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1 1 : , y - , -axax-x.. J-....:. OAXXItJA-X, rXiDXVUAIVI .IMA ' - , ,, m, - ,, . v
K
fll anunia Mirrr.Ki-u i - w yerk stock exchange transactions HKH.Akn n
jmm jprutc eiivv a i saws iiiiiiiivi hi
5B I nriirnr TnAiiiiAinn sn, i T?.,!': ' .. piv. tv. Net . tsALEsiMnoeoi
li M-UhMI- U N'N A.Kxpr,., u 7, .;'". k.m, n,, , . A TNr nOA MA WIT
! O'lD A -..-... I-t.. 4.. -at , a f 41 9 .... Z. . -aaa w- - 7 M BBW sM M
1 1 II I HIlHI IIIHIllll I
i:.i
&fC I
JP i?."
.?' il
a
$
k 7 dk . . .
? PUBLIC SERVICE
CORPORATION .
OF N. J.
6
Perpetual Interest
Bearing Certificates
Price: 90 and Interest,
Yielding 6
COMMERCIAL
TRUST COMPANY
Sfrmber Federal lteenc S.vstem
City Hall Square West
H
ft
r
.
Kt
1JV M-ant effcriiiffs of
Portland Ry., Lt. & Power
5s, 1942
RAUSCHER & MACKAY
15 Bread Street, New Yerk
Telephone, Huveccr H,S3
Safe Uendsr Investment
HALSEY, STUART
&..C0. Inc,
Land Till Ulds 1'heiie. lajcuat 4823
Sc Company
1422 S. Penn Square, Phila.
Old established Phila. Mfn. Ce.. wltli
reuntrj-wlde reputation for III
product, mn linn nddltlenul capital.
Heepenslble position (lien te rlfbl
party. Till Is mi opportunity te
anlrn large. Interest In n brjslnesg
that Inte been In successful onaratleB
i fe" many years. .
B 114, Ledger Ufflra
H
C.
CO.
S. PATTON &
: & Cltr.sTM'T !T.
BANKERS
uccnr te
aii.kk a tkvi:nen
Bendn nml tnrl hnushf and anlil,
Mambfra Tlilln. Stock Kxclian?.
J'inaVci.vl,
--"DWAiw.MK.vr or I'tiii.ii uei;ks
TIIK IKIAKU OF IKlsTKT.S
THE VKLi; MISKAIIY OK I'llll.AUEU'IlIA
.tHiiuarj ill, 102;;.
Scaled proresaM will be rtcehed in Roem
2I City Had MiJrtrcMed' te the Director et
Public Werk and tli Hnard of Trustees.
te Krea Library nr Philadelphia until 12.00
'clack neon, en Tucaduy. 1 etiru.ir.v j, 022,
and epaned 1" the tame room immediately
tereatter. ter
,'lte liiectlen of the llulldlnc for the Free
library of Philadelphia, leraic; en a ,.,
af around bounded li Ine Nmi'enth. WoeJ
ji4 Twentieth rtret. In the City of Phila
atlphln. Coplea of pl.ini. d'awt'Bi ml .eirica
llena for th abee erk may l cunrj from
Herace Trtirnbauer, Architect UOiJ Land
Title Bulldlnc. Phlladetpnla te -hem In
nuiriea for nil Information eheuld bei aj.
dreased.
KIXANK II fAVlIN Dlr.cter.
Hi Beard of Truste, Th free Lurary
of Philadelphia
lOHV ASHHl'RST. I.lhrarlnn
WilxiAM
fi
AND
I-
1 1' '
!i
..' i
.f ,
t
CRAMP . SONS stiii
JiNCINK III'II.IIINO t'OMPA.NV
Mnl.ine I uml Netice
Fidelity Trust Company ferme, v ,h0
Fldallty Inurance. Trui ard ,Saf Wep0,t
Company. Trustee und Mnrtsase of the
Vllllam Tramp & Sens sit n r.n'i Knclne
Bulldlni rempany. dated March 1. imi, m
ltea tenders or proposals for bends lued
under anld jrertease te he urrndered for
rademptlen, propeeala te be opened and
awards mad en rcbraury 2U, IUI2. at l'i
elerk 51.
FIDELITY TP.VST COMPANY Trustee
823-331 Chejtnut y. . Phlladeinhta pa.
VM. P GKST Prejid-r.t
February 1 1!'22
aTKUAMT malli-LlM." CIMIl'ANY litribT
aetlfy certificate owners cevermi: whik
I our Government warehouse "K" that
tbla whl'.ty la belnc transferred te ware
btUM "W."
Naw certificates will be iMued ceerlne tbla
Sanafar. Send old certlTeate te II E Lex Lex
.ten street. Hnjtlmnre Md
, 8KAIXD PP.OPOs7I.S"wMI be cpenM b
tna Xupt. nf l.l'ith'use, Ra tmieie, jtd
F. II.. February 2H. 1U22 for rebumllni
main prepelllntr enelne te eria'e n tr f.
phansen lint: and Installation of lndf-neii i
air pump. V." P F.lshtheine tendr l VL'r.L'..
Information up"n applleat et
:M
:J
ri
EXCHANGEJRATES HIGHER
Obstinate Short Interest Prime
Cause for Rise In Sterling
New Yerk, Feb. -1 The npmtriK fig
ures in (lip ferpiKn cxvlmnse inaikct tin tin
mernlns showed centlnuini; new insli
records for rnrleus xclinnKe Tlie tin
pressien l bereinins mere Keiiernl tn.ii
the prJmt! liifluenee in rnuins (lie ne
in Bterllns 1 the onevtitiens b the Hrn -ih
Government whieh huve been facili
fated by the safetj of enininercinl bill
and an ebstlnnt short inicrt'M
Quotations were :
StfrliiiB citble i..'tL"i ib'in.xiil
,4.8ia't; frnne cebles S in. . Iierks S..",fi .
Belgian rnblei S.K ill. rk -if.!, m
rabfeB 4. OS, clieeks 4,f!71 : jieieta ea
'hies lC.n". elieckf 1."..'!.". Swi-,-' i nble
19.64, cheeks ID 01 ; Dani'-'i i abl-i
30,40, clieeks JO.:;.". Ne-way rable
10.07, cheeks 10.01'; Se, Mi able
25.75, cheek-. -'.'( snilil'i i jbh-i
,37.22, checkn 1(7 17. mark., .lii'...
At about the mil nf tie Ium li.i f
ueur stetlln;.' -teod ni 1 :W ( fei i .i
lilM nnd 4.!l'J:i for ilemnnd , fr.me '-a-
tWX blSS .40. eluvl. S".'l; I'r.- c.ib'.-i I 0
Ig'ttWcka .-; . marks .:.(
fe'S The iiremium en V' crk fitndi i"
;'f- !
Week's Operations Convincing
Proof of Centplete Reversal
of Market Trend
Nftv Yerk. Feb. 4. The short In-
ttcrcMs were plvcn n severe treuncinp In
tecja s fteek inaikct peelnll.r in the
! udtiMrinl divilen. The tradln? was
bread nnd netlve. the upward swinjr re-
eeivliiff n fresh Impetus by the further
We in sterllns exchnnge te a new high
i word for the current movement. The
(Hiulpmcnt and meter nhares led the
market at (he opening with Tlaldwln
T.jx-ometive the eutstandipje feature.
inc strength of these creups helped
trie ret of the list and led te free
covering nit around the room. While I
nretiB-nrm methods were again applied '
'fieely fctill ihe momentum of the for-:
ward movement was sufficient te carrv
the market along without this artiflcia'l '
Mippert. I
The lower priced talU mul fhe niU
ewung Inte the limelight later In the
morning. Missouri I'ncllic lin-terred re
tained a prominent position in the rail
road list closely followed bv New
tlnven. The teviv.il in the rail shares
and the equipments wns gcnerallv at at
tributeil te Secret try Hoever's obser
vations regarding freight rates before
the- Interfctatc Commerce Commission.
hilc eneountering quite a geed deal of
pretn-taking the fm-ward swing was
"ell sustained, atthetieh In thn Inlnr
dealings there wnu some sliiullng from '
best prices of the morning. j
I reef of the complete reversal in the1
, trenu or tne security markets was te be
found in the resiliency nnd recuperative
powers disclosed during tne wcuk's op
erations. Kxecnt for n few aenttrrlnir
individual peel demonstrations, the ten
dfney of the general list since the open
ing of the cutvent ,ear nas been one of
Indecision. Within the last fortnight
miner peMiivc reactionary symptoms
ueie prc.ent. These, however, preved1
' te be merely a halting period rather )
than any definite change in the current'
of the major movement which und itsi
inception in the early rail months of
Vherea n year age security values'
'(Might a lower level ey cesy h'tages in ,
line with the progress of deflating or
, liquidating movement, the tide of values l
gives all signs new et being distinctiv
upward. At least It has been found
after each reactionary period the sub
'equeitt recover. invariant)' lifts the av- j
erage level of values into new high I
ground. Much has been accomplished ,
by reason of attlliclal manipulation, or
mere popularly known as peel nctivl-'
ties. Yet the broadening of thcte opera
tiens is te be accepted as a distinctly
healthy sign, because ft unquestionably
reflects a growing confidence In a ma
terial Improvement In the general situa
tien. As a matter et tact, acceptable
authorities quite generally regard the
immediate outlook as one of definite
hopefulness. Thi.s confidence is net'
merely one of sentiment, but is based i
.uKn the knowledge of the rapid adjust- '
ments accomplished in fundamental con- j
jdltiens.
In both the foreign ana domestic sit- I
nations there are te be found many signs i
; of encouragement. The successful
rounding out of the Armament Confer- j
eiice and the passage of the foreign debt i
refunding bill offset In a measure the
unsettling influence, of the seldie- bonus i
bill, which has been employed mere or
less netitely as a rie.irih argument.
There is at the same time a growing
hope the Chicago conference will resuli
In a satisfactory readjustment of the
transportation situation, while t lie un
interrupted terevery in sterling ex
change indicates a consistent clearing '
up of the foreign economic situation.
The foreign problems. It Is true, are
still far away from a happy solution,
but the right steps, apparently, are being
taken in the right direction, which are
certain in the end te bring the much
desired results.
It is net strange se many of the dis
tressingly peer earning statements of
the industrial cenceniH command little ',
mere than academic interest, or exert
'e little market Influence. Such exhi
bitions had long since been anticipated,
and were discounted In the almost con- ,
stnnt melting of security values in last
j ear's market. While it Is true the
immediate future of most of thee con
' eerns offers little hope of material bpt
, terment. yet there are already present
definite signs of recovery from the in
dustrial inertia, and n slight quicken
ing in the pule et the general business
er'd It mnv take weeks und months
befete an concrete evldenre of this lm lm
prevetnent will lake definite form, bin
there is eery prebabilit) the secudity
mntket.s will 'continue te discount the
Hint about face in general business con
ditions before n reality of the same is
piiblicl) nppt eclated
Commodity Markets
GRAIN MARKET
( iilcace. Feb. 4. Wheal started
l'sc
M
A' ' lr
S.
Montreal today was lowered te 4 i-H
cent. 1 In- discount ou i amnJinu
hinds in Nv Yerk was reduced te tne
lowest en ibis movement at I1 per
M-1. ,. ...I I .Hi nuniin i.l HinfflW
U,5V(, I IIV ' I Mil ill . .It l ',' ii .,' '
KffifelrD queled tetliiv n fellows; JJunui
KK3rffU'. 0 iSuijiiii urn 7.1. .Serbian.
J,J,!p- ('(chi-Si vsil.mil. I !M . .luge-
Vlan, no (iiiomtien . lireei,. t i-
ilish, .(KH ; Finnish. 'Jul. Aiiinini
Mt:ls : lluiiuiuiaii, . l.'r'.
.4fw TKSTEUDAVSI CI.OS1NU QluTMIns.
StenltiB 1 ranc l.pe i.,uiinr
pamand 4 :te s ai i at :t: mi
fables t .I'i'j s..ii'j i n. st p.'
TODAYS OPKNI.VG 'JCOTATION'i
M(eriing rrnncs i,ir iiu ihr,
. -4.:il s.llli 4 n7'i .IT 17
.W, . in t.iM .17 '.'
(. LOSING tJt'OTATIuN.s
hterlln.' Irnnca l.l'" liui'de ,
4, .T.'V, h.as".j I rt 7 ee
1.33 S ,sa I liS'v ;t7 i'C,
m'
.,
S'
te l'sc lower for .May ana -c te i-sc
ff for .lulv with scattered selling, due
luefly te profit laklng Cables did nel
show as much advance as the trade lut.
cxpeitcd from tlie big bulge jesterdav
Iteceipts inspected yesterday were '-'O
cars, last year 12 cars. The cash mar
ket was firm, with a geed demand and
moderate offerings. F.xpert snles re
ported vesterday ."'.OO.OOO bushels.
Cern started ic lower for Mn .incJ
'sc off for July, with scattered com
mission house selling in a small ai
and light demand
flats enened uiichni;ged te Ur lewet
with a small mixed trade
COTTON MARKET
New erlt. Feb. 4. Trading .n the
cei ten market today was quiet, with
ft i st pi ices .". points lower te 1 point
higher. Firmness in foreign evhange
and in the stock nun ket h.id .i steady
ing effect in the face et selling by Wall
Street .md New Orleans inierets. Snot
houses bought Ma) and the tiade also
was a buyer. Tin labor situation in
New F.nglaii'1 wns an insettling influ
euce that hcckeil business te some ex
e;ir The lalei iniirket wa quiet Witn .1
lei lining tcml( ii .i N Fiiglnnd strike
news Icadni'; te unxleinie si jtteied sell
ing under whuh prices eiiei te a net
dei line of abeui l." te 21) point I.ntet ,
there was a e.ittlal reimer) en mule
calling 'i.i dl I b'Ming. the latter pos-
sibh due In lepeits of a belter expet l
ileiniiriil fei
WOs I
Sites
30
10
ten
tseu
ten
isn
.ism
4en
ten
J
800
(ISO
1890
1M
net
400
400
700
20
400
M
MOO
300
4tOt
JIOO
.100
43M
3an
tee
sea
.ion
600
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1700
400
.100
1700
100
1400
ftoe
ten
.100
ion
00
100
.1700
101
1011
1410
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2en
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100
son
1030
41300
tee
.100
200
16)0
1SD0
000
ten
30 en
2000
ISO
3100
100
390
20
tee
.100
Hen
700
" 100
1010
100
130
7213
Mt
20.1
400
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1100
3100
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100
2.500
100
101
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1100
100
500
1301
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33)0
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400
100
(tee
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2900 2
3200
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2)0
1030
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12300
100
700
IS
3C0
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1200
tee
1000
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1200
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200
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510
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400
Adams Express
Advance Humety . . .
Air Reduction
Ajax Kubbrr ,
Alaska Juneau O M
Allied CTiem ft Dya..
Allls-Chalmers
Allls-Chatmers pf ..
Am Agrle Chenti . . .
m nank Vete pf . .
AJi Beet Suaar ....
Am Besch Magneto.
Am B Shee Pdy tew.
Am Can
Am Can pf ,
Am Car ft Fdy
Am Chicle
Am Cotten Oil
Am Cotten Oil pf...
Am Drue Syn
Am Hide ft Leather.
filch
mi
S4T,
li
It
4U
t
I4U
!4
3S
Mi
60
38 tj
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14V
1SH
44 ti
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!
Am Hiile 4 Leather pt SJ4
V'3
43
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31 '?
10R?i
89
4!.
t
40 Vi
SOU
132
32:-,
67
94!;
29'4
ASH
118 J4
1S1l
100 V-i
132J4
716
23
ti
1 Am tee
Am Ice pf
Am Internat Cerp....
1 Am-La France En. .
Am Linseed . . s
Am Locomotive
4 Am Itadlnter
. Am Safety Razor...!
Am Ship Cem
Am Smelt
7 Am Smelt pf
12 Am Snuff
a Am Steel Foundries.!
Am Sugar Raf
1 Am Sugar Ref pf
Am Sumatra
7 Am Sumatra Teb pf . .
9 Am Tel & Tel
12 Am Tobacco
a Am Tobacco pf new.!
12 Am Tobacco B
Am Waterworks . ...
Am Waterwks 6 pf.
-ui , i inns: ranr nr. :r,ii
7 Am Woolen !3
7 Am Woolen pf 104 J4
.. Am Zlne Lead ft Smlt 13H
. Anaconda Copper .... 4S
4 Asse Dry Goods 4's
Asse Dry Goods 1st Pf 73
fl Asse oil tS?
6 Atch Tep ft Santa P. 0B
Atlanta Blr & Atlnntlc 1
.. Atl Gulf tWISS., t?3i
1 Baldwin LoCemotie ,1031;
. Baltimore & Ohie .... 34'4
4 Baltimore ft Ohie pf.. S.
7 Bethlehem Steel 7 Te . W4
5 Bethlehem Steel B.... 63
.. U.-klyn Rapid Transit I l'i
. . Brklyn R T ctfs of dep t'i
. Brown Shee 15
.. Burns Bres A I17's
.. Burns Brea B 3!
.. Butte ft Superior Cep 37 '
.. Butterjck I3ji
.. Cadde Central O ft R II!
6 California Packing- ... 70
. California Petroleum . fHji
7 California Petrel pf . . SSU
. . Cal Zlne ft Lead .:
.. Carsen Hill Mining .. I4?
10 Canadian Pacific .... 125 Si
. Certain-teed Pred . . 37 ?i
.. Central Leather 31?i
. Central Leather pf . . . 66VS
. . Cerro-de-Pasoe H3?
Chandler Meters . . . C4
4 Chesapeake ft Ohie.. 36';
.. Chlcaire ft Alten. .. 3' J
. . Chicago & Alten pf . 1
. . Chi ft Gr West pf in
.. Chi Mil ft St P 19
.. Chi Mil ft St P pf 3'C",
Chi & Northwestern.. 64',
4 Chi & Mln St P & O 33
4 Chicago Pneu Teel. . . . 64;
.. Chi R I ft Pae r.3H
6 Chi R I ft p.ic 6 Pf. '4t,
7 Chi R I ft Pac 7 pr. S7'i
. . Chile Copper 17 V2
. . Cblne Copper 26?8
. Ov Cln Chi & St L. . 34
. . Cluett Pcubedy 7
4 Coca-Cela . 44'5
.. Colerado Fuel ft Iren. 26H
3 Colerado ft Southern . 3;
Celum Gaa ft Elec. . . . 0'i
.. Celum Grapliophene . 3U
4 Cemput Tab Records. 67,'
7 Consolidated Clg-ar pf. 6n
7 Consolidated Gas .... t0i
. Consolidated Textiles. 13
.. Continental Can &0'x
5 Cern Products Ref... 104',
SO.Cesden ft Ce r!i
4 Crucible Steel 61);
7 Crucible Steel pf e2'j
.. Cuban Am Sugar 19i
.. Cuban Cane Sugar. . 10
. . Cuban Cane Sugar pf . "3Ti
8 Davisen Chemical ... C2M
t Delaware & Hudsen.. 109H
1 Deme Mines 33 W
10 L'astman Kodak .690
12 Klectric Rleragn Hat.. 144 U
. . Kmersen-Brantlng .. SJ-j
5 Kndlcott-Jehnson .... S3 J,
.. Erie SI,
.. Erie lat pf 13"a
.. Erie 2d pf t
Famous Players L . . 80
Famous Players L pt 95
Fisher Bedy 85
s
8
in
8
Fisher Bedy of Ohie pf 84
Fisk Rubber 1334
Freeport Texas 14 !4
General Asphalt . ... 60't
General Asphalt pf. . 95
General Electric KlJi
General Meters !
Gen Meters deb 6i . 6t?
Gray Davis 18S
Great Northern pf . 74J4
Great North Ore ctfi. 34
Goedrich B F 37
Guantanamo Sugar . 8,
Guantanatne Sugar rts H
Gulf Mobile ft Ner.. . .
Gulf Mobile ft Ner pf 1H4
Gulf Statd Steel 72(1
Hablrshaw El Cable.. 1?,
Hupp Motorcar 13f;
Housten Oil 7?
Indlahrma Ref . ... 3Ji
Illinois Central 101
Inspiration Cen Cep..
Int Cement 31
Interlj Cen Cerp. .. "'
Intcrb Cen Cerp pf . . . 9
Internat Asricui 8",
Int AgTlcul Cerp pf . 37
Int Harvester new ... S3!J
Int Mer Marine 10
Int "Mer Marine pf . ... ?4
Internat Motertruck . 31
Int Motertruck 1st pf. 714
International Nickel .. 18 't
International Paper .. 30
invincible Oil Cerp... I'i
Iren Products 29?
Island OU 3
.Jewel Tea 13,
Jewel Tea pf 53 ;
Kansas Ctty Southern 23?4
KansaB City Se pf.... 34J4
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33 K
en '4
.1314-
C34 4
56 Vi
3H4-
7 1
1 -r
19 1-
33544-
64'i 4-
53
64?i
33?i 4
7454 4
871J "54
264 4
54 -
55 -44
H r
26 ',4-
39 h r
t i
2 5'. r
te?-
1.1
584-
K4H4
r.i
634 4-
83S4 4
fH 10 4
2354 4-
60J4-
109H-
2354
690 -;-Utii
;-
!4-
Sl;i
9i
13J44
9
80 r
93 K.
85
84 4
I3?4 'r
M!i -60?-
4-
93 -:
IW4
9Jir,
I814-
74 14 I-
-K r
37 -
8
54-4-1894-514
4
114 4
134 4
75J
1?i
191 -
:.9
31
3
9
8,'i
37 -
83144-
Ji4
t9 .;
31 ,-
7155
I2?4 r
50 -I5U-994
.
3j
ii?, :
53 ,
)i -:
54 -
54
1
154
14
!!
1 i
V
541
ii
ti.
54
54
?4
14
1
H
54
14
U4
1; '
Bales
tt
100
37t
3910
tt
ttt
tot
Ktncaa A Qulf d
Kelly-Sprlngfield Tire. 38'
Kennecett Copper ... lfi
Keystone Tft R 17
Kresg-e s S H.ti
Lackawanna Steel ,
Lee Ruhher Tle
Mts.50 Lehla-h Valley ..."!;
1100 7 Lima Locomotive ..
. . Lejwe Ce ,
1 Left Candy
. . Loee-Wlle Bujcult
ii lAjriuaru louacce
7A0
400
1390
.100
400
tee
100
Itt
300
400
46 W
9755
50
CK
1154
II J4
40?i
l54
I'Leultvllla ft XashvllUlH
4 Mackay Ce nf
.. MclntyreP Mines
. Malllnsen ft Ce
. Manati Suar
9 MnnhattBM tri... -
Jtni.75 Manhat Shirt ...."..
'" . . niarket at n...
. . Market St Ilwy pr pf .
. . Market St Rwy 2d pf .
.. Marlln Oil ...........
. Marlln Rockwell .,..
3 Martin Parry
. . Math Alkali
.. Maxwell Cla ti
13 Mexican Petroleum
-uiami copper
490
100
1090
300
1390
tt
100
1S7S0
4S0
?J! "ascerP:
V
1
I
H!
?r
.5!
!i 1
54
54 I
454 I
!.
11 '
4
4
4
"'4
114
H
54
54
54
t'4
54
54
1.4
- I
54
54
i
54
54
H 1
1 1
94
?4
X
! '
54
14
H
154
54
14
54
4
54
154
j
1;
54
1090
491
net
4599
390
Ittl
1601
2fl
30
2499
2099
299
409
80S
3 it
100
890
399
309
499
390
8500
tee
709
390
let
600
100.
190
0800
700
300
400
300
100
100
2400
4300
1100
1300
300
500
300
100
ion
100
300
300
500
4.100
100
tee
800
300
200
9100
1800
ten
9)0
109
1100
3600 4
499 g
400 2
409
300 . .
510
5300 5,30
900
I
3-S
5i
46
mr
41T4
-1?
41
8?i
. . 8
.. 33
.. 55
.. H
..115!4
.. 6J4
.. 1254
.. 3954
.. 8J4
14
14
354
94
MldVAla Ael
JJ,nn. & St Leuis
Me Kansas ft Texas..
Me Kan A Tex Cash.
.. Me Kan ft Tex pf....
Me Kan A Tr 1.11
'? Kan ft T (wl) pf! 36
: Missouri Pacifle 18 y2
.. Mo-Paclfle pf ' 4t?4
" rJIon'aeniery Ward ... 1454
Mulllns Dedy 35'i
National Acme 11
1 r,Ble"al Cen ft Cable. 154
Nat Enam ft st 41
! ena' I-eatJ 91 Ji
7 National Leart pf m
tak n of Mex 2d Pt a?
N. Y Air Brake 5854
6 New Yerk Central.... 7514
50 New Tork Deck 3314
: NcwTrerkNH4H ni4
I x, r?lk Western... 100 54
J Jertli AnVerican ctfs. . 554
N American pf ctfs. . . 40V
-ertii Am Claas A Rta H
northern Pacltta
evn Scotia S ft C. . .
2 Nunally Ce
Orpheum Circuit
8 Otis, 'Elevator
6 Otis Elevator pf
Otla Steel
Owens Bottling-
Pacific Devel Cerp...
Pacific Mall '.
a Pacific Oil
Pan-Amer Petrel !...
fl Pan-Amer B
3 Pennsylvania R R...
. Penn Seaboard Steel.
9 Peeples Gas Chlcag-e.
"re iuarquettc
784
2655
tli
l!4
131
95
II
36 '5
ft,
13
464
834
464
3454
8Ji
7054
21
fere Merq prier pf . . . 06
8 Philadelphia Ce 3354
Phillips-Jenes 93
30 Phillips Pet 30Ji
. . Plerce-Arrew Moter . . 15
Pierce-Arrew Met pf. 334
.. Pierce Oil gs,
8 Plerce Oil pf 605
.. Pitts ft West Va 24.14
-. Pressed Steel Car.... 65 H
. . Producers Reflner ... 29
4 Pub Service of N J... 79J,
8 Pullman 110J4
f-unia Atcgre sugar.. 3814
Pure Oil J3?s
Railway steel Spring. 08
Rand Mines 21
lUy Cen Copper 1455
Reading- 73J,
Heading 1st pf 46J4
Reading; 2d pf 5054
z
8
3.11
10
5i
.
-5
I
55
Mi
.1
m
100'
3)0
890
100
3)0
I0O
20)0
1410
500
22)0
23911
1800
300
3)0
709
409
300
300
2)0
1S090
140
5)11
4990
4200
4509
800
R'-mincten Typewriter a3J
Replegle Steel 31
Republic Iren ft Steel. a
Royal Dutch N T.... 51 'i
. . St Leuis San Frtin... Wi
. . St Leuis San Frnn pf . 38
.. St Tieuls & S W R R 2355
.. St Leuis Southwest Pf ri'S
. Savage Arms 15,
.. Seaboard Air Line... 3!5
. . Seaboard Air Line pf. 6
. . Sears-Roebuck 62 ;
. . Seneca Cep Cerp 17 54
. . Shattuck Arizona Cerp 814
. Sinclair Oil 20
6 Southern Racifle .... 8254
. . Southern Rill 1814
. . Southern Rail pf 495
s Standard Mill 131
4 Standard Oil of CaL. 95
5 Standard Oil of N J. .180
7 Standard Oil of N J ptll554
Stewart Warner Speed 2815
Stromberg- Carb
Stutlebaker
Superior Oil Cerp.
Tcmter Cern ft F '
Tenn Cep ft Chcm.
Texas Ce
Texas & Pacific . . .
Texas & Pae C ft
4100 3.00 Tex Pac Gulf ft Sul. .
la
H,
154
154
H
'4
94
14
S
94
194
Y
1
54
i
54
14
?l
2M
700
690
490
AS0
SJ0
109
199
1190
2499
490
109
1994
700
1490
390
899
100
11390
100
1.1)1
5)0
IHOO
100
1300
900
700
100
800
5)0
ion
3100
309
10ft
600
1100
100
109
100
en
3)9
100
Third Ave
Tobacco Products . . . .
Transcen OH
8 Union Bag & Paper .
. Union OH
10 Union Pacific
7 Union Tank Car pr .
. . United Dtug ,
5 United Fruit
6 United Retail Stores. .
.. (J S C I P ft Fdy
S U S (' I P ft Fdy pf .
..US Feed Products . .
..Us Ind Alcohol
..US Realty & Imp....
..US Rubber
8 U S Rubber 1st pf . . . .
. U S Smelt & Ref
BUS Steel
1 U S Steel pf
2 Utah Copper
l'tah Sec
. . Vanadium Cerp
. . Va-Car Chemical ....
Vlvautleu Inc
. . Wabash
. . Wabash pf A
. . Western Maryland .
. Western P.-.ciflc
1 Western Union Tel...
7 Westiiighoufe A Brake
4 Wcstingheuse K & M.
. . Wheeling ft L K
.. Wheeling & I, E pf . ,
White Moter
.. White Oil Cerp
. . Wick Spcnc Steel Cerp
.. Willys-Overland
. . Willys-Overland pf . .
wool worth V W
4 Worthlngieu Pump...
Werth Pump pf B....
40'i
9255
6
?4
II
48V.5
3015
2594
44, 'i
i.3
C3Ji
;i
69
IB,
120
1034
09
I35U
55 i
1994
58
K
44i
61
55
99!4
35
87l
1!3?4
03 H
12J4
.5
10 ?4
6,'
K.
2d ! 5
8
1614
ni
S3
53' 2
'j
1314
10
1(1
15
5li
27 14
15254
47
08
Lew
s
4Ji
164
13814
4654
. !?
51
7
1154
It
.19
1114
11354
61
24
1 54
43 -i
45
407,
14
4054
tt
73
154
31 Vt
25
1294
11454'
2654
1114
30
6
114
154
3
9 54
2614
18(4
484
1255
3594
1194
1!4
4054
9154
112
H
38
58
73
32
164
ioe'4
55
404
64
78
38 '5
855
14
130
94
10'i
3614
9
13
4655
5354
46
344
8?4
6955
20J4
66
33
93
30 'i
1514
23
54
63
2,4 54
64
29
79 55
11254 ,
37
F5
97
31
1454
?3'
484
50
3254
SOU
254
50 1 i
23 .
.18
22
P3
154
3S
6
61
1654
8 5-8
104
flft
18 54
49 4
120
5
180
115
3 54
4015
91 94
6
34
104
i54
2914
254
43J,
324
634
94
r,s
I9!i
IVSJi
t034
69
1.1415
55
1914
58
44
39 J4
5
fl!)4
5
864
1154
63
12
3454
304
54
201,
8i
16
C04
9.1
33
?4
I3!4
C3
54
15
"4
2714
151 ',
46;-,
68
Today's Net
Clots Cht.
' 9 ..
t 4-
28. 4
I6J4 18 Yi
8 J4
97 -
4t4- VA ,
159544- 214
New High Figures Made
.s P. R. T U. O. I. and
' American Stores
by
114 4- 5i
61 - t
34 ..
l54 1- 54
4514 14
43
4155 1- 1
394
40J4- Ji
84 4- 54
.'5J4 4 J4
754- 29
?l-4- 54
25 4- 1
1894 - 1
U494 4 94
2654- H
13
3054 : J4
6
1 14 1 54
1544- lb
3544- 54
994 ..
264 4- Vt
1854
4844- V
14 4- H
35J4 4- 94
114- 54
114
41 r- 54
8154- 94
113
3H
58
3854 r- 1
7554 4- 14
33 - 54
I794t 94
10854 4 .54
3554- 54
40H 4- 54
044- 54
78
2654 .
854-
18544- 194
130 4- 54
95 4- 55
104 4- 54'
2614 r 54
ft . 55
l
464 4- 14
8354 4- 54
46544- 54
3454 54
! - 54
70 1- j,
20J4 - 54
66 H 14
33 Vt - 54
93 - 3
3954 . .
154
33V- 54
7 . .
6554- 1(4
2154- Fa
P554 4- 194
29 - 14
79J4 . .
116544- 4
31 - 94
'844- 94
98 -i- 2
21
"54- 54
1394 -i- 94
459.i
50 14 -r 4
..314- 54
-3054- 54
6314 4- 54
5094 1
2254-1- 94
38
22
?5
1594- 194
3-4 4- 54
" K.
-294 f 94
754 f- 14
J4- 54
29 (- yt
8354
18J4 4- 54
8J5 4- 54
131 3
5 4. 14
180 -f 1
115
28 54- 54
404 - 54
3l?i 15
6 -1- H
394 - 54
11 -1- 94
4555 54
58J4 4- 54
2594 4- 94
? 94
224 -J- 14
6394 4 '4
7i
684 - 14
1894 -i
1"8. Ji
.8394 4 Mi
135
85!i i
1894 ' '4 !
58 li
84 it I
J4t 54
61 -' 114
: vt
894 1- J,
35
87)5 r- 55
11894 i 94
83J4 f 94
13 - 14
Jn 4- ii
3094 I Ji
" '' v
V 14
'e ; it
Kr 14
16 - 14-
53 -iij
i?4 i a
13J4 '
"334 14 I
!4- ?
13 - 15 I
!4- 54,
37 1 . I
153 . . I
J
68
Most of the active local stocks ran1
Inte heavy profit-taking after a lively
and higher opening this morning. In
terest nsain centered in the local utili
ties shnrea mccause of the sensational
tlcvelepmenta fn the Rapid Trnneit sit
nation. That stock seen after the inl
tint dealing reached 24, or J4 nbore
yesterday's top netxh. A much mere
liberal supply of stock ws encountered,
which subsequently en used a reaction te
22. II. n. I. continued in active de
mand, reaching 41. while the preferred
touched 52. The common en realising
reacted te 40''. American Stores is
sues also remained active, with the
common advancing" te 04 nnd the pre
ferred te 124, but neither retained the
sains.
While Ihe activity of the above
shares exerted a diverting influence the
dealings in the general list were bread
nnd active with generally better prices.
Lake Superior sold up te 8 : Bank
of 'North America warrants rallied te
C0. Tl'e Philadelphia Electric issues
were well sustained and with the ex
ception of the common touched the top
prices of the week. The preferred reach
ing 28. Pennsylvania, Railroad made n
new high for the year nt 34V4, which
including the dividend tnken off this
week wns equal te 35. Lehigh Naviga
tion ran up te 00.
There wns plenty of excitement in the
week's developments In the local mar
ket. The first came In the long awaited
announcement of the recapitalisatien
plan of the Electric Storage Battery
Company, giving the stockholders four
shares of no par .stock for one of the
present $100 par stock. As several
months will elapse before the share
holders will vote en the preposition, it
is Intimated the dividend will be raised
from, the present 12 per cent per annum
basis te 10 per cent, which will mean
a dividend of 4 per cent en the new
stock. While there is little doubt but
that program will be carried' out. as
evidently the majority of the stock is
new in possession of Interests who leek
mero en the stock market, side t linn en
conservative business lines. With eply
200,000 shares outstanding, there wns
net much room for speculative play,
but with 800,000 there is no limit for
the market game. A great many local
holders regret the outlook of making
this local favorite r. speculative foot
ball. Then tome along the Rapid Transit
contrevcrsv. The profit-sharing propo prepo
sition of Mr. Mitten and his premised
0 per cent dividends took the Street
completely by surprise. Subsequently
events suggesting n bitter and vigorous
contest for control ejt the company at
the forthcoming annual meeting threw
some light en Mr. Mitten's remarkable
generous policy, 'inc situation is mntie
the mero interesting by reason 01 tne
injection of the operations of en ap
parently strong peel. Way back in the
fall, hints were dropped such a peel
was in formation nnd n goal had been
set which would carry the stock te
much higher prices. These familiar
witlr the tangled local transit situation
could net see any substantial basis for
such a movement. 'I His opinion was
In n measure confirmed by the stumbling
block which the peel ran Inte in the
early part of December by meeting an
unexpected large supply of stock after
the quotation crossed 10.
Uessip lias it that tne peel is irienuiy
te the Mitten management and it is
new believed the formation of the com.
binatlen was induced by advanced in
formation of these policies which Mr
Mitten made public at the meeting 01
the trellcymen Inst Memmy nignt.
While intimations in local market
circles hinted at Internul dissension,
the number and the standing of the di
rectors contesting the Mitten raau'ie
ment was n big surprise. It is staled,
the contesting Interests arc net opposed
te the building up process of the Mit
ten management, but are making their
furht acainst whnt. they cull a "one
man mnnngement." Tn ether words, the
complaint is made that most of the
recent important policies were effected,
or suggested, without consultation nr
approval of the full heard of directors.
Whntever may be the outcome of the
controversy, the incident In all events
has injected considerable vigor into the
trading nnd hns carried the stock te a
level where many who had the lemcriiy
te buy, when It was friendless, can rea
lize considerable profit for their courage,
Philadelphia Stocks
NEW YORK BONDS
Canadian N 7
3.... 1024
Cana'n Pae 4s
B 78 U
Chits Cep'r et
1 864
11.,... 8T
2 87
4 87'j
1 87H
0 87
CMIe Cep'r Ti
1.... 11014
Chinese Oeve't
H-K nir Ba
1 46
City Bern te
1.... 1084
City of Btrctn
8a rets
9.... 106
Cty Itle da J
nerle 8s
4.
(I,.,
3...
1...
1...
1.
1O0 i
1004
1004
lOOti,
101
100 i
City Teklo 61
5 9H
20..... BH
16 60
1 TO
Cuba-Am 8 8
1.... 104
SS.... 104
24.... 104
Cuban C 8 cv
1 76
S 78
Cuban c Bus
8s sta
10 74
4 74
1 .... 74
S TS
Cuba Railroad
Ce 7Wa
2.... 10114
Denmark Cen
c B Ii
1.... 100
D Canada '29
10.. . esv
D Canada '31
2 06i
Dutch 13 I'a 6s
3 .... 04H
4.. .0IH
I... .'04S
1 .. 94'i
Qeva't French
It Tits rets
6..
8..
10...
6.
50...
27 ..
1...
2 . .
e...
1...
23...
10...
1..
2..
(1 ..
6...
Oeve't
A..
2...
4..
2. .
1..
1..
Or'd Trunk of
Can Cs rct
B 102
S.. . 1024
2.... 102'
Jan Oeve't 1st
2.. .. ST'
0 87i
Jan (Jeve't 2nd
bOU
Jap Geven't 4s
10 7B!i
1 74
8 . . 73;
K 'elilum
"
OS '4
.. 95,
. 0S4
. 9St4
.. 05U
. 93 U
.. 9ft,
. . 05'i
. t3
. . llBti
.. 96 K
. !.'H
. . OJVt
03 U
. 0.14
.. 03 14
P It 8s
. ioe;
. 100,
. 100',
ioe.
. 100.
100
Stat of Sae 10... M 074
Paule ct St 81 97 U
1,.,. 109V4 C B i Cj Bits
I,.,. 101U 1.... 10714
2.,.. 10194 1,... 10TU
Ewlti'd Cen Bs c E 1 8s '81
1.... 114 2 71
1,. . 11894 3 70
6 ... 11414 8 704
O K art Brit 1 T04
ft I'd 1923 B 70U
B.... 1014 1 7094
10.... 101'i 8 T094
U K' Ott Brit Chicago Mil ft
ft I'd 1029 St P 4a '23
B,... 1024 6...,. 69H
20.... 10314 1...... TO
12.... 1024 2. ... 70
4. .. ieait 2.. .. te
26.... 10294 1 T0U
10.... 102T4 Chlcase Mil A
8.... 108 BtPcv 414s
1.... 103i 10 61
2 ... 109U B Sl'.i
8.... 102T4 Chlcase Mil ft
9B.... 103 8IPcm414
1.... 10354 8 81U
8. .. 103 Chlcare Mil ft
6.... 10214 8tP fd 41ts
O K art Brit 8, ... nn
I'd 1987 1.. .. 57
14 0891 Chicago Mil ft
28 .... 99 SI P cv ID
39 90 2 A3
10 094 Sound 4s
38 90 Oht Mil ft Pitt
1 99 8.. .. 64
U 8 Bratll 8s 2... . 04
6.... 10814 Chi Rallwya Si
).... 10254 2... . TO
a.... 108 C R I ft P fd
1.... 108 ,, .. .. T714
4.... 10214 4 TTla
10.... 102T; Cens'd Oak "a
108
102T4
102i
U S Mexico 4i
11.
8...
10...
2...
B .,
1,1, . .
li...
5...
18...
1...
9. .
3...
10.
44J
444
4i
45
4B
45
45
45!
4S
43
43
4B
43
U 8 Mtxlce Bs
2 574
BO 57 i
1 cm
8 D7',4
10. . . S7i
Am'n Asr'e a
cam 7H
1.... 100H
.... 100ii
3 .. 100 ;
1. .. 10014
Amn 8 A It As
3 68
8 88 '4
4.. .. 8Sv
American 3ut
Hef's- 61
1 081.
08
0$
93
98
08 li
T clt
SS'i
88 'S
A,
20
e
10..
15..
IS.,
08H
t)0i
1104
9614
DO '4
Ilish
r.OtAllis-Chnl ...V
128.1 Am Stores 04
S77 de 1st pf. 124
lefAU Uulf. 27 "-j
S2 Bank N A
war w i ."iOTs
Lew
4.V.
112
122
27' j
eH
t le?e
ir:!s
i:i . .
122 "i-t-
2719
Net
chte.
L I
.11
t-
lOtBald I.ee.10078 10ll'S 100Tse4
juTunan .mei ut-H
200tChine Cep 20
00 Elec 8ter.U4,2
OOfOen i:iec.140i
10 Key Tel Ce
pref .... 27
H.'IO I.k Sup C STs
0112 Leh Nnv. Oil
,. . ,
OJ's
2T'S
14!lVii
144
NEW YORK CURB MARKET
(ll'x-fll-j
20Ts-f
141 1.'.
hip, 4-1
27 1,
S'-'s- Vj
t!!)i..4-li
lOfMex Pet..ll5i. lir.ij 11 ." V3
2 Pennaltlt 34 2 84 34 V
utiu I'nun : v 1
10 Phila Ce. ill
."IS decumpfSIUs
45r Phila Elec 24
7.'1 de pref... 2h
433 dewarwi 2
4110 Phila H T 241,
20Plilia True (U'k
40tPullinnn..ll3.1i ll.T)i ll.'iJi, -fj.1?.
lu 4vrauniK
eO'l.
07i
34
301...
w
22-7,
31 4-1
STi
2
23
Ufa-
BUSINESS MORTALITY
HIGH-IN JANUARY I h!!l;1eg
2d nref,.
TiOlStli & S
W pref. .
UHltTex & Pile
20," UnienTrac
I....
pref.
oO'e
21) ',
30?i
41
.52
n
Act.
Vni
lir'
1 01
inn
IM)l -.IHIAI.s.
Huh
ni
W:
Dernand
Cables
pel cotton 111 tt:
' i',m
litis -
n,rrtiind
'.(Cables
"Ii-.i." 1V"' llldll
ifl e.' -ii hi in 77
15 hi in ut ln.4'i
t '.'ii in 14 hi 07
1'. . 1 lr. 7-.
15B0 1.1 62 9 7 I 13.50
BANK CLEARINGS
knk clearllilts tejay remrared with cei
naillBJ U1' l"nl tu n.tie
.lai.OtliJ.'eOO 138,937 212 Srti 718 572
lliafn In Bank Depositors
Feb 4 Derolters .11 the till
npanlca, H'.Atn henks suvlnxs nn'i
anks under runervlslnn cf the Hihu
ant of IianliuiK, 'nrreiiseii uien
hWU last rear Accura nc te 11
mad by Cotnnillener Tlaher. 01
nu. JW-". t.iru svia d.nifj.nn ,. ff I,,., ,.,. -,it
reoerteu. una en iiscemeer 31, iihiimm ...m.,. ih.i ij m,,,..i.-.
iwtrn s.tiev.v.v-. Tns summary osviehs nieie
i.iiarcn . e wryi"
Mir. n
lr
Julv
Oeteber
Iie.-iunb'"
NEW YORK COFFEE MARKET
New Verh, I'eb. .--The Hrnr.tl ca
bles shoved some iMpreemcnt nm. this
firnlplic! eneeitrnsernent te traders In
the coffee futures mrrl;et, who bought
Mn.v nn' Seiitciiiber n the cal1. prices
wnrkltiK 2 te I pelrts lusher
A cable fr'.ni 1Otiden re-i'i "llavrel
tcjimts llninhurj stated Jn ,a-y 31
ilnverninent fully expected le accept
new renec uuiv .r- marxx per iieiinil
l.e.i
- I- iri-p-O' f
1 ar l.l'li-
1 lilr we v nf ,
1, jrt.sf, , u ii -'
In. p.. t f I'liencr .
riurunt Meters
1 1 u'lsen .Manlia' ue
Imer i'e-.ili H '.nt
Irilcr Itubb' r
l.ibln McNeil
r .nciln Alotei A . .
I'hllp Merr.s
Itadle t'01 1
Itadle 1 '0111 pief
Rpili(c Tl-e nubbei
Fl .1 IleyneI'ls Tiw H
fnuth feel 4- Iren
dtaiidar'l Moter
SA-uts til
T'ib I'reil Ilup
Ted'l Ship
V U Slarn
UnUe'l 1'inf.t .Shu ring
United H't Candy . .
Wayne Cenl
Wit r,i.l Ch-m
M'IMIIRD OIL
A'irfli i- l(bei . . .J!)'
Imiurliil c i i'aii.nlu in'i
seutli l I.
btaml till of Ind 8'
1'
In
-'.' '
11.
r.4
11
13
I '4
-.'))
2il
ae'
4i
St
5'i
7.1
'.?
5'i
1'4
72
l.e
I'
.11
1
33
i)
tfi
2I.
It',
13
l'
.;s
'JO
.n
l'4
Li
l'
l.at
W.
31
1 i
1
B3
Ji,
20
10
Jts.
fi
J.
Ji)
5
73
13
ft'l
Imperial Oil
Int l'etrel
Klrhy lt
Lance (,'ieek
Llvlnssteii lei
.Mexican KavM
.Mexico Oil
.Vex Seaboard .
Mutuul Oil
New Yeil, oil
Neble
Omiir Oil
I'T.-uul, Oil
halt t'ri-ek- 1'imi
Miniiu I'ei .
Tcaeu
Vulcan O I
MINIMI
fl1
ifl
III!
eC
IMIKPKNIIKNT Oil.'
ar 81. ahnwe .'IU0 trust rnmnanlas
ifiraj.aJJ.aii.y.'i'.i.-n. .11 male
irsji. ,ffc.nw.i.ai! inn
jltM,w;,H4.H. and
8.48R30
S.40f4l
J 8943
.36V3T
V. y.'"
Onn
8 AAttM
s.sewsi
S, II Will
.4.nrfi:i
8,3
Rnsten Wjemlnc
ilra?es Oil .
( arlb .Sjll'l
Cities fierlc (old)
Cities Serv'fe IV rtfe
nmlen .- e pref
Creele Bjiid ,.,
Knglneera leppl
V-rferal Oil
4
172,
111".
&
. .
7I
4
inj,
1
ti'
l.H'-j
8Bsi
72
ft
4
JT1.
10
Alaalsa Hr Celumb'a
111c i.eaie
Iiosten & Mentana . ...
Bosten 4: Ment-ina Cens
Calumet & Jereme . .
Certea Sllier
freJ.sen OeM
llelbrea Ksperanz
Divide Lilenmen
llureka Croesus
Hard Hh.ell
Harmlll Divide
Howe Sound
I Indinenderit Lead
MiiKii'a. Copper
Mether I)de Clt
.Mether Lede old .
National Tit
Nec Dominion
Nlplesinir
Ray Hercules
Tonopah .Midway
II H Cent
L'n'ted Kastprn
Yuken ne'rt . .
in",
ir.',
jj;
18
!'1
181.
Ill
73
is":
no
30
a
21
51
3H
Si
80
2 '4
f!)
IN
10
84
I'
81
S
:.i
3 -j
2
r.4
a
n
34 :
I0'n
15
-V'
l'i
HI
1'
M
TA
1.1
-s
35
30
.'I
J 4
All
I'a
n 1
Sfl.
2Tl
no
is
20
34
:?
30 4
'l
A
10'.
15
1,
111
1'.
3d
5',
in',
HI
JIM,
,(;'
50
3
'J I
Al
8'i
or!'4
18
20
.11
3
:in
S'i
33
3 'j
2i
(l'i
a
A
14 'in
BAR SIVCPI
d io4ar5,n'Ienlgn ,",y -r-
Failures Reported for the Menth,
Were the Largest Since 1915
Iliisiness failures in the Culled States
during .January were Ihe largest of tiny i
month smct. January, 1015 according!
I te It. J. Dun & Ce. Tlie total was
I 2728 against 2444 in December, I8O0,
I in January, last year nnd 2S4S in Jan- '
uiiry, iui.i. Despite the increase, Iiu
I billtles, decreased 18.0 per cent from
December, when the amount involved
was unprecedented for a slngle month.
January liabilities amounted te $73,.
705,760, against $S7,5021S2 In De
cember, and a lnqnthly Average, of i52)
000,000 for 1021. The low cm monthly
total of indebtedness In 1021 wns $84,
000,000 for June. Frem that month
tliere was a steady ineiense te the end
of the year, with tlie exception of the
moderate decrease in September.
NllliiLpr
1921 111. 'II mil)
isiie
inn
1SIIH
14iT
13.-..J
Is 2(1
1441
Mil:.'
linn
1713
lOfWhJte Mtr 80Ti
ri
12
33
30ii
33 te
20L.
3r:i4
40
51
M-"h
33
50' j
85 1:
AT JV
2!la Vs
35?,- .14
j j 1 ;
1 '
12
33
IC Uelz'm lhi
.... . j uii ,.
4 . 100(4
P . 100T4
1.. lOi
K Itelr'm rets
1 . 103
2.. . 10S.
5. 1.034
Kingdom en
nark ct (Is
2... . 9'i
1.1
4.
r.
13.
4,
A.
Kingdom
nlti
9414
nH.
94 H
04
nti
Den-
murk ct 6a
1.... 108 '4
5.... 108H
A 108S
13.. . 108'.
Kingdom Nor
way ct 8s
16.... 1104
1.... 110H
K Sweden H
i
I.
n
1 ...
1 ...
Queensl'd
Lean ct 7s
20 , Hi
1 . 10'
I 10'
Rep Chile '41
OB.
n(I!i
7
DT'.i
Uxt
101
100'i
tot
10t4
101',
10t
1014.
101 '4
Ren Chile '46
1.
3
3
2
A
3.
in.
If.
1
n
4
3.
A
1.
100!i
loot
100,
100'i
100,
lUH'jj
IVU-,
1.1.
1...
1..
Dal A
I....
Den &
2....
2....
4....
3....
103
103
it sip & s ate
M 614 a rets
1.... 101 li
1.... 102
MKlTDwl
13..
23,..
2...
30...
20...
26...
1...
4...
28...
7..
2..
4 B4
4B14
434
4514
484
45H
4514
4514
4Bi
4S14
4B14
Me Kan as Tex
2nd ct
10 51
Me K A T 4a
6 744
1 7414
10 74
M K A T 4a wl
12 fll'4
6 64 H
M K 4 T 414a
20 631.4
M K T 6s wl
4 774
fl 774
2 77i
1 774
10 T7i
M K a T 6s wl
6
4.
1
2
10.
10.
10.
M K A T notes
20 .... no
no ei;
30... . 6014
60 14
fil'i
014
OIM
91',
DI4
014
tHH
30
Hud cv
01 U
II O fd
. 461,
. 46
. 4614
. 464
Det Kdl SS '83
6 91
Det Kdl CO 61
1.... 101
D Match 7V4
1.... 107'i
1..,. 108
D de Nemeura
Pwdr Tits
1.... 10.114
fi.... 103'i
Hrle RR Ce 4 s
2... . Afl'A'
1 57
4 37
Erie A Jay (Is
1....: 81,
3 814
Plsk Rub'r di
8s rets
fl.... IOI14
1.... 101'i
Oene't Elec 6s
1 . . . . 105
Goodyear T &
Rub'r '31
B 07'
1. ... 074
3 074
1 07?.
Goodyear T &
Rub'r '41
2.... 112
0.... 112
O Ne'n Rly 7
10.... 107T4
A . 107'4
7 .. 107T4
4 ins "
2 108
Green Ray i.
Wcufn U
5 n
Hud & Man fd
1 784
Hud 4. Man In
,S3'f. 1 eiN
1.
A ..
49...
3...
IB...
1.
614
614
61 i
6t4
61H
nl
01
1.
1.
I..
15..
3..
8..
1.
3IIH
50 '4
Art",
.-.014
.18 'J
BA't
III Cent' (Pie
1 108'i
Ills Steel 4 Vis
9 3!)4
"J... . .19
8 rtO
Info Met 4'i
A.. .. 19
1 18S
2. ..10
A. ... 10
7 . 19
1.. . 19
Inte M ct 4j
A. .
1..
Am T
11 ..
5...
A Tel a Tel 3s
1 90
6 ft.Vi
1 90
A Tel ft Tel Cs
1.... 111'4
3.... HI '.4
... . 11 Mi
A,. . 1111.
2.. . 11 l'i
Armour 4 '4s
1 80
1 89
20 111',
A T A S Fa a)
1 80,
A T ft 3 f 4s
ju... . en-,
2 88i
w. . . t OD'
All coast I, 7s
3 100
Bait &. Ohie cv
2 73
1 . 7314
2. . 73 14
Dalt a Ohie 4s
1. .. 70',
A. . TT
4 77 'A
t . 84
Dalt & Ohie As
8 7
Dslt a Ohie As
It... . ftOij
0... . 0fl.
B.... OOi
u a 0 p l n
a W Va 4 s
0.. .. 74
B Rapid T 7i
A 63'A
A.... 03 H
B Rapid Tran
ct 7a sta
2 03
2.. .. 02t,
U Union II 1st
1 70't
Buffalo Recli'r
& Pitt 4tN
1 89'.
Bush Ter'l As
n SO
Cal Oti; 1st Inxlnclbla Oil
0 . . SO'.' Cerp 8s
Calif Otl! 3s 3.. 87'j
1 03s. Iowa Cent' 4
Ctl Leather 3s, 1.. .. 331,
1 04iKan c I 8 t
3 94. Meme la
Cere de raa'el 10, , , 74 .
Cerp 8s Kan C & ,s 3s
1. 112 1... . A4
C ft Ohie 4 .1.... (14
10.. . 84 9... . 84L
C ft O i-v 4ta.L S M S 314.
F... . S8Ti 8.. . 70'.
1 . 83 4 Lake Shere M
Chi A- Alten 3s S'n 4a '31
I. . . 55 2 nn'i
Chi ft Alt S'iS'Lehlgh Val fl.
New Or Tei
Mexico Bs
... oil.:
Ct'l 314s
... 76tt
Cent'l 4s
. . . 80
Cent'l A
... no i
... nnv,
... neli
.. new
Cent' I T
.. loot;
N T Kdl son Ce
64s rcta
1..
11....
1....
10814
108
insu
ou c
-, lUSTi
N Pacific R 3s
2. . 1 . . SO
N Pacific R 4s
l.i... S4K
Nth fl Pwr Bs
1 t
N Pacific R 6s
3.... I 10TU
Orea-en 3 I, 4s
2.. .. 88!,
3 8814
4 RR'i
Oregcn B I. Bs
B...... 78"!
Oregon S Lin
cuar'd 6s
4;..,. 98
8 07',
3 .... 08
1.. .. 08
Pr-W R It Ce
jsavi co 4
B TO
11 7814
1 74
13 78'4
(I...S. 7a.ll.
Otis Steel, lets
97i;
Pac CI & K Bs
B.l .. 87i
Pac T ft T 5s
1' 04 1;
Packard Moter
Car Ce Ta
" net;
Pan A Petr'm
& T Ce T
1 03 'i
Pa R cm 4'4s
L 5 871
Penna R R Bs
N Y
4..
n r
1..
N Y
2.i
1 .
1.,
4.,
N Y
4.
105ii
t05ti
106
105'i
I05?i
ion
105
New V N III
Hart'd 6s
1 60
N Yk Rlya 5s
1.
1..
2.
3..
Tela'e '41
. . 102'i
. . 102
. . 10.1
. 103
. . 102i
I. .. 102i
3. .. 102T4
4.:.. 10L;
N Yk W 0 ft
Rest 414
N Y
1..
1.
A
2.
1.
23.
4.
Nfk
3
Nfl;
39.
4U
30
40
40
R SI
.. IOOUj
H W cv (It
st n
10 m.-.x;
North Western
Hell T Ta
3
J OS U
,. 00",
, OH
. . 9514
n ohm
, I00'4
ion',
100i
. me.
It U 7s
100S
100
,. nn'-,
10014
100
lOfil.
3...
1 ..
1...
Penna
Sf...
li.'.
1...
Penna
1...
t .
1...
. n.
1..
1...
Preduc'n ft Re.
nnera 8s
1 09 ''.
Readihg Ce 4s!
1.. . 82',
Rie Oramle ft
W clt 4s
034
V l,J
74
Tt',
T41,
Tt'i
T41',
V In
5T
BTU
St L ft a 1
ceriti c
H. . . ....'
St li'saVl '
71... T.?!
"f A i'?r
2 M'
S."" !!.!
n -t
A Hi''!
"W'Afc'llJ
? 4 ;
3..,,, la J.
I-...: IS Jk
; 'ii
iSlncVa''cejf1
Cem 711. 'n
2. .." Wrt
1 .. 1n" V
? 1001,
1 . . . . .
' Paeltij fl'.
Se7" riciney
I?y;
BiTWi'-hSrlV
S.Vi'.i KN!
Sn R.I;V, "A
:: sa
Stl Rillwg, ,' .1
w is "J
: 'i
Rn n.,.' i'-ISI
-.. .,.,, , ,,l, ,
J.
St L ft S
f
10.. . .
1
A
5...
St I. ft S
80.. ,.
10
B
I..
2..
15..
23,.
4..
18..
A.
in,
1..
3.,
311.
57
A7'4
37 'i
f.T
.17 li
57
.3
4
1.
6...
25
1 .
A .
2...
0...
n.
10..
Sn Rly Mobil
O UtU 4
2 It,
Stand'd Oil of
-aur 71
4 ''.
iThlrd Avs aj
i.
Mi,
S4,
91',
4.
20..
1..
4..
3..
3.
10.
2..
10..
Teba
ll
Si'j
86',
SSi
M
IS',
6J
Pre).
37 'i
57
57 '3
St 1. ft a I'ran
Seriea A
3... CIS',
1... IIS"..
5 IIV-'i
Ht L ft S I'rnn
Berlc.i U
4... Mi,
I . . S2'.
0 3.S'-
ucts Cerp Ti
1 . . . . sn 1
Union Pac ri '
3 Ill'
lUnlen Tac U
4.. .. 90',
I SL
U'd S Steri m
0.... 100'i
10 net.
Utah rfti, f
,
Wabaah n -ml "I
1 4'j
3.. . IC
West'n Md U
te
IVest'n N T t
2...'.. T4
West Khere 4i
1 7'i
1.. M
,V Union iji ,
1 . . 107t,
1.... 107',
2 ... ie;.
Wilsen Ce lit,
2 AS'.
Wilsen 0 T'j,
3 or.
Liberty
Liberty
Liberty
Liberty
Liberty
81...
1st"
2d
lib
4l,.s.
H,s,
4'S.
Pi".
Illc'i
05.5II
1)0.5(1
00.8 I
07.8 I
111!. 1 1
1 .0V
05.8II
00.811
0I1.2I
07.21
011.81
11 -f 1
-. 11
n.i.i
!k;.::h
'.:::
1)7.'.' I'
'SMi.:: ; i-
15,
1.. .
If
Ksale)
1
Intb'e n
2
3. . ..'
I... .
8
Int'l Acr
t;
17
17
10',
17
T fd
64 4
Al.
04 i
A 14
014
A 14
C 35
2 7.1
1. ... 744
I M Marine 1)1
5 em
Int'l P 5s rcta
15 84
8 84 'i
84
R Cuba 5s '01
... . RT I
Rep'n of Uru
guay 81 I
I . 101 1
t 101'J
State I'.le Oe
De Sul 8 1
1 01", I
I 00'. '
3 09t-,
10.. . 40
0 . . 30i
2 3D.
8 40
2. 30'il
2 30 i
0 . 30 Ti
10 40
:hl M ft Q As
0. . 07'i
3.
12.
L ft
101 '.i
101S
Myers Ts
A.. l!3'i
ft Nash 5'ia
5.. . ten
Market St Rly
t-ran lat
8.. R2
2 814
0Tt4Mex Petr'm Rs
nVi ion(i
',Min t,
"' 1 83
Viet'y Notes .'S-iif.100.24 100 '21 im".'i
Viet'y Notes l-lis. 100.2.' 100.21 100,'JI
LIVESTOCK QUOTATIONS '
,tl"?hU!.,l'' Pa-JKc, . 4. HOGS R.e.,..
tSOO heart. Steady, lleivlej. SO.SOffS.T',,
1'eat.v. light .erl.er mul piss, fie.411iDin.su
MIIEBP NI lAMIlS Recnlpts. BOOhjij
Slendy. Tep sheep, I8.S5; top lambs, il4.3.-i
lower.
n lALVKJ Itetelpts. 23 head. H'ahtr.
I.- C.MTI.i: RsMlnt.
Cahes. n-celpta, SOU
l'.ast llufTnln. IVI).
i-.-n neae. Kteaiiv,
head: l lower. 13914
HOQS Receipts. 3200 hend. 15c te 2.V
higher. He ivy J9.50Wn.75i mixed. HO
10.23- yerkers, 810.2111118.35; light de, and
plus. 810.2.vai0.50i reuRlits. 47.50O7.75
sings. 83.50J7i4.50.
SHEEP AND LAMBS Receipts, Hen
head. Lambs active; sheep slew, prices uii-changed.
U. S. Certificates and Treasury Notes
Int.
Rate
t'fl,
t5J
4'
t4V
Maturity
uai
March. 1922..
March, 1022..
Mnrch, 1922..
April, 1922...
.tune, 1922. .
June, 1022 .
August. 1022.
MPT., IU2 ..
Snt.. 1022..
T'4'l IJfU., 122, .
3. .lune, 1024...
Sept . 1W2-. .
rcn. in:
t5'4
Itlil
100 l-lll
100 3-32
ine'i
tee
100 1.3:
Aaseil T'.ll
1VV .I'll, .HI)
KID 3-111 S.Bti
100 7-32 3
10H3.3" ll
100V. JH
100 13-32 inn 10-32 .l
KIO 21-32 100 ;,i-3'.' .11
1011 H-Ill 100 5-16 .i
100 21-32 inn 25.32 3 PI
tee'. ten. 401
ma ti-te 102'i 441
102 5-1 10JV, 4 4f
100 A-10 100'i 4.37
'Kxempt from normal 1'edcisl iiiemstti,
tAcceptable for payment of Incems tit
ity
A Au
14 Set
5'4 S"
'-3-4 .I'll
t'A'i Sel
tMV Ma
due en date nf mature
German Bank Statement
Berlin, fob. 4 The statement of the li
perlal Hank or German,.', as of January
fi:
shows the following changes: Total eeln.
and bullion Increased 477,000 marks: gel
Increased 290,000; treasury notes Incresiw
500.1 17.000; notes of ntlier banks decreuM
2,485,000: blllii discounted IncrflH)
H, 437.073.000; advances decreased 5.0U.UO'.
Inestmenta Increased 5.AR5.000: ether aetJ
rlties increased 2,260.977.00(1; ntes in cle
(Vlntlen Increased 3.48(1,100,000; depeall
Increaaed 6.523.330 0(H), nth"r l'Hhllltlea, In
creased 2.308,129.000; total geld he'dlnti
C03,0I)().0U0.
Oldest Bank in New Mexico Cloud
1ji I'rucra. N. JI., Pel, t, The Bewmin
iiaiiK ana irunt ..eiiipaiiy 111 ,. i.. 11
i-nnllallTeH nt 1100.000. elnsril veqltTflaV Mil (1
i...,. ....... .-.." ... T. -r...v. ..-..-. .. -----.'
inns i in trie nanus or tne ,-saM nana exsnuii.i.
v, . ,, The bank's deposits totaled about IJ73.CW1.
.. ' " ,n Ula eldest bank In fuulhirn .Si
Mexico.
I
Tanuari .
Prtbruary .
March
I April
May ,
June
July .....,.,
Auvust. .....
Beptembw . .
October ..,.'
1022
2723
II
9 9 f
9
i t j
3ili)
1112
3(H)
31)
5tT
(174
IISI
(1711
AIT
923
117.1
t,0J
(I2t
518
531
45
152
IflR
473
468
551
mm
117H
0M
1142
1)05
sail
R04
TNO
T2II
671
AIUI
570
50 War I&S
10 Yerk Rwy
30 de pref. .
t.Set change m-idel.j umuiansuii with !.,,r I
sale en New Yerk Stuck Ilxchnngc
...''LW '.al0''' '--"'I "hue compare,! i,
23,8h0 ilinrcs ycsi,rJti- 'Ihu. far ililn
week, 81,250 share. u' '" "'"M
I'HIUMIKLI'lllA 110M)s
Uien Lllierty -d I'is '12. nr, ;i-i
800 Liberty 2d 4V,s '12 . . im'es
400 Liberty 3d 4,s '2S..lets or! OS
1000 Liberty 4th 4Us '.".S '.m .(e
10000 Liberty 4th 4ffls '3.. in' l"
050 Liberty 4th 4Vi "M. .inn. ciit'.u
mnn T I. .'. A.. ..7 .....''-." '.-.
icitai iJiecrty -itn -j'ts -;js.
1230 Victory 404s '23
12000 Victory 4is '23....
1000 Klcc & Peeples' 4s,.
lOOOPblle Klee 1st 5s ,.
500 Phila Klcc 1st 5s . .
8000 Phila Klcc 1st 5s ..
3000 Phila Klee 0s
8000 Phila Klee ds
1000 Un Rwy Cs
We recommend the purchase of
American Stores First Preferred
May be exchanged, for Common at any time. One
and enc-tliird shares of Common for one share of Pre
ferred. Detailed information upon request
GARRISON & CO.
WIDENER BUILDING, PHILADELPHIA
MEMBERS
Philadelphia Stock Exchange
New Yerk Stock Exchange
TELEPHO.SEI,
Philadelphia Sfruci 8370
New Yerk tVrr 3672
00.30
ets.100,14
a. 100.20
.1. 01
... 7j
... 07
... 07Vn
... 102
.lets 102113
7C1'
Tnliil. SIB.40n. rnmnumrl .. hi. .r n.
lerrlav. Thuu far thl wml ..c'caV 13
II r.--" - - "y
this week. 4582,800,'
DIVIDENDS DECLARED
Cities Servlre Company monthly U of l
per canton common. Preferred and prefer
ones B. payable in scr p. also divMVJ,
-.a, uui uriiL uii luiriiinriii n.iini.i
-....!.?,'- aVW jL"te?lB rorrSaatle.,.
Investment Heuse Wanted
Must be a high-grade house te handle
a $1,000,000.00 issue of seven per
cent cumulative preferred stock in an
old-established New England indus-
t.tlla1t.ha18 always earned and paid
all its dividends promptly.
Addrcw P. O. Bex 2378, Bosten, Mas.
r Bar silver was S
si 14944.
m m
.44. ... ..
aa 1 1 ,-.,Vi.i,' if",.-i.'.',"iJ.J. ''
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