-. . r - "S. 'X,iF'v ,r'1' i V y ' ( t?L . "rVS-. c " V u.JS.v V , ' . fflBS ill mm mm i i" 2Q. EVENING PUBLIC LEDaER-PHJLABELHIA, WEDNESDAY, NOVEtylBER 30 , r - . ' . . i- ; mi irn-rr" - . rftttXmmt , m. '! i ' , n " - I ' i ' - .. i immmmmmmmn wmmammmmrmK-w-mmitmmamnmmtmm i t t W 'm 1 TREND OF MARKET I new yerk stock exchange transactions i BUSK nNCURB f nT.l (1 M s' uW M T . X f Mil WAQ PFAP.TIflMARV, niiii9''trCTrv-iiHiD iiriLi ill nil 1 1 i in ii i i TiiwiiPig2 tf . ,,,,w nwiwiivniiiii , gvv yeS? Acceptances One of the most liquid short term investments. Maturinp from IS days te 6 months. Yielding about iKe te v; IAt uin r,qi,r'' ' ,r rr I".", The National City Company Philadelphia 1421 Chestnut St Atlantic City Cbalfente Blecb 1225 Boardwalk ii Industrials Proved the Most Susceptible, but Whole List Was Affected ' H Selected Copper Stocks With the copper stocks new showing a decided tendency te move forward, we have gathered data en the present market position and probable future price trend of Anaconda Am. Smvll. & lief. Cerre de '.re . Inspiration Miami Copper Nevada Consolidated Ray Consolidated Seneca ( epper Utah Copper This information sent free by merely asking for Cir cular PL-80. There is no obligation in writing. EflflRHSftCtflRKSDNfife 66 BROADWAY NEWYORK SELtBOWLItfO GREEN 4020-2S New Yerk, Nev. "0. Tednj tlerl; , Mi'rkct dri eloped rather definite re- I itiennrv tetidrtuy with the recessions t f I te ecr " jieints in the lending, l'reuhi'U" Nmiex. In ether words, the nig-pri'ilii-ied fe-cnllcd technical srt- '.ii k cini" te nn-" In consequence of the I Tort te rnli paper pretlls and some I Mer latitude in the eperatiens of the i nr i mititigent I 'I lie li-t "Ptrntrd with eoiiidei-nl)le ' -Ivitni'p nnd still plainly showed thp "pits n thp increasing ueight rf the! i i'ii'U Mies, especially in the Indus ml iliilnti, uhlch had been success ,il w "vd l ihp marking up pru1 - f tin- rails nnd the closely held I kh-p-ii-t-il specialties in the two jire- eiliHC sessions. Nethinj ill the n of news or de- ii 1eiiiipiim iiitild he held in countable f ii the reursil of the uniikef trend. m pun:; le reeetw piling of Congress' h U Almnlay. If credence is te he , -licnl en WnsLingten ii'lviccs, the nut- I I'lied priitfi.ini fop t!ip regular sps-phi ' 1'inet In' ii'sarilpil itlur thiin of di nn-tiicli I'eiwniPtivp type. Congress in "i"ii, heMi-ipr. neier does eiler a' il'ih .ippeal te the market com- j ."imiti. l"i' diriit happrtiiiigs were in fnver " at Ik r tli-m .igninst tin- market. The-e minded titiiiiii'il lmejaiiey of the n'lul ii irkei with all the Liberty l!.'inl i . ptniR the elssi mnkiiiK new ich rpeerd-. The eall lean renew ,il ite iwi. rixed at ." jier eent niruiii-'t Mtirdaj ideiiiB rnte of r'j percent. I t the ainii time nniuiuiicenieiit that . I'mteil State-, is te be represented ii tlie proposed niei-ttnc of Kurepean ankers t.. t.ibilize internatiennl crulifs -ti.'iijrth''tied thi: fnri'isn ex. h.ince mar- t. espivuilli stirlinp fraties and aiiirks. Still apart from the 1'urepean oil?, ii- rails were the mill steek te show iti stabilit.i nnd evnn this division te- urd midday aUe -hewed fien.s of ptv ii: ground. The Meir,ni and doinpsti deinpsti i siistaniPd material le--e with a .imber of sjiecialties which steadil.i un-i- rnuned the whole Hit. It was i-i at. me in mie, but in many quarters , ! Mippli was fa-t eiitstripiuiiK the; untiil. In tin interim Sears Iteebuek. p weak ister of the reeeut sessions, i,i under further pressure. The re 1 "hiiK, wlule. of lenrse, mere teiere n tl.e i-pei ulatiie issues wire alto-1 ; tiur nli rli itnlieatiiiK tlie market u.u -nil wed in hand. amAn Organization ler Srrricf'mmm OUR experience of ever half a century, and our membership in all the principal Exchanges, enable US te offer our clients efficient service in the various depart ments of our business. Vc shall be plad te receive for execution orders in stocks, bends, cotton, coffee and jrrain. We arc members of the following Exchanges: A'eu? 1'erfc Stock Exchange Ate Yerk Cettnn Exchange 2ew Yerk Cefffc Ex-hnnn Hew Yerk Pred irt Exrhnnije Philadelphia NM. .- Exchange Chicago Beard of Trade Liverpool Cotten Assoc-a'.en i H. F. Bachman & Ce. BANKERS 1425 Walnut Street Philadelphia Established 1866', LOCAL CALL RATE CUT TO 5 e PER CEST Bankers Will Offer $15,000,- 000 Philadelphia Electric Bends Tomorrow Them were a number of umisiinllv 'it.'iH.tnu: deelepinents in local timiti- ' i .nl i irelis teilai. The paramount Imp- n.nir was the announcement of one f the large uptown truM companies rediicinB the ibmand lean rate from t ' ."' -. This anplied te broken leans and is commonly ielcnated n.s call fi. j.t is ipiite a different type of ; mil from that of the same description n the New Yerk market. This Is the tit st reduction en tliis class of leans ri'e-tPil In- anj of the local instil u -t:"iis suae the maximum lepal rate went into effect during the war period. (&! t-s of n number of the ether lean- ns institutions asserted emplmtically I v would net fellow- the lend, but since 'te- ice has been broken, it is altogether t ntural te expect a general reduction lr m r en This seems te he certuin in 1 1 of the rapid piling up of leanable ".'Is a' this, n ucll as ether linnncinl nr. i - f the -.'l. :: Ii E. H. Rollins & Sens Feunileil 17H Investment Bends I 1421 Chestnut St., Philadelphia i Phene Sprues llBe Bosten .Yn Veit T( ,11 r.Bn Baltimore ( h iq,, .s , , ,,,. ,v,0 ' Municipal Bends of High Yield We shall be glad te send upon request a list of such issues of municipal bends ue new have available. Send for Circular Lr304. K We will be glad te cash a: our offices Coupens Due December 1, 1921 en the U. S. BRAZIL EXTERNAL STERLING LOANS t commercial exchange ratci. AtrCOWKl&C. I ' I Members irt I'lilhi. Mutk I tcliiume Land Title Dldg., Phila. The reduction, in nil eients. first real genuine irnef giien 1 ernianency of the easier menei etis. I.nuiis have been mude mere ncentiy and extensions and n- t'WH.s mere readily grantul. but the :i .ix.i-iuui legal rate has been uiaiii uii'il with surprising stuhherniiess, Aiiethi-i Interesting eicnt was thei st.iti-niint of the offering tomorrow by a l.,ink:ng sjndicate ,.f Sl.".)0U,(Mli) n.Htrie I'enipany ljnds. Thts. it Is understood. is te iirovnle for the mn- "n-'iig lie'cs iifjct l'ebru.irv and te pre- i !! tm (iimpntiv with additional work- ug i apital needed budlj te meet the m Ypuiidjiig i our r and lighting husi- It wa i, et possible te learn the nieri- mi" of tin- iut, which will he pui' of the authorized unissued tirst niettgage bend-, but is likely te hi either ."'j or i! per cent. mi'I another event which was plens-iii-' ami .inlii ating the sign of the times in il tne i hnnge for the better in gen ii al i endir ens was the announcement of ili"etiil V' sumptien bv the Tonepiih liiliiienii Iii'vi lepmenr Compani. The npam sijsn.ndpd diiidend payinuit ' is -i r.i s Wr.i .ill 'lis iimgeiaung news the il trading lail.d spint tl. market I" ng n '! -f-nsifii" te the inll'ietiie of fe nnii.eiiari turn en the big beard. I'li.I.iilelpl.i.i Iiapid Transit was an e.-I'-j.'ien, getting back within a shndew Mstirdin's bet iri( e It hpjins te leek as it there was some truth in the reient -lories of ncc'imul'if ion. I'. Ci. I. was firm, but traded in I iiehtlv 1'enn-ilvanla Railroad centln- , ud In Tipply. .ilelding te Ml1 after .flirting out at 'M. Lehigh Nnviga ti'iii declined te ii"1.), and en small -.i s ;i" tile StoregH p.attery repedixl 1 17' i T .e l'n 1 1 uH nh in r.ieptric ls n - weP riot affi'ted In 'he bend BANK CLEARINGS It.'.- ir - '. l'i 'iinnii-e. ii i -l ,; I i .i l a j i ai 1 I.I l'l.' I I'lll . . JTT mi I JO'. iiTI 'ill J'ie .I3H 7".7 ,11 4 !!.. nAii 1 III j'i ilj", v ,! nun ii ill rt.i .hi P,s Tli rt H .Uh 1 "U :i ii 'Min lull His ,-, i (ij7 tn; .-,7 niv. Sals, In J I.tgh 30 .. AJax Rubber 17M -00 .. Alaska CleUt Mines... H 3000 .. Alaska Juncnti O M.. V "00 4 Allied Chem & Dye... 3Ji '000 4 Allls-Clinltners 7Ja 100 7 Allls-Chalfners pf . . . . SB J0H .. Am Acrle Chcm 3?K J00 .. Am Agr.c Chem pf... 3J4 500 Am Beet Sugar 2 00 e Am Heet Suffar pf. ... 87 100 .. Am Besch Musncte.. 33,4 '00 7 Am n Shoe P nf new. 08 '4 300 .. Am Can 32 30 7 Am Can pf 91 'JO 13 Am Car & Fdy 143 J J00 .. Am Chicle. 8 '00 .. Am Cotten OH 1V,i 00 . . Am Cotten Oil pf 45 J4 100 ..AmDruBSyn Vt "00 .. Am Hide & Leather.. 13 ? "00 .. Am Hide & Leather pf 5H 40 7 Am Ice 721 -00 Am Ice pf 704 J00O .. Am Internnt Cerp 30 ""J .. Am Linseed 3?H 0 7 Am Linseed pr 80 00 c Am Locomotive 95 -00 4 Am Radiator 88'J 700 .. Am Safety Razor 4'S -J00 ..AmShlp&Cem SH -500 .. Am Smelt 4'iTs 100 7 Am Smelt pf SSJ'a '00 8 Am Snuff 106 '00 3 Am Steel Foundries.. . 31; 100 7 Am Steel Frtys pf.... 92 10500 .. Am Suffar Ref 54l,i 100 7 Am Sugnr Ref pf &5V- l-OO ,. Am Sumatra 3H,4 . '0 r, Am Tel & Cable 58 1000 n Am Tel & Tel. 118ii 00 ij Am Tobacco 131ft '00 12 Am Tobacco B 127V4 700 7 Am Woolen 0 '00 .. Am Wrltlnjr Paper pf 26ft 100 .. Am Zhw Lead & Smlt 11H 3-00 . Anaconda Copper .... 46ft 00 4 Asse Pry Goods 46 'CO 7 Asse Dry Ooeds Id pf 75 0 6 Aese Oil 99lj 00 (i Atch Tep & Santa Fe. 90Ji 200 r. Ateh Tep & S P pf... 87JJ 100 7 Atlantic Coast Line.. 0 100 .. Atlantic Fruit 3ft -000 .. Atl Gulf SWISS.. 31i 00 .. Atl Gulf A W I S S pf 22ft -00 . . Austin Nicholas 10-J 100 .. Aute Sales Cerp 3H 131110 7 Baldwin Locemotlvo . OSft 1000 .. Baltimore & Ohie 3Sft 100 4 Bnlt.mere & Ohie pf.. 56 H 1000 C Bethlehem Steel B 55 200 h Bethlehem Steel 8"0 pfl04J. '00 .. Beeth Fisheries 5 00 .. Hrewn Shee 40ft l-oe .. Brkl.m RT ctfs of dep 7 10) .. Brooklyn Union Gas.. 75 00 .. Bruns Term 3ft 500 ie Burns Bre? 117ft 100 .. Hutte Copper & Zinc. 5ft 40 .. Hutte & Superior Cep. 17 10 .. Butterlek 27 1200 . . Cadde Central O & R. 13 300 fi California PacklnR .. 71ft 100 .. California Petroleum . 43 5200 2 Cal Zinc & Lead B?4 2SO0 ie Canadian Pacific ....12334 200 Carsen Hill Mining. . . 15i tee .. Case J 1 4 .'00 .. I'entral Leather 31ft 200 .. i'entral Leather pf... fl6j 100 . Cerro-de-Pnsce 34 200 6 ''handler Meters 46ft 300 2 Chesapeake & Ohie. . . 60 '4 700 .... Chi i- K 111 wl 10ft 100 Chi & E 111 wl pf.. 34?4 410 .. Chi & E T 1st as pd.. 12ft 10011 .. Chicago & Gt West.. 7ft 500 .. Chi & Gr West pf 18?-i 200 .. Chi Mil & St P 23J4 S00 . . Chi Mil & St P pf . . . . 39 200 5 Chi & Northwestern.. 70ft 1E00 . . Chi R I & Pac 31ft 100 7 Chi R I & Pac TTe pf. S7 2000 . . Chile Copper 12ft 200 .. rhino Tepper 27 ft .-0O . . Clev cin Chi & St L. . 49 100 .-, Clev i "In Chi & St L p 73 1400 .. Coca-Cela 38 100 .. Colerado &-Southern.. 44ft 6200 (1 Celum Gas & Elec. ... 6 2U0 . . Celum Graphophene . 4 100 .. Cel Graphophene pf.. ISft 300 .. ConeliiUted Clear .. 21ft 900 7 Consolidated Gas .... 04 H 5J0 .. Consolidated Textiles, lift 1400 R Cern Products Ref... h8 100 2 . se Cosden & Ce 3.1 14C0 4 Crucible Steel 65 100 .. Cuban Am Suffar.... 13H 1700 .. Cuban fane Sugar. ... 7j 1400 .. Cuban Cane Sugar pf. 15ft 6100 4 Davisen Chemical .... 53 500 6 Iel Lack A: Western. . Ill H 100 8 Detroit Edisen 99ft 100 1 T'eme Mines lft 100 . Kmersen-Brunting ... 3ft 1(10 fi Emersen-Brantlne pf . 21 1700 0 Endlcoit-Jehnson .... 78? 10U0 . . Erie 12 100 . . Erie 1st pf 18 2700 II Famous Plaj era L. .. . 6Uft 200 10 P slier Bedy 85 1U0 . . l-'isher Bedy of O pf.. 77 500 . . Plsk Rubber 10 nCO .. Kreepert Texas 15ft 100 .. Gasten Wms & Wig.. ft 5200 .. General Asphalt 64ft 100 0 General Cigar 02ft 100 8 General Electric 130 ft 8300 1 General Meters 10 ft 100 fi Gm Meters pf 72 100 0 Gen Meters deb 6.- 71ft 31 3)0 .. Goedrich B F 31 Kill 7 (ioedr.Cll B P pf 82 100 .. Gray Dai is Oft jinn 7 Great Northern pf.... 77ft 500 4 Great North Ore ctfs. 33ft 100 .. Greene Cananca Cep. . 25ft 3U0 .. Gulf State Steel 4s ft 100 1.50 lUbirshaw El Cable.. " ion 4 Haskell & Barker Car 80J4 2C0 .. Homestake Minim; ... 55 .",00 .. Housten Oil 7&ft 100 7 Illinois Central 100 100 .. Indian Refining 10 .'00 . . , Indiahoma Ref . 3ft 200 .. Inspiration 'en Cep.. 38 100 .. Interb Cen Cerp pf... 5ft )0 .. International Cement. 27ft 2en . inu-rnat Agrlcul ... . e :ielO 7 Int Ilariester nev. . . 76 200 7 lnt Hurv new pf 101' - line Int Mer Marine 12 2000 6 Int Mer 'iarlne pf. . . . 37-K 100 . Inter Motertruck .... 20ft 100 7 Int Motertruck 1st pf. 71?4 1701) . International N.ckel . 12ft 200 fi Internal Nickel pf.... 70 6200 . . International Paper . . 53 100 6 Inter Paper pf stpd... 74 3500 .. Inilnclble Oil Cerp... 13 100 .. Jenes Bres Tea 33ft 2100 . . Island Oil 3 100 .. Jewel Tea lift 200 . . Kansas City Southern 25 1910 .. Kansas & Gulf 8 I40J 4 K I'.i-SpilnKfleld Tire. 41ft 1 :30 Net Lew P. M. Chge. 17 17J4- ft H H - V 3ft 53 ..W-. 31 H 3ft-l- X 85 85 32 ft 32 ft 88 ft 58ft- 28 28 - 1ft 56 87-1 331', 33ft.-r ft 3J4 ', 32 32 - ft 91 91 143ft 143ft- 8J 8H 22ft 22ft- ?4 45?i S r ft 4ft 4ft -f ft 12ft 12ft- ft 56 46 - 71 71 - 2ft 70ft 70ft- ft 37 37W- 1 31M 32H-. i'A 5SJ4 60 -r 1ft 95 95 87ft 87ft- 2 4J Hi- !i 4?i 4;- H 42ft '- M 85 ft 85 ft -f ft 106 106 ft I 31 J 31J4-f H 92 92 52; 52- 1 85 ft 85 ft .. 30ft 30J4- 1 58 8 t 115J1 115K- Vl 131ft 131ft ft 137 ft 127 ft 80 80 - ft 26 ft 26ft- im UH- ft 45ft 45V4- ft 45ft 454- 14 75 75 - ft 99ft 99ft -r ?, 90",4 90ft- ft 87 ft 87 ft- ft tO 90 - ft 3ft 3ft- ft 30 30 - 1 22 ft 22ft- ft 10 H 10 -' ft 3i 3 -- ft SOM 1)64- 1ft 37 ft 38ftx ft 56H 86H- M 544 SSK-r ft ' 101ft I04ft .. , 5 4 -f Si 40 1 i 40ft -- ft 7 7 .. 75 75 - 1ft 3". 3ft- I 116ft 117ft- Ji 5ft Sft .. 16H 17 - I 27 27 ft 12ft ft- Hi 71H 71ft 43 43 - ft 1 6 6 - fi 122 ft 122 ft- 1ft 15ft 15H4- ft 4 4 30K 30- 7s 66li 66?,-?- ft 34 34 -- ft . 46 46 - ?i ' 60 60 . . 10ft 16ft .. ! 34 ?4 34 ?4- ft I 12 ft 12 ft-;- ft l 7 7 - 3, ' 18H 18H- H 23ft 'Aft- ft I 37 H 37 -f ft 70ft 70ft -f- ft 31 ft 34 -;- ft 87 .. I 12 12- ?j 26 ft 27 ft ft , 484 48H- ? 1 73 73 37 H 37 ft - ft 44ft 44ft- 1 63ft 64j4-r ! 4 4 18ft 18ft .. 21ft 21ft -r 93ft t3ft- ft ' UH HS- V 1 87Ji 87K- 1ft 3.1 33 - H 64ft 64ft- 1 1.1H 13H- H' "ft 7ft- H 15 15ft- 1 19 (9 - 3; 111 111 ft . 99ft 99ft- V 10ft 10ft 3 17. 3 "2 21 21 - ft 77i 77ft- ft HTs lift- ft IS 18 - ft 68 C8ft- 1H S5 85 77 77 D'i OK- ft 15ft 15ft x ft ft ft -- 62 ?'i 63 - 1ft 62ft 62ft -r "2 131f4 1354 - ft i8h 1034- ft 72 72 71ft 71ft- Ji 31 31 - ft 82 82 r ft 9ft ft- ft 704 77ft- ft 32 H 32H-T- 24 ft 25 ft - ft 17ft 17ft- ft H H SOi'j 80ft .. 45 55 77 ft 77ft- ft 100 100 - ft 10 10 -r ft 3ft 3ft 38 38 4ft 3ft- ft 27ft 2Jft- ft a .. 74 70 -r ft 101 101 - ft 1134 1- 56 1 2 56 ft - ft 26 ft 26 ft -j ft 7134 71?',- ft 12 12ft- ft 70 70 513i 6'-K- 3 74 74 12 ft 12ft- ft 33J, 33ft -j- S 2ft 2ft- ft lift lift- ft 21ft 25 - ft 8ft Sft- ft 40ft 40ft- 1ft .eales In f Lit" 3100 ., Konnecett Copper .... 2H 100 . . Keystone T & R 10 100 6 Kresge S S 173 800 .. Lackawanna Steel ... -14 100 .. Lake Erle & West... 1!4 800 .. LRke Erie & West pf. 37 100 2 Ie Rubber Tire 28 3500 8.80 Lehigh Valley 88ft M00 .. Leeive Ce 14ft 100 l Left Candy 10H 100 .. Loese-Wiles Biscuit .. 8ft 100 7 Louisvllte & Neshvlllelli 100 7 Malllnsen & Ce pf.... 88 200 .. Manatl Sugar 26ft 100 7 Manhattan Elev guar. 39 100 1.75 Manhattan Shirt. ..., 33ft 200 .. Market St Rwy 3ft 100 .. Market St Rwy pf 17ft 100 .. Market St Rwy 2d pf. 1 400 .. Marlln Oil 28 200 . . Math Alkali 19 200 .. Maxwell Class B 11 H 100 g May Dept Stores 89 32600 12. Mexican Petroleum ..113ft 100 s Mexican Petreleum pf 88ft 100 2 Miami Copper 28 7Q0 1.20 Middle States Cerp... 18ft 100 .. Mldvale Steel 2H 200 7 Minn St P & S St Me. 74ft H00 . . Me Kansas & Texas. . 2ft 300 . . Me Kan & Texas pf . . 3ft 100 .. Missouri Pacific 19ft 000 .. Me-Paclflc pf 471 100 7 Mentana Power pf.... 100 T0 . . Montgomery Ward . . . 14ft 300 7 National Biscuit 122 200 .. National Cen & Cable. 1ft 100 0 Nat Enam & Stamp... 200 4 National Lead 81 1000 .. Nev Cen Copper 133 100 8 N Y Air Brake 00ft 2800 a New Yerk Central.... 75ft 100 . . New Yerk C & St L. . . 8SJi 100 6 N Y Chi & St L 2d pf. 03 2000 . . New Yerk N H & 11. . 14 ?0 4 -V Y Shipbuilding.... 14 100 .. Norfolk & Southern.. 9ft 100 7 Norfolk & Western... 9ft 200 ., North American ctfs.. 42ft 100 ., Ne American pf ctfs.. 40ft 2000 7 Northern Pacific ...... 83ft 100 0 Neva Scotia S & C. ... 35ft 1300 .. ekla Pred & Ref 3ft 100 2 Orpheum Circuit 15 100 8 Otis Elevator 1193, 200 ., Pacific GaB & Elec... 4ft 100 ..Pacific Mall Sft 2300 .. Pacific Oil 48H 5300 6 Pan-Amer Petrel .... 51 700 6 Pan-Amer B 47 200 .. Panhandle 13ft 100 .. Pcun seaboard Steel.. 10ft 400 2 Pennsylvania R R. ... 343; 200 .. Peeples Gas Chicago.. 57ft 200 .. Pcre Marquette 21ft 100 .. Pcre Marquette pf . . . . 89 200 3 Philadelphia Ce 33ft 100 .. Phillips Pet 30ft 200 . , Plerce-Arrew Moter . . 13ft 300 .. Pierce Arrew Met pf. 32ft 2100 .. Pierce Oil 13ft 200 .. Pitts & West Va... 25ft 100 . . Pend Creek Ceal 15 200 .. Tressed Steel Car... 67 400 . , Producers Refiners ... 25 100 . . Pnd. & Ref. pi . ... 35 200 .. punta Alegre Sugar.. 29H" 1100 2 Pure Oil 3934 200 S Pullman 109ft 100 8 Railway Steel Spring. 02 900 .. Ray Cen Copper 14 ft 8700 4 Reading 74 ft 200 2 Read.ng 1st pf 43 100 2 Reading 2d pf 42ft 100 ,. Remington Typewriter 24ft 100 . . Replogle Steel 23 500 .. Republic Iren & Steel. 80ft 1C0 7 Repub Iren & Steel pf 893i 2.10 .. Republic Meters .... 7 3500 6.20 Royal Dutch NY 403; 200 .. St Leuis San Fran.... 23ft 230 .. St Leuis San Fran pf. 38ft 600 . . fat Leuis & S W, 23ft 100 .. St Leuis Southwest pf 35ft 100 .. Santa Cecelia Sugar.. 134 300 .. Saxen Moter 2ft 100 .. Seaboard Air Line... 3ft 21700 .. Sears-Roebuck 5634 1200 7 ScarsRecbuck pf 863; 400 .. Seneca Cep Cerp 23 200 .. shattuck Arizona Cerp 7ft 400 .74 Shell Transport .... 37 2400 .. Sinclair Oil 22ft 8300 6 Southern Pacific 81ft 200 .. Se Perte Rice Sugar.. 35 700 .. Southern Rail 20 -100 .. Southern Railway pf.. 49ft 1200 4 Standard Oil of Cal.. 80 1200 0 Standard Oil of N J.. 175 ft 500 7 Stand Oil of N J pf . . . 112 600 2 Stewart Warner Speed 23H 5001 7 Studebakcr 76 14 200 .. Submarine Beat Cerp. 3H 1300 .. Superior Oil Cerp Sft 6500 .. Tenn Cep & Chem ... 10?B 4200 3 Texas Ce 45ft 2000 Texas Gulf & Sul Ce. 34 800 .. Tex & Pacific 24H 3100 l Texas & P.ic C & O.. ' 10 . . Texas Pac Land Trust340 100 .. Third Aienue 16 200 0 Tobacco Products .... 89ft 3700 .. Transcen OH 10ft 100 10 L'nderwoed T.vpewriterl25 200 8 Union Bag ti Paper.. 73 3000 .. Union Oil 20H 4100 10 Union Pacific 131ft 300 4 Union Pacific pf 73ft 200 .. Union Tank Car pf...le3ft 800 8 United Drug 71 200 6 United Fruit 123 8100 G Un'ted Retail Stores.. 53ft 500 .. U S C I P &. Pdy ISft 100 5 1'SCIIft Fdypf. .. 54 ft 1200 ..US Feed Products... UH 8000 4 U S Ind Alcohol 37ft .100 .. U S Realty &. Imp.... 57ft 1800 ..US Rubber 50 400 8 U S Rubber 1st pf.... 97ft 100 3.00 U S Smelt & Ref pf... 42ft 4200 BUS Steel &2ft 300 7 U S Steel pf 1123; 1900 3 Utah Copper CO 100 .. Vanadium Cerp 31ft 1300 .. Va-Car Chemical .... 30ft 100 .. Va-C.ir Lhunleal pf . . 73ft 2110 .. Viiadeu Inc 7ft 100 . . Wdbasli 7 Ji 200 .. W.tliush pf A 22ft 109 1 Weber .t Ilellbrencr . 12ft 100 2 50 Wills Farge Express. 04 400 .. Wesf ni Maryland ... 0ft 100 .. West Maryland 2d pf. 17ft 100 .. Western Pacific 19ft 200 fl Western Pacific pf... 00 100 7 Western Union Tel... 90ft 600 4 Westlngheuse 15 & M. 47ft 100 . . Wheeling & L E 8 1200 .. White Oil Cerp 13ft 100 .. Wick spenc Steel Cerp lift 2500 .. Willys-Overland 5 500 .. AVillys-Overland pf .. 28 400 8 Woolworth F W 123 ft 100 4 Werth. ngten Pump .. 43 10J 25 Wright Aero 83; Ex-dMdend. 3 1:30 Net I.OW r. M. Chge. 24ftH 2ft- y 10 ft m - i'4 42 - ft Uft-f Vt 371 29 - !4 8734- W lift- J'4 10 H 68 -26 ft- 39 3sft- y 3ft- 34 17ft- ft 7 - ft 27ft- Vi 19 - m UH- V 89 - 1 , 110ft- 4K 8814- 1 3534 14ft -2434 71ft 2 - 314 19ftx 46 ft- 100 -r 134- 10 173 42 12 ft 3 ft 28 87 ft 14 ft 1034 86 ft 114 68 2814 39 33 ft 3ft 17 ft 7 37 ft 19 UH 89 110ft 88 ft 25 34 14 ft 24H 74 3 3ft 19 ft 48 ft" 100 MK 122 Hi 42 81 13 ft 80 ft 74J4 68 H 68 13ft 14 ft 97 ft 42 ft 40 ft 83 25 ft 3ft 16 119?; 04 ft 8ft 4434 51 40J4 13 10ft 34 H 57 ft 89 33 ft 30ft 13H 32 K 13ifc 2534 15 07 24 35 20 ft , 3SH '109 92 . 143i 7314 42 H 42 ft 24 ft 23 49ft 8034 034 46 ft 223; 38 H 22 35 ft 13; 2ft 3 ft 5434 85 223; 7ft 303; 22 ft 79ft 33 20 49 ft 87 ft 17334 11134 231i 75K 3H 8 10 ft 45 ft 33 ft 24 ft '.8H 340 10 59 ft 9H 125 73 20 130 ft 73 103ft 70 122 ft S2ft 18 54 ft UH 35 ft 57 ft 40 ft 97 42 ft 82 ft 112 ft 88 ft 31ft 29 ft 73 ft 7ft 7H 22 ft 12 ft 64 -ft "ft l!i 60 00 ft 47 ft 8 12 ft "J'B S ft 26 ft 121ft 43 834 ft MARKED BY L OSSES Potreloum Greup Irregular. Demestic Oils Quiet Ceal Stocks Fairly Active 122 - 2K H4 ' 42 - H 81 V 1394 W 60ft- H 74J4 J 8834- V2 03-1 isji 14 ft H 7ft- 94 42ft- ft 4CJ4- ft 8234 -r Hi 28ft- 1 3ft .. 15 11934 34 04ft H 8ft- 14 414- 54 81H- ft 4634- 3 13ft .. 10ft .. 3194- ' 57ft -r Vz 21ft . 89 -f 1 3314 -r ft 30ft - 14 13H- Ji 82H- 3 13 4 V 35ft -r H 15 07 ft 24-1 35 3- 3 29ft- H 3934- ft 109 ft -f ft 92 - 134 1434 .. 73ft- 3i 4234 42fi- ft 24 ft -f H 2.1 ?- ft 4934- ft 8934 t- 134 034- H 46ft 1 23 J- ft 38H- ft New Yerk, Xel ?0. Dealings en the New Yerk CdtW today were tlmilnr te' these en the tecf exchange, recession! occurring in oil t.ba .leading stocks nnd the majority -of ljme nheivcd losses us 11 result of the t.ay'K operations. Lin coln Meters A wtas In supply and de clined te the new low of 2V4 ; Mercer Meters also &&ld Ut 2VJ. Ceal stocks were fairly nctlvc, llurns llrotherH It ranged from !WU te !I3 and (Jlcn Aldrn sold at 4;i!,li te :sy2 in the first half of the day. Farrcll Ceal sold at 20. Petroleum slecks were Irregular. Slmms Ittrelcum ranged from 10 te lO-Ti, the highest price touched in a long period. Angle-American Oil nlse was strong, moving up ever 1 point te n new high for the movement. Stand ard Oil of Indiana ranged from 80 te S0. Demestic oils were generally quiet. Cities Service common sold down te 20." and Jfarncolbe was fractionally lower nt 24 t. Imperial Oil of Canada had a further reaction from yesterday's high, selling down te 104, followed by a slight rally. l.l)U9rilI.l.3 HlRll Lew Acme Ceal .! U Acme Packing 0 7r Ilrlt AmT Teb coup US lt lliirr,, limn 11 3.1!i 33 Callfern'a CrusheJ Fruit. US 0'4 Celluloid Ce crcf Continental Moter . . I) & 11 O pref I.'nrrcll Ceal Glen AMen Ceal Uoedyear Tire Ooedjenr Tire pref . (larlnnd B 3 Heyden Chem Inter Pren Lincoln .Moter A . . . M K & T M K : T pref National leather Ner Amer Paper ctf . I Phillip Merris Hftdle Cem I It J lteynelds (new) "I Seuthi-rn O I Swift International . . Suci-t Ce Teb I'reil Ilxp I V H Ship Cerp IT 3 Steam tinted Profit Sharinc. I United lie. Candy . . . M'asne Ceal . . ., UV-uf P.nH r"hm .100 100 II flu 20 4:t4 lU'.t, 27 no 11.1 17'i "lt II 23'i 31. CO $ .1AU 21 :i 4 ID 37 it ltV .STANDARD OILS Anule-Amer Oil 21 Atlant'c Lobes 0'4 (Inlena Oil 40 Tratrle P L 23rt Imperial Oil Can 105 Stand Oil of Ind SOtt ; BO 20 I3'4 t2'.a 27 nil 85 17 i 2-i 0 23ft CO 4'4 2'i 3;l 21 3 I 10 10 1 r.ft 1 1.30 r. m. ts 75 en lOtf'i 60 20 43 ti J?rf CD 8- 17N, 2'i 0 23 'J 3 60 2U 30 21 3 1 HI 17 li r.14 l'i 1 Cuba Railroad Company - Equipment Trust V?e Geld Certificates Issued under Philadelphia Plan Commercial Trust Company, Trustee $25,000 due October 1926 $25,000 ' April 1927 $25,000 " October 1927 $25,000 " April 19i8 We offer the above, subject te prier sale at prices te yield about 7.60 Telephone-SPRUCE 8200 m Commercial Trust Company Member of Federal Reserve System City Hall Square i 20U 10 104 INDEPENDENT OILS Amer Puel 2j 2i Allen Oil 72 72 , lloene Oil 27 211 Rosten 'Wyoming- 83 81 1 Ilrltlih Amer 304 ae 1 Carle Synd 4 4 Cities Service (old) 20S ,20S I Cltle Service "D" ctfa... 22"4 22'i C'tlea Service pref OH CI) Title Servlre 11 pref ''i C4 Creele Synd 2V 2'4 Klk Dasln Pet 7' 7 I Knirlr'iers Tctrel 02 01 Inderal oil 1 ," l.v Ollllland Oil 1. . Qlenreck en.. i, i Hudnen Oil 13 13 Imperial Oil 10 10'i lnt Petrel 10 10 i-. ..n. nnnn. un da .. .. nrtniu in iti,u.i;i .. ... cu pi. - ' Llvlnnsten Pet 1H 1H 35ft I.yena Pet ". ".' ia- I Muracalhe Oil il i Merrill O'l ft- ! Mexico Oil 3ft .. i Mountain Products . .i 83ft- 134 National Oil NJ .... cm i N0()16 86ft x IftOmarOII 23 . . Pennel. Oil 7ft . Red Reck Oil 1 .. i S mms 1'et oe-At-r V4 Hlnrlnlr lirf 21 40 23.1 104 SOiJ 72 20 2 30'4 20R 22 4 CO en 2H 7',i 01 4U lJS 10i 10 80 1?i V3 V 4 . fkelly Oil 80 - 1? 1 Southern V . rt , I CAUII Victeria Oil nei Wilcox Oil 'A is 134 35 - 20 -49ft 87ft- 11134 23 ft-7534- 334- 8 - 10ft- 46 ft- 3334- 24 ft 28 J, - 340 - S 16 59ft 9H- rta 73 20 - ft 130ft- 13, 73 - ft 103 ft- ft 70-3 24'4 24'i 2114 10 111 10 1' 1'4 l'i 10-, l(l, 10 2 24 2'i 12 12 12 SH SC SI r.; r.ii c4 i i i le4 iei 10'.4 00 pll oe ns Hi i r,, ri't 6'4 7.-. 73 73 MIXING I- AiaKa-iiru i eiunilila 2 i Copper Canyon cenn Copper .Mill.... Crescent MacNim.,ra . P.l Saliader Kureka Croesus . . . fJeldfleld Florence . . . fleldflcld Zene Hani Shell Harmlll Divide MacNamara Mether I.ede cli National Tin Nevada Ophjr Ohie Ceprer . . , . , , ritte Mt Shasta Hay Hercules ltechaU'r Mlnea . . . Se Anicr P K c; Tonopah llclment Tonepali CiiHh Hey . . Tonopah Dhlile Tuolumne United Eastern , . . H ft ft H ft ft ft W H p. -IS 10 in 28 3K IK 33 l."i 13 (11 23 IS .-'T. Ii' II 117 cr. 2H W l'i s in 2S 37 1S Vii 12 It.-i CO M TsJ ,is in 2rl 37 IS 32 13 13 V (111 25 !l 21 23 1H C, ?.ft 117 O.T 23. we are pleased te announce the opening of our New Yerk office at 34 Pine Street Telephone Jehn 1B31 IN CHARGE OF Lixnre A. mungkr, vice-president Ta.yixr, Ewart Sa Company INCOBPORATID INVESTMENT SECURITIES NEW YORK CHICAGO KANSAS CITY 34 TING STREET 10S SOUTH LA SALLC STRICT VICTOR BUILDINS IIONDS Allied Paclfer fit Amer Tel 111 1H22 Amer Te! lis 1921 . 122ft I34 I Anaconda ' 32ft -IS -filft-11-n-3.5 ft -37 ft-49ft-97 -4ft-S2ft- 1124 Anucenda 7a 1020 Armour 7h llarnednll 8s lteth Steel 7h lO.IT. . . Cel Graph si Cens Oa hs . . . Cens fins Halle 7h 1!)31 lV i.epp'-r i.xperi ss iii-j . l-fM'uliaii Tel T-i s 34 Deere . Ce 7'us ft CioedrKh Tire 7b . . . r C rand Trunk tlijs i.uu un in is 34 1ft ft 3J4 .inn inn . nil's ifiiv, .102 97 let r.i'i 100', . 102 1, ineH imi ions . inn . H7'j un HID 10O 911'i lill'i Hi2i till 1., 101 3 r.-j 100 100 IIUU 101', 1112'. 11? till f r.4 GREAT NORTHERN RAILWAY CO. General Mortgage 7 Geld Bends, Series "A" Due July 1, 1936 NON-CALLABLE PRICE AT MARKET TO YIELD ABOUT 6 ion',, urn'. lll'j 111-"., -A Hunible Oil 7 Me Kan Ai T adl tin. . a, .i. , .me iian ii -r rm iuii. "n.i .'? Me Kan & T (Is 1032 31ft- ft jte K & T -Is 19 6 j "914 l'i Ki'tlllecntt 7h 311 I Nat Leather Hs if? 2 'N V N H I- II t 'lr Hill. 10(1 07H 074 llM'Z 'Ml . 1114'j 111!', 1(111, Illi-s llli, UIL'V len'i ioe; 41 41', 734 22 ft 12 ft- 04 ; ft -17 ft-19ft-60 00 ft -f 47 ft- H ft . 2H 121ft 43 834 -! ft I'hlln Ce IN I'hlllpplna r.'i h Heart, Hoeburk 7a 1022 Sli.iivsneen 7 Sulvav Ss . i seumern hw- us ' .s'nuthwem Hell 7e , Stand Oil N V 7h 1IC7 ft Slft H Ce 7s 1923 2 I Hwirt t Ce 7s 1031 '- Tel ndlsen 7h ... 1 Cn Oil Tred s 14 i Vacuum OH 7h Va 1.4 lOllli .. 4L". . . 77 ' Ii4i .ion', . . us' ni'? . nv, IO.-.h . II9S 102 104 !'tll 101'. ii in.1', ie.". inn urn. lU.', JU."4 H24 HI'S IS't 114 11RS4 10.11, titi'i in.' Kit un". 101' ft '3i U4 M'eBtern liter M'lniheeter 7'js Arsentlne 7h . . illn Grande 8s . Swiea BHs ies'; 100 101 'a 101 'i 101 ii. I , inn H2 aW 1001, isi4 us li 101', 11(1', 1 02 104 !l'l. 10l't 101', 100', 102'. 10.1!, 100 Compare with ' Due Union Pacific 10-Year Secured 6i. . . .1928 Lehigh Valley 10-Year 6i 1928 Chicago &. Northwest. lS-Yr. 6s..l936 Penna. R. R. 15-Yr. Secured 63S..1936 Price 102!s 101 107 94 106 Yield 5.55 6.72 5.70ce S.857e MONTGOMERY & CO. Incorporated 133 Seuth Brend Street Philadelphia .104J, 104J, l()i. flfil, lll4 UH",, fifl's Il0' (lll loeu me, l n e ft s-I 0H tiSH PHILADELPHIA STOCK MARKET RAILROAD EARNINGS -, I "l Is. s-ul-THWIJ-TllIlV ;- i'..' sill .!.(, I4! 'i-ll i..'7 sul .ii Is-, Iiiit .1 174 ttlj 1 4 I en 1 17 I J Sin finil -H7 .11- 22'.l.9n 2U1 JH7 I I'll .Hi- 127 (12 111 1-' .VMI 310 1 1.1 Net limn Lew P M. thee. ' GO Am Sirs T-i'i V.s 7'i-r ',' ltui. Am ! Tuli . . ii . ..i-j-ft v-v, I-:-', . ind A ikIh-Aiii en .... 'Ji vi -' , L'.'i i:ic Sti"- HT HT'i Hi', 'i 111 (.en Aiii. C'-'Ts l!,-"s 'iJTK I''- loe.c.Mi .iiit. mT, ni7 i" vh - -mm-M nil .. .; : " : HMl I..iU Sup 'i''i l"i ''i 's ."I 1. rli Nm . I''s'j a '"''' "' I ::een piiiia r.iei- 1st ." 1(XXI l'hila Kler Ut ". :ioe l'hiiu i:iei- 1st rs .1110 l'hila VM' Ut ."s. LMMMI Itcadlne K''ii 4s. . . UOOO Spanish -Am (Is . . 10(H) In Ilwy U HlllO l'n Itwy ."s .lets Ifi.'u. This figure allows for fun Interest I en the cempnnN's ailjuatinent lr.--Ome e per I etnt lienda. October grern, was rtperted at 11 ll)U 1161. an Increase of J47.O0O. compired , , , . with a car jjre. :n ', I',J !I'J Itewanl Jf Geff has hereme associated i with Ktreud & Ce . in their bend department FOREIGN EXCHANGE New Yerk, Nev. .'10. Anticipation of the expected forthcoming Interest conference te etablli.u exchange, nt which tliis country may be infermully represented, ivnH reflected in tshnrp all iances at the epenins of the foreign ex change market today. Gains in the al lied exchanges rangeil from I te 10 points. Marks opened at ,4'J, com pared nitli ..'!7 in the close, j ester der. Fellow inc Hie caily dealings, the market ceiulimc'l excited tiinliii-regiiiur. r- - l'11 i'",,'cler" f William WrlKley, Jr , i ,, ,., ....... .Ilfl',,.,,, f01- trarleri. tn t-ein'. S'i , I Ce haie vetd te retire It Sl.r.OO.oeo out- I l , J tiiiiui il iei iriiui'is te Keep - I sianninK nrrrerrni sieck as of Januar " liracn ei rules v. im-ii iverc miimi'iiiniliy ai nu ianu iiccrueu niMueniis. ndvnnc nc or i eel 11111: from 1 te 1! fielnts. In the middle of the seeent 10!) 7M'; I Financial Briefs : .irVJefj!? I"1n.,"."La.t.,, Wh ! Leur. Kt.Tling cnble- wcie :!.!)9 M-ld rnent. " idciiiand .t.ll'.lft; 1 Tureeters of William Wrlglev. ,lr. Ce ha Mitnl te retire the tl SO" 000 eutsland- iitK in-i-irn suHK bb 01 aniiarv 2. at 110 MONEY-LENDING RATES MM I'lltli Minsv en tdll both il.,i, ,'.r, . ih ii"'! lud.e nt .1 per i.nt f r n- . 1 .1 1 "i - .line I'MII l)l".l I'lll 1 at 1'sli! t m- , '( '. 11 .-t innim'rilal paier ihre,- te . 111 1 1 - ".', H 1 ' "lit Edvvaud B. Smiths. Ce ' 1411 Chestnut Street liimbsra New Yerk und 1'hiiaJulphia block Lj.hantn Llnvc8tment' Securities WUidelphla New Yerk Liverpool Cotten Llii-rpe'il. .In Th ri v,as a fair -n m I f r spot . 'jii'iu leilav s 11 h iri'M 1 l , ti 'he bums qf l'. de' llll" nf HI (hmims fur iiinldlinK a' 1 ttct.l Th" Miles stfr- 71)1)0 ,1 T' ri-'-t- l'l 'verr 2s. "O'l bal' in uiliiw in il'ni b li-s Amerl'an Tuiur-s . rn inn. 1 in th-. tti'v dfallriHs spot ir .- r Am ri. n iniddlinir fair la ind . I i?i i.lil) 1 r,sr 11 7il fulit ml'l'llln.: 11 'ind 111 1.1 11 11 n tin I ." niiMMiii; ti iin.l emu it. nan 7 si I .ii.'l 'idlnari 7 10d. Rebert College Gets Gift New "Serli. N"i ! Cleveland II ).idue. Iliiiuicler, liiiM-eiilrlhuteil $.10,00(1 1, 1 Hubert College, of Constantinople, I upon the condition that nn cipial amount in obtained from ether sources. :;e'.. L'7l, 1.". I'.. ill 'i'lll Light Pf 41'. I'j jJS'j- ;a 1! I'.i S-i't . (0 '! '" li l'hila I W "iO .10 .10 .. '.rj I'liiln Ce it 111 pf '" un riuin r.ii- s i;i7 11 1 11 r 'i ' -1 '1 -.1 1 -li i l U T IT'n 1""s 1"7r-,- 'i KieiSiiiiliiii.. ITJ's --1.' -"J''.' 'i C.IIOT..II It'l - 1'j 1'j 1'j- '' 1.1.1 l'n Tru. .. : :!... !l.1 l'i i-j.ir i 1... :'.", : .'!'.',.. .10 de pnf -UH, ,- ,-;ii . . K dii il ml i'id.11 l" li I pr- f tii ihuiiKi' tneile bi i"miarisiin wall la't ., ,,11 S.m l mil Slu. k llxihanK I'llll.MIIM.rilll IIONDS VJliO I.iliutv Itli l',h "J4", .lets 117.10 who Viuoe i,s "-:; (i'.mh 111(10 Kin- iS. I'i'i'P '- 01 J j 1000 l'ennu gen Is IM1 'JOOO l'hila Ce cuua 5s. ....... S5Vj The aierase price of the nientv netlie in- anc) urerued illvld-ndn. The rniiular monthly dustrlal stucKe declined 25 l"r 1 ent yestei- ,in j,.nd nf Ml e-nts en the (ommen etec'k day te 77 7ft while th mini railroads ad- a derlared. paiahle February 1 te stoek lanced .CO per cent 10 7H 00 Allan M Heed has been elected president and a membi'r of th Heard of nireiters nf the Kxclsler Trust i'enipany Mr. Heed was formerly real estate uffcer jt the liuaruniee Trust at.-d Sjfe lJeponitCemianj IV T Tslfr ir, pres'ilent of the North ern Pacific It.-iUruail Cenipan in ihnrue of nferjilene, ha reslun"'! bee.rtisrt nf 111 health. J. .M ll-ieje form -r Keneral lii.ni aKer of the Northern Pacini. Ii.ia been named as his eurrisser Imrlnn the war Mr Tyler seried as Ulrerter of the IUvIhIeii of Operation of all the railroads of Ibe ceuntr 'I h O'teler r.pei 1 of the reieni'es and fx pentes nf elght-sl CaHe 1 reads linu"'i In the Ilureuu of Halliuj KiiMinlrn. shuns . net rai.uay eperatlnn Inreme anreuntlna te K10 011 107. en liiireasn of 10 7 per rent compared with ihe return of .1.14,210. 121 fm the same, toads uf October. 1020. friine cables 7.0J . checks 7. 01'..; lire cables -1.11, checks 4.1.'lli; marks .40.j. Tlie Central European exchanges wern unsettled and irregular tedaj. Austrian reacliing a new low record of .()1!7,h. Other iiiotetions were: llul garian. .0,1; Huiiianiau, .7.'t; Serliiati, l.-ll!; Czeclio-SIevakiau, 1.0"', ; .lugo .luge Slavian. .B.T-i 1 (iieek. 4.0.1; l'elihh, l.naett A Mvers Teharcu Company n , 1 I .0'JD'J ; I'illllll , l.i.i; Illlllgnrian, ,.. 1 ,i...,, ..in, n per teni inree-year ' 1:11. ivhlih nianire ppicmbe- 1 without, Vni ! of record January I tank A. I.aUii prceldent of the Hnil Druthers Ininpniii has ben elected a di. r. der of the Middle C'ti H.inK. u off P. W. Kelley F. W. Snyder Jehn K. lUmmitt We have this day formed a co-partnership, te de a general brokerage and investment business under the firm name of . P. W. KELLEY & CO. Members Phila. Stock Exchange 528-529 Land Title Building Philadelphia December 1, 1921 Phenes: Spruce 70S I 7682 76SJ The premium en Xew Yerk fundH in IM liOti' am nci tlnanclnk- f,,t,ti-eiil rmlnv wnq liiiclintiL.eil nt li.'t. V"t epe ratine liueme of l.chlicli Vallev in t, nlmi M'Ii'p illvceiiiil cm Cfinniliin, n I'.bi-r iias Il.07li.8l7 I.111.H12 les, than per cenl. 1 lie tiijceiint en i aniidinii in sepii'int.er, nnd $isii.ii)7 i-as than Oc-' fundH iii New lerk ins unaltered lit tuber. 1020. but IHIfllJll morn than .Tulv. I R 0.10 tier cent. jh best n.enih this y.ar prier te Heptcni- yES:ru,Ar S TINA1, i harles V. Jlllnn Jr. lce president of i rJetnand the Phllnili'lnhla Natlnniil llan. h. r. I ables turned from a ten weeks' trip abroad. In TODAY H lll'i;NI.Ml WCUTATIUNH QI iiTATIO s Hterllnr; Francs l.bi' liullclirs il IISS, 11.111 i.OT'i ,1.1 t.1 Il Oil', ) !M'j 4.0M sin i:rii'liiiul und en the Continent Tonopah Belmont Resumes Dividend Prmand , Cables Sterling Francs a.iiiMj 7 os I Oil 7 09 I. Ire (lulldsin 17', :i,i ,n .1H 3,1 1.1 Thit Tonopah llelmel. llivelenm-ent Cem. nany illrectera tedny declared a dividend nf nneirf.r rpert of the Third Aienue Hail ' n tier cent payable Juni'ary 2, te itnokhelr). wy yBtem shows a surplus after chances, era of record December 15. Last prev'eus smeunilne te 117 173 an lnereas of 0 'dividend was April this jear. and was 351 compared wlih the rcpurt of October, niae B per cent. BAR SILVER Demestia bar silver was unehanKtd in Nsw Tern teauy i uu per nne ounei ferelin, pnte wa 07'lc un Uc In IjOmlnn ,i, 1 lower at 37'.id, WE OWN AND OFFER Arcade Real Estate lit 5s, 1024 Baldwin Loce. Works 1st 5s, 1940 Lehigh Ceal & Nav. Fund 4s, 1948 Northern Central 5s, 1920 North. Penna. R. R. 1st 4s, 1936 Pittsburgh, Young.tewn & Ash. 1st 5i, 1927 Union Trac. of Phila. 4s, 1952 MORLEY, WOOD & CO. Members ew VnU Stock Kxcliange l'lilladelphla Steik Kxchan 333 Chestnut St. xchanga Bell, Lembard '., Keystone, Main 48 lfl V I
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