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' . EtENmfr-EtJBLIO .Db3ElBi-PHTTJADELlHIA.::PMDAY, , SBCTEJMBEB " It 1922 .
Qmj'cA; Service
Tn buying or selling
bends or in obtaining
investment information
our mere than 10,000
miles of private wire con
necting the investment
centres of the United
States and Canada facili
tate prompt and efficient
service te Investors
The National City Company
.I'hlladelpnia 1417 mettnut St.
Atlantic City Chalfenta Bleck
1225 Boardwalk
PRICE MOVEMENT
VERY CONFLICTING
Peel Specialties Marked Up.
Lew-Priced Ralte Broke Under
Liquidating Pressure
Nencallable for 25 Years
Te Yield Over 6.60
The 6 Geld Debenture
Bends, Series "A," of the
Texas Power & Light
Ce., are a direct obliga
tion of a uccessful com
pany whose properties
are operated tinder the
supervision of an or
ganization closely identi
fied with the General
Electric Ce.
Earnings for the year
ended May 31, 1922,
applicable te interest
charges, were 3 time3
annual interest require
ments en the total
funded debt of the
Company.
Circular upon requett
Hemphill, Noyes C& Ce.
tlembete New Yerk Stock EichanJ
Franklin Bk. Bldg., Philadelphia
New Yerk Pittsburgh Bosten Sainton
Le Angeles Albany Syracuse Baltimore
Wilmington Bridgeport
19
BiiimiiTftj'i
SPECIALISTS
We make a dependable
market In att issue of
UNITE STATES
GOVERNMENT
SECURITIES
COMMERCIAL
TRUST COMPANY
Member Federal Reserve Sjitcct
City Hall Square
New Yerl(, Sept. 1. Today'" stock
utaikct encountered many renflict Ins
itirrenti which kept the geneinl llbt in
11 liishly churned condition, villi mnnv
Meeks siintelnlne seven1 lees, while
i far lunrer Ilt wercd vigorous ad
vances. A number In the latter cnte cnte
Kery rcRlcterrd new peak for the cur
rent rear. I'nrh sretip vvns governed
by different Incentives nnd peel nctlvl
Uc jilnyed an Important part.
Most of the ever-night news was fa
vorable, including the virtual ending
'if the long-drawn-out nnthraclte labor
dispute and the notion of the Allied
Itcpnrntlens Commission at Pails jrhlns
Oerinnny n breathing epell. The state
n.cnt of the Assoriatien of Railway U
eeuthps reporting rapid progress In re
cruiting shepmen also wits interpreted
an Indicating tin early collapse of thai
strike.
With this batch of Inspiring news,
however, the mnrket did net snap back
as many expected. Much of the early
dealings were monopolized by the re
newed peel activities iu the familiar
list of active s)eculatie favorites nnd
the further mnrklng up of Mattered
high-price specialties. About the time
when these demonstrations gave premise
of pulling the rest of the market up
Midden weakness crooned out among
the lower-priced rails, the Krie issues
being particularly ulnernhle, the com
mon falling !i, the first preferred 3b
and the second preferred 3 points.
Apparently this was merely an after
math of the Chicago nnd Alten re
ceivership. It was a natural assump
tion a geed part of the selling reflected
liquidation bv these who had favored
the Kne shares in speculative ventures
en tne belief the read might be merged
with one of the larger Western sv stems.
The Alten incident aNe directed at
tentien te the les stable financial neM-
tien of the weaker sisters of the rail
gieup. There are no Kile obligations
nppreaenlng maturity in the near
future and the uneasiness in this re
spect superficiallv seemed te be alto
gether unreasonable.
The entire group of the low-price,
nils were under the snme unsettling
Intluence with New Haven. St. Paul
common and preferred, Texas and Pa
cific jicldlng 1 te 2 points. Pressure
against the group naturally caused a
halt In the upward trend in the main
body of stocks, but selected stocks con
tinued te be pushed up by peel operations.
Wm Offer Subject te Prier Sale
$50,000
Palmyra, N. J., Sewer Ss
Due Nev. 21, 1924
at 10 and Interest
Te Yield Over 4.60
Tax Exempt
F. P. Ristine & Company
Wldener Building, Philadelphia
Vw Yerk Elizabeth, if. J,
Member ifev Yerk and I'Mladtlotem
Stock Exchangee
Information Furnished en
FRED P. BELL STORES
CO. PFD. STOCK
THE SHELBURNE, INC.
1st MTG. 6s
H.CLAYDINGEE.Jr.
515 Otis Bldg.
Spruce 2309 Spruce 2669
If There Is a Market
We Can Find It
We held sales of stocks
and bends every Wednes
day, charging $1.50 en
trance fee for each item. Our
weekly catalogues and post
card service leach every mar
ket. , We take pleasure in
furnishing quotations.
N Barnes & Lefland
Stock Ilrekem nnd Auctioneer.
147 S. 4th St.
HARPER &TURNER
Investment Bankers
Mtmtrrt PttllniltlpMa Stock Extunfr
STOCK EXCHANGE BUILDING
Philadelphia
tng
Piatt, Yungman and Company
CUT COTTON CROP ESTIMATE
1 Prospective Yield 874,000 Bales Be Be
eow Last Menth's Forecast
Washington, Sept. 1. A reduction of
74,000 bales In the prospective cotton
crop of this year, since the forecast of
i a month age, wn.s shown in the Depart-
I ment of Agriculture's September cot
ton report issued today forecasting the
i total crop at 10,37.",000 bales. The
, condition of the crop declined 13.8
points during August, compared with an
average decline of 7.7 points in the
previous ten years, the condition having
been B7.0 per cent of a normal en Au
gust 2d, compared with 70.8 en July 25.
I The condition of the crop en August
2."i and the forecast of production by
I States follew: Virginia, condition, OS;
forecast, 23,000 bales ; North Carolina.
6T), and 7."0,000; Seuth Carolina. 40,
1 and 087,000; Georgia. 44, and 008,000;
i Flerida. 00. and 24.000; Alabama. GO.
land 820.000; Mississippi, CO. and
1.003,000; Louisiana, till, nnd 414,000;
Texas, 30. and 3,044,000; Arkansas,
i. and 1M,!UW; Tennessee, OT, nnd
278,000; Missouri. 70. and 70,000: Ok
lahema. 53. nnd 7SO.OO0; California.
01, and 130,000; Arlrena, S7. and
5.".000; New Mexico. S". nnd 21.000.
California forecast Includes 70,000 bales
from Lewer 1 alitnrnia which are net
Included in United States total.
In a special repot t In response te a
Sennte resolution, the Department of
Agriculture announced the acreage of
cotton abandoned between June 2u nnd
August 2.i amounted te 307,000 ncres,
or 1 1 per cent of the nrcn in cultiva
tion June 2."), leaving 3-,483,000 acres
In cultivation en August C."i.
"As the condition figure of the regular
September 1 cotton report is nffected
bv the ncrenge abandonment," said the
Department's statement, "no addition
al deduction for the abandonment here
shown need be made from the present
forecast. 10. ."7.", 000 bales, based upon
the August 23 condition figure and the
acreage In cultivation en June 25."
BANK CLEARINGS
Bank clearlnira today compared with
eonrspendtnir. day last two a ears
lt)2i 11)21 1020
Phlla ..ITT.nne nnn J72 nei enn ins. 224 mi
Bosten .. 4S.000 000 44,301,1139 34.730,01(1
FOREIGN EXCHANGE
New Yerk. Spt. 1 Following the
cabled advices of the compromise
reached en Oerman affairs by the repar
itinns commission, francs opened this
morning at a gain of 1 1 points; Url
gians were up 11 ; lire 8Vi ami marks
gained lM. Sterling was unchanged.
In the neutrals there were decllnet. of
7 points In guilders and Norwegians;
2 in Danish and Swedish nnd 1 in
Spanish.
Quotations were: Sterling cables
Jl.-iO'i, demand 4.45a', ; franc cables
7.70. chcckB 7.75V1 ; Uelglnn cables
7.35. checks 7.3 14 ; lire cnbles 4 41,
checks 4. 10V2 ; Swiss cables 10 02,
checkt) 18.00; pesetn cabins 15 52,
checks 15,50, Danish cables 21 H,
checks 21 3s; Nerwnv cables 10 05,
checks 10.00; Swedish cables 20.1S,
checks 20 13; guilder cables 3 !J5,
checks 38.00; marks .0SH. ,
The premium en New Yerk funds in
Montreal tedav was net atmreclabh
changed at 1-10 per cent te 1-32 per i
cent. The discount in New Yerk nn l
anadlan funds was 1-10 per cent te
1-32 per cent.
YESTERDAY S f LOSING QrOTT!ONs
Ptrllne franc r,lr GulMrrs
Demand 1 4fi'i 7 07't 4 I, 19 or,
Ub. 4 4(1 7 ni 4 4VV, VJ 05
TODAY'S OPENIVO QUOTATIONS
Htrllne Francs Mrn r,uM'rn
Demsnd . . 1 4', 7 71', I 4(H, ,(s no
Cables .. . 4 W 7 7(1 4 41 31 03
LIVESTOCK QUOTATIONS
I'ltUburicli, Sept I HOGS Receipts.
250O hear! Levt(r H'avlea f 'Jlrttl ",0
heaw yerk-r $10 llf in le Hunt yerktrs'
SHEEP AND i.AMIth Itn-i. pts Sfte h'ad
ritHny ncep si-,u i irntia 113 ,.n
CAI.VES llecBlpts loe head Steady
Tep J 13 .'0
liiiht lliirTnle, Spp l CMTI.E R
relptu 3'0 h'-d Kilrlv -cthe iml tead
falveH receipts line he'd A' live and SI
hUher
IIUUSv ucipn liien had Active
I
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Lht
Dlr
Rates In I
3630
tee
100
100
5800
tee
'ytdeilTt te announces tha
',. Men admitted
ince that the tolleulnir have
In nn tnfria, (.1 k,t t.i.
Of bentepibjr lt. HI21- ' '""
Rowland Evans
Hareld Haskins
Lincoln Milligan
William H. Sassman
STOCK H1h
. . Arlnms Txpress .... B' t
.. Advance Itumely.. 204
3 Advnnce Rumcly pf. 58
. . Alaska Juneau O M lit
Allied Chem Dye f8H
7 Allied Ch & Dye pft12
i Allts-Chalrw 58 Vk
Am Arrle phem.... 41 V
.. Am Beet Surnr.... 8b
. Am Ilesch Mameto 39
4 Am D 8h Kdy new 77
.. Am Can 63
7 Am Can pf 110
12 Am Car & Fdy 187
.. Am Cotten Oil 27 W
.. Am Cotten Oil of... 54 Yi
.. Am Drug Syn 6H
8 Am Express 143
7 Am Ice 119
Am Ice pf 94
.. Am Hide & Leather 13V4
.. Am Hlde & Leath pf 72 Yi
.. Am Irlternat Cerp.. 36 i
1 Am La France Enj. 13
6 Am Locomotive.... 1 23 yi
3 Am Metals 44
.. Am Snfetv Razor... 7V4
.. Am Ship A Cem.... 16
Am Smelt 65
12 Am Snuff 148V4
3 Am Steel Feundnet 42 H
.. Am Sugar Rcf E5
.. Am Sum Teb rta...
9 Am Tel & Tel 127 H
.. Am Tel Tel its.. 3H
.. De Odd Leta 3W
12 Am Tobacco 16914
12 Am Tobacco B 165H
6 Am Tobacco pf nevr105
.. Am Waterworks.... 1BH
.. Am Watrwks 0 pf 40'4
7 Am Woolen 96
.. Am Writ Paper pf. 31ft
.. Am Zinc Ld & Smelt 7
.. Anaconda Copper... 55
.. Ann Arber 22
.. Ann Arber pf 50 i
. Assets Realization.. 1 '4
4 Ase Dry Goods.... 58 H
7 As'e D Goods 2d pt 84 ft
6 Asse Oil 119ft
8 Atch Tep & San Fe104m
Atch Toe 4 S P pf 95 '4
. . .Allan BIr & Atlantle 3 ft
.. Atlantic Fruit 2ft
.. Atlantic Fruit ctfs.. 2ft
.. Atl Gulf & W 1 8 a 32H
7 Atl Refining pf 117
12 Atlas Powder 140
.. Austin Nichols 30 U
7 Baldwin Locomotive! 30 ft
7 Baldwin Loce pf . ..115
.. Barnett Leather.... 62 Vi
.. Baltimore A Ohie... 58 H
.. Barnsdall nns A.. 34ft
.. Barnsdall Class 1J.. 26
8 Beth Steel 8, pf...113
B Beth Steel B 78 H
.. Beeth Fisheries.... 10 H
8 Bhlyn Union Gas... 120
.. Bklyn Rapid Transit 25 ft
. . Bklyn R T ctfs of db 20 ft
.. Brown Shee 63 H
10 Burns Bres 138
2 Bums Bres B 50
.. Butte Cep & Zinc. 6?i
.. Butterlck Ce 21
.. Cadde Cen O & R.. 10ft
6 California ' Packlnc 81
.. California Petrel... 66ft
10 Canadian Pacific . .150
.: Case J I Plew 6ft
.. Central Leather.... 41ft
.. Cen Leather pf.... 78ft
.. Cerro-de-Paece .... 40ft
Certaln.tced Pred.. 49ft
8 Chandler Meters... 63ft
4 Chesapeake & Ohie. 77
.. Chicago & Alten... 3 Ji
.. Chicago & Alten pf. 5ft
.. Chicago ft Or West 7 Ji
.. Chi A Gr West pf.. 19
.. Chi Mil A St P 34
.. Chi Mil A St P pf.. 52 i
E Chi A Northwestern 93H
4 Chicago Pneu Teel.. 76 ?
.. Chi R I A Pac 47 U
6 Chi R I A Pac 6 pf 86ft
6 Chi St P M A O.... 81
.. Chile Copper Z3H
.. Chlne Copper 31
.. Cluett-Pcabedy .... t7
4 Coca-Cela 70 ft
4 Colerado A Se 1st pf 62
.. Celum Gas A Elec. . 05 U
.. Celum Graphophene 3W
6 Cemput Tab Rec... 77 b
.. Consel Cigar 37 ft
.. Consel Cigar rt.... 3H
8 Consolidated Gaa...l36ft
.. Consel Textl'es 11 'a
.. Continental Can.... 67ft
4 Cern Products Refll9
7300 2V, Cosden A Ce 48 H
200 7 Cosden A Ce pf.... 97
62:0 .. Crucible Steel 6 ft
11000 .. Cuban Am Sugar.. i7
2600 .. Cuba Cane Sugar... I5H
3700 .. Cuba Cane Sugar pt 40 h
430 .. Paviaen Chemical.. 3
1003 .. Debeers C Mln Ltd 24
400 9 Delaware A Hudsen128ft
50D 6 Del Lack A Weat...l34
200 8 Detroit Edisen 115
600 8 Du Pent (E I) Ce..13
100 . Duluth Se S A A... 3H
800 Duluth Se S A A pt 8
33J 2 Deme Mines 39
833 S Eastman Kodak new e4
430 3 Elec Sternge Bat... 47 ft
200 .. Elk Hern Ceal 22
400 . . Emersen-Brantlng 9
100 .. Emersen-Brant pf . 40
4433 I Endlcott-Jehnson . . 19 ft
260 X) .. Erie 17 H
8300 .. Erie 1st pf 7
2500 .. Erie 2d pf '8
5730 8 Famous Players L..100
500 8 Famous Players pf.1C4
100 10 Fisher Bedy 112ft
4033 .. Freeport Texas.... 24 H
2000 3 Gn Am Tank Car.. 67
100 7 Gen Am Tank pf 102ft
11600 . General Asphalt 70ft
330 5 General Asphalt pf IC6
1100 6 General Cigar 80 ft
103 8 General Electric... E5
8100 . General Meters.... 14
103 6 General Meters pf.. 84
1103 6 Gen Meters deb 60 6
2330 7 Gen Meters deb 7 100
100 .. GUdden Ce 15
200 .. Goedrich B F 35
200 .. Granby Mining 32
203 .. Gray A Davis 14 ;,
2033 7 Great Northern pf.. 95
833 4 Gr North Ore ctfs.. 4!
100 .. Guantanamo Sugar. 12
1803 .. Gu.f States Steel .. t5ft
EB 100 7 Hartman Cerp 65 ft
100 .. Hendee Mfg 22
" 400 3 Hemestake Mining. 72
2230 .. Housten Oil
530 I Hudsen Moter Car.
533 1 Hupp Motorcar....
2030 .. Hydraulic Steel....
603 7 Illinois Central 112
100 .. Inspiration Cen Cep 4y
6)0 .. Inter Cen Cep yt
630 .. Inter Cen Cerp pf . . 4H
100 .. Inter Rapid 29
100 .. Inter Agriculture... 10
10U 2ft lnternat Cement.... J3ft
1030 2 Inter Cem Eng 27 yz
233 .. Int Mer Marine 14
12;0 6 Int .Mer Marine pf. 5914
833 .. Inter Nickel 18
50 JO .. International Paper C9',i
200 6 Inter Paper stpd... 75
7j0 .. Invincible Oil 15
4)0 .. Iren Products 34
233 .. Island Oil , yt
133 .. Jewel Tea 17
100 .. Jewel Tea pf .' 62 V
4.0 .. Jenes Bres Tea..., 46ft
6100 .. Kansas A Gulf 4H
403 .. Kan City Southern. T6
1030
600
1100
200
500
7433
100
200
100
200
203
503
1933
100
100
100
500
400
1830
100
630
100
1033
800
1830
1203
500
8830
14100
50
2830
1500
200
100
230
1230
200
100
.2030
200
333
200
300
100
1200
700
100
1000
100
500
400
100
100
1000
14703
200
600
1533
4000
100
200
1000
600
100
200
200
600
5600
1100
100
100
200
200
5000
3603
100
500
203
200
100
4500
600
2100
1000
1203
1830
11603
6433
7600
1000
17500
103
100
1500
400
530
603
103
700
103
2500
400
100
10030
5330
700
200
82ft
21
19 ft
9
Lew
70 ft
20 ft
58
1ft
67 ft
112
57 M
41
47 ft
39 ft
77
62
110
187
27 H
54 ft
6ft
143
116ft
94
13ft
72 ft
36
13
123
44
7ft
16ft
64H
148
42 ft
84
ft
U6H
3H
3H
166ft
164
1044
18ft
40
95 ft
30 H
17M
55
22
50
14
58 ft
84ft
118
104
95
3
2ft
2
32 ft
117
140
29 ft
129N
115
61
58 ft
33
26 ?
112
78 ft
10H
120
25 ft
20 ft
63
136
49K
64
21
10i
81
65 ft
148ft
6ft
41 H
78
40
49 ft
62
76 ft
3
5
7ft
17 K
32
50 H
92
74
46
86 ft
81
23
30 i
C6K
70 ft
62
104;
34
75 ft
3
3ft
133
10 '4
6ft
118M
48
97
94
26
14
38H
51 K
23 i
128ft
134
115
142
3
8
:9
e3M
47 ft
22
9
40
17 ft
14
13
16
98
103
112ft
24
654
102J,
L8K
1C5
80
lt5
1'S
041,
C4ft
9
15
35 H
32
14H
94
0'8
12
F4
85 ft
22
81ft
i.1
19
8ft
111
41
1ft
' ft
29 ft
10
33 ft
7 ft
14 ,
59 ft
17H
57 '
75
14
23ft
H
17
62
Z 6
"A
5 ft
1 SO Nat
1' .m jna-,
811 2
20 ft
58 f
1 J4
fB4
112 58 ft r
41
48 ft
39ft-
77
b3 -110
-187
27K-
54 ft
5ft
143
1t9
94
13ft-
72 ft-
36 -
13
123
44 -
7ft ft
16ft ..
65 J
148 11
!8
ft
ft
"h
'
1ft
ft
"'ft
ft
2H
"'ft
H
ft
H
ft
1ft
ft
H
ft
42 ft
65
ft-
U6H-
3K-
3
168'
165
105
18ft-
40ft
S5ft-
31ft-
17H-
55
22 -
50 -
1.-
58,-
84 ft
119ft 4- 1ft
104
95ft 4- 4
3
2ft
2
32 ft
117
150
30', -r
130 4
115 62 ft 4-
58 ft
34 ft
2
1ft
1ft
ft
ft
14
ft
ft
ft
ft
ft
ft
ft
1
5
ft
H
ft
H
ft
1ft
26 H 4- 2ft
1121.- ft
78 54
1044- ft
120 - 2ft
25ft- "a
20ft- 1ft
63 ft 4- ft
138 4- 1ft
49K- ?4
6X
21 - ft
104
81
65 ft 4 ft
149 - ft
6ft- ft
414 4- 'a-
78 - ft
40 ft 4- H
49ft- 14
C3 4- 1ft
76ft- ft
3ft 4- ft
s ft 4- ft
7ft
18 K 4- 1ft
33ft- H
52ft- ft
934 4- 14
76 24
47ft 4- 1H
86 ft 4- ft
81 v
23 - ft
31 - ft
C7 - 1
70ft- '4
62
1C4ft 4
34
75ft- 1
37 - ft
3ft
134- 2ft
M 4- "a
C6ft- ft
119
48ft ft
97 1 i2
95 ft T 1ft
27 4-1
1544- 14
40 H 4- 1
53 4- 1ft
J4 4- ft
123 ft T 4
134
115 - 1ft
1434 4- 1ft
3H- 1
8
39 - ft
84 -t H
47 ft
22
9 -r ft
40 1
f84 IX
I5X- 2ft
i5h- 1ft
17-2
100 1ft
104 4- 1ft
112ft ..
24ft- ft
67 f 2
102ft X
69', 4. X
1C6 -I 3ft
0 - X
186 4. 14
'4 X
84
ft 4- ft
99ft ft
15
354 4- 1
32 4 X
14X - ft
94 yt 4 14
40 ft - X
12
5ftT 1,
85 ft ft
22 4 ft
72 r 14
82ft 2ft
21
19 ft 4- X
8ft- ft
1114 4- I
41 X
1ft ..
4ft- ft
29 ft - ft
10
33 ft ...
'7ft- ft
14ft- -59
ft 4 ft
17 X- ft
i8ft 4 X
75
14X- ft
-3ft- ft
X4- ft
17 - ft
62 X 4- 1 ft
46 ft I- ft
4 ft - ft
!5ft- ft
Dlv.
Sales In t STOCK Hlah
410 ., Kaysf r A Ce new. . . 47
200 .. Kelly-Sprlngfifllrl .. 43 ft
200 8 Kelly-Spff T 8 pr.102ft
100 6 Kelscy Wheel 96
250J .. Kennecett fepper.. 37 X
1103 .. Keystone T A R.... 8X
203 7 Krcsge S S 166
300 . . Lackawanna Steel.. 78
100 7 Laclede Gas of St L 91 X
200 . . Lake Erle A West. . 34
2300 JX Lehigh Valley 70
100 .. Liggett A Meyers T200ft
4100 7 Lima -Locomotive... 65 X
6200 .. Loew's Ine 20ft
1100 .. Loese Wllca 64
500 12 Lerlllard (Pierre). .178
1333 ..Mack Truck 56ft
500 7 Mack Truck 1st pf. 90
203 6 Mackay Ce 105
122 Mackay Ce pf 60 X
400 .. Manatl Sugar 45
!22 7 Manatl Sugar pf... 82
400 .. Malllnsen Ce...... 38
200 7 Manhat Elev Guar.. 54 X
'00 .. Manhat Elev ctfs... 53ft
400 6 Market St prier pf. C5X
?30 4 Marland Oil 41
100 2 Martin Parry 30
!25 Mnh Attall 47
'00 .. Max Moter Class A. 59
2 JO .. Max Moter Class B. 19ft
'00 g Mav Dept ster 130ft
100 ; Mclntyre new 19X
41030 12 Mexican Potreleum.199ft
'700 6 Mex Seaboard 22
400 6 Mex Seaboard Oil ct 19X
23301.20 Middle States Cerp. '3X
2930 .. Mldvate. Steel 34 X
2300 .. Mln A St Leuis new 9ft
100 4 M St P A S St M.. 70
K600 7 M St P A S St M pf 87 ft
1200 .. Me Kan A Texas.. 13X
1700 .. Me Kan A Tex (wl) 19
930 . . Me Kan A T (wl) pf 47 ft
100 .. m Knn A Tex 3 aw 34ft
'500 .. Missouri Pacific... J2X
'303 .. Missouri & Pae pf. 60
700 3 Mentana Power.... 76 X
330 .. Montgomery Ward. 23
'00 .. Moen Meters 13ft
?200 .. Mether Lede Mlnlnsj 1'ft
300 7 .Vat Biscuit 159ft
'00 7 Nat En A Stamp pf 97 X
200 6 National Lend 107 X
200 7 National Lead nf... 1154
100 . . Nat R R of M 1st pf 10ft
100 .. Nat R R of M 2d pf 4J4
200 .. Nev Cen Copper. .. . 17
100 .. X r Atr Brake 76ft
3430 D N Y Central ?8ft
330 R N Y C A St L P4X
300 E N Y r A St L 2d pf 90
8100 .. New Yerk N H A It 33 X
103 2 New Yerk Ont A W 76J4
100 2 N Y Shipbuilding... 15
200 .. Norfolk ft Southern. 18ft
400 7 Norfolk A Western.UOft
830 B North American.... 95ft
200 3 North Amer pf 47
1603 .. North American rtf. 26ft
2800 E North Pacific 89X
4930 .. Ok'a Pred ft Rer... ?ft
100 .. Orpheum Circuit.... 72
100 8 Otis Elevator 158
200 .. Otis Steel 11
200 2 Owens Bet Mach... 36 '4
200 .. Pnclfle Devel Cerp.. V
830 E Pac Oas ft Elec f3ft
8100 3 Taclflc Oil 58 ft
26300 6 pan Amer Petrel... 04ft
7600 6 Pan Amer B 80ft
2100 2 Pennsylvania R R.. 47 ft
1830 .. renn Seaboard Steel 7ft
100 .. Peoria A Eastern... 22 X
1230 .. Pere Marquette 394
633 3 Philadelphia Ce.... 45ft
12930 2 Phillips Pet 51ft
430 .. Pierce-Arrew Moter. 11 X
100 .. Plerce-Arrew Met pf 29
1833 .. Pierce Oil 7 fi
100 2 Pla-gly Wlggly Stere 41
2100 6 Pitts Ceal 70 ft
100 6 Pitts Ceal pf 99 ft
530 .. puts ft W Va 39 ft
100 6 Pitts A W Va pf . . . 91ft
400 1 Pend Creek Ceal... 22
1 9.nn r v-i .. m . mK
.., u j-esium i-ereai j v.
. Producers A Ref.... 46 X
8 Pub Ser cer of N J 97
8 Fullman Ce 131 X
. Puntn Alegre Sugar 51 ft
2 Pure Oil 39 X
8 Rallwnv Steel !nr..ll7l4
uu3.i itand Mines 34
700 .. Ray Cen Copper.... left
2200 4 Readlnir BOM
. Remington Typew.. 40ft
. Replogle Steel ... 33ft
. Repub Iren A Steel. 69ft
. Rep Iren A Steel pf 94 ft
. Rcnublle Mters 3ft
3 Rej-nelds Teb B... 53 X
1-80 Net
p M. ChM.
47 4- 1
43ft 4- ft
102ft 4- 2
96 4- '
37
8X .. '
166
78 - 1
91X ft
34 - 1
69 - ft
200ft 4- 'X
64X .
20ft 4- ft
63ft 4- 2X
178 4- 3',
56ft 4- IX
90 4- ft
105 - 2
G8X4- 9
45 4- X
82
38 - X,
54X4- X
53ft- ft
65X4- ft
40 ft 4- ft
30 4- ft
47
59 4- ft
19 4- X
130ft- ft
19X4- X
195ft- 1ft
.21X- H
19
13X- ft
34X
9J4 4- V
70 - ft
87 ft 4- 1ft
13ft ..
18?4- ft
47 - 1ft
Tiow
46 H
43 ft
102
98
-6 ft
BX
1C5
78
91 X
34
69
200 ft
f4ft
20
61ft
177
55 ft
89 X
105
68 X
44 ft
82
38
54ft
53 ft
65 X
40 ft
30
47
59
19
130ft
19X
194ft
21 X
19
I3X
34ft
8ft
70
85 ft
13 ft
18X
47
34ft 34ft 4-
LOCAL TRADING
CONTINUED TO LAG
Lehigh Navigation Met -Profit-faking
After Making New
Tep for Year
8500
1430
3100
1100
10C0
430
1530
700
20C0
300
200
1433
11400 4 13 Reval Dutch N Y.. 5714
200 .. Rutland pf 45 ft
1630 .. St Leuis San Fran.. ?0X
730 .. St Leuis Southwest. 34 X
100 .. St L Southwest pf.. 51ft
.J3. ' Seaboard Air Line.. 6JJ
1403 .. seab Air Line pf... 11 X
1300 .. Sears-Roebuck 91 X
100 .. Seneca Copper 12ft
100 .. Shell Un Oil pf A.. 96
15300 2 Sinclair Consel :4 ft
10200 .. Skelly Oil Ce 10 J,
400 . . Se Perte Rice Sugar 50
3100 6 Southern Pacific... 94ft
3100 .. Southern Rail 27 ft
830 .. Southern Rail pf.... 63 X
500 .. Splcer Mfg 20
12833 4 Standard Oil of Cal.114
1300 5 Standard Oil of N JIE6X
330 7 Stand Oil of N J pf. 1 18
53e 3 Sterling Product... 53ft
530 .. Stremherg Carb 54 ft
33330 10 Studebaker 131X
2600 .. Sub Beat Cerp 6ft
200 .. Superior Oil 71;
300 . . Temt Cern A F "A" I !4
100 .. Tenn Cep A Chem.. IC'i
11500 3 Texaa Ce 49X
303 4 Texas Gulf A Sulph 50
1530 .. Texas A Pacific.... 22ft
4303 1 Texas A Pae C A O 27 ft
100 .. Tidewater Oil 128ft
353J 6 Tobacco Products... 58ft
403 . . Tobacco Pred A ... 67
103 . Tel St L A W . 61
8603 . Transcontinental Oil 15X
100 2 Twin City R T 58
300 6 Union Bug A Paper. 72 ft
2400 .. Union Oil ly$.
iiuu 10 union Pacific iri v.
100 3H United Drug let pf. 48X
.. united itetau stores BO ft
. . U h O I P A Fdy ... 35
..US reed Products.. 6X
. U S Ind Alcohol 66 ft
..US Realty A Imp.. 78
..US Rubber 57 ft
8 U S Rubber 1st Pf..105
E U S Steel 1C5ft
7 U S Steel pf 121 ft
2 Utah Copper 69 X
. . Utah Securities 18 X
. . Vanadium Cerp .3 ft
.. Va-Car Chemical. ... 29 ft
6 Va Iren Ceal A Coke 57
.. Vlvadeu Ine 1314
. . Wabash 13
.. Wabash pf A 34 ft
. . Wabash pf B 23
1 Wells Farge Exp... 62
7 Western Elee pf ..10bX
. . Western Maryland.. 16ft
. . W Maryland 2d pf. . 4
. . Western Pacific.. . igi2
0 Western Pacific pf. 61 ft
7 Wcbttrn Union Tel. 118 ft
4 Westing K A M.... t4ft
.. Wheeling ALE.... 15 X
. . Wheeling A L E pf. 26
2 White Eagle Oil 26 ft
4 White Moter 48 X
. . Wick wire Spenc Stl 14 ft
.. Willys Overland 64
. . Willys Overland pf. 39
1 wrlgnt Aure inu
5700
500
500
500
300
1200
100
21600
400
2600
100
2100
100
100
5600
3200
1600
100
433
530
4730
100
203
200
203
1433
24.0
103
100
200
103
630
100
5UU
Ex-dividend 1 Ex-rlshta
2ft
59
76
22 ft
13ft
lift
159
97 X
107ft
115X
10ft
4 ft
17
76 ft
67 ft
P4X
89 ft
MX
26 ft
15
18ft
117ft
95
47
26
eex
2X
22
158
11
36 ft
4ft
82 ft
57 X
83
78X
46 X
7 ft
22X
28 X
44 X
49 ft
11ft
29
7W
41
69
99 ft
?9ft
91ft
21ft
92 X
46
?5ft
130ft
49 ft
32 X
l'7ft
33 ft
"-ft
79 ft
39 X
33
68 ft
94 ft
3ft
53 ft
56 X
45
30
33 X
51ft
6X
10ft
0ft
12 ft
96
33 X
I Oft
49 ft
S3 ft
?6ft
62 X
19X
111
183ft
117
53 X
54ft
128ft
6
7ft
1ft
10 ft
49
50
31ft
26 ft
128ft
57 '4
C6ft
61
14X
58
72
I & ft"
149ft
48X
79X
35
6ft
65 X
77
56 X
105
I04X
121ft
69
1BX
52
29 ft
57
12X
12ft
33
23
81ft
I08X
15ft
'A
19ft
61ft
118
13ft
Mft
26
26X
48 ft
14ft
6ft
39
10ft
22ft-
59 -
76X4
23 4-
13ft 4-
11ft-
159J4 4- 1'4
97 X 4- X
107 ft- X
115X4- 1ft
10ft- 3X
4ft 4- X
17 - ft
76 V 4- ft
98ft- ft
e4X4- IX
ft
89 ft
32ft-?6ft-15
-18ft-117ft-95X-
47
26 ft ..
E9
2X- ft
22 - ft
158 - ft
11
36ft 4- 1ft
li
ft
ft
1ft
X
X
4ft-
83J4-T-57X4-83
-78X-46
ft 4-7X-22
X
39 -45
ft 4-
51 ft 4- 2ft
lift
29
7ft
41 -70
4
99 ft -.
39 ft-
91 ft 4- 1
22 - X
92X- X
46ft 4- 1
r6 - 1ft
130ft- ft
51 4-32X-117ft4-34
4
16ft 80 4
40 ft r
33X4-
69 J4 ..
94ft 4- 1ft
3 ft 4- ft
53 X 4- X
17X4
45 -30ft-34X4-51ft-6ft
11 -90X4-12ft
4
96 34 ft 4-10X4-49
ft 4
94 4-J6X-62X-19X
113X4- 2X
186X4- 3H
118 4- 1
X
X
IX
IX
ft
ft
ft
ft
1ft
ft
X
ft
ft
1ft
X
1ft
2
X
ft
X
"x
X
Ji
X
ft
ft
X
ft
ft
53X-
54 ft 4-130X4-
5 -
7ft4-
1ft ..
10ft-
49 ft 4-
50 4
32 -
26X
128ft -)
58 ft
66 ft
61 -
14X ..
58 -72ft
4
19X
149
4. 1
35
6X 4-
5X-
77 4-
57 ft 4
105 f
105 ft 4
121ft f-
69 -
184 4-
52 ft 4
29ft-
57
13 4-
12X
33 ft
23 -
81 X r
10bX 15X
.4
19ft -61ft-118ft
4.
3ft
-6X-48X4-
14 ft
6X-
33
10ft-
ft
ft
2X
ft
ft
'ft
ft
ft
X
ft
X
1;
ft
ft
'ft
ft
X
X
ft
X
'x
IX
ft
ft
ft
ft
'x
Winter Wheat of Peer Quality
WtiHhlnstnn, Sept 1 This jenr a winter
MONEY-LENDING RATES
DIVIDENDS DECLARFn 1
II ..-l.l .A.. C...... 1 f Ul- . . . ,-. - . . - -
" " - - - - - -... b .,i,ii ""imi jvie ,,iiii.n .'Jffnnn (juuripriv -i.ii iitifif if.
otter iifiiv is. inn rnlwl line !,,., ,. ,, ninl. i... , , u. S per cen'. rasabit hniteml.er in i .i r ,Vi,..-..i "-:""." 2" c". ''Old clasitc
111..1 urur liu 1-iUlu jv. Hunt 'i I " " "" '""" 1 of record Aueust .11 . i?ii ?'La' " " V1a' Bl 4 W Per cent
10..iW.. ,nT1,U'!,,v?i7,.. M,?b" ' Ith' """ 8ver a'"1 4!i7 " -"l "'I ' International Sl.v.i 1 empany quarterly I Wm'lnFini 'r"1"?.
hHfc,Ll' VN'U I.A.VHh IWdpii Kine 1 th crop Is below trade .Ne 2 accerdtns te1 ' Per ctnt en preferred pei'ble UUeuir time 4U in 41 .. .,."" Pr nt;
hj.;. Acme t.umu, S0 ,ewer ,.,,.,. nnd tlmalc. ... , j 1. V
the Department Of Agriculture. The nu,n. euarterlv SI en ureterenrn iinrt, r.t.vu(-
Itnle Dntn
IV, Oct 'i2
t-,)', l).c
C. S. IV.1TON S: CO.
Oil A . ! I , I 1 ,
BANKERS
m . hAIX.KK "iijhVKV.seN
itensla and stiif k, M'Jthl and told.
mbr FIU. Stee It Tf h.n.e,
111
T-l'l uep !!('
tM'f Mn w:
" 11 ! 1, , (T. Iiiiiu inM
5 '1 ''i ' iji
J ", ' sB 1 1 1
i'i'i r I vs.
J 'I1. Pe 10 '.
t 1 X Mar l:d
t41i 6eDt lUl'll
tlty KradlnK wlew .Ne . was 40 4 per cent
last year and .!) R per cent In 19J0 This
year's grade Ne 1 wheat wr, estimated at
13 J per cent, am nst 10.7 per cent last
year and iO ft per cent In 10.0
U. 8. Certificates and Treasury Notes
Int Maturing
Illd Askeri VM
"I (esleld 3 '.' I
I'll te e'd n I
ltd 7-12 tn leld 1 3; 1
inn v id inn 7 in a 17
me 1 in 1 tin i m ,i )(
r.i.s ' ''', ?-.'.' I'll1" Nr" "rk. Sept 1 The N... erk r,nn
fi' n'rV ' 3- VJ 'tii. for Mr slh-r .' dnn.MI iBnwa.
ii1. ('.in nn !i . i ! f"l'l '"lay fr"m ''Sc te !m,J WJL"
1 1 I tl IU Kill 11. Ill I n nnr. fin'l Tne Th ,.J,i,n. ..'.'' I
?! ' . !!' I 10 1 bv the inrreased cost ,f ' V,,""" ."","'
100 11.1- 11, ettliiK te th. fact lhat th. nSim.Vrf.
Reduce Price of Ear Silver
100
t'jtejnnt from Fed.ral normal incem. tai I new accep Inir dtllviry of si
tArrentable for sivnunt of (nrnm (ax ,i,,. j. . "rt'ViV.''iT l"rl! .1' .?"
''.i.l m.ii.11. " "" "n,'rr in- 1-iiuni.n eri at ine
mi. irn lil.
wvirjuer ti as reh-iHicjea neinemrter n
American Woolen Company quarterly nf
$1 75 a share en both preferred and com
mon payable October 10 te Heck of record
eeptember'IS.
Manatl Sugar, quarterly per cent en
preferred, pamble October -' te eleck of r .
recdrd .September l'. Cn,ten. ,
liee h Creek flallread femrm), quarKrly 'flu'n.IS,.
Ml .niH pinabl. i) tuber . in sn k 'i Philadelphia
r md epleinber 1.1 !, ewlHiiij
Itkhinenl
tlania
BAR SILVER uu.ase
Oemesilc bar silver was quet.il at nn',c M'nnojpells
Reserve Banks' Discount Rates
Official rediscount rates at tha twelve Fed
eral Heserve Hanks are a, follews:
vjr purchased 't-rnne ounee In New lerk teda, a drop Kanus C'lly
hnatead of at tn. Philadelphia itlaU din U. 'quotation.' uralt'e.d a't SaVd. Hi7t-i
'
BLH . ..',
If' ..,.' Mfl.rVrTii'., . m
ii?w:,ilbilii.. l -
ajKAta. .n,-" f-rjtiViv a
rrea,. I.lh. ( em. nkr
clfs l"rrta rates, accent
h if k h
i'i 'A if
11$ P !V ft
Despite rcveral atlmu'lnting news de
velopments, overnight trading in the
innf etnxi.-a rnntlntied te lnir and price
chnnges In the mere important stock"
were lncenetiiientinl. Lehigh Naviga
tion started out te repeat jMlcnjny f.
performance, making n new "ten for
the year at "OVi, n point gain, but en
prelt-tnkriig. which was nnttirnl In view
of the rccen, substantial advance, later
surrendered most of the improvement.
Unless there fdinll be some unseen
hitch the nnthrneltc mining' suspension
will be a matter of history before the
week cletes tomorrow. The event,
however, has been se generally expected
the actual t-ettlement would seem te
have been already discounted. There
Is also the likelihood of quite n geed
deal of profit-taking en the strength of
the old street axiom of selling with
the geed news out.
Pennsylvania Kallread earning state
ment for .Tulv was in a sense better
than anticipated, although the effects
of both the coal and suepinen s strike
were strongly reflected. The action of
the company, however, in ordering the
new entiinmrnt foreshadows exception-
nlly heavy traffic nnd large earnings
during the remainder of the current
;ear, which, in turn, adds additional
assurance te the early restoration of
the per cent dividend rntcO, n ques
tion which the stockholders nre mostly
interested. The trading In the stock
was featureless, with little variation
In price around 47, which seyins te
be the stumbling point for borne reason
or ether.
Indifferent nttentien was given te the
utility group agnln. American Stores
dropped back e 147. the additional
point decline extinguishing most of the
gain made en Wednesday. Wefrt .Terse
nnd SeaMierc continued te bring 30, a
few odd lets changing hands nt that
price. Westmoreland Ceal moved up
te 7Hs en the Improved coal outlook.
Electric Storage Battery, after opening
'8 higher nt 48, reacted te 17. The
principal trading was still en the His
Beard.
FlneQrde Weel' Moving Batter
nosten. eent. 1. The Commercial Bulletin
will say of the wool market tomerrow: Tnere
Is a better tone In the market tnia
and even the fine grades have J"'n mevlnt
better. Price, generally are firm. An early
Passage of the tariff is fleeted, nj.y1'"?;
new stand, with the . probability that trie
Set rate en wool will be lowered sllfl t
from tha rnte in the Senate 1' ' b"?KJr,n
from the geed, market Inillcnte "lajke Ing In
demand, although a fnlr volume of bus neM
In light weights has been done, llrndfer
reports higher prices en merino tens, goon
Australian warp 4s being quoted at BH
pence for December delivery, row cress.
hTirtS are barely steady. The Kajt India
sales have ruled generally arm. .vienair i
In fair request and steady.
.... a. i... s-.i.il. -! "5
ruin euB. . r.i .jr. ecilVi V,
. New Yerk. Bept. JP-,Th raw.iugarMd
bet ( rairiv active ana nrm. with fi..i...r-
prompt nnd September- shipment eraetVi
84e te 8c. cost. and freight. . Bales f
terday inciuaeti iu.whi Dag. ex-store.
a j.i. dutv nald. te the Warner ft,,.'
fining Cempany: 20.000 bags same terms
the National Hugar lteflnlng Company.
21.000 bags afloat at Bc, cost and frefarl
also te a ler'al reRnery. Importations
ClUOOd fcll.uuu liiiln iuiiiia le inn Natleni
ellKHr liriinniB ,u, .,,,., , mm uuiiij t
tiLiiinntnefl tn Arbuckle llrethers. Th t.
mnrket la (Inn at prices ranging from . i
te 7c, less, 2 per cent for cash. Henne
report nn Improved demand for the shk
nt the fl 7.1c basis. Hales offices of the luS
rimers win nv wunqu imm luinani uai
Tuesday mernms nei
Philadelphia Stocks
1:IR Net
Illeh Iiw r. M. ehge.
100 Am S & C 10i 10'i 10i W
85 Am Strs.,148 147 117 1
r0 Ten Tr X J ."1 fit fil
115 Elec Ster. 48 47 47.
lOOfErle .... li 14i', Mft 3
25Hun&B TO 0 0 U
600 Lch Xnv.. 70 'A 7Si 70 U.
257 Tcnnn n It 47 40 4fiT Vb
5 l'enna Salt 80 SO 80 . .
30 1'hila Ce
cum pf.. 44 44 44 . .
102 Phila Elec 32 31& 31 V
54 de pref.. 31ft 31 31 ?s V
220 Phlln R T 324 32 32 . .
40 Tone Min. 2 2 2 -f- 4
205 1'nienTrac 41 40 41 Vs
10S U G I pf.. 55 54 55
30 W Jer&S. 30 30 30 ..
5 West Ceal 71 71 71-f
tNet change made by comparison with last
sale en New Yerk Stock Exchange.
riiiLADKi.riiiA iiexns
3000 Liberty 2d 4'4s '42 100.12
110 Electric Pee Tr 4s ctfs 08
3000 Phlln Electric 5s 102
2000 Phlla Electric 0s 105ft
1000 Phlla Electric 0s 100
COTTON MARKET
New Yerk. Sept. 1. Itegarding the
news ns much mere bullish this morn
ing, cotton traders were geed buvers at'
the start nnd first prices were 23 te 20
points higher. Japanese interests
bought October nnd January. Liver
pool v as a geed buver and Xcw Or
leans and spot houses sold, the latter
against jcsterda's purchases In the
Seuth.
Cables were firmer nnd both the stock
and foreign news mere favorable, while
dry weather continued ever the South
west. After the start the market held
steady.
Prexlnus Clese Open 1PM
October 'J2 Wl 47 V'2.70 22 '.,.'
December ... . 22 0.'Wn 22 S i!j 17
January !!J.4itflVl 22 70 22 21
March 22 .12 .",11 22 SO 22 31
May 22 43 22.70 . .
July 22..13 . .
u
DIRECTORS
Gee. ncnxruit, J. Ateit D. Atipniwi
Wiuiiu Weed
CltlnLXS WltggLEl
ClMB. li. INOSBSOLL
A, A. Jacksen
Siucel M. Ccnwsf
CLIIENCI M. UHOTN
8IEVINS HECKSC11U
J. JlAIITON TOWNSESB
C. Fsed'k C. BTOOl
Benjamin ness
WltLIlM Pest
Clement D. Newbold
CltlBLKS E. MiTHII
HiUSI K. UiKEl
lT
Mr. Walter Erben, President of the Erb'en Hard
ing Ce., Mfrs. of Worsted Yarns, said te us:
"A business craft with an efficient crew
and a steady hand at the wheel will sail
bravely in fair commercial weather. But
in times of stress, the support of a faith
ful banking connection may serve as a
hard-fastened anchor en a lee shore." u
Central Nations! Bank
of Philadelphia
Chestnut Street at FiMi
Capital (1,000,000
Surjylus and Undivided Profits Earned (4,700,000
m
SEPTEMBBR 1, 1923
WE TAKE PLEASURB IN ANNOUNCING THAT
Mr. Edward Brylawski
HAS BEEN ADMITTED TO GENERAL PARTNERSHIP
IN OUR FIRM AS OF THIS DATE
NEW HALL, GROSS
& DIFFENDERFFER
Jtfemfersi
New Yerk Stock Eaxhang
Philadelphia Sleck Exchange
Chicago Beard of Trade
NEW YORK
Knickerbocker Building
and 32 Broadway
PHILADELPHIA
Real Estate Trust Building
Bread & Chestnut Su.
ATLANTIC CTTY
Cor. Boardwalk atvl
Pennsylvania Av.
NEW YORK COFFEE MARKET
Xew Yerk. Sent. 1. The local cef
fee futures market opened quiet this
morning, with trading confined te n I
couple of lets of December nt 0.43 c, an ,
nnperrer eeing tne tiu.ver ami a com
mission house long the f-eller. First
prices were 1 te 3 points higher.
Cnbles reaching here have stated that
'he recent ndvance In the Brnyll markets
has been due te active covering of
shorts. This encouraged local senti
ment te some extent nnd at mid-day,
prices were ruling about S te 10 points
net higher, but the volume of business
was rather limited.
September
OcteVer
Ii ember
.March .
May
July .. .
August . . .
Bid.
Pre Clese Open
ft 4n -) an
n tn 4i
n is, in n 41313
. I( Tiff? 4fl (( 40
. 11 SOfa 1(1 'l 40 iff 4S
. U 3ftG40 40
. .. . !( 30
GRAIN MARKET
Chicago, Sept. 1. Tlie vvhent market
opened firm nt e te ftc advnnce anil
early in tne tiny snowed n strong under
tone. There wiih active bu.ving en the
German moratorium by these who hnve
believed that a change in the foreign
financial Mtuntlen would menu n turn
tn the mnrket. 'llie Liverpool market
was d te r'sd lower, however, and,
while the West reported that mere ex ex
nert business hns been done reivntlv
than has been reported, theic was llttl?
cvyience et mucn activity in expert
circles here.
Cern ndvanced Vc te e wt, hent
and ruled lirm with a geed demand from
commission bonus nnd shorts.
Oats were firm at 'in te ',jc higher
with a fair trade.
Previsions vveic ensv en verj lienvj
deliveries, hut an ndvance nf l()e te l."e
In live hogs checked the decline.
Cern ' I'rev tlesn open l y ji
September r,n inu in n (is un
December niS M'J i r,s ft.-,u
May 53 SS'ifei SS'j 5U
heat
September . en', l.nes i oe1
December I ill 1.H14 Wl ni4 1 n
Mts " 1,U"h 17"'S107S4 1 07S
September . 81 3t. 31.
Marb'r... I7,S Hii9 " gjf
ne '
Sepn mter nil. .n;
December "(111
I.unl
September 10 2(1 1 12
October 10 ,ii) n 22 ' '
Januaty , i jii
Liverpool Cotten
I.ltenioel. Sept 1. There wan enlv a
meileratB demand for spot lotion today
w th prices steady en the basis of an
advance of 4 nelntK for mld.lllnir at 1,1 70,1
The sales were 4000 bles The rccalnta
wr .-.nea hiu. i. i,ii,. ,.,;"?. receipts
i; i ...v..:. ' .. '""".'". 1-"", "lies Amer
""' iivaiiy ill tiui ,,rli
nrirae tuaea a 1 -
lean KuturcA
(leallnKn Hpet
nil Idling fair.- 1 1 eW," goedmlddllrtr la Ti'S"
fully mlddl ng H(M, middling 117(11
low ml Idling. 13.2J.I. geed I erUlnVVV. VJ. Ad
Kllil nrillTihrt 11 (ili.l ' .-.IVii
low
and iirduihr
.,,,1,
11 nnd
Londen Metal Market
, .'"Jideii, Sept 11 stand inl copper sum
HU Ss. futures. (Hi 10 Ule tiuiil i??,'
ten lus, lutuies, (70 10s Tin. anet fi.ii
f utui ea. Cllll 6s Lead. spot. (24 VwVf u '
isstm"' ", Zlnc- W. . Mjiirtt:
J1
The Chicago & Alten
Railway Company
Three and One-half Per Cent. First-Lien Fifty-Year
Geld Bends
DUE JULY, 1, 1950
In view of the appeinlment of receivers for the Chicago &
Alten Railroad Company, the undersigned committee has been
formed te protect the interests of the holders of the abeve
bends, of which 22,000,000 are outstanding. The members of
the committee represent large holdings of these bends. A do de
posit agreement s in course of preparation under which the
Farmerc' Lean and Trust Company will act as depositary and
the committee intends shortly te issue a call te the bondholders
te deposit their bends thereunder.
Dated New Yerk, August 30, 1922.
F. H. ECKER. Chairman
BERTRAM CUTLER
J. H. PERKINS
J. V. F.. WFSTFAt I
COTTON F"ANKUN,(i AgA W,NG
- Committee
THE FARMERS' LOAN AND TRUST COMPANY, Depositary
22 William Street, New Yerk City
F. A, DEWEY. Secretary.
22 William Street.
New Yerk City,
GE0.A.HUHN&S0NS
Member et the Philadelphia, New
Yerk and Chicago Stock Fxrhangta.
New Yerk Cotten rsrhnnire
STOCKS & BONDS
benclit nnd sold for cash nr
rarrled en renservntlie mnriln.
llellevne Court Illd.. lttH Wnlliut St.
N. V.. in nrmilwnv
NEWBUnGER,
HENDERSON & LOEB
Members New Yerk and
Philadelphia Stock Exchanges
1512 Walnut St.
In Continuous Business
SOffcaW
MOVER r CO.
MaJ AS4L4.VAV.4 9TQ(M tt(44t
Bankeus & Brokers
801 Chestnut Street
WHY lias no huenter ever lest n dol
lar nf principal ur Interest en nny
ereurlty lieuxlit of S. VV, Mrnus A Ce, 7
Write (ur our booklet 2-( mid leant the
reason why.
S. W. STRAUS & CO.
Bleck Eailiunge Uldg., I'lilludelplila,
FINANCIAL
Illvldenils
TIIK WILLIAM ( KMI 4 hltNS HUH' AM
kmii.m: iiiii.niMi (iiMi"ky u
Dividend .Netice ,
Auuixt 11, lll'i'
Ills Heard of Directors Ima Una d.iv"de.
cUrid a iiuurlerlj illvldeinl of f, IS no ,,
share), pa ible Seplenilier 30. VJii. te sieiK.
hnldtra of record nt ,i I' .VI ..,, si..,. . ..'
le. lOiJ. Il.i. tnn.fei books of ,e " V
wni ''ll le "I"-"1 '!" "if purpeee or this
dividend fiem 3 1'. JI. September 15. ll) "
until at A. U. October 2, 1UJ '
tUAULiB T, TAVI.OR,
. Treaiunr,
Any man
who wishes te knew
trading procedure en
New Yerk Curb Ex
change stocks should
have a copy of
"Investors Traders Guide"
the latest and most in
structive book published
en the profit possibilities
of America's second larg
est stock market-38pages
of real information.
Ask for free copy
Call, 'phone or write
Jenes &. Baker
Member! New Yerk Curb Exchange
Direct PrVvaVeWire
New Veilt Chlcsre Doiien fMlidelphli
I'iiuburia Octrei! Ililiimere Cltlnii
, PHILADELPHIA OFFICE
Widcncr Building
Telephones!1.'" Locust 4730
P Keystone . RacaSSOl
BALTIMORE OFFICE
Emersen Hetel
Telephone Plata 845 1 '-
I
Ml
I I Saiinat Deurtmtnt ) I
First National Bank 1
or Philadelphia .:ffl,l3l
" ' BiBBiailf
- ) id
wemLl'S igr, iiwJ-yMtjtAU-
UJ,
-I
' '- stYJASJ