gVT
:.vi
'A '
. , 7
Bt
H
i
Mt
Of
iSf' v
Ri l -
r
m
:?
Service enJ Stability
Our Duty te
The Public
has nlw-iya been a domi
nant thought in shaping
our policies.
The service we seek te
rerider is n helpful and
constructive one te YOU.
And we strive just as
much te retain your busi
ness permanently as te
sccure it in the first
instance.
Integrity
Trust Company
Fourth and Grn Streuts
Capital $500,000
Svrplut and Preit. . . .$1,830,000
INDUSTP
GROUP
HAL
HAD A MONOPOLY
Exploitation of the Solected Is
sues Helped Along by New
Merger Stores
NEW YORK STOCK EXCHANGE TRANSACTIONS
NEW YORK 31
tilv.
In I
$1,500,000
City Centre Building
S. E. Cor. Bread & Cherry Sti.
6 Registered Geld Bends
Due November 15, 192G
Denomination $1000.00
Rtfund of 4 Mills Stilt Tax
Principal and interest guar
anteed by the Philadelphia
Company for Guaranteeing
Mortgages.
Circular en Request
BEN. T. WELCH
Gll-12 Penfidd Building
TV7E OFFER the six per
VV cent bends of a Seuth
American State te yield
7 if held until ma-
, tufity in 1926.
, The semi-annual sinking
" fund has already drawn
about half the issue at
par. The possibilities of
profit, therefore, are ex-
. cellent.
These bends are payable
in New Yerk in American
? dollars.
Full particulars en ap
plication. , We invite inquiry en all cur-
rcttl investment subjects.
: HARPER &TURNER
j. Investment Bankers
lct-ilwrs of PhlladilpMa Btettt Bxehme
I Stock Exchange Building
snte. Philadelphia
New Yerk, Dec. 1.". Trailing: wnp
hnind nnil active nntn tmlny In tlic
.selected Ixiucm, while, fm mm- lenders of
the railroad ami Industrial dlvl-lens re
celled Imt sennt attention. KcmcmmI
, nicr-jer talkn lit-lpcil ninny of thn upeeliil
ilomen-.trati.ns, with thn flunk of the
movement rc.tlii- en the nil nnil tiictnl
groups. The rrnl event of the ilny.
hiiwcvrr, wn once mere supplied mil
side nf the stock trmllnr. It wns the
activity ami .trcntli of tlie Victory
note. both Issues making; new lilim itm itm
tntleiH for the ent. The It-"1, m nt
100.04 and the 4v,.s nt 100.00.
Tlie day'B operations could easily be
dismissed with little or no comment.
What wns wild rencernliiR jestnrdny's.
Tiipsdny'H and Monday's market would
eully Imve llttcd in ilcscrlhiiiK today's
performance. The trading lentlnued nl nl
mest exclusively profci-slennl. That Is
the mere wonderful side of It, for if only
a fnir-Hired public Interest had been nt
trm teil the successful uplifting of one
zreun after another would easily he ex
plained. When n market persistently
koeh up In face of mere than oil per
lent of the trading contingent arrayed
en the bearish side, and when the lead
ing conimlssleii heiiMH day after day
preach rem t Ien, it In sut'.dy no affair
out of the ordinary.
Nothing that might be termed stimu
lating wns te be found in the ever-night
development. Tills, however, did net
deter In the slightest way the exploita
tion of the various Industrial siki Ini Ini
teo, On the oentrnry. they just went
ahead working virtually en tlie -mm'-.tics
as observed in recent sessions,
tilling geed ri"ult!. In that the major majer
'tj bndte Inte new high ground for the
i urrent movement. It wns distinctly
tin Industrial market, in truth the con
centration of interest approached almost
te a condition of monopoly. The few
n.ils te show animation were these af
fected by some purely local condition.
Shares of the various l'neWic coast
companies were conspicuously strong nt
the opening. California lYtreleum.
Staiidiird Oil of California, Gas and
Klectrle nvcrnged one point gnlnv
American Woolen made up the greater
part of lis quarterly dividend at an ad
vance of 1- and Atlantic titilf. Inter
national Harvester, I.lfmi locomotive
and May Department Stores also
strengthened. Among rnjls, Cleveland,
Cincinnati, Chicnge nml St. Leuis (Itig
Four) rose mere than live point en the
offer of the New Yerk (Vn'riil for stei k
control of that property California
, issues lioeume mere prominent en tlie
rise of J'... points by Associated till.
Shippings, meters, cipilpinciits and mis
cellaneous specialties lilrte Improved.
Lima Iocemotlve extended Its gain te
four points.
NEW TOP PRICES
FOR AMERICAN STORES
Trading in General Lecal List
Was Flat, With Slight
Price Changes
We Own and Offer
Eastern Steel
1st 5s, 1931
Tux Mfmpt In IVnnii.
N'ermnl IVd-rnl Inremr Tax
frre nt a prlc te lie ni-Trnt
lrld uf 5"t'r und te maturity
a.s.
WlHII BUS, PMIlAMLVtOA
MvuimmkMUm
tfrSCJKqt t-
AIM
ewrMK
Bnnwiym
Proven
Public Utility
Bends
Baker, Ayling & Yeung
JOSKMI XV. (WAIN. .Jr.. .Mnnni-r
Lund Tltla Bldg.
Qoiten Philadelphia
Continued strength and buoyancy of
I he American Stcres ir.'ie supplied the
outstanding development of the day's
operations In the local murket. While
explanatory news wns still conspicu censpicu conspicu
ei'slj lacking, both the common and
tlie first preferred stock continued te
forge ahead, milking new high record
prices. The common touched SS, or
ever ,'t points uheve last night's price,
while preferred was up nearly 4 points
nt llt!:l4. While it may have been a
mere coincident, considerable lmper- i
timer was attaclifsl te the reports com- ,
Ing from the beard iimm that the prin- i
cipal buyers were brokers who uunlly j
represent or act for prominent local
hanking Interests. These Imnlt. rs have
never been known te lime any large in
terest in the chain stores, and it wa
assumed the buying elder, If thei
reallv did come from t lint source, were
for the account of ether parties.
Trading in the ether local shares wa-
nithcr Hat. Tin ntrever-v ever the
r'lcctric Storage ltatterv dividend m-ciiis
te have taken all the life out of trading
In that uctive favorite. The price yielded
a full point en small sulci, but mere
than half was siilisoipiently retrieved.
(' (! 1. issues did net icspend te the
announcement of the redemption of tlie
s per cent notes as many supposed. ,..
pecially after the official Intimations
that the lus-cssary funds hnd been se
cured through paymi'tits of a subsidiary
company. Tlie stock, after touching -II,
shaded fractionally Inted te 40;. The
preferred en small sales was' a shade
bpfter at TtOKj.
, Only nominal dealings were made In
the street railway stocks. The total
Indifference te the "I." proceedings is
a little short of amazing. Lehigh Nava Nava
igntlen lest n Vj at H1 en small snles.
Apparently all hands lire awaiting the
outcome of tlie legal attack en llie
Lehlgli and Wilkes- llnrru sale. I'enii
sylvnnlH Itnilrend was again fed out
rather freely, but the nterk had strong
iimlei lying support nt '!'!, while the
priii- in the N t market shmjed
under tliat tigugre.
Hnles
400
tnoe
tee
400
tee
300
aes
100
10700
.00
408
100
100
tne
loe
3000
4000
410
M3.D0
.00
2100
100
ItOO
2100
100
A00
3300
300
i?no
4.1
3000
ine
.tee
31)0
100
5300
1300
300
10000
300
1300
1300
300
3300
300
13H00
3700
3 10
0300
300
200
inn
100
300
1000
100
100
200
300
300
HU0
100
300
100
200
70
2300
1600
0300
flff
700
3300
0000
100-
tflOO
ioe
100
1000
3100
400
100
.11)0
400
100
1H0O
2300
.170
100
3030
100
SHOO
1300
3200
300
1x00
100
.ine
loe
5100
1300
KM)
3000
ion
700
700
300
1R0O
700
7700
8300 J.BO Cesilen Ce
3000
1300
2000
090
H0O
900
3'I0
300
700
tllJO
17011
700
73110
100
11011
11)0
120D0
lsoe
100
0200
100
300
leioe
200
300
510
100
1300
210
100
100
38 M
32 ft
10W
32 y
37 n
HlRti
. . Advance numely . ... 1
.. AJnX Rubber ........ 1
. . Ailnnu Express
.. Alaska Oeld Mints... H
. . Alnnka Junenu O M. .
Allied Ohcm A Dye... '4
Allls-ChftlmTs 3H,
.. Am Aitrlc Chcm 30
. . Am licet Sugar 38 H
Am H Shee Pdy new.. 81?i
.. Am Can 33 Hi
1 Am Car A Pdy 14sH
.. Am Chlcle it
.. Am Cotten Oil SI VS
.. Am Cotten Oil pf.... 40
. . Am Druirflymllcnte... 3
s Am Kxpresa 130(4
.. Am Mlilc ft Ieather,. 1
.. Am Hldn a Ixinther pf "H
7 Am 1c 74
.. Am Internnt Cerp... 42ft
Am Unseed 31
0 Am Locemottvo 18 M
.. Am Safety lt.ir.er.... i
.. Am fih'p ft Cem !W
-. Am flmelt 47ft
7 Am Smelt uf 80
3 Am Steel foundries.. 34
.. Am Sugar 34ft
7 Am Sugar Itef pf 84ft
-. Am fliinintra ...... 30H
3 Am Tel ft Cnble 53
0 Am Tl ft Tel 117 H
It Am Tobacco 134ft
0 Am Tobacco pf new.. 'Oil
18 Am Tobacco 11 l0ft
Am Wntrrwks 6 pf. 'M
7 Am Woolen 83
.. Am Zinc Lend Bmlt 1H
.. Am Zinc Lead A S pf 40
. . Anaconda Copper .... 30
.. Ann Arber pf 3l
fl Abse Oil 101
0 Atcb Tep A Sftntc Fe. S0
a Atch Tep ft a p pf . . . 8j;
.. Atlanta ltlr A Allantlc 1ft
7 Atlantic Const Line.. R7ft
.. Atl riulf ft W 1 B 8.. 33
.. Atl Qulf & W I S8 pf 23ft
.. Atlintlc ret 23H
7 llnldwtn tjocemotlvc. . 07ft
7 Baldwin I.oce pf let
.. Daltlmere ft Ohie...
4 Baltimore ft Ohie pf.
.. llarnsdnle Clnss D..
0 Uetlilphi-in steel . .. .
ft Hethlchcm Steel 11...
7 IJethlehcm Steel 7.. Olti
8 Bethlehem Steel Rc pflOSft
.. HrltUh Kmp Steel Hft
7 British Kmp St 1st pf 33 ft
6 British Kmp St Jd pf. 32 ft
.. Beeth Fisheries Oft
.. Brklyn Itnplil Transit 7
.. Brltlyn It T ctfs of dep 8ft
.. Brklyn Union Clan 71
10 Burne Bre 110
.. Butte Copper & Zlne. . J4
.. Blitte A Superior Cep. 21
. Cadde Central e ft P.. 12 H
.. California Petroleum . 40
.. Case J 1 1st pf
2 Cal Zinc ft Lead...,
fl California Pncklnpt
10 Canadian Pacific . , ,
2 Calumet A Arlxena.
.. Central Leather t
.. Central Leather pf.., 03ft
8 Central of .V J 100
.. Cerro-ilc-Pnfiee 3H
fl Chnndlcr Meters 51ft
4 Chesnpeake ft Ohie... 80ft
. Chi ft Kill (Full Paid). 33ft
.. Chi ft Kill (WI). ... 10ft
.. Chi Kill WIpf 33 ft
.. Chicago A fit West.. 7
.. Chi M'lwaukee ft St P 1'
.. Chi Mil A St P pf 31ft
5 Chi A Northwestern.. S7ft
4 Chi Pneumatic Teel. 82
.. Chi n I A Pnc 32 ft
a Chi n I ft Pac 07c Pf. II'j
.. Chile Copper ift
.. Cblne Copper 20ft
.. Ciev Cln Chi A ht L. . 7H
3 Ciev Cln Chi A St L pf 74 ft
4 Cocu-Coln 43ft
..Colerado Fuel ft Iren. 28
. . Colerndo ft Southern . 43 ft
4 Colerado A Se 1st pf. Stft
8 Celtim Has A F.lec... 00ft
.. Ceium Or.iphophene. . 3H
.. Cel Oraphopheno pf.. 13ft
4 Cemput Tali Records. 03ft
. . Consolidated C'gnr . . 18
7 Consolidated Cigar pf 87ft
.. Consolidated 171b Ins. 1ft
7 ConseJIdatcd Clan ... 03ft
.. Consolidated Textiles. 154
. 7 Continental Can 40 ft
fl Cern Products Ilcf . . . 05 ft
30 ft
4 Crucible Steel CM2
. Cuban-Am Sucnr .... 13ft
. Cuban Cnne Sugar... 7ft
. Cuban Cane Supnr pf. 14
4 Davisen Chem'cal ... 32
0 Delaware ft Hudsen.. 100ft
A Del Lack A Western. 114ft
1 Deme Mines 13
.1 Endlcott-Jehnson .... soft
. . Erie 10ft
. Krle 1st pf ISJi
. Krle 2d pf 10
3 Famous Players L. ... 77
H Famous Players L pf. 80ft
4 Federal Mln ft Smlt pf 13
3 Fisher Bedy of O pf . 80ft
, . Flsk Rubber 13
, . Freeport Texaa 15 ft
. . Ossten Wms A Wig . ft
. . Ocnernl Asphalt COft
C-ener.il Clgnr no
a Oeneral KUctrlc 112ft
1 Genernl Meters lift
0 Oen Meters deb C.. 2
Oen Meters deb ,".. 83
. . Goedrich B F .isft
. . Gray Dals lift
1 Great Northern pf .. 75 ft
4 Great North On ctfs. 31
Oreene Cannnea Cep. 20ft
Quantaname Sugar .. Oft
1
If
17
50
I
. 71ft
,
. 71ft
,121ft
, 00
3300 1.80 Hnblrsbaiv El Cable.
UAMIKHM
Dealers in
Investment Securities
ittmbcr$ Sw Yerk nnil Philadelphia
Stuck Hzchanaea
321 Cheilnut St., Philadelphia
Commodity Markets
GRAIN MARKET
Chicago, Dee 1" --Wheat .started
iilichang'il te ' loner, the .Inly lead
ing the decline hisnusp of selling en
couraged by a forecast for unsettled
i minions, will, r.iin or snow ever all
parts of the belt tunighf and tomorrow.
' Maying support weak and scattered.
The mil marker was strong for red
winter and spring grades.
Cern started unchanged te n shade
higher for December. Trade was shin.
Deliveries were lighter this morning
and there wns less hedging, though ivtl
mated r'eelpts were l,"0 ears
Oats started practically unchanged,
with a dull and featureless trade.
300
100
100
2800
80
200
200
5100
200
100
5:10
300
800
000
3000
1700
700
H0II
300
200
Haskell A Barker Car 70
Hcndee Mfg Ce 13
Homeitake Mining ,. 50
, . Housten Oil 82
, Hydraulic Steel Oft
7 Illinois Central ODft
, . Indlnhemii Ref 4ft
, . Inspiration Cen Cep., lift
, . interh Cen Cerp 1ft
, . Interti Cen Cerp pf . . . .1
, . Int Agrlcul Cerp pf . . . 35
, . Intirnntleifnl Cement. 27ft
1 lnt Hnrvester new.,. s,4$
, . lnt Mer-Miirltie I,' ft
0 Int Mer Mnrlne pf . . . IK!
, , Inturnat Motertruck.. 20ft
7 Int Motertruck 1st pf 7.1
. . Intermit ennl NU.-le.-L. 12
. . International Paper .. 54
(1 Inter Paper pf stpd ., 71
8ft ft
38 k
30ft
37 ji
81
34
148
11
2111
4H
8
130ft
15
01
13ft
41U
30ft
OMft
U
40
80
33 ft
83
83ft
30ft
83
117 ft
131ft
00
120ft
17
KB
40
48
20ft
102
0
80ft
1
87ft
33
24
23 ft
0-1
104
35 ft
82 '1
10 ft
82 ft
67
01 ft
lr5ft
8ft
85 ft
22 ft
0
7
5ft
71
118 ft
Uft
70 ft
13
48 ft
74 ft
Oft
70
110
00
31
A3 ft
190
38
50
3A
SSft
18
33 ft
7
18
30
07ft
r,3
.13
71ft
13
28
50
71
41ft
23
41
SSft
05 ft
3ft
12 ft
51 ft
18
57
1
03 ft
14
40
04ft
35 ft
07
13ft
7
"ft
51
100
112ft
18
80ft
10
18
in ft
74 ft
89 ft
41ft
80ft
12
13
ft
8 ft
00
141ft
11
71
83
37 ft
lift
71ft
31
29 ft
ft
ft
70
13
50
81
lift
08 Va
4ft
40 ft
IJ-i
3ft
.13
27
84
14ft
04
28 ft
73ft
12 ft
13 ft
71ft
1 .30 Net
I', M. Uh'.
i 4- l
lift- 1
50 - ft
H
80ft4-
S8
m--
3flft
54
-
143
11 -21ft-4-3
13014
15 -01
-1H-42
ft r
,11
8
4K
8ft
31
84ft
8Sft
30ft l-
15
117
134ft4-
Ul -13ft-
174i-V
m-T
14
w
80
31
103
10 ft
8ft ft
1 - y
87ft .
33 1ft
3lft U
ft
It
ft
ft
K
1
'h
Hi
ft
Ji
niv.
Bales ln I
ItlKh
3400 .. Invincible Oil Cern... 13
301)0 .. inland Oil 2ft
100 .. Jewel Tea 11
300 .. Jenes Bres Tea 30ft
1300 . . Kansas A Gulf 7
flOOO 4 Kidly-Sprlngucltl Tire 4H
5008 i Knihcett Copper ... 11
0 .. Keystone T A It 15ft
40ft a Kresge fl B l'W
1S0 . . Lneirde (las of St L.. fil
100 ,. lickawnnna Steel ... 40
fit) Lee Rubber Tire 20ft
3100 s.AO Lehigh Valley
Z
H
lft
IK
1
ft
y
ft
ft
23
B7ft
101
35 ft
53ft
ft
57 -
IV4
105 ft 4-
8ft
ft
32 i
0 -7
8ft
71
"8ft-
0
30ft
13'i
4H
74ft 3ft
0 ..
70 ..
"0- ft
00 4- 1
.11
05 '4
10(1 -3ft
30
81ft
3ft-f 1
33ft- lft
18 - ft
33ft- ft
7 ft
ft
18- 1
3ft
1
in
30
01ft
03 -Hft
71ft
10ft
23 ft
50 -f
74TT
41ft-
25
43ft 1
58ft 4ft
00 ft
3 ..
13ft- 1
53 2ft
18 ft
87ft ft
1 14
3 ft-
13ft 1
It
8ft lft
1K
07-
7ft
11-
-52
108
113ft lft
10 ft
80 ft
III ft
18ft
10
58 -80
ft
42 -80ft-42
15 lft
ft
08 -
n'
141ft-
"!4
77.
83
37 ft-
Uft
76ft
31
3Hft 1
Oft
1H
70 -15
50
81 -
"ft i
88ft-
4ft
41
Hi
3
33 -27
4 (
Lift '
I5ft
20
73
12 ft
33 ft-
4700 . . I.lrfia LoeomotlVo ....101
101 .. Lima Ixrtomellvc pf. .160
700 .. Lbewe. Ce 14
8008 reft Candy 10ft
30ft It 'ijerlllnri! Tobacco .... 133ft
100 4 Mlickay Ce pf
100 .. Mnnntl Sugar 2ft
460 7 Mntehattnn Kiev ....
400 1.78 Mnnhattnn-Shirt .... 4
10ft .. Market St Rwy 3
100 .. Market St Rwy pr pf. 3ft
100 . . Market St Rwy 2d pf . 0
100 .. Mnrlln Oil 3(1
6 .. Math Alknll 21
600 s Mny Dept Stores 103
0100 12 Mexican Petroleum ..131
460 c Miami Cenner 37
800 l.se Middle Sinter Cerp... 14
00 ., Mldvale Steel 28 ft
160 ,. Minn ft St Leuis 0ft,
100i .. jrb Kansas ft Texns.. 1
M6 .. Me Kan A Tex pf.... 2ft
760 ..'Me Kan A Texns wl. 8
1460 .. Me Kan A Tex pf wl. 34
1661 ., Missouri PacIIIe 11 ft
"00 .. Missouri Pacific pf... 4flft
66 .. Montgomery Ward .. 13
26 .. National Acme 1
100 ., Nntlennl Cen A Cable lft
160 e Nnt Knnm A Stamp.. 40ft
100 M Nntlennl Lend 85ft
160 7 Natlennl Lead pf 107 ft
.2000 ,, Nev con Copper 13
100 .. N Y Air Brake 00
2000 a New Yerk Central... 73ft
4200 .. Ne,v Yerk N II A II.. 13ft
100 t New Yerk Ont ft W.. 21ft
700 7 Norfolk ft Western... 07 ,
800 .. North American ctfs. 44ft
300 .. Ne American pf ctfs.. 30ft
3000 i Northern Pacific .... 70
400 s Neva Scotia SftC... JS
700 ., Okla Pred A Ref 3ft
160 .. Ontario Silver Mining
400 2 Orpheum Circuit .... 14
400 A Ot'B Klevnter 134
106 0 Otis Klevnter pf 68
100 .. fitly Hteel 0
100 2 Owens Bottling 20ft
2300 .. Pacific Gas A KIce.... 07
000 .. Pacific Mall 12
21500 ., Faclfie Oil 48
4300 e Pan-Amer Petrel .... 57
100 e Pan-Amer B 52ft
100 .. Panhandle 12 ft
0000 2 Pennsylvania R H. ... 33ft
8000 .. Penn Seaboard Steel. . 11
3000 .. Peeples Gas Chicago . 50ft
1300 ,. Peerln ft Knstern 12
00 . Pere Marquette 20
100 3 Philadelphia Ce 32ft
3D0 .. Phillips Pet 33
400 .. Plerce-A'rrew Moter.. 14
100 . . Plerco-Arrew Met pf . 33ft
200 ,. Pierce Oil 13ft
300 a Pierce Oil pf 73
2100 n Pitts' r'eal 03
200 A Pitts ft West Va pf.. 70ft
100 .. Pressed Steel Car.... 05ft
200 .. pond Creek Ceal 13ft
3000 ,. Producers neflners 32ft
100 . . perducers Refiners pf 30
1500 A Pullman 107
100 .. Ptinta Alegrc Sugar,. 20
3000 t Pure Oil 40
200 s Railway Steel Spring. 03ft
2000 .. Ray Cen Copper 15
3100 4 Rending 72ft
700 Rending 2d pf iVA
300 ., Rcplegle Steel 28ft
7000 .. Republic Iren A Steel. 83
700 .. Republic Meters 8ft
3000 5.20 Royal Dutch N Y.... 32ft
800 ,. st Leuis San Fran... 31 ft
160 . St Leuis S W 31ft
Ht Leuis Southewest pt 32
Seaboard Air Line.... 3
3
)4
43ft
27
14
171
48
40
it
88
D8
100
m;
10 ft
131ft
m
30
112
34
3W
0
20
30ft
163 ft
110
27
14
3ft ft
!
2ft
8
24ft
17
43
12ft
lift
IK
40ft
8ft
101ft
18
A0
73 W
1
21ft
30ft
7M4
33 ft
3ft
4
14 ft
1:30 Net
P. M. Chx.
11 J4- 14
M- J4
HW
JO
7
14 ft
174
51
40
29
Sftft lri
100 4
106 - I
14ft- ft
10
14
H
ft
3
ft
HEADS CURB LIST
Corperato Issue Soils at 105,
Against Subscription Price
of 103.40
Nev Yertt. Dee. 15. Most interest,
en the curb today was altncheil te
transactions in the New erk City ilfiH
...!... i. ....i i..,u ilitntiments. before
.V7ST 7s It'll ir-mit-ll, .n. '.-' - . ,
182ft-' 3ft the subscription iiprnwl at neon, being
7 .. i trailed in nt hhthI" "" .
3ft U The tobiicce stocks were mere prom
32 l- ft Inrnt In the denllns thtin they have
34 - been for some time. HrMsh-Americnn
3 ft, Tobacco moving tip t LI, the highest
30ft ft price touched In a long period , and
0-1 strength also wns shown In Philip Met-
20 .. ! rls, which advanced te r'4.
21 K ' Moter stocks were In supply, partly
102ft Hibccnuse of rumors of further retltic
121 llSlntiA In prices. Dlirnnt Meters of In
27ft Wdlnna declined te V ami nitren.
M...... ..1.1 u!,.lfu selll lit .I'A. Illll
.,1.111 !. ..U, e,... .... -- - ,- ,
14
2Hft
2ft
8
24
mill Meters wns Heavy at i-n, ""-"-
was a little business In I). W. Orifflth .
nt H nml (leldw.vn l'lctures sold at .
North American Pulp, which wna weak
!... i... ..l....,l n lietler tnhc today.
.ISU-TIIII., en..... ..--- ... ,,.,
In the petroleum secium i.". -!...
.. .' .1... .i..,niil fenture
M
tliX - JL .
SSi 1"m. ffrthTn.K;nf"a points te
2ft 54 ,,. ,,,,, nM.erd. Ht';dnr,l "f
" " I Indiana was strong, with the traillM
114 I i...... ctuns Serv cc. cx-tllvldrnd
. lll'IIT.t ifciv ., . a i.
IlI'TIMII 1111111 A U
I .. (...off
14 ;""," ' "I;" -,; ifl. but reacted
, treleum Jese
. slightly.
iMU'STHIAI.h
H'Bh
1
. . . nil
.. . 10
...121
u
Acme CnRl
Acme Packing
Amer LentlHT ...
Atnr (Ins i:iic u
iirnniry r nr .;., -j.fi
.lifnrn ii L'rustieil Prult. J"t
tr,iiiHiiiiit Knicnild '.
Cenllnvntnl .iinuir
-
s
'.
40"i
85 ft
107ft
!'
00
73 ft
13 - ft
21ft ft
07 1
44
30ft
Hi J. u
23ft- 1 '!:. WW '.
ai. ifuriiii. ..,.', v." . ;,,; ,,.
"r. , lllirni.t .Meters 01 inuisnii i.,ti
4 .. Oearges Cliithes Hk
14 .. t'h-n Atilei- Coul
!7 tntil l tu 'UncHiyenr lire -,'
123ft 123ft 1 .enblwui Pictures 4 '4
00 00 ft Iteiltn Chem 10
e ' e - inter .. ity;r, u
eitTiJ. li i..iiin.-" ." ; V."
"t- 70 i. nrein .Miners a...
tiirelneli'le
N J Zinc
Ner Am-r Paper
I'hllln Merris
Hnuttiwn C I ....
f K I. A It ...... .
fnlieil Pre. it Sharing
I'lilleil ltd I'umly .
Warren llms
Vane Ceal
HTANDAItl) OILS
: "J
10
121
HVi
li'J
s
2m;
i-j
1:R0
P. M.
IS
no
10
121
0'.'
t)l
8
2.V4
12
ii !
4'd
n r.
7
'A
n
y
ft
l'4
ft
14
200
200
1400
2100
203
4000
400
23W
100
200
200
(400
2800
100
200
300
13000
100
1200
2000
700
3300
1200
200
5110 t
310
100
7 1 110
2100
100
100
000
1000
2100
100
30 ft
23 ft
3" ft
23 ft
30
70ft
30 ft
18ft
40
03
.. Senrs-Reeliuclc
.. Seneca Cep Cerp..,.,
.74 Shell Transport
. . S nclnlr Oil
. . Sless-Sbeffleld
0 Southern Pacific
. . Se Perte Rice Sugar.
.. Southern Rail
. . Southern Railway pf
4 Standard Oil of Calif
0 Standard Oil of N J.. 186
7 Htanu oil of N J pr. .. 113ft
2 Stewart Warner Secd 23
.. Stromberg Cerh 33
7 Studebaker 82
7 Studebaker pf 103
1 Submnrlne Beat Cerp. 4ft
. . superior oil Cerp. . .
.. Tcnn Cep & Chcm....
'8 Texas Ce
2.80 Texas O Sul
.. Texas ft Pacific
1 Texns A Pnc C ft O.
.. Third AvetiU"
. Tel St L ft Went ctfB
A Tobacco Products . . ,
. , Transcen Oil
4 Transue Wm Steel. .
10 Underwood Typewriter 1.10
8 Union Hag ft Paper.. 71ft
. , Union Oil 20 ft
VA ltilsn flttnlflA till t
U L,lll"ll 5 V.IIIU .., .
8ft
10
47
34 ft
23
30 ft
18
13
01ft
lift
.12
United Alley Steel.
1U0 3.30 United Drug 1st pf.
14
1
1
14
1
2100
100
4700
800
1400
030
11,100
1300
1500
100
4000
3800
100
tee
,1un
200
200
coo
000
200
HOD
300
300
2103
400
100
100
2100
200
100
A United Fruit
. . United Rwy Invest...
0 United Retnll Stores..
..US Feed Products...
. . US Ind Alcohol
. . U H Realty ft Imp...
..Us Rubber
A U S Rubber 1st pf . . ,
0 U S Steel
7 U S Steel pf
1 Utah Copper
, . Vanadium Cerp
.. Vn-Car Chemical
, , Va-Car Chemical pf . ,
. . Vlvadeu Ine
. . Wabash pf A ,
. . West Maryland 2d pf
. . Western Pacific
. . Wheeling ft I. U
. Wheeling A I. K pf..
4 White Moter
.. White Oil Cerp.
78 ft
41ft
178ft
7
51ft
lift
40
(lift
37
1011 ft
84
113
Olift
.32ft
20ft
7
7
20
1.114
18
7
12 ft
40 ft
lift
Wick Spi-nc Htepl Cern ItiK
w e,,u i ,. .... , . :-
XV ll.vs-i)erland
. . Wlllyfl-Ow-rlnnd pf
7 Wilten ft Ce pf. ,.
. . Wisconsin Central
4 WortliliiHten Pump
0 Werth Pump pf 11,
28 Wright Aeie
i:t-UIMilenl,
I, ft
30 ft
Oil ft
28
41
no
ft
20ft
00
12
47
80
82 ft
12 ft
32 ft
10
58 ft
10ft
20
32 ft
32 ft
14ft
33 ft
13ft
72 ft
05
70
05 ft
15ft
32
30
100ft
20
30 ft
03 ft
15
71ft
43 ft .
28
33 ft
8
31
31
31ft
32 ft
:i
30 ft
23
30
72 ft
38
70 ft
30 ft
18 ft
irft
02 ft
188
113ft
23
33
80 ft
103 "
4
'H
10 ft
47 ft
34
23
20ft
13 ft
13
no ft
it
.12
130
70
1S
123
28 ft
44 ft
177
7
50 ft
II
If. ft
lid ft
4ft
0ft
83
113
01
31ft
2ft
70 ft
7
20 ft
15
18
Oft
12ft
33ft
Hli
10
6
30 ft
110 ft
28
40
(ID
0ft
07 .
13 -48
87 -52ft
12ft .
33
11 -r
St
11
33 ft
1.1ft 73
05
70ft
ft
32 ft-30-
107
2
30ft
03 ft
15 4
72ft 43ft
28 4
83 8ft
82 -21ft
21ft
32ft
.1
80 ft
23 33 -33
-.10
7Hft
30 ft
18 ft
40
1
1
ft
ft
ft
l
. . en
. .I'M
'.'. Vi
. . t1(.
..loe
.. i
. . :.H
:: "?&
0H
1
3
Anxln.Amvr CHI
Aliunde l.nle .
Imperial Oil .
imienit uu
Ohie till
('uiiilivrland V t. . .
HtntM Oil uf Ind
Htnml Oil of N Y
INDlU'l'.NDLNT OILS
14
14
'
lft
Si Amer Fuel
, AIIU-il Oil
Atlantic Pet
ft . Arkiinmii Nut (las ....
I 1 II K Inillnh
I M limine oil
' ;i linMun Wyumlnit
ft Ilrltlmi American
Ciirlb FMiil
I flues Herv (old) ex llv.
I'll Ferv -ji- cus ex u v
IK.
. . ""
, ,'Jiil
..113
. . IMI'i
. .313
00
12J
n'l
it
87
Pi
r,
lVi
21s
113
40H
270
115
VII
371
12
44
On
7
i.
no
"5
nU
114 !
nil
11
Trtatury BwlUlrtl, WdiMnpen
NEW ISSUES
United States Treasury
SixMenth Certificates .
4
dated December 15th, 1921 due June 15th, 1922
One Year Certificates
4Vz
dated Dec 15th, 1921 due Dec. 15th, 1922
WE INVITE SUBSCRIPTIONS TO DOTH
1 ISSUES SUBJECT TO ALLOTMENT-
Price 100 and accrued interest
Commercial Trust
Company
Member Federal Reserve Sy6tcm
City Hall Square
SPRUCE 8200
114 I
-Ol'i
270
113 I
VI1
375
no
a
10'm
:ii
j 7
711
01
4V4
!0
8Vt
no
i
lllV 10
HI HI
no
3
4.14
14 1 L'ltlm Hfrilce prcf ex illr. 0hV4
li Cnntlni-ntnl net -I
w
ft
'ft
14
:
14
"l4
Cn-nU- y. nil
1'UKiilnit Pet
lMintmitH Oil
l;il HiiHln IVt
1.
714
ni'
Knirlt.s.!,r.s l'L'lrni ....
rtdi-rill Oil 1
(llllllund Oil I'4
lllenriKk Oil ,
1iiit!mI Oil II
Ini lVtrul IH
Kcynluiie HniiKcr 811
I.juiik Pet ill
.Vnrnrnlliu Oil 2.V.
.MarKuj Oil a
Mountain 1'reiiucIH 1(1
.North Amer Oil , 1
Nurtnwem OH I .111
Omar Oil 74
Halt Creek Pred 14
ft Hlmmii Pet 1114
1 I ni;e ey 1.111 .1,
1 7 Hnuthern 1 k It :.'4
Texnn nil
Vletnrln Oil nuw lis
Wlliex Oil m;
V Ol i.7
ft
ft
V
'
27
70
31
4V4
21m
j 3
3M
4
l
3n
f.I-If.
4'4
l"ni
II
m
Xll
ni
J3
li!j4
1I4
20
71;
14
ll'i
r.s
.'.
IIS
lis
3
03 lft
188 ft- ft
113ft
23
33
81
103
I
47
34-
23
20
15 ft
15 -
01 ft -
114
.12
130
71
20 -
173- 1
23 ft
44 ft
177
7
30
00 ft
80ft f
0ft
83 ft
113
'8
32 ft
20 ft 4-70-7
2ft- ft
13 - ft
18ft I- 1
0- ft
13ft- 2
40ft
lift- ft
1 - ft
llft ft
30 ft f. ft
'A
Vi
ft
"ft
14
14
'lft
14
MININH
DlK Li-line l!il
ItiiMlnii & Miintanik Ml
Camilla Copner 10
Canilelarlii .Mlnli.v "4
Ciiiiir Cans en 1H
(.unit Cep .Mine I
Ciiitix Hitler M
( 'n men Until -j
Cipi!!-nt .MnrS'aniaru .... 7
UiivIh n.ily CepHr il'
HI Sallailer H
Ilurehn C'rm'DUH vii
Kl.irenre Killer ill
I'lmt Nut Cepin-r Ml
(Inliltleld l-'lorence 1's
iiaru nneii
llarmlll Olvlilu
!limi Seunil
Krrr I..ike
I.a llene Allnlnit
.MiiKina Ciiiei
Inih'lieliill'M Lead . . ,
Mether lnle L'lt
Natlenul 'V'tr
NeimlH Optilr
Nxtiitla Hilier Hern .
.S'IIiIbiIiiij
Mc Mcx Arlx I.ard
I'ltlfi Ml PhiiKla
Itny lletculen
Tnnnpah Divide ....
Tiimipah Kxteunlnn ..
Tnnupnh Mlnlnn
Tuiilumnt-
t'nlty Held
W.-xt Ululi
Trln'ty
L'il
K7
in
i.'l
1'4
1.
HH
i'H
11
7
V
20
hO
JS
-,e
ai
m
:e8
r.'cw
4
iv
H
A.1
7 '.4
51
IN
4'A
le,
li
10s.
Nil
111
L'.'.'l I
A
10 Ji
lft
28
VI
II
11.
.11
OS
UK
3'i
I'll
20
h7
III
2:1
Hi.
1-.
sa
J4
I)
ll'i
L'H
'.'II
HI)
.'8
We Own and Offer
$700,000
Commonwealth of
Pennsylvania
Series "B"
Thirty Year 5 Bends
Dated AugtiHt 2, 1921
Due August 2, 1051
IIONDS
14 i Allied Packer On
ft i Allied I'.icKer ttr
u. i Aliiinlnum "n, 1113:1
M M i'3
17 17 17
jN, a4 as
a as as
nr. sj a.-.
211'i 23V4 20
7. 7 1
r nw r.4
n."i r.4 r,4
41 411 III
a. a a
0T4 lift in,
i'i l'J i
i.'7 27 27
IS IK s
37 Ail , :,7
l'i I'i m
IN IV? l
17 (17 07
3 3 3
17 17 17
-4 a'i :ih
47 47 47
4lVi lll'i 404
ma ma ma
Principal and Semi-annual interest (February 2d and
August 2d) payable at tbe Philadelphia National Bank,
Fiscal Agent of the Commonwealth of Pennsylvania.
Coupon and Registered Bends interchangeable.
Free from the Personal Property Tax imposed by the
State of Pennsylvania. ,
Exempt from all Federal Income Taxes under existing
laws.
Legal investment for Savings Banks and Trust Funds
in Pennsylvania, New Yerk, New Jersey, Massachusetts,
Connecticut and ether States.
Price te yield 4.15
Cassatt & Ce. J. S. Bache & Ce.
42 Broadway,
New Yerk
Commercial Trust Bldg.
Alntr Tell 7 11)22.
, .Mllfr Tel (In 11122. .
ft AnHfiiniln (la
Ti ' Dili nmlitll Nn
Te Hemer llnant Nh
llilh Hteel 7a. 11123 lljlIU 1((U mnU
: h?"""" iipii-j iiiii'i inn'
y rn ,-ieei nj, HI
lel urapli ha 1311
14
...llll'i 101S lill'.
...Willi 1IUIV4 liin'i
... 07'. Ii7'4 H7'
... in1 tisi; tmij
ni' mi 1111
1 'upper Kxtiert d, 1021. . .11124
a 'A
uft .ft , PMIn Ce ilx
I'ulian Tel 7'4
(liiiidrlch Tire 7
(lriiml Trunk (14 a ..
(lulf Oil 7
llunilile oil 7 . ...
Ki niifinit 7
I.lhbi .r. .Will 7a . .
N Y Cltv V, , )i7t
N V N II A II 4a
(Iri'Kiin H 1. An
(ilia Miecl Nb
28
40
00
0ft r
'Mill KI. lla
I'I lllppln. A'ia
.Hi:
. HS'i
.t"2'4
,W2i
.Ulil'i
.101
. tiUS
.ini
. 07
. i)S
. mi
lull inn
I'llL I'll.
1124 I1124
Hi24 wa'i
lii2(i li)2'i
mii'i
mi
ll!l
WIS
HIS
liil'i
mi
l)3 11.14
IlKI'l 1IIIK1
ma 111..H
!.-.
inu'l
Kit
lilii
10.1
DOS
llll'i
uu
IM4
1110'.
. . in.iu
P1.I1 f-ri N J 7 iinU tiKS iimh
H irH-ltu'-liui k 7n, 11123. iti4 IM14 mil,
ShnwHhu-n 7n 111JW 111.' Hi'.-i,
i-iiulliern Hi i:H npU pun ()1il
Hmithwent Hell 7a . . lne'J me'li Hin'i
NEW YORK COFFEE MARKET
Nrw Ynrlt. le 1."i. Tlie Im nl f
fn,. fiit.in.M iiinrliet ftllliil tn resiiiii In
the ftretiRtli in Hrn;ll nt the eih-iiIhk
tmhl. Ix'ltiS llllllieneeil li xpiiinl .11
lileH fre'n Sntitc. The itifirket nieiiei
Hit'i Hi44 Idl'i
1111 1IM III4S
10 t.. 1 J iHilnf8 Inwer thlH mmiiltiK, uiili i Tet.tlnii tJulf ItH',
I'- -Penna. Water & Pr. 5s, 1940
tv c. . . a . D:r: e. in a a l!
iUttCi MIWC, ix I uuiuii jj, I7if i
Jfiltcd Gn Imp. Oa, 1VZJ
fttcgheny-PUts. Ceal 8s, 1 94
mpire Kcr. ba, ivz
;htrnl vt. mvya. js, ivju
vUbatnn Power 6s, 195 I
iibtic Service N. J. 7s, 1 94 1
WW
r I
B M.M
HgWnCQ
vt Phu!itltha alcth Kxehttng
TUVe HWg Phila., l'.
COTTON MARKET
New Ynrlt, Dee 1" At the npenlns
f tlie eiittmi market tmlii) Ileeeinlier
v.1 Ti puitith lilttlier iiinl ether mouths
were ,'t In 7 points- loner Owiiii; te
ileiireHHlnii III Inte eulileH there mim e.n.
lilernlile hellltift, lcil hy W'nll Klreet.
the Seuth nii'l ulre Iieiisih. I-'tii iiirii-i h
were the chief liieern. Kvi-llt iltllly tlie
lUt werkeil off n little further uinler
liK'iil pressure, nml nt the enil of the Mnrrh
flru, lirtitf.,, iiilrintf.s v. n m ili,. ii ,il..... .-i"?
(,infc ,i,,'., ........ ' ' ...... ."...,. a,,... ii,
peltils.
Heeeltit-i nt the ports for tlie ilin
were estimated nt 1-1,000 hales nj-nliist
'! :i'.l" Imles n weeU iike, US.l.'U ImIi-h
n jenr nR( uml ,'t.",70i) Imles two jenrs
nRi'.
I'rrv rieae i)pnlnir 1 1. ,,
. . II i 17 TTi
17 4K 17 42
. . 17. 4K 17 4..
17.28 17.22
. ... HI."" HI.M
.... 18.30 16.25
s,.ntl,,ri.l lflllV- 1 llllll'lltlll't oil S
i nlil'-s repertlns itecllne of ...O t. .iU i
H'Ik nt tfntiles, while Ule n-ti nperteil
us ,7ri rd8 lower t' 100 i''l liiphet-.
llr.-ixil - recdit seimiitlemtl ml imc-t-- nn
In 'Viiil te linve enrrli-il pi lees entinl
I.- lufh, nml it l8 t','" repciteil tlmt
slip nive heen tilhen t" ehei k s,,,.,
w;hl speeiilntidi there.
Ai-mml mlildny 1"' "inrltet wim ort
from Itiitlnl IlKHreH. hut the triiillni;
hu-keil Slllip. Millie lilcnl interests loeklllK
for il Millet lillHlni'Hi until lifter tlie hull
ilnis when Itl-eetlt filtlireK liilVe heen
preilieteil ii)" close fellnwerH of mnrket
IllllllltlOtltl.
14 1
Ml
1,1
' .,, . . .. . . . ' i-Muim -ni . Y tc. ill
nwwm tn tm. ., Htnn.l en N y 7n. !(.
I rniuAunu'tiii sruLK. MARKET , SU.VV Yi T,,2-.".'r.. :::!!i;2 !!!;;; U
. 7'f',,J! .!'" "I Iimii Wii'i inn'"
.is v, . , ,- ,- .,, I "'I r.'iia'in th let lnn-J -031
Hiuh i.ew v. m. We I .,':!'" ,!"1'-- '' " .'i'i Mi VH' iKT'uuc.' Tb; !a"J- ""! "MIS
ime Am HI..F.. uhu. ms vvl.i'i:i JIlH ( .... II inn' .m.i'T if . ) ll'iyi.nii 7Wm ... HM4 in 4 mi'.
..w., tun i.,..i.i.. .in .- .... ..1 r n I .. " ' 1 'IIF'TI Aj Vuillllin llll Ty 101 ,.m ." ..
llt:),:t'i -.V' 'I" I'H'f-. f'0'.. .ril)l'L, ,-,l(,4. Wllnin 74a . iinv 1,11-4 ,',-,
, 'I'J lei'll llwy !)!, 'JI, ):,, " Intlienter 74 1(104 luu'i 111114
l ..,,N"' h'nii.' iniide liy mturienn vii'hi.il "
i I 11 1 1 u n rv l iv vnri u 1 - - l. t.....
-..... - inni-tiiiHiiun I
Us." 1I0 1st pf.llll'Ti 11-1
I)f 1 eraler
Jul
Tent eleae
H HHlfdll
8 2f,i s.1
a 70r 73
H 72J7.'i
n.lftnf I-,
H.727I
1 lllinn
h.,1H1ir,ll
Mill,
Ml te
:i.-i
11.-.
nite
in
(IS
:m,.
nipt
.1.1 . .
n.i 1
l(i.'V, 7;
1!)
0 ..
7 ii
U.-itlliilil Loce IMIte
.ill I trill .1 II
.'iii'erii I'reil II,"
DOtltChile Cep. lil'l',
."ititr Misti1 111
.'."tfriicihle.. lis
.'llHltfu C Kiik 7
7!l F.lec Hter.lLM'i VVt 121 - '!.
I'JOtKrle .... Wj. Kl'l 10'A-f 1;
WltKiim I'lnj 7ll!), 7-1 TViV
."Hlrii Asph US- (N''a 0S.ys. :i( (
'.'(HI (iiHiiljenr 1
Huhlier pf 'J7'i li7-j 117 ";, . .
Witllniitn till MVi MV. M'i l'a
Km hanne
. I'mi.-IIIXHIIA HtlMiM
11.10 I.lliert liil -1 VI H '. UU HO
IOO I.iherty Hil -"fts 'L'N.. l7'ne
1L'I8 l.lliertj .'Id -i',s 'US.. Ieta Dk'ki
llMIHl.llM.rt-- .'LI -P,s 'os. '
10000 Uhcrty Ith 4,s '.'is... 17' an
100 I.iherty -Ith IV.h ;i.S.. 17 "
" l.lliertj -Itll -Ifts ' S .Int- 7 :t,s
1000 I.iherty -Ith ;,. '.is... il:!.
FOREIGN EXCHANGE
New nru Pee. lf. The fereiRn ex
I'hniiK' mnrket opened witli irrecuhir
ehiuiKi's from yeslerdnj 'm limit (Inures,
Stirliiic minle n niti of ; cent. KUlhiers
nmi Miei'Kimim uere up 111 iinliits mid
lire were iiiiemiiiseii. .MnrhH were 1!
pnititH lower.
NtcrlitiK wns
Allegheny Pittsburgh Ceal Ce.
Guaranteed Mtge. 8rr Geld Bends,
Due Sept. 15, 1941
Guaranteed principal and interest by endorsement by
Vest penn power company
Fre of Nermal Federal Income Tax Net in Excei of 2
Free of the Pennsylvania Four Mill Tax
The averaue earning! of the WEST PENN POWER COM
PANY for the five years ended December 31, 1920, availabU
for the guarantee of these bends, were about $lfl27,000, or erer
C times the maximum annual interest and sinking fund requir
menti. Fer the twelve months ended August 31, 1921, eafnin
available for the guarantee were $1,945,038 or ever 11 time
the maximum annual interest and sinking fund requirement!.
Price te Yield 7.65
A. B. Leach & Ce., Inc.
Investment Securities
115 Seuth Fourth Street, Philadelphia
lti-ll l.iimlnird ll'.'37
lire were iiiiehiuis
Shortly lifter middny
.'ItntHi VI, .i.,-.. an-.- Shi ,': .'A:.'X7. (Hinted nt -i.-O for ciililes. nml 4.1IHA
;..:.""' ..)" .. miH.nni.H' r... .-..,,...,..1 I. 1.1.... ..,:.;-
..... nr. "' ' "' . , lllliri" ,-r- rt.lllt.
Dcninls-r
Junuary .
Jin in ..
Muy
July
Dcliiler .,
100 hi-ait. Htemlv,
at
LIVE9TOCK QUOTATIONS
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17 14 ,Tnp. 113,
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BANK CLEARINGS
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fTii'en'llnic d .iv lst two rnr.
l!)2l ItiL'n Kim
I'luln ..173,000.(1(10 tlll.lllC.4iX) $(l,-i. bin 1 0,1
N. y. 768, aiie.iinii 1. (uu,. nm His u3ti,nii(i,A4n
Prices Firm en Paris Bourse
rnru, iwe. id. i'rire Wcre (rm n ll0
i"'1'"" i"uir. .1017 jwr i-eni lentea, r,l
finnc-i 2.1 1 rentlmm fxelmnife 1111 l,unilrn, Bl
i i" '" -"nnm-ii n liar cent lean.
Ilnixll, ia. rents; ArKcntlne, ,'ia.OS
t'lille. 11 centN.
DrmiinJ
t'alilcn
TODAY'M OfKNINO QtOTATION8
mr ing Krani. I.lre (lull.l-rn
1 H I V i-'S-'C :') (e
.tV4
8,11
1. 01
311.43
MONEY-LENDINQ RATES I
NI'.W VOtlK .Meni-v nn -nil l..ih .1
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'3 i 1. nitlriif unit rennulnir '
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Te the Helders of
ISLAND OIL & TRANSPORT CORPORATION
Temporary 8 and Participating Secured Geld Nete-
Due June 15, 1926
Netice is hereby given that Definitive Notes are new
ready for delivery upon surrender of the Temporary ,
Notes at the office of The New Yerk Trust Company,
Trustee, 100 Broadway, New Yerk.
The December IS, 1921, semi-annual Interest pay
ment en the Notes will be increased by the further
sum calculated at the rate of $0.25 In respect of. each
i,uuu par vaiue et Notes, repreBcntintr tlie pre rata
shore of the Participating Payment distributable en
31, 1921.
this date, said payment being babed en sales of oil
during the period of four months ended October
ISLAND OIL & TRANSPORT CORPORATION,
Lloyd Robinson, Secretary,
55 Liberty St., New Yerk.
Dec. 15, 1921,
s.
.
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