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EVENtXG PUBLIC LEDaKK-rillLVDELPHIA, WEPKESBAY, OCTOBER 1, ,1010
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Labor Conditions;
'Aid Your Investments
V .' -. - . .
i When leading industries
i
.'
:
arc disturbed by unsettled
labor conditions, many in
vestors seek channels for
investment where their
principal and income will
be least affected by labor's
demands.
We are offering an abso
lute First Mortgage Bond,
yielding 5.56, of a large
company where produc
tion is not subject to the
violent fluctuations due to
labor difficulties.
Write for Jetcriptive circular,
Hemphill, Noyes & Co.
.1cmbers A'u) YorL Ntock Exchange
Franklin Bk. Bldg., Philadelphia
Jiow Torlc Hoeton Fcranion
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
i i . . i i i. i .. . f.i. --. , , - . - . . mi i m i , I, ,i ii i. i i iii 'I'Y "" Mi i -i -1 ii m ' '!! ii ipn-pii'ii i"finiimiinmMm-w
NEWYORK STOCK EXCHANTRANSACTIONSILOCZ' TJOPEZS ,f
muK& iKuyQuiJu JidrMLT
SIGNIFICANT SWITCHING
OF INTEREST TO RAILS
Violent Advances in Specialties at Outset Heavy Realizing
in Industrials on the Favorable Strike News
Oil
in I
We offer, subject to sale
Baltimore & Ohio
Railroad Co.
6 Bonds, due 1929
The Baltimore & Ohio has de
posited high-class bonds and
blocks as the direct security for
this issue. In addition, it has
contracted to set asido for cap
ital purposes, out of earnings,
approximately $17,500,000 dur
ing the next five years. The
investment vuluo of these
bonds should constantly im
prove. Price, t market, lo yield
about 6 fr
Edward B.Smith h Co.
bankers
ESTABLISHED JS0.1
Mtmhm Nu Vork ollrf Mia.'lel.lna
Sloe. Ezcltanats
I'lw.Anr.u'mA
till Cbeatnut M.
EV 10KK
EW I.OMJOV
KAhrilV
AIXKNTOWN
?s'c Yoik, (XI. 1 Then wan an
ollirr broad and 'active market today.
Violent advances in many siwlultle
Wfrn in order again with new high t co
ords established In n large number of
iiies.
The outstandiuK (eatiue. however,
and possibly th most encouraging ile
dopment encountered (or some tlmo
wan the midden shifting of activity to
(he railroad shares The movement at-
jlrneted more attention because of the
fact of bavins all the earmarks of a
Kt'iuiine reawakening of Interest in thess
long neglected shares, and was not ap
parently another one of the false bUrts
which have been witnessed frequently
In the past.
While it I generally recognised that
many of (ho standard tailroad shnres
are selling much below tbeir intrinsic
nltit and that the. group, as a whole,
are, strikingly out of alignment with the
general lint in the matter of value ap
preciation, ct the impulse for the
switching of interest was unquestinn
alih furnished in the. broad opinion fm
mshed yesterday by former Justice
Hughes on the question of exrets earn
ings. (hernight deliberation of this opinion
gave it greater importance than the,
fli-t impression in that it puts quite u I
different aspect on the entire railroad
situation The Wall street community,
however, weie apparently slow in
recngnuing the importance of the in I
culcnt This was largeh due to the
fact of spec illative attention being nl- i
orbed by the iijiotedinies of the spe
elultict Vinallv tliev giapcd the pos- i
sibilitie-, and when the rails began to
point upuatd quickly switched to this
division, especially as the industrial
quarter was showing signs of going
stale.
The tnoveinent gained in breadth n
the more active leaders gradually broke
into new high ground and by early
afternoon net gains of 1 to over 3 polnl
i were shown by tho entire group.
I The forward swing was resumed with
, little effort at tho outsel. the buying
movement embracing the usual variety
or imhips whtth nave commanded Fore
J mint attention for some time past I
me most conspicuous tcature win'
I uited Itetail Stores, of which ona block i
of 0000 shares changed hands nt n max-
inium gain of t) points. Another note I
worthy feature was Worthington I'mnn. i
ft BOO shares being taken at an advance I
f nearly 7 points. Crucible SI eel was i
inclined to react nt the outset but im ;
mediately reversed its course, rising !)
points to n new high of 2rt5. Among
other steels, also equipments, shippings,
oils and motors, gninn of 'J to i" points I
were nude in the first half hour.
Wmt Wall street considered the1
enrly rise, which resulted from bet-I
ter strike news and cosier inonev
tendencies, induced extensive profit tak
ing. Ttcactions of 'J to 0 points set in
among steels, equipments,, oils, motors
and tobnetos. The only prominent isuc
to make initial gnin was Atlantic fiulf
which made an extreme ndwimc of !
points. P. S. Steel forfeited its 1 point I
gain and Crucible fluctuated midwov
between the high and low. At this
junction impressive bujiug of incs!
ments nnd speculative rails ct in.
)
13
4
.tiD
NEW YORK BOND SALES
Ala. Oold SI cv A
J000 2 J
Am hmelt R Si
1000 So'j
J000 5H
2001' ' SV
HOOO S5'
Anglo-French
lOOn 43i looo oia,
100C0 .. 90 9 oon. . s
f of N Y 44 oflvvci. ,, tTU o.
1D0O. . . 05
The Bargain
Counter
- Current conditions in
the financial markets
rnnke it possible to
purchase securities of
companies with long
records of stable earn
ings and with ac
tively expanding busi
ness at prices to yield
"upwards of 7. In
some cases the prices
are the lowest on
s record. A htudy of
such securities will
present obvious op
portunities. For further partic
ulars send for Circular
Letter No. E-44.
QHAmER&GOMPAW
Franklin Bank Bids.
Philadelphia
Hv Tort Meatra
t 000.
5000-.
V'OOO.
I00U.
J0OO.
tooo.
1000.
J000.
1000
toon.
10(H)
1000.
J000
Am 'I'd
2000
2000
Mu Tl
OO0
IJOOU.c uOOO . .
J.i00..
1000 . .
20(10
1000
i T
'IT1,
.. 97't
. . 97 .1
. 97'
. 97st
.. 'I71.
. . 97 .".
. 97'
97.' t
97's
. . 97'4
.. 97.'.
9?S
Tel os
100' i
. .1005
Co ts
101
101
101
101
101
101U
7Si
May 37
1000.. .. 101'f
C of N V 4s of 59
1000 91i
it of Paris Cs
97',
.. 97J
97,1
97J
97'
..97'.
4 'd it So
Oil
4'. of 63
10J
4 '3 of b.l
IOC.
.ior.
Am Tel & Tel clt
1000 83
Armour . Co 4 '4s
000
7000
.1000
A T Af S K
,!0.i0
7000 .. .
At St F
1001.0
KIH
. 8-Vt
. Ml'i
cvt 4a
. 7S.
. 7St
la
7Si
'
WE ARE PREPARED TO SELL
"CALLS" ON
FRANCS
Checks on Parli
ITALIAN LIRE
Checks on Milan,
GERMAN MARKS
Checks on Uerllu.
Hunntnr tbre to six months In Uis sbovs
rorelm Eichmnio at prevailing- Jovr rates
M'rit sr call for I'urUculara
Newburger, Henderson & Loeb
1410 CHESTNUT ST.
Memberi N.T. & FtalU. Stock exchanges
Investors read
The Wall Street Journal
T H S Fo ad
.!O0U 71
Atch Tian S L. 4s
UOOO SI
AilJntle & Hlr is
snoo 7:t.'ia
Atl i'oast Lino clt
MOO 71'
1000. 71
Uilt & Ohio ev
0Ol ... . 70' i
Balto &. Ohio 4s
1000 0U
1000.. S70J
3000 704
Bait 4. Ohio 6s
1.000 70) i
Beth S Corp lBt
2000 0 H
Beth S G Cs of 36
7000 8554
6000 SOh
Bradcn O M Co 6a
9000 95i
5000 "OS
Broad & "th Ae cv
K00 58
Ilruna & W 4s
1000 SO
Cent Pacific 1st
1000 r
11000 7
Cen Tac n 11 3 '3
1000 82'i
Cent Poc cv 4'in
5000. . . 714
Cent nitotN .1 3s
.-1OOO ...100,'i
Cent ot Geor en
2000 . 8CJ1
Ches & Ohio cv 4H
1 inooo
I 5000..
I 10000
1000..
, 1000 .
, .000
I 1 of N V
5000
C of N
5000
, of N V
1000..
' 1000..
.CCC4SI Ij 4s
, 1000 05',
Den & 11 G 4a
1 5000 0)',
I 2000. . 305
1 1000 05',
j Horn of Canada '26
3000 94i
I Pom of Cun Cs 'Jl
1000 95
1000 1)5'
Col & South 4J!ib
2000 'U U
Con O cv
1000 100
7000 99", H
1000 09',
Den & It G con 4s
1000 , 05
Detu Vn P.V3 4 140
1000 70
D S. 11 Canal 4'in
5000 97
Uria 1st rt
1000... .I99'i
Urlo 4i
1000 .. .61
tle gen lien
10O00 .(94
nrlo R U cv A
2000 41
10000 44
1 Erie It R cv II
5000...
10000...
1 1000...
:ooo
0000
1000..
toooo
1000..
2000
1000.
D5U
953-j
05i
93W
0G'.
South Bell
1000. .
So Pacific ,
2000 ...
2000
.000
Tel I
hSl4H
v 4s !
S2'
. ST,
83',
N Y C, & K Light C
500(1.. fifit,
N" T Telephone Ch
1000 09J;
3000- . 90u
Northern I'aa 3s
5000. ... 574
N'ortlicin Paolflo 4s
7000 78J.
1000 . 78',
4000 785,
Northern Pacific 0s
2000. .. Srt
Nrn Stata P Co 6s
2000.. .. S5!j
1000 85k
7000 KS?t
MH)0 .. .
Onl Mining
lOUo 182'-i
Oregon Phoit L 4n
1000 82'i
1000 81
3000 S3
Oiof Shoit Line 6s
1000 100
Ore Wash 11 II 4a
5000 71),
4000 71),
Penna It 11 6s
. 85HB
Trani)
43',
41
4 3) J
44
14
T
i
&F a!
if?1' . ,jRf
MESSRS.
COLES & WURTS
take pleasure in announcing
that
Mr. Rowland Lippincott
has tilt day been admitted a
fc general partner in their firm.
October 1, 1019.
A GRAPHIC CHART
OF LIBERTY BONDS
VJt
' I
TBX.LS AT A GLANCE THE PRIN.
C1AL FEATURES OF THE SEVERAL
-LttMHtTY LOAN ISSUES, AN IN.
.VAE.UA.BLE AID IN MAKING OUT
vttMOME AND SURTAX REPORTS.
FREE ON REQUEST.
&
10UU
1000.
1000.
Ches &
sooo.
10000
10000.
20000
10000 .
10000.
10000.
2000
17000
2000
Jiuri vi mn p vniiuo
1 .OHERi BII.IBW a iwunu
iiWIHD TITLE BUILDING
MMirON PHILADELPHIA
'.m'.i... ' :
pi
Investors read
IwWalltaJfunuI
06
78
73!,
Ohio cv 5s
844
. .. 84),
. ... 84!,
84"t
84,
S5,
85Jt
84'i
. 851,
84
Chi & Qt West 4
1000 ,IU
Chi Hjb Co
1000 72'i
3000 72,
Chl & Alton RlUJi
1000 33
Chl B & Q 4s
4000 05!
4000.. . 05i
1000 05'
3000 05i
2000... . 95'i
3000. 05't
Chl Gvt Hu-K B. 6s
3000 60
Chile Copper 6s
2000 873
1000 87) i
10000 87.'t
1000 87H
1000... . 87h
1000 97
10000 i7!i
2000 .. 87,
5000. .. 88
SO00.. 88i
Chile copper 7b
S300 117
ruL rt ptpSdexct
10000 87.'X
Chl ItocK Is Pao fd
1000 eii
2000 68
200 .... 08H
2000 . .. 08!
1000.. .. CO
Chicago Union b'ta
4 Us Vrle A
5000 S3
C SI & St P 4s of ?5
2000 ,70'X
3000 70t;
Chl M & St V 4a
1000 . 07
Chl M & St p cV Ch
16000 104
C M & St P CV 4 "4
100().... UK
2090O,,.,.. 'Hi
Chl M St P jrm 4 h
3000 , tlfiU
City ot Lyons B 6s
Krle U It cv P
1000 45
3000 45
0000 .45
20 i() . 45U
Hud & Man T.R fd
1000 fiHJ
1000 . 556W
I Grauby Con M (s
3000 or.
",Vn ri"ctrlo 5s
' 1000 84',
I Jloeklng Val 4 '4s
1000 71),
000. . 715i
llud & M nil Co in
2000 . IBM
7000 155,
111 Cent R R fd
2000 79.T.
Ill Central 5'4s
1000 05',
III Cent Carlo Br 4i
1000...'... 79
300(1 79
111 Cen C S. L &
X OJt Bonds
9000 bS
Imp Jap Govt 4s
1000 70
I J G 2d eng ata
K000 . . 81
Inter Asr Lorp 6?
2000 83Wa
Int Met ct 4'Ja
1000 28
13000 27
20000 27
Int Rap Tran fd
3000...
2000...
1000
1000
1000
J 00
3000
7000
100IK)
5l)00...
HI '4
9,.
91j
91 H
91" 3
91 'v
01 H
Ul'i
91H
ui',
. . 105' ,
..105
105J,
. . . 105
-..105'j
..105
..105
.I0f.
..100's
101,
...100
I Oh',
..!0i!
..105',
..10HJ
...I05Ji
105
. ..105'j
. -1 or, j,
...10(15,
105,",
4s
.. ..'),
01
. 03',
nt'.
Penna en 4',ja
& (
o:
. 815,
. 8J
. 82
. 82)4
8.! 1,
Jo OS
09
09
69 a
24
1000
Penna gen
1000
8900
5000 . . .
3000.. .
1000 .
Peo L G
2000 .
1000.
0000.
Plerco Oil ts of
2000 105
P C C S. ML P.R. Dr
,4000 00H
4000 90!
Reading 4s
1030 Sl'4
10000 SI
1010(1 81
10000 81
Rep 1 & S Os
10000 01
10000 05
Rio C. & Wes UP. 4-?
7000 05
II I Ark & 1, 4
1000 02U
1000.. . . (I2U
13l00 02JS
120OO 02 ,'
5O00 02W
6000 (121,
St L I M & S RIt ;
10000 78
St Louis & Nash 4s
2000 085,
St L & Srn It It 1st
1000 08
1000 065
St L & Srn R R 6s
3000
00 Pac cM 5s
JUUOO.
21000.
30000.
10000....
30000....
12000 . . .
10000
7000.. .
1500O
15O0O
42000
40000
10000
5000
25000.
20000
2S00O . . .
. 1000 . .
29000. .
1000...,
25000 .
South Rail
7000....
2000
13000. . .
9000
ueadine gen 4s
5000 81
Southern Unv 6s
1000. . hS
Tc.u Co Cs
-'000 102',
Thitd Ao adj
5000 ;jqi.
Third Ao 4s
1000 SG",
1000 fiu
Union Paclfio cr
12000 84,
1000 si',
Tex & Pao 1st
1000 ui)
5000 lip i
tnlon Pacific 4s
2000 St',
3000 . , 81',
Union PacIOo
3000.. .,102'S
, 1000 I02J,
Lnlted King m;
2000.. on;,
L KotGBSI!
2000 . . )S"i
1000 . 08' 8
t,-'0?0 08),
U K of G B &
B'is or 1937
1000
1000. .
1000
100O .
1000
1000.. ..
:ooo
2000.. ..
2000
2000 .
2000
2000.. ..
2900O . ..
15000. . .
1000
U S Real &
100(1..
U S Rubber Cs
1000 h7
97
97J,
97
97
1 97
, 97',
. 97
, 0G
965,
. WA
. 96't,
. 9li,
97
. 90',
. 97i,
I Co la
Balea
44M
)W
;m
400
1100
:oo
zi
16700
100
ttoo
400
700
1000
6 J
400
'in
lino 4 ,o
..
tsjoo a
90 ..
o ..
300J
WO
Ic90
30M
V0I90
too
.1400
7S90
ton
too
soou
MM)
J4W
.1(10
3400
400
M0
6700
300
39VOV
3030
UDO
!00
500
UMOO
.0(1
SOO
iOO
1000
401)
1I0O
13000
390
300
tnoo
900
8100
5600
in
15)0
I MO
t;oo
740(1
MM
1100
4400
(,00
.100
il'JO
1100
S10
400
300
too
M
200
S00
.TMt
-00
3100
son
7700
an
IJSM
100
10503
low
330
::ioo
10(1
too
600
too
too
sooo
100
7100
400
0l)O
3400
1100
300
1480
100
3100
400
400
6990
200
3BW
3!0
100
SW
(I'M)
1400
400
3700
1200
300
too
2100
17100
400
7700
J110O
100
400
V)0
IDA
sw
1090
4099
Btiioo 1
S300
JO
32
J
5000
09 9
7000 6BJ4
55000 58J
4000 ... . 58!
5000 58!,
15000 68W
10000 584
18000 69
600J .. ..69
1000 59
5000 51
5000 59
5000 54',
7000 58Ji
6000 58J
2000 584
8000 38J,
K C Ft & H 6s
1000 D9U
Lehigh VaUey 6a
100CO 101M
L&NRR&SR
Mono 4s
2000 68H
Liggett & Mjers 7s
1000 109
Lorlllard Co Ss
6000 OK,
Manhattan Elev 6s
25000 06J
16000 07
1000 97J4
Mldvala S & O 6s
2000 87
Minn & Sr I, 4s
6000 ... 431,
4000 43!
Mo Kan ft T R R 4s
5000 04) j
Mo Paclfio gen 4 s
6000...... 6Sh
Mon Power Ea
1000 88
1000. 873,
5000 87 J,
JCot & West dlv 4s
000 76
Jv'orf & West nv 6s
1000...,..l(lflW
1000 107
6000 . ..106H
1000 100K
1000....-.107
N y Con R R 4'.
500O..... Si!
5000.
1000.
1000.
3000-
St L &
12000.
St L &
1000..
bi',i
. 50,
.... GO
.... m'A
.... 69!i
S R udl
.... 01
S P inc
Wi
St L & S R 4s ser A
1000.
9000..
1000 .
10000..
5000..
1000..
6000
57j
67M
58
58 J a
68
58Ji
58H
1000
5000. . .
2000
1000
2000
1000
2000
1000 . .
7000
2000
2000
V S Steel Ss
2000
.5000.
2000 .
3000
4000
4000
1000
S7
87
Sfl',
87
87
87
87
86! i
865,
SO!,
186',
PO'-a
99H
09) i
99),
99' 3
99V,
99,
Adan(a Ruinely . 46
.tdvBiica Tlumely pt . . 73H
Ajax ltubbor .It
Alasha Gold M . . 2H
Allls Chalmers Mfg tt
m Agrl Chemical Mft
Am licet Sugar 1
Am Can U
Am Can pf.. . .totft
Am Car & Foundry . 134
Am Cotton Oil 9H
Am Druggist Syndicate. . 11J4
Am Hide & Leather .... 3(lft
Am Hide & Leather pf..U9!4
Am Ico 4V4
Am Ice pf 70
Am International Corp .,?$
Am Linseed Co . ... 81',i
Am Locomotive 110
Am Malt & Grain M!i
Am Ship & Commerce . 31V4
Am Smelt & Rof . .. 744
Am Snuff .. .,...130
Am Steel Foundries .... 4JH
Am Sugar Ref ..H4V4
Am Sumatra Tob . 1I0H
Am Sumatra Tob pf . 97
Am Tel & Tel 80),
Am Tobacco . .311
Am Woolen ... .119
m Woolen pf 0J?4
Am Writ Papor pf . . CS
Am Zinc L & Smolt . . . 2314
Anaconda Copper . . W1J
Associated Dry Goods . 53H
Atch Top & Santa Fe . . 93
Atch Top & Santa Fo pf . . W4
Atlanta Blrm & Atl WA
m auif & w 1 a a . . in
Atlantic Coast Line . . M
llaldwln Loco Works . 144ft
Baltimore & Ohio .. ..40
Ilurrelt Co . . H"
Bethlehem Motors . !W
Bethlehem Meet . 108
Bethlehem Steel 11 . ..tcstf
Bethlehem Steel S pf ..118
Brook! n Rapid Transit. SI
Bklyn Rap Tr ctfB dep . 18V4
Booth Flaherlei ... . 1i)fr
Bruns Term & It It . . W
Butte & Superior Cop . . S7
Butto Copper & Zinc W
Caddo Cent o & r; . SJSJa
Callfonila Pad Co 9i4
California Petroleum OT',
Canadian Pjcillu . , IS3
Central Leather 1V4
Cerro do Pasco Cop . . 61V4
Chandler Motors . !
Chesapealio i Ohio CO
Chicago & Northwestern 9H5
Chicago Gt Western lift
Chicago Gt Western pf ZU
ChlcuRo Mil & St Paul , 4K4
Chicago Mil & St P pf . M5i
Chicago Pneumatic Tool. OS
Chicago R I &. PaclOc . !9i,
Chl R I & Par G pf '
Chi R I & Pao 7 pf S
Chllo Copper . 24U
Clilno Copper tVs
Col Fuel &. Iron . 4!
Columbia Gaa & Klectrlc. 03
Consolidated Cigar pT St
Contolldalcd Gas . C.1K
Contlnontal Can . tl)4
Continental Candy 1SH
Cont Cundy rta . '
Consolidated Cigar . Uit
Cont InPiirancB ... 73
Col IntcrstatnC.il Min... 1)i
r"oloiado & Southern . !85
Com Products Rof ... h$U
Corn ProiluclH Ref pf 108
Cun-lblo Steel Co .. . J.M
Cuban Am taucar . . 30
Cuba Cano Sugar . . . 4.I)B
Cuba Cano bugir pf .. sl)4
nelauaie . Hudson 103',
Denver & R'o Grando pf It
Dome Mines . . . MVi
Llk Hot 11 c ( ns
Kndltolt Johnson . . 118?,
r.ndlrott Johnson pt ,...I0(,
Lrio I8N
llria 1st pf . '-'7
llrlo Jil pf 18
FamoiiH plajera-Lasl.y .I13H
Fed Mtn A: Smelt pf. 33)4
Fisher Body Corp . 116
Flsk Rubber 474
Frceport Texas . . . . M'
GaFton W A. Wigmore . 30
General Cigar Co . . . W
General Klcctrlo Co . . . 1074
General Motor Corp.. ,'M3
General Motor Corp pf . 90?,
General Motor Corp Ueb, H8"4
Goodrich B F fc3
Goodrich 11 F pf 1MH
Great Northern pt . . . . t!4
Great Northern Oro rtfs. 4S
Granby Copper CS
Greene Cananea Cop. . . 4314
Gulf States Steel . ... Wt
Haskell & Barker Car . . U1H
Illinois Central . . . . 94?4
Inspiration Con Cop' . . B1H
Interboro Con Corp . . 3'4
Interboro Con Corp pf , 18)4
Int Agrl Corp pf SI
Int Harvester Co new . . 137
Int Mer Marino ... . 3i
Int Mer Marine pf H9?4
international Nickel . . ",7
International Paper .... l'35i
Inter Paper pf stpd.. 7834
.lexel Tea" SJ4
Jewol Tea pr 9Ja
lones Bros Tea . ... 30H
KansaB City Southern . -MK
Kelly Sprlnglleld Tire .143
Keiinccott Copper 3J4
Keystone, T & R 6H
Lackawanna Steel Co . SI
41',
7S!4
ow
an
40H
96)4
to
60
103)4
mvt
C8',4
II
3'A
118?4
49)4
70
1M)4
f.0',i
108)4
66)4
3S4
73
13
41
140)4
03
97
18)4
30.1'4
uH
0.1141
"'
lilH
SVA
C0)i
79?4
12
169
94
139
39
1!W
8M
IMli
lOflli
116
zo)4
IS
IBM
ll"z
!i
1394
6
4.9)4
6IV4
161)4
lot)4
69)4
17 54
DO
103,
M7
V2
Ml 4
9'i
2J'4
(.4
7
Wi
V2
45?4
i'ih
SO
93
93)4
fi
4
6JJ4
741,
Isli
Jl
Mi
loi)4
217
109
41
83)4
10,-.
1 614
14)4
:u
118)4
104)4
16)4
26)4
18
111
.13
I31H
47
49)4
9)4
81
1 c; 94
90U
fc-J
1M)4
80
43
CH
4-'T4
t4
Vi
93',
WHi
'4
17)4
81
133
6754
1IH
''
61 ?4
78 4
18
69V5
3H
13)4
140
34)4
68
SSJ4
Today'" Kt I
l,ow . ion ur,r.
44H '
Vi
rt
ZH
47)41- 'Vi
96V4- W
Vi" .Y i
"66
193)4
JJt'j
884 II
38 -
m4
1)4 7
WVt I
S'4
its
60)4
31)4
74 4
13
M
140)4-
110)4 16)4
97 '
9S',- 1)4 I
366)4 - 1Yl j
Dh
Salra In 1
300 .,
460 3.60
X90 12
160 7
Lee Rubber ft Tire.
Lehigh Valley
Liggett & Myera Tob
Liggett Myers Tob pf .
i.oobh wues uiscult . .
1)4:
1
V.
'4
V, I
I
HI
100 J .Lorlllard r
XAA aVl T niilBirtll,
30 ..
Tob
Hlih
33
, 49
stir.
uxu
tVi
117W
Ior04
68
w
1?4-
63H
9'J 89V4
-113
4
91
'A
?.
' I
'4!
H,
1
13H 814
40 t ',
m
104)4
167
116
M'A
18
18h-
"!4 V4
57 I 1?4
ii'A 'A
:6V4 ',
W)4-
61)4
15.1 -f
1C4V4-
60Ji
291 -
SW I
roj4 -io4
WW r
tVA t
(5 f
91 S8?44
66 1
7.1
-4 t
48
C'f,-
81
13 - i2
tih 1- i'4
II '4
900
600
ZUfW
490
46M
100
4190
700
tllOO
1600
300
300
7100
199
300
.'00
1)00
60
190
400
111(0
1500
3100
100
4900
300 2.60
19660 ..
W0 I
1300 7
3600 7
8300 5
3800 4
6
.1
1.60
10
2'.0
. 331 14
Louliville & Nashville ..19?4
Manhattan Elevated Otd. 7 Q
Maxwell Motor ,. ,,,.., 18
Maxwell Motor 2d pf., 38)4
Mexican Petroloum ....K6H
Miami Copper 24H
Mldvale Steel & Ord .... 61
Minn & st Louis new .. 18?4
Missouri Kan ft Texas,. 13)4
.uisKuun Kan & Tex pr
Missouri Paclfio
Missouri Pacific pt ,...
Montana Power .
National Acme Co ...
Nat Aniline & Chem . . .
Nat Aniline & Chem pf.
Nat Cloak & Suit
Nat Conduit Cahio
National Knam & Stamp. 80)4
"""wi .M:aa co 8354
Nat n R of Mexico 2d pf . 7)4
Nevada Con Copper .... 17)4
New Orleans Tex & Mex. 18)4
N Y Air Brake 137)4
New York Central 74M
New York Chicago 1st pf . 3
New York Dock UK
New York Dock pf . . . . J8
New York N H & Hart. 33?,
New York Ont & West.. 204
Norfolk & Western MM
Northern Paclfio , SO j.
"v, acoua a & c 83
Ohio Cities Gas fit
19)4
3114
60
6)4
31M
86)4
90
83
IS
V4
19,
1H,
1)4
IM I
34
1?4
S4
'.
I4
1(4
1H
I
'4
14
',
I
.100 i.W Ohio Fuel flunnlv . . all.
780O .60 Oklahoma Prod & RHf . 10' (.
1. Ontario Slher Mining . . 7
3 Owens Bottle Co 67)4
1 Paclflu Mull 38)4
Pan-Amor Petrol & T...1I8J4
3 Pennsylvania R R 13)4
Penn Seaboard Steel .... 44
Peoples Gas Chicago ,,,. 43
. Peoria & Eastern , 17(4
. Pero Marquctto 3l'i
Pero Marquette prior pf . M
3 Philadelphia Co !
. Plerce-Arrow Motor .... 4?4
Plerco on Corn Wi
. Pittsburgh & W Va .. . 31)4
1 Pond Creek Coal 28?4
8 Pressed Steel Car lift
. Punta Alegre Sugar .... 71
tPuntu Alecrid Sugar rts. 44
A Ray Consol Copper . ..,
n vJtanway steel Spring
b3)4 I's
74!,- ),
18(4 1'4
-M 2), I
81 Ii- V
IM !4 i
210)4 - &i
30 19
H'4-
U
103 - A '
17)4 r!
H'4 4 7e I
331 !
116)4- 1)4 1
iot)4- '
l8?4 "U 1
36)4 1(4 I
18 14 I
113 IW
3.1)4 14 1
U44- a,
47
40)4- i
2914- i4
871, 4- 014
167?4H 4
X3B 3
90(4- 34
M - K
82'4 (A
101 Mr ?,
J4 1'-,
43 - H
C8
)4 y,
4 - 1"2
(.2 i2
r4'4 '4
U!4- 4
6'4-t V4
18)4 1'4
81 (4
136(4 9s I
7?4 I V4
ll8'4 4 i4
i7 3,
61(4 2
?8'4 -!H
18
69J4- 'J
38H- (4
:o'44 u
no',- i'4
33)4 4 '4
68 f2
6)4-
100
300
.100
7600
I SOU
6)00
100
500
10.100
600
t0
9100
2600
2300
1S0O
16W
49M
339 J
300
1100
5400
13100 4
100
18200 8.70
200 ..
1.00
300 G
fl)0 0
MOO .4 ..
030
200 ..
(.Ill
200 . .
till
31609
100
MOO
2 0
100
2SI0V
1400
II 'XI
330
3109
SOO ..
800 ..
2JI10 10
79)0 r,
140A
14100 ..
300 . .
r.00 s
26900
100
100 r.
SS'K) 10
390 1
50O 10
200 ..
1300
100 3
100 7
t,M0 ..
14100 7
9100 18
4300 3
200 3.60
18700 ..
10300
76890
400
10030
100
7U0
100
1100
3100
400
too
47.10
900
610
too
1100
320U
700
8D0
:.ioq
100
noo
310"
10a
200
Republic Iron & Steol
Reading
Royal Cutch Ainer
Royal Uutch Co N Y .,
Royal Dutch N Y T ctfs
Saxon' Motor
Savage Anns Corp
Sloss-Sheflleld H & 1. .
St Louis A Snn Fran .
St Louis Houthwchtern
St Louis Southwestern pf.
Sinclair Oil & Ref .
Seaboard Air Line .
Seaboard Air Line pf
Southern Paclllc
23(4
160)4
H
r3J4
10s
104 li
10354
21
82
19)5
2?4
16(4
30)4
60(4
OV,
19)4
10.5)4
South Porto Rico Sugar 210
southern Hallway ...., 14
Southern Railway pf . r.134
Stowart Warner Speed . . ISO
Studebaker Corp II934
Stulz Motor .... .121
Stilts Motor rtK 7
Superior Steel Corp ....44(4
htroinbcrg Carburetor .. al?,
htrom Carburetor rts . . 17)4
Tcun Copper & Chem . . . t!?i
Texas Co 236
Tobucco Products IfS
To St 1. West ttfs . 12
'J'oxas &. Paclfio . ... 6154
Third Acnue ... Is
Tratisur & Williams Stl t2
Transcontinental Oil .... 68
Underwood Typewriter .180)4
I'nlon Bag & Papor . , 89
Union Pacific , , 128
United Alloy Steel 53
United Fruit Co 19J
United liy Investment pf, jl
U S Cast lion Pipe & F. !3?i
I' S Cast Ilron P & F pr W
II S Realty Ac Imp . , 43
United Retail Stores . 117)4
U S Food Corp .,f., .. 91)4
V K 1ml Alcohol 143
U S Smelling 11 & M . . 754
II S Smelting It & M pf. 60
U S Rubber 12S
U S Rubber rls 24)4
U S Steel los'i
U S Steel pf 114H
Utah. Copper 81)4
Utah Securities Corp . 14
Va-Caro Chsmlcal Si)
Va-Caro Chemical pf . 116
Wabash 1054
Wabash pt A 31
Western Pacific . . .23
WestinghouBe Air Brake. 113
Wcstlnghouso 11 & M
Western Maryland , . , ,
Western Maryland "d pf.
Western Union Tel . .
White Motor
Wheeling & l.nka Hrle..
Wheeling & Lake Eric pf
Wilson Co
Wlllyb-UerUnd ,,..,.,,
Willys Overland pf .
Wisconsin central ,
Worthington Pump . , ,
Worthhiglon Pump pf A
Worthington Pumft pt B.
isx ditldand.
66)4
13
S3J4
84
C2
1194
2S
86)4
1
91
318
18
9I?4
WA
I.BW
33
4S
3K
1M?4
MV4
3I
198
66)4
6114
a
MM
3V4
61)4
IS
W
IS
28
4SH
37
!4
90
83
16
74)4
83
714
1114
45(4
126
74
n
68V4
m
2614
XA
101
am
:y
63)4
6114
10
7
67
89
H8)i
43
42)4
43
17
20
WA
34Kj
03(4
23(4
S3
27H
13(4
68(4
114
2.1
99)4
18
HI
IM
103H
103)4
20?4
Sl?4
II
19)4
IG
30)4
6814
0?4
18)4
10J?i
Hit
247,
ri-4.
128
llM1,
117(4
0)4
3H
39W
1
1,1
Si0J4
1134
"94
-ri
is
CI
57 (.4
IMI)4
ss
12394
42H
191)4
;
125,
83
41
114)4
89 1 i
13S14
71
60
120)4
1H
lf6?4
1(4
82)4
it
K0
115
a?4
384
112
M?4
13F.
33
81
ll(4
1)4
1)4
S3
.13)4
94
.11 .
04
94 '4
WA
Today's Not
Cloie C'hgt
33-14
4 -t 114
33914- 14
1HH ?
69)4
2311
i
6)4 -W
V4 --
3S14
231)4 -H
2V4 14
63-14
18)4 14
MM
18 (4
30 114
46)4 .
66 14
31?4 H
63 1W
to
83
15
71)4
83
m
17)
48
125
14
-14
- 14
- 14
li
M
-VA
71)4 1M
63
19 3
07)4 1(4
' 63)4 1(4
20(4 (4
IO214 2
S9 P4
8934 1H
63)4
- )4
-' H
1)4
rttt
14
-1)4
I- 14
3)4
fll'4
10
7
3T
39
118),
43(4
12)4
4J
17)4
21(4
65 - 1
35
3f4 - (4
8"!4 -- 14
34)4 H 1
1VA -IH
t3)4 -114
63 -i
4(4 14
23
99)4- W
6?4- 1)4
8194 H
IS5 1
163?,-
101)4- U
0'4
SI54 134
17-1
lfi
1-
68 y, -?4
l-
"8)4
IC4H
210 3
28 -
1H
126 -
H7)4- 1)4
119 - 1U.
0)4- )4
4314
80 - A
17 - K
1S14 A
20)4- 4)4
K5 h 1)4
17a- 14
"54 (- l?4
ts
bl U
ts f 1)4
1S0Kj 1)4
88
US J(
J1)4- 1)4
113 1
24 - 1(4
2?4
m'
45
115
1814
1J (
73)4 h
60
li8 8
N14 794
118(4 1
111(4
,4
so -1
116
1 !4
jo
21 -i
113 -
'6,4 i
13
33)4 I
81 -f
lll,-
'6J4t
16'4 -
' I
3.1
91 4
ii 4
General Asphalt Yielded Some Ground Eleciric Storago and
Brill Move Up on Light Dealings
r
There was n smlilcn nntl unoKpeotcd t,e!ng landed hgh and drr on the crert
evnporatlon of speciilntlve ontniiKinsm of the lnilliuli wnve.
fa l.n lnnn1 .nAnlflltUa 1 . l.1a' ln. f m . a . a
4Heo tneori?" nro propounded mainly
in the local specialties In today mar
kct. Xotlilng In the overnight develop
mentg or morning news Recounted for
tho pronounced subeilng of the tradlug.
It mbb learned, however, that some of
the more conservative homes were dis
couraging further reckless trading in
some of these shares, considering the.
movement had 1 cached a juncture
wherein discrimination nnd extreme,
caution vas imperative.
The slackening may only prove u
temporary side-tracking of bullMi cam
paign, yet there was convincing evi
dence .of much freer supply of stork.
This condition wnH strikingly notice
able in the Oenernl Asphalt shares. TheJ
common on relatively small rtcutliigs
falling hack to i.!3, or . under jes
terdav's top record price. The pre
fcrrcil on even still lesx offerings leldcd
uiide. 'he 200 mark to 1(18, or SlO.r.O
below tho hlgU-water mark of jester
day. In the last hour the price ic
bounded to 20.1.
This freer supply i suggestion of one
or two conditions. First n familiar
coupe of pool and cllniiemanageiH to en
courage a freh following, secondly.
Hint the cmbarasHinent of the rumored
short interest lias been relieved. If the
latter should be the real caune for the
Hlow'ing down of the trading tho imme
diate movements of the stocks will be
of great interest, and'shoiild be wulchod
with the greatest care by all interested,
ns there is every likelihood of some, ono
because in the opinion of closo obnervf r
the movement in the stork is entirely
ludependrnt nf the affairs of the com
papy. It is truo tho gfncral'posltlori of
the company was never stronger In Its
history. Its financial position has ne,ver
beeu equaled. Is huslncss at present
and prospective is extremely large.' It)
brief, in every way Its affairs nrr ex
tremely favorable. Nevertheless the
sensatioual oampnlxn in the stocks had
no connection for some time with the
company's position or condition.
Diminishing activity was also ap
parent in IHectric Storage Ilattery, but
the price was better sustained, holding
tho most of the day about $1 above yes
terday's final ale. There, was a brief
spurt In J. S. llrlll at the start, lifting
the price $l.fl0 to f!2V. The movement,
however, was short-lived.
The Lake Superior Corporation an
nual meeting failed to disclose an.vi
thing particularly enlightening concern
Ing that company's affairs than that al
leady known. Tho settlement plan with
the railway subsidiary bondholders was,
passed over to a special meeting to be.
called later. Idttlo interest, however,
was manifested in the stock until after
the meeting, then price yielded SI to
lflVj.
In tho other local stocks dealings conn
tinned of the same diminutive propor
tions, w-itb only slight fractional
changes in prices either way,
. J
1)4
'A
3)4
14
194
1)4
Ha
Vt
V,
3)4
ICJ4 0)
DIJ4H
WA
Philadelphia Stocks
Set
St L f- S F 6s aer B
41000 71
1000 71
2000 71
St L S It R 1st
1000 OS
4000. eojj
Seabrd Air Line fd
4000 5015
1000 Mil
Seabrd A L adj 6s
3000 17? 1
3000 47',
3000 SO
2000. . . 47
4000 47!i
Srn & Nrn Ala 6a
6000 00),
So Paclfio fd
5000 7SJ-.I
1000-. 78H
Va-Car Ch Co 1st
3000... . 03',
Va-Car Chem 5s
1000 h
Wabasli 1st
2000 ... 01
W N Y & PRR 1st
1000 02a
Western Pacific 1st
1000 (i2h
West Union 4Vi
6000 M
Wilkes-B & M R R
10 0. . 0JI4
viiMn s Co cit
s.i Am Htis.
till Am tiiiN.
115 Am Mill.
20 '.It K ().
::o 11 S. S t
pref. .
12.-. l!i ill .1 ;
100 t( (I V
II tali
liah
nil
00
10
r.o
tl2'j
ll'i
1W
3(1
.10
40
r.o
2
?l'4
hse
i'.
rinbQ
:io
.-.0 1
40 78
r.o 'a
II2Vj 1'j
11U-1 .
JOOtCC Sue 431K. -Wy, -""4-r-
;..... ,. ,oi. mis iin:i'.
i.42 r.l Stor.H8Vi no?, noji
V.
1H2V4 1:1211 Vi
ins 20.1 0
1000
6000..
5000 . .
1000..
1000..
1000..
1000..
2000..
1000..
AOO0..
Wllbon & Co 1st
1000...... wh
07
07
1)7
07
065,
07
07
07.'f
07JJ
071,
TODAY'S HANOK IN UtlKRTY I10SD1
Sale lAltrtu Btnit In l.t Slash Kx
chanoe earn lnlr,jl to dale of 10 If. TS
ellr recede that (ntereit. In atfdlttoi to
ls lalt price 0 tho ioni.
1 13
Hlsa Low p m
Wbert lid iHjs. .100,08 100.00 100.04
Liberty lid 1st 4. 0.1.20 05.20 113,20
Liberty IM :M 4s. 04,24 04.00 04,00
Liberty lid 1st 4Us 05.08 05.44 05.00
Liberty d M 4V4s 04,00 04.12 04.1S
Liberty nd 3d 4Vs 00.20 00.10 00.18
Liberty IM 4th 4Us 04.28 04.10 04.20
Victory Note H s 00.00 00,00 00,00
Victory Not 4is 00.04 TO.PO 00.02
11)02 (Jen ABp.130
141f dn nicf.20r1
10.". I C N A 30 .10
1 150 Lk S Cor 20Vj 1's
W) Leh Nnv OTVj
3.-)0 Leh Val. 48 ii
12(1 Pa It It. 434 W
20 Pn Suit. 8()Vj SOVi
KlM'lula Co
( urn pf . :i4;)j .4S4
S77 Phil Klec Wis 25 Vj
INS P It, T tc 2flVs 0
22()tUeadlug. K3yi 82s
310 Ton ilel. aft ''s
.'IOO Ton Min. .1 , 8
.".(I I ii Tract 37 MV
(104 1 nl! Im. 04 OJIVi 4 ''
mm- s sti.ios 10(115 wovi :u
100 War I &H 8 8'i 84
3 West C. 75 75 to ..
:;o
iai a4
07 ..
IS 's
43'. Vi
80 l
34--!4 i.
25r;d
20.. jh
838ltj
:Hs..
;i ..
:i7!i s
tale
t i rharg made b comparleon with last
le n Ne Vork Block Kichange
bonds
lltKh A"
Net
chs.
00 Vi Olli-j
101
galea In
stnoo
2Cit 1.
ll).1ri
3 Leh V Coal
ann 0s,..10l
GI'4lsR?.4,.h 04.20 04.18 04.2O-.30
20 Vie ls.. 1)0.02 00.00 .00,00 04
Jli l'liila Elec
iKt r.s.... o:i vi 0314
U'hita II & ,
W 4s ... 07U 074
1 Head gen 4s 81 '4. 81 Vi
Clou
00 Va.
101
1W4 Vi
7Vt.
,t Vi- Vi
GOVERNMENT BONDS
Panama couoon
1'r.nama reglitered
Pimmi prtunnn "
Panama rrditerrd Xa, 1038
1MB..
, ioau
s,
Pinirn, CAUnon Sk. 10 11.
Pinama rnrutered 3, 101.
I'MMpplnii 4,. 1034..,. ....
IhlilPPlna 4. 10SS.. . v
Philippine 4,. loan ...
U, a. Govt, coupon it. IOOi.
U. S. Oovu rearlitared 2o. 1BS0
U, H. Oov. coupon 4. .104.!
T film. a.ul ..! Jai 111"!
pie t C9lumlils ?-u?f. J
llkl
U0 1,
00 44
nov.
118 'J
so
so
8J
3.
ion
100
Aak
fll
ai
a
vs
P
innii
inau io t
10:5 mfl'i 10S!i
MONEY-LENDINQ RATES.
NEW YOHK Jloney on call, both
mixed collateral nnd nil industrial col
lateral, opened tpday at 0 per. cent for
lendiiiK nnd renewiuir.
Leadine bankers express the opinion
this mornliiKtthot the peak of the money
flurrj had passed nnd that theie is not
likely to be any unvettlement, 'alio
stock market is beniR carried on hj'
large ojierators lio aie able to finance
themselves.
Time funds continue lo be available
nt 0 per ent. The inquirj is chiefly fov
tho longer periods, four to six months.
Money is more freelj offered at 0 per
cent up to ninety dnn, on industrials.
Prime bank acceptances nro ratljer
quirt at unchanged ralei, and call loaus,
on that business, stand at iVj per cent.
Theie is a Jlttlo more prime mercan
tile paper in the market and some busi
'ness is being done as low ns 5 per
cent. The uverage is 5t per cebt, with
home paper less stricth gilt-edged go
ing at Oij per cent
I'HIUUIELPHIA Call. r.'4(ii0 per
cent; time, 59iii"0 per cent; commcr-J
clal paper, threo to six months, 511
591 per cent, nnd six months, 0 per
cent. .
LONDON Money is quitted at 3Vi
per cent. Discount rates, khort bills,
,'1 T-lflfflSKj per cent; thiee-month
bills, 3 0-l(lti3 per cent.
FOREIGN EXCHANGE
Naw Yorlt, Oct. 1. There were,
rather conflicting quotations at the
opening in foreign exchange this morn
ing, differences in sterling amounting
to Vic and being larger in other clauses.
Hterling was quoted jrom 4,18
Reserve Bank' Discount Rates
Official discount rates at the twelve
'' Jirautyn uuuna cre as loiious;
t nc nrsi column gives rales for all
periods up to and including a fifteen,
day maturity, the second for a period of
sixteen to ninety dajs. Thn third nnd
fourth columuH give the rates for dis
counts of collateral loans secured by
government bonds or uotcg.) '
um I eawr (ioi.'i ,,.
,, , Ultoi"
In days davtt
VA
4.18V4. with cables 4.10 to 4,18
tm
to
1)7
Other quotations were. :
I'ranc rabies fl.58. checks 8.00; lira
cables 0.75, checks 0.77 1 Rwiss cables
5,04. checks 5.00; guilder cables ,1T,
checks 87 V4l pesetas cables 10.10,
cheek B 10: Rtnckholm cables 24,50,
checks 24.35: Chrlstiania cables 23-15,
checks 23; Copenhagen cables 21,05,
checks 21.50 1 Delgian' cables 8.50,
chechs' 8.52; riarks 4,45 j Austrlio
kroner 1.70, nominal.
In the afternoon the market was
firmer, demand sterling rising to 4,18a.
and cables to 4.101a franc cables to
8.55 and checks 8.57. Lira rabies were
0.78 for cables nd for check 0,80.
Marks wre lower t 1, t
Iloston
New York
Philadelphia
Hlchmond .
Cleveland ,
Atlanta ,.,
l-hlraso . . .
St, Loula
Minneapolis .
Kaneas Clt!"
Patios . .
Kan Francisco
I uaper
la tn on
13 days Uasn
1!
4'4
,::.-J8
4
4'i
s
4'i OS 4
a 4
4
4
4 "
I'4
4
4
4
4
i'i
1
4!l
ii
in
II
BANK CLEARINGS
Hank tlenrlna tpdaj compared with tur
reapondinn ds.ylast two eart !
iai tntS mi?
Phlia .js'.sin.tr.a sfl,4s,nss t7J,r,iu,4i4
N. Y . 1.0S4.fllll.r.l1
jioston i,i.,T(H.4s'. i7,iiq,nn(i 4;.rir,riS;
fit, Unit iOifiOl.OSU i'flilSs'.S,'.'
n,if,vin,iii in,,7Tft.Mfi
.T Q,tr (,!,., 1. ..'.. 1
LONDON STOCK MARKET
Changes In Securities Narrow,!
Home Rallo Improved Oils Flabby
London, Oct 1, Whilo changes in
securities on the stock exchange erq
narrow, tho markets generally M,re
steady. Home rails improved. Grand
Trunks were dull. Oils were flabby,
Shell Transport wns quotod at 8,
Irregularity was noted In iudiutrjuls.
The gilt-edged aectlon was hard, French
loans were weaker.
We OfTcr,
$25,000
Catawissa R.R. 1st 4s
TAX FltHK
Welsh Brothers
888 CllE8T7VOTgTlBET
..;,.,. I'kHalahl
M '
jtti i jtti till ii riiiurii!iiiijiitii ti Wi)
Wsi kH'' 1 ItlaBBBBIaaKielaBBlMaBBlBiam.
We Believe These Securities Reliable
The stvcyn-ritniTSLCURirifcs lttc4 ill our October
1 Offering Sheet have been carefully gathered from
among the world's best government, municipal, public
utility, railroad, industrial and icalty investment offerings.
To the pioperty values, earnings, and sound financial
iccords back of each of these securities is added the
recommendation of The National City Company,
Kach issue on this list lias been thoroughly investigated
by experts. We arc glad to be able to bring this list to
the nation-u idc attention of conservative investors who
realise the impoitancc of looking carefully after the
placing of their funds. The list includes;
lb6l)CS Yielding about
13 United Statei Government, Federal Land
Bank and War Finance. Corp. Bonds . . . 2.00 to 4,75
25 State and Municipal Bondi 4.20 to 4.00
5 Foreign Government Bonds 5. SO to 7.25
15 Short Term Railroad, Public Utility and
Induitrial ijonda ,. . . . 6,25 to 7.30
8 Railroad and Induitrial Bonds 5.45 to 7.65
9 Public Utility Bonds 5,67 to 6,75
1 Realty Itiue 5.50
2 Preferred Slocki 5.95 te 7.00
11 o ticsc (jsuca ate suerlilcalltf described or luird in our
Otlobci Offering hlicit ei fitch lull he icnl oil reotiMt tor PB-SiS
The National City Company
Main Office: National City Bink Bid;., N. V
Cotteipondtiit ofbcei
n more thin 50 cities
united by more than
10,000 miles of
private telephone and
telegraph wiice
Philadelphia 1421 Chestnut Street
.VlUnlli. CllytJh4lfiiu(u llloik, 11SLT, H'ctwMl
Bourn Shert Term AVuVj PreftrrtJ Stftb
$3,000 Now
Will Provide
$10,580.70
In 1939
if invested in a way which will
provide 62 return, com
pounded annually. It is not at
all difficult in the present market
lo select good mortgage bonds
yielding 62, maturing in
about twenty years.
Send for our Letter No. 7339,
which describes sound, high
yield, long-term bonds.
Bonbright & Company
MOIUtIS WISTAR STROUD, Jr., Monuger
137 Chestnut SI. "" . Philadelphia
New York Boston Chicago Detroit
NEW LOAN
$65,000
BOROUGH OF MT. CARMEL
Northumberland County, Pennsylvania
5
TAX. EXEMPT
FUNDING BONDS
Qated October I, 19 IP
$J,000.. , .October 'I, 1929
5.UUU,,, ,uctober I, iviu
5,000,,., ..Octpber I. Ill
1,000 October I, 1932
5.000 October I, 1913
5,000...... October I. 1933
al,00..
Maturing-
Denomination fl,000
$3,000,
3.UUU,.
,ooo..
3,000..
5,000,.
5.000..
October I, 1949
..October I, 191?
.October I, 1919
, .October I. 1941
..October I, 1943
..October I, 1943
.October, , 947
PRICE AND DESCRIPTIVE CincU LAH UPON APPLICATION
MULUN, BRIGGS & CO.,
stock UEAhaiic Mwidtnr s
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