IA
tiM
mmmwmM
-." i. TTlPr
Vif
)(iF:
Jv.
r "aj
frWHrwxy maw "anKllfflBr Vvwt Lmrrf
'"JVW
V '
'i
H
(EVENING PUfeLIO ' LEJD&EIt-rPHIIiADEIiPHIA: FRIDAY, DECEMBER 22, 1922
i.-tM
iZt
niiRANT SHARES BID L
I UP IN CURB TRADE
i
Nua Touches Previous High at
74i4Mining Stocks
Quiet
He Yerk, Dec. 22.-The curb mar
wf wits firmer after the opening, with
dlthtly mero activity. Derant ad
wnced ' te the previous high mark
IJ7414 'while the Imllnna shares also
Suded a new high nt 21. Glen Alden
n, Up a sharp fraction.
nil stock" showed only slight price
duuei en the light volume of trading.
Continental Can was fairly actlve and
bout unchanged.
The mining shares were comparatively
quiet but generally steady.
LPiMiiaiifrftju'a
0OAcme.CeM
20 Am Llfht . . . . .
110 Arneld 1 Constable
KifiSeWn cniy IIV.
High
.. Me
..13.1
.. SIO
m n,Mv lluils 1
0OCent Teresa, Hue-.. 1U
200 Carben Ml let PW 13
000 Columbia. Kmoreld 4Be
iwOCentl Can w I.... e2j
00Dubller C & It--. 4
ieeODurant Met ..; Oj
SOO Durunt Met of Ind J2H
'no Fifth Ave Bus Crp ',
;nmn A Hen Ceal.. (lU
Itvv """ ,
mj
IlOOltuasen iuii
100 Hudsen Man pfd.. 40
- ML.. tV f I.. . . It '
r.i;
4
7
ai
'""'.'.""m-va r
POO Martin Firearms..
100Mrlln rirciirms rf
200 fiercer .-viei .,....
IJOONnt Supply - COK
lOONush Moter pfd.. UllS
0ONew Fiction 'ub. ll'l
4J rew .otew .......-.-
BOO usceeui
joercrfcctlon Tires...
TC0 Thtllp Merris ...
f400 Radie com
I'OOHsdlu pref
200 Permits Stores . . .
SOO Htan Copna
ICOOKe Ceal A Iren...
100 Stand Met
100 Snows Fountain...
lOOTlm net Axle w 1
100 Tell I'reducts . . .
1001ml Rut Candy...
100 I' 3 Lls'it pfd . . . .
(00 U S J.lKht com... I'
100 winy cer 1st pr cit. iv
00 Wlnthcr .Met
100 Toungstewn S t T 7(1
standard OIfS
0O Angle-Am Oil .... 18
400 Atlantle r.bes ... O'i
SO Puckoye V U fir.U
tie Cent Oil 1M ,
130 Illinois P I. 1H2.,
I40O International I'ct . M
100 Nat Trans ".":
SOS Pralrle Plpe 3 lit
.'0 Seuth Penn Oil ...I0O
10 Seuth r L. 100
MO Stand Oil Cal w 1. ShU
200 Stand Oil Ky ....122
1(100 SJand Oil Ind ....117
400 Stand Oil N Y w 1. 40,'i
110 Vacuum Oil w I.. 4('
lObeutlmest Ot
lt',4
14
2D
aj
f.
3i
nir
a'i
I 'I
T
fi'a
r.-
.l
l'i
Lew
r.te
inn
no
17T4
H
JA
14
12
40a
4 II
4'i
74
20
H'.i
2H3
fil'i
m'i
40
4'4
;
Ha',
172
10,i
1U
imi
3'i
-'H
C3
31;
3te
2H
4'i
VU
r.'
l'l
i'
7'i
ns
70
IS
I
R.Vi
ISO
ltie
SI'S
2.i ',
31. -i
K.7
KM)
rsji
1201
llft'4
40 U
4'l'i
01
1:30
T. JI.
Ma
18.'
21)
17 tt
8
"A
12
4.r.0
42
4H
7.VI
2t(i
UV4
2.'ill
CO
1H4
4D
e;
4'i
7
3i
no
IM)
13Vi
172
11
Hi
20
3'i
2's
53
3'i
31n
2U
4'i
S'4
SU
l'i
l'
7'4
1'H
7P.
18
0
K.'i
l.M)
100
2)'i
2.V,
31')
100
100
rs:
123
117
-ten
40Vi
01
INDEri'I)K'T OILS
. B'i
.171
. OO'l
: 3U-
. 7Sn
. 13'i
. 2S
! 4flU
. 3u
. 02n
:
. nt.
4
1.0(1
. 18
. itn
. It's
. 2la
. A
. 3'i
. 21U
.'l
lOOCarib Synd ....
50 Cities Service .
100 Cities Serv pt.
SOOCelcmbla Synd
1800 frcole Synd . . .
1000 Tedcral Oil ...
100 IVnsland
lOOllllllltnd Oil ..
SOltlrnnada Oil ..
400 Oulf Oil Pa
(KW Lanre
BOO LitlnAmrlca .
800 liwry Oil
1000 Mammoth
400 Marncalhe Oil .,
BOO Marland -Mex ..
00MeMce Oil
40O Mountain Pred
I1W Mutual Oil
100 New Men. Land
1000 Neble Oil
200 Omar Oil ,
1050 U-d DanlH ....
ttnti It an Cens . .:.
BO Salt Crcsle Pred
3IJ0 Sanulna Ilef . . .
1M0 Swilmard 2U
120(Slmms Pet 13
SIOQpnuth States Oil.. 174
0O0Te.in O & L 30u
loeo Turman f,
1O50 Y Oil Se
MINING
niK I.C'lKH MO
ltuan (Jold 2ec
Ilia Men Cens ... 17c
Omar te Cep .... 2S
lfm.lE.)n rn Xfln 111,,
t'011.1 N'V Ut.V.) .. 10"
Cent Mines I"i
Oeiirer RanK ... 3lt
C'eit'K Sll 1A
C'rc-Msen Geld .... 2w
ncati uens 70a
DiM.Ie iAt 11c
On den Oeld OOe
llmni i. nil t
i:urek.i Crocs ... Una
tie.d Deei Ille
(loteneiii nor .... .e
tlird Shell Itn
1 1 111 Tet. Nev .... 1,",
Howe Sound 2's
Indrpcnd Ixad ... 2He
.lumlMi list r.n
larNamura r.c
Natl Tin 27r
.Ww i pem 2 '
New It.iy 22c
Hay Ilereulfn .... l n
Hlrlimiitirl I'nn - Qir
Ituby Hand 24e
hlUer Mines Am.. lHe
Spearhead Ueld ... 7e
Teck IlUKhes R0e
I'onepah Dhlde ... OSe
Tonopah Ext 3)1
Tuelumne 01c
I'nited KaBtern, ... 1JJ
U H Cent llie
I'nited Verdo 27H
Wtst End Cen ... li
r.',i
lfi')
OO'i
l'i
2
7H!
13U
?
iOH
3c
02e
1U
424
14i
nt.
00f
17"4
114
3's
21e
3i
21',
:i
-"
in'i
K'.'n
3(lc
1
tic
170
Oft'i
1'3
2
7)lc
I39i
i'S
40Vi
3u
Ce
.'-
42 ).
If.H
aw
l.oe
is
nii
3'
21c
12
8 '4
2l'i
ife
17
IlOe
1r
be
loon
oei
10MO
td'lll
10011
B1lll
1'JOO
r,ne
100
If.ue
100
110D
Moe
Line
50'JII
20(10
BOOf)
100O
4100
10(1
100ft
Uillll
aefiii
10-ViO
10(1
10.10
lldfl
loon
lnoe
lOilO
moo
S'ixi
140D
100
soeo
den
000
300
1400
r.c
3e
2.'.
2 '-4
2IIO
loe
41!
34
Hi
2 '4
;:.
He
UOl!
2c
27u
10e
2lu
4e
lAi
2'i
2li'
f.c
."c
2tc
...t!4
"V'i
2 1
21e
1K(1
7e
7 1c
Ofcn
3'i
48e
..12
27
IS
r.e
r.e
2.'iO
l.-ie
2H
2Ue
10IIU
l
3S'
iff
7.r.e
lie.
tOa
2a
.'loe
inc
2le
4c
1.'.
24e
.,:?'
in
240
IMe
ISn
7c
80c
CSe
4?iJ
ii
ItONDS
J"11'' Am T.t T fls w w..1O0i 100: 100H
;;''' Am Tei 01 'at... 101', 100 me',
J "id Anacund.1 7s '29. .103', 1034 103'i
1'iui) Anaciuida fli . ..mt, ini, n
I?''' "!' Am Oil 71ih.103' 10.T4 Hi.'t'i
0')U Armour t Ce 7a..lOIi 1014 10l84
nei) lf..n,.r I fid Sa ctf. ill) 00 111)
JI"'" "elll Sltel V '23. ,104'j 10414 104'4
0;Hlei. steel 7 'aS.MM'i 102! 102i
V.l,!,ft,..H,",r',' ' 1014 101't 101'
"00 J el a h ctf pt ctfs 20 20 20
f'"" u'" lUlt 7..107'i I07'i 107'i
... .'..""" 'fxtlle 8n... (is (I7'-j U7i
;; R'v'iA s? "'4 ..ie in ler, 10P4
iUS KJT "u.'"j! " ?.. ''.. i".
4400ii Dunlnn 'i J 11 r. ..7i r.. ,.
"(Miulr llelit 7u .. .. OS).?
l.'nii Heed Ituhb.T- 73i. mi.
I 100 li,t,.r n T 8 . J17
I'lpn City L P5i OO'i
'"OO'i Krnneciitt -! 7a ...lO.Vi
t'Ooeniiiu PewnV r,H 11 in
Kif.',m '.'w & 1. r,. kei!
S)ll.
USI3
im'i
l'i
nei
in.-.
101
in
101'i
ce'I
no
hll'i
en4
ns',
tm'4
07
pe 'a
111.1
101
1)1 i
miu
SO'i
no
sn'i
103
10li
1111
K)''i
U3S
inn
(is
It!)
100
tl-l'i
.'Ill's
103'3
aXiVS'nr.'"'" ''.. W'"i b
-: . nrrv . j in.. I ll'l
Ieih)2 n v X- l- 2'V-l"' lei'i initj
SssSJl!: i?::?SU!8.ait
n?.X5W!J' t -' '."'aV. 02H OL'tj
lOOOfawItt .t Ce fta. -ai. l)3i ua
l'OnEION IJOND.S
ijs?. m'?i, oeu 4s . He;
Moe h,vles Cem B'as. ,m
International Marine Cuts Dividend
HwSlWiit'r. 22 Tha International
in. 'i Jlly ',1. 'empnny had b"n nay.
I'ia5,: ' "" i1"" ""erpu,irl.bne
ter . 17 Lri ih"i pil,"l,,IJnt ,,mt "u '"lance
Jfesei thH rirt'a.h t':'' arnetl In 1022 ills
erat iinVn .T ,ni4t ."'Is .ir lias bueii I he
iivu 01 t.ins.rp.'p HB reported,
Denies Purchase of Chlcaoe Plant
li1J0!l.n(evn. ()., Dec. 22. IlepefTs that
nd lt?ui,?i,,?iw.n !i,,";ct B.ni Tut"' fempany
Atn.rl?-l( ,. el"! S'ecl and Tubs Company of
ky jim.' a c!ir"i" P.nn. w.-m denied ted.y
msr "einn.,CalIlPj;,'!l PreDldent of the for.
ani TutTt,"' w 1,ave "el bought Steel
"ittsd u, St!r- .fiinpt.ll declared, lis sd.
Slssl .il rhv? had befcti n ronferencs with
t'lir "l Tubc or"-,l" In New Yurie yes-
NEW YORK BOND TRANSACTIONS
IIlRh
103.02
102.7(1
101. HH
101,30
100, RO
ioe.r.4
102.00
101. 7S
101.4O
101.00
10O.8O
101,00
1O0.80
101.80
101.03
1O0.08
100.00
Ilnnea Since Data of Issus
DnlK
Oct. ln.'ss
Oct.
.tulv
July
July
July
July
Jury
July
July
July
July
July
July
July
May
April
19,
2.V22
84. '22
23, '22
14.'22
lll.'23
2.1,' 23
24.'23
2122
28. '22
20,'23
2B,'22
27.'22
20,' 22
1023
822
LOW
80.00
80.11
83.110
83. 81)
81.40
81.511
(10.00
84.00
84.00
81.40
83.BO
8.1.00
82,40
82.41
82.00
04.70
01.09
LIBERT DONDS AND VICTORY NOTES
Imtle
LltiTty n'ifl, 1032-47
Liberty 8tss, renlstered
Liberty 1st cv 4s, 1032-47
t.llMrty 1st cv 4s, registered
Liberty 2d 4s, 11)27-42
Llburty 2d 4s, registered.
Liberty 1st 2d cy 4!s, 1032-47..
Liberty 1st cv 4'i, 11)32-47
Liberty 1st cv 4'is, realstered ..,
LlbTty 2d cv 4Us. 1 927-42. .. ...
Lllwrly 2d r.v 4!i. leglstered. . . .
Liberty 3d 4ii s, 1028
Liberty 3d 4H. rCRlstered
l.tWty Ith 4',4R, 1V33-3D
Liberty 4tli 4ii s. reslslcred
Victory 4, 11)22-23
Victory 44 b, rcxlstered
1 of Issus llange, '22
Date High Lew
June 221 103.02 1)4.81
July 1121 102.70 D4.82
May ll).'20 101, OH lir..7i)
May 1020 101.30 07.HU
May 2020 100.80 nn.ne
May 2120 IOO.BI 113.00
June 720 102.00 llfl.OO
May 2120 101.78 00.00
July 3(120 101.40 1)3.80
May 220 101.00 01.08
Dec. 2320 11)0,80 113,08
Dec. 2020 101.00 B0.71
May 11120 100,80 1)4.72
May 2021) 101,80 . 0.1.87
May !0,'2O 101.02 0.1.71'
Mav 20, '20 100.09 100.02
May 21. '20 100,00 UD.84
High
1UO.&8
08.00
9S.00
08.40
I&23
1)8.08
lOe'.St
1:30
Ijw 1. M.
100.58 lOO.B"
Net
Chge.
D8.0O
08.00
08.22
08! si
08.01
lbb',32
118 00
08.00
08.24
ilft',84
d8.'04"
lib! iU
Anten Jergeni
U Mars W Os
B 82T4
B 83
4 83
2 82
1 82?i
1 82H
Arge Pep'e 7a
2.... lOOVi
4.... 100 H
1.... 100H
Chinese Oeve t
It-K Itly Bl
4 fit
City Oerd'x Os
1 78'4
1 78tt
11 78
2 78
City nt Copen
hagen DHa
3 00
u 00
2 DO
City Greater
Prague 7H
1 7B
2 75K
2 73(
City Lyens Os
1 78K
City Mars's Os
1 7S4
1 78i
4 78
"lty Perte AH
legre 8s
2 07
Cty nie de Ja
ne rle 8a '40
1 07
Cty ltie de Ja Ja
nerle 8s '47
2 00T4
City or Sols Sels
sons Ol
10 78 li
Crecho-Sleva
Hep'e 8a
1 80W
1 811
Dept Heine 7s
B SOU
De Can Es '20
10 094
'1 P0'4
O Can Btt s 20
10.... 101i
1.... 10P
4.... 101'
IT!) Can Cs '31
SALES IN $1000)
I'ORKIUN tlOND.S
1.
O(sale) P2
03 W
02T,
III '4
rrtim'n Indust
Dev 714a rets
8 (til".
Clove't French
n 7 Ha rets
3.
1..,
3...
1...
B...
r...
1..
Qeve't
ltepubtle 8s
U OS'-i
2 08'i
Helland-Am n
Line 6a
1 89
4 88
Jap Oeven't 4s
1 81i
K Belgium Os
S 07
4 D0T4
4 natt
K Belg'm 7 Vis
1.... 101 '4
1.... 101
K Belgium 8s
1.... 100H
B.... 100'i
1 100i
Kingdom Den-
mar ct Os
10.
1....
1...,
I...,
4...,
4...,
4...,
1....
3...,
1...,
Dutch
ct Oa
17...,
1....
r...,
1....
3...
3...,
2...
Dutch E Ind's
ct fls '02
2 02'i
Ofti
. ens
. 09'
. (Ifl'i
. en.
. l'9l4
. t'O'i
. mm
. POH
. 119'j
3 Ind's
47
. 03 'i
. 03 Vi
. 03
. 03 'i
. 03
. 03',
03
04H
04 "4
04&4
OtH
W,
04
01V4
Freneh
08 It
OS'4
08 ',i
08 ',
09 Si
08Vi
08'i
08't
08'i
OHs
01
K of Nether
lands Og wl
a.
n
2
3
6
1
3
1
: Italy
3
08'4
08 'i
08 i
08 ,
08 1
U8'4
OS'S,
08'i
0Sl4
OVi
Ner
I
1
B4
13
12
H
1
38
15
30
Kingdom
way Os wl
10....- 00 t
3 09
Kingdom Ner
way ct 8s
2.... 112
K B'bs Croats
& Slevnes 8
1 71
PsrlB-Lyens M
Hall'y Gs
1.
a..
3..
10..
0..
1..
8..
Queensland Os
1.... 101'
72i
72 'i
72i
7274
73
73
t-H
Bell-
Republle
via 8s
I C3U
4 03
3 0.1 U
P. Chile 8S '20
1.... 101'4
It Chile 8s '41
.... 103
It Chile 8s '40
0.... 103
Rep Cuba 4 Vis
B 82
3 SIei
Rep'e of Haiti
Os wl
5 0fl4
2 001
B IlllVi
7 00 V
E OlHi
np'c of Uru
guay 8s
State of Sse
Paule ct 8s
E 08
1 08
Swtz'd Cen 8s
25.... 118U
V K Ort Brit
1, I BVis '29
11.... US'
,.... 113',i
n.... ii3'
7(sale) 113Vi
1.... 113V,
a.... 113".
H.... 113'i
19.... 1134
1 113V4
U K Cirt urlt
t B'4s '37
104
104
lOtVj
104H
KU4
114,
104
25.... 104i
U S Uraill
7..
10..
33.
H..
1..
80 H
80 Vi
80
8.1 4
S.Vi
811
B
a
B
a.. ..
7(nale)
1
1..
Un'il S Biuill
74s rets
1 OO'l
7(,al- 00 'i
1... . PH'i
2.. . 00
Un'd S Brazil
Large "Vis
2 PC,i
U S Brazil 8s
08'i
0Si
0Si
0!i
OS'i
08 H
tiS'i
U S Mexico 4s
B 30V,
1 30't
U S Mcslce Bs
1.... 102H
DOMESTIC nON!)9
2,1 97
2.1... . 07
Csale) 07
B (Oat) 07 'i
.1 (lint) 97 'i
10 (flat) 07'4
1,1 (flat) 07
20 (flat) 97 .;
58 (Mat) 07 V4
30 (Hat) 07',
10..
1.1...
10...
38...
10...
10...
07
07',
07 li
07Vj
07 4
07 U
97.
07S
074
07 S
U S Govern t
4 'is rets
8 00.00
1 09.80
1 09.0
30 09.92
0 99.0
10(flnt) 09.90
4(salc) 99.00
4 09.80
100 00.90
101 99.90
50 t'9.00
American AST
Chem'l Es
1 094
Amer Smelt a
Itefg Cs
7 03
B OS's
1 t3
American Sug
Hef's Gs
5 51
Am Tel & Tel
clt 4s
3 01'4
10 01i
A Tel & Tel 5s
2 (iS'4
2 08,
3 98'4
3 9K,
2 OSW
A Tel 4.T0I Os 10...
0 115 1 ..
5. . . 1I5"4 Can'ai
. . ...... r.
AKirr 11 aiei
Works Bs
2 81
Armour 4V4s
1 89',;
fl b
7(sale) 89
?h T & S Fe
adj 4s
7 82H
At T & H Fe
cv 4s '09
1 SHi Cet't of Oa Os
B 81i) 1 09T4
Atch Tep'ka 4(ctl Pae 1st 4s
S Fe 4s 3 S7
B Snlc Paclde Short
1.,
11..
.1. ,
Broek'n Union
Kiev 1st Bs
1 834
Broek'n Union
Oas 1st
S .... 00
Broek'n Union
Ciin 7s '32
10 103
Camagucy Sug
Inc 7s wl
B 074
Canaern Nth'n
G4s rets
3.... Ill,
Ill's
IIP.
an Psc 4s
O'i
1... . 70 'a
1 70S
2 70S
1 70S
Ksals) 70'
Canada S'n Es
1 08W
Care-a Clinch
field & O Bs
2 02
0 92
1 b9i
A Coast L clt
3 82
Atl C Line 4s
1 80
3 89'i
Bait A O Sh
B. ... 03
1 (roe) Pl't
B 03
Bait & Obi'
1 79'4
2 704
C(nule) 7UH
3 70
2 70'i
11 70
U ft w cv 44s
20 (flul) 80
20 81)
B 80
5 79
20 81)
Bait A Ohie Bs
B 83,
1 834
3 83
Bait A Ohie lis
I..
5..
5..
1..
1..
0..
1..
B..
lOOti
101
1004
101
100 '4
mi
101
1(M'i
2 101
n & e r 1. c
t W Va, 4s
10 77
1 77 U
Unit A Olile H
West'u 3'4s
1. ... 91
Bell Telephens
of Pa 7s
1.... 108
1.... 108
1,... 10NV4
1 ... 108
1.... 108
J . 108
lJctli bteel 1st
5 . . 90
Icllile'in Htcul
Cs of '30
1 02'4
lleth Steel Os
I I'S
3 US',
1 98
HrwVn Cep M
Ceinp'y Os
1 08
II... . 09
HKn Ed I Ce Bs
J.. .. 97
I... . 07H
Rim Hap T 7s
1 h7
Drier II Steel
Ce 0',is ll
l'7i
OT
u.V...
15.,,..
Line 4s
1.. 83
C'ere de Paa'e
Cup r 8s
5. .. 13.1
: A O cv 44 s
B Ml
1 89
h A O cv .V
IS P4'4
1 1't'i
2 . .. 91a
Chi A Alt'll 39
2 52
Oil A Alt 34s
5... . ':3
0. 23
Ksnle) 23
hlitage A Wa
Indiana 4s
3 7.1
3 7.1
1 7.1
Ksale) 74
C A W I 7'i s
1.... 102
Chile Cep'r Os
1 nn
10 en
3 en
Chile Cep'r 7s
53 113
Clev Cln Chi A
St L Km 4h
1 80i
Cl'd Cm Chi A
St Leuis Oa
1.... 1014
llne H L 44
1 90
Cole A 3 44 s
10... . S0
Cetrd Ceal Ce
of Md 5
1 SS'i
Columbia O A
Elca 1st st'd
8 00
Cem Otitis 4h
10 744
Cemp'g Tab A
Recerd's Bi
7 074
Cuban A S 8s
1.... 107
1.... 107
1 107
iCumb'd Tel A
Tel Bs
1... . 02
Del A II 5 '4 s
5.... 101
1.... 101
Den A Jt CI 4s
2 72V4
Det Edl C( '40
3 0.14
DIs Securities
ct Bs
B 49
D de Nemours
Pwdr 7V4 a
1.
1..
Duq
1..
I
.. 107 '4
.. 107
Light ls
. . lOO'.i
.. 100
. . 100
. 100
Eastern Cuba
Sugar 7'js
II.. .. 90S
1 1)0
1 97
Empire ass A
Fuel 74 s
1 Ot
1 01
1. ... 91
II 03
I.. . 4
rjhl H A Q cm, Erie Oenl Lien
8b
1.
A
Chlcaerf H
Q II 34s
3 814
Chi A O 1
1.... 100
Chi II A y Os
5.... 10H4
Chicago A E'n
Ills Bs '51
B 80
1 80
Chicago Mil A
St P 4s '34
10 Bl'i
10.. . . 5 1
30 544
Chicago Mil A
St P 4s '2.1
1 .... 75
1 73
1 7.1
HI 75
Chicago Mil A
StP cv 44 s
2 03
2 13
03
111
0.14
I3
113
03
A
:t.
10.
1.
1.
10.
Chicago Mil
St P cv Bs
2 0.1
'.' 11.11'.
Chicago Itall-
ways Cs
1 77
3 77
1 77
Chi neck I A
Pae fd 4s
2 83
1) 831
2 834
2 83
0 83
Chi T Haute A
8 K'n Os
a,.... 70
1...... 81..
3.. .. 43
Erle ItR cv A
... 424
Erie ItR cv II
15 02
Erie nit cv D
5 42
.Erie nil Ce 4s
I BB
4 .... flet,
1 55
Erle It 1st en
I. .. 103
Oene'l Elea Bs
1.... 100
idene'l Elea Os
1.... 10,1
a.... 105
O'en'l Refrac-
tiirlcn ct Os
1-- .. l'8b
2 OSli
Uoedrlch 11 F
0n rets
1 10H4
1.... 101.
Geed) ear T A
Huu'r '31
10 98
in 118
2 0S
3 0S
itloedjeor T A
llub'r '41
1.... 111
1.... lit
Clr'd Trunk of
can Os icts
1.... 104
1.... 104
1.... 104
Or'd Trunk of
uanada 7s
2.... 113
1.... 112'i
1.... 112'i
Great Nerth'n
iUll'y IhIs
1 00
2 00
Great Nerth'n
Rall'y BV4s
1.... 102V4
I.... 10314
Oreat Nerth'n
llall'y 7a
10.... 10
Hersehy Cho
colate Ce fls
2 07
1 07
2 07
3..... 074
7 07V4
Hudsen A Man
In ej Es
1 01
7 0H4
3 014
8..r.. flHi
B 014
Hudsen A Man
fd Es
1 84
Humble Oil A
Itefg BVis
2 09
B P7T4
8 08
B 07'i
fi(sale) 07 74
2 08
8 08
Ills Ctl fd 4s
1 87
1 87
Ills cen 4s '33
0 81
1 81S
ins cen'l Bs
B.... 101
2.... 101
Ilia Steel 4V4s
1 Pl'i
Interbore Met
44.1
10 0
Intetbeni Met
ct 4 ',4s sta'd
rn.
0.
in
1
2(1
10
Interobre
Tran fd Bs
2 71
Of,
0
O'i
in
10
1i),
10
rtar
0...
1...
a...
2...
71
71
71
70T4
7074
4 71
Interobre Hap
Tran fd rt
B 71
1 71
Interobre Hap
Tran 6s wl
G 72,i
Interobre llap
Tran 7s n
1 09
0 04
Intr'l A (Veal
N'n ct Es
20 03
Intr'l A Oreat
N'n aj Gs wl
IB 49
lfl(sate) 49
0 49i
B 49
1 19
I M Marine 0,
B 90
0 90
1 en
2 89
Int'l Pap a Bs
1 87
Int'l Pap I) Bs
B 87H
Iowa. Cent') 4s
T 37
Knn c rt 3 A
Memp 4s
1 78
Ivan City Ter
Hallway 4i
B 83
e ij'I
Kansas Gas ns
1 00
7(sale) 90
2 (flat) 00
7 (flat) 90
1 (Oat) 0
2 (Oat) OD'j
Kings County
Elevated 4s
1 70
Lacks.' a Steel
Bs et '23
1 0974
Lacka'n Steel
Cs of 'SO
1 00'4
1 00
Laclede. Oas C
et St L Es
1 0254
Lake E'O A V
1st Es
3 05
Lake Shere M
H'n 4s '28
1 03
x.axe n.inrc ik
jfi'n 4s '31
1 I'Z ' ,
1 02
2 02
1 03
Lehlfn Val 4s
1 81
, Vel en 4V4s
10 l'0t
11 90
L A Myers Bs
B 08
1 99
L lid H Cs '37
Leuis A Nash
ville EJis
10.... 1041
Le A Nash 7s
l(sale) 108
La A N W Cs
5 77
Magna Copper
Cnmp'y 7s
2.... 110
Manatl Sugar
Cnrap'y 74 s
-3 97
Man Elev'd Is
B 02
1 02
Metropolitan
Edited Gs
1 08
1 90
Mich Ct'I A 4s
1 01
News for Investors
Thr New Yerk Stock Kxchange has
nilmitteil te tntiliiiK (lip right nt the
Public Service Corporation of New Jersey.
TI10 Tnterhoretigh Ilnpld Transit
M'ccial meeting of stocklieldprs schi'tl
tiled for teduy hits been postponed te
December 18.
Directors of Grcyleclc lills. North
Adenis, Mass.. have reeemincndeil that
the capital stock he increased from
$700,000 le .?MOO,00O.
UirecterB of the Kensington Trust
Company declared n seml-nnnuiil divi
dend of (1 per cent, Increasing the 1111
nttnl rate from 10 te J"J per cent.
The nverage price of the twenty
nctive Industrials mlvniicerl 0..'5(i per
cent yesterday te 1)7. SS, nnd the twen
ty railroads advanced O.O.'J per cent te
8.J.24.
Tile Brooklyn City Bailrend Com
pany for November reported 11 net cor
porate income of $1157,7(13, compared
with ne. corporate Income of $S0,149
for November. 1021.
Pennsylvania Ceal nnd Coke Com
pany stockholders approved the increase
in cupital from ?7,niMi,000 te $12,000,
000. Ne action en n stock dividend has
,et. been taken by the beard.
March 2 is the date lixed for the
special meeting of stockholders of the
AVestlnghouse Air Broke Company te
vote en the proposed increase of from
SeO.OOO.OOO te $30,000,000 in nu nu
tlieri.ed capital.
Wheeling nnd Lake Krie has applied
for permission le pledge Sl.'l.OOO te
funding T) per cent bends n collateral
for a short, term note for $100,000 te
Guardian Savings and Trust Cenipnny,
et t;ie eland.
Directors of the Berkshire Cotten
Manufacturing Company, of Adams,
M.iss., hnve called n meeting of stock
holders for Deceuiltcr 26 te ratify nn
increase in capital stock from $2,,"i00,
000 te $."),000,0(I0.
The adjourned meeting of the Kdwnrd
G. Btuld Manufacturing Company
stockholders for voting en an increase
in cupital from $S,7."O,000 te $ll,4!)S,
:i0l) will lie held .Innuery 10. The
proposed increase in capital is le be in
preferred stock.
KnruingH of the Nnllenal Biscuit
Company for the current year will show
a decided betterment ever theso of 11)21
nnd will fully justify the $.'t dividend
rate established en the new common
stock, according te 11. K. Tomlinson,
president of thu company.
Profits of the Uejal Bank of Canada
en operations during the fiscal year
ended November .'Ml nre reported as
$3,058,409, equivalent te 10.40 percent
en the capital. The amount carried
forward te prellt and less account nfter
disbursements was $1,007, .r14.
As a forerunner te nn offering of a
block of common stock of Fleisiimunn
Company in tin' near future, it wan
announced by W. V.. Mutten & Ce. that
a block of the hhares has been offered
te cmplejes uf the corporation nt $2,"
en a partial p.i.vment plan.
Stockholder of the. Pacific Develop
ment Corporation took no action in re
gard te the 'imposed reorganization
plan rallinc for the financing or tin tin
Andersen & Meyer Company, Ltd., n
subsidiary. Tim meeting was adjourned
subject te the cull of the chairmnn.
Net camliiKS for the nine months
ended September !'0 of the Moen Meters
Company nre placed at $5Ti2,12(l, which,
after preferred dividend, Is equivalent
te approximately $.'1.50 en the common
stock. The corporation's January pro
duction schedule Is for 1000 cars.
The Iteynl Dutch Petroleum Com
pany has brought in n well with an
initial cirpueity of fiO.OOO barrels daily
en the Santa Barbara tract of Vene
zuelan Oil Conivssiens. Ltd.. near the
town of Ln Knsu en the eastern side
of Lnke Marticaibe. The well Is under
stood te be about 1800 feet ln depth.
Mex Pctr'm 8s
1.... 109
10....- 109
T.... 100',4
n.... 109 14
3.... 109
24(sale) 10014
M StP A S Ste
Marls 4s
2 88
M Kan A Tex
nj Cs wl
2 0014
1 004
M Kan A Tex
Bs A wl
0 83
51 Knn A Tex
4s II wl
1 08
3 04'. j
Me Paclfle 4b
1 024
Me Pac Cs '05
1 80
Me Paclfle fls
28 984
1 08
2 084
M A O St L A
Carle 4s
1 88
5Ientr'l Trnm-
ways Ba
2 ... 88',
New Engd Tel
Cemp'y fls
5 0874
15 09
8 99
N Or'a A T 4s
10 704
N Y Ctl en 4s
23 81'i
Ct'I 44 s
... 88
C'cnt'l 3s
... 0
... 07
... 07
... !)7j
... 97
Cent'I 0i
104
n.
E.
IB.
10.
1.
Nth
1.
3
N Y
n"y'
10..
c.
1..
0..
23..
N Y
1..
1..
3..
103
101
10t
101
let
Edl'n
1
N Yerk
0is ret
1.... 11"
1 110"
N Yk Light II
A Pwr 4s
1 83
3 83
N Tk Light II
A Pwr Bs
2 00
1 99
New Y N II A
II Is 'SO
1 50
New Y N II A
Hart'd 0s
1 09
1 09
1 09
1 70
New Yerk O A
Yvest'n 4 s
1 C9',4
N Yerk State
RIya 44 s
1 0fl;
New Yerk Tel
fls of '41
10 100
1 111)
1.... 10.1
1 10.1
7(sale) 103
1.... 100
1.... 100
1.... 105'i
New Yerk Tel
fls of '49
1 ... 106)
Norfolk A Wn
cv (is
20 1134
N A W Pece's
Ceil Ce 4
5 874
... 108
... 108
. .. 108
. .. 108!
... 109
H Pnr 5s
. ... 02
92
North West'n
Dell Tel 7s
1.... 107
4.... 108
Ont Pwr Nlag
Falls 5s
1 00
Oregon B L 4
B 2
Orc-XV It H A
Nnl Ce 4s
5 81
Otis Steel 7h s
rets
2 03
Pacific (las A
Elea Bs
1 02
Pae T A T BS
. 97V4
Paclfle Tel A
Tel fd Bs
10 01
Pan Ceupns 0,
1 0314
Pa It gin 4is
1 02'i
1 02'4
1 02V4
Penna It 04 s
2.... 11074
4.... 11074
2.... 110
Penna H It 7
n.... ue
B.... liny,
l.... no
Pee Oas Light
A Coke Cs
0 02
Pere Marqt Bs
5 904
0 90l
1 90
Phllad'a Cem
pany fd 0s
I..., 100
J 0074
Pertl'd Rwy A
L Es '42
3 89
Readlns Ce 4s
1 81
4 84
C 85
Rem Arms fls
1 93;
St L I'n 5It A
S niy 4e
10 8
B 8774
1 89
St L I'n Mt A
S'n Rly Es
1 09
StL I 5It A S
R A O dlv 4l
1 81':
1 8t
StL A S Fran
ndj Us
7
4
StL A 8
In Gs
1
StL A S Fran
Series A 4s
1 7074
10 70
StL A S Fran
Series H Bs
1 8.1
2 8.1
StL A S Fran
Series C 0s
11 OS
St L A S Fran
Serles D BHs
1 .... 93
StL A li Fran
gen' I 5
1 934
StL Swn cv 4s
10 77
I
10.
E 08
Sinclair Pipe
Line Ce Ba
2 88
8 884
Hsale) 8874
1 88j
B 894
Sn Pae cel 4s
. 84
. 81
cv 4a
. 02
. 02
. 024
, 024
fd 4s
, 87
87
70
707t
Fran
B8
Hn Pae
B....
1....
1....
1....
Sll Pae
1....
1
S Perte It Sug
rets 7S
2 83
Sn Hallway Is
!.... 0i,
4 08
Sn Railway Ba
7 et
B 07
S t7
Sn Rall'y O'i a
2.... 101
22.... 101
11.... 1007',
2.... 101
2.... 101
Stand' d Gas A
Elee Ce Os
1 00
Stand'd Oil of
Calif 7s
10.... 100
10.... 100
B.... 100
Steel Tube Ce
of Am a 7s
1.... ten,
1.... 101
Tenn Electric
rower Cs
03
7(sMe) 03
fl fl
1 91
Third A rcf 4s
1 ".
Third A sj 5s
2 50
2 50
Tel Edisen 7s
8.... 107
B-... 107
Ul"t A Del .Is
in.... 00
Union TenK-C
Cemp'y 7s
!.... 10
3 101
Unl'd Drug 8s
B.... 112'i
f 8 Realty A
Impv't Cs
1 00,,
U 8 Hub'r B
1.
1..
C S
1..
13.
Unite
S8
... 89
... 88
... 89
. . . 88
Rut) 74 s
.. 108
.. 1084
d States
Steel Bs
B.... 102
1.... 103
10 102'4
I 102
Utah Light Bs
1 87,
Va-C 0'ct 7i
1 9574
Va-C Ca 74 s
r. S3
1.1 81
Va-C Chem cv
75 s war'rt
1 00
7(sale) 90
X'a Rwy Ce Bs
1 07
a Railway A
Power 5'4s
1 084
Warner Sugar
7 Ce ct 7a
N A Edl'n Ce Se.ib'd A Line 3. ..
Cs rets sta'd 4u West'n
ft 93 i 2 B4 1
3 n.v.iSeabenn! Air ,W Pac
Ksale) 03 Line ndj r.s
fl(sale) 03 7 22'4
1 (flat) 03! 1 22
N Pacific 11 3s Sinclair C Oil
1 01
N Pacific R 4s
4 80
9 80
N Pacific It lis
1.... HI874 '
Cerp 7s rets
1.... 101
1.... 100
11.... 100,
1.... 100',
2 101
1..
1.,
3..
1119
ins
Ks
Sinclair Crude
I i", O r -1 tLm
2 0SH
1034
Md 4 s
. 02
1st 3s
1 81
1 817s
Westlnghs'e E
A Mfg 7s
1 1071
Wlckw'e Spnc
Steel 7s
1 04
1 Ot
1 fl
Wilsen Ceni-
pan'y 1st (Is
1-... 101
!il ll lil I.I I
TWO KINDS OF INCOME
TWO Investors own secur
ities wbichratcthesameas
te $afty of principal, income)
and lalability; one receives
an irregular Income, while the
ether receives his income pe
riodically month te month.
The advantages te the
COUPON EVERY MONTH
investor are obvious.
Can we assist you in ob
taining regularity of Income?
Graham Roberts &. Ce.
Investment Bends
Franklin Bank Building .
BUYING IS AT LOW EBB
Lull Following Christmas Rush Will
Continue Until Turn of Year
General buying, except nt retail
Rlercs, Is nheut nt Its lowest ebb, and
will contlntte no until nfter the turn
of the year, according te (he weekly
review of trnde for the Philadelphia
district by H. G. Dun & Ce. Hctall
sales are fully up (e expectations and
glve evidence of exceeding the holiday
period n year age.
A resume of business for the Inst
yenr, It Ih predicted, will bIiew very
tmbstuntlnl Improvement ever previous
years, and has been the best since the
war period,
The review, continuing, gees en te
say :
"The wool markets nre rather quiet
nnd there Is very little disposition en
the part of manufacturers le take en
additional supplies. Values, however,
are llrm, and it li expected nfter the
new jear there may be a hotter dc
innnd. "Shire the 1st of December there hns
been u decline in the demnnd for cotton
goods. Tills, however, is believed te be
due principally te retail merchants lies
itatins about making purchases for
spring owing te ttie advance ln cotton
piece goods. Purchasing of cotton
yarns inis been reduced te practically
n minimum, but after the first of thu
year there is expected te be n strong
demnnd for the liner numbers and
grndes.
"Manufacturers of clothing report nrt
lncrenac for the last month, but sales
for future delivery nre about normal
for this period.
"Clenk nnd suit nnd skirt manufac
turers have only u moderate trade, but
there Is fcome Improvement Indicated
by recent sales for holiday trnde.
"The leather market continues dull.
The demand Is small for nil grades.
Hides are accumulating jind prices nre
weak.
"Glazed kid Is ln moderate demand,
hut price of raw materials holds the
finished product prohibitive for ether
than manufacturers of high-grade foot feet
.wear. "hoe dealers report increased sales,
but goods are for Immediate delivery.
Substantial orders are being placed
with manufacturers for spring delivery.
"Trade continues active In the man
ufacture of electric fixtures nnd elec
tric supplies. The volume of business
shows approximately 20 per cent In
crease ever the corresponding period last
yenr. The outlook from the stand
point of demnnd for next year Is en
couraging nnd Indications nre that the
demand will creat ndtanre in prices.
Many manufacturers in this line nre
claiming that recent and present prices
are net In line with cost.
"Producers nnd dealers In cement,
snnd. brick nnd kindred trades nre in
receipt 01 large orders nt iirm iiricca.
The open season hns kept building op
erations nctive, but there is niitlclpnted
n temporary lull ns certainty of winter
weather approaches. The coming year
is expected te show still grentcr activ
ity than the present. Shipments of
material tire net yet In satisfactory
shape, hut there Is home Improvement.
"Heavy chemical and dyestuffs ure in
fair demand , prices llrm nnd prospects
encouraging.
"The paper market continues te Im
prove. Seles are Increasing, although
buying la principally ln small lets for
Immediate needs. Prices are inclined
te advuticc."
P. R. R. Shareholders Increase
The list of Pennsylvania Hall read stei It
holders Klumcd h khIii ilurln thn nietilli
of November, nfter night co"-- iitlvu inunt n
of decreases. Total en December 1 uhm 130.
tiy'i, uii Inrresse of 505 ever Ne'mbr 1.
but a d rease of 3701 from Iicremlx-r I,
1021. With the dtllne In Pennsylvania
shares from Bn. which was touched Inl Inl
lewlnif tin, ri-etoralleii of thn ijuare rly
dividend fiem 1 te l't per rnt, odd let
huylnir again berame pronounced Stock
holders ten. hed thi-ir !'sk en March 1.
1022. at 141,021. Avcragu lieldlnx en D
enmbr 1 was 73.0.1 shares, as rnnipnri.il
with 73.3." en November 1 nnd with 71 12
en Dec-mber 1. 1921 Distribution of "te k
with comparison with year age fellow-:
I'ennsylv'an n 17 52 pr cnt, Ini return 2 39
per rent. New Verlt 23.10 rx-r cent, 0
i rease I SI
cent, rte
tjr ren
terms
cent.
LONDON 8TOCK MARKET p
Repurchasing Improves Oil CI reup.
Dellar Descriptions Featureless
Londen. Dee. 22. -- The sleck cxJ
change markets generally were stagnant
today, anil the attendance In the house)
continued small, ltcpurchnslng caused
nn improvement in the oil group.
Iteynl Dutch was III, Shell Transport
nnd Trading, 4 ll-HJ, nnd Mexican
Kiiele. " 7-1(5.
Heme rails were euiet nnd chnrscfl in'
prices were mixed. Dellar descriptions);
were featureless, around previous levels.:
Aruentliii" rnils were hni-dcr. Thn clU
mIi'ciI division was Nteailv but idlej
French leans galtud gieiind in t-yinpntltyi
uilh l'uriM.
Seme industrials displayed firmncfs.
Hudsen's Bay uns 7' . Rubbers held
well, being helped by the crude article.)
Kallirs, wlille quiet, were mere staple.
Cllnchfleld Ceal Decreases-Dividend
New Yerk. Dim 22 - I'lin nim-hfteld Cent'
Corporation has di" lare.i it iiivldend of t
1T i mt en tlie ininiimn. pnvalile January
1.1 te ste.'k of record J muary 8. en Heiw
tetnln-r :id i. f!lvid,-tiil of 3 per cent was!
paid en the common
nt. New Verlt 23.10 p.-r cent. n" " TUI '
t SI lr rent NVw Enifl.inil U W tr 'H'c"d"t 17 H t
leLr-ai". 0.5.1 i-r cent femlirii !'' I H ""f", MS, ''
nt. ln.rn.ie., 0.78 per cent, and s.h'- ",'',.,,' "i JwcTal
13 72 ,k r cent, decrease ("0 i , .jV mwnln. in"t
f ,!.. T tf 41 Uf IV
i.1,1 Jl.F.l I a r.. .".- .1
t -. ...-I.I .Hurl., ,,. rtnm r.nnnn-i.l
Claicncn K. htreit Intimates that Turkey i
nan te tieip i.nviini minor miner
devuKd te Foreign Nawn ,
i Miatciiea or in, nature-
the 1'LiiLie LBDOia. "Make!
It a Habit " Irfv.
eAre Yeu Interested in Securities of the
PENNSYLVANIA
RAILROAD SYSTEM?
DID YOU share in the consternation when Pennsylvania was
forced te cut its dividend from 6 te 47 ? Did you share in
the relief when Pennsylvania restored its dividend from 4 te 6?
De you knew hew the Pennsylvania Railroad has grown te be
the biggest system in the world and yet owns practically no track
outside a single state ?
De you knew what parts of the system are owned, what parts are
leased, what parts are stock-controlled ?
De you knew what lines are Pennsylvania operated, what lines
are separately operated?
De you knew the full damage that federal control did te Penn
sylvania and te what extent it has recovered?
BARRON'S
THE NATIONAL FINANCIAL WEEKLT
will publish a series of three authoritative articles, beginning next
Monday, telling the story of Pennsylvania, its leased and controlled
lines, from the beginning te the present.
The articles will include an original full-page map showing the
actual ownership of the different parts of the system and an ap
praisal of the position of all important stock and bend issues of the
different companies that make up the system.
Wace your order early with your news dealer
If you prefer, send $1.00 and wc will mail you direct the next six numbers of
BARRON'S. If the Pennsylvania articles alone arc net well worth the dollar te
you, it will be cheerfully refunded.
Editorial and Business Offices of BARRON'S
44 Bread Street, New Yerk City
In Continuous Busmen
80teaaMm
MOVER 6COV
IIankbrs & Brokers
Ml Cti4,rrntTt Rtrwt
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Amcr.Rri. Lynchburg & Roanoke 5'i 1930
Wilmington & Cheitcr Traction Ci 1923
Indpl... New Cutle & East. TracG's 1932
Hetel Tratmere O'i 1927
Coniel. Traction of N. J.. 5'i 1933
Montgomery It, Water & Power 5'i 1943
Public Service Cor?. N. J. All lnuri
SAMUEL K. PHILLIPS & CO.
Members Philadelphia, Bleck Exchanse
S07 CHESTNUT STHEET
Safe Bends for Investment
Halsey, Stuart
& Ce. Inc.
Uarf-nttaBUa. TeJstsa. U 74M
KEWBURGER.
HENDERSON & LOEB
Members New Yerk and
If There Is a Market
We Can Find It
We held sales of stocks
and bends every Wednes
day, charging SI.50 en
trance fee for each item. Our
weekly catalogues and post
card eervice reach every mar
ket. We tahe plcasure in
furnishing quotations
Barnes & Lefland
Stock ItrMers nnd Anrtlenrere
147 S. 4th St,
GEO. A. HUHN & SONS
Members et the Phllsdulplila, 1,'nw Yerk
ana Chlcure Stock Lxchanitei
.ifiv,P.rLCet,m Eiehanire
STOCKS ct- HOXDS
liellevue Court Jiblff nil Walnut Bt.
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bought of S. V. Strau, cV Cn.t W,l.. !
our booklet Q-2 and learn the rcaten why.
1SS iv-im. S an0e Certifled Public Accountants
1512 Walnut St. Drexel R.,:m; pi.:i-jil:.
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He AWw Will Learn
WIEGNER.ROCKEV&CO. S.W.Straus & CO
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1617 Walnut btreet, Vhiladelphla
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EDWARD LOWBER STOKES & CO.
INVESTMENTS
20 Seuth 15th St.
PHILADELPHIA
LEE, HIGGINSON & CO
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