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EVENING PUBLIC LEDGER-PHILADELPHIA. TUESDAY. SEPTEMBER 5, 1922
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W t e
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Yeu will never appreciate
i the convenience of a
Checking Account
until you have one. As a
saver of time and trouble,
The Check Method
of handling personal or
financial matters is one
of the most .beneficial H
icaimte Ui H1UULTI1 UU31-
ncss.
BULLISH ACTIVITY
CENTERED
N T
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afttrneen Rtpert in Phlladtlphla Quoting Full List
Mevement of Main Bedy of
Steck3 Confusing Reflecting
Twe-Sided Trading
Your Checking Account
may be opened at this bank
with as little as $100.
Capital, $500,000.00
Surplus (Earned),
$2,250,000.00
Established 1S71
IB J I
XAPITALS50a,O0O.OOl
SURPLUS (EARNED)
gz.a5n.oeo.oo
New Yerlt, Sept. f. Ax there were
no tlls-tiirblnj development attending
the Laber Day holiday. Wall Street re
sumed business in ra:m KttHe of mind
tedaj- and during the flret halt of the
session Mrenct i and aetlvltr prevailed
H lu the majority of stock.- After mid
day tne trading ncr.une mere ttte-iuea
because of the mwe acsrelve attitude
of the fleer contingent, which caused
Increasing irregularity of movement nnd
te feme extent conflicting, as slecks In
the same groups at times drifted in con cen
tiurj directions.
There wax ewentially llttV change In
the general character of the trading, as
a great deal of attention was again de
voted te the se'eeted issues. There was
MiM'ireiis circumstances pointing te the
familiar maneuver of the professional
traders of concentrating interest in
then; individual teclH in order te de
tract attention from profit -taking and
diistributien in ether quarters. On the
ether luind. there was nlm evidence
present of an effort en the part of the
bear contingent te force a general re
action In organized drive against some
of the kneun weaker and unprotected
peculative iue Altogether this net
only served te give nn active and
broadening aspect te the general move
ment, but the varying changes also kept
the speculative pirit keenly alive.
A firm tone prevailed at the uutet.
but the trading was relatively light and
price movement beiame leniticii as tne
M morning progressed Keck inland hieke
H through ter a new high, anil I'nieii l'a-
iiLwi'rai.iniiiEi'ra'tOTri'nacmnsiiH
:ces
Laclede Gas Light
Company
Ref. & Ext. (new First)
Mtge.GoldBends,due 1934
Listed en
New Yerk Stock Exchange
These bends are secured
by a direct first mortgage
en all the property of the
Company which does the
entire gas business in the
City of St. Leuis.
Price 95 and Interest
Yielding about 5.60
Complete circular en request
Harris, Ferbes & Ce
Pina St., Cor. William
NEW YORK
PHILADELPHIA OFFICE
Widencr Bids.
Telephone Spruce 704O
rii..
Sale In I
100
tllie and Baltimore and Ohie eslcnded
their early gains, but liberal offerings
of Atchison. New Haven and Northern
l'aclrlc resulted in substantial recession'
In these shares. Mexlwin Seaboard Is
sues were uniUr pressure en the an
nouncement of n heavy reduction in
production. the common deelining
nearl.v 1! points und the ecrtiuVates 1'4.
Mexican Petroleum nlse ilrepped ba' k
mere than ll points, with smaller
losses in California Petroleum nnd J
Standard Oil of New .lersev . but Heyul I
Diir, h and Pure Oil advanced meder- j
atel Retail Stures. Allied Chemi-al I
and Famous flayers all establi-hed new J
high prices for the jear at gains of 1 j
t. U.. points The demand for con-
pers broadened, but A mem tin Smelting
was reactionary. I'ullman and Mon Men
tana Tower ali-e were heavy.
FOREIGN EXCHANGE
New Yerk, Sept. .". Business was
reMimed in the foreign exchange market
her today with an irregular and
mainly lower range. Sterling was un
changed, francs and lire lest 4 points;
Belgians 7, Norway S: Danish I and
marks a4 Swiss showed an improve.
mnt of '' points. Guilders gained 4
and SwedUh .
Ouotatlens were' Sterlinz cab's
1 4T14. demand 4 40" ; franc cables 9 200
7D. .hecks 7 T'.tU : Helgl'iU cables' 300
7"-. . haelri. rrtil. tire ,iMr .l". '500
. .... -M-D.- ... ., ( , ...
checks 4 "."'j , Sw.-s i itble 10. IK!,
checks 10.011; peseta tables !.".. "0.
ei.e.'ks l.Y-Js; Danish cables 21.411.
checks 21.44. Norway tables ltl.tVJ.
chei'ks 1(1.." : Swedish cables I'tl.iVI.
checks 2ti..'il; guilder cables 39. 00.
eLecks SSW; mark .07' j.
The premium en New Yerk funds in
Montreal today wns nominal at l-.TJ
per cent. Discount en Canadian funds
in New Yerk was 1-32 per ient.
In the Central European exchanges
quotations en Serbian and .luge-S!avinn
are nominal. 'Hie feature was wide fluc
tuations, with a gain of 24 points, in
C'r.eeho-Slevakian. and a decline of 1."
rfaaT V 'X ' liwi -IV illhllUI , 41 II' t a WLV. IMI.- ill (M
IF prints in iJieek exchange Humanian
TTT I gained u jielnt. nnd t inniMi reje 2
VVITIlG iOr IS points. Quotations were: Bulgarian
Booklet 776
ONE of the simplest and
clearest little books en
investment is our"Com eur"Com our"Cem
mon Sense in Investing
Meney". It explains the
fundamentals of secur
ities and will help you
te safeguard yourself
against less. Write for
it today and specify
BOOKLET 776-Q jj
SSW: STRAUS 5c CQ
KCOHrOKATID . UTAlUtUU lltl
Bteck Exchance Dldg.,Pbil.
Tilifkcnt Sruci 561
40 years without lei
te any investor
ic) 1022 S XV S ft fe
Factors Favorable
te Canadian Bends
With the bright outlook for
general busines.-. in Canada,
combined with the marked im-prex-ement
in quotations for
Canadian exchanRC, Canadian
Gex'ernment, Provincial and
Municipal bends afford in
vestors a geed opportunity te
invest funds with safety and
profit. HiBh-frrarle bends of
this character are still available
at prices te yield from
5 te 5.75
Full particulars P-95 en
request
Weed, Gundy & Ce.
Incorporate
14 Wall Street, New Yerk
Terente Montreal
Londen. En. Winnipeg
t!." : Humanian .7H: Serbian l.Oil;
Cireek 2.b5; (Vccho-Slevakian 2.52;
Jiitfe-Slnvlan .27' : Polish .0122: Kin
iitsli 2.19; Austrian .0010; Hungarian
' .oer,' A.
1 SATirKDAT S rf.o?ie QL'OT.XTIO.SS
Sterilns lYanr I.r GulMfra
Imn4 4 4T't T S5ij 4 40 as.t'3
l'vb,"l 4.474 7 60 4 40', 3j nj
TODAT'S f'Pr.MNO OVOT XTIONS
St.r.ms F!-r,r t.r Qullttrt
ri'tvtnA 4.rt'i 7 7' 4 3.Vj SS US
.. n.er I 47'- 7 Se 4 30 SO Oe
BANK CLEARINGS
nr' r Nr'rui tr.1,i" eiipn ti with cer-
ruenlir.K Ujt two : f ars
1 2i '031 19I:
v T r.in.7oe.noo 3io.5iKi.ein 437 :si,477
Fi a jeift'joeno $ivi enn nnn j7.s.tl4,7Se
P Hen . IO.000.OOU SSStl.DSl 3S 118,307
money-lending rates
I T.V YORK Men!' en eU both el
ff rt istri1 epnd today t 4 per cent
f r 1'nllrii and renewtnit
pun. nKi.rniA - ru, 4x4 p,r cent.
timf t' te 4-i rr -T,t commercial paper.
Uir. m iiv n-"ntn 4 ' te 4 'i v.r rent.
I.OMIDV Jlenev 1 K pf cnt TMaceunt
rn'i" hert nnd thre mentha' bills, 2'
DIVIDENDS DECLARED
1 amdlai Onira Klertrlc Cernpiny. nuar.
ir m p- tnt en common p"xM
Octeb-r 2 te mock of rererd ."eptembr f.
I'annda iiri-ad Company, nuartrly li
pr '-nt en prefeied, paahl October 1
in t'"i-lc nf ri-erd Peptdmlv-r I'l
K h sr""ni1fld Tire Company quartrlr
1 , pr nt en 5 per cent J referred pay-
,,i,i lutrber 2 te Btecu or receru !ptem.
Xtei'i-an Jtreum niiarterlv of 3 per
1 t t en onmen. piabl October 10, na
reirietertd September IB. anl 2 rer cent en
preferred, payable October 2 te ateck of
'r""il fieptmber IS
Pan-American Petroleum nnd Tranapert.
quarterly of 11.80 en tlaaa A and B steclu.
Liverpool Cotten
I.lrerpoel. Sept. B -Tbera was an In.
creaaed demand for epet cotton today with
1 prlcea ateady en the baala of an advance
1 of I point for middling nt 13 S4d The
1 lnles ere ln.oeo bae The reclpti were
flOne hl" Includlne 3000 bales American.
FUturea were rjutei I" Hi- --.triv QenunKI
ftni-nran itunii.tng ran
2m.t nna IHT-
II Mil reed mlddllnif la .',01. fully mld
llme. 13 44d. mlddlln 13 :ud low mid
d'lny 12 Sd KOed erdlnar). 12.04d, and
erdinar. II S4d.
W. A. Ilarrimun & Ce.
1NCOKPORATED
Srexel Uldfj., Philadelphia '
HKW YORK CniCAOO
BOITALO HTnACUSK
PtNNA- TAX-FREE BONDS
PAUL & CO.
KnaWn Vblla. BUcfc Ezchasn
'- U CHESTNUT TRIET
'.4 Hu KM Cam MlHUMI '
Raw Sugar Market Steady
New Yerk. Sept S The r- auaar mar
ket 1 neriH-t ateadv tnrtaj uea bin quoted
at as?8'tr. nd Torte Ri ane at J'c. for
September ehlpment Impertatlnni ue,r 20.
000 bira Cubaa te the National and 1001
iasa rubaa te an Importer Salei reperteil
were 33 ''00 1ia pren pt anlDmept Cubaa at
3r coat and freight, te a Vew Tork re.
finer, and 20.000 bans cubaa from store, at
1 24e duty paid te a New Tork rflner. The
firm tendency In the raw market brought
aheut a chanRe of a'ntlment -men- buyera
of refined, and the federal Kumar neflr.lnu
CemP'tnv and Arbuikle Ilreihera advanced
quotation 2.X ilnla te A 73c leea 2 per
'lnt .WOil Ol II1C UUl-l l.llllip im imi.1-
In 7c. ! 2 Pr cent, and the moderate
demand la reported, at theae ptlcea
Londen Metal Market
Txinden, Sept. a Standard copper, apet,
rt3 2a rtd. futurea. 1153 10a Kleetrelytlc
pet 70 .1i future, 170 13a, Tin, apet.
HBO 12a 0d- futurea. 110. Tad. apet
24 na; futurea, 23 10a. Zinc, apet, (31 fia,
futurea, 30 10a
Parlt Bourse Firm
rarta, Bept. S. Prlcea war firm en Oi
neurae today. Threa per cent rentei. 1
franca SO centlmea; exrlianga en Ionden, 67
franca SO centimes! R per, cant lean. 76
franca 70 centlmea. The dollar was quoted
at 12 franca M't centlmea,
BAR SILVER
riemeatln bar silver was unchanged In
New Tork ledar at "!" Vr flne ounce, for.
e!n. 70i a an ndvance of f In Ionden
the prlce waa Hd higher at 35Sd.
WHAT'S TOTC TKKND OT HUfllNIMBf
I fn(rn&tleimlly. (
nd F&rb hv tnUreaUnf cemmtnt
' Jtasv fc mmv "
BTOCK tilth tow
3 Adx-ance rtlimK- nf. B8 S8
200 . . AJax Rubber 1 1 H 1 1U
13700 4 Allied Ohem Pye. 91 M 89'.
300 7 Allied Ch A Dye pflM?i H4I4
603 4 Allls-Cha'.mer 59 S8U
100 fi Am neach Msfrnete 39 Vi 39 li
100 4 Am n ah Fi1y new 76 76
100 7 Am II Sh K pr naw.MO 110.
1900 ., Am Can 63 !4 62 i
103 .. Am Chicle 914 9'i
1200 .. Am Cotten Oil 28 M 27
100 .. Am Cotten Oil pf . . 55U 5SU
400 . Am Dmr 9yn. .. . 6H 6I1
203 7 Am tee 118 117H
100 6 Am Ice pf 94 94
500 .. Am Inttrnat Cerp.. 35!4 351i
100 1 Am La France Enn 1314 13 '4
BOO . Am IAneed 36 ?4 3H
1203 .. Am Mnneed pf 56 S5H
4000 Am Locomotive.... 123 H 122
100 ; Am Uce nt 120H 12014
103 3 Am Metal" 4614 45H
230 4 Am Radiator 117 117
1003 .. Am Safety Razor.. 711 7
600 .. Am Ship & Cem 16 H 16!4
2100 . Am Smelt 63 H 64
100 12 Am Snuff 158? 1584
1500 3 Am Steel Foundries 42 H 42
300 . Am Sugar Ref 84 83 U
3500 9 Am Tel & Tel 127 126
4420 . Am Tel A Tel rts... 30 H 30 'i
600 12 Am Tobacco 168J4 16614
400 12 Am Tobacco B 164 163U
100 .. Am Wntrwks 6 pf 40 40
2200 T Am Woolen 96 H 95J-S
120 T Am Woolen pf 108H 108i
100 . Am Writ Paper pf. 31 Vt 31 J-i
6300 Anaconda Cepyer. . . 56 5514
100 .. Ann Arber 21 J4 21 '4
100 . Ann Arber pf ... 49J-4 494"
1600 Atch Tep A San Fe104 103
100 6 Atch Tep & S F pf 94H 94 U
200 . Allan nir A Atlantic 3 3
700 : Atlantic Coant Llne118i 118
3100 .. Austin Nlcheli.. . 31 '4 304
100 7 Austin Xlchela pf. 85 !4 85 Vt
11800 7 Baldwin Locemotlve132i 1?-9!4
2300 . Baltimore A Ohie . 58 J4 58'4
300 4 Baltl a Ohie pf . . . 55Vj 55U
1500 .. nmdalt Claaa A.. 37U 35H
200 . Harnett Leather.... 62 i 62 '4
100 .. Beechnut Packlnr.. 31 31 '4
100 S Beth Steel pf..113 113
900 S Beth Steel B ... 78 'a 78
400 .. Rklyn Rapid Transit 254 24 i
200 . Hklyii R Tctfs of db 20 U 20 V
100 S IJrklyn fnlen Gas.. 119 119
100 .. Breun Khee 63 63
2200 10 Burn Bres 13BU 136
1100 2 Burns Bres H . ... 49H 48 '4
400 .. Butte A Sup Cep... 30 !i 30 '4
200 . Butterlcl; Ce 20 '2 2014
200 . Cadde Ccn O A R .- 10!i 10'j
503 California Petrel... 65 64 S
100 7 Calfernla Pet pf 95 95
BOO Cal Zinc and Lead . 8H 8U
2033 10 Canadian Pac.fic . 149(4 14814
400 . Central Leather 41 y2 40
100 .. On Leather pf ... 77 V, 77 !4
1300 Cerre-de-Pasco ... 41 U 40 '
1600 6 Chandler Meters . 63 62
830 4 ChesnpeaUe A Ohie 76 H 76
600 Chlcafc-e A Alten . 34 3 '4
900 .. ChicaRe A Alten pf 6 6'i
600 .. f hlcage & K 111 . . 38 H 38 'i
100 .. Chicago A Gr West 7i 7 V
600 . . Chi A Gr West pf. . 18T4 18'i
2000 .. Chl Mil A St P 33H 32'
3000 . Chl Mil A St P pf 52 50 K
3030 6 Chl & Xerthwestern 94 H 93'
100 7 Chl A Northwest pM24 124
3200 4 Colcage Pneu Teel. 84 i 82 4
15300 Chl R 1 A Pac . . . 4914 47 H
400 fi Chi R I A Par G pf 8Ci 86(4
300 7 Chi R I A Pac 7-e pf 97'j 97
8700 Chilt- Copper .234 2 J
600 rhino Cenner . 31 'i 31 '1
B nil St P M A O . . 82(4 82
O.uetr-Peabedy ... 644 6AU
4 Ciisu-Cela. 70 70
700 Celutr. Gas A i:c. .104(1 1034
100 .. Lelum Uraphophene 34 3'
1200 r, Cemput Tab Rec 7b H 74(4
100 Consel Cigar 3614 36(
200 Continental Can .. 66(4 86
3003 f Consolidated Gas 1374 136(4
100 S Consel Gas of Baltl 1184 1184
4000 .. Consel Textiles. .114 11
100 4 Cem Products Ref.. 119 119
5500 I', Cestlen A Ce .... 4954 48U
13000 . Crucible Steel . . 98 954
JS 100 T Cruclb'.e Steel pf . . 99 99
4800 Crucible Steel rti.. 4 '
1200 .. Cuban Am Sugar .. 27 26 'a
200 .. Cuba Cane Sugar . 15 H 15
300 Cuba Cane Sugar pf 39 "a 39 '.s
100 Davisen Chemical.. 52'a 52'a
400 .. Debeers C Mln Ltd 24(4 24(4
900 3 Delaware A Hudsen129('i 128(4
400 Del Lack A West . 134'i 133'i
600 8 Detroit KdUen 117 '4 116
300 2 Deme Mines 39 38 Ta
2200 S Du Pent (E 1) Ce..149'4 1474
100 5 Eastman Kodak... 85 85
1700 2 E'.ec Storage Bat . 46 J 46 4
100 .. Elk Hern Ceal 22 22
700 .. Emersen-Brant pf . . 407-j 40
900 5 liidlcotUJehnson . . 89 88
760 - . Erie 164 15 '4
2100 .. Erie 1st pf 26 !i 25
400 Erin 2d pf 174 17 4
13200 S Fameui Players L..107 102H
2100 ? Famous Players pf. 1074 105
300 Fed Mln A Smelt . 15'-j 15
3100 5 Fed Mm A Smelt pf 5914 57 4
100 in Fisher Bedy 114K 1144
100 S Fisher Bedy of O pt 91 91
100 . Fisk Rubber 12i 12.
2400 . Freeport Texas 24(4 24
600 3 Gfn Am Tank Car... 68 65 "4
3000 . General Asphalt 70 '4 6914
500 General Cigar 82 '4 82 Is
200 I General Electric. .. .186 I85"a
12600 . General Meters 14!, !4'4
100 7 Gen Meters deb T 99 4 99(4
euu .. tioearicn jd jyi
300 . Granby Mining .... 32', 32(4
2000 7 Great Northern pf. 94 ? 94 '4
500 4 Gr North Ore ctfs.. 41 14 41(4
100 .. Gulf States Steel... 74 14 74(4
100 . flablrshaw Electrio. 2(4 2 '4
100 3 Homestake Mining. 73 73
,600 .. Housten OH 81 80
800 2 Hudsen Moter Car. 21 21 '4
200 1 Hupp Moter Car... 19 18 14
2000 .. Hdraullc Steel.... 84 8
100 7 Illinois Central. ...Ill (4 1 1 1 14
100 6 111 Cent pf "A" 112 112
300 .. Indlahema Ref 3 34
830 .. Inspiration Cen Cep 42 "i 42
100 .. Inter Cen Cerp 1 4 14
500 .. Inter Cen Cerp pf . . 4 44
100 .. Inter Agrlc pf.... 384 38(4
100 2ij Internat Cement... 33 4 33 J4
700 2 Inter Cem Eng.... 27 54 27
100 6 Int Harvester new..1 11 111
300 .. Int Mer Marine.... 14 14
1500 6 Int Mer Marine pf. 58 4 564
900 .. Inter Nickel 18 174
100 .. Inter Nickel pf.... 82 82
14600 .. International Paper 60 K 57
700 6 Inter Paper stpd... 76 75(4
100 .. Invincible Oil Cerp 144 144
100 .. Iren Products 33(4 33 )j
200 .. Island Oil H 4
200 .. Jewel Tea pf 63 6? 4
2100 .. Kansas A Gulf.... 4K 4H
100 .. Kan City Southern. 2514 25ft
300 .. Kayser A Ce new.. 47 4 46 4
300 ,. Kelly-Springfield .. 43(4 43,
5700 . . Kcnnecett Copper. . 38 37 4
200 .. Keystone TAR... 8H 8S
400 . . Lackawanna Steel.. 80 se
100 7 Laclede Gas of St L 90 90
Nat
Chse.
4
1H
J4
1
H
1
1:30
r. m.
58
II H-t-
91
1144 4-
58(4
394
76 -110
624
94-
28J4 -r
53(4 f
6 4
1174-
94
334-
13(4 4
3514-!- 24
56 4 -r 14
123H 4
120J4 - 4
46 (4 Ts
117 - 24
71'. - 11
164- " '
64 4 - V4 1
1584 r 4(4
42- V4 '
84 - '4 1
1264- ! 1
30 '4 !
1674 4- 2", I
163(4 - 14 '
40
95 ?i :-
1084 4-31(4-55
21 Ji -49(4
-
103 -
944 f
3 -
1184 '
31 T4 - 1
85 4 ' '-4
132 - 24
58 4 1- V
55 4
3614- a
624 4
31 '4 - 4
113 !s
784 - 1
Dlv.
Salea In I PTOCK Hlh
200 . . Lake Krle A West pt 73 U
200 2 Iee Rubber 2614
2700 34 Lehigh Valley 69 la
7300 7 Ll"m Locomotive... 65 K
8000 .. I45w' Ine 20(4
200 .. Left Ine 124
300 .. Loese Wiles 934
200 12 Lerlllard (Pierre).. 1784
600 7 Louisville A Nash.. 140 J 4
1300 .. Mack Truck 57
100 7 Mack Truck 1st pf 90 Jl
100 6 Mackay Ce 103
100 .. M&lllnsen Ce 38i
100 .. Manatl Sugar 45
200 7 Manhat Kiev Guar.. 53(4
400 .. Manhat Kiev ctfs... 53 H
2000 2 Manhat Shirt 414
300 fi Market St pr pf 65 4
1600 4 Marland Oil 404
200 .. Math Alkali 46 4
100 .. Max Moter Class A. 59
100 .. Max Moter Class B 19 4'
100 s May Dept Stores.. 130
. 100 Mclntyre new 194
18800 13 Mexican retreleuml97(4
200 s Mex Petroleum pf . . 984
12500 fi Mex Seaboard 2114
100 , Mex Seaboard Oil ct 204
lea I Mlam Cerner 30
4l
4
t.i
u
4
1
4
114
4
4
1
54
4
4
4
i
'i
e
4
244
20(4 r
119 -63
138 -t-484
-30
' r
20 4 -104
64 4 -95
r
8'4
1484 -
41 4 T
77 4 -
41
62(4 -
764 -i
34
6(4 -
36(4 -
74
184 -
32 ?4 -
51 -
94 -!-
124
82H -43
i -864
-r
97
234
31 h '
82(4 r
644 -70
1034 -
3Ts
74 J4 -
36 4 r
86 -
1364 -
1184 ,-
1 Hi r
119 ;
48 4 -982
99
4
26 Ta
15 -39
4 -52
4 -24(4
.
129(4 1
1 33 4 -117(4
r
38 ?a - (a
1 48 I 4
85 -i 14
464 - -i
22 - 4
40
884 4
154- 4
264 r 14
17 ?4- 4
103 1 ' 4
106 H - 1 !4
15 4 Hi
384 : 24
1 1 4 4 -r 14
91-4
12H 4
24
67 4- 34
6001.20 Middle States Cerp. 134
. . Aimvaie Kteel 35)4
. . Mln A St Loul pew 10
4 M St V A S St M. 71
. . Me Kan A Tex (wl) 1 8 T.
. . Me Kan A T (wl) pf 464
. . Missouri Pacific... 23
. . Me raclflc pf 59
3 Mentana Power. ... 75
. Montgomery Ward. 234
. . Moen Moter Car..'. 14(4
. Mether Lede Mining II '4
7 Nat Biscuit pf .. ..120
. . Nat Cleak A Suit... 56(4
. . Nat Cen A Cable.. 2(4
. Nat En A Stamp... 58 4
6 National Lead 109
. . Nat It It of M 2d pt 54
. Nev Cen Copper.... 17(4
fi N T Central ... 98 4
5 N Y C A St L 85
. New Yerk N H A H 32 4
2 New Yerk Ont A W 264
7 Norfolk A Western. 120
f. North American .... 94 4
3 North Amer pf .... 46
S North Pacific 89 'A
. . Nunally Ce 10(4
. . Okla Pred A Ref.. 24
. Orpheum Circuit... 23
S Otis Elevator 158 4
2 Owens Bet Mach... 37 4
. Pacific Devel Cerp. 44
5 Pac Gas A Klec. . 824
3 Pacific Oil 57 4
fi Pan Amer Petrel . . 84 4
K Pan Amer B 79 4
2 Pennsylvania R R . 46 U
Penn Seaboard Steel 7,4
Pere Marquette.... 38 H
3 Philadelphia Ce 444
Phillips Pet 52(4
. . Plerce-Arrew Moter 1 2 4
. . Plerce-Arrew Met pf 32 4
3100
100
200
1400
1900
100
300
400
2603
1C0O
3600
100
100
200
200
800
400
tee
100
100
4300
2C0
6200
3700
100
2300
100
400
2200
100
2400
200
100
1700
15300
2100
200
4000
600
200
4200
500
2400
100
3400
F50
700
. Pierce Oil pf.
5 Pitts Ceal. ...
6 Pitts Ceal pf
Pitts A W Va .
400 14 Pend Creek Cea!
74
. 70!j
. 99 4
. 40
. 21 4
. 9414
.110
2100 s Peatum Cereal..
200 X Pestum Cereal pf
100 7 Pressed Steel Car pfl00(4
19300 7 Producers A Ref pf 48(4
1 100 fi Pub Ser Cor of N J 97
4100 8 Pullman Ce 131(4
100 Punta Alegre Sugar 50(4
7200 2 Pnrp Oil 33 M
50 4 Railway Sec 70 4
200 S Railway Steel SDK .119 4
3003 41 Rand Mines..
s
35
164
80 4
4H4
74 4
1
300 Rn.v Cen Cenner.
1400 4 Reading
200 Remington Typew
200 .. Rem Typew 2d nf
a 4100 Henub iron . Steel 724
100 Replogle Steet 324
100 Rep Iren A Steel pt 934
1000 Itepub.ic Meters 34
100 Reynolds Springs... 29
, P 1 00 3 Reynolds Teb B . . . 53 4
a 106004 13 Royal Dutch N Y.. 594
4
4
2'i
54
500 .. St Leuis San Fian. 30(4
100 .. St Leuis S Krau pf 56
200 .. St Leuis Southwest. 334
1000 . St L Southwest pf . . 51(4
100 .. San Cec Sugar. ... 3(4
200 . Seaboard .Mr Line.. 7
400 . Seab Air Line pf . . 114
300 .. Sears-ReebucK . ..89(4
200 . Seneca Copper .... 12j
7001 55 1 Shell Transport .. 40(4
3100 2 Sinclair Consel. .. 34
100 8 Sinclair Oil pf 99 4
1100 . Shelly Oil Ce 10 4
200 . Sless-Sheffletd 50
1800 6 Southern Pacific... 94t;
500 . Southern Rail 26 H
3.700 . Southern Rail pf... 644
300 . , fiplcer Mfg 20
5200 4 Standard Oil of Call 14
400 5 Standard Oil of N J 1 84 4
100 .1 Sterling Products... 53(4
200 3 Stewart Warner Spd 48 4
500 Stromberg Carb ... 554
18700 10 Studebalter 134 4
200 . Sub Beat Cerp 6
1500 . Superior Oil 74
2500 . Sweets co of Amer 2?
6500 .1 Texas Ce 49
3100 4 Texas Gulf A Sulph 51 (4
400 .. Texan A Pacific 32 4
30J 1 Texas A Pne C A O i6(4
1500 6 Tobacco Product. . 584
2100 . Tobacco Pred A.... 864
300 7 Tobacco Pred pf.... 1074
400 .. Transcontinental Oil 144
100 7 UnderwoeU Typew.. 145
1400 6 Cnlen Bag A Paper 75
1100 .. Union Oil 194
800 .. Union Oil rts (4
1300 1ft Union Pacific I50J4
400 2 United Alley Steel.. 38
100 x United Fruit 154
4100 . United Retail Stores 81 H
1600 . U S C I P A Fdy... 34 4
600 ..US Feed Products 6 4
1500 .. u S Ind Alcohol... 664
100 .. US Realty A Imp.. 7714
2100 . U S Rubber 57 K
100 S U S Rubber 1st pf104(4
8300 5U S Steel 1054
1000 7 U S Steel pf 121H
5100 : Utah Copper 71
4100 .. Utah Securities.... 204
2800 .. Vanadium Cerp.... 53(4
100 .. Va-Car Chemical... 294
700 .. Vlvadeu Inc 13(4
800 .. Wabash 124
1200 .. Wabash pf A 34
400 7 Western Elee pf...!09H
1200 .. Western Maryland. 154
100 .. Western Pacific... 194
200 Western Pacific pf . . 62
300 7 Western Union Tel. 120
1600 4 Westing E A M 64)4
200 .. Wheeling A L K 144
500 2 Whlte Eagle Oil.... 27 (4
i) 100 4 White Moter 484
100 .. Wlckwlre Spenc Stl 154
7500 .. Willy overland 8
4200 .. Willys Overland pf. 46
500 .. Wilten A Ce 45(4
200 .. Wisconsin Central.. 29
300 .. Werth Pump A M... 44)4
Ex-dlidend. t J.-runta.
Iew
73
26 ft
69 U
63 U
20
1214
62 4
170
140
56J4
90 J4
102
304
45
53(4
53
4H4
65
39 4
46
59
194
130
19H
1914
98 4
20
204
30
13H
34 4
10
70
184
46 4
23
59
73(4
23
14
US
120
56 4
2(4
58 4
108
4?4
17 4
98 4
85
314
26(4
117
924
46
88 4
10 4
24
214
1584
37
44
824
57 4
82 Vt
77(4
464
7
384
444
514
124
31 !4
74
69(4
994
40
21(4
92 4
1094
100 4
46 H
95 4
1 30 U
50(4
33
70 i
119(4
33(4
16 4
80
41
74 4
70H
324
93 4
3 4
29
534
58
30
56
33 K
504
34
7
104
88 4
124
40 4
334
99(4
104
50
93 4
264
63 4
20
1124
184
5314
48
55
132 4
6
7s
2 4
48 '4
50
324
J5T4
58
86
1074
14 4
145
73(4
19
4
1504
38
154
80 4
33
64
65 4
77 4
56
104 4
104 4
121 'j
70(4
20
514
29 ?i
13
12(4
334
109(4
15(4
194
62
1194
63 H
144
27
404
154
7H
42
44
29
44
1:'0 Net.
T, M. Chse.
r73'4 V
26 4 I
694- 54
64J4 Ji
20 4
1254
62(4 u;
178 1
140J4 54
87 4
90 Ji 54
102 2
38H ..
45 - 4
534- 1
53
41 H 4
65
40-4
46 4- 54
59
19$ 14
130 - 54
194 H
195 H4
9B4 ..
20 54- 154
20H V
30
134
354
10 - 54
70
184 4
464- 54
23
59
75 54
r.3J4 1- 4
144 r 54
114
ALMOST DEAD
L
OCK
L
OCAL MARKET
Fraction Shaving Ir Prices Re
sulted Frem the Relatively
Light Dealings
The local market apparently was un
able te shake off the restraints of the
holiday Influences. The ebsencc of many
traders resulted In relatively light deal
ings with little price variation. Few
exceptions occurred In the Inactive
stocks, but In se far as the usual active
list was concerned It was merely a.
matter of fraction shaving.
There was n noticeable absence of
Initiative, which was easily treceable
te the growing disposition te nwalt the
lead of the bigger market. While there
was little inclination te extend or make
new commitments there wns,, at the
same time, n nlmllar Indisposition te
pert with existing holdings. The re
sult was the market virtually worked
into acemplete deadlock.
It wns generally felt the settlement
of the hard coal strike removed prac
tically last of the strike difficulties, as
the shepmen's walkout was considered
broken by the report of a steady drift
of men back te their jobs. Although
there wns a possibility of the agreement
reached by the operator' nnd miners'
lenders being opposed at the convention
te ratify the pact, it was felt Mich op
position would be enslly overcome. Yet
naturally there were quite n number
who felt It would be wiGtr te ueier .
further netivitics until the matter wn
completely settled. I
The absence of special demenstra- I
tlens contributed te intensify the dull
ness nnd emphasise the narrowness of
the market. As n group, the utility
shares possibly received the most at
tention, but even In these stocks the
dealings were of a Tcry small caliber.
As 11 whole, however, they displayed
n firm tone, with almost stationary
prices. The elimination of labor troubles
in the coal district found direct reflec
tion in the ndvnnce of nearly 2 points
In Westmoreland Cenl nnd the point
gnln in Huffnle & Susquehanna pre
ferred. Trading in Pennsylvania Rail
road was lighter thnn for some time,
hut the market, according te the beard
79 4 ji Imports, was well supplied with buying
46 4 ' orders under 47.
120
56 4
24
58 (4 -
108J4 4- 254
5 14
174- 54
98(4
85
324 -
26 4
11954-
93 4
46
88 4-
104
24-
22 4
158 4
37
44
824-
57 H -
834 14
4
Hi
?4
(4
What Is Meney Werth?
A prominent busineti man sad:
"Meney is a business tool and nothing
mere. Translntc money Inte terms of
what It will buy and you have the real
value for flfrAirinfr its worth, ir tne in
vestment of .$500,000 will make for you
$1,00,000, you can afford te pay .out
5250,000 te the man who furnishes you
with the money; he in entitled te a rea rea
Kenable profit en the tool which he sells
you for your use."
Which is bet
ter, pay the
priee at which
you can secure
money and
make a profit
en it, or re
fuse te pay
such price and
lese tne profit?
1
7 54
30H -
44 H f
524 1-
124 -
32 54 r
74
70 r
99 4
40
214- 14
944 4
110 4
1004- 4
48 14
97 2
1304 2(4
50(4 ..
334 1
704
1194 1
35
164- 4
80(4 f- 4
41 -74
4
72 54
29 -534
59 4
30 -56
334 -504-
34
7 4
124 40 4
334
Philadelphia Stocks
Rich
10 All! Tnsur. L'P'j
25 Ruff & Sus
t c pref. "3
25 Cam Iren. 41
lOOenTrXJ 5t
2S0Elee Ster. 47
200 Lnke Sup. 71
113 Leh Nnv,
1 is :tt
Ijeir r M chga.
244 24 1 Vj
liB 53 -fl
41 41 ..
.11 51 . .
4ft1i 47 ..
1 ! "-4
Tfi1" 78M, 78,$ Vi
The price of money is simply a question
of supply and demand. The price of mer
chandise and everythinp; else is governed In
,the same way. We cannot get away from it
no matter hew many Iswb are placed en
the statute books.
Many large concerns openly offered usurl usurl
eus rats, as high as 10 and mere, for
plain leans during the war period. They
get it and saved themselves and their
Creditors and possibly the Creditors of
their Creditors, and se en down etherwise
this country might have experienced a most
disastrous panic.
Give us a sum, probably less than the dis
count you offer your Customers, and let us
buy their accounts when they won't dis
count them. Dees it matter materially
whether you have their Cash or ours if you
pay us no mere for the menay than you
offer them te discount and the essential
difference is that we will buy their Ac
counts when they wen't: uijiJiiflt them.
Commercial Credit Company
Caah Capital and Surplus li.CSO.OOO
BALTIMORE SAN FRANCISCO
Represented at Philadelphia, 1210 Stock Exchange Bldg.
(Phene Spruce 0544)
Affiliated with
COMMKRCIAT. AOCETTASCE TRUST COMSIKRCIATj CREDIT COMTANY. INC.
Caah Capital and K arpltnl 1.600.000 Cash Capital and Snrplua 1800,009
CUICAGO ' NEW ORLEANS
ilfflHKBIIIII
270 I'enna H It 47 Wk -i . .
Stl Thlln Elec .IMi IlH'i .'11 i ht
S5 de pref.. Sl-V, 3iaj Z Vv
235 Phila R T 321,3 32 324
205 UnlenTrac 41 41 41 . .
5 V O I pf. 55 55 55 . .
20 West Ceal 73 73 73 1
rniLAnELPHiA nexns
1500 Electric fc Pee Tr 4s ctfs. . 7l',i
fiiHiii Kieetrie cc i'ee l r is cus. .
7 4 JKKXl Lehigh Valley Ceal 5s.
1
54
(4
4
!
2
(4
14
a
4
54
4
"4
54
14
4
i
4
1 '
994- 14
ioh ieh
50 94
26 ? -63
4
20 113 4
1844
53 4
48 4
55(4 .
1334 t-
6 -
74
?4 i-
48 H -
51
32 4 ,
'Sh -
58
86 4-
1074
144-
145
75
194-
1000 Lehieh Valley Ceal ann fis. 122
4.000 Phlla Electric 5'.j 102
5000 Phila Electric 0s 100
COTTON MARKET
New Yerk. Sept. fi, The cotton
market opened easier nt n decline of
1 te 1) points under .Southern hedge
selling, which supplied the demand from
Japanese and spot interests. There
also was considerable profit-taking at
the outset, although this lessened after
the start and quotations rallied en re
ports of continued het, dry weather in
the Southwest.
Trav elea Opn
October ... 21 (I422.02 21 AS
n.c6r 22.225 22 12
January . . 22.C91T13 22,02
February 22.03
March 22.1.r.iff 20 22.10
Mav 22. OS 10 22.0.!
July 31.85 21.60JJ8S
1 r M.
21.43
21.M
U 47
2l!38
150(4 1
3B I-
154 -
814
33 4-
64 -
66
77 4
. 56 4 -
104(4
105 'r
1214
70 4
20
52 4
294 13
124 -334-1094
154
194 -62
1194 ..
64(4 J-144-
27 54
48 4 -154
r
74 44 ;
454 1
29
44
NEW YORK COFFEE MARKET
New Yerk, Sept. 5. The reffce fu
tures market opened withtrndlng ijuiei
nnd prices 4 te fi point higher thl
morning, the demand probably influ
enced b.v the firmer showing of fantes.
i? which came in 275 te 450 reis hither,
ri , .- L- f f - ..-1.1- V
1 ann te im; rrLi-uiti ui a iniui: i rem
L fillllO?. DU, lug . .'Itltni.-i ;, Jirill.
M loons UKfi nirrner advance en arreunt
Ot rf.ari.11 UL li-jriiiiuir m-ii'i.uiiiic,
The local exchange makes the world's
vlplble supply of coffee en September
1. 8.812.00S bags, an increase of 212.-
32S bags, with two peinta estimated. I.e.
neuville, of Havre, makes the world s
visible supply 8.751,000 bags, nn in
crease of 164,000 begs.
Futures worked about 10 points net
higher nt raid-day en a amall volume
of business. The strength of Brazil
cheeked w.ling and promoted scat
tered trade covering.
Prav. cleaa Orn
8ertmbr U.tritHl n
Octebrr 0.45 l,4n
Nevuntwr '(MO
riacember f.4!V04. O.nOfflM
March !). 4047 n.lfifliBn
May 0.4Sft47 0.40650
July 0.4MJN7 '(MS
AUKUst 9,46-1347 .. .
Hia.
H
H
4
4
H
4
4
4
4
H
14
4
4
54
H
Vi
4
4
4
H
14
94
H
H
(4
14
4
2
14
14
Public Service Corporation
of New Jersey
We shall be glad te send en request
an illustrated booklet describing
the properties of this corporation,
together with an analysis of the
capitalization.
Bonbright & Company
437 Chestnut Street, Philadelphia
NEW YORK
BOSTON
CniCAOO
DETROIT
dm
The responsible business
LOCAL MINING STOCKS
TONOPAH STOCKS
Did
.09
09
Net marely
Evans and Fer1
ana inie;
Lr in
KM W
117. PHI
epuitna
Caah Bey
Jim Butler
MacNamara. . ...
Crascant
Midway
Mltpah Rxtana'en
Mentana
North Star . ...
Rmiu Eula, . . . .
'Jonepah Extension
Wnt End
Weat Tonopah
.OH
.04
oe
.08
.08
.14
2S
03
.07
.10
.0.1
.13
.07
.12
.10
.10
H
1 treat Band
Jumne Kxtnsloe .
Kaa-anai
Lena fctar
Ore
Rd Hill.
flUl.. Til, I.
lipearhead .!""!
AlnnarA
Arliina Unitd
alnlenU
nilJCIrirt.
OOVi
en
04
... .08
02
5,00
10
e:
inSCElXAENOUS
60
.01
IU I Emma Hllvar
DIVIDE BTOCKfl
Alllad Dl1d 004
Alte Dlvlda 01
Belcher 02
Belcher Kxtenaten 00
Breuiih Divide .OR
Divide Extension ,. .14
Divide Cen 02
Dividend 02
Eait Dlvlda 01
Harmlll 08
Knox 08
Rllvrr Kins' 02
Butherlsnd 01
Tonopah Divide 79
Tonopah llaibreuek 01
Victory Dtlda 02
Verda Divide 01
Zena 10
OOLDKrELD 8T0CKB
Beeth 04
Combination Fraction 01
CrackerJack OS
iiiamenaneia niue jiiui,,,,.
Florence ,..
nniaeald tvn .............
Oeldflell Pev .,,,,.,.,. .03
Qeldfleld ,. .,! .04
Itlll Ten
Eureka Croteea
Eureka, Helly . .
Iff la.
Marah
Mether I.eds . , .
Nevada Hills ..
Nevada. Wonder
Success
Tecopa MJnln .
Volcano
Whlte Ca.p ....
Wllbert
. .10
. .en
. .87
. .03
:
. .00'.
:6
.12.00
. .01
. .28
. .43
. .18
. .82
. .14
. .03
.01
.08
.05
.H
03
6 no
.12
.03
1 05
.in
.08
.te
.04
IV
.34
01
6
14.00
.02
.32
.47
.22
.84
.10
.07
LIVESTOCK QUOTATIONS
rlttsbargu. flapt. 6. ItCK38-.Ieii.
100JI head, ateady. Heavies. JeTS" heavy
serkera. It0.25n0 8s. light Writers lart
I0; tl. I0.23W9 f,ii. ' yerxers. S3.7S
8HEEP AND tMBS R.celrts 120O
head. Steady. Tep sheep, IT.BOrtep lmbs,
eld ou.
'Al.VKS Uecelpta. 450 head
Tep, J 14.
Steady.
Reserve Banks' Discount Rates
Ottlelsl rediscount rates at the tele Fed
eral Beterve Banks are as fftllnira:
Treae. Mt Cem'l Bkra.
Ctla. bends, ratea, accept.
Beaten .,.
New Tork
I'hlladelphU
Cleveland ....... 4
Richmond i
Auanta
yniei
,,,,n,, 4
li, t, 4
milt) i
an
St. Lmila
ITInnaeTWilla
kaisas city ... 4
4
. k
H 44
4
4
ChloAve, Bept. fi CATTLE Beceltit.
22,000 head. Slew. oed nnd choice wide,'
beef ateer.. jearllnna and beef "wf and
heifers steady, ellmr gradei weak te 15a
loner. Early top matured beef ateera ,V.i
yearllnta. Ill: bulk of ft nitlv. .t"r,n0dt
Quality and condition te xell at IS.TSif te "5
bulls weak te lOe lper. veal calvea lariely"
28e off early: packers paying SU BOuflS:
jteckara and feedera alew: undertone weak
te lowers bulk fat aha mock. 14.100728
iVlJSlW bu"' ,a-853'10i bulk vealirs
eii.oegriz, '
JIOGS Beeelpts. 48.000 head. Market gen.
erally 18JSe lower. Bulk 170 te 220 pound
averagea, B2ri0 4l Tep, 0 4.1 early'
hulk 290 te 20 neund h'Jtthera, 18.00i!IO,lB.
280 te 300 pound butchers, 18 4098 70: hulk
l7.B0f8. heavy. t7 7nHS.Ce: mndlurn. 88 80
e.40: light, fn i(ffn a. light Ughta! 8 3r,
0: packing aewa. emoeth 10.4057; park.
Ing aewa, rough, 0tr 0.50: killing pigs, 17 211
?n.?8.
SHEEr Beeelrta. 22,000 head. Natl
lambs meatly 16 If 2.1c lewer: eulla. fiOe lower.
Tep natives, 112.75 te city butchera. 112.80
te paekara: eulls mostly IS.St; Vi'eeteyia
slew, bid weak te lewer: few sold. MJ.fiOi
etnsri neia.nigneT. ineep uii; tenein lower;
feeding lambs slew.
GRAIN MARKET
Chicago, Sept. 5. The wheat marlset
opened steady Jit 'Jc decline te c ad
vance and early in the day eased off
under netive hedge felling. Develop
ments ever the holiday were net im
portant, but the cables came better
than expected, with Liverpool Jd te
9id higher, which partially offset ex ex
pcctatleiiH of very heavy receipts in th
Northwest nnd Canada.
Cern Mnrted firm nt Nic te ic ad
vance en geed commission house buy
ing, Dascti crop damage reports,
but wen ' : '! eir en expected large
receipts at ( hicage and with wheat.
Oats v re steany nt "&c te 4c ad
vance en small offers and scatcred buy
ing.
Previsions were lower en a decline
of loe te aec in tne neg market
Cern i-revieua cioee ytwning
,tua ia ui
M'4 (S r.niL
60H SB4
Espensible
man never enters en his
summer vacation without
leaving a memorandum of
instructions te enable
ethers te carry out his
plans.
Yet many such men delay
the making of their wills and
may nt any time leave their
families without provident
instructions for their futures.
There is but one way te in
sure the fulfillment of your
plans for your dependents
nnd that is: Make a Will.
North Philadelphia Trust Ce.
Bread St. and Germantown Ave.
Above Eric Ave., Philadelphia
September
jjeeemrmr .
Slav
Wheat
FeTfember
December .
fy .. ..
Oate
September .
December .
May
nye
September .
December .
kard
OcteN-r . .
December .
r.i4
.!)
09
l.Ol
1.064
82H
84
37H
004
l.Ot'.a fft.OOTi
1.07 1.06
83
844
37
67
10.2
in.in
9. 27
1 T M,
(11
A74
00
934
1 01I
1.074
34
844
38
87H
004
10 12
t-iH jiar,. iuii...
fSli June. WW...
t'8 June, 1024...
..all llent . 1024 ..
U. 8. Certificates and Treasury Notes
Int. Maturlnr
Bate Date Bid AaVed Yield
SW Oct.. 1022. ...100 Teyleld 3.2.1
3 Dee., 1032. ...100 Teyleld 8.33
t'4 4 Dec, 1022.... 100 7-82 Teyleld 8.81
.iuun-iii iuu f-ie n.nT
.100 1.10 100 8-10 3.48
.102 18-16 102 18-16 4.03
. KI2S 1021 4 07
t4l Mar., 102ft.. . .101 -l 101 11-83 4 IT
t44 Dec, 10S8 .. .100 17-33 tee It. 10 4,15
tT Mar, 11130. ...101 ll.lii 101 37-82 4.17
t44 Sept.. 1020 .. 100 8-tO 100 11.32 4 18
Eiempi irem jeeerai normal income tax
tAccuptanee for patment of Income tax due
en date of maturity.
8unday Scheel Leaders te Meet
The Delaware County Habbnth
Scheel Awoclatlen will held ith thirty
ninth annual convention at the Darby
Presbyterian Church ThuMejr, Octo
ber aej.
We announce the opening of an oflice in
New Yerk
at 40 Wall Street
Telephones, Jehn 1853, 1854, 1855
Mr. J. Fred Underwood in charge
Private Wtee Connectiett icWh Philadelphia
6caraENEBeENNiNG & Ca
Investment Bends
1615 Walnut St. Philadelphia
iiiiJUAAAaa
Estates of $5000 ?
Statistics show that estates of $5000 and
often times mere nre disipated in a few ycara
where there is no trusteeship. We assume the
responsibilities of a trustee, which assures the
future of tho3e you wish cared for. A consulta
tion With UB mnv set veur minH nf hmk en manV
of your financial responsibilities.
THE REAL ESTATE TRUST CO.
OF PHILADELPHIA
Bread and Chestnut Sts.
VedieU 9res. & (Six
yuliIU BtUttu 0rurU1ta
mtatb V5Kttian(Ut OulUHite, JJtrlla.
Am. Gns. & Elec. 6s, 2014
Lehigh Pr. Sec. 6s, 1927
Springfd. Wat. Cens. 5s. 1926
sBia4sMt)sa tk.... . .! r.
ara aMUiHifAV 1W SgfB
L BANKERS
321 Chestnut St., PhiladelphU
Established m? '
Member New Yerk and Philadslf
Stock Exchange K
r
im
ii .
Ly.y.9rg3ff?.. -.,.,. .
uw-
' ul rt i'l