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30
EVENING PUBLIC LEDGER- PHILADELPHIA, WEDNESDAY, DECEMBER 20, 1922
VfJ
PI
Hi
It Ww'
U ' It
St.
iTMk V
H !
: ifi
.,- tV.
J )l fYJ
Ztt M
ti.fM.Mi-ri !
?;
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Ct,
I'
.11 44
'
I
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)
Mir,
4
IV
vf
I h.h
ftfea r:1
Consumers Power
Company
First Lien & Unifying Mtge.
Geld Bends, Scries C, 5
Due lOtt
Net earnings for 12
months ended Octo
ber 31, 1922, ever 3.18
timeii present annual
bend interest charges.
Price 92Vi
and accrued interest,
Yielding ever 5ViV
Complete circular en request
The National City Company
Philadelphia 1417 Cheetntii St.
Atlantic City Challent Black
1233 Boardwalk.
In view of the popular
interest in
Standard Oil
of Indiana
we have prepared a special
letter ceverinc the record
and prospects of this com
pany with latest develop
ments and analysis of
financial condition.
Ask for copy
Netei Reports en this and any
ether active New Yerk Curb
Exchange stock will be sent
free en requect.
Call, pbtr.t er turiit
Jenes &. Baker
Members Neu erk Curb Exchange
Direct" PrTvaTe'wiree
KtvTefk Chlciee Defter rbtlee'rleiti
Mttibrs Dctrali Biltlmen Clciini
PHILADELPHIA OFFICE
Wldtner Building
Din
TeAspheflcs
Lecus 47JO
Kerttea iUca 3841
BALTIMORE OFFICE
Emtrna Hetel
Tt'ispbcas RisaS43t
Wa Own and Offer
Caroliea, Clinchfiild & Ohie R. R.
lit k Cem. St 1952 D6!j
Americaa Belt Cerp.
ltt Mtft. 7i 1937 100
tic normal federal loceme tax free
aail Pinna. State tax refunded 00
eaeb time,
F. P. Ristine & Ce.
Widtnir Building, PbiUdelpeia
Mew Yerk Zlliabeth. 'it. J.
Sltmlert ,Vu Yerk end PhUadtsMn
Stock EzcSangri
GcoigeK.WatS(MVfiCe.j
UrUhcd V-Wilicicceuniants
Income Tax Consultants
wteeaje WartiintceJAC Brtnteei
Iff E ASSIST EX-
rr ecutives
IS ALL KINDS
OF BUSINESS
LARGE &
SMALL.
A Consultation Involves Ne
Obllcutlnn
llEsWeTmriBlPUa
FIRST
DIVIDEND NOTICE
Smith & Brodhead Ce.
announces the payment
of 7 7c for the first 3ix
months te be paid en or
before January 10, 1923.
We Are Interested in
Driver KarrU 8a. 1.91
Zaatera (tatei Pub. Bar. e
Amir, Pab. UtUttlei 81. 1843
Ualen Puklie Service 8a, 19
Hew Terk IntarurbtD Water Be
Cesteleura 7i
Cestlsental Moten 7i
Hlvir Kaliln Paper Be
teav. City 4 rt. Leav. (All laaeea)
Atlantic Shere Line Ry. Ci, Mi-Ci
Raclae Water fa, 1M1
Freeport (IU.) Water . 1M1
H. C. SPILLER &. CO., Inc.
VpcclnlUt.t in Unlisted and Inactive
SrcuritUi
SI Wall St., H, T. 17 Water St., Seetea
ennnnnnmtewinrirwiiritwvirTifWiriiitiri
MAINflnd COMPANY
Otrtlrted PubUcAeceunttrnte
FlNANCI BUItDINO PwieVDUPHIA
uumuuuuuiiiiij u iii 1 1 uimuisuuiiuubrj
MORRIS J. ROOT
Certified Public Accountant
Lafytt Buildinf , PhlUdelphU
llV'HrV-B9ia"iaiaHaPICll II
fl HTnnifl"aiaiaiaiaiamaial I II
(Vv J
il!'?-n,-....tja.. , ,
BUSINESS ON CURB
; CONTINUES SPOTTY
i
Southern States, After Yielding
Fractionally, Turns Firm.
Standard Oils Narrow
New Yerit, Pec. 20. The curb mnr
I krt developed alight Irreculnrlty nfter
l the eppnlnc with trading fnlrlr active
In spots. Southern States wns one e(
' the mere active issues and, after yield
1 Inn froctlenally, turned Arm. Cltleit
I Service opened up 1, but later lest
ttie advance.
Durnnt wns fractionally higher. New
Terser Zinc shades slightly, Maracnibe
was ajnln under pressure, yielding a
sharp fraction.
The (standard Oil shores moved with
in narrow limits with the exception of
Imperial Oil of Canada, which Im
proved iaj.
lXDt'STnlAU".
Hlh Lavr 1 P.M.
100 Acme Ceal O.Vs 8.1e R.le
800 nuddf Ilud IS If,
lift font Can w I .... 41t 4l'4
inernx'a (.'ash Stores. 7i 7
1200 Dubller C 4 n .. 4 S'4
1A
4..
BOO Durant Meters .... 73 73
T3
000 Film Ini Mach Ce C.
40a Hudfen Man 10H
109 Mesahl Iren 12Si
MO Nnr Plctlen Pub.. 14
81 N J Zinc 170
B0 Radie rem S'4
100 nadle pf 211
301) Itspettl Candr .... 3
10OO Seuth Ceat A Iren 8e
lOrt United T Shur new BH
:00 tVane Ceal .. 2H
J0 Wlllv Cp tit pf ctf (IS
100 Wlnlher Met .... OS
RTANUAIID OILS
nt
10
laU
14
ms
14
lneli 17i
as
SOe
84
2S
as
OH
sec
OS
400 Arale-Am Oil ..
10 tluekiye PL ...
Oi) tlalma itlcnal . ,
10 llllneli PI...
210 Imp Oil Can ....
200 Internall Tet ...
10 Pralrl Pipe ...
30 Couth I'enn Oil .
Sen P e Kamai vf I
100 fl U lnrl
200 e N T if I, . .
300 Vacuum Oil w I.
17S
37
17S
80S
17't
80S
87
101
1(11
181
.114K 13 114
20S 2DS 20H
,,311 213 813
,.161 1SI 181
,. 42 41S 41M,
,.111S 11JS 118S
, . 8H 40 48'i
. 40H 4S 40
INDEPKWOENT OILS
100 Ark Nat Dae..
SCO Carlb Synd . .
?H ?e
25
174
3
3h
7c
42
!8H
1.00
17
It
3K
2lf
24
12
12S
7r
.- 0
.1 I'lllea Hrv 173V, 174
2oe Crelr 8ynd 2 2
100 rHenreik Oil 1 1
300 Oulf Oil Pa .... 80S 80S
200 Lewry Oil IS IS
10 Lyeni I'ete 7lc 74e
700 Mammoth 42H 42
000 Mararalbe Oil ... 14 13S
200.Merrltt Oil 8S 8S
300 M-xIre oil . ...1.00 03e
4 no Me in-aln rrel ,.17 17
200 Mutual Oil ... IIS U
600 w Mx L.nd.. 3S 8S
jnoe Neble Oil 3lc 2lr
.100 Rapu pa rtef 2S 3H
140 Hhill I'nlen 13 12
ISOOSlmma Pet . .. 12S 12S
101O Southern P 4 R . 7e 7e
P("l Seuth Statu Oil. 1CS 18S
4000 Tn O L .... 82c SO
10iTirnian i. K,
10O Wllcui Oil CS CS
MINING
18'i
30c
1A
0,
lOflO Die Ledie
ra Be
He lle
7c 7c
2S 3S
Hi 3S
14e l!c
,1A ,1A
Toe 70c
S8c 6e
24e 24e
100 Pc
23c 23c
1A 1
aec 20c
.'7e J3c
1c Ic
3,1e 31c
JS IS
Oc 8c
24c 24e
.c le
ee c
4.'e 4fc
70c 7de
sil1 3
10e 10c
3e 3-
76c 76c
5000 Peet .Mnnl Cene... lle le 18e
luiin I'nlMl Mln
200 Canarte Cep . ,
.no cun- Cep MIn. .
20OH CerU Prev . . . ,
lnoe Certei silver ,
moo Ican Cene
2"0O nryden llld . ,
000O Kertuna . . .
7d00 OeM De-P . .
20uO Oeldfleld Flnr .
I3ne Till Tjp N .,
20i Independ I.cad
7OO0 Natl Tin . . . .
22000 Ne Sll Hern . .
in 1 fihle Ce-
1200 rtiy ll-rculee ..
lmiO Kej Cen . ..
2000 Richmond Cep .
2011U Sll-r Pick .
Kine Sp-arhea.1 fleld
1000 fliicciee MIn .
lf.ne Toiepan I'lvlde
S0O Tonecah MIn .
loiie Ti'elumnf .
3i.ne Vnltel Ka-t-rr.
1400 West Hnd Cen .
100,1 Whit. Cups
10f.ii T'trlnxten .
.100 TuXen Oeld . .
2S
as
14c
70C
10c
33c
nte
27e
le
8 3s
i
c
24e
8c
8e
4.1e
70c
33c"
A8
10c
8c
76c
r.eNns
10000 Alumlrun 7s. '2S.intS 10JS less
lO'O Armour t Ce 7i .104S 104S 104S
1000 Hth Sice' 7i '38 10JS I02S 103S
1000 Can Nit ny Ke. 7e I(HS lO'JS 100S
10(H) Cnl Graph fia ctf tl 30 80
8'ien Cens Textll 8 07S 07S 07S
4000 Ceppr Efp 8a. '23 10i 102S 101 S
lern) D-trelt Cy Qm fta 101 101 101
neon nureit Kdi t 1.102 icj 103
20iri0 DunUp T & R ,a.. OrtS 0)H D8S
.1000 Orn Aiphalt 8a . 10.1 103 101
lnne Merrta A Ce 7VJ 10S IOCS IMS
8000 N T NHH 7i. . 61S US 81H
inoeohio Power r.i 11. 00 S DOS DOS
soeo r-m Pew k Lt .la SIS bIS 88S
2000 P lft A Ce 7a 11 IA2S 102S 102S
1000 S-vtft U Ce Si '21. 01S PIS 01S
2000 L'n Rwy Ila 7S 101S 101S IMS
3000 Volvellne 7 101S 101S 101.
PORK10N IlONnS
8000 Kin of NMh Is 1(SS
3000 Mex Get 4e . . 31S
SIS
38S
80S
88 S
LONDON STOCK MARKET
lla Stead Dellar Description.
I Idle Kaffir Rccida
Inden, Dec. 20. Mexican Kngle Oil
ehare were ftrjn en the stock exchanee
I today en the announcement of the In
I terim dividend of H per cent. The ateck
sold at --V,. Other oil Is men were
I ateady. Ileyal Dutch was 33 Vi nn'J
."hell Trampert and Trndlnn 4.
Heme mill received support and were
' hard. Kcpiirclinse caused an Irn
i preiement in Amentinf rails. Dellar
di-'riptiens were idle around previous
levels. 0 tit -edged invttment Issues
' wer esisler but chances were slight.
French leans wire geed, but were
qutft.
i Hubbers were steady In nympathy
with the staple. Seme Industrials
were firm. Hudsen's Hay was 7 7-10.
I Kaffirs were inclined te recede, but
dc.illnsi were confined te professionals.
i The feling, enerally, was cheerful,
but Imslnws was of a pre-heliduy
character.
I LIVESTOCK QUOTATIONS
, Chlcanm. DW 2n IIOGS Itecelpli
' 23 000 head. Karly market iff 10c htaher
I ater dull bulk 140 te 200 pound averacm.
I 18 2308 SO- 210 te 270 pound buichera
mostly 18 2.1j 18 85. fop, 11 JO yackln
I rnwf, 17 10U7 81- deiirable piei 162
I heavy heei, IHinvnae medlmn. Id HO
i HO. llcht. 1S20O8 30 lltht llahti i 11
08 30, pae'dnr se smooth, I7.30O7 hJ,
packlnr n . reuih, 17 30S7 80, kllllni
I pirn. I18 21.
CATTLh ttecep- 10 O00 head Iteef
I lleeri steady te ISe hither tettir tradii
teef itera r-8ec(lnf advarc. Irllllnr qual
ity plain: earlv lop matured Merru, 111 1ft
I eme held hleher: bu'k beef stetre. I7.8i
! 0.23, ether kllllnv clanei steady te trout;
stockere and f-ederi llew, weak, bulk veal
calves te packers early, areunl n.30; few
upward '.e 19 73 and above nutiidirs hand
Plrklnx, upwird 110 00 and ftheve. bulk d.
slrable liolecna bu la. 14(14,23. bulk stock
era and feederi Sf) 4.7.1
BIIKKP lUce'pta, 14 000 head. Pat
lamls enln vry slew few sales made
, leeks eleaey te w-ak, early top 113 te city
butcherei 114.78 te paekers rtve decks 84-
I pound clipped Iambi, 112 sheep and feederi
around eteidy, llft.peund fat enres, $7 40
come-back 00-pound feeding lambs, t)14 .'3
feeding- ee it .'. MS 30, averajrlns 60
pounds and 03 pounds.
PlttabUfib, Dec 20 HOGS Receipts.
SOOO bead Hleher II-nvlei, 8.40(r8 30:
heavy yerkers. IKht vurkere and pits, ID 10
SHBKP AND LAM11S Receipts 800 head.
Hieany nn-v, t" pu; ininDl 91.,23,
i;Auvuff iec.)vis juu niac
Tep, $12.
flteady
KMt nnfTala. D-c 20, CATTLK Re.
relpte, ftSO held Gleady (,'alvei, receipts
I0O head. 8teady, .Iff 13 SO
HO(18 Recelpti 24W head: 28 cents
hither Heavy, I4 00Q1, erkers, laflO le
piss 10 23, reuihl, 7,S0j itaai. 14 50
lllir.RP AND I.AMIIH Receipt., IJOO
head n Slew, Tearllnara II lower; yearllnts,
BAR SILVER
Rnr silver was Sd hither In Londen at
80 Sd.
riNANriAi,
. S!U!!MetlB4jB
jsa, ceM-MriiA Avr.Nir f5"i'8T ri.
nreeU ami C(tmMa Avenue
Pt(lldephla, Pec, 7. ion.
At retiJlar meetlnt of the Heard of bl bl
rrctere. held this date, a eiml. annual divi
dend of Pr.rB vea declared, payable
.lr.nti.rir u,"?o,4,,0et,02'heii rf"rS
December W, I0M, ,C?K will be malle.
WILUAit A. CARL1LE.
i, Treasurer.
Since Date of lnue
Hlih
10X 20
102.70
101.48
11.30
10 0
10O V,
142.0
101. 7S
101,40
mi. en
IdO M
Inl.On
Oct. lt.'23
Ort. 1.'32
July 2S.'23
July 24 i
-"w nate
5JVOO June 3.'2I
;.n July
f-1.00 May
1B,0 May
II, '21
.'
lP.'W
'.O
2120
J20
2120
8020
202H
2321)
2020
1920
20.' 20
2020
30 10
3120
iuiy
uly
July
July
July
July
July
July
2V2I
I4.'23
91.40
fit. 60
May
May
June
May
&Y
Muy
Dee.
IM
aa.'sJ
w. 'W
I, "n
2123
20 "il
2it "XI
J7.'22
2n.'22
1022
3.'22
S4.0O
84.00
HI,
.10
8. fin
83 (10
82 40
10O.RI1 July
May
Ht,
ini, 02
100, OS
104.W
July
82,44 Mar
July
May
April
"3.00 May
04.70 May
04.41 May
ISALKfl IN 11000
rORKlON BONDS
Anten Jereme1
V Mart IV Aa
8JH
10 90S
i 72;
4 72S
2 03H
t(sale) 03
Quen.land s
2 88
UAiale) 08
l.... uis
Arte nepc Ta
Pram'n Indus
Republic Pell-
.... 100 S4
10.... 100S
3.... 100K
4.... 100H
Dev IS a rets
2 COS
3 90S
1 DOS
love t frenca
7St rets
044
0 BtH
A 04S
8 04 S
llKsale) 94 S
1 04S
1 04 S
0 04S
1 MS
1 04 S
via j
B 03 S
S 08
2 03H
R Chile rt 7s
t OSS
City Derne 8a
1 111U
City Oerd'x 8t
1 T8S
1 78S
R Chile 8a '28
8.... 10IS
II Chile ta '46
78S
(Viele) 78 S
(fla) 73S
1.... 1)2.
7(sale) I03S
R Cuba Re '64
city or Copen.
htren 8Se
1 80S
City Greater
Prane ma
10 T4H
11 74k
1 06
Rep'c of HaJII
e wl
3 COS
Oevs't Prencb
IHeale) 06S
8 00S
II 06U
Swtrd Cen 8a
8.... 118
Republle
1 PSS
1 OSS
1 OSS
10 T4V
u 1 74
Cty Rie de Ja-
Itettarxf.Ara'n
L' K Ort Ilrlt
n.ne 15a '4T
8 OflS
Line C
1 88
K I'elgium e
2 08
K Belsm TS
.1.... 101S
&.... I01S
1.... 1011.
8..,. 10IS
A 1 BSs '20
80.... 1I3S
7.... 113S
B.... 112S
0,... 112S
l.... ins
Cty 0 rauleaa
1 S3
City ef Sel
lV!l 8s
3 78
1. ... 73
8 78
U K Cirt Ilrlt
I BHa '37
1.... 104S
0.... 104 S
Dept Seine 7
K Pelttam 8s
1 $r.
8 80S
1.... 100S
1.... 100S
4.... 100 U
.... 104S
U S llraill 7s
De C-n 8a 'M
1 86S
10 80S
1 OSS
1 ru eps
Klntdem Den
mar ct Aa
Un'd S Dratll
7Ss rets
8 00 S
1 06
7(sale) 00
1 (fla) 06S
T (fla) 04 S
7(emle) PUS
8 08S
B 8S
1 ens
1 06
1..... 06
0 00s
1 PD,
D Can BS a'29
3.... 101 S
1 08S
8 PSS
13 08S
2 01
K or Nether
B.. . 101S
fMcale) 101S
lands 6s vet
1.... tots
4 07S
n 07S
3 0?S
3 03
11 03
14 03
De Can Si '81
0 09S
De Can 8a Ml
3 01
0 .... 00
1... . PS
1 OPS
20 01
I'n'd S Rratll
10 PI
11 04
Lartr 7Se
8 0.1S
0 OBS
B DBS
10 ... en
D Rep'c SSl
Kingdom Ner
4 81S
Hrt
way 6 wl
.1 80S
4 DOS
l env
U S llraall 8a
Dutch F. Ind'e
J OSS
ct Ce -4T
1.. . 02S
1 01
8 02S
1. . P2S
1 ... 08S
1 .... 9".'i
Dutch i: Ind'a
1 OSS
3 8S
1 08
Ttmle) 08
1 OSS
Klntden Ner
way ct 8a
1.... HI
r: U-bs Croats
A Ulevnes Sr
1 72
3 TIH
V rl Mexico 4s
11 81)
U H Msxlre 8i
ct Si '(3
K Bweden fla
B .ins
20.
4.
10
s.
02S
1.... 104
Un'd fl Mexico
01
.1)3
2
Parle-t.yeas Ml Lartv Os
Rall'y 6e I l. ... 30
1 73 ,..
DOHRATTC BONDS
D fl Oerera't
4Ss reU
10 02
10 03
Crown Cerk A
Seal 6a
1 02S
12 ... r.O 80
Ctl Leather 8a
7.. .00 8
3 OSS
Cuban A fl 8
3 08 78
3 00.80
: .... oe se
10 IK) 80
84 00.80
1 ... 00 84
20 ... 00 84
Csre r.e Paa'e
1.... 107
1.... 107
Cep- Ba
4 133
I 136
Cuban Caee S
Si stk'd
1 02
Mba R R Ba
.1 81
C'a O (1 Si
1 07
C A Ohie 4St
1 80
D A R 0 fd 51
AJas Rub'r Si
1 00 S
American Air
Chen 7Se
1.... 12
1 .. . 86S
:40cr(Hi
1 88
1 46
Det VMl 3 '41
13 08
B 03
Det I'M Ce 6s
1 10SS
Dlem'd Match
Ce 7 a
1... 107
Dla Securities
ct .'4
1 47S
e A O ev &
0 04
llaale) 101
8.... lO.'S
2 ... 12
l n
1 04
.1 .... HIS
Amer emeu A
litre it
3 03
American Sua
RefSt I
3. . 103
B. . 102S
S. .. 102S
0 A O Rlc A
A Dlv A
4 81S
Chi A AK'n 3
1. .. R1S
10 ... .18
1.. .. Bl4
'hlcana n A
Q II SSe
D de Nemours
Pwdr 7s
2.... 107S
1 107S
)u Light 6s
1 10SS
1.... 108
Am Tel & Te
ell 4s
3 81
hi II A Q f..
I... 190
1.. . PIS
9 OIS
O(rale) 91S
Eastcrrn Cuba
hlcpee A K'i
Ills Bs '31
2 80
1 10
II I A Le 4
Sugar 7Se
A 07
A Tel A Tel 4,
3..
3..
1..
i
si
1.
1..
1
05
Empire Qta A
Puel 7 a
2 .. . 03
0 03
t . . . . OSS
01S
OSS
OSS
DOS
3 .... 83
liete A .,
VesVn 4 s
1 ... 31
-hlcagn Mil t
3t P gen 4s
3 71
2 ..71
'hfent Mil I
31 P 4 '38
H8S
PBS
08
Erie Qenl Lien
1
48S
0 43
..., 43S
:rle A Jer Si
1 00
Armour 4s
1 . . . 80S
Atrh TiSft
adj e
Erie RR cv A
A . 83
1. . 82
Atch Tep ka A
Mlealel 42S
1.. .. 4IS
14 43S
14.. .. 42
3 76
4 76
7 7S
'hlcae Mil A
It P 4a '34
S l' 4
1. IPS
1 (rt) S7S
itrle HllcvD
1... . 43
1 . 42V.
IS . 43
Atch T ft S I"e
cv 4s '01
1 . 92
Ateh T A S r
cv 4s 'OP
:. 82
All C Line 4i
3 S3
8 87
1. ... 31
1 ... 33
14 33
10 B4S
1. ... 43
ErieRiic4i
l 80
Krie R let en
Chicago Mil A
JttP cv 4.
J 03
.... 68S
10 ,, , 6SS
7, . . 1S
All Prult sti
1.... 106S
1.... 1M
1..,. 106
6 lit
Atl'e lte."s Be
Chlcacn MM A
Rt p fd 4e
.1 ... 67 S
3 . 02
Ka&l) KOS
fan 1a J A il
te.. .. ASS
4e
1 7S
3 (resj) PS
8 POS
1 . PP
Chicago Mil A
St P cv As
Qen Klec as
1 .. 03
1 .... 6BS
1 . 79
I. .. 09S
klsrie'l Klec es
Call A Oh!
1. . . 70S
7. 70S
n a te cv 4
4 fl.1a
1.. . 101
8 n.-,
lOene'l K!e es
Chtmce A Nth
i mis
1 . 103
We 2e
I . . 76 h
l . us
4 80S
I 10
Ooedrlc1) U P
hloae Nth'n
6Ss rUi
3.. . 101
1 101S
8e of f87
I.. . 103
Rait A Ohie .Is
1 81S
4 MS
13.. 88
rhlcage Hall-
ware Ba
3... . 78
2,, .. 71
-hi Red: 1
Pac fd
.1. ... 8t
3 S2
2 .... 88
0 83
"hi Reck I a
Pac gen U
1 SIS
lilgage A Wr
Indiana 4s
8 74
2 . . . . 7.1
Ocrtdenr T A
Rub r '21
8 09
1 08
1 .. 08
8 . 88S
IS 3
Rait A Ohie ft,
1 . 1O0S
i(sale) 100
Joedyear T A
Rubr '41
8 I14S
1 . 100
4... 10US
1.
1
3.
1.
114
114
114
114
R A O P I. I.
A IV Vn 4-
1 .... 71
1 77S
4..
114
Rait A Ohie I
Wett'n 3S
3r'd Trv.nk of
I Can Hi rets
1 ... 01
1 01S
1.. 103
7(aale) n
KAatl 104
StrUtl 104
8 ... 104S
Ir'd Trunk of
Canada 7s
10 113
7sale) 112
'Jrsy A Davis
Ine 7s
3 . . 07
C N T 4S'fle
Pell Telephun.
of Pa 7s
A . 10OS
Chile Cep'r Oe
6 IMS
3
06
Petri Hill 1st
II..
20,.
06
00
06
n
06
06
1 . 08
I) ateels fd Oe
8. 04 S
RntbW m Steel
1.
1
3s of '86
1 .. 02
IChlle Cep'r 7e
Reth fileel 6s
1 .. OtS
8.... HAS
3.,.. 114
10. .. 114
10. .. 114
10.... 114
10 . 114
Great Nerth'n
1 PIS
Jtall-y in
i. . 00
l . 00
1 . 00
I . . PSS
Drier 11 fliesl
Ce BSe wl
21 P4S
G... . 04S
ii .... ets
1 . OB
10 04S
Clev Cln Chi 4
Oieat Nerlh'n
St L nn 4s
A 80S
Rall'y ftSs
1 ... U2
1 . 102S
Clev Cln Ch' A
St Le 4Ss
1 00
Oreat Nerth'n
Ilkn Kdt D 7a
Rail' 7s
1 . . 110
1 . 110
5 ... 110
B 1)0
1. 1 0
.. . 103
(.'I'd Cm Chi A
St I-euli Oi
Ilueh Terminal
2.... 101
II Bs
1 . , 01
0 OD
3.. . 101
Ctetel'd Union
llerebey Che
Term' I A Si
1.... I08S
celate Ce 6s
3 OSS
1.. 071,
3 . . 07
1 , 07
Duffsls Rech'r
A Pitts 4 i
B. . 02
Cel Indus' I Bs
4 . 77 S
Callt'a Oat A
Cole A O'n ft
Klcj Ba
1 02
4..,., 06S
1.. .. 80S
Canad n N It
Cem Cable 4e
I,. .. 07
Iludrtn A Man
3. ... 74
Commenwea'h
In a) Ba
T 61
a,. ., eis
8 ... CIS
1 01
1.,, I2S
rower is
2,.,., 87
I h8
Can'tn Put 4
1 (fla 7S
1 70S
1 83
Care-a ciliich-ICenauin't Pivr
Hudsen A Wan
Held A O Be ctfs Ba
fd Bs
0 93tt S Va
XI....
V
nam
Date
NEW YORK BOND TRANSACTIONS
U9EIITY BONDS AND VICTORY NOTES
Ilance. '21
llllh
Lew
time
101 02
04,84
04.83
B3.T0
07,80
01.5ft
03 BO
oi.eo
08.(10
03.88
04,63
08.81
08.74
04.72
05. M
03.70
109,02
00,84
I.IOrty aa. 1032-4T
101.70
101.08
l.lheriv
mj a. r
rainirtrA.
Liberty let cv
4e, 10.12-47..
101.30
100,80
100 84
102.04)
101.78
101.40
lnl.00
100.80
101.00
10(1.80
101.88
11.2
100 Ol
100,00
!Uftt- 1t ev 4i, rfflattred.
i.meriy an ea, 127.42
Liberty 2,1 4a. rnllcr-.1 ....,,
I.berty let 2J cv4Se. 10J2.47
l.berty lit cv $i, 1032-J7..
I.berty lit ey 4Sa, realaterefl
!!'!' j!? er A" W27-42.,
I. berty 3.1 cv 4H e. reglitere d
Liberty 8.1 4k, 1H28... .,
Liberty 3d 4Se. reclaternl
Liberty 4th 4j4a. 1083-88..
JJberty 4h 4a rjauured
lemry 4 J, a, 10S3.3S
Vlcleir 4Sa. reilntered
B SIS
1 84S
1 84S
Kings County
1 8
3 87
1...... 80S
Klevate.1 4a
9 76
Mumble Oil A
1jiIi Shere Jl
Me Pacific r,a
Ileftf BHs
1 03
S'n 4a '23
1 OSS
1 OSS
10 04S
Ilia Cen 4s 'S3
1 04S
Ment'a Twr Bs
1 BIS
Ixtrlllard C 3s
1 PIS
33 07S
Ills Cen'l BHs
10 OSS
10.... 101S
.... mis
1.... 101
1.... 101 S
1.... 101S
I. A J lids e
Mutual Fuel
0 83
Oae Ce Ba
B 04S
tauls A Nash
Mena 4a
1 80S
Nil n n Ce of
Mexico 4a '61
Apr Cepn oft
8 22S
Ilia c St L A
L A N W Bs
N Or Jl II Bs
. 1 00V4
Jnterbore Met
1 7T
Mnnnlt Sugar
Vew Kntd Tel
Cerap'y 7Ss
4 03
cemp-r a
1 0S
3 OSS
1 OSS
fl 4 Si tt'd
A.
10S
Market Street
II..
10..
10..
10..
20..
10..
IS..
ieh
10S
IOH
ins
10S
Illy 1st Bs
t 03
1 03
3 02
New Or Tex a
Mexico U
1.... 100S
1.... 100S
M Oit wa'd 81
ies
1..,. 112S
1.... 112S
Mex Petr'm 8s
N Tk Oil as a
10K
1 77
Interohre Rap
N r Cent'l 4s
1 02
Tran fd Be
78
8 73S
18 72S
4 72K
1.... 10SS
Mldvale Mteel
N Y Ctl en 4a
10 81T4
A Ord'c Be
0 88S
1 88S
in 88S
t sis
N T Cent'l Ba
C 07 S
4(sale) 87 S
Interohre Rap
Tran 7a wl
in 01
1 P4H
t.
07 H
Mll'kee One 4s
3..
0..
3..
1..
07S
97S
07H
07S
074
B 03
Inter" I Cement
M K A Tex s
Crp n 8e
a.... ions
Intf I A Oreat
N'n aj 6a wl
18... . 40
S 49
3. ... 4DS
2 40S
I M Marine 6s
1 00
1 00
Int'l Pap b Ee
4 37S
8 87
1 67S
4 87S
1 80
M Kan A Tef
aj Be wl
1 80S
3 00
1 60
B COS
N Y Cent'l fls
3.... 1C8S
3.... 103S
4.... 108S
0.... 103S
2.... 14
M Kan A Tex
Ba A wl
1 81H
N Yli Csntre.1
L 8 8S
1 74S
M Kan A Tex
4s n wl
1 83S
1 63
N Yerk Edl'n
Ss rcte
3.... 110H
1.... 110S
1 OOU
M Kan A Tex
Ol C wl
1 06S
Iowa Cent'l 4i
N Tit L'ttit It
1 ,17H
Kelly Sprlnx'd
Tire 8a
1.... 107T1
Me Pacific 4a
A Pvr Ba
3 I2S
S 62S
8 82H
Nev TNIlt
II 4a 'Gfl
1 81
Ms Pac r.a '63
1 87
News for Investors
The averaire price e( the twenty
active indurtrlals advanced 0.R9 per
cent yesterday te 08.23, while the
twenty rails advanced 0.23 per cent te
83.08.
The nrltish-American Tobacco Com
pany, IJielteil, for year ended Septem
ber 30. reports net profit 4,400,783
after all charges and Income tax, etc.,
nealnRt 4.32.'). 1S1 the previous year.
A special dividend of 20 per cent, in
addition te a 0 per cent dividend en
mv quarterly unbis. vvna Qrciurcu uv me
Lancaster (Pa.) Trust Company. This
makes a total of 44 per cent paid this
year.
Payment of the final dividend of 0
per cent, free of tat, of the British
American Tobacco Company, payable
January 38, has been recommended
and also nn Interim dividend of 4 per
cent en account of 1022-23.
The Palestine (leiernment hna ar
ranged for a lean of 2,500,000, floated
In Londen. Pending conclusion of nr nr
rangemente for the lean, the Crnwn
agent in England adianced consider
able sums, se that half the lean already
has been spent.
The National City Company is offer
ing an Issue of $1,000,000 general and
refunding mortgage 0 ter cent bends.
.Series A, of the Northern Ohie Traction
and Light Cemp-tny, due in 1017, at a
price of 04 and accrued Interest, te
yield 0 Per cent,
The New Yerk Stock Exchange
prints the following notice; "Informa
tion having been received that Hams
dall Corporation sinking fund converti
ble 8 per cent bends, merles A and 11,
due 1031, r.re en en absolute parity in
everv renDect. the committee en oteck
list directs that mere De eui one can
for said bends."
Receivers of the Chicago. Peoria and
St. LeuIb Railroad asked permission
from the Interstate Commerce Commis
sion today te abandon that line in lti
entirety. Operations for several years
lime been at a heavy less, the applica
tion said, and the read Is unable te pay
$120,000 In taxes nueised against It
by the State of Illinois.
A syndicate composed of W. A. Har
riman A Ce., Inc.. nnd F. S. Most-ley
Ce. Is nfierlng at 1W1? ana
accrued Interest, te yield mere than
7,'J3 per eent, a new issue of Sl.fiOO.OOO
. n J" Mcrrltt-Chapman & .Scott Corporation
ruk Rubr t.jtf,n.vear 7 per eent convertible sink-
S" re. S l . j H,..- nJu ., nmtitpe
IJ1C Ulliu licucniurr whui w ..
In January of 1033.
Bend dealers have been buying
throughout the list for some time In
esnectatlen of better things after the
first of the year. Buying has been
especially heavy In rails, which custom
arily lead the march, and In high-grade
public utilities, which, besides experi
encing a growing demand from indi
vidual investors, have become extremely
popular with Institution".
During the three months ended Hep
tember 30, the GIbsh I railroad of
the country carried a grand total of
14,017,.108 carloads of revenue freight.
Of this amount, 2,2(12.178 carloads were
products of agriculture; 8117,143 were
animals and their products; 4,044. ISO
products of inlnei; l..r07,71O products
of fnret nnd 4,010,387 manufactures
and miscellaneous.
Heperts received b the Treasury In
dicate that out of $700,000,000 of Vic
tory Notes celled for redemption last
Friday, which were outstanding at the
hi,frintnff nf the month. leSS thai!
$300,000,000 have been presented for
rmlamntlnn te rlnte. Interest en all
called Victory Notes, which bear dis
tinguishing letters A. H. C, I). R or
F prefixed te their serial numbers,
stepped Friday.
W. C. Durr.nt announced that another
offering t.f Fisher Bedy Corporation
common Bteck units was released ye?
lerday through the Durant Corporation.
Tills is the thtrd offering of this so
ciety In sixty days. The first was
made at $32 per unit, equivalent te
SltiO per ulisre; the second at $35 per
unit, or .$173 per uhare. The present
offering Is at S10 per unit, equivalent te
$200 per whare.
Organliatlen of a $20,000,000 corpor
ation known as the Columbia Steel Cor Cer Cor
rwiratlen te nonselldatc plants of thf
Columbia Steel Company in Pittsburgh.
California rnd Portland, Or., nr.d
I'tah Ceal and Coke Ceiupan of Utah,
was announced Iry Wlgjilngten fc.
Creed, president nf (he corporation, at
San Francisce. The plsn of the com
pany Is te process steel en the P0.'
Coast te sine water and rail tariffs
from the? Kast. . .
The third of the scrle.s of the ber.rt
which have been offered te Aid In NfW
JerseyN share of the New Yerk and
New Jersey Vehicular Tunnel was pur
chased anil ir.seM te InAraters yester
day by Dillen. Head & Ce, The Issue
was S2 000,000 and they are 4Ve( Iur
III thirty years, with n optional d"'0
of IMS, They were jiurchased by tlis
bankers en their propenal of 102.007
ar.d resold at 103. The betxjs art da)ed
January 1, 1023. l
Net
tAat Chge.
100.88
Itlth
100.88
Lew
100.4S
eV.02
Oe'.SO
0$ 00
0800
loon.
6880
98. i 6
08 88
08 48
lei.'is
tVsls.
K46
eVsi
08.86
en. se
lOO'ai
New T N H A
Rep'e Iren A
Steel Ss
1 04
Rte O A W 4l
8 Perte n Sua
rets '
Itarl'd 6
16..
4..
1..
..
1..
8..
2..
14..
A..
72
71H
8 00
1.... 100
7tS
1 78
71
71
7IH
71 S
71
71H
Reck ll'd A A
8n Railway 4s
1 68
3 08
1 68
1 88
Leul'a. 4 a
1 80
8 80S
4 80S
flt L I'n Mt A
8n Railway Ba
C.
71
fl Rly 4a
1 87
T 87
10 87.
30 68
4 06
i ces
3 07
1 07
New Yerk O A
Weal'n 4s
1 U
N Yk Tst 4 Si
0 OSS
3 03S
New Yerk Tel
0 of '41
Sn nall'y Btta
SI L I'n Mt A
a.... iei
1.... 101
3.... 101
1.... 101
S'n Rly Bs
3 08
StL A fl Fran
4.
4.
103S
MBS
edj Os
3 70
Stand'd Oil et
Calif 7l
8.... 108
1.... 100
1.
t.
less
1 78
13 78
8 70S
I08S
1.
iecs
Third A ref 4a
N Yk IV C A
StL A 8 Fran
8 80
Ileet 4e
B 45
2 4Ai
In 6s
ft 00
8..
fl,.
14..
1..
10..
A..
1..
3.1..
16..
2..
88 S
inira a m nn
BBS
1 B8U
B 86
3 43
ASS
N A Edl'n Ce
B8
B3
88
Tidewater Oil
C rets
1 D3S
0.1
8 04
KeMe) P.1
1 03
4 03
1 0.1
1 03
1 03
4 01
Ref'c 04s
1.... 103
1.... IOS
B8
OSS
Tel Edisen 7s
88
BRS
1.... 100
1.... 106
St I. A 8 t-ran
Teledo Trac
Serlea A 4a
1 70
tien Ce As
2 08
St L A fl Pran
Trl-Clly Rly A
flerles B Be
4 81
Light En
1.... 100
N Pacific R 3e
2 ets
1 62
.It IiiH Fran
Union P cv 4a
Series C 8s
1.... 100
1 00
3 03
S S3
M Paclfle R 4s
10 8.1
Heals) 8.1 S
8 86
8 8SS
N Pad Ac R Aa
8 00S
N Pacific R 6
.... less
3..,. 10SS
SO.... 101S
1.... 108
Nth 6 Pvvr 3s
1 02
Nerm Vet'n
nll Tel 7a
4.... 108
Union Tank-C
BtL flwn ev 4s
Cerns' r 7s
1.... 108
3 77
10 77
Unt'd Drug 8s
St L flew'n Be
0.... 112
1 Rt
1 P0
1 81
1 SI
Unt'd Purl A
Cat Be
1 08
U S Rub'r 8a
dan Antonie A
1 S8H
A P Rly 4s
10 74S
V B Rub 7 a
1.... 103
1.... 103 V.
8 Air L fd 4s
: ftes
3 f,Vl
United fltutea
Steel Be
4.... 108
2.... 103
1.... 103
2.... 103
SeabM A Line
Ore A Calif Bs
tta'd s
2 B3S
10 00
Oregon S L 4s
8 R A L aj As
86 02
80
Utsh Tower A
Oregon B Line
Light ,11
1 01
guard Ba
1.... 102;
Oils flteel 7s
rcta
1 04
1 93S
Pacific One A
Klec Ba
S 02V6
3 02
A.
21
31
31
A...
B...
2...
Va.C Ch ct 7e
2 06
8 00
21
Srab'd A I. 6s
Va-C cbem ev
4.
r.s
7Se war'd
1 01S
1..
1..
e
a'.'.
l..
38
01
Va P.wy Ce "a
ns
81 ;
A8
AO
8 07
A 07
2 07
7(sule) 07
r'
r(
Pae T A T Bs
4 07
8..
'aelflc Tel &
Sinclair C OH
West'n Md 4
Tel fd Ba
3 01
Pan-A Petr'm
A TCeh
3.... 102
Brn 4s
2 02
1 02
Prnna R f.Si
1.... 110
3.... 110
!.... 110
Cerp 7 rets
1 03
a.,
n..
l..
100
100
V? Pac 1st Ss
2 fOS
lnn
100
100
100
ioe
1 80
1 SOW
R..
l..
l..
4..
..
w Pa Pwr fls
1.... 161
W Union 4S
1 01
1(10
fllnclalr Crude
W Union OSs
O P Ce Si
2 08
10 U8
i.... net;
1.... no
&.... 100
Penna R R 7s
1.. ..110
1.... 110
Pee flea Light
A Ceal Bs
21 01
3 02
Pitt Cln Chi
fitL a 4S
1 07
Producers 6 R
war'd Sa
4.... 124
Item Anna 6a
1..... 03
10 01
10 OS
Sinclair Pipe
Line Ce A.
2 80
1 88
Sn Dill Tel 3s
1 06
Westlnghi'e K
A Mfg 7s
I.... 107
10.... 107
7(eale) 107
Wilsen Cem
pany 1st 6s
C... 101
Sn Pae cel 4i
Wilsen Cem-
1 81
pan'y 7s
1-... 104
l(sale) 102
Sn Pae cv 4i
1 02
10 02
Wlscen Ct'l 4s
1
e
Th eDa ily Novelette
The Lest Christmas Tree
By Jan Oibern
Afi TOM WADE took his place out
side the gate for track three, where
his surburban leenl was made up, he
noticed a very nrettv cirl In the crowd
an cad ei Mm. That is, he Imagined '
that she was pretty, though he bed net '
had A ellinnie of her fncn. flhp tvns
heavily laden with a number of bundles, t
little and big, which were entirely ap
propriate, os It was Christmas ce.
Then, as the gate opened and the
crowd pushed its way nearer the en
trance, one or the smaller of her pack
ages slipped from her arm.
Tem steeped qtilcftry and picked It '
up. He might have returned It quick
ly, and have made an end of the mat- I
tcr. Instead, he carried the little white
package, and followed the prettv
yeunrr woman along the platform until i
she alighted. He bearded the wimp
train, and waiting until bhe nail taken
her seat, he nppreaehed. t
Bowing and doffing his cap, he pre- '
aented her with the lest package, and
had an opportunity te observe that her
face was ns nrettv as he had antici
pated. Meantime he had permitted i
crowding commuters te take poifiessrien
of all the window seats. As he lingered ,
lur n uiuuiL-ui mirr wic ircuy juunx i
woman had thanked him, ehe noticed
the dearth or wats, gathered tier nu
merous little bundles toward her, and
said :
"If you winl), here le a peat. The
trains are se crowded en Christmas
eve."
Tem did net take advnntage of his
position, but when the young woman
beside him rose te get out at Mill
brook, the station just cltywnrd of his
own, she bowed In a friendly manner
and he arose te make way for her, She
had just reached the deer of the car
and was en the verge of alighting when
Tem noticed that a small package,
net the one she bad dropped before, re
mained in the rest she bad just vacated.
Selling It he rose and followed her.
As he was about te thrust the little
package at her, she alighted from the
train, turned her hack, and was hurry.
Receivers Sale at Public Auction
VALUABLE LEATHER PLANT
AND COMPLETE EQUIPMENT
Snie te be held en the premises, corner of Vnndernoel Street nnd
Avenue C, Newark, New Jersey, en ThurFtlny, December 21, 1022, at
2 o'clock in the afternoon of Bald day. ruin or shine.
The property consists of eight billdlnus facing the main frcij-lit
line of the Pennsylvania Rnllread nnd the Lehigh Valley Rnllrtmd
from which a spur extends te the main building of the pinnt. '
There is also a Valuable Artesian Well upon (he property
providing a ceaaeiess flew of pure water
The plant le fullr equipped with
finishing leather,
The DrntMirtv will he enld free and
.. " .-: - - --.."- .r "" '4 .i
saie inane Known at tne inn.
Kiue prims or property ana
therein, teceiher wltii ether
furnished upon uppllcMlrn.
Patrick J. Doten. Receiver of E, IL McCeruiIck & 8e,w, inc
Michael J. Tansey, Solicitor of Receiver
184 Market Strata), Xewark, Nsw Jersey Phcne Market etM
T
Ing off. Tem called, but she did net
hear, the train wns making way te re
sume Its trip. Tem stepped off and
hurried toward her, but by the time he
had caught tip" with her nnd bestowed
the package en h,er the train wns well
tinder way. He ran toward lt, and
would have bearded it In motion had it
net been for the sharp cry from the
pretty young woman standing nearby.
"Please don't," she begged, "ion
might get hurt or something. It's very
dangerous."
Tem Wade let the train go. Then
he turned with A reproving, amused
glance at the young woman Who had
detained him.
"I'm sorry," she said contritely. ''It
wna niv fnnlt thnr vnti nilRsed It. but
If you had fallen or hurt yourself I d
always have blamed myself. And new
ieti'11 have te wait n half hour for
another train."
Tem wnde assured her that it made
no difference. And that was an un
truth, for his Bister at home had left
mnny last-minute Christmas prepara
tions for him te attend te. He was
vaguely remlnsccnt of this, but he was
mere alert te the fact thnt Fate bad
played him a rather kind turn te leave
him atandlng here at the stntlen in
Allllbroek with the prettiest young
woman he had ever seen.
I feel as If I ought te de something
te help you home," 8ald the girl. "But
both of our cars arc celebrating the
holidays by bclna in the shop for re
pairs. I'd Insist en sending you en
te Glenville If I could and the station
taxis are all out."
Tem Insisted that he was perfectly
content te wait for the next train and
steed bowing as she started walking
off toward her home, mere than a lit
tle disannelnted because she had net
asked him for his name or suggested
that he call en her some time. It
would have been an appropriate re
ward, he thought, for the pains he hnd
been te te nick ud her nacknges.
The train was delayed and Tem Wade
was three-quarters of an hour late in
reaching Glenville. He had just time
te reach home befere the dinner hour.
"Did you get a geed tree?" de.
mnnded hia married sister Susan, with
whom he was making his temporary
home. Tem's face registered Mirprise
and contrition.
"I forget all nbettt it. I remember I
was going te step in the village en the
way home. But I'll go as coon aa we
get through dinner."
Susan looked reproof. "I hope it
won't be tee late. They were going te
held one at Smith's for you te call for
it with the car. But I told them you'd
be there by 4. Yeu can't get back
until 7 new. And the children simply
miiht hove a tree. I've everything te
decorate it with. Tie wanted te start
trimming aa seen os we were through
dinner."
Tem made short shrift of dinner nnd
then started te the Hinge In the fam
ily cer. There were no trees left ut
Smith's. They had held one until 5
for Mrs. Jenes, but had had te well It.
Other i,hops in (Jlenville reported the
same denrth of ChrUtmas trees. There
seezncf' net te be nn available Christ
mas tree in Glenville. Tem thought
desperately nnd then telephoned his
sister. "I mny be a little late," he
said, "but depend upon it, I'll bring
home n tree."
Then Tem went te the hardware
store ; nil the stores in Glenville were
open till 11 en Christmas eve. There
he bought a sizable ax and an elec
tric flashlight. With these he get in
to his enr and started out country
ward. It didn't much matter which
way he went, he thought, but once en
the highway he took the direction
where the trees ami tlinclnu-.q seamed
the thickest.
He went for about seven miles-, driv-
ing slowly nnd peering out en both sides
.of the rnnd nn lin n.nl. 11. h.mdin.1
,n .(rctrh nf rnnH ecntnlH- Int.Alv fir.
one side was n high bluff, en the ether n
stretch of laud apparently deeply .set
with Mnall trees. Tem parked his car
at the side of the read, tna.de Miert
shrift of n barbed wire fence and found
himself by the aid of the flashlight in
n greve of jeung conifers. As far os
Tem went he did net knew one tree
from the 'ether. They were all ever
greens te him.
Finally he singled out ft vigorous
young pine, about 200 feet in from the
read. It was about 10 feet high, with
a straight, stout trunk. Tem hn.l
never chopped down n tree before, but
inc tasu Old net prove beyond hlj
i strength. The trying part of. the pro
ceedings was thnt each blew of the
i ax seemed te set the weeds ringing
with echoes. Tem felt distinctly like
(ii thief, but ha hail welched the matter
, thoreuifhlv in his mind dnd I. nil ,ln.
elded that It was better ee ee n. petty
thief en Christinas eve than te permit
three eager yeuna children te bu dis
appointed. He would have remembered
the tree, he assured himself, had it net
R. A. M. & Ce.-
Georgia
Ry. & Power Ce.
1st and 2d Preferred
and Common Stocks
An active trndtna
position maintained.
Reed A. Morgan & Ce.
Vest Hnd Tru-it Btdg., rhlla.
Members ft the Pblls. Stock L'lrh.
Telephone 8pruea 2131
SAFETY IN
MORTGAGES
Twenty years of active association with
central resl mtate has given lie n
bresdtli of niperleme that apeaki for
afety and that can be of great bene (It
tn veu.
We would he pleated tn coeiult with
you xi te the nlie Investment nf your
tnertracr funds without eblUatlng seu
In the ImM. '
J. CUTLER PULLER
14 60 18TH STREET
Steckweli
Wilsen &
Linvill
CERTIFIED PUBLIC
ACCOUNTANTS
Lu4 Title Bldi.,PbiIa,
HORACE P. GRIFFITH & CO.
Certified Public Accountant
rl.NA.MK 1IUII.UI.NO, riilUdelublat
Herace P. fjrlfflth C. P. A.
Wlllanl a, UluiW. U. P. A.
Wm. lwla Medea. C, P. A.
maihlr.rry for manufacturing, tannin, .,
. " " '
a rise ana cier or all Incumbrances rondlllens of
i of" sals. Offers te purfha.e at Prlvnle sale Inllird
list of rnacliliier). un.l pcrennnl property ieni.in.1
InferMialjen. In connection wild th, property ' "?,,
elenr' of .11 lniiini(.n.
aw' .: ". -.'-- .-.,..,
Kr h'i-iM
been for the pretty girl who dropped
her bundles, and certainly he bad only
acted with courtesy in doing what he
had done for her.
He suddenly stepped short In his
ehepninfli There were heavy footfalls
beside Mm and then a voluminous
voice crying: "Step thief I Let that
tree alone or I'll sheet."
Tem dropped his nx and obediently
rained his arms in attitude of surrender.
Then he felt the bright light of an
electric flash en him, blinked and said
something about net knowing that the
iree belonged te any one In particular.
"Fine excuse," replied n heavy
voiced young man, collaring his thief
nnd marching him back through' ,the
grove of trees. Tem protested that his
car. was parked in the highway, that
he was getting me tree te spare little
children from .disappointment.
"We've had enough of this," said
the young man importantly. ''We're
going te make nn example of you."
Tem felt n sort of martyr-like resigna
tion and walked along.
Tem was given quarters In a wood
shed of what seemed te be a large and
recently remodeled house, The young
MsMSls7Assesssgas
If esssssBSBSBslrar ai
il il
I LOUIS T, KLAUOER T
I CONSl- ;a NaiNBER '
I PENNSYLVANIA aji'.-.DINO. PHILADELPHIA I"
; POWER A INDUSTRIAL PLANTS V
Lv DE3I0N APPRAISAL I'
I CONOTBUCTIOrl aMBRr"4' I
. iii i -r - - ' ssP- '
WE OFFER
500 Shares
VICTOR TALKING MACHINE CO.
Common Stock
The VICTOR TALKING MACHINE COMPANY maw.
facturcn Victrelas and Victer Records, The Company baa the
largest musical Instrument manufacturing plant in the world.
The Company is a New Jersey corporation, incorporated Octo
ber, 1001.
The Company's factories and home offices are located at
Camden, New Jersey, and it has also contracted for a contreUia
interest in the GRAMOPHONE COMPANY, LTD., of England,
and the Company's products are given world distribution.
The capitalization of the Company is $85,000,000 Common
Stock, Par $100, authorized and outstanding, and $500,000 7
Preferred, authorized, of which only a very few shares are
outstanding.
There has been no declaration by the Company as te the
amount of the dividends that would be regularly paid upon its
present Common Stock, but according te the Company's pub
lished reports for the Seven (7) years ending December 3Ut,
1021, the Company showed approximate earnings of $39,208,685,
of which $17,750,000 was paid in dividends, while $21,458,585
was added te surplus. The dividends paid upon Common Stock
for the present year, 1022, have amounted te the equivalent of
slightly better than $10.70 per share upon the shares offered
herewith. These Seven (7) years include a considerable period
where the VICTOR COMPANY engaged very largely In war work
upon a basis far less profitable than normal operation.
The Management of the VICTOR TALKING MACHINE
COMPANY is substantially the tame that has been responsible
- fer the Company's success, and there is every indication of a
continuation of the Company's steady growth.
Price: $164 Per Share
GARRISON & CO.
WIDBNBR BUILDING, PHILADBLPHL.
MIMBItS
Philadelphia Stock Exchange
New Yacfc Stock Exchange
'I be statements presented In tble adrertlcemrnt, whits cot gnaniteed,
are obtained from sources which we believe te be reliable.
MOODY
and what the name represents
Ihe name Meedy has been for nearly a feneratien co
closely associated with financial and investment matters
that it has become te thousands of investors symbol
for authority and integrity.
MoeDrs Ratings of bends nnd stocks are recegnised
and demanded by investors for protection.
Jehn Meed v. the originator of the' system of rating
securities, is new and has been for fourteen years asso
ciated only with this organization. There bus net been
nor is there contemplated any consolidation of Moeeva
Rating Beeks or service with any ether publications.
Investors, bankers and investment houses will de
well te insist en proof when informed that Moeors
Rating Beeks haw consolidated with ethers.
Meedy's Ratincs. designated by the following symbol-,,
have protected .investors for fourteen years and
will continue te give this same protection.
Aaa Baa Caa
Aa Ba Ca
A B C
Send for a free copy, "The Invester's Key te Safety,"
and learn all about Meedy's Investmknt Ratings,
Moodys Investors Service
JOHN MOODY. rWa.t
35 Nassau Street, New Yerk Cry
BOSTON
191 M,U St.
PHILADELPHIA
Real Eetm Tran BU
BROOKE, STOKES & CO.
Investment
Securities
Philadelphia
Washington Baltimore
h Continaeui Bnsinen
80lfetdr
MOVER fCO.
CUmketis 6 BmwBRrs
Ml Cteatnt itr-
r dJr
man puncher) Tem's pockets f.
enn and than I. re i.i. l.Ti.7. ." '
vsei '
?.".. a1il ,hen ,eft h with doer.ri!!!S.l,,'l
'My slBter saw one fellow rt!f Jf'K I
in our grove earlier tMs .f7 "?
I'm going te let bw.lwkVwTS'
see whether you are the asm. fit ti
Presently th, "eung .' V''1
with his alstcr. Ten T looked r5lu"
beheld the very pretty ,01 u M
rrfirnoebnu.nd,w he h" "Aras,
nyeXVn'n'i('
Wade' ' Mr n,"n, h WadeZ-K
The Important yeun muit . ,
neared tote Terr vminS Zi "3r .
assumed la rather unlmwrtint B..?fA
new. Tem made ti&utiM?'!.1 '
nearly brought teara " UuS!SJt
young woman. She sent hntZjh
back with Tem te cut down aw '
finer, larger tree, and aent Tel2
feeling that he had honored jS 2h
her family by thieving for a in' "
And that'n hew V.elVJt'
rled before another Chrlstma i ,?' " '
TTUffrOMt
PntLADBiMu SfrtsttKFte
NtwYeic IttmrSSft
CHICAGO
Flrvt NitWsit Beat Bis1,
LOS ANGELU
rVrlfllMeteslBIs
C1 eiru :f In.iu-anea al
Age 35 for $10.08 Per Me-4
PEARL SUDLOW AOEC'
JSUSlV&XSftSi
HEWBORGER, ,.
HENDERSON & 10EI
Members New Yerk ani
Phi .falphia Stock ExehangH
1512 Walnut St. :
WIEGNEMOCKEYaCO, I
Certified Publiq Acceun
Pr-Ml sMMtag, Phii-F! !
(-1
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