miY&tvrw
il
b
ytfm&m
f r" r r
'rVw
m
i
EVENING
CJOSING MARK
ET
fl
1 '
HIGHLY IRREGULAR
i
Week's Remnrltab.'e Bullish
Demonstrations Among High-
Priced Industrial Specialties
-V
w Yertt, Oct. 7. TIip bn'klns nml
filing In ihIcp innveinnit In tnJn'
clealnjr stock mniket wnM larselj the re
ult of the fnmili.tr week-end evening
-up operations of the p;-nieiieiinl ele
ment. The mere il st m bin j1 nc "s en tlii)
Near East fdtunlicn tin . a d.impcnliv
jiTcct en Kpecu'ntlve ciifliiisliiTii, nnil
there was nn evident Reiiernl dWin dWin
r)lnntlen te enter into extensive tern
jinftmentH bernue of the fi.ir of some
unfavorable turn in the Turkish sana sana
teon ever Sundnv What little btillMi j
activity prevailed reiitinurd largely con-1
centrated in the i II group nml fen i
(scattering tpeeia'tiei. The shipp'n,.' j
flinres, en the ether him! were ad-I
jewel v nfferjed lij Attorney General,
Pntigherty's .u'iiii:' ngnlnt t.'nn-roitn-(Ien
of lltpier en hi entering Amen
ran pert. The muni) aetlvc lis'.
however, moved within eempar.it'velv
harrow limit beeaue of the .ippnientj
ludii-potitien te lake a proneuiucdl
(trading position. I
SThe complexion of the market under- j
went n rapid change during the current
5jeek, irttiulH refeveilng nil the ground
fett during the rcactlnnnrj movement
ttl laat month. Dcplie the rapid re- i
bound and the eidcnre f the nbiilute
icontrel en the part of the constru-Hei !
forces, the movement did net I eaea
the same Impressive elnrneterNtles at- j
tending the hull movement which ter
minated In April ii ml the secondary
forward hwIiu which started In June
(The reoevct.v was plniniv of a feried
character and te a large etent i pro pre pro
fdiictlen of vigorous, if net rei kle
peel operations. j
The week's movement, in fact, com
prised a remarkable series of bullish
'demonstration'? in a number of hlpli
prlecd specialties, and thes, nmneuvera
nppnrentlv took the professional reac
tionary part completely off their feet. '
Despite the conservative attitude as
sumed by the mere important market
interests, the widening activities of the,
speculative combinations was unep- i
posed. At tile same time developments .
generally played in their favor, Inehid- t
lng the disappearing war clouds in the
,Nenr I'ast. Yet, after all. it was .it all
times plainly apparent the mere potent
propelling force was derived from tech
nical conditions The week's niUanc ,
disclosed n greatly extended short ac
count built up during the reaefenarj '
period which ran it lour-e Ian week '
In the declaration of the 100 per .
cent stock dividend by the Standard Oil '
.f California and the 20U per cent bv '
the Standard OH rniminm f)f u i
Yerk, the speculative Imagination was i
again fired te n sensational degree Hit- ,
inercd mergers and easy money no i
lnilner SUtltllviii!? rhp niwlnil timn'ln tn .
keep the speculative pet a-bellmg. the
construction forces greedllv seized upon '
mis new Dullish nnimunitleu as a fre-di
argument for n lesumptien of the mar
ket orgy. The success of the effort Is
amply testified net only In the senn senn
'tlennl advances recorded b the shares
of the companies announcing the gen gen gen
loreus melon-cutting, but aNe in the
fact that with the heaviest trading in!
a number of months mnnv of the pe-
cialtics, and mostly the high-priced
ujnee, reached the highest level of the
h ear. i
New issues may be brought te the j
front and the actlvitv of the market
maintained for some limp, but since the
resumption of the forward movement
has been made without anv apparent i
material change in fundamenti! cendi- ,
tiens the situation does net appear te
ibe altogether healthy or even -,ife. It i
lis generally admitted the resisting
power of the market unquetiennbl ,
was seriously impaired by the wild
and reckless upbididn? of the -.elected
nnd highly manipulative issues Ob- I
xleusly, it is a market danierens for '
the average la man te pln.v with, tin- I
less the strictest disi rlniliiatb n is em- I
pleyed in all contemplated ventures
In short, the bull eini'i is ra.nd y be
coming tee crowded fir comfort, an 1 I
somebody 1 atn te rn k the lnnt m
most any time.
:fcMJ'V-''iReITW
' -i.VT- ?n:J f .ii'JTIWPBB'M imtvt"'. r- .-a.
i , i - t iiir .' "cn""! u' l. I .. r. ,itiii s. i- ttfsj t k t v ' :;.'. v
J Wi ,-!. .. tVi l.Ltl I' t " "! -s -i - -r -, , .i,V.VHw ..S"" .T' r-rn- "- T-"t- I ! I MilM ! 'I ; l" ' vr .mi IBJntHBTFX n ' ) Jf . -pTTjm II m Li ) J i IwnPnHKiHKBKHHl
fHe ..iGBR-raitiADBiMA;- sItubday. 6&m&tWmr W'rWWm
' ' . " " ' ' , -- i "A
NEW YORK STOCK MARKET
Only Afternoon Repert in Philadelphia Quoting Full Lilt
Total nlca ........... .638,000 ihtres
Yesterday , . .1,823,000 tharcs
Total for week 0,158,800 tharea
Sle
63
70
1510
303
5)1
40)
101
tee
tee
2600
tee
203
200
100
153
3530
633
3)0
1300
200
1203
103
LIIV.
In t
tilth
83
66
16
V
84
7
3914
73
STOCK
Adams Kxprfss. . . .
Air IWuctlen
Alax rtuhher ,
.. Alaska CieM Mines
Allied Chem & Dy
Alllj-Chalmers ....
Am Aerie Chm
4 Am Bank .Vete
UmBSh Pdy new.. 62 H
Am Can 65 H
t AmerCanpf 109N
iz Am Car A Fdy UB
Am Cotten Oil...
.. Am Dnm Syn ...
Am Internat Cerp
Am J.lnseed
Am Linseed nf . . .
Am La France En 12
Am Locomotive.... 1 27 Yz
i Am Loce pf . . .
3 Am Metnta
7 Am Metals pf . . .
27
ei;
37 H
J9K
59H
333 25c Am Safety Rnie'r'.
11633
630
400
100
0J0
200
103
103
3033
3530
203
100
103
103
1
103
20J0
333
103
63J
1103
103
633
100
100
100
20
503
103
100
10JJ
1230
700
100
.120
40 Ji
.111
. 7
. 22
62
Am Ship ft Cem
Am Smelt
1 Am Smelt nf 101 H
6 Am Smelt Sec A... 97 H
! Am Steel Foundries 44 &
Am Sugar Ret. ... f 0
7 Am Sugar Rsf pf...1C9
Am Sumatra
9 Am Tel A Tel...
. Am Tel & Tel rts.
12 Am Tobacco. .. .
12 Am Tobacco B..
Am WaterwerKs.
39 '4
123
162
15914
26 U
1" . Am Watrwka 6 p. S3 ft
503 7 Am Woolen 100
. Am Zinc Ld & Smlt. . 1914
Anaconda Copper. .. E2J4
i Ase Dry Goods... 63
7 Asjij 13 Goods 2d pf 89 la
6 Ajo Oil 124&
6 Atch Tep i. San Fa1C64
6 Atch Tep ft S F pf 93
7 Atlantic Coast Llni:0
Atlantic Fruit 2
. At' Gulf V I S 3 :0',i
. Atl OiWISSpf !1I5
0 Atl Refining 1333
Austin Vchels . . 36
. Atlas Tack Cerp . 1914
. Aute Sales Cerp pf 1 1 H
7 Baldwin Locemotiv IS7'4
. Baltimore ft Ohie. 55 94
. Barnsdnll Class A. 38
Batepllas Mining
Lew
82H
f4K
154
H
84 VS
57
3014
73
82 J4
65
10994
188
:6ft
6U
36
ten
5814
1214
126 94
120
484
111
7
21 '4
62
101 ''
97)4
44(4
te
109
39 94
123
4
161 94
15914
:64
53(4
99 U
19J4
62 54
89 ft
12214
U6V4
3
119''2
14
"(4
H
I
M
ft
14
3
B
94
(4
H
'h
ft
ft
ft
(4
H
i
44H
75 U
74
118H
iJwSSMjgL I
Wc specialize in
The Worlds
Strongest Bends
U.S.
Certificates
of
Indebtedness
Geld Notes
Liberty Bends
We buy, sell, and quote
all issues in any amounts
COMMERCIAL
TRUST pOMPANY
Member Federal Reiervc Syitem
City Hall Square
100 HSc Beechnut Packing. .
2400 6 Beth Steel B
100 7 Brit HrnSteM 1st pf
03 g Broeklvn IMIsen.
400 .. Bklyn llapld Transit 24 ft
103 .. Bklyn RTctfsefdb. 204
203 .. Brown Shee . 59'i
33 2 Buff lleeh A ritts pf 92
333 2 Burns Bres B ... 8'
230 .. Butte Cep ft 7.1nc . 7 U
50 .. Butte & Sup Cep . 34
'00 .. Buttcrlck Ce 0'j
333 C Callfernli Packing 05
'630 .. California Petrel.. C5
'30 .. Cal Zinc and Lead.. 9(4
24 "J 10 Canadian Pacific . 147
200 7 Case T M pf 92
3W .. Central Leather.. 41
230 .. Ccn Leather of... 79 4
433 . Cerre-de-Pasco .... 39ft
733 6 Chandler Meters . Oft
1103 4 Chesapeake A Ohie. 74'4
503 6V4 Chcs & Ohie wl... 105 '4
.. Chicago ft Alten . 3ft
. Chicago ft Alten pf. D
. . Chicago ft Or West C r
.. Oil ft Gr West pf. 14ft
.. Chi Mil ft St P 32'4
.. Chi M ft St P pf.. i0
6 Chi ft Northwester? 2
.. Chi R I & Pac -J4i4
6 Chi R I & Pac 6 pf ''2 ft
7 Chi R I ft Pac 7J pHCOft
.. Chile Copper 5 6ft
.. Chlne Copper 29
4 Coca-Cela '.9
6 Celum Gas ft Elec. . .109 94
Colun Graphophene 4 ft
4 Cem Solvent A 49 ii
. Cem Solvent B 454
6 Cemput Tab Rec. "24
.. Consel Cluar 39ft
8 Consolidated Gas.. 138ft
. . Consel Textiles . . 11
.. Continental Can.. 89 J
4 Cern Products Ref 124ft
7 Cern Pred Ref pf..l20ft
4 Cojden&Ce 49ft
.. CoadenftCerts 194
.. Crucible Steel 854
.. Cuban Am Sugar... .3(4
.. Cuba Cans Sugai . 13ft
.. Cuba Cane Supar pt 26
.. Divlsen Chemical. J8?i
9 Delaware ft Hudsenl35
6 Del Lack ft West.. 138ft
5 Detroit Edisen. ...113i
2 Deme Mines 574
8 Du Pent n. I ) Ce 15,8ft
6 Ea-trmn Kodak 5ft
! Hlec Storage Bat r5'4
Emersen-Brant pr 36
6 End cott-Jehnson . C5
.. Erie 16ft
.. Erie 1st of -54
. Erie 2d pf 19 W
. . Fairbanks 17
8 Famous Players L . f8s
5 Famous P'ayers pflC4
6 Fed Mln Smelt pf 0
10 Fl9c- Bedy.. . . 138
8 Fisher Bedy of O pf 95
. Fsk Rubber ' 3 ft
. Freeport Texas I3ft
3 Gen Am Tank Car. . 67 4
. GT.ernl A'phalt.... 65ft
.. On Baking pf.....109
Genenl Meters... 15
6 General Meters pf 8b ft
6 Gen Meters deb 8 85 ft
7 Gen Meters deb 7 9
. Glldlen Ce 13
. Ge dwyn Picture!.. Oft
. Goedrich B F 35 ft
7 Goedrich B F pf . . . 3 ft
.. Granby Mining 314
7 Great Northern pf . S3 ft
4 Grt North Ore ctfs 39ft
. Guantanamo Sugar 12
. Gulf Mobile ft N pf 43
Gu'f States Steel.. 92ft
Hablrshaw Electrio 1 jm
7 II i-tman Cerp . . P5
. Housten Oil ... .80ft
2 Hudsen Moter Car 2' 9i
J Hupp aioier wr., tt.Y
7 Illinois Central . IIS ft
I
330
233
5)0
2)0
4)3
8)0
I 33
15)3
5)0
233
250)
4)3
6503
5)3
13-3
403
103
103
530
2213
633
200
3330
100
5330
45J0
933
45 '0
1230
230
333
100
13)3
233
2133
933
4)0
1733
100
933
533
133
7J3
333
5)3
3-0
100
2433
433
433
14J3
100
7 JO
100
229 '
100
403
103
103
29)0
530
203
7j0
9)0
103
130
333
125J0
00
130
4733
73
6)3
333
4jj
3)3
100
30J
U0
330
100
11 JO
203
7103
3;3
703
3'03
560J
"0 3
' 303
303
3500
1300
1 00
4100
1333
31)3
1 J3
333
100
6 111 Cent pf A .... 116
, . Indlahema Ref .. 4ft
, . Indian Reflnlne 8ft
, . Inspiration Cen Cep 39 ft
, . Inter Cen Cerp . . 1 14
, . Inter Cen Cerp pf . 3 v,
. . Inter Agrlc pf .
2 Inter Cem Eng ..
, . Int Mer Marine
6 Int Mer Marine pf.
. . Inter Nickel . . .
. . International Paper E0V4
. Invincible Oil Cerp 17ft
8 Iren Pred
. Island Oil
, , Jt-we Tea
. Kan City Southern
. . Kansas 4 Gulf
Kavser & Ce new
37 ft
28 5
151,
62l
17
10
94
20
24 ft
4
46 74
8 Kayer & Ce new pfl03
. . Kelly-Sprlnftld . 43
. . Kennecett Copper.. 35ft
, Keystone T & R 8ft
7 Kresge S3... .1&5
. Lackawanna Steel 81 'ti
. Lake Erie ft West . 35 '4
:oft
21 ft
1320
35 U
19(4
lift
137 ft
5ft
:7 ft
i
44 ii
74 4
74
118
?4ft
70 ft
59 ft
92
43
7ft
33(4
ZOft
F4ft
C4H
9ft
K5H
92
41(4
79 ft
39
621',
73.
105ft
3
5
6(4
14ft
32 '4
49 ft
92
34
91 ft
100
re
29
78 ft
108 H
3'.
49ft
454
7294
39 ft
137ft
10ft
;8i
123 94
120ft
48(4
1H
5
22 i
13 ft
35 ft
48
136
1374
1124
37(4
157'4
5'4
5
36
4ft
16
T5H
1894
16(4
57 ft
103
60
!33S
95
12ft
23 ft
674
f4
109
144
85 ft
8;
9
13H
7ft
'5
03 ft
314
S2H
39 ft
12
42 ft
90 ft
14
5
8
22
"5
'"6
4
eft
:3'4
ift
3 ft
37 ft
:e
15ft
604
16ft
:8
1694
40 J,
H
'91
24
3 ft
46 ft
103
41ft
35
7ft
185
81 ft
354
I
4
94
14
ft
ft
94
ft
I
ft
ft
ft
ft
94
"ft
94
'ft
H
ft
194
Today's ?m
C'ne Chit
0294- H
f494
16 94
84 94
57 -30
ft
73 82K-
6594-
109 94
18 -
26J4-
6ft-
37ft-
38 ft
59(4
12 ft
12694-
120
48ft-
111
7
2294-
e2
101ft .
97 ft-44(4-t?0
-
109 -394
123ft
4 -
162
159ft-
Z64 -63ft-99ft-19ft
52 -62
ft
89 ft -1J4ft
1C694
93 120 -
2 -
20 ft-
21ft-
1330
354 -
19ft-
11ft-
1J7ft-
55 94-
37 ft-
94
-74
1 1 8 94
24 ft -20
ft
594 -92
48(4
:oft-
5
C494-
y4
1454 -92
-i
414
79 ft
39 ft
62 ft-74ft-105
ft
3 5
6ft
14ft
:2'4
50 ft
y2 -
44 -
91 ft -100ft
26ft
29
78(4
10994
3ft-
4994 t
454-
724 -
39 "4 -
137 '4 -
11
eon
124 -120ft
40 '4 -
194
5 -22
-13ft-35(4
-48
-
136 -
136
1134
37 ft -
158ft
5 ft
r5ft -36
4ft -16ft
25 H
19 ft -16ft-
97 H -
103 -
60 -
138
95
13 ft
(A -109
'5
B"'" In I STOCK Hlfh
003 SH Lehtgh Valley 6B
80 3H Lima Locomotive.... 60ft
633 .. Le6W'B inc 2i ft
;03 .. Loese Wile 6114
"V" 7 LOU SV n N'llh. 13B
.. Mack Truck 9
4 Mackay Ce pf 69
.. Malllnien Ce 3614
7 Malllnien Ce pf . . . . S3
.. Manatl Sugar 42 ft
7 Manhat Elev Guar. 52
2 Manhat Shirt 42 Vi.
6 Mar St Rwy pr pf . . 67
4 Marland Oil 3994
i Martin Parry Cerp.. 30
t May Dept Sters...140
II Mexican Petroleum. 1 84 K
6 Mex Seaboard 1694
6 Mex Seaboard Oil et 13ft
s Miami copper Z.
830
103
833
100
tee
100
100
200
1203
233
100
20330
7930
123)
100
7100 l.se Middle Statee Cerp 1394 1
94
1
4
14
ft
ft
ft
ft
ft
ft
94
ft
ft
m
ft1
14
ft '
H
ft !
ft
H
H
1430
100
103
333
303
730
1203
200
1103
103
203
1203
100
333
103
303
833
1400
20)3
103
20)3
333
633
53)
100
10J
233
9)C
100
203
300
10)3
833
11430
10203
2633
2230
2033
103
200
430
103
103
2100
230
5)0
1533
103
203
9)3
100
433
200
630
100
6203
100
200
2833
530
1033
103
10)0
23)3
103
100
1933
70j
100
43)
3)C0
Mldvale Steel 33 U
Mln A St Leut 8ft
.. Me Kan & Tex (wl) 18 ft
.. Missouri Pacific....: 2194
.. Me Pac pf IB
.. Montgomery Ward 22
1 Moen Moter Car 17
ft Mether Lode Mining 1094
7 Nat Biscuit 200
.. Nat Cleak ft Suit.. 6194
.. Nat Cen & Cable... 1ft
. Nat En A Stamp.., f594
7 Nat En & Stamp pf10094
6 National Lead 10894
. . Nat R R of M 2d pf 4
.. Nev Cen Copper... 16ft
N O Tex ft Mex... 82ft
.. NT Air Broke rte.... ft
R N Y Central fB
6 NY Chi & St LeulB. . 8994
.. New Yerk .V H A H :0 ft
2 New Yerk Ont & W 25 ft
7 Norfolk & Western. 11994
5 North American.... 6 ft
. North American rte 27
6 North Pacific t694
.. Okla Pred & Ref... 24
.. Orpheum Circuit... 26ft
8 Otis Elevator 159
.. Otis Steel 1
2 Owens Bet Mach... 40ft
.. Pacinc Devcl Cerp. 4 94
5 Pac Gas ft Elec... T5ft
3 Pacinc Oil 59ft
6 Pan Amer Petrel... 7894
Pan Amer B 5
2 Pennsylvania R R.. 4Bft
.. Penn Seaboard Steel 6ft
6 Peeples Gas Chicago 96 ft
.. Peoria ft Eastern... 21
.. Pere Marquette.... 17 94
6 Pere Marqu pf 74 ft
3 Philadelphia Ce.... 4394
2 Phl'llps Pet !2ft
.. Pierce-Arrew Moter 14 ft
. . I'lerce-Arrew Met pf 25
.. Pierce Oil 7 94
. Pierce Oil pf 50
4 Plggly Wiggly Stere. 43 ft
6 Pitts Ceal eOft
7 Pitts Steel pf 974
.. Pitts V W Va 38ft
1H Pend Creek Ceal... 20
5 Pestum Cereal ....114ft
8 Pestum Cereal pf . .111
. Producers Ref. . .. 49ft
7 Producers & Ref pf . . 47
6 Pub Scr Cor of N J 6 ft
8 Pullman Ce ISO
.. Punta Alegre Sugar. '8 94
2 Pure Oil 32 ft
8 Railway Steel Spg..122
.. Ray Cen Copper... 15ft
4 Rending 894
2 Reading 2d pf .... .'2 ft
. Rem Tvpew 1st pf. . . 91
.. Replegle Steel 5 94
.. Repub Iren ft Steel. EB
Rep Iren ft Steel pf 6 94
Lew
67 ft
60 ft
21ft
61
13B
Eeti
69
35H
93
42 ft
52
42 ft
66ft
39 ft
30
140
180ft
IS
12&
19
1394
3? H
Oft
18
21ft
57 94
21ft
16ft
10ft
197
61ft
1ft
3ft
10094
K8ft
4
16ft
2
94
'ift
"h
ft
2
H
iB.:
.. Republic Meters.
3 Reynolds Teb B
3100 4 13 Royal Dutch N Y.
94
56 94
tBft
1694
29 ft
51
?8
I
ft
1
ft
ft
1ft
ft
ft
4
'"ft
94
94
1
1
35 ft
85 ft
99
134 -7ft
-'5
83ft 294
1
31 M
P294
39ft -12
-43
9tft
14
85 -84
-
21 ft -
22 -115
116
4ft
ft -
1 V . .
3ft- ft
37ft 1
2894- 94
1594- ft
02 -17-
-58
ft
17 4994
9 ..
20 94
24 ft
394- ft
464 94
103
4294 1
35 - ft
8ft Ii
185 ft
81 ft - 94
3594 B
94
'ft
194
1ft
94
ft
ft
ft
103 1 St Jeseph Lead...
10)3 ..St Leula San Tran
233 . . St Leuis S Fran pf
103 .. St L Southwest pf.. f3
2100 .. Savage Arms 1994
23J .. Saxen Moter 4
100 .. Pears-Roebuck .... 0
100 .. Seneca Copper 10ft
10O156V4 Shell Transport... 30ft
30233 2 Sinclair Consel 37 94
703 8 Sinclair Cen pf 102
2933 .. Skelly Oil 11 94
100 Se Perte Rice Sugar 45 ft
16J3 6 Southern Pacific 94 ft
30)3 .. Southern Rail 17(4
98)3 .. Southern Rail pf... (8
533 . Splccr Mfg :Oft
103 8 Standard Mill 136ft
15433 4 Standard Ol. of Call 32
21833 5 Standard Oil of N J228ft
100 7 Steel Tube pf 80
1103 3 Sterling Products.. 18ft
230 3 Stewart Warner Spd 5194
333 4 Strerrberg Carb T6ft
17133 10 Stu.lepiner 133
200 7 Studebaker pf .. .115
27v)J Mb Ueat ierp ... 8ft
1103 .. Sweets Ce of Amer. ?ft
100 . Tenn Cep & Chem.. 94
2520 s Texas Ce 50 ft
210) 4 Texas Gulf ft Sulph. 604
103 .. Texas ft Pacific... 30
1830 1 Tex&PacC&O.... 27
100 .. Third Ave 21 ft
430 . Tldtmate- OH 153ft
2900 3 TimkenReIlBr 31ft
2833 .. Tobar-e Products . 4
3700 7 Tobacco Pred A 64
100 7 Toiaeee Pred pf...lC9J's
200 Tel St L ft W 74
23J3 Trm"vntlnntal Oil 15ft
100 10 Underwood T pew. 145(4
103 UnKn Oil iJft
1033 JO Union Pacific ... .U094
100 4 Union Pacific pf . 784
103 2 United Alley Steel 37 4
100 7 Un't Cigar Stores pf114
200 3 T-ntfd Drug 1st pf 49ft
300 8 United Fruit l5ftB
. . United Rwy Inves 14ft
. Unit Rwy Invest pf 32
. . United Retail Stores 82 ft
. . U S C I P ft Fdy 34
..US Ind Alcohol
..US Realty & Imp
. U S Rubber . .
8 U S Rubber 1st pf
. U S Smelt ft Ref
1 U S Steel
7 U S Steel pf
2 Utah Copper..
. . Utah Securities . .
. Varadlum Cerp
7 Van Raalte 1st pf
, Va-Car Chemical
Va Iren Ceal ft Coke.
. . Vlvadeu Inc . .
. . Wabash
, . Wabash pf A
D Wella Farge Exp
7 Western Elec pf
7 100
700
3700
203
630
2300
6330
530
200
27930
200
500
200
1400
100
100
100
200
333
703
800
630
100
Irn
1833
333
100
103
330
Q100
200
500
503
200
43)
200
300
100
. 54
. 8 ft
44
100ft
43
1C6ft
1 22 ft
. C6 94
214
46ft
100
28
53
. 1394
. 12
32 ft
93
.109
.. t.eeiLrn .u.irj'ana. my
. . Western Pacific . 17 94
7 Western Union Tel 11794
4 Wasting E ft M C2 94
4 West E ft M 1st pf 71 ft
. Wheeling & L E .12ft
t White Eagle Oil.. . 31 94
4 White Moter.. .. 0ft
. . White Oil Cerp. .. 7 94
. . Wlckwire Spanc Stl 13
. . Willy Overland.. . 7
. . Willys Overland pf. 43ft
. . Wl son ft Ce .46
. . Wisconsin Central . 31
8 Woolworth F W , 199ft
1 Wright Aero . . . 1014
?6ft
8994
30 94
25
119
S694
27
b694
294
25J4
199
12
40 ft
4ft
85
58 ft
7694
73 ft
48 ft
6
6 ft
21
37)'
74 ft
43ft
t194
14ft
34 ft
7
50
3
60(4
97 94
38 ft
20
113ft
111
48 ft
47
16ft
128
48
22
122
15ft
78
52ft
91
i4ft
1794
86 94
294
6
57(4
1894
29
51
53
17 ft
44
SO
10(4
38 ft
37
101
11
45ft
3ft
594
64
iOft
136ft
129ft
223 ft
80
i7!4
5194
16 ft
'31ft
115
794
2ft
994
'994
59 ft
30
264
21ft
152
31 ft
624
5 ft
1C9ft
74
'4ft
145ft
'9ft
150 94
784
37 94
114
49 ft
155
14ft
31
81
34
65 ft
87
52ft
100ft
43
IGSft
122
694
2194
4 5, ft
100
28
53
13ft
12
32
91
109
14ft
17 94
116ft
62 94
71ft
12ft
31ft
50ft
12ft
7
43ft
45 ft
31
1Q9
10ft
Teday1 Net
CIOM Ch.
68
6940
2194 61ft
138 19
69
33H
93 -42ft-
52 -
42 ft-
e
39
30 - IK
140 M
1B3W 3ft
1CK 94
134 ft
19 ft
13H ..
3394 ft
Oft ..
10-94
2194- ft
88 - ft
21 H ..
1H
104 ..
198 3
61T4 94
IK ..
f5ft ft
10094 94
K8ft- 1
4
16ft
I2ft -11994-S694-27
8694
294
SSJ4
159 -12
-40ft-494-T5ft
5894-
78ft 194
75 194
48 ft
6 -
96 ft
21 -374-74
ft
43 94-5194-14ft
35
7ft
50
43ft
60 ft
97 94
38ft -20
113ft-
111 -4894-47
694-
128 -4894
3294-
122 -15(4-78
ft
52ft ,
91
24 ft-
1794-8694-294
6 -S8ft
-53
6ft 1ft
4H- ft
0 - i(4
10 ft ft
33ft ..
37 ft
102 2
11-94
45ft ft
394- ft
27ft 194
6754 3ft
70ft- 14
136ft 1ft
131(4 1ft
228ft 8ft
80 1
57ft- 1
5194 ft
6ft- 4
132 94
115
8
4994 -60
-30
26 94-2154-
152 - 1
31 ft ft
024- ft
L5ft ft
109ft 14
74 1
15
145(4 2ft
1914
15094 78 94-
3794
114
49ft-
LOCAL TRADING
ON SMALL SCALE
very Indication of a Bumper
Crep of Melons by the
Big Corporations
COMPLETE NEW YORK BOND TRANSACTIONS
LIOERTY nONDS AND VICTORY NOTES
94
94
ft
94
ft
14
ft
'h
H
ft
'ft
ft
ft
94
ft
ft
ft
94
ft
94
94
'ift
ft
ft
'"ft
2ft
94
ft
ft
(4
ft
i
94
4
94
ft
94
94
ft
ft
ft
Ith the exception e Pennsylvania
Railroad, trading In the local stocks wns
en a, small scale. In some of the In In
actlye stocks prlce changes were wide,
but iu the usually active list variations
were confined within fractional limits.
As a matter of fact, most of the local
stocks displayed a steady tone. Ameri
can Stores was taken at 105, the top
prlce of the week, representing a net
gain of 13 points.
American Gas held firm at 70. In
the utility group U. (J. I. common wns
up V nt 52 and the preferred at 50
represented a gain of A. A few trans
actions were made in Eiscnlehr nt Gil, u
Seint above the previous sale. Yerk
tallways preferred moved up 0
86 en odd lets. The Lake Superior
Income Cs were a weak feature of the
bend division, declining 2 per cent te
3lMi.
Unless there shall be a sudden change
in conditions there is every likelihood
of a bumper crop of "melons' in the
finnncial realm during the fall and win
ter. In all events, It leeks as if capital
readjustment Is going te be the pre
vailing fashion. There are, perhaps,
sevcral reasons te be found te explain
the adoption of this policy by most of
the larger corporations. Primarily, it
is a desire te bring capital and asset
value te a closer pnrlty. Then, again,
It could be attributed te Sinplcasant
taxation experiences since the World
War. Alse te facilitate a wider dis
tribution and ewnershln nf stock, there.
by avoiding hostile-legislation and ether
criticism likely te crop up when market
value of securities reach lefty levels or
vvnen dividends reach an apparent ex
cessive point.
The action taken this week by several
of the Stnndnrd Oil companies, it is
believed clears the read for similar no
tion by ether Industrial concerns. The
Electric Storage Battery Company
found it convenient this year te adept
such a policy and whlle the stock was
split up In Quarters n new high record
was recorded during the current week.
A market value of 57 nel only gives
an opportunity for the general public
te buy the stock at a reasonable price
but also permits the management, if
conditions warrant, of making n mere
generous distribution of surplus earn
ings which, If given en the original
capitalization and par-value basis,
would provoke a grent deal of crltlcim
and peslbly start a movement among
the trade for lower prices of the com
pany's products.
It Is believed in generally well-informed
nunrters that net only will manv
of the industrial corporations find the
adoption of a similar policy necessary
but the same condition mny apply te
quite a few of the larger railroad sys
tems. Ileeause of these new elements In
the situation the stock market has be
come one which is strange and sensa
tional te the elder generation of the
street. Besides, is almost beyond the
comprehension of the newer clement,
including these who have come into the
speculative field since the end of the
war. But advances and declines of five
te ten points in specialties arc looked
upon by opernters active In the market
as simply part of the day's work and
among them excite little mere attention
than fractional advances nnd declines
did in ether times.
.High
102 BO
101.40
101.es
101.80
100 80
100 A0
102.00
101.78
101,40
00
80
00
00.80
01.80
Itanse Sines Date et Issue
JUL
101.0
JOO. 8
1O1.0
DMA
May 22, '10
Sep. 22. '22
July 23. '22
July 24. '23
July 2.1, '22
July 14, '22
July 20, '22
July 28, '22
July 84, '22
July 24, '22
July 28, '22
July 20, '22
Juiy za, '22
July 27, !22
101.82 July 20, '22
100 88 May 10, '22
100,00 Apr. 8. '22
1.nvt nut
88.00 June 2. 31
86.14 July 111 '21
88 00 May. 10. 20
88.80 M 10. '20
81.40 Jiy ni),
Mny ai.:aip
June 4, '20
Mny SI, 20
July 80, '20
Mny 20, '20
Dec. 28. '20
Dtc. 20, '20
My 10, '2rf
Mny 20, '20
Mny 20, '20
My 20, '20
Mny 21, '20
SI. 8(1
00 00
84,00
84.00
81,40
88 BO
88.60
82 40
82 44
H2 00
04 70
04, 88
ltnnge. '32
lllBh Lew
101. 08
101.40
101.08
101,80
10O.80
me. 54
102 00
101.78
101,40,
Arte Hep'e As
1 81
Arcs Itep'e 7
1.... 101
1.... 101H
1.... 102
Chlnei Cevet'
H'K niy As
10 B1H
City Derne Rj
1.... 113U
City et Oerstn
e rets
1.... 110
City Berd'x Oi
2 81ft
1 80
1 81
City et Chris
tlnna 8
1.... 110
City of Copen
hagen B4e
ISALES l.V 110001
JTOHEION 110NDS
. taflie .. ' High f.nw 1.2. N ?3
04.84 Liberty nui, lens-n mo.es ion.. iff.1' itn.fna
04.82 Liberty 8Mi. reBHtnrefl. i..il,,.. 1 4, '"" .0J.'3
0.V7O Llberty 1st cv 4 1032-47 ,..ij,,.. iut)(08 100.0s, iniVn'j ,!, 3
05.A0 Liberty 1st cv 4s reg J....t ,;,.,.' S -..',,$
nn.BO Liberty 24 4s 1027-42 .., '' -if
0B, B0 Liberty 24 4s. reg , ,,, -
n-.OO Liberty 1st 24 9v4M; 1082-47 ...... ,.'.' " gt
00,00 Liberty 1st cv 4M 1082-47 100 24 100,03 iiinV; 11. V
0000 Liberty 1st cv 4 Us reg , ,"i' iW.U .41 V
101. 00' IM. ns Liberty i'fl cv h uizMii , ayw,m li'i.na iri.l'.v ....til
100.80 OB os Liberty .d cv,4H . registered no.es nn.ns An hi 7?
101.00 110.74 Liberty 8(1 Hs. 1928..... lltl.ll , of .""03 ,,.,.$
ine.Rrt 04,72 Liberty Sil 4'is. registered .00.114 (ii) 84 nnU M W,
101.80 08.80 Liberty 4th Mm lM.I-nS.,. lde.30 tOO.tJ in?'? 'H J1
10102 05.70 Liberty 4th 4. registered tee 14 10001 iSX ?2 -ii V
100.08 100.02 Victory i, 1033-28..,. ,..,. 100.42 100 40 intftt M i-
10000 00.84 Victory 4. registered 100.20 100,20 icM -'-.. $
'
3.
1..
n .
1..
Philadelphia Stocks
, High Lew Clese
20 Am Gas. . 70 70 70
150AmS&C2Hi 21 12 21 'A
70 Am Strs..lO. 10.) luj
Net
chge.
ft
"ft
'2ft
94
ft
ft
194
94
ft
2
ft
I
ft
135ft
14ft.
32 -
8194
34 -65
94
614
5494 194
1004 94
43
103ft
122 ft-694-2194-46
ft
100 28 -33
-
1394
12 32 -91
-
109
f
11794
12ft
31 ft-EOft-794-12ft-7
-ft
46
31
199 - ft
10ft ..
,.is - wnKf "ok.
1UTU ce U.. I78 e"s
210 Elec Ster i"5Vj 55i
00 Erie Light
pref ... 25 24-ii
J.IU in v.e .1 -i"VS 1U78
100 Elsenlehr. 00 GO
045 Penna RB ISW. -iSi
fiOrPcnn Senb
Steel ... 0i
25 Phila Ce
cum pfd. 4.1 43 9
50 Phila Elec 31 3 31 Vj
1 Kt
55 ft-
3
243j 1
40b-1
0!) 1
48if. i8
0i 014 H
07
43 .y,
31 i3..
07 ..
1 A
2'4..
B2..
5(5 ft
7
ft
1
ft
ift
ft
94
14
14
ft
14
94
American Rwys.
8s, 1925
GARRISON & CO.
WIDBNBR BUILOINO, PHILADELPHIA
WIWHM
1U Vwk liech Cichmi
TniPHeaM
Purtavurwu $ptn VP9
C. S. PATTON & CO.
SD . rilKslNI'T ST3.
BANKERS
Surceshera te
SAII.KH A hTI'.VKNSON
Bend nnd nlerkn lieimlit nnd neld.
k II Lawrence E. Brown & Ce.
f: U CERTIFIED PUBLIC ACCOUNTANTS
ti I XEAI' ESTATE TRUST BZ.DO.
IV - laTMilnta and adjust rorpvritlen and
f.) 1 . MrtatnAlp account and prepare Incemt
til M it " v
NEW YORKJANKSTATEMENT
Deficit of $23,051,900 of Legal Re-
serve Requirements Shown
This Week
The weekly New eik hank srritp.
mciit today t-hevvH n dlirit of U3
051,'.i00 nf lpgnl rc.rrVH requirements
' bv tlie Cleiulns ilntise in-titutnnH.
This ic'-iiltccl from a dr-rrrase of $!l,-
"70,000 in vpmmvh 1 rpilit at tlie Feci-
..rnl Itcttrvn Illlllk. effK'ttillS the re-
I . K .1 .ml. . 1.. .1 t" 11-ti inn T.nnnB- fftr..
miceii nam. 11. 111 ui. .?..i..M-..mn , f.f, ln viulta .
' " out ruction In demand ilepenlth. I.aut member banks.
vveek'H SUrnlllS of S,"8,."3U.750 was ne- R-srve In mam-
imdillKl) '1P'I '"" InaMtiK the deficit rrve banki;
an wtated nlieve I.equh nnd disceiintR newrve In Htat
detli'iihed ?7, 707,000.
Detail fellow :
br banks and
rerev banks
Ileserve In Stata
binks & truM
companies
R8rn In State
bnnda anJ trust
cemrany tlepeal-
tnrlp
Net demand de
11-allB
Time deposits..
1 Iri-ulatlen
U S. deposits
deducted
51B.54.1 00O 814,024 000
T,n47 000
8.041. 000
7 COS 000
D 071.000
Excess reserve.
Aggregate ree
3,nia,S2fi enn 3 002 14 000
446,311,000 444, DM 000
el.imi.u'i'i el fe uuu
37.408,000 41 272 000
ACTUAL
'IhleWek Last Week
t2.1 BOl.nOO JH 1311 "liO
4tin,eir. oeo n"s .172,000
4, (ISO, 1503,000 4, 507.802, IKMI
S,727,O0O n5,sno,eoo
478, SSI 000 6W 601 000
a munn
IhlM Www I.ant Vfk
ICxiess reHerve ti,374.3'j0 S.ovi.ie
AtXTtsMe Ten . .133. .'"11.11110 r.31 .101 nOO
Ixans, etc 4,5&1,IU,U00 4 576.700,000
Cuah In vault & .-.J..
member banks. B8.yO,l 117,921,000
Heaerve In iiirm-
banks and trust
companies . .
Reserve In Htatn
banks and trust
company depesl-
(nrlnM .....
Net demand de-
n,B,n .....
Tim tlepeslta
circulation ....
U. H. depealla
deducted ,...
tDeflclt. JEiceas.
R.053.0OO
D, 071.000
7 nijn een
II 011,000
3. 877. 045, OOO 3,030 017,000
440 038 IMKI Ml, H21,IIOi
31.033,000
3.1,040,000
31,0,1.1,000
30,887.000
Cern
December
Jul)
Wheat
December
May
Jul)
Oats .
December
May
July . ,
Itye
r-ember
May
Rlba
October
I.ard
October
January ,
Uld.
GRAIN MARKET
Test, close , Open
9 01H
11 A.M
fllH
034,
38
80
38
1
88UO
OH
804
8SH
'l$W
8SU
80S
88V4
Tl
72H
.10,78
.11.43
. 0.2T
COTTON MARKET
PrevleuB
Clese Open
Ocl 21.21 itl.10
ec .'1 fll yi.ft.1
Inn . 21 43 21. 0
March 21 K7 21.59
May. 21.53 21.55
July. 21 82 SI, SB
Spot 11.15.
High
21.40
21.88
2l.ne
21.75
21.73
2185
Lew
2I.2H
21,50
21,80
21.54
31.51
31.35
Clese
21.30W31
2J.fi2i)0
21.4NfcM
21.B0W05
58V03
21. A0
21.58
21.42
223 de nrcf.. 3:
10.') PUT.. 33't
te Phila Trac 07
lOOTone Helm 1"
OOTone Mln 2Vi 2V
123 U G I.... 32ia ft'l
11 de pref . . oil 30
20WJer&S37 37
20 Yerk Ilw-y
pref 311 30 30?i
1Net change made by comparison with last
sals en .New TerK block Exchange.
Total rules. 2130 shares, compared with
00H8 atinrea yesierdav. Tduh far this w,k.
88,732 shares.
riIILAl)KI,rilIA nONDH
1000 Liberty 2d 4'4 '-12 00.9
12000 Victory ls 23 reg 100.02
100 Amer (ins i. Electric 5s. 90
1000 Atlantic Het deb .'. !)!l
COO Lake SuiHMier inc 3s 31V,
1000 Penna Ken 1'as '30 1M(.
400 Phila IJUxtrle 1st ob.... 101
1000 Phila Eleitrte 1st 3s.... 100
Total, J17O0O cemcareil with J51.600
yesterday Thus far 'h'i week. 4230,630.
MARKS TOUCH ANOTHER LOW
German Currency Quoted at .04
In Foreign Exchange Market
New Yerk. O, t. 7 The mnrket for
foreign exchange was dull today, and,
notwithstanding the unrertnln situation
in the Near Hast, us shown by the
latest cable ndviees, there were almost
genernl advances. Meiiinff at the end
was lc higher ; franes nnd Belgians
were up 2, lire down 'i, KvvIsh up3,
pepetas up 2, DihIrIi up 1), Norway
down 20, Swedlh up 3 nnd gtilldeis
up 4.
QuotntienR vveie- Sterling rabies
1.42V4, demand 4 421ft: franc cable1)
7.01. rheckw 7.00 ; Dclclan cables
7.13. checks 7 12', : nr(. cabl(.B 4.20,4.
checks 4.2t?' : Svvl-s cables 18.73,
checks 18.70; peeta cables 13.20, checks
15.18; Danlh cables 20.34; checks
20.20; Nerwnv cables 17.71, checks
17.00; Swedish cnbles 20.51, checks
20.40; guilder cables '33.84, checks
38.70; marks. .04.
New Yerk exchange was at an In
creased dlN-nunt In Montreal today,
the quotation being 1-lfl per cent.
Canadian funds in New Yerk were
higher at n premium of 1-10 per cent.
This Is n new high en this advance.
The Central European exchanges
were Irregular. Quotations were: Bul
garian, .03; Rumanian, .fl5'(i; Serbran,
1.55; Greek, 2.80; Czecho-Slovakian,
3.40. Other changes were narrow, .as
follews: .lugn-Slavlan. .38: Polish,
.0110: Finnish, 2.25; Austrian,
,0014Vj 1 Hungarian, .0004, a new low.
YEHTnmiAY'S PI3SINO QUOTATIONS
Bterllng Franca I.Ira Guilders
IJemand 4 41H 7 50 4 20 38 78
Cables I 41S 7.50V4 4 20V4 38 83
TODAY'S OPKNINQ QUOTATIONS
hterllng Tranca I.lre Oullrtera
riemanrt . 4 4IS 7,50'i 4 20', 38 81
Cables 4 42 7.00 4 80 38 86
C LOSING QUOTATIONS
02
...02
... II"
... 01K
Lvun
2 81U
1 fil
B 81 i
1 .... HI
8 81 U
City Mars
1 8U,
4 80
Cty of Mente
video 7a
1 .... 02VJ
3. ... 02
2 02
Cty Itle de Ja
nerle ct 8a
2 00
1 00,
Cty Itle de Ja
norle 8a
2 OD'i
2 004
7(sale) 00H
2.... 100
Cty San 1'aule,
8a
3.... 1011,
3(s(ile) 101 1 j
7(sals) 101 '4
1.... 102
City of Sols Sels
eons Cs
1 70H
2 .... 7IH4
1... . 70
City Zurich tjs
1 ... 114
Czocho-Slevak
Rc'a 8a
2 04
8... . HI
Denmark Cen
ct A 8a
1.. . 10SI,
Dept Seme 7s
1 87'.
4... . S7
2. .. hS
De Can 5a '26
1 0
D Can SHs'SD
1.... 102
8. .. 101',
n.. . iei
2 ..102
n. . 101 ;
De Can 5s 'ii
fl. .. 001,
3 . fiD'4
1.... 0l"4
Dutch K Ind's
rcta Cs '47
8. . . 004
8 .. OH
Dutch K Ind'a
rets 0a 'C2
25 .. . 01 U
2.. .. OIV
i nvi
1.. .. 05
10(sale) 03
1..
8.,
8.,
1.,
1 Afttt
8 0511
Oeva't French
It 7Hs rcta
A.
1...
8...
80...
2...
fl...
2...
2...
1...
1...
n...
l...
l...
i...
l...
8...
8...
0...
S7:::
a.
07
07 U
07 ,
07
0714
07
07H
07 U
07
OOTs
07
00 t
OOH
07
07
07
07
OflTt
07
00
07
.Oeve't French
nep'e 8s
10..
2..
1..
1..
0..
2..
8..
4.
101
101
101
100i
10O
100V,
100
100H
Helland-Am n
Line Os
IB 88 H
4 88
3 88
Jap Oeven't 4s
3.... 80
1. ... 81
3 81
1. .. 804
Jap Govern t
2nd 4Ha
n .... 03
K llelglum Is
II... . 00
K Betrm IV, 1
n . . 103".
1 .. 103S
K Belgium bs
8.... 103H
5 ... 103V,
2. . . um
2 103'i
5 . 104 4
Kingdom Den
mark Cs
4 00
1 ... OR.
2 00',
2... . 004
2(eale) OSTs
2(sale) OSS
1 08).
2 .... 00
Kingdom Den
mark ct 8s
1.... 110
1 100
K Italy OVis
1... . ea
K of Nether
lands Ca
6 054
1 084
0 05U
3 05H
1 OBa,
Kingdom N01
way ct 8a
.1.... II214
1.... lists
K Sweden 6s
2 103-;
14 ... 103H
2 ... 104';
2 74T4
1.... 74R
Prague 7M
1 R2H
8 814
7(aale) Hl'i
Queensland 0s
1.... 103
Queensland. 7a
1.... 1004
Republic Boli Beli
via 8s
8.
2...
1...
8...
3...
2...
8...
4..
07 J
074
07
07W
07 K
07 V4
07
07
It Chile 8s '20
8.... 1024
It Chlle 8s '41
8.... 104
12.... 104H
0.... 1044
1.... 1044
8.... 104
R Chlle 8a '40
8.... 104
1.... 104
nep'e of Uru
guay 8s
7.... 107
State nie O'e
Du Sel 8a
0.... 101
12."... 1004
State of Sae
I'aute ct 8s
1.... 1014
2.... 102
I.... 102
V K Ort Brit
& I 84 a '20
17.... 107i
8.... 1074
11.... 107
10.... 1074
U K art Brll
& I 84 '37
1.... 1034
1.... 103
1.... 103
1.... 1034
U S Brazil 7a
2 01
2 004
7(ale) 00
1.1.
3...
2...
1...
3..."
Paris-loons M
rialry Os
2 7.1
74
74 U
714
74
744
Alaska
e.v! fl.
05 S! 1
05V 2
03'. 1
DOMESTIC BONDS '
Oeld Hush Bld'B .1s!C6l Indus'l 8
00
01
004
UOH
00 V
00
00
Un'd S Brazil
74a rcta
3 804
0 80S
7(sate) 80
8 804
1 604
80'i
U S Brazil R
Or'd Trunk of
Can 01 rets
3.... 103
Or'd Trunk of
Canada 7
a.... us
Great North' n
IUll'y let
1 034
4 034
Oreat Nerth'n
niy 84
n.... 1034
10.... 103
Great Nerth'n
lUU'y 7s
1.... 1124
Havana n Let
A Pwr 6
2 83
Hudsen & Man
adj Bs
1 024
6 024
Hudsen A Man
fd 8a
8 fifl
Humble Oil A
net's 84 s
10 004
1 004
1 004
C A Nwn 34a
8 004
Ills Ccn'l 64 a
4.... )02
0.... 102
I" Steel '4
14 03
10 084
Indl'a, Steel 5a
1.... 101 h
0 ... 1014
Info Met 4 4a
1 10
Int M ct 4 4
10 10
3 10
Int'e Mctrep'n
ct st' 44
t IS
10 10
1 . I ill.,
Interb'e Hep
Tran fd 3s
4.
18..
20..
0..
0..
a..
4..
12..
10..
10
734
734
734
73
734
734
73 4
73 U
72
734
4..
e
ii. !
3..
5..
1.
102v
102S
in.",,
1024
102
10
U S Mexico 4
1 ... 304
fl 30
U S Mexico 3s
(1 514
8 .... 534
5 63'4
23 63
15 B3
5 53
U'd S Mexico
Large 5s
5 61 l
2 624
5.. .. 514
6 ... 51
5. .. MS
U S Steam S
Ce Cep os wi
1 .... Ol'i
Mine pv H ' 1 .... 034
1 04 llueh Ter'l 6s
Anierlcn Aur 1 3 01'
Chem 7 4
1 1044
Ani'n Smll 4
Bet's Ss
4.. .. 044
0 04
10 .. 01
20 . . 05
American Sug,
Hef'B 0a
1 102
Ksale) 102
I.. . 103
Am Tel & Tel
cv 44a
5.. . 103
A Tel A Tel 5a
2 00.
B... . 004
1 . 00 4
A Tel A Tel Os
1.... 117
1.... 117
1.. . 1174
Am Writ P fli
3 80
2 80
Atch Ten'ka i
S Pe 4s
Canadian Ucni
Hlec Oa vl
3 103,
Cnneil'n N 7s
1 .. 1134
Cana n Pap 4
10 824
Ctl leather Bs
1 ... 08",
Central Pacific
0l'4
01
110s,
01
M',
014
Demand
Cables ,
Sterling Franca
4 42.4 7,lll'4
. 4 424 7,01
I.lre Oulldera
4 20 Ax Rj
4 204 38.88
ON HElONP THOUGHT
A dally column by Jay E. Heuse, written
about the Intimate thine of Ufa, by a man
who consistently refuse te be any one but
himself It win be found en the editorial
page of the PiuLlQ Lipeeb. ''Make It a
Hallt." Aiv. X
10.
2.
3.
1.
1
3
Atch T A a tt
Ad 4s
2 83
Atln'a Knet A
Cln 4s
1 . 88
A Coast I. clt
15 . 83',
Atl Coast I. 4s
6. . 00'
Atl'c Fruit 7s
1... . 33
Atl'c Ilef'K 5s
1 OT4
U A O cv 44 s
2... . 8.1
1 86",
Bait A Ohie 6a
2 OO'l
4 00
4 00
Bait A Ohie na
21.... 101
I. . 101H
1 . 1014
1 in.'
4. .. 102
B A O P I. n
A V Va Is
2 83
Barnsd'l Cerp
II 8s
1.... 1014
1.... 1054
1..,. 1014
Bell Telephone
of Pa 7a
1.... 1084
4.... 1074
(1 1084
D Steel fd 5s
1 08
Beth Steel Ss
of '80
2 04
Beth Btrel 0s
18.... 1004
Bkn Edl Ce St
3 08
Bkn Edl'n fls
1.... 104V,
Bkn Edl D 7
8.... 100
B Rap T ct 5t
1 004
Bkn Uap T 7s
8 05
8 Ot
n , . 05
II nap T ct 7s
8 014
Bkn nap Tran
ct 7 at'd
17 004
Bkn nap T hi
1.... 108
Bkn U Qas 7.
1 ... 1104
2.... 1104
Buffalo Itech'r
A Pitts 4 a
a 034
1st 5s
2 .... S0
Cere de Pas'e
Cep'r 8a
1 124
C A O c 3a
1 07 4
15... . 0
3 ('74
2 ... 074
Chi A Alfn 3s
1 534
Chicago A Alt
(.har 5s
6 1004
Chi H A , ..
1 .. 101
I. .. 1013
.1 ... 101',
5 .. 1014
Chicago A K
Ills Bs '61
1 .. 84
2 81.
1 81
Chi A O W 4s
1 . .. 61
12 52
1 ... 52
2 .. . 62
11 614
Chi Ind A I.e
5 of "00
1 854
Chicago Mil A
i't P 4s 21
2 M
Chicago Mil A
8tP cv 44 s
3 ,. 72
1 72
Chicago Mil A
StP fd 44s
6 . OS
2 . 08
3 .... 7
1 . . 08
2 08
Chicago Mil
StP gm 4 4s
1 884
! 88
Chicago Mil A
St V cv 5s
fl
1. ...
804
604
80
80
Cole A S 44 s
1 804
2 004
Cemp'e Tab A
Kecer'g 0s
1. . . 08
Cem Pew'r 0s
0.. . 02
1 . . 01
"(sale) 01
6 (flat) 02
2 (flat) 01
Crmvn C'k 5s
2 004
I. . . 00
Cuba Ce '3us
8a nta'd
2 SO!,
Cuba II ltd 5s
!..(.. 87
Del A H cv 6s
1004
D A Hud 54 b
1 1014
2.... 101
12.... 101
2 101
Den & n G fd
2. ... 51
6(salc) 8
1.. ..
10
18
0
2
1
10
3
Den A n O 4s
1 784
Den A n G Ss
3... . 824
IKimle) 824
Det Edl 5a '40
1 074
D de Nemour
Pw'r 74 a
2.... 1084
1.... 1084
1.... 1084
Dui Light 0s
7 ... 1044
8.... 101
Due: I.fft 74 a
8.... 107
Eastern Cuba
Sugar 7 4"
3.... 100
Hmplre Gua A
Fuel 7 4s
Interb'e nap
Tran fd ct
20 72
10 72
1 724
Interb'e Itnp
Tren 7s wl
08
08
08
08
OS
514
634
53
10..
10..
1.1..
24..
1..
4..
A
Intcrn'l Acr'c
Cerp'n 5s
2 81
1 80
2 80
Int'l A a-ent
N'n ct Sa
4 . .. OS
Intr'l A Great
N'n aj 0s wl
2.. .. 51
1 . . 5.1
11 53
4 .134
I M Marine us
1.... 01
8 ... 01
2 034
Int'l Pap b 5s
Ksalel f04
3. . 80
.!: Si1
invincible Of
Cerp'n 89
10.1'
3..
8..
1 .
2..
4.
6 .
fl .
101
10.1
103';
103
lOJ'i
101
let
77
77
774
78
J7'4
2
1 .,
1..,.
,vj 2....
:...
Chicago
nays 5s
2 81
5 . . 82
Chi neck I A
Pae fd 4s
1. .85
Chi St Leuis
A N O 6s
1.... 104
1.... 10-IS
Chi St Paul M
A Omt 6s
3 074
Chile Cep'r 0s
1. ... 004
2 .. 00
l(sale) 004
1 00
Chile Cep'r 7s
1.... 1074
1.... 110
0 ... 110
2 ... 110
1. 100
Cln Qas 54 s
3 ... 100
CI'd Cln Chi A
St Iuls 0s
5.,.. 102
Cleve 8 L 44 b
5 08
Clevel'd Union
Ter' B4
814
814
514
61
614
61
514
614
leiva Cent I 5e
1 . . 81
1.. 814
Knn CAS 5a
1.. . 03
K C T Illy 4s
1 814
Kelly Sprlng'd
Tire 8s
1.. . 107
Lacka'a Steel
5s of '60
5... . 03
2.. .. 03
Laclede Gis C
of StL 6s
1.. .. 03
Lake S-hore M
S'n 34s
2.... h0
Lake t-hore M
S n 4s '28
2 03
Lehigh Vnl 4a
1 S4
8 844
2 84
10 844
Lehigh Vnl fls
1.... 108
L Val en 44
8 024
Lex A E'n fls
2 074
L A Mvcrs 6s
1 00
Lerlllard C 6s
2 08
Le A Nash 7s
1.... 1004
10..., 110
La A N W 38
1 70
8 76
'Manatl Sugar
4 b
1 08
4 OS
1 084
Market Street
niy 1st Bs
4 00
Mldvale Steel
A Ord'e 69
3 004
2 00
1 004
8 00
Marland Oil
vrar'd 8a
3.... 124
Mil Hlec Ily A
'lit 6- -9
884
Mm & .st . .
1 44
M A StL fd 31
1 45
M StP A S Ste
Marie 4a
1 00
Me Kan A Tex
4 wl
2 72
Me K & T 4s
3... . 834
2 834
Me Kan t. Tex
5s nl
1 .... 80
2 .... 80
6 .... 804
Me Kan ft Tex
adj Bs wl
1 fl.1
10 0ST4
i 03
11 .... 01
20 .... 034
11 r,n
Me Kan A Tex
Os wl
24 07
M K A T note
4 83
Me Paddc la
1 00
2... . 07
1 C0
Me PaclP.0 Oa
6.... 101 4
1.... 101
Na tlennl Tube
Cemp y r
13.... 1004
20 1001.
7.... 101
2 1014
.New Eng'rt Tel
Cemp'y Ca
6 00
6 00
2 00
New Or's A N
E'n 44a
1 84
New Or Tex A
Mexico 8 a
8 7714
1 .... 77
1 . .. 77
4 774
N Y Air n 0s
1 101
N y Cent'l 4s
...01
N Y Ct'l en 4s
6 84'
" . .. 84
N Y Oent'l 5s
5 . . 00
2(sale) O'l
10..
3 .
47..
1..
6..
6..
1 .
1 .
6.
1..
1
1 .
08 T4
09
08
no
00
00
08
084
08
08
(10
00
N V Cent'l fla
.'. .. 100 .
N Yk central
M Ctl 34 a
1. . . 78
N Yk Edisen
C4s rctB
1 1114
N Yk Light H
A Pwr Ba
1 00
New Y N II A
Hnrt'd 0s
10 . . s.1
2 82'
2.. Hi
N Yk m .is
N Y Tela 44
2 P0
New Yerk Tel
6s of '41
10.... 1004
1.... 1004
3.... 100
"(eale) 100
8...,. 1004
n Yk vr a &
Beat 4 Hi
1 654
1 634
N'la Falli P Aa
1.... 1044
Nfk A Wn 4a
8 DIM
Nfk A W d 4s
1 004
1 004
Norfolk & Wn
cv CJ
10.... 1184
8.... 110
10..,. 1104
N A Edl'n Ce
0s rcta
3 054
10 064
4 08
2(eale) 00
North West'n
Bell Tel 7s
0.... 107
N Ohie Trae A
Light 0s
3 05
N Pacific n 8s
0 034
1 64
N Pacina R 4s
10 80
N Pae R Be wi
18 (flat) 00
4 00
8 004
N Paclflc R fls
1.... 1004
1.... 10O
Nth 8 Pwr 8s
1 03
Oregon 8 I, la
3 024
Oregon 8 Line
guar'd Os
11.... 104
Ore-W R R A
Nrwl Ce 4a
2(snle) 83
0 83
2 .... 83
Otis Steel 7 4a
rets
2 05
Pacific Oas A
Elee 3s
1 044
1 ..04
Pacific Tel A
Tel 5a '52
1.. . 03
Pa R 34s D
.1 ... 814
Pa n n 4a 'oe
B 03
Pa n n 4n '41
2 (sta) 01
Pa II jrm 44 b
1. ... 03
1 03
Penna I! (14 a
1 111
2.... Ill
1 1114
Penna n R 7b
2 ... 110
1 110
0.... 110
Peoria A E 1st
5 80
Pere -Murqt 5s
1 00
25 08
Phllad'a Cem-
pany fd fla
7 101
.... 101
2 ... 1014
Phllada nnll-
vvava 4a
2 50
Plerce Oil 8s
D 004
Pertl' nwy A
Light Ss '42
1 87
1 874
A 88
neidlne Ce 4s
80
6 804
3 87M
StL A S Fran
aj 0s
3..
8..
7..
81 Ti
82
82
814
2 81
St L A 8 K In
IB 00
8 60
1 00
1 004
8 004
4 (epd) 00
2 004
3 60
1 004
StL A S Fran
Ser A 4s
2 74
2V..... 74
.1 744
StL t- 8 Fran
Ser O 6a
1 80
StL ft S Fran
Ser a 6s
2.... 103
1.... 102
StL A S Fran
B4s wl
fl..... 00
4 00
St Le 8 Wn
let 4s
8..... 78
St Paul M a
Manlt'a 44 s
1 00
Saks A Ce 7a
3.... 103H
San Antonie A
A P Rly 4a
10 78
8 Air L fd 4s
8 45
8 Air L aj Bs
10 38
Seab'd A L 0s
1 084
1 084
2 084
1 084
Sinclair C Oil
Cerp 7b rets
1.... 1014
1.... 102
1.... 101
B(salc) 101
1.... 101
3.... 101
1.... 101
Sinclair C Oil
Cerp'n 7Hb
1..
10..
3..
n..
30..
2..
8 .
0..
1004
110
1004
100
no
no
110
110
B(sale) 110
1.... 110
Sinclair crude
O P Ce 84a
1 00
Total lt, ..
rsterHuj .,
Total for week
S'n Pac fd 4s
004
l 80
'2 80
2 nna.
Beuth Perte n
tfugar 7s
6.... lOITi
Sn Railway 4s
i 71
8 70
1 70
2 T04
8 71
0 71
Sn Railway Be
1 08
2(sale) 08
Sn Rall'y 64 s
6.... 108
1.... 1084
7(sale)103 4
1.... 103
.... 108
00
Sparta 4g
1 01
Standard Qas
ft Elee 1st
1.... ion Hi
eianaara aas
ft Elee Os
6.... 1014
Stan Mil C 5s
z 004
8 00
Stand'd Oil of
want 7s
1.... 100
1.... 103
1.... 100
Term' I n R A
or St L 6s
2 00
Texas Pacific
1st 0s
2 07iu
Third Ave 4s
3 07
1 074
1 .07
Third Ave 6s
a os
Third Aal 5s
30 02
1 02
8 02
1 02
Tldewater Oil
Ce ct 04s
1.... 1034
.'.... 103
r.... 1034
Tobacco Pred-
uctB Cor 7s
0.... 100
Union Bae A
Jraper 0a
1.... 100
2.... 100
Union Pae 4a
-' 08
B 03
1 01
l(sale) 0.1
Union P fd 4s
letaale) 88
Union Tank-
Car Ce 7a
0.... 103
Unt'd Drug fc'f,
St teuls 4s ' -l
V'nub'rV.
86V
89H''
"LMsH'S
-....,. ,
6.... ,n
United Stiti,"
"icei os
CtahwV
.m os
B e.. 1
VVU c"m lT&i
I.... 1AAU !
Va-c Ch et t.
j m
74. wSW MJ
at,
1,
6,
.... Mti'
MS,'
.... etu"
Wabash R R4
IB, OS
1.... aa
Wabash T 41
T
Warner Sugar
" si
2?".. MM
8.... 1A1
West'n Ml 4,
J 6H
J 8814
2 agu
We'n Pae 1.
83
W'n Paclfle at
3 07U
West Shere 4a
I...., MK
W Union 0V4i
10 ... in
Wcstlnghs'e E
a -virg 7s
2(sale) 108
Wlcltw'a Spne
aicei 7s
2 ti
Wilsen Com
pany cv 61
S 8
,1 8H
11 08U
' 8H
6 8H
Wilsen Cem.
Pany 1st 6s
1.... lOttJ
6.... 101U
Wilsen Cem
pany 74s
1.... 108
2 ... 107
1.... 107
Winchester It-
Arms c 7i
4.... 103
.... ....
8.03t,000
5'2'e' 000
. SGO.314,000
NEW YORK COFFEE MARKET
Open High Lew
Oct. .
Nev,,.
Dc...
.Inn . .
Feb .
March
April .
Ma v..
.lune. .
Julj...
Aug...
nent
0.1.1017 0,13
0' e.'i if 08 o'.ie
Ytit.
Cloia
SV5
0 02
-Nominal
Clese
. . . -n.ii.i
... n n.i
0.00 0.1 10 12 nie
... 0.07 (j,
'OOS Je?
0 01 O.045I00 e.ttt
0.03 O.OO 0 00 6 0800.00 ?0J
-nun a eg
::: ::: .S:?S0W
8 00 8.03 8.04003 8,?S
8 80000
8 70
FINANCIAL
8...
10...
0...
0...
4. .
85
85
85
85
83
Rem Arms 0s
3 . 07
1 . 07
1. ... 074
Rie a & V Is
1 80
Reck ll'd A ft
Leul'a 44s
1 . . 834
nosera Brown
Iren Ce 7a
1 .. 00
Rutland Ball-
revl ct 5s
4 . 804
St L Pn Mt A
Illy 4b
3 88
2 . e-4
StL I Mt A 3
3 4 11411,
87
fi7'i
LATROnK-CONNELLSVII.I.E COAL
COKE COMPANY
First Mertuuge 80-enr 0 Sinking
,h. 'Jice, .'" hely mien that pursuant ta
the Sinking Fund prevision of the abe
Mortgage. datcd June 1, 1011, proposals will
be received at the office of Commercial Truit
Company. Truatee. City Hnll Square. Phila
delphln. for the sale te the Trustee ea
December 1, 1022. of a sufficient number of
bends tot consume the sum of 100,710.61
new In the sinking Fund at a price net te
e,x1e.cd. 102 aM accrued Interest Tts
right Is reserved te reject any or alt pro pre pro
resala In whele or In part.
Proposals Hheuld be sealed and mirM
rer,?,a.13 .for ?h nal8 et Lntrobe-Cennelli-vllle
Ceal A Coke Cempanv First Mertiatt
20-enr OT, Slnklnc Fund Geld Bends," and
h- presented te the undersigned before II
,.,cJ,kJn?,!"s .enJFh.1,rNnXi October 18. IMt.
COMMERCIAL TRUST COMPANY. TruitH.
. . , . . JOHN H MASON. PresldiM.
Philadelphia October 3. 1032.
blUAUU I'OJM MUltAUfc COill'AM
, . Sinking Jfuud Netice
Sealed proposals for the sale -e Fiddler
Trust Company. Trustee under thj mertrui
of the Olrard Point Sterage Cemrany, diuj
April 1. ISOO. of a sufficient lumber of
bends Issued under said mortgage te IetmI
the sum nt 120,380.72. will pe licelvta at
the office of aald Trustee. Nes. 823 491 cnest
nut street. Phlladelpnla,. until Menaiir.
October ICth. 1022. at. 13 o'clock wen, Tin
right la res-ived te reject any ana all bids,
riDMLITY TRUST COMPANY. Trust
WM. P. OHST President,
H'ltnile'nMri September 28. H22
04 3
.. I I..
NEWS FOR INVESTORS I
7.
1 .
4..
a..
1 .
1..
1..
10..
10..
104
105
105
.... , ,
05
(11
014
01
04 4
04
04
Erie Qenl Lien
4 54
1. ... 64
Erie RR cv A
2(sale) 514
Erie RR cv 1)
1 . .314
Erie RR cv D
1 64
1 .... 644
2 54
2 544
4 .. . 54
Erie RR Ce 4s
1 .... 03 4
Erie A Jer 0s
8.. .. 084
,Ocnl Refractu-
rles 0s
2 00
Qoertch D F
04 a rets
3..,, 102
1.... 102
2.... 102
1.... 10211
Coedycnr Tire
A Rub'r '31
1 00
1. .. 01
Goodyear Tire
A Rub'r '41
1.... 1154
2.... 115
Ornnby C Mi's
8 ft P 6s
2 08
t . ....
l'rodtii'tieu of the New Cerdelia Cop Cep
Jmn Cel"I"ln '" yeiitumlKT was .',0tl.,-
ttOll JIUUUII1.
United Verne Extension Mining Com Cem
J,nV'L, nJJ-'Ptember production totaled
.i.fi.ili.OM pounds of copper.
The Dnldwin Locomotive Works 1ms
rweiyed nn elder for fifteen Miknde tvpe
freiKht locomotives from the Leli'lch
Vnlley.
The average price of the twenty ac
tive ind tut Hills ndvnnied (1.47 r.,... ...
JCHteiduy te ()0Si, ullic , t
-" eiicei uuiiKtTs near that tu
1 iruniii.t ji'iiuriiiiciu win witiiin next
few dajs iinnouiKe nn i.Hiie of snoe .
000,000 114 per cent bends rumiliiB
fiem twenty te thirtj jenrs.
Sales of S. S. Krei-ge & Ce. for Sen-
uTh",nnfeHM,',2:,,J?1' nM """lured
with 5-l,J!)!),0,l, an increne et 1
12.ri37. I'er the hr.st nine mei, h,
of the .venr thej vvcie S4y..M M.7 in !
tempaied with S.'KI.MIS.tKm last v'eur
nn iiwrenhcef 5.-,17fl,110. '
Victory Nete reduction in .Senip.,,.
her totaled SSU.r.ir.O. of vvhleii ""
417.S0O ceiiHlstcil of the notes cnlTe'd
for redemption en December 15 i.vV
and pnlv 4l!ffl.D.-,0 was In neteT $&
run te mntuilt en May 20, llli'j Si
June ,t0 there were euthtnndliiK SS17
233,700 of the notes which hnu he,V,
called for ledemptlen, and 5031.810 -je
of thofe net railed, unking total r uP.
tnn&8e?l,utni,,,,l,B " 1"" 'ta Si,.
el)U,U.U,,)ll.
niti (lends
t'MTEII STATEH RUHI1FR COHPANI.
l'OO IUtOADVVAY
New Yerk, October 5. lOM,
The nenirt of Directors et the United
Stntea Itubbir Company has this day de
clared from Its net earnings a quarttrlr
dividend of two per cent (2T.) en the first
preferred stock of the company te stocX stecX stocX
helders of recnid. nt 3 P. M. en Monday. 0s;
tnlier 10, 1022 Dftinble, without cleslnc et
the transfer books, October 31, 1022,
W. II. DLACKWEIJ..
Treasurer.
Special Meellnrs
TSyMmCKi A SPECIAL JIEETIXO 0
fc-fir the Stockholders of The Kenslngtes
IIJBcIn Ice Company will be held at M
CJmpany'n elflte, Trenten Ave. A Muctlniden
St en Thursday Ottebcr 12. lOli. at 4iM
o'clock P. M. ' . .
The object of the moettnic Ij tha neralnj.
Hen of ofltcera for lha enaulns ear Slee
holders are requested te be present.
A n. P.ECHTEL. Secretary.
I'ropeaalM
n e t I r i: ..
HALE OF UNSEIIVIOMVHLE RTATB
The Superlntendent of Puhlle Oreunds 04
IlulIdlnB" will eifer at Public; Outcry, en tj
Premises, en Sntunlny Octuber 111' ' ii
ten (10) e'clnk A JI.. the Urpwn Blfnj
Stena und Slde Walls contained In Ibe Ap
proach te the Cnpltel Oreunds nt Ihlril ;r
Htule Hlioets and nt lhird and North streets.
Hiirrlfburc. Pa ... , ,,
Tne l'urcliuaer snail pay in lihwu "".:
it tlie nme et sme ic"-,v-
(26) per tent of the yurclnue rrlce and J"
balance tcfore lomevlnc anv pirt of m
inaturlnl purchnse from the 1 Mem iw,.fcjj
Cum ncy nt
of the muierlnl purchased shall be (
.... ,.n ...,P. nn... nut rnmeifa Wl
later than thirty days after day of !,, i
The rlKht la reserved te accept or reje i
"Verder of tbe Ileaid f .mmlistenjri
of Public Oreunds nnd. Uui dlnus of IM
Commonwealth of nWlVr.VlPI.ETON-.
' superintendent.
PAMl'BL n RAMDO.
becretary . .. ou
.vurueneer a. ii """
Te Brokers and Salesmen
Would you like te place n block of stock in aeund,
industrial company with geed bank references a stock
possessed of very exceptional merit nnd possibilities one
that will stand tbe ncid test of clean, dignified finnnce
which you can recommend te your friends?
Will make no advances, but will furnish geed leads, 8ivr
active co-operation and pay liberal commissions. Fer
..,:-..! -..ii
raiin.ulniB uim en or
Walten.
telephone Gee. A. Snow, Hetel
im Biiiv-ii-,iik.aag
."
, ' 11.?
el .Stj -G
JliA:
..' '-.
V,! i (