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STOCK TONE MORE CHEERFUL' ?4 ? j Heavy Selling by Short Ai-; terests Readily Ab sorba. SPECIAmESS?LL WELL Many Display Sharp Appre ciation from Friday's Low Figures. Strn-k* ?rere stror^ again t ?day, the rally wh r"i ,-ta tt>d Fr day a*-1 ternoon beinir n?nt: ? tied throughout j the session. Th?? strencth wr? ?<?- ' eral, and with but few *x ? ? torn-, prier?*: close 1 well above K.i?'avS ? f?nsi figur,.-?. Al the ?h M Apures which were reee*w*d irar the deee of bu?-ines.?? quotation*? showed aain?*j ranging from in t?? ?? ? int? when compared with the low level lea-h-j ed in Fridays f<.r.>n-',.n hrtak. At th< opening ?niral prue??. showed pains <?r fro? a f a tl -n t*' two points. Tl?.? letter level ? f quo tation?? in?iur. d further slsert eenr .?ring l'> Professionals Treir act iv i'y ac e er; te.l t ?? upward move ment. Toward its*- etnee liiere wa.-i a slight rweessssN from the beets due to pri.fit-tikint: hy p. rson* who pur? hased on Y\ iday. Many specula tor.-* who continue le be herirish took advant ???- of the lnu'ti quota tions to put out lines of short slock tnd Hals was on?* influence in caus ini; ;. ?liffhfl reefseiOH from the brut. The * lose, h? w. \. ?. was considered j eiroriK and would indicate a higher, r.ji'Mn? Monday provided t here are | no uni.tv-.r.tbl?' eerelesssBC-tt-. in the I meant.nit t >? I ?hares erere ->iomincnt through- ? "out the session. I 'rgettt hu> lag ol Mexican IVtiolium. Texis Company snd iSinelair v?a.> repartee1 at ?ulvam lBg quoiations. Sinclair advanced two points. Texas marly erre?, and atfexicHit F vu?.le um marly four, t or ' th?? fir.-t time in ?reeks Transconti nental tss ?im? d prominence, and at or.*; time showed an advance r>l' near ly two and on?-hail points. HvytM of this issue was attributed to shoit Hi'.nn:. lui aeree?? m a position lo i'avc knowledK?' oi the technical posi tion of the sto* k said the rise waa due entirely to pui chases hy shorts. The is.-u?' is now st id to In- in a s?ion-er technical position than it has been for sixty days. Stressi interest** are acate said le have beea a.-umu latino Sinclair IMI, the market for v.hich is beiag mainar red be ? promi nent broker, who bas-^s recaed as a maker of mark?-*.?* fee seearttftaa At today's hi-h pi ices some ?G the motor and automobile accessory shares showed afeare .????>?< la tiens from th? bottom pnces established Friday, ^his was part?cula- ly ti ue of Kisher l>ody, v-hicli eeld atar par on Krida v. but fco day changed hands fi ictloaall? au?vc lit. Stutz Motor, whea it saW at 1?-? \esterda?*. eil iw?nty points over ine low of ?iday. NEW YORK BANK RESERVES DECREASE New York. Feb. 11?The actual con lition "f Clearing He?? bank.?? and trust <<>!"";u.i''s for the week itivc Ii>s> shows that the) hold C1.1C2.140 v.> in esc?*? of lesal require ments. This ?s a Ircrraa? ?f ?.;.:?'.-" from 1?.st ? The statenv-nt folio? ? l^^iis. discounts, etc., J.".,l l?. ??>-'.*?" >UIM>. t -."71?? 1 "a.-h nt ..AH \alllTs. |"????????- ?#?1 ?ral ?IMI It Tank. $1?0.1 ??.???; in create. $:'...?? t Mlil. . Keservc in Yt 1. r.,1 Reserve I'ank of mcmlwr hanks. ?.'????>-.'?4?: decrease, riitl'.'?" Reservc in own v: n|u: state hanks ?nd trust .amnaiilia 4t2.::21.'..'; in rreaiie. SM."??. Reserve m depositories, state J>ank* and Irust com pautes. ?17.Tal.'?a?-, in crease. Sl.23e.9ae. N'-t (1. mand ...posits. ?1120.064. nnn *rerea*e. *:?."..211.000. Tiri'?? deposita, ?_'P. ???;.????; derease. B.iiijia . . Circulation, *'.'..'?': ????. ileeieasc, $1, ?ll.i?". I'nited States deposits deducted. M.V.7.'???. I||ll|ilf res. rv??. J.",7nr,S 1.000. Bacer? ream'?.. I3.KS.I1.1; decreaae. KraMSa Siinm.nv of state hanks and trust "onipaci s in? Ci. liter New York not included in t'l.aiitii. House statement'. Loans, discounts, etc.. $7M, 121 .?>??> ; d" i-rcase. ?1.?? ."..a- . tiolfl. $>?..%:.'?*?: increase. f\~,Ztv. fiirreno and Lank notes. ?7.1?7??; increase. $l,l.V?.."*?i. l>erM?sits with I'edcral Reserv llaiik. New York. $7",..:.l.v?i; deerease 12.11?. V?. Total aVpnatU. ??...7.4.?0?; decrease ?-.??.?.*?' Kliminaiiiic amounts due from rc ??>>? ?aaawMarl?? and other banks and tcii.-t ? om pan ?es in New York city and I'nited States deposits !7*> - 5*?.??: decrease. t*.**T.TTtt lianks: ("ash in vault. JS.O?i.??? Trust compunies: Cash In vault $71 - :i3.1tw>. FOREIGN EXCHANGE. New T.rk. Feb. It.??? day's for eign exchins-e: SterlinK. demand 1.39 i : rabie-. 3.40. Bankers. ?0 days. 2.12; so days, 3.10. ?" ame, checks. 14 02: rabies. 14.00. Bilxium, checks, l:i?>2; calles. 13.60; Ge - many, che? ks. 1.01; rib es. 1.02. Austria, check?. .31; cables. .32 Hol :and. checks. 371,; cables. 37*,? Italy, ? hecks. 11S.77: cable. 16.75. Swiss cheeks, ?02; cables. 6.00 Stockholm, kroner checks. 18.55; ca bles. IS.70; Christiania. kroner, checks, !7.25; cables. 17.40. Copen hagen, kroner, cahles. 14.65. Canada dollars, US.50. MONEY. New York. Feb. It.?Money on call on the New York Stock Exchange rana-ed between 14 and 6 per cent during the past week as compared I with 2( hitih and 10 per cent low In the previous week. Tim?* money continued very [acaree. Bids were made at 9-^ to 1? per cent by prospective borrow ers, but little money was to be hid even at these figures. Interior rates were unchanged. Commercial paper unchanged. NEW FRISCO HEAD. kNew York. Feb. 14.?J. M. Kurn a* been elected preaident of the '. Ixoiis and San Francisco rall ? ?jr by the directors. It is an? ?need here. lie succeeds R. (N. vn. who remains as chairman ? board of directors. Mr. Kurn een general manager of the 'nee It has been under federal WOOL HOLDINGS SHOW DECREASE Substantial Reserve Sup ply Still Held to Exist. (OVERNMENT HOLDINGS Releasing Product in Enor mous Quantities, Says Report. Wool holdings on Dec-ember 31. j ?If 1ft were ?24,000,000 pound?.; grease equivalent, or 105.000,000 pounds lens than on ^September 30. j 191?. according to the quarterly wool j stock report released yesterday by the Bureau of Markets, United [ States Department of Agriculture. ! That the commercial supply is even- ? ly distributed Is Indicated by the j fact that on (December 31, 1919. I manufacturers reported holdings of 244.0??.??? pounds and dealers 2*42. Oort.OOi? '"?units, grease equivalent. This should not he taken to indicate that dealers owned the quantity re ported by them, for while they held practically one-half of the stock upon which there were no restric tions it is evident that a consider able portion of it was belng^ stored by them and being held for shipping instrdctlons. Although the wool supply seems rather large, when referring to the total figure. It is not considered more than a comfortable reserve supply which should be carried in 1 this, ? Mili J?H all times to meet any emergesjey in case the regular importations of wool were Inter rupted, says ?he bureau's wool spe I eiatiHt. <??>*. rrnnifnt ? ?Id ins? Decreased. The government's holdings of wool have decreased materially attere last year. The wool purchas ing quartermaster reported that on December 99, 1919. the total stock of wool in the possession of the government, spot and in transit, was ?.13.746,502 pounds, and estimated the quant it y of wool in dealer's hands not >et billed to the govern ment as 70.000.0no pounds, making in all r.S^.74?i^>02 pounds, compared with 99.119,999 pounds on December 21, l?* 1 i?. This clearly shows, it Is elaim?d. that tne government ' re leased Its wool holdings as quickly .t* possible in such quantities as the market would readily absorb t liront ? public auctions throughout the year. The British ffovernment is carry , int' ont its propose?! plan to llqui ; date its wool hnldiPKs sent to this ( country 19.939.99t pounds of grease wool and 791.94)1 pounds of scoured wool, which was reported by the ? representative of the British gov ernment as being held in this coun try as of December 31. 1919. The total holdings of dealers. ; manufacturers and the I'ntted States and British governments aecordln? to eond:t;ons were; Or? a-*e arco]. 394, ??CH?C pounds; seo ii red wool. 60. 779.S 14 pounds: pulled wool, ??4,907. 999 pounds; tops. 19.Ml.o93 pounds; noils. I1.299.S91 pounds. CRUCIBLE STEEL MEETING ON 'MELON CUTTING' MONDAY Enough proxies have already been ?eceivel by the Crue ble Steel Com pany of America management to injure the approval of the directors' proposal to Increase the capital from ,25."00.000 to $75.000.000 of I common stock. The special meeting to vote on this is scheduled to be held tomorrow. The authorization. ?which will amount to 200 per cent of the outstanding common stock*, is to be used for stock dividend purposes. Wall Street learns that as a starter the directors, once authori ze fi on is obtained from the stock holders for the capital increase, will declare a 25 per cent dividend In st<?ck. Crucible common, which has stood like a rock through all the turmoil of the falling market of the past fortnight, finally succumb 1 ed lo the selling pressure, Fri day, when it was hammered to 197. On the later recovery, however, it rallied swiftly and strongly, closing ..nehanged at 208. ADVISES CANADIANS TO STOP SPECULATING Stock exchange houses with Cana dian branche? have been advising 'their clients in the-Dominion to keep out of the New York market, because of the extremely adverse exchange. , A leading New York brokerage firm j in a wire to Toronto said: "In view j of the present situation of exchange ! between Canada and New York, it is 'not practicable to continue stocks for | Canadian accounts until such time as | the cxi narice tends to right itself. We mue our Canadian friends not to pui ehase securities in New York unless i* is to cover shorts." While nothing is said about the advantage of sell in- stocks in this market, there has been a considerable volume of liquida from Canadian sources to profit from exchange and build UP dollar balances here. Canadian Pacific has been com ing into this market from across the border in a steady volume for some time. ' STOCK SPECULATORS FEEL MORE CHEERFUL Gleams of hope shown through the barrage of gloom In Wall street yes terday. Even before the recovery ?et In ? more cheerful feeling was dis cernible. Not that the financial dis trict looked for ?ny resumption of bull operations. On the contrary, the opin ion was still widely held that the de cline will go further before we have seen an end of it. But most observ ers seem to think the worst is over for the time being, and that the sharp recovery which resulted in vigorous snap backs in most industrials would carry ahead. Indicative of this, the professional pressure ?gain?t the mar ket was not nearly so pronounced. Moreover, members of the bear clique were reported to have covered their short* and to have taken up a posi tion on the long side for the moment. AGAINST PROPOSED FOREIGN SHIP TAX Proposals to encourage an American rrerchant marine by imposing a 10 per cent tax on all goods Imported in for eign ships, made before the Senate Commerce Committee yesterday, brought severe criticism from Senator Nelson, of Minnesota. "That's all rot," he declared, warm ly, after Alexander It. Smith. New York, of the American Protective Tariff League, had suggested the IV per cent duty plan. "The exchange situation is already bad. because other countries are not lending enough goods here to offset what they buy from us." Nelson said. "Your plan would still further dlscoursxe im ports, and It would also encourage re taliation by other countries. " - counti NATIONAL MARKETS es PJ? ?? MAKKK .S ??sffir BOND MARKET. LIBKRTY BO.fDS. UDertj boa? prie?? . a* Um Nsw York , Itark Eira?aaw ys??rd?y w?ra: la???? s* deaasalsatioa? at tlOO.) I Tesletdsr's Net l?n?. rio??, casate. yt?M. Liberti 3',?. ?*??? **3' rirst 4?. 9*.?0 ?M 4.4G. HK-.no? 4s. ??,?? ? ?.10 4.44T; rirst 4'... ?l.sn ?.10 4.??% Serond 44?. M.3H ?t* 4.70% Third 41,?. ??.** ??? '??*?' riwrlk ?H?. ????? ? ??*? *??* Victory 4%. ?T.I? ?.?? 4.???: | fcilRKK.N BONDS. Tester???', Nat I laaue. ria*. eta?! I Brlti.h Victory 4s.?02.00 +1.0? I BHt. Nsll. ??'?G Lao?... I3?.0U . +?.00 j Hrltl.n War Los? 3a-390.00 Belt Ian Restoration. 70.00 +Z.O0 ' rSS 4.. .-?4.00 +1.5?, rr?..h ?.. ?B.? +1.S0: liroittrr Berlin 4,. 12.0? ?2.30 rity Berli? 4s.:. ?.?? ? ?*? Haaihiir? 4. 12.50 ? ..TO Hamburg 4?.,?. 1???? ? .M? Dresden 4?. 11*0 ? ?*? Vurrmbiirg 4<i. It*? ?.SO Frankfurt 4,. 14.00 ? ?*? . I^lnsi? S?. ?*?? ?10? Munich B.. 17.50 - JO j Uerm?? tloit. 44?. ?.*? ?"O, ?erma? ??OTt? 8*4?. 8.30 ? .SO | EQUIPMENT BONDS. a????. ???'. visiti. I H.ltirsor* a Ohio.I'-i 1.00 nufralo. Roch ?V ?.<44-3? S.? r'MBadI?? NorUiera .4H-3-* ?.."4 l'anVItaa Parllb- .4H ?.*0 l'he.apeake * Ohio .?'?. *.1S rhlt-afo ?V Northwest .4?? 3.30 l'hit-???. It I * ?.4', 5 ?.23 I'm, W 1 ? V II.S ?.?0 llileksnaw Bellina? , ?..? 0.73 l'Ieie. CC t II 1>.???* ????? Delaware a Mouron .4', 5.73 Erie Railroad .41,,-. ?.37 llllntri? Central .443 3.75 IxmUrllle * .\a.h .S ?"?30 Mtt-hifau Ceatral .3-? *.?? Mmn * Ht Lonts.S? 1.3* Mi ?..uri. Kan * Tel. . .3 0 13 MltMMirl Pacino .I ?.23 Mobile * Ohio .44-3 ??' New York l'est U?ea.4V.-5 3.?3 New York Os R U.44 0.00 Norfolk ? Weater? .4%, 3.3? ? Y. ? H ? H?rt.44-3-? ?.37 IVnn Ge? Freifhl.4-44 5.30 Keaillof l'o .44 5.70 Seaboard Air Une .4?,?3?? ?.33 ? ??. ?.,ir Rellalai .? ?25 Sontlirr? Partie .4', 3.76 Mouthers Railway .41,-3 ?.12 ? ??.,,? Tank .3 5,IH) SHORT TERM NOTES. ??:: Seiurit.v. Rate. Due. Bid Ask. Yield. Ar?, later.l.? Ms.? 15.20 97?, ???, 8.00 Ar?.0 Mar 13.'20 ??1, 99 7.30 Bel?. 1 IT..? Ja?.. '31 0*4 OB', 7.00 Rrit. War 1.3 Ort. 1. '22 3M 343 IM. of l'a?.5 Apr.. 1921 97?, 97?. 723 Do. of fan..".', De.-. '22 ?SI? s?', S.nai Do. of Caa.SA, Nut. '24 ? 88 8.15 Du. of Can..'. Auf.. 1929 HI'S 0:1', Fr.-h Fra V. 3 . t.l ?3 Ital. TrSjr. V. G.7 so. 3 yr. S . 544 3*1, Ru. ?o. ruh.3?, reh.14'2? 27 M Ru. f?. rub..'4 Ih?.?, l.'l'l 27 M? s?.'H. '.-.t .. 't June ?.-..'S? IM Ita', ?.23 s? 1.. lio?...". Asf. 1 '29 Ml Wit, ?.311 War G. Cr..5 Apr.. 1920 9?', 100?? ?G I oainaat lasara. Am tot Oil.? ?pt. 2.'24 m\ ?7?, 0.00 Am ? * T..? Oft.. 191?".: ?4?. 94H 8.25 Am T 4k T..? Feb.. 1924 ?4'4 ? ?43 Am Thread.? De.?. 1?.'2S it?'.. 101 .". sfl Am Tubar..7 Nor., l? liai 100', ?20 Am T..h?f..7 Ha?.. 1?J1 WO", 101', ?.20 Am Tobar..7 Ni.?., ri.".? I'M 102,' ?23 Am Toba...? No?.. 19231 lui', 1112', ?1? Am Tobar..7 Nov. 192? 101'? G02 Aaa.'O top.? Jan.. 192? 94', ?3'. Arm ? Co.? Junr. 24)24 ?19 101 Beth Sir..7 Julr 13.'22 99?, 100'? ? 90 B-lh S t'r. . .7 Jul? 13 "?3 99', 100'? ?.SO Ian Nor_? l>b.. 1922 93 M 7.10 tan Nor_? Auf.. 1921 ?3 ?8 ?50 l'as Par R.? Mar. 2'24 9:l>? 94?, 7.35 ?' Ar? Ry..? Feb.. 1927 80 S3 ?.SS l'hl Kau. -, Julr 10.'21 S3 9?'. 8.70 tub Am Su.? Jan.. 1921 09 nw, S.75 lud.? ? Co..7 Julr 13.'23 90?, 1004 ?45 Del* Hud..5 Aof.2.1920 90 99'. 0.00 Fed 8u? R.. No?.. 1*24' ?5 ?7 ?.70 Itsarl Kief.? lui.?. 1921 I?'. 994, ?.23 li Nor R.T..3 Sept.. 192? ?7?4 M% S.0O Hull Oil Cr.? Jiilj. 1921 97'j in ?.70 Hoi'k Val...? Mar.. 1924 90 94 7.7S Int. R ?...?, Kept.. 1921 im ?8 Kan 0 Ter.? No?.. 1923 Ml, ?? ? ?.' latd li C..7 Ja?., 1929 95 ?7 7.43 I.lf*M.T...e Dei.. 1921 984 9? ?.30 Moline Plw.7 Sept.. 1920 9?4 101 Ml X Y Cent..? Sept.. 1921 ?94 IO14 ?.20 Phila 0?_4", Feb.. 1922 92 ?3 8.80 IVnn. Co. ..44 Jnae I.V21 97 974 ?*?? Proe * Ha.7 Mar.. 1920 69', 1004 Pror Jb li?.7 Mir.. 1921 100 101 3.80 Prof A C,?.7 Mar.. 1922 listi, 1014 4.2? I'r.?.? * lia.7 Mar.. 1923 102 103 1.90 Pub 8 Cr. .7 Mar.. 1922 83 8? 12.30 R J R Tob.? Auf.. 1922 '-.\ 99 ?.43 South lt.T... Mar. 1922 ?3\ ?It, 9.03 Swift * Co.? Auf. 15.'21 ?84 ?9 ?.33 I'tak 8 Cr.? Kept. 15.'22 864 88 11.30 ENGLAND BIG BUYER OF GERMAN DYES Accordine to cables from ?broad. Ensland is sparing no effort to ob tain all lierman dyes possible. It is said that 30 tons have already lieen re ceived. The English committee of dye users written ha? ?one to Germany under th? authority of the board of trade to purchase 2,000.000 pounds of dyestufi's, includes representatives of the board, as' well as expert users engaged in (tie cottt?i and woolen textile and the paint arid varnish trades. They are len in number, and will devote a fort night to selecting- the colors moat urg ently required here. Their purchases will be In addition to the 1.500 tons to which Qreat Biitstn is entitled under the reparation clauses of the peace treaty. From a census of stocks of dyes m Germany it has been ascertained that there were about 22,000 tons, of which 6.500 are due to the allies. The remain der, after the British quota, will be distributed to user* In the United States. France. Belgium and Italy. WASHINGTON, BALTIMORE AND ANNAPOLIS REPORT That the annual report of the Washington. Baltimore and Annapo lis Railway to be submitted the latter part of March- will show good earnings for 1*19 is the (renerai be lief in local financial circles. The report is now In process of pre paration. Although there are no definite In timations, of what the statement will show, the fact that offerlnB? of the stock on the local stock ex change have not been liberal and that the price has steadily main tained itself around 15 and 1G.1, grives grounds for belief that 191S earning-? have been substantial. The recent Increase of trainmen of the company will not show in the re port as It did not become effective until this year. The regular divi dend of 14 per cent was paid for the last quarter of 1919. LICENSE REVOKED. The United States wheat director today announced that the license of the Universal Floor Ulli, of Boston. Mas? , has been revoked antll further notice. This action was taken after the company bad been Riven a hearing and certain representatives were found to be guilty of unfair and deceptive practice. It waa charged. ? Berk Aaterteaa I a.ital. Buenos Aires, Feb. 14.?Ameri can, capital will be sought to build a new railroad to connect directly Ahtefastiga. Chile. with Buenos ? 1res. ,The road a* planned will cost liS.OOO.OO?. New York Stock Exchange Transactions | Ft KMM4KU BY ?. B. HIMI.? CO. I Open. Hlfk. Lew. iluklClM . 1?. 1?. IV AHI. Chalmers .. 41% 4m 41 Aw Beet Sugar., ail Aw Boar. .110 Am Cu. 44', ABI G? * M; UL Aw Drag flats ... 12 Am Hide 4 Lea.. ?MV? Am nid. a i. .r.iodi. Am lalernatioaal ttti . Ab Linseed .78V? Aw Locnsiotlr? .. M An Ship * Cow., toi. Aw Hm?l(ing ....'OH, Amerlraa Snuff ..all Am ?teel F?- %1% Amer Skatr .124% Am Stima tra _82% Am T.1 sad T?|?. ?7 Am Tob?ceo Sec. 07', Asner Wool?? ... 128 Am Writ G? pf.. 4?'? Am Zia. A Lead. 17 Anaconda Copper, 5o% Aaao Dry Good?.. .'.I?, a?,h To a er*... ts% Atch t a er? pf. 7?'., Alianti? Coaat L.. 87 Alianti? Gulf ...14? Baklwls ??? ...110% Kalte * Ohio ... ?V ?Ulto A Olilo pf.. 44 Karr.lt I'e .us . B?Oj]?h?nj Botar.. 214a KeUilehen? Bteel.. 83 Rath 8tl CUaa B. 87% Beth Btl 8'; pf...I0?% Booth naher!.?.. 10% Br<?ikt.?n Rap Tr. 11% Batte t'opper .... 8*4 Butte a Super .. 241* Butterlt-fc Pub ... 17 Oddo Uli . is-., (?liforai. P.kg . 7? California r.t ... til, Canadian Parlile. .110 Outrai leather . 70'. Out leather pf.101?, l'erro d? Paaeo... 404* 4>rtaln-T??d -3d (handler klolor .12? Chassp a Ohio ... tu', Chi I7rt W pf_22 Ol BUI 1 SI f 83t. (Ili VI a HtP pf.. 4**4 Chi a Northwa ..Tuli (SI It I ? Par... 24% ? it ? a Par ?* pf .'.?i c ? ? a p. 7". pf ?7?. Chile Capper _ 17% Chino Copper _ ?.-,', Coca Col. . 87'., Colorado Peel_38% Columbia (lai ... 58 Col Craphoae .... 41% It'ouaol Trit?i? .. 271!'. I Continental Can . ft?1. Coati l'ano.? .... lit. Conti Int Cnl ?. . IS1, [Corn Product? ... 80?, Crucible Pteel ...2tK)'? Cuba Cane Rua... 44t, t'uba Cane Ku pf. h0% li?n a Ilio Of pf. 10% 10% Dome Bine, Klk Horn Coal. Kedirott-*ohn?a . Elie Railroad .. Erle ?G. l,t pf.. Famou? I'll-.- . Piaher Rod.? ... Plak Rubber .... Preeport. Tex Oa.ton WH a W Onerai ? ir,' .. . Cea Kl?, tri. _ Itien Mot 'r. . |(i?n Betoni d?h. . Goedrl.h Rubber . Great Norfl.n pf. Great Nur Or?. . . ??Ulf ST..I.S Stl. . I Ha.kell a B.rkr . Head?. Mfg _ IHupp Bitor Car. atti In-plration Cop . ? 1 % lnterbor Beto .. G.'.. luti Hnrir.ter ..118% Int Mer Bhrin... 31?. Int Mer Ba pf... 82% Isti Nichel .20% luti Paper . 78Ta iron Product. ... 43% . 21 .11?'? ? ?', . 1? 00% i-r. :;.". 23?. 13?, 741. ?*>% n% m% s* 8?% 13 ?1% 81% 112 44% 13? ?, 12* ?fi 108 ?4% 78% '?e. 20% 82% M 42% 127 88% 87% "?',. 128% ?8% 17% ?? 32 >, 78% 78% 87 140% 111% 80% 41' Us?, 21% 84 88?. 100% >% 11% 8% 2.?. 17 20 77% 32% 12(1 78% 104% 40% 51% 131 4?% 22 SS', M 78% 28'.. 08 ?7% 17% ??% ?8K ?8% 87 42', 27% 81% ?% 19 80% 121% 44% 80% HI'. 10% 21 120', 12 80 11? 48% 128% 12 ?Vi 104% 02% 78% S? is? ?1% ?i 41'. 124% 82% ?7 ?7% 127 40% 17 30% ?'?I'. 78 78% 80% 148 II? 20% 4S% 118 21% 82 87% ??*.. 10% 11% S'? 24% It 18% 7? ?1% 118 78% 104% 4?% 50 Clew. Ili 41 81% 112 " ? 180% IM? 21% 108 ?8% 1?% ?0% 1?% ?2% ?8 42%' 127 ? 88% m%\ 50% IH 48% ? 17% I 38% 32% 78 W*' 88% 140% HI a? 48% 118% 21% 84 , 88 100% ' 1?% 11% 8% 17 > 18% I 77% 82% ! 120 78 104% I?'. 72', 134% V.% 28 '. 14'? 88', 1*8 24 V, To'. 72% 36', 84'. 1* 48% 22 33% 40% 78% 28*. 38 87% IT S3% 37% 37% 7? 41 a; 27% 80% 11% 1?% 70% ??? 80 10%' 101, M 11?% 11% 1? H?\ 121 3',% 23-, 18% ?8>, l.V? 241% 74% 87% 71% 35% 83 33% 33 13% 53 3% 110 32', 84% 20% 77', 43?. 38% .V. 18% 31% 3% 118 31% 82% Ma* 7?% 43% 130 fi , 5?. 30% 78% 28% 37% "?'? 17 S8% 88 **% 38% 41% 27% ?fi IP, 18% 78% 121 41% S?% '0% 10% 2?% 11? li?, io'. 71% 1.14% 35% 23', 18% 80 % 1.-? 242 74% 70 72% 3? 04 58?, ?5 13% Sa*? 3% II" 31% ? 20?. 70% 43?.' PUBLIC UTILITIES Am Light and Traction.. do. pr.. Adlroudark Elee. Power. Bid. ..178 .. 88 ... 14 ..78 .122 ...St? ,'., 8? ...70 A.hrd 184 0% 17 Am Gna and r.!?itri? do. pf. Am Power aad Light.... do. pf. Am Public I tllltle.. 7 do. pf. 22 Am Wnterwerk? Klectrtc. 2 Am W W and E partie, pf. 4 do 1st pf. 48 Carolina Power and Light.82 Citi? Serrlce.?SS do. pf.88% do. banker? ctfs. 38 ', do. 7 per cent Mr C. 1008_14? Colorado Power. 17 Colorado Power pf. 8(1 Com Pr It.? and I.. 18 do. pf.38 Pen (.an nnd Elee gen 3?. 87 Electric Bond and Shsre pf.... 80 Kmplre District Klectrl? pf.... 7? Federnl Light and Traction. ? do. pf. 43 G.i nnd Electric ??.uriti??-?7? I do. pfd. M Northern tibio Electric. ? do. pfd. 38 Northern Ontario I.t and Power. 10 d?. pfd.30 Northern Stale Power.?8 do. pf. 87 Parirle G.? and Electric pf_ 84 Republic K? and Light Co. 15 do. pf. 45 Sonili?? Cui Ediaoo. 85 do. pf.100 Standard Gas and Electric. 10 I do. pf.38 Tenn Rr Light and Power. 1% do. pfd. 7 Tutted Light and lira. 25 do. I.t pf. ?0 Western Power . 20 do. 1st pf. 0? Bond.. Appaiseli Tower lat 5,. Cincinnali G.? and Elee 5?. '38. 'Col Gas aad Elee 5?. '27. ICol Power '38. ?Dalla. Elee Sa. '22. ? East Tens? Elee .?. '42. I do. 7a, '21. I El Pirn Elee col ?'.?. Great Weat Power 5*. '48. Bldveat t'tll Sa. '23. Miss Rtrer Power lat Ss. North?? Oat Light and ??... North.ro Sutes Power ?., 20. Part ?^ Gas sad Elee Ss. '81... Paget Bound True L and ? 7s. Turin Oit? C and E Ss. Cn Light ? lat d. '83. ??7 ?0 85 81 ? 72% 87 88 M 84 73 74 128 li 11'. 74 12 ST M ma H 21 d m ?>r. Iti S3 2? 84 !'l 87 1? e ??? I'll ? ?1 ;? m :?? ll.'i '2.1 81 82 82 100 00 83% oo 71', 73 89 ? 07 78 77 OIL STOCKS. Bid. Anglo Am.ru.n Oil Co. (new). 25 Bonre-Serymaer Co.43? i'.'ick?.?? Pipe Lia. Co. 03 Chesebrough Manufacturing Co. 230 I Continental OU Ce. ?. 480 Crescent Pipe Line Co. 330 I Cumberland Pipe Une. 140 ; Ki.r?k. Pipe Un?. 140 ? Milena.Signal OH Co. com_ 7* 'Golena-ftlgasl Oil Co. pf. ?OO lutinola ripe Une Co. 104 1 Indurii Pipe Une Co. S3 ?National Transit C?. 28 New lock Transportation O. 1*5 I Northern ???? Lin* Co.".. 08 ?Oblo OH Co.;. 32.". Prairie Oil * tins Co. 300 miri. Pipe Una C.. 22.'. Solar ReOultta 00....350 ? Southern Pipe Un. Co. 103 | South Pean OH (?. 2W : Honthwn. Peau. Pip. Line Co. 03 ?Ktaarisrd Oil Co. 11 Cali forni? ? 31? Standard Oli Co. (Indiana).. 800 I?Stuodant 0(1 ce. (Ksuss.l.... 300 ! Standard Oli Co. ik.ntii? kvi. 340. ?Standard Oli Co. I Nebraska)-. 400 ! Standard Oli Co. (New Sorse..) ODO : Standard OH Co. (New York). 803 I Standard Oil Co. (Okie).SI? ( Swan sud Fluch Ce. 0". ? G???? Tank Lin- Co. 104 Vsrnnm OH Co. ... .le? ?Washington OH Co. 80 lT?nnajlranls Mrslcan Fuel... 83 Aakrd 23% 430 03 250 300 340 15? 148 80 105 180 98 SU 100 100 330 0(8) 240 370 1U8 300 ?7 315 ?111 6(10 3HU 31? 603 41*1 525 100 107 345 40 ?7 ATLANTIC REFINING. .Two hundred shares of the 'new Atlantic Henning 7 per cent i?e ferred stock changed hands un the exchange the first dey Of the Stand ard Oil Issue's admission to list. The price was. Hi 1-8. The ticker tape abbreviation for the aew comer Is A. r- JL f ? One?. Ule?. Mw. C?e??. Ka???* City ses. 14', 14'.. 1 44 144 Kan.a? City ? pf. 44% 44% 11?. 44% Kelly ?prise TT..118 1X1 H? 12? Keaaerott Copper. 28% 2? 28% ?? Krystoa* Tir? ..SO . 314 s? " SI', ladini Bisel.. 73', 73?. ?4 73?, I t*e Tr * Hub... 2? ?4 1? 2*4 ? larlilfh Valley ... 40?, 414 40% 41', losara tesi Sa?..'. 27 27% 27 -'7', ' Loft lisci ...... 19% 20 1*4 111', Last? WH?? . 49', 30 4*4 "?" Maaati ??far ...USI, 11?', 113% 11?%, Mai well Motor .. 22% 24% 224 24% ? Maxwell lat pf... 31% Sl% 31% 31% Me? Petroleum .171?, 17? ITI 175 Miami Copper .. 22 22 22 22 Middle'Sute? 0.. S7% S?% 37% 39',, Mldrale Steel ... 43% 43% %3% 43% Mb Ka? A Tel.. ?% 7% ?% T% ' MrlKaa ? T pf.. 10% 10% lu?, 10% Missouri Partite . 2S4 23% 23 23 National Acme . . S? S? M 3? Nal A?all?e A 0. 31 32% 30 511 Nat Coadnit _ S% ? 8% 9 Nat Kaamrllnf .. 74% T3 74 IS I Nattoa?! Lead .. 75% 75% 75% 73% Nerada Copper .. 14% 13 14% 13 H Y teatral -?7 ?8 ?7 ?7% ? ?. ? ? * ?.. H 2*', ? Mi New York laork .32 33 32 S3 North?r? Partile . 72 724 72 724 No?? Scoti, SU .. Ss .".s 37% 374 l?alo t'iti?, ?;,? il', 4S% 41% 48% Oklahoma Pro ... 7% 8% 7% 8% I Oatarlo sii.cr ... 7 7 7 71 liti, ?lesi . SO SI 30 3?" ??? I? Pelei? .. 77 7?4 77 78* Pan Am Clasa ? . 72 744 72 W% Parish ? Itlnthni S7% 38 37% 38 Penn?jlt?nla _40% 41 40% !" P? ?ebd Steel ... 21 % 22 21 % 22 Peoni?'? Usa _S7% 39 37% SB Pere sfsniitetle . . 27 27', 27 274 Palla Cumpa?.? .. M S?% 3? M?. Pierre Arrow -344 53% 344 54% Pierce Oll . 1T% 18 17 174 Pltt.burc Coal.. 32% 334 52'?. 33', put. a w ?? ... 24% ir. 24% 23 Pibd Creek Co?l . 1?', 1?'? 1914 19% Preaad su Car ... 874 8?% 87% 8?% Pullman Car.112 112 112 112 Pun?a Alefre ? .. 8i% 82T, 82?, M _ Railway 8tl 8pr . 824 924 ?24 ?2% Ray Co? Copper . 1?% 2? 19% 20 Readlnt Railway 8.4 11.4 ?74 H* Reminf to? Typr .72 73 TO 70 Rep In.a A steel. 104% 103% 104', 104% Rotai Dutch I? ..1004 |01% 11% 101% 81 I. * *?? Fr . . 1?', 174 1?4 17% Rt L A RW? pf ... 24% 24% 24% 24% 8?ioo Motor . 13% ].'.% 13?, 13% Heahord Air I. ... 7 74 7 74 Seaboard A I, pi . 134 134 IS'. 134 Hear.. Roe A Co .217'. 21?', 2174 2184 ?hell Trad * Tran ?2?, Kl K24 S.I Sin. lair Oil ??? . 374 19 87?, 40 Shata Knerrielil ... 711 TI ? Jo 714 Soother? Celt, . 92' . 82'. :?2 92', Southern Kay . . 20';, 211% 31 20 Souther? It. ? pf 32 33 32 33 Strombert f?rb . 3*4 ?ji; ??, si 4 , 8fii.irba.er Cp? . S9 N?% 8S?, .Hi. ! Stilli Motor .10? |204k |u9 120 ! Tenn Copper _ HI', 10% I04 II14 i Tei?. Inani. .1794 Is4 178 183 Tela? * Pariti,? . . 2*4 294 28 2*4 I Tobacco Prod ... ??4 ?st, ??', ??*? Tra?. Conti Oil 22 M*? 22 24 Tran.ne & tVIII . .V.', .'al .?,?, M ' l'ni.m Oli.2?t, 314 2?', 3??,' Ini.?? Paole.? ..liti, ll?4 1144 11?4, I sited Fruii 1-2?, |s3?, 182?, 1*3 1 ltd Retall ?tor .70 71 ???, 794 G S Cats Ir I'm- IH 174 I? 174 C 8 F?tal Pnsl . . 37% 59', 37\ 594 I ? Ind.,? AIcIoI ? -I 84?. 834 IS Reali. . 444 454 441, 444 G 8 Rubber . 974 ???4 97', ??% D 8 Steel _98% 994 ?74 s? C S Steel uf ..111 111 111 113 Itali '|,i,|.r 704 72 711% 72 Vanadn.ni Corpa . 47?, 47% 474 474 iilarll 'tin ... 82'. OS ?24 ?3 j Waha.h It It ... 74 7?, 7?. 7?, W-abash pf A .22 22 ?, 22 22% | ?'?.lera Md . ??, ?'. ?% ?'? We.tera Pa.inr .. 224 2S 224 224 ?Tratbe.e l:| * M 49?', 3? 4 49% 30', I 1\ l.eeling 11. E 9% I?', ??, . White Motor .... 3?4 34 33 I Wlllys-Orerld .. 2'.?, 23% 25% Wilaoo Cumpas.? . 70 70 70 ?.'orthlnf ton ? . . . 75 7?', 744 CURB STOCKS Bid. A.ked Ac",? Explosive,. 74 7% Allied Parker?. 2? 31 ?Americo Safety Rax.r. II?, 13 ? American Writing Paper.... 10 II Belcher Malti. 17 211 I Belcher Extension. 1.'? Is ? Ili? ledfe. 7-1* 4 Buone Oll. 44 3 B'Otnn a nd Monta na. ?7 ?9 ! Bo-ton and Vt'.vominf. 1', I 3-1?? Ctledonl? . S? 3< t'ulutnet and Jerome. 3-1? % lanada Copper.. . 1 I4 larbou Steel. 113 Ver licht and Power. 2', 2% rho.rulet \. 300 590 |l'itie. Serrlce Near. Ss 39 Citiea Serxie? Oil.390 o-, riti?. SerTlre pf. ?s ?? Colonial Tire. S 7 t'ontolidated Copper. 4', 44 rsaalt* Co. 7% 7% i 1 o-rten pf. 4 41^ tramp. . 21? , r?-? ?. ,1.1. 1'? 2 | l'urti.? Aero. 3 ?? I Pa'.i? Dal.?. II 13 j Klk Raain. S% sa, : Rni.'iwn l*hone. 3 3 ! Eitel Oil. 14 " I Ietterai Oil. 34 ?% I neastal A.phsit. 83 8* ! lacerai A.phalt pf. 123 1*9 ?lilenrook Oil. 34 34 1 linffe?-fiillesple . 2s 2S?, I HerU . 4 41? | Houston Oil. ?H 11? I Howe Sound. 24 3 Indian Paeklnf. 13', 14% Intercontinental Rubber. 7 11 International Petroleum. 36 5? Island Oil. 34 .-.'. ?lerome Verd?. ?"?? % Jumbo Extension. 4 4', Isti? ???????. 21, 3 l.imn lswo. 80 90 I.irinf.ton 011. I t% Mafma Copiter. 3? 33 Marroni of Amcrirt. 4% 3% Mason Valley. '-''.? 3% Merrill Oil. 18 ].?, Metropolitan Petroleum. 2% 2', MirtweM Oil Com. 1% 2% Mldweat Oil pfd. 24 S% Midwest Keflnltif. 149 132 MotherlodeNew . 4 44 Nevad? ttpiilr. 36 S? New Cornell?. 18 20 I Nlplsslnf Mine. Co. ?% 10 North Amer. G??. 3% 3% ? Northwestern Oll. 37 42 iHrlalioma Oil Ct.. % 1% Phillips Pet. 34 3? Prod, sad Ref. 8% 8% Ray Hercule.. 1% 1% I Rysn Oil. >% 3% 'Salt Creek. 30 31 1 Sspulpa Cob. 5% 34 S>o.uoy?h OH..,. % ?4 ?Imma Petrol. S?4 38% submnrin? Corporation. 12 IS Sweets Co. ',', .1 Swift International. 40 44 Tohaot-o rrodurls Export.... IT 2? Tonopah Divide. 2% 2% Tonopah Kx tension. 1% 24 Tropical Oil. 1? 20 !'nitro Eaatem. 31.. S% G. S. I.lfht A Heat Com_ 2% 3 G 8. l.?fht A Heat pf. S% 4% failed Proflt Rharinf. 2% 2% V. 8. Steamship. 2% S I'nited Retail Candy. IS 1S% I cold Tire. 4 vitac.loo .'. 17 1? Wavlaiid Oil. 3% 3% Afta OM. S% 4 West Eni (tei. 1 7-1? 19 1? Wrifht Martlti Aero. 1% 3, CHICAGO ? ? Petra. 2% 2% Armour . 98 08% Castaky Parti?!. ?8 Ut l.lbby . 23 23% 1. .inland . 34 3? Itlllllland pf. 84 St ISwIft * O?. 11?% 120 l'nion Carbide. M M% Willi? OH. 2? 2?4 8 ? *-' Before buying securities it might be well to investigate the solidity of the security ?s well M the house advising its purchase. Hundreds of mil lions of dollars are taken from i an unsuspecting public each .year by scheming individuals. LOCAL SECURITIES "'aafelaattaa 8taek Eichung?. aauta. W a.hlagtoa (las, 2.1 et 47. II at ?T. T a' 17', (aa of r?brusry l?i. AK ri.'R CAUL? W.aklagtea Osa, 30 at 47. 23 st 4T. M it 4T. 23 at 47, IS at 47. ? at 47. TT 8? SI M 03 S3 'm i% as ?2 31% l'abile I llllty Bead. nid. American Tel. and Teig. 4?., American Tel. and Teig. 4%? Am. Tel. and Tri. rtl. (r. Ss Am. Tel. aad Tel. con.. ?... Che., aad Potomac Tel. Su... lanital Traction ?"??. Georgetown Gn. 1st as. Betn.polltan R. li 3.. Potomsc Kle?trlc Ughi A..., Potomac Electric eoa.. Ss... Potomsc Electric Power ?... Pot. El?? Power G. M. ?a.. Waahlngtou Gna 3a. Washlagtsa H?) sad Cire 4s W. Itwjr and Elee. u. M. ?a Mlaeellaaeaaa. D. C. Paper Bf?, ?a. Itlgg? Realty S. (long). On Rig?. Be.lt/ Sa (abort). ?2 W. B. Cold Storage 3s. ?3 l'abile I till!t Mocks. Amtirin Tel. and Teig. 08 Capital Traction . ST Wuahlngl.ia (?na . 48% Norfolk and Wa.li. Steamboat ISO Wash. lie?, aad Kle?. com. Waak. Hwj. and Eier. pf... 45 ?atlaaal Haak. Capital . 183 Columbia . 1TB Commercisi . IM.tri. ? . 174 Farmer? snd JI??l.an.? ?. 340 Pedersl .!. 1*5 Lincoln . 149 National Metropolitas . 20U HI??? . 430 Srcvad . 132 Washington . 103 Trail I oanpaay American Ke.-urli.? and Trust. 230 Continental Trust ..*..,.. National Saving? and Trust. I ?. ion Trti.t. Waablagtoa U? a end Trust.. Savlaarg Baak. Commerce sad Savings. It East Washington.. 1? Libert? . 130 Berchsnts' . 143 Security Sa? . and Cummer.. 201 Serrali? Street . 113 Colon Sa.inga . 11? G. 8. Baring?. 183 Fire laaujraare. Arlington . . 7% Corcoran . TO rtremen'a . 30 G.rmsn Am?r:rsn . SO* National Dansa . IK Title In.arnaee. - Columbia. 4% Basi Esiste . SO Mlscellaaewaa. Columbia Grapliophoo? com.. 42 Columbia Grspnoplione pfd... 8? Chopin Sacks . 175 I). C. Paper Bfg. Co. ?at I). C. P.per pfd. ? Merchant?' Tiara, and Stor. 103 B.rgenthaler Linotype . 134 014 Dutch M.rket com. 4% 'lid IS.t'l. Market ,.??. |?% lan?(on Min i.r . 80 Security Storage . 310 aecurlty Htorage snd Safe Dep 140 waauiagma B.rket . 17% aehsd. 78 ?4 ?2 ?t ??% ?4 'M 87% ?7%! M> j 38 88 47 100 3*?' 110 US 245 1?3 210 120 ?% I.".? ? 81% DIVIDENDS. ?Uri 11 III. id?. d 20 Rro? s Shoe. 1 % 20l.enersl Iheml.al . 2 'JO.lreen Ra? a Western ? It 5 21 Harbison Walk?? Refractories 1% 1? Uaausn A Myers Tobacco... . 3 20 National lead pf. 1% IO Basati Sugar. 2% 20 Biddle State. Oil Trm. 10 IS l'r?.~il St??l Csr. 2 ' 20 Readme Company 1st pf. % tOIlo.? Dutch Co. .la Eu Tr_ 190*."? 1? do. ? ? Equitable Tr. 1 9085 ? is standard Billing . 2 IS do. pf. 1% ? 2? Slndehaker Corporation. 1%{ 20 ?.. pf. 1% Kitrau. Eastman Kodak Company?An eitra diri-, deod of 7% per cent ha? been declared in ad ?lltion (o (he regular quarterly dividend? of 2% per cent on th? ion.moo and 1% per! rest on the preferred, all payable April 1 to stockholders of rei-ord Februsry 2?. Iteuular llrelaratl.n?. Peb. Feb. Teb. Feb. Peb. Feb. F?b. r?i? F?b. F?b IVI. F?b. F?b. Feb. Feb. Feb. artas T?a. lei pf. Ameri? an Kspre.? Hrooklin l;.|i?..u Delaware A ? ? Manhattan Shirt National Sugar. . Ph. ti a ? U It. Southern Pacific . l"nlt?d Cigars pf. I' S Gypsum ...... do. pf. Valrolinc OH. i'.al? and Period Payable l', '.? Bar 1 31.5? y Apr- 1 ?2.00 g Mar, 1 ? 2 <J 43 %c g 1% g (1 ?j ? ?j '.' y %1.3? .?1.5? ? ??. . 1 1?. . 3% F?b ta Mar 1 Apr 1 Bar 4 Apr 1 Bar 15 Mar SO Mar M Mar 1? Holders of Ree. i Keb 1? , Feb ?? Feb ? Pet. 13 Feb 21 Bsr ? ?.-.?? Feb 28 Feb 27 Bsr 15 Bsr 15 Bsr 11 ?VI. Feb F.I. Feb leb. Fea. ret., Feb. Feb. ?F?b. I eh. Feb. I IVb. Fe'.. I>b. ;Fel.. *Feb. Meca.. Es-lll?ldead. Brown Shoe. 144 General Chemical. 2 Green Rat A Western R. it... 3 Harbison Walser Refractories. 1% Liggett A Myers Tobacco. S Marat, Sugar.,. 2% Martia-Perry Corporation. % Middle States OH Temp. 1? National la-ad pf. . 1% Pressed Steel Car. 2 Reading Company 1st pf. I, Roy Dutch Co. Am Eq Tr Ce. .1.0083 do ? Y Equltabl? Tr.I.80b5 Standard Billing. 2 do pf. 1 % Studebaker Corporation. 1% ?o pf. 1% EARNINGS. MrCrw>r.r St*re? < >rp*,ri.i inn Mct'rory NTore? 1'orporatioB rpport na let a fol lop^m ? ????? !.In?rTe?'??*? 1 Month of I..i-nthrr , $1 -i<? ?4? -;."...*7 ! G? lend*. Tear .Il 4WI..V? KB *?. S. Ri*???*?? Co-a-pany. fi. S. Krri.fr CtVapae* report? ?aira aa t follow? : \ M | Inrrr??, 1 Month of Januar* .? ICI G?5 ifl.76 Joari Rrathera Tea CvaapaKy. 1er. Jone? Brother? Tra rompanj. lee.? reporta thi* atore aal?-* aa follow*: 1919 *. I*cret.?e Month of Dc-ranber.|l.r?97..W 37.? Lalrndar rear .lfl.AO8.805 MM MKEESPORT GAS STOCKS. j 8T0CK6? Par. Hlrshberg No. ?. 200.00 ' Home Oli * Osa. 1.00 ! Runs? a Csrroll No. 1. 100.00 Knni? a Csrroll No. 2. 100.00 I Milligan-Krsrncy . 100.00 Bills No. 1. 100.00 Patterson (Proabrendell- 100.00 | l'Innari? O * G. 100.00 Russell Coa. 1.00 Instauras L * 0. 20.00 Snake Hollow. 100.00 ? Botes No. 1..'... 50.00 Trlsagle No. 1. 100.00 Armstrong Development- 100.00 ?Austin ProgresslTe. 100.00 .Brendel Peterson No. 3. 300.00 ?Burkbunett . 1.00 ICox-K.urne.i Bryan . 20U.0U Col-Kearney iSilli. nsi.tai I Gs?-Kes rney ( Peterson)-230.00 'Hotelier No. 1. 30.80 Etna Mara.500.00 Farmer Stenta. 80.00 Fisher Nos. 1. 2. 3..'323.00 Fulton No 1.... 00.00. Gilffey Development. 50.00 Rlrshber? No. 3. 200.00 Asked. 500.00 4.00 173.00 1211. no 400.00 173.00 300.00 95.00 1.50 33.00 173.00 110.00 135.00 C.10.00 130.00 3U0.OII 3.30 210.00 200.00 euo.oo 423700 10u0.no 100.00 730.00 150.00 200.00 'a?. ... SENATE COMMITTEE REPORTS FAVORABLY The Senate I/lnance Committee yesterday agreed to report favorably ! the bill to protect the marnealte and chemical glass Industries against foreign competition. The bills are aimed at Cierman compe tition largely. The dyeatuffe bill, ordered out two day? ago, will be reported as noon ms Senator Wilson flhishe? writing his report. The rider to permit free Importation o? print paper coating not syver * cents a pound waa stricken out. BOND RULING IS REVERSED Converting Bonds Into Stock Not Taxable Unta Sold. DOHERTY& ?. APPEAL Favorable Ruling Direct Result of Finn's Complaint. All holders of convertible bond? ire ?fretted by ? he rullnc made last seek by Daniel P. Roper, co-n nlsaloiier of the Department of In ornai Revenue. By the ruling any profits made ? exchanjrina; convei tibie bond? Into the stock of the ..bliiting company iocs not rome tinder the income i?s l?w as "taxable income." until I he stock Is sold by the converter Mr. Rt.per's decision is a direct reversal of a former ruling of the Treasury Department and arlara under an appeal made ??ainsi the original rullnc by Henry !.. !>?.),.-? ly and Co.. acting for tre C t.e? Service Company. Following the ruling Cities' hVrv. Ice Company made the following announcement: |n reference to con terai?.p of Series I! convertible gold debentures, we were pleased to say lhat the rdltng of the Treasury De. pannimi m respect to conversion of tlie?< debentures inte stocka has been modified si, that the difference between the price originally paid lor the debentures and the market preces of the stock Into which th? debenture? ?re converted Is Bot considered ?s taxable income." COTTON CONSUMPTION SHOWS EXPANSION Cotton, exclusive of lirters. con? ?*um#*d during January, totalled .?91. 725 bale* an compared with & 5*4,6 6 3 for January 1919. Amount ?on ?urn ed in cotton growmg States was $330.739 durine January, 1930, ai> comttred iM 310.134 during January 1919. the census bureau report ?-aid The to tal held in consuming t-stabUi-h m**nta January 31. ?a* 1.974.416 bales, a? rompare?! with 1 ?70.383 at the same time last year. The amount held in public storage and ? t compr*?*'?? totalled 3.7??.->04 ba'?~s as compared with 4.G.94.22?. Importe amounted to ?><? **:. a?? apitmM 11.194 for January last year. Bx ports includine linter?? to talled 929,671 M against b? S.I 43 Lint?*?*?* consumed durine January totalled 26.506 balen. as against 7, Iti bales la*?* ' ?-ar. Other compara tive figures for linters were: Held in consuming establishments 275.063 a? against 264.137: hela ?:. public storag.? and at compresses 3*5.274 as against 157.697; export-, 7 391 a? agam>t 247. Number of spindles active tiu.ir.p January mas given as 34.739.071 as compared with 33.t>66.2_?* last yea*. COTTON MARKET New- York. F-b. ? -Further gain* ??ere made In the cotton market today an an additional improvement In for pign exchange renewed strength In securities and a bullish statement on the ?.onsumption of the staple for January as announced by the Fedirai Cewsus Bureau That the covering movement was not completed on Fnda> mas evident bv the action of the market early, which, after Martina? 6 points lower to 5 points hisber. promptly rose ? to -- point!? net. Ivmand f?r March was relatively less seti? e than for later months and ils a ? on seo, u?-nee the premium on th:? near month was reduced slight ly. Scatt?: red resinine promoted a mod erate reaction tornarti the end of the first hour and ?shortly after 11 o'clock prices were net unchanged to 1."? points higher. Late in the session the Je mand increas??! and prices shot ?;? rapidly, making ne?' high cround tor the day. The . ?ose M firm, at a net ad\.?n<?? of S*a?> poitns. Si-ot here ?as stead \. with mid dling "-' points higher at >75c. there were no sales. Nrw Trtfk OMtta C?rh:i c?* prie??? ? rot ??? paaMstlaf ??????: ? Ont? ??fr neubd ? VOMr-nJU-'s lViiftu, ?t ????* <)(-??* rhsag? ipOIDtal Mm h . W.l-rt U.m ? .35 May . S4.1". 33 ?:. -.G*? JalT . ftSJM 11 .?s - .? <Vtoh*.f . -?.7? -J?.lT. +.?5 I>eremb*>r .... ?.?> WLM ?? .? MYSTERI0LS MARINE VALUES FADING AWAY Mercantile Marin-e issues hav? suffered with the rest of the market The preferred was particularly hard hit. .losing at 76 Wednesday, off more than 2 points. Kven the state ment put out by G. A. 5v Franklin president of the company, did not aid in stemming the tide of sellini: orders. "The paaaenger movcmeni ts very strong and satisfactory" hi said "It is true that the freight market is easier, ai.- there is lesi traffic moving, which Is largely due to the exchange situation. Al though the congestion and terminal difficulties in New York, due to th? storm, are just now serious, oui company expects to dispatch fron* New York this week six larg? steamers, including the Adriatic filled with passengers. provide?*; bunker supplies can be arranged These difficulties at New York dc not prevail in other ports generally where the steamers are running along very satisfactorily. The earn? ings of the International Mercantile Marine Company for 1919 were at least one-third greater than foi 191S. and the frenerai outlook foi 1920 is not discouraging " Selling of shipping shares has been heavy form week or more. Cer tain houses in Wall Street advised their sale last week on tiW? argu ment that the complete derange ment of the international exchang mechanism spelled a slump in oceai carrying trade. GRAI? PRICES FLUCTUATE I Early homes Turned Into Gains By Heavy Short Coveting . OCITLOOK F^ORAdBLE Buying for Foreign Account Expected on Large Scale Shortly. ''he ago. Feb. 14?Cash corri de? ? cline,! ; to 4c early toda?, cataste r a sharp recession la aaid session, with 'sales of February trata 1.41?. down ta ? HS, March, from L488, down to 12g>: I May. from lJB?. to 12.-*,; Jaly. freni ?I.30A, to 1_2?? aad September, fron l.-Tw to 12sa>*. I Tbc lower taracea wer? ts> the Uktng jaf shorts who ente rad the market ion the buying aid?, caul a? advance? ; from the lowest levels- Net gains for the day were show? of ?A te V?- Ar (other factor waa the cash markets, at ?outside pointa, aa some of the mar k, is snowed alga* or being well fOled i Much corn baa been aeld to go lavi I from Chicago during February and these contract* are yet to be ftllec (lattile is said relative to the foreign ; exchange Ooedlt Ion. Immediate strength arar the futur? na'.? market and price? showed gains of 1 to l'4c. Caan trade waa light, I with prices unchanged The ?column of business in rye and barley furare? waa ansali, with the markets following the lead of corn and cat? Ry? showed advances or IH t? ?>?c. whil? ?barley waa up \%c. | Hog products had a stronger ton? , ? although advances were small Th. trade in general was looking for in proved buying on foreign a'count | Chieggo Board of Trad* peters en grain ?nd pnrrisioa. yesterday ?rere: Yesterday's Prenons. Net coax? change atny. 1.3??? 1 g-t. . .?a?. Jaly. i.tr\ ? ?so, . orv ????? ,- ? May.???. .7?*, 4,1 -*?1G.7??, .??', ?..?,, M.y .33.00 34.M ..ta LARD? May . a 1! ?1 31 -.?? LIVE STOCK MARKETS. (Bureau of Markets.) CBIIAbO. Hogs?Recelpls. 1"00fl; light hog* steady, others strong to 15e hlgner ltulk. IMdUtJU: tur 11340: hear? ?14 -ial4 75; medium. ?14.C5al5.25 : light. $l?.s5al5.4" heavy packing tow a. smooth Hsmllnsi: packing j sows, rough. ?12 T?ale.4t; pigs. 81? 'ttsaicn Cattle?r.eceipts. 1.000. Compared ; w-.th a we?k ago: Beef ?teer? snort . ly steady to strong: choice hear?.. ? 25 to 50c lower, she-stock, steady !? ?weak: canncrs and bulls big quar i ter lower: calves. ?0 to 73c lower . feeders. 23 to 50c lower. Sheep snd Iasmbs?Receipts. 4 r 1 Cnrnptrcd with a week ago: Me dium to best fat lambs, 71 to to, higher: others steady. Choi.? j handy yearlings. 25c higher; other? ? and sheep mostly steady. I Kasnata Oty. Hogs?Receipts. 1.04*0: higher bulk. ?14 40al4 70: heavies ?14.30a 14.?5: mediums. S14 50al4.?P: light.? S14.25a1S: packing sows. SlJal?.75 pigs. Sll.SOaMSS Cattle?Receipts 4?? Market for week: Beef steers, steady to ?S> higher; butcher stock aad calves | steady to 50c higher, stockers and ? feeders, steady. Sheep?Receipts. 700. Market for I week. Fat lambs. 25c higher: sheep ! yearling and feeding lambs, 50c t" 175c higher; breeds, steady. Eaat ?t. I ??.? Hogs ? Rei-etpt*. ?.500: steads bulk. ?14 r.0al6 ,'?: heavy. ?14.?3? 114.75: medium. ?14.75al5.40: light. | |lS.15al5.?0; light lights. S14*Oal5 .40; heavy packing sows smooth. IITIfit: packtag sows rough. Ml | 2.-.al2 30: pigs, ?12?1G.. Cattle?Receipts. 450: no market WASHINGTON PRODUCE The wholesale market prices yes terdsy rsnged ss follows. Ban*??Strictly fresh. W: fr-outh cm 51. Cheese?June, whole-milk. SiaJ? Butter?Standard sreatnery. 7?a ? 77. prints. 77a7?. Uve Poultry?Roosters, per lh ??; turkeys, per lb. S0a?5 chicker.? lb. 42a45: hens, per pound. .*.(: keats I voting, each. 50a.5. Dressed rodltry? Fresh - killed < spring chickens, per lh. 42a45. hens, lib. 40: roosters, per lb. 25. t-.ia.svs. ! per lb. 50aS0 C?reen Fruits?Apple?, per lb. new. 54.noaS.iO. bonos. Can .:*>. Qai forni, lemons, per box. S4.50a*.5O pineapples, S5.OOa7.00. Florida nr anges. 15 00.15.50, grapefruit. IS 53 a4.00. Vegetables ? rotators, per sack ?Western. ?7 OOa7.50: nearby, per bbl S>> 00*7.00: string beans, basket ?4'?' aSOO: eggplants. Il.a0a>4 00 crate. cabbage. ?.;.50a7 00 cwt : beets. 34?." : I per bunch: lettuce. ?2 00.1*. 50 pe? (basket: Florida celery'. ?4 00a?5 5? ' | per crate: California celery. ?10.00. I 12.00 crate: celery. tVoaen, ?1.2.'a?-0i 'romaine lettuce. tl.Z5a1.50: stiuaah. ' ' S3.00aJ.50 per crate; spring onions ! J2.00aJOO per 100 bunches; onion? liner 100-lb sack. Si.75a7.00; sweet ? I potatoes. S*OOe7 50; yams. S4 00a - ?.50: spinach. S4.50ai.60 per bbl. ? | Florida peppers, per crate. ?2.00a. 4.00; Florida tomatoes. 17 50.4 00 per crate; bruasels sprouts, 25a50e ! per quart. Don't sell your liberty bonds If you need fund?, go to any bank and ?ccure a loan. PAYMENTS monmy *uyi o*r*em*y tfc? tr .W rVotw-a- jaqra- as. ?? 11 ? ? ask?/?A swassrssny tw? *?. ' if W M asrncsaw? NAPLES E VAN asaast G? ullnhst.S ?sat ?oaooAooT. U Mmm?fmKmrtU^n - rwtX CHARLES E VAN PIPER PLAYIN6THEGAME the story of ? man who saved $ 10.000 in 10 years by investing $25 a month in the right stocks? Fiscal SERVICE Ctrprititi 665 Fifth Avenue, New York City