M
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' '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
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l.-.e
lie
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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
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l'i
21c
-e
l'.ie
Hi'
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it
174
17
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40c
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117
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173
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32c
31c
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linn All ..1 Paik- r Ss sn
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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
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''"'..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'.,
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inr, "" ' ' I. "I 1"2S
'W Va uiihi en 7
ll'p;
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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
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m.
fat"
e-
,.D.
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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
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lul'llkl
IN
" " "m. "! HV
"
- r . .