TjVV? ''J 'W !"' V f If ,
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T
EVENING PUBLIC LEDGERPHILAXElJHIA, SAtfRDAY,
V
V. Vi&M
SEPTEMBER 9, 192
41 J
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SHY RISE IT
REALIZING SALES
jConstructive Forces Apparently
, Given a Free Rein in Bull
ish Demonstrations
New Verli, Sept. 0 Week-end real
IxInR rnuc( juices te taper oft Mlfihtly
In the lntter part of teeln.v's "-cslnn In
the stork market, lifter n number of
new IiIrIi prices for the jear were roc; rec;
iatereel In many cl.iiies of stock. The
forward swine was leMimed at the
opening, despite the abandonment of
negotiation tcRardiiiK settlement of the
hepn.en's trlke. The dividend-paying
rails were anion;; the most ictlve
ntl strongest features. The ilemand
for RpecinltlcM n net n proneuived
s it has been ilurliis the Inst few das,
but evidence of continued peel activi
ties was te be found in different quar
if,i '" ,'"' "ecn,"l hour the entire
list felt the weight of the ie.ill7hiK sales,
causing cancellation of mtiih of tne
earlier impievement. A linn tone
'however, was maintained, making the
net rh.inges iinimpertant. but with the
larger part of the list showing gains.
A til in ten prevailed in the bend
mnrket. Itniliencl mortgages were again
the faveiites. the leaders being Net -folic
convertible.- ('.-. Central I'.icitlc
firsts. St l'aul convertible 1' -s. North
ern Pacific -K Southern Uaihvav 4s
nnd Chicago and Alten njq. "Knt"
Cs, whe-i issued, were Mlghtlv rciic rciic
tlenar.v .
Few Important changes took place
In the industrial and public utllltv di
visions. Aja Iiubber and ISroeklvn
Rapid Transit 7s climbing a eint nnd
Central Leather "is improving frac
tionally A fractional gain In I'renc'i
"Vis was the enlj notewerth.v change In
the foreign group. Libert "bends held
atendv.
The nrofessien.il f mill lie? nnntlnrnnt
vldentl.v found, in several unpleasant
as well as unprofitable experiences last
Week, the time was net .vet ripe for
bucking the market currents The de
velopments cf the week. marketwie,
vhile rehittveh having little direct or
Indirect connection with fundamental
or economic conditions, demonstrated
In a ver.v forcible manner the se- j
cnlled constructive forces were tlrmb I
Heated in the saddle and up te this time '
nothing of sutiicient power existed te
unsent them. Hew long, and te what!
extent, this unlimited power will be
allowed te continue is entirelv proble
matical. Twe weeks' operations registered
quite a large number of new "highs"
for the venr and while this leprescnted
te n large extent individual elemeiWrt- i
tiens. the extended list of various!
stocks embraced in the upward swing I
gives the forward movement n much
broader field than appears en the Mir
tace. One et the meie curious features
attending the bullish demonstrations, i
jet net altogether unfamiliar in all
great market swings, i the fact that
speculative enthusiasm is running the I
mere ininpant in these stet ks in which I
the mere conservative brokerage houses'
are advising c union, while en the ether
hnnd, these stocks recommended favor-
ably show little signs of life, or action ,
la hi different
Ne one would attempt te denv the
predominating peel activities attending
tnt recent bujlug movement, but the
xery succesef these distributed in
dividual cr group demonstrations ap
paientlv reflects a complete accord en
the part of the influential and powerful
Inteiests. In such a demonstration of
recuperative power as given nfur the
backset en Wntlnciinj it would be
difficult te persuade the average la man
the necessitj of nppl.vlng caution nnd
discrimination or in cal'ing attention
te dangers attending the cieafien of an
overextended long interest, net te speuk
of the tremendous torrewmg In Wall
Street for linancing tians.ic tiens. These
are all swept aside bv the glamctir of the
spectacle of lapidlv rising quotation"
let. en the ether hnnd, all testimony
indicates liberal profit -taking, and in I
man cim-s b.v these scicening opera- i
tiens b.v vlgoieiis and well-timed spec
tacular upbiddiug of undeniable highl
luauinulntiU issues I
Ter some time nu-t just one sermon '
hed been preached in ih market reilm
the text of which is The biggest hull
market en record this full ' This does
net linplv the pieginm will net be car
ried out, but the histerv of all great
market swings and experience has mere
than once demonstrated the lack of
wisdom in following the crowd Neither
are these who supported the market
while strikes were troublesome through
out the count! philanthiepists The
possess the same human instincts as all
ethers who enter the mcriv game, and
Will be found quite readv te supplv all
demands fiem these bujvrs who, months
age, would net tone u tue Name stocks
With a forlv-feot pole.
Sentiment changes quickly jn specu
lative circles nnd en the slightest provo
cation and these hesitating te take prof
its en sue'i bulges as witnessed t tils
week will live te teg ret delu et decision.
NEW YORK STOCK MARKET
Only Afternoon Repert in Philadelphia Quoting Full Li$t
Today's Sales 515,000 shares
Yesterday's Sales 1,1 12,700 slmrcs
Total for this week. . . .4,523,700 shares
Dlv
ln STOCK High
Adams Express.... 70
Air Reduction 56 vi
Ajnr rtubber 14H
Alnslca Geld Mines. H
Allied Chcm & Dye. 8"
Allls-Cha'mers .... 19
Am Agrle Chem.... 40
J Am fiesch Magneto 44 Jj
Am n S P ..... 02
Am Cnn 63T'a
I Am Can pf 109 U
!; Am Car A Fely 191
Am Chicle 9j
Am Hide & Leather 14'4
1 Am Ice 121
Am Intermit Cerp.. 35V4
1 Am La Trance Eng 1314
Am Ltnsecd 35
e Am locomotive.... 1Z6
5 Am Metals 51
Am Iladlater 120s
Am Safety Razor.. 7
Am Ship & Cem.... 19V?
Am Smelt G5U
7 Am Smelt pf 102H
C Am Smelt Sec A . . 97
3 Am Steel Foundries 42 14
7 Am Steel Fdys pf. .105
Am Sumatra 41
9 Am Tel & Tel U3J4
.. Am Tel Tel rts... 3H
12 Am Tobacco 1t7U
12 Am Tobncce n ....164
8 Am Tobncce pf newt 05 55
.. Am Waterworks... 2054
. Am Watrwks C pf 40
7 Am Woolen 102
7 Am Woolen pf 110 54
.. Am Zinc rl & Smelt 10
.. Anaconda Copper... 55
.. Ann Arber pf 49 Jg
4 Asse Prv Goods ... 58 54
7 Afse D Goods 2d pf 86 54
C Asse Oil 119
8 Ateh Tep & Sin Fe10n9
. Atlan Dlr & Atlantic 2?i
7 Atlantic Ceist Llne124
.. Atlantic Fruit 2H
. At' Gu'f & W I S 3 32 H
6 Atlas Powder pf . 90
.. Austin NMchels ?4Ja
7 Ba'dw'n IOcometlvolT6
.. Hiltlmere & Ohie r8H
4 n.xltl & Ohie pf Cb'i
. Harnett Lonther . . f7
.. narnPdall Class A.. '6?a
. Heechnut Tacking 34
6 IJeth Steel n . 7f
5 Heth 5tt,p, s nf H6
.. Hilt Em Steel 2d pf 36 5;
.. Uklvn Hipld Trinslt .5' 2
8 Drklyn I'nlen Gas 12154
. nrevvn Shee f4'
7 Crown Shoe pf .... f 8
10 Burns Bres 13Gre
2 Bums Bres B 8
.. Butte Cep & Zinc . 61
.. Butterlck Ce 20 54
6 California Tacking C4
.. California Petrel . "4
.. Cnl Zinc and Lead.. 10
2 Calumet & Arizona C2'-i
10 Canadian Tac fle. . 149s
.. Central Leather.... 42 ia
.. Cen Leather pf.... 81 'a
.. Cerre-de-Pasco .... 40' i
0 Chandler Meters . 64 ?i
4 Chesapeake & Ohie. 77 3i
.. Chicago & Alten.. 4 14
.. Chicago & Alten pf 6H
.. Chicago & Or West 74
Chi & Gr West pf . . 19
.. Chi M 1 A St P.. . -'4T8
. Chi Mil & St P pf E3'-
5 Chi .v. Northwestern 94
7 Chi & Northwest pfl.5
4 Chicago Pneu Teel. 9S
. Chi R I S. Pac 8
6 Chi U I & Pac 6 pt f8'0
7 Chi R I & Pac ", pr 9
.. Chlle Copper T4i8
. Chine Copper -04
6 Clev Cln c & 8 L pf 974
4 Coca-Cela 70 4
.. Celum Gas & Elec ,1C54
.. Celum Gnphopheno 3Ta
6 Cempilt Tab Rec... 75 ''s
.. Consel Cli-ar t8 54
.. Conel Cigar rts ... 3"2
8 Consolidated Gai...13
.. Consel Textiles ll'i
.. Continental Can ... 9
4 Cern Products Ref..120J4
Salea
300
2C0
4I0J
100
2530
3 JO
103
830
1030
1433
100
100
100
300
5J0
700
103
330
4330
1100
1030
333
3030
930
200
100
1930
100
803
4730
9230
400
530
100
1700
1100
3800
333
100
3630
103
200
400
330
15)3
200
39)3
300
1200
100
10330
15230
1700
tee
133
703
230
4)3
203
100
700
100
230
200
200
2)3
100
530
1630
230
45 30
200
2100
1630
3)0
600
2530
1330
1233
1330
100
400
36 3j
5333
30)0
233
23)0
2330
333
100
6700
133
103
6)0
700
730
14)0
6)0
103
60)0
150)
24)0
2833
6200 2 V. Cosden & Ce
FOREIGN EXCHANGE
New Yerk. Sept V The foreign ex
change market today reverted te the
ordinal week-end lwliU iv piopei turns
und developments. I5usines was e
tremelv light and quotutleus, ter the
most pan, had i nominal appeiranee
Te some extent, the quietude might
have been attributed te the confused
foreign situation ami the consequent
lack of leads from the foreign mar
kets. Vr nch eihant,c, although quiet,
wus fairl steajv, ucevering all but
a small fraction of n:i earlv les.s ()f i.
Sterling showed a net less of , lire
were off .., Danish declined L nnd
, Swiss lest 1
I.ttte quotutieiiH were. Sterling cables
were -i l.ii, demand 1 l,i , frai,e
cables
cables
4,r
checks
e hei lis 7
checks llil"
e i.i
, ;m
15.4S, cheel's
16.07, checks
'ULHS. cheeks
10 "-, clier-ks
a0..ri7. cheek
1.-1 III
IS'.H,
M T(
It! 117.
:n .". .
cables
e a hies
c ubli'i
tables
cubles
Thr
e ii't , ueigian
I-' i . lire e'.ilili'S
n seta cable1
.sw SS
Daul-h
Neirvviii
Swedish
.'Ulldcr
88.SU. cheeks, US 7S . m.uks 07 ,
lei-t inenllpneel showed u net less of
The premium en New Yerk funds In
Montreal tedav was 's per cent. The
discount en Canadian funds in New
Yerk was 'H per cent.
TODAY'S ciPLNINU QLOTATIO.S3
SinrUnc 1 rnncs I r Oulldpra
Demaiul 4 I5J, 7 7J' 1,11 .Is 70
came . -!-' i.ie eui
C'LOHI.SU QUOTATIONS
tetHrlln I'rnnes l.lr aulldcra
Demand 4 41 7 7H, 4 11 .is b3
Cablea . . -I 41 7 7.Vi I 33g 38 'Ju
Ne Change In Sugar Market
New lock, Spt II. llellilii lomlltlena
prevailed In I lie lucil auvur inirkfc teduj,
alra of local r. tllitm ulth una eice-inlen,
belnej cleaed TIib reMnera' Hat rlee how hew
vtr. ruinulncd une hiiiiunl en ilm bula of
O.50e. lcaa 'J per cent for cuah The raw
ausar market continues nulit nnd uihIhiiiiib 1
with moderule amount of Cuius uvnlluble
at SHc, eeat nnd frelvht but buycra at
the moment eippe.cr le b Indirtereut Ne
aalea weie reported calrrduy.
COTTON MARKET
ds bl
100
5530
28)0
4)3
1030
203
553
1230
330
1230
15)0
200
10)0
4)3
223
4)3
100
1100
100
13)3
730
330
330
3)0
2830
12)0
3)0
100
10J
350)3
5C0
103
200
100
100
3103
14)0
200
200
10)
200
100
100
6JJ
430
620)
7 JO
930
1703
100
100
100
100
300
ioe :
40 j0
200
300
830
10)0
5)0
J)0
100
9)J
100
10700
600
163J
1600
930
100
ejJO
1200
830
1630
49 Tg
97
-6fe
'4
Cosden & Ce pf . . .
. . Crucible Steel
. . Crucible Steel rts.
. . Cuban Am Suuar. .
. . Cuba Cane Suirar
. . Cuba Cane Sucar pf T8'i
9 Delaware & HudaenKO
6 Del Lack & West.. 137
. . Pebcers C Min Ltd X 3 i
I Deme Mines 39iB
B Du Pent (i: I) Ce .1553
5 Eastman Kodak.
3 Llec Storage Bat.
6 Lndlco'UJehnson
.. Er'e
. . Erie 1st pf. ...
. . r.rle M Bf
8 Famous leavers I.
76
14
4?4
. 48
. t9
. 16'2
. Z6
. 18
.1C2'2
8 Tameus Plavers pf 104i
6 FVd M'n & Smelt pr 61
10 Fisher Bedy ... 119
8 Fisher Dedy of O pt 96
.. Flsk Rubber 12'-
.. "reepert Texas.... 23
0 Gen Am Tank Car.. 70 H
.. General Asphalt.... LCi
6 General Cigar . . . 81 'i
7 Gen Cigar deb pf .105
5 General Electric 160
. General Meters. .. 15
6 Gen Meters deb 6 65
7 Gen Meters deb 7 99 34
.. GUdelen -e 15
.. Goedrich B F 35 U
.. Granby Mining .... 32
7 Great Northern pf. 5 'a
1 Gr North Ore ctfs . 40 K
. . Greene Can Copper 32 'a
. Gulf Mobile A North I6!
.. Gulf States Steel... 13
7 Hartman Cerp 84 '2
. Hendee Mfg 22
3 HemeHtalce Mining 73
.. Housten Oil 64 'j
- Hudsen Moter Car. 1 1 s
1 Hupp Moter Car... 21 'a
. . Hydraulic Steel.... bH
7 Illinois Central.... 114 4
, Indlahema Ref 4
, . Inspiration Cen Cep 42
.. inter Cen Cerp 1 i
. Inter Cen Cerp pf . !4
, . inter Rapid 29 '2
. . Inter Agriculture) .. 03
t Internat Cement . 33 2
2 Inter Cem Eng 29 '
.. Int Great North wl 23 U
5 Int Harvester new . 1 1 2 70
.. Int Mer Marine ... 14J4
6 Int Mer Marine pf E7'2
.. Inter Nickel . . 17 U
International Paper 60
G Internatlenj.1 f-nlt Ce
.. Jnvlncibie Oil Cerp 14 H
,. Iowa Central ... 8
,. Iren Products ... '94
,. Iren Pred pf .. 102 '2
.. Ikland Oil ?4
.. Jenes Bres Tea.... 50 2
,. Kansas & Gulf ... 4H
.. Kan City Seuthera. 25 ?i
.. Ke ly-Springfleld .. 44 J8
6 Kclsey Wheel 10 X
. . Kennccett Copper. . '-1 It
.. Kejstone T & U... 8?4
tow
77 'a
56 Vi
13
K
08 U
t9
40
43i
7914
63 ft
109ft
191 J
9ft
14ft
I20H
35
13 ft
35
1J3l4
50
119
Cft
19U
64 n
102H
97
42 ft
105
40 1 a
U2ft
3 'a
167
16314
105 ft
19
39 i
100ft
1C9ft
18
f5ft
49 Ja
57 ft
86
1184
1C3'4
2ft
1194
2ft
32
90
COft
132
57 ft
65 ft
C7
:6 ft
23 ft
70
115"-
36 ft
5'-.
121 ft
C4'i,
97 M
136ft
47
64
19a
f2ft
OT's
94
C2ft
U8ft
'1 ft
01
-!Cft
c3i4
76 H
4
6
74
1Bft
3'.
f3 5s
125
C6'j
47 4
T8
9
24
Z0H
cna4
69 "i
1C5ft
3a
74 i
:7 ft
3ft
142
11
90
119
48 ft
97
5
'4
'5ft
I314
'8ft
40
K6
T3J4
:9ft
153'e
84
47 ft
t8ft
16ft
25 Ja
18
101 ft
1C4
59 ft
117ft
96
1?ft
23
68
CSft
81 H
105
180
14 ,
E5
9&?4
15
:-5'
32
94
40 ft
32 ft
16
63
84 ft
22
73
830
'1ft
20
7ft
113ft
3ft
42
1ft
4ft
29 ft
8ft
33 ft
28 ft
23 ft
H2ft
14
56 ft
W?4
59 ft
66
14
8
:5 ft
94
49 ft
4ft
25 H
44ft
103ft
37
I ft
1
r
ft
ft
ift
u
!!
i
1
ift
i
Today's Net
Clese Chite.
70
56ft- H
14 V
CBft -f9
f
40
tlK -
81 ft 1 '-a
63 H
109ft I
191 H
9ft r
14ft-120ft-
35
13 ft
35 -U6
-
51 1-
120H
7 (-
19ft
65
102H
97
42 ft
105
41
1.3
3ft
167
164
105ft 1
20 ft-!
40 r
101 54 -109
ft -
18 r
55 ft
49 ft -
57ft- ft
86 ft 1 ft
1184-
104ft V
2ft- ft
122 3
2ft
32 -90
24 ft t
136 -r
:a
65 ft
67
36 ft
34 78
116 r
33 ft 'r.'S
25'-
121 ft ft
6 4 "a
974-
136ft-
47 H -
6i
20 ft
84 -t3ft
10 -
62 ft -l84
-'2
01 "a -4Cft
-C4ft
76 ft
4 68
74
19 -f
T4'-
E3ft -1-r4ft
J
125 left
's 18ft
99
243
:e4
97 4
70 ft
1C534 -I
3 34 -
75 4-
:8'4
3ft
142 -
11
92 r
119 -
49 1, -
97
3ft
24
1ft
84
1
1
ft
H
1ft
2ft
"a
1ft
ft
4
14
ft
la
H
ft
ft
ft
H
ft
H
H
'a
I
ft
1
ft
H
ft
li
ft
1ft
ft
L5'2 '
V
ft
ft
ft
I,.
24
:5ft -
14 -
38 ft -40
136 14 4-
23ft -
39ft t
154 -
B4 -
'8
E8ft -
163 4-
26 -
18
1C2ft -1C4
.
61 4
119 -r
96 r
12',4-
23 ft
70 ft -r
t84 -
81i84
105 4.
180 f
14 ft
65
9S
15
:54
32 4
043, 40H
32 ft-
16ft 4- 1
63 - y2
84 ft - ft
22
73
63 S -?'ft
4
21 4-
U4
3
ft
2 '-a
54
54
li
!a
ft
a
1H
8 'a
1ft
1ft
114ft
4
42
1ft
4'4 f
29i ft
8 ft - 1 ft
33 ft ..
28ft- 5'B
2354 ..
112ft f
14 -564
-17ft
4
60 ft -r
66
14ft-
8 -r
38 -r
102ft 4- TV.
49ft 4-
4a
254 r-
44!-i
103 ft r
J7 -
OH-r
H
11
ft I
1
a I
54 '
2
ft
ft I
:J 1
'2
ft
2ft
ft
J
Patea in t
:uei
IC
500
4300
2400
30)0
300
2230
5500
503
200
200
800
1300
7700
203
3200
1G0)
603
103
200
700
2530
1I0J
400
8700
7400
1303
700
2600
100
200
200
700
100
433
430
103
3233
430
2100
700
5830
330
103
2IJJ
530
100
300
100
1200
100
900
230
1030
550)
2303
1303
2100
2300
203
1530
100
533
35J0
800
430
5100
243)
600
200
200
200
203
2830
233
5103
100
600
330
100
25 H
71ft
122
62 ft
19
59 ft
179ft
139
584
92ft
CC
83 54
374
54 ft
41ft
8
65
41
30 ft
50
fcTrt"t. tt.. -
100 "-, i'nc'iwnna Steel.. 79ft I 79ft
500 - :jac,C(' Oat of St U 40 ' 90 H
100 V?h,Bh Vnlley 72
431 I l'BB0tt & Myers pfl22
e aina Locomotive... 14ft
.. Leew'a Inc 19 ft
L0010 Wiles C6ft
1- Lerlllard (Pierre). .100
7 Loulsvllle & Nash.. 141 ft
' Mec-K I nirw I-.I1
330 I rr,nc Truck ' P' 93H
100 I f,IacIt Tr,lcl 2d Pf- 67
13J0 J, P."" Su,7ar Pf--' e3
100 'i Man!,at Klevctfs... 54
00 JJan,''t Shirt 41ft
300 "c V;lrIet s' Itwy.... 0
2430 5 Market St pr pf . . . . 65
-tei "nrlnnd Oil.. 41ft
' aeartin Parry 31 ft
.. Afnth A1trA1i rni
-. .... .lnull uu-a jw
8 May Dcpt Stores. .. 13414 134
Max Moter ClaB B 19 104
T4 iucintjre new 19 ft
iz Mexican Potreleum193
Mex Petroleum pf . . t7 ft
0 MftT Qaai... -.1 n r
2330i S ?Iex Sen'bei'rd Oil ct 17 54
603 ,2 ?"1d' S'a Cerp. 13H
-i uvaie steel T4ft
- Miami Copper 29 ft
Min & St Leula new 9 54
M S' P & s St M. 744
. Me Kan & Tex (wl) 19
Me Kan & T (wl) of 48
Me Kan & T 2d aw 35
Missouri Pacific... 23 JJ
Me Pacific pf 13.5J4
Montgomery Ward. 2J
Moen Moter Car... 144
Mether Lede Mmln 1 1 ft
.Vatfenal Acme 15ft
7 Nat Biscuit 159
Nat Cleak A Suit... 59?a
Nat En & Stamp... 63ft
1 Nat En & Stamp pfl05
0 .National Leid 10B
Nat It It of M 2d Pf 4ft
N V Air Brake 78
N Y Central 98 H
6 N Y C & St L 5 ft
.. New Yerk N II & II 32ft
2 New Yerk Ont ft W 27 ft
7 Norfolk A Western. 125 54
e North American.... 92ft
3 North Amer pf 46 ft
e North Paci.lc 9
Nuna'lv Ce I0H
. . Ohie Bedy . Blewer 6ft
.. Okla Pred & Iter . 3
Ont Sliver Mining.. 6ft
. Orpheum Circuit... 734
8 Otis Elevator 155
2 Owens Bet Mach... 40
. raclflc Evvel Cerp. 4ft
6 Pac Gas ft Elec 634
3 Pacific Oil E9
6 Pan Amer Petrel .. 62 ft
6 Pan Amar B 77 ai
2 Pennsylvania P. R. . 46ft.
. . Pcnn Seaboard Steel 7 54
0 Peeples Gas Chicago J 3 'J
. . Pcre Marquette.... :9 ft
B Pere Mare, pf .... 74ft
3 Ph ladelphla Ce.... 444
2 Phlllles Pet 54 ft
. . Piercc-Arrew Moter 12
Pierce Oil .... 7 if,
2 PlSSli WlggU Stere 46 8
6 Pitts Ceal 7Hd
. . Pitts ft W V.I.. .. 394
6 Pitts ft W Vl nf Q1
4 1H Pend Creek Ceal... 21ft
6403 6 PestUm CVrnnl in-
8 Pestum Cereal pr.,.110
. . Pressed Steel Car.. 89 ft
7 Pressed Steel Car pfl03
Producers & Rcf 48 ft
fi Pub Ser Cor of N J f4ft
8 Pullman Ce 126ft
. . Punta Alegre Sugar 48 ft
2 Pure Oil.., 33i
3 Pure Oil pf 100H
S Railway Steel Spg..119ft
1003.U Rand Mines.
700 , . llav Cen Crnre
15103 4 Reading
1030 2 Reading 1st pt...
4)3 2 Reading Id pt . . .
1030 .. Remington Typew.
100 .. Replogle Steel
lyjJ .. Renuh Trnn r. Ste.l fiQTX
e?2, Rep Ir0n Steel Pf 928
210) .. Repub Ic Meters.... 4
1330 3 Reynolds Teb B 5RU
55'a
16H
63
55
f4ft
40 ft
324
51
4ft
7 ft
12J4
92
12004.13 Rojal Dutch N Y.. E8ft
.. ht Leuis San Fran. 30ft
12 T ...l r- .. n.
.. .?fc uums oeuenwes;. j'e
.. ml southwest pf.,
. . Saxcn Moter
. . Scibe-ird Air Line
. Seah Air Line pf.
. . Sears. ReebuCK . . .
6 Shell Unten Oil Df A 95
2 Sinclair Consel.... 34 54
.. Skelly Oil Ce 10H
. . SIess Sheffleld 50 ft
6 Southern Pacific. . 94 h
.. Southern Rail 27
.. Southern Rail pf... C4 54
.. Spcer Mfg 20 ft
4 Standard OH of Call 16
D Standard Oil of N JU754
7 Stand Oil of N J pf117
3 Stewart Warner Spd 48 H
i Strevmherg Carb.... 58
10 Studcbalter '334
7 Stud, baker pf 115
.. Superior Oil G4
.. Sweets co of Amer 3ft
. . Tcnn Cep ft Chem . 1 0 52
3 Texas Ce 49
.. Texas ft Pacific... 32 5i
1 Texas ft Pac C ft O .6ft
6 Tobacco Products . 84
.. Tobacco Pred A . . 57ft
.. Transcontinental Oil 15ft
C Union Bag ft Paper 7 64
. Union Oil 18 3$
10 Union l'acinc 113
4 I'nlen Pacific pf . 78 ft
. . United Druit B2!.
200 3ft United Lrug lit pf . 4954
400 8 United Fruit . .. 154
. United Uwv Inves 15 '4
. United P.einll Stores 5
. I'SCI I'si'ly . '4
. U h' Feed Products 6a
. U S Iml Aicohel . (CU
. U S Realti ft Imp . E0U
. U S Rubber .... n
8 U S Rubber lBt pflC3
0 U S Steel 105
7 U S Steel pf 12i 14
1 ccun e.epp.r
. Vnnadlum Cerp..
. Va-Car Chem pf
. Vlvadeu Inc . ..
, , Wabaah
. Wabash of A ...
7 Western Elec Df
. . Western Maryland 1(37;
. W Maryland 2d pf 26
. Western 1'iclflc... 19ft
6 Western Pacific pf . 63 e-a
7 Western Union Tel 118ft
4 Wcatlngheusi, A BrlOl ft
4 Wetting E ft M.... C4ft
. Wheeling ft L e.... 144
2 White Kagfe Oil.... 29ft
4 White Moter 50 54
. White oil Cerp aft
. Wlckwlre Spenc StI 15
. Wl Overland 774
. Willis Overland pf. 45ft
. WIImhi ft Ce 7
Wisconsin Central.. 31 aj
7 Woeirtorth V y pfl20 54
. Werth l'umB ft M.. 44
230
2)3
230
8 30
GO)
403
1500
100
4630
7:0
200
2100
1200
100
703
64)3
17j3
330
430
703
68)3
200
80J
1503
200
4230
5)0
7J)
1103
2703
1830
2)0
1200
3700
200
103
200
433J
330
230
1230
700
3203
803
8100
100
530
630
100
3)0
430
4500
100
36)0
1600
300
3))
2)0
100
15)0
203
60)
1103
70)
500
5J3
300
203
200
100
200
70K
51ft
C64
13
13
34 ft
.110 ft
184
1E0 54
97 54
19 ft
164
134
34 ft
29 ft
9ft
72 54
19
'7 ft
35
224
60 ft
224
14 5-i
114
1554
158
59
624
105
1C8
4 ft
78
58
t5
32ft
27 54
124
92 ft
46 'A
84
10H.
6ft
3
6ft
?3 ft
155
:9 ft
4
F34
!B4
81
7Gft
464
7
93 54
38 ft
74J4
44 ft
f4
im
ft
44 4
704
39 ft
91
21 ?4
1 00 ft
119'A
f9!4
102H
7 ft
94 J4
135ft
48 ft
S3 ft
100ft
119ft
:5 ft
1e H
81 H
53 ft
K4
394
324
69 54
924
3ft
54 ft
8 ft
30 ft
34
51
4
7
12 5'a
90 h
96
34
10ft
50 ft
l-4ft
264
C4ft
20 ft
114s
ie4ft
117
48 ft
64
1313J
115
6ft
3
104
404
32 54
.6 ft
E8H
17
15
764
18ft
151ft
78
82 ft
49
154
15
63 ft
33 ft
f54
79 ft
1654
102Vn
104ft
1214
70
51ft
664
124
13
33 ft
110ft
16H
244
1&H
t3
118ft
101ft
C4
4ft
f9
50
8
1414
"4
45
'6ft
31 ?.4
120ft
44
Today's .Nat
Clnae ChK(i.
79 ft ft
')04 - 54
?64 1 '
714 4- ft
122 r- 2ft
64ft4- 1
19ft- ?4
66 4- 5ft
100 4- 1
141 ft 1- 2ft
60 4- 1 ?4
9344" 1
ft
54
Vd
54
54
54
ft
54
ft
ft
2ft
ft
ft
54
4
5
ft
V4
!a
4
ft
54
1 .
ft
14
67 4
03ft
374-5
54 ft
-65
-41
-30
54
504 h
134
19 4-
19544- 1ft
191
97 54-
19ft
17 -
13ft-
24 !n -29ft-9
54 4
744 4
19 48
35 4
'3 ft
62 4
13 4-
14 ft
1154 15ft-
159 4
59 624-
105 -
108 4-4ft-78
-984
54
27 '4
124ft-
92 a 4
46 ft
IC54
10H
6ft
3 4
654 234 -
155 -
39 54-
4 -
034 4-
59 i-
81 54 -
7GJ4 -
46 ft
7ft
93 ft
9 4
74 54 -44
ft
54 54 4
11 H -
7J4
454 71 -394
4
91 -21ft
10254 4- 4ft
110
C9ft r
103 4-
474-
94 ft
125 ft
48ft-
33 ft
54 4- 1
:5ft-
le-54 .
E2 4-
55 4-2
c4ft 4
39 '4 -
J?4 4-
69 3J -
t24-
34 b
15 ft 4-
:&54
30ft 4.
34
51 -
4ft 4-
7 "a
RAD
R DEALINGS
E
IN LOCAL MARKET
Come-Back of Public Utility
Concerns Striking Develop
ment of Year's Recovery
AUIieiieIi the volume ei business wan
relnthely wnnll. tbere was nn unusiinlly
vvlele distribution of the dealing In
today's local market. Most nil classes
vv ere representee! in the transactions, but
price variations vcre narrow etcept in
n few Inactive Issues. The Kentucky
Securities slnies, which yesterday gave
signs of an awakening interest after
months of neglect, mnde further Im Im
peovement, the common advancing sj
point te ID'ej, while the preferred vvns
run up 4 points te (14. llrlll en small
turnover moved up n point te 53.
American lias, en the ether hand,
.vielded U points te 0.". Fractional
Blinding occurred In P, It. T., Phila
delphia Kleelrlc Isfriles nnd U. O. I.
ceininnn. I'ennsjlvanla Itnilread was
in inedeiatc elemnncl, advancing te 40.
or within nn eighth of the week's top
price. I.aKe Superior vvns well sus
tained at 8'i, Indicating strong sup
port. In the various groups, Hie year's
remarkable iccever.v In market values
reintivei.v has been nowhere se striking
ns among the se-cnllcel public utility
issues. Tlie come-back in these par
ticular siiares stands out mere promi
nently because of the nlmest phenome
nal accomplishments In the rehabili
tation of these Important and growing
enterprises. Nene of the ceuntrj's cer
poratiens were hnreler lilt than these
concerns iluung the wnr nnd the post
war period, simnly because It was ab
selutely bevend huinnn power te hnve
foreseen conditions arising from the
almost revolution of economic and fun
damentnl principles.
L'nlflfe nianv of the Industrial cer
potations, tliej were unnble te lay nvvny
nest eggs from big war profits te
weather the storms precipitated by the
drastic eiellatien preec-s. All of tnein
were compelled te stand upon their own
legs and battle with conditions which
for a time tlneateiiPel te engulf them,
nfficient mnnngement, severe retrench
ments and widespread economies en
abled the mnjetity te be snfely piloted
through tiie dangerous channels leading
te bnukruptc and receiverships.
That Is all new past history, nnd nil
tlie mere Important utility enterprises
arc ln a lunlthler and sounder position
than nt any time since their organisa erganisa organisa
teon. The battles fought were net with
out compensation in that the struggle
for existence resulted ln reviving n
much alier treatment from the various
State commissions and ether regulating
bodies thnn vwih dreamed of net many
years age. Net enlj were higher rates
granted, but legululiens little short of
confiscaterj were either repealed1 or
greatly modified
Te help rattlers nleng these same
companies have everv nresnect of lnn-
54 teilallv biiiehtine from the Kitiintlnn
3 I created by the prolonged labor dls-
54 i turbnni'c in the coal industry nnd the
ft Irallietds. Much has been sale! concern-
! ing the substitution of oil fuel for
5 I coal, but this is relatively luQnltcsimnl
te adoption of electric power In plant
operation, supplanting the steam en
gine. The cost of substituting electric
meter power in mnnufactuilng plants
has in eveij case been epiicklj overcome
liv the savings ln power costs, as when
the machine is stepped the operating
power automatically shuts off.
Then again, tlie tinescnpable fuel
slmitage tins winter is certain te force
the people te obtain heating require
ments ether thnn from coal. With the
e istlng higher rates this uncxpecteel
new source of revenues is bound te
swell the earnings of nil utilities and
fuither strengthen their financial pesi
tien. Censcqucntl the position of
tins class et bonus lias been material!
Improved, ns the new conditions net
iU-r l eul assure the s.ifetv of hxed charges,
01 1. 3i I !.... ..ill I. . . I .' . n.J
COMPLETE NEW YORK BOIND TRANSACTIONS
LIDERTV H0NDS AND VICTORY NOTES
HUh
102.80
1111,40
101. US
101. SO
100 80
100.34
102.00
101,78
101 40
101.(10
100.80
101.00
100 Bll
101,80
101.04
1HU)8
100.00
nansra fllnee
ftata
Slav 22. '10
Auk. 1, '21
July 2 '22
July 21, '21
July 24, '2.'
July 2S, '22
July 14, "22
July 20, '22
July 24, '22
Julv 4, "21
July 21, .'-
July 20, '21
July 2V. '22
July 27. '22
July 20. "22
.May te. '22
Apr. 8, "li
Data of
low
ROOD
811 44
81.00
S3. SO
81,40
HI, no
oe.oo
84.00
84.00
81.40
8i.ne
8ft 00
82 4t
82 44
SJ.IKI
04 70
01.08
lasua
IlAtA
June 2. '21
July 11. '21
May 10, '20
May 10. 20
May 20, '20
May 21. '20
June 4, '20
May 21. 20
July 80. '20
May .te. '20
Dec. 21, '20
I)fC 20. '20
May 10, '20
Mny 20, '20
May 20, '20
May 20, '20
May 21, '20
Range '22
ItlKll
101,28
101.04
101.08
10130
100 80
ine.r,4
102.00
101.78
101 40
101.00
100 80
101.00
100 80
101.80
101.02
100 (W
10OUO
Lew
04 84
94 82
01.70
07.R0
nn.ne
oi.ne
08.00
nn.oe
05.80
114 08
en os
110.74
04.72
05 80
05 70
100.03
00.84
Liberty
Liberty
Llbtrty
Liberty
Liberty
Liberty
Liberty
Liberty
Lllwrtv
Liberty
Liberty
Liberty
Liberty
Liberty
Liberty
Victory
Victory
8Via. 10I12-4T ........
fttta. renlatered ,
la! cv 1932-47 .
lat cv 4a, ret
J.I 4a, 1027-42
2(1 4a, re .i ...... ...
lat 2d cv. 4V4s. 1982.
lat cv 4 ia, 1082-47
lat cv 4'ia, reir,,...
2d cv 4Ua, 11127-42 .
2d cv 4'ia. res
:U 4Ua. 1028
ad 4'ia. re
4th 4ia, 11)3.1-38 ...
4th IV. a. rcK
4'. a, 1022-23
44", rex
tltlah
toe.oo
00.78
100.70
loe.od
loe.'.i'ei
100.14
100 80
100 14
10O.7t
ioe r.i
100.70
100.04
Lew
JO0.82
00.78
loe no
100.00
100.22
100 08
100.22
100.14
100.04
ioe. r.4
100 70
100.5 1
I.aat
100.84
,00.78
10004
100,66
iei'ii
100.12
100 23
100 no
100 .11
100.74
100 54
J.V.
ch
"l
... ,
.1J
01
.
'.
Ana rtep'e 7a
FOREIGN 110MIH
SALES IN 110001
'H
i
A
'A
91 1
96 -
34 Jj
10 s8 f
50 Yi
94 ft i
27 -
C4J4
20'b -
114J.a-
1E4!2-
117 -
48a
E64
131 H-
115 -f
634
3 -10K
f
'0
3214-f
. 6'J
584 f
fc7 -15
76 H i-IBKj-
153
78 -82J'a
-49
14
154
'5.
f5 f
-M f
e 4
-
17 1
102 y2- 14
104 H
1214 b U
70 - K
51 IS -r H
CC i 1 3
u r
13
34
IIO14
I6H -
2514 -
19H b
MVj-
H8Ja
101 -
-4U -
14b
J 9 e8
50
8 ',
15
'-
s5! I
s
1
Vl
Vk
n
V
'
V
!4
V
A
'a
V
IS
1
1
Je
Y
Yt
Y2
V
V
Y
A
.4
y
la
14
but will permit a number te restore old
dividend rates en stocks and resume
where the have been left off.
Philadelphia Steclts
til
si;
llich Lew
10 Am (ins . (15 (-,
'-'.". Am S & f l!ls IH'd
l()0t A N'ichell-s ill's .'llvs
100 Hrlll .1 (!. .VI m
1 Cen TrN J ."1 Til
lOOtCrucible
Steel its 'j
37 i:iec Ster. 48
lOOtKrie lti'i
lOOKien Mtrs. 1 l's
100 Ken Sce-ur '20
.'54 de pref.. ill
2:i." I.uke Sup Hi.
l.'i I.eh Niu . 7Si,
150 1'enna It It 47
400 I'hila Ce 41 1
100 de cum nf i:f
70 l'lulii i:iec ;U7C, IllTs
IN") de pref.. HI -"J. ;U"8
440 1' U T... .Tr-4 .'13
0.1 Til Tract. OS
icnj ivuuiu c or t 's
100 Ten Ikl .
1100 Ten Mm .
1." 1'n Tmi'f
100 r ts 1...
'JO de pref . .
lOOtl'pl 1'oed
l'red.
Nat
CIe chi.e
(W li
Ull-H-flMs
.1
r-i 1
51 ..
. H
1.'.
4S 4S
1475 iit i
1S1.. 20 4-2
04 4
Hi'...
78 " 14
47 -f- 1 .
44 !
7
111"'',
41
lft
7i
1 t
i 'S
-"1
1
.-Ji,
0'..
07 '4
4
'Mil
43T&
U 's . .
aviu ic,
4T6- Y
2V4 .
ii7 ;
.it 1'.
03.. "
evi..
r, W .lerfi-S. '.iVii
tN'ct chnnire mad by toinpirlaen with lajt
sale en New erk faleck Exthanbe.
-1JX qiviaena
Tet il snlea, 4221 shares remrared with
l'IIIUlli:iI'IIL )M)S
1.-.00 Mbertv 2d 1 V4 s '42 .
1000 Hunt & ltd Tep eon js.
1000 Philu Klei trio 1st ."s.
2000 I'hila Klectldc 1st 5s '
2(KM) l'hllii i:ieetrle .ri s.."
2000 I'hila Klectile (Is . '
leteil. Ilireu cempireel with $ISO00 vea.
rdai. Thuu fur Oils k JlSl 4eb.
.100.24
701j
. 100
. 1006
let) 1 4
Reserve Banks' Discount Rates
DIVIDENDS DECLARED ' STATE OF TPAn
DtTlclnl rediscount ratea at the twelve Ted. corona lypewriter e-empanv Jno (luart'rly Ilunlneaa cenrtitinn. i
eri?l reiVrve Uanka are aa follewa of 2 per cent cm tlrat prefcri.d ui.d 1". p,r , ' u,ln'"a "ndltlena In meat .cctlena cf
erui Treaa L'b c em I Ilkn r'nt en ictend prcfernd. pajabla OctcUr "" '"untry ha rtcerdrd a turn tar ,hl
ctf Ilaneln ltdiea Accept 2 as nclalered H(pt(m)ier 11 Uller durlnu tlie past .k dk,,i, i, ,.
. I 4 4 k I ViIen & Ce. qunrtcrly cf Pi per cent (i. .. , . oeaplte helldny
J vnrk 4 4 4 1 en preferred, paable October '2 Interruptlena unJ ether Impediments accord
iikM,.,einhla 4'i 'i 4 a 4'a I'lttaburuh I'late Glaaa Cempanj. (i4r- ln" '" Iun a Itnvlew. I'redueilnn fle..,.. .
AM'n e'";h,a JiJ 4Va 4', 4', terly of 2 per cent ia utile Oueber j ,0 thu baclc InduMry t la nelntcel cm ".? In
i.ri.mind "1 'i h 4 1' I eteck of record September IS. " the ertecta of luber unaettlement l,,,.''10lv
1 " '? h ' i etlnheuae Air ltrik l.mrnn rur.r- stralntai.re l(aienln eal, ,'f
-rm I'M J 1T (! w rwr - -. . m Buitvaiii
I
Trev leua
clead Open HUh Lew
Oct.. 21 42 21 .S 11 nt 21 e1
Dee.. 21. Ill 21.01 22 1.1 21111)
Jan.. SI S3 21 (ID 22 02 21.M
Xfiir. 21 IIS 21 M 22 11 21 TS
ilav 21 s 21 OS 22 10 21 US
fc'lHjt 22.00.
( leaa
21 ..IS
21 nifties
21 siKsel
21 HI) 022
21 I) j
ChiLHM
St l.euia
Minneapolis
Kalia.ia City
I
b
4"i 44 4', 4
4'l 4'i 4'i 6
4'-)i 4Vj 4' 4V,
lecerd Sep'cirter 30 'pre
lvntucky Mccurltiea coriiritlen. n ilai of
1 per cint en cemrnun pajuble Ocielier 1 te I manufacture
ni iuny reaumeei. and rnperts Indcat, m,
vement In the transportation altuatiun
evidence of rerecrj In Iren im.i ..' .
.....U..HIK u (ierlili,( u.i. .."
' ra ulace 4 ' 4 ' i ' 4 ' .T, w Pf V.nt en Pruned" Paiable Oc'ier ","", a" ran"" ."iWSThV ?, JKI
'"" 1r. In at iel( nf rtrTiPtl Mfn Imn ..r Ofi . i .. . ,..." ma I IPU r ti
. I Btcel and Tube I'empany of America quar Mew et the acepe of th atrlkea iS .h ',"
u s Certificates and Treasury Notes l'K0'.1.' P,"',MI3t " !r"fe"Mi payubiu protracted duration, mere atniiinty ES.'KS""
u,s,v'erl" , ' (JC'et1er,1tu u,ck '.'? "Q.r,i J"11"1111'0' -" valkd In bmlneea than tnlwlit hale U.V'"
Int Maturlnn Uuluth-Superler Traction Company l a peeled It la significant In thla cenn.1?,?,1
nata Ual" . "I(1 A"k," . I'M I ahara oil preferred for quurtera end ne Juna chat the monthly tatlatlca ahew ? fniJi01'
314 Oct.. 1022 ion Je aid 1 IS i se 1021 end HcpUmber f.0 101 rayable I reduction In number e " falluree f nher
f 4 M I J r7 a 4. ---. -- i iii-.
Mar .
tH4 June,
t"f. 4 June,
f"i 'eept .
4'i 'r
t4S Dec,
iiK Mar .
t4V Sept.,
11121
1U2
1U24
11124
1U21
1H23
1920
1U2U
100 U-82 100 IN-aj ,' 41
ioe i-ie ioea-io a 47
102 102 K.-10 4 en
.1U2U-10 102 4 eel
lflivt 101 (1-12 4 111
100 7-10 100 111 12 I 14
.mijt mi 2sa2 3 10
1
100H 100V1 4 10
iTamet from Federal normal Income fax.
tAcreptabla for payment et Income tax due
en data of maturity.
LIVESTOCK QUOTATIONS
rittaburKh, I'a Hept. 0 HCX1S. ne
celpla, 2SO0 head I-eupr Ileavlns U4i
0 73, heavy verkera. J10 S.'.cer 10 40, light
jerkers 1D7B10, plus 21I0
SHKEP ANI LAMPS Itecelpta 80 1
head Hbeep, 17 SO, attvady, Iambs, 113. SO.
blvher .
CALVES Itecelpta, 100 head. Tep, $13.30,
te by man) Internets Is a reasaurlne feaTiiV;
bejause unwholeaemo exepatea are Shi,,
avoided, and the practlce of llrnltinv commit
intnia te welldelliiKl rwiulrementa tenda t.I
prevent dlsturblnK develepmenta In price.
Hcarcliy of auppllei resulting from riatrlt
Hen of eutpuea has caused aharp ndvanci..
In aems markets but there have I. n off.
aattlnK mevementa In ether quarters, and
the general price level, ns measured Lv
Uun'a Index Number, wna little chanited at
the end of August."
11 V M.
II Ht
S7
001$
1 00
1 07i
114
as
87 4
70W
0.70
GRAIN MARKET
Cern I'rcv C'Iohe Opei.
Pept (! ' 01
ihc ';'4 s7'(, n r,nv.
May (11 00, i t,i,i'
Sept 1 00' 1 Ofl ft J ftei.
une i (Wl i en i, i iiji r
Mai 1 074 1 U7' ft 1 (171
Oiela
MPt . '
1)( I "'4 1 i) It 351.
Mm a'- at
no
Dec 7014
Jtlba
bept 0 7S
lerd
hept 10 37 10 20
Oct . 10 12
jan 0 u'i U 00
NEW YORK COFFEE MARKET
ew Yerk. hept. 11 The coffea futurea
market emnecl 2 pelnta hlielier thla mernliuf
en a very qu'et tradmu Wall Blreet and a
local Itnperier were en the builnw aide Of
ftrlrua wcre from scattirvd uuurtia
Opell Hlth IJivr l"lnn I'In..'.
0 iU . tu in li 112
til Oil (I 1)4
0 C0ii70 0 0J fj 1,!) i 70372 II 07
Pcpt
Oct . .
Ne.
IX (. .
Jan
Keb
Mar.ll
Airll
May .
June. .
Inly
Auk
Mild
til 72 II US
.' 0 Mi72 0 7" 0 70 11.74075 II (ID
.' 0 CSfl70 0 70 0 70 te 74 0 07
0in8 70 . til 71 (UI7
,., , , . . . til 7J J 07
I.SemlnuI
BANK CUEARING8
Hank clearings lelay compared with cor cer cor
respending day last two seira,
1022 111 2 j 1020
rhlla ,.$70,000,000 $62,000,000 $74,033, B8I)
1
r,(fla)
101
102
B(flat) 102'i
103'a
101H
4..
1.
0(sale) 101 H
ft.... 101'
1.... 102
Chlneae Cleva't
ILK Itlr Be
1 BSH
City Berne 8a
2.... 113
City llerd'x Oa
2 .... 824
4 82
City of Copen
hagen Cttft
1 08J
a 03M
b .... in4
4 .... 034
City I.jena 0s
1 84
Cliy -Mars' a (la
2. ... 834
2 82"i
4 83
Cty et Mente,
video 7a
a t)3'4
1 8ft
Cty l'ote Alle
are 8a
12.... 101
Cty ltle de Ja-
nerle ct 8a
8.... 1014
3.... 101S
"(sale) 101 H
B.... 102
Cty Ille de Ja-
nerle 8a wl
B.
1.
1 ... loev;
1.... lOOVi
Cty Sae Paule
8s wl
10
100
2...
8..
fi ..
B...
10214
1021,
102
101 ;
7(aale) 101'i
City et Sola Sela
none 6a
6... . 80
S 80
0 80
B .... 80 1;
3 80
3. ... 804
Cempanla
Axucnrca Ita
raqua 'Us
1 100'i
Czccho-Slevak
Ilep'c 8a wl
2 00
Dept belne 7a
12
10
1
1
1.
13
1
1
D Canada
1
00.
004
1)04
004
01
004
DOS
00
0
loot;
2. .. 100',
D Canada '20
1. .. 102t
11. .. ie:s
. . 10215
B . . 102i;
D Canada '81
10 . 100
2 ... 100
8. 100i;
De Can Ss of
S2 wl
1..
5.
B.
11
1
Dem ttep'e Ri
S 074
Dem Hepublle
ct SHI
4 Ot
13 01
2 1)14
Dutch E Ind'a
rcti '47
10..
a .
1..
4..
1..
10..
001
tW'A
OPT
en4
00
90.
Dutch E Ind-'a
rcta '02
10
B
8
lO(aale)
fi ....
1.. .
B... .
lO(aale)
It.. ..
7
2....'.
1
8
3
Ceve't
en 14
eas
00
00?,
08 ,
004
rniH
net;
00
new
en s
von
e i
ooh
Ofl'-i
00a,
rrench
II 7Via rcta
10.
10..
28..
22..
B .
1..
2B..
8..
fi..
1..
1..
2..
1..
08H
084
09 ,
084
00
00
08 4
lifts;
00 i
08V4
08 ,
0S4
08.
Cnve't r II 8s
101 .
1..
1 ..
10...
1...
ion,
1014
11 4
1014
"(sale) 1014
l(flat) 10144
1.... 1014
1 ... 1014
8.... 1014
Jap Geve't 2d
1... . 034
OOale) 034
2 034
Jap Ceven' I 4 a
824
824
82
82
824
S2
824
82 4
824
824
K Delglum (H
10 . . 100
K nelg'm 74 s
1 . . 1004
1 . . 1004
1 IOO14
8 . 100
1 1004
K Helnlum Hi
10
S
20.
10
S .
IS.
2
2C .
f.
10S4
101 4
lese;
10". 4
ins.
10S 4
Klncdem Den
mark Gs l
fl . 004
10 . 004
004 i . . 004
004 Kingdom Den
004 V Mark ct s
004 12.. lit
004 2 . Ill
004 1 . 1104
0'e 0(aale)1104
n'.') 1 . Ill
094 I
IC et Nether
lands 0
1
2
B
2
034
0S4
034
054
7(aale) 034
03 S
OB 4
6..
0
KlnaMem Ner
way ct 8a
2.. . 112i
(C Sweden (li
2 .. 1004
6 ... 108
Pan's-I.jena M
ea wl
in .,,
12..
4..
10..
20,.
7..
2 .
1..
B.
,.
704
704
704
704
704
77
704
77
77
Prague 74 a
l.... 844
1 844
1 844
Queensland els
8.... 1044
Queensland 7s
1.... 1114
Republic Beli
via 8s wl
1.
a
4.
2
s.
1.
2fi.
4.
Hep Cilice
084
II 8 i
084
084
034
084
084
0S4
'20
1.... 1024
Rep Chile '41
1.. . 104'
1 ... 10
1 . IOIV4
Hep Chile '40
1 ... 101
rtep'e of Uru
guay 8S
1.... 1004
S Perte n Su
7a rets
1 ... 1024
State ltle Q'e
Du Sel 8s
2.... 1004
2 . 1004
lO(sale) 1004
1.. . 1004
4 . 101
Swltt'd Cen Sa
4.. . 1214
1 .. 12114
U K Ot Hrlt
& I'd 1022
10 ... 100
U K Gt tirlt
& I'd 1020
B 10S
U K Ct lirlt
& I'd 1037
10 ... 1014
1 . 10S4
1 10S
B.. . 103
U 8 Bra 7e wl
1 014
1.. . 02
Un'd H llrazil
7 Vis rcta
3 884
B .. . 804
2 ... 80
B ... 684
U S Drnrll 8a
10
102
1014
102
1024
1024
1024
1024
O S Mexico 4
DOMESTIC IIONDS
1.. .
1
Am S
10
AJax nub'r 8t
f. ... 084
4 . no
Am'n Agr c &
Chem 74 s
1. . 103
Amerlc n Smlt
& nef'g Bs
7 ... 04.,
2 ... 0S
2 04 4
04 4
04 '
& H 7s
, 102',
American Sus
net's 0s
2 1014
1 ... 104 4
1 1014
Am T i T clt
1 0i,
A Tel & Tel Ba
1.,... 004
10 . . 004
7.. . 0'I4
1. ... 004
A lei & Tel (Is
11 IIS
Anten Jurgens
U Mar W 0
78
77V4
774
70
784
784
784
70
70',
80
79 4
704
70
80
Armour 44a
1 02
A T & B Fe 4s
2 03
20 .
B .
0 .
4..
8
..
3 .
23 .
3
1
1..
10
1...
8
03
03
024
03
A Coast 1. clt
65
6J4
85
85
65 4
85 4
804
44a
(I0i
10....
11....
.1 ...
8....
2....
Atl C
1...
Atl 0 I'rult 7a
3... . 3S4
Atl'c r.ef'a- 5s
2 .... 004
7 . . . 004
Dalt & Uhle cv
2.. .. 604
2 . . 8(54
Dalt L O 84 a
4. .. 054
1 .. 03
Dalt & Ohie 4s
2 . 87'
1 87
Halt ti Ohie Sa
1 ... 01
Halt t Ohie 0s
1 ... 1014
1 ..102
n & e p i. 1;
1 W Vtt 4a
4 . 81
Dell Telephone
of Pa 7a
4 . 1064
8 . 1084
H Steel na '30
4 .. . 034
Illcn Edl I) 7a
fi 1084
Dim Ilap T fie
B .... 115
1 15
2 .. (IS
1) Hap T ct Bs
8.... 03
Hkn Hap T 7
0 ... 01
1 014
3 ... 014
10 .... 014
II Hap T ct 7s
10 004
13 (It
1 01
4 ... 014
1 004
Dkn Itup Tran
ct 7a afd
10.
1 ...
10... .
25
Ksale)
3(aale)
B . .
834
67
87
874
874
874
87 4
2.. .. 88
B . .87 4
2 .... 88
1 ... 8S4
4 . . 864
Ilur C H N 3a
1 . . 00
Uush Tcr'l fia
8. . . 02
D Ter'l II Ca
1... . 04 4
Canadian Ccrl
Elec Oj wl
2.-- 1034
Canadian N 7a
!.... 114
1 .. 1144
Cara'n Pac 4a
10.
7..
1 .
10..
1.
fi.
10
814
814
634
63'
614
614
614
614
83 4
Canada S'n Ss
101'..
CM Leather 8s
B 081,
5 . . 084
3 . 08 4
Cent'l Pac lat
1 . .00
fi ..110 4
r . . . 00 1,
10 004
23 . . (104
fi . 00V,
C ft O cv 44 b
1 .. 004
dies 4 O 5l
1 . 10V
Ches'e & Ohie
cv Sa
08 1.
OS',
06 4
(16
a
10
1
T
13.
Chi
3
ft V
414
43
424
654
834
834
85 4
8.514
854
834
63,
I 4s
77
fi
1
111
Chi ft At'n 3s
3
2(sale)
354
no
ss
se';
BO',
r4
.. ru
. se
. B54
At .14 a
. . 304
. . .17
.. .104
. . .104
. . 87
. 87
. Q
84 4
644
84 4
3 .,
1...
Chi ft
2..
fi
8 . ...
21
11 ....
1 ..
Chi Hurl
II 34 a
1
1
21
Chi n ft Q fia
IB. . let',
Chi & Q W 4s
1 . . fi8.
2 R84
Chicago Mil ft
St P 4s '21
1 . . fi5
Chlraice Mil ft
HtP cv 44a
3 . 73 4
2 . 7.5 'J
7 .. 7B4
3 .... 754
Chicago Mil ft
HtP fd 44 a
20 . , 084
10 , . (184
Chicago Hull-
waa fia
21. ... 824
Chi Heck I ft
Paclfl fd
2 85H
C . VV I 74s
1 102?4
Chile Cep'r fls
1 . 04 4
4 .... 014
2 . 014
13 04 4
Chile Cep'r 7s
8.. . 108
1 . 1004
C N Y 4a '30
2. 100',
C N Y 44s'67
1 . 1014
Cl'd Cln Chi ft
St I. gm 4a
1" hi 1
Cleel'd Union
Term' I 04 a
2 1034
Cel InduVI fia
fi . . 704
0 . 74
1. ..60
1 (flat) 7U 4
3 . 704
1 .. . 704
Columbia O
Elec 1st afd
18 . (in
Cemp k Tab ft
He's Cs
f 074
CemM Ceal Ce
of Md Cs
1 ... 02
B .... 024
Cuba A S 8a
1.... 1004
Cuba C'e S cv
1 804
B 605,
B... . 604
Cuba Ce Sug
6a ata'd
8. .. 024
1 . . 03
Cuba It Hd fii
1 .... 854
Cuba Hit 74 a
S. .. 1004
2 107 4
Cmnb'd Tel A
Tel 0s
.1 . 00
Del ft Hud cv
fi . . 1004
5 . J014
D ft Hud r.4s
1 ... 1014
Den (las fia
! . . 604
Den ft K (1 fd
fi . 474
7(snlc) 474
Den ft 11 O 4a
1 78
Det Tun 1 44a
4 . . 024
8 , , (124
D de Nemours
Pwdr 74a
7. . 108
Empire rjaa ft
Tuel 74 a
2. . . 07
an ... 07
10 ... 1174
. .. 074
7 . . 07
117 U
11 07
B . . 07
fi.. . 07
Erie Oenl Men
'I .... fiS
2 . B54
Erle nn cv A
1 624
0 . 324
1 . fi2
1 . .. fi24
Erie nn cv II
1 .. 52
Erie nn rv D
1.. .. r,4
10 c
120 B4H
l.rle Hit Ce la
1 004
Erie & Jer 0a
1 90
Fle'a E Coast
niy 4H
10 01
Flsk nub'r Cn
8a cts
3.... 10TU
rram'n lnduat
Dcv 74s
1 084
Francisce B
74s wl
7.... 1024
Cene'l Elec 0s
3.... 103
H 1' Goedrich
Ce 64 n rets
3 ..
2...
8...
1...
1...
1
Goodyear T
nub'r '81
7.
102',
1024
1024
1024
1024
1024
ft
2.
1.
1..
3 .
4..
1004
1014
1004
1004
1004
IOO V
a
Goodyear T
nub'r '41
3.... 115V4
1.... 11B4
Granbv c" Ml'ir
B & P 8
s 00
Ci'd Trunk' of
Can 0a rcta
8.... 1074
1.... 1074
1.... 10S4
Gr'd Trunk of
Canada 7s
SO.... 1134
Great Nerth'n
Hly 64a
1.
1..
1..
10tH
104 4
1044
1044
2.... 1044
10.... 104'4
Great Nerth'n
Rall'y 7
B.... 1114
1.... lia
10.... 11SK
Havana C l.gi
& Pvvr Th
014
Helland-Am' n
I.lne 0s
10 88
Hud ft Man fd
4 874
1 .... 87
1 87
Hud ft Man In
1 08
4 (10 4
1 0s
Humble Oil ft
nef'g; 84 a wl
1.... 100
111m Cen 4s 'S3
I.. .. 844
4 . 614
8 .... 844
3 . .84 4
Ills Cen I 04a
1 1014
1 1011;
10..,. 10a
Indl'11 Steel ,1a
1... 1014
Info Met 44 a
20 154
10 .. . 1B4
Int M ct 44 a
2 134
Int e Met'n ct
Sta'd 44 s
3 .. . 154
2 134
10 . 154
10 ... 1,14
2 . 13'i
Intboie n T fd
K T
72H
724
fd ct
71 v
73
,2-n
1
30
0
10
.1
1
10
20
Int
80
3
1
Jntr I Great
N'n nl wl
20 . . fil
17 . 541.
4 844
1 M J.mrln.
1 HI
1 .01
11 . 01
1 03
B ..03
Int'l Pap h 3s
fi . . 60'.
1 60',
1 . . "i'
0...J. S14
2 . 7 80 4
Kan ClKt S ft
Memp 4a
Kflat) 1184
1.... 1184
Lerlllard C 7a
2.... 1104
8.... 1104
2.... 1104
t. ft J Ddge 4S
0 81
1 844
2 81
1 84
.euls ft Nash
ville) 04 a
4.... 1004
Leula ft Nasn
Mone 4a
1 84
10... . 834
La ft N V.V Bs
3 7S4
fi. ... 734
Manatl Sueur
Ce 74s
1 004
4 .... I104
l(eala) 004
Man Klev'd 4s
1 724
Market St Kly
S Fran lat
1 884
Market St Illy
S Fran 0s ,
B,.... 04
7 04
M Oil ct 74s
2 112
1.... 1114
M OH vva'd ns
1.... 121
Mcx Petr'm 8
C... 10
Mid S ft Or Bs
8 804
2 804
M ft StI, fd Bs
1 444
r stp & s ste
Marie 04 a
1.... lOflt
2 100
M K ft Okla Ba
1 024
Me Knn ft Tix
aj wl
N Tails P 0s
1.... 1044
Nfk ft ff'n 4s
2...
2..,.
Norfolk
cv Os
20....
BO....
044
, 0414
A Wn
124H
1244
1244
1214
1244
2.... 124
N A EdlB'n Oa
Os rets
2
ts..
a..
1
n
c
1
i
7(eale)
1
3
1
(5 034
0 034
10 054
B 134
IB 054
10 054
B ... 034
10 054
2... . 034
B .... 034
33. . . 05
15.. . 03
IB . . (151.
0 054
M Kan & T 4a
1 .... 84
10 .... 814
1 ... .844
1 .... 844
Me Kun ft 'a ex
4s wl
10... . 734
Me Kan ft Tex
Ss wl
20 .... 884
10 884
10... . 884
20 88 4
10 . .. 8S4
10 . . 6S4
fi. .. 684
10 . 884
1 .. 684
1.. .. 8S4
Me Kan ft Tex
(la wl
10 08
14 . . 08 U
Me Pacllc 4s
2 ... 094
2 004
1.. .. 004
1 .. C04
10 094
Me Pacific 0a
1....
8...
1....
I'ne U .
Pac i'
8....
Pac T ,
Cs rets
054
05
03 4
E 5a
034
; T Ss
00
T Bs
01
03 4
Packard Moter
Ca Ce 7s
2.... 1074
Pa U cm 14 s
B 044
Penne R R Oj
B 1024
B.... 1024
1'enna R 04s
103
103
102
101
103'.
1034
103
1014
1...
23(snle)
6
1.
Kan
1.
C ft
C ft
81
61
HI 4
614
814
63 4
M Is
714
714
714
714
S Ss
014
02
014
02
8..
Kein
fi .
1
fi
B
K 0 T Hly 4 s
2 854
Kelly Spring d
Tire 8s
1.... 108
Lake Shero M
S n 4s '31
8 .. Ot
Lehigh Vel 0s
7 . . 104
I. ft Myera 7a
1 .. 1184
30 .. 1164
1.
11
2
3 .
n
1
111
10
O
2(1
23.
Merrla & Cem
I any 44 a
10... . 88'
Nat Tube C 4s
fi .. . BO1!
2 .. . B8
New Kng'd Tel
Ce Ba wl
0 .001,
1 .. 014
1 . . liei.,
New Or Tex ft
Mexico Ca
1 774
N Y Cl'l 44 a
3 . 004
N Y Cent'l Bs
... 00
. 004
. . no ',
.. 004
... miv
. . . tm '
09 4
N' Y Cent'l lis
S ... 1074
B . 107 'I
N Y Connect' 11
Hda 44 a
2... 01
N Y Edl'n Ce
u'js rcta
2 .. 1124
1 ... 1124
N Yk Lluht II
ft Pivr 3s
1.. .. 014
New Y N H ft
H 34 a '54
10.. , 524
fi .. fi2 4
fi 5.1
New Y N II ft
Hart'd Cs
7 . . 85
B 65
2 . .6311
V Y ft Heck'y
iieach cs
3 .... 004
N Y Tele'e '41
1.... 1074
2 ... 1074
1.... 1074
1. .. 1074
10 1074
N Y Tele'e '49
1 1074
00 4
01
nei;
004
004
084
004
en
00
004
mitt
004
7 .... en
North Western
Dell T 7s
2.... 1074
8.... 1074
N Pad no n 4s
2 ne'i
1 004
8 804
30(aale) 80
3.
B.
N Pac R Ba wl
7 094
18 004
N Pacific it 0s
2.... 110
2.... 110
1.... 1094
Nth S Pwr Sa
2 044
1 044
Ore ft Calif Sa
5.... 101
Orerren S I. 4t
2 004
Oregon S I.lne
guar'd Ba
1.... 1034
Ore-W R It ft
New Ce 4a
1..
2..
2..
B..
fi..
12..
2..
n
3..
844
85
65
63
854
854
BBVi
8S
854
80 4
Otla steel 74 a
rets
4...
1...
1
111
111
111'
Penna R R 7s
1124
. 1124
. 1124
ft is In
38'
1.
2
i...
Peoria
1
Pere Marqt fia
1.... 1004
1.... 1004
Plilla. Cnty fd
1.... 1014
1 102
Produe ft R 8S
2 101
Pre ft Hellnera
war'd 8s
B.. ..1124
Punta Allegre
Sus Ce 7a
B.... 110
ReadlnB Ce 4a
10 .. . 80
1.. .. 80
Readlnc Ce Jy
Ct'l Cel 4a
1 87 4
Rem Arms (la
5.. .. ns
Rep'e I S Ss
3 ... TJ-IW
Heck It'd A ft
Leul'a 44s
8. . 84 4
1 . .. 85',
Rogers Drewn
Iren Ce 7s
1 n-,4
3 ns4
2.. . 054
St I. l'n Mt ft
S Rly 4a
2..
BtL . B Fran
Scries A
1 784
0 75 4
4.. ... 734
1 7B4
10 78
StL ft H Fran
Series D
10 894
StL ft S Fran
6V4s wl
10 084
2 084
4 004
' 0 ,004
St L Sew'n fia
1 83U
St P'l ft K C
S Line 44 a
2B 85
B 80
San Antonie ft
A P Rly 4a
1 70
Senb'd A L a
8 29
10 21)
21 29
2 20
Scab'd A L fd
1 48V,
3 4B4
30sale) 454
1 40
1 40
Seab'd A 1. Cs
12 004
10 004
10 004
25 70
1 704
1 0
14(aaleV 704
Sinclair C Oil
Cerp 7e rcta
1.... 1014
2.... 1P14
3.... 1014
"(sale) 1014
4.... 1014
Sinclair C Oil
Cerp'n 74 s
B.... 1054
7.ile) 10B4
2.... 103
8.... 1054
2.... 1034
Sinclair Crude
O PCe B4s
2 094
10 004
Se'n raclflc fd
2 01
23 01
Se'n Pacific 4s
1 88V,
S'n l'ae cv 4s
1 034
7(sile) 014
B (flat) 03 4
1 034
8 014
1 034
S Y TcrnVl la
T14
714
714
714
714
71
1.
1
1
Ksale)
12
n
Sn Railway Bs
0.... 100
Sn Hairy eHs
n.... 1044
8.... 1044
2.... miit
Stand'd Oil of
calif 7a
2.... lOOVi
fl.... ifiniz
!..:" -ww s
unira Ave J
1 DM!
Sn Railway 49
le'iale)
Rwy'i
6..
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a
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a.
va
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Va
8
1.
2.
1
1
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1
8....
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1
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uts Cerp 7s
1.. . . inn
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I'aper 8s
084
084
054
08U
Pred.
Warner'
" t
1
1
e
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inal
26..
3...
2...
2...
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2...
3.
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1004
100
1004
100
1004
R
Union Pac cv
" 054
2 034
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2B OiV.
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1 inr.t
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1 . . . . ia.i
US Heff Men
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1.... 102
I.... 1024
1.... inra.
V S'Hubb'r fis
3
10...
2...
1...
10...
1...
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4...
7...
1...
10...
10...
Utah
8
004
.. net;
.. 004
.. 004
.. 004
.. 004
Steel Ba
. 1034
. 1034
. 103 4
. 1034
. 103
ft N Bs
1004
an
J7
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as
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n. li..
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vV Union 44,
1 tHi
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A Ml. --
- -... ,,
niu
2.... icu
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9 4
WII,on"ce lit
.... IS
wei.::'-"'
"i-wii tg cf
WlHen'c 74,
Va-C Ch ct 7a
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8 084
1 084
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Va-C Chem cv
wnr'd 7V4b
S OR
IB OS
2...
2...
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B.
lttu '
Wl,
10?
1074
1911
"T
Today's anlea
lesterelny'a anle-e
Tetul for this ucclc.
wlecen Ctl
f Mil
I m
2 83
1. ei
Winchester u
'.mis v.e 7(41
. . . J
W C Sup
1JIV 49
. tA M7.MW
in.liBem
S33.753.Mt
1U
S
BAR SILVER
Demestic bar silver was unchanged In Nn
Tork tedav at 004 c per flne ounce, fort'ie,
1194c, off 4 c. in Londen the price vvu Sd
eeuer. ui dUTtci.
004
I1O4
004
004
004
004
ui
St L I Mt ft 3
R ft Q dlv 4s
WHOLESALERS
Bankers and investment
houses arc Invited te uie
our service when desiring
te buy or sell any Govern
ment Leans.
"A NatiewWide Market"
COMMERCIAL
TRUST COMPANY
Member Federal. Rcierve System
City Hall Square
rT.FArroTT&cen
3D rilKSTN'UT 8TS.
BANKERS
Successors te
SAILER & HTEVKVSOV
Renda and stocks bought and sold
Member I'hlln Sterk Vxrhnnie
10
40
1.
2 ,
St L
804
87
874
874
l'n Mt &
WANTED
by Trust Ce, man with thoreurt
knowledge" of convej anclng settis
inents State age, experience na
talary expected.
A 320. LEDGER OITICE
U . 2. - aal
H Rly Ss
1
1
ct I.
... en 4
094
A a V lej
. . 844
. , 844
. 8 1 4
. 844
.. 844
... 844
844
St L i. S I- In
4....
4..
1....
1 ...
3 . .
3..,.
784
784
79
784
784
78 4
Lawrpnce E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTAlfTI
I6B0 REAL ESTATE TRUST BjUDO.
Investigate and adjust corporation ani
nartnerahlD acceunu nd prepare Idccmm
Tax Iteturns. u
Dlrldenda -
THE ELECTRIC HTOUAOE "ATTEBt
CUMl'ANV. Allegheny nve. Will
imlla., Bept. D'h-.i'-fj
The Dlroctera have, decland a dividend of
.event! -live cenU .7S)wr .hare from J
Accumu ated Surp.ua of the Company oates
new Common Stock without nominal or MJ
value, and the new Preferred : S eck of HJ w
par value, payable October 2d, l"'.1; 2
ste.khnldrB of record of bem of thecls""
of Stock at the close of business en MPtig
ler lBth. 1022. nnd te thoae who aubseuuinw
become atockheldcra of rec .rd of I""
classes of stock by conversion of old VJ?
of 1100 00 par value Inte the new stew.
-'h.q9l' l'A ;? WiVtfA.nr. t r.
WAUJ l- u, iiu.iwnew.'e '"""
Sinclair Consolidated Oil Corporation
Interim Receipts for
First-Lien Collateral Fifteen-Year 7 Geld Bends
Seriei "A"
NOTICE IS HEREBY GIVEN that interest at the rate of
LlP f mCn the above interim receipts for the six months
period from March 15, 1922, te September 15, 1922, will be
payable en September 15. 1922, at the Trust Department of the
Chase National Bank, 57 Broadway, New Yerk City, N. Y..
upon presentation of the interim receipts for the notation
thereon of such interest payment. Interim receipts should be
accompanied by the usual Federal Income Tax ownership
certificates, properly executed.
It is expected that all details for the redemption of the cor
poration s five-year secured convertible geld notes, prevision
for the retirement of which must be completed prier te the
,r,s,u,anceJef uhe b?v? -bends' wil1 bc arranged by October 17,
1922, and that definitive engraved bends will be ready for
delivery in exchange for the above interim receipts en or about
October 17, 1922, of which further notice will be given in dup
course,
Interim receipts presented for notation of such interest pay
ment will en request of the holders be retained by the Chase
National Bank te be exchanged for definitive bends when
received, thus ..avoiding the necessity of further presentation
for that purpose.
CHASE SECURITIES CORPORATION
BLAIR & CO., Inc.
Sept. 0, 1022.
.
I
R
, t;fcfy.?'.J-'fc'lf