J24 j n ISSUES FREE OF PENNSYLVANIA STATE TAX ; LEHIGH COAL A NAVIGATION COMPANY CONSOLIDATED 4Vas JANUARY 1, 1954 PRICE, 94'j AND INTEREST. TO NET 4.82', i m PITTSBURGH. CINCINNATI CHICAGO 4 ST. LOUIS R. R. GENERAL 5s JUNE 1. 1970 PRICE. 98j AMD INTEREST. TO NET 5.C3', k HARRISBURG LIGHT 4 POWER CO. FIRST & REFUNDING 5 AUGUST 1, 1352 PRICE. 94 AND INTEREST TO NET 5.40, m i REILLY, BROCK & CO. 306 CHESTNUT ST. PHILADELPHIA WMM M siPMnunii' "ii1"1 r Wt!UiMEiT5!Tapng ESTABLISHED 1S65 BIOREN & CO. BANKERS 410 Chestnut St., Philadelphia Government, Municipal, Railroad and Corporation Securities Mfm'jr-Philadelphi . 1 J .' '.'"li - 'e !; LVt.Aaij RaMMiiftiii'iiii S455rpe!rTi l! si We Offer St. Louit fkcal & Iras lit Mte. 7s. 1934 C.uaiSn' I' -"- i a UTrvt . si . n Clitiiil)' . ' F EHBHBK Tu yield 7 , F. P. Ristine & Ce. Widrecr Buildiag, PeilidtlpkU Nw Yerk EUjibeth. M. J. Memierj .Vtu Yerk ami 1'hUadtltMa tittxk Ezcliangtl I vis,? Liberty Bends 1 4 Liberty li n it d a a c cipted at par 1 0 r Swings Df posits. I I $ m Interest en Savings Deposits jtHmmJlUS rt Srg, , " National Bank of Commerce 713 Chestnut St own T. rthna. mm 8 V RE i Open 8.30 A. M. te MlU.iljbt Dailj m rg ffc te j , Superstitions A booklet which diipelt many misunderttandingi and let forth the ceuntleia advantages of a Will Send for a copy I r1 l 1 FRANKLIN TRUST CO. 15th St Hcleu .Market Beles t West weed Mabci3 PhiUuieck Exchange INVESTMENT SECURITIES tandTitlem.. Philadelphia PHQNii- LOsIUi-T VJ! HEWBURGER, HENDERSON & LOEB Members Neiv Yerk and Philadelphia Stock Exchanges 1512 Walnut St. nCTS. PATT0N&C07 8u a tiiirMT vrs. BANKERS hiuiebxerw In hah nt x sTt-vi-vsiiv; H Jlffi idl fill Ht.l. Lu I .flltl-tit ni'i.l anlil i mhr I'hlli. s,u Kihnnr. r MUNICIPAL BONDS MELDING 512'; te6'c V. W. MILLS & CO. took Exchinge Bids., Pblltilelphl WWUMOGXErtCO. Public" Accountants BUYING POWER WAS OF POOR QUALITY Deprived of Shorts Support, i Whole List Was Found i Sensitive te Pressure New Yerk, Dee. 4. Today's steclt ! market experienced quite a great deal I t difficulty in keeping its feet. Almest from the outset prices were inclined t" lip buck iind at several Intervals tlie j whole lif-t appeared te lie en tlie vcn:e of nnuther sinking spell. There whs. ! however, h notable absence of Uipildat ' lug pressure, which served te keep the 'drives nf the bear contingent et the I profeleunl trailers within reasonable ' bounds. I Wliut the market lacked most en- i siiiruuusii. vns nujillK ie'r. " inu I nine uevciepeu vas u very peer quality. The support afforded by the short cov ering In the rallies last week wm en 1 tirely absent. In consequence the nesi tien of the market ut most ull times was very uncertain nnd it was noticeably thin and soft in praeticully all division'. ome called it u secondary reaction 4 land (i natural development in the prea- 3 I jjres j; the readjustment. That v,j J! partly true, because, it would have ue-1 5 iuired a leug-dlstunca view te e-tahlld. ' J' any direct connection of the reversal 4 i with any eutMde developments during rne my or me ever veeK-crui. rne outstanding fact during the most of the time was that 'upply far exceeded the demand and natural course wns cruaib-1 ling prices. i 4. i I I s & I he weakness et the market, hew "ver. differed materially from that wit icsjed in the recent reactionary move ment, in that the extension of decline-. vv;i followed by increasing dullness, al- ' though the list aa a whole disclosed no ' a rail ins power it sneas ei. i iu'; qewir levels, which represented reccv i sidjii from one te mere than '! points th" market assumed a rather listless ap- , pearance. Naturally these gteckH which i wit" mere prominent In the recoveries i established last week at the expense of J , the short interest were found in the g , mere vulnerable, or at least mere sen i i .. ...... .. ,. - . ...- .a sitivc ti nrfMire. j The lack of stability shown by the , 'liarket after a brief eneninir rnllv en- Iceurag'd the professional traders ie try , some experimental short selling afte! the first hour. TheM? offerings were net i easily absorbed, th'-reby widening opcr epcr I ''tlens en the short eide. which were extended ever most of the list. Oil shares proved particularly vulnerable te celling pressure. Standard Oil uf New .lersey, Mnrland and General Asphalt preferred extending their leises te 3 leint or mere and Standard Oil of .California te 2. California Petroleum was u notable exception, rising U points i 'li a revival of rumors regarding n pro pre , pe-ed resumption of dividend. Inter national Harvester slipped back "U points below Saturday's clee and losses t of 1' te .1 points were recorded bv Fisher Hed. United Retail Stores. General P.lectrip. Sears-Iteebuck, Gulf States Steel and Marine preferred. " t i nwi'iiiiiii.liiiiistarv I - Commodity Markets J GRAIN MARKET Chicago Dee. 4. Large world's shipments, together with a liberal in- 'rense et tne amount of wheat en eceau I pjs.,,,;,. cn,i a decline In Liverpool quo que itatiniis, had a bearish effix-t en wheat , today during the early dealings here. jSelbr-, hinvever, were cautious, being deterred by advices of further rains in Argentina. Seme uneasiness ever I nurep.-a political conditions tended lulse in cheek declines. I The opening, which varied from tin- i-nansmi ngures te uw lower, wl-h Mav Sl.l.V, te Sl.HJ and July .1.07S te S1.07r's, vvas followed by a slight rally ami thrn by another sag. Vrn and ent. although relatively firm, v.ere influenced by the weakness 11 wuem. n esmni (innanii mr com 1 was sUid u, be lt-ss urgent. After, opening unchanged te '4c higher. May tj!)''sc te tV.i;!ic, the corn marker un- , derwent a little setback ull around. Oats etarted at 'je off te a nhade advawe, May lIjc te -12'c. and later showed slight le'sps. Lewer quotations en begs weakened ' previsions. lern Mil. 'imt npen 1 r.M T'i-s, 'a 7')' Mi, I'd", ij 0'J4 d!Ht 1 li l.lrt V1.1.V4 :' n 4'j. 1 IT 1.1SH I.e" L.I1, k atiitjl and S irilje J'." mi '1 0C0 COTTON MARKET New Yerk, Dec. 1. Influenced by easier cables and peer Manchester re- I j ports, the cotton market opened ! te ' 11! points lower this morning with only a small trade. Its only feature was a bid for J0.D00 .May en the call, ,5 Kclffer. Commission heusr were med- ' i rate tellf ri or. the, peer European news. Lecal traders bough'. It was reported this morning that' Saturday!, tulk of 0.07.1,000 bak.s by , the National dinners referral te thwl crop and net te ginning, although it was denied this morning that any of ficial figures had been Issued by this organization. Later, the market was quiet but steady at nbeut opening levels J'rv. ciens Optfl. 1 P.M. St. HO H.8'1 24.114 21 S2 21 H D"mt'r January . Mirch ... tny .... Ju.y . ... unebfir . Tni'if. ..24.011 . I Lull's 21. 01 .'1:3.(1.. . '.'I U3 stir. .; no . i 2 :. 2 : icj H.SH J4.r. 22. ful I NEW YORK COFFEE MARKET New Yerk, Dei;, !. Tbft coffee mar-1 l.et opened irregular this morning with I i.ricen en the opening tall ll neints i higher te li lower. The world's visible I uppiy m cottee decreased Jln.tHJU bag-, , during the month of November, accord. 1 nig tu the ecbiinge figures mid un lie. fiiiubcr 1 VMis S,'Jll,iil4 bag-. i rr'.- 'ie-, , I' mL-r . . (i 72'Ji7il Mr'h . li aiium Vln . . 0 ill ffili i Jua; s tl'lflfl d(j I ,lul . x i2'IJ7 I rvyi. .iiii ... h 1732S BAR SILVER S iMO'.O I'.Af iver na utwljar.f'l In Ler. lm I May ut :r.' S-1M1 ' , LIVESTOCK QUOTATIONS I I'itUbtirsli. IM., r'- 1 CATn.K !t. I relpm. 1 inn h'l KlKher hifm ltutt 10 ..'.. heifers. I7.25; re- ;jii, cite, rt'ielvtH lfKMi hu'l Mtruilr ' j, $js i r.Mivie. ls..ws in. ''".ivy eri.ri. iiiht kiiekp AM' J.AMHS-n.r ,0,,, iiiij.i fti'iii) Tup bhep, ii r.(i, top iambs, nu.-- ..''ii'.'i "..-. uru'j i,Qwir: Pe- . .. 7-j Mhv i.'lW Jui . . . Is" Whral Uu .... 1.1 "v M.iy l.M-4 Juh .... 1 Of. Oat Df" 1.1 M.e- . . . i:s luK . U'J a i'OC- M.i" . ... I..irJ Mar U RADIUM EXPERT DYING EWig $tW$J PaSSWlW S' ?& Eleventh Surgical Operation V1"1 "C wSk " i own . Vff'ak TaSn! T'" """ VS.VTm 'te, valueef 'common stock Jh figured at Paris. Uec. 4.-A .n .b. Is liter- ;!& 1. Sffin. dewn'tf llS?'' JX. ' ffi'&JffiS U&VJL ally .lying by inches l,s undergone his Hh down fl, Norway down 4 and guild- aS&A'rfgJ WSHSl 'SftU -fi.1 Ulvirpoel Cett.n ncwunt .55 Mid I te I teAMdm S eleventh eperatlim 11 I'arU. ere down 2. Jlartg were unhanged. Srten 6e04,BAitrt,n ' " 'V Utfwtl. Pec .A weeer.t. bu.m... tern It teek Slviaend of 100 per He Is Jacques iValllant, famous Quotttlena: Hter ling cables 4.B2V4, '!" ,' '19 , ) dwe laVset cetien tywithTMiII t kii. iMiiV. IraTlni Kurnlu. ei pert en radium. j demand 4.B2H I "franc, cables ,T.O0 :e"VlL!iVve2vffW!uLn ?ef4id?in; 1 fe SSi ten tra4 cw t Jws.t4aS 4r wJ.gdrWiW SSftSSHEeSSr 1 11 .-.t-i-u a.tnKtw iti ii rvMnru in. 'iii.ii w tcka 1 e-jii pi i nninrii. -inn luiuuri n mi. .-.,...2 -"-.. . mere ?j-".v -. . . . ;... EVENING PUBLIC LEDGERr NEW YORK STOCK EXCHANGE TRANSACTIONS Onb AHwnft Raptr tm PMfedbbM Qmtlng Pall U niv Jttt Kl Sk In I HTOCK Itleh T.er C914 13M CO 12 ? 1 US 72 4 J H 31 H 40 70 111 180 ie?4 33 ti 11 66 103K 27 ?k lllfc 11!i 4714 7 IIBj-i ley 52 H 43 !i P.M. Chea f. M. ! I 100 300 200 1500 3G0O COO 100 2300 800 200 100 0800 100 300 100 100 100 E00 100 100 1600 300 100 1000 COO 200 300 3800 600 3000 100 300 900 1000 400 100 300 2200 200 4700 100 300 1300 200 D00 400 3100 9100 4700 300 100 4 Adams Exprans ... 69)4 . Advance Itumtly . . 1 4 4 Air lte6uctleu .... 60 . . AJax Rubber 12H . Alaska (ield Mined. H . Alaska Juneau O SI 1 7 Alt American Cubical 25 4 Allied Chem A Dye 73' j 4 Altls-Chalmers .... 44 . Am Agrlc Chem... 31 K . Am Beet Sugar. ... 40 5 Am Can 71 7 Am Cun pf Ill 2 Am Car ti IMy . . . . 1 82 . Am Chlile 65S . Am Cotten Oil.... 18ft 69)4 r 14 13U 60 -12 - l - 123 72H 43H 31 H 40 -704 111 100 -614-18J4 -v 38 -6!i-r 11 -66 1031s -28 -Ilia 119U- 471- 714 1181 :-1814-52H-4314- Hal t 14 l 2 'i Ji Mi . Am Cotten Oil n.. 38 S .. .Mil prug yu i',4 . . Am Hide & I.eather 11 . Am Hlile & Leuth pf 65 7 Vm Ie 10S . . Atn Internat Cerp.. 20 t Am La. Franca L"n 11 'a C Am tioeematlvo ... HI 3 Am Metals 48(4 U Am Safety Haaer. . 7j t Am Radiator 120 . . Am Ship & Cem... 19J4 . . Am Kmelt 54 3 Am Steel Foundries 4414 Hi Vsi 74 i 1'a, 114 . Am Steel Ycya rf..!05 105 105 - R.f..:.74U 74 MU- Prif 123 4 123U 1231;- 0 1B4I4 153 103 - 3 O 1 32 li 1 51U 1 51 li - . . Am sugar 9 Am Tel & Tel 12 Am Tobacco 12 Am Tobacco .. Am Waterworks ... 2894 28 K 28 H . . Am Watrwkn 6"c pf !0U 7 Am Woolen 96',-j . . Am Zlne L1 & Smelt 1014 . . Anaconda Copper .. 49Vi 4 Ass Dry Goods... 65 T4 ti Asse Oil 115K B Atch Tep & San FelOIJi 5 Atch Tep A S F pf 90 . Atlan Blr & Atlantl; 2 7 Atlantic. Coast Llnel14 . . Austin Nichols .... 3414 7 Baldwin Locemotlvel18 .. Ttalttmera ft Ohie.. 44 .. Barnsdall Class A. 31 Ji . nariiEdall rlns.-i R.. 21 U 5014 e!4 15 47 li 65?4 11414 100H 90 2 11314 32 116 421a 31 2114 494 60 4 95 IS 6154 109' 414 117 1314 1314 144 46 H 74 29 ?4 84 574 714 14014 30 334 215 4114 6014 6614 10074 314 914 2414 3614 83 8014 3214 88 !4 S7 234 24 !4 7514 2694 44 a4 10014 b8l4 3694 12314 C0T4 214 1294 103 1 12714 47 '4 6314 2314 10014 14 37 27 2214 12314 41 133 158 5014r 95 -IB 48 -65T4- 114U- 100H- 90?-?- 2 114 -32 - 1161S-4214-31 14 21 14 r 49 V- '114 1 W I H ! '4' tl S 'in ! SCO 45'- Beechnut Tacklr.ff.. 50J6 000 5 Bethlehem Steel ... eC'i 1 '4 63'- 21. 400 7 Beth Steel pf new.. 95 H 5 Beth Steel B 63H S Beth Steel 8"i pf..!09 . Beeth Fisheries ... i Brooklyn Kdtaen ..11794 . . Bklyn Rapid Transit 17 .. Bklyn U T ctfe.... 13!i 934- 62J4- 5400 100 230 200 4700 500 100 100 400 200 700 G803 300 600 100 1000 100 9600 1500 1300 109 - 1 414- 117 - 16 - 13'4- 144 - 46 - 74 29M- '9 r 51 4- 714- 140J4- 30 3314- 10 Burns Bres A 144 '. Hums Bres B .. Butte Cep & Zinc. .. Butte & Sup Cep. .. Cadde C'en OAR. . . California Tctrel . . '"al Zinc and Lead 46 H 7H 29 914 604 714 142 10 Canadian Pacific Cae J I Thresl'.lns 30 . central Leather ... 34 J S Central of X J 215 . . Cerre-de-Pasco .... AZh i Chandler Meters . . 61 I 215 !j 42 W 60U -f H 6614- 114 10014- 1 31 4 -r ?4 10 2414- U4 37 - 1 S5 " SOU- 1 3214- 1 8814 - I 97-J4 26 -:- Hi 4 Chesapeake & Ohie. 67!'i 100 ', Chesapeake ft Oh pf100J4 100 .. rni & K 111 3t k 200 . . Chl & Or West pf . . 10 2100 .. Chi Mil & St P 2314 5200 .. Chl M & St P pf. .. 38i 400 5 Chl & Northwestern 84 500 4 Chicago Pncu Teel. 8214 2500 .. Chi H I & Vac 334 300 Chl Ft I & Pc 6 pf 8854 200 7 Chl P. I & Pe ' pf 97 6400 .. Chile Copper 27 ?4 800 .. Chlne Copper 2414 2930 tj Coca-Cela 77 !4 100 .. Cel Fuel & iron... 26 ?4 100 3 Cel & Southern 44J4 500 0 Celum Oaa & Elee..101 100 .. Celum Graphophene 2?4 400 6 Cemput Tab Ree... 6814 100 .. Cor.sel Cigar 36 2400 S Consolidated Oaa ..12714 1 900 . . Cens Oas of NY wl. . 61 K 4600 .. Cens Gas rts 2V4 1800 . censel Textiles ... 13 1 300 . Continental Can ... 1 05 U 3000 4 Cern Products RcM29!4 5300 i Cosden & Ce 4894 3400 .. Crucible Steel ... 6514 2800 .. Cuban Am Sugar... 23 ICO 7 Cuban Am Sugar pf 10014 200 .. I'uba cane Sugar.. 14 300 . . Cuba Cane Sugar pf 38 400 .. I'avisen Chemical . 27 100 .. Debecrs C Mln Ltd 2214 100 9 rclaware Ik Hu(Uen123'a 6C0 '. Dome Mlneu 41 !4 300 e I1 Lack & Wft...1344 300 5 Du Pent (K. I.) Cel 60 100 0 Du Pent C'j deb pf 85 6900 3 Elee Storage Bat.. 58 54 103 Kik Hern Ceal 2314 27C0 S Kiidlcou-Jehncon . . 88 4 2200 .. Krle 11 2200 .. r.rle 1st pf 154 100 . Krle 2d pf 114 1000 1 famous Players L. 91 U 100 S Famous Players pf' 97 1800 :0 Fisher Bedy 181 "W 300 S Fisher Bedy of O pf 94 H 500 .. Fisl: Rubber 1214 500 .. Freeport Texas ... 1915 300 2 Oen Am Tank 71 200 7 Uen Am Tank rf.. 10314 7600 . . General Asphalt ... 43 1100 S !er.era! Asphalt pf. 7514 1200 8 c,en Klectrlc 181 200 .. Otnl F.lec upedal pf 10 J4 13600 H General Meters 1414 100 .. Olldden Ce 10 1300 .. Goldwyn Pictures .. 6 600 . c.oedrioh H F 32'4 100 .. Granby Mining 24Ti 3200 7 Great Northern pf. . 83 100 :, Fid Mln & Smelt pi 5214 1000 3 Grt North Ore ctts 30 T4 100 .. Grfne Can Ceppei 2514 100 b Guantanamo Sun pf 95 2000 .. Gulf Stateu Stel... 76i 1U0 . Jtabtrahaw Wee ... 174 100 : Hiirtman Cerp .... 83U 400 ., Housten Oil 68H 2i00 : Hudsen Moter car. 24' 1100 i Itupp Moter Car... 2i' 1CU .. Hydraulic Stwl ... 100 .. Hydraulic Steel pf. 40 ICO T Illinois Central 109 100 6 III Cent pf A 1U 700 .. Inspiration con Cep 33(4 j00 . liner Cen Cerp. .. '4 100 .. Inter Cen Cerp pf.. . 100 .. Inter Rapid Trar... 2014 2414-76',-26 V T 44 V 100V4- 2H 6814- 1?4 36 V -r 14 I25J4- 114 ei - H 214 1294- 14 103 V- 1 128 - 1 48 : 63 V- 14 231 10014 -f 14 37J4 27 - 2214 12314 r 4114 r 133 - 160 83 58 H -10J4 15 -11 ?4 -r 93 -97 -r 85 57 H 23 J4 864 1014 15 11?4 89 97 175 7-4 94 12'4 19H 70 10254 4114 7314 17914 1054 1314 10 3K 30 li 2414 8114 52 J4 3014 25 !4 05 72 '4 'M 8314 &7'4 23 v, 23 '4 4'4 43 17554- 9454- 1214-19H-70 -10314 : 42 -74 - 17914- ie? 13 10 594 3014- 24 5- 8214- 3214-:- 3014- 2SJ4r 95 - 7314- 2 IK .. 0314 07 V, 23 H -231i- J ' 40 1i9 - 11 J f 34 - li 1C9 113 24 4 H 20(4 33a 3314 24 07 47J4 14!i 70 534 80 15 H 204 C6 51 M 13H 5314 281-4 -r 3314 r '00 ,. inter Agric pr 3314 3514 24 100 2-, Internat Cement 100 2 Inter Cem Eng. 24 - li 3700 4700 13C0 100 400 10 1400 400 200 200 600 700 100 1600 400 1700 38C0 0500 100 300 100 r, Tnt Harvester new 92 "Z. 5 C Inter Mer Marine pf 4914 4714- . InUr Nickel is 6 Inter Nickel pf 70 . International Paper 5414 0 International Salt . 80 . Invincible Oil Cerp 15 14 . Island Oil 14 . Jewel Tea 2014 . Jewel Tea pf 664 4 Jenes Bres Tea.... 52 . Kan City Seuth. . 20 1 Kan City & Se pf.. 5314 , . Kanswi & Gulf 214 ,. Kriyser & Ce nc . . 42 'n , . Kclly-Sprlr.gile'.d .. 43 , . Kenncveit Copper . 34 ?; , . Keystone T & K.... 9?i , Kreage S S 182 , . Lackawanna Steel . 761j . . Lake r,rte & Went . 33 'j 2 Ue Rubber 2511 1454 70 - 53X 80 f 1554 H 20)4 -i 66 V ; 51 1h 33 r4- 2 41 ii - 42 . 34 - 182 76 li 2114 63V ! 55 -1854 1 1 14 -I34?( 4114 41?, -3K 8?i IB?. 76J4 33)4 23 54 63 '4 55 I8J4 tJ4 134V D00 400 3's LeniiriJ auey uj 800 4 Lima Icomettve . . 55 700 .. Loews Ine 1014 100 1 Left Candy 11 '4 100 7 Louisville & Nas..1344 FOREIGN EXCHANGE way cables 18.00; checks' 18.51 : Swed ish i cables i 20.08, checks' 28.03; guilder cebles 30.03, checkp 30,58 j marks, New Yerk. Dec. 4. Streng fentuni. nt the opening of the foreign exchange market today were W Us, which gained i) points ever Saturdays flnul, and - PHILADELPHIA: MOKEA. t)EOEMBEB 4, 1023 niv. Bl m I .til P. it. 8TOOK Utah Lew St 8254 !ou 4914 8B 26 X 1254 23 X BO 42! 14 165 227 .. aiacx Truck 43 M 7 Mack Truck lat pf. 81 7 Mack Truck d pf. 62 14 .. Macy A Ce 62 . . Mnrnia Copper .... 30 .. Mailuisen Ce 33(4 . . Manatl Suar 48 7 Manhat Kiev Guar. 49 .. Manhat Elev ctfj... Al 3 Manhat Shirt 45 W 4 Marland Oil 2914 .. Marlln Beekwetl .. 1214 2 Martin Parry Cerp. 26 H . Math Alkali 60 .. Max Meters Claaa A 42 U .. Max Meters Class li MM 10 May Dept Stores... 105 1C Mex Petroleum ...228 8 Mex Petroleum pf.. 98 H 3 Mex Seaboard 17M 3 Mex Seaboard Oil ct 1614 " Miami r -..? B4 200 100 800 200 700 600 100 BOO 300 6500 100 100 100' 1J0 800 500 200 100 500 700 91 i 4214 1414 13 228 9614 1714 1654 2W 12X 98 17 16 27 100 32001.20 Middle States Cerp! 12 3200 .. M dvale HtMl .... 3a 124 2?8 40 10 43 X 21 1614 1S4 36 102 64 113 614 24 1454 62 90 47 9354 8654 2614 50 133 2114 112 28 200 Mln St Leuis.... 714 Me Kan A Tex (wl) 15 Me Kai 4 T (wl) pf 40)4 Missouri PacllV ..1$ Missouri Paelflepf.. 44 U Montffemarv Wnnl. 91 tZ 100' 300 100 2400 135- 40 IB 43X 800 800 21 14 16M 11 ,1914 36H 102 64 1164 614 24 14J4 82 90 4754 95 V 15, '?00 Motfe 1 MinaJ iS '' g0 MuUbia Bedy ....'. 191? 1 'J Nat.Blscultwl 3u ? I '00 7 Nat Cleak A Suit pil 02 it 1 Moen Moter Car... 16ft 5l 300 6 Nat En 4fStamp... 6414 8 National Lead 11614 . Nut n nef M 1st pt 61-4 . . Nat R It of M M cf 2 V 1000 100 200 600 300 100 200 4100 400 .. Nev Cen Copper.... 14 ; N O-Tex 4" Mex... 821'4 7 Nwpt NAM 1st pf SO ..NY Air Brake A.. 4754 8 N Y Central W 200 2 New YeTk beck";.:: 27 300 B Vr VerVt rv e m 8654 2614 31 133 21 X 112 - 93 - 4514 50 N Y t Harlem pf. ... 1 33 : 5w yerlt N H A H 2254 7 Norfolk 4 Westernll3 e North American ... 84 3 North Amer pf 4514 . . North Amer A rta. 2614 0 North Pacific 77 V . . Okla Pred A Haf . . . 2 '. .. Orpheum Circuit .. 20 Otis Steel 714 3 Owens Bet Maeh.. 37V . . Packard Moter 19 V . . Pacific Devel Cerp 1 14 J Pae Gae & Elc.... 86 3 Pacific Oil 47H 8 Pan Amer Petrel... 94 8 Pan Amer B 4 90 .. Panhandle 4f4 .. Parrlsh & Bingham. 10 3 Pennsylvania It U. . 47 .. Penn' Seaboard Steel 3Vy' a Peeples Oas Chicago 9314 Pere Marquette .. 33 C Pere Mara Prier pf. 73 W 3 Philadelphia Ce ... tOH 3 Phlta Ce t pf...;42 1 Phillip Pet 43 V .. Plerce-Arrew Moter 1214 .. rieru Oi! 44 .. Pierce Oil pf 4314 Plggly Wlggly Stere 46 .. Pitta Ceal 3754 3000 1100 1400 100 200 1000 500 300 1600 300 900 1100 1400 5600 24803 12000 300 500 1000 800 1000 2600 100 100 200 1300 300 1C00 100 1800 1400 300 4 9214 45 R 26J4 76 2 2014 7' 37 V4 1914 114 85 40)4 91 X 88 54 4K 2614 76 V '' 1!4 1: 1 1 '6 1'i 1 1 ' ti 1 IK! 11 1U 1 10 47 314 9114 3154 73W 40 X 42 42)4 1254 414 4314 44)4 50J4 34 19X 112 111 40 94 12514 4754 261 112 13H 7614 504 24 43 20- CIV 15 SIX 1914 2314 41 18 3014 5814 214 3J4 79 814 34 9 31V 100 894 87 23 V 9354 11414 19414 117V 11714 61 57 35 12314 714 414 2814 ' 9 46 14 60 K 224 ;e!4 1614 125 32 X 52V 794 12 1354 139 74 130 11014 3414 7714 4614 12', 26 54 67H 26 54 61 65 54 114 5014 94 102 12014 6114 33 4 6114 14 9'4 24 X 1114 112V 12 24 1614 sa 111 9iJ4 47 3X 92 -32 -7314-40H- 42 600 lj Pend Creek Ceal... 20 euu D Featum reral II J 112 111 4054 100 8 Peetum Cereal pf..111 . Producers ft Ref... 41 U S 1Mb Serv of X J.... 93 S Pullman Ce 12514 . Punta Allegre Sugar 47 4 2 Pure Oil 2814 t Railway Steel Spg. ,112 V , . Ray Cen Copper... 134 4 Reading 7744 2 Reading :d pf 52 V .. Replogle Steel .... 2414 . Repub Iren ft Steel. 46 Reynolds Springs. . . 21 54 3 Reynolds Teb B.... 62 . Ftebt Rein t. Ce . e. 1900 1000 1400 600 1400 200 500 2700 200 400 1400 400 1700 94 - v 12314 47 54 2814 112 134 - 114 u 200 1500 4.13 Royal Dutch N Y.. 32U 300 1 St Jceph Lead.... 1914 200 ,. st Louts San Fran. 23J-4 100 ..st Leuie S Fran pf. 41 00 .. Savage Arms 18 700 . . St Leuh Southwest 31 14 1000 6 St h Southwest pf. 58 V 200 .. Saxen Moter 254 400 .. Seaboard Air Line . 5 14 e00 . . seab Air Line pf . . . 8 4500 .. Sears-Roebuck .... 83 14 1 800 . . Seneca Cenir fl U 1!a " !4 'i 14 114 J B 80 014 34X 31H 100 8V 87X . 23K 6SJ4 115 19414 118 1 400 1 5 J 14 . Shell Transport O'i . 34V 32 K .10054 . 9 . 89 . 23 3500 Sinclair Consel 900 1400 3200 400 300 2700 2200 1100 400 800 1C0 900 56300 1300 110 200 400 1100 2700 300 200 2300 200 100 1300 800 1500 1500 2300 1200 400 7C0 100 tee 100 8 Sinclair Cen pf . , .. Skelly Oil 6 Southern Pacific .. Southern Rail .. 3 Southern Rail nf tie 4 Ktanaard Oil of Call 17 J4 5 Standard Oil of N Jl7 7 Stand Oil of N J pf!1814 7 StanOef NJpfSlO.118 S Steeling Product ..6214 4 Stewart Warner Spd 37 8 Htremberjj Carb . . 56 ' 10 Studebaker 12314 .. Sub Beat Cerp 794 .. Superior Oil 4(4 .. Superior Steel 2814 . . Sweets Ce of Amer. 1 54 .. Tenn Cep & Chem.. 9W 8 Texas Ce 47 C Tezaa Gulf Sulphur 61 14 .. Texas A Pacific.... 22 H 1 Tex A Pnc c & O.. 2114 .. Third Ave 17 .. Tidewater Oil 125 3 Tlmkcn Rell Br.... 3314 . . Tobacco Preducta . 53 7 Tobacco Pred A.... 80V .. Transcontinental Oil 1214 .. Union Oil ......... 16V 10 Union Pacific 14114 4 Union Pacific pf. ... 74 " Union Tank Cur.. .13254 7 Union Tank Cur pf. 11054 2 United Alley eel. . 3414 114 1 6 1H 14 14 214 H 1 . 3 214 .. 14 14 114 14 1H H 54 I 1 94 14 114 ! l.J!ll?(J MIUK It 500 SVi United TTug lat pf. 46)4 100 . t,H.ic-u nv invent. KI4 . . Unit r.wy Invest pf 26)4 . . United Retail Sterea 7094 .. U R r: I P a Fdy.. 25 V ..US Ind Alcohol.... 6214 2C0 2200 140 1400 100 1000 1300 700 17600 100 1600 400 100 400 800 900 200 100 800 900 100 300 100 500 1200 800 600 1300 600 1400, 400 300 200 700 30O tee 201 .it e u n ueaay & imp. . 85 ..US Realt & imp rta 1 ..US Rubber 52 li' 8 U S Rubber 1st pf . . 95 14 6 U H Steel 10314 7 U S Steel pf 12054 'i'4 H 21-4 a uian uepper 63 . . Vanadium corp ... 33V . . Van Raalte 61 !4 . . Vlvaudeu Ine 14 .. Wabash 914 . . Wabash pf A 25 V 1 Weber & Hellbrenei 1 1 14 7 Western Klec pf...1!2H .. Western Maryland. 12tj . . W Maryland 3d pf 25 .. Western Pacific ... 1054 Western Pacific pf. 584 7 Wehtern Union Tel.111 4 WeBtlngheutie A U. 99 V 4 Weetlng BAM.... 604 .. Wheeling, A LB 10 .. Wheeling A L K pf 16 54 2 White Eagle Oil.... 32V ,. White Oil Cerp.... 414 . . Wickwlre Spenc Ftl 1 1 54 .. Wlllyx Overland ... 54 .. Willys Overland pf. 39V ,. Wilsen A Ce 38 V 8 Woolworth F W...213 .. Werth Pump A M.. ?8 6 Werth Pump II.... 6314 l Wright Aero a 54 .1 JO?4 ,33U 32 454 nv 514 3914 3814 111 27 54 63 54 9J4 1 14 ! 51 3i Raw Sugar Quiet, but k.f'Snfinfta- 'aui;,b7,T.?r.rV 111 lha r. t .!.,. An i v v '.xii i ru r.iiiiiiipaii DSLUHHav ..a nm --.-.,,, ...... bvi u aiiusrv sni nm 1 .psaue iiAniit. .1 1 . nn 1 . - -.. luh mnri rrai ir lit . inni.iniii. iianiiiBL r- - iciiuiir 't - --. . . i mk tin rsnia .i -: . -.. '11 r.fii luui MkMur uanw.nnnimi Kunniim r.HT.WEAKENSON Fi Net -Oct. - Kj Comparatively Little Stock Was UIIILY SQUABBLE 30 14 32J4 54 47 49X 4- U 4614- 4 4414- lis 2714- 2H 12TJ- 14 26Xf X 50 - 3X Dislodged in the Break ' te 30 111 .i... ..i4.Milnni wm rele gatti te (he barkKretind in local financial market circles today by the circumstantial evidence pointing te serleuH dissension In the P. It. T. effl eial family. The street waa Incllnyd te Eass the resignation of Vlee J"ilepnt Uehardsen lest week ever lightly. The ' 1 ! - .. - - 54 developments, however, ever sununj, miw.1.. iniit h matter oreb- It X X IX ably was mere aerleus than nt first suppe-Md. '. . While the street vra mere or ij In. the dark aa te real circumstances 1 of the case, the .Incident, nevertheless, created mere or less apprehension, 8iici thlH found reflection in the weakness of the Meck of the V. R. T. A quick sue sue cesalen of wilea nt the outset carried the quotation down te 30. ranking a net less of 1 points from last weeks closing level. A comparatively small amount of stock was dislodged, but the offerings occurred when the market was temporarily, nt least without concerted support or nny buying power te speak of. The selling pressure, however, wen relaxed and the decline was checked at the nbeve given figure. Moderate buy ing later rallied the price te 31. The Incident was without effect upon the ether local nhnres and the under lying stocks of the P. n. T. as well. Union Traction yielded nt U. te V.i, but steadied en the declaration of the usual 'Mini-annual dividend of e per cent, or $1.80 a share. U. O. I. was netablv firm at par. which was pnrti" traceable te the announcement of the quashing of the indictment in the New X - 1 X - IX ... - X - 14 .... - !4 14 - 114 X - 14 .. - . - -IX - I X - 114 !4 1 114 54 X IX - 1',4 Yerk redernl Court charging tne com pany with monopoly under the Sher man Anti-trust law, In connection with manufacturing and- distributing Inca descent light equipment. 2-1 2014 - 14 714 -. 3714 14 1914 14 1 14 - J 85-1 4614- 1 9354 !4 894 54 4X- 54 10 Philadelphia Stocks 1:ts Nt High 1iw P. M. che. 10 Am Oas.. KO SO W) -1 75 Am Rwys. ll?i 11s! ll?i ? 15 Duff & 8 t c pf . . . Xi 53 i"f! 1 flfttrniif im. neiVi r.n4 nriai25s lOOtCM&StP 24 Va 24 Vi 241 15 East Shere O&E pf. 2rt 28 20 . 14 1 114 14 14 1 030 EIcc Rter. 58 4214- "1 57 Erie Light 121-4- 4314 -' 45 -57 34 - 20 1; - 1 770Pennnnit 47 Vi 40 40 40 Penne Halt se be SS . . BPhlla Ce cum Pf.. 42 42 42 312 rhiln Elec 31 30 31 . . 05 de nref . . 31 30 30 U IX X 14 1M 1115 Phlla It T 32 30V. 31 1'. t 25tneudins.. 7V4 704 7 1 lOOTone Bel. l3 Hi Hi S50 I'nlenTrac 41 41 41 V4 U 335 UG I.... 50 50 50 20 de pref. . 55 55 55 100 War I &8. 8 8'(, 8.. tNet-ehnnse maite by cempsrliien with lat ale en New Yerk Stock Enchant. I'HII.MtEM'IIIA ll(I.Ml 3000 Electric & People's 4s. . .00 1$ 1000 Lehigh Vnlley gen 4s. . . . 81 4000 Phlla Electric Ut 5s. . . . 00 11100 Phlln Electric 1st 5k. .lets OOMi 600 1'him Electric Ut 5s lOOVi 60001'hila Electric 5UjS..lets 101 1000 Phlla Electric 0s 104 1000 Spanish-American lis. ... 100 X 45-2 2114 114 62 15 -J- 14 B2 - V 1914- 14 2354- X 41 - V 18 ..? 3054 - 14 5814- X 214 X 554 14 - - - - - - - - - 3 1 X X li I li News for Investors November geld production of Deme Mines was valued at $353,405, again ?382.712 in October. The average price of twenty active Industrial stocks advanced .18 per cent en Saturday, te 05.01, while twenty railroads were .30 per cent higher, at 85.80. At a special meeting, stockholders of the S. S. Kresge Company approved an increase In the capital Meck from $20,000,000 te 50,OOU.OOO. Ne action was taken en the declaration of a stock dividend. The West Penn Company will begin erection of n large power plant at Hptingdale within n few vvclis. and according te A. M. Lynn, tht presi dent, the outlay will aggregate mere than $0,000,000. American Steel Foundries' statement as of September 30 shows total assets 118 61 IX 57-14 55 - 154 124 J4 714 414 2814 :"- 4654-604- 22 X 125 I X X 14 14 114 X X 14 IVi and liabilities of $02,070,543 mid profit nnd less surplus ?!,. u.M(. Current assets totaled $10,084,100 and current liabilities S5.060.451. ?3 54 53 - 8014- 16 -,3,114- The Stock List Committee of the Philadelphia Stock Exchange has today admitted te the unlisted department of 1 lm rvelumsn I'hiladellilua Electric?- Company definitive first lien and re funding mortgage geld bends. HV Den 130 ilO 11054 -f- 3414 :- 77V4- 4614 1214- 54 ; cent due HUT. in lieu nt urexei a te. '4 interim receiplH for said bends e.tric!:eu ! . from the unlibted department. 54 , Hettleinent nf obligations of the Hub 14 marine Heat Corporation te the I'nited Im ! Cn.au MVilnnlnp llnnril. nimrnylmnHnir Yt e., 2X I $5,000,000, will probably be announced "K-j V I the latter part of this week. It is ex- Si. - ' peetel the avy iwpurimenc -win transfer ita indebtedness te Submarine Heat te the Shipping Heard te apply nn neenunt due them. at 3014- 254 1S: 'It 61 X- 114 14 A $3,000,000 issuii of State of Reulh Uaknta I'Ji per cent ivveniy-year cenns is being offered nt 103, te yield ever 4.50 per cent, by a syndicate composed of Guaranty Trust Company of New Yerk, Stacy & Hraun. William It. Compten & Ce., Wells-Dickey & Ce., Bankers' Trust Company. Ames, Em erlch & Ce., Hannahs, llallln & Lee, Mississippi Vnlley Trust Company of St. Leuis. The Mexican Petroleum Company, 04 tier lent of which is owned by Pun- 914-24H-IHi-i '!iH: 24 -1654 38 III J. 9954 1 American retreieuui. uinunueu its i ecerd-breaking enrnings in November. Net uvallable for dividends en the common after all deduct Inns m $5 u share ou 457,000 shares common out- 52. .- Hi J a 13 -32 V 414-l'X- 514-3914-38)4-212 -f 28 -CJ14- 9X 1!4 htandinir. Enrnings in eleven months ended November were- about $05 a share and the rempanv will close the e.ir with earnings of $00 en the com mon. Kennccelt Copper directors thle week will discuss the quewien of divi dend resumption. It Is .expected a 5(1 cent uurterly rale will lm declart'd, although, In some quarters a 75 .cent ilei'lnrntlnn Is forecast. With dividends ! 14 14 14 te be declared this month bv Utah Cep. 4 per and Mether Lede Coalition, Kenne- Streng KR'ffi cett sbeuiu receive irem us invesiment In 30 per cent of the former and 50 per cent OI inn luurr mini ii m, -,, 210fGen Asnh. 41. 41 '5 41i 1. ,?? 100 depref... 74'I 74 li 74'4 f;5 M 20 In Ce X A 41 U 41 4 414 . . J14 15 Lake Sup. Ji Jis JVi-' IX 4)4 IjfU iHY.. It It It Ti'I e2255jWBSBB8ff I BnHI'BIHHiaiBiHBtLki HeSeS skkl HIBH1 rBvVMSRyUisssHIIYai llssH kBsuHlliHBOVH RBEgBBBBBBBBVBBMiHSRBPfcBBBBjPJBi It Was Hamlet Contemplating his mother's hasty marriage, who said that It was thrift that made the funeral baked meats coldly furnish forth the marriage tables, but thrift dpes net mean stinginess and parsimony, but rather administration of one's affairs with a budget as ncempasB and a purpose as en object. Then be thriftythrifty for your present ease of mind thrifty for the hard days that may come in the future. Save some of your earnings each week or month, as the case may be. Open an account where you come every day or week or month at the Third Vatiienal J? a xi In the Center of Things Opposite Bread Street Station SSilH5 4.IIV Insurance and . iysT com Statement of Condition November 29, 1922 The Company's Funds are invested as fellow.: Cash $345,760.3S Leans Secured by Collateral 1,163,512.33 Leans en First Mortgage 2,216,29.90 U. S. Government and R. R. Bends 624,511.53 Commercial Paper 133,825.07 Banking Heuse and Other Real Estate 235,983.06 A Total of $4,719,892.32 Te Protect $2;504,459.47 of Deposits T. MORRIS PEROT, JR., President DIRECTORS Themas R. Tunis T Merris Peret. Jr. David Milne Geernc M. Hendersen Alan H. Reed Henry Paul Busch Charles W. Beck. Jr. Mencurc Diddle Arthur V. Hutten Francis II. Ilcmpcrlcy Frank J. Stull William Henry Hroeks b L-leyii Leates rancts R. Tayler Jehn P. MacBcan United Security Life Insurance and Trust Company of Pennsylvania 605 Chestnut Street Philadelphia Meney te Lean On all classes of high-grade income producing properties in Philadelphia in amounts of $500,000 and upward. BUILDING and PERMANENT LOANS American Bend & Mortgage Ce. INCORPORATED 662 Fifth Avenue, New Yerk Chicago Detroit Grand Rssidi Rockferd Dtvtapert Columbus Clmlted Capital and Surplus $1,500,000 OPPORTUNITY Fer a brokerage or investment company te mst'te semn renl nmfit in refinancing a yeunK geintj company. CoiUrVllimTteck caPn ba purchased at bargain, stock hog Un sold or S market The company owns patents and manufactures the npperatu? which has te finance such a preposition. K " te thoie v'he ftre wlUlnB ADDRESS BOX B 319, LEDGER OFFICE jKPajznsAPPfAisALs Santn Pell,..!.. e 10,1 mmmm OOKE'tVCO ENONEE ?nS J m r- ' I? ! I Cetnutdl 1 J Standard Gaa ft Elec. 6a, 1926 American Oaa ft Site. a. 2014 general Cggftlite. 7a. i,a Empire Reflnlaar aa. 1917 AUH,tTAHHACO. Li ? '' '. . . --- ,i ''v.V. 4
Significant historical Pennsylvania newspapers