stPf'
ra.'.&saBt'Sjr
v"Tiwv:
f v
a ,
AT-A -iV M
'Sffi&" - 9.
S".tf're
'SfiwCl. ...
nfr
.
T
The Cheerful
Atmosphere
of our bunk will con
vince you tlint the ren
dering of cflklent serv
ice is a rcnl pleasure te
our force.
We purlicularly solicit
commercial accounts;
and in addition te the
usual tanking accommo accemmo accomme
dation0, e elfcr you the
varied ami complete
service possible te se
cure in n modern Trust
Cempan.v.
Integrity
Trust Company
Fourth and Green Street
Capital
Surplus at Profit
E
Current Ricr
te icld ever S :c'c
Ld', ' ' 1- ir's- 1 ei 'I pirt of
.- i. .. 1-r.c r. n ? imi 2"
ne;piu' : J- 3! in onie tax raM.
F. P. Ristine & Ce.
Widener Building. Philadelphia
New Aetk Ulnl-cth. V J.
0.
.-r
KiiMiiiiiTht
?;'
SPECIALISTS
We make a dependable
market in all issue of
UN1T6P STATES
GOVERNMENT
SECURITIES
COMMERCIAL
TRUST COMPANY
, Member Federal Reserve Sjritcta
City Hall Squate
A First Mortgage
en a
Pennsylvania
Electric Light & Power
Company
Te Net 6.30
Net Earning 23i Times
Interest Charges
Baker, Yeung & Company
JOslU'U . !M.1. Jr.. Manas.
Land Title Bids;.
Bosten
Continental Gai k Elec. 5'i 1927
iodianapelii St. Rwj. 4'i 1933
Darbj. Media & Cheiler St. Rwy. 4Vi
1936
Virginia Power S' 1942
Ohie Public Service 7'j 1947
Rechejter Rwy. 4 Lt. 5'i 1954
Aniericnn Ry. S'i 1923
Camden & Suburban FUy. 5'i 194(5
Celumnui, Del. & Marien Elcc. Rtj S'i
1937
Samuel McCreery & Ce.
Franklin Bank Building
"nrnrr K'I7'
tOT
S
e.w.cmm.
BANKERS
321 Chestnut St., Philadelphia
EstablisJied 1837
Members New Yerk and Philadelphia
Stock Exchanges
If
We Specialize. In
Pennsylvania
Municipal Issues
Biddle & Henry
104 SOUTH FIFTH ST.
IV
K'
cccc.
WILSON PJUCHETT 61 CO.
V
mcoareaams
tanwrt AND STOCK ISSUES Of
ESTABLISHED COKPOR- fl
ATIOK8 UNDKRWrUTTK:
I Matt Asiatic BulUuax, hLWMUIpbas rpU
PHILADELPHIA OFFICE of
New Yerk investment
house has openings for sev
eral men with clientele in city
sil country territories.
iv sae'-j rnnce i-iPPirc
W.
m . -j.??sr'rj tv-" - rw
. ..r'ti-.m ' riMsr
' i -i
,.,.. .,,, s,.m,r MAUKL LU-N Mill MM
lOTiinurn nniiiinn'
idiunntuurvYHnu
Peel Specialties Toek a Leading
Part in the Recovery
Movement
j Netr Yerk. Sept. ".There was a
1 1 strong flnvering of professionalism nt
I tending the opnatieus In today's stock '
j market with renewed petfl activities,
I pre-eminent. Technical conditions te-'
j nialticd the dominating influence-, nl nl
theugh n favorable 'interpretation was
I mode of the ever-night developments' in
h Irrltiftrlal and rail labor situation.
, While irregularity continued, the major
portion of the list scored again siuinlv
. Iieeauap the line of least resistance was
ini nnntrred en the upside.
Trading conditions having been ma
terially udmsted by yesterday's reac-
t ! 11:1 1 j nwtcuient the main body of,
stocks retrieved a considerable part of
. $500,000
.$1,959,000
the ies. litinng tne active forenoon trad
ing. IMdentl.'. nmv of the short lines
put eiit mi th dnwimnrd swing in thci
ptvprllns session hpte only taken in
'with a greit deal of difficulty, na efforts'
te riicr. especially nmeng tlie closely
' hehl peel JhsiC, i1IcmciI 'l it nt-len- j
ihing ciiitt upplj. There v ere in
few declines nt the epenlne, but whhi
feu exceptions they were all of a leu leu
fienal nuture. A general vecevery set
in nlme-'t itnmi'diatcly following 'the
inltlnl t ruin-art Ions, which the renewed
weakne.w of the Mexican oils failed te
halt.
i The market broadened with 'be rallies
although the real nitilt was centered i
in the .selected ypeclnlties of the in- '
duMrial list with the leadership blnilng
en rbcac '.'rvks. in v lib h t-tcp-. toward
'.'tpital readjustment ure considered
iinminenl. Nim huh record', bewn-er.
were made b, u number of indu idtmt
s-liaic uii 'uiling (.'elumbiH fins. Con Cen Con
selelnted. l'ullman. Chicago I'neumatu
Teel. Amerlinn Metul. Continental
Can, American Ice. Amencmi Woolen
and Norfolk and WVstern. nil .it gains
of l te tienrlv J points, tithe- strong
spots wrre Weiteru Vnien and Uoseh i
Magneto, each of which advanced .''.
points, and New Air P.rnke, winch was'
up H. i
BANK CLEARINGS
Ha A ,Irtni;. ude rninparetl v th t Dr-1
ru)iij!n- .la list two ifj.-s:
rhi a s.v nun enn ye,e nne noe j;; i.,ii Tl"
lloite IJ im tun 39, se-;, SJU ft'JO-s.i'O
FOREIGN EXCHANGE
New erU, Sept. 7.TuP marict for
foreign exelinngi. opened irregular and
i'uII with 'he only apprc-mblc change
a!ns of !', points in francs, ,1 In 1M
glans ami 2 .n Ianish. Sterling 'ia-i
a slight fraction lower. SwIhs were
unchanged, while ether neutrals show pi '
declines,. Pesetas, Swedish and Dutch '
lest - points and Norway declined ".
Marks wen- down ,-1i.
Quotar.etn weru aa fellows; S'tr- 1
ling cables 4 If. 7-10. demand l.l'r.i,:
franc cables 7.T , . cheeks 7. Si!' . ; Bel- '
g'an cables 7.:'.7. checks 7..'iti""i : lir"
tables ."jy-.. ye-Vs .Se; Sss tables
WO, iheekt I1. 00, peseta cables
l."..."l. eheks 1T..40 : Hanish crlilev
III. 17, checks -1 t'J : Norway c.iblej
1'i.O.". rhtcks Ui.tW; Swedish cables
-i..4. cheeks 'Jt!.4f. : guilder cabt'S
eS.PO. chcks ;S7,; mnrks .07",.
Central Lurepcau cxrhangea wrri'
.bout tiacl jtiged this mern'ng. flo fle flo
tateons were; Bulgarian, .05: i.uina
nian. .72. eil)lan, l.'Z 5; (irerk. l'.-jii
Czccho-Sleiakian. "..Hi; Juge-itivi.m.
11 : Pelisl. Olr, , rinnl.il. .' L'O ;
.ilt-trian, .'MO. Hungarian. .n0(it:.
The premium (,n New Yerk f.imls in
'dentreil te,la was IJ-Hi.' per .e,,t. TJie
d'teeunt en Canadian funds in New
erk as .".-"2 per cent f
iE&TCRLi.XV S CI-'JMNG Qt. '''I ATI'iNa
S,'- irtf Krurii e T.
'- Uu!Mr f
R .is.sp
334 ,1i e; I
r'ti.-.ri1 101'. T'l ."
i tf.k,iea 4 -l'-s 7 it 4 35
TODAT S i'1'KVINC, QUOTATIONS I
atrllni Frar.rr Lt rtulHm
r-mamt 4iV-, 7 81s, 4 31 3 3
i -s I6r 7.S3i 4.35V, 3.90
MONEY-LENDING RATES'
M'.H (IRI M"r. en call, belli , 'lt"l
..t--.il ,,erft t sria at 4 r-r c-n fo fe
" 'l y nnil rer" nar.
Plltl.XDKl.l'UJA -- a : tu rr cnr.l
n 4 , e 14 p.- ent remuiereUI parr !
-no ., . x mnr''iN 4't te 4'i ir -,it
MIXIxiX-Menij 2 c-r , .it Im'eunt
,'. shjr am !" nep hi' t, '' L'
DIVIDENDS DECLARED
C"ie Kln!"hr rjrn. nuan-rt:' li
rf v en pref:--rl. payabl" U'itebr 1
3 s'e-ik ef rece-iJ P-ptnher -0
I i
Philadelphia
Reserve Banks Discount Rates
nflc.-' r--!l-e'jn' r.itm at th tTl- fei
!'i Reaer. Banka are . fellnva:
Tr-as. Llh. Cen'I Fkra.
cits nenas. ri"3. accpt
Rene"
N-- Teri.
l'Si'nl-lr'ra
l.-Iarrl
U'rhrnnri'l
r'A
r phke
at '' u
M nripe 1
K a r . a ri ' :'
I
4
4
t
4W
4'sj
4W
4',
44
t'
4' .
'?
4'-j
4
4'4
4'I
4'l
t'i
m
t'-a
ft
4
4
4',
4V,
4 1
4 4
4 4
44
1
4
44
14'
BUTTER, EGGS AND CHEESE '
. XerU. fs-rt 7 -HfTrnA rl-m I.e.1
f itj. 1", al tuba, i rurn'-y, lnh-r &v.
..- 406 104: eranirj', ejt-ih '.'
, rrr 314" tlrem ISS te 01 e- 334 'U
-- , ,i W'ns steik currcit ra1' Ne ',
" K',i- firr.i rt-c-ip" '."' 378 cae Pre-ii-
. tatr.er-1 xtr Sra'n 3540- 4n erets 34
f37' -el-lgerater fluii. '.'''SR0'-. Nfi Jr-
i.v I -rn-ry shltf? exir fane, , and 4 ,e.
.tin 'jn'iueml dn unean'1,"t ei'rjB ,'D ,
' ijr- Hiaic Hni tr'arbi ani nerb "V-8t.
I rn neiinerv whlta tlit le fj'rui 44'!fs.'.
i r.e I nirv brewn.i enraa, 417; IP,- 3tat
'J i-a-te caih-rM bri,T-r.H an-l mixed en-
I or "-ta te ew.i" SIS I3e Pr- I'eaat i
h Prnn te etra IriM 43'i(53e
' HF.i:-K, firm. It"-lpH. JI17 tx S'atu I
i i n .c Rata, fr'i "pei-.a!!. 2J'4'. ,
' u 'r.iKD run. II 4 W. Si- O'b-r E'8ii'
jr hans-il
Moderate Activity In Raw Sugar
New XerU. pt 7 I' -an' u,.r mar-;
!- v aa meVrHi''' ' a'H st.aili' i'h '
ibas for Feptme-r an pnT:it ouete at
3-r reat ami fr'at ' arvl te.- Octebur .
h pmeni at 5Se te I'.: eeat an'l frelcht
Halas lattenlay Ine'U'lul 10 Mue ban Pubaa. i
Aar-heu bre. et ." U4c, i?llvere'1. an4 I
mono ham Beptimtw -bjpmnt ul 4ic,
eeit ar.4 fralaht, te tha American Sugar H.
flnlnr Company. Impcrutlena cenalt4 of
.n.HOO ba Cubaa i.ena'tr.e'l te U rJeral
Siiaar TlaltntnK '"empar.; Apart from r. i
' Kilena of 25 pelnta ai-h by Arhurkla Broth Breth
rn n tha National Sugar Ilalnlnar Cem i
i an' te 6 60c l"a 'i pr cent ter rash. ,
ih eca, reflnt'l maraet wan unchanreil
LIVESTOCK QUOTATIONS
ritlatnirali, M-" 7 - Ifcrj."! n-.ipt.
..O'l hea 1 KvaU H- eH 1 1 2 ; 9 ,M)
haa ,rrtra 110ntitr'J tllu verKera,
10 ust in I. " n snns :
IIIKKP AND U.MB'I Jt-r.'pij 1000
hea-l Sii-ai Hhi-fp. .17 "0 lamta, 118
f'ALVKH Htcdipta. ion beaJ. Hteadr.
Tep, 113 V
FJiat IliitTale. 8pt 7 CA7Tt.Kne.
rluia. 1 RO hearf Staailv Calvaa necaleta.
MM) I''! HubUj. 151? 14 r,n.
ItmiS nceltta. 240J haa1. Tan te 'Ma
hlrtur Heavj- l.60tf B.7S, yerlcare, 110:
Pica !&7.',n0. rough 10 7597, ataaa. J4
SIIKBP ANP I.AlIBB-nacalpta 800 head
Lamba fc lower. aP 1S.H5
aarcaaaaaaU
Liverpool Cotten
I.lTrrnenl, Sept 7 - Thtr- war
;nOd J
un H
n.it-1 for pe cit'eii leilav bu'
m..lprat. I,j!,liflia v ., den- .llh rnci
fair ataaily en tha bavla of a dx-llrm of
7 lelnta for mldttllrn at 12 101, Tha aal-a
warn SOOO nalaa The recelpta ware 7U0I)
lal, induiJIn MUO balaa Amarlcan ., leu
..... u.. ataaflv in tha aarly dealmaa.
Spot prlca wara. Amarlcan. relddllns fair.
18.804. Reed mldaitnar. IB-soil i"ny rnja
fl n U'.70di mlAlliM. . 12.W; low raid
dllnt. uMCrfi ceed erdTnjtr'. 11.104. anil or
dinary, iv.oue.
EVENING PUBLIC
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Lilt
Dlv.
in I STOCK Itlsh
.. Adams Express.... 78
,. Advance r.umcly... 20
4 Air Reduction 57
.. A lax Rubber 12H
.. AUska Geld Mines. ?
. . Alaa-KR. Juneau O M 1
4 Allied rlit.m & Dye. 89 S
4 Allls.riialmers .... 59i
7 A Ills-Chalmers pf..'01
.. Am Aerlij Chem.... 40 ?i
. Am Acrle Chem pf. 70 !4
3 Am Hank Nete pf.. D2
. Am Beet Sugar.... 46 !J
6 Am Bescli Macncte 42 3
1:15 Net
T. M. CBje.
78 )i
Pales
200
tee
100
1700
400
800
.1600
CJ03
100
100
200
100
500
J300
100
7930
2100
?00
100
200
2-100
100
300
100
200
2500
6900
100
300
1200
100
300
800
200
200
rj200
1M00
30
700
600
10300
100
2300
300
600
200
100
200
100
700
800
1100
10
tee
8400
1300
100
500
4400
100
200
100
100
1700
200
700
100
400
200
100
1000
100
ree
333
F00
300
1700
100
200
930
300
703
90O
1500
500
300
333
tee
300
363U
6030
1330
?630
1 1 500
100
100
3503
330
100
100
800
103
3330
130
1600
300
.-00
20000
700
4330
In-v
78
20
57
11r
1
88
58 4
101
40
70 U
52
46 !4
39
78
62';
187!i
9
28
118M
93 V
35 la
100'i
35
121 '4
4914
111
118'j
1654
1021i
15614
41 T4
83 H
36 4
12514
34
3H
165
162
97 ?4
31
55
22
49 1;
57 1;
118W
103',;
2?
117
s
29
1100
31
129-U
57 i
65'i
63H
36':
27
52
75
114':
78
9'4
1.0'n
35
4
:e'i
120'i
20 -57
11 Ji
s-
1 -
88i-59I4-!-101
-i
40 -70;
-52
46ii-41',;-r
78 -:-
6314
188J4 v
9
28
6" -120',;
r
934 -
35 14 4
10014 -i"
35 '4 -'-122
50 34
111
I18'4
164 -r
10214
158
1
1
14
2
1
!4
4 Am 11 S V 1.
. Am Can
II Am Car Kd .
.. Am Chicle
.. Am cotton Oil..
. . Am I3rug Syn . . .
i Am Ice
6 Am Ice of
. 78
. 63 T
.188!;
. 9
. 28
.1 6H
.121',;
I
V
!4
14
1
93
3514
. . Am tnternat Cerp.
7 Am La Vr Kne nf.
.100)4
. . Am Unseed 35 14
6 Am T.ocemoti-e....122'i!
3 Am Metal nl 14
.. Am Metal pf 111
4 Am Radiator 1l8a
.. Am Ship & Cem.... 16-U
7 Am Pmelt pf...... 10214
12 Am Snuff 158
3 Am Stesl Foundries 42
.. Am Sugar Ref 04
. Am .Sumatra 37
? Am Tel & Tel 126 '4
.. Am Tel & Tel rts... 3'j
De Odd Leta 3H
32 Am Tobacco 166
IS Am Tobacco R 162''i
7 Am Woolen 99 S
. . Am Writ Paper pf . 31
.. Anaconda Copper... 85Ni
.. Ann Arber "a-li
. Ann Arber pf 51
4 Asse Fry Goods 57',;
6 Asse Oil 1181s
6 At"h Tep & San I'tii03U
. Atlan Rlr &. Atlantic 2H
7 Atlantic Coast Llnel18J
.. Atlantic Fruit ctfs.. 1
. . Atl tiulf & W I S S 30
: Atl Refining 1100
.. Austin Nichols 31 !i
7 Baldwin Locemotive131 T
1
41 ?4 -84
36 '.4 -12614
-i-
3'4 5-
3 "si
165JJ -
162 -
99 v
31 -
55 V -r
2P.ti
set;
57'; ;
118'i -
lean
2'a -118'i
'
2'ii '
.9 ' -1100
31 -
up,;-
57
6514 -65
-r
37 '4 r
27 -5i
i -r
75 -
1141,
78';
9!4-
121 '2
33
24 7a
20 !4 -
120 54
63 -i-
1
.. Baltimore i Ohie... 5814
4 Baltl Ohie pf 65 1-
.. Burnett Leather.... 65
.. Barnsdall C!aa3 A.. 37 i
.. Bamsda't Class B.. 27
. . Hauk Bres 52 'i
3 Bethlehem Steel. ... 75
8 Bth Steel go pf..114i
5 Beth Steel B 7814
.. Beeth Fisheries. ... 9 '4
8 Brooklyn IMUen ... 1 21 Ta
. . Brit Em Steel :d pf 35
.. Bklvn Raold Transit 24 Ta
. . BUlyn R T etfB of db 20 '4
5 Brklyn Union GaB..120'4
.. Brown Shee 63 '3
7 Rrewn Shoe pf 07
10 Rums Rni.e 138 4
" Bums Bres B . . . . 43
. . Butte Cep & "Inc. . 7
.. Butte. & Sup Cep... 303
. . r-allfernla Re'rel . . 65
. fa Zinc and T.ad . B
2 raltimet & Arizona. 6J3i
10 Canadian Fcltlc.,.148
.. Central Leather ea;
.. Cen leather pf.... 78'i
. . Cerre-de-Pasco .... 41 H
6 Chandler Meters .. 61 'i
4 ChenapeaUe A Ohie. 76 ?i
.. Chicago & Alten... 4
.. riilcage fr K 111 40'i
.. Chi & i: 111 fncw pf 61
. Chicago & Gr West "7
. . ( hi Mil ,t St P -3's
. Chl Mil & St P pf E3
5 Clil & Northwestern 93 'i
4 Chicago men Teel. 88
.. Chl R I & Pac 43
6 Chl n I & Pac 6r; pf 66-v.
7 Chl R T & Pac 7pi pf 98 4
.. Chllf Copper 23 i
.. Chine Copper 31 'a
2 Clev Cin Chi & S L 77 Jj
5 Clev Oln i; iSLpf 97
4 Coca-Cela 70 '4
.. Cel Fuel &. Iren.... 31 '4
.. Celum Oaa & dec. 106
.. CelM'i Oraphopheno 3H
6 Cemput Tab Rec... 75'4
. Coneel Cigar 24 14
.. Consel .gar rtn ... 2'4
5 consolidated Gaa...1443
.. Consel Textiles.... II '
. Continental Can.... 90 '4
4 Cern Freducta Ref. .119 'a
:-. I'esden & Ce 49';
7 Cwden & Ce pf ... 97
.. Crucible. Steel &77a
. . Crucible Steal rte. . s-t
.. ( jban Am Sugar... 25'a
.. Cuba Cane Sugar.. 14J4
.. Cuba Cane Susar Pf 39
.. Da-. Ifren Chemical.. SOU
Debet rs C Mill Ltd 24 U
i Delaware & Hudsen130
C Pel Lack & West. .1321
5 Pf troll Kdlsen 11 6' 2
Duti.e Mines 38 '2
8 D-i I'ent ft: 1) Ce.. 151
6 Ini Rent C"e del) pf 89
5 r.AMman Kodak... 84'
3 Kite Storage Bat... 48 a
5 i:ndlcottJ"ehnoon . . 87 W
- liidlcott-Jehnson pfM5U
tvi,, 1 5 "!
.. Erie 1st pf 2-'z
.. Krle 2d pf '8
8 Famous Players L.. 102
6 Fed Mln & Smelt pf 5714
7 Flshar Bedy P- -1 '5
g Kiuher Bedy of O pf 96
.. FIs'k Rubber 12's
Freeport Texas.... 23
3 Gen Am Tank Car.. 67 '2
. . General Asphalt 68 U
fS General Cigar. .....a'
7 General Cigar pf .. 04 '?
7 5en ClKar deb p..104'4
8 Oeneral Electric 178
.. General Meters.... 1 4
6 Gen Meters deb 6 Te 84
.. Gepdrlch B F 33 '
.. Gray & DaUs...... 14J?
, r. 0 Vnrthern uf. 54 U
62
97
137
48
-O'V
63',
8M
63 '0
147',;
40 5,
77'j
40 '5
61
75
40
61
7 '4
31 i
51
92',;
86
47.a
86 '4
93 '4
23i
30 'i
77 'i
97
63 i
313
104'4
31
74',
33 '4
2'i
141
10?
67 1;
1
97s;
137 r
48 -'
7
30 S,
64j;---
8V
63 V
148 -
40 V
78 H
40'4 -
6i ',-; .
76M i-
37s -r
40 -
61 -
74 .
23 54
53
934 i
87 '4 -'
48 V -'-86
V "
98 4 t
23 V
30 7i -77
'4 -97
-7014
-r
31V -
1 06
3 V ,
74J4 -
."4 -r
2!i
144)4 f
11
90 V -118
'4 .
49! i
97
97 54 -i-H
26 '4
14 ',
39 -
49 -24J4
-
130
132 V
116'i '-
38 '4 -
100 54
89 -;
84 -J-
s8 -r
fl4UU
23100
,00
4400
117
47j;
97
96 v;
26
14 '4
33
49
2314
130
132?i
38
143 "2
39
83 74
46 !
67
115U
15fa
25
17 "4
100VJ
56 ?i
113
9b
12rt
22
6714
67
R0
1 04 J4
104'j
177!i
14
04 '4
34 ,
144
93 'j
39 Ja
12's
82 'j
2
73'a
re4
18S
8
111
3H
8H
41 Ja
1,'i
?D
38
27 ,
23 H
11014
14
55 5;
17'i
59 !4
77 !4
14
16
60
4314
4K
58J4
2700
1000
2030
300
200
700
700
100
103
330
4D0
1830
100
O30
6830
330
i 100
140"
1400
00
2200
200
100
r00
'00
1030
100
3430
810
100
100
200
3530
P00
630
100
??0O
13 30
100
200
400
2-t30
2700
3200
1500
400
6230
100
800
400
100
100
13400
100
100
200
1300
500
3400
POO
2700
100
200
200
300
2300
100
87 'J
1I5K
15V
23J4
18
102 x
01 Ji ,
113
96
1214 -23
54
67 54-1
68
81 -J.
104IJ
1 04 54
178
14J4
84 14
34 14 -
14V
94 H
I 40!;-!-
12)S-
83 T
2
81!4-
21 (4 ;-
l ci- North Ore ctfs.. 40
Guantanamo Sugar.
' , Gulf States Steel. . .
llablrshaw L"lcctrlC.
i'a
C3
2
82'i
21 1-i
19U
8
. Housten Oil
2 Hudsen Moter Car.
1 Hupp Moter Car...
TIv.1ra.ullc Steel....
1954
n -
111
4
8i
42 U -i
1J4 .
29
33 -
28 r;
23 H
110J4
14
55 -17H
59T-1 -I-77
5-4
14H-
16 -60
-45
54
4H 58J4
7 Illlnetn CcntraJ....H1
. Indlahema Ref 4
Indian Retains.... 8S
Inspiration Cen Cep 42 U
,. inter Cen Cerp '!4
. inter Rapid 20
, . Inter Atrrle pf.... -s
2 Inter Cem Enj.... ?9
. Int Great North wl 231,
5 Int Harvester new.. 11054
Tnt Mer Marine.... 14
i Int Mer Marine pf. 57 14
,. Inter Nickel....... 17 ,
Intel-national Papar e0;
's Inter Paper stpd... 77 U
. Invincible Oil Cerp 14!-.
,. Island Oil ?i
,, Jewel Te 8
,. Jarwel Tea PJf 60
,. Jenes Bres Tea.... 4b J4
ICansasi ft Gulf.... 4,
'i Kan City 3e pf. .. 5814
Victory Dlv 2
I Verde Dlv O'i
j Zena 08
I GOLDFIEI.D STOCKS
I Beith S.I
lnmK Pfnfl ... . .Ui!
LOCAL MINING STOCKS
TONOrAU STOCK.1
iim
Aaed
I -J
1
HO
.11
.07
.ia
.00
17
2.8754
1 V.'i
.04
.10
Caal) Dey .
Jim Jlutler
AJacNamara.
.01
0?
.04
.11
.Of
.Of
.03
.15
3. 76
l.ll'-i
.01!
O.-aelierjack
Cr'acent "
Midway
MUpali Eitenalea
Mentana
North Star
ruaeu Eula
ronepah Extension ....
uinm u
Florence
fkildneld Cen
(old Dev
(luldllalri Peep
Ui-A.it Hand ...........
I Jumbo Estenalen
i Kawanai
Lenn Htar
1 Ore
itwi inns
Sllvar rick
Upearhead
Waat Eml
Wast Ten
DIVIDE STOCKS
.01
.0'
.03
.or.
.in
.14
.us
.00b
:eS
:H
:,!
0J
01
01
07
.OH
111
03
,0.1
,01
07
,011
.03
AUIad Dlv
.Mm DW . ;;;
B.?h Butanslen ;
Itreuitli D vide
Dlvld" Extension
Dlv Cen
Dividend '
Eaat Dfv .::
Amparo
Arts United ...
Cajrdenln.
('andnlarla. . ...
Emma hllver ..
Hill TOD
Eureka TCreeaus
I Euraka, Helly ..,
liecia,
armiu ":::....
!
Marah
Mether I-eda
nex ""::::::
Bllvar avinai ......-.-
flutharlaad .,.....
Tonepak PJv .-.'.t.-
Tonepan XasWtrsak ..
,V
rvavada uuia
T
Nevada Wonder
SUCCtM .....
1
a
LEDGERr-PHILADELPHIA, THURSDAY, SEPTEMBER T, 1922
D1V,
Haifa in I STOCK Hl1
100 .. Kayser ft Ce new.. 45 '4
900 .. Kelly-Springfield .. 43 H
100 C Kelsey Wheel 95
1200 .. Kcnnecett Copper.. 37 H
1200 .. Ke stone T ft II... 8 54
2700 ., Lackawanna, Steel.. 80
100 . . Ijike Erli West pt 73
100 2 Lee, Rubber 25(4
1200 2U Lehigh Valley 6914
5200 7 Llm Locemotlre . . . 644
4;oe .. Leew-g me 1914
200 .. Left Ine 1254
a 100 .. Loese Wiles 59
100 7 Louisville A Nun.. 138
2100 .. Mack Truck 587i
300 7 Mack Truck lit pf 91 M
100 7 Mack Truck 2d pf. 85
500 .. Malllnsen Ce 37
200 .. Manhat Elev ctfs... 53
100 4 Manhatan El Supp 59
100 2 Manhat Shirt 40
100 8 Market St pr pf.... 64
2400 4 Marland Oil 39 5-2
200 2 Martin Farry 30 4
200 .. Math Alkali 464
200 .. Max Moter Class B 19
300 ; Mclntyre new.!.... 18',;
20600 12 Mexican Petreleum191 14
300 t Mex Petroleum pf.. 97 9i
3300 6 Mex Seaboard 20
200 6 Mex Seaboard Oil ct 17 i
100 2 Miami Cenner 30
til 8
P. M. (
4554
3754
-73
2554 ,
C9
63J4
1974
138
58 -
91 r
B5
37 -53
-59
40V
64
46V
19
1814
V-1954-17'-30
137a
3414-
954
68
54
22 'A
58
22 V
1 It
23
154
157
59Ji
107!s
17 -70J4-76
B8' t
84 54 r
32 54
12314
14
67 Ji
10(4
6 54
?.V
23 54
158
II
37
454
84 54
57 54
90
80
12J4
7514 -46
M
7H
93Js4
21
38 54
74!;--44
14
51 54 r
31
7 '4
715;
99 Ji
97
40 54
21 54 -92
Ji
87
43 K
95 54
133
32Ji
i
53 40 V
-,
IO IT
43 54
42 54
05
37
8H
7814
73
25 !4
6874
62 J4
19H
1254
39
138
58
91 ',4
83
37
53
59
40 V
64
38 H
30 54
46 V
19
18 54
187 54
!4
14
H
14
14
97 V
1954
17'
30
13V
3454
0 54
68
1854
46 M
22 '4
57 H
22V
14K
1154
22
15H
157
59 V
106 5i
17
70 54
76
97
Si 54
31V
no',;
94a
45 54
88
10!a
6 54
2V
22 5;
158
11
36)4
414
81V
56 V
90
79'4
125;
74'-
46
7!i
237s
21
38
74,4
44's
51
31
7 54
70 Ji
99 Ji
97
39
21 !4
9?.
86 V
47 K
94 54
130 7a
22 7
116'i
16 54
79
53
39
78
80
71
JV
53
118
57!i
45
155;
29 54
33 ta
50 V
3V
6 V
8854
96
32 H
93 '4
10'
10
93 '.
26 I a
03 54
1 2 '4
182 54
1 17 !a
85
47 '4
55 51
130H
6?.
2 V
154
48 54
50 V
31 1,
25J4
56 V
83
34 '4
14V
59
74
iav
148S
112
80
80
s!3'4
S'i
63 5
81
E47i
105
l7i
70',;
r'1 'a
66 V
12JJ
12V
li
18001.20 Middle States Cerp. 137s
1700
Mldvale Steel 3414
200
100
4000
700
200
400
100
100
500
300
200
300
300
300
100
100
300
5400
500
1600
12300
1200
100
1400
100
100
900
2700
100
100
2500
400
2700
4200
100
15400
100
7600
2100
300
100
400
1300
100
100
2330
300
200
1800
100
100
1200
. . Mln - St Leuis new 9!4
7 M St P ft S St M L.L 68
.. Me Kan ft Tex (wl) 18S
.. Me Kan ft T (wl) pt 47 'i
. . Missouri Pacific... 22 54
.. Me Pacifle pf 58
.. Montgomery Ward. 22V
. . Moen Moter Car... 14',;
. . Mether Lede Mining 11 t
. . Mulllns Bedy 23
. . National Acme 15 54
7 Nat Ulscult 158
.. Nat En & Stamp... 59Ti
6 National Lead 107 's
. . Nev Cen Copper.... 17
6 N O Tex A Met 70 ''a
...NT Air Brake.... 76
6 N V Central 98';
B N T C ft St L 84',;
. . New Yerk N II & II 32 s
7 Norfolk & Western. 123 Is
B North American.... 95
.". North Amer pf 46 '4
6 North Tacinc 87 71
.. Nunally Ce 10 "s
.. Ont Silver Mlnlnr.. 614
.. Okla Pred ft Ref.. 2V
.. Orpheum Circuit... 23 54
8 Otle Elevator 158
.. Otis Steei 11
" Owens Bet Mach... 37 Ji
.. Pacifle D"eve1 Cerp. 414
6 Pac Oas & Elec.... 84 !4
3 Pacific Oil 57 V
6 Pacifle Tel & Tel pf 90
6 Tan Apsr Petrel... 81V
.. PaxTlsn & Bingham 1J4
6 Pan Amer B 77
2 Pennsylvania R R. . 46 S
. . Penn Seaboard Steel 7 V
C Peeples Gas Chicago 93 7i
.. Peoria ft Eastern... 21
.. Pere Marquette.... 38' r
5 Pere Marq pr 74 j;
3 Philadelphia Ce.... 44 '4
2 Phillips Pet 51 Ta
14
14
54
14
t
W
IK
54
H
'i
7s
4
li
14
11
'a
4
U4
214 (.
'4
1H
.'i
1-i
1-5
1H
5;
V
1H
U4
u
1
!a
1
1
1 'i
?ii
. . Fierce-Arrew Met pf Jl
Pierce Oil 7 54
6 Pitte Ceal 71V
6 Pitta Ceal pf 99 7s
7 Pitta Steel pf 97
. Fltts ft W Va 40'i
200 114 Pend Creek Coel... 2114
1900 5 Pestum Cereal S3',
300
6400
1400
11500
1700
100
200
1000
100
2600
100
100
830
200
'l00
100
. Pressed Steel Car. . 87
Preduccra & Ref 48 j;
6 Pub Ser Cor of N J 95 'j
8 Pullman Ce 133 V
2 Pure Oil 33!;
8 Railway Steel Spg..116'4
1
2',;
v
n
Ray Cen Cenner. ... 16 ;
Reading 79';
Reading 2d pf 53
Remington Typew.. 41
Rem Typew let pt. . 78
Rem Typew 2d pt.. 80
Repub iron & Steel 72 !s
Republic Meters. ... 3 Jj
Reynolds Teb B 53
Reynolds Teb pf. .118
-j
r.
4
14:
1'4
'4
U
1.
71 -3V-53
-118
08J4
45
isj;-i
30 v
33 54
50 V
88s-
96
33 Ji -!
98 54-
10H
50 -
93 54
26J4
03J4-
19 'j -
I144
185 -I-
117J4
14 !
Ji
1
3H
2V
p;
2;;
30004. 1L! Royal Dutch N V.. 56V
200 . . Rutland pf 45
200
1800
100
200
200
100
noe
100
8200
100
1500
300
2930
1600
600
103
7030
500
500
100
100
3100
9100
1 St Jeseph Lead.... 15 54
. . St Leuis yan Fran. 30
. . St Leuis Southwest. 3314
. . St L Southwest pr.. 50 V
. . Saxen Moter 3-U
. Seaboard Air Line.. 6V
. . Seara-Reebuclc .... 89 Ji
S Shell Union Oil pf A 96
2 Stncjatr Consel.... 24
5 Sinclair Oil pf 98 !4
. . Skelly Oil Ce I0H
. Se Perte Rice Sugar 50
6 Southern HaclCe... 93 H
. . Southern Rati 27
. Southern Rail pf... 63 S
. . Splcer Mfg 19'4
4 Standard Oil of Call 15
5 Standard Oil of N J 185
7 Stand Oil of N J pfl17J4
7 Steel Tube pf 85
3 Stewart TVarner Spd 47 '4
4 Strembcrg Carb.... 56 '4
10 Studebaker 1325
.. Superior OII..J.... 7
. . Sweets C'e of Amer 3 Fa
.. Tcmt Cern F "A" 1 !;
3 Texas Ce 4874
4 Texas Gulf ft Sulph 50 54
.. Texas) te. Pacific... 32
1 Texaa ft Pae C ft O 25 V
6 Tobacco rreducts.. 56&i
.. Tobacco Pred A.... 85 J4
. Tel St L ft W pf. . 54 5-a
.. Tranocentlnental Oil 14J4
2 Twin City R T 59
6 Union Bag ft Paper 75
.. Union Oil 1954
10 Union Pacific 150
7 Union Tank Car pf 1 1 2
.. United Drug 80
.. United Retail Stores 62 ?i
.. U S C I P ft Fdy... 337a
. . U S Feed Products 6 V
..US Ind Alcohol... 65 V
..US Realty ft Imp.. 82 54
..US Rubber 56;
SUS Rubber 1st pflOS
BUS Steel 104!j
2 Utah Copper 71
.. Vanadium Cerp.... 51V
.. Va-Car Chem pf... 68 Ji
.. Vlvadeu Inc 12Ji
. , Wabaah 1 2 H
.. Wabash pf A 33 Fa
7 Western Elee pf...109 52
.. Western Maryland. 15
',;
Vi
3 V
2'i,
'
1!4 !
85
47J4
56
131 54
7
3 54
Ui
48J4
50 J4
32
i3
H
54 Fa .
1454
59
75
19
80
82 V
33 14 -
6', -
65 V
02 !4
!i4Ji -
105
104
70H
51 V
66 V -12Ji
I
12V 33 54
109!
14Ji f
2
21a
900
3600
100
4400
400
930
530
500
1800
100
1030
100
200
1600
1600
400
100
5500
430
1300
500
400
9200
100
8100
1800
JH 930
400
300
500
1300
1900
1430
200
200
500
600
430
300
300
400
V
4
3
IN
'4
V
154
J4
i
1
U4
1
" 'A
14
7i
'4
' 1
-7i
'a
'4
331,
109 5;
14 V
21 Ti
195;
61 V
120
U3
13V
24 V
27 H
49
Va
H
Va
W Maryland 2d pf 22
. . Western Puclflc... 19 '4
K Western Pacific pf . . 62
7 Western Union Tel. 120 5a
4 Westing E ft M.... 63V
.. Wheeling & L E.... 13i
,. Wheeling ft L E pf 25 54
3 White Eagle Oil.... 27 J,
4 White Moter 49
.. White Oil Cerp 8
.. Wickwire Spene SU 15
.. Willy Overland 74
.. Willys Overland pt. 42 54
'4
IK
' V
i
200
200
300
1100
800
1900
100
300
8
IS
7H
42
47 54
90 j;
43 V
10V
'
!i
1
17a
J4
H
154
.. Wilsen ft Ce
7 Wilsen ft Ce pf...
. . Werth Pump A M.
1 Wright Aero
48 '4
90 J4
43 V
10i
200
Ex-JIUstenis.
03
03
.10
I Tecnpa Mln
Volcano , .
I White Caps
Wllbert . .
,18
.IS
,05
il.'.
.0.1
04
,01
Jl
.10
.47
04
.01
.08
,0ft
.10
01
5.00
.10
.03
COTTON MARKET
New Yerk, Sept. 7. The cotton mar
ket opened firm and actlte at an ad
vance of 25 te 43 points. Buying by
the trad was a feature early. In ad
dition, Liverpool purchased freely and
there was heavy covering through com
mission house. New Orleans and the
Seuth again furnished most of tha sell.
03
.19
.OH
.4.1
.03
.0054
.08
.04
.08
4.00
.08
.03
,
Ing. .uater, tbe list held well.
I I'favleua Cloea Open
October I'O.Ssasa sOll
'December ... '.'O.isegs ul.ie
January 2087e 20.07
'March 20.808l al.tS
t.ty .... 20.88SJ72 ai.OH
ljulv :o.e
I Offered.
i -..
MIBCELU4.NEOUH
n
10
OS
1 OS
.1ti
.OS
31
.03
1 12 54
.34
.01
8,75
.10
":8a
:B
I. .3
0.!
1 On
si!
00'i
:::::. .2Vs
.......414
...sa.uii.
....... a..,. 0L
RAR SILVER
nomeatle
bar silver wti
Ji aerK
te.
at hub nar
........... ?
ire.TlAV7,
,. ... .. '
UTILITY STOCKS
LOCAL FEATURES
Fuel Shortage Likely te Prove a
Beem te Electric and Gas
Companies
The utility group continued te com cem
msnd foremost attention of the trading
in the local market. The price altera
tion ded net amount te much, but the
mere slgnlfiean feature wns found in
the broadening- Interest for this class of
stocks, which is in line with the pradual
recognition in nil parts of the country
of the improved position occupied by
this particular Industry. During the
tabs period ana the pest-xvrir period vir
tually all (he utility corporations suf
fered peme very bard knock"), but the
1
H
Ji
1'4
54
14
fact, the majority came through the
acid teat with Mich pleasing results
fends te strengthen confidence as te their
future welfare.
The proletiRcd labor troubles in both
the hard and soft coal districts is al
most certain te increase the buslncw ns
well ns the corning capacity of these
concerns te a very large extent. This
will come net only from n greater do de
mnnd upon the power producing plants,
but the gas companies, nt the name
time, as experienced in the previous
protracted anthracite coal ntrlkc. will
be called upon te supply heat which ap
parently will net be obtainable beeniii'e
of the fuel restrictions.
P. It. T. maintained the leadership
of the croup, making n further advance
te 33. The mere significant devel
opment was found in the consistent but
gradual rising trend of the underlying
companies. The slew recognition of
the high range yields of most of these
concerns and the assured stability of
the income return has for n long time
14
Ui
154
54
J4
1
1!4
114
V
45;
H
V
!4
4
been a mystery te all making an un
biased study of the investment situa
tion. Union Traction, after having
broken loose from the 41 peg, moved up
tu 41 7A, an overnight gain of "i, and
within n J?l of the high of the year.
In the ether utilities a geed demand
continued for L. O. I., which in early
dealings raised the quotation 1e 54V.
alhetugh the gnlti was subsequently
surrendered. The .Philadelphia Klcc
trie issues eased off slightly, but Phila
delphia Ce. preferred was up a $1 and
the cumulative preferred .
Ui
3
1
i V
2J4
U4
!i
V
Ji
Philadelphia Steclts
1.1.1
V M.
MS
N-t
i-lice.
Rieh low
lfiO Am Slrs..i4S,j US
-'OtAmTel &
Tel ,...12ti'i 120'..
le Ciimb Iren 11 41
234 Elcc Ster. 48tJ 47' i
5 In Ce N A II 41
50 Lake Sup. S S
110 Lch Nav.. 78'i 7S
400 I'enna II II 4liaj. -lO'-i
10 l'ennn Salt St) SO
20 1'hila c pf :;t ;u
C8 de cum pf ;:'. 4rtu
2r.2P-hila Filer .'11 ai-)i
87 de pref. . .n.U4 WA
08a Phlla It T it:sa8 ;;2
120 Kadie Cor. r 44
aitSInelalr. . 3.'5Vj s!32
40 UnleuTrae -11 4lj
4.-.0U G T.... r.lMi M
15 de prcf.. oe Ce'i.
12C.'il
11 ..
1S', lni
41 ..
S ..
7S 'i
40',H- is,
80 ..
.'il -1
4liV, aj,
31 a; 14
31
33'-)s-T-
it a;,
33Vj-t- r's
K 4
r
'4
7i
i'a
j;
Ji
1
r,4i. l
8
5514
!4
IN't chans-e mad- hy comparison with last
sale en New Yerk Sleck Kxclianm.
riUTADEUHIA DQM).1
25O0O Liberty 4th -His '38. .. .100.10
100 Amer Gas & Electric 03. SO'.A
2i;
ten
5
1
il
1000 I'hlla Ce con os
300 Phlla Electric 1st Cs
"00 Thlla Electric 1st ."is reg.
:;f0 Phila Electric 1st os....
1000 Phlla Electric os
WK) Phlla Electric C's
3000 Phlla Electric lis
01
100
nVi
100 '4
lOli
102'f.
100 "
70
1000 W N Y & IVnua gen 4s.
NEW YORK COFFEE MARKET
New Yerk, Sept. 7. Trading was
again featureless nt the start of the
coffee futures market this morning and
first, prices were 5 te 0 points lower
en a few liquidating orders, with no
support in evidence.
Trading continued lifeless inte in the
forenoon, with just enough trade de
mand te advance prices 3 te 4 points
and held the market stcudj. .lobbing
l.cuses reported a continued steady de
n.ant'. f.nd for the spot .ir.icltt at tirmly
held prices.
1
!4
V
V
!i
2 54
3
V
154
J4
1
J4
'h
1
14
H
54
Prev. cleae
September tl.ne
December D.SS
March 9,r.75A
May P.B()5T
Julr 9.57
Bid.
Opn
t). 3.1644
n.60
0.61 55
0 SOfi'53
9.50
GRAIN MARKET
Chicago, Sept. 7. The wheat mar-
ket opened Irregular at Uc decline te
bc advance, and early In the day moved
within narrow limits. The Liverpool
cables were d lower, with cash wheat
there unchanged te Id decline, and
there was little td Indicate mere than a
moderate expert inquiry.
Receipts at spring wheat point were
large nnd tbe trade placed a bearish
interpretation en the rumors of an
early settlement of the rail strike, but
there was little pressure en the market
and traders appeared te have assumed
u waiting position.
Cern started firm at J.c te ai ,i.
2V
',;
54
H
U4
1
!a
H
!4
H
IV
!i
V
54
tance nnd held steady, with a quiet
trade. Crep accounts were again bull
ish, but there was a disposition te await
the publication of the Government tp.
pert which is due nt 3:15 I M. to
morrow. Oats advanced c te Vc with corn
and en reports from the West that ex
porters had taken 500,000 bushels yes
terday. Previsions were firmer en an ad
vance of 15c In the big market and
reports of decreasing stocks at the lead
ing interior markets.
19'4 I
62
1 20 14
U3 V
13'i -20
5; r
27 7j-i-41
8
15
?V-f
4214
47 54 -90J4
1
43 H
10K
Cern rrav. oleae Open
Sept. ... H1H fllji
Dee, . M!4 r.74
1 P.M.
etij
i.oen
I lll't,
1.07
3Ji
" V
V
?s
r.7s
K0',
May . . UOVi COS tj
Wheat
SDt. .
sti'i
t.eiV
1.07
ST
".ft
I Dee. .
i e ffii i nt.
1.07 t 1.08
May . .
data
Sept. ...
Dee. ...
May . . .
Kt
Stpt. ...
Dm. ...
.14
.14 V
3 8'. a O
3t'.
38
38 '4
881?
8S
Ji
V
VA
Va
"VA
4i
Lara.
Oct.
10.25
10,
DIVIDENDS DECLARED
Viaher Hedy Ohie Company, euarterly J
en preferred. ps'bl Octelwr 1 te stock
holder of record September 21
International Cement Corporation, quar
,8r
1.1
07
terly 6Z' cenia en coniinen ana i ir
cent en preierrew, vyi fcjine eepieniper
80 te stec of record tcptumwir IB.
rimlt. IVabedy 4'e nuarierly It. 75 en
preferred, ixijable October 2 te stock of
record Beptember 20.
Masen City &. Ft. Dedge
4s, 1955
Western Maryland ,
1st Pfd.
Kirby Lumber Pfd.
1 P.M.
20,88
31.11
20,4
31.00
Wm.C,Orton&Ce.
unchansed In
S4WIISt,N.Y. TI. Htnertr 9690-M97
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NEW ISSUE
$325,000'
Clearfield County . ,
Pennsylvania
4l2 Per Cent. Read Bends
Dated September 1, 1922 Due September 1, 1952'
Subject te Redemption en or after September 1, 1932
Interest March 1 and September 1
Coupon Bends $1,000 each, with Prevision for
Registration of Principal
TAX FREE IN PENNSYLVANIA
EKcmpt Frem AH Federal Income Taxes
Ne Certificate of Ownership in Collecting Interest Required
Legal Investment for Trust Funds in Pennsylvania
FINANCIAL STATEMENT
(ns officially furnished)
Total Assessed Valuation (1922) $23,853,010.00
Total Indebtedness (including this issue) 1,102,911.31
Ratie of Total Indebtedness te Assessed
Valuation, 4.62 Per Cent.
Population (Census 1910)... 93,768
Population (Census 1920) .. .103,236
Clearfield County, with an area of 1142 square miles, is
situated in Western Pennsylvania and lies due north of
Cambria County. The County is served by the Pennsylvania
Buffalo, Rochester & Pittsburgh; Buffalo & Susquehanna,
and the New Yerk Central Railroads. The principal towns
include DuBois and Clearfield, the County Seat. The chief
industries are agriculture, bituminous coal mining and
manufacturing.
Wc offer these bends, for delivery if, when and as Issued,
and subject te approval of locality by Messrs. Tewrtsend,
Elliett & Munson, of Philadelphia.
Price: 103.67 and Interest
Te Net 4.05 Per Cent, te the Optional Date
and 4Vjj Per Cent. Thereafter
Harrison, Smith & Ce. Biddle & Henry
1 2 1 Seuth Fifth Street 1 04 Seuth Fifth Street
Philadelphia Philadelphia
Th information and alallatlrs contained herein hara rn
obtained from Eburcea which t b-ll te b reliable.
TRUE:
Faithful in adherence te friends,
premises, or principles.
New Standard Dictionary
True Te The Interests
Of Others
THE original company from which
Provident Trust Company of Phila
delphia sprang, through judicious man
agement, earned the reputation of being
one of the most economically managed
companies of its kind in the country.
Thus Provident Trust Company of
Philadelphia has inherited a tradition
of scrupulous regard for the financial
interests of ethers.
An institution that has been true te itself
will be true te you. The same conscien
tious Deposit, Safe-Deposit, and Trust
service we have rendered ethers is
also available te you at this new institu
tion with fifty-seven years of experience.
PROVIDENT
TRUST COMPANY
OF PHILADELPHIA
Fourth and Chestnut Street!
(Sutetuorte the Deposit, Safe-Deposit, and Trust
partments of The Provident LiJ
Trust Company f Philadelphh
l ss. Departments of The Provident Lift and JrV. jl
' ", Trust Company f Philadelphia) r"
ERNST & ERNST
AUDITS
COST ACCOUNTING METHODS
TAX SERVICE
2023 LAND TITLE BUILDING
PHILADELPHIA
Telephone Loeust 2081
Underlying Bends
Georgia Ry. & Electric
Refunding & Imprevtmtnl
Mtg. 5, Due 1949
ContelidatedMorlgait Sce
Dae 1932
Amer. Tel. & Tgh.
Rights
Bought 8c Sold
MORLEY, WOOD & CO.
333 Chestnut Street
Mjmihera N. V & VhUa. Hteck T.xth'.,
Well-Mteured, seasoned '
company I a e d of
Georgia Ry. & Pouter Ce.
C. S. PATTON & CO.
3I A ( l.i.srM.T Sl.S.
BANKERS
. . Siicreaanra in
PAsrVliirfl iinOn TClU
Uf fcUfHS ea. -( .-
Hep A A. Morgan & Ml
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