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EVENING .PUBLIC LEDGER PHILADELPHIA, TUESDAY, DECEMBER 27, 1931
A Sign Pest of
Safety
The UECORD of S. W.
Straus & Ce., 39 years
without less te any in
vestor, is a sign pest
pointing the way te
investment safety.
Our booklet, "Common
Sense in Investing Mon Men
ey', tells the reasons for
this record and shows
hew investors may pro
fit by it. Write for it to
day, and specify.
NEW YORK STOCK EXCHANGE TRANSACTIONS
RATHER AIMLESS
BOOKLET 743-L
S.W STRAUS &, CO.
ixionreftAii u jicusKsn iSJt
Stock Exchange BUg., Phlla.
Trftpteit Sneer 5618
39 years without less
te any Invester
Oepjrljtit 1021. by S. V. Siram L u
?100,000
Preince of
British Columbia
i'j Bends
Due Dec. 1, 1923
Principal uml lnttri-t
imriiliie lu s Yerk
British Columbia is one of
Canada's wealthiest prov
inces in natural resources
and. in addition, has an ex
ceedingly valuable annual
production in widely diver
sified industries. In area,
British Columbia is larger
than Washington, Oregon
and California combined.
Price 91 and interest
Yielding 6.20:,
Full particr law P-1227 en request
Weed, Gundy & Ce.
14 Wall Street, New Yerk
Terente Mentrritl
Londen. I.ne. Wlnnlixr
in4-ArA,4 itHiiullMrl 4 D..u . n !
Few Spoculative
Specialties
New eri, Dee. 27. Today's stetk I
market was a narrow traders' affair.
1 There was an nlmlca price movement
with a few outstanding spetR of heavl
, less and strength distributed through the ,
I list. Altei?f tlier the trading was color- '
lef-n and noticeably Inciting initiative.
1 Ne particular interest was manifested I
in (he. over-the-Clirlotmns events. Tlie I
I mere important of these, was the re- J
sumptien of dividends bv thu IVenle'- I
Ci!i! after a suspension of payments for
i e'-er four j ears. Offa'tUng this was the
lurtiier price reduction announced ly
the meter companion, and the rumored
new financln? by the International Pa
per Company. The market, however,
. imi tue benefit ei an eat-y money mar-
Uet. There was liberal supply of call
i money at the opening rate of ."5 per cent
u i wmen resulted in a reduction in tne rate
3 '-ter In the morning te lt per cent.
rel ami clique manipulation was no?
quite re conspicuous as in reecnl fes fes
Meni, but it was still te the specialties
, rntbir limn the representative shares
(hat inreresr ran. This mtciI t iter
the coppers mere or le?3 in the front
rnn!c. which lu a measure cetiM bi :
i.elati'l with the window dreeing It
lunuectien with the Anaend.i-Anierl-an
brais amalgamation. T.ie nefr.l
group, however, were quite it-ens nail
respond 'd well.
Th" absence of any real unfavorable
developments ever the holiday prompted
additional covering of rbert 'ontrnet 'entrnet
iif tae outset, but the market "en
showed evidence of wcurities. Wi-ile
some of the recent active leader" bached
1 ind tilled in an uncertain fashion within
narrow limits, the selcttcd is.ue'i wen
I marked up. Apart from the topper,
tlie mre prominent were People's (ns,
which was carried up ever 3 peln.
' en the resumption of dividends. Th"
' maximum sain was scored by I.irr.u
I Locomotive, hlrh rope ever ." point-
rt rvtived niergfr talk. Utlief notice
able demonstrations occurred Jn Amerl-
, can I 'e, Davidsen Chemical and Pierce
Oil xreferred. A number of the ebjure
sh.ire were alce taken up nguin with
u material gains in New Yerk Air limit".
Stremb'.n:. MuuhnUan Pnirt and J'Uie J'Uie
Hrethers Tea.
Commodity Markets
GRAIN MARKET
Chicago, Pee. 27. Wheat started '-3
1 te 'i higher for May and Vi te 6 belter
for July, with a light trade. There
was fotninlstien house buying, wade
' i,rfnMnri er. limited and scattered.
" ' ' The caRh market was inactive, but rela-
OTaaffiam!fflirj3ia ) llVeiy nrm.
Si' Cern started h te -. tev.ir uu a
Hlliniltl trade. After the start, the
ESTABLISHED 1865
BIOREN & CO.
BANKERS
410 Chestnut St., Philadelphia
Government.
Municipal, Railroad
and Corporation
Securities
iirmbrra ycu' l'jrt ar.d
I'kLiiCclphia S'ec'i I'r-htijf3
market rallied en buying enceurngui
I bv the strength in wheat.
1 Oats opened i higher. .ith ommr---den
house buying encouraged by the
' strength In wheat.
! COTTON MARKET
' New Yerk. Dec. 27. A linn tone
'was displayed in cotton at the open
ing today and first prices advanced l.J
' te 20 points 0:1 accumuiatcu vuy nig
erdetb ever the holidays. Offerings were
scattered but meHtly from Wall Street.
Wire houses and New Orleans Jara
nev;, blvcrpoel ami Continental lnt"r-
,..,. Ivmslif nnrl. f.n did SDOt llOUSeS.
t Tift VWR.., ...., " ...-- -.
OOUl Olglll UOlli-"4 mi'' i".
rminus :i;-fiu
(ltsn Or" .oer
. . I8:tii lS.r.i- is D7
.. ! ar. ih.se is ci
. . 1 t m 1 s ea
.. it. r, it ? ....
.. 10.72 10 "5 ....
J.iry.iry
March .
,.U" ....
1 July . .
October
3ssm wsssMismss.masibssissmsi',
We offer a Selected Hat of
Municipal, Railroad and
Corporation Bendt
We are prepared te purchase
teund issues of Corporation
Bends which have an
established record of
earnings
STROUD & CO.
J429 Walnut St., Philadelphia
43 Exchange Place, New Yerjf
Corrtrterdm:' Offca
24 Milk Street, Bosten
211 Colerado Bldg.,VVihingt'n
1'enn.tTlranU nilLreail i:juli. 6' 10.'S-103r.
Canmllun Nerthrrri Killu Kiuli. (I'm lu.:
Carthnie l AUlrcmlnrk Hy. t f mm
IInnuie U HuHiiurhiiium K. II. Ce. V lDfi:i
Wmililnrten Ontnll Iliilhw.j l.( H i;ih
t'nlteil Treetlen of Htl.turrh j1, iar
Seuttirrn Tructlun of I'ltUhurtli .-, i,i.-,n
I'lltuhurxh nnlln.i Ce. (.fnrril ft', ki.i.i
Syracuse T.Iulit 1'eiver Ce. .11 1.Vh 11-,1
I'nn Htiilwril ntiil (einniinj ; jrm
Indlann, fnlumhtia l'i'it-ni rr.iil.B in Ml
SAMUEL K. PHILLIPS & CO.
Mw"HiiTMVirRw.'Th"n,e
""CANADIAN PACIFIC
RAILWAY COMPANY
i,e Annuity
Nen-Callable Uends
at 78 and Interest
EDWARD LOVVBER STOKES
20 Seuth 15lh St., Philcdclphia
locust 0315 liace. i'J.'.'S
3 NEW YORK COFFEE MARKET (
' New Yerk. D". 27. In response,
S te the ltctter cables from Ilraiil ever
tlie holidays, tr.e local cetree iuturs
market opened steady today, unchanged
te :i points higher. There was dc- ,
'ivereil en contract 1C.2."0 bags. Com Cem Com
nisslen Iieuts were the principal buy- I
er nn the call. i
After the cull price changes were un- I
important. It war eiflirated tbut th ,
iremlnent bull opexaters have taken i
practically arjO.tl") bagi et' coffee during
il.e month, fairly we'd rlcaning up nil'
l"liv-ruble eftee and this has strength.
e:.ed tie spot pcitlui. Jobbing heus i
ri ijrt a quiet traue in the sp-t urtlde
but .-xpect imprexemvnt with the tun:
of the new ytnr, u it is known that
aicrler storks arc light.
I'rev c:c Cs-n
. r.T-b-- 'U.d
v .A' " H H0'$S. 1.6.1.
L- s.iseu s rjej;rj
V .. SSatJfti') i.irrv.-
FOREIGN EXCHANGE
New Voik, Dec 27. The r.etdin
market being closed today, foreign ei ei
cltiuue tpiotntlens here this morning ,
were largely nominal. Sterling was up
lj c"nt, as compared with Isuturday't
liiiiil llp'ire-.. '
'I lie absence ,t' nny Information from
r . Ii.nden mnrktt narrowed i-peia'iens I
i 'ii" lee.il market, ar.d aside from a '
iiiinleratf buiilne'- !n -terliiig. open
"",, during tii" inern'rig vre nlmest
. n'lrMv nemi-a". Sherrlv before mid
."m quetutinns iere were as fullewi:
sier'.ing i-ahles 4.20 7-1(5. demand 4 20;
f'-aiic taUl-. s(l',i, i.eeln S. ().'':
Iti.lirinn fiihle-, 7 Tli. cllt-'h 7.7."): lire
ealiie t ."'i. cheeks 4. ."5 j : guilder
rahlesad.fi2. iec!ii.".l.e7 ; mark", ,.rli.
The Central European v.ichanges
wire quoted nemii.ully today i fellow- :
1....t..n -. Td.lci, rlil i ri r
iWllflulil.a.i. iiit.(,uu..
Statea
rtoe
3 tOO .
300
100
1000
200
A00
von
tee
2000
10
300
tee
000
-Oe
100
uoe
tee
'.'00
300
0000
VM
100
.100
'.'000
tee
000
7000
100
2100
00
ten
tee
tee
'.'00
200
.101
200
tee
1 MOD
100
100
100
ion
tee
100
400
200
1200
200
linen
20(1
201)
100
ten
210
2l!)
200
100
100
20
seu
tee
MOO
dOO
tee
ten
tee
100
tee
400
200
109
100
1000
1000
20l
200
100
100
tee
UiUO
1:100
200
100
100
5701)
1.101)
110)
I'll!
400
300
XS 600
30
100
100
11700
200
3000 )
loon
1200
200
1100
300
son
tee
100
tee
200
100
100
Line
150K
101)
'.'een
100
300
I (I I)
2100
17200
200
100
200
1200
100
:tue
.'"0
Dlv.
In I XtlRh
A Air Reduction 8Je
, . AJnx Ilubber 1?
.. Alaska Cleld Mines.. !i
.. Alaska Juneau O M.. 94
l All'ed Chem & Dye.. 67 y.
4 Allls-Chalmers 37J
. . Am Agrlc Clicm . . . .
. . Am Agrlc Clim jt .
. . Am Beet sugar
. . Am Can
7 Am Can pf
. . Am Chicle
.. Am Cotten Oil
. . Am Cotten Oil pf . .
. . Am Drug Syn
. . Am Hliln & Leather.
7 Am Ice
0 Am Ice pf
. . Am Intcmat Cerp . .
. . Am L'.nsecd
3 Am locomotive.
7 Aw Locomotive pf . .
. . Am Safety Razor . . .
. . Am Ship & Cem . . .
. . Am Smelt
7 Am Smelt pf
3 Am Si eel Foundries ,
. . Am sugar lief . . . . :
7 Am Sucar 1W vC. . .
. . Am Sumatra Teb . . ,
9 Am Tel & Tel
0 Am Tobacco pf new,
Am Tobneco II
20Ji
06
27 M
33Ji
04
12
23
48Ji
13
7P '
70 ft
4151
32 U
100
114
i
a
153;
87
3S
S'lV,
83
:m?
H3H
00
,117
, W
103 li
9 V,
0 Am Wuterwks 6 pf,
7 Am Woolen pf
7 Am Woolen
.. m Writing Paper pf Se'i
. m 2nc Lead & Smlt 12',;
. . Am SSlnc Lead & S pf 37
. . Anaconda Copper .... fiOJ
. Ann Arber pf '-'Ji
.. Assets lleal!catlen .. 1'
Asse Dry Oceiis 4S3J
0 Asse Urj' Qoeds 1st pf "S3
6 Atch Tep & s'anta I-'e. 2J-'i
3 Atch Tep SSP pf. . . 9.VJ
.. Atlanta Rlr & Atlantic tH
. Atlantic Trult 'i'i
.. Atl Gulf & W 1 S S.. 32
. . Atl Gulf S. W I S S pf22W
7 Baldwin Ixc3motle . 07?i
7 Baldwin Lecn pf .... 10
. . Baltimore & Ohie M',i
1 Balt'mere & Ohie pf. . 32Ji
.30 BamsJalc Clnes A... 10
.. Harnsdale Clatw B... 2
5 Hetlilehem Steel .... 56
.. Bri' nh Km Steel H
7 Brit Km Steel 1st pf . . SO6
0 Brit Km Steel 2i pf . . . 32
.. Brklyn Rapid Transit ?i
10 Bums Bres 121W
. . Butt" Copper ft Zinc. 3U
. Butte & Superior Cep. 21!i
. ButterlcU 32
. . Cadde Central O & It. 12Ji
. . C:ii Zinc & Lend .... 0
.. California Petroleum. 40
3 Calumet & Arizona... 30?
10 Canadian PaclSe . ... 119' i
. . Case J I "J
.. Centrnl Leather 307a
. . Central leather pf . . . C3
8 Central of X J lq0
.. Cerro-de-I'.aeo 3.1H
0 Chandler Meters .... 47 'i
1 Che ra peak.- A Ohie... 30
.. Chic & i: III wl is
.. Chic A K 111 pf i 34?i
.. Chicago & Gt West.. 6!i
. . Chi & Or West pf 18H
. . Chi Mil & St P pf . . . . 0Ji
3 Chi & Northwestern.. OS?;
7 Chi & Northwest pf. .100
.. Chi H I A Pac 33
7 Chi P. I & Pw "" pf. 84!
.. 'h'le Copper 104
.. Chlne Copper 28'
1 Cocu-Ce'.a 1W
6 Celiirn Gas & H.ec . . . UJi
.. Celum CJraphopheno... 3J
.. cel Qraphophen; rt- f
.. Cemput Tab ltec rts. . 335
. . Consolidated Cigar . . 20
7 Consolidated 5& .... ti-'i
.. Consolidated Textiles. 14 ?
0 Cern Products Rcf .. 07 'n
7 Cern Products P-"f pfllOi
.SO Cosden & 'e 37 ;i
4 Crucible Steel
.. Cuban Am Sugar 136
. . Cuban Ca:ie wugar . r,t
.. Culwin Cane S'urar pf. 13 !i
1 Daison Chemical . .. 344
; se Debtors Cens Mln Ltd 14'
9 D"laware & Hudsen. . 103Jj
Del Iicl: & Western.. 120Ji
Duluth Se H & At... 2H
. Duluth Se a i At pf. 35i
. . Kmersen-Brnntlng pf. 21
5 rjndloett-Johnson .... 7S'4
. LIrle t0"4
. Erle 1st pf l'''i
.. Krle 2d pf 10' 1
s Famous Players L . . 7S5-.
.. FisU nubber '-!
.. I-'reenert Texas l'i
.. Gasten Wms & Wig.
. . Gentral Asphalt
I Gtneral Meters
0 en Meters deb QK
. . Goedyenr nubb"r . . .
. . Gray Davis
7 Great Northern pf . .
.. Guantanamo Sugar .
. Gulf Moblle A. Ner pf
Gulf State Stetd
700 J.se Hablrsnuw 101 Cab'.e.
lene
1,01)
1700
1U0
ion
hea
moo
1700
400
eOO
400
300
100
50O
200
100
1000
100
tee
18600
coo
ne;3
10 5,i
72'4
30
12
75 5
3"
17
4.U,
l!n
r cer .
tj:,
77':.
Hssbjil & Bar
Htndce Mfg Ce
Housten oil . . .
a Itenw.taU'J Mlnluc . . 315M
ll,:i'. Motorcar .. HT
7 Illinois Central 97 ' ,
oe Inrllaheu a Itef 3
. . Inspiration Cen Cep. . 41
. Internat AgTlcul '
. . Int Agricul Cerp yf. . . 33Ji
. . Interb Cen Cerp 19-i
Interb Cen Cerp pf . . . 3Jj
3 Int Harvester n..-.v .. SO
e Int Mer Marine uf
.. Internet Motertruel:. . 37?i
7 Int Motertruck 1st pf . 72
.. internat.enal Nickel.. U7
. International Papr. .. 3V''4
0 Inter Taper of stpd.. 7i)n
.. Invincible Oil Cirp . l$'j
.. Inland Oil -34
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57i;
37 V,
814
63ii
27 'i
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72 - 1;
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52!, 5i
.ll's ' 3
23 . ij
Itleh
Jenes Bres Tea 384
4 Kansas City Se bf... 63J4
, Kansas & Qulf 7?;
Kclly-Sprlngftcia Tire. 43
. Kennccett Copper ... 37 V,
. Keystene T & It .... 17 JS
a KrmrA K S 17.1
0 3.80 Lehigh Valley fi7?i
100 is Idcett & Myers 1S0U
7 Lima I)cometlve ...IOI14
.. Leewo Ce 1354
1 Left Cnndy 0T;
12 Lorillard Tobaeeo ...lSlJ-i
7 Iieulsvllle & NashvlllelOS
4 Mackay Ces pf 57
7 Manhattan JOlev guar 35
70 Mnnhat Shirt 31J4
. . Market St Ilwy pr pf . 33
. . Martin Parry 19 51
12 Mexican Petroleum ..114IJ
2 Mleni! Cenner lilt
4300 l.se Mlddle States Cerp... 13JJ
3200 .. Mldvale Steal 2711
t00 i Minn Si P 4 H St Ite C7!A
. Me Kansas & Texas.. 15
. Me Kan & Tex w. I.. . Rj;
. Me Kan & Tex pf w. I. 'iSy,
. Missouri pacifie . ,
. Mo-Paclfle pf . . .
7 Mentana Power pf
. Montgomery Ward
. National Acme . .
Nat Knam & St.
0 National Lead . .
ie
100
900
709
3500
fiSOO
100
3400
300
BOO
XOO
300
509
509
100
200
100
3500
400
0800
43S0
800
600
400
20O
700
300
B0U
100
100
409
109
100
700
100
1500
310
1S0O
tee
120.1
100
1290
100
100
3110
100
200
2100
800
10O
4030
800
610,1
100
10O
300
200
100
230
1100
790
100
400
490
2600
tee
700
203 :
1600
600
200
100
290
109
100
900 I
100
290
100
390
2000
2300
2 O
1400
100
100
1700
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1200
30(1
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440
100
100
4300
101
5011
100
700
uoe
801
23 DO
11500
100
200
80.10
100
100
100
400
If 00
100
300
100
1200
400
300
100
500
2700
11)11
tee
22011
2011
3V00
200
200
300
100
I0()
son
100
230
500
100
209
600
200
1709
1011
300
101
10(1
200
40
1
105s
se a;
S34
Nat n H of Mex 2d pf 3
. . Nev Cen Cenner,
6XO Tex & Mex
..NT Air Brake
B Nttv Yerk Central . .
5 X Y Chi & fit L 2d pf ,
.. New Yerk N II & II.
4 N Y Shipbuilding..,
3 North At lerlcan ctfs.
3 N American nf oil's. .
7 Northern Pacific ....
,. Neva Sdt la S & C,
.. Okla Pred i Kef...,
8 Otis Hlevater ,
.. Otis Steel
.. Patlflc Devel Cerp..,
3 Pncltle fias & Ktec . ,
. . Pacific Mall
3 Pacific Oil
0 Tan-Amer Petrel . . ,
fl Pan-Amer B
3 Pennsylvania R R. . .
.. Pent) Seaboard Steel
.. Peeples Gr.i Chicago
.. Pere Mnrmiette ....,
. . Phllllps-Jenes
. . Phllllps-Jenes pf ...
.30 Phillip Pet
. . Pierce-Arrew Moter
. . Pierce -Arrew Met pf
.. Plorce OH
8 Pierce Oil pf
3 Pitta Ceat
.. Pitts & West Va...
. . Producers Refiners .
8 IMllman
. . Punta Alegre Sugar. .
2 Pure. Oil ... v
.41 Itand Mines
.. Ray Cen Copper
4 Reading
5 Reading 2d pf
. . Remington Typewriter
. . itepiogie Steel
014
"54
58 ?
73?;
60 54
125.
1834
44
394
79 yn
23! a
2;i
123
103;
si
co J 4
13
47-;
465a
33!4
10?;
64?4
2ea;
82
87
32J1
"
30
124b
731 i
61 K
23
31
108
27
37 J i
2014
15!
73
45
24i
20
Republic Iren & Steel. 51i;
. . i:epuu:ic Meters .... 7
10 Royal Dutch X T.... 31
1 St Jeseph Lead 12?;
. . St Louts Seuthwet pf 33
. . Santa Cecilia Sugar. . . l?i
. . Saxen Moter 2$
. . Sears-Reebucl: 59
. . Seneca Cep Cerp 24
. . Shattuck Arizona Cerp 83;
. . Sinclair Oil 22
. . Sloss-Sheff leld 38
. . Se Torte R co Kurar. . 30 M
e seutnern I'aclllc
. Southern Rail .
Southern Railway pf.
9'4
18H
44j
Standard Oil of Cal.. 94
0 Standard Oil of N J..182J4
7 Stand Oil of X J pf . . . 113;
i Stewart Warner Speed 24
.. Stromberg Carb 334
7 Studebalter . . .. 70;j
Submarine Beat Cerp. 4
. . Superior oil Cerp. ... ee;
.. Supoiler Stiel 20j
. Tenn Cep & Chem. . . let;.
,i Texas Ce 16(A
. Texas & Pacific 2K
I Texas 61 Pac C &. O. . 37 rj
.30 Tex Pac Gulf & Sul. . . 41j;
. Third Ave 14
6 Tobacco Products .... 63 4
. Trans-Cen Oil 11JJ
1 Transus S. Williams.. 30ti
.. Twin ClU- R T 311,4
H I'n Bag and Paper... 70
.. Union Oil 18Ji
10 t'nlen Pacific 135;
10 United Cigar Stews.. 150
8 United Kuilt 1221 1
.. United Rvy Invest.,
U United Rctult Stores..
..US Feed Products. . .
. V S Ind Alcohol
7 U S Ind Alcohol pf . . .
..US Realty & Imp...
..US Rubber
8 U S Rubber 1st pf . . .
. U S Wme;t & Ref
5 U K Steel
7 U S Steel p.
2 Uta.il Copper
. Vanadium Cerji
. . Va-Car Cnemlcal . . . .
. . Va-Car Chemical pf . .
. . Vivuuduu Inc
. . Wabash pf A
.30 Wells Farge JJvpivHs.
.. Western Maryland ...
. Weat'rn Pao.fle
l Westlngheuiu 1: &. M.
. . Wheeling & L K....
4 White Moter
...Whlte Oil corp
8'i
33K
1U.
3i;
no 1 4
no !4
oe?;
30
83?4
UlJi
'!
:iij
.'S
s
6" .
20';
OS!
1 8j;
16(4
3e;,i
64
37 n;
JU8
Wick Speuc St"el Ccrp 10
Wlllyn-0crland
. . Willys-Overland pf . ,
Wilten & Ce
8 Woolworth F W . .
4 Worthlngten Pump.
25 Wright A. re
2S.
. 2.SJ4
.131
. 44A
Lew
37 M
S56
714
435i
2ns;
17
173
37
10054
67
l:!4
0)4
1U'a
10s
37
:is
3t!4
33
19. '4
11314
27
13
26
675J
1
854
23 M
I4
45 Ji
9954
13 Vi
1054
35H
83 !4
:i
1554
354
38
7314
60'
12(
WW
4394
3954
7H
235
2;i
123
103;
!
661.'.
12 "
475;
fiii;
ie?i
33
1054
62 34
20?;
8'!
H5
32r;
13
30
12
4 Ji
02 5i
24j;
30H
107
27
37 Ji
20 Si
1M
721'.
43"
"Hi
23 !4
51
7
59J1
12 ;
33
i
2S
67 a
23 1 4
S!4
21W
38
393;
79
18 ?i
44j;
9
182
nn?;
24
35
78 Vi
4
264
10'j
46
26 54
27 !4
9J
14;
ujs;
in-4
30 'i
31.;
70
W
124 '4
130
123
Sl3
52'
ni
39
de 1 ;
60
51
094
311 -M"x
114 1;
3U
31e
'.'
6
0!j
20! 4
s
85S
IB',
30;B
e;
37 Im
107
1?4
3'i
2S
2s;
131
H.'i
v'
1 - "' "" - 1 , , H
' ., , 1 " --n ;,
spuri in umn 1 r j.-
I flPAl PF ATI IDF IHII1I ;
1:30 Nt
P. M. Che.
3S?44- 114
5SJ4- H
754 4 55
42J4 !
27H 4 K
17
173 - 1
5754 4 14
160J4 - 3W
101544 0)4
151)4-
108 5-
37 -
3J -
3114 4-
35 -
1914 4-11354-3754
4
1 -
8T
2534
1754-
45Ji
9954-
13-
1054-
354-
S354 4-
3 t
1354 4
!4
W
t!4
1
t4
W
!4
54
!4
!4
54
'
!4
W
Continued Offering of Pennsy
Believed te Be Fer Estab
lishing Lesses
Trading in the local market retained
a holiday coloring. With the, excep
tion of Cramps with nn 8-pelut nd nd
vance te 45, prlce movement was nar
row and altogether meaningless. About
the only ether feature of the. trading
was the continued liberal offerings of
Pennsylvania Itailread, most of which
wns taken nt 33, nnd n geed por
tion of which had all ear-marks of
establishing losses. At least this was
the opinion of several brokers who had
been making n close study of the deal
ings the lust few days.
The movement lu Cramps disclosed a
very scant supply of stock. Wftiie the
stock watt selling nt 3U earlier in the
day attention was called te the financial
position of the company, and It wnu
pointed out tnnt net only wns the com
36(4- l!4(Pny in a strong cush position, hut
KSH-r 154 i quick assets wcre equal te up amount
ever 11) m excess of the current market
quotation. It was also pointed, out
action of the DisHrmanjcnt Conference
would haver llttie ellect en the com
pany's business, ns only a small per
ten tii if u of the operations were cuuuueu
te Government work. Furthermore,
any lesl in this connection would be
mere than mt.de up in tha engine und
refrigerating building.
Most of the transactions in the 're
mainder of the local stocks was made
up of small odd lets. Americun Stores
nnd Electric Htorage Uattery were
fractionally higher. U. U. J. dipped
under 40, l,ut the preferred wus well
sustained at 0J. ISeth the Philadelphia
Electric bharcs wcre alie fractionally
lower, but Philadelphia Rapid "l'rauuit
udvauccd te 17.
73544- M
6054- 154
H54
WW ..
44 m
3954-?- 54
78 a; t;
38544- 51
2Ji- !
123 - 3
ie 54
35.1- 5i
6054 -i- 54
12 - H
477i -J 94
53 -5
MH-r H
33 -
10 14- 14
84 4- 2Ki
29?; j- i;
h2 -i- 3
87 i t
32;i 4-
13fc
30
1254
73 f
02 i
25 309; 4-
10754
27
37 54 4-
2054
1414
73 :
43 -
24H .
28 :
51
Philadelphia Stocks
- 1
1:13 Net
I. -M. clli-if.
Si - - '-J
KUh Lew
III Am fifnrnt s7 T
lOtAm IjoeoMiVi 1011! 101Vi4-t
Am TAiT.llH'i ll.'ivt IUIVaJ. li
f Anaconda. C0';8 G0'is 00r"s
i.;juvisti' rii tiMij iu1-- j
'e
10
HO
400
4 s
M :
124
33 4
15,
25 -
5SH-
23l4- 1 4
8?;-:- '4
2194 - "
se?;-'i;
79
1894 ..
114- !4
93j;
j
113?;-
24
"t3 J-
78 54 4
4
0M--
20 !4 r
1094 a-
46)4 4
2J4
375-4
l54-
635;-
11W
:ie".-
ni!4
70 '
ls5a-
J8.Hi-r
150
12
"in;-:-
52H-
.ID-4 ;
sei;-:
60544
'-:
::u
S35 '
1141;
61 '
3t.;-
2S
6S '
'j
20! 4 '
11 -'
' :
17'i
50a '
'
10 Ji -16
3H
28 1
2t!i
133 -
44Vj
tf.L. 'it,A. L.
Chile Cen ltiV !'. I(H..-i-
irtMicc Mter.l-- lL'l'jl--' 4-
1, 1 .'iimucu .mm, ivj auj iu-,3
li; ; -ITZIOUB 11 UU VO-i 70',V
1; I L'OTlnvlnc Oil W-'b M(-8
S00 In Ce N A3 Mi 1Vj
!i lOOtlnspir Cep 40:)i, 40:'3
76t.tenes Tea 3H 3S
' 157 Lch Xav.. 0SH 07V
!4 SOl.ch Vel... 57's 57i
!4 1 1051 1'enna It It 33Vi a3B 'Wa
ivji-ii acana
Htcel ... 10 10-i 10Rs
17 Phlla Ce
70 1 Ti
12..
ie?st ;
07 Vj..
C7 ifj
10
COMTIHCHW-EqUllWU
tine A TRUST CO.
lUll MtT. I (J
Vnr5miH0jTjHJf
If Your Bank
Is te Help Yeu
Yen must help your bank. And
there is nothing you can de of
mere help te your bank than te
keep your balance always above a
certain "safety-line."
Set tlie amount yourself. Keep
that much money te your credit
at all times. It will be a reserve
fund that will give you financial
strength and confidence. It will
help your bank te help you.
CeiSmKENTALEQIHTABLE
Title and Trust m4any
Twelfth above Chestnut
Philadelphia
Cvgttti
HflOOflW
Dtpemita Over
Svrplut
UfiOOm
4 '
cum pf.. 30
157 Phlla Elec. U4
183 de pref... a7J,i
05 Philu It T 17 'J,
lOfSt h Sc
Swn pf.. 32 'H
lOfStudebakr 7ti
045 U G 1 40
200 de pref.. 51
lOtU 8 Steel. 83ai
100 V Jer & H 27
425 Win Cramp
& Sens.. 45 30
35Hi SO . .
23bh 2;i3i- yH
27 H7 i
17i; 17MH- "s
ll'2Vs 32i&-f
7S& 78..
.!0:i 30 "s
51 51 . .
Ki 83 1;
27 27 . .
45 -8
tXt clmnce m.ide tj co.-nparireri with Ust
ale en .Saw Teil: Stock Uxcliunse.
I rillKVUIlU'HIA 110NUS
. 21000 Liberty 3Gs '47 111.40
1 2000 Liberty 4th 4's '3S 10.5C
2000 Victory 4s '23 100.00
l 500 Amcr Gas & Klce 5s S2 I
I 1000 Pennsylvania 0'.s 103
' lbOOO Phlla Electric l! lets 100i 1
37000 Reading-Jersey Cent 4s. . fi2'2 '
1000 Spanish -Amcvicnn (is 100
l! ARREST MRS. C. W, FRENCH
-10
'4
LIVESTOCK QUOTATlOhJS l . 1
.-etin. SOO hj.ii Way. p,
vrifri '': SVt-h: "t !ii!i , Ihf a-.-mitr. nrl f ut t'i tv tnty aol!e in-
SltSI, J7.TA'8'S..
4 4T 1 . Ue'i 11-
...lr! , l.-.ft llfai lliriir:. ..' ,m ,
llui.) Jlcif. '5f0 il" llfavi'S.
IS ".e r.t'. urllla, a.u ver.irrn una plus.
,Dsi1i:r-l"AN-D I,AMnS-wrsli 0CO heatf.
BUai. lu rt'W. IB. teu luraLi. 512.
i:atti.i: n-
(Jimlrlal ataul. K'w.-'il O.SO Itr nt en
Matur.lu'-. te 70.01. hl. Its twrntv r.ill r.ill
re.iui j.ii .tn.-eil 0.JT prr cent, te 73. 7.
t'l. ur.Tiua rne'-T'nt- of the LrMrh rT.l
unci N'.ivleat'un Cewpiny nl.l be lifld Teb
ruari' '.'fc. II iV close for Dili mrct'r.s t
-.rm fin ur n,nn temw!r ..'.
LOCAL MINING STOCKS
ie.wi'aii ai)i:s
mi
Cthi, Uty i.'
Jim JJutlr lit)
Mh.'KamurA U
Cnaient 0d
MUwiiy 07
,I......V. 1 ... - -
.. i'.'i. i..i. ......... ,yi
HENDERSON &
Members New Yerk avd
PhxladdphiQ. Stock Exchangss
1410 Chestnut St.
1 t . - lli.rY.in Tl( 11 .
- - .--'---T.- .. V... .I Ut,.rH Kri n t
I'z.., I,.-S'i vul. an, l.-pl; Jil(,'ii-Sinvtiiii. '-J.ie nic u: IT r.DffM vi: rn iea.l
.MU..: i;--Wv. IH: Austiim.. .04' i: S i.ia iiay i; i.iic-.p. it i. h.:.e MONEY-LENDING RATES
IlMiBenu. . .10 1 IMllM'i, .. , I 1 -!1- lWi-suPV,; &' I '&'&?" MIW VOUKMen,.- en c!.. both clun
i i- i. UW: Serliliin. l. f,7,1r'rH '.'. u i! rnlvci r- f.t.tt. is Su (t.ve of r-lkttrul. wwy t.,jy at 0 pr cei.t for
V Y.il. f'.u.N In Mimtiei.1 t.MBV L. r.;..i V?aA??i8(lL d .' , ea l' ''""""" '---
nor.' rfsKud 10 n new low lit (, O-ll, p.,,;- ;Sj fignr. IIi,. ''. irlvJ. U ilwi:Ll'llI ChII. BV,.fl per crrii
r, prit iiri'inium. A ii"V IiIk'i re.'enl 6ll .,-,. j0-l."3, $t asse.lni. lulu ',rl;J''1 , tun. C O'f ir cut. eirmtrclal paper
'v,H .-.uiblHI.e.1 tnr thll- in-m-mwit en fnr ;;.. inj.-V. rguld 60:tJ;y,. ; I (Lree te gx wenlh.. S; 4fl per cent.
Canetllan funds In New Yerk ui 0 e-1 . dVye heart. Act ve :pj iy UniM , .... -, -.m.c
tTiWl -'"'' 5'arunu'. 'u w ," ., VJ ., "n'" ei-cnnimisi
fl JU: C'"CS, -' U.!"I i;HA'-u H" . e j . . i :
QtJOl'jtTION-
Walter J. Schmidt
& Ce.
Investments
New Yerk . . Philadelphia
pr r ct-nr. uisceunc.
h.tck'jat s ki::a
Strlln rri.n' L're OulMeri
"2V!? ... . 4 !!'U T.MI 4 14 SU S4
"UL'vyH OI'IIMX'I QL'DTATl'Jl.S
feler.lni: l-'iar.:a I.lr. a jiM.irn
'..'I.- - (-' ' lu:i B0 6U
DIVIDENDS DECLARED
IMin'iMHli Itni. nu. Ware'-.a.ie. II. HV
ub'e Jinutiy lf
P,a J4f l.'K.lt 110 l - y.empny.
auartwly II.-' paM'-ir " ',"''. "
haul" rjl.vl'lfiitl ii i'jiiif jim..r. ...
t,k or ipteru jtia'j , ,.,
V'irk lluliy r.'umpany. qunrtr!y lu
n,' n prpferrei. r -fc-ln-i Jar.-Jry ul
RAILROAD EARNINGS
CANADIAN PACIl'tO l'.AIL'.VAV
-ler in.i
Nerlli htar .
H -cuj Uuiu .
Vur.epah Ki
Wai llr.il
Wit 'i.ir;ih
.in
V'l
l'i
.70
.ci)
iividi; hTui ica
A" eJ JJlMne
Aae i ue
liela.r
Ililehi'r lJtt:.r!iti
llr h Ilur
llrruifli DIvM" ...
D.'. Me Kxtvnslgn ,
DKMe Cen
I Ivltlt-ml
KM Ult.lit
lllkl'liitll
Hmrt'DjU-li, llv ('.a ,
0 vkH D'1'cmwr ;i,44ii,"i)n "Jl.'M-i.U'Jj
VHHTCRI, ?t.HYI.AM3
HMl 1 "I" "-" -IiiLMI
Har! t'.earli.is teOa:1, n mrareil n'lh cer-
pi.nr.n llf j il'i:' lit two m!
1821 lir.O 1019 IIbhIteu-Ii, 11
ITilla.. JO2.rn)0.O6O tl)0.TUi.TfiO fM.OJh.O.IO ' Hlli U.viiia
iii.n.n . nn.nne aoe r.j.noe.Tnl m.4S3.'j.ih i Ki.ex
1021 tIerJ.e '--. 370.70'J.OOO .;7.0.17.4L'I t.'L'O, lir.,158 I "l "I.VKH
S..- .. j.
Pi'fin ufle."
.Tct.l I.'. e.Tl
bui pl .a afttj-
lum.
Hll.l'TS
2'.7.Bi,ll
02 HIS
Meat Shipmenta Shev increase
1"?'ir. cmrnan, w ', - -.i wtf,i nu.pru;.i-
.n 5,i . of rurefl ar.'l f'n I:,
111 O 7,410 DCO pound,
m. lull pre,fcu, .A.jgSi. and
! I.
ieits from Chicago lvere
aiA'iml ilu.IOu.l'W) tl.A
3.B5S.O0U u ytfr au.
fj.lil
He en. a
Sl!v.T Kl.i
t'mitr'r.r :
Ti,i,un..ll li, '.Q 3 ,
To.-.epah Hanbrij'j
Vloler.' Ilh-ldu . . .
erile u :i
Bale Kends for investment
J4AL5EY. STUART
fix. CO. Inc.
talid Till IIIJS. l'lien. l.ecuit 4S20
-a. r.,iu
urU Jim
mura u'enil .'ll mi i. v
.miIiIm lV.runr ! tu H'll: nf r
i,..,v it In ri.ldltlen e nuurteriy rn;
AK.f.I iViiml t.'l !) r,ieratliii.. iin
ur'v I' ' nr.innn. le.i 1 lgtnih.y 1 t
ai.M-'i nf ri-reru Januar i;
i i.ii-am, 1'ieu'natlc TejI ic . Illrtr 1-
ii..Wi J inu.i:i Mi te itec: of rt j"i Jai-' Kl p.T
Lur 14. '1J rm i
NNrtliTiHX I "..!?. ! Ifi.fcl'.nsBlim,,, sUbl.e-iO the rr.vleu. ntV. and "
v, .n.jr. l-:6r.i ii.snn.4iM rnH.iiiMi R.aST.COO a Jcur age. Cfcrmcil meal dhlp. Gul.iil
"e'r'x.e eT"r?'l-.c"r V. n hSM9 .i,70i I JJUu. ..rd 2400 V uar e. IWi.
' ": :?..:SHe? '"te Charters Filed i. .Slfefa uid iii
.,c rn,.- li .ti. . Bll.Std l..inaSH buihurlclni; It te own mil nnerute nil refimr-, A''i , Li, "n
,,, jr'.'.'t'Cl.i TlAIMliiAD !l neil trp.ilmy UlanlH. Tlie nrlllil of tl.e ,.:.?,.. I.!.1.'
' ...... ..... u. .. 1 W-ll,,lOf,rO t.l ti,.. l(,nr,,n,.,i.
, i,.( n i. - ir. ,. i ,. i i.- ,,,,,"' ,r .......
.01
.(:
.HI
.0.'
.'li
.111
.02
.u2
.0)
.11
.e:
.fl'l
.01
.11.
.01
.1,1)
.02
.02
.111
.12
I1CLD STOCKS
l'I.N.'.4
r .... il2.Olt.7Hd Ml
..; 1. 1 .,u
r. i.7mi
ou re iiii'.ii'iL'.i
r.u
,A I
f'Sl '
'.or In j mle
i .urn
"I "' . " ."". ";r-M"'" Kwai.i.
1'iiriiiii-rK. . J. iiuimnmn ... ,.,,
Reserve Banks' Discount Rates
Official rullHseuiit ratea nt the twelve FeJ- j
t
r-:i-aia,
nu-
'iicwme,
fi4.7U.SPS
:!V,UJ5,0i;i
1 k'ih K '"Vl A. ti. Jerdai.. euluniuui. O. The node-';."'" '
v-'.7"'r"ii i"" KIe-tre-:ttallurilcal Ceninr, In'-.!iu?i if Mi.
'6,4(i07u!wlt!,ft "I:ltr-1 of J10-000.000, M. i.ls.0 thar- iy,;1 J11,1,1,",
00,
30, MO, 130
teruii
, Spearhead
.02
."1
.02
.ill
.01
,i l'i
.0.'
.01
V2
.l.ll'i
.01
.01
Bends for Investment
I'lcnlir t'l'un llequrnt
C"'P""1"1' Otlns 1" Ouer Till I if e
PhllaUflnlili Htl d'e-tni't M
Ap:inlle City IK.") lliirilalk
The National City Company
llo,ten
Ne v Verl: .
Tli. ude'ulUa
le'.l.ind . .
't. iimena
Vtan'.t
I ). v.age
HI I.eulu . .
IMtnneapelIa . .
ICanbta City .,
pallaa .......
Ban iTtncliCC
U'rea.
utri".
H.
1'i
I1.
Mb.
ben'ltf,
14.
I''
Coin' I ID.ru.
paper, ucce:
4J
Raw Sugar Market Easy '
Yuri.. Dec. 27 --The law augar :nar-
Prlces Improve en Paris Beursae . ,
r ) Arr.tiaru
I'urU. Dee. 27. I'rfcflfl lmpreed en I'm Arizona Uultul
iiuurnt iwunjf. ii.rpe irr ippi rcnira. n i
p.-
IVj
I'j
n
r.
8
4HI-.0."") iu '"l.i"1,'1, IV ''' ' "J3 ' ',!ir.irt !"' cantlmeii The dollar v. as quoted u' 12
;''j;, --ri is! 'fcy e"i.,B'Ll.,,BK-,"- ss, i''iine!-
r,
i.
r.
B
i ni , - me H",i jiur' ' .'. r- win
I i r 11 li' le ''ael,' !' i I' r l i'i i . r.e
lull v I ir, tuBi ur! j v. atsiiiilii Iiii
nrtu .. S l.l. hHUTi'i. il lUO. Ji t'OQ bKItt
. . , . 1 . . ,1.. Aris.lr . . Ui.i.nH Tla
eta jn-iKi '. ,1"" .. ". "Mi,.., "
'eriTt
British Traders Take Holiday
Imilen, Pu, 27. Tlin "teclt exchai.tfe re.
mulned clei'O te'Ul-. under a precinmatl
la
Crjedenla
Udcn
Ilmniu h'lhvr . .
i:ur-Uu CrueHue
r.urcl.u it,.,:. .
Hiclu
ifiihiT I -I'
S'euda Illl'a ,
.NCvltdH enuer
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i tviitt iininir .
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, Wife of Alleged Co-cenaplrator in
, $00,000,000 Swindle Caught
'1.1-.. . l- fW !, A II .
i lllll'K iJfK, -I. Uj il. I .)
",Mrs. CherlcH "V. French, vrife of the
,, ulloged co-conspirator of .Tehn W. Wor
wt thingten. in the swindles for which thrj '
s, niv under indictment ami which iir !
H (aid te total SM.OOO.OOO, linn been,
'aiTPMA'd in Hnn T.iiose, Calif.
"i Iit. French ii allotted te have tr- ,
J4 reiveil certiiili jiuiiers nnd FtnekH in Snn
'i ' IieKe, which were Involved in her hus-
's ImiuVs trnnsactlnn:. The ilhvct chnrjje
! i)Kaint Mm. French wast urIjij the mails I
. te defrnud nnd Hhc was held in defuult '
' ' of $10,000 bends,
'i ! French is tilleced te have operated a I
Dwindled by the AVorthliiKten-French
combination wiih 7.. V. I)ult, n Cleve- '
land banker. lie fuld he- n inlctMl '
of !f'u3l',000 tlireuRh bogus notes. j '
HAITI REPORT ASSAILED f;
Independence Society Denounces
1 Findings as Dlcgrace te U. S. '
I N'en Yerk, Dec. 117.- A statement is-
feii"d Jeitenlny by the lve'-utlve Com Cem
'miitee of the lluiti-Simte Dominge In
1 dnipiuler.ee KepIpij, of which Moerileld
Stewy in chiiirmnii, chnracterlxiil nn ti
I ilIfRi-nce te Ihe United Stalen the pre.
I linilnnry report of the nennterinl com-
mUIen appointed te inveHtlcatc com
, tlen'i in Ilaitl und Hante Dominge.
j "UmiciI imincdinte1.)' 1'ollewlnff con cen
j feronee with Stcrctnrj' HurIicf, it jtmtl.
j lies and maket u part of American pub-
He pellcj the mcrthmw by force of
niwii of Mimll und weak people," sold
the Htatement. ' It inderi'es th policy
followed In Haiti of uilng violence te
Impose tipen a free people a tteaty which
1 It would never have accepted of its eun
frcfl will, '
t "The United State should withdraw
tlie mnrlnee from Ilnltl and retete
jllnitiftn Independent at onee."
27 NEW CITIZENS
I One of the Number Receiving Final1
Papers la a Weman
; IteadliiR, I'u., De. 27. Sixteen uen
failed te answer at the ilnal Natural-
Illation Court of the year, out of forty- I
nine iiaiiie.f callel befere .Tudge Fnillich '
' esterilu,t . Twenty-Hi), men and one
I woman ueie grunted hnal puperh. The
latter was a German, Hlrftfr Mary Vul-
j erie, a Catholic nun In n Hyde Vark
convent. Ten of the men were Italian,
eight AuptrlanH, four UtiHsluiiH. tuei
(lerniuns, one a (JreeU and one a ('aim- i
i dlan. Three nppllrantH went through i
without examination, having hericd in '
the wur.
Tlie tatul number naturalized hprc
thlh year wan about 1100, which rcjirt
wilts about 70 per tent of the number
i of applicants.
After One of Your Debtors
Has Failed ?
THEN it is that you wish you had
been protected by "Londen" Credit
Insurance.
But there is no use in regrets neu', for
things that have gene by. There's mere
te come in losses as well as profits
provided you are still in business and
extending credits.
Whether you have had lescs or ret,
"Londen" Credit Insurance is your best pro
tection, your abjelute protection against excess
losses you truy sustain. With a "Londen"
policy you always knew exactly where you
itand, and that any excess less under your
policy will be paid within forty-five days.
Better ask new before some debtor fails
there's no obligation.
eun SUPER-SEnVICE
Lesses Paid In
Arnericim Currency
AT YOUR.
SERVICE
Established ,
F.iplitecn Sixtninc
LONDON GUARANTEE AMD
ACCIDENT COMPANY LTD.
v a ipinwn ?nrt.i 4-t UttAH in4iirarr! neDjrtmrr.t ?
Stoke, Packard, Haushten & Smith, Manners-All ether catualty lints.
Verrtere-Miln 4150
UellPhone-Lembard'dW VA 'walnut St.
W
1
$250,000
'TM&
Commonwealth of Pennsylvania
4 15-30 Year Highway Bends
Due December 1, 1951
This issue of Read Bends is practically the only funded
indebtedness of the State, and no additional bends may be
issued c::cept by Constitutional Amendment, which counsel
advises would take at leaBt four years te cnapt.
Price 107.23 and interest te yield 4.10
te optional date, 4.75 thereafter
Harrison, Smith & Ce.
INVESTMENT SECURITIES
121 SOUTH 5TH STREET
PHILADELPHIA
LOMBARD 0100
Tte
FIV.Nn,l.
nitldrliiikj
man.wU.Vk nvtievw.
Prcerubt-r
Tr.e liearu (' uirrc or" I
pliillL
l'liat the progress which e
havt' made in the past years
shall net constitute our goal,
l'liat, while our efforts
terve lmve wen us large w
crcitact in juttre mge. we
t,ha'l net rein.; and Hint, .
'n the past, our l'"?1"
nluuytj shnll be cemhictea
with the Ki-eatest regit id w
(he pcriieiinl equation.
North Philadelphia Trust Ce.
Bread St. and Germantown Ave
Above Erie Ave Phlladelplilft
ham;
TU. 1L'.
til H tll .
Mill li
,WI uf
n...i...
0. ..... .....II iul.1.1. n... .,.. ...:..." ."".
Of 11 lltiAt, Ul.,11 .....v. u.iu me irUllKICr UOOitU
will remain ele& ChrrKa wll ltl muita
bveemm j uennis.
t'aj' ,er.
iNareil r. n-tiil-minuul illvulcua vf 7-;,
pxtra rihlil"nil of 'i"f en thu i-utiltui nu
the cemtiany, rayulile en in.il utter ,)e
HON I) TKADEU
WANTKII ll
Mew Yerk Stock Exchange
Heiibe
BTATIl Ti:i(MH AM, tlUAI.irit'ATIONM
0 3i. i.iaieKit ewti;
i
AUTOMOBlU
INSURANCE
unKnxv mutual
I'liQiiei Locust CD1U
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