S "r !'' v , $M
' t"Vf ,'rtfjpYT,'.
HVHO ' f ".
'iJW .iv-ess',!--
" ,'". -f
t
EVENING PUBLIC LEDGER-PHILADELPHIA, SATURDAY, OCTOBER 29, 1921
JISK'tyr
20
'
HS
B-
inafisai.VniRKSMY
t- i ii i - J i j i... ' III I I IPl II Til Ml n I I ,
ncruecu iu itLHin
FRANKLIN TRVST COMPANY.
BANKING HOURS
8:30 A. M. Until Midnight
Main Oilicc
13th St. Hclew Market
llelmv ir Ave. ,'ji
unit ni
M rk-t HI. Market S(
I NEW YORK STOCK EXCHANGE TRANSACTIONS
Branch Manager
High-Claa, Man with Clientele te
manage Philadelphia branch of
large wire house. Alie attractive
positions for Customers' Men.
Write
Mr. Merris, Roem 319
55 Broadway, New Yerk
SUN CO.
6s, 1929
MORLEY, WOOD & CO.
333 Chestnut Street
Members . I'hll -("I Mrl.'s
C. b. FATTON & CO.
31) A ClirsTNlT STS.
t .11 rvi-re
successors le
fcAII.r.lt A MI.VI.N10N
Uenil and Mec ks bmiKht unil sold
Memhe.-, Phil i stork F.rhiince
Insurance is a sacred trust
and should be se regarded.
THE PROVIDENT
1 Ltrr -.. Ti m i mi'n i t'ni: PEtriiu
1 1
INVESTMENT
SECURITIES
Samuei McCreery & Ce.
Jlcvilif'1 'hi
Franklin
H;ink
k I - H nye
lUiildmir
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
itxe jiLAb i.M.vir. nur ivix..
lnveti,;.i'e ' i t .iu.'u- i'-p rit,n .end
partners! 'p uui'..iu auJ i,ieprt Incemu
fa rieturs,.
nvwnu,
Dividends
TKAIIKMfNe V1HIU. HANK
V I ii- tl IH ' i'tT 2 "I. I
Th IIet ' ' Tir'"t-i-. a ' ii de
clared " r-'u-1 ii. i r v ' )-i I of
two nnd nnr-h 'If dull rs S'1,"0 per hnre
(being at ih n'" if te iht cent i -i-ium
and an ev'nv dlvldi-id if one dell ir (Mi per'
harp (twine v th ut" f I per rem pr,
annum' in t'i p t.u sk t i un
Durable November I. 102 1, :, itm km i'l.
of record a il.e c ii jf pj.su ess UiinN t i
1021.
V'"l V' " It ' V.'si i-n.i-ir
tOMMIUtOI l. IltlM" tOMI' NY
Phii.de'pr.l '1 t ber 27 IP21.
At a ni'i-Mis i.' !-. r , ' f nt-. fru '
hld this t'fi ii uiinirrli illvlilt-nd f four
4) ier rent w.e d-ilcrtil or, th.. i'nnli I
.Stock .1 (he i imparl iivun. NnifmliT I dentll' lit
111. 1... . IU T Blliflnr.e V bl-UJ 1 u tODtfr
Slxt, 1021
Checks ti" he rml!
nrTtY i iil 'SON Treasur--.
Uli: lull K1 NA11DNVI. liA.Mv
rnii.nir'phu, Oct 2,, . in;j
The nnar.l of Dliertnrs h.i 15 dav rf.
Iclared u nun'terly djv 4n of Atp pr ren.
37r) paxuble Nerertilier lt 10-M. te necI-
(holders of Mcerd at ihe cless cf bujinsi
October 2Mb. 1!21
Checks i . l- v J.
C. .f A'HTO.V Cah-
PreimaU
DKPABTMr.NT or 1'iiuir iwikkS
lll'KKVt or ( T l-Kiil'KKTl
1 n u'le It... I 1 tut.- .'4 19"l
Peal'.l pr-"'u ' 1 . v fev, ,- iie'jir,
S10. City Hal! until Vi n'llwk neon, en
ThurU. Neiember 10. lliii, jna er-ned
at that tl-ne In same te m t p
1. Improvement of Independence Hall
Greup of U-ilMlnsj tjct.era c inetVur-
tun of Beiler oem and Connecting
Tu'ine.s.
S. Heat -ir Svitem for the lmprevm-nt of
Independence Ha'l "Ireup of Pulldlnsi.
a. Ele'Tic Wiring for the Imprei-merit or
Indeienln' Hail Oreup ut bu Idtnca
4. Vai-uuin-:.eanr Stmi fur -. Improve.
1 in. rt 11' InJeptndence Ha. I GreuD ,.t
Bui dltitfs. v OL
, 8. LUhunns Protection for the lrnp-ee.
m-nt of Ir.depurden.e H.1.1 urjjj r
mil dttigd. '' '
6. Au'ema!. pr.nK.er Frrt(wtnn
Itrpr .en-er of Jldeiei
Greup e' H'i dines.
7. IUim'i ' ) rt '" Itemi 13, 4
41P -IJ1 'Y Ha.'
8. Alterat'ntii and Irr pretementii te rte
b ere. ion of ncars et
All abee ap' Iflcatl ins ma 1- secured
CeP(eiL u ' ' '...0
Arohltect, Roem "25. City Hail.
Ter Information and fill yartlculara In.
ttlre at Iloem 117. City Hall ra la"
(Slsned ) rRANK II. CAVES'.
' Director.
Performance of Market in Face
of Threatened Strike Re
garded Significant
1
New Yerk. "M. 29. -Teilny' -ieck
innrkpt niPiiiuntl fnmi tlir jiinNUi'k .
of hews itev ploptiiem : ntul siipculatiM
linntn'ni'cs npt'cnreil tci be nil set for it .
MiMnntlul renrtien, but it did net rr-1
aft. 'I'liirt wns mhiii' irri'eulnrlti Its j
lirice lnnvc-'ftit. jimie lii'sitniirv. but
tlit uiidfiTiirnMit wns newcrfully htrene: i
'ti f 'iff . of MitTirlcnt power te et'r-'
ceTii.. all iiIimhcIpn. TI i mliitiiin of
iiiiiosei J. per i-ptit I i of t'et ji.ir.i-j
(i itim lifter t h. exnirntinii of tlic r-urn-tit
viiir: tht evnlctit Intuition of the rill-
enil I'uciititei te push tbr i litlni for tij
I'uttlicr iciluctieu in wapM ii'id tin i
wuiktT ti'i'lmii'itl position of the tiiurkt't
nil xpeniiHl te forthiidev a uintitiiil
-rtbiirk. 'I'lierp was kene reaction fnl-'
low iiik tin- lilgber ept'iilnir, but the pro pre
tiiiiiin ,) treastli di'M'li'piil b the -iiip-piiiK
--liiirei and the m!-. i.-i-citill tlie.
MfMi-ati icreup, net only offset rews
- h'i" r'iti'ii'd c!M!nri but in-e - rv- i
"I t kepp tin' treiul of tin1 itiarket i
, "'inted upward. t Idst the line of'
Ht ri".v!imei wa- i lien niti red in tluit
111. 'i tlell
Att.'iiti n of tli.i tin.iiie,nl world fei
i he tfteatiT part .if Mi wi.'l, oentoiod
' t he (loM'lepiuoiii .itii'tidinc tle '
'iiieuti'nri! t,tnke of the railroad work
'i - U'lui,. tin- abnti'lenitii'iit of the
n keut pieenrn et the brotlicrlieod'-J
ri'iinn,,! a nuMiaoe from tlie market -dtim,- '
n'li. i'uneuij . the oeiitrovHr' , nlnrm
itiR ii' it was in It - possibilities, neer
oneo dixtiirbei the sc'tintN inarket't te
unj sri'iir cxtetit. Tln m purtly due
te tlie eiitiliili nt belu'f en tin- part of
the iiiarki't world that tli stnke would
i r e i hi I'm tliernmre, the iiiarket '
-till iei..ps in the old -tn'et tradt- ,
tint), ' Ni'mt ii'il tin- iiiurket en strlk"
new-." 'I'Ihte ari oiiie .ihxTH'i'i who
'ind fur mere vt;tutii .iipv in the i
m.irl-e' pi rtemianee and centend1
it W Indisputable t'tlnien of n per- ;
inniieiit onanse in the rub- of -''euritj
Millies. In Mime extent the argument
i b'Tne en' b f.iet- and condition-., and
what appended te be tactful ni.inipu
lene in.ineurv en tlie part of power
ful "peculaln i' lupies iilrIu pr"e t
be tlie pie'in tnnr ttiiKen of irnjeri
n (.uernerit en the construct no Mile. '
t rbe murium, new iter, it is ob-'
mius the current ineveineiit i "no in'
v 1 H h low ib M'lepuirnts are iKUerid.l
w'.il" tle' prel ' mi; f'U'i " l.irye is d"-I
"ed from ti'i'bnlcal i'1'nditleti- On
t!i" eth. r Hand. It iiiu-t bi lulmitte.i
iinderlj ing and fundntnental factors are
ueeii.iMl'.c mere faernbe. both from a
(.I't'iviliitivn and ltiM'siun ui lew point,
thereby plncins the market htrueture,
s-n te penk. en tl ' rtruier and xtrencer
lniindiitieli it bus occupied Mnci: the!
susninc of the ari.i. tiee The mm,, dis. I
turbine eleii)"iits of weakte'-s 1 ;u, been'
entirely removed, lurthei- adjiistniPiiti
rrmaln te ! accempli-ned before tmr- i
mab-j can be e-tablislnsl iti trade and,
liidu-fr". bur th sriath ptecre-s an. i
c 'mp'i-lied .tle'i' a'l Inn's in the rec'n rec'n
iia'ejii I'msniui prei.ii"s npinlly s.ttls s.ttls
fac.ef results as tint altaiicd iu th"
miH'ii-'iliseu 1 i redi; Inflation. ,
it is ci'tiera ij iicepnizeu in? nean-i
f the strik" preprram ny the
railroad workers dues nut bj any means
'miIic the disturbing transportation preb
lem. The hitiiatien is lrtii:iil.v just
where it steed prier t the sudden an-,
neuiicement of the strike order, except
thru the carriers ar" denied permission
te make the contemplated further cut of i
1(1 per cent in witKi s, while, en the ether '
hand, they must emnt material ruliic.
tlen in fr'e pht rans. It U lertaln tin
reads cannot oenti'iuo tli"1 t-tnniirien
jmi'ji In the nuitfer of maintenance of
r.iadw.15 and iijuipnunt te bolster p
net eperatini; income, and tint until in
d .strv has a & iviine renil cin nnt
tuttermen be expected In the t're-s
business. It nrnjins te be seen whether i
in its anemic condition the transporta
tion ind list r can be nursed back te,
liealt'i witl"'it mere 'Ira-t.c remedies.
for e.
Ha 1
l!7, I
Pl.
SHARP ADVAyCE .V
LEHIGH yAVIGATIO
Settlement of Strike Expected
te Give Frail Impetu.i
te Business
City
r
fiEAI.KI) PKOre-AI.S M7I.I. ni:
celed a' He, -n 11 (' m Hal
Ne ember 11. 1U21. at H e'eliirk p. M
then ami tr-r i ut ' i e i . ,r
One 11 1 Ttire' --ae
and
umit've tye
i j r' i s e .-
One,
Tn
r r- i'li
at. r ,.
-.: ila
Is
fir'
i Ji
Twe (2)
two ntaun
(1) I ..- '
1 'ir t Ln'
siperllcat'er in t
i:ni!lneer. Iluera U
N J
Hat4! r''ep'1il r ji
neh ' r K'l."- i
5100 i r.dttl ned h.it l-.. '
bid 'i'.l exeeutu a .er.tra
uwui . ,"" '
The ' "ti ''n reKerve. t- r'-t reiei't
n or a Hit "''.'' Hl,e any '.',r, ,,,
infern .I'lty n am 1 1 d ! r Hf b, .ipemud
IU I"' "" ' ' ' ' , "- "" - "J IU ij ' , ,,
Ail ires- ,r s if ma-k1 Pr pe.,, f,rprall
.t - . i .. -.- ,, . . " ' t..l J'lfr
s in adatice of ne.ir'y ;'. p..,nts
in I.eh'Rli Navigation eclij eil nil ethec ,
mevementsi in teday'i brief session in
tl e local mark". The movement came
In for mere ntrentien because of tbe i
Hliiliselesiire of the want iippl of arec;.
unto Apart lrem the brmider den ines in
I'er.n'vlv.inia Hallrend, tHe trantnc
tens n tne set ""al ' -t wiri .f the
usual perf iiicnry ryi tvi'iie,ed or,
t" hn'f .es'r,n IVe'i'-jhun-'! , nfti :
inking a nf '" for tl e ie. k ,r ritl'..
un
. I r'
ii fhe
l.nir
h'i'lei
n ev
I'l.l'n I
.h.i'i,"
t .('' i
Wef f'll
r-1! hm I
. i. I'i r
,i-i S' .
d.
i d'
shares ,,f
an udsnrr,.
.1.1. I
rpp. J!n' ..
" tirn , I
I.elli"
of 1,
I II'. I
-v tit.
:t '.n
CI
P V V.
i -m i e
C'ik t'n
in D'.,:i
ci'nml".
ir.enare of f'.e th'e.Ueneu
ti.nvi d, opinion i gen
iu I'" al ban'ning cir- I
q lev ! i nj i'i
fr
v J.
nr
nrr MtTMKNT or ptiti.if works
iil hi .i or -it 1'nepntTi
I ii u le i'i! i i , 'ij - ,7 j 121
,ea'eJ r"'pi"il i I b. i i M'l'i fte. rr
"10 'if H"U. unii II 'lock neon en
Sewmlirr 10. 10JI (Thuri.da.1 1. and prti
at that tin" in n imp r. em '-
1. Itnpr en ent if ParK rhrv nr) "4n
Le . fr.,m .sn''-r i. ti Pavunk
iie and nt !n'".j r", , ,,f 'it, un i
I'uBsvunk aea and R in- p." ..K
4sin urd re Krad.i. u
t re tni.'lit li ht , 'i i 4 y i '.
-i-l'ilit.K. 'n' I 1.4 H 1 , i
plai.tltii! irera. 1 15 oe ,..
uuli id
2. Spr inn anl Ppre., irir
e nre In var'eu. ra'kj 3;
t In 1 n Vtn s iuare .
u t .e t ,'!.,,. , f
pi TK 1 'id m n 1 - irr lit 6 ,1 ,.r
U1 pi I IK u ! .1 Mi ,
I" r 1 ,'i ..'If, ,
flulru Iluutn 117 1 I'v Hi,
'.sUfcli. II 1 I.A.N K it
ipr
Mn
1 !
tl"
r u .r n,. I
civrv j
I.'-e I r I
fgri' OIl'K i: III" I III". 1;
" X i:e fiimiKini.
Bri ml ' -M e
The li d
ypnrlal ii
held a' 't'
S1t UP 1 '"
llOtll 1I1U of
A II, Ii
taaliu'.
init
j s, i
if I t
,.f t
r.il 1
' 1 t
Kh.
UN0 HOOK
2'" 1HSI.
eal'ed
i'i pan
'.11a nas
M. -r 'i
( tn..
un 1 - - 1'. a.l. . 1
lieieinUr. Ulil, u It' , ,
ti 1 . unj. . r 1 r, f r
fill ' se uf III" I '.11 1 11 pi 1
It V 1I1IIM S.nrelaiv
be
Reserve Banks' Discount Rates
Offlcl ll ml - II I r it, - ,,i II tupive Ted
ral llioerM Ualika nr uh fullnwe
ir.-nii 1. 11.. Cem' I
Ltfa. butidn uapur
Jiosten . ,
New Yerk
I'hlladelphU
Cleveland .
Itlchniund .
AtMtila
Cliice
Ht I.i'UlH
Sllnneupel'i"
Kunsiei City
lalln
tiun Ij'ruati.
.1 .1 r
(1 f.
t n
.11, ftt, !M,
ii a n
ti 11 0
11 11 ii
11 11 11
11 ii ,1
n it 11
a 11 e,
Ilkia
U 1 ept
W'th If
railrniid strike r
expres-. d
b s 1 her, i ,
the business s'tuat "ii I mernlnt us
te i.e 1. ifci.ni" of t'ie rftil-rin! labor
controvert bad a ijistln f 'i.i'npenmg
(ffeiten bus lies in pni"n a U al! see-tien-
of tie 'Miint'j With this bug.i
I100 out it rbp wu and witb the nenri
appreaei of th" le ' rj.ivn:. 11 material
exiiiirisn u In ih" v I 1 ue of trade h etin
tub ritU et'ititeii This belief Is fur
ther ktn ngtl ened b the morn con-'
f irt ibie ji - t.e'i of the un n v markets
Wh.b' tin - 'hstant al p Iu, en in rates
is loekid for 1 nt,l after tie turn et t,,
51 r, the bunks, ne ertle 1, -s are in a
lutl.r pe-i.i'ti te meet t si .1-1 ',al re
iiin e1 .1 11 s of ile'ir clii.r.tK m I , reas a
e.ir age nr this titue iiiv. n: .illations
wit" pruffnal! uhi'bta'niible. '
I'lMip'e V1 . are MIpiHisd te be it,
1 11 -e touch w tu the Iii, al g'is-lea-e dis
PUtn assert thill ueel.ipini nt- un-
pertain e, ulc 1. premise (l s, ,jy n(j. 1
justinetit of t''e lunp-dela nl M-:tle-i
mi nt of the matt' r, 1 an be ep,. ted in a '
short t in.. If is under-t'ii.il inHrestut
1 leseh allied with fh niimjeement, be-'
com ng wcarv of the ti'dieus d' lay en,
the jinrf of the city adthlt,isrratien te
-ett'e the leng-stnt.ding r leMieri, hntei
prueti' ally deenlcd en mepn re force an
enr adjunincnt 1
The cim rwhel.intij fciipceaq of the new
et bun Mst.rda was ceimidered
hi,!.iy Hignitiuint le the lending bend
beuses, 'lbere i- known te he an almost
iiisn'iitl 'e den. inn! f.r all municipal is
sues because et their tax-exemption fea
tures. Ii whs estimated by bend ex-'
nertH that ever "f per cent of the Issue,
will be placed with institutions eiitftldc
of rhllmh ljrlile-
Sates
100
100
lS'lll
400
00
300
JOU
100
e?no
lue
300
tee
.100
700
I37')il
nne
I .'110
.1100
'.M0
30(1
illl)
i.inn
300
3U0
3100
100(1
.100
c.toe
100
.1700
101)
Oiin
me
.'.no
'.'Oil
i.-:e
1010
I '.'OO
1300(1
M10
100
1100
I Oil
me
MO
1030
300
3110
SKI
700
1000
100
a no
O'K)
1.110
0 10
:iie
r.ne
Kill
S10
..10
1.110
700
lue
moo
401
till)
ntie
me
tee
SOD
lere
100
.".100
1000
100
700
.110
3300
(100
tee
4000
3400
ncoe
400
1.110
.1)0
old
7.)
100
nne
; se
fina
31 '10
300
100
100
390
300
100
700
17100
."00
3.111
3,0
1 (.Of)
3)0
I no
3 Oil
3 t')0
seu
3011
(100
1700
3'I0
40(1
1100
710
tee
100
30(1
5300
14)0
100
11(10
2000
0 10
100
6301
tee
100
400
10U
sOO
SU0
Dlv.
I" lria-h
. . Adams Express J5
.. AJax Hubber 30V4
.. Alaska Juneau O M. S
4 AlIlB-Cbalmers nV
Allied Chcm & Dvb... 84
7 Allied Chcm & Vya pf. fft
Am Aerlc Chem 31J4
Am Ileet Sugar 37
Am Cen 20 i
7 Am Can pf a&
12 Am Car & Kdy 181
Am Unit; Syn C
.. Am Hide ALeathcr pf 3",i
8 Am Ice pf HSifi
Am Infernat Cerp.... 37s
4 Am Iladeter 78
. . Am Safety uazer 4?'s
Am sh'p & com fl34
Am Smelt 39 H
7 Am Fmelt See A 7S
8 Am steel Foundries. . 3e'4
Am Suiiar Ref UH
1 Am S'iKar Hef pr 77?i
Am Sumatra 3i
Am Tel A T.-1 10H3i
12 Am Tobacco 130 ;
12 Am Tobacco 13 133Ti
7 Am Woolen 77
. Am Zinc Jx?ad & Smlt BJi
.. Anaeitirl.i Copper .... 43
fet. He.ilizatien . . 1"-i
4 Aee Dry Uoeds 34 ii
0 Ame til 10.11 i
0 Ateh Tep & Santa ha. SO
0 Ateh Tep & S V pf . . . SO
. Atlantic Fruit 41-j
.. All Gulf & W I 3 S. . '11 s
. . Atlantic it 22
7 Rabin In Locemottvo . "I
Hethlebem Steel B . . it
7 H. lb 1 lir in St, el ;-,.. 01
. Hnitlmere A Ohie 371
4 1,,ll ej uhle. pf .-,0;B
Retblebem Steel 8 pflOl
.. Hrkl.n Hapld Transit 7
10 Hums Pres 114
0
Hutte Copper & Zinc. 4 14
. . Cadde r7.ntral e & n. 13H
3 Cal Zinc & Lead 4 5,
0 Ca'lfernla rackltiR .. 07
.. Cnllfernl.i relrel-um. 43i
; c-aluniet & rl7.ena... uOtj
in C.in.mian Pnclflc .. 113g
. ChesapMlte & uhle... ."n
.. Central Leather 30' 2
. . Central Leather pf . . . f.3
.. Cerro-de-nsce 3n,4
0 ( "Titndler Meters . . 4I?
.. Chicago A. Ot Wca... H1
. Chi Mil & St r 341,
. . Chi Mil & St P f 3si,;
S CM A Northwestern.. Us',
7 ' hi & Northwest pf. .101
Chi A nr West pf
Chi R I A Pac
Chi P. I & Vac fi", pf
CM R T A Pac 7r, pf
Chile Copper
Chlne Copper
duett Peubedy
Cec.i-( ela
Colerado Fuel & Iren
''.dorado & Southern .
Cn urn Gan & Glee. . . .
Celum Or3X'hu;henc. .
Cel Urnnhoe'ione pf .
Consolidated Cigar . . .
Consolidated Ga ....
Consolidated Textiles.
Continental Can
Continental Insurnnce
Cern Products Hef...
("esden A Ce
Cruc ble Steel
Cuban Am Sugar
Cur,an Cane Sugar...
Cuban Cane Sugar pf
T'avlnen Chemical
l'el Lack & Western..
Lmersen-Brai.tiiig if .
Kn.l'cott-Jehnson ....
Krie
Kl.e li-t pf
Famous Players L. . .
Famous PIhmts L, pf
Fisher Redy
F'lsher Bedy pf . .
Fisher Bedy of O pf . .
Flsk Rubber
Freerert Texas
Ganten Wms A Wig..
General Axnhalt . . .
General Aphalt pf . .
(tencral Cigar
General lV.rctric
el. neril Mo'ers
(en Met. rs dth 6r
Goedrich H F . . . .
Ge"ilr . h ll F pf
Great Northern pf . . .
Great North ('re ctfs.
Gulf Stlte Ste.t
Hat'keil A Barker Car
Housten Oil
H lpp Motorcar
IndUhema Beflntng...
lnsp'ratien con Cep. .
ll t.-rh Cen Cerp
I' mat Agricul
Ii.t Agricul Cerp pf . . .
Ii Harvester new. . . .
I- Mer Marine
Ii Mer Marine pf . . . .
I- "r" it M it irtruck. .
In'crnat.enal N ckel. .
Intcrr.atien.il Paper . .
In-.incll . or. Cerp. ..
Ir n Products
Is .end Oil
.Jewel Tea
Jewel Tea pf
Kansas C.ty Southern
Kansas Cltj Se pf . . . .
Kansae & Gulf Ce. ...
Kc'.i.v-Spnr.gfleia Tire
16U
33W
r.s',i
70tj
13
'.'! Js
13'j
3Vj
34a
Gt
:i'
1HS
V.i
Ol'a
171,
47J,
Gl
S3,
331,
i4v;
7'
1S,
30T8
inr,
if, 1
r.vh,
13
IS',
Ce
79 '4
85
100
60
111,
11 u
14
r,4',
100
eh1 2
Id. I
HI
ti.f
f34
75
73
31 V,
3S-8
70'2
7S'S
11 "4
m
.in
1?4
7t
37' 2
711
11
49 '
311
I3I4
fl4ia
31,
JO's
43'a
34 1 j
SO
7H
43 U
Today's Net
tr flee. Chits.
48 J4 ri-r- 54
30yi 2014- W
H H- W
94 3414 V
'4U 40i - 14
SB SB
31 1, am- V4
27 27 - "a,
79 S914 1
85H 8V4
130 J4 13?i- Is
H !4- '
52 5214
(MVx 6.1yi- H
35 K 38 54
74 7 - 14
44- 14
n 8ya J4
30 n
78 78 -f Vi
25la 34
53 U - V4
7714 J4 1
36l4 38?4-r J4
10SU K8I-8- ?i
126 12 Ji ..
12314 t2Js-l- 'sj
70H 77yj-f- i
ST. 014 14
AVA 4IyjH- !i
1', 114
34 34 li 14
10314 103y4- 14
85 4 85 i- li
80 80
314 41-J-f 1
301, 30 4- '4
31 ',2 21' 4- '4
80 9014- 3
505, 50',-' '4
91 91
37M 37,4 .
50J4 50?4- 1,
101 101 -I 1 !
7 7 -- Ii I
111ft 113 l' I
414 414- ? 1
13'4 13H
4 4i- W
0a 07 -!- 14 I
425, 42i- 14;
50', 5n'4- IH
lis H34-i- 14 1
35 , 550 . I
"OJfc 29 14 'r 14 1
flltA 3 - i I
.10!, 3'vi-1- Ji
44 1IV- 'tc
(is4 in,- U
24 1 24 1 - '4
37; 37 J, - H
117 J4 7 34- "4
loon 101 -f 14 1
11,14 I6V4 j
33J, 33!,- U
fiR'4 r.'i f 114 '
70'2 70'4-f 14'
11 T, 13 - li I
70 20
43's 4:i'4- '4 I
3N', 3S'4 14 I
24 ' , 34 4 T ?4
35' , 3511, ..
13', C34 t
3, .H4- 1,
1B1, lOH IH
35' i 3514 t Va
di ei - 'a 1
m, 16 'i;- , I
47 , 47 a I
61 (.1 -r Vi I
MH hl- HI
33l' 33H- 14
64 H 05 - '4
141, 14'J- ',
7'j 7'4- 14
1714 IN?, !
.134 3I)34- 1,
10(1 106 -
16U l'i ' 4
69' 01'U ',
13 H 12 H '- 14
IS', n-
645, 04l
79 70
S5 85 - 14 '
100 100 . .
117 7 - 'J
11 11S H
l Hi 14'i- '4
Males
1090
300
100
1100
100
100
200
tee
4300
190
1490
200
100
31(90
200
Dlv.
In J
Illith
Kcnnecett Copper ... . 22 J4
.. Keystone T ft 11 104
A Krcsge S B 104
.. Lackawanna Steel ... 4231
2 Ie Rubber Tire 117 X
60 Lehigh Valley 54J4
7 IVggctt A Myers rf...l03;.
Lima Locomotive
. . Leewo Ce ..'.....,.
1 Left Candy
.. Merlin Oil
t Martin-Parry
May Dept Stores...
12 Mexican Petroleum
Miami Copper
VflOO 1,00 Mlddle States Cerp.,
l0O .. Mldvale Steel
200 .. Minn A St Leuis...,
700 . Me ICan A Tex pt. .
400 .. Mleceurl Pacific ...
00 .. Me Paclnc pf
10 . . Montgomery Ward .
0 . Mulllna Bedy
190 7 Nat Cleak A Suit pf
300 7 Natenal Lead pf...,
18-"' .. Nev Cen Copper
200 6 N O Tex & Mex
D0 0 New Yerk Central... .
100 .. new Yerk C A St L. .
1200 .. New Yerk N H A H..
390 New Yerk Ont AW...
200 0 .North American ctfa. .
300 g North Am ctfs pf . . . .
3300 7 Northern Pacific
900 . . Okla Pred A Ref
00 c Orpheum Circuit
100 2 Owens Bottling
100 .. Pacific Gas A EIcc...
23S0O .. Pacific Oil
9200 e Pan-Amer Petrel ....
900 e Pan-Amer 13
300 .. Panhandle
3700 2 Pennsylvania K R....
13 0 .. Penn Seaboard Steel.
790 . . Peeplesi Gas Chicago. .
300 .. Pere, Maniuotte
200 a Phliadelpha Ce
1300 .. Phillips Pet
1500 . . Plercc-Arrew Moter . .
(590 .. Pierce-Arrew Met pf.
200 ., pierce Oil
300 r. Pitts Ceal
100 0 Pitts Ceal pf ,....
300 .. puts A West Va
300 . . Pend Creek
300 . . Pressed Steel Car. . . .
90 .. Producers Refmera ..
900 r Pullman
200 ,, punta Alcgre Sugar..
1300 - Pure Oil
400 .. Ray Cen Copper
2400 4 Reading
0 .. Rem lictnn Tvnewrlter 22
BOO .. Republic Iren A Steel. OH,
3630 . . Itenubllc Meters 8
48-4
13
2214
233,
74
1414
0V4
25
19
80K
108J4
2314
1414
25
Ji
2K
1014
4814
18J4
22T&
00V4
19314
12 H
01
7254
50
14yi
20
404
354
74 J4
J4
10
3954
0154
404
4714
44
mi
3954
10
334
10
30 Ti
29 Ti
16
354
m
'
8854
2414
14 W
lit
2U
103V4
2by4
34
is ?;
?i
54
H
54
114
"'?
214
54
54
54
"54
"A
!i
Yi
14
54
14
400 c.20 Royal Iutch Amer,.
Santa Cecelia Sugar.
St Jeseph Lead
St Leuis San Fran. ..
St Iyni s A S W It It
e
CI l-2
1)7
5s '.j
1.17 '2
'
67',
37
314
3S.'s
70
77'2
H'4
354
35 '2
1J4
7 5
37'j
7!)
Ill
s
20 1,
13 j
jit',
"3's
H's
4354
3452
50
7
42
4 -r
63?
KIO- -i-6"'2
133 -
0Ts
ca ;
33 ;-
73 m-
311,1-
3SJ,
70 -77?J-"14
35, !-
30 -
H4
71.4
37 12
79 -!
lllt2 -f
401
7J, -I3&,
-5.1
14 -H!b
-37
354
10 14 -
43J4 -24'4-30
7
425,-
2 ',4
14
1
Hi
'4
1
'
H
-H
',
'4
14
',
Kl
'4
100
700
400
200
100
400
000
50ft
709
300
100
000
0500
100
2000
SOO
tee
50
310
1100
loe
100
0700
1100
J)0
400
ISsOO
soe
1300
1209
2400
2S00
12U0
300
500
1310
500
3100
300
Kill
18,0
1500
1100
1400
.100
100
050(1
1310
2S00
800
200
100
500
100
400
300
300
100
400
100
2000
300
300
80O
100
10O
100
600
Te'a: ale. ailB.Oiii shar,.". i-emwrfl vltl 1 ri)3 'ire) el ars strday.
St Leuis Southweat pf 3354
.. Saxen Moter 2i
.. Seabeanl Air Line. .. . 414
.. .seaboard Air Line pf. 054
.. Sears-Roebuck fiS?a
.. Senec Cep Cern 20J4
. . Shattuck Arizona Cerp 0
.71 Shell Transport 33,
. S'nclalr OH 2?s
.. Sles-Shfff eld 39 H
0 Seu' hem Pacific 70U
.. Southern Rati 19J,
Si i -beru R-iv Tif.... 45
Standard Mill pf 79
4 Standard Oil of Calif. 83V4
0 Standard O I of N J. .153 54
7 Stand nil of V J pf. 100
7 Steel Tube pf 6854
7 Studebeher 77
1 Sibmarlne Beat Cerp. 0
.. S.perler OH Cerp 7V4
. . Tenn Cep A Chem. . . . 854
3 Ti xas Ce 42 i
.. Texan A Pacific 2254
1 Texas A Pae C A O. . 2844
0 Tobacco Products .... I4H
.. Transcontinental Oil . 0
.. Union OH 23,
10 Un en Pac fle 12154
4 Union Pacific pf 6754
.. United Drug 63H
6 Unltd Fruit 11454
.. United Itwy Invest... 8J4
0 United Re'all Stores.. 524
. V S C I P A Fdy 15
3 U S C 1 P A Fdy pf.. 443$
. It s Fend Products... 1254
4 U S Ird Alcohol 47S
.. I" S Realty A Imp.... 50T,
.. US Itubb-T 30'4
h V S Huhbdr 1st pf.... 8S'2
U S Smelt A Ref 334
5 U S Steel 81
2 Utah Copper 30
. Vanadium Cerp 33H
.. Vlaudeu Inc 8
.. Va-Car Chemical pf. . 79'4
Wabash 7 5,
Wabash pf A 21
2 r.n W.lls Farge Express. 0154
Western Maryland ... ! 14
W. st Maryland 2d pf. H'4
W.-stern Pacific 21 54
8 Western Pacific pf... 3S
- WiHtc-rn Union Tel... 86
Wheeling ALE.... 8
White Oil Cerp 14
Wisconsin Central ... 25J,
.-. Wilsen A Ce 36
.. Wlllys-Overland 654
. Wlllys-Overland pf .. 27H
4 Worthlngten Pump... 41JJ
6 Werth Pump pf n.... 09 54
.25 Wright Aero 7ft
' ri .ivldend.
Tr is fur this weei 4. 079. 400.
Today's Net
Lew Cles, Chue
2254- 54
10H- 14
164 -I- 14
4Vi-r H
274- 54
54 T4 - 14
103 Ti
74 -r
1454
-I
IB
8954-
107H
2314
1434
25H
7K .
154
1BH 424 b
13 H
61
72U
50
13J4 -70
V
40 -3754
4
7354-
2T4
19
2954 T
61 "-4 -1
-44
124
SC"-
94-
S3H
19
30T4
2954-
15H-
35t -
7 54 h
60 H
8854
31 '4
14H-
01 -31
K314 1
27T4 33H-
le&i
B'4-
33
301
754-
4S54-
3
13
2214
33 -3254
24
4 54 1
!4-:
68 '4 -30
G
3SK
7894-
1954 1
45 70
8354 ,
15354 r
109
08'4 !-7654-
0 -
754-
8 12
42H
23 54
36 04 -
9 5i-
2314-
12154
67J4
131j-;
113H
8J4
62J4-
15
4494 ;-114-47!j
56 54 -50
54 -NS'fc-33
3, -h014-50
S
3354 8
70 -
7 54
20 34
61t -
0 -
16 14
21 '4 :
5s -
80 ;
8
0
27 9
41T4
00 5',
7'4-
2254
10 H
164
4354
374
54 Ti
103 54
74
1454
954
24
IB
89 51
irevi
23
14
23 H
74
354
1BH
4254
18 J4
33
001-4
10354
1254
01
7214
50
13J4
10Tb
40?,
37
731,
2 34
1S14
39 54
C1I4
4534
4014
4354
13 4
305,
04
C3i
181i
30J,
30 5i
155,
35
714
60 5i
88 54
2454
14H
JO'S
2114
10254
27 Te
33 ?4
135
en 54
22
6054
OH
474
lit
23 54
23
3254
34
i'A
6 54
C8V4
20
0
35
2314
39
78 H
lfl'4
45
70
83
162
109
6H'2
76'0
6H
7'i
N',2
433,
22(4
20
034
0 54
33
'2014
0754
63 i
"354
8J4
63
15
444
114
470
56
49 ffc
8854
33 4
804
65'A
33 H
7Ji
70
7 54
304
01 li
n
105;
31 5i
58
h5'2
s
13 H
33 J,
35 s,
fi
27
41 ri
0054
7 t-i
COAL STOCKS TAKE
LEADONTHECURB
Transactions Are in Moderate
Amounts Oil Issues
Held Firm
NOW Yerif. Oct. 50 .'Prnrlln,. en bn
Jfew Yefk Curb tedaj showed a censld-
cranie foiling oft in the velume mid
Instead of the lieavv dealincn that werr
recorded in the Inst few days. There were
eniy iew HteckB In which the trnnsne
tlenR reached own moderate amounts.
Cenl stocks were In fairly geed de
mand, but without much cbnnge li
prices. Fnrrell Ceal made n froctienn'
gain nt 18 nnd llurns Ilrethers A steel
seld-nt 112VJ. Glen Aldcn Ceal con
tlnued In demand, advancing te -JiH-yi
Sc) far no announcement has been madi
of application te list that stock en tin
New Yerk Stock Kxchengc.
Oeldwjji Pictures continued In de
mand nt around (I. There was an easier
tone te Sweets f'nmnnnv which sold nt
3'i and UUt. Durant Afoters weh un
changed nnj Interpentinentnl Uubbcr
(.old at 7. Tcxns Gulf Sulphur was
steady at li$ te 'J8VJ.
Petroleum stocks B-'ncrally were firm
but did net held early gains. Stand
ard Oil of Indiana started at fcOVi and
reacted te 70. Arkansas Natural Gas
ranged from 0"4 te J0. There was
a small amount of business in Elk
Jlasin nt G4. Federal Oil sold at l?s
nnd Maracaibo at 'JO1,! and 2G1)!.
INDUSTRIALS
Acme Crtui
Acme I'ack nir
, iidu i-ncKiiir
Drlt-Amer 3,'eh coup.
lb,r.n., ,,re A
I Ca It Crushed lult
(hlcage Nlpnlci
Durnnt llnlnri,
I K.irmii coal .f. ...
14 IcJIti.en IIowell
if it! en A.dcn Ceal ...
ft ae.dwyn Pictures . . .
Havana 'fob
Hi iP,rr Rubber
'' National Leather ..,
s 1 hl.lp .Merris
54 Iladle Cem
HadlD Cem prcf . . .
Itfrtithe Ceal & Iren.
Rich
. OS
. ft
. 3
. 12
.112'i
. 7
. 4H
. 2ft
. IN
. 1.1V4
. 41
I)
0u
: ti
Lew Last
n r
r. 6
11! 13
Ill's. lU'l
a; 4 ;
0
en
7'i
'I
r.
1H
lftH
4.11
0
01
7H
11.
ft
14
1
4
14
54
54
"54
Swift Internntlmm!
Sweets Ce
Texan Gulf Sulphur
JI I. & H pref
IJnltecl Profit blnrlng ....
Ln.ted Ilctall Candy ...
STANDARD
Ansrle-Amer oil
Atlnntln riltia
Uiulena OH ...!!'. '' ".','
Btanci en of Ind
1" "' 3'i
1'! i? TJ
:t 2 y
2ft 2ft 25
nu j' m;;
2Hi 28 2si(
1 H IS IS
54 it. W
OIUS
I' 18H IBS
Ill's lilb 10-i
48 4S 4S
eO1- 711 'i 711 Ti
14
4
54
54
M4
Allen Oil
Arkansue Nat Ous
Hesien iVjemlna .
Curlb Syn
Cities riervtce (old)
'.'lllcs Srrvlce "li"
credo a.M,
Cuehlnc: l'ete ....
Dominion OI! .
1 Elk Hasln )'ct ....
I Knu-lneem Petrel .
Ptderal Ull
(Ji.liland Oil ....
denreck Oil
lOninndn
I Imperial OH
, Intel Petrel
iKemtone Hanger..
i i,iinKsiun fal . . .
4 , l.iena I'.t
I Mnracalbe Oil . .
I Me-rut Oil
I Mar, dan Pet
, I Mexico oil
- Mountain l'reduct,
7 .Nntlenal OH n j
.senn .rncr un .
Neblo
Ohie Itanner
Omnr Oil
Sequoyah oil ....
SlmmB Pet
r'kelly Oil
Southern P & II .
Texon
Tuckenes'
V Oil
INDKI'KNDIJNT OILS
ctfa.
. ftu
. ie
. e
. b
.181
. ill'.
. .1
. 8
"V
"''
. 84
lis
si
ir,;
i'i
n
el
SlPi
US
l
IS
1"
.1
11
1)7
II
sft
OH
H
1
14
'4
14
B
'i
3i
'4
4
14
'54
2J4
1!
1'4
'4
li
Alnska-Drlt
lilt- Ledse
Hest & Ment ..
Copper Canyon .
Certea Silver ...
Cie-son Oelil ..
Ijulerei Ksiperani
(ielJIk'1,1 Florence
Hannlil Divide .
McN'amara
.Mether l.iid.) elt
Meih. r l.e Je new
N'litinnal Tin . .
Nevada Ophlr ..
NIplsHini;
Rex Cens
Se Amer V & a
H hllver Iacl ..
Tnnepah Hiinent
Tonopah Dnlde
Tueiumne
L'niteJ Eastern .
MINING
Columbia
Re
83
no
ms
-3
181..
ni',
2',
8
7'i
(,'
31
IS
$
hS
lft S
?
R8
ii
17
11
Oil
ll
8".
(IH,
2S
fts
70
81
80
1'lfc
78
ft
181
in!s
3
8
7S
IN
34
IS
111
eii
20'4
n
le
171'
07
cl
8S
US
r.e
80
81
BONDS
as
:u
i'i
82
IS
ft'i
14
14
r.s
s
r.a
31
ft1.
n
r,S
in
IS
70
3s
2S
3S
at
im
Rl!
1-'
14
14
ft
fie
3ft
.'.'
ti
r,'
10
IS
60
3s
2A
PHILADELPHIA STOCK MARKET
An.
Ar..
Am
.An 1
It'.!.
Stf. Vs
('an. -''
Weel 77
r T.'
Ull
c:-i"
- 1..
77 -
A. Tel. 1''
.MiTAtl tiillf. 1' j
1" Maid I.ec '.'"'4
lii'U.-til.eath -"' i
luf(',,-deri.. Ii'. i
JU.Uuban C
Sucar pf lB'-i
JfsjtC M& St
! pref.. nS
S Cen l'as
Kvv ... 70
li;' KI.'C Ster.llO
jrii-Kne ... l-ni
L'dFi Play C-lKs
1 1 Frutik 5.
Sthwk 20"?
l'i (1 -n Ast.h 01
Si it N Ore .11
."'I "I 11 Mi t'l'P JI'l
Jti.Intr M.ir lnr'i
..11 Ni 1 ul. :;
-, I 1 ' A
li-. K.-NSpc
ulil I, en Nav.
'JI! I.en Val.
l.iMl.., n
1 .' M
lVitM
17 Ner t'en
Iihi.-uk Pred.
le-!
'.Ml'1,
18t
TO
in --ue-'U
ISM-
3S -70
,
::.
l'lftii 110
1"1 1Q1
. mm J
111'',
1
fil'Js
lliiOO Equitable flas ,1b
.''.iMiO Hat weed E'ertric 01
lulM) Lein;!. Valley gen 4,jt
'JiHMI Iel.tKli Valbj 'eal Tis !
7CIHI Pennsylvania li'-js
,r,iliii) PensjlMiiiiii (P-.'R
7lMX( I'hila Ce cons ,'is
'JDiiD Philii Electric 1st ris..!
11000 I'lula E'ectric 1st .Is
.",(HMl I'nit. d null.v's -Is. . .
:i0(WI United UiuUmOs ,"s. . .1.
olieO United HailnajH .Is.
1 yeji.TiUy. 1 I
00
seu
Mf-s
01
101ii
ion' a
N'
s (H
is 11-51 i
Total. I7 firte runipared nltl, J77 Hft'i
iiijh tar tria weea. si.i.n . ".
20
.'11
III.
fill oil
-Ili'i 'U!i
Hit's 1,71.1
r..'ii re"1 1
. . 1 1-4 ' ts
. . . ..CI 1i,ii
f ret. ins-j j.i.i- .
St oil M- H
OS OS
'.ii "V.
20S ..
01 r'
riiVs-f
'M
K
ID i.l M'ac (ni.
40'
fi'!1
.. .. 7
20''i
. iei
35'
IS' .
ill's
II'
1.-.'
ltd'
::u
12'
ij'j'
ll'-r r'.
1(17, -t-U'l
1 l-lu-f- l,t
OS -r2
'2V, . .
ir-i 1H
:iei..
22" U
')"S
:r,r
1
:i.'.s H
lX'-j..
7i 1
Trade Mortality en Increase
Jnr Verk, Oct 20 Ths reeeni tendene
toward InCrcam ill rullurus win attain uvi
dn:4 tM. wtk, rtrultii In the l)nteci
siiatsu numbering 43T, This I thirty In In
(jervAnclaa mere than were rewirtsd (a n
ca'cda tb'e Zsfl failures of this week of 1920. en date of maturity.
U. S. Certificates and Treasury Notes
.... Maturity
11,1,1 1"' nl'' sked Tletfl I
ll nee . 11.21 .1003-10 100 7-33 .1 11',
.-,... K." I"-'-' "'"S I'" IS JJ 1 -7
.r, Mar it'.'.' I'miS iiii", a ',-
.ft , M.c M'2J 1""S I"''' I s,
,.-,4. Mar !''."J lnilfl-tl) Hill 11-1(1 3 .,,1
inn-. inn . IM
1 0 ta-i ni" 10 10
1 H urns
tO IS 103
101 S
'Ui
S.'l'l I'll It It.
S!l Phil PIpe
IT.) .In nref. Illl'1! 20''
pr. p U T... I0i 101; 10..
2eI'iirce.
Ar pf .
20UemiI D
."Otltpp Mts
lOtSiiiclair
inii Sup Oil.
7uStud"bkr
f.DtTrntiH Oil
2 Un P Ily.PiO
r,u I'n Tract :i'
KitUn K In
ir.-. u 1; I.. M'j
UOOtWrijrht
Airj)'1")" 7
100tWcHt Md 0,n
JT. W .1 e.S 20
Net ctiantte made by comparison with last
sale en New Yerk Stock I5ichana.
Tital snlen. 171U Sl.arce. run rurefl with
" lis .hares vestir'r Thus lar tills week.
13 Sift shares
I'HH.APr.l.I'IIIA IIONDS
4 ill llWfl l.iherfv ltd 1'iH 'H .. .. IM..))
1. TiOfX) Liberty 4th 4'4h "AH WA 10
ii I 0000 Victory 41,s '2.1 lets 011 00
iiUTi
70:ls
104)
lf
.';'. j
7 f
20
70 4
KK) ..
hT. Mi
.Wi..
20 ..
tU Knnt lll'JI.. l'.Il 101 IS 4111
lixempt from Pederal normal Income tax iniVU) Hens TrflC New Jer Bs.letS
TACceptaui" yi.veiuiciit ewineuiae tux aue MW, ,-, . M T -
Q-
FOREIGN EXCHANGE
Nw Yerk, Oct. 20. Marks v . re off
.1 points lit the opening of the lercign
etchance market here this meraing. In
the ether principal exchanges there was
litrle rh'.ii.jrc from yestcrdRy'a close.
I'ranca were off 1 point, lire cvere '-a
point lower nnd sterling waB unebangcif.
'J'he urjtatlens wire:
Jsterling cables a.024, demand "02;
franc eabl.'i 7 27. checrtH 7.20; lire ca
bles .'lIM'a. ihecks I! 1)4; Swiss cables
120, cbei'ks 18. 'JO, guilder cm'.s :u,
cheeks :i:!(l.'i; peseta cables 1.", JS,
check- 111 'J'i; Stockholm cables L'.!l5,
checks 2L'.!ie ; Christlnnia cables VA L'0,
Hii-cKn K! l.-; Cepenbairen enblet. 100.",
clii'cks 10; Itelgiun cables 7.P). checks
7.00; marks ..10'-.
The Central European exchanges
were steady today nt Hlight recoveries
from the extreme low llgureR of yes
terdav. Quotations were: Uurnnnlnn,
.(WW: Ilulgarlan, .OS; Serbian. 1.3L
Oecho-Slevaklan, .0tl ; Juge-Hlanan,
.,';:j; GneK, 4 45: Polish, .02' ; Fin
nish, 1.5N: Austrian, .04; Iiui,
gurian, .IS1'!,.
The premium en New Yerk funds In
Montreal today was us P'r cent
discount en 'ariadlen funds In
Yerk was 7 15-1(1 ner cent.
In tlm final dealings, sterling held nt
the rally. The rest of the mnrket
showed an irregular movement, a strong
feature being Italian exchange, which
rose about 7 points.
The ciuotatlens were: Stirling cables.
JS.l)"ai . tlemnnd a OS'l ; franc cables
7.:t0,i. checks 7.20 Vj ; llelglnn cables
7.17, checkH 7.1C ; peseta cables PI. 112,
cheekH 1.1.30; Swiss cables 18.40, checks
IS. 37; marks .fiO",.
TODAY'B OP17NINO Qt'OTATION'H
Bterllna Francs Lire OulMem
. ... 8 HI! 7 3D 8,04 83 U5
3 02H 7 27 3.04 Vi 34 00
CIX)8IN Ql'OTATIONH
Bterltnjr Franqs Ure Oulldsrs
B.BOH T.HOVti ,.ueh at en
NEW YORK BANK STATEMENT
Impaired Reserve- Position Cor
rected Contraction In Leans
and Discounts
Tlie actunl condition of the New
1 Yerk Clearing IIuuse institutions for
I the week bhews that they held $10,-
3)4,120 reserve In excess of legal re
quirements. This is un Increase of
$18,000,500, overcoming the deficit of
$2,5115,470 reported last Saturdaj.
Leans arid discounts decreased $31,
8SS.000, while the reserve credit at the
Federal Reserve Hank increased $1S,
053,000. Demand deposits full off $100,
000. Details fellow t
AvnrueE
The
New
Thle w,u
it) sr.T (101
BO'J 841.001)
.Isu.nse.iJOO
r.ist week
J JO 0.18,1 He
ti;4,U7tl UO'J
,I)S SIS liQU
70,490.000
40:,382.00D
f .783 OUO
6 674,000
Hiees, reserve...
lifa-resnte reHerve.
I.eana. etc ... .4
Cash In vaului
und membei
bank,
ItcHurve in mem
ber batikn ali'l
rc-servci banks. .
lloserve in Stute
b.inki As trust
companies . . .
lleserte, in Htatn
hanks & trust
cmpuny depesi-
torlterlea
Net demand de
pee'te ,. ..S Sf'1.317 fl'O B.M 0,0(14 rift(1
Ttinn deposit, .. 1".' 1, 1 71'. 000 SJ 1, 07s (,00
c ircuiatiun ...., .io.Uiiti.uue
United States
dcV'jslts deducted. SO 003,000
ArrUAI.
This Week
Excmsi reserve. . 10.374.120
At-Kretate reserve ftin.4in.Doe
Ixians. etc. . . 4,3KD,1!41,0(JU 4,401, lOll'itOO
and iii'inber
bank,
Ileserve In mem
ber barrks and
reserve bunks.
Iteserve In Mate,
banks an 1 trust
companies
Ileserve in statn
banks nnd trust
company depositories
net demand de-
jre!"....'.'.: "'D'S!)3 S!?'S?!? 3.''i.8no.eoo
Clreulstlnn .... 38, 111', 000
United Mate, de
posit, deducted ft0.4SC.0UO
tdeflelt.
71.010.000
''7.450.000
8, 071.000
8,680,000
.1. UUT.CJuO
70.061 000
Iyet Week
.2 5(18,470
".HO 004,01)0
Allied Tacker 0s ....
Aluminum 7s
Aluminum 1. 1P31....
Amer Tel (Is. 1022.. .
Amer Tel flu, 181'4, .
.MiHCend Us
Anncend. 7s, 10211. .
Am-'le-Anier Oil 7Vi
rmnur 7
He., vi r Un ml bs
II th ytei-1 7s, ltil'2 .
Peth Steel 7s, 1035
Cent Steel 8s
. "hi Cast III fts
Cem Uas 89, Dalte "
Copper Impert 8s, 192y
Cepisir Kxpert 8s, llijii
Copper llxpert e 1021
Copper Uxpert s. 102ft
Kmplre Clan els, 1024...
Genera! Asphalt 83 ...
Cloedrlch 7s
Oulf Oil 7ri
JFelnz Ce 7a
liumbl.) Oli 7s
Nat Cleak 8a
Otln bteel 8a
Phlla C 7
si nii.-I.,i-buck 7s, lnift
:hllheen 7n
8ehay si
Meuth.-rn lty fls
Southwest Dell 7 .. .
Min Oil 7s
,s lft 7. I02ft
Swift 7m, 1031
Tsx.ih Ce 7s
Te edii IMLen . . .
t n Hy Havana 7S
1 iieuun oil 7 . .
Win h.'St.r 7'4h . . .
. . 4S4
. Ill)
. l'S
. lue
. it'.iS
02 S
. . lis
lul'S
.ineS
. . 70
. . Ml'
. ns'4
. . Uh-4
(14
. . 07 S
..101
. .101
.I'll
.in:
.. 84
..lnii
.. fftS
. .loes
..101'
. . 01)
.. t'2-4
. . lis
OSS
101
. f'0.4
. . I'-iS
. . Hft'j
loe
. 1 uli
101
oes
US',
. 104
. OS's
4R4
i;oe;
ei4
oils
HD'i
02S
t'7S
102S
loot,
70
t'US
t.ss
IIS'-j
04
t"7.
JOl
38
34
un
82
11-
3iW
14
11
ftS
''
no
3S
ft'
0
r.s
111
IS
60
38
2H
48H
1 .-Ni
l'tS
uwS
01' S
2S
US
lOJss.
lmiS
70
lili'i
esiu
08',
(JI
117",
iej
IJ 101J. 101H
is ieiC 101C
2S K'l'S 101-2
84
84
10154 101J4
llftli II -ft
100S lneS
Ol'i
1014
l'2vi
Its
esh
00 l,
!"
101
Hill,
U9S
Uft5'i
100
IOO
101
PUS
U8Va
101
U3
lOOS
101'
H9
0254
UN
ess
unv;
li 8 S
101
1.11S
(CIS
lift 14
100
IIHI5,
Id
I'D S
11 sU
lei
f
NEW YORK BONDS
ISAIdiiS IN 110001
me Ilep'e fts.'dwIUiil Cen Ss.Chlcase St r'l
2 ir.
'anadl'n Nthn
054 a rets
10.
0..
B..
ft..
1..
e. .
1..
102 V4
102V4
103
103
30354
103
JU.t
10354
2 ... 101'4
'anadlan N Js
4.... 10454
10.... 10"i
lie Cep'r 6
17 70
10 70
13 70H
13 70U
hlnese Oev,
1 K ltly 3s
5 40
2 4054
ty et Hereen
s rets
1.... 1014
3.... 101
1.... 101i
2.... 101;
lty Deme 8
1.... 104i
"lty Berd'x fls
2 80S
Cty Chrls'a 8s
1.... 10254
'lty of Copen
bag-en GW"
3 83
1 83
. . . 82
Cty'nie'de Ja
neiro 8s wl
1 07T4
1 07S
Cu C B cv et
10 B7
10 07
Deni Ilep'e B
0 SOS
D Canada 2U
3 01
11 was
n m
D Canada '20
fi 034
D Canada '31
1 03S
Geve't French
" 7 54e rets
8..
42..
1..
1..
41..
r...
3..
1..
18..
5..
1..
3..
1.'.
1..
r...
n.
7...
3...
1...
108
1074
107
2.... 108
2.... 108
0 K Urt Drlt
L I'd 1021
2.... 00. In
ri Urt Urll
I'd 1022
3 0054
IR 00 V
c it en licit
& I'd 1020
03 H
ens
0SV4
... ess
... etsi
...04
... 034
K Urt in..
A I'd 1037
2 004
8 l'0s
2 004
ft DOS
n no.
.... 00s
.... 00i
.... DOS
Ilraill 8s
.... 004
00 U
00 54
004
00 54
00 54
P0 54
00 H
00 S
044
04
04 '4
0454
P4V3
04 S
04S
04 54
04
01 .
04 54
04
114.
04'i
04 "4
04,
J)4S
Oove't V H 8s
1.... 100
3.... 100
3.... 100
n 100
1 U054
Ornd Trunlc of
Can 0a rets
1 Pft4
8 05 14
10 0ft '4
Grnd Trunk of
Can 7S
1.... 1034
K Belgium tli
3 P4S
1 04S
ft 0.1
K ttcie'm 7 'is
2.... 1014
1.... 101
1.... KUS
1 101 S
K Dele'm tc's
0..
ft..
1..
1..
I..
1..
1..
ft..
2..
100 V.
ions
100 s
100s
100 s
101
100'4
100s
1004
1.
t s
2ft.
4.
1.
1.
3.
11.
3.
ft.
1.
U H Mexico 4s
1 30
1 30S
17 .4 Mexico Bs
1 DOS
1 BO
0 B0T4
6 01
6 Cl
10 BOS
U'd S Mexu
Lame. Bs
1 47S
0 47S
0 18
vm'n Aur'e &
Ch 7S
4 PUS
1 0054
Am B & Rs Bs
2 83
Amn T & T clt
3 84,
B 8lc
Amn T & T Bs
1 80
2 SO',
Amn T & T 6s
2.... 1025!
1.... 102
A T & S i-'e a
1 73
A T ft S Te Is
1 70S
1 70S
A Const I, cii
in 73i
33 73
Vtlaa Powder
Ce 75i
10 08;
Halt & Ohie cv
1 70
.1 70S
8 70S
Unit & Ohie 0s
10 Hi
4 04
10 04
1 04
11 t e i' i. 1:
& W Va 4s
1 ue
Beth steel fd
2. . .. 81S
II Steel Bs 30
0 81 V
Drkn Udl C 6s
1, 04
Ukn Ed! 1) 7s
B 103 5.4
'en'l of Ga 0u
2 03.
1 01',
Cent'! Tac lei
B 77
Ccn e de Pas'n
Cep'r 8s
Kingdom Den1
mark ct 8a
1.... IMS
1.... 103S
2 1031,
1 103
1.... 104S
Klncdem Nor
way ct 8s
1.... 104S
2.... 101
1.... 10IS
1 101
K Sweden its
2 8.14 I
jueensra r.xt
Lean 7a wl
M & O Bs
1 8IS
hi U ft 4-,
3 83.
Chicago Unle.
H ct 0V4
2.... 10754
Chi tiVM
3 04H
Cl'd Cln Cln
St Le On
1 04
1 03S
HI'd Cln Ch!
Ht Ij carle
10 78"
Cel IndUBt'l ft
4 72
nm d On
2.... 102S
Del & Hud 7
105
Det Tun'l 4S
7054
D de Nemour
I'wd'r 75is
0.... 100
1.... 100
2.... 100
'Jul Light il
1 en;
rle (lent I. 'en
1 424
Hlrle 11 It cv A
1 38
'rte Rly Ce 4
2 S4S
1 B4S
'Isk Ilub'r Ce
8s rets
2 00
loedycar Tire
& Hub fts
0.... 104V4
1.... 1044
Keale) 101 54
ft.... 1044
1 Nfn niy 1st
3 81V4
1 Nthn It 7s
ft...
1...
IB...
1...
1...
25...
10...
10...
1...
17...
10...
10.'.'.'
40...
ft...
a...
7ft...
"
25 ..
'lud &
2
Pae O B fts
7 83
1 83
lnns ltd 04
1.... 10114
18..,. 102'i
1.... 102
0.... 102V4
1.... 101 S
1.... 1024
IB.... 1024
i.... 1024
10.... 10254
t'ltt Cln Chl .
StI. a 4Vi
1 884
Uck II' d a
L'a 454
n 7
.St I. I'n Ml A
S niy Bs
0 01
It l & S F a
7 0554
ft 06
3 65.
2 05i
e Oft;
3t I. & B F In
10 60
1 B0,,
0 BOH
1 6054
10 nes
11 COS.
11 B054
St 1. & H Fran
Series A I '
6 034
1 0.1S
B 635
0 OSS
5 Mtt
7..... n.iu
Sl L A S Fran
series I)
1..... 70
7054
1 70 li
St L Sew'n ft.
1 0754
St P'J & BIeuji
City 7a
6 02U
Seab'd A Ij aj
1..... IBS
6 (sale) 18 S
Seab'd A L fd
1 (sale) 35 y,
Sinclair C Oil
C.rp 75ii)
2 04
0 04
1..C. 04
1 04V1
8'n Pacific) fd
30 04
J'n I'ae cv 4,
.I"'... 844
Sn Itallway 4s
3 B854
Stand Otl of
Calif 7s
1.... lflftVi
Term' I It n A
cf St L 4,
1 75
1 76
Third ave al
1 ,38S
)...., 3851
C 38
Tr?'Tl;..ou J
--" CS DU4
Liberty .T.b ....
Liberty 1st 4i,s..
Liberty 2d 4'4n. .
Liberty 3d 4V,h..
Liberty 4Ui 4'.8.
Vic Notes H')4s ..
Vic Notes 1h ..
02.70
03.34
02.80
05.00
03.14
00.04
00.70
6... ' ...
.--" Dgu '
i'j'ii Ogii '
10, 78
' r. 4,
J0.... 74
; s
''if''?'
J t,4'
,Rwy.Ce'f!s'
West'n Md 4,
...V'"" 65i,
ln ran ut
-I..... 80
w union 654,
. 1.. . 101.
1.... 103ft
7.... 102
.... 10JS
Weslhs's k.
Mf 7a
' 103!.
1 103 v;
1 10S
....v.
....
02.02
03.10
02.7(1
05.00
03.02
oe.ei
09.01
1..
1..
02.52
03.10
02.70
05.00
03.02
00.00
00.00
3.
7..
3..
ft..
103
102S
1U2S
102.
I'.... 102S
1 ... 102S
".... 102ij
7.... 102S
1.... 102 5,
2 ... 102S
1 ... 102S
Queensl'd I.t
Lean 7s ct
3.... 102S
1.... 102S
10 10214
Hep Chile rci
4..
ft.,
ft..
1!!
4..
1.
004
00 54
09 S
00 5,
00 S
00
oe;
rtep'c of Chile
of '20 wl
1 00S
1 00 .
ft. ... 00
2 09',
llepub of I ru
t-uy 8s
t en
1 .... 00
1 ..00',
110
HO",
111)
nes
... no
Ohie 4
70S
, ... 78
,. . 78
70
78
O cv fts
834
& Alten 3s
. 40V4
CJ OS'
104;
104?4
105
104S
101S
10ft
104 T4
105
105
10ft
ier.
1015,
10.','.
& Kfle IbI
.. . 82
. a v is
5 55S
Chl Mil & I'm
Sound 4n
2. .. 03S
1 03.
)ilcage Mil X
-it I' cv 4U
2 62S
2 1'S
C A Nwn H'4n
ft 07S
hl & Nwn 7i
I'.... 104
1 1034
ft.
0 &
1.
11.
4.
1.
ft.
C &
2t"
'hi
B
IB..
ft..
10..
1..
0..
1..
4..
20 .
17..
10.
Chl
4
Chl
104 H
104 S
104
1041;
104 54
101S
mis
105
104H
101
104
104
10.1
105
10ft
m.'i
103S
10ft-,
103 i
Man rd
,. 72
Hud & Man In
10 42
2 42
1 42
2 41 S
1 . . 41
Ilia Ccn'I 04
1.... 10.1
2 103S
tnf Met 4',.
10 .... 12
Inth'e It T fd
2 B5S
11) B3S
1 B34
I M Marine 0s
1 83
l-wa Cent'1 4
B 33S
Kan C Ft 8 A
Mcmp 4s
2 6014
K C & S 111,11
3 70',
Kan C & s fta
1 704
I. & Myers fts
1 804
Mln & St I, 4s
2 ;0
M StI' . S Ste
M 0'4 rets
1...,. 00S
3 00 S
Me Paclfle 4s
1 B7
1 56
1 67
ft r.7
15 07
Nevada enns'e
Cep'r Ce fts
10 78
New Or Tex &
Mex 5,
2 (IIS
M V Cfl 4S'
2 61 Vj
" Cenfl 0"
... 005;
... 00';
... 00
Cenfl 7s
.. 103
Chl & St
Financial Briefs
1
The average price of the twenty un. l
dustrlal stocks advanced 1.03 p.? cf',v
terday te 73.80. while the twenty r.'nVE?'
advanced 0.71 per cent, te 72.04 a'lrei-.
4.
1.
X Y
1.
N T
L d 4s
1 784
7 T'k Light
& Pwr Bs
1 80
New V N II &
II 13 'B0
1 30
'c T N H Si
Hart'd 0s
3 ftft
N Yerk Stute
Hls l4s
4 8R;
N Yk V.' C 1
Hest 4 Si
1 82
N Wn ev 0s
8 103
North IVent'n
Bell Te! 7
1.... 10ft
1.... lOftV
Vri S I'
1 83 ;
" iii'i
t 03i
OriKeii S I. 4
1" Sft'
Directors of the Tradesmen's v..c A
"."I1 .1eClar,cd a ""' Q''rter.y dfcj
of $2.60 and en extra JI. The reml W
dend being at the rate of 10 wr cem n ir'
num and tlie extra at the rate of" r.r'c,"'
On the basis of September raltrnms . .
sr, far published It Is est'mated thSt is0"!
eperntln.' Inceme of the 201 ciSS . net
curriers of the country for that mniiJl,-n
bs about 7ft.00O,O0O. This would ?wlll
with t tal net earnings ni : $l"e.V4 1 '03?"-
?ePmbcrrk'l020.OmU '' th ' TC
A meetlns of the directors of th, m.14.
baker Corporation Is acheduled for MeaafJ'
when it Is expected that regular euVrt.J:
dividends of $1.7B a share wUI be'djffl
en its common and proferrod BteSti.
The Seuthwark National Dank has .!.,...
Henry A. Jeftcett a vice president : .
LeuiB 1). Ilymes. of the Public "ttkSm
Bank of New erk. nn assistant c,hl'
Mr. .Teffcett will assume Ilia dull,, , ffi;
vember 11 t.nd Mr. lfjmns. who Is svh.I
Its connection with the Public Nan?JK
Ilatrlt. shortly afterward. naUeni
Cern I'reducts neOnlng Company for n!.
months ended September 30. reports iuriS,.
after churaes and Federnl f-V T? Vi Vi'S'.".''
.n. l....- -... -.. : ' ."1 vi ,. uas..
480. eaulvn eut. after preferred dlv'dend, te
$7.ftl a share earned en the 140.784 Olie eem
I-IV.'V... -.-,'V "" ..'.;.,."-". """
li.imi.iue. or ... .u a snare,
responding period of 1020.
surelu.
In th, cer-
Samiiel r. Strelt. presides of the sinet
C'learlnK Corporation, Iiiib Issued a steta
nwnt te the effect that fortnightly a.iti,"
meats for trsnsactlens en the Londen stnii
i:chanK0 are a pessibll ty b.'fer.) Aumit
JI. 1022. This svrtem was Ulsoentlnued Ii
the Ick nnluif of the war. u '
A special meelng of De t)rnr Heek 1,4
Hye stockholders will he held en DeceraSr
30 for purpose of voting en an Increase In
capital atecki
Stockholm reports that tlie Swedish ...i.
lean, under discussion tn September, hi.
ten postponed until next year.
(ui
S. S Kresce Company Is preparing te aik
stockholders te authjr'ie nn Increase lei t
preferred stock from $2,000,000 ti JSOeir
000. I'rocceds will be used le flnancs -j
pans'.en. c
The Minneapolis' and St. Leuis Italtreil''
roperlM cress earning for September of tl4
ftft I 023. net operating revenue after dn"
ductlen of eperatlne expennes of $1 307, SI)
wus $240 810 Af'er im ! r r !iltfj
charges there wns a deficit of $.',8,419,
McCH nn & Ce
'ret department
Kinney.
h.ive opened a
In ihitrga of
bend trad
Frank
RAILROAD EARNINGS
ILLINOIS CKNTHAL SY.STE5I
10 J I Increiit
September' gross $18,020,300 J2,38J,MJ
Bolnnce after taxen 1,4811 025
Net epi-r. Income.. 1.004 8811
Nine months' irresi. .110.820,221
BalariCH after taxes.. 12,775.112
Net eper. Ineome . 10 820 "04
CANADIAN PACIFIC
September gross . . . JID.4DI 701 J514.I1M
Net nfter expenses. . 1,320 050 411,Jli'l
Mno nuinthi grees .180.387111 11.040.7111
Net nfter expenses 21.000,071 2.743.SI1
PENNSYLVANIA SYSTEM
Sept. eper'u rev. .$35,713 02J J19.531,7H
Net operating rev.. 11.307.513
Net operating inc. 4,022,800
Nine ine eper. rev. 100 205,518
Net operating rev. BO, 042,187
Net eperatini; Inc.. 27,025,704
KRIB SY8TDM
September gross. . ..$10,241,103 J2,5t,,tS
Net eper. income.. r-iu.l.,i
Nine months' gross.. 81,732.805
Net eper income.. 1,037,000
iJecreuse
351 974
391.113
ft,mM'
12.784.1S3
i-.'.4s:,g
1,829.0
1.056,784
23.S73.fl20
10.013.(gi
10U777.MJ
418,113
672.BM
1S.OS1'.810i
hi Itallws s Omsen S I. 0s
I n.11 1.... 100
1 05 5, Orei.n S . ,-
14 I & P 'd 1 100
1 72S Packa'd Moter
Car 8s
'l
NEW YORK SALESROOM
A PROMINENT PIIILADKU'HIA
sMIIUT MANl'FACTt-rthlll WOULD
-HAIttl CENTBALLY LOCATKU NEW
V' ip.K OFFIC1J WITH 11ELIABLB
'IIILAnF.Ll'HIA FIIIM
n 212. i.mier.it ernti:
68,034.000 63,778.000
001.710.000
8,808 000
4C:,7B7.000
8,704,000
8 702 000 0.148.000
220 700 000
J-.vllU.0Oll
44 B20.O00
Demand
Cables
PemariA
BAR SILVER
bar
01 'Cables
0.03ft 7 at
3.00
84.00
j,u,,ie.i,u 11.1 anvrr was UnenamrM Ir.
V.u, Yerk liwliv lit r.ni: n r..I ni" "f.?""1. in
. . . . -. " ".us 'iiirr. rir
ecu, 71r, u gain of 4 tn iximl, ,, ,1 .
price was 5id higher at 41Sit '-"N'1'" '
Movements of Vessels
Nbj.m Yrk' Ct' -0"A""'1- ralerm.i
T(dlsktw, Oct. 27. Sailed Algeria. New
mtr&werKT- '-$' Csntennlal
Philadelphia
Heavily Oversubscribed
Subscriptions may still be made at 100 and accrued
interest te the new issues of U. S. Certificates of Indebt
edness bearing 4'49-' and 4'2 interest, although both of
these issues were actually oversubscribed before mid-day
Thursday, October 27th
Te these unable te secure the full amount of their
subscriptions wc recommend the purchase,
at market prices, of
U. S. Victory Notes
yielding almost 5 per cent
Commercial Trust Company
Member Federal Reserve System
CITY HALL SQUARE
PHILADELPHIA
51'h.UCIS
J3200
m
SPRUCE
8200
i
1
J1
fe
?v.
I . JlW jh
T-ijr
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