M&n
'j,:m(
?-rr"W
j W "'tV' ' teVM .--, c i ,jf ,, i -,i. M1J, --'rtf 'V-W
fls
. J
' ' K T - I
t'
EVENING HJBLIO LEDGERS-PHILADELPHIA, M0HDAY, JlAjfrtfARY
IV
2,
1922
. Li.j L
sutfzr,:.i!3
tTflM.
I
my
IP
Six
Selected
Bend Groups
A. GlhfJtt Wt Sulflk fr Elattx
M. fiffc-fraeV tenf-fcrm Wt.
C. BtallinlSlMH-UrmluMI.
,Q. Ijllh VsiMflene Oattalm.
V AJ'!&!l Ctnvtrlith 2Wt
F. A WtlUaUncti GV.ua CemehMfltn
Thar ara five bendt In each croup,
aelecied by our bend eiperta from
lha entire Hit the outstanding
opportunities avallabla te-day.
A unique shaft la alie Includad, re
jaailna the rapidity with which
wnda bought en account pay for
Uttmselves If Interest la applied to
ward payment of the balanca dut.
Investors who are Interested In pur
'S?i ' """i bend of ,n switching
JiKvciiK neiuinge into mers
attractive Issues, should find thla
circular efpractlcal value
Copy senf frt en reqaesf
Ask ter P.A.23S
"Alwayt Without Obligation"
S'S'RuskaySCe.
K3TADU3HED IB77
Mt-nbn ConseltdtUd Svc)i Eh of N Y
1903 WALNUT ST. ntlLADKLPIItAJ.
Pfen. Locust 7 7GO
fcfbK PtuisuwcM Ootre DmeumrOtUOf
Dlrrct Pnvat .Vint 3yst
BRIGHT FINANCIAL
SKIES FOR 1922
Little Short of Phenomenal
Results Obtained in the Re
construction Program
NEW YORK STOCK PRICES FOR 1921
The following tnblcs glve tliel
fltirtuntlens of the prlucliiul tcks
trnilrd. In en the New Yerk Stock Kx-
chnnue during the yenr 1021, givlnc the
lilxh
Middle Stntei. 10
Mitlvnle Sled. .Wj
Minn & St I. 1 m
lilKh, low nnd lnt prices nnd the net,j Kll'&HHM "I1
fitytttnt . at. . . .. I '
flmnges for the jenr
V
ctlone (
en he
etball
i eked,,
hnnc
In
gulnrs
allns.
5d Wei
lese be:
eved te
In no
inebnll c
cxns Ac j
rncd out
t In tode
The -'
mes, nm
ere of 37
ere of 3f
perlencec
aOMh
J geed
the Cel
lft Spruce 8200 g
ip-" vcak, nj i
A Natien-Wide
Market
for
Liberty Bends
Victory Notes
and
Treasury Certificates
SECURITIES DEPARTMENT
Commercial Trust
Company
Member Federal Reierve Spttu
City Hall Square Wcit
lENTItE CO
' the little
u Clinrlr
imn were
rlnterfd t'
The blj
te 0. In
iycd. In
mbrldce
in the 10:
:ted his di
nothing.
McMlll
eved te b
But tb
iveled te
This' ,
e class..
is var
What is the
dividend record?
'TMJE chance of centirruanc
of a dividend en any stock
may be mere accurately de
termined if one li familiar with
the dividend record eyer a
period of years. Past per
formance is a reliable guide,
in most cases.
The Invester's
Pocket Manual
is a handy 272-page book that
cives dividund records and
high and low prices ever
period of years for practically
every American railroad, in
dustrial and mining corpora
tion. In addition, it gives
ether valuable statistics for
the trading public.
Call, teleplter or write for your
Irrr vi -I hn til, t F 11
1 Wm.H.McKenna & Ce.
Widencr Bldg.
PHILADELPHIA,, PA.
Cltlease Pateraen
Philadelphia Pituburih
! The year 1021 iinn.iirtlennlly will fn
down In the nnnnlt of the fmnnclnl
world ns the reeon'-truefieii yenr. The
leconipliehmeii's from whatever tingle
they nre viewed nre little rhnvt '
niirnnmcnnl. ler out et u condition
WderltiK close te chiten there were "
tab1lhed order nnd harmony. The
eurntlve meniurc1). It la true, wre ilrnt
He. hut they brought the results sought,
nnd the financial nniltlen of the country
today Is stronger than It hits been for
many years.
The year witnered n wide spread of
the liiifdncst tlepreiwlnii with the pro pre
'urtive cnpnclty of the country's lend
ing industries cut down te the lowest
chli touched In n generation. This
necessitated n wholesale reduction or
tispcrmlen of dividends, nnd before tli
finnnclnl skies showed sletis of clearing
'by mid-summer necnritv values were
forced te the lowest level in years ; In
i number of InManres te the iewrst en
"'erd. Thnt Is all new pnst history,
nnd with many ether unpleasant mem-
irles of th ear's hnitpenlngs the rnnk
nd flic of the finnnclal community want
te forget.
The j car. In truth, from stnrt te
finish, wnn a very trying one, but preb.
cms wnirn seemingly were insur
mountable found sntNfnetery foltitlen.
One ebstnrle nftcr nimthcr was overcome
In both the economic and fundamental
'illations. While this applied very
largely te the domestic situation, there
'vore, nevertheless, ery happy reults
obtained in the readjustment of the in in
triiatlennl position.
Most of the Knrepenn problems. It Is
true, are still fnr from final settlement,
but sufficient satisfactory progress has
been made within the Inst three months
fe lend hope of mi equally quirk n)lu-
'Ien of these worries ns was the nine
Ulth the multitude of sticklers which
onfrentcd the llnnncial interests of this
country nt the dawn of 1D21. The
litistment of thce troubles Is no
'enger hclnir handled In a vMenarv or
icurteienl style, but Is being met bv
the application of businesslike prlncl-
es, which are nlmet certain te have
such results which premise n speedv
restoration of nermnl international I nnMwin
e.iv Him iiiiiiuriiii ceiuitrinns.
One of the most remarkable ncrum
plisltinents in the reconstruction pro
gram was the rapid correction of the
iMverstrnined credit situation, which wns
uue iu ii Bri-iti extent te masterly linn
dling of this delicate question bv the
officials of the Federal Itevcrve Heard
nnd unanimous eo-epcratinn of the
member bnnks. This was reflected In
the progressive reduction In the redis redis
ceunt rate by the Federal Iteerve
1 ?,. 7 nn" II ,s 1"lte certnln even a
still lower rate weul.l imv i.n..,
cempllshed had it net been for the fear
Adams lCxp..
Ailv lluinely..
de pref . . . .
Ajax Ituhber,
Allied Chem..
de pref
Allis Chnlm..
de pref
lllcli
5.174
mi
52
r.n"4
1031
mi
Nt
iMit Inst rhce.
2(1 M, CO 25
10i,. 107's li
Am Agr Chem (15'j
de ptef 81
Am licet Sug 51
A... it U c. t. r.tr'xr
.1111 it O X L I'll yH
Am Hen Mag. (!"'!
1514
31
S3
2Sji
07 '0
ai',a
.-i I
ft'
2! I '4
3t i:s
17V& 12
n-'-ii2
103 10'.
I Me Kan & Tex 3
I de picf IVJi
Me l'aclllc....' 2.'P,4
de pref ')
Mout Tower .. (!;,
Mulllns Iledy.. 2.-''s
Nat Acme. ... 30
1 Nat lfiscuit...l2Sij
'X nt t'le &. Suit JB-ji,
10
oe
03
1
,53'412
l.i1
Am CVin .... 35'i 23K. '.K',4- S
de pref 117 "0 ll 15
Am Car Fdy.151 11.i 1 IOi-!-2,"''s
iiw I" tv i
Ant lnlernnt'1 r37s
Am Linseed.. 112 Va
de picf 1)3
Am Ice ....llOl't
de pref 11,"
Am S & C 11
Am Smelters. -t7Vi
de pref DO
de Ser A.. S1
Am Snuff ...lli'
Am Sugnr. . lilt
ile pref.
.1.-1A .l.-i 13".
ti 4 -Pit 2,
113 12.s'5-f .si
13,-t- ."s
5s7h 17's
S2 4-10
72i 2.-1-1
HIS iei;
.'(()), ls-S
50 2."
10s 2(1
13
3
.at I tin ic Cn
Xnt Kit & Stp Cm
.sin i.enu .... Pi
15 "J
U
'IW.
(W'i- 3'S
::eii 2d7ir
57 Vi 21 ij ' Xev Cens Cep
:-t', 7ftS V Airbrake,
de pref lltti', 10" 11
Am Cotten Oil 2l7i 15T4 2ij 3Kj1
de pref. .... lii
Ant IJrug Syn Wk
Am K.xpress..l37
Am II & Lea 1(1
de pref 02
Am Ice 831?
oe pret i.iyt
8
III I 't
12
57
21 H
r
3!)T4
i.i'j i"
OU 113
P. t
15ii 11
MP ilO' 1
2U-!S
(13 'i
03 .V7 l('.lj
!).") llli's llls
17 5'l7i 25 1,
07 tO S5 M'i
X V Central. . 70
x Y Deck ... .;:
X VC vV St Ltll 14
X V X II & II2.l(&
X Out & W L'3',4
X y Shlpli'd-g 3.1
Xerf i: Seuth l.'.'i
Xerf & West. 101
North Amer ctf !(!
de iiref ctfs lll.
North Pacific. KS',4
Neva Sce Steel 3!l
Ohie Hedy&Ill 11
Okla Prd & U 4
Orphe'ni Clrc't 30
Oils Kiev ...MS
Otis Steel
Owens Het ..
l'millc Lcv ..
rneiiicd ,t n.
1'aciilc Mail..
Pa. tlie Oil ...
Paclllc T & T
10
.51
1imt
(W
17U
till ,
r
Pan -A P & T 70
de Class II.. 71't
i-ansn iv King 1 . 1 ' .
1 .iiiiinndle
10
33 14
-13
IS
10 Va
102
15
20
7'Ji
I)
47J6
01J.
20
30
12
10
13
8
M
324
'M
OIK
20
7V4
S7
H
21
8
27Uj
3S4
3M,
31
!)
. . Net
Ist chre.
13
27 4
Vi 74
03 4ij
1 Xlk
2- 2
"I 2
.
lAir
... . 'h
woeiwortn ...littlYi 10.
de pref 1105 I"
Werth P & M 55V. 30
de pref A.. 85 70
de pref U.. 70 CI
Net
Lt chcis
iun--ai'
115
45
ui
crx j'l
00412
tat ehis
j28
(VI
20
10
20(4.
&
ft? L (?
V. 3.1 n.v.
H
'4
M
ae 13
7- 13
73 14
53 1 .
1 r-fl
::. ... "
-e4- 2
13 (s 7.
OTft- 2
d5 ..
31) . .
770
2314 l)ij
2
14 12
122 fla?
Kit. b.
25A 10
O !
Wright Aero.. 0. 04 8..
Philadelphia Stock Quotations
The following table rItcs the year's
range of lliictuntleu en the Philadelphia
Stock Kxelmnge of .the principal local
stocks, giving the high, low and last
prices with the net changes ler the
year:
Nat chKA.
1021 from
Iltcti Ixxv Clese 1010
Alliance Insur. 1U 17 10
Amer Stores.. MA
17
11
87
C315
n- 2f.a
47 5
58 20
521, os
47U21
12
J.
.107 1
Am Tel & Tcl.110 !).-, 11 1 10 . ivnnn UaiVead 41 -if SL'H asrSJ! 0
Am Tobacco... V.W 111 131'10 Prima Scab Stl 17 0 0
Am Te!mc(I!).131110 12S 17 P.,,ple's (las . 01 33 ftT I 207i
Am Tobacco ! I'erc Marn. . . . L'.'IT, i-.y. enu I "11
pref (new). 0!l SO f)0 0 ' IM Ce .... 31 ,b ilZ n
Am Woolen... S3 r.7 8121 Philips .Tenes.l().-,i; 37 10? 7?i
de pref 101 03 103 ?1 i , Plil 1 ps iv( ... 3 i( 33 fi
Am Zinc & I, 14 rty 13 Ji Pier, ,!-.r,ew .42 0.4 131.- 0
de pref Ki 22 37-- 7', , de pref ss 21 31 S.VI
innrnnnn in ii I . :i '. .i!i.'--i.i i' n.,... n it. -,
sse Pry (Jd.s. r.lli
de 1st pf... 7(114
de 2.1 pf 7S
Ars0 Oil 107
Atch Tep &,
S V 04
de pref .... K
Atlan Ce Line 01
Atlnn Uulf ... 7(1
de pref 4i;.
Aus Xkheis.. 13
Le...100:,
de pref lfi.i
Halt & Ohie. . . 42
de pref 50
Heth Steel.... 021..
de (II) 05 "
de ( per cent 03 14
de 8 per ceittl7
Hroek Hap Tr. 1 1
de ctfs of deb Id
Hums Hros.. . 122
Hutte Superior 22
33
Huttcrick
u.i.ie wii .... ii.73
i amer a l'acK 74
, and unbridled speculative enthusiasm. (X nn V&; 7 ,
Centrasted with n yenr nge, theuien- '" V1'
letary situation confronting the nctvl w t,. 1" 10 ?
J ear seems little short of pheneme ml C,?( .f"'"- t1
A -tear ace nt thu Mm. 1a.,..i,i.. f..., "( lTtri ".
21
55
45
01
701 i
IS
15
"
021,
115
30
47
30i,.'.
41 1..
S7
03
0
31.
M
10i;
3
UK.
T.
-.3
's'
7jl-.
77 's'
102-
0210i4
S5 ,S'..
M 2 "
31 b'tTs
21 -23
!'
0M,-rl3
101 11
3!ll
52
52' 1
00 2
UHI (1
(! 3
..1
i's 1 de pref 7.S
11 jPlttsh'rgh Ceal Of!
ill "s . Pitts. U'nt Vn !!
12Kj Piesse.l S Car '111
Pred & Kef... 3J i'.
Pu'lmnn Ce.. .11 pj
Puna Sugar . . 51 1'.
Pine Oil 40
Kwy Stl SpgH O'li .
de iief 107
l.'and Mini.. 2(1
Kav Cen Cep. 1(1
Pending M)ij
de 1st pref. 55
de 2d pref. . 57 'j
Hem Type.... 3s
Hen M Tinrk 'JH.'.
Heplegle Steel 3'ti?i
7.M. "4
!H! "4
0'l
1
) J:
41
."'.
ear age at this time leanable fund
were next te being unobtainable or
else at almost prohibitive rntes of In
terest. Seme of the lending corporn cerporn corpern
' tiens with unimpeachable credit were
1 compelled te pay 10 per cent fnr urgent
funds, and for the grcntcr part of the
'tear S per cent was the ruling rate.
There arc fcigns already present which
(would seem te Indicate the possibility
. nf rtinnaw Viannmtn .1 .a '
. . i i ' """""; n urug en tne mar
1 f J.C tl,e ncw J"Mr 'i m""y months
J!1'; r,h.1'' Y'0"1'1 '"'i'm t0 be nlmeHt nn
believable, but It Is nevertheless a fnct
if leanable funds keep piling up at the
' ruie tncy nave the last
niimiiiH, money win surely
uruc.
tstcrr
Edward B.Smith & Ce
1411 Chestnut Street
Urmbara Nm iuni and t'nlUdalctita
Bleck Ezcbanaaa
investment Securities
Philadelphia New Yerk
The almost revolutionary change In v n?ari
the domestic money situation found di- ' 't
rect retli.nlinn l .... 1..11. "I'll la
1 1 ... . " -""rauie re
vival in the bend tnnrbnr Tl. ,n..i.l
1, 1 enhancement In bend values enn be ac
cepreu as a reliable barometer of the
falling earning power of menrv. for ns
the rate of this commodity dec lines that
eiK-h higher go bend values, thereby
bringing the Income return of the lat
ter within closer parity of the earning
power of idle funds.
WANTED
Experienced Correspondent
for Stock and II. mil llnuap. (.neil
aalary te rlcht party. Only tliete
etatlng, centldentlally, experience,
aalery nnd reference will be coii ceii
aldered. I'. O. Dm 1481, I'hlla.
Cerre dc Pasco .'IIP
( linndler Mtrs. Ml
Ches & Ohie. 05
Chi & C.t W. 0
de pref 20
Chi Mil fi StP 20
de pref 4(1
Chi & Xthwest 71
de pref Ill)
Chi A I & P 35
de Wa ...
de 7 ...
Chile Copper
Chine Copper
I ' llnf r- 'jmhilr
two r.. .i..
become a I Cel Pud' ..'.'.'
Cel Southern.
1 . . .
emi) Tab . . .
Cen-nl Cigar.
Consel (Jus. . .
Con.sel Tet. .
Cent Can
Cern Pred Kef 110
i esiien V le. 4 1 's
Crucible Steel. 10"i..
d pref..... Ill
Cuba -Am Sug 33
Cub Cane Sug 20
de pref t!7T
DavKin Ch.. 50
Del it IIud..ll0W.
Del L & W..240 "
Deme Mines. . 21
KM: Hern Ceal 2.T'i
IJnd .lohrfsen. M
de pref 1001.'.
15
Wi"4
.l.i
Jli'S
20 U.
(I-Ji.
43' 2
.'!"'i
107
v$
01
05
21
00
RESlL
GIANT
NEWBUfiGER,
HENDERSON & LOEB
Members New Yerk and
Philadelphia Stock Exchanges
1410 Chestnut St.
tys He
r
William
billies, s
iance of
clcd hf
cagtie t'
r vrnr
u ynr
s bem
sued t
"Yeuv
ipslble,
tradeO ,
a trt"
nd lat s ,
euldn'C
1 Phlla
iwn te ii.
JSafe Bends for Investment
jHALSEY, STUARJ
& CO. Inc.
Land Title Dlds.
thnne, Lecuat 4930
it is net 1021. but rather 1022 in
, which most everybody is most con cen
'erncd. While business conditions could
I be much better, recognized authorities
;are confident in their predictions that
within the ensuing next twelte months
I there will be a gradual and steady re
turn of prosperity built upon saner
sounder nnd better business principles
, than the country ever before enjecd.
, ine steel Industry has reneU.l ,u,.
i pauper stage, but the outlook, according ,..","
j te trade expertH, in bright for V.)22. . " "
I l, i-uiiper imiustry, which linn been in
a state of tnfercisl idlenesn, also gives
Indications of hnving turned the corner
with premise of early resumption 0f
- production of the red metal. The meter
I Industry from all accounts hau left the
worst behind it. nnd e.,, h .u;L.i
ized sugar industry has reached a stage
wherein a normal condition is within
" 1h ; ,S. ,wlth ,lll'SP """' Preinlsii s
Mde lights, improved conditions and rest
nig en n stronger foundation than oe.
cupled for manj years and with prices
of the representative issues ..n an nt
trnittve basis tin security markets will
enter the new year with mere prepi-
,. , ,V, . '" ' ?." ""..""" ITOH
,- . ....,. Mk 11JI- U1I1 f T
net only
11)21. hut any of the postwar years '
New Ye.ir'8 Day, being a legal bell-
daj,
were
?
MCwn&C.
AU'lUMOblLli
INSURANCE
XJBEItTY Mt'TCAI.
'ttanri Lneiist IOTii
INSmtANCK CO.
'' a a mi, h.
4.nriAin )in
dre? any1!6 iCeiitral National Bank.
iew Heme c t of Philadelphia
Jpncns0 te Chestnut Street at Fifth
t oniinese1''"''"'" -"."i-','Jrfcrrt4.nw.
slnhla werer-s
ear's i:rnyrn DftPlfCVe Sin
uiu go te tfihunbiii nvvnia e auu
ucss- -CirtUied Public AcceuntanU '
Ne Pexlnr Jfcl Buildina, Pbiladelpbia
MersaetawnJaaegssss: ,
, lntaroelliarjlirl
rev.rfc.R0TECT DRESS DESIGNERS
t ran- te tin
w'r the apvrrranch Court Awards Damages
ISr,lfmm'n Aflalntt Style Plagiarists
, wert i Pepart,, jnn. 2. Ilnling that dress
,efttlens nre werku of nrt nnd as such
Tint Dronejd protected by the counterfeiting
ievtarUM. Kr,. a Paris court has lulllcted fines
hi.tiii ''"""'amageB or auent i 1 11 caen im n
k.'in, which, it was proved, had
he, model gowns of a Paris
me iiauics nini trn.u -,-...
closed and wh ;i. u"i,"."" ' 8
all linen was suspended. In the ab
sence of fresh iiifori.iutien en which te
li w reliable ..notations, our usual mar
?J W&ulT utreantil em'ed from
350 UNEMPLTJYED SEAMEN
GIVEN DINNER IN CHURCH
1-L.t n ..
joeicss sailors Receive $1000
Clothing for New Year
uore man ...( unemployed seamen of
pert were given u New Year's dinner '
Kilt At tllf. I I'M tit nn.l
Ins'utute'a'K'h f ,L" Sc"ra,;n, -urch
' mnri ."i ,,ltakcr ,ll0"ipwn, chair-
1 man 0f the snpiier auxiliary , was In
.urge of the dinner, assisted by Mis"
1 Pauline Hewie nnd a number of the
a---"e-- --. 'a-llllUlllIltTillt'Ili: U'ilH in II I A
In
tb.
hist
lilt
i
15
!s2
07 "
13
1)11
10
2l 1 1..
-.-
. 7S
. 7n
.H.'Si,
3
101
22
57
23
3S
40
if'
17
20
00
05
22
fill U,
(isa
0
1!H'.
10
32
27
2
13':.
77 i.j
12'",
31
50
22' '
40 "
77
10
5'"'
13
23
HI)
li:i
10
Hi
52
!s7
10
15
10
41
71V,
-'J'l
7i
s
Id..
30L.
51 '
100
0
OH
00
20
021 .
Oil
('
"s
2",
3
':.
314
3
1
l's
n
i,. ii -"..in.t.-iin-ni, huh maue
that the unemployed sailors received
mere than $1(100 ew clothing bo be
tween Christmas and last night.
1 ., Mr,", fterp- ' Themas, chairman of
the VeineiiH Service League of the
-1 Church of the Hely Apostles, has in
1 1 vited KM) unemn eved t.. umnu i
eKSSs
V',r ."nttallen Hall, Twcnty-becend
and Christian streets.
tonight in the Cambria street branch
of the Institute a big New Year'H en
tertainment will be held for the sailors
of Pert Itichmen.l Tlw. .,min,.,,...i
will be in charge of the Ileatlng depart- 'reu1,'' & A,'ttslLil,'m
Mie?,T.',)f tl'f.hristlan Endeavor Society M"pknl' u pf u?..
of Philadelphia. 1 Minimi Sugar S0
Manhattan Klv 5S
r.. . ! f. ,.!.. il, Sll.ll- '0:i'
Ki ie
de lnt
de 2.1
Plnj .
de nref
IVd M & S..
Kishcr Hedy..
FIlt Rubber..
Freeport Tex.
(Jnsten Wins,
(len Asphalt.
(!en Cigar . . .
(len Kleetrlr
(ien Meters. . Hi1 ,
deO'; iiebpf 7::i
de 7' r deb (if S5
Ooedri.h Hub 41
de pref Sit
Great Ner pf. 70' i
Ct Me Ore cfs 35
(itiant Sugar. 10
Gulf States S. 511
Ilask & Hark S2
Hendee Mfg.. 25
Homestake M. 01
Housten Oil. . Ml
Illinois Cent.. 100
Indiahoma Hef 7
Inspir Consel. 42 'i
Inter Censul.. 5
de pref lii
Inter Agr ... 13-
de pref 57
Inter llarv. . ,10i)U,
Int Mer Mar.
de pref
Inter M Truck
de 1st pref,
du 2d pref.
Inter Nickel..
Inter Pnper. .
de pref uta.
Island Oil . . .
InviiK.b'e Oil.
Jew el Ten . . .
Jenes Hi os...
Kan C Seuth.
de pref. . .
Kelly Sprgfd T
I Kilsey Wheel.
i Wennceett Oip
Keystone Tire
Lackaw Steel..
Lake HrleiW
Lee Tire It K 30
Lehigh Valley. 00
Ligg & Myers.KH
de pref 110
Loew Ce 21
l.ll l e j , 7
Loese Wiles.. 42 .'ill
Lorillard Ce. MOV. 130
07
It 1 I a- a I
,l -If .!
f.-,lSTi
3l 0
402l
u...,
ei:,
15
ie
3".
03
101
31 U
71
M1
15 0
2S si.
47. 1 1 .
i::23
25 3
30 12
154 7
5sJ-23'',
20 31
01 12
1 l- 5
17 IS
07 27
37 7
05 11
S7 IL.
151,-11';
-,i 11
K!4S1
521,-1-211,
107',4- ss,
1171...-107' .
Pi s-'I
10", 1
7M, 2I
105 2i'
K. 1
15 's 51.
1" 1
7s3i,
!l5J-2(i.
10 4- L"n
SO i'
12-T -
13':. 1 ,
2
05 1. . 25
OS -t 15
130--iSi,
'';-".
7e'',-s- s',
S2'
301
,s:: u
12
Hep It- & Stl
de pref
1 Kev Dut X Y
lis r,U 1 st L & S F.
22 12 de pref
5 1 SI L fcSi.uthw
31lSi-, I ,! pf
II':- 2 Santa C Sug.
7.1 SI' ' Savaee Arms.
S22 Saxen Moter.
1', Seaboard A L
120 3 de pref
Sears-Roebuck
de pref 101
Seneca Copper 25
Shut & Art. !i
Sliell Trans.. 40
Sin. lair OIL. 2s.
Sle-N-ShelTleld 50
Southern Pac.101
Se P K Sugar.103
Southern Rwy 21
de pref 00
Stand Milling.lP.I
Stand O efCal OS'.
S Oil of N J.I'I'Ji'T
de pref 111
1
30 if.
a.) I
IS
20
S7-
21
21 '(.
07 "
OS
10
II
00
30
3s
17
5
IS
U
75
10
10
12
71 21'.
03 5
2.1 r
(15 15
20 . .
10S 2
3.-, 141...
BS 4
0!i. 15
107 4'i
20
15 3
72 l)i..
41 7
15 11
-11
de 1st pref.. 123
Amer Ship &
Cem " 11
Amer Ons .... 40
Amer Rys pf.. 25
Ualdwln Loce. 1)0
Huff & Sus t c 70
de pref 48
Prill JO .... 55
de pref 88
Cambria Iren. 38
Cens Trnc N .1 30
Klec Sf 01 age. 127
Gen Asphnit.. 72
de pref 110
Hun & 1ST pf 21
Ins Ce N A.. 32
Keystone Tel. 10
Lake Sun Cern 10
Lehigh Nav... 75
Lehigh Vnl... 00
Lehigh V Tr pf 20
Little Schuyl. 34
Mlnchlll 40
Midvnln 33 23
Northern Cent 72 CO
-North l'enna. 70 70
ra cen I.gt pr 50
Penna It It... 42
Petinn SaltMfg 7-1
Phlla Ins Wire 52
Phl'n Ce 3474
de pref 30
de cum pf.. 37
Phlln i:!ectric. 21
le nref L'Sa:
Phlln Rapid Tr 10
Phlla Trnc 00
lll.fl.. r ... .
1 mm v icy t
' de pref 20
1 1) n.. :,
s '"'"". ci.s
who iieimeni,
Tone Mining.
I nien Trnc. . .t7
United (ins Itn 41':.
de pref rill
Fill Gas N J.. 177 "
F S Steel S5'(.
War Iren & Stl ,S
West .ler & S. 3714
Wcstni'd Cenl, 80
Win Cramp &
,. Sens fje
Yerk Rnilway. Oif,
de pref 32
117 81
5
4(1
17
08
!
35
25
70
34
20
02
dO
30.
122
u;
80 105.
81
1
10
30
d3
d0
32A
9$
50
2S
2(1
31
47 18
20 C
08..
70 ..
48 8
38-40
71 ..
382
4
28
25ai
25
4
3
'8
BOY RISKS. DEATH
TO SAVE PET- DOG
Strips Off Clothe3 nnd Bi;avely
Fights Way Through Ice
te Drowning Spaniel
13
32
etf 1(4
OS ',
57 2
10 ..
48 4- 1
27- 2
72J2 0
72- 7
50 ..
33- 0
72 7
50 1
i-"! -74
30 4
30 BV.
21 23 1
;:.. 27'i
t
M
15
51
3
OO
02
20
40
101
'ill
1
27
00
35
V.
3
5
18
57
4
20 7
72 12
J-N.
Vl
3414
39
51
17(1
a't'
7
-1 ','S
0
0
13
2
nip
V8
ref 32 2S
40
(1.
32
15
51 l
KllU.4- li .
50 13
21
s
-i-, in;, m '"s
3'l'l. 27 3514 4Vi
30 1. j HH(, 21 0
2S
IV
31 4
s 11
2
P.
12
1
30
10
32
Oi'j
20
17
42
SS
07'',
121'..
105 k
21
251',
13
00
3
i. -s
20
10
15
3 4
4 0-
04 31
03 0
23 0
s :s.v
3s ari
21 '4
37
Stewart-War. 37
Strembetg C.. 40
Siinlebaker. . . 113 '4
S .V T Fily pf S-W
Suhmarlue II. 10
Supi-rier Oil. . i:
Tenn Copper. 11
Texas Ce .... -IS
Texas Pac. 27:'',
'I P C A: O 30
T iVI'lliS 42
Thud Ave .. . 20 S 12'
;i St li iVWcfs 17 S
'1 eliac. Pred. 72 45
de pref ill 70'
Tinnseeiit (Jll 13 0
trails .X: Wins 4 U. 2s
Fit 011 It A: P 75 " 57 .
I nien Oil ... 25':. 15
1 nien Pac ...131 111
de pref 7I'. 02 1',
1 11 .iley ateei .11
I nit Cigar pf.le;" .
I 11 fed Drug. .100 "
Fllile.1 Fiuit.207
I mi Kwv Inv PJi'.
1 de pref 20
1 Fn Ret Stores 02 1 1
I SOIl itV P.I
ile iiref 57 11.
IPS Feed Pr. 27'
!F S Ind AL. 7M .
de pref 00
F S It & Imp 03
J'L
;
7S-20
43 10
IS V. 5
40 u
115 15
OS ..
12 20
's Ji-i's-t- "s
21 1
37 0
.S2 37
7S U.
40
0 (IV.
1921 AUTO REGISTRATION
BREAKS STATE RECORDS
110,706 Mere Passenger Cars Than
In 1920 Revenue, Increased
Harilshtirg. Jan. 2. The Stntc
Highway Department's: automobile ,.
xlslen broke al records for registration
or xehicles ' ,0venUe ijie, T,
0 ice cesed Saturday with announce.
int. 111111 men1 UOUll
Dm nn limn nf
t(a.nn r..- !. a . . 1 . " ' ,'" Ui
111" In s li, 1( I . ""' fll,,c,! t0 el)tn"'
iin"r.?m " 1( J1 tlicr,,"'" mere than
110.000 mere passenger vehicles regis
tere.I than in the previous year, and rh.
,,.., ,lV,
10 2
ieii 3
20 u
11
11
15
. , . 1 -... .
"f l-f J-'.S
U S Rubber,
en;
-12
1
07
42
70
01
17
73
75
1
20
12
3s 1
2sT
s
....
51
00
27
I I Vi
if'
501..
13 "
40 W.
J01?;
M'j
I
20
I
"U
0
31
07
7
30
25'
03
51
11
37
07
4
1 1'.
isF.
45
32 '..
35
10
8'.i
32
10
17
17
13si(
7i
111
40 ',-) P.
17
de 1st nref.lO.'iTi
F S Sin it It 30
F S Steel Mi'...
de pref 115
I 1 .ill t .'upper. 00
aundiuiu Cor II
i-Cnr Chem 42'..
i..udeu Inc. !
nbali 0
de pief A.. 21'..
de pref I!. . 15
W.lls-Farge I! 72
V. -t Mitryniitd 11.
11'"
1 -:.
.'!', s
7 3',
3l'i-17 ,
Ki - 1!
1 I'
05',
.'!-
;l
ID.
51
1
de 2.1 pf.
Mist Paeilie.
de picf
West Fit Tel.
W.slingh ML'
Wheel it I. II
de pref...
White .Meters,
White Oil ...
Wiijs Spenier.
Willys-Overl'd
de pref
Wiiseii C. . . .
21
30
70'..
!H
52
11
10' .
II
17
IS',
10'..
12
47
10
Kin
40
05 ',
0
17
40
11(.
3S
n:.
3514'
si
41
III'..
71"
20
70
105
41
25
-
5
OIh
is
12
I!)'..
51' .
70
:;
in,
12'..
2111,
1
S'..
4
23
:. ss 71,
" 3
32':, 11
70is 3
ts
12(. 7
72 U 0
25 R'.
10.'. 1
7. s
123':, 74 ''.
s', 2
20''1 j
1
it -t-.r-vi
i -f-i;s
10 10
40 25
!i(i
0P..21K
51'.:- i)-
tl(i'r, :i'
30 "-J- 3
M I 3 1 J
115 -f. iji..
e::1; f 13
31-- 1
2 , 0
0 1"l
i;.,. .
201
13'-
lis-HM.
Vi', 2
HU-3
17 2' .
51l!,i;
0(1 - 37,
50', -i. lT,
0
2
30 f
101:
15..
"'...
20 '" - n
27'.. 2s-l(i
3
5
:.iU
"reaterreVL'"Ue W"S nl"'"St '1.'".J0f'
It is cstlmuted thnt 300.000 applica
tions have been received for 1022 pas-
rn"osnrlen.r,,Kiltr',,i?" n,"n(J "
',?," 'l- L',K ''"IT b':"" "h'PPwl. Sine,
than l.,(K)0 application xvcre made
Snturduy alone, while 2700 tngs were
sold lieie, persons hnving wnt runners
111.111 nil ever the Stnte Philadelphia
..., Hi-nt te get tags told efficlnls Uiex
were being paid $(1 n dny nnd expenses'.
J. W. Lynes. of New Providence,
Lancaster County, Bet the last 1021 tag
at e e clock. h
A comparison of automobile license
registration figures for 1020 and lll'M
runs:
Pitman, N. J.. Jim. 2. Rex Is n 1
snunt-lcgged brown nnd wlilte wntei
spaniel, nnd Jlmmle 'Cuttle is n fifteen-
year-old high-school boy.
ilex doesn't belong te..iimmic, nut
the two nre pals, nnd frequently ream
the countryside together. It was en
such nn outing Inst week that Jlmmle
risked Ills life te save the deg from
drewnlnff In an lev tminl.
Jlmmle. nccemnnn ed by his father.
Rdwlii S. Tttttlc. who lives nt 22 As- j
bury avenue, and nn uncle, was explor
ing seme mnri pits near the town. Res
ran ahead of the party, scnmperlnj
nbeut playfully en the thin Ice of the
lakes.
At the second lnkc Rex rnn fnr out en
the thin Ice. Fifty feet from where the
ice cracked .ind then gave way, and
the running spaniel went In with a
Rnlnsh. In vain the tiltickv doe at
tempted te regain his footing en the
thin lce; In vain he tried te nwlm
through It.
While the two men searched for
beards, Jlmmle silently wntched the deg
struggling In the Icy wnter. Finally,
he stripped te his underclothes nnd
crept out Tn the thin lce tewnrd the
deg. A few yards from shore he broke
through. Net n bit daunted, he wnded
te the shore, threw off his underclothes
ntid pushed out again Inte the ice and
water.
Put his efforts proved useless. A
crnmp In his leg forced him te return
te shore, where his fnther found' hlm
'Ive-ing. He wns bundled in over
coats nnd clothing and told te sit still.
vrhlle bin fnther and uncle continued
their search for beards with which te
reach the drowning spaniel.
Hut before they had gene far Jlmmle
once mere plunged into the lake. This
time he fought bis way te the deg'a
side nnd get hlm te the shore. Then
the boy fell exhausted.
He was taken te his home nnd there j
for nn hour his HtilTcned arms nnd legs ,
v-'cre managed while lotions were np
jillcd te his many cuts. Today Jlmmle
in nn rignt again. Alse he is the proud
possessor of n pearl-handled penknife
which Geerge Si hornegle, Rex's mas
ter, presented te him as n reword for
his bravery.
.FINANCIAL
rn-i.,nirfr motor metor moter
fhl:o reglitra
liens Cf'innit rpl.il refc--Isfn.tliini
Melnrri In
Tut 1 1 r. ulKtrntlens
"f ill siila, In
cl'i'llni: t h
lil.nVi.
to:e
.'21. sat;
-is.ann
:3usi
1 0.11 .-,22
1021
n.12,.111
r.r.eis
21.111
1 2I7.1 23
T.il il rvvlts ...J8OUO.S73.0I in.Ma"itiii tt
I. pusinffer
tm ter - xehlcle
tit.. Imueil. .. R.tl Mis liar., 273
POLICE PROBE TOMORROW
Will Determine Whether Negligence
Existed 'in 2 Spectacular Held-Ups
Mayer Moere's special beard of Inves
tigation, appointed by Director of Pub
lice Safety Cortelyou under the Mayer's
authorization te probe responsibility in
the Police Riirenu In connection with
two sprctneulnr held -tips stflge.J last
Friday, will meet in the otlice of As
sistant Director of Public Safety Tern
pet in the City Ilnil tomorrow morn
ing line dvllinu nppeintee of the beard.
Majer Xermnu MacLeed, has consented
te se-xe. and F.111II P. Albre.ht, the
ile i'. uill meet xvith the beard Tuesday,
bin has net decided whether it will
In pns-lble for him te sit through nil
the si -sinus, The ntlieitil niemlrcrs of
the liiini'd, in addition te the chair
mail, are Police Ciiptnlns Jelly and
Sdmliz.
Tlie imriiesc of the investigation, ac ac
ret dun; te Director Corleheu, Is te do de
t.rinine whether-In the cases of either
of the two held-ups, that of the R. T.
Moiii'lieiis.i Paper Company, at Hridge
in.. I Thompson streets, or that of the
(iemgi Cafe, Hread slreet near Fair
li.", int iixenue, tlu lieiitenantH and ser
g' ants uf neighboring peRce stations or
tie patrolmen en iidjaeent bents were
ii'Jigein. It is exiS'.'t.-.l that the ses
si.. ns will consume siwial dnjs.
i-
Ol
12
5-'-r
70'..-
ll'--1,1
t
30 , -r
2:1' ...
rJH'i--
0"...-
20 , -l-17-45
',
12 -1-
Gwan-te-Bed Stenes:
By J. P. McEVOY
I
ji ,
s ,
- 1
2i .
s-
57
10. 1
10.
F
'Hie Werm Who Turned
ONCi: tiiien a time, dear children,
there was lutle worm who had
alwa.x.s heard lint euuitually every
xvurm should tin n.
F.veiitti'illy," saj ,e, "why net
new V Hi-sides, this is tli.i new je-ir,
when (vcrxiie.ly turn n new leaf." In
stead of turning 11 new leaf, which is
I pretty iltiinbell, a mud, smarter thing
would op te turn mjseir i guess I wll
'I need you for breakfast.
or 1 will have
Come along
te take .ion
don't l.n.nv
"Who de
me,'
you
say
think
Willie Werm?" says
Dunmore Elects Superintendent
Scranton. Jan. 2.-A. J. Rntchferd,
principal of a grade school in th's city,
was elected superintendent of the
schools of Dunmore Horetigh le fill the
vicnney cni.v by the resignation of
Dr. O, F. Ilehan, who today becomes
assistant te Dr. Flnegal in the State
Department of Education.
tiuiiniiii nmn iiii''i
Market St P pf 45
Mnrlnnd OIL. 30
Mar'an Rekwll 10
Martin -Parry. 22
Math Alkali... 21
Maxwell II ... 15
May Dept ....11 1
Mexican Pet.. 107',
Miami Copper. 28
21
32
Is
27
12
13
1 1,
051,
just de I hat mid the next time nnxbudy
picks en me 1 w 11 linn. 'Hint is iu
.'-, I New Year s lesoltitteji." (Jehunv, git
,."s,ij off thn piano.)
.,-.- We'l. it wasn't very long before
!i'. -. t Willie Werm for it wus Indeed he
"''-r 0 KM- " clianee te mnke geed en his new
150 4-141, 1 resolution. One day, its he xvns com cem
Ki'1.1. 1.-, in- nut ,,f his hide te take a little walk
5'.' 1 before hieakfiist, he snw u robin named
32Ts 3 i Flmcr (.hist because you haxen't hhimi
30 11, I any robins thin dine of the jear is no
3'! 21 sign there aren't any. Yeu don't see
', T , I
II MJ
20
0 II
21 5
22 0
13..
1 ill. 1 7 1 111
8Dm4t1i
15 27fi124
peaceably
for il.ly."
"I gtiees you
Willie Werm.
1 am 7"
"Aren't you
Rimer Rubin.
1 "Ne, I uiu U10 worm that turned."
sajs Willie. "Watch me!"
And with that Willie turned right
around and went hack Inte his hole.
Rut If Lliiicr was astonished then he
was petrified when he saw something
(einlng out of tlie hole down which
Willie had disappeared. It looked like
Willie and yet It didn't leek like
'Willie.
1 Ile steed exer the hole and watched
I it awhile mid then he hollered down.
"Is thnt you, Willie Werm?"
A mufllcd voice way down in the
ground answered, "Yes, It is I."
F.lmer Rebin shook his head Badly
nnd went away.
1 "Yeu cnu't feel me," he said. "Yeu
1 aren't Willie Werm."
I At UiLs Willie laughed n low, worm
I laugh. Fer he had turned nnd backed
1 nut of the hole, which fooled lSlmer
Kebin feinpietcix
SlnkliiB limit CurdiuM or Pri-firml Sterk
.ura'i',nl-"' "", eur'-'ment of DnvlJ l.ur
tJ?,J. en,,c?la,nyanJ the undvralmnl as
Truatce of the Sln1ln(r Fund, the under-
JiTw a JXE b r,VrJi n".,lce 'I"11 " has re
V51.J,0.llce.f.r?.m l,nv 1 ''"PI T-'e Hen Cem.
R15 -'. ' Anla Lemr-'ny will deposit with the
tinnerlxni1 en or befire Jnnuarv ifl, in22.
the .urn uf Thirty-one The mind Tnn Hun-SfJi)innt.1-
F,"ty D'lira (J31.2J0) In the
nnrt.l 1 hlUJ!.a.Prev,'', iin,lrr 'h0 xtrecment
under which th said Preferred stock ns
'..Ul'',1 ""3 "'?' " 'B "" 'mention te npply
a Id sum te the purchase of fharea of the
Preferred stock nferemld. Offers nf tsld
fhari-a are Invited, at a price nt te exceed
par nnd nccrueil premium of ten per cent
Jrlt!1 t"!,,.d"'? la"e n''drese,l te the Phlln
2.lr,?,a ,.lru.t Company. TruMe of the
Slnklric I iind aforesaid llread .Street Office.
t!h?,"!i ?"'. l h"nu atieete. N. 13. cerner.
Philadelphia Such ertera will be rccelved
until Je cli ck en Juniiiiry I. 11122.
I'lIILAUUU'IIIA TIllfST COMPANY.
Trutee.
JOHN C. WAI.I.ACIJ.
..... . . . Treasurer.
rr' llTdell'MT. ricemher 2.1 1021
Tin: rrn-KMirrtn ias cdmi'anv
i'ikst jieKTOAtii: nvi: ri:it cixt
cei.n nn.Mis mi: 1031
Pursuant te the titniii.,ii- nt h- .rA.i.
e.iEfl from The 1'ejeiaburu Oas Company te
,. 1 i ,".""" v.iiiiimny .11 l-iina-deluliln.
Trustee dated April 1. IDOL tecyr.
I He I'OP (Vnt flnlfl llnnde lAnH.m n .... ti
. - ,.,, : --s..,.. ii iiu' in 11, i 1 ti 111,
of said bends In their iiKcreir.il.. .it ihnir
par value In the sum nf f T.-.riil n -..,
net exceedlnir $103 and urcrne.l' tnt.pi '-
exery $100 of the nar value of said benis.
win De rec-ied by the Trustee, nt Its office.
1 -uCer- ".lu?'1 ani) Chestnut Btreets. l'hil-
ajlelph. 11, within ten d.i from Dfctmlier
i ..J 1 1 . uir...ll,'m,,,!0.n. tl"d cancellation
en April tst, lll,.,2. ut which dute Interest en
accept... I bends will cease.
Titu l'lrrunamne eas cempant
llyWUrat, Hccretury.
. Annuiil .MitIIiiu-s
3 Tin: i'i-nnm i.vania cuntkal
"- iii(i:iN(i co.
The twinly.feurlh nnnunl meeting of tlie
atocltheldera of this company will be held nt
tin neml oltlce of the iiiinpany. Ne. 21
N.irth Heventh ni- , .scrnnten, Pa.. I'rld iv.
J.iiiiniry 2()lli, Wit. nt 2 p. m.. for thn elei elei
tlen of dlreiters uud thetrunsactlen et bucIi
uttier business as nmy rome before the
nietilnit. w. e. lIAHUi.Sd.
Secy.Trea.s.
mF Franklin National Bank
tiuisTNiiT sihi:i;t wi:ht or uhoae
riilladi phit. December 27. JH2I
The Annual .Xr . tlnn of the sha-ehnlders
of this banlc for the election of .1 rectors te
ern rturlnir the ensuint ear. nnd for such
ether business as may be present d. will lw
he d at the hinklnK louse en TITHI1AY
.IAMAHV III. Itl'J. iwi-"vi:kn Till"
J XVM, 1IAHDT Vice 1'resliUnt a'n.l Cashier
; 1U.NA1 1" XK NAIIONAI, IW.XK
m . . ' T.1 "delnhla Dec. IS. J'J2I.
Tha Annual Meetlna and election of d
rectors of thla bank will be held at tin
eanklne t.nuse, corner Sfa n and Leverlru
.treat;. Mansx. ink. Philadelphia, en TaA
iljy. Jnnuiry fe 1922 between the hours
II A. M. and 1 I. 31.. and for the trans,
action of anv ether buslnesa that may coin.
efer the meptTin- '
''irL'ivp'ir2riiL,5r,!ii?'
;..! i iiirnxu ok Till' rnv.
it-p?
irui.ii.-is ;i. uir iresteii iwtrnit w II b
held en Mnml ir. .Inninrv 0, )." , , 1
nVlncU l ;i nt The rt.fcat. 2(ith nnd Hnm
llten Ht.ects I't-i'i.ietphift fr lhe puns'",
nf electiner inan.i.-ers nudlte h and ., i.n,..
11 er and for the tnns-ietlnn of such ether
wun....aa ..a ...., . .-.'I.. ... 1. try I'll. mi'P t.'
r:i:)itai: n pihit'-u
. Secret nrv
2jf SIKIICIlANTS INIOS'lltlsT t().
1JI 1 ,1 fhla Jnntiarv 2. Ifi""' '
The Annuiil !' Unit nf the str.ekllnl.lere I
nt ihn f. ril. ml. I .. .... .......... r.
" - , "". ,. .,11 iiu-i ..eiiiiuin . line
nn e'ci t'nn fn- ,n-etnrn te serve f,,r trt
n-Ulnu lr 'I'M., h. Id lit the elllc.. of the
remnnm;. 7I'. 717 Tin Chestnut mwi ,
tVeJneM,..,..,,,,.,.., ,.
K2F, MIKTHW I sti.HN NATION I. 11 ivTr
" . . .V' ' P". W'e. '10. 1H2I
The Annus) I ...en for Hire. ,. .::....
be held nt th. .1. 1nl.l1 a Hf.un en ri,.-.i,.'."
tween the hours of
.liiniH.r.v 10. 1111
II A, M. und 1
Vie
I',
I'. M
1 1
Tr.
1 tvfeiti) Nirr;
Ident mid rnshler
An.iimi i.u-i iimia
rjr'-uu; i'iiii-uii.u-uia NATfeN,"i
Phllsdelphla. Decer-her c, .e'i
The Annual Kle, ijn fn.- Director-! will b.
reld nt the Hnnklm; Meuse en T1101I.1"
vi.nniiry 1 .--. "eiiveen tne reuia of is
ll?2
S'nnn nnd 1 I XI
O HCIXVXI1D
WOT.PK rnshler
DltldniiN
IIAMi
02t
Cuv ,e
MANAYtSlv NMIO.NAI,
riiil.drlldili Iii.
Dc ember 27th.
Tli,. llnerd nf DlrtcteiH hen thin
rlT,.rt h reuular rem I ai nual d ldendef it'
and an extra dix.dend . f S','r. en tl ('arliM
5lei II. luijii..'- ui. nun nuer .Itlliiii,r. mj
irxt. until which dnf Trnnsfer ;, 'it .ir
i.insln ilescd. Dividend checks will L
mailed.
Kfenvv. j Mnnnifi, rs,,irr.
j any elepliants this time of year either,
no j en :j
Whcie was 1? Oh, ye Klmer Rebin
saw Willie Werm.
1 "Hele, Willie Werm," says Elmer
i Rebin.
Ui Ie I.lmei- saxs YWlllc. "Whnti 1 think there is n moral in thla story,
me mi IiieliliiB ferf" but Homehew I can't find It. Ownn te
"1 am loekliii; for you," says Elmer. ' bed,
OITIf I'. III' TIIK
IT.NNA. MAI.T Mill. ( OMI'ANf
At mielln of tin. Heard uf Director,
held this i ly a uimi terly dividend of i"'.
und eiH-l.iilf ii'r tent a declared payable
January II. IU'!1. le . tockheldar. ofPrecer5
U.cember 81. 1J1 th'-ik, will b mulled
I'hllndelphll Dee 0. III'.M. ""'"rer.
" rtifrrmx akkim manh Tit vht
The 1'nijr.l nf Di......ra hn, this day u
clared 11 illvld.nd of Twe llnlliirs per JbiVr
for the euurter nnlui Docember at, lfri
free et all tuxn. ""'
12 H. WKHT.
. Z eciefarv.
NATIUNAI. Hi:TIIITV llxTcil
I'hlla.e eh l.i li. x "U in.
n.... Tln.,l1 .if Il.ru, ...r.. I .,...' . '
ill" "-.' "
elaren a
tlS'l) le'
of Dlreiturs hiue thin day d
inl-uiiiiu.il d vidcnd of 'iweli.
nt. paiablc Iiuuary il, it"'1"
VV 11 (if..! ...--
"ALWAYS COMMERCIAL
NN
National Bank
Philadelphia
Market and
seventh Strenta
(kV.blllk
Dtcember 31, 1921
ASSETS
IMMEDIATELY AVAILABLE:
Cesh and Reserve . . .
Exclinngei for Clearing Heuso
Due from Correipendcnts
Eligible Paper Discountable in Federal Reserve
Bank .......
U, S. Certificate and Bendi.
.
2,770,208.97
235,000.80
477,411.20
7,396,370 87
3,306,033.93
$14,194,172,77
OTHER LOANS AND DISCOUNTS!
Due within 30 day
Due 30 te 90 day
Due after 90 day
U. S. and ether Bend
, Banking Heuio .
.
.
)
.
..
$1,416,641.64
641,819.12
1,186,249.67
881,408.02
271,000.00
LIABILITIES
Deposit .............-
Due Federal Reserve Bank
Circulation
Reserve (Unearned Interest)
Reserve (Taxes, etc.).
Capital Stock
Surplus and Profit...
i
. i
$18,489,191.12
, $2,787,226.88
. 1,050,000.00
145,250.00
75,269.38
101,036.81
1,000,000.00
. 2,730,409.05
M. G. BAKER,
ti. c. nnrrzEi
SAMlTl'.r. S. RIIAR1'
Chairman of Heard
WINTllltOI SXI'TH
JOHN I'. HTIIKH
XllllAM C. MOTT
$18,489,191.12
Prea'dent W. B. WARD, Cashier
ASSISTANT CAIHIKIty
i:. ii. nr.isH ii, g, reLtiraius
DIRECTORS
HAT.I'II II. NORTH IKVINO ItUltN
(Jri:i.i.i:t rm.i.iNS wii.masi n. ni.w'NO
Ml.l.VII.I.r, (I. IIAUKIt AVI l.I.I AM L. TURNER
KDU'AUI) I.. II1.AUON CI.Al'Di: A. HI.MI'I.i:R
Te Our Friends and Patrens:
The coining of the New Year brings with it a premise
of better conditions.
The story of the entire world during the past twelve
months has been one of struggle, difficulty and hopes
deferred.
Upen unlimited armaments, with its sinister threat
te peace, the nations have placed the seal of dis
approval. The hope of "Peace en earth, geed wilL toward
men" is bright in every heart, and with this spirit, and
in this hope, we greet you at the Ncw Year.
During the past year new friendships have been
formed and a development pf these already firmly
established We value these most highly and esteem
it a duty as well as a privilege te make this acknowl
edgement. It is our sincere hope that these pleasant relations may
continue te grew te our mutual advantage.
The Eighth National Bank
Second St. and Girard Ave.
PHILADELPHIA
We wish te announce that
BURGESS
ARTHUR S.
and
JOSEPH S.
CLARK
have been admitted te an interest in our business
TOWNSEND WHELEN & CO.
50,5 Chestnut Street
ITembera of .Vein Verfc and i'tflndefjiidi Stnrf; Exchanges
We beg te announce that
MR. JOSEPH D. GOODMAN
will become associated with us in our
Stock Department
NEWBURGER, HENDERSON & LOEB
BANKERS
Members of Ncw Yerk and Philadelphia Stock Exchanges
1410 Chestnut St., Philadelphia
GE0.A.HUHiN & SONS
iTnnti xvn nnvn
Members of (lie I'ldl id. Ii'l.l . Nre
erk nnd riileise teik I'vrhnnsrs
Ncw Yerk Cotten Kxrli itise
Commission Ordera Executed la
All the Principal Marketa
Liberty Bends Uuugnt and Sold
Uvlitxue Ciii.rt liiu, n w.tiuul dl.
N. V.. Ill llre.idv.uj
Proposal,
U. H. KNtlU. I" HIT.. Vi II..UIN(IICI., iT,-,
Healrd iiieimsuls will I. lece ed here u.
til II A.M.. J in. 31. I0!, nnd then opened
for divdslnv MuiUliIui. hher, j)ul' '
Inland Waterway between Hehnhetli nay u
Delaware Day. Del. Durther Information ea
l.pllcallen.
C. S. 1'Al'lOW & CO.
3D & CUKMMT N18.
BANKERS
Hurre-Mirs tn
All I'll A HII'.VIA'eeV
Ilnnd. mill Him its l.niialit uud Mild
xi...i .. ,i. ii atnfii i'.iii,,
Beles s-Westvoed
Members Phila.leck.Exchana
INVESTMENT
SECURITIES
Land.Title BldtV Philadelphia
PHONE' LOCUST'4721
I
Mr. Jehn MacFailcn
Ianim,rVn..,'lW,'U '" ll,r "rm " "'
E. J. IMoere & Ce.
141 S. 4th Street
I'Mliii'eln'iln, 1'a .
Bends for Investment
t'lreul.ir I'pen Request
nrrrtpamlcnt Orie -s In 0'r Hit Cltitl
ridlnilelidil .HSI Chestnut Hi,
Mlnn'le Cltv '"H H.-i1.rnlK
The National City Company
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