wnfPptRnpip mscmrmmmmmmmmmm 34: EVENING PUBLIC LEDGER PI1ILADELPUTA, THURSDAY, OCTOBER 20, 1021 , ft i r 2 FURTHER RECOVERY I STOCK MNKE the Expense of Short Interest XHE OUTSTANDING' tact is that the holder nt Prn-FnvrefJ Sfne1f? nf 1'atienally financed Electric' rower Companies have come through the strain efI cfuraetc n-C ittni' irtnrll. 7. ... , ,l Much of Improvement Made at 4-trtnr. titif- Isri if n net! ni in. come. We efTer the Sr.e Cumulative Preferred Stock of one of the nearby Electric Power Cem-I Neu. Ynri, 0e, e. Vurthep te- panics -which at present price envcrv hh nn.ie in prices in tndie's yields an income of SAw Conference ia invited en any cur rent inventment nubjcct. HARPER &TURNER Investment Bankers Vemlm 0 ,ifniff'',i,fi Shi fri-hanae Stock Exchange Building ncranten Philadelphia ''" llnK NEW YORK STOCK EXCHANGE TRANSACTIONS A Yield of 8V2 10 for Eight Months with adequate security should prove attractive te these seeking snfe em ployment of funds ever a short period. Particulars en application Blodget&Ce. Real Estate Trust Bid?;., Phila. Bosten Chicago .Vv Yerk Walnut 1G0G Race 11G9 (Ji! J sPrucc 82 i I BOUGHT SOLD QUOTEP g IL Se Treasury Certificates B &KCIIUTII.S i:ri;TMi:NT U I Commercial Trust 1 1 Company 1 Member 1 rtlcrul Ueere "Mst m 8 I City Hall Square, Wct H I I We Uwn and Uiter j I n eld-line Riillriad Hurl BUaranteed by eUht Rillreads i , nt f-tCO 00 for a JMO) liend. I I I Lltertv Holds T'eusht , I and y(j cl I Widiner Bloc. Philadelphia I! MmieirPt&aMjMaanJ U' I u l'trtt Stock fixxAaiftr I I f MIWY08K CU'-ABtTH KJ f "took tiittrktt larpcly nt the ripen i et I tin' short interest. Whllp teehhipiil in flupupes plajcd a ifr iiiiiiertnnt part, ' "till tin- Imprevi'il tone f tin mur'tut . peuld llltci-. be accepted in tvllwtiiiK I rl'nti Im. ..niiMiletif i '11 tlin lu.linf flint tlu sti ki mniemrut Irul fiub-d. It was lpceutilycil mm h will depend upon the nntrei".!' of tndnv's pnnforpiipe nt flit -nge. but rending between tin' lines of t lit , annus advices it was frit that )..... .. ...... l.l.,- 1....1 '..- It 11..)...,.. .il .I...S 111711 Ill-Ill l.llll 1111 III.' 11 II IIIll (1 11 HI I f tin1 vtrlkt order, or ut h'list thi-i i ''imi1I be no M-rtiius intirrutitlen t I r.nlrenil tratiic In .ill pvpntM th"re was 1 1 1 1 "cm Maiifi' of t!ic ipnitinnni i-urri'iit i'oni'HMieiis in the Inte trmlniR jcitpr 1n . i iitlii'i- in ilu i'iiiitiar, tbe oi'ti ei'ti ilili t of llii liiarki t liKKttil .'onilil .'enilil I'lab'c iiionir-ei en tin1 jiait of tin lni t intii-pit te int !e ii eu'fta'iilini; initi niitiiiPiit. 'lliin ni laiKclj the ti suit nt tlw ih.eprj of tbi- li i f t nn of io ie io itlen mi til,- purl of rvi'riil of thi rmri' pri'Miini'iit li-ailers en tin- beni sub'. Tli- Amerini'i Sugar Kelliiins; anl I'ull '.in iliMiletiil iiii'lilr iitt ale miitrilmlpil te iiiiiki the sheri Mili iiiei i' unti iiabli' i nl im rpiii" tlu1 ili'- n te i-ewr. 'Ill" si 'Willi; I'entlili tn'i' nun rrnins an a ljii"tniPnt of tlip riiilreml labor -liuiitinn Iw feii'i'l rotlpptleii in tin1 b'tfr ti.ni in Imtli tliii potteti and Kiain iiinlirl-i. At t hi -ami tline for fer .irii ndinn;!' li'M'liiiM-il a -tPiidii rtPii il' hi j TIip im'I li'itewnl i alps vni I'xi'd nt llj i r i 'iii, but tin fm offer-ii-s of tuniN tn t'n' eiitiili' ninrki't 1 I pi r ri'iit tiudi r lli.it rati- fiin"-lmdui'd a -in.' ut i. 'i' elfir-i il i.'itp bfteri- tin- ! if l In- ""s-inii. nun i piju'rinllv in -w uf I'glit biiMiu; ili'inand n part from tllllt of tin' nbeit inti'li'M. l.riils of tlie ItlM .-tlllPllt pill"-.. Mil b ns Nnitlii'tii l'n ilu iiri'iit NnitlH'rn. Ki'niiii,; .i I'd lV'inhnnln M'Klstpri'il II'IS of 1 te l'.j pllllltx in tin lll'U.lll but iiimlPi 'tn ili'.il US" of tlu liierninc I Mi'i-lt .Hi. t iiiiin i nu ii Ne uerp pprci'p- tlhlj iii'ttir. nil"! fin foeil ilni"l')Il wii stiuiiil.iti"! b t'u' rti"ipr it Aniprlciin 'iil jr jui fin i'ii .May lirptirinipiit -t i'i s "'xii mb d 'tn irniii te I points iiml tin stnnctli of p l'ltnl sharps. mipIi a Weel m i lii. K-i'sjji', I'utti'rii'k ami j Mnnliiittiin -!ru. ..s iip'Meil te ii b'pt In tti-r bii-iiie-, pinsppits, Kaiiiinii j l'ia,''rs n Hi-inn -iml MtrfpiTPil, I'pe- i1"' iis ami A" mi I'-.priss also v,pre " inii i a! n - v .1- 1 1 nliiiP"! te Vir- i ,'it.in-l uelin i I'linual in tprred and Ni u erl; Aiibrak", ulni'li tli'i hiuil '-, and point-, n-spd ti'ly. PEXNSTS FIRMNESS A LOCAL FEATURE Ameriam Stores Issues A (tain Come Inte the Lime- light Tip firrniiPN of IVnnsMvaina l'.ul ii ad In aiUniifi of a pem' te !H" was t e niit'tnii'liui; fi'nt il'P of tin IephI 'nrli" P In ii'l'euml "a pa-il iimpi iIi'p te tin iinnutini'i'il levalu of! 'In iu:in ps en till' lllli's pn"t e'' I'ltts-I iii'i. iml wlibh at tlie mi.'up tlini' wail i" pi ptp'l ni nnetliir stiaw in tin- wind I i'i tuiPiiiailen inc tin pnrlv pel'apsp of I r p -triki l.invpnipti' Sins nut enh ' i irrii'd tin1 HepI: whlilu "i of tlip top, 1 ri"1" In t we'k. but n Ne ri p-pspntml ' n'lipisf n petnp'pti' ri'i'epr of lei sus-1 t: M Pil h tin- strlkp -caip. VM tin trading In tin- c-ni'rnl mar- ' 1.11. ..I Tlllllll 111 .11 n KilfV 1iiii.Ii.1..1... i.nl.l . .. 1 1- ..,1.11 ( ...I (I 1. i ' III- 'lll-l .1 1- 1,II1- I tie ile.i'.'iiss iniitin led te ilispl.iv a1 lire.iili'iiiiiu ti'iidpiw'j , wliili tin- imip el tlip pi. 'in li"t wiim ilistitiiti -ireiicpr will Ii ch iiiiitiitinn4 in lb" innjnit'- of tl'p I'lmi preri nPiir sl.arps. A.nerii nil StuH's ap.iin pnrip into I nuiiliii'iipp with the nu'imnn .puriiii; a -i n of l'j pe nt-. te 7."'.i, or , irJi.ii a ".n' of tin lnKii ipperd prii'i . TIip m-l preli'i'ieil t:u'i;pl mi wit'i a i N" of j. te In... and ilu fippen 1 pipfi'iri'di urn i.iiiPii mi ined''.'atP amounts at i 101'. Iia. lilt's in tli- utility croup weiv, n.idp up piiiln'N of odd let- Slltht t -hndiUK in i iitp'1 !n tin Hill lili'lplim J IVp tiii l u'-. 1'. (J. I was mi-I ' iia:i'"ii ni ..w,. in tin nn-p' nam mn op'.s I.'pptnp Sti'iniip Mutter Si' I'll 109 :te.) HUO r.oe JOl) 200 ion ;no tee 1UJ 100 300 100 100 300 100 lue '.00 100 inu I.1IIU0 vtea 7.1.I0 fl'JO 00 2 1 III) 0 me 1.110 tee 17-in 300 1(1. 1) VII 100 1700 tee (.130 1"0 2100 .-.no me 1.100 100 me 100 lf.O ine SO) 000 100 tee 700 jie 1C0 51 noe cioe j no 100 isie 100 '10 j;e tee j no 100 700 010 urn 100 7110 (till 21111 It 10 1.110 llll) 1010 1G0 111 is 200 000 Mill i 10 12100 200 10f0 1700 100 .100 .14 10 200 iriit 110 4S10 .10 I liO 400 130 2 10 400 2100 SO 1011 I DO 100 410 100) 100 20011 ri in 4im l';0 11 II I) .'.Oil 4 10 M0 300 100 .1)0 Dlv, ltuii . . Ailnmi Kxpress SO Anx Uubher UH 4 Allls-Chtiimarii M 4 Allied Cliem & lye... li 7 Allied Client A Dve pf . St Am Agrie crwm 'tttH Am Asrle ehem pf... S7 4 Am llanfc Xote S'J . . Am Ueet Husar 10 .. Am licseh MiiKnetu... H5 Am Ciui JS i 7 Am Can pf 84 1 Am Car & Kjy m 7 Am Ice 09 Ji 0 Am Ice pf 04 Am Internat Cerp 11 H 1 Am-La France Unc .. 194 Am Linseed 11 0 Am Locomotive 00 Am KailMter 70H 3 Am Steel Keuiidries. . 3SH .. Am Sugar llaf 81(4 7 Am Sunr Hof pf.... 70 .. Am Sumatra 37 0 Am Tel & Tel 109 12 Am Tobacco 12J 7 Am WoeNn 74 . . Am Wrltlnsr Paper pf . 24 . Anaconda Copper . . 39 ' 0 Atch Tep & Santa Te. 81 U .. Atlantic Fruit 2', 4 . Atl Clulf & W I 3 S... 27V2 .. Atl auif & w i s a pf ai y Atl.intle It 21 20 Atlantic Iternln'T ..890 7 Atlantic Refining pf..l07& . llnltlnieri' & Ohie 37 4 TJaltlmore Ac Oli'e pf . . .11 7 n.i'idwln Locnmetho . 8" . rtirnsdiile daps D .. 21 ! .1 Hi tlilehem Stepl H . M5n .. Hr1;ln Rnpld Transit 7 Brklvn Union Gas.. . 0S 10 Burns Bies HOi-i . . Butte & Superior Cep 13a . Butter'tk 24 J . . Cadde Central O & R. 12 . Cal Zinc A Lend . . .i;3 0 Callfernli PacMnB .. C.l . Callfernli Petroleum. 4lVj 1" Cnnitill-.n Pie tic ... lll'i 5 i 'enti.il of N J . . ISO .. Central Lenther . ... 27 Cerro-dc-Parce . .. 2996 a fliar.dlcr Meters . .. 414, . Chesapeake & Ohie .. .14 Vi .. Chi & Gr West pf IS? .. Chi Mil A St P 2.H-, .. Chi Mil & St P pf. .. 37 H ft Chi & N'erlhwentcrn 07'a 7 Chi & Northwest pf .1" . Chi R I I'.ic .... 12 U 0 Cbl R I A Tac fi'- pf Cl 7 Cht R I & Pac 7 pf. 77 .. Ciile Oeppir 11 'i .. Ch'ne dpper -I'i . . Coe.i-Cota 15 Colerado A Southern . 31 0 Coluni Gas A L;e .. 'jl'e .. Ce'um Oriphnphetn? . 1a 7 Consolidated Can . . . Slij . Consolidated Textiles in" Certinenta! i'.in 4.1 Cern Products Ref . . Sn; 7 f'ern Predup's Ucf pf Km SO Cosden A Ce 4 Crucible Sti"l .. Cuban Am Sunr ... . Cuban Cane Sueur. . . Cubin Cane Suuir pf 0 Del Lack A W. stern H Iiefelt IMNen Detroit Cn ti d ltwy . K!k Hern Ceal 5 rndlcott-Jehnson .... .. rl 1"r e 1st pf 3 lrreui P'nvers L.... 8 rnmeui rinyers L pf. Fis'is Rubber ,. General Asplult 7 General Clitar pf . 12 General Heciric ! General Meters . lioedrlch B F 7 Great Northern pf ... 4 (Jreat North Ore etfs. 32 Vx 0j n 7U Id. ir4i; or ri 1H r.i ViVi is Cl'i 70 If ii f3U 00 12.1' 4 9'.j 31 ' 72'J 29 '3 4 Hafki'il A Barker Car 00 .. Housten Oil C'l'i 1 Hupp Motorcar 11 ' 7 Illinois Central 01 ' ti.diahema Reftp'ns... 3 . . Inspiration Cen Cep.. 34 'i Irterh con Cerp ... 1 ; 7 lr t Hnriester r.' -v. . . . 7.1'j -. Int Il.irv new pf 100 . !: t Mer Marine 9i fi Int Mcr Marine pf ... 17 lnterr.it M itertruck 20 - . . Internai'enr.l N.ckel. ll'-i . . Ii.tirniitlentl Paper . 47 v 0 pit. r P.ip r pf s-tpd 11 .. Ir.wn lb i. uil Cerp... Il . . Is and Oil " .. Jew el lej 11', .. J le! T'-a pf 33' 4 . Jeni s Bres Tea . . . . 27 . . K-.ns.is Civ Southern 24 . Kansas & Out Ce . . 4 Kti y-SprliiRtNld Tire 40 .. Kinneeett Copper ... . '-0i .. Kr.sten TAR 10 .', Kr. ze S S 1C1'2 Lew 41) ion 33 Vl 44'i h7i, 21 W il7 A3 20 34H 2fli 84 12H .10 H 04 31 H si 21 00 ie Vi 21V 404 75 30 108 734 24 33 H t3'a 2V4 20'i 21 'A 20 890 107Ji 30 H SI 15 AVt nsib 100 13J4 23 Vl 12 3J'a 0.1 41 HO'i 180 27 2S 4l S4''4 151A 2..'j 30 07 Vj 100 3H4 (M 77 11 Va 21j 35 31 CO'J 3j 0'4 in 4.1 70 107 3! rV "U i. 10 11141.4 en 113 17 S 01 12U IS 01 ' 7s"4 10 m - 01 12fi 31 TI 14 29?v 01 1.1 1H4 0.1 , .'" ."4 'A m 7U l."i0l, OH 1(1 t 2014 13' 17 () IO14 2't 10i2 Si 20 21 -T 39 i 20 JJ Id 1110 Net Cine ! 3 I I 1 Hi ' , H ii y 1 30 V M 40 lH 31 r 4SW t-87'-20 h 57 -S3 20 r 35 r 25W- S4 12H ! 1 S0Ji Va (14 I- 114 31 8-Hv ' 24 - 1 60 -i- 14 70J4 i- 'A 23 H . 8214 r H4 7te r 3W 30 - !4 10s us y 74H-T- Ji 2.1 1 nflW-r B5yi 2V4 a7 Vi 2114 21 -i- 800 '. 30 10714 IVz 37 01 SOH-r Hi 21 ',4- i'i S3J4 U4 7 - it OHiJ-!- 94 100 -13J4 r- 12 a - rs u -s ItOlA- 180 27 r 29 V, J il?4 r 2314 t 100 3214-- U6 - 77 11is 2'if 3.1 31 em-f 3-K0',-i ' 10'', f 45 -5- 80 14 '- i(" 3VJ3-4- atij4 13 -r 7 1- 10 h ;- 10114 no -r.2 -1754-fc.i -'- i?ii-:- is r.i j. 79 !- 10 - Dlv. Snli.4 In f lll-ii 300 . . Laclede Cleu of St Ii. . 4714 '00 2 Lee Rubber Tlie 27 'A 700 8.30 Leh Kh Valley fl 14 t 14 !4 4 H 14 14 14 l"e 14 V 1 I 410 409 109 100 100 000 1400 115D0 500 2500 .190 100 nce son 100 700 100 500 100 100 290 100 200 700 500 101 700 10C0 0000 100 200 1000 110 230 100 11000 inoe .100 1200 100 4209 15110 1100 330 100 100 510 000 .130 100 2000 810 100 400 100 2.00 13)9 2000 200 2109 3730 310 3700 B.2H P.evnl ruteri Amer. . . 4114 8314 1814 Lima Locomotive .... 71 .. Loese-WIIni Ulscult .. .1114 1 Mncltav Ce pf 50 . . Manall Sugar 34 1.7.1 Mnnhiittan Shirt 20 . Mnrlln till 2.1 H May Dept Steres 87 12 Mexican Petroleum .. 0014 2 Miami Cepper 321a 1.20 Middle States Cerp.. . 13V, .. Mldvnle Rteel 2.114 .. Me Katunn & Tuxas. . 114 . Missouri Pacific . . . . Me Pacific pf . . . . 8 Mentnna Power . , . . Montgomery Ward . MulIIns Bedy 19J4 7 National Biscuit 117 4 National Lead 714 . . Nnt H It of Met 2d pf 414 0 N O Tex & Mex 4814 0 N Y Air Drake St 3 New Yerk Central.... 72 .. New Yerk N H A H.. 13 Ji 2 New Yerk Ont AW... 1814 7 Norfolk A Western... 05y 3 North American 40 :i North American pf . . . 35J 7 Northern Pacific 74K 8 Ne, a Scotia SAC... 33V4 . ekla Pred A Ref ZVi . untarle Slhcr Mining 44 8 Otis Elevator 05 . Owens Bottling 28 .. Pacific Gas A Klee.... 00 .. PhcIuc Oil 41 Ji 0 Pan-Amer Petrel .... 4314 0 Pan-Amer B 4114 .. Panhandle lOJj . Par.sh A Bingham. ... 13 s Pennsylvania It II.... 30 .. Penn Seaboard Steel.. 9 .. Peeples CJn Chicago. . 5114 . Pere Marquette 19 5 Pere Mnrn prier pf... 5494 a PhiladcJph'a Ce 20 .. Phillips Pet 27 i'ieice-rrew .Moter .. j;i' ' 1 1 1, 'i 1 1 1 !4 1 V4 V ii A 1 a I 4 1 00 311, '"i - '4 29 J. (IJJi (!.! A "li-i U J 1u -34 1 1 ,1.4 100 la - U r 7 , 20 'J 1- nie- 1714 4 (l.i ' I 33U-. 20 3 -f. 21 r 301- ; 20 ji ji ie -10114 t 'a 3 'j 'J ; 1110 3!D (100 I JO 310D .110 2700 .It 00 100 400 100 100 200 ROD 100 1310 .1110 100 2.1 JO 100 40110 S'li) 5100 110 1000 1000 1700 310 100 .-.900 310 400 1011 100 1230 1210 230 . Plerce-Arrew Met pf. 28'i) 3 Pierce O 1 pf 44'A 5 Pitts Ceal CO' . Pit's A West Va.. .. 24 A 0 Pitts A West Va pf... 74 Pend Creek Ceal .... 1414 Publ'c Serv of N J. . . . 04U 8 Pullman 05's . Pun'n Alegre Sugar.. 20J& 2 Pure OH 2Ji R.iv Cen Copper... . 13 4 Readlnir M Republic Iren A Steel. 40 14 P.. pub Iren A Stcel pf 7714 42-S4 23)4 23 .1 8!i r.t; 1H14 21 j 77 9-4 10 H 43 fir. 7S 119 'J 101 Kn St Leuis San Fran nf . . St I'U s A S W It It . . Seaboard Air Line. . . .. Se.ilnird Air Line pf. . Sears-Roebuck . Senee Cep Cerp ... . . S'ne'alr Oil ii Seuihe'n Pacific . . Southern Rail Southern ltwy pf .... (i St.1rd.1rd Mill t Standard Oil of Calif .". St indaid O 1 of N .1 . 7 St. .ml Oil of N J nf Stewart Wnrner Speed 2314 . . Stremherir Carb 7 Studel aker ' SuhTarlnc Beat Cerp .. Superior Oil Cerp..., . . Tenn Cep A Chpm 3 Texas Ce . . Texas A Paplltc 1 T.-.is A Pap C A O . Tidewater Oil 0 Tobacco Products . . , . . Transcontinental Oil , . Union Oil 10 Union Pac'flc . United Rwy Intent. . 0 United Rc-I.ill Stores., ..US Poed Pieducts.. 4 U S Ind Alcohol.... . United Drug 0 Unlf-d Fruit , ..US Realtv & Imp . . US Rubber 8 U s Rubber 1st pf. 300 3. SO U .-. Smelt A Ref pf. I'i a IV4 u ' la S 7 J,, fi 7.1)0 3 U S Steel 330 7 U S Steel pf 310 2 Lt.ih Copper I'll .. Va-C.ir Chen-leal 230 .. Va-t'jr Cliemlcil pf. . 200 r. Va Iren Ceal A Coke. . 5)0 . . Wabash pf A '.nl .. W. st. ru Marvlatid . . 100 . West M.i 1 j! 11 d M pf 1011 7 Western Unlin Til... 0U 4 Westingheuxe 1; & m, 100 . Wheeling A L IJ .. . 100 .. WheellnK A L U pf .. 100 4 Wli.te Moter 910 .. Wh.te O.I Cerp 200 . . Wick Spenc Steel Cerp 3)0 .. Wihyi.-Oterland loe .. Wisconsin Central ... 700 s Woulwerth F W 110 3 7 3 14 3'4 714 ?H 3094 21 a; 2.194 137J4 C3 u 21 ne'4 794 53 9a 13 41 SO 109 a, 3 W S4 h0 40 7154 1103a S3 27'J 70 4 h,l 20 ?i 0 im; , b2H 4 s 15!j 311 12'4 10 59s 121 4 'Wortlilntten Pump... 3JJ4 Ci-dllt!tnd. Lew 40 2J14 54 70 33 30 24 20 2994 84 0494 224 13 2314 114 1814 U4 8314 18 im 115 7414 tv 5814 82 73 1314 111 R8'4 3914 3894 7314 23 'i 3'i 4U 05 28 00 40J5 4'H'n 40 V 10 Ji 13 35 84 30 10 54 H 29 27'-2 12?a 28 1414 59 -S'a 74 14 114 14 04 "514 29 Ji 12't, C84 M94 77 4114 3314 21 J4 3 514 0514 18'i 21 77'4 10 4 ?4 00 78 140U 108 94 2314 20 73 '4 314 7!i 7'4 39 94 20 J4 2414 137 '-2 C2Ja ? 20's 110 U 7 52' a 12 34 .43J4 SO 10914 52 481-2 bO 40 78 111) 51 "j 27 H envi 20 5 0 l(,l4 Vi 44J2 S 1.1' j .III 12 950 514 112 120 39 9 i 1 SO Net I M rir 47'- 3714 ! 14 5494 I- Ji 71 I I 34 '4 :- 194 se 34 V 1 23 -i Jf 23 - 14 80 Je-! Ji 0595- V 2214- Va 13 V 23 '4 r V 1814 41J4 6114 i '4 1814 "- J4 1914-i ti 117 3 7414- '6 .l8Wi r li 82-8 12 -I- (4 13 M r J4 1014 1- 94 05 14 4 3914 35J4 r !4 73 '4 I- 14 33 'j 314 - ' 4'4 - V 05 : 3 28 00 41 '4 - U4 1314 - 4 41 1- Ii 10'4 'r 14 13 - 14 311 1 114 5114 4- U4 10 J- '2 64 U- Va 20 27 1 4 - ' 13 2S14 ; 94 4414 694 r- ' 24 J4 4- i 74 - 1 1114 i- 14 1.414 - '4 044 - 14 2014 :- 194 20 J4 1- 14 13 -1- '4 CURB FOLK (j9,,i-! 4014 12' 1 s-r-j-i 2194 .1 51. - re " 1814 21 7714 - 199s 42 1 -90 -7S 119 i - iesh-' 23' 4 i- 318.4- 731'4-i 3'4- 7'j- 7Si- 3912 J- 21 4- 24V44- 13714 '- f.3W T 8J,- 20 lJ J- 11014 J- 794- 53 54- 12i- 44 50 10014 43 1-IJ4 4S'a . 89 40 - :M4 i 1109b ' 52 r 37 1 4 20K 0 if 14 83H-T 41J4 r K 1514 3C. - iiu :- 10 , 554 24 '2 , 120 394 r 14 sti "4 1'4 3 5 214 7e 14 94 !4 '4 ?i 'A 214 '2 '4 14 14 THE Bl BOARD Burns Brethers "B" Stock Ad vances te 2912 Increased Interest in 0il3 New Yerlt, Oct. 1!0. Tite New Yerk Curb Market wni directed in Ilu tone iml movement bv the developments en tlie New Yerk Stock Kxplianne; tin euUldc mnrket followed the trnillni; movements en tlie big beard closely. Rums Brethers II htoek, wiih issued, Influenced by (lie ndvnnee of "1 pnlnls In IluriiH llrethcrn, eii tlie Steek l'x eliangc, anil rose te 20l,j during the forenoon. Kurrcll Cenl nlse moved up Willi the lender in Hint group en tlit tlit Steck MxpliiuiKe mid made n Rain nf nenrly 1 point, te l"Vj. Other Indiif trials were strong, but the supply was scant. Hwects Company, which wee one of the strong feetiiics yesterdny, wnsngnin lu goeil demand, soiling during thofoic thefoic thofeic noon nt "Ts. und United Hctnll Condi wn.s linn with snlcs at 0'. Hrltisli American Tobacco mnde n frnctieunl ndinncp te ll7. Swift International sold nt 12.1. ('IllcttP Safety Knzer eRnln ivus strong, ndvnnplng tn 170. u gain of nearly L't) peintu since the declaration of the dividend. The petroleum group reflected In creased interest. Cities Service issues wcic higher, the common moving up from 17U te 177 lu the ilrst half of the day. Mar.icalbe was traded in nt -1TA te U',4, and International Petroleum Mild nt M7i t) 15. llnn Oil niuged from I'M te (1. Sinims Petroleum und Sltclly were unchanged in their trading position. INDUbTftlALS lliKh Urlt-Amer Teb re 11J Iirlt-Ainer Teb coup .. . 117 Huren Urns II -J '1 (.'hlciiRii i. ):nt 111 LJS e'ulumbln 1-liinrulcl ... IS I arrcll C0.1I Ii '.i ejlbien llnne'.l ll'i (lllletle Huf )lner 170 t.aku Turnoile 51 Llnruln Meturs A... . 10 ljocemobllo .se l'erfectlen Tire . . . . 00 II J llcjneliln mew I "I! ' 31 Mniithern Cenl & Iren ... J Swift International . ... 2J SitijytH (Je T4 ti b M1I11 Cerp 17 U S Steam . . . . 3U t'nlted lletull Cuiul . . (' Wwt 1'nd Chun .. . .Km M'm Djv,I03 .. . . 2il srAMi uu OILS Anit'e-Anirr Oil ... Kl" I bKJt 4 HH Atlantic I,obe4 l.nrlnl Oil Can M.uid uli ef Iml s'. 77'a 14 '4 ' l '2 3 5e 4 "'.4 la J4 94 V '2 54 r Pennsylvania Tax Free First Lien 5' l Bends Interest Earned (her Four Times Te Net Over 7 Baker, AylJng & Yeung 0-i:i'II M. HW.viv.jr, lluiinser Land Title Bldjj. Bosten Philadelphia i3' I. fr.li timi'il! te 10(1. W.-t Jpi - v ii'l Si j-lmrp le-t ii point nt 'JO. I.iiKe held nt IIU,. lViv Commodity Markets GRAIN MARKET , tliicage, opt liO. The wlieat nmr-, t wns sif..u most of the session.! Ml The biiMiig was ui.'.inl. lucnl. iiiduci"! iilnap firm effprs in the cost and fi eight ' iiitirku. Yi nt. c''ii ' 'no i U' emt- .... 7 III' in " 81" , Murch 7 0 1 ru. J 1 1..TC7 '.Uiy TilUJ71 7'17I , Ju. 7 7s'll7l 7 71U7J bj the link of sclMn,' pn-.iu. In- fiiMinbli preti news and le.ierts nl Financial Briefs Th p.prnR" r.rlee iif the tu.-r.tj acthe In ad.ai.ceil 0 11) ir tent, - e. no" wa.- held at (lj. I i-iv -lini'" . , , .., , ,. . i 'n,lu,,r"" ',,,".K,,,..,,l',,'"1'i"' " ' '"r "n f Warwiek Inn, t.ere 1 fc. i. ut S and j Ir-ndnr i.iillii.K di'inand fur !.. t mud" f'Xwna Ve4 ' lVu Philadelphia Stocks 1 IS Net li- . l. 'I'fl'. ,m' P M. tllK. 11. i Am Sirs.. (.,. 7;;; 7.r''B 4-lV-l.ii) dn pipf..10.'l l! 1(K a. -'(' de -Jtl pf.lOl'i 101 J . 101'.'. i-10 Am Tel i: T.-l...i0S'i insi; jes',: 4- ij, liitAm bug.. Tili ."l'. ;,i 1 . 4. 1 l''iin-iiaiil,i Salt exi hang" d lnunN ut LIVESTOCK QUOTATIONS ClilrnBO. 1 J 1 ''" I'ATTI.i: ! Hle.ii I1--1 . i-rj Mnw T ii'.nev , r- j. 1 ' kli d Ila I" i nl; i j 1 u. 1 ,niN - liUh i.j S-l " h i'i t- l,-ikr S; 1 r.'i i . I r II, i.. U tl.-ir. I u 1 t it.' no ero he. Itfl "h h iv.t. I III I ,1 IBht I i,h -s i 1 iJ.e Jtl, 'e 1 'O pnun I ni, " 'l 7 ' u k It 11 j 1 if III !., . 1 I u . .v.. m.itl u. 1 ij , bu !-J-i - 1. ' . I - 20 'de 1 r i,l I', I ' 11 1 hi,;' 1 si, ii n..i ij t, :. r (nt i.u,l' Ii ml cur . in 1,1 'lb n, ui't' j.t. rns nJ t llulf ,S J ri ni'. Xt If h u m etts ? 1 10 r, a H.ni: h u'l ei "i ..'..irB, it n t. Ii '! ' , Jb,i iil 1.1 .lii f. nls later the bu.tliu' side. LP"'lt demnnd was le., with salti. of .'IHD.OU'I busliels ii'inutid a tin M'ubiinrd W.nnliii". leiiurts no demand und r-- ' -pll,'rs e'lerin;: nim h rlinpi'i. A Ni w n,Y,,ik i.ip ngc i-'iid that hmIIpis weie ' 1, ft, rim; whe.it !" te ( cents under them ; iCn-h wIipiU iiremiuiiiK wen un. linngnl. I Shipplup kiIps weip .Hi.iiun i;ti-'i 1 ( nfii followed wheat Tl'.l -low and iininterpstimf 1 In cash porn 00-1- 'Ms uncliiiiip I. Sliipp.ni; (Iciuiind wn 1 reiuler. ei. 'ni? 10 th" ehi'np l.aki-iHt- Sales of liil.Oi") bunhels weie ii.ieitul. (lis followed otle-r pr.uns. was fiat 111 p1"'sx. The ni-h 0.1 iui uni'lians" d. 'Iho Itrrutil'c Iren anil biri-l C'empan ret. irtfd unil iisl erilei ut Oih inl nf ihi thud quarter of P.O,u77 tulib, usilust 1,7 -'il for the second quarter. The Otte 17Iatnr e'enipini r nrt. li.r the. OrH, thrie ijuirtr f IUJ1 .ifier lain b ii 1 tunas, nt liiteie nf 1 01" "'I. t Jit UJ k share, nrnfil en the oil. urn, linn cuaaeii atei.k .ifter iledai-tinrf ;.ruftriil i!' - W nl 1 fi,,i1 n 'ri tle sime rerl'i.l of Inif ear tht niilMUS HMilli' UK lf,r UIMU'JimS JK ( 11',- -ua, or J. .11 1 tlinre. The IlnnK of IlnKlnnd n nlmum d.i. Jnt rate lemuins uncbaii,fed Kt 0'j i.r . 'nt. INKKI'I'ADKNr M A mcr Fuel Oil . . . . 30 Atlantic Pet 4 Aikansas Nut tjaa "i lieniin CHI 3D lloslen Vemlnc 7S t nrlb Uynil " t'illis Sertlce (elfl) .. 177 I'ltiei Strt ti "D" ctfs . in t'efden A: Ce I ('Ushllip 1'it Kl K'hmimls '! i:ik I'.inir Pit '''. Ihwlneera l'etrel 31 l''.lvr.-l CHI 1 A lllllll.ind Oil il1 Huil iuii Oil 14 Imiiir'ul Ull V hit lV-trel 1." tiitim Ilile rlKhts 32 ivo-teno Hurn:ir Pi l.iuti 1'it W .HarHiulUi Oil 2J' .M.TliIr.11 IVt s-eblf- 17 Oh'e lt.iimer 13 Umiir Oil I' I 1'. nnek Oil .V ltjr.n C'0113 . JJS Minmi I'l 7"fc S,HV Oil i'4 Iiiei ..e 1'ucliHnry 7(1 Hewdty I'reil 2. catrn riiatis 41 Wl i nx Oil 1 Y Oil 7J JIIM.NO Illp Ix'dire , ... Hosten tc Mentana. Cerpa MIir". .... CrT'".en Geld leldflultl 1'len.ncn tinl I Matca Ilaiielll Divide Iren lilrjBsem M uNiimrtra .MclnlyiH Mannu 'nllt .Melhiu Ifl... Clt Natlenil Tin Nevuiltt Ophlr I'ltts .Mt .Shasta Hex C'nus Toneimh Divide Tonepnh KMfi.'ilen U a Cunt . . .. . United llnhtern . . . HUM'S AU'ed raeltfra On Allied pacl.Td (In rtfa . Amer Tel fli 1H.'2 . . Anocenda 7 1U2j Anrle-Amer 7As Armour 7 . . Chi Hint Ills 53 Can Pac Ha . I'tihati Tel 74a . Cupper Hxpert I'a 10JI Cupper Uxpeit Sa lt..5 Cudnhy 7 (laleim 7n Unndrlrh Tire 7i (Irani! Trunk 04 a . llflni: Ce 7w . Humble Oil 7a . . Interhore 8a X Y S II ft II 4h frnn-s. Ohie Cltleh 7s 102.' . OtlH Stcl Kn 1 .ID Ix.w P. II 1I'4 11 11. 11 ii 18S 1 i'i 1 ' 17S 17 4 14'a ll'i 170 170 .11 .11 10S 10. 80 ill till III) 31 31 1 e 23 2d 21. 2'4 17 17 30 311 014 04 1,0 PI) J") 20 104 104 8 b'i 80 87 77 77'4 s 30 30 4 I ii l4 27 20 77 77 5 0 172 177 ls IS'i I 1 It! 10 ii m P.1. (Ilu 3(1 30 IA IA OS 3'. 11 14 8 8'. i in 2n y,i 1 A 1 A lis ps l'. 2J'4 1 11 17 17 IJ 1J I'J 01 .-.' :,'4 ,1'. (IS 7'a 74 H4 I.'. "i 72 7'1 711 It .1 71 A Convenient Recerd Boek for Investments Qoed business demands a systematic record of your investment holdings. Federal Income Tax requiranents make it imperative HALSEY, STUART ty CO.'S The Recerd book Is com- "Loese Leaf Security pact, practical and capabJe of Recerd" meets this need ex- expansion with the accumu- actly. Thru its use, investors latien of ybur holdings, have nlwave at hand complete Included in its contents information regarding their holdings their amount, ma turity, interest payment dates, prices paid, taxable status, etc. A eepu of fn's Security Recerd will be sent without charuc upon request for booklet P A-27 is a bend interest table, also a chart giving informa tion regarding all issues of Liberty and Victory Bends, HALSEY. STUART & CO. - lunniwi.i.rn INCORPORATED .and Tillc Bldpr.. Philadelphia, Pa. Tel., Locust 4820 CHICAGO NBWYORK PHILADELPHIA BOSTON DETROIT MILWAUKBB MINNEAPOLIS ST. LOUIS 'I. llnn lnl OI1V out niii 1 , nm Dl.'"l nr. iTiixi, if'r 'VT-0.?' -" -l),h 's I'htllppine fiHi . .. i'lD.IInld Lec .S.ih s.-,.'!, Kill 4- ru Shawnheen "h ."Otlletll S.. .T-'" .T"'!, ,". 1.1 KeaM Iteel.uell 7n iu-jj iiiii i,. u i i, ...s '- " 1 Southern Hv ,la K'CItlUteSup M-V, IP.,. 1.11' 4. U Stnicl Oil N Y 7s 101.1 KlDtl ill! I'm 110 . 110'a 110'e, 1 pwlf' & Ce 7h '"-1 11(ltr,,bnn V iiu-4 I"",! J,'i m,)ft ('e In It'll u(m uuan-A Tel K,)lsen 7B Supar .. ll'v Jl- n-Vi-i- i' I li Drui: 8i ,r,lll' M H I'. 3-i "-. "".f' r, l' I,v 'V'' ''" 100-- ', VWi-i- !,4 Trade bnsH -"i i 1 i. 1 1 e.aJ.K!ark$(Ze. UAMwUU DcqIts in Investment Securities licttbtrl Alu lurk unii i'Muuittvtua 321 Chestnut St., Philr.r'elphU I'll. -I I.iinl. (,'.'t ' '-MTI F II". f n '''ilhi I.. ,.I Mnrli"' ,r ti nil d 1 ' ir --,! . It.it! e r.l a nu ,d In 1 '.r i II ',I'H inj ' hi .h lei l( il ' nuf nuwnu. ' i'i!ie u H 1' I'u u '. ' J i Htm hi ru n.J f I i j. fe . i i f .... 'I'i 71 Lull, bee te u. t, ' 31, , .' fi in id in ,- - Km lpn s-,n, he d ," - ill i Un I nt"! ter. , n luht. - 1,1 en I th t ; I il liu k ll,1 . ..ij I im ni n it' In ti H - iu l .i ill ,. ii i 1 ili 11. Uu.i -,i"f, il.". p. d Hj i JTIi'iys 1',, iiiiii., -n illui.i t,. i ,. 1 s II.KT ItTeliit4 i'Diin h'ail Fairly e 'iv i, I ine-dv ' m. "-, 17 7.1 f i, e ' i. f-lt i.uttl'ers iiHikr tip und bulk ,r 1.' ,.i,ie Uni 7 'i H utiiweHtf rn" f 7 .". ' 1 4 "ll'i". t ii, 41 i,j k il i I qial.i, md.um te k'ued COTTON MARKET Npw "leirlt, 1''t -" 'II" fpiitere of the p. Hen eipnini '"da) was the hale ,.f 'i bio. 1: of Uiiniib'i und .laniinr. n dit d "i .Inpiini iiitPHM- Thi it' m was nte-erbi'd lit I.lt.ip i. - w t . . . ..,! Ill j I i,-!, mi n ml Il.lt P iui'','si-, .urn ....- ''i , . ., i .... i'i'n'.,r nn nne nun i.ri iv ili'iu.lld. with pe k enlil's llein I. .MM- , ,x, luileil fr. ni Hie ttnteni. nt t.ei.l ,-tabllslied n hrm start here, wiih niire .'.n.t r lilffi.v (iiii.i, i i.uii .1 ,.,, ,,,.i s!nnt wh.li fr .in Hi. surplus Itat nines up -I te " I'e'nts net. "P"' , m f it uiu.t u ....'.I . ..lishleniliii ml ten en Am etit-tunclini faturi of ti bind rnarkjt la th inree-lnij d nwr. i.en.m of fi.ielKn Kevurnint'iiU iind n.uii niilteH H "ith Atneilian imintil. r, .n . I,n ivirtl ulnrly nithn of ltd ti . tit ,in. Ihli c tuntrv tip fund" Tie in hv. I . i if nil . ii.ii n 1 Inti '" i - ..s tli -cit ii . nfu! .hi, of $'J 5(10. Oue I. s 1 1. ni, w Itl n If- '! iim: nix m mix . l',;i I, Un ( el .p., ts te J uhllt '(ire i. i ,M'- Ien nurplu iif'i'r rhar-'i. ,f 1.' -.71 ul.l ninipiiri'd th deflrlt of Sl'JtTin ... ih. ime period InHt enr I his In ., n oil th" nhelj hidm us It eet.ik nl th' V.r. proper miiKe und l.rl vthm' ..rnuit mnl tit. ijpu IMi. i,i, f s eiu ir. - CATTM' R fu.tes, ree. ipt. I BROOKE, STOKES & CO. 110 ti. Fifteenth St. 1'liiludeiuhin Wabliinf-ten llaltimere L jit r.lilT Un, net "in -ti. li 1"". h "1 ' i'H - e I Kt-i,li J-.'tl U II,ii, l.ieliti. ildii'i ti.fll ."low lift r 11. tt s iiiki iij ni'vi! rl It. ht Niil'.ru i.n I t iKi Ih 73. r-MKlii,. i ,,', it 7'. i'ijh t ' ? 1 fill. I-I' VNI, I.,.MH.S II nlptn. .'!( .. 1 I.i'nlf . Iv Hh "V " w, unlni., ' BANK CLEARINGS I-iallk ' t'il ItlK14 t '0 ( f HM1I llf 1 V, I I. , i-l n 'UiiJ ! .V I i nl two jtftrn Vlt!1 ''" l'llil 7J imii 0(1" $- ,v ' -'t $7 ' ,7 f llll l I IIT4 '.11.11 I Ull ' - ...... ,b, ri-,. At the end of th, ii. -r tlfteei. n. , r.rjn in th.. . . .... ii.i ,...j i ri hi iiisii-T- iii ...... . minutes, tin- ii-i, i.i- nrni pnpiti .n nr nbeiit 17 points net nnvftiipc. 1' I V OtlH 111. I II 11 is (ii 1, -I I is p. is .'., 17 -'. 17 .l' 1 1' m'irr I IT.U ! I ir. i M ii J, l Hi I Is 1- ' 1- i 17 i 17 llPPIlt r 'ali- In the Irne" i ii ero Chin i und India. 1 ', renii I'it'nt ntrt-!i"d purfhesen In thein inn trl'" tin i lr . In Hti rllm. th h irilt It ii bi , r v mu' inntUii 1 hi Inis Imid u. t llli Ii nii. lurri limit: lielil Im ,u.i.t Mt, li is "j in Kltairi. th" 'iliet tiiHrf nf in niftl.n In Is .a .' !fn e .iniida and ethni pla. ..iir i.l is in ini i n-i..t .sihteh, ennffi'jenT up' n tn . m 1 il I r. m ju'i i.ipp ,sir. let; IOIKiIp . ...12r. JOtruui l'lav Cl Cl eo (leu Ai'ph i.'l -'01 (Jen Met !)'', I'Oil I, S Cerp tli . l.",0 M.uli Vnl r,l "iOtMt IVt. !).-, ."i(lri.r I'ae. Tl'A irHl'ap OH . 41', -"'j.'! Pn it ii . :ir, ' -I! I'i Knit.. Cri :iu riiihi fe cuiu pf . :ii"i i ii ri,iiai:ip, L-i'-v, .'l.'!0 de pri'f . U(i"s, .'It! I'hllnTi'iii .-,17' I'.-iil'itH .V w Vu pf 7::7; let Head inp. ii'l',', netstudebki ;i 10t'IV I'm (' & O '-M7S ltltr Hi'tnil Stelen.. ."i2:ls je r c; i... ictit, (i."l War 1 iV S S -'.-i West .Jei- p. S..., -j!) KM! ."i:i in; Kl' it.-, i I'i 7 II :u-'i ai'i, je'.. 51 U'l''! IP) 14 1 .-..( 11,, ('... . .-j'4- , ,,., .,. 74 J, 4-1 1 M lVa-f ., HI --l Im' i.. jr.' i 7.'J.7;ii, Hi'i-f- !l, -a -i- 15, : ii-;-f- lVi Btern Klec 7 Aru'enllne 7a Iltmbtirs 4M,n ht.lbd 0'iu 37 34 33 I'i In IA I'i l'a IS ' 1 HI Hill 43 4S 4.1 4il 111 40 I IS 111 13 17 17 17 II II II 1 '. 1 1 1 'i IS 1 1'. IS .IS ns ilj On M IM HO U0 M I!! US S N H 70 70 7(1 I'i IA IA 4s 48 4n HA HA HA 41 47 47 in 45 in nns 1104 iu, lel'i 0,1 i Oil' 10J 1112 1(,J 1(10 100 ion ,11 OH 4 (..", I,SS tlKS UeS 1I1S U3S U.lS leis leis 101S KIH'i KIH'.i KIH't 1,10 100 101) l,7 l)7t l7a4 75 74S 7.1 Kifi', Kin luu'j 100S lMiS len, tisS U7S OSS 7IS 74'. 74S I3' 13'. IS1. Pfi'li fiQi. D'l4 n'l i!l (jl) PC nil u a PH DK (IS 1H,4 HO". 1,04 ns HS'J ns7 KM 101 JIM ii'is nn'ii nti'i I en', tms ni'S I ns U7-. r,s 'Is "IH 111 ',74 I74 i74 I mis 10-14 ieas 101 1(11 1(11 U: We own and effer: $250,000 Pittsburgh, McKeesport and Youghiegheny R. R. 1st 6s 1932, j. & J. GUARANTEED AS TO PRINCIPAL AND INTEREST By Lake Shere and Michigan Southern Rwy. Ce. (assumed by New Yerk Central) and by Pittsburgh and Lake Erle R. R. Ce. jointly and severally. 2 Nermal Federal Income Tax Paid by the Company Exempt Frem Penna. State Tax Price 102, Yielding About 5 THOS. A. BIDDLE & CO. r.'lTAIU.lSIirjD 1701 424 Chestnut Street PHILADELPHIA We Recommend the Purchase of the Following Canadian Securities Province of Ontario 6s, 1943, yielding 6.10 Province of Manitoba 6s, 1946, yielding 6.10 Province of Alberta 4yzt, 1923, yielding 7.00 City of Terente 4y2s, 1953, yielding 6.20 Canadian Department CHANDLER & COMPANY Philadelphia INCORPORATED New Yerk Bosten 014 wi$ " -. 1)34 &.,4 U34 ifl .-.i'Js 1, ...IlK.. S .. un i v et . hiri.i mule bv ,. iniwirlHOii t.lth I, ila en Npv erlt .'itn'.k llichnnue. 17 10 7u i tit l.'d ptuiliHtlnn of t'f.iier und Imil imnnH I ii'nri .ni' i irue nuimiiiiui e( mi.pi itnir in by-product 11) ! Il niriie Np s,,.iih lV.iifi r;,uri1. n n. m rpi-Kine t , 0,111 imie :n I onden fir tin itirlns tbe wheat peel I lillii. I .' n 1 ., tllil'T HI I... Jl . I I." Il ' 11 1' I 1,11 Jl .'", , v 'nj ' 14 sn 7 , BAR SILVER tli.r Milwr um Id lili.hr nt se VI ii Londen t . 1 - j Raw Sugar Market Steady ei lurk (( H'iIhi raw awiir mtr- U t t inilnui"! uul.t iml Hti uiy it 'iiei ml niPKht fir i'hwi. emuiTi h i ii i . .... ..rlvnle iii1pph linehlni; tin Inn ,,n,H dun till mill 1 unii" ell f r ' " " '. .,,, ,i, . l , . 1 1 , . ,- ,i,. I, ml m M nt i mi in rh n n,,i. no ... es efilay tliiit tin ileliai iiiip unii in NEW YORK COFFEE MARKET Npu Yerk, Oi'l. UO - 'I he Inenk "f .".-iV'il in the rate of Itl , p-cpIiiiiikp "u Londen bieuuht aheiii a t-tn-ts-nelnt iIipIiik nt Ibe (ippniiis ei un , u""i ,..flee fututps inn rise t ilil- in-, nun',', a Pinker with entten and N" Orlcnns i .otiiipitieiii belli',' th" Iiiii'lpnl Hl'i'i'. The demand s M..H" "I 'i'"1 ',"1'' en li mile down A dii'llnc of UeO nl in tli dollar -,,'.. .... enleil with the dlep In Uln eX- phaillfii en I.'lldell, wnM miiiipwIiiiI of II . , mtitlnii ut th" M"rehnntH' I n en ,,,'Im e nailers, and tlie KxHmi.ae I r, rWT,Xt "jrtVZ; cnli'i'd te MlH7.il for (Ol'.linil'ltlell of be ,hl. 4H,rn rau-ed h tin i,th of hl ... 1. .1 11.. .. ..,. tli..... lull 1.1 r i fnili... U tlii.la 1... a in. IMP 111 llll. Ill llll llll" . III..' ..i....... ... . ..- The llnnkeri Trunt 'etnpnry nf V..v 1 nrU .m irtintHi i ntteune"B Hint nn und aflir inilat It Mill le pnpiired lu dflllti'i ii..rni' nent flrct m irluw 8 per c nt I. nnU nf It , , Wui'ir t Heni". Inc. In 'xehunKP for i'u!-, in llnrf r.'i tlllrateH uiKin urt ntntlnn of tn 1'iltii nl lis (.orpernle IruHl di-piirim. ni ter tint purpeie 'I h Ui li hul ttnk hn rilfl'd Im pri. fur jli i nrlrc Kehl roll" te M0 impwr m.irlin . f. firt'te "lilnhn HI lrfii 'it piiift - sn inu Km kemprtrid with l'(0 Juni) 1 trade 1- Mr s.i.rl.tllir lu Water Power Securities n I iirl i,r I lier Treiihlp I'rce of 'cinin ."' etc Tux JosepKW.Gress &Ce. 1-121 Chestnut Street was a I te (I iiil'ie I ), 1 1 iii- . Mti run. ' 'n r tiniii "new. roperi.., tile in titueeil ,i ,.ft rnimii lmiKiii.il niw imiud. I ",s ,, 1 1 ti k I'hl nipliifn 1" Hi reili I ls' " Hi fin tellld Inid'lnt tin "e nu i.mipHii ls,"0' ' . ' .' I' .' ii'l ,,,, ,. ,11, In 'in II Sum, ,' fli flnliw I'lin m i I " m i In i u am t ib.- Niitiiipiit n n It i i :.l,",VT.l2r.V HuJl.rrit,.ln'lri '.m.'.-i'rT ,.,',i nL'lllil W itll M'llt UllCllt IU I VOHM alttl JJU I','r,fl W Ki.lle", IlKlli en i lecleil .1 nwm l ci uf eh. I'hl ntlrlplila H,m , I'xihniii,, Meney-lending rates i'llll.YIM'l.l'lllV IIO.ND.s 700 I.lbettj Uil i',.S MU UIHI J.lheilt .id I'',s 'Us .V1.-1II I, 'bent lid -IVH 'Us .'llll) l.lbertt .'id 'l',s 'US linn Mhi'ilv -llh -I',, '.'ts.., ueii I.ibiin itii -I'', ';i.s... 1 MllilKI VlPtnrV I 'B U I l.Miilfiii Vluery 1 ,n '',.... KKIII Vldiiri HS 'UI! . . 1 niH) Itnldwiu I.ei-n 1st .Is. U.'eiH) I.al;p .Siipcrlei- in, ,"s inim i.i'hiKh VnlU", (Is ."ii'iif l'hii.i i:ie,tiip 1st r,s .it,i .inoe I'hiiu n'pitiic it .is ... iiu.:is ... 111. 11; ... !I..-,S ... 111..-. I ... !U. II) . . . nu nu leis nn .in lets im.-iu .. '.mi.: its in :t( 11m IT .lets French Bank Statement FOREIGN EXCHANGE Npw Yerk, Oet. U0.- Htft lltijj v. as Rtieng nt thi' opening of tin foreign . clinnRp niarhet thi'' inernliiR, with nu mh niipp of Vs e enls, MnikH were U pulnti hifther nnd ether pliihied of px phniiKt fdieWPd piopeition.ilt; guius, TIip nnotntleii'i wpret: Vinuc pnblps 7 U.Ti.., rhepliu 7.2U1'. ; s'erlliij; cables .'t.IKJ'j, demand ."..!)S ; lirp e'ablpi :i.H3'e, i IippUs :i.li:i ; Swiss abb's IS. HI, clipclts 1S.U7; KinlrUr in bles .'11. pIiipKs 'II! !."; peseta ciiblps 1.1 U0, check. 1.1 th, Steehhnlin mhlis U.I UO, ehi'Pks UI le; ('fhiistiiinia utl)l(s 12 SO, chpcl.s lU.7."i; f'epiiihitKPii en IiIch 10.U0, clii e Ut T.l.ir,; llt'ltan ca hies 7 1U, clipiks 7.11 ; murks, .tit!. In the second hour the liiniket was fpiitiiit'd hy a new high en ihis move meve incut in t-tuilini;. The tjimtiil urns wpip: Stcrlinjf cnlilcs .1.!)."i, deiiiiind li!)),; fraiit; cables 7.U0V... checks 7 Us' . ; J!e.' 'Iiin cahlps 7.18, chpflts 7 17: Ufa .iBilc. Ides 'l.li,, r hedts .1 111'., ; maiks li"-''' I Tin- piciniiini en .p u funds lii i iieniiPti (nun was :i i-n, jmi- pe, iiiiiiiiiiiu luiiiis in -m'U ion; wen. n .shiitle luiiier at Yn per cent discount The (Vntinl Kiireppun pxchiiiii'ih wpk sttatly tndiij. The cpintntleus weie: ICillniiliiiin. .711; ltiilRtitinn, . I); Seili inn. 1 .-10 ; Cireek. 4.47: Austrian, (HP., lliiiiunilaii, .11',: ('.peliD-SliiMikiau,' 1.07; .IilKd-Sliivlnn. 'ill; 1'ellsh, 0U!,. yi;sri:itUAY'H iiai. (H'dtvtie.nh Mirllij I'i in, m l.lrr. "lull. I.ri I' m ii'l '"'I1. 7 'jn'. a inn, h 1,, .'..,'" .iiu1. 7 -ii a tn nl i, TODAY ri iiI'll.MVil Ol'OTAIIuNs .lurlili. I....nu I l- ,. .. . .7..,, Mr. .'I'lii n .(H- li dtp. " "i am-. M no 1'iirU rt L'O Thj wrfkly hi it Mm nt if thi If ink ' f rrnn fhawn tlu- fellow In rhariKtH (leld In hand lnrt ii- L'li'i due flainv H.lft In ruihil Int i iik. l.'! " fjun n-tiM in clrcu'utlen di( n umi il .ui -ju no i trmaurv cltinnltH iI-ihikimI til IP. inn -,n entl ftopenitM tficrefiHi'il iis 17 U'n t i'iIh i-unlt-il Incu- tni"l 7 UJit nnri lilH , ill ( I -MIH.il Kl (l( lift! ,nl (II I". Il P,, SI.,', lUO.O'JI) ') ti iik TJNORTHODOX THOUGHTS en The German Mark seem necessary te explain the present status of Ger man currency and te cor rectly reason regarding its future. We have made the attempt in our latest circular. Circular PL U2 Walter j. Schmidt c$, Ce. Memben Comelidattd Stock Exchange of Nea Yerk PHILADELPHIA 13J3 WALNUT STHBBT NBW YORK 30 BROAD STREET 1 310 FIFTH AVENUE Den .n 1 , 'ui I.'-. .1 !,'! '.1 H.t'j '.'.Ti II ",3 RAILROAD EARNINGS I. N.SAH I'l'I'l HOI'Tlll.ll.N 1!,J1 1 Ml' 4 I S lilet ll ,'l KfiiHH t titter tuxes Nl, rn ,ntl ' iir us el ..ttfj I. IX. a ) ir .im. II I LIS HI VIII '1,17 a 7ii'J ..nu lnrrpuie ,'.',S ,,i, .Un r, in HI" lis ! ' .1.1 I IL' SKM lOUIi M nC' ,'i ,f il i , i pi ne 1 (e'l.i ,r a i c in, ii 1 run ln In r tn 7 1.1 l,uli '') 7 IO nnd Mat te " 1,7 but I), Pi'tiibei' se'd eiff te 7 III) ami in with st'iitiiui'iit iuivehm and jjii- 1 20 cunts. le i for e.ni ler c.uh for tine settled. Dcccinber iveh under traile . J JJV eVr cunt r.i'mni K"BnSe wru "l!l a w1? ne result of ben.c relntJly'SS n? n?hr.c"Sfe fi'H Paris Bourse Dull i , i i I'ltllDlll.I'llIA fill 1 pt-r cent, tlint-. Piimmurcim papr tnreii te c ni th L Uli en per wit, ,..,., H , , , , liiiurne tedttv Tin fllilRii llll temlnith ice irnncH an centim.H n lull nn th. eet r tites "i.i nn Londen. 34 I'r iiu lean, Bl franrii in ccntlmim Thtlftpllnr wit. quet,., kl I'I f rune i HI'... .tiiimi It ' Lindsay Light Defers Dividend ( lilriwn, ('il 2u J i ( . a of the ,, m Light Company delniird nrtinn en the quarterly dlvld nd of 1 per e.nt iin the Pi nfer red utetli du Beptsiubar ID. until th.i nifetlliK en Nnvember IB T.itnt iiuart"r ellu .td iui Jjiiiulltiii Unllilt of lfc,3IU. wwM&sMy; Short-Term investments Philadelphia Electric Ce G Feb., 1D22 Maryland Steel Ce. First 5. Feb., 1022 Denver Ga & Electric Ce 7 Mar., 19i. Southern Utilitien Ce. Debcnt. . . 7 Apr., 18 Teledo Traction Pr. & Lt. lit. . . 7i Dec, 1922 Cemtnntin Ref'g Company lit.. 8i June, 1922-23 Returning from 7 te 10 Edward V. Kane & Ce. A Merris Building Eitabliihed 18 yeara mrwwiriwrr