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GUARDING THE INDIVIDUAL
CUSTOMERS' ACCOUNTS AT
THE CORN EXCHANGE
Our modern system of bank administra
tion provides two separate forces of book
keepers. One at day that pests- en card
ledgers and a second force that comes at
night, handling the work in a separate
department, posting from original checks
-deposit slips, etc., en statements that are
mailed monthly te our customers.
These statements are compared each
day with the ledger cards, se all transac
tions are thus double checked.
Such systems may be of interest te only
a few, but they, give some general idea of
the careful work at the
Cern Exchange National Bank
Chestnut St. at Second Philadelphia
igimj 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ijii 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 iiii 1 1 1 1 1 1 1 1 1 ii 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ii 1 1 1 n i n n ii 1 1 1 1 imiiiiiii7
GOSSIP OF
THE STREET
NEW YORK CURB MARKET
r
U
A tremendous and
genuine service'
What great economic needs does the
New Yerk Curb Market meet?
It provides :
A market ter securities of such industrial,
metal, oil, public utility or ether cor
porations as arc eligible for listing under
the strict requirements of the Exchange.
A temporary market fer'thc preliminary
issue of securities of well-known, estab
lished companies which are being re
organized or are issuing additional stock.
A market for issues in the formative
period of their corporate existence.
And Jenes &. Baker, nearly 4Qce of whose new
cmtemeis arc introduced by old customers, are
one of the leading factors in this great market.
They have developed service facilities which make
them the natural" information headquarters" for the
tocks traded en the New Yerk Curb Market.
An interesting booklet en
this market and its develop
ment wMl be sent en request
r
Philadelphia Office
Widcncr Muildlni
T(jphen
B?)l . . LecuiMrii
'itenc Rice 5Jtl
Baltimore Office
4.13 Equitable Buildlni
Telrptanr St Ptul8lM
Jenes & Baker
Membtrt XewYerk Cuib hiarke t
Direct Private Wire"
SU 1. On 'r.e Boiten rbniie'.ph.i
r utuivcfl Drtreit lilt. mere Cleveland
PHILADELPHIA'S
' HISTORIC
IHL'ST COMPANY
invites you
ti become one of its
DEPOSITORS
The Pennsylvania Company
Ver Insurances en Lilts and
Granting Annuities
Trtlst and Safe Deposit Company
BROAD STREET OFFICE
Chestnut and Juniper Street
51 "Chestnut Street, Philadelphia
Chartered
1 a i e
N ' " - J&
Wlint many nrc plcnhcd te call n
"cold wntcr banquet," It appear, was
ulvcn n few1 nlfrlitu nge at one of the
prominent clubs by tbe bend of a big
bUNincHS concern. According te the
n(ery, btiHlncSN nKseclnlcs of the concern
while gathered nreuml the festive beard,
ene after another eulogized Ihe firm
for their rcmnrknbly niiccchsuiI buslncb!"
eareer, nnd in flowing terms, as every
grateful guest should de, told of their
great esteem nnd affection business wie
, nnd socially for the head of 11,0 enter
prise. The Jiest in (rcsienM! te .their
unstinted prnise said he with highly
fluttered by such complimentary re
nnrks, that it made him feel he had net
lived In vain, neither bnd his buslnc:
efforts been In vain. He fold them
lie was proud of such Staunch friend-
1 ship and confidence and then In con
clusion suid :
"Gentlemen, 1 will new tell you the
reason you nrc brought together here
tonight and why this dinner wnw given.
Yeu are our principal creditors, con
ditions ever which we positively had no
control ; make it compulsory for us te
, come te you tonight nnd requesl you
! grant us a three years' extension." He
i then proceeded te make a clean breast
of the affairs 'of the company, conceal
ing net the slightest dctnil. While the
totally unexpected announcement of the
financial distress of the concern wnH lllte
throwing a bucket of cold water ever
the assemblage, the frankness of the
statements wen the dny, and before the
little party broke up the majority of the
largest creditors, had signid papers nink-
, Ing the requested extension n scaled
' desument.
Alleged V. It. T. Peel
i Street gossip has it that the alleged
recently formed peel in P. U. T. is
grently disgruntled in the failure of
: the carefully worked out campaign te
I curry rhreugh. It is understood they
ran against an unlooked-for snug a
fortnight age when the stock was rahed
' above 10, in liberal offerings of the
stock by brokers who nre supposed te
act directly or indirectly for certain
! banking interests. This source of sup
1 ply was either overlooked or wus net
taken into consideration. The peel, it
I is stated, . managed te accumulate ap
I proximately -10,000 shnres of stock cov cev
I erlng a long period between 14 and 10
n share. It was believed this had prac
! ticully cleaned up all the floating sup
ply of stock, und it was figured the quo
tation ceuM safely be carried te 2."
without danger of releasing uny consul-
erablc amount of stock.
Te make the situation mere discen-
certing, members of the peel have been
unable te ascertain the Identity of the
sellers or the real source of the sup
ply, as It wits known the personal held- j
lugs of the banking interests were
liquidated when the stock wns selling
nt much higher figures. In all events,
it has meant a postponement of further
peel demonstrations, and in the mean
time some of the tnll-enders have been
letting go. nnd the stock yesterday vas
ever 2 points under the recent top.
Nete Supply Running Short
Fer some time past, there lins been
tt disposition te purchnse short-term .
securities, pnrtlculnrly en the pnrl of
institutions, insurance companion, etc., '
and nt tmes there have net been enough
of this class of ivsues te go around.
I'tlci't have advanced sharply and the
manner in which the gains hnve been
maintained has been the subject of
faveruble comment In the trade. There
has been both an absence of pressure
nnd a demnnd for notes which in its
entirety has brought about considerable
beiiyancy in the trade. This has applied
net only te certain Issues or groups of
notes but has beet) quite general
throughout the entire list.
With the easier money rate killing
there naturally has developed n IWter
demand for short-term pnper than
could have been Axpected or hoped for
during the last year or se when both
call and time funds held at unusually
high interest rnte. Recently thete has'
been a mere urgent demand for accept -unce
bills, with the result that the dis
count rate has been brought down from
around tt per cent te 4s (fj t'i per cent.
There have been rumbling. In the air
for several dnys past that the Federal i
Reserve discount rate will again be re- i
dticcd w ithin a week or se and this In '
turn will mean a further revision of .
lutes for acceptance Mils.
a toen
Chile Cep'r (In
CO M
6H
. 08V4
ft V fd
. 7B1
. 70
. 7BT4
tP4i
.. 711 '4
B0
79
! N TV Cent' I 0d
tSAI.Krf IN $10001 1 'e e '
Arse nee'e tislteeub of Uru-lChl rtsllw's B i . ' V''
!!. . Trt I euiV Urn 1. . flflVl N X O cTl
... 70 I 10 102 ' 1!
Cunadl'n NthtijSe 1'orle Illcn i 1
OH rets Ct " wl C ft t
0 .. 108 I 6... . b; I il
ft . . 107'a'3tt nf Hae I 13.
S .IDS l'aule S 1 . , .
5.... 107!ti 1.. . 101ilC II 1
Canadian N 7a 1 101 U I 10..
1.... 100i8nitz'd Cen 8 13
Ore-W It 11 Ce. 1 . 87 tt
N Ce 4a ISo.Pre Term'l
4. . 77il 3V. "IK
rae U E mi 8(aal) HIS
5. . SU ' K .... 81U
Paek'd Moter Sn Kallwy 4
Car Ce 8i IS .02'
4 108 I B .02
n'.t
1 m'ilChlcaire Union
1 ... 113 '.41 Hta ct 0V,a
5 , ft.. 113t4 2 111U
HS 1 113i,i C N r 4,4,n7
8511 U K Or't Iiril
Sft'i &, I'd 1022
S.- , 'J DO. II
sr, . 23 ea.ii
SB'. 8 110
8SUI H 0U
H5t.il 0 . 00'i
Chile Cep'r 7 t? IC Ui't llrll
8 (HI I '.I Id 11120
1.
I i
t..
1 .
0
1
1.
1.
fan A Patr'tn 1
i. n, . - 1 K2 uremwr 01. , .
-v '" '' -.. . AmAln.r, 1,n,ia. a nil t.lirhl rl
""- r... An nn n.affr.nil HVithiM J
Meck of record December IB ...
United Fruit, qunrterly 2. payable .tan
uary 14 te ateek of record December 20.
Chine-is Oee't 100.
IMC niy B 40.
40 '
45
4n ,
I5W,
I... 14?..
1 45 ' B0
.1 ... 45 1
1
75
8... 454 I"
10.. . . 40 I R
B... . 46U 2"'
1 . tfli,! no...,
10 40il 20
1 ... 40K,i
City IJerne 8f 10
1 . 108.l 10 .
0 .. 108'A! 1
City Uerd'x 6n 31
18 . h0i.i, 1
10 . SOli B
10 . 801.4' a
0 .. SOW 4 .
Cltv of Cetien.;U X Gi
hag-en t',
7. . 87W
B 87j
4 . 87 tt
4 . . 87'i, "
City Ljena 0i 10
2ft. . fcOHi 1
5. KtJi,
10 . Kfli,.1
10. 80j
Cltv Mara'a (In
4. . . S(I1
Ct Kin de Ja
neile 8i
7 . . let
100 '4
. 101
100T4
ToVIe r,t
' 05',
00
. :
. . int.
. Oft
eny
09 'i
M
l'U
Wa
1184
HO'i
09H
m vt
P0'4
00 i
110
III)
no
8T4
00
00 i
00
00
1... 1024
Cl'd Uln Chi ft
t I, 4i"
1.. .80
Cl'd Cin Cht L
8t I.eula Of
1. .. 08
Cole It H 4ia
8.. . 83'i
Cem d Uaa "a
n 103 H
f, 103i
IB. . t03i
Del & Ilud ev
1 . . .00
Del Hud 7 a ,
5 1051,, J
Den A n0 4a
1 72.i
8. .. 721, I
Den Melnea i
Ft I) 4 a
1 41 i
Det Kdl Ca '40 ,
i oevi I
I Det Kdl Ce 0 i
l. . . . I00 I
08 H
B -. HSU
2.. w 08li
2 . 08M
3 . 88 Vt
i enu 4 en l
2 . . 084 ra II 4a of '48' 4
N T Cenfl 7 10. Mi 86U,3 Hallway Be
1 . 105.,ra 11 Kin IW" 2... 88'.4
N T Gennec'B1 10 "... 80i 10. .. 80
It II 4Ua 0. SOIBtBnad Oil of
2... 83 il'enna It It fi. Calif 78
Ne- Yk Dk H 2 .. 04i 3. . 10B",i
J . . 74J 1 (ile) 04i 2. IOB14
1 74?; Penna II OViaiThlrd A J
N T Kdlaen Ci 10. . 104 I 8. ,. . 40W
',4a wl I 1 101 iThlrd'Ave 4s
0(aale) 103 2. 104 I 8 B8
Uaale) 108 Penna 11 II 7a f Hag- P 6a
Kaale) lODli 1 . . 100H 8.-- S0'4
1 lOBWi 4 100H .Union 1'ae cv
105U Pel e .Ma rat Br I
DIVIDENDS DKCUARED
Reierve
e lank'
1 llrlllah-Amerlcan Oil Company, Ltd. .quar
terly 2 percent para bio January 1 te ateck
Kf rrnr,1 Y)f.ember 38.
naniter llaliway and Electrle Company ,
nuatterlv 1 Pr cent en preferred, paynble illoaten
January 1 te atocuneiaera of record uecem-..sew
iber 20, ,.
liner inn eti v.wiifc,iix. iuiinu, i.u
An tirrjtnii. rtavAble January 2 te ateck of
'record December 20.
uonireieum vuiiiimn, u'""'j w ui,r ui,r
men. payable January IB, as rciclalered De
cember 81. . ,
Detroit Edlaen Company, quarterly 3 per
cent, payable January 10 te tteck of record
ctfa,
Verl .
Philadelphia
Cleveland .
Plchmend
Atlanta
Chicago
ft. Leuie
Mlnneapella
Kanaaa City
Dalian
bends.
J (V
DfseOUnt rfitP
ertlclAt redlaceunt rte t the twlrVAf(,
.r.i .rv0 --.. f-,v,e,assi-Vk;..
aqeeM,
B1
B
3
it
uarterly 1 Vt
anuary i: te
i San Kranclacei
ft
nt.
B
ft
r'i
B
n
r,
r-H
r.
B
Bi
n
Bl
5
paper.
a''
B
B'4
!U
8
Northern Securities Extra
sew
80 V,
80 1,,
80 V!
25 ... DOW
1. BO
Union Pac fd
1 . 84
3. . 83U
Union Pae 4a
2 87
8 . 87U
8 87
I'd 1037
10
10
25
"O'.i Det Tun' I 4H
' 12.. 88
""' Det I' U iKl ,
. Ill I
u'i, 1 . (MU I
"8 4 D de Nemours
!'54 Iwdr 7i I
"' 2 . 103 I
"ij'-il I . 103H I
J,J 1. . 103H
" Dun f.iirht fl
10BU 1.
103 1
108 M, 2
J05V41 32.
108 14 Pub Merv Cerp
105141 N Jay Si
106, 2 .... 701,4
10R1 8... . 70
1054 iltfadlnc Ce 4a
I05?li 1 sis union l'ac ns
N Ik N It 4,Ille O It W 4a! 0... 102
It cv ,1M , 4 . . 0214 U Tank C 7s
8 .. aSi,,nle Ore i Ul 0 . 103V
New T M II . elt in U S It t I Ba
II 4 '57 I 1 . 02W' 2. . 02H
I. . . 30Vi St L I Mt 8 U S Ilubb'r BS
Net T S II , niy 4a B . . 80
Hert'd c IB... 0H4 IB
11 .. BOttiHt I. I Mt 4S M
1" 57 1 II A O dlv 4a 0
I.. . r.7 1 77ii 4
' Nf vt Yerk, Dee 13. The Northern Se
rar'ties Company has declared an extra
dividend of O per cent. In addition te the
reuex semi-annual dividend of 4 per cent.
Ueth are pajuble Jaruary 10 te holders of
record December 27. This Is the result of
the larire Uurltiifttrm disbursement a short
time age The Northern Securities ewna
23.003 shales of llurllnxten. wh'ch Is Its
chief Asset
ve '' 1 stock of the nurllnsten thla year and also
Smaller Anthracite Shipment-
The shipments of anthracite for November,
I as reported te the Anthraeltillureau of In
1 foimatlen, ninennted te 8,311.014 urees ten
against B,872,7K3 tens the precedlns; month,
I and with B, 708,347 tens In November, 1020.
1 The decrease last month, ns compared with
the ether two periecis, 's uccnumea ter e.t
the fewer rwmber of werklne davs In No
vember as compared with October, of thla
year, end by a decided falling- erf In the
washery tonnage from November 1020, with,
an additional holiday en Armistice Day last
month t.
German Bank Statement
Ilrrlln, Dee IS. - The statement of thu
te ahsre en 14.003 shares, owned nreMeUn
te the sleck dividend, making- the total re-
I relpts $000,801 or equivalent te mere than
MB a share oil the 30.640 shares of North-
I ern securities Company stock outstanding
' Including the current disbursement the
company has pa d 114 In dividends this jer.
I The Securities Cempany'a heldlnrs Include
$100,000 of. B'4 per cent Government cer-
tlficatea of Indebtedn-ss. and 27.882 shsres
of Crew's Nest Tass Ceal Cempanv, i,td
as or uecetnMr
im
Tmnerlal Dank of Germany.
7. fellows. Total coin and bullion decrtas
Bi.l.nne marks: geld decreased 1000 Iruiurr
notes decreased 050,370,000; note of ether
banks Increased I.BI8.00O b'lls discounted
decreased, 8,085,120,000 advance Increased
7.440.0OO: Investments decreased 17,080,000:
ether securities decreased 201. 200. 000. note
It circulation IncreaKed 1.M0 002,000; de.
posits decreased 7.037.357 000 ether lia
bilities decreased 77.186.000 total cold
holdings. U93.0B7.0U0
N lerk Bute St L Ic B V aj
4'
Ils
'4s
02
15
08'
.4 1
100V4
U H li.azll ,n.In';nl I.len
iui-t' 4.
104, ,
10t'i! 4
10m .,
104 r.
8
10
2
City
11
10
1 ,
2.
1
City Zurich 8
I
3
8
1
I
U H .Mexico 4
3 ..4014
2 . 41
I' S .Mexico B
2 . fit
12V
12
124
421
42
N V 'lele 4s St L is 8 1" In
3 . 88 , 1 ... 53
N V Tele'e '41 1 10 C3
' IOO141 1 83
1 102 IP.. .. 53
B. 100'St I, t, S 1'ran
1 . I00V4I Series A
10 100. 2 08k
10014J 10 . . . 08
7214 U H Hub
80
8
80
80
B0'4
80
Mi"
1.... 104
1 103
U'd S Steel 5s
2 . . OO14
1. 00
Va-C Ch 714
2 . 05
3 05
1 05
1
Cuban
1..
1.
1.
Cuban
10.
C'n C H
10714
"J ', Erie 11 It cv II
'"H 1 .. . 37
" iKrle 11 II rv D
I..'1' 0... . 30 1
'"'"iKrle It (.0 4s
3... 58 '
10. . 5S
rie a 11 CuHxt !
my 4s
an
? Gene'l Klec 0s
A H Ns ' 01 c j,jT
103 'Adams Kxp 4s ,' ()1,
103 1 . 730oe,,)ear T &
10-1,, Am n Agr'c :' Rub .31
103 ' 7i,;s 3S . 09t.
1: a c - i"e, s. 1M)
- "" , 10... nni.
,,.111. .
J "V
1 1
I
2. 57 AS
Cuba Itnlliead' '
Ce 71,18 w 1
10... 101
1 IOUj
I- IV if Bs
87
87
S7
tioedjear
Hub
5
& 1
41
llOVi
2 110
1 nni.
Mil '1 1 T rlt I , ..
Denmark Cen ' " '. 'O Nlhn ltd 7s
et A bs ai n in 1. 1
1 IO714 cl '''J"
2. 107 "' !'
Denmarl. Cen Ann 'li T 8
ct 11 8s I
1 . . . 107 , -D
Canadd '20, n--3.
. . ne1; I
10 00 Amu
D Canada. '20
J... . 97,
(lee't Trench
It 7ijs rets
12
3
3
I
I
I;
1
70
8
1
1
1
ID
I
04-1
04
05
05
01
04
0.1
i.l
05
051 1
03
05
unit cv 4s
. 01
01
. 01
. 01
li T 0
107
107
I OH
UlS
108
10
13
1
3
10..
r.e
:i
10
3
107
107
107N,
107
107Vi
107
107
107
107 I
107
IIhv'j Illee "s 1
4 ... 70 i
Hud 4. iln.li fd I,iIPm
Ain'n W I" 0s. , :.; l.lDei.v
2 . . M I ft' ij Liberty
Armour Is nUl, t Mati , I.ibcit.V
10 8" 2 .. 4.1 Tllm.lv
' hit . . . .'" "
A U S Te lei ., ' ' 40i
n k'-'jilnt'l Agr C fts
' hS . 5 .. 77
; 85 in central fd
I He',' ' s..
Atih 'f X- S t- ,,1 ,..,., ,,7:.
1. . 08
8. 100, 23 .. 08 Wabash n let
" I00 5 .... 08 2.. . 02
1 . 100 8.. 08 Wabaih II 2nd
I 100 SI H S Frnri, 4 83
I I 100, Series 11 1 . 83
3 100' 1.. . 82 1. 83
1 100' 0... . 82 West n Md 4s
1 10 100 St Ij Sen'n en 1 50
0 . 100i 1 .... 71 Wen Pac lsts
1 1 100,St L. Sew'n :., ! . S3
' t 100 1 71 2. . 83
N y Tele'e MR Seab'd A I, a' 1 85
2 102 ' 10. 15 W Lnlen 4s
North Weste'n'sSenb d A U fd, 1 ... 00
Hell T 7s I 2 .. 33 W Union 0s
2 107 8 A I, -Is eta 1 107
1071,4 1 3 50 1 2 . . 107
1 107 'SeabdAI, fl 1. :. 107
1 . 107 I 3 42 1 3 107
3 . 100 8 . . 42 Westinshe'e IS
N Pacific It ns, 1 12 .. Mfe 7s
2 107 .Sinclair C ull 1. 15i-j
Oie 4- Calif Bs! Cerp 7s , 2 105
60 ... . 00 1 3 09 1 105
Oregon 3 I, 4s1 1 . 00 1 . 105
8814 O (10, Wicks e Bpncr
I. Bs1 10 00 Steel 7a
00' I 00! 1 00
00' 1. !)!) Wilsen Ce rv
00;Sen Hud T Bs 11. 8S
00 1. .. 03 10 S84
00IS'n Paelflc fd Wilsen Ce 1st
0fl4 2 S3 I 2 00
'S'n Pc cv 4s 2 90
2 '87 ...
Oregon
R
Today's Range in Liberty Bends
"" 1 ..10
Itlch I.niv P M
.'!... . !l.".ti0 !Ci.() C..f.ll
l't Pi".. t7.:!r. i)7.:w ttT.ed
M4',.. SI7.00 .S1 !7.(KI
Id 4i. . i".M !)".14 !7.S4
ltli4',4H.. !7.:!1 !7.1 4 t7.;U
SiH.llh W.jis 'ill. IIS
Flerida!
Easy payments ever a period of years will
secure a completely developed, commercial
bearing, big profit yielding grove in the
World's largest and highest class "Temple"
Orange development.
Yeu have heard of Temple Terrace Oiange Gievu, 4000 acies
of the highest approved citrus soil, formerly part of the estate of
Mrs. Petter Palmer, located about six miles north of Tanipn, en the
Hillsboro River, and close te Tampa Bay and thu winter resorts of
the Flerida west coast.
If ou lntnul Kilns' 10 ! lotion i his int.;i i i ,i " '."il n ms e
le own an ernupe prnve let ns tell jeu ulmiK llus wonderful opportune- .
The Temple eranKe ansteerat of n.l oranges the S10 oe a box fiuit
1a destined te revolutionize the Flerida, etange industry
It Is net een necessnr.v tu lite en tile prepertj, or hate nn.t evperl
enre In eranc a-rnnlng;, te secure full benefit nf venr Inrestmenl.
Th llueUeye .Nurseries, srllli forty years' stirreteful experience In
Flerida citrus fruit production, hns complete supervision f the plimtlnir
nnd care of the irrines.
men r.f the highest standinff and
Vic Nole.. :vn.
'i. Notes 4:,ts.
100.00 IUO.00 J 00 00
'0.1
M .
20
l
Ge e i
1
05 ' "' , 3 08
aS IAU-1. Tft s !., (.,M ev
05 " dlv Is , 10(,,4
"3 , '' ; 'K) HI Cenfl St
05 ,A" u " ' 4,t Blv 3iis
05 1 8" , 2 .. 70
. 05 ". l-'iu't ""Inte Met tijs
I' P. Re, 3 . . 25 .,
00 A Pew.Vt 7s j,,
100 ' 2... 104 irj . 0
in,i urfii c u. c int M ,. .,.,
I
10
1
1
1
In .. 70
Halt r OJile Is
0 . 77
00 '1
00',
Ien
00 ',
11)0 ',
,,,7, illalt 4-ulile 5
r d 'liunk of 1 7S
Can tis lets I 771
20.
4
10.
It
We offer a Selected list of
Municipal, Railroad and
Corporation Bends
re Dealers We can offer block
of Investment Bends en
wholesale terms
We are prepared te purchase
teund issues of Corporation
Bends which have an
established record of
earnings
STROUD & CO.
14KD Walnut St., Philadelphia
43 Exchange Place, New Yerk
Correspondent Offices
24 Milk Street, Bosten
211 Colerado BldR.,Waihinjrt'n
Trafllc Meu-nient Snetly
Itppeits of nfliclnlh of rnilieuii. op- 7,
ciMtlng "list from Chicago ami St. Leuis i r;
hitllciite a spotty traffic situation. In fj
the case .of gcnernl nu'rchunillae. effi. 1 .
i lulj- rjviicr.illt lopert fViitfii' keeping up i
well, ceiminrpil with n veur nirn. On the lOr'd
ether hand, tenniiKc of coal is much
unnller, with the lempuriiun still
acuinst a period of dullness u cur nsn.
The ceinpanitivel.v small tonnage of coal n-tl)
0",
n
n
H
T ?1
r,'i
- 2 52
1 .M Ma.ll,-Gs
I J I) . . 00
1 se
llltb'.
5
I
:i oe '
te oe . '
1 100 ,' i
is oe Udil & tJlll" os
miii "- iew csjnt'l .hi
. 1. a u- v- . ""' c ' ' s i Sllter Kins
y ion 4WHls Memi) 'Sutherland
Hill ' i2i i -( I Tonopah Dltlrte
loe & 72 3C.in.L' S 3j Tonopah Ilnsbreuck
. 00 "alt l,ll'u s ! .01
'I'ruriU of W'a 3s 'Knn u .t 5
LOCAL MININGSTOCKS
TOXOPAH STOCKS
Bid
CbiIi Rev . e:i
Jim Hutlei l
M.icNainar.i ... . ti
Crescent 05
Midway , .n;
Mlzpah Kxi il.'.
.Mentar.M n
North St.tr .... n.l
Rescue UuIh. lii
Tonepuli Kxr 1 1,
West Knd se
West Tenniiah ml
IIVI1jK STOCK'S
Allied Iilude . m
Alte Dltlile mi
Uelcher . . ... nj
Helcher f.Ki n
lien Ilur
llruuifh Dlv de . nt
Pit Pie Kt ..'ii
Iiltlde Cen ej
Dividend . . ' .h;
diet Divide in
Hn-mlll ... tu
Hnsbruuck Ui de . . ej
HlBh Dhldj
Kne'; . . .. ,,',
Itevert lilv de .in
Itene Divide n
Hesetii 1,1
s
D5
07
13
n7
tu
ml
us
If veu t.ec',me n owner of a irrote under our p!an, the crop a, lies
.should return tne bulk of your purchase itfre 'oefero flnul piiymcnti are
made
Bankets lidsiniHS tu. n and jlti us xpits hac lliuruuchlv mteii
Rater Temple Terniceu and Invested htnvllt Full., il.3o0,eoo wui tli of
llicse Krove hate been sold during the iast ;cai,
The dlreiMets of Temple Terrace." .
intecrltv arfl
I), (. (illlett, lampii. President Hucke.te .Nurseries t ., ami Hr(
Vice-President Flerida Citrus Kxrhnnce,
II I,. Iliimmer, Tntnpa. tile lars;est Imllt Idilnl nranse and crape-
trult irreve ett ner In the tnte.
Mrs. M. C. Kowler, Tampa, r large operator of erane;e (trutes anil
realty In Flerida.
. A . Helm, of Allnmi, President, l.ierKlnle suitnr ,t I, and Ce.
. I. Miller, Tampa, rieneral Msnaurr, Kxrlianice Suppl.t Ce.
nnd Vli'e-I'reslileiit, Tampa llenrd of Trade.
full nfern dftes enaln'crt' pte.T plioieoirp;, Wei ,, n iragr3 dec ,
Iiehh or gnr also plain of m r-ecr rstute.. rf'r efl; en nni beuleuar,! (,,(,
Ier' am l'CIa Heme S,'t IS Jwjle gel' cevriv, oe'o preuvds and rrnntt court
met If lad at our efflirs ft ihj cai no' calt trtf, fev dp ct.ptiie bee! c' k
TEMPLE TERRACES, Inc.
Philadelphia Office, 1420 Chestnut Street
Ilell Telephone, I.erust
1.17 8
men
keeps down the cress teiiiinu'e of most ' i st-; of ra
toads below the level of the same period l s 1
of in'Jft. 'Jap (iete t 2nd. 1
1Jm t. i c;yaaRasfear-fte5
Straus Bends
te Net 7
An exceptional opper
tunity is offered investors
in new issues of first mort mert
Gage bends, surrounded
byallthesafeguardsefthe
Straus Plan, and backed
by our record of 39 years
without less te any inves
tor, te net full 7.
9ur Hst of current offer effer
ngs sent en request, de
scribes safe Straus Bends
te net 6 and 7. Write
today and ask for
BOOKLET
7:$7-q
AV.STIMIiSvCO.
iKr.nB bam ..
'NCORrORVTBlt
December
Bend List
We have just prepared
a list giving1 particulars
of a number of Cana
dian Provincial and
Municipal Bends new
obtainable at prices te
yield
5.5(FC
All these
principal
te V
S'ocWlixchanBeDldg., l'hlla.
It Tilibiir.iitf.cet shit '
. , .....j ii
39 year without less - I
B te any Invester i Y
(
issues have
and interest
payable in New Yerk.
The prices quoted are
for payment in Ameri
can funds.
llVWe or Ciicxilai 'IP-1 in
Weed,1 Gundy & Ce.
Yerk
1nc(irt)er&tel
14 Wall Street, New
Terente
l-tiiiuen,
Knr.
Winnipeg;
Montreal
L..'CVVVLV1.V.LWlL'Lr
A.D.C0NVERSE&C0.
Cemmerclcl Trust Rldp;.. Pltile.
Nrii VrU ll.illlmere
je.llUHs.-ts.t.tWlLtm
Hie dc Janeiro Tram. Lt. & l'r. 58,
1935
Cedar Rapids Mlr. & Pr. ."is, 193U
Laurentide Fr.. Ltd., 1st Ss, 194G
Electrical Devel. Ce. 1st 3s, 193:1
Manitoba Pr., Ltd., 1st 7s, 1041
Dominion Ceal Ce. l.st eh, 1940
Inquiries solicited in Canadian
Government. Provincial, Public:
Utilities und Industrial Securi
ties Samuel McCreery & Ce.
Membei.1 Phila Stock Kxciiantii:
Franklin Hani; HulIditiK
s$- McGLINN & CO. SR-
Member .. 1". Stock Exchange
Widener Bldg., PhiUdelphin
United Gil Improvement, 8' , Netei 1923
Amtricsn Ice It. E. . . 6' 1942
Charcoal Iren Ce. 8', 1931
Phils. Electric . 6rr Netti 1922
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
18B0 ItKAI, EblATE I'Bt'HT ULIXI.
lnti.kiUe. aiM .uju.. wuiiiuialiuii und
partnership ccouets anil ureuste lucems
is 1 Ilsturns. 4
c. s. PA'rreN & co.
1U 4 CIIKVTNUT NTH.
BANKERS
Successors In
SAILKR STEVKNRO.S
llnnils iind stnrlis heuclit nnil selil
Meml.r l'lit. Steele Vteh'mse
Sterl tuiinuB ! 1 ennmring f.iifly well
with IhmI year nnil nUe shows wimp im im
Iireveinent the pu-t few wt'fks, but is
still far below normal , affi'rting the
Kress lenmiKt' figures in the same wny
ns coal. There is no lack of equip
ment fur any Kind of tr.iflie. I'aekinif I'aekinif I'aekinif
house products arc being shipped in
about the normal volume, but may be
kept down by the strike vltuntieu. With
the closed navigation en the Lukes, there
Is some evidence of an increawd epert
rail nieveiiient of corn.
KerelKn Creillls
Walter t.uhiOl, preeldeut nt ihc
Northern Central Tuist t'liiupiiny, in
the current issue of the "Northern Cen
tral Advocate." issued by that Institu
tion and devoted te the business infer
ests of North Philadelphia, says:
"Frezen f'redlls" nnd "Liquidity"
nil' somewhat unusual terms in the inliid
of the layman. They are wuids however,
which mean much te the bunker. The
ability of a bank te liquidate its as
sets without lns -ir delay is of pi line
important e, nnd during the troublous
jeius just passed, bunkers have prob
ably given mere thought te what thesp
wetds represent than te any ether one
factor eiitei Ing into their business.
When the wvathei Is extremely cold and
things .lie bndly fuien, nature does
net move veiy freely, but when spiing
comes and the earth seftcuK, nil llf.
tingles wllh activity. Apply the similie
te banking and it heiemes very im-pic-slvu."
I'(irel;ners .seek Crude Oil
IS.Kish. Dutch and French oil men
have uppreached several of the larger
independent oil nreducers rcccntlv seek
ing large quantities of crudt oil". Due,
company was usked'te take an order te'
deliver 1.000,000 banels of crude ut an
attractive price, but ns il Is stricth a
producing cempnnj. without et'ean
transportation faellities. It could net
nuil itself of the business.
This unusual situation is taken by
the oil trade te mean that some fmelgh
refiners nre short of crude oil upplv.
Very little crude oil is exported front
this country for use in foreign plants
American companies in the expert eii
business ate larfu tefineis who soil re
fined products abroad. Foreign lefln- '
er!c are usually supplied with crude
from fields such as Mexico, Dutch Fast
Indies, Persia, Russia. Hunmnia mid
ether countries. HeverM of the leading
Kuiepenn countries hav 1 had their Mex
ican production considerably reduced insult-water
Intrusion. Production In the
Dutch Fast Indies is ulse en the de
dine, due te virtual hteppage of new I
work en the rteyal Dutch Interests be
caune of alleged excessive taxes.
TUB THADBlt.
( atintl.i 7h -- s.u j sl4
2.. 10ni4. s U Tel "Knllv Sprlim'd
1 10S';! ' Tli., s.
Jap iiei, t 1st1 ... 01 luUj
S7';lue u-lepnene ,,, Bteel '.'.u
' 1 S3'-.
V,s'j I.R'se Mm:-,. M
ins4 s 4 'SI
Victory Divide
venie Ulvlile
iene
no
full.
"I
.1-
11 J
,1
Hd.h u,...i ...
'"" " '"' S . S,
r,,M ,-, ?n Lehlm Val 0s
Hkn Kilt f'e Ds , 1fl ,
10" !. 11,1 11 .-. sr
r. st,
1 sr
.Is It lime f 4s
S TV 1 ...
1 ;;,,i ,! ,, B4i''Mi.lJt st m,
. ;m "i ieiIk m ,..,.,lri ,,t
r, 714! t ss, 1 sn,
; 7 j le of l,a 5i p-
1 T'1V' , '.. s- , '"' V1' 's'-' 'i's
I. 71 '4 ' u N Js-V Sv .', s.ti.
1 TUi 8 t'JI Jl st t s Site
I'.eljiutil fls,veirti u i-as 11 AI illB rets
0.1
11.1
.11
n.l
n.l
n.
IS
0 1
!
11
03
111
01
II
114
n:i
n't
hi
ar.
en
of
Li
ij
in
ii
:n mi -"'' 1 ss 1 101,
1 :.', :' nt. j ,(l
II 0.14 ' llll- I 101',
f 11.11,1 f' U l 1 101,4
11,1't , '14 Me K .1 T M
K Held in 7'jH f' IN1, J4 74
.1 101 1" HI". i T,
1 in:;'. : " .m Mm wi
1 I0 . - 1114 12 4,-,
1041. ' 1MV 10 411,
1 101 l 11(1 'J,, 4t
I 1(1.1 , " 1"" uJf LM 4".
IC Hem ni rets ' 11..1U11 sr,' - ,(,t
1 . 101, ' S.1 10 44
ia 101 " 'J e- 3j in 44Tt
I 1011. S s.iij () n
lu.1 5 '"'i 1 it,
K'lnitituiii Den- 11 s,', ,h1 l!t
marl: ut S. flu & A. tun :i 100 (fl
1 107', ' .11. In is
2 H'7. 1 ',4 r, Si,
1 H'N ' -It's .1 4.H,
-' lOSI-i "' BS 40 4, IK
K lti..y ils f H . Q II 4s, (! A.
1 IIJ - MP j 3 t.Hf,
I . H1 ' ! i 'J H'js r. 4,1:
ns , " ion' 30. 4S,
1 irp, 1 10'P ,1 4(1 af
Kmsiieiu N'ur- - IiiiP.4 2 ln,
ct Ss 1 lell4 in hi,
111 jesij ''IKIii 4s ,14 41L,
1 ion 34'.. ..?
1 lOlt P i h I Bs wl Jff. U A T ,,
10 lOlli, I 71 ij IS 41)7,
K Swollen fls , s "1't JI11 h 4 T li
1 (HI , ft 71 , -,,
4 til) 1U 714 -,,
1 OiP. " 7li, s ,
1 II1H4 IB. 71 1, , -31
1 flP, -I 7H, Jl l, i 1 u ,
Qui"ii. J i:xt 'J1H.SI.0 Mil AS nj -
I cm ct 7s , Ht I is .-, .. '
3 107'. ' 7 J M K t T ('i.N
1 107M -' 7.'S.' 10 , B1V
B l"7. 1 721,, Me K-eri t r
I ifi 72 ct 4Us
I 107, ) 7'J 1 1 :s
'.' IO7I4 fhU'HBi) Mil M K t 1' b Wl
H (lule ct "JO Stlcv4',s 1 jn -e
I . I'll) B (it , '
1. . 1001, 7 ,11 H ,7,
n Chile ct '11 I 111 7K
1 102 I" Uli, 1 i-,
I . Irtjl, .1 t,i 1, 77
10.", Chlr.nii, Mil I 1 77J
1 102S, 3tP M4i, I.M !,', ri
ll Chi.e '4(1 wi 4 . stu
is. 10a ' Mi,' it 14i
si iej 1 ai ' '. :1S "
4 10B Chkagu Mil M K i T tls',,1
1 10214 st ri cv Bs I 1 Vm
" l"2 2 . HI 2,1 ', 3
10J 1 ill 1 . 031,
3 t2 1 01 t Me I'sclflp 4s
102H P!i' Nw'n 7s I... nt
b 10214 1 iiM , ;,.
B HID',
UdI.IJKlKU.1 s-liih.s.
Iloeth
Ceinb Ki.ictlun
PrackerlHcL-
WiimntiilflelJ lllu L,c .
Plurence . . ,
OeldfleRl fun . i.l
Uetclfldi l)ev
tieliini'lrt Deeo 1,1
(SreHt lUi.-l ,,
Jumbo i:t . (,..
KewariHs (.
I.ene Stei ,,
Ore ...
Utl Hills . .
.SliMr I'cli (,-,
Spearhead ,,;
misei:i i..m:di
Ampaie ,
Arlseiw rtnteit ' ,,
f aloilenln ,, .
Kilen
Kniin.i ,1'-l-uri'U.i
i'uicw,
Kurelta Helly
Hecla
Mether !,aile
Nnvuilii Illl.s
Nevuil.i Wen.ln
Suite,
n-enpa Mlntrife . , ,.-
hlte Cans ,. ,
Will,, it ,,r
Liverpool Cotten
lAirrpoel, !c l.t i.r ,,,,.,.,
today im pric. vB1;.r",,:,."iLu' ,v: ,',?' ;
centre of .1. points for ,, 1,1 iliK at 10117,1
The Kales vie .moo ta piu ..-,., 4
ere 2 000 l.a'es. U11 lu-Ilrnr Jun iMli-H'AinerV
can t Mines Here ma.h , ih earh ,1, ,,
,ip"t,.,",l,'r " Mi-ilenn. mil
011111- far IIMil R.it.i m.),liin 1 47,1
tully rnlililllnij. U.U7.1 mud.'riK m U7.1 1.1
ordinal, 7,17,1
liiiyiiiifcj
-T
ilSE
jB5gjgKCaa,ll7rBlh
Tube Kl RepuMIc !iet I Steel Ce cntteTiQ
Jtl 'J'f -u.f-f la,, w .r, m, ,4, a
Where methods and
machinery are best,
efficiency is greatest.
Our seven large shops
are equipped with the
most modern machinery
for the manufacture of
steel structures.
McClintic-.Marshall
Company
t.eiieral llffle. I'lttsliureh I
I'hlluilelphlii: Merris Hide
1 ., -h
JK
M
McQintic-Marshall
Steel Bridges Is Buildings
n
I
j1
no"
4 11,1
II
ill
I I
II,
O.I
11IL1
&
r'lR.sT .MIIHT(I.(.I. IKiMis
.ire Krttlnic mune
M'e cm n fctui etf.r 11 Itn" -a , , 1
letiir-term Plrst .Menu-ase .-,' i.,d- ,
prusjM'reus
PUBLIC UTILITY COMPANY
lla!n.t a lrte divers t ..1 ,, it
TO VIKI.I Altei 1 ; .tu.,
Interest lanird 24, time.
Il'r,ie ur 1 , , n ,
Henry L. Doherty & Ce.
601 Murrls lllils., l'hlla
FIRST MORTGAGE 8'c
l( Insrril
Sinking Fund Geld Bends
at 95 and Interest
TO YIELD 8.94',
Personnel and Security
Exceptional
hformatien en Request
C. O. FOUNTAIN
1201-2-3 West End Trust BldK
Philadelphia
CAPrrALSsoaeoaoou
ff SURPLUS (EARNED) l
i $2t000;d00.00 M
POWER
PLANT
Save Ceal
REIMS
by havinir reur
steam cylinder rebered and
new piston and rings installed.
iniie 111. HI4 and Usui ln
I I-!
tn4mmmrLMAMsAmmm
XI2-25E3 S.DARIKN T.
Dealers in
Investment Securitiet
fimbffrs .Nru. leifc eiiU I'MIul.s
Stock Bschangss
321 Chestnut St., Philadelphia
PHILADELPHIA'S
most famous merchant
says: "The first part of
money making is money
saving."
Then live en less than
you earn and save the
rest regularly, and as the
habit grows, it will be
easier te save mere.
Think of the future, but
don't worry about it.
Begin right by opening
a Savings Account with
NORTHERN
TRUST COMPANY
I'er your convenience
we keep open Mondays
until 7 o'clock, and you
may withdraw up te
$100 WITHOUT NOTICE
CITY OF SEATTLE,
WMamiNGiTON
Municipal Light
and Power
6c Geld,. Bends
Due Ne. 1. 19,'ts
Kxvmpt from all
I cdernl Income 7.v k
Price 103.75
Yielding about 5.65A
EDWARD L0WBER STOKES
20 Seuth I5thSt.f Phila.
Ill(s n:i
IIM I V.U
Safe ISends for Investment
HALSEY, STUART
& CO. Inc.
4S.U
Ths
I of this
A1nm.1l Menu,,.
HAMi OP NORTH AMKItlt
AiuSf.1 fM".1!".?' .!h" oclieWers
... ; " .' :L '.'y 5-iri.-(,i ui uire. te y
1 Tiies Tiies
eurs of
n?" I'!'"' h," hrld lL,h, "irWinc He lie en
(li I it o'elerk M xml I u'elerk ! ,M
K S
KneuKn
Chlsr,
Carbe-Oxygen Ce.
8' Cumulative Preferred Stock
with Common Stock Privilege
fern) for (Irriilnr Ni,. i;
W. D. BURCH- & CO.
604-S LIIIKIITV HI.IK,. -
Phene .Ofisr (ej
IV
have active orders in
Georgia Ry. & Power Ce.
Preferred & Common Stocks
Reed A. Morgan & Ce.
11 e
f.J.W ,!, HI,,, ,.hlla I
1." - f -lie l-l.l s,,. 1.
IASSATT &' f.'O.
Inventment Hankers
lllilJIIIIUIAl , TKINT Ill.lJIi
I'lilludelplila ""
, Nsw lerk naititrwri. HcrMiittm I'lu.h......
i' i '
V
.' '
?
',
r-
Wfljmiini, br 8. w. 8tt.ni ft Ce. '
"f .