Twtity-twi Yuri
!&';
. Ie 1900 Philadelphia
Jf mm uia en a z.907
ir.f L.i. s.s .. . .
EK
! 4A twwirta rlitA 10C9
m
- can b bought at 101 J
ji
M' and Interest, te yield
' about 3.93S. A Price
Chart and Circular will
be sent en request,
Hi
)
Harrit, Ferbes ft Ce
Pin St., car. William
NKW YORK
PHILADELPHIA OPTICS
Winner lldg.
Telephone Spruce 7040
$200,000
CRAWFORD COUNTY, PA.
44 ROAD BONDS
Augutt 1, 1927-1944
FREE FROM STATE TAX
IN PENNSYLVANIA
fe
Exempt Frem Al I
Federal Income Taxes
PRICED, TO NET 4.10;
REILLY, BROCK & CO.
306 CHESTNUT STREET
PHILADELPHIA
OPERATING com
panies constituting
part of the national
telephone system are
links in a business
chain. All must func
tion at full efficiency,
constantly, in order
that the system may
maintain the quality of
service the country's
triiemmerce demands.
dlspla. ,
tenmsi own and offer first
'-brtgage bends of :i
werfe mpany associated
-?u,'l-ith American Tele
phone & Telegraph Ce.,
' te net 5.
u
HARPER & TURNER
Investtaeavt Bankers
JFAItettlpAlm StetA Exchm
STOCK EXCHANGE BUILDING
PhiUdelphU
J3JniS)S.,S5IiL'2a."3,,a,rS2,'2f3g
Methods Are
Continually Changing j
and the bank that is I
progressive helps te 1
meet this with reme
dies te overcome the
difficulties. We are
always willing and
ready te advise our
clients of which
course te pursue.
m.
Come -in and see tte.
Opposite Bread St Station
Third 1
Lf
Oryunizcd JiCS
I
mKssMsis5S!sMSEBsnissmmm
Proven
Public Utility
Bends
vs
n
ef-.
Baker, Yeung & Company
OBZFH W. S WAIN. Jr.. Ksntftr
Land TltU Buildipg
ten
A National
Bank With
$ a Savings -
fDpartment
a
'iTi&it,
National
of Commerce
.nc
iBalBgBa bbVJbbV avBHaHM r
;iMm?.i,..,
:s.?Wfi
L13W' ,
mmtjmSimMMtMWV vwjv k wnsssm- public tjdteer-phitmeph
"""'llr -- r eaa.inV , , 7 ' -" -w-. .,........-,..' v.-.KVf .i-.;fc.r,.-i:.n.i"
, s jtiiir.t tmmmmm w,tj. - i 1 1 1 1 tm
nSst u SKYROCKETING IN new yerk stock exchange transactions
at . a 1 an .a avai asm j aaaia. wm.m.m aaa.aa saaasa ta a
nil" Aiiaiai ATAnPA """""" "" " .-"""' -"" -.. iw .,, i ,
MtuHAIN5l
Uncertainty of Tomorrows
Elactiena and Turkish Situa Situa
tlenKapt General List Ragged1
New Yerk, Nev. 0. The shores if
tlie merchandising nml chain store ec
cupied the same prominence in today'
typical pre-election stock market n's'
that given te the copper shares en Sat
urday. The general list jogged along
in the Mine listless nnd irregular fash
ion, getting uewlicrn in particular.
in audition te the uncertainties of
tomorrow's election the critical Turk
ish situation also served 'te put ' n
damper upon speculative enthusiasm
mil influenced both Hides of the trading
contingent te keep hulls closely reefed
pud hug close te shore. In censcMuence,
me tntti n? ter 1 n most nnrt 01 1110
1 session was altogether colorless nnd
1 unproductive of nnv important price
changes, although the greater part of.
tlie list during the Motion ruled nny nny
wlicre from stibytnntitil fractions te
mera than a point under Inst week's
closing level.
I As a matter of fact, had it net been
I for IniHUli demonstrations in the chain
1 store, the day's operations would hn
been iei.iiieuiy uninteresting. While the
main body of stocks backed nnd tilled
I according te the adjustments of the
1 vroresslenal trading contingent, the
fcierrhandlslng stocks and n few ether
I specialties gue 11 spectacular pyretcch-
iitt display in rapidly rising quotations.
Woolworth seared mere than 14 points;
Kresge mere than !, nnd .May Depart
ment Stores mere than 0. In each
ease new high prices for the year were
recorded. Several ether high-priced
stocks made ..similar seicntienal exhi
bitions, with Otis Elevator jumping 0
points; United Fruit :H. T.erillard To Te To
bncce 3 and Mnckay Company 2U
There was nle some boosting done
iitnetig the mere speculative issues.
Kelly-Springlield was conspicuous for
a rise of mere than a point nnd l'lggly
AViggly Stores 2 points.
It is doubtful whether the Street was
exercised te any great cstcm met the
les favorable outlook of the Turkish
situation, but coming at a time when
the market had lest technical strength
through the substantial recoveries made
in the latter part of Inst week, the in
cident was mere or less depressing in its
Influence. As te the election re.-ults,
it was. somewhat of a different uuctlen,
us It was thought if the ballets tomor
row weie against the party in Power
I the market was likely te sustain courts
, tlve chills when business wa mumed
,tm Wedncsdnj. There was net very
1 much selling en that fear, but there wirs
aj ! a conspicuous Indisposition te make new
ventures and a similar desire te reduce
outstanding commitments as much as
possible.
Commodity Markets I
GRAIN MARKET
Chicago, Nv. (J.- The Wheat mar-
l;pr .Icellnrrl 3.c te , fit thn ntttet.f nn
easier Liverpool cables than expected
and under runner liquidation ler ever
election. There was mere or less buy
ins en the Turkish news, however, ami
1 during the tirst part of the day prices
rallied and regained most of the leases.
The Winnipeg innvket was closed for
Canadian Thanksgiving Da.v . and there
was little evidence of new expert buy
ing. Cern started unchangedte ie lower
and developed a steady tone en buying
by leading commission houses and ow
ing te an absence of selling pressure.
Oats were unchanged te 9c lower at
the start, but later advanced te slight
ly above the previous close.
Previsions were tinner en an ad
vance of 10c in the he? market.
Cern Prcv Cleje Oten 1 V M.
rc ... JN e'S C "is )SS
'M..y . . ''st, w C,s, iis
IJun 07", i.S O m", OS',
1 Wheat
De,- . 1 H1 If. If 111'. 1 1.V,
.May ... 1 14m, l.M 'a 111'. 1 IBS
July . . 1 OC 1 u4' 'il 1.04j 1 05i
LUtl
D: ... 4- 4- -liS
Mi.v ... -U n'.V sl v:
Jvv . . 3's JOW 'au'i
m"1!-. .. s.l tt s-4 j. 1
Uirtl
Jan. ... ' S" "' I'T ! 87
Maj ... 10.13 -'in.J 10:i-'
Dec . . 1'iOT
B'3
COTTON MARKET
New Verli. Nev. t!. lleneueil inuat
of Near Kasi ceinplicatiuiis. with
weaker foreign exchange, mused a
I heavy selling movement in rett.-n nils'
morning, vhich weakened iirst prueK L'O
J te .12 points. There w-as a geed deal of
realising en the foreign news, and also
Southern selling. Liverpool and Jap
ane interests bought.
The offerings were well nb'erbl and
later the market acted steady without
further Iem from opening level.
St. CI"!. O
t r ?r 1
w Dc-nvbr
H 1 January
l3 March .
pi, May
ft Jul) .
. . I!.-. IS '((.'.II
, , '.5 2u J I
, . -! 'nlfl J.'.
. 'Jl Tl'.i 7s
. . V HujJ
,. S3 U
.1 'M
Jf 7'i
J I J-.
13 U'J
'. t l
li 43
AUk'Utl .
NEW YORK COFFEE MARKET
New Yerk. Nev. ti. T! e coffee mar
ket opened at a decliiic of '' te ." points
this morning, dun before tin- local
N 3 II fill 2) I KSIIlM Hi opening a special KIe nl.'.-H r ported
I
w wwvHraiBvw ws . . . ..-, -i .. ..
- !
tlie term innrt.et ... in i nj r. is lower.
Itie exchange J-Hid Ingi,. r uriil a de
cline of ."0 reis in tl." dollar rate.
Hlo exchange en Londen showed '
igr.s of Irnpieverneiu. (ulv.incing 'S-lild, '
'and this promoted .1 little covering heie .
by trader herts, as well as furnishing
' some encouragement for new Iejir buy- I
ing. At midday, prices had advanced e!
points for some of the niete active pe- '
titlens. I
l'rev. Ciif-.
"e-ritr . ... ..
I l.'mt-r ... & HSldl'l
.1 i tiua .
M.irti ... 11 I.V'i l.l
i May ... . . . fl J4 ..I
Jul j ... . ..SI)', u VII.
I .Siytember ... s)S?ii.'i
Oj.n I
'i "..'- ,
'i ..1 a iM
I' '. ,
'i l.l ' Pi
21 'a!.'.
- 'U 'i
S LOtfOJ
Raw Sugar Quiet but Steady
JffW Ynrk. Nev fl Th iwi nutnir ror rer
kt Jh mlt but ntm.lv, wlih Culwi f r No Ne
vcmbir ind r)cetnbr .iilrmi'i t Tuot, nt
3. cenm, 0Jt anit lr:iit. rnrre mts nn
fHlH repertfcil en haturili. ". Arrlviin of
Tivwa en ihnt ilaar ii'lunei itn -,nu hti
Cuba, te tlii National sjUBar Hinlnf 'm
r.iinv. 14 SD0 bB te the '.V:rnr Suir.r tl.
1 11 tie t'limpan .-ml 12 wen ba V m i-n
r. ue 10 i. nn.inn. i un ie n
la unchunuej. both nit te cendli
. t
.. ..... -. ....
Philadelphia
prta tnt the Nutlnnal "Uir itt-ttniiiK i
Company l Arm en tlm l.ittrr I.j.h l.iat l
t aij.i yr !
price" ranee trem tl.Pe te 7 00 tent". I'm a
per cenv ler vain,
Reserve Banks' Discount Rates
Official rediscount rates at th twelve Fed'
era! Reserve Uanki. nrc a fellow.
4
iT"a i.ie rem'a liKrs.
cits,
4
, 4
1
betiil, rateH. uccept.
Tio.ten ,,...
Ny Terlc .
PnllRrtflphl
CleviUnil ,
Itlohmend ,,
Atlanta ...,
ChluaKi) . . .
Ht. J.eum ,
Minneapolis
Kan.i City
4
4
1
4J
IV
3.
4l
41,
4',
4W
4',
4i
4.1
Interest
en
Savings
ii!i !
4i-;
iJliN . , , .
t . 4
ban Francisce , , 4
Liverpool Cotten
Miernoel, Nev. (I There was a fair d
mutnl for xnel retten today, ultb. prices
steady en the basis of nil mlvane of S3
points for mlddl Intent ltl.eN.i. The unlee
i.rn jO.OOft biilei. The receipt were UO00
linlea. of tt llll'h tllOU llftlfH W.Jrn Auiirl..'in
tst
.;--..7- " " ...,..,.. ... ti.S' ''. "r'.""- ''
niiu-ti. .nun .nai'Vi.nri).Aiiicj-li'i
early leapns'a.
ruiurcn wnu m.m in win early final
itr
li hpei urjera, ere; nierirun,'ijjienjinif rt
I jiA; ! erdinsa-j . i.08d. ;aai m-einarr.
' I 11V BW
M
lilS Nrt
P. M. cuss,
Sls la
STOCK Mlife
tow
78
49
13M
7BU
t13ft
44 H
32 ft
39ft
38
72 H
110ft
186
T28ft
24 ft
6
148
12U
108
30ft
lift
35
B7ft
12S
121
48 ft
7H
21ft
G8ft
103
100ft
45 ft
61
124ft
153ft
151 Ti
29 ft
98
E0
60
2ft
T17M
2
104
22 ft
32
130
51
93
21ft
41ft
69 ft
97 ft
112
7
lift
119
17ft
15
121
59 ft
131
48
99
8ft
32
21
83 ft
52
8ft
144ft
32 H
38ft
39
61
75ft
104
37U
60ft
5
12?;
23 ft
45 ft
88?;
82 ft
40 ft
89 ft
27 H
20 ft
79
107 ft
3ft
lift
49 H
69 ft
37 ft
ft
136
11
95
128ft
48 ft
75i;
22ft
36ft
33 ft
22 ft
135?;
Ill
45
155
84 ft
85
55 H
851ft
13H
21 55
29 ft
94
149
94
12 ft
22 ft
74 K
564
084
78 1 1
177' J
101,
14
12
97
6i
33
25ft
91
34 ft
16
45
38
100
!
E5
20 1,
4ft
111'i
35',
,
T.
32'
57 ,
;m
15
43 ft
ft
50 ft
a 1
2ft
45
an;
88 34
100
tee
1000
100
.1000
100
600
300
TOO
100
6400
200
. . Adams Express.... 78
3 Advancs Rumely pf 4
i. AJax Rubber 14)4
. . Alaska Juneau O M 1 i
, 4,A1lled Chem ft Dya.. 78
7 Allied Ch A Dye p(113Vt
4 Allia-Cbaltncn .... 44 H
.. Am Agrle Chem.. 4 32 It
.. Am BMt BUgar..' 39 ji
Am Besch Magneto, '38
.. Am Can 73
7 Am Can . linu
78-2
49 i'-
14
i!i i
78ft- H
113ft-
44 H- ft
32ft i
39ft 1
38 - 1!4
73ft- 1ft
110ft ..
186
126K H
24ft - ft
6
148 - 4
121 -r V
1084i ft
30ft- ft
1 1 ft - ft
35ft- N
C7ft ..
128ft- ft
121 -- ft
48 ft -r Tft
7 ..
21ft- ft
59 -r ft
103 H J- H
100ft- ft
45 ft 4- J
61 -!- 1
124ft- li
54-2
153 ft
J00 12 Am Car ft Pdy....18
200
flOO
TOO
BOO
300
600
100
100
3100
TOO
200
300
800
1400
00
TOO
100
100
1000
600
300
100
600
3600
200
100
100
500
2100
200
100
7600
6-0
tee
iiii v.uuun tin... au
.. Am Iruir Syn 6
8 Am Express 148
.. Am lltds ft Leather. 12f4
7 Am Ic 109
.. Am Intemat Cerp. 31
l Am La Franca Kng 1 1 !
.. Am Linseed 35 T4
,. -Vm LlnsMa pf.... 57 Ji
6 Am Locomotive.... 126
7 Am Loce pf 121
:i Am MUI i... A3V
M Am Bafsty Raie'r. 7
.. Am Ship ft Cem.. 2214
.. Am Smalt 59ft
7 Am Smelt pf 103H
Am Smalt Bcc A. . T00W
3 Am Steal Feundria 45 ft
C Aru Tel ft Cable.. 61
J Am Tl ft Tl 124K
13 Am Tobacco 155f
la Am Tobacco B....153
.. Am Waterworks... 29 !4
7 Am Woolen 98U
.. Anaconda Copper.. 50 jj
4 Asse Dry Goods... 68
.. Atlan Blr ft Atlantic 2i
7 At'.antle Coast Llne1175
.. Atlantic Fruit etfa. 2
6 Atch Tep ft San F104
. . Att Oulf ft W I S 8 23
.. Austin Nichols ..... 32
7 Baldwin Locemotlva131 Vt
. . nattlmera ft Ohie... 5U
. . Hang A Arees pf . . . , 93
. . Bamadail riu. n. sits,
98
50ft-
68 - ft
2ft- H
I17?i- 1ft
2 .
104
22 ft-
32 -130?;-
51 -
93 --
21ft
42 -
69 ft-
97 ft
112
7
llft-r
119 -
18 -
100
jvu te ueeennut packing.. 41
2600 6 Beth Steel B 70(4
600 . B.th Steal pf new.. 97'2
200 8 Beth SUel 8 pf..112
103 .. Beeth Fisheries..... 7
100 .. Brit Em Steel .... II !4
200 s Brooklyn Edisen ..110
3000 .. Bklyn Rapid Transit 18i
600 .. Bklyn R T ctfa.... 16
200 s Bklyn Union Gas... 121
500 .. Brown Shea 60 4
400 Id Burns Bres A 132
2300 L" Burns Bres B 48
600 T Bush Term Bid pf. 99 J.J
5500 .. Butte Cep ft Zlne.. 8Vi
400 .. Butta ft Sup Cep.. 32 ?4
1 00 . . Buttericlc Ce 21
100 B Ca'ifernla Packing. 83 1 J
700 .. California Petrel .. 52 H
2000 .. Cal Zinc and Lead. 0i
1400 10 Canadian Pacific ,.145
300 .. Case J I Threshing 32 J
100 .. Centra! Leather ... 38 &
1500 .. Cero-de-Peaco 39'4
390 $ Chandler MetUrs . . 61 t
300 4 Chesapeake ft Ohie. 73 H
rttyfS . . a. . w..- . . fe
lft
is?; ?
121 - 2U
60 ft
132 48 ft ?
99 ft-
8ft 4"
32H-
21B1
83 ft-
52 ft-
8ft-
145 -
32 -
38 ft-
39 ft 4-
61 -75ft-
104
37 ; .
60 ft .
20(7 6s chenapeRke ft Oh pf!04
200
. . cm & E in 37
.. Clilft E IU (new) pf 60J4
.. rhlcage ft Gr West 5
.. Chi ft Gr West pf.. 12?i
.. Chi Mil ft St P 29?4
.. Chi M ft St P pf... 46!J
5 Chi ft Northwestern 90 Vi
4 Chicago Kneu Teel. 83
.. Chi R I & Pac 40i
0 Chi R I ft Pc flr Pf 89 V,
. . Chine Copper .... 28
. . Chile Copper 27 r
t Coca-Cela 79H
t! Celum Gas ft Elec. .t07l?
., Celum Qraphaphone 34
. . Cel Graphaphone pf 1 3
4 Cem Solvent 'A.... 49H
6 Cemput Tab Rec. . . 695j
.. Consel Ciger .... 37 &
.. Consel r)i inc.... !
s Censu'idated Gas ..137
. . Consel Textiles ... 1 1 '4
. . Continental Can ... 95
t Cern Products Itcf,129Va
1 Cosden & Ce 49 ft
.. Crucible Steel ... 76ft
.. Cuban Am Sugar... 2214
.. Cuba Cane Sugar p 36 ft
. . Davisen Chemical 33 ft
.. Debeers C Mln Ltd 22 H
6 Del Lack ft West.. 136
5 Detroit Edisen ...111
1! Deme Mlnea '46ft
8 Du Pent (E. I.) Ce161
C Du Pent 0 deb pf 86
5 Eastman Kodak .. 85 ft
D Klec Storage Bat.. 56
5 Endloett-Johnson .. 86 ;
. i:rie 14
. r:n m pr 21 ft
J Exchange Buffet .. 29ft
Famous Players L. 95
in Fisher Bedy 149
S Fisher Bedy of O pf 94
. . Flsk Rubber 121
. . Freeport Texas ... 22ft
3 Gen Am Tank 75 ft
. General Asphalt ... 57 U
f. General Asphalt pf. 884
( General Clfcar .. 70'2
5 (leu Electric . .178
. . Genl Elec speclul pf 1 1
. , General Meters ... 1 4 Ji
. 'Hidden Ce 12
7 Glmbel Bres af.... 97H
. . Ge'.dwyn Pictures . 6T
. . Goedrich B F 33
. . Grunby Mining .... 26
7 Great Northern pf . . 91
I Grt North Ore ctfa 34 H
.. Gulf Mobile ft North 16
.. Oulf Mobile ft X pf 45
. . Gulf mates Steel... 89ft
7 Gulf Statea St 1st pf 100
. . Hablrshaw Electric. 1 Ts
7 Hartman Cerp 85
-' Hudsen Moter Car. 20 ft
. . Hydraulic Steel .. 4;
7 Illlne'a Central ....111 i4
. . Inspiration Cen Cep 33
. . Inter Cen Cerp.... i
200
700
100
1600
1800
700
1000
1900
100
41400
1100
1900
600
1300
300
103
100
100
100
170u
1400
200
4300
4600
2700
100
100
200
500
500
100
3100
3860
300
200
1500
2000
5100
300
100
eoe
100
100
1200
300
EOO
2B00
103
100
200
1400
13200
50
400
200
100
400
900
1300
100
200
1200
200
400
12?;-:-
29 ft -
4S
90 ft 4-
83 ft -r
ft-28H4-26
ft -79H
J-
107ft-3ft-
13 -.
49W4-
69 ft .
37 ft .
U-136ft-
11ft
95 -128
ft -
49 ft
76 ft-
22 ft -38ft-3344
4-22ft-
135
111 -45
161 4-
84 ft
05 55 ft 4-88ft-1JK-21ft
29 ft 4
95 -149
-94
12ft
ft
8'J; -78
ft-
177ft
11 14ft -12
97 4-
3ft
33
26 -91
3-?;4-16
-6
-88
-
100
4
20?, 4
4 ,
111ft-36K-
H .
ft -32
ft .
52 ft-'
15 ft
i-
23 ft ,'.
15
43 ft -ft
.
50 ft 4.
21ft-
2ft
45 -81
ft-
88; -
100
100
100 .
100
2100 .
100 .
200 .
100 2
inter con terp pr. .
Internat Cement .. 22 ft
900
600
100
,i00
100
3000
100
2400
GOO
100
1200
200
100
4e0
C Inter Mer Marine pf 52 ft
. . Inter Nickel 15ft
. , International Paper 57 S
. . Inter Rapid 24
. . Jnt Great North w. . 23ft
. . Invincible Oil Cerp. 15H
, , Iren Products .... 43ft
. . Island Oil ft
4 Jenes Bres Tea... 51
. , Kan City Southern. 21 H
. . Kansas & Gulf aft
. . Kayaer ft Ce new.. 43
. . Lackawanna Steel . 811.
7 Lacleda Gas of St L 89
LIVESTOCK QUOTATIONS
1 hdfr. I7fis.
"ItiiH SOU Iih.1,!.
Cldcaae. Nev. ). 1IOQR nwelptu, :m,0(i
fcei.1. Market 10.1 te l.'.e hlsher; bulk IPO !. ' :0V? 75Hhivy j-erkwii llsht ierker. i? S5
te ilO mutul uverasM. ,50ii8.03; eoed. , ami W.. tt MOU ie ' ' lied JIll'l. ?A
2J0 le.SSO pound butc(.hr. iireuml IS.7U. , hlfL.i;i AND l.AMnH e-elpt. 1S00 1 Sllvnr I'lek as
""'?- K-iuipm.
icnin, (it.niru n, i.; minium weiLn, i- ejv u
8.70: llahturlxht. Sv-tr1M.0.': lUht listiu.
s 4us.uu; pnrKinv HfnMi, Ftnoein, .,.oeru
7.IH): pscklnir sunn reush. J7.l3W7.O0; kill.
LOCAL
Im lllul. ih.'.ll'n H.'
I'i'fTl.i: lleiciDlu. "'.I.OnO hi(l. Cjualilr
pUIn: butter crml.i cern-feil ter, t cow , ,i uny
nn.l hf.lfpm. Htii.ntf. nthtir cradeii b.f atrtrrt i,.., ,..-..
and butcher h hihcIi, lev. eiirly top m. ii1.,..NfJ'1!,,..
...., B.Ai.va 1 Tl '. 1,1.11 ha.ll A l,a. u.ddva ... ..n.M.
luic, r.'i.i .."..''. ,..., m ,. ...v.. LrfHOAJlt
f eunllly .nd cundlllen te atll larKi-ly at iiMwav
tS.SOfrlli approximately half-run We.tcrn Mlipali Kxtcninen
ZrH..Hrii UU1..IUI". ...l.l. MJi'. UU..T. .IK.Ujr, .lljnllT..
veal ralves .tendy te 'JSe lewer: tinrker. . North Star .".
and fi-eilera. alew: bulk veal ralvea early, Rescue Kuia . .
line.Du: uum pen oeionn duiir mw,.:3; Tonopah Kitsii.Iun
bulk canners and cutters I2.(1B. West Knd
HHBEP Receipts. 21.000 heaJf. Fat na- Wait Ten T. . ". '. Y.
tlve lamba. epenlns ,ntren tu 33q hlfh.ri " 1 ';'
early top. 114.10 te elty butch.rsi ita.TB te HVlKi:
packers: Western mostly feeders: no surly ' Allied Dty
sali.aH: one neuuie i-unu Hnreiifii peer meutnea .ute jiv
.Mentana feeding ewa. (0.10: sheep tesree; litlchtr
around steady, belcher Kxter.Ien
ureuan uivnie
..-.. . plvlde Uxtenslnn
CATTI.n 1) v Cen
Kiiet St. l.eul.. III., Nev, II.-
Recelpts, 0600 hand, Wentern steers, strenr,
uiviunr.ii
Raat HIv
Ilarrelll
Knox ,
fillvar Kin
.Mitive steers miu einnr Kiiuns ciaases,
stcuily: litht yat calves, N steady te OOe
hluheri top, I0.B0: steeker steers, strene te
jr.e nisner: puiae iniiewi native siecra,
! 17.50
Insa,
2 83
7.5OM10.46: Westerns, 1.1. 28; light year-
Tonepaji I)v
nuineriann
r, M7.ne: cows. s.r,e4.r,n
UVI CO.
bulls
canners
8302.40; bulls, ia.7B4.23l
Mecker
lonepan i
Victory 7)
Ifasbreucl:
ateere, e.e0S0O.
HOOP Receipts. 12.WK) held. Active. lOe
Vsrde Dlv
Zene , , , .
iviue
te l.'.e hle-her; top. IS S3: bulk. 130 te 200
pound nveruses. Stt.40Qs.DB; 210 tieunds and
up, S8.Bftiuft.un; light llEhts, H.4OH.D0;
pica H r.O StH.eS; packer sews, $77.23.
HIII-.R1' HirfllDls. 1000 head l"al limhi
.....
aOI.l)ieiCI.D STOCKS
Beeth OS
yome rrftii ,,
i;i
.'racktrjaclt
'jae niae'T. mu umcr uimb.ph uuenanveai ie
classea unch.nj.dl top
lia. bu; culls, ts.nuaji
.60; heavte., Hiti-tJ,
lanips. ein.iai pma.
V; fat llcbt ewes, UO
-203&kJPJ!22. 1s&?Xt
A I-
iJ'ia.vlJt. i. .lr.u .t.'fftjss(i..
'iii.tir(-1
mam ji u oei. .wj
Florence ,U l'j
gj2ni!i,vt'en vri 'SI
Kuaiu tJVp ' : J ". :?e ,'ii
jasai asM ...... , .01 i.e
P.'i.
Bales in I
2700 ..
btecx nita
.. fMiiy-Hpringmia .. 43
Kally-gpt T pflOl
.. Xennseatt Cennav ., ast4
4214
100
4900
200
101
38
s
.. KaystenaTftR... OH
"S .,7 Kranrs a a i4
i22 ..7 r"w My'" Xtt3
200 8ft Lima Loeomotlva .. 59
112
1 M-'W
TOO
.. Loews Ine 19ft
3H
200
100
900
TOO
200
2200
400
400
300
200
2500
TOO
TOO
4000
4200
4600
500
500
1 in caaay 13 is
12 LerllUrd (Pism).. 1644 IMM
'; &? TTue' Mr 2
I Maek Truck 1st pf . 91 91
MackayCe 106J4 10B
.. Magma Ceppar ... 34ft 33ft
... Malllnaen Ce .....32ft 314
.. Manatl Sugar 42 ft 42
t Manhat Shirt 58 M SB
.. Market St Rwy pf.. 68 674'
4 Marland Oil 33ft 33ft
.. Max Meters Class A 49 ft 49 ft
.. Max Meters Class B 14ft 14ft
8 May Dept Stores. ...167ft 163
1 Melntyra Mining ,. 19ft 18ft
18 Mexican Pet .224ft 220ft
6 Mex Seaboard 19ft 19ft
i
M4-
1 ..
09ft 2ft
34W I
32 - K
42ft ft
98 ,,
674- W
ffli 8
'8K t
223
19ft-
J Max Seaboard Oil ct 18ft IBM
1K
JH . A !,,m CPPer 27ft
2222 1'20 Jlddl st" Cerp. 12H
27
12
31
6 ft
16ft
43
19ft
84 ft
106
121 K
iSI.
19
237
55ft
IK
67
99
3ft
13
33 H
98 .
87 ft
26 ft
15
120
94 ft
89
2ft
23
152
9ft
374
TK
82
49 ft
88 K
8644
4ft
48
314
93 ft
34 4
43
45 ft
5
42 ft
95
38
113
111ft
43
97
109K
127ft
44H
29
13ft
01ft
34 ft
95
74
26 ft
49
85
15
56 ft
534
28 ft
33 ft
57
2ft
3ft
85
111
9ft
8?.
35
94
32K
99
9ft
92 ft
25
66
19ft
121 ft
210
118
B7?4
54 ft
82 ft
126ft
7ft
2A
H
47 ft
65 ft
27
22 ft
32 ft
23ft
81 ft
14
1644
145
78
159
26 ft
80
6ft
,66 ft
86 ft
53 ft
9694
105?4
120ft
tin
39
00
64 ft
13ft
10ft
29 ft
12
1114
14H
24 ft
16ft
59 ft
6
10'
6
414
1894
27
12ft-
Ilk
1 - -
108
122K-
J6ft-
19
237
38ft 4-
IK-
67ft
99 -
3K
19
33K-
9894
87 ft-
28ft-
-15
120 -
94ft-
89 -
2ft
23
196 4-
9ft-
38ft-
TK-
83K4-
46 -
90 4-
SB -
1300
. fuiavsJO steel 31 ft
4 M StPftS STM.. 68 ft
.. Me Kan ft Tex (wl).. 16ft
.. Me K ft T (wl) pf. 43ft
.. Missouri Paclfle ... 19ft
.. Me Paolfie pf 54 M
8 Mentana Power ..108
.. Montgomery Ward. 1 22
1 Moen Moter Car... 16ft
H Mether Lede Mining lift
.. Mulluia Bedy 19
7 Nat Biscuit 237
.. Nat Cleak ft Suit... 55ft
.. Nat Cen ft Cable... IM
.. Nat En ft Stamp... 67 ft
7 Nat En ft Stamp pf 99
.. NatRRef M 2d pf 3H
Nv Cen Copper.... T5
6 N Y Centra 99ft
6 N T C ft St Leuis.. 07ft
.. .ew Yerk N H ft II 29ft
2 N Y Shipbuilding. . . 15
7 Norfolk ft Western. 120
C North American ... 95
5 North Pacific 85
.. Okla Pred ft Raf... 2ft
.. Orpheum Circuit .. 23
5 Otis Elevator 156
.. Otis Steal 10
3 Owens Bet Mach... 38ft
. . Pacific Devel Cerp. 14
.. rae Oaa-ft Elec... 83 i
3 Pacific OU 46 H
8 Pan Amer Petrel... 90ft
8 Pan Amer B 88 ft
.. Panhandle 4ft
3 Pennsylvania R P... 48 ft
.. Penn Seaboard Steel 34
C Peeples Gas Chicago 93 'ft
.. Pere Marquette ... 35ft
3 Philadelphia Ce ... 42
2 5i!!ift Ce,6 p' 3
a Phillips Pet 45 ft
ricrce en 53;
4 Plggly Wlggly Stere 44 ft
7 Pitts Steel pf 95
.. Pitts ft W Va 3a
15 Pestum Cereal .... 1 1 5
8 Pestum Cereal pf. ,111ft
.. Producers & Iter... 44ft
6 Pub Scr Cor of N J 98 ft
8 Pub Ser of X J pM05
8 Pullman Ce 128ft
.. Punta Allegre Sugar 444
2 Pur. Oil 29
.. Ray Cen Copper... 13K
4 Reading 82 H
.. Remington Typew.. 34ft
.. Rem Typew 1st pf. 95
.. Rem Typew 2d pf.. 74
. . Rcplogle Steel 28
.. Renub Iren ft Html. 50
100
300
300
700
600
40
1200
300
5500
100
700
100
100
1600
100
300
500
200
5100
100
1400
100
100
300
800
800
200
400
200
1000
400
3600
10300
4300
4600
100
2300.
60
100
900
300
200
500
2800
3500
200
300
300
100
2800
eoe
tee
1100
200
1400
700
7200
300
100
200
800
800
100
200
U
ft
ft
IK
X
1
i
ft
li
H
H
H
ft
lft
ft
ft
ft
ft
ft
ft
ft
48 -
3K
43 4-
49 ft-5K4-
43 K 4
95 4
38 115 -
111ft
44ft
97ft
ft
H
ft
ft
t
ft
ft
1ft
tt
i
ft
ft
2
H
10594-
128 ft 4-
4494 -f-
29 -
T3ft-
624
34ft
95
74
26ft
49
85
15 4
57 54 -
26ft
35J, 47 ft-
2ft
3ft
Bft
8 ft 4
36 -
Rep Iren ft Steel pf 85
Reynolds Springs.
15
3100
3 Reynolds Teb B..
57
54
26 ft
35 ft
57 ft
2ft
3ft
85 ?4
111
T000 1.18 Royal Duth N Y.'
v
19
in
1
ft
ft
Hi
'ft
200
500
.. ht Leuis San Fran,
.. St Leuis Southwest,
. . St L Southwest pf .
.. San Cec Sugar
. . Saxen Moter
. . Sears-Roebuck . . .
7 Sears-Roebuck pf .
. . .Seneca Cooper . . .
1300
200
100
400
100
200
100
.. ShattUrJc Arte rnm ::
4
400 158 Shell Transport ..36'
100 6 Shell Union Oil nf. . qi
94
32 K
99
9ft
93
25
66
19ft
121 ft
212ft
lie.
7300
200
300
500
200
203
103
1200
700
200
400
1200
100
14400
5200
200
300
2900
8100
100
1600
2000
300
200
900
200
1100
100
700
100
200
400
1500
400
210
100
16400
100
1400
100
700
100
300
4100
400
300
100
100
100
500
100
300
800
300
200
300
100
2100
5 Sinclair Consel ... 33
8 Sinclair Cen pf.... 99
. . Skelly Oil 9J4
6 Southern Paclfle .. 93
. . Southern Ualt 25 ft
C Southern Rail pf. .. 6C
. . Spicer Mfg 19ft
I Standard Oil of Cal122
C Standard Oil of N J212ft
7 Stand Oil of N J pfllBft
3 Sterling Products ..574
4 Stewart Warner Spd 55ft
4 Stromberg Casb ... 52ft
10 Htudebaker 127ft
.. Sub Beat Cerp 8ft
. . Sweets Ce of Amer. 2ft
. . Temt Cern ft V "A" H
8 Texas Ce 48 H
4 Tesns Gutr ft Sulph 66?4
. . Texas ft Paclfle.... 27
1 Tex ft i-ae c ft e.. ::24
3 Tlmken Rell Br.. . 33
. . Tobacco Products 34
7 Tobacco Pred A. . . . 81 J,
.. Transcontinental Oil 14ft
.. Union Oil 17
10 Union Paclfle 146
.. United Drug 78
5 United Fruit 158ft
.. Unit Rwy Invest pf 26ft
.. United Retail Stores 80 ft
..US Feed Products 6ft
..US Ind Alcohol.... 67ft
.. U H Realty ft Imp.. 06 ft
..US Rubber 539;
SUB Rubber 1st pr. . 964
6 U S Steel 10694
7 U 8 Steel pf 120ft
2 Utah Copper 66
. . Utah Securities ... 1794
. . Vanadium Cerp ... 39
. . Van Raalte Ce 60
.. Va-Cnr Cliem pf... 644
. . Vtvaudeu Inn 1 4 ft
.. "Wabash 16ft
. . Wabash pf A 30
1 Wcber ft Heiltironer 12
7 Western Elee pw,. 11 194
.. Western Maryland. 14H
.. W Maryland 2d pf. ?54
.. Western Pacific ... 16ft
t Western Pacific pf. 60
4 Wasting E ft M.... 60 9;
.. Whlte Oil Cerp.... 5ft
., Wteklre Spene Stl.. 10
, . Willys Overland ... 6
a94 4-
55 ft 4-
52ft-
127ft-
a j.
2ft
1
K
I "4
H
48
66;-'-
27 i
53 ft
819-14ft-1694-
145 94
78 -
158 4
26ft 80 ft-6ft-67
ft r
86 ft
53 ft 4-969;-
106ft-
120ft
65 -1794-
li
ft
1
1
1
'h
1'i
ft
39
64ft
14ft
10ft
29 ft-
12 4-
111-!-
14ft
25 ft-16ft-60
-h
60 ft-
8ft
10 -
6 -414-
H
ft
ft
ft
H
Wilten & Ce 41 94
8 Woelvvorth F W...?02ft
202
Kx-dlvldetid.,
cow, $rifl. Oslvet no-i Jumbo ExtdiiMen
,SM4y. Tep, $12. KavvunaH
.04
.01!
HOOO h.nil. I.uwrr. Ii'av-1 1.0ns Btar
SflHCL'LLANEOUS
MINING 8T0CKS
TfiN-ePAII MOCK8
Aimurn
Arls United ...
Caledonia . , ,
llrnrna silver .
Jlllllep
Ihireka ("rneau
1 1. ill!. a Helly .
.no
.et
.Alt
.01
.111
.111
Xi
.11
:i
.ir.
,im
,08
lllil
.10
,li.
.07
Asked
.IU
.07
,mi
.en
12
.07
.e
.IS
8.2ft
1.30
.03
.01
.OJ
,e;t
."7
.Oft
.Id
,iM
.04
.02
,7
.05
:?,a
:Ji
:e!l
.12
, ITHl
Marsh . ...
-Mether Lede , ,
Nev Kill
Nevada WetiJer
Huciese
Tecopa Mln ...
V.ilcane
White Cap.1 ...
Wllbert . ,
ii!
u".
fill
07
is
a iuli
i'sji,
0'
"'AI
STOCKS
O0!i
U.S. Certificates and Treasury
Int, Maturing
net?. . Date . nid Asked
in
OS
u.t
,u
.14
.02
.03
:Si
SVi 1)C. ID
Iee., 1D22....100 ...
l)ea., I02:, ,,,100 1008 -
MIU Dee.. 10
t4U Mar.. 1023.
t8 June, lH2.t.
T'fl.
57m: (;'';, ' ,',"x."
1028.
.100
ion 1.1
ma asK' i .: nvi
am-.p 'ivrr1 -.:.". ". i . iw
00
imii iar,, iti'i i
MS S0 11123,,,.
ftf Mar., i2....i
4JJ Hept. 1S..
0IIH 1UD1.
90. 100
1001 Ifil
l.s nepi., lvse... , vvvi vuu
IRvaitiM rrntn F,.1.v.l nm.l iK.
i .!.' ;..'--...' -.--..
tArceptakle for payment of bicenvs
due en dale of maturity. ,
MONIY-LINDINQ RATIt
;;;;:::;:;: ;ie
, ,tn
M YORK- Heney en call, hnik
?f cellsteral, opened today at 0
or lending and renewing.
.04
,V3
asTMDPJreiAC!all. 5 'iff 'Jjt .JJt
t.lfian1.r.li "SB'S,
' VW ' "
' t'vQm
.r.-,.M,i?it..Kirf--e.-i- -
' Vrttltftiia air"t -
Qj
AMTOCAH STORES
cSsV
4.
-H
1
-
i 7
Aimltat Drift In thrOanaral Llit
Baeausa of Holiday
Influaneta
After several weeks of neglect Amer
lean Stores again loomed Inte premt
nence in today's local market, making
ene f the characteristic sensatiena
upward flights of 10 points te 168.
Llke most of the preceding dtmenstrn
tlens the sudden rejurenatlen was en-
heralded and unex;
reel nr nesltlve (.
iBiainabie By any ni
or positive developments. There
was the usual assortment 01 nnnneini
rumors, but It would be a useless waste
of space te recount them within the
comparative brief space afforded this
dsllv review.
The turnover was relatively small, as
the 10-pelnt jump and a subsequent 2
point reaction was accomplished en ap
proximately 600 shares. In ether words,
these who tried te get the stock and
apparently wanted it badly were com
pelled te pay fancy prices, as there was
evidently little of it around. When
tills mere urgent demand was satisfied
the price fell off. The higher price
was within 4 points of the high of the
year and 70 points sbeve the low.
There is little te be raid concerning
the operations in the general list. In the
first place, there wis little done be
cause of tie reluctance of the trading
element te increase ventures ever the
holiday. In the secentl place price rari-
tlnna Anninrlsed ahavinr nf frnrttnns In
- 1
1
'i 8
ft
' I
ft
ft
ft
ft
ft
ft
..
14
ft
K
..
ft
94
..
ft
ft
94
..
6
ft
ft
ft
IK
ft
ft
BHft
either direction Despite the light volume
outstanding and the unsettled cenill- i
tien of the ether markets the tone wn
fairly strong.
Seme ebserveis professed te find evi
dence of accumulation of P. U. T. nt
82. last week's ten price'. Geed ab
sorption of Pennsylvania Railroad was
also noted at 48U. even though the
stock sold fractionally under that quo
tation in the New Yerk market. On
the ether hand, Electric Storage Bat
tery yielded a point, which, however,
was merely n reflection of lower trend
en the Hlg Beard.
The Philadelphia Electric issues and
U. O. I. continued te held ground well.
Lake Superior enjoyed n geed support.
Few odd lets of Elsenllir came out at
70. Lcbmlgh Navigation shaded frac
tionally, 4ft- lft
ft
ft
IK
K
1
ft
ft
ft
IK
l
li
Philadelphia Stocks
1:13 Net
High Lew 1. M. chge.
000 Am Sirs.. 108 153 101 8
JM0 Elee Ster. 05 B5 05
"j in ve - a i
100 Lake Kttp. 03
20 Leh Nav.. 74 4
10 O Kisenl'r 70
4t!8PennuItR 48 "i
000 Penn Trnf a
1821'hlla Ce
cum pf.. 43
144PhiIa Elec 31
IL'4 de pref.. .11
40
40 1
0
74V4
70
48',i
42ty
aivi
3HS
0..
70
48H-.
- 94
- 1ft
43
314..
31?,..
'.V
Tie l'liiia it T n'i
:
32
..
- ft
- 3
- 1ft
20 Phila Trnc 0fl 00 COVj li
2.. Tone Mln. 2Vs 2 2 ,V
J00 UnlenTrac 40Va 40Vi 40? i
310 U O 1. ... 52 51 OlTfi it
pmuDPn,PHi. BONDS
2000 Liberty 2d 4Jh '42 08.00
5000 Liberty 4th 4s '28 00.10
3000 U S Treasury 4V4s '52.. 100. 01
IK
'i
'154
1
K
K
-tKKt Amer uns & Klec 5s. lets 88'.
'.'AM Electric & Pcu 4s... lets. 72
500 Electric & Pee 4s... lets 70
100) Lehigh Vnl gen 4ViS 2003 ItOK
14100 Phllii Electric 1st 0s...ets 100"
20(H) Phila Electric fi,(js IO0M,
4000 Phila Cens 4US '00. . . . 00?.
ANOTHER BREAK IN MARKS
German Currency. Establishes New
Lew at 1 2 Cents Per Hundred
New Yerk, Nev. 0. The disturbing
news regarding the action of the Turk
ish Government in Constantinople und
the uncertainty relntUe te the German
rcpnrntiens negotiations were responsi
ble for a bad break In the market.
Marks fell te an extreme new low
record nt .01V&, a decline of 3-10, and
the following losses from Saturday's
final figures were sustained: Sterling
down 1,8; francs down 13, Helglnr.M
and Swiss down 10. lire down 0, Span
ish down 6, Swedish down 4 and guild
ers down B. Norway nnd Danish were
1 point higher.
K
V
1
- ft
- Ji
- K
4- ft
- ft
- 1ft
- ft
- ft
ft
lft
ft
ft
ft
1;
Merllng cables were 4.4.", demnin
4.'M'j; irnnc cables (1.74 chrclcs
rt.73'4 j Belglat.1 cable e.as, cheeks
0.27V4, lre cables 4.14VJ. checks 4.14;
Swiss cables 18.28, checks 18.25; pu
sctu cables 10.21, checks 15.10fc ; Dan
ish cables 20.15, checks 20.10; Norway
cables 18.20, checks 18.21; Swedish
cables 26.8a, checks 20.70; guilder
cables 80.18, checks 3d, OS; marks
01 73-
Today all the exchanged were closed
in the Dominion' en account of Thanlct.
I'.
1
1
3
.
1ft
ft
il!
ft
ft
"
giving Day. A nominal quotation for
Va.1.' Vnt.lr S.-nrla uiiu .. ,11,..,. ....... . . -. .,.
...... ....... "-" " .. iin.illlt ill l-jlj
per cent. The premium en Cnnntlian
funds in New inrk was 1-J0 per cent.
.SATURDAY'S CLOSING QUOTATIONS
j Jitl' VKS' L1," 'ulldern
4,4BVi O.NRl. 4.11lla la
4.eyj e.87i; 4.20 35:17
Demand
Cables
- 94
4- 3
- S
..
BAR SILVER
tefiy'af'iV'l.lOa? 'W W,h,r '" ,nJ"1
ft
ft
ft
V
1ft
ft
ft
li
ft
ft
DIVIDENDS DECLARED
ATfieiTsak tlaiWflfa' A sarln,A.
eiannst . avs nsnvtn iUU, (lUHrlfJrlV I '
payable Nevvmber 10 tu muU of reveril
..Mill Jfoter remp.ny. nuurtcrlj- 11, i,aj
able December 81 te steck of rcenl Decern
RIDING CLUB OPENED
Four Horsemen at Marple, Near
Media, Equipped for 8perts
ft
.J-I4J;
Mere tlmn 100 ctiuestrlnns anil their
fricnil-t attended the inferiiinl ejienltiir
yesterday of tint Four IIei'SL'ii.fii Itldlnf
t'lul) nt Mnrple, near Meilin. At the
chili, which is nu old farinlieuse re
modeled, there are facilities for riding
tenuis, swimming nnd ether outdoor tic- i
.ed
.u.l
.OH
.02
.04
.09
.07
in men,
The president of the club is Colonel
E. M. Uartlett. Other officers inelude
J. Elmer Watt, llroekline, treasurer,'
nnd Jeseph Decatur, fecretury. Among
tint guests yesterdu were Frank V
lluhler, Charles II. Grakelevv, l.'hnrles
h. Martin, Leuis N. (luhlsmlih, Wll-
am E. Driver, Theuus Plemlng Wll Wll
Hern V, )Velff, (jeergn Noting, Diimnl
eung, Charles li. Uardlcau, AVarreu
Hardicun, Geerge 11. Webcusmltli
Geerge Geed. Dr. O. K. T.tttle, l' ,r"v
Ellis, Dr. William Cook, Itayu.end Eg Eg
glesten', Tex Ramsilell, AValter Fegel
t ' WVfjlV!S,!,,,f' r.V ' ri',l,,k Pelr and
Jcsse M. Diets. Arthur Cuambcrluln is
the riding muster.
EDWARDS' EXPEN8E8$8B50
Trenten, Nev. O.Whlle the titntc
inent of campaign expenditures of (jev.
erner Edwurds, Democratic ciinillHiin,
for United States Senuter, was mail"
tee late for publication Saturdur bv dm
Secretary of State, the HgUreH were
made public here yesterday. Governer
Edwards received In centributtnn
$8224.50 and expended S8300, accord,
ing te the statement. ' "'fl'
5:?J
.OS
.02
l.H?li
,5'J
'X'i
lit
'Xi
.44
.20
..10
.us
.011
Nete
tum
""'
83 iliJl'l
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a a, 117
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te
180
1. 411
48T
4,41
437
-iw
tax
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ser eeat
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te.Sfore'81i 'balVf 5
WAV;' "V' ,
:it, Jr.
l".'.--Wt
JUMPS TEH POKTS
aesssss-aas.-.- -e
jV
ihiiiii I r 11 n I." sinnirt.- awini
X
t ylW
'$'
it it is a ctfse wi
mere money !
k
" than busitfess
MANY businesses are seasenabla
"working capital is net steadily
employed. Most lines of business ex
perience subnormal periods when cash
en hand accumulates, earning little in
terest. Such surplus funds can be invested
in U. S. Certificates of 'Indebtedness
and. Geld Notes te earn from about
3.75 te 4.45. Maturities from a few
weeks te four years are available.
These U.S. Government securities
are readily saleable and are nowobtain newobtain nowebtain
able at lower price levels than have pre
vailed for many months.
If held by banks or corporations, ,
these securities are entirely tax-exempt
and, ii held by individuals,
they are exempt from Nermal
Federal Income Tax.
WE BUY SELL QUOTE
in. any amounts
WsMerwrka
for Informs-
iIm or quota-
tleas
HALSEY, STUART & CO.
INCONPONATttD
209 S. La SaJle St, Chicaf e
CHICAGO
DETROIT
NEW YORK
MILWAUKBB
BOSTON ,
ST. LOUIS
Wa have) opened an
office), la r
Commonwealth Trust Building
Harrisburg
Pennsylvania
Paul W. Gerdes
' Representative
' Telephones
Bell Telephone t Harrisburg 69S6
Cumberland Valley t Harrisburg 2362
Biddle & Henry
104 Seuth Fifth Street
Philadelphia
$100,000
Kh "M DIVIDEND H
SS Wl'eBllar. ulR Frem tnc earnings of the past Wjjm
lzw?K SSflHIessK fm Hi'N n,entlls. the Directors have fiM .
tlM ifflnlfa: ra lcclarcd a dividend of Ten KM
avKV. . 9RaTasielaT ' .A Tnllnvs nm ulmt. nnnlila XTn. traesl
e r urn .saiTi siii t't.ia :. :,-. r; .""w :: n.i'v "-: &mm
blv ssKftflBleaV r A tIllucr (III 10 SCOCKnelUOt'S OI WSffik
lvV niBA fjfi record November Cth, free- of Wm.
Rl) wKmwfM ,state tax vm
HsKm mtM 'Wfc Futurc dividends will be paid WTr,
bBSvaCIi Mi Quarterly: February, May, g
IwttWT JHsW vTl August and November. Wfflk
i .wtS th Cep0) si,oeo,ooo wmi
.ll)iH VfiSm J' 'A Surplus 2,500,000 Wm
SAlHVu, EaSOk fyJl Undivided Profits . .. 350,000 MM
NWl '' fafflTlll fj& Reserves 200.000 VJ& ,
$ MllllfV 4 Resources 20,500,000 Wmi
fygM PENN I
X. vfK$6&$n$ NATIONAL BANK 0
i iMeWWKiL&ASM. "Alivnve rnmrnerelnl" &
1 sV agaljBssssssmisBTsEessTi . eT AjLtlJ, S ' ". SkjraX --i-.s wwaieeaee we, . X'jfj
BSBVeTaBBnrVS 7 eTV' i VSRV V2r
esnsf.ssns3insu..s.jsu.j ' li .,....,.. . u.. ..,. t
FBrJess1Bn?fJ?-rrl-ttt;i. riM &,
JE'T I'mIi n"'ff i ""tBil-.,'' I , --1 siiinwijjii i
mmimtaam -a T- un . - j. n .'. 11..1 u. nrirn.u ir m
assssssssWllKLj 'n.ian-rr- i&KWtm&railWSlr -a-eiastPX;eg JJiter'a
lieeBssnEivi"--;SSVffi?VtlfH Tr3iMBim&2&'!SZk
aajMiaJMBMsSSyssWa IWUsKMa' HfK. .-ei MTI ' -flSKJI?!
miMfMiiffim in " ifi ji' nap nm,?,,!
( - -
immmmga Mvbmwm muiiu iiiilwi; iumiH!iiu!iniiini!ii i iijiiiiiiiii!iiibii'
III W I j Lembard GS21
ciMiKMiisi 'ml mil I I
V Tl Vl 1 0
LONG ISLAND R. R. CO. DEBENTURE 5's. Due 1937
(Controlled bu the Pennsylvania Railroad)
The estimated valuation of the property is 96 in excess
of the total funded debt, while the company is earning for
the current year the rate of ever I Yi times total interest
requirements,
During the decade from 1910 te 1920 the pnsetiHer den
ity increased 141'" nnd .the gross earning ever I009f.
The rapid development of the territory through which it
eperntea should bnn8 continued increnses i the business
done i ever its lines, m addition te which the supervision of
the Pennsylvania Railroad in its management assures the
utmost in efficiency of operation.
PRICE i MARKET. TO NET 6.62
BATTLES & CO.
Established jbse
Independtnc. Square (East), Philadelphia
imiu.ium.L.,1,..--,
9
u. - ik nreLM:Li-
jfcjsjstf V'jft' iriW t- r f 7M1 - -f' 'lA'iii y.isfi't'i' itM
-iW
m
y
m
PHILADELPHIA
MINNBAPOLIS
4.'
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