'fy4-f J-v ""s.'sf-ss " W'V'v'"'' '"i rTeT77 ''-r-'JS - 'V 5rawJ 'Mfw I.A-'-VJf tv s -..!, Ymw. w s- .. V. I5; 5"V w- EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY. OCTOBER 5, 1922 W ' 26 mSWY v m 1 7ir- & ; Cries Service Ce. Investment In the Preferred t and Common Stocks of -this Company combines the !s diversity te be obtained I through the purchase of r 'the securities of ever 125 different cempnnies, 'Cities Service Company a Leader in the Public Utility Field through its subsidiaries, supplies necessities te mere ' than three million people. j Send for circular en Pre , fared and Common Stocks Henry L. Doherty & Company 604 Merris Building, I'hlla., Pa. I'hnnc Spruce "Ktl5 v If 11 I'ii J. 3r EQUIPMENT TRUST CERTIFICATES i i SECURITIES DEPARTMrNT COMMERCIAL TRUST COMPANY Member Federal Reterte System City Hall Square, West 11 i r u m& . - i'l ! i 111 ' Mil Sp"8200 !i 1 ni iiT R if, Tax Free in Penna. Legal for Trust Fundi $30,000 Narberth, Pa. 4y2 Bends $5,000 Due Aug. 1, 1927 5,000 Due Aug. 1, 1932 5,000 Due Aug. 1, 1937 5,000 Due Aug. 1, 1942 5,000 Due Aug. 1, 1947 5,000 Due Aug. 1, 1952 Te Yield 4.10 A. B. Leach & Ce., Inc. Investment Securities 115 Seuth Fourth St. Philadelphia fv " i 31 9 3 SAFETY OF CAPITAL Is the cardinal feature Revernlng successful Investment A sub stantial Income yield Is also de sirable, and elllclent management Is Imperative. We are offering two first closed mortgage bends of corporations whose activities are nationally recognized Security, earnings and manage ment unquestionable. Combination yield 7"'j Cescnpfde feltlrr en rcqurs' Fairman & Company Drexel Buildins, I'hila. EitaMlihed 1902 f 'orrrjpemf n't Lawrence Chamberlain&Ce. 115 Broadway, New Yerk I trsissi 'inrmm.m,, .i. ' 1 ihi e nir iji-j.j .- ii M Januarj I , , Sjr O CK. . Man n Bar Vicksburg, Shreveport & Pac. 5s, 1941 Cudahy Packing Ce. Sy2s, 1937 F. P. Ristine & Ce. Widcncr Buildinf, Pbilidtlphis Hw Yerk Elltbth. N. J. Iltmitra New Yerk and hl'edrlpWa aiec fvnQtiycfl Metropolitan Kdisen 6s, 1U.V2 Empire Gas & Fuel Cs, 1926 Lehigh Tower Securities 6h, 1927 Standard Gas & Klec. 6s, 1926 Ohie Power 7n. 1951 American Gas & Elec. 6s, 201 J General Gas & Electric Gs, 1929 lvl .tf American Gas & hlec. Common Lehigh Power Stock American Pew. & Lt. Common AUER, STARR & CO. Und Title Bulldln. Philadelphia Ntw Tork Office, Recter Street Direct l'rivate Telephone bet Offices Cudahy Packing Ce. &M Debenture Bend Price te Yield 5.50 BkRSEvr Bres. & Ce. 1411 Ck.itaut St Philadelphia V m ' FURTHER ADVANCE N STOCK PRICES Sales 600 100 100 100 100 3S00 700 1330 300 200 100 700 200 11000 100 100 100 50 200 100 100 200 100 100 3600 100 200 4500 100 100 16M 000 2030 100 330 100 100 100 100 6200 30500 100 100 100 100 "00 200 4700 200 200 700 100 2500 103 3330 200 700 2033 1100 100 800 200 1100 100 10 700 700 7503 3403 1300 10800 200 100 Easier Meney Rates Encouraged Pronounced Widening of Peel Activities Vew Yerk. Oct. .".Fur Hie fifll" consecutive ili price mi the Mne! market nilvitiiccil its remit of tin easier inniie.v riiti'H. increnscl outside jiaitlel patlen, luck of effective oiiesillon te jioel operation' anil further rumors nf tock ilivlilciul.s. While the Imyinj: wave t'lnliraci'il virtuall the entire Hit spec ulative Interest centered still in the oil share. Although a tensiilcriililc vol ume of profit-taking was encountered the fenwitd vwlim was well silstiilned throiiu'lieul the session. The a;rei inent reached in the Near Knst sltiintlmi cleari'd the mad for a further extension of activities en the part of the peel and ether speeiil-itlve combination.! The dlsappearaiu f the war cloud vvns ilirectlv n llected In the tuatcriall rail) and strcuclli nf ster tlnir cv limine. Fer the tnemeiit, hew ever, it N quite elivlmis pei iilntlve en- thusiasm s dlrtinn en the se-Killed melon cutting riiiaets. The iitineiitii i meiit of the Standard (Ml of California, 1IMI per rent stock iliviilenil. according te tlie current gossip, i- mil a starter of coiitenipl.ttej "apit.il reaiHustmenl l the lending oil tonienis and ether Industrial corporations. Speculative cliipie-. found additional incentive for redoubling efforts in jui-h- ' lug pi-Ires upward In the casing of the ment. market conditions. Call nieiiej opened and renewed at I per cent, and from all reports there was liberal of fering of funds nt that rate. In fact, the siipplj ,S fir in excess of tip 1. 1 iii.-iiiiI. Ki-itinptinn of the liming nn mcir ' l"ok place at flu outset with tl i- incl specialties leading. The St.illilnid Ml Issues were once mere tin liadiug attractions, but the) weakened after the initial show of strength. Attivitv. ' however, was preniptlv shifted te the ether domestic oils. Fierce (lit preferied being particular! pi-miiim lit, but there ' appeari'd te lie a cetist.iutl widening I iletiiaiiil for the entire group. Mexican l'etreleum crowd taking .elvnnt.ige of tin situation pushed their faveri'e te the fieiit te the tune of ncirlv ." points. In the meantime renewed and ag grisic peel operations were niiparent all eier the list. Ceca Cela, which has been bought heavll) en speeuluthe he lii f that extra dividend disbursement-I are near, was pushed up -. points te i new hili rtoenl. Consolidated Cigar. nieiicati Can and Timken Heller F.enring aKe sold at new peak prfus. The American Woolen Compani's an nouncement of i it i reused prli r- found expression in a etu -point ri-e In that ceinpaiii's stink Stitdcbaker wa iiuie ' aittie, rising :! points, ami I'ntii!ii Cereal was lifted up J'-'s point- 300 500 600 100 1100 330 100 200 100 200 100 430 3200 100 100 330 100 200 5100 200 Commodity Markets ' GRAIN MARKET Chicago, Oct .". The wheat market' opened linn at ' te 1 si higher and earl in the iia, was cr steady with small elTers. The I.ierpel niaiket was much tinner than expectnl with prices td te Id higher, ltmeis abroad wire' ciileiitl.v nervous ever the iiiesteti of siipplie.s. With the political situation in F.urope es of i feature, the trade was cetiti ring lis attiatieii en trnilie niidiiieMs which were serieush inter-I I ill r 'S the flew "f gram te mutket. I i Cern started -,, te 'e- higher and i ruled steadv, e.xci t for IiisPiaher whii li , ri'.n ti il under tiretit -taking. I 100 1833 733 330 103 233 330 200 3700 700 1000 7003 733 20603 100 100 1430 200 200 100 100 503 3930 100 210J 8200 2203 100 2600 100 4400 100 6033 2703 100 200 200 300 700 1100 1100 100 2200 330 2130 100 4100 2030 tee 1330 1333 400 430 1033 200 200 500 100 100 7730 100 100 vO j' 100 1 03 1C0 no 203 1250 200 2:3 103 803 J j J 630 100 100 4v0 130 45 jO 100 200 100 300 500 100 2100 330 76 W 200 1UJ 300 303 203 400 700 900 500 700 100 . 100 2J3 i'ats were iincliang'sl te i,e higher ' w itli only a quiet Iniib' ' Previsions were inactive nml un ' unciiaiigrd. LLLt I'ern Pf- v , ry-Mi lg N ten -Pi. V , Ol-Ml no', ill f IC, lllj I'.'.' . II llj", U3 'II1, t! '..IS n,-e no', in, v 'H ni Mn Julv VVh .!- Mh Jul i ints- Ii-r Ihi Julv rt.v n.c Vlav I..ir.l iti I Jail 1 Oil 1 lls 1 "-J as. -' :is'4 1 eT 1 Its' 1 II." ffi 1 e; 1 117 1 "S I 1 ...'. , an I -co., I is-, j TON i as', .iiiH, ft .fs'. .in-- 73 II 10 COTTON MARKET New Yerk. (let. ." Prices of cotton I futures opened ". te l.'l points higher. The trade was somewhat mixed, with Wall Street en both ldes of the mar- ket and the Seuth telling, pnrtlcularl.v ' the Southwest Foreign and domestic ; traile interests bought and cables nt the eiiir of the start "f business her were j quite nrm Japanese and New Orleans Interests sold After the outset, the , tone continued firm and at the ml of the tirst fifteen minutes quotations I were about 1 points net higher. Yett clot. Cipn JO .-..-i J.l "s . 'jn til 1 'is . go. se un (hi . "JO in .1 i 1 21) 'jn i I 20 il". ".'(I 7J NEW YORK COFFEE MARKET New Yerk, Oct. .r. The downward fnriil of values centinutd in the toffee futures market today, tlnal prices being 1 te .'! points lower. There scene d te be selling orders in March from Kuinp'.iii ni'i rests Cables were again di-np-peinting. The market's recent Incline efi the sitiui'leii open te an upward reac'ien ind it war net tlitliciilt. hit. in the fornetin, te atlvance prices 11 te 7 oemts en a small amount of -hnrt tev- tring Ilecember sold liein He nml May from .'Xr te be ineall.v. the inarket set m- te much tinner position. 1) en. her .... s 'i 1111-, Hec te Tech- e In a Opi.n 'i 1 fi en s.0ti ft". H.TV'i.. R sens: s 70 Mar. h sii-.'KUi. Vim Jul'. t-MUeniljer s ii -. s s.'t s i; FOREIGN EXCHANGE New Yerk, Oct At the opening , of the market for fen'lgn exchange te- j din sterling was tin le.iture, with aj new high en this inn Hate advance and , II gain of 1 cent ever .vesterdav 's close of -l.".'li for cables and 4.I2 f.u ileiijiml. This advance was rrgnrdi I as further assurance of a peaceful e.ii eeine of the neC'itlntlnns in the Ne.il Fast Francs gained a half. ridgUm- I were unehiinged ; lire rose 1',, SpauUn I It. Ni rway 1. Swedish li and guilders .'I Swiss showed a less of a point Marks were ' above the eMieme low record. Quotations were: Sterling i nbles . 4FJ;li, demand l.-l-:,s ; franc cables T.Ci'J 'i . checks i tlC'i ; lleiglan cuhles ill. checks i .l.''i . lire cables I. lis, checks 4.-J71.L- Sw pi cables IS. 70. checks cheeks checks checks 1H.I1" peseta Dullish Norway Swi'disli cables cables eiib'ei, i nbles 1.-.2I. 2i IV1, 17.77. Jll.iIO. as.u. Ifi. J2 : li(i.."5 ; 17 "U: liecKK 2(1..V ; guilder allies i hecks, .'1H.S1 ; marks, .(Ha,. The discount of 1 -H2 per cent en New Yerk funds continued in Montreal ludiiv. Cauiiillan funds in New Yerk ' , . .... ..... were iincliiillKcn nt iiueiiiiinns ui nir iitmanu te l-JI'J tier cent lireillllllll. barely YKHTKIUMY H CIXWINU QUOTATIONS I pei.ita Sterllnit Franca Um liuililirs er" Demand . . 4.41 7 ill 4 20V4 UN 7 bales Cablea . 4 42 7.112 4.27 US. hi (n TODAY'S OI'ENINU QUOTATIONS I StcrllnK rranea I.lre pullderi Demand CMLlva , 4,124V 7.111 4.2TH la. mi 3b tJU l.ly " " i..: a NEW YORK STOCK EXCHANGE TRANSACTIONS Only Afternoon Repert in Philadelphia Quoting Full Lltt Plv In t STOCK Hluh .. Adams Kxpress. . . . 8216 .. Advance Itumely... 194 3 Advance Itumely pf 56 . Alaska field Mines. H . Alaska Juneau Q M 1 4 4 Air Induction 64 4 .. AJ.ix nubber 16'4 4 Allied Chem & Vy 864 4 Allls-Chnlmrr 58 . Am Acrlc Chera 38 Am Ucet SiiR-nr pf. 78 . Am tlesch Magneto 43 4 4 Am H Sh Fily new. . 00 Tli .. Am Can 66 4 T.Atncr Can pf 5094 12 Am Car A Fity 108H 7 Am Car & Fily pf. 122 . de Odd Let 12214 . . Am Priig Syn 64 8 Am Fxpress 143 . Am Hide & Leather Mti . Am Itlde & Leath pf 724 7 Am Ice 1134 6 Am Ice pf 90 .. Am Internat Cerp . 37 xi l!l Net P. M. Clme 01 - 1 19 4 Vi 56 H 4 14 62 f II 16 - ', re 4 4 k se H 30 70 43Ti Mi 804 4 65', 4 1094 188H 4 122 1224 6 4 ti 143 14H H 72 k H 1134 4 90H H 37', 4 12H 38 120 '4 14 48 4 I 1 1094- 4 128 k 7 22 4 62k ' 45 1044- 014 4 1094- 4 63k- 1 U5T f 2 4 k li 1644 4 160k 4 k 1064 4 25 51 4 - Ti 91 k 4 101 H Mi' 109k 34', 4 20 1, 56 t I 53 4 4- Ti 46 63 14 85 126 ,4 105 k -i- ' ; 93 4 4 2? . 121 4 4 1 Ti - 4 31 Ji .. 22 1 4 1250 20 4 3 36 k - 4 1384 1 Ti 56 4 k 643 38 - 14 27 - Vi I 117 4, 74k .. I 34 ..I 24 4 4 62',,- 4-, 1354 Ts ' 48 k r 14! 99-1 I 7k .. I 34 4 f 4 ' 21 I k Ilk- 4 , 85 ', . . 65 k r 'A 94 147 4 1- 4 42 4 I 80 ' 4 , 40 4 4 , t3k 1H 74 "3 4 105 4 4 4 I 4 I 41', 24 633 6k - 4 ' 32 k r 4 1 51 4 , 92 'a 1 S 122ij 1 4 45 T ', 93 k 1004 26 k 30 - 1 78H 1 4 34 4 50 4 111 3 "a . 12 49k - k 464 - 4 i 73 "3 34 41 4 4 1 81k f 14 j 139k 4 4 I 1 1 Ik 89 k 4 , 90 - 4 1 120 - H ' 1204 H 49 4 . 100!,- k 1H E6'2 f 1 96 24', 4 97 144 4 ' 38 1 494- k 22 k ' 4 1364- i4 140 -I i4 1141', 4 r, 38', 4 ' 151 - 1', 86 - H 56 - 4; 85 ? - ., I 16", I 5)f 4 194 T Si 18 98 H 104-4 1 V, 61 : ,4 125 I ?'- '! n ! I 4 -J'l k . 67'4 . 14 102 , I 44 ' k I ' 1 2H 79k ' 4 IfiO 14. I 4 r k 3t, 4 82 134 . aj 94 4 -I 40 ij fci- k 1?4 f 4 86 1 t 1 H 274 - 4 85 4- u 21 k - v !3 1 1 n 4i - 4 40', Ik .'' 4 33 f- 14 29 I 1 234 k 112 1 I 15 4 4' b1 4 -f !i 1 '74 1 li ' 29 - ji 58 4 f ;, '6H t- 4 47 J, 0, 19 4 4V k - ', 44 . t.ew 01 H 19 4 56 H 14 61 16 05H 57 4 30' 70 42 4 00 H 65', 109 4 1B8H 122 122's 6 4 143 14H 72 Fa 1134 90 37 ',, 12H 38 126 4 40 4 109 4 1Z7 7 22J's 62 4 44'b 104 4 014 109 4 63 1?4', 4', 1C4 4 160 106 4 25 514 914 100 109 34 19S 16 r3 46 61i 05 124'a 1C514 y2' 2 121 a 1" 31'i 22 1250 19-j 36 k 136H 56 614 30 27 117 45'j 74 i 33 Ti 24 k 62!4 134 4 48 9 7H 34 '4 21 1 1 -vi 85 H 64 Ts 9 4 147 4 ' 42 BOH 40 62 4 74 4 105 4 3 4 41 614 6 4 32 51 92 4 1224 44 k 92 4 100 4 26 H 30 78 34 50 4 111 3 4 12 49 46 U -,3'i 41 81k 139 10 C9k 90 119'j 120'', 49 4 ICO'j 1k 5', 96 24 1 4 97 14H 37'i 49 22 4 1364 140 114 4 37 k 151 es", 56 E5 4 16 4 ;sk 19 18 8n 103 4 60 k 125 94'i, 13', 23 H 67 4 102 4 t3H 96 4 79 k 180 14 4 85 7 4 35 82 31 4 12k 94', 40 8 4 12', 86 27 4 05 21 k 23 115 44 40 Hi 3', 32 4 29 4 23S 112 15 4 61 4 17 4 29 58 4 16 4 47 " H 19k 49 k 4 1 Am L..i France KnB iz?a Am l.lnsecrl 38 ' 6 Am Locomotive. .. ,128'b .1 Am Metali 48 & 7 Am Metals pf. ... 109' i 4 Am K.idlater 128 c Am Safetx Razor.... 7 Am Ship A Cem.... 22'i Am Smelt 62 J4 .1 Am Steel Foundries 45 7 Am Steel Fdys pf. 104i' Am Sugar Kef . . . 81 ' 7 Am Sugar Itef pf 1C9' Am Tel A Cabe... . 63 U Am Tel & Tel 125h Am Tel &Tclrts. . . 4H Am Tobacco 64'j Am Tobacco D 160H Am Tobacco pf ncw106',i Am WaterwerKs. . . 25 Am Watrwks 6T, Pf 52 Am Watrwks 7rc pf 91 s Am Woekn. .. 101 H Am Woolen pf . 109Ji Am Writ l'aper pf 34'- Am SSInc Ld & Sm'.t . 20 Am Zinc Lil & S pf 16 Anaconda Copper. . . b3' Ann Arber pf. ... 46 Ai-se Dry floods... 63'i Afse D floods 1st pf. 86 Atso Oil 126'i Atch Tep & San FelOG Atch Tep & S F pf 93 Vi Atlan Hlr & Atlnntia 2K Atlantic Coast Llne122 Atlantic Fruit .... 2 At' C.ulf h W I S S 31 Atl O & W I S S Pf 22, Atl Refining 1250 Atlas Tni.k Cerp... 20 e Austin Nichols.... 37'i 20 naldwln Locemotlv 1j8vj n.iltlmere & Ohie. 56 h Barnett Leather i Harnsdall Class A. narnsda'l Class 11 64 40 1 i 27 117 45 H Tlklxn L'nlen (las. 1000 4-e lleechnut I'ltckinR Ik-th Steel B... 74 i Hrlt Em Steel 2d pf 34 llklvn Rapid Transit 24 : Brown Shee. 62' 10 Burns Bres A 'i Burns Bres B . . . 7 Bush Term Bid pf. . Butte Cep & Z'nc . . Butte & Sup Cep . . . Butterlck Ce . . Cadde Ccn O & R C California Packing .. California Petrel.. . . Cal Zinc and Lead 10 Canadian Pncltlc. . . . Central Leuthcr. . . . . C. n Leather of . . . Cerre-de-Pasco . . . 6 Chandler Meters. . Clvs.ipe.ike & Ohie 135 48 H . 99 . 7'i , 344 21 11 ' 85'i 65 H 9'i 147 '4 42 80 H , 40 , 64'i 105' , 3U , 42 103 6'v Ches & Ohie wl.. Chicago & Alten. .. chi 1: III . . Chi & i: 11. (new) pt 63 ' . Chicago & Or West b'-a .. Chi Mil & St P.. . 32 . Chi M & Pt P pf . 51 B i"")! n Northwester! 92 'a 7 t'lil .1 Northwest pf 122 '4 . Chi P. I & Pac 45W 6 Chi It I & Pac 6 Pt -3 7 Chi lt 1 & Pac 77c pflCO'j .. Chile Copper 26 s . . Ch'ne Cooper 30 4 Coca-Cela 79 7 Cel Fuel & Iren ... 34 a Ce & Southern .... 50 V2 6 Celum Oasi. niec.U1 Celum Oruih .phen 3 Cel rirnpheph me pi 1 Cem Selvtnt A .... 49 H Cem Solvent B .... 46' i Cemput Tab Bee. . 73 Consel Cigar 42 Cen cigar pf 81 i Consolidated Oils.. 139re Cen-id Textiles ... 1 1 'j . Continental Can... 90 i fi Cent Insurance. . . 90 4 Cern Product Hef 120', 7 Cern Prel I Of pf i20'-8 4 CosdtnfcCe 49H 7 Cesibn A: Ce pf ICO'i . CefUn &Ce rts. ... 1 Js . Crucible Steel 6 s 7 Crucible Steel pf .. 96 Cuban Am Sugar. . . J A' 7 Cuban Am Sugar pf 97 Cubit Cane Sugar 14'2 Cuba Cane- Sugar pf 38 Davisen Chemical. 49 4 Debeers C Mln Ltd 22 ? 1 Delaware & Hudsen136'i 6 Del Lack & Wet...14H4 5 rvtrelt Hdlsen 114's j Deme Mines 38'! S Du Pent (E. I) Ce. 151 rnstman Kodak ... 66 4 3 Klec Storage Bat... 56'.. 6 Endlcott-Jehnson . e5'j Lrle 'SH . r.ria 1st d f-;5 Lrle 2d pf 9 - . Fairbanks 'B' S Famous Players te, , S94 Famous Payers pf104 2 C Fed Mln & Smelt pf 61 in Fisher Bll' '. X Fisher Bedy of O pf 94 , Klslt Rubber ' 3 '- Kreepert Texas ... .4'4 3 tjen Am Tank Car .67', 7 Oen Am Tank pf 102, . General Asphalt.... 4 5 GeneMl Aspnalt pf. 96 's 6 General Cigar 79 k S Gen Electric 1E0 General Meters .. 14 'j 'j Gen Meters deb 6T 85'. Goldwyn Picture . 8'8 Goedrich B K . .. 35'i '7 Goedrich B V Pf 82 4 .. Granby Mining .... 31'4 Oray & Davis ... 13', '7 Great Northern pf . . 94'', 4 Grt North Ore ctfJ 40', Gulf States Steel.. 68 '2 Guantnname Sugar. I2',s '7 Hi"l''l!'n CerP-- 86'i Uenden Mfg 27', Housten Oil C6'8 '" Hudsen Moter Car 21 ? 1 Hupn Ml0r Cttr'- " III Cnt "A" 115 Indlahema Hef 4H " inspiration Cen Cep 40', ' ' Inter Cen Cerp. . . 1 H Inter Cen Cerp pf. . 3W v.' Internat Cement.. . 33 'l inter Cem K11K. ... 30 Int Great North wl. 23 'i lnt Ilarvtster new .112 Int Mer Murine. ., 15', '6 Int Mcr Marine pf... 61 4 Inter Nickel 17 H Inter Hapld 9 International Paper 38 J. '.', Invincible Oil Cerp. 10 H 's Iren Pred 47 ft iBland Oil M Jewel Tea 1 9 Jenes Bres Tea.... 49, '.'. Kansas & Gulf 14 Liverpool Cotten I.lrrintinl. Oet. fi There wan only n f.ilr , Prices Firm en Paris Bourse Pnrli, Ou 5 pritea were firm en the Jlnurne teiUy Tlin u isr cent rrlileH, ft'i rrants no (.'Mime,,, exchanue un Innlnn. .is frniirn l centime , ft per cent lenn, 77 friinen l,i n-iillinm The tlellnr was iiunted ut Hi france , ietlme m .... ffttr,n tiv.nv. wllh nrlH. ier i,. - . mr - mly en the basis of a decline of 7 fur mlddtlOK lit M'" l"1'""1 lne 12 2nd The H-ilee! receipts were 40011 Futures were qult none American ,hB ,.ry deallnefi Hpnt prleeii were, BAR SILVER Domectle bar ullver waa unclianced In New Tork today at liliU e per fine ounces fureUn, "",i, .lii of c. in Londen, tnt prlee viua Hd lentr at 33'i. I -. American, middling 'mTdd HI 411.1. Bend mid. llm.-. 12 44d. mid- dllna. is. itutl I low mlddlinir. ll.bUd. Koetl of illnarV, il 04d, nnd ordinary, In ft id, Dlv. In I J-TOCK 11111 4 Kan City He pf 50 .. Kayscr & Ce new. 46k .. Kelly-Springfield .. 44k 6 Krlsey Wheel 100 .. Kennecett Copper.. 35 Ni .. Keystone T & It... T 7 Krcsge S S 1874 3 Lee Rubber 26 4 Snles 300 100 700 300 103 r 200 200 Txiw 58 46 k 44H 100 35 7 4 107 4 26 4 68 k CI 214 50 k 94 k 69 34 4 54 53 k 50 4 43 41 4 60 24 40 31 40 k 58 4 184 130 k 17k 184 194 16 4 :or 13 34 k IB", , 43 214 59 4 73 22 Ti 17 4 104 1094 59 k Mi 64 4 107 4 16 814 40 4 14 97-4 87 91 36 60 30 Ti 121 96 46 86 10 2 26k 10Ti 41 4 4 85 4 5B 70 4 74 64 48 6 4 S5 21 37 k. 73 V 77 Ti 44 4 i3 4 144 34 4 6 41 43 60 39 111k 111 40 ', 47 96 4 131 ' 49 32 4 1Z3 15 4 78 k 73 32 4 57 4 2 4 56 58k 10k 29 4 50 4 33 53 4Ti 11 91 10 39 4 34 Ti 90 k 114 94 26 63 k ?04 131 4 206 k 117', 56 524 56 4 128 6 k 6 4 2 k 10 40 k 59 ' 30 25 k 21k 144 31 63 4 84 'J 1084 72 4 60 14 75 194 150 4 78', 115 37 4 175 62 i 50 152 32 U? ek 224 64 4 98 4 66 k 53 99 "t 103'j 122 4 60 :z 47 19 4 13 4 12 32 4 ?ni 14i 85 109 14!i 17 63 1144 100 62 k 13 32 4 51 0 12 6 4 44 29 4 70 4 10 4 100 500 3H Lehigh Valley 68 Ti 400 SH Lima Locomotive... 61 700 .. Loew's Inc 22 100 .. Mnck Truck 50?4 200 7 Mnck Truck 1st nf. 93 100 200 100 400 400 200 100 400 200 300 100 1200 100 500 400 000 32500 4 Mnckay Ce pf 69 . . Magma Cerner 34 4 7 Manhat Kiev Guar. 54 .. Manhat Kiev ctfs. . . . 53 4 .. Manhat Kiev Sup.. 50 2 Manhat Shirt 43 .. Market St Rwy pf. 414 6 Mar St Hwv pr pf. . 60k .. Mar St Uvvy Id pf.. 24 4 Marlnnd Oil 40 2 Martin Parry Cerp.. 31 .. Math Alkali 49 'i .. Max Meters Class A 50 4 , .. Max Meters Class B 19 8 Mav Hept Stores... 130k 1 Mrlntyre Mining.... 18 4 12 Mexican Petroleum. 1894 6 Me.x Seaboard .... 194 6 Mex Seaboard Oil ct 164 2 Miami Cenner 29 10 188'j 19 4- 164 28 4 13k 34 104 4 73 -22T4 17', -10J',-191 59k 14 64 4 4- 109 4 4- 4 1 16 - 01k !- 700 500 200 400 1.20 Middle States terp 13k 100 .. Mltlvnln ,. 34! 300 .. M Knn x. Tex (wl) 18 4 1C0 . .Me K & T (wl) pf. 45 5b 1900 103 200 200 300 . Missouri Pacific. . .. . Me Pac pf 3 Mentana Power. . . . , . Montgomery Ward 1 Moen Moter Car. . . . 22 59 4 73 22 Ti 17 4 10 4 '00i4 Mether Lede Mining 500 7 Xai niscult 192 200 .. Nat Cleak & Suit.. 59k 100 .. xnt Cen & Cable... 14 4000 .. Xnt Kn & Stamp... 65 4 2600 6 National Lead 1094 1300 .. Xnt n It of M 3d pf 4 1003 ,. Nev Cen Copper... 16 4 700 G X O Tex .t Mex... 81k 203 .. NY Air Brake 404 1800 . . NY Air Brake rts... 14 1100 B X Y Central 97 900 r. NY Chi fit St Leuis . 89k 100 S X Y C & S I. 1st nf 91 400 2U Xevv Yerk Deck.... 38', 100 New Yerk Deck pf. 60 New Yerk X II A H 31 4 2200 1333 4203 830 1430 300 1030 670C 200 1500 1103 303 13500 8300 2100 200 1400 3003 Norfolk & Western. 121 4 1214 98 46 86 k 10- 2 4 42 4 - 85 4 4 4 V54 4 64 48 6 4 95 21 -37 k 73Ti r 77 Ti 44 ', f34 15 i5k 4 6k 50 f 43 -60-39 - 1154 4- 111 49 4 47 r 97 1314 I 49 32 4 I 123 r 154 79 4 4 73 -34', 58 24- 57 4 58 4 10k 33 4 53 k 4Ti 11 91 10 39 4 36 f 99 11k f 944 -254 644 20 k r 1314 207 4 117 4 574 t 52 4 t6k 131 f 6k - -6 4 -2 10 - 48 Ti 59T'e 30 26 22 4 1 44 k 31 4 64 4 4 6544 108 4 -I-73 60 14 k 75 19 4 I- 150J'a 70 4 115 37 4 175 fc4 I- 50 4 152 32 82 - 35 0k - 22 4 r 65 f 90 4 b7 53 4 99 4- 104', 122 4 68 22 47 Ti r 19Ti r 134 -12 32 21 4 12k 86 4 109 14 4 174 63 114 4-1-100 62 k f 13 32 4 51 4 I-0 e .Nerm American.... my, 3 North Amer pf . . . . 46 6 North Pacific 87 .. Nunnnlly Ce 10 4 .. Okla Pred & Hef... 2 .. Orpheum Circuit... 28 .. Otis Steel 10 4 3 Owens Bet Mach... 42 4 .. Pacific Devcl Cerp. 4k 5 Pac Gas & Klec... 05 4 3 Pacific Oil 60H 6 Pan Amer Petrel... 804 6 Pan Amer B 75 k . . Panhandle i 6 4 2 Pennsylvania It It.. 40 Sg .. Pcnn Seaboard Steel 6 4 5 Peeples Gas Chicago 5 .. Pterla A: Lastern... 21 .. Pere Murqucttu. ... 37k r. Pere Matqu pf 73T8 6 Pere M.irq prier pf 77 Ti 3 Philadelphia Ce 444 2 Phi litis Pet 13 k .. Pleru-Anew Moter 15 . . Plerce-Arrevv Met pf 35 Ti .. Pierce' Oil 6k .. Pierce Oil pf 50 4 FleBly WijTgly Stere. 44 6 Pitts Ceal 61 4 . . Pitta V W Va 39 5 Pestum Cereal 1164 8 Pestum Crreal pf..111 . Producers A rtcf. .. . 49 4 7 Producers A Hef pf . . 47 ti Pub Ser Cor of X J 97k S Pullman Ce 131k . . Punta Alcgre Sugar. 49 2 Pure Oil 324 8 Railway Steel Sps. .123 .. Ray Cen Copper... 15 4 4 Reading 79k 100 100 100 100 100 a 100 5203 4703 2900 13703 3103 603 1603 100 3300 400 16000 100 2500 1403 600 1603 200 103 2631 100 55JJ 3933 100 1030 . . Km Tmkvv :d pf . 73 . . H-pleglc Steel . . . . . Repub Iren A Steel .. Republic Meters.. ;5 59k 2 4 57 4 59 4 10k Reynolds Teb B 2600 4.13 Royal Dutch X Y.. ZOO 1 St .Teenb Lend IUU .. St Leuis San Fran. 294 100 .. st Leuis S Fran pf. 50 4 400 .. st Leuis Southwest. 33 4 1030 .. St L Southwest pf . . 53k '"w .. saxen Moter 2n0 . . Seal, Air Line pf . 500 .. SeaiP-Reehuck .. 200 . , Senrca Cenner. . . 5 11 91 10 39 4 36 4 99 11k 94 4 26 100155, Shell Transport. 61400 2 Sinclair Consel. 203 6200 1300 3830 1930 100 13900 7103 100 533 300 1033 23630 2300 100 700 200 21030 8530 103 2100 703 300 21200 3103 3100 200 500 700 1200 100 103 300 tee tee 100 100 2530 2900 200 100 400 200 100 100 1900 100 1503 530 100 14500 100 300 500 2100 100 103 200 200 100 400 200 100 100 200 200 103 100 200 203 300 303 433 600 1300 130 100 100 8 Sinclair Cen pf. ... , Skelly Ol! 6 Southern rnclflc... . Southern Rail . Southern Hall pf... 64k . fcplcer Mrg ZOi Standard Oil of Call33 4 Standard Oil of X J210 Stand OH of X J pf117'i Sterling Products... f.7 4 Stewart Warner Spd 52 ',J Strembcrjf Carb 57 4 . 10 Studcb.vlser 131k .. Sub Beat Cerp 7 4 .. Superior OH 6 4 .. Sweets Ce of Amer. 2 .. Tcnn Cep A Chem.. 10 3 Texas Ce 49 4 ' 4 Texas Gulf A Sulph. 60 TexaH a pacific. ... 30 Tex A Pac C A O . . . . 2f 4 1 . . Third Ave 224 . Tidewater Oil 144k 3 Timken Rell Br 32 4 . Tobacco Products . 64 4 7 Tobacco Pred A e54 7 Tobacco Pred pf...100 4 . TelStL&W 74 .. Tel St L A W pf... 614 .. Transcontinental Oil 14k C Union Dafir A Paper 75 .. Union Oil 194 10 Union Pacific 150?8 4 Union Pacific nf... 704 7 Union Tank Car ..115 3 United Alley Steel. . 37 4 Is United Cigar Stere175 . . United Drutf F5 34 United Drug 1st pf. 514 8 United Fruit 152 . . Unit Rwy Invest pf 32 .. United Retail Stores 82 4 .. U S C I P A Fdy.. 25 .. US Feed Products. 6 k .. US Heffman Mach. 224 ..US Ind Alcohol... C5 4 7 U S Ind Alcohol pf. 984 ..US Realty & Imp . B7H ..US Rubber 53 4 8 U S Ruuber 1st pf . . 99 4 U S Steel. .104k 7 U S Stiel pf I Utah Copper . Utah Securities. , . Vanadium Cerp. , . Vn-Car Chem 11. . Vivadou lnc . Wabash . Wabash pf A . Wabash pf B .122', . 68 h . 22 . 48 . 19 4 . 134 . 124 32 k . 21'i 1 Weber A Hellbrener 12k D Wells Farge Exp... 86 4 7 Western Klec pf...109 . Western Maryland. 14 4 . Western Pacific 17 k Western Paclfle pf . . . 63 Western Union Tel. 1144 Westlngheuse A Br. 100 Westlrer K A M 62 k Wheeling A L K... 13 White Barrie OH.... 32k While Moter 51 ',, Whlte Oil Cerp.... 8 Wlckwlre Spenc Stl 12 4 Willys Overland. ... 74 Willys Overland pf. 44 Wisconsin Central.. 29 4 Werth Pump U.... 70 4 124 44 100 ritfiti tvviu iv Ve Ei-dlvld.nda. BANK CLEARINGS f.nnk rlearlnm lud.iv, i-enip ircd reMpnndlns dtv Inst two vente. in.'.' 11121 11)211 I'hlla . J2, iimi.OOil f ilil.eiiil.OiH) Mi.Ii'is,7!ik Houten , IJ3.liiiii.00il 4.1.SIH.IH10 S2, 127 712 Baldwin Gets $4,000,000 Order The flfiy-nlnc envlnen reported by the Iren AKe ua huvlnx bun heuuht by thu Atchison, Tepekn ifid Smitu Fe went tu thu ll.ildwln l,inoinetlf.'B WerkH. The value ut the order ik abeutUf.OOii.OiiO, s. LAKE SUPERIOR AT YEAR'S LOW PRICE 1:1(1 t. M. Nt Chge. 58 4 46k 4 44 r 100 35 7 4 107 4 264 68 k 61 21 4 f 50 k 93 69 1 34 4 54 53 4 58 43 - 1 Brill and American Railway Shares Advance en Mod erate Dealings 14 '4 Va ' V 4 4 ' Vz 14 4 The heaviness of Lake Superior I which declined In (FM.Tnmil te the low J price- of the year, wits me most prom inent feature nf tin ilny's operations In (he local market. The sleck encountered j further mederntc pressure, which np- i pnrently was Inllitriiccd by the discus- i slnn of the company's nffalrg nt the . 414 4- 60k 14 24 -, 4 40 n. 31 - 494 Ti 58 4 4- 14 19 1 130k 1 stockholders meeting .vesteriin.v. .vidst of the ether local shares showed strength with the majority fractionally higher. Trading In both American Stores and F.lectrlc Storage lliittcry slewed down considerable. American Stores, lifter repenting yesterday's top notch 111.", eased off n C. hut tin dealings were small either way. Flectrlc Storage Mattery met profit-taking dropping buck te ."flU,. or l:'s points under high mark of jpsfenmy. On the ether hand. Rrlll was carried tin ever 2 points te ."(!. n price reached some weeks age. The company, it is understood. 1 get ling a fair share of the Increasing equipment business. Although the volume of dealings In the ether local storks was relatively light there was further evidence of 11 widening demand. This was Indicated in the broader transact ion for u number of the Inactive shares. Of this group the American Hallways shares were con spicuous with the common ndviiiicin 1.. point te M'. and the preferred 1 , points! te ill. Fcnns.vlvniiln Salt and Cramps also scored substantial frac tional gains. Philadelphia Stocks I 54 4 ! 4 4 1 4 4 4 k 3 4 4 40 4 Ve 1 97 89k 4 2k 91 -10 37 I 60. 31 4 4- Net Lew- 1 P. M. ehKC. 14 14a, 4- ', 110 til 1V- ItM'j NWi Vi m r.-M'J.4 t. Jtlsll inntAllI Chem s."iT, 170 Am Ilvvjs. l-lni 7!) de pii'f.. ll ".'I Am Strs..l(r 1ST. Hrlll .1 . ."il intChun Ma, HWj ..". Flee Star. ."!"i FJ In Ce X A ll'i 011." Lake Sup. 7 :i." I.ch Xuv.. 71 7WI Pennil It It lsr's '.". retina Salt l:'i 1." I'hlla Ce cum pf.. le'i ,"n I'hlla Flee UK's tl!) de pref . . Ill 's k Ik "4 "M 4 4 4 14 14 14 1 tm-t. .".. 41 H V;i 7S IS',i SI e:iy.i(. nt'iis lVs 41",.. r.a: v, -s' "j i 4,S, ' si " ! 43VG ..l-'s Ml. :ua; 1"."i I'hlla It T :i:. 'i-.'S :,:"; 's 111! I'hlla Tiac ink- '" li'. Jj I JOt Fierce-Ar 1." L ! , ' I lOOtStudehkr.llil'i VMV. i:il'i4-2'-j J I ."ill Tone Mln. -!''i -Mi -'4 1 j "" li'.'llFulenTr.ic Yif 41 ts 42 . . !' -.i I- i. i .-.e.-,.. -,'ir,' .-,''.-,i4- ii n: i.... .-12-., .TJ-s .i-"s4- 100 de pref.. .-."',. "i.i'a .i,'L'.. 70 W JcrS. :I7 ".7 ."." ai ."" Wm Cramp & Sens.. .VJ'.j ."2 r2 . 4- ' Net hiiiiRc mole te rnnipnrlHnn with last s-.ile en New Yerk !'.nck Kxchins niii.Mir.i.niiA itexus 2000 Liberty Itli I'.'.s '.'IS 100.02 1000 Viiterv -Pis Hilled 100.10 11100 I'hila Flectrlc 4s M IHIOO I'hlla Klei I lie 1st ."s....letw 100 ')( I'hll.'i Klcclrlc 1st ."is.. ..lets 101 1000 Wclsliacli ' " r',,-'l LIVESTOCK QUOTATIONS " 4 v 44 4 3 4 k 4 Ti CiilniKn. ri .",. 0(111 he-lit. SW. KUieiMllj- Ftell'h en lnu- wrailes jl ttri'l veal ralv's lu-ef ateel-K SI- "t . f.vTri.i: istreiiitii is tail. sules un all clns-es uii'l'-i time ve-iK te limcr l.f'f HtciiK nml full In in I'.nrlv mi, in itiire.l native O. uplKht. Ill" pnutlils. V, 4 H 4 4 4 34 Innu venrlliiKH si: 0. sui'i'lv "f Wentein i ur-ikwrs metlerile: nil umirnnw iiniiiKim . Lulls I4fi-I.l'.": piPkers blil'lln slliillj.i, en rleslrnliln venler. bull. Hlecki rs .mil feel ers Kit 2.1 if T ,il. HOllS-llccelMs, 21.000 hfid. Mailcet i low. stimly In ptrens'. lew s.ilrs une..ilv I hlsher. uielerwelsht veal;. hulU lsil in Jle . j "l , in unit ii-'TiKP-. i- , .'I, ...".. .-.! . ',-... -s I' n,n ..... I l,i, V,PB t.,,,1 .- ll " 'il ft..-, I. I I V2 hulk mckln sriwu. S7 iflfls: tleelr.t ttle nlns i miistly $1 nviriiKc cunt mi liarKei una Mill. per ilret nt liem here Weilne-l-iy. $s 07 uMirht VS'I I'limiils. heny $s 711I1 11 110. Hie Hum Jli 7n in. Unlit. J.'i .lOi 'i.nn. lubt llshts $'.i llU'iili 00 imikliiK siemi. sniniiih t7."iKiS2c. I'.u-kliiB turns rnuuh. $7 (ii 7.1,0 i.iiiint- itii-rt s r,n ii 11 '-, 134 Sfllll'l -llneelpts. 2t.0lln heail I'linle' n-itlvt Inmlis tu shlpp rs $1 1 leTi 1 1 2.' I strtini.- te 2"e lilnher. p.-nkers Imvliiv steiuli tn ir,e lnwri. eurlv pinker tup, .i:i.i,u. prut - I llcally no fat Westerns here, fee.li rp ten, I- ' lnu levvr. no e,irl silt,, fhe,- nr,,unil steatlr. fnt hcv ewes. $:i.refi I. IlKlitvit-luht up tn ?0 :,( I 4 14 Vi 1 Hist SI. Ifltlls. III.. Oet e -tUTTI.i: 1 Receipts- ,'i0(i0 head lle.-f sn-er, h, nice. , MiMlliy cuinmen m nn'illuin. two lemls nf , nte-r ste-xiU nt flefi in 2.',: UVhipiiu 1-1- etlv ', 1?B 'l4 2 4 4 "4 14 4 4 2 fc H Ti 2 14 1 4 1 V 4 4 4 III I.,c ler rl 511 in 1 us.,. iiKiu je.tiuieii. anil lieef rows tanners rtn.l bulls nti-i,H-, llBht calves 2,"e Invtr: slm ker nml fieilei stei ra slew bulk llcht ymrlltiKH f.1,, enws, Jn7."'i74 7", c:uui.rs, S2 il." f 1 2 .Mi. Hulls t-1 2.1fi I K 'oil ami thnUe enkrs, 1H 10 r.il. st,,rkers mostly SI 7."i(7j 0.2.V HODS- IteceliHH. S.ViO he.nl. (ipeneil sternly 10 sirenK later elUns' mostly fte hlKher. sim,i. lne hither, top, $11 fin paid for streiiB weight hutihers. hulk lAOfi llm pound .iveriisi s. fn ,",011 11 70: 200 te 2.10 pound nvei.iKca. fii T'i'fffi s.',, IlKht-llehtH, Mi 3ft (Cl ',0, ke.mI w.TZlit pit's. Jll SOiJj t 411. IlKlit kinds fs7.-i'Mi'i pinker sews, il 7.1 (ii H 2ft. siHIll'P Herelpts 2inn heatl. Mn'tlv 2fte lower en fnt lambs cull lambs fut shct p and ether until nmdes teid, no cheli e lambs ninlltible In st here brnuuht $12, 7ft. strlcth choir., ewes and wither lambs tpiol tpiel nble at $1.) 2ftfi 11. Ml Snuthvvest .MISKeurl lambs went tit 12 Mifi 12 7ft. eulls, s7 3D, f.it IlKhl ewes te 7ft he,ile3. f3(l3.nu. lljt llnrTiile, Oct. r, - iWTTI.i: Receipts. 17.1 lieml. Slew, sirele rah, s r nlpts Hen heml Common, ftiu hUiher. Jft(fr13..',0. HOfiS llnilptH. 2100 Ik id Steady te 2.1e lower lli.ivv Ifi 71TT 10.2.1; inlYid. Jle lefi 10 2ft. verkers in TftTiin 1.1: Unlit MirkiiH. 'i :,nHt." nl. Ill .in, reuRhs, 57.7.1(''s Mnus sr.i'.IIO siii:i:i vn'ii i.a.mus - itets-ipis, icon head .etlve I,nntis 2.1c hlshcr; 0f 1 1.2.1. rlltsbiirch. Oct .'. lirifiS Tteeelpts, DftOO he-id. l.mver H-nvlen 111 sn(i.7,-,, h"nvy .erkers 111 liOf( 10, light verkers nnd nl.ni. (H.ftiiitf! 00 jmi:i:i' anh i.amiis--iieteipm. une head Sheep, J7 r.O. ete.vly, leinhs. fl3 sft, hldher I'AI.VHK HerelptB, S'10 hend Slfftdv Tep, lll 10. , 2 14 1 " 4 4 4 4 DIVIDENDS DECLARED H tncrsnll Itnnd i.'enipanv. tinarierly 2'-4 f tcber 111 in I per tint en rmrimnn. p.unbit steek of record October 1-1 i Hunp Molerrnr cernp.iny. M'mi tt-riy " 7 rf " Nev ember 1 yl per rent en eeniiiinn, pieabl te steek of record October 14, S-'alt Cnil! I'rndut em" Assoelatlen, eunr- I terly 20e anil He txtr.i. both pawdil,. rs'e. veniber 1 te stock of rrrenl October 111 l'lsher llndy I'orper.-itloii, tjimrt. rly of $j ,10 1 en common nnd $1 7ft en preferied. both paMible Nevembtr 1 te ntutk et rtcunl Ui.. i tuber 21. . ,, I Hnnunr iinuvvnv ami i.iectric company K '& of 1 per cent en common, pujable November I r 1 te stock of receiil Ocieb. r 14 I s Art MiMl Cnnstrutlinii Ceinpanv, imar- r M terlv 2ftc, HiiMtble Oiluber 31 te stetk of H 2 i leitrn iicientr in tl. '" ' llnlllnu llri.l.. I 'iir.ifimllMM r,,,np.nl.. n Wfl preferred, pajable .Mneniber 1 te htmk ,,t record October HI UI rfiuniii. .'"., ..''.. '.' 'uu, ii-i iy -. (.., i s ,u Bank of England Statement TAn.lnii. fill. V The weeLOv ui.u..... 4 the he He ik of l.nclnnd shewa Hie follewlnii IninuiH in iMiiiinlH Bterllnxt Te I n, I i. .., dt en used ,12 0110, ilrculntlun Intrtuserl 7m 1 iiiiu, bullion dccrensnl USUI, ether Htcurliit un rencetl 2.203 neil, ether depeslia Imruisn'i i 1 n liatl.OOO public deposits ilrcreasul j ;j i line units rtserve ib (-ruined 731. nun, llm,,-,', B. a . II, I'M. P- S ....-- ........... .... .,,,u J II,, 7',i-f- V. prnporllen of the bank's reserve tn llabllu. 44 2 i ",H w'Pk '" 1"a3 '""'' y"fM' last w-''1' llieni (M'liui n ,,.-, inv. c. p.-,, j, ',,' iiiiu Til, 29 4 I- 7"4 1 104- Ne Change In Raw Sugar ' I New Yerk, Oct r, The raw HUKnr market I eentlnuea Hint nnd unthniiKed en thn IhikU , of a '.. cot nnd frelnlit, for Cuban for intobcr-Neveinber ehlpni'nl. 'Ih're vern no I dalea eittiriln etht r llian thes,, ii.pi,rted i "I Ik- local rellned nurkct la fairly nctlvn at I ilinhiinKid (lUutntliniK They riiniie from 1112.1c te 0 7,1c. It-its 2 ix r cent for cauli with i or Great Falls, Ment., Bank Suspends. (Irrnt l'ull". Ment., Oct. ft Heern nf the CemmBrrlnl National Tank hrre did net open thla mernlnii. aunpcnalnnhavliiic been nn linunreil 1nt tilahl tiy the Heard nt 1)1. rectera. , The uis.i8lQn iiiineuiiieimM Biive !nabanik!re5fX."U " "''' "" S ,w I $300,000 St. Leuis-San Francisce Railway Company 5 Per Cent. Equipment Trust Certificates Dated September 1, 1922 DiridenJi March 1 and September 1 ISSUED UNDER THE PHILADELPHIA PLAN The amount of these Certificates authorized and issued is $6,000,000. The total purchase price of the equipment is net less than $8,000,000, of which net less than 25 per cent, is te be paid by the Railway Company in cash. Title te the equipment will be vested in the Trustee as security for the certificates until the entire issue has been paid. The total income of the St. Leuis-San Francisce Rail way Company available for fixed interest, rentals, sinking fund and ether fixed charges for the year ended December 31, 1921, was $17,932,723, or $7,728,950 in excess of such charges. Fer the seven months ended July 31, 1922, total income amounted te $9,673,506, which was $3,754, 114 in excess of fixed charges and $795,162 mere than in the same period last year. MATURITIES $21,000 doe September 1, 1930 31,000 due September 1, 1931 17,000 due September 1, 1932 53,000 due September 1, 1933 Price: 100 and Interest Te Net 5 Per Cent. Circular Describing Thie Inue en Application Harrison. Smith & Ce. Biddle & Henry 1 2 1 Seuth Fifth Street 1 04 Seuth Fifth Street Philadelphia Philadelphia The InfnrmMlen ru! ta tlstlcn contained herein bare bdn el'tnlned from leurrcs whleb tta hellcre te be reliable. Our Latest Service Letter calls attention te a new investment problem that confronts the investor as a result of the remarkable transformation which has occurred in the investment field during the past year. We will send en request a copy of this Letter and a list of 36 different bend issues which have- recently been called for payment or which contain callable features that indicate ' the likelihood of their redemption. Send for Letter CM-S28 fbteJtebtar&tSa.. Established 18110 1422 S. PENN SQUARE, PHILADELPHIA Members New Yerk Stock Exchanaf Bosten .Yew Yerk Chicago ERNST & ERNST AUDITS COST ACCOUNTING METHODS TAX SERVICE 2023 LAND TITLE BUILDING v PHILADELPHIA Telephone Locust 2681 i.i:il!IMKI!liri:;!!il'lllii!l!llttl,riMiN!ll!!Wlnmii:i ieiii,i!iiiiii,,n.m.n. j ' "" ".'""(..I till, WilllllUMIIullllllliVIIIIIIIJillinil I WE OWN AND OFFER CANADIAN MUNICIPALS 5 Neva Scetin 6s due 1926 ? Halifax 5s " 1953 3 Ottawa 5s " T92 Terente 5s " 1931-43 Municipal and Public Utility Bendi ARTHUR PERRY & CO. BOSTON Investment BenJ, New Yerk I twmH. &!! J - - . ..KJ,C.. running, rhiladelphia PreviJence 'it!ltti:ii:i!l!I!i;!;l!ll!llim,!!!CTil;iliI!IBili:i"lar,ii:i(,lMlll,,, , , , B & S&les manager B and Executive Sixteen vmrs with one ceinpiinr neien enr' Held work, nine lis salen iiiaeut-er, with tli'Teiik'li kniinli-iliie of niirrb.in dltliiB and Miles niiiiiii.piii, nt, In open for opportunity te (luii.nutntc his worth, III" handled larun forte of lilt 11. rnel1mr IlllMern StalCH, ullh (.ales riiiiuliiu Inte inllllenx. tut Itl In ( material ur nlllnl line pri-terriil. In. MHtinent of moderate niil,i ( deslnd, Details nml irfeteiues at Intertlew, 0 330, LEDOEIl OFFICE .MIIlI-Hlil.lllllri Lawrence E. Brown & Ce CERTIFIED PUBLIC ACCOUNTANTS InviatlKiitu nnd udjuiit i(irpiiriiil?,n h'ikI i'aymii.,:tniriis:i',e,,uu ,""1 "" """"' I' I $50,000 due September 1, 1934 19,000 doc September 1, 1935 46,000 due September 1, 1936 63,000 due September 1, 1937 J " -""""I mummmummMmmmmmmmmu'Lmm' R. A. M. & Ce. Recent Issues Seathtrn Railway Equip. 6rc, Sinclair Pipe Line 5 . 1942 Caiahy Packing SVl 19J7 Philippine Gov 4"j7p 1952 leint Sleck Land Bank.... 5 1952 Ftdtral Land Bank. .. .4ife 1942 All Geed Invtstmsnls. Particulars upon rsatntt. Reed A, Morgan & Ce. H'esf Kml Trust llUlg., Phila Members f the I'hlla Sleek Kuli. Telephone Spruce 2131 MORRIS J. ROOT Certified Public Accountant 1 layette Building, Phfl.delphi K t . i .. . ' ' .. i.....m.. '( I nuva
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