IH.v,,., I... . L JHWi
IPP& .
Eti " p V w OT?i' ' " " ' . r '('
V
1 I
20
EVENING PUBLIC LEDGER PHILADELPHIA, THURSDAY, AUGUST 17, 1922
Service and Stability
Safely
and Wisely
nndlinfr an estate de
mands experience and calls
for the solving of problems
that one should hesitate hesitate
nbeut leaving te the discre
tion of an individual.
This Company operates
perpetually, is never sick,
is never tee busy and
never takes a vacation. It
has no selfish interests and
is absolutely impartial.
Our officers arc always at
hand te meet every respon
sibility, and may be con
sulted at any time.
Integrity
Trust Company
eurth and Green Streets
1 i
I
Capital SSOO.000
Surplus and Profit $1,959,000 9
III Spruce 8200
Unhed States
Government
Securities
fir.rrniTir.s nnr itTMnNT
COMMERCIAL
TRUST COMPANY
Member tilrnl Itrsjne ststent
City Hall Square West
,Z:JlUIILIIjfMn
We Wish te Buy
Mt. Royal Tun. & Ter. 5s, 1970
Passaic Water Ce. 2d Js, 1937
Scranton Rwy- 5s, 1947
F. P. Ristine & Company
nSTAni.IHED 1902
Widener Building, Philadelphia
New Yerk EHzabm. N. J.
Members .Veu? Yerk and PhiUuUlphUt
Stock Exchangee
Jlllll nun J ' ""nr
San Angele
Water, Light & Power Ce.
10-Year Sr'e Notes, 1931
remra"v s. Mirul!y operated
EuruinR for year erd ns May
Slat, 19:: times interest
chare -i
I'ni'.nd "inu'Iv tnia'anteed pr n
clpal ani 'nte.-fs! b 'h Inter
state Klctrti Cn.-prat'en who."
KUrrlu? r.iriuni,-- .ire fiual tn '
t-tnes ir.'-rci Lh.irjfis :i th.e,
IsbUr
Price te Yield Sr
Cxn u."
.1 ei reT'Cit.
Fairman & Company
Drexel Ruildinc Phila.
i;i:ihiuiifj ien:
T iil"i in 1 1 1 1 1 1 n i iiiiri i rrrn
Chi., Terre Haute &
Southeastern Income
5s, I960
Me., Kan. & Texas Ry.
All Old and New Issues
Lehigh Val. Ceal Sales
, D., L. & W. Ceal Ce.
Wm.C.Orton&Ce.
I j54 Will 5t
54 Will St., N. Y. Tel. Hanover 9690-9697
We Specialize in
Pennsylvania
Municipal Issues
Biddle & Henry
104 SOUTH FIFTH ST.
?
Pitti., Ft. Wa-ne & Cbje. Ry. Pref.
North Penn Rulread Stack
Northern Central Rr. Stock
Cambria Iren Ce. Stock
Sckujlkill Rirtr Eait Side R. R. 4'i 1925
Vindalia Railroad -I'i "B" 1957
WM. W. FOGARTY
Lafayette Building
Lembard 10-UH M.iln 31-13,
Itt
h
Gimbel Brethers
MORLEY, WOOD & CO.
333 Cheatnut Street
Member N. V. 3. l'lill.i. Meck i:rh'.
fj'A . High-Grade Salesman
,4, I .a, OUL jAlUhail tlnaivclal lntl
tnelal ln(ltitflnn
Rtrvjw aleik and bend man
jMSLaA
-" wennM
STOCKS CONTINUED
MAKING NEW HIGHS
1 Market Broadened in Anticlpa
! tien of Favorable Outcome
I of Today's Conferences
Neir Yerk, Aug. 17. renfident of n
favorable oiitcemr In the nnthrncite oeal
, and rail strike ronferences this after-
neon, the rnnetructire forces of the pro pre
j fesslenal trading contingent utrenRth
I ened their prlp en the market in to te
i day's operations and continued te puh
i prices into new high ground. They were
j strongly fortified In their efforts by nn
! apparent nbundnnt supply of call money
.at 3', per cent. ("Jencrnl market con
I ditiens were very similar te these noted
for many days. As n matter of fact
there was little alteration in the gen
, oral program. Trading during the
forenoon wax bread and active, with
no t-emblance of the reactionary condi
tions noted in the late operations yes
trnlav. Te the contrary the main bedr
if -tei'Us moved quietly ahead until
around mid-day. when the markt
li.ilfeil and the usual recessions were in
order. Trading narrowed down te com
paratively small proportions in the af
ternoen without recording any Import
ant prliv change.
Evidently the,. in the saddle are
giving little heed or attention te any
thing outside of the strike situation.
iVnfirmatlen. however, of the funda
mentally bullish position of the whole
market was strikingly demonstrated net
enlv In the fresh outburst of upecula upecula
tive enthusiasm manifested at the out
set, but ale in the far: that wen new
! i!i lefnrds for th"e year were estnb
lislieil in the first fifteen minutes of the
trailing, notably by I'e-tum t'erc.il. Al
ii, il I'l'i-mbal. New Orleans, Texap nnd
Mexico. Northwestern preferreil, Na Na
t.enal Iad nnd American Sugar.
T!ie diversified character of the stocks
typified net enlv the progressive, char char
aeter of the movement, but ale cen-tu-'in
d the complete control of the bull-i-h
Interests. This naturally kept the
.' or- intere-t, stepping lively in all
dire-tiens, and undoubtedly the taking
in i'f many of the new hnrt lines put
out jesferda ac additional momen
tum t the ear'y forward movement.
Trading in tlie rails at first was con- I
fined largely te the ordinarily inactive I
iue, but Liter the dividend payer"
becaire ii.ere aetie, with especial
strength hewn by the cealers. Heading
reaching the highest figure sineu the
Supreme (v.;rt decision confirming the
r'.h- of the preferred shareholders te
participate in the segregation plan. At
the sjnie time the industrials were fea
tured by buying demonstrations in rnan
selected issues.
Prices having demonstrated their
a'li'ity te rise, trade' found little diffi-
llty in eb'aining a following when -..
1'cted stocks were taken held of m the
afternoon. V. S. Alcohol. Ame-ictiu
S igiir, f'nca-Cela. Pnclfic !as and l'lee
tric and Austin Nichel were mrke 1 npi
l'j te j I'l.nit- The shipping group'
Taj lieavj, Manni preferred filling,
2 '( T'i'infs. Aineni an Intermit, hi.i1. ,
Atlairl- (J'i't tireferred. 1'ameu-r Piny.
ers and International Harvester also
guve way 1 te 'J points.
I Ti e teady ah-urptinn of investment
' sei'uritirs, many ..f wlibh reach new
j high prices f. n- the year, added im-
I e-tis te the further rise in several spe-
ii.llt.es In the dull trading of the final
I hour. ("onselldati-1 Gas. Advance
1 Hi. n ! l'fd . Srremberg Carburetor.
Pacific Oi!. rur.. (hi. Standard Oil f
, New Jersey r.nd l'mte,i Drug showed
i , ..nsplciieiis strength. i
Principal a. t.vlty in the early bend
I'en'ings was divided between public
utility isues and popular railroad
mortgages, each of winch showed a
str ng tone, reficc-.r.g the mere hopeful
pn -peets f..r in '..-.trial pence. j
K in-as- City Sen-hern ."s were pushed I
up .lt points, with large fractional!
gain.s being recorded by 'Western Mary- '
Kind 4s. Cl.esnpe-ike and Ohie con- '
vertlble 4'2s. Sr. I' ml convertible nnd'
refunding -1J..S. Northern Pacific ."-,
St. I. Mil-, .ind .S..U1 Prancl.'e adjust-
nenr ii-, IN nti Ivania geld and
C. ti-. i. P't .'..- i rt . Teledo Kdls. ,n
T-. T .r Aw-nie adjustment ."s nnd
P' "lies' lia. ,'. wire the eutstand.ng
.. us ip ti.i mi.ity jtreuii.
W Ism'i Cnmp.itiv tonvertihle T1-..-.
wl . Ii f rr d upwun's 1 ',. steed out "in
t!.eiudi-tii.il list in wl.i.h there was
' 'tie aitivny. .laji.inese fir-t 41-.,
Mexican ."s and Piag'ie Tie- recovered r
s'liieuhat from tl fir recent heaviness.
I.irerty issues, with the excentlen of.
the.'t'-.s, which teeeded 10 points, were
U:r!y steady.
MARKS AT 1052 TO DOLLAR
German Currency Again Hits New
Lew at .09 3g I
New Yerk, A"g. T7 Changes in the
Imd.ig exc'iani- at the u eiing today
wire un l-ualh nnnew. Stirling and
francs -vyre i rt in " i :ii l.atunl, while
l're aij 1 P.elgi.nis s).nd"d i slight frin
t en Marks lest m.ir'y n point. The
I.ugist deil'ne wj in jipsptiis and the
.r.11. ipnl udvanns were ,n Danish and
Mlelcll.
In the enrlj afternoon, sterling rose '
t 4 lsi. for cnbl.s ai.d 4 ls , for!
i eii.ni.d, n new hifi en tliis iiiuM'in-nt. '
At this'r'lte, the extni.le high rneld
tl -f e.irnf l.'.l1-.. will I.. re.n'iii..l seen.
Piiiiis, notwithstanding the rei all of
M Piirmentler. advanced 0 points above
isi.-rda.' final te 7.H7 for cahles and
7 'i'.'j for checks. I.;re n.impnhi7ijd '
with a net gam of .Tj, tu 4."." feri
i iMes nnd t . ." t ' . for checks. I'rancs
are still li't iints below tlie reunt'
high. Marl.s readied a in w low iee. I
or. I for all time at .OH'',, but af'er- I
w..ld v ere quoted at .O'.i'j.
Cmtral Jlurepean ncliaiieis were I
erra'ic agiin tedav as fellow-; jul- j
garlan. .(is.; Humniiiiiti. .71'; Si rbi in, '
1 11-; fireiks, :: . . Ci. i iiii-S,iaki,in,
'J '.hi; .Iiige-Shnuin, ..''. i ' -j ; Polls,,1
nil.": rinnis-h. U 1.".; Austrian. .irtl T ;
Ilungarlan. .0H71... The foregoing
shows (Jreek excliiinge at a sharp ud- !
iiii'c, while Czecho-SIevuklan nomi
nal U 10 points lower. I
The premium In Mentrenl en Ni w
Yerk was .'l-.'il' ier cent The diceiiiit
en Canadian f'unU in New Yerk was,
.luminal at .'-.'i'J ier cent. It is ie- I
pertiil difficult te buy or sell this ex- I
-J
change.
VESTEItDAVS CT.OStyc, Qfi-iTATIONS
Sli-rllnif I nines I r. ijijII'terH
4T' 7 ni 4 'V3 as .j
4 17 'i 7 04 4 -. I 3s 9tf
OI'K.VrNfJ Qt"OT I'lON.S
11,'tnaml ...
CuljU'n . .
TODAY'S
Iiemsml . .. .
(.' allien .
St-rllrK Trtms !. ire 'lull. ler-
4 47S 7 O'.'i 4 .'.'.'j 3s
. 4 47j 7 sii 4 :.i as 09
1
CLOSINO QCOTATIONtj
f terllil.- Kr.inci I. rn Oull.lr
lm..el . H"! T Hflsj (ill, ,1s Mil
i ,,i '. 44!i 7 U7 4 3D S'l OJ
GRAIN MARKET
Whfnl
Kpi.nihi'''
Ii, . . mefr
SI.
i' .rn
Sej unilwr
t) enilier
May
O.ita
I Srvtemtwr
1 D.Tember
(jen
1 i.O
J isj
1 i'H
HiKh
l a
1 M4W
1 I.' I'll
1,nv
1 Oft
1 M-U
1 ml'.
.101,
57
SM',
31
HIS
0M
' 1
31 u
31
37
(12
.Ml
Ml'.
SIS
H4H
.inT
.7i
ST
Muy
IjrJ
37 ii
Heptrrebar
.10 117 10.7lKlO.A7 10.
SZebir .... 10.75, a.M.7 IB,
drop
cenaden-
mente
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Litt
l)lv.
In STOCK ltlah
.. Ailvance Xlumely. . 22 !
3 Advance Kumcly pf 5914
4 Air Keductlen 57 H
.. AJax Rubber "14
4 Allied Chcnt A Dye 77 Ti
7 Allied Ch & Dye pl09i
4 Allls-Chalmers .... 3D
. Am Agrle Chem... 41?
.. Am Agrle Chem pf. OB
.. Am Beet Suiyar. . . . 4714
.. Am llesch Magneto 41
4 Am B Sh Fdy new 72
.. Am Can 5s r
12 Am Car & Fdy... 173
7 Am Car & Fdy pf..125
.. Am chicle 9
.. Am Cotten Oil 28
.. Am Drug Syn 6Ji
. . Am Hide. & Leath pt 72
7 Am Ice 112J4
.. Am Intcrnat Cerp.. 38
1 Am La France Enff 13 la
.. Am Unwed 37
6 Am Locomotive....! 19 H
7 Am Loce pf 1 18 J4
1 Am Metals 45
7 Am Mctnl pf 107
4 Am rtadlater 1 14' J
.. Am Safety Razor... 7
.. Am ShJp & Cem.... 17!i
. . Am Smelt 61 H
C Am Smelt Sec A... 97
12 Am Snuff 139
3 Am Steel Foundries 42
.. Am Sugar Bef 84 H
.. Am Sum Teh rt...
6 Am Tel & Cable.... 60
9 Am Tel & Tel 123
12 Am Tobacco 149!i
12 Am Tobacco B....148
.. Am Waterworks... 19U
.. Am Watrwks 89 pf 41
7 Am Watrwks Vc Pf 85
7 Am Woolen 91 ?
.. Am Writ Taper pf. 33
. . Am Z.nc Ld & S of 46
.. Anaconda Copper.. 53 7
4 Ase Pry Goods.... 55 VI
6 Atch Tep & San Fe102'i
D Atch Tep & S F pf 95
7 Atlant.c Coast Lln 1143
.. Atlantic Fruit 2U
.. Atl Gulf gc W I S S 331a
.. Atl G & W 1 S S pf 22 'j
. Austin Nichols 21
7 Austin Nichols pf.. 85
7 Bal.lw'n Locemotive125!4
.. Baltimore & Ohie... 58
4 Haiti & Ohie pf 63!i
.. Barn-nln 'e i.1 34 i
. I'.arnsdale ( B . . . . 26
.. Beechnut Tacking.. 33
3 Bethlehem Steel.... 77 IJ
5 Beth Steel B 79 4
7 15. th PUel T-c pf. 98
.. Br.t Hm Steel 2.1 pf 33 'i
5 Broek! vn Edlen.. H6'4
.. Bklvn Rapid Transit 25 ',
. . Bk'yn R T ctfs of db 21 ai
n :-n I'nien Gas. .115
7 Brown hse pf 94 'i
in Burns Bres A 136 i
2 -Bums Bres B 49 H
.. Butte Cep & Zinc. 7U
.. Bu'te a: Sun Cep.. 29
.. Cadde ren O & R.. 103
6 California Tacking: 82 Vt
.. California Petrel.. 61 H
. . Cal Zinc & Lead... 8 la
10 Canadian Pacific. . .143
3 Canada Southern... 51 li
.. Case J I Plew 64
7 Case J I 1st pf.... 91
.. Case J I Threshlnc. 43 'i
.. Central Leather.... 40'-
.. C-nt Leather pf 74 Ji
.. Cerre-de-Tasco ... 39 ';
4 Certain-tted Tred.. 51
C Chandler Meters.. C'
4 Chesapeake & Ohie. 77 Ji
.. Chicago & Alten... 1 1 "a
.. Chicago Si Alten pf. 19
.. Chi & E 111 (new).. 37
.. Chicago & Or West 8 H
.. Chi & Gr West pf.. 21 ij
5 Chi St P M & O 73
.. Chi Mil & St P 32H
.. Chi Mil & St P of.. 49 U
5 Chi & Northwestern 87 H
7 Chi & Northwest pf.122
,. Oil It I S Pac 45' i
6 Cht P. I & Pac 6 pf 84 Vj
.. Chile Copper 22 '4
,. Ch no Copper 30
.. Cluett-Peabody .... -6'i
4 Coca-Cela 73'i
,. Celum Grnphophen 4
3 rel & siemhpm .... 50
4 Colerado & Se 1st pf 62
.. Cebtm Gas & Klec. 995i
6 Cempu: Tab Rec... C7 Ta
. . Cor.sel Pis Ins. . .. 'i
8 Consolidated Ga3...124s
.. Consel Textiles '01a
.. Continental Can... 78
4 Cern Products Rct..1l4'i
4 Cosden & Ce 45 W
7 resd, n & Ce pf . . . . 95
.. Cruclb'e Steel 3
7 iv.ic'l.'.e St. f I Pf... 94
. I'utan Am Susar.. 26 H
7 i'ub..n Am Sugir pf 95
. Cuba Cane Sagar. . . '5!4
.. Pu'.a Cane Sugar pf 38 3i
. . Pivl'en Chm.eal . 50
1'. .K. rs r M'n Ltd 21
Z Peer & Ce pf 75 U
; Delaware & Hudsenli7
0 Del Lack & Weal. . . 132 '-j
g Detroit Udlsen. . . .,1 1 1
3 Pome M'.rteS 34 'i
.. Luluth Se S & A pf 41a
g Du Pent E I) Ce. .131 H
C Du Pent OTe deb pf 82 ',i
G Eastman Kodak new 77 H
3 Elee Storage Bat...-9i
.. Elk Hern Ceal 21 Vi
.. Emersen-Brintlng 9
5 Er.dlcott-Jehnaon . 84',
.. Erie . 18
.. Erie 1st pf z-
8 Faireus Payers L.. 88
S Famous Players pf. 97
. Fa.rbanki 17 'a
ti F-d Mm i Smelt pf 54
. . Fisk Rubber 13
. Tree pert Texas 21 a
7 ; n Am Tank pf.. '02
.. General Asphalt 65
5 General Asphalt pf. 99'4
C General Cigar 76 !4
g General Electric iee
.. General Meters 13 'a
6 (Jen Meters deb 0"c EO'j
.. Ghdden Ce 14J4
.. Goedrich Jl F . -6 "e
,. Granby'MnlnB 32 'f
.. Gray & Davis t S V
7 Great Northern pf.. 90'a
4 Gr North Ore ctfs.. 41 ?
., Guantanamo Sugar. 12i
. , Gulf States Steel. . , t4
.. Hubirshaw i:itctrle '4
7 Hartman Cerp tSK
.. Hendfe Mfg 22
.. Heu-t'jn Oil 76 Ji
i Hudsen Moter Car. 21 'i
1 Hudd Motorcar 17 5a
. Hvdraulic ssteel.... 0
7 ll.inels Central ....10991
.. 1.1 nels pf wl 112
.. Indlahema Rut 3 94
,. Inspiration Cen Cep 41
., Inter Cen Cep 'H
.. Inter Cen Cerp pf.. 4H
,. Inter Agriculture... 10
.. Inter Agile pf 39J.i
2 4 .Intei-nat Cement... 33 Vi
' In'er Cem line s4 !a
6 Int Harvester new. .1 13
Int Mer .Marine. ... 15
C Int Mer Marine pf. 66 IJ
,. Inter Nickel 17J&
.'. In'i rnat Nickel pf. 01 W
.. Intel-national Paper 59 H
0 Inter Paper Btpd. . . 74
.. Invincible Oil Cerp. 13 H.
'. . Iren Products 32
.. Island Oil Ta
. , Jewel Tt-u 17j;
,. Jewel Tea pf 68
. . Kansus & Gulf 4Vi
.. Kan City Southern. 26
, . Kayser & Ce new. . . 45 94
S Kayser Ce new pf..103Ja
, . Kelly-Springfield . . 45
,, Kennecett Copper. 36 H
.. Keystene T & It... 01j
7 Krs-sge H S 166
Today's
CIope
2214
591
D79i
Nit
Chite.
..
314
H
SaIm
400
500
1400
2900
5200
300
1900
90O
200
200
300
300
2000
400
100
300
600
600
100
200
2G00
500
300
500
100
400
!00
300
1400
100
300
100
100
2S0O
3300
2200
100
6300
1300
100
503
900
800
800
Lew
22
57 ?a
56
11
7716
109 'i
54 U
40 ?
68
47
33
72
58 H
172
125
9
28
6'5
72
110
36':
13
3GH
119
118U
45
107
112!i
6 1
17 li
61 H
97
139
41 'i
BZ'z
I',
60
122 7a
149
148
19
4m
85 H
91 s
32 i
46
53 94
55
102'i
95
114
2 "a
31 'i
22 "8
27
85
124
57 'i
63' i
.. 30 H
24'j
33
76 'i
78H
98
31 'i
115'2
24',
21 l
115
94 "j
136
48'i
7!4
29
10'i
82 U
60
8
142'j
51 ij
6 94
91
42 H
40 1 a
39' i
43'i
60',;
76 lj
11 Vi
19
37
6'2
21
73
31 Ta
48i
86 "a
10..
e-i
22
29j
564
72'i
4
50
62
S8K
C7'2
1222
97s
73
114
4314
95
91 "a
93 '-i
26
95
IS ',4
38''.
4814
21
7514
127
131 n
110
34
4
131 H
821i
76 94
48 Vi
19!
9
E4'4
17 '3
26
86H
96 U
17
53)i
13
21 B
102
63 Te
99
76 U
1799
'2Ta
80'i
I4W
36 la
32 1,
15
89H
40 Ij
12 '4
83
2
3 3,
22
76
20 'i
17 4
8 4
1C9U
112
34
40 4
Hi
4 4
9 4
39 4
33 Vi
23 94
112
14 J4
63 4
174
81 4
584
73 T,
13U
32
17U
67
4 9,
269a
4514
103 Js
43 94
i6'i
t-'A
166
11 -77
94
109 91 -t-54M
47 5'2
41
72
E8 '4 -
172 -
125
9
28
6Ji-
72
110 -37
-13H
37 4-
119'4-f
118'4r
45
107 -114',-i-f-7
17t4-
614
97 4
139 42 -r
6314 4-
h-r,
60
123
149 -148
1914 -f
411i-f
86 -f
4
46
53 94-f
200
100
900
203
1200
100
500
230
2800
300
2100
100
3403
2303
100
6300
1000
200
500
4400
100
533
700
1400
903
100
100
633
1000
103
100
300
2' 203
3900
300
500
1000
200
100
2100
633
300
203
1400
2033
2503
1533
500
800
530
200
100
2700
3230
3000
330
3530
800
1630
1030
203
8933
100
2 J0
100
1703
833
300
6933
1733
103
900
13000
100
6530
1030
70 J
233
133
333
2333
200
200
100
733
220
2000
200
100
100
2030
7930
1700
103
103
5100
1733
2333
833
203
3)3
330
1 1)3
100
eoeo
303
103
630
6330
300
103
100
133
1733
4403
5303
100
1600
700
1030
100
830
4730
100
27JJ
4 30
100
930
1600
330
4J0
833
2j0
100
3630
330
530
3300
1700
100
3200
500
12W
100
603
200
200
1433
1200
400
100
633
12 33
1300
100
55 - H
102 4 4-
95 4- Ta
1144 4- 94
24 ..
32 r :a
22 4- 114
28 4 1
85 vt
1244 4- 4
57 4 - 14
63 'i ..
3394 24
26 4- 1 94
33
77 4 4- 54
-9H- 4
93 - 4
33 4 4- 14
116'4-f 14
254- !4
21 44- h
115 -1- 1
94 4 4- 1 'J
136 4- 4
484- 94
714 ..
29
1044- 4
82 4 4- '.2
60 H 1 94
8 - la
1424 ..
514- 14
6 94- '4
91 4- 14
43 -j- 14
40 4- '2
74 - ',4
394 4- !i
50 4 4- !i
61 4- 1
7634- 4
114
19 - la
37 4 4- 4
8 '4 -i- 14
21 4 4- H
73 4- 1
31
40
87
122
a-r
4-
4- 3
44 4
C44 4
22'4 r
29 4 4
56 4
73 4-
50 J-
62 4.
S-8J4-
67 4-
3
12444-
9'a-
78 -
114 -
45 4.
95 4-
92 -9".
4.
26 a-
93 4.
l-!4 .
3tl34 4.
ga4 ..
21
75'1
127
-
131 34 4.
1104
34 4 4-
1314 4- 94
82 4 . .
76 4 4- 4
48 '4 4. !4
2H4- 194
9 4. ,
84 '4 4. 14
17 4 4- 4
26 4 4- 4
87 J4- 14
97 1- 94
17 4 4- 14
53 4- 34
13 - 4
2194 4
102 - 4
64 Ta 4- 4
99
7614 4- 1
100 4-1
13
ee'i- 15
1414 ..
36 4 4- !i
32 4 - 4
15 - 1-2
89 4 4- 4
41 r 14
12 94- 4
84 4. )
8514 -
4-t
76 4 r
214 r
1744-
9 4-
IO034 4.
112
4 1 y
1 4
4 94 4 4
10 4- 4
39 4 4- 4
33 4 4- 4
24 4 f 1 4
112 4- 4
15
64 4 - 14
17 4 !- 4
81 14- 2
59
74
13 4 f 9b
32
1- 4
1714 - U
67 - 1
4 4 4- !'a
26 4 r Ta
45 4
103 4 9 1 ?a
44 4- H
36 4
0 4 .
166 - 423
Living Costs Come Down In England
Ixinilen, Au.- 17 The Index (Inure for th
coat of Hvlne In the month of July, Juat
announced IT the Iber Ministry, la i aluhty
nn. abeve the pre-war level, a drop of
1 400 000 tempareil
tivl of June
NEW YORK
thre points from har or June, "ine r
ductle&:i Tascrlbed entirely te th hea
dren tSjhW Jf4w of Potatoes Bmplej
Beptemlssr
a laactiBTu
"9Kr"
Dembr
arcn
niv.
Pules in I
fJTCWtf Itlffh
Lew
79 94
89
3114
67
2714
66 ?'a
6933
100
100
100
. . Lackawanna Steel.. 80 94
7 Laclede Gas of St L 89
.. Lake Erie West.. 3114
. . Lake Erie. & West pf 67
,
'
Yi
200
94
H
Ta
14
IK2
2
la
1
2Ji
"l4
la
'i
H
M
9
14
la
"94
Hi
V
14
'i
0700 314 Lehigh Valley.'.'!!!; 6814
,wv , jimn APAs.ni,. .rh
55
17 li
163
133 4
5714
8814
81
102
35 '4
9014
46 1
46 4
9200
100
100
600
300
200
ICO
D200
100
200
' 103
I 100
100
100
1700
900
400
900
300
100
6930
6500
11200
2403
300
.. Loew's Inc 10
12 Lerllhird (Pierre). .163
7 Loulsvllle & Nash..133i'e
.. Mack Truck 574
7 Mack Truck 1st pf . . 88U
7 Mack Tnii k 2d pf . . 81 '4
6 Mackay Ce 102
.. Malllnsen Ce 36 '4
7.Malllnsen r0 pf.... 904
.. Manatl Sugar 46
7 Manhat 11 cv Guar. 464
2 Manhat Sh'rt 3714
C Market St pr pf.... 64
.. Mar St Rwy 2d pf.. 23 14
4 Marland Oil 38
.. Math Alkali 4814
.. Max Moter Class A CO
. . Max Moter Class B 20
8 May Dcpt Stores... 127
7 May rpt Stores pf109
Mclntyre new 20
12 Mexican Petroleum. 175
6 Mcx Seaboard 20 4
6 Mex Seaboard Oil et 17 Ta
2 Mlnml c nnl.
3714
64
2314
37 4
4G4
60
20
126
109
19 4
172 34
194
1714
29 4
1294
35 4
11 ''a
18 4
43
32 4
2214
5714
714
2394
10 34
151
2 4
24
58 4
93'i
103 4
164
74 4
71
98
84 94
96
88 4
31 '4
27
19
11794
77 4
44 4
17
82 94
34 4
10
614
53 Ta
294
6 4
1914
150
1114
64
75
55 4
7514
714
6 4
1 ' 14
464
6 4
92
3094
80
41 4
46 34
12 '4
3
7
42
41 '4
67'4
97
40 4
21 Ta
90
CO 4
'814
42
91 4
1224
504
2914
97
16 '4
77 4
53
35 34
3214
73
92 4
34
48 4
54 94
15 94
30 Tb
34 94
0 94
34
3 4
79a
12
90
11 4
8 34
38';
31
101's
52 4
92 4
26 4
61 4
2014
122 4
107J4
182
11694
S2'4
43 4
49",
17.6 14
64
54
24
1-a
10
47 "0
49
319-4
25 4
2294
124T4
5 4
E0 4
52 14
51 4
14
52
71
19 3.4
14614
77 4
101
38 4
80 4
148
15
30
69
344
7i
CG3
7314
57 44
40 4
102
65 94
40 34
30 4
C8 4
13 4
34
23 4
107J4
124
21 91
it 14
61
01 4
1414
264
25 4
48 94
7 4
15
64
40 94
50 94
9 94
37 94
484
60
20
127
109
20
174
2014
174
2914
13
35 4
1114
10 4
43
324
22 94
5714
714
23 94
104
151
53
234
584
93 4
10314
1694
74 4
72
90 4
84 54
96
C8 4
3114
27
19
117 94
78
45
17
F3 4
344
10
614
53 Ta
2H
6 4
19 4
150
1114
64
76 94
5694
76
714
6 4
1114
46 94
7
92
39
80
41 4
40 4
"Ml 20 Middle stXS Ceri! 13''
3100
1!a
. . .uiuvnie Steel 36
.. Mln & St LeUs new 11 4
.. Me Kan & Tex (wi) 18 4
. . Me Kan & T (wl) pf 43 4
. . Me Kan & Tex 3 aw 32 4
. . Missouri Pacific... 23
. . Me Pacific pf 57 4
3 Mentana Power.... 7114
. . Montgomery Ward. 24 4
. Mether Lede Mining 10 4
7 Nat Biscuit 151
. . Nat Cleak & Suit.. 53
Nat Cen jt. r"ei,i 9 j!
200
2603
900
500
400
930
200
4500
2500
100
200
100
1!'a
"',4
4
H
is
t;
1000
?at : 'at nn Stamp.!! 59'
r i s.at,I:n & Slamp pf 93 4
1(
1200
v .sauenai icad 104J4
.. Nev Cen Copper.... 16 Ta
N V Air Brake 76
C N O Tex & Mex.... 72 4
C N 1 Central 93 4
B N Y C & St L E5
r N Y C & S L 1st pf 96
' -N C & St L 2d pf eB4
. . New Yerk N H & Tl 31 4
2 New Yerk Ont & W 27
.. Norfolk & Southern. 19
. Norfolk & Wcstcrn.117 34
C North American.... 78 9a
3 North Amer pf.... 45
. . North American rts 17
5 Northern Pacific... 83 4
. . Neva Scotia S & C 34 4
. . Nunally Ce 10
. . Otlln TOn.1.. fl. ti, el
200
500
1600
1700
GOO
100
100
333J
500
100
330
1700
303
700
6300
100
100
100
100 24 Ohie Fuel Supply... 53Ta
500 .. ek'a Pred & Ref... 2M
100 .. Ont 3lli. fii r. T.
2103
300
. . Orpheum Circuit... 19 Ta
S Otis Elevator 150
. . Otis Steel 11'4
200
600
-hn.. ""v, SKVi V-UriJ.. V B
" E Pnc Gas & Elcc .
16500 3 P.ieln,, en
77 4
57 'a
4100
1033
200
300
3503
5600
1100
4203
100
600
10703
1700
203
600
100
330
1433
203
2303
6 Pan Amer Petrel
76 4
C Pan Amnr n 71V1
. . Panhandle 6 4
. . Parrtsh & Bingham 1 1 14
2 Pennsylvania R R.. 46 H
. . Penn Seaboard Steel 7J4
5 Peeples Gas Chicago 93 h,
. . Pere Marquette .... 39 !4
B Pere Marq pr or pf 80
3 Philadelphia Ce.... 41 "
2 Phillips Pet 48 34
. . Plerce-Arrew Moter 12 34
. . Plerce-Arrew Met pf 33 '4
INrce OIL.
711
. Pierce Oil pf
2 PiKKly-WlgglyStrs.
G Pitts Ceal
G Pitti Ceal pf
. Pitts .C TV Vn
42
414
67 94
97
41 4
22
914
81
42
4114
67 4
97
41
22
90 '4
81 14
4014
42 '4
92 4
173
50 34
30
98
1 6 14
77 4
53
36
32 4
7414
93 4
3 4
48 9,
4 4
1594
31
344
50 34
3''s
3 4
74
124
9114
11 4
8 94
33'j
11
52 4
92 4
26 94
6194
2014
122 4
107 54
183
116 94
52 4
44 4
54
127
C94
5 4
294
2
104
48
49
3194
25 4
22 4
125 4
6
81 54
52 4
514
14 4
52
T
20
14714
78
102
33 4
83
140
1514
30
70 4
344
84
66 4
73 '4
8 '4
40 4
1024
65 9a
50
30 Ta
72
13
34
23 4
107H
13 '4
22 4
1894
61
2
14 14
27
25 94
49
7 4
154
7
40 94
0 94
9 94
300 14 Pend Creek Ceal'.!
2500 r, Festiim fere-ii
300
4500
200
6833
2103
433
5100
300
500
3500
100
1500
230
3603
700
303
803
. Pressed Steel Car!
. Producer P.ef
40 H
I .
7 Producers & Ref pf. 4214
C Pub Ser Cor of N J 93
S Pullman Ce 123 4
14
4
14 ,
Punta Alegre Sugar 50 34
2 Pure Oil 30'.
S Pure O.l pf 98
. . Ray Cen Copper.. .. 16 4
4 Reading 774
2 Railing 1st pf. ... 53
.. Rcmlrgten Typew.. 3615
. . RepIOK.e Steel 32 4
.. Renub Iren . Steel TA 14
115
Rep Iren & Steel pf 93 4
2 9a
4
. . Republic Meters. .
34
3 Reynolds Teb B.
48 4
55 54
1594
2400 4.13 Royal Dutch N Y. . ,
100 1 St Je'rnli 1.,-nrt.
1'4
1 4
1800 .. St Leuis S.in Prnn
31 34
700 .. St Leu s Southwest. 34 4
300 ., St L Southwest pf.. 50 94
533 .. San Cec Suear
100 . . Saxen Mo'er
400 .. S aboard Air Line..
700 .. Seat, Air Line pf...
2103 .. Sears-Roebuck ...
1030 .. Seneca Cenner ...
3 4
3 4
7 4
12 4
91
114
94
38 '4
3294
200 .. Shatturk Ariz corn..
2'4 MGOlSS'i Shell Transport
20000 2 Sinclair Consel
1 1933 . . Skellv Oil Ce.
11
100 .. Se Perte P. co sugar 52'i
1603 6 Southern Pacluc... 92 4
2900 .. Southern Rail 26 4
1300 .. Southern Rail pf... 614
300 .. Splcer Mfjr 20
100 8 Standard Mil! 1224
2703 4 Standard Oil of CailOSli
600 C Standard Oil of N JI03 4
1000 7 StnndOllef N J pf . . .1 17 4
933 3 Sterling Products.. 52 94
1200 3 Stewart Warner Spd 44 Ta
3400 .. Stromberg C'arb... 5' 4
13730 10 Studebaker 12794
433 .. Sub Beat Cerp .... 6 3-4
100 .. Superior O'l 54
8.0 .. Sweets Ce of Amer. 2 94
230 . . Temt Cern & F "A'
2
933 .. Tenn Cen &. Chem..
1U4
48'4
lQir.3 .1 Trunn Ce.... ...
In 1.1.1 1 Tevrw fin f .C stelm, r,p
933 .. Texas & Pacific... . 32 4
22 jO 1 Texas & Pac C &. O 25 34
333 .. Th rd Ave 224
200 .. Tidewater Oil . ..125 4
2103 C Tobacs-e Products.. 564
7733 .. Tobacco Pred A.... C! x4
330 . . Tel St L & Wis. , , 524
3;0 .. Tel St L & W pf... 51 'e
1300 .. Transcontinental Oil 14 14
103 2 Twin City R T.... 52
1333 6 Union Bag & Paper 72 li
5503 .. Union Oil 21 H
2100 10 En Ien Pacific 147'4
530 4 Union Pacific pf.... 78
333 7 Union Tank Car ..102
ICO 2 United Alley Steel.. 38 4
2703 . . United Drui; C3
400 8 United Fruit 148 4
303 .. United Rwy Invest. H14
?00 .. Unit Rwy Invi st pf 304
20j3 .. United Retnl Stores 70 4
14
4 '
B I
5 iQ .. I- S L- 1 i" .' i'Hy.. Jms
6503 ..US Feed Products
3000 .. U S Ind Alcohol...
533 ..US Realty i. Imp. . .
21 00 ..US Rubber
8 91
67 95
73 4
Jtll
40 4
200 . U S Smelt & P.ef. ,
237 JO t U S Mieei
...1C3
1200 2 Utah Copper
25..0 ., Vanadium Cerp..,
1100 .. Va-Car Chemical.,
1400 .. Va-Car Chem pf.,
luCO .. WabaHh
1'jOJ . . Wabash pf A
100 . . Wabash pf 11. . . .
I.-.-.A r W..tn-n Itlec ni
. 66
. 50
. 31'i
. 71
. 134
. 34 4
. 23 4
.107 4
11030 .. Wt stern Maryland. 13 4
3600 .. W Maryland JU prJ
1430 .. Western Pacific... 18 54
100 ii Western Pacific pf.. 61
6JJ 1 Westing E & M ... C21
1630 .. Wheeling & L K. . 14 4
2100 .. Whemlng A L E pf 27 4
600 2 White liiKle OIL... 25 Ta
700 4 Whlte Moter 49
100 .. Wlittu Oil Cerp ... 74
300 .. Wickwiru Spene Stl 15 4
500 , . Willy Overland .... 7
100 .. Willys Overland pf, 4094
700 -4 Werth Pump & M.. 51
700 1 Wright Aero 994
with L4KS.00O et the
COTTON MARKET
Prey, cloud Open
uciener u, inisu
Drcember 20,72
Januury ........ S0,liO(tn2
March T... 20,0.1(3115
31 III
COFFEE MARKET
Prev. Cleie Onen
21.10
'JO. IH
20.VS
V -.?? 0.3 928
i.Mti - ilS'! 2'1?2
Dacneatle bar i
llrer
aar
,,..,ik,
. .
New-Tork today
-
BROADER TRADING F
IN LOCALMARKET
Electric Storage Battery and
Phila. Electric Issues Reached
New Peak Prices
Today's Nt
Clene Char.
80 94 4- 94
89
3114 4-
67
2714 4-
67 4
5594
1794
163 -
1334
14
14
1
94
194
114
94
1
94
14
1?
14
V2
14
1 -4
14
.74-
8814
Emulating the pace set by the Wg
Heard n number of new high pricM
were recorded' In today's local market.
While some of these can no longer be
considered In the category of purely
local stocks, the sentimental effect was
far-reaching. Trading net only was of
larger volume, but also displayed a
pronounced broadening tendency.
Electric Storage Battery. Philadel
phia Electric Issues. Heading, Lehigh
Vnlley nnd Lehigh Navigation were the
outstanding features and all broke Inte
new high ground. Electric Storage Mat
tery at WV2 established n high record
for all times, being eminl te IDS for the
old stock, and the previous high record
for that Issue was 101, made nearly
twenty-five years age. .
In the anticipation of adjustment of
all differences in the anthracite re
gions nt today's conference was te be
found ample explanation for the
strength of the se-called cooler reeds.
Lehigh Navigation at 77 was within '.
point of the top price of the year.
Lehisli Vallev nt 07-.. was within 4
of its best, nnd Heading nt 7r7i was
at the highest since May.
AUJjeugli satisfactory explanation
wns still lacking the Philadelphia
Electric Issues continued te move quiet
ly ahead with the common making a
new peak for tlie year et 32-.- whlli'
the preferred cstabllilied n new high
record nt 32. The previous high ninrl;
for the lntter was Hlss. , . ..
lleth stocks nre SIT. par. nnd both
pay 8 per cent dividends, tlie common
rate having been increased from te S
per cent per annum with the .Tun'! !
ftuhtirenmnnt. it Is unusual that n pre
81 14
102 364
46 -46
4
37 54
64 N
2314-
194
294
- 4
'
94
14
14
?4
-"'a
- 14
- 94
- 14
14
1
- 94
14
H
- 14
- 114
14
14
14
ferred stock which receives the same div
- 94
14
idend as the common nnd is cenvertiuie
Inte common stock ns in case of Phila
delphia Electric should sell under the
common Meck. T'nder prevailing quota
tions It is possible for nn owner of com
mon stock te convert through the mar
ket into preferred stock, which gives him
ti first call en dividends nnd nt the same
time be in position te convert back into
common, share for share, should pre
ferred stock be called for redemption or
dividend rnte increased en common stock
or any ether rights of value accrue te
bitter'steck. Preferred is redeemable by
H
1
- 14
H
4- 24
!4
- 4
1 T4
t- 14
T4
li
1 company at 25. '1 iiere is twice as much
common outstanding as preierreu, sou, seu,
000.000 nnd Sl.'.OOO.OOO respectively.
The street railway shares continued
te Ing. T. H. T. dipped te 32V4 en
light sales, recovering part of the less
later. I'nien Traction at the same time
shaded under 41. but Philadelphia Trac Trac
Uen was well sustained at 00. Most of
the ether public utility shares showed
nn improving tendency. Substantial
fractional gains weie scored by the
Philadelphia Company shares. Phila
delphia and Western preferred ruled
firm at 111 and 1". (r. I. was trifle
better nt ."2;,s. American Stores while
eccupving a secondary position, con
tinued te regain ground, making a
further recovery te 1 17.
4
- 14
94
1
14
194
- .14
124
32
- 1
74
Philadelphia Stocks
N'ft
Hluh Iiw Clese chge.
10tAllisCh.il r.lfi .'.1 .,4?; s
SOtAllied Ch. 77'-s 77''s. 77's-rl
lOtAm Agri
Chem ... 41 W. 41'.'. 41 '.'.4. .-.
100 Am Hwys l.", 1.1 1,1 - s
.'17.1 Am Strs..l47-. 141 M7K.:iii
2O0tAni Sugar S3s S.', Ml' 1
IOA111 Tel &
Tel ....12.1 12:! 12.'1 is
lOtAtl C L.llf 114 114 -f 1;
letAtin Gulf. :u's :n :n ',
"OK'M -Ss St P
pref ... 4!H 4111; 4ni;e. 1.',
2.1 Cesilen.. -1.1 4.1 4.1 -T-l'i
.lOtCrucI Stl. 02''. jr."'. 02"... '
110 Cen True - - - .
N .1 .... .11 .11 .11 4-1
.'." Elec Ster. 111'.'. 4sa; 4!) 4. a:
110Gen Mtrs l.'i l.' i:j .. '
20-IIiulsnn M 21 21 -'ts 21 - L.
i.'U in Ce N a :vi ::m.. :ia' 1"
.IOU11 Mer M 11, II"; 14"f, i
.liirlnvln Oil Pi's i:t'-s 1 , x
100 Lake Sup, ill. , jn; in.', is
12 I. eli Nnv . 77 " 77 77 "x ',..
31.1 I.eh Vel.. (!7'-.. liipij r,-t.',X2yj
l.lOfl.ecws Inc 177s 177,s 17TCX i
20tMc S Oil 10 Ift 1!) ris
30tM Stn Oil 13 12'tfc lit x i.
(lOtMldvale.. 3.1 3.1 'i, 3.V''sx 14
10tN Y N II T "
fc II.... 31 U, niV. 31',. i',
lOOtOntar SII 0 ftTs (tfZ. d
lOtPne Oil., niiai fitl-v. fiCrKXlSS
lOtPan-APet 7.1K 7.1U 7.1V. -li
G7H Ppiiiiii U It 407; 4(n;-, .j(7x 'j
17 Pcnnn Suit 70V. 711', 70V. 1'A
20tPennnSbd " r-1'-
Stei'l .... 7 7 7 ..
200 Phila Ce .1
per cent .'H :t2"'s 32r'i,X 1:
2.'l.1 de cum pf -ll's -11 -111, X is
1202 Phila Elec .'12.. :t2 :ri'..JL 1 ,
3111 de pief.. nji; :n t .t.m-x :,;
2.1 Phil Ins W 37 37 37 '
7.1S P It T... 32' i .'I2W. :i2i. ',
is Phila True (!i! 4 00 004-t- 1 ',
00 Phila & W ,,T ,J
pref 31 31 31 ..
llOtPhilps Pet isa; .JM -lMxia'
.lOtPierce-Ar HT ''
pref ... 32 's 32 ' 32 K ;
20tHeadlng.. 77' 77''t 77X K
lOMtjl I Hiii-h ."'', .I.I', 3r,ti4-14
20tSt ImVS '1X '
Iiref ... ,107s .107 ,1et; 1.
OOtSiuclair. . 32'i .'II aj 32'i-T.l
.".ittStudebkr.l2TM 12(U; 120x r.
2.1iT-x & Pac 32',, 32'i. 32' 1;
20Ti'xns Pac
C s O... 2.1 -'m 2.1 -)s 2"is li;
2.1. Union OH 0(1 2e'is 2easl
1-Hi I'lilenTriic 11 1(17 4(7; 1;
n.i r i; 1" .. .12-1; .12 .vj. a;
120 de pref . .1,1 ,1,1 -,-,
.IlltWiib.isli
pief A.. 31'1; 31 a; 3)a;x i-,
dllW'estlllglls,.
E & M. 01 0 01 a (li a. ,,
100 W .1 & S 37 37 37 1
Vt
14
4- u
94
4- Ta
Hi
94
194
4
H
114
54
"'4
14
54
4. i.i
4
4
li
94
1
54
Ta
- 4
4
U
1 'a
154
"a
H
ti
"94
r 94
- la
-p 4
14
94
194
- 14
I- 1 14
'a
v 14
r li
214
t.Net ihanve nm.le by cemparlum with lHt
anle en N y.irk titeUt Ilxth.ini.'f.
Tital tulcf 7,ts,i ji-ni,, rmmrl ih
J0"0"LU' l'"riJ,l'- Thus far tlilu wei-k,
I'llll.VDIlI.rillA IIONDS
2.10 I.ibeity 1st 4",s '17....100.!m
100 I.lh. ily 2d l'ts '12..,. 1(1(1. .Ill
2.1(1 I.lberu 2d 4,si'l2 1(10.30
3(Hl Liberty -2d l',s ' 12. . . . loe 32
100 Libert v 3d 44s "2s. .. .100.3 j
100 l.lhei'tj 3d l'is '2s reg..1oe,lo
riOO.I.ihei'ly 3d 4 ', s '2s, 100.40
2000 l.lbei'H Ith 4'4s 3S 101
1000 I.itcriy 4th 4111s' 3S 101. p.'
100 Liberty 4th 4",s '3S 10(1. DO
2IMI Llherty lib 1'is 3S.... nn. in
11.10 Liberty 4th 4'is '3S. . . . )ei ,(i'
100 Victory 4!lis. callid loe.L'i!
14
1
94
4
9a
2t:
300 Victory -a,s (M IH
20(1 Victory ia',N 100,22
100 Victory !. '23 100. il"
.1000 Chectuw Okhi ,w (i ,1s '.111 i)7i
1000 Cen Trac New .Ter ,1s. . . SI
1000 Luke Sup luc .Is 3,-,
2000 Pciuia general 4'h '0,1.. IH'S
1000 Phila Electric 1st .Is.... 100'.
3.100 Phila Electric 1st .Is.... 10liZ
1000 Phila Electric 1st fin.... mi
10200 Phljn Electric 1st is..... 100
1000 Phila Electric. fln...... 10.1
300Plill Eh-ctrle (l....... 10IIV,
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INTEGRITY:
Uprifhlntit of character and seunintn mtral printifilt.
Ntw Standard Dlctttnarj
INTEGRITY
Cnlm in years of business uncertainty
Firm in adhering te conservative peli-
cies-
True te its responsibility for the prop
erty of ethers
That is the heritage with which Provi
dent Trust Company of Philadelphia is
continuing the business of an institution
founded fifty-seven years age en the
bed-rock of uncompromising integrity.
We pledge ourselves te upheld unwaver
ingly this high inheritance. We invite
you te consult us en any phase of De
posit, Safe-Deposit, and Trust business.
PROVIDENT
TRUST COMPANY
OF PHILADELPHIA
Fourth and Chestnut Streets
(Successor te the Deposit, Safe-Deposit, and Trust
Departments 0 tne rrevtaeni . ana
Trust Company of I'Mladeipmaj
We own and offer
$150,000
General Refracteries Company
First Mortgage 6 Sinking Fund Geld Bends 1952
These Bends are a first mortgage en the real
estate, plant, equipment and assets of the Com
pany. The Company operates manufacturing plants
in Pennsylvania, Kentucky and Illinois.
Net assets $16,350,592 or mere than four times
entire bended debt of $4,000,000.
Earnings ever past six years average six times
interest requirements.
Sinking Fund sufficient te retire entire issue.
Price at market te yield about 6.10
Free et Pennaylvanla State Tan
SCHIBENER.BOENNING & CO.
Investment Donds
1615 Walnut Street Philadelphia
Members Philadelphia Stock Exchange
Dell, Lecuat 7460
Jesse L. Livermere
The most successful stock market
operator of recent years, tells in an in
terview in the August 19th number of
(Out Today)
WHAT he think of th market
HOW te fereaee market meTementa
WHEN te buy or aell aecuritiea
WHY haphazard methods de net pay
WHA.T method lead te profits and
HOW te find inveatmenta that ara
idling under actual value
This is the most important and unusual interview
ever given by any market student and it is the first
time that any stock market leader has Riven the
public an insiKht into his own methods or set ferjh
the lessens gleaned out of his own experience.
Ne investor, no trader can afford te miss this inter
view. GET IT TODAV.
At principal newsstands 35 cents per copy ,
OR USE THIS COUPON
The Maraalne et Wall St., 42 Dreadway, N. Y.
1 encle.e II. Send ma th next (our iiiuci tt ginning wlih Auut 1.
Kama
. ., ,
A"t""1 City
I'-S 17
!jimiM
$50,000
NEW ENGLAND POWER COMPANY
Firat Mertgage Si, due July, 19S1
Una of the atrengeit and belt known Hydro Electric CemPi la
the country.
Pennaylvanla State Tax Refundrd
ARTHUR PERRY & CO.
BOSTON
M ., , e Inwetmmnt Mende
W
"TiT
Keyateaa, 3200
i-'t ly tt BwUk.
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