?0'fi r " x "WM" ' OTTO" V ' 7 ' VV$3? ?nF M V' 'r1r '- 18 EVJEtflKG PUBLIC LEDMir-PHlLABELPHlA, MOttDA, fctiBJbtUAttY 51. ML y-';tniit!?'",i55'! r. i3 HP 1' ..4 II i: u:r r; i r.1 II K r t w I 1 L" ?i m, .! rL'f. m I; A ' :-v. j; S: ' '; je-VTc At llfri h k wra "M HOUGHT SOLD QUOTKI) pruce 8200 U.S. Treasury Certificates DROP IN STOCKS NEW YORK STOCK EXCHANGE TRANSACTIONS ALMOST A M All Issues Commercial Trust Company Mraabar Fnltrml IUtt Jrrtraa City Hall Square Wert T Crippled Industrials Lead Gen eral List Into Now Low Ground wmmW SfH! '" Copper Export Association c ' u at Yr. 100 8 Notes and interest BATTLES & CO. XttaMliAect 111 Independence SqTsr (Kilt) mmm nHiir-iMBsnavwunJ Nmv lark,. Feb. 21. The wtock marhot b opening wm eloo to panicky. Crippled IndimtrlnN, which dominated trading nt the end of last week., con tinned to be the bell-wethers that led Hi" cenerul ll.st Into now low ground, Atlantic Gulf and Amorlonn Woolen I iid precipitate drops, tho oils and cop pers wore under severe prrssure and It una only the teel Industrials nnd mils tlmt nindo any show of spirited resist ance. The announcement of the susnonslnn of n prominent stork cichatigo nrm, J which came just as the onrly Intxlnes began, lmd n most ll.mulctin(r Influence en the trading situation und caused many closely held stocks to be watched i with anxiety. I Tli" market for leading stocks wi ' , also hurt to an extent by the fact that mere wan a dejree of ntxenteelsm prev alent, due to Interruption of train I kervlcv due to the storm and because of t.- w.Ml.. L1I.I . . i. ii- iiiiiiu'4 umiuuy tomorrow, Atlantic Oulf and West Indies fol- 1 lowed Its loss of 15 points on Friday i rnd Saturday with another violent break this morning of over 7 point, carrying ii. t- in uc uukii in tirJ. .l uir Mni'' time the preferred yielded i.'U, points. This spectacular drop was accomplished j 31 by the announcement from Chicago that t minority stockholder'' had taken steps .to obtain a receivership, charging mis 1 management and dissipation of assets. The stock recovered slightly from its j i xtreme low. Mexican I'etroloum had a loss of 4 point nnd Texas Pacllle Coal nnd Oil again wos in supply without any near , by demand to bother It. For n time It "ooked Ilk- the whole list micht fold up, ' lut after the rlrst hour supporting i strength began to appear in spots and this was sufficient to Mem a complete 1 rout. Dlv Snles In I 709 cat 2P0 41) SOD 10 Ho lot 1300 00 400 4AA 160 2401) 100 400 COO 400 200 (00 300 3000 MOO (1)0 300 HOD MO 3IS00, 340 300 V0 700 110 100 M0 43JC0 300 100 14300 Oil 300 300 4H) 400 100 100 TTI.ri yvjax KUDDer 2M .. Alaska Juneau O St,, lyj 7 Allied Chem Dye.. 4l)i 4 Atlls-Chalmeni tiiy, Am Agrlc Chem tl Am Beet Sugar 40 fl Am Bosch Ma H .. Am Drug Syri t) .. Am Can aj$ II Am Car A Fdy ,M .. Am Cotton Oil 'tm . . Am Hide A Leather uf 44H 4 Am Ice 441,5 Bonds Investors should ask for our February Bond Circular. It lists many attractive issues of Government, Munici pal, Public Utility and Railroad bonds which we are recommending for investment. Harris, Forbes & Go. rino Street. Corner William NEW YORK PHILADELPHIA OFFICE: Wldcner Bld. LOCAL LIST MOVES TO LOWER LEVELS Electric Storage Makes 11-2 Point Drop Home Shares Hold About Steady I An accumulation of sellini; orders: in i thin market was responsible for n 1 Vj- point drop in the shares of the Klcctrio i Storage Itattery Co. in the opening 1 local market today, his was the feature of the day, but u decided tendency to' 'lower levels was apparent throughout the entire list. Declines running from 'the smallest of fractions to a full ixdnt t wero scattered nmong the various groups, with sales In most of these stocks that were confined to the small-1 est of odd lots. Halls shared In the general weakness, 'with Lehigh Valley sacrificing a full point nnd Pennsylvania, which led the group, off a small fraction. Lehigh' Navigation fared better and gained a half on very limited sales. The strictly local stocks held about i steady, witb very little belns done in i any of them. Philadelphia Rapid Tran sit castd off easily to 17 V4. nlted Gas AtO 100 100 300 300 I.T0O 100 1100 AOOI 0 too 7300 100 300 00 300 11 00 1700 00 300 300 10 3800 too 1W 10o 300 TOO 140O 3f0 Am Internet Corn... 4SM 1 AhvLa Cranes En&. . . HJi 3 Am Linseed 4014 Am Locomotive 84 .. Am .Safety lUuor. . . . 7H . Am Ship Com 10 4 Am Smelt A Hef 4K 3 Am Steel foundries.. SOU 7 Am Sugar nef s 10 Am Sumatra Tob. . . , fi 7 Am Sumatra Tob pf.. j A Tel A Tel MOW 13 Am Tobacco UW 13 Am Tobacco B II7M : Am Woolen it 7 Am Woolen pf . . Am Writing Paper pf MU Am Zlno A Lead pf . . s .. Anaconda Copper ... 3H 4 Asso Dry Goods. ... ,, H Atch Top A Santa Ko W 7 Atlantic Coast Line.. 83 10 Atl Oulf A W I 8 8.. 4U 3 Atl Oulf A W I S Scf S7 .. Austin 'Nicholas 10 7 Baldwin Locomotive . 80JS .. Baltimore) A Ohio.... M .. Bethlehem Motors ... 3)4 3 Bethlehem Steel 13 3 Bethlehem Stool B... 7 .. Booth Fisheries ( . . Brklyn napld Trunslt 1914 10 Burns Broa Bf .. Butte Copper A Zinc. . Hi .. Butte A Superior Cop in . . Butterlck lj Caddo Central O A n. MJt a California, rncklng . . A4 . California Petroleum. 40 2 Cal Zlno A Lead H 10 Canadian Paclflo , ...118i . Central Leather 37 7 Central Leather pf... RtH 4 Cerro d Pasco.. . . sajj 10 Chandler Motors .... 70& 4 Chesapeake A Ohio .. 4H .. Chicago Mil A St P.. 37 J4 . . Chicago Mil A St P pf II H Phila. Elec. 6s, 1922 U. G, I. 8s. 1923 Gulf Oil Corp. 7s, 1933 Chilean Gov. 8, 1941 Penna. Pr. & Lt. 7s, 1951 Tennessee River 6s, 1957 Amer. Gas & Elec. 6s, 1 92 I Copper Export Assn. 8a, Serial Steel 6c Tube Co. 7s, 1951 S. S. White Dental 8s, 1930 Improvement hardly figured as a market . factor, trade In this Issue being very 1 light. Cramp's was off on a few sales. Ponds fared little better than did the i stock list. American 0!o.s and Klectrlc lis were up i! points on a single sale. The largest sales were in Philadelphia Electric first fis, which, at S.'!1. were unchanged. The general securities list continues , to hold steady, despite a certain soft ness in some special issues. The out sider has not come into the market and. while there was in the closing doys of I lust week an Indication that securities were emerging from the extreme dull ness that has settled over the market ' since the beginning of the yesr, board rooms of the principal commission jn soo houses still contain many vncant chairs ' l.too 100 ,. Chi U I 4 Pac Tfc . Chlls Copper 11 Ji . Chlno Copper 3tH Cluett Peabody 33 . . Coca-Cola tOJi 3 Colorado Ful A Iron 3 . Col A Southern 33J5 A Columb Gas A TiWa . A0H 1 Cot Oraphophone .... M 7 Col Oraphophone pf . . 38 7 Consolidated Cigar . . Siy3 7 Consolidated (Ins .... 60V 8 Consolidated Textiles. ! 7 Continental Can .... 87 . Continental Condj . 1H 4 Com Products r.ef . . . 76 aoi S.C0 Coeden A Co J0J4 4noA 8 Crucible Steel 04 100 7 Cuban Cane Kunr nf 3 4 Cuban Amer Sugar... 31 JJ .. Denver A Rio Grande 1U . Penver A Illo Gr pf . . 4ft 1 Home Mines 14 H Ck Horn Coal 19$ 3 Kridlcott-Johnson . . AOft Krle 1H . Krle 1st pf lt 8 Famous Players L. . . ASH . . KUlc nubber 14H . . Froeport Texaa 1H . . Gaston ffm A Wig.. 3 . . General Asphalt )( A GeneraJ Cigar (1 8 General Klectrlc . ...liltW 1 General Motors 14K Goodrich B F 37 H 7 Goodrich B F pf 83 4 Ot Northern Ore ctfa. . 30 .. Gulf State Steel .. .. 31i 4 Haskell A Barker Car 8i . Houston Oil ( I Hupp Motor Car 13H Inspiration Con Cop.. 3JJi 300 100 100 400 too 3oO lot loo 1600 1400 5800 3oQ 1A300 300 100 4400 ?to 100 100 1A0 100 4A0 100 100 700 4M 1300 3400 VO0 I3A0 1100 1300 2100 300 10 1AA I'.'AO 100 3JII0 .. Intemat Asrlcul 10(4 7 Int Harvester new. . . . Mf4 int aier Marine 14 A Int Mer Marine pf . . . 3?i International Nickel . UK . . International Paper . . 37 Invincible Oil Corp... I0J$ Inland Oil 4i Jewel Te.i 10( Jewel Tea pf ZU 4 ICan City Fl S A M pf BOH 4 Kansas City So pf .. 0i4 Kelly-Sprlngfleld Tlrv. 4W i Kennecott Copper ... 18V4 .. Keystone T A It 1J4 Iiokawanna Steel ... A3 Js .80 Ihlgh Valley A44 IS Liggett A Myers 144 H MCowitro. Commodity Markets 1 Hnd there Is little evidence of the be I ginning of the bull movement thut muny believed was to start in the Immediate I future. There has been n trend toward I hftfhnr nrf,.u au In.llr.n t nil lv u rlaj. In CeMUIt A1V4 lnA TIUm niJm KJI 411 I ta , ni-1.A nt ru.n( rarr.Ao t.evi York Tel. Connection. (Vina! 1H5 from 04.15 to 04.75, while thirty Indus- COTTON MARKET , ! triuls climbed from 75.10 to 75.70. Hut New York, Feb. 21. The cotton tnos gyration ot home ot the leaders market opened firm in tone today, al 1 were largely the result of operations , though Mni'h contracts were 10 points by professionals who were working for 1 lower, selling into new low grounds for quick profit and gave the market a ! the season under fairly heavy liquids , semblance of activity that was far from tion. ond .switching. prior to first an actuul Increase In business. 1 March notice day, on Wednesday, 1 It is suid that the current week will ' i,at(.r ninths showed advances of witness .. orive i,y ino invesuneui '!' frorn 4 t0 o'j p,,nts. on Llvertiool buv- 1 . . ; . . . r - 37 K li 4A 3ttt 34 )S 48 HH AH t 133 T) 43U 4AJ4 43U HK At 83 14 7M 41 H 30 3 83 81 . 1A0K llW 11116 87 3 34 38 38 Vi HH MA 83 43 1, 37 H It 88K MrS 3H 33H itYi 4W 13W 83 AH 13 II II Ai sty W 1MH si W 80 W 28 H MM Mi 43 37 llTi 39 H 8W 20 5( 3714 33 Vi coh W AS UX sow low 81 Hi 8U 1W H I 91H 3 14 mi 1IW 17 4W I "1 H 14 3 83 SO Sl' A8 13)5 3JH UK (t 1314 48 MJi 8 28i4 4 Jo 27 , go; Hi M Ii UK A35 114S 1J0 Net Last Chte. rti- 1 1J4- 48V4,-3JH- .W- 48 M 31 - 1X3 23 -44H-AH-43'A- 8H 3 A B3- 7H- 41 K- -ii Si - 3 -81 -81H- 1A0H4-lW- 1I1H 38 - 13 - 34 - 38 ssn- 33M 82' 83 4A -37 M 11 hsM- 33)4-3H-A3 - uH- V4- 13W- 83 4K- . 13 t - IS - A4 - 40 AT4- iHH- 37 'r 2V4 28 W M-AH-37 H II Ji ff, w-soh- 30?i-27W-33J5-H A4K 1"'4 SAW 4- lj 47 It's A3 -A3 -81M- l?i 3 KA 1W A0 W H !i lH- H 3)4-' . 03 -A - ISIK-r 11 31H 83 -30 31W- 8)4 H - M Ji uji-l-10 14 J5- 13U- 48 V- 13)4 3)4- 20W- ?- 27 - H W- 4A - l!i li A8M.- A3H )i h t A I'4 A H H 3Jt Ii ; Ji M h ty. H li H Si 3)i 3W 3 V I. Ji i 4W 3!'4 M Ji Ji ii I Vj Ii "fi '4 Ji H H )i !j 1 14 Vt IK ii H Si '"4 3 Si 3. '4 4 Si: "lS'4 'is. lS'4 s B 103 too 1AAA no ito 10 too lko 10 100 2M 31AO0 Dly In Kith : ixewo Co is 1 Loft Candy . . j 11 13 LorllUrd Tobacco ...IlIJi 7 Ioulsville A NaahvltlelAA A Mackny Cos 4A 7 Manhattan Kiev guar. A15J .. Marlln nockwell .... tfii ., Maxwell Motor I .. Maxwell Motor lstVf. 8 .. Maxwell Motor ctfo, . , iy 8 May Dept Stores..,.. 11M 12 Meilniin PnlenUum 4lL 300 1.00 Middle States Corp... 1SW 3 .iinvaie Hteei b nrd. xaiA 7 Minn st 1 & H St Mc. 70 7Mlnn St P A 8 HI M pf 8AJ4 . . Mo Kansas A Texaa.. 3i .. Missouri Paclflo 18)5 .. Montgomery Ward .. 11)4 80 National Acme 31W 1 National Biscuit 1AA)4 .. Not'CloniTA Suit... . 31K . National ConA Cable 2J4 0 Nat Knam A Stamp. . A3 . . Vi.t n ti - .. v .f. ... v ui jtipx 2Q pi e i IK ai Ji ' H 1J I Si !i ''4 1 3Si 3Ji J. Si 1J5 Vi 'A ii Si ' Si H Jz ! 3W 1A0 100 AAA 2AA 7AA AM 8 SAO 300 3AA 3A0 100 AAA 7A IAAO 810 1AA 1AA 2AA0 3100 1A0 3AA 10) 1A0 its 31AA lOOOO 100 3A0 100 300 200 100 100 300 2AA0 200 100 1000 1AI 2AA 1A0O ! 1A00 3400 100 100 1700 0100 S AAA 1A0 300 100 3300 100 100 1AA 1AA ' A4M 1AA 3t08 17210 1A0 100 200 300 3AA 173A0 1A0 3A0 340 1400 ij no 8AA0 1300 7A0 1AA 2A0 A00 AA0 300 13700 A I All AA0 300 2A0 AOO 000 100 1AA 18A0II 140 A308 130 . 13 BO 2000 1A0 1A0 300 700 1300 200 4A0 200 SAO 1A0 AOO 109 47 Ji 33Ji 14- A7 4 13 74)4 81 28 H 13 lOAJi 48)4 34 .. Nev Con Copper 1114 A N O Tex A Mex 74 8 New York Central... 71 !4 .. Now York N H A I!.. 2Ai 1 New York Ont A W. . 17 4 N Y Shipbuilding.... S3 7 Norfolk A Western... 1037 7 Northern Pacific .... 84 40 Okla Prod a Bef.... 3J4 3 Orphenm Circuit .... 37 H A Otis Klevator 124 .. pacific Devel Corp... 14V o i-ociiio ua A Elec. .. Pacific Oil wl 8 Pan-Amer Petrol .... A Pan-Amer B 3 Pennsylvania n It. . . . . Penn Seaboard flteet .. Peoples Oas Chicago. ), .. Pcro Marquette 17 jj 8 Pore Marq prior pf . . . HV 3 Philadelphia Co 33)4 .. Phillips Pet 23)4 .. Plerve-Arrow Motor.. 3AH n i-icrce uil pr 0 Pitts Cbal pf .. PltUburgh A W Va 1 Pond Creek Coal... A Pullman 8 Tunfa Alegro Sugar 4 Puro Oil 8 Railway Steel Spring. 88), 1 Hay Con qopper 13 4 Reading 7004 2 Reading 2d pf 48)4 . . Replo Steel 31 Republic Iron A Steel. A7JJ 20 Royn4 Dutch N Y Al .. Santa Cecelia Sugar. . AJi .. Saoton Motor AH . . Seaboard Air Line. . . . t . . Seaboard Air Line pf. 10 8 Hears-Itocbuck 8A)4 .. Seneca Cop Corp... . 17 .. St Louis San Kran... 21 . St Lou hi Southwest . 2JS'4 .. Shattuclc Arlionn Corp 8)4 . . Sinclair Oil ?l 13 South Porto Illeo Sug. 74); A Southern Pacific 78 .. Southern Paclflo rts.. 18 M .. Southern Rail 31 Ji 20 Standard Oil of N J. . 134 ' 7 Stand Oil of N J pf. 14Jt 4 Stewart Warner Sp... 33)4 2 Submarine Boat Corp 8)4 7 Studebnker 00 2 Superior Oil Corp. . . H'i 4 TemtOT Com A F "A" 10)4 .. Tenn Cop A Chem... 8V4 3 Texas Co 43 )4 .. Texas & Paclflo 23)-4 1 Texaji A Pao C A O. . 20 8 Tobacco Products ... A4)i . . Transcontinental Oil . 8 Transuo A Wms Steel 40 8 Union Bag A Paper. 73 10 Union Pacific 120 JJ .. Union Oil 2154 A United Dniff , Is 8 United Krult 1A8J'4 3 United Retail Stores.. AA . United R'wy Invest pf 24)4 .. U S C I PA Fdy 13 ..US Food Products.. 23ft 8 U S Ind Alcohol 8H 8 U 8 Rubber 84 8 U S Rubber 1st pf 1A2J4 2 U S Smelt A Ref 33H BUS Steel 834 7 U S Steel pf .-..UAH il Utah Copper Al 4 Vanadium Corp 3A)4 4.Va-Carollna Chem ... 83)'4 1 Vlvadou Inc 7 . . Wabash s . Wabash pf A ;0 . . Western Maryland ... 10)4 . West Maryland 2J pf. 17 )J 7 Western Union Tel... 87)-4 4 Westlnghouse A Brake A3 4 Westlnghouse B A M 4A Whlto Motor 3i)4 1 Wlllj-s-Overland 1 .. Wlllys-Overland pf . . 34 a Worthlngton 1'ump .. 48)4 7 Worth Pump pf A . . . 80 IOW II ii II I4J4 ito A Al lJi hi 8 U'4 71 131 I3)4 30 J4 70 'SB 18)4 17)4 3)i 10f)4 31H 1!i A3 S4 nw 74 71)4 1 11 S3 IMK 83 17 H 13S 14W n 33 73 AAJ4 4 HH 88 Ji ASH 33 H MS4 25i 74 Ji HA 28)4 13 14A)4 47 Ji .4 Ht'A lK 74)4 44)4 31 8A)i Al A A?i l!"4 10 8S , 17 21 2A)' Si 23 H 74)1, 77 17 H 3IK 134 108H 33)4 S!4 48)4 8Ji 18 SJS 43)4 23 H 2A AS K 40 78 124 21)4 7 103W 4)4 24 13 23 Si 7A A7 103)4 83 H S2K "54 AAH S3 H 33 Ji 7 20 j; 17)4 87 3 43 Ti 3A 7JJ 34 H 80 liAO Net Lt Chte. 18 II l3 104 -AA - 1M- 10)4 4S 8 -IJi 77 -1AA - 1314- 30 J4- 7i SH J4 V H V Vk X M 3H Vk Si !?v 8J4- i 3J4- It is Si ms - 3114- 144J4 1H M . 8J - 11 Si ,1 11S4-lK-17 - 8S -SH . 37H 11 -f-14J4J 4IJt S3 7IH- J5- 44 - 1IH- 38 -17W 33)1, -8SJ4 -2SW-13 104)4-41Ji-34 - 83W- 13KKI 7AJ4 -A8W-AAH-4 SH . S'4- 16 - N3 - 17 -31 -2 )i , W-23H-74)4-78 - WM 31 144 Ji . 33J4 S)i- S8H 814 . 18 -13 Ja .. 48)4- X 33H-?- Si SJi- 2 A3J4- 1 3- Si 40 H 73 120 - i4 31J4 7 - 1)4 13- 4Ji Si 3 Si H H 1H 1J5 Ji H H Ji J H ii 1S4 H Si ;n H IK H !i W ISi 1M 3K Si "(i J5 1S4 Si 'ji !i Ji W H Ji MODERATE GAINS RECORDEDONCURB Leaders Are in Demand. Maracalbo Active Mines Quieter up New York. Feb. 21. There wns no Indication of weakness In the general trading situation In the Uroad Street Curb today, many of the lending stocks being in demnnd and several issues be ing established at moderately higher levels. Perfection Tire was prominent reflecting a continuation of accumula tion that has been in quiet progress for nome time. Durnnt Motors, nfter being steadily marked up day after day, wnallowed to recede this morning, selling down from i!0 to lWj. Godyear Tire i.sues have apparently been established on a new level, the common stock being traded In at 14 and 1.1 and ,the pre fcrred, nfter opening- at 25, moving ui New Acme, which takeH the p'Aceot Indian Packing, sold at 4. JJnltdd Hetill Candy was traded In at Bty and HH. Carlb Hyndkatc continued its descent, selling down to 8Mi ami 8V&. Maracalbo was fairly uctlve, ranging from 23 to 22. Mining stocks were quieter. IMUI'HTBIALH Acme Vac k Ilrlt Afli Tob coup .. Cr I.Uht Durnt Motors Ooo4ear Tlr tloodyesr Tire pref . Huln Knltllnir "A" Haines Knllllfy "II" Inter Hubber Nil Fireproof pref . Perfection Tire Radio Com Ilftdlo Com pref . . . . U S Ship Corp IT 8 meam United Itet CAndy . . !i H IK nTANARD OILS Stand Oil Ind (new) .... 70 l.NTJKrKNHKNT OILS Allied OU 14 lloune Oil 14 ilotton Wyoming ji Carlb Snd 7S Drnny oil ' Klk lladn l'et 8 Cnslneera Petrol 1 Kederal Oil .. (Ilenrock Oil . (Iranada ltudeon 011 .. Int Petrol . . . Maracalbo Oil Mexico Oil North Amer OU Noble Omar Oil Producers ft Refiners .... Red Hock. Oil Sapulp itef Hlnims ret Hkellv Oil L'n Teiaa OU Victoria Oil new MINIM) Alaska Jit Columbia ..... Atlanta 0 70 0? U 10(1 ioC 2.1 23 H SIR THOMAS LIPTON, a great merchant and u man who has made his own way In the world, SAYS: "I have often been asked to deAno the truo secret of success. It Is thrift in all its phases, thrift as applied to saving. A young man may have many friends, but he will find none so stead fast, so constant, so ready to respond to his wants, so capable of pushing him ahead, as a little leather covered book with the name of a bank on its cover. Saving is the first great principle of all success. If it were possible to inject tho quality of saving into every boy, we would have a great many more real men. TVe offer you a Savings fund in the heart of the city which is open every evening until XI P. 31. for deposits and new accounts. The Colonial Trust Company Member of Federal Reserve System Market & Thirteenth Streets Allaj (lotd III 44 14J4-T 13 23H- "1-4- A8 -1MJ4 , ssm- 3H- "0K- Al - 3AK 34 Ji - Ji . J 4A 4. 3 754- 34 -4751-80 J4 ' 1 IK 'Si H Si ISi Ji III ledire Iioolli Iloaton Montana .., (,'alfilonl.i Mlnlnu L'amlelaiia Mining ... Cons Vlrtlnla Cortea Hllver Ceeaann Qotd Crrerent MacNamara, , Krntna Hllver Kureka, Crueiua Kurcka Holly Gold Cons Mold Devel Ootdfleld Klorence . . . Gold Zone Oreat Ilend Hecla Mlirinr Iron lllooom Jumbo Ilxtenafon Knox Divide MarNamara Marsh Mining- Mother I.od Mother Lode new Murray Mor Nlnlailna- North Rise . phlr Silver I'rlnce Con nochealer .Mines Ht Croix fan Toy Hllver Itlna- Divide. .... So Am V A O Htnnd Hllver Lead .... Buccexs Mlnlnr Ttinntiah Ilelnmnt 1 Tonopah Callh Hoy . . . , Tonopah Divide I Tompah Kxtenalon . . . Tonnpah-JIm Ilutler ... Tonopah Midway Tunnpan iiupan Tonopah Montana Tonopah Rescue Kula IT 8 Cont I'nlted Kaalern Victory Divide Vet Knd Con White Caps Wllbert 1 "8'A 2 A 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, eke 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. Payment! U PtUcthMtn ivtr $10,000,000.00 tfc AMERICAN CREDIT-INDEMNITY. CO. or NEW YORK E.M. TREAT, nisident IS8UX0 STANDARD UNLIMITED POLICIES W. J. MORPHV, Manager J. T. McFADDEN, General Ajtenl 1011 Chestnut St. Phone Filbert 5502 Philadelphia, Pa. Boles 5-Westwood hexbeis Phih.'issk, E:cci:mde INVESTMENT SECURITIES Lan&Title Bldk Philadelphia FH0iTE-lOCXZ:472 Mr. Executive Ar u erkln the nei-Tlrr nf n f.IVK HH. 1AI.K-MWAI, I It One who will bullrt anil train i nr4 forte which will bring home the ImconT I am j-onng enonth In Imre an abundance of anibltlon nnd old enough to Iiut liulanre. V.mirrWn: of what our Hue may be I m ready to tatie off my hat anil rout nnd do the nrli of m, life. AUj- 1 tie or terrlre to jon? A-708 I nl; er Office to make a more complete distribution of the Urge amount of new offerings of cruritles that have oome out In the punt three or four ueek.i. Thi-se offer-inB-i have hnd the effi-t of maldnn a to;i-heavy market, whlrh ha.i shown a tenileury to sni and hnn also shown that the heavy oversubscriptions nf thene Hi-iici thnt nun unnounred nt the time i hey wort- placed had not lieern ns -atiBfai'tcirily dllOBed of to the general p ihli'' c.s wan at the time believed. It ii the purpose of banker, for this reason, to await u more thorough dlgcrt. Hon nf thene Hevurltlej before making I July ... r,.v llnlnllniw Oelotie' lug and nhort coverlnc Kouthern wire nnd .spot firms were nKuIn sellers, but the tone remained steady to firm during tin- early morning trading, with Jo rum! broadening to include a number of Wall street and trade Interest. The rerelpu at thp ports for the day lire estimated at 14,000 bales, against 10,410 lnlr r. week ago, 3,,rin bales a j ear ago and M.LI'l! bales two yearn lko Prevlou Cloae Open Marri l.' im May 18 44 1J no 14. .10 December 14 .11 FOREIGN EXCHANGE Netr York, Feb. :i.The foreign ex-' I chnnre market opened nt g-enernl anlne ! I over Maturuay'B final flirures. wherever inert- wero cnangea. sterling started In 74 jiiRiier, at 3.887., for nna 3.81 4 for cable ; franc cables cnecKs , i8 lire canes 3.GS, 2.61V,. Other quotations were1 Swlrs cables 16.62, checks 16.49; g-ullcl-er cafilea 31.25. checks 31.20; peaetas cables 14. checkit 13.98: Stockholm Financial Briefs 1IONDS Allied rac'.li-ra On Amer Aarl Cnem r;:: Amer Tel fir 1022..,, An&rnnn.l ns Anaconda 7s, 1020,. , 1 Anila.Ani.i Oil tUi. Tho average price of twentv uxtiu.. Armour 7a rinot-i,.! .r.7i..r ' A. l ."" active n,v,r iii,j i. . VrKii ,Y. lec'lnfl fifth Rteel 7.. 1023 . Whllfl twentt. .nil. ..1 ,.,. t a nt higher, at 74.25. 1 fl"Hlrlch Tr? 7 .... w 1 ll.unrl Trunk All . i-inerty bonds nnd Vletnrv r,... iiuir . un nn .10OH lnoM demand ln?us,rl' Mocka on f ..i"Jm,",n -'6 iwr cent, to 7R.93. 1 "' checks "wJni.lrh raiiiea t j o, cnecKs 22.25 ; Christ anla a, .,.. '".1 cables 17.40 .check. 17.30; Coenhavn ' ?,n fli cab es 1. cheekn 1700. niin nv7i-n 1'5 neal 7 49, cheeks 7.48; marks 1.62. . i:,"," , A2e &&i3!atimg?z ami - .v. "1 Vi' ""." '". "ecernber 07 , 00 H , PCS, . Rn , I'OS. , ,i , 07 fiHH iTi , , Januarr 14 in l'i.H.1 13.4.1 1S.OT 14..M) 14 74 14 Ht) 12. ao p. m 12.911 1J.51 ln.Oh 14.42 14.60 Philadelphia Stocks Phila., Wilm. & Bait. Trust 4s, 1921 Penna. Co. 1st 41 2, July 1921 B0ENNING, GARRISON & CO. fiTon; K.iriiANdi; nrii.iii.vo lllreel 1TIT.IIJ Telrphoiw In , rk MemUera Phila. MucL Ktehame I.-h ,"1 Allt InKiir is 120 Cam Iron .Itiu. IWi Kle-.Sror.104 llOien Aph il." ' i 15 I Co N A rK 110 I-ike Sup 8 2 I-h Nnv. TO uij i h ai . if j. W IK .rn1; 102i.j C4tu -KVh HU. 70 r:iv, T7K IS :m- .Vet chie, 102U 1A fi--;. pv, UH1, 70 t- r,:u i 7m.. GRAIN MARKET Chlrago, Feb. 21. There was a good demnnd for -vlieiit this morning and the m.rket -vuk stronger on evidence of a demand for exjiort. It was believed that the purchasing for the shipment abroad wan ngnlnst offers made to ;t" t.reere, wnica were in ue openeii iiur i7 ing the dny, und on evidence that ercdlta " , n'.pn "ilH--22 V 27'. J- 15- 1".. MV... GLO.A.HUiiiN&SUNS STorKU Avn nnvi). Member of Jhe rhltudelphla. v .ork ana riileea-o Ptoeli Kielia.J3 New Terk fatten FehVi.r" " Omraliilon Oraar Ciaeuttd te All Ih. Principal MarktU tr l.i i. U. lui Ui iiuou. Ills tVrtlout at. nr.w vonic iikficc 111 Urnailfftr. Nan lark nnn ri- n i . .)..) i a i i . 'Mi-,'4, 10 l'n Salt.. 71H 15 I'hlla In.i Wire... 51 i 74 1'hII Rleo 22.s 5 do pref.. li'-'V. lieTl I'hlla HT 17i 15 Tono Hel. Vj ."OTono Min 1 ,-.o v r, i... :ii 21 do pref.. !!l 1 W Cramp & Sons. 4Ii. -, n IKlNn in. on jila-n 1 Am iias A. nice ,',s... 71 71 ''. Hell Tel 7h.l021. 102'V. Kt'li 2 Klec ii Tio Tr -Ik.... 54 V4 54 V4 54i.. 15 Mb IlonJa R0.N0 Ril.flORtl.riO.iiil Is) 00 00.00 nO.OiV-.Of! fi7.40 07..')R 07. -10. . 51 U 21 27 i 17'4 m, 1 ;iiiu. 40 ltw I0- v, 1.1.1 Net B in 1 i ;i 2d 4 'As. U f4H. . 2 :td 4Vt... 20 Vic 4'ls.. 4 I'bila IlJoc- 1st 5.s., were being urrnngeil In 1-ondon lor takings In America. March opened at $1.71 to $1.71U nnd later Kcdd at a net advance of :hc at $1.72. May opened at $1.01 V& to ?l.il2'4. ugalnst .41. 110 H at the close Saturday. Corn was firmer on excellent pur chasing throi.gli commission housed batieil on eipectntlone- of further sales for export, whbh offtet predictions of larger receipts. May opened at 71 f to 71T(ie, 1 pgalnst 70T,c nt th clo?e Saturday. July started at 7.1 ''je to 74c, against I 72, Saturday's last price. ! Oats moved upward In sympathy with ! the other gruln:i. There was consider- ' utile covering. ' Mny owned at 45c to -Mc, against 45sc at the end Saturday, and moved up to 4llc. July opened at Ki lo 47 Vic, ngnlnst 4tle, Saturday'! last jri-i The nrrmlum (in In Montreal today turned niter trie open, touchln The dlhijjunt on iv.n New York waa a shade easier at 13 per cent one cxceDtlon the inn.... red In any month In tho cur year which beirnn .Ini 1 amount of the various lasues """" '" . , ret r.i in :ii' Vnrlf .rAhniiM "' ''"-miuiuv lUilOWSI llTHf T.IK- a shade easltr 1 ihiri Vik!2?..: fc.r5.i'lb.ertr'. 36C,900 ; g 1CV4 per centi io42 Ef.n,m.r vi1. W! Iourt" i-lhorty. .,1.. ..,,!.. 1.. I i'0i6o and Ictorv noten 111001' 100 . . ,...,- A t9cri ir, ,in . .!..-! - . . ....... . nniturtir rfuurrinnn rr xn irtt aaa i Mii-iuwra K1NAL QUOTATIONS the holdings of dlseoiinterl ,, , . nem.d . .Wj' W' aT ff.i Sw li ? -? SlftS? & LIVESTOCK QUOTATIONS cablre ,.s ssij 7.09 3.0.1 34..M fmP ""'') b Jn Increase of $10.700.000 , Chlca... Keh 21. - CATTU-J-lleteelpt.. TOUAT-.s OI'KNINU QUOTATIONH ija inn i,n i c3 fn'1 . decrease of about ' lO.Oflo head, lleef.leera mow t 2.1c lower: A Hterltn franca Lire. Uulldera ;.ti ,' '." F?',.'i,", "erve note clr- i '? early aalea steady; bulk beef steers. 18 Demand . . 3. Ml. 7 18 3 04H .11.20 W'W, " ud of 25.S0O,O0O In denoslt ''. butcher. he stock aleartly early; l-ablc-, . ,. j 74 7.10 8.6S 34.25 liabilities, are Indicated In the Ke.Wni undertone weak hulk butcher cowa and helf. Ileserve iMiard'H weeklv -nnfii.i. Tn , era 45 fm.r.Dj bulk cannrrs and cuttera. 2.fin BANK CLEAR.NGS 5! r? '- ""'-' -VX. fttfr ,t!ffi&tfMr& Ph... . i2.8,sV.l,W Hoay ,70.i.!o2':742 " " '" 'Vl JSi, ifown''.tfO: b,J,,k7S,!220UuSd'. fw III. yrar cndld lL,ni'.." T1" HHK1JP lleeelpt.. a.1.000 head. I.mbs. net rom, afi..r ,u, " .er .51- 'ows I trnnR t.. 2.1c hl.her Karly top. o.7fi: some 07 on OrtH 81) uov. in H DOS nov, flOH ort 0.1H IM4. IWI on no Bear. Roebuck 7s. 1023... 034 Mnciair 7'-i n.' Folvay 8s ,...100 rnpjier Kxports 8, 1022 .100 Copper Ktpnrla 8. 1112.1.. 0i t'opper Kxporta 8a, 1024.. 0U4 Copper Imports fs. 102.1.. 08h ti or m y :, job,, ,.ioi n ii oi i x 7a, 19. s. i O of N Y In. 19 S O of N Y 7. 1930 H O of N T 7a. 1031... 102S 102'i 102S Texas Co 7. 00 'J 0QH H0S 00T4 ou; O0V1 0S!t 101 Ola ino inn 00 i nnv; 08ti 101 2s....ion4 ioiu mis 20....101S 101 101S 30 ..102 "4 10'.' ' 11124 41 .AA.. .nnl" ,.., MONEY-LENDING RATES NK1V YOIIK Money on call, loth cli.-.si'.s of cpllutenil, opened todny at 7 Mr ent for lending and renewing. Th. n.oney market wna quiet today. The ilimnnd and supply at the 7 per !JW In lnentorleH. amoiintlnir to ,n r'1"' ''lnheri evly top ewe, ',i.7.v '., 11.056,291. uhlch Is charged against ur" I ,l,w ,ll"her' ,u fat '" .3otf5..'io. C'a auumil. with cint renewal rate was about even. In J 1' Miglll . ,,. ,,., T. lime funds there was little or no busl-1 Ing lum Li beclme Zk 5' i iFh .,.m,. a r.. n , u rr. .,, ,, . n ....& ....a.. . rn.rn ,. ...., . . . - ' " i,tuMio "c-.o wttcici, i .-.,, ,i, wit-it oona aenartment it 7 per cent In the outside market in - - - ucJnl'' iniio money was obtained at o per cent 1'rlnie bank accvptnnces were In un ui.u,illy light demajid. The supply was K'e-id It Is not expected thnt savings banks will figure to niueh extent In ac ciptauces until the middle of March. iiinix) are unchanged at GVi to 6 per N. Y. 'CHANGE FIRM FAILS c nt I'rln e mercantllo paper was mod erately active at unchanged rates. I'llII.Alillf.rillA Call, 6 per cent; tln.e, 6 per cent; commercial paper, thro- to six months, 6 rxir cent. (Note These are merely nominal quo tntlnne. is the legal rale of Interest In me state or 1'ennsyivania is irxed at 0 losses sustnlne.1 v.v tv.. . V per cent IMus premium and commission. " " flU!ltnlne1 "V hem In such specu time mon'y for thirty to ninety days Is ;"on none or which speculation or loaned .it I to 8H per cent, whllu com. '? were known to anv member of our mei-i-lal iier, from three to six months, Jlrrn couptnl with their studied failure la being offered at 8 to 8 per cent.) " have fasorlte customers of Ihelrs s;Sr.on;ionH "" ' "aVe rf,,U,,e,, '" our I T1 I.,.. I .... l .. ..i- ,mu mi iiuunniiiion as to our of. u. pension of Merrick & Bennett1 Announced Thl Mornlno New Yorl.. K .. 21,The suspension of Merrick A Dennett was announced on thr stock exchange this morning at the owning. The following statement was tssurd 'The heavy unauthorised speculation of our office managers ami h t.,.. WILL BUY OR SELL Counties Gas & Klec. 5s, 1962 1'hlln. & Gnrretsford St. Ky. 5s. 1955 I'hlla. Sub. Gaa & Elec. 5s. I960 lhlh Valley Lt. & Power 3, 1943 LiTi f.orln Br. & P 5, 1954 renn.r at" 4 Liverpool Cotton , l.irerpool, Keb. 21. There was only u fair Inquiry for spot cotton todny i with prices easier on the basis of an i lice managers' activities until the a'ter. noon of Saturdav Inst, when . for tii nrst lime, n scoverert th uiin.ii... .. .. 1 '.';' one of them made a clean breast of their feeder, steady bu1 mtlvlttrs ' ' lr j era 17.2.1. -iiiB nasty and cursoir examinntmn. ihhih ere w American Guh 7e. 1928 ' .JA.t.l I"- 11. . .r.M nciu v.unn. ii nicr ot, iy.o 7nrl IUEH, STARR & CO. le lluimin., I'lillaair rM OiOce. lis llruad SlrfCKvvofe Ttltfhono btt. Offlcss NEW YORK COFFEE MARKET New Vorli, V'eb. 21 Tup mnrket for coffee futures sntracts opened 2 to 8 txilnts lower this .-nornlng, the Hrn7.il- fflli bifin uw.mllii. in Itntr.t Inul tr. nIT,..,. K.T-J 8.'t', SIVA . . . , as a market factor. A sharp ilern.iM' in repeinra nr nrimiirv noinrK wiiiii.t 'i out iuukr wn en we rvmfn ). . A possibly stimulate values here, but nt I ,n,mk,' ?v'r """"V. convinced us that f resent receipt, are holding rather full. Z 'l&nWTS St PreV Cloie Onen mill. ...n.ri,l ,...l..ni mi... "." '" igregated advnnie of six points for middling at .J!?" Jj'JJS H u2!,'.i i cr. has not permitted ua to nBc'ertalii shipment, g.ij, lw Haie were 5000. IleoelptH 5uy '.' ."":::::::.'."::; 7.40 7.818.46' 'he exact condition of pur affairs, but iTHK) bales, including ;hhkj bales """"r ; "i .; ',;, J. 'i w raif Kin. 't rmiTf .. rr- r i'--' i j i Iild , The CTm was organlied Mav I. lsio ind consl.ted of w. Wilson Merrick, who wns the board member; II Mmni.v ... j-i an l il i .i.i.i.. n nni . m rv i w v mm t T rt .. u a in nif i LAa. aw. ... . - lllng, II islll . Hilly inillllllllg, IMIWl ; i ...... neniini, ." ... nL-iiriiry, J It, II riltsburvh, Teti. 21, CATTI.R llec.lpta, 10OO head. lllvher. 8teera. t0,AAQ0,7.1: heifers, 7tft ram S.KIII..10. Calvea re ceipts. 8:,0 head. 8'eady. Top, II4..10 1KK1S- !tc'pt. ln.ooo head. Ixiwer. H.Hvr. ti i i j bead. Heavy nnd 1'arrit york eia. Ilo.4011lnrt(li plai, 110.50, HHIU'l' AM) I.AMI1S Itecelpta, 2M9 bead H-.end. Top sheep. 13, SO: top lamb, 410, hlKher liiat Iluffalo, N, Y Fb. JI. CATn.i: Krcelp'H. 2000 head, HIilppInK and .butch-r neere L'.llf.'.Oe blaher. Nhlpnlng eteer.i. 8,.".onii.4o. butchers. 7..10fiJ8 73; searllnc. fA.'.Affn.SA heifers 1.1.3007.73: rows 2;r,0 9A.C0; bulla. 4 Snn10 slockers and feed, era ISOA.'ns frenb cowa end snrlnecra, 3.1 Oils. Calvea, re, eipt'.. 2000 head. .Steady. ISO 1.1. ,10. HOOS Receipts. 17. Ban hrnd. rid. ?.v hlnher- others eteady to !'e lower. Jeav. lA.4ni0..1O: mixed. SlntJ10.no: ynrkera, 10 (lOri0.1K; llfht vorkers and plus 110.78 Oll.no- rouahe I7f7 2.1. stass, MOfl. Hiir.nr ani i.amhs luceipt. 14 ono head, hteady to 10e hlher. Imbs. law fi 7.1: earllnirs 1.1 .10CI .1.70: irethers, $.1.30 .III- rw5, .."u,.,. i mi B.f.0. Paris-Orleans Railroad Company (Compagnie du Clietnin tie fer do Pari. A Orleans) Bonds Payment of principal and interest guaranteed by the French Government. These bonds offer the holder an opportunity to profit in French Exchange. Price on application Further information and circular upon request. GEOWKENDRICK 3rd tf CO. j?ayMens 1431 WAUurr st. llembira Nw York and I'hlladtlphla Stock Uxchanxe. w PHILADELPHIA- Teleaaoneal Uell Hpme. 01H Kejiltar Uac. 1188 MMMMirinNmiiiii'iiiiiiJiiiiiflin ,VV...'JLJ,W,' '1 '"i w.iners, . I2V.1.21 mixed sheep, i.l,; 3 5f Kaat 't. Iad. Keb, 21 -CA'ITI.B Re. celpts. S10O h"W. "I'"; jteadi j at .leer, hre unsold. Tl-illi 17 " T.TSj heifers, l.'.o to 2.1e hl.hen bulk 12S1R: row, steady o ahade hlaher. lni'lt. l.lfS.I 7.1: bulla and e.-in. tier steady! bJIII eannars. S.,10i f.i caf llll iui iiii imij arnriiera stl I8.75WH.7S; Raw Sugar Market Steady Xew York. I'"eb. 51 The raw sugiir ruprket continues te.iiy nnd about un changed .sales on .Saturday aggre Sfi.uuo bags t ubas, for sh c nn llAlt If, :l !v.U' flrt.anii . ... .. ., ... .. ..... ..'..."... r a..h. ......a j .-.,. ' wi'rr -i kciiin, wuni auti ireiiciii ... 7 , , ., erjual to 3 64 cetns, duty paid, nnd lono I American, l uturts were easier in ;ne early oeaiings. nimi prit-ca weir i iiueri- can, nildilling fair, u.nmi; jikhi nun- bags Porto Illcon for prompt shipment to a local rentier m mt cents, c I. f Importations Included IS. 000 bags Cubns to the American Co. and 6000 bags to the Federal Co. The local refined prices aro unchanged The Warner Co. and Arbuckle arw. continue wjiharawn. middling. 8. Mil: low good ordinary 5,:d 4.38. BAR SILVER midillinir 7 08m Bar silver dropped d In London to-I Itebhann nnd Krnnklln W. Talmer. JrJ III f.'-iii'.'lday to 33d TJils Is the lowest price Mr. Merrick was admitted to member-1 1S1C, when' ship In tno cxcnaiiire on September 22, and oruinary, touched since November be rnetat sold at 81 Hd 1910, .olw anil Haturda and lop feed. H.nnA h.,,,1 rM.. , weak: btradv tr. lri ia.. k.r day's aerje virtually everything In eotd. Top 10 on lluhta- hulk it j,. 49 '.OffO.'ls blt; mediums tH.10D..1O; bulk heavies. 48 75 V0 f: packer s.w and Pl.s alrady: nuallty medium to .nnd: southerners very hard to move ar.d fl to 2 below natlie P rfmiKI' necelpls uno b.,,1,' H)ow Mddln. steady on run which constats of fed western lambs, shippers paid 10 for one double deck of kooi lambjj this only sulei urflertmi. atron. ' ' Georgia Municipal Issues The. law Boverninpf issues of bonds by counties, munclpullties nnd other civil divisions in Gcoria provides for having the Superior Court determino the validity of proposed bond issues. After affirma tive decision has been given, the bonds can never be called in question. HARRISON & CO. BANKERS I0 SOUTH FOURTH STREET PHILADELPHIA Membtrt Ntv York and Phlladmlphla Stock Exchanft i, JI. 9AK.T-B V. 0. rATTON Sailer & Stevenson SO AND CT1E8TNUT BTS. BONDS Tax Free. Yielding VA'o to W, - J an aw mm - I DIVIDENDS DEtLARED ,fr,.?"J 'Jtl.'m'Kh ItallroKd Co.. nuar. nrv 87't cents, uavabt. mu.i i ,' .!.,.. let record y.truary 23. v Bonds ior Investment circular Upon lleoue.l The National City Company CeireaiMiidenf afirm in Oier tr Cilltt 1-lilludelplilu H2I Clir.lnul bt, Atlantlo CIU UM Hoardoslk Time-Tested Bonds Old Long-Term R. R. Ututi 20 to 40 l'aliil. Ilelow r-tVr l'H. EDWARD V. KANE & CO. Morrl Building GOVERNMENT OF CHILE 8 BONDS 1941 99 AND INTEREST EDWARD L0WIER STOKjS f see v ,f-t I liiftv4rhnl''. t h
Significant historical Pennsylvania newspapers