22
EVENING PUBLIC LEDGER PHIL ADELrni A, WEDNESDAY, DECEMBER 21, 192ft
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1 "70- Washington
Railroad & Navigation
Company
First f Kefwullng J'c GeM Mmf,
Due Jnnunrv 1. tlifll
A strictly high-grade bend
of this important read
guaranteed by the Union
Pacific Railroad Company.
Price te yield about
D.40cc
t National City Company
Philadelphia 1421 Chretnut St.
Atlantic City Chnlfentt Bleck
1225 Boardwalk
TREND OF MARKET l new yerk stock exchange transactions 1 1 MELTING PRICES
I s ........ UK
In $
IS
REACTIONARY
Prices Slip Back as Selling
Pressure for Beth Ac- I
counts Increased I
H
:ainnRn::i:r.:i:in:i:::rii
Seasoned
Copper
Stocks
apparently are being accu
mulated en a rising price
scale.
All signs point te resump
tion of operations by the
big producers within the
next few months and with
that development in pros
pect the present stock mar
ket activity may have much
further te go.
We have prepared an
exhaustive analysis of the
cc-pper situation. Copy will
be sent free upon request
for Circular p L-3e.
DinRLE54lCuiRKSON&&
66 BROADWAY NEW YORK
TEL:OOWU.HO GREEM 4020-26
Bniu:::iii::::a:ii;i:i::
i;n.HK::::!:::iii:::i.i:;iin;::
New Ynrlc, I)pp. M Tednv's steek
market devplnped n definite reaction ir
'endetipv inn thpic wns n slipping bark
'ii p lee prettv well throughout thp
whole 1 i t TIhti' was every indi
latitm of eensider.iblp iirnflt-taKlnc. net
nh In Hi.- .fepk division, but in tlip
liml department ns well. About the
"tilv diippt bearish Intlnrnrp wits sup
'1Ip(1 In thp ll ppr ppih opening rate for
nil nnmev. tin liiuhe-t initinl rite sinee
tigns, which suggested n possible flurr
In thp course of tin (lav. Pressure,
however, became n(ip irrrtt before menev
"ites w prp wtM ami nuiiir of thp re-
put active speculative specialties were
found very viilnpriible
Thp chnrnetpr of thp trading wits v!r
t isilK itnchangpd fiin tin operations
iMidiirti'il within thp last week or !.
llelidiv infltiPiii ps wert strenglv tin -
' inter! nnd ilirpitly rcflprtcil in tin
ftirtlipr eoutrnrtlen of tlip cle.illiis-.
whiili became ineri nnticpnble eji tlir
'" lines and which in turn indicated
' ttl" rpal selling, ethpr tlian that
originating from thp fnniillar evening
nii operations of thp profp"Menal con
tingent Tlip rp.iPtinnl-.ts. of course v ere
irempt te spIip upon tin sagging tPn-
Ipiipj of tlip list and Increased activities
bv the profpsslennl bear niceiiiitid for
a hrgp sharp of the dpeliups t the
same timp. with thp peel netlvitlPH sus
vndptl for thp timp being, the market
for a number of spcplnltles wit found
te be pr thin. Attempt was made te
minternet thp reactionary mevement bj
nushlng up the equipments en reports
"f the phielng of further equipment or
ders bv tin largpr rallwn.v v stems The
urrent, however, was running ten
Tens te be checked by the Individual
Icuonstrntien and the effort was een
ilmndenpd nnd the market allowed te
test en its own resources.
Oils, equipments, steels- and motor metor moter
ir.ioted 1 te 4 points during the morn
ing. Weakest fe.itures were Lima Loci
motive. American Cnr preferred, Cm-
lhle Steel. Stnnilard OH of New .Ter--p..
Mexican. Pan-American and Cali
fornia Petroleum. licnenil Asphalt nnd
llmisten .mil l'.icilir Oib Sugars g.ive
way en the new low price for the re
lined product and coppers developed
heaviness with chemicals and rubbers
Hails followed their sluggish course at
nominal chances.
Commodity Markets
Republic of Belivia
External Serial Geld Lean
Maturing semi-annually te
December 1, 1934. An ex
ternal obligation of Belivia
secured by first lien en rev
enues in excess of the
amount required for pay
ment of principal and interest
in any one year. Belivia,
which is the third largest
country in Seuth America,
has a strong credit stand
ing both in the United
States and in Europe. Its
internal and external debt
per capita is lower than
that of any ether important
country in the world. Bends
are offered at prices accord
ing te maturity.
Te yield 8.250
Write for clicnlar
Hemphill, Noyes C& Ce.
Member New Yerk Stock Etchmnie
Franklin Bk. Bldg., Philadelphia
New Veric EcsUen Scranlnn
iyracute Bsltimers
GRAIN MARKET
CltleaEO, Pec. 'Jl. Wheat started
'(,( lewir for December; O lower te
'4C higher for Mux and unchaiiKcd te
m lower for .Tulj. Seme commission
house biulng devcleptd lifter the open epen
lne and the market strenptheneil. but
met with lupriMspil lecnl Mlling en th
upturn. The .ish market w.is steady
for choice and easy for low grades. De
liveries en Dis'ember contracts here this
nternin?. '-'N'.OOO bushele.
Cern htarted unclianKed te .., lower
with shorts and cattecd tommNsien
house buvinc.
Oats started 'e lower for December
mil ste.id.v for Ma . Trade was slew
and featureless.
COTTON MARKET I
New Yerk, Dec. '.Jl. The switching,
of accounts from near te distant months
was n feature of the cotton market this
I morning. First prices were 1 te (
I points lower owing te selling bv spot ,
I nnd Southern houses. Th" offerings
were partly absorbed bj Wall .Sti'et
and Jupnnexe intere ts. Three netins
weie issued. A steady tone prevailed
I after tin start and the list was enlj
I about 2 te .'1 points net lower.
1 Receipts at the ports for the day arc
ejt'mated at JO. OHO bales against J.'.llVl
I bales a wnk age, r-.O'le bibs a earl
age and 30,)Tn b-iles two ears nge.
Ycxt. ToeAy'o
le p ii'im iu isinn 1
is .iu
I
Buffalo Albany S:
I cflmb
Junuur
Ntarch
May .
July
Ottebir
is .',0
is .M
is lit
17 71
17 2
Hl.OU
1 H J'J
is fis
17 ti7
17 J'l
lu 'ihQ "i7
IS u 1
17.:is
E. H. Rollins & Sens
Founded lH7fi
Investment Bends
1421 Che.tnut St., Philadelphia
I'lienp S)r,M(, -jtfyv
Bosten Sru-Yerk Wlkci.!arr'
Baltimore Chicago San Frnnnace
PENN PUBLIC SERVICE
CORPORATION
Ten Year 6"c Celd Bends
96 and interest yielding
6.65
c
Dunns the past five years areis earn
ings of this company have Increased
ever 21. times and net earnings ever
2 times with averag- annual in
creases of ever 31 in gross and
ever 35 in net
Net earnings are ne.v ever twice the
annual Interest requirement en the
entire outstanding funded debt
Free of the Present Pennsylvania
Feur-MiU Tax
Descnpiire Ciri-ular I 1I ev rfquf,it
NEW YORK COFFEE MARKET
New Yerk, Dee. 21 After tiie firmer
dse of the mrkct here e-terda. both 1
Sante- and Hi" recovered, nnd tliin
morning come fiO te 100 rels higher en
Itle and -."0 te (."() reis higher for San- 1
tes. Hull .support this meriiing brought
alviut u firm opening, with prlies 0 te 7
points litgher.
Hull support continued te be the fac
tor during the forenoon, prices work
ing 17 te IS points net higher, with an
s.eS bhl for December nt 12 o'clock.
The bulk of deliverable coffee Is new
(enceiitrnteil in practically one owner-1
ship, and this, coupled with the fact
there is considerable Suntes coffees
hedged against March and an inprea-ing
short interpst in the upw crop months, ,
tPiids te check aggressive selling pros- 1
sure, filtlieugli tnere nre niwavs tuese
weak Ungs wlie -eem willing te take
small profits and the market, still be
ing rather nnrrew , eine temporary set
bueki might reasonable be epected
Vrv 'lei ( p. n
D.ti-mVr ... . Hrt?)rtl s 'i0
M.irch si.?ffili s rsC7s
May s-nJ'.J 8,17-ji
July .. . nWtVi s 17J8
lE
m
We Own and Offer
Phils. Suburbin Gas & Electric
Si 1960
Luzerne Ce. Gis & Electric
Ss 1948
Ileth nre tux eirmut in I'rnn i.
.nut free from the nermul
frilrrul Inremr tux.
I'rUe te yield eier C
WlDINIR BLt,PHIUDtUMIA
NHBibrAStvcAExtbrntm
KIM rOW SUXSMTM. HJ
DIVIDENDS DECLARED
rhel-I"iie f'einpm iuarifn $t ps--able
JanuAT 3 te mock of rtcerd IJectrn
ber 3
N'Atlenil Fuel ClaM rempany npe'i (
jhre payable H"nilr 30 in Third and
Fourth Liberty Lean 4i pr n nt bends
bast up'jn tl elr nnrl.ct value plus aef ruu
lnteret Iepembr HI, I9.t and In c.mh.
11 crlm MIIIb iujrirly a p r cent en both
common and prefrr d piy,ibl Decembur
31 te stock of rer rd Deremlter -
Otis Klevatnr Company quarterly 2 per
cent en common and 1 H pr rrnt en pr
frrrd. both pavabln January Id te uteck of
rteerd IW mber 31
Wflsbich funriiani. ' ml-nnnu.il V$ per
rt-nt en preferred piyhlp D rmb'T 31 te
stock of record I.eccnbT L'3
Silet
.n.-no
inae
(190
1.1410
una
OOfl
211
tee
tee
tee
1700
tee
.110
100
200
1000
tee
tee
ine
.100
2100
210
1100
1.100
4 01
300
400
12)0
1201
2010
1100
tee
flOO
101
100
linn
tei
(tee
100
7100
2000
1100
son
201
2000
eOO
.100
400
300
100
0310
100
400
301
101
700
200
200
noe
100
tee
100
sei
noe
1000
1000
400
1000
200
3000
tee
210
1AKI
100
900
100
700
2210
1200
200
100
3010
2S00
1700
310
400
100
100
2400
me
.1)0
2310
200
100
2030
2310
100
2210
tee
100
409
2.100
me
103
11-00
aoeo
1300
200
700
1000
4C00
200
2300
30
100
200
1301
300
poe
liflO
200
0(09
801
3)0
noe
Ufioeo
H 700
2400
S00
2700
1100
500
100
100
1400
eOO
200
3290
noe
S00
400
200
1000
1300
300
100
300
300
1700
200
200
700
2100
200
14000
.12H
. 14
. 42 Vi
. !H
. 33K
.tOlVi
. H;
. "H
. 44ii
. nr, im
. eOM
. HI
. 32
. n M
.114H
.121
. MT'a
MM
Sfl'4
00 H
33
Illph
All nilbber W
.. Alaska Held Mine .. U
Alaska Juneau O M.. H
4 Allied Chcm & Dye- fiW
4 Allls. Chalmers 3'S
.. Am Agrle Them . ... WW
.. Am Auric Chem pf .. ASH
.. Am Iloieh Magneto.. 34V4
4 Am II Shee Fdy new.. "3yi
7 Am t! Shee p pf new. 001,
. . Am Can 33 Vi
7 Am Can pf i
12 Am Car & IMv 14
7 Am Cnr & IMy pf 11114
.. Am Chicle H
.. Am Cotten nil 234
.. Am Cotten OH pf ... 47
. Am nrtiR Syn
7 Am llxprcss
7 Am Ice
. . Am Tnternnt Cerp .
1 Am-I,a Pr.ince i:ng
. . Am lyinseed
n Am Toeemotlvp ...
, . Am S.ifety Hazer . .
.. Am Ship ft Cem ..
. . Am Smelt
1 Am Steel Foundries
. . Am suar Rpf
7 Am Sugar Rpf pf . .
.. Am Sunntrn Teb ..
7 Am Sumatra Teb pf
0 Am Tel ft Tel
12 Am Tobacco n . . . .
0 Am Tobvee pf new
Am Woolen
. . Am Writing Paper nf 27
.. Am 7. nc I-ad ft Smlt "14
.. Am Zinc I-e id ft S pf 31
Anaconda Cnpppr .... 4!i
4 Ae Drv floods . . . 30 Vi
fl Atch Tep ft Sant.i. !. 83U
rt Atch Tep ft S V pf .
7iAtlantle Pout I.lne
.. Atl Oulr ft W I S S
. . Atl Oulf ft W I S S pf 2314
2.00 Atlantic Pet ?A
.. Austin Nicholas ... 10
7 Austin N'lchelns Inc pf l
. Aute Sabs Cerp pf . 14
7 Baldwin Iicometlvo . 97 ?i
7 naldwln Loce pf 104
.. n.iltlmere ft Ohie . . H-l'S
lUIt'merp ft Ohie pf. 35S
.. Harnett Leather 37V5
P,pthlehrm Pttel D.... 5H
.. Beeth Fisheries t,iA
7 Hrlt Hm Steel lt pf. .11, H
Hrlt Hm Steel 2d pf.. tlYt
n Droeklyn Rdlsen .... W
. Prklyn It T ct,fs of dep S
. . nrew n Shet. 13
10 Hums nre: 120 14
7 Push Term pf r 3V4
.. Putte ft Superior Cep lt5i
.. Puttp Copper ft Zinc 5H
.. nuttprlck 33?4
. Cadde Central O ft n 13J'6
6 C.illfernla Packing . . 70
.. Ca'.'fernla Petroleum. 4V
2 Calumet ft Arizona... flnVa
Cat Zinc ft I.d . f 4
10 Cinadlnn PnclfV . 121 t
.. Carsen Hill Mining .. 11
.. Centr.il leather .. 30
.. Central leather pf . . . I.TJ
.. Cerro.de-Pace 34 V,
6 Chandler Meters .... 80
.. Chi ft r. Ill (wl) lSt,4
.. Chi ft K III fwl) pf . 35 Vi
.. Chicago ft fit West.. yi
.. Chi Mil ft St P 1
.. Chi Mil ft St P pf ... 3H,
n Ch! ft Northwestern.. nf'H
7 Chi & Northwest pf..!04!4
.. Cht It I ft Pac 82 H
6 Chi U I ft Pnc 6 pf. 72
7 Chi It I ft Pac 7 pf. B
.. Ch'le Copper 1S4
.. rhino Ceppr 27 H
.. ('lev dn Chi & St L... 6.155
4 Coca-Cela 419j
.. Colerado Fuel ft Iren. 2.V.A
3 Colerado ft Southern.. 39 55
6 Celum C,as ft rice . . . "7
.. Celum Oraphophene. .. 't'-i
. Cel Oraphophene pf. . 1354
4 Cnmput Tab Records. 5.1
.. Consolidated ris Ins.. 1
.. Consolidated Cigar .. 24
7 ConseI'dated Ois 91?4
. Consolidated Textiles. 155
. C0ntlnent.1l Cm ... 47
( Continental Can pf...!00?4
B Cern Products Ref .. ""Hi
.00 Cosden ft Ce 3ia
4 Crucible Steel "
. . Cuban Am Sugar .... 13j
.. Cuban Cnne Sugar... 0JS
.. Cuban Cane Sugar pf. 1"
4 Davisen Chemical .... 53',i
0 Delaware ft Hudsen.. 107
fi D.d Lack ft Western. . ltfcj-i
8 Petrelt i:dlen 0!?0
.. LIU Hern Ceal 17 yt
. . Hmersen-nrantlnir pf 21
.50
4
7
00
rdlcott-.Tehnson .... SO
Iidicott-Jehnjon pf 10.1
Krle If'i
i:rle let pf "'U
V.re 2d pf !" a
rnmeiiH Players L . . 19ci
Famous Players L pf 07
Federal Mln & Smlt pf 3S
Flsk Rubber 124s
Frtf pert Texas H9j
C.isten Wms ft Wig . 's
General Asphalt .... M
C, neral ITIectrle 140
General Meters II
Gen Meters deb 6"",,.. 7.151
Goedrich II F 30
Goedrich R F pf . . 5
Gray D.tvls 13'j
Great Northern pf ... 75 Vz
Gulf Mobile ft Ne- .. 8 14
Gulf Mobile ft Ner pf. 17
Hablrshav V. Cable . 154
H.iskell ft Barker Cor SO
HouBten OH 70,
Hipp Motorcar US
Illinois Central 8S!
Indl.ihenui Ref
Inspiration Cen Cep . 40
Interb Cen Cerp IJi
Int Arlcul Cerp pf . . 33
Int Hnrvester new . . r,"
Int Mer Marine .... 14 84
Ir.t Mt Marine pf . . . (4 ys
Internal Motertruclc. . iny.
Int Motertruck 1st pf. 73
International NlcV.pl.. 1VJ4
International Paper... 51
Inter P.'ler pf tpd . 701
Invincible Oil Cerp . 13H
Lew
1554
87 54
31
29 Vi
fi7H
3414
534
anij
33 yi
04
112W
11 Vz
11
22)4
41
5
121
74
41 H
OH
32
00V4
414
5H
4414
31l
403',
78 M
3154
60VJ
114 54
121
9
sfty,
27
13
31
47J-1
414
f)2t
sr.
00
321,
23
24?4
10
04
11
e.i :a
104
3514
52H
3154
S!4
i4
rtHtf,
2254
OR
41
120
7H
IBM
a 54
3314
12
4iy,
r.i-i
120 54
ll"
3U14
C32
34 ? 5
43 54
13
35H
14
1814
30 54
n 5s
103
32
72
80
15 14
27
55 1 4
40U
2SU
30 54
SO
1314
34 i,i
1
24
93
"Je
47
1005.4
07
37 '4
n.iu
13?4
GW
ISJs
53
10014
117
09i
l73
21
7S?4
10i
1014
in
10 y
78 s;
een
no y
12 H
14?
54
7H
139
1054
524
30
C3
13JJ
73 54
5
17
lis
7'!4
7814
11
esii
3995
Mi
33
S24
14J4
04
28
72
1254
52 5
70
i 30
P M
1814-
H
H
8014
31 -28
54-8714-
3414-
5314
914
-
mw-
11314-
11
2314-
47 -5
121
74
41K-
0H-
33?
8DV4-
414-
6i
4'
3314-
40 y, -70
-
3154-
n54-i
11454-
121
93J4
80tj .
37 -11
-
31 -47
7,
50 -f
10
32 !4-2354-25
-10
-f
04
14 -!-00-
104
1 4
37 li
ft 01, -r,14
-30
V, -r-2254
88 -3
43 -
120 -
8914 4-1954-r
&
334
48-
50 Yi-
OKi
12014 -
li-
3014-
"54-
344-
J4 -
13 -
3514-
14-
3014-
r.6i4-
ic.i -
32 -72
-80
14 -4H5-251-4
-
.int,,-
nn -
.I",
l.ijl
641-i-
1 1
24 -
01 -MJ4-
i; -
100344-0734-
3734-
1.1 H
ei
1.1 W -34
14 -
10054-
118 14-1
17 y-
21 4-
70 -105
-
1014
icu -ie;r,
-705;
i-
0l!i -
3
12K-
14?.
Vt 07 n -
139 -11
73
SO -85
-1314
75 54
5 -17
IJs
7915 7815
1134 4-0814-
34-
39-
114-
33 -83-1414-04
-28
724-12J4-53
-10
-
12 'j ;-
Net
Chue
H
14
2
54
54
154
1H
14
3
14
H
Vi
14
n
V4
114
1
15
1
154
54
54
14
14
H
H
Vi
54
'e
314
n
h
A
Vi
154
i'4
H
li
54
'A
1
'
5i
154
114
54
7h
Te
154
74
14
i
!i
"i
U4
115
ri
,4
1J4
14
154
U
I ,
l'i
ye
'a
- 1
2
14
Sales
1000
B 200
100
1700
1800
4000
7510
100
400
100
OlJO-S
400
.1590
100
000
800
100
300
1000
5000
2200
MOO
' 200
210
2400
700
3100
.100
.100
400
100
100
COO
390
100
100
109
300
100
300
400
1800
100
100
100
3000
1400
100
1400
100
200
1100
tee
1400
200
12000
3200
1000
1300
3100
2300
1600
100
590
000
100
800
tee
tee
600
500
100
1100
239
500
100
1690
100
000
4200
200
100
201
200
1500
100
100
Dlv.
In 5
Island Olt
Jewel Tea
Jenes llres T0.1
Knnsn.1 ft Oulf
Kelly-Rprlngfleld Tire.
Kennecett Copper . . .
Keystone T & n . . . .
Krcge S S
Lnclede uas of St I,
High
2 34
"ii
3GJ4
4354
21
in 14
178
80
Lake Krle ft West pf. 30
Lehigh Valley 57J4
Lima Locomotive
Leewp Ce
Mnrket St Rwy pr pf.
Marlln Oil ,
Math Alkali
Maxwell Class B..,
May Dept Stores 101
Miami Copper 27
Mexican Petroleum ..lll?4
04
"14
37
23!',
22
143,
1.114
27 ft
5 '4
69
254
014
25 '4
1.20 Middle States Cerp.
.. Mldvale Steel
. . Minn ft St Leuis . .
7 Minn St P ft S St Me
.. Me ICnnsnn ft Tcxn3. .
. . Me Knn ft Tex pf . . .
.. Me Knn ft Tex (v )..
. Me Knn ft T (wl)pf.
.. APs.seurl Pacific 173
.. Me-Paclflc pf 40
3 Mentana Power 30J4
7 Mentana Power pf. .. .100
. . Montgomery Ward ... 14
.. National Acme 11 34
7 National Biscuit pf. . lit
.. Nnt Cleak ft Suit. ... 2
Nnt Cleak ft Suit pf 0414
7
0 Nat I'nntn ft St,
. . Nnt R R of Met 2d pf
. . Ne v Cen Copper ....
0 New Yerk Central...
.. New Yerk N II ft H..
7 Norfolk ft Western...
3 North American ctfs..
3 N American pf etf ..
.... North Amer Rights..
7 Northern Pacific . . .
. . Neva Scot in S ft C .
.. Oltln Pred ft Ref...
. . Orpheum Circuit . . .
8 Otis nievater
. . Otis Step
. . Otis Stpel pf
.. Pacific Dpvp Cerp..
B Pacific Ons ft T"ltc .
il Pacific Oil
(I Pan-Amer Petrel . . .
0 Pan-Amer B
,. Penn Seaboard Steel.
2 Pennsylvania R R....
.. Peeples Oai Chicago.
.. Peoria ft Hastcm....
. . Pere Marquette
.50 Phillips Pt
. . Plerce-Arrev Moter .
, . Plerce-Arrevv Met pf .
. Pierce Oil
8 Pierce Oil pf
5 Pitts Ceal
.. "Itts ft West V.i
1.80 Pend Civk Ceal . .
7 Pressed Steel Car pf . .
. . Producers Refiners . .
4 Pub Service of X J. .'
8 Pullman
.. Punta Alegre Sugar.
2 Pure Oil
8 Railway Steel Spring.
.. Ray Cen Copper....
4 Reading
2 Rending 1st pf
2 Reading 2d pf
. . Remington Typewriter
.. Rem Typewriter 2d pf 50
.. Ui public Iren ft Steel 6214
Repub Iren ft Steel pf 143,
38 14
395
145
. 74
. 124
. 97H
. 434
. 31J4
54
. 7914
. 2314
. 2Ji
. 14?s
,12014
. 11
. 45
. 3 34
. 5754
. 486
. 4314
47J,
114
334
62
11 '4
21
T3V5
134
3215
, 13 14
. 73 '4
. 631i
. 23 "J
. 18 '4
. 0215
. 3H0
,0V5
.107 34
. 21
3SJ4
91
15
73H
43
4.13,4
254
Republic Meters
1109 5.20 Royal Dutch X V,
200
100
200
100
100
0100
400
400
100
0100
780
2S00
200
1.00
3100
1000
600
100
1000
6500
100
40(1
200
300
1000
17100
14
St Leuis San Fran. . .
St I.euls Southwest pf
Sunt, 1 CccMlu Sugar..
Sa:;en Moter
Seaboard Air Line...
Sc irs-Rnebuck
Sei.fci Cep i'erp
Sh.itiuck Arizona Cerp
Shell Ti anspert
Sinclair Oil
he Perte R co Sugar..
Seuthi rn Pacific
Seuth rn Rail
Seutln rn R illvvay pf . .
Stand ird Oil of Cal. .
Standard Oil of N J. .
Stand Oil of X J pf.. .
Stewart Warner Spjet
Strembirg Curb
Studi baker
Studebaker pf
Submarine lle.it Cerp.
Superior Oil Cerp. . . .
Ttmter Cern ft F "A"
Tenn Cep ft Chem...
Ti xas Ce
3400 2.50 Tex Pac Gulf & Sul.
54
U
14
1-4
V
M
Ti
10
H
1W
1 1
'si
7100
4100
3100
200
3000
4.10O
700
300
200
200
200 ,
400
400
600
7000
100
200
1200
390
1400
74'9
2500
toeo
2900
800
300
390
1200
. Texns ft Pacific
1 Texas ft Pac C ft O..
0 Tobuece Products
. . Tel St I. ft W ctfa pf .
. . Trancen Oil
.. Union Oil
10 Union Pacific 12U!i
1 Union Tank Car pf .103
7 United Cigar Sterca pfl02J4
.. United Drug 71
.00 United Drug Jst pf... 44a;
8 Unled Fruit 125
.. United Rwy Invest... 014
United Rwy Invest pf 2254
'it
617,
2U
32 '4
l?s
3
50 Je
22J4
h 54
3S3.4
'254
33
80
18?4
854
9415
mj4
111 y-
24
3014
81'2
MJa
4!i)
I
4
10?8
47
30 34
2UJ-5
2!l
Mis
23 li
111-4
lOve
2
Le-v
254
mt
30J4
4214
24
1414
175
60 14
30
6714
02
11
37
23
21
14
107
2014
11314
133
271
8J4
00
154
2?
9
28 V,
175
4R
3914
190
13 Ji
it?4
lit
2-1
6114
31?
35
144
73M
12'4
07 8
43 4
3915
A
7814
2315
!
14T5
120 Vt
11 H
46
655
67 14
40J4
1214
4014
10J4
31
61
ll'i
21
3355
13H
32 Vi
m,4
73 i-s
C3t
2.1 'j
16 94
0214
3054
63
107?4
2S
31
01
15
7294
43
4334
24 14
40
62
B4
75
61 !(,
21?4
32 14
I73
2 3,4
.1
673J
2214
8J4
38 C4
2H5
32 J4
04
11 94
1.154
9214
181
11.115
24
3.114
80 j
0JJa
4
394
10 ia
15 ?4
31
2894
6 United Retail Stoies
. . U H C I P ft Fdy...
..US Feed Products..
..US Ind Alcohol....
..US Realty ft Imp..
..US Rubber
5 U S Stetl
2 Utah Copper
. . Vanadium Cerp ....
. . Va-Car Chemical . . .
. . Va-Car Chemical pf .
. . Vlvadeu Inc
. . Wabash
Wabach pf A
100 2.60 Wclhi Farge Express.
10(1
100
100
600
800
2600
0U0
2300
500
300
200
400
Western Maryland
841,
17
103
3934
OIJa
5354
8494
02;,
3155
28 H
O655
7
G-4
2914
68 54
8 5s
Willi s-Uvurl.ind
. . Willvs-Ovcrland pr
. . Wilsen & Ce
H Woelworib F W .
4 Worthlngten Pump
Kx-dlvldend.
1 30 Net
P, M. Chue
25- 5
"94
-4214-2514-16
-173
-
West Maryland 2d pf 16
Western Pacitle 17'5
Westlngheutc 11 & M 50 ?B
White Moter 38 'j
.White OH Cerp 10J4
Wick Spenc Stiel Cerp lb J,
0
203,4
. 30
. i3i;i
, 4515
5014
. 30
67J4-
03 -
13 -
37
25 -
21 -
149
107
2014
114 -
13 V, .
2754
514-
69 4-
114
254
15 .
254 .
17?4 .
40 -
804
100
13 14 4-
114
114 -
2.1 -
P454
38 94
39 144 -7394-
1215 .
97 'J .
43?4
30J4
54
79 -
2314-
254
14J4-
12054
lt's
45 4-314-0715-4794-12'5-0
Ji
ll -3.154-62
4-
H14
21 -33J4
-135-32
55
4-r.314-2554-1554-0214-f
3114
0.114 4
10734 28
IS
01
15
71 -43
453,4 4-2414-
40
62 -8494-79
51
314
3254-
'-?a
2?
3
59 4-
2255-
8J4
38 94
-73!s-
lf.94
4514-
82 34-
12 -
11314 4-
24 -
3554-
MJ4-
99J0-
4 54 -'
9
54
91
H
H
14
14
e
5
1
14
IN LOCAL MARKET
Trading Was of the Familiar,
Listless, Prc-Helitlay
Type
iiiiiiiijiir.iiWiiwiiirTiiiriiiMff.iCiiiiiiiiiiiiiaiiisiiriii
1
There was almost n BenTnl inelting
of prices in the lecnl market. Nene of
the recessions were Inrgc, but the entlrel
llM t-hewed a .vicldins tendency nnd
losses from iniall fruitions te n point
were reilstcrcd in most of the recent
ncllvc lenders. As In the larger mnr
ket. trading developed n prc-lielldny
nt-pert, an,i (he recent bnlt in Hie for
ward movement undoubtedly induced
quite n few te cash in profits.
The continued free supply of I'ctin
fcylvnnlti Hnllread renuiined one of the
mere iietlcenble feature, of the da '
rpstrleteil d".illiigs. The source of (his
feeding pi mess continues skillfully con cen
fenled. The stock wns fed out con
stantly through (he morning forcing 11
renctien te .Vn. nn overnight less et
.. ... I... ,(,! 1....I. .1 ..I..1.. 1... l.nll.
... ill licinr. J.OP einiMllllie eeinaiH u.r uitin
1 ti It.. !.. ..., AT.. lfn..KllT. nf flinlr
reported Intentions of retiring from the '
uiiiibigeuietit fulled te cither steady tl.e
mnrket for the stnik or step the selling.
I'retit-tnking continued in Klecterle
Storage Hnttery, bringing the (imitation
down te 122. or !" points under the
recent high. I. (J. I. was offered nierr
freply, but thpsp wpre well tnken, with
enl.v n slight friictiennl recession, while ,
the preferreil was decidedly (inn tienr
the top price nt fil. Amcrlcin Stores,
selling ex-dividend nt 1 per 'cent, wns
well sustained nt 804, the preferred
being n point higher nt 117.
Lehigh Valley and Lehigh Navigation
both had a thin market with declines
of 11 lr,(, n point respectively. Small
ftaetlenal declines were sustained b.v
rhilatlelphin Itnpid Transit nnd Tnten
Traction. The Iliilndelphin Hlectrii
issues reiiinined unchanged. Lake Su
perior continued te find support (it 7
KANSAS CITY, MEMPHIS & BIRMINGHAM
Income Mortgage S's 1934
Guaranteed as te Interest by the
Kansas City, Fert Scott & Memphis It. It. Ce.
A Second Lien en 290 miles of track at $30,725
per mile, including the First Closed Mortgage
which underlies it.
PRICE G6-2, TO NET ABOUT 6.70
BATTLES & CO.
Established 1800
Independence Square (East), Philadelphia
irillMilMlWM
19
54
Vi
1
14
14
9
7a
1V4
In
Va
?4
54
94
Philadelphia Stocks
15
1
- 54
- i'a
54
176
- Wa
i!4
54
!4
1U
14
14
H
94
234
54
3. '4
10flAm Stores V,U,
."('. de lstpf.117
KHItA Writ I'a 4
lIOtAMnn ulf .'12'',
15itllnli Loce 11(3
17,"i Hergner &
Hngel pf. 10
1 Cntnwissa
1st pref.. .",4
Kin; Chan Mtrs OT
MltCM & St!' 1!)
LNS nice Ster.1211
lOdtHrie 10 V.
lOtl'nm 1'lay 711
L'O ('en Asph U71.
10 HUlTp pf l.'l "
." In Ce N A :nt
",() Keyst Tel 7V2
40tKe.vst Tire 1."1
OHO I.akp Sup 7
KM) I.eh Nnv... OS
"i I.eh Vel... U71'
10 LpIi Valley .
Trnn pf. 10
1.0 V
HIP'.
IK! Vj
4
:mv,
10
r.4
re
is
V2
iev,
70
07 Vj
1.1
31 ',
7'i
14
t
os
."7Va
10
1:15 Net 1
P. M. rhRP.
Wl'i M,
110 j
4 ..
32.T, it '
l0 'i
10 ..
:i4 14
50 1
1S-
122
IOI4 !,
711 as
74 Th 1
in . .
.'!1V( Vi
TV. ",
R
MniJUE'iiciiiiiirwiii'iiiiiiiiOiiBSiTiiaira
sj; .
I VJ.
IWT fittelS! I Ml
m - -.,.- m 1
I
I
I
I
l.'Vs-IVs
OS -1
r.7ii-i5B
111
Aiding
Business
One of the aims of this
Bank is te aid and stimu
late business. We keep
abreast of changing condi
tions and will keep you
posted. Our officers are
ptlad nt nil times te confer
with you en your business
problems and give you the
benefit of their experience.
lOtM.-x l'et. lir.-C, lir.Vs ll."i,
2001 M Sta Oil l.'t-:.
LMHITMIiIvnle.. 071,
S."i2 I'ennn 11 H .TdiA
.ll riilln Klec 24
SI de pref.. 27
100 I'hila II T
20tSludehal.r
" l'n Trnc.
4.11 T O I....
100 de pref..
."OtVnnnilium
100 AVoedb Oil
10 W .Ter & S
K
SI
3J.y,
40i
r.i v
.11 k.
i.i
27' j
:i:?''s
2:1
27 "i
17
SI
IM-'iJ
40Vt
-1
31 W.
3'.
JJI'N J,H
2714-
.13 Vs V3
si.
27 . .
17 Vs. .
SI
31V, V
iev4 is
nivz..
;;ii;, 1
n".
Natiessa! Ea.nk
In the Center of Th'fys
Opposite Bread Street Station
Organized 1863
"TRADERS
HANDBOOK" tells
The Hew and Why
of many things you
should knew about
stock market trans
actions, Market Terms and
their definitions,
Trading Fractions,
Commission Rates,
Deposit Require
ments, etc.
Copy given en request
Mention stocks en which
you want latest Information
Jenes & Baker
Members 'NewYeTk Curb MarTut
Direct Private Wires
NeirYerlc Chlcire Detten PhllidclpMi
rlt(ibuth Detroit Billlmere Clcrelind
, "TmiDELPHiAeiincE1"
Wldener Building
r-,.t,. BH - - - Locust 4730 I
j Telephones Keyltene . Raceg3iy
I BALTIMORE OFFICE j
1 433 Equitable Building '
Telephene: St. Paul 84Si
Vi 27Vi 27
ni
ti!4
23 5-i
l'9i
lhH
1.394
10.1
"'Je
71
144
1245i
9
IHa
1;
H?8
391,
0055
?
H354
c;
31 ii
"I'a
(it 54
t
OH
30
15
yVi
se
3!5
Wi
10 !4
:a
30
133T4
IS
4 -
1054
tr.jB -
3H4
B(,54 (ii 4-
23 54 .
11 -
ID -1V0
-10,1
10 J, -
"I
1494
131 h -
0 -
8154-
3Js
17 -
i"9 .
30 94
C0J5
35 -
JJ4-
e-.'54
94
e -
6854-
H
M
l.j-
ae -
3n54-
"54-
K.54-
44
se -
30
13.1 Ji
44 -
155
194
3
r,
9a
34
!i
256
5-4
dividend tPdft? Atner fltnriq S1
.iii' 1 nun t i- prni. i4 per cnt.
.Nt "'.'"bp miid b comparlken vlth last
pale un v-vv Yerk Stock ExchiniT".
rillUMlKU'IUA IIONDS
1000 T.ibcrt.v 2d -lVih 12 00.00
2000 I.ibeity .'Id -ltK '2S 07.10
"000 I.ihertv 4th 4'is MS OO.r.O
4000 Liberty 4th 4Vis '3H 00. 14
7000 I.ihet tv 4th 4Ms 'IS 110.40
2000 Liberty 4th 4'4s "IS 00. 3S
20(10 Libei ty 4th 4V.s MS reg. 00.0(1
13000 Victory 4'i.s '21 leth. 100. 00
.1000 Victory 4''',r '23 100.02
1000 Hell Telephone 7s 10SL'.
1000 I'hila Llectrie lt ."is 02
.1000 I'liiln Klectrlc 1st .-.s..lets !l2-.'.
0000 I'hila Lh-ctric (!-.. ..lets 10IV'i
i"00 I'hiln Klectrlc 0s 100' .
34000 Tiilla Llcetrk 0s. ..lets 100''
2000 .Spnnisli-American Oh.... 100
TBK
INTERNAL
BONDS
OF
EUROPE
FOREIGN EXCHANGE
New Yerk. Dec. 21.-The foreign e
Lliang" market opening today disclose.!
prices irregulnr and In the main easier.
Sterling, however, was up S cent, but
francs were off 1 points, llrp oil V
uigiicr wiu
BANK CLEARINGS
B.ink clearinus tetl.iy, cumuared with cor cer cor
rpiiendlnB da mat two yt.ira.
I'JIM 1IU0 min
Thlla . Ittl.ti'ioeoo R( 0-7 I0S 7S.74,73-t
liosten . 03.UO0 OOO 3G.IK1.GKI 71.1lb3,70.
point, guildPlh n peiuis
marks 'j point oil.
QuotntleiiH were:
Sterling tables 1 21'j, dt iiiaiid
frnnc rubles S.07. checks S.Oli ;
.21 ;
Urt
l.ln. 4T.SU. circRp I ! i ; glllMltl
.,.i.i,.s .no ,k chpcks 3li.SH : Swi.ss cables
Today's Range In Liberty Bends
1 30
lllnh Lew P. .M
H.1.32 03.20 1I3...0
00.02 0H.3S 110. Kl
00.04 05. Ml 1l.-i.S0
07. .ri0 07.40 07.40
, 00. ."2 00.20 0II.30
loe.oo ioe.oo loe.oo
100.02 100.00 100.02
Liberty 3'as . . .
Liberty lM 4Vb
Liberty 2d 1",h .
Liberty 3d 4ib .
Liberty 4th 4Ah
ic .Notes .l')is
VIC Notes 4
A"
iVt H
-
Moderate Activity In Raw Surjar
nv Yerk. Dec SI. The raw suunr mar-
Financial Briefs
11 "ill (hecks 111 r.i I niei kiioiie iiiwiui t.t i. mmi-riiPiy nrtive nun r,irau viitn
-ii- ,.!, e-iOO- Chrlhtilllia (ilbb's'nev crop KiiKrn for Dcmlwr nnd Jnnuurj
2.J.0.I, checlts ..).liw. i uiiMiiiiiu , " Ml , ,,ue,e,i at 2 cente, cost nnd (rrliiht
l,"i 77 checks l.i.iJ; ' eiieniuuiii (1 f(ir (),P.,r,tM.r dhlpmnnt at th h.ui
...i.i... in r.r. l,,.,.!,u of) r() : He r all Icm-i. TIib Cuban ccnnmltlei. cnntlnui-s fi
...,. - rr :i,nL 7 74: iic-(lil cables 'lu-'t- S'j 'nt, cot i.njl fr.-l.-lit ('.r .r..rni.t
mMi iM
a-jHlntewI3.iai
I Thp avcrriRe pri', of thf twenty artt"e
industrial stnrUs .If lined e 01 ptr cent e1
tnrdiij te Nd 30 while the twenty railroads
declined 0.38 per cent te 74.S7.
I West ft Ce announce that Sydney W
I Keith has ij-cnme nsseciuted with them in
thilr took department
Charles P MJ'rene, lermerly with Pain.
Wet.er (t Ce lir.n Iwpime mseclatcd with
l'etry, Telnnd & Weiss,
Ills-
ii M-tt lierK
The Seuth
were nuiet tmlii)
C S. PATTON & CO.
ID X CHI'.bTNlIT HTd.
BANKERS
Hncceajqrs
flAILKK bTKNSOJI
Sends and uteeUs netiflit nnd eU
Memhera fhlla, Hleeb Kirhsnss
14 02. checks 11.00; marks .."h
l'lPinlum en New Yerk fuiuls in Med
tre.tl today was 11 Ii.-H) per ciiu
t.t en t'.inadlnn lunu
wriH united at ll'i I'd f'11
ifii.ipifiiii PTphnnces were
with il Mendy tone, i-uonuiens wer. .
itrnil. 12"! centHj I riiguay. 141..i0;
Chile. 10"!, cpntH; Argentinp. 3.1.. di
Thp Central Kurepean exclianges were
quoted today nn follews: The ln.1rJ-et
being rather neiiiinnl. lluinanijin .KJi, ,
Hulgarinn, .SO; tierbinii, l...i ; ( xecho xeche
ci... ..iin.i 1 ;tr. . .TinreSuv nn. .40:
Chile Copper Company for quarter endsd i . . ' ". "1 i a , lr,lish 03 'A : FlnnMi.
Septimb.r 30 r.rrt after rharea. Inelud- ' ' rts'k, 4.1H; 1 r"ls1';. ,"' S,1,I. Y,,
Imr deprerlatlen of tl Mil 37(1, tern-, ''.(HI Auhtrlilll. .OlVi! ! llungill illll,
parid with deficit of 11 110,033 In th pre-1 ,-1
Ltllnf! quarter, nnd kurplus of JS7S.H0K, eri-1' 3- ,,,.i.rmvD
,,1 cents a sham en the stock In the cerre- YJ'STBHDAY H PIN'AI. QuCyiAne.NS
ipendlnK (luartur of lfiJO. (Jterllnir l'ranca Ure flullderi
Demand 481 lu's 4 M 3fl 7.'
Stockholders of .Wax Ilubher Company Cables . . - 4 21 H 11 4 BR14 3d Ti
are liejng asked te attend special meet'nus I .rnnv fiPKMlNCl QITOT.VTIO.VH
lilnm.
baiiH new and old crop
ii.miiiri shluniLiit at
frvnht. S3 n)0 Imiru I bruary
LIVESTOCK QUOTATIONS
thlcage, Dec 21 C.V1TT.15 Ilecelpia,
.100U in nd. Slew, mostly stiady. .ami saleu
beef steer 1 and nh stock strenne-; rjualiiy
plain, bulk of stalci. I.W7.23. noed mnn
cattle still held off market.
HOOS Itecelpts, SO.OOU head Active
lSQ.'Se hlHiic-r than jsienlay ndverane,
iie.itly ssc lilvhcr. rama tutehers up mere,
rhlip.rs buvliic lib. rallj Tup, ,7.13 en "en.
pound avcrnxn, $7 10 for IhO te 100 leund
avraif.. bulk, JO hlHf 7,0, pK 018(,
hluhcr, bulk ilextral.le, 17 lOfii 7 21,
hHKi:i' Ilere,ta 7IMI0 head ' Kllllnir
rlaii. m steady te 25c hluher. f. 1 ilers hte.iUj
fat lambs tu parkerH enly, tlOfue.SO. lent
. - ......, -".-;. unit), ti (,( le choir cheir
eajy"si0. ""C0 L"ht-hLk '"It lambs
XUKBre , tlrst ll.ilf of I llttl.rirli. I',... lien ev i,., ..
nts. cot in. nm. n.1,! ;.;. ' 1. ..',,-.'"""l-r!1'-
hlnmrnt at 2 ;',",. "Z '"S.. ..' ';,'.,7.",.'h . . 10'ir
rents. 14 000 bans lu-v, crip lute iitr nib. r l .,.. . ....' .-. ,V. L ' " ern-
Cables
Stockwell, Wilsen & Linvill
Certified Public Accountants
Land HUe Bldg., Philadelphia
January 11 for purpose, of uutherlz.nir
Issuance of I3,one UOM first rnorueise nftt. n- I ., ,,
v. ar K ntr cent bends nnd te rat'fv .. ihin.. Ileminu
In capita, from pree.-nt autherised 400, nun
shares nr 150 par mm te r.oe.noo nhur.- i,
par There Is eutstand nn at pre. nt son (me
shnrew An a.ldlt 1 mi! 200 11OO shares will he
offered (e j'e. kheld. r. for rubrcrlpt'en at'
US SO a share un a share-fnr-share basis, I
TODAY'S
and eurly January sniinn.'tit at unu cut
and freluht, und I00O Imks San DomliiKei
In pert at 1 cents c I. f I.ec.-il refiners
were, the sole purchase of Cuba th. m.hi
Immlnifes belnn taken by n Canadian r -finer.
The local refined m irkct Is un
chamtt'd en the basis of 3 10 centu, (cj 1
per cmi for cash for fine cranulated
hterilnif I'rancs
4..'1 ""
4".'1,4 H.07
I. Ire Cullder.
4 37J; 10 nl
4 fpS an us
RAILROAD EARNINGS
MIDU'tl) VAM.EV
Quantanatne Sunar reports fcr year ended
Meptemwr ae, uencu alter cnarirea and
preclatlen 818,4tl4.
previous
d.
aialnst surplus 11,8(0,-
Ve- ember gross
V t eper revenue
Kleven mes, ar. rev
Net eper. revenus.
Oecrease.
10S1
$.101 nes
lin.eis
4.101.402
017.040
Inrrease
tltiO 142
13,053
500,057
107,304
MONEY-LENDING RATES
Slav VOKK Menty en cill. both clarses
of cellaten.l, opened today at 0 per cint for
lending nnd rtnewlntt.
1'IIII.AnKl.riflA Call, nV4il0 per cent,
time. 5 titl per iem, temmerclal piper,
three te six months, 544n. per tent.
Reserve Banks' Discount Rates
Official rediscount rates at the twelve F-d
crai juseric tiaiiKn nrv .is ii.iiembi
Trias. Mb. Cem'l Ilkru.
ctfs. bends, p iper ncent.
4' 4Vi ('
4'A 4'4 IV,
4V, A'i V,,
& .1 r.
5 5 ft
.1 5 r.
n s n
n 6 a
6H 0H "
n s a
O'j V4 fiVi
rs nnd plus. I7.HU lis
rllliSI'I' AND I.AMHH -heart
hlcadj. Tep thcep,
110 r.O
CAI.Vi:H lUceliits, 200 head
Tep, 111 50.
K"Cllpts, 1000
. top lambs,
Ixiwer.
K..is( IlufTnle, Dec. 21. CATTI.R rte-
celptB 01 Hleiv and Ntrenger Cnlves
reeelms, aoe li.ad Slew 2.-.C lower, 3p
IIOiJS Kiielpta 1000 head Slew.
Mend .'ftp hl3hr )(eav Tft7 .'. ,i..i
1. -,5'i7. in eikeiH 17 "0fi7.7.V. Ilnht ,.ru'.
J7 .5K n'K 7 758, roughs, 3.2.'i
i..,i"'K'LiAN" '.''Mils Uerelpt,, 4NO0
heid Hlevv. I.arnl.s nml e,nllngk, -,(ir
hlklicr, lambs, 115)112. jearllngs, tTS0:
ethers unchanttMl ' '
ej-M
BAR SILVER
LARGEST U. S. DIRIGIBLE,
ROMA, ENDS FIRST CRUISE
Airship Concludes Rough Trip Frem
Langley Field te Washington
Washington. Dec. 21. (lly A. I'.)
The. semi-rigid dirigible Itnmn, the
lnrgpst American nliship, arrived ever
Washington shortly before neon today
en her lirst long distance flight nfter
having been brought te the 1'nltcd
States from Italy nn.i re.ihMjinblcd nt
Langley Tield, Virginia.
The dirigible appealed ever tin
Capitel fiem the southeast meie thnn
two hours behind her scheduled arrival
It wan evident from the ground tlint
she was then bucking n heavy he.id
wind.
While no elficial explanation of tin
delay had been received by officials hcie
it was understood thai engine trouble
ivnt, the principal cause. Three, or pe,
sibly four of the "ship's" six great
meters were iinnvail.iblp, according in
unofficial reports, nnd the tilp from
Lnnglev Field was made en the icm.iin
ing power plant.
A numbpr of officials of the Win- and
Navy DppnrtuiPiitK. nccempnnied In
lepiPsent.itiveH of several foreign gov
ernments, waited thi! arrival nt Jtellln."
Field. ""
Call,
I telephone ar
write for a
free epy of
ear boehjet
F-516
fit
DUE te the existing
level of foreign ex
change quotations, the
Government, Munici
pal and Industrial
bends of European na
tions are today selling
nt prices that should re
sult in attractive profits Ov
when conditions be- l"i
come normal. '
"Foreign
Investment for
Americans"
is the title of a new
booklet which di cussea
themorcpepularofthe
European bend issues
and suRgcits hew te
tike advantage of pre
vailing exchange rates
through the purchase
of these securities.
PHILADELPHIA'S
HISTORIC
TRUST COMPANY
invites j en
le become one of 1U
DEPOSITORS
The Pennsylvania Company
Fer Inturartcts en'Lnei and
Granting Annuities
Trust and Safe Deposit Company
BROAD STREET OFriCB
Che'tnut and Juniper Streets
517 Chestnut Street, Philadelphia
CHARTERED
18 12
Wm. II. McKenna &. Ce.
221 S. 15th St.
PHILADELPHIA, PA.
New Yerk
fatcrten
Chicago
I'ltubumh
s.
Georgia Ry. & Power Ce.
We have orders in
1st Preferred Stock
2d Preferred Stock
and Common Stock
Reed A. Morgan & Ce.
Wat Lxil Trust Hldn , J'hlln
Mtmhfm ut the 11(11 St.,-!, j;,,.,
$1,500,000
City Centre Building
S. E. Cor. Bread & Cherry Sts.
6 Registered Geld Bendi
Due November 13, 1020
Denomination $1 000.00
Refund of 4 Mills Slate Tix
Principal and interest guar
anteed by the Philadelphia
Company for Guaranteeing
Mortgages.
Circular en Request
BEN. T. WELCH
Gll-12 l'cnGcld Building
SAD YULETIDEF0R MINERS
Thousands Unemployed and Penni
less Ne Santa for the Children
Washington, Dee. 21. (Ry A. I'. )
Widespread unemployment among Venl
miners- during the last ear, aecerdlii"
te Kllis .'-curies, editor of the L'nited
Mine Workers' .Jein mil, w cause
thousand of miners' children te wake up
en Christmas 11101 nlng te Imil that Santa
L'laus bus pns.ed them by.
Children in the mining fields of West
Virginia, Alnbiiuu, Texas, Tennes.ie
end even In Central Peniisvlvniiiii ere
sufficing from lack of feed .mil elethlii"
"Ceal miners hnve been out of etn
plej merit jiemly all tills venr, nnd
thousands of them nie penniless nml in
terrible distress," snid Mi. Henries.
UKRAINIANS ACCUSE POLAND
Memerial te Congress Alleges
Wrongs That Call for Inquiry
Willi. Ini.lii !).., et II 1..
tn3Sttd!"r WB" '"" U'ner ln h""')en ,eday tlvi, (irnlinm h'lis wibmUted te the Ilm.'el
wr. eitkii
3100,000
Penna. R. R. Eq. 6s
Jan. 15, 1928; Jan. 15, 1934, inc.
Tax 1 rip In I'enna,
Price te return 5.80
( Irrtilur nn Keijuest
lewnscnd Whclcn & Ce.
BOS Chestnut St.
Members N. . nml pull Mei l( I'.di inirn
VievbeU. iLh-aa. & e.
Jlitbllr Uttlibj enmlic8
fttnrk Exch.niirjc ?3utl2)Uuj. Ph'l-
Consumers Electric Light
& Power 5s, 1936
United Gas & Electric
. 6s. 1945
Wilmington Gas Ce.
1st 5a. 1949
PhnnfNi Ixictut O'SO-t'.'.
Private l'liums m s. v, Voile
GARRISON &CQ
VIOENERDLDG
MEMBERS-NEW YORK AND
PHILADEL?HIA STOCK EXCHANGE
"J
BONDS FOR INVESTMENT
lllllllllllllllllllllllllllllllllllllllllll
Edward B.Smith & Ce
1411 Chestnut Street
Mimbtrs New VurK una l'lulnJelPbl
Blcclt Kichnnee
Investment Securities
Philadelphia New Yerk
I'liiiikili inl.i iti.Mr.,1.1 l viiiliiiiient fl'it I .MHJ
. v.i .:":: --".'.'". ---.-.-- ... , ,
tee I t iiintnin
C'enlriil Ilulliriiy t'u.
I elila i Vulle
ll iiHlilliuten
Ilnstnn (v-.
Ne Verlt i'i
Phlledelphli .. 4Vj
t'l.'VeUml T.
HichmenU .... d
At mim ... '
CtllCllKO A
Hi Leuis ."
MlnneiKill ,..,, &Vi
Kna Cltr .... A
Dlt 8V4
Prices Heavy en Paris Bourse
I'nrlx, Per. LM I'rlceu were heavy nn th
lii.urrB today. Thru. nr ccnt rnri(rAi s,r
I in r cent Iehji Her .'Oi Tlie ilnll.ir
llUt.tl ll ut lf -l.ic
rivi
vvaH
Han
OTHER FINANCIAL NEW8
PAGES 24, 25 AND 26
ON
a inemerinl of tl.e League of I'kinliiliiii
I I.xtriietitm of l'lilhiihliihin, signed In
ineailv .10(10 eersniis, nk!ng nn inves
tigation of alleged wrong lignum them
The meiiiiiiliil vv Kilts Ceiigipss tu n
quiii' Inte Poland's itctiWtle- and aliee-
Itlts in the Nest 1 Itnilii an or (iiilltiiiu
reiiublic and te take iietlen "te tei
mlnate the horror of alien tyranny in
our home land, and relieve her Intoler
able dlftrefi,"
r
I
Certified Public Accountants
Drexel Building, Philndclphin
:v.vffaa
J " iSit
SiiMiiiiiuli (i.u t'emiiiiny . 2," ISej
1 III ti'il 1 nil Hum of llt tHliurirli . . J, jjjj
siininrrii Iriutlen e( I'lttsniirim ,- ijhj
lIllfTi. ii A M.iu.iii.li.i.inn II It. ." 'Xii
N'erlli SprliiKlleliI WaUr lUnuD.inj Atai.
Kintll.lil A W Vlenlnl.1 I'mvrr ( ein, J I't
mrrlrun I'lpf Construct!"" l0-
um
hteck
SAMUEL K. PHILLIPS & CO.
:reiubern I'hllnilnllilltli Htcs-lt IxchtU
nin rni:sTM'T rthkkt
antral National Bank AUTOMOBILE
of Philadelphia ..
Chestnut Street at Fifth
0U1,,, llilWMWrel.EmU'U(V
INSURANCE
HSrBSJfSS""WffVI!iu