F CLOSING MARKH j If WAS COLORLESS Kit" ' P? y ' . EVENING PUBLIC LEDOER-tHlM6iBkiA. BAWRPAY. iOBEHPW.a ' , -. fflpg NEW YORK STOCK MARKET Only Affrnoen Rtpert in FMlaMphta Quoting Full U$t Total nalri .,,....... 381,100 aharn Yesterday 001,800 hirc Total for week 5,723,300 shares LOCAL OPERATIONS u vt li B ' Oellapse of Speculative Beem In Industrial Specialties Had Been Foreseen New Yerk, Oct. 2S. Tluip was n Mrcvptiblc narrowing of the trailing In today's closing market. Price move ment renttnni'tl irregular, but the tin tin tin dertone of ilie lift wns, much streitkter. Belated oeMTlnn of short contract jvni wsiinnslWc for resumption or uic ring ing movement at the opetntiR. but no particular effort was made te tercc the lweverv. On the eentrai.v. the higher level of price'; enceurngeil nroht nreht taklnu, which gradually cancel ed most of the Initial improvement. The trad- ' ine became very quiet en the reaction, i lndicntlni; an nli-enee of evlllnc nre.s lire. Altogether the day s pel fermnnr-e wns colorless, as the bulk of the bu-1- ' ness was made up of the familiar week end eeuins up opetatien- of the pre- , fcslenal trader". I Tntllr-atlnns that the -clllna move-, ment In bend had -pent Its force, at leaht teinpeiarll. weie m-cii in the linn i tone exhibited In the bend denllne. I or the firt time in eerai nay rnr i m. trend wis upward Melca:i ..-. v.mci advanced a point, led tli" teretsn Krmn. ether will turn C. v, iiirn rmtp. Mar- lOe" mil (Veeho-SleMiklan "'. a y, t a,. Heliri.m 7'..s l ,,,.! iii '.iiiei wer t'nifeil Klt.cdetu ."'." of all up lelded .lii.!.,!. Libert v bend" were irier.ul.ir. lm" the ehnii.'e- were nominal. 'I he new 4'i were tinehaneml at HP t 1 rtce adjustment (I- and income (. ami Atehl-en 4 were me-t ni'itve Pi tb railroad croup, while the demi.j.,1 in the lndtl-til.il 11-t weie 1-d liv I'tint.t 1 -llcsre S'lsrr 7- I' S Rubber Marine il iitid Aiacrican leiephene ... The enlv noticeable weak -pet- was Atlantic (a-t Line 7-. which weie off a point . , , , t The rellap-e witne ed tln work et the hpecu'.itue boom in the industrial i sim entitle -Mould ecca-lnn little Mir prlce. Uoem for ttteater -urprl-e would be found in the tact it was continued Ions with little or no interruption, or Opposition. If ever a mntK.-t vva- tivvr plaved. or if ever a group of -tecl.s vv.i vv.i vv.i oveibenmed. -ueli a -m w i- i'nmmirri.1 ' in the enl nceiit -kMecketins "f 'be. tllgh-prieei'l industrial". When tin . set tlitn- humming under , full liead of s-tenm in Wall Street lom lem paratiel f w of the trading centrj jmsspss the .tlulitv either te .,.. the top" or "bottom" of an major mar ket i-vvin;;. Tun het mere, whin tin pci'lil.it no ntiiniiinil heceme- ineeu- j lated with -erne newly found serin, the j dleu-c spreads vv-'tli al.irmin? rapulitv. end la -liert order bt comes little !v than an epidemic ' Such a delirnim was predme.l bv rea son of the iccenf announcement of s-teclt dlvideml bj various .standard oil units, and miner prephe.lns similar action by vittu.ill all the et!.r bis corpora cerpora corpera tioti" in both the imlii:tiiiil anil tuns- ' purtiitteu tield. The speculative jtentrv worked t hem-elves into a great treuzj ever the pre-peels of a wholesale di-- I tributieu et hla -urplu-'s. which ter- I poratlens vv.re going n bhare with the, stockheideis before the tax collector came mound. Tin- matter was great! I eTer-ex.iggciatert during the intetu-e ex citement until I' dawned upon miae of the deeper thinkers it amounted te little after all, but simply a numerical in crease in the number et -tock- held without ati gain m in nine tetiirn. In the meantime, the wild speculative orgy had brought an inflation of broker-,' balance-, or -tock market ' leans t" a dangerous peak. An itfert was mad" te belittle this unhealthy s.t- i uatien, and while ndmitting leans hail passed bejend the breaking point of the . 1010 inflation, it was pointed out exist- I ing cridlt condition- fully warranted these ever-Indulgent aicummodatiens for stock market putpe-e- llvidentiy, banking interests entertained an entirely different view-, for it wa.-uunue-tienubly the conceited action en the part of the leaning in-titutten- te force liquidation that knocked the pin- from under the tiims) -rigged speculative structure, and hence the collapse ' Whether tae icversal of the market i program Is simply a seasonable ie- , action for the correction of the ever- J bpeculatien, or marks the culmination of the bull mat Let, remains te be seen. I Arguments In favor and against a re- , mmptteii of the mntructive movement could easu.v be given, but there is pist enough uncertainty attending the imiiie- i diate outlook a- te necessitate both eau- tieu and discrimination in all future commitments. 8l tn I 100 ,. tee .. 200 200 tee 1200 100 13100 600 100 100 100 4800 100 200 200 200 200 600 310 600 100 300 100 1300 100 1430 1500 J00 300 700 200 100 COO I0M 100 120 J 3300 300 100 100 100 1700 400 29J0 100 330 100 10 1.200 200 uOO 100 3630 330 1503 tee NEW YORK BANK STATEMENT1 xcess Reserve Increased te $51, 176,020 Leans and De posits Contract The reserve position of the New Yer't Clearing Ilou-e institution was ma terially improved this week. Ilevir credit at tiie 1'uleral Reserve Hank was increased jfi.i,,vii,(i(t0. At the -am,, t'ci. liabilities were em cl vvn bv the derre.i-e of SULVa'.eOO in dfm.md'di'pe-its. Th result was an incidise in i-'s..ive m excess of h'gal l.Tpilremeilts of s'7,. 222,300 te .r,l,170.0. Leans and dls dls ceunts showed contraction of 5."1.."0:!. 000. I)etails fellow : .r;p..'.r This vs.i M mil J1H .'..'Si.Ouu '-i een Kxcflt i"ere Acrrvrut" rs Leans Hi 4 tin Cult In luu'ti anU meTi b (, Jtrvu in trem- r t.inxi unl rrve liinki" Ilctvrvv in sitttM bnnkH nn I trun' ceminnli-K llueri In -t it Siili an trust ceinptin) 'Vpu Iterlcn Net (Iimi.ji;! il I'OBltU Time rt i-nlih Clrcuintiun .11 TJ" emi U. ! lliiiBIU (Ji'lui ti J (is Su en ) ACTfAL Tiuh vti .. i;i. e.'i. 17 ll.'s III! I ve su :m) '7 .jsj nun T'j due ( till 'jh, mi M 001 .Mis IT I '01 -,111 I'll II ) M- 'JUT '.' Ill iji,0 , J sj.' -hi mij Jl'l.ai.1 urn ' I.H Hi oeo 4 ,, lels. OHO .I1.UJ.I 'Jill) -s 37'J 'Hjfi ' STOCK "Ith Adams Rapress.... 79J4 i Advnnce Uumely. . . 16 3 Advnnee ltumely pf E0 . . Atns Ttuhber I3T . . Alaska Oeld Mine .. Alaska Juneau r M 1!i 1 All American Cnblcs118U 4 Allied Chem Dye. Bt 4 Allla-Chalmcrs .... 3H Am nench Magnete. 36H 4 Am n Sh Frty new . 7314 7 Am B Sh P pf new 111 'a . Am Can 73 .. Am Cotten Oil... . Sf 1 Am Car Pdy 184 7 Am Car & Fdy pf..!24 .. Am Chicle 7'i .. Am Drug Syn 6 8 Am i:xprc . ...150 . Am Hide & Leather 13' j 7 Am Ice.... 109'j Am Internet Cerp 32lj 1 Am I.a Frnei'fl Ene IZ'n Am Linseed 351j Am t.ocemotlvo. . . 1W 4 Am lladlater 110 Vi Am Safaty Rasor.. 8 .. Am Shle A Cem.... J2H .. Am Sme't E9 7 Am Smelt pf 102 U 6 Am Smelt Pec A... S9t? .. Am Sugar Hef 77 3i 7 Am Sttrar Ref pf ..1064 . Am Sumatra 361 8 Am Steel Foundrles 424 5 Am Tel & Cable 59 8 Am Tel Te! 122'a . . Am Tel & Tl rts. . . 34 12 Am Tobacco . ...160 12 Am Tobacco B 1j5' .. Am Waterworks ... 27 H 7 Am Wholesale pf... 87 7 Am Woolen 98S . . Am Zinc I.d & Smelt 18 .. Anaconda Copper.. E0' 4 Assr I)- Cioeils.... 59 's 0 Atch Tep & San Fe104l3 7 Atlantic Const UneKO .. Atlant'c rnilt .... I a 20 Atl Reflnim: .1370 .. Atl Galf & W I S S 23 "6 . . Atl O & W I S S p 20 .. Austin Nlcliel.-.. . 33 h 7 Austin N!cli pf . 85 7 lia dvvln Locomotive! 34 "n 35'4 t2 63 ' 41 98 i 72- Harusdall C asa Halte & Ohie Malte & Ohie pf S00 4Sc n-echnut Tacking 500 T Beth Steel pf new 1230 S Heth Stee! D .... 100 . nklyn Rapid Tianslt I7U 300 7 liush Term Rid pt 0 7 JO .. Rutte Cep & Zinc .. 's 330 .. riu'te & Sup Cep.. 22 . 200 .. Butterlck Ce IB'i 503 . Cadde Cfn O ft U . h 200 S California Packing. 82i3 500 . California Petrel... 57 '3 100 7 California Pet pf 94 1203 Cal Zinc and Lead. 8H 430 10 Canadian Paclnc. 1 400 r-ise J I Plew .. . 200 Case ,T I Threshine 35 63J .. Central Leather. . 28 'e 533 . Cen Leather pf .. 763., 530 . crro-d.-P.isce ... ZO 430 6 Chandler Meters. . 60 '5 100 OH Ches-apcalie & Oh p104 100 200 1030 1033 J33 18 33 103 103 20 j0 930 100 730 233 2:0 3330 803 100 100 200 33 3530 23 JO 1033 2403 2703 2733 100 1930 100 403 333 18 33 103 31 233 933 100 100 103 3 33 100 5-0 100 733 330 1533 133 300 1433 100 330 3633 20M 300 2330 200 333 3033 103 200 1430 2030 100 10) 100 133 3 4J3 100 4830 4530 200 200 3400 330 630 100 230 503 430 1700 330 100 "00 CI icaze & Alten Pf. . Chi Ur West pf. '2'i . Chi Mil & St P 30H .. CM M & St P pf. .. 47 34 5 Chi & Northwestern B9, . Ch R I & Pac... 41 'j C Chi R I & I'e STi pt S0'2 7 Chi It I & Pe 7 Pf 99 . . Chile Copper 24 , . . Chine Copper 27 ' . Cluett-Peabody ... 65 4 Coca-Cela 78i . Cel Fuel & Iren... 29 6 Celiim Gas & Elee. .1094 . Ce'.um Graphaphen 2' Cel (IraDharhena pf 7 49 ' . 44 69 . 9 !l39 1 . 11 67 '2 4 Cem Solvent a. . Cem Solvent R 6 Cemput Tab Rec . Consel c sar . . . 8 Consolidated Gas .. Cor.iel Textiles. . . Cent ncntnl Can 4 Cern rreductt Ref. 128 4 Cosden ft Ce 49', .. Crucible Sttel.. .. 79' . Crucible bt.-el pf .. 94' j . Cuban Am Sugar... 22 W 7 Cuban Am Sugar pf 97 'j . Culja Cane Sugar. . . 13' .. Cuba C.ine Sutrar pf 2b '4 .. Davisen Chemical.. 34 N .. IAbiers C M.n LM :2 6 TV; Lack & Wee;.. I'e"? g Detroit Edisen . 109'd Z Deme M lies . ii . Dulu'h Si ? i A . 2H Du'.uth Se -3 (s A p! 5 g Du Pent (i: I ) Ce lf4 5 Lastmin Kodak. . f5' 3 Klee Storage Bat... 56'4 KmTfen-Brant pf. 27 '8 B Kndlcott-Jehnson .. 65 ' 7 Kndlcott-Jehnson pf 1 1 6 . . r.rte 15 .. i:rl 1st pf 23 g Famous P avers L . 4 ', 8 Fameui Players pf. 9 5 Fed Mm & sJnelt pf 5r' 10 F shr Bedy 150 S Fisher Bedy of O pf 94 Ji . Fis'.c Rubber 1 2 ' 4 .. Treepert Texas.... 24 3 Gen Am Tank 76?.', 7 Gen Am Tank pf. . . 104j .. General Asphalt.... 59ft 8 Gn Electric 177 H .. Gen Elee wlpf 10 .. General Meters.... 14J.4 Gen Moter deb 6 63 .. Glmbel Bres 41 7 Glmbel BrOB pf. ... 99 nnidwvn Pictures. 7 . C.eudrich B F .... 33 s .. Oranby Mining. . Uray A Oivla . . : Grat Northern pf 4 Grt North Ore ctfs. 24 ' Guantanamo Sugar. 1 ' , Gulf States Steel . 69 j ..' Hablrshaw Electrle 'l 7 Hartman Cerp ti ., Hencee Mfg ,. Housten Oil. . . 2 Hudsen Moter Car .. Hvdraullc Stei.. . 1 Illinois Central ., Inspiration Cen Cep 35 , .. Indlahema iter , . Indian R fining .. Inter Cen Cerp .. .. Inter Cen Ccrp pf. . Inter Rap'd Inter Cem hue 23 11 , S2S 2 21 4 4'2 :0 4 in 1 tJl HI I T'.e . .1 710 111 I) J ill 7 l.'H imie 'li.s 07 J 1)01, '.) en 1 a ji :v) 000 Kxctv 1.,' Asur.kin- ( Leans ir Ca,b iiihs .v no 1. iinl.r IkiiiiU Si! tli',7 ' "1 e-.O'il en) Btser tnein her t ti m hiiU rscrr lnk r I'l lti.6ri' I 1 -ta lunks nml tru a oenii'Milm 7 'j.'.'i fieu 7 7-7 lie) hnne" In Mm l-anks nml Irtim ceniiinnr ii.esi turl :i 710, oeo u iiU3 oeo Nit dtinnml Ai B0lt '3 SS.1. 4.17. mm 3 dl.'i .Ti! line Tlm UviiuPlti 4.14, 7011, eon 4,u sol oeo Clreuliilliin .ll.lM.'.i oeo J J 'j JO iiuO l'nltilMHl,ml usltii ileJurti'l -il '(lit 010 110 se:. 110) 1jJ S'-i lnternat Cimer.t . 100 .. Int Mir Mar n 4530 Int Mer Mut'ne pf . 3200 .. Inter Nickel . 430 . International Paper 933 .. Invlnc.b Oil Cerp. 200 Iowa Central 1100 .. Iren Products .... 103 .. Island Oil 330 . . Jewel Tri 400 4 Jenes Br Ta . 100 .. IUnFas&Qulf H 1 rc 4 13V, ti't 16', 4 46 5, 51 2't T.ew 79 M 16 50 134 15 118U 77 45'j 363 75 1 11 Hi 71 3i 24 i 184 121 7 6 148 13 109Je 31 Vi 12 35'j 128 110 7i 221,3 19 102 99'8 77 1- 106',i 36 421J 59 "3 34 159'i 155'., ?74 87 LP IC'i row T9'i 1' 43, 120 ' 1370 22 "a 19 33 03 133's 34 s4 52S 63 40 '36 2V 17", OB, 7'a 32' 18'4 9'4 P2 5, C' 94 H'4 W4i. 4 15 :8H 76H :-9 60', 1C4 4H 12': 301, 'C 8 41 i4 fcOh 99 24 teu 65 78 29 1C9 2 'v 61, " 4qi4 44 60 h 8'i 138 11 126'-j 76S, 941. 21 T. 97 ti 13 26', 33 22 126 1C9 2 29-, 2S 5 154 t5 56 271, 65 j 116 14', : 2 '-4 , 99 c4 145', S4;4 12'. 22l4 76 104 a 58H 177 10W 141, e3 40 97 7 33-, ''.4 92 34 4 1 1 67 63 21 '4 82 W 2'Jl, 5 113 35Ji 6Vj I '. 21 :5 4 32 13'i 53 Vi '4 58 54 16 , 4 45 H Vi ")', iOM 2, TPilsv's Net cie Cs. 79'i 4 54 16 50 13S- ' H Hi 118U -77li- 43 V4 ' 36(4- 214 75',- 1 1 1 Vi -71H - 24 184 H 3H 1 4 - '4 B1is In I 200 .. 400 .. 100 200 1700 K0J 200 1400 100 100 124 7 - U fi - ! 150 L 6 13 109 Si- i 31 Vt - ?i 12 35 '4- 'i 128 '2 118 1 M 7?a4 i ?2J4 W 59 102Vi li 99T4-1- ' 77 W 4 i 106tj - 36 42'J '4 59 - H "hi , 159h f U ' 155',,- i 27'4J '4 87 OH'-. 4- 'a I 10Vi 4 Ha j 50 1, - ', ' 59Vj I 1C46 - 14., 120 IT.- 'si 370 22T H 20 33 Is 4- U, 85 I 133'i- 1 ! 24i.i "4 b2S - U 63 ' 40 - ' 9SS4- ' 72'n- fs STOCK Itlsli . Kan city Southern. SJ . Kelly-Sprlnnflfld .. 41 14 KeHy-Spir T 8 pflOO 0 Kelicy Wheel 89 . Kennecett Copper.. 334 . Keystone Till,,,, 7 7 Kresca S 8 175 . Lackawanna Steel.. C2V4 7 Laclede Ons of St L 87 U . Lake rlt a Wut.. 341 2S2 blBh Valley 69 ,'222 3 T'lma Locomotive... 61 i .. i.eevv ine 20 7 Lerlllard (Pierre) pf1211i 1 Left Candy 12fc .. Mack Truck 56 Mackay Ce 101 V .. Mairtna Copper..... 31 W .. Malllnsen Ce "3',-j 7 Manntl Supar pf... 80!i 7 Manhat Elcv Guar. 65 .. Manhat Elevctfs... E3',i 4 Manhattan El Supp. 54 2 Manhat Shirt SBW .. Mar St Rvvy 2d pf.. 19 4 Marland Oil 35 K 5 Martin Parry Cerp. SB94 . . Math Alkali 50 !4 .. Max Moteia Class A 49J4 .. Max Meters Class II 15 5 May Dept Stores. . .136 1 Mclntyre Mining-... 1714 12 Mexican Petroleum. 2294 6 Mex Seaboard 17H 0 Mex Seaboard Oil ct 16 Miami Copper 18 6900 200 930 230 10J 100 400 100 300 1000 100 1333 100 4933 133 100 203 1200 H30 103 10230 933 233 tee Today's Nit C'lOM CBf. 41 Vt 100 - V 09 ,4- 33 -6?4- 175 4-82K4-67H4- 34 f -69 - 60U- S3 4114 100 98 33 64 174 B2U 67 V 3414 60 60(4 18H 121 H 12W 6 101 v; 31 U 33 ',i 804 55 52 i 53U 20 4. 21 U 4- 124- ie 4 4 let w- 31 U 4 33i 80J4 ssii -M'i 8 t 17' 90 7 1, ?2's r 18'i 9'4 4. f2'u f6' 94 - 8',j4 1441j - 35 -8's 7Gi4 - COU - 104 -j 4.',- 12 4 ' 201, - 46', - e9H- 41 ',4 90'i -: i9 4'4 .7 65 - 78 29 109 ! 21, 7 49'i-f 44- 69 .0', 1 38 H 4 1 1 w --614 126H -49 78Va 941J4. 22',4-t 97V4 4. 13 T 36!, 4 -12Q'j a. 109'i 39 ',4 -?H-r' T 154 r c5 - 56 27', - esij 4- 116 14T, ?24 - 94 St 99 50 -145'4 - 94 H 121i 22H- 76V4 4 104 Vi- 59 177 10ii . 1 4 H . 63 -i- 40 -97 - 7"44 33 H . ?a M'4 92 341,4 11 E91H 4U , 83!i- il H t 3!4 20 U 4 5 113 33!, - 4'4- 6'i - "4 ' 'i-f ?4 4. 25 U f 32 131. -f3K -14J4 -59 -ISJi 4 46 n H4 19J4 - 51', 1 2S - '3 1 'a 1 1'a '1 630 203 00 503 430 333 533 930 433 033 100 700 800 503 330 100 103 1700 200 It 2103 800 1030 600 003 803 330 100 203 100 400 300 6100 7400 10200 4000 2600 100 600 100 100 1403 100 500 330 730 100 603 . 500 U. 433 I 100 . 103 ., 2103 . 333 2103 503 2530 100 63J 9503 100 630 833 00 100 700 2 'a si 111 '4 IS I', '8 'I 'i Vi 6H Vi I H 314 H 314 14 H i; !i !i U 14 H 2 '4 14 Vt 14 14 'i H 25C0 i.20 Middle States Cerp. 1214 . . Miniate steel S2 Mln & St Leuis new 0 7 M St PASS M pf 044 .. Me Kan & Tex (wl) 17 .. Missouri Pacific.... 19 W .. Me Pac pf 55 W . . Montgomery Ward. 21 ? M Mether Lede Mlnlnc 10 & . . National Acme 134 7 Nat Biscuit 237 7 Nat Biscuit pf 1 25 Nat Cleak & Suit... 57 i . . .Nat Kn . Stamp. . . 68 .. Nat 15 R of M 2d pf 314 . Nev Cen Copper.... 141, 0 N" O Tex & Mex... 79 Ik .. N Y Air Brake 36 & N V Central 99 M j New Yerk Deck.... 2914 . New Yerk N H A II 3014 7 Norfolk & Western. U0J4 6 North American .... 97 V 3 North Amer pf 46Vi G North Pacific 614 . OkU Pred & Ref... 214 Orphciirn Circuit... 23 S etl-t Klevater 152 . Otis Steel 10 2 Owens Bet Mach.. 38 JS , . Pacific I3cel Cerp. 2?4 5 Pac Gas A Elec 80 ft 3 Pacific Oil 50i 8 Pan Amer Patrel.... 92 M 8 Pan AmcrO 91V4 .1 IVnnsvlvanlaRR... 49 V4 . Penn Seaboard Steel 3 94 6 People Gas Chicago 94 . Peio Marmiette.... 35 3 Philadelphia Ce.... 41 H .1 Philadelphia Ce pf. 43 2 Phillips Pet 48 Phl'llps-Jenes .... 74 . Plerce-Arrew Moter 12l4 . Plerce-A'rew Met pf 29 4 Plecly Wlculy Store 43 !b 7 Pit's Steal pf 96 Pitts & W Va.... 39 Pei.d Creek Ceal... 20 ' 5 Pestum Cereal 112 1'oite Rice Tobacco 85 . Pressed Steel Car. . 86 . Producers & Ref... 47 ',4 6 Pub Ser Cor of N J 65 W S Pullman Ce 131 V4 . Punta A effre Suear 44 2 Pure Oil 29 V S Railway Steel Spg..118 . Ray Cen Copper... 14 4 Reading f4H Remlnuten Typew.. 33 W . RfpleBhi Steel 29 'J . Repul) Iren ft Steel. 50 . R. public Meters ... 2 . Re.vne'ds Sprlnns. . . 10 3 Rvnelds Teb H !8?3 1200 4.13 Royal Dutch N Y.. 56W 300 .. St Leuis San Fran. 27 800 .. St Leuis Southwest. 34 403 .. St L Southwest pf . . 56 U 700 .. Saxen Moter 3 400 .. Sears-Roebuck .... C6 203 . Phattuck Ariz Cerp 8 5100 2 Sinclair Consel... . 33H 203 8 Sinclair Cen pf 101 14 50J .. Skcllv Oil 10 200 . Se Perte Rice Sugar 43 5 30 6 Southern Pacific . . t'4 Va 113J . Southern Rail 25 '4 4J0 . Southern Rail pt. . . C9a4 230 . Spicer Mfg 19 Jj 3500 4 Standard Oil of Call 18 2133 E Standard Oil of N J207I4 530 7 Stand Oil of N J pflWl-i 100 4 Stewart War Speed.. 53 100 4 Stremberu Carb.... 52 13733 JO Studcbaker 1294 100 7 Studebaker pf .. ..116 330 .. Sub Beat Cerp 7 '4 600 .. Superior Oil 5'j 2JO .. Ttnn Cep & Chem.. 9V, 5103 3 Texas Ce 49i4 9730 4 TtasGu'f Sulphur.. 63 ?, 300 .. Texas ft Pacific.... 27 100 1 Tex ft pac C & O.. 23 la 2300 3 TImken Rell Br J3 800 .. Tobacco Products.. 56 3700 7 Tobacco Pred A.... e3ft 3230 .. Transcontinental Oil 15 100 6 Union Bat? & Paper. 70 70J .. Union Oil 16J 1000 10 Union Pacific 146W 100 7 Union Tank Car pf. 1104 103 2 United Aley Steel.. 35',4 200 8 United Cigar SterealCS 200 .. Unit Rwy Invest pf 27 H 4503 .. Un.ud Retail Stores C7H 203 USCIPS Fdy.. 29 200 .. i: S Feed Products. 6 ',4 2330 .. U S Ind Alcohol.... G5', 1330 .. U S Itualty & Imp., f-9 233 , U S Rubber 53 200 8 V S Rubber 1st pf . 95 100 3 4 t S Smelt R & M pf 47 823J i U S Steal 1C6S 633 7 U S Steel pf 1224 1200 2 Utah Ceppir 65 800 .. Vanadium Cerp.... 42 U 100 .. Vlvadeu Inc 12W 303 .. Wabash 10J8 233 .. Wabash pf A 30J4 203 1 Weber ft Hcllbroner 11 103 5 W 1.4 Fnrtte IZxp... 95 430 7 W"-tern Elec pf 110. 1033 ,. w stern Maryland. 15 703 ,. Marj land 2d pf. 26 100 . Vstm Pacific 16H 103 7 Wtstern Union Tel 112 200 4 WcstlnBheuM! A Br 96 830 4 W.stinjc E & M.... C2H 1203 .. Wliee.tns & L E 11 H 400 .. Whentnu ft L B pf. 1 '4 2'jQ 2 White Eagle OIL... 31 '4 933 .. Wnlte Oil Cerp.... 5 300 . Wi'klre Spnc Stl.. I0W 200 . Willys Overland.... 614 100 . w 1 ys Overland pf. 284 103 . Wt.sen & Ce 41 14 303 Werth Pump & M.. 35 100 ; Werth Pump A . . 06 14 54 58 19 24 1 j 28 W EOli 4914 14V4 135 17 '4 226 U 16 I6V2 ;e I2! 32 U 7J4 84'4 16J, 19 55 Vi 214 10 13 235 1?6 57 t)7 3U 1414 79 ?a 36 98 291a 29 Vt 120 95?i 46 t5T, 2 S3 152 10 38'i 2 80 1 4 49 91 Va 9014 4914 3Vi 94 35 4 41 h 43 47 74 12 28 H 425a 96 i9 20 111 85 HG 46 '-SVi 130 V, 43 Vi 29i 118 13'i 83(4 33 29 49 'j 2 18 Lfi 56'a J6, 33 i, L6 3!j 65'j 0 3JU 101 10 43 S3 25 fc'J '?i 19 11614 2051, 117 53 52 128 116 7 5 91, 4U', 62 '2 ?7 23 !a 32 V4 55 82 li 14 70 1694 146 110 3514 178 27J4 86 29 G!4 64 14 07ij 3 951, 47 106 12214 t3 42 12 10 30 11 t3 H0 15 26 16 112 96 61 11 2114 31 5 10 V, 6'c 28 41 14 35 86 '4 54 50K4- 19 4-34- ?efi4- 50 V4 . 49 J4 . 15 135 4 1714 228 14 1714 4 16 20 4 1ZH 22',4- 8 4 84 '4 -0V . 13 235 4 126 57 -67 314 14 J, 4- 79J4 4 26 00 - :.ey3 29 -120 - Se- 46 CG 2 - T3 f 152 4- 10 33li 2- 80J, 50 - 91 T4 4 91 49 VJ 4 3 94 35 Vi 41 !- 43 J- 47- 74 - 12 -9 .r 42 4- 93 -fc i9 20I. 112 4- 85 - te 47 95 14 'r 130V4 4- 3J4-29-118 -14 h3'i -33-29 49'i 4. 2 18 -'.U-L'6 -2G'-3 34 4. t.614- 3V4 86 4 8 33'4 . 101 u 10 - 43 - 93- 25 69 I- 19 , V4 4 117 53 - 52 128'4- 116 4- 7 I- 5T4 4 9 '4 h 49 4 63 r 27 23J4 4 32- 56 63 h 15 70 - 13944 14614 4-110- 35J4 14 14 2 i y i Vt V 14 3 'a 14 V4 14 1-14 " IKi "',4 14 114 H 1 14 1S4 14 ' li ' M 14 4 'l4 li 14 DULL AND NARROW Aspect of Transportation ln dustry Materially Changed by Pennsy Dividend Action iVete Yerk Curb isHtmnttAt Itlsh 700 Acms Ceal tue L'OOO Anne l'acklnc ... Hse 100 Amal Leatner ....'J. 2en lint Ant Teb res urn iiuddy uuna MOO Car t.lsht npe Cent Teresa Bug; SU 1 2!i V4 114 Seme of the price chnnge were sur prisingly wide In today's brief fjstden In the local stock market, considering the narrowness of the market nml also the nmall caliber of the trading. Ameri can Stores, for instance, advanced -'j points en an odd-let transaction. In surance Company of North America declined 1'6 points! Lehigh Valley 1H4 and Klscnlehr a point. U. O. I., nftcr nn opening advance of a point te 52, suddenly dropped te (10. Pennsylvania Railroad was about the only stock te command mere than pass ing attention and en n fairly geed In quiry rallied te !! and held within a shade of that price. There wits frac tion idiaving in the Philadelphia Elec tric issueH nnd P. II. T. The halting character of the mnrket was a nnturnl aftermath of the week's wild gyrations en the big beard. There was 11 disposition en all sides te defer further activities until thp market sit uatien became mere settled. The overshadowing event of the week in point of Interest and importance wns the action of tiie rennsyivnnin imii' read directors lit practically restoring the long established 0 per cent rate of that premier rnllrend security. The shareholders will receive en income of S2.2." 11 tdinre this year, the same an given In 1021. Net only is this grnti fjlng te the stockholders but the inci dent is nlse regarded as of great slg niiicaiice In its bearing en the general Munitien. When analyzed, it Indicates a mo me mo mentueus change in the transportation industry, which since the war lins been traveling ever n reifch and rugged read. It Is hardly 11 year age when grave fears were entertained nn te the ability of n large number of the railroad sys tem te escape receivership prececdlnga. The eiliciency of management has been nut- 10 11 verv severe test, if net nil licit! one. If the nctlen of the Pennsylvania llallread beard can be accepted ns "n criterion, the transportation lndutry Inte net nnlv turned the corner but linn Mind; n straight, even read nnd left all the troubles behind. It is within reason te expect, If con ditions were such te warrant the "IViinsy" heard te resume the old divi dend rate, interesting dividend changes can be looked for among the ether sys tems Ah a matter of fact, there are several which might be termed nlmest a certainty, mere particularly If the outlook for materially enlaiged earnings of the carriers are fulfilled in the next six inenth'i. October earnings arc ex pected te go far toward mending the condition provoked by the cenl nnd shepmen's strikes nnd the tremendous vale of merchandise meviiii everywhere. While railroad traffic ordinarily de clines in volume after October and dur ing the winter months-, this yenr is likely te prove mi exception because of the huge 11 mount of deferred coal, ere and merchandise traffic. 2'a 4 TOe 1BV4 teia ev i 204, 87 t ilv! !1O0 Federal Tel ft T., 7 leuut wen nil pciun 200 C'hl Nlnnln leOO Columbia Emcr. . anocenley Tin Feil.. OOO Cent .Mtrs tun Cuban Hern Hun. . lOODurant Met .... V00 Onrdner Mtrs , . . BSOIIIitte 8 n loeolon. Aldan Ceal. 100 Ooedyear praf... Sen Ilavaa Whaal ... U00 Mayden ' Ciiam loe iiunaen we. prat OOeT.ueey Mf mxi Aincy v-e , , . , 100 Mllllkrn Tract O.leUNat Ulacult . net) Prima Itadle 444 2U 84ll 11 II One 1IU4 4 S. son lt.n.ttl inn Imp Tobacco . aoe Inter llubbcr l(,0 I.lliliv MrNnlll 100 Merrer Mtrs V T C 'Jji noe.Meaabl Iren 10 inn nan iainer . . -.' N Y Tal pre( . . .tee Packard Mtr . . inat'hlllp Merris ... 2(1(10 Itadle com 200 Itndln pref J 00 Hchults Stores . rnne anuth Ceal ft I. 200 Ktuts Mtrn .... loe Technical Pred Seft Teb I'red , 1400 IISL It nut u a nieam prer N . 20 . 4 . 3' R!i . 4.1c . 1S ine tin l'ren Hhar new ,iiu 1 nn jvei canity . . 1.1400 West Knd Cham . 1400 Wimher Mtrs . . . W n 7 70e 10', Lew l,nst n.le Ofle HNe nse alt, : 4 4 7ue 7ee A 18 10 ION Mill r.evl tl II 4 2H4.7 2(14,, 2S anj 8(1 D7 24 2S 14Vi 14V4 109 108 , 4 IM Oe en t, HI flee iirte 1B'4 lay 4 4 5 N 2 2V4 10 lO'j 110 110 17 17 20 SO ft ft se no 41n 4 He 17 17 f. f. Htt (U, 1 11. 14 1 llOOO Ohie Copper 4 e .209 Park. Utah ...'... ?W 1101 liny Merrules .... IV4 2O0O Pinion Hit l.eii.l. . 32 1(100 Hprnrhend .se IIHlOHtnnd Ml t.eail... ll'u 2000 Hucccss AH 11 70lTone Ulvliln 2H0II Tonepili Kxtcn . . . 17(10 United Knslcrn ... 100U U H Continental.. 200 United Verdi . . . . miOOWcat Peme ,i.... 10.100 Vest Knd (i TiOO Yuken Held 2(100 Handaterm flOOOPIIver K IJIv. 2000 Wtst i:nd tin ... nexiM noeo Allien l-ncij ',':: ,,.:, ,,,n a00OAIumjnumT. 88,.10 1 100 (1000 Am Cot Oil OS.... llHjl . , , lennn Am Tel en. 'Z4...iun i"";' 24(i(H Anaconda Cep OS. 100 1000 Anaconda 7s. 1?..1J3 i'OUO AnKle-Am O 7V4S.10S aone Armour ft " B.vJ2i SOOOlleth Steel 7. 'ilS.102V! 2000 Can Nnt ny Ka Bs lis J ltneni'nn I'.m lis 101 V. noeo Chur Iren s ..... JJ: lonerit Servlci 7s !.. OlTa 41100 Cel (Iranh Ra ... pi Hum Cens O tlalt Mis.. IwVi .10(10 CeliH ls II lit (W .104 1000 Ced Ilxp s. .'2.1..1 " J 2 IP.?. neon or Trunk evs ...""',. i"iK J'V 20000 Half Ol 7s - v 12il4. ITJ IW'I .1000 Heed ltubber 7s . Oli'a l'(l 72000 Inter It T Ss rlfs IS 7 nj 1(1(100 Inter 11 T Rs .... 1 7'i HT T( 1T00O Lnelede Cliut 7" ..101 ', l"v 1000 I.lbbr McN ft l,s.J02U 102' 102 -MiliOAm-UKht 0s WVV.100.4 OOi Mwa.MJI llle 100 iSSUC '; 4 He 4.10 jac 4MkteJJ11 1 7,1c. 7ne mWVelmm :;n 1'" w mlm . "' l'; WMmM i - MO Set 870 JmmmWmW lie iiHi loe ir"vU")usiWPPJkw Oe Oe 0c II s II bn m ,l,Atk 111, ioeii 100 Urt nu: 01 1044 10.12 JOB 102ji 102'i nsTi esj! let,, 101 UBU 03S 015 Pit 8e ai, HUM, 1IS',i lej 102 m iim 04 HTAMIARD OILS SOD Ansle-Am Oil .... 20'4 loe Atlantic Lobea ... RV .1.1 Oalrnn flltnnl .... .10 ns.i lmpcrlit OH Can. .110 he Ohie Oil Bin 2.100 Stand Oil N J vv 1. 4-.ei son man oil or Ky .'.urn n uii or ind laofle Am vt '"";. ,n,,si i mu inn, ineni) ln-tn.lt ,C Oas 0s..10S 1 OH in(J ?oeoann"oiri;,B.?10SJ 105 B .iJHJSvttaWr S&i: e St. . is. "He !M2?.L'i .rtnILn,5"-18Si'i Smti 'nan e'i 10'i s "" iBr v.. .... .. - ,; , 2.- ln2,. ..01, 1000 Sun Oil 7j... 102' 1 j? '"'4 -2 r.ini-e.swirt h ce.r.s.,... 0;j,, iS fP, soeOKvvllt & Ce 7s. 'iU.10J4 10. in., .V! anon Tidal Osne.Ts...J02,4 10-' IIUJ4 ' reed Vacuum Oil 7s....l 7'f in.4 10. J4 SI" niiw.i. i;,i,i f-itv I. I ..s. H2?4 '. ."-: 4-j "iA. a ;.: .....in. it., ii.inni. ieni inn1. ct r i 20'4 ,10 H.l'4 anil 42 .lORti lOS'i lOSLj i-j.-a rji'4 rj'j'i 70 H Oil of N V am r.sa R00S Oil N Y v 1... 4N'i 47 1S0O Vacuum Oil vv 1,. 42V4 42'i 10 Kureka Th li.l ,1 10 Stand Oil Kansas.00.1 fln.i 200 S OI Cnllf vv I.. BHU Bll'i iMiernMiKNT oils lOOAIein "tj, 2 10-)Arkunca Nat (las n" 2000 Ileone Oil loe K0' Husten Wiumln. . I (.eni'nrlb Kind fi, 20 Cities Service lilt 2(H Cities Serv 14 ctfs. 20. B01 4H, 42'i 111 001 IW'i (!!)' . 11V . 1 SH . P.le : id . . 4 4 r 07 Philadelphia .Stocks lniX'lt'ee Herv nrpf. leful Ilnslneers Pet . . 20O Kciulty l'ote pfd IU2ne Federal Oil ... aiien (llpnrnclt Oil . . . 2(ie(lritnHdu (ill ... .101.0 Hud-en Oil .... KifliH) Int Petrel loe rb- I't . . . 100 r-llli-H Scrtf 11 if ion Cities Serv 11 pfd..(i4 oeo dulf Oil Tcnn . . BS ."Ji Mas-nelln 211" 4N..I .MHinmeth 1000 l,unce liirtii foena Tele , ine Miracalbe Oil .... .loe Murlnnd Mex H'OO Merrllt Oil 2.1i) Mexico Oil 7000 Mldvveit Texsi .. 20O Mountain Pred . . r.H(H) Mutual Ilcf . . . ICON Y Oil 2(10 New- linn Fuel 10(1 New Mix Land ... 2ert Northwest Beet Ni.lile Oil Moe Omar Oil ion Pennerk Oil . . . . 10011 nod mnks llMie .Suit Cni.dc Pred.., ine Salt Creek Cens , aoe .Sapulpa lief line Seaboard STiie Slmm-Pet . . . , .".ei'O S'evt!T P i It. 1200 Se Htuteji Oil .... 150(1(1 Texan O 4 I,. . . (ion -rurinnn !,W IVIIcex Oil . ... MINIMI lene Am com Kin Alaa-ltr Cel S111.11 lleleher Kxt aoen llnaten ft Ment.. . 201.0 lloHten Ment Cens. 300 Canurle Copper . . . 27OO0 Cundelarla M 2-JO0 Cens Cep Mln .... son Certes hllver .... tniilO Cresnen Oeld ... . 1000 Doleres KHrerania. 41?4 Sc 07c 10 4 34e l(lVt 12 VI, 70V a , l.'.c . 24c I H , 2oe 1N 10, 2". 2m It . lSi ION! 41c 1', .1', l'r Kle 1 B'i IDS 20", WW inc l.i Sir & l.-lc 21 4'i 07 O'i B7'i 242 41 'i a.- O.le in 4'4 1 .12,- ni'i 11 iu a a Lie 2.V HI H 200 1H! ltl Hit 10 1 Si ll. 4r-l'i ' 2i; II 10e 1 r. Ids 20 (.! , in. 1.1 P4e I', 2' Lie 2H'. IJ (.7 0'j r,7 211 41 He l.ile II. 4'a C. 1 air 1(1 12 10 70 :i Lie 240 HI S Ml 4 IS 101, anon Neb Power (!.... M'l I'OUKKIN IIOM1H aenn Arcenlltm 7s ... 10(1 1(10 jOOOCan .M ';,- !!', (1000 Kin of Neth (Is.. 04 4j" ; ... ." v,:i iii- inu nnnn liussiin ;n . ... " ;;.f li; 1.1 (', It'll 1.1 70N ia 10 10a B7 .'OHO Itusslan 0s itfs. It te ifennsvvlsi Oevt :... -10J II ir.onei' sj Me-c 4s :i7 a.i DIVIDENDS DECLARED ........ ;. tint!, fnr.. nunrterlv S2 en n-e. f..M.i. tmirtble Nuveniber 1 te stock et record October 27. Intern illenul Harvealer Corporation, iin.irterlv 1 t-er cent en nrtterreil, navnble Dei ember 1 t" stnik t.f mud Nmembcr 10. Cbjnnel Chemlel Company. S2 en Clas, II. pliable January '2 te stock of record inceinber 20 JI..10 en C1.ik A. piyable Ne. vemlnr 1 t stock of ri-ierd OMnber 17. and 3 per cent 011 pref et ted. iujnb1 January j tn stock of reciitil Pec, mher 21). lllumlnallni and Power Hectu lilts Corpora Cerpora Corpera tlon. lnltlnt 7.1 tents n common, and tuar terly Is, t-r cent en preferred, both pnjable November 1.1 te Htnelt of rererd Oetnlier 81. We iptdalitt in The World's Strongest Bends US. Certificates of Indebtedness Geld Notes Liberty Bends We buy. sell, and quote all issues in any amounts COMMERCIAL TRUST COMPANY Mcmbir Fcdirst Rttmt 8m City Hall Square Be 2 7e lie t2e 2i 42e 2H 7e 11 "He 2 4Ue 4 U 2 1(1 l(.( 1 r. .0 11c hJe 4 1 27000 Candelarla M 42.- 4(ie 4er m, ... 1 2200 cons Cep Mln .... 1 4 4 . ' ""'I v ener, hiiver .... lrt 1 ,Hi ly 'a jiiku i.w v-iuci. viia jiihiij i-resen lield ... . aa 1 mn v... Mill 7".'. 7K, 7"'i4- B4 ' l'loe Doleres KHperanza . a li ,""...ii ........ a -.; 1 " ,-iznoe ia .lalvadur :te I'e 20 .? ' 1." Am Strs.. I."') l..-.' j l.M'i-r--. ' l.ie.nt Kurekn Croesus . 2')e 2. s-ie . ,' ' 0"..", l-'lee Ster. ."(Pi '".-"7S "(74- I', 20O' Held 1K-V .Ie ,V r.a 1 T ,. v 11 .mi. .tin?. 1 1 , .l'i(i') Held .en loe in,' me u, 110 In Ce N A I''' J -1"'J "-J JJ lene Jlarnilll 1 ... . 7e 7c 7e 1' I llOI.nl.i' Sun. d-'i (' IPs ! .ib.i.HMl Tun Nev . . 1.0(1 .B. 1 ml 1 'si Hi ! 1'a 'i 100 I.eh Vnl.. '"', 4." O Kl.senrr 7.1 .vr,l) l'etina It It IIIs, lilKttlVnii Seal) Steel.... 3j 10 l'hiln "e cum pf.. 42 210 l'hiln i:icc .".l'e 210 de pnf.. 'M 10 I'hlla InMil Wire.... .1!P s," l'hiln It T .'12 V.111 I'hll 'I'rnct ti" 200 Hn.Jii) Cerji pref ". .".0 1'nlen Tr. -Kl''i siau t; 1... "'2 , 125 de pref.. ."..'i 20 V .1 Ac H :..."i (S IP j III tlS7sl(. 7S -l l'P-i4- .'P2.. 42 .. ias n T. 'j lr'n :p,'. .".17; 07 :i;,t 40 r.e-i, .-,.-,'7, :r.' :ip;. :ir. afp;... :n-i ; c.7 . . ,3 A-. 40 f 4fl ill"! 1, :i.-.", . . :ir. . . 17a Yerk Itvv-j- IWPj !." de pref. . .(.1 'Net fbnnse made hi compiirlsen with last sal.' un Ne-v Yerk Stock Kxelianxe. Tetnl Hrtles, .1103 har. . compared with 10 1D1 ,-hnres yesteidu Thus far this week. ie.,70" f'l.ires. IMIII.AnKI.rillV IMIVD8 17000 l.lhertv Kil 4'is 2Sh OS. 00 4000 Liberty 4th 4Uh .'JSs... OS. .'IS 00000 Victory 4is 2,'s ,"000 Victory 4.s called... 20000 U R Treasury -I'is.. BOOOU H Treasury I's. !(" e trdiiindin Le.id H...0 Lit IIcihu Mill . aoeo im.. Mnr .. . 20'.'. Cerk Provlnce Du 0 Cent Mines 2.I11O lit an Cens . . . loon Dnlile Lnke . . .. 11.0 Kr.Mlen lluld 00000 Oniil Dep 110(1 Henrietta Mh. r loeo Jim llutl.r loeo N Y Porcupine 1000 Hlilim.ind . . 31(100 Itubj- Itand Ki'ie McNamara Cris 131.0.1 March Mln inn Mnann Vallej . . 400.) National Tin 20.10 N v r-lt Hern . 1000 New Demtnlnn , 2 1 1- 2.I.-,li- 211, 1 OL- Mi ll I, t-.tr 7 l.i. 27c .(I s, 11. t-, Jll 4, :i is, 1 1,0, 1 .;,- s, 1". 1 '1 21. :ii a ,0 21 ic (loe 11 p. We will buy 400 shares of Cities Service Ce. Common Stock at 197 per Share We will buy 400 shares of Cities Service Ce. Preferred Stock at 693 per Share Henry L. Doherty & Company 601 Merris Huilding, 1'hila., Pa. i'ieiic: Bpruce ices v C. S. PATTON & CO? au fllESTNVT TS. ' BANKERS ... huceeaaers te . RAIU.R AS HTKVI.NSON lUinds nml slneks hetntht unci atU. Lawrence E. Brown & Ce CERTIFIED PUBLIC ACCOUNTANTS 1650 REAL ESTATE TRUST BtDO ui.y.iiaitie un. 1 a.ijtiti ci.riirtln tt ptctne iiir'nerklilp nrenunta inremi Tax iii-tiirnt. tind riNAVTni. i.vaiiiuiiv coieTY cn . co rii.il Netice la berebv Blven It at In uvirnug v. .i.u .vi, 113 vi ui iiuuvn .nerik.as. -!! May 1, 11112. bend ,os. 33. -J3J. in atl Jt IM al7l hfin Unit itrti u i t.xm m TTI out of memyi held In ihu Hlt.kln KnniS jrincipai or ahWl.eri.is win be paid NmI ' u(. me 1..U1.M ui i no iruiin.Ai f'Viatalntil utri.t- t, 1 1 ..rial l.l .. .VT ' Chetunut utrtttr Phlludelfjlilu, at 10Sull TUB I'lZMNaSYIA'ANIA COMPANY tTlRDtl Intercnt. after which dRtn lntrriiit nn i ru uinttii Hiwtii ccanc. auiwNCKs en Livna and era ANNUITIES. TruatM. l'rtinniN LOUIS T. KLAUDER fONSi;iriN(; i:xcjixi:i:ij Power Plants Pnnsylvnnla Bldfr., riilla. jl ! V 1 , 185 10 27 W- !', C6U- ! 20 6'- Vt 04- 1 C9J-J4- i 53 M !a 47 r H 103'i !4 1.1214 H C4 12U Va 12 U I0H- H 30 II r 'i 9S - i 110? f- !, 15 f- '-4 ZG - ''a 16K -- 112 4 Vt 90 - la fil - A 11 - H 21 Vt - Vt 31 54 Vt 1 0 . . 6K !4 C3H H 1 Vt 35 06K- 2 ..100.24 ..100,00 ,. 00.36 .. 00.40 1000 Klcctric & 1'cople'n 4s.. A014 1000 I.ehiKh Valley gen 4s.... 815 400 Philadelphia i;iec lat OS IOIJ 1000 1'liilatlelpliln Elec 1 Ca OOVi 1000 Philadelphia Eleo BV6s. 100", 1000 I'hlla Electric fls 104 1000 Plill'i Electric Us lOH'v, 4000 I'hlla Electric (Is 103 Total. J121 400. compare 1 wlt " C3terdu llius tar this v.eek. 1302.000. usti:nine te rei.mcAV, rumors That political llne-ura muat ba reformed In riillndeltilila la n certain a the recent death of huuater Yarn, but what the out come will ba no one tan predict. The multitude of ruinnru are belns sifted for audi facts- aa will be Interesting- te the readnra of thj Pcm.ie Lsikjub. "Make It a Habit." Uu. BONDS Municipal Railroad Public Utility Industrial Harrison, Smith & Ce. INVESTMENT SECURITIES 121 SOUTH 5TH ST. PHILADELPHIA ftll.voen GLOUCESTER KII'.VTV, NEW" JEEJE1 Sealed nroneanla will Ln reretv.il w rinnnce Committee of the Heard of CIcm Freeheldera of the County of Oleixeiit, N. J., en Tnesdu). Neieml.rr 14, 1WI. K the hour of ID o'clock A. M . m th Ft heldera' room, In the Courtheua. at W4 bur). N. J., for the pun-haw- tf CeuntrKMl Ilends of the Iteinl uf Chesen Kre eheldni i Hi.) County or (J'eucenter, In an eiituu nninunt et $ iTa.iiiie. An iasue of J4T.'i 000 of bends hit tl duly nutlierlzid by the CeuntJ of Glouew ler the construction of county reads The bends new Lfftred for i-ile arecltk f'ciieinlnntlun of ilOi.H euch. villi U ifM December !.". 11122. and will beur Intertim j tin, ratu of feui (4) per centum. w anna iu?.iuiu -icnii.,iinu uiy 011 1110 iun n.ji a June and December uf cnili jear Tbi l t.-rest and i.rlnc 11.il will be injable it it 1 itrinem nnd .Mecnanics .Nuuun.i na Woodbury. N. J. The paid benda nrn cvien bendj (5l thlrty-enu of auld lumla will mature en 1S1 l.'.tli ilass of DeccmbT. In the sears M In 11)27. Inulu,lve, und tblriy-tua of "4 bund., nIiuII mature en the l.'th d.c j 5 of I comber. In the Je.ua 102S 10 193. b ( ICMlCi.. 'I mi amount necesiirv te be raited 1j t!T.-. MAI. I-.Ud. .11 l.l.l or.. ...Inrtn.1 ,li I. .....V". b.lir.j Ml, ,','.. ,... ..v..-. --- IkiiiiN v.lll be sold tn the bldclc-r or WJicfl . riiiiiillru with tlm terms tf s.ile unj ode '111.: te I'.iy net laiaili.ia the amount rear 1 mry te I,- riiUi'd nnd tu ike the lea I amount f b.i.ida uffcicd for hale, cen-jr I Ine vvlih the that maturity and thitltm ler mere li'dfl-ra c((r te t il.e I1"..'"! , nmeunt of rurh benda. then te the bleliX I I. .1.1.... . imii..., ,.. t.., , 1. ruin. Ih. hXZXf additional price. Ne innte lmnds vvU U sold thun will produte the uinuunt rjMi'il te Ie talsed. S4TA IH'D, and en nJilltleaU um of lesi than JK11.11. , . . 'Ihn rlnlit la ttserved te 1 eject enr W all bid". t .,., Trepc-Mli rliall 1" idlre.rcd te IM ti" r.' II,., liji.r.l ,,r i-liiiven I'leal-eldcrs. V"' i.i.r.. v , ....1 i. ........ 1 e ., ht-alrl tnt viv. innrlceil en tbc outside, I'roresa! W llend Itend." , , ,.,,, Hlddura must at tlin time of niaKlnr t.(- bld Ucpnilt a ccrtlllcd il.ck 'or 'K rcniuni ui 100 ,uci- ..m-. ... v t - -. bend, drunn te the order of the, ceu"!.' J (llnuceater. upon un incerimraieu - tlm fallure of the tidier te cunpli will" tei m ef lite bid. Checke of unmeet"-" blddera will ls return.-d upon tne n""'"! the benda. Ne Interest will be lleJ..? th amount of the check of a uw bidder. Iiy c holders (.'UAKl.KM N. III-.-". .,., ciuiSTcn n Hrni.i.MA. CIcrK - liy order of tlm Heard of Chesen rr .Idcra of the County of (lloueester. J-, JJatcd Woedburv, N. J.. Oct. Id. 19- LOMDARD 9100 r . ; IF. 1 .- 1 ,' Cern GRAIN MARKET I'revlnus Ciuse Sfj0 m 1& '!.'" Tiat fur '..".' luW .. .. "16 .17 iik 117 ' 1 US l.ia'e 1 Oil 41', 42'i an'. Open lis W rt7", It 07', II AM. 07', FOREIGN EXCHANGE New Yurh. Oct. 2- The mark." for fervicn exclianiii- was falrlj uctni- to te da.v, for a Satunlaj. nnl the fiat are was, as li(reto(ere, tiie svnillnes., of sterling in eentri-t with fivtidi nnd Italian. I're-w-ure vvim lesmneil au-alni-t the two liiBt iiieiitlniKtl i'-;ehant!Cb with the lesult that fiarti's lnt 10 peinta finin the npeninx and wia H jietnta under Erlduj s de-ltiK figures. I tn inn cxi'linnKt) let ." (.lnt net; Hclflaiis wire down II, Niirvvnj, Sweili'-h 'iml Dullish were down ,'i, vehllc h'uililem and SvvIhk Improved 'J points and Span ish KUlned It. Strrlinu cables wre 4 -Hi ;l-KI, dc- l.iili vere down 5, te a in w lev Ilu inainan dtepiied 1. ijiietuti. ni were-: Kuiituriiiri, .70; Kuraaniii, 04. iirhirtn. l.UO, (Jieek, 2.1-; Cze, ho-SIeviil.uin, .'110. .lunn-Slavlun, 4P:; polish, .007",; Finnish, 2 4". Austrian, 0013 ; ilungarlan,. .0004 The dUmunt en New Verk funds In Montreal today wan nncliansed, us ineit of the week, at 'h te H-H2 per e.-nt. The premium en Canadian funds In New Yerk wan quoted at 's te ."-.'12 per cen". bid nnd nskei. yKHTKnrT'H CI)aiNO QIijIAUuNS Siterllna: Trail l.ir i.utldera Demaml 4 40 7 .' 4 no .ri.ei Cab.ea 4 4U; 7 0,1 I any, 3D 07 TODAY. S OHENINU JI OTATIONS COTTON MARKET Previous i'le-i ripen I)e 2.1 T 21 SS Jf.n. 21 III 21 r,i .Mareh -J.t.SO 23 (10 Ma 2.1 Id :i f..4 July 2d 2." 1J.-7 Spot 24 30. Kuril 24 J", i.l :, 24 00 21 ll'l 23 03 Iw 21 Ml 2S f-l 21 00 23 f.2 23 27 llOe 1'4 ltll."i '.'.1 Oil Jii'.t 23 HO 324 IS H.'.'ue; 1 23.IH. NEW YORK COFFEE MARKET Open High Iw riose TW.l'l. ;.ev Dee ,!un Kl. .'lurch Ap-ll ! June 1 llh 1 14', l la's i,lS I oi'iOi.en 'IS 1 mand 4.4." . ftanc rabies 7 00. dii-cki , ,nunrt e.cj j n.0v ; lire en Lies U.!) ,-h(eks 11 07 la i ' cables; , ,,, I IJelBian cublPb u.ui, clieeKB tl .)', ; 1 I I2'J Min ClbleM l,"..:il, (-liecks 1.120; Sw I ..!.. Mr Gu1Mra ru,y 4 (I'AK All (hi Au 11 ,lba- 42 V, m 401 SOS 42l ,10. se . n.37 rvie.aa 1 Ofi's 41 42'a BOS, 1 10,40 Utirllna Francs 4.411 I ll- . 4.4(1 7 10 4 00 f'1OSI.VO QUOTATIONS .StarllnsT Kran'-s I.ir flulldera 4.4.'. T (-'i II (17'i 31(00 4.46rV 1 03W 8.8S Sli.d.-l bcM (i 706 7". y 0". 0 r.jii.13 U 33f34 li'l Off 20 8 00 '111 ev . eein . e un c JU ua 1 Mild. "Nominal. I) 71 ll'Sli I) SH U 20 H.83 0.7O I. ilDOTO 111 I-..1 '" M, -., 11 di uriiii.iii 10.43 1. 3S 0.34(18" . .. t. 24 0 15 (UHMIt . . fft.08 H.83 B.fi40 8"i I. ..' I. It. li mi 0 01 1" -.. I. is 1 I. .Is n .1 H 14 , I. 0(1 e s cables 18.11. check IS.OS; Danish ea- , 'Swe." i.i... 11.1 ,, ..1 1... iwv ,11. . x- .... .. 1 .. - lf auies men -ci. ,r, t-iii-vni -'.. 11,1; .serwuy i'iiet-H - IN.tr., incchs ifv.iii: MVMiisu (llbi-eif... .c...... Affaeta We' r.e.rll 211.711, cheek 2II.IIS, kuIIiLt 1 ublis :tl.U,i, checks :j.w)i marks ,02a. In Central Cut-epe exchnniteH, there were advances mi nemiiml (piotatlens of 4 points in Czecho-Klevaklan; 2 In Herman ; 1 In tlreelt aiml Vi point in Juge-Slaviu,' Ou lliHitbr hand, IV rhlrJUTO. Oct. SJ.- nlnu a-raln Is affectln tlm crtdlt sllua lien tnrougneut ine aimui- tv est, in. Lack nf car for ahlp. auua-mefith. ly report of the Chicago 1-ederal nenn Hank, issued today laid Lecal elevatere ere reported full and unnblu 16 accept ad ditional consignment until a belter move-in-n I te primary markets Is assured, Wbi reliert dtelired . 1 J BANK CLEARINGS Hank tlearlngi today compared will, enr respundlnsr daylust two year.! mq Phtu .,im,oeu","oo loi.eoo.oon $70.430, oes iiosten , i,oeo,ooo 4a.0ou.00e ... MONEY.LENDINO. RATE8 rillLXpKM'llIA CWI1. 0 r cent! time. :enij commercial pii, ,mr 4Vi te 41i Mr "Bt, 4H ti 4 per cent! oetnmerd te aix menini WEST END TRUST COMPANY Bread Street and Seuth Penn Square CONDITION OF BUSINESS OCT. 18TH, 1922 RESOURCES Heal Estate $1 ,000,000.00 Investments . . Time Leans . . Demand Leans Cash and Reserve 4aae)iifta 5,478,538.66 357,375.80 9,831,373.95 1,731,997.87 $18,399,286.28 LIABILITIES Capital $2,000,000.00 1,800,000.00 277,926.45 14,321,359.83 Surplus Undivided Profits Deposits .,,, , .,..., tttt,, ,. ,,,,,,, ,,.,,,, fl,t,,.,... 44,4, 44 liKi'AKTMKNT Ol' I'l III IC JHi'W ' DIHIH TIIK'.S 111 I 111. aai 1 id ii'i" , . .... 1 riilladclphl ). (Mebn ; ... 1--, Sealed proposals will b" riielvedaiwi efllie until 12 o'clecl. neon. '"'SrTi NmimbiT 15. 10JI. vvlieu IM vl" " opened und n-lie.Iulel R fc I "J L'UItKAU .OP HOSl'ITAtS anil a.m' i-i.-K -3f;, ,.,,,.. u Fer the cuiistiuctiun ut i ,ull'rfj ,,ii...r.,,l,.,- tinmen mit'etlts. inci- pluinblnir. h.-atliiK ntt J-l'C'rlin' J"0'' yi ,i.-i' I.I-.I-H..I. - - ...nu a iv... h iMBtniiiiilnn of 11 sle-en steriiiw.1 metal ceblnelB. elc. for th-i I.aberaWH" "j'.."i".ln. Mnenrlnls. ferirS it .11 aKv- ."V"" ". .-.." ...! .,, I'ihiis nml lninrmuiiun "'",""'" II ,11, '.v ." V. n.l(B uiiiiii: may Ik. bad uien npplua ion w ; II Jehnsen, Kail.. urclilUcl. irfs- 171f M.ir.nnm Rt. .1 m I lids from ethers tli.ui tbe-' e ',li eilnlllalnsl In business fnr vvh Ifh rreP" ii in asked will net b nlrrl. I''". sld-red. Hlds ure Invlt.-.l. subjirl W """, ninuoprlatlen by Council . Kv , (. All bids must be necenil anled J' ', nllcate from thn City Pc.lullir trt "J bus l-c-n furnliliuil In ncumlan'e vm r'l.v.SleIlH Ol ine tiriuiu.ii'" - i.pnreved May 2.1. 1MI0 ... .. lMrt The Dlreeter 1, serves th; right 10 ir r"J ,i ii a tiite of bids exceed th" s,ln,.. 1,'enli'l be neceasary fcr u nintrnct '.' '.',,i any proposal, In whole or In iwri, teresl of tl 3 cltv !,,,. v - - nil the bids, as be may deem tt '"J ''' .. .. ,mioe, H-g Inlo. Ilw cost nr vviiiin "",', ,'juwnia r. hillvc- thereto mnv be ubl.lH I'd "B.:i, f.,ilrv nt Ihn office cf til" ( I') .SnllcltC-" r.'l ry I in. Q.iire ft ,,, r p,. lloem 40rt City 11.11 ."'II''!'' .V"':j rn, c. Lincoln rnun'Mi. J.T Bt Ulinti.r or 1 1" i'''i"""""l. nivlilrnila . Phll iilelplila. ) tntr ,.-,' i,', 6 Iim Heard of Wriert, .hii IMi J , lured a .ii.irlnri, (1 oil ,fj, iV l.'.'r). payable Nmemhrr l',,,.,1,in,i & hefde 1 of rcce. d at close of br J ' v ,.. . vi 111-'' Cierl.s will 1".' I""'',.'-. iif. J. Williien Smith, Praiidant $18,399,286.28 Charles E. Welbert, Treaiunr "The He Vl '''",':,' '..VS.. 00 .MK lie'l (bul lh" mm of V,,ii.'i erelln " iransflried from Iho undlv IdeJ r"1 m auudua fund of tl..' ' ' AIIT0 rilAlu.i"' -1'- ""rasbatc. ""riilladelihla. October ll..g, The IIOB.'I Of UlrcHter. '" ,,e"eSW .'In!, uf Lus Hesa October " will he mailed, ciiAni.na rc. .... 11...IIMV. pipePJIll;'i'!Ji',i- Jij. la? ii, of tnu "'k!lLlfW5 J .1,, will bl'M , Vintri '. Ml, Vii, Uf ,1-''' - ... ltl'jO Aiih Htraet. . , k, eiik!j All ilecte" lira .inviteM .. w TOO nieeuna; win 1,.-,,-1;i ir stunta of Ceiifirenre '?",l"r,flg Biy, Camp NipabwlB.1an! einerig 'it 1. 1' T5 --,-.. .. , , - ,, "M .- ia ,j.w'jsa 1 iJN.1 . mL $m E'itvjil1
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