wfffl$'vX,?w' '.,'V-"C fcft iJ I gt IS' l . V, fl 1XZ JSS XG EVJITNTOG PTJBLIC rEDGfe-PHliXBECTTnV' 'gXTUKIJiXY, " FEBRITATRY - ID, 192t INDUSTRIAL STOCKS NEW YORK STOCK EXCHANGE TRANSACTIONS UNDER BEAR ATTACK Central Leather and Atlantic Gulf Hammered Savagely. Utah Copper Weak New Ynrli, l-Vh. 1!' - The bears were nelivo IliN iiinniiiiK and. ononuriized bv the iiorrss that Imil attended tlirir ef forts in unsettling veslerdn.v--! market by br'ncinj: pressure to lienr mi ret tain lusties, they itiitlnti'il n eoneerteil nt tnck nt the opening todnv nml tan inl priors tonsldrrnblv lower. A fieh break in furi'lRU exelmnse tnriii'il (lie rfce.ion into something ltl-e n tout. Ntotfcs nf companies' vvhieli have been i CVippleil llirnticli bu"iness deo'iiie-t weioj offered fieely it ill the reiilt tluit n i poodl.v nuinb'ci uf top orders were nn- j covered nml new hot leeoriN for "' rent tiiidinc vvere established A'-' lnntir liulf vvu nsnill singled out foi attack mill nl one tune got to llfi. u lns of i line in Ti point for (he ilnv Tilt rowing on top vestcrdilv ' decline Of 10 point" lllilli'llte" the tie ! j Witll wiliill lllli lll"' had lll'i'll II emitted. ' The t'eutr.-il Leather i-ues nWt wen hnmmcted smngclv The loiiiinon gave vvaj more thnn n po nt nml the pi' fert-ed i rinib'eil I point' The -m ' of the bear cnmlnnntioni ngnm-l vm it ItlllllstlillN tlsriiir(lg""l tho.e lib" we e COIIimitleil to the loll,: "-nl'' of "lilel f viit nml ileiline rntieing frmn 1 l" 'J points were sn-tuiti'd in 11 niiuib-i "'' Mocl.s that hud ii" nth been -elei ted nn fnv-intes tm- bullish nprt.itmn I!" tail Stoles uns down 1 pout and To bnrro lV'dmt slmmM frnitinn.il o-i - t 'Inll Copper. Willi ll llllll been VM'II niaint.uneil in iln- -hi iod ot lUreum tinde depre-snm. was the weakest nf the coppers, falling more than " pinnf" l'nn-Amerienn I'etroleiini. whirh heie tofore has been -tnu lii'g up re-dnu-h . yielded more thnn '2 point" Steil- did a" well a- nn groun T'nited Stutos Steel a- off ' -.- point, but Pi.ihlwin a up frn- t onnll. Mli!''llll l'eliolruni fell tu l-'T's. I ' fleeting (In- senilism's with wtiieh tlo Meviran oil" are taking the ne turn I of event" in Mei o Ijii-sis were ino.t -rirl'e in the ship pine, ml and motor i-mh-". Imt giwl . null ixtetnleil to steels and ra'lvvtiv cipiipmeitt". as well ii" nuni'Toii" shares of no d.-Hnite i-h:ira ti-r I)ei lines were, kfroinpiinied hv Illinois .,f lurtlier ilivi (lend ri il n-tiotis in suspensions, notnbl.i In tin i.ise of Atlnntii liulf and West Indies Itails. e-pei inllv unlets and I'liities. held llnir ground, although . .fti i nj; - tu I the mor part olTered additional pi oof' of curtailed indiistiinl piodm lion and I tliniinislieil tonnage. Tin Hnnliug 'li soliitpm plan met with little fnor. : judgm1! from lienvv selling ot thn-c , i-Ii.ii-'s and oigunintion i.i proti'i live committee.. Call monc.v was jisaiii ofleinl a- low I as li iier rent o-i tin- i linuge ami a fraction nud, r th.H ipiotiitiou in th" open market, hut time t u mis held tu , and the altitude of the I'edeinl IJeserve j Hoard gave little l.opeot iiiimediate re , luxation tor urli ni-ooinmoil.itnui- i International credit-. a expressed m ! terms of fuioign i-xelians-. wei ex- i tiemely unsettled. T--iupornr implore- , uient was offset In ndi-"s iroin I.on don ami I'aris. uli , M mdn nii-d that tin German indemiiiiv plan i im to underso i oiisidi-tahl-- ihii.hi LOCH LIST MAKES RATHER POOR Sll Oil Tran.wtioii.s ('ottfincd to I'mv Favorite and I'rivo ('.liaugc A ro Fractional l.Oi.ll simks wile illii;il.ii i, -,i day's slioit si-.s.oii ot the --. Ii,n,g. ''i I few ssiies that ame out mini" nitiiei ' ll poor showing ,ind. while yim. ainl ' losses WM-e about en-nU tin imd tie : few i 'inures that wir- mudi- wen fined to fun toiis. Th'-n was no dis j plav of real "tr-nstli or iii-tun, we.ik-1 ness in am seitioii ot to ' -t ,in. . ilf. ! were , ontin -i t,i o , 1 ,i, :I tuo-, ..n, . W'hteli 'i.'ne It, i -i t j f i ! "e j -.it.-i part if the iitti-nti-iii foi 'In '' w. I'hilriil. iplu.i . j i .,.v nun kit. both .s.ii.'s si, i ,;,, nij ii par' . of isti-rd-i.i s .i-ii" The i minium vwisl In f-ur mpiest Imt ihi tm i,.,,, , ,,f tin- ! prrfemd wn simi'l Aimimmh Moi-. as none i.i , -s ,. t v. i, ,, lV. , n , ', j to eel ,iIiom- t. 1 1 i iii ! 1 1 ' T i- i iM snie" too inn inn Jin tson MO i;no JV) oo 10!) !00 1 1100 M!) IM i)0 ton !.- too 7110 00 i mi inn ;iu no ; tun tno 1 0(1 i no .wo .:oii v 10 TOO .tin tll)0 too .'.".0) (Mil uOOJi I! '10 Mini .mo Do .1 in -. c, hi I0'l i ! lit 411 I'lil inn inn '.' i.i Ml .in .iM ;n i :tn "ni i T 1 1.1 i)t till .(in :in.n Uii-i Til t.i,),l sni : in .njn Oilll no linn inn loo ilii son loo on 1 lion . Inn Itii'i :1.T. Mil lid 111 oca i !W :ij.i J in ion inn) ton :ti) too sin . 10 loin :n tin j; in inn ton :i;ji toil KM .no j in mi tno 10)11 I III I inn .)! 7)0 .ii in .- )d .-.loo mi. in i . . Aihnnro Uumcly . . H Aihance Jlumcly pf . AJax Itublior Alaska Onld MIuph. , . . Al.isJi,! .lunenu O M. . Allied Client & Dye. itu'i 19'. A'J JsJ4 I 'i IS IJ'J Allied Chem & Dye pf 10 4 Altis-ChnlmerB :ir. Am Ajtrle Chem Am Aprlc fliem pf .. 70S 3 Am Hunk No to . .... BO Am neet Suenr s 0 Am Bosch Mng A0 Am Can '!!)J4 I- Am Car & Fdy let Am Cotton Oil 2V' t Am Drtif; Sn. . . . (1 Am Hide & Leather pf 4IS 4 Am Ire 17 o Am lee pf ni Am tnternnt Corp ' 0 Am Locomotive s4's Am Stall l0-)4 Am rtadlntor .... 71 Am Safety Hazor .... 7'o Am Ship & Com ... I" Am Smelt & Hef.. . ." 7 tn Smelt & T'.ef pf . Vt Am Strcl Foundries.. ni( 7 Am SURar Itef t 7 Am Sugar tlof pt.,U'J 10 Am Sumatra Tob. . . S7'i H Atn Trl A Tel J 00 '. 13 Am Tobicco MOI, I. Am Tobaeeo u lis 7 Am Woolen . . COS -. Am Kine Lead ,5. Sm'.t 't- Anaconda Copper -19S r. Ateli Top & Snnta l"e '"'4 to Alt Gulf & W ISS, .vi All rtult .x. W I 53 -s pf 10 Haldwln Locomotive, tins -. IJoltl'i-oio Ohio :u . Haltimore & Ohio pf . - ..III llariisilalo Ctna li.. .'.V; . . Hethleliem Motors . . I 5 Bethlehem Steel n. . A;1; Booth Fisheries ... ."'s .. Prltlyn R.'inlft Transit l"ji Brklyn n Tetin of itep s'j 1: i-.ii(T Ilorh I'ltts c-s : imrr.iio .x- sunq . :n I" I'-i n.i Bros s;,j4 . P.utto Copper & Zinc. ?4 . . 1' tte A. Superior Con i:li .. C.iditn Central O & It l.'.S .. Ciilfornln ivtroipiim 0S 7 .illfornla Petiol of . i C.i Zlne . Lem!. ... f,i, Centuil leather ... "-IfiS ' Central I.eatlu-i pf. . s 10 Canadian Pacific llffj 1 Cerro do Paco '.'sij in ''handler Motor 7 IS I C.u'snpt-ake i: Ohio.. dOS ''lllciirj Mil & St V. !7!j .. ChUasu Mil & r'l I pf 13 "" 111 ll t & Vac . .'7S n fill p. i ,x- Pac cr, pf r.-: .. Chile. Coppr It's .. Chlno Copper . . . r:S 'lei rin chi ,x --i I. i:iS . . Coca-Cola . -IS a Coloi i.lo Fui I & Iron ,'s II c him Oas & f.tcc . . '10 '4 I Col itraphophoiiM . ti'5 . col ,t Southern.. .1'1't 7 Consolidated Cisar ft'l'i Consolidaii d Textile i" 4 7 Conl'm ni.il Cm -'s . Continental Cutely ' 4 4 Corn Products P.er . 71 K Ciuciblo Ste.i . . 01 '5 7 1 Viii ,li,n Steel lf . . ""I1 .. Cuh.in Cane Sugar .. '.' Ii u. 1 .' H1.1 :i mils I ' .. Denwr .V- Hlo Gt pf S 1 Do:nu Mines . ... IIS 3 nndicutt-Juhusuii .. )"' .. t:rl3 II . i:ne ?i Pr 1:1s 8 I-'nmou.i Pl.iye.s U . C.l'j i P.imoi-s Pl.icra pf. . "'?4 7 lVtlornl Min a: 5-inlt pr '.'J in KNli- Ho.lv "" . . Fist: Rubber H?i .. Gaston Wnn 4 Wig '!U ".'i .. Opneral spt-alt .. !7 ii' Goneril C'gar ''.'S .' it Getural Kleciile .. . Ml Ml I General Motois .. US U fi Heneral Mot1'-! pf 71 '4 71 4 7 Gen Motors tl. b 7P,. 77 '5 77 e Goodrich is F :'s ::7'j . liuir Mobi'f .v Noi pi .'.' .'"i j . . Ilotisto-i Oil ... :" ' I Hupp Motor Ctr. . . I.I'.- M 4 3 llj Ir.iuiic S'-"l .. .. l-" '"' .. Inspli itl.ui C 'ii sop MS '4 .. Interb ''011 Corp pf MS . . Inter M 1 M n.:e US 1 1 4 0 Inter M r MjiI'h nf .IS "l 4 ll !- it.ai -M 'n't ' '. ill 4 'II . .. Interna. una. .,... ' l-4 M.j .. Infina 101,. il i'.ip"-- -'7 .iii .. IllllK-ll)lo Oil Colp '.'I .. '.'0i, . . IsuiitU Oil I '4 ' a . . lew. I Tea II 4 l 4 I i :. !', IS IS 47 90 3.1 1 i H?4 70 ,10 10 .'.I '4 Jl'j t::t ns fi.u MS 7' oo MS si j ?4 71 S 11 s IIS s'.S .to '4 Ut'i l'H'4 SIS 1001 , M0 M7S ro?i s , isS "JS 49'4 ; so-; ni 4 oi MS S 57 MS "S r.s 71 .i U 1.1 i'j in I I 1. (.';. si 111V3 . 1' Ill's J'i ,..U K "' rioe Jh" IB". l li-i ' sS, ': lis '( IS I '1 r. - m no - i; ?M 'i U4 70 A0 111 : A.1H .") S MS ns ?4 1 1 Ha'e MOD ilOO I VI 1 noo 100 .1.00 7.100 ilOO i.ino h ion 100 100 101) too 31000 Dlv. In t ltlirh .. Jewel Tea pf "SS'i . . Jones Bros Tea "MS .. Kan City Soutlieni... I0?4 4 Kelly-Springfield Tiro. 40 .. Keleev Wheel 4il ? Kenneeott Copper ... 19 .. Keystone T & II 17 0 Lackawanna Steel ... .10 I-ehlBh Valley l?4 2 Loowo Co tS 13 T.orillard Tobacco .. tl7'4 it Mackny Cos A7 7 Mnnbattan llev uuar S.1J4 . . Max Mot 1st pf rt sta (li 15 Mexican Petroleum ..MD!6 1100 1.00 Middle States Corp. ii 1 3, IS .-. S 4-l'a (-, s I.I)1 4 !'4 .11 ,1.1 MS .111'. 8 711', 'I.I s') .1 IS .(' . II 4 I'll M MS I.'.' ' -. "Mi -.'4 S I II 4 US ' I7'4 ' 01 IBS ' si'i '.0?4 7 S 10 ! MS ' S'.'S !04 !'l'4 ' 11.IS ' nj line, ' I'tll'i ll!1! fit', ., I , . sU "."4 iiOU 10 ' MS :itS ' .10 :s 4 ' A7'j .1 fiS ' H'i (is 71 s.l ?4 II i.i':- - 111S ' ;i r. r. st lll.'o ;is 71 Ii0 :?s ' MS MS tu MS os- .'s 1.0' 4 ' !l'i .1.1 ! il'i '-l!)S-,li'i-IS ;in4 jus ' s!) M -If US 1,0 I: MS l.-Jii- Si?4 '.MiS II ?4 c?4 - S l?4 IS 1 I e S S t; IS I 119 son ioo .100 noo '.'00 inn .101) too SDH Mil noo stO'l P'OO so 1 100 ion Mil 700n son 1 Do MID ton limi 1 10 11 1 n j .in.) lino ni) Mil r.'-i 1 jD .iii too KiU ."ihi Mi .10(1 Mil 4 Oi s0.il .111 I si),i ton (1(10.1 .ion M3J .109S It "a 3H ISS as 14 ISS 37 11 il AS 7.1 MS so V. MJ, S Mldrnlc Steel & Ord.. .. Minn & St I.ouls .. Mo Kansas & Tejcas.. . . Missouri PaciQc . . Missouri rarlllopf... .. Montgomery Ward .. I Mlllllllf. tinih . . . National rnie . . . . . . Nat Cloak .x Suit . . .. National Con & Cable .. Nat i n of Mex IM pf N O Tex ,x- Mex Nev Con Copper In New York Air Brake. C New York Central.. .50 New Yotk Dork .. New York V H & H -.'OS 1 New York Ot.t & W . . 1 7 "4 7 Norfolk S- Western .11)1 S 7 Northern Piclfle M .'. Nova Scot la S & C. .. .11 It) Okla Prod & Itef C, Ontario "ilMr Mining 4?4 .. Pnclrto Oil w-l S'J'b 0 Pan-Amer Petrol JfiS Pan-Amer B nt 3 Penmtylranla V. P. MS Penn Seaboard Steel. 13 S Philadelphia Co . . .Kl'j Phillips Pet . Hi .. Plei ce-Arrow Motor Wi Plreo Oil l0' s Pierce Oil p' 70 .1 Pitts Coal liS Plttsluiigh fi- W V.i t-lS Pullman lur.'-i T'lintii Alegro ?ugir 40 Pure Oil -US Kami Mm i Sh iris It Il.iy Con Copper. I'VJ P.e.ldlng 70 'j Ilearl Ins Ml pf I'''? rje.idlnir 2d nf . . . . 47 ' S IS Bemlngton Typewriter 31 'J Republic lion & Steel 1.; P. -publlo Motortruck .'.' MOO ..in P.oyal Dutch N Y. . IS si.i t I.nuls San Fran 31 S "Ot) St loins San I't.in pf 30S sSton Motor -IS S il'O.nd Air Line 1 f k .".'.iis-lioebUstK 3 Shell Tranoport . S'nclalr Oil . . . . nuth Porto P.lco Sng Ml II .1) I I I.i '. I.I .. II 4 .'. i -8 11 4 11 4 JO'. I 1 III'. .11)1 too 311 1 1 tun IS I'l 100 .n . "iii.i lOO'l :iii 7:)) :-.jo 1 1.1 noi too .in 10 I'SIIII Ml 3(10 tin) .10 uoo non ton 10.1 3.vi i-;nn I .) ton .1 11 inoi) to" ton .13 oo 10300 II oo 3100 1 1.0 too .inn .nn .SUI ion :n 1 1 00 3 1" !l.)0 lllfl Mill j on inn too M 40 31' 17?, MS 10!) CO '4 II il So itbeni Pacltlc Southern Pacific rt Southern Hall . . 7 Stand Oil of N J pf 7 Siudebnker . C-..1...... ..I... TS . ft .- .s ii.jniii on- itojii orp S4 3 Superior Oil Corp '" 3 Ti xi Co . . . . l.t' . '1 x.i" Co warrant" lis . T'-ras & I-.ii'ifx 3is S 1 Texas & Pacific C &. O 37'-, Tbinl .Wrnuo 111 rm'es Sipi.tre Slipplv (i Tobacco Products . T'.invcontliiental OH t'i'ion oil .... Id t'n Ion Paritlo I I'nion Pacific pf. . . . s I'mted Drug K I'nHed Fiult .1 t'n led r.et.i' Sioies .. I' S C 1 P & Fd v. 1 ' S l'xpro"s s L' S hid Alcohol HI'S Hubber s r S Huhle 1 ut pf 3 I S Snvlt & P.ef . .'. U S Sieo' .... 0 t't.ili Copper 4 V.inndlum t'orp 4 Y.t-Caritllii.t clu nf ... 1 iMiuilou Inc . . W.ib.ish 1V her & lleillirum r. . .. Wes.t.in il.m Limi Wfst .M.iryl.mil .,1 pt ii Veteni i'aoillc pf 7 W .tein L'nion Tel 4 We.stlimhuutfe 1; ,x- .1) Win- 1 njf .x I. i: in u Mo-or . . White il,. I 01,1 Wi!!," Ov. 1 "ui. I . . Will) h in. 1 1.111.1 pf Wiis.u, ,x '.. WorihuiBion l'jiu . . 1 17 , II J4'l. !l -?4 P.OT, 7S !)S' tOliS Sli'i lit i-S 7S fin s ID'S 3334 fc'iS .-.Mi 37 3.1 I'S IS 13 MS MS i.)S "7 i-S 40: ll-s 4.1' Is J I.nw 3S''4 3J I0"j 4.1 43 IS U 14 f, (IfiS .13 1 4 IS 110 fi7 3!i 1.1(1 !i MS .'OS J I "4 3H Is', .'8U 17 S 37 31", ill ::i s 74 J4 MS R.1S 53 SIS MS I7S 101 S3'i .17 I'i l?i 33 S US 07 'i 11) 1 Mi .13' 4 .'Ii .OS MS III on S 39 1011 I!) .( 31 I S 7.1 1 i (i l(!?4 31 t.7'5 IS IS 31 31)1 j -IS MS sf. 10 33 ?4 7.1 ?4 7sS 17 MS 10s-, .ins s'i S MS MS IIS II .14 S sS is 1 30 ' 1 'IS sis'; inn?, .IS 3 s (,-"4 M'.'S 3?4 S3 S IS .lit,i iS'O ' S IS 11 I'S US "i'l " si " Toil.iy'K Net foe Chirr 3SIJ il'4 34 S t- U I0S-- 4S? 13 IHJ5- 1RH I 1S.-.14 SI i-!-18 -UI S 1 57 53$- 15S?8- Mlj .ton tis- 3S ! ISS- -W2 - I7S 3? 33 -31 3 ?4 IS i". S 1 "4 tit 'tl It' so I- I " I- .1 1 3.1 III' -Mi- 30 S ' IIS I0IS ' 83 , 37 -IS r 3i 33 S 1 I.i li tis -1 11S . 13 ' 33' J -3ll - 10'J- 7li (10 S -J'l - 100 Si lt) .-4S L 31 -13 Si -.r.S-40 -40M 1 34 -07 S 31s .1(1 i IS f 101$ SIIU 40 -31 7.1 ?4 I"S- 1754 ! MS- los?i - iitiS - s!i I'i- 13'J . nii- 33' j -37'-I7S-II 5 1 '$ 8S--IS- 1 311 S 07 S ' , us; - iniiJi in -1:1 H 70s Bit H - 1 113 '; 33J. ' S3S- 3!1- illl-i- i'4 ; IS ' 13 S US - lllli", ' M 1.1 s l"i I 3!) U'i 7S "5 lil'J M I Si 3; 2? 3 IS s CURB DISREGARDS SLUMP ON 'CHANGE Explanation May Be Quotations Are So Low, No Room to Go Lower New YiiiU. Keli. I!). The most im portant feature nf the llrond street curb mnikrt In the two hours of trading was. tluit It illM-rpirilt'il entirely the speed ins to the scrap heap of ninny clip pled indtistrinls on tlie exclmtiKC. Tills may be due periuips to the fnct Unit mi iniiri.x stocks 011 the null are tlotMi si, low tluit tliere Is not rooin for tliein to ro much lower, but, on the other hand, the low levels linve leeeired periiutnent snpptii I without much ro.'t lo those wllliip: to plve protection to varloiH stocks on the curb. Inter-Coiitiueiital Ilubber showed n llatteuitiK of bullMi efl'ortu nud reacted to 1(1. nud Ile.vdeti Cliemicnl wns nsnin in siipp, si'llini; iloun to the new low "if -.'". ' North Aiiietiian Paper, which has leld "lead above . sold down lo -I'N Sweets wa (iiiet. sellini! ill Mnracaiho taugeil trolii 'J.'.'y In I.eilditiK liRltM jvere fail'l) in'llvc "illcs at It! lo I.Ttj. IMIt sTItl.l,.s I I lUtl I AIM Vcilio I 11.I1 . S H W llllf-" 3-. 33 fill Light . 3 3 Coliinilil i KniHial.l . -i 3, lletiTtll " In ni Intel Itlll.l-ei N V .siilebullilliiH Vpr.-ss Motnr IS 111 IS IS tliilln Colli ttaiho 1 nln Pief IteiollllK IlKhl" Sweel Ci. I" S ."liiim iMir.p Alli'.il ml Knoll.- Oil Itnuli.n V 1 mniliic Cnrlli "Mi.lli-ii-Uminv (Hi iKl.lltH. "ll lili'tirnit; Oil dun-' lllll. "Me llllilMlll I'll M iniiull.'' (nl... M.-rrltt "il Meilio (ii1 IVnimU " '.I I'roil .1 II lte 1 " II. il It.,. K "il )ly.in ( oih Suit t'r. . '. t new 1 Hke'U '. I'll I'oMtl. "1.1 V "It l"i m4 mid Wt Willi t'l.l".' 3.' U)4 I-. IS I"l '."1 t.1'4 -". NEW YORK BOND SALES Summnry of Individual Transactions on New York KxtltaiiKc ISAt.liH IN JM001 Ami, ptneltg A net'", Bs n 77 t. 77'. Am T A T clt I 784 Am T ft T 5s I . . . 81 Am T .s T 09 t .... MS I.. US W J 05 '1 1. . . 00 a ti:."; Atcli Topckli & H'h I'e 4 2 .... TS 1 . 78 A Tintmconti'l .Short 1, -In 0 .. T.i'l Atlanta Knox- vllln 4 C Is 3 71H A Count I. clt 3 ... 71 A Court I. -Is 1 78 All Cunnt I. "r 1 1 02 1 ', AUnntlo Hef'R ct Olid 211 ii'i'i 2 ll'l', J 'i'l" IT Ii'" City Mnm'B Ot 3 . .. 77 City I'nrl C 2 034 I . 03H 1. ... tl5H 2. . 05 , C Zurich " t r, 04"; ci il cm ciit St I. cm 4 0 07 CI'd Oln Chi & HI l.ii 414s 1.. .. 70 Cl'il Cln Clil St t.n Ofl 2 60 Cons'il UitH It t !n'i Culm 11 CHei 3. . S3'. CuIm U.I Co " 4 .. 00,4 Del S. H U'I f'l 31 IN', I)"ntii:it It Con cl II ss 5 OS l)e'i A. It 11 At i. .. 03', I .. Il3-5i p.. I 1,1. ". 5 . II!) li 1). 1 -l,il... -'! 01 ; 0 . tlO'i'Dil Cullililj '3l tl.nl A. .'.in 'i 1 . !)0'4 1 , ii'"'. IDom Itep't 3 3 "'", I t . 781 r. i.'i Dim i.ikiit iii 1. (Ill ! I I 3 11,, I Ollit" 2 1).' t.'l SO '4 V.I', "II .. WIS ll.nl I.i. 1. 1 4 IS ll li ev 11 37 It II IV I' r.M)i:T oti.s . . . 11 1 :U T. 3I, . 331-j I'.'S t r.'v i 1 s 111 "I A iV 13 I'l MIMMI I'u.iimbta A In "1. 1- Hi 1' All ii Cnl.l . ... AHnniii lliiultl IIOKlnn 1, ml. inn . filled MIIiIiik t'uii'leiiirl 1 .Mm . . . "'mi" ttirlnit . . . . ('on. t mUp!' ' . . . . "'rin-.m Del. I . . limm 1 "1 t ... liur. K., 1 re. m. l-'.ur-!.:. II ,l t.-il li. 1. 1 IV ..nllielt (lel.UI.-lil r.il'lil linl. 111. I I K-iuill.i 11..1 lll.'l.l Sih.T IMi-k iliiitn.i-i &.IH- IroHi Hiii.l II 1 Mil nil Irun 111. n.i-in liimlin K' Kn., In 1.1 Mil. N.i 11 ..1 1 . . . .Mhi-hIi MIi. inn Mutlier l.i.l M.iltier I it" (tl.'Hl .Muirnv vr.iy Vmih Stin "i.lilr "l.v.-i Trim 1 i '11111 Hi I-..HS Itu. li ."i. r Mid. f sun Tm Slh.r Klinr Ulvl.le . S .s'l.w.l I...J.I Sui 1 nn Atln "I 1 11. s Tnriul'uh It. Inuil.t 'reliiipall l'ii"ll llov l'i. ti.. pali I'M l'..t.lti.lll .11)11 till! l r.ui(i;i.,li Mnl'i.i I'.iniiii iii .vriii'i- 'I'.l'ii.'ll Mui..lll 'I'.iin i ih vt.iiitun.i 'I .Hl.ili ill IIP'! U lilllll t S 1 'nlil . . I'tiit .1 li itrn VV"I I'l .1 1 ell Will'" 1 ,ii Vt lllu-l I J I I 11 I.I III 17 l. 71 t '. a tm i is '. in in I" tu 5.1 .-.', ci "i r. 3 ,'. 3 s !'. ll! 13 IS IS is hi r.'S t'. 1 s 10 I ll in t7 4S IIS I : s7 c. ill IS '. Ill 15 I" 111 51 II IS TS' IS sis s 15', is . 1 1 1; ct in 17 I'. 71 I V in Iii is in r.l r. 1 1 i'i Nevv 11..11 1.' li'. ,.. N..I I. ' 1 (lomniotlily il lurkets COTTON MARKET urlt. I'eb I' - li.e ...11.. 1 ..in ui 1 ! injv .1 d Inn- " I, Is Iii tin miva 1 ' p.llllt- l.li.lll I " I lll""l I II 1- .!- . S"f I'hiladt'lph'ui Stocks Philadelphia Markets n I uh' in C.Mll .1 l'l"i ( hi f "l 7 " Int.'ili..-. 11 T k.llll. .'i 7 VI. ri i 7la j (ill. 11 t'Mi. 7 "ii , 1 s I h 1 "Hit T'j- 1 , S V i.i S V 1 N V miMis I Tl II- II Si. In.'., ll'i'i l".tl I 'il til . '."! . 1.11S IHl'i 's' 'I'l', !US 101 KilS in.", !IS j ll'l 'I'l', il 'a i'' ! , ni ni is mis to-. !"5 il"S 'nil is', H.l'j HIS 101 HlPi l"L"i ", Il'i I A i,' 10 1.1 is !l 'I 'ill1, e.'.i "IM1 j I'SS '.I- 11' I 1111 111. US'1 'i'l I 11) til 11 I'l I .' 1 no i:n. II A. O fin 4" t 1 r,i'; r.i 1, Hell T 7s ids 1 1 in.! I .", 1 1M lii.TilCene I 1111- I l"3S t SS l"3 lOene I lilee lis' III.I I I.. lllll Lnko Hhore 51 8 4s '31 2.. . 82U I, Vv en 4'4H 4 7H t. Mien. 5s 5.... 1 l.uU ft Nil ill 4s a N2' Lou t Narh 7s 1. . "10314 Mhii li 8ta Is :i.... nan Mid S t) 5s 3. . 70 4 ..70 t. .70 Mln St P S Plo it 4s 6... 70 Mn, K ft T i!ml 5 37 Mo K ft Tes Is 1 504 Mo 1'llClOe n I 5 Iii 5 .. MS 51'int'u I'wr f.s tl... . 8' I .... SI Nash Chain A St t.o 3s 1 .. . t'l'i fllfiS.Ul lilPll't ltv I" 10.. . IS Niit'l Kwvs 11' Mxle.i 4" 1 . . . . '-" New Or T.v -I Misle 5, I lit'. I. "It 3. . fit IU . 01 N Y "Ml i" Is 1 32 N 1 ' in us I S , So'n I'nrlOo ! f Mexico 4 1 -1 r. 31 S'n nallw'n 4 il 3 I'd 1... 3SS 3 3I'4 Blan.l'd Oil ol 2 HIS Calf rein .1 3IS 1 101 S 5 34 S (I . tOt 'I It SlPXlto .! 7 till', 1 II Thlnt Ave hJ 1. . . is 2 31 1 47'i TMcvrnler Oil 2(1 . . 47'i Co 014s Vfl 25. . . . 47S 10. ... 07H li. ... 174 Colon I'ac 0s .'. 17 i I 100 III 17 It K of fl Ilrll 5.. . ITU I'tl 1122 III 17 10.. . (ll'l I't'il 11 ils Sun 0 . . . i 44 I' met Is S. 115 10.. . 31. V li ur it llrlt .1 . . 3114 t I'll 102') f H lluljli'r 3s I.. .. SS 1. ..70 2 !SS 1 7.SS 10 . . ISS'., TJ S Hub 7!i U K uf () Ilrll 1 . 100 A I'll 1037 1.. . UK) 3 . . 854 I . . K"1 1 . . Sll J...' 10(1 1 SO I 2. . . t'0 . . -L-l : rmaninifli .r il HNAHUAL UIKULFS 1 biiLuvraii; i tm O-il a bteel fi 25... . nl"i 1. . . I'I'j 1 .... IMS Vn Hnllw'n 5s 1. . . HUS 1 . . 2'4 3 . . MJ'I, t . N2S I .. H2'j M'lili.tsh It -tul 3 . 13 Wes'll lilrc 5 2. D5S Wn rait lie Isl 1 . w'a 1 1 ' . t . t 1 . 2.. 81 '4 MS Mfit 7 H8'4 . 034 OSS tlH'a ns'4 IIH4 tVlli-iin Co ev Mi f.0'4 Mi Tolnl, $5 l.'I.nuO iniim.iii'il hI'Ii II.II.IIOII eli.tlav. Thus fid lh, h..'U 270. HUH Ml V" ll'l N Y C 7s nln 1 In li nn at in 1 . Ol I.ihei'tv l.iliei'l'r Libert l.lbiltv l.ibcrt.v' .".' ". .. 1m Is... Ni I',-, -M IS". el i -1 Liberty dth -I'i" Vic Niiles :i!', . Vie Note. '",s lliRh HI. Uli .sT.lil! 7. -I I sli.112 IKI.IIS .ST.H DT.Ill 117.11 I.IIU 111. II) ,s7.-'t .s7.i; i NI.70 110.00 Ml.lll! '.I7.I1S '.I7...S 1I1.JL' S7.L'(! M7.I1S MI.7IJ 1)0.01 .S7.00 II7.IW '.17.-10 tn.1 i n.i ti i l i II. Ill Sr, ''I 1 s2 11 I li Isl "1.1 2 . "i" 1 115 C.in.ullnn N'n Hits rets 1 mis 3 101 1 HM' I tot I nns I 1(11 n . iniS luiS I'll I Killer 00 1 on i ll I'.uille 1st 2 73 CKhi 1 14s I I f k I I'l 10 C c 1 1 HP s2', Covt I' II iris I 1 I1SI4 IIS' j l'R'4 HS14 OS. ISIS ns' 8 118 C. HwluM lets 1 . to: 0.1 Tiunlt rets to 101 S toi-S i nii'3 3 . mis lluil .1 Man f.i 04 14 . (IP. Man In . 31 '4 . 31 '4 31 "4 ."111 .HV4 ill '4 111 Ceiu'l r.'is fl.. . Iit'i Ills Central I. Dlv il"ia 1 till lilt bum I! I fil 1 llinl 1 1 111 13 3 1"I1 101 New VI, UK I" 1 . . 07 N V Itwvs r.s 82 Alton 3'a 37 . . Sfi'i 1. 01 '1 " 1.1 II A ) li"b I S'l'i Cln II .V t' ! I 17 ',, 1 H7' l In A li 111 4" r. 3i s C i. li 1 ft ls 31 fill .5 II VV 19 3 . . 51 11 M -M.lt Itie il" hi lii.liiin.i A 1 I I... Iil li" Jan lime 2 . "Ul4 7 I'lil. .uii Mil & in 111 51 'j 10 :.i 1, 1 3IS tS . 34'j in. . . 5IS I" .. . :.IS I 31 . 1 .. .'.I', 111 . 54". IS .".IS I Isl V." il 5 N V Tele I 'j 1 7" I.. IS N V Teb 11 "'-s B sli'i NlaK !' I'vvi "." 1 IS 1 UP j Nfl, ft ! li r. 2 . 51 Nf li V VV 1 lis 1 KM '4 in KilS 1 WIS !i inl 211 Idl'i SO HII'l 21 I'H'j t 111 .Ml in I s Noi Hi VV"i.irn Dell Tel 7s 4 tni 1 . !'0S I MIS 3 "".'j 5 . mis I II'IS ,.N 11 I'm itle 3" I 2 .'.IS N'n Pacific li 1 . 7"!'i I 70", Onl i. 'I'rHii .'." NEW YORK BANK STATEMENT Drop in Loans and Discounts Time and Demand Deposits Lower New Ynrlt. I'Yb. 1!). The ni fjial run - jdition of clearing hnii"0. Iiuiikt 11 nt trust 1 onipiiines fur the vveel; .shows that they In Id SI 1 .71'-. .'170 irserve iii onc'sm of li'Kfil ieiiiireiiients. This is a di'ri'eii""' ol .S'.tiL'.'.lNI fl mn lii"l week. Loan" dertenscil SL'tlJltl.tlOO, the lotnl for lb"' Mirk beiliK S.l.tlOl . l.'O.OOll. UKnili"t .S."... ni'l.Mlili.OIMI lii"t vvii'k. Net demailil (e po"ils ami net lime deposit" 11 le I10U1 low I'l . lieails lollow : AViiK.vtii: Till" Week I al WhhI Im.c nm-rte lll.4sil.l,.'lii t!2 H.I.U.IO si r is 10 3.. .. (104 Clll.-ati. Mil A l 1-1 1' Is '23 .Inn 0 77 1 I'M. as.. Mil ft I Ml' 11 4js 25 r. "'is 2 3 c.'" 1 20 2 ... 09 Kan 1 ... til) I t Clileami Mil ft .'. sil' f.l 4".s , 1 I Chi. limi .Mil ft sil' mn 4 iji I .. 7"i 70S I . HIS 1 1174 Or. b ft Cal 5s 1 8'i P.l 101 (IS" nl 2 . . ll'l. 1 I'll '4 I . U'i. I 'IDS Truiia It 1! 7s I I ol I t)1 1 to.l 1 101 tu. . ,.i. 1 i. 1 t - -' - -" " tlui' 'l I'M L u 5s 1.2 ' I s.'llj 1"-". 1'.. ii.Iiiih l( Is '..' 3 S'J 112 '4 5 "J '!.". 2 . "1 .- : 1 s 1 j '"IS liullii. Win. I 11 ".4 . A tUillinV II .11' j 1 llfl 1.(1". ICan A . .". piilille m-iIiu 'it ' 2 73 ("11 N .1 ,-,, '" 8 lil'j1 n r,l) 'lil'.'ilv " ) Illv ts-oi k Isl.l ft "'', 2 . 7! I.ul .1 I ' s "IS I 7tS 1 u;i, 10 K it.'liil'iin it-' f, e,7 HI'. 1 00 ,St I, I'ii Mt ft Auxin-ale ii-selvi 51 l.!"7s mm r.lil 111 I 1111,1 Loans .'le 5 (I()S,7H7 inn) -, (-, ,-,:.-, mln 1 .ti.ll in V .mil M 11 n il lueinliei eailks . , 7'" s I. lino SJ ,'123 (Hlo 11. iri' In tii.'in- I '! lialiks anil r.i". Tie ImiiIik nil o.'S nun 1H" sil.' linn IL'siiie In Hale I'tllllt" anil tiusl ' 1 1. nip. mli'." s "jij nun n t'.'i olio Hi nerve In mi. ii" l..inks ami iiu"i tiiiiituny iliposl- tiulei. . II (I,"," inn) s i"li nun .Net iliitiiiml .1... posits . -a 7s,-,, Us. lino .1 MHI.1117 dun lime i1i-,.,.h.h 235.215.11110 2l2.lilil.lll.il i'lr, ulailoic ill. 257 nun illlJ-jnnu I'lilteil Mule" ll. I.I.SIIH ,V- illl. t.'.l ' . M nl., 111111 4 7 .".i. ilili) ACTCAI. Thin n.ili 1 .iii-l u.i It lii."" i,'".-lt. Ml. 722. 37o SI'" .117 5511 Auxr. Kill" re 51 I, "5J lino ".22,S"(i mil) l.iiiilis Me. .". mil. 150. UO'l 5.U21. iliai mill t'listi In lalllls tl In. Ill li.mki 77 111.' mm s, 131 nou 11. "i'l v. In 111. in- 101 ll.tllklt .111.1 i.-w. rve bunlts 4'iii il.M mm ..tit s5" (iiio II. "no In stai.' lunik" ninl fust . .imii.i nli s . " '1. 1" nun U7 nun II. .-. lie 111 Mat.- banks aiul 1 ru-t 1 ".Ilium i)eioi.l I.. I l.'S N.i .1. nn. ml ,... lo"lli Tun- ilii.iii" . I'll. U'litlll.l I . S 1I1 ioi.li" ilnlui inl lei 17.'. iiiiii :n, ivi.ono sTATl' I'.VNK.s' AND Tlll'ST I'dlllMMII-i in iiiiiiVTi.'i: m:vv vouii mit incli'ii:u IN ll'l! .NKVV V" "Itls I'l.lI.MlINi; IlliL'islI 1 11c 1 case ' .')..! mil) 3 7ns s.17 nun a 2.lii1ill.ni)ii 31 lo. mil) s 'ml mm nn o 12 mln 12, 1. (Id nun 34 175.U0U i'Iii. Ml I' ' tin' 'I T 1 IV 'I, croup was was up en N'nv itriiiiou uneliaDRed. I'nion I'iu. t the group to -nles betu-r t' n an eighth Thi 1 1 . WHS llbi'i'l ,1- i-toel' dn ismti nilV Me M 11 -l.leetrn tii'-t ' ( line i.f J 1 ,' Some nf tl showed i.i" li. 1 the viei-I, 1 n I of pro e nln 1' vv eek la '- '1 . lueses or Ktt.n fllue, nf inn 1 - r 1 rrnmbleii iimiiv ferott'Mi of 1I1. sp. the Ioiir " '! f tl Jlt lb'- '-ml ef iii. tedi" t ,niM i 1 .in fil Vol. lb ' - Jtei 101, '"nil". t ti 1' vvei-i 1 1 1 .'I . 11 have 'i , . 1 dm rr .1 I... a- ' i. ti.,. . mill I'. 1 1 v ' mllPoli I .1-'- " 1- ' I' III. I. "" "V liil'2 ' I I I 1 11 llllll pi.' ...I.I llely ll -t..i.v L'li . M ll HIV' ' lir.S m-iun-l .tuili". Tl nil -111 I iv. . v lib oil week etui I ' ' .'1 v 11 inia 1 1 iv a - "in l it 11 (tie ni li i nj .1. .. 'inii' "I I'ii ,. .I.11.1 1 "I '.1 ,:.;' lit J I .1. itli n ' ' ' i.f a I- 111.1l !'- I t ' , .11 l-ll ' "llllll. Ml' On 1 1 1 i- .l.nin si ! no'! ..II II st.lt 'llli-Ill teji.'llil- 1 iilld'Holl" HI UH l '"' .hit Ii run. Iiiiti bank !pnt it i 1 11 in- 1 oni-eiii" w re I rt -ip .i iiiuii" 1 w iii.io "s i.f fun u'i Of 17i Am Sf. II -J I! ill is t ..l Li.. M..I 1n:i.. ., .VI. 1 I'l I (" "1 I Illl' ." I. 1 In I eli N 1, ""11 l..h it 1 IT'' IS l; I! -ii is .i't l-'ii I'.. 1 I'i.. I" 11 . ..I ' I" I'll. ,,Ti -nil. I J. .nl 1 i I'iu Inn.. Mi'i N- ' Inje I'US 1 1 lilt 1 1 II I I is .111 li. ; 1 uv.-s ".' :. 1 1 ' in', 7IS -'.", -I V -,iv. 7"S I s itu, '.ii' . 7:." . nn 1 1 U'i 1 ." Oil l.ush M.uli 1 I i in 1 vpi.u 1 ,. 1 Itu II "'ill 1 1HJ No 2 r. I " " l.s". "Hi. r Kr.i.l mu li. .Inii of i . ' .' uii.l 1 1. .1 Hl,1 1 in .' N. . I 111,. 1 11. 111. 1 1 N . 1 1 12 "I'i -5S ill b ii ill 71', .". 1 1 . 71 s ; 1 , .He, ;i;i, .in..- 1 ' m,.. 71", '. ' i .in. 7H'I 1-S ..ui, 4 :n;i ,4. 1 "Vi lli 11- N.i " ,'j '.1 ,i ll'l" I.IIU l.liah I I ..11 N. I ' ..IS '".'..'.. IU 1 III III) QUI' I IP III. II. II It'll III I III III. I .' I.l .-',, 1IM), I'lriiili h pi. nlil!.. .-..I'ii .f No I m, 1. I 1 t t -ti I It 1 ,..'C I '11 "2 -v ' v ii'-i.itit.n' T n ii i 'ii u hie', .1'" 1 j' ii- 1 11' iiio 1 .1 . I 11 . . . I. .e . ll.lllle . . II. I til fllllii .' 11 .irki't nml 11 " 1. i'l, i' ' ek 1 1 rt liei i, .1I1.111. ! ' I- nn I rile- .f 1:11 11'- I.' I r 1.1 Pi ..f t . Ji 'li u.H .1 ' IV itie- li " 11 - ,pp.i-, t , : v' ,. 'n ,ii," ,. t , 1 11.1 -III . Ill .1 (I ll' ll "' I.' 'ill. A t ' llll-l' 1 1 I'.' l.ll I'V . I' 1 "W 11-I'l Mai hi ' 1 Hi" I ."'.( . it.- 1. 1. .1 1 I. it. 1 1I...I d 1 I imil 1 ..I t. l!n : l.l.ir. .- t', - III 11 t it 1 . t 1, .1 ' I'ii I V.i 1 .--i i - i -1 1 1, 'i.i i . , t leii 111 s I" . .1 '" 1 - ; .1 - in , I I W .1" ' V 1 " . n - I''. I- ."I . 1 1. 1 . -1- 1.. 1 , .nn- 1..I- 11, e 1. pt'ire . I.i' li Hi. n pi 1, 1 i, Allli'titf tli -I' t... 1.. if, j.. ,, 4X I ,.lt hnve lie.-n h ii"ti'ii I "!,i. . iiiiiti1' 1 tion in Hie pet mil ni ',-irif.' win proltls it ml wliuli 'i"l In 1 1 .nl. rt'. I tl,. ii' neope nt oii-rati ri ,r I ;it i'i, ,1111 time 1 ' 1 111 'I 'i . iiiiii tint vvomiii i''iiur.' the 11 iii.' nf i.irt iii". n lino- il.nlv t. 1 ..' ..- nf the Htlilk- I.IIW'MI ll" llllll lill-,,11 t , ll, ,i I Let level- vilip'li n-.-.i ,1 t tu up . i.ij. perut' d "leqlee I'l. 1 1 ill ,;i, 1 p.,-1 ! I 1 : ' 1 1 ., 1 . I'r.nl . - .I 1 .' .iiei j 1I1 in "iii lllll ll 11 Villi .Hid ! il l.l - . II n" I In 1 ., , I .1 .1 '. Ll i I . I ". I I.i . '-"'. I Hi i M SS '."!"', I"'. I.J1 .11' NS ! pi- Mln bl.l. .,11,1 1 m.i ,i;i 'J'l I U" -I.' i.llll li. ,1 ' . j- 1- 1 .1. k. .1 In I 10 piiun.i ' - -' ' M r mr.ilul.i i- 1 11 'i . - '1 uil.i s s ;;.-,. hnnl ni. .1 - fr'i - u.j.-. ,iUt Hhult puIhiu. J" 1 '' ' " ' iliai I7t7.75. 1I11. p.n ' - ' !" I 1 f p 1 1 .-11 1 . Jll '1111)1 in ...i, '.i,1"-." ,'.' ' '"'"s p.tiint. t.tmtli '-' N"' - I , ii .,, f,, , "I '11 '. l.M 1 .1 nil - .1 f 1 .1 .1 .hl-ii 51 "I. - -111 !.' -I J Illl ll . II. I Sl.l Ii Illl" .s ) '- . ' -M' i!j "kil 11 t I . -Ml..k d 2425e, hams ' '. - pi. ,. "h.iuliltl- I' 1 "in .k. .1 11". b. in. 1.1 ..k'j-l b.li'.'ll -'ll '.I'll, hi-; .in, I 1 I 1 I I I'i - VI , 1 : 1 1 r I:.. 1 1 1 1 1 1 1 1 1 11 i .1- . 1 . Mi 1 II 71 I . 1 r 1 1 i'. , - 1 , 'in 1 1 . 1 1 in .1 .11 1 1 . 1 1 ' I' .1 I. I-- 1- si.'ij sii 71 lie, 71.. .hi i.i; '.nun; no. or, s; nn 1.7 nn 1,7 on- 'i'i , '.nil, !i!M, :i 11.. IIS 1 1, GRAIN MARKET t hit nun. 1 '" I ' v. , mu. li imp! t 11- u'i' 1 mi: vvi n. r -tm 11, ..I 1 .1 DROP IN BANK CLEARINGS Be- ""n in i-"i (hit "' ti inn- in in .11 1 -I t. i-' . sji 11" r.i. I - - llll'l I v nt . iilui'i i' uh' Mm !-.' n' br'.ki 1 .1 .p.H lit. I 11 :i if. I ' Ilk Illl" t I p If- li.li Mill' b their nff on-" 1,0(1 1 Iv "ill ,'. I '1-1 iHilies w Ihi p pi . 1 11 , -1 pei'tiliiHi 1 .1 b 1 - 1 .t : llnei "'f short" Impiii taut nil' i" -Is in the 11.11 krt "ill"0 . m those pi-'ipei'tii " 11 'n 11 'li 1 , Jirospei III r I il" l. ' lieu up in- .,- 1,1, ihi (if lb m 111 i-t v 11 iniillt 1. i.lj ,.1 t . ,, lilTatr, anil -tun 111 bi - in-- mi ,111 n, tlreS 111 v -nil". Imi tin e-i mli-! I'd r (Idstlllll- vv Imil iverr fiirr 11 , in fin lillh'in -- i.Biiiis "'I Hie riuinilv loir' hi fill',' lie whi .itul llllll nn rm-ei ill. 11 fin illl"'- HI Illl pel "ll "1 ."lllll. I 1,11 Vl'SiU'il" "I v itli ,H . ml fiivm -....j. . . ..1 11 '(I,,.,,, kds 11 .1.1 . ..ni ii.-ii, M hi -' -1 Ihi., wn" 1 'liri'unl' "iiiim-sioii , ii--, .. hi1 ..pii.i'or- t 111-n In- vvi- 1 fin ti . dr.ip a ,nl- ; nu nn-' pi'i'i I1.1-1 .1 .viii.. 1 d t' at Sp.i 'i lit n - 1 ar- ,-:ii. Local Excnanges 7.9 Per Cent low Same Week Last Year l.l 'II U' ..I M,. I". .ll 1 ll'lll'lll- I 1' 1. Hi .i-ii 11 -In. vi d 11 del l"'ii- ,. ', 'in. 1. .mi b.-inc s:,,s7.n(;.". s I 1 17-' I IS.' till" week 11 ii 1 111 nl 7.! 1 it r 1 "-nt I'M L'sl. I.i-t Ittatl'iic r-sue- aie lie EOOll ih il "I ' "III"' I HI"' hi in rtfi iiiiii. 1 .nl ll "Mi1 '1 1 1 li.t'l b.ii.s'i' f'"'n 'ha' o lnti". 1 1 in.; tmi-eil iii "' Iv Sou in -h t'n i-. wi npji t. .1 ' 1 In- M. on id tf.ivi 1 niiieiit , ' 1 1 111 A 1 eel linn .111 1. il nt SI 'Si! 1 1 t 117. .ipnti-t -! ''s, nl "1 V'"' nln. I, ill 1.1 In I ' Nt '"'. M.iv -'I I at v .17 I.. -SI .17'. nml 1 ail. "I i" Nl .v.', 1 It. I i..llllte- 'MM'' t" tell-ll I ,-n iipemd weaker. Inn 11I-11 ijl Inii 1H.HI lln I""" tl' 'HI TlHlle W.I- llt .lid mix"''! I .11 er pi- vv.i. p-.- Ii.nd he, ml .- 1 I low i-i li'tnpi llitiire-. 11 liur iiniuirv 111 P.- "I .HI tin- rleiiiii, niiii-i- .1 tl.' I nii.'il Slut"'". II- ""in ii li" I,- 111 1 '"limi" r' in' and I'n nn inl 1 1 1 "in. . inn- 7.IH'J..1I7 I", "-in 1,1 1 ! viiih .- .1: .;. IT'.'.1'-"" Ho - VII 1 h 111 I'l'JIl "1 ll luss Ilf I.'I II H I- , I 1,1 mip.i: l-nll- follow 'l.l I'l il . 1 I I. .1.1 I ". .1 IS" si, , Jst ..I s... .171, 1 .7 I1.1l "i77 iifl ISO "71 I .' . "HI "JO 1 I'l nntl the b-I.ef pr" v nis Mini tli iiiri.'ii" jJl'lOH."!-- "if lllll slink ll.lVe i-iille Illl" l RtrtniR band" mi 11, e loieut movement Kill OIH' quintet , il is inn-ted tluit -ouii.l flnveNtment'i run be made in I(end m: fcfimt tiri'ferri-d win. 1 1 with the I'urh 1 - iSlvvO1'. Wl'l ll" II "" IO H't II1VI-I"! of ylsiwily ifi'lO ti "li'ii't m li'i li iiii'i the pief t V.roriilal tlivid' nil nf I per pent will ie n Hrf iiKonie of over 0 per cent on VMU 7 vidi ip " iif 11 fnir lm- 1 vpiii I w nn 11 - 1 vi i In 1 In-i k -"''liiiB M.i.v "iietieil lit ll'.V',. 10 (jl'j. and Inlei sold HI 11 ml mlv iiiiii' of ' ,1 ill "ii. .Inly vvus iiioteil nt 71 'e to 71r in the nulsel iiKinn-i 71 7s" ill I he end m -ti 1 ilav anil '.illii tl 10 71 ' O..I- vveieipiiii Small mitiil h -e-1111.' reioiiied I.n opened 's' Iovk r 1 1. 'i . li.iiiii, .N .. .1 l7 T7 .' 1.1 I'l'" 01 210 137 '3 I'll 7". 'H'. "7" ''lli I.'I li. -. 7 I. '11 1. - l '-1 .71 1 I I ... s'.. .. 1 1 II '.l.l 40' I "7' '.I, 11 7 I lull 1 I 1 iiiiii uftii aj s 7- 17 .M 11 11 j I.' ""." l.'li 'II a 1 ' ' ' - ' 1 Ivanei Ki. .11 ' ' 1 ' 1 11.' v, hliih-i.ii.iini. , - in . a' 1.1 "1 -I- IT ..'.nils .1041,1", i-met 1 r . i . v .-. 1 '.1 s.h. fii 1 "is j..bi.inx ai WIW0K fin fi-r fan tu choice. ."", 11 2 loivi 1 I 11, ' V' I ti. llii-i-. IJ'l.il.i. i.n- 17 1 . , .1.....11 p. .,ri.v , ur, , ' h . 1 . -1. ui. 1 Mm iiit .in n 1. 1 l.,i Iii'h Ihvii r mililh 1 1 11. .1 jks jiilif.lnif nl 11 '" 17. t 11114'.. . '.ill 1 bu' s'railv '11 ij t 1 V 1 . " 'ell' -milk Huts t.im ' ."'-. .1.1 f.nr t" 1. I li M f.i iv frest. JI'jW.'".. I.. 1 1 fi.sh 22W-'I' I.111KI1 in ii . ! fn "li -'! 'I 2114. nr.u'l 1 I J-U J" .1.1. fnsh .'H27i 1 J ' " ' n. . - I lain 1 Ii. I.I liiiml" :10 "' .11 i.lVli I'l'l-I.TIIY l-owls, faney, 37SSc. ti Hutu 3-,ff8(ic; small anil lnfn ir " ' wilt. Iv-ilinna f.ivvin 'I3,i,c '.' . ii" I r.iil- m 4(11) Hi vouti. -' ' 1 -fl uie.lt.il, .'l.'ilt.ll.i . s( 1. . i 11,. ,,,- h '.71I2IK olil rmisliT" j 1 ''i III, 1 in v 5fi 52i il 1 nl. 111. ii I . In v Ii li I', kill. 431 I5i 111 ' r- 11, '1 ij, , Muscovy. 2"'i3nc k -"'' .' p -- 1 -i ).. r pair .W(l HO. I i'l. s,u, I'oiii.rilY Tovvls rrenh-klllsd I' I'ii-i. .1 ill p., xi s VV. Isbiliu 111.. I VI p' ' ll'l. VI. istltl.l . . , I ' 17 l.l 1 .1 Ih. :'."". I 1. I ' 1-1 1 I ,11 1.1,1). , ill- l I I 1 ' I. I'M II" " ' I' 'V -' 1 - .III , I 11. 1- I .I.''! .4 I . rht k.r n wet rn dry-packed J ri )hi. s W 'line I ' j .", Ins ami oiei ail . '1 1 40 . ivi. ui Inn 4 Ibn .I?:!"' rns,'uis' I, 1 -nn .1. m. rn Irv pai ki-tl. in bbl" - VV . , 1(15 !b. aii.l ninr apli-cs. 31 C I Or fr I vn-HtiTn dr. naiksil tvclRhtnfr 35? 3 ",i". pli 33W3V hrollcra. western .trj-p lc-,1 sr. xlilnv l',tJ'- It's aplsro 13W4.-H ,1,11 1 r, ma. by v 'ki--ik I'i 62 lbs a 4(10 1". inir ik 1 hlckuns narbv vvrminrn III' IP, n ll'l .iv. r iplerr ,1'lfflO f v . inn vv. I ) -l r.ttVi His. flpl. '1 1 Tt ff. 1 ',l,i fnni-v V'riiln'i .1 -1 We-. V.iu'tn.i til 02c; do, lift westsin 1I11 ltii,isl OUv ilu do, old li)m ',.' IT'iilr. ,ll 'I f Ir 1 l-.vnl 45ff'0- ri 1 rn"t., 1 -.1 211.' iliieka. weni..rn, ran y 37 V FOREIGN EXCHANGE V.'ii imi,. I''eb. IU U 1 In op-imil; ..I il .- fun mu i-xt'tuuiKii ni.iilti't tlu. 1 ,..llll,- s'.itin-; VMlB Hti'.llli nt .1 K.iln ol 1 . nl over -.estetihij 's tlii.il ut .' vT1, t'.r I'.ilih k nud it.Siiij for ih ip.ind l-i n 1 - nilii-j- i.ii-rs ib-ellnes w.t. .-tah-1 -Inii .11 1 i- start from I 1.1 ,". -emits mi li 1 v . -n iilnv s low (lituies I'limei ni' ii pmiits, to 7.11 'j fur . il.le- and 7 I" . lur rhi i lis. Thete had bei p iUi 1 limps it; late .v eslei dii.v, ns Idvv aa 7 I" lur tiaiii-s. bin these w.i.- 1101 mn t in:, il I, in-rabies stilt leil in two -,,mts 1 iv .., .,1 . p.! 1 j imil t In rkn .: (1 ' 1 ii'n-r ipiui.ithiim were -VIS" ,.lbl(H IC'il, rlli.lv- 1 1. .il : u .:,'. 1 1 ihli- .14.25, flu f l.s .11 I.'. hm-1.1- 1 1 til. s 111 '"7. i-hei'hs it'ifi, ",,)(. 1 1. 111 1. ihli s .'.'40. chei'liH 2J 0)' 1 "lui. -imi .1 1 .lilies 17.10, ihi-t'liH 17 35; Cup. n li.iin 'i i.il.h- IS 11.-,, eheelts 17 ''.'., II. 1-,-l.m . ,,i 1-, 7 4 1. "In i'Kh 7 40 ; mm Its I C3 'Ihi I 'n.i. I't posit Hunk, ui' Iviilim i.iit I', , , In . 11 .iilinlili d 11 nn mli. 1 ui' ih. I-.. I. 11I Ki-i-iM- II. ml. uf I'l il.nl. !p' hi I h.is 1 i.ipn.il uf $riii,ili)i snip! s :0 . .. iii. I tul ,1 nsoniiis v' i;; , ,, i,' 11 11. Hi "late iiistltullon , 11I111, lu-il ,1" ii'h, In 11 bill Illl'" e li,u - 11, ,. ,, . 1, . 1 1. .1 inl" 1iiilhn1.1l b.iiil.-i I V I - i.HI. VV r l-IN XL tjl HTA'1 I"N', ,,, luiK I'l'.llH s till Illl I". II. .1 Sil, 7 I'l 3 111 'II .'ii . ..1.,. - :i s7j 7 21 11 no .ii .in I "I'll - iiI';MM! yl'tlTATIfiNM j-ierllnw Krapis Lire tlui inrs ' I.. . ,1 1 Ml". 7.101 il IW 14 1-, j 1 j, . - il h7'i ill1 II l.3'i 31 , I 1 I ,in- Nfl fjrorATIONH I si ri i. l-'rancM l.lr.- n 11 .'i' ii' i I "!'. 7. 111) II i.i .11 I . Iii..- I S'.', 7 OS 3 "l.l ll .'.'i I BANK CLEARINGS im Mil (i'i i pi A .Nwii urn I .87; elm 11R11 4. Nth VV II llljH vrl . Ii'i'i ll'l', I 1"'"', I !"9'1 I ll.i.iku f. Mb West'n 7s 1 1U2-, CI 1 Itallw's lis 2 HI", HI II 'H IC HvU in 7 . "I lui, 1 mi". K It'll- in 1. ts lis '.IS S"n Illy 4s I Si I. I 1 A S 71 1 I PI I. I'S'. 15 !""', i! fllj I I'v'iSl I. ns'" -till so", 1 '"S'.l :i !'" IU '""'il 2 ll" i.li :- c In IS'. 4", ISI. S I Mill l.l "it " I 1 ' 1.1 ' III-. .1 S I'm 1 1 2 I'.l'n Klrnlnni Din- Si I. . "II", I murk ct S 1-eil iil',1 1 .. "',' ,-, Clil. ao ft Il'd' 1 lis', '. 1, i. lic M 1 . ns 1, 7 !, i'1'i! 2 ns isi ! .'. Kn.i f I 1.7", tillla.l.Mli Noi -, I, l.s 2 ".. ', via v 1 1 S" ,7 ,; , I . 07 '.I I !')'. ,S.iu V,l'.,nil & til ti il Li.ii tl 4 ninl tl HllllMlll. lii.lil ('Ui rein v lilllll, tllltl'M I), p.isiti. vv I l li Ibe IViler.ll It. Hrvt- bank nf, N. v Yuri, T til il. ni"lt llepusil". e I 1 in lliatlllir tiUliiunt" lm fruni i r. e 1 1 . 1I1 im-i i.irli-" ninl fiupr "till 1 banks lltel tiust lullipani.--I11 .N.-vv Vnrl, . (iv 1 . iiiitiur-s nut il. pii"ila liv Cnlleil Stat.." (I 11 v e 1 ti in. "Ill 1. i.i. 'i il, i.i 1. .. . f bvil !. . 11. -. rve 1. 11 ,!- I..1-I1 l-.-l. . is me nt ii. .' I v li- r- ,-. -,"l I. Vi 11111 il VI I. Ill" Iii 7iit lino I. u'i 7711 "im tu.-. nun 411 llllll n7.', 'inn 1 ni'.' 1 no 1. .,". 1 nun n" in 1 limi '.'i t 'i 'p..' mn 1 i.i" mn nti rii'iaau I'nion Mu 4,js (I . in, I -i'ii 1 . sin, KIiibs i'n lib . ' 1 'I.i is a si 1. ,n ! iu '(il 1 I'bil- I A I I . 1 beat, il 1 C5 I 1 fl.".! I , 1 '..i 1 "l L.ii I. sp p ... 1 1 72'. I li'..i 1 7 J 1 Ia' I. :-ii el Tii' 7'."ii t 7'. Scab .1 li. in. Ss l.nl.f. Slime M 1 li.'.'jl '-.1II111 .1'. Seib .1 1 I B 4'j 1 1,, n 1 1 7.1 .. 1 Illv NEW YORK COFFEE MARKET Nevv Ynrll. Pel). 1!'. The 111:11 liet for eoffee fuliiii'S npeiieil ft tun 1' lo 7 points lower iliir. illumine, on poor inble. It wn, lip)' u "Ml I that III" liinti lo the -lute id S.10 I'aiilo had a- vii h.nl liltle 1 ffeet mi the priui.irv mail, el- and limi not M"'" I -liniuliiled niui'li 11 e iv lm; lui; Iii'te !'. '"'I 'I'lie furl tluit tin' loan has now been , iin-iiiiiinateil bus failed In furni-li the -tlinnl.int t'lporteil lieie. and lie mai kel. itisteilil of lidviinriii'j, li.is sliiiwi'd a dispiisiiioii to work lower, piins, aiier the 1 all. -a(ii;iiiK 11 ponil 01 two below iiiilial tiu'iiifs. Miit'li i" now believed to depend oil let eipts Is 112. '.'.", I. HI 33'. .13', 1 r 33', .11 1. r 1 3S , 0b 17 IT ' . V. i. i, 11 1 1 IK li I."" 1 l... 1 l..n ii I.'.'" 17 il -,' Mi ui. 1 1. .'. I P. I Ml 11 ; T.j 1, -,7 i,.7l'if Ti. ll si u.i a M.'t 7 O. '. ti'l ll !isr,i 7 01) 7 11,-, 7 Hill .'I 7 2.1 IMI'. 7 I". 7 III 7.111'rr It 7 I.-, 7 .'Illl illl 7 ill "- isl 7 "I 7 7s 7 7s'ti7'., 7 s", 1111 7. Inl'' '1 1 7 inl s il.' fl 11 ; s p, 17 'i . I "I'i "I'l s I 111 IU s pi Impending Developments, For. oign and Domestic, Cause Wall Stroot Hiatus AWAIT HARDING'S ADVENT New Ynrll. I'eli. 10. The eW York Herald's Itnnneinl review of (lie n,.rt, follows i Whichever wny Hie ininket fnr , nirltleH mny ultliiiiHelv gn. 11 u litlp sign tlilM week. The oemlirnne,. of innllon dlspliiyeil on Tuesdii. ,irnviI to be Imt n very mild Hash in 11,!. ,' 'Ihe bnlnni'e of the week did imi , on. A rntlonnl roiiieptlon of tin- nn., ent Mute of things comprehend , tations ns to business fxpiitismn it , excludes too facile idens vvilb re-peet ( .1 highly spectneiiliii' lcvivnl in tin, nntl Industry. A long-draw 11 rliniu ot tlri'iiinMim,,. biouglit (lie iiallon into the slia.loii i deprt'ssion. The best Unit tan b,. , now, perliups, is tluit the road mn ,,, been eiitefeil upon. 11 roail, 'piwiv.,, which may well leveul mil turning mill tiiesome Mietclie.". The Iii 1 mil" t-tone will he the lumigiirnl at ,i itigtnn on Jtnreli -I. Willi htn-n ...emc to tli. ilk it likely Hint that oeen-n vv ollhl be inniked by 11 forward mm, went in stock iirlres, but tliere va 1 (tl't'iil conlidciice that if hiich "lioulil I, tin' cii"i It would menu more thai , innmontnry rolled inn of u eluin;, n, tionnl iidministriitioti. vvht, li n'vin can ies mi iniiii elements of hopeful!,! nml ngi ceiible iiiiticinatimi What hnppens ntter tlepends on iv e is done in solviiis both foiegn nml il,. inestlc prnlileins. The limim ml ion liilinity is wnltlng mid theie nn- no 1 lusitins nhoiil what ll i- wmhu; fur Tlie innrliinery for iiisiiii; Iiii-hk. 4 forward bus been piov dcd. but it din not very well operate until the w.n lm been clenred by ilisposilion of llm (ir, iiinn indemnity uinlter mid of 0111 o Heat adjustment. Supreme Council to Mrel Tlie meeting of the Supreme ( mim 1 in London closely coim ides uitu ti incoming of tlie Harding regime :, oml iudiciiting the nttitttile of Hie tuo tddes, however, it will iloiibtle b, many weeks, if not iiionths, befnrr ilelillitc K'ttlt'luent nln lie leneln-ii Mt'iinw lille the pros nml con- will he freely tli"i il"ed. and the pi ogre - '0 wind normal conditions will proli.ili f be irregular. The flnnnee corpnrntini ingtini.i'il in f'liicnco reeentlv ami 11, new lorpnriit'on iinnouni-i'd llu- wei of which Paul M. Wnrlnirg N Hie lieid represent tlie snme motive vvlinli aetii iiteil the P.ritish premier in delive m; liiinsclf of Ihe appeal lo the r.iicl, banks to take 11 share in the u-K of lending ci edits lo tlie impoveri lied 1 , 1 mis of Puiope in order thai Hie , velopmeut of vvoild tnnle uiii.v imt Iip 11111I11I.V liaiiipcred. Tin- iilii'iuplo.viiient pioblem i.ilb f.ir solution in ever) countiv Mere tip. ti mes lire lnrgc. although misleading so, inissilily, since the ronipiiri-nn -genernlly inntle witli war estimnli". rilther tliiiu with tho"e of tin imrm.-ii period prior to the war. VrverMicli it is iiiiemp'ovmeiit as 11 fad I lint iiiu-' be fared, and to overcome the pievnihni; tiiiiler-i'oiisiimptinn by providing lln menus of (stimulating interniitinna tiatie would seem to be the unit win out. Hence tile vital importune m ii men-iires the new Piesident nud t new Congress will take, and I lie 1 cililv with which the treat v tiegoi lions will proceed. Foi civil i:ih.iiise Set ll.irk The foreign exchange" were m iiinin strong until Tliursdiiv Si. udviineeil to the higliest point nn ' movement at m.U'2. Prom thai it receded to $'!. KS'i on Thiir-iln- ;i to below i?:;..SS on Piidav. Tln M'thiitk was proliahl tine lo th" i" illative pu"itioii resulting from tin i vious inpiil ii"i'. The stntenieut or t Iti itir-li clinnccllor of the oxcliequ' 1 ' Cre.U llritiiin was making prepara' " for pa.viiient of lnleret on it- im icaii indebtedness wni utiqtn'st irm.t. 1111 inllui'iiii' in the "lei line 111 tin -Hint it tended to precipitate i''.V sales in nil event about due Jt should lie observed that Hie fen nl cluiiii has been n deterrent ki' In thi' pm linnges ii)! along and am a inngeineiil whitli may now he '! ' .should serve to give freer plav m ' iiiaikd lor foieign purreii"'l ' contiuentiil rales in most ca-e- mi ihe lead of sterling in a uairow r ur There would stem to be nothing ' ' situation to militate ugaln-t 11 i" recovmy of tlie loss stistnined m ' ling. .Most llniiiieiiil ob"ervei. 1. hi 1 to the view that sterling advance close to the SI level, n' 1 it could it'iisonnlil be 1 vpci 'I "labillze. The IitilMi bankiiu n ' has shown steadv impinvemi ni 1 the reserve iiltin stood TM pi 1 ' the lust vvtek of Dereinlier. Hm I" ligure in the present genei.ition 1 ' figure has been doubled in I lie im r" ing week", that i" to "in 11 M e cent. BAR SILVER I lunii l n bar sllvi 1 vi Ynil, toil. 11. iini'li.mg' "I luwei. .it 57", r I" I.',; iliuppnl '.(I. to 33 -,"1 I . si "nutation Hlllie "v-uv when the nil-till s""ld f"r . I lll ti.iliiv "IL' llllV "IHI ll II 11121 l!'2"l Ml.'. I"'ll .'I'll f T 1 57l.3"2 12 171 Il'i I I 127 lltl ,'. 7J2 rt'-ti nipnre.l Willi 1 r.r 111 f 1 I 2JH. .''"I 7S.1 1 17 .V" 777 "I2"i MONEY-LENDING RATES I'lllt. Mllil. I'll! f'.tll, fi per (onl, ,11 1 r, pi r rent; ponnm rrl.il p.ipi r, I 1... n si Diunths, 0 lur emt 1 Vol.'- The-ii nil' inetely 1111111ln.il quo. ii , 11" .is I he It-Rnl rate of uilerrst In ' ,. -tine nf Pennsylvania In lluil 11 1 S ,,r 1 rut Pin- piiiinuio ;ind roiniulsston, nn. tnoncv f-r 1I1I1 ty to nim tv iIuvk la ".ninl a l 8 in P'.. pi r cent, vvhilr ioni i,iii.il pupir, from tlneo to six innniliH, s b. ing "li'i led ..t H ID U'i per ei nt ) j I.DVIIIIV Mom .1 . 11, r 1 rot I n 1 lilllll pei nut; thru- month mils, 1, ', 10 I ii 1 Hi pi f (1 nt OUOllll ,ll ,l rotes slioit hills. 7 w (rn SnWS.'. if nlil- Ili6)).23 ul'l 7-17CS'. "iniriB DIVIDENDS DECLARED RAILROAD EARNINGS VV VPIAN' I'V' il'P 111 I'n nntl Int, r sold al IV, 1 .lulv ' ne to I.Vji an-l moved up, nneneil n to ycntiTitlfij's last price of lfi'V. I I'lw JTcrrase. III. I i . I, ,.s. , i 1. j 1 oi, 1,1, , (.on nun M "1 "7 1 t mm I l. . V I , .., 'I 1' 17 ll. 11" I ,1. 1 11 11 " s III iy"- 17 I 1 t" " I 111 (I ,1, ,neomt 1.776, .'D.I 33(1,110 -1 " imva l uh I ri 1 ..ml Curboii April I In " Him ninl 1'iipi'r 1 orpi.r.n 11 Per 'I .11 1, rl .' 1 r ni payuule .llnrili II i ntoik f ". ml 'lur, h I ", 1 1 im,ii ( n ipiHilr r 1 I , , I ,r V I . . ,. , li . f ninr I V j; Ivi - K I 1. "I'l 11 ' v ' ' I . p. I I , ' , , l Prfllllll V .( I , I r 1 l.-i vv 1 mi, , 1 vti s 11 until ' , 1 on IM able ilsrcll lo tu klixk of r -oril .March B, '; Local Reserve. Bank Ruling '1 tie 1'itlil'al liisi-ive ll.mU 1,1 I'hll.i i, ''...I I1.1S illi-ll'llitlti il l litter ll, .ill 11 mln p limits in tin- Tli It tl I'tdii.tl lb---live ill tt i, to Ihe lll'ilt llllll, f"l Ihe pii -1 in, 1 b 1 lis drawn on nouun mhi r i,,i.- b.inl.s lm an it In North c.iiulin.i 1 1111111I In 11,', ,'ptiil by tin. Phll.nl, ilili l.t ii.tiik foi eiilbillon II1101111I1 Ibe l.'itl, ml It. serve llntilt of Itlehmoml 'I'lil, Is dm tu n teiiipoi.iiy rest 1 .lining ordei which ibesi InHtltutloiiB havo ontnlned from the Superior i'iiiiii of I'nion i-ouul. .North Carollnn, as plnlnilffs In nn Injiiuriion hiiII aganst the l-'rilernl Ht'herve ll.iul, of lllt-hnionil National Acme Passes Dividend New nrls Ft b 19 The National Acmo Co has passed tho riuarterly divl- n mo oupuai etocn due At thla time. . We own and offer, subject to sale FREE OF PENNSYLVANIA STATE TAX AND ALL FEDERAL INCOME TAX $500,000 City of Philadelphia 30-Ycar 5 Bonds Due January 1, 1!)51 Coupon and Registered Bonds, Dcnomination- lntcrcsL payable Januaiy ami July 1st -K00 Ufjalil! approved ft Messrs. Morfan, Lewis tV: Ilackitis, I'liiladclphia Price to yield a return of 4.70 l.-liihllhliril riri.'i BANKERS AIO CHESTNUT STREET, PHILADELPHIA Members, ol hen h nml I'hilutltlphm Sn,cl; hrclutnicit A -! I jTii.. i '-'Vi'fVvk