i W n 'ji ri , ' r; If ff Wk J lwlmf? I war i; i , r,fr" '- t , i i I,,,. EYJStflNG PUBLIC LEDGfBRI'JBLILADEliPHIA, TttSSfillT, JANUARY 17, 1922 CUBAN Treasury 6s, 1929 ' Treasury '5s, 931 Telephone Ss, 1951 BRAZILIAN GOV'T Sterling Issues 4s, 1889-1910 V3s, 1883-1888 5s, 1895-1903-1908-1913 Railway Rcsc. 4s. 1900 GRAND TRUNK PACIFIC 3s & 4s of 1962 4s. 1955 Branch Line 4s. 1939 Canada Atlantic 4s, 1955 Cassel, $unes & CD. Membrra .V V. St-M': Kxcrangc 60 Broadway New Yerk Telephone Rowling Green 3111 MARKET CAME BACK Province of Ontario Guaranteed Bends ' Due Aug. 1. 1957 I'rliK'Ip-il ii nl liiterr! I'.Oilblr In New urk These hends are issued hy the Hydro' Electric Power Commission of Ontario and guaranteed both as te principal and interest by the Government of the Province. Price 76 and interest yielding e.r.''( il'nyre-nt In I'nlt-il Mute, lunil.i JJVt'r for Bend Lift P-ll." Weed, Gun dy& Ce. U Wall Street. New Yerk Terente Londen, tne. Alnnlpf? Montreal The Copper Stocks Next? u .it,, , ;,t. - it (ill COUll- .. i. .'i . . We f r fiee dli Cepj'er t; .' ,, I Brea "Iihmi'ic .. ii try i'"i-"i'ut , . i , i r iIkiii ii -jl,s..ir"l hae Ju-t ptnv.iri-d tribute u te Im ef.i rs anl t-aiI-13 an c 'lauMivc "Survey of the Ceppsr Industry and the Copper Stocks" Tl m Survey tjives the reasons for two upward inevementu new 'under way 'n the copper shares, und treats of a lxjsMble merger of a half dozen companies". It also reviews ami iliscnises the future possibilities of the following cem-jiaules. Konnecett Miami Nevada Ray Seneca Anaconda Chile Chine Cerre d-s P Inspiration Utah Write or fall for Survey Se. i ,e J uttp BarBsIiirr, J, STOCKS & BONDS 3d & Walnut St., Philadelphia, Pa. 509 Federal St., Camden, N. J. In IiUHlness e e delph'-i? d i v cei'ter I-as'it.t V. r l'J urs In Pbi t u v. , r.B,n iac nl STRONG AT CLOSE Vigorous Buying in Last Heur Caught Short Interest Off Its Guard New Yurie, Jan. 17. Today's ateelc imnr&ct enre another convincing demon ! stratlen of Its Inherent strenctli, espe cially In the Inst hour of trailing, when jthe whole list came back with a strllt llnir degree of nnlmatlen. It was mere jstriklnv becntiic of the earlier bluifjtUh character of the trading and the Indo lent movement of prices. Contrasted I with M)tne of the recent lively pensions the early dealliiRH were exceedingly Hat. 'Apart from a few specialties price eliniiccs were unimportant, luul-in the 'prater pint of list merely a jtiKRlllif of' ifractlens. The Koberini- effect of yes-, terilayN unexpeeted flurry In call money I was still netlcable. The traders en the t Ien; side hIke were net eneeuracetl by the 4 per cent renewal rate, the hleh- et Initial quotation for the year. The , list, however, lest little ground, and ' i toward mlil-dny developed distinct i hardening tendency, followed in the later trading by a resumption of vlg-1 ereus buying pretty well a'eng the whole line, nnd which npparcntly tool; thej short Interest off their guard. I The uncertainty arising from yester J day's sudden rise of call money wus i reflected in the renfllrtlnc; price ctmnKf. rivenlrrl ut the opening, and It was orl erl dent the market was drifting into u narrow trading area. What little ao ae ' tlvlty and strengtli developed was en ' tlrcly lenlinfil te uteeks controlled by I 'pe-N nnd well-known speculative cer.i- ; blnatlens. Of the better-knewn Issues Studebaker and Industrial Alcohol were tnet prominent, with several tobacco and meter specialties. Stocks of the express companies also assumed un 1 usual nctlvltj , with 'Wells Pargo, American nnd Adams Express advanc ing '2 te .",, points. In the jrrnrriil list little heai'va) wn i Made in el her direction during r!i i.u'rnins. Prices braced t'.i a bit after ' I the w ibe'In' eivnlnc but foferc raid- i iiiij ncd off ifnln fiinn idme"; sheer iiicrrin. The enuchusr.ess v ', piiriiy lie eur.'-vl for by icoen if lirlclin'.te r juris p.n.wrnlnj the (Ininelnl position of a fernir very premitient luarket In terest, and which, it was believed, ex jlnlneil the eonNpieueitM heaviness of, several prominent lssue3 in the pre- , u-dlng Jajs. Nothing tcnglblc con- ' cernlng thin trouble was obtainable, i but It eamc from such a usually highly ' teliab'e source as te command mere ' i than paislng attention. I The quick side of the Southern Kail 'nv bemls filled te stimulate fresh In ti'iest in the railroad treup. and outside ef tlie L,sj-'.eInt rise in I.euIi.ille ami' Nf.'lille, tliis division was j raetlciillv ii i t'iml"N, net fheuins a es;!i:e of r, i u . iTj-y i.f vterd.iy, r.r.J S.ifr In. tin the 'tnii:i!i f the rcj.irti.i viMtest for control, (Julf Slnii.. Steri was ugain. pci-slstcntlj bough:, add ing lt points te yesterda; 'n ndvuncc of ii it .! tmlnts. On the ether hand, (.Vi i iie was miib-r further jircwtre. The Independent steels, excepting Crucible nnd 1-nrkawanna Steel, de- eloped fresh strength in the after- , neon under the leadership of (iulf , .States Steel. The general market broadened te some extent In the final hour en the strength disp1a-d by the r-'ills. csjieelally Louisville und Nash i ville. A Up. m ic Coast Line, trans- continentals and the cealers. J tmiary 1933 Investors Pocket Manual contains latest statistical In formation, al9 high ur.d low prices for the entire year ci 19il, en all Issues listed en the New Yerk. Clilcnire. PhlUdtl phla, Bosten and Pittsburgh Stock Exchanges, New Veri Curb nnd ether leading ex char, a es throughout the Unlf-d States tepjr itnt h'tlZL na rf4nl sk fi.r ! A -.'" "1u'e) Idiieut Obligation" S-S-RuskayS Ce. CSTAHUSt'CO t87 j-.r v. ni ifttJ fci Tic h rJ . Y 1303 WALNUT VT. PIULADr.l.PmAJA. WimYevm Piiii4.m flote BtWJsVinwr Cukmjs Cartel P'lVlf fcsv CS " Commodity Markets GRAIN MARKET f hltage, Jan. 17. There was a ? .iv mnrkt in wheat today. After fall- ire te respond te the sales of mere linn .'1.000.000 bushels of seed wheat te Itussian relief, locals turned bearish j mil sold en the bulges, covering en very little dip. Milling demand was1 1 iiederitc, with sales of S000 bushels re- ! jrted. Pxjiert demand was flnt. Por Per in news was bearish. (lerinany )i"ic!it r.irly 2.f(00,000 busln-ls of Ar :''nllne ulieat Od cluaper than ini-t pur- ' h.i e, It",-iMpts v ere heavy. ( irn iicteil Kiuuburn. selling of .a -h rt .ii '.pik.ns pre.ssuu, !'Ut , Ulverr ivciejeJ en the dip. Offer ings te arrive were light, but consign ment iiuMci-s, j articular from Iowa, .bowed a liberal Increase. Cash d!s 'utints were narrower. At the decline, in cash, sdiiie corn was tu'een by ex if rtrrs. Shipping sales were U",000 .bushels. Including L'.'.OOO buuhels te ex- I i nerters. " i Wheat Maj- .... Jul! Cem .May Ju.y . . . . e.iis Jlny Ju..- 1-i'U !.inuur i..-.i-: Mir !l ... . l'.ll,"--Jui Liirv Ojn, High Tew c-.ekw. i.i i yt !.iivt :.i,,-t Lu-i l.Wls l.(l0la .9H, 1 i1 .a2,si .:.nn .r,2H 13 ,04i ,S4't ,C4f, ,'.Vt ..JSW .SRS ,3si, SS 1 : 1 j :s..; fi.57 P.iJ 'j.Xi 0. 12 no i.BT u t; u.ijj 1 Tfi S.l." S ,-,S llAMihB1 Dealers in Investment Securities iJCflll't'S Svw lutli U i'l iJl liuutftp AJ 3tec Exchan-jti 32X ChestnuS St., Philadelphia We otter a Selected tut at Municipal, Railroad and Corporation Bands We are prepared te purchase teund Msues of Corporation lienat which have an established record of "arninyt STROUD & CO. 1n Ui.,s St , Philadetnhir. 43 Exchnnge Place, New Yerk COTTON MARKET Nf." Yerli. .Ian. I". Wtakcr f..b!cn .ni, I u le iiii" in bar sib, n- Imd 11 de- , Iire'(.iiig efff" t en the cotton market tins morning tuid juirti) cxjilati.cu u Imp of 10 te 111 jieints in first jirlce', , hi re Tr.ule Interests and room slifrl't ' 'M ri- about the en!; b'.yrs and their 'imimis were siippiled by Se ilhern, ' Liverpool, Wall street und Japanese itTerliigs Wenkrii-fs ctintlntied after tl,c -tart uinl jiiifs lntvi" de'linvd about li iei,.ts uniliT j 'sfertiny's tleft. Hnl 11 initici- .!i- Is- ,m1 ii.:- miunlr.B. Thi' innrkft at in!ddi-y v.ns void of ni".', development., if .my kind and no ! irther sales had be", twtiic. Hid pri 1 iith about - ieiiiij a'.eve Initial lig-ii.- . 'I". " "ir'j afternoon m:.r!;et il'.s.jh.ye.l cen-iileriibb Ktn-ngtii en New Orleui b'l.tlng, Um al nii'l Wf.H Str't c.v ring nnil f ir'her ifn.:.rnl from the trade. The i"i mted d:nfevry 'if h- pink bell worn in Nertiieru leulslsiiu, ai eJJ an some- 1 what inore faverablf ruling of spot mar ket 'nfernmil n, finished th buying Istlinului'. 1 Imports 'Acre r.',7-l ta'es. lnflud'nj Hi,: Vt bnii"- ti 'Jrcat Hi 'ain : 7,'M bul- te the f'en'i.if n-. thd AW.', 'mles in .Iap.ni a.id rhln.-i Te I for rbe ffj',,i, Id- bfri. !!.lV.71s; ' i.in . coin- lllijel All!. .,,. ;v, l,ai4 in.- Die err- t.d'ng -'' 1 !-' tttu.u. 1 !'. IT Jl y r ' j 11' Hr.it .41! .' If 4' n 20 .7 in ai . i; 10 :e :.- is OS IT f! 1: . U S-. IT 11 1- : .- :ru. .-, ! 'MslBS it : ':.", Ill T"if. v TRADER Vniing man ileslrca position In treillnc ilciiHrtiiirnt of rrlinlilr builUliiK huuar. A rt'.'.'l 1 Itn II (! ff 1 NEW YORK COFFEE MARKET New Yerlt, Jan. 17.-'Ii. ;-iy u-ble- from Itrnv.ll er- agiiiri ler 1 r nnd l.mei's und sellers litre w r apurt or. 1 In. 1 .ill, resulting in no epenli g trans iitli'.i. K'.gl.i uftcr tlia call. I tc . '.iber old I.- S.'J7c. NEW YORK STOCK EXCHANGE TRANSACTIONS Sales 2800 104 1000 (800 10800 700 100 3IU 100 ISO soe 109 300 1810 tee 3100 MOO J00 1800 1300 100 400 2100 300 tset voeo nOO 2400 200 2100 J. tee 2)0 sne 100 .uoe 800 1100 leu 0100 200 COO SOO 200 1O0 2100 J 00 800 S 700 UOO ion 700 200 200 3700 COO 1100 200 700 100 : 100 300 0100 iron ion 100 SM 80 12 II 1V00 2400 tee 200 200 10O 20O 00 SOO 100 200 230 flOO een neu triOD SiOO inn 2400 31 :inen 1S.1 2.190 100 00 17100 1003 800 2M 4300 3200 1823 tee ei) .tee 100 S400 100 200 4900 700 000 500 3700 600 8100 1QA 1100 in-) 80O ll'iOil 72SI 12H0II 2J3 lUUil 1UU 10J iOO 1409 40(1 tw tee 620 eie 100 nan 900 14200 neu 1500 600 200 14100 100 30i)0 1100 zeoe 1SM3 8(r3 12O0 1U3 700 400 900 200 300 17800 400 10'J 100 000 U20U 4S0 (U.l :.h 5 JO '.till 310 200 net 103 :no 000 800 1300 300 IflOU 40l)ll 100 7 SOU ieu .'10 J 40'IO (1 01) 1700 noe A200 ten 2H0O lOStf') tee 8800 COO 0U) Dlv, in llluh . . Aflams lixpretis 88 (A 3 Advanca Ttumtly pr, . . 32Ji 4 Air Iteductlen 84 .. Alax Itubber 14 . . Aias ltubber rte lj; 4 Alicd Chem & Dye... 48 7 Allied Chem & Dye pfl42 4 Allls-GliRlmcra 42 J4 1 AlllH-Chnliners pf ... ty2 .. Am Agrlc Chem 30?i .. Am Agrlc Chem of... SCti t jun iinnK .oie 3 Am Hani: N'ote pf.. . . Am Ueet 8uir .. Am Uech Magneto. 4 Am D Shoe Pdy new. .. Am Can 7 Am Can pr. 12 Am Car a Fdy 147 .. Am Cotten Oil Ml 8 Am Kxpresa ........ 13() Am Illde a Leather.. 18 Am Hide & Leather pf 0 sv, 34 W SIJi 34 4 7 88 74JJ 40Ji 3IK jt; l7!-i 4Ji 7H 47 U 1 3 !4 3M 38 !1 88 118 ti 7 Am Ice. 8 Am lee pf .. Am Internat Cerp ., . Am Linseed Am Linseed pf . . . . 0 Am Locomotive. . . . . Am Safety Kager. . .. Am Sliip & Cem.., .. Am Smelt 7 Am Smelt pf n Am Steel Foundries 7 Am Steel Fdya pf. Am Sugar P.ef 7 Am Sugar Ref pf. ., .. Am Sumatra , 8 Am Tel & Cable... tt Am Tel & Ttfl 13 Am Tobacco 1139; 8 Am Tobacco pf new. . tTa 22 Am Tobacco n laeii .. Am Waterwka 8 pf. 214 7 Am Waterwka 7 pf. 71 7 Am Woolen 82 7 Am Woolen pf 105 .. Am Writing Paper pf 23 .. Am Zinc Lead & S pf 38 .. An.tcenda Copper .... 41 J 1 Acse Dry Goeiln 47ti 8 Ase Dry floods let pf 7!J 7 Aess Dry OoedH 2d pf 70 H 6 Asse Oil 101JJ .. Assets Realization .. 1H 0 Atch Tep & Santa Te. 98Tj 3 Ateh Tep ft S !' pf.. 88 Ji 7 Atlantic coast Line . . Atluntle Fruit . . Atl Uulf & W I S S ,80 Atlantic Pet 7 Atl Panning- pf .. Austin Nicholas ... 7 Baldwin Locentoltvo .. nattliners ft Ohie. . 4 Unltlmere Ohie pf 7 TJnrnett Lraturr pf. . . Unmsdale Class A. . 7 lleechnut ; f A .. llateptliis MlniiiK ,. B Uethlehem Steel B.. .. Beeth rishcrleu 7'$ .. Brklyn liaptd Tr.mslt 7H . . DrklTi R T ctfu of dep i .. British Hm Steel 8 J, .. Brit Kni Steel 1st pf . . 02-$ .. lint km Steel 2d pf 8 BroeMyn Kdlaen . . .. Burns Bres A . . Bums Bres B .... 7 Bush Term pf .. Butte Cenuer & Zinc 90 31 22 H list; lOti US?, 54 Oil D4 101 'a 8811 1'!; llsVi 30'J 1H 8?4 Butte ei Superior Cep.. 22T4 . iiutier v.: ;!? .. Cadde Ctjitr.il O & R 12'i C cnllfer.'.i.t ..jh'.nir .. 71 .. California l'i tr'eum . 4St, 7 California Petrel pf. . S3'.. .. Ca! 2lne .".. Ix'ud 0 le Canadian : .-liic 124 8 Cun.idn. Seutliem .... 82 . Cjtseii Illll Mining... lily- 7 Cnse J I 1st pf 72 .. Central L-vi'her ill; j . . Central L-ather pr-. . . M . . Cerre-de-Vasco "4 74 0 Chandler Meters HO"-; 2 Chesapeake & OU.e... 87 H . . Chicago & Alten pf . . 4?; .. Chi & i: 111 (new)... 13a .. Chi Mln & St V 10Vi .. Chi Ml & St P pf :iv 5i . Chi ft Northwester... . C'-l 7 Chi & North'. -'St j;. .HI?- .. CM 11 I i l':n 3'f'. C Chi R I & Pan 'Tr t'f T'i 4 Chi & Mln St 1' & O 5Tj .. Chilis Copper 17 K . . Clilne Copper 2H . . Clev Cin Chi & St L. . 33 V: 1 Coca-Cela 44;, .. Colerado Fuel & Iren. 25 5 Colerado ci Southern.. 40 Celum G-aB & i;iec. . . . 40", .. Celum OraphophenA . 1U .. Cel Oraphopheno pf.. 8 4 Cemput Tab Records, t . . CoiiFelldated Cigar . . 27 7 Consel rtatml CJ113 .... 02-4 .. CeiiB-iltdi.ted I'I'i Ins. . '-i .. ConreHdnted T.-'ttltes. 14 .-. Cern I'l-edJC- ;: '. . OO'l i.r.O Cedrn ft Ce 34"3 4 CrusPil.- Stee. 'is'j T Crucible !!. p.". .. sl'i .. f'uban A.ii Rugu.- . l 7 Cub-Ani-r Sugr ." . "8"i . . Cuban Cine .Si'K-tr . . n ,j .. Cuban Cane Sugar pf. 17'i 4 Davisen Chemical ... 55 ?a 9 Delaware & Hudsen.. 110 0 Del Lack & Ws-tem.lll 8 LVtrelt Kdisen 105 1 Dorne Mines . . . .-. Knd'cott-Jehnson 7 Endlcott-Jehnson . . Erle ., Erie 1st Pf 8 Fameuu Plnyerd L 8 Famous Players . . Flsk Rubber ... Freeport Texas pf.. 23 71 ?i 108 .. 13K .. 3Ji L pf 7", 12J'. 13 4 Federal Mln & Smit pf 38 .. General Asphalt 89JJ .-, Genetr.l Asphult pf... 3!i 8 ricneral T'gar 74H 8 General Electric 114"; . . fienei-.il Meters 9 6 Oen Meters tlb ii'c.. 71 7 Oen Meters deb 7 7... 83J1 .. Goedrich B V 37 U 7 Goedrich B F pf 85 . . Gray Davis 15 .. Uranby Consel M & M 2IU 7 Grei t Northern pf... 73J4 1 Ort'Kt North Ore etfs. 32 . . Gunntar.ame Sugar . . 9 . . Gulf Stat Steel 00 .. Ilablrshaw El Cable.. V, 4 Hasltell &. Baflter Car 83H . . Hfiulee Mfg llb . . Housten nil 7854 . . Hupp Motorcar 14 . llxdraulk Steel .... l't 7 I lllnels f'entr.il 102 !j . . Iii.ll'i'. Il-Dnliig 0 .. Tndla.ievis lief 3!i . Ii.spirnt "n dm Cot . . 40 Intirb "eii Ceip 1" . Inter!. Cen Cerp pf... 4 .. Int Agricul Cerp pf. . "''u ni Int Cement 20 Vi ,7 Ir.t Hunister r.ew. . . . 83H .. Ir.t Mer Marine 11 . 0. Int Mev Marine pf.... 04 . . Internat Mutertrucl: . 2U 7 lint Motertrucl; let p.' 70?; .. International Nickel.. 12U .. International Paper .. 18?; 0 Inter Paper pf stpd.. 08 . InUnc ble oil Cerp... l7i .. Iren Products 24 Island Oil 2i . ' ,;j el Tea 13; j . . .'cvc'l Tea pf 30 .. .Tenes Urea Ten Wy ICar.saa City Southern 23J4 . Kit sun ft Gulf 7 a irajser ft Ce 81 .. ICelly.SprlnKfield Tire. 38', . . Kennecett Copper ... 27 . . Kreku'.. & Des Moince 28 .. Keystone T & It 18 M U U'reeRt. S H H2K . UicUawnnna Steel ... 48; T)tsl (.!. 74'.'.0''0 Kharea, compared 'lth Lew 61 !i 32 ml Ti 47 U 10414 40 V IS 30 M ili 3 M'4 am 38 sm 33K 8 148JJ 21U 114 ISM aK 8214 74U SiJ, 31 8.8 108 7;-i 4S Ja i ii; 32; 08 118 18 9S 130i 21!i 71 "I'.i 104 23 :e 49 47 70I.S 78 101 Mi 98 87 '-'hi 30 h 227i 11J5 ie!i P.la 347, .74 DO l;i 101 !i 57 1, 7 7S 8J'a 8 2ta ' 23W 10U 118 3 '; t!4 22 9s 2St 11'. 711 ;; ; SS'Ji 8 123 52 13 'i 70 14 31! a OS 31.i 80 ; 57 4?; I"; 17 y, :n y, 102Jt 73 53,; 17! 4 27 Slij 44 ay, se;; 07 l'a fy- Oiyi 25 1, 8s ; I -14 us'; sic; e 7S','. s; 17 52W 109 V 113.', 105 21 JS 79 10S 13 J 4 821 98' 12 Ja vi'A M 57J.4 92' 72 14Uf4 8Ji 7154 83?; iiefj 88 14!i 28 li 73)4 31 J4 r 5!i Ji 81 ie6 749; J2K 0i 103 8T1 I'i K?4 IA 4 5 28 'i H3K 14 64 2' 7a 12 409 88 1314 24 3 14 ll?s 4S 375, 23 81 37 U 2 28 17 K Ill la 48W 704,000 Telatv'a Net Clni Ch" W aw siK IK Jid- J4 1H .. 1 Va in H V, u li 4 IV, U la 1. m m H 1 5J H an H !a lift 1 7S 91li S0 his : 324-8SJ4-38 Hn . 96 - 144I-J-31J4 184J4 13 59 a; 4 80 74Ji Si4 r 107 ii-: 414 7! 401Jn' 01 4 324 - ni 60 !i HO - -3 93-1 aaii- 9s 6 :- 3 11H r 54 1844 I 89 Vt ISOU-r f 81 H -b 104 23 4 39 -49 47J4f 76 JS 76 - 10111-f Hi B8 3li,-: 30 K ! 22fti ll'Hi-r 10 ';. 00 U -r 341; - 54 r 80 19; : 101 1- -4T 1 t, it i!i Ml i 214 Hi !4 V. t; HVT 7',; 7 7 eiir 8Ji . 02'S 23',4 loin- 118 - 5354- 01J4 -r 5), - 22H - ..HS", - 1".'4 71 4i S5 1 U 124 : 3Jj 'r 73 -:- 31 4 r 115 31?; j ev.- 5754 4 4?; v 13)4 - Iff ' 33; ! 04 .- in?': 3 7! 4 ' V, Y 14 1 i!; 15a 5e i 14 J n 1;; 4 Vi liS I i".'4 2S 55 I j -40 4. ln f 75H4-921i- t.'. 14M C.HI4- 34 J 0 - 5?;-: 17ii rir 110 f 114 105 -f- 2115 78 -108 SJ1-13',4-r-82H4- 86-i 12!'a - 12J4- 3.'4 4-ri 38 f- 1!J 7414 143 U T 9 7154 834 37 4 85 14!f,- 30!4 k-: 32 i- 8?j 80 f 14 83)4 - 18W4 78?; 14 r (IJ-i-r 103 0 :. 354 40 1:4 -t 4 35J4-T 2ii 83 ;; r 14 -84 285a f 70K-r U Si'j 08 lS'i 21 - 2)4 i3)i-; 50 f--7-23 -7 T HI -3U4 27 r 25 18 -112)4 464- aharea Yt 1 2!4 " U4 U 14 H 354 !4 i!4 1M. .8, ! i'. Dlv. In) S!M "1 Illah low "0 .. Lake Erie & West pf 29)4 38 Ji IVL J IyCft nuhber Tire 3M4 "" VA"y 0B' y " gget ft Myers B....1S0 7 Lima Locomotive 99 97)4 .. Leewe Ce 18i 13fl T .. 4JUUBI wiiea uiscuit . as? 13 Lerlllard Tobacco ....ISO 7 Lerlllard Tobacco pf . . lin 7 Louisville & Nashville 114 . .. Mnclntyre P Mines.. 3i 4 Machny Ce pf 60 7 Manhattan Kiev guar. 30 Jj 78 Mnnhat Shirt 35)4 .. Miuintl Sugar 345-5 .. Marlet Ht Rwy 3J . . Market Ht Rwy pr pf . leg; Mnrlln Rockwell .... 10 2 Martin Parry 954 . . Math Alknl! 2354 .. Maxwell Class B 18 Ji R May Dept Stores 189 'ft 109 1800 noe I860 100 100 24A0 4100 003 100 1500 1 900 100 300 300 400 100 100 1800 21300 301) Today's Net Clese Ch9. 284 f 60 1J4 160 87K- 1 12 Mexican Petroleum ..115 r rinft.i -.. M WOOi.-e Middle Stntea Cor!.'! M 4700 .. Mlflvnui e.i sni! Minn Ht P A r'sYme." f3' Mlp Rt P & ff St M pf . 90 1 IS1 1 Vt 1 11 260 4700 37nn 70? 1100 800 ion 3nn 2a 9oe 100 100 300 4010 4 en 8100 tee 400 200 1000 100 2an3.RO ine 14750 603 800 inn 13l 2100 1300 2600 3500 100 toen noe 200 inn Alie 21m 00:1 isoe 2701 1700 000 .'iinn 1000 3100 200 230 200 400 500 7500 4000 300 100 300 vnti in 4U ire'i 111 1101 riiMn seu UO'I nnn 2nn 100 1.3 700 200 4103 410 .7011 jr. i) .".111 7111 vw inn nnn ; 2QD 300 130 iinn 100 601) 300 200 600 300 tien :ten 470.1 6200 200 II Will 1T) 2101 lni S'lil uen 5 en i'.O'J 7C0 50.700 1000 400 :ioe 200 300 4300 2100 400 7400 400 27U0 MO 81)0 530 :unn uen 310 730 210 700 2400 ten 300 ten 13100 1200 uen 100 10,10 1)500 4100 101) 200 4100 400 1400 700 7100 300 500 3700 100 100 700 600 Me Knnsns ft Trsns. . -Me Kan Tex (wl) . . . Me ICan ft T (wl) pf. . Missouri Pae'fic . Mo-Paelfle pf 3 Mentana Power ..,.. . Montgomery Ward . . . . National Aeme 7 Natlennl Biscuit 7 National Biscuit pf . . . . Nnt Cleak ft Suit.... 7 Nat Cleak & Suit pf . . e isat isnam ft St. 5 Jetv Yerk C ft St L nKew Yerk Deck 3 New Yerlt Deck pf . . .. New Yerk N II & II. 2 New Yerk Out ft W. 4 N Y Shipbuilding. .. . . NY Stnta Rwy 7 Norfolk ft Western.. 3 North American etfs 3 N American pf . North Am Class A lit. 7 Nerthrn Pacific .... . . Neva. Scotia S A C . . . . . Okla Pred & Ref . . Ontnrle Silver Mining. . . Ornheum Circuit Oregon It ft M . . Ot! Steel . Pacific Devcl Cerp... 3 Pnelllc Gns & Elce . . 3 Pacific OH 0 Pan-Amcr Petrel .... C Pan-Amer It . . Pnrlsh ft Bingham... 3 Pennsylvania R R.,.. . . I'enn Sfuhenrd Steel.. 8 Peeples Gas Chicago. . . Pere Marauette 5 Pere Slarq prier pf... 3 PhlliwlMphla Ce 3 Phillips Pet . . Phillips-Jenes . . Plercc-Arrew Moter . . . . Plerce-Arrew Met pf . . Pierce Oil 8 Plerc? Oil pf 5 Pitts Coel .. Pitts ft West Vn 7 P't'x W..t Vn pf. .' .. V-.'iscd rtteej far.... .. Preducci-a R-flner.s. . . 711 Producers Refiners lA 26 1 i 174 4n; Mi 1 13i 13 134 1154 20 73 33 U 7 Nat ISnam ft Stamn uf 89 0 Nntlenal Iend 0'5i Nat Tl R of Mex 2d pf SH . Nev Cen Cooper 16 'a fi N O Tex ft Mex 80 3 New Yerk Onfrul 73U 554 33! 5?t; H54 21)i 14v. 55 1005i 50)a ;ij-a m 78 24T-4 24 5 1474 1 8 r,e, ir.K 63-J 48 l- "la 3454 814 6654 20Ji 03 335s 31 OIJa 10 .5 53 10)i .. C8'j . . 1)4 . -4V3 . .'70J3 . . C4!'. . . 30?; pf 39 4 Pub Service of N J . 8 Pullman . . Punt a Alrgre Sugar. 2 Pure Oil 8 Pure Oil 8, pf 8 Railway Steel Rand M'nea . . . Rny Cen Copper 4 Reading cash . . . 4 "A I ' 4 ,113 . 32a , 8H 100): Spring 0" 20 1654 75 Rending "414 2 Reading 1st pf 47 4 3 Railing 2d pf SOJi . . Rem Typ -writer 1st pf 67 . Rep'oele Stc I ...:... 27?; .'iejvilille Ire 1 ft Steel C3ii 7 R'P'in i.ren fr Steel pf Repulil'c Meters 8 in Royal Dutch Anvr... 52' j 1 St Jeseph Lend 13 . . St Iiu h San Fran... 25 . . St Leuis San Fran pf 38)4 St Leuis Southwest pf 3u . . Santa Cecelia Sugar . . Srneii Moter . . Seaboard Air Line . . . . . riabe.rd Air Line pf . .. Sears-Re'bucic 7 Sears-Roebuck pf .... . . Shattuck Arizona Cerp .71 Shell Transport . . Sinclair oil . SlesH-SheffleUl 7 Slesi-Slif ff t!d pf .... I) Ull.tT 1 I'llClfll! . . . Svit'iern Rail . . d i.itlieni lint', pf. . . a Miiinl.cd Mill pf t .--tandiu-d oil of Oil. . 3 Stniid.ird Oil of N J. 7 Stand oil of N J Steel Tube pf. 114 294 354 4 14 3 94 9 37!a 20)4 41)4 rt-?; 10 . 50, i Kill C5'V IMJi pfll5!i 1 Ptewart Warner Speed 21 'j 7 Studehaker -fs . Strembcri; Carb 41 . Submnr'ne Beat Cerp !. . Superior Oil Cerp.... 0 . Temter Cern ft F "A" 3?; . Tsnn Cep & Chem.... 10)6 3 Texan Ce 45?; . Texas ft Pacltle 36)4 1 Texas ft I'ae C & O.. 25); lb Tex Gulf Sulphur 13 . Third Ave "J n Tobacco Products ... 4V4 7 Tobacco Preductn pf.. s . TranHCen Oil 1H 1 Trnnsue Win Steel... 34 J, . union Oil 33u 0 Futon Pnolfle "0 t I'nlen Pacltlc pf .... 74 7 I'nlen Tank Car pf..l0'?'i . United Alley Steel... 3S 7 Unit Cigar StereH pflOO',4 United Drug 72(4 8 Unlted lult 12 . United Rwy Invest.. . . United Rwy Invest pf 23 0 United Retail Stores.. e . U S C I V & Fdy.... a u s c I p ft Fdy pf.. . L S Express .Us Feed Preducta... . U S Ind Alcohol . V S Rubber 8 U S Rubber 1st pf... .US Smelt ft lief.... 3 U S Steel 7 II S Steel pf 2 Utah Copper . Utah Sec . Vanadium Cerp 7 fun Uhultu 1st pf . . . . . V.i-Car Chetn.cal .... (j Va Iren Ceal & C0U0. , . Vlvr.deu lue , . Wabauh , . Wabash pf A Wabash pf B UOO-;, 30 Wells Farge Express l'j la 3 V I 4'4 H ' 94! Je 1V4 Ii yestanlay. 410 400 2)0 COO 2500 4110 1011 700 2000 1400 3100 200 200 700 100 100 100 Western Maryland , . West Maryland 2d pt , . Western Puclile .... 7 Western Union Tel. I WiBttngneufc 11 ft . . Wl.i-UliK ft L E. . . 18 S3 e?4 894 4354 55)4 100 30)4 84 j A 1179, 4)i 11 37)4 92 J", 28J4 f3 0"4 6S 20 U 13 82 8-4 13 .. 92JJ M SIM " Whrl 11 ft L 11 of.. 13 Whlte Moter 38)4 White Oil Cerp i. Wlelt Spenc Steel Cerp H!4 Wlllys-Overland &Va . . Wilsen ft Ce 33 't 7 Wllnen ft Ce pf 70 4 Werth. ngten Pump... 401J 7 Werth Pump pf A... 85 0 Werth Pump pf U... 69- 20 Wright Aero h 54 n-dlvldenil. Thus far this wcel;, 1,500,000. 39 150 Ji 110 112 2!i 59)4 3654 35 84 5a 39 914 2194 34 154 107 11294 37 J4 1754 Sft'i (16 8.9J4 7"t 2554 17 40 07 55 isti 12J4 129 11" U 28 74 3154 86 89 Ji !i 16 69)4 7414 5"?4 3t?4 5354 1394 3154 14 66' 08 -4 4994 3954 4 77 54 24J4 2J?i !i 1434 35 Vj mvs 7?. 05 54 411 M 62'4 17 13 33"4 8?4 04?4 20 Ji 63 33 31 82 14?4 33 . 104 68 a l Vt 24)4 7l !i 84 30 39 33 '-4 3014 1C0 0055 20 15 75 73 47 54 50 57' 2794 32)4 sn H 6! 13 21 J4 38 J4 3434 114 2H 3!4 4)4 03 Ji 64 8)4 37JJ 20!4 3St'- 74 Hl4 1H-4 41 S4''. 05 1SI 115J4 78 2J'J 85 )i 40)4 454 c a:; 10 4514 20)4 25 ii 40)4 17 0374 03 10 33 1914 129! 4 7t 1C4VJ 37)4 10fl(A 094 175 H 23 83 Ja 105 81 074 Mi H4 Giy'a 100 3S 03)4 11(1' . (13 105-4 3114 83 78)4 87j 0)4 0 se! 4 13 70'-. ? 13 17 07 Ji 6i'i 4 II j n as?; 0 15-j ) 33 70 45:3 85 09 5i 13 10 4- III 150 Ji- Ji 110 f 1 115)4-1- 4 -V , 8054 36 54 3H 34 3J5 40J4 10 - 31&4- 23i- 13 Ji- 108 J4 114 J4 27)5r 134 3094 05 !- 90 ) 1 - s - 2r.s; -17 a: I 4Ji- !i 67VJ ?4 MK 13 - 14 133&4 4? TRADING LIFELESS LOCAL MARKET iit4-r 20 -75 31Ta - 88-6 023 3Ji r 15)4 00 75 Ji!- : 55 ?4 21''i Hii 68 1005S 60 -30-i-r 454- 77Ht 24J4 294 54 f 1474 35 55 10)4 '- s -: 05 i ' 40?4 r 62)4 47 54 -15)5 34J4 20 ?4 b 03 -33-31 l2 -15J4 35J1 104 bS'j-'r- 0154 '- 2'j ;- 7V5- li4l 30 39 74'4- 113 jj-; 374 :- 38J4 4- 100 J5-'- 97 - 20 -15 75 -r 7454 47 J4 I-80!A-f .77 -27-74 -624 80 -1 b 57 -13 214 l!4 294 - 354- 4)4 6314- 94 - n 37JJ-2054- 40 ; Si 3 194 Ji ?; 1(4 54 Hi US Great Injtet-est Centored in Su- promo Court HeaHng of Reading Segregation There was nlse n pronounced Mulcting down of the trndlng In the lecnl intirltct, but prices were well sustained, some of the mire prominent Issues scoring additional fractional gains. Effert was mnue te continue the Lake superior movement, with that spcelnlty touching S". Kffert wns also made te carry Ilillndclphln Itnphl Trnnslt above (he II) mark. After passing thnt figure the tnnrket wan ngaln found full of stork, which lins been the cxjierlcnce for semt tlme nnd which hns reneatcdlv proved the stumbling block te peel maneuver'). The Identity of the Reurte l.s being well gunrded nnd most of the deliveries are 1 se enmeullagcd ns te confuse some or the shrewdest traders en the street. Pennsylvania Hullrend continued n"'' of the firmer spetH nnd' he'd ground bet ter thnn most of the ether rnllrenilc. Lehigh Valley wh off nearly a jielnl. Only a few hnrc of American Stere mm- out nt 83. Phlladehihln Trnctlen touched 02, un overnight gain of ,. l'hlladelphln Electric common yielded i while the preferred Improved 'd. L. O. I. preferred remained linn nt ."I. Interest lecnlwisc was centered te n lnrge extent In the Heading segrega tion hearing before the Supreme Court tomorrow. It will probably be a month or mere before the court will hnnil down it verdict nnd the arguments of the contesting Interests are se well known and have been told ami retold so-eftcn as net te i-cipilrc further rep etition. Nnturnlly, both contesting in terests feci their position is strong and will be sustained by the court. Ne one isM 7rfM e VA Why he's the fellow Btandinu ' en teri of the hill of "Suc cess" smiling down nt the "Put-it-efFa" trying te climb the grnde en' roller skate?. The, "Put -it -in" climbed surely for his shoes wero spiked. He had n Savings Account. Jein the "Put-it-inV North Philadelphia Trust Ce. Bread St and German town Ave. Above Eric Ave, Philadelphia 94 I would venture un opinion ns te the out come, but there were quite a few who entertained tne lecung of tne common shareholder! having stronger points In their fnver thnn the jirefcrrcd holders. Philadelphia Stocks WE TAKE PLEASURE IN ANNOUNCING THAT 'MR. LOUIS P. FORSTER HAS THIS DAY BECOME OUR DOND ASSOCIATED WITH DEPARTMENT US IN LEWIS & SNYDER 1S24 Walnut Street Philadelphia, Pa. Phene: Spruce 6884 J.-. 54 14 4 !4 ? 5i Vi 194 ?4 1 '4 'i 3'j V 3!i U l'a 5-4 ii Lew 1!) .S."i 17-J -iS Net ilixe Clese II) S," J t V-J -'- VI os --1 1., S:5Vs savi r.inA .-n)iAi!k r,7Vi Rnid'j'j :i0'- se.. eaii CO i- 19, i.. i!4tt S'is CSJi v-TS :w7s va 4?4 14 -.a !4 Ui 54 54 rs ,-s!S eO 11 1 1 -"l 27; lii'L IK A 3 87"4-i 194- 5n 4'.. - 95';. 181' -5 H5J4- 78 27 5i-8834-1-41 4Ji 0 -f 354 10 45!i-J-3014 25)4 ij4 -:- 17 -114 Ji -93 10 ;; . 31 , 1-18J4- 129 ri 74 104!;.- 28 -f-10654 ?!?( 125 - 8 23 - 54 18 -f 53 -f 05s- "54 43 iSli-'r 100 i- 363;- K1M -i H0 5i- C3!i-' 104 ,-3!j;j-9'.'!j-s- 28)4 '!if rii 1194 207 -; 13 - 87 J- 8?; 1.". 15 - ft'-'i-r "! c?; : n 3)4 : 9 15?4-s-'-33 - 70 1. 40JJ 55 f 60 j !; Rich 10 Alii Insur. 11) 317 Am Htrs. . h5 r.00tC'hlle Cep. 17 "i "ntfriiel'p sti ns .'10 Elec Ster.l24. l'-'lV, IIM". lOOt Erie ",,'( " KlOtFum Piny .Sa,rt 10 Gen Asph 51) TiOtOulf S Stl r.i. 100fInsi)irC5ep .lOTi .120 Lake Sup. H, lOI.eh Nav.. OS14 2rI.eh Vnl.. CO liOPaCcnLpf 10 70.1 Pn It rt.. .'M'i (UOTl'enn Scab Hteil ... 20 Phil Ins W 1P7 l'hlhi Ce cum pi'.. J!il '-j a.)., l'hila Klrc ICC de jn-cf.. SeO P It T. . . 50 Phlla Trni 2."itlteudlug.. 7I?t L'tlOTeii Jlcl. . 1 DO U () I asi... JiOO de pref.. 51 5 Win Crumi) & Hens. -12 1 t7 Almii Atmtt.1 n.l.. aT ! .1 I 1 rSt - rii (an iuviiu ii)i its . 1- itiaatSM. tNet chanc made by comparison with Ust 1 aale en New Yerlt Stuck lliirhanire. Total Bales. 5H4J si area, cniiipir-d -ltli ,'r ill!. Ml fliHres yeali-rduy. Thus t-ir thin wels. ' j 10.180 ctiari-H. "a I'llll.ADKI.rillA IIONDS 200 Liberty 2d -l'',s M2.. 2000 Liberty 2d 4'S '2;i.-. 10(R) Liberty ad 4'ih '2S.. ' ' ,2000 Llbcity ad 4"4s '2S. 100 Liberty 4th -l1 is 'as. 11 ' -lOIMTl Liberty 4th -His "W. HUM) Liberty 4ih 4V,s 'as. HO Victory 4-74s '2.') 2001) Rell Telephone ?s 1000 City 4s 1114'J 1000 Electric & Pee 4s 1000 Hnrwoed Electric Cs 4ri00 Phlla Electric 1st 5s.. lets 400 Phlla Electric 1st "is.. lets 1000 Phlla Electric 1st os . . 7000 Phlla Electric Cs. 7000 Phlla Electric Cs. IlOOfl Heading Tcrtnlmil 5s ailOO Spiinlsli-Ainei-Iciui IN 'JUKI I'liltd Hnilvm- 5s. -l.lllt Eii'icd I!i.ii-a.vs 5s. A MARK OF t EXCELLENCE Like the Hull-marl of England te desig. nate the fineness of geld nnd silver, is the Baldwin Bndgc-plntc attached te every locomotive we build. Baldwin Locomotives arc everywhere known as the Stnndard of Excellence. THE BALDWIN LOCOMOTIVE WORKS Philadelphia JflalBaaaaaaae9aBK?V ValaSaaaaalaaaaElRCVx 50 ain, 2i; 27"-, in C2 7!r's ls 38i 51 12 S's-. 50 ::.;.'.. . 21V1-: 27"... 111 ,. 02 i- 7.'l'-i l'!s asV" 51 .. 12 .. St. Keystone Telephone Ce. First Mortgage 5s Due 1935 and Equipment and First Mortgage Collateral 6s, Due 1929 at prices te yield about S.20'1 and 7.10'., , respec tielv. Free of Pennsylva nia State Tax and 2rt, nor mal Federal Income Tax. Complete information en request. Jl'c invifc inquiry en any current investment subject. J17.SC 07 (Ml H7.S2 I 7.!I4 D7.CS 1)7. Ml 117.82 It-Hi. Ul i.m.l.l.ru M- fOKTi j. i,!.L:. ill. Lui. -X.',7 ) 1 ...iiv. l : Si-rumnn C2i J j 08 ! 1 1 05 Vi Dl 00 .lets 10l' .let" 101 101 1', nii'l r.I' T ut far '...Is FOREIGN EXCHANGE Ww Yerlt. Jan. Ii. At the OJl"l- Mnrhs were J point j i . . , . - - . . , 33ilng tedny of the W-isn exenange mnr. 154 ket sterling showed a dccllni' of 'jc 54 'from vestetday'b final, whlbj fnmis jilwere up 2 points. J.lre were off 1 Vt ' point. g'Uliiers en ti peuus nun ewcu ish off 0 pfilnth 54 ' lower. f The market became slightly easier in I tlin In! e forenoon, but there was very I " - ' . r. . .. " little business transacted, hteriing cables were 4.2... demund 4.22'f. ; franc cables S.'JO'j. checks H.lOVi i II c ' 'cables .wi", checks l.Hi j gilihler ca- ., bles. aC.7H. checks ac.7.1 ; marks, .5:'.i.. i? ' The Ceittnil European exhnnccs teduj ;'? -iliiiwcd it reaction lrein jcstirda.i V closing figures. Quotations were: (5 i-ek 4. .'IS; Uunitihluu. .711'i; Iliilgui-luii, .74; Austrian, .0.".Vi : PelMi .IKISO; Finnish, l.liil: JuBe-Hluviuu, l.a.l; Czecho-SlevaUian, 1.011. The rate of jireiniuin in Mentnal to day en New Yerk funds was 5 0-10 ixr rent. The rate of discount In New Ynrl: mi (iinindliin funds was 51 cent. TODAY'S OI'IJNINll QUurATIONK Hterllnu KmncM Lire (lullileri. .... l.22"i 8.204 4.374 811.7.1 . . 1.1!29( S.'.'lVj I .18 Uii.bJ .SOON QUOTATION'S) Stvrlliu: Pranes I. Ire Oaliilem I 22J4 8. 13". inn-4 :m 7.-, -I 2L"Si s.lil .;i7 mi. ,s,i l-,ijSln ClUnATIuN'h Sturllni; Trancn I ! .. j.L'i'ij 8 t'ij i nr 4 '.'.'". S.13 I ,"ij ll il"! i"i .1.4 i,i n 3 !4 9a Hi 5i 54 HARPER &TURNER Investment Bankers Slembtrt of I'illuicIp'ila Nleefc L (! nr Stock Exchange Building "8 -B t rhiiaaeipnia -'"n .......... .-ti i t-".1T U.U.. . ..i. .-4.4-.i--'', SECURITY INCOME PROFIT MAKING POSSIBILITIES These are the three important items fe be considered by Inveitert in the selection of their market commitments. Hur Speclil loiter "I. 17" sent Tree Vpen Hriiurat CULVER & COMPANY SJTOfKH AND IIOMIS .UemlicTs l'hilailrlphta Stock 1'jiUangr (.'ouseUiIntfil Htetk I'hanpc of Vcw Verfc l.ini AViilmit Street inii.Ai)i:i.i'iiiA t'llt-tiiireli, I'.i. Siiriiir n:,m striilinnlllc. (), l(,,rp ;(0U 1 Legal Fer Savings Banks In Fourteen States $100,000 Northern Railway (of California) First Mtge. 5's October, 1938 First (closed) mortgujre en 377 miles outstanding at low rate of .12,58G per mile; guar anteed principal and interest by endorsement by Southern Pacific Ce.; rated AAA. Price en Application Blodget&Ce. Real Estate Trust Bldg., Phlla. Bosten Chicago New Yerk Walnut 1005 Bace 43G9 i i!l ,ii rffflBiP1' " "' """igagi RSSRSS $j BfcL, Spruce 8200 United States Victory Notes SCCUaiTlE3 DEPAUTMTNT Commercial Trust Company Member Federal llticne S)ilra City Hall Square West ei per h IK 'i Vt 1'4 1 IK '4 y " !i IM3 is D'lnnil I)em il il i.-ub!" . Ij m..Ti 1 I'ublnH . 'I.lir- :iu7i an sn ! H i 1 J ',jn I , Illsh S.liS 4'l..' S.I5 Conservative Investments .MacMeekin & Williamson HKUAU & KANHO.M ST$. Memlwrn I'hlln. block Kxrbaure r-i. .Mi Ii ;ir Mk' uiif lu AUIf. i Kent. I Oct IKS::: .-. . Xemliitl. tTrail- ittvi fc.J.i KJ5 8. as IK hh .... -s.4u 8 42 8 4L"Sr .. . "sun .... t.e . . . -s.itr 8 S3 tH 2,'l 311 f8.23 8.2J 'B.al ".3 8. 2 J i'i'6 let-. .' JH. H 41 S.47 K..",2 N.4.1 8 40 8.-!5 X.H1 8. Hi h 81 8.30 8,8n Si'O DIVIDENDS DECLARED ' ;,lui. Mill na- C'enrpan.-. II . pajabls J I'Vftnar 21 te atuCrf c" rtceril 1'cliruary 1. Ai n-laar Mar.ufarturlr.i I'lmtmil, nuar-tt-rli II 10 mi c'iimnn una acml-ariiiuat "23 en irf-rri-l I'utli i'ub!) sbruar te stucH of n-iei-J JunJivry j;, -v llls-'r t-gmi.Mi)'. $1.50 fin prfrrrJ, j puyebl rl;riiir 1 te stce'.t of record Junu'-ry 20. I American Tlrlli tnil CaLl. quarter! 1 1U f' cn, P1""10 iiarcu i jera-V Central ruarv i is Amtrlcan g te titia T Raw Sugar Fairly Active Nrw Vnrk. Jnn. 17. Tlie ri "urir mnr i.i't was fulrly U5tle Inte ji-niri Ihj. rftln.ra u,.lrij 70,0(10 le SO.eiiii b.iuH of tilil nep I'utiab for Jur.-jury nhlriu-ut ut 2c, ui iimi fri'lKlil. mill I.'i.iiiie b.in, of i-iil emu i ul.us vent le un opcr-iter lit ilie innu rrii.-. laical rell'ier also aiiu'iml l',-,ui) timr ruiiln V'utH, ilu late this mantis, at 2 .14 . , f inn ft I'amnllaii re ucr leal. 7.MJ iuu.i V0119. 7.ulr.n fm urernpt slilpmmt nt a,-, 1 t Importatle-ij Im-iutli'd !1.1 Olie Iiuk., uf 1 lI.jh fi. Arhucl'ln Ilreth'TB, J." flCi) bin;, if, 1,,., Kmleral Hum,r Itflliili..; Ccnrpinj ;'.n 0011 bl!H te tin VirniT Hunni Iledriliis t ,,n. pull). Ill OU11 buss tu the National Hl-bhi ) I, .Hi.- I', lliri'lv 1 nil 1IMI0 buna of Mi 1)... 111 i.irun, m ruiU' ti I'i. ihiIIu, ami liitli, b.iu f I'urte Ulcus iinalcned tc the trml- 1 luul rtli 'I inuri.ft la in, -huns-iil ui It, te 4.UUC lean 2 t,rr unt for i-mu. MONEY-LENDING RATES NTAV YOKIifall tnurny firm, hinu, 1 , low, 4'v. rutin,; rati.. 4, imam,, hid 4 etfrrl in tVi i last leiin. 14 pi- ..t Heme le.ina were rnuiln en half i,..,) i..f ecurll cellutfr.il today at 4'i "r V , ','m nt 4S, fr e-i en Induatrlul n u"ni, Prima banlt aecrptancea wr In larir. r .1 ir.nwl tln.n eupply at aT rn3 P(.r t.,.,, "" , ITIIlIU !nriv;ui,iiii, M'!J-r WIH OUrOUIlteil u I 4 "4 te J par cent for this aherPi matiirltln. .mil ut S t" Si's per cent for lean mrktlv cin. The Real Situation in General Meters We have issued an exclusive and compre hensive report contain ing reliable information and suggestions. Copy sent en request. ihita'"4iui jiixi cfC'f.iciii'V" STOCKS 5i BONDS SO DROAD STREET, NEW YORK Ingersoll Remains en P. R. R. Beard i , 1 Bend Issue by, Dept. of tjie Seine Waahliuten. Jan. 17. Charlea K. Iimrr. furia, Jan it. r.ie Juiirnal OITc e tefcjy oil waa fcuttinrttfil by thii tnlarr'atn Cem- publialiea 11 drcri- aii-.l.i.r.sti . thu iwr,,,, rr.erca Cominlaalen te-lay tu retain hla n is ' , . . , ,,, u., , , , "Tui i- ai a director cf the l'fnnailrsnlii, ItKlliead. """ ' H1"-"" '" '"J. I.i N'-iy Verii. but waa ii?quirvu in resiaii v-i.nui iii.n imd u se sn un i"iis t sJi.iihe.imi'I &v'.""v..v..?i irswerf0ih-.,,,i..a v.r.Tv. k;i ""' "" ---.. Jlallread, , 1, Sw sfirb. Jan. 17. - An Int. Jni,ile: biiildlic lieuat-, s,-ii vh tl.iatail a arrlra ,! BAR SILVER V'rrneli munlelpn un.tfr TllnB, ,iurnir war. lull cein-ludeil neiibt atlana tn- . i.. v. .1. 1... allvp U'iib 11rtf.hnrv.il In r nV.A,, S1.1 firm ttftft ,A .. "I. ?' .editeil nun, -a I'II1I,.M)KM'III. Call, ', r-r cm, .ViflB'. !' irrif. wiiiiuiiK 'ui i.eei. tu alx ii.emr.H. ifct;'i pr (..nt. MIMMI.V Jl.,r. L iiuetuil 1 !jl ,.unt ri trs, slir.ri b !h, 1 r . hum'tia, a 13-HHI3 pf-r cent. I ,nt BANK CLEARINGS liatil. tlearlr.fs tid, cempareil lespjndllit day luat two rara ivtj JUL'l M .ii or- 1820 WE OWN AND OFFER Penna. Utilities Ce. 6$, 1926 011 a hasib te yield aoeut 7's'',. Free of Penim. hta'e tux nnd normal income WICINEn BH0. PHILAOtUIIIA Atu. r Stuck Zxifiuj MSVf)K -tCTJIOM. M J. Newark Consolidated Gas Ce. Consolidated 5s, 1948 A mortgage en the gas properties in and around Ncwark.N.J., serving a population estimated at qver 575,000. Price te yield 5.90' t IvrHiif particular en rci "J! Bonbright & Company 437 Chestnut Street Philadelphia New Yerk Cliico-e Poaten Detroit .. Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS infill ttll.M. nhYATK TKl'HT HM"i'rJ lincatlriiti1 tid inLual coriierntlon ajjl pnrttir-raiilit un-nuii's una rn-purc nfel Tx IlfluniB. h niriii nMri.rlv 12 nibl I"b- Demestic ear "IIXSJ. wap uncnarartu m.er oeout sna.uoe.iiuo (e the IVpartinrnt ui Vn. ITS nnr) nns in u" mn .oe-"-0 .? of Vi" JanuarV 2T; New VerU tostey at IWewJiii ounce, fr.tha HeliM, It w.s learned In V.'all : rf reit te-1 nSiten.'. '. OO.noe ,",i.33,S? '?S'S5S'S2 ,',erka.,,Ti:e?,Jv,A7eaKbrUiry'-)en.r , jy.yl," J $,,' l0 lmn "J?V 2STl.miira"5l?il.,,Se,?,.l, Y""r " ' "1 H CeftdSS 888 Sl'Sn OflBlii'ltt et lecercl Jauuae 31 . lh Prica was ua lower ai uji, ur's ntttlem-ti of e ita n in'ner dsla'l!- i . ire ni nun enu lei s'17 tui ' 7'7',? it. T5tTiiTra fjalllklrfi nitan-ii- At nilMrtC MUlNH-irU. UKti-iua 1 YIELDING ll M.iiurliiB I'rj-ru 1 le in 1" " V W Mil .1.9 Xr CO. 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Significant historical Pennsylvania newspapers