mppirrtfWF- mwsmsip- f WfWmW !?P $WPm?i tv Jt.jCM'l .1 .(f '. !.. EVENING PUBLIC LEDGKRPHlLADEiPHl A, SATURDAY, DECEMBER 0. 1922 - m j - i. JHftUWJU1' BUT DID N01 HOLD Sxlps 400 700 6100 tee 1000 7900 300 300 200 200 tee 6400 200 300 100 BOO 400 800 2300 200 100 1300 iea 100 200 100 100 900 100 BOO 900 1303 600 300 103 103 930 2300 100 600 100 100 100 10) 10 200 101 100 11603 303 300 500 400 700 6400 100 200 100 100 200 103 1330 tee 50.) 100 1200) 1000 600 1400 1200 330 100 GOO 500 300 1200 2200 900 100 200 100 100 400 30)0 2830 800 100 4)0 50) 100 4203 100) 900 200 103 933 103 430 500 4103 2930 7700 500 3930 4100 320J 2200 100 5203 2700 10600 3)0 100 100 100 200 100 200 200 433 100 633 1030 400 100 6100 200 400 3203 600 400 293C 300 1700 1230 203 243'J tee 200 400 600 1500 100 603 000 2030 303 100 GOO tee 100 2600 4400 10J 300 330 60i 30'J 200 tee 430 300 500 6 JO 200 803 500 100 600 800 200 1500 4800 300 100 2030 7303 100 100 Current Market Simply a Cen- test Between Opposing Spec- illative Forces ir ve,r Vnrlt. Pep. f). It-kcn together, w.lav'K Hlnik iniirl.fl wns ii iiimiiiIiik- C'iiniro!-.!eiiiil iilTnlr with tlie net fpsiillf w IllMiiit niiy iiisnlllrnticR wlml - "wr Tlicrc '" " hl,r,X """J'1"" iSrViiW "' lrl,f? f J"0l,t n? nP ,,et'k" 'inn.lvniii-l in Hie pnrly part of ' thn gosleii. The ituiinriitiim of Hit! JfVevpr'v cvniliinll.v lr-wiicd m tin? 5,iiii1 fmiii Hip uhui'l Inteccnt tlimlii- 1,1 rtl. f""" w,,,('h 'limrtpr tlip market innnienlly ilrlvpil Hh pr nclpnl ImyiiiR ' nnncr I" reii-'Pdiipnt'P, the latter half if H. vpmhIeii was tnnrkril by slowly wppilliis I'liees. tv which process mint Jf p Initlnl Improvements was ttThe(rni1ini: wns ei't'-'cl.v ln "IC niiI Inf nptH-ssleiinl bltPrPOt. who OIlHlltlOil )? nniliiPt theii' operations In serinltn: ilre-niil of eiitxlile news developments. Met" of Ihe overnight' developments, 'werer. were of a tllstinet curtHtrtir Ulw "pp. inrlnding the President's rUsuse. stieiiRth,ef stprlliu. Increased J,r leiiflltic ' optimistic weekly !"&rSjSSltl. of United States I Government bends, shnrp recovery -of fit Irftnis and San Francisce Tliiilre.icl P. t fiirtlier wenkness of 'the St. -... ''Paul' H'-ns were the outstanding Jvplennients of the bend dealings, i The week's developments prove con cen riinivrlv internnl conditions continue lie mil deinlnatlng influence of the current market Mutation. I ntil there ' has Iippm a satisfactory ndjnstment of ffnlrs In this connection there would tinea r be little hope of the market. ., n whole, eisuinlng anything ftp FrnaciiiiiR normal equilibrium, tnereeilng cies rnn-dpls lmvc been "llradily Injected Inte the sdtuptlen, and In ehieiUPiiPP. some of thp very Jihrcttde!t of market judges find it Siert difficult t. nbtnin satisfactory MiriiiRx which will permit Intelligent 'measurement") of future possibilities. Probably the only strong point In favor of the market is the preponderant bear Mi sentiment nmeng the professional (Hiding element. As there is nlway predisposition en the part of tliese epcrntnrs te overplay their game. .there Is n possibility of n n unintentional lafcty valve being created, wliich. in turn, may prove n powerful backlog. At the moment, the situation virtu ally narrows down te vigorous contest for" supremacy en the part of the oppos ing speculative forces, nnd which, for the time being, appears te be se nicely balanced se that neither slilc for tiny i feiislileiiible length of time can claim the adwmtngc. In ether words, tlu (Jjii"tnirnt process has .brought the market H n juncture where it easily ,ntl quickly becomes either oversold or everbeulit. according te the predomi nating whims nnd fancies of the profes sional trading element. Seme observers during the week claim te Hve found a striking similarity between 1 lie movement of t lie current market with that of IDOL'. They assert the speculative position is Identi cal and the current gyrations are in a measure n fnithful replica of the swings 'tt that period. Reference te the mar 'kft movement of that year disclose imilur break in October and Novem ber such as occurred this year. l,i lOO'.'. a vigorous rally sel In about the middle of December, which was main tained well into February, in turn, being followed by declining prices run ning until August. Curiously, this dovetails, with the prognostications of some long -distance ebseners. In their opinion, there should be n material rebound from the shake tut of the last six weeks" because of technical oversold condition ' of the Barket . Such a recovery, they claim, would be sustained net only by the re buying en the pnrt of these who have taken losses for income tax leturns. but would also have the stimulus nnd the sustaining influence; of the pro pre terblal January reinvestment demand. After that the rending is somewhat blurred by the breakers expected te be encountered through hostile legislation en the unit of the radical congressional clement. FOREIQN EXCHANGE New Yerk, Dec. I. The miukel for foreign exchange was of n hnlidiiv rnaraitcr today, as te volume of husi nps; and u.uotiitlens moved irregulnrlv. mpHIng was strong throughout at within iv, eent of the extreme high JPeerrt. Anether strong feature was Norwegian, wlilcli reached n new high i i iic jenr. uperatlens were largely ppculntne. following the evenlng-up at the week-end. At the close, sterling was up it, from Friday's final; frunes no llelglnns were down 4 points and lutldprs lest n point, being quoted about 10 points under the recent high rec ord. 1'his was nttrlbuted te profes sional i.refit-tuklng. Lire showed a irnetlnnal less en the duv. Danish lairied l puints. Otherwise the leading wclianges wpw unchanged. Quotations.: Sterling cnhles 4..-.7U : demand 4.0(1; franc cables 7.07 ".. theeks 7.00--V, ; llelglnli cables 0.5L'. tbcAM..r.l"2 ; lire cables-4.02".. ; checks "-; Swiss cables 1K.K7. hrl.-u 1K l. ,PMPtii cables 15..M, checks l.-.r.:t ; Dan n ealiles L().(.-,, i-liccks liO.OO ; Ner way v s iii.ii ; checks 1 !).()(; nm-ui&il ('allies Wilder cables marks ,(ire. I2ti-..1I. I i L'd.im, .".!). 8.-., checKS checks lid. ill; MM) New erk exchange in Montreal te ' .JVY!.8 " s,,""' I'iehpr at a premium . f,,J" ' ul. :l":i- l,rr f0"'- -unndian 1 Jnds m New Yerk were lower at n OUreunt of 1-10 t0 :i-a2 ppi. ,.,,, J.". V.10 f,'el,trnl European exchanges ''day (, reek reacted 3 points nnd Ser Ser eian Iehi ,, ,,0,lft 0t,n. quolntens tre mainly frnctienal. Quotatiens: Bulgarian, .,0; Uuinnninn. ,24 ; Ser l! " ;',:-Um'k" 1"15' Czecho-Sleva-Pnu'i. '-h "'"Re-Slavlnn, ,X ; 'nS'Jli-0??8! ''I'ihWi. 2.55; Austrian WH1,.; Hiingarinn, .0004. 'ESTKItUAVS tT.O.si.NO QUOTATIONS Eimnnrt H,?ril,n,,r I'r"; '.Ire Oulldcr n . . I.r.il', 7 0HV4 r.,03'4 3u.ti:i TODAT'H OI'KNINO QUOTATIONa 1 CiSJ? 2'iA ',07,t ft'0,'-i 3n. "' . I.."!i 7.08',4 3.0S S-j.sal fl.0S!N(l QUOTATIONS ' gjjjiind Helfa Hlcrllnit I'ranes Ure Julliler .VOIH 3II.7T b ea aii.i i,miT, i rii'i OT'f 1 tHUJtiS DIVIDENDS DECLARED fIU6b m, J,'?'luc,!, '""'"any. quarttilv lllwk n' "' ",rr. .l'"i'bl Jnur 2 ! - itvwiit 1 M-i t 111 ifr in Mil If.. . .... --.v. v ' i'!i"!i'? ,,,fcc,nb'r 30 te ateclf of ice trl'yr,1"n.lrp',Jr',trr"nr-"v. I"e flunr- .n,.:..1" i'i un urn nicrcireil i.inl Mr c Uirv a iui (5.bl tury 5 5n .. 'f10".1' nrefeireil. nnjnbla Jan- I K,. ? J?'. '" r r.l IVceniLcr IB. tiXliv. '.""P'r.femn.iny. nunrlirlv nn mnta. tmbn i? tmb,r f "'noer an lu nleck of reuinl De- LTS? 'Vsnufaetuilnir Company, duartnh turfj . . ... -. . .i I air ..... '"'"iiintlMi t'litniMiiv, niMrlrrli' 'WtrrVit V .V. ""nmeii "lid i per rent n H rtceV.i i, " """ weecniwr a "cord Dpvcnitirr 'M, tu Hliiik Paris Beune Steady JNi Ym n t-i- -. ... .. .i. 'f Hl iir4Tn. , n (Londen Mfi ic I le feeler W tnfl.V. Mflf&A hah . a.. am vriu en prerprred. tmviihe Junuiiry unrr nru" '' "" " n. iw iw (eck of ie,ni,i iu..,iur. ;.i,i" '""'. ,,-,, ,m,r. (iinnnrn mul cilttrifl. ; .1e In fint. J,',',lut ''"'klm: feimpnny. nuHitrrlv tin mu fit, liulln '" If" lower; e;tl t-uljca. "5rt or m!n,"n ""vabln Januarv in te ;ie m 75i" Itluliei , Miieknra mul fenlara : t"r:5.r'i"l Uciem inr an, luruely ".".V IiIuIht WcK'h Iiulk prlcea fnl. NEW YORK STOCK Only Afternoon Repert in Philadelphia Dlv. Int. STOCK HlRh Adams Expresi ... 6714 Air Reduction .... 57' AJnx Itubber 13K Alaska, Held Mines. V . Alaska Juneau O M 1 V4 A'Ved Chem & Dya 76 Allls.chs.lmcr 44 m Agrle Chcm... 30. Am ucct HUBBr 43 '; Am Mesc.li Mngnote. 35 '- Am c,,r & Fdy....1B4 6 An Can 73J4 Am chicle 754 Am Cotten Oil.... 18it Am potte,, oil pf.. 36' J Am Drug ayn 6H ? Anr Kxprcss 139? 7 Am Ice icetf Am Internal Cerp.. 30 1 Am T.a Kmnce ling 119 ' Am Mnsccd 2914 Am Locomotive ...1?4i ' Am T.nrYimntli... .. 1?A Teifny's Ule.e 6714- ' 5614- 13 .14 114 Lew 67 14 56 y 12H 'A 1 74V4 44 K 30 Vi 43 35 184t 724 714 IB 36 6 '4 139 1C9 ?914 11?4 29 Vt 123 120 47 54 118 7 2114 5374 9914 38 74 76J4 124 1E6 154 2714 5014 514 48 Va t74 101 ' IN 11414 24 1774 1227 119 32 14 155 123H 2 74 t8 32 U 14 50 'A t2'4 9514 110 9 5 164 1374 114 24 15?i 105', 9 3014 7 57 7 14114 7'. 3314 70 215 43 314 C6 214 3H 5414 4 9M 2174 ?474 E074 791J ?2 6215 54 :6H ?314 7674 24 74 4414 99 W 214, 68 ' 3714 12414 t21J 2?4 1?H 1C5?i 130J4 49 !4 5 89?a :47i 1455 :914 17 :.'274 132 121 43 U6 84 F415 !814 2314 6 74 10a 15 27 94 M 14 52 37 94 129i 19 65 94 5 VOlj 817. 1605 1094 1394 98)4 83 96(4 594 34 94 83 2414 1 1 U 78 94 3114 24 74 74(4 114 8294 24 74 24 H 494 107(4 33(4 A 14 24 19(4 88(4 I2(. 51(5 14)4 70 :,214 15(4 ,t8 3114 18H -z'A 4114 44 94 82(4 101 35(4 10 18414 34 1 75H 44 H 3014 43 35 10 - 7314 f 714- 1014 36 - 694 U9 - 10914 '914 1194 S9V4 12314- 120 -47 14 118 7 2114 54 . 9914 3874 7614 12414 U6 154 10114 194 11414-r 24 -17 74. 1227 119 3214 155 124 '314 1814 3274 - 14 9514- 111 9 5 16 94i-1374- 11494- 3 All, MpfnU 4 Am Itadlnter U An, Safety nnzer. Am Ship & com.. Am Smelt 7 Am Smelt pf 3 Am SlecIFdv Am Sugar hef.... , Am Tel ft Tel IZ Am Tobacco 12 Am Tobacco n.... . . Am Wnterwerk . . 118 7 21 !i .. E4 .. 99 Vz .. 39 .. V7 ..1244 ..156J4 ..154 .. 27 Vz pf DO Vi .. S5?i . '9 Am Watrwks 0 7 Am, Woolen ... . . Anaconda Copper Asgn Drv rineita. 67 ?i Atch Tep & San Pel 01 ' Allan uir & Atlantic I i 7 Atlantic Coast Lme114Ka Atl Gulf ft W I S S ?4 At O & W t S S pf 177i 0 Atl neflnlng 1227 " Atl ncOnlng- pf 119 Austin Nichols .... 32 'j Atlas 1'ewdcr 155 Baldwin Laeometivn124U 12 7 .. Baltimore Ohie.. 13V Baltl & Ohie pf.... ECU .. Barnsdall Class a. 224 .. Batepllas Mln ft A 8c Beechnut Packing.. EOVi 6 Beth Steel B (3(4 7 Beth Steel pf new., '-u'i 8 Beth Steel 8 pf. .Ml .. Brit Em Steel 9 .. Beeth Fisheries ... D .. Bkiyn Bapld Transit 16 H .. Bklyn It T ctfs 13'i 8 Brooklyn Kcllsen . . . Brunswick Tejrjn . 10 Burns Bres A 7 Bupns Bres pf . . . . .. Butte Cep & Zinc. .. Butte ft Sup Cep. 115'i . '2H .W6 54 .105H . 9'4 . 31 . 7Ji 2J4. 146 - 10514 9 3014 I- 794- 58 794- 14114- 7 14 3314- . . Cadde C'en O & R. . .. California Petrel .. .. Cal Zinc and" Lead. 58 8 10 Canadian Pacific . .. Carsen Hill Mining .. Cei..ral Leathc .. . . Cen Leather nf .14114 33 H . 70 .215 . 43 70 215 8 Central of N J . . Cerre-dc-Pasco 6 Chandler Meters . . 4 Chcsancake Ohie. 43 3H I C6 214 4 314 54J4 494- 97i 2214 35(4 S074 7914 94 77 2474- 44',- 100 - EGJi Z'4 314 .. Chicago ft Alten... .. Chicago ft Alten pf. .. Chi & K 111 (new) pt .. Chicago & Gr West . . Clil & Gr West pf . . .. Chi Mil & St P . . Chi M ft St P pf . . . E4!4 4?i 0V I2H 55 81"4 79 Vz 8 Chi & Northwestern 4 Chicago Pncu Teel. .. Chi II I ft Pac 32 6 Chi It I ft Pc 6 nf 274 7 Chi R I ft Pe 7 pf S4 .. Chile Copper 27 'i. . . Chtne Copper 24 Coca-Cela 77 K .. Cel Fuel ft Iren... 25 3 Cel ft Southern 44 A 6 Celum Gas ft KIec..1C0?i .. Celum Craphophene 2JA 6 Cemput Tab Itec... 9'J .. Consel Cigar -8!4 8 Consolidated Gas ..U5K .. CensGus of NV wl.T 62 . . CensGusrts 2'i .. Consel Textiles ... 12J4 .. Continental Can ...107" 4 Cern Products rtef.132',; 4 Cosden & Ce 5014 . . Crucible Steel .... f6U 7 Crucible Steel pf . . . 89 .. Cuban Am Sugar... .5?J .. Cuba Cane Sugar.. 14 74 . . Cuba Cane Sugar pf 40 J4 . . Davisen Chemical 7 Vi .. Oebecrs C Mln Ltd ?2 7a 6 Del Lack ft West... 1 S3 9 Delaware ft Iludsen121 2 Deme Mines -'3 8 I)u Pent B. I.) Ce156 6 Du Pent G deb pf 84 6 Kastman Kodak ... 84 ;j 4 Elect Storage Hat... 8 A .. Elk Hern Ceal 23 6 Endlcott-Jehnson . . 87 14 .. Erie 1074 . . Erie 1st pf 15 H 2 Exchange Buffet . 27 H 8 Famous Players L. 13 & 6 Fed Mln ft Smelt m 53 2 !4 i8 14 K494- 62(4 214 1 2 54 -IC6J4 130- 49 li es - 8994- :5 - 1415 40 i7 94 2274 133 -121 f 43 1E6 84 8414 8 (4 -2314 67(4 1 1074 4 15 -27 94 -93 52 CB 13(4 I 19 -65 94 "6(4 IEO'4- 1094 14 9814 834 9674 6 34 94 83 -25 1 1 94 -r 78 94 31 54 I- 24 74 74)4- 154 8294 25 -I-?6 I- 4tt 107(4- 3314- V . I ?4 -1914-8014 1274 51 14 V2J4-1514-68 - 5154 1914 . 2(4 r 8 Fisher Bedy of O pf t8H Flsk Rubber my 19', 65 79 C3K Frcepeit Texas Gen Am Tank . General Asphalt General Asphalt General Clgnr . of Gen Electric 1821'. Genl Elec special pf 1 1 H General Meters .... 14 7 Gen Meters deb 7 38 !j 6 Gen Meters deb 6 83 JJ 7 Glmbel Bres pf 9674 . . Goldwyn Pictures . . 6 .. Goedrich B F Z52 7 Goedrich B F pf... 83 ..IGranby Mining 25 .. Gray & Davis II 94 7 Great Northern pf . 79 H 3 Grt North Ore ctfs 31 .. Greene Can Coppet 24 74 .. Gulf States Steel... 75 V2 . . Hablrshaw Elec ... 1 !4 7 Ilartman corp .... 82 94 t Hudsen Moter Car. 25 y, 1 Hupp 'Moter Car. . . 26 .. Hydraulic Steel ... 4 1$ 7 Illinois Central ....107H Inspiration Cen Cep J3H Inter Cen Cerp. Inter Cen Cerp pr inter Cem Kng... Inter Rapid Tran. Int Harvester new Inter Mer Mnrlne. H 24 194 no 13 Inter Mer Marine pf 52 , Inter Nickel 14 94 Inter Nickel pf. ... 70 International Paper l3' Invincible Oil Cerp U3 Jewel Tea pr Jenes Bres Tea, . . Kan City & Seuth. Kansas ft Gulf.... Knyser & Ce new. Kcllv-Spriugllcld . 8 SI 74 1914 2 42(5 45 '4 74-1 Kelly-.Spg T fi pf 83 B3 Keiiy-spg t s pnei Kcnnccett Cepper. .. 35J4 Keystone T & It.... 10H Kresge S S. ...... .184J4 Lake Erie & West.. 34 101 184J4 I- 34 - 1 LIVESTOCK QUOTATIONS Oil. 60s dealraUlue. 00-pound ahern lamba, 118,00; ceed US-round feed yearllni.-n. wetn.ra. 1J.NO; neay fat e. JS'tf t); IlKhter welht quotable up te J7.70. week's top tece;in lambs. 14 fin; bulk dculruble kind1, fit W 11.50. rittkhurah. Den II HOIIS Iteeelnl. (lilruEO, Iec 0. IKX1.S Ilccelptn, 7B0O luiid. .i Um'. Hlrims ti Kir hliflitr. built, iiin.i.nmiil iiifliiiri tn l'7,'.puuiul hutelicrx. te. tii, js.ln en no id 1N, pound inrniKi'!". Ituiii iLirtviMK aiMn, fhi.vum; m. sluitiln plb'H 111 eiltlil S.:t."i ; I'Xtlniuteil liulil. i.ut. L'00'i ln'iiil: Kip. t l". Iiulk HDlea. ts.l.'i 1, n 11), licnvy welulit, Jh.'.'iiIi H, 10; ineillum nriuhi. tN.ilil4fB.4li; llelit uelKlit, IH.au'tf s lip. IlKht lluhlM, $N.'j.1(iH,lU; packlnu bunh ki'iiimiIIi. S7 1U i h ; luukluir mw reuuh. 17 afiti 7.H3: ktlliim pIku, In.L'.-miih.ie. 4S0O head, HUher. llcavlea. 8.itn QDH.MS; heuy aril IlKht seikers nnd piss, llHjUl.ie, HHUKl" AND lM.Mlia llecelpta. !IOO head. HlpmlV Mh..n 111 Ml l.n.lii ll.t CAI.VKS Ten iU. I fAT'l'LIJ - Ilecelpta. 10IIH hcuil. Com Cem nuieil week "Km Hi'ef ali'crs unil better I ltikIi butther he alixk unevpuly i.'Se tn 7ftn lilL'lirr. iiiiilluni kiiuIk ticcf uteera and sewl I te i'IuiIc" lieet lielfi'm, relliH'tlnar nuiBt ml. i... ..n.,! tviteine Inn Ions yearllncn and ma. , VMht lIurTnln. Ueuelpia, a!t lltXlS Itreelpta, 40110 head. Milit aleailv J" lOe lilalieri iiilxwl ute.idv tn lOe lower; heavy, Jshi). mixed. H SOdf 8 Ul): plB, IUW y,1.f.:..l.nu'-'h' T.L'54i7.M etaa. l4.na0.1.Ai. Hlir,i:i AND I.A.MIIH llecelpla, 2611(1 head. Jleuvy alnuk lu hunilv Umba atreimi prices unihapfc-ed. , Kaat Ht, IaiiK III., Dee II . CA'ITI.ri Heielpta, inue Ihh. I'uinp.iieil week iice; ("iiiinera, '.".1? te :1.1c lower enlvea. 7.1i' te l ..1 liiwvt , MnckPiH Hvrnni:, week'a lop. ,H.J3i bul,4 for week alexrH, III 30li, J?'1' yeilll'B nml lie If era. rii(7 30, uewa. !i4f.ni. ennncra, t:.2,1Ti a.4i, ImltiBiia bulla. M.73W4.UB: caltna. Itltfll, ntnekeri anil feedera. I4.n0WU.U3. A IIOOB Reeelpla, 0000 head Mostly 10e tu Ida lilthMCi top. IN.iin: Iiulk 1.10 te i!i) pound Rtki 1S..1U: r- inedluiii anil itri - rm fid ltl chuw initie, 1 ;t.en ; lew: NMtnn niei mi-pik, b, iiiw ID DUi Weftern irntHnerH, U.7ri$7.-"i; atin'kcrM unit fiecleiK $.1,Tri7, lef tow a mul hrlfera, 1,1 754i il 7,1, I'.innerK unil piiIIuib, l'.'.ll.14i X-Ai M-al fiiUcn. .S3fU,73 K1II-KP HeeeljitH, finO lieail, Cnmparen e.i iie. I'm liinilis alieut Klcnily; beat searllntr wethers, LMu lewnr; alicep ateaily te T. L...L.. ...I.u... Ii.n.llt. no l.an...r I.IhJ. ,10 nHJ'll"ri iMlinil'V M."i "t. nn, nilllli ri n. nl.a. limU S5e le f.Ue lilglier ; i:ieina; iii ea find nnik. (eadv it 111 heatv IiukN Today' tales '. Yesterday's Mies ...." Totals for tlila.tmh. N.t Cnse. n 14 14 V Dlv. n STOCK High .. Lnclfawnnnn Steel . 78 314 Lehigh Valley (314 12 Liggett ft Myers... 21514 4 Lima Locomotive ..18 54 .. Loews Ine 18 74 12 Lerlllard (Pierre).. 17014 7 Louisville ft Nash.. 183 74 .. Mad: Truck 57 tt 7 Mack Truck 1st pf. 92 Rtle-i 100 tee 100 3400 1303 100 tee 2500 100 100 100 400 400 400 400 100 600 103 9103 10) 60) 300 100 100 2500 400 700 400 11 ' Jjackay Ce, U3J4 1 14 74 J4 2 H iWHCKflV r" Mackav cjn f aa Mnlllnsen Ce :3 Mnnatl Sugnr 48 4 JJnnlmt Elect Supp. 52 7 Wnnhat Kiev Guar. 5194 Manlmt Kiev ctfs... 5094 t 'lr,,stTlwyprpf.. 69 5Br'nd Oil 31 H Math Alkali 48 54 Mllrtln r"rry Cerp. 27 Max Meters Class" A 47 .lair Afn- . .. a H I 14 1 14 14 214 14 14 i laY DcDt Stores... 174 14 I Mclntyre Mining ..19 ft . vnuiuura ,,,3xyi 14 ; cx Seaboard 1674 603 V.i r2oeara Oil ct 15 74 2300 i2e ii,,,,' Cel'Per 27 tt 900 Mldvale Steel .'894 "Je Kan ft Tex (wl 1474 ajelvftT full paid. 36 54 Missouri Pacific pf.. 4254 Jjentnna Power ... 68 74 Montgomery Ward. 2114 Moen Moter Car..." 18 94 Mu !r. '' ll't 14 1 194 14 14 14 14 tt A "14 H tt 140 600 300 100 1100 3930 1700 100 ,.. 6900 1 v??hr,;Meters S25 oe 7 v" 5SCV" wl 38K 400 I at 9'eak ft Suit nt102 117 6403 i kr ., n tamp... te?i National Lead 12414 " vHJ nTM lstpt 794 at R It of Mid pt 314 100 603 100 103 300, 100, 1203 300 6200 '400 1200 tee 500 1500 503 100) 403 103 1400 3003 15903 16200 100 100 1200 203 100 4103 100 100 100 100 2500 200 1100 9300 1700 200 14. '94 14 14 54- tt' 14 14 :; t'en Copper.... ,14 6 4 6 2 14 Tex ft Mex Y Air Brake.. A.'r Brake A. Central.... w Yerk Deck. f.3 54 78 4954 6 25 54 cw Yerk N H jt. II 254 1 C.01!?"' & Western11114 - "urn, American' .. rsertli Amer pf . . . . B North I'acinc .. Ok la Tred & nef... Orphcii'u Circuit . Otis steel Packnid Moter .. Pacldc Devel Cerp , Snc,Gas Elec... 3 Pacific Oil ... 3 94 '5 7594 254 19 8 54 :ei4 114 E6J4 1 14 14 394 ' v 14 14 14 14 94 14 14 '7tt .10094 . 1514 Pan Amer Petrel pan Amer n.. . . Panhandle Iarrl!hNft Bingham. 3 Pennsylvania It It.. Penn Seaboard Steel 5 Peeples Ias i.'hlcagc Pere Marquette .. C Pere Marq prier pf. 3 Philadelphia Ce .. . Phllllps-jencs Plillllps-Jencs nf . . 3 Phlllles Pet ..... 5 994 46 94 394 91 :4!4 ,73 ', 74 95 .'514 - t 94 Plerce-Arrew Mnt n. 'pq' . . Pierce oil 494 4 Plggly Wlggly store 52 J4 14 I K 14 ' 1 i Pitts Ceal 61 Pitts Ceal pf Pitta jf. r i. 100 094 2055 79 '4(4 100 100 11. Pen,i c-reek Ceal!! 100 5300 2700 100 3103 2100 200 103 1203 1030 100 I0C0 600 100 1300 100 . Pres'ed Steel Car. . Producers & Ref . . 8 Pub Ser Cor of V .T . F6 94 8 Pub Ser of N J pt. .10694 e x-uuman co 1.8'i Punta Allegre Sugar 8 74 94 14 14 94 tt Pure Oil 1894 8 Pure Oil pf 99 1394 77 54 50 4tt 4714 18(4 48 94 1 17 4 94 2174 . Ray Cen Copper. . . 4 Reading . ...; 2 Reading 1st pf . ncplog.e Steel .... . Repub Iren ft Steel. . Reynolds Springs... 3 Reynolds Teb B.... tt 94 14 Reynolds Teb pf . . 3200 .i3 rteyal Dutch N Y. 500 St Leuis San Fran 100 300 800 100 300 500 1030 1200 103 St l.euls S Fran pf eaii St Leuis Southwest 30 St L Southwest nf. E8U San Cec Sugar. , 3 Saxen Moter Seaboard Air Line Seab Air Line pt.. Si-ars-Reebuck . . . 194 81 8 94 3614 9294 2294 100 9?4 E7 94 24 t5 tt 14 it 194 Seneca Copper 21 00 ICC 'i Shell Transport 100 Shell Union Oil or 14 94 14 194 Vz 5100 100 4900 3100 1100 1000 300 1300 1700 400 100 200 17900 1030 200 100 100 14300 1400 500 3600 1200 1900 600 200 5200 1100 100 100 1600 100 100 4100 100 500 2600 400 2400 200 OBOO 200 400 200 100 100 300 300 100 700 200 100 100 100 15 1700 10)0 2 Sinclair Consel . 8 Sinclair Cen pf . . .. Skelly Oil 6 Southern Pacific ' . . Southern Rail . . . C Southern Rail pf. . . Splcer Mfg 18'. 4 Standard Oil of Call 1641 94 14 14 5 Standard Oil of N J20014 7 Stand Oil of N J dM18!5 4 Stewart Warner Spd 57 6 Stromberg Carb . , 56 94 10 Studebaker 13414 . Sub Beat Cerp 7tt . Superior Oil 4($ Sweets Ce of Amer. 1 fj .. Tenn Cep ft Chem.. 9(4 3 Texas Ce 994 6 Texas Gulf Sulphur GO '4 .. Texas ft Pacific... 174 1 Tex ft Pac c ft O.. 2294 3 Tlmken Relt Br.... T3 .. Tobacco Products . 55 7 Tobacco Pred A. . . . 81 (4 .. Transcontinental Oil 12(4 .. Union Oil 19(4 10 Union Pacific 138tt ,1 Union PaclHepf.... 745$ 7 Union Tank Car pt.109 8 United Fruit 158(4 .. United Rwy Invest. 1 1 94 .. Unit Rwy Invest pf 2514 .. United Retail Stores 7214 .. U S C I V ft Fdy.. 5(4 ..US Heffman Mach. 20(4 ..US Ind Alcohol.... 1514 ..US Realt & Imp rts 14 ..US Rubber 53 4 8 U S Rubber 1st pf . , 97 BUS Steel 103 v. 7 U S Steel pf 120U 2 Utah Copper 62 .. Utah Securities ... 1674 . . Vanadium Cerp ... 34 y2 , . Van Raalte 64 'A 1 214 Vz ' 14 '4 5 94 r V , 14 194 214 i tt 1 54 14 94 ' '4 ' '' i, i "'"" K'-.tl D"H . . v ivuuuuu ine .. Wabash . . Wabash of A uj'i 9 2415 14 1 wcuer ft Hellbrener 1 1 94 7 Western Eleo pf . . . 1 1 2 (4 .. Western Maryland. 1 1 74 .. Western Pacific ... I6J4 7 Western Union Tel.112 4 Westlngheuse A B.I 04; VTCDI..I.K 1U QC iU . , ,, 2 White Eagle Oil.... .. White Oil Cerp.... .. Wlckwlre Spene Stl .. Willys Overland ... 60(4 Ml' 122 32J4 4J4 Utt 1300 3200 100 500 1200 200 1100 300 6!4 2714 212(4 Z914 84(4 65 9 94 2 . . Wisconsin Centra 8 Woelwortli F w. . . Werth Pump ft M 7 Werth Pump A. . 6 Werth Pump B. . 1 Wright Aero ... 110 te 130 nniinrt. is Iht pica en aala: naVu:, nn i if tt nil ...... .r""" "" Ui iiit.-.i!-r-,?y". "isi"-r. Vn .i:., "r'-eii'ia. jeu hliiher: fat up luniDa, weeic mm 13: culls. 7. heavlen, lle'cclpta. 1U0 head. a'ttidy Reserve Banks' t'ederi. ne-rve;'k,' Iitiiciui vani.nn,,-! N. . hrnil. Dec 0 I'Arri.K Slendv L'alves. re ..vn... I-II. Hosten ... . New Yerk Philadelphia Cleveland ,, Itlchmend , Atlanta. . . . -..r. .... 4W ChlcaRe .. ., HI. Ixnils Minneapolis ,, Kansas t.'lty , Dallns . . 4Vl ' 44 a 4'. 4 Han I'ranclsc'e MARKET Quoting Full Lirt ewes "tneHtfy 25eh -L:V""" .? 14 s.l: fat v. -.?.".'....." "f lit. 4cb. 'l '"" e,vea- .bop BANK CLEARINGS llsnk clenrlnua today, compared win. -. responding day In last two 1 yJinf. C ' piill ., 77,oeo,non Jft7,nnn,nnn iTn VVs. Tn Kestnti. 5(1,1 ,(,,, Vi oneno aiue'nsn N, Tork,, 633, 000,000 ,, ,,, '1S..I00.3JI1 .m, bulk l'l aMrasliiel LIGHT DEALINGS 48,1,800 ghatta 008,000 shares 4,510,700 shares LOCAL Today" Net Cloae Chse. t.ew 78 3J4 21514 57 94 1854 170)4 133 74 16 92 11354 69 28 3274 48 50 5194 CO', 69 2974 4814 26 54 654 78 14 63 54 14 21514- 494 f.8 74 1B74t- 17054- 94 13374 K 57 1tt 92 . . 11314 114 69 28 32 74 14 48 14 5294 5194 114 5054 Vz 69 31 lit 4814- Itt T614- 54 47 54 16 54 17414 114 19 tt 238 1 1674 14 1574 tt k714 54 12 54- 54 2814- 14 1494- 14 36 - 14 4214- 14 6874 'tt 21 1894 'A 11 - 54 1954 Vz 525 28J4 Itt 102 66 t24' 594 794 tt 314 tt 14 - 14 314 r 14 28 - 1 4914 94 9514- 14 , 25 54 14 2214 74 1 1 1 14 S3 54- tt 45 r 14 7594 2 54 19 - 54 814 14 2014 54 1 54 14 614 '714- !4 99 54 14 494 74 5 14 994 - '4 6?4 394 54 91 3414 f tt 7314 4054 - 14 74 95-2 .494- '4 29 - IS 4 54 52 54 4- '4 60(4- tt 100 394 2015 79 'i '-4 U -1 tt 5!i tt 106 94 1.7J4 ! tt '8 - (5 .B'4- tt 99 !- 94 Utt "'614 - 74 50 24 94-1 (4 '714 94 18',- 7'a 4854 ' '4 117 ! (4 53 74 -I 94 21 74 - 14 3954 f- 54 30 i.8'Si 15 3 -i IS I 94 - 54 6(5 I 1 9 I 94 fel B94 ! 54 36 9a -I- 1 '4 9291- 54 "254- 55 100 9 54 1- 15 E694 (4 3 74 54 C5 . 18 94- 14 11694 74 19954 '4 118 54 .. 57 I- J4 56 94- 94 133(4 I- 14 7!5 4!4 r 54 ' U I 9!4 - 14 49 j. ,A 5914- 2134- 14 22 94 ! 114 32tt 54 54? Yt 81 (4 y 1254 .. 1814- 54 138 .. 7455 ,. 4 109 i(4 13794 3 " tt r 54 2554 .. 71 14 - 94 25(4- 14 20 t- 94 MK" tt 14- 14 5254- 54 97 103J4- 94 120J4 n 62 - " ' 4 '6?i- 54 34'4 - (4 04 - 14 60 - 1 1374 I- 14 9-14 "4)4 .. 1 1 94 - 54 HZJ4 .. 1 1 74 - 14 1654- (4 112 " 104 2 5994 - !4 i2 - H 454 II 6 2714- 94 212(4- ?4 2914 2 84 J4- 24 63 114 914 .. Little Selling te Lesses for Income Tax Returns This Year Selhlni; particiilnrly exciting eccttrrea In tlip lecnl marki't. Trnrirng wnB relit lively llcht, but the tlenlltiRS were well distributed with irrejculnr price rlmnges. The nlternlleiiH. however. nnniircntl.V represented little, else thnn the fnmillnr week-end evening up operations' of tlw iiruii'MHieniii iiihi hcmi hcmi hcmi traiicrn. "Kleetrlc Sterngn Unttery. 16 17414 18 74 plilii Electric Issues unil U. nmeng the firmer features. vanln Ilnllrend showed oe but fnileil te nmintnin the 1694 159 Smnll nffnrinvu mi-We,! 1 le .'iOOi. enitnl tn tlin low i7' 12 814 149 36 '4214 6874 1094 1814 11 1954 524 37 94 102 C6 11894 7 94 314 14 83J4 28 4914 15J4 Union Traction opened point higher but surrendered Ihe improvement Inter in the mernittK. Tnx selling of hccurlttes n small factor nnd premise.") te uc less, se far ns the 'local stocks arc con cerned. In the first nlace. cempara tively few holders of local stocks arc fncing losses ln their ventures this year. This is ipiite n different picture from a year nge when tne prolonged liquidating movement of 1020 nnd 1021 brought tremendous Investment nnd sneciilntive losses. There hns passed nle n nerietl nf mere thnn within which there may be legally of itlt'iitical shnres sold te cstnu llsh lesc. As te the speculative hold ings lu the New Yerk Mecks, of course, there Is it different story te be told, especially en the part of these who were caught in the civst of the wave of the bullish enthusiasm in October. Itather thnn fncing losses, these who piirchnsed most of the lecnl stocks ut the lower levels earlier in the year have been well repaid for their temerity. Net only because of the mnterlnl en hnnceinent in market value of ninny of the local stocks, but also because of tlie nrelitnble dividend Policies. Ne 'a J 51 ' 1 1 1 14 9394 45 7514 it 19 8tt 2054 154 f6tt 7 94 1914 9414 5 994 46J5 355 91 :3i4 7354 4014 74 95 '4 94 29 x 4 J4 5194 60 54 100 3394 204 79 43 94 94 94 106 H i:7!5 8 894 99 1394 6 14 50 24 47 1814 48 54 117 t314 2194 39 14 30 18 3 '94 6 7a 8094 8 94 35 14 92 94 32 100 9 t6 3, ?3(4 64(4 18 9. 116 1 99 54 118(4 57 E6 94 132 94 714 4tt 174 915 48 94 59(4 2154 2114 3294 5414 81 1214 16J4 138 7415 109 156 1194 ?5J4 7094 5 (4 197a C4 94 14 52(4 97 1 03 !4 170 54 02 1674 34J4 64 60 '3 74 9 24(4 1194 H2J4 1114 16(4 112 102(4 5994 i2 4 It 594 27 54 21214 27 54 84 64J4 9 4 table instances in this te be found in Pennsylvania Itail te.id, Philadelphia Ilapld Transit, American Stores and K'.cctric Storage Unttery. There are still mere pleasant develop ments of like character In the making. Fer unless there Is a serious gumming up of the works lu till geenral linnnciul Munitien, uhnrelielderu of nt least four ether local corporations within the next six months will Unil their income ma terinlly enriched by pleasant revision of dividend policies. Apropos of the question f dividend, there is naturally a creat deal of (.pecu lation as te what the l. (!. I. directors will de en the common dividend next Wednesday. Measured by the tape, it would seem us if nn increase in the dividend rule was a thiee te one shot. If the policy of t lie directors was solely governed from tin earning standpoint, there is little 'doubt that the rate would be increased te nt least (i per cent, with it possibility of n restoration of the long established S nor cent rate. However, ether considerations make It an open question whether any change in the dividend policy would be wise at this time. That, of course, is for the beard te decide. Philadelphia Hish .-.0 Cen Tr N .1 ,"l 51 10 Kast Shere (J K pf.. It) Klec Ster. SOOMCrie 200 (Jen Asph. 500 Lake Sup. l.'i I.eh Nnv.. 50 I.chighVul Transit.. 10 Penn Cent 20 leTs 7a i." 21! 58' , 10 '"s 15"., 5't 74 12'.. 57 Light pf. 57 5(52 Pennn It It 4(-s 10 Pennu Salt S." COPliila Ce cum pf. . 411 1!)5 Phlln Klec ill's 115 de pref. Ill 100 Philn II T ;i(l'S 10 I'lillH & V S'K S5 41 , :tl Jll ae--, 8's 100 fTex PacC & O ... 1000 Tone Hel.. 5(KTrans Oil. KI5 I'n Tract. se r t; i.... e.l ')! 12;1; 12", M', , 4(1 51 r,l t.N'et change made bv cninpai ren with la t sale en .New Verk Stock Ilxchatise luiiii ai- leuii anare. 8287 Khnrei teatctUay. as.'JIIlrhares Thus rmianEM-HiA iin.vus 1000 l'liiln Electric 1st us 2000 l'hila Kleetrlc nujB Total. $'JS2,OeO. cempare'd ttlih yesterdav NEW YORK BANK STATEMENT Reserve Position Materially Cor- rected Surplus of $23,. 146,410 Shown Tin- inip.nicil cesr-i-rp iiositien of the New Yerk Clenrlnft- Heuse institutions wns rurriTtert this week. With a cnin of ?22.L'C.O.0()0 in reserve credit nt the I'eilenil Ut"erve Hnnk, nnd with liabil ities innterlnllv reduced In the i-ontrne-tleu nf $ti(l.."n-!.00n in demand deposits, the deficit of the Inst three weeks wns overcome, nnd n surplus of $2.'l,1 10,410 cstublislipil iihnve ln(;nl reserve require ments. lAinns nnd discounts were cut down .2ll.lia.000. Details fellow : Avr.riAGi: This week it1,407,.10 .120,,1(l(1,(SlO 1 .10.1.80 I.0O0 Kxees r4rte ABBreeate re IjiailB, etc Cash ln aulM and mem hanks n. 118.000 (17,337,000 Reserve in mem ber banks and reRene. banks 503 100,000 503,505 000 Itcaerve In Stale banka iml trim companies fi, 117,000 7,881 000 Reserve In Slate banks and trusi company depel lories . 260.OO0 0,684.000 Net demand de posits 3 sn2.O7B.0O0 3,1540,800.000 Time deposits . 43.1,580,000 435,087 000 Circulation 32.104.000 32.048 00(1 - ,1. r. ui-".ii detluc'.-fil r.7.030,000 ACTUAL This wsek ,M 4 4a At It s. s .. .. ,.L." ..!al(': sews unchanred; ExcS" leserte Aeereente imv Leans, etc Cash In muiIi and membei banks Reserve lu mem ber banks and reserve bank ltesnrve In Stale banka nml trust companies Reser' lu HUI banks and trun rnmpany disi Iterles . Net demand de ,Mh ISO, SI U r.So.seo.ooo had. Fer waek. I, .133. 783. 000 58 521,000 513,5(10.000 Discount Rates 8.100,000 a'r'e' ..'U-" i. i.iu, t;etT. llkrs. llnn.l. ,.: 21,000 ..w.,,b iiaie. Accept. 4 4 !' posits . .'3, 701,481,000 Tlma deposits 4;3.18n,000 Clrculstlen 32,150,000 IT ft. depeills i deiiueted ei,gj,gu Deficit L9W)"$M. i'2a, !tf BUTTER. EGGS AND CHEESE New Ynrl.. Dee ". HL'rrnit steadv. It.. celnts. Ifl fbs . Quetiitlniis I I ns )i i 1 ii'ceipts, 7sn Jersey liei r hltes, uneandled extnis nn W70ei flni' ne.irbv and nearby Western hennery whites, firsts tn cxtra.s, OlMiise' Htate and n'-irby hennery browns, extras' (I3fl0(le; rarlllc Const VJflles, extras, rj rant no. nrsis in eir,i isrs utwflSc. CIliT.Sj: llj-m Itecelrl. 2233 boxes. Qua. tatlens e.chanted . w"" 'CITIES SERVICE SHARES UNDER PRESSURE Establish Stock Unsettled by Proposed Increase in Capitalization. Stutz Streng New Yerlt, lice. 0. The met het en the Curb today showed n gcnernll.v strong tone In the Miert Interval of trading, but issues were under pres sure, among them being Cities Service. which yielded 8 points, te 185, show shew ine continued unscttlcment as a result Ptif the proposed increase in capltnllzn- - proieHsionat - preieHsionat - proieHsienat tlen. rilmins J'ctreleilin wns one et the strongest of the Independent oil stocks, moving up te WM a new high for the present movement. The Standard Oil Issues held clove te recently established prices. Kentucky selliiif at 127 nnd Indiana ranging front I17'h te 118. Standard Cali fornia, new stock,' moved up from ,V te 50. Stnndnrd of New Jersey, when Issued, wns in moderate demand, rang ing above 40. Stutz Meters was I lie strongest tu the Industrial group, moving up 4 points, te 10. Durant Meters was linn, ranging above 01, nnd the Indiana shares were trailed In at llnl. (ill lctte Safety Hazer cold at 2.".'! and 2."il. Sales of Delaware. Lackawanna mid Western Ceal were madf at 10"n te 107. New Yerk Telephone prefect cd sold at 111. New Dominion Ceppec was a feature lu the mining group, selling at H'i and :i'!s. lMt;STKIAI.S I'hlladcl G. I. were PrnniMi earlv Htrcngtn advantage It. T. Iiaeic of the week.' hns been but thirty days rcpurcHascs HUh 3S0i) Acme ,Cual ,17i 1.W 'Js''.i Hl' ls.1 JO'. -(.', s. 1,'. ions 1". l's a :", .Hit L'll III', I)'. tl' 107. -""i III lls s'. .107 -5? Vri4 1 :tK tee Atniil I.CHtlf.r KM) Am IIuwnllHii 10 Amn U ft i: . SOU Arneld Conn net) Ilrtt A T Itec ane Ilrktvn Cy Itv ISOO HuddiUuda 500 Cnu Sn 7 i nf si HI I s.l :i m. 101 -il i k :i ;.ii an II nr. uf -en uar i.ltnt . .100 C'en Ter Sua 1100 Phi Nltipl". .100 Chi Mpnle II 10OO Cel Umer L'llO Cent Itlhbeu 1100 Cent Metet .100 Cnx'a ChbIi mi L'lliO Cub IJnm Sua .10 1) I. W Cen I .'00 Dubller C f. It 2700 Durant Met L'OO Durant .11 of I n 107 i:.i H4 connection me 100 Klfth Av Hus Cp ss 10 Tenl Met of Can .11 .i Olllctle S It 301) Ulen Aid Ceal (100 aei.ilycar Tire :!00 Hudsen Ce.pf ."100 Inter Itubber L"0O I.ucev Mfe 1(10 I.upten P M. l!0O Mas Dent Hti L'OOO Mercer .Met 1110 Mer M V T C lien Meiabl Iren 1.11)0 New rirtien 1'ul. 200 ration T.vpe i liei 7.1 New Yerk Tel pf. .100 I'hlllp Merris 100 Prima lliwlle aoe I'vr"ne Mfa- . . . line Jtuille com . . . 100 Itadlu Pf 300 Itepeltl Cand tene Seuth C & I 100 Htand (J K. V. . M)0 Stnnd Cnpn -'00 Stand Met 1100 Stutz Met 100 Technical 1'ied 2(10 Tobarce Pred :t00 tin Prof Sh n . . :i00 U S Distributes ISOt) V S l.tRht pf ' HOOWiune CeI . . .100 Whither Met 100 V T Mfir wl.. L'.l Yellun Cab Slfir . II ..':'" a'. :" r." u . .v. ii' 1!C. i". :i, a I1! a.i is4 :i' J'd '.. (4 3 1" . II !!l4 I'. HJ, 3 1. "Hi is;, 2. 17 32'., 1! STANDAKD OILS 1.10(1 Aiisle-.Vm Oil .. 18", 1!lU 20(1 l!uclite P I.. . . . !)(! S!i7 IS Cent Oil US 1 Is IlOCrcccent r 1 17', 17 70 Kureka p I.. . .100 1110 10 Imp Oil Can . Ill 111 22(10 Inter vt 21'a 21U 4U MaRiitilln 1'et 21.1- 211 700 Nnt Trans . 27 2714 40 N y Trans 131 131 I).", Pralrle P I. . ,31'i 31s 70 Seuth Tenn Oil 170 1(17 30 Seuth P 1. Kill Ml 340D S e Cal w I . .Ill .Is 11I0H O Kan w I 12'. 12', 1110 H e Kanmis w I 11 42', 12'a 300 S O Ky . ..127 12.1'a 7100 S e Ind .lis U7t, 1011 S e Ohie pref . 117 117 1200 S e N J w 1 in, 401, 201) S u N Y w 1 . . 47', I7't 20 Vacuum oil fi.12 iii7 neil Vacuum Oil I . 41'4 11 Stocks clee clme el 1 20 , 5S'J, 10-v ir.Ts- s "'s i ini)ei'kmi:nt eii.x 1MI00 Allied Oil . ... 2e 12...-f 57 .. l'ai . S5 Ii He :ic l)2r 1-1 lSH US', llli l' I". I7i T.li 3 l's lie "!', .,Sc li.le I-. 13 1.1'i 1 i'- ! ,' I7'3 11 .11 Hi1. I) IS 20'. 3'4 2't 13 II', sc Hl 34i- .I's s( 1101)0 Allied Oil n..-n . 11)00 Iloeue UU . . Tite llosten W'M.iuilu 2(iii Cat lb Sml 12.1 Cities Melt Ice. 100 Clt Serticn uf I'm Clt Herv llli pref 2iii)Criele Snd 300 Darby . . . liine I'ntrrs I'et IMiOO Federal Oil 2neillliland (HI 20O tllriiruel- Oil . loeo Hudsen Oil seen Keysten.i itanuei If (I Klrliy lete . . .100 Latin Am .1011 LUInsstmi l'et (100 I.ewrv UU 3000 Mammoth 200 Mnracalbe Oil 200 li.rB.iv Oil 100 Slurl.in.1 .tex .100 .Merrill Oil 0.1(H) .Meil... oil 2110 .Meun'.uii I'lmi ISOO.MuiujI D IK . :i. n.v . i. un . ns, . tin i"t i' 17i-s.-k 3 . 1'4 IK 2!lc 3' . ."Hi- !l.1e t 13', 111 1'. 12 h 0Vh '.s Vs -; e.l I , 12 i; Hi .. .-, 4. i.. I's 7' cemnaieii ..in. far this week, 114 .Is ni'. HIM) New lint; I'm Oil 101) New V ul. mi 3(100 Neble 01, .1700 enuir Ol. 2S0O I'cnneck Oil 100 Itynn Cn dUOSalt Creek l'lel 1(100 Mapulpj I'.f .100 Sea boa r I 400 Hhell I'nimi 2S1O0 Minims JVt 7000 Southern 1' I. It 1.1O0 Seuth States oil 14-000 Texan Oil. -Me n.v n 1-4 2n". it' .3!: It's I. 17 3.10 ney. ieiy2 US, 000 11)110 IVUi-ev Oil . il 10000 Y Oil 'ic MIMSt. 1000 neither OM-le I' 1TIHJ0 llekher i:t 7- 4liriO HIb I.edg. Ii 1000 Hlson tlnbl 27e Knie lllack Ifuwlc 1 11 1c I.1OO0 Hest Ment 1 en' IT. 20(1 Cannrle Cep -"-. IO0O Candelarl 1 Mu ".! ilue Cal.iteras 2', .IdO Cens Cep Mm .V, 2000 Cens Net t tjli 7. 2400 font Mines l 2IKIO Cerk l'dn lil 2.V10 Cirteii sil I1, 1. Ik Ie 2li- Ilk- 42e 1 ". 1 ', 11 11 1 - 1 '. 1 00 Crcusen fleld 2, 2' a 10(1 Davis ' D.ili 3 3 Line Demi Cens T.I. 7i'f 1O00 Dlamnnd 111 llutie 1000 Dryden Oeld I'S in. 1301)0 I'.ureka Ciueiut .Hi ."'1 ItlOOO Pertuna 17. IV lOOUadsden '" '' tflOOO fleld )ep 1 1 in.- .1000 Oeldflelil Hei 13- 12.- 2000 Hard Shell 3 Ii iniM)Illll Tep Net !i.1, llfti 1200 Howe Hound . ."j 2'j IIOOO Independent Lent '3 -l-'i Last ntf J,K90,860 .121, 1 10,000 "71,3711,000 IO00 Iren lllossem .'7.- 27i 100 Jereme Verde Im .", i' 100 Kerr Lake :t'.- .T. tee Lakn Superlet '' '' 2000 I,ene Star . 5e 5r 1O00 McNamara Cres sc s, 3O00 National Tin 2b .'ii 2000 Nnvada Ophlr 13. 1 J, GbOOO Nev Sllcr Hern .'. It KM) New Cernelia HI HI 700 New Dominion .l 3', 1O0 Nlplsslnu- . 1,4 ! 32000 Ohie Copper 5He 47. 100 Purls Utah liJ II. .1400 nay Hercules 1', 1 ' 7000 lllchmenil Cep 27c 21- 3000 Uuby Hand . ". 2Sc ROOOSandsteim Kend 2c I 2000 silver Mines Ama lsc 1:. 1000 Simen Sll !.id. .He SI, .101)0 Spearhead Oeld 4c .1, 100 Teck Huchea s.1i s; 1000 Temlsknmlnir 32i 3Ji 700 Tonepaii llelment I ' 1 'i 1100 Tennpah Divide . 7K 7K nn Tonepaii Kxt 3 3i( 2200 Tuolumne tl.'i ,1s, 1400 United Kastern I,', I " 100(1 If B Continental 2iu- .'is . tee Unity Celd . . 3, .is, ISOO West Ilnrt Cen 1 ', I ' 500e IVcet Kml Ix iii Ii 1000 Yuken Held .s0 7". IIONDS 11)00 AIIIe.1 Park lis 7.1 ::. 50.540,000 l.sst week l7.472.ien i108,B8,O0O 4,582,800,'e()0 50,230,000 491.J-0.O0O .007,000 0,602,000 3.838,O4.00O 434.062;oeo 32,tlsoeo 20OO Allied Pack Ss. . Kt 70O0 Am Itep Cerp (is . silt, 5000 Anaconda 7s,'2. Id.l. 11000 Anscuindii 0 . . . lilev 2i)0i) Angle Am oil 7i.s in.ii, lioen Armnur ft Cn 7a. 10l 7000 Atl Uulf ft W I r,s .17 MUM llelli Steel 7s, '2(1 lll', .1000 llnth S,e,l 7 '.-bi mil, 12(1(10 Can Nat Ky Kit 7s 1 1n1. s si) '4 lllil'l 37,110.00s I ...ri rni'i .11 I I'I I 111.'". Ill'l , '.!-'. 'is 4 IIM . HI', 1011'. ion 07 HMS nn Oll'i unchunseil cases, v.... nuni t nar iron ss 11 rienn dm, naN um, ftt st, 20(1" fnp IJxp tH,'2,l licit, 2H00 Ctid.thy I'aclt 7s . IIP. llMMiil lt Pity Uas tls. nil '01)0 Del IM lis w I en!, mmii tiair unlit Ts 100(H) (lull )I 7s . 2(inn Ilond ItuMier 7s 110IMI Inter II T Rs etfs 117 '4 1().1. tin 07 ; no' tin 101 i in' i (n't ni't 10.1i 7S"'i Iliii I" ss 1 1t Jillt. KIT,, 1111 10 Mi till 1(I2 ui:iV, 101 107 1HI 102 let 10.1 l.j 1(i"a l(IO'i ISTS DO1 (i) KllU IOiV, I'Sji Itn'i nr. Itift'i 7MI 7'A '),) S" 101 I'll' tirt'ii tui tet'i na lO'J"1, tea's 10.1 107 Imp 1025, nil lO.I'j ih ) en ''4 !JS', 1.1 as ii' '.IS te 3s snneii Klrit of Neth n 2O000 .Mnxleu tlevt Itt. 3S00O Mexico Out I" loeoo Mexltn tlevt .'Ie 10(10 Hep of I'elU St llienil ltuelan ll'iin 1H0O0 V S Mcx Is. . !K) as', it', ns 10 as ns in 31 GRAIN MARKET Prev. Ctofe Ujien Corn Cern Dec, . . . Mhv . . Julv . . Wheat Dec Mhv ... Julv , Oats Drc. 1 May Julv . Hit May . . . I.ard Jan. . . . Hid. 11 A M. 7IH !"; 7IIS4 I 2(1';, 1.1s', 1.0S 11 I3 III'. S"5i 10.01 70", Wlti tl'.lS 1 in'i t.17'4 l.esH ilk 40'i 7(1 70 I.IIU'j 1.I7' 1 es'4 ft nil", 'si 1 IT II it III'. II III1. II' 13' 10 110 NEW YORK, COFFEE MARKET Open HUll I.OW Clese c In Cle.r Dec . .Tim l'"eb . . Mar April. . May .. June. . II tlSSf 10 OO til. 7.1 !' 7.1 tii.r.i: a. .is t".l. IS 1 II .1(1 a. nn 11 11 til 2S !l 2s ii.p.'w i:t ii 12 Il llli 11. 1" n 1.1 ".1.1,1 .'i.'i.i t'l'i'i It.ieil 11.20 s.s.i' s a jit s in t.Veinltial List .17e ts'4 ts l'7 N S2fS3 ts .IS :uf, an s I17 July . . auk . . Sept . . Ifld 21 (. 1(P7" t 1'4 a 1!'. Title 211 teT4 m 107 COTTON MARKET Ye st f le. 21.7.1 21 7S , 2I.1H 21. S.l Open 24, S2 2I.S2 2.1.11.1 2 1. IIS 21 70 Hid II nrh 21 117 21' TT 2 I. SO l.en J I sj 21 s I 2.1 02 21 !. 21 C7 1 1. 1-. 21 ss 2 1 !' .' :i : 1 2.1 I2 4t I I 2.1.0.1ftl OS I 2 1 73'" 7 1 ' Dec. .Ian Mar Mnv. Julv 21 Stmt. te BAR SILVER C.1U It. s',. 397 2.13 .12 "4 11 'jft 11 ., t un. 3i- , I)emi. tc bar Hthcr 1 New Yolk today at '.ie,f ferelim. ill'ie. K'lln f the pilce was 1-Klil up at ' ,n--.i 1 'i . (In,- nuni e ' III I nil. I. ,11. I 31',. I radio i-tiit rtit in .nti:rv Powerful radio s"ts will kep Itudnnn 'lay Cenipan'a lteats in cleie touch with Its but ers next season. -Ar. Interestins .irttele bv .ullorten Walde rn.ently revere.l this unique topic In the Huslne.s Secllen nf the Puiuc I.r.neKI(. "Make It 11 Il.ibll " ti, . 12'4 .. II1-. p.m i !'vi 3', 3 .!?' 'is';, 3' 1 S140.000 MARKET ST. ELEVATED PASSENGER RY. FIRST 4s MAY 1, 1955 'trtf lien 011 rlrvntcl n7 sli ''(' "liir.s oil MerUrl stirct, l,tm l'rnnt In filth .tfrttx (iiteirivlertl irnic'pn OH7 (iifrirs) by I'hilailclphin Kniiltt Timiill l'e .1:1 13' Vl'4 no 47', ion 111 21 '4 211 '". ;.u 3111 lei nn ?2'.: FREE FROM STATE TAX IN PENNSYLVANIA THE COMPANY PAYS THE NORMAL FEDERAL INCOME TAX OF 2'i PRICE, 83 AND INTEREST, TO NET 4.80, 12 , 1 12.1's I 117". 117 I .'.'.V ! REILLY, BROCK & CO. 306 CHESTNUT STREET PHILADELPHIA usi; nn r. i'i 1 Tt .I 3 I's lit 211 3's Is, ll.le 1. 13". I'I SPECIALISTS We make a dependable market in all i-sues of ' UNITED STATES GOVERNMENT SECURITIES COMMERCIAL TRUST COMPANY Mcmbsr Federal Rtisrve Srittra City Hall Square I', IT". IP, li.l, ii.V 11 I-. 2.K. :!'' 13!; ns ti 17 3li Safe. Bends for Investment Halsey, Stuart & Ce. Inc. I, 2il-10,-47,- 2J4 3", TMc Bid. TtUphtu Una, 7410 .1 7.1, in!- I'll,' 17i 7ne in- iie (I,-,.- 2', 33c C. S. PATTON& CO l . t'lllTM T sis. BANKERS Mil lessors In . PAIl.LIt hTKVI-N'SOV H;nd nnd tnrl.H linmtlit mul nM. Members Phllw. Slnih Ksi linnte. Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 1(50 REAL nSTATT TUUBT BLDO, Uft-Mliste and adjn.t tutnorstieo ssl liirtnrrtlilp aereunts auJ prtusr Ucema T Return. j-ir 21c l.ln Ie III 3 HIP lit 1'4 FlNANf'IAI, Vr-NTERX STATIC ;.s, Mi I : I . i; 1 1( 1 ( COMI'ANY FIRST AND RLK NIIINi. MO UTtlAtli: H I'Klt ( L.NT f.lll.ll Heniis. ,u .'I ., u.n, l.-si, lull, 2lln l'ursuntit tn terms nf muiUjst.. iiu ., iunn 1c 1 11)11, the umlRlsuneil IntllfB tenders 1se nf nbetn bends for sale nnd deh,.M us ,,f 3le Jnntnie 1U, 1023, nt a pn, . n,u hh,i,1hii se , I-., i,.uni iiiit-it-si it 11,1 nte ii,., tr, it s.v inluni te the extent of 1 1.12 mil 11 1, ,. ,).'. new atiiilablH In the SiiiKIhe I ,m,l I'll Mini i, beaie,i tenners slntltiB nuiubers nf hiiuils Tie "I i' red. addressed te tlllt Villi 1 ItpsT i 11V1 'I. '.N- Trustee. Hlnklim pu,i. ..,, i,j, ' Mates das and Lleclrlf I'emp.im Ii.hi ,,. 1, , lie fumllnK .MnrtRiiKH 5 IV, f.'m ,;,, ,,, ' -'": IVf'-t rre-1't"1 " 'J .. JnmmrJ ft, 11. W.v7W'5T.f.!'':yv. '.! ,.,,..,,..,.,.'..' .'."si n 1 11 lis usurer sr J """" -irnii,. 1 .1 I'eienih, , I III ' Annual i:i,s linns llli: I'lllLAIMXI'lMA .NAIHi.NAL HANK I'lilladelplila D,-t- nil.er .", 1 ill.,,,., 1. 1.... ,,.... t .. '' - 'Car M SI)', 1 ll.1i, ine 0,tlt Hit's ni im'. IIU's IIO. H2 '1 lis', lu.t'i Dl'v llli 111') s P7' 1 11.1. nil Oft', The be he'd ul 1 1 ......U.. ....-,,,, ,,,,- ,ir,,iIH Ul, III HI" 11,1111(111 'Hill,.,. ,,,, 'l...l. Jnniliiri I). 11)23 nettteeii Ibe Immiih nf Noen mul 1 I'. l 0 HOW mi wif 1 i; ,.ns r 24?? i:il.lll II NAIItiNAI. HANK , . fhll.-l. II III.. Hisemler '. IH.'J rehl at tin- .... r,t .,., , 1 en riM ., H .in ... I' 111 III lluue 1,1, 1, ,,,!,. J"iiniir 11. t:i, n't Im It 111,1111 nml ; p. m Mu I u 111 nf 1 s Pll.MU.PH IJ Piini.i .1,1.' i-J0 "'NMNLION NATION tl. lltNK vtlll U I,:. ".'"' ... r.' . " I irv-lnrs liulil niniii wee Kiin Clly I, t P Si oe'. 1000 Kn Oiis 0 ,U7 ' ICOOiM.neletl U 7n, . iMl't ItiOO Mhby itrN & I, 7f. 1 0 1 Vi U'OOfi Mnnllelut IW i llS'i IO0O .Missouri I'df ll'iir llU'i 4000 Nat At me 7',iH !) I r.nnoNet ciih!; ft s Ss r, nene n r .v ii ii 7 7s'i .loiieo N Y N 11 II 7h l-'r l7'i anne Ohie Power .Is II an HOW Penn V ft 1. Tet SS 1000 I'dllii Kiev ft'iR . .101 lOIUI'hllllPH I' 7'SS ww.lllll lOOOJ'tih Serv N J 7s.tea,4 1O00 Searu'lttk 7h, 'i.'.l.lOl fiOOO Selvny nt Cln 8 lftl moo south cniir i:e r.n. na 10110 Seulhwnut Hell Hn.lea aoue s e n y 7h, .M..iea' .10110 SONY 7, "il 10.1N tIMJO SONY 7h. "2S. .107' neon H I) N Y (I'.iiH ... Illrtfn 10IMI Swift ft Ce 7m. "31.I02 2II0OU Swift ft Ce f.s, "2.1 i:l4 ROIIO tin Oil I'reil N. .101 IIOOO Un Ily llav 7'4n..1l'.1i SOie Vactiunt Oil 7. . I D7 '4 reiiuiON lieNhs 20(10 Araentlne 7f . .1O0' Knimiiiit W V I'lllt P p,',le, riNANt'lAT. IMITIX lltAMI)ltl: (DMPANV riR.'-T K)ltT(l,lll'. NIX I'l'lt CI-.NT SIMtlNII It Ml IIOI.I) IKIMIS, Dti; JAM7AKY 1. 11)27. ' Pursuant te the leiiim of the Trust Mnft. Kaite necurltis Hie nboe Imiuls. neflcsi Is hereby Riven that the felluwlnc l.enils. nuereKa tlin l.l.filiO, lmn tuen ilrnwn for payment for ic-ceuiit of Ihe Slnkliu' l-'un.l an nr January 1st. Il23 DcnoinlnellonH of JloeO. j Nes. B, 7. J.I. 2.1, 31, .11. 3.1. II. fiO, 7.".. nn, lis. 1 no, inn. 20s. 21:1. 217. 22.1, 227, 2.10 .100. .lOii, 311, 1133. 317. 3.17. 3S!, 431. 1:12, 41s, tsi, iien. win, r,7i. r,7i, f,ss, r.sn, 1 mm, ft'in, 1101, tiu.i, nis, 112s, 11311, nail, n.10, IKIS. 701, 70.1, 71 1. 731 7.111. 7fi3. 7ft7, 772, , ine. 31). n.ii), kii, n.'s ti;i, 11111, 111,11, 101111, 1 Kins, 1(100. 10fl2. IOIII 1072, 1 101. 1120. a, 1 IL'S 1 (r, 1 CI, J2S-, J3l."i, I 1)7 I3I.C 1122, I 7S, IISS, 1.101. 1 sit, I (10.1. 17s, t is, til It',, I H23, I S.l. 2011, 201.1. 2 1217 12C.I, I.TI-J, il.1t, 117.1, jae'i, inn.', 2122 221:1, 1372 1IIO. I'll I, 1711, 1H13, 2107, 221S. Denoinlriiilletin nf tMill ! Nns, 2137, 2H1H 2171) 211' I I ...w. . Hie funds for the imwht.i of lb' rthev licnds urn new en epeu with the Tiuei, I ami the heeds will be nl.1 nn pies'-iutitinri 1 en and nf., r .Tniituir Jin) 1H2.1 ul 102 rind Interest te .Iniiuary li 1!)2.1 mi which iltta suit lnteret i ai, in, will irnir. OfAUANTIli: lltl'Sr iHMI'l'fV Tril l)y lir.ll.MAN M xpni.ini, AHuntlr citv N J Vlrc Prenldenl eeemlier I si 1(122 ' ' in tiik tttii. inns tir nn: iiiiht iiiikc. I (';!"i' 1 11 1 i:kn-. i:au 111 1: run vv. r MMvINtl ITM lilll utiMis III llli: 1 rilltl.MAI. COI.MI-UY lOMI'ANV. , Nelle- , hei.l.l Kleu i Tim CelnnMt IJrul ((iie,iin Tmsiei- eniler MertKaBB nf 1 nie f elunial Celli -r ! emti.im In Tl COIn- lillil l.lil Cnnip.iev, Tril"re. ilileil .IntlllarV 1;l Kiln Unit, pursiMui In lb.- prnilnleus nf llw wH lilDtlB-.'ae Mmv will reeelie until i: iielmli iinnn, I'.-islerii M.iinl int Time, en lii-H-mlirr I3lh (I'."J. irndrri In wrlllns nt I the nlllie or Ihe Cnlniiliil Trust C mpilli I slliiiile it 3X7 fourth m.ntie In the City I of Pltlnburen State of Pennrlrfiili nf ' I mis for nuwhise ni r (li.-ei.-nt out i,t Hi" m..nei or the Slnkiiii; I--iiihI, which noir iimminM In J.l.lsn -J3 Th rltrht Is r,-,,.n.-d in iej.,i ,.v ml nil Jeiil..r in wlie'e n.- In .,m Ne tenders will , be Torched aftir D'lrrnl.i-r l.lili may at U "''.',".. I")n" fa-ieifi Siiinliir.l Time 1 All ItiinrPht tin bends Hi., lender nf vhlcrt 1 ,,e?.' tw",e'' "ln "'"- (i Dcceinuei 13th. , TIM: COI.ONTM, Tltt"-T COMPAN TIll-STI-l! 1 ,11 1 I north Aenne Pltlelniruli. Pa - .'.",. .'' "' Pii"Nrnrsi Mtntr". v- ,: "'" i'-'M" I't MH.tll.ll 1111" iw ' ,, ii ", H h.'."'l'. "''" "'" perell'inl tn , .!- Miikiin: I- ur. .im,i,i of n,e ,limll I iri'lff-S0- ,li"n.'1 'Wii"1 I rl. nrniim.iis wl'l lie lie, . u,., 1 ut , tn,0 nf ,), i-.jmtner. na I rii.l 1 niiipuiit. TniKiei- cut II ill 1 WJilT- ,' '"'"'''hln. for tl,. ,,p te Ihi rV,r."ir"r,.-.:MlnUL'" ,"'"'"' Aii limit mi ,. I.n li '. I! -' of tV" '" "r ,l1"' of ""Id ;',"'';" ;", " i"1!" 01,1 1, ,.e,i infv ami ,ieriie, Inter,, , - , , ,,.-, P.,i i rni'i" ""v u' '''' '"'"'"I' I" whelH 01 . i.n!l'''n '"""'""If -I'lHi-r ser,i mmiliers nf m.b ni .""' 'i'-'"1 ,,l"",k"1 ' l'"'-""l for in,, irnu-.i 1 ." i1 1 'lel'l Hi.nils Hlmil il I. nneir riiiV0 '"' "'"'"-l-'ii-l l-etere 12 r, . Inelt nnnll I ltllr-r)iM llrtrnil,,,, "w n.,.i O.MMI.IICIAI. .-MM -s I" - -.MIM Vvr Trti.le. I,,.,!, ' v"-s' I'c-'I'lent. .') iiiIm r 1 . Annual .lleetlncs ."-' I ltA.NKI.lN NATIONAL H.NK " IipsIiiiii lriTt tte nr llrii.id , , PIiIliiI'-'iiIiih Hit 7 I11.'2 iin.T '. T "-',','. -V' ''."": "' ''' ' heldeis of Hi .V.."1- " '" l'""1 '" ll" lunkltu linusa, I He, ("hesinut stirri. I'l,ll,l(lflplilrt un 'I ues". , din. .,,r, !) U.;. , ,., ,iwl, , tnr the el'.-tlli.it ir 1-iim.turs tn v rvu fjr lh ' enrUIIIK Mir: llNe lu tnte fur ..r .,.,.,,.. . 1 ,. , - - i-..-,, in, i,'. left re Hie me. line. , I 'M HMtur lce President nnd i"ushlr :.? 1HI-. A N.N l A I. .Ml einckhnl I. cm or in,. JTi.Nt, nr tiik I'hil.iilelplii.i Lire held nt the Heme II I North Knitil im Wednesday, ll.. If, li.,i (hu J Insnr.iiiie Cnmimin ttiii . Ulllre nf th i.-.impjnj Ne l street Plliled. Iphl.i. I'n i .).inu.ir. ,', i!)-;:i, m i- i lepui t of t't al e ir the lle.inl of Dheelers for IK, III the I nmn.tni . ..1 1 . . r r,.....M.i .",1 1P22. and tn elei t three (3) .Inc. tnr- 11 nrv ftn- Inn. Ill ye.iiH. an. I In ii,.i..l i ueh iil.i,- business ay in, it nrm,, rl, ,-1,1,1 Lcfoie tht- 111. ,IU1J r 'i. ceini:s Se, I eta- " r.riiii: nm M. MLI.IINti or TUB llT II.. T....II.. V...1 Hank. 'hllllllelllllll. Mill I... ... J.I 'v,-,.'L.i'i' Jiintur., Dili. Ill -J. IwinniMi in,. ,,,,;V i.' ti-neiK nnil P. 11.. ut the It.mk fir ,ul I purpose t,r ei.cHin.- IHwimrs fr H,,. nie-i 1 5 I tear nnd for th trans,,, mm ,,r , .1,"': l)Uinei.s 1 tncetiiK. mat- pretH-rlv .am. ,.-fe- the 1. 1. n.Mti ivn I'res A I-, 1. t. ifcB? MIR Clin. .1 l. ut II neckl iildc-M i.r 1 li in...... limn .if llir situ,, uf IViii..Uaiil,i held en lMiniili.. .luiiM.irt i-.h. n. m i ... .u. ...if. ".."-"" - ui int mih i- in nie i nm in ni, 3ns-3!il In- i.ll ' iin.t ii tny hiiih pu'n ier TM I'll. Ulltt'tei h 10 vprvi- fv. if.,. e tr.uif.il , I'm uf nu iuiin V Itll'tsPtlttl .if I t,-. Mill lil.NJ2! l!'!Ii -.y -' '" ' PINION NATIONAL llM - l-lllt.l'l Mhnt I 1 . ml im .11 tnn-i The iruiua. Mtiiii- uf i h. -i... i.i...7.7' nf t it I", ink li.r Hi. Hiiti-m nf Iir.r t.v 1111,1 1 mu 'ie i":.i tm h iin- ibijeini .-h a- m.n im.,,. rly '' ';' -' ' n wfll a ,p!j ;t ..,.,n, it, ,.--i. .- . 1, ,,,,-., i,, .lilltii.irt' M I III DLIll'lv uis or is j. un,l I f tl l'.MI!l.MM. r-.hler I'l.llHde l.hl.1 1'., ,., ,, ,', '- I - iii nml m. -I nn: for 11 ... ,, ,..' i,,-.itei vtlll I., held .11 He ...iiKiiis I. mis' lin-iliO. -InniKirt Dili, IH2.I. ., ... ..-, 1..4W ilium. mwiN ri.fri.ii. Cisnn-r. ,-'MlltllllliN NA'IIONAI. livsu u - I'i I til"nhi,i II. ..in',,,- ' in-" The M. nil Mi-ellns Of M.i. hh,)l1ei"f,ir M.i l.' 111 if liirxitny (,r this II. ni, tvnl -.- In M .' th. Httikiiiir Him, t ,ih ' llilni U. lll.M. lelttr,.,, ihe 1,0,1, . r 1-1 'i .'': M-'ll'l-lll.i:!! 1 . 1 , nn. 1 hist I'h I... I -lull . .HINI, IMNK 1 I 1. , iMtil-n, n ,, .., rlK of II e w., , ,,. ,., H.lllklilL- lleil-e ,, Th I I II .1 the l''l-Slllllt m.M. ut n't llll-h M ' m. 11 fiMirri: ,-,,. .. " 4' .NMIIINXI. si;, , 1 n MN. 1 'I - ' ' . I I. n.l.l.n. ..... . -,-,.. 1 y, ....i.. -.- ''-- ,M -,'itiiK 1 or in,. el,, ),re. ters nf ihis limit t.l ),n tiel.l ' inklm: lens en I u.-sili.,, , .luninir. i eineen th. Imn. of ); nn,,,, ,( ., ' mi of .it 11, 1021. . M. t ie- .. ii ni.i; LsT Till, -..-s:1.1. .Ml. 1:1 INI. in i.,. Ntwl.l .,.,i is ..f th- rnfl t ,, ( limlMII.1 U1 lip held ni th,. .ifflre , f h, rimip.tnv 31.1 and Mirlci stmits p,, j,il, rihl.i f'n .laiiM.uj ii. 1 1 ill between " ' t tnd .' 1' M ' (Slened) " If CflDFT ii?J Till: ANM l. MM.1INI, in 111a tnenii'Pis m me rini ,,i,.ini,i . n :: ;,v,,r!:ri,eh!"!::",,hi',i:h!!,rr vr ,V:::!!,i!,,v j;..m,ne,"ir,i,sk,rr, : """' l.K'HAPli II Milling h. . ,r; ij&' "llli. NM l. Mill. MM. tu nn! I'iiIIi v li Mi r (.f ih. wi ,..,1 ...1 m... ... lire IliMiriinie ( ,,111,1., 1,, ,n . h,l, i .i.Vsir etlli e 'II. 1 mini,, 1, , , fiiist Hull, (Inn jiimutr- l-1!f,'-1 Ml I n'rlnil., I'. '."""' ' HU'IN t ATI ft: yrrr,,rY lilt Idends nn. iiiiiitii e.iii'xt,-. iii ii'.u, , " ,, 4 I , 1 1 Till i ri.- - l'lll Inn Ii 1: ,., . , I" ;l ' i.,,l f 1 .'ii th '' -i "f ."" '-' I. hiv ' ! imi . , .., ,,r I ,l " " ' I" 1 -1 1 llijj ' ( ( I V- 1,1 V !(,. .Rill l II- in t .iliilii,, 11 Mm-lt- 1 ,' ', "',r " ""I d.e new .1. -I" Mu. i 1 s i,f ,,, n, 1 . 11 1 uf sieell in , I 1 ' MI'l I 1 1 I'I'.'.' nil, I,, III- Ill- I . nlll. Pin hi I..r, .1 .1 iittmrv ,,f I...H. , is,. r Ii), r 1 1 iint - 1 , of ricerd nf int"-e classes ,.r stm.li by tnn- ei-iini .'( "11 si'" ' 'I Ti'i'iini imi va.ut Inte lit'tt I'.ii U t'li- 1 1 ,, I he Milled V tl I I I. II NUPI ' .N I .. .s.irr Ml.ltlt N ( lt A I (II MK (IMI'X.NV I I'I..' I'M It 1 I, I , . ml .. l'lll. 1 i.itri' 1 i'ii I. -. IH Hi 1 H. m , V dtnteliil uf line l.nd Ihri iullirlers per I'elll tl'.'VI "II Hie IT, f I -.1 .rU f lh,t I I'ellip n ti.is Ihls ,l,i be 11 ,1.1 hire I. pa-,. ,,,1 Mnp.l.lt. .I.imn.l I, III'. 'I, t,, slm k- bnldi ri 1" leeui.l ,1 Hih .!.,, ,,r lnisln.,,1 ll-'li.l.it Deeeml.i-i IJ 11.2J .li.'ki UI !" in.vli',1 b. th (Juirant Tuci. Point'. tn uf N.-tv l,.! II. C Wll'li -leeret trv s i I. , VI) 'I'leaslii .r MI.KK N t lit A l'lll NIIIJV I tilll'A.NV N. tt Vml, Iii ,inil,i-r I 111S2 , 1 iMM'lV l' M'lTM, H'ltJPli ll IDP.NI) NYl si MUlUte?l ,..'len.l of I III re ner ,,,! (3',) en Hi" 1 "nini'.n Mn.l, ,, this Pniiipnny h.ts Tins 1. a, n.s.,1 ii,-, ihii'ii i.ntrilili. Millllliir I it 1111,1 r I, IH13. te Hlu, khnlili rs nf muni at ihe f us, uf Inislni ss lil, l,t. in , ,.inbr Js, YTieihs HI ''e mnied b lb,. (Juarst.ty llU'l I'lHlipi.nv nf Suit .1! 1. II "' U ll'l. s, rr,rv S s 1 1, J IVn f.jnrer (ill, Mill Mil s'l I IIMI'VNi Al n Hie Hint .if (he II.14, .1 of M.int. ,..,. held Ihls dm a iiu.illerlv ,IUn. h. f ,nn III) ret tent. ..nd an iii.i ,11 villain) ,,t tr il) in... 1 i-iii '!. 11)23, Iii I tv.-ie ,ie. iiirr.t nuwihli. en .,,i,. , -' .,..i.,, ,,, rii-nril en II,.. I I, ml, s of li 1 iiinpuilt at tin. 1 hi,e nr 1. 11, 1. Ile.sln. I,'. 1112.' PI.,K, Mill Im m,"- TIIOM.l.S .-( KH'KINS I rranuier. I'I I, Up, I'i'.' P .., I III t Mlll.t ttl.Nll. Iltlisr,,, " llreud 111.1I ( iiiiiuilil 1 tienue ri.lhidelplii.i, dp,, -j ,...,, V ' ';"'-. '""'liiK nf Un ll'MHI iif'ln i 1 irs l.i.i this iljle a setul unniiil ,11. . .I111.I or. Ii l"er.M.il waa .lee) r" " , ,WH., Juniuir- I. Iljttl. In, slwKlmblerH ilfr,,,,i December I'll 1022 PI,e..1(H wM hr,'r4lff"' WILLIAM A CART.IlJi 1 112.1. 112s nr.r,, 11711. 12:1.1 i 12113, 12S-, 13l."i, 1.11 I, 1321, I 1307 131.(1. 1122, 1 112. tllll, 1 1-17S, ttss, 1.101. ir.ea. 1.1.11 j 1 nun, iim.i, 17ns, 172s. 1732. 1 ism, 1 11 in, IH23, pan, man, 1 lns.i, 2011, 201.1. 201:11 5n")i, ,e- !!, , ,,it ti 1,11,,-k ..r llirt nnnli rium one million the liumlicl b'Misaiil ' .ssni'iit jiiSn-'.V-""."' " " "llllln" lll" i.l)(Jtl.O(M ). lb.. Inci.-n-e te be inide by stock illtldind finui the unilit.e, pruflti of 'Ihe lunk. and unnit in Ii nth, 1- l.ii.ln.,, . 1 mu bu brought a -! Pi - 1 rX 1 ;1 hi w 1 M m mm j ' Vii, rS l. IU' 1 MM '.I ir. I Trei-urer , H-lti.. ,,lll. .gy.TS,Vt,4.rf'.4. i. v r 1.1
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