WwmW m I -Tt.r.ri. it ...-. "- -... ; vv.l.'-.HVv I natitti? niii'.'uikfir ii V i d" vnvn. ynmnnn i $ j ? wiri'i t ' V T fc, &',3r,mprciien In Continental Ex- ttier Nervousness 'jljj Mm, JuijriUt nervousness wns LpKd in securities en "the stecic ex ex iMiie teilny, been u no pf Ibe deprccla 'Him In continental exchange rates.-Sell-lac hv the Hen (In cm wenkcncil oil hares, but clmiigeK were nnrrew. Heyul Dutch' wnx WiV. Hhcll Transport and ! , , , -. -; - 7 iV-. - - ' ' ' . n -; .X.Vi -V!f L f mere consistently ipl6ye4 thhn M ., i , , , M.;t i r1 ' II ... .--- .. tl tnPI WT. ! s 1 . T '. " . .1 shsjshshm-a II 1 I ' '" Jl- . IV ' " I1 I ' 'mmmmr II NEW YORK BOND TRANSACTIONS Trading, 4, mid Mexican Eagle. 4Vs. Heme Hills lucked Htcadliiens, wltn n disposition te wait for lialf-ycnrly divi dend announcement. Dellar descriptions were quiet around previous levels. Argentine mils were arm and the feeling was cenlidcnt en dividend forecasts. French leans failed te rally and there wns caution In the making of commitments In this group because of the unfavorable position of continental exchange, (tllt-edgcd In vestment issues were dull and easy. Kaffirs wnverrd and operators were busy with the carry-ever. Adjust ments made hulnstrlnlx Irregular. Hud- aH'.. ll... ....... II 1U.il If.iKK.iKtt nrt it: mull B .Dil.t tmj if xi-Ai. imuuviii ., !JJ aeft in (Sympathy with the crude article. Investment Securities MACKiE, CROUSE CO. REAL KSTATK. TR. 111,1X1.. 1IIII.A. Illsh 102.80 100.20 ioe.no no.ie ino.ie ok. mi 101. -.4 100.40 100.22 102.011 1 no. HI me, se 100.111 wn.sn 100.52 loe. ns 100.00 Hnc Since Date et Imua nf ilny 22, July s. July S, June SO, July 8. Msy 22, June 22. June in, June 20. Oct, 4, July S. July s, July s, July s, July n, Mar. 20, April S, '18 '22 '22 '22 '23 '22 ii2 '22 '22 '10 '22 22 22 22 Lew Sfl.00 80.14 S3. 00 SS.SI) SI, 40 si. no oe.oo S4.ne S4.00 SI, 40 s.i.sn s.vae S2.44 S2.ne S2.44 04.70 04.08 n,ttft June 2, July 11. May 10. May in. May 20, May 20, June 4, .May 21. July 30. May 20, Dec. 28, llec. 20. May 10, May 20. May 20, Mav 20. May 21, LIBERTY BONDS AND VICTOBY NOTES Liberty aW. 1031-47.. Liberty 8tt, refletered Liberty laticv 4 1082.47. Liberty 1st cv 4e renletered Liberty 2tl 4. 1027-42 Liberty 21 .rglitera.j. ! Liberty let 2d cy ,414 . 1082-47... Liberty let ev 4W. 1032-47...... Liberty let cv 4U reslatered.... Liberty 2d cv 4Hs, 1027-42. Liberty 2d cv,4Ui reslitered Liberty 3d 4Hi, 1028..... Liberty 3d 4Hs, reletered...... Liberty 4th 4Hs. 1988-38. Liberty 4Hi 4W. realetered Victory 4i s, 1022-23 Victory 4Hs. reilitered Range, '22 HlKh IOW '20 100.03 04.84 '21 100.20 04.82 '20 100.80 .BS.70 20 00.70 '07.80 '20 100.10 0.1. SO '21 00.70 OS.SO '20 101.84 08.00 '20 100.40 06.00 '20 100.22 05.80 '20 100.24 04.1S '20 I no. in e.vns 20 10II.8O 00.74 '20 100.10 04.72 '20 100.80 O.VWl '20 100,82 08.70 '20 10O.0S me.02 20 100.00 04.84 High 100.84 ....I. 90.0S 1.0 er 100.84 100.32 100,22 A. M. , 100.34 16632 KN1 chge. . . . .. ..... ..... . . ..... 100.18 100.04 1C0.30 100.14 100.04 100.20 100.14 .100.04 100.28 100.80 100.SO 100.80 'PALER 11 110001 J-ORIUdS IIOMIS FINANCIAL ((. TO T1IK HOI.UKRS OF 5 Collateral Trust Sinking Fund Geld Bends of THE SYRACUSE LIGHT & POWER CO. 1)1 1". JULY 1, 10S4 THU KQUITADLK TUUiiT COMPANY OP NEW YOllK. as eucceeeer In the THUST COMPANY OK AMHHICA, Trmtee. under the Deed of Trust et the Sjrncua I.laht A Pniv.p fpmnnnv. rl.ltd Anrll 10. 1007. hereby Invitee proposals for the e.ile te It of , as many bends secured thereby as will e-haut t'.ie sum of Nlnet.v-Nln Thousand I Tlve Hundred and Keenty-twe Dellsrs and Fifty Cents (lim.."i"2 BO). In nicurdance with Ibe Sinking 1'unJ tirevlilur.s of the said Deed of Trust. Healed tirepusnls will he ejiened at the erfice of the undersigned, Ne 37 Wall Htieet. New Yerk Cltv, at tmhe e'diirk neon, en Jnly 17. 1021, and should be endorsed. "Proposals te th .Slnklnc Kund of the Hyra eue Usht Power Ce." rropesnls sieuM t addressed te the Trust Department. The rlcnt Is rccred te reject any and all pronesals. PrnpnsaN of bidders unknown te the Trustee must be accompanied by satisfactory rferenre. THE KQUTTATlt.r: TRUST COMPANY OF" NHW YORK. Trustee. Ry LYMAN nHOAnUfl Vice-President. Dated. New Yerk. N. Y. July 0. 1022. TO U(lt.Di:itS OF STAMlAKirTANKTrAB COMPANY. KQIIP.MENT XOTK TBf.sT rKKTlFICATLS! Standard Tank rar Cempmy. and Fidelity Trust Cnmpanv, Trustee under Deed of Trust of Standard Tan Car Company, dated Jliiv 1. 1020. hereby itlve notice that, In accord ance with the previsions of the slid Deed of Trust, the Certificates issued thereunder and enumerated below. ".iae been called for redemption and payment en August I. 1922. t 10ic, of the face valut. thereof and accrued dividends te the date of such redemption. The holders of the said Certificates are hereby notified te prent ttiem for payment, together with all dividend warrants thereto appertalnlnc maturing en and after said redemption date, at the oltlce of the Trustee. ?25 .9.h!:!,,nut street. Philadelphia, en August 1. 1022, from and after which djte the dividends thereon shall cease. The certificates called for redemption are: Ctfs. Nes 02)1 (120 O.'IS. 1I3H II (0. tU.t, 9be. ess, nr.7. nne. 002. ei3 .nns. 071, 07s. P.O. nse due November 1. 1022 SSLt"i,J002;-lnnn- 012. ion. leis. ie:s. 1029. lO.in. 103S. due Tebruary 1. 1023. ,Si':hZ- W1' m:', ,f)4,!, tot", ier.3. JS2?' 155 in5" I""7- 17I. 1074. 107(1. 1923' S 1( " I"n1, ,,",S Aan Uy X' -..STAND WD TANK CAR COMPANT FIDELITY TRUST COMPANY. Trustee m...... i ... WM- p- QI-ST. Presldent. Philadelphia. July 10th. 1022. Arc Rtp'e 7i 2.... 100 2.... 100 2.. . 100 1.... 100 '.4 1 ... 100 Chinese Oeve't H-K niy 8s 2 .... 34T 1 . .. B4'4 City Heme ss 3 . 110'i 4 . 110 City Rerd'x Os 1 ..82 Cty Chrla'a Ss 8 . . lOOH 1. ,. 100 4 . 1001, City of Copen. hagen ."'4 s 4 .. . em 1 0li 3 .... 01 H 3. ... ni'i 2 ... Dlh City Lyens Os 10. . . 82U City Mars' s Ss 3. . . 82ii Cty Rie da Ju- nerle bfl 11 1 tee 100 100 1, 100 10014 100 10014 1001 Tl.-I,E "'-EKS OF THK FIRST iKUC'T ,.Vr.,rnt W11-1''"' Fund lield IlnndH of Central New Yerk (ins and Klee trle Cempany: Netice Is hereby given that Philadelphia Trust Company, Trustee under the Mortgage or Deed of Trust of the Central New Yerk ?n,. anU Electric Cnmpnnv, dated March 13. ?iil.MCS.r"!? hpJP'"t lertgage S per cent Inking Fund Geld Hends of the s-ld Cem. pany, hae the sum of J0382 .17 te be applied ... w..'me fc v,,u ,,,,riiiif runu under te Cty Rie de Ja- nerle Ss wl 1 .. ion i 3 . 100 Cty Sae Paule Ss wl t Canada '20 .-,.. .. 09U D Canada '20 1.... 101 D Canada '81 3 10. ... 8.. .. 12 8 1 De Can ' 33. n(s'aVe) 23 . . 1 2. ... 1 Dutch 3 47 rets 1. . . 1... . 1 7(sale) 1.. .. 1.. . 8 41.. .. Dutch 8 rcta "02 1. . no HSU 118 H 08".; 03 . 98 82 wl 014 08 08 H OSS 08H 08i Ind'a 03 03 p.-.ii ens 03', os i or.', Ind's 1. Ti 3 1 City sons 1. 1 3 .. 1014 .. 10IS .. 101, . lets .. 101 H of Hels. Os . 81 . 81 i . hit, . hi', 81' .1 . SI 2 ... Rl 3. ... SOtj City Zurich s. .". ... HO'4 i net, Crecho-Slevak Rep's 8s wl 10. 3. 1. 1. 1. 3 1(1. 1. riev R 3. 8 110.. 7(eale) 7.1 . . . 73 . 12.. 100 .. .1 . . 3 3.. . 1 . 3 S.. . 4 .. 1 24 . . R 3 7(snle) 1 I Krale) 31 1 ns, nss, 034 n :.i, 03 tj nss nr,4 0S4 n,-, HSlj II.V4 Cen m the pretslnns of Article Third, Section K, of ,, .iui ihiiKc, tviiii iii.ii seaicu Droeosala Will be .received at I'l.llttdelphli, TrSst Cem. nn.v. Rread and Chestnut Street. Philadel phia Jin te .1 o'clock P. M.. en Julv 31. 1923, for the sale te said Trustee, at the lowest prices, net exceeding 103 per cent of the par value thereof, with accrued Interest. t which said bends nhall be offered for de. livery en August 7. 1022 of a sufficient number of the said bends te exhaust the aid sum of t03H2.S7. All proposals should b sealed and Indorsed "Proposals te the Sinking Fund of Central New Yerk Ons and Ulec'rlc Company." and should designate the denominations of bendH The right Is reserved te reject any and 111 proposals PHILADELPHIA TRUST COMPANY 13y J. CALVIN WALLACK. Treasurer. Dated, Philadelphia. July 10. 1922. Te the Helders of WILLIAMSON ELECTRIC COMPANY First Mortgage Celd Ilends NOTICE Netice Is hereby given as provided In Article 0, et the Mortgage of the Williamson Electric Company. Williamson, West Vlr- tnla. te the Colonial Trust Company, dated larch 1st. 1020. that proposals will be receded bv f.,e undersigned at Its office, Market and Thirteenth street. Philadelphia, Pa.. 10 o'clock A. M ISattiribi, July 13th. 1922. for the sale te It, ns Trustee, at the lowest price at which such bends siall be offered, net exceeding 103 and accrued Inter est, of sufficient of the above bends te ex haust the sum of J3200. Interest en bends accepted will cease en September 1st. 1022. Proposal should be sealed and Indersed: "Offers of Williamson Electric Company Bends for the Kinking Fund." and addressed te the Trust Department. The Trustee reserves ttie right te reject all offers In whole or in ptrt. COLONIAL TRUST COMPANY. TRUSTEE Dy F. C. RVKS. Treasure Proposals DEl'AHTM F.NT OF l'l lll.lc ' HATKri DIRECTOR'S OFFICF. Phlla . July 7. idI'J Bealed Proposals will be receded at this office. Roem 213. City Hall, until n e'rlnek SSJn Wednesday. July 10 1922 (daylight, avlnc time) for the follewing1 ""' RUREAU OF POLICE Fer furnishing and delivering 800O feet S pair Ne 14 eaue. rubber and lead cohered Cables, te i,i ujfi (n connection wlt'i the Installation of siunai Devices en Trnllle Tjwe-s Specifications te De naa at iiuuni .u. uiy nan The Director res(res the right te rel-t 1 any or nil ems or jinrtH or bids, i, may b I deemed best for the Interest of the City V J AMDS T. CORTELYOlj Hirer t e r Denmark ct A 8a 1 . . 100 Dept Seine 7s 7 . . . nm; 2 .. 110 H S(sale) net, 2. ... no . .. no '4 nil', .. no'. . . no . .. 110'i . .. no . . . sn; . . . 89 st . . son . . . Rf '4 . . . 804 . .. 80 14 . .. SO . .. 80 . .. R94 . .. sm . .. R0 ... M Ilep'c .! . . . 04 s, 1 1 , 10 3., 1., .1. 0. 1. 3. 1. 8. 1. O 5! 6. 1. 0. 3. Dem 1. 03 U . .. 03 . . n3't . . . ns .. 1131. . .. 03 . . . OR . . . 03 ... 031, Trench 4s rets . 100 ion 100 101 100 100 100 n'4 100 nn no 4 nn no 1, net nit', en', en 09 I i en nn en no ns; no 01 n n n nsi, IIS I, 08H ns ns ns u ns ns os os 0714 0714 n, '4 Oeve't F R Ri lr.innt) 1014 1.'. . .. 10. . in .. 13 .. 1... 1... 3... 3... fl... 1 .. 3 . 3. . 1... ll. . 10... 01... 3.. 10... 2.. . 3. 1 11. ., 82! 32 23 1. 3. 3. 3. 10114 101'4 1014 1011 1014, IU1 100' 100 i 100'i 100 100 1004 Jap Ceie't 1st 1 024 Jap Oeve't 2d 2 02, K Rclgm 74s 2.. . 100 1.. . in;,i 7 . . . ins 2 . 1 os K Belgium 8 8.... 1044 2.... 104 Kingdom Den mark ct As 1... 084 2 0N, 8.. . 08H 7(sale) 08S 10.... 1004 Kingdom Den mark ct 8s 8.... 1104 10.... 1104 1.... 1104 24.... UO'i K of Nether lands Os 3.. .. O(sale) 1 0. ... 1 10 3 n... . .1 10 8. 83.. 10.. 20.. 1.. 10. 004 004 904 9114 mis nfls, 0'1 117 0(14 nn4 no 4 n7 nrv, 07 074 10 rarls-Lvens M os wl 1 78 1 7S 3 78 B .... 78 2.... 77i 11... 7H 10 7s 17.. .. 78 Prague ct 7 4s 10 .. . Ss Queen'd 0s wl 1 1014 Qucensl'd Lxt Lean 7s 2. .. 1084 Republic Rell- via 8a wl 2 let 0 ... 101 Rep Chile '2 101 Rep Chile '41 2 102 4 1034 Rep Chile "4rt 1 . 1024 Kealn) 1034 Repub'c Uru guay Ss 3.. 104 4 Se Perte 11 S 7a rets 1 . 98 Slate Rie It e Du Sel 8s 1 1004 Slate of Sae r.tule ct Ss 1.. 101 Swltz'd Cen 8s 2. 11R4 3 . 118'; U It Ort Rrlt Id 1022 r, . ins 7(sale) 10S U K Ort Urlt & Id 1020 8 .. 10S 17 . ins-, 7. .. in4 U If Ort llrlt & Id 1037 2 104 10 1034 U S Bra 7s wl nil 4 nil mi en n4 "0s 8.,.. 10O 20.... 100 2.... 100 III Cen 4s '32 0 824 III Cen 4s '33 fl 824 B 82 1 81 Ilia Ct'l S4 1.... 1014 III C St L i N Or Jt D Ss 23 934 I Cetrnl Caire linage 4s 4 8(1 Indl'a Steel 8a 1.... 10074 1.... 101 Info Met 4 4s 43 44 4 45 T fd 88 a. 08 08 OS Intb'e n 1. 8. 10. 10. Intbo'e Rap T 7a wl 7 944 s 044 1 044 1 04 11 .. 014 tnter'l A Orcat N'n aj wl B. ... 32 10.. .. B2 1 ... SI 4 I 31 Marine 0s 8 904 1 . nes t . . nns 1 ... 90S Intl Merchant Marine (14 s 10 . . 100 lnt'1 Pap a Bs 1 80; In'l Pap l As 1 .. . SO 1 . .. RflS 1 . . 804 Intlnclbln Oil Cerp 8s 1 ... 974 Iowa Cent'l 4s B. . . 43 2 . 444 Iowa Cent'l Ss 4.. .79 Kan C & S 3s 1 . .. 72 1 . 72 Kan O 1 ft S Ss 80S 1. 1. 1.. 1.. V H Ilrazll Ss 4.. 10 1. B 1. 10 . 1024 102 102, 102 1(I2, in2 4 103 Kelly Sprlng'd Tire 8s 1 . . 1084 1.. 10R4 2... 10S 7(sale) 10S Lack Steel '23 4 ... 004 Lack Steel '30 It ... 89 3 .. . 80 Laclede Gas C St 0 Gs I .... 01 L & Myers Ss 3 ... OrtS 1.. . 074 L A Myers 7s 1. .. ll.-.i, Lerltlard c 7" 3... 113-4 Le a Ark's Ss 1.. . S84 Leuis . Nash ville B4s 1. . 1034 Man Elev'd 4s S 004 Market St Rly 8 Frsn 1st ft 87 ft 88 Mid 8 A Or Si 1 80 Mln A St L 4s 1 484 1 404 Hsale) 47 M HIP A R Ste Marie alt 4s 1 974 M SIP A 8 Mte Marie 04s 1.... 1024 2.... 102 M Kan A Tex aj wl 1.... 2.... 3.... 1.... 10.... 10.... Me K 2.... flO(snle) B7H B7S 07 4 B7S BT B74 T 4f 80S 804 804 M Kan A Tex Ss wl 2 824 M Kan A Tex 0s wl 0 0.1 Me Pacific 4s 1 03i 10 04 B ... 03T4 Me Pac Bs '20 1 .... 004 Mn Pacific 8s 3.... ne1; Ment'a Pwr Bs 2... . 97 2 07 0 07 National Tube Ce ct Bs 3.... 100 8 ... 100 7. .. 1004 7.... 1004 New Hng Tele Ce Bs wl 7 074 N Orleans A N K'n 44s 4 824 New Or Tex A Mexico Ss 1.. .. 714 714 N Y Ct'l 34s 1 ... 784 N Y Ct'l 4 4s I. .. 804 N Y Cent'l Ss 4 04 i 19 .. . 04 4 04 , 04 S nt. I'4, 94 , 94 S 94 S 94 Cent'l 0 103 I0l, Cent'l 7s .. 103', . 103 .. 105 , .. 103'i .. 103', .. 105 4 Edl'n Ce 04s rets 3 ... 1094 0.. . 10H4 7(sale) 1004 N Yk Light II t Pwr Ss 3 .. . 0-1 7 .. . 90 4 1 e lO(sale) 20 .... 17 3 1 N Y l'. N Y 1 1. 1. 1. 3. N Y New TNHt II cv 84 3 80 New IN1U H 4s '88 2 Bfl New T IS H Hart'd 0s 2 814 N Yk Rlya Be 2..... 84 1 84 N Y Tele 44s 1 93S 1 034 N Y Tele'e '41 1.... 10474 1..., 10B 1.,.. 103 N Y Tele'e '49 B ... 104T4 1.... 103 1.... 101 tJ Tk W C Dest 44s 4 B0 4 1 B04 2 B04 8 B64 Nla F Twr Bs 1 094 Nfk A W'n 41 2 024 1 024 N A Edls'n Ce a rets 1 0174 1 014 1 0174 North Western Bell T 7 1.... 1004 1.... 100 N Pacific R 8s 1 624 N l'aclflc R 0s 5.... 1004 10.... 1004 Oregon S L 4s 1 024 Pac Q A E Ri 11 014 Pac Tel A Tel Bs rcta 4 024 1 .... 024 10 924 8 924 2 .... 02 4 Packard Moter Car Ce Ss 1.... 107S 1 1074 1 1074 Pan-A Petr'm A T Ce Ss 3.... 101", 1.... 1014 Pa R R 4s '48 3 92 Pa R gm 4 4s 2 924 4 024 2 924 2 924 Penna R R Bs 10.... 1014 1.... 101 ',4 1.... 1014 Penna Rd 0 4s 2.... 108 2 ... 1084 1.... 1084 Penna R R 7s 2.. . 110 Peoria A E In 10 30 2 :I3 Fere Marat 3s 7 nns 3 IM14 n 904 1 964 Phlla Cnty fd 1 07 4 2 07 4 'Pierce Oil Rs B 99 FINANCIAL BRIEFS AJsx Rub'r 8s 3. 2 100 I B 12 ... 1004 14. Am'n Agr'e & 1 . Chem Bs c A E 2 .... 05 13 . Amn S A It s, 3 1 !-" Chi A 1 . u-' American Bug Ret'g Os 1.... 1014 1 1014 1 1014 Am T A T clt 8 014 B .... 014 Ant Jur Un'd Mar W 0s wl DOMESTIC BONDS 100S 1004 ions ions D de Nemours Pwdr 7 4s 1- 107S 1 . 11174 31 Duq Light Os 2.. . in: 1 1 704 70 S 704 794 7074 1'ttt Cln Chi a St L a 5a 1 984 Pertl'd nwy A Light Ra'42 6 804 Pertl'd Rwy A Light 7 Us 1.... 103 Reading Ce 4s 0 844 11 844 Reck Il'd A A Leul'a 44 1 81V Serer Brown Iren Ce 7s J...... 87 2 . 07 Bt'xVi'Mt A S R A O dlv 4s 1 824 1 824 St L A 8 F si 4 .... 704 20 B B, 2. 8. St L A S F In 8 8844 1 0874 2 084 1 084 1 I8H 1 .... 084 1... OSS St L A 8 Fran Series A .1 .... 71 si 2 7174 23 71 St L ft S Fran Series B 2 834 1.... 854 1 834 St LAS Fran 54s wl .. 934 ... 934 . . 94 94 4 .. 944 Sew'n en ... 7B4 . . . 734 Sew'n Ss ... 82 U St Paul A K C S L 4n 10. .. S34 San Antonie A A P Rly 4 s 1. .. 75i 10... . 70 Setb'd A L aj 1.... 20 Seab'd A L 0s 7.. .. 304 3.. B0 4 1 59 , 1.. B94 Sh Steel II 8s 1... . ns 1 . . . 98 Sinclair C Oil Cerp 7s rets 8, I 0 1 1 1 1 8n Railway 8s 4 034 Sn Rall'y 04s 3.. 10.. 3. n . 2. St L r, 1 st r. 1 1. 994 no '4 no 4 904 nns 994 no 4 1 004 1 084 2...1. 984 S 004 Sinclair' C OH Cor 74a 0.... 1044 1.... 1044 1.... 104H Hsale) 1044 Sinclair Crude OP Ce 84s 6 984 3 0874 Se'n Pacific fd 8 894 fl 804 1 894 10 804 Se'n Pacific, 4s 1 894 10 8974 1 894 S'n Pae cv 4s 1 9174 1 9174 S P Term'l 4s 3 834 4 834 3 834 Sn Railway 4s 074 074 07 4 074 674 074 074 1.. 1. 1... 1... 6... 4... 2... 1... 2... 1... 1004 1004 1004 100 4 1004 100 100 ion 4 1004 1004 100 1604 1.... 1004 2.... 10O Stand'd Oil of Calif 7 1.... 10O 2 ... 1034 1.... 108 Steel Tube C" of A 7i 1.... 1004 1.... 101 1.... 101 1.... 1004 1.... 100 Third Ave a J 2 01)4 Third Ave 4 1 044 Tidewater Oil, Ce ct 04 ' .1.... 1034 1 ... 1034 Tobacco Pred- uets C 7a .1.... 1034 Teledo St L A Wesfn 4 a 1 71 2 70 Trl-Clty Rly A Light Bs 2.... 100 Union Bat Pap 6a B 07 l.i... 07 Union Pae fd ! 874 Union Pae 4( IS 05 1 954 Union Pae 6s 1.... 104 U Tank-C 7 1.... 1034 1.... 1034 Unt'd Drug 8s a.,,, 110 1.... 110 U S Rubb'r Bs 3 8074 B 00 B 80S 7(sale) 89 8 00 4 00 3 00 U S Rub 74 1.... 108 U 8 Smlt R A Mln'g 61 1.... 101H 1.... 102 U'd S Steel 3 4... 9.. n 10!! 4.. 10. 1024 1024 1024 10274 1024 1024 Utah P A L Be 1 01 Va-C Chm 1st 2 1 Va-C C 2 5 2 1 14 2 10.... Va-C Ch 994 994 ct 7a 084 984 984 98'S4 98 J 974 98 74 3. .. 1034 fl(sale) 1054 B.... 1054 Va Mid gm 5 1 97 3 .... 974 Wabash R 1st 2 084 Warner Sugar Refg 7e 1.. . 1014 3 1014 W Union 04" 1094 Whl A L r. 4s 2 ... 70 4. ... 78 W A L K 4 4s 1 .... 0774 Wlckw'e Spnc Steel 7s 4 100 23.. . 100 7.... 100 2 10014 Wilsen Ce cv 2 924 3 92 1 924 Wilsen Ce 1st Wilsen 1.. 90 . 904 . 99 C 7 4a 1024 102S GOSSIP OF THE STREET I Bs . . 80 4 . . 80 4 a w 4s 3 oes 10 Chl Mil A l'g. 1 1024 1 Bound 4a Emp Gas A E 1 74 74s rcta Chicago Mil A 1 (184 St P 4 '23 6 084 1 80S 40 984 Chlcagu Mil Af 83 n84 Btpev 4 4s lErle Oenl Lien (19 4 en 27. ... 00 4ciilcage Mil A A 1 A S I-e 4s stP fd 4 4n 25 . .. 934 in .. . 03 ' 14 . .. 93S1 3 . . 034 Atch T4SHI 0 ... n3S cv 4s '03 Ichlcage Mil A 2 . . . 83 1 st I" cv Ss Atla'a Knox A j, ,, 744 Cm 4a ft ... 74 4 2 634' 1. ... 744 Atl'e Fruit 7s (jhl A Nwn Bs 1 .... 404 of '33 2 40 0.... 100 Atlantie uerg ch) & Nwn 7a OH 1.... me 1 1S 1.... 108 !!!" !?,,',? IC" Ttwy os 13 .. 103V 1... . 80S Annml Meetings KSr BTOCKllOLDKKS' MEErDJi f The Twenty-Third Annual Meeting of the Stockholders of the DEXTKK I'liRT LAND CKMENT COMPANY will (S I w It (he office of the Cem,,ny, NaXBr,h pu Tuesday. July 11th. 192i, at 2:00 eVlurk P. M for the Purpose of electing a Veiml f Directors, rntlfying the acts of th Heard it Directors for the preceding year, and for Ibe transaction of sucti ether business as nay legally come before , aid meeting. CLARENCE F. FEHNEL. Secretary Dividend Atlas i-ewuer ,c u I A P '1 Ce 74 l . .814 3 ... 10u I m ... sis Fait A Ohie ov.f.h,Pace Vnien 1 . . 82 4 sit 4 4a 20 . . R2S, 1 n2i; Bait A Ohln . . rhcaI50 Unon 10 ... R2 sta ct 04s 2 : .SJ! 3 H uaii a unii is 1 2 34 C 54 1 MS 1 . . . B4 S 1 BIS 8 .... 514 1... 514 Erie R R cv A 2 . .. B2S 1 . .. B2S Erie R R cv n B B3S Erie R R cv D 1 B7H 2 874 8 B7 Erle RR Ce 4 s 1 Ol risk Rub'r Ce 8s rets 1 ... 105 4 Fram' n Indust I Dev 7 4s w I Belt A Oil" In 119L , "IChl ft W I 4s in inns' 1 innv 1004 2 . . H'Ol-j 5 . 100 4 Bell Telephone ofe Pa 7s 0 108 R Steel Bs Ml 1.. .. 91 Beth Steel Os 2 ... 0K4 Canadian Oenl Elec 0s wl 74 fhlle Cen'r r.s 1 . ft. . 0 . 3. . 1. 91s: HI 4 1114 91S 914 Chile Cep'r 7 4. . 1034 Cl'd Cln Chl A St L gm 4s ft 81 4 C C C A St L Ser A 0s 1. . 100", K. W. CLARK A CO.. Rankers OBlce ''the IIAMiOK RAILWAY ft ELKCTRIf COMPANY Hunger. Mnlne Common Stock Dividend Ne. 20 Th Beard of Director of the Banger Railway A Electric Ce. has declared a Wdenil of Three-Quarter of One ri Cent (84 of lc,1. upon the Common Stock of the Company, payable August 1st. 1022. te stock steck stock neldera of record at the close of business July XSth. 1922. Checks will be mailed HOWARD CORNING. Treasurer. MimS HILL AND HL'llIlYI.KIMTliAVin RAILROAD COMPANY ""I v n. leuriu nirret I . 10IS Ckncl'il Union caneern mho Ter'l 34s uvte rcis 2 ... 10114 -.' . V.-. 1 1034 lanaaian n 13 2 ... 113 Can Pae 4s 78 4 1. 4 12 5 . n . 4.. 1.. 1.. 3.. 10341 1034 1034 Philadelphia, b'event'.i month 10, 1022 L. Seml-Annual Dividend of 3 per c (CbO prr hnr). has this day been declared narable Eighth month 1. te stockholder. V I record at P. 31.. nn the 14th Inst. r T-n 1 raimipr iiuiiks rinninir nn cent 1. f 'The Transfer Henks cosine en th ink i i"!-..,111 fSSVt 1,lMu whth HSHK .. ." vr.V,r ...V?..'"." V 1 v ". iiwji'i.c, treasurer. I TUB riTTMII'Rmi A M-KST VIRGINIA 11.111,1.111 Sll.ll'.l.l PREFERRED DIVIDEND NUMBER 21 The Benrd of Directors has declared a dividend nf etle and one-half IIUI . .., SI en th Preferred Stock of the Company for lithe quarter ended June SO. 1922, payable 1 Aagu at, m, 10 niecanuinera or record at th close of business en August 1. 1922. F. H. HARVEY, Secntury. Pittsburgh. Julv 0. 1022. ry' rKDERAL SUGAR RUHMNO CO, ! " :2,JICei F'l A I Si "7 a... no Canadian MiL, ,ndul., , B 0HS 1 -ft Cere d Pas'e j)' 70 u" " Coln Jt R 1U. Trie regular quarterly dividend of One and 1 1 jg, isi, ivzi, iei' stockholder el t th close of huilnnfts .Tiilv 01 Transfer book will net close. I Tliree-duarters Per Cent. U4 en the Cem- ana urn ana une-linit I'er Jent snares 01 tnis c tei' stockholder man f)ha (1) en the Preferred Shares of thl Com Cem liur Am, 1st, 1022, tee stockholders of fr nmnnc . L.,. .h 0" r4444j,c. j. A4tin, xrcssurvi 4.... 2.... 1 . . O(sale) C A O 1.... 1..., in..., 10 ... C A C 3 .., 10 .. e l.Y. 0... m" 1 'J? C Tab A lin . 10 K c 93 934 934 984 03 4 Chl A Alt 8 4t 3 484 Chl B A Q ss 884 n n 1 . n.siA iil.1 Columbia O A J;,T lsl lt lnev 1 9M "7. 3.. . US'- ' r? Columbia O ti SS I,:,0 '" "la 52 b . . . en B8. Cen'd coal Ce u" ..: of Md Bs lldi 1 t77i i ; 0;; O Ol '4 Cens'd Oas 1. 1 ., C B , 8... B,. 1.., 8.., 1... r.. 4... e 1.. 10074 . 1004 q S4 . 1004 . 1004 . lenv . 100S . 1004 . ions . 1004 , ion 1 106 . 108 B. 10 B. . 1.. 8. 10,. ft.. B. 1174 117 1174 1174 1174 11H 118 118 Cuba Rsllreuu Ce 7 4 1.... 103 Den A R O fd 1 404 D Match 74 1.... 108 Distil Security corp Ss 3 9114 90S ("is, mi nns nns nn, 11 n 4 nns en 4 80 4 mi 4 no 4 iFranclbce Sue 7 4s wl 2 ... 1004 12 1004 1.. . loot. Gene'l Elec Ss 10.... 101 Gene'l Elee rts 3 ... 1004 1. . 10114 Ooedear T A Rub'r '31 1. .. 1024 2 . . 1024 7(sale) 1021, 8.... 1024 Goedyenr T A Rub'r '41 1..,. 1134 1 111) Or'd Trunk of Can us rets 2.... 103 Great North' n Rly 5 4a I... 101 S 1.... 1014 1.... 1014 2,... 1024 .Cireat Nerth'n Railway "a 2. . 109S U Ray A W b 11". HelUnd-Am'n Une 0 1.. . 88S 7 R8S Hud A Man fd 3 81 10. .. 834 7(sale) S3 4 2... 1... 1... 10. Hud A Man In 2 024 2..,. 02 10 824 Humble Oil A Ref 34s wl The average price of the twentr no ne tlve Industrial stocks declined 1.10 per rent en Saturday te IM.riH, wliile tlie twenty rails declined 1.05 per cent te SO. 11. The Mellen Nntlennl Bank, of I'itts burgli. has been awarded a ."?(!!1.000 is sue of 4Vj per cent bends' of the 1'enn Township? Allegheny County, Va., eclmel district. A bill is te be introduced during the nresent session of the Georgia I.egisla- 102s ture providing for repeal of State bnnk- ,n2'i ing laws and nbelishmcnt of the office of 10.4 viinnrliitriitleiit nf linnlre. A. it. iltimphrey, president of West West West lnghouse Airbrake Company, has left for an extended trip te Europe, where he will inspect industrials plants in Eng land, France and Germany. The city of McKeesport, Allegheny County. I'n., Council lias awarded te .1. II. Helmes & Te. a SDS.OOO issue of 4Vy per cent, tux free, street Im provement bends. The bends are being sold te invc-ters en a 4.10 per ecnt net basis. The money pest proposed for the Phil adelphia stock market is te be instulled shortly. The president of the exchange, M. F. Middleton, Jr., has arranged with banks te nnneunce through a rep resentative 011 the fleer the funds they have available. At present when brok ers (Wire te negotiate a lean they fre quently have te get In touch with ob many ns four or five banks before they obtain orcummedations. With the es tablishment of the money pest they will obtain the funds forthwith, assum ing, of course, that the collateral offered meets with approval. me cbb n low year nu, '."i ii.1 educational campaign carried en by tne Government during the .period of the various Liberty lean ana victory i offerings. . ,' . ' The public has become educated te the Importance of the purchase of se curities from which a substantial In come return Is obtainable, and , it is believed that from new en the tendency will be toward a continuance of activi ties along these lines. Foreign Exchange Interesting Situation Developments 'In the foreign ex change market during the last week were of a mere interesting character than at any time in the ciurcnt cal endar year, a new low quotation Jer all times having , been established for marks, while francs also declined te the lowest level of 1022. .Singularly, In the face of this situation, sterling exchange was unusually firm and mere active than for a month or mere. It was reported that the continued absorption of sterling bills by a leading local Institution was for the account of Great Britain, and In .this connec tion reports were in circulation that the buying was for the purpose of lend ing a greater degree of stabilization te Bterltng bills, perhaps with n view te bringing about popularity of a new Innn of nntnfl etiarftCtCr With WlllCh tO meet maturities of the Government In the early fall . . tl The tinlted Kingdom of Great Brit- nln ami Trelnnd 5i8. which mature next fall, are convertible Inte a long- tcrrr: Internal IJrltlsn uevernmcni oenu, such conversion being maue attractive at any time wnen sterling rates ate quoted nbeve 4.30. AS rotes ler sterling are new wtii above 4.40, It Is said there has been quite a substantial exchange of the notes into tllC leng-icrui liiltnmi uuuun. Mn rWtirea nre obtainable as te the exact amount that has been exchanged te date, although It is said te be sev eral millions of dollars. These notes net converted, however, must De taken care of through some ether medium, nnd it Is net improbable that n fresh Icen will be negotiated ler tne pur- rose. A New Army of Investors Years age. the overage Individual was net at all familiar with Investment se curities nnd the savings of the Indi vidual of moderate means were either deposited in savings banks or in a re mote corner of a bureau drawer. Alse considerable nmeunts of estates were Invested in real estate and real estate mortgages. The situation in this respect hes un dergone n complete change, nnd the opinion is from new en the investment market will command considerably mere attention than ever before. There, of course, will be periods when depression will appear in the securities markets, but this will simply be subject te ad justment, ns has been the case se many times in the past. There, however, should be greater stability In the entire Investment situation. Copper Situation improved Seme improvement took place in the copper market last week. After the heliduy. there was an increase in buy ing and prices were advanced slightly. Offerings et lS-'M, cents nt the end of the week were only en odd lets and sales te the leading consumers were made at 13 cents ner pound. Considerable importance Is attached te the fact that one transaction was dosed nt 13 cents en which deliveries nrc te run through te the end of the year. This is the first sale for such a long period of delivery that has been made In many months, and indicates that one consumer, at least. Is net look ing for lower prices later in the yenr. It is doubtful if nil the selling agents would nccept business at 13 cents for the last six- months of the year. Many are of the opinion that prices will advance in the fall, nnd for that reason they arc net selling for delivery beyond the end of the third quarter. Seme of these interests arc also out of the mar- kt for spot shipments. Brokers' Opinions Newburger, Hendersen & Loeb: "When such an unimpeachable author ity as Secretary of the Trcnsury Mel Mel eon expresses the belief the fiscal year just beginning will be a prosperous one for the business interests of the United States, tiny lingering deuDt as te preg ress of the reconstruction movement should at once be dismissed. As a mat ter of fact, no one ever douetcu, but the sharp eyes of the stock market saw It coming many months nge and the re About the most Important subject of discussion from n stock market point of view is the condition prevailing In r.urepe, which, according te press ad vices, ns well ns bankers, who hnve recently been in that country are net favorable. There was n great deal of talk re garding the possibility of a financial crisis in (Jcrmanv with the result mnrk exchange sold down te the lowest point en record and this unquestionably was an influencing element in the stock market, although its extent cannot be measured in actual words, nor in the fluctuations in individual stocks or groups of issues. There was n. illsnosltien nn lhe nnrt of Heme of the leading banking interests cent almost perpendicular rise in invest- r LARGER STEEL ORDERS u S. Steel Unfilled Tonnage In creased 381,503 Tens in June Xcw Yerk, duly 10. The monthly tonnage report of the United Stnte.s Steel Corporation, made public today, showed ri,0Hr,.r:U tens of unfilled or ders en hand June 30. This Is nn in crease from May's unfilled orders, which totaled fi,2."4,'J2.S. Comparison of unfilled tonnage en the lOtli of each mouth since 1013 fol fel low : Menth nf Tens Menth of Tens te take the position the railroad issues wnx' iiiuuciive uecuuse 01 u qiiiiu Ktii- eral feeling that the strike of shepmen will be of short duration. As n result n considerable buying movement of many of the leading rails set in which carried prices up te new high quota tions en the present movement. The seasoned dividend -paying issues were among the most popular of the rail group, including Union I'aclfic, Atchison. Great 'Northern. Northern I'aclfic, Southern Pacific, etc., although many of the miner nen-divldend-paylng rails were active and scored substantial gains. There wns a disposition en the part of bankers te exercise caution in the matter of fresh commitments until something mere definite Is known rela tive te the European situation, the coal btrlke and the railroad labor difficulties. Bend Digestion Relieved Fer a period of two or three weeks the bend market has been in a rather stagunnt st te. bearing evidences of in digestion brought about by the multi plicity of offerings of new securities, some of which have net been of the highest grade. T'nder the circumstances It hns been the part of wisdom te withheld new securities from the market In order te permit digestion of these alrcnd out standing. Bend men state they are highly gratified with the results since the July 1 interest and dividend dis bursements, n great deal of this money already having found its way buck te investment channels, The tendency en the part of Inves tors today is te keep their surpliiKsages 44(4 884 84 84 8.1 4 10.. 38.. 75.. I.. 10.. 100 100 100 ISO 100 June. M.-y. Apr. Meli.. Keb . Jun., Dee , Nev., Oct Kepi . Auk , July, June Mny Apr , Meh . Feb , .Inn . Dee.. Suv.. Ocl , Sept.. Auk , July. June, MuV, Anr., Men... Feb.. Jtin.. Dec., Nev., Oct,, Kent , Auk , July, June, May. Apr., Mch , Keb,, Jan,, Dec. Nev., Oct., i6epl AUK., July. My. Apr., Mch., Feb., Jan,, Dec. Nev,, Oct i. 192'.'. R. 111,1, 1 T.31 Sept 11!2 r, M4,'JL'S Mij lO'.'J, a.uiiil.ulT July, ll'l:2. I.I94.14S June, 1U22 4 14 1. mm Jlny 111.".' l,-l.'l.M,S lll.'l 4 '.'lis. 414 1021, 4.20..'ir.' lli'Jl, 4,'.'HlJ,S29 1921. 4.800.1170 lli'.'l. I,n-Il,92l 1021, 4,S30,!I24 IU21, 5,117. SOS 1021, 0,4811,487 1021, B.S45.224 111. I. I,.S4, ill.'i 1021. 0,033,807 1921, -..',73.1(11 1920. H. MX, 122 1920, 9, 021, 481 1920. 0,h.lll,SS2 192ll,1u,S74, 801 11120. 1(1. 8II.VII.YS 1020,11,118,438 spt., iu.il,iw,!im,ni 1 AUff , 1920, 111,1140,4(111 July, Hi2ii.l0.3Mi.747 June, 1020, 8,892,075 May. iii.ii, i,,ii.i.,iisi Apr, lir.'ii, lViKa.-wi 1019. S,2(l,'i,;i(il! 19111, 7.12N.3HII 1919, (1,472,008 , 1II1II, 11,284, IMS 1919, H.lll'1,1113 1919, r,,r,7K,IHIl 1910. 4,892,8,'i.l 11119. 4.2SJ.310 1919, 4,300,110.1 June, , 1919, r,,43ii,.-i72 .May, 1919. (1.0I0.7K7 Apr.. 1019, 0.034,208 Mch., mm. t.hjim.'i-' Keb, mm, Min.Htis 1018, 8,8.13,293 . 1018,- 8,207,110,1 1918. 8.7.111,04.' 1918, 9,808,803 IBIS, 8,837,028 1918, 8,741,882 , 1018, 9,0311,4011 mm, u,2ix,4.ia ment nnd speculative values accordingly discounted It. At the same time, the fact must net be overlooked that the average level of prices is considerably under the high marks of the construc tive movement because of the breud re action which hns taken place. Ne doubt many ever-extended Hues of long stock hnve been lightened nnd the bullish posi tion thereby hns been made correspond ingly less precarious; yet we feel the point has net been reached wherein any relaxation of caution or discrimination should he mnde in centrinnlntcd fresh commitments. Unless precedents nnd surface indication,, are misleading, the market is shaping' for the customary midsummer drowsy spell during which the foundations will be laid for the re sumption of the forward swing In the foil." West & Ce.: "The larger stock mar ket operators nnd the peels have appa rently distributed their holdings among the public nnd seem inclined te await u decision en some of these mere im portant problems. When they will re turn te the market and what attitude they will assume en their return will be governed by development miring the present month. We would, therefore, advise the imrchase of stocks only en setbacks until a clearer view of the future can be had." Marks Ge Begging (irnrva, July 10. German m.irk were freely offered en the Hwlss Uxchanee market today for 03 centimes, nnd there were few taker. Anxiety wns expressed In Swiss financial circles cencernlnK large Bums of money owed te Swiss bunks by Uerman heunes. Luree amounts of Herman paper money nre cemlnu intu Switzerland and are Iwlnir Invested In Hwlas securities for Oerman accounts. Apr.. Mch . Feb . Jnn , Dec. Nev., Oct., Sept., Aug., July. June. May. A-pr,. Mch , 1'eb.. Jnn , Dec. Nev., Mch Tell., Jan,, Dec, Nev., Oct , Sept. Auk. July, 1918. P.477.N.1K 1017, 0,38i,71(l 1017. 8,807.10(1 1017, 9,009,875 Jan Dec,. Nev., Oct,. Sept., Aue., July. June, May, Apr., Mch., Feb., Jnn., 1017, 0.833,477 1917,10,407,049 1917,10,844,104 1017. 11. 383. 2N2 1917,11.880,801 1917.12.183,081 1917,11,711,044 1917, 11, .1711.1187 1917,11.474,082 1910.11, 847, 'JStl 1010,11.0.18,542 101(1.111,01.1,2110 19111, 9,522,584 1010, 0.I1C.O.S17 1910, 11,508,502 1910. 0.040,458 10111. II, 987. 70S 1010, 0,829,551 101H. 9,331.001 191(1, S,,1IIN,9llf) 1910, 7,922,700 191,1, 7,8011,2211 191.1. 7,1R9,4S7 1915, 5,317,012 191.1. 4. 90S. IT..1 1915, 4,928,510 191.1. 4,078,1911 1915. 4,204,598 1015, 4,102,244 101.1, 4, '.'.15, 740 1915, 4,345,871 11115, 4,24H,,171 1014, 3, sail, 1113 1911, tl.H'J 1,5112 1011, 3,101,007 1914, 3.787.0(17 1914, 4, '.'13, 331 1914, 4,15M,,1S0 1914, 4,032,857 1014, 3,098,280 1914, 4,277.0118 1914, 4,833,825 1914, 5,0211,440 1014, 8,013,030 1918, 4,282,1118 1918, 4,390,347 1913, 4,513,707 1913, 5,008,789 1013, 5,228,408 1018, 5,809,850 1913, 5,807,317 1018, 0.324I.H22 1018, (1,978,702 1918. 7.4AH.OAfl 1918, 7,050.714 1V13, Uncommon Sense : By .IOIIN Tive Kinds of Ambition BLAKE '"pIIKUE ere two kinds of ambitien: One is the desire te de something supremely well. Such nn munitien nniinnted Shake speare and Michel Angele nnd Henjeinln Franklin and all the men of genius who hnve contributed greatly te the world's progress und happiness. Anether kind of ambition is the thirst for power. That was Napeleon's ambition. It was the ambition possessed by the man who wrecked Germany and nearly ruined the world, nnd who is new, It is te be hoped, repenting of it in the llttle Dutch village where he Is a lonely exile. pIIIS thirst for power Is nn ambition J- that Is never gratified. It cannot bring happiness te Its pos sessor, for he is forever angered by the knowledge that his will Is thwarted by people he cannot rule. i It can and docs bring suffering nnd misery te Innocent people sometimes whole nations of them, when the man who possesses It happens te be un usually able, or born into a position that makes it possible for him te order ethers te help him te de his will. This thirst for power Is really ego- 7'.B37!3Cfrtlsni in the highest possible degree. The man who harbors It believes that he was born te think for ethers, te plan for them te make every one who surrounds him Ills creatures. TO GIVE orders and knew that they will be obeyed te hnve people knew that thev must de nothing with out his permission te tell men hew they shall live nnd hew they xhnll think and sometimes whether they shall live or die that Is tins ambition that pos sesses the despot and hundreds of thousands of men are little despots, their power being only limited by their ability te exercise It. Shakespeare's plays are tilled with instances of ambition lie wrote better about it than uny ether man and the men who were ruled bv their nmbitlens invariably ciiiuti te grief In his dramas. nucn munitien in merely tlie extreme of selfishness. Whether it is found in n great king or a clever and unscrupulous frilltl. clan, or a little local vlllage Somebedv. It makes mischief for all with whom 'it comes in contact, and it utterly wrecks the' serenity of Its owner. THE man who finds he Is developing a thirst for power fiad better leek out. He litis contracted n vice that is mere dendly than, drugs, and which Is certain te bring him, te disaster, in' the end. "' r m ii 1 O These Who Have Named The Provident Life and Trust Company of Philadelphia Executer, Trustee, et Guardian Under Their Wills: , AS already announced in the newspapers, PreVident J Truit Company of Philadelphia is taking ever the business of the Trust Department of The Provident Life ' and Trust Company together with virtually the same personnel and organization and with ample capital arid surplus built up during fifty-seven years of conservative, constructive service. Te continue the new Company as executer, trustee, or guardian under a will that se designated the original Company, the maker ei the will should rename the new Company te succeed the old. A codicil te that effect is all that is required a change that can be easily and quickly made. . Provident Trust Company therefore suggests that every person whose will is affected by the technical transferef the Trust De partment of the original Company consult an attorney without undue delay and have a codicil properly drawn up and executed. ' Provident Trust Company takes this opportunity of expressing its appreciation of the unspoken confidence in the Trust Depart ment of the original Company that led these friends te name it as executer, trustee, or guardian in their wills.. As executer, trustee, or guardian, Provident Trust Company of Philadelphia pledges itself te maintain unchanged the high stand ard of service set by the original Company. The new Company cordially extends the facilities of its experienced and complete organization te old and new friends alike, and invites correspon dence and inquiry en any detail of Trust business. PROVIDENT TRUST COMPANY OF PHILADELPHIA DIRECTORS ASA S. WING JOSEPH B. TOWNSEND. Jr. MORRIS R. DOCKIUS LEVI L. RUE GEORGE WOOD J. WHITALL NICHOLSON CHARLES W. WELSH OFFICERS ASA S. WING. . . , PARKER S. WILLIAMS GEORGB H. PRAZIBR SAMUEL REA CHARLES J. RHOADS GEORGE R. PACKARD JOSEPH WAYNE, Jr. II ASA S. WING Prtildtnt I J. BARTON TOWNSEND . . Viee.PreildteC l -v - JOHN WAY Vle..Pre.ldent '' C. WALTER BORTON . . Trait Officer ".. n. -N. CARL W. FENNINGBR . Au't, Truit Officer T SZiZmmmm Obs-s. ALFRED G. SCATTERGOOD . Sec'y.&Trui. y S W. RUDOLPH COOPER . . Au'c.Treu. Js&Sr CAPITAL, SURPLUS and UNDIVIDED PROFITS $89,796,474.71 The National City Bank of New Yerk and Demestic and Foreign Branches Condensed Statement of Condition as of June 30, 1922 ASSETS CASH in Vault and in Federal Reserve Bank . $100,519,123.63 Due from Banks, Bankers and United States Treasurer 101,281,861.76 Leans, Discounts, and Acceptances of Other Banks . ! TT United States Government and Other Bends . $98,111,867.81 Stock in Federal Reserve Bank 2,550,000.00 Ownership of International Banking Corpora tion 8,500,000.00 Bank Buildings '. 7" Customers' Liability Account 'of Acceptances Other Assets $201,800,985.39 492,685,957.04 109,161,867.81 13,147,650.20 31,630,964.71 9Z3.874.43 TOTAL $849,351,299.58 Head Office 55 Wall Street New Yerk LIABILITIES Capital $40,000,000.00 Surplus and Undivided Profits 49.796,474.71 Deposits " " Acceptances of Other Banks and Foreign Bills jjem witn our endorsement ?a?fu ikcqq ..j: i ... ,.-. -,--.,.--.. $ 89,796,474.71 667,038,500.12 Acceptances Outstanding as per contra Anticipated by Customers . . Items in Transit with Branches Circulation Bends Borrowed ' , , Rsserves fer: Accrued Interest and Unearned Discount Taxes, Accrued Expenses, et cetera . . Contingencies TOTAL . . ". $31,630,964.71 761,728.66 $ 2,366,614.30 4,363,070.55 10,000,000.00 32,392,693.37 348,585.54 1,823,195 00 1,958,000.00 16,729,684.85 $849,351,299756 A Leng-Term Hydro-Electric Bend Te Net 6.38 Pinna. Tax Refunded Baker, Yeung & Company JOHEl'II W. HWAIN. Jr., Munuirr Land Title Bldg. notion rnuaaeiphia GE0.A.HUHN&S0N3 Nw Tork totten K.chVnii 7 n STOCKS & BONDS beuiht and -old for caih or tare led en etnrntiv ...,"' VCTitii-y-""" ' Chicago, MUwaukee & St. Paul Ry. Ce. Equipment Truit Si, "A" Maturitiew 193S-1934 Pricet te yield 5.15 te 5.40 Erie Railroad Equipment Trust Sy2t, "GG" MaturitUt 1924-1936 Prices te yield 5.25 te 5.55 American Refrigerator Transit Ce. Equipment Trust 6i MaturitUt 1927-1937 Prices te yield 5.60 Then Equipmente Are tteued Under the Phila. Plan ELKINS, MORRIS & CO. LAND TITLE BLDG, PHILA., PA. Member, New Yerk and Philadelphia Stock, Exchange -a mLt; tiff, e a: ift J (J'l.i.l M, ."J tew.K:fiA-iai A&t&&2ft&i
Significant historical Pennsylvania newspapers