TJ'.i
i l'
Income
, and
Profits
Taxes
19 2 1
(Explanatory Digest)
Mailed
upon Request
Commercial
Trust
Company
Member of
Federal Reserve System
City Hall Square
ill-
ii-
f
Teledo Edisen Ce.
First Mtge. 7 Bends
Due 1941
An electric light and
power bend which, it
called by the Company
before September 2.
1931, will be redeemed
at a premium of at
least 7JTe.
Price te yield
about 6.55
Complete circular en request
Ask for F-5.
Harris, Ferbes & 60
Pine St., Cor. William
NEW YORK
PHILADELPHIA OFFICE
Widoner Bldg.
Telephone Spruce 7040
I
pmmmrrijmmmavjiBiswissQs
WE OFFER, SUBJECT TO
PRIOR SALE:
i
Pennsylvania R. R. Equip. 6's
due 1929 te 1935
New Yerk Central R.R. Equip. 6'
oue iajj
Province of Saskatchewan
54's
du9 1946
Alabama Power First 6's
due 1951
Particulars en application
Estublishctl 1W3
410 Chettnut St.
I'hlln.. I'a. C
Members of the Philadelphia and j
New Yerk Stock Exchanges "A
LWEiBiswiiarjjiiiEii'raiaeiLSKara
Salesman
. An old -citabllsheit Stock
Brokerage flrnt Is looking for a
man te work up and develop
nome of their ad"ertlslnc leads.
He must abevn all have a. clean
record, must be possessed of a
pleasing personality, and have
that combination of tact and ag
rresaivenesa that will command
business.
Although net Absolutely rsient'fcl.
It Is deitrubie that he aheuld hv.i
mine Stock nntl Heni experience.
Te tile rlxtit man a fair m.Hrv wi".
tx paid at th murt. and If I14 works
alenir tfte frH l'nr. n ti thi hjii hjii
pert we ahnll gtvu hi in. hln future
Will be assured.
Applicant recirds will )c c-cne v
crtltlnized, as only want a mm
srtie has mi unburn shed iast uii'l
la In every way werthj te resrei-nt
a heuse of ceed standing. I'lm
ttni uppllr-rttlun with full di-talla
te una and part exrerli.n.q J'l
dressed t .
SALESMAN. Care of
Hntes Advcrtlsine; Company
Bulletin Bldg., Philadelphia
Actual Trading Markets in
rnnft. VI liter A l"r. .V 1040
Cubti It. It. Imp. A I. rs 1'Jfln
Cunton-Akren fi's 1915
Cadde Centrul Oil t. Kff. fi'n 1030
Arllunn 1'aner O'ii tli.13
lAiuUTllIe 4.' Jrir. Ilrldie l' 1043
Kulirrelil Ce. Il's 1U30
NeW Verk, I'rnnii. . ). 4'' 1815
United IS el ! O'n 10S8
Itidl.itiu Berilrp ,1'n & R'i
Penna. Ceal & Celce
HUNHAMsfii
Wr Juvestmatt Securities.
43 Exchange Place, Ner.' Yerk
j'tlfji.Grrn b300-10 llvevtr
rcei
GEO. A. HUHN & SONS
STOCK" 1M) POSDH
WMubcrs of the I'hiliiilrlph n. New
rk inil Chlcsee Stock Krhiini:rs
Commission Order. Executed In
AH ! Trlnelpal Markets
14k arty Bends Bought and Sold
uilsvus Cflutt Hid.. MIS' Walnut WI.
""""ji, y,, in IlreJdwuy
JLI
y ' ' ' H iHiiLLIi V I I1 II HTTP
TO
LS
Sales
soe
tee
lene
con
300
10(1
lene
100
700
300
300
ece
100
700
tee
400
100
103
'400
300
SOO
tee
czne
100
1100
100
"!00
ine
'400
3.10ft
1000
300
200
100
oeoo
100
100
lr.ne
'400
IS
1100
1100
100
4000
100
4100
H00
400
100
100
moo
fllO
1000
10U
10400
100
100
100
2000
200
100
100
400
100
100
,"00
100
BOO
A00
900
vna
100
iron
inn
4000
3G00
3000
1000
20(1
1600
ftOO
100
000
200
200
hOf)
100
cne
1100
ion
7'0
100
2011
2'0
100
2tm
KO
100
1200
2100
2"0
1P0
tee
2110
lfl)
i 0
4000
100
lire
2310
tee
100
100
11 n
200
ICO
inn
300
2"0
100
100
1400
100
am
2 0
400
100
100
12S 0
300
3800
asm
,a ioe
300
39011
100
seen
300
400
100
100
1200
100
3900
.no en
000
1100
100
ine
ion
101)
inn
33011
7S0O
r000
100
.ion
2100
200
3010
30 M
23 1
no
2H00
7001
100
I Movement Suggested Concerted
! Pressure Agninst a Stnle
! Short Intorest
New Yerk, Dec. 0. Trading In today's
Heck market continued te rim strongly
toward the (specialties. The clcnvnge
I llneH between the railroads nnd Indus
IjriftlH were definitely drawn, ns It was
n selected Issues of (he hitter division
- Interest wen feciissetl. Almest every
branch of the list, however, excepting
I the ruim nnd the oils, tllNplnved strength,
i but by reason of the shifting of ac
tivity te the vnrleitg specialties, the
market had a very lumpy appearance.
CtirieiiHl.y while the mils were lng-
Kariln, the eiiulpment group assumed n
I'emtnnndlnc iiositlen, and for a time
were the real lender". American Loce-
i met ve sprlnRltiB Inte prominence in n
; Njilrited rle of ever -1 points, nnd ether
similar movements in scattered parts of
the Indttntrlul dlvNIen. MiRBeMctl con-
certed dotneuHtnitionN nsnlnut what Is
activities were in evidence in many quar-
A continue, buoyant bend market,
with new hish records for the second
nnd fourth Liberty IV.s, nnd for the
ictery 4rt nnl a 5 per cent call money
;" u'-e mere tupplied a strong i
ndrrplnnlnn nnd pave fresh enceurnge-!
incur fur broadening of operations of the i
various speculative combination. The1
MrenRth mid ruing trend of the list at-'
traetid the mere attention In view of
the cautionary nth-ire Fent out bv mest1
all the lending wire Ihiu-ch, must of them '
ucing ei me opinion Iho top of the cur
icnt swine had been reached or was
tn-.irlv in nisht.
Over the. week-end developments v,ere
without importance or special interest,
the reconvening of CeiiRreMt tnn with
out influence, although there were ap
parently oulte a f-w who felt disposed
ie reBirict rurtlier large commitments;
iii nuiuc iine was entninabie en thei
Possible presrani of the new Congress,
the stubborn attitude of the se-called'
"Bricultural bloc in the upper house
R.'iie little hope nf un curly passage of I
contemplated new iosMittien in which'
the market community is met Inter-1
ested.
Ueatens for the n pit thy of the rail
road group were partly te be found in '
the mnrk-d fnllitiR oft in tariff as siis
Rested in the miTeesins number of id e l
cars an-l the Krewinj recognition of the '
fact there must be further llipildatien .
'i labor before the transportation in- '
istry .-an be put F.didly cm its feet i
wain, 1'refU-tnking would prebablv an- I
.yi-r best the cause of the sIubsIhIiiipsh
r the oils. Subsidy reports from Wu-h- '
ngten acceuntctl for the strength of the I
-hipping group. This group were the i
eiu-.y attractions, but during the morn- ,
ing Mich specialties as Harvester, Pull
man. General K ecttie, American '
Woolen. I'ntted States Hubber, Allied.
Chemical, Crucible Steel and Trans Trans
entinentnl Oil weie taken up in turn.
.Meters and their subsidaries nlse came
in for an inning as featured by Studc
buker, Chamller. Tierce Arrew, pre- I
ferred. Iluii-U Magneto nnd Stromberg. j
i
NEW HIGH GROUND
! FOR U. G. I. AND P. X.
Electric Storage Battery and
American Gas Alse Make j
Fresh Tops
, Seme of the local stocks breke into j
I new high ground in today's stock mar- I
'k"t with fairly animutcd trading. The I
i mere prominent being I. (5. 1. common I
stock, which riineliml 41 1. n nmv inn I
:j for the year, nntl Philadelphia Electric!
j' common, which sold up te 1M:!4.'
:j Neither of the preferred stocks of these i
Jj cfimpenles did much, or at leuFt made!
3 I headway. I'. (J. I. preferred ruled llrm
i at rl and Philadelphia Klectric prc-
:j ferred at "Pi. I
J i In I. C. I. the strength of the stock I
j wss attributed te the growing chance
i el' the Ipem' controversy beiug shifted
I te the consideration of the Public Scrv- '
.ci- Couimis-ien. That of the Philadcl- .
1 Iihin K'ectrlc issues lacked definite, ex- I
A plnnatlen.
j , Klectric Storage Hattery was nnethc
4 te make a n-'w penk price nt 11!)'.., be- ,
tug a '-j point above the previous high '
ncerd tf tne i.ir. Anierietui (jus n
i still another te make the higher greun I
touching 47, an ndvance of points en t
(-ry Fmitll transactions. .1, (J. Urlll nt i
i the -anie time, en limited dealings I
mounted ! pein's te -ill, or l. points j
i above the low of the jear, and 111 point !
i tintler thp high l,alt s-uprrier Corpor
ation nlse enjoyed n broader nnd
. stronger market advancing te 0. I'enn
Centiul Light preferred, was up a point
nt 50.
j Pennsylvania Itailread continued In
I rupply, indicating the bamc dribbling
pressure which caused a further frnc-
1 tin mi! shading te .'4. Wlillu Philadel
phia llai Id Transit vas fractionally
liter at I S. VO, the luuvy feeillnjc out i
, of the stock by banking Interests en Pn- i
, day last iippurently took all the tour- j
nge out of the newly funned peel, which '
started i it lut week w.tli Hinj toleri. I
I If is understood the sutin' bunking in
terests sti'l have 'ets inure of the "lock
te offer fur the account of n larue i
"holding:" utility corporation. On nera- I
lnitl irnusj i timis Phi a nj. ui i .i iiuii;
i lest a point te ."!. but I'nien TTU'.tien i
. iid 'i beltT nt IltlU- !
MONEY-LENDING RATES
NKAV lOIlH. Mniiey ' c.l'. iK.lh ilnrn-i
n! i il at-ril, i rnnt udn u' i for cunt for
li 1.1'iij u'i'1 rr.f'in.
I'll II.II.I.PHIA Cull r.H'Jil r-r -nt.
tirnu. 6- 4i " rr cen' ti.nimcrriiil patit
thri te Mx months. S' Wfl vi cent.
BANK CLEARINGS
I ar't
rs-iiei.'l'
n,i..i . .
N ViTl
lloBte'l
'd'-lrpH fid..'
K !' 'ast tw
111."
r,vrnt,rtr..d w.tr.
I'i.
IPl'i
ic,3 iiiiii.eiiii
JUS I ll '
lnl nun ihi jui :i-i iim 5.u :ike i.js i, .,
ju noe.oou 41 .-.se .-'i.-, bu.ii.-iii :n ',
.'(i,
Paris Bourse Active
Purls. fcc. .".- T-ading v.ns ui (neon
the IJeiirM.. tedu.i. Thie per cent rallies
.".' francs "( ' ntl"ies ; exchange mi
I.oi.den, ."." francH 17 centlim; .1 per
rent leitn, ' franc- 110 centluies, 'I he
'ellnr ni'S iuetei at 111 fram-H CO1'..
centimes.
10 in
niul
te
ItiI'.r,er are lu&kliiK iiruintii slilium n.
Meat Shipments Increase
(hliaxn. Inc. r Lust v.'ck'n hhli-n -rt
f cuid find fi'ih niAHts f ,un I'htin'c
, tl W 2.1.', uih) put ml iiKi'ln-t !lil iIIU.hme
the rrelius wU nnd r.4HJ0(hi eur
itrn I.ard rhlnniftits .vhp 12 'ia.I.ude ii,.iiinhi
siJ.ilnbt 0,437,fiOi) th irehu wwk. nnd
,"i"e,tjuii u r u(j. C'sm -d in,.u shit.
Tientr wer 12 HOI mips itiralnHt 11,771 the
previous vwk. and S3. 122 u cir am
RAILROAD EARNINGS
CANADIAN PAi-trir;
10'M InerM'H
lfi,.irth vet'.: Novem. . t4,890.0(u SI.POS.OQO
Decreas.
-lijiliii)
south
111
:i''.
Iji-iniiml
i'..1iIp
D,i ,i.i
!;!.t",
MHBIffi
Raw Sugar Market Steady -j , (Vntrnl Kiirepeim exclmngeh "ere, 0ut( epcnea jc te We higher with point rpaetlen followed around midday,
New Ymk t.h- . - t - ! r. ,.,:,,!; ted.n itrt Pillews: Liimntilau. off jn8 Hmaj urjj scattered cemnils- ilhc far months, however, holding steady
. continued m.,!y i.mI irni.' t: l it. --. . ti.,i,,ii, (1, : Serbian. 1.4IJ; ... .. .....i Some IieIiIsmi r,f fr.i, -..,.-.... :
i t unil tr-ll ' fe- i ' li n 1.1. t.li. ' ' ' ""h- '.. i,,,. .,,.. bln nsu" uu.uu. . - .-.... .."uuinin c-rm-
,', ?"i,!. fin'i sv r . ' . f r V, r! UI..K (,,.. S'em'u-im. I.''.i: 'll"-',Vh-"' 'rt dispened te pet out of that position
, r.. v.i- i niH . v,ri'i. i, iinurtim, ltlI ;;iiV, : ilieck. M'i ''V. ''-' i r-n-TTfiN MARKET and te take en cnrnmltmenlN jn Hep-
-ili
a-X.
NEW YORK STOCK EXCHANGE TRANSACTIONS
tetv.
lnl , Men
.. Ailams Express U
3 Advance Itumely pf. . .t74
.. AJax Ituhber 18ft
.. Alaska Ueld Mlncn... H
. . Ala!tn. Juneau O M. . M
7 Atl-Amerlcnn Cabled.. 1J
4 Allied Chem & Dye... 7J
7 Al led Chem & Dye pflOCH
1 . s"!alnieTti 3Hyi
7 Allls-Chnlmpni pf .... 87
.. Am AR-r'e Chem 31
.. Am Ucet Hutrar 3j;
4 Am U ahoe Pdy new. . SO
.. Am Can wt
.. Am Can pf eaji
12 Am Cnr& Pdy 140V4
. Am chlole a
.. Am Cotten Oil 3JIJ
.. Am Hide & Leather.. 13
.. Am Hide & Leather pf S714
' Am Jce 7X
- e Am Ice pr 73
.. Am Internat Cerp... 43J4
.. Am Ltnsced 81J5
0 Am Locemotlvo 101
7 Am Locemotlvo pf . . . . Ill
.. Am Malt A Grain.... !$
1:3(1
Lew
r. t.
0
y
18H
M
103
SUM
100j'
3Ji
87
31
2
SO
33
SHj
14914
8M
2314
1
ssj4
78
73
J4
83 Hi
98
111
1414
88
ey,
43
8S
as
814
33 4
73
133
99
SS
11SH
138
04 ij
80 Jn
11 Ja
4SW
4SM
8951
b7
3tH
2S
2K
10
94X
37 yt
21J,
A3
S8)i
91)4
4J4
J
0i
110,
V
10:,
' U
H"i
7014
64
34.'s
118
13yi
47
29
eiy,
34 U
J7
1 H
3 li
or,
13
7
18
2S
30
CO
53
33 'A
SO
13 H
27
48
20',4
C4H
3H
14J4
43 Vi
W
93 M
13Ji
47 yi
OS
80
IBS 1.4
3314
04 Vi
14N
714
18 H
.1li
Ml
Mi
18 Vi
1?
77
10 'K
17
00
841
2l,l
77 Yt
10
Vs
tiVA
30144-
3714
18 y. 4
H
94
103
seu
loe ji 4
7i
87
31 ..
K
33 K
14
"Byi-
8X
54
13
m-
78H-1-
73 ,.
43
8314
101 11114
J4
88
43 -
88 J
34l' ,
0314 f
.;
88y4
32y4-
Jim juiuiaier HH
Am Safety Ilarer
Hi
M
48 H
flfi
3,
B3H
H
H14
A
72
.. Am &hlp & Cem
.. Am Smelt
7 Am Smelt pf
3 Am .Steel Feundr'ea..
7 Am Steel Fdys pf....
. . Amer Sugar ,
. . Am Sugar Kef pf . . . ,
. . Am Sumatra
7 Am Sumatra Teb pf..
3
114
99J4
s
USJ4
13JH
H14
MK
47J4
lHl
I
54
-r 14
-
IHi
-n&
- 5 -
13 Am Tobacco 134
0 Am Tobacco pf new.. 90 J4
S Am Tel & Cable SS
9 Am Tel & Tel 113
12 Am Tobacco 13 120t,
7 Am Wfiterwke 7-0 pf. 0-iH
t Am woolen
. . Am 55lne Lead & Smlt
. . Anaconda Copper . . .
4 Asse Dry Cloeilii
0 Atch Tep & Santa Fe.
5 Atch Tep & S F pf . . .
.. Atlantic Fru.t
81 ,
47
m
00
87
00 -s-
87 ;-
I'A
33-4 J
34 -f
33
10 -
y4-r
53 4-
8714 -r
01 !4-
y
1U
eA
llI4-
lir
17
27U-13J4-7014-i
-f
64
J.
4 f
48 Jj 4
33 -83
-34t4v
5714-
All Oulf & W I S S
.1
All Oulf & W I S 8 pf 2;u
. . Atlantle Pet
. . Austin N chelas
10
OS 14
37 n
21J6
S3
w
eil2
i'A
7
Oii
7 3aldwln Ixicometlve. .
. . Ualtlmore & Ohie.. ..
.. Harnsdele Class D...
S Ucthlehem Stpt
3 Bethlehem Steel n....
7 nethlehem Steel 7..
. . Doeth Fisheries
. . 'Brklyn ltapld Transit
. . Brklyn It T ctfs of dep
10 uurne ures ,
. . Butte Copper &, Zinc
116 y,
l
.. uuuu c nupener top. i"s
.. liuttirlck 27ti
.. Cadde Central O 4 K. 12;
0 Ca.uernia l'ucklng .. 71
.. Callfern n Petroleum .46
2 Cal Zinc & Lend 0U
1 Calumet & Arizona... rfa
10 Canadian Peclftc ....1 8K
.. Carsen Hill Aiuing.. 12;
G fhandler Jloters 41J',
.. Central Leather 30
.. Centra Leather r?... 6Wi
.. CeiTO-de-Paece 31Vi
4 Chesapeake & Ohie... 6"Yt
. . Chi & t! III vl 10(4
. .. Chi & n 111 wl f 36 Yt
.. Chi & V 111 Fe T tfs. CVi
.. Chi & G 111 pf ctf... 0
.. Chi 4KT let as pd.. 12
.. Chicago & Gt West.. 7M
. . Chi A. Great West pf . . 1N'
. . Chi M Iwaukce & St V 33
. . Chi Mlt & St P pf 3lU
3 Chic & Northwest "0K
2 Chicago Pneu Teel .. B3
.. Cht HU Pac 33'j
7 Chi P. I & Pac 70e pf. 89
. Chile Copper 12 H
.. Ch no Cenr.r '-"'d
. CIcv Cln Chi & St L. . 4S
4 Coca-Cela 3SV,
..Colerado Fuel & Iren. 2"V4
0 Celum flna & Rlec. ... 04?i
.. Celum Ornphophene. . 4
. . Cel Ornphophene pf . . 10
1 Cemput Tab neon!s. 4214
.. Consel'daled tls Ins. ?i
7 Consolidated Oas .... 01 i
.. Consolidated Textiles. 13J
7 Cftnt nental Cnn 47'4
7 Continental Insurance C8
5 Cern Products lief . . . 90
7 Cern Products lief pf.l08J4
.60 Cosdep A Ce 33U
4 Crucible Steel 0ys
.. Cubnn-Am Suer .... 14' '
. . Cuban Cane SUfrar. . . 7U
.. Cuban Cane Sugar pf. 1H
4 Pavlsen Chern cat ... 32l!
0 Pel Lack & Western. ll"i
1 Deme Mines lfl'
. . Klk Hern Ceal IHW
.. r.r 12
n Vniticntt-.Toli'isen .... 77'i
7 ISidleott-Jehnson pf.,10"i
. . Krle 1st pf H
3 Famous Players I..... eO'
H FsmeuB Players L pf. Vi
4 Federal Mln & Smlt pf 3!j
H Fisher Bedy of O pf . . 77's
. Flsk P.uhber 1"
. . Gasten Wma & W'jr. . '
i Ocn Am Tank Car.... SS'i
.. CScnerat Asphalt ISO 14
0 General Cigar "8;a
H General Wectrlc 143K
1 General Meters Uli
fl Gen Meters deb f.'ti.. 3i
7 Gen Meters del) 7.. 82
. Goedrich 11 F 4
Granby Consel M & M 27 'i
7 Great Northern pf . . . 77U
4 Great North Ore ctfs. 33 '-i
.. GuanUname Sugar .. 7H
.. Gulf Mob'le & Ner... U
.. Oulf State Steel 4
t Haskell & Barker Car HIT
. . Hemestnke Mining- . . 3S
. . Housten Oil 81
1 Hupp Motorcar 12ls
.. lnitlnhema Hef 4
.. Inspiration Cen Cep.. SS'i
.. Interb Cen Cerp 1 Ji
. . Interb Cen Cerp rf . . . 4$
. . Internal Agr'cu! ... 0
. . Int Agrlcul Cerp pf . . . 3JT,
.. International Cement. '47 'j
; Int Harvester new... 8Jv;
.. Int M"r Martin . . 12
il Int Mfr Marine pf 0N
.. Jnternat Motertruo., 211
. Internat enul N'lckel.. 113
mtetnutlenal Paper .. -J'-li
U Inter Paper pf stpd. .. .
lnv nclhle Oil Cerp... 13
Island OH ,?,,
. Jewel Tea U
ICansae city Southern 41',
Kansas & Guif y '
' 4 Kelly-SprlnBtlcld Tire 11'S
S Kellj-Spt? Tire 8", pf 00
1014-r
30J4 -r
0J4
OH
1
- J4
7H
18 -
23
38J4
80 S3
38K
89 J-
K
27
48 -
ns?.l
25 14
04-
3J.4-
1314-1-
43 H-
-
03 1,
13HJ-
47V4 47V4
es 8',4X
108 ia-;-
33V4
ess h
U'A'r
714
105. f
S3
19 A
1814
13
77 -
10M-4
17V
H4-r
84 'A
1814 r
y
yS
00W
8J4
143
"li
4
34 -'4714
7K-
3SV4
fl'4
40 -81J4
S3
81
12 f
37M
9 rrn-
27 y, -
esri
143
10Ji
73
8214
33
27K
78J4
33
7
814
49
81
39
78'a
ins
414
37 U
1
4i
9
37 r.
27Vi
82
14 H
05
W
u
1H
73
17K
2Js
111
24 V,
7?s
42 Ji
00
8S
is V4
3S
"-
32 -73
-
h-
3 .
U'-
2414
814
43 1-
80
FOREIGN EXCHANGE
New Yerk, Ppc fi.-The foreign ex
dun market today opened Irregular.
Sterling hhewed lie deelli.e. lire were
GRAIN MARKET
( hlcage, Dec. B. Wheat started Oic
.0 .ic higher for December, and c te
.. 1. 1 , em. iinffFred futures, with
.. .. ni,mts. Swiss down 1 and niuri.i
. , . . 1 il.. t nneb were tin
points lower, tvlille t nm t win. ui
.. and guilders III points. ei.uii.ii-
nuMiins were unchanged.
.M.eind iiil.blii. the market was wry
,,ill but the piincipnl enchauges showed
try romniliislen neiiseB soie. " ii
murket was firm with offerings light.
Ulg buying by Jnpanep nttraetliut
Increased attention and le likely te
have inlluence with the trade.
r.-., ..f,i..t.l neehaiicnl te vac lower.
.-.tirling elides were
11 .'elllll' tOI .
1 De 1 . demand
.1 (i-.l . francs were bid
1, lieillilliu .'" . - -; - ',,
lilllltctl lien lllg- 10 !' .."-
1 .IS for eieei.-,
the lecei'.t high
or reasenauiy t-jimii
Trade with light,
.grrir.n, .i-a. - . " .""
I. Ire cables were ,
l "v . ii-ckH. .- V" . niii'i'i .' ' nedin- fop elevator llliercMB.
,.., i 1(,.t opening lemij mi- '"- : --"
Tie nniniiiiii "i N" Yerk fund- in ; featureless with iirlce 5 te 11 points
M.,itift.HliivM.ii.leil te S' l.ereint. et higher. Early Inllucnces included
ThVvtii III funds in New Yerk were Ueady chips and n llrm s eck iMrtrt
"". . '., .. un ,i .i ...w.iitii f..i , Bmnnil from i nil Htrwt and
iinner at .-' i . V, " Ml. ':. ,
Ami' i lean
r.vi ii.iiie- i . I.... ruiiiii iiiiini-
lenfi; I nigu.iy.
j .fit); Argentine,
nnd Liverpool.
easier nud reacted aoeui ii pmrns irmn
1,(. Inn
- jii.
SATI-ltHAV f KINAI. Ql'"TATK"a
hterllnit 1'ri.tira l.lr. (lullde
",U ,"'"
I !" I ''. ! V.',,
. 4 n..' 7 JH'i 1 4,i4
.1.1. HI
.15.70
Dirmlr
January
i.inAY-H OPIJMNO fjtJiiTATIONS
i.lUtch ..
hterltr.ir Krncs i.irn uunueis .May
j ei 7.M'j 4.A1I4 rf&.7y'juijr
' 4.0Su 7 34 4 2H 8STS OtteHr
V-..'-
lM.li ViflH
Net
Chre.
Cl in I Llh
a Kennecett Copper .. 9SM
400 , . Keyitene T A It 19
?? 0 Kre 8 fi 174
0 .. Lackawanna Steel ... 48 H
100 s Lee nubber Tire 33 M
Lew
a4
W
is8
tit
88
IS
14)4
98
1S854
1(54
St
80
33
38
Ul(
1)4
8)4
99)4
JHH
28
")
i
X
su a.oe ieninn vaiiey as
ova
100
3000
100
100
700
1S0O
100
100
1100
190
790
309
190
100
100
100
8790
100
5490
8900
101
100
890
1300
819
304
300
409
300
700
100
1910
100
'400
100
100
100
100
700
100
13 Liggett Ac Myers 1(8
7 Llg-gett A Myers pf . . . 110
. Lima Locomotive . . , 99
. . Lima Locomotive pf , . OS
.. Leewe Ce ., ... 14J4
.. Loeee-WIlcs Biscuit .. 41
19 Lerlllard Tobacco ....1SSH
.. Malllnsen ft Ce lSyi
7 Malllnsen A Ce pf . . . . ft
.. ManMI Surr 39tf
..
I
1
M
..
W
14
..
H
a
1M
7 munnaiiiui ijev ffuar.
. . M.th Alkali
.. Marlln Oil
.. Max Moter Class B.,
.. Maxwell Moter ctfs..
. . Max Moter 3d pf ctfs.
8 May Dept Stores
3314
1114
1)4
811
16
H
IS
14
14
"h
t
14
H
U4
OH
is Mexican Petroleum . .1184
8 M ami Copper 29
.10 Middle State Cerp. . ,1S(4
.. Mldvale Steel 3S4
.. iuinn a at Leuis 0
K
7 Minn St P & S St Me,
.. Me Kansas A Texas..
. . Me Kan A Tex pf . . . .
.. Me Kan & Texas wl.
. Me Kan & T"x pf wi,
.. MTweurl Padfle
. . Missouri Paclfle pf . . .
.. Mentana Power ...
.. Montgomery Ward ..
. . National Acme
1H
314
U
SJ4
18J4
H
St
is 4
3
t)i
2854
la J4
H
st
IS
13)4
134
38
IK
K
80Ji
14
0054
00(i
78 54
33yi
13ft
14
1054
OSH
4454
49K
81)4
8)4
1454
118
i
stu
8
64
13
iS
3054
4SW
13J4
14)4
34
10J4
84 M
33
84
31)4
1454
33
13
70
8154
37
80
IS
8
SS
100)4
39H
80J4
tl)4
31
1454
73 n
48
3454
S4J4
93
0
4754
33
8754
33
10)4
tS4
49i
S1H
33
33 Ji
8O54
36
10 ;
47 ji
i)4
187
11354
3854
88)(
ftiM
77
?
10
4314
34
2454
28 's
SOJi
1154
7114
18M
138 55
7354
OS
103
33
70 54
134
S3
17K
37
88 !4
81
98
8351
114)4
6954
SK
3354
3954
71
7Ji
7
4154
18)4
88
SJi
19
91
4954
t4 54
39
18 fj
1'4-X
Si
2754
80
13354
43?i
8
Kl
f V.l HH.I YIIB....I. .
f Al.ll.UII.VI UWUUK , I I I, 1
.. rta. meax & HUlt.... S.H
.. National Cen. A Cable
0 Nat Knam A Stamp..
6 National Lead
. . Nev con Copper
8 N O Tex A Mex
..NTAIr Brake
7t
4314
89J4
14
805A
01?4
73)4
33J4
13
1414
leji
09
4
4014
0 New Yerk Central...
100 2,00 New Yerk Deck.
2S0O
New Yerk N II A It..
N Y Shipbuilding
Norfolk & Southern..
Norfolk & Western...
North American ctfri.
Ne American pf ctfe.
200
100
300
8300
SOO
2800
100
100
390
1000
100
100
400
209
800
4309
400
200
100
1100
800
100
3500
100
8000
8800
800
3300
400
4700
1100
200
300
900
3109
usa
1200
9000
11110
Northern Paclfle
83
Okla Prea A Rcf iy.
Orpheum Circuit
H
Ofn Elevator 118
.. Otis Steel 10(4
0 Otis Steel pf 89H
. . Paolfle Devel Cerp. . . 8
. . Paclfle Oas & Klec. . . . 04J4
. . Paolfle Mall 13
.. Pacific Oil 4 J ft
fl PAn-Amer Petrel .... S3
0 Pn-Amer B 47
.. Panhandle 18
.. Parish A Bingham... UV,
3 Pennsylvania II U.... 34J4
.. Penn Seaboard Steel.. 10H
.. Pceplas Gas Colcage. Sty,
. . Pere Marquette 33
14
"u
H
1
'
"
14
H
li
i
IK
S PU'ladelphla Ce 84
. . Phillips Pet .
. . Plcrce-Arrew
. . Plcrce-Arrew
. . Pierce Oil
89 54
Moter. ,
Met pf,
isn
3454
is-.;
70V4
88 $4
37
80
is
0
30 i
110
30 H
37
03J5
31
1434
78 H
48
2654
8 Pierce Oil pf
6 Pitta Ceal
. . Pitts A Wet Va
tt Pitts A West Va pf..
. . Pend Creek Ceal
. . Pressed Sttel Car....
. . Pre'ucera A P-ef
8 Pullman
. . Punta Alegra Sugar. .
3 Pure Oil
8 Railway Steel Spring;.
!4
Si
100 8.41 Rand Mines
SOO
Ray Cen Copper.
1300
200
2S00
S800
100
100
4 Heading
2 Reading 2d pf. ..
. . Replogle Steel . . .
!i
14
Si
"?;
"'4
'A
A
Vi
54
Wi
54
1
1
Republic Iren A Steel,
m
7 Rcpub Iren A Steel pf 03
Republle Meters
e
800 s.se Royal Dutch Amer.
48)4
28
37 yi
33
18)4
3J4
4M
8
28
100
100
St Leuis San Fran..
- St Leu's San Fran pf
.. St Leuis A S W It R.
. . Savage Arms
.. Seaboard Air Line...
. . Seaboard Air Line pf
. . Sears-Roebuck
. . Seneca Cep Cerp. . . .
.. Snelalr Oil
100
100
00
200
3300
300
3100
3100
100
ZOO
800
SOO
1800
700
300
100
1700
S480O
1100
1000
3700
81"0
J0I
33
8 Southern Paclfle 80J6
14
h
'A
li
..
Ti
Ji
A
-M
. . he rorte moo sugar. . 88
.. Southern Rail 10 f
.. Southern Railway pf. 48
4 Standard Oil of Calif. 91J4
0 Standard Oil of N J..189N
7 Stand Oil of N J pf . . . lis H
B Stewart Warner Speed 3814
7 Stem Bres pf S8f,
.. Stromberg Carb 33)4
7 StudebnkPr 79
X Submarine Beat Cerp. 3J4
.. Tenn Cep & Chem.... 1054
3 Texas Ce 4 t
2. BO Texas G Sul ,-4'4
.. Texas & Paclfle 31
1 Texas A Pae C A O.. 28tj
6 Tobacco Products .... S8?
.. Transcen Oil 13;
8 Union Bag A Paper.. 78)4
. . Union OH 154
10 Union Pacific 130 54
1 Union Paclfle pf 7254
. Tin'en Tank Car 98
. . Union Tank Car pf . . , 103
. . United Alley Stx:l. . . . 33
. . United Drug 7054
8 United Fruit 12154
0 United Retail Stores.. S3
. USCIPt Fdy IS
..US Ind Alcohol 87W
..US Realty A Imp... S8H
..Us Rubber 83 M
9 V B Rubber 1st pf. .. 88I4
8 U S Steel 8iy,
7 U S Steel pf 11454
43'I0
4100
28100
800
SOO
300
200
100
100
100
20(1
300
2300
800
1400
100
12800
200
800
1300
200
100
1330
300
100
300
900
300
1000
830
200
20U
8 04
1100
100
1S00
400
300
1X00
SOO
son
200
400
"V
4
54
54
1
1
Ti
'il4
14
W
14
n
'VA
M
Si
H
"
"ji
li
3 utan uepper 00
.. Utah Sec
H
. . Vanadium Cerp
.. V-Car Chetn'eal
. . Va-Car Chemical pf . .
. . Vlvadeu Ine
. . Wabash ,
. . Wabash pf A
. . Wabash pf B
80 Wells Farge Kiprees.
. . Western Maryland . . .
. . Western Pacific
7 Western Un'en Tel...
4 Weatlngheuse K A M.
.. Wheeling A L 13 pf.. .
4 White Moter
33
30 V,
71
VA
7
XH4
1814
09 4
7i
10
l!'s
M
4 !4
40
2M
V2
.. White Oil Cerp.
lM
. . Wick Spenc Steel Cerp 13
. . w uys-uveriand
. . Wlllys-Overhutd pf .
6 Wilsen A Ce
8 Woolworth r V....
4 Worthlngten Pump. .
. :
. 21
30J,;
.13454
. 44
. t
109
18 wngnt Aero
Ex-fllvliJenJ.
Commodity Markets
NEW YORK COFFEE MARKET
New Verlt, Dpc. 5. The local coffee
futures market opened Arm nntl .'I te 3
points higher, trading having been
stimulated by the special cables report.
Ing nie 100 te COO reis higher and Ban-
sratteretl buvlng and nbnet of lm- j tes Mi te J.0 rela nbeve the early quo que quo
pertant selling. On the upturn, count-, tntlens. Brazilian advices have said
. a 1.1 frk nn.,l.
that the government wati
ceffee and this view has
ened bv reports that
talned another lean of
After the early
with soiling by brokers
orders, the demand ceased
- ;.. i- ,m.l n.H.er
I'rsv.
Dccmbr
March . .
May
Jul . . .
;:;, nllP.l bv the Seuth
DIVIDENDS
-..r,-.-- . ... .
Later the list became
cent en common, payabls
muiur te fiBE-i i.uivuiat un.
Prsvleus
Cless Open
11.10
A. M.
vii.ii utAniDt
Il If Vnn.u . fin.. Ailirt.,1. ti --
firred,' payable January 1
Dtcembsr 20.
17, na i i.eii'a hi
17.n 17.47
17.87 17.17
11.10 17.17
1.(U 18.78
IS. US 10 0
17 2li
5I-2S i BAR SILVER
14,60 nsr stlr was 4d lorer
t 5S',I .J-
LitV4
ziw. r-
... , ift jrt. .rt
4mtei W
Kf
fei) fork Curb
lHOtJStKIAM
ArMA P-timi In
1:30 Nel
P. M. Ch(re.
SH yi
it 14
171 3
47- )4
38M )4
67)4- H
188
lit
99 14
OS 3
14)4
41 S54
1S1 3
1SJ4 .
St 4
ttK 1J4
as
3354 1)4
38
Lew
l?l
114
00
r.r.
30
lU
20
1
7
Acme rseklrue cti
tlrltlnh Amur Tnli roue ... 11
8 it Crushed Fruit
r tJsht
vnri-nin lire ..
ceuuieia co pfd
Curtis Aero ,,,
Iiurint Mtrs
Olan Alhn ril
Ooedjrecr Tire
Goodyear Tire pfil
rifunt Mntni
lunette B It J;r
jit. . .... ....----..
Oeerxes Clethes U
lil'S
no
e
r
8.1
8
iiarana ted
Havana Teb pfd ....
Imperial folacce ...
Inter Rubber
Meby McNeill
locemobile
Manhattan Trnrin ..
National L-sther ...
i-arsenn Aute ,
Paekard Moter
CO.
11)4 54
rerjtcien Tire
Kadle Cem rfd
off
:::::::::: ifr
l!i-
3)4
9054
113)4
38
is 54-
73)4
w
iirumir riunts .
Sweets Ce .....
V il Ulstrlrmtlns
2Tll
20
1)4
1)4
i; ij it u jt
t
8
14
u H
hip Cerp
V H Rtesm
unit
nlted Profit Hlmrlnir
M
Di
54
54
lljtlted Het Candy ...
Wst XZnA rtifttn
Willys Cem
8
BTANDAItD Oltl
1J4-
1 -em
3854
St -IS
-
13)4-
136 5i
38
1K
4354 8th
14
ea)4
ei
76)4
14 .;.
1254
09
44J4
40T4
81)4-
9)4
14N
118
0J4-30K-
8 -84
-13
-
S3
47
18
14)4
34i -1
73
84
)i
la
34 -;-1354-
70
68
37
89
1SH
09
28
10054 ,
30H
37 -98
31 -
14J4-
73H-
48 -
354
6S
b3
6
48y,
33V
87)4 ,
33 -
154
8,54-
87 i
28 -33
8954-
38
1954
48
l!i-
Ansln
Am
OH 81 "4
2114
10? M
Atlant
la Ibes
I.
mpsrlal oil Can
.110
FB.,
. 8t4
H Oil of In? ....
fi
H
M
H
)4
H
H
1NPKPJWD7WT OILS
Atlantle Pet .jtt
4'4
Arxantas Natural ns . .. i in
lloene Oil 2B
Uosten IVyemlns l
Calb Hyn ..JW
Cities hsrvlce (old) 210,,
C'lles Servlce "U" ctfs . . 244
Hesden A Ce 4;i
uahinir Pete 0
11
20
8.1
n
'la
tt
usnny en i1'
10
'h
02
12
10
17',
ilk,aln PUT 7.l
:nalhsrs Petrel " .
dtraf Oil 1A
)
54
Vi
H
54
V4
)i
54
H
54
K
")i
")4
54
54
l"
H
l
54
Si
Si
54
54
)i
1
54
Vi
1H
1H
K
1
H
Vi
'h
)4
at.
54
H
14
3
Ollllland Oil 'A
tuenroeu ou ,n
Hudsen Oil J2 ,
Int TMrel 17V
Kay County O .v
1H
Keyatena lianisr e'i
Livlnsslnn Pet .Ill
t.vena Pst 71
7ll'-4 7?
711 78
MU 20H
10Vi low
1.1 IS
17 17
i!ft h
ir. irt
87 S7
00 00
11 ft
iii i:y.
ml r.:i
a n
70 70
nil 14H
71 71 ,
21i 2
2 2rt
bO 0
m i
.JA
B S.I
82 r.2
SO 80
20 20
2U 2
e n
ia lit
02 02
r.H n
10 id
20 30
RH OS
69 02
-1 1A
70 70
2 2H
itaraealbe Oil 28H
lsrrltt Oil lfl
Msrldan Pet ,
.. in
Krx llul)
Mex Pan ,
Mexico OH
Mountain Products
Nebis
, . 17
.. 3
::i.H
,. 10
,. 87
.. co
,. 0
.. 12H
..
,. 3
,. 7.1
,. 14t
.. i A
,. aw
.. 71
Omar Oil
rnuiDa ret
llvsn Conn
Slmnia rt
Hkelly Oil ,
Texas Ilancer
Teton
Tidal Osare
victeria en ne . .
Wilcox Oil
Y Oil
southern ran 0i
MININO
Alaska- Brit Celum new.. 2,4
Una Ix'itsr 30
Dotten & Mentana bi
Tepper Canyon 1H
Cens Cep M .1 1
Cortex Oliver 8.1
Crystal Cep 85
Kursks, Croesus H2
Hard Shll ae
Ilarmlll Divide ai ,
Howe Hound 2'i
Knox Divide 7
McNsmura 1.
Mether Lede clt fi
National Tin 09
Nlplsalna- OU
Ohie Copper 10
Hechester filher i'O
He Am P tt O 0ft
Tonopah Divide 02
Tennnah Extension 1 .V
Tuolumne 70
united Eastern -
DONDS
Allied Packer 0a ctt
4n
40
102
Aluminum 7s, 1038.
..102U
..10014
..101
..100H
.. Hills
.. 07
..103
..ma's
..102'4
.. 70
..100H
..100i
..let
..loot.
..loei;
.. 47
. lenv
..1U2S
Amer Teb 7s. wit.
Am Teb 7s. 11123..
101)
101'
Atner Tel lis 1P22..
Amer Tel 0s. 1U24..
iiiuji
00!s
T
101
108i
B024
70
100JI
lOO'i
loeji
1004
lOOVi
40
ioe v,
102?i
103
ion;
1"14
1041
07W
07
10.1
lna'J
1014
7J
P74
00'4
P0W
08
071i
07
en
env
ioe
103
mi
101V4
102'J
vu;
101
10,1
10HW
Anaconda en
Anaconda 7s. 1023.
Anxle-Amer Oil
7V4.
Armour ?s
Ueaver Heard fis . . . .
Dcth Slcel 7s, 102'2..
U.th B(el 7s. 1023..
Uelli Stsel 7a 1U80.
Can l'aclfla 0s
Cent fittel 7s
St
n
''A
Si
54
!i
Di
Vi
14
14
Cel Qraph 8s
unns uas s
Cens tins Ilalte 7s .
Cuban Tel 7"j
1P3'
CeDPtr Expert ss.
1023.1P1I4
CeDner Kxmirt Ss.
1024.. lll.ti
gepper Expert Hs, 1025
flern a Ce 7t4a ....
.1
at
Goedrich Tire 7b 00
rinif en 7s tes
flslnn Ce 7s W
Humble Oil 7 10U
interbore bs la
Laclede Oas 7s 07
Llbby McNnlll 7s 100
Manitoba Pewrdsr 7 U0H
Nat Cleak Ss US
Nat leather a P7U
N Y N II a II 4s f.7
Vi
2H
54
Vi
2)4
1?
1ST54
U3 2354-88-3354
7HJ4
10
45s
.1154 I
B4K 39
6854
13 7154
10i
12854
7254
00 -
108 -23
7054-
184 Vi
sa 17W
37 H
6854-
S3H
M54
84M
114)4
80
H
35 -
9954
71
7)4-
9154-
135,
C9!i-f.
H Ji
lt 91 -49
S4
14 !4
40 13 -13fn-
S4 r
47)4
3054
123 Jt -44
-
9
Oils Hteel S CO
Phi la Ce 0s Ulj ft
I'lillH Kine tls KHIV,
Philippine 0'is 10r.
J'orte llire is t"i
l'hllllps l'st 7H li2
bhawrhsen 7s lOK'ji
Bouthern Ily 0s PH1
Suuthwest llell 7 101
Stand Oil M T 7s. 1920.. 1U5
Htunil Oil N Y 7v, 11131.. 108Vi
Ktand Oil N Y OS s 111.14
Pwlft A Ce 7s. 12S lOU'i
1Q.-5
ioe
102
Htrlft Ce 7a. 1S31 102Vi
54
5
1)4
Tel Kdlsen 7s 1U4I4
101V4
118
107
104
97
100
lOO'i
4
United Oil Pred 0s linn
Vacuum 7s 107
Western Klectric 7s ....101
Wilsen & Ce 7Wa 07
Argentine 7s ioe
HI'i Ornnds 8s HmTs
Htls bVi ViK
Philadelphia Stocks
1 13 Net
High I.eiv 1'. M U,.
10 AraSteics
1st i)ref..l0.na 103V, 1051 i 'i
400 AmS&O C 04 O'fi-f- 'la
7 Am GrtH.. -17 47 47 2
82I!tiff&B te 09 00 01) 1
250 Drill J O.. 40 118 40 4
WH1 Klec SterllOVj 117Vj 111)1,04-1
175 Gen Asph. Oft 0T, (T-- ',
no ueiirci. .iu iu ie
'4
'
Si
54
y
'h
12
Vi
1
4
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l
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t.
2-'it I Ce A HIVj
25tlnt Mar pf 05V4
5(H) Lake Sup. C")
lift) Lch Vel... Tu'is
2(KUMlilvnle. . 20i
300Oklu 1'red !1
215 1'enn Cent
Light pf. 50
821 I'unim It 1134",
II) IMill Inn W CO
:u
3P2
'1
no
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00
5i's
2S'.
34
50
15 lliilrt Ce
ctini pr. . hia
I'hlla lClec 14
"Vi
37
21
87
18
50
77
28
1
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12
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84
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1
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1
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tit "'
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8
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340 I'hllft It T 18
10 rhllft Trite 50
25tHtutlebskr 77
CQOtTexus I'ne
C & O.. 28
25Tone llel. ,U
470Tone Mln. 1
200t'Trnns Oil. 12
40 Un True. . 30V4
501 V G I-.. 41
010 tle jircf.. 51
100 1U S Mteel. 84
lOOtU S Rub. B2
CO War I &. 8
tS'et chanirs maile by eoniparlsen tilth
ale an New Yerk Stock HKclmiiifO.
1'IIUVDKMIIIA nOMS
10000
17800
15000
5531500
5000
1000
1000
1000
1000
15000
Liberty 4tli 4Hs '38.... D7.01
Liberty 4th 4Vifi '23. .!els OS. HO
Liberty 4th 4,h '38 US 0t
Victory 4V,h ,l3....1elK.100.00
Atner Gits & Klectric us. 81
I'eniiH.vlvenla fls Kill
I'hlln Ce cenn 5h 8P.'.
Phila Klectric 0i IOO-vT
njaln buying
been strength
Rraiil bes ob
10,000,000.
flurry of buying
and a 2 te 1
I'hlln Klectric (Is
I'litia ijiectric Us
,10tH
GOVERNORS AT CHARLESTON
i
Welcomed by Seuth Carolina Exec
utive as Conference Opens
Charleston, S. C, Div. 5. fltv A.
P.) Governer Cooper, of Reutli ('aro ('are
lina, wolcemetl the visiting Governer"
nt the openlnr; meeting today of the
tliirtticiith annual Governors' confer
ence. Net all the twenty. two Governors
who nnnetinepil their intention of at
tneilliiR Inn arrived, hut men of them
were fxpet-teil by tetiluht when Hie
first biikincHH hcnpIeii will be held
The GnvernerB will leavi. Wcliiniilfiv I
night for WaMiInBten, where tlicv will
he received jit the White Iloime Tliura
dsy by President rinrtltnff.
Clese
Open
K.0OH03
O.ClO.I'.i
H.48M4I
N nsiCiJO
8 4840
S 40W42
H.44145
H.47VBO
DECLARED
tlscemlMr 20 te
iiiiirrAeiii .
te eteck'bf record
In t.e.-rlsn tedsi
tnfA-
-' 1 1
Investment Offerings
im?
eH
2&
in
$100,000 LINCOLN JOINT STOCK
LAND DANK, OF LINCOLN,
,NCBRASKA, Farm Lean
' Bend. M. & N. ;
... . .-.in... - .1.. V1hllJ
'insirunieniiiiiiiiii m " .,-.""",
rttntrs (lereniment." nndmKternpt N
rreni All Federal. State, Munlelpul
mid Lecal Tnxntlen.
50,000 PITTS., CINC CHICAGO &
ST. LOUIS RY. General
Mortgage. J. & D Ss 1070
12,000 SCHUYLKILL RIVER EAST
SIDE RAILROAD FJr.t
Mortgage Gtd. J. & D 4 1925
25,000 WESTERN NEW YORK &
n ii
2.
1ft
13H
,0O
0
r
se
n
co
2AW
?
2
t
! '.'
PENN5Tl.VArilA li. uen
A. & 0 4'.
oral Mortgage.
Fre Frem Pennsylvania Personal Property Tax
ISAAC STARR, JR., & CO.
Members Philadelphia Stock Exchange
Philadelphia
Specialist in
UNITED STATES GOVERNMENT SECURITIES
31H
u
innU
80
8sM
1
20
8.1
r.
218
45,
n
10
.
1"
We Ofer, Subject te Sale
$160,000
PennsylvaniaR. R. Equipment Trust
6 Geld Certificates
Issued under the Philadelphia Plan, guaranteed uncon
ditionally, Principal and Dividend, by the Pennsylvania
Railroad Company by endorsement en each Certificate.
Price te Yield 5.80
$20,000 due each year, January IS,
1928 te 1935 inclusive
Moere, Leenard & Lynch
111 Broadway, N. Y.
ie;
17
fit
WE TAKE PLEASURE IN ANNOUNCING THAT
F. Walter Hentz and Rebert J. Campbell
ARE NOW ASSOCIATED WITH U6 IN OUR
DOND DEPARTMENT
Mackie. Creuse Ce.
Real Estate Trust Building
Philadelphia, Pa.
40
102i
10U
1014
11104
0T
07
101JJ
103H
1025
7tl
10OS
100.
1004
10114
ioe.
47
lOOvi
102
in.it
101i
10,1
1044
f.7H
U7s
10.1
urn;
1004
"3
1174
100
004
OH
ll-'i
074
00
or. 't
100j
10.1
en
11114
1021
vow
101
100
108V4
ter.
1004
1024
10414
ii.irt
107
101
07
ion
Brazilian
Government
Sterling Issues
4s, 18891910
4) 5s, 1S83 1888
5s, 1895190319081913
Railway Rccissien 4s, 1900
Gassel, Huhes & Ge.
Members N. Y. Stock Exchange
60 Broadway New Yerk
Telephone Hauling Green 59G3
IHO
New Orleans and Nertheaitern
Imp. 4V, 19S2
Te yield 5.50
N. Y., Chie. & St. L.
Ci 1931
(Free of Pennn. Htnte Tat)
Te yield 6.35
California & Arizona
(Atcbiien Syitcm)
lit 4,i, 1952
Te yield 5.30
WlDCNIR BlDO, PHIlADtLPrllA
MmiimPUaiiMJaami
AitaXShdinAuj
tiy tesk iuiautm. hj.
4-a
'i
- ',.1
; i
.i
.
Beles .s-Westvoed
Members Phila. lock. Exchand'j
INVESTMENT
SECURITIES
last
LandTiTle Bld... Philadelphia
PHCNE LOCUST 4721
Kill'.
W'n Offer
il in r.r
Standard Gas & Elec. Ce.
Secured 7 Va',' Bends
Due 1941
Al 100 and Interest
i"
H I
Samuel McCreery & Ce.
JUmUiji !((. i-tutA. Lxrhan'je
lranklin Hank Ihiilding
j BROOKE, STOKES & CO.
I HO H. Fifteenth St.
. l'lillatlclphiii
Wiibhinztnii
IJaltimeri!
l
tm:
WMmmMSaW
i Tim " mil
r 1 tesk imwm, m-i. f2
nmga-wT-?'vv",nvmmft I
' lll
III
i " "' "'' - -
1
1
II
-Ji
Due frit vil4
B's -1941 100 5.00
32 B.B0
95 ,5.60
1943 G8 0.00
J
De you knew hew
te invest for profit?
INVESTING for Income
and investing for profit ate
two entirely different proposi preposi
tion)), The first Is compara
tively easy; the latter requires
a knowledge of the many fac
tors that govern price fluctua
tions. "Scientific
Investing &.Trading"
is a ncwly-publlshetl 96-page
book that contains a cemplete
chapter devoted le the proved
mothedsof Investing (or profit.
It suggests hew te distinguish
and act upon the economic
situations that nffuct the mar
ket value of stocks.
fill.', trlephone or uritr t r vjr
; " cupj of booklet . -15.
Wm. H. McKenna & Ce.
221 S. 15th. St.
PHILADELPHIA, PA.
New Yerk Chksie
PsterieD rittiburth
MORTGAGE BONDS
MUNICIPAL ISSUES
SHORT TERM AND
EQUIPMENT NOTES
Our business, predicate! upon honor
able er ce le timtumrrs old niul n'.
in Inrurly renflnril le til ex rliisslflra rliisslflra
Hen,, of huunil InieHlmrnt. ivllh ron ren
llniinl .iierliillrtitlen In the llelil of
nmUrllnir railroad securities. 1'lniie
ile net lenfur us wltlt uny orgunlss ergunlss orgunlss
tlen ii T it slinllur name, w'th hltb
hnie jm tunnrcllun whateTer.
SPECIAL OFFERING
Illinois Central Weilern Linn
lit Mtfs. 4i, due 1951
Te Yield 5.20"c Rated AAA
FLANetss suiuome
13TH AND WALNUT-6TT1EET9
IptnlnbeivU
no.
Georgia Ry. & Power Ce.
We have urdcra in
Int Preferred Steclc
2d Preferred Stock
and Common Stock
Reed A. Morgan & Ce.
IPcit Fmi Trvi.i llli'p . l'hila
M l.blu of J.. 1-1, u htj 1( Klv1!
-rllMitc .V.lillruniliuli KiIIhu.n lit Is ie'
Ulniuilnwi (rnlrul HnlI'Mtr 1st I'i H"f
lltilint.k &, M.ilune lt.lh.il 1st 4's IWJ
l-flikh ti Nt" l.ncluul Itillna.T IM ,".' Jtl)
Mulille & lllilu ttj . (ienrrul . 4's IHi
I'l'iiiisjrliiinli It. It. i:.iiln. . lOH-WJ
T.rle llnjlreid uiiiimn) l.iuilp, tl's lll2S-lt-
Mrulnaii ICilhuul ( ii, Dniiln. U's III.'M;
St. (Inlr 'uiiiit l.iir .'. Klectric B's lJ
tumliiril li.is I'.lirlrlr Cumuitiiy. .!' '';
Alrtre.iblltun IJlUeu Cimiip inj A's llt
ilNhlkslpii! 1 ilk-j- tint Klrctrlr. .S's IK
I'lnlnu Akren K.illuity ('empiinj- .1's IU
'tillril (Ii'n i l.lettrle 1'i.rp. l.'s IHJ1
' itnie 4. HurreuittiN ('eiupiiiiv tl's I05e
i.l-j.lia itcil Trillion nf N. J. B's l
mil 03 I'nlnii Tr irt en I'etupi'riT It's 19 j
Iniliils., i-r.itvfurilhi II . IMutllle B'h iwj
liiilliiiit.in'ls 1Vit.-r INerks hrciir. fi's W)
1,'kr Mipirler Cnn nr illnu lfl B's II"
Iiriit'iil.)' A West llrHnli I'ii-ht fimi Wk,
SAMUEL K. PHILLIPS & CO.
MrntUrs I'll 1 1 iileplil i stork r.srbasw
.107 ClllC-rM r STIIKIT
J
Ji