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EVENING PUBLIC ' LEDGEB-PHILADELPHIA", x TUESDAY, EBRTJAfttf 8, ' 1021
18
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How to Pick Worry
Proof Investments
A BOOKLET which an1yios
the investment field today,
and shows how to select the
best worry-proof Investments
now avnllnble, has been pub
lished by S. W. Straus & Co.
the House with the record of
39 years without a dollar's
loss.
This booklet "Common Sense
in Investing Money" will be
sent on request. Write for it
today. Ask for
BOOKLET 632-Q
SWSTRAUS &CO.
Stock Exchange Building
Philadelphia
Trhfihone Svnice 5618
39 years without loa
to anv investor
Cenrlnht. lll tiy 8 TT StrnuJ 4 C.
Confidence in
Canada's Bonds
The steady Incvose in sav
ings deposi'.1-- reported by
banks in fnnada is proof
positive of the thriftiness and
stability of the people of that
country. Th's outstanding
characteristic of the Canadian
people insnirps the confidence
of inves'ors throughout the
United States, both private
and instU''onal, in the secu
rity underlying Canadian Gov
ernment P'ovin.ial nnd Mu
nicipal Bonds.
Wo now oTer bonds of this
cla;s to yield from
1 a
D720
to 7'27o
Principal and Interna pnynbte
In I'nlted States Funds.
Full particular P-29 o reqvrtt,
Wood,Gundy & Co.
Inrornorateil
14 Wall Street, New York
Toronto Wlnnlpei
TREND IN STOCKS
10 HIGHERLEVELS
Market Shows Recuperative
Power of Varying Degree.
General Motors in Demand
NEW YORK STOCK EXCHANGE TRANSACTIONS
trillion. V.nt.
Montr nil
New York. Feb. 8. Knrlv trndlns
wni of n very desultory rhnrnrter,
thoii;h Mich price- movement n there
were Inillrntril n trend upward. Storks
tlint were notlrenbly under pressure
yesterday. thN mornlnc showed re
I'tiprrntlve powers of varying decree.
(Senernl Motor, in which more than
fifty thntinnil shares were trndril In
yesterday, was in pood demand this
rnomlne and quickly rose from lt
opening of 1.1 to 14-,. It was said
tlint tlie present liquidation tn this
Immip tint) at last run its present course,
Ilnynl Duteli nnd Mexican Petroleum,
which have suffered the brunt of the at
tack on the oils, were each up about
II points. These were nit natural
reactions and possessed no unusual
Hisnlllcnnce.
The failure of the House to pass the
Wlnslow Mil yesterday, which permits
partial payments to the railroads, did
not exert any particular influence on
the rails today. This might be explained
by the fact that Wnshlnptou dlspatehen
tated that the bill would (time up I"
the House again today under a rule
clvlnc It right of way.
Much Interest was attached to trad
ing In Southern Pacific which today
-old ex rlehtx. The stock closed Jes-
terdav at '.17 Vs and opened this morning
at H-. the right sold around IN'4..
Pacific Oil was unchanged. The
mils generally shared In the general las
situde of the market.
l'hi re was no fresh news to explain
these advances, but conditions regard
ing the (lerman reparation question,
and partlcularl the ('mil stand that
France will take In the matter, are so
much n matter of conjecture that the
situation naturally lends Itself to specu
lation in foreign exchnnge. I'ndoubtcdly
this is now the controlling Influence In
that market.
Close to Sl.TO.OOO.OOO new financing
is expected to come into the market this
week and until this is consummated
there seems little likelihood of money
rates working lower.
LOCAL LIST IS QUIET;
PRICE CHANGES FEW
Salt
11)0
ins
lot
too
304
40
tsna
l
lot
too
too
too
700
son
coo
100
TOO
1100
Tion
.10(1
400
TOO
100
too
ao)
It
300
too
too
300
too
lot
1700
1S"0
rtno
100
t)lv.
In I
4
Itlth
Max Rubber MM
Allltd Chert & Dye... 4RK
.. Allied Chem A Oyo pf OIU
4 AlllB.Chalmera 34V4
Am Aerie Chem 84 H
n Am Peet Sugar 4il'4
. . Am Can 30 ?
7 Am Can pf Hfl'i
It Am Car FMy ltl?(
. . Am Ctton Oil 23H
. . Am Drug Syn....,(.. H
. . Am Hide leather. . SJ4
7 Arq Hide Leather pf 3H
. . Am Inlernat Corn... 44
Linseed A7V
locomotive ..... (?
Ship & Com 10
Steel Foundries.. 2
Sugar Iter 10
Sucar 1W Pf 10JV4
Am Sumatra Ton 7li
Am Tet ft Tel 0
Am Tobacco 110)4
Am Tobacco II IIC4
Am Woolen fH
Am Writing Paper pf. 34
Anaconda Copper ... 3SW
Asso lry Hoods 4'
Asso Pry uoods lstpf SO
As.o Oil
Atch Top ,4; Santa Fe.
Atch Top S F pf. .,
Atl Ouir A W I S 8...
Baldwin Locomottvo .
Haltlmore ft Ohio. ...
Haltlmore ft Ohio nf..
3 Am
fl Am
Am
Am
Am
Am
S
7
7
10
S
It
It
7
4
S
10
7
100 t.SO DarniJale Clas 11.
300
001
too
too
too
00
tot
too
319
100
1100
10A
10A
400
too
too
too
lot
0t 1
300
1100
too
300
sot
t03t
100
1300
lot
300
1090
OH
S1K
7R X
(3i
R754
4H
36
8V-
8 Ilethlehem Steel n
S nethteh-m Steel 1 nflltVu
.. Uooth Fisheries Vi
.. HrKlyn lUpId Transit 13K
. . Butte CoplKT A Zlno. . iti
. . Caddo Central O ft U. 14
6 California Packlnc .. B
.. California Petroleum. 3'li
10 Canadian Paclflc ....lit
. . Central tjenthcr 4(1
4 Cerrti At Pasco Cop.. tsH
10 Chandler Moton .... 70
4 Chesapeake ft Ohio... 4SVJ
.. Chi ft t: 111 pf ctf.s... 6H
.. Ch'cago Mil ft St P.. H
.. Chicago Mil A St P pf 41 H
.. Chi It 1 A Pac 10
Chile Copper ItU
.so Chlno Copix-r
7 Cluett Peabody pf...
. . Coca-Cola
. . C01 a Southern
4 Col A So 2d pr
5 Columb (Ins A Flee
1 Col Oraphophone ....
7 Consolidated Cna ....
7 Continental Can ....
. . Continental Candy . .
0 Continental Insurance
4 Com Products Itef. ..
400 t.SO Cosdrn A Co.
Present
Bond Interest
Rates
indicate that prices
of well-secured obli
gations are slowly ad
vancing. Any inde
cision about investing
your funds now may
mean a real loss of
income to you.
Write for circular 7306
which decribes a hU;h
yielding secured obliga
tion of one of the best
companies of is kind in
the United States.
Bonbright & Company
437 Chestnut Street
Philadelphia.
Ntw Torn inicw o
American Stores Only Feature
in Otherwise Dull
Market
Dotton
Detroit
We have orders and
solicit inquiries in
Gulf Oil Corp. 7s
1933
General Asphalt 8h
1930
Caddo Cent Oil &
Kefinini; 6s 1930
Pa. Water and Power
5 s 1940
Atlantic Refininc 6b
1936
Newark Pass. Ity. 5s
1930
Moore, Leonard
& Lynch
CUSHMAtf cJKWHAT.L. Wnr.
I)rnn Drf.nrfmrnl
142V Walnut Stmt
lrio ItiHim
Rltt-Ca.iton Hotel
Jfin.oar
New Tork PMUaelvnU Pltt
burgh lit' ffiiAkMrw
Soo Equip. 6V28
Due 1935
Price on application
PRATT, BREHM & CO.
BOURSE BLDC, PhiU.
Imibard 'i 1 3.1 Main SMI
Today's nes-don on the local utoek
erehance" was extremely dull. There
wan nome demand 'n the earl tradlnc
for ieTeral of the favorite lnues, but
for the most part the llt wan quiet
nnd prices showed litt'e chanRe.
The one redeeming feature In the first
hour of bilslneni wax the jfrcneth
.hnvn by the ahnresi of the Ameriein
Store Co. This stock more than made
up for the recenlon of jesterdny when
the opening transaction of the morVng
va made at MH. an overnlcht Rain
f IVi points. Suhsenuent offers were
napped up at mounting price until
hort v after noon, the price had
reached Titt. and the aegrepate of sales
ran in the nelhborhood of l.'.OO phare.
The recoverv of the -tocl would seem
to Indicate tat the drop 1at nUht, t"
AW, was due to the sell'iiR of small
amounts In a thin market.
There Is little to he said of the re-...-.In.!.,
nf Iip list Pennsvlvanin Hal'-
ro'ad and Phi'nde phin Klectric were the
only other Ihhiics to receive any iiuen
t on. holding about firm.
'rii... u llttl.. Ilkelihooil of any sus
tained nctivitv In the market as lone
as the public continues Its attitude
1 nf disinterestedness nnd the lnrue in
tercut are tmwii'tng 10 ninnc roiumii
ments. The apathy which hus laid hold
on securities can also he ascribed t'
the neutral character nf the news from
da to da and to developments with
out the market.
The announcement that the IteadinB
segregation p'ans were rendv, wiucit
caused a churning ubout of the share
nf the company for a time .sterdav
dues not Neem to have been given very
serious consideration In autlmritatiM
quarters. The intricate financial struc
ture nf the IleadlnK Comnnny. and
the Interlacing of its securities, wake
the early prcxentation of even a pre
liminary nnnmincenient of the plan n
remote possibility. Those In a losl
.... ... iniw rar that an outline; 01
such o plan cannot be offered before
in xt summer and tlint several years ma-dapi-e
Wore a final consummation. In
the meantime, the action of the ttcad ns
flocks suggests n confused state or mlmi
on the part of the speculative puhll
as to the benefits. If any. that will
accrue by any arrangement that ma
be made.
... -. frl.nf lino mllltntprl
, 1)11 Ol J1I-MB H.V "- "
nuamst the railroad group of htockn was
the fal'ure of the House jester; ay to
take come action regarding the Inslow
1,111 The measure would permit M
ment to the railroads of amounts that
have I n certified by the Interstate
Commerce Commission, nnd In view of
the fact that no political out-turn 1-
. t t n.n n m !., t.l 111!
.nvoleu, oannrrn -
derstand the attitude of ( ongresw.
Iltiiid were weak, with no trance-
tionn of any slie. The new Pennslvanln
mi, uii.i .,(T tn ihelr isHiilne price ami
hiladelphla Klectric first .". were off
1. at fP',. Hell Telephone m were
i, a half at 103.
Philadelphia Storks
ssnn
itt
3713
4t
30O
10
100
3)0
120A
ta
11)0
ton
ooo
lot
'00
100
KOI
sea
ninft
I 4A0
310
100
tou
5 too
110
3J0
400
100
too
too
e
too
790
300
ina
100
ns
39
ts
tow
10M
1W
t
tVt
eotf
it
tiyj
80
Crucible Sterl . . .
Crucible Steel pf . .
Cuban Cane Hugar
Cuban Cane Sugar nf
Cuban Amer Sugar.. 29V5
tlavlson Chemical ... Jil-S
Delaware & Hudson.. 9Ji
Denver & Hlo Grande. 1J4
Denver A Hlo Or pf.. 4
Kaalman Kodak .. ,.00
Kmeroon-Ilruntliifr pf. 33(4
Kndlcott-Johnson .... lr
Krle ISri
Krle 1st pf ltt
Federal Mln A gmlt pf
Oaston Wim A Wig.. 3?i
Oeneral AFphnlt fH
General Electric U'V
Oeneral Motors 14 H
Goodrich D F 30
Great Northern pf . . . II
Gulf State Steel 33 t
Hometake Mining .. 40
Houston Oil 0f;
Illlnola Central I. L.. . as;
Inspiration lief 34
Interb Con Corp 4 J'
Intcrb C'nn Corp pf . . . 15
Int Mrr Marine 14
Int Mer Marine pf... 0?;
Internntlunnl Nickel . l.Hi
International Paper .. Ht'i
Invincible Oil Corp... H
Island Ull 't
Jtwel Tea 1
Jones llros Tea J3J
lw
36H
48
01 'A
34 K
HVk
41
?o H
8C
lll!l
J3H
N
an
41
S7V,
ntn
10
30
an
104
nv,
0IH
Mali
HOW
64 H
3S
ssK
ISO
OS
Kl-K
7H H
tt!4
33 V
4014
IS
3H
104H
v
114
4ft
t
f1
:
it
K
70
3HH
7K
IH
20
H
sow
81
K
3t
14
to
10H
70 W
ion
14
ra
ISM
K
eon
At
'.'1
3W
19
MI4
00H
in
4
cot
34 K
01 W
1814
0,4
17
3K
(Ui
17K
Wi
38 J4
75 W
3W
to
'Oh
S8M
34
&
13
14
40K
10
3W
1314
4
7
13 Yi
Nrt
Chr.
H
1:30
lASt
30H
4R -MW
44
14ft
43 -30J4
8 -I1IM
tH
n-
4314
43 T!'t
-
101 -
78 V-
oM
um ..
llV
04H
u
asft-
J4W
0 OS
slM-
7CH
CS14-
87ft
33V4
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I
JStt .
1MW
ft
1314-
4T4-
13
:ov,
f v,
J
40
:a
70
AH J4
14
4I
t
lt'4
tt
At
70H
30
41
ow .
10H .
70 W-
o?4-
2H
to
K
80
it
ei
30
3314-
00J4-1?4-4W
00
sin-
m
3W
1054
37
3K
I4J 117 W
14 4
38 -78
33 ft
30 r.ow
88-
34 -3
-
It
14
30M
13 -
tOW
M-
4ft
7
"ft
w
ft
!4
1
14
'ft
"74
H
1
14
W
W
a
ft
'v.
H
ft
M
ft
W
X
ft
ft
Ji
ft
ft
H
ft
H
X
X
w
4ft
V,
ft
flltr
ttt
1400
300
300
1M 3
lit
Itt
4A0
10
100
3(100
100
1000 1
loot
tnt
too
lot
Mo
too
JIOO
400
31)0
ItOO
30J0
100
100
IA00
1000
tttO
7S0
ttt
3)0
101
100
3JI)
400
100
too
too
110
110
too
700
000
70S
1000
100
too
3110
700
300
I)lr
In I
Itlth
Kan Cltr Southern.. 10
4 Kelly-Springfield Tiro 4tft
t Ktnnceott Copper ... loft
.. Keystone T A It 1
80 I.ehtgh Valley 81
7 Liggett A Myers pf. .101ft
3 I.oewe Co 18H
.. I,nft Corn H
0 Mackay Co 37
1 Manhattan Kiev guar lift
It Mexican Petroleum ..ltd
t Miami Copper 1AH
0 Middle States Corp... 14ft
3 Mldvale Steel A Ord.. 30 H
.. Mo Kansas A Texas,, ?4
.. Mo Kansas A Tex pf. . W
. . Missouri I'aclflo 18
.. Missouri Pacific pf... 3M
.. National Con A Cable Oft
.. Nat 11 11 of Mex Id pf Cft
.. Nev Con Copper.,... lift
3 New York Central... lft
.. New York N II & II.. 31
7 Northern Pacific AK
40 Okla Prod A Itef..... 3ft
.. Otis Steel 14ft
.. Pacific Oil w 1 34ft
0 Pon-Amer rctnol .... 73ft
0 Pan-Amer n 07
a Pennsy'vanln It II... 40W
.. Penn Beaboard Stoel. lift
.. Peoples Oas Chicago. 38
.. Pe,ora & 12atem.... 10
3 Philadelphia Co 3tH
rhllllps Pet
Tierce-Arrow Motor
Plerce-Arrtrw pf . . . .
Pierce Oil
Pitts Coal
Pittsburgh A W Va
I'nased Steel Car..,
Pullmnn
Punta Ategre Sugar,
rure Oil
30 ft
. 34ft
. 78
. 10ft
. 18
,. 33X
. 13H
.107
4tft
3tH
Ilay Con Copper I3H
rteadlng HH
Heading 1st pf ttft
Heading 2d pf Al
Ilrplo Steel
0 Hepubl'c Iron & Steel, it
7 Republic Iron A Stl pf 04',
6000 8. 30 Hoyat Dutch New Yk (0
100
COO
100
ieoo
300
1010
titmo
0300
ttt
100
too
too
ttoo
100
too
too
100
700
100
tooo
1100
too
400
100
too
1300
100
300
300
100
1000
too
1400
too
48un
100
300
101)0
1.100
300
too
ion
'too
100
too
700
100
100
ItOO
100
too
tfft
St Ixuls San Fran... tH
.. St Louis Southwest.. 34
. . Baton Motor
0 Stars-Hocbuck i
.7 Shell Transport 41
.. Sinclair Oil 33
8 Southern Pacino 7t
.. Southern Pacific rts.. 18 fi
. . Southern Hall 33
8 Southern nail pf 17(
30 Standard Oil of N J.. .183
1 Stand Oil of N J pf. .108T4
1 Studcbakcr fiOH
.. Submarine Uoat Corp AH
3 Superior Oil Corp.... Oft
0 Superior Steel 43
. . Tenn Cop A Chem. . . . Aft
3 Texas Co 43 H
.. Texas Co' warrants. . . 41 W
.. Texas & Pacific 33W
1 Texas A Phc C A O. . . 31 H
. . Third Avenue 10
.. T"no ntlnental Oil . 8J4
8 Transue A Wins Steel. 10 H
.. Luton OH 33 W
10 Union Pacific liOH
s United Drug 100
It United Fruit 100ft
. . United Itwy Invest pf 33
3 United Retail Stores.. 84ft
..US Food Products.. 33 W
8 U 8 Ind Alcohol C7H
BUS Hubber B8ft
8 U S Hubber 1st pf...l03
3 U S Stoel
t U S Steel pf
0 Utah Copper .....
.. Utah Sec
1 Vanadium Corp .
1 Vlvndon Inc . ...
, . Wabash
. . Wabash pf A. . . .
. . Western Maryland
.. West Maryland 2d pf 18
1 Western Union Tet... 81ft
4 Wcstlnghousc 13 A M
4 White Motor
.. White Oil Corp
1 Willys-Overland
1 Wilson A Co pf
0 Worthlngton Tump
Kl-OlvlJnIid.
t KitIrM.
83
.110ft
. "ft
. OH
. 31W
. H
. IX
. ion
. 10
3d
14W
7H
80ft
48H
tow
It
43
It
13H
sf
1 ft
1H
11 W
17
lift
11414
18H
14W
30 M
3
'W
18
30
4ft
tft
lift
7AM
H
83 H
ft
14ft
33H
71 ft
flOft
40
lift
3A
It
33 ft
30ft
34ft
7A
iW
18
30 X
tax
10 Oft
4 4ft
34 ft
13ft
A1H
11 w
81
31
4 ft
3
17
30 M
38 ft
4ft
A1H
SIM
33 ft
78 W
18H
31ft
MM
IC3
108ft
18
AK
Oft
43
Aft
43 H
41W
33K
30 ft
It
AM
40H
33 W
HAft
ItO
loew
23
84 ft
23ft
07 ft
CAft
103
Alft
"ft
"ft
0
34 ft
OH
7M
10H
0M
18
81 ft
4 H
38
14ft
7ft
80 ft
48H
INDUSKALHF
Nt
Clilt, I
1:30
I.ul
10
41ft
10 It
31
103ft
1AH .
1IW-
17 -
11ft-
m
'x
0
H
'
ft
1tSft 1H
18H
14W !H-
3H ..
4
18 -30
11M
70M
A
83M-
ft ..
ft-
eoft-
40ft
iift-
38 -
10 -
33H
ft
7A -10ft
.
1A -30M
03 ft
v&.
83 -
83ft-
31 -
At
03H-
1A14
30M
3
ft-
Bl
k 4
33 -
78H
18 ft-
31M
7M
183 -
108ft .
0H
AM
H-
43
8ft-43ft-
41W
33 W
3ft-
10
8-
40H
23W-
1I0H
100 -
loaw -
33
14 ft
33 W
Mft
CBft
103
81M
llft
Mft
0H
34M
0H
7M
10H
0M
IB
UW
7M
8
48ft
N DEMAND ON CURB
Modorato Gains Are Mado on
Limited Sates Candy
Stocks Unchanged
ft
ft
1
J
'w
X
ft
ft
w
X
1W
w
H
H
X
1W
X
w
&
w
3ft
'w
'ft
'ft
ft
"k
ft
ft
H
X
w
1H
i:
'
Ji
w
w
!t
"ft
!i
U
X
ft
New York. Feb. 8. There was nn
actlvo demand for many of the lead-
7--- . . : . .. . 1
inif industrials nn tne nroan Rtrect curn;
today, but movements were genernlly
held In chrrk because of the declining
tendency shown In the trading on the'
stock carnage. There wat no pressure
and moderate gains were matte in sev
eral stocks on a small amount of busi
ness. llrlllsh American Tobacco Co. va
prominent, the coupons advancing to
1ft on minimally iargc trading, t'nltcd
Htates Sld Corporation waa also
strong, moving up fractionally to nbow
yesterday's 'ov range,
Candy stocks were unchanged in mar
ket position. There was fair amount of
business' In United Htatcs Profit Shar
ing which Fold nUlVd and 1.
Ihirant Motors waa firm, selling at
18. Farrell Coal was heavy, with
sales at 14. A small amount of busi
ness was transacted In (Soodycar Tire
at 2 land 20. Standard oil of In- !
dlana ranged from 0T-)i ,to 07. I
Independent oils were generally
heavy, international Petroleum yield
ing to 18. and fractional losses were
sustained in the medium-priced stocks
like Producers aud Hellncrs. Mnraralb"
was exceptionally tlrm, selling at W'j
to 111.
There was a further incrense in ac
tivity In the mines, Kit roll a Croesus
being a strong feature in that group.
Itoston-. Montana and Florence Unld
field was also prominent. Nlplsslng
.vas steady.
IMDUHTRIAIA
WE HAVE
A Nation-Wide Market
&
Commodity Markets '
COTTON MARKET
New York, Feb. 8. The downward
trend of cotton price iw coutiuued
this morninj with decline of 1! to 'J.'
polnti ut the opculne. due to eay in
hies and helllnc pressure from tht
South and Wall ctrret. There was lit
tle bu)ing from room shorts, an pri
vate uiblfh continued to give a gloomy
view of trnde cnnd'tlnns at Manchester.
At the end t the llrst twenty min
utes the market wa unsettled mid
heavy at a net loss of aboit 24 points,
with May only about 20 olnts above
the previous low level, while Murch
equaled its former low when it sold at
1,'l.lOc this morning.
0:00
p. m.
1.1.VI7
in rt'i
it. 11
h.:i5
Trnt. Tutay'a
rto.e otrn
March 13.S3 l-"1.'0
y ........ ... 3 " 3,
wuly " ' u "
uUVndwr .. 1 88 14 33
I IS
V rn.
Nit
chK
!... tilll.. Ilfllwiby
ClilruKu Wrolrrn ImlUilj II
l.l.-lil Co. .,
iIUiIj II. 11..
t'linnul, I uir i.i . ruMfr . Tnirt.
1'lilln. II mill Trinmlt n.
I:mllr) lUllnln CoininT
'nrrllriit U & l.lli'ln , .
Mlrhlnii Uinlrniil Cnnuianr
Oulf (III 1'iiriHirsllun
jltlnntle Itrllnlnr (Viintnnr
Mnltfr Oil & llrllnlhii I vinimnr
Ohln Trnrllon Cnmiunr
l'ortlsnd ll l.t. A I'oxrr Co,
Vrnnnrlvnidi t'omminy
IndlntlK FM-Mirr Curn. llrf 1.
liim 4ntrteii Dnlniirn.i. t , Co
.&' lull!
ins iua.i
.14 iun-;
y iic.i-i
4ii.' inn i
s1. mtt
7'. iusi
ivy is i
a into
y ib.ih
. III4J
.' Illti
5' iirtn
n man
High IT
HUr. Am Strs.. .'l.l .lll'-j
l(K) Pa 11 H.. 4't 40 4D,
120 Phila Co
cum if. aa aa aa . .
J.-.O Ph.laKlec 22V, 22H 22',
40 Toiio Mm 1ft 1ft 1A
.10 t'nl Coi
N J... 170 170 170 ..
A
lUIN'ItM
lllvn Mvf
r4
;i
Samuel K. Phillips & Co.
Mrnilir- I'Mlnl-lnhln lrrV Ktrhnnte
807 f'll.'WTN'I'T IITIflfVT
P. C. C. & St. L.
Series "J" 4, 1964
HARRISON & CO.
n.NKr.nn
tlC SOUTH FOURTH ST., PHILA
Membrr tt'exo Vorfc ami
Philadelphia Start; Virchangtt
1
a in
ti nrtu
'J Hell Tel 7s.lO.'l
S P.lec & Peo
'IV 4t....
1 Uhlgh Vul
ann 4Vjh..
2 Lib Bonds
2d 4,...
.-, 4th 4'.is..
7 Vic N 4-VS. 07
2 Peunn .
I HHn noi
1 a Phlla P.lec
lt ."is.... M'
a P 11 &V 4s. IIS1X,
102
m
I t.'.
I'.
H)2;4
51
sa
llk'
'4
HO.OO 80.00 SI1(V .
K7.00 87.00 N7.O0,
M 117.20 '.(7.20-r
ooH ini
8 1 K
M'i-
'.IHI...
QRAIN MARKET
Chicago, Feb. 8. Official announce
ment that Italy had suspended Indef
initely all c. i. f. purchases of cereal
ause'd weakness in wheat this morn
ing. Selling was led by a house that
uoually represent? foreign interests,
lluying was scattered and poor.
March opened at $l..VIVi to Jfl.tVl,
ind later sold at a net loss of 2 cents,
,. i r.'JV. Mnv ouoted at SI. 44Vi
lo SI .4:l at the ou'set, against
?l 44;', at the end yesterday, and later
-.old at $1,411 Mi.
Corn was alo lower, with selling led
'iv houses that have been bearish. On
the decline comtniHsiiiii houses filled
renting onlerH, absorblits the surplus.
Trade wa moderate.
May opened at tl3'c to 05 Vir, against
l.1p at the end yesterday, anil later
Mold at 0r.c. July startrd at 07MC to.
(l7Vlc. and later sold at a tin uecnuc
of Vsc, at 07c.
Oats wer' easier under scattered
celling by cotmnls!.'.on houses. Hup
iMirt was lacking. ....
May started at 42o to 42Vc.
lgainst 42c at the close yesterday,
.lulv opened 'ic lower, at 42c, and
rnlUed c
LONDON STOCK MARKET
Movements Narrow and Irregular.
Induitrlalt Mlxid Rail Bag
London. Keti. Securities on tho
stock cxchaKBi continued to move wltltln
narrow limits today and the markets
igiiln displayed Irremilarlty .roVn'
rial llnuldatlnn caused heaviness ,n;
oil group .Shell Transport was, 5 l-J-1
and Mexican r.igle 5 M. Indualrlals
i.. -. l A Itiuljnn'u HnV WflH 0
Oram! Trunki were niibbv or i ills
ptrltei announcing the defeat or . n.
Tnfl In his attempt to submit expert te
ttmony showing Its actual Physlc.il
value of the system before the artiltra
tlon commlhslon Home rails W'a
ansln on poor earnings. Alterations in
the .burns of Sou'h American rails were
fractionally mixed.
flllt.edged lneMment Issues were flritj
on easy ratrs for money. Continental
loans were dull, but Mexicans scored
further gums.
LIVESTOCK QUOTATIONS
Chlruco, Krb. S. HOCIS llrcflpt.. 42,009
hd. Kalrly active, Urtrly loft 1.1c lowVr
than t-Ht?nuyn avrrase; rpota fin nwre un
lllhta anil .Ighl nutchrra. I.urly tup. 110.15,
bulk, 2UO ll,, iwn, IU.Mj'Ii 10; bulk, 200
Ibi. un, ta,'Jl; pin iimrr,
CATTLK llrrelple. 10,000 hrad. llrller
llratlc l'tf .trera atoady. othrm alnw, Karly
top, I'.i.T.'.. hulk. 17.5090. butcher nlork
HtrHily to 8trun; bulk tmtchrr cows and
tii'lter. I J It .'i. '.'..: bulk canncr. nnd cuttrra,
l.l.sr.tr 4 'J, bulk t-rf ati,l tuloima bulla.
I.7,','i 1), n ti hlahrr; bulk rulera, UO(
11, .Ml; rlnrk-ra ami trVdtra li'i,ly.
1 1 1 1 1 : 1 Itrcrlpta, 10.400 hai. .rmtlr
arnd Uimb.. tup, lilt bu k, IB U II. 7.',,
no clmlre maturrl nherp auld rarly: bulk
mi ewri, I4V4.VO.
Kaat Ht. Loula, 111.. Krb. 8. CATTL.K
nrrrlpu, sooa hfad. Htrern atrons. Top.
IS. bulk II1TAQ7 50 hrlfora. 2,1o hlshrr:
bulk. &.r.of7.35; cnwii inttZAc hlgh'r: bulk.
1I(1; cannera ran: bulk. 3.anr3.mi;
toi'krrii ami frrdrra mrumc: Imlk, 45. SOU
(1.2.",. tup (rrrtrrt, IIS 75: bulla Mfadr; rul
calve. .H4l75c hlahrr; top. JI2.2J: bulk,
lit nni2.
ItrXj.s Hrrrlptii, 14.5O0 hrail. Sow and
wak; atMiut al'aily lth rstfnlay'a ctoai",
or stfRily tu lor Imv.r than the averaiir.
Top, 110 on Hfht. bulk llshts. Ill T5ftlO:
bulk me'tlum., IK 2500.75: bulk h-avlm.
fS 7.141U.25, packer aoi. and i1irs 25c low.r;
quality simkI, il-msnd poor; cloau Rortlns
un nearly all cradra.
SHIIKr UfCflpta. "1000 head. No early
trailing undrrtonr cteady: quality muatlr
food weatern lamba. .
rittaburgh, Feb. S. nno.1 nrcelpla.
lOuo head. liwer. H-nMtf. I0.50loj
heavy yulk-ra ami llcht yorkera. 110. 75W
10.S5. plira. $10.0Oin 75.
HIIKKl' AND 1.AMIVI Ilrrelpta. 100 head,
Staady. Top ihei. 15.90; top lamb. MO.
CAl-VKrt Itecelpis, OO head. Steady.
Top. 14.50.
Financial Briefs
Knit n.iff.lo. N. Y.. (Vli. S rf?ATTt.lC
Itf--rltta lliiht. ."l-a.ly. Calvea llevelpta.
250 head. Steady n J3(1(V50.
HIKIH It .ultli. 7:oil head. Slow. I.lKht
all aity to 25( Inwr: other. 28W5HC lower.
Hea7. ts 7500 25: mixed. J9,i50( 10.60:
linker" till 5041 lo 75; llahl vnrkera and
I'.kii $10.75frll, rniBlii. t7.23(7.50; atara,
5 n
rHKRP AND I.AMIIS Ilelpl. 4KO0
read. tJimba 53c hlm.er. l.amba. taeilO'
yrarllnra. IHH1 50; w.thar. t..tl5.50;
tnt: 1204. 30, mil nl aherp, l4.Tr.di5.
The average price of twenty active In
dustrlul stocks declined .25 per cent
yesterday to 74.80, while twenty rail
roads were oft ,32 per cent, at 74. SI,
Statements of forty-seven roads In
various partM of the country for Decern
her reflect the slump In traffic. Qroa
ri venues under rates averaging about 32
Iht cent above those of December, 1919,
and passenger fures for the must part
20 per cent up, show an Increase, over
those of tho same month the year before
of only 2U.19 per cent. This compares
with an Increase of 35.1 per cent In No
vember, 26 ir cent In October and 23.3
per cent In Heptcmbtr. .Net operating In
coma of these roads shows well by con
trast with that of December, 1819, when
the railroads were still laboring with
tho aftermath of the coal nnd steel
strikes, but they are not good In them
selves.
Delivery of common stock of the Amei
lean Hallways Co. and of the new 7 per
cent income bonds to formor boldt re of
.Mitionni l'ropertles bonds, under the
reorganization plan, may be made within
me next thirty days. Tne rennanclnr
plan having been carried Into cited nnd
tho 1900,000 floating debt having been
taking care of, the American Hallways
Co. Is now In position to work out Its
aftalrs from nn operating standpoint.
The annual report for 1920 should bo
Issued ni'Xt month. It In understood
that gross earnings of approximately
118,500.000 for the year will be shown
This comparer with I1G,312,230 In 1919
1918.
Aetna Coal 4
Amer Writ Taper 8
Auto l'uel 0,,
llrlt-Amer Tob rear 13H
Hrlt-Amrr Tub coup i
Columb a Hmerald 1'!
Pursnt Motor Ifttt
I'arrell Coal 14
Unodyear Tlra 21
(.nrland K H of N T .... 1 ,
llaliua Knlttlnx "A" .... I4H
Hnlnen Knlttlnc ',".... 14
1 alnea Knllllna; pfet .... 00 ,
liter Hubber ltiH
t' rtanlon Tire liV
.Mat 1 l'lanad a
lindlo Com 2
Itadlo Com pref 2b
.lueeia Co 24
' H Htemnahln IVi
'nlted rrodt fihur'na; .... 1H
. lilted ltetall Candy .... h'J
riTAM.vnr onx
.stand Oil of Ind (new).. S7K
.tand Oil of N T 341
INDKTENDENT OILS
Allied Oil IB,,
Huston Wyoming- II
tarlb fln .Ml
arlti Kvn Trade 1H f
D nny Oil 1
.nuinaera Oil lfa
IVderal Oil IT
illenrurk Oil 2H
Inter I'eiroieum l,'
.Co' County Oaa 1H
..lururAlbo Oil 10S
Mirland of Detroit 2.1
tlerr.tt Oil 13.,
Mexico Oil IS
Mountain Products 8
Nobis
,mr Oil 2
'riiducira A lleflners 4H
ilt Creek (new) fi
f. x Ken 1
,'n Texas Oil A
Victoria Oil (new) 1
V Oil tt
M1N1NO
VKuka.Hr Columbia H
A lanta. 2
ilk- Iedxe
ooth
lotion t. Montana An
'.led Mln )
'nndelarla M IS
'ons Vlrxln 4tt
'urtei Silver 70
r( ain Uold 1
CreacentMeNiimara. 12
Kureka Crocaua 9H
uurelia Jlu.ly 1
1 1, Hd Cons t
lolit Development 2
(lolddeld riorence 42
lolrt Knwanaj 2
CoM Silver Pick 8
lold Zone 23
.lieit llend 2
llvcla Mlnlmc 4S
Jumln) Extrnalon b
'(rrfix Divide 14
MrNamara HI
Magma Copper 25'4
Murah Mlnlrur U
Mother tjnde 53
Mother lodo (new) 54
NIPlealnir 4
Ilex Cona a
llnrhrater Mines 5
h H ler ly-nd A
Huccea Mlnlnr 2
Tonopah llelmont 1 A
Tonopnh.JIm llutler 17
Tonopah Mlnlnc 1A
Tonopah Mlip.th 12
Tcnopah Montnna 0
Tonopah Ilraeue 15ula 20
United Eaatern '-'S
Weat End Con 1 A
hlln Caps 0
WIlLert S
for
Liberty Bonds
Victory Notes
and
Treasury Certificates
Bought, Sold and Quoted
Call, Write or Telephone
Commercial Trust
Company
Member Federal Reserve System
City Hall Square Wet
07H
340
074
341
Better Tone
to Business
A demand for goods is reviving.
You can sell with greater confidence to
those whose financial worth and paying
ability justify credit, when you have The
Unlimited Policy of The American Com
pany guaranteeing to prevent, else pay, bad
debt losses beyond the normal.
In any emergency of credit accounts there
is nothing so strong or so safe as the Amer
ican's Policy.
It would take but a few minutes for us to
thoroughly explain to you the advantages
and real economy of this broad, protective
service Write or phone.
Peymmti u Pillcyhtldtrs tvtr $10,000,000.00
AMERICAN CREDIT-INDEMNITY CO.
ot NEW YORK E. M. TREAT, pnnotm
SMMiaaa vtamdam unlimitbd policics
W. J. Morphjr, Manager
J. F. McFadden, General Agent
Mutual Life of New York Bldfr.
Phone Filbert 5502 Philadelphia, I'a.
nnd 114,234,404 In
LOCAL MINING 8TOCK3
TONOPAH STOCKS
ll'd
Caen Hoy
Jlrn nutler
.07
...1H
:18
.IS
.11
.04
1.
.01
.01
.oi
.04
Mar.Vamara
MacNamar Creacenl
Midway
Mlipah Kit
Montana
North Htar
Iterue Kula
Tonopah F.t
Weil Knd
Weat Tonopah .04
DIVIDtt STOCKS
Allle. W,1e
tlto DlWde
Ilelrher
Ilelrhe Kit
Hen llur
'trmiih Divide ....
Divide Kit
imide S.tM
Divide Con
Dividend
Oat Divide
lUrmlll . ..
ItaalirourV Divide .
Illvh Divide
Itevett Dlvlda ....
'Itno Divide
Uoaettn
silver Klnw
Tonopah Divide ...
Tonoph llaelirouck
victory Divine
Verde Dlv'de
Zone
OOI.DH1KLJ BTOCKS
NEW YORK COFFEE MARKET
Nrw York, Fb. H. I)iillneHH iigaln
limvnllnl nt thr npenlnc f the rnffre
futiin-n imirket thin mnrnlng. with firet
prlrt'H II to 2 polntn lower. Thrrf wrrr
no ulllrini raoitu iruiu mum uniiiH m
litilldar Lhrre.
in,j .
onen
n.lintri
fl. 701171
7.10H14
7.AOV33
7,BKd&
March
May
July
September
1 jjemur
Teat
cloa
H,ner70
T. Htll
7.50151
i.tiuat
i
Liverpool Cotton
rovarpool. Feb. 8 Hpot cotton wn
neelected todny with price easier on tho
baS h of a decline of 40 point for mid
lllnK nt 8 03d ThP Hales wf.ro 3000
Jil". There vv.-r no rrcelpt. PMluri-a
er nolel In th- early deal nir-.. Hiwt
nrli. wero- AmerlcAn. rnlddllnx fair.
11 ami. rood mlddllnir. 9 3Rd: fully mid
dlnir 86d; mlddllnir. 8 03d i low mid-
InK n SSit . k-ood ordlnnry, B.18d, and
oidlnary. 4.38d
,13
.2H
.OS
.02
.02
.!
.01
.01
.04
,6i
.02
.02
.04
.04
Atlanta
Illue Hull
llooth
COD
Comb Oactlon
CrttraerJacVi
DlamondOelil Illue Hull
Dalav
riorenre
Iloldfleld Con
(InldOeld Mercer
Clold Devel
Oreat llnd
Jumlii Kit
Kewanas
Iine Star
Oro ...
lied llll'a
Silver TICK
Spearhead
Prices
l'nrlft,
on inn
rentm,
Stronger on Parle Bourto
Feb, 8 Prlcen were ntronner
iinnn. iminv Three Dtr cent
Mfr 90c: exchantro on Indon,
...- u.. .a .. in.i. nr urt 'l'ne
dgllar waa quoted at 14fr JOHo. -
.01
.004
.04
.03
,00
.01
.40
.07
.01
.01
.07
.02
.04
1.00
.07
.03
Amparo
Artinna
r.den
Mother Ixide ,,
Nevada Hill ..,
Nevada Wonder
Tecopa Mlnliu ,
White. Cap ,,,,
3J:
MlBCnWANKOUB
1.23
United
.10
.10
.25
,03
.04
Ak
.oti
.10
.17
.12
.13
.12
.00
.OS
.31
.niH
.05
02
.03
.0.1
.05
.01
15
.30
.01
.0.1
.01
Ot
.30
.01
.112
.05
.01
.01
.0.1
.01 V.
.113
.on
01
.23
.02
.u
.02
01
.4.1
.08
'
.02
.02
on
o.i
.05
oovi
2 oo
oti
.03
1 40
.13
.20
bU
.02
:h
X
ft
Tho nillette Safety Oaior Co. nnnunl
report for the flscnl year ended Decem
ber 31 .shown net earnings. Includlnp;
HutiildlHrlrs, without reserve for tnxrs.
of eC.S03.407, compared with $6,OIS,3R0
In 119, l1,:ri2.13S ln1918. nnd S4,fi0:i.-
78J In 1!H7. On the 20.000 aharca of
Mtock outntnndlne the 100 earnlnKP
were equal to 27..'l a miare, an nKtunnt
K'l 10 a nhare In 1919.
Calumet & Arlxonn production of line
copper for January waa 2,438,000
pnuniiH, co'npared with 3.3ou,uuo in He
cember and 3,23(1,000 In November. New
Cornelia January production totaled
2 10 000 poundn nf copper agalnnt 2,
CR8.454 pounds In December.
The United Sloten Hteol Corporation
will publish Its unfilled Bteel tonnaKa
tlKuren an of January 31, on Thurndny
thlH week. Kstlnmtei place Hlirlnkaee
for the month around 600,000 tons.
Atlns Powder report for year ended
December 31, BUrplun after charKen, fed.
eral taxen and adjustment of Inventories,
Jl 434.813. hhiiiI After ore erred divi
dend-, to .10.22 a Hhnro on 5,ril t.62.1
common stock, nnalnst 11,680,089, or
122 39 a shire, on 15,002,400 common
stock In 1919.
Atlan Powder reports for tne year
ended Deci-rr.'ier 31, net Income after
taxes and charges, (1,434,692, airainst
1.660,0(t tn 1919.
Tho annual meeting of the Hallways
Company Oenonil will be held February
21 Htockholders as registered Febru
ary 1 arn entitled to vote at this meet
Inir IlookH close February 1 and open
February 23.
The annual rerjort of the Baldwin
locomotive Works, which was approved
by tlie directors on Monday will show
Kross sales of nbout (73,000.000 aa com
pared with (84,307.776 In 1919.
New Financing of Bankrupt Road
IVnahlnitun, Feb, . In Its reorganl
ration of the bankrupt Chicago and
Kastern Illtnolx Ilallroad Cb., the J-t
Illinois Ilallwny co. was authorued to
day by the Interstate Commerce Com
mission to Issue stocks snd bonds aggre
gating (88,971,160 The bonds will be
divided, (4,285.000 of first mortgago nnd
(32,166.000 or secono rnortgege. and
there wlU be .Ai0,,.8 nf Preferred
stock and (26,500.000 nf common stock
Suspend Member of Consolidated
New York, Feb (. The suspension of
Harold U Bonking, of the firm of Dunn
St. Co., "' announced on tho Consoli
dated Stock bxcn&nsu thle mornlnir.
nomw
Allied Pacliera As
Aluminum 7a
Amer asm Chem in ...
Amer Tel ill. 1022
Anaconda As
Anaconda 7a. 11) ."J
Armour 7
Ilrtll Steel 7S 1H33
Heaver Hoard In
Orrn do Paaco 8a
(leneral Asphalt Ma
nuir un 7a
Iloodrlrh Tire 7s
Hrand Trunk US a
inter U T 7s
Kennecott 7a
National Cloak 8s
National leather Ha
Onto Cltlea 7a, 1021
Seara Iloebuck 7a, 1022...
Seura Itnebuck 7. 1023...
Solvav 8s
Southern Ity 7s
Southweat llell 7a
S O of N T 7a, 11123
S O of N Y 7. 1027
H O of N T 7a. 1028
S O of N Y 7a. 1020
S O of N Y 7s. 1030
Hwlft U Co 7a
Va-Caro Chem 7H a
Weatern Hec 7s
Swcdlah fla
SwUs 5Ha
0HU
054
C8H
so
si;
t'Uvl
H7i;
poh
Ull l,
n.n,
i'SH
o
UllH
io.h;
101
07 K
IHIVi
H5H
IllHJ
00H
0.1
on
HI
oo
n.iN
loo
06
ons
1014
101S
ini
101i
lirj
r
FOREIGN EXCHANQE
New York. Feb 8. Openlnrr figures
for foreign exchange wero generally
higher with the exception of Chrlstlanla
nnd Copenhagen. Sterling stnrted In.
Influenced bv Iindon cables to New
York, at a gain of 2 cents over yester
day'H final nt 3.87 for cables and 3 8fi VI
for demand, Franca showed u gnln of
5 points nt 7 10 for c.ibles nnd 7 09V
for checks Lire wero steady nnd un
changed lit 3,03 for cables and 3.62 4
for checki Swiss gained 7 to 18.15 for
cables and 112 for checks, while guild
em Improved 20 m nts to 34,20 for cables
and 34.10 for ch-cks.
The other exchanges wero quoted ns
follows:
Pesetas cnble-i 14 40, checkn 14.02;
Stockholm cables 22.10, checks 22 00;
Chrlstlanla cables 18 15, cheeka 18.05;
Copenhagen rabies 19.00, checks 18.00;
Helglun cables 7 45, checks 7.44V4 ;
marks 1 62
TI'.STEIIDAYH I'IN.M. QUOTATIONS
Fte'llnij Prnnca Ure QuIMern
Demand ... . 3 MS 7 02 3.62 .13. H7
cablea . .. SHIS 7 Ot 8.01 33.97
TODAY'S OIT.NINf QUOTATIONS
Sterlln Praiwa Ire Oulldera
Demand . . . . 3 MV. 7 on't 3 624 31.10
Cftblea 8.87 7 10 3.03 34.20
BANK CLEARINGS
IlnnW rlearlnira today compared v,ih cor.
reapondlnr day Inat two yearn
121 I02U 1010
Thlla... (83 677 180(68 51(1,021 (53.037 Sill
Uoaton . 48,163, S78 05,254.173 00,171,070
GOVERNMENT BONDS
nid
W Own and Offr Subject to Prior Saltt
PWC0
(1) State of South Dakota To yum About
Rural Credit 5' Bond Due 1941 5.40
(2) Pennsylvania Railroad
Collateral Truat 6, Bonds Due 1936 6.50
(3) Tide Water Ofl Company
Ten-Year Cold 6yi Bonds Due 1931 6.70
Pari-Orlean Railroad
6 Franc Bond. Due 1988 6.75
Southwestern Bell Telephone Company
7 Bonds Due 1925 8.00f
Danish Consolidated 8 Municipal Loan
Due 1940. (Guaranteed) 8.29
(I) FREE OF ALL FEDERAL INCOME TAX
(J) FREE OF PENNSYLVANIA STATE TAX
(J) NORMAL 2 TAX PAID BY COMPANY
Harrison, Smith & Co
INVESTMENT SECURITIES
121 80UTH 5TH STREET
PHILADELPHIA
TELEPHONE
LOMBARD 8100
Panirna coupon 8a. 1001
Philippine 4a, jnjl
IMilllpclne 4a m.1
! S Clovt coupon 2 IMn
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DIVIDENDS DECLARED
Iiula. llockv Mountain und relHe
liarterly of 1 Dee enr ..n ......!''
FVhruary 28 to itoe. : of recoVd rei!.
rnary 19.
llrooVlyn Rdlaon C quarterly (3. payable
Marrh 1 to sti-rir nf reronl Klirufv 18
Ceaden ft Co quarterly 14 per rent' on
Pair" K.rW" M0', " ,0th "' reco
Financial Fables No. 2
Oncu upon a timo there wns a mnn who had saved $100.00
nnd he whs very nnxious to Invest it in the better-grade New York
Stock ExchanRe securities, but ho thought 1100.00 waa not enough
to start, and so he never invested.
Mortfl: "Fashions in investing change, aa vell at in dreti."
How to buy stocks on our Partial Puynient Plan, a small
sum down, a small sum monthly, is explained in our booklet,
"Saving and Investing," cheerfully sent on request.
Alan Av Alexander & Co.
STOCKS and BONDS
COLONIAL THUST III.DG., PHILADELPHIA
llellr Loeuat .1340.1.2.3-4
lire-atnnri liner 1071
nroneh Offlte
llrldnrton, N. J.
lVjinii(i-i:
j.iiig.tr'g-J-JSiA,
lO H H III
mismess lvien
today ure finding that their time nnd brain.-!
mun ti inve8t0( m executive work to be most
profitable. It ia not necessary to master tho
many details involved in every "deal."
Dependable, flnuncial counsel is considered a
necessity as well 113 n convenience by many of
our progressive friends.
REAL ESTATE TRUST CO.
Broad and Chntnni St
ik-A.. i. A , - 111 t j-r .m!f-l
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