S-J' -A '
t' i . tf)fyi 'fsv; tyr i tA;,'rf ?iv vy-ts TyPf
i3A .V.ivftW t f t,Vi
zrrFXx
r v v r yfr tiwwyrm,V TOS WBlVMHfcMjrsffiVKTrA
fi ' '"V "v "
1
EVENING PUBLIC LEDGtiR PHILADELPHIA, FRIDAY, DECEMBER 8, 1922
3G
V
.f n
Pi
trtf'i- j.j.t-Tl
FEDERAL
INCOME TAXES
FOR 1922
We have ready for dis
tribution a digest of the
Federal Income Tax Act
which should be of ma
terial value in preparing
'individual returns.
It is often possible for
investors te effect large
savings in income taxes
by a re-arrangement of
investments.
REILLY, BROCK & CO.
306 CHESTNUT ST.
PHILADELPHIA
National City
Recommendations
A catalog of carefully
selected BONDS 'for
your December funds
Telephone or write our
nearest office for your copy
The National City Company
Philadelphia 1417 Chestnut St.
Atlantic City Chalfonte Bleck
122S Boardwalk
"Alabama Power Com
pany Carrying Out
Amazingly Bread
Development Werk"
This is the title of an
article from the current
issue of the "Manufac
turers' Recerd" a re
print of which we shall
be glad te furnish upon
request.
Harris. Ferbes & Ce
FiM St., Cor. William
NEW YORK
PHILADELPHIA OFPIC3
Widener Bids.
Telephone Spruce 7040
NOTICE
STOCKHOLDERS
GOLDFIELD
DEEP MINES
Fer the convenience of eastern
shareholder nrruiiKcineiits have
been made for the Security
Transfer unci ItcKistrtir Company,
GO Ilreaduay, New Yerk, N. Y.,
te act as transfer tiKL'iitH for the
stock of ;ei.Drn:i.i di:i:i
MINKS COMl'ANY OF NE
VADA. Official reports of iiiegrexs will
be si-nt te nil xtei'kliuldcri of
record.
II. a .MrMAHu.V Serrrtary.
BEARS FAILED TO
E
NEW YORK STOCK EXCHANGE TRANSACTIONS
Only AlUtnoen Repert In Phltadttphia Quoting Full Lttt
A REACTION
Rails Were Seft In the '-Early
Dealings, but Recovered
With Industrials
EXTREME DULLNESS
IN LOMLMARKET
Prices Were Well Sustained De
spite Churned Condition
of Big Beard
New Yerk, Dec. 8. The rails were
the weak features of the early market
and the further retreat in this division
naturally hed an unsettling effect en
the general trading. Scattered liqui
dation nnd short selling were encount
ered during the most of the morning-,
but the reactienists apparently were
unable again te dislodge any consider
able nmeunt of long stock, or start a
general selling movement.
While the list, as a whole, seemingly
had a soft appearance at Intervals and
revealed little rallying power, It was
noticeable that some of the promi
nent shares offered strong resistance
te the selling pressure. This was over
looked for n time by reason of the heavy
offerings of the rails nnd some of the
speculative favorites In the industilal
list. Material roncesslens took place
in several of the neu-dlvldend paying
rail, but elsewhere the declines were
net serious.
It would be difficult te pin down anv
direct cause for the heaviness of the
rails except the fears entertained of
hostile legislation by the incoming Con
gress. The group for n time were
without suppeit, Intentionally or net
it would be hard te pay. However, if
the reneerted nttack en this division
was made for the purpose of forcing a
general reaction, the coup was a down
right failure.
The resistance which developed at
the lower levels caused a considerable
portion of the trading contingent te
Immediately shift position. This appar
ently enused some uneasiness en the
part of the shorts and before midday
was renched a general covering move
ment set in. The rebound in the rails
was net se pronounced as that occurring
in the Industrials, but still a greater
part of the early declines were retrieved.
Commodity Markets
Dlv.
Salts In f
100
100
100
3500
300
2200
2600
500
100
tee
200
tee
2600
tee
100
200
400
3 00
1800
200
100
700
100
1300
800
1200
400
100
500
1500
200
COD
600
tee
tee
100
201
100
I 100
tee
8300
3700
200
1000
2000
STOCK Hlth
4 Adams Express . 60
& Advanc Rumely pf 45
4 Air Reduction .... 57
.. AJax Rubber 13
.. Alaska Juneau O M 1
. . Alaska Geld Mines.
4 Allied Chem A Dye 74 V
4 Allls-Chalmera .... 44 7
. . Am Agrle Chem pf, 59ft
. . Am licet Sugar. ... 40
4 Am R Sh Fdy new. 75
7 Am Ice 107V4
6 Am Can 72K
7 Am Can pf 1t0i
IS Am Car & Fdy.... 104
7 Am Car & Fdy pt..123
.. Am Cotten Oil.... 1H
. Am Intcrnat CerO,. ?8
4 Am Locomotive .7.1
tt Am Safety Razor.
. Am Ship & Cem.
Am Smelt
7 Am Smelt pf....
a Am steel Fdy.
23 M
7
21
53 J4
091.
38 M
Am Suitar Ref 7514
9 Am Tel A Tel 124
12 Am Tobacco 153Ja
.. Am Waterworks ... 27
7 Am Woolen 95 JA
. . Anaconda Copper . 49
. . Ann Arber pf 31
4 Asse Dry Goods... 07
Atch Tep & San Fe101
8 Atch Tep & S F pf 91 U
7 Atlantic Coast Unci 14 a
. . Atlantic Fruit .... Hi
. . Atl Gulf & W I S S 24 V
. . Austin Nichols 32
.. Aute Sales Cerp 3'
. . Aute Sa'.es Cor' Pf. '
7 Baldwin Locemotfve123',4
.. Ralttmore & Ohie.. 42i
i aum ft onie pr.... a-
. . Darnsdall Class A.
. . Rlltnnll.'iH Mln
600 4Se TWrhmit PnpJtlnt. .
2700 6 Beth Steel U
100 .. Beeth Flahprlc ...
200 .. Bklyn Rapid Transit 16?,
1700 .. Bklyn R T Ctfs 13?4
1400 .. Rrewn Shoe G0
100 10 Burns Bres A 16i
3100 .. Butte Cep & Zinc. B
300 .. Butte A Sup Cep.. 30
100 .. Cadde C'en O & R.. 73i
3300 .. California Petrel .. 50
400 ., Cal Zlne and Lead. 01 i
100 10 Canadian Pacific ,.U0t
200 .. Case J I Threshlns 30U
400 .. Central Leather ... 33 h
100 .. Cen Leather pf 70
2700 .. Ccrro-de-Pasce .... 3?ji
3330 0 Chandler Meters .. C3',j
200 4 Chesapeake Ohie. 65 V
100 6',i Chesapeake & Oh pftOl 'a
32'a
i
SOW
622
GRAIN MARKET
Chicago. Dee. 8. Although unex
pected declines in Liverpool quotations
led te a downturn here in the wheat
market today at the outset, n rally seen
took place. Failure of Argentine price,
as well ns Ihese al Liverpool, te I
respond te yesterday's reports of har
vest delay and crop damage in Ar-
gentina, was mere than traders here
were prepared for. Gossip, however,
that the President would address Con
gress today, and might urge farm relief,
legislation helped te renew bullish sen-,
timent.
The opening, which ranged from J,sc
te -c lower, with May Sl.HHs te
Sl.lOVj and July $1.07'), te SUIT'. I
was followed by an interval of hesi- j
tiuicy and then by gains ail around.
i ern and eats paralleled the action
of wheat. After opening i-fcc te ".,.'
lower. May G9i' te ()!, the corn
market scored slight gains.
Oats Marted a shade te c off. May
13e, sagged n little mere, and then
began te climb.
Previsions reflected firmness in hog
values.
tst. elese Open
70 lj
r,p'i9 CO',
Tern
December
Mav
Julv . . .
Wh-at-Dpwmber
Mav
Julv . . .
Oam
December
Ma-. . . .
July . . . ,
Hyp
M.i . . .
l.art
Mav ....
Bid.
70
70,
1.1SS
l.in',
l.OS'i
-in
40'i
l.lStj
l.HlhWl.lSi,
1.07' 4J!.07
IK
43
12 .: i
Tin., j
TO I
uu
l.lt'i
1.08',
43',
.10 03 me:
COTTON MARKET
New Yerk, Dec. 8. The census gin
ning figures of 11,318,144 bales, te De
cember 1. had little effect en the cotton
market, which opened 4 te 17 points
higher. There was further hull support,
and buying by Wall Street, commission
houses nnd Liverpool.
It was the general idea that the gin
ning reports pointed te a crop of around
lO.UOO.OlK) bales, possibly a little less,
and there was at tirst no great press
ure noted, although Inter the selling In
creased, notably from New Orleans in
terests, nnd prices dropped under lust
night's close. On the renctien, lernl
traders and Japanese houses nise sold.
Yem clote Open 13 M.
84.11
, j.m5?ns
2 I TSC'iSl
. a I 7flT3
,2 42
. r.'.UT
Iecernber
Jumiar .
March
Mav . . .
Jul ...
October .
Hid
21. SI
21 HI)
J. 'HI
2 I.ST
24.4H
23 K,
4.TS
4 s:,
4 7T
I 4.1
Bends for Investment
We Own and Offer
A Gas & Electric Bend
of a Company serving nearby
communities.
Guaranteed Princi
pal and Interest
Free cl Penna, State Tex
Te Yield 6.30 rc
Information Dnen Reiiueat
REID, McCLURE & CO.
I V Members of Phila. Stock Exchange
1 1418 Walnut St., Phila.
NEW YORK COFFEE MARKET
New Yerk, Dec. H. The market fc r
coffee future opened at a decline f
1 point with transacriens reutined te a
few jets in December and March. Ad
ditional notices for 1000 bags December
were issued today.
At midday December and March con
tracts hud sold off n couple of points
with little or no suppeit in cvidenie
December was switched te May in 2"
points and Maieh te May at J!e points.
Trading continued very quiet.
Prev cle, Oeen
IleeVTIler i I t tu ,J
January .
March 16JS3
Mav . . . H.20 4 2J
Julv . Sfliiaj
H-'piPi. ber '5.4-Si 4J
Nembu
fl
!i SO
9 .liar, j
li 19M2J
S ti0!lg
S 41t(4S
S 00
4D0
700
13D0
tee
33W
5500
700
100
100
4400
103
100
4300
100
100
300
100
103
103
300
100
300
100
200
2103
C500
2900
1700
40)3
12700
13603
100
2630
103
103
100
100
800
300
100
703
200
2400
600
100
100
700
203
100
100
100
3503
600
100
1800
100
200
203
37J0
100
700
1930
tee
2930
100
930
703
100
100
300
100
100
1800
700
100
103
300
6J0
10J
300
13J0
100
700
i:e
103
20W
100
5 JO
100
300
100
6400
1700
13100
76 ?a
Z5
5
Chlnacn Alten... :',
. . Chicago & Alten pf. 3W
.. Chi & K 111 273J
. . Chi & Gr West pf . 9i
. . Chi Mil & St P 23
.. Chi M ft St P pf. .. -61
6 Chi & Northwestern 01
7 Chi & Northwest pf123
4 Chicago Pneu Teel. 79 U
.. Chi R I & Pac 323i
6 Chi R I ft PC 6 pf E3
7 Chi R I ft Pc 7 pf 92
.. Chile Copper 27 94
. . Chlne Copper 24
7 ciueit-reaneay pr ,,iw j
6 Coca-Cela
. . Cel Fuel & Iren .
3 Cel & Southern . .
6 Celum Gas ft Elcc.lCO'j
. , Celum Graphophene ZVi
.. Cenlcy Tinfoil 16ia
. . Consel Cigar S7 ?4
. . Cen Cigar pt 84
.. Consel Dis Inc !i
8 Consolidated Gas ..122'i
. . Cens Gas of NY wl. . 607a
. . Cens Gas rts 1't
.. Consel Textiles ... I2J-2
.. Continental Can ...1C6H
4 Cern Products Ref. 132J4
4 Cesdcn & Ce 50'A
T Cesdcn & Ce pf 100
.. Cruclbe Steel .... C5
7 Crucible Steel pf... 90
.. Cuban Am Sugar... 23 Is
.. Cuba Cane Sugar.. 14
. . Cuba Cane Sugar pf 38
. . Iavlsen Chemical . 27
6 Delaware & Hudsen 1214
6 Vel Lack & West. . .132'4
2.Dome Mines J2'j
6 Du Pent 60 deb pf 84 J8
4 Elect Storage Rat... 58
.. Elk Hern Ceal 23
E Endlcott-Jehnson .. ?6'i
7 Endlcott-Jehnson pf1!9
.. Erie 10J3
.. Erie 1st pf 14Ta
8 Famous Players L. 91 'A
6 Fed Mln & Smelt pi 52
10 Fisher Bedy 178
.. Flsk Rubber 13
. . Freeport Texas ... 19
7 Gen Am Tank pf..103
.. General Asphalt ... '6J.4
C General Asphalt pf. 78
6 General Clsar .... 81 Ji
8 Gen Electric 184
4 General Meters .... 13
7 nimhel Bres DI. . . . e
. . Goldwyn Pictures
.. Goedrich B F....
7 Goedrich B F pf.
7 Great Northern pf
r.rav & Davis. . . .
s rjrt Verth Ora ctf 31
.. Gulf States Steel... 75 &
7 Gulf States St 1st nf101
. . Gulf Mobile ft N pf 41 ,
. . Habtrshaw Elec ... I H
7 Hartman corp .... 824
. . Hendee Mfg 18
2 Hudsen Moter Car. 24 's
X Hupp Moter Car... 24
. . Hydraulic Steel ... ''j
7 Illinois Central ....107U
,. Indlahema Ref .... 15 '4
.. Inspiration Cen Cep -3
.. Inter Cen Cerp pf..
. . Inter Rapid Tran . . 20
6 Int Harvester new. 09
.. Inter Mer Marine. 11!J
8 Inter Mer Marine pf 50 V2
.. Inter Nickel 14 '2
International 1'aper t'j
invincible Oil Cerp lb!2
6U
35 V
84 J4
79
11 U
Island Oil H
Jewel Tea TO!',
Jewel Tea pf 68
Kan City & Seuth.. 19 "4
Kansas & aulf 2'i
Kelly-Sprlngfleld .. 44 J j
Kennecett Copper ... Zb
Keystone T & It.... 10
T.0TT
68
45
57
12
1
H
73J4
, 441,
59 r
40
75
107JS
71
110
1H4
123
17 'i
?8
122
6?
21
53
"9 '4
37 ?i
74 34
'23JB
153
27 4
S5Vi
40 U
31
f7 'I
1C0
91U
114H
1
24
32
- 3J4
14
121
42
57 Vi
327a
li
50
01 'a
5
1G?A
13?B
59 l
1465J
8
30
7 3;
161,4
3
140,j
30
:3',4
70
3
61 i'a
65 V
101 U
2 Ve
3H
27
9?4
21 7-a
-414
tOJi
123
79 U
31 12
E3
92
i V!e
?4
102Ji
76
ZS
45
KOJj
2K,
10 'j
i7 5a
84
121 li
60 ?a
2l'
12!a
K4!,i
I28i
9l8
100
(3
90
23 i
14
28
119
132U
4 2 Kb
84
57 Vi
23! i
f6'i
119
10U
14?i
61 '
52
178
!2'
18 7a
103
45 U
78
81 M
184
13&S
96
6
J4-J
84 y2
78
11 U
30 34
74
101
417k
1a
82 U
18
24 V
24
4 ii
1 07 ti
15 "4
33a
5a
19'i
87
"!J
50
14'
IZ'i
15'4
H
20
f8';
19
2K.
42!-,
55 H
9!i
1:00
P.M.
68
45 4-
57 -
13
1
H
73H4-
44V4-
Nt
Chge.
V
74
V
V
5974 4- Wi
IK
V
i
Vi
Va
Vi
14
40 4-
75 4-
107-
714-
110?4-
184 -
123
-
12314 4-
7 4
21 53lj4
99 7,
1J4
15312-27-95
li i-
49 -
31 -67?5
4-
101 4
91 14 .
1143i ,
145 -24
1,4
3 -
3',i
14 4
123'4 4-
WA r
57K2 ,
32 'i ,
li
50 Vs.
f2's -
5
16?i -13'i-6014-146?4
8 y2 --
30 4
140;; -30
33 Vi -70
43 9a 4
65 V4 .
101 va
2a
3 -27
94
228 -35!i-03-
123
79U-32?i-E3
-2
-27
J4
24 -
102V4 4
76?8 25
45 4-
1C0V4-
2Vi .
1 G Vs -!
37 4-
84 -!
Vi .
1 22 Vi -C074
4
2'A .
12',4-f
105 7a-
132V4 4
50 100
23 74 4
14 38
27 4-
119 -
132V4
42 Vi
84 -58
-t-23?i
E6VS-
119 4
10V4 .
V4 -V
52 -
178 -
1274 4
19 103 4
46V4 78
81 H 4-
184
1374 4
96 6 -
;HV4 4-
84 Vi
79 -
11V4
31 4-
75H 1-
101 r
4174-
194
-24
74 4
24 -
414
107V4 15 Vi
J3V4
H
20
88 -HJ4-50V4-14
14
H
20 -
68 Vi I
19 ",a
''4Vi '
i5s8
9a
!i
1
1
Vi
4
V4
!4
' I
196
Plv.
Sales In I STOCK Hlth N
200 ., Lackawanna Steal . 77
203 .. Lake Erie A West.. 39
800 2 Lee Rubber 26 J4
800 3 Lehigh Valley f2K
100 12 Liggett ft Myers... 220
200 12 Liggett ft Myers B.220
600 4 Lima Locomotive .. 57
100 .. Loews Ine 18 V4
100 1 Lett candy It K
100 7 Louisville A Nash..133Vi
3400 .. Mack Truck E6
J00 7 Mack Truck 2d pf. 84
100 7 Mackay Ce 112
100 4 Mackay Ce pf 69
300 .. Malllnsen Ce 3274
100 .. Mmiatl Sugar 47 V4
300 .. Manhat Elev ctfs... 4974
-122 3 Mnnliat Shirt 46 ?4
2303 4 Mnrland Oil 2974
100 .. JIatlln Rockwell ..4 274
500 .. Math Alkali 49
.122 Ma Motem Class B 1594
1200 10 May Dept Stores. ..174 i
300 12 Mex Petroleum ...238
100 2 Miami Cenner f6J4
Nut
Chge.
3200 1.20 Middle States Cerp. 129.
. . MKlvale Stcet Z0?
. . Me Knn & Tex (wl, 15Vi
. . MeK&Tlstpd 36H
. . Missouri Pacific ... 16?i
. . Missouri Pacific pf . . '3
. . Montgomery Ward. S0JJ
1 Moen Moter Car... 17'.
H Mether Lode Mining 1 1 5
1500
450
200
400
1500
100
1030
2000
10
44
100
100
5900
100
200
3100
300
100
1300
600
1600
1400
300v
100
503
10 Nash Meters 525
C Nash .Moter pf, 1 00
.. National Acme .... 13
7 Nnt Hlscult pf 100
3 Nat Biscuit wl 36 7a
.. Nat Cen ft Cable... Hi
6 Nat En ft Stamp... f5Vi
5 National Lead 119Vi
7 National Lead pf. 114
.. Nat li R of M 1st pt 6?i
.. Nat R R pf M 2d pt 3Vi
6 N O Tex ft Mcx... 82(4
6 N Y Central 95
. . New Yerk N II ft II 21
7 Norfolk ft Wcatcrn1lOV4
6 North American ... 13?a
6 North Pacific 76 V4
14
1
's
1 la
IVi
' li
94
1
U
1V4
294
!4
194
" 14
194
94
1
100 2i Ohie Pilet SiinnK' 62
100 .. ekla Pred ft Ref... 2
300 .. erpheum Circuit .. 19V4
200 ., etls Steel OH
1 00 . . Packard Moter 20 V,
1 00 . . Pacific Devel Cerp . ' '-
300 6 Pac Gas ft Elec... 854
1003 3 Pacific Oil "6 7
10603 8 Pan Amer Petrel... 99 M
11200 8 Pan Amer B 94'
100 3 Pennsylvania R R.. 4b 'j
1000 .. penn Seaboard Steel 3H
300 6 Peeples Gas Chicagt ?0
1700 .. Pere Marquette .. :3'i
100 3 Philadelphia Ce -. . '094
203 3 Phila Ce 6 pf 42
1800 2 Phillips Pet 44 Ji
1 500 . . Plerce-Arrew Mote 1 2
1700 .. Plerce-Arrew Met pt 29ai
1100 .. Pierce Oil ?a
200 .. Pierce Oil pf "0
16503 4 PlRRly Wlggly Stere 1 94
100 .. puts Ceal 59
100 fi Pitts Ceal pf IPO
100 C Pitta & W Va pt... 90
100 5 Pestum cereal . ... 1 1 0 1 i
5700 .. Producers & Ref... 13V4
103 8 PubScrCoref NJ.. 9494
3200 8 Pullman Ce 17
100 .. Punta Allegre Sugar 47 9a
103 2 pure Oil '7 94
400 .. Ray Cen Copper... 1354
2013 4 Reading 7674
203 2 Reading 2d pf 50',
100 .. Remington Typew ..3594
1031 .. Replog'e Steel .... ?4
400 .. Rcpub Iren ft Steel. 47
1800 3 Reynolds Teb B.... 407i
100 .. R Reis & Ce 1st pf 76
1000 4.13 Royal Dutch N Y.. 53
There was n further-slackening of the
trading In the lecnl mnrkct, with gen
erally narrow price movement. It would
net be necessary te leek further for
reason than the churned stale of the
bigger market in New Yerk. The hliihl.V
variable character of the fliictnnltens
en the big heard the Inst week was in
most certain te promote caution nil'1
discrimination in general trading.
In nddltlen te the restraining In II it
once of the wabbling mnrkct in .e
Yerk there was also a lamentable lai
nt dnciliinmnnta nf lnr'ril cnlnl'ilur whir
might bolster up fresh interest In lb
home shares. The mnrkct nNe in 1
mensure suffered from the disappoints
action of Klectrle Storage Unl'ery e
the nnnettncemeiit of the generous ilivi
dint policy.
Most of the local stocks moved wl'li
in n narrow range, few exceptions w 1
supplied by inactive Issues, r. (t. 1
continued one of the firmest spots at .11
the week's top price, r.irnnc r.iiv
Ililttery also displayed no.rwerlli
steadiness around W te ti.Mfr. J'cnns.u
vnnla held ground well, despite Hie
sinking of the ether rails. At one t me
.1. .-:.,.. ii. ...n-nt., i. It. T . 1 lllndel-
llllllHK mi iianimihi ' ' j , 11
phin Electric common nun pren m.u ....
brought the same price of .11. I he
I'hlladelphin Klectrlc shnrcs lu;ed sliatl
0,1 i,m p. tt. 'IV held. Tnlen Traction,
selling ex-dividend of $1.."0 a share, was
taken nt -10, making the price unehnncc.1
from last nlghfs quoiaiieii. inriiiuin
the dividend.
1 Philadelphia Siecks
1V4
J! lilHiiit -W' ml &
,', DIRECTORS .
Oie.BmKsAU.Ji.
WiiuauWoeo
CnAaiuWiiiun
CMti.B.lNOtllOU
A. A. Jacksen
SamuiiM. Cuwik
CumkciM.Biiewn CnAmE.MA-
Stivimi HtcKicsta Haut P. Baku
i' -v
AvmiD.Amduwi
). BAITONTewNtM
C.FMDKC.9nv(
BiMAMm Run
WuuamPeit '
CuutKrB.ktWMU -
. Andersen Ress, President of the J. Andersen
Ress Ce., Mttlioerk and Lumber, Philadelphia, said
te us:
"In my thirty-three years of business ex
perience, I have found that the Bank
which cares for its depositors in times of
business depression is the one with which
te deal. Eveiy householder should have
a bank account."
Central National Bank
of Philadelphia
Chestnut Street at-Fifth
Capital SI, 000,000
Surplus and Undivided Profits Earned $4,800,000
'A
894
3514
32 V4
6?4
H
H
2V4
I
St Leuis San Fran. 22 V4
. St Leuis S Fran pf. 399a
. St Leuis Southwest 2974
G St L Southwest pf. 8
. Saxen Moter 1 Vi
. Seaboard Air Line . 5V4
. Seab Air Line pf... 8V4
. Scnrs-Roebuck .... eOVi
. Seneca Copper . .
200 tec Vi Shell Transport
5200 2 Sinclair Consel .
6 Southern Pacific
. . Southern Rail 2314
B Southern Rail pf. .. 14 'i
8 Standard Mill 132
5 Stem Hros pf 105Vi
. . Splcer Mfg 18?4
4 Standaid OH of Call 16
B Standard Oil of N J199V4
3 Sterling Products . . 3
4 Slewait Warner Spd 56 VJ
B Strembcrg Carb .. 5714
10 Studcbaker ,.124
. . Sub Beat Cerp 7 74
.. Superior Steel 29
3 Texas Ce 47 Vi
C Texas Gulf Sulphur 61
.. Texas & Pacific. ... 21 !i
1 Te:t ft Pac c & O.. 21
3 Tlinken Rell Ur.... 3 i
.. Tobacco Products . '4V4
7 Tobacco Pred A.... 81 Vi
.. Transcontinental Oil 194
.. Union OH 17
10 Union Pacific 138
4 Union Pacific pf.... 74 14
8 United Krult 155
.. United Retail Stores 70H
.. U S C I V ft Fdy.. .5V4
..US Feed Preducvs 5
.. I" S Heffman Mach. 19&
.. U S Ind Alcohol.... (6Vi
6 U H Realty & Imp.. 6
..US Realt & Imp rts 91
..US Ribber T3V4
8 U S Rubber 1st pf . . -6J8
BUS Steel....'..
7 U S SUel pf....
3 U S Tobacco . . .
2 Utah Copper . . ,
. . Utah Securities
. . Vanadium corp
.. Van Ranlte ....
. . Vlvaudeu Ine . .
.. Wabash nf A. .,
1 Weber ft Hellbrener 1 1 V.
B Wells Farge Kxp... 8894
7 Western Klec pf . . .1 12Vi
.. Western Pacliic ... 16
7 Western Union Tel.112V4
4 WcfclliiBlieuse A B.101V4
4 Westing K & M 60
2 White Eagle Oil 32 V4
.. Whlte Oil Cerp.... 4V4
. . Wlckwlre Spcne Sll 1 1 V4
.. Willys Overland ... 6!j,
.. Willys overland pf. A0K
t, 11 '.!.. lit A .v a.
i. iifctb aiiu y Jit
4800
200
430
300
100
103
100
1700
103
3700
200
100
50
100
1100
2700
1103
300
500
300
41000
800
100
3200
3400
E00
600
300
3600
1800
900
800
1500
1 03
lOO
1800
200
100
100
10Z00
f600
1100
7100
300
12200
300
100
400
200
300
600
100
700
100
100
100
300
203
400
1703
1700
900
1100
2400
200
100
V4
lll1i
fiOtAjiix Hub 1'J's
S Am tins... 7!l
no Am Itwys l'-"-!
1!0 Am Milling "'i
lOtAm Sinlts .7.1
KMltC'nlif IVI. "
.SOOfO M& St l 'JIM i
1114 Klee Ster. ."sJ't,
L'OIIitnt & H
Tep pf.. !"
lOOtlnt (' Cor ''i
.'100, de pref.. Vi
VM In Ce N A VI
dOfKcnnCep lle'j
100Leh Vtil.. l!l:,i
18 Mlnehll!.. ."I'i
2112 l'eimaltU Uli!t
10 Penmi Halt W
100 Phila Ce
cum pf.. 41 ai
104 Phila Elec ".1
42 de pref . . 31
, li." Phil In W 47
40 Phila K T .'II
10."0tricrce Oil i'i
KitPiffRiy v ."e1
281tSInclnrl.. :'.'2n
20 tin Trae.. 40
100 U OI ."1
20 de pref. . Cie11',
SOtUtiih Cep Oils
1 " z
II
I I
III
nl i Ul llic nuiiu,
I ... 1 r M i In;.; !
12 s UN Vs
7!) 7!) . .
12'. 12.4-1
V VA :!s
I ,-!- rows Btw&efs
;.;;:-1 - &Ca -
I '
(. ,,.,-;; i FOURTH & CHESTNUT STREETS
:!. ;:iiv1"si New Yerk PHILADELPHIA Bosten
r.l 1 ."14 :(i j
!!'" !!.' 1 . ,
S" 8'"' " I nnOWN SHIPLEY & COMPANY. Londen
li;..
:ie", 's
UOvi li -
1 'I II I II
.11-, mmmmmminmmmmmrwmmm!wimmmmmmmtBmmnmmmmmmm01
' '.-i 4JVk. '
Wis Vs III! I
I LOUIS T. KLAUDER J
!S-, HI PENNSYLVANIA BUILDING, PHILADELPHIA V
12 ' I POWER & INDUSTRIAL PLANTS I
si II ' 9
I'll . II DESIGN APPRAISAu I
- , II I CONSTRUCTION REPORT H
Foreign Collections
With our exceptional facilities we promptly
effect collections in practically every part
of the world.
.104
.K0J6
. 56
. 62
. 17
. :4$s
. 64
13
24 Vi
41:li
::en
17
::i
eOVj
111
r.l
"
111
Kx rtlvlnend Jl.tiO. I.eh alley .
tNet chnnBe made by comiinilnen with last
aale en New Yerk Stock Exclianee.
nriiiAiiHi.riiiA iM)s
15000 Ubcrtj- 3d 4 Vis '2S
10000 I.il)erty 4th -P.is '2....
aOOO Electric & Pee 4s ..lets
2.-j00 Inter Met 4M:B '."
IMKMI New Jcr Traction ."s. . . .
2000 Phila Electric 1st ."i..lets
FOREIGN EXCHANGE
New Yerk, Dec. S. The niarliei for
foreign exchange opened dull but strong
with Fome Ksues at the highest llgure.-, , fssXSBSSiSSlSlPS&S
recentlv. Norway was dlHtlngulshed -j'"-, , B-.r. f Cl
- ... i.i.-t. - ....1 I'...., ..... II. .1 ,,4 hvaaia Ia mJuviM Cu A r,
fans and lirTwer at !.; hliUt iiS- ,5 V.WIU,
ures within ever n week. Sterling
showed n gain of 3,s and was within 11
disputed fraction of te , fie.n
the extreme high record. Y rains
showed a gain of 2'i: Uelgians l'j,
Nerwuv anil lire 4 and Swiss 1. On tl
H
CcrllPiccl&uhiicAcceuntants IK
Income Tax Consultants If I
vnicage tdsiungisii,u.w. atraniun iu
Kl-dlvlilcndH. Ex-rlxhta.
402
9?i
ether band, profit-taking rained rece
slens In niet of the Scandinavians ami
Dutch. S'jianibh was unchanged; Dan
ish down .1; Swedish down 2 and guild
ers down 1. Marks were unchanged
nt.OlVi.
The limitations weir: Sterling rnble-.
4.57 '.A 1 demand 4i.5rt!,i : frnnc rahli'-.
7.10 cheeks 7.00 t ; llelginn cables
11.5-1. r!u-iK. 0.5SV, ; lirr rabies 5.0".,
(dieeks 5.02',!; Swi-.s rallies Ih.S
eliecics 18.85; peseta cables 15. .7.!,
rheeks' 15.51 ; Danish rabies 20.02,
cheeks 20.57; Nerwa rabies 111.00.
cheeks 18.115; Swedish cables 2rt.!r-i.
checks 20.0:i; guilder cables :t!l.!)2,
checks P.H.78: marks .01 '4.
'L'he rate of preniiiini iu Montreal o e
day en New Yerk funds was H-lil pe
cent. The rnte of discount in New
Yerk nn Canadian funds was :t-(U per
lent.
CJreek drachmas wcie rotispicuen-.
among the Central European exchanges
today by-sn rally of 111 points nlme
the quotation of yesterday. The bal
ance of the list showed Irregularity.
Quotatiens: fJreek. 1.1S; Kuniauian.
.02; Bulgarian, .70; Serbian l..!(l;
(V.echo-Slevnkinn. JI.1S: .Tuge-Slnlii'i.
.34: Polish, .0058; Finnish, 2.55; Aus
trian, ,0014'i; Ilunsnrluu. .00111"....
VKSTKIIUAY'S CT.OS1NO (Jl'f)TATiriN
Sterllnit Krenm I. in. ciuiM 1-
nnmn4 .... 4 !W 7.H4H -I H7 j H'i s?
Cables .... 4.. ; n;,(4 ins :n. ,',
TODAY'S OPI3NINH QUOTATION'S
Slerllnu Trnncs .n iltnlii, ,.,
Demand . -i ns 7 mi'i sni, :i',i .7
1 u
nERIpDICAL
r A U D I T S
INDICATE THE
BEST OF BUSI
NESS JUDG
M E N T.
CeixultiUlnn Inrelm N
Obligation
ealEstatcTrustByPKikPa.
if There Is a Market
We Can Find It
We held sales of stocks
and bends every Wednes
day, charging $1.50 en
trance fee for each item. Our
weekly catalogues nnd post
card 8crvice reach every mar
ket. We take pleasure in
furnishing quotations
Barnes & Lefland
Ktnfk Hr"!ir ntiil Anrtlentrr
147 S. 4th St.
rubles
r, nn
.T.i !)'
Telephone I.n,
MM
A
Mortiemerj Lt Water & Pwr. 5'i 1943
Jehn Wammaker Company, ,, ,6't 1932
Lehigh Navigation Elec. Ce. ...6't 1943
Portland Ry., Lt. & Power Ce..5'i 1942
Ne. Jeriey Street Railway, .. ,4'i 1948
D. B. Martin Company 6's 1935
Citizens Ci & Electric 6'i 1931
Union T. tctien of Indiana. .. ,6' 1932
Coniel. Tiictien of N J 5'i 1933
Wilminilen Gat Company S't 1949
Cramp Ship i Enfine Bldf...5's 1929
Pcnna. Lifhting Company 5'i 1940
Pitt. Cinn., Chic. & St. Louii 3'j'i-4'i
Peblit Serjrice Cerp " ' alt hiuei
SAMUEL K. PHILLIPS & CO.
Mtmberi Fhlladrlphla EUek Eicbanaa
-')7 UJUnXttUA niALAi
Hnnnnrwmqnnnnnnnennnnnn
MAINend COMPANY
CertJfted PubUcAcceuntants
fWANCB BUILDINO - fJHILAPUPWIA
LIVESTOCK QUOTATIONS
ChtcilKQ, Dec S HOaS llteelmi, ;i) .
f.GO hehil MarUet ktentlv te etreng, bulk
HO t" 270 pound avn-naen. 8 30WS..1,'i
lop, 1 a.'i dulk packing ew. $7. CO?'
7 hO, ,lelr,iblp p!. mgnlh H I'll k VJ
vtij liega JHI.'Tis.r.S, medium I R 2,1 Tt
s.'i'i. light jN.i'CKim.ar, ilsht Utrhm 18 20
s Sll, rncklng nrws mn((th, f7 0ftfth park
ing e. rough I7 3U?7.05. killing pig,
f'AlTl.K Jceipi 40OO ll0d Hh-j
strH and lltT hfftde b-f rows and
llMlli-ra. iihiiiitu m i.r (iiKUQr, Killing OUal-
lis pluln, Ijtst lvarllrgn erly. Ill bulk
natlM beef Ktfers. IS BOJP10. lower grdda
l,cef co -nd lieliem cnnneri. nutttm nnd
bulla, ilew. van cahe unev-n, clmlta
kind fth 111 me-dj te uhlpiwri; packera bid
ding lower. Rleckem nd fAdftrs. slew.
.IIi:i:i-Rerfli)ls r.100 liud rat lamb
npcnlng mreng te lde hiahar. arli- tup,
$1.1 SO te packtTn; desirabln no mund rllpped
fd limbi. 113 50, fpederv quid fed Hit
pound yarllnir wethcru Jli.Nf, Bheep.
etead actd IU pound wethers, Ife
ritlkburgh, Dee 8 1IOOS Receipts,
r.liOO head Higher lleaviej, a S0. heavi'
nnd light yerUrn, ISMftSuO. pigs, e.BO&
Hlir.KP AND I.AJII1S HecelnMi. flen head
Hluep IS Ml, uteadj lambe, U5.2B, higher
f'AI.VKM llcelpt. 300 head Steady
Tep, JI3.
Knet lliiffnle, N. V Dee 8. CATTISH
110(13 IJeeelpt. 700 .head. Twenty.flva
. hbe higher Hray lu.HBi mlied. 18 S
riRlie. yerkcre. J8D030: pigs. $0: reughV
17 2S7 ne: mam, H.sonre.r.u: ' ruun"'
HIIUEt', AND I.AS1DS Hecelpti. 0000
J1"?' alinV ,",te,1'lyi few chelc unseld:
lambs, U015 50
U.S. Certificates and Treasury Notes
Int. Maturing
necY 1022... JOT Tl
Dec, 192-.'.,,, 100 100 1-82 a 'in
Mch.. 11)28.... 100 1.10 inea.lfl ar.
3K June, 1U23.,,, fiOU 100 8 75
8S BPt.. 12S.... 00 100 3 ii
aril? t... iipji lmtl ia. ... Vin
Sept.', 1921 . ..101 101 488
Mch.. 1025.... IOeS 100H all
tMH Dm, 1818.... 0V4 09U 443
44 8Pt., leJei... 09 H 4,8
"IT;
STOCK DIVIDENDS
DaMen. Dec. H The dlrectnrH of the Carl
N. J. ATTORNEYS LICENSED FIVE YEARS FOR ASSAULT
n!TiiTi of Kail JUver. oted te recemmend1 .,,.
S ;tlMSrf0 ,lVlMe88uulh.l,,i.ie,E?SS'fea! Three Frem Camden and One Phila- Brltleh Marine Attacked Paymaster,
Wittud . a. a .S" .-ent -u,ck rtui- delnhlan Pass Test C"ld Net Recall Crime
dend A rneetlng of afockheldera It. called
"neramberlS. . Dlrertur ale de. inr.-l
delphlan Pass Test
he ,SE?irQMiwrly dlVidcnd of 2 .-re. Hi, ', Trenten, N. J.. D.'C 8. The Stuf
payabP. February 1 te atecl; or record Da- !ear(l of ,jnr ,;xnmlnc,.H announced
h J ystenlny llie rpsr.lts of the NevpmlwT
last reniltictcd for attorneys nnd cenn
Federal Reserve Ratios
veuny
Waalilncten. Dee, H. Untlea of tntnl r"
eervea .m net deposit and Tederar Ilesrrq
note llabilltlea combined, for thn teln I'ul.
eral Heere banks nnd the cntliu system
as of December 7. rnmnnr'M Willi the pri'.
Meus wevk and a ',r nae follew:
iw t .ev 30 I)(r 7 '2
IfUIUII '" "
New Yerk 7 I
Five Year 6 Geld Notes
te yield about G'j
H'curcd by a direct : mnrtgnge en preperty
nnd lands of Loul Jllnlng Cuinpnny istab.
Ilslied ecr .1 jenrs. Infinmatleii direct
from company ulilimit fihllKiilnns. Ilenus
of tommen kteek wltii iverv Mnn bend
D123, 1EDQEU OFriCU
Every Night Seme
one's Safe Is Robbed
Yeu can't be positive yeuri
won't be next. Yeu can be pesN
tive that there's no money in it
bjr making deposits every nignt
m the ltepublic Trust.
REPUBLIC
TRUST COMPANY
1429 CAestnut Street
HOURS 9AM-1OPM
cember 7.
. .j t-i.. KThti lllchman rirnt
.tcW'Slv.de,r'pajab.etei,nck of record
Decemupr -,-(, nn lh new irterk ninntlft no n...w..n,u i,-n,a, Vnrmnn X
soler".
heuth
Thn mr-ccssful ciuididntes from
-Nw . lthev for IH'ciiHes te
dividend of II. be extra n in new sieck practloe ns ntternpys were: .ermiui n.
a'a well aa old. both payable Januan- 1 t" , Jncehy, Atlnntic City: .Tehll 0. Simen,
stock of record December .1. Wilbur ('. UM101. and Frnnlt N. Jp-h.
Ilonfhenc. Dec. 8. A
Ilritish marine litis been hcnti-ntwl te n lK!,,lt!,,lp,h,a " ' lil'll
mii-iiii,.uni iui imui-'niiii; 1-113-niHHtMr Allnntll
Commander Itatcllff, of HIh MaiPHtv'n l.'hlc.,,BU,
Hhin Tumar while tin- latter xtX1 &$:; V.
1, i..u lumii, in nn rauraiur 10 Meal Hit! nunia uuy
whom he struck en the- feri'liwu'l with ,!
bran knob wrapped In 11 hnndliireliiif.
j riiuiiiiuiiuru iiciuii eriei Irem the
h
r Ti . Bi.lfipg r.r (Vi Wnrt I 1nm).i. Til. .Ill rl.Hlinnlnn flllfl I
II..4m llT. r. i 11' l'" " ' "l"- I I IIIIIIII'll . I II II 1111 .N . I IIUIIIUCIKIIII tl'l , ..
au a M Il.r e New ..Bedford. Ima ,, j te Snmupl p "j " ,. Mh cMy. ,, .u . .. ' ., IMP llinnilii wl.
r.pVi'nmenil nn increane m rfii " ; ,. -, --: ;, iiM.w..wl ' ,J',,U" "" ",n ""i "" " ' IWimiuiniei
iaa niiHHPt thn nitnmpv'H examuinileii. mi. ...-!.. ..i.ii' i'r.. ""."
' iiiiiiiin- piiki iiu nun no receiipp.
Weel Firm In Quiet Market The Seuth N'ew .fprt-ey nttemeyB who
n.tn Dee R. The remmerclal Iiulleilnpvill be Rrunti'd counspllers' ilegrecs nre
will
J, 3
ia
8S
t4
tAcceMabla
cut oa-eaw
, imi.i. vl 4,4s
from BMeral normal Income tax.
.e:f0i?5rynt ofVncem,, ui
T .. Mnn inn 1 neifl ma
..y lomerro" .- .-' "".' .
rtVii market na t" ui. ' ,,,'t"
.?9l. I".iihi.h tenurd the latter halt
n V7, .iek rather mer" business was
SL.1 in medium wools Trices held very
5? a. " rule, although liere and there
nrm ihii least attractive wools have
bTn al Sble "rhaps ttt allaht conces cences
b.',n. RS! iiklni prices. This however.
Se0.1. net twey 1 represent a decline In the
r?ult Manufacturers report less busl
Sl.. in their products at the moment, but
Tw! .r watchlnu the ceurse of the mar
VlV my en account of the Imminence
of th. htaw 'ht eeaen."
DIVIDENDS DECLARED
n t neynela Tobacco Company, auar
i.rlv of evanw-tlve cents en A and n com
!2!1 and of 1 eer cent en preferred, a
p"rVbirJanuiry i te stock of record De-
c,nAb,H ilanea Knitting Company, auar
.Ai ill per ent n preferred, payable
January 1 te Meck or record Pecjmber 20,
Cotten Traders Get Extra Holiday
w Tork. Pc. 8. The New. Tork Cotten
p.h7nsie wlll.be cesed en the flaturdaya
BrVeaSrmr Chrlitmaa and New Veais, H
iaaTeifitiaaiy anneuaced today.
Hneeh A. IIIuIipp. Jr.. Atinntie City;
C niclmrd Allpn nnd Frank A.
Mnthpw, .Tr : Cnmilen; nnd Nerman
T. ItecPrs. H. Collin Minton, .lr. ; I.
Hirhprt lypvy and Charles II. Englis-i,
Trenten.
PRINCE GETS PRIZE RAM
Shrepshire Champien te Be Sent te
Canadian Ranch
Chlcaue, Dec, S. The Brand cham
pion Hhrepkhire ram of the twenty-third
annual International Livestock Exposi
tion wan purchneed yesterday by . h.
Garble, of Culcary, Canada, and will
be shipped te the rnnch owned by the
l'rlnce of Wales, situated sixty-three
miles from Calgary.
Acting as special representative of
the heir of the Urltlsli throne, Mr.
Carlyle paid S50() for the Sherpshlre,
which wcishs 200 ceunds.
Dallas
Kan Francisce
Total
7
70,11
7M
77,::
110.11
r.T.d
70.0
74.3
ir.,7
h.1.0
74.11
70.11
".'I.I
7.1 3
hi I
ll'l II
7tl I
.! H
HO L'
llll 7
7(1 I
hi s
hi iv
73 7
7.1 3
II ,"i
11 .-i
71 fi
HI h
r,i 11
fill I
12:1
HI II
73 1
tien nf the affair nnd timt ulmn 1,,. ....
Knlned Helf-rontiel he wuk herritlcil at
his deed.
UNMaIkED MEN ROB TRAIN
Mall Clerks Held Up at Station In
St. Jeseph, Me.
St. tleM-ph, .Me Dec. 8. (I)y a,
P.) Three iiiiimisl;eil men nrmed 'with
plstelfl and n Mietgun held up two mail
I'lerks nt the L'nlen Station today nnd
escaped In a waiting nutoniehilii with
one pnektiKO of reglbtered and live puck
ages of firt.t-1'hihB mall, which just had
been taken from the mall car of a huh.
benger train en route from Kansas City
iu wiuuim.
Ne estimate of the value of the loot
could be obtained early today. The
same train wnH robbed of 'several
pouches of mall Wednesday night near
Armour Junetlen, Me., (far no valunblc
mall mim reported ttikcn.
Raw Sugar Active and Firm
New Yerk. Dec. 8. The raw riiKtir inr
kia In fairly nctle and linn. lth I'ubaa
for December ahlpmcnt quetpil nt lc cuit
nnd freight, and for January .ililpmnit nt
HViU3t-: cost and frclnhi. Thcie v.m no
ales yi'Mvrday ether than Ihesu rcpertcil
Iniportutlena Included ni.llOO I:ies ('ulna,
rentrlfUBHl, nnd L'li.liOO bugs I'ubai. ullinil
te thn National Huu-ar 1 ti-tlt) tntr 1'iinpaiiy
Thu local rellneit market Is mmleralily ai
the and unchanged ul prices riumliiK from
7.10e te 7.'J3e. less 2 per icnt for cash.
PRUDES PONDER llfvAIN
NEWBURGER,
HENDERSON & LOEB
Members Ncie Yerk and
Philadelphia Stock Exchanges
1512 Walnut St.
In Continuous Business
80lcaWm
MOVER & CO.
Bankrhs & Brokers
SB! Cneatnnt 8trct
Artist
Picture
Sells Questionable
After Leng Delay
Iiiiiiden, Dec. 8. The Hlackpnul
Council, which him bepn trying te de
i'idi whether te reverse Its action in re
fublng te buy the Honorable Jenn
Cellier's picture "Clytemnentra" with
most of the town's citizens en ew blde
or the ether, has lest its oppertunltv.
The disputed portrait which wns
given nntlon-wlde publicity by the
lllnckpoel prudes has been bold private
ly by the artist se that he snys he no
lunger is interested In what the filial
deriflnn of ninrknnel'a .gimnllniis of
public uiei'iila may he. ,fn
Buffalo &
Susquehanna
MORLEY, WOOD & CO.
333 Chestnut Street
Members N, Y. & DiIU. Stoek Eh's,
it will
tell you
(a) about the stocks and
bends traded en the
New Yerk Curb Ex
change (b) explain market terms
that are sometimes,
confusing
(c)give you the essen
tials of geed broker
age service
(d) describe trading pre
cedure
Yeu oughtte have this
38-page handbook
"Investors & Traders Guide"
Copy frte en rtqmt
Jenes &. Baker
Members New yerk Curb ExeJun
Direct PrivaVaWiresT"
NewYeik Cblcire Do.ler fbllsdelsblt
Plttibulb Dettelt Diltimeie CUeln
PHILADELPHIA OFFICB
Widener Building
Tl.nl.en.. BtH Locust 4730
Telephones KeT,tene . RaceS861
BALTIMORE OFHCE
Emersen Hetel
Telephone Plata M' I
EDWARD L0WEER STOKES & CO.
Cnnsci-ixjIltJc iiucsIihcmIs
20S. ISthSt. .
riHLADEtPaiA
KAMI) I'OU 11! It IIIiVTRnu
Powerful radio aeti will Imd 11RP. n
Company', pest. In clew "ouch with h? Sty
era next aeHsun, An Intereiiini "SJ.!", buy"
Jullerten Wulde rece ml" coveilS ihir."cle. r
topic in thn Uusliw". VieUU),? 0r bL" iMi! 1Un
LkislKii, "MaUe It a ilubli " Uj!? lt'"-'0
Me., Kan. & Texas Rwy.
AU Issues
Wm.C.OrtonCe.
S4 Wall St , N. Y., Til. Hanerir J.M571
.?V
.
.VSS
pt :
'J. iM. ,