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WbiWtW&l 'KittttAHftNOVEMBKB 2V" 1SB22
"
MNNtVLVANIA TATI
TAX mi
RAILROAD RONOt
CATAWIMA RAILROAD
FIRST 4t
APRIL 1, 1148 ,
PRICE. H AND INTEREST
P ' TO NET 4.71
PITTSBURGH, CINCINNATI.
CHICAGO A ST. LOUIS R. rf.
" GENERAL Be
JUNE 1. ItTO
PRICE, Mtt AND INTEREST
F 'TO NET 5.06
t
NEW YORK, PHILADELPHIA
A NORFOLK R. R.
STOCK TRUST 4t
JUNE 1, IMS
PRICE, S4. AND JNTMMT
TO NET 8.10
REILLY, IROCK CO.
3M CHESTNUT ST.
PHILADELPHIA
in- i --sMSsaaaa53gjfcj
MARKETI9SPUYED
HOK REStSTANK
Full Cevering of the Short In
terest Offeet Further Sporadic
Liquidation
M
Hyfy
Camaguey
Sugar Ce,
First Mtge. Slnktnp Fund
7 Goti Benis
Due IH2
PRESENT PENNSYLVANIA
FOUR MILLS TAX REFUNDED
TO RESIDENT HOLDERS
Strand by ft 4lnt Tint
Mertfaf 1 the mert(
He property of tht Company.
Price te yield about
725
CempJrte Circular en Request
TheNstJontlCityCenpaiy
rklUdilphU 1417 ChMtaul St
Atlantic city wiimm mw
aaarawaia
mmwmmmssnmsummsmmm
Joint Stock Laid
Bilk Bends
Exsmpt frawi Federal, Stat,
Municipal an) Lecal
Taxation
Te yield 4.9)0 te 4.01
We offer bends of selected Banks
doing business In some of the
be:t agricultural sections of the
country.
Prices and circulars upon request
Harris, Fortes ft Ce
Pins St, Cor. William
NEW YORK
PHILADELPHIA OFFICE
Wlcttner lids.
Telephone Spruce 7040
J
The Advantages of
Wise Diversification
of security holdings
are pointed out in a
new booklet we have
just prepared.
This booklet suggests
a conservative way te
select securities in
order te obtain the
maximum safety of
income and principal.
Complimentary copy will
be tent en request
Hemphill, Noyes C& Ce.
Mmbt Nm Yerk Stock Knhmnf
Jranklin Bk. Bldg., Philadelphia
uTaSIL Pi,,t1'bu't Boiten Senates
WUmlaitea Bridgeport
Ber
nds for Investment
" of Pesiut. Statt Tss
N.Y.,Phila.& Norfolk R.R.
Tr. Ctf... due 1948
Guar, by Pcnna. R. R.
Prlc. te yield 5.15
N.Y.fChf.ftSt.LeuisR.R.
2d & Imp. Mtg.6,due 1931
Price te yield 5.85
Metropolitan Edisen Ce.
't & Refdg. 6, due 1932
Price te yield 6.05
Phila. Sub. Gas & Elec. Ce.
Cenl. Mtg. 6, due 1969
kar. by American Gas Ce.
Price te y.'eld 6.40
SpaJ f; el ,ttrctlvt tnvstt.
w"" seen riuttt.
QD. McCLURE & CO.
ra6 PAtfe. Stock F.e
418 Walnut St., Phila.
I I'lilmiv, l.ixut Ol'SO
New l'erk. Net. 24. Today's stock
market seemed te put un a little mere
'resistance te selling pressure, with evi-
"", of the volume of liquidation
steadily diminishing. Considerable lr
regularity still attended price move
jnent, but the covering of the short In
terest toward midday reached sufflcient
volume as te offset further sales by dis
couraged holders of 19ng stock and pro
fessional operations en the bear side.
There was also reported te be some
buying by the se-called "bargain hunt
ers, but apart from the demand eman
ating from the ever-extended short in
terest the rallying power remained very
In the way of actual developments
there was little room for comment.
News events ever night and during the
uny were open te varied interpreta
tions, or Just according te the angle
"y. were reviewed. In ether words,
much the same said about the market
in any of the preceding sessions could
easily have been repeated and fitted
the case nicely. With this exception
the market, in vernacular of the Street,
Hhewed some symptoms of approaching
n temporary oversold condition. There
fore the bulk of the day's operations
COUld Caiil lift afatn,fl iinilu (k.
I familiar caption of "week-end adjust
ments. "
This, was net because the current
new" events did net contain direct or
indirect bearing upon the market situ
ation, but simply because the market
had reached the Juncture wherein the
movements were lartv inrWni ri
governed by the necessary shifting
operations of the professionals adjusting
their commitments. tubllc Interet was
nil ether than the belated liquidation
of impaired marginal accounts.
rur ins nri neur we movement was
feverishly Irregular as a result of the
f-entlnued short selling and moderate
liquidation en the one side, and the
covering movement en the ether. By
the beginning of the second hour the
demand from the shorts overbalanced
the offerings en the selling. As a re
sult, prices rose steadily during the
balance of the morning, the recovery
being stimulated and sustained by the
increasing demand for the high-priced
railroad shares and Increasing peel ac
tivities in the feed, textile, steel and
equipment shares.
General buying was suspended for
n time while n wave of Felling orders
were executed In General Asphalt and
Davisen Chemical, which fell 2. and
. points, respectively, te new low
prices for the year. Heaviness also
developed in lietlilehent Steel B, Sears
Roebuck. Chicago Northwestern. Pere
Jlarquette preferred, Union Pacific
preferred and Westert) Pacific pre
ferred. Later accumulation of St.
Mills, Seuth Southwestern preferred,
which Improved 2 te the year's top
figure en its restoration te a 4 per
cent dividend basis, and a gain of two
points in St. Leuis mid Snn Francisce
preferred tended te revive buying in n
small way in the balance of the list.
Pressure against Studebaker. the in
dependent steels and Standard Oil
shares caused the market te sag again
in the final hour. Standard Oil of New
Jersey lest about B points and a num
ber of the active issues sold below yes
terday's closing levels.
Narrow Bend Market
Bend prices moved within a narrow
range In today's bend market, but the
prevailing tendency was downward. In
the foreign list Marseilles Cs, Mexican
(in. Japanese -Is and Prague 7.s moved
te higher grounds, the last named rising
Si pe,,!,t' eWh'i? . Pein. 7" Csecho Cseche Csecho
Slevnkiati 8s, Belgian- Os and Copen
hagen 5 were reWtlvely backward.
Hecend-grade railroad mortgages again
were in rather free supply. Ht. Paul
convertible (m anil rpfunriln .lu nn.i
New Haven s each yielding about a
POlnt. Illinois CVntrnl rnfitmllne J-
also were weak; Interboreugh Rapid
'""" ujbu Miuweu a mueu improved
tone.
United States Government bends
were Inclined te u-.lrniti T.ih.,-
lids drennlncr 10 rntM mi .twin '.!
!. n .11'.. in - .ni. ... ..
...v iiini yn ju uciiis, nuc me einers
moved within a narrow range of 8
cents.
FOREIGN EXCHANGE
New Yerk, Nev. 24. The changes in
quotations at the opening of the for
eign exchange market today were mere
narrow than usual and business an-
Jieared te be en a moderate scale,
darks were a shade heavy in tone.
Sterling was steady and unchanged,
francs opened up 4i, Belgians and lire
gained 2, Norway and Sweden rose 1
point, while Swiss and pesetas lest 2
points. Danivh was unchanged. Guil
ders receded 1 and marks were 1-10
lower at .01 J4.
Around midday the market in the
leadem fihewpd mrnl enlna tmm
Thursday's: final figures. Business was
moderate and commercial bills were re-
I ported in light offering. Sterling was
up x-iu; irnnrs up ,,, iseiginns up 7,
lire up 0, guilders up 2 and Norway
and Swedish up 1. Swiss and Spnnish
were down a point. Kranc were Vj
under the best of the morning. Quota Queta Quota
teons: Sterling cables 4.40 0-1(1, de
mand 4.40 W ; franc cables 7.15, checks
7.14U; Belgian cables O.fiO, checks
0.05 i ; lire cables 4.74, checks 4.78ft ;
Swiss cables 18.03. checks 18.00; pe
seta cables 10.34, checks 15.02; Danish
rabies 20.28, checks 20.28 ; Norway ca
bles 18.40. checks 18.3.1; Swedish ca
bits 20.80. checks 20.81 ; guilder ra
bies JI0.40, checks 30.35; markn,
01 7-10.
There was no premium in Montreal
today en exchange with New Yerk.
The rate of exchange en Canadian funds
In New Yerk was at par.
YnSTKHDArS CI3HINCI QUOTATIONS
Pt.rllns Kr.ncs Mr Dulld.ra
Demand .... 4.4UH T.14 4,i no
C.bUs H.40 T.I J J.TO 8M3
TODAY'S Ol'ENl.N'a QUOTATION'S
Hl.rllnc rrunrn Mm (lulMer.
rwmiiml . .. 4.4SU T,M. 4.MS4 Sefis
CaUW 4.4UU 7.1im, 4.1)0 Ja.is
CI.O.SINO QUOTATIONS
.Hterllnir Francs Mr. Oiilldfr.
!!S, !? M14 89.30
l.,3 SU.40
r)maii(
Caulks
4.4tt T.14
MONEY-LENOINQ RATES
XHV YORK lenev en call, both clau.
or lendlnic nn& renevtni.
IV
vtr cnt
('all tenn. en prim bank .cccptanc. v.er
piluct'il t pr cmiiI te 4 ter cent. A
llltl. mnay wa. avallubl. for flx.d dul
,.1Sa"S.,r ., .' A1 ..?.',..?' .quotation
nuiiii stteei iidi iwr wi'iiie iiinu yasii
liMIIK
NEW YORK STOCK EXCHANGE TRANSACTIONS
Onfjr AUewnn Repert tn PhltmiettMrn-Quetlng Fmtt 111
Rate in
300
103
200
500
100
3500
100
COO
400
300
200
6300
100
100
600
400
COO
100
400
J00
2000
300
SSO
1400
300
1400
100
100
400
1600
2000
STOCK Hlch
.. Advance numsly... 127
a Advance Rumely pf 44 V4
4 Air Reduction .... 55 Vi
.. Ajax Rubber 12H
. Alaska Geld Mine s
4 Allied Chem a Dve. . 71 W
1 Allied Ch Dye efHO
4 Allls-Chalmers .... 42 U
Am Agrle Chsm. .. 28 H
Am Beet Sugar... 38
4 Am B 8h Pdy new. 69
Am Can .......... 74
7 Am Can pf 110H
it Am Car A Fdy 176ft
m cotton en.... ij
. Am Cotten Oil of.. 35
Am crag ayn e
Am Express 1 37 U
Am Hide Leather. 11
.. Am Hide & Leath pf 66
7 Am Tee 104
Am Ice pf 85 M
Am Internet Cerp. ?6J4
Am Linseed 30
Am Linseed pf. ... 50
Am Liocemotlve. ... 1 21 Hi
7 Am Metals pf 108 ft
4 Am Radiator. ..'... 112ft
U Am Safety Rasor.. 7ft
Am Ship ft Cem... 20ft
Am Smalt SI ft
Am steel Foundries 43
Am Sugar Ref. ... 72ft
7 Am Sugar Ref pf. .1074
. . Am Sumatra 254
Am Tel ft Tel 122ft
12 Am Teb&coo 1494
.. Am Watrwks 6 pf 47 ft
7 Am Woolen 93
.. Anaconda Copper.. 46ft
4 Asse Dry Goods... 7H
Asse Oil 112ft
Atch Tep ft San FelOOft
. . Atlan Blr A Atlantic 1 H
7 At!antle Coast LlnellO
. . Atlantic Fruit ctfs. 2
.. AtlOulf ft W I S 8 74ft
.. At 13 & W I 8 8 p 18?4
.. Austin N'lcheUi ... 30ft
7 Raid win LocemottveU3ft
.. Baltimore ft Ohie... 41 s
4 Baltl ft Ohie pf.... 8
7 BankftAroespf. ... 93ft
.. Barnsdall Class A. 29ft
.. Rarnarlalt r-lapa R. 19
4222 48 Beechnut Packing. SO
evu 7 Beth Htei-I nf nnnr.. aa!'
6 Beth Steel B C3?
.. Beeth Fisheries... 5
1 Brooklyn Edisen ..116
.. Bklyn Rapid Transit 134
.. Bklyn R T ctfs.... 11 ii
5 Bklyn Union Oaa... 115ft
10 Bums Bres A ....18ft
2 Burns Bres B 45ft
7 Burns Bres pf 103ft
.. Butte Cep ft Zlne.. 7H
.. Butte ft Sup Cep.. 29
.. Butterlck Ce 16ft
.. Cadde Cen OAR. 7ft
6 California Packing. TO
.. California Petrel ..48ft
.. Cal Zinc and Lead. 7ft
10 Canadian PnclOe ..141ft
.. Case J I Threshing 30 ft
.. Central Leather ... 34ft
.. Cen Leather pf. ... 70ft
8 Central of X J.... 210
.. de odd lets .210ft
.. Cerro-de-Paace 394
.. Certaln-teed Prefl . 45ft
Chandler Moter . . 61).
4 Chesapeake ft Ohie.. 6694
1300
1500
100
800
1900
100
100
2200
3500
2800
400
2600
100
100
100
900
400
930
7400
!B0O
100
100
400
100
18600
2600
100
900
200
100
1100
1300
400
900
1000
500
630
300
600
703
930
100
1000
100
230
10
UJJ
500
1633
19)0
700 I ft Chesapeake ft Oh pt102
20J
100
100
230
1930
3)0
120J
40) J
1203
100
2)3
3500
200
5W
4030
103
27)3
103
603
403
200
830
230
250)
1930
2700
86200
2600
4800
3603
3230
233
540)
600
933
33)0
3703
1103
1203
300
203
530
100
530
4530
1330
100
10)3
4603
2.0
100
700
100
1030
103
4)0
633
203
4100
1530
200
12JJ
230
60)0
103
330
100
800
1000
1100
2303
1100
400
100
1700
100
1300
2930
4)0
500
300
300
900
200
300
Chicago ft Alten...' 2ft
. . Chicago ft Alten pi
.. Chi & i: III 29ft
.. Chi ft Kill (new) pf 3 ft
.. Chicago & Or West 4ft
..-Chi ft Or West pf.. 10
.. Chi Mil ft St 1 24ft
.. Chi M ft St P pf.. 37ft
C Chi ft Northwestern 82 ft
7 Chi ft Northwest pf122
4 Chicago Pneu Teel.. 80
.. Chi R I ft Pac 334
Chi R I ft Pc 6 Pf 64ft
7 Chi R I ft Pe 1 PC 4
.. Chile Copper i 26 ft
.. Chlne Copper 23ft
4 Coca-Cela 76 ft
s Cel ft Southern.... 42ft
6 Celum Oaa ft Klee..1C23
C'elum Oraphophene. 2 U
6 Cemput Tab Ree... 66ft
.. Conley Tineil 15ft
.. Consel Cigar "34 ft
( Consolidated Gas ..126ft
. . Cens dan of NY wl.. 61
. . CenaGasrta 2ft
.. Consel Textiles ... 13ft
.. Continental Can ...101ft
4 Cern Products Ref. 130ft
4 Cosden ft Ce 46?;
.. Crucible Steel .... 63 ft
7 Crucible Steel pf... 91
.. Cuban Am Supar. .. 3ft
7 Cuban Am Sugar pf . 99
. . Cuba Cane Sugar.. 13?i
.. Cuba Cane Sugar pf 37 ft
.. Davisen Chemical . 27
t Delaware ft Hudsen119ft
Del Lack ft West.. 131
8 Detroit Edisen ..109ft
Detroit Edisen rts.
2 Deme Mines 4' ft
4 Du Pent 6 deb pf 85 ft
E Eastman Kodak ... 83ft
I Elee Storage Bat.. S8
..Elk Hern Ceal.... 24
.. Emersen-Brantlng . 5ft
6 Endtcott-Jehnson . e6ft
.. Erie lift
.. Erie 1st pf 16ft
3 Exchange Buffet .. 27 ft
I Famous Players L. 90ft
8 Funieus Players pf 97 ft
10 Fisher Bedy K5ft
7 Flsher Bedy pf Ill
. . Flsk Rubber lift
.. Frcepert Texas ... 20
8 Gen Am Tank 69ft
.. General Asphalt ... 40
6 General Asphalt pf. 71
8 General Baklns ...142
Gen Electric 175
. . Genl Elec special pf 1 1
Vj General Meters.,.. 14 j
6 Gen Metera deb 6 81 ft
7 Gen Meters deb 7ft 97
.. Olldden Ce 10
7 Olmbel Bres pf. ... 96ft
. . Oe'.dwyn Pictures . 3ft
. . Goedrich B F 30ft
7 Great Northern pf. . C4ft
8 Grt Nth Ore ctfs.. 30ft
. . Ouantaname Sugar. 1 1 ft
.. Gulf Mobile ft Kerth 14
.. Gulf States Steel... 75ft
6 Homcstalie Mining. . 80
. . Housten Oil t"6
3 Hudsen Moter Car. 23 ft
I Hupp Moter Car... 22ft
7 Illlne's Central ....107
0 111 Crnt pf A 113
, . Indlaheina llet .... 15
., Inspiration Cen Cep 32ft
. . Inter Cen Cerp... ,
, . Inter Cen Cerp pf.. ft
200 2ft Intermit Cement .. 34ft
500 8 Intercom Eng 24
6 Int Harvester new. 99ft
Inter M Marine lift
t Inter Mer Marine pf 48 ft
. Inter Nlckel 13?.
. International Papa 49 ft
C Inter Paper pf stpd 71
. Invincible Oil Cerp. 14',,
4
Victer Talking
Machine Ce.
M0RLEY, WOOD & CO.
333 Chestnut Street
n . Y, ft ffctu. gttek gtaa'i)
lia. rule J iir home tlme pa.t. Prima
unchanK.U queUUplin M 4 te 4 tier rent
uu te no uan is li 4 eer c.nt up te
l.ii uiiyii i,i
iVS.A'" i'ZX"i,", 'f ""' w te
111 AnVu U" W
ItutfH ani condition. nnr urn-luiii-l in
the mniKet for nircantlle illpcnunt.. Tin. .
at ihi ureamiiH of c.ielcx i.arer un liie nur,
K'VHI.AI1KM'III Call, e p,r CM tlm.
A cr crnt temin.rclal iavr, (lire, te .u
month.. 0 per cent. '
MINIMIS Metipy. 1 J pr cent. Dlnceunt
rat. .tierl ivn three month.' bin. aC
in i.'. oer cent, "
ANK CLBARING8
Hunli cl.arlnit. teilaj- cumpareil w, ii ...r
ritiici.iilnM dl' last tne vr"! r
nhlla ..IT
...,..T,n ' nS.oeo.
i;'Y-erU.tw.;w7!
Chicago.
333
330
1100
2030
103
100
1200 100
200
100
330
330
700
930
200
100
2C00
5433
1100
400
100
300
.. Iren Products ... 40
.. Island Oil ft
.. Jewel T?a pf 60 ft
4 Jenee Hros Tea.... 49ft
.. Kan City A Seuth... 18ft
. . Kiin.ins & Gulf.... 2ft
.. Kuyaer & Ce new.. 39ft
8 Keter & Ce new pt104
7 KelFcy Wheel lf. ..101 ft
. . Kclly-SprlngOelil ..41ft
. . Kennccelt Copper 32ft
. . Ketene T ft II.... 6ft
. . Lacltawnnnu Steel . 77 ft
7 l.iu'lfili) Una of St L 88
. . I.alti Urle & Weat pf 71
IbUJ B'! lA'lilKH ney .... cai.
1400 4 I.lir.t uicometlve... B4?h
4203 ,. Lecus lne 18ft
GOO I Left Candy 12
T.ew
12ft
44 ft
54 ft
"B
41 4
28 ft
38
69
71M
110ft
176ft
16
34ft
6ft
137ft
II
65 ft
102
85ft
26 ft
29
49 ft
120ft
108ft
112ft
7ft
20 ft
50 ft
4214
71ft
107
24 ft
121ft
14944
47 ft
92
45 ft
65ft
112
99 ft
1
110
2
23
18
29 ft
121ft
40 ft
8
93 ft
29 ft
19
48 ft
94
2 ft
4ft
116
13ft
lift
115ft
137ft
44
103
7ft
28 ft
16
7 ft
ee
48
140ft
30 ft
23 ft
70
209 ft
210ft
39
45
59 ft
t5
101 ft
2ft
4
29 ft
53
4
C
?4
26 ft
81
122
79 ft
32 ft
64 ft
92 ft
26
23 ft
75!4
42 ft
101ft
2ft
6 ft
15ft
23 ft
124
60 ft
2
lift
98 ft
128ft
46
62 ft
91
22 ft
98
13
36 ft
24
113
130
109ft
4,
85 ft
85 ft
67
22 ft
5ft
85 ft
11
16ft
27 ft
8 ft
97 ft
161
111
11
19ft
69 ft
37 ft
69.
142
13
10ft
14ft
81ft
96 ft
10
06
5ft
30
63
30
11
14
73
80
64 ft
23 ft
22 ft
1C6
113
14ft
32
ft
ft
34 ft
23 ft
99
lift
ea
13ft
49 ft
71
14
40
ft
60ft
49
18!,
2
39
103
101!
40 ft
31ft
776
88
70i;
fcl u
54
lift
ft
2ft
ft
'8
It
'ft
Tn4aVs Met
Ci" Chat.
1Z
44ft
55ft
12ft
ft
70ft-
110
42 ft
28H
38
6
71ft-
110H
176ft
16ft-1-
34 ft
6ft-
137ft
11
66 -
102ft-85ft-26ft
29ft
49ft
120ft
108 ft-
112ftl-
7ft
20ft-
50ft-
43
71 m-
107 ft-
25ft
122ft
149ft
47ft .
92ft
45W- 1
67ft 2ft
ft
ft
'ft
1ft
'I
ft
s
ft
ft
ft
ft
ft
ft
ft
ft
ft
2ft
"ft
Sl.
400
100
300
1100
,200
390
930
603
200
I70O
103
600
500
100
3100
1430
1203
500
300
01V.
in I
HTertf ttm
1 ixiuisviiia ft Nash.. 126 ft
. . MacyftCe. 60ft
.. Magma Copper ... 29
.. Malllnsen Ce 32 ft
4 Manhat Elect Supp. . 52
7 Manhat Kiev CJuar SO
.. Manhat'Elevetta... 48ft
Manhat Shirt 44 ft
8 Mar St Rwy pr pf . . 69 1
4 Marland OH 31ft
5 Martin Parry 26
.. Math Alkali 52
1 Mclntyre Mining . 17 ft
. . Max Meters Class A 43
.. Max Meters B 13ft
8 May Dept Stores. ... 164
a Mex Seaboard 16ft
MexSeaberdctfa.
2 Miami Copper
1!
25ft
112
99ft-
1ft-
110 4-
2
23ft 4-
18ft -I-
29 ft I
122ft f
0 ft-
r.e
93 ft-29ft-19
48 ft
94 ft
62ft-
5 4
116 -13ft-11ft
7ft
-7ft
80
8 -r
7 -WOft-
30 ft
210 i-
210ft -
39 -
45
59ft-
65ft-
102 -r
2ft-
4 1-
29 ft
3 -
4 -
8 -24
36ft -81ft-
122 -f
79 ft -32ft
84ft
92ft -f
26
23 ft
76 4
42 ft 4.
101ft-
2ft
66 ft
15ft-
33 ft-
124U-
60-
2 -
13ft
100 -
128ft-
46-
63 ft-
91
23 4
99,. .
13ft 4
36 ft ,
-1
30 ft 4-109ft-ft-41
-85
ft
B5ft ,
7 -23
ft-5ft-85ft-II
-16
.
27ft 4-89ft-97
ft 4
164 4
111 -11
-19ft-69ft
.
142
175 -;- :
..
97 1
te
86 -5ft-30
-83ft-
1
30 ft -J-
" '
)44 -
80 - 1
C4ft
23 ft-
.lK
106 -
113 f.
-
ft
ft
34ft 4.
23 ft
99 ft 4.
t-13ft-4.H
14
40 4.
ft
-18ft
2ft
39 -
103
101 ft j
4-
7?
88 70 ft
bi r, -
S4
18ft-
11ft-
y
!i
ft
ft
ft
1
1ft
ft
ft
ft
ft
ft
'ft
ft
lft
ft
1ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
ft
2ft
1
ft
ft
ft
i
2ft
1ft
lft
ft
ft
ft !
100
54
100
503
100
200
5200
400
300
100
2330
21
500
3100
100
400
100
2030
930
703
100
9703
.IIaa1'20 M'ddle States Cerp. lift
16?22 Ml'lvale Steel ..... 31ft
HBtrassH C4
4 MStPftSSMpf... 86ft
..Mlnft St Leuis.... 6ft
.. Me Kan ft Tex (wl) 14ft
. . Me K ft T (wt) pf. 38
.. Missouri Paolfle ... 16ft
. . Me Paclfle uf 43
.. Montgomery Ward. 20ft
8 Mentana Power . . 7 ft
1 Moen Moter Cor... 15ft
ft Mether Lede Mining 10ft
18 iTash Moter 525
.. National Acme .... lift
. . Nat Biscuit w 1 38
.. Nat Clenk ft Suit... 5 ft
. . Nat Cen ft Cable. . . 1ft
6 Nat En ft Stomp... 62
8 National Lead 114ft
. . Nev Cen Copper.... lift
6 N O Tex ft Mex... F3ft
.. N Y Air Brake A.. 6
It V V . ft ewhf. f 1-1
530 s K-ew verk Deck!!!! h'
.. New Yerk N H ft H 71 ft
2 New Yerk Ont ft W 20 !'-
7 Norfolk ft Western. 1 15
4 Ner ft West pf 77 ft
6 North American ... 90ft
3 North Amer pf 4J.ft
. . North American rts 25
6 North Paclfle 76 ft
. . Ohie Bedy ft Blowers 6
. . Okta Pred ft Ref. . . 2
.. Orpheum Circuit ., 19ft
8 Otla Elevator 145ft
.. Otis Steel oft
s ewens net Mach..
.. Paclfle Devcl Cerp
. . Packard Moter
6 Pac Gas ft Elec...
8 Paclfle Oil
Pan Amer Petrel..
8 Pan Amer B
. . Parrlnh ft Bingham. 10
8 Pennsylvania R It.. 6 ft
.. Penn Seaboard Steel 3ft
( Peeples Gas Chicago P?ft
. . Peoria & Eastern .. . 13!',
.. Pere Marquettn . 29 ft"
C Pere Marq prier pf. 74 Ji
8 Philadelphia Ce .. C8ft
7 Phllllps-Jencs pf ..92
2 Phillips Pet 43ft
. . Plerce-Arrew Moter 1 1 ft
. . Plerce-Arrew Met pf : 6 ft
.. Pierce Oil 49a
4 PlRgly Wlggiy Stere 42 ft
.. Pitts Ceal 7
.. Pitta ft W Va 34ft
ii flits & w va pr. .. 91
5433
333
1433
700
4333
333
100
3103
100
300
100
103
230
500
2300
600
700
20403
123)3
9000
300
2103
1100
400
100
2600
400
100
100
6100
1000
400
1300
50)3
1330
430
200
37
lft
20
82 ft
4ft
62 ft
60 ft
700 1 pond Cre4i Ceal.
100
200
2700
1100
1200
4100
400
B0
400
6703
100
100
103
3400
3200
100
100
3100
200
8 Pefctum Cereal pf
. . Pressed Steal Car.
. . Producers & Ref.
8 PuhSerCoref NJ
8 Pullman Ce
18ft
111
77 ft
40
97
..123ft
Punta Allegre Sugar 46 ft
e fure oil 28
,4 Railway Sec 69 ft
.. Ray Cen Copper. ...12ft
4 Reading 76ft
2 Reading 1st pf 50
2 Reading 2d pf 50ft
.. Remington Typew.. 32ft
.. Replogle Steel 22
.. Repub Iren ft .Steel. 48ft
.. Republic I &S'pf..., 85
.. Reynlelds Springs.. 13
3 Reynolds Teb B... 02 ft
It Rels & Ce lKt pf 75
2000 4.13 Royal Dutch N Y,
3TO 1 St Jesenh Lead
. St Leuis San Fran.
. St Leuis S Fran pf.
. St Leuis SOt!tllWPt
", St L, Southwest pf..
. Savage Arms
. Saxen Moter
. Seaboard Air Line..-
. Sab Air Linn pf . .
. Sears-Roebuck ....
. Seneca Copper ....
. Shnttuclc Aii7. Coin
100 IBS', Shell Transport...
300 6 Shell Union OH of..
2 Sinclair Consel ...
8 Sinclair Cen pf. ...
. Skelly OM
. Sless-Shcffleld pf ..
. Se Perte Rice Sugar
4 Southern 1'iiclflc ..
1700
1800
1600
14200
100
46100
800
100
7400
500
200
ift
8ft
46 ft
C2!i
:e;,
19
32ft
3ft
79
ft
Vi
ft
'ft
1ft
ft
;
V 1
14 I
r?l
! 1
ift
T-
53 ft
18ft
22 ft
37
?2',4
60 ft
17ft
I
5ft
7ft
te
8
7'i
25 ft
93 ?i
iueuu 2 mnciair consei ... ji's
300 8 Sinclair Cen pf. ... E8ft
2333 .. Skelly OM 8ft
100 .. Sless-Shcffleld pf . . 76
200 . . Se Perte Rice Sugar 38
3833 Southern 1'iiclflc .. 0
3203 .. Southern Rnll i?.ft
600 C Southern Rnll pf. .. C2ft
230 .. Splcer Mfs 16ft
7630 4 Standard Oil of Call 14ft
e630 6 Standard Oil of N J195
400 7 Stand Oil of N J pfl'6ft
400 8 Sterling Products .. 59 ft
23400 10 Studebaker 124ft
3600 .. Sub Beat Cerp 8ft
400 .. Superior Oil 'ift
100 .. Superior Steel 30
i-iv ., awveis ve 01 jmer. 1 a
100 .. Tenn Cep & Chem.
3533 3 Texas Ce
1830 C Texas Gulf Sulphur
330 ., Texas & Pacific...
2400 I Tex it Pae C ft O.
1933 8 Tlmkcn Rell Br...
3100 .. Tobacco Products
933 7 Tobacco Pred A . . .
3430 .. Transcontinental Oil lift
12734 .. Union Oil 15ft
2833 10 Union 1'aclne 140 ft
200 4 Union Pacific pf. ... 74ft
100 3 United Alley Steel.. 35
490 .. United Drug 76
100 8ft United Drue in pf. 45
103 I United Fruit 151
100 .. United Paper Heard. I4ft
300 . . United Rwy Invest. . lift
200 .. Unit Rwy Invest pf 25 ft
1600 .. United Retail Stores 71 ft
330 ,. U S C I P & Fdy.. 24 ft
300 6 U 8 C I P 4 Fdy pf 59
400 ..US Feed Products 5ft
5200 .. U S Ind Alcohol 63 ft
100 7 U S Ind Alcohol pf. 100
500 U S Really & Imp. 85ft
1800 .. U 8 Rubber 48ft
300 8 U S Rubber l?t pf. . 94
100 ..US Smelt .t Ref... 40
24303 BUS Steel 103ft
100 1 U 8 Steel pf ....121ft
100 7 U S Tobacco pf 110
1100 2 Utah Copper 61 ft
200 ., Utah Securities ... 16ft
1200 .. Vanadium Cerp ... 32ft
200 .. Van Raalte . ... 62ft
900 .. Va-Car Chemical... 24
100 .. Va-Car Chem U 15
200 .. Va Iren Ceal .v. Cek 5G
100 .. Vlvuuduu In j 13ft
803 .. Wabash 8'.
1200 Wttbadi pf A 24 ft
200"- r Wells Farge i'.vp... 89ft
300 7 Western Ulie pf 1 12
1403 .. Western M.irlamt. lift
1190 .. W Maryland I'd pf.. 23'.
400 .. Western Paclfle ... 15'i
700 6 Western P.i. lne l'f. 5GJ,
100 7 Western Vnlun Tel. 103
800 4 Weatlng K & M.... tOft
303 .. Wheeling I. C... 8',
100 .. Wheeling a 1. i: pf. 13ft
3700 2 White Engl Oil.... S3 ft
100 4 White Motoi .... 47 ft
1700 .. White Oil Cerp.... 4ij
700 .. WlckwIreSiHMicStl. 9
1400 .. Willys Overland ... 5ft
200 .. Wilsen & -e 36ft
100 .. Wisconsin Central . 27
700 I Woolworth V W...11ft
400 .. Werth Pump & M.. 2H
100 6 Werth I'unip H . 63 1.
900 J Wright Aeiu 10
Extlivld.ni!.
I.OW
126
60 ft
28ft
31ft
52
48 ft
7
43
67 ft
31
23
Sift
16ft
T
12ft
If 3
15ft
14ft
25 ft
lift
30 ft
C4
86 ft
6ft
13ft
J8
16
41ft
:oft
67 ft
15ft
10 ft
525
lift
37
E5ft
1ft
62
114
'3ft
132 ft
6 ft
91
22 ft
tOft
20 ft
11 4ft
76 ft
18ft
4ft ft
25
75 ft
G
2
19ft
145 ft
8ft
J6ft
1ft
19ft
2 ft
'3 ft
0 1 ft
79ft
10
46 ft
3ft
D2
13ft
28 ft
73 'z
.18 ft
92
42
10ft
6
4ft
41ft
L'6
?4
91
18
111 '
77
39 ft
6
174ft
45ft
f7ft
69 ft
12?3
75
50
50 ft
32 ft
21 ft
47
85
13
61
75
53
18ft
20 ft
36
JOft
57 ft
17ft
1ft
S
7ft
71'1
8
7 ft
35ft
93 ft
31-ft
98 ft
ft
76
37 ft
68
?1ft
r1ft
16ft
112ft
189ft
116ft
59 ft
1 22 ft
7ft
4ft
30
l?i
8ft
'6 ft
61ft
20
18ft
315,
52 ft
78 ft
1 1 -;.
14
139!5
74 1 i
35
75
113
151
14ft
11ft
25 ft
70 ft
24
59
5ft
61 ft
100
fc4ft
47 ft
93 ft
3e
102ft
121 ft
110
60ft
15.
31ft
61 ft
23 fa
15
5G
13ft
8ft
24
89 ft
111ft
lift
22
15
5-5 ft
109
68 ft
0ft
13ft
32',
47 ft
4
9
5ft
3G
27
210ft
..7 ft
CJft
10
Te4r's Mat
Cese Chi.
126 4- ft
60 ft
28ft 1H
32 - ft
52
50 4- 4
48 ft 4- I
43
67ft - ft
31-ft
26
52 4
16ft 43 4
13ft 163
4
11ft 31 ft 4
64 4
86 ft
6ft
14ft 4
38 -
16 ft
1
41ft
20ft 67 ft
15ft 10H4-
525 4-10
ft
ft
1ft
ft
ft
ft
Hi
1ft
ft
1ft
ft
ft
ft
ft
1ft
ft
1'
Vz
lift
37 -
55ft-
1ft
02 4-
114 4-
13ft-f3ft4-6ft-
01 4-
22 ft-
0ft-
:eft4-
114ft
76 ft
18ft .45ft S
25 :-
75 ft-
6
2
19ft 4
145ft 8ft 4
36 ft 4-
1ft
19ft-
02 ft :-
44 ft t
81 ft H
00 ft 1
10 46 ft-
3ft-
?2ft4-
13ft-
;')ft4-
73 ft
"54 4
92 4
i2ft 4-
11 ft 4- 'ft
26 1
4ft- ft
42 54 4- ft
7 4- I
?4ft4- ft
91 - 1
10ft- ft
111
77 - ft
39 ft .
97 ft 4-124ft-45ft
4
27 ft 4
69 ft
12ft 75 -50
!
50 ft 4
32 ft 4
22 ft 4-
47 ft 4-
CAUTIOUS BUYING
TOt SMS
Market Liberally Supplied With
Orders at Prices Under
Existing Quotations
v
ft
ft
ft
ift
ft
1
ft
ft
ft
ft
ft
ift
i
ft
ft
ft
ft
85
13
62ft 4-
75 4
53ft 4-18ft-21ft-
26ft 4-'-Oft
-59
ft
17ft-
1ft
5ft
7ft
79 -
8
7ft
35 ft
93 ft -j-31
ft
98 ft-
8ft 4-
76 -38
4.
08 ft
22 4
fclft -f-16ft-
112ft-
UOft-
116ft
59 ft
122ft-
7ft-
4ft-
30 4.
lft .
Bft 4.
'6ft 4.
01 ft -20
18ft-
31 ft 4.
ft
!1ft .
14 -
139ft .
76 -;
45
151
14ft -
lift
25 ft f
70 ft
24 ft-:-59
5ft :-
61 ?4 -100
4.
64 ft
47 ft
93(4 3G
103
121 ft -110
-10ft
H
16ft 4
22 ft
CI ft -24
!
ir -
56 -13ft-3ft
1.
24ft I
89 ft 4
112 -
1 1 ft ;-
1
4- 1
ift
3
ft
ft
ft
ift
1
ift
ft
Apart from the continued strength I
of KIcctrIc Storage llnttery there vn !
little of Interest 1e occur In today's" 1
very narrow leral market. The volume
of business continued of hmnll dlmen-1
ftlens, which was net surprlMng hi view
of the multlpljlug uncertainties nf ihet
general situation and the Inability of
the shrewdest traders te pnnetrnte tlici
foggy outlook of the security market
situation.
Everybody Is proceeding with the
utmost caution simply because no one.
is capable of (hiding accurate measure- I
ments or even the pulse 0f the cxl"tins
speculative nnd investment situation.
J here (ire innilv rinnnii!i fnr lirllpvlnir
there nre a het of people waiting te 1
In. the better grade of securities.1
which Is confirmed In the knowledge efi
the existence of n large number ef1
underlying buying orders in brokers'
hands.
The trouble hns been lower futures are
constantly replaced In them- orders be
cause In vlrnv of llur lliilntriTimli.il de.
cllne In the active stocks the majority
feel the same stocks can be secured ut
lower prices. These same people preb
ably who are new reducing the price
limits continuously, will jump and buy
the identical stocks 11 point or two
points higher simply became the ll-lug
trend of the murket will have become
mere defined.
Trailing in Klecttlc Storage Il.itteij
was fairly nciiie with mi pch.inge of
ever 1000 t hares in the lirst two hours.
After rcteuchliii! .".s. the price shnded
te 574. As te the test of tli" local
shares little Is te be s,,ld. Dribbling
liquidation held I'eniisjlvania Railroad
down -lflis. I'nder the same limited
pressure. I'. . I. fell back te A)'H.
There was nle fractional simding of
1. It. T. and Itndln CoritMiiitlen. On
the ether hand, substantial fraetieiml
ndvnnces were made by Klsenlelir, Yerk
Railway I'fd., Insurance Cempanv of
North America and Kric Lighting, I'fd.
Philadelphia Stocks
Itlsh
200 Am (ias.. H
100 Am Strs..l.-,(i
1K ''lee Ster. ."'J
20fErie .... ll'i
03 Krle Light
pref . . . .-
HtS In Ce N A -H)';
140 Lake Sup. .".i
7." Li'h Nav.. 7-'1-.
t'Ot.Mid S (i. ii-;
.i." e r:i eni'r 7"i
inOIPac nil.. 44 Vi
Ti IVnn Cent
Light pf. ."(
02S Pa R IS . n;..
102 Philu C.
cum pf 41 1 3
n40 1'hiln Klec :;i',
14!) de pref.. Ill
110 V It T... :wal
701'hiln Trac fifiW.
2IM) Radie Cor :i-'s'
01 Tenth N R
war .... 2S
20 rnlenTrac 41
2.NOU I .. 4ft.i
125 de pref . ."."',
lOt Vanadium "! :,i
10 Yerk II pf 35ij
Net chnni.' mail"
aal in New Yerlt S
Net
Lew Cle clig"
M'j ML. 1..
1 .".' l.-(l -i-1
r'-,
i
J1U 11 'i K
2 1'.',
lej .
7'.'
14 '.
.If!
M
41',
"ll's
:u
.".'..
ivift"
"V'S
II
40
.-..;'
..134
:;3'i
Atlantic Coast Line Railroad Company
4 Per Cent. Convertible Debenture Geld Bends
Due November 1. 1939
Free of 2 Per Celt, of the Nermal Federal laceme Tax
Listed en the Baltimore Stock Exchange
These bends are direct obligations of the Atlantic
Coast Line Railroad Company. Under the conversion
privilege which expired January 15, 1920, bends were con
vertible into the Company's common stock and ever 80 per
cent, of the issue was se converted, indicating the enviable
credit of the read. Income has averaged mere than twice
all ciiarges during the last ten years. Uninterrupted divi
dends en the common stock have been paid for mere than
twenty years and the rate since 1916 has been 7 per cent.
Current earnings show a decided improvement ever these
for 1921.
Circular en Rtqueit
Price: 85 and Interest
Te Net 5.35 Per Cent.
Biddle & Henry .
104 Seuth Fifth Street
Philadelphia
lli" Information nnI tutl.tli' rmlilrnvl l.ftMn lum I.emi
ebtnliit'il from vmrret wlilili w In lime in l r-IMii"
fmkkmtMmWStWKtkmmm3mmmmWk3WtWmWk9kWkWtSHktlktttWkt '
fi -H
O MTT ii 1
It
2." -'-1
lOL.-j- '..
TLI',4-
7 ..
.".II 1
ie:; ! !
J;!
41'',-
::e
:si . .
:i'." .
nii'i
e's
2.-.' ',-II
I!) U
"i"i . .
.".&
-.
by enmrarl.-en with last
jck i.xunnns
Tnt.il ap. 4ST0 f.har.-. ceniii.-irril u Ith
iiH'Bha.',,s V'Stenlay. Thus Tar this week.
S3. 000 ntiarcn.
. riiu..i)i:i.iiu. ue.Mis
1000 Victory 4",k '2.". 10O.:m
1000 Amer Gas cc Electric ."is . 7:,s
2Oi0 Elect tic sS: IVepIe'rt 1. . (is
1000 Phila Electric M r,..lets jni,
7O00 I'll i In Electric ."i..s..lets KH)i..
."000 Phila Electric $'. 0
Tet-il. ts.vne. cemiKirH with JTti.r.ei tJ..
tciiluy. 'lM f.ir thli Kr.lt. jL'ia. l.'.'j.
GRAIN MARKET
-TfTfTs-j.J'aiM, I, ,.,,
Our Proposed Xerth Philadelphia Olikc
Bread Street at Cambria
DIRECTORS
Ore Hrr..vnAi, Ji..
iviiium Weon
CiumiiB WitRRLra
'tlAR. V.. I.MIl'JISOl.t.
,. A Jack von
S!t'!!t. M. 't Kwrv
Ct.ARKMcr M llitnn'.s
stihsj 1 i 1:1: kim. nca
Avi.nr D. AVIitHK
7 riuiTnv 1ew' KM
(' fr.r.n k i Stei t
1 ami Hi Kit
WlttlAV I'OiT
"i I.M) T II Vrnfflt ,
i! tin it, F MtTin.a
UMIl.l 1 .KU
Central National Bank
of Philadelphia
Chestnut Street at Fifth
l!
Capital $1,000,000
Surplus and Undivided Profits Earned fi.S00.000
jfJ
r
Banking Accounts Accepted
We accept deposits subject te check or en
time and allow interest en current balances.
Brown Brethers
& Ce
FOURTH Si CHESTNUT STREETS
PHILADELPHIA
Uosteii
!4
'4
Y
H
Lfhlth Valiv re. ;
trlyli!. pavablft J.inuar
Lord Tnjnr in party (iurirly , tier
, w.. mil yi.'ir-.it rtytli.MH tj(.cmDer I.
te Heclt of rrcerd .N. einl,iT IS
FMeral f-ue.n It tIi inn feirrin.v, stock
dUidend of UO it t t. i-em.i-nn atocK atecK
l e.' PJl,ln ' l ' 0' record Net cm
t'.ei Cnmrany. qur.
fl n In atr,. r .
ii nl-irv.. .. - " -"" ui rtv
v.". b'i-.wiu.f H
t'ennaylvnnlA W.itr in. I l'nr i'mnv
quarterly 1", t.r c.-t Pdtable January :
a rcslatcrxl lelerii -r 1',
brie anil ritui.n u-t Ittilrnn,! Cnniiany, '
quacterlv t.er ii-n' cmaliM Diwmlf r 9
te mock of r-(ir.! N..imi"r s,i.
quarterly lt i.jr..n t n ilile ncmt'Ci I)
te terk nf rect).-, ,', i. .. J
..inn .Miierli'im I'lim.N'
ltr.'nl en cemm.m r.i 11
' Mc-furril. inth ......,.l.l .....,.-. . . " .."
of recnr.1 m Wr ' " ' ' ' OCK
.-.iiKtnannrt Mlarri.tl i'nr n
vi ,v ceiitn. pnmhiu 11
nf record UccemlK-r in
I3U
109 ;-
tai,-
ii 1.
13 1; -
?2'a :
47 3 -
S?i ,
36 -27
c-TU -G3i
-10
.;
!i .... Open lllgli Lew (. .esc
2 Wha t
May .. l.lil . 1.17 1 lH. 1 i;ij
Yl July . l.uT'j 1 its', 1 n;., l.OiiJ
1 '. t ei n
Si P,rv I0!' :', "''' 70i,
"1 May . ... .11', 7e ;m, ;e.
' July . tl'J'? Tft'n CO'! ii",
91. eata .
3 July . UU; y, ;;:,t! I leT
. IHrfl I
Jan loin in ". rn.ie insj I
is iil 1025 10'1" 10-"5 10-:l7 I
1 V " 11 4.1 I
4 it" U 43
.,
COTTON MARKET III New erk
A I'rcv. rle. fiucn 2 r JI 'II
14 Decffmbcr ... :." a.-ii'Sn j,-, uu ".41 II -
j, Januarv .. il.a'fl l' ..", hi i,".il7 II
14 &y-:l : :i:SiS?ii $!? S5"s:l' brown, shipley company, i.omien
f? July i-.-..eu't na ::. b -""Jill
J AUKUnt Jl.nii II
!i October -.insO'im L'3.40 ..".', II
' NEW YORK COFFEE MARKET j
-. Pn'cr , . . n.sstfu.j OfififJei
I H March ... (nMtlt ft 110 ill
May y a.t 1, ;n rfa;i
. July .... O.OAiiOil &v
Trade. Hid ' H
'i DIVIDENDS DECLARED ' flfn "ilJ" S
I n
I LOUIS T. KLAUDER 1
l CONSULTING ENGINEER I
PENNSYLVANIA BUILDING. PHILADELPHIA W
I POWER & INDUSTRIAL PLANTS 1
H DESIGN APPRAISAL II
j CONSTRUCTION REPORT
ijimi trr'v 2li ffT! "" p" ""in mv' '" "' ; ' ' " - ' M
of reenrd KVJ' u'"l -
rtiinmarin. u v. i Ar .-,... ...... . - -
.t; I nf record UccemlK-r in ' A I - a, IHBHIbIMbh "
ft ?m mm ivkW&ms 1
T-T IBI "f4,M aiw iBBBBH A.hmT rnrnW
' quiM lenii i innmr, i .. ".".', "." SJj' WM . JiJsj r; Bit rmp-SBMLTXZmWemmz
. l .v.i. ..".-"."' ---i, i'. ui.iri.piii. .' mm c 11 m k. HHH....Hr
!..,;-,.rli". .'" Oilenl.il ,i , . . Ln'l'i,'rVc I 7m:M 11 :v:Hlf I
J!ffluSdj I
',. Weel Market Generally Quiet
,7 notion, .Nev, 24. Ti. i
tomorrow will hav w h .
rally h't l.wn wi, t ,, ,,
th lenc.iiitfi nrH-nlrt: ,,
quiMtienali eneunik'-il if,
tetlt Iiime and iibieml a v .
ii-jiifi ut inn i-uienl.il au t
ia opened tnr un ........ .-
- tar en line crebnl. iui I :.
, dfarer "ii liny and mMm u
1 1 4 ! I'-trf'l nllh the Octeh-r ",i -
J I utantly n-pen(ll tl , ,.
' "tri'ntith of th n,.. ri. ... i
Lit iiui..?. ""''" ,vhtre' "" '
. ..t: iiuiietni
market i.n-
i ihi 111.1.1,
I m h in un-
marl."!.
itiI int.. m
" uinl iirc I
'!u' iihinp I
1 ' l'f r i t'nt I
Ahivl. rum
H t.lferl In.
a mm. at Hut
Closing Heur
What tle veu ilci with cah reiiKriil
ion an l rmnKMR lieur
m'ii" ,," .t our safe
It hheuldn t be luft In '
N.Y. 'Change te Amend Constitution
Ni-w Yerk, Nev. ! - Tit . .. . . . ..,
t i ,. "it 1. '." " "' ll..f' .:' -"" .
i.rmi.u... ...'.'.'..'"..'. ' ' ." n I inn r.
;.V... .,.""." .""'.".er'f .i hum
::,:.z.."u-"r,'"nii'' ' nan.
1(23 1021
OOil.OAO ITT.IIAA.flfl
aa.aan an
M.OMO.QOu
HilWtHW
lli'ie
0 IRJ.'fiN.vm
liilfe
Porphyry Copper Ce. Rtperti
New Yerk. Nu II Ulah Copper, for the
quaitcr ended r-cpi"niber 30. ahetva total
inriiine cf tl.Ht...'l--. niuevHlriu In 11,01
a ,liaic earned en the Jlrt.'.M 1, 0m) IJil pji)
luc;. '1'nia innii'.irci! with letttl hifnine of
IMI i:.t. ut 4il en i ban', In itreccllmr
utiAtirtr. r.t h inttnthtt t.ndtl v.iih
total iiici'me wni a..iii.jii. or
aharit. LhlllO CeDDer Cemnnv
auartar ahewa a deficit of lat.aia
compare with deficit or il3,iiTTn
I i:?,raV.,vniti.j,"e ub,"m- mVvr,i; ' "
Londen Metal Market
Mn.ltin. .Nev. 21 Stnn.I.ir.l ....
fill !!! fin.ir-.. inn . ","'',.r" ' '''I '
IM. fiinirc- flT kl' ,".. Te
en
r the
lMt.
i in
n ln
i . i 11
v
I lltl rirltf.ki1 litn i.iin.t,. !..- .1.. . I
mX: ""un'T Z , ,BAR S,LVER f'uVu i7n,U, '" "
!,i,u'.e.HuiW'snl "' m l'r earnt'i en i ir-iK" 'it'". .' iIi-cIIik. u( 'i J ",, " ,,!' .'
lh. I1.V7T1.T1H) (par lli) capital .ttcliThu h' ""J "'"' :' ,"'1 ll,"'V at .1: '.Hid
reiniuiriH un tietim or I24T.H.IJ i , ii Raw Silk Steadv
iiitvi'dlii'i iiuurlPi K.ir t. x inent h ,,i .,, . v . , eicany
Pii'i-mbiM ;ii th iciicit niimuiitt.it., i in1 Cleverseed . N'" ,"rl'- N - - ii
auartar. Ker th alz mentha Kd.d R.'S.i'il AM'if.' 'i'.1 '" c'!i!h I?:M. ti'inber. iu,m. Miln.hu N. I T.23j h mi. r". '.. ,.'s -'.'.
l-r th. denctt amounted te Mtiif ' eWfta..eiK.TO8.eMl, ,U-,5i ' WVeM 'UbllTeV. jjf1" ""!
l.vt'ii If you alrcndy have i-otlNf.icterv
Imnklnir conncctieni. n H'paratr- .icinunt
.itrrieil with us will preve n great con cen con
vt'iilcnce. Wt are open from 0 A. M tu
10 P. U.
REPUBLIC
TRUST COMPANY ,
1429 Ciestnut Street
HOURS Qam-IOp-m '
We Own and Offer
be ml krrurrtl liy it llret
mnrlKiicn in, i I'mnaylvanln
Iniludlrltil rnniiiaiiy hrre ntrr
iifthlril of the entire Utun
nit hem rctlrctl hy Dm hlnl..
line fund.
Tax i:riniit
1'rlrei tu j If li etrr fl'e
F. P. Ristine & Ce.
Widener Buildief, Pliilidelpliia
New Verk Eiljabeth. H. J.
alcrubcre Nevi Yerk itnd I'hUitJelthii
atmh lUchunutt
btO. AriUHNvMiNS
Umitt c"i!l,c.;.P8li,i,citVe,e'..M, VU
,j!1lv-1l',t' Cottun rcliai.e.
STOCKS & BONDS
bmslit Hill tell for r.tuli or tariWI
(II ieiMtrUtltu tiltlrirtii.
8e1Utu. Court BM.,"U1 Walnut t.
-. a i
ia aiuiuway
Safe Bends for Investment
Halsey, Stuart
& Ce. I.
LeadTUa 144
HM
M
11
M
i ,$
M
$& fji
XP-J!.
tStW!),,i