p.,im
nvmnr ub lUMMBiwiwwn gic
KSBEPSSIHPlWr- wPf . : "TSMWSKr? .r w"
PWm'.-X . w JUi U11X1U X VIJUUJ.V
ff!rj ' r
if Pw e, m . Tnx CURB LIST FIRM; L
J! Bxmpt r. am i inyiur ill PpniP
'.i sat nu nil in
m
r I
TmtKtxT; mvmam
, ,,? i .'. ? "'i .A'' "V
LEDGER-PHIUABLPHIA
Mahaney Township
Schuylkill County, Pennsylvania
5 Scheel District Bends
Dated April 1. 1922
Due Serially October 1, 1924-41
Legality approved by Messrs. Townsenri, Klllett & Munson
V Prices te Yield About 4.20
IRwlmenfl &Ca.
U'J7 Walnut Street, Philadelphia
New Yerk Baltimore Pittibures Wsibineten
Members New Yerk, Philadelphia and Plttibureli Mtn. k Ktchinies
NEW YORK BOND TRANSACTIONS
Schulte Cigar Gains Nearly 3
Points Standard Oil of
Kansas Erratic
IS
R
ppjnimjiinimniQr
THE STONE PLAN
Of Investment Service
g
a
e
i
i
5
e
a
In Over Sis Years, Net One of Thousands of Client
Hat Ever Lest a Dellar of Principal or Dividend
Through Investment in
Stene Safeguarded Securities
V recemitu'iul te Our client enlj Carefully Selected
TrcfeireU Stecl. Isue3 of lNtabtlvhetl !ndutrlal Concerns
In the Philadelphia District DealrlnR Capital Tunis
lCxclusHrl for I'tpans-lun rurpne..
STONE 4-POINT SECURITY SERVICE
1 Snfetj of Principal Mnnnteil by Stene Engineer.
2 nret of Oltlcleml Guurntiteed by ntnlillitlne; Pnnd.
3 Qillii. ntnertlblllt Heinle it t'ur t'pen Request.
I Profit MuirlnR- Retired n l'rrmlum with Accrued Dividend.
and One-llutirter hire of Common Stock Fer Kadi Mi a re
of Preferred.
Under tlm Protective Features of the Stene Plan, V
,r Vew Recommending te Our Clients the S Preferred
t'umuliitlve. Participating Stock of
The Sanitary Company of America
Net naming Mere Than Three Times Dividend Requirements.
Wr tc or all for Full Information, Without Obligation
H. A. STONE & COMPANY
Widener Building, Philadelphia
Spruce 7 133-4
New Yerk. Nev. 0. Tlie curb mnr
ki't developed n firmer tone after the
epetiiiifr, with trading nctlve In sputr.
Durent Moter moved up , Olen Aide.
1 point, National nisetilt up !i. It. II.
Mary meimt up nearly 2 points. Seliulte
Clgnr Stores nearly a points and Muy
Department Htnrw new rose '.
Oti'f (111 wns up a hhnrp fraction.
Mninnietli. after early firninesx. shaded
off. Standard Oil of Ktui&ns flitetttnted
at a range of 11 points in either dlree dlree
tien. Indinnn, after meWng.up Vi,
en-fed oft. Ohie Oil advanced 4 points.
IMK'STRIAUS
102.7
101. 8
let. an
ion no
100.54
102.00
101.78
101.40
101.09
ion.se
let. oe
loe.sfl
101. H
101.112
100 OX
10O00
ttff
Oct.. 10, '28
Oct.. 19. '23
July 23. '22
July 24. '23
Julv 28. '23
jsij Wi
July 33. '33
July 24. '23
Julv 24. '22
Julv 28. '22
July 2.1, '23
Ju v 2.1, '22
Julv 27. '23
Julv 2f1. '22
May 10. '23
Apr. 8. '23
Bines, ruts
ef ttsu
Data,
I.OW
oe.vv 4une
ejijj 'Jut"
M0 May
f9-9 ?una
e ue May 2
"4.00 Jul? a
1.40 May i
rww wc, 4
nn.ne naw
May
k.i
3 40
2 44
BZ.nn
H4.70
04.08
2 'fit
II 'SI
10. '20
10, '20
20. '20
31. '20
.5- I
in. A
24. 20
10. 20
20. 'se
20. '20
20, '20
21, '20
LIBERTY BOND AND VICTORY NOTM
Rant.'
man.
tf
103.03
102.70
101. M
101.30
oe.an
oi.eo
100 flO
101. en
oe.an
ei. se
01.02
loot's
100.00
'13
1.01T,
04.84
94. J J
94.70
97.80
n'.M
m oe
OA.OO
SA.ftA
1"!
flrt.74
OX. 70
en
nv;
100.03
99.84
. 1BM.ST.
:".' ir - m..
Gny ini,
. rty 1st r
ilbsrtv HUs.
rty a Ha.
1:80
u
bartv
bartv
btrty
barty
bsrtv
bertv
ilbartv
irfsfti
a a m
-H&
wavnwir
2d 4a.
tat 3d
1st cv
lat ev
brtr
berty is 4
IVT1
aa.
4 a.
vhvm:'.'.:::'.:
. .-mr . - -...--.-.-
:..4H.
cy.4'
latsrsd.
H
l
nil
SV.4HS. 192T42.
. 1982.41
ivai . .
aiaierea.
Ljbtrly 2d iev 4Ua, rlUred
i.iDerty ma na. idzb.
f.lbertv 4th 4H , i0M-an
I.iberty 4t
yiciery
Victory
raclitarad
lM-an.,
tn9U.9S
raciatared
98.60
'.66
'.03
n.in
100.89
2
W.ii
08. te
8.83
OB'.ai
08.7
100 84
biied
bV.sA
b's'.As
08.70
100.86
000 Actn, Ceal
Amai i
4(10
2U0 ukisn
uddy
rather .
Cltv n..
iiuua
ItUh
OJe
If.
1
(10c
2
. 1.1't
.2114
. All
. 10
. 8V
I.er
Xe
1-'
1VIHI II..
400 ('cut Terea due!!.'
li'O Oh I SIvbU .......
iu lewianu AUle ..
14110 t'elumbU Emerald
1700 font Meters
Km Cuban Dem 8u ,
tloe Durant Muter ....
ion uurani .m or ind.
20 Ulllctte fl U
Coe dim Alden Ceal .
loeUuodjear Tire ..
.100 Hurts Wheel
I7HO Arneld Cnnntabla.
loe Fidelity . l'heenis .101
Kill Halnn Knlttlnv A'. 1
IIHI t.urey MfK
4eu Mnya Dpt Htercs. 0r'4
Olie Mac Ce fl2
740(1 Nat Blirull 80S
ion Mercer Met. v t c. 'J'
40ii Uenht Iren It
7.. N V Tel pref . ...lliiN
l'()l'ntk Metur nrnf.. 031
i.iki I'liuin aierria . . .
211(11) Itmlle com
41'0 Itiidle eref
inn lt-e Moter Truck.
3(1(1 Schulte Stores . .
S(ii)i) Houth C &
'jens'tnnd Moter
t(K S (ft jnt
2'jii Tnn KI Pwr
T'l
1-".
Hie Tenn KI
II)
fi
42
nt
21
1A
r 2d pf 44
tee ToKiece Pred
7"'i 1 1 I, s n
let P S h ft H tiref .,
ion l"n Het Cand . .
tsfin IVajne I'jal .
l.tnii Went End Chem.,
Ten New rktlen . .
.'icii I'rlmn nndlu . . ,
toeTI'iikfii Uet Axle.,
:'ii PnHi r Leaf Teb.
VCti lnthr Mtrji . . .
gggU7J5l5
at VeaLaa 18iaanJ
BB ' SI
sy fMaBpaa Et
14
Curious Ears
itft'i- overhear your important
hustnexs cwersat tens if your
phone in Hush-a-phenc (quipped.
CnV Locust 305 and our rcprc rcprc
j"ife(:''r Mi demonstrate this
uecasivy office help.
Hush-a-Phene Agency
Abbet Bldg., 201 North Bread St.
h
is
I'.
K
fllr
74
if,
81
120
10T
STA'DAJU Olt.1
?i0 Anle-Am Oil . . . 20H
,M (Uiciui Klmal .. . f5H,
ID lmrerlnl Oil Can.. 1 IKS
litllllnei Pi 17S
XA Indiana Plpe 98
.Oiitile Oil 30.
K0 P O 11 Nat Trail 2"
l 1 Prilrl Plpi 2!t
:. el s oil fit Ks lln
ei) s (HI of tnd .. .122l
"il .-! nil of NY.. .R8J
i: of. en of n y wi.. 4i4
te Ccuum Oil 07it
1 1 O Vaiuum Oil wl... 42i
.no S Oil of Calif M.. 2'i
l'tf. . CHI of Knaa...M
200) s en of . j wi.. 4n
1.
2
f7c
134
2.14
M
in
3"
21 H
101
is
tl
fi'.
IB
'JSi.
10
44
H4
41
41
34
21
in
44
s
.8
04e
74
14
SI
1 1 ',
(i
1 00
P. M.
Ae
lh
t
4
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60e
11
8
C2
iMi
2A4
AA
10
84
21V
101
IN
II
rt.Vi
til 4
"S
24
Hi's
linii
iu
in
4'i
8A
114
M
4.'
34
21
1.1
41
.1.
.
sis
6e
"
H
1104
104
U0S
r
204
.4U
114 111
171
07
3d
VOD
imi'a
12114
Xne
414
014
C-i
4J4
173
074
SOS
25
no
1224
404
07C
424
A2;
0.10
42H
Service and Stability
System
Accuiate accounting is
the backbone of estate
administration. trut
company keep etute
records with the r-ame
accuracy that it acceids
te bunking operations.
By appointing a Trust
Company your executer
and trustee, aery su'e.
guard provided by that
hiyhly developed organ
ization will be utilized in
the protection of y.mr
estate.
Integrity
Trust Company
Fourth and Crecn Street
Capital
Surplus
and Profit
. $500,000
.$1,900,000
High Grade
Public Utility ;
Preferred Stock
Yielding $
We offer at $100 per share a
limited amount of the Preferred ,
Stock of a well-known Lighting
Company operating in Greater
New Yerk. This prosperous i
Public Utility for the 12 months '
ending August 31, 1922, earned
the dividend en this Meck mere
than three times. This security j
in our opinion is sound and '
should appreciate in value. '
Circular en Request
J.K.Rice,Jr.&Ce.
INDEPENDENT
100 Mean
f nei) lleene OI'
ine) noiten emlmr.
aniiiaru tmr ....
121 Cltlei Snlc .
2ne ntlna Fan pref.
1'0 Columbia Pete ..
3"n) i:nln petrel . .
:oepWal oil ....
:) (llenreek cii .. ..
moil flranad.i M . ..
3H0O Hulann O'l
200(1 Int Peirel . ..
100 Klrby Pfle
tee c tle f.er H pf
200 (lulf Oil Penn...
10 Humble Oil
lTIMiirnnlla . ...
200 Mammoth
loe Tea Knriiia . ,
Sfie t.l tntaten Pet .
ine Mararalbn ull . .
i"ie .unriann ilex
inn Iterrltt (HI
1'in Meilte oil ....
neon it.dvent Tevn . . .
inn MenntHlr Prel
71X10 Mutual Kef
'.'HO New nnsrUnd Puel
isiiiu iimer en
:ion Penne-k oil
loe silt i reek Pred
140(1 Sibeap
ine Shell L'nlen iv I .
7'ne Mnimi Pet
1200 ciut'.iern StnteB Oil
JnOn-'eVTi, Oil.
lOOTurmnn
liii ii Vpt rn r-ta'.wO . .
300 Wllmx Oil
loeo Woodburn
0113
Oe
1
44
200
. 70H
. 70c
. 20c
. 8.1e
:
,2S
. 214
. 4'i
. 04
. AO
.248
.249
. 484
. 80
14
. 18
. A'i
8
. 14
, . 31e
. 10.
124
l. en
S
24
124
124
14'i
4V
14
;,.
.14
1.V
PC
1
4 4
ion
70S
70e
20e
fir
:
12e
'-'
44
4
."
241
24
424
421
1
1
.14
74
14
2.
10'.
?
0
v
:
2
12 4
114
174
4i"
14
2V.
14
k-3
9c
1
)
"01
704
7V-
20r
5c
1A
24
J'-s'
214
44
4
A9
241
24
42 S
42e
1
1
an
H
14
20 c
10
124
774
1 0(1
14
5'.
1.4
114
174
4.V
14
;r
S4
15e
Anten Jern
U Mart W Os
8 77
Ara Hep'e 7s
5.... 1004
3.... 1004
Id.... 1004
4.... 100S
1.... 1004
1.,.. 1004
City Herd's Os
2 774
City of ChrlS'
tlans 8s
1 ... 108
City of Copen'
haeen 84 s
0 80S
3 804
1. ... 804
1 804
City Greater
Prerus 84 s
4 73
l(sla) 7.1
4 744
J 744
8.... 74
City ef Mente
video 7s
l ... 014
Cty Kle de Ju-
n-rle Ss
1 .07
1. .. 064
Cty nie da Ja-
nerle ct 8a
1.. .074
1 04
8 . . 07'i
2.. .. 07
A .. 07
Clt cf Sels-
jeni u
3 . 77
1 7iS
4 74
fl. 704
Cltr Zurich S
12 109
Cfeeho-Slevak
Rep e 8s I
2. 01
Denmark Cen
ct H fs
3 1074
: 1074
S(ail 1074
Dept Selns 7s
14
3.
4 . .
r,
(1 .
(fli'l
5 .. .
r,
De Can 3 .w
1 1004
1.. . 100
De Can Ss '31
: . .. es1
De Can Ba 'A3
0.. 081.
1-1. 08'.
2 . din
Dutch E Ind's
rets 0s '47
4. . 044
4 044
1. . 044
1 944
Dutch U Ind's
rets 8s '83
7. ... 044
1 P44
ISALKS IN 110001
FOREIGN BONDS)
I....
T....
n....
i....
A....
13..
04 U
944
944
944
94 4
944
Of 4
944
Frem'n Indus!
Dev 74s
1 804
894
1 894
4 89
Oeve't French
R 74s rets
.1. i
10.!
1.,
1.
n
t i
i.,
i.,
4.,
3.,
2.,
Gevs' t
944
944
944
94
944
044
044
944
044
944
French
Hepublla 8s
1.
8....
10....
2....
4
10....
1....
0...
1....
tetland
I.lne 8a
1
8
O(aale)
1
984
98
984
98
984
084
984
08
984
AID'S
88 4
804
864
8fl
84
K3 4
14
14
M
M
S3 4
Ktnfdem Ner
way ct la
8.... 1104
1.... 110
2(flat) 110
fl(sale) 110
Parts-Lyens M
nall'y
0...,
8....
1....
1....
B....
1....
1.
8..
8..
1..
1..
3..
8.
Jap Oeven't 4s
10 704
A 794
Jap Govern' t
1st 44s
A. ... 934
K n-lclum 8s
2 904
K BeJrm 7 4
1 1004
1.... loe.
s.... 101
K Belgium 8
3.... 101
B.... 101
1.... lOlVi
Klncdem Dan-
mark 8s
0 984
2 07
2 98.
7aal?) 98.
2 094
1 084
4(aate) 994
Klncdem Den
mark ct 81
1.... 108
K Italy 64
1 98
K of Netbsr
Isnds 6s l
2 9SH
1 9SH
10 0A4
10 9Ai,
1 0A
Klncdem Ner
wsy 0s wl
2 100
5 1004
2.
71
Tl
71
71
704
70H
71
70V
Queensland 7a
1.... 1074s
1.... 1074
7(sale) 1074
Rspublle Beli
via sa
... 94
... 944
.1. 944
... 944
... 04H
... 944
R Chlis 8 '25
I.... 1014
7(sale) 1014
R Chlle ba '41
2.... 1084
8.... 1094
A.... 103
3.... 104
17.... 104
R Chile 9 '40
7.... 1034
2.... 1034
tep of Haiti
6a wl
36 064
IS 084
14 964
tl K Crt Brit
A I 64 a '29
37.... '1004
6.... 1094
8.... 1094
7(aal) 1004
:(flat 100
6(sate) 100
A.... 1004
1.... 1004
l(enle) 1004
2tfUt) 1004
1.... 1004
10.... 1004
V K Ct Drlt
ft t 84 s '37
PlMBsa 4000 te 4010 Jehn
MWsllbL. N.Y.
pi
K
I"
IV l
-
.'V
A
WHOLESALERS
Bankers and investment
houses are invited te use
our service when desiring
te buy or sell any Govern
ment Leans.
"A Nationwide Market"
COMMERCIAL
TRUST COMPANY
Member Fcdt rst Rmrvt Svttcm
City Hall Square
BROOKE, STOKES & CO.
Investment
Securities
Philadelphia
Washington Baltimore
The Course of
Bend Prices
THE recent action of the
bend market and the un
certainty of the movement of
prices lias left many investors
in doubt of the general trend.
Te kfcp our clients advised
of t Jit present course of bend
prices c have covered the
subject in our latest Weekly
Review.
Evrry bondholder, institution
ami investment banker will be
interested in our views. I'se
identifying number U91 in ask
ing for free copy. '
Meedy's Invlsters Service
JOHV MOODY. Pr..J.. I
I. '-'4 Keal Kstate Trust Hide;., !
Phila, Pa.
New Vur't lloaten Chlciiii J.es Anselea
IIININti
IO00 ,m Cem . . .
lO'i m Hr ei
lenfi HHche- l.rt
11.(1(1 Pest A Mmt
000 Cnnarle Copper
lii'iii C.inl!arla Mln .
2"('i Conn Cep Mln .
Boe Certez SIKeir
r.fle Crrann Held .
loeo 111 taliadir - -
llnefi Kmma Mlier . . .
120(10 '.'jrelia Crcrsu
2010 Harirtl P
.mi ll'-c a MlnlnB
pi" II llmrr
2 i00 In li rend Lead . .
.1000 I Mar . . .
1O0O 1 r' Prev
400 1 ntl Mln-"
,0 ) l'f hi c inn . . .
1 liiiej c,i)ij Iey
Ade Henrietta . . .
1 :.(!() . X Porcupine . .
imiubv Rtnd . .
30011 11 Mln Amer .
1 (i( 0 M.ii.Nin .'ri ent
'.De 1 Mareb Mln . .
U1011 Vnhlcrn
Ilofie Nat Tin
2000 Nevada Ophlr ....
loeo Ohie Copper
i(()Kay Herrulea . .
loeo silr Pick ....
oe He Am 1' a
inoe s-enrhead . ...
1000 Secc Mln . , . . .
inoe Tonenih Caah Hey,
KOOTunepah inilda ...
Toe Tonopah Kxt . .
100 Tonopah Mln . .
ineii Twdumn
SiteO t'nltsd Kaitern .
j(h Pnlteil Vards .-
;oe0 Went End Cin . .
1000 White Caps
nens
Kine Allied Pucker 0i 7
join) Am as ft KI'C p 100
?iilie 1 Am i;niiun u "-
4',
)'
24
He
1
(ir
"'
124
I".
7"
,'.V
4IH
1c
lo'e
19"
21e
Klc
3S
44
I1?
3t
lr
20
ti.-
H4
124
2e
e
'.0--
-
7f0
0-
40c
He
liV
in,.
VI.
Kir
44-14
24
7v-
24
8.1
V
14
2 4
.V
4
124
2y
(l:
'.()
.4
70"
De
71.-
r.v
40.
i:
"1
10,-
It'
210
pie
1.... i:
3.... 1024
I 10:4
II 8 Brasll 7s
A A4
8 R'l
1 8.14
6 864
Un'd Braill
74s rets
17 88H
10 84
4 684
IT 884
9 88.
1 R8,
U 8 Ilraill 6s
2 984
R P9
20 PS
A 98
Un'd S Brazil
Lane 74 s
8 684
1004 U 8 Btsam a
. .. Ce Cep ct Ss
... I 1 0:4
Chi T Mauts ft
HEM
2 884
Chlcste Wa
Indiana is
1 7
C A W I 74 s
1.... 10:4
CI'd Cln Chi a
Ht L 4s .
10 014
CI'd Cln Chi ft
fit Leuie as
16.... 1014
3.... 1014
Clavel'd Union
Ter'l B4s
1.... 108
Columbia O ft
V 1st sfd
1 08
Cemp'c Tb ft
Rscerd'c Re
1 974
Cuba l" 8ui
8s sts'd
1 884
1 8SS
1 884
Cubs BMi
1 88
Del ft Hud 7
1.... 1004
4.... 109
Den ft R O fl
6 BO
Cn ft R O 4-
8 7(14
7. ... 764
Derry Cerp 7
1 904
2 004
A... . 994
2.... 904
Dee Mnlnes ft
Ft Dri 4a
1.. . 584
Det Edl Cs '31
A 984
Det Edl Ss '40
2... . 004
8... . 904
Det Tun'l 44s
3 ... 834
Det U R 44
1 . . . 83 '
3 .... 834
Dlatll Securlt
Cerp'n Ba
I. .51
Distillers Sec
Cerp 8s
A. .. 1124
A.... 112
D de Nemeuri
Pwdr 74"
I.... 1084
: .. 1084
Dun Light Of
1. . 1024
Eatteen Cubs
Sucar 74 s
4 944
Empire ds ft
Fuel 74s
1 684
Hudsen A Man
In U Ss
S 004
2...., 601
1.... 61
Ills Csn'l 84 s
8.... 1004
4.... 1004
lltss csn'l 64s
1.... 1084
Ills Steal 44
1 01
Indt's, Steel A
B.... 100H
8.... 1004a
titerbore Mat
44s
1 114
imsroero msi
ct 44s
S 184
tntsrbore Mst
ct 44 s st'd
9 184
tntsrbore Hap
Tran m es
6..
2
13
11
13
2
1
10
10
10
A
TBU
78
78
78
Tfl
764
784
764
784
754
784
7B4
76
Rar
DOMESTIC BONDS
J 5 Govern' t
ilia of M2
ir.l us
40
AA..
14..
4..
10..
91 00
no 90
09 en
90 04
90
99 9
Ala Mid As
2 ... 904
Alsaka Geld
jtlns cv B
2 9
tmerlean Agrl
Chem 74 a
1 103S
An,-n Hmclt ft
Refs Sa I
1 . .. 034
1 . 934
1. . . 034
4 934
American Sun
Hnl'ilne fla
in"i
1024
1024
1034
1024
1(124
ft Tel
14 4',
4lle
l.'c
;e
34
2A
42c
HI
204
20110 Am LlKht T Oh v.
loeo Am Ren P.ri;llRj
ns4
100.
u
10OO Am 'lei '),. -i, '"
Idei) Anecunut "v ," -
inoe Aneindu 1; . ',;,
S1100 Armour n . I'il4
lioeo lleth htctl 7 VI 10.iV.
loeiiCan Nut ID M Ti.l1J4
KiOU Cent Mt-el 8 107
soeo ch.ir Iren y I'l1
1000 Cltlei .erv .- II. IV
1000 Pities ""rv 1- 1 'i.li
f.iloe Cen Has llalt .V, 99'j
inoe Conn 'JftH IJu te m 1U7
Mioni'eii' Oas llnliu Hi 1014
moo c iinr i.x i". - "
r
l,
.'j(l5
Five Year Geld Nete
Te Yield Over Six Per Cent.
cured by
wn
direct innrtiuse mi all
liullll Cf leminiill atncU nt
tblUlicd al i-ninpanr. Mlnen enea
rsieu in -nnjiieiii auu "i
. Detail, from Cvuihiu dlrscr
Mr
New Orleans Public
Service, Inc.
let & Ref. 5s
Due Oct., 1952
90 & Int. te Yield 5.70 rc
Tax Refund in Penna,
Free of 2 Nermal Federal
Income Tax
Circular en nen,u
Townsend Whelen &. Ce.
80S ChasteMit St
Members N, V. PMtel Bleck Bxthanate
II
11
40OD rjjiiper I1P V
IOHIII ,.llt nu - '
2000 Or Tr 04"
loeouulf oil is
41100 Oulf oil i
1IIUO0 Hneil Rub .i
17000 Int P. f "h itfi
1O0O linn '. ".
jenO Lai le'lc 0 ,h
2000 Lib Mi N L It
4000 t'udahi 7
"(loe I).t i'y Sh il"
AAlin Hdrul hie-!
1000 lndl (Iwi "nr .11
l'jone lle Par (1 D.
l.'.MO N V N II II
l.-.OOO Pub S V .1 in
1100(1 htii-ff I iimn II -21)00
cm ri lt" i :'1
Aenil Seln i ' ' I; M
lliinO !-mi(li P"I1 "i
Sjeiiii s e V V (1'ji
MOOII Sun OH 7"
30OO Swift ( ii 7b III
1000 Pn Oil C'l d"
inr.il 1'i.i.iiuni (111 ,h
r-- . ........ ... u... i r.u
20IK) wickwii" ni'e ' y ''
17(100 Sub Hintm or In Iik's
3JO0O SiMft . Ce .', 944
liieu Wayni Penl It i!4
I'ORP.K.N nOMH
20OOO Arirrnilte " 10"
M,l. Knitf NMllr f . K"'
SOOO ilJ of Her 1
20000 NY NP .'. II f 7a '.
70110 rivll.e (,( .141. 101
2O0O P H M'lt . i4
Reserve Banks' Discount
Official ri-.'lxieunt r.itta at the twelve I'ed
,rnl unnerve imnna lire a ioiiems
IMS
KM1.
Kin,
("i 4
ei
fi'i',
OUS
lid
1014
10 14
mi 1;
100
lit
1e
i'i.
l
PIJ .
loe
101
in1.
I(J'
HUN
let 1 j
4111.",
101
in-
4i.
IJc 0-c
3 A
IS
204
I,'.
12;
74
100
1)14
l'in4
01
101',
1004
103
1044
101 i
1104
107
fi',.
132
81
Oflij
107
1014
10.'
10.14
104
101 '.
nil 4
10 v;
i'i'.
MP,
rei
1014
mi ij
1'14
led.
Ill
ll'lf.
II'. 1.
M
10.",
loe 4
mi'.
41-1.V
14
2.14
1 A
12c
73
inn
H44
1"01.
'1 1
10 i'i
100
m
'Vi
P114
1104
P7
fin',
11:
in",
tm 4
107
1014
10J
PUS
1044
1014
Oil',
10 l
tins
904
tut
1014
1014
lop,
ion',
ui
nu',
en
M
11124
mm,
nip,
iev;
102,
iiiis
inn.
1024
10143
1074
s
IK
H4,
71'!
Halt ft Ohie S
W'n 84s
10... . 0
U ft O Tfl 4s
1 674
arnsdall e.
Cerp A 6s
1.... 10.14
1.... le.iv
S.... 1054
Barnsdall Oil
Cerp B 6s
8.... 1034
Bavulc Bres en
2 73
ell Tflepnens
of P 7a
1 1.. . 108'
Beth Steel lata
1 09'.
lleth 3' I fd As
I. -.94 4
1 etnte'm BlBcl
as of '36
. . .9.1
2.. 91
.ih 8:e '
7.. . 994
3. .. 994
3... . 994
1 . . 994
Br'r Hill Stesi
Ce S'.s wl
2.. . 100
10 100
Bkn r.al C A
9 . 974
2. ... 07!i
1 ..07
1. ... 07
tlkn Edi'n Os
1. . 1004
fl-An Kdl V 7s
I ... 1074
Dkn Rap T 7s
2 .. 93
.... 014
H Rap T ct 7s
10... . 004
Bkn Rsp Tran
ct 7s st'd
10 . .. 874
Broett'n Unl.a
On, 1st
1. .. 9H4
2;,' nuffale Roe-Vr
SJil Pitt 44..
02,
Ctl Pselfie 1st
18 87
Cere de Pas'e
CedT 8s
1.... 182
10.... 1224
7.... 1234
8.... 123
C ft O cv 4s
A.
20..
a 4
2..
10..
A..
25.
1.
7..
8..
lfl'.i
1..
1..
3..
A
Merris ft Cem
pany 4 a
1 894
New Knffd Tsl
TSl co os
!.... 09
B 084
2 98
N Or ft T 4s
1 T9
New Or Tst ft
Mexico 8s
1 774
II 77
N T Ct'J 84 s
3 764
N T Cent' I 4s
1 904
N T Ct'l en 4s
8 834
N T Ct'l 441
1 87
1 87
1 87
2 86.
lA(aale) 88
3(sale) 65
N T Cent' I 6s
0.1
98
944
9.1
9.14
PA 4
934
95
934
Erta Osnl I."
3..
1..
21..
1.
464
404
404
47
474
47',
474
474
474
474
474
4T4
i '
Erie n est 7a
A 964
Erls RHcvb
1
1
3
1 .
I.. .
a
An Tel
Cll 49
1 014
A Tel L Tel 5
2 . 07
1 . 07
1 974
A Tel & Tel 'i
2.. . 1174
1 . 117
2 . 1174
4 117
Am Writ P lis
:... . 4
1 M4
Ann Arber 4
(1. . 07
armeur 44 a
. 904!
Atch Tep ft -i
Pa 4 s
1 84
2 .... 88,
4 . . . .
1 .. . 894
"c.n4 ri" "bu Terminal
S . . 814
2 .. 814
A Tranaoenti'tl
Short L 4a
1
884
684
O cv 3s
.. 9.1
. . 934
.. 0.V
.. 964
. . 934
Chi ft Alt 34
2 804
6. .. 804
Chicago ft E n
Ilia 8s 'SI
2. .. . 82 1
Chi Mil ft St
Psul 84 a
2... . 044
Chicago Mil ft
St P 4s '23
3... . 834
'hi Mil ft St
Pul 4s '31
3. .. 02
Chlcaae Mil ft
SIP cv 44s
10 69
Chlcase Mil ft
StP fd 44
1 044
10 4'i
10(aale) 014
Chicago Mil ft
Bt P cv Se
3 74
1 71
Chlcase ft Nth
West'n 7s
2.... 1074
Chi Reck I ft
Faclfle ra f
2 89
814
83 4
814
834
834
2.
1..
3..
Erls
6..
9..
64..
6..
I..
474
. 47 4
. 47
Ce 4a
. A9
. A74
. A9 4
. f84
59
Klak Rub'r Ce
Bs rets
2.... 105
10.1
ft j
79
77
Sue
., , -miiiiy
Ws is, Ire " "'
A..
8..
3
1
llalt
.1
11 SS
1 914
ltifh Ter'l 61
3. .. Hi
Bus
9H4l " V'7
(flail PSS.KIfO-wll I
,2a." 1. . 1034
A n 11. . l ane nii,i
94 .
t05.
9.
Chlcase Union
Kta ct 04
10..., 113
8. .. US
Chile Cep Hs
974
Chile Cep'r Ts
ynlp Ltd 7s
llalt .V Ohlj 4a ' "
1 H2 Cansd'n Nthn
n ft O cv 4a 4s rets
5 . S14 1.... 1124
I'a.t t, Uhle M 1. . 112
1 . R14 Canadl'n N 7s
Ilait ft Ohie Ha! 1. .. 113
I . , 100.' 4 1134
7. , . 100 4Cana'n Par .
5. .. 1001. (I (flail 79
4 (flat) 60
1..
13..
8..
1..
IB..
3..
8..
r...
10..
Fend J
44s
1....
1
Francisce
74 s cv
5.... 10!
Qene'l Elee Ss
5.. . 1024
Qene'l nice 0s
3.. . 10.1
2 ... 105
Ooednrh 11 Hi
ll'as icta
I.. 1014
A(aale) 101 .
18.... 1014
10 ... 1014
2.. 1014
1.... 1014
Ooedvenr Tire
ft Uub'r '31
1 984
.... PC
1. . . P9
1 984
1 . . 09
Onedsehr 'lire
ft Itub'r '41
1.... 11.1'i
2. . 110
'.'.... 1154
Or U Trunk of
Can 6a rcta
2.. . 103
1 . . 10-1
Or a Trunk of
Canada
l(sale)
tntsrbore
Trsn fd ct
6 74
6 T5
3 78
10 7A
1 784
tntsrbore lisp
Tran 6s wl
C 794
tntsrbore Rsp
s il
6 07
4 07
Inter') Cement
Cerp'n 8s
8.... 109
8.... 109
Intr'l A Oreal
N'n Rj 6s wl
4 524
f M Marina f
4 00
1.... 904
Int' I Pap b Sa
1 874
4 67
1 874
a 67
1 874
Julius Kayser
ft Ce 7s rets
1.... 106
1.... 106
(Can C ft B 9
1 70
Kelly Sprltic'd
Tlrs 8s
1.... 108
1.... 107
Lacks'. Steel
6s of 'S3
1 09
Lscka's, Steel
Ss et '60
1 914
Laks Shere M
S'n 4s '81
8 03
I, ft Myers Sa
3 97
lid R Sa '97
3 84?.
3 85
Leuis ft Nash
ville 54a
1.... 1034
10.... 103
3.... 10S4
Le ft Nash 7s
1.... 108
a ft N W Ss
1 774
1 774
2 77
Manstl Sugar
74 a
1 07
2 974
Manitoba b
Ceils' n 5 '4'
1 96
Market Street
Rsll'y lsts
1.
3.
1.
8.
1.
2.,
3.
N Y
10..
te.,
16.,
1..
10.,
80.
97
... 97
... 97
... 97
... 97
... 07
... 974
Cent' I 0s
.. 106
.. 100
.. 105
.. 10.1
.. 10R
105
N Yerk Edisen
64 s rets
I.... 110
2.... 110
NY Jr 5s
6!.... 07
N Y lescka ft
West'n Bs
1 90
N Yk Light H
ft Pwr 4s
3 99
New Y N II
H cv 34 s
1 50
Nsw Y N It ft
It 34s '64
4 50
New Y N It
JJart'd 0s
2 794
1 79
N Y Tels 44s
3 934
1 034
New Yerk Tsl
0s et '41
2.... 1044
, 1044
, 1044
. 104
. 1044
. 104
. 1044
. 104
erk Tel
49
. 10.1
. 10S4
103
105
1084
Pitt Cln Chi m
at L t, Bs
8 08
B 90
Predue H 9s
1.... 109
Producers ft R
war'd 8s
2.... 110
Puntft Ailerrs
Bus Ce Ts
0.... 106
Readlnr Ce 4s
10 83
1 88
4 83
6 84
0 84
1 84
Rem Arms 6s
6 98
n 1104
B 98
Republic Iren
ft Steel Bs
2 084
Rie ersnae a
W clt 4s
1 67
2 67
3 07
Rebblns ft M
Tl
8 98
8 98
2 98
8tL I Mt ft 8
R ft O dlv 4s
2 8(4
S 84
1 8.1
StL ft S Hrsn
sdj 0s
7
6
4
1
6(sale)
StL ft S
In 6s
79
70
79
7
79
Fran
1...
2...
4...
e.Y.
2...
1...
New 3
Cs of
1...
2...
1...
1...
1
63
63
CI
054
05 4
034
S Fran
St Le B Ws'n Btand'd Oil of
lat 4s
88 784
St X. Sew'n 8s
X TV
1 79 4
Saks ft) Ce 7s
6.... 100
8 Air Ii fd 4s
2 43
3 42
Ssab'd Ahti
4 0T
X 66
1 66
8 07.
Sharen Steel
Heep 8s
B 80
Sinclair C Oil
Cerp Ts rets
8.
8.
10...
8..,
1...
10...
1...
S...
1...
s
a'.'.'.
6...
4...
B.
5..
1..
9,.
ia!!
StL ,
Serls A 4s
4 72
13 72
2 734
StL ft S Fran
Series B 5s
1 97
2 87
StL ft H Frsn
Series D 54a
1 94
StL Swn rn 4a
2 77
100
100
loon
100
100
100
100
1004
100
100
100
100
100
Sinclair, crude
O P Ce B4a
4 08
Sinclair Pips
Line Ce Bs
fl 92
2.... 03
8 Hell Tel Ss
1 PA4
8 03
en Pse cel 4e
4 86
1 804
S'n Pae ev 4a
1 92
1 93
S'n Pae fd 4a
A 87
0 874
S(aale) 87
Seuth Perte R
Sussr 7a
2.... 100
3.... 100
3.... 100 4
6.... 100
3n Railway 4s
1 03
3 684
IS 68
Sn Rall'y 6a
3.... 102
1.... 101
2.... 101
Calif ts
I.... 108
8.... 100
0.... 108
3.... 108
Btssl Tubs Ce
of Am's, Ts
1.... 103
Third A rsf 4s
3 66
Third A ad As
B 694
B 60
2 B9
B B0
Tel Edisen Ts
1.... 106U
Union TIs ft
Paper 6a
1 08
Ksals) 98
1 86
Union Pae 4s
10 03
B(sals) 08
26 03
10 02
8 03
Union P ev 4s
1 96
3 08
T 03
2 084
Union P Id 4s
3 68
Union Pae 6s
1.... 104
2.... 108
Union Tsnk-C
Cemp'y 7s
1.... 104
Unt'd Drus 8s
B(sats) 1134
B(sale) 113
U 8 Helt Ma.
ehlnery 8s
1.... 104
U 8 Realty ft
Impv't Ba
1 08
4 09
1 09
U 8 nub'r Es
1 804 J
1 89
t 894
2 89
8 894 1
2 89 Hi
U S Rub'r 7s
1.... 102
U 8 Rub 74 a
8.... 1084
1.... 1084
U S Rub ct Bs
1 89
B 88
Unltsd Btslts
Steel Bs
3.... 1024
1.... 102
6.... 102
1.... 102
2.... 103
4.... 103
6(sae) 103
6.... 1024
3.... 103
Utah Pewsr ft
Lteht 0s
8 00
8 90
1 00
1 00
V-C C ISt Bs
a.... 100
Va-C Ch ct 7S
2 lid 4
n oe
2 90
D OH 4
B 00
Va-C Cheml'l
ev Ta
B SB
Va-C Ch'snTwev
Ta war'd
B 0B
Va Mid 3s '16
1 974
Vs. Rwy Ce Ba
I VTfi
Wabash H 1(0
1st Ba
3 08
Warner Bufsr
ners sa
1.... 104
Wsst'n Md 4s
8... 68
W'n N Y P
R R lat
t 09
W Pae 1st 5s
1 83
tV Pa Pwr fl
1.... 101
W Union 4s
3 01
Weatlnghe's E
ft Mf Ts
3.... 107
4.... 107
1.... 10T
2,... 107
Wlckw'a spnc
Btsel Ts
1 00
Wilsen Cem
pany ev As
30 00
0 06
0 06
T 06
8 06
B 06
1 96
Wllaen Com
pany 1st 6s
1.... 100
2.... 100
1.... 100
I.... 10O
Winchester n
Arms Ce 14s
1.... 103
Wlseen ct'l 4s
6 80
. . .1 ....
bar silver
New Yerk,, today at
foreign. 66 0, off 4 c
was SS 6-16d, off 4d,
'Aft SILVER
unchanged In
ir fin nunc!
In Londen the prles
n A. !
TerK teany ai wine per nn ounce j
MANUFACTURER
fth plant fatty eqnlppeA with
lerver-driTsn sewlns machines flttsd
le de all kinds of sewtns, whose
business Is a ssaaenal ens, la dsslr dsslr
ena f nstretlatlnf with soma for
work (e kesp hla feres besr tha
rear aroend.
A 423, LEDGER OFFICE
REPAIRS
TO
Engines tnd Boilers
General Machine Werk
J. & G.RICH COMPANY
120-122 N. Sixth St.
Telephone Market SMI
R. A. M. & Ce.
Lincoln Moter
Company
Te DftSMalters unsjar
Clasa-'A'' Stsckhelckr'
' Pretacthr Airaemant
datOfJ Naatnltar 10,1M1.
NOTICE is hereby given that
said Agreement has been termj.
nated pursuant te ArtleleTwelfth
thereof, and Depositors are here
by notified that upon surrender
of their Certificates of Deposit, , W
preperiy enaersea in Diank, te
therespeetlveDepesltarleswhich
have Issued the same, they win
be entitled te delivery of the
shares represented thereby.
Dated, New Yerk. Nev. 3, 1922.
PRANK W. BLAIR, CaaJrassa
ROBERT K. CAMATT
JOSEPH A. BOWER .
OEOROB 8. PR AN KLIN
OEOROB P. PULLER
O. HERMANN XINNICUTT
Cemmiffs.
CENTRAL UNION TRU8T CO.
OP NEW YORK
SO Broadway, Nsw Yolk City
UNION TRUST COMPANY
Detroit, Btickisaa
COMMERCIAL TRUST CO.
PhUsdelaftla, Pa.
DepetltetltB.
H
THREE MEN
with long experience com
bining every phase of the
Investment Banking bust
ness want a partner with
capital. Address Ledger.
Bex Ne. A 626.
We own end offer, te Invett Invett
en, a list of Selected Bends,
offering the hlghctt return
with eafety of principal.
Reed A, Morgan & Ce,
West End Trust Bldg., Phila.
Members, of the I'lilta. Bterk Etch.
Telephone Sprues Sill
AtltatJe Cltr Electric Ceaaaay.B's 1IM
Joksitewa Fsiitsitr Railway.. 4's ltSl
Aatricaa Csi Commit 7's 1I2J
Maatiesur Lt A Water Power S's INI
Peblie Sarvies Carp, ef N. J. All final
ladiaaa Service Cerp. Cera, ft PfJ. SA.
SAMUEL K. PHILLIPS & CO.
aT?aliVtwuV88ttEIfe,
(F.
Lawrence E. Brown ft Ce.
CERTIFIED PUILIC ACCOUNTANTS
1610 REAL ESTATE TRUST BLSO.
lnvfutliate and sdjust corporation and
rar'nemlilp accounts and prepare
income lax natures.
BttbtU Uraa. & Ce.
sJukUr sfttlUaj tntrtiiM
tKstk fcrfcnat uUWnVre.
Lehigh Pr. Sec. 6s. 1927
Lehigh Pr. Sec. Capital Stock
Phenes 1 Locust OttO-1-3-8-4
Private Phenes te New Yerk Bostet
4..
7..
3..
S..
1..
3..
S
15
Market
Rly cel da
8.
0
Marland
ct 7s
1....
3....
3....
1....
Marland Oil
vvar'd 8a
.... 114
Mich 8 Tel A
N Yk W C
Rest 4 a
1 614
Norfolk A W'n
ev 6s
A.... 118
5.... 118
N A Edi'n Ce
6s rets
S 98
3 93
8 93
3 934
N Ohie Trac ft
Light Os
1 9.9
N Paelfle It 4a
1 87
13 874
10 87
1 874
N Pse R 44 s
6 88
N Psclde R 0s
2.... 1084
1.... 1084
Nth H Pwr Bs
2 02
3 024
1 93
North Wsst'n
Rell Tel 7s
1. . 107
7. .. 107
1.... 107
1.... 1074
a.... 1074
Ore ft Calif As
12 ... 1004
Oregon H I. Bs
2.... 1034
.Oregon tl Line
114 t. guar a bs
n,v I.. . 1024
n.Vi 6.... 103
n;m ,Ore-W II 1: ft
1014 6 814
10,14, Paclnc Oas ft
111.14, l-'w 5s
105 I -"
rae 1 a r ee
1.... 97
Pacific Tel ft
Tel fi 6s
J
s.
91
02
91
914
914
01
014
02
92
92
St-eet
10..
5..
HON
90S 1
uii n
Mldvals Steel
ft Ord'e S
1 894
Mil ft N'nn en
r. 01
Mln ft St T. 4e
1 40
974
974
974
974
974
974
97
97 4
1.. . 1114 M ft StL fd .1.
Great Nertb'n 2 404
nall'y 1st IM IC ft Te 4v
0 'J04 8 824
Cr-p.t NerM'iiiM Kan ft Tea
lUII'y 54. adj 5a wl
40.
2..
4..
1..
7..
0..
1..
23..
1..
&..
117
117
117
1164
11)14
110 4
ni
11.14
110
11.14
11.14
11.1
1.... 101
3.. . 1014"
Great r.urln'n
Rall'y 7a
2.. . 110.
'.'.. . tle.
1.. Ill
1.. . U0,
Own Iluy &
Wist'n II
I 124
. . 12'.
Iluda m . Mm,
fd Bs
1...,
1...
614
r.1
014
M Kan ft Tea
Sa A wl
1 834
Me Paelfle 4a
3 65
1 844
Me Pacific flu
J 994
1 994
1 004
1 99
834 iMent'a Pwr 5i
834 1 974
924
92
1. ..92 4
8 . . . . 92
1.. .. 92
Packard Moter
Car Ce He
1.... 107
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New Investment Booklet
-yours for the asking
Our new booklet, "Investments
Demand Expert Advice," does two
things:
It outlines the story of an unfor
tunate widow who lest the fortune'
left by her husband.
It suggests a method of avoiding
pitfalls which beset the path of every
person who owns securities, whether
that person be a woman without in
vestment experience or a busy man
of affairs.
We shall be glad te give you a copy e? the
booklet if you will call, or te send you a copy
in answer te a written request or telephone
message.
PROVIDENT
TRUST COMPANY
OF PHILADELPHIA
md Chestnut Streets
- " 4vav Fourth and Chestnut Streets ,,C" '
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HAROLD TEEN
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S Sr"
tlo.len
NVw Yer
"hlladeliihle
("leielend
Richmond . .
'tlanti .
Chlcuue ....
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Minneapolis ,
Kansss City
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