w. ByENING PUBLIC LEDGER PHILADELPHIA', THURSDAY NOVEMBER IT, 1921 23 . Jk V'W mHMh IIIWI WW WWW Wett Phila. Office 52nd & Market Streets Germantdwn Office Germantown Are. ab. Cheltea Ave. Delaware Avenue Office Delaware Avenue & Market Street Te the People of Germantown The Institution that gave 'Philadelphia Day and Night Banking Service new offers this same con venient feature te you through our riew office, Germantown Ave. Above Chelten Ave. This new office, with hours 8:30 A. M. until midnight, has been opened with the same thought that prompted us te establish two ether offices in the city that we could meet the require ments of individuals and institutions in the main business centers we serve, with complete, conveni ent banking facilities. We cordially invite you te visit our Germantown Office, and permit us te assist you en any banking problem that may arise. Resources Over $14,000,000.00 FrankMl rust Ce. ' TJhn' M .VAHMln 4V 'rail i7iiitiiMn Main Office, 15th St. below Market . C. Addison Harris, Jr., President GOSSIP OF THE StREET NEW YORK BONDS ' tflAI.KS IN 11000, The Imtitutien that gave Philadelphia Day and Night Service $75,000 Ware County, Georgia (Way cress County Seat) 5 Read Bends Due $25,000. January 1, 1936-38 inclu At 99 and interest, te net about 5.10 ' HARRISON & CO. BANKERS 106 SOUTH FOURTH ST. PHILADELPHIA Memberi New Yerk & Philadelphia Stock Exchange HAMBLETON &. C. Established 1865 Baltimore Washington Philadelphia New Yerk announce the removal of their Philadelphia Office te the Commercial Trust Building Telephone - Locust 5077 Earl B, Putnam, Jr., Manager Brazilian Government Bends Bought Sold Quoted Pertinent information en any of these issues sent upon request. A. A. Heusman & Ce. Memhcrs yew Yerk Stock Vxchitngc 20 Bread Street, New Yerk riiin.iKi.riiiA AMSTERDAM. Private wires te principal cities WASHINGTON ii..i.i..i:m) fjfeT WE WISH TO BUY M. ( . ( . X St. I1. (Chip. A -Me. Hli. Mi.) V. A St. I (C. IV. A 31. Mi.) Int Vh 11)1)1 II icon Tprmlnnl 1st 5's inc.-, WlfilNIR BtDC, PHOADCIPHIA ManimPUeJMlt and Ntie Yerk Stock Extfcit w retx tuiMrm. nj. rl. pggipil "I Observe, Sir. That se and se has taken place in such and such a company. That the earnings have fallen oft considerably. That a merger is discussed with this company, etc." This is the work of a competent private secretary. Identical, only with mere thoroughness, is the secretarial service we render our clients, each of them all of them. . Our pamphlet, "Selving the Invester's Problem," explains. Ask for it. Ne chnrgc; no obligation. Alan A. Alexander & Ce. STOCKS and BONDS COLONIAL TRUST BLDC, PHILADELPHIA Ker.t Race 0M0 mill Locust B3KM-2-8-1) llranch Office, HrliUeten. N. J. THE GOODYEAR TIRE & RUBBER CO. 10-Year Debenture 8s nt 99'a and interest EDWARD L0WBER STOKES 20 Seuth 15th Street Locust 0343 PHILA. Race 3S39 Tiega Steel & Iren Company Heavy Commercial Machining. Experimental and Teel Werk. 52d and Gray's Avenue Philadelphia, 1'ft. RES?. ' 1 1 S- VITIlll yg A.D.C0NVERSE&CO. Commercial Trust Building Nfw Yerk Ualtlmere immmiuu Kingdom of Belgium 6s Due Jan. 1, 1925 Samuel McCreery & Ce. Members Vhlla. Stock Exchange Franklin Hank Hulldinff s'McGLINN&CO. Members A'. V. Stock Exchange Widener Uldg., Philadelphia United' C Imp B' 1923 Lukem Sled . s 8't 1940 Metropolitan Ediien 5't 1922 Herihey Chocolate 7Vi 1930 Fastest Service In Philadelphia ODD LOTS KARDOS & BURKE 1421 Walnet Street Philadelphia rhn 8rfm n SERVICES FOR SALE! Ate - years "nirl Ueslre runner. tlen wll'i Sulfa uriiaiiizailnii in .Snle. man or Assistant te Hales .MaiuiBer. Hftve lia.il considerable experience utona utena ihiH line. A permanent onnectlen Is deslrc.il II Kill, ledger (irtlie. PENNA. TAX FREE SECURITIES PAUL & CO. Member l'lilhi. Meck Kxcln.ntie 1421 CHESTNUT ST. The action of (he rolls Is liclng watched with en uniisunl ometmt of Interest by some of the closer lnerkct observers, for it In believed the Im mediate future of the market will de pend very InrROly upon tne movement of this dlvMen. It In the cenHdimis of opinion of several competent ennlysts that the nvcrnpce level of the nillH must either be brought te n closer parity with tlint of the industrlelf, If 'the current (ming In te lie continued, or else the nvernge price level of the in dustrials which lini been materially railed must automatically fnll back closer te the line of the rail division, l'pen closer examination the current market is found te be heavily charged with cress currents, ninny of which arc net visible te the naked e.Vf. Opinions arc also (ulte conflicting nmeng &emc of the recognized shrewd judges. On the one side n confident belief prevails n mnjer forward mvlng has been fitarted, nnd wc nre having new what Is popularly cnied a "sneak ing bull market." On the ether side It is contended the market is'te a lame extent n rleuetl nffalr nnd reflecting little else except the transient operations of professional speculators. There is still another crowd, who pesMbly can be beet described ns "waiters." Thev feel bullishly In clined, want te buy stocks, but believe they can be picked up at lower quota tiens, especially when mnny Htnrt te sell for the purpese of estnblMiing looses for income tax statements. The tiucstlen I'cmnlnins unanswered Is whether history will repent ns It did last fall, or are there many who have losses te establish. nig Things Ahead The army of mnrket optimists are constantly Increasing In numbers. Here Is n fair cxampla given yesterday in one of the cheerful (lashes ever the wire of n well-known heuse: "Whnt is going en new Ih only n fnlnt Intio Intie Intio ductlen as te what is te come." December .Maturities Large Obligations of various corporations maturing next month will be unuMinlly liirge, especially these of the public utility companies. The maturities for the month total 5t01.'J."f),07.". ns com pared with .S40.i!.r(1.075 in November and S'Jl.G'JR.'.nn in December Inst jenr. Of theFC total obligations falling due in notes and bends. $.YJ.001.(l.'tU con stitute maturities of public utility cor poration while the railroads have the unusually small amount of Sl-MtiT.lin. Among public utility maturities in De cember lnrgest and most important Is sue is Consolidated Ons Company !?.". 000,000 one-year S per cent notes due December 1, 1021. Ohie Hell Tele, phone Company ?0,ll."O.O0O six per cent, notes Is another Important ma turity, lieth of these cempnnies are In strong finnnclnl position and have already done 1'nmnclng te meet the ex piring obligation. Among Industrial corporations Lig gett & Myers Tobncee Company will pay off $120,000,000 three-year six per cut. notes en December 1. Amen an Can Company will pay eiT $3,01)0, 000 ten months eiciit ner cent, notes en December 12. Tills lean was of sensenal character and used te buy in ventory in the spring which was later turned into cash by talc of the finished product. Mnny small issues falling due in De cember will he paid off without refund Inc. The recent lmnrevemcnt in the Investment market und the easing of money rates will enable these com cem nnnlnH which lmvn te de some financing te obtain leans en better terms than have prevailed for several jcars. ltecenl Mexican Oil Shipments According te advices from Tniupiee, the Mmicuti Petroleum Cempnny shipped .'$, 800,000 barrels of oils from Mexico durln; Octetci , bieukiiiB all previous rcceuls. Steel UiijIiir Slewing Down Tn its weekly review of the iron and steel Indnstiy the Iren Age snjs: 'Tea tares -f the week hne been slew-ins down of buying nnd an en dug iff In prices, with eme reduction in mill operation. Remaining six weeks of the year it is evident will make better showing In mill output than In new business put en books. "Car work H still most premising factor in new lmjing. The S.mta Fc has placed '-'."Oil cms and Illinois Central 1000. r.iitfr is xKctcd t close for additional IIOOO this week and te put ml inquiries for 1()(K) mere. Alabama, Tennessee and Northern has closed for lidO and the Ilie Crand- for 700. Itur Itur liugten program calls for 7:i()0 freight nrs, 1L'7 passenger nnd lifty-live loco motives. The Seaboard Is Inquiring for 100 cms and I.aek-iwauna for fi00. "About. IL'0,000 tens uteel will go te Chicago district, milla for cars just placed under inquiry. Hepnir entrncts let and pending cover 12100 cars. . "Weakening of prices noticed this iiienih ri'prcscnts effort of mills te Keep up operating vn'e of late October, a ouicswien of $1 or $2 per ten being mere tlinn mad? up by lower cost of fuller uliedule.s "While demand for cast iron pipe lias iliepped off with approach of winter, It is -till considerable. Huiiip makers !uic advanced t'rOMi Ii te .?! the diffeienliul beiwi'eii six-ineh nnd four. Inch pipe. "Selling bv a leading Southern iner. ihant company of several thousand tens pig iron en lusN ,,f .jis Hiiiiiingliiini has p,K iniuiiet down te that point, de cline of $1. At Pittsburgh feujidrv and ni'llleiible irons Inn,, dis-lincil liflyciuits and leislc sluivvi tendeiicj toward 'wink-i-css." The growing abundance of call funds liiuN rcid.v i-eileitiim in the inci-easing activities of (he wirieus peels and ether speculative combinations. Proof of this is te be found in the resurrection of a number of Inactive and obscure issues, feiinerlj designated iw the "cats and dogs. According le the compilation ,,f 1 1 1 r Dciiiii-tmcut of Commerce there was a total of :L,.S0,-1..-,S7 pem,,!, f various kinds of hides and skins imported into the I'nlted Stales during September, 11)121 ; In August the aggregate had been ,S.()!)0,tM i pound-. Cnttle hides repre sented dil.K per cent of the month's arrivals (10 11 per cent in August): goatskins, 20 00 per out CMS.; T, per cent in iigust ; calfskins, Ifl.r. per cent (15.-1 per cent ui August I : sheep skins, II. S per MMit (11.0 per cent in August); ether hides and skins, :!..'( per cent (12 I! per cent in August). The September. 1IILM) and lllL'l. jm jm jierls of hides and skins show little variance In the total Iniimber of neiiuds. However, eiil) 1, 700. D.,") pounds efCulf. skins were impeited during September, 11120. and In the same month of this .vear .", -H.MS. 71 7 pounds, an increase of L'O.'S per cent. Dry calfskin ImperlH rose from .7(l.rd)ll pounds te 1. Ill I, Ml pounds, nnd the green or pickled from 1.21 I. .'WII pounds te :s.M,T.17(l pounds. Oeutskin Impeits likewise were mere than double these for September of Inst )eur, the gain nppl.ving te dry ns well as te green or pickled skins. j, TJin TRADER. Liverpool Cotten l.llrl nuel. Nu 17 -Sliut I'litfnn .. ... (Hili'l hut linn tu'luy un tl.e LnMja of in lh,l ler mlflillliiK un uilvninv nf IIJ Tim kuiih are HO0II lia!e 1'ht r were no rrcflpin Kuiures weru nnltit Heet erlee were: jVtnei' lciui, mlddlliiK (air tZOSil, t-QiiJ mlddlliiL' ll.L'Hch fully mldilllllk-. lO.Stldl ml.1.1 ll. V J 10.4sd) low mlddllnir. 8.18J, noed eriilnarJ! a 1A3H ordinary. 0.68d. v.wuary.j Arre nep'c Bb 1 78 Canadl'n Nlhn 0V4 rtts 1 105 1.... 105 ..j 10T Cnnndlan N "s 1 .. 108'i 1 1084 CMIe cep'r 0" I K3 I sa SU 10. S2Vi K'J fiS' fCV4 10 1.. 10.. r... Clilte Cep'r 7a 'S II8W r. nt IISij in esh 22 tlO Chlnpae Oove't IMC Illy 8. 2 4SU 1 42S 1 IU A 4.1 City of tiersen 8 rets 1 .. 101 Clly Heme Ra i.... lnim 1.... 100 1 . . . . lflll" 1 100K, 8 107 Cty Chiin'u 8 1 105V4 2 ... 101) 2. . 1051', i.. . iem City of Cepn. tutsan nvia 2 0t 2 .. SOW Cltv Lyens Gi 2. ... S7 a.. . m Cty llle de Ja Ja Nrle Sa 1 fill Perlo ntcan Teb 8s B. ... 101 Qunal'd Ktt Lean ct 7s 1.... 101 a. .. mi 104 104 101 104 10.1T4 104 101 m:i 104 11)1 I . 1.. I.. 1 1.. a!! n.. i.. r. r.. n Chlle ct '2d 2 oey. r. .... nt) 1 .. fl!l. 1 004 n Chlle ct -41 mt i.. n . i.. 2.. 1.. 1.. 1 . tl Chlle et '40 100, 100! 100'i lO0 100 100, 100 mm, 100T, 100 100 100, 100 100 1004 R Cuba ms ft 72 ttepub of Uru- Kuay 8a 2 ... 101 4 I.. 0.. K... 20 '. '. .' 1... 1... 1... ... 1... 111... ft. .. C... lluah Term! Cs ft 81 CM Leattir Da 1 0.1 Cent' I 1'ac 1st ir... .. 7di in 71m Cfrre de Poa"e Cep'r 8s 10 . . . 1 1 1 2.... HIS 1.... 111 C'lt A Ohie fd R (aal) 8" 1 (sale) 87 '-j 4 (sale) 87S Chea (. O cv 3i 00'i 00 nu P0T4 ine ni) 0! City Teklo ftn 1 01 H 1 0J 27. 1. m 103 102 Hll! 102H 102 2 ... 102 ft 102 1 101 Stats of Sae Taule ct 8s 1 01) 1 Ill) 10 !!, 1. . . IH 1.. City Zurich si Pwltz'd Cen 8s 1.... 10( 1. .. Ill'Sr Cuban A S 8a 2 ... 100 2 . . 1 1)') Cubun C H rv ft im 11.... Cl C'n C S cv ct 2 .. . SOU Denmark Coe ct A 8s 1.. . 10(1 1 SOS DenmarK Cen ct 1) 8s 1 10(1 I) Canada '2VI 2 07 1... . 00'i 4 07 ft 00 2D -7. 10 U7 D Canada '31 1 01N -.. 1U t)4. Gevf't Trench H 7 'Ja rets 1 ... Ill' It Ji Ort IJrlt & I'd 1022 1.. 1 Sl'.i n hi '4 1 81 4. ... S4'i 4 .. . 841, 10... . 84H ft H 10 HIVt, 100 10 844 101 Chi t Alten '3s 101 1.. .. ftO 101 1 60 101 Chi & Alt 3ia 101 2 .18 101 2 38H Chicago & Alt char His 1 R7 CCA char G 3 non 8. ... DOS Chi II t Q Km 10 S2'.i C II & Q 11 4 ie fini C II & Q 0V' 2.... 105 ie.... 10.V, 7.... 10S!, rt.. . ier. 3 108 Chi i. O W 4s 2 ftS 1. . . 111 Chicaire Mil A St Taul 4s S ... 72 1 .... 72h Chlcace Mil & St P 4s '2.1 1. ... 7ft 25 72 Chicago Mil A SiP cv 4',4s 7 (Htt 12. ... 03 Chicane Mil & Sir Bin 44j 2.1 80V4 Chlcaie Mil & St V cv S 1 04V.4 Chi & Nwn Km I.. . 70'4 C . N W 04s 00'4l 2 08 nn.UiChl Hallw,i Ss U If & r 1.. r... v.. 1., 20., U i- A . . UU Ort Ilrll 1 102!) ... Uil", . .. 00 ... 00 ... U0M ... 1)0 ... nn Ort Ilrlt I'll 1037 !U ft. . I. 1. 1. ft 1 1. 1. . 1. . 3.. 1.. I.. 1 . . 1 . 3. . 1 . . :i . i . i i .. . ie i CiO0't I' ll ... . I . . ftlFUlP) ,1 nr 05 an' :ft !!.-.', 0.174 S.1 Hft'i 115 ' P.1 05 'i 05', 05 or.', !l.-. 05 '4 05' j 05 05 ' 11.1 ", 05 05' j 05 05 05't U Ss 101', 101H lOP, 101 l't mm ,.: 1 01 '11 1 04 1 ... 01 2.. .. rl 2 01 2 01 U H Ilrazll 8s c n 10.. i. i.. 10 . ft . i. c n i & 102S 102 102W 102 102 mad 102 102 102 r,nu !0 en, en no p fd 7ft 7ft 7ft 7ft 7ft 7I'4 7fti, P 4s 77 V, 4i J.... SOS Chi & W t 4s 12 07 1.. .. IIIVj C N Y 4s '50 1 8S Cl'd Cln Chi & bt I. Bin 4s J 85 Cole nsmi 82 I. Chi r 3 102 Ccms'rt Can 7s 102V, 102 102 102 102 Adams 1:xd 4s 1 70 1.. .70 2. . . 70 1 ... 70 Am'n Agr'.e Cli 7'is (I ll 10. I. A S 3. , 1 . , 3 , IS.. 10 . in. 10.V, . 101 . 104'i, . 101 'i . 101 . 104 n e fd 18 ... 00 ... 00 A ii'k r.i ... 81 13.. s.. 24 . . 1ft. . 01 it .Am T & T ell 101 UI. . . . S7 ft.. Iu 4. I .. DUO fd ct I 4 tVDen & 11 O fts I ft. . . 04 00 i Oct i:dl us "40 00 1... . SO'4 l,ii, iDft Udl m c, 00 2.. .. 07 '4 Oct Tun"! 4 '4s S . . . 80 1 (sal") SI 4... . SO '4 84', 4 81 S4'l 1.. 81', 8 I ij O Match 7'i,s si I l iee, 82 V'.1" de Ninieurs St S4 in 1'iiv. llll 101 ini) 101 Trunlr 20 . 1 1 1 4 Oram! Can lis rets 2 OS 1 . .OS 13 . . , Grand Truck of t.an 7s 1 . 10S . lib. I4 1 108U Jap aoe't 1st Viiin T JL T 1 "ill. Amu TAT ns I Pncl'r il. 1. 1. ll. 1 ll ) 10 1. 17. in inn 'Dim 105 1 I lift I leii i 2 ler.',, ft I'UliJ 2. 7i4 .. Iii'jv; . 102 .. 102 102 . 102 . 1H2'1 I.leht (is ... 08 . OS 4. OS'; OS'i .. 08 8(1 8lU, sn SlUt S 8(1 bOVi Mll- sn SO', Sll I Sll'il Sl Mi .'. . 1110 Armour 4 '4s I 3 .. . Sl I A T S Te Is 3. 17 1 . 3 it . 1 . . 15 . . 3 I . .. 10 Atili T t v 4a t sua. Atlantic li Half) hil HJ ct 0'4s 2 . . . 80 I J.XP Uoet 2 ft .. . sn i. pe . 40. Jnti (love 1 1 SBU'iinlt 4. ohle snv, ." lihlif.Krlu Cienl l.len 1II1 1.. .. 13 10(1 2 12 lllii, I . .. 13 iuri ilJrle H U cv A 100 I 3 .. . 3S Erle II H rv 11 1 37 V, Uilo niy Ce Is 5 5(1 1. ... ftil'l 4 ft'1 i . . . r.5 I'lsk Uub'r Ce 8s rets 15. 00 14 1.. .. 09', 81 F-l.i E i-e.ial 82l Illy 4',s 2 "I . . . Sl 21 ft . Sl'i l I'pi 12. . slia ' Geudycar T A 75 I B 8s '31 wl n-f ui 10 ... ei", 1 .. . 00 1 ei, 1 00 1; V" s.-v S2. S2 S2 81 I t la I 711 I 70' 70 70; 70 7"! 70 7(1 7(U; 2 . 00 73 I 0 00 73 t Geed , ar T A 73 ltub'r '41 3 2 . lesii I 15 . 1 . 12 . Unit 3 73 3 . . 73 1 7.1 , 3 7 1 G Mli'n ... 1.1,1 Tl I A O 3 . Id Iv llcliilum 0i 2 . en 1 ev, l' IV 2. . en I in e.',' IC lifU'm 7 H 2 10.1 70 null A Obi) 4s 70 1 . "..1 70 'Halt A Ohie fta 70! 4 . .. 77 7') I 1 10 1. 1 1 . 1. 7. ft ins 100 l"'S 11 71 l'n5'. 1 no iwi'i lllil'S. Kill- 1011 1117 .., 7n 1 1 77 1 (s.ilf) 77 Halt A Ohln R lll'ik Val 4 Ilul 1. r.'s, 1 in.1 K14 )H3 103 mi nu 01 05 2 05 11 A ' P I. i: A V Va Is I 7" L" rm. 70 I A Man fd . 0.1 1 j 2 7.1 ', Hud A M.iri In I IIU . 4 1 Is "M . 7ft ". Ill Ccn 3. . 10 .. I 1 3 . 75 7"l 711 it ri 1113,, Halt A "hlu S 10i Wii 3s 1C'I I I . . (! 101 3 . M! 111 I 1 K IltlK'm rcls'B k Len'l iiiijk . Kin. Ill C St I, V V Jl 11 :,i 1.. S7 1 . 103 10.1 ft .. K'3 1.. . 10 1 7 101 t .. KI.1- 1 K'3 WliiR-dem lien mark ct 8s 1 . . UH1 1 ... Kn) 5 .. Kill1. S ... 1 Oil 1 . Hill', K Italy 0d 1.. .01 Klncdnm Ner way ct 8s 2 .. Kill . 107 (I 107 1 4 1 O Tel 4sIm'u Mt 4'fjB . r.e, 10 . u'Vj f.0 tnt M rt 4 '4 a ll") ! 2 .. . 10 rt'lfpiiont.lntb'e II T M ir-jn 'lil ie .. 9.... 1 .... I . . 03 em, OftH ea 1 1 1 Hell of I'a 7h 2 107 107 leth Slfel f.l 1 . . si! lliln Coji M C.4 1 02V H A 7th Av rn 3 41 Ilkn Kill G (la .' US' 1 .. IIS firkn Hdl I) 7s I 10 Uapld T 7 ft ft8 II Hap T ct 7 7 58 Ilunli Illd'K fts 63 S2H 84 nt. ,1 u 21 . 1 1 . .1 . ft 15... .. Ml ftll Ml ftlt ft"l ftll ftll sn ftii ftn'4 an 10.. no I M Marina Ol 1.. .87 ft . S7 1 S(l 10 a (.'cnt'l 4 s ... . 33 Kan UNb 0 80 ; K C T nir 4s 7 .... 70ft IMIy TI10 13. . 1 . 1... ft . . 1. . a. firing-' 1 8s . 102W . 102 . 102(4 . 102 . 102. . 102 V, I.nck fltoel '23 1 07 Lack Sfcl 'SO B.. .. sm I.skfl Hhore M S 4J '28 20 . .. 80. Leng- I Bid H fd 1ft ... 72 V lid 11 os a; 10. .4.. 714 10. 4.. 71 Vj Market 8t Illy S Fran 1st 1 8ft Mpx Petr'm 8s 10.. 4.... n 1 1 10 10 4 1 Mid S A 1 8 08 08 PS '4 08 08 08 08 08 09 Or fts 78 W, 78 14 0 ... 1.... C... 4... T.... N'fk A 4 . 00 . 00 H . 004, . 00 . 004 W'M 4s 81 .t Nfk IWilK 23... . 70V N A Vn cv 0s r. ... 103 North Went' 11 BHI T 7s ft.... 100V4 1.... 10(1 3ft 107 10 . . . 107 10.. . 100 N Pacltle It ,1s 10.. .. 68 10.. .. f.O 2 . . . B0 N Pacific It 4s 81 81 81 8114 2.. .. 81 Nth 8 Pwr 0 1 enu 3 . 00 Oregon fl I. 4s 1 87 Ore-1 II 11 Ce A N Ce 4s 23. ... 7ft 10. ft 4 1 43 Sinclair C Oil Cerp 7V4s 10 1.. 0. n 1 1. ft! 10. ft 2ft. 1. ft. 1111 07 074 07 u: 07', 07 Mi 07 07 U 07 07'4 07 07 07 07 07 4 07 07 T 3s 88 Jt SIP A 8 flte 8. M 04s rets ,Pae O A 13.. 10.. 3 .. M K 3... fi. . 100 100 100 T 2na . 43 43 1.. r. V. fts 87 2 .... 88 Pack'd Mutei Car Ce fis ft 08 2 OSli M IC A T fd rt Pan A Pftrel 1.. .. 43 A T Ve 7s Me IC A T 4s 1 01 3 08 Penna, P. P. ft 0 I3'4 1... Me Paclfle 4s 1 ft . 10. . .. 58 P'nna 1 .. . 68 I '-' . Me Pea fts '23 1 07'4 Me Ps.0 3s '03! 1 83 Menfa Ct'l fts 1... . 83 Ment a Pwr fts 2 en 1 00 3 . . . . en Mer's Ce m 2. . .. 81 New Or Tit A Mec 6s 1 07 N T Atr II 0 ft 01 N T Cent 1 4 1 821. N" Y C en 4,ni(i fir-,) 4.. . 71 ell 4 j N Y C'nt'l C.r 4 .. . 1 07 I .... 10 07,3t I. A N Y Cenfl 7b 2 ... 1.... 10ft 5... 1 105 ft 10ft 10 105 2.... 105 N Y Chi A St I.e's il 4s ft. 4 78 I ft . N Yk N H A 11. II cv 3V4h 3 1 34 'J K. 8'n 4 8'n Pacific fd ft 80 8 81 10... . 81 1 81 fl'n Paclfle Is 7 S'n Pae cv 4s 11... . 80 10 80 0 87 1... . 80 1 80 Hn Hallway 4s ft 30 3 .. . ft0 2 ... ftO 2. . ft0 .1 . . 00 Sn rtalhray fts 0 80U 1 80'i Sland'd Oil of Calif 7a 10 .. 10ft 2 . . . 100 01 HtcM A Tube 02 j Ce of A 7 It 0'4a 10 ... Oft'j 104 '4' .1 .. . 03 101S, Third Ave J 104',4 2 ... 101 iThlrcl Av 4s 5 .. 104141 3 . . . f0 10 . l()'4iTMewatr Oil 1 103 I Ce ct 0s I'enna 11 11 7s 2 00 1 KlilM, Union Pac cv s . ion 1 00 4. . . 100 I'nlen Pae fd 0 1011 1 80 leading- Ce Is Union Pac H 10 ... 70 I n.. . 83 1. .. 70 I 0 ... 8ft 1 . . . 70 fnleu Pac fls 1. ... 70 1 11.. 101 3... . 70'U Tank C 7s Rln O A W 4c, ft. . . lll.l I 11... 0. . St I. A 35 . . . 71 '4 A W f.0 00 8 Vn. (10 011 00 (10 C'l 2 31 JVw Y N H A II 4a '5S 1.. .. 38 New Y N II A II 4s 'ftO 1 37 21 37 1 37!-, 2 37 Naw Y N II S If 4s 'ft7 1 31 New Y X II A I tar tM 0s 1 . . . . ft2'4 2 . . 53 N Yk Illys fts St I A 8 Pran Ssrtcs A 1 00 10 en I.. . 10 . 1 . .. Ft I. A I'nltnd Drue C'emp'y 8 C. . 100 3 . . . Kin 100 10... 10(1 U S rtubb'r fts 1.. .. SI ft. .. S4 1 81 C H Rubber 7s S V In 2ft 100 . .'.2 U'cl 8 Stew fts , ftli.l 4 07 , ft2 II.. .. 07 . 52 1... . 07 . 52 1 2.. .. 08 ft2 l'a-C Chin tst 1 Oft", Va.C Chein 0s 2 00 2. 00 00, 00 I Trim 1ft 00 00 00 Va--' Ch 7 2 05 Series II I 2. ... Oft 2 . .. 70 Va Rwy Ce fts 2 70 I 1 80 1 . . . 70 I ft 8(1'4 7 70!Wesfn Md 4s St I, A S Tranl 11 ft Series C IWe'n Pac lsts ' 1 n.".V 2 S2 i I 3. .01 1... . 83 ft.. .. t. 'V fnien ! 0. . .. 7 I or. ", 3 s New Y'k Tele. Ft I 3 IV en W Union ii hens 0s wl 2ft . . OS 1 101 2 .. . 00 is' I- S Wn 1st 1 . . 105 I0 ft- . 00' 1 105 00iHl 1' Swn fts Westl!UTheua 1 . . . 00 I n S. Mfs- 7 1.. . (i'11 1 . 10.1 70 ' '-' .. 105 00l?t P'l Minn A 1 . . 101 100 I Manl'a 4s 2. . 10.1 00 1. . . 88 Wli A I. i: 4h 0.. 11.. .1. . 20 . . I . 1 . ft . 1 . 001, en 00 00 Seab'd A I. nj ft . . . 00 I .1. . . 17 Wilsen 0'.'EeabM A I. fdi 1 01 1 . 3.1 I 4 00'S"ab'd A 1. 0" 1 . . . 1. T.ilierty Liberty Liberty Liberty Liberty Liberty Vic Vic !'l 00 1 r.i-.s ... LM 1-. .. it !;. :td !',,?. nil i'.,s. N'ntcs ;''i4 . Notes 1:,S . 43 liWIi !i.".:ti !H ."ill Itl.TS ill TO IMV.'.S !14.!HI !l!).7D ll'.l.T'.' Lew !l.".ll JU.IO I1I..VJ !M.r.4 Htl.41 IM.7-1 !l!.7l S1!I.J . 60 Ce tt . 03iJ . 01 . 03 . 04 . 03 '1 I .10 tc.'j: I"i4..ri() (H.T.s !I4.C( IKI.r.S tii.ne 1III.70 !)!l. FOREIGN New Yerk, Nev. EXCHANGE 17 The epeuini: in tin" fi'ieiKii cxclimiuc niniket tlii. inernins showed stcrliii), centlnulni; its rise, which wns followed substnn tiull by ine"-' of the oilier Nmies, with the exception of mnrk". There was a reaction 111 the mnrket in the late forenoon und sterliii); de clined 1 cent from the high of tt Is niurnlnj;. Several of the ether issues were affected bi the decline in sterling, liu t the Scandium inns maintained most of tin ir advance. Sterling (able-, were J!.!)!P,, deninnd .'l.lill'i ; funic cable-, 7.'J.'I. checks 7.1'L' ; HcIkIiiii cables ('..IISIm, ,hciks 1I.I171.. ; Swiss cnbics lNilll, 1 hecks Is. ST; lire cables I. If,, cheeks 1 1 ."",. . : lutein . 1. hies l.'l.77. checks le7.": I'liihh r ( nbles .1.1.1:11, checks :',.". ir; stocklielm ..ibi.s 'i.:'ui, i-hccks u:i.:iii; Chriviiauiu cables 1,."i0, chicks ll.ir,; ('..pcnhnsi'ii ca bles lS.li::, cheil.s ls-,7; .vS ,;s i ni ,..,i " , 1 -.,..mi ..ill ,11'vuil I XCIUlllL'eS worn illleliltiniis m.,.: IIiiii- lllKe-Slulnii, ..",71 , hem j Cnrliin Th, .11', ('zechii-Sleviikiiui, l.llsi 4.1 1 ; Serlilnn, ('inland murk-, 70: Creek lnml, ,e:i ', trinn, .01. The rnte of iireiniiini 111 M,, daj mi New W( flltlll Ulls cent. The 1 nte f discount erk today en Cuniidlaii tuiidp per cent. iJ.a.lwiu,Y-8 ITNAI, QL' ItiilKnrliin, I 10; l'o l'e : e-'; An-. l-e.ll tn !'"'s pel in New wns s' T1t..vs ierllUK Vrnru. 1 ,,,, (iu,,;,r, I " , 2s 1 Jul, -i. ,,. I 011 7 1 .21, V ,. TODAYS UPK.NIMI UPOTATIO.NS I 011 7 21 4 21 3.', is 0,1 7 Jil I .". 3- ij Demand I'ubl. n I isitti. n.l Cilbles (.re DIVIDENDS DECLARED Ailantli' lln.I I'n in., t.,.. nunrtru 1 per ent en iirfern-d 1 .1 -. ennt, en ,- iiniin.n l'i'f.rr. .1 i.Hniil 1 1". ifinbci 1 and Miiinniiin b,iir 1.1 i..,i. .'. tteeK nf i.inrd Nuvfinbcr 10 Svlfi A i 11 imurt'Tl, n.,,- . ... .... ..... JaiilMIl- 1 I"' Meek nf r,l Dweiiiri.'r te Alll-rrali Mler n I'uliiiMin iiuurmri. ci .. ! n Him ..11.1 .iiiiti. .rt. 1. ... .. v OrM .Mill m (llnl lili fen. I .ill iia,,,l uiny 2 tn (i)ek rn ri 1 .nt l ntiec "1 I'ltles iimln I'HiiiMm, monthly 1". rent mi etnnin pnnbl. In 1 iimnuin . sn.l nuinthlv i.nn half nf t ,,.r ,,.,.. ........ i'.w.,....i ...in iii-i,-r.-iire I. HtOt 1.K ab'.. In rirli. all M,il.li. Juiiii.kv Unelt of n.erd Deenibei 1.1 """"l, 1 im iiiimii. Mi nrle.nn und Teai IlnllHiiy Kmipmn iiu.irlerlv 11. , .n nr.fai r.ul imi.l.L li..ui .. ' .... ........... ,.,......,,- , ..-vt-iiiiier "il receiu .sinarmifr J.- , I'i iriu iiiiu .ill iXUU t'y n ileilaied 1111 iniemiin uxiibli In tni k nf rei nul Deeetutiei 0 (l.lilii. SU1111I (Ml Citnpain iiuniterl, ,,f -'per cut it iirf, rr...l paMibl . i, ..,,., x,' 31 In Ht.sk nf i..,..,l NiMMiilur 30 ""-""ber lluldln l.ii. mini e W urk, h.-iiiI ,,,,, .1 3 1..T leni ...1 bell, lref..r,.d and ',,mn"n lajable J0nn.1i) ' t nli.K f u.nrd l"i"LI. .MerBfiilhaler l.innt1ie. uuarterly of '. per rent imjalile De.ember .11 te teik".i leeeid Deiemlwr 3. "el K r iiiu-KiiiH uiiev, no mend or ". iir e .. ImmiI.Ib Derrmlxr 31 in Hletlt of reuird li bnlh lali- 1". r e mi im I te Pa,-lll,-1 1 . 111 1 t.l MOi U "nit-annual, I "r t 011 1 fr.y 1'e, 0'lil.r 27 lit BANK CLEARINGS Hank clfarilUB tudai cniiiimred it), cer. reapenUlnii da lnt t..i yeara, 1U21 1D20 miD Phlln . (no oun.nne $H4,ii37.3ii tsa.BUH rat Bosten , 3,(U)I II) (11,147,11.14 flu 04' 71". N. Y... 7 'J 4.1111(1 (111(1 70 ..I'Jil .un n.an'a.S'ii: CUcee. S5.700.000 103.000,289 " J 1'"1 P. 1 1 TEACHES AMERICANIZATION Werk Among Foreign-Bern Out lined by Vice President Lee at Luncheon Investment Securities MACKIE, CR0USE CO. KliW. IWTAir. TR. 111,1X1.. I'HIIJl. 43 NATIONALITIES The Amcriennizntlen work reii'Inctcd liy the l'cniisvlvnnlii Knllreml ninnii!: its UO.OfM) te U.ri,(M)0 workers of ferclsti birth was described tndny by 1'llshn I.cc, vice ircIdcnt in clinrcc of I he eastern ronten, who fpekc before the members' council of the Cluimber of Commerce. In the eastern rBcien of the I'cnn sylviiiiln Itiillmnd niene, Mr. I,ee told bin midltera nt ti luncheon In the Jlellcvtic-Htrntferd, there arc fortv fertv three dlNtlnct nntlennlitics, with Itnliani in Uic mnjeritj . A recent count of workers In the region ciiat of Altnnnn, he continued, nhewed there vnn ."177 tnlinn. 171." l.tiKlifh. 1400 TrMi. f.llO (icnnnni, (107 Ati.itrlniis. 0S7 I'elcs, ".41 IJussinnH, ) Hiiiienrlans, 24-1 Kimniards tiinl 207 SuedeH. The clilef nlm of the rnllrend'h Americnnlrntlen weik. Mr. I.ee con tinued, nre te hne their forcl(;n-bern workers learn the KtiRliih IniiffiiURO and le become nnturnlized. "We rcRnrd .Xmcrlcnnizntien work as a wry jirnctlcnl mntter," he i-nid. "Wholly nsltlc frnn) the sentiment in in lelved. we believe that it. pays the rnil rnil lend te help its fiireicn-bern empbl-s tn become Amcrlcnni.cd. ('enversely. we try te convince the foreign-born cmploye Hint beinc Americnnlz.ed Is ReiiiR te help hi in, in the sctiM- that it Is Reinj: te open the wnv te him for u better nnd mere secure livini; nnd Ki-enter hnpplncsH nnd opportunities for binifeelf nnd his children. Twe Principal Aims "We hnve two principnl nim te teach the ThrHs'Ii lniisuage nnd te t-tnrf the niten born en the read toward naturalization. "In our Ittillnn-nnglisli teurses w-c linw enrolled n total of ."000 men. Tin methods of instruction include corre spondence nnd hiKht classes nt the Y. M. (J. A.'s. In addition we eticdunis" the empleyes, as far us possible, te at tend night m'smuiis in tin- public bdlixils. "In regard te nntiirnlizatinn work, the foreign -born empleye, ns .seen ns hn enters the service, is urged te tnke the steps iiocesarj te become nn Ameri can citizen. We fill out his lit -t papers for hint and show- him bow te tile them. At mass meetings, we discuss Amerieuu customs, lhing slrndards nnd oppor tunities, in connection with the techni cal qunliuYntlens for citizenship. 'I am glad te state that tls per cent of all our foreign -born empleyes have ut least started en the read te Ameri can citizenship, and that mere than half of them have actually reached that d'g nlty. Few Itealizc Importance of Werk "I'ew- people, I imagine, appreciate the importance of the work which the rnilreads aie doing, in their cnpncltv ns large employers, te bring about 11 better distribution of foreign -born workers in this country. Wc nre all far tee fnmlPiir with the lamentnblc tendency of immii:r.-ints n, .Mnu'rcniie in our large cities, like New Yerk. I'hil ailelphin. Pittsburgh. Cliicnge, etc. "!eiiernlly speaking, thev are net needed there, but would produce the happiest results for thenjsehes nnd for the ceuntrj if the were .scntteicd moie through the rural regions. The rafli-e.uls are tin form of entcMirise in tin uuteinaticalK- tend te bring abeiir a iiisiriuutien. "A (iiite considerable number "f these men have nns,., theuisehes ut ,,r the ranks of unskilled labor, and m tt.icl; work ure serving in the grades f assistant foremen and foremen, un, i the shops as uinclnnlsts; -enie hnie -one much further up in the sen ice ,- " HA RVARD UNIVERSITY ' Cemmlttrr en Kconeinlo Iteaenreh Statistical Service Includea an Index et UualneR c?n2lllenl! which ferccaat the boom of H'l?. WJJ ihr nrute denioaalen of lt20 'nenth '.n ad inc.. of thrlr e rurrenc Tnla Her vlrx l liaan.1 un mathisla which are new ami acl-nttfl.- a.nd ale lni.1u.tes apclkl orenomli etuillra ronefrnlnit prlrea. pro pre ductlniv. inlcrnal trnde, forelun tratl. i-anUlnr Kerurtty timi". etr , of epcll Impertan r te "xrcutht!. .onrerned with ;i futute courae of buslneia. Price 1100 a ir. Write for cfrmlnr our! latest reports. Committee en Economic Roerch 10 WuiNuerth Iletmr. Cnmlirltlcr, M. riNANCIAI. Ili: JACKKT tONSOI.IDATKI) COATj AND COKE C'OMlWNY, INCOlirOIt- ati:i. roM-ei.inATi:i) MenT- (lAOi: 5 l'i;it CUNT 1IONDS. UUK 1044. rurvunii' 10 term of mortfaxe d.ited June 22. ll(l the undialrnKl lnlt" lendera of Kbnvn lunds for a-ile and dl.irv as of .lanunry I, IDl'J. nt a prlca m than 103 and urr-rucl lii'er.nt. le th ex.ent or f -ttn',0 T'J. thf turn new payable te SlnKlnv 1'iin 1 ... .Sinlml tnd'T hlntlnsr limnbrrH of linnu (ifffrcd. addifi.il te UIHA1UJ TIU'ST CO.M 1MNV TruM-' Slnklnit Fund ltcl vtttcket Conielldrtt' 1 1 ml nii.l Cnt cemimny Incor porate 1. c. niiill'l-it-d Mertnaar 1 l'er Cent llnnds. will be ruebcl until 1!1 M.. Decem ber (1, lO'll. (JIKAItll TIll'ST (O.Ml'ANV. Truatex TIliiMAh H HiiI'KINH. Treaajrer. I'lilladelphla. I'a . Novemlier 1,1. 1021. Till M'AMMI - A.MKHICAN IKON fOMlMNV riKIT MOUTIIAGE IT.U f.i:.NT IIOMJS, UtlJ JII.Y 1ST, 1027. I'urfuunt 1 term- nf mertRaue dated Aueuat 7. 10(17 the tiiidernluiicd Invlten ten ders of nt"ie lienda for eal and ile.ivery tti of January I, 1!)'M. at 11 prire net oxeeea exeeea Inc par and lntrBt. te IVe wxtenl of 13f. 177 47, the sum new available In the SlnH ln- Kund. Senled tender, stallni; niiinbers of bends offered, addressed te UIll.VHr" TIILPT COM I'ASY, Trunin. ,irikltiB Kurd Hpanlah Ainerlran Iren ( empanj Tlrat .MorttT:e 8 I,er 'ent 11.. nils will be rccelwd until U .It.. .Neieniber S.I. 1021. OIKAKIl TIll'ST fO.III'ANV. Truatee) THOMAS S. HOPKINS. TnVaaurer. riillnillpbla. Pa. Neember 11. 1021. POCAHONTAS CONHOMI1ATKD COL I.li:illl (OMPANY, INtOKPOnATKIJ iii-T-vr.Ait nvK PKii ci:nt geuu iiemis mi: JVI.Y I. 1057. Ne-Ice la hereby Blen. pursuant te the terme of the merteraie dated July 1, 1007. that the undersigned as Iruatee. will receive seuled proposals up te 'i V. .11. en the Bill day of December. 1031. for the sale te It of bends aa above described, sufflclent te use the sum of $40,805 07. The undersigned rescres tie rlsht te 1 eject any or all tend ers In vihOie or In part. THE NEW YOniC TKUST COMPANY. Trustee. By A. C DOWNING, Jr . Assistant Secretary. New Yerk. Octeler 'JT!. 1921. Annual Meetings. S3T' only 1 111 pert 11 n; i-uuiiirv Milieu sin ll War Finance Cerp. Approves L Vt nsliliitrten. 'e 17 Pint. . wini.'s iiKKri'Bntln J.',I7 1 '11111 fc,r tur.il and 11m- kiei k purtK.s, h m er. i.iiiuv ny me war 1 'eme .".Ivinien Mnri, .llstrll Ute.l iliri It'll .1(1(1 fi.r fn.eilnir II. ..iy (-HlifernlH $.'s7 1 en p "'ie 1 rins ..J lien 'i N"l lb 1 iirelllirt 111). (IOC. 71 OH .North link -a $43 eans U.iin fin linn .'brik.i I12."i den rn fljt line line, () nr- 1 JUT "1. 11 wlit ad- ik-r I. u' " it.. 1 .:ir,ied rperitiiin Th us KilliiU ",H "ti.i, iti r.i i '.in . ' n ' . js ,1110 uth ( Hri 'Inn, .seutli 1 Tin; kidi:i.ity MiTiAb i.iri: in. uiir.Mre C'uintllin . The Annuil M.ctlnif uf The Pldel tyllutual t if !nsii"n" d mpiny will be held ut the iirinrip.ii efllc uf tb, ("einpapy 112-ltl N. Uredd t . rhllidell'hlK I'a . 011 Tuewlny. Jiinunry 10. 1!-. at 2 P M. f t Ihn elec tun of t-ele Dli-cters 10 .-re th- ensuliiB je,ir ni'T f.r liter l.iK .nd iwnuiielni; the Com Cem n.tiy'" bs-ias -viid fui the transaction e ,p etln r business that may pruiKrly come lefere lb' Atinuvl Meetln'i llv ndtr of the Iluar.i of Directors en vs. a. iieuni;, swji retary. PSiTlli: ANNUAL Miun-iMi or TIIK - stocliheJde-H of the 11 est Knrt Trust Cetnpan) will be held ut the ertlce of the mimiiiD llread street and south PenQ Seuure. Meiultt). Neirmber 21, 1021. at 1 ...lek neon. CIARLES u WOI.ncnTf Secretnry. Nemher 14. 1021. .,0 linn 111.,, 1 iscensin 1 Jul I I iw . S.'flj (inn Bank of England Statement l.llllllllll. vi 17 - he ,.,. S y. ,, nf ih K.i.t. .1 I,,..,. ..1..1. ... ... .'.. ill""-'" !' r. .'n,. Im rei.vej i mm ' 1 lp illation il. v'ums-. fsiiienn ou , iu H lis". 0(1(1 tbfr ,1, poets i..r, use,! ,-1 .."j I'Ubli.- decesl'4 in. reiii-xl 2. 17.1 nni'i Dltldends l.eriHIAN Oil. KI.IINlNf. t (IIU'OltA TION Divlili-mlR of SI. On .1 share en Series A pref"rr.-il t-teck hi 1 J.OK a stare en Series ll pref. rr"d eiec. itn.l SU.7.1 u siuue or the ennunen sini.1t uf thl inrpetati nine been (1 1 lore. 1 p.ukIi'. l)i'entli.T 2H, 1021. te sie. khelibTs et leeeid at Uk , lse et busi ness L'e. etiib" r 1. 1021 Tie ti .n-f. r books le tu-t close ;iAXWKl.I. S I IOVKNsi is- Irensurer. S'.ii 1ui)iii. Nev nrb.i17 lli-'l AM'r.UH AN " POM Kit" 4 f.H. II f" CO. 71 llniiiihMi.i . New Yerk i-OMIMN M'vCIC llIIi)Nl Nn. 38 The renular iiuaicib diMd. Pi if one pep lent 1 I'll en th Common Mmk of the Ann ri an Perter i I lit lit i'nmiii h.e been deciHie'l. p.. able lleiemb.T I. 02l, 10 com mon hi K kh.'ld. ' s of receni at ih. nesa of busllit'4- N , .lllbei is l'l.'l. WTII.IAM lti:i.KIt Tr.isur.r. Mhitu"vS n.i.i:i'HJiNi: .v ri;i.i;(,ii.in , 120th Phi. lend ,uir"ri. inii. inl uf Twe Diillnrn and I ninl.v.l.' -nl- I'"' -li,-, vlil 1 r jMld en VIeikIii. .liiiiniiJ I". 1022. te sie, Ichelaere nun tn te in., nt t I n r rli' till W ' .as is : irl I nn ( 1 rt, .li 1 7 per cmt. 17 nn 1 1 ..7ii mil r wet i , nt last ilev n- 1 h. il 1 1 it 1 it ll '1 I' J at til ir.b r !0. 'Jl I(. of biK,tn(.ss un Tuee XU.A'R S'llTH 1 r. isurer. Puhllr Utility tcritrtlire terlt 2xri-jnunc Cuilbinrj. Jittle. Pacific Gas 1940 Portland 712 3. Southern ex Elcc. Lt. Cc Rwy., 946 7s. Pr. s. 1944 California l'lier 1 1 it . PI es: I ecust n.'.'ll-l &: Edisen 2-.1-I sinrlil llprtlnitN "vi&'i01K l' " -"V11" I",i.iiEtts: A s-.'fcl.l 1 lectins of th, sm I'n ,iers of Tie ' un a Pub.i-Miii; c.iiii ,111 ,1 lle he,J ?'.": .'.""l."l.,"rfl'.S(i.,f.,.!! ..J i " m i in ai .i , . .,,......,. ,i, Miirniner. 11)21. ill 2:30 e'lluis. P. M f. 1 m, . urp0,.' . t i 1 - ' ' '-" ' r .'Kiimst u . approval 11 111 1. i.r, rtlllt'l I ( I r 11 . a- . , . 1 11 . ,, (am ..(.rnjinein i r u,. .,,, - i,,,i ml t.ierKl. et Tn.. illlln Pj, sl, um- ; pan 1 .'" l'-J l1 aa ,'," ,"'iu i enipany. V i.i7 A Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 111.10 iti:.i. i.i vi 1. nu si In v s" mtl nn 1 1 IJust . 1 poi e u tn.'rlup 1 ' in-, ,11 1 1 1 . .,! I'i. lb 1 J' 1 Ill IM. 'Inn ', V". ."""I 41 u e clock PisihI ..unit (.ml flnan. I.tl expeit I 1. 1 pi 11 fei 1 ' . 1,1 ' I 11a, in 1 1 , 1 I . ,i,l"'l ser W 1 real pi u.hn ,.. , m tun I-.H 1 ' mill' - ,r i,. Im a no 1 uernus i,u-l'","s refert'Iii vv n u 1 , -.snrx .11 1 I 1 1- 1 prei'.'S 1 1 ,1 iid nIli 11 7.11). i rix.i it will I I IT 11 nd pe Hen. 11 ,1, ij (ll , ll U' fU! mulled nimisMj n ..I .,.iur. 1. ,e . 1. . . -""' . , 1 ... 1 , n . ill 1 I llll.llMKM errii'i; of Me Iterein ml for hiv-lim m Hydro-Elec. Securities JosepKW.Gress aCe. 1421 Chestnut Street C'orrrs)jeiirtiits Aldrcd i& Ce. C. S. PATTON & CO. an & t iit.vr.M i si's. BANKERS Siieie.siirs te sMU.K A STKMN.SOV Ilnnils mid sleiks bought nnd hnld Mrnihere I'lilln stm k -ihiinifs it llll 1-H - -- ' 'eiary. .MIIHI. OP Mlllhll(II.U,ir!,r-' sii'ill 1 eetlllK 1. tn, slei I In, ,i,. . Ih.. Inleieti len, 1 s.iuir, ",ii,,,,v ,,. !' led "t "' ' " '' " "" " Hn oineanv i, Philadelphia ' ih; 2HH, ,).,, or""i' er""i' or""i' ,e,nlHr. IU21. nt 11 e'.biek P. 1 ,,!. ,,., .f nk-ms- .uim, t ir ,, . , approval ..f a uriHlii iiresm, m tur PJ" innsi.lidut en ant mniir of flu, 1 ,,,,. p" Uh'i.np en p-ll . und 11... Jnlependcnc. Mi 14(1! (.eiiipan. 1' II II KINCT. iV si-rretarT. l'retms,,ls lir.PilTMl NT OP PI III IC UHKi" Hlfli:C "1-' HMIIU'wV 11 mu J3J. "'.it ll.iil Plltlailelpllia Nuveiiilnr lt in1 vnr.u c ui'ni.ap Chief ur nur.is ' - i .t-.i ,. 1 .,.. . . , 1 'i ep, ifd in Itoem 2KI. ( ity Mil' n 1. n Neembr 2J. ll'Jl ter (ri.dlnt; . phe.t Pi4lna- (Assisement Uuiki Pun in..! nianiik- KHiusesa nK me,,,,- splla t li' PHMIIK "" lt.iuntrui-ii'ji of l"i-et Urldue l.uniber stru, nir il Sl.'el (.n'.pi Sand and Pebbles Water Tritnar'.r'Ht'.lll uf Uiirn.ic., I -lusli 1 nu llna 1'iir'n ,'rSpinllesf',,l"dl" "n,t U""""-- "room Tlr. lxtlllKU.Mhl'l s .Scoop 8heela 1 (! Street ('esniiiir lJiiM'nnient I's, I Ham's" i e lars un 1 lirieij Drsft HutHOK 1 Iftrer-Tt 11 Tr 1, k rutliers V Tn't n s 1 ml id I linlj, . -si,. ,s l'.e i n fi, prs! i,,,n lu.'-r Mi-iw I.ea dter riiANiv. ir t hlv imp, r ,, f -,n VI ,-v l,Illl""VCt0r- si:i.i.ii i'inii'(isi.s ""h'u.i i,K 5 ..'lied In tb H 'ttiir(. (n , p,''.. 3n,f, '01ntnlesn.il ,,t Heeni soil , , 1 1 . , 1 S i m ii nlen th. 11 . pub.b'v i.prnni .,i ti tn,, rurnlsliirm r nil u ,,ni n.i.A- ..".l mist 1 ir 1 1. n .unnlrla nt he l.ii.mc ever the tlit. (Ji.v rif t.t.i.2- iphlB. I'll and the "'.u of 'iitd, u j , l,h.,.r"L'..' ', "'.' .!'" ..,,.,u'."1"' '"' bed reek . ,iih by uk- f, :, , i.,,:;Vi ""' 70 fB, ii ,. -.1 which with swclfli.tln ,. '''nd K5 1 niiniit ferniB Hinl v.iitrait diaivlnirs ,2.5 le ebMlnel ill th.. off lie ,,f tl jlSRf'fJSJ tnlssUiii upnn delK.st ,,f j'JJ JwVlch dl . ,' "',''" "-'"iiji-u upon ti.cir return In fet ItMl Ill's f'l in two main I Imwue lti-e I inhln. I'n th. .l rs of Is 1 l-i Conservative Investments MacMcckin & Williamson IIKOAD AND S.VNSOM HT8. Members l'hllii. Stock Kxcbante I i.j(i inn must l, airinnminleil bv n ...f. "J n.,11 t necK rnr tnn sum nf n.ti-tv thn.T...7.i I ilivi nri.ii" Joint I oinliilssleit The blildii I i ttlmiii tin- Kinuait , s.vilrd.'d will W.1SL l.iu.red te fH bend Ir thij ,ui? tit CO wJ (li f th amount nf 11,. .7. '.'" u" Pr ri.e bills. TltU VELA.WAU rluht la rsserved le reject Any or J1 Mi4MhJii!3&. '!. i rui liMiiiritn 1 fit . HHIQU. -1. & 4L44&M
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