nay&
ht
MU
7- SS9NS MARKET !
I IS COLORLESS
Ik - : ... .
PThree Factors Responsible for
v Depressing Influences of
the Week
M
!f
New Yerk. Jnn. 7. The week dosed
With n rolerlcM stock market today
irlth the bulk of the operations In the
two-hour scsMen practically confined
te the evening up of the professional
traders. In Reme of the Industrial
specialties In which the short Interest
ls believed te hnve been greatly ex
tended substantial rallies were reg
istered. There was 0110 conspicuously
weak feature In Chicago nnd North
western which touched the lowest quo
tation for recent years. The main body
of Htecks drifted sluggishly within a
narrow trading area, ultheugh there
was hnrdenitig of price in the Inter
buying. The only substantial net gains,
however, were scored by the specialties.
Tlie week's market was under the In
fluence of three distinct depressing fac
tors. One, the overdue revision of the
technical position as the week's move
ment plnlnl) disclosed mi unmistakable
(
'
top-heavy speculative) long position.
The ether, the recognition there were
still quite n few sere spots te be
healed. The third and Inst, the undis
guised disappointment in the failure te
continue the forward swing which ap
parently had struck a g oil puce in the
closing weeks of ll21. As result of
the week's hitch In the constructive pro
gram the immediate outlook of the mar
ket situation Is mere or less clouded.
This in typified quite forcibly in the in
creasing divergence of speculative senti
ment. It is yet altogether tee early te
determine whether It i simplj a tem
porary halt or whether the bull cam
paign lias been finished. The real test
of the market's inlierrnt ntrength Is
still te come w hen the position of the
peels und ether speculative cliques re
cently prominent In the exploitation of
the vnrleus industrial pecinltles 1 de
termined. 1'nless surface signs are mis
leading there has net us jet been any
wide distribution, n maneuver precluded
by the unrespeuslvcne-s of the se-called
public. There lire reasons for supposing
these speculative combinations still
have the stocks, and while they ure for
tified bj much easier money market
conditions. It is an open question
whether they can maintain an unbroken
front until nil outside intere-t is at
tracted. Unferseen deve'epments which have
crept Inte the market situation In the
Chicago banking episode und the re
cent failure of one of the big wire houses
and further nasslng of dividends Intro
duced an element which is difficult ef1
interpretation. What was disclosed in
the Chicago Incident sufficiently shows
the necessitj of preceediug with cnu-I
tien. The adjustments attending the I
settlement of this financial derelict has1
possibilities of complications which may.
cempletclj upset a considerable part ef1
the carefully prepared market program.
It applies Mmllurlj in the case of the
T1 ............ I... l.nn.I.n !... tu
M UJEIlcr Ml!..-u-.iiii. u nil".- u.rii; ij I
present rntiier conclusive evmence or
that unfortunate smiwli-up Involving
ether Interests and 'xissibly forcing nil-
dltlennl "iispensiens. I lie mere (lis-
turblng feature is in the widespread
ramifications of the operative field of ,
these concerns. Anether Influence con
tributing te promote caution Is the con
viction that a number of commercial
insolvencies is Inevitable. It Is quite
true iinancinl interests have resigned '
themselves te this unavoidable business !
mortality, und while It ninv nil have
been discounted by the pietracted li-
3uldating movement last jcar. still It Is
ifficult te excite bullish enthusiasm In !
the face of Imsints pevcitj nnd dismal
',r
earning stiitement.s.
Commodity Markets
GRAIN MARKET
Chicago. .Inn. 7.- Wheat started Nc
te 'Kic lower for May nnd V.c off for
1
i
t
t
tl
July, with a slew, featurele-s trade. ,
Iteceipts insiMvtcd vsterday were si
cars, let jiW twenty-four cars. The;
cash market is hrm. with n geMl de
mand nnd moderate offering. Ne e.x-
M
tci pert business uns reported jesterday.
Country offerings te arrive continued
rp light. Liverpool futures were stoutly te
I 'tl lower and sjxit steady te 'jd lower.
Cern started unchnnged te n shade
, easier. Trade was slew and featureless.
I Oats opened steady te a shade higher
With lack of selling pressure.
t'
COTTON MARKET
New Yerk. Jan ". The cotton mar
ket was a little steadier this morning
and opened '' te IS points higher en
Wall street bitjing and week -end
covering. Itellef was expressed ever
the announcement of the appointment
of a creditors' committee te supervise
the affairs of the goods expert house
of Child & Jeseph, and it was hoped
that with this out of the wnv and In
Tlew of favorable news from drj' goods
sections as te demand and prices, the
raw article might de better, llenewed
covering after the start resulted in n
further advance in prices of about Vi
points above Inst night s close.
'rvieus 11.00
ri,,s Opn A M
lh 3J l.4n is 47
H 17 lh 'J" I- 3 t
17 70 17 7B 17 "'1
17 10 17.23 17 31
lfl 10 1(1 1.1
January
March
May .
July
Oeteber
NEW YORK COFFEE MARKET i
New Verh. Jnn. 7. Interruption of
the UrnJill cnhle service lias accounted
for the few firm orders reaching this
market. Owing te the holiday in Hrnzil
the local trade was mere or less in the
dark as te conditions In the primary
markets.
Prev Clesa
March H.04
vir h I7ffi in
July 8 Mil no
Septemb-r . s ani l
December S.3!)
Open
8 fl.1 B3
l IS 11 .10
s luftm
:nif3s
b 311933 i
FOREIGN EXCHANGE
New Yerk. Jan. 1. The foreign ex-1
change market at the opening this ,
morning wns steady in tone. Sterling ,
was unchanged, francs down Vj. lire
unchnnged and mnrk-i up ''a.
At tti' end et Die nrsr Heur tne mnr- '
. . . . ........ ., I ,.-
lcet was uuiet. Quotations were vir-
tuellv unchanged from the opening, with
MH-'lng cubes at -4. '-II and .ieiii ,
4.10 ". franc nbles 8.0.1. checks S.Oll :
a
lire "ahles l.iC', checlis 4. .11 ; mark-.
,54. The Seuth American exchange"
were! Argentine .lit. Mil : rruguay 141;
Brazil l',:i ; Chile lfMi.
TR8TISniAY H K1NAI. gL'OTATIONS
Sterllni Kruncs I.tre tlullders
Demand -i 1 s.na 4.aaH an ns
,1'
fro
inty
(Cables 4 20 S 03 Vi 4 il.1 oil. (14
ftretl
e, TODAY H Ol'U.NINll CJUOTATIONS
k v Af ti
'J aterl'tm rranes l.lre Oullilers
? ii
n
mi
ind
4.1HW s.ea
4.aj
aii.iui
ftJCablea
i.'iO
H.0J
.zik :in.ii,i
V-
LIVESTOCK QUOTATIONS
TMIUbltmll. Jan 7 HOOS Heerlnta.
11100 head Jli.rket hlKher, heavies. J3.S0O
1 15: heavy yulcrs In HOW U. in, lluht ork erk
ra and tla. l 4"f0 "n
miKBP AM) I.AMHK - Iteceipts 7(10 head
Marktt ste.ul Tep sheep, 111.30, top
CAllVlW '- Iteceipts. 180 head .Market
steady. Tep, 113
Kast lliiffale. Jnn 7 CATTI.n Receipts.
200 head. Unchanged. C'a vrs, receipts.
100 head Fifty cuts eer. fati a
HOaS Keci'lnts, 'J400 he.id Twenty-five
rents te f.Oc hlKher ". T H..n"' m xe;l
t08t.in, workers, tu.iinOO 78 1IM yurlt
r and pIm. I 78 if 10. roughs. fl ifHn.B0,
w.
ulaki.
S4eiie,mi,
alllXI Nr) LAMPS rterelpt
lnue
ISO
It. '
jaa
n-nerallv 8ne higher.
Lambs,
HI
tll(. mtJU-BP.
EVENING
NEW YORK STOCK EXCHANGE TRANSACTIONS
Dlv,
In S High
. . Alaska Junca O M..
.. AJnx Itubber H
4 Allied Chem & Dye .. 0li
7 Allied Chem A Dye pflMW
4 Allls. Chalmers 3s. H
. . Am Agrle 'Chem 31H
4 Am Bank Nete 6814
.. Am ncet Sugar 30 ys
fl Am Beet Sugar pf...02
.. Am Besch Magneto.. 3U
.. Am Can 33)4
7 Am Can pf 4
12 Am Car fc Fcly 142J4
7 Am Cnr & Fdy pt HW
.. Am Cotten Oil 2H
.. Am Cotten Oil pf iiy,
.. Am Drug Syn 4
7 Am ice SO
6 Am Ice pf 74
. . Am Intcrnat Cerp.... StH
.. Am Linseed 30J4
7 Am Lnseed pf 47
0 Am Locomotive 103J4
4 Am Ttadlater 80
. . Am Safety llazer. . . . .
.. Am Ship & Cem eH
.. Am Smelt
3 Am Steel Foundries.. 32
7 Am Steel Fdys pf.... H
. . Am Sugar Hef SO
7 Am Sugar Hef pf.... 87
.. Am Sumntra 33V4
0 Am TH &Tel U&
Tedsy's Net
Clem" Chite,
Piles
tee
me
309
tee
me
toeo
200
200
100
100
400
100
tee
100
530
tee
400
me
5)0
flOO
400
tee
100
100
100
1800
400
200
300
2400
200
Ji,100
2200
40
.100
100
100
1200
200
100
400
100
00
22U0
.100
300
100
700
100
100
100
4200
400
200
200
200
400
.100
400
.100
700
2000
1200
700
100
200
100
1000
7800
200
1O00
ion
1200
400
300
oeo
2900
1S0O
100
200
1C0O
200
2f0
2700
Lew
10 H
55 W
10254
H
17
5054-1
10154 4-
384 4.
3M4 l-
4S54i-
3SVJ
31
4854
34
02
3554
33
04
1425;
113?4
20
4154
H
70
73
39 H
20 k
37
10454
80
54
65
13 H
32
en
58
8754
345
114j;
43
79
1
12c 54
48 H
30
44
0254
v
3054
BK
3!i
404
42
30
454
1
0
11014
31
Vz
2154
30
00
45
4H
"
11
4t54
5454
3054
04.
1554
"Ji
30H
60
101
3154
84
14 54
74
BSJ4
42
C54
254
10
47
23H
CO
14
S3
33
CI
82
8?4
10 ?4
30 H
114
20
3
77
101)j
Oh
14
94
70
9-HS
79 J4
11?
36 Jj
36 54 l
622
3554
33
04
20)4 -l-
4114
H
80
74
39 -29
W
57 105
80
454-
654
44
32
90
6SJ4
8754-
3454
11354
t
5 Am Tel & Cable 34
7 Am Woolen 'H
a Am xvatenvks 60 pf. 19
12 Am Tobacco B 128 ft
.. Anaconda Copper .... 46
. Ann Arber pf 30
4 Asse Pry Goods 44
0 Atch Tep & Santa Fe. 02H
. . Atlanta IJIr & Atlantic J's
.. Atl Gulf SWISS,, 30J4
7 Baldwin Locomotive . 8!4
.. Bait mere Ohie 34 ,
4 Baltimore & Ohie pf . . 43
3 Bethlehem Steel . ... 42
8 Bethlehem Steel B .. fiO'4
.. Beeth Fisheries &A
. . Drltlyn Rapid Transit. 7 Si
. Brklyn II T ctfs of dep 0
10 Burns Bres U8K
.. Burns Bres B (wl) .. 31
.. Butte Copper & Zlne. 4$
.. Butte & Superior Cep 2154
.. Butterlek 30
0 California Packing ... COtf
. . California Petroleum . 45
.. Cal Zinc & Lead K
10 Canadian Pacific . ...HOps
.. Carsen Hill Mining... 1214
0 Chandler Moter .... 40
43 ,
70
19 4-
126 54 4-
49 4-
je 4-
44 4-
9254 4-
r,
30 J4 I
04 4-34H-
42H4-
42 -
50 -414
-
75
r, ne4-
31 -
354
2154 1-
.10
69 -
45 "r
54-
llOJi-r
ll4-
30 -
4154-
3054
4 Chesapeake & Ohie... 6
Centrni Leather 30JJ.
. . Centrnl Leather pf...
. . Chi & Or West pf 14 Ji
. . Chi Mil & SI P 1
. . Chi Mil & St I pf 3U4
C Chi & Northwestern.. 01 1$
7 Ch & Northwest pf ..10154
. . Chi B I & Tac 31 H
7 Chi U I & Tac 7 pf. 84
. Chile Copper 15! j
B C!ev Cln Chi & St L pf 74 Ji
3 Colerado & Southern. . 3Si
4 Coca-Cela 1i
6 Coluni Gas & Elee... C7
. . Coluni Graphophene . 2H
. . Cel Graphophene pf . 10
4 C'emput Tab Records. 47J4
. Consolidated C gar 20
7 Consolidated Cigar pf 2
. Consolidated Textiles. 14
C4
1454
17Je-r
30?4-
C0J4-
101 -
31 H 4-
84
1554
7454 4
asy, 42 4
67 254
10
3714 4
20 4
62 4-
14
9354 4-
33 4-
044t
82 -
8, -
17(4 4
41 14
111(4-
2014
3K4-
77 4-
10355 T
0H-
14 -
9M-
"54 4-
9354
7054 4-
12 -
58 4
92 5J4-
137 5.-
9 4
83 -80K
-1354
4-71J-f
894
16 4354-"5-4
4
72 "54 x
3SH4-
54 4-
4 -
8IH-1-1U3?4
-14?i
t,5H-715-4
4-11J4-30544.
14 54
2 54
11
4054
37
22)4
Cern Producte Kef. .
93J4
33
04 ?i
8355
0
1754
415
inn
20 ji
3
77
103 yt
OJs
in
01J
300 2. SO Cosden & Ce
1000
40)
7JH
2300
soe
510
1000
100
200
200
1000
ilia
110
3fl'IO
100
tee
300
01011
200
5V)
6200
100
100
500
300
400
100
100
noe
uoe
000
300
100
300
200
2110
200
1800
100
2000
700
3600
700
400
400
200
H 100
4 Crucible Steel
7 Cruc'.blc Steel pf . .
. . Cuban Cane Sugar...
.. Cuban Cnne Sugar pt,
4 Dav.sen Chemical . . .
0 Del Lack & Western. .
1 Deme Mines
.. Duluth Se S ct At pf.
0 Kntl cott-Jehnson
7 nndlcott-JJhnsen pf.
. . Eric
. . Krle 1st pf
.. Erie 2d pf
8 Famous rla-ers L
U5
8 Famous Players L pf. 05!
10 Fisher Bedy 705?
. . Flsk llubber 12
.. General Asphalt 55i
a General Asphalt pf... 02
8 General Electric 137 1
. . . General Meters
7 Gen Meters deb 7... 83
Goedrich It F pf "0)i
.. Gray Daws 13H
7 Great Northern pf.... 71Jt
.. Guantanamo Sugar .. 8
. . Gulf Mobile & Ner pf . 10
.. Gulf State Steel 1554
4 Haskell & Barker Car 77 54
. . Housten Oil 73
.. Hupp Motorcar "H
.. Insp ration Cen Cep., a11
.. Interb Cen Cerp.. .. 1 'i
. . Interb Cen Cerp pt. . . 4
0 Int Harvester new ... 81 5-5
7 Int Harv new pf 104J0
.. Int Mer Marine 14ft
0 Int Mer Marine pf . . . . 66 ft
7 Int Motertruck lbt pf. 715j
.. International Nickel 11 '
.. International Paper .. 50
...Invincible Oil Cerp... U'n
.. Island Oil 'H
. . Jewel Tea H
.. Jewel Tea pf 0J2
. . Jenea Bres Tea 37
. . Kansas City Southern 32?,
92
137 14
8;t
t:t
80J4
12'4
714
8H
10
455S
77
7154
10
3SJ4
Hi
3 J.
11b
1031,
HJ.
03 H
'Hi
M v4
30H
"li
'-5'4
1UH
39 54
37
223i
YEAR MAKES BAD
STARTJN WEST
Agricultural Conditions Unim-preved--Steel
Trade Uncer
tain Idle Cars Increase
Financial Briefs
Th average rrlce of the twenty active I
Industrial clocks advanced 0.2H pr cent
yesterday te 7S U0. while the twenty rail
ruads udvanced 0 09 per ctnt te "3.03.
One of the New Yerk financial writsrs
remarks that line the Kelly-Hprlnieflela epl epl
ned little Is heard from the ether tire peels.
Probably he meant "tired peels."
The time money market l)rek .1 per cent
for the first tlme since Octebfr. 101 1. leans
en mixed cnllateril for slitv and ninety
d.is twin consumed at 4. per cent All
IndUHtrlal was still S per cent ettered.
Wall Strfet brokers' leans show iittle
MMnslen n iv result gf th recent rise In
the no.-!: market Hanker, dmibt f the
In. r-a,- h.n t-n mr than lU0,0(in 00.)
ur II ',ii.( UOO from the low point of r00.
OOO.U'm In the mldd.e uf the summer of lb.l.
Chicago,
ness in the
Tta nrmef Newha.l arej. .DlBen;
nets etxiut January n
In the flrrt rlne months of lti2l the Le
hlKh Valley Hal rund earned net Incnmn.
afer ned charKes. of 13 312 M3. or 12 III)
a share en lt nutstandln stock or at the
annual rate of 3 S7 a share.
icnernlly,
ing toward
and as the
( harles Hatden. an official of the four
unlly improve
isneu smcKS.
nn
elldatud
Sin- v . Urnun
K II Ilelllns i Sens and
i), It.inkers
Trust cnmpem et nw ierK p(.r cent,
rhest bidders with u propesa. of f
iin Issue of Jl.oeo.ono state of Ppr leni.
were the hitch
liuiiiana serial .1 per cent bends mnturlni In some instances and geed in ethers.
serially from lO'.'S. which will b offered Agricultural conditions show i
durlnx tne next iwewi.
Th annual report of the lTarnsdall Cor
r 1'iji ill show net proms after irmnK cereals
7h2 70S Th.sn U aulvan-n t . f ,
. nnrntlnn Ter
rhames or
A?.,.13! Vl ll "iwk eutsia'nd'lnif. and com- alread large stocks, thereby tending te Mexico oil .
pares with net of is "i.ann. et 10 per cent i kt.,,p prjCes down. Milling inteiests 5?.V"I V-'cji i
,en Its eteck in th,. preceding year. ' report a better demnnd for Heur since North An "r Oil
The Chicago federal iteserve iwuk'b an
nual report for 1021 "hews net earnings.
.14 808.1111 dhldenils paid 183 7. fran
chise tax 111 17il oes. surplus '"!!'"'-
1178 .12.1 and total resources I7H3, 81)4,010
against lU81.Oll.43n a yeitr age
the first of
Dew Jenes & Ce ' bend Index number for
n.miwr nasi.il uiiun cie, i ,,..- ......
nrl
uiiun
vleld of 40 repr-s-niative core-.rp ii ,,um
made a hharp advance tefllH up 1 U7
points un the month HlKh-srade railroad
.sues made the greatest gain, 3 03 pelnta
fn'lewed hv public ut lilies. wHch enlned
104 nelnta sw-ond-graile' railroad bend, ad
Hncd 1.7U points, while Industrials ad
vanced 1.47. While the Index numtiei gain..!
" "e'nts during 10IM. It '"still 17 St
points under the high level reached In Jan
uary, 1H17. and 12 41 points under the flcure
at the end of January, 1011)
v. T Stnteshurv Daniel Wtllnrd. presi
ever, some
inc orders
In the
dent of .the lls'tlm.ire and Ohie . llrnn', ,H
llnhert W nererrsst. vice, presnirnia m ...,..- .'
grnnral counsel and ueorge r naaer. cnair- ii-iuin-in ..,1 uiwni Kci.i-iii ,ii.v, ... ;; Copper ..
mam of the beard of the Central Railroad Kteeks nre low as a rule. The number ,;?. ri! T ......
?.JJmny,,!w.r1lu,eSi 'f M fei.'ht cars .chewed an Increase 1 Mether l.odenc.t
t'.f s. j:r.K.Hry .."."".'.'i:.'. . c: ,ur. '
syivama .inn,",, '.',:... is fpr.,. ui'iHiriM irem ine uuioiiieoiiu i.-eiii.-i , vPw cerneua "., in jh
S?rlui"nmann.Knefhe"cem rie"' de net show nny material Improvement NiPi-.injr.. ........; ,,"'.4 PrCes Improve en Paris Bourse
PTTBlke- EBDl
. .
Dlv.
la I
Hnlcs
500
1900
000
1800
300
200
HlKh
Kansas & tlulf . ...... 7
Kelly Spring Tlr 3054
Kennccett Copper ,,,. 20
Keystene T & It .... 17
Krcsge S S 11154
Lew
64
454
25 ?4
10
11054
2714
58 H
12J4
n
30
10954
H
J4
54
54
M
37 H
3814
14
1800 3.6O Lehigh Vallej?
AUU
200
200
100
Leewe Ce 12J4
Left Candy 0
14
Loese-Wiles Biscuit . . 354
Louisville & Nashvtllel6954
100
100
800
100
300
13100
t Manhattan Kiev guar. 3554
. . Market 8t Rwy pr pt, 3554
.. Marlln Oil 25
.. Maxwell Class B 1114
8 May Dcpt Stores 104
12 Mexican Totreleum ..11154
3354
.1554
2314
114
104
1004
2054
1254
254
?4
114
74
234
104
4454
C4
134
1954
128
115
334
1454
73J4
33
62
1354
40
38
9054
7554
254
124
117
03
04
4654
3014
3154
'4
6154
11
31
32
se 54
30
134
104
62 54
2454
7754
14
03 jj
25J4
60
10554
32 54
354
05
1454
71 Ji
17
5154
49J4
124
20J4
33
14
254
3
494
62 54
0J4
194
-784
18
47
93
173
1134
77
36
804
3Ji
494
26 54
flJi
4.1
234
21(4
40
16 B
L2i
If, 4
CO 54
184
126
7154
25
122 54
314
9 54
17-4
52
82 H
IHJi
300
2 Miami Copper 2054
1V4
H
W
1
14
1
a
?500 1.20 Mddle States Cerp... 124
000
Mldvale Steel
2954
13300
2200
7400
800
.100
400
2000
I 100
200
200
200
100
100
300
100
tee
1700
1400
1200
100
2000
.100
tee
100
100
.100
2200
1000
UOO
2700
400
200
200
100
400
100
100
100
300
100
100
tee
101)
200
.. Me Kansna ft Texas..
.. Me Kan & Texas pf..
. . Me Knn & Tex (wl) . .
.. Me Knn & T (wl) pf.
. . Missouri Pnclfle
. . Mo-radfte pf
3 Mentnna Power
. . Montgomery Ward . . .
.. Mnlllns Bedy
2
774
25 Ji
17
. J4
. 6754
. 13H
. 19 54
.128
.115
. 33S(
. 1454
. 7354
H
14
54
n 1
7 National Blecult .
1
1H
5-j
7 National Biscuit pf..
6 Nat Knam & St . . . .
. . Nev Cen Copper.
B New Yerk Centrnl..,
5 New Yerk C & St L.
5 N Y Chi A St L 2d pf
.. New Yerk N It & H.
3 North American ctfs.
8 N American pf ctfs.
7 Norfolk & Western..
7 Northern Pacific . . .
.. Okla Pred & Rcf...
.. Orphrum Circuit ...
8 Otis Elevator
0 Otis Elevator pf
.. Otis Steel
3 Pacific Oil
6 Pnn-Amer Petrel . . .
0 I'an-Amcr B
2 Pennsylvania P. II...
. . Penn Seaboard SteI
3 Peeples Gas Chicago.
. . Peoria & Eastern . . .
3 Pere Marquette pf . .
3 Philadelphia Ce ....
. . Phllllps-Jencs pf . . .
.30 Phillips Pet
.. Plcrcc-Arrew Moter .
.. Plerce Oil
3 Pitts Ceal
Pitts & West Vn
7 Pitts & West Va pf.
1.80 Pend Creelc Ceal
.. Pressed Steel Car. . .
. . Producers neflners .
4 Pub Service of N J.
8 Pullman
. . Punta Alegre Sugar.
2 Pure Oil
8 Railway steel Spring
. . Itny Cen Copper
4 Reading
2 Rendlnsr 2d Df
. 53
. 2
. 13?4
. 'r,JV
. 3SIJ
. 9654
. 744
. 214
. iK
.117
. 93
. 9H
. 5?4
. 51
. 4314
. 3374
. OH
6154
. it
. 51
. 324
. 8654
. 30
. 1.14
. It
. 0254
. 2454
. 77 54
. 144
. 0354
. 2454
. en
.10554
. 33J4
. 30
. 93
. 1154
. "54
)
94
H
54
14
'l54
54 '
ti
h
54
U
1H
1
'
100
100
300
1100
1003
100
100
700
100
1C0
1500 1
200
300
100
100
330
100
400
1300
600
1300
00
510
tee
2700
600
tee
100
2J0
6100
500
100
200
200
8100
200
100
800
1800
233)
1700
200
6500
333
1100
200
100
4400
700
700
700
4510
100
600
800
200
200
100
47
14
54
.. Republic Iren & Steel. 5254
S.20 Rej-al Dutch N Y ... 40 5;
1 St Jeseph Lead 124
. . St Leu s San Frana. . 21
. . St Leuis Southwest pf 33
.. Santa Cecelia Sugar.. 14
. . Saxen Moter 294
. . Seaboard Air Line . . 3
.. Senbeard Air Line pf. 4?J
. Sears-Roebuck r.1
.. Seneca Cep Cerp 2154
. . Sinclair Oil 10H
0 Southern Pacific .... 79
. . Southern Rail 18
Southern Railway pf.. 47
4 Standnrd Oil of Cal.. 034
3 Standnrd Oil of N J.. 174
7 Stnnd Oil of N J pf.. 11314
8
254
!4 '
94
7 nteei rune pt
.. Strembcrg Carb
7 Studcbaker . . . ."
.. Submarine Beat Cerp.
.. Superior O 1 Cerp ...
. . Superior Steel
.. T-nn Cepj& Chem....
3 Texas Ce
.. .Texas & Pacific
1 Texas A Pnc C & O..
2.30 Texas G Sul
.. Third Ave
6 Tobacco Products . . .
. . Transcen Oil a
8 Union Bag & Paper. .
.. Cnlen Oil
It) Union Pacific
4 Union Pacific pf
.. United Allev Steel...
8 United Fruit
0 United Retail Stores..
..US Feed Products...
..US Ind Alcohol
..US Rubber
77 J
5t
54
54
H
Vz
54
54
3
h
1 '
l'i
' '
!4 '
t'a
5i
3654
814
3J4
44
2654
0J4
4354
244
24(4
40 y
n:4
6t
104
0954
ter,
12154
7154
23
122J4
2J4
954
3S(4
52 4
82
11414
flfcfs
1154
315,
. "
, 87
, 60
. 154
BUS Steel
7 U S Steel pf
2 Utah Copper
. . Utah Sec
. . Vanadium Cerp
. . Va-Car Chemical . . . ,
Hi
lOJi
3154
2S54
b7
60
16(4
40 sa
13!4
j
54
1454
34
139
C a lien Ceal & Colie,
J00 2.nu Wella Furge Express
15c
54
94
54
230 . . Western Pacific
5)0 4 Westlnghouse E & M.
100 Wheeling & L E pf . .
400 4 White Moter
300 . White O.l Cerp
94
1254
30 54
54
300 .. Wkk Spenc Steel Cern 14ji
000 Willi s-overland 354
400 8 Woeiworth F W 13954
New Yerk Curb
r.ruvsTitiAi.s
HlKh
Acme Ceal
AJax Rubber rt
llrlt-Amer Teb coup . .
Car I.lrfht
Chicago Nipple
Columbia Emerald ....
Olen Alden Ceal ....
Uendsear Tire
IntiT Rubber
I.lbby ilcNelll
Mercer Moter
I'arsiins Aute
IMfectlen Tire (nuw)
l'hllln Merrln
1A
lJ'i
bi
3
i 75
42
10
I)
5.
lil4
71
10
1H
Jan. 7. Conditions in busi
Radie Cem
et liuve net U-en as hitt-
ItHdle ue mpret
isfnetery as could have been wished the t(,e itei k'x'i! ".'.",".'.
first wpk 4if tin. ni,w i,nr. hur several U S Shin Cern ....
of the lending hnnklng Interests were
disposed te take the view that finnn
cial difficultle-i hnve been cleared up
sotisfacterilj . and thai, from this time
en there will be steady improvement.
unitea i-reni pnannK
United lletall Candy
Wayne Ceal ...
KTANDAIll) (MI.S
Anule.Amer Oil
. 17H
.lOiiH
. 3'
Inr.perlul Oil Can
money Is regarded as tend- mand oil of Indiana
n furtlier casing In rates,
dcinaml for necessities urncl-
iM)i:ri:.vi)r..T
us the result of dliiiln- i mer luel pref
. . uv,
tne wneie siiuniieu win iinone Oil
. --;
. 74
. :IT4
.ion
. is4
. CS
I A
nn
II v
. 15V4
1.1'i
(13
1H
. ,?
. i
KiH
. 1V
. (l
. 77
.100
. sri
n
. a
. u
. . 8'i
. 4H
. 7.1
. . !
. 37
he better. Menev rates in Chicago were Husten Wyeminir ....
steady, with rafes en collateral 1....,,; c-rlb Hvnd.ca, . . . .
0 per cent: ci-iiunercial nuner. te .)74 rules herv "it" ctf ..
and ever the counter leans, tl Ena-meer
l'iill..rtlniiu urn rennrteil hIew Fwleral Ol
t. oiitciieiis are riperiiu siu artlreck e
Petrel
Oil . .
Impwtliil oil .'.
no
inter l-eirei
ti.. i. u.,,Mii,,l !""y '
creiii ni irevement xnere is ex necieii T . i..t
ii..u .n v,, ,"-,' i Lyens
te he an InereiiKeil mnvcment of nil the Marine Oil
following the reduction "rr1." 1L,"
, . ... iferl dan 1 et ..
the ieur. which will tend
nmir OH
te steady wheat prices. Livestock
prices an holding up fnirU well, uud
this Ik an enceuinging development.
In the hteel tinile the wiieen of 1021
opens with n geed deal of uncertainty,
but prospects ere for operations te
engage u larger percentage of mill cu
pitcity. Iliiilding operations arc still
restricted hy labor dilHciiltius, and the
general uncertainties of business. Hew
l'ure Oil pref
ried Ileck Oil
Uyan Cens ..
Hapulpa Het
Hlmms ret . .
Skelly oil
Heuthern I
Texon
Wilcox Oil
Y Oil
& 11
MINIMI
Alvardo
111 a- lilye
of the railroad are piac-
" Wf.atnn - ?lfentana
fur rnllsln enndly nuan- .iiutte.New Yerk ..
titles, and any heavy buying by the 'f-yon'eold ' '. '. '. '.
enrrlers will hnve a geed effect en bust- j r),irr,e Ilxt
lies j;..neri.l!y. . . I '.'."liYi0"1" ' :
jioler.nl)- ami JetiDlng triine irVin nioMHem .. .
r(,.H,rtl., ,,,m(l deilllinil frnm ' Krr I.nue
, " . ., ,.. iVil
.. ., ,. i -0Vada epwr
skw
-J -'- '
i
fl
Today's Net
Clnse Clue
7
IN DULL MARKET
36K
26
104 ..
1U54 1
27H 1
48H 94
J4 V
3
36J4- 54
10954 154
3554 14
Developments Tn Commercial I
Sittmtien Being Watched
With Intense Interest
3454
25
HJ4-
104
11054
2654
12 '
2854
54
H4
74-
2594
1094-
14
Denllnfcs were en n Mimll hcnlc lit the
abbreviated session of the local market.
What the market larketl In activity nnil
breadth It mnile up In strength. The
list ns n whole displayed a decidedly
strong' tone nnd most of the prominent
local sharcH were fractionally lilfilier.
Out) of tin outstanding fenturct wn
the exceptional strVhRth of Vv"et Jersey
and Seashore which en small dealings
advanced U points te 110. There has
apparently been quiet accumulation of
the stock rcrentl.v nnd which by some
1J4
14
a
94
H
444
"04 '14 In believed te foreshadow resumption
1394- 94 of dividend. Pennsylvania llniireati
1994- H nlse reflected better bu.vlne.
128 154 American Stores, V. (I. I American
115 1 Unilu-nvM feininnn. Lake StlDcrler,
J-J94- 54 ntllndclphlti Traction nnd I'hllndelphla
li J r.lcctric preferred rORlstered riis from
7354- 54 yt Xjc Yj en nominal denlincs.
" Individuality was conspicuously lack
62 irt 1., ,i.n ...nnl'u finAfnttntin In the local
13(4 -t- 54 ...-.l-pt ,! u.tint nccttrred was merely n
?$ g sjmpnthetlc rcllcctlen of the cenfllctlnR
'ii ui iiiu vuiim-'
'.i ....!.. .. ..,.-.. i.,.. e t),a Vflw
9654
VerK market. There wa nothing of local
coloring of sufficient influence te cenn-
...!- . .....ii , rr t).n
7594
314
194
117
03
ni
?
51
fi4
334 -t-
i54
0154
11 -
51
3294
14
"94
1
113
centrnrv. in se fnr as the "affairs of
most of the local corporations were con
cemed. the uncertain tolutlen of peml-j
Ing problems Incited a waiting attitude
rather than indulging in conjectural
nrmrOimlntlH. 'While n nerled of llCSlt-
1 niipv Ik confrentliiL' the stock mnrket,
the outlook" for the bend division con
tinues exceptionally bright and from
all indications 1022 will go down in the
nnnnls of the local financial commu
nity us a record brenkcr.
It has been many years, in fact net
since the 70's has such intense interest
Iwkii manifested In the celninercinl slttl-
89J4 -tlji
30
"94
11
0254
254-
77 54
1404 OS54
2354-
06 -
54 I ntlen. The developments in the next
54 three weeks will be watched eagerly for
94 I signs that may prove the real guiding
54 I pests In Hhnplng business plans for the
14 1 current year. In brief, everyene Is
!4 ! anxiously awaiting the outcome of the
Vi general cleaulng-np precesn, wliich It is
1 understood, banking Interests have In
14 I mind. It is an open secret that finite
In few cencerim which were given
V ' the llrst aid hnve shown dlsep-
10554-
324
30
D574-
1454-
72
47
stii-
50
124
21 33
14
294 3
494
6254
2154-
1954
79
1H -7
03 4 -
174
11354-
77Ji
37t
394
2655
914 .
3
234
2154
'-;
174
1,34
1054
605.il-
10
12054
7154-
25 -
12254
5254
f 14 -
rw34
52J4-
8294
111H-
U4
1114 1
354 28 )D
S7
60
1054
H
lr.
354
130
pelnting recuperation In tlictr con
dition. Others, that huve been
under the careful nursing of trus
teeships nnd the creditors' committees,
have likewise developed Inherent weak
ness which nt first was net supposed te
..vi- tn ,imsiMiiiencn. there is a pos-
54
1 I slbtllty that many of these se-called
,7 I lame dttrks in the business world will
4 bn forced te wnlk the plank. Mblle.net
creating nn altogether healthy ntmon ntmen
0 ' pherc. it Is felt such radical measures
I will bring n prompter clnrlfylng of the
J" 1
!4i
l
V2 I
general situation man 11 uic wuaim.
along of tliese cripples wus rummiim
Philadelphia Stocks
Net
Hltrh jnvt Clee chee.
."Am Stores hT'j t"'i $V2
HO Am S & C (Wi (11 0 Mt
a22Am Kwys 4Vi 4 ' -lVi-f" Vj
lOOtAm Sum. 3.- a.' .rI.r 1V4
WltCel Ornph 2s 2 2Vi..
40tCen Mtrs 0 0 0 4-
210 Lake Sup. 7, 7 "
10 I.eh V Tr pf 2(1 20 CO 4-1
4.r.8 l'enna It It XlU .".:t .'WTi4"
. 20 Pen mi Salt 70L' 70 '"70 ..
20 Phil Ce c pf 3 :w :t . .
HOPhlla Klec 24 211 2!1..
III! de pref.. 27'i 27a. 27Mt Vt,
111(1 TMill,. II T 1S1. 1HV. 1SV, . .
94!
94 !
Wl
54 1
2
1J4 1
254
1
54 '
54
94 I
941
54
54
4
w :
94 1
14
"I
Ji 1
?4 I
w
9a
Yi ,
IK I
"h1
iOVl
20 Phlln True GOV, S0V4
1S11 Pitts Ceal
pref .... On 0.1
lOOtltuy Cens 14 14
.r.O I'n Trnc. !I4 34
40 I' G I.... .'(! HRTX,
14.1 de pref.. rl neTC,
77 W .!cr & S 3(1 2SVi
B0V4
03 ..
14..
34
31)
O's
30 2
tNet clianEc made by comparison with laet
sale en New- Yerk Steik Bxchnnce.
Tetul miles, '.'33H Hhiin-s. remiiarpil with
.-i331 (hnres yesterday. Thus far this week,
Hh.O-U shares.
l'HIIl)i:i.rHIA llONDS
2000 Liberty 1st 4,s '17
10000 Liberty 2d 4Vis '42
100 Liberty 2d 4is '12...
lOOOLlberty 2d 4,h '42..:
100 Liberty 3d 4V,s. 2H..,
(l,"0 Liberty 2d 4As '2.v)...
074
00.00
07 '(Ml
(1,-)0 Liberty 4th 4 Vis '3S...
(IT !lit
"."000 Vlcterv 4:is "S.i lets.100.OS
1"0 Victory 4!s "J.I 01). 00
1000 Victory -l-'lls 'UII 100. OS
11000 Victory 4'Vts "S. 100.00
1000 Klec & lVep 4s OH
JilOO Hen Asph ;Ss ...... Mets 101
unit) i-niia r-iec isi -j-. -.
.'toeorhlla Klec lt-t Os
S0IM) 1'liila Klec 0s
2000 l'hlla Klec (Is
10()r'i
100U.
'-
. leth
e7,ey.,Sus'fa?71usrekVTl,.,73
Last
1'4
ih.
70
II)
ll
1)1 1
194
12T4
84
3H
70
424
10
0
tl'j
SKATING ON CONCOURSE
' I
Safe Ice Gives Crowds Chance te i
Frolic In Falrmeunt Park '
, . i.i ,
Safe Ice was announced today en'
r T . I.. LV n... T-l.
V IIIICIMirnU 1.UIM' III i HuiuwHiii .uil
The Meirt Line population found the
best "-kilting of the year en the Hnvcr Hnvcr
ferd College pond. Warm weather jes
terday destroyed the sport en ull city
lakes' except Concourse.
Mere skating may appear before to
morrow, ns the weatherman predicts a
v
ft
2'i
70'4
10
'."
4!i
1
709j
10
1.1
V,
1
-' ' . ....... -..O . ,IA
low temperature euigiii ei r n
degrees, with wr li On (Is
Ice was "'0
mercury wM '' aq",i5i
mr.1. ranging between the 3S nnd -11
degree I'"'nts.
17
12
f.1'
17
l()J-
s.-.i,
MOVES AGAINST BERGD0LL
011,1
U. S. Attorney Asks Dismissal of
$760,000 Suit
I'nyten Oerdnn, Vnltctl States
District Attorney. has filed 11
requmt in the District of Colum
bia Supreme Court fnr dismissal of
the suit breiiRht by (Jrever C. Here-
si
7.1
OCALS WERE
, ,31, 34
Mil Mil
Il' "'
,11 87
I '. I A
Hi li'.i
11 li
l' 134
184 134
(11 (13
IV, 14
HS
11 11
I. l'i
l.V IN
14 104
04 (14
C (1
:n 711
ion ion
4li 411
(1 (1
3 3
K", 11
'4 84
71 71
, -. .'H
an 37
2H 27
hi ur,
80 30
1', 14
-? 3
loll te recover frenftlie Allen l'reperty
Custodian lireperty valued nt $750,000-
1 Dismissal ,vns'nslted en the ground thnf
Ueredell Is un enemy nllcn.
1tupvilr.il netliiir thrmieh his mother
UerRtlen, niuiiK tiiniiigu nis rnnuier,
1 te whom lie Knve power ni attorney,
1 denied in n petition recently filed with
I the Court that he was an enemy alien,
I nsserllUK nis siuj in icrniuiiy wus umy
1 temporary.
THREAT FOR MARY GARDEN
Pistol, Bullets and Death Nete Re
ceived by Diva
ChltaRe. Jnn. 7. (Hy A. V.) Mnry
iCinrden, dlrecter-In-chief of the Chi-
cn-'n (Irnnd Oiiera Ceiniiiuiy and lead-
27
S7
80
'!'
24
a
21
111
Vi
n
8
2sii
?i
84
1..,. Unii.uiin tmlnv lu linilf.t. iinllr.. nn
If.pMnn after recelnt of 11 box contain
iiiK 11 pistol nnd nine cartridge, and
in letter threatenini; her 'life. In tin
23
111
20
8S
pasteboard carton which ceiitnlned tin
' cnrtrldites three cnmpnrtiii 'iits wen
in
211
34
a's'ii
2,1
empty and the writer said the missing
bullets were reserved iij 111m ter ner,
nddlnK In "hoped" he would "seen
hnve tlie pleasure nf seelnc your body
lleatliiK down the Cliicaae Hlver."
82
4(1
40
40
JV '. '
! .fc. 1 I II I iT """"I""
STEEL INDUSTRY .
. SLOW TO RECOVER
Ante ltep'e B
1..... 77
City of Copen-
hnten 044
1 85K
Cnnadl'n Nlhn
OHi rati
Demand Shows Ne Impreve-
1.
168V4
10SU
1...
1...
2...
2
ment Over Closing Woeks of
10854
107
Year Prices Unusually Lew
loe 51
1...,
168K
Cnndln N 7s,
1.... 109
Chile cep'r 0
Nnv Yorle, Jan. 7. Ab has been
stated repeatedly In the last few weeks,
8 (KttlO) 84
1
.84 H
84H
84H
84
the best steel authorities arc of the epin
1..
1..
2..
16..
2..
1..
ion that 1022 should be much .better
than Its predecessor, as It Is the general
opinion that business conditions gener
ally will be much better this year, and
this should be reflected ,in the steel in
dustry. It will tnkc several wecka, and prob preb
nbly a month or two, before there is any
possibility of this Improvement begin
ning te make itself shown in the steel
trntle. because this Imlustrv has always
A4U
84H
84 51
City llerne Si
1.... 100V4
3.... 100H
city llerd'x On
6 SSH'i
1 83
E 80
12 89K
been the last te feel a slump and the"
lttaf , ut.n... .IM. ......... Tt.ttl tltrtt
City Mars's On
0 83 H
Cy nie de 3a 3a
nerle 8i wl
2 83H
1.... 101
2.,.. 10154
1.... 101
City Tokte 61
1 07
conditions will be better Is the view
held in nil steel qunrters.
There is hardly nny possibility of the
Industry being compelled te go through
another year with conditions similar te
what they were In 1021, and few of the
companies could survive such a situa
tien. The various mnkcm had ham
, ... . . ; . ..
City Zurich Bi
Kicunitiff qbc rear, nnd adeuc me amy
tiling they looked forward te was the
0XD,e.tc improvement In 1022.
The demand for sfeel has net ret
IS.... IdTH
D Canada '29
1...
07U
0754
0754
2..
1..
7..
1..
1..
10..
H..
,''wn nny Improvement ever the aver-N
age of the finnl weeks of last year, but
07 H
07H
" nnwjIen It Is pe n ed out that
it is tee enrly for any Improvement te
be felt. Nevertheless, It is known that
n number of steel interests will be ills-
04H
90
9754
OT54
appointed if an incrense In buying is
net encountered befere the end of the
current month.
Keen disappointment Is still ex
8.
D Cnnsdft '81
0 0454
Denmark Cen
ct A 8s
1.... 100
pressed ever the prlce situntlen. Cem
petition continues strenuous nnti mc
consumers still hnve the ndvnntnge of
getting unusually low prices becnusc
they find some makers very anxious te
book business at almost nny price. In
nil instances the low prices are being
met by ether steel cempnnles, nnd the
business is being done by all the com
panies nt little or no profit.
Itnllread Ititylug Ilolew Expectations
Indications are that the buying by
the rnllrentls early in 1022 will net be
tipAe expectations. The Pennsylvania
nnllrend'R rail order was placed during
the last week and enllcd for only 80,000
tens, whereas the actual inquiry put out
Inte in November was for IfiO.OOO tens.
However, It Is announced thnt the com cem
pany has mere than 70,000 tens com
ing en 1021 orders ngninst which deliv
eries were delayed, nnd this cut down
the order.
Oeve't French
It 7M rate
40.
9414
1..
1..
1..
8..
1 .
1..
10..
1..
1..
fl,.
20..
1..
1..
18..
7..
4..
a..
18..
1..
1..
.. B451
.. 0454
.. B4U
.. 04K
.. 04 ,
.. 04U
.. 04
.. 04t.4
.. 0414
.. 04U
,.. 94
,.. 0454
,.. 94V4
,., 0454
,. 04S
... 044
... 04
... 04H
... 04M
... 04H
... 94K
... 04ti
Probably a Mmllar condition exists
11.
04 Vi
with regnnl te ether railroads. It will
be recalled that many expected the New
Yerk Central te order as much ns 225,-
Oeve't F II 8i
27....
0094
1,
1,
00
100H
00 94
0094
004
00 H
000 tens of rails, while the flnnl order
placed In December amounted te only
IC.0,000 tens. If this becomes general
among, nil the reads the total rail ton ten
nagc will be much smnller than had
been estimated.
Thcre Is net much te be said of the
steel mrtrkets generally. During the
3...
3...
1...
fl...
0...
3...
00
. O0H
J0 9
Cir'tl Trunk of
current week there has net been null
Va'clcnt buslnes; te test the markets, nnd
Can 6a rcta
100H
100H
little chnncc hns taken place In the fin
ished branches. Pig iron is slightly bet
1004
100H
ter, reports from some producing cen
ters indicating n iieinewhnt higher range
en nctunl quotations.
100
100 94
Negotiations for tii" merging or some
of the independent steel cempnnles Is
progressing Mitlsforterlly, according te
these who should knew. It Is stnted
lhat the larger merper te be mntle In
the Krtst will tnke considerable time,
but these who are working en Hie mnt
tcr Insist thnt everything hnH becrt go
ing ulens smoothly, nnd the Indications
nrc that the consolidation will be con
summated without difficulty.
Reme miner mergers arc likely te be
completed first. The consolidation of
the Otis Steel Company with ether
(.mall Western concerns is making great
Jap dere't 2nd
1 SOV.
Jap Oere't 4s
B 73H
IC llelrium 6s
1 0B
2 0B
1.'.... 04'4
K Utltr'm 7Ha
1.... 10891
10 104
0,... 103
1.... 104H
Klrurdnm Den
mark 0i wl
17 04H
n
r.... .
e
ie!!'..!
10 ....
10
2
2... .
Kingdom
D4 H
ni't
04
04 Vi
llt'i
04 U
OS
04 H
er progress than nil ethers, according
te private advices received here from
Cleveland, nnd it is intimated that con
ditiens have reached a stage where nn
announcement would be possible In the
near future.
President Cempbell. ,f the loungs leungs loungs
tewn Sheet and Tube Company, wus in
Den,
Illl' 04 Chlcn.re during the paht week uegotlnt uegetlnt
1)704 iing tin terms of the prepnt-cd merger
iit'iis of his cemnnnv with the Inlnntl Steel
mark ct 8.
1.... 107.
1.... 107W
2 . 107 V.
and the Steel nnd Tube Company of
Kingdom Ner
America
Announcement 01 tins con
way ct 8s
2 ... ins.
K Sweden 0
solidatlen In likely te tie mmie in tins
city, nlthnugh the cempnnles are net
located here, but It Is known that a
iiiemlnent banking beu'e has been
liandlliig the mntter.
' MerKers Will Retluce Costs
ie .... ni
8. 0IH
Queensl'il Hxl
Lean 1st wl
1.... 107
1 liiDH
1... 10US
. ..,,,. ,,-:,, f ,i, ,mn,i
Itep Chile '20
Involved. It is certain that they will
i tps'ilt In " sreat reduction in costs, and
t.i.rr I,,,.... njllrtinlril tlinf ttin unvltlff wilt
1 00
1 00
2 00
10 01)
te a, much as $5 per ten en
Hiine flnlt-hed stitd. In addition te ellm-
Itep Chile 'JI
l innting hlsh freight ehnrsp en wnne
1 lnit.ln"s. Itemise order Mill he filled
2.... 101H
10.... leiVi
l.... loin
l. .. 1014
2.... 100V.
Hep Chile '40
2 ... lOOK
1. .. 100H
Ilepub of Uru
guay 8i
by th mills in the combines which nrc
jicnr the point of consumption.
, I" Probable thnt these conselldn-
ti'ins would have been diagglng along
I1U i ti, ..... ...i.en ntfemntK wen.
" .." S-" l ........
made te hi Ins together the various com
panic, but for the fact that nil tin er-gnnl7.ntlnu.-i
Involved nrc preduclns and
selling at a less. In their ifferts te
eliminate this unfavorable situation
theie ilrectlng the mergers nre rush
ing thni'U'li I lie details much faster than
1
3.
1. .
1. ..
.3 Sae
ct 8a
1
1....
1024
103 4
108'.,
103
I'aule
107 4
108
III
thev weulii luive lieen doing una eemll-
.iu, .,,,,, Il,ut. ,,MI1 ,,
,,,, t ))nss.illlltj. that the
mersers known te 7e proposed
w ue f'"nplele.l individually nnd then
n the ,,,,, bp breuslt together In
nm, , rruiiZatien. Tills would
1.
100 4
Bwltr'd Cen Hs
8.
1144
1144
118
MB
1144
116
4..
1..
0..
1..
4..
1..
i be a .a-)( :nnc, and would mean that
for th" first limn Mnea Its orginizatien
i the I'nitcil States Steel Corporation
would be fncins real competition en even
terms.
U4 T,
U K Ort llru
A I'd 1022
1.... 1004
2. .. 1004
Raw Sugar Moderately Active
New Yerk, Jan 7. The raw sugar mar
ket was moderately active and unchanged
with Tubas fur JnrMary shipment, quoted
nt l'-ic tn 1 lS-lllc,
cost and freight, nnd
for Kehruarv ah'pment at I lB-UIe. coat nnd
freight. Hales
eateraay
Included IB.11OI)
b?s old "f Cubas for prompt shipment at
'.rTe 'bJffi? i? Wlti l rSlettTTSSS:
The
c. I f.. te a manufacturer. Arrivals of raw
sugar jesterdaj Included lS.OOil bags Cubas
. Nallennl -,,. neenlnir Company.
and loon bags Han Dnmlnges cermlgned te
n Importer Thn local refined market Is
r,0nrchca(ln,KrTd M 4l(,0c ,0 ''900' le" " rer cent
DIVIDENDS DECLARED
Jlnrden Company, semi-annual 4 per cent
nn common payable February 18 te stock
of record Pelirusry 1.
Hupp Moter Company, quarterly 24 pr
cnt en common, payable February 1 te stock
of record January 10
Art Metal Conatruct'en, quarterly !8c,
payable January 31 te stock of record Jan
uary 13
EillHer, Klectrlc Illuminating rjemnanv nf
nosten, quurtrrly 1.1, payable February 3 te
stock of record January HI,
aiumns imuy lorperation, quarterly 1:
- nn J'"',"??! ..??. !" tl'ruary 1 te eteck
of record January 10,
Capital
Mether of 2 Senators Dies
.Miami. Fla.. .Ian. 7. (Hv A. I.i-
Mrs. .1. It. Hrjan. seventy-three, i-nld
ite ne ine eniy woman in tlie country
' who had two sen-r te serve In tlie 1'nltcd
, States Senate, dte'd her- today after u
brief Illness. Mrs. Hryan was the
inetlier of former Senater Nntlinn I.
'Hryan. of Flerida, new Jndifi' of the
i' inn iirjeiiii 1 euit or Appeals at New
Drleans. and of .Senater William Juines
Hryan, also of this Btetc, who took his
sent In Cennress when only thirty-one
years of age.,
mvWmfmK'
-'.r
4s -
.ll.lifi
NEW YORK BONDS
HAI,K3 IN ttOOAl
1 60U
Kalell6441
1.... 100 5 laoedyear 1
Itenl'k rwr
rentla 11 n 7s
l.i... 0854
1 03
2 0354
N Y Ct'l BH
low 10054
Prerla t U u
4 inn
l'.!!'. 100U 1.... 19 '
1.... 1004
HOU
It Marql J
U K Qrt llrlt
0,... 110H
8.... lit
1.... 11694
4..,i. 7SV4
7....; 80
A I'd 1920
5 74H Pub Serr Cerp' 1"e V V. "
N T Cent'l 4i 0...,, 7351 1 '!
10 844 neadln Ce 4, i'"' T54 ,
5 R4 n atu ? III.'
11
00 U
00 K
01
0T4
8.,...
1
1
3
S
1 I
U....
1
4
p Ne'n niy 7
3,
!
0....
a....
0....
2,..
1....
28....
0....
107 U
107
1074
10754
107 94
107 It
108
e
8..1.. 814
0TS
99 14
M TK Cent'l B
B....1 fill:
3.
0894
nie O A W 4s
0TH
07
90 U
IS
3.
R89i
9894
nsf
...,
4..... 7111
Iteck Il'd A i
B
1
1
1
1
IjOUVS 4s
? 774
1 11 u
01) H
9894
98 4
U 1C art nrlt
4...
10794
A I'd 1037
Uud Man fd
St 1. I Mt A
11.
07 91
07 ;
97 ;
07 H
07H
07 H
1 70
3 70
1 70
2 70
0814
108t.
nwy 4
1..
D,.
2..
2..
2..
1..
2..
1
8..... 704
li.... 77
N T Cnl'l 7e
1.... 10394
8.... 10694
N Y Billion CO
OUi rets
8t L A 0 V ill
Hud t Man In
IB 714
0 714
8..... 47
2. ..4. 4794
1 1794
2..... 71 4
074
97K
100 91
719,
til Central M
1 i 83 H
til Ct'l 4 'B2
10....
....
U S Drill! 8
4....
6....
0....
1....
2....
1,...
100S
100H
10794
71 H
2.... 108
1.... 108
1.... 108
719;
St LA S 1'
1 81
1 8114
4 81
III Cent'l B4
3 07
2 07
106 H
100U
100H
102 H
in B44
B 044
1.... 108H
10 844
10..... S44
17 S Mexico 4i
1...
10 40fe
1 404
New T II A
1 84k
Hart'd 6s
1 BS
Bt ti A B Krar,
V B Mexico Bi
III Cent'l 654s
S4rles A
8 084
8 084
9..... 0841
1 85V4
1 6SU
1.... 108
Info Met 454 s
6 11
1 1054
Int M ct 4H
8 994
3.i... OH
3 094
imb'e 11 T fd
N Yk nlya Bs
1 6
?A
4 63K
N Y Tele'e
Am'n Ajrr'e k
10
1024
1024
1024
St LAfl Frar
Chm7Us
4....
8,
7....
4....
2....
2....
1....
9
Bsrfee B
1 824
1.... 100
8.... 10054
102H
1024
1024
Bt L A S I'ran
1.... 1004
a.... ioeh
Series c
18. . . .. ASH
Ann TtTSl
10
05 K
102
102
Seab'd A'L aj
1 02H
a 0254
0 02H
1....
12....
a...,
1....
10....
2....
11....
1....
6....
2....
nn
004
BOH
004
B0
B8
BBtt
80
884
B0
BB4
1 18
1 14
1024
N Y Tela'e '411
'Bh Steel H Si
Ann T A T 01
1 P4
1 OS
8liwlalr d Oil
0....
a....
3....
1....
1....
1....
100
14.... 1021
100H
109 H
10DH
10OH
190 H
Nfk A W il 4s
10 834
nrth Western
CerpT4
B8U
84
684
984
084
084
nl T 7s
2...
1...
1074
1074
-1074
ABA
It's Bs
13.
8....
1....
1....
4....
B0
. 87H
. 87 H
. 87U
. 87
a....
1...
1....
Marine As
107 K
lit .,
4 6'n'i'l
084
GS4
1 804
1 SOU
107
107
28...
'ocine n
Int I Taper fla
h ('aclflc It 8
10.
844
844
84 H
844
844
84
844
84 ti
IT
87
1 87
a 01
K t'aulllc It 4
4 844
4 84 4
1.
4.
4.
3.
8.
A T A 8 Va aj
Inmrn'l Paper
A 70 W
8 70H
5 70S
0 70 1,
Bs wl
1..
804
8114
804
804
IB..
4..
48..
N Paolfle n 0t
a.... 1004
Ore A Call!
8 074
0,
B.
Am'n Bug Il'n
Ce 0s vrl
6..
884
E'n l'ae ev 4n
100 08U
Invincible Oil
Oregon 8 L 81
3 874
874
1 B7
4 88
fl ORU
Cerp 8a
2 884
0 07
Ort-W n n C)
A N Ce 4a
8 774
80 774
1 77S
Packard Mote
Car Ce 8
8 00
10 084
l'a H en 4 4k
1 084
l'enna n 04 s
2.... 104 H
1.... 104 S
A Coast L Cll
6 70H
Kan O Ft B A
Atlantle Iter
Memp 4 s
1 78 H
Sn Hallway 4i
ct 04a
1.... 103
1 014
2 02
Itan 0 A B Is
UMt t, Ohie cv
1 (134
4 04
Sn nallwnv 8
1 78
2 74
K C T niy 4s
8B4
B 74H
4 80
4 804
1 804
: 804
B SOH
4 884
Htati O A 1. t
2 0414
Dalt A Ohie Bs
1 7J4
Dalt A Ohie 0s
Stan.ru oil at
0..... 0BU
1 OBVi
Calif 7a
1.... 1004
Ku.,j- Hprlng d
Tire 8s
0.... 1024
8.... 1024
Dalt A Ohie S
Wn 34a
8 80
High Lew
110.00 05.70
07.20 07.20
07.04 00.80
07.40 07.HS
07.20 00.80
O7.0 07.72
07.R0 07.82
I.uiK Steel '2'
Liberty 3yj9 ,
Hell Telephone
1 DTU
liberty 1st 4ft
of Pa 7s
Laek Hheru .M I Liberty 2d 4s
3.... 1084
8'ti 4s 'I'M
Liberty 1st Win.
8.... 108
8 01
Liberty 2d 4U.
Liberty 3d 4i4s.
II Edl'n Ce 0.
I.'Hii: lid U fd
1.... 100
10 72
n Hap T ct 7s
Liberty 4th 4.
I... u .Nash 4s
r, 834
3 084
B 874
10 884
vie .Notes 11 b.
Vic Notes 4 s.
Buih llulJg Ss
li A Nau.1 B4s
0 87
2..
1014
1014
BAR SILVER (
Cen't of Oa 0s
1...
1..
I..,
1...
a..
9..
7..,
21..
1..
4..
1..
1..
0..
1..
in..
0..
S 04
S 04
. 1014
. 101S
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
. 1014
Demestic bar silver was unchanged In Kw
Yerk today at 904c per fine eunce: feretn
044c. uncDanged, In Londen the price Un
4d leaver at 844 d. '
Ctt Leather Bs
1 034
Ctl ractfle 1st
BANK CLEARINGS
8 83
B 83
Dank clearing today compared with car
C C 8 eta 8
respcnuina; uar last two years;
102? lull 109"
1 B7
Bosten.. 837.000.000 $.10,031,484 SflO.lOO.BlS i
C N T 4W'03
1.... 103
C A O cv 44s
0 S8H
. 1014,
. 103 ' I
. 1014 1
Nah 1
. 1004'
C'k A O ev Ss
B 84H
22 88
8 88
Le A
1..
Chicago Mil
Mex Petr'in 8s 1
atl' cv 4 4"
1 (II
2.... 100
Mid SliW 8S
4 00 1;
1 84
8 84
1 01
3 00
M Htl' A B Hti
Cll tq tlVi"
Maria 4s
1 884
0.
1011H
loes
1004
100
1004
1004
20..
S..
8..
IB..
17..
II Kit' A B Hit
M 04a rets
8.... 1014
a.... 1014
2.... iui4
If
(JI Spruce SittO
LIBERTY
BONDS
s ion
C A W I 74s
1.... 100
It IC ti T u) v.
18.
434
1..
e
a'.'.
43..
4..
3 .
1.'.'
0..
0..
1..
44
484 '
434 I
444
44 1
44
48'
444
43 4
44
114
C"k A O jv Ss
0.
(13 S
08 4
10.,
c n
2.,
2.,
i'S ,
10.,
4..
6F.Ct7BITIEH nrrAUTJIEN
COMMERCIAL TRUST
'COMPANY
Mrrutitr Federal Tttsrrre Sjstire
City Had! Squarfi, Weil '
I A
V fd
70
70
70
704
704
Clilcagu Union
a.
44
Bta ct 04s
1... 112
tin K A T 2nd
3.
41)
T 4s
744
74 4
744
744
744'
74 4
744 1
74 I
74
73 '
Cum T A T Bs
Me K
3....
1...,
1...,
2...,
3...,
H.. .,
1...
in. . .
10...
u...
2 02
Cern Pre ltef
Ce Ss '84
1 00
Del , Hud cv
S 004
Safe Bends jar tavestmeif
Den A n Q fd
10 44
4 44
HALSEY, STUAfcj
Det Edl Ce 0s
.. 100
tl IC A T 4s wl
&. CO. Inc.
Det U n 44s
3 034 ,
M IC A T 8s wl I
2 77
S 084
2 ... 084
Land Title Dlflg. Phene. Leeurt-4111
10 77 I
in 774
3 77
Erie Oent I.len
1 .. . 414
10... . 414
1 42
414
1. .. 41 V4
M li. A T i) wl
C. S. PATTON & C0.H
20 004
1... . 004
14 004
14 en 4
7 (Jfl4
1 HI
28 00i
20 01
10 ni
20 1)04
H 004
M K A T neta
IB B84
lle Pacific 4s
10 00
1 004
B 004
3 . . 004
B 004
3D A CHESTNUT 8T3.
BANKERS
SAn.EflirrSTrAvNHON '
Henda nnd storks bought and sell
Member Tri'ln, ""e r.ftif-
trie n It cv D
10 . 884
Erie nn Ce 4
1 Bey,
1... . B4
1 B0i4
risk nub'r Ce
fis'rets
1.. . I004
2.... 1004
1... 1004
1.... 100
WANTED
LIT BROTHERS STOCK
H. F. BACHMAN & CO.
Slembera New Yerk and I'litlau)b!
,Oendear T 1
Ilub'r '01
B 00
10.... 08
niecK r.xcnansrs , .
1425 WALNUT ST., PHltAj
STATEMENT
National Security Ban(f
Philadelphia, December 31, 1921
RESOURCES'
Leans and Discpunts1 . .
United States Bends . .
Bends and Investments
Banking Heuse
Due from Banks
Cash and Keserve
(
LIABILITIES
Surplus and Profits
Due te Federal Reserve Bank
Circulation
Dividend Ne. 100, Jan. 3, 1022 . . .
Deposits
J. riAlU'hK DIUPPS, President
GEORGE KESSLER, Vlc President
WILLIAM H. McKEE, Cashier
GEORGE OVINGTON, AisiiUal C.ihler
,'a 0,
"t V !
.::
07
OS
T:ra?A
. -
1.. tJt
J 4'UfU
:... si
1 M
. 4844
10 JSU
mw, . - .e i
-"wattr OU'l
ue ct BH
lis.. IflAa. V
itBlin"."''
- - .0 CT
.. (I.
1 ;::: rf
U'n Tank 0 tl
L.1'.'... lMd
iinf.i t. . ."
- -,iriig H4
.... 104J
m .. - iVlHl
u ts,
2 e
U B nirtb'r 5(
. u
0 (,-
IP a .."."
- - awn d
.... 1W I
8.... 1847
;... 100
7.... In
CI
Utah P A tJi,'
I .
Va.C Ch fu,
a.... Mu
v nir cTi.
8 Mu
Watub tt j5
2 U
Wabaih W ju
1 Utii
Wesfn Elfa (,
V.esl'n At?,
8 ((,
We'n Pti ,,r. ll
J ie A
1 lUu.
Vme,W
- UI
J. .. ,,.
1.... lb
estinh'k r
A Mf 7t
8.... lU
AM.' 1
"111 A I. Mjl, I
1 1)1
las.. lfllk
1.... W
1.... ieau
1 1ft a.
AVUV
(I
etii itiii.,. .r' J
"?T ,"11 e op
fib a..., .
uicei ts
1
Wilsen co lUl
A. II
ns'iis
0720
nr.w
1)7.40
op
07.
100.08 100.00 100.08
lwi.ea iw.00 100.01
S7.593.127.4C
832.350.0C
273.569.3'.
60,000.0(
4U1.V4I.U)
1,266,831.73
$10,537,816.53
S260.000.00
1.(153.628.67
300,000.00
250,000.00
30.000.00
8,064,287.86
$10,637,816.53
the Pennsylvania nsi msu ii'n, in sales. aitiiiiiiKii inri-s nave iiv.u ,.: cenB 1 7 7 runs. Jan, 1. -i-rices lmpreveil nn the
nmrge M- Shrijf senior counsel of the ,,r,.,,tv reduced The passim: of the He Anier P A 0 84 8V4 r.4 Ileurse today ,,'lhree per cent rentes. 31
Norfolk and Western nallread. Mss.rs .";' ,.,' n ...,.i fti.S ,!!.,..,... Toneoah Mln 1A 1A 1A francs 33 centimes exihanga en Irfinden,
Packard and McCarty are trusters named dividend en the General .Meters common , .r,''n?.Wn ,,;"', crl, 24 254 "J 4 84 francs 32 centimes, r, per cent loin, SO
r cuauSrS.?fA.1lnJPh"i',VJ0r.n,ll'i I 8,eck "'"'Cteil the rendjlistmuilt gellIK Vest Und Cen 77 77 77 I francs 20 cent I raw;. Jh" dollar was quoted
Kuwi' w W'tSl I4ell.nVcempC.VTftl " "l'C'0ter Industry ?- "" ' Vi iU H at 1? tr.nc. 404 centimes,
JWicetctf'Vr,.., ? V fOL I
l .1 5.. . tsyug,, - 1 flMBIMMMMiiKv;M"4''sBBM-'T'-iif'v
ti
A
,
I