mww jjVf V - ' IV " ' 'ASfai'yi i urr r i WWrtTV? Y3W i VJ5$ P i .7 - -j EVENING PUBLIC LEDGER PHILADELPHIA, ' TUESDAY, OCTOBER1 l(f 1922 V .. .. .j wjv ,'".4!V', r.v if $ W? ntsw WJ ! b r 1 K fr H, ft SM ff l-JVI ii (u l.t Jr, im - tiMH umi-x 40,009 ATLANTIC REFINING COMPANY 5 non-callable: debentures July 1, 133 FREE IN FROM STATE TAX PENNSYLVANIA Followed b'j $20,000,000 Preferred Sleck quoted at SJIS and $5,000,000 Common Steek quoted about $1.00 a Share PRICE, 03', AMD INTEREST REELLY, BROCK & CO. 30G CHESTNUT STREET PHILADELPHIA MARKET ONLY FOR W4i ILUAIJJJlUi SAFETY OF CAPITAL Is th rnnliiinl 'atife Rn,,rn"s succeftil im tm.-nt A ub stnntlnl nx-oire uM i alie de de Rlrnble inrl ort; ,ri management Is impetatixe V nre offer. m; 'vn flr't clejeil inertita.ee bund') of corporations whoa nctllties are nationally recuBniitfd hecurm nnilrci a 'in mime1- b ment unn.ue'-'len.ib'.e J Combination yield 7 Vj r M llrirr-ptlir felde) in v';fit g te Fairman & Cemapny E Drcxel Building, Phila. g rtibliihei 1302 g I orn-'pet tent' LawrenceChambcrlain&Ce. 5 m 115 Broadway, New Yerk g tfT, i'iii 1 1 , 1 1 1 1 u f i i"a 1 1 1 1 i 1 1 j jfi , m1 '"idti&dtvij;;! BM WMNWMi MiaM I ILwgngcirar' Grand Trank Pacif. Lake Superior Div. l.t 4s, 1955 Cudahy Packing Ce. 51-1, 1937 Vtcksburg, Shrevcpert & Pacific Gcn'l 5, 1941 F. P. Ristine & Ce. Widener Cuiidisf, PbilidclpMt Kew Yerk Elizabeth. N. J. Member .Vrn Yerk ana fiuiaUtipnia ft'GCv AJCHJtltftK fZKWWHMVw&$ynwmtt MILLIONAIRE, i Sensational Blue Chip Came' Completely Shut Out the Small Trader Nen Yerli, Oct. 10. "A millionaire'-" tnnrket" probably would be the lift flttlnjr caption for the operation in to day's Meck market. The small trailer never hart n leek In. While hldi prired rperalltlpi made further ctifl ctifl tiemtl advances en lelent lulllWh drm I emtr.'itienn by strenu combination.', the general run of stocks were neglected. It was cr distinctly n nteek -dividend market for it was thee companies vthnie virplu.es are known te be ery larpe that wrtunlh dominated attention of the big speculators. Most of She news developments uere, of n constructive tjp", includinR tlu favorable menthl unfilled tennape ' statement of the t'nited State Steel ('ortinratteti and the apparent ever- i helmin mei e of the new TrenMirj S.'OD.fKMI (MiO .ffcrlnir rerelan ne was net stirtlinc in either direction, but the unnniimix with which the A'li-'t prevented tl.elr demandu n K'nerallv eperte' te liaxp a cooling effect en the 1 urki!i temper It i extremeh ileuht m i f'll in fact, it is almost certain, none S" of thece eent exerteil am -pi-t-til.t 1 1 c influence te speak of The chief melnc m force in in th" preceding spydens was' J thp belief main Industrial concern will J hasten capltalizntli u of Hurplun te head! i off am proposed Inciease in taxation C that ma. be brought before the ne.M J Cencrei" convenes C ' Whether thW idea i- tr!ctlr a Wa.l i Street ereutien remains te be seen. s there does net seem te be am peithei jj evidence coming fnun legislatHe ipiar- fers te indlcat" such a program was even contemplated. It nevertheless lias -'re(l te incite the specu'atue nmsi-j i ntie i and lias pnucd te be or" a highly contagious npp The presumption tin- diiubtedl will lentinue until the under- hmg motive of the Standarl Oil pre-' grain of recapitalizatien is made public irejieru I The opera tieim throughout the morn- i Ins Included many Ielent advances and riartiens. number of stocks making, new high r"cerds. while numerous nth- i er moved up te the highest puces es- i tabllshed se far this -.ear It was evi- ,dint. however, from the cla.s of steiks , fselected the se-called publi" was net ( pnrtirijint ln-i te any great extent, as, the issue-! forrmet were enh thesp a ' i Hi nnn "enlil jilav with, being nf n ' lytic necessitatin:: big maiglns behln I thr x our ire The Melence of the rise in htgh-pried stocks and a higher ruling rate for mil ' meney indi.cerl heavy pi-etit-t.iking. ami, 'Ms. teeth'-! with the belief in nun' Hiarters that the recent extensive ad- vain- bad placed the market in a weak- i ei ed ti)inlcal position, caused an! abrupt decline ireund the end of the tli"t hour Liquidation of I'.roeLl n i Hapld Transit i-teik cropped out en ril- ' mers ei i reorganization semewnat sim llnr te that of the Interboreugh, the common dropping fih and the certifi cates 4, nm1 heavipess of some of the i meter, rr.i uhandlsing and steel shares i resulted li lnsse, of 1 te '2 points m a number of the active issues. Standard ' Oil of New Jersey broke from 2.10' te ,ML,'. xh!!c Standaid Oil of (illfernW ' slipped " points ivlew lat night's iinnl ' figures lienewr 1 accumulation of, Mtxlcin ltd l'an -America'. IVire- hi'ii'., villi h w re up ?, , te neatl- li points, again tuned the course of the rra'ket upward before noer.. A few l ire- of A'hntic Uelining C.nipiim1 stork were sold at SI."." a sj. arc. or S7." ' a''ore estirda s c! sing price. ' 1 NEW YORK STOCK EXCHANGE TRANSACTIONS Only AfUmoen Rtpert in Philadelphia Quoting Full Litt AMERICA'S EXPORT TRADE veuld be crt:cr if Amricin Mcnufjc tuicrt would intelligently idvenie iSelr (.oed. in FOKniC.N COUNTRIES Jehn Clark Sims Company, ltd. Central AJttrlumt Attnsi 2 1 8 Seuth 1 6th Street (jgj PIIILADELI'HIA 3 4 A National Bank Under Gov e r n m e n t s u pervisien insures Strength and Security. f .Yffena fUn.i tA aSanfgi Dtpv, National Bank of Commerce 713 Chestnut St t-iihan T .ciw.u Prtudtnt Commodity Markets GRAIN MARKET Chicago. Oct. u The wheat mar ker opened stend. iinchangrd '0 0 Iilgher. ami early in the dav wa-. quiet I with nairew price clinnses l'he fiev- 1 ernnieiit r"iert fig, ires wue -lii;lit I smaller than epeite,, bit net eimugu ' se te be a fe'itur, ' i,( l.iverpeil mar- I rt .is i4ii te ",d higher The pelit - 1 nil 'I'lulien w.is net iiuiti rl-ll 11I t led The W'limlpeg mark t was 1 1. 1 hanged te '(c higlier mid. en the whole, thf re was little Incentive in t iUe nil nggresive n sitien eithei way The corn market deidined i.c te '..c 1. ..!. .,. -! . -. ( en me ifeiTiiiue;ii 1 rep I'iimate, wincu was about ."O.tiuO.dlMi bushels smaller than had been pre llcted. After the opening decline, prices ruled stead with little pressure te sell. Oats were featureless with ery nar row price changes. Previsions were iiet and slightly c.vler Ileg-j were firm and unchanged. 1 e-n Pr '",06" In Mm Jj r ' ti jj' OJ'l I Jj! lt r -. V!-i p.itu r I i-'l n 1 0. ill's 1 17'4 1 OS', 1 "'.'I. llwn (II f llll I.'f. 1 IH!j 1 OTU 11 1 n; 1 OSS, R I CiT 1 OJ', 1 ! M 'MS 1 1 e; 1 it, 0.', 1 Is) I 3..V, 1V lO (1 .-.7 Supervised Securities Yielding Seven Per Cent. The R. L. Deilings Ce. "Buildtri of Dutinett" Philadelphia Celumbui Indiinapelii 1421 Walnut Street COTTON MARKET New erii, (let. Hi --Tiie t, iten fu tu'e maiki't was less ic;n. , arl.v . and net V) hrm as it has bei 11 re'vn,l , With the exception et 1 1, 1 bcr vvi.ic'i opened point higlie;, nuti ll iriis.ii iriis.ii riens were at lns-i. of ; te s pi i.i-s The Seuth, Liverpool and .lapiii.es, inter"-ts were seller-, nn, Wall .-lire' and leial traders buught .strong spit new, was elfsi t 10 -., ,ie extflit l).v WMlklli-s of j;urr,ie ill e- ihanges. and 111 iiii-etilei .eai i:at situation, but tinders .iewe, 1.. ,. pnsiiMii te beeeun aggressive en the benr sj,ic, and seen af'er thf siart pilces reieveitil their rarlv losses V ' OH .I ; at -. .1 ;, st .' se i ll'l I"), tnb-l DftcenitT Junuur Mr.ft My July -' 'e 1 p M .1 i'l Jl se .1 HI .' s 't SO ! - II 73 31 -0 al I yubllr WHlHy 0cruriiira tHatk Sxtljtme SuiUiIng, JfljU. Amer. Gas & Elec. 6s, 2014 Lehigh Pr. Sec. 6s, 1927 Ky. & W. Va. Pr. 7s, 1950 Penna. Utilities 5s, 1946 rnentm Lecu.t OltO-l-t-i-t PrlTBti I'buDta te New lark Iloitea NEV YORK COFFEE MARKET New Yerk. ' t in The local i off.,. "' market opened 10 imuts higher ti un - ihauged. the advaiae helm; In ifrpene te the lirnie- rilinwiuv in the Mi uilnju lnarkits. Deiiiniul ter December ent tlint inetith te it Ull, or ll peinti jIiov, jIiev, the level of the previous (lese H.cember fi 10 1 31 Mrch 'i IS'ri in Mat . I) (H1J 10 July s M'rtflO beriembfr . R 07 wse iir.n 'i .' li 30 ii is 'fi 10 H 00 .nstr Tt Ulv Sn'n lii I STOCK ltlih 409 ,, Adams Expreti... 81 300 4 Air Keiluctlen 63H 100 ,. AJax nubber 154 200 .. Alnnka Juneau O M IS MOO Allied Chem Dy 84 '4 400 4 Allla-Chnlraert 57 V 'sOO 4 Am Dank Nete. 7414 '0J 4 Am B 8h Fdy new.. 8J 6700 .. Am Can 68 200 7 Am Can pf U0!4 3200 12 Am Car A Fdv 201 100 7 Am Car A Fdy pf .I21H 200 .. Am Cotten Oil .... 26Vi 100 .. Am Prus Syn 654 '00 ., Am Hide A leather 14 100 . . Am Hide & Lcth pf 71 'i 200 7 Am Ice 114', 100 fi Am Ice pf 91 'fi 200 $ Am Kxpreis 143 700 . Am lnternat Cerp. 36 103 7 Am La Ft Em pf .101 800 . Am Linseed 39 15603 6 Am Locomotive. .. .134 1633 3 Am Metnli 49'4 2003 4 Am Radiator 129 700 i4 Am .Safety Razor.. 7 7803 Am Ship A Cem . ?1 '. ' "00 Am Smelt ... .62 100 7 Am Smelt pf ... 10014 5000 f An, stM F(,un,.riri 45 ?i '200 . Am Stifar Kf . . 81 M ' ' Am Sugar Rcf pf .109W -030 n Am Tel A Tel . 123H 3003 AmTIATlrti. .. i "33 i: Am Tobacco 162f 803 12 Am Tobacco B . ..1E0 03 , Am Waterworks . ?7 03 . Am Watrwks (!-, ,,. ti 103 T Am Watrwks 7 pf -"2 4303 7 Am Woolen. ..101 U 00 .. Am Writ Paper pf 35 100 .. Am Zinc Ixl A Smlet 1914 '00 .. Am Zinc Ld A 3 pf. 52 M, 5700 ., Anaconda Copper .. 52 403 4 asbe Dry Goods . 63 300 6 Ae OH 125 1603 fi Atch Tep A San Fel06;i 200 5 Atch Tep A S F pf 93 200 . Allan Blr A Atlnntlc 2", 203 7 Atlantic Coast LlneM8' 100 Atlantic Fruit .. 2 64 20 Atl Kenning . 1575 103 7 Atl Reflnlnr; pf 117'i '0J . Atl Oulf W I S 3 30 "j 1200 .. Austin Nichols . 36 14203 7 Baldwin Locemotivcl41 't, 1403 .. Baltimore A Ohie. 56 'i 1203 .. Rarnedall Class A.. 38 'j 100 . Batepllas Mining .. 7, 5700 6 Beth Steel B ..77 4 .900 4Sc Beechnut Packing . 14 100 .. Beeth Fisheries.. . 8'J 100 .. Brit Km Steel ... 14 '00 . Brit Km Steel 5 J pf 36 100 8 Brooklyn Kdlsen 119'i U4J0 .. Bklyn Rapid Transit 22 U 6000 . Bklyn ItT ctfa of d . 17 200 s Bklyn Union Ga 117 '4 BOO . Brown Shee ... 62 V 200 7 Bush Term BM pf 99 63 0 Buff Rech A Tltts . 74 800 .. rtutte A Sup Cep . 34 '00 . c'adde Cen O A P.. . 11 H 4300 . rallfernla Petrel .. 63 j '03 7 -a Ifemla Pet pf . 05 833 . Cnl Zinc and Lead . 9'. 200 2 Calumet A Ariz ... 61 1330 je Canadian Pacific ..!64 830 . Central Leather.... 41 200 .. cen Leather of 78 Vi 2300 .. Cerre-de-Pasco .... 40 1300 C Chandler Moter .. 63 1 3003 4 Chesapeake A Ohie 74 M 100 6U Chi A Ohie pf wl.105H 'OI . Chicago A Alten.. 3J4 100 de Cash Sales ... 3' ' 603 .. Chicago A Alten pf 4, 100 .. Chi A Gr West pf. I4t 600 .. Chl Mil A St P 32H 1500 .. Chl M A St P pf . 51 U 100 5 Chi A Northwestern 92 14 100 4 Chicago Pneu Teel. 82y2 '203 Chl R I A Pac 44 100 5 Chl St P M A V... 87 100 7 Chl St P M A O pf.106 5703 .. Chile Copper 26 '2 200 . Chlne Copper 29 8100 4 Coca-Cela 78?i 203 . Cel Futl A Iren. . 34 103 a Ce A Southern. .. 'B'j 603 6 Celum Gas A Elec 109s 1030 . Celum Graphophen 3'j 100 . Cel Graphophena pf 12!-i 100 4 Cem Se ent A . 49 '4 100 . Cem Solvent B. ..47tt 1303 0 Cemput Tab Rec. 73 H 530 . Cencol Cipar 41 100 .. Cen Cigar pf 81 '4 2030 Consolidated Gas... 141 14 100 .. Consel Textiles ... 10H 100 .. Continental Can .. 91 3800 4 Cern Pieducts Rcf 126 14 5330 4 Cosden A Ce .. 43 U 100 7 Cosden A Ce pf. . 100" 200 .. Cosden A Ce rts.... 1 Vi 40 . Crex Carpets ... 30 3" 1 Crucih'e Ste' . . P9 103 7 Cruc blc Steel pf. . 97 1y Cuban Am Sug-ir . t" 4 930 Cub.i c.me Sugar 14" 7503 Cuba Cane Sugar p! :9fs 330 . lalsen Chemical . 43 433 Iiebeers C Mln Ltd IZ 103 9 Delaware A Hudsen139 7333 C Del Lack A West. . .141 i, tee -i Pome Mines 38 " 2030 S Du Pent (i: I) Cp.l67'i 1403 5 Eastman Kodak ncr E61 2000 3 Elec Storage Bat... 5514 3200 B Endlcott-Jehnson .. 86 800 .. Erie 164 703 .. Erie, 1st pf 25 H 2200 8 Famous Tlayers L.. 98 100 S Famous P.aycrs pt102'; 100 10 Flshcc Bedy 138 100 8 Fisher Bedv of O pf 95 14 433 . Freeport Texas ... 22', 3703 t Gen Am Tank Car . 701 300 7 Gen Am Tank pf 104 14 5000 General Asphalt 65'3 203 0 General Clfjar . . . . 30 1703 S Gen Electric. .. 1B4X4 200 General Elec pf wi 1 1 7, 26303 . .General Meters IVi 100 0 General Meters pf 84', 200 C Gn Meters deb G"l 4 'i 103 Gllrtden Ce .... 1ST, 200 . . Goldwyn Tic . 7 'i 200 . Goedrich B T .. 34', 100 7 Goedrich B F pf . . 82 '4 700 . . Grunby Mining 31 4 100 Gray A Davis . 12 1100 7 Great Northern pf 93 I j400 4 Grt North Or ctfs 391a tOO Guantanamo Sugar 12 4703 .. Gulf States Steel S3'4 4633 Husten Oil .. 90 300 3 Homeetake Mining. 70i 60J 2 Hudsen Moter Car. 21 H 933 1 Hupp Moter Car... 23 100 .. Hdraulle Steel ... 7H 933 .. Indlnhemn. Ref . . . . 4 ft 103 .. Inspiration Cen Cep 39 ',4 0j0 .. Inter con Cerp .. '2 7701 .. Inter Cen Cerp pf . 1 200 .. Inter Auric pf 36 '4 103 2 4 lnternat Cement ... 32 '4 203 2 Inter Cem Eng . . 20", 100 6 Int Harester new..1 12 if)) . Inter M Marine . 14'', 2430 ..Int Mer Murine pf . 60 H 25)3 .. Inter Nickel. . I64 100 . . Inter Nickel pf. . 02 8800 .. International Paper 61 i4 4303 .. Invincible Oil Cerp 16?i 6033 .. Iren Products SI 5)0 .. Island Oil i, 103 .. Jewel Tea 191'2 100 .. Jenes Bres Tea... 49 2603 .. Kansas A Gulf ... 2', 103 ,. Kayter A Ce new 46 Vi 1300 .. Kelly-Spi-lnsfleld .. 43 200 e Kclney Wheel, 103 100 7 Keli-ey Whtcl pf . 104 .03 .. Kennecett Cepp.r . 34 h 100 .. Keyttene T A R . . 8 U. S. Certificates and Treasury Notes tavt GO 6314 IS m 0414 5814 74 S, 63 66 H 110 197 ', 121T4 2654 64 14 7114 113'4 9114 143 35 J4 101 38 M 131 V 4814 125 6H 20 J4 614 100 45(4 81 10914 123J4 4 161 15714 27 54 9114 99 T4 35 1914 52 A 52 6214 1234 106 92 H 214 11714 2 1525 1171, 30 Jj 35 13914 37 ft 't 76'i 43 8'i 14 36 119'4 17!i 154 117 61 '4 97 Vi 73 33'J II 4 63 H 95I3 9i'a 61 146 40 78 14 39 62H 73't 105H 314 3' 4i 144 32 H 5014 92 !4 8214 43 V4 87 105 25 29 76 K 34 4B14 10914 3 12',J 49 ',4 4714 72 40 81'. 140 104 91 123', 4714 1 00 U '14 30 F6'i 97 22'. 144 37 '4 474 2?a 139 1361-4 38 '4 162U 8514 55 84 '4 164 25'4 96 10214 138 95', 22 4 66 4 102H 64 E0 180 11i4 14?a 844 84 4 13 V, 7., 34i', 824 31H 12 92 'a 39 ?4 12 ',0 V, 0614 70. 4 21 22'4 7 V 4' 39 v4 1 :3 a Net P. M. Chff 00 - 1H 63 i - W 154- " m- 14 84V4 V 57J4 1 744 H 83 67 -110V4 197 54 121 '4- 26V5-6H4- 14 - 71(4 113V4- 9114 ' 143 3314 101 38?i 133 IB!', 14 H 254 I V4 128T4 3 (4 I U4 1 i l V 1T4 ' 314 ' 3U 14 214 H 1 i H '4 1 14 1'4 W 14 1 14 V 14 i; 1 7 2014- 6114 10014- 4514 81 li 109U i-1204- 4 27 54 - 914 100 4 33 19"4- 5214- 52V 6214-123i-106 J4 92J4 2'4 11814- 2 4 1525 11714- 3014 35'-140i-p 554- 3714 ?4 76J4- 43 -814 14 364 119', 2K, 184- 4 134 - 314 117 62141 99 - 74 33 7, 11 14 -64 -93 H-9' 61 Ue - 41 7814- 404 63 Vi 74H 1054- 3 '4 3'4 44- 14i 32J4 51 9214 8214- 44 87 10S 26 yg- 29 774 - 34 40'j 109!4 -3 124 4914- 47 14 - 734 40 811, - weu- 104 - 91 123, - 474 100i 114 30 07', 97 -23 14', 30 '4 48 22H 4 139 :- 142 T 38U 1 62 14 - 8514 - 55 H 86 -r 16, 2514 56 ?! - 102 4 T 120 -9514 22T, -70 ! I04 65 U -80 - 1844 '14 14 7, - 84 4 -84 4 -13?, - 74 34i, -82 4 -314 12 9?', jus, ;-i 12 91 ua 114 87 4- 214 70 4 - 2W il a - 2214 - 74- 4 4 33 14 x 4-'4-36 4-3214-28 'i 112 14', 60 4-164-82 - 604 14 16H- H 31 194 -49 -2?, -464 42 - 103 -4 104 34 4 84 74 4 14 i !4j I,1 1 i w 14 ' H , 3 , 214 I '' 44 "l 14 14 "' I 1 s-, 14 14 2'4 2!4 14 14 1 5K 14, H 1 14 14 14 ? ! 7 14 14 14 (4 4 14 I 4 14 H 1 14 ?4 H 114 14 ! !4 14 1 2 2 Ulv S m I HTOCK HUh 100 7 Kresge S S 18114 300 , , Lackawanna Steel. 83 100 7 Lnclede Gai of at V B1 100 .. i.afce Erie A West.. 33J4 100 . . ij,ke Erie & West pf 73 1600 314 Lehigh Valley 69 M 7800 3 4 Lima Locomotive... 63 3100 .. Loews tnc 21?, 100 1 ift candy 13 100 .. Loese Wile 62 200 .. Mack Truck 89 100 7 Mack Truck 1st pf. 9414 100 .. Magma Copper 3314 4700 .. Malllnsen Ce 35 4 100 7 Manhat Elev Guar. 53 100 , Manhat Elev ctfs... 534 100 .. Market St nwy. ... 714 100 6 Mnr St Rwy pr pf . . 67 800 4 Marland Oil 3914 200 2 Martin Parry 30J4 '00 .. Math A'kali 4714 300 .. Max Meters Class A E614 2C0 ,. Max Meters Class B 18 1200 Mav Dept Stores. . .14014 400 1 Mclntyre Mining... 1714 51000 12 Mexican Petroleum. 197 8400 e Mex Seaboard 164 2000 r, Mex Seaboard Oil ct 14 4 '00 2 Miami Copper.... t8J4 2100 120 Middle States Cerp. 134 16 4 Michigan Central. . .235 5100 .. MliUnlc Steel 3514 '03 .. Me Kan ft Tex (wl) Ifl 100 , Me K A T (wl) pf. 45 '00 .. Missouri Pacific... 214 203 , Me Pac pf IBJi '00 ,. Montgomery Ward. 22 3500 1 Moen Meters .. . 1714 100 iv Mether Lede Mining 104 100 7 Nnsh & Cliatlanoega124 4400 7 .Vnt Biscuit 213 100 Nat Cen A Cable... 14 '500 . Nnt En A Stamp... 66)4 5300 National Lend 11314 400 . . Nat It H of M 2d pf 3T4 200 .. Nev Cen Copper... 16(4 100 6 N O Tex A Mex .. 82 700 . N Y Air Brake.. . 38ft 2050 . . N Y Air Brake rts.. '4 '700 s N Y Central 98 , 100 B N V C A St L.. .. 894 100 2 4 New Yerk Deck.. . ?314 900 . . New Yerk N H A H 30 K 103 2 New Yerk Ont A W 2514 100 2 x y Shipbuilding.. 1514 1300 7 Norfolk A Western. 1 21 V 4100 fi North American 1004 1003 3 North Amer pf 464 1000 fi North Pacific 6714 300 .. Okla Pred A Ref... 24 100 .. Orphcum Circuit... 25J4 100 S Otis Elevator 167 900 2 Owens Bet Mach... 40 J4 100 .. Pacific Peel Cerp. 4 200 fi Pac Gas A Elec... 86 13600 3 Pacific Oil 5914 65800 6 Pan Amer Petrel... E6T4 36200 6 Pan Amer 11 8514 100 .. Parrish A Bingham. 1114 3103 2 Pennsylvania R R. . 48J4 1200 .. Pcnn Seaboard Steel 6 200 C Peeples Gas Chicago 98 200 .. Pere Marquette 38 100 3 Philadelphia Ce... 44 5200 2 Philips Pet 524 103 .. Plerce-Arrew Moter 14?4 300 .. Plerce-Arrew Met pf 354 1600 .. Plerce Oil 7 100 . Plerc Oil pf 48 200 4 Plggly Wlrgly St 43(4 100 .. Pitts Ceal 04 1000 .. Pitts O W Va .... 39M 100 114 Pend Creek Ceal... 20 100 fi Pestum Cereal 113 100 8 Pestum Cereal pf. .1 12 300 .. Pressed Steel Car.. S4 5300 .. Producers A Ref...48?4 100 6 Pub Ser Cor of N ,T 96 100 8 Pub of N J cum pf105J4 1300 8 Pullman Ce 131 00 . . Punt.i Alegrn Sugar. 48 1600 2 pure OH 32 1600 8 Ralln.iv Steel Spg..1234 400 3 41 Rnnd Mines 33J4 600 .. Ray Cen Copper... 13 4 12600 4 Rending 60 1400 .. Rcplogle Steel 35 5103 .. Repuh Iren A Steel. 604 400 .. Republic Meters.. 2!4 1203 3 Refolds Ter. 15 ... 56 H 100 7 Reynolds Teb pf ..118 1933 4 13 Re.al Dutch N Y.. 5814 1830 1 st Jeseph Lead 1914 100 ,. St L Southwest pf. . 514 600 .. Ravage Arms 181-4 200 .. s.ixen Moter 44 300 .. Seab Air Line pf... 114 100 .. Sears-Roebuck .... 904 300 .. Seneca Copper 10 100 16514 Shell Transport... 37 41100 2 Sinclair Consel 36?4 1400 8 Sinclair Cen pf 101 4 3100 .. Skellv Oil 1114 100 .. Rless.Sheflleld 50 4 6100 6 Southern Pacific... 954 2303 .. Southern Rail 16 ?4 3400 . Southern Rail pf . . . 674 600 .. Rplcer Mfg 194 103 8 Standard Mill... . 134 15733 4 Stnndard OP of Cal'314 64S00 fi Standard Oil of N JJ50 4 200 7 Stand Oil of N J pf 1 18 'a 100 7 Steel Tube pf 82 4 900 3 Sterling Products... 564 200 3 Stewart Warner Spd 52'4 300 4 StrembergCarb 574 17100 10 Studehiker 137 400 .. Superior Oil 6'4 100 .. Superior Steel 34 200 .. SweetH Ce of Amer. 24 400 .. Tenn Cep A Chem.. 10 44700 3 Texas Ce 52 '4 500 4 Texas Gulf Sulphur 594 400 . . Texas A Pacific ... 30 4200 1 Tex APacCAO..., 264 400 ... Third A-c 20 400 .. Tidewater Oil 149 7300 3 Timken Rell Br. .. 31 H 2100 .. Tobacco Products . 61 4 3100 7 Tobacco Pred A 86, 1300 .. Transcontinental oil 15',n 200 2 Twin City It T.... 584 503 .. Union Oil 184 1200 10 Union Pacific . ...151 200 4 Union Pacific pf . . 78 203 7 Union Tank Car. 122 203 7 Union Tank Car pf.111?a 100 . United Drug 82 4 033 8 United Fruit 15514 3600 .. United Retail Stores 81 4 200 .. U S C I P A Fdy.. 35 ',4 800 ..US Ind Alcohol .. C54 5100 ..US Realty A Imp.. 92 3100 .. U S Rubber 44 830 It'S Rubber 1st pf. 1004 800 ..US Smelt & Ref.. 43', 45403 6 U S Steel 108 600 7 U S Steel pf 122V, 700 2 Utah Copper 67 4 100 .. Utah Securities . 21 15J3 .. Vanadium Cerp.... 47 '4 100 .. Vn-Car Chem pf 67'4 100 .. Va lien Ceal A Coke. 554 103 6 Va Iren C & C pf . 81 1300 . . Vhadeu (no .. 1 3 '4 303 .. Wabash 12 200 .. Wabash pf A. Ti 200 1 Weber A Hcllbrener 12 100 fi Wells Farge Ep.. 91s 300 7 Western Elec pf 100' 600 .. Western Maryland 14', 100 ,. W Maryland 2d pf. 22 14 900 ,. Western Pacific ., 17 Si 200 6 Western Paclllc pf 61 4 300 7 Western Union Tel 117' 200 4 Westlngheuse A Br, ICO 3200 4 Westing E A M. . . . C3!, 300 .. Wheeling A L E 134 103 2 White Egle Oil 32 6200 .. White Oil Ceip . 7 933 .. Wirkwlre Spenc Stl II', 500 .. Wllljs Overland. . 714 200 .. WIIIjb Oveilund pf 434 403 . . Wi son A Ce . . .44 j, 100 8 Woelwouli F v 197 590 I Wright Aero . .10 4 rix-dlUdeniln. Lew 18114 83 91 3514 75 684 62 21 13 62 59 9414 33 4 334 53 534 7 4 67 3914 30 4714 364 17 n 140 17 4 168 15 1314 2814 1314 235 34 4 18 43 2114 58 22 164 104 124 206 14 65 4 109H 34 1614 82 38 H 97 4 8914 33 4 30 K 2514 154 120 99 4614 8614 2H 2514 167 40 4 4 86 57 U 814 79 1114 48 4 54 98 38 44 514 14T4 35 4 614 48 43 604 38 4 JO 113 112 94 47 4 96 105T4 129 48 31, 124 33 ?4 14?4 7814 33 4 84 2 4 r6 4 11 57 14 184 514 174 44 1114 904 9?4 37 35 4 1C04 11 50 4 94', 26 4 664 194 1J4 1 ?3 4 Z36J4 118 82 4 55 14 52 4 56J4 135 64 34 2 4 94 51 59 4 25 4 ?6 20 149 304 61 4 8514 144 ft4 184 150 4 78 122 11! ?4 82 4 1544 0 34 65 4 89' 53 4 100 424 '07 4 121 ?', 66', 21 46 ', 6714 55 4 81 13 12 32 124 914 109U 14 224 174 61 4 116 100 624 124 32 5 4 11!., 714 43 4414 197 10 t .30 Net P. M, Chire. 18114' r- 14 83 4 01 35 4 75 684 -13 -62 59 9414 -534 7 4 67 39 4 30 4714 56 4 1 18 140 - 174 197 10 164 1 14 4 14 14 14 4 "h 4 1H K 14 1 TRADING LISTLESS LOCAL MARKET 144 28 4 134 - 235 45 214 164 4 124 - 1 213 12 H 4 1 "I ! 4 '4 1 65 4 1114 82 38J4 4 894 25 4 1514 4 34 14 4 14 '4 1 54 64 4 14 4 4 2 14 14 14 14 ?4 4 14 4 H 4 1214 ' 99 - 4 I 46 4 - 14 ! 8614- 14 ! 24 , 23 ?4 167 -40', 4 86 844 114 484- 6 98 38 44 52 -1474 -354-64-48 -43 60J 39 20 - 113 - 112 94 - 105 ?4 129 -48 314- 124 -33J4-14T4-79 4 33 4 59 4 24 56 4 118 57 4 -191s r - 44 114 37 -36 - 1014 11 - 504- 944- ?6K - 664 - '94- 134 - 129 - 24014- 118 82 4 56 - 32 4- 56T4- 1354- 64-- 34 t- 24 594-294- ?6 - 20 -149 - 3114-614-85 4 144 -584-184 - 1E0J4 78 122 4- 1 1 1 4 82 4- 1344 e04 -34 - 65(4 92 -42!4i 108 122 07 4 21 -464 -67 4 55 ii ) 81 134 12 32 124 91 4 109 4 144 r 224 -17 4 61 4 f 116 - 100 - 63 4 124- 32 5', - 114 714 43 4 44 '4 197 - 10 - American Stores Continued the Upward Flight, Making New High-Recerd Price The local trading contingent Hflll were content te take n position en tlir fddc lines lis Indicated In the union volume of business and the relntlvr narrow movement of n,iiotntlen8. In ether words, the bis "'""' '" ""'' Street ngnln failed te nreuiv the altim berinif sprculntie iirit. The larger portion of the local Mecks tin in the preceding pensions dimply marked time. Amrrlcnn Ntercw, In a further upward flight te 107 011 n Hinell turnover, bellied te break the monotony of the llstlrRs trading. In absence of any bet ter excuse the uninterrupted upwnrfi flight of this specialty was generally nt trihuted te the new order of the day In (.peculathe affaire, "capitalization of surplus, with the splitting up of the shares nm! n larger dividend. As the stock nt the present price level returns r-liirhtlv mere than 4 tier cent, it Is generally reasoned neine such policy or ether Important deelepineiits In the company's nffnlr is pending. If current stories are true the local exchange is going te lese another stock, which is te join the long. Ut of former local favorites en the New Yerk benrd. The stock In question is Klseniehr, which continued its advance in selling up another 1y point te 71 "4. Accord ing te the Htreet story, the property is te be taken ever by one of the large tobacco companies having large specu lative following In New Yerk. Apart from Pennsylvania Railroad which continued te enjoy a bread mar ket the dealings in the ether local shares were of a perfunctory type. Lit tle alteration was made in the prevail ing prices, what changes were made were rcMricted generally te small fractions. Philadelphia Stocks 4 74 74 1 4 4 74 4 1 4 4 4 4 4 4 4 4 74 (4 1(4 74 4 4 4 4 14 4 u 2 4 3 514 2 4 14 114 4 4 ' '4 4 4 4 4 14 24 14 4 4 4 IK 4 HlBh I)w 15 Am Ilw.xs pref.... 01 -.0 Am S & (' IMVi 111 K) Am Str..107 L'O Hrill J i pref.... W-A 00 Eicc Ster. (m .Till Lch Nav.. 70 :r Lch Vnl. . HSi-i ::." O Klsenl'r 71 2 i I'enn Cent Light pf. ."0 0:il Penna KH 4S-'S (!." Penna Salt Sl4 '-'1 Phila Ce cum pf,. 13 Deriilla LToe Sl .".S de pref.. :u 100 I'hile It T 33 lOOtlMcrce Oil 04 SOOTone Mln '2$ flTi UntenTrnc 41 e'. i:ir. P. M. Net chce 01 01 .. 21-1,4 21 H U 105 ii 1056 IU 5514 75 14 OS 71 50 ISift SlUj 43 31 if. 31 m 33 14 fl-4 2 A 41 i-i 51 VI 80vs . . 55 14 751.. os Vi.. 71 4 -J- 50 .. dSs 13 31 Mi.. 31 ik.. 3314.. n4 2A.. lir.4 4- ni tv, nil U rj 1 r.ir.. r,ii" r.i.v. j i.l 30 l' Ces X. 1.20016 200Vj 200V 1 'a lflOtVar l&S 0 8 8 s tNet change made by compnrliien with last ale en .New Yerk Stock Exchange. PHILADELPHIA IMI.VU.sj 1000 Liberty 2d 4'4k 42 100. 00 1800 Amer Cas & Klec 5s. . . S9 1000 Hell Telephone 7s 107" 500(1 Hethlcliem Steel 0s 114 1000 Jamestown V & C 4s SS 3000 Kej stone Tele 1st 5 80 200(1 Lehigh Vnl Ceal 5s reg., lOOii 0000 People's Pass 4s lets 74U 5(H) Phila Klcctric 1st 5s 10014 1000 Phllu Klectrlc 1st 5s. . . . Wt 2')00 Heading Imp 4s 00 GAIN InTtJEL BOOKINGS Corporation's Unfilled Orders Sep tember 30 Totaled 6,691,607 New Yerk, Oct. 10. Unfilled orders of the United States Steel Ceriwratkm en September 30 were announced to day as 0,001,007 tens, compared with .i.H.iO.105 tens en August 31, 1111 in crcafe of 741,502 tens. CVllllpaiiSOns of unfilled tennnirn .1 the 10th of each month iucc 1SI13 fel- I low : I i?k,72P. Mimth or Tens . 11)22, O.nei (107 lct 11117. 0,01111,(173 ' )i- ' ''JClfS HiM . 1017. Il,s.i3.-t77 1 iii.jiii All,'.. lUlT.lU.-llii.UJU I Jul 1H17, 1D,M4,1IH i Jun.', 11117, 11, 3N8,2sa .Ma, 1U17,U,8SU,BU1 I Aim , 1U17.11.MH3.0sj4 1 Alrh , 1U17.1I. 711. 044 Keli 1917.1 1.&70.U07 Jhii , 11117. 11, 474. 052 .. 1D1(I.11,S47.JS(I .Nev . 11)1(1.11,(108, 34L Oct . 11)111,1(1,015, 1:1)0 Sfpt . llllll, u,B,.,a,as4 Aug. 1010, ll.(l0.ar,7 JUI)', 1II1U. U.BUa.RUl! line. 11,1141), iriH 11)111. U, 1137. 708 llllll, U,SU,.V11 11.111. 11,331,001 niirt, s.miH.nae llllll, 7.U2J.7HO 11113, 7,Hlll).l'l.'ll 101.1. 7.1811,487 1111.1. 11,317, (112 101.1, 4,1108,433 SlWIIffllllfllllW An Injustice Te Your Customer . :iiiiii'iiiii'MiJi! If there Is an advantage In your customer 1 closing his Accounts Receivable into Notts or Acceptances and then turning them into cash at his Bank, as is advocated in credit channels, should he be deprived of the ad vantage of that cash in the event that Ve does net desire or cannot succeed in closing his Accounts into Acceptances? An Acceptance was ah Open Account and the Open Account was merchandise sold en credit instead of for cash. What possible difference could there be te any one in terested, whether the merchandise had been first sold for cash, or whether the Account representing the merchandise or the Ac ceptance representing the Account, was sold for cash? All are alike except as te form and all represent merchandise en the ledger instead of in stock. Probably one essential difference is that selling merchandise te customers for cash and selling Acceptances for cash are better understood and accepted as proper business ethics, whereas selling the Accounts is newer, mere modern and has been less reasoned out. Tf you can afford te have your customers discount, you can afford te sell their ac counts te us at the same cost and te difference is that we will buy the Accounts when your customers won't discount them. BimiiBM Commercial Credit Company Cmh Capital nnd Surplus $7,250,000 BALTIMORE SAN FRANCISCO Represented at Philadelphia, 1210 Stock Exchange Bldg. ( Pheno Bpruee 0M4) Affiliated with COMMERCIAL ACCEPTANCE TBUBT COUMEECIAt CREDIT COMFAKT. INC. Cih Cpital and Burplui $1,(00.000 Caih Capital and Burplnt $100,000 CHICAGO MEW ORLEANS !iiii!niin!Eiwnit!iiM Menth nr lr-V. auit. 3 K 114 I 7, 4 2 i 4 4 94 ' Vt 74 4 i 14 4 4 H 14 4 74 4 4 Hi Julv. .Ium .Mav, April, Mih.. FVb Jan Dec . Nh , Oct . faein Auk. July. June, May. April. Mch IVI).. Jun., D.'C Nev , Oit . f-cpt . Auu , July June, May. Aim.. .Mch , I1) .Inn , Dec Nm.. i lei . Sept Auk., Jub. June. Mav. An Mch . Teb . Jan . U'c Nev Oct , Hpt , A us , Julv. Mnv April. Mcli . Fcl) , Ian . Dec Nev.. ItUL'. 3. IllJlf. 3.033.3.11 I'll'J. A.L'.M.Sl'H 102S. S,0B(UU7 ID-'a, 4,494,148 4.141,0111) 4.4V1.I178 4.UHS.41 I 4.L'AI)..14' in.i. 4.1'fiO.siii 1IIJI, 4.3110,(17(1 IHIII, 4.331.0JU 11)21, 4.88(1.324 l'l'.'l. 3. 117. Ran injj. ri22, iii.'i. liui, 1(121. 3.4-2.487 June. lO.'l. C.813,224 juj, 11.21 (1.284.7)1.1 Apr.. I'l.'l, II H.1 1,8117 1021. 7,373.1114 ihjii 8. 148. 122 ltun. ii.n.'i.ihi 1DJII, li 1(1,852 10211 10 874.801 10J.I 111 MI-.03S 1020.11.118, 1.Hs 1020,10. 07S, 817 11l2l).Hl.lMI).4llll 1020.111 Jtin 747 1021). 0.8'I2 073 1H2H, II 032.IIS1 102(1 0 28-.. 441 1010 8 2.I1. .Hill 1010, 7,I2S,3.1II 1010. It 472,(018 1010, I1.2S4.II3S 1010 li.KIO.lO.'l W10, .1,378,0111 1010. 4.802,833 4 -jsz.aiu I 3. Ill lill.'i .1.4'OI 172 11,1110 1010. 10111 1010. 1010. line, a ini.jns 1018. 1018, 1I11S. 11118. 1018 1018, 1I.IS 1018, 101 s ,870.162 121 1 8.8M.2HI 8 207,001 8 7311,042 0,303,30.1 8. 17.112s 8 741,88" '. 010 tun 1018, 0.288 4.VJ 1018, 0.177.81.1 1017. 0.381.710 1017. 8 307 10(1 t pi . .Mch J Kel , Jnn., nee. Nev,. Srpt . Aux . Jul. June. Mai, nr . Mch . fell . Jan . Dee , Nev . Oct , Sept . Aug , .lull. June, -May. Apr . Mi h , 'VI, , Jan , )c, Nev . Ot- , ..pt , Aul . Jul lun Mnv Vnr , Mch . I en , Jin 101.1 101.1. 101.1, 101.1. 101.1. 1013, 1013. 1014. 1014, 1014, 1014. 1014, 1011 4.028.340 4.078,100 4,2114,308 4.K12.244 ' 4,233.740 4, .143,8, l , 4,248.371 ' 3,830,043 I 1I.324.3IIJ I 3 401.007 11,787.1107 1,21.1,331 4.138.380 1014. 4,(1(12. 837 101 I, 3,008,200 4,277,1108 4,1133.823 3 (lill 4411 3,013,030 1,-K--. Ills 4.300,317 4,313,707 1014. 1014, 1014. 1014 1013, 1013, 1013 1013, 3 003,78,1 101.V 1013. 101.1, 1013. Hit 'I 1013. 101.1 1013. 3.223.4118 3.300.330 3.807,317 I 0.324.322 II O'S 7ll" 7.408,930 7,030,714 7,827.3(1') 14 4 2 4 I Seeks New Connection Outrtr nf prominent corporation, xperlenceil In Hair Mnnceinent. rinsnre anil Administration of Htg. Htttlnem, fUs new runner- 'a Man Willi creuter puailbilltle, -.lr O. , Lcdccr Otcs fiasa'ufy .ivrl.r H.. r 'Ui't 'i ct.s ni.,M..j k.. i ,. I SAH M.TIWS.IIU U VatUUm VJII lurk, en In rilrfitnr, of ten Vacuum Oil cemfan ens of tht. Rtandanl OH Kroup today npclarnl m aira dlvMenii f 17 n 8hi.'u ami the rRulr ,nni.nnnual i1lvllnil ..f t a lmr With ,llv .t.nrt. ,...'. iltclarnl pjiminta Hiln star wi'l tula1 fill ! n ahar I Liverpool Cotten l.hcrpoel Oct 10 Tradtrs in p i ret-1 ion wa nun niuny i'ui pricrs wtr Mrarly en 1h tnnHvef nti advance nt 7 jielntN ter middling at 12 70.1, The ,11m uerc Ooei) halu lh rrcrlnta were 11. 000 bain in. eludlnis 10,200 balei American P"utur wm eulft In the early leal.ntra. Hdei prlra, werts American, mlddllnu f, is.utll is.utll is.utll goed mlddllnr. 13.08d: fully middling' iYafjj: mlrtdllng, 12.7id: low mlddl.ng, li SOd; (aed Qimtr, 11.31A ssa erdiury. it-Old. Int Maturing n.it D'rne, !3Vi Oct . 1???. tt3' Dec J!4W H'Pt a . . l" fh tMi, Mch , t3i June. 3S Supt.. 3S4 June, t'.IW Bept , t44 Mch . Dec. t4i M(h 10J 1022 1023 1023 1023 1024 1921 102.1 102.1 )O.'0 .lerm 100s, 100 .1 10 100 3-32 1110 tee ie:s 102' loe; KKJ'-. Kill, 10. 1 Asked Meld 100 3.10 100 3-1.1 10O 3.10 lull 0.32 leni, 1(10 1-32 102S I0'j" 101 10l ion i.ie 8 33 3 33 3 3.1 3 33 1 04 4 114 4 08 4 24 4 23 4 2(1 I 2il x en , 12.7M: low r, Jl.SiiA sad ' J tll Hcpl '1)211 10" le'l I'll ,. .oiiihie for pr.yment of Incemn tu fwmnt from Fdra nnimal lnoem tux lKxrhar.geahl until turlher natlce f.ir fnlied Btat Oevt 4Vt, due October 13, 1032 DIVIDENDS DECLARED Appalachian power Company. Initial 1 ftr cnt en new flrat preforred. payable Ne. vemtr I te Meck of record October 14, (Joneral c'.gar Company, ouarterly of M 30 en tnmmen payable November 1 te ateck of record Octol or 21 and of 11 75 en prrferreil, payubl December 1 te ateck of record .Vu mbr 24 nnd of 11 73 en dobenturo pre pre pre foreod psivhM January 1 te ateck of retard Iioreni,.!- ?a .aurmnnn Dopartmeni nnree, ouarieny i rnicnxn of si en mmmen, paiahle Novemoer 1 te I K imi, l"'k nf record Odoner 20 I.Minn.-.-i.nli anftH i it Reserve Banks' Discount Rates 0(10-11,1 rediscount rate, at the twelve fed eral lle.ervi Hank, are hi fellow h? Treae. I.lb. i'em'1 hi,,, ,. ctf. llend, 1-aper Accept. Nev Voik I'hllnlelphlu Clevrlanrt Hlchmnnd rMiamn ANOTHER DROP IN MARKS Quoted In Foreign Exchange Mar ket at 3i4 Cents Per Hundred New Yerk, (let. 10. At the opening et the foreign t-xthaiiKe market tedny Mich iIpeUups from jpstcrday's final flg urOH were shown ns "3 in stprliin;, 3 points In francs. 0 In l!i'linnn. '2 In Dnnish find 1 in Swiss. Norway shown! n gain of ! points. Sweillnli was up ,r, ami guilders gnlned 1. Marks were nt a new low of ,e:i,. The market was only meilerntcl.v netlvf iiiid business lo le lo celly was negllgiliie. The ituotntienM were mainly 11 re iteration Of l.Ollllllll llllll I 'ni'illn. ...... 1 1 - - -- -- - . -., in. iiiiii market figures, as follews: Steiline cables -M2, demand 4.41 Oh ; fmnc ca bles 7..TJ, checks T.niVlj Helglan ca bles 7.00, check U.WI4 ; lire cabli-H 4.'-,0'j, checks -l.'-'O; .Swiss cables IS, 71, chcckH I1S.O8; peseta cables Ifi.UO, BAR 8ILVER .a. Vi,- allver waa unrhaner In New Yerk tedsy t 80 Ue pr On, ounces nevum, Oct foreign, ''' ,Si WaiiJ "','" l "" mernms price M nf,-"'. v- f . BANK CLEARINGS Hank clearing, today compared with (r (r retpendlng day la,t two ;nrai ..,, 1022 1021 1020 Phila 70,O0O.enO (M,OU(l,000 80,7U7 SOO I.allu. ,uan iVriincUce T -V 4 I - I 4 '? r ', 414 1 4W 4H 4U 4 I 4. 1? '' H 1 43 4,4 4l ., 41? 4U 4U 4', 41? I $ i? ti i cih'cks lu.in; iiaiusn caiiles L'O.L'-I, checks 'JO. Ill; Norway ruble 17.70, checks 17.05; Swedish' cables '2i,r,'2, hin.ft 2(. 47 ! i?llllilrr nnMAU iulu checks SS.K1. After the eiienln- mneliu Bosten Marks Up Call Leans sitvn, Oct 10, Tht lsln. ni morn nt IsWjl w teuad from i ie Pt - ( t I t 10, Tht laadlnr bank, are XKInB uy si ,whm w.i MONEY-LENDING RATES NI'AV KIRK Meney en call bmh cinaeea of (iilihte'ti, opened today r.t 3 per teni f)i lundln, ami lenevvlni., rim.AnKI.t'HIA cll. t pr rent: lime, 4V4 per centi eemmetclal paper, threa w i ineniaa, n vi iP" cent were nunteil at .Oll'ls New Yerk i'mIiiiul'e in .Mnnir.ini t... ila.v wiih lit an initial ilisceiiui (,f ;t.;;e I rr ci nt. I'liiiinliiin funds In .Ww Yuri" were lit 11 'premium of i-'A'2 per ( out ngellist 11 pieiiiiiim of 1-1(1 .r ,.,, vederdav. Demand . 1 42 7,35'a 4 27 -ii ,1? Cable, .. 4 42t 7.SIU, 4.Dtu nS'Ll - 8i,W5Jr Pn llr, OulMera Demand ,.,, 4.414 7,m 4,20 a, ii C.MM .....,.,,ta, T.M IseH it FRANK F. BELL & CO. 1418 Seuth Penn Square Members Philadelphia Stock Exchange and New Yerk Stock Exchange The above drm it diteentinuing thm brofctreg builnttt htrctofere conducted by us at the above addren, and the undersigned member of this firm will become man' agere of the Philadelphia office of J. S. Bache ft Ce. WALTER S. HUMPHREYS JOSEPHF. HICKEY Philadelphia. October 10. 1911. J. S. BACHE & CO. Members New Yerk Stock Exchange Philadelphia Steek Exchange and Other Principal Exchanges v 1430 Seuth Penn Square, Philadelphia . Main Office: 42 Broadway, New Yerk The undersigned announce that they are about te open a Philadelphia office at the above address, te- be in charge of Walter S. Humphreys and Jeseph F. Hichey, former members of the firm of Frank F. Bell tft Ce., as Managers. Pending the completion of alteration at our new office, u)e will temporarily occupy the former quar ters of Frank F. Bell fi Ce., at 1418 Seuth Penn Square. J. S. BACHE & CO. 'iitaelphfn October 10, 1SS1. Odd, itrtd? Hew we are usually able te spare an extra five dollar bill te meet some unexpected occasion in the na ture of amusement or recrea tion. Yet we believe in our hearts that we are positively net in a position te keep up a savings account. Isn't this a bit inconsistent? North Philadelphia Trust Ce. Bread St. and Germantown Ave. Above Erie Ave., Philadelphia I, Vs Security Assured flV.eriy , Pfisible safeguard physical, legal, tinancial, human is used te assure the safety accost W all0W interest en cheMng THE REAL ESTATE TRUST CO. OF PHILADELPHIA Bread and Chestnut Sts. eH5SPORTAT-ON FACILITIES THE BACKBONE OF PROSPERITY EV,.ennYtrvi'!P(Sib, T,1 bc Kiven te the railways of the If nrehSSL be fe"t,ca,,t,mc " rler that the march Ser?K Mama ii h ' n lenBer' Te avei'J serious tr8,nV Wv KoSSfve nnH m " CXr the W8f period. fneturin" nm fnpu,n.n ',. 'iK'V l,,u rniiwnya 111 ,- THE BALDWIN LOCOMOTIVE WORKS; PhilsldeJnl,.. . 1 1 , Mi $iMS KAryi M& rs -s. J1 f il-ftA ii2TJ,fJ Sli'sj"- W- v. 4'. Ar W ' i-f i ' ' ' -
Significant historical Pennsylvania newspapers