P22
EVENING PUBLIC LEDGER PHILADELPHIA, THURSDAY, JUNE 29, 1922
n
ii
i1
Mk !
If
I !
iei
tar L 'H
WHOLESALERS
Bankers and investment
houses are invited te use
our service when desiring
te buy or sell any Govern
ment Leans.
"A Natien-Wide Market"
COMMERCIAL
TRUST COMPANY
Member Federal Reiere Syitera
City Hall Square
MARKET DISPLAYED
DOWNWARD
TREND
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Liil
Vulnerable Position of the Oil
Greup Invited Selling for
Beth Accounts
We suggest for July
investment Joint Stock
Land Bank 5s, non-callable
for ten years, te
yield 4.60 te 4.87.
Free of all taxes ex
cept inheritance taxes.
frRISTINEsce.,
VneDrtn Building. Phiuwclemia
7, "" iuBtTH Na
Iff C
i W 1 raKsi
ll iB
1 4M ! l llvrgrnj3gryf.t
Guaranteed Stocks
BANK & TRUST CO.
STOCKS
MORLEY, WOOD & 00.
333 Chestnut Street
Member N. V. l'hlla. Stock rich's
New Yerlt. June 20. It lt doubtful
whether fcers entertained penri-riiinp
tlie threatened walkout of tlie rnilm.nl
Imp men hud nnv connection Uh the
mndenite lliiiildutlin: wine the central
tnarlci-t eneeuntered tedaj. Teehnlenl
(diidltleiiM tiuiiueotleuiibly were mete
ieviniisble. There ui in nil event'
cwry evidence of liiiili1ntinn in dlfTeietit
ports of the 1 1-t . thi" helni: met con cen con
.piruetf in the petroleum croup. This
nltnRether uas n leieiil development In
Mew of the recent adroit manipulation
cf these shores. The tendency of the
ii .irKrt. In ceneiu nee, was renction renctien
u durine the creator part of the scs
imi. llnllne followed the declines,
'-it the market showed little rallying .
I "Her. !
there a an appreciate incrcn pi
rtlvit.v durlnc the mernlnc. but thu
.. entirely at the expen-e of value-.
The xinUins spell " surprising te some
' trnt because of the eomewiiat mera
hopeful aspect of the coal-strike situa situa
t.en evernlclit. as re-ult of President
ll.irdlns's summons of the coal opera
tors and the union chiefs. Seme effort
was mnde te bolster up the market by
t'.e blddlnc up of a few highly manipu
lative peel Issues of the General Asphalt
las. The market, however, was found
te he full of stocks- and for peme occult
n.iseu a Bend many apparently found 11
JoiiipuUery or convenient te lighten
heMlngs in the speculative favorites
particularly the petroleum shares,
i The croup was found te be In a vul-
nerible position as tlie shorts in
the whole petroleum division had taken
tlight In the wake of the Mexican 1'etro 1'etre
li'iim ercy. With the cessation of the
eeiering the group naturally lacked or er
titielal support and tmlted both renewed
1 ear selling and presit -taklnc. Mexican
I'etrnleum, after advanelnc -l points,
-e.n toil 11. Standard Oils of California
mil New Jersey were 1! te almost
in lnts lower. Lesses of 1 te -1 points
at the same time were sustained by
t'Vlfernia Petroleum. Producers and
Refiners. Associated Pacific and IIoux IIeux IIoux
'en. Pierce Oil preferred alke dropped
7 points.
Steels, meters and equipments moved
nf ut-eilly. while the feed specialties
'were distinctly heavy. The hie de
crease In Idle cars and the reported
heavy increase In loadings failed te
l.elp the rails The dl l-Ien as a whole
ippeared te be marking time pending
: the outcome of steps Innkiuc toward
the solution of cutient labor problems.
I
Commodity Markets
Tinman iijm!J '1!'-1? V " "ms? -
1 VALPARAISO
VINA DEL MAR E
8 Highway Improvement E
Guaranteed B
Sinking Fund Bends E
Price $13S pir 1000 Pesos B
te yield about 7 3s ' 5
pp.rt threusrh C
n iv-us te for- p
" ,B
en request.
Fairman & Company
Drexel Huildinp, Phila.
l'.st ilill.llp.I ioe
C ; i '.emJcit?
A. H. Bickmore & Ce.
Ill Broadway, New Yerk
GRAIN MARKET
Chicago. June 'JO. The crnin mar
kets were narrow at the opening today
ami. while steady in tone, seen de-
eloped weakness under bear pressure
anil scattered liquidation, lioed rains
in the Canadian Northwest improved
the spring wheat prospects, and thresh
ing returns from winter wheat States
were no were than they have been.
Outride trade was light and early
I sentiment considerably mixed.
Cern and eats were dull and easy
under scattered local sellinc and
fuu'ruble weather reports.
Dlv.
Jules In S
100
300
200
1100
200
603
100
100
m ioe
100
200
500
100
800
100
CO
200
300
100
100
500
300
1100
500
100
500
100
eoe
J 00
100
900
400
200
1400
200
203
3700
1500
500
4803
100
5300
103
300
200
200
400
300
103
100
6300
1503
400
203
400
200
103
400
100
3500
1000
100
100
100
100
1700
400
100
103
200
400
1000
3200
400
4030
103
600
400
100
703
700
10J
100
100
533
300
1030
1700
100
100
1800
Pesslblllt es r f
Increase of ( h .
mer aier.itr" nv
Circular V 1
Trevlnus 1
C1ee9 Open A M
fnrn
July H2 R2' T U? :i
s.pi. ii.-, i;ivtlt iv.n ivm
Dec . . 65S (.; i 6V1 Ort1!
eit
Jul-. ... i is', in w i in i h'i
.sept 1.14S 1 I'i'i fl l''i 1 l'S
Di-e 1 IS J. 11 (01. IT1 1 is
Oati
Ju y SH. 3i'. 5T 3i!S 3i'i
s. pt. . 30s an 9 aysj ans
Otr 4'iH 4JS 421!
July
Sept.
Sdlj
Lurd '
.Tulv
S7N
B rpt.
M
E
11 30
11 0
11 32
11 05
COTTON MARKET
Yerk. June 29. all
& i. -r rtrt i'nii (aa
T-.-JTrTT-nrrrriyTTfTf; , ew i one. June -"-"--"
and i ne truue uuuui iiih .n-i- "
the opening today, and prkes advanced
1U te 1(! points en first sales. Showery
eeiiditmns in parts of the belt added te
the feellns of firmness, but selling pres
sure from New Orleans and Liverpool
iheiked the rise and brought about re
.ii'tlmis of 10 points at the ei:d of the
lirst tiftem minutes.
V - I'es
I,, 'Jl i.J 'i ii.l
- i"..mi'"r . -i
i . tot er .
ii milwr
Januury
M.ireh
Muy .
BOUGHT, SOLD, QUOTED
American Rwjrs., Inc 7't 1940
American Rwys. 5's, 7'j'j, 8'i
Carbcndale Rwy. Gtn'l 5's 1933
Keyitene Power . 6l2'f 1952
Kentucky & West Virginia Pwr.7'j 1930
Scranton Rwyi. . 5", 1932
Wilmington Gai 5'j 1949
Huntingdon Valley Trust Ce.
lenkintewn Trust Ce.
Samuel McCreery& Ce.
ilcmbcri Vluln Sitrk Frt Imnge
Franklin Bank Building
STOCK UlKh
4 Air Heductlen 53
.. AJnx nubber UK
. . Alaska Geld Mines Vi
. . Alaska Juneau O M 1 V
4 Allied Chem & Dye 67 H
4 Alllg-Chnlmcrs .... 49 H
7 Allls-Chalmers pf . . 941'j
. . Am Acrlc Chem... 38 ft
4 Am Bank Note. ... 67
. . Am Uesch Magneto 38 Si
4 Am Br Shee & Kdy 60"A
. . Am Can 45
7 Am Can pf 104 Ji
12 Am Car & lMy 160
7 Am Car & l-My pf.121
Ue Odd I,elH 121 14
5 Am Kpress 132 V
. Am Illde & Leath pf 67 H
7 Am Ice I3(4
6 Am Ice pf 88
.. Am Internal Cerp.. 4114
.. Am Safety Razor.. 5J4
.. Am Ship & Cem... 1014
.. Am Smelt 50 &
7 Am Smelt pf 97 Y
3 Am Steel Foundries 36 !
.. Am Sucar Kef 78U
.. Am Sumatra 39 H
9 Am Tel & Tel 120U
7 Am Woolen 88
.. Anaconda Copper... 50
.. Asreta Benllzatlen. . IH
0 Asse Oil 113
G Atch Tep & San Fa 98 Vi
.. Atlan Blr & Atlantic 3
7 Atlantic Coast Llne102
.. Atlantic Fruit 3"
.. At! Gulf & W I S 8 38B
.. Austin Nichols 2654
7 Baldwin Locemotlvd 12U
7 Baldwin I.oce pf.. ..114
.. Baltimore & Ohie... 49M
4 Baltl & Ohie pf.... 6014
. . Barnsdall Class A.. 3514
. . Batepllas Mining:. . . Hi
B Bethlehem Steel.... 73 J4
E Beth Steel B 75
.. Brit Km Steel 2d pf 30 '4
. . Brown Shee 47 A
8 Brooklyn Edisen ... 1 06 ?4
.. Bklyn Rapid Transit 27 h
.. Bklyn RT ctfs of db 23 ?B
.. Bkln Union Gas rts 1 J4
8 Burns Bres 129
2 Burns Bres B. ... 43
.. Butte Cep & Zinc. 6?i
.. Butterick Ce 23
.. Cadde Cen O & R.. 11
6 California Packing. 77
.. California Petrel... 62
.. Cnl Zinc & Lead.. 7Ji
10 Canadian Pacific... 1 38
.. Case J I Plew 5J
. . Cerre-de-Pasco .... 35
.. Certaln-tecd Pred.. 50
6 Chandler Meters... 68
4 Chesapeake. & Ohie. 05
.. Chlcace & Alten.. 9?t
.. Chicago & Alten pf 17
. . Chi & K 111 (new) pf 53
.. Chicago & Llr West 8H
.. Chi Mil & St P 25 J4
.. Chi Mil .1 St P pf.. 41 Vj
5 Chi & Northwestern 74 ',4
.. CM R I & Pac 42 H
6 Chi R I & IMc C-0 Pf 78
. . Clille Copper 20 V
i Clev C.n Chi & S L 74
B Clev Cln C & S L, pf 91
,. Cluett-Peabody .... 53 ',4
4 Ceca Cela 66 Ji
6 Celum Gas & Elec. . 85 H
.. Celum Graphopheno 41
.. Cel Graphophene pt 16 H
6 Cemput Tab Rec... 61
.. Consel Cigar 30 Vi
1 Consolidated Gas... 115
.. Conael Textiles.... 12
.. Continental Can.... 65
6 Cent Insurance.... 81
4 Cern Products Rcf.1031,;
9200 2 Cesdcn & Ce 45J
1 00 E Cosden & Ce pf .... 95
. Crucible Steel 1
7 Crucible Steel pf... 91
, Cuban Am Sugar... 23 V
. Cuba Cane Sugar.. 154
. Cuba Cane Sugar pt 34
. Davisen Chem.cal.. 43 i
. Debeers C Mln Ltd. 21 U
6 Del Lack & West... 126
1 Deme Mines 29
8 Du Pent (K 1) Ce..129'i
6 Du Pent Ge dt.b pf 81
B Eabtman Kodak new 70 H
3 Elee Storage Bat. . 41
. Elk Hern Ceal 20Vj
6 Endlcott-Jehnson .. 78
. Erie UK
. Erie 1st pf 22
, Fairbanks t
8 Famous Players L 80 '
7 Fisher Bedy pf ...109
5 KUher Bedy of O pf 85 V2
,. Trtepert Texas.... s3U
. Gtneral Abphalt.... 67
B Gtneral Asphalt pf102l4
8 General Electric. ... 165 Vi
..General Meters.... 1 3 Ji
6 Gen Meters D 6 Te pf "
Lew
53
14H
1 .Ifl
P. M.
53
14-
'a
1'
67H
49
94V4-384-67
-3814-60
4514-
104
159 -
121
12114
132 -67
-
10314
88 -
41 14 J-
5Ji
1814-
58'4 - 58H-
9714 9714-
3b A
N'ct
Cure,
Itt
6714
484
9414
3814
67
3814
60
45 ls
104 Ji
158
121
121 V4
132
67
103J4
88
40 H
5Ji
IB
H
214
2
Vi
114
Op n
Jl 7.
1 V
Jl
. .. Jl .'iTi'.l Jl 71
jl :i7ti " Jt ''! 21 si
21 1'iTi ji 21 r. 21 is
. . 2t. m j'j'j 21 i"
20 si -" Us
Lehigh Valley Ceal
Sales
Southbound Railroad
5s, 1941
Me. Kan. & Texas Ry.
AH Bend Issues
Wm.C.Orton&Ce.
54 Wall St., N. Y. Tel. Hanover 9G90-9G97
.Ui.IarR$0e.
BANKERS
Ul Chestnut St.. PhiladelpfaU
Established 1837
Manbers New Yerk and Philadelphia
Stock Estbanzea
t
NEW YORK COFFEE MARKET
New erIi, June -' In rcspenn te
the peer cnbies from Rnt.il, the leeal
I 1 ffii' futures market opened at le-
I 'lines ei '.i te s points this mernlnc
l.upndiitien in Jul contracts sent tl.ar
portion down te IV 03. There Is se
little interest bhewn in oeffi-u that
e.wiitiiin of very smuiII erdeis easily
ntl II IH " til" tu lee treiul.
While various Interests claim fiat no
(I. eiiiineut hi'ldllU's nf coffee h.'lM. bi II 1
. 1.1 in fills lnitiket. talk of tli.it i-urt
' ,s wurki'il nciiin-i liichir alucs .11 d 1
tin! tu Ineie.ise lniuidntien.
In iiimmeiitiiii; upon thi phase of tie
-iruaiinn. a pieminent Meer tiader
1 mts 'e the fact t.i'it the former ai;rnt
if tiie p.riizlllnn fJevi-rnnient has tinted
t'.nt no e.iffei- has been sold for his in-
lest, bur tails te plaiu Lew the
1 Ifee whirh was r"ieed In t'ie Frent
neer brokers repiesi.ntins Li nnnestsl
lut Iti-eeinber, and then-tup' i.pposi.il i.ppesi.il
h t ir tlie I'nuillin 1J11vern.nl lit. lias
.ilpeaied in the hnuds of lee.il jobbing m i sren
I tit iii!. In the opinion ul t.ils Heur
hieker. this netlull has killed rel.tlileliee
md further clK'i ked pfi'iilatiw nil r-
' est.
Jrieus rose
3703
203
600
300
400
103
100
103
603
203
300
200
5J0
100
103
13 JO
100
100
433
103
200
540J
18100
200
100
2900
930
1400
233
103
100
; 24J3
103
200
100
100
533
14J3
530
800
730
100
100
100
100
1030
5030
6D0
330
1700
1JJ
18D0
833
703
100
1103
1103
530
900
200
700
r.n Met deb 7... 97
.. Glldden Ce 1414
.. Goedrich B F 39 U
.. Granby Mining ... 28
7 Great Northern pf 01
4 1 It Ner en ctfs . 3814
. . Gnene Can Copper. 30
. . Guantan.ime Sugar. 114
. . Gulf Mobile Si North 15
. . Gulf Statts Stetl... 76
.. Housten Oil 75
2 Hudsen M Car.... 21 U
.. Inspiration Cen Cep 39
.. Inter Cen Cerp '
. . Inter Agrlc pf 38 js
2 Internal Cem Eng.. 2Z
Int Great North wl 24 U
'i Int Harvester new.. 99 '4
Int Mer M.irlne... 18i
'e Int Mer Mar.ne pf. . 73
.. International Nickel ltjj
International Paper 46
.. InMnclbltf Oil Cerp. 15H
.. iron Products . 1 '4
. Islnnd OH 1
., Kansas & Gulf .... 4H
. Kan city Southern 4'a
4 Knn City Se pf 55 'a
. Ka 81 r Ce new .... 38 ' a
.. Ktlly-Spg Tire 47 H
.. Kcnnecett Copper.. 33 ',2
.. Ke stone T & ! ,5
.. Lackawanna Steel.. 73
. . l..ik.' Ei. i' ti West pf 62
36 U
78 Va
3914
120V4
68
5014
Pi
113
9814
3
102
3
37 ii
26 H
110
114
47
60 Vi
3514
Ui
73
74V4
30 U
4714
106
25'b
214
14
128
42 74
6?i
23
Idle
77
60
763
138
5Ji
35
50
68
65
9H
17
52H
8
2414
40 U
73 Ji
41 ',4
78 i
194
73
92
53V4
6614
65 H
41i
16H
61
3814
114H
1114
65
81
102H
44 i
95
71
91
2314
15&
3'. Vi
43 i
21U
126
29
127
804
70 !4
41 '
20 'a
78 V4
14 'a
12
18
79 U
109
85 '4
22 H
64 J4
10114
16514
134
6214
96
14
3914
23
CO V4
38 '4
29 Jl
114
15
74-4
734
21
39 li
114
38V4
2'H
24i'a
9912
18H
71 14
16
45!4
15
31(4
Js
414
24
55 14
37 V8
47
33 14
15B
72 14
62
Ji
,.i
lli
14
la
1
V
7814- 1
39 14 -
120'4
88 -50J4
-14-112
-99
54
3 -102
3
384 1 1 ?i
114
49
114
7314 75
30 14
4714 1064 -26
Ji
224
1i
T29
43 -
64
23
11
77
61 -
7H
138 -
5J's
35 50 -68H-65
9H-
17
52H
2514 1
40 14 H
74 '4
424
-73
92
5314
66 Ji -t5H-414
16J4
61 -3814
115
81 -
1 03 14 -454
-95
-
7314
91
2314
154
34
43 4 -
2114 -
126
29 -
12914
81
7014
41.
20 'a -78
Vt
1 4 14 -22
-104
80
109 -f
8514 --2Ji-65
Ji -
101 Yi -
16514
13JJ
14
97
14 -
DlV.
8&5t ln RTOCK High
200 2 Lee Jluhber 29Jfi
-122 3V" blgh Valley 63 H
' J. ma Ldramnl vi... 06
.. Loew's Ine 1314
7 Louisville & Nash.. 121 14
.. Mack Truck 51
' 'vre new 151
.. Mnlllnaen Ce 29 V4
.. Mnnati Sugar 4314
7 Mnnhat Kiev Guar. 46 4
2 Mnnhat Shirt 3614
.. Mnrland Oil 4314
,. Marlln Rockwell... 1614
2 Martin Parry 3114
.'. Math Alkali 42 Ji
.. Max Moter Class A 66
Max Moter Class B 23 14
12 Mexican Petroleum. 186
2 Miami Copper 2814
.20 Middle States Cerp. 13Ji
.. Mldvale Steel 32 M
.. Mln & st Leuis new 11
M St P & S St M.. 55
.. Me Kan & Tex (wl) 17
.. Me Kan & T (wl) pf 37
.. Missouri Pacific... 2114
aie rnclflc pf 52
700
200
930
200
3330
100
1103
400
5033
200
300
000
100
800
6200
100
23001
600
300
100
100
500
400
600
1200
7n2 ' Mo"tRemory Ward. 23
00 7 .-nt Cleak & Suit pf 80
; Nnt Kn & Stamp.. 50'
122 6 National Lead.... 94
400
300
200
6300
100
Nat R R of M 2d pf 5
Ncv Cen Cenner 1614
G X O Tex & Mex.... 67
6 N Y Central 954
E N" V C A Of T. 71 A
600 24 n-ew Verk Deck'.'.'.'. 38
. . rsew Yerk N 11 & II 28 Ji
2 New Yerk Ont & W 2514
7 Norfolk & Western. 106
B North American.... 62
3 North Amer pf.... 42 !4
6 Northern Pacific ... 76 14
. . Ohie Bedy & Blewer 10
14
1
"i
14
' 1 li
Yt
V
14
" Jt
Y
H
14
?i
s
2
2
li
14
"li
214
14
ii
li
" 94
4
la
1
Hi
114
li
14
'14
214
14
3
19s
14
14
114
14
la
3400
103
200
400
203
500
100
303
200
100
100
200
30300
17503
5000
403
1030
1003
200
500
2203
230
100
7600
600
6033
3000
303
100
Okla Pred & Ref.. 3
. Ont Silver Mining.. 7
. . Orpheum Circuit... 17
2 Owens Det Mach... 344
6 Pacific Devel Cerp. 64
3 Pacific Oil 56
6 Pan Amer Petrel.. 804
6 Pan Amer B 75
. . Panhandle 8
2 Pennsylvania R R. 42
. . Penn Seaboard Steel 9
B Peeples Gas Chicago 83
I'eeria a Eastern.. ZZ
. . Pere Marouetto
B Pere Murq pf . . . .
B Pere Marq pr pf.
2 Phillips Pet
3 Philadelphia Ce..
. . Plerce Oil
. . Plerce Oil pf 46
. . Pttts A W Va 3614
6 Pitts & W Va pf . . . 87 4
3114
69
76
48'
38
8
39 '4
28
81 -
38 "2 -f
2!Jb r-
II '4-
15 -
7514
74 -
21 U .
391-
114 .
-2414-9914-184-72
16K
4514 -15
-ii
J4 -1
4 14
24 -55
'4
37 14 -4714
33 14 -15H
73
62
103 14 per,d Creek Ceal... 22 J4
400 6 Pestum Cereal 78
26033 . . Producers & Ref. . . 46
300 8 Pullman Ce 118 14
703 .. Punta Alegre Sugar 47
6403 .. Punta S right Ji
7033 2 Pure Oil 30
103 8 Pure OH pf 9814
5333.41 Rand Mines 28 14
600 .. Ray Cen Copper. .. . 16(4
300 4 Reading 7414
200 2 Reading 1st pf.... 5114
200 2 Reading 2d pf 5114
103 .. Remington Typew.. 33 'a
700 .. Replegle Steel 2014
1030 .. Rcpub Iren & Steel. 7014
200 .. Rrp Iren & Steel pf 92 Ji
400 .. Reynolds Springs.. 4514
600 3 Reynolds Teb B.... 4514
300 .. Republic Meters.... 11
18335.20 Royal liitch N Y.. 581i
400 .. St Leuis San Fran.. 27 H
503 . . St Leuis Southwest 27
430 .. St L Southwest pf. 434
903 .. Seneca Copper 1314
43383 Shell Transport.... 4011
25330 .. Sinclair Consel 3114
1300 6 Southern Pacific... 88 Ji
1333 .. Southern Rail 23
300 .. Southern Rail pf . . 54
500 .. Splcer Mfg Ce.... 18
15633 4 Standard Oil of Cal10214
2403 B Standard Oil of N J 181
4:0 7 Stnnd Oil of N J pf 1 16
100 7 Steel Tube pf 79
500 2'i Sterling Products.. 51
14
14
i
H
li
14
114
' i
i
H
a
14
14
14
14
li
hi
Ji
1
114
100 a Stewart Warner Spd 42 Ji
100 .. Stromberg Carb.... 45
22100 7 Studehaker 1264
200 7 Studebaker pf 116
3500 .. Sub Beat Cerp 84
2600 .. Superior Oil Cerp.. 7
100 .. Sweets Ce of Amer 314
903 .. Tenn Cep & Chem.. 1014
15303 3 Texas Ce 464
300 4 Texas Gulf A Sulph 4614
700 .. Texas A: Pacific... 27
4330 1 Texas & Pac C & O 27
103 .. Third Ave 21
1300 C Tobacco Products.. 81
6103 .. Transcontinental Oil 14 J4
503 0 Pnlen Bag & Paper 62
630 .. Union Oil 204
103 10 Union Pacific 13014
100 4 Union Pacific pf 7b
103 7 Union Tank Car pf10614
400 .. United Drug 75
203 8 Unlttd Fruit 140
103 .. Unit Rwy Invest pf 2614
31 Jl .. United Retail Stores 66I4
500 .. U S C I P & Fdy... 28
120? .. U S Ind Alcohol... 53
100 . . P S Realty & Imp. 6514
1500 .. U S Rubber C3
5333 B U S Steel 984
333 7 U S Steel pf 12014
200 2 Utah Copper C24
303 .. Vanad urn Cerp.... 43
400 .. Vu-Car Chemical... 30(4
100 .. Va-C.ir Chemical pf C6
100 6 Va Iren coal & Coke, 49
100 .. Vlvadeu lnc 1214
1 03 . . Wabash 12
1433 .. Wabash pf A 29 Ji
103 .. Western Maryland. 1114
100 .. W Maryland 2d pf 19
200 .. Western Pacific... 19S
333 4 W.st hit E M 5914
100 4 Wist E & M 1st pf 69
43J .. Wheeling & L E.... 1314
2700 2 Whltd Eagle Oil.. 27 U
833 .. White Oil Cerp.... 74
1000 .. Whitu OH rts li
203 .. Wick Spine St Cerp 164
1403 .. Willys 0erlund.... OH
103 .. Willys Overland pt. 43 12
103 7 Werth Pump A.... 88
Kx-llMrr.d.
Lew
2914
63
1054
14H
12114
5014
154
284
4314
4514
36
424
1614
3014
42
66
22J4
180
28 14
1354
3294
11
55
17
364
2014
51 V
22J4
88
494
94
44
1614
6614
9314
7114
3614
27 H
2514
106M
61
4214
76
10
3
7
17
344
614
54
7814
7214
8
4174
04
83
22
30
684
76
4614
37 Ji
74
42
354
874
2214
774
4114
117H
464
94
29 Ji
9814
2814
16
74
5114
5114
3314
2014
6914
92
45
4514
104
57 Ji
26 li
27
4314
124
40 li
30 94
88
22J4
54
1796
99 !i
iee
116
79
519a
42 Ji
45H
12414
116
8
674
314
1014
45Ji
4594
26
2614
21
80
13J4
61
20 94
13814
76
10614
75-140
2614
65 94
20 9b
5214
6514
61 Ji
97 94
12014
62 94
43
29 Ji
C6
49
1214
12
2914
1114
19
1994
5914
69
1314
2714
794
14
164
bli
4314
88
1 :an Net
P. M. Crura.
2914- 194
6314 14
1054- IN
1494
12114 114
DROOPING PRICES
14
14
114
1
1
14
14
14
14
194
94
94
14
14
14
Fa
51
154
29
-36
-4314
1614
31 14
42 -66
2314
180 -2014
53
17
364
2114 51J4
22 Ji
88
494
94 -
5 f
1614 ..
66 14 - Vi
9594 2J4
7114
30
2874
-6194-4214
764
10
3
7 -17
-34
94-
614-54J4-79
-73
94
8 -41J4-
8Ji
83 22
3114t
09 -I-76
8 -
46 -3614
77 94-
42 94-11794-
47 -H-
3014
98 14
2814
16 -74
5114
5114
92 74
45 -4514
11
5814
27 94
27
43 94
1314
I4
86 J4
2294-
54 -
1794-
1C0 -
18014-
116 -
79 -5194-42
74
45 94-
12514
116
894
7
314
94
27 2694
21 -
80 -14
J4
61 -20
94-
13814
76 10614
75 -
140
94-2894-53
-
6514
62?4 .
-2974-t6
-r
49
1214
12 2914
1114 19 -
1994-
5914
69 -131-4
2714-
7 94
14
164
894
4314
80
IN LOCAL MARKET
Pennsy's May Net Increase of
$2,696,590 Despite Ceal
Strike
14
14
54
294
114
1
14
94
14
14
94
14
14
14
14
1
114
14
14
"l4
94
94
14
14
194
4
294
14
4
94
li
94
li
Fer the first time in a number of
weeks the lecnl market developed nn
unmlslnknble drooping tendency. This
could be partly nttrlbttted te the un
settled condition of the New Yerk
mnrkct. Alse te n general indisposition
te make new speculative commitments
pending the settlement of some of the
big problems new confronting the gen
crnl situation, nnd also partly as a
result of the adjustment Incidental te
the approaching holiday nnd the vaca
tion season. ,
There wns no. great amount of sell
ing, but the mnrkct, an a whole, was
soft and In a number of instances wns
found te be quite thin. In the ma
jority of the purely lecnl shares trad
ing was of small dimensions. In ethers
there wns plain liquidation, probably
representing ever extended speculated
accounts which may have been impaired
by tlie recent phulte-dewn en the big
benrd. As te the stocks having a dual
market here nnd New Yerk, of course,
the movement wns cntlrcliy lacking of
lecnl coloring, being merely an align
ment with the current quotation of
the big beard.
Among the local eliarcs the further
drop ln American Stores te 117 come
ln for the most attention, mnlnly be
cause of the recent stendlncss of the
stock in face of the reactionary currents
which linvp slowly been gathering force.
The record high price for the stock is
12494. reached a few weeks age, or
just prier te the dividend period, s-e
the dnv's quotation represented n drop
of G fro mthe top. lleth Philadel
phia Klectrlc issues sold lower, but re
trieved the less. P. It. T. dipped under
83 for the first time since the first week
of June. American Hallways common
nt the same time yielded te W2 en
light sales. Electric Storage Uattcry
continued te give ground, showing a
retreat nt today's price of 7 points from
the yenr's best price.
Pcntis.ilvnnlu linllrend remained one
of the firmest spots en tlie list. The
agreement reached by the ninnngement
with the men ever wages nnd ether
deputes continued n sustaining in
lluence. The stock wns nlse strength
ened by the favorable liny statement,
showing an Increase of $2,000,5110 in
the net operating income despite n de
crease in gross revenue of $1.18,012.
This brought the increase in the net
operating income for the live months of
the calendar year up te $24,080.00",
overcoming n decrease of $5,415,892 in
cress returns. Considering the coal
strike the exhibition for the month was
very gratifying indicating in a mere
convincing manner tliun ever the con
trol of the management ever the pre
vious burdensome operating costs.
NEW ISSUE
$150,000
Borough of Conshohocken
Montgomery County, Pennylvnla
4 Per Cent. Scheel District
Geld Bends
Dated July 1, 1922 Interest January 1 and July 1
Coupon Bend $1,000 each, with Provlaien for
Registration of Principal
Principal and Interest Payable at the Tradetmen's National
Bank, Comhehocken, Pennsylvania
Tax Free in Pennsylvania
Exempt Frem All Federal Income Taxes
Ne Certficate of Ownership in Collecting Interest Required
Legal Investment for Trust Fund in Pennsylvania
FINANCIAL STATEMENT
(as officially furnished)
Total Assessed Valuation (1922) $ 4,118,280
Actual Value (estimated) 13,000,000
Total Bended Debt (including this
issue) $240,000
Less Sinking Fund 19,985
Net Bended Debt (including this issue) 220,015
Ratie of Net Bended Debt te Assessed Valuation S.34 per cent.
Population (Census of 1910) 7,480
Population (Census of 1920) 8,481
Wc offer these bencte, if, when and as issued, and subject
te approval of legality by Messrs. Townsend, Elliett & Munson,
of Philadelphia.
MATURITIES
$18,000 due July 1, 1927 100.09 and interest
18,000 due July 1, 1932 101.63 and interest
22,000 due July 1, 1937 102.23 and interest
27,000 due July 1, 1942 102.72 and interest
34,000 due July 1, 1947 103.13 and interest
34,000 due July 1, 1951 103.39 and interest
Prices: Te Net 4.05 Per Cent.
Biddle&Henry Harrison. Smith & Ce.
104 Seuth Fifth St.
Philadelphia
121 Seuth Fifth St.
Philadelphia
The Information and statistics contained herein tiav been
obtained from source which we believe te be reliable,
1
14
114
14
I
14
14
'l4
14
1
Philadelphia Stocks
1:15
IJ. M.
N.t
chge.
HlKh Ixiw
515 Am Strs..llf 117 HSVi Vi
15 Am (Jus.. 00 00 00 ..
70 Am Kwys. lKVa 1.1 li 13H
10 uld I.OC.1W& 111 111 Vs
50tll & O... 48 Vs 48Vs 48..
50tr M & St
! pref.. 41j 41 Va 4iya-f-
50f de pref.. 41 Vi 41i 414 Os
KIKlec Ster. 41 41 41 Vi
70 (Jen Asph. 00 05 00
100 de pref.. 102 102 102
i,i '
' T
214
.15 In Ce X A .IS
10 I.eh Xnv.. 711
20t.Miilllnsen 28
GOtl'ae Oil.. 55
'JOtl'nn-AI'et 78
221 l'entin K It 42
77S l'hlla Klcc 20
285 de pref.. 20
110 l'hlla It T .1.1
H l'hlla Trnc 05
nOtl'ierce OH 8
50 Uadle Cor. 4s
lOOtHjl Dutch 58
175tSlnclnir... 11 Vi
lOTSitiidehkr.12.1
DOtTexn.s l'ae
V & ().. 20
lOOToue Miu. I'll
lOOtTraus Oil 14
100WnrI&S 11'.
5()tVill..s-Ov 8Vi
tNtt ihariKe mide by cnmi.arli.en Wth last
Fak un New Yerk Stock ENchanKe.
I'UII.AIir.l.l'lIIA 1IONI1S
5000 Liberty IVis '47 100.01
1000 Liberty 3d 44s '2S 100.01
2000 Liberty 4th 4V,s 'HR Ifwi
7000 Liberty 4th 4Ms 'US...
2000 Victory 4'-Hs "2:i
200 Amer Oils & Klectrlc fis
200 Amer Gas & Klectrlc 5s
0000 Klectrlc & Pee Tr 4s. . .
1000 l'ennsjlvnnln gen 4Vis.
1000 l'hlla Klectrlc 1st 5s....
100 l'hlla Klectrlc 1st Ss. ...
0000 l'hlla Klectrlc 5V.s
5000 l'hlla Klectric B'fis
5000 l'hlla Klectric (Is?
-17Vi
7.1
28
55
"8
41
20
20
12
05
8
4i
53
.11 Vx
125
20
1
14
nv.
8V4
IS
-:i ..
" tti J
55 IV. !
7S
ii
204
20 Vi
:!
05 . .
8 -
4j..
ns v
-ll V4
125 r-
20 Va
1..
14 V4
lVi..
Vi
100.18
100.45
8.)
07
1)1
01) ,
00 VI I
100 i
. !!
101'i
New Issue
$1,200,000
Newport News and Hampton
Railway Gas and Electric Company
Cumulative Convertible 7 Preferred Stock
Dicidcndt exempt from the Nermal Federal Income Tax
Application will be made te list this stock
en the New Yerk Stock Exchange.
We have a letter from Mr. J. N. Shannahan,
President of the Company, which sets out the
strength and safety of this issue, in full detail.
We have also prepared from official sources
some interesting monographs as follews:
Ne. 1 Division during 1921 of Net Income a care
ful analysis by departments Electric 56.6,
Railway 18, Gas 16.1, Ice 9.3.
Ne. 2 Strength and Stability of Earnings the item
ized statement of sound earnings for eight
years past. Net earnings 1921 four times
preferred stock dividend requirements.
Ne. 3 Relations between Employees and Company.
Ne. 4' A new, logical Way te handle Rate Cases.
Ne. 5 A very conservative method of handling
Depreciation, as protecting the owner.
Ne. 6 Replacement Valuation (Depreciated) equal
te $338 per share of Preferred Stock
Par Value tlOO per ihare
Price 93 and dividends yielding ever 7.50
If interested, write us for Circular N.N.C. and also
specify which Monographs Ne. 1, 2, etc.) you desire.
Jehn Nickerson, Jr.
61 Broadway
New Yerk City
314 North Broadway
St. Leula, Me.
114
MARKS TOUCH NEW LOW
RAILROAD EARNINGS
vr.T jiieuy ami m:.'.s!iiki:
l'j.'J li rojue R.rmnn r.,,prenr.v .it .27. AaalnSt
tl (IS I lixl", S .1 I ....-.. w-....-s -
N.'t llfUT tHX"
.. i ji- i ,n en."
1' ir ti jr.th" xrv
N. t Afir t..x. x
N-1 wr int 'iiw
Hi: Us
1 II J.'T
l iin THl
JT1.K I
1 U Jil
1 III. J It
i : 0'ij
lliT 7nl
i.'iO O'U
I i'i
pt. mb.r
r. i .Wr
M in a
Mi) .
1 .1
1 "1
li
II Ml
Oi n
Id ii.". 0".
II 'III c 'H
PENNSYLVANIA KAU.It"AU
. . $4(1 hit 4'i !.
Fewer Idle Cars
I'relEht cam Idle in th linen of
t'niiril Maim totaled 41'J.L'IJ en June 1
k ilrcro.ihe of S3 RSu compared ulth the 1
numbr i.nt In ime en June n, ureonllne te I A Jllcil Ulv
niiiiru Juut Ilkii with iri.' Amrlc.in Itn.ll- -.V1,0, I)lv
wiiy AnteiUtlen. Jf thu total 'JIIH.SH3 wir I ' 'her .
nirnlurt fnlu'ht tarn In ki Oil riu.ilr In excel-1 I "l '.'T l.xlensiun
t r lulrnmi'm Thla .ih it rc'ilu"tleii i.f
If, .Iji, tlihin ii eel( Jim remulnlns 173.
LOCAL MINING STOCKS
TONOl'AJl STOCKS
, . Did Aiiked
( nsh Hey or, .nil
.Inn llutler nil ,07
.MarN.imira ml ,07
('rem Hilt tl'l ,113
.rwwuy 11 ,13
.Mli'.ih Kxtunnlea 0 ,08
MnriMim OS .11
North Mar in .11
iii'-i j nuiii m . '.!
ITuneimh Uxter Hlen 1 IIJ4 1 7."i '
the u.e.t j:nd 01 win
iti luu u .ua
'i i'3ii ii
II 1,0 Jl
ii.'
French Bank Statement
May treiu .
Net alier t.ix"n
.NVt ulr. Iivnm"
riii m inths' uruss
Ni't after Hi'C'" .
Nt't epgr Income
Nermal of 23.8 Cents
New Yerlt. .1'ine 20. retelgn e
i linns'' fifines tills hi irnliii' show miirUs
nt tit. Ifivintt iininr ..ii f.ir reucheil.
i(t (if till' ether I.urmiemi exrllltlllte- 1,1, ...re tr, IKh, (..,, tn i,,,! (,r,iPr in Xcna
., Un shuweil hhiirti ilei line-., which llin-t "f 0 nnrrnal number mult for m-rvlce.
" I tl M i 11 . . i.i . ....,1 .1, i .surplus teul car telill lil.HJl', n decreas"
.:..:.,.... tun ers nttilliiite te t-iemilntleti mill the ',,,, Jutia H ut s0;i. hiia Humiim imx
inn - un s"i IIS SHJ ill xed liijlitii'iil ciiinllticiis ebtnllllllk' 111 r..iH Hiueunted tn ill In, a reduction of
Hi w- -s 'i 'ii "in r.r,.. 31IJl A decreHite of 4i,li earn .ih rcpertnl
I.-.','..,. .:.,,:,,- Mirept'. ,.,.,, 1" h number of bumuui. mliu mrit within
,l.',s, un. .it. ""I tjuotutieiis ncii'l SterllhU cuhlei h k, the total befiiK 11,10. 'fhere also
DIVIDi: STOCKS
001,
(ifili
Dl'J
ll ll' UJtl
i, ,3 ).i t
Before Investing
ecur li l -'' Sliced
In the aelectivn of sound tecurltlu.
V offer our eri ft te Individuals and
Imtltutlena lth funds te Irjteit.
CeMjtrvuf.t'e tiHirilnul
accounts (iit'ffcii,
McGLINN & CO.
Hrmbrrti .Yetc Yerk Vferfc Kxrhanga
Widcner llldi;., I'liilndclphia
m
TAX EXEMPT BONDS
YIELDING 6 14
V. W. MILLS & CO.
ttk KvrhunKv lildk-,, I'lilliulrliilila
1'nrU, Juti .' ' Th v.'kj t.tt. ment of
th. lur.k of I'r in h.,n 11 fi .ewinn
n ru.t In l"rin -i 'Je I tn hm! 1. r.i....
Ine nnii . r ti h..nd Ini r .mvil Ti ii'ii,
n. 1 s ln '" U1.1t n un risi- I 1 " ' 1 1 1110
ti Mur i n nil h II reu,t.d 14 tum 011
in l-pi.i H in - m 1 Ilis7s1.11 h.'ls
ll.inunt.il Uli- in-d III. I THl IH 0 lliKHut
lir,i'. I ill ."..'0 ''l fr un m lb I hhk a. I
uiinl t" 'b- -'it- .en nun 00 j trnnd
LIVESTOCK QUOTATIONS
ritclMirch. Jun. J'.' IC 11, s k. , . pt,,
L-'i'i hi .nt Jtnlur IIh.hIm. U I". f 11 je.
'i. nvj .in. I llBht url(ern, III :.' Si! 13 j.lcs
j 1 1 ff 1 1 '.'1
slICI'I' Iterelpt 300 lieid Steady
sn . i tee 1,1 a 1 iambs fl3 r.e
i' I VI- -i -Itecelpt". '.Me hii Steady.
Tep. 411 SO.
r..,t lIulTnle. N, V.. Junn 21 ( TTI.i:
It. . Hii.ia 1 J." b"ad Si. nd . inn r."
' ,tB l'"0 heal 1 leM-r .Mi II 10
IKifjS Hn.lMH 'J.lun ht- id l(iii M.-ady
in,i-,t(.l nHi IM111 Jll .".'.1 11 in
m.x.il $11 I'i'i 11.3'' serhera, llKht erl.era,
1 id iIk. til 31. reurht $'1, Htaun. I5WD
Slillki' AND LA.MHS lletelpla. UU
hi ad. Stead. urteharitfed.
MICHIGAN CLNTltAL
Miy ktesj .
Net ip'r Incemn
i' e m ntha irre.n.
Nil eir lntemn
Jil.T-10 us t
1 733 117
30.. '1.1 U.'l
3 .1.17. T73
CANADIAN l'A Ir'IC
Mai (-rji.a . 13 Ml 13
N.t f 1. r epfea's J. ll I ill
IMi n.enthV ureita CI". I 1.0JO
Nil .iftir ixpensua 7 4el,,37
il SS
7.'l nnj
OiiO '.Ul
'.' hi.mii
JJJT 700
mu tm
7 lu 1 let
'.d'J.'l.bSO
m.ih a ilixrcaue of lis m the nuiuLur of
HOCK cara, tlie mini lelnx U'.IIUU,
KT I.el'LS sDfTinVU.sTKI'.N &YbTi:M
Jt list 1171
lu'i 3.'1
-1 1 H . 1 1 J
IJII.33A
tl T03.D4I
1 J'i'i III J
1 1. ll I 310
IM'i "i!3
Js est
silll
:n lO'.l
a; 01 1
.'.17. (M4
71 sj
3!) 1H3
10 SD'.I
Mnv Kreaa .
.SVt nftr taviiji
Tetll. IKUII10
Surp.ua after tharsm
I'll., months' rns
N"t aftir tuf
Total inreme
urplua uft r eharrtHs
MlriSUUm. KAN.sArf AND TUXAS LINKS
May urem .. Jl .i'.w inn -..ii inn
llalar.'-s after taxes. l.lMn.lJS
lla.ance 1.1 J3 HM)
rirt muntha' KreH . o7.'J.le.l
UalancM uftt-r taxea . 3 01.'.K7H 2.UI.I 3.1
HaUnCe 4.4113.700 2,2110,774
IIOCIC ISLAND LINKS
weie -J.rtD'i, ileiiimiil -L.tifsi iniin:
milieu iS.Ul'.j, t'heeks fM)i ; UcIkIiiIi
imIjIms ".DO, clinks 7.M); llm culiles
l.iW, iheuks -l.ti-'t'iJ Swiss flibls
Isllll, iheiUs ISi.'.K); Iieselll cables
l.".."i2. cheelis ITi.TiU : Iunlr-li nib!
21.;i."i. checks
K1.2U. cheelib lti 1
2.".(i(). check!) 25. 5,"
.!s Ji, cliecKs .lSi.; niiU's ,i. dutieii prevukd for in' riiaslnu the capital
Thu Kite of liieilllillll 111 Montreal te- link nt the 'Inbarce I'ledULta ( nrpei ,11'en
1... ... v..... V.,,-1 (n,U win "1 ncr f'-'i " maximum amount of IS.'I.ijOh.iioe te
day en .cv leiU iiiliils was 'N iir , ft IBXlraum Kmeunt of l37.334,oue. the
cent. The rilte (if discount oil ( ennillOIl 1 nnw nteik tu be cemimanl of Clma "A ' and
t'nn.U lii Ven. Yink uns " 1-1(1 ner ' "", 'rdlmry common aharea. Claaa "A"
tlllUlS II) .MW KI1K "IIS - J 1 I'sl M,)Ck wl b0 )IU en a 7 .r Lenl ,M1(ll( lm.
cent. incdtdlrly Jteldera of rtetall Stores hteclt
There uns a heiny tone Ir, the (n- m- .x.h.nw one Matoef talyUKj. ;r
tral I.uriiiMii cu nances today, tiieei! A - r,er ccnt iWt u,i en(..hn( lllre
in niirtlclllar leciirillll!.' ll bit! (lri)ll. et the lommen ateik Tulmciti 1'reducta
Tobacco Merger Ratified
New Yerk, June 2t Stockholders of tha
luoai.ie rieiluitu Coriruilen jeaterday for-
21 ..'10 J Norway cables mally ratllled the plan te morne with the
Swedish calih'h 1 niteu retail nierea i orperittion, wnun uy
L'uliiler cublcH 'nrIt ownership controls the United Cigar
Dcereaae
V -
.Vi
I- .'. lKla need uf 8S30O for a few
H'Vh aMr Mil1 .'neil atrlct InTtatlsa-
aWiaW ljaaL. 1'- VrtSE j
U.S. Certificates and Treasury Notes '.May ereaa . ..
Wiwt ww. w ... 7A- taw
Hid Aaked Vlel.1 lT. ",'"' '-"-.
.100 S.3a Hill 7-J2 3.00 X0'"1 i'in.h.' crnas
100 T 32 100 11 32 3 12 ' 1 m?tn.,rh taie?
inn. toil T in ! 1'. Nit. alter IftXi
1(111 100 3.32 a lii T"'?.1 .""
IOO 100 1.1,1 3 33 '
10(1 7-1 II 100 17 32 3 31
1 10 13 32 IOO 17-32 3 17
101 100V1 3 11(1
.103 103Vii 4 00
.102 13.10 102 13-10 4.10
:;...' '.,, ,a,k' . ..
.11.1, ,,iUlTl
1P23.,.100K
V I'
34 Auk .
tlj Sept
V Sept ,
3H (Jet
t'3'j D.-i ,
,ii Dee,
l4l Mar,
S"i June,
Y.l; June,
3Vi Sept..
flS "''r'
r
Y'ear
10 2.'
IP-'.'
11122
11122
11IJ2
111'.".'
11123
102.1
11)24
1U.H.
$10,011 3S J7.17 tlOil
I 2s3 (Id3 131 101
1 3311 320 130,773
47.3111 713 0 Oil.'. 324
4 lllll 87(1 130.0X3
4.875 DO.' !)(, hSIl
( Inntfitli.lii. (III. n. .'til'! HlMlllllllllll
T'e'174 I .01 ;h i uiilKiirlun .T!l; Serbian 1.27;
t.70u. 1.37 1 (V.fcho-Slevukiiin l.DlVf .luse-Sluv-
luu ,.'U!h; Finiii-h 2.25; l'ellsh .022;
AuBtrlan .0050; llunsurian .010 Vi.
YKSTUnUAY'S CLOSINQ yCOTATIONS
Sterllnir 1'i.inea Lire Uulldera
Demand .. 4.311 8 3HW t tlOVi 3N.30
Cablei .. ... 4.4UV, & 37 4.07 38.35
TODAY'S OI'KNINO QUOTATIONS.
Demand . 4.3HHi h,30i'i 4,1131 31 2?
i auien
Dee,
lOlti
10CI
t4aW Mar'.. lt2n...lC 10SU 4.14
i nait (row Fedral! normal IncemeWM.
i
4.14
4.14
MONEY-LENDING RATES
HVW 10KK Meney en call both claaaea
of collateral, opened today at 4H per cent
for lending- and renewing-.
FHILAnEIWHIA Call. 4H te B per ent
k.4.(0-4W PrjWUliPVirnraTOIlll Bpr,
beliU'ra .nav excltliliue all thflr nlil 'I'.i.
baice I'reduc-ta ateck for all new I'laaa "A"
Hm ii or may ihoeao a half und half ar.
ranjvment.
I 3ti'i h 3lVa 4 111
3S.27
Coffee Exchange Closed Monday
xr.. Vnrb. .Tunn 'JO. ClovernerH of the
New Yerlt Coffee and Hunar nxrhnnare voted
ClOSO tna excninaa .uenuay, juijr a,
AR SILVER
Jlvrr WM-ttBchawd n Xgafaa K.j
Raw Sugar Market Quiet
New Yerk. June 20. The raw sugar mar
ket continued quiet and unchnnt'id with
Cuba for June flh'pment quoted at 3'i c.
mat and freight, and for July shipment at
3 a.Hlc. coat and frelcht. There wcre no
mil" reported yesterday. Cables from
Kurope rt celled In the trade late yeattrday
confirmed the sale of another cargo of Jaui
browns at 17s 4V$d, e, I, f. United Kins
dem. Tills Is an advance of 3d from the hint
sale of similar sugar te that market. Im
portations yesterday Included 23,300 bags
Cuba te the Federal Sugar Refln'ns; Coin-
?anv, 33,000 bags te the Wai-air Company!
000 bua-a te the Natilenal. 20l bags te tha
American, ami 8200 bags te AMJuelua Breth
ers, int local rennea mirmaif Jm dui
u .,r
pi'iSe-''ili.tiil2ff!sdS'I
.01
.01
.G4
.13
.02
.02
,00'i
.03
.0)
.O'l'l
.11(1 lj
.s'.'
.02
.01
.02
.10
llreuith Dlildi
iMMd" Kxti nblim , . .
Dlv Cen
DIM'i. r.d
Cant Dlv
It'irmlll
Knox
stlu r Klnar
Suthmland
Tiinui ah Dhld.. . . . .
Tnnepah lllmlireuck
Vl(..r Dlv
Verdi Di
'Am i
(JOt.DKlKLD STOCKS
Ilnelh 02
Cnmb 1 r te 1)1
f nn Iteijmk 03
Dlam II 11
I'lerimv 13
riiildivd Cen 0.1
(Iiil'l D"V 12
(leldlbl'l Hi-.' 01
(lre.it llm.l
Jumbo i:u 01
KiiumiH 02
l.nn.i Star 04
Ore
Hid Hills 01 !
Hllur I'lek 1(1
Spearhead 01
MICCIH.LANKOIIS
HO
1 1
Amparo .... .
Ariz United ...
Caledonia . . ..
Candelarla.
Ilmina Sller
Kureka Citiesua
Kurcka Helly . .
Heil i
Marah . . ...
Mether I.eda ...
st.iv HIHh
Nev Wendir ..
Kutreba
Varnpa Mln ....
Volcano
White Caps ....
Wllbcrt .
. .00
. .32
. .liO'i
. .30
. .S7'i
. 3 S7H
. .IS
.12 UO
, .01
, .2.1
. .Hi
, .12
. .41
. .117
. .02
.01
.112
.02
.01
.00
.17
.0.1
.01
.01
.0.1
.0.1
111
.01
1.1
.01
.02
.01
.11
e.t
.02
.0)
.01
.1.1
.07
04
.02
.01
.01
01
.01
.01
.eaij,
1.00
.10
,os
..'II
01
.32
1.00
0.12W
20
14.00
112
.2S
.10
.1.1
.IH
,0'l
.04
MH Total Bends Called In June
Highest In Years
Payments in advance off maturity reflect
refunding operations at lower rates
Bends paid in advance of maturity in
June, 1922 $28,282,000
May, 1922 $26,095,400
June, 1921 $4,513,300
The long term, but callable, high coupon bends which
have been put out during the past few years are
being called and refunded at lower rates.
Helders of bends selling at or near the call price
should exchange their holdings for long term dis
count bends without option of prier payment unless
at a substantial premium.
In the opinion of counsel, the present Income Tax
Law will permit reinvestments through an exchange
of securities without the profit becoming subject te
present income taxes.
Reinvestment suggestions in Government, Mu
nicipal, Railroad, Public Utility and Industrial bends
may be had upon request.
Harrison. Smith & Ce.
INVESTMENT SECURITIES
121 SOUTH 5TH STREET
PHILADELPHIA
LOMBARD 6100
Take "Peeping Tem" te Hospital
Godfrey Hall, Negro, the 'TeciiIiir
Tem" of Glaonbero, N. J., nnd Swedes-
bere. N. J.i who w cant'-M last
MeBW by rhU employer. Y'Zim'niX'h
af,Gl
J.ffjenU
pa
Alan A. Alexander & Ce.
Stocks quid Bends
Colonial Trust Wdg., Phila.
.MMyrar ci
v?
Mr of 0
r t'-vsau
i"Wa,u, Mark.!
"wwa-"' V,
ISAAC STARR, JR., &
United State Govern
Securities bought
at prevailing market P
i.
CO.
nitat,
sol-