J-V7.i-"N jRJT i "Hww M" '?7'. "!''' -;2?T3(t,- 1, 26 EVENING PUBLIC V LEDGEK PHILADELPHIA,; ' THTIReDAY, JANUARY 26, ,1922 . rj . y. j . ef -j irntiT .. 'n; w m r 3 tf :j J ift5.HU i2Sinn tt'- tW'8 n? ? TW 1I4W Jl J f cl"2 II L, palely nd Wisely handling nn estate de mands experience, and cnlla for the solving of problems that one should liesitate about leaving te the discre tion of nn individual. This Company operates perpetually, is never sick, is never tee busy and never takes a vacation. It has no selfish interests nnd is absolutely impartial. Our officers are always at hand te meet every respon sibility, and may be con sulted at any time. Integrity Trust Company Fourth and Green Streets SUFFER : IDERATESEIBACK NEW YORK STOCK EXCHANGE TRANSACTIONS Market Proved te Be Thin When Peel Operations Began te Slacken 1 Capital a Surphi and Profit. . $300,000 .$1,860,000 Western Pacific It. R. Ce. 1st t5s, 1940 Scries "B" So!e rumlcil debt of the com pany nnd u first Hen en 1011 miles of read i-enlltultue the main line from Salt t-ilte 'lty :e Kan Frrti-cIfiij f Price 100 and int. United States Gerrnmcnt Bends and Certificates of Indebtedness Harvey Fisk& Sens IMOON POHATI1D LAND TITLE DLDG. PHILADELPHIA NcwYeik Chicago Dosleri JOINT Stock Land Bank J Bends arp issued under authority of an Act of Congress under direction of a Bureau of the United States Treasury. ' With ether bends they have been classified as instru ! mentalities of the United : States Government and are free of all State and Federal Taxes, except In heritance Taxes. I ir invite inquirjt in respect te the above or a,,' ether invest ! vicnt subjec'. HARPER &TURNER Investment Bankers JfJjmbeTJ 0 l'hiladelplita Stock Ezchangt vj Stock Exchange Building sfrinten Philadelphia ndinr fe ..,,-r-- x3OTOti A Is Mfa$. m IYTmttlu c EM0 itWif 1" mi 1 ptt&'&i'&l Phila. Electric Xmv Yerk. Jan. 2V Tedny'w -took 'mnrltet ilevc'eped detinlte fractienary j vmpti-nii nreund midday which wic !net unexpe"ted In view of the dcMilterv barklne and filllni; nf the immediate ireeedln:; "eiuieii'i. Tlirre wa. 11 f-et-hnrk riinnliip from 1 te 'J point in me-t f the aetlvc isme and wltli wtd-'r leelines In Reme of the recent over-ex-I nlolted peel Fprclaltlc. The revcrsn' I diKclnanl n technical position net per- I tlculnrly Mrenc. but still anywhere from I "ring weak Ncvertheh', the market , wiiK found te be quite thin which wni altogether natural in view of the ultra- . 1 'tiirciMeiini character of the ilcallnc nd tli" conspicuous specializing of the ., -radlng which h marked the opera- 'it in reeent wceltM. There wa no .iwintien of the n- i rral .f the trend with am of the out- ".ill happenings as the cevernin;: in- I Tience were contained willnn tl. 1 d.arket ltelf. A wllliiiRncMH en t!ii- , I'.ut ei the various poe's and -pvuln- . lis- clliiues te eentitie the speelnl per j fermrtnees a ninnifevfed. but the further Kueivft:I rxpleltntinn of thee 1 mllvidual demonstratienn were creatl I 1 'latidicapped by rensrni f the pesiticn , 1 taken by a number of the inlinential 1 reHimisMnn houses. Most of thes were I 1 opposed te customer participating In the movements ti( the various (.peelnl- ' ties which have been RUlns the spec spec taeulnr perferman 0.1. Thi- oonse eonse oense qent y cut oft" quiU a eusnleral'le tol tel tol 'ewinz, and ntheis who had already been attracted upon te attcmetmc t" eii'l.5e eij paper prell'.s fe.tnd tin mar ket veiy thin Jr lie of the h-di peels retimed tl'e.r epe ntletiH at the epenina a"'l "lie or tw'e se'eetc.l iues sere bid up one ,r r , p..:,ts, brt the market ree:i showed a ''red r.ppearance and fn.led t" held. l-riu's hrealtins erv penernlly nfte- the first hei.r, nltheuali f,irlhi'rea"rient of the mei.ev eonditiens was forecasted In I utT'rins of call mene at f'-j per ivnt at Jj per cent under jest, rdiiy's iipeninc rate. Studehaker reacted I Iieint. Davisen Chemical. -1". Htnl I tide pendent Steels. 1 te peintJ. lielhlo lielhle liem wa3 nn exception, its tirmnesi beimt nsteilatetl with the publication of the company s tinal report ter lii-l, snow ms eurnlncn at the rate of 12 pr cent. t'eiM'ers, uioter- and eiU be, amc heaj, Stamianl Oil of New Jersey lulling 4 pelntn. Italls rcuetfd, Keuditi declii. mp I ; e.r.t unaer steady pressure, t'-e ,iersal evtenilltti te ether "mI.-. T.ntiie i.tiI chain-Mere issuer- vuie '.in.-, te .1 iiu el iccrger .ituiera. 1 , Commodity MarkeCs GRAIN MARKET Chiiace. Jan. 211. Wheat t-tarted ' V4e lower fur Mav nnd unchnnced te 1 I,.- eft for July. Trade was moderate. : I yeven cars were lnpicted yesterday ntut 1 , the last' twenty-two. Caish wheat was ( fir;a with (reed demand for better R-radrs. Small letn of Ataerlciui wheat 1 were worked jestcrday, but tlgurcs were net trlven. Liverpool futures, epi ucd V4d lewer: sjiet were or. er. eh.iiiRet1. Cern Martcd unchanged with a j.al! and featureless trade. 1 ..Oats wen Mreng with i-ora:r..Kleu , lieu'e eelllng eSset by buying b" -iiip-1 plnic Intercts I COTTON MARKET I New Yerk, Jan. 26. An opening de cline of 12 te 40 points la cotton tuU morning carried prices te r.ew 1 w level for the present movement downward. ' but there met considerable covering bj traders who had led the selling In the 1 last few dayi. The further break thla rcerninj, after yesterday'M late weakness, was at tributed te peer caeies, active hemng by Llverpcel, Nev.- Orleans and the Seuth, and easier ferflgn exchanje rates, lleslce nherts, the best early buying wis for Wall street ecil th? trade. Up te 10:15 o'clock the mar ket, while active, showed little rnlljluif power and held earely steady ar abej; Initial le-e'.s. ' Receipt at the ports for the day are estimated at 14,000 bales, ajalnst 20, 035 ba'es en the corretpendlng day a week age; 31,020 bales a year age and 24.661 bales two years aee. ' Previous Cloi Own Mireb H-0S 14W May 10.US 10 J2 MoetetMr 13 ea 1S.S0 ZKtTr.lKr 10.63 IB e Dtv Sulrn In I 41 .100 M0 21fte ati.t 7JO 10 A 3(10 ioe 10V.I0 tee 21. 1.) tOJ 3U0 ttu 1.100 10)9 109 109 tOl'l 19) 2'0 300 70J tee 1S30 10JJ3 19) enoe 3.)0 .10) 100 100 19J 430 1 3)J 100 l'WOT 3011 3t0 2)0U 10) 2)0 100 109 400 109 Oil 1CD0 tO) .'101 JO) 103 Ml nun 1.13 in j 0 .me ; r.ej tij SOO 11) :ei an .je 3J10 1U) ltne 100 101)0 10) 3)9 101 101 1.0 aie 10J 10) ijm CVJ VliJ 3)0 103 100 30) 3210 :e 4510 209 r,3u 1700 10510 HICl) . lli '. 49 W . 14H 1M m . ?; . si . 87'', OUfi . "h . Of, u . . Adnm Gtpresa . . Advance Ilumely . . . 4 Air Reduction . . AJax Ilubber . . At.iN Hubber rts. ,. . 4 Alt ed Chem A Dye. . 4 -Alllfl-ClialmeM . . Am Acrlc Cliem. .. . 4 Am II Shee Pdy new. .. Am Hee!i .Macncte. . . Am r- -i 7 Am Can pf 12 Am Car VAy .. Am Cotten Oil . . Am Priig Syn .. Am Hide A leather. .'. Am Hhi a: trfnt'.ier nf (iota 7 Am lev 84 .. Am Intermvt Cerp ... 41j; 1 Atn-t.( tr-inee Knff. . . OJj . . Am Lis.eti 33 . . Am t.lnset pf 87 0 Am locemotlvd lOIVi 4 Am Radiator 63 . . Am Sfety Rater. ... 4 .. Am snip & Cem.... ft . . Am Smelt 47 0 Am smelt pf S0'4 3 Am Steel Foundries. . riU .. Am SumatrA Mh 7 Am Sumatm Tcb pf . 0U"1! .. Am sucar Ref ei 7 Am Sur R f pf :'A J Am Tel .t Tvl U'.'i 1? Am Tobacco 131 0 Am TobAcce pf new 100S 14 Am Tohaece 1) le;-i 7 Ara Woolen f3 . Am Wrltlnc Papfr pf 1 . . Am 2!no Lead 4 Smelt is .. Anaconda Copper .. 30', Ann Arber pf 3sj 4 Afpe Pry Cie'Hls.... 53Vj 6 Atch Tip & Santa 't. 90", 5 Atch Tep ASPpt SG'i .. Atlanta Rlr ft Atlantic Hi . Atl Oii.f W 1 8 a 79JJ . . Atl Gulf i WlSSpf .. Austin Nicholas 10 Rarnsdale Class B. . . . 70 7 Baldwin l'-cmet've 97 1; Baltimore & Ohie.... 32t, 4 tlaltl"iere & Ohie pf . . H :. Kthleh-m Steel .... cm . Drltleb rm Stee! '-j .. Jirtt 11m ytei jjet pf. , eni . l-lt Mm Steel 1.1 nf. .T". . Britlj:. Itrplil '."ratmil 9H . . RrUlir. R T ctfs or dep 4 . . ltiinn Hi js . ... .117 . . Hums isn-s 11 .... 3) .. Butte i"v-;.p?r & Zinc e'.- Butt,- ,t Suiicrler Cep 37Ji . Buttrr C't 30 .. rallf.-ir.m Peirelcum 40M . . Cadde Centra. O & R 11 0 California Packing . C9 J Calumet & Arizona... CO 7 California Petrel pf. .. Cal Zlr.c & Lend 10 Canadlun Pacific . . , . Carscri Hill llir.irgr. . . Central Leather . . . . Cerre de Pasco 0 Chandler Moter? . 3 ("hesape.ik-9 & Ohie . Chi f.- r. Ill (new) . Chi 3: III (new) . Chi M'n St P. ... . Chi iill .V: St V pf.. 5 Cr; & V.irt'.uveiitern . Chi R I & Pac. 88Vj ..134 .. lJi . 35 seu . . SG . W . . !" . re'j 04 l'i Chi R T A IT 7 Ch! li I A. I'ac Chil? Copper . . Chine Copper . Cluctt Peabody 1 Coca-Cela . Colerado Kul & Iren H Colerado & Southern. Celum Oa.s & Wee.'. . . Celum Graphophene . Cel Graphophene pf. 4 Cemput Tab KBcerds Conselldatrd Clear Continental Can 5 Cem Product)) Ret. 4r0(l 2.50 COBdett .; Ce e5? .10 3', 4 "1 ! 631-c . S3 . 71) 10 Cl8 1 UO r, m 10. s 1H8D I 16.99 1 1C.40 NEW YORK COFFEE MARKET New Yerk. Jan. 20. Thn local coffee futures market opened en u falrlj active trading bisla, call prices beinz unchanfrcd te an advance of 0 points en Wall street and commission heuy buyirjR. Shortly before the local open ing;. Santes was reported CO te 200 rets hisher. nnd tnis may have cncjjraged ceinf of the early support. The market waj very quiet ar und neon with prices at Initial levels It was pointed out that xvhlle Urasil has recently whewn t-lKna of reakuess, it failed te encourage any disposition te force a decline here, ewln? te the pessl- Kill,, tit IflVlni. nn r. ferrh nntldu V.r "' - - "."' '? -I' ".-"- V"" ."' IB6"-'i':1'iM.n(tirjii.,-ir.r,i7jaj-.'3. these wue tueK ever ttie ix-enitir ue- livened. Preferred Stock Rights Bought Sold Quoted BATTLES & CO. EitabUshed 1S90 Indeprnileivr vjimrt lljutl UK 49 Vr Utf, 'U 433J aK 37 , 5 90 tie'4 31 Kj 0' l u OO'i t4 mi 13. 37 me B3 4 BH B9J4 31 i.m; 93', 117 U 134 100 170'V N7!i t W. 1')" 33)4 3V, H(1 80V in 39 31 15 V, 30 9.".;; -.3' r.cu 9 i 0H:- 9'i S' lieu s ! 3il 30 4C 11 csh no 8f isa 13 H "115 ?r. 19 U jsv; S3J ist; (14 ItKO 1'. M. Met Chge. fi'i - tt fci 1!':4- .10 43- 3l!4 .H1S .17 - 14C'. - siJi - Oti 13 W -t 40 - Tir 39 4 37 16u!i B3 4 BJ4 -30tj- r.? - 13', S3 - h;: 134 ion- !- :s - t:si- 3Sfi- en - 80 W-2- '14 39 - Ji 31 ,. ie -J- 55 -e rK- HJ ' .S3" Wl ' rSI 'f'ii 14! 0 a ;- no- 13 r, - e,:.- s'- Hi' ',4 39 ti- 311 4A 11 - 60 S3J4- 134 - V !a 114 1 m "a V Va c I Ti ' , ' "i li Ji 14 'i t'l Si I ? '3 l'-S I 1W 14 l!4 H niv. Snlm In I 010 880) 1800 HOD 510 aoe 310 1799 300 3700 , 73) 300 1 109 SOO 3)0 6499 190 G00 H110 1319 !4 - 1 V. j 1 y 138- 31 Si ns - 6V4- 51; i t!4 V 3-r. -1- J - 30 . -CI it:-.; K ? H c, pr 73 !i T pf 80 17 H- 37 54 3H 37 39 CSJi Mi C4 07i-i 37 Consolidated Textiles. 13''j C30I) 4 Criicib;., Steel 103 : crucible Stei' pf. ... . 1UJ) .. Cuban Am yuear ''''Ji .. Cmi Cunc Ejear.... 43)3 .. Cuba Can. S-jenr pf. 36'tu 4 D.ivlsei Chemical ... 100 j Delaware & Hudaeti. .lt''n 10) 0 Dal Lac; U Western. "2 V Wl 1 Deme Mines 21 100 .. Duluth .Se S & At '-h 20) .. Klk Hern Ceil , 100 .. Kmenen-Brantlr.c ... EU 3103 is KlearlC S.erane llat,.147H 13J0 0 lind cott-Jehr.soa .... MV. "0 . Erie b 5800 .. Kr!e 1st Pf 1Vv P 100 .. Erie 2d pf 8';. 1S00O a Famous P ,iy.rs L . ln. 100 8 Famous Plaj-cra L, pf 05 09) Kreepnrt Txi ... 1 300 a Gen Am Tenlt Car... 54'j C"30 .. Oeneral Asphalt .... 300 0 General Aephal' pf... 93 J0 s Genera! Klectrlc J"'. 30SO .. General Meters .... i-'s 100 7 Gen Meters deb ',?.. ' t 900 .. Goedrich B F 3' 3400 . Oray Davis 19 100 7 Great Northern pr. . . . "i3 3)9 4 Great North Ore ctfs. 33 109 . . Greene Cananea Cep. . 37 500 . . Ouantaname Sujrar . . bj; 3100 . . Guantar.ame Sugar Rta U 10SOO . . Oulf State Steel 72 330 .. Housten Oil 74',i 300 .. Hupp Motorcar 13 100 7 Illinois Central 180 1C0 .. Indlahema. Ref 3l COO .. Insplrnt en Cen Cep.. 40J4 1400 .. Interb Cen Cerp 3H 330 .. Interb Cen Cerp pf... 7l, f5l)9 .-. Internal Afrricul .... 9' 5UU .. Int Aprlcul Cerp pf 3714 400 5 Int Harvester naw.... h3J4 130 .. Int Mer Marine H': 4 6JJ Int Mer Marine pf .. 07 V; 1000 .. Internat Motertruck . 31 & 3010 .. International Nickel.. 1!?4 0)0 .. International Paper .. 50 599) .. Invlnc bio oil Cerp... 1414 3)0 .. Iren Products 3s 30 .. Island Oil 3 400 .. Jenes Bres Tea 75H 330 .. Kansas City Southern 3-Vi 300 .. Knnsae & Gulf Jt 100 8 Kayser 4 Ce 84 fin be - u r.li 17J.6- a, -T;-4 '47'... - ' I 61 53!-f 3Ut 4s;-i j--j M , 37 37 -i U 39 39 ! utt ch - i;j m - ;-hi aw 6'-,- M rs rn'4- 154! 37 37 1-1 1 in i 14 - ; 53i 05;- iu lOlh 103- 'i 33 33 - ci eti- Jii f3 S3 -1 I!) 19 -r ?i- KM OK- .U 31 '4 33) i- -v. I 07 i 56 l 1 107'i 1077e - - U3J.J 113 h- W. ?ii4 71 h- y in ax- . Ui 13 -5- , ?U a'.-i- W lltu UOU 194 1 7S 75J4- , tfV, h VJ . . 1 13VJ ViVt- n s H- 14 1 79 e . . ' 05 85 -f ?i I 1" 13 VJ- !4 c4 54 vj .. ' fit,'; 5f'4 - 1'4 03 S3 .. 143 113 H'.-, . J i-0'i 0'J - ti I 37 37 - V 17 'a IS -r i :;, 73V4- H MJi aiji 37 37 !', h'4- J4 la 14 - 6BJ-j C9 - 1 73 7.1-3 13K 13H- 100 100 - Vi 3U 3J4 .. 3H 40 - J4 14 ?- J He i 3 0 - i 30S re5i- H S3 83 -f VJ 14Va 14's . C5VJ CCfi- ?4 30, 30VJ- VJ l'.'H H - 4s',4 4svj- m 14 14 - li 35 VJ 25 Yt- 1 2H 3H - 14 35K 3K- XA 23! 33 - H ei e J4- 54 b4 84 -r 111 44)0 1C00 100 3409 3300 300 909 100 590 109 33) tee 1030 300 100 4300 300 100 103 74)3 000 3300 103 199 109 100 399 100 100 K0O S30 3S09 4000 390 me 30,1 110 03 5)0 300 110 300 1700 133.1 1309 600 Hlch Kelly-Rprlnafleld Tire. 37 Vt Kennecett Copper ... ' 14 . . Keystone Tin 10J4 0 Kreece S 3 110 .. Lackawanna Hteel .. "li Lake Krle West pf 39 05 m 10 -li 47 104 "114 18 " : .4 S314 3'H 105i 113',4 37 W 13'i MJA J. 3 H'i 35!4 11 14 45 lSli 1800 8.30 Leh'irh Vallev ..7. Limn Locomotive .... . . Leewo Ce 1 Left Candy ... Maclntyre 1' Mines.. .. Manatl Suuar 70 Manhat Shirt .. Mnrlln Oil . . Mnrket St Rwy pf . . . . . Market St Rwy pr pf . .. Martin Parry . . Math Alkali May Dept Stores 18 Mexican Petroleum . . -- mi vtvuvut' 6390 1.80 Middle States Cerp... Mldvale steel . . Me Kansas & Texas.. . . Me Kan & Tex pf.. . . Me Kan A Tex (wl).. . . Ma Knn & T pf (wl).. . Missouri Pac fta . . Me raclflc pf . . Montgomery Werd . . . . . Mutllns Bedy 0 Nat i:nnm & at 7 Nat llnnm & Stamp pf 87 0 National Lend 8' !i .. Nev Cen Copper 'l 0 New Yerk Central.... 7s 0 N Y Chi & St L 2d pf O-'l . . New Yerk n h ,v M.. h 3 New Yerlc Ont & W.. 3tl 7 Norfolk & Western.. 99 4 Norfolk Ss Western pf 75 3 North American ctfu. 5 3 N American pf 4llt . North Am Clans A Rts. 7V0 7 Northern Puclfle .... " .. Neva Bcetla S & C... 3414 2 Nunally Ce 10 . . Ontario Silver Mining. !4 .. Okla Pred X itef 21 Orphe"m C'rcult 13". Lew 37 28K "li 11514 47 Sft AH 4 13JJ . '4 (5 40M 53H 18 li 3 31 24 103 110M 37 13 3.01, 94 3 814 34 10V4 45 134 33 30 H7 W 8 73 Vs 03 . 14 31 14 09 73 .v; "14 7 77 2514 10 14 2' f l-.se P. M. Net Chs. X 14' H M J4 'h l 1!4 14 14 14 H 14 1 IK lb " 14 37 - iey4- lltt 4 47 - 3ft H- 94 - J2VJ- 10 4- 3!i ' ir, - 40J14- v.1H 18 " -5-i8!J4 M)4 SM -KB -UOX-37 - lU :e4- M- 3 23;t 56 iVb- 94 13 13 . . 35 - W 3C?i-i W ft7 8r54- n-;- "35 - 03 r 99 -75, -V 5S? ai;-f 7 77 ?5J4 10 4- SV4- 13", -'r LOCAL MOVEMENT WAS UNCERTAIN Realizing In Sterage Battery. Philadelphia Electric Issues Had Streng 'Support fl Otle Rlowter 1H -U l"- x I 2411 and the preferred appeared te have .Otis Steel il, I 'i ,JW- . found n felld bottom tit ITT'.- Thr I SW15H 1A?.tt"nc ?5iV :U iV4 1i"rllibi when iesued" n fnlrlv brecii ?, paL011 ,;:; iU 5n Je- l I market nt lj. In view of thn easlei P.in-Amer Ptrel .... Si CO? e?4- . I .. .,.,.. ji,i ... i.ii, 0 Pnn-Am Pet Class E. 4C . . PurlHh a BlnRbain... lsi- a P'iiri.vlvan a R It.... 3?4 . . Penn Seaboard Steel.. 9 8 PepIea Gas Chteace. 19 . . Peoria : IJastcrn . . . . Ptre Marquetl 3 Prre Marquette pf... :i Philadelphia Ce .... 3 Phillips ret . . Plerce-Arrew Moter . . . Plerce-Arrew Met pf .. Plerce Oil a PtttH Ceal 100 1.8O Pend Creek Cenl.... 190 .. Pressed Steel Car... 3 JO .. Producers Rentiers... 030 4 Pub Service of N J. 3)1 8 Pullman 3700 . . Punta Aleirre Sucar. . 130) a pure Oil loe Pure Oil 8 pf '0 a Railway steel Sprln; "0 t.35 n. (i M ,lf.n -l1 . . Ray C-.n Copper 08 13 Readlnrr s,3 . Rcmlnittn.i Tyyewr.:j; 1430 . . RpuleirM Mt.inl lltj 301, 53 14 33 39 M, 1I34 JO , OS 394 c:H 77 Vj li?',4 . 39 M'i ICO : urt ui 15 ja . 7' ' 3c;; ii 1100 Reeubllc Iren i Steel 54 'i 1400 5.20 Royal Hutch N Y 0 . . St Leu s San Fran ... 1 i .. St Ixiula San Fran pf 37" .. St Leuis S W It R.. 21 J . . St Leuln Southwest pf 34 .. Savage Arms 17 . . Saxen Moter '-'5b . . Seaboard Air Line pf . 5 .. Sears-Roebuck (31,J .. Seneca Cep Cerp.... 17VJ . 7 1 Shell Transport 37 14 .. Sinclair OH U'li .. Fle-3-Sheffleld .. Se Perte Rice Sucar. . .30V". c Southern Pacific .... Mvi . . .-'eutheni Rail I j .. Su'itheru Ril pf.... 4.'i:,s 8 13t.i .fliird API HO--, 4 Stur.dard O.l of Cal.. HSi .-, .St..:id-ird Ol. e.' N J.. 17H 7 Stand Oil of N .1 pflM;,) 7 fe'leel Tube pf 77 3 Stewart Warner bpttd '-.0''i .. Streu.bcrgr Carb 4e:-j 7 StuJbaker 01U .. Submar'ne Beut Cerp 1'4 . . Suprier Oil Cerp. . . . . Temler Cem &. V "A" . . Tenn Cep : Chem. . . .1 Texas Ce . Texas & Pacific 1 Texas & Pac C & O. . C.C0 Tex Gulf Sul . . Third Ave 6 Tobaceo Products ... .. 'i'rnntcen Oil .. lTii3e:i Oil 10 17nlen PaCtlc .. United Alley Stael.. h United Fruit . . United Rwy Invest t C United Retail Stores. . . U S C I P & Kdy... SUSCII'4 Fdy pf . ..Us Feed Products.. ..US Ind Alcohol.... ..US Realty & Imp. . . .. U 6 Rubber HUH itubber 1st pf.. C U S Steel 7 U S Hteel pf 3 Utah Copper .. Vanadium Cerp ..... . Vn-.Car Chemical .... 0 Va Iren Ceal & Colte. . . Wabaeh Wabah pf A . . Western Maryland . . . r, Western I'aclfte pf. . . ; W.-icrn Union Tel... 4 W etlnfthouie E A It 130 me 100 33U 530 330 330 700 109 309 4.IU0 310 3J0 3010 - 193 5):i 53 31 JO 1190 (3)0 100 403 hOO 31030 530 700 300 030 11C03 1C0J0 3330 1300 0j0 1330 4100 1330 1409 .431) 439 530 5530 153U 330 5.700 1100 300 300U 100 51100 300 1400 7S0II u 0 100 133 3)0 300 100 310 5J0 300 330 bJt) SOO 7M 3D0 5)0 700 800 3y? 104 . 4J4 . 28J4 . 21S . 41'm . 11 u . t34, . lll'i . 1 .124 . 20 h .IVOi-i : 2.'i?i . 54K . 10 a : 09 . s- . 4.'! . . t-S . 101 !' . SOVj .117 . 04 . ' se '14 IBS r.-A., ni.'j .. Wliwllnir & L H tifi White Moter 10j . . Whitu oil Cerp ) 1J .. Wick Spenc isteM Ccrp 15',i ,.. Vriys-Overland ajj . . Wilsen & Ce 33 8 Woolworth F W 143 4 Worthlngten Iump... X US Wright Aero 7)2 40 1314 34 yt SJ1 3j 11 w 30 5V,H 33 35i 1W CI OH S3'ri tH C3Ji 37 17', 11-V4 li 19(1 en lfj-i ": ae .Oil -SK 5:i HJ 31',A 34 IC ; 5' illi 17;i 3J 19 40 ray, t-t 110'.. 2'4 :7;3 115 77 2915 39 tS sis r,-A aii 10 4 . 2714 3?4 41 1 ITU i 177',, .ci; l'.S --14 19 5 CT4 43 HJJ .14 101 '4 (.514 IlUj C3J4 3i 39V5 SO til f '-. f-3 01 ;; ?. 8'a 15 ti Mli 143H 4C i.u; . 3'H f T.i ve -5314- 3-t 3U- 1356 a4 -ax-si H- 14v li-;; 31 Va its tee - 9(1 - ir. : Li '314- ."0 : O'.j- :e;; -n-,- 17 31 13 .:i It! vli- 3 eivj-:- 7yj 37 19J4- 40 - :e;j - 111 t.S4- 1S - lit:-. - J 75 113 77 - sb-:- 40 x .'S?i - !: 3;j 3Vi . le'i- 44 - 2'li-i-2-!4- 41 - I6V4 h - 19 - 13" 20VJ- r:s -31 U . 144V U13 59 -7J4-13 5K .14 - KKV4-e.lhl- 117 iO - Mi . I91J "?5-f 33 VJ . i;j- 0?i- e?s ; MX - hj.j- 13 . 3!4 .11'4- 1 1 '. I i Price movement in the leel ina-kct was unccrtnlu and mixed. There waf. however, little activity except In I'lill I'lill e.delphle Mleetric Uitiea pnil IJlectrlc SteraRe Tlettery. The dee'imtH in the lant named fell off enneidentriv a com pared with the recent fcsMens. and there appeared quittf Fome profit taklnt, whlcli wns I0.be expected In vlev of the recent sharp advance in that nprelelty. Thee b.'iIch for the (line lielnc nt least were in excen te the demand with II10 resultant reaction In the stock te 140', cempa ed with the ten urlee ciadevcs- Uerday at 1-1.1. The Htrect m Rcnernl Is ns wticli In the dark concerning the real motive behind then remarkable movement as It was when It darted. Ilur.inrw ner:dK " ,, I the company hus In mind a capital re , I adiustment but these in close teuele ij with the mnnngement lnsiht no mk-ii plant are contemplated in the Immediate future. There hue been erroneous KtatemcnN made eenccnilti;: the hlsh n-eenl price of the stock. It Keld at lfi.1 in lniD, hut during the curly ex ploiting of the company by prominent local and fihenels.1 lntercHtt in 1SIIII 1DD0. it sold nt 104. At that time it paid no dividends and its future waH very uncertain. Healings in the Philadelphia Electric Imucs continued felrly active without mneli -linncrA In rttri TI.a r-mnmnn i wan apparently strongly supported et e e 1 ler money market condition It Is be'Ieved ' the new bluck of jpi.OOO.WKl preferred Hleck will im taken by the !uel:hnlde.r. There itt m-t much te be uid cei- 1 THE PENN MUTUAL LIFE INSURANCE CO. OF PHILADELPHIA Heme Office, Independence Square 1 the , Philadelphia, January 26, 1922. Pursuant te the requirements of 1 Charier, this Company publish following statement, beiiiy the principal features et its btVKNTY. FOURTH ANNUAL REPORT te Policy-helders: FOR THE YEAR 1921 RECEIPTS Fer Premiums and Annuities . $37.703,496 24,' Fer Interest, adjustment of values, etc ' 13,143,934 65 Total 4 DISBURSEMENTS Death Claims Matured Endowments, Annuities, etc....... Surrender Values Premium 'Abatements, etc Accumulations paid under deferred distribution policies... 1 1 050,847,430 EJ $9,483,644 73 4,675,020 92. 5,155,220 79 5,516,296 01 1,84(3,872 52- Total Paid Policy-helderu ! .526.679.05S 00 Instalment payments under supplementary contracts, etc.. Federal and State taxes, licenses and department fees Rent and real estate taxes and expenses Commissions, medical fees and afrency expenses Salaries and administrative expenses Advertising, printing and supplies, postage, etc.... Added te reserves , 1 etul .................... $919,624 93 00,543 20 515,927 22 4,806,965 63 1,010,521 00 217,357 50 15,872,434 36 $50,847,430 83 ' ASSETS 4 i SStftSSlS rlSi,H'!MBS'Ft. Second. Third Fourth and Fifth Liberty Leans....... points te ":i. but this is the u'luu ex- Mate, .Municipal, KUiireati nnu e-.ncr 1 i; jus-j.diicc uuuuins lie'rience In tlieee lssiies becnu-e of thcjrjentis Stocks ' aier.crs' valuation. inability of tome holder' te take nu- 1 ' , , IU Ji U vantage ei the p:lvllcce. Philadelphia Stocks Lew 1:15 I". M. M7!, S."A 12 !i "A 1 1 4 i a 1 U !3 li Va '4 S Rich .100 A1H Pack , etH .... '7 WAlllH-Chnl 'X-- 10 Am HteieH RT,h, 111) de 1st pf.11.1 1 100 Am ShJtt' 8i 'M Am liiis.. ."U-. 411 Iluiik N A v;at- w i. ."(1 "itlli'ld l.ei-. nTv4 T. ('-in Tr NM 44 UO'.C.irul'r.-d.lO'i H'C'j 10'J' - "OtDuv'n Ch 'W, sa4 r.i;-;, 571 i.'hv Ster.l42W l-JO',4 1-H lOOIl'um Play .SO '$ K04 M I'O (leti Asrli. fi7 .")7 57 iTOffi.'nt MtrH S S"m Hh aeOUlulfSStl 70'ft 70 70Ut-r. Ntt ctlBO. MertKAties and Ground Rents (first liens; Leans en Policies and Premium Notes within Reserve Values Ler.ns 031 Bends, Stocks, etc Heme Office and ether Real, Estate Cash en Deposit and in Company's Office Interest and Rents Due and Accrued, etc Net Deferred and Unreported Premiums ; V. 'A Total, Dec. 31, 1921 K.V... nr, -1-1 J LIABILITIES 1,71. j.' .1 I Uesi-rve3 te Mature Policy Contracts j 1 -- 11 1 Pr, t.-v Claims 111 r.-ecess 01 scv.utncnt Premiums Paid in Auvanca, Uncaincd Interest; etc Dividends left with the Company te acc:i::iu!ate at interest, iubject te the order of the owners 01 the policies Accumulations upon Deferred Distribution Policies Reserve for Mortality Fluctuation $25,219,478 70 : 00,502.237 30 li 496.274 00 89,193,596 72 ! 43,583,052 96 1,285,672 79 ' 2,041,111 83C 2,460.023 12 3,589.180 61 ! 5,609,914 80 , .$233,9B5,547 83 nilTIIlt .MCKCl I-V4 llM)Tleniset:ep 'M'h 2S, rtlll' M iajt m ii.Mx ret. in" niy. jnvi in I 12-Ji 'li Reserve for Asset Fluctuation and ether contingencies. it.m-k ret. in1, iiiyi iiiyi- nmiMidvaie. . an :ie :wA- lOOtl'ae Oil.. 451-4 JO Prima iVu Light pf. 40',i ail) lvH. It 11 .'!4',i L'OOilVnuabd .-'leel ... S"..'i :V iVntm S.H 70V. ;::7(H.i:ii v. .- .VI.- w I 11s- :.t;7 Phil:; Kiei- 2.1 i 02 .!" p.-f-T ... 27Tf, L'OOtSfuii'-hakr l0. lOOtTex & P- L'.7-''ii Ml Teue Mln. l'-j 20 di True. :-.. 1.1 UO I . . . . :is-, 2."i de pref.. C1U 100 W Crump & enn. 40 j;;vt -l.Ti Premium Abatements for 1922 Total, Dec. 31, 1921 $205,?3r, 708 42 773.575 8S 2,eN3 5 36 5,040.266 60 0,559,202 '62 5,251.960 00 2,839,948 95 7,100,000 00 ..$233,935,547 83 401'. "'- - 1 : 27i,L f.'t) 27 -s W, m 51U 40 40 V-.. StVi.. S''i 7)'. -- J'-.'.... j:t HO -j-1 27'M-r :;n I 'alvi:ig the Company'-? Securities en the Amortized BaiK a-itherized j by the Laws of Pennsylvania,' New Yuri: and ether States, the Ucscrui fur Mortality and Asic. rluctu.itiens. etc.. $8,091,008.95. wrull have 'anietm'cd te SI 4 AC5 ,4'5.S I . and would have added lu the a;,ets $5,97.1.iS6.8(i;? ' BUSINESS OF THE COMPANY DURING 1921 1 New Business paid for in 1921,31,876 Policies, insuring.. .. $136,509.5 00 . .-.. r T....t ii imi '-jit,, J.e.3.1 lilt.ur;iiii:i: 111 iuac, iviv-:iiiuti 01, i.i, jju,ij ;i I'eltcics, insuring l,UV(),757,:09 00 Hi')' v i Tetil I'amcnts te Policy-holders since Organization in 1847 $347,049,935 9J 40 2 ' 1 'A l-a U 1 1 IK. B tl.'et chenst tnnin by convarlnen v.ltli lat 1,4.1a en Ntw Vurlt Btftclc UxcIilusa. ' rnir.Mini.ntiA r.0M.s I 20000 Liberty 2d -IMh '42 llil.HS LfKK) Ubert ..il -IfHrt '2S lets 117. TA .'tOOO Lllierty .'Id -IVli '2S 117. fill MO I.llerty 4th 4ts 'HS.. . H7.IK) I.'IKIO l,ibert ltu 4'h '.'t.S..let.-, Pti.fiS .10. m Victory -lllrt '2., lets. 100. 24 700 Vieterv 4"4s '2:'. 100.10 7O0O Vletery 4rls '211 letH.1O0.20 'je victory -in 2;; letx.iixi.iL' r.ieHAr.u s. urucj: HAMt'KI. II. ITINSON JAMi:.l WUTTK1UVOIITK rilAlll.KS 1'. HARNEY C H. V. "ACKAItD j. :;:iv,ni) m'uiiav Mi'-lH.S 1.. Clul'HIlSH J . ilAN'CHOI-T ..iT3:u a. i!.vii..:'jt Trustees WI1AIAM M. COAT133 JOHN- S. JKNICH, Jr. j. iiewf.j.Ij 'a'MjriNc.i JAMKd CHOSI1V IlllOWN s. r::MiiKiiTeN mtn-Ht: u. dawhen cei.uma:; 1.. wai.tl::! ci.ah;; 3 TnvAitt) r ln'Nt-u IIOV A1.I V i-IIUKIN w. ir::rwAnD mtet.s SlOltTIMEr. I!, Mti.utn "II.UAM V. NI'IVH'L V. W. ATTKUn..-:iT U'jJ? oiceutii; :m'alhi...' C'l.IXTON T. .Mti if-i.1 AI.HKIIT A. JAl t r X VtL,) tAM A '-A MENJAMIN III hU U J ri Va re Vi ?i 1000 Baldwin Loce Is' fls.. 1O00 LehJKh Viil ey fte 1000 1,1-hlsh Valley i 100 Phtln Klretrlc lxt fin. . luOOPhlla nieetrle 1st ."Is.. I'OO Phlla lOlectric 1st fin.. 1000 Phila Hlectrle fin fiOOO Welsbnch rs 100 100 "s 100 V6 n.v,; 111! e.-.Vj 101 TB OS DIVIDENDS DECLARED nmtirnern and Ohie, aeml-nr.nual 3! per cent tn ?reri.-rl, pnnlIe March 1 te ntrek et rfce-il FnhrUiirs- H. feii'.iunt4l I'aie-r r id n.'.t MUH, quar rr,y ut 1'. ir crnt u beili minn.en unJ prnfi-rr' '. -.livable 1'cLruary 15 te rte.l: et hnull.irn I'll" I.lr.e, qunru- of JJ pay- f uvt ;Mtll l i.- m.rit ui rcnra nruar- r, ' l'nlii-4 1'ewf.- nnl Transp'ir'.atlen Cem. la'.niiy. .11 !). hi rable Jnnuury Rl te t'e. '. IJ-hnlilfrn (' rcenl Januaiy 17. ll.,en en L-emriny. quarieru u rir ci-r.t rr.jable January SO te txez'.i et recerJ Jnn uary -4. ICrynteni- VTuteh Cat Ompar.r, JU4rtrl l'i t"r cent, pavable retiruary 1 te otocli etocli otecli otcers c rcern January Ji). .GEORGE K. JOHNSON, President . The foregoing exhibit shows the strength and Stability of this institution, guaranteeing complete'pretectiori for any, relationship in which death would otherwise nican less te survivors. ' Its policies cover every life insurance, need as well as life incomes for old age and replacement of estate; values impaired by taxation. H !il '4 S-i "51 ?.; H4- Vt MtiiiiJiiJJjxjjjLaaj-aj-ij.j'j.' 'rir BOND SECURED NOTES Publ'c Utility Company Established 1904. JIaturities from 1923 te 1927. Earnings 2.10 times interest charges en all bends and notes eut3t.-indinj;. Average yield 8rl Special circular en rcqutst. Fairman & Company Drexel Hui'dinR. Phila. j KatublMirrf Wl ;A. H. Bickmore & Ce. 111 Ureudwpy, N'ew Yerk itar-h Ju v t-' Tet. close . . h S3 2 31 Orn S 41 3t H 3!1 S J4 H lOq'Sl LIVESTOCK QUOTATIONS Chleo. Jan I" ATTLK lUcelpta. 1S.0AV h-al B 't .' meitly ateucj lf HuU llltr.'e' 7.ri5 . iin-i CARRIERS ASK FEDERAL I foreign exchange AID IN NEW FINANCINGI Slump In Canada's Fur Industry f I off K tier -r.t flurlni the year ldiO-'Jl. aecer!lr.B te ropertu mafle publU by thi isureiiii nt H'ailnlcn tertiiy. Pars aliid ut 10 t;s 671 v;tre taHen aurinc (lie lari yar irl.i,, (he rrfvleu.i annual -. IfM vtna S21 3R7,. 00.1. T3.e Kltn at fur bearing aiilmxln tiuu- ket f,n.v.P,i nHii.r ru .i".7'.r " .. ? 'iv v - - ue- :-. n","1..rr ' W .. . .: - r -'-- ..-..a .,.iit-u ,i.i- err.-, t-livcr iex nnn -ne ,nuii vum i- a ivir ethers wi.ii SL--4mtrf- 6 Ji. S .J'i'J le-!! BteCKrs en. ;tnrri '""' " I Meney tO UC UBCU in hCpay inn 1 -- " iii'i iiiiip", in-itfUlin KUI urn JO ivnratfiu i..i. inwiuiiiiiin.iiinu. Elfi " ilenuvs vt-al calve, aid bul,a neak U lower " a Ji pelntb, eeminml with Seh!er,lRv'H ! ' . u. . lwfti;r..el..Jh."r, fop;je"on' UMm....r ,yn. ,., UullJ.rii wre e 0 pner.ji Changes In Lflh. Nav. OrflaiilMt.en C RAILROAD EARNINGS ice te 180 "l'jblc i7' WurfiliiBten. .Tan. 20 The Bnstei mar'.H etf I'.u pelntn. S-.rhu -.an an, u ,.., ,r.ti j of tn. U.. -1 ..r ...ae.r rr 6 -h Y..IIK- CVTvfl) " WU&TKRN i-P'V s' T J..lrablc. .7S an( Injnc Unjrend applied t,. the es'-er.ti-ill. ltalnlnC a point, vl.I'n Dan- ! of t!. 1 e'.ml. tM r.n.l Ka-'e.v.e .- r ..k iik. cn-AM ..i ttuiBM. Og; eJ; , dp ebiw-interstate Cemmcice ; Commlleu teduv lab , unchaased. pw 'i"rB '. 1S!Ii,l"tliS5Ef, "ir "ctiv5-,ieJi IS p .Mrr ri Mini Au"u abeit.W, Kat 75" "tj f li, u . f()r ,enn fpem tj,e (JeTernmeat of Q-ioUtlenn were: JSTry l' ' Jya"iR,eilZ, 1 S Net upir inc..m 3!i ejl ai.anj ehlpiri. Iij. c..ic imut :at w ci 1, -q, oe0 te rUM for tMrteeti yearn. I HterlitiK cables 4.229. .le-niinil iirwiident te tu-jm i.Moelatel with '.-lien 7 TVrelv.. month.' re 14.lJT.brtT nj3.17w butcners. J7.60. la rnenev will be uhed te nay off It .wV. franc cableH 8 in T eh..el, R IK 'ftl0 Ce- u Nrw YerU! ,l'nry riM N'et eper Income. 1.SK7.071 161.000 ,. . .. ,,, ,., ,leUs lUcelsU, I lne m?",,f ",.. .i." vl tL ",. I ii', T ' Ji - i, -.M,i cnv.r''1 e.lt i htrtoter a.f.etaiv ur.d trennur.r. wh. Del.raj4 , 11ltberh. Jar. . uean - ij 'cei aij uerc of UUe amount due te the Gov Ue'glnn cabled 7.81!, checks 7.81; lire ltea t preiWent anJ iwrttury. O. K. e sboe .? '-0 w.r,' .jV5 uaf i,?ht yorsteril ernment from the railroad In May, cables 4.-10, checks 4.31)14 : wwta cables ""., h"l?.1',r: ""'t treaurer. v.-e. fll9Clci urpnuipr. i Reserve Banks' Discount Rates i nd Onii-lat rediscount ralea at the twli Fe1. eral lleierv llin. ar- t 'el e a Trem, Mb Cem I Jlkrx. CUB p! aitEi3i iiiiiiiiinmnn,. eai.ciarftcea UAMUiltti !, I Dealers in i Investment Securities !... ) miidhiii ..aw i v.. una t niraufipnta atevlt EfvnaHvet j321 Chestnut St., Philadelphia ntei Nw Yerlc Philadelphia, .. i -vxUr.d ... t!-hmnd .... Ai.anth rncaun . .. l rn. P"IIii Ka' pub iv Vi' ai ban Frarnate tHinda i-aixr ac-nt. 4.1 4t. a 41. 3 hi e nn T.-. AM 1.AJ1DB Racelpta, h.iLil Mteadi Tep aheeu. 4S.DU. i CAUVbI Ke.-'u'i. 130 head. Tep, J13.B0, 10DO op lamb. BUady. Raw Sugar Market Steady Nw Yerk. Jan. 18 Th raw cjiur mar t rentluai rtdx wlih Cubrn. for Januarv 1 men quoted at S!ll enta, cf and freUht. and for S'jtirua-y nhlpment at 21 .0 l-3J rnt re't and frlrht 1'cr e Itle -n W 1 Kt Duffnle. N. V.. Jan. 2fl. CATT1.I4 n-e.nta. 13:3 1ad Blew easv . Uali. ieeJl"ji lf.f. 'T.4.'1.- B.V.V- tir- ,..v ' !.li.htMini.a held by bankH Heav. I8 75'i5 ni.vd. 9B.7B: raxVim. Anether finance application te the 10 75. luht .LV""" ." "VaiS 7nJU'lcommlilen tedav from Hie Illinois Cen-"T-V!Jrt.U5 I .??," Stll'ir... ja ha.i. Urni Ttiillmiid aVeil annreval of a eon- wui.r..i- a.1. i..i...n ..... ........--- - .. Cteudy. unchj- riSd with the Bank of Enaland Statement it will ueiulre (I'O new refrliteratei tsinien. Jan 2fl The weekly atatanutnt rurii at a eeii w u.hmw, imjii.'.-iu of ihn Haul of Knif i.nd iihena (he fnllJwIiM , i0 u, completed ill ten jears. . . . .... ... . , . . I.nr.ni.il FT. 'IT Ih 111 e aici iuiki j. .1 ..."' -: -' -, rin 1 -iilen V-.-reaif-d lain. 000 duiu n in 1022. . ' 15.01, checlm 14.1)1) ; HwUa cables 11) -111. Tlie Atlanta. Illrreinicliam ami At-VheekH 151.43; Danish cables 10.05, lanUc Railroad nlce nnited a Oevern- checks 20; Norway cabler. 15.72, checka ment lean of .f015,000, offering Qeveru- 1 15.07; Swwllsh eablen 25, cbeclib 24.D5 ment reeeiver'-! ccrtlncnteh bh Becurit. Kul der rabies S0.C0, checkn S0.C1; The application nald the raoney would imarke .COVi. be u te pay off existing short-term . Ontra) Kurepean exchangeH were : 1 tract which the reni! pronesen te rnnke Hungnrliiu .14. l'ullman l einimny ny nt.u-.. The pretniui P0IM1 .0305; Rumanian .75: Ilulcar ian .75; Hciblan 1..12; (V.eeiio-SIevn'.- I inn 1.1133; .luge-Niaviuu ,3i.l; (ireik 1.1)31; i-nmiHii i.bv; AUBtrlau .02Trt ; $500 HIDDEN IN CIGAR fifi fiiift nhr .Ie -vrf.it lncreuK fl 104.- n,iA ..1.1l 4..r.alla .U.fakVd f ff) flflft uuu. vii.Miw yvM ";". 7.." , :..'" vuht pars "!." ""Jr, 'n;,q.,",?.'ilroeo,N'V eemlllia;. tetairt Bl).l Sf.8 en Jm.W 15. IIITJIlk rr--Ml - ! r--- ... . 1.....I... preiMirtlnn of the bank's ren-rve te llabllll Fewer Idle Freight Cars Krlrht eara Id.e a-, a reeult of bu'lnem ...i.i.ilnn of 33.373 cars, eninimred wllh the iHil.013 reported Idl- for Iho prevlnuH we., li. I.W wr-k l IH SS p'r cant Hint wok It in- Vfiur,tSii wi Iji aeVeidlnV n 7h. f-.V ,- . .wi. nn) Th rtli.i.riint rnt in II n r TOD rdUeltOII Win tut' aCfUiqinK IO tnfl ar 1, . ir cent Th dli-eeuiit rata imp r A4r,,f Dwllen of u., Anmrlraii Italiway MUNICIPAL BONDiJ ivtci niwn e -. niiuuiiiM y0 ,.V, W. MILLS & CO, vBieck-t Ef hania llldr.; rhlludel rtilladetpbt nte , e'ed i.: a. in canta te m; ei-ntn c. I f idditlin ie h ea rpcrted y-l-ir 1 -'. me NstU-ul Hucar luninl' CerniMnv bur. ,,,.1 ftO'i'j t t 1'i-rte P.r f'.r ,ir-'nip' anlpment ai 3 7ft centa I f Arr-a a e' .-. . M.-cita Ina udf d 'Jl CiO i I an .utia t, .) w.iiir Bu ir lUtlnln f. iim.iy; e )00 I CTn" , Aaioclatlen, te Inere t1 dm.-iand for a, I b i "i i! J-cOVhI Humr Iteilnln l-i.pepv, i claia a of frelebt tara, reauluiiit freni tranie ... - i'i.i U:y ta the Air?rr4n -ltirtir lie-) i i...hamI OAiinn i t..r.v,.mhnf. 'n j i ir. in T'l bun' ii-ii'1 mtrls-t i.ivi(i . f-emparlrnns ahened that of the total i-i ii ' i'l. ai' iiiln i nuiifjit it : H I.lTrrnnal. -'"n 28 -Spot cotton waa inlet I.nu,i82 wem aurplm ara which eulcl be , i. . ' -. 3' ier I..M" f ii i aiih the N.iti n.tl tndav with ml-6' eaule.- nn thv binla nf iv I purd In immediate arnlce If traffli- innd'. , i,,, n i .1 . I.lnjr Miiiidiaivr f.r .ltu el 13 r-e nt for relddlln at 0 721 I Unnj made It r.acaiaury Th- ramalndi-r of - - Tu al we -roeo balea The leeelpla Ba.310 were Idle freliht cara In need nf p u n,., q,,i,.. wre 4O0f. Uilm Ine udl.c 100 balea Amerl- r,pr,, ever and abevu tha number normally French Bank Statement rn Futures Lately were etefidy In the rajard'd an in bad oriler. l'u.1.. J 4-- wertir tt. l: jl J r .lire uneiva tun leniiwini. ',-. -"l.,Y,, , yr.i n.i.t.ni.. a 1a. i... '"' --." -. .- ZZVlz: -.n.T.-JI .!!.! In h..ft,l InrAk.il llOfllMI 'Ull iii.,ui.. w ... ....- w, j...-.. New Yerk Pollce Captain Charged With Acceptlnrj It New Yerk, Jan. 20. A trick clear, In which 500 In currency nextled ' where "pure Havana fll'er" ntiRht te ' have been, figured yesterday la chargfu ' Ilnilei before Depuyt Coimnlsslenei premium en ew erk fiindn In Jean A. i.enen in nroeKiyn. it va- I Montreal tixla.v vh 5 ner cent. The n'leRed thul en Auuu'.t 12, 1020. Cap. ' dlHceuiit en t'anadlan fiimhi In New tain Hiii'ey unlawfully accepted the Yerk was-4 25-H2 per cent. money und failed tn take proper police yriTEHDVVH i-nN-Ai. quotatiems If'1,0" nznlnst hlniHe'f. A (!rand Jury ,..srL.mMV fiai. quotations indJctmeiit en the baiu chnrgfl rccentl) ' Htrninu rnc I.Ira Oullrieia ... ,luitilKiinl I Demand .... 4.!:"i 8 17Vi 4 1) 9fl ai 'VJJJ ?,al , ',!: . ! cablet . .. 4 '.-ss fi-is sti ae.ui AMlMem Pike, representative ei the, TODAi"B dflSNiNU QUOTATle.va i Fur Manufacturcru' Anoeiatlen, testi Slerllna Vranca Ur. Uulldjrn ueu te BlVinR tue eignr te n man In the i iieinna --'wt ni' UkDilu .t d iu hanl Inerennd 110 oeo llr.nl; i nu tlelil in nn' - fi.ver in iianj uicrrjawtj ihi.uiiu. leu in ilrculutien deer na d :i.i;.ftl,O0O, rrniury ilepealta Uecrenaed 13.333,000, M. aral dapealta decraaaed 70.063,000, bills dta rAimtMi rifKireaa A (14.074.000. advmneea de. raaaed 4.333 0i Th Hle.te repaid 330,- nuy odd ' p uca te in n mr.t banks. -,iu mlt mlddllnc, SJMl ordinal .73!d. Keed ordinary. 7 47d and l" i H aurplua eeal ciu-a numhertd 103,3184, u BAR 8ILVER Unr allver wr-s unehaiirad la lienden tuds? at 2M I reduction of 2t 100 wlthlu the aani porled. Surplii" coke cara drcreawid 3!a. te a letn of 48333 and aurplu ateek cara fell E24l), brlnstnir the total te 3!l.e2D. On January & there were 133,810 eara In ne the aai repsr Sft4 SHf.i'noMce htntlen pointed nut te him ..u '" r'"."the ceptnin." He nald he did net I i unew at tne time that there was a r-dl lYlUINtY-UfcrvUIIMU KA.TE9 lef bll'H 1-1 the clear, f'n) A It- ll NK1V VOIIK Meney en call, both cl.aae ' declared he novel- r-nw PlKn before lil'i. appearance tn court. Cominlsidener of collateral, opened today at 4'i pur ce.,t for brdinc und renu-.rlm;. I'HII-DCT.VIA-Call. r, per cent. time. 1 i ' per cent, commercial caper, three te alx menthabW 3 pr cent. BANK CLEARINQ3 ITank clearlnsa today compared with cer. leipeudlna- day lait two yeara. Of reritr. 'lf.lln the aims number as shown In rraterday'n Floqten K. Yerl. I'l ln-Jl Inn. ,64.f6(l,000 ffln,30H,087 IT7.08H.880 48.000,000 40.7tia,(1.1t 82 HJ8 Ott? fll7 100.000 000,7091,2 740 103 018 I.eecii reserved deelKleu. MISS MORRIS TO EXHIBIT M!ni Catherine Wharten Mnrrli dotiKhter of Harrison Merris, will ex hibit 'nereral of her londwape paintlns today at the McClecs Gallerlen, 1C07 Wa'nut street. The exhibition will remain open te the public until Satur day, February 11. am rmeinie Txtawrj Buildini, ffa-iWarfcw NEW ISSUES United States Treasury SftucctHOO Three Year Notes 434 Dated February i, 1922 Due March 15, 1925 leMejBBMaaMMkfaaaaeaaat WE INVITE SUBSCRIPHONS SUBJECT TO ALLOTMENT Price 100 and accrued interest COMMERCIAL TRUST COMPANY Member federal Reserve System City Hall Square u, t Y ,t V l ASm .a
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