1 t'n-i '-' -5j. ,"?st-,-t-. 'Ai ''''" 'r,rW'Jr'T,r"?V :-' srfji"'' M m u ir 50 - J . s . - reaas: Cuban Government Treasury 6 Bends Due 1929 Yielding 8 te Maturity Drawing! ttmUannnally at par Bpcri or?Jar en rtQutit r A, A. Heusman & Ce. 'Members .Vrtr Yerk Stock Vxchanec 20 Bread Slrcet, New Yerk I'hil m:i I'm v w .wiim-.ten .MTi:i(l).t. nui.Ll.Mi P'nulc virct fj i'Kncra; cuir PRICE MOVEMENT 1 IS VERY SLOPPY EVENING PUBLIC. rLEDGBIPHirADELPHIA.MCHURSDAY, DEOEMfiER 22, 1921 jr NEW YORK STOCK EXCHANGE TRANSACTIONS Midday Spurt in Amer. Locomo Lecomo Locemo tivo Checked Reactionary Movement Service and Stability r-..... 11 ! The Friendly Spirit which our tlopeMtors anil clients manit't"t toward us lias been the best gift of the year, and we are pleasantly mindful of that sympathetic feeling ns we send out our Christmas Greetings. In return vc have tried te render a helpful' serv ice te our f . k-nds, which we hope litis been of geed use te t'leni. Integrity Irust Company Fourth and Green Streets Capital Surplus and Profit. . $500,000 3 .$1,830,000 A INCLUDED in the prop erties which secure1 Keystone Telephone Com pany First Mortgage o?'e Bends, due 1935, are the seven parcels of Philadel phia real estate in which its executive and mechan ical departments and automatic switchboards are housed. At present Stock Ex change quotations these V bends yield about 8.20c.: . Five of Pennslyvania 4 mills tax. We invite inquiry en any current invest 7nent subject. HARPER &TURNER Investment Bankers 3frmber of PhiladtlpMa Steclt rzehangr Stock Exchange Building tcran-en Philadelphia l -i New Yerk, 1V, 22. I'lirthrr -lieri u'lllrii; nml roierlns. profit taking 111A1 ,w"jini5 tn I'ltaliuxli Iiists fur Incntli" lux rt-furna mnile tliu inoveinonf of pi Irm in teilaj'f -tm'li market net ml highly Ir I regular, but nR Imrmrtnl n rather I "Jepp.v nii'inrnnrp te the rimutiiI list. The supply m stocks from miIi-s te 'es I 'nl i!i liivves wns the lurgent nMivl w I far tliN year. 'Ilil. ceiipleil with the1 , (J per cent opeiiinc rate for mil money, i eneeurmccil nn rntpnlen of nhert coin- I mitiiients. ami fur u time pnve Hip tenr , tiititlnsent ih" upper lintnl. I'r tin'' 'est pert of tin- inenilns priee mvltei) in nil iliroftiens. hut In iure tiihMn the in.irket Iemunt rated it -till petse-it-d srrr ceMii'hili'k iiiillltie. ,' Neither (ililc li.ttl imieh ti wnii: with ns there wns again little In tin- ever- , niclir developments or morn! tig news te Rivi ii'iicli nihnntnse te ilther of the entrstins; I'lenient. About 1 1 most important cliv lepmcnt was tin- im- tinimcpmciit of the American SiiKtir lte ; lining financing, The, issue of .?."5tl.000. , iMItl bends yns a boil -blew U the elil . -iliarphelilprs. It, is understood tV pro pre I cei'ils will pay (t virtually all e.irrcnt ilidelitedn-ss. which i l.trgely in the , tin tu re. of bank leans. Th" ne was I 'Kit se pli'Us-int for the Me klluliliTN, but It luiil its ffoecl siil. 111 Lrivln ' fur- her evidence nt tlir, gradual h.w t:in ! mt of tire v -railed frozen rrnKi-. At tin- unie thiv iid'Hunnal ti-ti- i , inenv f the crewing ntinni'it i'f mV i ii"npit:ll 'await'tiR lnvctiiiMit- wiRien j in tin rrmarkalile mh-i. . f !in f.. Mid X. Issue. It was the sani' i story ' of tlii' simultaneous openiir; mid iliis.'.ni f lln subr-ltifrit) bonks, with all in- ' clioatteiis of tlii- issue being many times ebi'rsuberlht'i. The.!' were merly incident1 nither than fai'terb in fe far as the ste,k mar ker is concerned, and the operations an they were in the preceding das mere'y "epreented the adjustments of the pro pre pro fess'enal traders and ethers lui idental te tin veai-ctid ettU mi'nts as te taxes and i.tle r caine-. S't"i: r!'si:incil their iuer'-jnive tneticN pt flu- epenirg seen 'nii'lni; iriu'ar i.i.is In tb. g.'i'i rai Ust. ! I'm tl, iv ) 1 1 nix for th" Ieiil levmint .nldnl t'i 111" iail revcrs.il. iN. ship-J pin? and metals bore the brunt of the; innemeiif. (iem ril Asphalt. 1'nitiil I I run. I tali C'eppir and National Kname'inc .showed declines ransia? from large fractions te I'.1 points. I'.i'dwln Locomotive. Pullman. Ameri an Woolen. Internal leiml I'aiHT. American Sugar and Famous I'lajers1 .iNi weie heavy. The (! pe" cent npin- ' ng rate for call money en 'euragMl the' bears te redouble tin ir efforts. Stand-J aid V1 nf New .ler-e;. l'iere" 'U pre f ",!. I. Willjs . f ivr!.tiii pr. frnd. ' I'ieri e Arrew preferred. I pnhlu. Iren i I reicrtisl and half a scen- of i.,i-ccl-' K us sjeiu were eaniid down bv .'. f icther revr-al. losing one t .".'.j, puiiits 'J'lie mniket rallied beture neon, Ciilliplliellts ailll feed !-pe I. titles tlll'Il ' nig in demand. American Loeemotive aiKanced 2 Vj points and American Sugar common and prefernil and some of the ether merchandising issues also '.strengthened. Texas, and Pacific again was the only railway is-.jp te show I mice than moderate strength and nc- I ti ity. I Commodity Markets SiIm 100 ten 410 1409 I0J 109 101) 200 100 100 300 100 tee 100 .'0'( 101) 200 101 no 100 109 100 lr.sm 100 Ol iimi tee ;ine Tii.l 10') 11703 V10 20O it) I 110) (1)0 M0 1101 ine 2KI mioe 200 cue 100 CI) .-.in net eO'l loe 200 100 shed 2011 01 1)0 lll'J loe 100 700 70) ire 14.MI 100 100 tee 300 nua 2010 l'i3l) 1.10) loe 700 21)1) 100 001) .100 200 500 tee 5(00 20,10 ltJO 130 2.10 J. )! 3j0 t 'ii 10O 10,11 noe en 700 .'ae tunq 200 200 000 700 ."SOD IVv in J Air Iteductten . . . AW lttibber Illxli . 43 IS VI 2S 84 3141 32 li . . Wl ..143 .. 11 .. 33U .. 4fli .. I .. Wi .. 40U .. 3?e .. 33H .. 0 . ir?i . .1H? . . 4i, .. mi .. 43,i .. tsl'j . 3.1 ' . . .. si . . 31 . .1I3Je ..132'i 17 70 ;u .13 20 20!i '2!i of. se ..122H ten Butt Copper A Zlne. ! Hiitte & Surier or Cen. IS'l luitlcric!: 31 Cndde Central O & P.. 12!'a C'al Xin- li Leail .... 0 California Pt'releum. H'n 10 Canadian Pacific . farneii It 11 Mining . . Central Lmilier . ... .. Central Leather pf . . . . . Cerre-dc-Pasco 6 Chandler Meters .... 2 Chesapeake & Ohie . . .. Chi & r. Ill wl) .. Chi & E 111 (wl) pf... .. Chicago & Gt West.. .. Chi Mil & St P .. Chi Mil & St P pf ... 3 Chi & Northwestern . . .. CM It I & Pac .-. 1 'hi St P M & O . . Ch le Copper .. Chlne Copner .. ("lev C..1 Cl'l U St Ij.. . . duett Pcal.edy 4 Coca-Cela . Colerado Futl ft Iren. 6 Celurr. Gaa & Elee . . . .. Celum Graphopheno. .. . . Cel Grnphophene pt. . 4 Cemput Tab Records. .. Consolidate! Dla Ins.. . . Consolidated Cigar . . 7 Consel dated Gas . . . . . . Consolidated Textiles Cem Products Ret . HO 30 03 34 !i 41) 3e?g IS J 3i V RH ISJi 304 r,4 31 Ji XT, 15 20 6.1 J 44 41 2e -1 5?4 m 21 1P4 Us 1000 ;.J0 Cl3den ft Ce GRAIN MARKET, , l:ir.T:e. r.. 22 -- V ' .ia':d , "in !i.T";i d for I ! . l.hcr. : " IwIt " Jv' lower for .May and 'si1 If' : " lower fur .lulv. Tinde wa aitie and nueil, j with commission houses en bith sides. Mrength in i ern helped wheat nftiv the opening. The irsh market was largely nominal and unchnngetl compared w itli. futures. Little expert business was 'done jpsti rda and net niueli is ex- peered for remainder of the week. Uern started !sc te :,sr higher for I'ccembfr, 'sc te Me higher for Mnj and ''.11 te ' je jp f r .Ti'ly. Thiie wi '"'1 b'lj illg t' 'I sl",; 1'lg lll'ellst .t l'i. i"'t el. 1 r - s..l,f. 'I.'.. I v IV We Own and Offer Heed Rubber Company 7, 1936 at a price te jttiil etrr 7.23rc. Nrt quirk essfls $11,000,000. Total fueilrd drlit S8.0li0.000. S'ft farnlnss In 1020 f-i.lWAM WlOENEH BtOC. PHILAD.1.PMIA UnAmPUaiUpUtal NneYxStKkxdct htw te tutxam. hj M COTTON MARKET New erli. Dee. 22. The iss.iar.ee of thiftj-twe ntit es w.ts largur than had been epci tel but failed te exert mi.i h intlucnce at the opening of the cotton I mnrket today. Flr't prices generally were unchanged te h points lower, ex- ccpt October, which btnrted " points higher. There wan n little .ra.tcred foreign selling of December, but both , Liverpool anil New Orleans interests bought the inter months. AfteP the ; opening, business was quiet, wii'i active positions about unchanged fmm last , night's close. Ueceipts at the ports. f,,r th day nrc esLiinated at lS.flfie ha1! s, uaiat le,-' TT'l ba'es en the cerr ' euding il.i.x a ! week uge and lll.IU'j ha t. e. i- "inwr is is . iry Is .'1 1 .rtti is is I, i i; . .1 j i ar age. 'i' n i V it is '.ii is 1 , 1" 111 I'll is 1 17 ill IT 7'l i: . , r j- 1aW Proven Public Utility Bends Baker, Ayling & eung tOSKVU IT. HU'AIN, Jr.. Jlanet-r Land Title Btd(r. Boiten Philadelphia NEV YORK COFFEE MARKET' New Yerk, !. 22 : s .'tc-rd .r.lng I'lein trade sDure'i . ti be-nl ii arket opened .'! points i.p oil I'eljru.irj , but unchanged te a decline of S points en ether months, most of the pressure being noted in the late month 10 in 101 30 10 Hii 1 1 23.1 1 1 101 1)0 2 10 Z 0 2t,u 1001 30 0 31.0 2010 103 7031 StO 100 SVI I sell tee 21 SWI OlOU 331 (CJ 0)0 HO 100 3U0 100 100 tee J 2 JO 700 2700 400 101) 101 100 300 2411 101) 100 U '" 700 2:v ll'l 100 14 'II MI0 4S00 t Crucible Htel lH 7 Crucible Htcil pi s". .. CuLan Am Sugar 13e .. Cabin; Cana Sugar... 0?s . i-uban Cane Suar pf. 134 I 1 ui !son Chem.i.il .... SZ?i i P. ware & Hudsen., ienj. C !' Lack & Western.. 117 nmersen-HraiitlnK ... !l .. Ln.erann-Jl antlnu pf. 21J$ S rndlcott-Jehnson .... 79 7 Ilndlcott-Jehni-on pt..!0lli .. Erie V t .. Erie 1st pf I5 .. Erie 2d pf 1CU 8 Famous Players i, . . 71 t .. Flak Rubber 12 . . Freeport Texas 14 .. Gasten Wins A Wig.. ! . . general Aanha'f . . . fi.l'e .-. fneral Asphalt ;f 122 'j ii ''citr.l c g.ir . . . hs:,, s : i. id El-cti'.j . Li' i 'Vi.tral Muterj It (1 lien Meturs !- C .. 72'J 7 'Jen Meters ileb T' M v Goedrich B P S.1Ja 7 Great Northern pf ... 73 4 Great Ncrth Oru ctfs. 31 yt . Greene Cananea. Cep. . 28 .. Gulf Molille & Ner... .7 .. Gulf State Steel H . . Guantanamo Sugar . . U .30 Hablrshaw El Cable.. H& 1 Haskell & Barker Cor 79i .. HouBten Oil 77 .. Ifunp Motorcar lift .. Hydraulic Steel Qi3 1 Illinois Central SS 00 Imllaheinn Ref 3 . . Inspiration Cen Cep. . 39 .. Intprb Cen Cerp .... .. International Cement. 27J . . Int Agrlcul Cerp pf . . . 33 r, Int Harvester new ... S2?a .. Int Mer Marine .... It e Int Mer Marine pf . . . ' -, Int Motertruck If: v . '"'. ; Im Motertruck 'M r. Ill) .. Internal eii'il Nic'ii . 12 j, . tnttrnatlenal I' ip.r. .. 'ja, . Invlnclblu ull jr.. 12,'a FOREIGN EXCHANGE New Yerk. Dec. 22. The foreign exchange market opened with sterling i.. l!..t. !.. xi.liniinAil ffnm . rvut nw Around midday, the local m.,rkt wi.a i m. , ', " biech . in most Of tilt Other fSClinnsrs ranging ireni l holding Fteaily ill the decl.nc witli I)i lecmbnr . Itcl.nl te May nt 7 P"l"l' ! " Sr : " May te September nt 2 reint". '"."'""" and I.ecil jebbiup beuses ripert only a Ouie i'i in mil or soot i onto, lint as interior he!. lings -ire s.Md te b" l.'t-l.t an im- ,iiiii'. nn)uir .tr. of t!." J ear iS cvpef te I penitH. V'lotntlem were: SnrlniK cablet 1 2i' ; funic tab'es I.err 45 MM ; 67 V Aliska rinM vin. Ajqekn Juneau G M. . ' All e1 chem a r. nt. Allied Chcm & Dye pflOSU 103U All s-Chntmera 8H 37?i ni Acrie Chem pf .. 'A K An Hcpt Suitnr 2 0 Am Hfct Sugrar pf . . Am Pe.'ch Magneto. Am Can Am Cnn nf 12 Am rar ft Pdy .... m Cnlcle Am Cotten Oil .... Am Cotten Oil pf . Am Ilide & Leather 7 '" Jce Am Internat Cerp . i Am-La france Ung m Am L nsccd Am Linseed pf .... 3 A in I nrntiivivp Am Locomotive pf . Am Safety Ra2er .. ivm- .snip & com ... Am Smelt 7 Am Smelt p 'I A-i s;., I l.-..,,irp,, : Am .-;,.. .-d), pf Am sti2ar k, f . ... 7 Am Sugar ltpf pf. .. Am Snnintra Teb . . . 0 Am Tel & Tel 17 Am Tobacco Am Waterworks . . , 0 Am Waterwka Gr", pf 7 Am Woolen Am Znc Lad & Hmlt 12 j; . . Am Zinc Lead & S pr 37 .. Ar.tce"i'i CennT .... 4Ji Ann Arber pf 29 Jj AMcts He.il zatle-i .. 1 0 Aife Pry Goe.ls 1st pf 70 fl Alch Tep S Santa Ke. 02 n Atch Tep gi S !' pf. .. sf H 7 Atlantic Coast Line .. 30 Atl Gulf (SWISS.. 31 At Gulf U W I S S pf 22 Austin Nicholas "It 7 Austin Nicholas Inc pf t-1 . iinnivvin Locomotive . 3b . . ualtlmere & o.ile 4 Halt mere & i Uue pf. .30 Haniadale Class A . . . ISirnsiliile Cla.n Ii.. . . Patepllas Mining . . . 1 Uethlehcm Steel 3 liethlehem Steel B... . . Poeth Fisheries .... 0 Iluffale Itoch & Pitts 10 Hums Pres . Puih Term pf 27J4 ?4 34 i' 32 1 J OUi 143 11 23 40'A II 73 1 40Vi OH 33 H M 0!)9i 1144 41b 43lj ssi; 3 .'I fieu se 31 11334 ni'i 16 79 t2U 37 . 47 H 2 Vi I 76 en; "-1W 89 Yi 30i 2 J 9'i. r,s 94 3.1 S3 21 20 03 Vi &5H 3?i 50 120 avi 1(14 30''. "5a li 47 U UfHi 1VZ 30 nn 3 !i 40 63H 1.1 nsrii IS 29 naii 31 5, 201;, 5.7 I.-, 40e 2 UJ C5)S 3 i-'j; C2J-, 1 21 J6 02 ooh 36 K (14 '4 b7 !3'i -i "'4 &, v.r,'-. 2?4 2U4 78 H 10 1; 1514 ie !i 77-n 12 U 14 !h 01 ', 102, j I.S'j 130 1, in-; .s:l . 35 " 'I?. 3lrs 2S 5 4ii 8 !' 70 J4 7C?5 11 9S 3 39 33 K2 14 T2S 72 1 1 lid 12 uls4 12 li 1 :S0 Net V. M. Chue 45 4- 1W I8I4 . t; .. 5 SOJi- 28 r 3 it; 32)4 03 1A 14.1 11 23 -73t4" ic,- 9H- 31 H 59 - 107 H-f 114?4-f 4J4- SJ4- 43V4- sh'4-:- 13 -04 - 'i lit " 1 '41 Si fe 'i v A V4 i H li 1 1 S 'a I i; i !4 SI -r 31 1134- 112 U- 17 79 -12 t,i -37 - 4Hi- 29 )a 1 -78 ; 92 S5-89!J-3li-22 -914- cr 0)4 35 -53 -20 - 20 H ' 52!4 50 4- !4 15 - I 50 122 Hi- ir; h9 H 5S .. 1N- U 30 w- j c tK - 3j 1193, .. tlii - 30 -03 - 3M4 49 - 55'4 15 -33J4 6H 1 - 20?J d3', ! .15 15 - U 2C?4 35 45 - BUi 24 V 3!a- Ji 12U- 1 53- Ji IK-r ! 21J4- i 62-1 HJ4- U H ! 37 J. ClJi- b7 l-!i- (Ti- 33-'- 100IJ . 1114 'I -f 21)4 79 -1 104 y2 mi- 1514- "K- 7744-I2H-V 14 - Pi r.ii; - 102 '4 - " ' 13H -. I" Je 14 H H H li li li IK it 4 si Kj "2 h 1 i M4IJ S5 -"1JJ-31J4 . 28 0 "H-r-6 U4 . 70 J5 . "9i 11K- 654 os :K . 39 154 4- 27 A 33 82?i -14 - (i;i 771 - 1,0 r:i.; 52i -12 1 4 - ' M - Ptes 140(1 1000 800 300 1500 100 1600 23-0 109 401? Dlv. tn Hlith Inland Oil 3 . Jenes Pres Tea 30 . Kansas City southern 2314 Knnsaa City Se pf... . Kansas & Gulf ...... 7 A Kclly-Sprlnsflcia Tlrs. lt . Kenneeett Copper ... 3ji . Kovsteno T & K .... 18 J4 7 itretige r s pf 103 Lackawanna Steel 11 JO 3. no LfhlKh Valley 00 200 1011 300 200 ten 100 tee 13019 100 600 13 Liggett & Myers, 12 Llgffctt & Myers II. 7 Lima tiocemotlvo .. .. Leewe Ce I Left Candy .. Mnriln Oil . . Maxwell Class II... (I May Depf Stores.... 13 Merlcnn Petroleum II ,164 ,161 . 93 . 31 . !i ,107 .1I2V5 n Mexican Petroleum pf 0J4 2 Miami Copper 2M0 i.2e Middle States Cerp 6019 100 1290 soe 2010 100 809 1090 SOO coo ' 100 1300 100 75 700 300 20 .100 700 609 Midvale Steel . . Minn & St Leuis ... . . Me Knntan ft Texas. . . Me Kan A Tex pf . . . . Me Kan & Tex (w)., . Me Kan & T (v.'l)pr . . .M'sseurl Pacific. . . . . . . Me-PacIflc pf " Mentana Power .... . . Montgomery Ward . . . . MulIIne Pedy . . National Anne 7 National Hlscult pf 28 mi 27(i SH 211 231,4 17 1; 45J4 60 13'ri 21-K 1114 llli,4 . . .national (.en & usnie i', Nat L'nam A St 6J4 fl Nafenal Lead 81 7 National Lead pf 161 W . . Nat It n of Mex 2d pf . . Nev Cen Copper lli New Tork Central... 78yj 190 2.00 New Terlc Deck 800 490 ine 400 100 100 300 100 309 100 800 100 100 (14(0 3190 1010 100 2000 1400 son 100 510 I500 2.700 3950n 10 II) 200 100 100 SOO 1639 2011 800 9400 800' 1500 109 309 700 303 ine noe 3200 ; 10i 100 oeu 699 100 200 1300 2100 700 190 400 2890 1800 100 500 Alll) 309 1300 100 700 s no G1U 133 3299 11100 New Tork N II & II. . 4, N V Shipbuilding. . . 7 Norfolk & Western... :i Net th American ctftt.. 3 N American pf etfu. .. 1 Northern Paclile . . . . i Nu.na.lly Ce .. Vevo. Scotia H & C... . . Okla Pred & Itef . . . . .. Oth Steel . . Pacific Devcl Cerp... C Pacific Gas ,fc L'lee .. . . Pacific Mail 3 Pnc'fte Oil 0 Pnn-Atner Petrel ... 6 Pan-Amer II . . Penn Seaboard Steel. 2 Pennsylvania It It 31 13W 7 4314 3? 78W tit; 23 3 ie?; 314 56 18 Ji 40K 5lk 48 10 3?J4 Peepleq Gns Chicago. 0114 3 Phllndelph'a Ce 32J4 .. Phllllps-enes 73 .50 Phlll'mi Pt 321$ . . Pterce-Arrew Moter . 13JJ . . Plercc-Arrew Met pf. 32 .. Pierce Oil 12J4 S PieiOtf Oil pf 70 .. "Ills West Ve.... 25 .50 Pend Civck Cen'. .... 15 . Pressed Kte-l Car ... 63?4 .. Preducura Ueilnerst .. 30!i 8 Pullman Id84 4 Pub Servlce of N J.. 07 . . Punta Alegre Sugar. . 27 Ji 5 Ture Oil 37K .. Pay Cen Copper 14J4 4 Iteadimc 72K 5 Heading 2d pf 45?i .. Hemnpten Typewriter 24 4 .. Poplejtlc Steel 23J4 .. P.epublle Iren & Bteel 52 7 llcpub Iren it Steel pf 83i; .. Ilepublle Me ter .... 7i .20 Ileyal Dutch N Y.... SOJi .. St lieulsi San Fran... 21 St Leula !:'an Pran pf 3354 . . St Leula S W 31 Ji . St I,eul8 Seuthweut pf 3214 . Savage Arrni 12 .. Saxen Moter 2?; .. Seaboard Air Line... 9 .. Seare-Reebu.ik 5PJ4 .. Seneca Cep Cerp 21Ji .. Shattuck Arizona Cerp 8K 74 Shell Transport 38?i .. Sinclair Oil 31f; 6 Southern Paclile .... 70 8 Be Perte nice Suit pf. 78 .. Southern Puiil 18 i ,. Southern Railway pf.. 4314 1 Standard Oil of Cal. . 92 s Standard Oil of N J..ISH4 7 Stand OH of N Jpf...ll3iJ .. Strembr(; Carb 354 7 Sturlcbaker 86J1 .. Submarlr.e Beat Cerp. 4Jj .. Superior Oil Cerp.... 7J4 .. Tenn Cep & Chem... 10 1, ieias we iev 17800 s.OO Tex Tac Gulf & Sul... 38 J4 10590 2800 100 099 2160 400 1210 1109 - .".'Ill tee 311) 400 iUsG 1100 300 300 2500 10O 5490 2109 40M 1400 1500 100 100 1400 Texas ft Pac'.flc 26; 1 Texas ft Pac C & O.. 38 .. Third Ave 14 H 0 Tobacco Products .... C3K .. TranECen Oil 104 8 Union Hag & Paper 70 &; .. Union OH 18 10 Union Pnclfle 15554 4 Union Pacific pf 70 . United Dniff 71 H Unied Krult 122 . United iw.i- Invest... S United ltetnil Ktens.. 5'j . U S Feed Products.. . 10j . U S Ind Alcohol 3914 . U S Realty & Imp. . . 60J1 . U S Rubber 0I a U B Rubber 1st pf. ..190J4 n U S Steel '..... 8B a Utah Copper 01?; . Vanadium Cerp 31 Ji . Va-Car Chemical pf. . 664 . Vlvadeu Inc fly . Vulcan Detlnntnz .... 8 . Wabash 65; . Wabash pf A 2054 400 2.00 Wells Vhtke Express. 68?; 509 .. Wcttcrn Maryland ... 8 55 . Western Pac fie 10 u Western Pacific pf. .. 5254 4 WestingheuM U & M 49 J . Wheeling & L 13 69; . Wheeling & L K pt. . 13J4 . .White OH corn 8J4 WIcU spr-ne Steel Cerp mis. 390 200 300 100 200 400 401) 1100 210 3i)0 100 100 . Willye-OverUnd . . Will;s-ev'rland pf , . Wilsen A. Ce 8 Woelvvor.l) P W .. 4 WorthlnLten Punsp Usi.rtlvlilcnl. 6 . 28 5 i 2994 1131!. . !i an 38J4 2aji 59(4 13 24K "k its ISJi aejj 114 163 93 154 9?; SI lli 107 1U14 854 26 m 26J4 5; 21; 8JB 2554 I7J4 15 50JS J 21 19J4 1W M U4 36 1 ; 81 108JS 2U 1454 72J4 31 1314 13; 07H 4H4 31 73 M 11J4 23 3Ji 1094 4 60 1254 43J4 aiji 4054 10 4 33 66 3254 73 3254 13?S 30 10W G8J4 25 13 K en y, 3054 10754 66 J4 27J4 35; lK 73J4 45 23K 2l" 5i; 83',; 75:. 19 !4 21 3.7 Ji 21 32 12 3W 3J4 575; 2114 U 38 31J4 7954 78 18 M 45)4 92 j; 17i4 113 Ji 114 79 li OJi OJi 45 3654 24 H 27J4 "H 02 10 70J4 18)4 125 70 71 MIC . CJJ, !4 39 oe!4 54 160J4 H2J4 61 aiii ex 8 e 20 8J4 HJ4 IB 52 JJ 4ea; 6?4 13 Ji Ji 16 J 28J4 2'. 133 J a 415,. I:S0 Ntt r. M. Chr. M Jt 30 4- 14 214- Va 58J4- H eji- n 43 - 4 sK- W 1J4 183 - 2 48J4- 114 si - V 164 4- 161 4- 63 - !4 4- 14 31 - 14 14J4- 54 107 - 54 1UJ4- 1 86J4- H 'it - V 1354- W 2C54- K- H 254- 14 154- 14 14- '4 3554 1755 . 43,7T ,!,7 68 Ji-: 14 13i-- H il?4- V ion- l 114 54 4- 14 114 36 14- Ti 81 10854 4- i 3- 14" li 73H4- M 31-1 12 5i 4 Ji 13- !4 87- HOLIDAY TRADING IN LOCAL MARKET Pressure Against Pennsy With drawn Curious Movement in Rapid Transit 4354 , s9 : 78W- Ji 1.4 I ?; 1 ?4 :i Ji 23 3 10W 5 -6C -1254-46J4-51H4- 465i 10b 3!4 4- 01J4 4- 33J4- 55 78 3354-13- sii?4 -li'i- (!8J4 25 15ri-6354-SO'.i-197-07 4-2714-itli-14Ji-72 454-2355- .5544- 1 - Vn S3 Ji- 15', 7't- i; se?; :. 21 - 3554 21 -3J -12 - SM 2J4 5854 4 21 M- 8-38M4- 21J5 79 J4 78 -18' 5J44-92)4- 18154 4- 1I3J54- Birs- 6915 4-454- 754 4- - H4- 38 4-26W4-27J4 4- 1K 63)4 4-10H-7054- 18Ji 4 125J4 70 - 71 -122 - 8 -53J4 39 -60 $i 54)4- 108J4- 83H-!-1?B-31)4- C!6 - 54 8-4 34 20 68J6- 14 854- Si 10-1 5254- 154 The holiday aspect of tratlttip was quite distinct in the local market. There, was comparatively llttla business done In any of the purely local Isstlcs. Trlce movement wus ragged, but altogether meaningless with inconsequential net changes-. One of the mere encouraging fcattiere wan the withdrawal of liquidating pre pre Mire ngnlnst Pennsylvania Hnilread. Dealings In that stock dwindled in con sequence te Insignificant proportions and price en small off let buylnjr Im proved fractionally te 33. A curious performance was given or Philadelphia ltaplil Transit which had most of the talent guceslns. Shortly after the opening there was a sale of u block of 1000 tihercs at 17ai. but the price quickly dropped te 17 en offering!) aggregating less than 100 shares'. It probably reprcEcnted BemB adjustment relating te the income tax return. Trading remained flat in the Ameri can Stores, with the common falling bade te SO. Klectrie Sterage Battery wni up en limited transactions. The offering of n few shares of General Asphalt caused that speculative football te drop 2 points from the previous nale. Little was done In the U. O. I. issues, but the preferred surrendered most of ycitcrday'H gain in yielding te 51. Lo Le high Navigation, nfter epenlngnt QSVi, reacted te (IS en desultory denllngs. The Philadelphia illectrlc issues remained unchanged. Financial Briefs Th Avrnte price of (hj twenty hcIIte in dustrial tpel dee'.IOMl 1.28 vtr eint elr dV te 79.02. while lh twirf.y rallresds do de cllntd .02 ptt tnt te 73.95. A cemmlttue te rferentnt holders of Olavj. Una, Cincinnati, ChlcMO, nnq. tit. Leuis i pro pre pro ferrod oteck. who re dltlna with the offer of the New Tork Centrsl te iehang Its own oleck hr ter hra for the HI Fuur preforred. hs bten formeo. Th Chlle Cojiper Compeny for th thre; menthn enclfsl UDCttmber 80 ropertocl a deflelt of li.OU0.07O arter dopreeUtlon una nil ethor ehargoe. In the crroneni1ln poiieil pf 1020 a ourplue of 1870.00S wBm ehpwit. In Olher worse, Iho buflne vrae ll.B3T.078 poorer than tort ar. The Amorleon .HutarllennhiB Company yetterday neld nn loiue of W.oep.OOO ItrtMn ItrtMn ver 0 pr cnt bends teth Nat'enal City Company and the Chae,Beeurltly Corpora tion. Tlie oeeurltles will te oUtreiJ today Ua-hlly under par, at ft price te yleld from 0 te 0.15 wr cent te maturity. The rjuantaname Sucar Company for the u .. a.j fi.A.t. ft.. .MinH. A 1 Rlr of (918,464 after allewln for,depr)Jatlon and taxct. Tn' comrareowlth p. aurplua In the previous rear or ii.muike. eauai ie 10.18 a ohare en the capital ateek. The New Terlc Stock Bxchanse ha ro re ro eelvid nelle- Uat the MJf dle HlatM Oil Cor Cer Cor peratlon h propeooil Inerjaes In capital arteck from $10,000,000 te $30,000,000. Ixiadlnr of roTtnue frelrht touted l cara Ourlm: the wrjk whla',nAl?..!; RV eonrber 10. cempart'd Wth 747.434 cara dur tn the prevleua wcek. or a reauctlen of 4628. according te rorerts from the rail toads of the United HUtes recelved by the car nervice dlvltlen of the Amer'carr rtall- way Aioeetallon. Thl..Waa a der,i.r'j 05.627 cli compared with ihe eo'SeStt, week lmt (.- .n$ 19i0U ,tuiittSi, uFmu. oerronpondin $. Bwltzerland in the only ceuntfr I.. '.t world where the American Sellar teS.'V belew par. The dollar le quoted Tat !?, ei the Qoneva &eure. The normal rSL1:' for the war waa 6f lBc. The htahiw. 1" atter the atmtstlce wee oitneq wiift Uc The name of Edward B. Jaekaen ,. l peeled for memberahip en tin rpCiJJ..tSl' Oteck Kxchante. n"afltlpit Cosden nletlnn. 9H October, 1920 A Ce, earned net (n petoe .,, but .before depreelalleV v'.'r :M4)00. compared wirfWiVj; The Bank of Una land'a mtnlmum e-ce.,.. rate remalm unchanged at 6 wrctnt. '' . Cnretalra A Ce. anneune that n s . llrlggs he become aoeociatoa with thrai. Hecenlly published regulatlone of , ... IMnk founded by the Soviet n?M7fiiii,1M(.l rinltal aa !2.000.0Ofl.OOn.enn Iv.." -'T It from the resources of the Btate, , ifi t" prelltii are te be held ae regereeTWlii' ie go (e erflclalt. anil the remainder iAc!l!t Hlate. It w III net tiava rl.st .. .. (hi .w'nt butjWlll carry en all ether operatl0?,,Slf"j .The combined net ernlna-e avatievu , dividends of the, wbeldTOmsSKL'8! th Massachusetts Oee Cempiny tii ,f ijvitwi J , tiWT"ii Ufjr- WVTI 13711.2911 -. creaiw of 182.199. or 22.90 T nJr cent Vsi ' ed with corresponding ramlh V.T.Wi go s,ucmn-Aninrieai nujar Cempatrr In 3..r!."."ii .i-"1 --uini?ii S?""5' """. f" "'..". BwiTnn'! preferred dlvtaende le Ill.Bfl I i rtli. "' ii me iiiiisa -JB Philadelphia Stocks ei4I 37 .".'I ... , 1U',4 10Vt 7074 4'i 104 11! 15 0 57 1:18 Net V. M. ch-e. 80 3Ji.. 01 Vf 18'S- i l i 54 i; J4 Is c. )4 14 l?i IK 9i "94 14 14 14 "y 1 1 1 la H 40 VAWt 171; 57 1"" A. 1,5, r.3 .. 10H,.. ie,i 70T(, 1 05 Vi '2 1-10T6.. 12 ir. ! 08 .. 57 4 40 1 .!?. I.ii 0 20 10 40 51 W. "T.ai. 17Vs- Vj 57 lfj 8 10 1 ieu.. 51 54Vj 'AS- 07.08 03.;i8 1)0.04 81 SliJ 02(a 80 103 & 02 46H- ?4 wis 014- 10 354 ' . 28 94- 29 5J-1335-j- 44'4- LONDOIM STOCK MARKET MAYORS TO SWING PICKS Holiday Feeling Pronounced Heme ' Elaborate Ceremony te Mark Start Ralls Steady Kaffirs Listless , of Bridge Werk Londen, Dwj. '2. Granlt Trunk j Silver-plated pickaxes will l lustily s-hnresj wcre rtrens en the stock ex- "wung by the litayers of this city anil , ,, 1. .1 ti 1 r Camden en the afternoon of January fl olmnse ns the result of tb Privy Coun- ite mflrk th nhynicnl heirlnnln of the 1 ?ni. ,i.nniwi ch m nciTm.s-nen te me ceinrracy te np- .wert en the iieiawaie itiver uridne. "" S v,w.. - - - , -- - - ..-.-- ihetkrt 7.03: veal from (he Canadlr.11 Ileiir.1 of .r- 1110 .mayors will ncttm tne .ncmoiuien '.01 J - DIVIDENDS DECLARED Hill I I ..I" "-. "'.- ? ' .'. ' V'S S'X'. W..nt.e..' deciHlen that th. remnvm and ""S.'U S J.V, "V"Ur. " h.k.s.i -,.,! -"b; ' ,''-i ' l ,KH ,.,,,... ,(C!,,.U u A,,1P,''rn,ulet;crlf1l,'' '''-'' werchnrder, be placed. --- 1 ,.al,les il) ill. cherku liu II: ilelglan '" l epurclmbc stiffened Argentine oerdine te the plntm n laid before the enbe 7.CJ'. ehei'KS 7.HJ , punitn '"",. """' "" ":, uui mimw juiiiv unuiii wuhwukieh, wnicn met I: .iii.-! i' ni.''ii. iiuiM'-r y '.' t-r 'tin un ernm 1 ii 1 i" l.r.jfill II In rit.i k of pier.l J.,nuari 17, nn I I jssr cIi 01 errenJ in fer 1 iiiaMc J.iuuury 12 te stccu u( r. '.ril liertiuli r 3U. 1 . 1 i .s't-rv f inpany. irf.uO.iy ! cf 1 r .111 i.rj C"tmiiiiii. vrn-rr. J inil prf- 11 i-Ieih i iv il k in b rip, and inti'is H.81, clif-kH l-l.hi:; mnrks. ,rm. Tin Central Kiirniiean t-vi lninges- te-r'j,.,- wir: in (he main linn, with the ex ception of Itumiinin. The nuutatlnns hit,,: lltilsarian .'i"; Itiiuniiinii .70'i: Si-rliimi 1. "! (Vio-hlevniiinn i.-w;; Kingdom of Denmark 20-year C'"e Rxternnl Geld Benda Price 94 and Interest Te Yield 64 MACKIE.C ROUSE CO. rtKM- 'KSTATB lUL'HT UlIl.Ill.NO , IVnlnut 0W0 Iluce I1S70 1: 1, ' 1 i-f !- .i, -mi. -n rayttb:.! Ju-'n-nliivliin .Ji!l''j ; Oriek -1.111; Vn- , MOM KljIA M ID, AM ilMi'DN PV- . . .. ,,r . I,-,,,.,!!, " l" Vllstrhin 1'ibiiui 1 n n.u i.t 11 nl Jinurfry n-h ...li.i, i'llinis.i ."-, .vu irinii .Hi1., ; nuiMiir.an .mi. v - rritPAys riNvi. qimtatiens ! r ,pi . 1, rtivt .. r J' ; , r . 1 . (1 j irt 1 1 '- i r k. 111 . , ,( 1, t 1. uiiiuL.m. I'l.frie,. j.' yrtl.i l-i.ri..-r I, ui, 1 l' ! lent en areejiit of tH.du.'i.i 11, ii- . ,rs en ,vf. nisi J.l 'r te 11)17. 1 1 .111 X 1iur.1l i''i "iiiLunj. i, ri fr L't'j p 1 I ,'llt ll.t i' Junuarv 11 te m ,c uf n ,rj Uets-ii jtr .11. It It & ft Kmcht duitrtprly 1! hpr rnt en tlrm pri-i rrl. iiajut.l J inujry 3 10 Cablei aliiX ..f r. in 1 U,-cenibcr St. KM 0 1 n tt s.. r , . l, v Vc?ewe uift DasKer T of Fruit mHQt Heuse Grnpes from Bclsium 1 lurui wf iv, .hii-uusiih-jj 1 ni-im -! tSkCMwy ft'MaowecSen -Til- DANK CLEARINGS Hnnlt ciear nee today critniiMreil v;ith cor cer cor ri,i.eiiUiiik illy ..i9i two y-iirs. 1VJ1 lU'.Ml 1110 I'llllH 7L iieii.til.O Sfl.l"Sl Tiir, M; IU.iy He, 1. .11 45,n"0 noe r.i).2iin 3sj lieiuinf V nrh il'li imll.OOOKll sin 7.-.I II. ll.lay I llu-dBO. SI 8V0.I1UU 'J'J.iilV !'- JlelnUt French Bank Statement I'nrli,, Ucc 'JS Thj wrwkly ni4.11.rr.-1t at tl, 1 H.inli if 1'ialnii el.eua il.,- f.ill.ni Ini; . Hun is Ueld In lmri.1 Inrr,.at1 ij.nitii iruutK tilvrr In hbnii Inrreuweil 131,ur,0 111KU4 in clrculiillun uVrneijuil 10 U17 "00 trenaury di-iijolte il 'creased 'JD 107,0(iO, fen erui ikik)hiis increanea isi u:i,iuu. oil St.-ilfiB n ii.' i l.lr' liull'lr . uCi .....: 4.21 'n Tim 4 r.i au.Mi iuLiAy.S nt'KNINU ULTTATIONH Merllnit rranca I.lrn aulldere Dem:.n4 ... . 4 in'i 7 (i:t l.lOVj mi SO ... I.V ,.Wf -m uv w,.u NOON yUOTATIONH dirrllnK France Lire, aulldure ,... 4.in 7 HI 4.4f.'i .... .... 4. ID'. 7U2 4.10 Dcman'l Cabins . nte.uliueiiB. I yesterday. llm oil group displayed etabi ity, but) a-h0 parnde in Camden will be at chniiFCs were narrow. Iteynl Iiulcli 1 0:30 A. M.. and then will return and was flO. Shell Transport nnd Trading start in Philadelphia nt 11 A. M. It 4's and Mexican Kagle II 11-1(1. The will be followed by n luncheon nt the industrial list was suuperted nnd held Helicviie-Htnitferd, niul the ejer well. HiiiiHen'fi Hay was R i)-l(l. Tl e , cluci en the pier will htnrt at 2:30 1. rubber department wan dull villi the M. Governer Sproul, ns chairman of (.tiitile. Ivitfirs we-e IikMi-m!! ;in,1 !.. the rommissien. will nreside. nml Imili dined te re.-edc. he and Governer Kdwurds will make A'terniiens in tlm sji-pdsrd li-r wer'i 1 nddreswn. The Mayers of the two cities mall and ( heckered. Tim tendency of ' w te cive short talks. CALL MRS. RAIZEN INSANE H'nall and ( lnvkeriHl. Tin Iem lener IVeiifh leans was easier en ins te heav iness at Pari.s. Tlin nttendanrn In the lloiiKe wan licht, and the holiday fwlinn vas mere proneumvd. MONEY-LENDING RATES vkiv YORK Meney en call. Imili claascn if culliiternl. npi-ned today m 0 v- cent for ' riling nnd riiuwlia- iini.ii:t,riiiA cii riH ! ttnie. tM li-r cuit. ceiiim, n tlirie tj al menthii. f." WO ir rer cent; .ul lupur, ir.t. I IlOR'r n . . 1 Nw Yer.i . I'hliailelplil I Clev.-I4lll . Paris Bourse Dull ,!"?"'., Turle. Imc. 22 - -Tradlns wart aull en trie (i.nicaae Tkrurii tedny Tlirce per cent reniee, ram 0 7 ciitlineiil excliansa en Ijndiin BAR SILVER Her ellTer win Hd lower In Iinfien t"4ar, ut flGVid. Reserve Bankc Discount Rates Off clil rmllneeunt rDtej nt the tuelve ri. .ral lltHT. llft.k re no fellow-. Treai r Hi. Cem1 1 Iliim. .i.n i.uii'in x-.iijfli .,.-., 4'- h M St. I.oule . . 153 Mlnnenpelln dmce'iiitaj dccrcimed 102.834,001). aiivantva fiancbi S Der cent lemi, 00 franc 20 cn-1 Kanvaa City luerenaed 3U3.000-... aavnnrea te ttm Hlate 1 tiinea. The dollar t quoted at 12 f runes uiaiiae ivwiiiiyu unwuiiuicu v i,wvv,uvu,vvVf. 'aipcarirnrti. 41 B .1 3 S 0 fcan rrandiice ... t . t! r 3 S n .1 r, r 2W R 5 n A r b Four Alienists Declare That Weman Slayer Is Unbalanced New Yoe-k. Dee. 22. Aaren W. Iat,. , counsel for Mrs. Lillian S. Ilaiten, who Kiuee wr. Aiirnuum uuehRtcin, inti mated yesterday that within tha next f"w daj'B nn application would be made te Judge Martin in the ICIukh County Court for the nppeliitrneut of u coin cein coin clNKlen te examine her ns te her ranlty. Mr. Levy paid Dru. Kdnard H. Hlekii, (J. Iaham irarrlH, Cliarle'j W. Illsrim and Geerge II. Klrhy, allenlitacmnleted by the family, bad found Mrs. llaiwii te have been insane when she eliet Dr. Gllcknteln, and insane also when she wiiN examined in the Kaymeml Htreet JJM lllch 7.-IV7 no Am stores my oil rirt a ti. eaV J in, dm 1IHJD, J-7i e '-TitAtchiaen.. 01 UOtAnncendn. 4Si& 70fO M & Rt Paul pf.. .10 IttCeRden... .".7 OlOKlcc Ster.122 !l F3 la It It. 53 lOAfKrie 10U KKih de 2d pf. 10i 2)TFam l'lny H)k L1I fliin Asnh ft.TI.'. ----.- ..,... "-- luuTUcn Aitrs 11 netlnt Nickel 12 'UTKcut Tire lt 100 Lake Sup. 0T(, 2nih Nav.. RSj rtn 7.11 Vni r.7 HOtMcx lVt.'.112 lll"i 112V6 iu fennn t;cn LlRht pf. 41) 287 Penna It U 33 78 Phlln Elcc 24 12 de pref.. 27- 10,"( 1'hlla U T 17?i (lfl I'hlln TVn ,-.T iVltPnllinnii.. 107''. 107 V. 107", 75Tes (Jlf S .".7i 110 i.? iiciTies ec rap r aj ue lHHTTrauH OH lOSL 22 U (J I.... -J0H 27" de pref... el 20tUshubbrCni 40 Yerk Uwy. l)k tNet ehanse made by eomparlnen with lait ale en New Yerk Stock Exebance. rinx.DELTin. iieNns 10000 Liberty 3d 4b '2S.... 50 Liberty 4th 4Wh '38... 3OO0 Libertv 4th 4i,ih T.S... 181000 Victory 454, 2:i....lets.l00.02 i.(H lctety -4J4s ',T...,iets.l00.10 000 Victory 4s '23 lets. 00.02 1000 Amcr Ghb & Klcctrlc Hh. 81 ew Ainer tius tv Kiectric os 1000 Amcr Gas & Klectric I5s 14300 Gevcnimcnt of Cuba (is. , 2000 LehiRh Valley pen 4i(,a. , 1000 IVnnsylvenln flie 400(1 Illlln J-'livfrlr. lit n. 2000 I'hlla Klectric 1st 5s 02U IIOOO Phlla Electric 6 lets 100 12000 Phlln Electric fls lets 100 (WOO Phlla Electric Ga leta 100 1000 Reading Terminal Cb. . . . I)8,f. 1000 United Itullway f3. 70 $10,000 SILVER SERVICE STOLEN FROM BARONESS Gift of King of England Taken Frem ! Closed Heme New Yerk, Dec. 22. A $10,000 silver net-vice, presented te her by n Kinc of England nnd benrlnc her mono arum, waa stolen from the home of the Uareness J. d'Estrellls at Lens Beach recently. The Uareness is in France at present. As a result of the failure of the Leng Tieach police te report the rehberv, District Attorney Chorlee It. Weeks, nt the reqncfct of Charles II. Henejen, the fingerprint expert, will call the police befere him and demand nn explanation. When the house nt the beach was closed everything was made becure and the key was left with the pelice for their use in the event they had occahlen te enter the place. Last week the Uareness' secretary went te the house te eel tin automobile ami found this fccreen in the back of the house broken. Further invu.tleatlnn revr ulcd that n key wen in the back ' noer. wiicn tne seeretnry went Inte the house he Haw that the silver Berviee, consisting of 272 pieces, Including spoons, forks and knives, had been taken. He reported te the pelice but received Mich little satfcifactlen that hu went te the Dlxtrict Attorney. Charles II. Hanren was then wnt down, nnd when he nrrived he found the police In the place. There was nothing left by which fingerprints could be obtained nnd Hainan returned te MIneela and recommended te his chief that the pelice of Leng Dearh be sum moned before him. Hansen's Invcstliraflen nreund Leng Ilcueh. it was aid vesterdnv. flUelnu..,! that there had been tweuty-0110 rob- I uerie.s uiere since tlie various houses were closed lest fall and that net one of them had been reported te U10 Sheriff or the District Attorney. PROBE CRANBERRY GRAFT Price Jumps Frem $3.17 te $33 a Barrel In Seven Years Chicago. Dee. 22. (Ily A. P.) Tlie City Council High Cost Committee will investigate the "corner' In the cran berry market, it was announced tedny, 111 u result of en investigation by Itussell J. Peelo, secretary of the com mittee, which disclosed that the price of the necesary fruit for turkey sauce had Jumped from $3.17 u barrel in 1014 te $33 a barrel today. The price last September wns $12 ptr barrel. Hetail merchants arc paying ns high as thirty cents n quart nnd standing nil the lean en snelliwl lvm-vlaa a,,,-.! ting te Mr. Peele, who says the blame Is upon the wholesalers in this par ticular instance. Raw Suaar Moderately Active New Yerk. I)c. 22. The raw eusar mar ket is moderately active and unchanged wllli yew crop CuUje quoted ul 2,., cost ur.d freliiit. ana the committee' price ji 21c coot and frelihj. In addition te the ealra ropertovl yroterdai', the local renntre pur chaied 23.000 tail 1 new crop Oubaa for Jan uery ehlpment at 2e. cool and freight Ar rlvala of riw Included B1.00O ban Cubae eonalmedte the Werner Omar Ittnnlns Coin Cein pany. The local refined market la un counted at Sc. Itse i per itnt fet caih. 1V laiaHLB 13) UAH". SrLt WiMM Wc liavc prepared some very intertw't ing facts and figures en New Yerk City showing the real strength back of its obligations and the attractiveness of the 50-Year 4cVz Bends Eremfi from mil Ftdtrtl Imctmt Texts i frn Ikt Imfmt Tem tj (I 5M Nta Yrtk Lerd (mvittvtret in Sniafs Bttt tmi Trrtit m Nrv Ytrk Suit Price 104M and interest and Yields of Taxable Bends required te equal 4.269 basis when held by a resident or non-resident el New Yerk State. The National City Company National City Bank Building, New Yerk Philadelphia 1421 Chestnut St. Atlantic City Chalfonte Bleck, 1225 Boardwalk Ofittt e aer ( Pifry OH m U (JaXKal SUm 4 Cmtm. Alliance Gas & Power Ce. Gen. Mtge. Sinking Fund Geld Bends 8 Series "A" Dated January let, 1921 Due January let, 1931 Redeemable as m vrhole or in part en any faterwat date en 30 days' notice en Q baU from callable date te maturity. Colonial Trust Company, Philadelphia, Pa. Trustee COMPANY: The Alliance Gaa & Power Company does the entire electric Iijht, power nnd gfta business in the Cities of Alliance and Sebring, Ohie. Total authorized and eutstnnding aeries "A" Bends $200,000. LIEN: These general mortgage bend are si lien en th entire property of the Company, subject te a closed issue of $351,000 first mortgage bends. VALUE OF PROPERTY! Messrs. Ferd, Bacen & Davis, who made a report for us en this property state, te replace the physical assets as of January 1st, 1921, would cost a sum in excess of $1,500,000. This is about three times the totel amount of bends otrt etrt etanding. EARNINGSt Fer the four years ended December 3tst, 1920, this Company earned its interest charges jap the average of 3.92 times. Including a full yWSF interest en the new bends, interest charges were earned 4.06 times for the year ended December 31st, 1920. These Bends, Which We Sold at 100 and Interest Last January, Have Been Called for Payment as of January 1st, 1922, at 113.7535 TAi's is one of the Public Utility issues ute handled thia ytar that iva net previously advertiied BROOKE, STOKES & CO. Members Philadelphia Stock Exchange 140 Seuth Fifteenth Street Philadelphia 734 Fifteenth St. N. W. 102 St Paul St. Washington Baltimore yifirHnm KEEP YOUR ASSETS LIQUID Don't build that machine shop new. Use your capi tal in marketing your prod uct. Utilize our facilities for manufacturing. Our service covers cverythlnjr from blue print te blll-ef-ladlnrr. Heavy work a specialty. Let us quote, NAZEL ENGINEERING WORKS Manahttarint and Contracting MACHINISTS 4041-4051 N, 5th St,, Philadelphia m -1 ' fjll SPraee E A Natien.Wicjti Market Liberty Bends Victory Nete asJ Treasury Certificates xcuarmts tat ammo Commercial Trust Company Usmtttr r4ni Rsstrre 8M? City Hall Square W I 1l A. . iifcvfstitffcAsprty
Significant historical Pennsylvania newspapers