W""
.(V yv
.. . .- . ... t !..w
iTTr: -
'
.A.
Secured by
tm
v An Underlying
,4;,vle8ed Mortgage
fVen nn imnnrtnnt nnrt
! ? of the
I I ' KAnnivlvanin .vatnm
Terre Haute
and
Indianapolis
I '" Consolidated (new 1st) 5s
.3 due July 1, 192S
m
Bonbright & Company
457 Chettnut Street
Philadelphia
New Yerk Chlcase
Bosten Detroit
MAKKEF TWO-SIDED
"' "'I ' ' ' . ." I I f i ii I ii ill ..him il II jiIiIipW I i i '
AND VERYSPOTTY
Peel Activities Give a Few Se-
locted Issues Spirited
Whirls
' n.Ati
. 1 -
1 ' ' '.'tf?.'1 ""
Jl.'ksM "
r"r?f
v.
NEW YORK STOCK EXCHANGE TRANSACnONS
CUBAN
Treasury 6s, 1929
Treasury 5s, 1931
BRAZILIAN GOVT
Sterling Issues
4s, 1889-1910
, 4Js, 1883-1888
Ss, 1895-1903-1908-1913
Railway Resc. 4s, 1900
CHILE
5s, 1911
( GRAND TRUNK
PACIFIC
3s & 4s of 1962
4s, 1955
Branch Line 4s, 1939
Canada Atlantic 4s, 1955
Cassel, Nunes & Ce.
timbers N Y. St cc'i nzeane
60 Broadway New Yerk
Telephone Bowling Green 3141
Special
Pamphlet
Describing the mere im
portant issues of Cana
dian Government, Pro
vincial and Municipal
Bends, new obtainable
at prices te yield
5V2 te 6V2
All these issues have
principal and interest
payable in New Yerk.
The prices quoted are
;-;jfer payment in Ameri
' can funds.
, Write ter Pamphlet P-lt
Weed, Gundy & Ce.
Incorporates
14 Wall Street, New Yerk
Terente
Londen, Ees.
Winnipeg
Montreal
New Iferk, Jan. 24. Trading In tv
lay's stock innrkrt was decidedly mere
two-sided. While prices were again
very Irrejrular, the undertone of the
general list was stronger, and efforts
of the reactienists apparently met with
Rreatef resistance. An in the Immediate
Iirccedlni dnvs. the fmeclnllzlni? of the
J dealings was an outstanding feature, j
ins micgcsteu n renewal et peel ae-
t'vitlca, but the demonstrations were
...1.11.. ...... i i a 1 - .. J...
of atedtn net recognized as either ac
ceptable or nenulnr leaders. The stlf-
I 'enlng of price', however, all alone the
me around mltldny indicated tne near
"arty nipnrcntl.v had acain made a
serious miscalculation of the actual
Market ponitlen, and were cxptrlcnclnK
difficulty in covering up these commit-
I ments.
Ter a eenlderable time during the
forenoon the market maintained await-
Ing disposition ; in fact, looked n bit
; tlied an n resu't of the ilrewerkn Inst
week. At the mme time the prefes
sienal contingent pursued th familiar i
' tactics of trying te force prices te n J
i 'ewer level in the hope of uncovering i
j "ewe weak spetR and start real lie,ul- I
jdatlert. The effefings, however, were
i small and were evidently easl'y nb-
t orbed by t'e underlvlug buying orders, i
n ln,iA ..na.tl.. .1 ...1.I.1. ..MfAnAHtAil I
U iiilU 1'ULltUU VL IHW1 . i.iih,ci.hw
leash buying, which linn been a strong
'underlying factor since the constructive
nevenunt stnrted lat September.
UccaU'e of thr uneven course of the
I general list, the spl itcd demonstrations
I In the few belected Issues came in for
mere notice. Electric Storage Dattery,
I which is seldom traded in, became one
of the leading attractions, with a sharp
, rise of mere . than C points. Unless
i some plans le wrene. the Ktck is llkelv
, te become one of the lively speculative
loecoaus, supplanting some el tne recent
overworked specialties. Gulf States
Steel continued Its e: ratio performance
with another animated rise of mere than
3 points. Cern Products was another
strong feature, making a new top for
the year at 101. Te sweeten the pcr pcr
'ermance, Cuban Cane Sugar was given
a brief whirl, but while it was ascend
ing Seuth Perte Hice Sugar broke bad'y.
The shipping shares were brought for
ward before neon. Mercantile Marine
preferred. American International and
I'nited Fruit gaining 1 te 1 points..
Various ether recegn.zed peel italics, in-
eluding Ceca Cela. Central Leather and
the like were all given a turn. All of
I which suggested n jockeying en the part
. of the speculative cliques te feel the
I market, and at the same time em-.
phnsized the ultra -professional caliber
, of the current speculation. '
I Speculation broadened in the nfter- J
neon and buying for both accounts be
came lively, follewig a drop In cull
money rates. Spirited bidding for the
steel group carried them up 1 te 2'
points, generally, with Gulf Statea Steel
Using 0 points. The sugar, meter, can
and paper Ismich were a'se lifted 1 te 3
points. Liquidation of American Su-j
matru Tobacco terced It down 1 point,
the preferred 2, and Consolidated Cigar
preferred 3'4. j
I Other inactive stocks were bid up ,
' sharply in the last hour. Among thesi"
were American Writing Paper pre
I fcrred and Munati Sugar. The closing
I was steady.
I GRAIN MARKET I
SJ $30'000
PITTS., CIN CHIC.
& ST. L R. R. GO.
General Mortgage 5 Bends
Series "A"
Interest June and December
Due June 1, 1970
Guaranteed principal and in
terest by endorsement by the
Pennsylvania Railroad Ce.
'price en application
Harrison, Smith & Ce.
INVESTMENT SECURITIES
,v121 SOUTH 5TH STREET
PHILADELPHIA
LOMBARD 6100
I Wht Opn IHrh Leir Cleu
May 1.10 1.174 1.16' l.lMi
Ju v 1.0'J 1.03i, 1.01S 1.014. !
Corn Cern
May BSH .B4S .MS .33'
July S3i .Oi .S5t .G5W
i 0t 1
'May 39'i .3Di .C9'i !tt
'July 40 H ,40 .88'. .40
I rerk
January 17.20
iluy 17.00
Lard
lnrcn 0.90 0.93 P.fiO P.RS I
iUy 10.13 10.17 10.00 10.07
albs
January 0.20 0.:0 0.1S 0.13 ',
S.ay OCO
COTTON MARKET
Tit. p)e Oyn Klsh Lew C.ce.
Jan... 17.4B 17 3U 17 47 17.18 17.43
I Men... 17 4S 17.30 17.47 17.15 17.44 21-J
My .. 17.03 1(1.81 17.10 10.7U 17.O3307 '
July.. . 1U..'.U 11.4'J '
Oct.... 13!" 15 H7 10. HO 13.7'.' IS MO
Dec . . 15.73 13.07 13.07 10.07 11.74 I
13:d. Strut 17.73. I
NEW YORK COFFEE MARKET '
Ojta K'.ch Lew Clete Te. c!ei
Jan ts.as 8 e
, ru .. tS.37 b 61
Meh. 'S.!.' fc.83 6.47 8 r:VU S..MI
1 Mr:: ... t8.J-.tf B n-
, May.. 8.44 8 43 8.40 S,80O32 h.i
, Jun.' t''-19 8 4i
Ju'y. 6:5 8.27 S.23 8.saSI3 8 30
Au .. ... i V'J S bd
.-Pt fc. 813:2 S32 H 23 H.'UOSS ft.SU
Oct JS.iO t 3U
rav 8.13 b Bu
Dec.. ?.2S 8.23 8 !S T 3. 1 3 t :5
IM4. tN' mlntl.
APROXBIATELY two
million dollars have
been spent by the Key
stone Telephone Company
iin the installation of the
largest automatic system
in America.
This furnishes part secur
ity for $1,600,000 Equip
ment Trust Certificates.
i& $Vt present quotations
itnese certificates yield
ftibeut 7.10 ' i . Tax free in
Pennsylvania.
We invite inquiry cv any cur
tent investment si bject.
Sa'ss
400
SiO
290
3000
700
400
9700
5100
30
1800
00
400
1000
700
13100
300
100
800
900
300
700
300
1400
9000
390
1000
ISO
700
:oeo
soe
390
1930
6400
0190
000
3900
100
700
400
100
900
900
4SO0
9900
00
4303
9000
800
:ioe
100
300
700
iee
390
900
3090
1500
300
900
330
30(H)
100
COO
600
100
900
390
190C
100
900
1000
3100
800
900
900
90
900
1000
1000
9000
900
100
100
270(1
4700
34 0
100
Kill
900
70O
700
300
1410
100
.1000
300
100
300
100
300
3100
100
100
900
S00
9700
400
1S90
400
1800
400
1400
16100
lioe :
3200
900
6200
8090
790
0100
700
109
100
700
14690
900
2490
S'10
109
uroe
tee
?90
.130
4300
100
lflO
300
4000
200
200
200
400
100
600
1600
490
SO
t00
7200
17700
100
300
300
000
100
100
300
600
1730
1390
100
Dlv.
" ln Hlh
.. Adams Express SJ
D Advance Rumely pf . . . 34
4 Air Reduction '. 30
. . AJnx Rubier 14
.. Alnx Rubber rte i.
.. Alaska Geld Mlnei...
.. AlftBkn Junea O M...
4 Ailed Chcm Dye... 8U
7 Allied Chcm & Dye pfl04U
4 Allla-Chalmcrs 43H
. . Am Agrle Chern 32
. . Am l)et yuirar 38J4
Am Besch Magneto.. 37
4 Am B Shoe Fdy new.. SVi
.. Am' Can 36'
IS Am Car & Fdy 146
. . Am Cotten Oil pf.... 43
.. Am Drug Syn 0JJ
8 Am Kxpreufl 128
. . Am Hlde A Leather. . 13
.. Am Hide & Leather pf 61i
? Am lea 8b
Am Internnt Cerp ... 41
1 Am-La l'Tanee Eng... 9J4
.. Am Linseed 3l?i
e Am Locomotive 107 ft
7 Am locomotive pf. ..114
.. Am Safety Razor.... Y
.. Am bnlp & Cem.... H
Am Smelt 47Vi
0 Am Smelt pf 0OH
0 Am Steel Foundries.. 3214
.. Am Sugar Ref 08
.. Am Sumatra 33;t
7 Am Sumatra Teb pf . . 0!i
O Am Tel & Tel 117ft
13 Am Tobacco 131U
0 Am Tobacco pf new,.10O
12 Am Tobacco n Wi
.. Am Waterworks .... 7J4
.. Am Waterwks C pf 29U
7 Am Watenvks 7 pf. 78 U
7 Am Woolen 83J4
.. Am Writing Paper pf 29H
.. Am Zlne Lead & 3 pf 39JJ.
.. Anaconda Copper .... 4Ji
0 Atch Tep & Santa Fe. 97J
0 Atch Tep ASF pf . . 86H
. . Atlanta Blr A Atlantic U4
7 Atlantic Ceaat Line.. 87 Jt
.. Atlantic Fruit 3J,J
. . Atl Oulf & W I S a. . 30
4 Aese Dry Goods 51H
.. Austin Nlcholae 15
7 Austin Nicholas Inc. pf 7FH
7 Baldwin l'-ometvo . 87H
.. Baltlmore A Ohie.... 34 H
4 Baltlmore & Ohie pf.. 54U
.. Barnsdale Clasa B.... 20
3 Bethlehem .Steel 55
8 Bethlehem Steel B... C0U
8 Bethlehem Steel $ pfl07yi
.. Beeth Fisheries 7J
.. Brklyn Rapid Transit 10
. . Brklyn 11 T ctfs of dep B
.. British Em Steel K
. . Brit Em Steel 2d pf . . 93H
.. Burns Bres A ....117J;
.. Burtia Bres B .... SO
. . Butter ck 30
.. Butte 'Copper A EInc CU
.. Butte A Superior Cep 98',i
0 California Packlnsr . U'A
.. California Potrelcum 47
7 California Petrel pf . . 86JB
2 Calumet & Arizona... 68
.. Cal Zlne A Lead 0
10 Canadian Pcclfie ....194H
.. Canen Hill Mlnlnx. . 137
.. Central Leather 89'
.. Central Leather pf. . . 65j;
8 Central of N J ISO
. Cerre de Pmee 34 VJ
0 Chandler Meters .... C0H
.. ChcaKe A Alten SH
.. Chicago A Alten pt... 44
.. Chi A E 111 (new) of 33.
.. Chlcase A Gt Wect. . GJ4
.. Chi A Gr Wect pf.... 16
. . Chi Mln A St P 18 'J
.. Chi Mil A St P pf. ... 31 U
a Chesapeake A Ohie... 56 H
3 Chi A Northwestern.. 04
4 Chi Mln St P A O 64
.. Chi R I A Pae Ui
0 Chi R I & Pne 6 pf 73H
7 Chi R I A Pae 7 Pf RO',4
. . Chile Copper 18
. . Chlne Copper 28
.. Cluett Peabody 47Ji
1 Coca-Cela 44',$
. . Colerado Fuel & Iren 27
8 Colerado A Southern.. 30 JJ
4 Colerado A Se 1st pf. 57
0 Celum Gas A E!ee. . . . C8K
.. Celum Graphopheno . 1H
. . Cel Graphophene pf . . 7
4 Cemput Tab Records. 6S'i
7 Consolidated Clear pf 2
7 Conael dated Gas . . . 1?4
. . Consolidated Textiles 13i
.. Continental Can 62T,
a Cem Producte rttf...l0Ui
!.B0 Cesdn A Ce 34W
4 Crucible Steel 61 H
7 Crucible Steel pf.... 81
.. Cuban Am Sugrar 20S
.. Cuba Cane Sutfar.... 10?;
.. Cuba Cane Surar pf. 94H
Davisen Chemical . . 55
Deluware A Hudsen. MS j
Del Lack A Western. 113'4
tvtreit Edisen 10
Deme Mines 92
Electric Steratr Bt..l41'a
Elk Hern Ceal 14J
ICnd rott-.Iehnson .... fej
Endlcott-Jehnson pf . . '
Erie 8
Famous Players L ... SP'i
4 Federal M'n A Smlt in 4C U
.. Flek Rubber
. . Freeport Txas 12',S
. General Asphalt 38j
3 General Asphalt pf... 3
0 General Clear 70
8 General Electric 143U
. , General Metera 8?
0 Gen Meters pf 6U
rt Gen Moterd deb 61..
7 Gen Meters deb 7..
.. Goedrich B F
7 Goedrich B F pf
. . Gray Davis
7 Great Northern pf . . . .
4 Great North Ore ctfa.
. . Greene Cananea Cep..
. . Guantanamo Sugar . .
. . Guantanamo Sugar Ilta
. . Gulf State Steel
. . Hablr.shaw El Cab's .
I Haskell A Baf.'.er Car
. . Housten Oil
, . Hupp Motorcar
7 Mllne'a Central
. . Indlahema Ref
., Indian Refining
, . Ineplrat en Cen Ccp..
. , Interb Cen Cerp
. , Interb Cen Cerp pt...
, . Internat Agrlcul
200 2. 50 International Cement..
FOREIGN EXCHANGE
New Yerk, Jan. 2$. The ferelzu '
exchange market opene'r with rates. '
whrre chansed hither, with the ex-
ccptlen of marks, which made n new
low en this Immediate movement ,
Sterlinu sheweti a caln of 1c, franc ,
were up "Ht, lire uii 1, Swiss anil Dan
h up 2, Swedish up 1 and eulldere up '
1 point. I'dotne and Nerweitlan i
th-tnses were um-hanced. .
The market ccntluued di;ll In thr
eady afternoon, but witb featured by u '
fair degree of strenzth in the allied t.i
ihangen. TrancB, in particular, row ti. ,
.1'J13 for eab'es urA 6.1i?j for.
checks, u Btin of ever t point from the
recent low. Sterling advanced te
1 ,.'2 for cables and -1.22 for de- '
umnd. Lire were well held at 1..1S1.
.r cables nnd 4 HH for I'hrrlrs. iullder
rubles reie te "O.Dii fir chble urd Slj.riO
for cheflta. Marks w're irn(t!cully un- '
changed and heavy at .i"'..
The Central l'ltrept-ap exchanges i
tre;, Aus-t Ian, ,O.T ; Rumanian, .75;'
llul arien, .74; Serbian, 1.e,"j; Cz.erlie. i
Slevnklan, 1.09; Jugn-Slavian, ..'l.Ti
Greek. 4.40; Polish. .0305; rinnlsb
l.SH; Huncnrian, .14T.
The n emiuiii en New Yerk funds
!n Montreal today as 5 D-IO per cent.
The discount en ('anadlan funds in New '
Yerk was 4 15-10 per cent. '
, TEBTEUDAY'S KIMAI. QUOTATIONS "Kn OKK fall rr rey eauleri hlifh. 8,
"t.rllra l'nnr. .,. r ,,. low. 4W ullnn rate r,, cle.lnc UO. 4.
n.mard J Jl hm! t a7 J5"13 offered al 4 4 . I: 'ui n. 4' . '
i Cablw J'-IVj 8 04 AlH IW. Th B per rent ratten call money at th
1 ,J-r.V.e' r.i"r.v.,K..?, ..- Sn -c , epenliis today Le'.J prlir.e bank ceepunc
TuDAT 3 OI'E.VINU FLOTATIONS down te numi i.il pr portlend In the way of
690
500
8200
300
300
100
2100
700
2100
600
3200
300
Int Harvester new. .
Int Mcr Marine
I:.t Mer Marine pf. . .
Inttmat Motertruclt
81
37 J
bU
ifl;
73?;
32
97
bU
is
77
1
84'j
71 U
V
101
3H
6'.
40S
9',i
7 54
U
9'Vi
biy,
H H
31V4
Today's Ntt
Lew Cleie Chr.
51 ya
841
60
Int Motertruck 1st pf 79 Vi
Int Motertruck 2d pf.
. Intcniatlui.al Nickel.
6 Internat Nickel pf , , .
. International Paper .
6 Inter Paper pf stpd.
. Invlnc Lie Oil Cerp. .
. Irrjn Preduete
12
71i
30J-4
69JJ
131.
98JJ
63 J'4.
33
60
13
M
H
67 Vi
104 U
43
32 fc
36H
35H
68
36
146
43
en
128
13
61
84Vz
3
31 U
100J-4
114
K.
8M
47
90
31!i
66yg
33
117
UlJii
100
19SU
7U
91
75 V4
83
25 V
39 li
4
07
80
it;
87 U
3
9
61H
"v;
78
08K
34
64
20
65
5tf
107 i
7H
9?4
0
en
93K
115yi
29
30
6
26M
00
47
80
68
S
124
13
33
65U
188
34 1-5
60 Y
tH
3'i
33 ?
Vi
15U
18 V
3n
5Ki
63
54
3VA
73
88 yj
17&
2S
47
43U
27
39 Vf
57
en,
i'i
6H
07 Yi
68
01
13 h
61
901,
34 H
68J4
81
low
10U
23'j
53?i
107
113yi
100
21K
137 Yl
'e
70
10S
8Ji
78yi
4e;
124
19 U
37 J4
09
70
143'z
85
68
68
bOU
37 Y
80
16
73 Y2
31W
27
s;;
j
70
1
savj
75
13
100?a
3H
0j
40J.1
20
83
14
64
aij;
72H
58
12H
7iu
40 yj
09J.2
98 ii
4
f 5
57W- lW
104V. H
13 Y t
38H
37
5?144-
30& VA
145 - 1
43
128 -13
-
eiti-
84y4
41 -v
0H-
3lA
-
w
Yr
47 V4
SO -
3lli r-
07
32yi-
63 -
117 -
131K
100
128W-
7!i
91 -
75Jt
83 -
28J44- 2yi
ai-r
60
7H
8 V,
Hi
87-
3K.T
30
61Ht
14i;-
78 -694-34
,
54
"0 -53
60
107 M -
7-f
K-
0
0H-
23M-
117U 31
90
30 -
0'4-
98
-80
-33
-0
194i
!i
'
Yx
1
14
94
"
"
11
ij
a
51
W
Ui
Yx
Vt
5a
W
ii
Vt
Yi
Y,
Y
Si
"y
lVa
1
!i
Si
M
!i
Ji
Yt
Y
1
1
H
nji m
4
Ul
3 -
65U
lt9 -
34j-
yj
33T
eii-
16
18 M
31H4
60, r
04 -64
31Ji
73H
47J4
39W
67
Bf Y
i!i
7 67Jiv
68 -91ft-13-
59t4-t- 2yi
I00H 1M
Si
3 A
K
'A
H
!i
a
1
H
Si
"n
8
1
Ya
Si
")i
Si
"w
9
a
i
n
6yJ
Si
1
Dlv.
Baits In J
5109
10O
'400
800
100
1800
'1890
5700
690
000
Itlnh
. . Island Oil ....Tr..... a
..Jewel Tan 11$,
.. Jenes Broe Tea 37 ji
.. Kansas city Southern
4 Kansae City Be pf.... 84ft
. . Kansas A Gulf 1
.. Kelly-Sprlnxfleld Tire. 37S4 S4 "Kf K
ivenncceil copper , . 20 Ji "1 ayf H
1J XI
Today's Net
Lew Clpaa Ob.
3
(87M IJ
Sr K
7
38
38
58H
13
H
115X-
48U-
m .
28 -K
1.1 -
OH
t . Keystene T A ft. ... . 17 14
0 Krcsffe S H lieu
900 .. Lackawanna Steel ... 48 Ji
200 . . Lakn V1rl A rr.t - L'
!! s Lee Kubber'Tlre 284
1100 3.30 Leh'gji Valley 60H
609 ., Leewo Ce 13 U
900, i Left Candv . . ii!
300 7 Leu'svllle a N.t.iii.ti7k nit; Hau
ls Lerlllard Tobacco ....140 14 149 -
... aiacintyre p Mines.. li
4 Mnckny Ce pf 6JU
.... Malllnaen A Ce...... 1W
Manatl -sugar 48
7 MniMlnllen ri... ... in
3009!. te Manhat Shirt ......' 41H
""" . . aiaritet at n n .. mu.
.. Marlln Oil 23
.. Martin Parry 89
.. Math Alkali 24JJ
8 May Dcpt Stere 10'a
19 Mexican Petroleum ..lKJi
Miami CODDer 374
100
1200
100
19)0
4010
1100
809
4900
390
300
4510
700
mm1,20 limi" aut Cerp.'.'.'
3390
100
1700
300
1700
400
500
200
oeo
599
400
200
;oe
600
990
100
100
2500
090
300
13 SS
39
3 Si
1
3
95 M
MMral. .!
. Minn A st Leuie..,
. Me Kansas & Texas
,. Me Kan A Tax pf
. Me Kan A Tex (wl)
. . Me Kan A T nf wl
.. Missouri Paofle 10 Yk
.. .me pacifle pf 48)4
3 Mentana Power 0Si
. MuIIIne Bedy 25
. Montgomery Ward . . . 14M
. National Cen A Cable 1H
0 Nat Ennm A St 30S-i
7 Nat Enam A Stamp pf 80
0 National Lead neji
7 National Lead pf 117 S4
0 N O rt-x A Mex 68ji
. Nat R R of Meji Sd pf 4
.ev en copper i
B New Vnrlr r.mn.1
..s.oe Miw Yerk Deck
.22 New Yer' N H A It. .
! 9 Mew YerIc Ont A W. .
Ml ' Jfelk A western..
3390 e North American ctfa.
..!?? 0 N American pf
10500... North Am f!lnnn A ntn
7 Northern Paclfle ....
.. Neva Scotia S A C...
. . Okla Pred A Ref
.. Orpheum Circuit
.. Otis Steel
B OWcns Bettllntr
0 Pacific Gae A Elee...
.. Pacific Mall
0 Pacific Oil
0 Pan-Amcr Tetrel ....
0 Pan-Am Pet Clasa B.
.. Parish A Bingham...
7 Penny J C pf
S Ptnnsylvanu R It....
.. Penn Seaboard Steel..
8 Peeples Gns Chicago.
'. . Pere Marauettn
3 Philadelphia Ce
1600
900
600
730
590
500
100
100
1000
600
1000
100
100
1990
1900
1910
570
310
100
200
1100
300
600
100
100
100
100
900
000
BOO
4100
1400
400
74
32 W
16S0
31
89
53 1',
4ISi
7-M
77H
27
3M
1394
uii.
9?
65j
11
4V4
52Ji
47 H
ISJi
90
34SR
0t
70
20H
32 Si
Phllllps-Jenes 00
S Phillips Pet 80
. Pierce-Arrew Moter . . 10
. Plerce-Arrew Met pf. 34Jt
. . Pierce Oil 10
8 Pierce Oil pf 60
8 Pitta Ceal 60
6 Pitta Ceal pf 83
. Tressed Steel Car.... 65
. Producers Refiners.. . 78
4, Pub Service of N J.. 77 Vt
8 Pullman 113 14
. . Punta A!c?re Sugar... 3ii
3 Pure Oil 3fJ4
Pure Oil SCI nf 100K
9001.33 jund Mnee 18'4
300 Ttatlwnv Stnnl Ptrlnrr 0641
. Ray Cen Copper .... 18 Si
4 Readlnp 74
J Rending- 2d pf 40 Vt
. Remington Typewriter 31 Ji
. Rem Typewriter 2d pf 52'$
. Replegle Steel 73K
. Republic Iren A Uteel 85J4
Republ.c Metera 6i
700
2S0O
400
15)0
100
8800
1200
103
600 0.20 Royal Dutch N V.
Total Eilil. B2
C s-.ere-i cin.vTti wlh 630,800
34-
60JJ
Rt
19Ji-r
10S4
94 -f
644 4.
108yJx
113Si-r
106
21S-
143S4-!-
14 yi-
79 -
108 -
854
1; 4-19H-T-
"54
09 !
93
70 -143S
99
69 -60
-8054-
371$
86 -10ti
73;
-
8K-!4
76
1 -r
84J4
75 -
13 -
101
3K-J-
avt
40J
2f
7?4
8'4-f-
26 -
S3Sr
65JJ ISi
3Hi ..
72.- yi
55ya Aft
1 K ..
7154-
49 W
08 J. f Ji
H - Si
9S? .. I
shirts yeaterday,
810
500
100
100
890
300
300
300
1000
6300
200
7300
200
6)0
3100
800
1400
1200
600
100
0400
100
100
6800
3100
300
900
10.0
900
800
200
300
1H90
390
1)0
5)0
1200
200
300
100
890
580
6100
4100
1300
300
1400
100
3490
700
100
180
10290
100
1200
11700
200
699
600
100
100
100
100
900
100
000
1700
4)0
100
1C0
400
1V0
50 J4
St Jeseph Lead 13
Ht Leu a San Fran... 23
.. St Leulti San Fran pf 38
.. St Leula Southwest pf 34i
.. Savage Arms 13 Je
. . Saxen Moter 2 Ss
.. Seaboard Air Line ... 3J4
. . S-abeanl Air Line pf . 5yi
.. Sears-Roebuek 02?
.. Seneca Cep Cerp-.... 17 Ji
.. Shattuclt Arizona Cerp 8
.. Sinclair Oil 20
.. tiless-Shefflcld 41;
. . Se Perte Rice Sugar. . 53
0 Southern Paclfle .... H1H
.. Southern Rati 1 i
4 Standard Oil of Cal.. 9594
7 Stand Oil of N J pfllSli
1! Stewurt Warner Speed 37
. . Stromberg Carb 40
7 StuJebaker 88Si
.. Submar'ne Beat Cor? 4 Ji
. . Tenn Cep A Chem. . . . 10
.1 Texas Ce 43
.. Texaa A Pacific 96S5
1 Texas A Pae C A O.. 24JJ
2.60 Tex Gulf Sul 41?,
.. Third Ave 90S4
0 Tobacco Preducla ... 64 J4
.. Tel St L A W ctfs pf 97JA
.. Tel St L A W ctfs D. 15
. . Tel St L A W ctfa pf B 88
.. Transceu Oil 10'i
3 Twin C ty It T 39yi
8 Union Bag A Paper. . 70
.. Union Oil l!4
10 Union Paclfle 120
4 Union Paclfle pf .... 73J4
.. United Alley Steel... 37 Si
7 unit Cigar Stores pfies
8 United Fruit 12
. . United Rwy Invest pf 23?
6 United Retail Stores.. 55S4
.. U 8 C I P A Fdy.... 2t
0 U S C I P A Fdy pf . . 3l(i
..Us Feed Products... 7J0
.. U S Ind Alcohol 43
7 U S Ind Alcohol Pf . . . 93 ft
..US Rctlty & Imp.... en;
..US Rubber 65),
SUB itubber 1st p...100yj
.. US 6melt A Ref.... 30J4
JUS Steel 832
7 t S Steel pf 116J
2 Utah Copper 64
.. Vanadium Corpy.... 3Jyj
. Va-Cur Chein.ciif .... 99
.. Wabash 61;
. Wabash pf A 20
.30 Wells Farge Exprcts. 70
,. Western Maryland ;,. tiy3
e Wistcrn Pacific pf . . . 54
7 Western Union Tel... 03
4 WietlnKhouse E A M 61
.. Whlte Moter i8j;
.. White Oil Cerp Ufa
. . Wielc Spcuc Steel Cerp 13 H
.. Wlllya-Overland 3U
. Wilsen A Ce 354
7 Wilsen A Ce pf 70
4 Worthington Pump... 4$
26 Wright Aero 8
Ux-4 vldtnd t Hx-rla-hta
TliUi far this week, 1,157.100.
K4
0Si
18K
41
44
30 ;
37
24
80X
34U
146
1I1S4
27 H
12 H
31 H
6J4
?4
1H
8
56 H
16J4
45
68S4
94 ii
14
ISi
34
85
801a
113S4
68 yi
3Si
13S4
73
3
I3J4
30;
09
69 Si
40K
7
77
20
-u.
i'W
llji
85 Ji
05 S4
11
4 Si
81 ?4
47 V
15 U
80
34
0
60
20 Y
33
00
20 J
15Ji
33H
t
CO
60
63
65
37
77
111W
30J4
35
100
19 ii
9654
15
72H
49
30
5254
31 Si
54y5
6J4
60h
13
21';
38
34)i
a
3
03
16
894
19 W
41 J4
50
8154
174
04fi
115
90 5i
38 Ji
87 Si
!
10
44M
23X
34M
m
19
64
27
14
27
10
.19
70
S4
128 55
73h
37
108
13754
235-j
5454
"Ji
68
7K
41H
9354
3054
55
loe v3
38 55 .
Wfl'it
U6K
6354
354
29
Si
20
79
8JS
64
03
60 J,
3
8
1?4
654
3754
70
"54
8
02U IK
19S4 W
46 85i
4454- S4
40 - H
37- Hi
95 4- 1M
seji- 54
i- Vi
24H
106 54
113
27H-
1354
31 M
654
M-
3
"Si
23 H
1854
-25
14 -Hi
3854
86 -
90
11354 1S4
5SJ4- Si
an
3J 54-
15Si
21 99
63J4
41
7 Si
7754
30 -
"U-
54
"y
H
Si
SPIRITED RnPiN
STORAGE BAHERY
nji-
- Si.
5
Ofi
ll
4054
5254 751
1554-
00
34 -
09 -
S1M
33 -00
-29J-Ji
34
10
V
68
6d
03
65
28
7754 r
113 -
38J4
35 -
1VU 4
lM- Si
0054- 154
Si
Si
Hi
Hi
Si
. i
l-SS
9S9
1554 ..
7355 Si
4054 S4
30-1
32S4 1!4
5354 W
6454 1
e;i- !i
30J4 ?4
13
21 Si
as
,34(4 ..
"Sif H
254 Si
3 - 54
0 - 54
83-34
"Kt
Hi- H
63 - 15j
8154 Si
16
0454- Ji
115 - Ji
3854- 54
39 H- Ji
8SU H
Si ..
le - n
K- Si
3!ir H
34J4- J4
41S4- Si
19Ji 54
64 Ji
9755 1
14
7 4J5
"Si ..
30 - ft
70-1
1954- 5i
129 - j;
"54 Si
27 ft- ft
108 -i- iyt
1274 a
2354- 54
64J4 ..
ej, 34
695ir l
7y4 ..
42?.- Ji
U3'- iu
(10S4 W
55H M
10UJ4- Ji
38?, - ft
" -e- Ji
0?4- Si
83J4 .
35 2
30
,S!iT J'4
2 Si
79 - j,,
S4 Si
02 ..
50J4 - 4
38 Ji- Ji
N - !i
"14 1
fiSi- Ji
39b 1J4
'0
54
Rapid Transit Fleps as the
Dividend Prospects Fade
Away Again
Outstanding features of the day'fl op
erations in the local marVet were the
pronounced strength of Electric Storage
nttery and the corresponding weak
ncso.ef Philadelphia Itnpld Transit. The
trading In the first nnmed was little
short of being buoyant, with nn excit
ing upward swing of ever'O points, te
lit, wnicn was zvi points above tne
high price attained last year, end within
less than 11 points of the hleh record
price of 183 made in 1010. The move
ment was ?nln unnccnraanled by an"
definite explanation, but disclosed quite
spirited competitive bidding en the part
of certain New Yerk Ihterests. Mnt
f the day's buying was for the New
Yerk account, although several of the
'ecal houses, which nre known te have
been accumulating the stock for some
time, were also factors in the uplift.
The old financing story of three for
one wan trotted out ngaln, but as umiat.
lacked official confirmation. New Yerk
reports, however, stated that n special
commlttce of directors had been ap
pointed te report en n plan of capital
readjustment. At the close of 1UC0, It
wan pointed out, the company had a
iHr,t.iu finrtnittit r.9 &1T A.ill ftt ,1ftn
ally every dollar of which was counted
In the balance Bhcct ns current assets.
The surplus, It wbb stated, will proba
bly be swelled te ever $20,000,000 ns of
December 31 . 1021. With enlv S87.000
preferred outstanding, this surplus will
e in tne neighborhood or $iuu a snarr
fdr the approximately $420,000,000
common stock outstanding. As there
ere no bends or ether Indebtedness ahead
of the stock all the earnings belong te
the stockholders and with the business
the company hns been doing the 12 per
cent dividend la regarded na absolutely
safe.
The annual statement of the earnings
of the Philadelphia Rnpld Transit eesll)
account for the slump in that stock te
17a. It was certainly miserable spp
te the ttockhelders, especially these who
had been led te believe by some of the
recent prenagandn that dividends were
In sight. The dividend was enrncd, ac
cording te the ligures, but they were
told It was spent for Improvements. All
tbe closer students of the local tranbit
situation long age recognized this policy
must be followed for u long time and
chances for a resumption of dlvldcndi
were very remote. These who have
icon responsible for bolstering up the
stock the last few months have been
exceedingly careless ln their talk una
predictions. Efferts, however, te raise
tne stock have repeatedly met a bard
stumbling block above 10.
The general list was little affected
by the movement of cither of these is
sues and most of the ether local ttucK
moved within the some narrow frac
tional limits. American Stores was
V. better, while the prcfeiicu lest u
point. Pennsylvania. Railroad contin
ued Arm nt 84 4, and was taken ln
odd lets at that figure. The directors
will declare the 1 per cent quarterly
dividend tomorrow. Ueth the Philadel
phia Electric Issues were firm, the com
mon moving above par. U. G. I. was n
shade lower.
West Jersey and Seashore continued
te be well taken at 84. There are
reasons for beiicving that semethliiB
out of the ordinary is coming out con
cerning this stock in the very near fu
ture. It is known there has been quiet
accumulation of the stock for some
weeks back. Ne bidding for it, but
practically the eame beuse or its
agents have taken all offerings, ln
ether words, ln the parlance of the
Street have bceti holding the bag. The
stock they liuve absorbed Is taken off
the street and cannot be borrowed even
for deliveries.
Philadelphia Stocks
Net
chge.
- Vi
Illsh Lew Cleaa
"nAllla.Chnl 4W 43V!i 43i
ISO Am Sirs. . 85 85 85 a
100 de 1st pf.114 114 ,11-1 1
OAm Gas.. C2 02 52 V-
lOOtAm T&T.117 117 H7 H
5 Cen Tr N J -14 44 -14 ..
JOOtCubun Am , .., , ..
Huse.-.. 20V6 20 20
30t('ub Cnne
MVi 24 U
00 Cern prd.101 101 10iVs
rt a r 1
aug pi. .i
lOOtCuh C Sue lOVj
3S0S F.lec Ster.144
' riOtGen Mtrs. 8
I 240tGulf S Stl 70
1 lOOt Int Nickel Vi
50 In Ce N A SOU
I i'Otlnt Pnner. 50
SOOtKonne Cep 20Vu
30 Key Tele. 8Yj
140 Lake Hupe 8
42Leh Nev.. 08
lOtMld S Oil. 12V.
lOtNerth Pac 77
50 Natl I.eath 10
20 North Pa. 75 Va
50 Penn Cent
Light pf 40
701 Pu U It.. 34 U
10 Pennn Salt 71
10 Phil In W 50
55 Phila Ce
cum pf.. 3QU
705 Phl'u Klco 25V1
518 de pref.. 28
1200 P It T... 18j
00 Phil Tract 02,i
lOOtPieree-Ar. 15
lOtllendlng... 72
100 Tex & Pac 20
1351. 1421?
e'.s ova-1-73
Va 75ill
12 12ij
t
MONEY-LENDING RATES
HARPER &TURNER
' Investment Bankers
iltmhrrt e Philadelphia Hteck Kxchangs
- Stock ExLhange Building
jtetwum Philadelphia "
Dunar 1
Until.
Dernai!
cuuiutf
t-ttr'.lnif I rancii
. -l',i H (in
. 4 i".' 1. H7
$1
urmk
5''jj1
ink of North America
ltfi-1 Rights te Subscribe
Barnes & lefland
147 S. 4th St., Phila., Pa.
Tat. Lembard 41-73
Mrj Oullflfr
1 87 jifl 41
3!i uc 4A
cj.'jsinj qvi1'a7 re:;a
bi0:.W'! i:r5,,,1" '-".'7jl'.:r
, --. r. ,u , . . . .', .It A-
8 ' i ue ae.ui
4.W,
BUTTER, EGG8 AND CHEESE
Nrw Vnrli. Jan. i-i HUTTEn Firm. Ha.
celiita B7.1J '". Crumery. riljrri r than
MiHlnetg. Aa j. rerl croDCBltlen the due.
tailena wtra 4 per nut. with oftere at 3
per 'i?nt.
PrIniK merrrntlle ;r vj moderately ac
tive, and trt lt r.i,,, weri dttcuurnM m
4i te B Vr i .nt The aupiily e really
(.nulla matrrU. v.un n it lurse.
rHI.ADF.U'HI. Pall. 8 pr ewit. llrr.e.
r.ttr5V per oent. cetrmerclal papr, three
ie eix met.'.bo. 6'4 4t per cent.
DIVIDENDS DECLARED
any. cuar-
raclfle Oaa and Hleetrle Cempan:
ttrly tl.SO nn tlrat praferred Hnd urlklnal pre
ferred. let payable Fubruury 13 te atecK et
record January SI.
General Asphalt Company, quarterly (Ne.
fill I et 1 per cent en preferred, payable
ijnrcn 1 te bieck ei recera rreruary i
extraa umem ciwmrrj, i-xtraa n:
iem SIS. nri. nr ig in ucore. 32 W37U. (-
naeK iik aiecl:, current mai;e. Ne. ". jj S
:e4c
RilGS 8tren. Ileelrta ln fl7& cap,.,
Ffh gathered, extra nrnte. aif.i:(.; fit-ats'
Utf.S0e. nearhv hnd r.uurby W ater.. hi.nl
ery wtaltee. Urate te elr'. C7fa2'i; nearby
ind nerby Weelarn l.'nnery. brown, ejt-
m ik4 0ASi;i nearby eathored brewnu unJ
,ixJ culere flrla. te extrua, B003e. re-
1 iterater l.iate. SDSaOe
JHBKSC lrrtnuiar Itelpt, sue boxea
juotatlen unchanged.
Reck Island te Issue New Bends
vVaehlniten. Jan, 14. -The Chlcate. Heclt
kland and lNicltle Hallway Company waa
utherizea ioey w AV1 wonimerea
litiynOV Meney lit
cent ' s' "t.r.t rntN
cent, t
months' Ll.'b
quoted a'
tliir tilllK, it
Sr4 per cent.
3U
is.
per
pr
Thompson Htarrett Company, eeml.annual
i per cm en common, paaute April ! te
ttecu or record Aiarcn u
Twir. City Hapld Trenelt .Company. 2 par
cent en common, payeble l'ebruary 10 te
lock of record February 6
1'erniylvunla Ceal and Cuke, quarterly 2
per cenl en common raykb'e Fe'jruaiy lg
te atecls of record I'ebruary C.
Liverpool Cotten
Cummleilen te laaue J2.OOO.0O0 In new inert
iace aecuril e. tne mue win De. uaej
r.nnbiiru thu treaaury of
izpeedltur(3 already made.
te
the rallrexd ;r
iPhtla. ,
n Vr.rlr
Liverpool. Jhn. ill Hpe' cotton v.-aj cull 1.6aten..
tnd.i. with irl?qti ei.xlei' en the l.uuia r.t uvhlnave.
. t:. m .. .... - ..... ' .- w. m,....-.
nciin or ij iHjiniif iur nnuaun? at D.uld
The bftlea were 8005 ba. n. The recelr.ta
er Vi.we talon Including a(,oe balea
American Futures wero quiet In the early
dea.lnge. Spot prkce w re. Ami'rltan, mid-dllnk-
'air. 12 aid geed middling-, lo.eed:
fully mUailna 10.2A1, mlddlln. O.Old, low
inldJIIic. M.nld: icei ordinary. 7. Sid, and
ordinary, C 7d.
Movements of Vessels
New Yerk, Jan 3. Arrived. Alfena.i XII.
Vera Cruz, Aeelui, Duonea Alrei: blbeney
Havana.
I'.ilcrme, 7r " Arr!"tl rre-.Wjsee.
Ne' Xe:l:
BANK CLEARINGS
Bank clearlnjrn today compared with cor-re.penclna-
day ; U.t two year.;
J07.000.000 t!D.ilH,33d I70,a,00"
7OS,B0O.n0O 7M1 !ri,710 (iilU.4A4.neZ
no 000,000 4fl,87fi llA2 llH OlB.OJll
bl. 800,000 U2,lllS,b7Q le8.12U 028
Prices Improve en Paris Beuree
rarta. Jan. 84.- Frlcea Improved en the
Beurae today., Three per cent rentue, 60
liunca 20 centtmeas exchange en Londen, lil)
fianca 22 cef tlmee; B per cent lean. 80 frunea
20 centlmea. The dollar waa quoted at 12
franca 37 centlmea
" i
Flaxseed
Dnluth, Minn., Jan, 21 Flaxaeed. en
track Mid te arrive, 12.194; January.
12.17 i, ae'-'ji. iU ' t"!3 '." July
2.1S. na.
Raw 8uaar15Market Firm
New Yerk, Jan. 4.The raw eurar mar
ket continued rtrm with Cubaa for Jnnuarv
shipment quoted ut 2V rente te S 8-SJ2 centu
coat and frelnlrf, und for February ahlpnieni
?i B;?,2 t0. a.10 enta. coat and fre iht
In addition te the sain of upward of aoe 1
0U0 bat. Cjbaa for January rnd February
ahlpment at 2'4 centa, oeat and frelcht : te
local rellnera retard d yeetreday, cniriinri
kcyulred approximately 80,000 baa-a for Feb.
luary and .March at 2 fl.ld cents, coat am
frelKht, nnd 80.000 b Cuba.fe'r January
and February ahlpment at 2 5-82 centa c i at
and frelcht. Canadian reltnera took aoe
una Hurtr.air.a In Pert nt 2 8-10 cents', e I f
i."J. ,:'J'0.hi.t "n 'Jomlne for ahlpm nt
Orat half of February Rt 2 8-10 centa, c. I f
Importation yeaterday were conelderably
L"Wt,h.,n of ""- ."RKregatlni; mere than
200.000 bap, as follewai 78,000 tiairi te
a ne'lcan 6ua. Ilefln'nr Company; V oeo
ban te National Huar nednlnir CemiTanv!
84,000 baxa te Warner Bunftr flnln rVmi
pany; 20.000 baaa te Federal Huar lletlnlna
Lemjany. and i 000 bagi te Arbuckle Ilre,"
In addition te the Cubca, the Klleh Cern.
any re-elved 6000 base Perte Itloea,
Oreeleck Company Cuts Dividend
Ponten, Jan. 21. The Qreelnck Company
lu a declared a quarterly dividend of tl.etl
en the common ateck. payable February t
te ateck of record January 23. Three
mentha are a quarterly dividend uf 42 waa
declared.
BAR SILVER
Oomeitle bar allver waa unchana-ed In
New Yerk at 0.1H e par fine ounce! foreign.
14c. u gain of ic., I". M:r.len. tte iTi:e
ti!i higher at aea
lOii
701,
40 Un Trai'.
408 UOI ...
10 tle nref .
lOtU H Hteel.
100 WJ & H.
35
38
51
WS06
;h
m
OUj
20 y,
f
12
H'Y
il
40
H4
71
CO
SOU
ri'
2S
S?i
15
72
20
35 y.
38V5
51 M
85
33
2
.55i
tp yp
WVi
50l
2Mi V,
07 ,
in'.- (.
77 Uy
75i 14
4091
:
71 ..
50 ..
Many Bankers Demand Life antj
, Fire Insuf anqe as Lean Protection
1
THAT is a natural precaution and
quite just. And you will find that
some bankers mere as each day
passes arc also including Credit
Insurance as a required lean protec
tion a precaution just as natural and
wise as the requirements of the ether
protection.
Yeu can see for yeure'lr that your banker
would leek mere kindly upon extending you
a line of credit, when he learns that you have
a "Londen" Credit Insurance peh"cv. Then
he knows that your buslnen Is aotelutety
prptected against any excess less from failure
of any of your debtors.
There's no time like new for a "Londen"
Credit Insurance policy. Asking for panic
v ulars doesn't obligate you.
survicE
ivnrka
ATvetm
SERVICE
Lesses Paid In
.AmericAnCurrency
Established
EliJiteenSlxtnine
JUONDON GUAIUNTEE AND
ACCWmr COMPANY LTD..
R. A. IRVING, Gtncul Aaent-Crtdlt Insurance utpartrncnt
Stokes, Packard, Hatishten" Smith, Maer4-All ether casualty lines.
Dell rhonc-Lembird 4190 414 Walnut St. KcTitenc-Maln 4190
An Endorser for
Every 1922 Debter
Hew would you like te have such a factor in your bus
iness throughout the entire New Year? Well, that's
just what the American's Policies of Credit Insurance
will de for you.
These policies (there's 'a form exactly suited te your
particular business) absolutely safeguard you against ab
normal, unforeseen credit losses. They protect your
merchandise accounts save you worry enable you te
concentrate your entire energies en developing, your
business. Wouldn't it be desirable, fdr instance, te
devote mere time te itllinz during. 1922?
Start your business New Year right investigate the
credit protection service rendered by The American
Company. Yeu arc net obligated in any way if you
ask us for the full facts and figures. They're intensely
interesting, tee. Will you write ej phone for them?
Paymtnts te Policyholders ever $10, 000, 000. 00
AMERICAN CREDIT-INDEMNITY CO.
e NEW YORK E. M. TREAT, president
MOtya ITANDAnD UNLIMITED POLICIC
W. J. Merphy, Manager
J. F. MacFadden, General Agent
1011 CHESTNUT ST.
Phene Filbert S503 Philadelphia Pa.
BSfIS
-t-ffrf.
yein"
rout
L.
A "Put.lt-efP' it u reatlesa,
uneaijr tort of chap Urinn
from day te day, letting to
morrow taka care of itself.
There's another fellow we all
knew who carries nnd creates
tin nlr of confidence. His
comfortable smila seems te
Huy, "Come what will; I'm
ready for It." He'b n "Put-it-ln."
Jein him. Open u
savings account.
North Philadelphia Trust Gx
Bread St and Germantown Ave.
Above Erie Ave, Philadelphia
soil..
25(4
28 ..
18
(ti',,
15-
20-8
35 Va..
38i
514
cm"
cur;
M
'A
lJlspW
)"8.
tS'et ehane n.ad bv comnarlaen with Icat
1.. 1. tJ.W V.V Mlnnt. I'.nh.n..
.IV v. ... -v.n ...vvn -b..w..v.
Total rule. 10.218 aliaree, compared with
4B39 ehafea yesterday. Thua (nr thla wet.lc,
K.7J3 aharea.
rniuDi:LiiiiA hendb
200 Liberty 1st 3s
1200I.lbcry 1st 4',
550 Ubf rty M 4
a M7....
Vi '47
Vis M2
1MI. 34
07. -Ul
117.18
WE OWN AND OFFER
Union Terminal of Dallas
lit 5'i 1942
Ptnnt. R. R. S's 1068
Wcittrn Pacific
lit 5i 1940
DuQuene Light & Power
7Ms's 193G
Widihi n Blce, PHiueiiraiA
M
We Offer
Pennsylvania R. H.
6 Equip. Trust Ctfs.
Due Jan. 15, 1929-1933
Tcv Exempt in Pennsylvania
Partlculare en Application
A. B. Leach & Ce., Inc.
investment Securities
115 Seuth Fourth St.
WW Liberty 2d 4Mn 42 00 0!
10250 Liberty 2d 4'.h '42. .lets 07.00
200 Liberty 2d 4 Us Ml 00.80
10000 Liberty 2d -VAe '42 1)7.10
500 i.iuerty ;m 4as "m 07.00
-)0(KI Liberty 3d 4Us '28.. leta 07.70
lKSiT7ra
liillini i.iurny .ici "jvis
10000 Liberty 3d 4iiH '28
5(H) MUcrty 4tn 4'kn
38
38
15000 Liberty 4th 4h
U1W1 I.thertv 4tli .IV. n
K00 Liberty 4th 4Uh '38
SOOO Victory 4s '23..
150 Victory Wr '23..
100 victory 4')iB 'li'l...
21000 Victory 4b '23 . . .
5000 KlfetrlL' & Pce 4s.
100 Klectrlc & Pee 4a.
500 Klectrlc A Pee 4a
07.74
.... 07.14
07.22
07.12
07.10
100.14
00.08
..... 00.00
flets.100.12
(lit
03
(H
2000 Electric & Pee 4s Hi,
500 Electric & Pee 4a 3y.
1000 Lehigh Vttlluy 0s 102 (J
1000 Phila Ce cena 5h 87i2
1000 Phllii E'ectrlc 1st 5s 05
1000 Phl'a E'ectrlc lat 5s 00
500 Phila Electric lt 5s. . . ; . mil
1000 Phila Electric flu ieii?
2000Phl!n Electric 0s Ieta lOl
10000 Phl'a Electric 0a lets 101$
2000 Phils Electric Cs j0e
1000 Hnanlsh' American 0.... 100
1000 United Railway. 33 731
1000 Welabacb Bs .V,"; $
Total, tlSS.039, cembared wlih 14.1 nan
jesurdiy. TMw hr ttiii, veck. ns,"2.
$105,030
CITY OF
ALLENTOWN, PA.
5 Improvement Bends
Due 1926; 1031; 103G; 1911
Te Yield 4.2.
EDWARD LOWBER STOKES
20 Seuth 15th St.
Philadelphia
Locust 0345 Race 3539
C. S. PATTON & CO.
81) X CHESTNUT !TH.
CAKuRS
huicm.em te
BAII.KK & HTKVKNSON
Henda and fka heuiht nnd aeld.
wi.nuifrw 1-iiiin. piuch I.
JRicliante J
eyCIarK$gOa
tlXSKXUB
Dealera in
Investment Securities
Uemlera New Yerk and PMIaJttpMa
Btoeh Hxclxangca
321 Chestnut St., Philadelphia
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHII
GARRISON&CO.
WIDENErt BLOC
MEMBERS-NEW YORK AND
PHILADELPHIA STOCK EXCHANGE
STOCK EXCHANGE SERVICE
II
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