - CVoldlleld llnrenctl 31 Gold Keuana I (JoM Silver Pie!. Oold Zone -1 Great Pend - Herln Mlnlnu - Iron fllnftHifm ...... jumto Extension ft1 Knox DHIdo MacXamaru 1 Marsh Minlni; " Mothar Iod 0:1 Mother Lode (nw) S Murray Moi; TO North Star 0 uphlr Silver S 1 'r lne Con ,' l.e.l Warrior ", Ilex Cona 0li ltocheter Mlnea . . . . n t-ati Toy Plher Klnir Divide :i Fo Amer I' A O '.S Sucri-s Mtnlntf . . . 'J . Tonoi4l llelmont .... TonoiMh Cntt lloy . . . Tonop-ih Dlvldo .... Tnnooah Kxtvnslon . Tonopnli Jim llutler . Tcnopah Midway . . . I'onopah Mlnlnsr . . . TonoDnh MIZDah Tr.nonnh 1ontana 7 Tonopnn iteacua liuia .... - tl H Cont UH t'nltwl Kjiatern 2' victory " Wet Knd Con 1 wnite capi WllWrt 3 IIONDS IS 14 1H ,? 2114 : IS 23 1?I ii to 2S IS 1 11 ?!? 7S 1 i s 4 n lit is S 04 tl 12 IS S :i on 1U SAFE PROFITABLE INVESTMENTS Atlantic Refining Co. 10-ycar bVico Gold Debentures at market, to yield over dVz7 Free Penna. Four Mills Tax TRerJmondfila. A COilBlSATIOX OF FRAZIER & CO. AND REDMOND & CO. Philadelphia Broad and Sansom Sts. Now York Washington Baltimore Pittsburgh V 15 in ns 17 2ns 3S ds 25 S 15 1SS 12 H IS t' U 2S 4 IS 11 US 7S 7S 1 i H fin in 1R 4S 73 1 1J IS 3 in We have orders and solicit inquiries in United Gas Imp. 8s 1923 General Asphalt 8s 1930 Atlantic Refining G'js 1931 Penna. Railroad 6 'is 1936 Pa. Water and Power 5s 1940 All Underlying Phlla. Co. of Pittsburgh Issues Moore. Leonard & Lynch CUSHMAN NEWHALU Ufr. llontt Department 1429 Walnut Street Board Room , Ritz-Cnrlton Hotel if embers New York Philadelphia A Plttf burh Btnek Exchangta IS IS 4S 1 lr ." s 13 17 I .is IN u 1f IS S 8 IS IS 1 ,. 1 1. IT 17 1.1 11 1 .' 1 .'. li) in Portland Ry., Light & Power Co. Fint Si, 1942 Caddo Oil & Refining Co. Firat 6., 1927 Portland Ry.t Light & Power Co. 6 Fint Perferrcd Stock . LAMUUUI Urmftr AVw York and VhiiaUt'i Btwh Stchangtt 321 Chitiiut St., Philadelphia Philadelphia Slocks J ih no Am Mrs . ."U 20tAm Tl & Tel... 00 , 120 HlecStor 101 ." fien Asph !0 rS, Hun & II T prpf.. 20 rr. I r N a 7i '." I.ko Sun M... noi.oh Vol. flfJ .S10 Pa It It. -10 '-i n Pa Salt . 70 70 Phila Him prf nS'i .Jl 01 W)TS vin-, I'm1! KM 0't 00 S' . .V " 10 70 Ml '.'0 -H- LIVESTOCK QUOTATIONS rhlrri. Ib n ' ATTI.B Hfcclcta. 0000 1 hail. Href '.-m. nctoiiily u aironi apoia hlnhar in hMpulii: ari-ount. Early top. IH OOi Hulk II12J huftur utock I"--JtUL' Heady; d-j'k wwh ana n-u"v " " " ainra uirl m.n moatlv HOtlj. J.'S hmvy l.loara bu. J5 SO. !"!. ll.TBO 5.M tf. h-i ". fit bulla. 16.60! ealvta ati-aijy llht v..i'm alov tiest aljlTOlnil ealva. I1J to (Ml vcalers. UWll.50l atockara r' . ' -ail. 11CXJS- It.-. ih 43 noo hcad. Fairly j-llv.: laru-li Hi to ISo hlhr tnan yn- t.rdav'a avr Top. 110. HO- WJ.l.K. clu. - '.a Commodity Markets -l m sia-. y2 M Amer. Gas & Elec. Com. & Pfd. Pennsylvania It. R. 6 'is, 193S Rochester Ry. & LU 5s, 195 1 B0ENNING.GARRIS0N &C0, HTOCK KXC1IA.NOE nt'II-DlNQ Ptrrtt Ir1at TcleplMna to New yorfc Membtra l'hlla. Utnrk Ktchani .!. BAlUtU c a. i-Arroa Sailer & Stevenson I SO AND rUKSTTNUT BT. BONDS TX Free. Yleldlne ii to 8A lO'-i- 15 70 -MVi U Phil KIl-c J2- 221,1 irji i - i 12t lo pref. 27i 27 Vi 27 .. 512 I'IiIIbRT 171 l 17'-j 1 Xi PhllnTrac Tm ."m r..r . . ' 7M T' i I.. ntVj .T't'-i .T1H - iJ 13 Wost ('. SO SO VO -2 st rhantf made by rnrnprion with last nt. a n .nw xorn !' ttcnarr. hix I lUI.VDh V. lluOO "If" 1W '' chi. 1 Hell Trl 7s. 102 102 102 -rt 1 Iz-hlKh Vnl ftrn -is ... 71 1 1 1 1 . , 12 Lib Ilomis 2.1 'I'ih .. fi(I.n2 fifl.Wl 80.(50 f 00 15 :tr 4'i . P0.02 H9.(W M024- H4 4(1 7-10 1th 4ViS 87 10 M.00 S7.10 f- .(12 oa-nvif ii(b. U7. 07.H 117.20 -.02 13 Pentin Co fli,s . . . 00 00 00a;,.. 1 l'hlla lilec lai .in. . . ni'i P 1U.1' DUI. " Kounda n1 u" ft) M)1t0 5i plKa. lOo to 16? hlhr t,. JtsirublB. 00 to 120 pounda. id MJM0 10 HHEEt' Ili-"ti'i Ift.000 ha4, Orwnln inw. 2'r in i lowir on all M lln olaaaeai hulV far lamb" ISflB 25. bulk, fa 13 673 40 at awta. HOOfl nlptj. Hravtaa tsoiui 2ncad'c g 4s 81 Vi 2 WeUbach 5a 03 81 14 03 R4V.- 81 U. 03 H Plttabnrgh. lrb 3 hfavy an) .lt.t yor'.ara ana pl, llO.iaw HHF.KP AND T.AMnS Il'calpta, BJO head. Steady T ,p hheep 18; top lmha. " CAI.VKS -Ilerlpt. 276. Stead'. TOP. 118. r.at Ilnft-nln V V.. Keb 8 ClA.TTt.1 Rer.lp.. l7 l.ad luill ,-''v"- rtealots P..'1 ..S,".' tS?.lS.'50V.. H...dv. iiriiri K.rf nin. ..". ...Lr-.. .-. inonoj, nrtcd n.i n damper ntrainst pur chasing by tho public There was nn demand tor export in evidence The inquiry iroin nilllcru was lulr, mohtly New York, Feb. 3.-Tho tnltnn V, , ,U,eP- owning ., nu.te heavy this morn,.,,;, j , "? VSTrlM V?.V.e with llrbt prices 17 to S3 points net j ho makini; offors In Kurope nt about H COTTON MARKET Vork, Feb. 3. Tho :s '. 1 it iT' 17 (1 6't SS 4fl e s ,A KS r II S i' IS Ui 17 i:i 1A 10 7 "'1 n r 1 j 04 Ar.ai'onda 7a Anclo Amor Oil "Se . Armour Co "a Amer Aarl Chem 7Sa Ileth Stetl 7a 1H23 . Cerro da Tuaro ha Diamond Match 7Sa Umnlra I'uel Ila. 10J4. Kmpira rue , 1021 0."iV4 (,aiuna a vi Hnln: Co 7a 07 honnicon lop la ii-u MorrlB 7So U7'5 !l 1 Ti U'lTS 07S . O'JS .mis . 10J hlMi o.i s now ions iws loos l."TB imi-i wn- iilZ .. i,.il i'i y 1 -a 2W 021, 10.1S 103V 1011a 101J 05 03S IMH 07S THE OIL INDUSTRY and 1 even I of (he most prominent oil companies are ducuued in the current iisut of The Kardos & Burke Review Read by invutor and busujes men throughout the country Copy will bo rent ITlllli uin royucat Inr No. 135 Kardos 8C Burke STOCKS AND BONDS 1424WalnutSt.,Philadclphia New Yoik Pitliburjh Chlcaco Ualtimorc Duect Private Cirtj Service and Stability Safely and Wisely handling an cstato de mands experience nnd calls for tho solving of prob lems that one should hesi tate about leaving to the discretion of an individaul. This Company operates perpetually, is never bick, is never too busy and never takes u vacation. It has no selfish interests and is absolutely impartial. Our Officers are always at hnnd to meet every respon sibility, and may bo con sulted at any time. Integrity Trust Company Fourth and Green Streets Capital Surplus & Profit . $500,000 .$1,770,000 Well established wholesale coal house is in want of a sales man, one who is well acquainted with users of bituminous coal in Philadelphia and vicinity. C 929, Ledger Oflicc ROCK ISLAND spans the rich, Indus trial farming and oil districts of the central west like the extended fingers of a giant hand. Reorganized on a sound basis well diversified traffic map analysis future other fea tures in Ask for a copy PASS MARKET OPINION FEINBLATT & CO. Membtrt of thi PMladitphla Stock Exch&nu 139 South 15th St. Philadelphia Ploiti; Bill Spract 77 Ktnaa tttt 1101 Charles Jaclcrl, Manager Direct Prlcati Wltti la R. H. MacM ASTERS &C0. itembirt ContoUdatr-d Stock Exe. a.V.l 82-84 Broad St. New York lowf.-. Wcuk cable, with very ntui inlbtic Manchester adrlcea, cauntd con ilderable local selling, to vrhkli wan added pressure from Bpot houses nnd Liverpool, this being partly absorbed by Wall utreet nnd the Houth. Little change occurred from opening levels for the fint fifteen minutes, and uio unaerione wns unsettled, witb sen- nnd tho only market for it is in tl.i nit timent Incllaed to be bearish on the whore enrrii continue Wl.l ,,,? ' i......: .. " "!. rents uniii-r American prices. ( orn followed the trend of wheat. Local operators bought nt the outn't, but the drop in whent senred thrm into unlondmK iorn, (lood support wns furnished on tho break. Tho cash nit. , lint on was easier. Tho cah nrticlo Ih imiuii? nc n uig discount under futurei, Manchester situation lleporU of an easier spot basis led to renewed selling In the early nfter- iioon, tho market breaking to new low Mirt'hases nt clinrge. profitable carrying Comnilhsion houes wero on the sell- inr mrift tl llm na n t Kn !...? ground for tho day and movoment, w th ' '" ,." , """V . "" ,'"v"1 ui"'r March touching 13.20. Later months ,renk. U,0i.ini,"rkirt BO'H, M'PP?rt ?n continued relatively steady. Thetewns, " V iV ,'mI,r,Tm",U in ,h,e comparatively little southern sellliic. X IT. ,l r.d,K!?' f-.r "!B v'"' no,01' """' "" nL in in mi. nnfvithit(nn(llri(p tho ilpnllnlntr tinttlu Kinorts uKirccuted 10.001 b'Ues. In- x,.,-ilt" vnriTn ant iiiht it" on. 2bs,ii.bo1 pijii. eluding 0C1 to the Continent nml 'J;M) Mm 011 ss rnuht n i!Vuc'?o?S0 cood I to Japan nnd China.. Total eiportN for ' heTnSS -5U"Tp-'' C0,! the season thus far have bee,, 3 ulj. .110 bales, compared with 3,h(I7,7rl . "a RiVhi I bales for ,He corresponding period Inst 'Vv Kant Ht. Ioiiia. V;t 8. ""'" "-' ".!. 'j 1... ,!... ait ' season. i SPECIALGEARS A(?ME GEAR CO. N.TV.Cor. 7th & Wood Sts, PhiU. French Bank Statement I'nrti, Ken. 3 Th weekly statement of tha Hank of Franca ehowii the fol lowing changes Oold In hand, In creased 18(000 francs: silver In hand Increased 179.000 francs; notes In cir culation, Increaaed 202.SI3.000 franca; treasury deposits, Increaaed 11,317,000 franca; general deposits. Increased 210,0(2,000 francs; bill discounted. In creased 349. 043. 000 francs; advances, yancwj to tho etaU 309000,000 francs. futnAriv e.r IT TiO. ner ,- - afeijy'n'noSih -ale. iWOt. bulk; vaal ' ...i.. Siw. lo t.lo luwar TOP, 112-251 DUlK. Ill SOtt IS March . HfiOH -IlIPta 13.000 heal- Aeilv8 ,' an" SB? waaiMhlah;r:B Jjlvanw en IhrMsi Jul . . . . l,.vv .iiid tnD $10 SO on lliant miaen i ucvouar t.f.7...",,n';n t nn lino wundara; hulk , December I i),t .nd mortium. 10 7R10 0: bulk haavlea. Frriinus Ctoi.4 Open ..1.1 hi 18.60 14 IT IS SO 14.43 14 20 14. S3 14 SO 14 Pork "IB!Mft,d- IH RI "' fiwn 1 till a: 07 41 42i Pit. Hiah low rioee 11. 1 42Vl 1 41 fill, 117 41. 12 li US'. tru, tl'. 044 4IV4 18.73 1 mu- 14, J i 80 14 It I11 14.05 is :o .12 11 2J 30 12 .10 13 17 22.40 13 20 1.' 10 Nat leather Sa Heara UoetiucU 7a, 102 ninniair 7a .. . Huuthweet Hell 7" . . S O of Calif 7a. H t N T 7n. IS'JO . H 'JvN Y 7a 1030.. H ot; Y 7i lllJI.. Va-Caro I'hem 74 a . Wentern Uler 7j . . . City uf Ileraen Sa . 01 . till . on. . OO'-j .1014 .1U!, 02U 07S 0.V? Pt 01 0!4 0S 074 02U 074 P51 OS 01 004 initi mis .1UI-. Kin. JOHi .1024 102 1024 .mi, loa'l lonu . 01'a 0.141 o.nl . nn, tma; n? lia-N n,l ) 03 Conservative Investments Yldillnt 6 to 8 MacMcekin & Williamson linOAn AND MN'HOM 8TS. Kiirtlieaat Comer Membrra I'lillu. htk liehanjo l 1 ta .-sesana. III 14J IIIU'1UII( T" ' - , ' !. A...a IS2RB0SO anrt movln alow : tjaeUar aowa leartv nltri 2Ko hlhn 'luallty ood; vlr tu.ny everythlns In and .oi: e.-altlnr fra.h arrtvala. ....... t. i. p.rw h.ajl fllov. fra.h rA-elpia In and no early aaleal aaklnii eteady on hold-over lamba, noinina ei here BANK CLEARINGS nank rlearlnai today, compared with cor- reepcrelina- a latt two yaarsi . i av ,aa, inin lam ?? ..m an wm. .a. vat isni rhlla . iTn,4Tn,nzD aj,au,i.j sj'isi'rc. I noatnn. SB BSI1 60J M.440.J4R Sl.ysn.f.'ttJ M Yk 743 SO,70rl BSS.70S.IW) 038,039,tU I f'aJtlmora 1 4 Mf.m a.'I5'gI2 I C.tilcaao. 03.2M.3T lOO.iW'Ss? ' St. icul S1.8M.670 Sl.7i.St .-. I GRAIN MARKET Chirneo. Feb. 3. Keenly refleetinir No! tho need of a renl Incentive for buying, tne wneat marKet toaay sunered nnotner severe sinking spell, dropping Into new low ground on the crop. Aftor some Irregularity tho market displayed firm ness early, encountering local buying. The upturn uncovered heavy selling by eastern interests, mostly for lone account. Thin nrftignt out further liquidation on stop-loss orders. Shorts took profits on the slump. Economic conditions, includlnj t'sbt rates for ; Credits Planned for Dunlop Rubber London, Ken 3 In a letter to Rlmre holders the secretary o' tho Dunlop Rub ber Co., Ltd., hns nnnounced that the company has rouirht nsHlatiincc from eastern bankers through the llrltlah Foreign and Colonial Corporation. The neoeasary credit have been nrranred, pending a permnnent form of financing Tho company enn meet nil engagements, It was atated, The crisis In the finan cial world has rendered tha financing of the Dunlop-Amerloan Co. impossible, so the Knirllsh company has assumed the responsibility for It, an the position of nan conipnny nua utan aaic. the IftiK guarded through tho pany's assets, American com- FOREIGN EXCHANGE New York. Tob, 3 Tho foreign ex chango ninrket opened weuk this morn ing, stiTlIm; beinif down IH, nt 3.83 i for demand and 3.84 5U for enhin nnn frano cables being down 13 txjlnts, at 7.04, checks wero 7.03 U. Uro also mrao lower at i r,i ror aibles and 3.62V. for checks Other Quotations were .iinrun i oi , nwitfl cjwies lli 05. Checks 18.02; jrullder rabies 33.90, checks 33.80; peseta oables 3.!)7, checks 13 9S : MorKtiolm c-nbles 22 00, checks 2190; Chrlstlunla cables 18 40, checkn 18 30; Copenhagen rubles 19 20. checks 19 10 Tho premium on New York exchange in Montreal today ,ih Hteady at 12 per cent. Thu discount on Canadian funds In New York v.i 10 cr cent, Tn the last hour tlin market was In active and th tonn continued steady without appreciable chance In ratim Sterling held at nliout 3.85 for oiIiIbh and 3.8 Hi for dem.inil Frano cables wero 7.06, checkn 7 0BH; Uro cables 3 C5. chrckH 3 Cm : Helclan enhlB 7 in checks 7 3U',i; marks 1.60. Tho central uurapean exchangtH wore pomlnai tin tfollows' Hiunnnla, 1.40 Ccecho-Hlovnkla, 127; Jugo-HliiMa' .72; Serbia, 2 93; Vienna, .18"; l'oland' .14 ; FlnUuul, 3 CO. " " '' YEHTi;itl)AY'H TIVAI, CJUOTATrONH . fiicj"Pe 1'ranca l.lra aulldem Demand .. .. 8S4S 7 2n a (is is In Cablea . . . . 8 8SH 7 22 a (17 33 ()" TODAVH OI'KNINO gi'OrATIONH a sal tJ!?ic" i'T.?, Oulldera S.HtlH 7 ()3'a H (IIHa q Ian - U.844J 7 04 0 03 9'0 NOON QUOTATIONS ...SaMM" Ou'ld.r. ... S.S54 7.00 B.03 CL08INQ qfOTATIONflT Demand Cablea , Ca mand blt Demand Cabin .8511 7.00 NCI QUOTA Blerllnv Kranca I.Ira Oulldera .H44. 7,117 a. nt v k R 8.8ft 7W 8,00 o'SiSS Penna. R. R. 6J.s, 1936 Phila. Sub. G. &E. 5s, 1960 Philn. & Garretsfd 5s, 1955 General Asphalt 8s, 1930 Danish Mun. 8a, 1946 Kentucky Trac. & Ter. 5a, 195 1 U.G.I. 8s. 1923 E. G. Budd Pref. iuat ai Land Tuu DU ,t0 4I New York Til. Connection. Canal ,8( GET THIS B00K'a Free! A clear, conrlie analysts of lnietmnl prlntlplea written In almplo noateb dlcal Innsuage li corered In oar o bound booklet, eutlUed ash for a copi-IMO SALARIED PEOPLE TREASURER AdTertlaer, wbo bna held pniltloii of Treasurer for u nuinlirr of )rrn of u ror porntlon diilna u liimlneat of fle in seven mlillona n iiuully, now aeek, ,w con. nrellnii. Compelent to take entire rburKn of Dnnnrea, Br. enuntlnr. rrerilL Hl.d roller, tlona nr aeneral munugmenl. llerord rlenn. Ileet nf ImnU Inj, biialnrta ami perianal raferanee., All eorreapond enre rnllileiitH. Addre.a Treaaurer, V. (, Ilox 189,', Moore, Swartr, Hindle & Clark ACCOUNTANTS. Income Tat Coil SyiUsn AsJHi . Surura 1777 . IIKEU nmr t.( " eVUl GUTHRIE & McGOVERN Iterabtra ridla. Slotk Exehanf 1430 Saalh Teno 8a.. rhlla. Brrsra S4I8 Rat 101 Ktw York St Dro4" w Investments Baker. Ayling & Youg JOSErn VT. WAW, Jr., Maaas Und THU Bldg. Do. ton Fblladalplila
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