M t -re'pp .....'. imp .eritur ;k r777 tjrtii "'- Pw- .' W T. .V C',' ,?,KV- ' ' i'var " " I V . r X It. W ' - i' A fr assVUn- ,pt ' 'V EVENING: PUBLIC LEDGER-PHILADELPHIA; THURSDAY.' DECEMBER 28. r - . --, ' moo J-lW- ,'-' INCUNEDTO WAIT justness Shows Marked Drep n Volume Industrial Croup Narrow i. r. or rriin pnrli mnr Kr lern. "' -" , V rtntlnne'l Irrr-ciilnr nfter the open ,. with tracllnB fnlrly lu-tlvc In Knets. 2,.'n1nr3 Oil of Kentucky vnH one pf Krene rcnturw, n.lvnnclmr 2 polnte, 181 while Cities Service, after nn ' '0f 2 points, subsequently broke M" . .i...,nu T.rntlier wns mere Live at nn n.lvnnee of nearly a point. K" . i -.. nnmtinrntlvplv Mining H"n" "- - . . .- 1l.a- AlintiitAd quiet villi enl "" -"""" ltlBh I-ew l'.M ...-, r-nnl 7ne 117c 70c H8Blt$-: y 1 4(H) Cur I.IBM i,3. . ii sr?::: $ & 100 chicnK" ' ',?,1,e a i ni ' a i ,bGr::::: k k '400 Durant Moter .... T- ,'VJ , jiWDurnnt M?tf lnl. -I -l -1 ?XnOoe,lrarTlro.... N SO()Ooe.lrr Tim rf.. 3n .in 30 femaSI fflr..".:: jsj y-J jg ioeMarllnKlroArms.. JS . Jj 4 I0D .Mercer -Moter ..... 2Ji S;S . 100 Merer Met v t c. Hi ,r,'t ,tf :.nlMb..M ia4 tan 1 mrlei" Moter .... 7IJ2 TIJ 74J4 tnoi'heMilx Hosiery .. 34 Jl's 34 W UTOORadl" com ; J -I "Art., ti.tlrt nri.f ....... J41 -St -tri Toe Tlci" ttl Candy .... 2 2 2 400 Tell I're.lucts 5 n" rj6 M T.mM Ship "7 r. t, (no I'n l'nif Shnr new. ri fi'4 eH SOD Un ltet Cnnilv .... f J ' 100 II .4 l.lfht pref.... 1"4 1 IS 50HI- ri LlUht com... 1A ,JA 1A lien Mtal Cars e ..Je ,..e 40UVlnther Moter .... ' 0"i ,i STANDARD OUJ nn A.,l.Am Oil 17"1 17'i 17'i Ann AtliiMli. I.el)C3 0 II 0 LONDON STOCK MARKET of .lemestlc lines. Price rlmnnPB In Argentine rnllB were narrow and lr- List Generally Irregular Gilt Edged Issues Mixed Oils Steady Londen, Dec. 28. Cenfidence pre vailed en the Sterk Exchange today but the markets generally were Irregu lar. Heme rails were firm, due te a mere optimistic feeling bimcd en the Impending administrative regrouping (tilt-edged Issues were Inactive with quotations mixed. French leann were steadier in sympathy with l'nrls. Kaffirs showed improvement en buying by Johannesburg interests. Hubbcr rallied after profit-taking. Oil shares were steady around previ ous levels. Royal Dutch was 84. Shell Transport and Trading 44, and Mexican Eagle 2t. In the Industrial group, (here was n further display of i-iji'riiiiiiii'nH. jiimsiin wiy wim ivy. Lecal 'Change Open Next Saturday Oeernnr of the J'hllnijelphln Hliick llx change rt their meeting yentenlav after. neon, voted te mnke the membership lue, amounting te JI80 a year, pnj-able aetnl annually InBtenrl of nnnuatly iia hereto fore. It wan derlilecl almi that the imunl fennlen of the Kxetinnitn will be held nn Saturday next. Inasmuch n the fixchnnKO cloned en Halurday prcoeillnic ChrlBlnm, It has been the (CenerHl exprctntlen In the Htret that them would be u holiday en Saturday. December 80. n 1 1. MIL M ! M.ll jlujJUCKfjn - -J- -,.: 8 lihShV I inyji ifieii iM 400 Intfrtmllenal I'ct .SO', L'0 J04 10 Northern 1 I 10 110 110 MMuth Inn Oil ..1HS IS". 15.; "-. Seuth 1 Ij Oil (Ml (Ml lOOWanJOIiyel Wl. BO'i M.J4 W.JJ 5d0 Stand Oil Knn w 1 -ta1 I3U jjl'-i h ?.!?. .M?..W,M.J? ,SsTi i3V llll' sr. "",;...." iai IB uu r.iaii'1 uu .j ';. S.Aft e. . nil ln.1 ..11T . ... I r.n NT V ... I .17. 4 1100 Vaiuuni oil w t.. Uii -' indi:i'i:ndiwt oils JiJOCarlli Snd Se Cities S-enli" ...1 JOOCItui Sunlee pr.. )..; 100 Cl'lei Serv U ctf. 1",H MiO C'rt 'li iyn 1! 100O CUihlnc l'ete .... . IliU') Knulneera I'ct . ... Iw 1100 I'cnilnnd uW TOO Ou'.f Oil l'a SO3! 100') Keiten Uanser.. "se IHiOKIrtn IVte S'a Blilll.lllnKM.lll l'Jt .... 0..0 3i)0 Iwrv Oil J'i lOOMuuna Oil 1 (TOD Miminili "!.. tee MariiCditie oil .... 1.1 JOOXIerrltt Oil SU 100 .Mex H.iKle 10 1J0D Mexl. e Oil ;'"- 6(iil Mountain I'red ... IS llOi) MuiujI Oil 1 :i'j "r US 1 ll'i 1'IU lU'J .C ...! v t....... ttiyj ' .Qmi vii jineumar un 800 Pennock Oil . . . ITOO Itan Cnnx 100 Suit Cieik Cutiii. POO Salt Creck I'rea.. -Hi iue sapulpa ltd i JlfiU Sltr.ms Tct Ill' LI lijfli south, in 1 It.. 7 I. 1 flll.1 Slnntl. St.'ltOH (111 .. 1S1a ll I'lOO Texm O &. Ij.. 00 Tinman '.'10 ll' nx Oil 100 Alan-llre Cel .. :noArle Am . . . 100O lilK I. de . I600O Heit Mem Ceni ?AH l.n.t i.ln I'll.. .'"Li......... .' . 3"U0 Ctimli '.iru Mln (M'J Cens Ne Ululi '00 font Mines . . . lnOoCeik 1'iev .... 10OO Certez KM .fti i-..i.. i n.i.i l IV A'tl.lU l lUl .... .' If 00 De.m Cens Tile lOOn Dlilile Kt 10" 2201 Dr.Ien lielil Ole S'Hiu i:i Siilimler 1'Je l-it J '' "le l.-.e lie l&a ('U 1.1 IlllUller .IC 7ftfle F.ureku Croesus . . '-'7c intjn Klrsi N Cup 3q ISeiiii Ki lun.i Uli iO.je (l.i ,1 Cens ik .'IKlillli id lVcp Hie ')ni C. Mil. Id P'er .... -'.".i jnu un ii .Monitor .. Imi He ' i Ml IW'iHI.l 'I'm) Nev ... .'("' 'lei Incur Tufiii ltvi ii mlent Iid. men i. in, . ... inilll , rr.i l.lrLar.,,. 1000 I, Hum. Mill limn nine htar I.lOQii Wusli Mln I ""' ll'l I 111 ..., t'i nonunion , 30" N'lI'ldKlIlK lli)D ni.,, dm . . .. 1' (i lth llerculej , . . SOftil Uli '.ine.id Cep . . litiiii Sim i i ,n1 jCfnil Mmi Mil i Mlnen Am e.iti, k . ....i.. ,i "He .,i ! hen, (!eJ , 311" T KuisIieh .. Uiii T...i ... ... itl,i.l.. ,3'lOTU' IM1IU1 . . . '. .in" I ii. i il raptern . 'OUD 1 . Continental . 1"0 1 nliM.l Vcrde ... 100 1Vsi llnil dm . . h 1'. 1111. I'"e 310 "ia ImJ ii ."..I. l'i 21c -e l'.ie Hi' i(. Sh ine it 174 17 17N !!' -u 1H2 HI no ;e J 'a 05c 1U 1 4n; i:t- s 10 nu ns iis ifu -"'0 1A UU 3'. 3 He 40c I IP. 1 "' 4.-13c 'J'M! 111! 1'i ir lii, 1A 7Se Hie H3e 3c 2ile aiie ai in id- 24c iV 117 17 12 'i r.'i 173 H7 2's lHe liPt SO i 2e I 2'j 1 S."n l'l 1 '.a 12 Kl.i. :ii "tic llu .Mr l'l 2U 131 N Hi 11 4 C M ) 3'j 2ilc ll. ll'. 1 11U 2Uk 3 l'l He 17' 1'iC 1 IP, 1 4 c 13c 2 '-j 2-i. lie ,". ir. 1A 3C 7Sc 10c ille 3 c 2flc 3uu 3te lie Uli 21c r.c H 1 12', 32c 31c 2"c Ce He 2He 27 r.ie l'l 21' Ik. I in- Ill' S4. rev ui i ii.- iii Mi l.lii f.2i 1. I'n- "i. "r IIONDS linn All ..1 Paik- r Ss sn j""'i A iiiipiiiini Ts, "2,"i ldll'i feini Mm, ilium 7. '33.10.Vii tnen ui .li . Kl ll. . PT'i ll'"i n Sin lt..f .In . HI'', S'l'iiAi nula 7h, 2U.lii3'. ;ii 'i n i . mln lis . . . .in!0, JOm) Am. ..-Alii Oil 7las.1(l3i L'""'''H'!llli'ir .V CO (H.,lll.l'4 p'1)1"! a ii , u- i n, . r.L'i, IJn lli Ml .steel 7s, '2.4 HUN l"0e li, n St. el 7a '.1S.102 ''" C .ii Net ltv i:i 5s HI)'. S.-.y.. i i i.rapn "x etr . yn iniiin tlr.iph h. rt ctf 21- .ion cn ,j,lH tntt - ,,,-jiOiiCe-i (Lis li.iii ii mat. J'l'li'i en il,i. Halt ',!,, im ' j''l ' tc (1 in Os 101 ln; "'nut i;il tin l.l'C'i BJOiiOiH,,,!,,,, T ft lt 7i) jt. ''"'..in A ph.it S liil Ili'.Dli 1 iu,i,i,rr 7, inn -oeilll, mnj v,i,..j- ,u linn. 400) j,,, r j, T SjJ ctf ? in?)! nnp " '" 7-. .in-. Urn. '""il-1. Oil 7s ..Hll Old I'm, ,s , s- j T ,...' tetr.1? l'',rl,IH n'4 -l"f,i .'ion s f) v y -H ..:- ,yn; ''sn-, v 7. 35' ,,71? ffiiJiJiYT.?.? !!7'., i a :z..".y.y ' j it. inr, "" ' ' I. "I 1"2S 'W Va uiihi en 7 ll'p; imtni.v iiemia eSn rr'n ''. I)r,u r" 1 '' ''' "u.iiijh il', a . ii ' French R.-inU Rii-in.ni i. lJ!,i,,)c . -!?'"e weekly Miateinent nf mni ... ".' I'r'"i'e Mum,, iliu fellow Hit; iinii rcr. d1 ,." 1;,,l;',,l 2NS.H72 HDD. tnhHiiiea b thi i'.. .'."V1 'In I'-mk mlmiii'Bl jni'R miY en te a iiti:i snmei,? In Kl?n,tS! "p-"r' ,:k'a', he ! cap. areeunt,.,,, 1 there, cninpellilen.. Ker iy. V.h .i' "" " .enoia.ne pen I'M.," "Vififf ? ,? V i'WMO " ii' ir in k (i,.,i 1Hn, rr.-.ied ii. ... ". 'r "i linil'l inii'.is. ihil.uiin, '"ifur i. """i. ni jnrnsiHi.il (lii'.i i ll.inni, i i i Um .."' """. .'""'" !" !enunli, mir. an l,, Mll,ill, lillla '" .IHtU 'Mill 11,111 mill - - '" ll nil. n WAR SAVINGS CERTIFICATES Series of 1918 MATURE JANUARY 1 1923 U. S. War Savings Certificates, Series of 1918, mature January 1, 1923. They can be cashed (subject te Government regulations as te iden tification and registration) for full face value . at our office, Fourth and Chestnut Streets. If you have any considerable amount of these , certificates, we suggest that you discuss at once with our investment experts the matter of buying ether sound securities. We have no bends, stocks or mortgages of any kind te sell te our customers. Fer that reason our recommendations are unbiased. That fact illustrates only one advantage of having Provident Trust Company of Phila delphia serve your investment needs. Our booklet, "Investments Demand Expert Ad vice," tells mere fully of our service. A copy will be sent en request. PROVIDENT TRUST COMPANY OF PHILADELPHIA Fourth and Chestnut Streets Capital, Surplus and Undivided Profits if rs - - i T U " ' . .a. ma- m a t L.tn- ihew amount - am "", !Ti: invested tnentmy ft ACCUmiU rea- 50,000 . fl ceugn y n --.I AH O - H' sev Te Ac .. . m r m c T " m ' . ... .-alllt- zr 5aKs'-' cutnul 100,000 IIAtflBY, STUART CO., I ifHi Thi .soeoej Joint Stock Land Bank Bends tiI, Sum, Munidpd, mi Lecal Ttucba ; FEDERAL FARM LOAN ACT Dtu 9-1.1912. Optie 5-1-I9S3. Optie -l.lJJ,kOptle ;opei J5J.1 el htf. AnH 4tr w .LKitB! ivBHlBBBBBBBBBBBKVBBiBBV i ty Jest H 3? ia i- ' I -, Fourth and Chestnut Streets jp . ZJ Capital, Surplus and Undivided Profits yJr J Mere Than $7,000,000 r0 CUBTRACT you x"' -hir of .' 'J.ifhrTmoeot Mce I I'n A W- ACAll 1 $1Z Life III B:?H-7MIT"iHfl GUARANTEED STOCKS PENNA. R. R. SYSTEM 500 Shares NORTHERN CENTRAL RAILWAY Extending from Baltimore, Md., te Marysville, Pa., and from Dauphin te Sunbury, Pa. Leased for 999 years at a rental of 8rc en stock and interest en bends te Penna. R. R., which owns ever 51Te of the stock. Free of Penna. State Tax and Nermal Federal Income Tax 500 Shares DELAWARE RAILROAD Guaranteed 8 annual dividends by Phila., Baltimore and Washington R. R. and comprising 245 miles of read of the Penn sylvania System in the State of Delaware. 100 Shares UNITED NEW JERSEY R. R. AND CANAL CO. The most important leased line of the Penna. R. R. System, comprising the route from Trenten te Jersey City and affording the Penna. R. R. its only entrance into New Yerk. Guaranteed lO'-'e for 999 years. PRICES AT MARKET MORLEY, WOOD & CO. 333 Chestnut St. Members- PhlUdelphla, Pa. New Yerk Stock KxchanKO J'lillurlelphla Stock Kxehnriffn n.ll, Tembard 0472 Keystone, Main 488G Edward B.Smith &Ce Members Philadelphia and Xeu Yerk Stock Exchanges Investment Securities Corporation Financing Commission Orders Executed 1411 Chestnut Street Philadelphia 5 Nassau Street New Yerk e1 e. BOt ttgvrfl it,x HV OH" 1 1Z att' MVw- ' S'i ! m. fat" e- ,.D. l t'!A 7" t) 'Is &I -. op r c'i 4"rc." -p-- Vtn -erfv. ' r4tr Ct?. e A Boek "Yeu Should Have 0 for Planning 1923 Investments THIS booklet represents an effort te bring the well informed service of our organization as near as your mail box. The information it contains is extensive enough te have application te widely different individual invest ment problems te be useful te the experienced as well as the beginning investor. A comprehensive list, with descriptions, of Govern ment, Municipal, Joint Stock Land Bank, Public Utility and Industrial Bends, is arranged in groups, each prefaced by authoritative comment regarding present market position, etc. Other topics covered underuBend Brevities"are 1922 At a Bend Year rA Loek Inte 1923" "Buying Bends That Fit" "The Strength of the , Utilities" , "Improved Outlook for Industrial Bends" A 'What of Foreign Ben.dt?" "Tax-Exempt Bends Are Still Attractively Priced" "Planned rt Sporadic Invest ment," including Chartitotbexv what amounts invested yten atically are required te accumu late $25,000, $50,000, $100,000 and $200,000 i n bend, ever vary ing period, ei rim (at rate of 5 and b with Interest thewn segregated from principal). "Diversification" WithspeciEc examples, ler tne investment ei funds in amounts ei $1,000, $5400, $10,000 and $25,000. Send for This Booklet Yeu wQl find it much mere helpful than the usual list of January bend offerings. The memo for requesting this booklet is handy takes little time te fill in and mail. Write, call or phone for Booklet PASO HALSEY, STUART & CO INCORPORATED Land Title Bldg., Philadelphia. Phene, Locust 7410 DETROIT MILWAUKBB MINNBAPOLIS ST. LOUIS CHICAGO NBWYORK PHILADELPHIA BOSTON 'On. . 'e - - W . - J . 'i'.:"Wi airs. nn 'u '.'' I),. 0. ' 9P V - - VIM BONDS POK INV Foreign Gevcrnmelit FOREIGN BONDS? re proneur tf". 1 ncipal i nun ilaas i7 1 "--ilN vtlQS t 3"y rnlJ-L, ail te is tyMail found nv nd ioeS, t vUhnu"? suited 7' ", . eun af" .tS!SS.Z faiGSft pi,..-''un.anrl ,u. V "i In J,-n wrecQmr",:,n?uia mail can Kern, ..TSruarr . byn T !r sJ?' te unui; tLuc? sale. nL ed aiZ;.!?1 buyer fPfaad --Ul uenven- fWJ' e rialr. i?eredI2A.a.,S D7'e.r: ' t . -. III1V aV. t . w k.:' "" or bant full di-r.;!. '"'mest. deiivP. -- , wn t "" ? ten. threuaA sseBaaaiaijak,i Mail this Meme Husci. STOART e CO. I'lr. i ir .etui mp eepv nf bum. t I'A-HO. "Sufp UunUi fur It., raiment." &Camt- 5frsr CZql. What Are the Facts? POOR'S Financial Services Established I860 Oldest Manual Publishing; Company in' the Country Manuals Rattan Service Peer's Dally Digest Service Individuals, institutions, financial houses and banks throughout the country consult Peer's Manuals of Industrial, Railroad and Public Utility Corporation for dependable statistics and rely upon Peer's Rating Service in determining relative values of stocks and bend. Our services are available for your use in leading banks and investment houses in Philadelphia. Peer's Publishing Ce. 33 Broadway New Yerk Demand Peer's Ratings Active Markets Tayler Wharten 1. & Steel 7i, 1946 Abbottt Aldernty Dairies com & pfd. Pirtiburgh Trac. Bends, all ittuei Menree Ceal Mining 6t, 1941 Citizens Cat Indpli. 5i, 1942 Union Trac. Ind. 6i, 1932 Wilmington Gat 5i, 1949 Empire Rfng. 6i, 1927 NEWHALL. GROSS & DIFFENDERFFIIR Members .N e te l'erfc rf Philadelphia fileefc Rxchanues REAL ESTATE TRUST BLDQ, PHILADELPHIA WANTED Commonwealth Lt.&.Pr.7 Netes(extd.) 1923 Interstate Electric 1 Notes (extd.) 1923 Commonwealth Lt. &. Pr. 1st 6's, 1947 St. Petersburg Lighting 1st, 6's, 1945 Interstate Electric 1st lien 6's, 1933 Clearwater Lighting 1st 6's, 1936 Tide Water Power 1st 5's, 1942 St. Petersburg Lighting Pfd. Tide Water Power 1 Pfd. Interstate Electric Pfd. Interstate Electric Cem. A. E. Fitkin & Company Bosten 141 Broadway, New Yerk Les Angeles Chicago ERNST cS ERNST s AUDITS COST ACCOUNTING METHODS TAX SERVICE 2023 LAND TITLE BUILDS?.' PHILADELPHIA lephene Locust 2681 BROOKE, STOKES & CO. Investment Securities Philadelphia Washington Baltimore Me.F Kan. & Texas Ry. All Issues Wrn. C. Orten & Ce. 54WallStN.Y. Tel. Hanover 9690-9697 S.U'L.HiilliillUl,"ri i, " r '"' '''''I V "il'' I WE OWN AND OFFER , g Consumers Power Ce. P Indiana Service Cerp. is Louisville Gas & Electric Ce. .1"' Wl'l',1,11 e.W.CIarhsCi BANKERS 321 Chestnut St., Philndelphia Established 1837 Meinliert New Yerk and Philndelphia Stock Exchanges te 5's due 1952 5's due 1950 5's due 1952 Southern Oklahoma Power Ce. 7's due 1942 Circulars en Request I ARTHUR PERRY & CO. 1 . BOSTON j Investment Rands i New Yerk Lafayette Building, Philadelphia I'rovldence fewiiailllMlllllllllllliriHiWillMinr" H' Hi mIiII'ii'I" I ill. i MliP 'Hl!lllllllliHI!lll!l!lll mlUVII'lillilU, iiiiiiiiiiiiii:iiiiii.iii..i:iiiiiiii;iii!iiig INVESTMENT BANKERS Ara nn ri,iiieniiln'iiiK . . I hhi in veur orK.inl7-nien'' 111. ,rtlr"3 nf a l'l' nijri'v ,,K,, rri' ! f'H.hli'r lie ril, ,nntnur. i iiilnvl Hinnuii of i.ip1mi .it i rili no ii ;.n, i.i:ni,rii hi in i: Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS 160 RKAL rSTATE TKUST BI.PO Jmi-i.tn.-Ht, ami ii.Hu.i L.iti"rutlin no I rnrtn. r ip a.'. .. ml-, nn I vrenut Inienit- Ui Hi', urn. -V investments Baker, Yeung & Company JOMJ'II U. M 1, ,lr M.iuusrr Land Title BldB. Bosten Philadelphia Cadbury, Ellis &. Haines InvQtmctit Securities FRANKLIN BANK BLDG. Philadelphia Mtmbtrt Phihdtlfhu Stcxk Eichanff HAROLD TEEN n n v TT7 rr -T-V J feAra ) I I MESlfeVrtb u fe Pi) '" ' JaBBBBsi ii T?n0 THIrJic, THeAA-Xs' IF- Wa 6Heuld rvA6Tera. THrVT MSTRuKAtMT 50rA DPsV-THekJ Veu uaxjldmt Aefp! O, te He a King of Jazz! i20eD AS PWJL QIES6., NN 6eMMft (jEX UP O. Ha-lt. eVMTQA of rwv eiyj ; I fi n. n v.( VuWe CfvsTLu But U I - ' -Te TMg- fVAVHOfM.UJrAP,T J i fiV ' fCer5ElWiI ra-Te Th- fcl j PlAMO-OR. ELrVAANlTe i -, ' TV 1 V I "Twa VieuM , y .tk i,L fc. y x i r it vx - - v i t h ,n t- m m Ii ,31 ! LI rt lul'llkl IN " " "m. "! HV " - r . .
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