V'f
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I A.
( V-
..
f
;4V .&, t ,., ".'i t , , "
k: .'iSgai MARn
... I JMMlfeililPM
' '-
"4.
ft 5
Factory Bulldliig.lngerseU-nanU Ce.
3TttLrURNISHfcAMO tntCTIO BY
Wcwwnc MAH3MAIL CO.
1
There is a lasting sat
isfaction in having your
buildings well con
structed. We arc ca
pable of handling the
work in the most effi
cient' manner.
IMcClintic-Murshall
Company
Uenernl Ofllreal ritleliurKli, I'a.
t'hllsdelplilii! Merrla lliillcllna
New IetIi Ciliace San 1 ranclce
McCliniic-Marshall
SteelBridges Buildings
Special
Pamphlet
Describing the mere im
portant issues of Cana
dian Government. Pro
vincial and Municipal
Bends, new obtainable
at prices te yield
52 te 6V'2 '
All these issues have
principal and interest
payable in New Yerk.
The prices quoted are
for payment in Ameri
can funds.
II itc for 1'amiihl't I' HO
Weed, Gundy & Ce.
14 Wall Street! Ncw Yerk
i
B
,IM
Terente
Londen. 1 np
ir-
5 Knew Your 1
8 Securities
Keep Careful Data en Every
Investment
JJ Wp have prepared a jjj
B booklet, tastefully bound m
1 t iLa... .. H
Sin ii.-ium.-i, iur yuui uuuw:- h
nience. It fits easily in the JJ
pocket, and contains a
1 systematized arrangement
I for recording your held-
!ings.
A table of incomes from
3 various stocks listed in the 3
S back will serve as a valu- g
JJ able reference. j
g Jet down a memer-
m anduni new te call or write
m for this booklet today,
S Ask for L-6. H
P. K. GUTHRIE & CO. g
n.vMtEns n ltnnKnns
itcmbira of Philadelphia ktecK M
1'fhanne M
iietii rnuM w
sj 1430 Se. Pnn Squirt, Philadelphia g
aHBllMllBMaaaBBBBBBBBBB?.
INCLUDED in the prop
erties w h i li secure
Keystone Telephene Com
pany First Mortgage T
J3ends, due 1935, are the
Beven parcels of Philadel
phia real estate in which
its executive and mechan
ical departments a n d
automatic switchboards
are housed.
At present Stock Ex
change quotations these
bends yield about 8.20.
Free of Pennsylvania '1
mills tax.
c tiutfr inquiry mi nmj
current ivirilnn v bubja '
HARPER &TURNER
H
lii
i
Imestment Bankers
ii embers of Philadelphia MecA. I irhange
Stock Exchange Building
ecranten Philadelphia .!..,
(ftS
LIBERTY
BONDS
L H
1 1
11
ff
( I
I I
sr.ciRinr.3 uei'ariuet
Commercial Trust
Company
Urmber Ffderul Itrsrrtr sr,c,m
City Hall Square, Weil
I
ftUs
NOMIIV.U ilu :-.l
Metropolitan Edisen 5s, 1922
Empire Tank Line 8s, 1931
M. Y Penna. & Ohie. 4 ',$,1935
Arthur C. Richards & Ce.
rrivate Telephone le New iuih
K
U '
iire.xci uuiKiiiiK
H
UN
RTA1N
PRICES FEVE
R1SH
Sutei
3M
ane
I ten
tee
2400
300
nn
200
100
400
400
200
tee
moo
1200
103
400
AflO
93
400
200
2400
DOO
3.100
100
2100
800
200
.100
uoeo
101
.100
1300
1090
403
400
000
100
200
1000
100
tee
800
JS00
500
100
0000
tee
100
100
Sinking Spoil at the Opening
Established Mere New
Lew Rocerd3
New Yerk. Jan. 10. Tlic movement
of today's sleck market lv.'ti very fever
ih and uncertnln. There vvns another
had Mhlslng spell during the first half
hour, provoking further severe losses
throughout the Hit mid establishing
everal new low rrvnrl The St. Paul
Ismits were pnrtleulnrly prominent In
the latter connection, touching, the
lowest quotntlens iiuc 1ST". The sell
ing movement. hew ever, spent Its force
before the end of the first hour and Ir
regular rallies followed en desultory
short covering The recovery was
helped bv the II per cent call money
rptc nnd the increacl orders in the
V tilted States Steel untill-tennage
tntement.
Nothing In the eernight develop
ments or in the morning tiena could
be regarded as being epeeiall dis
turbing, but as. in the preceding ws ws
siens the market acted very much as if
there was something net altogether
I ideasnnt everlmnglng Thi trouble, it
it really exists, s being cleverly con
1 cealcd as It is net possible te obtain
even the slightest hint of the character
of any Impending ndverve conditions.
The recurrent liquidation of the St.
Pniil issues was much of the same mys
terious nature as that accompanying the
selling of Chicago und Northwestern
nnd the Hrle issuer vestcnlfiy. There
was. however, some indirect connection
peripptible attending the pronounced
weakness of all the three isues with
that of the Chicago hanking vpletle.
In fact, there l considerable circum
stantial evidence te Indicate that a large
part of the recent market uiisett lenient
has hi en due te the adjustments of this
situation. While the St. Paul i-ues
went tumbling te new bottom prices,
both line and NmtbweM put up a
much stronger front ami ictrieved mere
than half of the le. sustained yctcr
dnj. Officials of both rend. however,
went out of their way t" dilpate emc
of the distutblng stories (imitated con
cerning the financial position of these
co in pa nl pp
Pressing their advantage the reac
t enKts fened the telling movement
during the cnrlv trading and within
the first half hour dei lines of 1 te
2l'j points were made by prominent
oils, cealers, "hipping shares aim rails.
Market heav.ne-'s was shown b Mel-
can Petroleum, Pan -American. (Soneral I
Asphalt, Ilurns ISrethcrs. Atlantic Gulf
anil St Piuil prcfernd IHelines of
fnt'tlen- te a point were at the -nine
time recorded bj Studcbnkcr, Ke'h
Springfield, Crucible Steel, ISaldwinl
1 Locomotive. Heading and MlfcMitiri
Pacific. Oils, sliippiiigs and equip- I
ments added te thiir early les-PS dur- '
ing the first hour. Chemicals, tobaccos
and kindred specialties also were af- j
fected, losing 1 te " points. Teed ifnd
leather 'hares were depressed. AVilseu
Packing losing SL, points. The mar
ket rallied irregularly before neon,
-teadincss being imparted b.v the IS j
i per cent epen'ng rate for call money.
The steel shares were unresponsive I
te the publication of the United State.
Meel unfilled tonnage figures, showing ,
an increase of lT.'sTH tens, the fir-t nn- I
prevement since September last. Apart ,
I from a few scattered special movements I
notably Haskell and Barker, which I
moved up n prospects of early ratili ratili
catien of the merger with the Pullman ,
Company, the market in the afternoon l
1 drifted sluggishly within a nanew trad
M InnlprK
Montreal
ing area I he . per (ent call 1llOMe
rate in the last hour reduced moderate
levcring of short contract, except in
the -teel group in which quarter thiii.
was evidence of fresh pressure.
Commodity Markets
GRAIN MARKET !
( llirage. Jan. 10 The wheat mai - i
ket was --low., but the undertone wa'
weak rtain ever the Seuthwet j
Mar'ed the filing and. later, icpeys of
Aigentine wheat offered five te vir cents
clu'apper than American nnd th" can
tellatlOll of I0.OIM) bushels of (iijlfj
wheat increased the bearKh feeling.
Huving pnv er was limited until Maj
reached 110, when Southwest longs
bought nnd eUrcd pit shorts into cover- I
ipg Cash wheat pruniunis weresteadv.
Shipping sales were .'000 bushels I
t em wa- slew and ensv . Selling wa
indiii-cd bv the weakness In wheat At i
,"i."c for May geed supporting orders'
were uncovered. Importers bought
, ."..'jO.OOO tmshpls of corn in this market, i
part of it at "'c ever Muy, track, Ii.il
ninnre. or lc lnghir than was bid ves.
terday. Demestic shipping was slew,
Willi sales of enlv L'O.OeO busheN
There was verj little doing in eats'
and prices were easiei with ether
grains. Shipping demand slew, wuhl
.sales of enlv ."0.000 bushels n ported.
Vha'
Mhv
Jul--
Cem
)r-
I '(Its
Mi.
'u
I Ol ,
I .r iiv .
M.,
! i-d
1 . US--V-,H
nibs
1 ,nuar
l-.j . . .
fip.n
Tle'e
1 1',
i II
1 ent,
1 ll'l
1 nn'l
1 ns
'"5
-.3',
It'.
..It'.
3S.
. I'J'4
.17 .
.is.,
f. 10
i j T.i
s ill
!'.!)
S fifl
S 07
e.'
s IJ
s 10
s I J
COTTON MARKET
pw Yerk. .Inn. 10 Small ginning
figures for the period tail a stimulating
effect en cotton prlres thid morning, and
the lint opened It te 17 points higher.
Liverpool, Japanese and ether foreign
interests weie the best buv erf. The wil
ing was unite active, niestlv from Wall
Nrn itid b.v Southern wire houses,
nut ev 'iitua'lv i hr k( d the t Is. , ke that
u.iintinns i ere iff i little fimn initial
i N i'liree iKitnes were issued.
Ue. eipts at the ports ter the dav are
i mil il a '.'" iMrfi hahs, iganiHt ."J'.IS
ile- i (. a;e J7.,J1KI b.ile'i n vein-
'i and "ft..".'..) biles two years nge.
I he cirlv nfternenn riilrii bartlv
-teidv ,ind '(met Ttading consisted of
li.ial itit rf liai gi" ami svvitcliing from
ti.ui te distant positieiiH, the latter
.p( ration being relleeied in n reduction
f the lanuarv and llarch liremlum
Spruce 8200
in- lifer innnil- A few Southern
lling (ode-- rcicheil the ring but tak-
g ih' div -is i whole, pressure from
i . s,,jf ,,. h mi virr lliiill'-d, dchptte
i niiinT- "f nn 'a-lim ins
l'pnrt "en OHO ball's. ini"IndinK The Central r,ureii'an excliaiiBea
' "7' haW "' drret llninin 11103 te w,re Uuinaninn l, lliilfiiirinn, .71:
t ( en t irieni Htnl 4,'17. te .lapau nnd irt.aii, 1 " Ceclu. S'evaknn, 1.04:
i Imiii 'I utal for t'le ca.ii lias born ,nKn.Stnv inn. ".: : '.root,. I 10; IV
'. ns-' tl l.-ilev, .empni-ri will. 'J..".7 1.- , i.fci. ,narV. .'"". 1 iiipisli, 1.01; Aim-
'", f"r
the rorripen.lltis period Inst i
1 Oil
..
elf
, IT si
,1 IT IT
.l -.s
I I l
lixli
is .,
If III
17 Ml
IU 77
i loe
Is 0, 'IS
1 7 M UT
IT Iilf.i IK
I '.'! WW
17 li .
1 T .'.S
17 I 1
HI ')-
1" 7J
DIVIDENDS DECLARED
I nif.n rll i mniwiiv of CallferiiM fimr
. 1 i . uliit- J. nu.irv -Jl luilul uf ree
i 1 Jjiiiht II . , ,
Miii-rlian Il'iillnOT uniwni iinarKrly 1
,,p .III Ull I Mlllll.llll tf.lt I 4 ,"-l ' '-in I'"
l.ril'rrei , ..,,.., , i iii'....'.. ... ... .w
vif.il ut n-f-iril Man II 1 linn infinrrru I u
iunr 1 l i-ls "f r. erO I'tbruurv 1
N-jjhIu 11 ' liHifMir-ea Hnil h' liilla nall
, uii jlil.Uttl ,l'-i ir "in imiililr I'eO
,iarv 1 Hi atoek if rwi.rd Janimry al
... imiI. i i nmn.in auanerlv I'i t"
Itill, Mm, 10S0 lvlenr, Jl'iln fl,u t.4I,t en preferred imsuUle rebruarr I "
ijjianiiaBjaiiiiiBaiiiiiliB atocKheldera of record Jni.uary 20,
NEW YORK STOCK EXCHANGE TRANSACTIONS
ru
in Tmlai's Net
CIOM Che
mi
tilth
Adams t:press . ... 4!i
Air Reduction 47
AJbt nubbr 3
Alaska Oeld M nes . 't
Allied (-hem & Dje .. 8S
Allied rnem & Dye pfl03
I.nw
0t4
4614
16
SB
103
38 li
P8
M i
R9
32 H
JitVi
34 x
3Jli
141
H'l
10U
130
mx
Mt4
31
29s
102li
ii
7
43H
87 li
31 K
A7
R7JJ
34
11)S
I2DH
127
10',
7Rli
101
23
4S?i
30
4.1
02
80 1'
47
H
569s r-
103H
31 14'
88 57 H
59 4
3J)$ -5114
mii-
45-
10J4-I-
H
130 -1214-581,
-
3(H '.
.en :
10JK2 -
4'i
!4
'l4
IH
5i
114
IS
?4
14
la
H
li
Alll.s.C'haliners 3St4
: AlllH-rhalmers pf .... "!$
.. Am Agrlc Cbein pf... Ms
1 Am Hank Nete
.. AtivHrct Sugar 34 li
1 Am H Shoe Kdy new.. .12
Am Itesch Magneto.. 34 '-j
. Am can 3?!5
11 Am Car & Kdy 142
1 Am Car & Fdy pf. ... 94(j
.. Am Cotten Oil Wn
. Am Drug Syn 'i
it Am Txprcss Ul!-i
.. Am Hide & Le.ither. . 13
.. Am Hide & Leather pf "li
.. Am Intemat Cerp.... 30H
.. Am I, Insert 29 'i
8 Am locomotive . 103ij
. Am Safety Razor. . .. !
Am Ship & Cem . . 'li
Am Smelt
7 Am Smelt pf . . RTIJ
3 Am Steel Foundries.. 31
.. Am Sugar ttef. . . . M
T Am Sugar P.et pf "'.
.. Am Sumatra . . w . 3!i
0 Am Tel & Tel DT
4
'a
Hi
i
'i
li
7!if
43S
. - ti
8714
31H-
5HS -8714
34 -
li
'4
h 1
'
t
114
ml
i
;
''4
i'i
ti
1I5JJ
131 r
1273, 1
30 '
79S-1
103
21 -48
, -30
45
03 !i !
24
28',
21 -21
14
94 -33',-51
.11 -55',
-10.1
12 Am Tobacco W
12 Am Tobacco B ... .127i
.. Am Waterw-h.s Gr pf 20
7 Am Woolen 19"4
T Am Woolen pf l
.. Am Writing Paper pt 23
.. Anaconda Copper .t.. 4Si
.. Ann Arber pf 3"
4 Asse Dry Geeda 45
, 0 Atch Tep & Santa Fe. 93li
3 Atch Tep & S F pf . . 8Ha
. . Atlanta Hlr & Atlantic i
.. Atlantic Fruit 2H
.. Atl Outr & W t S 8 2!H
.. Atl Gulf & W 1 S S pf 21 lj ,
2.30 Atlantic Pet 21
Aute Sales Cerp pf. . 14
7 tUMwIn Locomotive . 04
. Rait mere & Ohie .... 31
1 Haltlmera & Ohie pf.. J3
3 Hcthleheni Steel . ... fit
.1 Rethlehem Steel D . 30 !i
8 Bethlehem Steel 8 pflOS
.. Beeth Fisheries 3
Brklvn L'nlen Ohe .. 73
. Brldvn rtapld Tians.. Gi
.. British 11m Steel M
Hr.t 11m Steel 2d pf.. 22ls
10 nurns Bres tl
Burns Bies B w-. . 30
. Butte & Superior Cep. 21"
. . Butterlck '-'
. CnPfemu Petroleum . 14 !
0 C.illfernU P.icklns ... "Ms
10 Canndinu Pacific ....120
. Cit Zinc Lead .... s4
. Cireen lllll Mining. . 11H
. . Central Leather . ... 30
.. Centr.il Leather pf .. 64
. Cerre-dc-Pasco 33
(l Chandler Meters .... 50
2. Chesapeake & Ohie . 34
. Chicago & Alten pf. . . 0',j
. . rill i 11 PI (new) pf 34
Chi & C 111 (new) .. 13',
Chicago & Ct West... Ci
27 ?i
H
21
It
ttH
33 H
51
51
53H
105
73
03
H
22 Vi
11315
28 1 j
21
28 r,
43a
081',
110H
5a
im
29 H
04
3.1
49
.11
0i',
33
13',
5"v
1.1
icji
20
59 '4
1001a
51
30'i
70i
83 U
lai;
2' i
55
88
4t)a
24
38
CO
1H
24100
1000
100
(100
1000
100
.100
100
600
200
,ine
7JI00
1800
tee
400
MOO
400
TOO
200
100
1000
300
noe
coo
400
100
200
tee
TOO
moo
4800
4T00
4801
400
100
noe
100
210
toen
tee
tee
tee
1)00
200
.100
900
1T00
200
300
tee
300
2.100
tee
C300
uoeo
100
400
3003
2000
3300
201
5600
10
me
100
.101
tee
ITiOOO
0T00
3100
1100
tee
200
1300
301
100
SHOO
103
tee
400
3001
200
73
83,
32' 114 -
28': -
I3,
3.
!a
i
21 -
29
43H -
esn-
1I9S, I
53,, .
113,-
29'5-
04 -
31 -
49-i 1
54 li -
0tj -
34 -
13', -
53, -
15
103,
3014 -02',
I
100i; l
51 -30',
-70H
!-83'i-Hl
S!i
5.1 88 I
41', -21
-3
-C6H-211-9'5
H
90H -13Ji
-05i
1
. . Chi & Gr West pr. .
. . fill Mil & St P. . .
. Chi Mil i St 1' pf
r. Chi & Northwestern
7 Chi & Northwest pf.
17H
30 1 J
02 U
toen
51
31
70H
83'
15's
28 1 i
.15
88
42 'j
24
3Mi
661,
2S
D'i
0011
13',
94H
111
32H
031,
SOf.
15',
85,
ins,
.10
113i
. 21 i
02,1
inn
-"a
77',
,100
V
',
'a
s
I'i
4 Chi Mln st P i O .
. Chi 11 U P.ic . . . .
0 Chi H I & Pac 6-V pf
7 Chi It I & Pac 7r0 pf.
Chile Copper
. Clilne Copper
. ("lev mi Cln & St L..
2 Clurtt Peabody pf . .
1 Ceca Cela
. . Colerado Fuel & Iren
3 Colerado & Southern. .
0 I'elum Gas & 1-lcc . .
Celum Graphophene ..
. Cel firaphophene pf .
. Consolidated DIs Ins.
1 Conhelidited Gas . .
. Consolidated Textiles
3 Cern Pieduets IW
7 Cem Products Wet pf.
2,n Cosden & Ce
I Crucible Steel
7 Crucible Steel pf
. Cuban Am Sugar. . .
. Cuban Cane Sugar .
. Cuban Cane Sugar pf
4 Davisen Chemical
0 Del Lack &. Western .
1 Deme MlneB ,
10 r.astnian Kodak .. .
. i:ik Hern Ceal . . .
Kmersen-Brnnttng
s llnd cott-.tehnson .
7 Knillcott-Jehnson pf .
0'i
3a
90a
13-i
0315
111
3l'a
02 " '
80'i
15'i
8'e
10
IS'i
11314
20',
025
IC'i
2',
irn
100
111
32
- 'a
C2'i-80'5-16,
!-
'i-
it; -
49'i -
11314-
21?,
025 -1 25
77', -
ten -S'i
1
. . Hrlc
Ktlc 1st pf
Hrle 2d pf . .
8 Famous Plavrs L . .
10 Fisher Bedv
8 Fisher Bedy of J pf
. . Flsk Rubber
. . Freppert Teja
, . Gasten 1 vn S. Wig
. . General Asp'ialt
(1 General Asphalt pf .
7 General cigar def pf
8 General Electric
. 8-
121,
. 's
. 10',
70',
. 77', 3
. 11'.
13
'.
571,
. no
7",
IP.-
7',
75',
79
12-a i
81', '
70 'r
73', r
77'i I
llja 1
I.I
'a
57 'i 1
90 853, -j-
77
11",
13
''
51'i
90
051;
130 14
9
72 '5
84
35'j
31 'n
70U
0',
45
I
79J5
70),
1114
5'5
H
38
1
3.1
set,
100
141,
66',
25!5
11,
6,1
47
67
13H
2li
It
43
30Ji
0.13,
1361,
'',
723
8.1
3.11,
71
0'a
4'j
ise;; I-
9 -
72'i .
84
3515-
3IW-
71
9'a V
4515
1
80 H !
71
II?,
. . General Moter
(1 Gen Mters deb 6"
7 Gen Meters deb 7-"c .
. . Goedrich B F . . .
4 Great North Ore itfs.
7 Great Northern pf. . . .
.. Guantanamo Sugar ..
. . Gulf State Steel
. H.Vilrshaw V. Cable .
t Haskell & Barker Car
. . Housten Oil
, . Hupp Moteicir ....
. . Hydraulic Steel
. . Indlahem.i Kef
. . Iriip. ration Cen Cep .
Interb Cen Cerp
. , Interb Cen C erp pf .
, Tut April-ill i erp pf. .
r. Hit Harvester new .
; let 11a rv new pf
100
100
500
900
400
400
300
2".00
22J0
noe
100
30.1
100
900
200
300
300
100
4600
6110(1
200
800
300
I
fil'i
71
5;
Pa
3S'i
1
as
31
SO'i
me
i',i
f8
25 ' j
II 'a
0.1
48 y
08
14H
2H
11
43
5!4- 1
3?a-38',-
1
314
33 - 1
Merii
106 !
14', -115,
05 y
48?, -67
-143,-
3H .
11
43
37',.
lilt Mer Maune
0 Int Mer Marin" pf
. . lntemnt Motertruck .
. Iiiti-nintlenal Nickel .
6
Intemat Nickel pr .
International Paper . .
Inter Paper pf stpd. . ,
Invincible Oil Cerp...
Island Oil
Jewel Tea
Jewel Tea pf
Jenes Bres Tea
3800
500 0
4201)
1000
200
100
200
200
Total sales
371,
Kanuaa City Southern
2214
X2H
4D3.700 s,hars, compared, v Ith 530,400 Bha.r3
FOREIGN EXCHANGE NEW YORK COFFEE MARKET
New Yerli. Ian 10 -Oprnlna; quo- New Yerl(, Jan. 10. In tlie absenec
tut K ns for feieijn "nehnnge -l.ev. giuni of ellieiul cables,
c 1
rent in Merlins te VJ
rniiain iron
i In l'.rnzll,
linteicst nt
points in Panisli MdrU- .lievvui u le&b
..I !.. iinlnm. teO-Vlllie .rs;.
Tevvanl ilie rml of tlic- foienion ilioKeffpe futureM
ninrki't was dull anil levver M-rlln
prices were
leeedr-il 3s''
fpnnf let ,!
frei i the niieiiini;. vvlille
What little Ini.vlng interesc there wad
came from n Wall Street houice,
TridlnK in futnns ' milniies iIeiik
tee lurfvv nnd liiniteil llneh te In able
te tulie .idvantiise of the Irena hliith
tlcal position into which coffee wins te
huve vverl.rd Itr-r-lf
points, of tlie f penlni' Rain
nf .". mints. I.ire ni l marks both ie
ceded. Tlie quotatiei , vvrie: Hli-rlinp
p.ili'. I i.'Pt i.iinan.l t.'J'J's", frnne
I rabies S.ril. rim. 1, s V,0 ; lir ibles
1 1 ;i'J. 'Ii'eks II.l'j; maik-i "' i
I The i.remliim en Nev. V'rk funds In
Montien! mdiv vva ti J -11 per cent
'1 he ill-iemit in t ,ini (lien find.H In
I New irti vcif. ." iSl-It'J per cent.
A men-limit lwiipi' nut that the tet.il
vli-lble t-upidv- of lluif-.il coffees in the
Vniteil States h I .:i.'.il.O()0 bajs. of
which pril'llcnH.v lOll.OOO Imp-i n-pie-r-eiit
'he inflei tal.en evir en Dciviiihcr
didiveripH, cni(tr"dl"d ' iinperlant lira
y ceunei liens This leaves but O.'.ll,.
000 bap of fre ruflii- ItrallH for en
t,.,ln, .or, ; MiiiiRiiilan. ,107s.
tire I niteil stales, vhli h Is the -mall-eft
in the pnM iwiiit' wnr? alj this
fCaSJ'll of the vrr.r A. this 1 1 trie lart
jcar the mppt.v a. 1 Si 10 ,001 1 hagf.
uud In normal pn war times often UN
much ii h '.'. Odii. imiii n, ;; (ieii.ihiII l.,-,
I Around iniddnv iIil ei-j niiirki i wi.s
lilieist net mil hai'ieil, Willi trailln;! dull.
iS,.sTf.nl)V M I'lNM. C4l01nn.NH
PUrlln I'rrfnra I.Ira OUIlflerf
iMinanil
I'abtru
I ieimiii'1
.Vl s !'( l'S .in I
I 2'.". s .". t.'JS Si). SO
i.PI-.sJIMI i.l'UTVrtONH
st ei mm rrkmi I.lreUulln"
I -.MS s ,t; i ;i.
i vv. ai 4 aiva n us
M.HIN rjl-ir V I lilN1 . , ,
M r'li b I f ii 1,'rn Julli.i
i j-jt "'i4 i :n
i jr. s ni". i "-'
:,.isis:i; iji-m xnef- ,, ,
,siniiir I rrna I If" t1ul'''.'r"
.if,- , T III Mil i.i
. I -.'IT. Sill'i l.3ta 3U.81
i al.lia
II r II
r- .'J 70
V.S ?.".0
h ;it r,s
h joys;
nema nd
i abli f
J,.i
r. I.
Vlur. li
A pi II
.VUv . .
I ii i i ii 'I
( ablan
June.
Jiilv
An;
tent .
Oct
Nev,
Uei-. . i
Jl.a.
BAR SILVER
bar (Per na unchaneed in
ut (I9s.r peif nn ounce; forelcn,
rr
Verlr tixlus
8.3.!
;.. - .... It... In liinden ine prive ! -
eliBnuea at 35'Aa.
Today's
Clere
7
36
Pales
1100
J500
100
20
3900
3000
400
700
700
10)
100
300
1400
100
167
tee
300
2700
200
Lew
U
314
7K
01
2H
Ufa
119'
44
108
9!4
109 ,
Mi
7215
57)4
ni
33
34
3!5
38
2HS
2034
2215
103
10694
26! 4
11H
2Sli
n
8
2514
16
41
6614
121
1915
127(5
31
108
3J4
5IJ4
72 34
m
06 14
?i
3814
74 14
II
215
DIV. , '
In y lllxh
.. Kansas & Gulf 7
.. Kelly-Spr'nuflelel Tire 36
6 Kelly-Bpj Tire 6 pf 74 K
8 Kelly-BpB Tire 8 pf
.. Kennccelt Copper .... 26li
.. Kaystone T & U .... 17 94
6 Kreeg-e 8 3 HO
. . Lackawanna Steel . . . t
3.50 Lehigh Valley M
7 Llrgett & Mers pf...l08
1 Left Candy !i
7 I-oulsvllle & Nash.... 10
.. Maclntyre P Mines.. 2li
Mackny Ces "4
4 Mackay Ce pf 7Ja
7 Mnlllnsen & Ce pf... 'i
. . Manatl Suitar 3
1.78 Mfuihnt Shirt "a
. . Market St Ilwy '14
. . Market St Ily pr pf . . MJa
. Marlln Oil li
2 Martin Parry 21
.. Math Alkali "ityi
74W
01 -f-
i
17i
lte
454
68 198
ejt
110 .
2l'a
714 6714-621',4-33
-314
. JIS
' 3M
2514
21 !-
600
700
200
500
300
19200
209
6500
9100
1700
2S00
009
1100
2100
300
3100
200
100
2000
100
tee
200
090
900
100
500
300
2600
200
1300
109
tee
2301
4500
1203
300
tee
5000
600
1000
2000
900
200
700
000
800
100
109
400
200
2400
500
1800
300
2100
100
700
3200
400
200
400
2100
1400
100
2215
104
10814-"
2615-
1114
2)i-
8 -
26i4 :
I6!i-
44H
6815
1234-
1934 .
127(4 -3114-
198
314
12J4-
8 May Dept Stores 10
12 Mexican Petroleum ..10814
2 Miami Copper 2!4
.20 M'ddle atntea Cerp... m
.. Mldvale Steel .....'.. 2U
.. Me Kansas & Texas.. V
.. Me Kan & Tex (wl).. Mi
.. Me Kan R. T (wl) pf. 2i
.. Missouri Pacific Kli
.. Me Pacific pf fci
3 Mentana Power U
. . Montgomery Ward ... 13
.. Mulllns Bedy !
7 National Biscuit ....127'4
6 Nat Knnm A St 31 Ji
7 National Lead pf 1"
. . Nnt II II of Mcx 2d pf 314
0 N O Tex & Mcx S1J4
5 New Yerk Central .. 73H
.. New Yerk N H & II.. 13 J4
7 Norfolk & Western... li
3 North American ctfs.. 48
3 N American pf ctfa.. 38J5
7 Northern Pacific .... 74!i
.. Ohie Bedy & Blewer., llli
.. Okla Pred Ref 25
2 Owens Bettllnc 20
.. Pacific Devcl Cerp... Sta
3 Pacific Oil 443,
6 Pan-Amer Petrel .... 49H
6 Pan-Amer U 44?
.. Panhandle 9'5
8 Punhaiulle pf . . 73
2 Pennsylvania It It ... 34
.. Penn Seaboard Steel, i
B PceplcH tlas Chlcige . (II 'a
.. Perc Marejuette t9'i
3 Philadelphia Ce 33
2 Phillips Pet 28)5
.. Plercc-Arrew Moter .. 1
.. Plercc-Arrew Met pf.. 32B
.. Plerci Oil 103,
8 Pierce Oil pf W
6 Pitts Ceal 6215
.. Pitta & West Va.. .. 23J4
.. Pressed Steel Car.... 63
.. Producers Refiners .. 2514
4 Pub Service of N J.. D8U
8 Pullman 109
.. Punta Alegrc Sugar.. 32'
2 Pure O'.l 31
8 Railway steel Spring. 943;
.. Ray Cen Copper I4'5
A Reading 713,
2 Reading 1st pf "'i
2 Reading 2d uf 3114
0015
474 -
3914
74J4 I
II -
215
20 -I
8 14
S!a
41?4
49
41
9
73
3334
0
61
19
33',
2814
1314
33
1tU
683,
635
23J4
03
3i
67
108
iff,
4914
4?i 9 -73
!
33'i
0J4
l I
I
28 14 -I34
3214 I
4 I
23 ?4 -63
-2H4-6834
108 li
32 V
344
943J 14H-7134-
7
50J5-
',2
' 1
4
H
2 I
li I
1; !
3234
34 li
943
1414
7114
4014
5014
24 '4
26 li
"51 J5
715
50 U
20 H
-.'0!5
3254
H5
21
3?,
'a
62! a
92
20
38
183,
78',,
17 li
46
91 ?4
170
111
36
80
101
3',
W
93,
42 li
25
23 li
330
40
101',
6II3
03,
09
18!i
125
7t'i
25
10314
71'i
120! a
1
.11 '4
16',
60
H
37 H
353
513;
09 li
8214
us',
6114
I0'4
30 U
28
87
eii
(i'i
193,
I II 14
73
83,
1.1 1 5
51 j 4
9;) 3;
1914
6',i
30
ft
I lli
5',
. . Remington Typewriter 2j
Replogle Steel
28U
28(4
5194-
715-1
fit r
20-2015-33
1IA-
24
Vi-4'i-
6!J4 -
92 -
2014
38 -
19 -
7815
173, -
4015 V
92!i
171
it4',; ;
36 -
803;
101
3J4
5'5 r
03,-
42J4
25 24 1-
Republic Iren & Steel
5234
715
51
2034
2015
Republic Meters
1100 5.20 Royal Dutch Amcr..
noe
St Iiu's San Frana.
1100
400
300
200
800
100
1200
300
2400
301
510.1
2803
1801
3110
1000
300
(00
201
10700
100
603
400
700
1110(1
310
2303
27
6800
1500
1700
2501
100
1700
900
400
100
200
100
1100
500
3100
101
100
2100
1200
100
1800
601
7100
I'lO
1100
400
2.100
101
inn
tee
300
900
100
800
.100
100
joe
100
1100
100
oeo
1200
700
800
310
300
, .100
I 200
500
200
St Ixmls S W
. . St Leuis Southwest! pf 33
.. Santa Cecelia Sugar.. 1'5
.. Saxen Moter 2"-,
.. Seaboard Air Line. .. . 2J,
.. Seaboard Air Line pf. 4'j
. . Keurs-Reebuck 63
7 Sear's. Roebuck Pf .... 02
. Seneca Cep Cerp 20J4
71 Shell Tranepert Site
.. Hluclulr Oil 19'a
0 Southern Paclllc .... 78 15
.. Southern llall 1714
. . Southern Rail pf. . . 464
4 Standard Oil of C.U.. 9215
5 StumlurO Oil of N J.. 171
1 Stand Oil of N J pf..H4',i
. Strembcrg Carb 36
7 Studebaker 80JJ
7 Studebaker pf 101
.. Submarine Beat Cerp. 4
.. Superior Oil Cerp ... 5'5
Tenn Cep &. Cliem. ... 9'4
3 TenB Ce 42J4
. Texas 4: Pacific 25
t Texas & Pac C & O.. 21
Teas Pac Land Trust330
2' j Tex Gulf Sulphur.... 41
14
ti
I'i
!5
la
?a
f
li
'a I
Hi I
310
. Third Ave
1794
62'5
10 IJ
60
19
125 H
72
35
Tobacco Products .
Tranreen OH
8 Union Bag & Paper
Union Oil
10 Union Pacific
t Union Paclllc pf. .,
United Alley Steel.
"4
?1
I'i
7 Unit Cigar Sterca pf,.103(J
. . United lTiig 7115
8 United Fruit 171 li
.. United Rwy Invest pf 21 (i
6 United Retail Stores.. S'
. . II S C I P, & Fdy 10',
5 U S C 1 I' Fdy pf.. 60
. . U S Feed Products... 9t,
U S Bid Alcohol 3814
..US Realty & Imp... 50Jj
, U S Rubber 521,
8 U S Rubber 1st pf. ... 09(5
.1 IJ S Steel 'a
7 U S Sleel pf H54
3 Utah Copper 03
.. Utah Sec II
Vanadium erp 31
Va-Car Chemlci! .... M
0 Vu Iren Ceal t Coke. 87
Yivadeu Inc 614
Wubash H
. Wabash pf A 19?i
1 Weber & Hellbrener.. 1115
:.,10 Welts Fiuge nxprcba. 73J4
.. Western Maryland .. 8?a
Western Pacific 10
6 Western Pacific pf . . . 52J,
1 WpHtlnghotibe a Brake 9.1?,
I tutlnghetise H ft M. 50
Wheeling & L C OH
I White Moter 37
. Whlte Oil Cerp t'i
Wick Spene Steel Cern HJa
1?; !
;
5a
v;
Willi a. overland 5U
Wlll.vB-everlund pf .. 29 Jj
. Wllben S. Ce 28
7 Wllnen iUpf 68
. . Wisconsin Central ... tS
8 Woelvvorth F W 139J4
7 Woolworth V W pf,..118
i Worthlngten Pump . . 1
0 Werth Pump pf B . . . 65?,
27
27 '
t6
25
139 J5
118
44
054
tee
100
''
n
i: dlvHend
Thus far till a neck, 1,010,100 ahares,
ycslcrdas.
LONDON STOCK MARKET
evv.uk tn tlie Imllilnj
Oil Greup Flabby Light Buying of
Heme Ralls Kaffirs Heavy
Londen, Jan. 10. While the icellns
throughout the city remained cenfi-
there was n vcr.v lmiitcd
tlie opening of the leeul
market tins morning anil
unchanged te 1 point higher
ueur, leuu.v. ir;i in life- in ijecurillcs con- Voiien
tinned small. 'I he murketn were steady Jy,,
in the main. The oil croup was neg-
lecteu mm tiaenier. ne.vai Hutch miih
Oll'i Khell, Transport mid Trading I's
nnd Mexican Kagle .'1 0-10. The cllt-
edKOil I IcL (.hewed lirmnt-s- in
i'rcneh leana were Htihtiilncd
able ihIvIceh from Paris.
'I here was light bii.ving e
ISO illtelfst WaH OVIIll'Ol 111
r-enptiens, which were dull. Argentine
rails wcre.ijijlet. but binder Thu be
ginning of tim strike at the It.iud ln.nh
Kaflirs heavv. Itubber i buret were
hteadier in r.vmputb.v w-lth tlie sl.iplc.
J nere .vine inoueraie purcnilMtig of
Industrials, IIudsen'H Ilaj
Liverpool Cotten
I.hf.rfsil. J'. 1" nn..',"
ib done In fput niiuii in)..
stfallv ,n thr hnM nf a ' i ill ,
rr.r in ddllna. nl Hii'H II,
fciuii) l.lea. The r.-ih.'H r.
Of Mhlill 1100 hle ill. n, rlOM.,
1 .
( lime
s Vl
wern iiill in In i ii ii a.
uri;' AiimrUini iiih.i, ii f,,
s ,j
is ,',;
s it.'
is ,M
ml, hi hu 1 f
s .,:,
S I.I
S ft-J
"i '"" J." I I I' 4
II
di'ns- II 0!i,i
dlnaii. s r.O.J
.e iiiki.i. j .
ane iiiiln , , ;
s ,iu t
IS II
S ,111
IS 111
is .17
tK V.
in at
S 1.. I
H.fltl
Prices Improve en Paris
s .TJ
8 as
s
Purls, 'en tO P 1 . improved .,n t e
lieuini. tHU Tne ,r -tj.t rent a 3
tiHiuH tft ee-itlmee .ilnij' nn Londen 60
Irantv hit .entlm h ft nor mm l.m la .... "
s ;,e
S 3-,
R.ni
8.r,2 8.3:
U,33
K.33 -je jwntlmea. The Oellar was
tN4mlnal, tTradc,
iranca i'y veniimcs
BROADER INUUIKY
Net
Clue,
FOR AW MS
Pennsylvanla Firm in Face of
Softneo3 of the Rail
road Greup
The broader dealings nnd strength of
tlic Amerlcnn Ilnllways Company lwues
upplled one of the tiierc noticeable dc dc
velepnietitH nltcndlng the dn.vV opera-
Muni In (tin tnent tnnrt-et. The plinrC
!4
2H
-14
1
215
14
l
!i
-14
hove been derninnt for home time nml-j
npparce'ly tlfe ivlilenlng Inquiry ii
partly due te the appreciation of the
successful effort of the management In
guiding the properly wifely through the
brenkerH during the Inst few trouble treuble trouble
fcenie j ears encountered by nil the
ceuiitr.v'a utility enterprises. The re
cent statement of earnlugB Rhewed what
H
H
M
14
lind been iiccempllshrd In the way 01
rutting down the eperntlng cnts nnd
brluglng the property beck again te n
singe where some return con be made
H
ii
14
li
li
"l4
IK
nt nn curly dale te the patient snare
holders. The common FCered n furthrr
Advance te O-ii. while the preferred ns
raised 2 points e 27-Tt . , .
Continued linnness of rennsjlvenin
Uullread In face of the nefttiess of the
oilier rails entne In for nttentlen. Odd Odd
let buying of material proportions kept
the price firm nt f!4 nnd for the first
time in many weeks fleer traders re
ported It was much easier te tell than
buy tbe stock.
A wider Inquiry was likewise noted
for the Phllndclphln Electric Issues with
fractional advances in both the com
mon and preferred. I'. 15. I. was well
nl-en nf .'1ST' lit (lie nreferrcd shaded
te ri0-!i en small offerings. Ietrlc
Storage llnttery was off -li en light
sales. American Stercn was heavy and
jiclded 2 points. I-ake Superior w a?
1
up v, tit 7, en reports of better oui eui
nefs for Hie steel plant. Philadelphia
Ituplii Transit and Phlhidelphln Trac
tion were each '4 better. West Jersey
und Seashore moved tin le 31.
The local business Nituallen came in
for widespread discussion nt the bank
(Hrcoters' meetings fuduj and generally
cutlsfacter.v progress was reported le
be itniuY In the working eui ei iui iui
prebleins of business leans. Heperts
concerning tbe outlook were net quite
se favorable ns hoped fei. ami there
was sonic feur cnres-ed of Hie iies-
1
!a lability of the stagnation beoetnlug even
mere, "nronetineeil In certain lilies dur
3?i
ing the lirst months of the ealcndati
year. This condition, however, it wus
stated, was likely te change ever night,
11s it wns prompted te n large degree
by reason of the Inability te read the
Immediate future, und cenlllcling ele
ments which unexpectedly have been
Injected into the situation.
l?4
14
14
14
14
Philadelphia Stocks
Net
HlEh I.e v Cleso chse
500 Am Sirs.. SiP j N. t -'
M AmS & C 7 T ' - U
7 Am CJtis.. uO eO eO 1
IS.' Am Uvvys tlJ, " l'!lilJ-
CW de pn-f... lii-li -I'm ,-,7,-;-r--'t
lOlJIec Ster.1'5 121!' rj'-"s 2
r.sin Ce N a :;2 :w r.s, .. ,
Jl0 Lake Sup. "' " i'f, "1
.'JOOt.M Sta Oil I'J HTs 12 -(-,
s:.7 Pa n n.. :ii :ki!,i Wj.. .
:;e Phiia Ce.. :::'. :t :i '-.
.".Ill Phila nice IM'', '-'I 21 ..
112 de pref., 27ai 27' '-'i". 'i
I (.-! P K T... 1lt 1'i 1!' !,i
1C0 Phil Tract (HI mi'i CO "
1-tpitts c pf i:i it:: 11:1 ..
1 .lOtSeuth Pac 7S- 7S-U 7; is
2(K)Tone Ucl 1 jVi l-'a li's-H A
12.-. Un Trac. IHN .".4 :4 ..
L'OOTJ 0 I.... ::ST8 '"St; :ists..
0(1 de pref.. 51 C0a'i 51 ..
lOOtWhcellng
& I, :. O-'i O.1. i:,i..
IC2WJer,VS ".I'j ".0's .11 -..-(-1
1 .-.OYerk Itwj 0 li 0 15.
Ill de pref.. U'-"', .".2'4 .".2ii4- 'i
14
l!i
!4
!a
35
J 14
i'.
403; j
163, -82''-10
" '
09 -18
U
l-'5!4 ,
72
25
10514 I
71)5 I-
121 -i
21 ;
52
I6'j
50 8T4-
3834 4-
56 1. -
52?, 1
09 lb
S1J4 I-
115?,
'r
1014-
31 I
VH -
87. -
614-
0'
1934
ie?4-7-
S'i
16
571,4
0.1 a -
1rt change nmil( by enmnarlaen with UK
dale en New Yerk Mik-I Enclmnse.
. I.tiul i.uIi.h (117m Mlinrra. reinnnrpti vtKIi
a 1 IJL' sliari'i) ctrnJu Tlius fur Ihla we k.
13 seu eliarre
I'ltll.ADf.l.llllA nOMI.S
100 Libert v let I'Ih'17 07.51
IllOO Liberty 1ft -Pin M7 1)7.0(1
100(10 Llherti 2d I',h M2 07. CO
it JIMI M.KTl.V -U f 1 ' i' .J"
a,.i (i iai 1 . tti li" lil
' ilfLAO f lkA.l. '1,1 .1 I . u i'i 1vIm (17 .!
07.84
?4 I
J'.O Ubert.v
.1 l'.a 'LN
l&iOO Liberty
HMXl Libei t
1 10(10 l.ibi'rt.v
r.0() Llbnrt.v
(100 Libert
HKMI Liberty
1000 Liberty
1 100 Liberty
1 1.-.0 Violerv
.'Id -Kr 'SS..
I!.) li,n 'US..
lib 41.H '::s.
t7.0(i
07.00 1
07. 40 I
07. r.n I
07. .VJ,
07.. r.lt i
07.72
07.70,
00. OS
111! I'll -.
Itll P',H
Itll -P'.H
lib P',S
-Itll P4t.
'.'IS.
:;s.
'.'IS.
ns.
l.s '2:1..
27000 Vlrtery
lets. 100.01 1
, ... SI ... '
WiOO A mer (n ec Lleo
7001) Anier Ous & le 5s.. lets
'J0O0 i:ieetrc A. I'ee in lets
1000 Ko.vMene Tele Utj.'x....
."000 Lelilsli Vlllley grn -I'.jn..
.".000 I'bllnrlrlplila t'e ceiih Tih..
.".oeo l'biiii nicctric nt 5..ieti
.".00 I'blln Llretric lit 'ti
'J000 I'blln l'.lectriu 1st r.s..lets
".OtiO I'liiln Lleetrie Ut ."s..lets
1000 I'liiln rirctrle (Is leta
JiOO I'blln Klectrlc lis
1000 l'liilu r.lerlric (U
tiOOO I'nlied ItnllvvH.vs r.s..ets
SI I
O'J'i
7'-"..
Ml
MP..1
'.'7i ,
0.". I
01
ei4;
UW'U
1007H
1001.'.
14
'.I
V
'4
I3U-
!!-
37
9
l'il
ii
29 J j U
2S
60 -25
,
13915
118 44 -
6534
70
leiii tr.-it 000 iijinp.-irnl itlv fsun inn
jetlfnlav. Thua f'n i'Uh c-k, $1123,150.
1
4
MONEY-LENDING RATES
MAN MIRK -Call ninnf wcili li'jli
a'A , low. '1. rullnu- r.ile. jji, j clnainir bid
L"i . ultertd M.t a, lint leun, 3 1 01 cent.
T lir ilntligri Ill tl) tlme muii v Mtuatlnu
(erlay j. further if-noi-teii In llifi ropnonr repnonr ropnenr
ani e of a.ivlncH bunkn an buier. of prlmi
tanli i.ci-erfvnrej Tha supply e.' I.il'a wan
crily fair, as tht-re aru but few new tili
reinlriK out Qucilntlftna up te air month'
maturity uru 1 ' icr tent bid, 1 per tent of
fered Prime mercantile paper wns moderately oe.
tlvn ut th new low level of t lie,', per cent
with ueme vnccptlunal transactluna at C't
per cent
SI
a
!j
i'iiii..Mi.i.rin.
Cjll, r.'j fl pr rent.
llipfi i"i rir il pn ct
tlirej t j six n emhs,
nr, reniliifrcl.il paper
S'l W'l per Lnt.
BANK CLEARINGS
r.anlt Ir f, rl iih led.tv rnmniriil v.iil, .
trfpendlns dtf lust two vea-u: i
ll'S'J 1021 ln-jn '
Phiia . c:. enn oeo j7i Trj.nnu ish. me isi
Ien .it 0QQ 001) .tT.sSH.III I S...1H4 :j
vit .787 noe noe sti li.s.vhn l.es-.'.iai ..en
as" . fs aoe oeo kc.h.'e.mi I3:,,iut,jsi
Reserve Banks' Discount Rates I
Otflrlnl redlai-ni.nt ralea at the lu.l. v.,,i. ,
i i n...... , ,....1 -.... ".." - - --
mieis .m.l i
rml ii,BCi,n iiiirnn mn hs llillP.b
Trr-ns.
l.v f.iver. I
Mb.
t'em I UKrn.
ctrs
"
. 4'i
. ft
. f.
bunds.
4 V
'i
r.
pa I lr. anept
, I.estnii
I New Vnrit
4i
I"
home rails, il'hiiadflnhu
4's
I',
1 '-I
ft
ft
r,
llnll.lr lr. ' ' Ifiemri I
rtkhHiend . ..
Atlaiitu .. ..
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fcl. leule .
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Dalian
u I'ranclacn
i
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ft
r-sv
r.
r.
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ft
S'8
wiit Tis
Hlne Quits First National, New Yerk
New nrk. Jan 10 franc-Is I. Milne le '
dav resienel ni pretljeni of the Tlrst
Natlmisl Haul .n i.f tht, lsrtr,i banke p
th I'limlrj Tbl bank It Known in tlnan-
iil in leu n u 'Morann lank" Uraurn ,
if lis il.is r latlena vilih J P Mermi,
fi n ,!mlfii. 13 Itn m irti. n fnrnivr vi .
liesllent u ih mn preii it and Vr
III if inn ..ini-il a fha'inmn of Hi 3ve. u
II,. ( nuiiuli fi (,..eis( - llakfi ir ,
r . it d i ''iruin of Hi kiiil Ulr.-i.iu-H '
Jt .,, ,,
Mill) prli en
f ,i ..eImIh
.,., ,
-,tieii hales
I'lltjisa
s, , , ,
I I 4H.I. cnn.l
II tld nil.)
. i uud r.
iiij.
Huntingdon &. Bread Tep Dividend I
Tl. Hunt ngilen nr.d llreail Ten Jlou itatu I
Rikilrrnd ininpaij baa d dr d n emi nn I
uual Jlvlileml If I ir einl pajable I'i I.
ruary I". in nr it nf i..nrd I'ebruary 1
Earnlllfis ' r. '! ' I ' "'"t en the Drelerj-erf
Bourse
guite.l at 12
kteilt l.nel Ju i I lire i.i waa daelared.
and in lanu.ry lu.'l li4 ,. r Ctnt. miTlilnii
S'i per uni laat vcar
Receiver's Sale of ''
Lincoln Moter Company
Pursuant te order of the United States District
Court, all properties of the Lincoln Moter Com
pany, a Delaware corporation, will be sold at
Public Auction te the highest bidder at the
Company's plant, Detroit, Michigan, en Feb
ruary 4, 1922, at 9:00 o'clock in the forenoon,
Central Standard Time, by W. S. Sayres, Jr.,
Special Master.
The property offered will include all real
estate, buildings, and persenaL property, wher
ever situate, excepting cash, free and( clear of
mortgage and taxes, but subject te rights and
liens of venders under land contracts, drafts,
ct cetera.
The property will be offered only in one
parcel and as an entirety.
Bidders will be required te deposit, at least
twenty-four hours in advance of the sale,
$250,000.00 in cash, or $500,000.00 principal
of approved claims against the Lincoln Moter
Company.
Ne bid of less than $8,000,000.00, which is
the upset price fixed by the United States
District Court, will be accepted.
Purchasers are required te assume all out
' standing cemmittments of the receiver.
Upen confirmation of the sale, the purchaser
shall make such further cash payments as are
directed by the Court.
The business is being conducted by the re
ceiver, and will be sold as a going concern. Full
details of the property te be offered and of
the Order for sale will be furnished en appli appli
cutien tb the undersigned, receiver.
DETROIT TRUST COMPANY, Receiver
LINCOLN MOTOR COMPANY
The Remedy
that will end the
.Bucket Shep Evil
By Richard D. Wyckoff
Mr. Wjckeff Rives the remedy in the January 7th issue of
THE MAGAZINE OF WALL STREET. He does net tern tern
periic or hedge. Me gives the most effective and fearless cure
of the evils of Bucket Shopping as exposed by "The Owl in
THE MAGAZINE OF WALL STREET In the four preced
inc issues. It will set the Buckcteer en the run It will save the
public millions of dollars annually. It is net a mere palliative
but one of the strongest remedies.
Yeu, who have money at stake. Be sure te READ IT.
Get the January 7th Issue
without fail at the nevvjitanda. Yeu really mu( have it.
0icr Meney-Making or Saving Articles in this Issue
Securities That Are High Enough
Tomerrow'i Dividend Payers
Point for Income Builders
Margins Their tiirs Their values
Their dangers
Securities in the Public Eye Analyzed in this Issue
rierce-Arrew Tennaylvanla Railroad Baldwin Locomotive
Utah Copper Radie Corporation of Araarlcan Car A
Fameua Playcra America Foundry
Babcock A Wilcox Hudaen 4 Manhattan Tullman-Haakall
llouiten Oil American Locematlva Merger
Lunc Island R, R, Howe Sound Treaaed Steel Car
Gel the January 7th issue at the nntitandt
iJc.acepy, or ifyeurnemsdealer it told out, tend
ut fl.00 for thutuiuand three felUraint iiiuis.
LIMITED TRIAL OFFLR
I he Matmine of Wall Street,
44 Breaday, New Yerk City.
Send me tlie nrM threr Imucs, for which X enclose $1.00. It is under under under
aloed l am te receive TREE a copy of the issue of January 7, 192?.
Name ,.......,..
Address ,. .. ..
An Endorser for
Every 1922 Debter
Hew would you like te have such a factor in your bu
tiiess throughout the entire New Year? Well, that
just what the American's Policies of Credit Insurance
v ill de for you. '
These policies (there's a form exactly suited te your
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btare your business New Year right investigate the
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Payments ta Policy holders ever $10,000,000.00
7e AMERICAN CREDIT-INDEMNITY CO.
or NEW YORK E.M. TREAT, president
UbUti blAriDAHO UNLIMITLD COUCIBa
W. J. Merphy, Manager
J. F. MacFaddcn, General Agent
1011 CHESTNUT ST.
Pinn- P.7.- Cent ni .11 11 I .'
1 im . wVa ruiiBaeipnia "
'
- - 1' :
1
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