,;'H yj5VEING PUBLIC LEDtJER--rTrtLA!DJDJ?HCfl, THUB&DA, JANUARY 19; Him ;-L. .' f:.W IW ' If ' iX ' .' r , i Is- A tr' if i s rf , f :' 1 n. ty Grand Trunk Western Railway Ce. 1st 4s, I960 A first closed mert-sse en 327 miles of read located entirely within the United States. Interest guaranteed by the Grand Trunk Rw. Ce. Price 72 1 : Te Yield 6.10 ic i Unilcd Stales Gevcntmeni Bends and Certificates of Indebtedness Harvey F1sk& Sens INCORPORATED LAND TITLE DLDG. PHILADELPHIA New Tork Chlenfe Bosten E MOVEMENT VERY CONFUSING Spectacular Rise of Twenty Points in Gulf States Steel NEW YORK STOCK EXCHANGE TRANSACTIONS COAL is one of the great necessities. During this electrical era nearly 4000 lbs. of coal are con sumed in the generation of 1000 KWH of electrical energy. We recommend ber.dd of coal producing com panies and coal carrying railroads, and will gladly furnish information con cerning these that we have en hand. Inquiry is innteU m any current investment subject. HARPER &TURNER Investment Bankers jVember of rJSItedrlp'ifci Sterh Kithnnat Stock Exchange Building -rmm Philadelphia R-u.n- I WE OWN AND OFFER L N Southern R. R. Mone- Jt. 4'i 1352 Cl. & Arixent lit 4'ia 1S82 wiecifin sc, Pkiijuj-x-wa AW KJfectrchn wlw YetK tupjemr. mjl New Yerlt, .Inn. 10. All ether move ments In today's stock mnrket were I eclipsed by the spectacular ndvance e(( nearly 20 points In Gulf States Steel. I The trading In the stock which had been steadily advancing for several days be- I cause of a sensational character In the nftcrnoen when many brokers competed In the execution of buying orders, fore- ; In)? the stock up te 85, an overnight I advance of 10 points and n net rise of 3" points In less than a week. At the beginning of the movement it was , stated that the buying was connected with Henry Ferd's bid for the muscle shoals plant, but the spectacular char acter of today's bidding Indicated a vlg- ; oreus contest for control. The movement of the main body of fleck was one of confusion and ax- ( treme Irregularity if net contradictions. . It net only reflected a contraction et I 1 demand, but the manner In which BteckH I were supplied easily confirmed the be- lief that some of the very recent 'nd- , vanccs were due wholly te forced cover ing of the shorts. Frem the outset there was a reactionary undercurrent, which ! waj accentuated In the progressive ad- ' vanes in the call money rate from 4V& per cent te 0 per cent The higher rate provoked a general selling movement In the Inst hour and caused a general re, notion, which steed out In contrast with I he Gulf States Steel exciting enisede. It wns the stocks favored by the peels ! that figured most prominently prier te the afternoon M-tbnek. In the earlier proceedings the Independent steel group I continued the chief attraction. The i sugar shares also put up a stronger . j front, but It wns In the peel specialties , the renl Interest centered. The meters from the outlet encountered liberal prefit-tnking while the rails until the late reaction played no part In the , 1 trading. There was ngaln evidence of the forced movement observed yesterday in i a number of the industrial specialties. ' While this was largely the handiwork of various peels and speculative cetubl- i nation", there was some connection te be inad In these scattering individual I demonstration" with the apparent pre arranged and concerted campaign against the horde of fly-b) -night brokers which havf sprung up In all rilrcrtlr.ns the last two years with alarming rapidity In many of these selected movement lucre was evidently quite a geed deal e." short covering;. These operation however, were confined te seml-lnsrllvc bliares, while the accepted speculative leaders took en indifferent part in the proceedings. Traders became mere cautious at m'd day in consequence of call money's rise te ."5 per cent. Steels, coppers, -ujavs. textiles and utilities held or Increased their advance e' the morning, but ine- ' irrs. oils, chemicals and rails. Includ ing Canadian Pacific, were lower. Prices bernme reactionary In the Ini i hour when fl per cent wns demanded for call money. GRAIN MARKET fiTfUfifiTra tS&&JM-AWtl. GREENE & COMPANY ANNOUNCE THE OPENING OF OFFICES 615-616 Sleck Exchange Bid;. FOn THE TRANSACTION OF A GENERAL INVESTMENT BUSINESS TELEPHONES CE " Wheal Julv Uem tjj . July . Oa" "lay July for) January May Lurd Maren Mev rt'ba .Tun'ian Oue 1.1 Ji 1 01 SI 4 Utah lxiw I.MN t.l2i t 0""J 1.01 .341. SB', .r.a S5H ae'i .SB, .sv tln l.H'i 1 O'.'t, i .83',. au, .80 "4, .811", 11.1(1 10.2S 9 Ml 11. 3.07 ft Ail 1 7S .77 8.S0 9 00 St S.7.1 S.87 COTTON MARKET Pitti rie,e Open Jdn 17 fill 17.SS Men 17.04 17 no M.v 17.2(1 17 17 JU' IS S.I 111 73 Ot Id S3 Ifl.lH D(f 10 OJ 1(1.05 Heet, lh.05 High 17 SS 17 87 17.52 17.07 II1.4S 16 2i Lew 17.50 17.44 17.10 10 1)5 19.10 10 00 P ft.'." I 9 72 I S.77 S 37 I'lese 17.7.1 17. 77 71 17 41 $44 10. OS HI 33 10 IS NEW YORK COFFEE MARKET , .Un i rb I.Jurrh April. Mar. June Jut Aur. fleet ! I cn Net 1 Der i ' einlnal Open Klrh new flnim f 0 .D5 S.S5 .40P4I s'ljse s'.is-. s'ied IS 1112 Trade 8 4ft s'ai h as fl'2i a:i s ie S 12 9.1 1 S.4'J tS.41.1 fl.30 tH.S2 S.2S 8 24 8 24 tS.24 S.22 3 21 8 10 e in S.4.1 8f S.3J S.2 S 24 8 24 H.24 s:s 8 2 8 21 DAMUUCS Dealers rn Investment Securities Mimbtr Niw Yetk and I'lnMmmmm Stetk Brchantt, "'" 321 Che.t'nut 5t., PhiLdeJpbu BROOKE, STOKES & CO. Investment Securities Philadelphia Washington Baltimore Penna. Utilities 6s, Serial Southern Utilities, 6s, 1933 Fuller-Lehigh 6s. 1938 Aute Car 1st Mtge. 6s. 1922 Mtmbtrt c Philadelphia s'ec iSieAeiifl Land Title Uldg., I'hiia., I'a. "t Slt Knc 411 Crew Levick 6s, 1931 American Pew. & Lt. 63, 2016 Western Power Pfd. Standard Gas & Elec. Pfd. Northern Stntes Power Common BAUER. STARR & CO. r.ind TIIU llulldlnr, I'lillndrlphls New Yerh Ofllce. 5 lUrter Strrt Direct Private Telephone bet. Oflcet FOREIGN EXCHANGE New Yerk, Jan. 10. The foreign ex change market this morning opened dull 1 and irregular with little of Interest. ' At neon sterling showed a somewhat 1 firmer tone at 4.22 bid for cables and I 4.22 for demand. Marks, which had 1 been quoted as low as Rli. moved up j te iuj te 52. Franc cnhlna -m a en ! CH S,ln : "" ,ab,e, 4-3- eh"k I ( 'l.ul !. ' Tlie Central Kurepean exchangs were: Rumanian. .77: Hnl(arlan, 71 I Serbian. 1.38; Ctecho-Slevaklnn. 170 : .Tuge-ei.iT'.an ..14 . Grcek. 4.40 Polish. OUfiO; Finnish, 1.90 A .sLHatl. 03",; Hungarian. .1SV; Ti:e premium en XwYerk funds in Montreal telay wns ,i 1-3 p- esnt. Tie discount en Canadian funds in I New Yerk was C 1-16 per cent. VEBTKRDAT'S FINAL QUOTATIONS ' Shsrllm Frnea Mre am. dan ,51.. .J:8tt lU JJT jfc? , TODAY Fl OPENt.NO QUOTATIONH 4li1f " J.,0"'"1" Alii HP. 4-s7W S8.S7 , . 4 22J 8.20 4 3S 89.72 VOON QUOTATIONS vn"ngz 4',3rs4Gui,"r'i 4.22't S 20 4 81 i.lsrNO QHOTATIONB ' 4.22,. 8 10 4 871, S0.M9 I MONEY-LENDING RATE8 Mnr YORIl Call menr nrmr- high . Vk rl"'i"t "!' 4V eli'lne bid Ji. effereil at il: lait learf n ' In tlini innne ir.nr '4i nrtt an tin;-tt demand, but ,rh. layer w. tPSn.SS.S'Vf, yr, Qu.ittd uncharged 3'; and a"? te 4 Mr cn .""! '"''l" l.Per ruled unchanged 11 4" iu ., i-i 1 int for int Uat named Deniand Cablfi. Dmund f ..f.en tjanwnd 'able ,.',-'K'.l,IIM-cli.. 3 Mr cant, time I r. 4 tcti'i per crni commercial paprc. three 10 all inemhj BHS4 Cer cent. ' LONDON Meney la quoted at 8V, per cent Diaceunl rate, ehurt bllla. 4 prr cent, three .north' bill 3 18-108'. per cent DIVIDENDS DECLARED dalea ami 380 100 tee 4.100 4ft 4100 400 4100 400 S5C 10.0 300 ttoe 1500 3000 100 8000 10 tee 300 400 300 tee 30 300 son 3700 600 4100 331 .500 39 410 300 0110 8010 3W 100 400 se 1(2 3590 10 8S00 3300 100 40 100 7700 100 000 1300 SOO S300 100 7300 1(0 260,1 310 10 300 100 tee 500 300 380O lOOfl 100 10 10ft 400 4401 I0S 000 340 450 1239 40311 30ll 30 100 4.1(1 Inn lit K01 1 1001 MO I00J 309 04 10 40 400 100 AtG'l SJ0 1101 IKOO sun 300 100 3IU (00 icon 730.1 1001 B01 tfn 300 70 1200 4100 1500 100 een 3100 3H0O 300 500 34 100 100 3(00 S300 300 3600 3400 800 80 300 301 3800 04O0 10000 H : 100 0 330 00 3700 1740 80 5190 AOfl 1400 ta 1AM 480 100 100 8(00 SOO 300 4K0O 10 000 100 1100 400 30 son seu oue 81610 100 811 3000 300 100 tee 1700 1700 1800 390 330 HOD ISOO 7000 1390 309 10)0 1330 390 600 730O 4300 1000 1000 000 Tela' Dlr. In, lllah . . Adams Express ,,.,,, 44 Jt . Advance numely . . . 11J4 8 Advance, numely pf , . , 33H 4 Air Iteductlen ,. .. 51J4 .. AJ".x llubber ., 14 ft Ajue Ttuhbcr rLs lj; . Alaska Geld Mines... ?, 4 Allied Chem & Dys... 8&J-i 1 Allied Chem & Dy pfl4)6 4 Allls-Chalmern 434 7 Allla-Chalmera pf ... 83 .. Am Agrle CTiem 81t .. Am Agrle Chem pf. .. B 4 Am Bank Nete 03;i . . Am Beet sugar 3 .. Am Bescli Maimete.. 30 Si 4 Am B Shoe Fdy new.. 58 14 7 Am B Shes P pf new. i .. Am Can 34i 13 Am Cor & Fdy 146J4 7 Am car A Fdy pf . . Its .. Am Chicle 10 .. Am Cotten Oil 314 . . Am Cotten Oil pf 3 Am Drug- 8yn Am repress 1MJ4 Am Mlds & Leather.. 14 Am Hide & Leather pf VA Am Am Am Am Am Am 7 Am Ice. Am Ice pf . . . . Am Internat Cerp . 1 Am-La Francs Eng. Am Linseed Linseed pf Locomotive . Safety rtsaer. . Ship 4k Cem 8melt 8me.lt of . Am Smelt 8e A. 3 Am Steel Feundrle .. Am Sugar Ref 7 Am Sugar Ref pf . Am Sumatra 1 Am Sumatra Teb pf Am Tel & Tel 13 Am Tobacco Am Tobacco pf nsw 13 Am Tobacco B. . . . , 1 Am Walerwtia 7C, pf 7 Am woelon 3 nMl 7 43 i 31 'i 68 1; 107 U 4N 48 14 80 33 63)4 H 3s; 71 US .13 Ji 73 8414 Am Woolen rrf 104 . Am Writing Paper pf 23H . . Am Ztnc Lead 4L- Smelt 14 . . Am Zinc Lad & S pf 30 H .. Anscenda Copper .... 40M Assets realization . . 1 Atso Dry Goods l!i 7 Arse Dry aoeds 2d pf 17 Alch Tep A Banta Fe. 08 s s Atch Tep & S F pf . Sfl'-j Atlanta Blr A Atlant'c 1 . . Atlantic Fruit . . 3 All Oii'.f WIS8 . 3f .50 Atlantic Pet . 31H . Auitln Mchelas ... 13 1 Austin Nicholas Itic pr 70 li 7 Baldwin Locomotive . OR'i Baltimore & Ohie ... 5H t Baltimore & Ohie pf. . 4-4 Barnett Leather . . .40 Bamsdale Class B . . 1Ja s Bethlehem Steel . . 84 Bethlehem Bleel B.... fl4 s Betli'ehem steel 8V ptl07J4 Beeth FisherUs !i British Em Steel 0' nr. Tim Steel 1st pf . P4 Bri Em Steel 2d pf.. 33)5 Brkiyn Rapid Transit 4 Brklyn R T ctfi of dep PJn Brown Shoe . . . 4.1 . Bruns Term 3'S Bums Bres A . . Bums Bres B . . M 1 Rush Term pf . Otl'i Bntte Copper A Zllne H Butte ft Superior Cep. 28 M Bntterlcb 31 Cadde Cantral O A R 11, a Cal Zlns A Lead.. . H a California. Pacfttnr "; California Fctrelsurr . ? 7 California Petrel pf . s 10 Canadian Pacif.c ... l'!j . Careen Hill Mining r ! Oese .II. t Central leather . . 33 a rtntral leather pf 7'i f'!ro-de-rasce . .31' s Chandler Moter . .r 2 f'haapenk- & Ohie . 43 'h e go A Alten. 3Ii Uliicaau A Alten pf !a . Chicago it Ot "West 6H Chi h Gr West pf . 1 Clit Mln & St P... IS4 Chi Mil A St P pr. . ..7i 5 Chi A Northwestern.. 3J4 7 Chi A Northwest pf..l03 Clilcage Pneu Teel . 61 Chi K I A Pae :t!i S Chi R I A Pae 6rr Pf 34J4 1 Chi It I A Pae 7i pf 88i .. Chlle Copper 17? .. Chlne Copper 28 . Clev On CM A St J. . 5Je Cluett Peabody 8i 1 Coca-Cela 3 Colerado Fuel A Ire.:. 37 H 8 Colerado A Southern. . 40 6 Cclum Gas A Elec. . . . 6'i .. Celum Uraphophene . U . . Cel Graphophena pf . . 7; . . Consolidated Cigar . 28 7 Consolidated Gas . . . 03 4 Cemput Tab Records. 684 .. Consolidated Text lien. US A Cern Products Ref . 88 Jt .80 Cetden A Ce 344 4 Crucible Steel 7 7 Crucible Steel pf .. 0 Cuban Am Sugar . 17 14 7 Cub-Amer sugar pf . 4J . . Cuban Cane Sugur . OH . . Cuban Cane Sujar pf . ION 4 Iavlsen Chemical . . 8854 80 Debeera Cen Mln Ltd 1854 O Delaware A Hudsen. .109 Dsl Lack A Western. 114 t Deme Mines 3 Hi 13 Klectrle Storage Bat..lM!t s Endlcott-Jehnson .... 81J5 . Erls V . Erie 1st Pf ,,S4 s Famous Playera L . . . 83t a Famous Players L pf 05 4 Federal Mln A Ginlt pf 40)4 s Fisher Bedy of O pf . . 83 . Flak Rub'ner JJJs Fremert Texas . . . . I'M Oarton Wms A Wig. . Y a Gen Atn Tank Car.. i! General Asphalt .... s General Cigar 73', s General Electric ..144J4 . Genera! Meters 0 Gen Meters pf 73 a Gen Metera deb .. 71',j 7 Gn Meters dsb 1.. BSJ4 Goodr cli B F i !'4 Oranby Consel MAM 7S0J4 Gray Davis JK rireru Northern rf . 74 Great North Ore ctfs 3U Guantan-ime Sugar R7i nulf State Stesl A Gulf Mobile & Ner n' I' Kns'.Cell A Bafktr Or 83' Hupp Motorcar . . H'i Housten Oil 13 Mllnels Central 103 IniJIahema Ref a' Inspiration Cen Cep . 409 Jnterb Cen Cerp. . Ifi mtcrb Cen Cerp pf . . . V Tnternat Agrlcul ... 1 Ini Agricul Cerp pf . " lit Harvter new. . . . 4 Int Mer Marine... . 1? Int 5Ier Marine pf. . .. f6M Internet Motertruck . 31 W lint Motoi truck 1st pf "3 International Nickel.. 13h International Paper .. 48 Inter Paper pf stpd., 9 Iren Products 34 Invlnclble Oil Cerp... la Island Oil 'fa lewel Tea I3J4 Jenes Bres 'iVa. ?0h Kansas Clt Southern 331a np'et 780 een Capital Raised for Banks ,, llalea rsanltatlen i iaia capital threush the rale nr aharra for nanl( About te he form Ml and llanka dtalrlns 10 nrrea cupltal rriiuc i.nhdr.n, nnx A.703 Meler Product Company, quartnrly 21 ravahie Kebruarr t te eteck of record Jan uiry 20 I'rc lar and (jamble rempany, quarterly ,1 p-r cam en enrnmeu payable Kebruarr 15 te ainru or rcore January 23. National !.eurt Cempanv quanerh of ! 'r rent en pnf erred payable March IS In MOTK ei rrcore rwraary vi . . , ,, ,k. ., ,,.,. - r.nada I eiumMa iu ane Kieeirlc. cjuarlerii wmi.nu ....... ...- ...... ..- - 11 ftO. pavable Kebrjary 15 te Bleck of record lie enure leldlns of about 8000 aharea of Jauuary 31 atecU of the Hank of the Manhattan Cem- t'llnchfleld Ceal Corporation, quarterly ' Pany of New Yerk, 't waa announced today. Si 70 en preferred payable February 1 te I the lleyal Hank rcled the ateck In 1320 iel or rerd JaTtar" " liew tm 10J4 33 4 554 18J4 t !i 14 104 43)4 S3 TO J4 86 68)4 34)4 38 84t 09 ! 33H 14H 118 J4 21)4 H 8 133 lJi 61 S8 Tt'A 40)4 ,i Mi 58 I0S 4'i 0)4 47 St 8 33i 63 9M-S 334 71 117)4 13154 0Tf. 138)4 73 83t4 14 33)4 13!4 87 4, 1 47 K 77 03 ) i 80't I 7 305, 23 , 11', 70 C!4 S4i 5C.4 10 ISi it .V 107 U i 0 S3 T3 9' ' 43) ; 3'i 116 311I4 91 i- 814 :w 11 a 71 47 J, 8CX, l'M!4 n 4 S3 t ci ::- ,-.R-, 4i., 3'. . IS ie i; 31 '-4 e.'ih 103 31'., 74 8T 1714 55 Vi 47 43U V5, 34 U t.354 ly;. "i 26 03)4 67:4 14 07)4 83i !54 r,0 16H 7 HI4 13 !4 3)4 114 104 118 31 13 80)4 13!, 8 Hi 4I4 3 83 l ?i 131b !. 47 U 73 140J-1 8J4 73 70(4 S3 lj. 371, :!4 ts, 73J4 SI U v 66J4 I) S.! 133i 789, 103 3i CO?, 1 iVt H 34H 834 14 4'4 80)4 711A I'K 47 h ;!. 34 1.1 314 12)4 3 Vt 2 V, Ji ' 14 i 54 14 IX l 814 1 a 14 l4 K !4 Todar's Net Cloae Chss, 8314- 1 114-334- 81J4- 14 - H4- K 48J4 - 10414 4 31 88 63H-3414-88 -8814 HJi 118 K-3Ui-41- 114 14 61 -. 84M-7494-04- 914 8114- 88 -HSKi- li-H 014 41H t - 89 -r 9yi- 33 -:- 71 -: 117 14 131 - 9914 138J4 -73 83J4- 14K 37 -49)4-1 -50)i 77 -97Ji-HOJj- 1 i - 33M--'3S 13 i 70 -54)4 40 U4 J4 ? 'A IK 14 14 344 1 I 14! 1.4 14 H 13'-4 41 u:u- f-U- S3!j 33 OH Hi 13)4 31i ll ' 20)4 01 Vi 84 "i'A ue -UJ4 6)a 71 47' 1 'f-U 1 4 t.t -4 -' J- lif" - si; 3 V.. 44 i i 10 1 n !-j -; si. - 103 41 31J4 74 R7 -17 W 28 14 55)4 48W-T 43H 314 40 -t 714- 36 - 93K 68 14 -51)4- 80 17 aW 1 0 19 44 - 16U 1694 - 11J4- 31 10 8614 JI4 13)4 40 -: 83 13)5 l'!4 14 44JA -141),-0 73 L 7014 -8114 3714 3011 i? : 73?-311,- 83 ; 17 SJla 13i 13H 103 3'i 39J4- IJi I- N 3 - 84 14 C414 ,. 31 - 71?; 1354 -t 47J4 60 21 16)4 2 14 I'H -64 ?)', t 14- 1 1 U it !4 114 '4 ii li , .1 '4 3)4 ' J"4 14 1!4 H l4 It: '4 la 14 14 14 H H 14 J4 Mi 14 h 4 '4 ! J4 74" U 4 :i 16' li '1 t Sale 300 30 100 3600 300 16300 3600 90 100 100 4000 3603 114' W M! W 1 M 14 14 3 14 14 ii !S 100 800 880 400 100 300 100 100 1000 1400 700 j 10 86 19 It 1700 4) 30 4(0 5(0 Dlv. In fc, Illsh Iw 4 Kansas City Se pf . . . . 84 444 .. Kansa8 A Gulf 7J4 7 8 Kayser A Ce 84 85 .. Kelly-Bprtngfleld Tirs. 38 J4 87J4 .. Kelaey Wheel ,.68 64 .. Kennecett Copper ... 38J S7 Keystone T A R 17 ii 10?, 6 Kresgn. s S 112)4 H 'i - Lake- I'rle A West pf 29 29 3 Lee Rubber Tire 38(4 '14 .. Lackawanna Steel ... 4814 47 J-aclede- Ona of St L.i 8 U ,.D)4 I3H 14 14 1 14 '14 14 narnit . 11 I-"v."" " e ,:;" i-enigh Valley 60 Jggett ft Myers 15 7 Lima Locomotive .... 97 ; Uw Ce 13)4 ,1 fJ Candy 9(4 IfUlsvllle A Nashvlllell4)4 H4 Mackav r?n. rt 74 4 Mackay Ce pf 60 Mnnatl Sugar " 7 Manhattan Elev guar. 40 Manhat 3hlrt 3" Market St Rwy 3ij .. Markst St Rwy pr pf. 4014 warKet St Rwy 2d pf Marlln Oil ......... 3 Martin Parry . . fuatn Alkali 7', 24?i 54 14 34)4 0B?j 13 9 14814 74 60 37 37 34 3)4 8 H 7J4 3I4 33 33 Today'. Net Clea. Cha. 444 - Va 7 - 84 -37 J4 64 '7 J4 29 2854 47)4- 48 49 J4 14S - 08', 13 HSJj'S 114 -75 60 ' 37 40 r -t row- 714- 3414 3KT 1 4M 3 1i WIDE ADVANCES IN 4 in yvmau ,. '4 1 8 May Dept Stores 10894 1854 MR.- 14 14 t Vi 4 Hi ! 54 3H Ji ti 13 Mexican Petroleum x niitiMi Sana. .1 :.:."" v-PPr ':! sssl'8?.". corp-- Minn A St Leuis... Me Kansas A Texas . Me Kan A Tes pf. Me Kan A Tex (wl) . Me Kan A T (wl) pf Missouri Pacific . . . . . Mo-Paclfle pf 3 Mentana Power . . . . Montgomery Ward Mulllns Bedv . . . . 7 National Bls"cult .. .. 7 National Biscuit pf. . National Cen A Cable Nat linam A St National Lead Ner Cbn Cep tier. . . N T Air Brake.. . . 8 Ner Yerk Central.... 4 N T Chi A St L 2d pf 80 New Terlt Deck .- New Tork N II A II.. 2 New Yerk Ont A W. . 7 .Norfolk A Western... a North American ctfe. 3 N American pf North Am Class A Rts. 7 Northern Pacific .... , Neva Scotia SAC 3 Nunally c . Okln Pred A Ref . Orpheum Circuit . . . a Otis Elevator .. Otis Steel 2 Owens Bottling Pacific Devel Cerp. . . 5 Pacific Gas A Elec... Pacific Mall . . s Pacific Oil 0 Pan-Amer Petrel . . . 6 Pan-Amer B .. Parish A Bingham .. 2 Pennsylvania R R Penn Seaboard Sleel . a Peeples Gas Chicago. . Pere Marquette 3 Philadelphia Ce . . . Phllllps-Jenes . . Phillips. Jenes p 2 Phillips Pet . Plerce-Arrew Moter . . . . Plerce-Arrew Met pf . . Pierce Oil S Pierce Oil pr 4 nits Ceal Pitts A Wrjr Va. .. 7 Pltti A We-st Va pf . . SO Pend Opik Ceal . Preducern nflners... Pressed Sice! Car.... 4 Pub Srrv cc of N .1 . . Pullmnn .'. . . PU"'P VeRlp Sugai . . " Pt:re OI S I'liir rv f, nr. . P'eel Spring 20 60S 20 4410 180 60 690 200 1003 490 tee tee 30 3000 30 900 399 8800 309 100 13400 300 700 3300 3400 3300. 1100 3000 100 60 000 10 3090 30 480 400 COO 3700 1700 700 300 3300 4300 4400 610 300 490 30 1490 4S00 1300 10460 500 ISO 300 330 iOO I 700 310 iflim 3210 4000 410 -'00 0)1 100 1 1210 1)111 101 19? l.tO mie steu 2100 s se ime 400 109U ine 1011 400 100 1 9 en ion 4I0'I :ioe 700 2100 tsev 500 100 4300 1100 130O 00 700 001 390 803 33990 700 404) 300 6800 1400 1700 3160 1630 6409 3200 490 60H 910 409 100 70'l :ioe 300 400 SOO 38300 3 111 241 090 oeon 100 2800 290 17700 00 32C0 100 16200 190 100 3290 700 300 1100 1! 113)4 27 Vi 13 3114 6!4 154 214 814 244 17 V, 4li 68 14T4 23)4 133 118 1'4 374 03( 1814 61 7514 42 33 114 9974 3114 41H 4 78)4 28(j 054 V"4 14)4 122 17 23 H 8 94 0Si 1154 4614 63 47"i IS 14 'M !4 nt 614 31 33(4 90 93 31)4 17(4 3Sm t0'4 6!) 01 244 77(4 14 30 4- "I ll"' .14(4 30 1003, 08 li 10i t. 74, tiny f n t'eppei I P.e:d'"5 . . 1 Rn"lnc ii n'. . . l!-ii 'itr.'i- Tjnjwrite:1 U'rr T; p vi'ttr 1st pf n-p'esrie S'.-el . . . R'P'ihli" l.e 1 & Slrsl M' ?0 (te ,il r 1 me". . ''1 S' l.e j Sin Frun. . . 35 si 1 e..: -4 tv ... '!i St Leu s Heutliwest pf 35 S.tnla Cecelia Suear. . 3' Savane Arms . rtir.-a'i Moter . S'eabenrd Air I Ins . . Seaboard Air Line pf. Siesrs-Re'buck 7 Sean-Roebuck pf ... Seneca Cep Cerp. . . Sliattuck Arlrena Cerp 14 Shell Transport . Sinclair Oil . Slees-Sheffield Se Perte Rice Sugar. . 8 Se Perte Rloe Sugar pf S3 0 Southern I1cific .... 83H . Southern Rail '84 Southern Rail pf . . 4 4 Standard Oil of Cal.. 95)4 ft Standard Oil of N J.. 170)4 7 Stand Oil of N J pfll4'4 2 Mewart Warner Speed 37 .V ' -.11 , T'l-3'i 4 94'i 8)i 37 20 !i 41 44 Siremberg Cnrb 7 s-udenaker Submarine Beat Cerp Superior Oil Cerp. . . Tenn Cep A Chem .... 8 Texas Ce . . Texas A Pacific 1 Texas A Pae C A O.. 34 Tex Gulf Sulphur . . Third Ava 6 Tobacco Products . . . Trar.scen Oil .1 Twin City ft T Union Oil 10 Union Pacific Union Pacldc pf . . Union Tank Car pf United Alley Steel. Unit Cigar Stores United Drug United Fruit S84 !4 6 10)4 4494 3674 24)4 4194 18 64)4 101, 38 20 130 73!j 1049, . . .i" Vi pfl07 .. 7e'a . . 125 United Rwy Invest pf 23)4 United Retail Stores.. "4J4 U 8 C I P A Fdy... lIBCIrl Fdy pf U 8 Feed Products U S Ind Alcohol.. U 6 Realty A Imp U S Rubber U S Rubber 1st pf . U S Steel U S Steel pf . Utah Copper Utah Sec . . . . Vanadium Cerp . . Van Raalte 1st pf. . . Va-Car Chemical . . Va Iren Ceal A Coke Vlvadeu Inc . . . Wabash . Wabash pf A BOO t 80 Wells Farge Express ahare. rempared Kith 874.800 ahare. 300 100 700 HOII 400 100 100 1300 6)0 18)0 tee tee 10 me 40 I till 100 vesierdn M Wtatern Maryland Western Paolfle . . 7 Western Union Tel 4 WesttnE'iouse B A Wheeling ALE.. .. Wheeling ALE pr White Moter White Oil Cerp. . . Wick Spenc Steel Cerp Wlllya-Overland . Willys-Overland pf . . Wilsen A Ce 1 Wilsen A Ce pf S Woolworth F W 7 Woolworth F W pf 4 Worthlngten Pump. . . n Werth Pump pf . . 10 . 55S . U . 441, 50 . 44 .100)4 . 859a .11794 . 64 a . 10 z . 34 . 92 . 2i; . 61 'U C!4 6 ft . 20)4 . 83 8 94 . 16 9314 SI 714 134 40 914 IS'i 5! '994 33 68 110)4 117)4 .414 ess 111V4 27 H 13)4 38)4 494 1 '14 8 1414 16( 46 r.8 14l4 73 133 IIS Mi 3414 914 II 6094 7415 63 33 414 2154 69 4974 41 4 77 34 94 t '4 14 123 7594 8 65 II 45' 514 464 15 337 R 67H 2014 33)4 SRJ4 02 ae ; 14 1, 23 j 0 ea CI 75 7M, 14', .' 54 64 714 1104 33 i 3394 10.1)4 08 !S 11 3!i S 7! .V I . ill'. It 34 If' 1 V. 3)4 4 62 ?4 9I!j 184 M'4 37 !0)i 40'-2 00 8!, Slfi 1894 49 Si 04)2 1774 U4m '094 40 87', 4 6 10 4( 36 24)4 41)4 17)i 64)4 974 37 19'.. 129' 73)4 104, 27 toot, 70 r"44 23 44)4 18)4 54 8 '39 50 4114 100)4 84)4 11794 6314 1014 33)4 92 34 t 694 H 30)4 854 894 16 9114 60 9, 714 139, 3814 7, 16 4i 28(4 319, 68 140-4 U7J4 40 14 ORi, I'hu far this ueek 3,209,400 ahare' 1134- 3714 134 8094 314 8J4 25)4 1614- 46 - r.8 -; UU- 38)4- 133 - 1IH - Mi 36)4- 0'H- 15 - 6694- 714- 63 33 19 3114 99 - 41 54 41 4)4 77 -37 " 9?4 254 t4 -122 I1T4- 7594- 8 64)4 K 11 4J4 -51 14 1074 15 -3374 69' -r 4 -02 30)4- 16?4- 34 094 - r,h 61 34(4 1 77)4 14 0)3-- 4 7474 -1U94- 34 -3414- 10d?4 ' OS -I0fi 14', 7 IN, !J 4 ', .10 , A.f, ;.u , 1 J 7 31 , ii'. M', 3(i - ' 4 - 4'st is4 : F.14 37 -209.1 405-j-45 1 83 81?4- l94 40 9414 178 11474- 2)i 40 ss 4 10 45)4 36 -S4'-41)4-17Jtr 64 1 - rss ; 1914-12094- 73)4--10494- 37(4 106K-. 70(4 1344 - 2394 - 4614 1814- 444 54-r 4394 40 4494- 10014 84 -117J4 634 1014 3374 93 3814 91 6(44 694 7014-80)4- 894- 16 714 I3H 3J4- 9 18 4)4 38 J4-3194- 81 -14014-117)4 - 14-f 6814 INACTIVETTOCKS Eloetrito Sterage Battery Was a Prominent Foature, Making a New Tep It was in the inactive slecks the wider changes were recorded In the local market. Little or no variation occurred in the tisunl lenders, but tlie tone of the market was generally steady. Tb dealings were somewhat smaller com pared with, the recent sessions jet well distributed. Consolidated Traction of New Jersey ran up Hy, points en moderate dealings, subsequently surrendering a point of the gain. United Companies of New Jersey advanced fi points from the previous sole te 182. North Pennsylvania nail- read en few odd leta was also a point higher. Electric Storage Battery and Penn- , sylvanla Railroad featured the usual active leaders. Trading In Electric eiurnRc nailery was lainy nen?j uu a spirited rise In that specialty of fils points te 130. The movement was unexplained In se far as direct news, but disclosed a scant supply of stock, much te apparent discomfiture of a few belated shorts. Pennsylvania held firm, slightly about 34, en the announcement thnt the 1 per cent dividend will be declared next week. Dealings in the trnmdt Issues were very light, with the only change oc curring In Philadelphia Traction, which moved up te 0214. Slight variation was registered in the U. O. I. issues. Philadelphia L'lectrlc iisties remained unchnnged. The local bend houses were greatly dtrappeinted by the meager allotments given te the Southern Railway bend subscribers. Twenty per cent was al lotted te subscriptions of $1000 te $100,000, nnd only 10 per cent above that amount. There wns some grum bling, tee, regarding the Strawbrldge & Clothier Issue, but the subscribers were given much fair treatment, lleth Issues were very heavily oversub scribed. Preliminary statement of earnings of the American Stores Company shows gross for last year of $80,000,210, which in $10,!)8S.:iiS less thnn thnt of 1020. This however, presents the results of falling prices rather than n shrinkage in the volume of sales. Price reductions Inst year averaged between "2.1 and RT ncr cent, which would lndl- ; t rate the company wus turning ever a 14 1 volume of inerchnndlbe considerably 'larger than in 1020. The amount of 4 i profit the company will be able te show en the ?!)0,0G9,210 or gross sales In 1021 offers room for a geed deal of speculation. On the $103.0.7,574 gross sales of 1020 a profit of $12.78 a share en the common stock was shown and in 1010 en gross sales of $70,401,680. or approximately 510.000,000 less than the year just rlesril, n profit of 912.86 was made. In the cese of this earlier 1 year the company enjoyed' a period of rising prices, in JU-l tots situation was reversed, while at the same time operating expenses have Increased, the cost of delnj business Inst year being the largest the company has ex perienced. It will therefore net be f.urprising If something less than the amount of profit reported in 1010 snd 1020 will be shown for 1021. The Western Saving Fund Society of Philadelphia Main Office: Tenth and Walnut Streets Kensington Office: Frent and Yerk Streets Cendeneed Statement, lt' January, 1033 ASSETS Cash en Hand and in Banks $ 2,869,654.49 United States Bends and Ireasury certin- catcs State, County and Municipal Securities .... Railroad Securities Street Railway Securities . Miscellaneous Securities . . Real Estate Mortgages . . , Time Leans with Collateral Call Leans with Collateral . . . Real Estate (Office Buildings) 4 94 54 14 14 54 '!. 14 54 4 1 IK 14 'Mi H 14 41,, Hi ?4 I !4 Yt LIABILITIES Surplus Fund and Special Reserve. Deposits . . : 13,370,315.90 S,714,484.S 26,030,275.18 835,400.70 1,021,928.25 1,839,212.21 1OO.OO0.00 182,680.00 400,000.00 $52,063,949.66 '' K ..$ 4,793,657.68 47,270,291.98 $52,063,949.66 Number of Depositors, 76,378 The Society alas hel for BOtfl depeslteri IT. 8. f Amerlea Udrrtr L Bemdt deposited severallf by them for safekeeplag, of whleh the Tar VilaVi. ,ses,toe. ' THn UNDCnStONED. Auditor appelated by the Pretldtnt Judtei of It. mef Common Pieaa ef Philadelphia. 10 audit and Mtllt th account of THB BnN BAVINQ KUND BOOlErY OP 1'lULADEU'HU. for the ? iif hvlnr been duly awern nccerdlnx te law faithfully ee te de, certify that Hit Aaeeta of tlie ld Eecltiy, at tb doc of bulnn en the thlrty-flrat day of Decern. br, 1031, have been examined and -rifled by I hem. snd that tb coat thereof ,, it forth Id tb abere Schedule agrees with the book and ti balance ah,,t of Ui, Soelety. The amount due te depositor. Inetudlng Intereit. en tha first day et .Ttnutry ISM. and the Hurnlu nr Cantlnaent Fund are currently Rtated ana nr iN .! ..m. ..id. tUm v..t. bm .t.d k.u... .w... rr.,ri.r r. tfTKtr.-, . -'" 1I1CI11 -till !- ITI.M BIIU , WHIWIIVC .IID.I, January 14. 133. Vl rreJdnl ItODERT J. nhUNllKR 4flmntreller CnAHLKS P. HUMTITnEVB JOHN C. HINCKI.KT THDHAK lUDOWAT CHAIILE8 J. DWDUK omerns rresldent O. 8TOAKT PATTKRSON Treaanrer A,'t, Trfaaer.. FnEDTBICK Y. HAllVOWKl.T. J. n. Jjiffi' YnMw m.w . u.n.innnn urn,. u. .- ...,..,. .11 ,.,.....",.". . nrrmnri w. Irllnr TOWN8KND, JR WlilMCI. '"" C. A.Wm 05.C, jesnrii n. 1 Auditor appointed by the Society The Audit Company of New Xnk, JIANAOERS Olinrleraasne Tower R.Dtvna ".,. ertn W. Bun -Kvan lUndelni -'T..j. i.ae C. Stuart Patterson Jehn Story Jenks Alfred C. nrTlaen Georte 11. McFa64en iTeerjre Braart Patteraen Randal Meraan ClerarntB. Nrnbeld Kdiar 0. Felten mirlatlsn O. Keblirr rjdwta B. rJtuert ramutl T. lledlne A, A. JaclcMB Arthur W. Bewail Redman v.. Orlaeem Preneilfk Frtilfy, 81. U'llllam R. rplllrr W. W. ClIMl. Cbarlee E. Briil Henry O. hn,, Rebert 1, Draaltr '4 !4 li 4 S '4 ' !i 5 I !i H 'i 154 14 14 S H Philadelphia Stocks Met ir.gh Lew Ch chte. 1 1(1 Alii Ins.. in Mi l3 JI'-h-t- v7 1 m Am Hteres 84'A fi4i 84Vj Va 100 Am (las.. 52Va M'rj WVb-)- , .10IA T&T.UT 11" 117 1 l.'tBnM T.0111 07' 0,-t; 05T - 2(tnutte Cep C's fill )'- .( Hrlll J (r. ;?S !- .'l . . 200 Cen Tr NJ '.'I 42 42 -r 11120 Klcc Ster.130 12434 130 itiTi'ain nny "-', OSVi Oi-i 30 11 ; .4 Thoreuqldu Seasoned Bend BALTIMORE ELECTRIC CO. of Baltimore City 1st Mortgage 5, Due 1947 . Protected by strong underlying mortgage and unusual sinking fund. Guaranteed principal and interest by Consolidated Gas, Electric Light & Power Ce. of Baltimore under terms of lease. Price te Return about 5.75 LEWIS & SNYDER 1524 Walnut Street Philadelphia Telephone 1 Spruces 0884 '.1 8 BOTi 120 Gen Asnb. lOOtfien Met. no I C N A. lOOtlnvIn Oil 310 Key Tele. 10 de pref. . e.'O Lake Sup. 10 Leh Xav . 5 I.eh Vel.. iiintuw i 110 lBfNer Pnc... 78 BOtNnt Ennm 30( .10 North l'a. 7fi efll Pa n It.. 34, r.T) Phil In W 50 lOtPhllllpsJns OOiJ IS Phlla Oe. 3314 lWi de cum pf ."10 U. 2I Phila Klec 241.'. S04 de pref.. 28 100 l U T. . 10 24 Plilla Trac 02 lOtPierce-Ar 15 lOtReadlnR... 74 lOtStudebakr 87 lOtSeuth Pac 82S 35 Un Tree.. 35 1160 U G I ... 38. 22.1 de pref . 51 12 D Ces KJ.182 OOtU 8 Steel 85 lift.!'- II OO, -IM UIIHUIUm iM'J 82T 53 0 30 U 15Vs 7.M, iqi3 8 68 00T4 112 78M, .ini 75 34 50 00V8 30i 2JVi -r-u-v rsv5 0 -h IBW 7-f- ?1 8VJ 08 BOT 112 m I rli itt v mtm,w4i i 182 4-B 04 if n S31,' 4. iZ . tNet cbanse made br eemrjarlenn wirs tjf aate en New Tork Stock Kxeharur. , letal aale. 0088 aharea. oemnared with iev 02 15 74 87 2 35 38',i 51 182 84 IOI 0074 75 1 34 - 1, 50 .. OOH 2 .144. 14 30 K 2 i sO a . 10 - tj, 02U k .51 MfWrTsrnanii m :m mml t tMWMSJtm&lflW,fr We Reaemmend FEDERAL LIGHT & TRACTION CO. Tnlrly-yaiar l,t L!n Geld fl' 1942 Ttut Refund in Penna. Earnings for year ended November 30, 1921, 3.25 time intarest requirement. , Revenue from Railway only about bve of net earning. The gres earning increased i 00 and the outstand ing Bend and Nete only 4 from Deeember 31, 1913, tr. Augu.t 31, 1921. PRICE 9144 TO YIELD W BATTLES & CO. EaiabUahed I860 Independence Square (East), Philadelphia LWafttMUWII'teMmMaB I'm 1 ,'vi.i ..ic, vvve u.i.l, OUOTENtreq i isa.,fjLT" Jtrday. Tha far thl rrek -; .,u,,.ii nuarca. 54 1 li 8' 54 H 54 v 1 fi : 14 154 54 1 rrm.AUEJ.FniA de.hdb 150 Liberty 3s '47. 07.20 1000 Liberty 2d 4Vis '42 97.6(1 1 000 Liberty 2d 4 Us '42 07.02 100 Liberty 2d 4Ws '42 07.30 3000 Liberty 2d Was '42 07.52 100 Liberty 3d 4Us '28.. .. 07.781 1500 Liberty 4th 4Us '38.. leta 07. C81 0000 Liberty 4th 4V8 '38.... 07.70 1 1000 Liberty 4th 44s '38.... 07.64 4000 Liberty 4th 4,is '33. . . 07.66 I 100 Liberty 4th 4s '38 07.48 ' 17000 Victory 4is "23 lets.100.12! 100 Victory 4jls '23 00.06 I 2000 Victory 4-jia '23 100.10 ' 500 Victory 4-1is '23 100.02 3000 Vletnry 4"fls '2.1 100.10' OAAft Amb. flat, JL. rllA4t. I K. Dfll, I emjjj atiici vnn . i.i,i if,- us, OXVi 14 H t 54 !4 a 14 14 154 !4 54 154 114 54 14 la 54 11)00 llell Tclenhene 7s. 2000 Klectrlr &. Pee 4s. 1000 Phila Electric 1st 5s, 1000 Phlla Electric 1st 5 1 seen Phila Electric- 0s. . , 2000 Phlla Electric 6s..., 500 Phlla Electric fls. . 1000 Phlla Electric j... let) 1 . . 62i . . 5 1 05 Ieta 101 1 .. 101$ I ... 102 I . 101i Total. JT2.050. compared with W.4fle .. i leiday. Thua far Ihia week. KSO.flllO. Stocks Firestone Tire & Rubber Cem. Ferd Moter of Canada General Fire Extinguither Stk. GoedyesT Tire & Rub. 8 Prier Pref. Packard Moter Car Pfd. Reynold Tobacco "B" Cem. Tolsde Editon 8 Pfd. United Light & Railway! Cem. Bends Ktyttent Sittl Wire it, 1941 Unilcd OH Preductn 8t, 1931 VtdttrtilyeAlb9Ttn4V2,1924 ftraillian Gevt.Btmi;aH iuuet BUTTER, RO.GS AND CHEEfif- New Yerk. Jan 19 nutter Irremlar -reinery. flrrta necelpt. ti;.886 luM. ss 10 01 ecere. SIUOO60. airena. iivceipta Enea mreeh" sathered ls.aai 0rta, 43c: eae. , rreah fathered urate, soweies nearby and n.ri,. We.tern hennery whiter, arrf te r,ir.V 47r'Jc nearby and nery lirewna, ered brnwne and traa. 4 DTP 14;'. CIlKKSr: It regular. Ilecvinte tna v ntnle. whele.mllU flat fresh. inJ:.. 11?' A. A. Heuaman & Ce. jemtwr Ke Tin FtntU lixthange 20 Bread Street Nevr Yerk pnnJUJKIlIlA WABniNOTOS AMBT1TRDAU, HOl.I.ANn rrltMti tclre (0 principal elite. and nerby Wt,rn iiiJ" itrna. 4400! narb? " 1 L d mixed teWi. nf.rt.y ,S!2" 1 r. flr.t. iS",t. P-B'aaaBaapareat" I Service and Stability The Cheerful Atmosphere of our bank vill con vince you that the ren ren Jering of efficient serv ice is a real pleasure te our force. We particularly solicit commercial ncceunts; nnd in addition te the usual banking accommo accemmo accomme nationo, we oiTer you the most varied and complete service posaible te se se t'ure in a modern Trust Company. Integrity Trust Cempauiy Fourth and Green Street Capital Surplut & Profit ,. fSOOfiCtl .SI J8 60,001 Buys Bank of Manhattan 8teck v.w 'ierW. .Ian. 10.- Hpeyer t fe have Stock Dividend by Virginia Iren Neiv Yerk. Jan 10 Al a meelln of di rector of the Virginia Iren Ceal and (ok Company a ateck dividend of 60 per cent, payable In 0 per rent rumulalhe pieferred Blecii waa declared, payable In common atockheldera of record I'ebruarv 1, en Feb ruary In. Traimrer cie.ihk wm nm Bank of England Statement 1 mlllt freeh twlna aiwe i. iei.- -wael' 1 ,.c run. KOe " "" u" c. s. PA'nreN & co. su a ciir.er.Miv sts. BANKERS MueeeMr te NAII.KK t: al'l'.l KNMON PeuSn anil etnrha beiitht ,sm Mid l4yhrn I'lllt-.. Mark W,eh.n Ie Rubber and Tlr terl' fifty rent, pavab of rrcerd february IB Cnnmratlen. auar- le March 1 te ateck BANK CLEARINGS Hank rlearlnsa today, compared wiih cer reapendliia dav laat two Veer. 1022 llt-1 iriL'O Reitnn.. wa.oen.noo jso,iiea,na4 tjn.nsn.T.ij N'rext. -j7.one.Qoo 7St.i30.nsii rio.eSB.ino i'hlmg, nI. toil OIMI UI,f8T.4u7 04.U4it.T74 Phils,.., 67.000,090 ,.. .h.., , In exchanse for It neiuins, ei tiercnann ncrip win oe ihu ii umitehi " Katloirel Hank ateclt when the latter wa ab- I xrhanaenble for stock only In mulllplei of orbed by the Unk of the Manhattan Cem- 100 at the office of the company In noan nean pany. The purchaae. It waa underatend, w eke. Va. maile In the lntret of the preaent dlrectera of the nank of Manhattan Company. , . ' Cleverseed t i Teleuu. 41.. Jan. iw. .leeraeed, prim raah. and January. 11.1. 0d. Kebrusry 111! aid. vel sum. .u,mi Airia?. prirev jreunxiy. iii.tei usren, Ihv. erlma cash. IS.aS! Jan uary. 3.S3i februaiy. ib.sui Jirn. js.be, ohden, Jan. in. The weekly !m.nt nf the llank of IlnMand liews the I elinwh?3 I rlLinsr: leiai rcsepe Increaaed (I.OIB nun circulation decreueed tl.O2T.0007 liulllen de fl.lHh.OOO; ether deposit, UecrVaVed iiu.i.iiw. vuiiu i'vwvaiie iiicrael liuiee ment Phlla. Ins. Wire Cuts Dlvldenri Hen de i Philadelphia Ineulatert Wire rm,m. ,. prea.ed rterlared a dUldenn of SI per ahure nv Hi" ' "a-'F.-bruarv 1 te .te. k of record jL'n'ufSi'.Vi" BAR 8ILVER rin"'le bar allyer wa unckarjjed In New I Match. '1".08 c tadiy at vsHe per 3ne ju.u'u. fnrtUn. twti 111,70: c, a decline of He. In londen ih Sll.s.1, llme . .,. VUUI k IIIVHIII. .H, ,. WHS U,lUP.t M. r. . " " lliVfr.etg I J ,IJ '((.(inn. ILiv.ra I ninaUnn I. im.M.rt.. C"' '. ."""Oard aecurltle rtcrea,d t7.SU0.IHV). "ri". :.,,i .hi .1(u C ...:'".'" . .""!ln"b Illy of V. 17 07 per cent li,t" JT.,Jrvl! ,n H-bliltv i'art . ee.m a. t aurplu.'w.rrint. 'ThtX iRr-caa,. W er.V.rka Her,'.,,.15--8 ft:.ffl.nf-Sehn,Sl.,a:r,rnWa,S.,B holder.. ya that the er 11)21 ui.0.",. t nnmlnlnn O.M-. ,.. ,.... lllirlnS Whlrll Ih le of the Mm.....B" "n .w.i tafiiutia uulu li vin.nii , .... -. . i. . --...,..uv rparn " -w '...MI.LJ .11 111. IIIWMDL Ull I11L in.. I..,. ... n ... Ill Dein Yeru prlc wss 'id lower, Slunlrenl. Jun ' T"-- c-prrpnny, i.td iiv I he rinmlnlr.fi n.i.u. Im- declared a uuuri. riv al StUd. " . . , '."" """ ravable I'ebrtniry 10 te ntnek et record Japuari si. Privl. Semyaul.rt?i?.Mny "M" P",ln' 2 p" eilrreil In Julv an-J Ausu.t. from whlV ti?,". Iiiey nave rccevereq. While lea for .h.. aii rnemna were SiSILTSU. H,, ; (III. I als rn tSljI.eilR te Jf.00-.4M nf neriemije? 40S. no eniy WANTED One of "e eldeal cenrerr In t'i I' S. Invitee li.'iulrte, from bu,ln,a mtn bavins fliiunclal reaeur" te handle the rit.,u1'e distribution of theli nationally known meter predui'la for the 1'hlla t,lphla lerrllnrv The demand for these product ' only limited by the number of i-Hre, truck nnd irvcle.a and marine and natluimry enalne new tt ue and in be r.ianufeduied. Ihcie pr.wlui't- hae no rornetlllen. Iiflns covered by lialii tiatenu. and, lliuiir.' Inei liaie been en he market nnl" ,W ihehIIm ii -e helnr mld all eier Hie world. ''h deinuml for ihrae products i Hlren.K rreaied anil ex latlna and a en sreel n wa niu the seliialv- atleiilluii nf UlMriliulera In each ,l,l,w,f A 03S, T.EDOKR OPrifR Guaranteed Stocks MORLEY, WOOD & CO. 333 Chestnut Street Member N. Y, Hills. Hteek Rsrh' Conservative (nvcsfmcnls MaoMcekin & Williamson I hi ltere ROAD a HANROM. T. , ibers rhTlss rjlerlt 5fhin , H-, 21i '" V f -i'jaiu i rjyi i 4 'li -.' ! fc&.l. fi ir.i i wa p, CtN -A, ii h ' gi'tlMvr. rif4tfj jfbar!&
Significant historical Pennsylvania newspapers