PW?riJalfeH H'OH--' - , -'.vii'J-f 'vy,.'j, .. '-,.. i- w
lVfl'P
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y-ww-
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It REACTIONARYTRENDf
: I 1 5 1 MHnRH 121 Inl V lill'liv l'Uil'lllli i
EVENING PUBLIC LEDGER PHILADELPHIA, FRIDAY, SEPTEMBER 22. 1922 .
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert in Philadelphia Quoting Full Lift
Sinclair
Pipe Line Company
Ttcenty Year Sinkina Fund
e Celd linnth
I' 10 1-ilj
lid if. 1 e') th, rr r -n rh
the Hlmillr.1 (in ( ernran of
lmi arn u . i pu- .,, , n.
li Inif-em m in i einpnn
the jiit.il ntn,,( rrre"n'
I'll' v , t mere trim, ,3 nnn -mi
Oler ki ,j hIie.c trun ller.li
Price te yield ever
5J0(
f ' Hi" ill Ti-'Jli.".'
The National City Company
'Iphls. 14)7 Cheatnut 5t
Atlantic City Ch.lfenf- Bleck
122-; Boardwalk
Teledo Traction, Light
& Power Ce.
Secured 6r0 Notes
Dui August 1. 1025
I. -ted cr. 'he
New Yerk. -tort. Kv.1
.anse
Price te yield
about 6Te
C.rcular upon rqu;st
Harris, Ferbes & Ce
Pine St., Ccr. William
NEW YORK
TKILADELFHIA OFFICE
Wldcner Bid?.
Telephone Spruce "00
The Decreased Cost of
Investment Capital
has made it advisable
for many borrowers te
refund bends bearing
coupons of 7rc te Sf'c by
leans with interest rates
from 15' t te 25c lower.
Owners of callable ob
ligations who have net
considered the advisabil
ity of making exchanges
for non-callable bends or
notes arc invited te
send for recommenda
tions which we will be
glad te make te fit each
individual case.
Hemphill, Noyes CS, Ce.
Vemeere .Ver yerl Stock icii
Franklin Bk. BIdg . Philadelphia
jvrw rer Pi-'.burch Ev.i'rn
' n4:i-fc AiDiny b' rnr n
Wl
m .iteO
tir rtl-prtt
SWan'en
MUNfC.PALS
CAMBRIA COUNTY. PA.
I " - 1 M
Te yield nbeut 4.05'r
WAYNESBORO. PA.
'i --- i - -
Te yield nbeut 4 10''
LOGAN TOWNSHIP, PA.
. .... t
Te yield nbeut 4 20''
STROUD & CO.
Incorporated
Philadelphia New Yerk
Washington
rirSMr"
Cudahy
Packing Ce.
5l2s, 1937
F. P. Ristine & Ce.
Widecer Building, Philadelphia
New lurk Kllinhrtli N. J.
Uembft .Vi'ts YnrH ani rrttlaJtlfkta
Chalmers Meters 6s, 1922
New Orleans Rwy. & Lt. 4' $, 5s
&7i
GARRISON & CO.
WIMNlft ftUILDINO, PiULADItrMtA
MtMlltl
fuitiviiwu Jr(t tf
S toil tftH 31
Early Forced Seiling Failed te
Uncover Any Acute Weakness.
Standard Oils Buoyant
N'rw Yerk. Sept -".' li-il.lit.
ineer nrrniEl.l limr-tui rnli f.-i.iI in
.'I'liMtinnnl .ut'llv ( .t,K i it t'l
mnrkrt nt tnrlnx' epnn.its. :i i-n c f'lr
thrr tfec'siiin. In prirni. Si lime pre"
"i.rc. mdiii'pd lnrcIy lij liiiIntien ' i
wrnkptH'il nvceutitsi, i'McikImi mir iiiek' '
of the lit, pnblii- utilitu". vnil mill :i
nutnlipr i .pccinltlc bcim; tin- h-inlct i
lnr J
.ri4 cif ii point ir tniire ' 'K ilnr"
in l'iliim!)iii (Jnx, I'lihln- Sctm' :' Neu
.IiTPJ. IViiJlle's (ill", .MI---I.I1I' l'.lfilli.
pieierrcil. i-.vl", mmmmiiI pr''tVrr"i ("ii
'C" n 'id NiirtliM nitiTii. r.iildwiii mid
S-hi !fh: !". Ami'-li mi Iio dropped '
p" nt and Krp.n;i' "J ... i'.K.'wlipn1 tin'
I 1 in--, v-i'i-. l.1r;il inn i!iinl. TI.pip
u.'iv u fp itefptinns te the duwii'Mitd I
TpI.iI,
.Fniif! I!rnttipr 'IVn wn juishi'd up
I'-j "i i-iii. : t.( .iniiiMiiii ! irt't nf
nn .n -aiMi .ii... ml. Itm-U Niimd
''!! "f ii' i A te.iMT' J'--tPfilM. V.il-
'.pil fi.i'b.j. .ind St. 1 ..ii Seutliwi-tiTii
iinat'il pi n pi"'il t.indiiri Oil of Ni
II Se i -
.lrr' :n .1 li'i'f St:it' S:.-l
'..mi ;,,. n nf I,., en" im i .i;;.
mp. wi.ii'i. t '. . ! 'm .ii i.ii r ; I a .:
vpnkn'" i ii 'in-i" -'.iiin rnvi-r- (
ris in ti' ..Tii' ili'min: i il-itive,
il
ii
I
i in
Ml I
IP.H'f t I ' t
iie'ich " i i
- rpt.nn n' a
tin- Siuinlnri
.in :ti,u!ii: in
Tribufiii,:
I.P -llll I.' Ill ! I .
ripwnl ratf !nr . ah ,i
" i ft- i :.'. tl.p h.Ki
Stnnd-ird il ii V.
: -.im tu t point point point
Steel f ii .'! i 't:.er ". 's
e I
Ii
.1 s
I lit C"ln I-l
tli' ip.hin ab
I t'l llll V i
! and ti ni.M
'.it - S'r.'l . i
tlii nil! Trii'i
' V I, nil 'l.i II
,'.ii v :i tixi i, i
t t i .1 " i. '.'-
JlT'i'l lAi-Ii It
III 'I Ii lit t!l''i
ra.'''i. '-. i i,ii,i
it". :ini'..r. i . i i 1 1 -. ..p, i i.'ci.-m .i,
k-;r.al- also p.ir.ii'ii utnl .n the ad
Commodity Markets
GRAIN MARKET
( Inrase. S. ; r 'J Tl w . .
" "".. d .roil.' I.' 1 f tu i'
. I ir .. : i t:.i i.a mi a '.
- '.' C...' - 1 i I..MU. ' ,1-
.. -" . ' an ai'Mim . i , , i .
;.d !; I-.Tcrpen!. who'll m kiid f
ii 1 a c1 :nfanralilp pr.l,;.. ml; di..
!:.!' la thp Ni'.'ir Ka-t. nn.! . n
pif- :'r 'm 'hi Wp-t that fendni r-
:i z i ' ht- nf : ,"ir.'s i,
i" ; rz nv L'l.!' .i7n asmn-t pn-.L i.
. a--
i ,z. .
' w.X,
Ti
" j
C i pre
.. W '. ;
' i1 ."!
rr a-'.vnr-'.n
'-
inc
: .r i r.i w 'J- t.
. i -piitni.Piu si iii ra -
le WIS
and nft.
whent nru no
I'revi-lrt,
x--. .. ,.t l.i
Ki'li .:'i
1.
nr.pr
l.ea-
(Il
,il.'l
an
r.d-
in
: ir
?ii
333
100
230
S30
5653
730
tee
1030
tee
033
103
:33
7733
100
233
100
C7J0
103
433
S3 53
6:3
!430
4:3
1630
:533
103
1030
603
233
3233
9603
303
100
433
333
5013
COO
4 5J
203
630
4003
633
203
3100
103
133
430
130
100
100
:C30
2cne
3.H3
530
23 0
-03
1630
2-33
233
100
303
200
533
113
233
'03
100
-33
833
03
r03
"33
:-3)
'0.O
3D
2 5 30
233
:.-.;3
433
333
"00
M"3
3'33
033
2 30
;::ej
3J3
3:0
10033
6 33
33
1:0
12
STnr" tl'irh
Atlamn nxprp'B 79'i
Adv.inep Rumely.... 19
Air Induction 8'
Alax Rubber 13&
Alllrd Chem ft Dy. B3'
A1ig.C-.n mera .... 56 ' 4
A!l'-Chalmpre of. . .104
AInjka Geld Mine. n
Am A eric chem. . . 33' i
Am tieet Surar.... 4'r
Am Bnch Magneto 0U
Am B Sh KUy new. 7-t
Am Can 60
Am Car .1 Fdy.... Ite't
.m Cott-in Oil 28'
Am Cotten Oil pf.. r5
' Am Tee 113
Am Interna: Cerp.. ?4H
1 Am La Prunce Enc 13
Am L!neel 36'
Am t.cnmetlve 123
3 Am Meta 47
4 Am Radiator 120
.. Am Safety Razor... 7'
.. Am Silp & Cem.... ?1 --i
. Am Smelt 12
" Am Trrjlt pf 102 S
3 Am P-eel Foundries 43
.. Am Suear Ref . . . . 01 i
Am Sumatra J3t
8 Am Te. & Cable.... C4
P Am Tel Tet 122 S
. . Am Tel & Tel rS9. .. 3,
12 Am Tobaeee 1C1
12 Am Tobacco H.... 157
.. Am Waterworks. .. 22
.. Am Wntrwks fe Pf 47 'i
" Am Woolen 1 98 U
7 Am Wee!, n pf . . 109'j
.. Am Writ Taper pf. 32
.. Am 7.ln- Ld ft Smelt 19H
.. Am Zinc Ld ft S tit 56
.. Anaconda Copper... 13 U
A Afe Pi Goods 59 1i
f Ae Oil 118'3
6 Atc'i Tep A Pin Fe1C4",
E A-ch Tep & S V pf. S?S
7 Af'm.t'c Coast Line. ' 1911
. A"ar.t 0 Trult. ... 2'
. At' Gulf ft W I S 3 201b
: . ? Tew dp- , .147' 2
f.asi Tt U rerp . . 17
. Austin Nichols 3Bi
T Ea'dwln Locemitlvol'S'i
.. Bn'tl.Tere & Ohie... 56
Ba'.'e & r.i'ie pf . . 65' s
.. BarnKilal Clas A.. 3D';
Bntep '.a- M ' .p 'i
Beechnut r.ic'ulng. '3Jj
E Bet.i Steel B 76H
7 Beth S'eel 70J pf...1C0
5 Beth Steel Sc pf..U1 's
. . Beeth Piiherlcs... 9'i
. Brit I'm Steel 2d pf 35 K
5 Brooklyn Edtren. . .1 16 J4
llk!j-i ltapld Tran!t 24 H
. nitlv. P. T rtfs of db 21
- B- --l'O- pf . . 9""
B' v ', Ti-im . ? ' j
: Bjrn B 0 A 137 's
.. Butt- & Sup Cep... 'ZH
.. Cadde .Vn O & R.. 10 '2
.. Callfe.-nla Petrel... C2'B
.. Cal Zinc and Lead.. 9';
10 Carndlan Pacific... .16
.. C-ntral Iyatner. . . . 41 :s
. Cen LvatVr pf 79 '
.. Crro-i!e-raice ... iO
.. Certain-tee 1 Pred.. 43
6 C ar.d er Meters .. 59 i
Chesapeake ii Ohie. 5j
.. Ch'.cape ft Alten pf. 5'
. Cr-.i & E 111 33 a
. . Chi ft E IT. (new) pf CO
.. Chi i 'Ir West of. . . 14 "n
.. ''hi M.' ft St T '3H
. Chi .V '. ft St P of.. El
6 CM i. Northwestern 2'
i Ch'cape Pr.eu Teel. 2
. Chi R I ft I'ae -c'
6 Chi R I ft Pac Ce pf ' " i
7 Chi R I ft I'ac 7-,, pf"2'
S Cul St P M ft O... . ."
.. Cht'e Copper 76'.
.. C'ne Copper "0
2 C s Cln Chi ft S I. 77
6 C i"in C ft S L pf V6I4
I"', tl
t-,U
Veil
COTTON
Yerk .-. 1
tra. . ri-r
r P... . i..b.:
li n.a-ki-
ni". .p w
t.tl.-. 'ik
' -"'..ns 'i.'i'.
i'Ki ni '. d v '.
. - 11 ,'. ivl;
1 1 1 1 in 1 . :-.
i. p...-,--
MARKET
'-'J. R .. s ' ""' '
f- nrmiii-i t,,- 'Jle
.i n f nijre uf
pptii'ij tmlii Tl or
prune trnp near n
11
a. rmsiitpiritle
ii! I.-i'i: In'ii.n
.idpr ' c 1 li-.
r. - s. 1 '-mbi'r.
'. - r. n.i- nn
1 i'i en initial
11
.1:
t.r
1'J :
tlt'ien
.nt- r.
.. J re.Pi! bv In
.1 s n- 1 ..! nip i'!id
1. ' - wus nlmut
. '.IT.
,. . ., 1 j. .
"33
:3
".-
-33
100
4-3
r 3
C33
8'-3J
-J
1-33 ..
4203 4
j33 2'
.'. O 7
3D00
16 j J ..
2233 ..
43 ..
333 ..
233 ..
433 ..
'33 8
- -O 2
233
, J S
33 C
Coca-ela
Ce K ie' ft Iren. . .
" f" ft .-jthern
1 ( ':era ' i Si li-t ;
. Celum Ga-? : Elc
Ce'.um -Traphophen
Cr; Oraphephcne pf
C Ci nput Tab lU-c. . .
. Cor 10I Clear
1. nCisnrRt"
8 ConneMdated Gas.
Conse; Tex'iles . .
. Continental Can..
4 Cern Preducs Ref
Cesdeti It Ce
Cefrten ft Ce pf. . . .
c 'cd. n 1 "e -t , .
Cruclb e Steel
Cuban Am Suitar
Cuba Cane Suicar.
Cuba Cane Suga- pt
Davisen Chemtc.tl..
r-beeri C Mln Ltd.
c-en
25-2
62'e
09
33
3 ,
3r2
140
Si 3
i'
6 'j
i3
1"3 ai
:s'.
49'
22
1 .
NEW YORK COFFEE MARKET
New erl(. - ;. '' Tl 1. coffpe f u -
H.-P- t.iir.i- .- 1 ..r-i ng opened with
"i-lir.s -- ' .'--d and pru-es one te
l.rip pe'ir- ' r. Tra-1-' Interesti
r.. ,ht nr.-l U'ni1 Strep liquidated.
rt" ( 'os Or.!
' :" ! 1. ; -i t .'
- 'fl ')T !) 33
V .r I 5 11 li j.ift f
." ' !' 1 1 V. I '.1 4 1
IGN
FOR
New li 01 li, ,-
f.r-icn a i.a-.i:
'B' I. !!'. '.
.1.1 ri in'ip '1
EXCHANGE
.".'. Tl.- iimrhf
-ip-n-'-l irren ilar
ae-k restri- 'p-l i.v
l.i' .Nerir l.ait
: d.ni"i'i a iO-- -f '
'. n 7. Nurun
." and iiiiirk" -l-.v-n
w iTn up 1 nii-i .;
n Su ,hji ai -1 I) i''!.
in
' ri 1
nr is,
' . .""ti." a.
I in 'i -h .'I'.
S i 1 'If II lil. M '
Fran. ni d
up .1 I'.-.i;::
in ! ii'ipi ,
'nil. nit i'in'nf !'ni ui.re Mir.nf 1
it. p- I I'-' iji.nniid 1 U fr,r.i i-i.
bio- 7 "- ihielii 7 "'i . lit ix an .a
1 .' 7 17. I'hi'i I 7 l'!1 1 l.re mh,i
1 --J1.. In-- ls I ' Si. , .able-,
1k7h 1 1,0- ks l-i'.7 peM-m -iibii-i
1." j'i. 1 '.in k 1.11:7 1 1 11. -ii i.ii..(i'
jii itii-ks U'i -". r-u- 1 n Mil
ir. "Mi .tin-is- !; 7.. . 'iei1'n1, uiMph'
'i'. j.1. 1 In- (- "'i; 40 tfiuldir iiililiN
Hi 7.1. 1 1. In .': 7-i a. ark. .OT ' 4 . The
f-irHK-iiti 11 irei. Mi-iu tlinf hteninz 1
bllPli HKIlill IO .1 til) It ll,l. 1-liiHllll fivuri'r
1? lu-f wpi-k, vh.ii frnni'i liave ni a!.
Iji.i iibuii' . i.int if 'be re't-rif mill
Aii'ii .pnuii!; i.f tiniui'ln; b I'arni.li'i
'iiiiii-iii. K. tin. niniiiiiit . AlO'i 1 irtHiii-j
Hi - .ni 111.11. S n-tp'ii"ilili. fur a pnif
ti-.i! t in 1 1 in -in Ciiiiiidii.n i t.ai ,! .'
I iVl pet' mil Niw Yuik fundi .1.1
ulTi ifd iii .Mi.n'r-iil t-ida. ii pur, ut.. U
' I'lpiiMilent tu a di-t'iiint ii iiljiiw
1 'niiiidliiii Iniuli In .i-,i "i'iii'k m e
ipmtiil p.ir te 1 -HI per rout pn-ini.ri.
VI.SrKUl.MV .- 1 IW.S'iJ Ql-lflMl'i -1
t-'T. 'itf 1'ra- a ! , i ....
ri
In ii.nri.
I I
I I'i t 7 fl.'-j
! vi 1 ni'Ksi: 'i tie
S" r ..y I'rdi. 4
I I US 7 ,7',
1 I. 7 '."l
MONEY-LENDING
SI Wlltll - Mum en
f ' ' r il 1 in 1.. il I mln ,
r 1. 1 I nn uri'l n 1 1- in
:t-
1 .'J 1
1 .
: .1 1 nr 1
J..rn -j .
4 I'll
1 -" ';
RATES
1 ! .
3
'. ii
'"
" ",i3
' .3
15
2'J
'.33
1 j3
p.'.O
'..: O
r.'jl
"30
133
,1
'ri)i
? .jj
Wl
1-J
.ji
-J
','
.jJ
t .J
,3
Hj'i
13 J
1M.3
riA
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VS
'if)
i.'1-ti
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433
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1 2'jJ
tn j )
00
1 ')
i'i
1 4 3)0
'i JO
' I J
',')
1 f)
34'JJ
tO'J
jOO
233
230
'00
,'lf)
100
J? 00
10'3
S 1'ea.vare ft Hu.lRenl7
2 L'jme Mlnii 37 t
Du J!h Se S v A . 3
S Du Pent (E 1) Ce .16
c ru Pent 'ii- deb pf er
5 Eastman Kodak new (-'
3 EVa, Storage Bat... 49 ,
. y.'t Hern Ceal ... 20' ,
5 Ei.dlcott-Jehnaon .. '5
7 ;,-.di of-Jelinson p'116
Erle 5
. Erle 1t pf 2"1'
Er'e M pf "6'j
i K.v e .a Players L. . 97
5 ran.ijs Players pf 103'2
6 Fed Mm ft Smelt pf 61
. Klfk Rubber 13
, Freeport Teas 22 'b
General Asphult.... t3'2
C General ClKar 80 4
S General Electric . . -177
. Cen E.ectrlc W I. .. 1 1
. Oeneral Meters. . . .
6 Gen Meters deb 6
(Jeldwyn Pictures. ..
. Goedrich B F
. Granby Mlnlnir
7 Great Northern pf . .
Grt N'erth. Ore ctfs .
Gulf States Steel . .
Hal l-sh.iw Electric.
7 Hartrn.m Cerp
. Hindoe MfK
HeuB'un Oil
2 K-.ds.in Moter Car..
1 H ipu Moter Car. . ..
. HMjraulIc rsitei-.
7 Il'mem Central. . .
r. 11. fort pf A. . .
. Ird aliemd Ref
Inspiration Cen Cep
Ir.tur Cen Cerp pf. .
Inn r Rapid
. li lerr.at Ci n.i nt
2 inti-r Cem Eng. . .
C Ir.'. Kiirvester new
Inl Mer -Marine .
6 int Mer Marine Df . .
. inter Nickel
International Paper
'. InvlnclDle Oil Cerp.
Iren Products
i Island Oil
. Jewel Tea
Jenes Bres Tea
. Kansas ft Gulf. . . .
K.in City Southern
i Kan Cltv Se pf ...
Kustr & Ge new .
. Ke.ly-SprlnKfleld
Konrieoott copper
Koystenu T 12 '
7 KreHK S S
i.n'kawanna Steel
7 Laclede UdM or nt u u
Luke. Erle & Went . 36
l.ake Erie & West pf 76 ;
i Lt.. Rubber . . . . f, 2
, UhlBh Val'ey 69
J M-jBctt ft Mytra. . 218",
1414
e4'i
7
. 33',
. 10"n
. !2-8
. 39 '
. 65 '8
. 2
. 35't
. 26 ;
. 78'j
. -2
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7H
.11 4
114 1,
fj
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it
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110 ,
M
:8',
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57
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e 2
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' 4
58 ,
55 S
K 4
176
81 H
t nr
79
19
EB
13,
81 'a
55':
104
38U
44'i
78
57 .
Ut5ti
27S.
55
1 1 1 '
:e4
u
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121
46'j
118
7
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ri
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41 'j
C3'j
121 '?
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C0H
157
21 54
6 4
7
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59
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I---.
119 4
2'
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42 ;
7 5'n
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ir '1
q
25
116
24 ,
res
e
10
tl 1
: -,
58
.3'
5
37
59
14"
32
0
91 '
2
tA
2 '
1C2'
E5
64
67',
33'2
3
62' g
.074
-" 'i
14
72-
39
5
138'b
U 'j
fi-,14
114',
49 H
1C1 't
1"8
07'j
22 's
13',
30
49
21 'b
135
-7
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20 ,
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1 16
15 ,
24 ,
1 '
95 j
1C1
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li
22"-
2 8
C ,
177
H 'i
14
0i,
78
't
11 Mr
14 1,
4 '4
4- .
4
29
2fl'2
1 .0
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57
16-8
S.0'.
14J,
46 "t
34
Ift'j
51
41,
23',
581.
44 H
42W
35 &i
I3!4
174
B1b
9014
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76
25!i
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2 1 8 Vt
1 sn
P 51
79'i
19
58'i -f
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104
38'4
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58 3i -
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112 -
-4H
13
36'i -121
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119
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41 ' .
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111 'a -3"-a
-
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157
21 li
46 4 -P
4 f
'09
2
19'ti --
T6 :
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59 J, -
11? 4 -
Net
Ctme.
14
1'
I.
I'i
I'i
4
H
i
v
4
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303
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203
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203
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200
400
100
500
100
100
400
830
12630
1700
100
100
lv,
in STOCK Utah
1 Lima Locomotive... 60 H
. . Loews Inc 22
1 Left Candy 12U
.. Loese Wile 61
7 Louisville ft Nash ..13614
. . Mack Truck 07 -Vi
7 M.vk Tiuek 2d pf. . 85
MnR'nn Copper 35
. . M.illlmen Ce 34
.. M.inatl Suc.ir 41 b
7 Manhat Elev Guar.. 54 '
. Maih.it Elev ctfs. . 53 H
2 Manhat Shirt 41 '4
C Maiket st prier pf.. C5
. Mar St Rwy 2d pf.. 26
M.irland Oil 39 li
. Mirlin Rockwell.... 15s4
2 Martin Parry 31 T
.. Math Alkali AS
.. Max Mcter Class B 18'i
S Mav IVpt Stores.. .130
fl4 Mclnt.vrc new 18'4
12 MPtlenn Petroleum 197U
0 Mex Seaboard 21 '4
i .Hf Seabeird Oil ct 19
M .unl Copper.
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3433
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4233
2833
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130
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Mldvnle Steel..
. . Me Kan ft Tex (wl)
Me K ft T (wl) pf . .
.. Missouri Pacific....
Me Pac Df
.1 Mentana Power....
. . Ment Bome-y Ward .
Moen Moter Car...
.. Mether Ixde Mining 11
Mu .ins Bedy 21 'j
7 Nat Biscuit 158
7 N'at B',-uit pf 121
Vat Clp.ik ft Suit... 0's
. Nat Cen ft Cable... :
.. Vat En ft Stamp... 0 i
7 Nat En ft Stamp pfICO
6 National Lead 1C4'
. . Xev Cen Copper... '6'-
C N O Tex ft Sfex .... 80
. . N Y Air Braki. .. 38 S
N" Y Air Drake rts. 2'i
5 X Y Central !8 4
. . Vew Yerk N It ft H 31
. . Vorfelk ft Seutlu-rn 17 4
7 Norfolk ft Western. 119'.
0 North American.... P4'i
.1 -North Amer pf. ..
6 North Pacific. . . .
. -V mallv Ce ,
. . Okla Pred ft Ref.
.. urphetim Circuit... 7 4 4
Oil Elevator 147':
2 Owens Eet Mach... 33 4
. Pacini? PevPl Cerp. . 4 -8
6 Pac Gas ft Elcc. .. f6'2
S Pacific Oil n
C Pan Amer Petrel... 79',
C Pan Amer B 74'i
Pan hand Ii. 7
s Pa h.Tidle pf 72
2 Penrsylvanla R R . iBS
.. Pirn Seaboard Steel 6 "3
C People? Gas Chicago COS
. . Pern Marquette 37
3 Phl!ad phla Ce.... 45
3 Philadelphia Ce pf . . 45'e
2 Phillips Pet 51
.. Phllllpt-Jenes 91 "2
. . Plf no-Arrew Moter f',
. . PlPreo-Arrew Met pf 3354
. . Plerce Oil r-,,
Pr. Od,l T.p'i 6',
2 P'-n:.' W'Rsly Stere ?S
5 Pitts Ceal 69 ,
.. Pirs ft W Va 'P'
Peivl Creel; Ceal . . 70 a
Peitum Cereal T6
Pruned Steel Cnr.. 90 4
. Produ.-ers ft Ref... 6'..
C Pu'. S.r Cor of N J '5'..
R Pijl.II,- Serv cum pf.'Ci';
S Pullm.'.n Ce 132S
. I'unta Alrirre S'ic;ar 47
2 Pure nil 32
S P.aiiwa" S'oel Spb.,118
. Ray Cen Copper 1r"'ii
1 Reading 78'i
2 P.'.ullnc 2.1 pf 53
. Remlneten Typw.. 363,
. Rep'et-le steel 7 31,
Ri pub Ireti ft Steel 67 '4
. Rep Iren .. s'i,.0i V 9)
. P.-public Meters 3S
. lb vneldi Spr'tiRS. . . 77 '9
3 Ri'Mield T'.l'.i i'ii . . 87' 4
-00 1.1 Ileya' Putch N Y.. IB'3
433 1 St Josenh L- nil. .. 15?
.. St Leuis San Fran.. 29
.. St L'ltila Southwest. 32
St I. Southwest pf.. 49
S-it.itte Am? 14'j
. . .s.ixen M .ler 4 3,
.. S.'.ibnaril Air Lln.. 6 'a
.. S. i'i Air Line pf.. 10'a
.. Sea: -He. buck ... 83S
C M i'i I'tien Oil pf. .
2 Sir cl.ilr Coniel 34U
8 Sit i-..ilr Cen pf. ... 90 '
.. Skeily Oil 10 '.;
. . Si-'ss-Shi (Held 488
Seutlurti Papilla. . . . i'.'.U
.. Southern Rail 2534
.. Beutin in Rail pf... (2!j
.. Spicer Mfu 72
R Standard Mill . . .137'.
4 Stnndai 1 Oil of Call 16
I Standard. O'l of N .1196
I'i- 1 11. l.etn 195 --4
7 Stand (d of N J pfl 17 '
Z SteiliiiK Products .. E ) ',
3 Stiw.irt Warner Spil 49 1-
Stii.iiiln . s C.11I1. . . 51 'j
10 Stmlelaker 126,
. . Sub Beat Cerp 7
.. Swicts Ce of Amer. 24
.. Ti-mi Cep ft Chem.. 10
3 Texau Ce 47 'B
4 Texas Gulf ft Sulph TO',
.. Ti'Xiis ft Paclllc 29's
1 Te ft Pac C ft O.. 25H
.. Ti'li'wnter Oil 146 'a
6 Tobacco Products... (3',
. . Tobiiece Pred A.... 86' 4
.. Te! St I. ft West... 71
.. Te St I. ft W pf... 58
.. Transcontinental Oil 14'j
. . Union Oil I9S
1-) I'i. Ien Pacific 151
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203
103
530
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9473
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1 I 433
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3 33
533
233
21400
133
103
233
2410
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1433
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4100
2700
100
2 30
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630
4101
4 30
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130
:00
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640J
7 JO
100
4 20 J
3 30
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703
503
2400
300
403
100
100
160
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2U13
' i:z-il'..Mi 1 (3a.
flilen Pni Iflc pf . . . . 78
Uiili-d Al.y Steel.. 38',
L'nitnl IHut,' 80';
I'liteil Fruit 149' i
I'tnti-d Rwy Invcs.. 15'
Cnlt Kw , lnvi-m pf. 3-2 fa
I i.ltid P.etiill Stores 82
i; S l-'oeil Products. 7
T S Ilelfinan Mach. 21 S
V S Ind Alcohol 1 5S
V .1 Ri ally ft Imp. . 78
F H Rubber 51 '4
V S Rubber 1st pf . . . 5 a,
i; S S'oel 1C3H
F S Steel pf E2'j
Ftnh Copper CB'i
Utah Stcuritles 21 'j
Vanadium Cerp.... 48 ';
Va-c.ir CheinlcnI... 27S
Va-C.ir Chctn pf... C5
n.iiideu Inc 13 '4
W.iba-h 12S
W.ibtish pf A 32 'a
Wi In i- ft Kollbrener U
W. st.rii Elec pf...l09'j
Wi s eni Maryland.. 14'j
V M.nvluiid 2d pf.. 2i
W. " in Pucllli' I7'j
Wi -tern Union Tel.116!
istuiKlteiif A Ur.103l8
W. stln E ft M.. . f 3'4
cr- i: ft M 1st pf . 70U
Uln.0.11 1: ft L 13. ... Uli
Wblte E.iKle OU... 31 34
W ,ltu Moter 50
Wick a Ire apene Stl 13 34
W'll HM.rl.iiKl. ... 7
Wi.lyn Overland pf. 3i
S ilsen ft Ce 47 H
Wisi ennln Central.. 31
Wuulwertli F W. ...184
UijuIaei til V W pf.124
U'i tth Pumib ft M.. 42"2
du i'n.-b Sulci 41 '4
Wunli rump ti.... 72Je
tl'V
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21S
12S
61
176S
56'i
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41 a
54 S
53 4
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129
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LOCAL TRADE TURNS
10 UTILITY SHARES
J Market Holds About Steady in
Animated Opening Penn
Central Light Streng
1
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104 'J-!
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TI:e tiually ni'the Uiip en tin' b'l'iil
Stock Kxi'linupi ,.i(.,t nrt fnicliennlb
in tliP.cnrly trnilin-; tedm. but wlilnuil
pi'diieiinccd pi'c.ssiue n-tnliist nn of the
favorites. Thp utility sharps rmne Inte
fnver iiKiiin nftef belnc stiiiplantnl In
ypsterdnyS session by miiih of tin nils
t'pllniireus preup. 'I'll marlied hliowed
I'ensidi'i'iiblc nnliiintlen from tin iiiit'iiluj!
of business, biieynnpy brlni; nddi'd te
.l....!!..-... 1... .1. il .1... Ii. ....l.i........
I iirniui,.- n.i iiu 111 111 iiiiil 111 .. 1111 11, v
en tup lilv iienril.
I'i'iin Cent nil Light prcfprrpil linv,Pil
steady iii'Piiinulntleii nnil wn marked
up mere than n point nml n half befnii'
nnen. An iiilv.iiici' of n point wns tiiadi
by Phllnilelpliiii Trnotlen: Union 'riit--tlen
was up a small frnctieu nml 11
lnln ivn iiI-e scored by I'lillilelplil.'i
('einpiiny 1 uinulatlvi' jirefcrred. wliich !
lns one of tin sp Inn s nctlvc Issue-. ,
Tin-re wiii unlit- lu-nvy n-llinir of tin-,
jrnllreml storks for 11 tlnip, under wlili-h j
i 1 most of these. isuc (.iicm-d. The
single oM'cpileii te thii iiiwi-rini; l
! prlrps for tlic-e slmi'ps wns In I.elucli '
. Vnllpy lili-li, en 11 very fair turmiM r. ,
j calnpil 11 point nt 7.T. I'c-iiiisylvnnln
f-iiRpi-d n ipnirtcr and IIitntin-;dun nnd
Urend Tep was off n linlf.
I Aniprii-im Hnilwnys held strndy inider
,11'iitc i'tensivp sellliig. thp prlce run-:-
Inc bptween 11 nnd l.'t'ii. Anirrb-iiii
(!ns was uncliiuippil. AVeakii" was
thewn in Mich Is-tfiics ns Aiiu-rlran
! Sterp-. m-Ii-Ii wns off n peint: ('et-
1 nilidnted Trui'tieii of New .Iprp.v,
whli-li showed a slmllnr less; Kli-i-tt'U-
Slerni:.- off inme limn 11 half, mid the
I'liilnilidphla I'lectrlc stock.
I The bend .seetien of the exi'luintp ivn-i
hery quiet Several bleiks of Phllndcl-
I phin Iileclrle lirst ,"s caii.e out. clinnc-
1 Ini: hnii.l-Mt 100's nnd Kill. A sale of
Leliluli Valley Ceal ."s wns made nt
I J0U.
OFFICERS
CHARLES C. INGERSOLti. Prea.
STANLEY E. WILSON, Vlce VrtB
ARCHIE D. SWIFT,
Vice Pres,, CimhUr
DAVID n. CARSON, Asst. te Pres.
ALBERT II. ASHDY, Asst. Caahlar
WILLIAM POST,
Chairman Eiecutlve Cemmlttx
Mr. Frederick A. Veft, President, F. G. Vogt &
Seus, Inc., Packers and Manufacturers of Perk
Products, 80th and Race Streets, Philadelphia,
said' te us:
"The Perk Packing industry of Philadelphia con-
pumes each year one million hogs, shipped from
corn producing districts. Exacting and scientific
methods are required te furnish fresh perk, hams,
bacon, etc., satisfactorily te the discriminating pub
lic. The utilization of byproducts makes the indus
try unique in the small percentage of waste."
Central National Bank
of Philadelphia
ChestautStreet at Fifth
,
h
Capital $1,000,000
Snrphia and Undivided Profits Earned $i,"00,000
Iii
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14
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34
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Philadelphia Stocks
II.uli
20 Am fins.. 7'J
-Hi'Ain Loee.l'-'i!
.".(17 Am Hw.'M. 1 1
KI Am Strs..l.VJ
100 I'ulT iV us
t i- pf... .":'.
til) Ciiuib lien Hi
lOOCenTi-N.r ."1
Id." Kbv Ster. -Ill' .
'-(lOttJen Mtis. IP,
Kill Hun V 1ST i'j
10 Ken Seem
pref 7.".
Jen l.eh Vnl..
7.") () Liscnl'i-
".'Otl'iiti-A 1'et
K13! I'i nn Cent
LiKllt Pf.
".II I'cimii It H
in I'hila Ins
Win-....
10 I'hila Copf ::ii.
t-'-O de 1 11111 pf -I."' ,
jii I'liiiu r.iee :',i,
Ml de pref. . :i!'"-s
en i'liiiu it T :.:!,
.'." I'hila True (ill
:!! Ki.iiilinir 77.1
OHO Tone Min.
li; CiiienTi'iie -II
ir..- V C. 1.... .!
"ill de plot". . ."ill
Net
si., en
Lew
73;
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Banking Accounts Accepted
We accept deposits subject te check or en
time and allow interest en current balances.
pewn Brethers
frCc.
T.
FOURTH & CHESTNUT STREETS
New Yerk PHILADELPHIA Bosten
BROWN, SHIPLEY & COMPANY, Londen
.liltinf 111. Ill" 1.'
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I'IUKl)i:i.I'IIIA IIIIMIS I
10(111 Liberty .'id -I1,- '3!S lOO.'J'J
1100(1 Vlcttu- t "Si Kill 70
loon K.ililwiti Loen 1st ."is Ki'.'t .
10000 Kleelrii- & People's 4. . 73.'"'
KHMl Li-hl-jh Vnlli-y j-eneral 1-. MS
1000 Li-IiIkIi Valley Ceal ."is... 10'.'
10(10 I'iilla Ce eons .", mist. . . HO 1
KiOD l'lillu Ce eon- ."s 111! .. I
.'000 I'liiui Llectrii- l-i ."-..leis Kill's'
liOOU l'lnl.t Llivttli 1st ,V..!nls 100
DIVIDENDS DECLARED
r.ilrlniiKs M. 1 te c.mi-.in' ".", enl nn
rell-ni 11 la ibl- S-l trail 1 r 30 te FliKKhOlfP
.era nt rei 01 (1 M.pti inlr 20
I llnrhfl l'l iSitni'.iiii II it rent en rum
1 lntm p.naliM se.u nluM .1-i te me klielilera
I of rei nril .spi.trmter 'J..
' l'inii r h linn i. tnpftii i hlrat:e iiuarlerlv
1 1, ii ion, i.ii.ili'.. 1 if tuber 17 le t tee k
uf 1... nrtl 1)1 letn-r I!
IfiintliiKten p-M-lurnii-nt an1 II i i'om i'em
I rue uuiriiilv 1 1? per fp-u 011 1 referrfl
i.'iMib! iietPbr - 10 pip. Uhel. lira if receril
-. in mln 1 l.'.'l
liilMiialliinnl i'llue C'PtnpAiu Ml 111111 rrn
'.llllliiill tilll 11 UIl PH'fiTKil. both lawibln
1 '1 ti h, r 1.
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1 'innii'in pu..ibli i-iiebi l-l te te . , of
I r. .ul I'll 1 i'r '-'. iiln- muMi-rlv 1 ", pr mnl
mi 1 referreil i,i.tlil Oululi r 3' in neil, of
1 001 1 .s. nn nibi r '-':.-
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1 rr 1.1 nt en pr-ferii-l 1 euii.
1 iL-mlier 'J te ati". U ijf ifieril .SepinibiT 1'S
, liruei ll.irrls 1 ninpnnv. -ninrt.rh 1
I per crni en Dicferre'l. piij.ible Uutebtr 1 ii
I reclsti roil si-i'iiniber VI
j Aiiii-i 11 1 ("ftbli'i 1 ump.iny. Ine . tiunrlrh
1 1 per eeiii, 1.1U1U11 Ounbi-r 14 10 Heik
of loienl iiiteb-r
CONSOLIDATED MACHINE TOOL
CORPORATION OF AMERICA
First Closed Mortgage
20-Year 7 Bends, 1942
tPenna. 1-mill tax refunded)
?10,H(j0,e89 of net tangible a3bels in excess of all liabilities ethc
than funded debt equal te $11852 per 1000 bend.
Current assets mere than six times current liabilities.
Average net annual earnings availnble for bend interest for
6 1-3 years te April 30, 1922, mere than four times interest require
ments. Price te Yield 7.10
Circular and Balance Sheet en request.
FAIRMAN & COMPANY
Drcxel Building, Philadelphia
K.tnblUbtd 1002
Correspondents
Lawrence Chamberlain & Ce.
NEW YORK
. . . .
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niiiuiirli l in lent i"i pr-f i rml. r.isuhl.
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WHOLESALERS
Banker and investment
heusci ere Invited te uie
our service when desiring
te buy or tell any Govern
ment Leans.
"A Natien -Wide Market
COMMERCIAL
TRUST COMPANY
Mctabr Federal Rticrv Stttea
City Hall Square
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LIVESTOCK QUOTATIONS
lilniBO. -'nt HJ ' A'lTI.I l(. i
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i,ihern 1.iifii!.V bUhi r bulk I'M ii Sin ,.ull i
I .iv ni Ken S10.1" ii III 3" 1'i.p .le Id. i';e
I llllll p Hill I bull lull-. y S('r. 10 -lUk ,,,)(.
I nut t iw i 7 7.1 Vs .Mi, p'uh iiiiMiij 'in in,,
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lj I i nils If.'ir-t Is fll .10 hln-ep 111.. I freilnH fun
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best
INVESTOR
will buy block of $50,000
first mortgage security
bends. Must pay attrac
tive interest and be mar
ketable, with a maturity
under thirty years. Would
be pleased te have Invest
ment Houses submit offer
ings. A 822, Ledger Office
J'4
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14
I'lllsliiirsli, Sept
nv.e lu.nl Ilikher
In nv iihitii mm nirnt jurKern, 510.tJ.lM
ptKH. fill i'.ill in HI
22- HOflS - - rteeelptH,
,n-iiviri. j ina ,-
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ane liejil. Sleady.
I'llK.MM.I I'MI
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N. Y. 'Change Seat Brings $89,000
Sen lurk, Hej.1 -- '' ' " n -.nbumliipa
i .' i Vnrii S'mh I'm-harun -uptiriUy
., nii'nl ler prlc runnliix from s '.0(1 te
,. r'. ruiiieil w"" ,, -"' Pre.lejH
f fin GUn Th" "1' ,f 'i-.'se A
i v. ai) hi i I t .nun r
Reserve Banks' Discount Rates
Offl.'liil roillae'iunt r r. t e in the is i.- I'-I
eral Itesrm lliiiikn me as fe 1
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DANK CLEARING3
Tr.e ftie
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Ne Change In Raw Sugar
,pu urli, i. t J.' 'II i niv Niiwiir inn r
l.i I wus nulet nnd in b.ncii) tn.jnv. tli
i ii.ii. fur Si pt ml.- .1.. I i.r i-lnpne ul
rimiiiit nl .1 iiii'B. i -t ,u,, i iKiKni j'hire
mi nu nnle ripjri.l . ni,ij Aut,.iU
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l.eiil. Hh-ip 7
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CAI.VI'.S lluilplH
I Tup. $11
1 .1st IlllDllIu N. 1.. sr,t ."' t'X'lTI.I'
- lt"lpta K',0 lieiM SIiim. in)i-i-,. loner
li'n'MH. rreelpi. 300 l.einl. I hiclur. ."'i
1 r, r, e
Hi )'js Hi-ieipta. r,ri'in b-.ui. ii.'iq te nni
IiIrIit lleiivv IKKilO.Ki. i-lm, JI0 75
iniiFtn Kiiis f.i. dibks. $i',)r. r.n
Slli:i:i' AND I..MUK It 'ilpls infill
Iii il 1,1.0-bs -.Wii'l liliib. i ni'if is :;,
I , ir'liiei. Jit'i'l 'i.iIirM 7",iK,s Pv ok.
SJ'ii 7, ir iv 1 fliitii. $7 7 rn
$12,000 Life Insurance at
Age 35 for $10.08 Per Menth
in mi iini.i.inr fuminitiy
Srnil nur llile of lllrlli nd I,pn
IMnit 1(1 ii llnnili nii'i i i,.ni!.'-.rn
PEARIJ & SUDLOW AGENCY
1701 riNA.M i; 1H.IM,, Vji, ,
"Hmemlilile Insnr.ln. Snr" i '',;;.,
Success
in the market i bated upon
securing all euential infer infor infer
natien before you buy or
sell.
THE MAN who Is consider.
Ing the profit possibilities of
New Yerk Curb stock will
find the information he
needs In the weekly publi
cation INVESTOR & TRADER"
This unique review -
given ever exclusively te
New Yerk Curb stocks-will
pest you clearly and briefly,
each week en:
What market has done and
its significance
Boiled down comment by
market authorities '
Expected developments that
may affect prices
Most active stocks, reviewed
-Latest news obtained from
dependable sources
Price Range of 200 stocks
and bends
Read this week's
"Invester &. Trader"
Copy given en request
Ctll phone writs
Jenes &. Baker
Metnberj "New Yerk Curb Exchan:
Direct PrVvsVeWiftii
New Yerk fblcife Borlen PbllielblJ
Piiiibutin Utireit llililmele CUclnJ
PHILADELPHIA OFFICE
Wldener Building
Telephones 5c1 ; ' Hcu,,iII?
Hcyttene Race 5861
BALTIMORE OFFICE
Emersen Hetel
Telephone . Plata 845 1
Georgia's Heg Industry Prospers
1 l.lllTplHll.
ipili ' ineii
Liverpool Cotten
DAR SILVER
Dem8tle
New- Yer
f-r'lei t
bar a
mlnvjifl
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vt v.a i iirn ' iriin
lifl'.e r-r fln 'nine
I'urli
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Steamship Lines Raise Hemp Rate
ha nee mi leni.
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WIEGKER,R0eKEYC0 WeCanFindlt
Certified PuHlir A.. i 'u i0'1 et' slecli3
i-eruned rublic Accountants end bends every Wednes-
Drexel Buildins, Philadelphia duy' t'hnri'E -?l-5u ,n;
H,l,a ttuiicc fte for cucli item. Our
weekly cutalujjuus ami I'01'
card service lciich every in-f"
ket. We tnke pleauure iu
furnishlmr quotations,
iiarnea &-Lefland
Uci1 linktra nnil Ant'lluurer
147 S. 4th St.
Main
AND COMPANY
ttiiiiKii:n it'ime ,(iinNr,ii,
Ununce UldE Phila. '
if: -
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