mjb& : :-ij r.e-jSL. a .-rf ., my ?th!SMHBBPB& 7 r - f-sMm M wv:wi
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"-"" " -,.-
i i liiti i sun sh Ifiii mill i iiiiIimmihiihi urn ! 11 N i n i mi i i n i ill ' i var Wnnkwr
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20
EVENING PUBLIC lyEDGEEr-PHIIADELPHIA', MONDAY, OCTOBER 3, 1921
HHMHHiLHkLLE'ikLLLLLLLHHH wsr ' "f iiif,ffimrf iTiaTr ilrjrffSfTrTfcrff fTLLLLLLLLLLW
r -""vtwm- '"rrww -TTWiw". ''.'iiM
-' '.... :3
L
Our
October List
of investment sug
gestions contains 150
issues of high-grade
bends carefully select
ed te meet the indi
vidual requirements of
conservative investors
and institutions
..Yielding 4.55
te ever 8.00
Ask for Circular F-U
Harris, Ferbes & Ge
Pine St., Cor. William
NEW YORK
PHILADELPHIA OFFICE;
WIDENER BUILDING
Telephone Spruce 7040
1 FAVORITE STOCKS
SHOW FEW CHANGES
General Narrowing in Range of
Fluctuations Lew-Pricod
Oils Active
p
Spruce 8200
Particularly
LIBERTY BONDS
VICTORY NOTES
TREASURY CERTIFICATES
WE ate able te give
an immediate net
price en any amount.
BOUCHT-SOLD-QUOTED
SECURITIES DEPARTMENT
Commercial Trust
Company
Ucmlxr Federal Reterra'STattm
City Hall SqeareWeat
te 11
mil nil
I (
T
Muman
'PI mi
PROVINCE OF
ONTARIO
6 Geld Bends
Due September 15, 1943
Net callable before maturity
Price, 99 and Interest
BiOREN&CO.
410 Chestnut Street
totebllnhed 1X05
Plillndrlnhl.i
Members of Yctc l'rrfr and
Philadelphia Sfer-fc Exchange
wpiraiw!
New Yerk. Oct. .1. 1.tiines en tlu
Meck ctchnnpe showed n mnrkwl fall
Inp off tntlny. There nlse was a Ren
trnl ntirrevvlnjc of the range of fluctu
ations, the tradinR dincleMnK little net
clinnse In the lcndlnK issues at the end
of the day. The petroleum stocks were
.!f,.tie iiAivnvKr. these Issues beinc In-
I fluenced by Inerenses in the price of
.rude oil In various Ileitis. The low-
.priced issues In this (Troup were the
! meet nctlve.
Renewed buying of nils, metnN nnd
cealers lnfusHil ft measure, of strength
int.. the market at the opening of the
session. Mexican Petroleum, General
Asphalt, Keynl Dutch nml such do
mestic issues as Standard Oil of New
.Tci-sey and Invincible nnd junior oils
innde large fractional Rains.
Twe announcements of advances were
mode this morning carrying North
lexns Oil tip te Sl.ne a barrel, ngjlnst
the reecntlv prevailing price of $1 n
barrel. Invincible nas the strongest
of the Ien -priced Issues, moving up -"i.
Hnval Hilten wns in nctive tie
ii ml' mined -"Vi . te 47i. and
.cticnil Asphalt innved up -j. te MU.
Vns 1'iuitic Coel mid Oil gained 'V
1 I'tnli and Clnne Coppers Heading.
I ehigh Ynllev. Baltimore nnd Ohie and
l'irtsburgh and West Virginia registered
advances early and rubber nnd chemical
pi' ialtlcF also Improved I'teh Copper
vttu the strongest f the copper group,
making n gain of --i. te ."It. Anaconda
opened up i. te JI1-... but Inter re
in ted te 41. The li-t became somewhat
unsettled within the tirst half hour,
however. American Sugar showing
spe. Inl pressure, at a Ic-s of 2'; points
ru a new low record.
There was nrtlve trading in several
industrial groups, the domestic oil pro
ducers attracting most attention because
..f further advance in the price of crude
ml The Testis district issues were
prominent all through the first half of
i In- day There was heavy trading in
Tcmis Company, two houses handling
shoe shares. The stock advanced te
.'t7- Met lean Petroleum early wns in
supply, yielding mere than 1 point, te
!!. hut later moved up te 1004.
The steel industrials were in Mip
t ly United States Steel common de
i-ii tied r,s. te 70r'K, and Baldwin Loco Leco Loce
i nitlvp .Melded mere than 1 point, te
The break in American Sugar ex
, tended te the preferred stock, as well as
I'uti.'t Cane preferred, Cern Products,
' feed Product nnd Industrial Alcohol,
these issues losing 1 te 2, points. A
decline of l'i points in Kennecett
caused moderate Irregularity among
coppers nnd Huldwin and I'lerce-Arrew
were lower.
, Strength marked the dealings in
Pressed Steel Car. Harvester, People's
as, American Woolen, t'nlen Ilagnnd
Wells Farge. Heading first preferred
and North Pacific moved forward with
ether rails.
I Miner domestic oils made further
' cams larer and equipments nnd to te
, bacces were firmer, recurrent weakness
developing, however, among sugars. The
i closing was irregular. Liberty arid
Victory llends held steady, but foreign
war issues, especially I'reni Ii and Bel
gian, were heavy.
KiMiiiiiiiiiffliiiiiiiaraaiiiTiiiiiiiiijjiiiiiiiiiiiiiiTiii'siiiHiiii
- - 1
Tgs5ag-ss-ss, i
WgfflfpplTGT
We Own and Offer
Well-secureil IrrUitnal first
s mertnage benis hr-irme
elffht per cent Interest,
Penna. State ' - and
normal Federal Income tax
free, at a pn e t yiU
ever S'"
Wi6inir Blde, Philadelphia
hftmim PbtfaeWakla and
Ntw Yerk Stock jnutt '
Nrw yek tunnm. nj.
tmmm
GRAIN
These Inter -M-a i (. , n f ji ires
should read ,r t . , . ' n The
Chicago Heard of Trul.i und Its
Operations. '
Copy Jrcc en request
Boureau & Evans
. I'lillii. Stenk KirhnniEn
MeinlMrn c lilmtfn Ilniinl nf Trndn
130 Seuth 15th Street
Philadelphia
Locust SIS! Unci! 1781
Direct Private Wlrtt te
Thornten & McKinnon
HENDERSON & LOEB
Members New Yerk and
Philadelphia Stock Exchange
1410 Chestnut St.
NEW YORK STOCK EXCHANGE TRANSACTIONS
Ohie Power 7s, 1951
Yerk Railway fis, 19U7
Atlantic City Elec. fis, 1938
Guthrie Lt. & Vim. 5s, 1925
American I'ew. & Lt. 6s, 201C
BAUER , STARR & CO.
Land Til In HiillUInK, I'lilladrlulilii
New Yerk tllllie. 'i Hrtter MrK-t
Direct Private Telephone bet. Offlrns
RAILS DOM I y ATE
THE LOCAL MARKET
Lehigh Valley Continues te
Climb Penna. Gains Few
Important Changes
'1 here wns - firm tone te the trading
en the local Stock Kxchange today, de
sure the fact that the market wasi slew
in getting started. The railroad group
furnished the bulk of the session's trad
ing, the two conspicuous members of
t'n group. I.Miigh Valley nnd Penn
sxUanin. moving in opposite directions.
There wns heavv liquidation of the
shares of the Pennsylvania Railroad
from the opening of business, the price
ranging between ,'i7',s nnd 37.
I.ehigh Valley continued te climb, al
though transactions in this Issue were
en a smnller scale The price fluctuated
between .1ft7s nnd ", showing a gain
of . The plan for the segregation of
tnis company's coal properties, which Is
suppled te be the cause of the strength
if this stock, is expected te be filed
with the courts some time the, early
pnrtef this month.
While the general list was bread.
I there were few important changes,
American Oaa cained 2 points, but Ien
I art of tU advance. General Asphalt
'was up U4. and the 1'nited Companies
i nf New Jersey, n an odd-let, sale.
mined up a point', keystone Telephone
.is .,ff '. and Tonenah Minlnsr naeaed
-C, N'ntwitl standing n geed ennuiil
I'put Pennsylvania Salt lest l'i tc
:ip,.
These in the Street who are In n po
sition te peik with some degree of as
I s.urnr.ei are of the belief that n period
I of relatively cheap money is nt hand.
I I lie position of the Federal Reserve syu
I tern ahews conclusively that the, tic-
' nmnds of the crop-moving season hav
been met by the banks throughout the
country without disturbing conditions
te an great extent and that the. release
of tlm se-called frozen credits hns
I reught about a restoration of cenfi-
, deni'i- which hns 'eecn sadly needed in
business With borrowers for stork
rjrehangn purpesen niIe te cover their
needs at T te 15 per csnt and commercial
Iiaper en a ')Yi per cent basis, bnnkerw
seem te feel that the :eried of credit
strain has passed.
There are thew, however, who nre
iss optimistic nnd Incline te the be
lief Uia' t''e present impetus in the
menev market n what might be ex
rrted at this season of the yenr, nnd
flint with the next swing of the pendu
lum enditKns will p'Vi rt te these ob
taining during the early part of ihe
war. The fact that steady progress is
leing made toward a stronger reserve
r-osilien hy the Federal HeFerve Hanks,
as borrowing by member banks increases'
and geld holdings increase, would, how
ever, bceni te offset the pessimism of the
latter clnsn.
Liberty Issues dominated the bend
rectien of tbe exchange, but without
material change In prices.
S.i Iks
700
100
1300
100
2000
lien
400
700
400
09
300
PUO
100
tee
tee
800
200
100
100
100
1800
700
tee
400
200
11600
300
2400
& 100
200
400
12S00
S00
1H00
2100
700
.ten
400
7.100
100
700
330
isen
loe
400
4100
400
7011
; leoe
7S0O
1100
joe
tee
700
700
.7000
1000
lene
200
100
3.100
400
IfiOO
310
300
noe
100
1400
200
4110
T200
flOO
100
1700
noe
1300
100
2000
3400
00
700
100
3000
0300
100
100
1400
200
100
2700
100
4000
1100
son
1C0
8700
4300
700
100
200
31
100
1100
2800
200
(son
600
200
100
fOOO
200
1.100
soeo
300
200
700
100
2600
400
100
200
200
100
2,100
000
tee
200
1300
2000
400
100
200
2200
100
400
300
2100
1100
0400
2000
1700
1100
300
400
3700
Dlv.
ln HUh
.. Adams Express 80 J4
Advance Humely pf... 36 ii
.. AJax llubber 24H
.. Alaska Geld Mines .. H
.. Alaska Juneau O M.. Ii
4 Allied Chem ft Dve... 4J4
7 Allied Chein ft Dyn pf. 8irj
4 Allls-Chalmers 34
. . Am Agrle Chem 3V4
.. Am Beet Sugar 27'j
.. Am Besch Magneto.. 37
Am Can 7J8
7 Am Can pf 0114
12 Am Car & Fdy 12
.. Am Cotten Oil It4
. . Am Cotten Oil pf. . . . 44!i
. . Am Prug Syn H
Am Express 125
8 Am Ice 00H
8 Am Ice pf , 65 J4
.. Am Internnt Cerp.... 34J4
.. Am Linseed 2,1
7 Am Linseed pf 48 !4
t Am Locomotive si
4 Am Radiator 72 '
.. Am Safety Razor 4M
.. Am Ship & Cem H
Am Smelt ityt
7 Am Smelt Sec A 70
7 Am Smelt pf 7
3 Am Steel Foundries.. 35
.. Am Sugar Ref 5JH
7 Am Sugar Ref pf 81
7 Am Sumatra 41
0 Am Tel & Tel 108
12 Am Tobacco 175ft
12 Am Tobacco B 123
0 Am Tobacco nf new . 81
7 Am Woolen
Am Waterworks
e Am Wnterwks 6 pf
. . Am Zinc Lead ft Smlt
. . Anaconda. Copper
. . Assets Realization
0 Atch Tep ft Santa Fe
.. Atl C.ulf & W I S S. ..
. . Atl Gulf & W I S S Df 21 Vt
.. Atlantic Fruit 2
. . Atlantic Pet 17Va
7 Baldwin Locomotive ss
7 Baldwin Loce pf 97',i
. Baltimore & Ohie. ... 38?4
.. Bamsdale Class B. .. 19f
. Batepllas Mining .... ?4
5 Bethlehem Steel 44
S Bethlehem steel B . 8H
Hrklvn Rapid Transit 8
" 71
e5
76 H
0
1314
10ii
41 14
l'i
80 K
28H
in Burns Bres
..t s
Butte Copper ft Zinc
. Butte ft Superior Cep
Cadde Central O ft R.
a California Packing
California Petroleum .
2 Cnl Zinc ft Lend . .
10 Canadian Pacific . .
. . central Leather . .
. Central Leather nf.
.. ("erro-de-Pnsee 3fl'4
fl Chandler Meters . . . , 43
.. Chesapeake & Ohie . 5HU
.. Chi ft rj III Kq T ctfs 2",
.. chl ft nr West pf .
.. Chl Mil ft St P . ...
. . Chl Mil & St P pf
fi thl ft Northwestern
. . Chl R I ft Pnc
6 Chl R 1 ft Pac C". pr
.. Chlle Copper 12H
. . Chlne Copper 20'i
.. Cluett Peabody 40
. . Coca-Cela ..... .30
. Colerado Fuel & Iren 25
8 Celum Gas ft Elec. .
. . "e!um Graphophene
. . Cel (Jraphophene pf
.. Consolidated Lis Ins.
. . Consolidated Textiles
.. Continental Can ....
.. Continental Cnndv.
ft Cern Products Ref
4H
I4t
12H
66 14
. 401',
. 4',
.114
2B'
04
17
24 ?i
40 4
70
34 14,
08
01 Vt
8'4
IS
18
45
H
78i
Cern Products Ref pf . 107
l.sn Cosden ft Ce 28 H
4 Crucible Steel 64
.. Cuban Am Sugar. ... 134
.. Cuba Am Sugar pf . .70
. . Cuban Cnne Sugar. . . 6?4
. Cuban Cane Sugar pf 10
4 Davisen Chemical . . 40H
0 Delaware ft Hudsen. . 103',
fl Dela Lack ft West .108!$
a r.etreit Edisen 92
1 Deme Mlnee IV
n Endlcott-Jehnson .... 65
3 Famous Playera L ... 45'4
4 Federal Mln ft Smlt pf 23Vi
.. Flsk Rubber 12 Ki
.. Freeport Texas 14 H
Gasten Wms ft Wig . H
2 Gen Am Tank Car . .414
. General Asphalt .. . 5514
8 General Asphalt pf . . 80
8 General Electrle 125
1 General Meters 104
.. Goedrich B F 32
7 Goedrich B F pf 75 '4
. . Granby Consel M ft M 20 14
. Gray Davis 1314
7 Great Northern pf.... 75J.4
4 Great North Ore ctfs. 2S'2
. . Oreen Bay & West . 60
.. Greene Cananea Cep 2174
,. Guantnname Sugar '''i
. . Hemestake Mining ... 87
.. Housten Oil 58
1 Hupp Motorcar 114
7 Illinois Central 07
.(If) Indian Refining 7?
60 Indlahema Refining .. 3J1
.. Inspiration Cen Cep.. 30)4
.. Interb Cen Cerp 1 li
.. Interbore Cens pf . . . 8)4
Internat Agrlcul .... 8
; Int Harvester new . . 795
7 Int Harv new pf 102
6 Int Mer Marine pf . 4K
. Internat Motertruck . 3014
.. International Nickel.. 14)4
.. International Paper .. 40J4
.. Invincible Oil Cerp... 1214
.. Island Oil I't
,. Jewel Tea .......... 10 74
.. Jewel Tea pf 42i
.. Jones Bres Tea 22
.. Kansas City Southern 28
1 Kelly-Springfield Tire. 44H
80
3614
23 H
14
14
4614
8914
3$ 4
35
27
37
3714
81 '4
179
194
44
w
125
604
6514
3314
23
48 ',4
90 Vl
69
4!4
0W
39
70
75 !4
25
564
81
4014
107 J4
124J4
12714
91
'751-i
13
lt'5
40H
IV4
804
27 Vl
21 '4
2
16
87
97
3M4
19H
Hi
54
654
714
10754
44
14H
11
57,
384
414
113!4
28T4
65
28H
424
50
7 4
164
25M
3S4
33
68
17
75M
40
30
25
60M
434
10
'
1 7'
'4.1
H
78 Vt
107
27 !4
63tj
121j
70
54
131j
40
103V4
10814
02
IS
64 Ji
54
23
12'.
13W
M
414
53 K
88 '1
124 4
10
32
75
20
13'4
74',
28
60
27 4
.17
57
11
97
74
3
3514
H
5:4
8
77',
107
47?i
30
14
49
10J4
2
1014
41 54
214
35 54
43 '4
Today Net
Clew Che.
50 - i
3654- 1H
34
Y
54
46M 4
89s,- 4
84 K
35 - Ji
2754 .
87 - H4
27J4 54
81' H
129
19511 14
84-54
5K4- H
135 4- 114
604 4- 54
6554 4- J4
33H 4- 9i
33
4854 4- X
9054 54
1 70 1,
4X4- ii
64 ..
39 - H
70 4- 4
76 4- 3
25
674- 24
81 - 454
4154- J4
107J4- 54
125J4 4- 154
123 4- 1
91
75J, 4- '
6 5
13'4- 54
10 54
40 .4- 54
l'4
se 14 - H
274-
21 '4- IK
2 4- 54
17 i 54
87 4 - 54
97 4- 1
384 4- J4
19M
U 4- '
54 4-14
55 Ji- 54
7Ji 4- '
108 'S
44
134- i
1254 4- Wt
654- 1!4
304 4- 54
4 54
11354- U
39 - 54
65-34
284 - 14
43 - '
56 - 54
254 4- '4
164- H
353, 51
40 - 4
69 54- 34
34
68 14
1254- V
26
40 II4
36 E3
25 4- 54
004 4- 4
5 4- H
19 4- 34
Ji
1714 4- 54
45 4- 1
H- 54
7854- J4
107 4- '
27 Ji 4- 34
64
1254- 2
70-2
5Ji- 1
134- 2Ji
40-54
103'4 4- 2
10854- V
87 - 4
IB
64 Ji i ',
85 ' 4 54
23 4- 54
1254- a
H 4 K
ii - 54
414- 14
84 54 4- Ji
80 4- 1
125 4- Vi
10 - 14
32 - Ji
75 4-
20 - 54
13'- 54
74 Ji- !',
2854 4- 54
60
374 4- 4
1',4- i
57 - 54
57J4 ..
"H4- 54
07 - 1
7M- 54
354
35 Ji- !',
1J4
854 4- U
8 4- 54
BatfS
1800
400
100
400
300
11000
300
800
100
100
100
800
600
100
100
800
100
300
23M0
1500
Dlv.
In t
ltlRh
Kennecett Copper .... 23 4
Keystone T & II H
6 Kresge S S i"
,. Lnckawanna Steel ... 41J4
3 Lee Rubber Tire 36H
S.BO Lehigh Valley 39 J4
7 Liggett ft Myers pf. ..161J4
.. Leewo Ce 13J4
1 Left Candy OH
13 Lerlllard Tobacco ,...147'i
7 Loulsvllle ft NnshvlllelOOJ,
. . Manatl Sugar 26
7 Manhattan Kiev guar. 41J4
. . Market St Rwy 4
.. Market St Rwy pr pf. 3354
.. Marlln Oil 31
2 Martin Perry 14
8 May Dept Stores 8354
12 Mexican Petroleum . .101J4
3 Miami Copper 2254
7034 4- 234
102 4-
48J4 4-
30
14J4-4954-1254
4
254 4
10J4 4
4154 4
22 4-2554-434-
54
14
'
'A
254
54
94
3
34
'4
'
1900
700
800
100
4C0
100
800
800
100
1600
UO
2000
200
100
1000
3600
2300
1700
200
100
10100
35
ion
700
100
7000
3400
760
100
3550
2500
1400
1200
200
3700
4000
4500
11300
200
100
600
100
600
700
1400
tee
3600
300
1700
4900
300
200
100
200
200
6300
300
100
200
100
100
1100
3C00
4000
19800
100
2800
500
10
tee
400
700
400
600
4700
400
2800
300
34S00
200
13500
3100
18300
200
6000
900
100
2000
'
Mldvale Steel 20'
Minn St Leuis 954
Me Kan ft Texas pf , . 24
Missouri Pacific 30
31100 l.oe Middle States Cerp.
300
600
100
600
Me Pacific pf 41'4
. . Montgomery Ward ... 184
. . National Acme 144
7 Nat Cleak ft Suit pf.. 48J,
fl Nat Ennm ft S 39
4 Natlennl Lead 76
Nat R R of Mex 2d pf 4Ji
Nev Cen Copper 131
N O Tex ft Mex
5 New Yerk Central...
. New Yerk C ft St L. .
. New Yerk N H ft II.
1 New Yerk Ont ft W.
Norfolk ft Southern..
Norfolk ft Western . .
North American ctfs.
North Am ctfs pf. . .
Northern Pacific 77 54
Neva Scotia S ft C. . . . 25
Nunnlly Ce 12 Ji
Okla Pred ft Ref 234
Otis Elevator 92
New Yerk Curb '
1:110 (
Ixw P. M.
ae'i ae4 pas .
44 . I
14 " IlV
4 Glen Alden Ceal 40 40 40 k VM TTT TTl m
1.4 tjcomeblle Bl BO.. 61. Gfl lJWU J44- Hr IB u
k jt ' lsi H Wl I
i u a m m mm m m&
i u u 'M&mMmwtehjii mm
wa-mJMtiZTmrW mm
!4 Ansle-Amer Oil 1?., 1 1J MM JJ7lfl'yr"M'f 1 VTyzTZf.T JE , Mfflfii
54 Atlamle Jxbes 7 ..7W ..74 "'IrW "" -l jaa ttf&MUJ
we ivn ft b m
78 73 '4 -H
7254 7254 - ii.,,
B2., Bfl.,
Bsl 0U
78 78 lVal Philnrlp.lrth.ia. Oflir.fl
y, 128 123 ,
!i 1454 14U
H 4SV 4 0U I
en e?t i
BO 30
14. 1-.
BW 8U
s
1254
87
52
7354
55
144
23 J4
0
90J4
41
30
Owens Bottling
Pnclfic Gas ft Elec.
Pacific Mall
Pacific Oil
Pan-Amer Petrel
28'i
58 51
9
38 54
474
6 Pan-Amer B 4354
. . Parish ft Bingham, . ., 13
2 Pennsylvania R R.... 3754
, . Penn Scnbeard Steel., 10 34
. . Peeples Gas Chicago. 52
. . I'erc Mnrquctte 30 54
3 Philadelphia Ce 3054
. . Phillips Pet 2.134
. . Pierce-Arrew Moter.. 1134
. . Plercc-Arrew Met pf. . 24 54
Pierce Oil 74
60
87
27 54
14 54
50
"14
6 Pltte Ceal
6 Pitts Ceal pf
. Pitts ft West Va. .
,. Pend Creek Ceal .
. Pressed Steel Car.
. Producer ft Refiner
8 Pullman 96
Puntn Alegre Sugar.. 2754
2 Pure Oil 27J4
8 Railway Steel Spring. 84J4
. Rav Cen Copper 14
4 Rending 72Ji
7 Heading 1st pf 45
Reading 2d nf 45
. . Replegle Steel 23
.. Republic Iren ft Steel. 53
.. Republic Meters 104
6 20 Royal Dutch Amer... 4754
.. St Leuis San Fran... 23 Ji
. . St Leuis & S W R R. . 2.V4
.. St LeuIb Southwest pf 32J4
. . Santa Cecelia Sugar. . 2
.. Saxen Moter 2?i
.. Sears-Roebuck 71
.. Seneca Cep Cerp 2054
.74 Shell Transport 34'J
.. Sinclair Oil 2154
.. Sless-Shcfflcld 37
0 Southern Pacific 80 5i
.. Southern Rail 20i
6 Standard Mill pf 74
Southern Rivy pf 47
4 Standard OH of cal... 7634
8 Standard Oil of N .1. .143
7 Standard Oil of N J pf!0754
2 Stewart Warner Speed 25
7 Studebaker 74
1 Submarlen Beat Cerp. 334
superior OH Cerp 5 54
. . Tenn Cen ft Chem
3 Texas Oe
. . Texas ft Pacific. . .
1 Texas ft Pac C ft O
Tobacco Products .
. . Transcen Oil
8 t'nlen Bag ft Paper
. . Union Oil
10 Union Pacific
4 Union Pacific pf. ...
8 United Druir
100 3.80 United Drug 1st pf
4UU
1800
8
38
2234
24 54
65
954
67
1854
132 34
66f
8854
4054
fl United Fruit IOS'4
6 United Retail Stores.. 534
3100 ..US Feed ProduetB... 13'.
2800 4 U S Ind Alcohol 4654
200 .. V S Realty & Imp 514
3100 ..US Rubber 50J4
800 6 IT s Rubber 1st pf . . . . 0154
7500 BUS Steel 8054
600 7 U S Steel pf 11054
3800 2 Utah Copper 53
1200 .. Vanadium Cerp
500 .. Va-Car Chemical ..
1400 ., VIvaudeu Ine
500 . . Wabash
400 . . Wabash pf A
300 l Weber ft Hellbrener
100 2.80 Wells Forge Express
300
300
600
100
700
400
6300
700
1500
100
100
100
200
200
3254
, 3054
. 854
, 754
. 3154
13!4
. 04
014
3354
81
Western Maryland
. Western Paclf-c .
7 Western Union Tel
7 Westlngheuse A Brake, 8654
4 Westlnghouse K ft M. 45
.. Wheeling & L E 8J4
.. Whlte Oil Cerp 9 54
4 Whlte Moter 34J4
. . Willys-Overland fl
.. Wlllys-Ovcrland pf .. 26
5 Wilsen ft Ce 35
7 Wilsen & Ce pf 80
. . Wisconsin Central ... 26
4 Worthlngten Pump .. 41
Ex-dlvldfnd
Lew
20 J4
10J4
157
4134
2654
3854
10154
1354
94
14714
16034
33
40J4
4
3354
184
14
8354
994
33
13
38 Ji
9
34
1034
4054
1854
144
48J4
37 J4
70
44
1354
53
73J4
65
1334
2234
0
96 54
394
354
7854
34
1314
34
93
3854
58
9
874
4654
43
13
36 Ji
10 54
814
20
3054
24 54
11
22
7
no
87
26J4
14 54
58
21
93
27
35 Ji
8434
13J4
72
44 54
44 54
23
82J4
104
40
23 Ji
23 54
32 54
2
24
60 4
1034
3334
20Jj
37
984
20 54
74
47
7554
140
1074
744
7354
34
5
8
37
22J4
2234
65
8 '4
66 54
1734
1314
0534
57
4054
1085-2
63
17 54
444
814
4954
90
70 54
110 54
83 14
3134
20J',
8
74
204
13
64
"li
224
82
80 Vt
4434
84
834
34
634
20
35
80
26
4034
l'4
14
H
H
"i4
H
V
V
14
14
Vt
54
"
Vi
A
A
54
H
H
1V4
'.
A
1
Today's Net
Clese ChxP-
3154- J4
11 -157
-41J4
2654
39 10154-
184 4-
94-
14754-
10034
2S -4154
4 4- H
3.154 4- Vi
2054 4- 454
14
8JJ4 4- 14
10154 4
2254 4
1354 4-28J4-9
-24-194
41 4
1844-1444-4834-3S
4
76 f
7234
55 4-1454-2234
4-
0 -
9054-
40Ji4- 1
30 4- li
7634-
25 4-
1254 4-
244-
92 -
28'24-
5854 4-
9 4-
37J4 4
4654 43 -12
4-37'-1054-53
4
30 -
30544
35 54-1-11
-
33 -
7J4 4-
60 -
87 4
20'. 4-
14 54
88
2154
94 54 4-
37
37
8434 h
13J4-
73 -4454
44 J4 4-
33 -
53 I
10 4-
46 -
23J4 4-
23 54 4
32J4 4-
2
24
71 4
20 33 34
21 4
37 -70Ji
-2054
74 -
47
76J4 4-
143 4
107 54
24 4
74 -
334
654 4
8 -374
4-
224 - 54
'A
H
l'j
4
Vt
54
' Vt
Vi
14
24
14
Vt
3
14
134
254
'h
!4
INDUSTllIAI
Rich
Tlurna Bres rt w I ...... 81
Cal Crushed Fruit 4U
Chicago Nipple SJ4
Chlcnire A Kaat 111 144
Chicago A Cast 111 pref... 31 ,
Columbia Emerald 1H
Durant Mote-a 24H
Empire Feed 10.,
Farrell Ceal 184
Olen Alden Ceal 40
locemobile Bl
I'eerlesa Moter i)BVi
Perfection Tire 08
1'hllllp .Merrl 0,
Hadle Cem 2H
nadle Cem pref l'i
R J Itenleds (new) H"... 37CJ,
Seuth Ceal A Iren ljf
cireeiB v.n ,,, 7
U H Ii A II 1
United Plel Pred 1
United net candy 0
weai t.na unem 1
8TANDABD OB.S
Ansle-Amer Oil 1?.,
Atlamle )Abea 7
I'ralrle P I. ,....103
Eureka P 1, 78.,
Stand Oil of Indiana 72i
INDPKNDKNT OILS
Allen Oil Brt
Arkansas Nat Uaa ,. "'-
Uoene Oil ; 28
Itoaten Wvnmlnr .. 70
Carlb Synd 4
Cltlea Service (old) 123
C'tles Sorvlce "H" etfa... 14
f?llln ti.Mili.. nmf .... 4(11
Klk lln.in 1VI B
Enitlneers Tetrel 81. ,
Federal OH IS
Fenaland sH
Olenreck Oil 1A
Imperial Oil 8
Int Petrel 12'4
I.tvtngnten 40
Lyens ret OR
JtarlftrAl Df Oil IV
Maracalbe Oil 20t
Merldan Pet 8
.Mexico Oil ltt
Neblo 1.1
Omar Oil 8.1
1'ennek Oil 4
Producer A IteOnerH 4
Salt Creek Pred 81
Slmms Pet , 7'4
Skelly Oil C
Southern PL 254
Texon 8u
W'lcex Oil ,". 2
IVoedburn 10O
Y Oil B7
MINING
Illir Ledne 80
Uosten A Mentana li
Calumet A Jereme IB
Cnndelarla 25
Cressen CJeM H)
Crescent MacNumara ....
Crystal Copper 25
Doleres Eaporem l'i
Divide Kit 20
Kl Salador 21
Eureka Croesus BO
(Jeliitleld Florence 4H
Geld silver Pick t
Iren Illosaem IS
Jereme Vwrde 24
MeKlnley Uar 20
MacNamara IB
Mncma Copper '."J'i
Masen Valley I A
National Tin 00
Nevada Ophlr 30
N'lplBSlne r,?
Pitts A Mt Shnsla 32
Hay IlcrculeB 20
Hex Cene 0
Htand SIHer Lead 10
Tonopah Divide 70
f S Cem 4.1
I'nlted Eastern 2S
BONDS
Allied Packer On ... 4.1
Aluminum 7s 00'
Aluminum 7b w I 10 sa
Amn Tel On. 1022 W
Amn Tel Os. 1024 0R'
Anaconda a 00
Anaconda 7s. 1020 0.1
Deth Steel 7s. 1023 OSS
IMti Steel 7s 103.1 8,14
Chicago K.ist Ills S Ot'i
Cens Gas Kl Italte 7 . . . (I"
copper Expert 8s. 102.1 ..1004
Copper Expert Ss. 1024 . 101'4
Goedrich Tire 7s ... 04I
Gulf OH 7s lM4
Interbore 7 70
Interbore 8s 70
Kennecett 7h 0S4
Llbby McNeil 7s 00 "4
8
hi"
08
204"
?54
IB
7S..
4i
4
81
4
2S
7.1
08
14
20S4
8
liA
82
i
4
81
7
B
2,
7B
loot
60
tr.
no s
en
oes
os,
ea
04 H
IIS4
0.11,
04Vi
07
1004
Philadelphia Stocks
!3'
65 54-
14 i
67 4-
1854 4-
1214-
654 -58U4-40
54-r
10954
8254 !
1354-
44 In -
514 !-
40'
01 54 4
4
53 54 -3134
4
30 85i4-
74-
204-
12 -
01 T
0 54
23 5, -84
r
86(4 4-
45 4.
84 .
0J4 4-
34 4.
6
20
3.1
80
26
41
f4
J4
34
314
U
14
A
134
14
14
'?4
54
I
414
14
Financial Briefs
TTp &r3c nrlrfi of twentv artiv indus
trial stocks edvanrd 0 0 P'r cent en Sat
urday te 71. OS. while twenty railroads wers
up 0 41 pir cent at 74.68.
After a. reeetlrur of lha dlreoters last week
mw plsns for the Brlaoee Moter Corporation
were formulated and announced tednv.
wnernby 13.000,000 or additional capital wtll
be put Inte the buatneta Immediately and the
name of the faflterr organization will be
ra. 1
chans
of t
ei te
Earl Moter
Inc.
Trade In tungsten durtrur Auruat was con
fined te Imports of ere. totaling 2"fl tens
valued at 110.121 compared with Imports of
47 tens, valued at I7B37. and expert, total
ing K4 02.1 In July
A Kenerai offerlna' of F"il 'rai Farm Ian
bends. In the sum of $00 iiiiii.doe will he
mad en bhalf nf the Pfdral J.anM bank,
tc3ay. The tKinds will, as heretofore btatett,
bear 6 per rent Interest, and wilt be offered
te ihe public at par and accrued Interest.
Natlnnsl bank note eutstandinB Septem
ber 3u I74S.239 114. Federal Reserve note,.
1120 960.400 Fer the week ended Septem
ber 30 national bank notes Increased fj.
103 043 Kederal Iteaerve note. Increased
14 4H'I oue.
BANK DEPOSITS HIGHER
Leans of Lecal Clearing Heuse Asso
ciation Shew Decline for Week
Individual deposit of .?40,1),'U,000,
reported by the members of the Phila
delphia Clearing Ueu6e Association, for
the week ended today, represent a gain,
compared with last week, of 52,050,000,
w-hlle bank depeBlta made an rfdvance
of $2,504,000, the aggregate being
$104,835,000. Leans fell $2,105,000,
the total for the period being $05:1,
B-1,000, while the excess reserve
dropped S242.0OO, te $2,374,000.
Details fellow :
ALL MEMPEHS
Oct 8 1021
Leans 10.18.824.000
Lxch Clear. Heuse 23.08S, 000
GEO. A. HUHN & SONS
HTOt'KK INI) IKINDS
Members of the l'hllailelpliln, New
Yerk niiil Clilrnce Slerk r.irhnnces
New Yerk Cotten r.xrlinrae
Commission Orders Executed In
All the Principal Markets
Liberty Bends Bought and Sold
llellevue Court Hide.. 1418 Walnut St,
N, ,( 111 Broadway, Atlnntle City.
Amhassniler Hetel
iniii. , rinn.. t'hte. ti St. I .mil. Hi. illi-.
I'eiMiijU"' Jll;enrt Ce. Kqulp 0's 1038-85
tM14n ? iMj.. (iciini , u'R
d Railway Company Kefc. B'a 1010
, Railway Company,..., v 1022
t K. PHILLIPS & CO.
rhllalplila. Sterk Rrchanre
CHK8TMJT BTKKgt
VH-
E. 'ApsefWf
ItSAIwp
BANK CLEARINGS
Pank clearlnea te,1sy remparfil with cer
rrsvajri'lin ila lasr two veara
1021 1020 iriif.
Phils .70 neil noe JM. ran Ol.l I69.401.720
Italtirnere ll20ini.il U.BSa 431
Hi.scin .41017 2.1.1 Bl rn.1,421 48,204.127
Chi. ,ige . 110 000 000 113 0.10,112 . .
N V.ik B.'O Slui 000 SR7 001 4S0 B20.B22, 131
,st I euls. 25 son noe iO. 600,000
DIVIDENDS DECLARED
Hupn Moter Car quarterly 2V4 per cent
en common payable November 1 te stock
of record October IS.
Cleverseed
Tolrsle. O.. Oct. 3 Cleverseed Prime.
...- .. l..m...m l?.h.l..,W tffl OA.
nH biu vn;iuu.i 91UI .-SMtuat, ,,U,,U,
March. 13.25, Alslkv Prime. ra,h and Oc
tober 1110 IS. December and March, 111.
Tlmethj-VPrlms. eaah.J10:e. 12.6S; 102L and
October X 7B, Decembeit, 12.40) March, 8).
FOREIGN EXCHANGE
New VerW, Oct. 3. The foreign ex
change market at Hie opening this
mernlnjr showed stretiKth In Swiss,
Danish and some of the ether Continen
tal exchanitcs. Thit strength was at
tributed te possible purchases of the
currency of these countries by Ger-
mnnr.
The Ontrai ivurepenn pxcnnnr;es
were: Tlumanien. .80: nulR-arlan, .75;
Hcrblnn, 1.70; Austrian. .00; Hun
garian. .Hi; Czecho-Slevnklan, 1.02;
JiiRe-Slavlan, 44, Greek, l.Hfi, I'imi
marks. 1.15; relish. .02.
HATURDArS FINAL QUOTATIONB
Bterllng France Lire Guilders
Demand . .. 3.72V4 7.n7V 8 08 31.90
Cabl ..'..8 70 7 08 3.98 81.00
TODAY'S OPENING QPOTATION8
Bterlln Franca Lire Quuaer
.. . 8 72V4 7.04 8. Od 82.08
, . 8.13 7.07 8 07 82.10
NOON QUOTATIONS
Sterling Franca Lire Guilders
7 im
7 07
Increase
12.195,000
081.000
s.sm.oeo
2 "IM 000
2 fl.lll, UOO
201,000
Philadelphia Markets
High
14 Alii Ins.. lb
Lew
IS
73
DSW,
57
SOi
10S
3S".'.
Net
Clese rhge.
1 4- u
73 . .
llSVa lj
57-'i 2'i
MK
10S . .
3SVL.4- V,
100
ti'i
7 Mi
22 Va
1
OS
5!Ts
VJ8f
47
37';s
C04
71.'.
50
227h
20 T,
l2
523,
21.
72 VS
7-U,
si
Tn
1V4
51
10 Vi
2!
7'i
22 U
1
OS
102
20i's
12
40 Ti
37
oe e;
50
2"U
20r.;
10Vt
H',0 ..
insi
55
54 14 21',
1014 Vs
211 . .
1 Vi V.
120 Am Sirs 71
23 de pref. WW
lOtAm Hntr. 57-71
3(1 Am (Jus 3R
5fA T&T.IOS
10 H & O 38'i
45 Citizens'
Pass It. 100
40tCub C S IVi
32S El Stei.10:.y4 10S
25 Fasn Play firr 55
JlOOen Asph 54 'a
100 (Jen Met. 10V,
35 I C X A 20
10 Kev Tel..
lOOtKennecnt
Copper.
135 Lake Sup
0 I.eh Xav.
S25 I.eh Vnl.
KltMex Pet. 102
lOOtMldvnlc. 20Vk
UK) Mid S O
35tPnnlAm
.Pet ...
1773 Pa It It.
500 Pa Suit.
20tPierce O.
30 Phlla Ins
Wire...
112 Phil KIcc
303 tle pref.
100 Phlla UT
50 Ph Tract
00 Itys den
lOtltcadlntr.
2(l0tSup Oil.
45tStudebkr
400Tone Rel
25 Tone Mln
lOtTrans Oil 8
20 Ln Pass
Ilwy . . 100ij 100i IOO13 . .
17 IT (1 I.. 33 33 33 ..
4 Unl Ces
X ,Ter..l09Vj 100'A lODVi-f-1
lOfUS Steel 80 HO SO
7t de pref.110'4 100', 100'i..
20tWostghse
Klec ... -H 44 44..
20 War I &S 8U Sii 8l&
ftS W .1 & S 31 31 31
1 Vj-
22'4..
7 . .
08 ..
W
102 1
20iH 14
12s, 4-
37"h4- it,
t;na4 114
l'2
V,
T4
72ij
5
73
8
50
22
Ifl'i..
52:, 14
' 1..,
7HJa
5 4- tj,
74i4.
8..
Due from bonk, .... 01, 023, IKK)
Hank depeeits 104,831,000
Individual depealta 460.031.000
Time deposit . .. 14.623.000
unserve ith f. 11.
i. anu Itgal de-
pesllnrles .. . 48 S13.OO0 13.000
ciirh in vaults .. . 10.12.1.000 234.000
Total reserve held . 40.332.dOO 0,000
lleserve required . . 40.0.H,000 24M.DO0
Excess reserve .... 2,374.000 J42.O00
MEMUER9 nESERVE BVBTEM
Referve hel.1 . . J4B.s33.000 $928,000
Exre.s reserve .. 1.. 108,000 1,010.000
TIll'ST COMPANIES NOT MEMnERS RE
SERVE SYSTEM
Reserve hld 13, 400.000 1031.000
Excess reserve . . 770,000 807.000
In addition te the deposits above there were
this week 129, 1 18.000 Oevernment deposit
against which no reserve la required.
Decrease.
Demand
Cablea
Demand
Cablea
8.72H
1SV4
8
a nnv4
3.07 H
NEW YORK COFFEE MARKET
Prsv. clesa Omii
rvwrnhir 7 80081 7.66W70
March ................. 7.63n85 7.76
May
nber .1..., . ' rvJYgni 1 nt
,..,.,...... 7S00 7.7
..J ... 7.9&V&7 1.8
MTieat -December
..
May 1
Corn Cern
December ..
May
Oats
Deeember . .
May
Perk
NevemteT ..
January ...
Lard
October ....
January ..1
Rlba
October
January ...
GRAIN MARKET
Open With !.ew
, I., ,,-. . .
nr.A 1 iieceipts. 101,122 bushels Mar
ital epeneu 10 hla-her, but lest Improvement
n.j ciesea nulet. Car Ieta ln expert ele ele ele
vatoreo. 2 red winter. JI. 22 1.27; Ne 2
rd winter, a-arllcky. J1.181 18.
COnN Receipt, 14.884 bushels. Quiet
and local car leta le lower. Car lets, In
expert elevator Ne. 2. RSfftOIV: Ne a 60i
v OAT& Receipt,. 1800 bushels Steadily
hjl1-.,"nr lets as te location-Ne. 2 white,
"JvAJff,1 Y- a whl,c- 4843He. '
iiS?-'fn''.,'pt,V.ne.0 b'11" ftr"l 17.13,
140 lbs in sacks. Slarket stuadv but nulet
Quotations- Per 100 lbs., packed In 140-lb
Jute sacks Seft winter slrelKht Western
V .a.lWU 00, de. denearby B levh herd
?lnt"i "trHlsht. 77.B: de. short pa ent
J7 BOWS de eatent 17 nna ns ..- .iTi-I
patent, 18 t,010- fancy eprlnir and rlt'y mills
a'i1 ,.wefi' ln, .""' meled and alr-drled.
B2c, beef, kiucklea and tenders smoked and
alr-drled, r,"e: perk, fimllv. lis h,m h
.'iwc'1' "a-3 dT,'. si?nehd": "Voes";
du&i-te-Ae! 2rt?(.nOe, hams.
cure.1 loose. lBct de. emeke,! ifl0: bellies
,5rL lfe' ""' I7C' hrelkfa" UMn. 24c.
litTTKR Sold fairly ami eelld-pncked
rl' W" " 4iiu-nuiruiK roeriM 4 7 7f lltr . f.r.
extra nmt, 4..fi44r flmiN. .irtffi
tNet chanKPtmad bv cornparlsen with Unt
3M.IO un !- iur niguK rJicnuriKe,
I'HILADLLPIIIA IIONDS
5000 Liberty 3'js '47 88.8:
3000 Liberty 2d 4V4S '.IS 00.58
2000 Liberty 2d 4 Vis '42 00.08
5550 Liberty 3d 4H '28 04.00
50000 Liberty 3d 4,H '28 1)4.00
350 Liberty 3d 4 Vis 28 03.81
5000 Liberty 4th 4 Vis '38 00.00
700 Liberty 4th 4V4n "38 01.02
3000 Liberty 4th 4Vis '38 00.88
150 Liberty 4th 4V's "38 00.78
400 Victory 4'T,R '23 00.28
2000 Pell Telephone 7s 1003',
2000 Cen True Xew Jersey 5s. . 00
2000 Du Pent 7Va 1031 i)!iy,
1500 Klectric & Pees 4s lets 50V1
2000 Keystone Telephone let 5s 08V.
2000 Phlla Electric 1st 5s. .lets 87V5
7000 Heading general 4s..,. lets 77
1000 United Itellwnys 4s 39
00c
40c,
fane
and fair te choice
nw, lancy. nranea or nr nts tehhin.. ., -.affli
eirtt rTC.
P
tn.-
I 17
1
1H
40
B4U
40'i
rinss
1 20V J.lflVl 1 181.
1.281 1.21 1 28ti
BO'i
B.1'4
30T4
41
4sV.
B4U
3.1
40V,
404
BB'
an;
40 '4
.10.12
. 0.20
7.03
10.12
0 22
10 01
0.1ft
7 05 7.92
17.00
15 OO
in 0.1
9.20
6.75
7.02
October
December
January . , , ,
Mardi ,..,,,,,,,.
May ,..,..
COTTON MARKET
Sat Today's
close
. ,. 20.46
20.6B
20.88
10.03
O.Bft
$.95
open
20.7S
20,04
20.77
20.25
20,03
19.44
1 P. M
20.BJ
20.8.1
211,48
20.10
nti.. (l7K'n". ?K,R" nrm Unrt"'' 'mal u
?in..andv.a..Wrly ,actli," demi.r-1. ijuet.
VSP." Nearby, extra flrstB 4HWc' nrst
'7a: iV,ern' "tr-' nrsls, hi3'48V4c.
firsts. 4fl47e, seconds 80 W 10c inferior
iV.'.lVJ- iS5ft V," e' fancy candl.d
e.i.., ... UIjT" rr fowls net Legherna,
fancy, fat, yellow-skinned, welahlna- B lbs.
fttin?n?-??fr 8nS.32r. medium 1lB.2s'
"i.'Vii WV,ci wh" '"Shern fowls. 18W
UlLZFJl nlck'n" l-nr?- yellew-.klnned
rV?.J."he,n?,k,s- B,er. lh 2flip28c. medium,
euallty. 280 24c. 'nfener WSPSic, snrlni
chickens LeKherns soed quality, 21$22e,
de de Inferior, ISW'.'Oe 0d rnestera, 1O0
,RiC du,Ceknwh", r'kn 2221c. mixed
colors, mJ0c Plreens per pair. old. 85
40c; nun, 2.1 1?. 10c
DRKSSr.D POL'LTRY Fowls fresh
killed, drv-ptcked In boxes, welehlna; B lbs,
apiece. d7e de welrhlna- 4 Ibe,, 3ftc, de
welghlns : W Ibe , 227e, de, welshing 3
lbs., 21W22e. Fowls, fresh-killed. In bhls,.
dry-packed. 30c de. welshing 4WWB lbs.
apiece, .Ice-packed. Sftc'. de. welshing 3Vi
lbs.. 33260 de. weighing 8 lbs, and
under. 2UW22e. roasting chickens. Western,
weighing 3H W4 lbs apiece, 32084ci broiling
chickens. Western weighing 1V4 2 Iba
apece. 30ft82c, frying chickens. Western,
IVi V 3 lbs, apiece, 2.1W27CI reaat-
ba
u'elvhlnff
. ,. mit . u ,w.. nuirD.
Ing chickens, nearby, weighing 8'44
apiece, 323lc. broiling chickens, nearby,
weighing 1V42 lbs, apiece. 31 ,84c! frying
chickens, nearby, weighing J!W OS Iba,
apiece. 2728c; old roosters dry-P 'eked.
Weatern, alei de. de, BeuUln. 10O20CI
ducklings, 70280. 9
iramrraJiiraijrffi CI 1 1 J
A Bend
Tliirty Years Old
wns brought Inte our office re
cently en Its maturity date hy
a customer who bought It from
us ut the time of the original
offering.
We collected the principal for
him and ha took away ether
bends we recommended.
Services of this kind we are
constantly rendering. Can we
assist you?
BATTLES & CO.
Btnbljhed 1890
ladtpendenee Square 1 (Easg)
THE foundation of the financial structure
of any Country must be the savings of
its people. We are, therefore, glad te place
our Savings Fund Department at the disposal
of these who try te save their money. The
small account which starts at 5 and grows
steadily is performing the same kind of useful
service te the community that the larger de
posit does.
Fidelity
Trust Company
325 Chestnut St.
1431 Chestnut St.
4P5S& 6324 Woodland Ave.
7
Si
M
West Philadelphia
rteeca
Capital $5,200,000
Funds held in Trust mere than $250,000,000
,Edflfc.w c ..,. t ia nnn nnn
aS"-XX-NV "" "'i"ii'
ssSfJOElX
ktaJtrn
At Clese of Business
Sept. 30th, 1921
WE HAVE TODAY 9223 DEPOSITORS WITH
CHECK ACCOUNTS $3,417,572.62
8738 SAVING FUND DEPOSITORS 2,306,429.22
A Total Belonging te Our 17,961 Depositors of 5,724,001.84
Tit.. C.Jj. JL. A v a. .. .... .
. Htm ruiwe me -.umpany ueana ana invests tn a vareiut manner no
j t7 te Be Ahcays Able te Meet the Depositors' Requests for Payment
Fer This Purpose We Have
I. Cnsh in Our Vnults Geld, Silver and Notes $241,021.14
II. Cash en Dennsit With Henks Pnvnhin nn n.m.nj eca eni ik
U. S. Government Securities 686,313.56
Bends of States nnd Cities Kfii srirs
Bends of Railroads and Other Corporations 723,145.08
"'"" whalu, A.-MJ KKAUII.Y SOLI).
VL Leans te Firms and Individuals 1,436,779.46
YY WltF. YeUSS;..VE AyK Fen ""with securities
PATMLOTCJF'l5ANB"AnKCT VA''UE PLEDaKD FOn
VII. Leans en Time te Firms and Individuals 63,347.95
MOSTLY THREE AND POUR .MONTHS WITH SECURITIES
patment:'KN0WN markkT VALUE PLEDGED FOR
VIII. Leans en Promissory Notes 176 900 43
peiS months! ,ndividuals payable in threis' or
IX. Mertprages 2,196,334.00
MOSTLY ON DWELLINOS OCCUPIED RY TIIH OIVNERS
"HSvS? 0T-H?EM.ARK,NCnTEIlL" lg8
X. Banking neuse and Vaults 266,609.03
JtN:C.ViDE-s NEW SAFE DEPOSIT VAULTS WITH CA.
PACITY FOR OVER 2800 ROXES. nu-" w' -A-
Al. interest Accrued
III.
IV.
V.
466.35
TOTAL . . .
This leaves a surplus of.
.$6,553,500.20
829,49836
$35,023.f4 of irliich is a reserve fund
set aside for interest and taxes.
The balance being the capital, $150,
000; Surplus, $500,000, and undi
vided prents $U,mJ2; which con
stitutes a guarantee fund for all
unit au eusincss until us.
In addition te the above tve held '
$517266.91 in Trust made up of
$509,618.72 in Securities and $37,
6tB.19 in Cash wldch are kept en
tirely separate and apart from the
i empanys assets.
North Philadelphia Trust Ce.
Bread St and Germantown Ave.
Above Eric Ave, Philadelphia
WELSH BROTHERS
Investment Bends
ANNOUNCE TIIE REMOVAL OF THEIIt OFFICE TO
132 SOUTH FOURTH STREET
PHILADELPHIA
LOMIlAnD 1843
MAIN 1110
.TBJLaEL
OCTOREa 3. 1021
Penna. R. R.
6 Equip. Trust Certificates
Maturities, 1928 te 1935
Price te yield 5JB0
Reed A. Morgan & Ce.
Liberty Bends
...-.. All Issues
HARVEY FLSK & SONS, Inc.
Land Tille Bldg., PhiU.
ew lerk fhlciwe ItlilTnle Bosten
AUTOMOBILE
INSURANCE h
J4rtrt. t s.
t :,a