?. H''wwt4wW3
tfSEZ
g'MW
lIW
TF. '
i' - .-, fWu
iTJUwT; i
rtV4
,1
',
', - ,' ; ''
.,',
4,t
.'
20
EVENING- PUBLIC) LEDGER-PllILABELPHlA, THURSDAY, OCTOBER 6, 1921
ft
I
Mr
hi
I " 1
1 Srvc anrf Stability I
Condensed Statement
If Clete of DuslntsM
SepUmber 30th, 1921
1179,203.13
74K.07B.85
ASSETS
Caah
U. S. liberty Bends and
Trcnsury Certificates.
Other Investment Secur
ities s
MertKnpen
Commercial Taper and
Trndc Acceptances . . . 2,4.6,300.si)
Loans.en Collateral.... .1,1(30,072.33
Ofllce rtull'dtne. Vaults
and rurnlture l3(i,07t.JO
Miscellaneous Assets to.tes.4
.BS1.B53.0J
717,013.51
LuwtK uall mm
HELPS STOCK PRICES
i
NEW YORK STOCK EXCHANGE TRANSACTIONS
Opening Rate of 412 Per Cent
Causes Early Presstire en
Market te Relax
$11,377,405.36
LIABILITIES
Capital S coe.ooo.oo
Surplus ana I'mlividril
rrents i.xn.iez.si
Deposit!! S.;i,8D.S3
Dividend I'nabIe Octo
ber let, 19"1 iift.oeo.oo
Mlscellanevi3 l.n!.'ltis 23.243.03
$11,377,405.36
Integrity
Trust Company
Fourth anil Green Streets
Capital
Surphs ifc Profit
. $500,000
.$1,830,000
gaHHBDiaSBII!BBBBHBBBBBHB
S "SERVICE" 1
Accurate Information That
h Profitable and Convenient
New Yerk, (let. (1. Shorts met witu
little opposition in their further (!(
prcsslen of prices nt the opening of te
tlii 's eteck mnrket. PasltiK of the
quarterly dividend en Sumatra Tobacco
"een ('fleeted a decline of 'J'i point'.
Mexican Petroleum lest 1VI, although j
Pan -American I'etrelemn, with which)
It t affiliated. Rained 1 point Prom
inent iai!, nhlppinRs and specialties, as
featured bj Delawnre, Lackawanna and
Western, Southern Pacific. Reading
second preferred. Atlantic' Gulf and
Sears -Roebuck also wen lrrfRularlr
loner.
Pressure relaxed before th end of
the first hour, the 4'j per cent npnlnn
rat for call money exercising a bene
ficial effect Mexican Petroleum made
full reeeverv and coppers and luignrn
Vicre 1 te - points higher. Hefere neon,
however, th" --elling movement wn re
Mimed C'literinc In tobHeces and .nnii
! .prenilmp te steel", equipments and nil
I. "wring "f shorts had n geed il'iil
te ili -villi ihe iuoreii. upwiird mow mew
men' h'if there uus buying of a villi
iiiiit.j, Inracter in iniinv group- of
-m iv- which were bought by hcue
w 'i .'"in n t for Important bnult ng tu
tor. -i- The demand for then stocks
wn- n'd t remc te n geed ttent- from
f,r ign "une., with the la-gvr part
appnrent'y for German uecii'nu.
Tin.- dem'iml was effective in causing
advances riingaig from fraction- t" mere
t'lim a point. I'tnh Copper meitg up
from Ti'J te .V! and Annrinidii advanc.ng
lrein ii)i te -11 ',4 The covering of
sh'Tts wa-t heavleit tn Mexican Tetre-
I IiMi.'. but fhnt stock continued Itsdewr-
n.Td movement ter n time after tiie
ojcelng. falling l. te 0.T. and ral-
e id ulvn the covering was ni'-t
ia
a tributien
We have readv for dis-
a booklet bound
j in real leather that will fit
H into your vest pocket. 1 hts
a booklet is arranged for the
j keeping of accurate data en
H your investments. In the
ra back is an extensive table
g showing approximate in
H comes from stocks paying
a various percentages.
Ej ii ie uieiiui.iij' lvj uui au
g vantage te call or write
m seen.
a
a
a
a
a
a
a
B
a
H
i.i' 1
ur' i r
. ' 'idi. -trials wtrc fairlv well held
tin I tlj "Minted witlun n narrow range
I'd d State" Steel common moved up
fren Tn " m and ltnldwle Loco Leco Loce
iiintivp ifpr falling ', te i."1, moved
up i" SG'j.
Ask for L-l.
R.ilLSAVD UTILITIES
THE LOCAL FAVORITES
Transactions in Howe Shares
Augmented by Large iNViwi-
ber nj etv Yerk Issues
i P. K. GUTHRIE & CO. g
H HANKERS AND nROKElta
13 Mevxiers of Philadelphia Stock
u Excnanae
SB
El tits c D C OLM.J.l.l!. ?
M iiie je, can equsrv. i BiiiaripHii mi
u srim 3oe m
Kryttent: Race 483T
CI tJrV rnne Spruce 7JJ IJ
BBaflBBBflBBBlflBBlBQBflBc
Alleghany & Pitts. Ceal 8s. 1 94 1
Appalachian Pr. 7s, 1936
E. G. Budd Pfd. Stock
Buenes Aires 6s, 1926
Cheate Oil 8s, 1925
Detroit United Rwy. 8s. 1 94 1
Duquesne Lt. 7'4s. Iq36
Fisk Rubber 8s. 1941
Harrisburg Lt. & Pr. 5s.' 1952
Hershey Chec. 7':s. 1930
Indiana Service 5s, 1950
Lehigh Val. Trans. 4s, 5s, 6s
Met Edisen 5s & 8s
N. Orleans Ry. & Lt. 4s. 5s, 7s
Paris-Orleans Rwy. 6s, 1956
Penna. Pr. & Lt. 7s, 1951
Penn Pub. Serv. 5s, 6s, 7'2S
Prev. of Ontario 6s. 1943 "
West Penn Pr. 5s, 6s. 7s
U. S. of Brazil 4s, 4 Vis, 5s
BOUGHT. SOLD, QUOTED
ilanbers I'hi.ai' ,'f'itn .S"icfc Errhanye
Land Title Bldg., I'hila., Pa.
The Consolidation of
Railroads
1UE HAVE studied the plan of thr
"" Interstate Commerce Comniis Cemniis Comniis
Bien, ns well as the mere detailed
suppestiens proposed by Professer
Ripley, fei tlie consolidation of the
trunk-line railroads of the United
States in'.e nineteen chief system;,
and sha'l be jrlad te discuss with the
tnvners of euWanding bends the gen gen
eral effect of "-ame en the securities
they own.
TFf nrtfc conference en any cur-
rent investment subject
HARPER &TURNEH ;
Investment Bankers
Ilembrri nf Philadelphia Bterk Er-hinai
Stock Exchange Building
icmntnu Philadelphia 'ir
J M st nf M.e eteck-" coming out en th th
lecnl exchange ted.i shewctj n fair de
gree of finnnes, transactions in the
strictly home Minres being augmented
bv p lurge assortment nf New Yerk is
sues which were tradid in odd let-Tl.i-
railrcad and the utllltv groups
agdin claimed the attention of tinders,
with price movements showing decided
arianen.
The widest movement wa in some
odd-let salts of Lehigh Navigation,
which slid off 3 points en a turnover
of less thati a dozen "-hares I.Milgh
Valley continued te lunb flnd, while
I sales were net k extenslc as en days
I during the earlier part of the week, the
, priea was merd up te 5',i. nn ad
vance of l'i. Pennsvluuia was under
prcF.ire. This isue was tak' n at 'M'i
1 te K(5l,5, repre.sentrig n drop of 0.
' West .ltr-".v nnd Sea-lnire. the ether
, -.lemlier of the group te .'ouie "uf. wn.
unchanged nt ."il.
Ifeme utilities fared f.iirly well. Thl
I grmip was led by 1'nited (Jan Improve
; merit. t.ikn at I-tt'-j and ."!. a gam for
!' da e a iinlf. Philiilclpbia Kapid
'I'rnnsit was t he favorite among t lie
j triu-tien", -. iirn.jr a ns gain, nt J7'i J7'i
I'jilen Traeti'Ti was in fair request at
.'I'm and M. Philadelphia Klectric
iii"S came m for some attention, but
were uiuTi.inged.
While there w-as a break in the shares
of the Lehigh Valley Railroad Cem-
ipui juei ii'-i"ri- tun iMOMiig ei in1 mar
j ket hint night the stock of thst corpora
tion wa.s the fetnmgcet of tie mil
1 when thai group took a -pui-t nlmig
i nbunt noun ji-terdaj Tin treiiKtli
shown m rc.-ent week- b tin- '-mi. i
ndnilttidl m HQtiHpntin nf a plan nt
t-"Hi 'K.i-Mi et it- eal prnpertii- ''nn
wi.l he of advantage ti tlie Moi'ttbeldr r
WJ lie nn annerini emeiit wn- ferthi-mi -ing
after the inenthlj ini'fting of the
directors in (hi-- i ity ji--terduy morn
ing, enough was made kijuu.ii te giu
'the inipret-iijii that the plan would In
( filed with the Federal Pintrii". Cem t in
, Ni w Yerk some tiuje after the c!e.-j e!
i tae maiket today.
I'-'alings in bend were m fulf-h' I
iiineunts, prices holding a K'eer.t lc-el.
tlllB
30(1
100
tee
1200
100
(100
tee
400
tee
JflO
100
ine
100
300
100
100
tee
000
tee
100
tlOO
;ioe
2.100
00
11300
500
1J00
2.110
S3M)
100
fiS me
100
00
100
100
2400
1100
00
11)400
tee
tee
Ji 000
600
EBoe
100
E&ioe
100
A00
000
200
tee
i a ioe
i 700
! nun
1700
me
410
tee
1 31fl
2400
100
4400
1200
it 00
120(1
100
4P0
4S0O
tee
200
ion
1900
2.110
200
isoe ;
2il()
000
2000
401)
100
tee
000
100
.'.110
.".300
100
01.0
60,1
IH0O
Sen
I , 3')
12 JO
100
6.(1
2 10
300
2'J0
1100
iOO
1000
1100
son
A00
ten
ioe
mue
tee
a zee
2700
4(M
vie
1.100
7 1 JO
.", )U
100
400
nne
11,00
niv
ln
Tlleh
. e
. W
.
. u
, 4,1 W
, 89H
, 33
03 N
27 H
Aaiutts Enprets
AJnx llubbflr
Aliuka Geld Mlnea..
.. Alaeka Juneau O M.
J Al led chem A Dye. .
7 A led chem ft Dye pf
Alllg-CTialmern
Am Agrrie chem pf..
' mcM4Mynf 110
Am Cotten OU 18 H
Am Clilcle 7
" A2 P"Syn 6j;
Atn Hlde & leather.. 10
. Am Hlde ft Leath,.,. pf aei
6 An Ice no
Am Internat Cerp.... 32
Am Linseed K
: Am 8ft'ty Riiier 4 14
Am Radiator ., 70
Am Ship a Cem S
Am Smelt aH
3 Am Steel Feundrl.. 24
A"i Suar nef S5
Am Smjar lief pf 74Ji
Am Sumatra ' no
,? M,TiA Tel 107
l' Am Tobacco 124
7 Am Woolen 71H
.. Anaconda Copper .... 1'4
4 Asse Dry Ooeda 82
siie Oil gj
a Uch Tep & Snnta"Fe! S0i3
fl a ', Tep A s F pf. .. 81 H
7 MUr.tlc Ceaat Line... h4l4
'"antle rnilt 3
.. A'l Oulr A W I S S... 2BJ
. . At Gulf A W I S S pf 20J'
AtiMHIe Pet 17
7 HaMwIn Locomotive.. H014
. Ita'tlirerc ft Ohie aft
4 lla Minore A Ohie pf . . 112
.. Uarririnl Clara B.... VI Hi
lUthleh-m Steel B.... &i$
nitl-1-hem Steel 8 pf 98H
10 Burns nrn 105
'. . lluttc a Superior Ctep. 1.1K
2 Cal Zinc & Lead 4J4
6 California I'.nklnir ... CM
.. California Pe'roleum . 3H
T California Ivtrel pf... 70
10 Canadian ruciflc ....113
. . Case J I 4
.. Central Leather 27
.. Tentral leather pf. .. rS
.. Cerre lie p.irce ."e
Chandler Meters .... 41 Jj
.. Chesapeake & Ohie ., B4U
.. Phi Mil A St T 25J4
.. Chi Mil & ,st V pf 30 JJ
.. Chi It I r l,c . . . M
Ch! K 1 A IMe 6T. pr. 07JJ
.. Chlle Cepp. r 12J4
.. Chlne Copper 2BH
. . Coca-Cela 3J
. Colerado bi. 1 A Iren. 24 i
4 ("olerado & Se 1st pf ..S2J4
6 Celum Oas &. Klec ... 61
.. Celum Orapliophene ti
7 Consolidated- Clj;.ir t,f. 70
7 Ooneehdated fias . . D0JJ
. . Consolidated T.xtile. Is
.. Continental Cai 47
. Continental atnl ,
C Cern Preducta Uef ... 7P'i
7 Cern Preducta Kef pf 10.5
SO Ceeden A Ce 27 '
4 Crucible St el . . . . 62 H
. Cuban An Suk.'u-. . 11 ',a
. . Cubnn Cane Sugar . . C
.. Cuban Cane Sugar pf. Hi
0 Hela Lack A Went ..105J4
.. Elk Hern Ceal is
C Kndlcott-Jehnaon .... 4)i
Krle ,.. iza
. Lri 1st pf 10 1 j
3 Famous Playere L.... fil
fl Fanieut Players L pf. 79
.. risk Itubber 11
. Oasten Wms A Wiif . )i
.. General Anphali .... .'2Ta
C Genera! Clear COJi
8 General Klectrlj 124tg
1 General Meters lu
. Goedrich B F 3Uj
7 Great Northern pf.... 74 j
Great Verth Ore ctfa. 2S
. . Guantanamo Sugar . . 7
4 Hatdtell A Barker Car Bs
.. Housten Oil JS7j
7 Illinois Central 90
60 Indiahoma lWnnlnjr .. 3
.. Jnsplrat.en Cen Cep.. 38
. . Interh Cen Cqrp 1 Jj
. . Interbore Cen.s pf . . fiJ
.. Internat Acriiul 7J4
. Int Aurieul Cerp pf . . Sb
7 Int iian-ister new. ... 704
0 Int M.r Marine pf . . . 40
7 Int Motertruck lHt pf. S
.. International Nickel.. 14 H
rt lntein.it Nickel pf .. 7fi,i
.. International Paper .. 47 J4
.. lnlnc.bl Oil Cerp... Ili,
. . Island Oil s j;
.. Jewel Tea y,
.. Jewel Tea pf ,.. 42
. . Kansas City Southern 25'8
. . Kangaa A Gulf Ce . . . fi (,
4 Kelly-Hprlngtlela Tire. .41',
H
Philadelphia Stocks
OAMUUUS
Dealers in
Investment Securitie
lulUr u Yerk and rhtladtlphta
8 took Uxchangt
321 Cheulnut St., PhilailelphU
Sj?rHcll Brne. & (Ee.
public Utiltlu tfrrurttUa
terk Exthitner Butliiiin. Ihila.
Knickerbocker Ice 5s, 1941
Ptld. Ry.. Lt. & Pr. 5s, 1942
Pub. Serv. N. J. 7s. 1922
Stand. Gas & Elec. 6s, 1926
Teledo Edisen 7s, 1941
. rUoeent Leeuat U2IO-l-lt-3-4
PilvatH I'banta te Nr Yerk Boitea
JtlKti
iTfi Am Ktrs. 73 at
I-' de pref.. flf)",
1 de -d pf or,
-'" Am Gas . .1
1 l..m Tel
A: Tm 10i
in Am Weel 71 'i
' Held Lin
pief ... 1(71;
"ii.-i'elfrrph Us
' i:iec.ster 1 1 n i v
-'"(Tam P!av ."Os
MiGi-n Met
tl p e. .. flli,
"" id" 7 p c 7L.'",
-'(itilt Nerpf
HMltIll (jn
! I Ce N A
liHK- nnec't
II 1 i li N'hv.
!"'( I.el, Val..
1 C'tMix p, t.
".",li,,j,.
St.i (I.! .
"fii-Ne: Am
JI2 I'.i It H
:. Pa Salt
LflPhllu Inb
Wire...
100 I'bilu Ce
pref
J Pl.i'aKlee
1(1(1 di pief .
:tse I'liii-t itT
2(1 Tei." Bel
2.'17 I'n True.
l!tf t 1 ' ' I . . .
J Cnl Ces
V Jer .170
leuM SSieel 7X"1
1 War IAS r!
I fill West ,er
A. S :il
7')
1ns
7L'JA
'i'n:
pi.
7t'
L'l
20 'i
20t,
(111
M
n
ii'-
:;ia.
2r,i,
22.
2i;
17'J
rtn4
:' .
I's
110
,"(ls
2
72
7I
s
'M,
L'll'
(U
u
an' .
titri
nei .
r;
27;
72-
7P-
2.
JO',.
li.' -
'.H
ir:
il
'4
l'l
1'l
FOREIGN EXCHANGE
.New Yerk, (lit. (!. At the opening
of t la foreign exchange market i hi
ii"in'iig tnrlllig was a -hade lower, hut
fiuii'-. shewtd geed support. Swli.
iut" somewhat leaetienurj en prolit prelit
takiiiK. There was a better lone In the
Scu'i j.navinns and in guilders.
'J l.e quotations follew:
Stilling cables .'LTs1, demand 3.7S;
fram- cables 7 2!), checks 7.23; lire
cable-, 4.04, checks -1.0.'? y SwIhs cabled
17.72, ehrcks 17 70; gulled euhlea
32. .le, che'ks ,'!2 4" : iieeta cables 13 1 I,
chrcks 13.12; Stei-klmlm eabicn 22 s5,
cheik" 220; Chrlxtlanla cables 12 10,
ehieki 12 10; Ceienhagen cables ISiiO,
clicks -lS.Se; llelgian cables 7.13,
cheks 7.14; marks .H'J'A.
Thi- premium en New Yerk funds in
Men'nal tednj wa- virtunlly unchanged
at :i 10-10 pi r lent. The di-ceutit mi
Canadian funds in New Yerk was
II 1 -.''.2 per evnt
Central Kurepenn exchanges were
steady today w- fellow.-: ltiiin.ini.iii.
sit": Hulgaiuiii. 70; Serbian, 172;
Austrian. ."Dli : llungiirian, .lO1,;
(ireiU, 4.30: Polish. .02 ' ! Finn
mark- l..ri.";Ce lie-Slevakian, l.07'-j;
lug" sluvien, . 12.
' may s 'ii mm, qrorvne:.-
"- w ii Trin 1 I li (Jul ' rs
.i ".s'-i
:s
T.iO
1 ' I
I Ml
3J 4
.1. (i
4 1
if
2d
22 V..
20
U
31
20 V -22
' . . .
jr. "
IV'4r
li"rf
31
rV
Canadian Business Outlook Brighter
Ti rnnidl.ii ' "ii.il ( Men m A-wlilnn
'ei -a fur it..- f'lfire nn lmrrmd bum
:.., - malign In the Haul fureeaiiii .,ry
r'l the XVrt mn-ti ilind fn the i ip
, ill u ii wln-l n l.ett.r than a -M'fK ,e
wr,r . i 'eniei. iIiti-thi J. I Ilrlttdln cf
'Ull.- I S HTlll" tcrleui Inlue' I il P
I in. , riirrwl In tirtaln part th. .. a-
ii n '- 'h.ii en (ii wheli fruit .,nl mr
min 'I 1,h mud. llnrnuraiclnt ('Hum
,ir t nd In tj s-(len nf tnn D .ni m n
tiu In it I" mi re nctl In th,- inarit nri
t,r v ,. m innlre il "' Ht whop
s . r n main liuea arc ttndlnr h l" 0 1
, -nt In ).uilnfM and "ir.v a. I t.v -x
I, it ' i tr.i'l" "pet al'v in 1iv K'mdn n.
.p., bne's atnl h' . a (id meh h ainl .n
mn, n Mr In thlK r'lt M""m hmv s
t.j . i d-uurl jdMJUtar, mer ihfl t . i
,iji i i(j(k un hand ri-.id fur ilsll..
! ,1 r 1 inn rtr an h',lf, heller than ilur-
I inn ni- rnunih nf Jaw
' Reserve Banks' Discount Rates
Ciff 'il rfdlncnunt ue at th twtlve I'ed-
K fV ll'tll.H Brr Jli luuutvn
I in ia I, in. , iiiti I imri.
ctf lienda. pipnr. ace
. .', & (i
. r &,
170
7s'1
s
::i
170
JV I',
Kei n
nvw Verk
PI I ude Phln
i'!. i ml
Iticlnii nd
AMan'u
li ..
1 ii"
,1 nne'l'iiH"
KanniH City
Ijalla
ban 1' anclnce
,1
I'-i
0
i
0
'I
5''
n
i.
ii
r.
i'
u
i
H
'.
B
t,
ii
0
II
d
S'4
ti.i ehan inkdi by eempur i.,n vl ( ,
sale en Nnw Yerk Rterlt Bii-hane
I'lllLMIKLI'lltA IIOMis
"000 Llbertv 2d 4''.h '42 f)l
MM)0 Liberty 2d 4 '12 01 .
loeoo I.ibert 1th 4'4 '3s .. ,
1000 Liberty 4th 4',h ,3S m
2IM1 Libert 4th 4'4s 'H .. , ) .
1O0i i Hell Telephone 1 mi
liiMMI Phlla Klectric Is i;t
2'IO Phllu Lleelrie .",-. . VS
GOVERNMENT BONDS
MONEY-LENDING RATES
MiW Klltlv Men. en nil r,,tn .
f .lla' ial epened tndjy ut l'a p..
ler ieiidinv ami rnewin
larhfp
' i-ejit
Panama ceiilii. M ...
Panama rau 2a lOfn . . .
Panama con 3; lt(8i . ..
Panamii cnu Ra ,1",'
Panama res 3. IBB1 . .
hlllPflna 4. 1034
I'lilllPPlim 4 IMJ
I' fi i.ev ceu 2" 'nJ0
ti H dnv rur 2 lna .
( H ,ev roil U 1I-S
t s il..v m 4b inj.l
) of r.ilurnbla a .s 102
Ull
1'iOV,
tOft'l,
'"!7
7(1
17
77
77
lti0
ien
101',
UK',
(3
Aakul
lei'A
lOiiii
10'i
I0S',1
Prices Heavy en Paris Bourse
I'lirlB, Cut B Prlren irern heavy en lha
iMIK.tnr.I.rillA. -i'nUfl tr r.ni !.
B Mr cent commercial pper, inree te aliiranca -tn eennmea im
mentln. 6 per cent. at 13 francs 3.1H ctntlmea
lleutM teda Thi ir nii rcnus, nJ
fran. a 70 crntimea exchange en Iinaen,
r,2 tranca 0 cent me. .a iwr. ce,u l0". ..
ine uuiiai
?4
y
M
8
10' -
H
M-
!i
Dlv.
Ralea In I
1003 ..
4800 ..
100
1000
3000 s
2e00 8. SO
100 1J
aoe ..
400 i
300 it
00
200 1
300 ..
100
300 ..
48100 12
400 t
3100 1.60
000
1000
400' ..
300
100
3S0O
100 T
IOO
100
MO ..
400
aoe a
100
700 s.50
1100
300 t
1000 K
1300 3
000 7
H0O
100 2
100
200
3100
7S0O M
1300
2390 i
700 ..
100
300
100 S
300 n
300
2800
1000
700
200 2
300
1700
1000 4
.100 3
200 3
1300
ioe :
700
3100 S.JO
100
100
300
M0
1300 ..
700
200 .;
0311(1
1100 e
'SCO
300 7
100 7
100
9300 7 ;
400 1 ,
400
100 ..
10100 S
300 ..
c!300 1
10 ..
300
3600 6
100
00
500
700
600 10
100 I
000 g
000 0
100
100
13100 a
oe ..
aoe 4
200
1700 ..
300 n
tee
8S0O S
300 7
3N0O
200
loe
100
8U0
ion
100
ioe a
2V0 4
tlOO ..
100
100
200
00 .36
HlKtV
Keliey Wneel 0H
Kennecett Copper .... 21 H
Keystone T ft It..:... 10ft
Kregffe B R .".101
Lackawanna fiteel ,., 41 14
Lee Rubber Tire 2S(4
LehlBh Valley 8H
I.lgffet t &. Myera 1S1
lyOOlVO Ce 18 H
Left Candy H
Lcrlllnrd Tobacco .. ,.,14V5
Mnnati Sugar 31 H
Manhattan Kiev ruar. 40(4
Market St Itwy 4J4
Market fit Rwy 2d pf. yi
Marlln Oil 30V4
Mexican Petroleum .. JS
Miami Copper 33 H
Middle States Cerp... 18y4
Mid vale Steel 2S
Minn A St Leula 7J
Me Kansas & Taxah.. 3yi
Me Kan A Texas pf.. 2K
Missouri Paolfle ljt
Me Paclfle pf 4Z-y
National Blseult pf...H0J
Nat Enam ft 8 3H
National Lead 78
Nev Cen Copper 13
N O Tex A Mex 85V4
New Yerk Central.... 78H
New Yerk C A St Ii. . . 84 yi
New Yerlt Deck 37
New Yerk N II & H.. MM
"New Yerk Ont A W.. 22H
North American ctfa. . 40Ji
North Am ctfa pf . . . . sH
Northern Pacific 7GJ4
Okla Pred A Ref 2i
Owenn Uettllnu 38
Pacific Devcl Cerp... 11VS
Paclfle Qaa A Elee. .. 87yfr
Paclfle Oil 3T14
Pan-Arrier Petrel .... 43',4
Pan-Amer B aeji
Pennsylvania n R.... 304
Penn Seaboard SteeL. OH
Peeples Oas Cnlcag-e. 81H
Pere Marquette 30
Pere Marq prier pf... 88
Philadelphia Ce 3t4
Phillips Pet 20
Plerce-Arrew Moter.. 10
Pleree-Arrew Met pf.. 22H
Pierce Oil e4
Pure OH 20H
Railway steel- Sprimr. "4V4
Ray Cen Copper 14ft
Rcadlmr 71 Ji
Reading 1st pf 43
Reading 2d pf 4.1
Renublle Iren A Steel. 83
Repub Iren A Steel pf 81 &
Republic Meters 10
Royal Dutch Amer... 4814
St Leuis San Fran... 23
Santa Cecelia Suar. . 2
Savage Arms S
Saxen Moter 2ti
Seai-a-Reebuck 08
Seneca Cep Cerp 104
nneu Transport 8214
Sinclair OH" 2014
Southern Paclfle 70
Southern Rail 20 14
manaard en of N J pfI0714
Steel Tube pf C714
Ktrembe.rir Hnrli fjeii
Studebaker 72
ouemarien ueat Cen). 414
Superior Oil Cerp 8?;
Tenn Cep & Chem.... 7Ji
Tcxaa Ce 3711
Texaa A Paclfle 22 J4
Texas A Pa c A r. . irt
Texaa Pac Land Trust200
Third Avenue 14
Tobacco Products ... 04
TOI St & West ctfs. 9fc
Tel St LftWeat pf ctfe. . 16yi
Transcen Oil 8t;
Union Oil 17-,
Union Pacific 131
Union Pac.flc pf 66J4
United Drug SB
United Fruit 108J,
United Rwy Invet... 8J
United Rwy Invest pf 10
United Retail Sterea. . 8114
U'S Feed Preducta... 12 1.4
U S Ind Alcohol t 4414
U 8 Realty A Imp.... 82'4
U S Rubber 48Jj
U 8 Rubber 1st pf.... 00
U S Kmelt & Het 31
U 8 Steel 791J
U S Steel pf IIOSj
I'tnh Copper 6314
Vanadium I'erp 304
Va-rar Chemical ... 20 J
Vn, Iren Ceal A Coke. 77
Vlvaudeu Inc b',
Wabash pf A........ 31
West Mar!and 2d pf. 17
Wtatem Paclfle pf.... 0214
West,nghouse K & M. 44
White Oil Cerp 10
Willys-Oierland 8Jj
AVlllys. Overland pf .. 2U
Woolworth V Y llsii
Wright .Vere 3 a;
SB
OH
tee
4114
37 K
7J4
181
1814
H
144
31J4
4014
14
814
2014
02H
33J4
13 K
2414
714
114
3M
1014
41.
ile
84
7
11?
8414
7a
8414
3814
14
32 H
4014
3854
78H
314
28
1114
67
3714
4214
3814
38 14
!4
81 X
1014
88
24
28 M
fJ4
3114
OVi
2614
84
13H
71 H
4.1H
48H
81"4
81 X
0
43J4
33H
a
214
07J,
IP 54
3114
3014
78
3014
10714
8714
2914
7114
4
8
7J4
30J4
2314
31 h
280
in
61 li
05
15 Vi
Mi
17
121
OG14
68 ?i
10H
J
19
y
131',
43J6
62 14
47J,
90
.It
78 54
lien
-61
i H
29 i
77
H
21
17
1214
4414
J4
J4
20
118
7J4
1 :30 TJat
1. M. CTiM.
88 - 114
21 - 14
9H- H
MO - 5
4114 14
2814 14
87 H
181 -
'W It
144 - 3
3114- H
4014 H
414
814- W
2014- tt
98-3
23J4 !4
18
2414 14
7H yi
214
3-X- H
10J4 W
4314 H
1I0J4 ft
99)4
7
MM- K
8814 fc
78 - K
6414-
S54: "51
33H V
4014- 14
3814 ..
78J4 ii
3)4-, H
38 -' 14
1114
874- 14
, 3714- 14
, 4314 14
1 3914
1 8- '
! 054-
i 81 14
, l14- H
88 314
, 39)4 - H
i 38
, 10
, 3114- 54
. 54- 54
i 2614 - 54
84 - H
, 13H- 14
, 7tfi 14
1 43H- la
, 4314- a
, 81)4 H
814-1- 54
9 - 114
1 4414- 114
1 23M 14
2
RTa -
254- 14
68
ie',i- 14
31J4- 114
1 2014 - 14
78 U 4- J4
20)4 ..
10714- J4
1 6714 4- K
20H,- a
71H- H
454 54
K S4
7 ..
8814- 54
2214
31 J4 K
360 4-10
1 li
tit'-,- 2
e?4- 14
: 18'4 ..
S)i- 54
174 f 94
121 - 14
i 0014 14
89
108 - 1
1 )4 H
19
1 40H- 1
1 1214- !4
1 3J Ji
i 82)4- a
48
90 J-
.14
1 7834- !4
. 1104- ii
fi2 4 W
309a- .4
2ftj .
77
8-14
1 Ji
17
6214- ii
44-r 14
1 10 14
1 H ..
20
lis
? 54
Commodity Markets
GRAIN MARKET
Chicago, Oct. The wheat market
is very unsettled. While sentiment Is
mere strongly In fnver of the bull side,
offerings areunfl top prices are -till
heavy enough te scare noine of the new
longs te unload and Beme stop-left:; sell
ing was recorded at times.
Liquidation nppears te he at an end
and the bujing power en the breaks
waa bread. Repert of a broader expert
demand with 300,000 bushels worked
caused some buying. Kansas City re
ported a better demand for wheat,
hut Minneapolis market, was draggy.
Cash wheat premiums were Mca'ij.
Shipping sales were 5000 bushels.
Ct.rn was stronger in tone, there
being a lack of helling pressure Buying
power wan geed based en reperta of crop
deterioration and lessened offerings from
the (euntry. The cabh corn basis whs
unchanged. Shipping Demand wah sl"
with -ales of .'10.000 bushel reported
'1 he eats market followed the trend of
wheat, lluylng by a leial trader fea
tured the market early. The rash basis
was unchanged. Shipping salei were
20,000 bushels.
COTTON MARKET
New Yerk, Oct. C The cotton mar
ket waa less active at the, opening to
day than it has been, but continued
eaiv, with iirt prices 2 points higher
te is lower Liquidation was a feature
In connection with wire house and New
Orleans Mlling, and prices dropped
about fl points mere after the opening
In spite of trade support and niedenite
covering.
Receipts at the ports for tee da arc
entinmted et 40,000 bales, against
2".),S20 bales a week age, 27,174 bales
a vear a year age and 23,2p!l boles two
years age.
Tf m
Or teber
I bi
January
Mar.-h .
May . .
Ju
hM.
lnA
1( 80
111 A'l
10. JO
If. OR
lB.Hn
18 sr
Today a
epan
lt) ar.
111 si
10 :
19 00
16 HO
1 V f.
Hi 7.'i
Hi 3s
19 16
ar wag que'fd
NEW YORK COFFEE MARKET
New Yerk, Oct. 0. The ceffc fu
tures market opened 7 te 111 points
higher this morning en moderate cover cever
ing. The relative strength was noted
in .Inly contracts, which were the weak
est yesterday.
Late yesterday September was ncnt
2-1 peii.tR net lower en celling, attrib
ute te Kurepcan account, and it was
looked upon in some, quarters as lepre
seining hedsln1.- operations ngelnrt the
pun li.tsc of actual coffee lu Uracil. Thin
prtssure was net in evidence this morn
ing and what wnall hcattcred demand
tbeie wan. held values around ndddii.x
nheuf at the best point of the morning,
leeember selling at 7.1k and Mureh
nt 7 ItSe, or 10 iwints net higher.
Prev ( ln Or;"
Pteeniber ... 7,H0Sl 7.0(ln4
Mar h ....... 7.K8 7.lt.'.0ll
LONDON STOCK MARKET
Business Was Small Dellar De
scriptions Weaker Rubbers Flabby
Ijintlen. Oct. 0. nisappeintmct.t
ner tli maintenance of the Hank of
L'tiglnnd's into of discount at 5V per
rent caused an easier tone In gilt-edged
investment issues en the stock exchange
today, but trading in this section was
light. Trench leans were, steadier owing
te strength In the franc. Changes in
the oil departn-ent ere narrow, but
the undertone waa net geed. Royal
Dutch was 35?, Shell Transport and
Trading 1 B-10 and Mexican Kaslc 3.
Dellar descriptions were weaker,
moving with New Yerk exchange. Heme
rails were dull pnd unchanged. The
-haies of Argentine reads drooped en
the (ievcrnment's insistence upon the
cancellation of Increases in freight ratca.
Tl.i Industrial division was neglected
and ensj. Hudsen's Hay was .IVj. Rub
hers welie flabbv hut quiet. Knflirs were
viak. but operations wire profeslenal.
Senerally the market watered and
busings was small.
BANK CLEARINGS
Rank clearing t d , mrared with eor eer eor
rmpeniJlnr day lint tivu fara:
rti'Ii JBfl.fiOii.fiftft Rn(i'!;7na ite'-mh'tsi
'-hlnaeu flS.OOelMO 111 S30.1I10 ''"ls-7s'
Haliu . 12.1T2. 58 ln,(H7 Otin
II st'itf 46.681,1)89 lii.in 71H
N Yurk (130 '.'00 neu 774.41H M7 S75.'48'l.8i(l
DIVIDENDS DECLARED
Pednral Husar Iteflnlnc C'nmpany. nuartar
l la4 pir cent nn c .inmen and 1U nr rent
mi tin fcrrnl, lmili illflnfl raral.lfi Novun Nevun
trir 1 te itnck of racerd Oftetwr 111.
Mulllna Uedi f nrporallen. quarterly 12
1 preferred, ratable November 1 te atecli
ncerd Octeir ir.
U. S. Certificates and Treasury Notes
Int Maturity
"jy Di.'?f,, .J'l'1 AnkcdTleld
8 Dec. l;i 100'i I00S 4 OS
5H Fab , 11)22 100 7-32 100 11 32 4.B6
!5,. J!r- ifsS 100 3-82 100 7,82 4.41)
.!!! ?Jar J!SS 10 3"lft 100 ! 4.02
1'flH Mir. 1022 . . ion 7.10 101) 0-18 4.40
3JJ June. 1032 . Ui0i ine'fi 4.70
'Zt "" JS?2. 101)8.18 109 7-18 4.08
!;'. ?"' Ps? leu 3-ifl ioeo-in4.oi
t; June 1J3J . 1013-18 1018.10 8.38
t'.iS Hep.. 1324 100(1.10 100 11-18 6.28
Kximpt frnrn Inderal normal Incenia tax
tAcceplable for payment of Income tax due
nn data of innmrltj
Receiver for Rubber Cerp. of America
New Yerk, nn (I "-Edward II Dur haa
Veen kppulnttd reeelier tn equity for Ihe Rub.
ter l eriyjraiinn of America by Judge Mayer.
In tlie I nlird Mulfi, Dlalrlct Court. Mr
Puar has ben the creditor!' repreaentatlve
for the it atx month! In the company's
tffalra. The eult leading- te Mr. Dutr'a ap
pointment ae receiver wai brought by the
r.cniltahle Trust I'empany en a claim for
170.043, dun en a promlsiery note, Th! bill
of complaint allege that the company'! lla
bliltlea are about (000.000 and the aeieta ap
proximately 11,080,000, but the company
lackii realy reh te meet Ita obligation!, and
creditors are eulnu for paymeni.
German Bank Statement
nrrlln, Oct . Tha atatement of th Int
perul K.tnk of Germany aa of September -0
ehnwa the following change! In marka.
T it a! reln and Imlllen decread 1 182,000
Beld ileereaaed 1000; treaeury inlea de-cri-aeed,
4D7.8B8.000i netea of ether hanka de.
rrij'iexl il. 080. 000; bill" dlaf-eunted Inereaaed
lfi.liUS 20S.000, advanraa derreaim,) 45,827,.
HOO lneatmenti Inereaaed 1 20 770. O00, ether
eerurltlea decreaaed . SIOB.Mn.oeo. nntea n clr
rulatlna Inereaaed 4, 023.84", (HiOi ,ieoeil m
ereaaed V.41T,142,0()0; ejhpr iUbUllle, a.
creaard 1.827,209,000) tl geld heldlnira,
1,023,70,OJO gia
CURB
SECURITIES
WITHUUT SUPPORT
Outside Intorest Lacking;; Trade
in Oils en Smalt Scale;
Mines Firm
New Yertt, Oct. 0. There waa a
marked change in trading conditions
en the New Yerk Curb today, manj
stocks early being In supply et conces
sions. The outside Interest tbati hed
bwn noted recently was absent, leaving
the market without any support irem
that source.
Tradinc In the oil stocks was en 0
smaller scale and prices generally f-haded
efT, but the declines were net eaten
tire in any Issue. Cities Servlce com
men ranged from 130 te 137 'A during
the forenoon, and Bait Creek yielded
from llVt te 11. Fractional losses were
sustained in Slmms Petroleum and
BkeUr Oil.
Industrials moved in tb same way
as the oils. Farrell Oeal reacted from
17 te 17 ',4, while Duma Bres. B stock
was quiet, with a small amount et busi
ness at 20tt. R. J. Reynolds B sold
at flOT4. Sweets Company at 2V te 2"!;
and Tackard preferred at 60. Texas
Qulf Sulphur was unchanged.
The mining stocks generally were firm
but without change in their position.
rXnUSTH.LAXA
. . . 1
jugn iiew y. i.
Acme racking lt 1.. 1 .
Z9 3V ZVH
p 11H 11H IIS
rrult. 6U 64 BU
l.H 1J4 IW
A .! .4tt
nt m
614 Bit nil
-.---. . ..... . . --
L 11 e pr ue
nurna nrea 11
Urlt Amsr Tcb coup
i,aiirernia uruanen
Columbia Emerald
i-entinental iloter 4
TCmDlra Pnv1 . lfl
Farrell Ceal 17
Olbaen Hewell It.
imperial Tobacco
il e
68
120
0,
2
6
130
ee
AS
?.H
ew)"B-.. 3ejj a ajju
hafing".'! lA TjJ IS
let :lI :C
N J SUnc 120
Packard pref 60
Ferfcetlen Tire 68.
I'.aaie com
K J Keynnlda (new)
y weeta Ce
United Profit Sharln
lei uuu Huipn
STANTliUlD OILH
Indiana r I, 83 S3 R3
BlaiTl Oil of Ind 72 724 72H
INDEPENDENT OILS
Amer rual 31 31 31
Allied Oil 4 4 4
noens oil an r.e - no
Heatpn Wyoming 81 70 80
Carlb 8red 4i 4H 4H
Cltlea Hcr1ci (old) 180 137J4 187H
Citlea Servlce "fl" etf a... IS 4 18' 18V4
Cltlea Bervlca nraf .
Cuahlng l'et
Dominion Oil
Klk Ilaaln Put
Knrlne-rn I'etrel . . . .
Kay Pet
federal oil . .
ir.,t.... -. i "
Glenrock Oil iX
84 83
ID in
ft ft
30 2R
2
If A
";
1
is
H
1.1'i
40
US
IA
10
18
h
18',
40
118
ltV
14
1
14
Iludaen Oil
imperial en
Inl Petrel . .
I.lvlngaten . .
iyenn ret .
Magma Oil .
Merldarr Pet
Mexico Oil IA
New Mexico li
Neble is
rennek Oil 4U 4'4
ITeaucera neflnere 4V 4'i 4',i
8alt Creek Pred im 11 II
fllmma Pet 7 n4 tlU
Hkelly Oil ... r.U r.2 iC
Texon si de n
juney ei f,3 a:.
Victeria Oil new he 8(1 !,n
Western Hiatee 1.1 43 13
Heuthern P 4 rt 2' 2't ',
MINIMI
Alaska rir Columbia ... 42 42 42
tig tadga 30 .14 3r,
Jloeteii t Mentana i,v J,
Calumet A Jereme 14 14 11
lanmla I'epper 3'1 33 3t
Canen ItUer 3S as 3S
( epper Can j en or, p.-, pS
Cortex silver SO se 60
Creseen Oeld IS 1 ' IS
Crackerjnck 1 ) 1
Dlvlde lSxt 2 211 ju
El Salvader 17 17 17
Kureka Creeeus 43 3i 40
Geld .eld Florence 47 47 47
Oeld Zene is is if,
Harmlil Divide 1(1 10 m
Hellinver 7 nv n.
Hi-rla MlnlnK 41; 4lt (ii
Jereme Veide 20 13 15
MtKIn Dur () "(i 211
MncNamnra ... 18 IS 15
Mugm-i Cepp-r 221; 22' L'2
Mether Ixiile Clt 4 4 4
Natlnnal Tin r,t ns n,
Neada Ophlr 9S ss 3
Tltti Mt Shaeta 33 33 iin
Itay lterculea ., 23 Se 21)
Hex Cens ! u 10 10
Tortepah Divide 74 72 73
Tonopah 15xtnelen 1 A, 1 ia.
United Kaitern 2A 2J, "3.
Yuken Oeld iv l" jC
BONDS
Allied Packer fla 44 45 4s
Amer Tel 6. 122 DOS t'OVi UOH
Anaconda 7a. 11)29 0SU n&l U8lI
AnsifAmrr Oil 7Ha . . ..102 102 102
Armour 7a 100 nut; no
Heth Steel 7a. lf22 le(i"4j 100' 100'
Hth Hteel 7e. 1828.. .. OSf, )hU nsl,
("ena a 8a lOflti KK)ii Ifini,
Cene ana 7, Dalte .... 1)7 f,7: ;s
Copper Kxpert fla, 1P24 .1014 lOl'-j 101'J
f'eppar Kxixirt b. 1028 102S KJ2(I 10'J'I
Galena 7a .. ft7l 0' Olht
Oranrt Trunk 8H a . . . mi (in p;i
llelna Ce 7 lO0 100S :ou
Ilumble Oil 7s tiss !, iini;
Kennecett 7a iifii, (ifH- n,;iT
Uhbj- McNeil 7a ... i(d imij iflii
N Y N It A It 4n r,7? .-.7 B71,
Otla fiteel Sj . ii!i pn 1111
Solvay Sa ion 110, loe
Southern 111- 6a . . OS', 8 t)85i
Heuthwaet Hell 7a . 08", (iri, nail
Htand Oil N X 7e. 1020...103J 103'J liflC
Hun Oil 7i 04 04 1)4I
Bwlft & Ce 7. 1023 ...,100'i 100 100'.
Texaa Ce 7 100 mew 100V4
United Drug 8e psi. ns eh3
Nn n7 Havana "Vii ... 1171 e7ii 0714
Vacuum Ta . JOaW 10314 103U
Weitern Uleili IOO', lne'a 100
Wlncheater 7Ha 02 02 n"
Argentine Hep 7 out oel, 00H
Amoskeag Profits Lewer
Fer the year ended Mav 28, 1021. the
Ameekeag Manufacturlmr I empanx ahewa
pet profits, after erpeniea and lnenerv d
iuatmenta. of 11.272. 647 ue compared cith
14.3(18. 018 In the provleua year. The eulei
for the year were reported at 181, 287.074
eciinet I8U,8IH,D8S for 1020 Cen nt man.
!.,.,s.t!,1i,,-" ,"h0,w"f,,?. h.av:,yi.rr;'''?'i Tem
in.iiui.wiu ill m.u lu ? i-. 041t in IP21
while llvldnri paymenta vere nhewn at II .
684.800 in 1020 and S2.821.flne In 1021 I)V.
ductlen of dividend! profile left a deilpft fOP
of 12.634,118 reported In 10VO uri-iue
BAR SILVER
Dem"tl'- bnr ellver im unchniiRixl Bt
OOVie per fine eunce In New Yerk ledus.
foreign. t'iBlic, a d-ellne of one iem f(,
Ixinden the price wau d iewtr, nt ll',i,
DEMOCRATS TO PICK CHIEF
Camden Count Committee Faces
Warm Fight at Meetlnrj
Leadership of the Camden County
Democratic niecutive Committee will
he decided tonight at a meeting te be
held at the headiiuartera,
A warm fight Is expected. Judge Hu Hu
delph S. Ayrcs and Bridge Commis
sioner Samuel T. Hhny arc both candi
dates. They ntc opposed by Jehn J.
Tlschner and llliarh Cleary, who de
dare they are candidates because Htate
Committeeman I'dwnrd H. Kelleher
home tlme age declared that lawyers
should net held nil the .lobs.
A chairman also will be selected
tonight. Among the candidates are
Mm. Hese Whittle, of the Fifth Ward ;
f ft.,,,,.. Tfi-tnn,l ,f 11... S'l-.t.
-,i J . " HI" .MUlll
Mrs.
Ward, nnd Mrs. Anna
Byrnes, of Oleucester.
Chccsman
SENATOR VARE TO SPEAK
Will Make Address at Scheel's Flag
Raising Exercises
Senater Vure will deliver an address
this afternoon nt Sharswood Public
Scheel, Second and Wolf streets, when
the flag, recently presented te the school
by cltlxcns of the community, will he
rained The flagpole is a gift of tlie
Khetalinc Pest, Ne. 00, of the'Araerlcan
Legien. ,
The police band will furnish music
and the school pupils will sing pntriutlc
Mings.
Brandywlne Bridge Is Closed
Wilmington. Oct. 0. The iiri,K0
across the Brandy wine ut Eleventh
t.trect has been closed te heavy elilcu
lnr traffic by order of the county en
gineers. The Inspectors discovered de
fects in the bridge,
Bank of England Statement
Tendon, Oct. 0. The weekly statement of
the Dank e( Rnglnnd shows the following
changes, Total reaerve decreaeed" lUo.l.uei),
circulation inereaaed 604,000! bullion do de
creneed 820; etHer securities Inereaaed
44 434,000, ether deposits Increased 422.881,
000s publia deposits Increased 17,083.000!
notes reserve, dec-eased 694,000, Government
securities Incrensed 123,181,000! the propor
tion of the hank's reserve te liability this
week Is 14.4) per cent Last week it wis
18.01 per cent.
Mlnneeapells Reduces Discount Rate
Minneapolis. Minn.. Oct. 0. The Federal
IWltrva Dank of MlnneapetlM has reduced
Its rediscount rale from 6'i tn fl per com.
Itaductlen In rate wna followed by prediction
by Minneapolis bankers that tf IdiuliUtlen
from the country la continued at present rat
for ten days or two weeks commercial banka
will fellow the. lead of Federal Iteserve and
reduce their lata. The tenrmerclal hank
rata new la 7 per cent and expected te be
reduced te 8H per cent.
Burns-Farrell Merger Approved
New Yerk, Oct. 0. The plan ter merging
William Farrell A Sen. Inc . with Hurni
llrethere was formally approved yesterday
at meatlngs of the directors of the two com
panies. Special meetings have lilwm cal'ed
of th stockholders et Hums Drethers (or
October 81 nnd of the Farrell Company for
November 1 te vete upon the merger elan.
Copper 8teck ft......,
Washington. Oct. 6, A ,.. L
alneka. aa of an.n,i..-'. MrvtT al .' !
available of 403,081 short i22',l M
pig .eoprer at the i.melters aa'a0'-. Mi
today. Niarly ene.hair ..? r.n!l.(
however, was held n trust '!. InSl
Kxpert Association "held ter ZIJ1 SSj
tne statement said. r sjjK
Liverpool Cotten
T.lferpeel, Oct. 0. ..Spot Pi,A. '
today with pr Ices easier or. .s-"! hu
decline of til points for mladihT3 k,li!
The sales were 12,000 bain 'V Iti-i
were lOOf) bates. Including Ve0 ffl' hift
can. Future were quiet In is. 'MI
Ings. Wpet prle-s werei Arnerlel,,r ?
fair. lC37di geed middling, C'.WltV,
m.ddllng, 14 07d: mlddllni- ik'K tTi
middling. 12.47: geed erdlnarr V7,5J fl
ordinary. IQ.BOd. ra'nry. i,,, ItJ
French Bank 8ttmnt
rarti. Oct. 0 Th weekly aui
in uanK ei Tarrce shows isr .T" if
changes In francs: Otla i MI', I'i'irti
208.000! allver In hi7d Inwew'S?!,
notes In circulation Incr.. VT3. JlliZ
treaiury depeilta tncreae.d li oea.,,,1-
depejlts decreased 147.748.uei. vj.fW
counted decreased 188,880 oeei'.J"''.f,
creased 101.028.000. The T b.,r"M it
800,000,000 francs te the Btate. '"T
United States of Brazil
5 Sterling Bends
TWO Brazil Government Bends Payable In
Sterling for the Cost of ONE Payable in Dollars.
Annual Yield
7.60 te 10.02
Maturity Profit
Over 100
The advisability of purchasing bends payable in pounds
sterling is shown by the following table.
The purchaser benefits by any increase in Sterling Ex
change and the bends return an annual income of
7.60 at the present rate of Exchange.
4.30
4.66
Assuming a Price of $970 per 400
Maturity Value
$1600.00
1720.00
1944.00
With Exchunge at Annual Inceme
$4.00 $80.00 or 8.25
86.00 or 8.86
97.20 or 10.02
Preai
$630.00
750.00
974.00
Circular and Price en Request
THESE BONDS MAY BE PURCHASED
ON THE PARTIAL PAYMENT PLAN
Established 1 880
1422 S. Penn Sq., Philadelphia
Members of Bosten. Chicago and New Yerk Stock Ezcbangss
4-
Mexican Gevt. Bends
and
Mexican R. R. Bends
Guaranteed by the
Mexican Government
All Issues
Bought Sold Quoted
A. A. Heusman & Ce.
New Yerk Stock Rich.
New Yerk Cotten Eiih.
New Orlfans Cotten Kx.
N.Y. Coffee & Pugar Kx
New Yerk I'ruduca Kx,
Chicago P.erd of Trade
Asnecifttn Mi'mbers of
Liverpool Cotten Ass'n
Members
20 Bread Street, New Yerk
niiANCii errii i:s
2ft West S.lil Mrevt. Intk
Liberty lliillillnx. riill.ul Iphln
Woodward lliilldlnc. MusliliiKten
AinMrrilnm. Helland
I"
I BOU
Ut
Spruce 8200
BOUGHT SOLD QUOTED
U. S. Treasury
Certificates
All Issues
SECUniTIES DEl'ARTMZM
Commercial Trust
Company
Bfember Federal lUservs Britea
City Ha,ll Square, Wait
r
n
HOW TO CONSOLIDATE
INVESTMENTS
Thtfre Is a certain plan by
which Investments can be
renimlldatf-d se u le con
dense the dividend return
and profit pemlbllltli'S of
many stocks Inte one in
vestment. This plan Is especlaly adapt
nMe te the prraent market
If you want te knew ali'iut
th ninny advantiiKni It of
fers, wrlte for I'lan 11.
Edwin E. Kehn & Ce.
Mtmbert Consolidated Stock
Exchange of New Yerk
1522 Walnut St., Phila.
New Yerk Trenten i;uten
I'lltaburali WllinliiRten
I'eltsvllle
Pennsylvania R. R.
Equipment 6s
due Jan. 15, 1S28 te 1035, Incl.
Prices en Application
issued under the Philadelphia Plan
E. H. Rollins & Sens
1421 Chestnut St., Philadelphia
I'henn Spruce 510(1
Hotten New Yerk Wilkes-Barrt
Italtimerc Chicago Ban FraneUee
isxrnniKM r.i it umti'kf. man.
controlling iiredunlun sellinit cirmin cirmin
tiatlen 1'redui Ink :imi net) ir an
num. WnntH fn t . mi. i ..in., ,au
It J.I. An eni 'liviiii; in wood
working; plant i an mt num. ,,, ,mllk
operation.
A 235, I.l;il(iKH ei iicp
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
,1080 UEAL ESTATE TItUHT llUlli
Investlaate and adjust corporation, and
tax' ni".tllrn.?CC,UDU DI Pr,"ri fiwS!
Argentine 2-Year 7s
Te Yield 7.2Qr
HARVEY FISK & SONS, Inc.
k.Biiu iiue mag., rniia.
"oateii
Nen Yerk
tlilcuge
lluflule
CenscrvativeBnvestmentt
MaoMeekin &Williamson
,rfnOAU ANU HANfiOM HT8.
Member l'hUS, HtecU I'achaiise
.ju- m
I WE OWN AND
OFFER
Conielldntcd Textile
i.i Mir. a. inn
& 00 te jlrld 8.10
Fetvnrs llres, & Ce,
11 ,m. fl m .n.e I i
II .D. .,11. r. OB. iu I '
WVt tejMdS.OJ
(closed Mertgum) !
II ITJitn lsaues are well niril
II and are tax exempt as te nor
mal Federal Income end
Penna. Htate tax. ,
WlDUtrr LM.PNIUDttmA
J 1 JwVSntdtEiit- . '
f ) mwww nituaTn.sa fr.
U hUPJ S I Iklii81l
yjjjlffl Te Yield
Closed Mortgage R. R
Bend
Due June, 1934
A direct closed mortgage ea
404 miles of track.
These bends underlie an issue
of Genernl A; Refunding Mtg Mtg
Bends, sufficient of which "
reserved te retire this issue or
closed mortgage bends.
Balwr, Ayling & Yena
JOSEI'lI W. SWAIN. Jr.. llSBH
Land TltU Bldf.
Bosten
Phllad.lpMl
Invester's and Tradert
Hand Boek
Call or write (or a FREE cepgtt
the latest issue
SMITH, REDPATn & CO,
lemher I'lilhi htnik Kfh"
1521 Walnut St, ThiJa.
Ffaenesi Bpruee ea0 Bate llll
C. S. PATTON & CO.
811 ti C1IK8TNUT STB.
BANKERS
fiAII.EH St BTKVKNSOS
lenda and stocks bentht "!"
Mrmbera riilln. a,.i. tf.ehssrf
llenii.
A wel -known New Yerk KlecK pfJJS'J
Heuse handllns acllve and Pul' . Vfrl
ln.nl a. ,, villa r.Ma-- ...I nnDOrtUal,fl UM
ena or mers bend salesmen "'V.ruWHl
follewln territory! ..ancajter, '"HtH
Wllllamspert. Headlnr, Pettsvi"' Tl
Couth Jsrsey and Eastern Htere, ,q
July (vtj' b.viiwiu
f'
lci 'r; -.
,
-f
!&.,.