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VI
THE OPENING
of
Spring Garden
Street
from Sixth Street te the
Delaware River, te the
width of 120 feet, has been
autherised by the signing of
the ordinance providing for
this important and practical
improvement.
h
MARKET SOFT AND
STRONG IN SPOTS
Lack of Support Indicated Ad-
Justment of Industrial Issues
Incempleted
New Yerk, Nev. 21. Any one wlie
could fersee tlia trend of today's stock
' fj market a hnlf hour nhcad wns Httle
Details are civen in the fi ! ller' " wktnrd. The trntling wits
-" L."I AA art ilflDAHlH A aaA
November issue of the
"Northera Trait News Letter"
A copy will be sent upon
request.
Hi
l
icAmAisspMoaeaA I
If SURPLUS (EARNED) fl
I 44 4IA MIA AA II I
gggjfgF I
riMiwiiinj.iiii..j TrnirOTmrniMainrinnaj jwiiriuiMiiiutiMiiiTrsie
Province of Alberta
oe Bends
Due May 1, 1925
Principal and Half Yearly
Interest payable In New Yerk
Te yield 5.50
foil pariicttlart P'1121 en request
Weed, Gundy & Ce.
Incorporated
14 Wall St., New Yerk
Terente Montreal Winnipeg Londen, En.
LESS than two years
age Harrisburg
Light and Power 5
Bends due 1952 sold at
76 V and we recom
mended and sold them.
This endorsement was
based en our knowledge
of th'elr investment
merit. The low price
simply made the bends
mere attractive.
We shall be glad te sug
gest new another first
class public utility bend
whose price is below the
average.
HARPER &TURNER
Investment Bankers
Mtmttr fftlUOtfiM Start Artwif
STOCK EXCHANGE CUIIDINQ
si considerably mere nnimnted tlmn wit
H ncssed yestcnlny, but the actual result1
were uem ctuiiusine nnu cenuicung. 11
was entirely n profcsilenal market with
interest concentrated almost cxclu
slvely la specialties.
, In scattered spots pronounced
i strength wat displayed, but these ex
I Mbltiens were counterbalanced and
counteracted by the weakness of ethers.
As te the main body of stocks it was a
case of drifting idly in a blind alley.
The lack of uniformity of trend could
Imte been attributed te various Infill
i enccs. Possibly the mere direct motive
was te be found in the still lncom lncem
, pletcd character of the adjustment of
the speculative position. Then there
was n nntur.nl reluctance te take a
srcsslve position en either side in view
of the assembling of Congress, as there
is a (trewing idea in the market com
munity that Washlnctnn will seen be
come the kev of tlte situation. There
was also a disposition te held off untly
I the character of the President's mes
sage became known. The firmer ten
dency of the money market likewise was
net altogether cenducive te acUvltlcs
en the constructive side.
At the outset the market had another
list -of rich stock dividends te bolster
It upr'but the speculative community
seems te have !et nil Interest in thN
subject. Several of teeks directly af
fected, notably tlejnelds Tobacco, the
directors of which cnmvnnv declared a
stock dividend of I1IIM! per cent, v.i
marked up -t points. Mldvale Steel
was also chen n Minrf-livrd whirl en
renewal of reports nf its mercer with
riethlehcm Steel. The figures for ex
change given out this morning would
mnke Mldvale worth about $.'14 a share.
These and ether strong spots were off
set bv the acute weakness cropping out
in (Jencral Asphalt and United State"
Rubber, and also in the drhe against
Cern Products.
Soen after the first hour the entire
INt gave ground and the progress of
the retreat became mere rapid when it
became evident prices of certain stock"
still had te undergo further readjust
ment. The nbsencQ of support in the
industrial speculative issues discour
aged bullish efforts in ether qunrters
and induced n resumption of experi
mental bear selling in shares whose
technical position was believed vulner
able. American Cotten Oil vreferred
and Piggly Wiggly Stores S'U each,
the latter establishing a new low figure
for the j ear. Declines of 1 te l'
points were registered by Ceca Cela.
American Cotten Oil common, whicli
also touched n new low; Philndelphin
Company, Continental Can, Davisen
Chemical, Atlantic Gulf and Public
Service of New Jersey preferred. Buy
ing of tbe sugar group, which advanced
1 te 2 point, and a rise of 21s In Con
solidated Gas later induced some short
covering in the active issues, but specu
lation became very Quiet en the rebound.
tftMnfei
Philadelphia,,,
Commodity Markets
FIRST MORTGAGE
6 Light & Power Bends
Company operates In states and
serves 81 communities.
Equities pronouncedly substantial,
as evidenced by Sanderson &
Perter's recent appraisal of
properties.
Earnings 3K times Interest re
quirements for year ending May
31st. 1922.
Properties operated under dime
tlen of the General Engineering
a. .uauugeraeni i-orperauon, r. Y,
Price te yield about 7.
Circular C. L. P. en nqutit-
Fairman & Company
DrexeJ Building, Phlla.
Eetabllabrd 100
GRAIN MARKET
Chicago, Nev. 21. Wheat prices
showed weakness today during the earl
dealings, scattered selling proving suf
ficient te depress the market in the ab
sence of any important new buing.
Reports of a better supply of cars had
a bearish Influence, and se, tee, did
lower quotations from Liverpool. Fa
vorable weather for the Argentine har
vest acted as an additional handicap te
bulls.
The opening, which ranged from
cent te e-s cent lower, with December
Sl.lSU te Sl.lS, and May, S1.10U
te Sl.lO1:, was followed by a slight
further decline and then something of
a rally.
Prospects of larger receipt gave a
downward tendency te corn and eats.
After opening a shade te cent lower,
December, 70 ls cents and 70 Vi cents 'e
703s cents, the corn market continued
te taz.
Onta started unchanged te K cent
lower, December, 43Vi cents, and later
underwent a moderate general Eetback.
Previsions were easy, ewiDg te lack
of support.
Prav. clot Own ISM.
? '." V 704
O'i 7Ut
- W1
Vx.
, .May
1 July
, Vrtieat
Dec
i May
I July
uat
May
lJ
I Dec. ......
liar ......
wn-"
70
1.18S 1 18H
1.1Q- 1.1U
,. 1.03
48H
43
89 H
18HC1.18H
ias ei.iav.
less l. or
i
948
1 184
l.lH
1 07
4.
42S
30
?7H
SO 9
4 kh
Itay
.10:0 io.:e
rsiiiiiiiiiiiiiiiiiiiiiiiiiiTfi
K
y
1
Burglars
will find very little money
in our clients' safes.
Because our customers
have the convenience of
I depositing their funds or
. checks up until 10 o'clock
at nieht.
REPUBLIC
TRUST COMPANY
1429 CAestnut Street
HOURS 9AM-1QPM
Legan County Ceal Ce.
First Mortgage
7s
Due Ner. 1. 1942
100 & Int. te Yield V?e
Pennsylvania State Tax Refunded
Federal Income Tax 2 Paid
by Company
Circular en Hrt
Tewiucnd Whelen & Ce.
101 CHESTNUT ST.
jr . r. 4 ie
COTTON MARKET
New Yerk, Nev. 21. Extraordinary
strength at Liverpool wns a feature at
the opening -of the cotton futures mar
ket here Jt was attributed, in private
eables. te rehuylng by bulls and trude
purchasing, which caught the market
short. Tbe local lit did net fnllv re
spond, but started 2.'i te 43 pelnth
higher, followed by sharp reaction In
wnien i.iverpoei jeineri. xneif wat
heavy selling en the early rMe here and
bv Liverpool, the Seii'h and spot
houses. Wall Street. New Orleans njid
commission concerns bought.
Tbe Census ttureau's flirums nn i?ln.
ning were se close te expectations as
te be an unimportant factor.
I'r.v cle Oti.n
n's .11'.. ;uy
January L'4riS,0J
Tebrudry tl'4 Oe
Mar-h 21.110 791
May .........
July.
uet DT
t" rntr.al.
l"rade.
21.7" w K2
21. 10 it fl
3 'IS
fi .10
'.5 2S
i: ia
'.4 07
a 74
12 M
NEW YORK STOCK EXCHANGE TRANSACTIONS
Oitfr MiriMM Jter In FhiMbhlm Qnting Fmtt Li
DlT.
0ata in i
100
200
S0O
tee
1000
400
100
300
100
200
4000
100
200
200
200
600
100
100
700
100
300
100
100
600
300
300
400
300
200
200
400
" 100
tee
1400
800
700
800
400
1300
200
200
1400
2500
1400
200
200
100
9TOC9t ffllfe
Air Reduction 58
Ajex Rubber 12H
.. Alaska Geld Minn H
4 Allls-Chnlmers .... 42
4 Allied Chem A Dye . . 72 H
. . Am Agrle Chem... 3t
. . Am ArtIe Chem pf . 61 H
4 Am Bank Nete.... 77
. . Am Besch Magneto. 33 Vj
4 Am B 8h Pdy new. 70 U
.. Am Can 72U
7 Am Can pf 110H
12 Am Car A Pdy.... 180i4
.. Am Cotten Oil.... 19
Am Cotten Oil pf.. 404
. . Am Erur Bvn 6U
7 Am Ice 106JS
0 Am Ice pf 87
.. Am Internat Cerp. 28 W
. Am T-lnseed 31
0 Am Locomotive.... 1 22 't
3 Am Metals 45i
4 Am Radiator 113
.. Am Ship A Cem... 21
3 Am Steel foundries 4314
.. Am Sugar Rcf 1 71
.. Am Sumatra 29
9 Am Tel & Tel 12314
12 Am Tobacco 1514
C Am Tobacco of new106
7 Am Woolen 94 Ji
7 Am Wholesale pf.. 87 U
.. Am Writ Paper pf. 28 !
.. Anaconda Copper.. 48 Jj
4 Asse Dry Goods... 66 !
6 Atch Tep A San Pel CO I.
.. Atlan Btr A Atlantic 2'z
7 Atlantic Coast Llnel14H
.. Atl Gulf A W I S S 23 J.
.. At O A W I S S pf 18',4
.. Aute Sales Cerp.... 314
.. Austin Nichols .... 31 T4
7 Baldwin Locemotlvo124Ji
. . Baltimore A Ohie... 46
.. Barnsdall Class A.. 294
. . Barnsdall Class B. 20
. . B.ttenlhu Mln Vi
3400 48c Beechnut Packing. 43
100 .. Beth Steel pf new.. 94
2500 r. Beth Steel n 66
fOO s Brooklyn Edisen ..118
1200 .. ukiyn Rapid Transit 14'i
600 .. Hkiy,, n T ctfs.... 12M
100 s Blln Union Ous. . 116'j
200 . . Brown Shoe 5
900 10 Hums Ures A 137
100 ; Hums Bres 11 45
100 7 Burns Bres pf . . . . 102'8
1200 .. Hint.' Cep A Zinc. 7'i
1100 .. Huttp & Sup Cep.. 30!i
103 .. Cadde Ccn O & It.. 7 (2
100 .. California Petrel .. 49
800 .. Cal Zinc and Lead. 7Vz
200 10 rnnadlan Pacific ..142
100 .. Pase J I Threshing 30!
100 .. Central Leather ... 35?i
300 .. Ccrro-de-Pesco 39
500 6 Chandler Meters .. 61
200 4 Chesapeake A Ohie.. 67 H
100 3 Chesapeake & Oh pt103
200 .. Chicago & Alten... 2',i
200 .. Chi & U 111 (new) pf 53 Ji
100 .. Chi & Gr West pf . . 11'i
200 .. Chi Mil & St V 26
830 .. Chi M & St P pf.. 40i
703 C Chi & Northwestern 84
800 . . Chi It I A Pae 35
100 fi Chi H I ft Pc 6 pf 87
100 7 Chi R I & Pe 77 Pt 97
5200 .. Chile Copper 27 i
600 .. Chlne Copper 24 'J
4000 4 Coca-Cela 78
300 .. Cel Puel ft Iren.. 26 "4
500 6 Collim Gaa & Elec..105".4
100 .. Celum Grnphophene. 2H
100 .. Consel Cigar 34 Si
10100 g Consolidated Gas ..124
830 . . Consel Textiles ... 1 1 V
5300 .. Continental Can ...101 ?4
8400 4 Cern Products Ref.132
700 4 Coden ft Ce 47 H
1000 .. Crucible Steel 66
200 7 Cruclble Steel pf . . . S0',J
2600 .. Cuban Am Sugar... 22?j
5100 .. Cuba Cane Sugar.. 143
1900 .. Cuba Cane Susar pf 36 V2
600 .. Davisen Chemical . ?8!i
400 fi Del Lack A West.. 131
100 2 Deme Mines 41
200 8 mi Pent (E. I.) Cel584
100 6 Eastman Kodak ... P5!j
2030 3 Elee Storage Bat.. 57
400 .. Elk Hern Ceal.... 10
100 5 L'ndloett-Johnion ..1 87 M
700 .. Erle 116
300 .. Erie let'pf 17 '4
200 8 Famous Players L. 91 a4
1200 10 Fisher Bedy 164 15
400 . . Flslc Rubber 1 1 7i
1 00 8 Fisher Bedv of O pf 94 S4
600 . . Treepert Texas ... 21 ij
200 8 Gen Am Tank 71 Si
11600 .. General Asphalt ... 40 J,
800 B General Asphalt pf. 72
100 8 Gen Electric 176
100 .. Genl Elec tpclal pf 11
5600 'i General Meters.... 14
100 6 Gen Meters deb 6 82' J
100 7 Gen Meters deb 7 97
200 7 Glmbel Bres pf.... 95
200 . . Glldden Ce 1 0 14
100 .. Ge.dwyn Pictures . 7'8
600 . . Goedrich B F 31 '4
100 7 Great Northern pf.. 86i4
100 .. Guanuname Sugar. 10's
2900 .. Gulf States Steel... 77 '4
1100 .. Hendee Mfg 1 184
100 .. Housten OH 67 'e
9700 2 Hudsen Moter Car. 23 H
2500 1 Hupp Moter Car... 22 Sj
200 7 llllne's Central .... 10914
400 .. Inspiration Cen Cep 33T
6800 .. Inter Cen Cerp... H
200 . . Inter Cen Cerp pf . . 1
100 2'4j Internat Cement .. 34 4
100 2 Intercom Eng 23S4
100 5 Int Harvester new. 101
100 .. Int Great North 21 X
1000 . Inter M Marine uy2
5000 6 Inter Mer Marine pf SO
1000 .. Inter Nickel 14
100 6 Inter Nickel pf. ... 75
100 .. International Pap EOS
900 .. Invincible Oil Cerp 14'j
100 ..Iren Products . . .., 41 a
500 . . Island Oil '4
100 4 Jenes Bres Tea.... 49 i
100 .. Kan City ft Seuth... 19U
700 .. Kayser & Ce new.. 40H
2100 .. Kelly-Sprlnfrfleld .. 4U4
200 8 Kelly-SpK T 6"0 pf 99 Vi
1 00 6 KelH-y Wheel 98
2600 .. Kennccett Ceppr ., 32 H
1203 .. Keystone T te it...
4C0 7 Krekge S S . ...
1 00 . . Lackawanna Stel
700 SH Lhlgh Valley
100
6
.188
. 77 U
63H
Loeso Wll-s 1st pf.107
Lew
58
12
H
42
71 te
31
01
77
33 te
70
7tU
110S4
180
18
39 ?i
6
106 te
87
28 Si
31 H
122
45
113
21
43
69 H
28
123
151 te
106
94 S4
67S4
28 Si
47 H
65
100(4
2H
114
20
18
3 Si
30 i
123J4
4514
29!J
19!'
te
42 Si
94 'A
65
118
14
12S4
116Si
58 J4
1?G
45
102-&
7 Si
30
7 Si
49
7 Si
141 ?e
30 J4
35?g
39
60 H
67 H
103
214
53a
11 14
26
40 U
84 ti
?Ji
87
97
27
24',
76ii
25 'a
104 34
ZH
34 !i
122
99'i
128
47
64 1
D0t;
22'4
134
35 Si
27
130'4
41
157 Si
85'i
56 4
17'i
87 Si
11 Si
17
91 ',
159!i
11J!
94 Si
21
71 Si
39
69H
176
11
Mia
82Si
97
95i
10',
5T,
30 S
86
10'i
75
17
67 n
22 H
22
109 14
33 T4
H
1
3414
23-4
101
21
1154
484
14
75
50H
141',
414
h
4934
19'4
40H
4014
99 Si
98
31 7a
6 Si
163
77 Si
6314
107
J UP
Met
Chee.
F.
58
12
H ..
42 te
72 - S4
31 - Si
61 1H
77
33J4-
70 -
7214
11014-
1 80 14-
lasi-39-
6Si
1
1
Si
10614 214
87
28Ji-
31 H
122 Si
45H
113 -21
43 -7IS4
28 -
123
15IS4
106 ,
28
47-635i-
100H
2S4
114
22M
18 -
3S4
30?4-
124S4-
45-
29Si-
20 -f
J-i ,
44!i
94
6374
118 -
14J.-1-
1214
116S4 59
13GH
45
102Ja !
7 Si
30 -7Si-
49
7S4
142
30 te -35?i
39
60?,-
67H
103 2 Si .
5344 4
11S4 26
40S4-84$i-344
87 -
97 4
27M S4 .
103
24 .
34S4 ,
124 -r
11 Si .
1014 4-
130 Si -47
54
65
90 Ji ,
22 te 4
14 4
36S4 27' j -
131 4
41 157$i-B514-56J4
IB 4
87 Ji
ll .
17'4
91 J4
164 4-
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94 Si 4-214-71'i-40H-72
-
176 -11
4
144 .
9"itS4-10'i4-5fs
31
864
10SS
76
1 8 Si 4
67H J. 4-
10SS4 4
33Ti -: ,
1 -
344
2314 .
101 -
21 Ji
ll li-484-
14M
75
50H-141i-414
4.
!i .
494-
1914 ,
-
99S4-
98 4-
32 -6-
164 -7714
4
63 !4
107 4-
tHr.
aetee in I
te
Si
ait
Si
iSi
H
te
H
te
te
IK
1
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te
te
ili
'te
te
te
te
14
Si
1
te
2 te
isi
1S4
l!i
1
1
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te
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Hi
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te
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te
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1
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'te
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ISi
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Si
2
te
200
200
100
100
200
400
200
100
200
1300
100
100
800
100
200
300
200
100
TWIT fflaVfl
It Lerlllard (Pierre)... 164 Si
7 Louisville ft Naih.,131
. . Mack Truck 54
7 Mack Truck 1st pf., 90 ?i,
4 Maekay Ce pf 694
. . Magma Copper ... 30 Si
Malllnsen Ce 32 Si-'
Maniitl Sugar 42 Si
., Manhat B!evctfs... 4614
4 Marland Oil 30 ,
. . Marl In Rockwell ..13
2 Martin Parry 26 Si
.. Math Alkali 53
8 May Dept Stores.... 164
1 Mclntyre Mining . 17 Si
13 Mex Petroleum 213(4
2 Mex Sen beard 17
Lew,
163H
131
54
90 te
30
2 Miami Copper
25 Si
" minim supper , cyj
4100 15ft ftfl,1rli 9(nla Cmn 1 f TA
'ttOO .. Mldvale Steel 32
100 Mln A St Leuli.... 7
100 .. Me Kan A Texas.. 0
10 '.Me Kan A Tex (wl) 14 Ji
J'22 Missouri Pacific ... 17
22 Me Pacific pf 45J4
.222 Montgomery Ward. 22
1900 l Moen Moter Car... 16H
'S22 H Mether Lede Mining 10H
200 ,. National Acme .... 12Ji
200 .. Nat Cen A Cable... ISi
1000 C Nat En A Stamp... 624
22 National Lead 116Ji
2M 7 National Lead pf . . . 1 U
.522 Nev Cen Copper.... 14
1000 6 N O Tex A Mex... 8 5
J00 . . x Y Air Brake 27K
.129 NY Air Brake A.. 46Si
1200 6 N Y Central 94H
100 2i.i New Yerk Deck.... 26
1500 . . Nw y0rk N H A II 23 H
400 7 Norfolk A Western. 1 16 S4
1400 6 North American ... 8714
200 .1 North Amer pf 45 Si
1000 6 North Paclfle 80W
100 2H Ohie Fuel Supply.. 59
1800 . . Okla Pred A Ref . . . 2 Si
100 .. Orpheum Circuit .. 194
400 2 Owens Bet Mach... 37 Si
300 .. Paclfle Devel Cerp. 1
300 6 Pnc Gas A Elec... 83(4
1900 3 Pacific Oil 46Si
1500 8 Pan Amer Tetrel... 85!$
1300 8 Pan Ampr B 83(4
1 00 . . Panhandle 5
100 .. Pnrrlsh A Blnghnm. 10
S03 3 1'rniisylvanla R It. . 47 Si
400 .. j'enn Seaboard Steel 3Ia
600 5 iveples (las Chicago S3'J
600 .. jvre Marquette ... C0?
300 5 Pere M.ini pf 65Ji
2500 3 Phindelphla Ce ... 39S4
2300 s Phillips Pet 424
200 .. Plerc -Arrew Moter 11
700 .. Pierce-Arrew Met pf 2514
1000 .. ricrce Oil 1 5Si
100 .. Pierce Oil pf 38S4
14700 4 Plggly Wiggly Stere 42 14
100 1J4 Pend Creek Ceal... 18H
800 C Pestum Cereal ....111 Si
400 .. Producers A Ref... 41
2700 6 Pub Ser Cor of N J 99J4
200 8 Pub Ser of N J pf106
1800 8 Pullman Ce 127
600 3 Pure Oil 284
5100 .. Punta Allegre Sugar 45(4
1100 .. Ray Cen Copper... 1314
300 4 Reading 78
100 2 Reading 2d pf 50 Si
500 .. Replogle Steel 24
100 .. Repub Iren A Steel. 48
34100 3 Reynolds Teb B...f63'4
1200 4.13 Royal Dutch N Y... 534
200 .. st Leuie San Fran. 23
100 .. st Louts Southwest. 32
100 .. Savage Arms 18
1800 .. Saxen Moter 24
700 .. Sears-Roebuck .... 82
100 .. Seneca Copper .... 8S4
800 155 U Shell Transport... 3654
2400 Sinclair Consel ... 32Si
8 Sinclair Cen pt.... 98J4
.. Skelly Oil 9
8 Se Perte Rice S pf . 89
C Southern Pacific . . 91 S4
.. Southern Rail 23
5 Southern Rail pf. .. 63
.. Splcer Mfg 17 Ji
6 Standard Mill pf. .. 95
4 Standard Oil of Cal118!4
6 Standnrd OH of N J200
7 Stand Oil of N J pfl19
3 Sterling Products . . 59
4 Stewart Warner Spd 574
10 Studebaker .....'..12514
. . Sub Beat Cerp 8
.. Sweets Ce of Amer. 1 V
.. Twin Cep A Chem.. 8?4
3 Texas Ce 47 14
4 Teton Gulf Sulphur 64 Si
. . Texas A Paclfle. ... 21 Si
1 Tex & Pac C A O.. 20Si
.. Tidewater OH 130Ti
3 Tlmken Rell Br.... 324
.. Tobacco Product . 54
7 Tobacco Pred A. 77. 79 H
.. Transcontinental OH 12
.. Union Oil 16
10 Union Paclfle 142J4
7 Union Tank Car pf.110
2 United Alley Steel. . 35
7 Unit. Cigar Stores pf115
8 United Fruit 1514
.. Unit Rwy Invest pt 26 14
.. United Retail Stores 72S4
.. U S C t P A Fdy.. 25Ji
..US Feed Products 5 Si
.. U S Ind Alcohol.... 624
..US Rubber 50
8 U S Rubber 1st pf . . 94
6 U S Steel 109
600
2600
100
2700
500
400
tee
100
200
1500
300
503
200
8400
1500
1400
200
2530
1603
100
1700
100
1100
2900
900
1300
300
500
100
103
100
103
100
1500
330
200
3200
6500
400
4600
600
200
900
400
300
100
100
(400
100
100
100
200
100
200
400
100
100
1200
500
300
100
1400
600
100
200
200
Utah Copper ...... 6254
.. Utah .Securities ... 16ft
, . Vanadium Cerp ... 3354
. . Van Raalte 64S4
. . Va-Car Chemical... 27
., Va-Car Chem B.... 14
. . Wabash 9 Si
.. Wabash pf A 4 254
7 Western Elee pt. . . .1 1 1 H
. . Western Maryland. 1214
. . W Maryland 2d pf.. 23 S4
. . Western Paclfle ... 16S4
4 Westing E & M.... 59
. . Wheeling A L K.... 9 Si
. . Wheeling & L E pf.i 16 Si
2 White Eagle Oil.... 304
4 White Moter 48 54
.. White Oil Cerp.... 5
.. WickwlreSpencStl. 9
.. Willys Overland ... 54
. . Willys Overland pf.i 39 Si
.. Wilsen & Ce 4014
8 Woolworth F W...222
7 Woelwoith F W pf.i 25 Si
. . Werth l'ump AM,. 28
6 Werth Pump B 65 S4
Ex-dlvldenda
30H
IS
164
17Vi
210Si
18
2554
1114
304
7
8
14J4
164
45 Ji
22
16
10S4
12S4
ISi
62
115
1134
13
84 Ji
274
28
224
11554
87
45
80
59
2
.19
37
ISi
8354
46
84(4
03 Vi
3
10
47
3
9214
30 Si
64 ?4
37
41
It
25
5
3814
39
18
110
41 54
984
104
126
28
434
12
77
50 Si
23 54
48
624
53S4
23
32
18
254
82 Si
8 Ji
36
,32
98
8
89
90
224
62
17 Ji
95
11814
199
118
5914
57
124 te
7 te
1
834
47
63
21 Ji
19
130
32 Ji
53
7954
114
16
142
110
35
115
I51
2654
71 Si
254
514
6114
47
94
,04
16
35
63
25
14
954
254
111K
1214
2354
1654
59
954
1554
30
48 54
5
84
534
39 Si
37 Si
21814
125
28
63
1
te
te
54
it
H
te
H
te
"
54
!i
'i
1
H
te
, H
li
te
te
te
Hi
"te
te
ISi
"te
te
'i
rift &.
164 4- 2
'Si .!
90 M
69H4- 1
30 -
32
42 4-45J4-30-13
26 4
53 4-
164
17J4
210 4-16-25-11
4-
31 te 4-
7
8 -14
4-164-45
4
22 10 4-10-124-
1
62 -
116 4-
113W4
13 85
27
46
94
26
23 -
11554
87 43
' 80 -59
2
1
8354
46
84S4-8354-5
10
47
3
92 i -30
6554
38 54
4t 11
2514
5
3814-
41-
18-
111 (
4154-
984-
106 -
126 -
28
43
12
78
50
23
48 -63
-
32
18
2
82
854
36 -32
98
9
89
'90-224-62-17-
95
11854
199
119 '
59 114
57 ..
12554
8
47
63
21
20 -130
32
53
79 4-
ii
142
110
35
115
1514-
14
71
25 H
5-
6254
IS!
104
62 4-
UH
33 -
6454 4-
25 4.
14 -
9
1254
2314
4.
9
48S4
5
9
5
3.ly
40 4-
21854-
125
28
63-
1
14
te
te
1
te
te
te
te
4
94
54
1
te
114
1
te
"te
1
4
te
te
"te
"te
te
te
te
te
te
H
te
te
te
H
1S4
Si
"te
H
2
1
S4
54
Si
1
1
!i
te
te
"te
te
te
te
154
54
te
2
44
Si
1
LUMP IN ASPHAL1
I' ' r-'---- - ! -y--- j '?' ,Yj 'i'i II
STILUMYSTERY
Downward Flight Equally Per-
plexing at Upward Flight
Wat Three Years Age
While there were en transactions In
the stock en the local stock exchange
the continued acute wenkness of the
shares nf the General Asphalt Company
commanded feremaat nttentlen of both
market and financial circles. Net very
long nge the street was grentlv mysti
fied concerning the spectacular sky;
rocketing of these some shares which
carried the common stock te 160 and
the preferred te 240. New they find
the same difficulty In discovering n
suitable reason or explanation for the
rapid decline. As Is often case en such
occasions the street was flooded with
all sorts of financial tales. It would
be unkind and unfair even te repeat
them, because the larger percentage of
them are productions of a fertile Imag
inary brain.
About the only absolute real facts In
the case arc the company has net been
making much money. That is, hardly
sufficient net earnings te vay the C per
cent dividend en the preferred stock.
It Is reliably reported, however, earn
ings in the lust two months took a de
cided turn for better and there Is ererjr
likelihood of the company closing up
the year In a much better shape than
was hoped for several months age. '
One of the reasons given for the
extreme weakness of the stock, is that
the preferred dividend is te be passed.
The books only closed last Wednesday
and the quarterly dividend of 1U I,er
cent is net payable until December 1.
Therefore, nn action en the dividend
iiuestlen will be made for at least
Hi roe months, Minwing en what flimsy
foundation one nf the tales wns built.
Nevertheless, both Issues were pressed
for Vle en the New Yerk market, and
(weirding te teperts most of the selling
eniiiuated from this city. Reth issues
:i1m) made new low quotations for, the
year.
Next te General Asphalt. Electric
Storage Uattery was the outstanding
feature, and it likewise cut n small nu
ll re en the local exchange.
The advance te 87, or within l'a
points of the year's top price, attracted
widespread attention because there Is
considerable local Interest, financial
and otherwise, in the property. The
strength, as before, was attributed te
dividend possibilities. A great many
are cock-sure the directors will author
ize an extra payment. Only the beard
can answer that question.
Philadelphia Stocks
High
100
AS Am 6trs..l
20 Drill J O. 45
250 Cern Pred
Ref . . .-.128 128 122 3
Net
Lew 1F.11 chge.
1504150 i
45 45 3
50 50i
i
73
S
SOT)
82'
60
78
.13
1
40
1.10 Elec Ster. 57
100 Erie Shere
G&E pf. 25
4000tGcn Mtrs. 14
400 Lake Sup. 0
100 Lcli Nev.. 73
200tUdvnlc.. 81 81
10 O Eisenl'r 78 78
2701'ennaRIt 47' 47
lv l'hlla te
cum pf.. 42
245 Phlla Elec 31
402 de pref . . 31
210 Phlla n T 82
60 Phlla Trae flfljj
100 Radie Cor 8
ISfReadlng.. 78
40 Tenth Nat
Rank war 88
400ToneRel.. 1
llSUnlenTrae 41
Oft TT r XJT een non nnn
425 U G I. . . . 50 50 60
25 War IAS. 8 8 8..
15 W Jer&S. 85 35 35 4.
10 Yerk R pf 35 85 85 1
tKt ehanre made by comparison with last
ate en New Yerk Stock Exchan.
PHILADELPHIA BONDS
1000 Liberty 2d 4s '42 87.00
1000 Victory 4s r23 100.10
6000 Victory 4als '23 100.20
500 Interstate Railways 4s. . 47
1000 People's Pass t c 4s 74
5000 Phlla Electric 1st 6s..lets WIV.
2000 Thllat Electric 6s. . . .lets 104 "
lOOPhila Electric 0s 104
m
0
73 ..
78 ..
47
41..
81
31
32..
08
Xh '"
33 ..
1..
41 ..
LOCAL MINING STOCKS
TONOFAH STOCKS
Bid
.10
t et e
eeeet
t t t t t
e e 1
IMIUMII
(te
lllllMMMIM)
DIVJDB BTOCK8
. li.i
24 s'l
2i 3J
NEW YORK COFFEE MARKET
New Yerk, Nev. 21. The markit for
ccpff'i) tutllies opened .'I te 4 points
higher t'us morning en a moderntul mederntul
sea' tend demnnd, In response te the
rather better showing of the Hiazll
cables.
Frv. elfm
Dfmlr t". Teft 72
Miin-h t 4S'(?50
May (I :l(327
Julr X f'd It U 09
tieptember ....... b.5'&50
Opn
e.74sr
R 61 ere
ns en
8.64 3 S8
DIVIDENDS DECLARED
Middle Stt OU'b fubulllirln hv !
i'!iir4 thu follewlnc dhllsndi Imperial
Oil common. reulr quftric.-.y of 2'a pt
crn, rxtn H te 1 j-r "'at. preferred.
n-rfiilr .' per cut riunrtjuv lu rhlff.
rurular quarterly 2 lr ,'-i' sra of 1
pf r ernt, Ijomlnlen, tui ilui rurierly of y
r tunt. extra of 1 fr cei.t lunger Te.
reiruur aurtriy of J wt cir.t etra of 1
p r cent. All Mf 1 a ib. Janunry 1 te
liu .lern of rfcceril IJ'i in ' I.
Iierc!n Cernninv, j'r cr v ji, rar cnt
en prffrrpil r.vab liv.rr, cr IS te Meck
of recenl t)ecniLer 1.
Aerlnicil Gjh ATI ni"-lrlc Cempanr.
nuarterlv S tnt en j.rpferre-1 payabln
Diremt-r an t sieck ui tteM lcemhcr IB
W001U M.mufai.1 it - n 1 any of Mon Men
trial. ijuAitir.y if .' i-r nt en remmin.
ianb!f Dtceml f r 1 tu ute'.k of rHrl Ne-M-mbt.r
'
American Teleiihmw ari'l TkTph Com Cem
puny. iusrturli '. . 1 1 11 e January 16
in ktnclc of tecenl liM.inl .!
IJiiluth Huirnr Tiiimi thr dlvlrlendii
nf SI ejcli en "f'-ri, I (or auartur ended
June SO. liu. an pniaiit January 2 tn ateck
GAIN IN COTTON GINNINGS
Total, Prier te November 14, ,889,
"' " 1-" "ir, M"-"" ,..; "4.R0 for eahles nn.l 4 4KB'
Washington, Nev. 21. Cotten ginned fl)r dcmimd. Francs ere down 0. Ref-
FOREIQN EXCHANGE
New Yerk, Nev. 21 . Opening figures
for foreign exchange teda- showed ster.
ling up , te a new high en the move-
prier 10 .evmucr ji wi" gums down lj lire uewn r; Norway
.MJ!).S57 running bales, ceuntlm. ,iewn . pcsctas down 4j Sweden down
151.57S round bale-, as half bales anil u; Swiwj up 4; Danish up H; marks
i ni'i uri ! nf 17 .71. "1 lulus of American- ,,n i.nt -,f n,ierG nn w. .1,0 i.,,.. ...
Kgpl!an and -1737 bales of Sea isiunu, n new j,jgn record for the jear. Fruncs,
the Census Unreal! announced today. re nmj jjclgiaiiH were thought te re-
Lafct year te November 14, glnnlngs ucet Bpeeulative profit-taking en Man
aggregated 7,274,2(11 bales, Including day's great rise.
117,5(11) round billed counted as half ouerntlons were
bales; 16,100 bales of Amerlcan-Egyp- I 2"!?tlen,,w' , . , . .,
tian and 2Q.-.0 bales of Sea IMand. ti . Sterling cabbies 4.C0, demand 4.40 ;
Uinnliiss Prier te November 14 this fr'inc ca es 7..i2, cheeks , .lll-v ; I l-
year by Stales follew: Alabama. Kia.i cables 0.80. cheeks 0.84 ; lire
Vt-ieit. a.i oei7fl. Arltnnsnn. cables 4.71. checks 4.70'ii : Swiss m-
,',.'. y.'TJi 1 i:'...""'. ""J.'AV.. m-u lili 1BKO rhm-Vn 1H.77 '. nnuptu .,KIu
- .. w.ww, .-"- -" - ,..-. uuivn
U. 8. Certificates and Treasury Notes
Int. MHlnrlnr
le'l YMi
tee me Lie
loe nn me 3-iu
till IJ.lli JUU
RitM Dat"
li'i Tee . 1021
t4'j n-r-..
4'j Mch..
tS June,
f . Hepl.,
t5l June,
1n-i fr"-pt .
t-43. M-h..
t'4'i Df .
I-4S Moh .
I'i r"pt
1B2L'
Hl'.'3...
1U'J3..,
lUVtl...
1!CI...
Hi.'.'..
lflJH
w.n
B BO
a hi
.'1.7.1
3.7.-,
4.11
(Q lne
iei S ina
ini'5 101
leS lne.
. leni fin',
.imi'J ine
. liu U'i.
uxtinpi irem i eMur.ii normal income tax.
t Acceptable ler vajraent or income tax
ilu en date of maturity.
The Treasury Department offers te redeem
I'nlled blatea Treuaury 34 s and 4Ha. dun
December 18. 1021. and Victory Nete aarlaa
guar-
r.t rn-erd liecmbfr 16.
Twin (MtV Hllltld Transit "nmnanw
terly 11.76 en intrr. 1 and eml.annul tD
en common, both n sable necembcr 30 te
eteck of rfcenl D'cimber 16
Motertruck Firms Merge
w erK. .-nev . I. Announcement has
been made that plaM for u merger nf the
American Muters Corporation, at ptnieAi
eml the Itf-nHi'mer Jfutertruck Te., of Ornif,
City and Philadelphia, have ben completed
and ault en th.i apnreval of stockholder te
( wmim . ...... a . n i- 'jufr American
ii"j in; i-iiii tuenin ia ism t niiiriun.
25,547: Georgia, 61,173; Lenialana, i-;.;. checks i..h4; Danish cnb es
!I23,M; Mississippi ,020,760 5Mls- J0.25, check. 20.20; Norway cables
Sffifr-. UZW . N55K ""SS. , wjm Vheeks awn's . u1 .; Z
uoe.oo; (.mianema. uuv.ww i "u" ..' , , eT, .",. -j- -
Carolina, 404.121; Tennesfee, 830,788; w-w, ciiecus av.ax; murKh .in li-au.
Texas. 2.007.000: Virginia, 10,520. i In Central European exchanges te-
... ., ... twn
au etner mates, enw.
Cash Bey .
Jim Butler
MacNamara
Creacent . . .
Midway . . .
Mlipnh Cxi
Mentana . . .
Ner Star ..
Reecue Eula
Ten Ct . .
Wast End
West Ten
Allied Dlr
Alte Dlv S
Belcher ..
Helen ii
Hteuab Dlv
Divide Eat
Dlv Cen
Dividend
Kant Plv
Harmlll
Knox
Silver Klne
Sutherland
Ten Dlv
Ten Hasb'K
Victory Dlv
Vcnle Plv
Zene
OOL.PFIH.I.D
.07
.CO
..10
.06
.0.1
.07
14
.03'i
..ei S
.08
.nOH
.01
it
(14
04
11
02
e:
ei
nn
or,
OH
Ill
74
02
01
OJ
09
BTOCICH
04
IHIOIIMti
Beeth j....
Comb Frae
Crailierjeck
ninm 11 B
Florence ,
Cleld f Cen
(10H1 uev
(lelrtt Deep
Orent Bend
Jumbo Ext
Kewanas .......
i.ene mar
Ore
lied Hill
SIlM-r Pick
Bimurhead
MISCELUlNnOUS
Amparo
Ariz united
Caledonia,
f'andelarla
Hmrna Hllvcr
Ulllleii
Eureka frees
Kurcka Hnlly
Heels
Marnh
Mether I.ede ,
Ntv Mill
Nev W'der ..
Kucekii
Ternpa Mln .
Volcano
White Cepa ..
Wilbert
.01
.03
,02
.13
.05
.04
.10
.01
.04
.OS
.03
.Oil
.en
. .no
. .no
. .n
. :i.i
. .0,1
Leu
, 24
. .0'l'
e r,(i
'!.
. !ni
. .14
, no
.20
12
.en
Aek
.12
.07
.en
.09
.11
.07
.OS
.0
.10
.03H
fts
.0.1
.05
.en
.13
.04
.01
.02
,0H
.en
.nit
.02
.711
.01
.01
.03
.11
,05
.02
.05
.04
.13
:e8
.11
.02
.ll.'i
.03
.(HI
.'i
.04
.UK
.07
1.00
1.00
,0S
.3.1
.04
J. null
.2(1
.01
D 00
.12
.14
.02
.IN
.35
.14
.OS
1W Yerk Central System
Cleveland Short Line Railway Cq.
va rcr wni, rim raengage Geld Bends ''
D Ayrll 1, 1MI
Tax Ft in Pennsylvania I
Free of 2 Paw Cast of tfce Nermal Pealeral Income Ta V
Listed en the New Yerk Stack .&.....
These bends are direct obligations of The New Yerk .'
Central Railroad Company and a closed underlying mu "
The $11, 800,000 outstanding bends are secured by first lien
land from the New Yerk Central main line, fermintTst
imnnrfiinf flflrl Vfllnahli terminal imiit,u... im.- . ''
..r.. . .. . ....F.u,i.,iiEiil, mis track
age affords an unobstructed route for through freight and
connecting with all ether reads entering the City, facilli
tates interchange of traffic. The read exemplifies the
highest standards of railroad construction. Retirement of
the bends is provided for by the New Yerk Central &
Hudsen River Railroad Refunding & Improvement Mort Mert
gage. The issue is a legal investment for Savings Banks
in New Yerk, Massachusetts, Connecticut and ether
States.
Clrcttttrr en Jttrtrmat
Price: 97Vz and Interest
Te Net 4.64 Per Cent.
Biddle & Henry
104 Seuth Fifth Street
Philadelphia
TS Information and statistics contained Benin have been
abtalned from sources which we believe te b reliable.
Reserve Banks' Discount Rates
Official radlaoeunt rates at the twolie
Federal Reserve Banlta are nn fellows
cem1! Ilkra.
I ater. Accept.
American Gas Earnings Improve
4.10 Moter- Corporation wl.l le th title of th , "ar. an
4 45eoneldrtl.. cernrany and It u have li ' euiatandl
4 42 eBuluilliitlen or 2 ene O00 s per cent par" ciultu "s
The American Oaa CerapaDir for October ",'
ta net earn nun of IU4.Q1U. repftJemiuiii; , .niiimiuuii,
an incrihR.) (j ji. i yij u'
lltu 1
day Greek showed an advance of 8
points; Finnish gained 3 and Rumania
1. Czecho-Hlevukinn wns 2 point
lower, uueiuiiwin; JiuiKurian, .7(1;
ijui; wcrnian, l.(H);
4.4'l
4 43
A-V 4Kb. called for payment Deeember IB,
maturity.
ANK CLfARINQS
raialtntW -jsst twe reersi
Bay vmM tm.m 'wmxxi
tlclpatln prHrfrr.d uteck and 200f harex
of common elevk The eirne Interesta have
been idintlfleil h'tfiuteri with the manave
merit of Ihe two companion
Liverpool Cotten
Liverpool. Nev SJ.hpet cotton was In
itm,t?l.l!m,vi1'1 today with erlcee ateidy en
P',,?ilui1vt ,4 V1- Tha ealei were ROOD
88.400 balaa war American. Kuturaa were
5!S?7 1 J?S " deallnss. Spot price
ry jeriea, miaaiina nr. lD.aeai
. .WW,M
oeiinji, i asd,
I mldlln. i4.li
V'
arr.
I BOOd
lCfO.
in. U.tadi lew
ordinary, Is.BOd. and
report
tfil or 51. 1 U2 uer
1 COUll IllHllttll 1.21
llnif minh l'er the tv
,1th Octoier the company
of 1(130.727. V.I1U.I1 l an Increaa e
unr me ivveivu menine enuiim i-
airunu mi, . . . , ,. . . a.
reteij tradlmt, and veaterdavaeia uu le ni. .uiivirui i " ; ""'" l'
tne nign price reacnee '""".'' i rem. xiip iirriiuuin mi aiiDiiiau iiimix
October of Ijiai i (,W j.j; CV.eclie-Sliivnkiiiii. 3.15'jj
PAWvStS!Jnth".luge-r5lavlaii. .40; Pell... .umiS;
ini;V. . v: riiinisn, .a; Austrian, ,uun; uun
L,08W (sarlan. .000414.
and teuiiRiem te li. iu percent en the ijtiick. qM0 discount en New Yerk funds In
.inn riian kuh Hiidrue linvp "V. .;. i fii,
reteiJ ii
equal te
wnith li
aeld nince
an i
V the "Kit' level at whle hth.v l.ay.
ice 101H. ljiet year the ateck sold
ew aa 27,
MONEY-LENDING RATES
h-KW YORK Meney en call, tfth elaejia
of celIaMreirppened Joday at K ' c0'
for lendlne an4 reaawfns.
rniuSLnaaV-u. fKJfffil,Sf:
viper,- .ww
aiin; i . rwaMmzmA-i
TTdl- S par esnti eeiuneret
1 months. S ter eeai.
1-04
s
per
in New Yerk was down te
cent.
TESTJCRDAT'S CLOBINO QUOTATIONS
SUrllns rrenes Lire, Qulldera
Cables .H S9.84
TOOATI OPUNINO QUOTATIONS
WWmw
KBIT.:
....
eM
Tlntten
New Yerk
1'hlladelphla ..
cieelaml
nichmend . . . . ,
Atlanta
Chicago
Ht. Iiuli
Minneapolis .,
Kenaaa City ,.
Dallua
Sari Krantlece
l.lh
Denda.
4
.
4?
8
I
I
4U
4V?
-w
4
4".
V"
4
4
4H
4
4'i
41-,
Raw Sugar Active and 8treng
New Yerk, Nev. 21.- Thu raw aumir inai.
ket Ih fnlrlv nctln and atrnnu. with Culm
for November shipment quoted ut aii. ?,.
STie, con! and freluht, iun for Di-icmbir
ahlpmentt 8He, cot nnd fro uht. eil", I
Monday Included 23,000 baa Oiihks. ,,ulill
Neember SU-Derember 2, at OSccek i
a mi ! euiVVU XttLMM I'lintakl ..
vmhAt ahlnmanl ait tifi. .. ,T7"" "'
ItVja
fralaht. te tb National Busm beflnln, C
Wiu tfrtv.0 rTwi en Monday Included
ranjlns from eTsOe te Te. U'a Mr Jant fSf
.-. . .
November
Bend List
THE list comprises widely diversified se
lections of attractive issues of State,
Municipal, Railroad Equipment, Public
Utility, Industrial and Foreign Govern
ment Bends. Included among the offerings
are bends listed en the New Yerk Stock
Exchange and bends legal for Savings
Banks and Trustees.
List Gladly Furnished en Request
tRcdmenrJ &Ce.
1427 Wahrat St., PUladelakla
New Tork leldaera NtuVtrik Wtilrtftes
Plttsbvih Stack Exchangee
SinuHi
teK 'niiniiiiiiiiiiiiiiiiiiii
LOMBARD !
W Own and Offtr,
Subject te Salt '
$150,000
CITY OF PHILADELPHIA BONDS
4s, 4s, 4&s
Various maturities
PRICES ON APPLICATION
BATTLES & CO.
TSmtithUmhA man
Independence Square (East), Philadelphia
United Light & Railways
Participating Preferred Stock
7 Cumulative
Listed en the Chicago
Stock Exchange
Present Price
Te yield ever 7.75
Write for Descriptive Circular
Bonbright & Company
437 Chestnut Street, Philadelphia
Bosten Chicago
New Yerk
Detroit
A Recent Natien-Wide
Investigation
showed Unit 90 of theso mcrchnnts tartin
busincsa with un invested capital of but $:i000te
$5000 failed. The successful 10 In most easel
Urmrl.t U- ...!-.! . 1 7 t ! .. -1lnl,lrt llflnK
""s' me iiuvice ujiu counsel ui u hhuuw--er
trust company in all their financial dealing.
THE REAL ESTATE TRUST CO.
OP PHinnrtDUii .
oreaa and Cbeatnut.
-I
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