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EVENING PUBLtO LEDGER-PHILADELPHIA, , lUKSBAl OC'fOBEIi G, 102l
2i
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I '" A ' ,l . n
eHUSCT. SWMWT fc CO. CUSSSWTf WHeS MUn.mMTkM.M
l"M tE3 i
V -T5" rrmnt Tendencies In th Coad Mttfat. I
: trite., :be jrtri . i'snvr.rsyrriS: H
5 & gib wJij s-iirviirrr: E?rriiJvza,r2 1
-wmrnin r--;s"'-ii w. !. Z7 ,' II
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Ml l WWi t Vm r n. ; h I i1i ri ra 1 etu" "." y M lis ij
1 u 'S;iS'"-. --z----,Jm Ui
The Solution of
Your Investment Problem-
may be found in our current Bend Catalog
new ready for distribution
Current Market li you are undecided with high yield, you will find suggested a
about immediate investment problems number of carefully diversified selections
you will be helped by the comment en for the investment of funds ranging from
prevailing conditions in the bend market, $500 te $20,000.
based encareful study and conservative Systematic aAccumulatien-K you are
viewpoint. interested in a plan for systematically
Helpful Suggestions ll you are seek- building up your investment holdings
ing te employ idle funds, or te exchange and investment income, you will be grat-
bends nearing maturity for longer term ified te see hew easily substantial results
issues, you will find detailed descriptions may be obtained under the Halsey, Stuart
of Municipal, Industrial and Utility issues 6? Ce. Investment Plan,
conforming te your needs as te type, nja- gencral InformatienU merel
tunty, denomination, salabihty and yield. ant reliabl inormatien enythe curreni
Diversification Ii you wish te knew bend market and te widen your knowl knewl knowl
hew te properly diversify your bend held- edge of investments, you will find this
ings se as te combine maximum protection new publication well worth reading.
Call, phone or write for Bend Catalog PA-25
which we will gladly furnish without any obligation
IB ff EL O EL. Yj
STUAR
INCORPORATED
T& CO.
Land Title Building, Philadelphia - Telephone Locust 4820
CHICAGO NEVCYQRK - PHILADBLPHIA DOSTON DBTROIT MILWAUKEE ST. LOUIS MINNEAPOLIS
H-HTH""'"-" '''J " 'T,"
NEW YORK BOND SALES
A.dmi Exp 4i
.2 CO
m'n Aitr'e 4
Ch 7tta
1 00t
4 .... 00 U.
fl & IV K it
2 70?i
Anin T A.T el.
1 84
Atnn TS1 Ji
1 8BH
1 H8H
1 .... 88U
1 88U
1 89'k
Amn T & T fl
sales in tiennl
102,
102V.
102t
102H
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net Tun'l 4V4'
2 .... 80W
On Canada 20
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7 0.1
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nes
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Utah Power ft
Light 6a
1 . .. 83S
Waeaah II lat
1 88U
40S Weatn Klee B
41 I 10 .. OS'i
tm,Waat n Mil 4t
2 . BBS
2 . BB'd
Wn l'acifle 1"
1 .. 80,
00"
09 S
00 i
U 8 Itul) 1U,
Duq Llcht d"
19 102i 1 OJi
ivrle uenl Lien
1 43
ra Jtep r b 2 43
8 72!J''.rle IllV Ce 4)
1 72Vi, t BBS I
T k 8 l' K1 1. ... r.ssl
S 78UiTlt Jub"r Ce
2 78U i 8a ret a
B i 09 I
8U, 2 09S
S , oil Werth &'
8 Hi U City lat
1. ... 78 I 1 0051'
...... t".. ... ... . t X I. .. .. .
2 78i, II O'de 4, , 1.... J08H i'PelJ-r '!,,;
AtchT43Ft B 71 1.... 103H ' ' ?ertJ' , -
cv 4a i :t..i r.ifc niis 5.... 103 Liberty 1st 4V4s
1 72Vt, 3 08S, 1.... 103'.. I Liberty 2d 44s
A Ceaat I. clt, 2 08 1, N Vk Cenfl L. 1 Liberty 'M 4Kh
2 72 (ii-ne'l Ktffl B' Shere 3H liberty 4tll 4Vt (11
Atl'c Fruit 7 1 88K ,.2 r.3 i victerv notes .'11 s ll'l'
1 20 'Oene'l K!ec . N V l.lihi " K- "! "l" ' n n
Atlantie nefc i.... teiu r" 4 Victory notes 4-w IIP.
10.. . nS'iUV fnlen 0'i
B. . . si i r, ... ions
8... . B0 I . 102 S
U d llya Im't ' s 102'i
Ce El Wit a i i:iec
I.. fiT .vlfc ; -
V s n & I :.. a . 102 'i
" 024 1 1 . 10BS
2 . .. 02 2 l(WS
L" 8 Hubb'r Si i , 102S
1. 70; V U t. IJ 4'4
3 . . . 80 3
001..U h Itubbr Ti Wilsen r'e lt
ct 0'4
4 102H
2.... 102H
a 10.1
10 10S
l 103
Atlai Pud'r C
7,4 wt
2 09
3 oev;
t 00 4
3 00t
2 00 4
Unit A Ohie '
1 704
1 704'
I'alt ft O ,14a
1 884
3 8R4
2 884
I'alt & Ohie U,
1 ... ii! 1 714
".oeliear Tlr, Yk I.ltht II
nub'r 8l ' tr I'ttr 6a
2 ... 0 3 004
1 . 10.1 S'w Y N it i
3 . 104 Harfd 6
2 101 a 2 B34
Oove t r Hep 1 S34
7 4a re: N' Yerk J u
2 04 H' weat'n 4a
ie0i
Il'ish
ss.ne
m.es
iii.tii;
III. .-se
1.7
CH
40
40
SH.40
m.es
!U.tO
lll.ll!
n4.r.e
HI .48
f!i.:is
fin.sij
80",
80S
. 80 'i
1:30
I' .M
S8.H0
01.08
di. ni
lit .28
114.70
111. (11
AMERICAN SMELTING
LOSS IS $1,101,831
Figures Compare With Surplus
of $4,030,841 Firet Half
of Last Year
New Yeilt. Oct. 0. The Amrrlcnn
Smelting nml IlefininK Compare for the
fiv tnentht ended June 30, 1021. re
ports a deficit of $1,101 .SM . nfler tnxe
ntul fixed rharpes. rentnisti-d with n
Mf.rplns of .$4.0:in.11 In the correspond
Ivr half of the iireeeding year. After
payment of dividends the deficit was
increased te S.'i.20:!.P0r, ngairi't a sur
plus of MtO',101 a j ear age.
The balnnce f-heef of .I'Uie no. 1021.
showed total asfcts and liabilities
of Sinn.n01.a00. compared with .'5212..
4"2..'inj) a enr age. Current .nsetH in-elii-lid
S::.0.'!0.V.I2 cash. $2. 114. n.V)
Llhirty Hende, and $5,7Hn,011 necoimtet
nml notes reeelnlile, Utirreni llnellinr
included $1 1 ,07K,2D0 accetint.s nnd notes
pajable and Sl,n,"S,347 accrued taxes.
"All the properties of the company
nrc in CTrellcnt condition," paid a state
ment bv Simen OiiKBenhcim, president,
"and their management Is entitled te
much credit for the heroic manner In
vliieh thev have reduced and still are
rcduclnc expenses. The depression of J
rmneaul"
FOR SALE
SURPLUS WAR PLANT
ELLICOTT MACHJNE
CORPORATION
1111 BUSH STREET
BALTIMORE, MARYLAND
SEALED H1US ero wanted until Oitelier
28, 1021. (or the rale of nlacellaneeua it.-
liine 'ioela, etc., cenalatlnK et .MlilniK Ma
chine, I.athn. Iladlal Drlila. Traveling
Cranea, Heller, Cletierutlnir Bet, Florins Mill,
Emery Grinder and Steel Uulldlng. i
Fer Intormntlen. addreaa atnjve. I
OlnAUI) POINT HTIIKAdK COMPANY ,
hlnkliiK fund Netice
Bealed prrjimala for the a te fidelity I
Trust lempan 'iruHea under llie mertcage I
of the Olrarl Point Hlnrane t'einpany.
dnted April 1. 190. of p. r.iiinlnt number of
txinds Isaued under aald mortgage te Invent ,
the sum of $20. 047. 00, will be ifcelved et
lh offlce of aald Truatee, Kea 32S-331
Chestnut street, Philadelphia, until Hatur- I
il.i. October ISili, 1021, nt 12 o'clock neon. '
The right is reeer"d te reject any and ail i
tld.
1'IDELITT Tltr.iT OrAy Trustee
WM P. Oi;ST, Preside it.
ruiadelphla. Hcp'einber 2Sth. 10S1.
DUIilenils
Morosce Helding Ce., Inc. j
New Tork N V . Kept 20, 1021 I
The Heard of Ulrectera has this day . '
cared a regu.ar 'iua. iriy d.-. Idend of J2.00
l,r aliar- mi tl.' interrrd ft rk anl an i nlei
quarterly dMdend of 11.00 per share en 'lie i
common stock of th a company, pwil,,. '
Netrmbrr 1. 1021. te ateckhjldera of report!
at the clese ,J business Oetot-er IB, 11121.
KRANKLTN L. U.S'DKnWOOI).
Secretary
FiaiKRAL Mt'tiAH ItKPlNINT. CO.
October 4 lu-jl
The rerular nuartnrlv dividend of one aiiil i
00.38
SUMATRAPASSES DIVIDEND
End Payments en Common "te In
sure. Maintenance of Asset Position"
n.wx . . , ; . .. , ,. A, ii. : lliree euurirrs wr ceni il-r'ft en IIm. rn
l)!l.:S,nur,m,s"1(,ss ,'1 "' uc l" V1P , , , men shares and one nnd one-half per cent
of demand for metals, many of which
ere sellinz below the cost of production,
eau'ln; the complete shutdown of many
mines and the drastic curtnilnieiit of
production in thec still epcratinp. Our
Mncltlnsc and refining operations are
proportionately reduced.
"This condition is, naturally, only
New Yerk, Oct. 0. Directors of the , temporary ; In fact, n hlight improve
l..
in.,
n..
l 70'4
riult & Ohie s
2 78H
1 73
4 734
It A O Tel H
i.. . :,n
Hell Tclephone
of Pa 7a
2 10H
Tlkn Kdl Ce ,1
1 fit 'I
tlkn Hdl Ce 0"
1 (WH
Tlkn Edl V U
2 10314
Prien R T .Is
1 . . . 31
tlkn 11 T ct fia
3 S3
Ilrkn U 15 1st
300 70U
fl 70Vi
S. ... 70t;l
fn'lf Perel'm'
f.rp 04a
1 1 107"i
. ' unad'n Nthn
I 04s rets
- ... 101 1J
I 3 1011,
1..
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1..
1..
4..
1 .
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no."
r.
P4S
04 4
04 S
04S
04 S
0N
10 73
N VerU Siate
Itlys 4H
1 65
N rk Tel Us
1 00
Ot'JlN'fk A W n 4a
04S 2 77ii
114) .ertli Weate, 1
lit UIIT 7a
04", I 1.... IO4I4
Ot'1 1.... 104i
04
04",
04 '
04 t,
0l
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R B
00'i,
00 T4
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00
ens
00 ;
new
en,
nfi'j
oe
no s
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oes
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3..
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1
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1
3. .. .
1
1
1.
in
1
OR'i
US',
esi;
It.-.V.
l'.'.i
OSS
1.... 104 '
1.... 104H
N Pacific 11 ,ls
1 57',
2 R7Si
1 r.7
N J'acinc It 4a
10.. . 77
N Pacific P. 0i
I... 102',i
Oregon 8 I, Is
B4V
Dre-V R'u -j
Navl Ce 4 s
7 73
3 73'i
lackard Metur
Car 8a
3... . eas
I enna It It H
1 711
I'tnni R UMi
12.... 102',
1.. . 102
1. .. 102
n . 10J
3 . . 1I2'1
"enna It )l T.i
104
1 .inad'ii
1
Tn O Nth Rl Is
B.MJ ll'ere Maret 4s
I.
104 j 1
in;. O Nthn
American SunSatra Tobacco Company
yesterday decided te eliminate the divi
dend en the cemmiM eteck. Right per
cent had been paid since April 12, 1021,
when the dividend was reduced from
10 per cent. The directors at the con
clusion of a meeting, which lasted nil
afternoon, cave out the following state
ment :
"A general readjustment which nf
fected business renched the tobacco
trade somewhat later than ether Indus
trie. As a censciiucnre of general
trade conditions, the liennl of Direr Direr
lerH have deemed it conservative te
step the payment of dividends en the
common stock of this company in or
der te insure the maintenance of its
present nst-ct position."
The corporation started dividend
payments en its common stock en
August 1, 1017, with an initial divi
dend of 1 per cent. The total for that
j ear wan '26 per cent. Fer 101K it
was fi'li" per cent, and for mill. lll'JO
nnd April, 1021, 10 per tent. The an
nual report for the year ended July
31, 1021. showed a net income, before
depreciation of buildings, of $0.10,(137,
compared with n net income of S2.
r81,0.11 for the same period in 1020.
The earnings for the year ended Julv
31, 1021, were equivalent te $.".74 oil
the common stock, compared .with
$10.01 in the previous year.
The company is n large producer of
tobacco and owns four plantations in
ment is already perceptible, and we have
ever reason te believe that in due
course the 'imelting company will be
able te give ns geed account of itself
in the future ns it lias in the past."
Financial Briefs
81 T. Per Ma rat .v Amsterdam. Decatur County, (icercin.
Humble Oil 8C Refining Company
7 Geld Notes, due March 15, 1923
Total Authorized and Outstanding 25,000,000
eAffiliated with the
Standard Oil Company
of New Jersey
The plant and equipment investment of the company is ever
54,000,000 and the total assets arc mere than 110,000,000.
Based en current quotations, indicated market value of the company'
25,000,000 Capital Stock is ever 43,000,000.
We recommend these notes as an attractive short term investment
at present market
Te Yield Approximately 8.60
DISCOUNT HOUSE
SALOMON BROS. & HUTZLER
MEMBERS NEW YORK STOCK EXCHANGE
Cep'r 8a
1.
1.
1
u ,a .- ... n.i 1 .-I'liuuiuiig 1.1,010 ncre.H nineteen n an-
.1 ie.i, z .. s unions in unrilcn Ceiintv. i.-wm
a . . lO.-ts. .Reailnc Ce 4i ! minni,,!,,,. nnn ', , ."
:.; e'4 nt-Vciln, rct ! tie"H ,iM. Connecticut .and Massachusetts
1... 103I 1 . .. nsu I containing about 4000 acres.
. . . . ve va
1 . . . . lVft
I rnnce! 1 74 U
i anart'n S Ssl
5 . . . "0
ftl eLOa 1st
n " I
, e. . . . il
CM l.eath.r BS
hi... . sn4
Ctl raclfle 1st
I 4
i "rn
Uui u Man M
llOii 3 TO
lll4 1.. .. TO
IIO141 1 7014
11041 I 70
1104l 1.1 ... 70
nun
ns 14
!IH
im;
list,
ns,
Itp'c et fru
Kuy 81 l
B..
1.
4
11..
1..
Ill
iu;
lll'S
llHi
C A U cv 4Vi
2 7!4
3 70,
Ok 1 O cv Si
a r..ii
2 S3,
Chl'e All St
1 47 10
CM L A.t 34a 24
'luil A Stan In 5 . .. . fWH
1 . .. 43 S I ... V
M Central MlKle Dril A V
LIVESTOCK QUOTATIONS
... . 78
. . . . 7R
Inii'a, 8tpl (1
1 00,
Tnterb 11 T M
2 nn
4.
1
i 1
j "(.l
I I
4
I .
3
1
I 3RU
1 SRli
1 3ii
ii Q n'i
. 103 i3
. 103",
. 103V,
. :03 V,
IJrie 1st,
M.
HOT,
O '.' Is
. . ';
.13
mi
fll
nn4
nn
Bd'i
mil.
l
..
2.1..
10..
12 .
'' R1V,
I -M Atarln. rs
38 R2.
2 83
fl H2S
2.1 83
83 'j
tap UeM Is
1 84 '1
4l
clt
ie . r,7
Itecl. Il'd A U
I."Ufa 4Vjs
2 71
4 714
1 71,
3.. . 714
St I. I Mt 4 .1
n A O dlv 4i
1 71 '4
4.. . 72
1.. . 72ti
nun1 2 . . 724
ftni, Ht L & S V a)
' 'l'rsk'n Mil i-;Jat) Oeva't l
.!' cv f ',i l(sal) f(iv,
1 04 1. .-... (ln'li
8..
3 .
1 ".
8 .
10..
St L,
1 .
..
1..
1 .
4 H
, i hl.-.ie,. Mil
siP f.l 14s
1 .... n74
(' X Nirn a 4 a
Kan
in.
a ,
n.
c a h a.'
... 78'4
OKI I
HO'i
nn,
cn
n4
(ie.
nfi4
i In
.11
91
in
m
.10 i
ni
si
t
nnn , 50' ?,ct,n CATTLB Heci-lptB. If,..
jr0 linad. Ooed and chek. strra awj iar
llnes ararce: nprntnr steady ether b.sf
ulrI? n.n1In'?t erades ,b- .took alew te
ii '.' n."u k '"''' lra. HI '.Mtlti.AO, bulla,
inr Ie 2.1c lewer: bolema bulla lareelj-. 13 SO
V VV ''" "toads tu lewer: atecke-a
and feeders strentr.
IIOUS Ilerelpts. 28 One hiad. Falrlv
nctlje; I shls and light bulrhera meatlr 10c
.?. J"? '"",r- .eth"" "edy te 10e lower
than yesterdays nverac-s, top. 8.:,e. bulx
?,i&l?A '"iVvil?7 ,J- flea strong
iDtni't- f,ltriU I. til
fiHEBr-Tne'.eTpta. 18.000 head fat native
lart.bs epanlne strong te 2nc hlghe- no west-
Mr"la?r'5': ,,at !"'" n1 '"' lml)a
strong curly sales fat native lambs. 8
hli, S?ciL,r8iuP J .'00 te c ty biuchers.
choice. 07-pound fed Western vrih. it
1 astern wethers, 15. BO: fe,Mer la'mi,.
bulk
bulk
Th average price of twentv artiie In
duatrlel storks declined 0 4! pr lent ea.
! rdav te 70 40, while tuentv rallreada cre
0 an per cent lower at 73 70.
The Hank of England minimum discount
ratn remains unchanued nt is 4 p.-r cent
The mme of Patrick IV. Kelly has been
posted for membership en th Philadelphia,
tl'Ck Exchange.
.e.ulv'.r ,rnr.e,.?n.n0unr0 th" 0D"nlns of their
offlce ut 1C01 Walnut st.
.. r.r'int holders of binds of tl e Oh.e Stale
Iiell Telephone Company, uhlch U a com
bination of the Ohie He.l Te rphnne Tem
panv and the Ohlu Slate Telephone Cem
pany, te mature In this jear and In 19J2
will be, erferd seen an oppertunltj tfi ex
rhanr their holdings for a nv long-term
mnrtgaKe bend Issue according te Informa
tion obtained euterday
Tharlea Hamilton f-abln. for sir jears
president of the Ouaranlv Trust C.mp.iny
"i .0UV1"ri Vtard.iy nan eie, ted cnnlrman
or the beard of thai Institution, and William
i . retter, the present chairman was elected
president, ut a meeting of the Heard of Dl
lectors Directors of thn T'nlted Eastern Mlr
.nir Company declared a distribution of 1.1
cents per share, pambt en ictehr 28 te
steckhnldera of record at the clc.su of bust
ncsa en Octeb-r 8.
.. AP .'"matlenal banking conference mas
be held In this ceuntrv within n few weeks
for the purpose nf trilni te find tome wav
of Improving th situation of the lmccne.
tlenal exi hinges, according te the r.e
HM''e) en the preferred shares of thta com ,
pany v.111 be paid Netrmber 1, 1D21, te
atockhelders of record at the close of buel- I
ness nctelicr 21. 11)21 Trantfcr Iweks win
net i lese.
PIEIIPR J PMITlt Tr,i,.,
Are you aware
of the tremendous
assets behind many
securities traded en
New Yerk Curb
Market 7
A remarkable 40-paRe book
published by New Yerk
Curb Market gives partial
list of companies whose
combined assets run into
billions of dollars and a
great deal of ether useful in in in
formateonor traders.
WE will give a copy
without obligation
Ask for T. U. 199.
Jenes &. Baker
Members Neuyerfc Curb Market
Direct Private Wires
New Yerk Cbiriie tloiten r hlladelshia
Pltuburfb Detroit UiUlmere Clcrtund
"PHILADELPHIA OFFICE
Widcner Building
Telephones Keytene - Hace S8(il
BALTIMORE OFFICE
v 433 Equitable Building
Telephene: St. Paul 8451
ave your coal
fed
---:,- - t",..v. i'.iri mini'.
T-.'S: later sales yesterday. ; 20
early,
ou
rittahnruh, Oct.
SlOdO head Ixwer
jerkers. JO. 1(130.2.1
S0fflA.1
HEi:p AND I.AMRS- llece'pt.. (109 he.i.l.
" ".! i- T,en,fh",' 2"- 'P lmba. IP .(V
0. IIOOS - Receipts
Havle, S. 7.1 h-avi
lleht erl.ers ard pigs,
70 K St I. 4 8 Fran
103U I C T Hly Is Serle .4.
i hi t. Nwn Tn, 2 ... 74 I 1 . . .
1 lO.lli Kelly Sprlne'd1 4 .
4 ... 103. , Tire 8s 2
r It I 4. p fd 1
n
j
i
t
10
a aaaa.-... .
COMMERCIAL TRUST BUILDING
PHILADELPHIA
NEW YORK CHICAGO
Telephone Spruce 7591
'tic above Information nhi'e net suirantrrr has liren
ebtilncd Item sources vhiih e hrlieve te be acciirais.
BOSTON
M"Tm7TTTnTiTiiTiTi7nnTrM rn
IlitlllllllllMllllllllllllllllllllllitllllllllllllllllllllll1
71
70
71
71
1. . 71
Msale) 71
- 72i;
2. . . 72'i- i ejntj- t: r.
I'M f Sta 4i, & P Us "07
1 83. .1 .. ten
Oil A W I m K llelclum i
1 .... (12S 1-. .. 0.1
C2t K Deis rn
1
1.
03 J
rt.Hi
fl'l.
0S' 4 . 03 ,
fH St ' 4- S Kran
(D ferliia C
tS, .1 .... 01'
en
9Sli
lift
rhllu ( ej'r fl
tisdie) 7.1";
3 7il
. T0'
I BJlei 75 U,
Chile Cep r 7s
il . . Oil'.
i Mneie l!ee t'
iiu-K niv rts i
1 47 'N
1 .iv of Heik-en
rli i
.1 101
i 1011'i
1 101
i
i .
6.
He n ii
4
1
1
I
3
101
101
I'M
loot.
100',
100
100-,
lfll
101
I)
Sae Pa'ule
Ilrazll rt Ps
8 07
14 ... 07
ft 07
1 07
1 . . 07'i
yiub-d A I. aj
1 2.1 '4
2 . 2.-H1
S Al- I, 4s sta
1 53 1,
feab i! A !, ti
4(1 '(,
1 . 4il',
Sinclair P Oil
l-0ri 714i
r.,l?:,?t n.0,rn!!V e R r,TTI.K-n-e'pts
i . '-'3 " 0"1 "tf.tdv ri'i-es re.
celpts 20O head Aftle nnd st ijv t',11
HOOS lN.!nl. iron. I.... . .. . ..
snadj Heivy. m x! ard erl,-e II. -,i
Maa ??&', -"' reu'h' 7.'.I
h.'2i,EEr "A.N'n ''a,s - " p"
head Ijiml.s .rd v.nr, res r.0- h'jh"
r,lne .nH""" ""' '-.Mrllns. 3 10?. 7
ethers unchanced
Ne Chanee In Raw Sugar Market
New Yerk, Oe:. 0 t tlie oeen'nK of ih
silitat mr.et -his n e-r lr- .' "B.. "' 'D
ehntipe I,K in .... . . "'"' '"
tint noted jcsterdi.r Inquln- n-.n
Unlit anl irac nu ind c.i'ie , t ....i-.;
lequ.remeits en the Mf a; ,., ,
u..b. mere was ,e-j 'ltt
aurn at the tneirent mnn,!.,. li,.T '.
preleusly nel.'d ere In ism i..
-ri -
. i.-rr- . , h flt....
c,t-t f .L. .. ". .'- " ""
' "'""i ruicisn iMnxinc AsJeciat en.
Anneunrement ii mr.de yetcrdav hv
officials of the New Yerk Sleck Excfanca
that tradlnir In Continental c'nnds euld no
L"n.K''rJ bn Pfrmitte.l en the axchanne ,ftrr
h?!"? Tt" rrc"lv'r ' the corporation
has notified the cxehantre that In the inter
est of eennemy he purpess t0 close th re
latry office and dlsml-s the transfer aBent?
..lR.,,'JL, nr" curr:nt in the financial dis
trict that nesrotiatlens hae Nen lnaueu
rated between a ereup of hanking Institutions
and one of the Scandinavian countries f.ii
the estalillshment of n del nr tr.,iit n ln
t'nlted Htates hv the aid of .esn Such
neBotlatlens as have twen urderuken ire
at II in th preliminary slaves, but It w ou !
net surprise the financial dlstrlrt te see ur
a lean enme alnn- within the next few'
OOo'eOO Drebab'" : 1'" for about J.M -
miT.h-"i ""'.. T'irk .,Ht',rk, K""hanie has ad
mlttd te Its tradlnir the folewlnc a.curi
ties: Tne Luba ('nn' Sucnr fnrr..ir,in,i
1 -?
I Mtwtewm yi y si -
ASBESTAIR
I
.... ..,.. vi, ui crnincaxe (ir oepeslt for Its
ten year , per cent cnmertlb.e debenture
benJa. IM.122 140 of the K.vn--,. Se",
( empany's capital st-ick of Ile par anj.i
and 13.000.000 of the nr.H,kIyn L'Jlaen w':
ire
panv a 7 ptr
ei ser.es u.
cent Ktti
mettKdse bundn
from
.. Ii,
. nll.ma'ed aress op rat'iic revenues ,
trie .Minneapolis and S' t.nN ItallreMd for
the fourth v.e' of epteml'er vere I.T1 111 i
n decrease of 1-12 Hes compared with tli ie of !
the corre.iiendlni- lO.'n . k Thus the read s
Rress rrcelpts of ;il' u u-fh Nere II -1,1 .
lO". In contrast i tl Till J4l In ( -em
her 1020. Iih t--,,H r , -f tie ..
mne months of 1 1. -. 1 :i i ,,',s
l;rrei. of I.MO 4-11 t r,., -v-.-d with th u. '
of 't.e correjpend nt- l'i., .....-.),!
Pipe Cevering for
Warm Air Furnace
gives you a warmer house en less coal
F YOUR furnace pipes are net covered, or if they are
covered eniy witn a :3liNCjL,.E LAYER of Asbestc
PAPER you are LOSING AN AMAZING AMOTTMT
OF HEAT in the basement which OUGHT te be geinz
te your ROOMS ABOVE.
ASBESTAIR will step this less of heat in the basement,
drive it te the rooms ABOVE and keep the average eight
room house warmer than ever before en TWO TONS
lew coal per season.
ASBESTAIR is an air-filled, fire-proof Asbestos pipe cov
ering manufactured exclusively by The Philip Carey
Company and is -old in this vicinity exclusively by u.
Phene ui and wc will apply It for you; or If you prefer you can apply
It yeurtelf with a tape measure, a pair of licari and a little string.
It will ice you through the winter en leas ceaL
It will pay for Itself this year In coal saved.
It requires no care. It outlasts the furnace.
Can be applied while the fire is paing. Phene today.
Headquarters for the building and insulating products e
ASPHALT ASBESTOS MAGNESIA
"A Reef or Every Building"
.Mmkicem
wm&
eitefbe- enml'X" r '-e - et
and Leather i'empir it., up V-,he
b'-u th,. l,ir-t for an- n ..' n
It s rild '.hat the s'ip'u ler t!.
t- euiMnr Mil 1- eiiilarrt te i.
ar.d 12 ."0 t. share en the .nef.ri
vhtn th.. off rial tluures n- i. ,,
the early part of Nnwmb-r. I'r,
ll.e SepiHmtx- qiarler the inmpjl
ported fle cons, cutlxe iua ler v ic"
- M .'
i a
e-n j
lud
thesj
I'.irle lllce te A-bu. k,
Suar Flnancg remrrtfw ben mei'd te re
liner, wharf e and warehouses HltheJt
WVfL I'SI'J-"' ,b." "I."" '- ma .at
in ir.
Iricd,
Pea r fn -rm lntikr' i
l.'n te Ymr4 tv liirt i b
lh-j prlnr jml i iert
.yL.
m&
55-20
PHH.jw.imai'tm i.i.4.i.tJ t,. ,
EXCLUSIVE DISTRIBLTORS OF
rADCV D O l-M I s -r- -
swniu i rrvuuu I O
ROBERTS AVENUE AND STOKLEY STREET
PHILADELPHIA
Tl..- .,i .
iei. ,u;rv
I'INVNt II.
Tin: KfiriTAiu.i: ii i.t mi t:m. ,
MOIIT I'dMl'W OK I'llll.Vlll 1 I'm .
re re. l'litmi' MmtTi ,.i ii i- if, .....
.it... ..., .. .. i ---- ! ::7m. ' ..... .... .ii
cenn ten was itnui . T.V .., L"' 'l. ."" ' uiiui iiu.iu- in i. ikii
leflred
rmall elume of local limine?
u.i "' i...jr iarRer
....,K...,1J ' miM
alriiiier7t neln . " r,er ."', ,.""". 'r"m "n-
mi,li. ,Vi,:.:... ...":."". lumaiiens
for cash for fine crami'med
with enlv a i Netice la herein
re
ccn-
LOCAL MINING STOCKS
TO.VOl'.WI STufl.i
t -
I 03 i-j
1 I'.l'-,
I US i
i . rnij
1 . li.T..
2 . 031
a ii:iv
1001.1 S'll I'ec.fle fd
100',
nun,
KlOl,
1001,
CULVER and COMPANY
McmLeis Philadelphia Stock Kxvhanrjc
Announce the opening of their
efflce; in Philadelphia at
1504 Walnut Street
HRANCIIKS
I'Utsliurgh, Pa. Steubenville, Ohie
I'nitite it ilv t j. j. llau.vnmt X- ( eniuiny, :'0 ;en(
""'' N'a )"r,; "tu. mt'inlivrtt Xvw Yuri; Start: Uxrtiuiujv.
rt llVintiiis.t..i .
r-ll .. "'"""" r inicslment
Gillette Safety Razor Stock
MKIII .S.'.-r;,
JosepKVWGress&Co.
1421 Chestnut Street
nfj,e.iifcnfa Atdred .(V r
v j.
PCNNA. TAX FREE
SECURITIES
PAUL & CO.
'.'rel'.i'JliL" H,eck Kchani
1421 CHESTNUT STREET-
BROOKE, STOKES & CO.
110S. riftfentli St.
riiikulrlpiviii
NNashiiiKten Haltiinere
. i tv Lhrli a f.3 tvit.Ktlem Den- 1
S.. . 101 mark ct Hi 3
1 101 1 . lii,lS'n i'u
! :. ii' i . iivit .
, (.Ity of Ceti.n- 1. . Ki3 1,
haicn 5'4s Klr.tileni ,ur-
1 80 way ct 6s
Clly Mars' w rt i , iiltii.,
1 SI'; 2 . lmm
C N' V i, 'OU'.C B.den tla
1 S7i, 1. .. fii
"ly 1'arls Bs i , , . . j,nt
- . 03.15, I. . . Miv;
Cliy .urch Rs, Laclede O Ce
5. . 101.,' of St I. Ga
(.Td Cln Chi ' a... Sn,
M i. mn 4s i. j: & w I,,
.1
11
ll
.-'n lla
S
1
cv 1
M
S'l
S3
iav ts
Mil,
MVi
M 14
n Hallway 5j
1 m
tand'J Oil of
Calif (ia
1 . 104',
l'HS
1 1114 1..
"'' 1 ... 81s, Swu'd Cen hs
0I1S Lake Shire M I 11G
01 'a S 4s "& , 1 man.
11 -l'l " '. . SrmTerin'l R P. A
4's l-.ilu-h Viil (i j of St I. 4.
TO'. , I . fitu, t 74
-0 3 . !ia. Thlrr. vv i
Cens d Uas 7 Le i Naan 4l ,1 Il."ii.
a '".I i . h;i
V HWVMnnh K'd Vds
C uluin Asm, 1 . 4flv
Sh Mkl Pt Illy Is.
t'rei.-r.t
ft
CI d i
St
1
I
R
Cuban C H r
1
n S
S ... 53 Murla'd Oil Sj
1" . nS 3 11.11,
ft . !Ui,,M Oil ar s.
" f4 3 . . (13
ntS -Hex 1'et'ni a
I 5 I
U'nmark (.en
f A S
1".".
j ' 10J
J as i4
is aii,
Trl Ct Illy d.
I.laht Si
10. 04
t'nlen I'ac cv
3 . . S8'v
Union Pac 4s
8. . RL'
1... 81 .
li.l i. I'nln i'uc ns
' f3ii 1 . lOOi,
ft Hftlt 4 i8Di-
Mld h O- ft. f K ti Iliila,
! TH1, I d Ui.'l
i ;mi, n. iv, ..-,
M.u ! i. S s , ,.
M 4s I (, i;,
1 . K0 I' It 1. H-ltt
M Htl' & S Hie A I d i(ia.
M il ' 4 s ri ' s 11 ns 1
N I'll'. 1 118 H
? 1 08',
(.i-h He
'"ji Duller
MHL.Vnmara
Ia"N"amara
Midway . .
M spjIi Kutenslun . .
Mentana
North Sur ...
I'ev nn Kijla
Tennpah Intention
AVeat I?nd . . .
AVis: Tonep.ih . .
PIVIlu; sre, K
. '.I D Mde
Alte I),de
ll-' hei ...
He!, ft 11x'ini...in
Hen ll.lr
Hreiuh l)n, I..
Iililile i:mhi)siiii
I 1 111, ( 'OIK
Idildend .
Kast Dlwda .
Ilannlll
UiishreiiiK li.d
lllyli rihlde '
Ivne
Henrr Duide .,...'
netm n.Mdi
I.esftla.
IjllMir Klr.B
Sutherland , ,
Tonopah l)i.Je . ' . "
Tniietmh Hashreui-k .
A'lctery Iilvld.)
Aerde DlMdl
.enu
K)i urir.i.ii ,r .
no:ii
t"'imb!nu en Trj , u
i' "uckerlu I.
IHiiiiiinddi-lil 11 I,
r leri'iue
ll.ildneld t,nn
llnlflflelil tlef liip.i ent
i.eldlM.I Deep
ilnat 11. nit
.'umbe ICxirns'en
Jvi'wan.iH
l.nnu Hiar .
O-e
lied Hills .
Ciller 1'icl.
.''riearlK'.id
I.
4
r..-.
ni
l.i
l" I.-
: -k
"4 UT
03 n.1
I'' .'ll
'il
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ti
ll I
I'.'l
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ill
17
D.I
t
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J
in
,IIT
A viure
( i.leder.ia
I. 'en .
1 mm.'i S
iv-rrl.-i i
r ir, Ui I loll
Hull
V..tl.e- M
v'in Ida H I
V ad '. n-Hrctesi
MlM't:i.lM;ei
i in
in
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ml
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in
,'i )t)
In
'I
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1 1
(II
Pi l" .
, Third or tne tnnr i,.i .N. n Y. 1 1 -I
and Trust Cenipa"' , ia i 1 r. t ruar- 1
tlut the underslKni-il .n ; iift. .
elv.i eeaird rir(N-sii u tn J P. M
tStli U.iy of October, lfi.'i. 'k- it,
I vf bends as ab i di .,... i , ,
nit eveedlnir the rn c In, nr 1 .
Interest aufllrVr ' i ch.iu 'n , ri
I3II1 3113 L'3. ll fT.'ii,'.- l,. ,,.,, i.
Trust, ie be ds uffrd a u uu.t
'frm rlsrht 'H lesi-rel ,. r.. t al i .,
lenders In m -u.e ,r in par
THK Nl:w AiiRK tHV (iI1'W
(urrnvi ?i lei.. .-... ,i: , j .,,
'..'l I i ,
tl V. r !HI' VIM., i-
Aasiit ii h ie-,1.
Dated N. Ti , utjle- il in.'i
i.AiiteiiK ( enm;i.i.-ah.i i: (Hi a
( tKi: (IM1'
I'lltsT MIIRTdAlii: '.'iIOI.vk fi'r
IMiIMi UMI 1.(111) I!(IM
NT!, i. s --b.- k ,. !;, ,,,, ,
IN, ..nl.ir.. r. 1 i i u ii f -t
Illfl's. if i.l'n J in. 1 I'll , ,!.,,',
Is re'-eixe,! a '-, .jH
'iirninn I jh '
ita'phla f ' - .
een I ei 1 i'i. I ,i
tends ll lOI Kl.l 'I
lr, the s.ii.., ;; un I
coed lu." .m.l iifi-rvi,
Is rc?ete I e r.'j. i t ,
'I'hele nr m part
Proposals a.ieul I I
Proye.sjls fn- the an
Ilt'llsvll'i. ("Oal & I'eke
n v- ., . .. . . ..'""' '.'-
iiir,vitr u .-lUK'ea Kill IJulJ ) ,,,,,
end lj pirsente.1 te lie u-n., . .iir-.e J ir0
Thun-dnv n-tuivr .n lti.M
COMMKHflAf TIUM'iMMI'WV Tr is
Hi:VI4Y C GIHSON TrV,hu?er
ll..
i ' ' ..
SUlli
11. 1 u
.1
l'1-.l
Ti
i-i
. r
i-i
.Men Who
Mere rs
T"W t- d "M -re -vs-ta. -ss
W . KM B f3 A
rv mi se i
W
an
iisiness
nterest
eci
i un,
:i'i7 ii
I.
" Hfct
' r ..., i -a; isa.s in
"i I a I niK'ke i
of il l.i, t rob- i,n
ei st 1'irsi Meri
i Annii il Aleetlnrs
a-M)HTiii:T.N paT'iik tr'i.t(A,r70-
"I I
jf
l'l.'l
i ,n-'i I
"rili. rn
I I
k
I NetlcO is l er;n e;
'i -elm; or n . 'n v ii,
t Padtle Itnllreail ( enipaiii
; Tlitiriti. Octelur 0. 'ji
' i nt S'e 3 4 Ni .. ui v
I i i . for the purpesn i f
IirereEs of ll rni.uun
I )nar and untu tre'r ucies.u-s
ami ier ini. iransa ll mi or aiM Hi,,M ,ha.
, 1" A 1 A- :
' :
i A
'Hue i,
f.l ni e
I
netl ii
're iiv
Maltinc husiness denstens today is
tcry Uifnrult became et the iry
complex situations nhich tenstantly
spunc i'p e.i .ill sides Thcse situa
tions are nt, et temetene lias al.
i.-ad (euiid a solution (or them.
Yeetrrd.iv you were confronted with
a sales problem, today a hit financial
problem raises Its head. Possibly you
are planninc, an advertising campaign
or are ubeut te icerganlte your ac ac
eeuntine department. Ne mutter what
phase of business interests you, you
will find ie.il bu:lness help in The
EXECUTIVE "Fer Business Men of
AfCiiri."
One er important drp,u tment.
'The Business Laboratory." venlines
Itself te spccuic piehli-ins submitted
Lj Miluti itiLii. If ou submit a prob
lem, it will be turned eer te an ex
pert who will five seu a solution, if
of suflitlent seneial interest, it will bs
published In
your name.
the
mae;jiinr, enuttinj
we will ffnP p irtlcular
OMcutive "en the wav
Then tee,
ttenticn te t
ip e -lull run special uiticles
whuli will show the miner rsci.utive
hew te secure the utmost for lumself
bv seeming the utmost fei his orcani ercani orcani
zalien. In all, the iiiagaurr will jjtip t very
businesi nun because of the hard
sense it contains Q twaddle
slush, but lett of real help
Just te intrndu'e Ilie EXI.CLTIVE
te ,i lurse number of leal businesa
in mi who .isk the ,tal nuestlena.
"What."' and "Hew"" nd "Why'"
we aie offering ., thri-e months' trial
subscription for tv.eniy.fn,. cents.
S.mply t, in the Leupun below and
n-ail te us with a quarter If you ate
net satisfied with the first issue, your
money will be icliindcd.
Tiega Steel
& Iren Company
Hiiny i'oienii""iiul
rspeiinicrtal nrul
in h 'un
In I W, i-
SPECIAL
TRIAL
OFFER
UKTritN
con 'en
TODAY
j UIODLE UUSINLSS PU0UCA1ION, Inc.
I 19 West d4th St, New Yerk, N. Y.
Geutfetnent
Ueiitltment Enclosed please find 25 inu. for which
ou l .,,d Tile EXECUTIVE for tli.ee i. uruh. II I
e net like the t.r.t number, you will refund my money.
AJdreis
II
i!
1KW
1 'll
m
1
iff
I'M
' i iliurh l OT
i I II be
I . 10J4,
3 in.1
I 103
i I
I r
52d and Gray's Avenue
I'h lidfliilila. P.i.
nm
'' 181
I mi
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiii i in
Tivepa Min.n
a nitu com .
Willwrt
"S
0 1
ml
"I
y
.Ju.
! JwiLaUsJL . HaLsYLm