W" A VPPPSJ
WBHMlTHEJS'fflS'.fiiswr'
p.. j.. T"9...ii,T :.."!. Tr f.'.;v 'j: '
- 1
V'
EVENING PUBLIC LEDGEKrHILADELIHIA, WEDNESDAY, NOVEAIBISB 1. 1022
if ,
iifc n
ft
IV
14?
y.v
$ I SS2?fev
. ua-
UMTS RALLYING
Te Free fn Pennsylvania
and Exempt from all
Federal Income Taxes
City of
Philadelphia
Improvement i Bends
Due 1952
NON-CALLABLE
Price 101V& and interest
yielding about 3.935
Circular en request
TheNatienal City Company
Philadelphia 1417 Ch.etnut Si.
Atlantic City Chalfont. Bleck
1325 Boardwalk
POWER IMPROVED
After a Brief , Period of Inde
cision Whole List Recovered
Rapidly
City of Philadelphia
4 Bend
Due 1952
Pries lOls Interest
Yielding about 3.935
A circular describing the
above, together with a
chart allowing prices of
Philadelphia bend? since
1900, will be sent upon
request.
Harris, Ferbes & Ce
Pine St., Cor. William
NEW YORK
PHILADELPHIA OFFICE
Widentr Bids.
Telephone Spruce 7040
$150,000
ARMSTRONG COUNTY, PA.
A BONDS
August 1, 19251941
FREE FROM STATE TAX
IN PENNSYLVANIA
EXEMPT FROM ALL
FEDERAL INCOME TAXES
PRICES. TO NET 4.15;
REILLY BROCK & CO.
306 CHESTNUT STREET
PHILADELPHIA
New Yerk, Nev. 1. There was n
very MtibMnntinl recovery In prices in
today's sleck market ami the chnrncter
of the rallies Indicated the bearish
brethren of the trading community hail
everst enjied the mark jtist as much iih
the bullish speculative, clique in the
nvent spcetmtuhir upMdding of the
Industrial apeclultlt'S. It Mould be dlf
llctilt te pin down any particular out eut
flde event occurring overnight or during
the day which could le held ac
countable for the revert-ill of the mar
ket pendulum. The whole list gained
, strength us prices moved te higher lev-el-,
which could cnMly be accepted
i deiiieutratlng it completion for the
time being of the speculative adjustment-".
If cntlmeiu wns the propelling force
i the market could hardly escape a wide
'iu break. The severe reaction of the
two preceding sessions made bears
ecimlly as fast ns marks by the tier-
mnn printing presses. Almest every- ,
body before the opening wanted te play '
the short side. Hulls were nlimist an !
unknown quantity In the beard rooms, j
The rank and file were certain the (IN- '
appointing minings of thit I'tilted i
i States Steel Corporation, published .
lifter the close yesterday, following the
' Studebaker extra dlvldejid flunk, would
precipitate n general .selling niecment k
at the opening.
The overlooked the technical Mgnnl j
given in the late trading yesterday. '
That was when tnimuctinn reach a !
momentum of iippreiiiiatid. two mil
lion shares, tin- climii of any major
swing was in-.-ii at hand. Lets of
sismils wer" found in the breaks of,
the Inst hour vi'sti-nlnv te show t he re-I
actienary mmi'mi'iit in force the last i
two weeks imd about run its cetirs.-1
, for the time being. I
, Tin- general list cxiieri'Mied some dltB- I
i cully in holding ground during the early
i dealing-'. The opening disclosed the
, familiar belated selling and cleving nut
.of siH-ciilative accounts in preference of
' meeting mnrglu.it calls. The market,
imwever. was net an hour old before It
I was apparent the absorption capnclty
was net only greatly Impieved. but the i
, demand nhe was steadily outstripping
! the supply, uf course, quite n geed j
j deal of it came from the short interest.
I Hefere the real rally set in both spec
' illative and Investment shares moved In '
a conflicting manner, with the chief I
points of weakness in the Mexlcnn oils
ami some et tli" rned, meter accessory
and independent steel .xhnres. ImpreR
slve strength was shown by Standard
(111. merchandise and textile shnres and
a few specialties. Hallread stocks were
I variable, but mainly higher.
Toward neon the trend of prices be
came mere uniformly upwnrd in re
sponse te a rally In 1'nlted States Steel.
I which advanced .t point nbeve its initial
'quotation. May Department Stores
extended Its gain te 10 points nnd Stan-
' lard lls of New Jersey and California
, te iMj eueh. American Ice, tJenernl
American Tank Car, American Can and
' Associated Dry Goedi also made geed
' gains.
t
j Commodity Markets
GRAIN MARKET
Chicago, Nev, 1. lJainy weather,
v-Iiieh practically dispelled npnrehen-
i Mini of dumage le the winter crop, had
is bean.sti influence en the wheat market
today during the early dealings. The
J fact that primary arrivals were to te
j taling larger than was the case a year
nee tended further te weaken values,
i Sellers, however, were apparently din-
posed te be cautious in view of oompar eompar oempar
, . tlve stteugth !-l.ewii by prices nt I.lv
' ' rpenl ar.d Winnipeg.
1 The opening here, which varied from
ic decline te a like ailVHiice, with
Ilceeniber .SI
I SI. 11! te ,1,
l'-".
E. H. Rollins & Sens
Founded 187(1
Investment Bends
142 1 Chestnut St., Philadelphia
Pheno LectiH TSO0
Beten Xcw Yerk Wilkes.Barre
Baltimore Chicago Ban Francisce
Freo et all Federal Income Taxes
State of Oregon
414 Geld Bends
Due aerially
October 1, 1932, te April 1, 1950
Prices te yield
4.20
Descriptive Cireular en request
te si.ikt, and .May
was followed tiv n
I I model afe setback nil around nnd then
1 si-inetiuiig of ,1 iiilly.
1 Cern and eats were relatively Ann, 1
1 owing te aesence or selling pressure.
I After opening ' te :,si' te 'se lower,
j December ti'iTsc te tide, the corn mar
ket made slight general gninr.
, Oats started ise higher, December
41'sc and later continued te gain.
I Previsions were inclined te sag with
the hog mnrket.
' Pre v. rlesa Orn
ern
i: m
I Ic flfl ', ft (!..', rtfl s
juv flu". i' ir co mi.,
Jul:- (IDs, ii-,, inji
Wheat '
1 Oiil J I.V, 1 134 if 1.13' 1 13vJ
! Mny 1 rj'. t IS Oil.'. 1 IIS
July 1.01 101 fjlOU, 1 113
Oati -
n-!C 414 41S .(j
Jiiiy at' .'C
!li
n iit
StfV SO1. pi)',
COTTON MARKET i
I Neir Yerk, Nev. 1. The cotton
I market had a very unsettled opening '
'today, and first prices were (1 te 27
points lower. The early sellers werel
commission heusuri and th Seuth,
, while demand was somewhat srattered, !
coming from the trade. New Orleans I
1 and Wall Street. Liverpool both '
bought and sold.
1 I.nter the market her w easy, at
' ubeut 10 points under opening levels,
1: M
WPBBBjaiJHxi
C!BSSSSl'"rBCBiz
JMrWBPi
Republic of Columbia
OHi 1S1T
Price 98, te Yield 7
ffriBClval and Intrit pertblt la
V 8, geld coin.
F. P. Ristine & Ce.
WidfRtr Bnildiaf, Philadelpbia
Mew Yerk Ellub'tb. K. 1.
Hemlitrt Ntw Yerk anit FMlaMpMa
Bleck Eichanett
Nnnb-r
I)-cinbr .
.lanu.iry . .
M ireh
May
Juiv , , .
Off-rM.
I'rev. cleu
:.i(ijt2i
sa Biftes
21 wh ei
, 23 U7J0
f)pn
2i lis
24.110
23 lu
233
23 00
23 43
24 M2
S.'I.TS
28
23 13
NEW YORK COFFEE MARKET
New Yerk, Nev. 1. The coffee fu
ttiren market opened Rtei'- und un
changed te ft point lower this morning
under scattered liquidation by Wall
Street and commission neuses.
I-.mbr
1 Mnreh . . .
Miy
July
Hi'pinib-r
Bid.
Prv. rln.
. (I Tic-72
. 0. AS ft .1.1
. 11,3 1 it 3.1
. U 09W1O
. S.T4&73
Op.n
9 70Tt
'' 32
0 0CS08
8 70
DIVIDEND8 DECLARED
St.ndn.rd Oil Company of California quar
terly II. rayhl ItMtnib.r 1.1 te mock of
rcerrt Neembr 20.
tnt.rnatlennl I'utroteuni Company. I,ta
25 rfni.. payable Nev.mUr 20 te ateck of
rwerd Nciemb.r 17.
Inland Hteel fernpany, nuart.rly 2R c.nta
patabln D.ccrntwr 1 te atenk of record No Ne
cmbr 10
sjtamlarit Sanitary Manufa-turln fom fem
pnny. 40 r'r cir.t .lock dividend unt a ur
rent txtni cash, en common. In lulilltinn tn
1 jr rent 'iuartrlr It'milur l vm- r ni
en preirr"'i wn. in.e uui'iareii, an caftbl.
UlPITi
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only Afternoon Repert In FhttmMphlm Quoting Pad UH
12
6 i4
Mate.
300
200
1100
400
100
1500
100
300
200
200
100
100
16190
300
700
100
200
100
!i00
:;oe
:ioe
noe
:oe
1:200
tee
600
200
4 400
400
1100
300
1300
;:oeo
100
iej
100
1100
2100
1300
3830
1900
14JU
700
200
330
7S00
100
1600
200
1003
400
300
?J-1
')
1 0 .
I.Wj ..
:iejj ;
7100 ..
100 1
1030 ..
vae ..
r Z00
300 4Sc
1203 ..
8100 5
90J 8
103 ..
700 ..
tee S
200 ..
100 ..
100 :
330 ..
700 ..
100 .
100 ..
100
1700
1330
330
tee
700
1700
1930
1600
200
100
100
300
333
100
1100
3100
100
3430
200
233
2833
1200
200
2100
100
100
730
1430
200
400
203
100
360J
403
630
2200
3200
100
3933
100
9 50
1000
700
830
200
800
100
500
433
330
3300
203
700
400
200
18 JO
203
430
100
933
1700
2930
030
tee
300
7600
103
200
103
3fl00
1400
100
1B33
1333
1700
1430
630
100
400
100
1100
100
100
500
1200
100
100
400
100
100
200
2030
600
1400
2203
400
1000
200
200
330
100
1200
2200
100
t)lv.
In I 8TOCK Hletl
.. Adams Kxpren..., 7614
4 Air Reduction 60 U
.. Ajax Rubber 13H
. . Alaska .luneAU O M 1 H
.. Alaska Geld Mints. H
Ailed chem aV Dye. 70H
T Allied Ch A Dye pf113H
4 Allls-Cmilmers .... 44 J
.. Am Agrle Chem.... 311
3 Am Bank Nete pf . . 53
. . Am Meet Sugar..,. 38(4
. . Am Uesch Magneto. 35
. . Am Can 71 H
Am Can pf 109H
Am Car & Kdy 181
Am Chicle 6K
Am Cotten Oil 23
Am Drug Syn 5ft
Ant Kxpeeig 147
Am Hide a Leather 1 1 !i
Am Hide A Leuth cf 69 H
Am Ice 109
Am Ice pf 68
Am Internet Cerp,. 30!?
im La France Eng 12
am J.inseed aa ft
- Am Linseed pt 56 !i
6 Am Locomotive .... 1 25
3 Am Metals 46
4 Am Radiator 112
tt Am Safety Ruzer. 7.
.. Am Ship a Cem,... 21 '4
. - Am Stile. t E6
7 Am Smelt pf 102
Am Smelt See A... 100
li Am Snuff 137?.
3 Am Steel Foundries 42 H
.. Am Sugar lief 75 "4
.. Am Sumatra 33
9 Am Tel & Tel 123?;
. . Am Til rtH icash) 4Ji
12 Am Tobacco 1S3U
12 Am Tobacco B 151 M
.. Am Waterworks... 27 i
1 Am Woolen 97 Ji
.. Anaconda Copper.. 48 Vs
.. Art Metal Const 15"4
4 A?se Dry Goods.... 61 V
6 Asse D Goods 1st pf 82 ft
6 Atch Tep A San Ke1C2:
.. Atlnn Hlr & Atlantic 2 J,',
7 Atlantic Coast LlnellS
.. Atlantic Krtiit 1 ?i
.. Atl liuir & W I S S 22 'j
. Atlas Tack Cerp. . . 18
Austin Nichols.... 30 s
1 Baldwin LocnmetlvelSO;.)
.. Baltimore & Ohie.. 49
i Mnitlinere & O pf. .. CI '
. . Barnsdall Class A.. 31
. . Barnsdall class B..
UateplliiH Mln.
Beeluiut Kicking. . .
iieth Sticl pf new.
Beth Steel B
Brooklyn Kdlsen..
21 h
A
39 ft
. "7
, 70
. 1 t7Vi
Bklyn Rapid Transit 16 '-4
Hklyn It T ctfs 14
Bklyn Union Gas... 117ft
Brit Km Steel 11 ft
Brit Km Steel 2d pf 30 ft
7
31
18ft
9'
82 ft
5H
8
Burns Bres B. .
.. Butte Cep & 7,tne...
.. Butt-3 & Sup Cep...
. Butterlck Ce
.. Cadde Cen O ft H. .
l California Packing.
.. California Petrel...
.. Cal Zinc and Lead.
10 Canadian Pacific. .. 12
. . Case J I Plew 4
.. Central Leather.... 37ft
.. Cerre-dc-Pasco .... 26'
6 Chandler Meters... 60 !i
4 Chesapeake & Ohie. 72 H
Chesapeake & Oh pflOSft
inicage & Alten. ... .',
Chicago & Alten pf. 4jj
cm & k in
Chicago & Or West.
Cbl & Gr West Pf.
Chi Mil & St P
Chi M & St P pf . . .
Chi & Northwestern 87 !i
Chi K I Pac 39H
Chi R I ft Pc pf 89
Chi II I ft PC 7 7e Pf S6
36
5H
123;
26 1 4
43 ft
Chile Copper
Chlne Copper....
Cluett-Peabody . .
Coca-Cela
Cel Fuel & Iren.
Cel ft southern. .
3ft
25
64
76 ft
28 a
45
6 Celum Gas ft Elee. 1C6
. Celum Graphaphene 3ft
4 com Selent A 494
C Cempui Tab Rec... 8 ft
. Consel Cigar 36 S
. Cen Cigar pf 81 ft
5 Consolidated Gas... 135ft
, . Consel Textiles.... 10?4
Continental Can.... E3ft
Cern Products Ref.127J
Cosden A Ce 47
Crpx Carpets 30
CruclMe St. el 77
Crucible Ste.jl pf... 93 fi
Cuban Am Sugar... il '4
Cuba Cane Sugar. . . 12ft
Cuba Cane Sugar pf 35 ft
JmvUen Chemical . . 33 ft
Delaware ft Hudsen128ft
Del Lack ft West... 133
Detroit Kdlsen 109
I.Mmii Mines 44
Du Pent (K. I.) Ce. 148
Kaatman Kodak new 84ft
Hlec Storage Bat... 5414
Endlcott-Jehnton . . C4
Krle 14ft
Krie 1st pf 20Ta
Fairbanks 14ft
Famous P.ayera L. . 94 ft
Fed Mln ft Smelt pf 53 ;
I ft
u risner neuy '"
. Flsk Rubber 12ft
. Freeport Texas.... 22ft
3 Gen Am Tank 70
. General Asphalt.... 6),
G General Clg.ir 77ft
8 Gn Klectrlc 176
. Qenl Elee special pf. 10 a;
. General Meters.... nft
6 Gen Meters deb 6 82ft
. GImbel Bres 391,
1 Ulmbel Bres pf 95
. Goldwyn Pictures.. 6ft
. Goedrich B F 32
. Grenby Mining.... 25
7 Great Northern pf . . 90 K
4 Ult North Or ctfs. 34ft
. Gulf States Steel... CO
. Habtmhaw Klcctrlc. 2ft
. Hrndce Mfg 1
. Housten Oil 89ft
2 Hudsen Moter Cur. 20
1 Hupp Moter Car... 20ft
. Hydraulic Steel.... 5
7 Illinois central 111
. Indlahema Ref 4
. Indian Refining.... 6H
Inspiration Cen Cep 33 H
Inter Agrle of 33 ft
Internat Cement.. 31ft
Inter Cen Cerp.... ft
Inter Cen Cerp pf.. 1
Inter com Kng 24 f
Inter Marine lift
Int Mer Marine pf.. 52
Inter Nickel 14 ft
International Paper 56 ft
Invlnolble Oil Cerp. 15ft
Iren Products 42
Inland Oil 1 ft
Kan city Southern. 20ft
Kansas ft Gulf 1 2ft
Kayser ft Ce new.. 43ft
Kayser ft Ce new pf102ft
Kelly-Sprtngfleld .. 40ft
ICennerett Ceppsr. . 32
Keystone T ft R.... 6ft
IOW
75
60 ft
13
!8
73 ft
113ft
43 H
31ft
54 ft
38 ft
35
69 ft
109ft
179ft
6ft
23
5ft
146ft
lift
69 ft
106ft
87 ft
29 ft
12
34 ft
56
123ft
46
11114
7ft
20 ft
55 ft
102
100
137H
4114
73 ft
32
122ft
3ft
152
1S0K
27 ft
96 ft
46 ft
15ft
60
82 ft
102ft
2
117'i
1'r.
22 ft
LIB
30
128ft
8's
61 ft
20ft
21
3 14
S6ft
68 ft
116ft
16ft
14
11714
lift
iOft
47 ft
7
30 ft
18 ft
9ft
82 ft
t0 ft
7?i
142ft
4
37 ft
35 ft
59 ft
72ft
103ft
2ft
4ft
36
5ft
124
27 ft
4314
86ft
38
88 ft
P6
23 ft
24 34
64
75 ft
28 ft
46
105ft
3
49
67 ft
36ft
81ft
134
10ft
91ft
125ft
46 4
30 ft
75 ft
03 ft
21
12ft
35 ft
33
128ft
132 ft
109
43ft
148
84 ft
53 ft
83 ft
14
20 ft
14
93 ft
53 ft
141
12ft
21ft
68
lb
77 ft
176
10ft
13M
02 ft
39ft
fSft
li
31
25
?9 ft
:-3ft
18 ft
2
18ft
79 ft
20
20 ft
4ft
111ft
4
6ft
33 ft
33ft
21ft
ft
I
24
lift
51
14 ft
55 ft
15ft
42
ft
20ft
2ft
43 ft
102ft
39 ft
31ft
6ft
10
r. m.
76 ft-
60 ft
13 -
1H
H .
76H
113M-
434-
31ft
55
38ft
35
71H
109H
181
6H
23 5ft-146ft-
1 1 ft
69 ft-
109 -!
87 ft -30
12
35 ft
56
123ft-
46 -
112 -
7K !
21 ft
56 -
102 -
100
1374
41ft 73 ft-
12 -123ft
4ft
152ft
UOft -27
ft f
96 ft
48 ft
82 ft-
102ft
2 -
118
114
:)0ft-
128ft -40K4
61 ft -30ft-
Nat . Dlv.
Chs. Bale In I STOCK Ittstl
ft 1900 ., Keystone rte ft
800 7 Kresge S 9 173
ft I 2000 .., Lackawanna Steel.. E0 ft
, 100 .1 Lake Krle A West.. 30ft
1ft I 700 S ft Lime Locomotive... 59
. l 100 .. Leewe lne 19
1ft' 400' 1 Ieft Candy t2ft
fti 303 ., Meek Truck 54
ft 100 4 Mackay Ce Pf 684
1 I 600 .. Malllnsen Ce 31ft
ft, 100 .. Manatt Surer 40
2ft! 1200 2 Manhat Shirt 57ft
Ji 200 .. Market St Rwy.... 6
1 ft 900 6 Mar St Rwy pr pf . . 68
ft; 8500 4 Marland Oil 31 ft
SU me s Martin Parry 28ft
100 .. Math Alkali 48ft
100 .. Mux Meters Clase A 48 ft
200 .. Max Meters Class B 14ft
11600 8 May Dcpt Stores... 153
400 1 Mclntyre Mining... 18
16500 12 Mexican Petroleum. 222 ft
1100 0 Mes Seaboard 16ft
500 6 Mex Seaboard Oil et
it 1
51
14
3
1ft
3100 1.20 Middle States Cerp
ft
ft '
ft
ft
ft
ft
1!i
1
1ft
I ft
H6ft
69 ft
116ft
-
117ft-
1 1 ft -r
30 ft-
47 ft-
7 4-
30 ft-
18ft
9ft "r
82ft -
504-
7'i
142-:4-4
37ft
36',4-f
59ft -i
72ft-
103ft -2ft-4ft
36
5ft
4-Q7ft-39
ft 4.
89 -96
-23
ft 4
25 64
75 ft
28 ft -46
-
IC6 4.
3 4
49 -68ft
r
134ft -f.
4-
126 4-
46 ft
1
ft I
1ft'
Iftl
2ft
74
ft
ft
"a
l-
ft
ft
ft
?4
'4
'J
I-
i-is ft
'a
ft
ft
ft
ft
ft
'ft
ft
tti
ii
ft
ft 1
ft
ft
ft '
?4
!'
ft I
ft
.IS I
Si
1 ft ,
ft I
1ft
!4 1
2800
100
100
1800
100
1200
1200
2300
100
25
2000
100
1500
400
330
100
500
4900
100
100
100
1300
1700
1500
1800
100
100
300
330
200
100
839
2G00
100
15833
25700
63400
3200
900
930
1300
200
200
1503
4030
1600
1400
400
1200
300
300
400
100
5100
400
200
2503
200
2030
700
6273
100
100
1230
333
1700
no
85)3
ft
6
8
6
C
2ft
e a
7
5
5
16 ft
IZft
v30ft
7ft
65
16
41 ft
18 ft
E3ft
?0ft
14
78 ft
lft
8
Mldvnle Steel.
Mln ft St Leuis...
M St P A S St M. .
Me Kan ft Tex twl)
Me K ft T (wl) pf.
Missouri Pacific...
Me Pae pf
Montgomery Ward.
Moen Moter Cer. . .
Merris ft H.-'aex. . . .
Mether inle Mining 10
Nat Cleak ft Suit pf 99
Nat Kn ft Stamp. .. 65
Nat R R of M 2d pf 3ft
Nev Cen Cepive'r.... 134
N O Tex ft Mex... 78
N T Air Brake A. . 49ft
N Y Central 97ft
N Y C ft St Leuis.. 85
N Y C ft St L 2d pf 88
New Yerk Deck.... 29ft
New Yerk N H ft H 29 ft
Norfolk ft Western. 118ft
North American.... 94
North Pacific 83 ft
Ohie Bedy & Blewer? 6
Okln Pred ft Ref... 2 ft
Orphcum Circuit... 22
Otis Hlevnter 145ft
Otis Steel 9ft
Ortftis Bet Mach.. 38(4
Pnclflc Ilcvel Cerp. ?ft
Pae Ga g, Elee. ... 7S?
Pnclflc Tel ft Tel.... 67
Pnclflc Oil 46
Pan Amer Petrel. ... 89
Pan Amer U 86i
Pennsylvania RR. .. 40ft
Penn Seaboard Steel 3ft
Tceples Gas Chicago 91 ft
Pere Marquette.... 34
Pere Mirq pf 68ft
Philadelphia Ce.... 40ft
Phillips Pet 45 ft
Plerce-Arrnw Moter 1 1 (4
Tlorce-Arrew Met pf 27
Plfrce Oil 54
Pierce Oil pf 45
TlRgly Wlggly Stere 41 ft
Pitts ft W Va.... 36ft
Pend Creek Ceal... 19
Pestum Cereal 112
Pestum Cereal pf..111
Producers ft Ref... 42
C Pub St Cor of N J. 94ft
8 Puh Ser of N J pf. 105ft
8 Pullman Ce 127ft
. Punta Alegre Sugar 42 ft
2 Pure Oil 29
. Ray Cen Copper... 13ft
4 Rending 81ft
2 Reading 1st pf 52
2 Reading 2d pf 52ft
. Remington Typew.. ?9ft
. Replegk- Steel 27
. Repub Iren A Steel. 49
Rep iron ft Steel pf 83i4
3
2633 4.13
100
30O
203
400
100
400
330
203
100
300
100
100
6100
300
4100
2100
1300
1000
3503
30ft- 'l ft 'E4500
76 4-
f3ft4
21ft -12ft-S5ft--33
ft 4.
128ft-
133 4-
109
44
148 4-
04 ft
12 'i -83
ft ,
1414 4
20ft 4.
14
03ft ,
53 ft-
142ft
12ft 4-?2ft4-70
4.
I6ft
77 ft ,
176 -'.
10ft -13ft
4-B2IJ4-39ft
4-
05 ft 4
6 -
31 -5
-90(4
4
33 ft
69 -2
in
20(4
4ft
111M
4
6ft
33ft 4.
33(4 4-
31ft-
ft
1 -
24 ft 4-
Hft -51
ft 4
14J4 56 ft -15ft-
42 -
!4
20 ft
2ft
43 ft
102ft-
40ft 4.
32 i
6ft
'a
ft
ft
14
ft
H
ft
ft
H
ft
2ft
ft
ft
2ft
1
ft
ft
!4
ft
11.
ft
ft
ft
14
ft
'li
- ft
ft
ft
114 1
,.H
ft
ft
!
ft
ft
ft
14
200
100
603
100
333
27433
1030
700
2'JO
200
400
203
5103
7900
700
700
100
1330
1603
2100
400
2503
100
100
500
3400
1500
103
100
100
3403
400
100
00
6900
20!.'0
1100
100
103
100
25400
200
1C0
5200
100
200
1203
200
100
200
200
100
200
100
300
100
103
10 'JO
203
500
. 100
100
300
330
303
300
Reynolds Teb B.
Royal Dutch N Y. .
St Jeepb Lead . . . .
St Louts San Fran.
St Leuis Southwest.
St I. Southwest pf .
Savage Arms
Saxen Moter
Seaboard Air Line.
Sears-Roebuck . . .
Sears-Roebuck pf . .
Seneca Copper 8
Shattuck Arli Cerp. 7
Shell Union OH pf . .
Sinclair Consel
Sinclair Cen pf....
Skelly Oil..'
Southern Pacific...
Southern Rail
Splcer Mfg
Standard Oil of Cal118'i
Standard Oil of N JJ08
Stand Oil of N J pf117
Steel Tube pf 80
Sterling Products. .. 55ft
Stew ai t War Speed . . 51 (4
Stromberg Carb.... b1
Studebaker 125
56 ft
54U
18ft
25 (4
32 ft
. 54
. 20
. 3ft
. 10
, 82 ft
.111
93
32ft
99
9ft
92 ft
24 ft
19(4
Sub Be-it Cerp 7
.. Superior Oil 4ft
.. Superior Steel 31
.. Sweets Ce of Amer 2ft
.. Temt corn ft P "A" ft
. . Tenn Cep A Chem . . 9
3 Texns Ce 47ft
4 Texas Gulf Sulphur. . 64 ft
.. Texan ft Pacific... 26
1 Tex ft Pac C ft O. . 22ft
.. Tidewater Oil 130
3 Tlmken Rell Br. . . v 31 ft
.. Tohacce Products.. 53ft
7 Tobacco Pred A.... tOft
7 Tobacco Pred pf...!07
.. Transcontinental Oil 14ft
10 Underwood Typnw.,140
7 Underwood Typw pf 1 14
.. Union OH 16!S
10 Union Paclfle 144(4
.. United Drug 78
8 United Fruit 150
.. United Rwy Ines.. 1 1 ft
.. Unit Rwy Invest pf. i5'4
.. Unlttd Retail Stores 81ft
3ft
6
7
2
U 3 C 1 PA Fdy.
U K r I P ft Fdy p:
1 S Feed Product-.,
U S Ind Alcohol.
U S Rerlty ft Imp..
U S Rubber
U S Rubber 1st pf.
II 8 Smelt ft Ref. .
U S Smelt R ft M pi
U S Stel
U S Steel pf
Utah Cupiitr. . . .
Vanadium Cerp....
Vaf'ar Chemical...
Vlvadeu Inc
Wabash
Wabash pf A
We'.ls Farge Exp. . .
Western Maryland.
W Mar) land 2d pr.
Western Pacific pf.
Western Union Tel, 11 0ft
westlnghouse A Br 96
Westing K ft M.... E9ft
Wheeling I,K..,. 10
Wheeling ft L K pf. 16
White Eagle Oil....
White Moter
White Oil Cerp....
Wlcklre Spene Stl..
Willys Overland....
Willys overland pf.
Wilsen A Ce
Wisconsin Central..
Werth Pump AM..
27 ft
69 ft
5tt
68 ft
87(4
52
96
38 ft
45 ft
.105ft
.121
. 62
. 39
. 25
. 13ft
. 10ft
. 28 ft
. 50 ft
13
24 ft
3 v
30 ft
47 ft
5ft
9ft
5ft
39
39
28 ft
33
E-dlvldnd.
Lew
. ''
172ft
79 ft
30 ft
66 ft
58 ft
19
12ft
534
68 M
31ft
40
55 ft
6
65 ft
30 ft
28 ft
43;
48 ft
14ft
146
18
218
16 ft
16ft
12
30f
7ft
65
15ft
41 '2
18 ft
52 ft
20 ft
14 V
78!4
9ft
99
C4
314
13ft
78
49
97 ft
65
88
29 ft
28 ft
117ft
93 M
62ft
a
2ft
21 '4
145 ft
9ft
38 ft
2
75(4
67
45
85 ?
83 ft
47 ft
3(4
91
33(4
68
40 ft
45
10ft
25(4
5 ft
45
41ft
36 ft
18ft
111ft
111
414
94
105(4
125
42 ft
28(4
13
79 ft
52
52(4
28 ft
26 ft
48(4
83(4
53(4
53 ft
18ft
25 ft
32(4
534
20
314
9".
82ft
111
8
7
93
31 ft
99
9ft
92ft
23 ft
19
11614
205
117
80
50ft
51 (
50 ft
123ft
6ft
4ft
31
214
ft
9
47 ft
62 ft
25 ft
22
130
3114
51ft
78 ft
106ft
14
140
114
16 ft
143
75(4
150
lift
15(4
78ft
27 ft
69 ft
5ft
66 ft
86
51ft
90
38 ft
45 ft
104ft
121
62
37
25
13ft
10
?B?i
90 i
13ft
24 ft
57 ft
110
96
55ft
10
18
30
47 ft
5)4
9ft
5ft
38ft
39
20 ft
32 ft
1K10
V. M.
172J4
80 -32ft-67I4
3
19 4-12H4-5314-684-
a-
S7K4
6 6 -30ft-28H4-484
4-
48 ft
Mft 4-
152ft 4
18 218 -16H-16ft
4
12 -30
ft-
7H4
63 13ft-41ft-18
ft
53
20ft 4
144 4
78 ft
10
99 -t-65
ft 4-
3ft
4-
49 -974
4
83 88 -29ft
4
29 4
118ft 4-93ft-
83 4
6
2ft
21 54 -145(4
4-
9ft
23 ft-
2ft-t-76
-
67
43ft 4
87 -
84 ft-
48 ft
3ft
91 -
33 ft
68 -40ft-45
-11
-254-
54 4-
45 -
41ft-
36 ft
18ft4-
112 4-
111 4
42 4 !
94 ft 4-
105ft 4-
126 4-
42i-
28ft-
13
81 ft 4
52 -52
ft ,
29 ft 4
27 49 4
83 ft 4
55 ft-
34 -18ft
,
54
20 -3ft
4-
10 4-82ft-111
Nat
Chge.
4
ft
I
'
ft
Y
ft
1.4
ft
1ft
ft
w
e
ft
9ft
ft
24
"ft
ft
ft
M
ft
ft
1
1
ft
14
24
1ft
i
ft
ft
ft
24
ft
ft
ft
'ft
4
IB
.1!
1ft
ft
ift
ift
ft
8
7
93
32
99
9ft
92 ft 4
24
19(4 4.
118ft 1-
2064 4
117 4-
00 -
55(4-
51ft
51 4
123ft-
7 4-
4ft f
31
2ft-
ft
9
47 54
63ft 4
25 ft J
22 ft 4
130 -
31 ft 4.
51 54 -78ft-
106ft
14(4 4-
140 -
114 -16ft
4-
144 -75
ft-
150
ft
ft 4.
67 ft 4
86 ft
t
3814 4-454-
104ft-
121 -62
4
37 -20
-13ft-10
20ft
DOft-
13ft 4.
24 ft J-
57 ft
110 -
96
59 ft 4.
10
18 -
30 -
47 ft
314 4-"M4-5ft
4-
39
39 -
28ft 4-
32 ft-
- ft
- " ft
ft
r ft
ft
i
214
1?4
54
1(4
ft
'ft
ft
ft
1;
1
ft
(4
14
ft
2
1!4
U4
ft
1
!4
ft
2-4
'ft
Ift
ft
1
ift
e
54
1ft
ft
1ft
ft
1
ft
2
ft
ft
ft
ft
LOCAL TRADING
LIVESTOCK QUOTATIONS
b Continuous Businest
flilcnse, Nev. 1. HOtlSlUceipt, 10.
OHO n(i't. .Market, ntcady te trenr. bulk
1,10 tn 201) pound averaae. S.3UWs 4U. reed
nnd ehelri- .'in and 210 pound miteliara.
is 4nfrh.4.. tup. b.fil: bulk OHrklnit .own,
I 7'U 7. Ml; dlrnlile plgk. Is .10 hi-ij HfUIU.
s?TS.tO, medium welnlit, s.30''s 4.1! imht
, elht. S2.V(SIU, Unlit 'lyllttH, JS2.1W
1 s 40! packing kiihh, nmeii.ii 1" 30vi 7,6.1,
p.icklni: .y. reuKli, Itl.b31f7.lv, klllliw
pins, ia.3r.4is .in
:i.n.- viihu lniiMt mi .uli vii. .1 1 A l i.r. lii'i uijii". . t t.vri iii-au .nunii'i
rll iilltn moie-v ea call, neth r Rpe' inu undirtun., t'k te 100 low r en ihuri.
of epilateri.1 owned today at S per cat feri tl'FiJIIVu.e? Ai wl. 1.?.. iV.-ie 'Viv
I early sale"! short fed atmut nt".tdy: aily
I ...........I ...u.. t I 'I ......I. . I.I V. I.. ,....
a .. .1 . OJM lie.1111-. l-lv.n, (it,-wllin II1,( ll,.l.-
mill veai eaiv- Inner. I90.ri0i I
r,ldfr iarllna.! r natlvn .t..r. la
' ". ,5 '' ennners I2.2.112.H0.
Neeinber IS te stock et record Ne
t.bei 1
MONEY-LENDING RATES
lendlnir and renewing
'"ht veal ealv- tuner. IOSJO.BOi 11140
con,.
iiiuJi ..-....-I-. .....I , H.nv.
llUlin Itf.r,.r.l 111 .111. h.-il n,.n...l
elim, enrlv ml,i unevenh Be te 10c lower,
Pi"i"ii-;1'.c,,,."i: ''' I'm 25: one loel
bidding Js.10. bulk. e..iU n.l..a,, 1(10 te 2J5
pound avtriia-es Is m'ls 2.1 ula. IS.2.-ii
i!ii.tSrMin'w.' '''", lox"n Lulk l'"rly
i.,1V!;1V'. ""-"IP's. 2(K.O head: 2.1n loer mi
Mines- f nt iwu ate.id.vi ion laniba te butfli.
''"?' L3, .!.'.. '1?rk"r,i- 11.1 Wi bulk, early
f.i lea. IJ.2.Hfii:i ijii. emu. SS..1IK.HI! bulk,,
I.Klit fut ewaa S01il .10: l.eavlen. I li l.&v
U. 8. Certificates and Treasury Notes
Ir.r.
Hat
Ift
t.'i
t-3;
f'.l'V
1-1'
IMS
tli
t'I'.I
time.
I'lllLAIlEU'III. Call. 3 t cent
4'. te .1 IT cent, (emmarelni rnpt-r, thre
te au menin. 14 e per cent
SOlfa
MOVER 4& CO.
aeaMM mem eaaaaaer
tSBneKMi
JV
mmr ff1 cwtlw,t
vm&
r
iiV,i.i,.,
Ne Chanae In Raw 8uaar
Xew Yerfc, Nev. l.Thn raw uaar trar-
1 ket wna qulat and unchaniced. with Cubna
for November .Moment riunied at 84 te
3'4 cents, ceit and freight. Tbera were
no sales reported .yaatyrday, ArrlvaU of
raws yaattrday Included 11,300 baa. I'orte
Klres and D30 baa. Cuba, te the National
Biuyar Raflnlne Company, 1J.O00 baa. Cubaa
la Arbuckie Brethara and 700 bees Cubai con cen
elaned te the trade. The local retlnad mar.
kat la airly aetlya an ttnehaneed at prlua
rangine from S.40 u 1 eeeta. Use S par
caul
V
Ktecre of
! nuallij
l.7fi, I t
tM.riiiii 10
ttnuK anil aim Kers anil
mil run
Ilnx weak
bulk llnthe 1.'
illltim tu neil at
fu Inuur en t.ll
fnedem: bull" and veal ralvcn aUmt l.idy
bulk deilralf veal calve, te pec-kere. early,
llfiir..KO: bulk bolernn. bulla. SH.T.lTf I
HllKKi'ltei.tlLita. 23.0011 head. (Juenlna 1 Lewer.
vary .levri few early eale. natlva lamba, C'ALyKS Recept, 100
top. flii.
.., ?,'."S,,urr:h' V"v- ' MOOS Iteeeliila,
.liniii hm, I-evvir lleuvlF, SS.tni'iHi.
uSVln U "' urkera and plsa. I'j.lu
HlllilTP AND LAMII3 Ilerelpta. 500 head
Hheei.. 18,23. (ail,i i,mba, 113.73.
Maturing
. iMte Hid
Due,, 1022. ,, , (III at-32
l).r 1T22 ...inn
Mar., 1H23,.,, inn
June, 1H2.I... , UliS
Hep.. l(i:a , iseil
June, !n:'4, .till';
-st'-Pt.. 1024,,, 101 ',
.Mar , liu.i .ii.e
Hee . in.'!.... iiij
Mar., !'2il, ...inn 11 m
Man lOM.t ,.u. '
t .. .-'ft. -... . . F1-.
l.xenipt rrein l-'edrral iiuunal Incem., liV
r.ii'i't iiiui i r. .. ...r. ... . . . . -
---.--,-- .. i.,ii h-iii uj ll,C'enia
ilu-i en date of maturity. '"luie
AHked
loe
1110 l-in
l"'i a-s:
inn
inn
IH2I,
Hi 2
0H,
llll',
lnu
n,.if
IF.
Tleld
n no
:i s.i
a tin
a. 7r.
:i.7r.
I.K'l
4..T.,
i ,
I. 12
4.4U
4.43
In
teaedy te 23s lower; early top. I14 te city
butrhera. 118,73 te packer.; We.tern. me.tly
faederai no early .ales; feeder demand geed I
fed elUiped lamb -vir.ulng ebeul Ov
pound!, 112.30; ahaen around Heady,
VaM M. IjtnXm. III.. Nev.
Receipts. S0OO head. Natlvt ateers am
icattl;
itaara and I
ig. ai.aay v.i.rn nrara atai
lewari .cows and bologna bulla
yearling, at.ady. '..terii rteera .t.ady U
llfU
y
head.
Steady.
Baat Dnirele. N. V.. Ney. 1. CATTLE
Reeelpts. 700 head. Htemlv te xa.ler. Calves,
rt-i-riLfie, .w'i iiren' ei tower, mawis
J DO
HtXJH Itecplpta. 800 headi
iieavy. rnii.u yqrkera. light yerk.ra ai
.ui rvusea. T,za7.DVi
anode lewari raws .and bologna bulla weakiJ ) rill
earmars about gwadyUJ ttecitr stftre tewMliaed.
BlVi
.a iun
weakblJ. rlimKP AND LAMBS
I"
Lit
r.t!
lew,
P
Ste feweri lambs,
higher,
ra and
stags. 16
wtjfa m
RAILROAD EARNINGS
Hepteinlier greia . , .
.Si-t nper. Intema ,
Nina month.' gre.a,
Net ever. Income...
Uucrea.e.
1922
3,J24,74t
R.ill.D.lli
23,h20,liil5
4,0'J4.U34
Increa.e
1211.7.1.
31,72ii
17. Hsu
2,383, aej
Londen Metal Market
Y.aanJa.a laa 4 (J. ..
i.Vr-rr'.le.'.'-'V.ia' ,T'""5f ' e.Pr,
522 T.r.7. ;.'
la Sdl full
1201 iuiui
futureii V
raa, 10;
lure.
uraaJ
spot,
spot.
ifi.,...T.-ni
WAS FEATURELESS
Rumor-Menger Busily Engaged
Consolidating U. 0. I. and
Phila. Electrio Companies
Trndlng In the lecnl steckn lnckwl any
fenttirf of Interest, but tin- innrkpt us
n whole showed n much better tone.
l'rlce vnrinlleim were itnrrmv, with
iilnmt mi iMual division nf rrnctlennl
declines and gains. Where wider viirln viirln
liens m'eurred it was in these Htucks
having the mere nctlve market en the
big beard.
With the 75-cent riiiftrterly dividend
off, Pennsylrnnln brought 4H't nnd
there wns found n considerable volume
of underlying or placed buying orders
nt flint nrlee. ('minting the dividend
only left n decline of M from lust lilght'n
closing level.
Apart from Pennsylvania Hnllrend
Ihc deiillngK were en n very smnll
scale, indlrnting tin nppnrent Indecision
of the rank nnd file vvlmt position te
assume until tin' course tiflie bigger
market was inure clearly shnped. Tlii'iv
was n Utile wider inquiry for the V. 11.
1. isMies, Ixitli making frnctlennl gnin.
I'lillndelpliln Kleetric issues were ulse
iiellnceably firmer. This wns partlv
nttrlbulnble te n rnthcr nensenslcnl
report of negotinliens being under wny
for nn ntnnlgnmntlen of these two im
portant utility concerns.
Interests supposed te be in close
touch with the mnnagement of both
companies stated emphatically there
was net the slightest truth in these
garbled rumors. Net cvfii-ei suggestion
of such n consolidation, (hey said, hud
been hinted. They pointed nut Hint
the 1. n. I. mnungenieiit, for Instance,
would net be in humor or In posl pesl posl
Hen te countenance such it deal until
after the local gas lease problem had
found satisfactory solution.
Other interests closely allied with the
Philadelphia Kleelrie Company stilted In
I heir opinion there was only u remote
possibility of the two local utilities
companies ever getting together en nn
amalgamation basis while certain pow
erful Interest in that company had nny
voice In the operations or lnunageineiit.
Vl'f
y
r.
Philadelphia Stocks
Jllirh 7,w
200 Ele5 Ster. ."i4 M
400 Lake Sup. 0 0
"0 T,eh Nav 74$ 74
OEIsenl'hr
cash ... 7fi,j
mn'pcniiii im 4-stJ
eOPenniiSnlt 82 Uj S2s
10 I'hila Hi
cum pf.. 41-11 41";
11T I'lilln Klee 3 Hi 81 Vi
lfl de pref.. .11'Vs n
200Phlln It T31i .'.H-'
'S, Phlln Trne 00 Art
n Phlln & W 33 1 33i
IS.". T'nleiiTrnc 40"ik 40U
130 U OI..i. TiO-li ,-,0
B53 de pref . . Tm ft."
ai W.Ter&8. 3.1-14 3fi-i;
200 Yerk Hwy 31 31
Ex dividend -Pennn. n. It .
Net
1 P. 31. chga.
54 1
0 ..
cMi-l- Vi
7ri.i 7n4 V,
4Sli 4Sii V,
'li. S2K.4- it.
hr.
rm-
!
mn
i-!-m
H' h wri, aai .
ug.-sLz.rJ
Mfll
azk
186th
DIVIDEND
Frem the earnings of the past
nix months, the Directors have
declared a dividend of Ten
Dollars per share, payable Ne.
vember 7th te stockholders of
record November 6th, free of
State tax.
Future dividends will b paid
quarterly: February, May,
August and November.
Capital $1,000,000
Surplus 2,500,000
Undivided Profits ... 330,000
Reserves 200,000
Resources 20,500,000
PENN
NATIONAL BANK
"Always Commercial"
Market at Seventh
Ar
31 U
MS.
'."4
SUK Hi
tin ..
33..
40 Vs..
netf i',
31
iS cents.
if.
miianEM-iiiA nevrm
1000 Liberty 3d 4iis '28
"HMI0 Liberty 3d 4fts '28
1000 IHeetric & Pee Tr 4s i-lfs
2O00 Metropolitan Kdlsen (Is..
100 Phlln Kleelrie Bs
300(1 Phlln Klectrie riK....leta
4000 Phlln Klectrie "is
lOOOPhllu Klectrie fi'.is
."00 Phlln Klectrie (is
2000 Phlln Klectrie fls lets
08.72
H8.7S
!(,.
100
100
Wi-Fi
0!l.
lOOiJ
104 Vi
103 Va
FOREIGN EXCHANGE
Vnr Yerk. Nev. 1. At tb nnentni?
of the mnrl.et for foreign exchange te
day, lire showed Increasing strength,
with n gnin of 414 points ever yester
day's final. Sterling was up ',&, francs
were down ',4, Swiss gained 3, pesetas
1, Nerwnj S nnd Snedlh 15. Belgians,
lir.nlsli nud eiiilflpi-H rrr iini-1innpr.il.
Mnrki showed n less of 14. Quotatiens:
Sterling cables 4.4,"3',, demand 4. 4." ;
franc cables 7.0.V.4, checks 7.04-1, ;
Helgl.in cables 0,50, checks 11.55''. ;
lire cables 4.20' j, checks 4.20; Swiss
tables 18.08. checks lS.d.V nnsi-m
cables 15.28. checks 15.20; Danish
cables 20.15, checks 20.10; Nerwav
eables 18.23. cheeks 1S.20; Swedish
cable 20.85, checks 20,80; guilder
cables 80.08, checks 39.03; marks
.02' '.
The discount en New Yerk funds in
Montreal today Is nominal nt ft per
eent. The premium en Canadian funds
in New Yerk was n slight shad" carter
nt hi per cent.
TKBTERDAT'S CT3SINC1 QUOTATIONS
r . Bl'll'! r.nc" L,r Guilder,
ri'mand .... 4.43H n.tm 4. it rn 00
Cnblea 4.4r,H 7.00 4 11H tb'.QQ
TODAT'8 ITKNINO QUOTATIONS
Sterlln; Trajven 1.1 rn Oullder.
' b.e 1'1? ' 7,fl" --"i 3H.0S
LOCAL MINING STOCKS
TONOPAII STOCKS
We Take Pleasure In Announcing that
MR. HORACE E. BEAVER
Has Become Associated With Us
in Charge of Our
MUNICIPAL BOND DEPARTMENT
JANNEY & CO.
133-135 SOUTH FOURTH STREET
PHILADELPHIA
November I, 1922
1 ash Het
.Ten Hmle
Mni-Viiniai e
1'lr.Fi-er.t
Milium
T m.nh IFTlMnelftF! .
Mi iitniin
-Nm-tli Mar
Itr-rn PiiIa ......
Tnnepah Extension
IV eat VnA
lVett Tonopah
nn
. I"
. 01
. ."
. .n;
. .10
,. .Of.
. .nil
. .Pr,
. .ir.
.iMi.
. .011.
.02
Allied nivldn
Aim Divlva
HfUher
Helrht- TTTtenelnn
Iireuitb hlvlda
inviie nxmn.len ...
IiHt-t fon.elldntad
Dividend
Knet tilvlde
Hnrmlll
Knox
Silver King
Siithetland
Tonopah Divide ....
J innpth Ha.hreuck
Victory Hlvlda ,..,
Vrrde Ijvld
etia
DIVIDE fiTUCKS
,e,rii
.01
.ni
.0.1
.04
.14
.(I"
.01
,0ll
.0.1
.1.1
.ni
.71
.02
.01
.0."
.10
GOI.DPICI.D STOCKft
IMe'b 02
1 ted rrae
I'rnr'Kerlark
Iilfiinend II II
Plnrence
llliMrieM f nn.nlOlr,,
(iiild Development ,,,
iieinnem ix-i-p
llient llend
.lumlm Pxten.leu . . . .
Ivi ivanaa
I.ene mar
fini
Hid Utile
Hllv er I'lck
tl'i'iu lif (id
MISrr.U.ANKOPH
Amnare .
A-lmna 1'nlted
1 nlf il'mla
.11
.0:1
,11111.
.11
.IM
.01
.07
.HI
.Oil
.02
.07
.1)1
,Ci:i
.lis
07
C.indelurla .
I.'mnn .silver
liiiiiiiu
IliiieU 1
1-urelta
l(.-cl
Marsh
.VIlUllHI
Nrvnda
Ni-viida
Still' I'.IIB
T'l-ere Mining
v'olrane ,
v Mln i,'api( ,
Wllbert ,. ..
I'ruefcue
lleMv
t ode .
IIIIIh ..
Wonder
,1111
,'nl
.33
."I
.111
,2s
.till T
.07',
.in
.12
.III
12
,4'l
1.1
.111
1 .1.1
.01
ft
sl;
.12
.Oil
nn
.rn
.12
.nil
fi'i
.ns
.17
.01 J
.113
ni
03
.IM
.lid
.01
.111
.03
.03
.02
.07
.Oil
.211
.02
7ll
.'14
.02
.0.1
.13
.01
.02
01
.01
,13
113
.nil
.nn
.02
.07
.111
.OH
.02
111
.10
fill
.0(1
12
iu
.3,1
112
.011
30
HI
ns
.12
II
02
Is
,'I'J
.20
31
II
,1X1
NEW ORLEANS PUBLIC SERVICE INC.
1st & Refunding Mtge. 5 Bends
Dated Oct. 1, 1922
Due Oct. t, 1952
COMPANY PATS INTEBKST WITHOUT DEDUCTION TOR
FBESENT FEUKUAL NOtlMAL INCOME TAX UP TO S
PENNSYLVANIA POVU-MILX, TAX BEKUNDED
The Company serves New Orleane with gas, electric light and
power, and also owns and operates the street railway system of
223 miles.
Fer the six-year period ended August 31, 1922, average net
earnings reported ever 2 times interest requirements.
Price 90 & Int., Yielding about 5.70
ELKINS, MORRIS & CO.
LAND TITLE BLDG.. PHILA.
Members New Yerk and Philadelphia Stock Exchanges
STATEMENT OF
The Commonwealth Title Insurance
and Trust Company
at the Clese of Business October 31, 1922
ASSETS
Leans Secured by ColIateral?4."Q3,i;o.l9
ISends nnd Mortgages l.SOS.oriC.eo
Bends nnd Stocks 2,919,3 1 0.32
(ireund Rents S.unu.ni)
Aecrucd Interest 60,sii'.20
Company' Hiilldlng 1,650,0(10.00
(Including .Safe Deposit
Vaults)
V.t,her-U,'al Estate 48.CSI.C0
Mlscelluneeus 111,892.08
ib-verve (Cash en Hand, in
Bank and Municipals!) . . . 1.289,:st,73
Total... SI 2,529,386.72
Trust Funds, Invested. .
Trust Funds, Uninvested
Total
JOSHUA R. MORGAN, President
, LIABILITIES
capital Stock tl.000.000.OD
SurPlus 1.EOO.O00.00
Undlildcd Predta
He.ervcd ler TaJvea
Sllicellaneeua ....
Dividends Unpaid . .
Dividends Payable
veinber 10th
Deposits
.......
Ne-
666,736.63
67,165.1,
33,440.31
103.09
40,000.eS
9.321.946.CI
Total... $12,529,386.72
$26,430,456.41
393,041.12
....
. $26,823,497.53
JAMES V. ELLISON, Treaiurer
I
I
i
i
i
DESIGN
CONSTRUCTION
LOUIS T. KLAUDER
CONSULTING ENGINEER
PENNSYLVANIA BUILDINO, PHILADELPHIA
POWER PLANTS
APPRAISAL
REPORT
Reierve Banks' Discount Rates
.rI'imi.LlLj."llK"u,nt rn,M ' tha l-velv. pod.
eral Ile.erv. l.'anka are n fellow : r n
lloaten .,
New Yerk ...
1'hllad.li.hla .
t'lev.land ,,,.
rtlchmend , . , .
Atlanta ...
Chlcaae ,
m. LfOUIb .,,
tua ,, at
a rnncisee ... J
irnt
Otfc.
i. 4
:: h
:: jjl
.... j;
i 4J
.lb.
Henda
4
4
n'
4
.',
( Oln'l Til,..
I'aper Accept,
r-
4
i
i
AmtnttB Cai Cempyay 7i, 1928
Public Simce Newark Terminal Si, 1935
Jehn W.namaktr Exttndtd 6i, 1932
Una Electric Ry. & Light Ce.. .5,, 19?j
Indiinapeli, Water Werai Sic, 6i, 194S
t t &DC"lcl,,'erJ St. Ry...Si, 19S5
lepeke Railway Company St, 1910
Scranlen Kailwayi Cempant . , . ,5,, 1017
Public Serve. Cerp. off.. J. AIM " I
American Pipe & Cenitrc. Sec. pfd. Sleck
SAMUEL K. PHILLIPS & CO.
af.meen Philadelphia Stock Excl,,.
"' ""FewM OiULtT
1 1 11 ilTil isl iTj rrrKsiilsa
Ow2.i?U rea. 3c (Ce.
public Vttlftu rrurltl
atark ggrlianar auatrtQ,r.
Burlington Lt. & Pr. 6s, 1942
Citizens Gits & Elec. 6s, 1931
hrie LiKhting 5s, 1967
Penna. Li(,'htins 5a, 1940
Springfield Water 5s, 1926
United Gas & Elec. 6s, 1945
r. . .rh?.B,,,M aVeeeet OttO-I-144
TrlTula 4'ti.eaa u titm luk aT7u.tM
WIEGHER.ROCKEVftGO.
vwcuim rubiic AcceunU
OrtMl Mldieff , PUbdslpl
I