ME ' ' i 'r TZ& M JW, r V': V iw ? 0 J" 1 i . -N ' i , "20 Canadian Bends We own and offer the obligations of several of the Provinces and larger Cities, at prices yielding sye te e C' Dftath tijian rtquttt The National City Company Philadelphia 1417 Che.tnut St. Ulantlc City Chalfonte Bleck 1225 Boardwalk M Moter Stocks What is behind the pres ent forward movement of the meter stocks? What are the earning and dividend prospects of the various stocks this year? Hew far carry? will the rise A careful review of the market position of the lead ing meter stocks, just pre pared, will be sent. Request Bulletin PL-S8 ! CHflRLESTlCLflRKSDN&l 66 BROADWAY NEWYORK TEUBOWLIHG OREEM 4020-36 Exempt from the Federal Income Tax Douglas County, Neb. (Omaha) Read 5 Bends Due 1937 te 1941 Douglas County contains the City of Omaha, an important railroad gate way and one of the larg est livestock markets and packing centers in the world. Prices te yield 4.50 Complete circular en request Harris. Ferbes & Ge Pine St. Cor. William NEW YORK PHILADELPHIA OFFICE WldcnerBldg. Telephone Spruce 7040 licat- yny SrVJnSdifiayia v " " We Own and Offer Southern Indiana 1st 4s. 1931 Sun Company '.H, 1U31 Union Terminal of Dallas l.t it, iu WlDINIR BLOOi PHILAOtlPHIA Mu Turk Stock rak. . HIWYOIK IUIUIW, HJ. m ' Hsfl I I L I IU2 ficriicU Braa. & de. tfuhllr Utiiltu eJpruritire fork Exrlinrqjc Biiililne. JhiU. Lehigh Pr. Securities 6s, Interstate Pub. Serv. 5s. Strawbdg. & Cleth. 6s, Vheneai Locust "."JO - l - J - 3 Private l'lienea tu New lurli & 1927 1945 1942 - 4 Hosten fort, 'Meow & Kaw Lwut t.ullUili it4 An orranUatieii of ixperlrnrvU r.ntlntxir- Ins and Miinacement Herrlultiti tn t'ublle Utility and Induitriul Hutineii. 1421 CHKSTNl 1 Hl'KKBT I'llII.ADKI.I'IUA Hall Ttlrphnns tjpru.e 60S2 tty Turk fl,l,-n Sun Knnrlre tt The First National Bank of Bosten Capital, Surplus nnd Profits $37,500,000 Wt In n trolley car. Iteute -lu ut i Market tit., lur.e envelope murkeil ll Ce..' eeiitalnlna- 3,U00 United AnitaHfr if VAtBM ! Am SjB.Saa m eirMi V netprete V. mI $,09O I'hlladtlehla JSIrelrla 0 M e)ue February 1, IBM) ulna lad'a bank fc.- i.thgwJ reuarii U returaeA t I'arrlb Mfl TTWt 01. . t MARKET CONTINUED SPECIALTY AFFAIR Xside Frem the Peel Issues, Trading Was Dull and Uninteresting Sales 200 1.1.130 14200 100 8000 JtOO 100 ntoe tee noe 2000 noe 13109 109 300 300 1300 400 200 COO 4400 1H00 12)0 200 2500 800 2200 1200 200 3S93 tee COO 200 2100 003 301)0 1090 100 400 1000 net 100 709 28203 3100 200 100 tee 2000 100 100 400 .100 10 2400 200 CS.00 1000 109 100 100 191) 7030 300 300 100 230 J00 tee 1400 000 300 300 3.100 400 100 300 1009 300 12J0 300 1209 1J09 100 4000 300 1730 COO son 2011 .101) 1100 3)0 1290 100 O-I00 .100 200 1009 1300 901 ine 1099 3000 200 noe 100 100 300 100 1100 3.1700 1200 25S09 U'U 4700 4S90 .IS 100 910 2011 .10') 101) 4900 209 200 400 2300 100 1S300 200 400 100 3.100 000 11700 100 100 Nu erl(, Jnn. 25. Annrt fiem a mv Hcinltic speculative Interest con cen con "riued nt n low ebb in tedny's stock ' 'rtrket. In it cenernl character the mftrlfet differed very sllRhtlv from !ip tirececllntf sessions. There vn" the nme monotonous bncklnjr and fllllns, which uns broken nt different intermix ' the peel nativities in n few selected iues higlU sensitive te mnnlpulntlve 'nliuenies. There wns no real weak ness te crop out. neither wns there nny TuMeunccu demonstrations of strength. Utegpther It uns the nmi Idle drift- n-,' nflair. tiirtlnc nowhere nnd cettins nowhere. ,t the list, ns n whole, hud n Sfed tone Although the business uns rather Hi' if WB' nl'liar,,i,t snie f Iho peels ' til found eiieeiirnKenient te continue their operations, mnlnh select ine thoe Issues directly associated with the merger inlks. Thev were nsssted te Mime extent by the easement in call ' money. After standing leans had been , renewed nt 5 per cent th into was reduced te 4 with reports f n return ' Hew of funds from the interior, the , withdrawal 0f wllien n) irK,.iv rc. I spensible for the Hum in the call rate , an week nfter these funds had been lu plentiful uppj nt 3 per cent. About the nnlv chanpe in presram ,wus the heavy Hling of Sears. Uecburk i for the western nrcnunt. presumnblv in- j lluenced by the very unfavorable annual I statement published by that concern. The effect was dlsrlnetfe localized, dem- I i enstratlns once mere very conclusively that such mherse exhibitions of bul- iievs conditions had lens nsn been an ticipated, nnd In the parlance vif the Street were discounted. I Leaders of yesterday's stock market continued te strength n in the earh , stages of the session. Mnnntl Sugar , rose 4 points. American Car 2 and (.nlf States Steel 1. Electric Stor age Battery wns nlmet the one ecep- ' Hen. lesine n smalt fraction, but later tmirhed a new top. The mere prom inent steels, equipments and meters made moderate gains, nnd rails, espe cially cealers, were iirm. On the ether hand. Woolworth. Cern Products and General Asphalt ensed 1 te 2 points. The market rallied before neon, spe- nalties iigain leading the ndmnrc. (iulf i States. Ciucible, Sless-Sheifield and Ilethleliem Steels advanced 1 te 2 ( irtilnts and Mexican nnd I'an-Aincricnn Petreleums stiengthened with American woolen nnd American Writing Paper preferred. Savage Arms and Davisen Chemical were among the strong spc c'nltles. gaining 4 and 7 points, re s' Im tiely. The afternoon session was enlitencd I te some extent by the driving in of the 'short interest ui Cern Products, which I ran up ever two points te a new high level. This apparently intimidated the j shorts in ether popular i-sues and there was a mere extensive covering move ment, in which the sugar, copper ami miner steel shares made the most preg- , ress. The shippings were nIe taken up and a few specialties such ns Fnmeus I Plajers, but the railroads and some of I the mere popular industrial lenders con tinued sluggish. This, In turn, wns off- set b n ten point break In Oulf States l teei, wnicii unsettled the entire mar ket and produced n gre.n deal of ir- rcgulunty in the iinal dealings. Commodity Markets GRAIN MAHKET Chicago. .Ian. 25. There was little mrsiness trausmted in wheat tedaj. The bull imnemeiit appeared te be in tegrating as the market needed constant ' support. The start was a fraction, higher en bu.Mng bj Eastern interests ami n Inik of offering. After this huv- ' ing was completed the market seemed ' te sink of its own weight.' Exporters were credited with buying futures, but1 there were no indications of unv expeit ' business. .Milling demand was' light. The iiiewment of corn prices wns small and changes were of little con sequence. There was. some buing i.hieh looked as if Armour was gimg the market support. Offerings were Miiinlj scattered. Hrveipts of ern were net se henvy as expwted. bur spot corn is net meeting with the demand antici pated and Die undertone was easj. (I.its were inet and eus The, Northwest was tring te buy jnli and' sell May. The senbenrd reported e. purr uusiness in eats. Opii ,H.'i',h .I-0'v r-inie ' .11'. H i j.-. l.2. 1 OIlJ i . ! 1.15T4 1 021. .MT. ..'.a ', .10 .r.a, it.1 .5,i i EE000 31'j .10 ! 800 .US', .3DTi 800 230 103 100 1100 "00 50103 700 1100 300 100 210 C09 310 noe isoe tee 2100 1D00 tee 1100 1190 seen 800 2)0 1909 tee 13)0 100 2490 li 00 3000 900 400 100 KL'O 17 00 0 77 10 20 s se V JO p se lU J'l t JO 0 T". V 111 c se ! I J 1 'i Oi) s no 0 11 COTTON MARKET New Yfirk. .Ian. L'.". Mm h of ihe selling of cotton this n.einlng. en which l'i s dropped is te :t7 points nt Ihe, i, pining, was due te ueuknessut Elver. 1 'l mid lunruh Manchester tallies. liijiit the eiilj siippeit enrly rnme from fiie trad" .Japanese Interests and local fh,,rts Eherpoel. uptown onernters n tul Wnll Street sold. The January po pe po itien was affected bv the issunnVe of e.ghtten notices. After the start, trade ciuitinued nitue with prices at about initial levels. switching continued fairlv active in ilit einh afternoon. March ru'ing leln t.velj ui-nk and July stendj in the tr.mfer of interests. One looker was stlmatt'd te have sold dO.One bales Mureli ami purchased an etpuil amount of Jul). Lecal spot iirms were bujer. of March ngalnst sales of the later months. Experts aggregated -17U0 bales, in cluding .W0 te the Continent, nnd 4 WO bales te Japan and China. Total for the season has been n.'JSO.ll!) hales, computed with .SlTi.'-'lfl bales for the corresponding period last season. Prev , lu firwn Hlirh Lew I leir Jun 17 4.1 17 1 ) IT 2.'. ill IIS 17 41 17 2.1 17 311 17 03 17 (l.-.Ofl 17. Ill 10 7s 17 02 1H ns It) ilH4i70 in sj hi 21 lti ns in 21 in 2.ys ir, no n7i !'. n'j li ns i,i ns 1,1 71 13 5J 15 6J 13 0J 15 5J 3.1 Ma Jub (i i hpel utrvA vnnK rnrccF maduct . . . ,, , . IfVrieil ."sew liiril, .mil. .. me lecni cultee ri-iurd ftitureH market opened ivitli little buy ing nnd t-cllina npnrt from call IrniiH- iiPtieiiH, penllni'd te a few lets of Scp- I tember nt 8.J1 te 8.'1. The enrly of- , iii'ial cables from Brazil showed u steadier market there. Itie reported n elenrnnee of tHOO bagu te .New (JrlcnnH. Arrlvnls of mild coffee be far this .....!. li.in ltnnn 171 !l.rft linrfu Pv- ! rnt I nnria iuTi' 'J."i.lOL! hll L'H fur the twptitv. I lllllliLll ..I..' .... . . miu .,.,."( ..fc...u - hard Man It !l"'- I Janu.irv May (mil. iliivn nf liuiiinrv I rent en common anl l'i pr cent en pre four UllJS OI .lanunry. tSrreil. payable February 28 te ateck e: v,iii jj.bii ,ajv t uiue nuNi receru van . Feb Mari-li April .Mi.y June 18.3 J 8 3 . . . . 18 :ix 8 iOtlli) 8.43 b.fi t.t 4!) 18 3S 6.80U85 8.3ft bit N 'l.lfl'lN . IS 2l 8 20WUO , . t8,l,1 b!l7 H 4 3 S 31) .. K ,11) ur near July Allff .... ......... 1 H.J.I hep: .... 8.21G23 8.20 S.21 18.21 C(.t t t p IS' M.23 8.20 S.1H 8.19 KJftjJ? 8.21 8,;e fl.20 EVENING PUBLIC OCEBUER NEW YORK STOCK EXCHANGE TRANSACTIONS Dlv. In I lllnh 4 Air lleductlen 0 Ted ay Lew Cleto 49 V, AJnx nubbcr 14J1 13J4 1 7Vi 425; C6 32 C8?4 30 Vi 57 J. 374 33 ?i 96 14 1115 20J4 014 1314 0& 834 4014 94 31 U 37 10 s H 4 s. 8Ji 46J4 9011 3114 94 07 J4 94 32i 62J4 117 133 ioe?; i28; 20 83 1045 28 49?i 304 76 100 li 07'i !' 87 u 3'i 29i 1000 144 76 96'4 33U 33J4 80 37 39 Vl 91U 7i 07 24 8j,j 73 117 29 91 0'4 26 '4 30 47 09 CO 1235, 1314 31J, 34 Vi 30 39 Yz 6374 Hi 3'2 135, 33 184 no?4 03J, 31 Ja 73 17 ?4 28 33 47'i 43 y2 263; 31 ts 14 7 07 58. 6 0'b 67 514 99 J4 33f4 r.e'i 19H 0J4 2314 35(4 10 108 U 112J4 S154 142 14'4 S'a 12J4 7 8 J4 107 W 78H 40 12l 12 j; 37 h 14214 8H 09 1 j 81 37 U 3014 1614 "94 31'i 27 84 14 'h cs 7i 83 !, 55 7.7 13 100'i 314 4U!s 314 '14 8 35 27 81 4 14 oej-4 3014 72 U 189, 7I4 49J4 70U 14. 20 14 2?4 11 U 30 "7ft 14H4- 1? f H 88W 66 33H BSJi-t- 36J4 S9J4 37K 3314 - .. AJa Itubber rts 211 A .. Alaska Geld Mines. 4 Ailed Chcm & Dye... 69)', 4 Allls-Chalmers 43J4 .. Amalgamated Sugar.. Cfl .. Am Agrle Cliem... . . Am Agrlc Clietn pf . . . Am Ueet SUftar .... 4 Am D Shee I-My new, . . Am llesch Magneto, . Am Can 7 Am Ciin pf 12 Am Car & Xdy . 34U . 6HTa . !4 . ee . 37?; . 31 94 . 0B 4 .146 98 t- 143 J4T 31J4 6 $4- 1314 6094- 83J4- 41 9- 311 . .. Am Cotten OH zi?i . . Am Drug Si-n 0 J4 . Am Htde & leather. . 13J4 Am Hide & Leather pf 00j 7 Am Ice 84 Am Intern.it Cerp ... 41, 1 Am-La i-T.ince Ens . . 10 .. Am Linseed 33J4 Am Unseed pf. . . 6Sv 0 Am Locomotive 107 J.; . . Am Safety Itnzer 4 . Am snip & Cem . 91 Am Smelt 47i e Am Smelt pf . . . . 90, 3 Am Steel Foundries.. 32 7 Am Stecli Fdys pf 4T .. Am Sugar Itef CSJ4 7 Am Sugar Rcf pf . . . . 94 . Am Sunmtra 3.1 7 Am Sumatra Teb pf . . 83 9 Am Tel & Tel 117J. 12 Am Tobacco 134 0 Am Tobacco pf new..l00'4 12 Am Tobacco B......129U . Am W'atenvks pf. '-1J 7 Am Woolen 84 7 Am Woolen pf 104li .. Am Writing Paper pf 29 W .. Anaconda Copper .... Se 4 Asse Dry Goods SlJt 6 Asse Dry Goods 1st pf 7 0 Asse Oil 100 . Assets Realization .. ls 6 Atch Tep & Santa Xc. 97 Vt Atlnnta Ulr & Atlantic 114 7 Atlantic Coast Line.. S8)a . Atlantic Fruit 3?i . Atl Oulf & W I S S. . 30 20 All P.ettnlnp '.1000 .. Austin N'lchelns 10 . 37 - 100 -4 -811-46J4-90 M 31 K 94 - "714 94 3214 -r 0214- 117 134 100K-T 128K 21J4 83 101', 2914 30J4 61J4 70 100 - 1H 7Ji- 1!4- 85J4 3H 2914- 1000 i3Vi 79J4 07 33H- 63JJ - 7 Austin Nicholas Inc pf 79 !i 7 uauiwin locomotive .' 9 '8s . . Daltlmore & Ohie... 4 Ilaltlmeru & Ohie pf. . . Knrnsdale Class B. . . - Hntep'las Mining . . . Bethlehem Steel . . . . n Bethlehem Steel B... 7 Bcthbhem Steel 7"J. . . Beeth Fisheries . . Brit Cm Steel 1st pf. . . Brit Km Steel 2d pf . 53T( 20 li SI C1& 92 Vi r.7 24 "0 37 0014 92'4 JJ.r 07 - 24 8!j- 72 - 117'-r 29 l'i- 014 . 264- 30 3?4 - . . Brkljn It T ctfs of dep 8 IS . Brkljn rnlen Gas.... it .. Burns Bres A . ...117Ji . Burns Bres B .... 3914 7 Bush Term pf . . . . 9114 .. Butte Copper & Zinc 6H . . Butte & Superior Cep. 27?4 . . Buttrr.ck 30? .. Cnl Zinc & Lead &U . . California Petroleum . 47 e California Packing .. C9Ji 2 Calumet & Arizona... COVi 10 Cnnadlnn Pacific . ...13l?t . Carsen Hill Mining.. 13JJ .. Central Leather 32?i .. Cerre de Pasco 35 JJ . Certaln-teed Pred . . 30 0 Chandler Meters .... 00j; 2 Chcsapenke &. Ohie... fiJi .. Chicago & Alten 2j; .. Chicago & Alten pf... 314 . . Chi & E III (new)... 13Vi . . Chi & C III (new) ii f 33i . Chi Mln & St P 18 U .. Chi Mil & St P pf.... 31 1; 3 Chi & Northwestern.. 61 .. Chi It I & Pac 31i 0 Chi It I & Pac C pf "3 .. Chlle Copper 17 V . . Chlne Copper 28 . riev Cln Chi & St L.. 55 . Cluett Pcabedy 31 1 Coca-Cela 445, . Colerado Fuel & Iren. 27 K Colerado & Southern.. 31 6 Celum Gas & Klec 08 V4 .. Celum Graphophenn . ? .. Cel Graphophene pf.. 7 4 Cemput Tab Itccerds C7'i 7 Consolidated Cigar pf 3H?i Consolidated Lis Ins . B 7 Consolidated Gns .... 91 x 5 Continental Insurance. 07 .. Continental Can 4314 5 Cern Products Ref...l01'; .30 Cosden & Ce 34 ; 4 Crucible Steel 04 .. Cuban Am Sugar 20ii .. Cuba Cane Sugar 10 "t . Cuba Can Sugar pf. 24 4 Davisen Chemical . . . 03, 30 Dcbeera Cen Mln Ltd 16 I) Delaware & Hudsen.. 109 0 Del Lack & Western 113 U 1 Deme Mines 31Ji 12 Llectrlc Storage Bat..l41? .. nik Hern Ceal 14 U . Erie 8' . P.rle 1st pf ,s B Kndtcott-Jelinson ... 80 7 Kndlcott-Jehnson pf . 107'j s Famous Players L . . . 80 47 09 i- H CO '- 2 128H- 94 1314- , 3214 V 35H i- 14 30 - 1 39H J-i sr,u - u m 31i . 12H- H4 33 - ? 183, - ! 31 - 3, 03J,- 14 3li- H 73-34 17 i- 14 3814 14 33 - y7 5014 t- 24 43'j- t; 30? - J4 39 - !j s !4 .. 1J4 7 07H- 14 $ - H H 1, 91"' . 671 5311-- ?; 102 J4 315 33J4 - H 02 2 194 - 14 9J4- 94 23 14- ?4 59J4 314 10 -108 1'2 11394 - 2134 II - 14 '4 - .8- 12 J4- 80 J- 107J4- 80 t 40 - 1374 13J4 571-i- 143 - 8M- 0914 81 -f-3714 3014-f. Federal Mln S. Smlt pf 41 risk Rubber I'. .. Frcepert Texas ... . 18 ? .. General Asphalt 3SJ 8 General Electrle 143H .. General Meters 8'4 n Gen Meters deb 6".. 09 li 7 Gen Meters deb 7 Te.. 81 .. Goedrich B F 37 'i . . Granby Consel M & M 30;J . Gray Davis 18 7 Great Northern pf.... 73i 4 Great North Ore ctfs. 32 Greene Cananea Cep.. 27 . Guantanamo Sugar .. 81; . . Guantanamo Sugar Bts S . Gulf Mobile . Ner. . . S54 .. Gulf Statt? Steel 78!2 . Hnblrshaw- Kl Cable.. 1 4 Huskell & Barker Car 84U 3 Hemest.ike Mining . . "0 . Housten Oil 73 Hjpp Motorcar .. . 13(i 7 I llmeiH ' -Mini . 101 Indlahtirna Hef . . . 3H lnspiratiuti Cen Cep . 40'a .. Interb Cen t'erp 2'j . Interb Cen t'erp pf... 7'4 .. Inttinat Agncul 91 .. Int Agrinil t-'erp pf . . 37 J2 .30 International Cement . 37 B Int Harester new.... 83J4 . Int Mtr Marine 14? 6 Int Mrr Marine pf ... C7K2 Inten at Motertruck . 3H, 7 Int Motertruck 1st pf 72!i Inlerr.ttleiial Nickel.. 12Ja tt lnlirnat Nickel pf.... 71'i . International Paper .. 30', U Inti r Paper pf stpd.. 70 '4 .. InMnc.blH Oil Cerp... 13 . . Iren Products 28 . Island Oil .1 . . Jew.l Ten 11?, . Jenes Bres Tea ... . 36J, . . Kansas City Southern 22?4 300 "14 73J4 31J4 37 "li- 14 594 70 - 81 - is 50 - 34 75 13 100 'J- 3 3'4- 1, 40?,- 14 8!4- 14 ?14- li "A 1H 37 -r- 3 871 C1J4- 1M 1414 1, 00J4 4 31 - 14 tm !a 13 li ?4 H 14 491 J, 7014 r i 14b - 1-4 2314- 214 234 - 14 11 14- 14 36 - 1; 33 34 Total pfci 004 00 thdrci compared w.ih 027 300 allures DIVIDENDS DECLARED Amparo Minim Company, nuarterly 3 per i-ent pajJbe 1 1 tiruri 10 te Heek et rceril nrlrV lii i st,'l Cempanv riuarterlv li Dr i"nt mi prfferreil navable April 1 te trick of in ere Marr1' 0. American 'un company quartrrly $2 en common pjiub'u M.ircli 15 l.i atecl. of rei.- trcn'i.j'rilci Hallway awl I.iahtlnc- Company, FOREIGN New Yerk, Jnn. change market opened wltn strength in the allied exchnngcu. Sterling was firm and unchdnged, while francs showed a gain of 3 points. Uelgians were up -Vj Hrc U4, Swiss -J, guilders 1, and marks 1 points. In midafternoen the market was quiet, but a ttteaily tone piHvnlled. Quo tations were: .Sterling cables .2,, demand '1.22; frane cables 8.18U, checks 8.17Vii : Uelgian cables 7.81, checks 7.KI; lire cables 4.-10, checks 4.30; guilder cebles 30. 155, checks 30.50; marks, .40. YBHTEnDAVS FINAL QUOTATIONS Sterling Franca I.lr n,,iM.... murtiTly 1 ' I" r rent en common and pre- lieth payable February 15 te alee! Jariunry 11 payabie .March 1 te atetk of record Kebru- arAmerlrnn Tnbaeie Cemrany. qua'terly 3 nfi ceit nn rimnen uml cnminen 'II,' pay Hbln Marli 1 tu elerlt et record Tebni- "Volerado T"ul and Iren, guarl'rly 12 en iiefcrred paiabe lVbruarj S3 tu atecK of liierrt i'"ilruiry (I rjeluar and Hudien, quarterly 2'i per lllinnif v.riii.ii. ...... . r' . -... puyaiiie .nari'ii j ie siia-u ui icuutu u,i,,lard Mllllnir Cemnany. auarterly ... .. per i f Demand Caeiea TODAY'S i-quiuuir .1 Decline In Canada's Field Creps Ottawa. On. J" 25 Canada's 1U21 ..... xrnn wi.m nillLh.-iH 1(111 hilahnlfl. rem. Demand Cable. 5 'I ' pared with 203 189.300 buihela In 1U20, the " . bureau of btatlatlca ald In a bulletin I. X.22 Bd today. The pottte crep.waa 107.240,- Demand Cable. OOii buihela, cenrpareU with 183.831.400 t.nahela In 1020. The aarareaate value of all CI,O8IN0 field crop, waa 1931,803,070. a decline of approximately $500,0001fteE, from tbe pre pre teu yepr. S t i-sr jPHlUADEIiPH;iA'f WEDNESDAY, JANUARY 25, 1932 Net CKte. Dff. Se.)9 In t tilth Lew 499 . Kansas & Gulf B Ivnyser & Ce 82 J4 . Kclly-Sprlngflald Tire. 3794 . Kennecett Copper ... 3Ji . Keystene.T &n 17 6 Kresge, 8 S 11!4 3 Lcn Tliith Tii.. na 8314 S7J4 314 1S 1114 37J4 5814 11194 5 13 34 n. 148 11314 '-J. 63 19 V5 4614 4334 46 38(4 2414 1314 8094 2414 106 113J4 83 3734 1314 3114 ?4 3 ' 814 25 ieiS '45 08 14 1334 25 11814 304 3J4 IS 5S 7314 33 1434 21 9914 53 4014 Ta 7614 26 "14 tVi 18814 1194 35 "14 si?; 46 Vl 1514 34 8Ji 69 1114 2014 16 34U 034 09 34J1 1411 7614 11314 38 J4 3414 100 14 CO 90JJ 16i 7334 29 Vt 6114 62 33 54 8BJ, ?Ji 6014 13 38'. 34 t 14 a 61 Oi', 114 8Ti l!i 41 77 34 85J4 61 18 482 83 J4 0411 178 US 39 88 414 594 30 10 4494 38'4 31 4114 19(4 6334 14, 27 15 28 0?i 33 70 18Ji 128 83 r. 10394 37 71 139 3234 641J 80 4 60 4814 534 5494 8594 1169, C3!j 109; 3414 29 69 14 0 14 OK. 114 1894 80 3. 16 14 5312 9194 51 094 3814 894 15 14 14514 40 734 9i .. 1 -2tt 114 1?, Ve Hi ? H 100 900 6300 1300 700 300 J JO 3.50 Lehigh Valley ....'... 5834 100 7 Llcsett A Mv.f. nt 1113: 100 390 399 1500 100 100 400 100 300 5890 100 T.Lima Locomotive .... 93 . . Loetre Ce 13 1 Left Candy 9J4 .. Lackawanna Steel ... 4894 13 Lorillard Tobacco ....118 7 Loulavllle & Nashvll!ell3J4 ,.. Maclntyre P Mines.. 214 4 Macltay Ce pf 62 . .. Malllnsen & Ce 114 . . Mnnatl Sugar 50 7 Manhattan Ulu .,. 4SJ! !4 l'i 1?4 !'a 14 M 1 14 806 1.7S Manliat Shirt 40?; 100 .. Market nt r... r, nt ist: 103 100 6000 100 300 7900 100 1100 .. Marlln Oil 2414 Maxwell Class B 13J4 Martin Parrj 33J4 . . .Math Alkali 24JJ 8 May Dept Stores 10814 13 Mexican Petroleum ..11414 8 Mexican Petroleum pf 83 . n. . m v . . H4 1.1 !il HI H ?4 214 14 ..i - -"ini uepper ....... ')a 4100 1.30 Middle States Cerp... 1314 3390 .. Mltlvnln sfe.i airi !4 l,i COO 100 1500 300 300 400 300 100 290 300 noe 300 1009 100 . Me Kansas & Texas.. 1 . Me Kan & Tex pf.. 3 . Me Kan & Tex (wl).. 8J4 . . Me Kan & T pf (wl). . 2334 . Missouri Paclfle H34 , . Me Pacific pf 4534 8 Mentana Power 8834 . Montgomery Ward . . . 1334 . Mullins Bedy 25 U 7 National Biscuit pf...tlVi 0 N'nt Enam & St 3634 214 3; . . Nev Cen Copper.. 6 N O -rex & Mex... 1SJ4 58 74 33 15J4 21 V. Tli 290 e :cwr Yerk Central. 100 2.ne New Yerk Deck. 3500 tee 100 100 55)0 300 1900 3200 300 100 300 100 100 230 300 3200 ioeo 1300 100 1590 530 900 100 100 1300 200 800 100 100 New Yerk N II A-It. 14 "i 14 i U4 114 14 14 Ji 2 New Yerk Ont & W .. orreiK 4 Southern.. 0 7 Norfolk & "Western... 9914 3 North American ctfs. 5494 3 N American pf 40Ji . North Am Class A Bts. 7(4 7 Northern Pacific "3, . Neva Scotia S & C... 37 . . Ohie Bedy & Blewer. . 13J4 . . Okla Pred & Bef 315 8 Otis Elevator 123J4 .. Otis Steel 1134 2 Owens Bottling 2534 .. raclfle Mall 11J4 8 Paclfle Oil 4614 Pan-Amcr Petrel .... 3214 6 Pan-Am Pet Class B. 4734 .. Parish & Bingham... 1!4 2 Pennsylvania BR,.... 344 .. Penn Seaboard Steel.. 8 Peeples Gas Chicago. 8934 . . Peoria & Eastern.... Ilia .. Pere Marquette 20 4 . . Plcrco-Arrew Moter . . 1694 . Plercc-Arrew Met pf. 3314 .. Pierce Oil 1014 8 Plerce Oil pf 69 14 I 2 I "I -is ! 3J4 14 8 14 14 l'J 14 i'ltts & West Va 24'A 100 1,50 Pend Creek Ceal 144 1700 4 Pub Service of N J.. 774 1300 r Pullman 113 8700 .. Punta Alcgre Sugar... 3934 2300 - pure Oil 34J4 100 8 Pure Oil 8 pf 100H 10 nil See Ce III Cen Stk 60 100 g Raiiway steel spring 0614 'O .. Kny Cen Copper .... 1514 30 4 Beading 73J'2 8400 . . Remington Typewriter 31 300 .. Bern Typewriter 1st pf 63J4 300 . . Rem Typewriter 2d pf S3 3200 . . Replegle Steel 8394 000 .. nepublle Iren & Steel 55 100 : Rcpub Iren & Steel pf 8614 310 .. Rcpublle Meters IV 800 5.20 Royal Dutch NY.... 61 100 1 St Jesenh Lead 13 200 100 300 200 3S00 630 6300 300 1C00 100 6200 400 100 300 400 1400 300 300 100 COO 400 400 700 10700 4100 200 100 4000 4151 8500 700 2630 400 7)0 100 200 200 100 900 100 100 700 1400 400 100 100 230 900 500 4800 1200 600 7100 3700 300 1800 9300 300 3100 100 7100 4300 300 100 600 1200 . . St Leuis San Fran... 22J4 . . St Leuis Southwest pf 34 . . Saxen Moter 2 . . Santa Cecelia Sugar. . 2 . . Savage, Arms 14 . . Seaboard Air Line ... 3 .. Sears-Roebuck 6214 7 Scars-Roebuck pf . . . . 92 . . Seneca Cep Cerp.... 1794 . . Shattuck Arizona Cerp 8 J, .. Sinclair Oil 19 J4 .. Sless-Shcf field 41 7 Sleas-Shcffleld pf .... 77 . . Se Perte Rice Sugar. . 54 8 Se Perte Rice Sugar pf 87 C Southern Paclfle .... 81?, . . Southern Ball 18 14 . . Southern Ball pf.... 48J4 C Standard Mill pf 85J 4 Standard Oil of Cal.. 04 J j 5 Standard Oil of X J. . 179 7 Stand Oil of N J pfll3 Stromberg Carb 4014 89 5 5'i 30 ie?; 44Ji 8714 24J4 4194 10, .64 14! 4 7 Studebaker . . Submarine Beat Cerp .. Superior Oil Cerp.... . . Superior Steel . Tcnn Cep & Chcm. . . . 3 Texas Ce . . Texas & Pacific 1 Texas & Pac C & O,. 2,50 Tex Gulf Sul . Third Ave 6 Tobacco Products . . . tit! 14 14 'a 114 14 Tel St L & West ctfa. H 14 lu 14 14 14 94 . Tel St L & W ctfs pf 37 . . Tel St L & W ctfs B. 1SJJ . Tel St L & W ctfs pf B 28 .. Transcen Oil 1014 4 Trnnsue Wm Steel... 33 8 Union Bag & Paper. . 70 .. Union Oil 19 14 10 Union Paclflc 138 Yi 4 Union Pacific pf .... 73fcj 7 Union Tank Car pf..l03J4 .. United Alley Steel... 27 United Drug 7194 8 United Fruit 12994 . United Itwy Invest pf 2334 c United Befall Stores.. 55Ji . . U S C I P & Fdy. ... 31 5 U S C I P & Fdy pf . . 0OJ4 ..Us Feed Products... 8 U S Ind Alcohol 43ii U S Bealty & Imp.... 8O54 . U S Bubber 65 14 BUS Steel 86 12 7 U S Steel pf 1164 2 Utah Copper 64Ji Utah Sec 1094 Vanadium Cern 3S7 .. Va-Car Chemical .... 31 .. Va Car Chemical pf . . 0934 . Vlvadeu Inc 0'J .. Wabash 014 14 114 .. .. 14 .. 14 6 . . Wabash pf A 1934 131. 60 8'i 300 Wabash pf B 100 2 50 Wells Farge Express 200 . . Western Maryland . 200 Western Pacific . . . 100 Western Pacific pf. 100 1 Western Union Tel. 900 4 Westlnghouse E & 100 . Wheeling & L E... 300 . White Moter 300 . Whlte Oil Cerp .. 1034 . . 63!4 .. 9194 M 5194 .. 64 .. S8? 894 400 .. Wick Spenc Steel Cerp 1311 400 .. Willys-Overland 3 34 100 g Woolworth F W ....145(4 400 4 Worthlngten Pump... 40 j; 500 25 Wright Aero 8 jealerday Thu, far this weeli. 1.831.700 EXCHANGE i!3. The foreign ex- LONDON STOCK Ne Expansion In Speculative Ac tlvlty Heme Ralls Weak Londen, .Ten. 25. While there uas a geed demand for secuilties for invest ment account en the Stock Exchange today, there was no expansion In spec ulative activity. The markets, in the main, had a healthy nppearnnce. Gllt edged investment issues rellled after re cessions, which were brought about by profit-taking. French leans continued soft, but changes were unlmpertnnt. Improved reports as te the labor sit uation en the Hand caused n steadier tene in the knfflr libt. Trading in in dustrials was net bribk, but the group wns well maintained. Hudsen's IJay was 5. 22. H 13b 4 3HH aAn ' . i.iiu 38,01 OI'KNINCJ QLOTATIONS . . . 4.22S 8 10 4 3(i au!e5 NOON QUOTATIONS Sterlinx Franca Urn Guilder, . 4.22 'J, 8.17W 4.30 ;. .. 4.22C 8,18 ,4U , .; iinmn rmm wen tvpnirr tiens were professional. Dellar descrip- r.i?o1w?h.aabnuti,ien.l,:r,f,ra,11,1erSeafokrV i", tlens were idle and without feature. H. ii r r.m. Th. market from .h0. i,V."' billty was, noted In Argentine rails. ' "eU1 up ,0 6 p,r cent for tn cheiatJ QUOTATIONS bs a.Ta K-,s:e- Tjttsr !S"csy&-: iirii, ihn reniini AAtnimnr E Today 1 Net Chge. Oteae 7 - K 8314 37J4 14 3I4 .. 1694- 34 11514- 114 Phila. Electric Issues Woakened en Announcement of Sale of Preferred Stock 38 5814- 11134 ts 12J4- J4 47J4 148 - 11314 314 63 - lli ' 46J4 4334- 40J4 3814 2414- 1354- 31 34T4 196 -1134 83 3714 Ji ll 3 811-214-1634 45 6814-1394-5 11 11814 Jj 15 -58 -74 B3 - 1434- 31 9 - V 94 "l4 14 34 1 "K "l4 94 14 14 14 114 14 14 14 14 314 li 14 H li '"li 14 14 J4 H Ji "li i; 14 7i "'l4 14 Electric Storage Iietrcry ami the Philadelphia Electric issues we're the outstanding features of today's local market. The mere active dealings in Electric Storage Battery were in the New Yerk mnrkct, but price here was kept in clese parity with the quotations en Die larger beard, suggesting continued buying here for the New Yerk account. The motive behind the remarkable move ment remained as big a mystery bb ever. A great many still ndhcre te belief the incentive is te be found in the long rumored capital readjustment. There arc nt the same tlme some rcawns for supposing the corralling of en overstayed short Interest cut some figure. This much Is known in real news, and that is the company within the last few weeks received several big orders which nre sufficiently-large te warrant ex tension of operations nt the plant nnd increasing the number of working days. The announcement of the additional issue of the remaining authorized pre ferred stock, which came after the closing yesterday, caused some selling of the Philadelphia Electric Issues. The common waB offered mere freely thnn the preferred yielding te MBS. n r)s under yesterday's top price while the preferred was off. 14 nt 27:!i. Dealings in the bnlancc of the libt did net amount te much. Belated sell ing orders caused Philadelphia Rapid Transit te shade under J8. hut geed support was met. Pennsylvania Kail Kail read wns strengthened by the announce ment of the 1 per cent quarterly divi dend. Only few shares of the United Gas Improvement issues came out. Small transactions were made in Amer ican Stores at 85 J Brill ran off 'A point from the previous sale at 30. West Jersey and Seashore was 'd lower en odd let sales at 334. Trading was started in the Bank of America war rants. Initlnl sale was made nt 47, bift the price quickly ran up te 02. Westmerclnnd Ceal dropped 0 points from the previous sale te 07 en mod erate dealings. The retrenchment policies Instituted about a year nse by the managers of the lnrrir utility concerns arc just be ginning te bear fruit. This 'is reflected in the healthy increase in the net income of the&e companies, particularly the electric railway lines. The Cutting down In the overhead ceit, threush the icductlen In prices of mntvrlals nnd the lower bcnlc of wages has overcome the falling off In the gross returns. One of rhese concerns, which a year age was barely earning sufficient money te meet the fixed charges, In the last two months showed net Income net only in excess of the Sxcd charge requirements nnd the full dividend en the preferred, but also lVi per cent en the common, or nt the rate of 15 per cent per annum. It Is assumed the ebb of the gross has been reached, while, en the ether hand, there is every prospect of obtaining ad ditional reduction in the operating ex ex pensee. ThN would Indicate the main tenance of the net Income around the returns of the last two months. Any picking up In the gross, of ceurec. would add that inu!h mere te the net. The re bult obtained, in the opinion of the managers of the utility company, U proof the real crisis hns been passed and the worst 1b behind thce enterprises. 14 14 914 HJ4 U4 40J4- 1 -77 -36 12 J4- 314- 133 Ji- Hi 1134 - li 2534 "14 4.194- 5134- 4614-1514-34 0 69J4 1114 2114- 16 3411 34J4-14U-77 -11894-3814 3414- 10014 60 -08-lli 73 - 39 J4- 6314 314 53 J4 33 - 5494 - 86J4- ?li 94 14 134 14 UllI 13 32', 14 34 - Ji 251 14 314 10'4 3i 3 111- 1 Si ll T 8Ti Wil li - 77 54 t 87 81 -1811 94;- 176 115 39 - 83 4J. 594- 30 - "14 44J4 3714 34 Ji 4 m 1914-C31- 14'. 87' - 94 3b 14 14 34 II 3 1 3 14 14 54 Philadelphia Stocks Net Clese chge. h5Vj 301&1 Ilish Lew CO Am Stis. . H."i N". lOf Am Sumat 33 33 302 Ulc of A war w i. 02 CO Brill .T G. 30 SOtCcn Lcath 32 ISOtChllp Cep 1704 lOCenTr N.T41 17 .in r. . . 30 32MI Vi 17 17. 44 41 X "?4 94 li 94 Hi HOtO M&Stl 18 183. isi lOfGu-Am Su lOfif, 10 10 U lOTUern I'reil U'J2 UUJ,ii UUVs Ys lOtCu CaneS pref.... 23 23 23 bh 7.V! Wpp Srnr l-.r 14i U2 , lOtKam Play. 70 70 70 , 10 tivii Aspli. 57'h 57'vh 57 2a j 14 '. 1 .iUTtien .Mtrs. ' 73 In Ce N A 30 170 Lake Sup. S 70 1.eh Nav.. OS lOOLeli Vel.. 50 5 I'ennn Cen Light pf 40 202 Pa It II.. 34 H 10 Pennn Salt 709. 8 30 8 (IS 50 40 III 701 30 8.. C8 14 50 .. 0li 34 H 7094 V, i ; 14 1514 1), -' 1 1014 .. 31-1 70 Ji 138 - 1 "14 . . 10394 .. 37 - 14 71 - 3; 18094 Ui 8314 94 J I Phila (Je cum pf.. 30 30H 3C',.. 1507 Phila Klec 25 2i 2401 '(. 1102 de pref.. 28 27 T, - J0O P It T. . . 18 10 Phile & W pref .... 2!) 100 Tone Min. 1 50I'n Trac. .15 lOtU Het Strs 5494 200 U G I... 3S 100 de pref.. 51 200fU S Steel. 80 200trSO & P 20 5 IV .ler & S .13 50 West Ceal 07 100 Yerk Ity.. I9i 70 de pref.. 33 17 18 20 1 35 20 94 1.. 05.. li-ti 5194.. 38 4- i 38 "14 30 J4 604 !4- 43 'r 60J4 51 U 51 h'l,R HU 20 20 y4 'ii :ta u 07 r. 094 33 -1-1 04 31:H INet change made by comparison Tilth laat sale en New Terlc Stock Kxchanse. Total talcs. 0104 ahar"'. compared with 10.213 shares csterday. Thus far this week, 20,890 aharcs, VllIL.I)r.I.rillA IIONDS 103; 30 -f. f IK Mi .. 350 Liberty 2d 4 Vis .'42.. 10000 Liberty 2d 4i,4s '42.. 2000 Liberty 2d 4s '42.. 000 Liberty 3d 4As '28.. 15000 Liberty 4th 4a '38. 00.81 00.04 !4 00.00 07.58 07.18 80 nzyt-ei?,- 3SJe-i-IS - 1200 Liberty 4th 4s '38. lets 07.12 IOOO Liberty itn i'4s MH.... 1)7.14 2050 Liberty 4th 44s 38 07.02 3150Vivtery 44h '23 lets.100.02 3500 Victory 49is '23 100.04 10000 Victory 494s '23 100.12 25000 Victory 4',!4h 23 100.14 500000 Victory 494s '23 100. 10 7000Vivtery 494s '23. . . .lets.100.10 255000 Vlctety 49.s '23 lets.100.18 500 Hell Tolephono 7h 108 5000 Chi II & Q gen 4s 88 10000 Chi NerthwcNt gen 4s... 81 U- ljj 40 - m 2000 Columbus (Jns 0s 78L. STORAG MM REACHED NEW TOP MARKET 10000 Dela cc Hudsen 1st 4s 80 300 Electric & Pee 4s 2000 Eltctrie & Pee 4s Jim Ohie Itlver lht 5s 1000 Phila Ce cons 5s 1000 Phila Electric lbt 5s. . . . 1500 Phila Electric 1st 5s.. lets 3000 Phila Electric lht 5s.. lets 300 Phils Electric 1st 5s 0.1 04 a; 02 87 0594 00 00 05V, 11000 Phila Electric 0s 1000 Scranton Itwy 5s. .. . 1000 "Welsbnch 5s 1fe 11 n, .... 07 Total. 1888.350. compared with $131,050 je.trtday. Time far this week. S1.oOT.Leo MONEY-LENDING RATES XKW yHK. call money ea.ler; high n i ill.: laat lean. 4'i In time money today the (one was Arm with , Per cent bid and 0 per cent aiked rer jracuc;i luaiuiuicB en oein cluea et f-eliateral ..,... ... .... i hut nnH. ;..... ..nt i-ma !. .. ' i - , Tne bhiiw;i " irKei tene tien, nre. eluded activity In prime bank accepiance. whlih are reported ahewlpic a ery moderate turn, ever. Hatef Keneraily are quoted at 4 te hi per CMit, wltli ene dca er uueiimr t. "...W M FREE FROM FEDERAL INCOME TAXATION We Own and Offer: $150,000 City of Statesville, North Carolina 5 Schep Bends Dated Jan. 1, 1922. Principal and ml'-annual tnterf.t Uuly 1 and Jan. ll payable at Hanover National Dank. New Yerk. Denomination, $1000. Price y,la $3,000 due yearly 1 te 5 year $26,000 8.30 5,000 due yearly 6 te 10 year 23,000 S.2B 5,000 due yearly 11 te 15 years ,25,000 5,23 5,000 durf yearly 16 te 20 years 25,000 8.10 5,000 due yearly 21 te 30 year 50,000 5.00 FINANCIAL STATEMENT0' Total value of all property, estimated. .... $15,000,000 Aliened valuation for taxation. . .v. ,.-... 12,750,008 Total bended debt $1,236,000 Net bended debt 786,000 PopulaUen (1920), 7,895; eitiraated (1922), 8,500 The CITY OP STATESVILLE, County Seat of Iredell County, is located in the central part of North Carolina en the Southern Railway. Having an abundance of Hydre-Electrlc power, Statesville is one of the prominent manufacturing cen ters of the State. Has municipally-owned, self-suitaining Water, Light and Gas Plants. Four banks resources ever $4,000,000. Principal crops, Tobacco, Cern, Cotten, Potatoes, Garden Truck and Fruit. ) Theie bend ara for n.w .choel at Stat. .villa and arc the Direct Obligation of the City, being payable from taxee already levied upon all taxable property within the City. The FULL FAITH. CREDIT AND Rr SOURCES of Stateavllle are pledged for the prompt payment el principal and Intereit. A)k for Circular Ne. 3175. Legality apv)OVtd bv Attemtvs S t or tu, Thervtikt, f aimer ani Doiee, Boiten (INCORPORATED 1910) Municipal Bend Heuse 39 S. La Salle St. Chicago Philadelphia Representative Charlei B. Robbing 624 Perry Bldg., 16th and Chestnut Sts. Telephene: Spruce 0240 Secured by An Underlying Closed Mortgage en an important pa of the Pennsylvania System Terre Haute and Indianapolis Consolidated (new 1st) 5 s due July 1, 1925 Price en application Bonbright & Company 437 Chestnut Street, Philadelphia Boiten Chicago New Yerk Secured Convertible Public Utility Notes Every $1,000 note of Havana Electric Railway, Light & Power Ce. is secured by $2,000 long-term mortgage bends of the Company. Tan gible assets valued at ever 3 times total funded debt. Latest earnings state ment shows total in terest charges earned about 5 xz times. Notes convertible into bends en an attractive basis. Price te yield 6 Write for Circular Hemphill, Noyes Cii Ce. ' Mmbt Nw Yerk Stock Exchmni Franklin Bk. Bldg., Philadelphia New Yerlc Boeten Scranton Buffalo Albany Syracuse Baltimore Investments OK Proven Merit BATTLES & CO. BalabHshcd 1100 Independence Square (Ka.t) ftllli Bank of North America Ilights te Subscribe BARNES & L0FLAND 147 S. 4th St., Phila., P. T"l. I.emburU 4MJ VS: LIFE INSURANCE Inauruure Cempanr. with flr.t ienr unrt !L! ,wnl remnilaaluii lind financial hudii!! while you are jrctilne eMnblUliedT InlewitJ' eiperlencr nml credit requ rrl. Writ. "., Midland Miitiial Life Insurance K, .': Celumliua, Ohie ranee Compaq. MCcmnfn s N Y4FVM-ti4' i J Detroit Income laX Returns Forums for incomes of $5000 and under mailed upon request. Commercial Trust Company Memfaeref Fcdml.Reterv System City Hall Square i TJ77E own arid offer a bend " -with the following strong features : Property Public Utility. Security Cleted Rrtl mertgagt. Earning. Three timet bend Int. Tax Statu. 2c?e' Nermal paid. Penna. refundli Rating Meedy Aa. Price 90 fc inf. te yield 7.65','$. Descriptive Circular en Request Samuel McCreery & Ce. iffmbrr JVilJe. pteefc Exchang Franklin Bank Building U'p own and offer Georgia Rjr. '& ewer 7'i 1J1 Okla Power 7'. 1WI . PT(Und Ef.c.'IIIamiB.tinj. .7'i U4I - GtMt.l Xili'.it 'coot 8'i 13 AmcriciD Git 166'r 8'. 2018 Reed A. Morgan & Ce, IVeat End Trvit Bldg., PMla. JMmuer. et Hie I'hila. Stock Eicli. NEWDURGER. HENDERSON & LOEIj ,t Members New Yerk and U Philadelphia Stock uxcnangfi 4J4M At k....t C ,M xeiu unaKiiiua Jir' rt rf , ..r'v.s'T""-.. . i.S t ' l 'V( Mi ,'--;iA
Significant historical Pennsylvania newspapers