'''!5', vjjlfflpt y ppfri t'i.T '--v-evf) - ,V4SJ , ' ' J$fW '"''' WW p, i " $v&i EVENING PUBLIC LEDGER-PHILADELPHIA, SATURDAY, FEBRUARY 26, 1921 10 fvSeyl U i .tit -M2t mm M . n .,'5 ? 111 y ll $ PS ffi 'S l?J,MHii ra?ii7 a nm i j m Pff'S B MSf llir fife & i u s MV.S :t i. i 16 t1 "! i i'G r . j ' l, I'! ir- I- f ! mil Mb M if - ?i ' H i-n v wi f ! let.' $c iff- Pc;l 'Sift1 ISdilV" JV-T W.1 STOCKS ASSUME NEW YORK STOCK EXCHANGE TRANSACTIONS . WAITING AHITUDE United States Steel Stages Most Impressive Advance of Short Session New York. Pen. 2d Price chanKC today in' the stock market were unim portant. Apart from the half-day m?s i!on, traders wore inclined to wait nml lee how tin- reparation conference in London next week would set utidir wti. Some prufes-sed to attach great signifi cance In the summoning of Marshul Jb'och to the meeting, but the general impression Is that both (iermanj and France arc doing a lot of professional jockeying. United States Strel. with a point rise to 81. i-tjged the mot impre-sivc ad vance of the day. .Judge Clary's an nouncement that neither priici nor wagci would be cut m the steel industry apparently una construed fnmrablv in TCKpect to the companj. On the other hand, there are many who hold with Comptroller Williams that the I nited States .Steel Corporation n committing an economic mistake when it insists on tending pat, while the icst of the in dustrial world is tr.wng to bring about a readjustment by the lowering of prices and wages. The independent Meets did not have the same strength as I lilted Qtntfta fteol The bear contingent gave Kendin- , dome attention today and this was re- fleeted in a loss of moie than a point. , Atlantic Gulf was again attacked and leave way to 44' i Outside of these two .stocks, the scllim was not pro- nounceil and some of the issues that ' have been under pressiif lately showelj rallying tendencies. ' selling for both accounts, wim n pre ponderance of short offerings effected in creased impairment of quoted values in all but the more representative shares ot the railwav and industrial divisions. Issues of no partieu'ar classification mltcred extreme reactions of ; to over 10 points, -omc solluw under low rec ords of lat December. rWelimnicnts were mainlv of a char- , , acter to tii'coiirage puuuc uier-i. um- , langing from further iiufnvo-ablc state- ' men's of purning by the transportation . companies to additional dividend mis pension's and cpnnsion of unemplo - I ment I The money market was apparentlv easier, but actually urn hanged, so far , hs quotations or offerings referred t ' long tunc aci'omii"datii'ns Hank bought spai inch of commercial papei , and hank acceptances were tirin on the rigid attitude of the Pedernl Ke-ere Board. , ! International credits wire again reu- i dcred Irregular the .shifting r.f events In connection with approaching confer ences of the reparations c.immision nnd I latest oflicial figures di'iioted a sharp falling ofT of this fotintrj'g foreign i trade. j LOCAL LIST SHOWS TENDENCY TO SAGl Business Opens Dull and Shows Little Animation at Any Time During Session ; The trend f prices in I idn"' Miort session on the lucnl stock etchanue wn. . to lower lewis. I!usines oiened du'l ' nnd showed no great amount- of animn ' tlon at anv time during the Ksmn ' Tennsvlvanin itailroad n'i.n nuine. leadership ranuing l.etween 4Tt j and i 80 TA at the lower qu.itali"n beln? below lat night's closing figures. I "nited Ons Imprnvemi nt nr.l t' e prefeiril hares of the Philad.'lpUi.i Klectr'c Co j were other issues r-hiu.ng si. me ae tlvitv. both heme weak, a't'iough r'ie common shares of the 'utter were liisher on small trnnsa ti in nt L'-'l ati .' 22U. The remainder of ''. lir develnjin 1 little of ui'eret Ac eriean Sto s made a quarter no.nt ga.u. li'if 'ost it Keystone TeVphorie wa off a rae. tion, r.t "". I"n .iilnhin Ra;.i i Transit and Cn.on Tra.''ion mir." ' v In limited amounts the fnr-ner I'm;, off and I'n.on Trneti m ho'. I.ng mi,1v i rionds were fairl irtivn The new Pennsjlvaiiia Railroad !' dee .n-d a half, to !') which I.'oa -he i-su.ni1 price i Trade on the locni exc' nnse during, the current week dewd. P'"d little of in- terest, the gyrations of several fa vorite issues at the end of tl... period leaving them just about where thev had started. The market out'ork. ,is ex -Jires'sed hv the closest ol'servers, seem to be that prices will go much 'ower and the situation is said to be almost the exact reverse of that wh'oh prevailed up to about n jpii .ig i when traders ere in such confident humor that thev , could see a profit n a'most anv old thing, dust no'V, 'he sjiociilativt1 ele. Pts too an 10(1 too SOD can to .too 30 D COD XM tng son too too "JflO too toia .M0 5.10 too too 700 X10 fill 1410 too M J fioo tJ01 r.51 .n.i .100 340.1 10 100 1.1.10 too :oo .000 GlOtl SU 100 till mo ICO ; 3100 in noo 10.1 in 100 1010 311 330 I too 100 3i)0 4R0 .t.i 510 110.1 Jfll am 9)0 100 3.t 01) tino 1310 3)1 l-)0 3311 tl'l 101 3), .111 10 til 03j1 3. M0 400 5 21V! 100 J01 4(10 14nn too 101 lOO IT) 400 tiyi 9)0 i in 24 II loi 310 1701 l0) rn 2700 ion ll J.110 to 11 M 310 InO 300 -'Oil :mi 231 ti)1 111 3 .1 .VI 1 3ia lilt iH 3)1 SO I.) 3011 3 s i)1 40)1 Tvr. Dlv. m I tliKh 6 Advance numely pf . aotj AJax tlubber 28 .. Alaska Gold Mines... l' 7 Allied Chem & Dye.. 4 Am Auric Chem to Allls-Chalmcrs 30 $ 7 Allls-Chalmers pt ... 70'j 4 Am Hank Note 3 a Am neet Sugar 40(4 B Am Bosch Mac AS Am Can 39' 2 t Am Can pf n.t 13 Am Car Pdy 124 . . Am Drui? Syn r.'l Am Kxpress 1M?4 Am Hide & leather. . 0 . Am Hide & Leather pf 44 lj Am tntcrnnt Corp... 40' 3 Am Linseed 40' j o Am rocomotlvo sl?i t Am locomotive pf .1071 Am Malt t'i . . Am rUrtlntor . . 73'4 .. Am Safety Itiuor JS Am Ship & com 10'. 4 Am Pmelt & net.. .. 4n; 12 Am S'lUff . .101 3 Am Steel Foundries 30 7 Am Sufrnr Ref 3?i 10 Am Sur.mtra Tob 801. Am Tel & Tel lOtMj 12 Am Tobacco 120''4 12 Am TobacCD B SIS 7 Am Woolen flrj . . Am Writing Taper pf 33 Am Zinc Load & Smlt 9 .. Anaconda Conner ... J9' . Assets Reallzitlon . . 'i'i 0 At eh Top & Santa Fo S1'4 Atlanta Blr & Atlantic 3 10 Atl Oulf SWISS . 40 IS n Ati nuif & vr i 3 s pf 375.; 7 Atl rteflnlne pf 10ss Au.tln Nicholas to 7 Baldwin Locomotlvo . SO . . Baltimore Ohio. . . 34, .in Ba-nilaIo Class B... 2'?a 3 Rethtrhem Steel B. . . S Brk.yn Rapid Transit I2U Ru-tn Copper Ss Zinc. . .t . Butte ft Superior Cop 12'i C.uldo Tentrnl O ft R. 14 ? fl California Racking .. I.I 'i . California Petroleum 4t'i : California Petrol pf.. 73' 2 Cal Sire & Lead r.U 10 Canadian Paclflo ....11 7 Case j I 1st pf . . . 4 Central leather 39 7 Central Leather pf... 4 Cerro do Pasco 27 ' JO Chandler Motors .... M"i 4 Ch-sapcake. Ohio .. CO'j Chicago fit Alton. . o?i Ch'cago Ot West Si .. Chicago Ml! St P.. 37?t . Chi It I & P.ic 27?i '. CM R 1 A Pac ;-, pf 73'j . c'i ;. copper ii?; Cnlno Copper ?1?J .. Coca-Cola 20' . col & S-"!t:icrn 33'4 0 Colutnh Gas & Rlec . 59?; 1 Coi Graphophon .... ' 7 i'i Crap'.iophnne pf . . i. I -'"i;) Tai, Itecords . 37 3 CTc!ldn"d Textiles. 20 '8 7 Corol'dateil Cigar . . !' 7 r-olidnted Gis . .. tB, 7 Con' nt-ntal Can .... A9si .. "ontlr.en'.il Candy ... l'i 4 Corn P-oduts Ref . . 71 'j oo Coden & Co 2s-; H Crucib- S'cel 93?4 7 Cruclb e ?u e! pf SS .. Cuban Cmo Sugar... 21J 7 ''cban Care siuj,. pf C7 4 Cuban Arcer Sugar... 33'-j ! Delaware ,t Hulson.. 99'r 10 T.-I Lack & Wetm 219 .. Denver t R'o Grande IS . r-enver ft Rio Gr pf . . .'j I Dome Mines I1! . Erie 13', Krle 1st pf 30 'a ,s 12ic"eott-.lohison . . m'j 7 Knd eott-Johnon pf . 9l?-i a Famous Pliyers L... CSU 8 Famo is P'avers pf .. S4U . Fnepirt Te'xas . ... 17 'i Fli? Uubb-r ? 7 Fi'her Bodv pf . 97 oastop Wnn fc Wig . 2' lc.ern' Asphalt . . . fO'j 7 Genera! Clear def pf. S4 .s G mra' Klectrio . . .I3P'i 1 G-iei-i! Motors . .14 7 Gen Motors deb 7r, . 7S B Goodrrh I! F iV4 7 Great Northern i)f.... 70'i Ikiw f.O'i 27 ?i 1''4 '4!S 40 35 '4 10'i 53 49U 3l?i 29 H S.t 123'i r.? 1IIJ4 o 44 !s (0 40A S3M 107 ' I9'i 73 7, 10'i ll?4 103 30 S.1'4 s.t 100 i U9 1174 ri'j 33 0 3H4 3", sl'a 2U Mt'4 37 IOS?i 10 sfl'j 3n 2.-., f7' 12 4 'i I2?4 I4?i 01 41 73'4 JIB-. S4 :i s.t it '2 roli OVi 27 7.VA II1 MU 11 "t f.o;; "j 37 20 .-: 7'i 594 1 70', 2s?i ftl'i Ss :i!i f.7 '2'i 9'i 3I9''4 H :s-t 1.1 'S !3U 1?i CO '-i 94 ?4 ro b4U 17 14 U 97 ' ' 4 MM S4 Ml '5 isri Todiy Nat I,nt Clute '4 I l"4 . l y n l,4 tu l'i n '5 -0i- 18 4- l4 4i 'u 4-3'H-i-:oa- 53 4 49''4 4- s- 4- 39 H- s.t 124 - OK l?i?- 0 44 !- H 10'-4 V H 49'j- -i fi?4 4- 1?! 10J'44- a 1954 .. 73(4 4- 7-10(i- 114 101 30 I-n.lji-r-SSii lr.0i . M9H- I IS - r4t-.a- 33 n 3S'4 1 3'J- ?ITj 3 - 40 - .17'.- iosh 1'J S9'a 14' ' 23", l-A7?i-13 14 i2?; -14?;-!-t'- U' t 7.V'4 - 4 L 117 i l - 39 4 I 27 '5 f9", -CO 0"s- 2?4 x 37 W H 73'-C. -I-UH-r ?1S-3"Ji4-.l .-.9?i- ."i.t 37 t 2ft i f3 7S'0 -tls-f 2S?i -2 -SS 24-5 i CS -!- Whl- '4 ll',j- 34 3n! fljil 2S00 33J0 C010 I00 700 Dlv in S 4 4 2 KansaB City o pf . . Kelly-Sprlngfield Tiro Kcnnecott Copper . . Ktyatono T & n. .. . Laclede Gas of St L. Lackawanna Steel . . 2000 3. so Lehigh Vallev 3)0 1010 .10.1 400 3)0 100 '00 fom 300 2 Leo nubber Tire. 2 Loewo Co 1 Loft Candy 13 Lorlllard Tobacco itlzh IH 41a IBKs loH 41 U o 4 204 17 H II M .l4U 7 Loulsvtlln A NnshVlllclOO 7 Manhattan Kiev guar, fix? 0 May Dept Stores 74'j 12 Mexican Petroleum ..1MW Miami CoDner 4100 l.oo Mlddlo States Corp... 1200 s Mtdvalo Steel & Ord. 200 . . Minn & St Loula 170 .. Mo Knn.iaa .": Texas.. SOD . . Missouri Paclflo 230 .. Missouri Pac'flc pf... 400 3. so Nutlonnl Acmo t '- i Vi -- 1 l Gulf Mobile & Nor pf 21 2 Guantanamo Suir-r . . l.l's Houston Oil " 1 Hip-i Motor Car 13' . I '!'.ln .Is Cent . . . ). 2 Indian Reflninc ... II 0 Ir.d'Thoma Rof ? Inspiration Con Cop . -"4 In'erb On Corp 4 H Inter Con Corp pf . . 13 Int Agrcul Corp pf. . 4s , lor Mer Marine 14 " li.ternatlonnl Nickel . IS In'ernatlonal Papr . . o . Invincible Oil Corp . 2 l'i . I "land Oil ' 7'i 24 14 'A CS?i' VMl SS',2 II it?; 13, 12 H 47 14'. 14 ', I 20', 219H I 8, 4. 3T.-I- r,y2 - 13'', "o'i ' ii ' j - 91 ?4- 7W-i- S4',4- 17 -14'i f 97 - 2'. r.l'i S4 -10 till-, . 74 -'J7 ' i -711 li 21 I4U4 (9 J- i:r, ss-, Jl 4- '41 H 700 301 100 709 400 .100 500 000 3100 100 1700 200 too 2001 40) 100 100 539.) 1190 101 I (VI 260.1 sroo too 700 tM 101 200 10)0 GOO 53 450 300 310 ItOo 400 400 2.1011 no 300 IS10 19W 1010 1 1021 1100 300 ton 311 too Into 330 3001 1714 lOsOl mill too 3)0 1)00 4314 10 501 300 3011 100 4511 317 I91J 4311 100 1815 130 3U4 llj'l 2, in noli vo'j a!i C2 4 (J ll'i . Xatlonnl Con & Cable 6 Nat Ktmm Stamp.. . . Nat R H of Jfex 2d pf .. Ne Con Copper 0 N O Tex & Met 10 New York Air Brake B Now York Central.. . New York C of St L. .. Now York N H & II. 4 N Y ShlDbulldlnir... 7 Norfolk & Westirn...l03 7 Northern Pacific .... t4 fi Nova Scotia S & C. 37 40 Okla Prod & Ref & a Otis Klevator .120 . . Otis Steel I Pacific Moll . . . . .. Pacific Oil wl fl Fan-Amor Petrol . . o Pan-Amer B . . Parish & Bingham 3 Pennsylvania R R. .. Penn Seaboard Steel. 13 . . Peoples Gas Chicago. 38 .. Pero Mnrquetto 18?i 3 Philadelphia Co nrij,-, . Phillips Pet 24 '4 .. 1'ierco-Arrow aiotor.. ti'i . . Plerco Oil r. Pitts Coal o Pitts Coal pf . . Pittsburgh & W Vn 8 Pullman 8 Puntu Alegro Sugar., 4 Puro Oil 1 Ray Con Copper 8 Railway Steel Spring 4 Reading 2 Reading 1st pf 2 Rending 2d pf . . Replo Steel o Republic Iron & Steel .20 Royal nutch Is Y... .. St Louis San Fran.. . St Louis Southwest. .. St Louis Southwest pf .IS; .. Santa Cecelia Sugar.. A . . Saxon Motor .. Seaboard Air Lino... H Sears-Roebuck . Seneca Cop Corp..,. . Sinclair Oil 6 Southern Paclflo . Southern Paclflo rta. . . Southern Rail a Southern Rail pf 57 Stand Oil of N J pf..l05',i 81 71',4 49 20' 33 ia;'4 in 31 Hi 75'i Ui . 5S'4 . SO :' .100 . ro?4 . 31 . '? 67 : 73 H 44 40 29 to; 111 22 2S' 4 0?4 7S?, H,U 23 ?4 ""i 103 9"c 87-, 8 S Stromberg Carb 7 Studebaker 7 Studebaker pf 3 Subjnarlno Boat Corp 2 Superior Oil Corp.... 4 Temtor Corn & F "A" 17 H . Tenn Cop & Chem ... t '- 3 Texas Co Texai Co warrants. . . Texas .": Pacific 1 Texas & Pao C & O. Third Avenue 900 2.5H Times Square Supply. 'i I Iunai City .Southern 21 H 304 i 3'1'1 '.oo shun tumpjrt-i mln .".4J 4H4 12", 47 -I4', J- 14 , .- f.0',i :1H i - 21'4 70o shares 1 u 3 l'4 !s 700 B ill :1J ooo Os IO I .too 40!) 24 JO 209 100 170) 400 51) 2 00 J 341) 10) 57011 700 32)11 1800 3ih) 3110 403 200 001 200 12)0 7 00 3D 2300 300) 300 400 F't rd 4Ui 40' 24 ', 27 17 10 4 9 so?; :o-, 121 7 14 29 04',, 104 10'i iy. 6 Tobacco Products . . Transcontinental Oil . 5 Transue & Wms Steel . . 'Union Oil in L'nlon Pacific 4 L'nlon Pacific pf . . 4 United Alloy Steel. United Drug 8 United Fruit United Rwy Inest United Rwy Invest pf 24 3 United Retail Stores . 54 i .. l'SCII'4 Fdy 15 - .. US Food Products.. 4',4 K i; S Ind Alcohol 7UJ K U S Rubber I..S Kl'S Rubber 1st pf 103 5 U S Steel SI 7 U S Steel pf 10; 6 Utah Copper 5; Utah Seo 11 4 Vanadium Corp 30 Vlvadou Inc OH Wabash 8 . Wabash pf A tOH . Western Maryland ... 10'4 Western Paclflo 25 !i 4 Westlnghousa i: & M 4C?i . Wheeling & L I" BJj 4 Whito Motor 40 . White OH Corp It 1 Willys-Overland H . Willys-Overland pf . ."1 Worthlncton l'ump .. 4t", rh'ja far this iwm 2.453.0UU. Low 47 ti 3Ki 174 41U 55 '4 43 20 17 'A II tt 144'a 09 H 53? 75 147 isU iaji :0H U'4 3!'4 1HW 3U 20H 3!S Cl4 5!. to;. 73 71 4StA 19-, 33 101 ?i )i3'4 37 35J I25H 1.1'4 10 "OH 74Ti r.7jj 39 Ti II 3S 18 33J, 24 55 Wl J0'5 581, SB VO too 40 ri 33Ti 13 i t 73!5 45 4S 20 oo;, kou jt ?4 27V4 "8 4?4 4 7S I5?( 2! 78 15i 31 H 57 losi 1K 8", 87J 8!5 8 loi 8'J 41 y2 401-, 24 20!s 17 0'i 3'i 3s n 120 j 07 '4 28 n 95 U3! oy2 24 '3)4 2 n 70 ''4 1.0 n 102 S3 UlOi 40 10 '4 "'3'4 lU 7'o 20 10 10 13'8 15, 34 48 Today's Net I.aat ChB 48 4- 1 40314- IH 18!i .. io'a4- 4i'- a 65V4 54 4 20 -17J4 4- I1Kj4- !'4 I54J44- IH I 1 ti 100 4 5254 4- 75 li 4- 18 18'i 13 31 ', 4- 114 4- 2- -t- 19 4- 39J-J4- S0- 34- r.3 4- sy, 1U.4- 73 ss?;- '4 it - y 40 4- m I0Ti '.i 33 101?s- 84 4- 37 314 130 4- 13'4- 10 31544- 714 4- C7J4 4- 13J4- 40 13 -t .18 18 33 4- ii 2IJ4 .. 27)4 t"4 lo M 'A 6854- ?o 80 29 100 49 r.- 34 1354 874 7,1 -45 40 28!. rr,54 oi 2l5i 28 4 38 H 44 5 0?4 78K 10'4 25 W air.4- 57 10811 3.114 2H 54 H 14 s BEARS DOMINATE LISTLESS MARKE I New York Bonds IBA1.E8 IN 1IO00 '- 87 Ji- 7 8T 55 8 ' 10J5- !4 854 41H . 405-4- '4 24 - JA -' ?4 17 - y, 10 4 -T- j; o j- -o?4 a :oyt- 'i4 1.0:4- 54 74 54 39 - ?4 05 103 - ?4 I0J4- 54 34 55 4i ?4 14 H- !, 245-4 H 711 7?4 54 102 3j; - 4 1C954-Y 'a 50 - it 10?4 l'4 1594 155 f-5'4- H -oH- 54 10 ! !4 4o?4 i 5i 40 iar- 8 34 -4855 14 54 Commodity Markets COTTON MARKET New Yo.li. 1'eb -0. New low rcc urils t'01 the 'Usui were established ir. the cotton market todin, following an nut m1 upturn of !' to 'J'2 twdnts. The ndvanee. nt tin- i-tart, was brought about bv I'overin? b shorts for over the week-end. The smnll improvement nt tr.uted inerrasMl southe-n nnd Hpceu litiv.. nfferln'.'s and the list ipileklj wen'nned. The de-nand at the out-et fane trom eeverai "jmi ii"u-r, ".in Philadelphia Markets ment has an idea t'.nt anything ami '.rP,t ,l uptown concerns, vcrjthius 'an he sn'.l wit'if.ut icgnrd rr)ik b lyirm to '.; probnb! Sfi.liil'i to to its mer'ts or market pm ti.m and .-.- oiffl bales fi.im the ritis in t'.e fi-, that the sho-t s d 1. tl. onlv Mle in "'',, ...- ,, 1, m-. AVeakness 111 for- W'HEAT llcilit- to U.1I bu-h. firm at unchnKed prices Car Iota. new. in export eluutor s, 2 nd winter, fl s.tai.H0. Nu 2 red wir.t.- BMrllkj tl.7i.tll bl Other ura.l... hj ii ., at thy foonwni; hdule of dlc urits MUil vshe.tt ec under red winter. No. .'I v.li'.' lie un.l. r Nu No 4 wheat "i uiider N i ' Sj 5 wliut lie under Nn 2 Srtinpl .ciurUinK tu guallts I.IJIIN rtetolpt, 121.303 Lush. Oulct al 'um il-Ine Car lots. new. in export ele Milor No 3 .iloA-, Hl'-j & s.'c I.Liil cr .ots nw as io location No 3 ellov, h iT st'j i Nu I jelluw Philadelphia Stocks s-. I lligll -'' Alii Insur IS "II Am Stn... Wi .'!! Cam Iron :;nis l.'i KlecStor.lOIl ' Key Tel . 7"4 SOtKcnneoot IK i Li'h Vol.. .r,.'ji liw IS ."2 :tti's Kill .".:i .19 f'loso 10 Net chife. :mis io:i . . I s IH'.'. which to make entires The fiuisensiis .,f opitiiori oil the street is that her there were trnn actions of nn sp.i I'utu" w" unt the uperation ronsi.ste.l ri puttin: out I nes of shorts, the tun rig being almost wholly of nn lnvPMin:.r rhiirocter and. blthoi'uh there was , f. ;u.inimt of business t ansaMe.l the w n no pe dal intiuir f.jr .a'i !..nn dining the (lav. The stuck if an marker o- -ml to in Unite tl ur short1- ii, l.een pin out in almost hmv t. uh.cii Ims been traded in I'n ik : who -pecnlize n the Hock loan imrkit siij they liave never en siie.i a leint'und zeneral ilemaiul foi all 5 iteU of (.fork- and rluit ohnst him tl. .ii,- i ii !' in tin- broke' ' rflices can be lntined at the pioscrit If technienl ootid t mi- . .ipji for mi tliln-z ' the mniket niijilit be re,irde( as Imviti" an i'xtreine troi g f ,im l.ition. ex pt thnt it i not i.oio . onus'd w tli stop orders on the hii,ting -ole 'ienerali'. when s io n snn;1r. on ov . itN in a iourk"t in i im-li tiuilisli ion dftlniis preMiil, the iidi r k-r ,h lnme i'oiiibs with -top .. liMj. ou'er- in tended to mult o.. f n liicii.o ur curs, but the bin- .pet Tutors now up parentK do not on-nlrr ,t u matte even "f acue pfiMibdiu tlmt arr of the stocks winch lime been active in the past few weeks . nn inv,. iipwaid The fai t thnt effort, of nci imun, m on un nuibit.oiis r.. al.. lone lien un mccorhfiil in i-tnoral lU-tnne. s lecentlv, while n matter of nmiiunt m the financial diti t, h um ncurileil as addln- am tlniiK unfinorahle t. tlie tinancial situation Pennsylvania Crude Oil at $3 I'lltnlniricli. Til.. Kvb .'rt Tht price r,f PennavlxeiiU nnd otner itnul.H or cru-l. nil were furtlur redm i il toda. ucuordlnc Io an arnoiinceinen' uurle bv i ho prin cipal oil pur' ha:. mB iK-ncuHhere t'enn ylvnnla iudn waH mt .'5 centx n bar rel, mnklnit the new price $3 cnbol was reduced to $t 86, Somerset to Jl 66 and flomer-ot l.lcht to 1 8(1 a barrel, .1 re duction of 20 centH a ban el on these thrto jrrades. Ilajtland remained un changed at Jl a barret RAILROAD EARNINGS CANAI)tN I'V-U'M 1021 Tidiil Hk lbrury iJ.oia.ono J-o. 1. to fttt 21 23.033.000 iM-rter of an 1 11-. meanness 111 lor eijn eTcbtinite trii'ijularltv in seiuntps beir'sh stitt'stics and nnfa-ornMe d -mest". mil' news en'ir'-need .e'l n":. Duiiiu " '''' f 'he first hour tin n.nrket ruled weak nnd unsettled und'"i prevsu-e from tlo- S'trh and from re .iMioiusfi w-h had bouzlit jesterda -ul carlv tod i in tl ' hope "f n f""v Tovard'H o'ebwk t s s-dlini; tapered off and f'-i h ' . ns developed, prfi mot nu n mil' "f " 'l"'-"" P"int- or more fiom the Uiwi'si :: : '.. ...- .. 1 hi '"i o ,Vi t "(I 1 ' "l 1.' Oo 1 'i. 11 1 o ' ; 1- 1 I ' t I -I - ' Mil' i-i -- : 71 1 ' :" 1 1 -0 1 1 so 11 to S.t1!! "j Sl'jC 1J 53 li-loh. tJ ocallon No white Sr.fi 5".'j. Steadily white. No 4 V -. , II I'" V.v 1 ' 1 ti" ' -; , . mi' 11 U'i 1:1 'S II 40 -tl I' I was an Jnr- o" 112 non 130.000 Nu A'l.s llT-lriiB h d 1 '.ir ot- .1-4 HtHO'ls No J . roe .- u i'ji I'M 'I'll lie. eiiii. 700 libls nml 1 52.1 h'13 lie in iuek" Dull end iinehned C)un 'i'.iiu lure Tin Hound K.ifkid In 110- pound juu fiieitu en .1 win. i. blra k.U vmii. is .ion ii ,:i ,io ru'i.ru; js5s..',m linnl wlrt.v utinlnhti tVH 25. do tboit I 1 ei 1 Sli .'OttO 7.i mirliiK t.rsl- cliar. $7 5 7 7". do puttnt JOtfti 25. do Bliori patent in lilifi lfl 20 fancy Kprintf .ind city mltl pnteni. fiunilv brands $10 7,1911.25 Itye tluur 19 7." Win 2ft PUOVISl'f.V.S. S-adll 1 c'rt Qunl.it ens. rieef. In pft.. aniol,"d nd air. di led, 51c. b-er knj'-k e at.d t-ridre urnoked and air drld Bc perk f.nnlly. $43 ham-. H. P. cured one JJ S 1C.M 'g , du wkinned lroo. .aifl.'."! i'u do Binnked. 24'fr2.V ham bi lied briieienH 3Se plcnl rhouldrj S. I". rured, loos, in . ip. nnioked. 10c: beltie-. .11 1. (.kl 1 10s, J0i brc.ikliHt bacon. 26s. 1- rd I Sc l.t'TTHH 1'irrn al l.ite .idnne Quota i 0T1H IY. li Kn'.id-pai itd cramer fancy. blKh-HcortiiK K odK .Mil ilr .-xtrii- .-.Io, ex tra llmti T,lUit2: .'.ihih, 43Tvritic second-. ,1 iff 40.. iivoi rreanier, ehelie to fancj, 55 i ."7 fair to h 1 44.'.4i. prlntH Jobbing ii i.,l'iit.c for fanfy and .'..'liil.'c for fair o fbulie j l.i.li -it Jc lower uuut.ulon- , Vearb" lire iu 3nc ptr dozen nearby cur- nresiire 111 wheat in f'" rc-ipis 3".c Aeiern extra nrms pris-uri in win .if 111 ,.,,. d .,. .uhc. inferior lota lowei . Lithe-n .'Ut. fano cand'eil euc- Jubblritf at I.'iOIOi fii.r to Bond 3:i5 I4 I'HKIISK In xinall suip) and firmer nt-ti',nf wire Nysv Vorli whole-milk Huts f ney be il isliL'Ur do. fair to good I eel Jil'u'JTf .1 , f.iru fieh i'l'4l2.'c lu roniinw1 to fulr fresh J221c. Iipu norm held i'JllJIJ'ji do fresh. 2(T2nWe -mule Inlslcs, lic.d 27C2SC, do, freah, 2i 1)27e JubU nir salea of fancy held irood", 80 'it .lie. I IVK I'fifl.TItV Kowla fancj, 373hc medium H.'-flJi".. -mall and Inferior. 81 11 IP white lieuhr.ni row " .l.l&fl.le. apiln 'hekena broilers loiHfc- jounn rooier fanr -oft mealed 3,'Q3Kc UiitBy, jounif n,.)ter 27ilie old rojaiers, 2IM2.V. tur ' hvk fancy lll.VJi. do ordinary, 5Jf4". lu'ks white l'ekln latjlfte mixed colnrn loltU'i. d. Musfovy, 2sifi.Mc. eec 2S 'I 3.'. piKO'ins par pair .-."IjOOe UrtI7riili:ii I'OUI.TIIV fowl-, freahkilel drj-piiked In boxo welfhlllal 4 U 5 lh ar.d oer apUie 3Ur . wellfhlnit H4 lb- "llff ;I7. . wellhlrn 3 lh "J'-tfSSc. fowlH. fr. ill killed In Mil- dry-picked, weluhin 4 ii ". IPs apiece 3Sc weluhlnn HV4 lh- 3:.l HV. wulKhlnn 3 Ilia and under 32i"84o. roastini; clmk-ns western, dry-p.n lied, in tioies wHKhlnu 4''ift lb, and over aplc.8 uti'u IU. welnhlriK 4 lbs 371l3H- romtlju rhe k ens westerrf dry-packed In bb , welghinu Itfl lb and oer aplere .1HB4IV, fryers, wcitein dr. -packed welKhlng SIJSi lbs a place 33A.15e broilers western drv-plcked, AeUlllliK l' 2 lbs aplecu 13W4". hroll- rs nearl weluhlnn l'i 85 lbs nplree HI ft IS. . roitln cllckena nearby welKhlluc It a lb un.l oer apiece 30&4l)c frers. nearbv weifchlnii,' 3W3H lbs. aplwe 34 U 3c turkeys aprlnir fancy, VlrKlnla und ...,i -'. 11. nftt ei.nl esi virmiun .iiv.i.u ..,... '"";'- .'i---uari r- ! pei ern' ' . . fln A An n.rt inm. SSSSfino. 01 ,i i ,i tn ut.nA 4.ri50c old rnoster- dry p.cked, 20c ducks weitsrn, flicy 37 40i Kef-e. wesierii iiiivii-'1.,""'".! I's. pair eprlnff I1V1 2S (WS I 'a H H.. -10 1; US 1'hlla O) cum nf.. .12 1.'. I'lill Rlee L'oi. 221J "ot-T il l'i.". do prof.. L'7'.'. U7U r'7K, 1? .".U'hilallT 17'i 17 " 17i il I'l.ito j.ic " 4-r ,a !!)". 32144. ',3 I'hila&W pref ... ! 7"i Cn True .'Ilia; '.-'" ft; i... ::n H do prrf.. 4!IC, ::.-3; w .'hi-i; . , .in . l!)Ts . .ft chanun made by comparl-on with last lav on New York fitoclt Kxcban-e. Public Waits for National and International House- Cloaning Saw York. l'eb. 2ft. The Herald's financial review today follows: It rarely happens thnt the stock mar ket falls ho completely Into the hands of the professionally Interested oh It did thin week and last. And the pro fessionally Interested hnppened to be quite unanimously bearish, not because they felt particularly tllstrcscd orcr current events or perturbed nbout Imme diately prospective developments, but because, In the nbsencn of constructive sentiment, there was no support what ever to the market save that which the bear traders themselves lijjd created in tbp shape of 0 large idiort account. The tradlns element, In short, was engaged in taking advantage ot n trnnsllorv stage In business nnd in dustrial progress, and there was little or nothing to disturb It In the posses sion of the field. Operations were not on nn extensive scale. Had they been, they would logically have led up much quicker to a positive Issue. Consistent lesistnnce ot the stand ard list alone mode It ndvit-ablc to cover leisurely from time to time, but there was nothing nt all in the imturc of coercion to render the bears In the least nervous. Ihey sold at will and bought at will. Tiibllc Is Merc Spectator The onlv role which the nuhllr wns disposed to play was that of spectator. It was waiting for the curtain to rise, first on the setting which the impending chnnge in administration at Washing ton will provide, nnd second on thnt which will present the meeting of the supreme council in London to deal finally, It may be hoped, with the knotty reparations problem. The one presupposes the placing of the national house In order nnd the other the international. The two un dertakings are interyoven. Time Is the chief factor in both. Neither Mr. Hard ing's entry into the Wlhte House nor the appearance of German representa tives at the London conclave will at once do the conjurer's trick. It is whnt they perform ns the wecki or months go on thnt will count in Wall street's calculations. The personnel of the new cabinet slate has done much to encourage sentiment, particularly the inclusion and accept ance of Sir. Hughes nnd Mr. Hoover. A strong "cabinet and a sympathetic Congress, together with the President elect's attitude of responsibility to the people, are of excellent nugury which cannot be left out of account in ap prnising the future of the financial com munity s activities. Agrlciilturals Are Weak Weakness ill cotton, grain nnd foreign exchange were highly disturbing factors in the current week. The southern staple established new low prices for the season. Illustrating very forcibly whnt is going on In all agricultural products. This is tlii sort of thing that everybody enn see, but what everybody cannot see is that business Is Improving In general. It is improving becnuse virtually every thing Has been liquidated except labor and labor is on the threshold of step ping into the crowd If the swelling fig ures of unemployed workmen mean any thing. Hank clearings indicate thut a lnrgo volume of business Is being trans acted. This would be conclusive If statis ticians were content to mnUc their com parisons with lOW rather than with 101.S. War expansion nnd post-wnr contraction do not form n sound bnsis for comparison, nor do they preclude contemplation, of course, of the com mercial tragedies inevitable in traiiM tion from war to peace. It is a ense of accepting whnt cannot be helped but il should not he permitted entirely to destroy perspective. A reasonable con ception of progress toward normal calls for some forgetfulness of the peak of war prosperity. The present period of the year is usually one of more or less stagnation. especially so in n -ear when n chnnge 11. national administration takes place. Demonstration of policies is awaited in nil qunrters. January disclosed decrenses in both expotts and imports of merchandise, the former being SOri.'.OOO.OOO against 5.721,000,000 in December nnd .?722. 0(10,000 in January, 1020, nnd the lat ter is'-'O'.I.OOO.OOO against $2I.,000,000 in December and !?7'1,000,000 n year ago "The matter of transportation charges ns nn clement in manufactur ing costs not as yet revised, involving a readjustment of railroad wages nun hence of freight rates, was widely dis cussed in the industry. An immediate solution is not prommlng. The roads have rlrendy to contend with the de- clitic in freight business ns shown b the steady Increase in idle freight cars, the mereiiKo this week alone having, been ,'t,iO() cars in lound numbers. New Knslnnd car loadings were li'gber but other divisions of the country were not able to follow. Am Cot Oil Ba 1 75 Amn Bmetta Iter Da 1 771 1 77i Am T A T clt 2 78 Am T A T fl 1 00 1 OOVi Atch Top-ktt 4 H'a Fo 4s 3 77 Atch Topfka & S Ft cv 4s 1 08H Atlantic lt-t' ct OVis 'S 00!4 Halt St Ohio cv 2 08-J 11 A Ohio JHjs 1 81 2 Si Ilalt A Ohio 4t 3 G8VI 3 08U 5 . . . . C8 10... . 118 4.. .. 08 Halt & Ohio S West" 11 314 1 77H Hem Hteel 1st 5 80 l'.fth S 5s '30 2 80 Brim Hapld T ct 7s t a r. 4n 3 3SU Canadian N'n rtlys rets 3.... 101H 2.... 101 u 1.... 101 Ctl l'aclflc 1st 1 729, Centl l'ac 3'4 1 T0V Chea k 4 II In 2 79'i C'k & O cv 5s 1 81i C d Alton 3Vi 1 . . .im, 1 30 Chi 1) & Q urn 10 . . . 80 10. .. 80 10 60 Cm II & CI 4s .-. . . OS 4 . 08 3... 08 Chicago Ilurl'n 4- Q reu- 4s 1. ... 0TJ Chi & Kast III I'S rati ct Bs 2 81H Chi . (1 W Is 5 51 ChiixKO Sin & ft 1' 41 2 . . 09 Ch!riio Mil StP fd 4'4s 4 G2 2 61 U Chicaco Mil A Ht V V & M 1 .... 08, ChicaKO & Nth Wn 5s '87 1 03 Chicago & Nth Wn OH- wl a 00', 1 nn 1 40 po Can 5s '31 10 00, Do Canada '20 4 02 Dom Can '20 3 02 Dun I.lKht Oi 1 80U Krlo Uenl Men 2 40T4 1 41 1 41 Brio it II tv A 1 88 Erie liy Co Is 53 U Oovt V 11 rets ni 1 70"i 1 80 IA II 4'i '21 1 00 2 00 t'a nu 0U- 'l 5.. 4.. 0.. 1.. 5.. 1.. 07 ',4 117 ft 07 H 07 W 07 U 07 14 07K 07', tiutv 00 00 oou 0!) 00 on 00 PO'i 8. O Hwlt-'d rets 2.... 102S a.... loa'i B.... 102M, (Id Trunk rets 101W O Nth Illy 1st 8 82 llnv'a I'tee Ba 2 7 l'i 1 1 ud ss .Man fd 4 04. A 04" 2 05 Hud & Man In1 3.1H Int Met ct 4 '4 10 10 'i Intlwr it Y ( 3 B2U 12 B2'4 1 02 1 M Marine 0s 1 BO14 8.. . tiO'4 Jap Ooe't lat B.. .. 82 Jap Oov't 2nd 3 82 1 8 82 1 Jbu Uove't 4r 1.... 03 B 03 20 03i Knn O 4 S Si 1.. .. B4 Kan C A X 5 a u, K C T Illy 4s 1 71(, 7 7m 2 7m K tlelglum Os 2 01 1 01 1 00 K lielK'rn 7 'it 1 ... 00 0 .... 0S't K DclK'm rets 3 . . . . OH 1... . 08 1 08 B 07; 10 074 Kingdom Den mark ct 8s 2 07'4 4 07 Kingdom Nor way ct 8 3 Of) 12 00 1 20.... 14.... 1.... 28..,. 23.... 12... 30.... 1.... Pcnna 11 H 7s 7.... 103 2.... 102U 1.... 10214 Peoria A 11 1st 1 01 Phil County cv 7 02 Public Service C'n N J Bs 1 BOW Heading Hy 4a 8 81H B 81 tlepubllo Chile 8s wl B 00 0 Oil 3..'... 00 10 00 1... . 00 Itep Cuba 4V4 2 07 1 C7 Ileii'o J Be '04 1... . 70W 1 70V4 Rock lid A A TiOut'a 4 ',4s 4 00 1 05i 1.... no St Ii l'n Mt A H'n niy 4 4 70-1 lit Ii l'n Mt A S'n my Bs 1 8tm 0 86V4 Ht I. A a 1' al 4 05 StliaS 1" In 2.. 20.. 2.. Chlcaao A Mi) West'n 7s 2 1021 2.... 102 1 103 Chi Ilallw'a Bs B 03". Chicago n Il'd A l'ac fd 4 07'i 10 07i Chicago It Il'd A l'ac 4s 2 70'i 1 70 Chile Cop'r 7s 10 04 Cln lias Co Bs 1 83n Cln W A M 4s 1.. .. 05 City Heme Ss 2 om Clt Mars s Ct M 7rt'i C N Y'... 4s -a.- 10 N34 C Zurich nts 1... . 05 1.. .. OS 1 03 Colo lndu-t Bs 1 70 Colo Jt H 4'4 B 73; B 73; B .... 74'i Cuu.tn C H cv 4 83i 2 S3 Denmark Con A ct bs 20 OOU Kings County Te'al 1.' !-" In 174? all ftp ha .,.... . .... L4-J Ktam yfst.rdi. Thus far this week I. . 04.. ii.. 1.. 8.. 3.. V 1...1...,. I! ct 8s I, V fls'O 1 08; Lake Shore. M S 4s '28 8 -m J.ou A Nash 4s 4 83 Louis A Nash Mono 4 s 7 0.1'i Mln A St L fd 1 4S Mo Pacific 4s I .... S4. 1 Bl 1 34 Jin rati Bs '23 1 90 Nafl II R Co Mexico 4s 1. ... 1' New Or Tex A Mexico Bs 1 03'i 0 C3"i N Y Cent'l cv 2 . . . 83H N Y Cntl 3 "4 s 2 07' 2 074 Cent'l 4s . .. 70H Cent'l 0s sow 89 H Ml Vj Mi' f0'- N Y C 7a rets 3 ... 101 -j 3 ini, 10 .. 100 N Y itic 414s 10 .. 78'i New Y W C A lloiiton 4'4 1 384 07 l, Nfk & W cv ns U7V, 1.... 10314 (17 "i 10 .. 103 07', 07 '4 07 '4 07 '4 07 'a 07', 07 ; 07'; N Y 1.. N Y 1. ' 1 1.. 11 07?. OS 07 41 0) 07 V: 47 47 47 'i 47 '4 47',; 474 47 V, St L & S Kran ferles A 3 01 '.i 7 01'i St L A 9 Pran Series D 11 72 St I. A H l'ran Scries C 1 80 1 80'; St L Sow' n Bs 04 San Antonla A A r niy 4n 1 03 Seab'd A I ru 1 34 Scnb'd A 1. M R 38 2 38 Seatd A I- " 47 ; o'n facinc fd 23 70 7 70. 1 7flH 11 7'4 4 70'i S'll l'ac cv 4 s 2 78U 10 78N 10 78'. 1 78'; S'n nallw's 4s 1 B8 Btand'd Oaa A Klcct 0s 1.... 101", 1.. . 101 4.. . 101i Tidewater Oil Co ct 0'- 1 0(1 Union l'ac fd B 75 Union l'ac 4s 3... . BO'i 1 ... 80 4.. . 80H 4... . 80 Union l'ac 0a 3 ... 100 U I" of O Ilrlt A I'd 1022 2 04 6.. .. P.tS U II of Ct llrlt A I'd 102'! 1 88 U IC of O Hrlt A I'd 1937 1 80 2 80 1 80 L, . . 80 U 3 Met 14s 1.. .24 l S Itubb'r Bs 2 78 1... . 78 2. ... 78 U 8 nubb'r 7s 3 08 7... . 08 u a nub 7- 1... . 011 2 tii' 3 Wl'. 2 on'. it S Steil ns NEW YORK BANK STATEMENT Lot-no and Discounts Decrease $2, 516,000 Time Deposits Hlflher New York, Feb. 20. Tho actual con dition of clearing house banks nnd trust companies for tho week shows that tlicy hold $14,:t'0,0S0 reserve In excess of legal requirements. This la an Increase of $2.(118,010 from Inst week. Loans nnd discounts decreased $2,510,000, the total being S 1.1)1)8. tW 1,000, ns compared with ?5,K)1, 150,000 Inst week. Net demand deposits were i"24,2.13,000 lower, while net time deposltsjncrcased ?.'1,7-10,000. Details follow : AVUHAUn This Week Last Week Excess rescne.. 111. 783.1 ID -UMSii.tno Aggtesato rtisere BOO.OtiO.uOO Bll,7,p Loans, etc 4,ui,ia&,oou ii,u.-,iwi,"u Cash In vaults 11 nd membor , , Isuiks ... ... 78,513,000 70,811,000 Itesere In mem. br banks antl . . , re-erve banks,. 492,240,000 404,02e,000 llesarvfl In state banks and trust compajr.es ... . 8,703,000 8,803,000 Ileservs In slate hanks and trust company tl-poal- ... ... tarlea 8,937,000 0.05S.OOO NtSIU m.".n.d. . .tl.e.'.3.700.n78.O0O 3,783,418.000 Tlmo deposits... 234. Oil. 000 235,210.000 rirrulatlon 34,la,uuu as.nui.uuu Unlled States deposits de- .., ducted ... .-.7.014,000 BI,O45,OO0 ACTUAL Thl9 Vttt Last Week llnreaa nen. 114.:t40.tlNII I1.722.H70 ggrenat- resv.. 311.123.000. aM.8M.0on Loans. etc 4,008,034.000 n.noi.inu.uuu Cash In vaults nnd mom'r bks 78.S13.000 77,652,000 lleservo In mem- lier banks and . ... ... reserve banks.. 400,733,000 400,0.11,000 Ileserve In state banks nnd trust companies .... 8.731.000 8,038,000 lleservo In stat banks and trust f.m,.iit, ,1flnnl. torlos 8,039,000 0,203.000 Not dom'd dents -3.774.C04. 000 3.798.837,000 Time tlets'i'lts .. 23l,flli0.noi) 28it.l'41,0i0 Circulation .... 31,107,000 34,405,000 U, S. deposits deduetel 50.314,000 00,872,000 STATU HANKS AND Tl.UST COMPANIES Decrease Loons a lnvestments$577. 272.800 14,180,300 Gold 0,823.300 11,100 currency ana lunit notes 10,441,000 323,400 Deposits with rd. nes. bank of N, Y. 00,413,000 1,111,000 Total deposits 003,179,30(1 0,504, 5U0 Deporlts. eliminating amounts duo from ii'B-rvo deptwliarle A from other banks and trust companies in New York city. exchanges and do- poslts by U. 8. gov- ernrr.ont proceeds of sale of bonds 534.104.300 11.020,300 neservo on deposits. 103.B24.20D 2.080. 700 IVrcontnge of ns. ,21 . 1 CURB'S WEAK SPOT IS READING RIGHTS Prico Dwindles to 15 3-8 on Few Transactions Durant at New High Now Vorti, Feb. 20. The market on the Urond Street Curb showed n stead to strong tone with tho exception of tli dealltigs In the Heading rights. Thes privllegcs, which have been firmly held around 1(5 during the preceding mt of the week, were Influenced by n. dwindling demand nnd, on a few tran nctlons, dropped to 15. Leading In. terests are not taking favornbly to the Heading rights, nor the Heading cool stocks becnuso thcro has been no formal statement by tho company of the Ismi0 of rights or whnt tho stockholders will bo entitled to. This, however, Is dell nltely stntcd In the plans submitted to the Department of Justice nnd prnt tlcally approved by the federal outhorl. tics. Texas Pacific rights found un active market with a good amount of buslnei nt 2 and 1. There was continued buy ing of Maracaibo at nnd above 2-1. (Juf. fey-Olllesple, after selling nt SO yester day, wns In Increased supply and reacte,) to 2891. Durant Motors sold nt 20I,i, a new high record. Sweets Co. was falrl active, -.elllng nt 2 nnd 2. Iletuil Candy wns traded In nt 8Mi nnd 8''t INDUSTUIALS W-h Low .nt i. 4 J As-mn t'-'nftl Acme 1'acl: '.'. 4tt 4'd I'ar Light 2js 2M, i!H Durant Motors 20U 20',i sii', II W llllss 32., 32. .".' Inter llubber to'i 10'; in", Inter Trademark on 00 fr. Perfection Tiro 1 I'.i l'i Ilnadlnit rlehls 1BW lls 15 Slnirer MfK 88 88 - Sweets Co 21 2'i :'. U B Shin Corp J4 ) ' U S Steam r 4 fi United Profit Sharing; . . 14 14 l'i United Hetall Candy 84 8'1 I'S INnKPKMlBNT OILS LIVESTOCK QUOTATIONS Chicago, l'eb. 20. CATTLI Ilecelpts, Mk) head. Compared with a woek oro: neof steers, steady to 25c blither; butcher cows and heifers. 25c to BOc hsber; canmrs, steady: cutters, 23c to BOc huher: bulls, mostly BOc hlithcr: veal calics mostly 11 hlnher; opots up more; stockern and feedors, 23o higher; spots, up moro; Blockers and feeders, 23o hi-her. llOHb" Itecelpts. 8000 head. Active. 15c to 23c hichtr than yesterday's averait-; Knots, more; elos nir, strong Top, nti.io; hlk- 200 rounds down. 10.40i2,10.70; bulk. 220 pounds up, lli.B0O10.23; plxs, steady to hlKher. HIIL'HI' Hecelpts, 10,000 head. Today's receipts Include 7000 direct, few wales, steady with Friday. Compured with a week airo: llandy-elnht fat lambs, 1,B0 to t).7' hl'hor; sheep jcarllnKs and hoavy lambs, 12 to 12.25 hlKher, spots, up more; rceder lambs, 11 h sher. rltt-buruh, Feb. 2fl. IIOOS necelpts, 1800 head. HlKher. Heavies. 9.7510.2S; heavy yorkers, light yorkers and pbts 111. .Ml. SHEW AND LiMn3 -Hecelpts, OOO head. Steady. Top cheep, 10.30; top lambs, $11, CAI.VK3 Itecelpts, 30 heat", Hteudy, Top, 15. Kut IlaTalo, N. Y.. Feb. 20. CATTLn necelpts, 1B0 head. Steady. Calves, re ceipts. ISO head. Steadv; I501D. HOOS necelpts, 2400 head Heavy stoadv; others 25W33c hlKher. Heavy. 110 WIO. 70; mixed, 1116(11.00: yorkers, lluht jorkers and pics. '11.BOO11.00; roUKhs, 18 StH.Ol; stags. SBirO. SiniKP AND IAMI1S Hecelpts. 000 bead. Steady. Ur..'hnnrcd, Kast Ht. Loiil-. 111., Feb. 20 CATTLn Ilecelp'.s inn head. No market today. Com pared with a w-ok ae;o: Steers, 5()lB,7Bc higher, heifors. 73c to 11 25 higher; cows. BOc to 11 higher: canncrs and bulls steady ; veal ralves. 11 30i?2 higher; stockers and feedirs, 504f75o higher. HOOS necelpts. S300 bead Opened ac tive and 1352Sc higher than jcaterday's ,i crane, closing slightly laslur; most of advance on light weights. Tup, $10. M.I for one load, practical top, 110 75; bulk light and mediums, $10010.50; rack-r sows und pig- steady, clearance and quality good. SHi:i:i' Hecelpts. 800 head. No market lod.iy. Itecelpts all dluct to packers. Com pared with a wek ago, generally about sl.iu higher 3S . 0 22 10 . 13.. 0... 5.. 50. . B . 4.. 4 Den & 1... . 07-1 07 4 . 07 ", . 07 '4 , . 07 4 . 07 4 . . 07 i . 074 . . 07 4 . . 1)7 4 . . 074 . . 07 '4 11 (I in . . 40. iNcrth Western! Itr-ll Tel 7a 2 004 1 .. 004 1 04', 2 004 0 04", 4 II0-, 1 03 1 004 1... "4s I 00, ' . 0l4 N'n Pacific 3 3. . . . 05 0 544 2.. . Ill's N'n I'.tclfle fl I 2. . . 0' 4 Of! lb.... a. i ... Oregon n It St' V . 70 Navl Co 4i ,'Vabusi It 1st 2 7S 1 884 Or-wn S ' ".' in Kim if- 1 OO'.i 1 Bl4 P.io O J I. ...ftttdl n Mu 4s 1... 784 1 B34 Pac Power AW i. V. Mfg 7a Light Bs 1.. . 75 r . am i ' . 1 80 Sal . lion non. Lou f iOe 1 (:.', in2:'i Net chge il r4 ,i . . GRAIN MARKET (lil.fieii. lib -Ii U'Cr tI.vi m i. of sel' n the i nrlv tinning t'eiiiv unn mioei f'ii'' gencnil tuning 1 nwnilfc-lon 'inn--"' tin' market win firmer. Scnti ri en' vs.l" " i"11" in'H1' bulli-h on the leient sob- fr exi'nrt nnd the prnb abi'if ff cop eenre The ninik't re , elved little iifiiirngeiuent from the litlllll-. ff '"' n'' '"'it"ii . ...i.i.ow iiilltilUU'il ner the nnd fluun' ml siiuntion C.i-n develon'il n reactionarv ten denrv after H "tenth tart Touting of rnoiiiM nf "n0 ''"' """ a bi. irish f.utor Then wre iemrN of Inige iivernight purchae" in the country. Tinde wis small. I (bits follow eil com Dealings vre 1 iijibt (ind M'Uttered. May openi il nn .'inngeil at 1.VIJ.C and reeedeil ",c July film openi'il unaitereii in -ju-ic unci lie- nml ner-eeiinomic DIVIDENDS DECLARED Swifr .rf 'o aua I -rly ef 12 pajah'.j Awl! 1 i.i bt..e( nf record March 10 , Tlvi Dominion l'uundne and S'e I Ltd dvl.l nd nn nn iri'n f Us subs'dlary tl Vllpnlaek t.ei l'i In proper! on nf one iihare ef A'lroudnnk fnr i-vi-rj flu ihires nf L-nniln mi F'i iindr'f s beM lnt-ad of ijuar. t. rl of 11 Per share on common stool- Tod I Shlnjaid" fU-rtrly $2 payabls tnr, h 21 t. stock or reeoni .iiaren i i .nif I ntl. r uuarl r'i 1 ... nreferred pniab' Arrll 1 to stork lcr'rrt March '0 Oklahoma Prode nr nil netlninr? r auarterlv of 2 per c m iaablu April 1 to lock ot record Marcn is, lflnh j lle -j,. 7.10:t "i I'lec ". I'eo Tr -ih . . nii4 1 Id Lib HoniN .'iVis nn a io 7 -20 2d .ji.s sti.ri :i-2(i 1-t Vi.. h( 70 80.70 8(1.70 - n -ji .111 -i',k mi in Nil 70 RO.ilt. . 12 1 -20 -1th -1V,S 8(1.01 80 .(0 80..10 .UR 10", Me IV, s-. 117.44 07.10 07.41 .01 1." I'ennii (,'o i-oil 4'-:s '10 fiO 00 00 ti, 0 1'hiln Kliv 1st ,'s RTi;, S3i,:. 83li.. 1 I' UkXV 4s 083, !-,.v 08".' l. 2 South Hv is rim; nt't -js-,.. Totil $07 000 rornnared with lis.1 S.I0 ..-t.rdav Thus fr this week, 1415 700 FOREIGN EXCHANGE New York. Feb. 2G. The foreign ft- c tiiiu" mantel lit mo opening; louny T. til. .'i7 no) $48 001,000 $il.2.-il mm. compared esterday. Thus far with th's 084 08 4 l'H-4 08 Vt $10 -week. guineas. old, TBS'SJc, NEW YORK COFFEE MARKET New Vorli, Feh 20. Trading in enffee futures opened quiet nnd un changed to n decline of 4 noints. Tin market was entirely without new fea-jl turn of nnv Hind. Tho market diirinsr tho first hour v. hi. dull, trading dragging along without! snap and prices practically nt Initial! ligurcri. A epeclal cable received from Santos reported futures there fi0 to 12.1 leis higher, but th's failed to bring about any particular change in local H'ntlmcnt. VfHt Open High Imw rin-ij ,i .,-. 0 2.1 inV, n L'H fl 10S18 tl 25 0.18 0 2."r.'-. il on A 8 41W4.-. 0 RS n.SAO.io ii oo fl 55 ii niiirn-, n r,.- . OKH's- n 7n H51J07 7 01 0.00 7 Ci - Ti 0.1 i; (17 . 7 23i21 7 i, 7 80 7 36 7.30 7.4."rf"r n 7 Tl 7 40 .7 B-.fMn 7 i-i 7 flTfJftsl 7 RT 7 1178 D 7.08 7 08 7 77980 7 03 lit tho itii.urA.il i-eneral weakness, with the ex upurn of Scandinavians fe"trltni. nt ur. fnr ilemnnil nnd 3 80 for cables 1 w.i. VjC lower. J'Tiuic cnuies 111 in cum I'heiKs nt 7.13, were Hi lower nncl at 00.80 00.80 10 itrc some time wore up just to that cs 80 44 HO 44 "8 t nt compared with a week ago, Urn () cub; s at 3.01 nun unecaa o.uo va ruiunui a lote of IH. 110'lier nuotniions ivere; SWss cables 16 B8, checkn li'i59: cillilers cables 34.20, checks .11.15; Pf-elHS cables 13 00. checks 13.881 '"oekholm cahles 22 15; checlis 22 35; i-hrtstlaiila cables 17.40, checks 17 30; Copenhniien cables 18.10, checks 18 00; Relelan cables 7 46, checks 7 45; marks 1 GO. The market torlny wns sluggish with a downward tendency and closing figures woro not far from the low. showing de- lines of 1 to ti points from yesterday's final figures In franca anil Helglans cUerllnR moved within v narrow rnnge nil left on oniy "i-'""1 ": "".! Liberty .'i'a" Liberty 2d 4s... Liberty 1st 4Vts.. Liberty 2d d'is.. Liberty lid 4H.. Liberty 4th 4Vis. Victor Notes .".'V 07.40 Victory Notes 4"iH 07.48 High 01. OS 80.00 80.11 J su.ns 80.08 80.01 lxiw 01.00 8o.ro 80.81 80.44 80.8S 80. r.t 07.40 07.41 c!o 01.08 sti.no 80.88 80..-0 80.8S 80.00 07.40 07.40 DROP INBANK CLEARINGS Local Exchanges 16.9 Per Cent Be low Same Week Last Year Hanks of the local clearing house as sociation show nnother decrease In ex changes for the week, the aggregnte being $271,400,451. against ?nao, 270,700 this week last yenr, or a drop of 10. 0 per cent. Total clearings of all the clenrlng houses in the 1'nlted States, us compiled by the Commercial nml 'Innnelal Chronicle, were ,$,",. 782,440,280, compared wi'h $7,180. 181 277 I"' c'oi-re.sponiiiug LOCAL MINING STOCKS TONOPAH STOCKS Hid ANlv lash Uov "il .07. Jim HutUi 15 .17 MucXamara 15 .17 MacNamara. Crtrccnt Ill .12 Midway 11 13 M cpah Extension lit "0 Montana 01 Od Nor'h Hlar Oil (17 ilicue Kuli ' IS 21 Tonofuh llxtenslon 14 IS Uest I'nd 01 lei- Wes. Tonopah In .12 DIVIDE STOCKS Mlled Divide 01 .02 Alto Dlvldo OJ .03 1 elcbci 0.1 ill llelch'r I'xtenslon 01 01 Hen Hur "I llrnuKh Divide It .13 ildo 17xtinslcm 30 32 Dlvbln fincllcatii el liitlda Con 02 , O'l 1 DHId nd OJ .11.1 1 i-.iiiit Dlv.do 02 .n'l Itarmlll . .2" 2J I lia-Vnuck Divide . .01 02 High D-vid- ul lleeit Divide 02 (13 llcno IUIdo 01 lloseltii Hi .'11 Mler Klnu 0.' .0.1 Tononah Dl-.ld.' 14 l Tonorah Hiisbiouck 02 01 Victory D.v'de til 03 Veriij Divide 13 .01 Zone 20 .-.'2 OOLDFIKLD bTOCKS Atlanta "1 o" nine Hull 01 112 llonti 01 11.-, COI) I04 ( nmbinntlon Traction 01 .112 Crnrkerjaek ., OS .1(1 Dlan.'iniinUd 11 ll 01 02 Iral-y .01 Plorenee 31 31 lioldr-cld "nn OS .10 l.nlibleld Jbrrter OOVi fiold Development OJ .01 (treat Ilend 01 0". lumlro nx'enulon OK 10 K. mm 0.' .03 I.nn Htar "3 .00 (Ho 004 lied HIIIh . . .... 2.0H 3 00 Silver rids 07 .os Hucarhead 01 .01 Allied Oil Koone Oil Doston Wyoming . . . . Corlb Syndicate . . . Cities Berv "B" ctfs. Denny Oil Klk basin I'ct Engineers I'etrol Federal Oil (llenrnck OH Ouffey aillcHPle Hudson Oil Inter Potrnleum Lance- Creek Maracaibo Oil J.rurrltt OH Mexican Pan North Amer OH .S'oblo Omar Oil lied nock OH Hlmms Pet Skelly Oil Texas Cn rls Un Texas Oil Victoria OH (new) Western States MININO Aliska-nrlt Columbia ... Atlanta HlK Ledge Hooth Boston & Montana . . Cftled Mining Cnndelarla Mln ...J. Carson Hill Crescent MacNamara L'I Salvador Rureka Croesus . . . . floldnold Cons Ooldfteld Development Ooldlleld Kewanas ... OoldOeld Sliver Pick . . Great llend Hecla Mlnlrg Iron lllnnsom Jumbo lCxtension . . . Knox Dlvldo MacNamara Marsh Mining Mother Iido Mother Lodo (new) . . North Star Ilex Cons ltoche-ter Minos .... San Toy Silver King Dlvldo . S Silver I.ead Steward Mln Success Mining .... Tonopah llelmnnt Tonopah Cash Hoy . . Tonopah Divide Tonopah Kxlenslon . Tonopah Jim Ilutler . Tonopah Mining . . . Tonopah ".flzpah . . . Tonopah He-cue Flula Tonopah Montana . . . II S Cont United l'astern .... Victory West Knd Con While Caps llf Allied Packing fls... Aluminum 7s mcr Agrl Chem 7 Vis. imer Tel (is ot Araeonda 7s of 20. . Anglo-Amer Oil 7'4. Armour 7s I'tlh Kteel 7s of '8.1.. i:oier llo.ird 8s ... Coprer Kxport 8s of Ccppcr Kxrort 8s r.f (errr Kxport Ss of Cnrper Kxrort 8s of (lulf Oil 7 Ore nil Trunk OVaS Inter n T 7s . . . Kenn-cott 7s . Hlrcl.ilr 7 'is . Merrls 711 . . . S O of N T 7 of '20 p O of N V 7 of no Swift Co 7s Teas fo 7s Mi stern Klec 7s .. Swedish fls . . Swiss 8 'is in 7Vi 29 8 ltV 14. 20S . "ft 24 12'. 8'i 2H 2H 1 ' 7'f T'l "a ' '4 12 1W Jl 28. le, !? s i.i'5 21 12'4 8'i 2. -rft l 7'i 7'. 1 . 1'. I. i Ki 21. '-! "' .1 B ,...oi 81 r.t ,...10 10 10 10 10 11 .... lA i i ...13 13, 13 88 80 S7 . ... 8 8 " ., .. o . .!! a a s ... 7 7 7 a n s .... 4S 4'4 II .... A 'V ... 8 8 k .... 17 HI " . ... HI 1.1 1" .. . 8 H S 82 bj s: r.'i n f. . ... n " C' .... 7 e . B .1 -1 a ; :::: "a 2a " :::: 5 I I . . 1A 1A ' ... 7 7 7 1A 1A J' . 1A 1A bi . . .1.1 IS 1" .. l'i l'i It .. . o o ; . 20 20 "0 . . . n a o o''i n'4 .. . 2A 2V. -V. . . . !l 3 . . 1A 1A " .. . 7 7 T (DS . . BO 30 .1 ..,.07 07 o; . . . 07', 07 ""' lis or. ci . ... 04 0"i 04 .... 00'4 09'n 0! i ...07 07 07 . ... fl.i-'. o.i', !'; . . .. 00 i 00'i o" '22JOOV4 loo inn . '23k004 OOV, OU'f "24. 00'i Oft "4 !l"'i 2B. 0O fill fl ... 7 4, 07 , I . . 0.1 "i OB" 03'. . . OS '4 08 T, (."'i . 01 U Oil. 01' . . 00'h 004 M'J . . na, o, !"' 101 ioi ioi'. . ..102 1102'', 10JU . .. oni 08S 4H . , on oou oil' . . 00 09 fl". .. 70 i 7ft V, 7(l'i . . 82 sm s: Stock Dividend Omitted New York. Feb. 2C. The Texas Pac " Criol nnd OH Co. has declared a ciuar terlv dividend of ZVi per cent ca-i ctw'entv-rtve cents n sliaro). pavaliH March 3i to stock of record Marc i i rVV uKiinl nuarterly dividend of " pet cent In stock wns not ncteil upon per ivpi1; in 187 for comes una aeoy4 ! . u.-iii..n. i.nori or n declne of 22.7 per cent, francs closed at 7 1S4 for cables com. IJj". ' ' ' . .. )ftrtd with 7.1S on i--nciBy, ami cnecKs v.v,..., -;- . ,...,,.,! ct 7 11". Lire ended IVi 19. 1 Itijn Dec I er TOfVor c-filr. nnd J f-r N- -k .12. . . H g.jg.gj g . rnecKn ..cih... .- .-.-- - - - ,v,uu ; i inn i,u .1.111 tii.tiiii inn i.h.iu 7 4" V. : murks wero i lower nt ,'"- ib .i.'.h.W2 220 tu.sbi 01 u 1 roil Tlim een-s wns on IL Iiominni Hume Central Rurnpenn exchnnges wero dull and nominal without appreciable clinnges In quotations YKSTEIIDAY'S 1'INAL QUOTATIONS Sterling Francs Lire clullders n..n.e- . 3 8flMi 7 20 3.03 34 01 .-.......- fc-ir - n .1 ni . -- Cables 3 no 34 1.1 Fel Manh April May Juno luly August R-Pt net No. Dee Offered. BAR SILVER Domestic bnr silver wns unchanged In New York todny at ODl'jc; forelan 54 "ic. up He. In London, the price wai i,d )i gher, at 32d. Demand Cables TODAY'S OPTJNINa QUOTKTIONS Slerlln.' Francs Lire clullders . . M 7 13 3 l'.3'j 34.15 8 80i 7.11 3 04 34 20 CLOSINO QUOTATIONS Sterling Francs Lire Guilder- 3 88 7 11 3.113 ,14 00 3 hll'. 7 13 8 11.1 31 10 Demand Cables DANK CLEARINGS Unk clearings today compared with cor responding day last two veers; r ' 1021 1020 1010 Phlla . 101.203 880 170 820,088 $.111.8.10 010 lloston aaa.o7ii nn.zon.DlH Chicago. 83,741,870 imttlmore 11,0 .140 14.057.008 N, Y. .. 080,231, D?U ,j. W 40,004,447 . i . Kan. C . St Louis H Frsn'ro I'ltmbureli Detroit Ha timore N. Orleans 113 311,1101 80.11(1 2.11 81,4011 nno 118 131 Sill 02,340,42.1 48 31,1 01.1 42.02.1 ""IB 173 017 lhl, HI n 13S .Ills 211 27 H 101 0.11,103 JO II 122 00 4 780 3 7 7B.OflO,0()0 .111 BO 222 202 18 4 B9 257,8.11 28 1 MISCELLANEOUS Ampiro 1.20 1 2.1 ArUona Inltid 1" .1- I den . If -- doth'-r 1elrt .1' B'4 Nevada Hill 01 fl.' .".'evada M'ondi r in '- ; leiv.ra Mining OS .1. '.Vhlte Cups OJ o Milhurl . . "- " W Spruce 8200 1IOUOIIT SOI.D-QUOTKU Rumanian Loan Nearing Completion lin.lon, Feb 26 It Is stated In Paris that negotiations for the Hmnanlnn Government lonn of 1.000.000,000 lei, from u Krnnco-llrltlsh uroup, Is tnaklns mpld progress The becurlty offered Is a thirty-years' lease on all oil hinds be longing to the Hurnanlan stole Expell Member of Consolidated New York, Feb. 26 Harold 1 Sou UlnB. 32 llroudway. has been expelled from membership In Consolidated f-'tock KxchnnKe by the board of governors for lolatioii 'f tteneiiil rules which cover cross-trndliiK QUOTl'D Missouri Pacific Railroad Kiiuipment G!;s Due 1925.193G SKCUIUT1ES DEPAnTMENT Commercial Trust Company Member Federal Keierv- S)ttm City Halt Square West money-lending RATES I'll I l-A lB l.l'll I A Call. B per cent; time, fl per cent! commercial paper, three to elx months, 0 per cent. (Noto These are merolv nnn.i.i quotations, the legal rato of Interest In the state of Pennsylvania being fixed nt 0 per cent Plus premium nnd cbmmls bion, ttmo money for thirty to ninety days la loaned nt 8 to 8, per cant while commercial paper, from threo to six months, Is being offcied nt 8 to 8U per cent ) LONDON.- Money Is cpioted nt fin, per cent. Discount rates, shoit bills 714 to 7,4 per cent ; three months' bill'-, ' 6 13-10 to "'i per cent. A GOOD OPPORTUNITY for ,1 hiffh-cluss technical graduate to become connected with tho selling organization of nationally known manu facturer of building materials. The man we want is under 35 years of age, forceful character, ambitious and reliable. If you are the man, write full particulars as to personal qualifications, experi ence, etc. Address A 907, Ledger Office. A J m ., ---' MjMeVH- vkimter:- v- I--"""
Significant historical Pennsylvania newspapers