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EVENING PUBLIC LEDGER PHILADELPHIA, THURSDAY, SEPTEMBER 28, 1922
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We Recommend and Offer, Sub
ject te Prier 3ale, the Follewing:
Subordinated 6rl
Equipment Trust Notes
Clr'c.R.l.&Pac.R.R.Ce.
OILS LEO UPWARD
S
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Alter neon Rapert In Philadelphia Quoting Full Li$t
MP
STOCKS
Jrn. IV 1 '.::.-...
Jan. !",. iPSti....
Jan. 1."., 127
Jan. 13, 1920-3...
Southern
Jan. l.V 19:.....
..).:e
..).fiO
.".70"e
...-1.7.)
R. R. Ce.
Chct &OhieR.R. Ce.
.'an.
en.
1P27
lPai-33.
).I1'9
i'Mi i;i' i dr-iilars ;e ' I'tqctf'
HambleidnCd.
Fla Wished Sb5
Cer.xrwn hd 'liv' BtdL fafi
PHILADELPHIA
Baltimore Ant W iihinqten
m
Market Steadies After Early
Liquidation of Weakened
Speculative Accounts
Net Ye-li. S
lli'llkl III' I .Ill'ilM
it. 'J. - .unit'liitien of
itnc .ti i (unit, nnpnr-
cut'.) diii' In iiinlillitv. or nnwillinRiii'-'.
te mei't margin milt, iniimrti'd nn ir
u villa r t'dinl te teilny1" eppiilrig tlnl -iiiR-
In tli" .tuck market. When tin
mily ""'l'lnB luiil bfi'ii jilt.iry'il. Iiew
eier. tin1 tniirkrt bcsnti te )iin: tip
)nrd ti.i.ler tlii lcitb'i' lup of n ileiininil
fee Hlerl nnd liisli-'irli ril ml dmri".
(lit' in" "i te '' leitils were irinrdel
bv I 'tilted State- Steel, romnieii. (inl.'
"(iti-i S'i'i'l. I'.i'tbb'lii'lii 1!. Stiindiirit
ill'- of Vew ,lci"-p mill I'.ilifernlii.
.Mi'mh.p lV:r"'.'iiiii iiml t'.er, i Oil jf -I'rvr'.
('rnilib iimlinilril ! lli'') tin
of
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it'. 'nir!
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mi
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Cities Service Ce.
6' i Cumulative
Preferred Stock
i ' '( I ' ' .'.'' 'J
SECURITIES DtPARTME'JT
Henry L. Dehcrty
& Company
:i01 meit. !iui fl.nT. 1'hii.i. !'a.
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U.ill ' siri- v ere inch M'1 te iiemi
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ti 'brr uf'iiinl. b'if .iilntnii'iiil vi'
i e .mji. were neti'il in AniiM Juili Uinli Uinli
uter. .'p r i'i'i Car. Atin'rii't"! Tob'ic Teb'ic
m iiivl North Anierii-Mii. I'e'uiii' i:i ("n"
newil .Tia point, but t'eiiii'lihinl iii
a-il it let
Se'. in 1" 'In1 li .iliT- were r'i:i up 1 r 1
' ii.'ir- ii n ti .fei-t'iiliH' pniiiri' wa
I MO "111 Mill .lit' .lirp M'tbll k" ion's
plt'CO T''l' ll-t pp-l'lltnil II Miiinwhiir
iett hi pi'ii -i iiv ilurlir- ti"1 line iil'i'-r.
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Commodity Markets
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jl electrical enertry for
light ami power pur pur pur
po.es ha- mere than
doubled during the past
five year.
W recemmfnd invest
ment in ec untie
w h e s c proceeds ar.
t.'ped in the cter.--ien
of plant: i'j take care of
this piwung ."i.ines.
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HARPER & TURNER
Investment Bankers
Jtembtrs PMIctitlphia StetS. Cxe-jntr
STOCK EXCHANGE RL'ILDING
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ti33
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203
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100
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Masen Cily & Ft.
4s, 1'955
Ded
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Buffalo & Lk. Erie
Tract. 5s, Certfs. of Deps.
Kirby Lumber
Common and Preferred
Rey&! Baking Powder
Wm.C.OrtonSiCe.
54 Wall St N Y Irl Haiiefr 9690-0637
NEV.' YORK COFFEE MARKET
N"i irl. S I Jv i ' .r..il-
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SPECIALISTS
We make a dependable
market In all iituci of
UNMT&P STATES
GOVERNMENT
SECURITIES
COMMERCIAL
TRUST COMPANY
l(cmbr Tcdcril Rtitnc Srtien
City Hall Square
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With Clientele
Wanted
by ii Stock Kxchui'Ki! Housu,
Members of New Yerk and
rhiludulphia Kxchnnges. Ap Ap
licatien treated in strictest
confidence.
p-U-l, Ledger Office.
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HI J STOCK II 81)
.. Aitams KTpre!i 70
.. Advann Itumcly.... 17'i
.. Atax nubbr 14
.. Aln.ki Clelil Mine. "
MnsIa Juneau O M i':
Alll.l Chem Rr Dye. 01
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i i:riTi:iti'v s .i.O'.rr. 'ji . t ii. s
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ficrlini: rmn'i 1,1.- iJ,Wb-
.rmiinr tllllS 7 ". li 4 '."I 3'l t'J
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MONEY-LENDING RATES
Mlltl Muni' f.ii
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t.ir , Mil'i.K unit nPiK
I'llM.MIK.I.rillA 'n
num. I' '.44 prr .'il.
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BANK CHEARINGS
llnnk cimrlne') tedav lempareil with cer
rifpemllnn Uay jh.i two .r.i
fhtia... m.one.ooo tnrtm.MO fnn.uu4.tea
Heilon.. ft(l!ein.0l0 44,,ST1 r.,4T,-4H
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Al'lcd C fc t)yn pf112'
4 All's-CTia nier 54
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.. An Hescl Mngnete. 40'j
.. Am "'h,c! fiu
Am Can 8U
12 Ami CMr & Kdy 1P5
.. Am Cotten Oil 6'j
. . Am Drue S.v n a H
Am llldi & leather. 13
Am Miilp & Lcatli of 67 't
7 Am Ice 111
6 Am 7c pf 91 i
.. Am Internat Cerp.. 34 '
.. Am T.lmeed 37 V
3 Am Metals 46 'i
6 Am Locomotive... ."22
4 Am Rndlater 13
.. Am Slilp & com.... :0'j
Ami S-niMrt-.i & lief. 04
7 .Vu Mrell pf 1C1 '
C Am S-pci Foundries 44
.. -i Sumal-A 58
. Am Sucnr Hof ? '
ti T"l .: Tc! KO'4
. Am Tel & Tel rts.. ii
12 Am Tobnce 1H9
12 Am Tobacco n 1.r4'
0 Am 'i'ebav.i pf liew.lCG'i
. Am Wntorwerkd... . 2t
. . Am Watrwki G'c pf 46
" Am Woolen 6V;
.. Am Writ Paper pf. 32
. Am Zinc I.d .t SmMt 184
.. An. Zinc Ld ft S nf 51
.. Anaconda Copper.. 52
. . Ann Arher pf ... 0
1 Af In- Cioeds . . 58'n
C Asivn O'l 1 17Jj
6 Xtc'i Tep A Kan F"1C3 3,
. At. 'Jiilf & W t S S rC'4
.n H& W ISSpt 19'i
:'n !ti- i- Ai'rntlc ?'i
T At nnt.c Ceat l.lne 1 1B
t .nntl, F'-u t cl.'a . 1 3
1,im V;i, k Cerp. . . 17
AU"t.-i Nlcliels. . . . 30
T Hildu n I.oeemotle1"2 'j
.. Hn'tttrore & Ohie... ."'.
4 H.i.'e ,1 Otile pf. . 60
. . Ha.-nct: l.iathi r . 60
. Ha.-nsdal ClftJi A. . 37 'j
. Hrecknut I'acklnf.. 41
6 B-lli Steel B 74
l,.ff,i F,iri',es . . 84
: r- F-1 sti'-. !?. p: 74'
Uroeklvn KillKen. . .110
!.'.! r..)Plil Transit 21
U : li T ctfi of db 10'4
' F, irf.ji r. e A . . . .' 4';
2 It-j'iisi Ures B . . '6
Hi.'te ii & Z tic . 6'i
Hum" & Sup Ced -1 J
C.ldin n O & R. . 1 1 j
r. i. a iierriii f'Kcktnp. 62 i
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'rfl 5 .c and Lead
i i i 'tit i: Han Pacific. .
1 'ate .1 I Plew
en'.rJi leather. . .
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f'M M 1 & St P Pf . 46
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i-v'.i.clble Oil -erp
iron Preducm
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!n 1 Tea.
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1 eV
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116 :
23
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6"8
31 :
it
87 i -
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fi
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73'j -78
43', -93'i
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'573
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31
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83 "i
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99
f'
: 41.
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: 07 ';
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87 114
49 '4
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48 3,
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13.: -, -
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49
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33,
L24 '
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84
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1 5 1-; -j
23 H -15
"4 -18
ir
93 S -59
-9?'i
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72 -'
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93
174'- -14',
'
84 i
14',
13 5,
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33',
83;
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0 4 -30
85' t
87
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'5'4
77', 1
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111 ,
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4 5,
30
IS
JS -7B',
2 2
32
28
106
14
57',
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77', I
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19
50 ;
23 S
'blj
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44 S '
40
3) -103
-
95
341,
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I72.K-T-
79
35 S J
Net
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i
t ,
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1
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1
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H.iteii
2103
3300
4800
100
103
100
100
200
100
303
1000
100
100
200
833
310
100
700
2000
tee
100
500
14833
1330
100
tee
1 ".'
1
1
1
If
niv.
In t STOCK ItlRh
S'4 LeblRli Valley 67 i
7 Lima Locomotive.., 50S
Loeiv'e Inc 20 ;
Left Cnm1y 2H
IyOOS We 0
Lerlllard (Plrri1. 173
1 Leulnvllle ..- Xncli.
. Maclt Truck
7 Mark Truck let nf.
. M.icmn Copper
. Malllnaen Ce. . .
4 MHiibattan I'I ctfs.
2 Mnnhnt Shirt
C Market St prier
4 Murium Oil. . .
2 Martm Parry.
. Math AlUntl 46 4
,. Max Moter ClaH A. 57 14
Mnx Moter Class U 10 '4
Mav I.Vpt Stores. . .126!
de Cneli Sales 129
4 Me In tyre new 18
12 Mexican Petroleum 1fc7
" Mex Seaboard 04
6 Mex So.ilearl Oil ct 17'i
Pf.
,134
re
, 83
. 32 "4
, 3H
, 52 '4
41
PGH
, 39!..
20V,
8
Miami Copper. .
4500 1.50 Middle States Cerp
40)
060)
50)
1603
1003
600
100
fl33
703
470
100
550
100
1030
303
?.03
333
430
430
3103
100
103
3i)0
3))
100
1030
3103
100
100
2833
103
330
1500
200
103
4103
1033
5103
7433
!130
330
4'03
933
.'33
1300
430
4700
500
600
1530
103
203
6033
103
13 30
1830
1511
900
410)
910
00
37JJ
713
2103
103
100
100
1930
1700
100
re)
.' 1
100
)
7 3.1
'.')
! 'J
2101
2810 4
7 33
513
100
633
1503
530
3900
100
3 33
8T33
103
18)3
100
3 100
3130
i3)
01)
100
193J
D403
403
630
400
400
17800
830
100
tee
530
P." 3 J
: '33
113
1 oe
r.)0
7.930
noe
3100
1433
100
13)0
34 30
,00
200
730
200 :
130
100
383)
400
200
10)
WOO
8)3
4j)3
?i'J
2GeJ)
3)1
143 J
700
7130
100
430
1 200
400
100
600
'31
30
1 r.O'i
10)
"00
100
400
103
1200
,- 10
20)
703
400
500
100
1300
300
100
400
500
100
100
8
13S
:.'
IS'a
44
21'4
"8
Mldvale Steel
. . Me Kan ft Tc. fwl)
. Me I T fwl) pf .
.. M!.sour! Paclflv....
. . Me Pac nf
J Mentana Fe)e- ... 72 '
.. Montgomery Ward. 21 S
.. Mcen Moter Car... 15'
. Mether Lede Mlnlnf 10S
.. Mulllns Hedy 19'j
National Acme .... MS
7 N'nt Dlfcult 164
7 .Vat IJlseult pf "7
. . Nat F.n & Stamp. .. COS
G-Viitleii.il Iad 1C3'4
.. Vat 11 It of M Jd pf 3'i
. . Nev Cen Copper.... 15 c
C V O Tex it Mex 77 't
. . NY Air Hrnkerti. . . IS
B V V Central 7
5 N V y k St L 2d pf f3
'.. New Yerk Deck.... ?5 2
.. New Yerk N II ft H 33',
S New Yerk Ont ft W f-4S
7 N I.i para r.il 11 pf. . 109
7 Norfolk ft Western. 118S
5 North American.... i'4 S
3 North Amer pf. . .. 46
North A mer pf S.n 45
6 North Pacific CMS
. Nunally Ce 10 S
. . Okla Pred ft ltcf... ?S
.. Orpiieum Circuit... 75' 4
.. Otii Steel 10-S
. . Otis Steel Df 55
2 Owens Het Mach. ..41
5 ran Caa ft Ulec f4S
3 TM.-itie Oil 5S
i". Pan Amer Petrel... 7 4
U Pan Amer B 7 '' ;
Pa..lcli ft H.nRMani 11
2 PcnpRMWinla It H. . 47 S
.. Pctn Pi'.-ilienrd Steel t',
5 IVeplen Oas fhicase f7S
.. Pere Marquette '5S
3 Philadelphia Ce.. . 43 S
" Phillips. Put 51 .
.. I'lTre-Arrew Mote- 13
. . Plerce-Arrew Met pf 3.:
. . Plerca Oil 6'j
. . Plerc Oil pf 3R
2 P Efily WlRgly Stere 43
5 Pitts coal c-e1;.
c rv.u 1-0:1 1 p ... 97
. . Pitts ft W a. . . . '3 S
S Pend Creek Ceal . "
r Petum Cereal . .17
S Pes'uim 1 (! 1 pf. .109S
Pred1;. .. 1 a & Hef. . 43 7a
Pub S'er Cor of N .1 95
r.
S Pub of N .1 cum Pfl043
8 Pullman Ce K0
P'jnta Alecre Sugar 45'?
2 Pnre Oil 31 E
S Pij-e Oil pf . . . 90 'i
S Ila,,w.iy Steel SpR. .117
.41 lVind Mine, 31 'J
.. Kay ("0:1 Copper.. . 14'a
4 Head'ne 77
2 liendlrir 1 pf 52
. 1X1 1 "tf .il p . 52'
K't'u i.'l'iii T) pew . "5S,
lii-'i T..p. Is' pf . 0
Ifjilejrli. St'f ! . . - '
.'tiuii iri-i ft -tool c i;
I! : Iren ft Steel pf 0
57 '4
184
:r
46 S
29 '2
47 '4
41.
T8
10S
95
11'-
98
10S
47 1 a
3S
75
61'i
70'.
.132i
llepi.lu'.t Meters..
3 P.oneUj Tell n. .
1.1 ltey.T D.itib N Y.
1 St .Jeseph Lend. . .
. . St Leulu San Fran.
. . St Leuis ST Fran pf.
. . St Lciula Southwest
S I. Southwest pf .
Saxen Moter
. Sears-lieeliuck . . . .
i-ntia ""epper. . . .
0 Shell Union Oil pf . .
! Sinclair ConeI. . .
5 Slnc'alr Cen Df . .
Sltelly O.l
S'l.-s-Sheinel.l
6 ."-eutliein Pi. Ifle
. ?e'.:liern Kali
Se'J'liein n.i'l p.'
t-p,cr Mfc . . .
S Mar.d.i-d M '
4 Star.d.iid ell of Call18S
n Standard O.l of N .1198
7 Stand Oil of N .1 pf116'i
3 SterllnB Pieducts... 1741a
3 Stewart Warner Spd 50 s,
.. StrnmberK carl).... 51',
10 Studebaker 126
.. Sub R0.1t ferp 6S
. . Superior Oil b ,
Tern' Cern .: V ' A" ,
Tenn cop & Chcm.. i'
3 Texas Ce 47',
4 Teas Gu'f ft Sulpll "5
Texas ft T'.vifle ... 28 .-
1 Texas ft Pac (7 ft O 24 ' ..
. T.di watei O.l 142 4
. Timken P.ell Hr Ce 29' ,
0 Tobacco Products... rl S
Tobacco Pred A.... 84
Transcontinental Oil 13'A
0 ''-.len Hat; ft Paper. 73
L'n'en Oil 16'i
li) t'nlen Pacific 148',
1 r-i ..n Pacin.- pf.. . 75S
2 ',-t lint All"' Steel.. 37 'i
United Drui; 79
;i- l"n ted Prutr 1st pf. 50
6 United Fruit 145'i
. Unit Rw In)est pf. 31 S
. I'lilted Hetall Stores 80 ,
. . r S " I P ft Fdy. '?
6 V S r I P ft Fdy pf 7)
t. S feed Products
. V S Iiul Alcohol. . . .
U S Jteuli . A Imp .
I X Ilubber
t. I .X number lit pf. ,
fi F S Steel
7 L" S Steel Pf
2 I tall '.tipper
I tali SiCurltlM. .
n-i.ulluin Cerp. .
Vn-Car Cht m pf.
ixaudeu Inc
Wnbash
Watiiish pf A . . .
Wabash nf ft
I Weber ft Hollbrener 12',
5 Wt lltt FarRe llxp... 8.
7 Western Line pf...1'8"i
. Wentern Maryland.. 14
W Mnrylard 2d pf . . ?-1
Wrsterp P,ofle . . 17 S
1, Wrfctern I'.ieilli pf . 63
7 Western Union Tel 113
4 WcsiinBl.'iUSM A Ur.101
1OW
67
D7!4
204
12S
60
172
134
'.G
eeij
31 i
52 !'
-11
65
39 S
30
46 Vi
57
17'i
1 20 '.
129
17S
184 u
20 s
17!s
23
13
33 1 i
1 ; ti
44
?1
57'i
7.!
21 S
15
10S
19!j
144
161
97
tC,
103
3'i
ins
77
1 -,i
fG';
rs
3L,
?.9'
24 S
10'J
ll7"i
?2
46
45
84',
10S
2 'A
24 S
I0S
T5
40'
f3
E4,
77 S
73 t
11
47 S
h,
!3S
35U
43S
50'4
1?.S
21 H
0
33
42 S
57 S
07
6' .
18S
IC.5
109",
4 j
03'.
1C4'a
129
413
31
99' '.
117
31 ';
14
76'
52
52'j
5'4
90
12
"IS
90
2S
'.4),
18
:7,
4em
28 S
40S
4U
ffi
!0S
06
?2S
98 .
I0'7
47 i,
..?,.,
-4'4
(.1
re'f
132S
117',
195'j
lies
54
SO ' a
51
124 'i
6'j
6'4
n
os
46 ",
54 '.
3
24 1
142
'8S
01 ),
BiS
13',
73
18',
14',
71 S
7'S
78S
49 !i
14')',
41'4
79 '-,
;e
t'2',
re ,
50 ,
!.7
.1C2S
.1.M 2
. C7',
. 21
. 46',
. C5'
. 12 S
.US
. 31
.20',
4 Westln,- 1. & M.... .'7i
Whcillnp ft L E..-. 13
WheellnK ft L H pf. ?2
2 Wlut i:iKla Oil... 31 S
4 Whtte Moter 48
. Whtte Oil Cerp.... 0
. Wtckwlre Spenc Stl I2S
. Will) s Overland. .. . b'i
Willys Overland pf. 40 "2
. Wilsen ft Ce 45
7 Woelwortb V W pf.124
. Werth Pump ft M.. 40S
A Werth Pump n.... 72
1 WrlKht Aero 10'i
- 1U
"' t
7fC .
4( .
0;
'01 ,
1-1 :
' 1
20 s
45 s
65 S
i-'i
ii'..
OS
.'0'
'! J
80
"cni4
'",
,M
I7S
61
11 I 'j
'01
1,2',
I 1
;, )
'M
48
7S
12.S
G"4
401,4
45
124
40 S
72
10',,
1 l.lil
P. M,
67',
50 -20
Hr
17?. -h
134 -
b6 ;
08 Vi -
32 Vj -22!i
V
52 !'s -41
CD 1
39S !
CO -46H-57
-18
-
126t.i-i-
129
18
15
20 !i
17'.
20
13 S
33 Te-I
ta
44 -
21 ' -r.8
:-
72 ',4 !-
21s :
15'4
tes -v
19' i -14S
r
i63S' -:
97 -(OX
-103
3S -15S-77
-
1 -"7
r
30
35.',-
30'i, :
24 S -109
117i :
P4 -
4S
45
H4S !
10H
2?4 -
5U '
10S.J -
55
39 S !
14 '
rill-. -.
774
73', '
11
47',
hh
'3, -
35 'i -
43 "-i
tO'4
12"i
32
6
38
43
58 S
07
-6
19
1T6
1 0" S -
41
3',
1048
129
45',,
31';
99 'i
117 -
31 !J
14'4-
76 S
0'
2'i-
"OS
90
32'
61S
90
3
rr
56 S
18
27 S
46 S
29', -46',
i
4'4 -6
-10S
-96
33 S -98
10'J -47',
93 '4 '
25 :
CI
re'r
1324 -
1 1 7 "4 .
196
11614 -54
-50
S :
51
125S -'-6'i
Ola :
s
9Ti .
47
54 ri
28 Ji '-
241', -
142 -
?.!)' !
61 S '
84
1314 !
73
18!; -
I4B
75 S
37!i
79
40 ',
145'4 -
31 ','4 '
79 S -I?
70 -
"'.)
'2', '
79 r,
501.. '
97
101 S -
121 !4
i-5'j
21 '
4DS '
05 S -1
2 ', -11
S
31
1 20S
12'i
00
iciis :
14 :
21 -
1S
63
111 'i
101 -
62 S -
13
22
31 -
48
7S-
124
6H i
40J, -
45
124
40 "j -
72
10'i
X.t
C'lice.
H
!'
'
!i
1
2"4
LOCAL LIST SHOWS
000 RESISTANCE
Early Declines Turned Inte Ad
vances Market Generally
Holds Firm
fc
j While mnt of tlir sue trnilnl In en
T. j (In Inciil stock rxclmnpc stieiiil t-nine ,
,? I fiirtlier ipllmrk in the early t-C"len te- !
u. tiny, tin inarkef qulrkly roverTd Itbi'lf.
1 .t i... ..a... i....n.i .rr.. I... ......a ..... '
llll'iii 1 inn linn 11 .iiihi 1,,, n.'iii,- us
uressive benr niierntnrs te fert'p )ltrci
te lower It vel H. mill it ri'MsMnj; ,ioer
npiicnrcil tlmt i)ns cffi'crlvp la ttirnini"
(lecllnes lulu nilviinet? In the lcnilliiK
(-locks nml lieldlitK tin mnrket Rcnernlly
11 rm.
TIip crcntest Ie.i nf the dny's selen
entnr (n the slinrc of the Amei'lcnn
Ship mill Commerce ("eiiipnn.v, which,
en 11 s'lli of n ten -.li iire Int. wai off'
itliiiekt '', point. l.l(lit tniilins In 1
! American Siores breiiclit n decline in ,
llitit stiii'l; early, but the leH wtis Inter t
mntjp tip.
II.) neon the list 1 1:1 il broadened ntnl '
fhewcil cenil i-trcrifttli. Tlip lienvlct
t nidi HR wits In l'ennsjlvnnlii Itililtend. J
Mlileli vnncil between -17'i nml -ITS.
Of the ether mil.. I.elilph Nnvlcntlmt j
wit- eff: linffnle nml Siisniiehnnn.'i pre-
2'4 J fi'ired was njirliniipfcil. n: was ulee 'cst 1
1 I .! r-py and Seniliere.
'i I The 1ne;il etillt) tur.lu wrtrrt ali-nn" I
i itinl In Heed detii.ind. I'niti'il (las liu
S I pi'evpinriil led In thi- section of tin
ft ' excliniiKP. but sold off. l'liiliidclplilii
" Itanld li'iiuslt w.m iiiii'li.'in"iil nml I' hil-
inl( Ipliin Traction wn off 11 point en
mi odd lei salt'. I'liilii'lclphiti Ceniiiniiy
prcfrripd -ni'i'lll -ni 11 fruition nml
ISiins I niil.t Suit wsi. lewi'v. t.iiiiti'
lieu M'lllm; of tlip 'reinninliM fnilpil te
I'limiEP tlii'lv rrinlins no-itien.
I Sellluq of tlip Liberty llend- wit, vc-
J -uini'il in thnt section of tin pi'limip.
the fetirili 41 is, l'.ll'.s". iiciiiii I'luiiiKiiU
bund- below par. l'liilniiclpbin Klpctrlc
lirst .i ivere slieni-. A b in k of (111-
I mrln Power Ti-. tn flu. ninennt of
cm iinii 1 ... iiui .....1
, ..i.r.eii... ll- IIIM'll III .i.i't illlll t-lilll-
j t'nitcil Killings ."s seld 11 1 M.
Te Our Depositors
Xfti ARE accepting for immedi-
' ;:.tc credit te our dene
m
c.
s
1
I'i
'2
"a
S
'
',
par and accrued intcrcst-
:positers at
Victory Liberty Lean 4
Notes, Series A te F, Inclusive
(Called for redemption
December 15, 1922)
United States of America
Treasury Certificates of Indebt
edness, Series D-1922, at 3
, (.Maturing October 16, 1922)
Wc
our
solicit your patronage for
Deposit, Safe Deposit and
Trust Departments.
PROVIDENT
TRUST COMPANY
OF PHILADELPHIA
Fourth and Chestnut Streets
Capital r Surplus and Undivided
Profits Mere Thau $7,000,000
ri
Philadelphia Stocks
Jl
Id -h
10. Ml, in-uv -:.
l.'i Am Sir-.. 1.1",
111 Am S ,: (' -"
inn Huff A: Stis
t pf... .".!
Orriij A- Alt ::
fl'id Kli'i- Sinr. .
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pref . . .
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O Plul.i 'l'viii
liid H. Ce ticn
Illlll Tonii lit lin
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100 W .Ici'ftS.
tNit
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1'llll.l)i:i.llll. IKINK-.
IM)ll I.ibeitr ."..1 -Pis "JS
lnoe l.lbi'i-tv tih !',- ':,-. .
-(ill l.lbevi.) lib I',-. 'lis, .
HID Aini'i- (In- ,. Kleetric
."(HI I'JeuiIe ft IVii Iv...
1(1000 (ll)tilli,. ',,,. .1
'-'Ollll I'hilii Ce .en- e-. . .
."iOOO I'lillu r.lei'tili- I- (,(!
1000 I'liiln Klfitri,. 1st .-,..
IIHHI l'hlli, ;e..J,.. 1, Te. ,
moo i'liiln i:iivin,. Nt .-,.
!MHI I'liiln Klerlrid-t .-,-.
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loeo I'liiln Kleetrie OsT...
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J LOCAL MINING STOCKS
iii i
' "' ' l i , ,
Iiui Mui-f
M-t--NjitM.il, i
I ' Mil
1 MW.we ,,.,
, Mi.p.tij Ktfiisii'ii
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An Efficient Service
for Investors
Leng Established
During a period of mere than forty years
this Heuse has provided efficient service for
many thousands of investors.
Private Wire Synlcm
Our offices arc all in direct charge of partners
or our own managers. The close co-ordination
of our facilities is fully maintained by
our private wire system.
Foreign Connections
Our foreign department is in direct, constant
communication with our correspondents in
Londen, Paris, Amsterdam, Antwerp, Brus
sels. Buenes Ayrcr. andjrthcr foreign markets.
Investment Service
We carry a line of investment securities,
carefully selected te meet the requirements
of individual and institutional buyers, which
includes foreign and U. S. Government,
municipal, railroad, public utility and indus
trial issues.
Statistical Department
The statistical department provides a Weekly
Financial Letter, Manual for Investors,
special descriptions of individual securities
and ether data of value.
('in-ri perd'jucc its invi irf
fmxe,JBMtt8cp
l.t:il.lhi'(J IKHO
1422 S. PENN SQUARE, PHILADELPHIA
Mfnibert .Nrw Yerk Stock lAchunsr
linntnn e.w Yeirh tltir-nn,t
, - ... -....v.,..,..
zv
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IE MffiBiSSiggSiS
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Service and Stability
2
'1
i
114
1
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t Ki-rlKh-n.
French Bank Statement
I'.ilN, - 1 'J-1 ' ' ' i- .1 'i-ine, . ,f
' H.in.. .r rr.irf 1 ii 'h it,, t,,i,ev.nc
i',iir04 li' I-.lis i.fl ' ' ' HP'l ti, r.i
'.' ii'.'i iiiii.- .i him-l -i-i!ii 1. pi 1 1 (10
11, i 11. .-.r. 1. limi .1.' iM li.M ill
rmijr .1inillh 0i-ei. I .1 (id'. Oil" .ni
- ,1 1. null' ii'riMHi-J Hi 1 i 1 f, r, i,u, is
ui ' I in if n.i! 31l.(l'i'H- ildtir 10-
reai"l ."..'.'. IK DUO 'h H'a-e rp ) lull
hi mm franca te the bin,.
120-Year-Old Firm Bankrupt
Illrhmend.
I're'rn (O
n.
Inr.
Bl L'S
UtDlim in
-- lli)lfllri
iinr.tnr am
Raw Sugar Quiet but Steady
r lurU. Sir' - Thn r.i- unar inir
let vni etriremelv fuit bin (..cans. 0 huiMlnj materlHl. mn 0,1111, in'tn .uiunt..i'
1 ul,n f ,r hoptemii- nnd October rh'pnii'iit, 1 .iriWinpicy niter nnrn'im uniiiterrii.filh
iU-jii I u' t te aU crnm, " nml fr, iKtii I ter I'M ear, Husltims ilevremiiun and mhri
Hf"ner ti' the inuinenl npve'r liKl.tfi-irn' reverala er' rvapeiiilMe it in unlil 'I'he
-.inrHi 1 euri llHit-u in) lla
ncrn at tS'.TH. Willi a-
BAR SILVER
Thfre wem 119 Halm reverted jeilcriUy ini- n,tuinn filed In l"(l
pi nation liuluilrrl irt.OOl) l)ad I'uhaii te 1 !,imea of the cenci
thn Natlenn' Sui-iir Itennlnit Cemimnv mid tvl of 13,i."J4,
Parlt Bourse Irregular
Ant.rlen Huirur
lieflntiie Cninnuiir The ecul rennea nmrKnt
IOOO bag Cuban, te Urn
la trlfH mere act I'm n ni. prices m
unchanmd nt M eenti. le S ,Pr cent
1 KrpnI. Th T-oderul 8ur Iteflntnif Cem-
Demntlc bar "llyer wii unchingid In New piny contlnueite offer nnjdtfl am"unt of
Tork today, et OaUe Mr fine mine ferelwi. rnultl In b of 100 PW'; each for
9e. off '4c. In Ivinden the. vrlee I tha account of hem It rnay eonecirn et
UHUtra it 3"i(JJ. .. 7 "i"0 centf, lei 2 per cet.v
t 1
rarlt). Sept. !!" I'rlrei mevel Irrevularly
en tha Oeuraa today, Thraa per cent rentea,
eOf BBeV Kxchaiiaa 01) Ixiniien, Bf. jcu,
?.f eent lean. lit. Tha dollar wus quoted
at i;u ;.c-
I DIVIDENDS DECLARED
u'n I'undei inxvaii), nuarterl. P. y'
I tent en pr'ferrrd, p.ilil Xuernbr 1 te
I Btei ' ..f r"(eirI Octelr '.'D.
1 l-iriHiene Tire nil. I ltnhl.fr f'empanv nun
1 1 erl l' I'T cn' (.11 il rer en .refrrnl
'in 1I" 11 tehei 1" 10 tDCl: ff r,iur, Hi
1 ti.1,1 1
1 I'l.a'uin 1 ial iv.inianv. nuartin S 1 .'.,
ni .Miitnnn mill S'-1 en preferieil. ivmiIiIu
I Ni,m lilb.'i 1 I" lncl. of re .ir. llctubti I'O
I New Jernej 5ilm I'enipnii. 11t1.11 leilv a
V! lent tin nijln Njpml.er I'i 10 1 t jc Ic or
1 ,.-.-,ri iipi.,i.i.i ni.
II. II M.n v V t'e. 'I'lnrlerly 14 p. r
i.ni en preferred, piMilili. Nnnniber 1 10
atiieli of rcur.l O. tebT H.
CeiitlrieiiiHl Stoter forpeintlon nunriir.v
1 I'tr cent en preferr.! imjnhlu Oeteb-'r
I." te me. ! of rece-d tlcloler 7.
,Ne(.iiil I'r amids ('einpunv ijuar.
terl) II en rominen. inenble Xrurmhcr t te
Finek of ireerd Orteber 111 Jl 7i en lereml
prefern.l. nnd II M) en flrnt rreferre.l leth
pidrIiIk Pcceiubtr 1 te tecU of record Ne.
'lleanin C'oneUdatd f!a Company, nunr
frl) '.' per (ent, i-iyahln Hentunibnr ".'II, te
mei ' of icrenl fepteiiiher i'
iljiiile ItilltilnB C)nipiui nunrinrlv
tl ;,'i 1 1 iirifi'iri'.l fl imjnlile Viimlier I
i, hiiKl en reienl Octnlur 1
Ii nu itre iilx-U.i mini htm Weaimn Itntl
uii Ceinpum. iii.irirl:- :i pei cm p.i 1
I, h e teticr 0 te al-M ii of rec ir.l Hl.eI.ci- 7
I
Bank of England Statement
1. 0111I. in. mi" '.'- 'I he weeKl) ii.it Oien
,t ii.,. 1 1.1 tile nf liu irif) ml elinwa 111 foleuuiL.-
ehaiia Teut eiiH deertnivil t'lTS.OOd,
elrculutlen Incn lined IH77.U01I! bullion In.
ereii-d (I'M, ether Kieurltlfa iIcii'iihi Vi,
'OH.OOUi ether ilnpealta rl"creeil f t .TO.'t.OiJ 0 s
iiubll'i ilciiealta Inerenafil. (1.0(8.0001 petea
ioiedb Uecreaaeil ll'Ti.OOfis Clo)eriiineiil f
rurltlea deeHaiea I4NJ.00O. Th proportion
nf the ImuU'a ruerva fe llahlllty thla week
l jn,(l par cent iat ,weeK it iim lo.ei rer
Thirty-fifth Annual Statement
te the close of business September 2,'ld, 1922
ASSETS
Cash and Leal I'f serve
I'. S. Cjevci'iiment unci Municipal Sevuritic".
Other Investment .Securities
Mei tunics
Ceinnirrcial Paper and Trade Aecppuuiiics.
Leans en Collate! ul
(Mike lluildinir, Viiulth and Furniture
Mi.-eellnncetis As-eti
TOTAL A SHIM'S
IJ ABILITIES
C apital
Sut plus ami I 'iidi uied l'reliii
Popehits
Hills Pnyablr ,..,;."
Dividend l'a.vab'e October 1st, 1022..
MiHM'llniK'inu Liabilities
TOTAL 1 IAHIL1T1KS '.
. .?l,0(W,78:).6l
065,182.26
, . 2,18,743.51
. 1 ,480,093.00
. 2,0e,3."3.9
. ..8:;t,214.4l
125,001.0"
24,7li;5.C0
.? 12,00(5, IfiCI'
. 5500,000.00
, . 1,006,700.14
. 9,001,048.93
300,000.00
50,000.00
27,42.1.38
. .S12.69G.1B2.13
Integrity Trust Company
Fourth and Green Streets
Capital
Surplus and Profits
$50000
$ 1, 90000
-iTT-"-!!-'-:!-
WE OWN AND OFFER
INDIANA SERVICE CORP. TENNFSSF.r f.i F.f . PR. CO.
1st & Ref. 6i due June, 1947
eiirfd b n iiierlgas,""
nrinill,. nt n erfM l' .-
hrnlniri 'er t'
Te Yield 6.20
cent.
k 1st & Ref. 5s due Jan., 1950
l" I nti-ei'Mi! imiiili.. - .,,, ,,
7j enrnlnun lueied m tint unni ni
11 tilal aeiihii ln.S, s ,,ii.U ,.s ,
tt )IM sliOD' li.Hlil
Te Yield 6.00
ARTHUR PERRY & CO.
Sireiwh
lin hi d'
1 '' i ri. (.'ernpjti
(lie beriil Irlete,!
BOSTON
Inutitmcnt Bend
T
J!SSS J-ai'af,yette Buydn-. PhiUdelphln Pre
ieW.i
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