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