ulA..
LiV,
1 1 --
I t
EVENING PUBLIC LEDGER PHIL'ADEIiPHIA, THURsbAY, AUGUST 17, 1922
21
NEW YORK BOND TRANSACTIONS
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IMtO
H.04
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If;''
15 no
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OI.fi"
0O-'
Hi ej
en j;
01.52
oe i;
00 80
nunc- -Inc. D-te
Flail.
Mv 'i
Auir,
July
July
July
July
July
juiv
JulV
Juiv
July
juiv
July
Juiv
IS
I. '21
!. 'if-'
.'.1. '.'-
24. 5-'
2.1. '2J
14. '22
2(1. '11
24, '22
24, '!!
21. ii
2ft. '22
21. '22
7. "!
Ii.lv 211. '2-'
Mnr 20. '2J
Apr. 8. '22
I.mv
mi en
180.14
K.I IIO
KH.fin
81,40
si. r
no oe
84 en
81,00
8t.40
M r.n
ki no
8J 44
8.' 44
82.00
04,70
114. IIS
of I-iius
l)ni
Jun 2, 21
July 11, '21
Mny in, '20
May IP. '20
May 20, '20
Mav 21, '20
June 4, '20
May 21, '20
Juiv 30, '20
May 20, '20
l-c. 21, '.'0
Im 20, '20
May Id. '20
May 20, '20
liny 20,' 20
May 20, '20
Slay 21, '20
LIBERTY DONDS AND VICTORY NOTES
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101,04
iei, ns
ioi,ne
ion, no
100,114
i02.ne
101. 7M
101 40
101.00
100 80
let no
100.80
ini.Rft
1nt.ni
loe.im
ino.eo
i'i
l.mv
04.84
114 82
01.70
97,80
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ni.ne
08 en
no oe
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nn.ns
mi 7i
ni 72
ni no
m 70
ino.ej
tw.84
f.lh-rty AH-, 1M2.47
Liberty 34 . rcKlatrrrl
J.llMrty 1-t cv 4a 1U32-47 ....
I.jlirrty lat cv 4 rr-l-trrnl. . . .
Liberty S1 4a 1027-42
I.lh-Tty 2d 4 rutl-i-rd
I.bfrty lat 2d cv4.-, 1032-47
I.lterty lat cv 4'4, tut
.Liberty let cv Hi a. 1012.4 ..
I.jliertv 2d cv 4'ia, 11127-42 ...
Liberty 2d cv 4 a. r-K
I.llwrtv 3d 4'ia 1028 ...,t....
L berty 31 4'i iu rec
I.berty4th 4' a, 1H13-3H ....
Ll'ierty 4th 41-, red
Victory 4. 1DJ2-23
Mctury 4". s reglmered
ltl-h
l6n.7fl
101.12
ine'ii
me an
100 .14
ne,3n
101,20
101.01
100 S2
100.70
V.::
mVii
1f0 4S
100 3(1
100, 48
inf. 3d
101,12
iei, n
100 70
210 Net
I'. At. ChRO.
100.72 ..
InV.i.
inn" k
ine 3rt
lne.10
me an
101.12
101 01
100 7S ,
(HALIIS IN- llone
FOIIKION II0M4
tf tf'jl
1 ... 1""T
1 . . I0T4
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1.... I00"
1.... len-
1. .. me
lt. ef vttstn
t.... 109
City nerd x fi
ll ";,
7(i-1- '"
1..... t"
r ChrlV" H
1.... w
Cltr of rnp'n
tifcn -H,
1 01 '
I..... 0
1 0'-
Sly Liens On
I KJMl
1 824
B 82;
I.... 82
1 ... 81 .
(l 81s
1 .... 82
19. .. M'S
cltr Mtra'a (I-
I "-'
0 82'S
1 .... M.
7(ilf) "l.
1 u
city of Mente-
video 71
m'i
Rie de J-
Mrie ct 8-
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1.
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1... . no
J. . 99 'i
I... 100
ICtty of Sels-
(eni Os
i . . 8P.
ICiKhe Slovak
Rjp'c Ss wl
4
H.-.V4
10 ti.n
2 - 14
2 1)14
Dutch H Ind'a
rcta '62
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1 ....
1
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nsw
08 4
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118 S
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98 ,
118 .
ns-i
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084
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100
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100s
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1004
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1 04 4
2 01
1 04 1
Jap Cnve't 2d
n .... OTi
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8 .... P4
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vi
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9'l'
ID Canada '20
I" . 10JS
.. 1021,
1 . 10211
inri!
10 inA I
Canada '"1 I
7I
li'i
7fli,
70H
70',
70U
70 4
7,
." 704
K JUlBluni rti
2 Ol'i
1 li'i ,
2. ... ft'!'
K IlelB'm
1014
104i,
101
1Hi
1044
ini
K bcivluii "'
1
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VS.
1 ..
1 ..
1..
14 8"
Pracue ct 74 a
2 824
2 81
1 ... 824
4 fflftt) 824
n 824
Queen-land Os
1.... 103
1.... 102i
1 . . . . f 03
Queensland 7a
(.( Ill
(I.... Ill
3. .. 1124
... Ill
Republle Dell,
via 8a wl
1 074,
7(ti-le 074
1....
1....
4....
1....
1....
1....
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1)8
07i
n-i
07H
ns
07
20
1.... 102
4 ... 101 T
Hep Chile Ml
1.... 103U
1.... 1034
1.... inn,
1. .. 102
T(nnle) le.'"
1. .. 1034
4 ... 1034
Rep Cuba 44 a
0 814
Re'c of Uru
nuay 8a
1.... 1014
1.... 1014
State IUe O'e
l)u Sel 8
1 no
3 nn;
State of Sm
rnule ct 8-
1 1004
5 101H
Pe l'orte R S
7 rcta
1 1024
1 ... 102
V K Ort tlrlt
A I'd 1922
10.
IS.
tl.
1.
1.
7.
24
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110
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110
110
110
1104
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21 .
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1)04
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.. 074
.. 08
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.. 074
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4...
CM
A Alt 34i
1 M'i
1 r,2
1 M4
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8 r2
1 .114
t .... r.14
2 r.14
1 .114
Chl II & Q mn
10 (.... nei
1 nn4
20... , in
... . 01
CM n . Q neb
20 00
Chl Hurl & 11
11 34 a
R(eale) 824
Chl II & O Ss
.... 101
I.... 1014
1.... 101
C E I 6- Ml
1.
1.
31.
1..
1 .
1..
20..
4..
3 .
1..
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1 .
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1034
103
1034
1044
1034
1034
Kingdom Den
Murk e- wl
1 .... HI) 4
1 . Ill
O(Aile) no
10 , .. nn
IC.icdem Den
mrk ct 8s
1 1104
8
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8....
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1.... 110
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3.... 1014
1 11114
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101 1
834
83
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83
81
83
83
84
84
81
84
81
814
81 4
III rts
ion 4
a w 4s
. . no
. . no 4
Chl Mil & 1'it
Sound 4s
20 74
O(aale) 74
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4
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83
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84 4
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ChlrnBO Mil &
MP cv 44 a
1.
r.
a.
1.
11.
1.
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02
02
01
014
PI 4
O(sale) 014
J 01
1 01
cub 1 It ltd
1 84
Cuba nit 74 a
1.... inn
D & Hud .14 a
2...'. 102
Del & Hud 7-
I.... 110
Den ft It It H
2 404
1 4fl:
Den & It U la
13 78
0 78
D A II U 44 a
3 82
Det Kdl Ce ns
1.... 104
Det U R 44"
1 824
Distil Security
Cerp ns
2 .... (J
D de Nemours
rwilr 74 a
1.... 107
Dil't I.lchl ns
1 ... 103
1.... 1034
2 101
1.... 1014
1.... 1044
Empire (las 4
Fuel 74 s
n .... ns4
(! 034
Krie Uenl I. ten
2 M'i
1 ..n4
Krln IIR cv A
1 .134
Krle R lat en
1.... 1004
1.... 107
Hrle nR Ce 4n
10 08i
risk Riib'r Ce
8s rcta
n.. ..
4. ..
1 ...
1....
inn
ion
10114
1im
102
I'ram'n Indust
Dev 74 a
1
1.
1..
1..
1
1
20
1
n(aale)
1
II
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e
i '. ', '' '. '.
12 ....
17 . ..
in
3
1... .
1 ...'.
3
Chlcasn Mil
Stl' fd 44
... n74
. .
73 '4
734
734
73 4
734
734
734
73 4
734
73 4
.71
714
73
7.14
7,1
7.14
71
73
734
7.1
73 4
1.
1.
1..
1..
4
n
T(eile) 1I)'I4
U H Mexico 4s
(1 4.
Ii 41
4 41
U S Mexico 11
r. .... B74
I r.74
lii r.7
neMKSTir iuimis
! nubr M,A''li T . S lVIIell Telephone
i'"'- Aria Dl 4 4a
Cld M 44 ai 2(Miile) i4
2 . Ml, 1 ' iin.
m'n Asr'i A Atch Tltn
Cheni 74 a , II Mt Dlv 4s
10f,
2 ... lu
, - 11
Iracrle n Smll
Rf s .1,
1 , (114
Ksiile) (I',-,
1 ... H1
J ... 01
1 '11
American fus
Refl- fis
1 103. ,
... Iii3
ldlle) 1014
1.... 1034
' . Hill,
.. 1034
0. . iiiii
-. " 4
T T ell
nil.
1 ... 82T4
II .. 834
A Tranacentl'l
Short L 4-
2H . . 87 4
A Cuast I. clt
B .. . IU
2 .... 0.1
Atl'c l'rull 7s
II .... 3D
Atlantle Itef'i
fin wl
1134
014
111 1,
01
014
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11,1 4
1111
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rlt 1' 11,
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vilits W 0,
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01
00
en
084
lief K
101
2 . . 1034
3. 1 103
Halt . Ohie cv
1.
n
Atlantic
el 4i
20.. .
80 4
8(14
Ml 4
8(1
Ml',
81
81
81
81
81 4
814
M4
814
l-np
I
4... '
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"" sm l
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''Jeur 44 a
1 B Fa 4s
V". 02
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Iff. ua
IT(nv:
4)f '6.1
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1 Mil
lninnlHi M)i
Halt &. O 34a
a .... 01
8 .... 01
8 .... 111
mit & Ohie 4
1 8.4
" 8.14
-" 8.14
.1 h04
Il.ill t. Uhlu .'.
1 80
3 ... .811
2 811
1 . .. hlH,
Rait L Ohie Gs
2 .. 102
te ... 102
102
10J
10J
1014
101
101
101
II Si O I I, K
4 W Va 4"
1.. .. h.'U
Halt tt Ohie b
W'n 3 4a
4 in
2.1 .... 034
.' 01
D . O Tel 4s
1 ..70
0 ... 71
D meet u 30
1 03
111..!.. 03
..,,. 113 H
Betft BimI (is
1.... 100V
1..'.. 1014
9..., 1004
of I'a 7a
1 ,.. 1084
'-.... 1081,
lleih Steel M
1 ... mi
Dkn i:JI Ce ,1a
2 07
2 ... 7
1 07
07
1 7a
SJ4
n7 4
(17 4
n74
(17
n7
2 n74
ChlciRii Mil &
St V cv ,',a
1 774
1 774
C S. Nvsn .I4
1. . . 74
10 .... 774
3 .... 774
Chknsn Hull-
wiijs fis
1 82
1 824
C It I & T fd
20.,
1.,
10 .
20 .
no.,
1..
20 ,
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81
83 4
834
81
83
83
83 4
m 83 4
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nv
nn
nn,
01
en
014
nn
rrnnclae Sueu
74a wl
Ii ... inni,
1 ... inni.
rial K & 11 ns
3 8S4
Gerie'l Elec Os
1.... 1174
1..., in74
Clcn'ce Rlv (Is
3 03
H F (Inedrlch
Ce 04a rit1
2 --in2
2 ... 101
101
in2
102
101 1,
101
102
102
10.M
1021
1021
1024
n...
1...
1...
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ni
no
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0.1
01
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nr.
0.1
Int'l Tap Ii ns
1..
1
88
884
884
88
88
884
8S
Iowa cent' I 4 a
.. v..
n...
10 ..
2
ii!!'.
n.. .
n...
3..
1.
4.14
in
40
l 3 411
1 in
Julius Kayser
& Ce 7s rcta
1.... 1U
Kan C Ft a A
Memp 4s
7 81
12 814
II 814
Kan
1.
1
c &
82
S .Is
024
02
112 4
nj
02
024
02
Geed) car T fc
Ituu'r '31
1. .. 100
2 ... 100 4
.1.... 1004
.1 ... le4
1 100
1 ion
3.. 100
2 ... toot,
2. . 100 4
2 ... 100
2 . .. 1O0
floedjenr T i.
Hub'r '41
2
1....
4
I....
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11.1
11.1
114
11.1
II
Ornnb C Ml'e
S . I' 8s
1 ... ion
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I ine
Gr'd Trunk of
( an lis nts
2 ini,
1 104
1 ... 101
O Hay i. W b
.1 .... 134
2 134
2 13
1 13
1 13
Great Knitti'n
Jtl '4 a
1.
10..
103
103
103 4
1034
10d
1011
Chlcnue I'nlen 3.... 1031,
Sta 44a 1 .. mi4
034 21 . . 1034
Dkn Jtup
1
n Itnp T ct 7a
1 . , 82
Dkn L' Una 7a
r...., 111
Ruffile Ilnrh'r
. I'ltt 44a
8 H3 4
2 ... 014
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2 .... 034
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1..
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10..
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1..
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1.
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1024
101
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1024
102 4
1024
10.'
1024
in3
Canadian N 7a
2 ... 1124
1.... 1124
1.... 1124
Cana'n l'ac 41
2.
10.,
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13..
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80
80
80
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Chl
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Ml
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8
Chl
3
Chile C'ep'r da
18 03
n. ... 03
.1 .. . 01
S .. . 934
Chlle CVp'r 7s
4 ... 10.1
Cln Ua- fi'-JH
1 984
1 .... 08
2 ,08 4
Cln Sandusky
Si Clee .la
1 . .00
Cl'd (.In Chl &
Si 1, Mil 4,
20 814
C'l'd Cln Chl &
St Leuis Ha
(.2. . . 102
1. .. 1nl
10J
2 102
C u U 4 Si L
Carle 4s
2 II
CImpI'iI I'nlen
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n..
0 .
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1
11 .
Cole
K C T Illv 4a
1 sn
Kellv Sprlnit'd
Tire 8a
1 ... 108
1 ... 108
Leck Steel MO
1 01
1 01
1 01
r. 01
L n & XV tats
1 014
Like Shere M
S'n 4a '28
I .... 014
1.. 014
Lake Shero M
S'n 4 '31
1 03
2.1 . . 03
8 111
10 ... 01
L Val cir 14 a
1 . . no
I. A. Ml era .la
. 1004
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3 814
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4 . . 81
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llle .14 a
1.... ions
La A N W .la
r. 734
1 73
1 73
1 . . 73
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L Dlv ,3s
1 mil.
Mnnall Sugar
Ce 74 a
.1 .... 0S4
Man Llev'rt la
le ... 20
Manitoba S W
CelU Ba '40
1 00
Market St Illy
S Fran 1st
0 SO
1 80 4
.1 .... 81)
7(Halel na
1 ..80
M Oil ct 74 f
110
110
Mex Tetr'tn Rh
1 . 10.1
1... 101
Mlfh IT I il 4-
21 . . 0,14
Mich S Tel f.s
1 ... 118
Mid S 4 Or As
80
no
no
III)
no
no
22..
100..
2.,
no..
23..
2.1..
1..
12..
10..
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4 .
13..
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no .
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07
OS
01
074
074
08
OS
08
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IIR
ns
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10S
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ins
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, ion
N T Cennect'B
Rda 44 a
2 ... 021
N Y Edl'n Ce
04a rets
1.... 1124
I ... Ii:
N Tit I.lchl 11
& rwr-4s
1 S3'
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II 4fl 57
1. . . .12",
New Y N H 4
Mart'd Os
I
82
82
82
82V
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821
821
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4 ...
8 ...
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r
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411
4n4
M Stl ft S Sta
Marie Ss
1 . 1014
10 ... 101
He Kim i. Tex
nj wl
1
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1 ....
1
New Yerk O tt
west'n 4 a
3 .... in
N Yerk State
illy 44 s
2 B74
n .... i;i,
N Y Tele 4 4a
2 .... 01
2 01
N Y Tele'e '41
2 ... tnn
2.... 1004
1 10(1
N Y Tele'e '40
2.... 1074
3... 1074
10 . I0il
N Tall- V I.
1 ... 104
.1 . . 104
Norfolk tt Wn
cv 6a
n nn
N A lMI'n Ce
Oa rets
.3
1
n
7
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1 13 1
. ratine R 4s
02
02
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02
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M.. .. 314
Peoria A i: let
" 814
1.. .. 8J4
ree liaa Llgjit
It coal 8s
1 04
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tt Ceal Ha
7 ... 10.1
Pere .Mnr'it Is
n 81
Pere Mnrnt fis
1 O84
1.... ns4
1 08
Phlla Cnlv fd
1.... 1004
4.... 1004
1.... 1011,
1.... 101
1.... 101
Plerce Oil 8s
2 0.1 4
Pllt Cln Chl &
St L a Ss
1 00
Pub Serv Cerp
N Jay Ss
2 814
n 814
1 no
n se
Punta Allegre
Sua; Ce 7a
2.... 100
Reading Ce 4s
4..
4..
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8.1
80
81
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Ct'l Cel 4
1. ... sn
Rem Arms 1.1
1 014
3 044
Rep'c I 4 S .la
1 80
Rich Mack-
lenbure 4
1 1H
P.le Grande &
W'n clt 4
1 nsn
Reck H'd A A
Leu'a 44 a
2 814
n 84
St L I'n Mt 4
S'n Rl 4a
10 884
St 1. Rky M 4
Phe It ns
30 814
St L I Mt 4 3
R 4 a dlv 4s
n. ... 844
10 844
3 ... 84 4
1.. .. 83
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n.34
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00 4
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nn 4
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no 4
in 4
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Calif 7s
1
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. . 103
. . 1024
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.?-102n
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102
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I Oil of
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811
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n84
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ns 4
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2 .... 118 4
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N Pacific II lis
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se
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M Kan 4 Tex
4a wl
8. ... 71
M IC 4 T ct Ss
1 81
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XIe Kan & Tex
Os wl
2 . Kill
I . . 1034
Ore it Nerth'n
Hull y 7a 7 i(l
1.... Ill S .... 07
1 111 2 .... en
1 ... 1114 ' 904
1 111 20 (.7
1 ... 1114 1 07
Hnvnna II Let M K 4 T ct 4"
A 1'v.r Oa S 71
,1 81 Me Kan 4 Tex
Huland.Ajn'n 0 wl
Line Ha 1 ... 81
3 .... 80 4 Me PariOe 4a
Hmk Val 44 a 7 17 4
8S n .... (17
Hul 4 Man fd H .... 07
l.... 85 4 174
1... .. 81 1 174
2. .. 81 12 174
Hud 4 Man In S2 ... 07
1 111 n.. .. (17
0. ... 114 4 Me Pnc Sb '111
Id .114 1 . .80
Iluinbla oil &1M0 Pncfie (la
. 108
. 100
. ines
. 1011
. 1H04
. l(i'i
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1'wr Si
.. 03
.. 02
.. 024
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03
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1..
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1.
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Rell Tel 7s
1.... 107
2.... 1074
Ore 4 Calif Sa
4.... 100
Orcrren S L 4a
3S 034
1 .... 111
in .... 113
2 ni
8,. .. Ill
OrcKen S Line
fru ir'd Ss
3.... 1014
10 1014
Ore-W R It 4
Nav co 4a
814
81
83
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83
71
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1.
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1 .. . os
I'c'l of Oa Oa
2 . 1004
Ctl Leather Ss
I... . 07
Cent'l Tnc 1st
JO .... 0014
1 004
2 .. . 00
2(s.ile) 110
Cere de Pas'e
Cep'r 8a
2.... 121
2.... 12.1
1 ... 12.1
1.... 124
II.... 12.1
a 12.14
Ches tt O 44 a
1 811 4
(ale) 80 "
IX... 80
It. A. 801,
Cole
1 .
1..
101
10.1
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1014
1014
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d 44a
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1 014
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Klee 1st
1 .... 0.1
1. 014
Columbia (I 4
i;ic(i 1st -I'd
3 ... (Ml
Cen'd Ceal Ce
of Md Ss
17 ... 00
8 00
3 004
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1 .. 10(1
1 ... 10(1
Cuba C'a 8 cv
.".(Hale) 00
1 804
0 nHtt
2 00
Cuba C' t)u
8a U'd
10 VH
Itef ,14 a wl
100
Ilia Cen 4 '.'
1 82
Ills Cen 4a 'S3
4 81
1. 814
Ills Cntl S4h
1.... 1011
Ills Cntl 04
.1 ... Ill',
III Cent'l St L
Dlv 3 4 a
1 704
Ilia Sleel 44"
1 . IM4
10 . 034
Inlb'e R T fd
n .... r,04
21
O'l
mi
(111
1.114
1111
(10
O'l 4
Intbore Rapid
Trim 7a wl
(fne) n:.4
7(nle) 0,1
2 ... 11(1
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N'n a wl
n .... ni
10.
1.1
2.1
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N'n it Ss
S 11
I M Marina fli
2.,... 9.14
1..,.. 9.14
10 R5V
1...,. 8n4
K ... 1014
1 . mil,
Mn Pnu 3d cxt
1 ... 814
Ment'a Pwr Ss
21 08
Mentr'l Tram
ways 6a
1 88
Merris 4 Cem
pany 44 a
1.. .. 80
N'altenul Tuba
Oci ct Sa
2 (aae) I0O4
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Ce Sa wl
n
1
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2 1134
rae Power M
St L A 8 Fran
Series A
11 734
1 73
1 74
1 73
2 . 73
St L A S Fran
Series B
2 . .. 874
2 874
20 . SS
St L 4 S Fran
Serlea C
2.... 1004
St L 4 S Fiau
3 4 1 w 1
2 04
Sw'n en
. .. 2S
Sw'n 2d
. .. 70 ,
... 70
St L Sew'11 Ss
1 814
I.. . 814
St P'l g. K C
H L 4i'j a
3 si'.
S14
SI
81
81
81
, 84 4
84
. 81
814
84 4
844
8,1
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84 4
84
S3
Ce 7s
100
100
1 100
2,. , 1004
7(aalc) 1004
San Antonie A
A P Rly 4a
rit L
10..
St L
n. .
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1. ...
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S
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ll
mi
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118
New Or'a 4 N
Il 11 4 4a
3 .... 84
10 . . S.l
8 . 8,1
N Or'a 4 T la
1 , . , 80
New Or Tex 4
Mexlie Sa
4 . .. 714
2 714
N Y ct'l 34s
.. 09
N Y Cent'l 4a
n .01
N Y Cl'l 44 a
fi 88
8 884
N Y Cent'l ss
1..... 084
2 084
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4
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Sscts
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ill
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111
Eh bled II 8s
2 .. . US 4
3 . . 0S
2 . 08 4
Sinclair C Oil
Crp 7s rets
inn
mm,
10114
101
inn
ion
10(14
Sleel Tube Ce
of Am'R 7a
1 let
Tex & Tac lat
10. ... nH4
1. ml 4
Tidewater Oil
Ce t 114 a
.1.... 103
Third Ave a
3 I'.l
1 ni
n 114
s.. .. Ill
1.. . ni4
Third Ae 4a
10 81
Tobacco Pred.
ucta C 7a
2 .. 107
2.... lnilij
I... inn',
Tel LMIsnn 7s
1 ... 10714
Union tlii 4
Pnp Oa
3 004
1 O'l (
2 .... 01
2 .. . Din,
Union Pac cv
.1 n.4
Union Par fd
2 88
10 8S4
4 8R
3 . . ., 8H
4 .. ss
Union r.ic 41
4"... 01
Unt'.l Fuel A
Gaa Os
2. .. 07 4
Union Par lis
3 1044
1... 101
U Tnnk-C 7a
2 1034
1 103
it'nt'd Druir Rs
1 ... Ill
1 1114
U S Hetf Met)
Cemp'y Ss
.1 ... 190
2. . ini
U H Hubb'r .Is
00
1.04
1104
004
00',
no 4
no 4
004
1104
2 004
1 00 4
U 8 Hubb'r 7a
2.... 10S4
U S Rub 74s
1 10S4
IT S Smlt It 4
Mln'e ns
1 ... 101
10. . 102
U'd S Sleel Ss
0 ... 101
1.. let
Utah P 4 L is
1 02
H 024
4 n.'i.
Va-c Chm 1st
3.... 1004
12.... 1004
1.... 1004
Vn-C Ch ct 7s
1 084
1 (184
2 ni
1 04
.1 0K
in ... ns
s .... 'IS 4
Va-c Ch 74a
.1.... 1014
1 10.14
Va-C Chem cv
war'd 74 a
1 n S
2 .... IIS 4
Va Ilwy Ce Ss
2.. .. 074
1
Wnb mh
1
NEWS FUR INVESTORS
in .
1 .
4..
10..
1..
3..
s. .
1.1
Thr Hnnk of EiiRlnnd'H minimum rote
of discount remained uiicliiiiiRcd nt It
per cent tedny.
('niiffrildntcrf ClRnr Cnrporntlen June
net pitrningH were $150,000, nftcr nil
dediutleiiH and rlinrRfi, Including tnx,
fiRiilnst $20,(100 In June. "021.
fiermnn innrks were quoted In T.ontlen
tedn at 1780 te (lie pound sterling, n
new low, record, nnd reiiipiirlnu lth
1700 te the pound sterling .08terdny.
The t'nlen Oil Company of Dela Dela
wnre will offer stockholders 1,111,000
shares of Shell Union Oil Corporation
(eininnii stork ul $12 11 shore te pay
off limilt leans.
The inernge price of the twenty
nrtlve liiduMrinls advanced 0 ill per
cent .Tt'iterday te 07.41,' while the
twenty railroads advanced 0.8;i per
cent te 811.84. ,
The American Cyanamlil Company
for the car ended .Tunc 30 reports net
Income of $107,0!!2 nftcr charges nnd
Fedeml taxes, compared with net In
(nine of $.114,110 the previous jenr.
The Central National Hank has been
niitlierii-rd ly the Comptroller of the
Ciirrcncj e open an nddltlennl eflice nt
llientl street nnd (llenwoed avenue, op
posite the North 'Philadelphia station.
A speclnl meeting of stockholders of
the fSrcat Western Sugar Company will
he held nt llalnlield. N. .1., September
21, te vote unpen proposal te reduce
the par alue of common shares from
$100 te $2.".
Interest pajments en the public debt
for the first twelve dais of August were
$12,8118.201. against $7,472,022 for the
same period Inst year, nnd for the tlscal
ear te date S11.817.3SS, against $51,.
.1211.51(17 last year.
The Anicrlc'tu Locomotive .Company
received 1111 order from the I'lilen I'ncille
s.istem for lifty-flvp mountain tpe
locomotives, each weighing .11.1, 000
pounds, and ten Mnllctt tjpe locomo
tives, each weighing 40.1,000 pounds.
Stockholders of the Oxford Ilnnk. of
Prnnkferd, at a special meeting jester
dnv authorized the dlrecteis te convert
that instiyfitien into the Oxford Ilnnk
and Triis Company. Deposits were
reported le have 1 cached 11 new high
mark at $2,(10.1.000.
Tim Public Service Comm!ss.ien has
extended the time for the reorganisatien
of the Pittsburgh Itailwnjs Company,
as provided under an agreement with
the city of Pittsburgh, the railway coin cein
p.mv and the Philadelphia Cuiiipunv, te
November 1 ,
The New Yerk Stock Kxchnnge has
iccclved word Hint a dividend of .1.1
( cuts n shine en Itniid Mini's, Limited,
hns been declared. Hankers' trust
ceitlllcates for American shares will
be paid en August 21 te holders of
record August 10,
Terrlngtnn Company of Maine will
retire its $1,000,000 of 7 per cent pro pre
fcired. It Is understood that the issue
will lie ic tired nt par and $2.1. This
will leave .s.1,."i()0,00l common stock
outstanding as the company hns no
funded debt, I he par is S2.i.
The following names have been peMed
for membership en the Philadelphia
Stock I'xi linage: William Lillej, of
Lilley, Itli7nrd ci ("e. : Jeseph de V.
Kecfe and C. HiisspI Aiichineless. The
membership of Ilenjnmin W. Krn.ler Is
being transferred te Mr. Auchlncless,
both being members of Redmond & Ce.
Ceca Cela repeits for. the nunitcr
ended June .10 net liueine 82, 7.1.1. 02.1
after expenses and Intel est. eiiinl after
nieferred dividends le S.l. 10 a share en
100,0(10 shares of common no p.ir stixk.
against net income of $1111.1.11.1. or SI. .18
in the first quarter, and SI .170.31.1,
or $1.00 in tile second quarter of 1021.
In connection with listing of its (.(),
000 shines of prefened stock, $100 par,
en the Husten Stedt Ilfchangc, the
Hosten Consolidated (ias Company hns
Hied an income 11 ( count for six myntlis
ended June 30 last showing tetnl sales
S.1..112.10.S; net income $1,172.81.1,
and surplus after prefened and common
dividends S327.3-..1.
Meic than 01100 subscribers in
amounts fiem one te twenlv shares
have applied for mere than M.. 100.000
Amciicau Tdephene and Telcgiaph
Company slot k under the plan just
lumpletcd. whidi elTcieil American Tel
ephone stock te these applicants for
New erk Telephone prefened stetk,
who did net get their allotments.
Purchase of substantially the entire
capital stock of Itessia Insurance Com Cem
nniiv of America was announced bv a
banking syndicate headed by Kidder,
Penbedy & Ce. The change in owner
ship. It was announced, will net In
volve, nny clinnge In operating manage
ment. A statement of the company, n
of June 30, showed onsets of $0,044,023
nnd surplus of $3,370,028.
The Hrnzlllnn Stnte of Hnhln is ne
gotiating in Ionden for n lean of
0,000,000 for consolidation nnd con
version of lis foreign debt. The State
linn four bend Issues outstanding. In
terest en nil which Is In default. Three
of these leans were secured by specific
gunrntitees. Twe of the leans were
finiilltitr iirrnnccmcnls te nievida for
overdue interest at 0 percent.
Leading 01 revenue ireigiii during 111c
week ended August 0 last leanlied 11
tetnl of $8.11,3.11 cars, 11 decline of
8.1si2 cars from the preceding week, but
an increase of 0.1,173 cars ever the cor
responding week last .vciir, according
te the American Hallway Association.
Coel loadings amounted te 70,210 curs,
an Increase of 2S72 cars ever the pre
vious week. Compared with the same
week hist ,ear, however, the loadings
of coal declined 00,840 cars.
Otess earnings of the Cities Serv
lie Company! for twelve months ended
July 31, were $13,814,8.12, (empared
wlUi $18, 003, 001 for the twelve months
ended Inly 31 1021. Net after tuxes
weie S13. 102,201, compared with S17.
878,378 the previous jear. Net te
common stock for the peiled was $0,
310,73(5, equivalent te $13.(1.1 a share
for the average amount of common
outstanding, cempaied with S12.S0 per
share for the twelve months ended June
30, 1022.
LIVESTOCK QUOTATIONS
ChlruKO, Au. 17 CATTLH Receipts.
11.000 head. Market active, beef ateera
etrenir Tep matured aleeia. $10,00: best
Jenrllnir. $10.81; hulk Wf ateera 0 2riff
10(11, better Krndes corn-fed cotta nnd helf
eia ptrenir, ether (trades nnd rannera nnd
cutlers le, about ateadj , bulla and stork
era xtend) . calves mostly 2.1c lilKher: b'ef
rows and helfera $.1117, rannera nnd rul
ters largely $.' 7.1fC,1 7.1, bulk bologna bulls.
$l I 21 bulk veal ciilves around $12 f0.
HOUS Ileirlpta. Oil 000 head, Market
fairly active en lighter weights, very alew
en ethers- I .'iff 21c lener: npeta off mere:
$118(1 pod for 170-pound weight bulk, ISO te
200 pound hega, $0 001(0 71. 210 te 240
pound butchers, mostly $0 4nfrt !0: 210 te
27.1 pound butchers $0 IS 'd II 30: geed and
cholre 2'i0 te 02.1 pound butchers, $s 7.1 W
0 10, packing -ewa mostly $7 .10 W8 10. little
action en plga, heavy. $8 2.1tfJ0 .11; medium.
$s,7nW'i "(I, llcht. $0"1IT0 80. light light".
Ill 2.1 WO 70- packing sews, smooth $7 4r.'if
s 21, packing nuns, roughs, $7 7.U0; Mlllns
Plga -liffli 7.1.
SIIKKP Receipt. 23,000 hend Native
limbs opening mostly Mead) , Westerns low
lie lower le killers Tep native te shlp
ters. $1.' 7.1. early packer top. $12 00; bulk
nntlve $12.31,a 12 .10. culls meetl $n. enrlv
sales Westerns $12. 0 12.7.1. sheep mostly
steady: geed 11. "-pound Western ewes $7 21.
heavy fat natives downward te $1.10114.10:
llkht feeding lambs steady: best around
$12. .10, heavy feedera alew.
Tnst nnfTnle. N. Y.. Aug 17 CATTLK
lleielpta, .110 head Hlew Calves, re
ceipts 71 head. One ilellnr higher. $.1tfill
IICX3S Hicelpls. 1280 hend (loed atendv.
light 1011 lr.r lower, heavy, $0f(0 7.1, mixed.
$111 '.'? 10 10. ve.kcr- nnd light erker.
Jle 10 ifi in no. plr, J10 25, roughs, $7 SO,
-tugs 4r-1
rlll-r AM) LAMPS Receipt- 000 hend
Liuubx, 2.1c hlgh"r. lambs $nf 1.1.71
Pittsburgh. Aug 17 1IOC1S Rrreipl-.
.".inn Ufa. I Lewer llinvbs, $0 4HftWSO,
hnvv erker $lu low 10 ,10, light jerkefa,
$1011 In 21. idira $01(0 r.O
Slli;i:i' AND LA M1IS Receipts. 810 hend
Shep, $7. .10 Higher. Liimbs. $13.50.
hleailv
CAI.VUS Receipts. 100 c id. Higher.
Tep. $12 50.
I'.nst M. I.011N. Auu- 17 CATTLH Re
celptu 3100 head. Ne geed matured fat
alreis here, receipt large!) grae-era nrliea
gene. nil) ateadv , npeta strong, ether killing
cIiiphes ale ulv , light i.ilvea r.Or higher Tep,
812 21 tmrt loud, doo-peund b.ib) bef sierra
nnd helfrrs brought s0 7,1. Hulk follow fellow follew
Strer $5 71118.10, light )enrllngs $7 501
s .111, cow. $1 .1011.1 .1(1. uinner $2 31 W
2 50, bulls 1. 711! 4 21. geed nnd i helce
stec ker and fierier altera iiU'jtabl" at i 10
7.50
IUH1S Receipts 8100 head Oprned fair!)
ncllve 1.11 lights; !ew and early tn.dlng uen
iially stindv. later market weak te 10r nff
Tup, $'i75 fur chelie 110 te 170 pound av
erages, bulk lte te 200 pound weights $'1 te
111) 1.1. Jin te 2.10 iieunders. Sewn in no
he.ivlea seld: packer sews me-tly $717.25,
pign steiui): iiuik, -iiiii . -ill
Slllli:!' Reiehit 2100 he.id Onrrntlv
stead) en hhe.p nnd liimbs, :ne short lead
rat inmiis, -1221. rrnctical top S12 i.i.
hulk fat limbs M17.1K12. lluht sheep,
mom!) JO, heivliH Ml3 50
' -
Philadelphia Markets
WlinAT Receipt, 137.748 bush. .Market
1e higher, rar leta In c-port-levnler e
2 red winter, M 14 4 Rl.lJ'ti Ne. 3 roil
winter. 11 11 14111.1 P4i Ne. I red vyln
ler. l.07Wai.lei4i Ne. B .rMn'ir;'
i na'i'cf i.iidv.; no r. ree wnmi fl ,. ti
II.01W1.08, Ne. 3 red winter gar! cky, 11
11 Oil Ne 4 red winter gnriicay. "''I
.v.. i, in, n iniri Kt.a.tnj. .'...
wheat 3e under red winter. Hample nc-
cerdlnir te quality, .. ,.,-,
CORN .Market 1 ir higher In the '""i"
nt reielpta nnd enlv small suppllea HVallable.
Cnr Ieta, In expert elevator Ne . iljW
7e. Ne. 3, 7475c: Ne. 4, 731174c -
leta for lecnl trnde Nn 2 jellevv, 80'4 P
81V4e: Ne. 3 ellew, 70i4ff80iit
OATH Receipt. 14.103 bu-h Quiet nnd
ilo-'lewer Cnr let n le location 'Ne J
white. 4,1i?14rli,c', Ne 3 white, 43Varvf4lr,
PLOI'Il Rerelpta. 1 100 1)11 and 2.47.1.
122 lb In sacks Market nulct but steady.
The fiuotatlens Per 10il lbs., packed
In 140 lb. Jute sacks Seft winter, stralrnl
Western, H1rn 25, de. de, nenrbv. $4.7.10
5! hard winter straight. n 21ifil.RO: de.
short pntent. $n 71W7 10, spring nrsta: clear,
$( 25111! II 50 re patent, $7W7.75i de, short
patent. ISS 2.1 fnnry spring . and cltr
mllla patent, family brands, $8 50O0 23.
Re neur K 2,r0 50.
rROVISION.H Steadily held. The nuola nuela nuola
tlen wer as follew: lleef. In seta, smoked
and nlr-drled. 48c, beef knuckle and tend
er, smoked and nlr-drled, 10c, perk family.
28e: hams, S P. cured, loeie, 3031c: de,
skinned, loose, SOWlle: de. de smoked
"jWHe: hams, boiled, boneless, 51c: plcnle
shoulder. S, 1. cured, loe-e. lSe, de smoked
10c, b-llles, in pickle, loose, 17c: breakfast
baron ?4r, lard, 13c
ItUTTKR fine creamery Arm nnd 1c
higher. 'Ihn following are the uuotntlen'
Solid-parked creamery In tub", high-scoring,
371t?30i4c. the latter for Jebblnif rale:
extra. 3llHe, extra first. ehees.ile, 3IHc.
Jobbing. 354c nrsta. 311T31r. second. 2H
Sfailr; sweet creamery, extra, nor, jeuunm-
snles or very rancy goods ;iTV4 !r,Ti'e. exira
Orsts 344r: Orsts, 3Hf3"c lower grnde.
2830r, extrn prl.lt JebblnK nt 42Tf41e.
seme speelnl fancy brand higher: fnlr te
geed, 38410 , ,..,,
KOO.S I'lrm en rholre stock, which vvna
senrce. The quotation fellow" Nearby,
extra flr-ts, 28V4c. firsts. 2nc seconds 20c:
Western, extra flrsta. 2rt4p. nrst 2425e.
serend 20e, fancy candled egg Jobbing te
retailer In cartons, at 3W34c, nnd loose,
njlffne fair te geed. aelZ.llc.
CHnilSK Steady but fiulet The follow fellow
Ing were the quotation New Yerk, whole
milk fiat, fnncy fresh, 104iJ20Mc, de.
fair te geed, 18S10c. Iopgherns. 2dli W
204c single dalelei, fresh, 104in20Hc;
Jobbing sales nf fnncv geed. 22023c
LIVR POULTRY Kewla, net tgherpa
via express I'nnry fat, vellew-'klnned, 24
ffT2ne, exceptional let higher, fair te geed.
221f21c fowls. Leghorns, iki erdlng te qual
Itv, 18TC22c spring chickens, net Ighnrri
fancy, fat. vellew-sklnned, -weighing 24 If 3
lb, each 31ff.13p, spring chickens, net Leg
horns smaller sizes 2.1 ft. 10c. spring chick
ens, Lhnrns fancy, fat. yellew-aklnned.
weighing 14 lb, and ever each. 20027c.
spring chicken. Leghorn, smaller sixes
22tT2Ic old rooter 151117c, duck whit
I'ekln fancy, fat 221?24c: ordinary. 18920e:
de. mlxr.l color. 11W ITe- plgaens. per pair,
old, 30U3, jeunc. 25030c.
DREbSKD POULTRY l'ewl f resh-klllsd.
dry-Picked, In boxes Weighing 44 lbs and
ever nplece. 30c weighing 4 lbs.. 20c: weigh
ing 34 lbs 20c. weighing 3 lbs.. 2 1 Q 21c.
fowls fresh killed In bhla , dry-plckad
weighing I lb and ever apleca, 20c- weigh
ing 3 lb. 241i21c: weighing 3 lb and un.
der, 221f21c broiling chlckena. Western, In
hexe 3 11 35c, In bids, 30i 32c. de, nrxr
by 321i3lr old rooster. Western. 10c,
Southern, 17 18c: aprlng ducks, nearby,
24 21c.
POTVTOLS White potatee. nearby, per
basket Ne 1 31i940c, Ne 2 15S,20c.
Liverpool Cotten
Liverpool, Aug 17 There wn a fnlr
d'mind for -pet cotton teda) with price
(eauy en tne ni nx nn nevance or 13 I
point for middling 1.1 12 70,1. The ar
wer. 5000 bile The receipt wer 3'iO 1 .
bale nenr American. Tutures were firm In I
th early ileallngs Spot prlre wen !
Amerlcnii, ml'lflllnt: fnlr 13 'Lid g oil
middling 12 'ild. fullv middling 12 SOI.
mliMlltig, 12 Tin low miililllng 12.2 hi soea
nrdlnir), 1140d, nnd c.rdlnir). In liOd.
Ilren'nel, Aug. 17 The Cotten r.xchange
will remain In session until 5 41 I" M en
September 1 te ricelve the report en the
American cotton crop lsu-d by the United
Stalls Department of Agriculture.
zR.A.M.&Ce.:
Mortgage Bends
of well managed, conserva
tively capitalized, electric
power companies present un
usual opportunities for the
investor at this time. Write
for suggestions.
Reed A. Morgan & Ce.
M'rnt nul Tnul Itltle , t'hlln
Memlier of the 1'hlln Stock V.xi'x
Telephone Spruce 2131
GOVERNMENT OF THE
DOMINION OF CANADA
30-Year 5 Geld Bends
Due May 1, 1952
At Market
Yielding about 5. 10
EDWARD L0WBER STOKES & CO.
20 Seuth 15th St., Phlla.
Spruce 77S3
A First Mortgage
en a
Pennsylvania
Electric Light & Power
Company
Te Net 6.25
Net EnrnSng 2 Time
Interest Charges
Baker, Yeung & Company
JOSKl'II W. ttWAIN. Jr.. Munager
Land Title Bldg.
Bosten
Vr
Philadelphia
e.W.CIurk&Ce.
BANKERS
321 Chestnut St., Philadelphia
I Established 1837
Members New Yerk and Philadelphia
Stock Exchanges
Atlsnts Coniel. Street Rwj.... 5't 193S
Str-wbridge & Clothier Ce 6't J942
Wilminiten Light & Power Ce. 5't 1960
Indpli. Northern Traction Ce.. S'i 1932
Trenten Street R-ilwajr Ce.... 6't 1941
Indiana Service Cerp. Cem. & Pfd. Stk.
American Pipe & Cnntr. Scnr. Pfd. Stk.
SAMUEL K. PHILLIPS & CO.
Memhcr I'lilludrliililj Mnik Kxtlmnsn
.11)7 (IIKSTMT sTKhKI
P
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
103(1 HKAh KSTATK TKfT Dl.Ild.
Inetlte nnd mljul corimrntlen and
nnrtnrhlp account and crenare Income
Tjix Ileturn
&eviitU SSres. & (Be.
Publlr Uflllty drrurttli0
frlntlt EarhnnQB Builillruj. piilla.
We Will Bw
Central States Elec. Common
Georgia Rwy. & Pr. 6s, 1947
rhenenl Ijruet 022n.l-J.3-t
iri l'hene te New Yerk tt Bo-te
''Msiirwiifewspjjlj
ISAAC STARR, JR., & CO. '
United States Government
Securities bought and sold
. ... :i:- ..i.-t ; i
- 1 . - w....S .iiuinci price..
1 6th & Sansom Sts., Philadelphia
Fermer N. Y. 'Change Sec'y Dead D
Nc erk. Am? 17 llenrfe W lib, fnr
nierlj eiretiir nf the .V Vnrk Stock llx
ihntu,e illeO edm ki1zi nlwht at litipuni
I'.irk nenr 'I aiini'rm llle . V., friends err
mlli.eil teilnv He wn In hi elkhn third
enr He Jnlneil the txchuiike In IMIli nnd
witH eli i led ceiritir In 1S74 nerlnc in
'Ji.at laiiailt until 11 few war iike.
fi
TL,
WILSON PRICHETT & CO.
rNCOHrOKATlD
BOND AND STOCK
ISSUES UNDERWRITTEN
North Amman Building, Philadelphia
r
tee -irrn nrsjNEss
new Is "keieiut hand," but tlieusands of
the country'e tlBciat bulne men eet the
fact "freah" from the Hulness Section of
th I'riitie I.rnnrii leu'll find forty te fifty
Intercstlnc liuslness Items rleht en the nrst i
D-ce dally. "Make It-a Habit " AdL.
C. S. PATTON & CO."
SD & rilKiTVI'T ATS.
BANKERS
. 5nceeri te
. M BAn.En A 8TKVENS0N
Member- Thlla. 8teek Fennge.
. . i . i.,.
in
i'j
:a.
Tnckard Moter
Car Ce 7a
2 ... ll74
fi ... 1071-4
6. .. 1H7I4
I'an-A Petr'm
t. x Ce a
a.. iei i.
lUH.ll.-) 101
Ta K It 4a 'ml
3 .. . mi,
fa II nn lij
.' ... Ill i
1'enna It II As
1! .. liU'a
I'enna re nH-
n.... imu
3..,. UO'i
a..,, net,
a.. j. no
renna H R 7s
J,., 100H
Feerla it I In
;i
t
l
l
7(-nle)
1 (flat) no.
ni!
HI! S
nei4
nn
rm
nnt
urn,
ne1.
mi4
nn
tut v
mis
ri'is
llll'
im
nn
Sinclair C Oil
Cerp'n Tiit
2 ... 1034
1.... 103;
1.... 10"
1. .. 1034
1 .. 1034
Elnclnlr Crude
O I Ce 0H
20. .. nsv
Re'n raclMe fd
i .. nms.
fi'n Tae cv 4a
3..
2 .. .
I
fi!.'!!'
R
i
i-'
it
ii-j...
:e
B.....
Dili
H3 I,
n:n,
nan
D3-,
03 H
ea.V4
pan
,W4
ii--,
It 2d
llOlj
110 1
HI
2 .. . m
V ltd Tel 4
R . .. 7H
Wnrner Susnr
Heft; 8
i.. 1031;
a.... 102H
1.... 102
Weat'n JId 4s
II (1(U(,
i nn
B 17
i mil.,
2 07
.1... . ri7
We'll Pae lt
i r.n;
1 M
1 . . M
XV Union I'n
3... . li.li,
W'n Union Si
1 ... 100
W Union flia
1 1121-j
Wetlnuh'e IJ
t- Mfg- 7
1.... 10RI4
1.... 1HH
1.... IOHI4
, 1.... 10R
2 ins
Wlckw'n Spne
Steel 7
1 .. nil,
WIImeii Ce cv
1 . .. ni
0 ini,
1 .... n-i,
2 . .. n.i4
n ... nn
Wilsen Ce lat
What Portion of Income
Should be Invested?
THIS is a question for individual consideration, but
the following figures, based en the average experi
ence of a great many families, may help te answer it.
TYPICAL BUDGETS FOR VARIOUS INCOMES
Fer an aycTage American family tne adults and Ine children
INCOME NECESSITIES Ii ADVANCEMENT II SURPLUS
1 (P Menth) ( P Munih (In,.. nd Inc. T . nut deducted)
Per Per ....... . P-tins ., Lduc.tien
Ve.r Cent imd Sh:lt" cloth M-"- '" Rc.rcstien A J' V"
m tcn.nce t-cnt ctc Cnt Menth Vear
JK T "d V. -J. s lT?ltTlTlJ!
3,500 r 6j s . 6.67 .. ll.ll tl
7,S 56 oe tee 7J 75 J5 t00Q J'5 !'S 975
5,oeo J7.2 ,-j Xi ,L l H6-6l 40.8 4,5.00 S..00
-0,000 34.5 IJ0 IJ0 5 I ,6'8 I1 I6 S75' .9oe
5,oeo ,3.6 ,7J i00 . 2S0e ,6 -6 6'6l 49-5 8.S-0 9.90.
30,000 33 oe aje 150 air ? 4'-67 12,500
40,000 7.8 00 0 t Is 4M.00 50 ,,,50.00 ,5,000
50,000 37.6 i.e , ,I 3 !'2 6e8,33 5 1,800.00 ,, 600
-L: 1 -7.0 I 250 3e , aoe 400 .8.4 766.67 54 ,-50.oe 27000
fi.
1
1.
1.
4
100
100
100
loe.
101
Wilsen C 74 1
1.
13. ..
1 . .
B . .
1 ...
fi....
l'.'.'.'.
1 ...
3,..
I.i..
v
10,1 ,
loin,
1011".
lniiH
ion,
107
lfiil',
Ki'lS
ion 1.
1011'i
inns
Send for Booklet and Plan Sheet
T?.fe.are 5T he ;P!an Sheet" in our booklet,
.ui- i--uincidi maepenaence." for a $5000 income,
the living expenses are analyzed en the plan sheet te show in detui
hew the indicated surplus is arrived at. There is a blank for apply
ing the analysis te fit your own case. y
Every one interested in a systematic method of buildinc tin a
-urpfus through the purcha5e of -afe bends will find h worth
while te read this booklet and make use of the "Plan Sheet."
Write for booklet PA-64
A SUM ACAD
nHnNOAllNOStNOUa
BSS2rt
HALSEY. STUART & CO
INCORPORATED V XT V B
Land Tide Building, Philadelphia . Phene Lecu.t 7410
"" ".T MIWA" P-ULADELPH-a MINNBAI,OLIS
;rPiaInbeIowrercopyof..ASUreRoad,oFinancl
Strut.. 1 ..,.. '....... ' r (V I
Trj m Q(ifi,u
B
Wear and
Tear en
Cement
Machinery
Costly
Machinery used in the
manufacture of port pert
land cement wears out
faster than in most in
dustries. Mechanical equipment
has te be replaced en
an average, once every
ten years.
Firebrick lining in that
part of the rotary kiln
where the raw mate
rials are burned at
nearly 3000 degrees
Fahrenheit, has te be
renewed about twice a
year.
Te prevent long and
expensive shut-downs,
spare parts for practi
cally every piece of
machinery must be kept
in stock. In addition,
most mills maintain
complete machine and
blacksmith shops.
Fer every million dollars
invested in the cement
plant proper, from $75,000
te $100,000 worth of spare
parts must be en hand.
One company's inventory
of spare parts runs as high
as $1,000,000. Interest
must be earned en this big
investment.
Capital requirements of the
cement industry are large.
Turnover is slew with
some companies only once
every two years.
PORTLAND CEMENT ASSOCIATION
ef National Organization
te Improve and Extend the Utrs of Concrete
AUnu D Meine. dl.i...
ir---.. ".'- .n irMs-jB.-
Boiten Detroit
Pker-rur
-lU- Indun.rK.l. Mmn-.peU. PerlUnJf O-.. 5 U,uU
IW, , buy Ni-YeTk sTOS- hia'ifbC
Tsafc
'&
Ai'MM
n'x.vi
. Zj'S
' I S' fl
r,
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