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A Cordial Bank depends not so much on smiling faces as upon the will to be helpful. GARFIELD NATIONAL BANK 23?0 STWCST.WMSRt FIFTH AVENUE CROSSES ?ROADWAY Bond Market For the Week Government and Municipal Bonds Week's .-19-J1-y f?tes. close. High. Low. I?7? C ? Liberty 3%?...87.46 9:*.so 86.00 JS do "?jJ reg.87.40 92.24 86.14 J do lat is.37.90 88.39 S3.34 ; d? [*....87.4?J 87.70 86.50 ;9 do 2d 4a.87.80 88.10 85.34 11 do Cd 4.? re*. .. .87.70 87.70 84.34 JC? do 1st l%3.88.00 88.70 85.40 6 do 1st 4%a reff..87.64 88.30 ? X do lst-2d 4%s...95.70 100.54 94.00 1044 do 3d 4 As.87.94 83.40 85.30 4 do 2d 4%s ret*...87.68 SS.10 85 50 S3*4 do ?d ?>'?..!?.92.04 92.12 88.00 128 do 3d 4^s reff...91.84 92.04 88.40 i??l do 4:h 4'<s.88.13 83 60 85.34 -4 do 4th 4%3 reg. .87 9S 88.36 85.40 W>H U S Victory 4%3. ..99.04 99.10 95.86 ?5 da 4*. s re?.98.8S 98.94 96.80 I29S do 3%S.99.04 99 08 95.80 7Argentine Qovt 5a.... 71 7?% &i S7Chinese Go*rt Rway 5s 48 H 4!? 40 ?CHv Bergen is t reta. 100*4 100% 93% 4S do Berne Sa.loi % l?*il % 93 JJ do Bordeaux Ss. 84% 84% 74 36 do Christiania Sa. ...101 101% 94% ?9 do Copenhagen 5%s. 7?% SO 7: 15 do Lyons 6a . B3% ST 73*^ ?75 do Mar? LI es 6a . M 84% 74 n: do Parla 6a. 93tf loo 94 20 du Tokio ?s. 65 86 43 72 do Zurich Sa.101%1?1% 94% 71 Danish Mun 8a ser A.102% 163 95% 49 do ser B.102% 103 95% 3! Dominican Republic 5s 79% 83% 70'S, 47 Dom Can 5%?intS '29 94% 94% 87% 23 do 5s 1926. 94 96 85% 49 do 5s 1931 . 90% a? 83V* 4fi7 French R"pub.ic 8s. . . 101 % 101 % 96% 1355 do 7%a . 96% 98 95 42 Gov of Swlta Ss t rcts.107% 107% 101% 41 Imp Japan 1st 4%s.. 86% 87% 75% :,: ?io 2d (%?* . 8?% s? 76% ;S ?io ater loan 4a. 72 73 56 ?06King of Belgium 8s. 102% 102% 96% 305 do 7%a .103% 105% 95% UJ So Is 1925. 93% 97% S7 HI Kingdom o? Den 8a...103% 104 95% 2K Italy, 6%a '25, sr A SS ' ; 89% 83 41 Sing ot Norway 8s...104% 105 96% SI 'io Swh 1er Rs . 90 90 81 % 2"0Rep of Chiln ? s. 9i 99% 92 in Rkp ? '04 .76 % 8 ' A 76 1? do 5s. 1914.7 s 80 75% 5 do A-.- . . . 65% 71% 5-* l*3R??j of Uruguay 8sA... 99% 99% 98% ?58<*f8aii Paulo af Rs 98% 99% 94% H'K O?!: ? ? 3 r..K '21 . 99% 100 97 ?US <\r. 5%s, 1922 . ... 98% 9 ? ?> 94% Tli kji 5%s, ' 929 '? ? 91 % 86 7 S9% 89% 83 "" ! S .?f Br . - ; ; Jon ?nr -, 9714 6-'5 US ot Ml ?tico 5s . f. I % 55 40 fl 'n is .19 r., 41 28 ?NYC 4**s. '57, Nov.. 90 96% R7% ? ,ln 4 '.. R, : . .?l .-. . .V. I , ?? \ 1 do 4s. 1955 SO 3 do is, 1359. 81 M 79 Railway and Other Securities ? Adams Ex col tr 4s. . 01 62 a 56 a ' .<??!. Gil ? ?? rth 6s sr A 14 19% 10 1 Albany ft Sus 3%s ... "0% '.' % 68% ? ,\: -:? Agr ? ?h A 98% 88 ' : 7%s . f% 92% i Ani-r Cotti 1 ? 74 77% R5 iOAn-:?'- Smelting 5s 78% 79% 75 181 An?-??- T & Tcvl 10 % ?? '? '? ? do col tr I *, S3 77A, cvt 4%s. . .. . . col 4s- . 82 82% 73% Is. .... . 72 7 7 ?; H Amer Writ Pap s f 7s 7'? 76% 67 37 Armour real est 4% % 75 94 A T & S F gen 4- 78% 79% 73fi 13 do cvt Is, 195i . . 72% - 67% 7 do cvl 4s. I9C0. . ' 0 gfi 79 8 do add -r ?'-?? 7 1 7 1 68 1 do 4%s 83 84% 77 3 do 4s, K Okl div . 87% 87% S3 Iv 72 72% '..i 3 do 7 5 % 77 % 7 'J % 4 At*? A :% R4% -Ar 7S..103 104 99 M d. . 80% 82% 73 '??? 7- tr 4s. . 7 re 7 4 1 v, n. 13 At; Fru t cvt - r 33 tIAtll . -.103% 102% 98 *. o?? a- as : wer 7 -?s . . r?s ?V3 I Baldwin -, ?3 ' <t 94 93 109 Ball 12 Vi 93 ??- 87% 49 do ? 72% 74 37, % 2-1* . 71% 72 57 ??o gold 4m. 7! 7 A, 64% M do r !% . S~ 87% 79% ?8 da 4h, TAW 3WV div. 68 68 61% ' do 3%s. P.T & M 1% - ? 27 da 4h, -, 66% 60% M v. 83% B3% ~" I ' ???- - , tl? ? 7 ' ', :.- A 17 A 37 Bel 7 st&rfg 73.103 1061 11 Beth Stel 1st ext 5a.. n I 93 86% I do ; " ?<.86 87 "7 M . - ?2% 74% 85 s ?4 81 JBkiyn 1 ?er C.100% 100% 95% ?d r D.101 '? 101 % 96 % 1? ?7r? ... . ' A. S3 83 76 MBklyn A3 A . 53% 56% 40 % 37 <]., ".,.<? ? .1 ,,. . 1 ' :, -.; -Q% '-' do 7s ctfs It.. 50 s.i A 1 do 31 % 33 25 lOBkiyP ir, ?5I 1st 3? . R8 % 68% 5M 7 BujT Roch & i' 3 93 89'% 13 Bush Tei - .77 76 67% 1 do r,,n 5s. 71% 72% 67% 15 Canr-tA; Southern 5s... 87% 88% 81% "2 Car thai 7s 104% 104% 99% 133 do deb 6%a wl.101 1"'. 96 % 1 Car Clinch? ild & O 6?. 75 76 6H 49C?*n?. of Oorgia '3s. . 93 93 81 % 14 i!<-, 1st 5s . . . '1 : 96% 88 M IS do 11 6s ... -?'i 93 -A ??Central Leather gen 5a 89 93 86% **S Cent! gtd 4s, 76 7 6 hoi? ? do gl I .. %b ... so 80 75% ?Cent ???- Short ?. 1?. 77% 73% 67% ?CRR&BkgCo of Oa 5a. 80% x:e 75% 3<"er.r RR ..' \- j r.s . D6% 100 1)2% ? cvt 8a. !09 11 1 104% hio con 5a... 'J 1 % 93% -7 - 1 cvt 5s.83% S5% 7'J From the Financial Listening Posts of Europe Paris Markets Continue to Show Strength Sign? of Returning Confi? dence, Prevalent Since Middle of August, Now Becoming More General Easier Credit a Factor Prices in Many Lines Begin | to Recover; Stocks Rule Firm in Majority of Cases Special Cable to Ths Tribune Copyrijrht, 1021, New York Tribune Inc. PARIS. Sept. It.?Pai-is market? con? tinue to show signs rf growing con? fidence, which have been prevalent in a few significant cases since the mid? dle of August and are now more gen? eral. At the end of the. week indica? tions pointed to the fact that the worst of the crisis had passed for most in? dustrials. An easier distribution of credit has resulted in a tendency to advance prices in many lines. Improved senti? ment in the great foreign financial cen? ters of New York and London, however, has served to strengthen present op? timism. Foreign stocks enjoyed a rise toward the last of the week, when exchange rates eased off. Russian se? curities, however, were stagnant. Ar? gentine stocks were also quiet. Rail shares continue in demand, re? flecting the improved outlook and in? creased confidence on the part of Amer? ican investors. News from freight markets has been less encouraging than was thought at first. Maritime stocks have failed to benefit from a revival in trade and have shown a heavier tone. Oil shares have shown renewed ac? tivity, and the improvement in the diamond trade has been reflected in stocks of this group. Outlook for British Trade j Gains Despite August Drop Handicaps Continue to Surround Foreign Business, but Improvements Develop in Domestic Lines; Unemployment Continues To Be Heavy Burden From The Tribune'e European Bureau Copyright. 1921. New York Tribune Inc. LONDON, Sept. 11.?British trade continues to labor under heavy handi? caps. When one disappears another takes its place, but nevertheless steady improvement has been reported. Ex? ports in August declined more than 50 per cent below tho corresponding month of last year, although they showed an improvement over the pre? ceding month. The series of unemployment demon? strations previously described in these dispatches has cause-} the government so much concern ?hat it has at la??t ap? pointed a sub-committee to investigate i conditions and report to the Cabinet. i The committee, consisting of Robert Home MacNamara and Mond Munro, represents all departments whose duty it is to reduce unemployment and it will undoubtedly begin an inquiry im? mediately. With well over 2,000,000 unemployed, arf against America's 6,000,000, Great Britain feels the effect of this burden severely. The leason for unemploy? ment is not difficult to find when one examines the purchasing power of most European countries normally large buyers in English markets. With i Polish marks quoted at more than 14,000 to the pbund sterling, it is ap? parent that Poland, badly in need of goods, is not coming to England for them. I Similarly, German marks, which a I year ago were exchangeable at the rate of 160 to tho pound, now are about i 360 to the pound. Even francs and lira have been depreciating. The moat un I fortunate feature of this problem of depreciated currency ?a that countries I most in need of British and American ! exports can least afford to purchase ! them. But if foreign trade is suffering un? der heavy handicaps, domestic trade is a bit brighter. Within the week ma? terial reductions have been made in prices of coal, bread and meat?, and other necessities are expected to fol? low in the downward movement. Bo fore winter the cost of living will be considerably lower than six years ago. The trade union congress in session at Cardiff has been considering many questions of national importance, and as this organization wields much power its decisions are regnrded with much interest. It sharply criticized nation? al expenditures for armaments and de? manded government investigation of unemployment. Corners in commodities were bitterly assailed. As the congress proved to be mod? erate in tone, it received surprisingly wide support from the press, and some of its decisions are bound to have a farreaching effect. The political situation remains sta ? tionary, the government'.7? patience in ; the Irish negotiations giving general j satisfaction. For the moment at least there is less alarm oypr Indian devel I opments, but Eritish manufacturers j and exporters will continue crippled by j disturbances in that section for many ! months. Exports of cotton yarns showed a de ! crease in August of 100,000,000 pounds, ! as compared with tho same month ir ' 1920, while wooiens and worsted yarn; 1 were lower by 40,000,000 pounds. Week's ,-1021-> j Sales. clos??, llinrh. Low. | 1 do rfff 5s. 8 2 S 4 79 19 do pen 4%s. T? % 77 71% 46 do cvt 4*.'.s. TO--,- 79'i 71% 11 Chi & Alton rig :?... 46 46<tJ 41 22 do 3%s .,37 88% 7 S ?H : 25 Chi Bur & Q g<-n 4s.. 60% S0% 7X % ? 8 do 3%s 11! rliv..'. .. 75 76% 69% ' 2 do ext 4s Nib div.. 90"? 92 86% j 3 Chi * Erie 1st 5s.... 78 81% 75 St Western 4s... 53 5? 47 % : 4 Chi Ind & I, 1st rfg Cs 9V><, 97 5 1V* ; 14 C M &- St P cvt 5s s B 66*4 72% 62 4 do gen 4%s. 76% 79% 71% ; 20 do cvt 4%s. 65'i 7 2 till 26 do rfsr 4V=s. E9 65 67% 12 do fren 4s ser A.... 69% 71% 63*4 26 do 4s 1925. 74's 78% 70 Vi, 4 do deb 4a 1934. 5S 6:t% 65 2 do 5s C & Mo R div 90 91 83% 30 do 4s C M * I? S a 61 % 65% 59 Ms M Chi * Northwest 7?..103% 104% 99'; do 6 '?s.102 1?2 i-i 96% 2 do s f os 1929.90 90% 89% 6 do Ken 5s 1937. 94 96 XX 2 do ext 4s. 90% 91 88% 22 do' g?en 4s. 77 % 7S% 71% ! do pon 4s reg:. 82% 82% 74% 1 do ?ren 3%S. 67% ?9 62'j 2 do4s Mil Sp & N dlv,77% 79 74 20 Chi ftys Co 5s. 6 1 60% 58 27 Chi R I & Pac fren 4s 74 74 6S 119 do rfc 4s. ?9 7* 69% ?4 8 Chi St P M & O dob 5s S3 64 79 40 C U Sta 6%s s C it c. 106 107 10; 27 do 4%s ser A... . 81% *2% 77 ix Chi & W Ind tern 7%s 97 100 93% 23 rio 4S. 61 % 62% 57 45 Chile Qopper evt 7s.. 98% 96 itd 49 do col tr 6s. 72 77% 66 I C C C & Ind 6s. 99% 99% 9.8% B0C C C &. St. L rfg: 6s. 93 93 85% 11 do deb 4V?s. 79 81 72 5 (In i?(?rr 4s. 70 7 5 65% 1 do 4a, C W&M div.. 67 69 6 2'?? 2 Cleveland Sh Line 05a 83% 84% 79 1 Colorado In dust 5a... 7: 74% 69 31 Colo & So rf? 4%s... 77 % 77% 73 2 do 1st 4s. . 8 5 85 77% 1 Columbia Gas 5s. 75 75 "5 irnbus .<7- 9th Av 5s. 12 19 12 1 Com-Tab-Record Co 6s 80 82 77 46 Consol Gas cvt 7s ...192 IOS 98% 322 Cuba Cn Sus*? c-.v db Is 56% se. 52% * Cuba R R 5s. 66% 7:: 69? ? 19 Cuban-Am Susr eel Ss 98% 102% 90 14 Cumberland T&T 5s.. 82 82 78 : Delaware ?? Hudson 78.104 % ?06 100-,4 i 40 Delaware & H tt 5s. . 85 ?6 7* % do "?i 4%s .78% 78% 7K 9 do r<-f 4s ..8 1 hi 7 4?% 44% '?9% 67% 2 Dea M i- Ft Dodge 4s.. 44 % 47 40 2 Detroll City C?as 5s... 89% 89% 89% 1* Del Ed Ist&ref 6s ? B. 90--8 91 86% ? do rol 5s 1933.89 90 86% Z do rfg 5s 1940. 82 X2;* 16 S 7 Det River Tunnel ?i'aj. 79% 79% 74 "> 9 ? roll Un Rys l%s... 58 62% 57 ' . Dlam Match d.-b 7%s..l04 100 102 i I : uPonl de Nem 7%s.. 98% 100% 96 . 9 : 7..-in 6s. . . . 93 % 9t 87 !, . Eh T v a ,<i Ga div 5s 92 92 87',* 49 fclrl? prior lien 4.s. . 7.7 58% 61 47 do :,-??n lien 4s. 13 45 3 9'j. '.? ? cvt 4s series A . . 27 40% 35% do ? ?. 1 1 sei ii ,-7 li. . . 27% 41 34% ?. t ?? serii s D. . . 42 45% 38% 5 Brie-Pe.nn col ir Is.... 74 75 72% 4 Brie & Jersey s f 6s... 79% 84% 76% Cen & Penln 6s... 95% 95% 89Vt - : Fla Easl Coast 4--.s... 74% 77% 71% 1 Ft W & Rio Gr 1st 4s. 66 66 01% 10 Freemt E & Mo V 6s..101% 102% 100% 3 Gal li.ius ??, Hend 5a.. 67% 07T* 62% :7 ; n Electric deb 6a. ..102 102% 90 j 42 do deb 5s.'.. 87 % 90 84 1 do 3 %s. 70 70% 66 1 Georgia Midland 3s... 62 56 60 orgia Pacific 1st 6s. 99 ?4 ?9 '? '?? 7, 224 Goodyear T & n 8s_102 103% 97% 41 G Trunk Ry of l'an 73.103% 104% 99% 5 Great Falls Power 5s.. 87 87 X2 37 Gt Northern is ser A..102% 102!j ?6% 16 do 4%S . 81 % 8 4% 77 6 Green Bay "??? W d ?b n. 7 s 5 Ta 1 Gulf & Ship Island 5b. 55 69% 64 2 Hock Val 1st con 4%s. 72% 76 ?7% 67 Hud & M ret Ss ???:? A. B8 % B9% 59 . , . ?7?? 6a. 43 44% 23 % ?.;.. . . ?"?:.*'? 10 : 100% . . 93 85% ; 50 do & 81 i .7 VO j 5s A 85 4 do 4s, 1952. 7'7i "H ?.. '. 26 do Is. 1957.72 ' ; 7? "., il'. -? ? x do rfg 4s . 78 % 76 !.; 71 % 7 do 3s. St 1. div .. . 57'* 58% 5714 14 111 SI el deb 4%a. 83 83% 75 2 Ind Steel 5s . 92% 92% 86 ? 63 Int-Met 4%s . 14 21% 11% .s ctfs of dep. 12% 19% 8% 346 Int.Rap Tr rfg 6s. 64 68% IS7* 82 In M? ? 3J 1 f Cs . . . 78% 84 75 1 Int ''ape:- US. ?047.. . X2 83% 30 2 : U.wa < ent rfg 4s. 38% 44 38% 80 iian C FtS <*7- M 4s.... 68% 69 62 !? in city & '.'.tr 1st 4s 58 7.X 31 Kan City Sou 5s.78% 76% 72% do : st 3.<s . 57% 67% 54 1 II kan City Tr 1st 4s.... 73% 75 69% Week's??1921 Sales. close. High. Low. lir? K-'.ly Pprlngfld Tire 8s 97% 99% 92% 3 Keokuk .I- Des M 5s.. 65% 73 82% l?Uoka Bteel Os 3 923.. 95% 96% 9 1 4 ?lo 5s 195 0. 75 78 70% 9 Lac Gas of St L 1st Gs. 76% 77% 68% 77 Lake Sh&MS db 43 '28. 87% 87% 82 40 du deb 4s 3931. 85 S6% 7S% 38 Lehigh Val!??y 6s.100 100% 95 1 U Val of N Y 4%s. ... 85 85% 82 2 1. Va! of Pa con 4%8. 78% 93 72% 10 Liggett & Myers 7s...108 108% 102 1 do 5s. 85% 8S% 77% 3 Long Isl deb 6s 1937.. 61% 64 57%. 13 Lorillard Co 7s.106% 108% 10" 20 do fis. 8G% 86% 78" 6 Louisiana & Ark 5s... 69% 73% 63% 2 Louis & Jeff Bridge 4s. 67% 68 64% 4 Louis & Nash 7s.104 105 100 9 do unified 4s. 83% 84 78% 1 do S&NAla con 5s "63 88 ss 80% 7 do 4%s L C&Lex div 90 90 80", 2 do 1st 4%8 M&M div 82% 82% sn 1 do So Moron jnt 4s. 70 71% 64% 3 Manhattan Ry ron 4s. 53% r.s 52% 28 do con 4s tax ex... 54 70 52% 7 do 2?! 4s. 43 -15 41 % 6 Market St Rv con 5a. .70% 7 4 6S% 4 Marland Oil S?. ser A . . 90 98% 90 119 Mex Pet of Del cvt 8s. 96% 98% 92% 2 Mich Tent ?leb 4s 1929. 80% 80% 74 1 ?io 4s 1940. 72% 78% 72% 2 Mich State Tel 1st 5s. 91 91 85 SlTVfldvale Rtel cvt 5s... 77 79 7.1 10 Minneap & St L con 5s .77 72% 67% K do rfg A. ext 5s. 40% 45 39 5 do 1st rfg 4s. 39% 44 39 156 M SP&S Ste M 6%s w 1.100% 100% 100 28 do con 4s. 81 81 7 5% 1 do & At 4s. 92 93 88% 7. MoK&T exl 5 p C note:,. IS 4S 2 7 13 do s f 4%s. 41 41 34% 21 do s f 4%s ctfs of d 40% 40% S3 315 do 1st 4s. 63V* 63% 55% 93 do 2.3 4s . 40 42 34% 96 do 2d 4sctfs Of dcp. 40 41 34% 12 do rfg 4s . 58 58 49% 49 dorfff4aotfa uf dep. 68% 58% 40 15 Missouri Pa?; rfg 5s 23 94% 94% 86 7 d?) rfg Gs 1926. 87 S7 81 % 143 do gen 4s . 54% 56% 50% 5 Mobile&O 5a Monte div 75% 75% 75 ;; do 4s.StL.& Cairo div. 77 78- 72 10 Montana Pow 53 sor A 87% 90 f: 4 Morris ?Vr Co 1st 4%s. so SO 71% -i Naah Chat & StLcon 5a 93% 96 85 2 Nat R R of Mexico 4%3 30% 30% 13 4 New Orleans Torni 4s 64% 67% 61% ! N Or&N'est rfgi-lm 4%s 69% 74 66% 23 NOrTex&Mex 6s sor A 94 96 90 1 ? do inf. 5s . 3S 63 53% 55 N Y C ?? II R col 7s. 707 10.;% 9S 1199 do deb 6s. 93% 93% S 7 7 do refg and imp 4%s 80% 87 72% 16 do deb 4s 1334. 79% 80% 73% 39 do con 4s. 72 72% 65 38 ?io rfg 3%s. 67% 69% 02% 6 NYC-LakeSh col tr 3%s 63% 64 7,9% 1 NY Chio ?ft otL list 4s Si) 82 77% 5 ?!o ?leb 4s. 7 4 74% 08% 8 N Y Connect Ry 4%s.. 78 78% 71% : S Y Dock Co 4s. 70 71 % 62 i NY Gaa BLH&Pcol 5s H? 86 81 7 do pur m 4s. 69% 69% 6 4% 68 NYNH ,t H cvt 6s 1948 54% 73% 52 I do dob 3%S 1954_ 36 45 34% 1 do d"b 3 Via 1955.... 7.5 35 35 1 do cv ?l?'b 3%a 1956. 36 46% 35% 8 NY Ont ?Sr W 1st rfg 4s 61% 65 56 5 N V Rwys rfg 4s cf of d 13% 22 17 % 24 do ad 1 5s. 5% 6% 3 '-? ! 20 do ad j Gs cfa of dep 4% 6 3 0?N' ? Telephon.? dob 6s 96 97% 87% do gen 4%s. 84% 84% 7 5 20 NY W.-st & Ros 4%s.. 36 43 33% 1 Niagara Falls Pow 6a 92% 93 90 I Mag Look & Ont P 5s 83% xrj S3 2? Norf'k & West cvt 6s. 103% 105% 99 . 19 do con 4s. 79 SO 70% 3 do dividend 4s. 77 % 80 74 ' 92 No Pac-Gt No It B%s.l02% 103 96% I 229 Nor Pacific 6s ser B..102% 103% 96% I 79 do prior lien 4s. 77% 79% 73 i 10 do gen 3s . 67 67% 52 4 Nur Seat's Pow 5s?A 81% 81% 76 116 Northw'n B 11 Tel 7s. 102% 103% 96 1 Ono Pow Nlag 3?"*?;s 5s SI 82% 76% I 42 ?>re ?? e*;ilif 1st 5s... 92 92% 88 1 Ore Ruy & Xav con 4s 78% SO 77, 7 Oregon Sh Line 1st (is 99% 100 95% 1 i do ? on 5s. 92% 92% 87 ! 1" do vfff 4s. 83% 84 A. 7 7'/. Wash RRANiiv 4s 71% 74% 67% ? Pacific Coast 1st 5s... *r.% ; i 65 27 Pacific G&Blec 5s ... 90% 81 74U 1 Pa ? It & l.i 1st rfg 5a 78% 79 73% i P iciflc Tel ??7- Tel 5m . . . 16% S7 SO 2'.' Packard Motor tern 8n 97% I0'A% 94% ?i Pnn-A i Pet & Tran 7s 90 94 8 7 . 34 l'en:i RR 7s. 1930.104% 106 100 324 do gold ? %s.103 101*% 94% 3 19 do on 6s, 1968 88% 92 8! do gen 4 %s. 81 86 71% 1 1 ?1" <-??n 4%s.86 92% 83 2 .'o gold 4s, 1906. .. 81% 83% 7674 ? do .? Is. 10'8 .81% 85% 76% 7 Peoples G&C of Chi 5s. 75% 75% 63% 8 I '.:? E si Hl 4s 5S 61 % E * 27 P?re Marquette rig 5s 81 % S3 77i? 154 Phil Co cv <!b 5s, 1922 97% 97% SS l! P ?' e*. ? st ?. 5a, aer A 84% S7 79% 2 Philippine Ry 4s. 39% 43 85% OFFICERS President JOSEPH WAYNE, JR. Vice-Presidents EVAN RANDOLPH A. W. PICKFORD Cashier CHARLES M. ASHTON Assistant Cashiers ALFRED BARRATT DAVID J. MYERS PHILADELPHIA STATEMENT OF CONDITION at the clos? of business, September 6, 1921 RESOURCES Loans and Investments. $57,720,997.79 Accrued Interest . 119,435.23 Acceptances and Letters of Credit. 690,067.89 Exchange for Clearing House. 2.394,698.89 Due from Banks... 10,763.687.20 Cash and Reserve. 4,652,246.26 $76,341,133.26 LIABILITIES Capita! . $2,000,000.00 Surplus and Net Profits. 7,295,809.23 Reserve for Unearned Discount. 261,566.04 Reserve for Taxes and Interest. 207.169.02 Circulation . 1,060,747.50 Acceptances and Letters of Credit. 715,067.89 Government Securities Borrowed. 450,000.00 Du?e Federal Reserve Bank? Loans on Government Securities.. . . 6,443,119.08 Commercial Paper Rediscounted . . . 5,500,000.00 Deposits . 52,407,654.50 $76,341,133.26 Week's ,-1921-, Sales close. Hisrh. Low. 1 Portland Ry 6s, 1920 7.1% 75% 69 21 Puh Serv of N J 5s. 68% 68% 57% 6 4 Reading *ren 4s. 7 7 85 % 71% 1 Read-Cen N J col 4s. 7S% 87 76 1 Rep I St St eol 5s 1940 84% 86% 80% 9 Rio Gr?S West 1st 4s. 66% 70 61% 3 do col tr 4s. 56 ?1 '7, 4" "h 2, R 1 Ar-k & La 4%S... 69 69% 64 :: Rome Wat &-. O con 5s 98% 98% 97% 2" St L I M & So gen 5s. 89% 50 % 83 16 do rfg 4s. 74.% 75% 66% 16 do 4s R ?-. G div... 70ia 71 U? <;.?????.? 10 St L * S F gen 6s '31 90 0 0 s 7 89 do pr In 4-i ser A.. 62% 83% 68% 56 do 6s ser 13. 76% 76 60 Vi 10 do gen 6s ser C... 90 % 91 84% 127 di ndj 6s. 6^^ 69?% 61'.% 221 do inr: 6s. 57% 59 7? U% 7 St Louis Southern 4s. 78 7* 75 23 do 1st 4s. 68% G9% 63% 42 do c?i,n 4s. 65 66% 60 74 5 do Term 5 s. 6 7 69% 6 2 3 St P * K C Stt L 4'?is 68 68% 81% 1 St P M & M eon 6s. . . l?'il % 102'- 100 1 i7n cnn 4'?;S. 90 02 86% 2 do con 4s. 86% 85% 81% 1 do Is Mont ext . , . 81 82% 79 1 do 5s 7,lon C div.. 92 94% 90 1 St P & Nor Pac 6s... D9% 100% 1", San An & A 1' 1st 4-i. 63% 64% 58 27 Seaboard A 1. ron r:;. 48% 7,7, 45 3 do pol,i 4:4 st. 51 % 57 50 10 do rfg (s.39% 43 36 36 do adj 5s. 27 39% 25 1 Sharon Stl H 8s ser A, 96% 97% 96 330 Sinclair C Oil cvt 7%s 91% 94% 90% 26 South Bel! Tel &* T 5s. 83 83 80% 206 Soul h ? ?? Pa cvt 4s.. 83 83 .'" ? - 41 do rfg 4s . ~" 79 73% 29 do col !r |i.73% 73% 66% 6 do eol tr 4? re>?. ... 70 70 86% 20 do San l?V Term 4s. 7.;?. 76 68 69 Southern Ry con 6s. . 88% 90 80% 5 do eon 7 s rog. S :i 83 S ?. 5 4 do gen 4s. 68% 61% 66 6 rtr, 5s Memphis div. 84 86 ?0 7 do 4s M ,fc O div. ... 61 % 62 58 42 Std Oil of Cal deb 7s.104% 105 10J 2 Steel * Tube 7s ser C, 92% 96% 91% 5 Tennessee Copper 6s 85 94% 82 9TerRR A of st L rfg 4s 72 7rr7., 67 UTc. ?- Pao 1st 5s. ... 80% 81% 75 2 do 5s Louisiana, div. 7 0 ?-, 74 4 Third Avenue 1st 5s.. 82 82 76 9 do rfg* 4s. 52% 52% 4 0% 251 do ti 1J 5s. 38 38% 25 69 Tidew O 6%s intm etfs 96% 99% 90% 1 Toledo & O Cen iron 5s 75 75 65% 3 Toi StL&W 50-yr 4s '50, 45 53 45 6 do pr lien 3%s. 7?; 78 73 25 Union Pacific 6s.100 1 "1 ; t 96% 67 do 1st 4s. 87, 94% 78 6 9 do CVt 4s . 87% 87% 8 1 39 do rfg 4s. 78% 80% 73 L'Union Tank Car 7s...101% 102 Pon,, 1 Un RRof SP4s etfs of d. 27% 36% 26 3 Un l?v In?. IstSs.Pitts Is 65% 70 65 i U S ?teal!?,- Improv 6s 87% 83 79% 8,: U g Rubber 7%s, 1930 99% 102 96% ? 7 do 7s . 99 Va 100 94 Tu ? 40 do 5s . 78% 79% 75 71 U S Steel s f 6s. 94% 96% 92 1 do s f 6s reg. 93 98 93 2 Utah .v Northern 4s.. 79% 797? 79% 1! Utah Power & Lt 5s. .80 81 76 1 Vandalia 4s ser A.... 71% 79% 72% 38 Va-Car Chem 7%a ... 91% 9:1% 87% 1 7 do nvt deb 6s.8? 96 % 86 85 do 1st 6s. 92% 91 90 2 Va ,v south.vu ci n 5s. 6C ? 60% 21 Virginian R lilwaj 7? . 33% ? ? '* 78% 12 V.'..basil 1st 5s. 88 90 !<2% 13 do 2 1 5s. 79 HO 7 2 16 Western Electric 5s.. 7 3 98 92% 19 Western Maryland 4s '?'. 56% 6t% 1 West N Y S? P 1st ..s. 85% 89% 83 C Western Pucilic 5s... 79% 85 76% 6 AVest Peno P 6s ser C 77% 77% 77% 74; Western Un 6%s w 1.100% 100% 90 6 do col tr 5s. 8.8 89% 82% 7 do r-ai est 4%S.... 81% 81% 77% lOWest Shore 4s. 73% 7 : 7. 67% 22 do 4s reg. 71 73 66 5 I West In g ho use El 7s. .102% 103% 94% 1 Wheeling ,fc L ?? 4 Vis 49 5?; 47 27 Wickwii-e-Spenc St. 7s 93 95 90 > 31 Wilson & Co 1st '.s.. 86'A 90% B2% 1 do cvt. Cs. 82?% 87 . 77?. 7 Wisconsin Cen Kfn 4s 70% 71 U 62% -_. Day7s ISeiv Issues Blyth, Witter <v. Co., Bond & Good 1 win and E. H. Rollins & Sons have j purchased an issue of $1,900,000 City I of Lon-r; Beach, Calif., high school and i school district bonds, duo from 1922 ? t?i 1946, which are beir.e; offered at \ prices to yield from 5.75 per cent to 5.50 per cent. Miller & Co.. members of the New ? York. Stork Exchange, are offering a block of Illinois? Central and Chicago. St. Louis & Now Orleans Railroad Company joint i:?rst refunding mort? gage 5s, due 1963, at 85 and interest, to yield G per cent. These bonds are the joint and several obligations of the , Illinois Central air' Chicago, St. Louis ? & New Orleans Railroad Company and ! ar secured by a mortgage on 1,462 j miles of the main line between New i Orleans and Chicago. New York City Bonds Form. Pate. Maturity. Pld. Vsk. Tl??ld. Inter i%a, M67.in 11 5.00 do 4H?, 10?5 941 ''?? 5.01 ,i() ! -,m. 1 *lfi1 .9?< 91 R.03 do 4%'s. 3 "-67.90 91 5.04 do 4 \f, R. 1066. 85% 86% 5.on do ?' a 1984 . 85 ?*? 86% 5 03 ,i . .) ?4s. iftfij \7 ?, sir \ 5.04 do ? y s, 1 96 1.86% 88% 5.06 do 4 'i s. ' ? 10 85% S?;% 5.06 1 959. 80% 82 5.0? <lo 4h. 1958. ?71^ 82 5.n7 do <.--, PUT. 80% 83 7 09 Ri'? J?. 1955-'56. 80 8.' 6.12 do 4s. 13;*6. 85% 87% 5 1? Inter 3%s, 1954.7J4 7 4 5.12 <"nup 3%s. 1954. 72% 7 1 5 12 .".?,?; ?.s. !950-'5i In-:.... 72% 71 6.W i >lo 9 Us, iS?4?-'50 ?no. 5 iO 5 10 - do 5%s, 1921-'30 inc.... 5.90 5.25 ? - Reg rouDon (aerial) 4%s. 1921--32 Ine .5.90 5.25 do 4%s, 1321-:!! in?*.... 5.90 5.25 - New Ycrk State Bonds Issued In coapon an?l registered fori". ' not fnterchaaKc??ble. Coupon bor.ds regia Canai and Highway 5s. 1922-'80 . 5.00 _. do 5a! 194i-'60. 4.85 4.65 I Canal imp 4%a. 1964. 96% 99 4.5; i Highway imp 4%s, 19C7.. 96% 99 4.5: Canal imp 4 % s, PJ65. 92 94% 4.7.: Highway imp 4%a, 1965.. 92 94% 4.5? Barge Can Ter 4%s, 1943.. 9S% 95s? 4.5; Highway imp 4s. 1967... S7 9u 4.5: Canal Imp 4s. 1367. 87 90 4.61 Highway imp 4s, 1360-'62. ?7 90 4.55 Jo 4s 1958. S7 90 4.11 Canal imp 4s, 1960-'62 inc. t>7 DO 4.5 a Palisades I 3 Pk 4s, 3 961. . S7 90 4.5? Dark Outlook For Germany's Financial Year Drop in Marks Reflects Sit? uation, Which Ha? Taken Turn for Worse; Large Deficit Believed Certain Expenditures Still Grow Government Employees Get increase ; flail Losses Con? tinue Despite Rate Raise Special Cable to The Tribune Copyright, 1021, .NArw York Tribune Inc. BERLIN, Sept. 11.?As predicted in previous dispatches, the mark showed a progressive de?cline last week, and in some financial circles it is believed that the decline will continue until the dollar will purchase 150 to 200 marks. The drop in exchange values was made in the face of an otherwise satis? factory industrial situation, and was attributed almost entirely to recent reparations payments, which, in addi? tion to involving Germany in new obli? gations at home and abroad, princi? pally in Holland, to be met in three and six months, have also served to de? plete the gold reserve to no inconsid? erable extent. The decline in the mark is simply a reflex of Germany's financial situation, which has taken a distinct turn for the worse in the last few weeks. More than nix weeks have passed srnce the announcement of Chancellor Wirth's plan of financial reform, by which he intended to raise 60,000,000, 000 to C5,000,00(),000 marks, approxi? mately $1,000,000,000, and mark time pending promulgation of the profrram. A further decline in the mark, how? ever, has created a new annual deficit of 2,",000,000,000 marks. The recent agreement between the government and the union of government employees, which provided for salary increases adds another 10,000/100,000 to this deiic.it. The national railway adminis? tration will continue to show a deficit i of at least 9,000,000,000 marks in spite | of recent increases in rates of from j 35 to 40 per cent. Another similar in- j crease is already under consideration, ! and this is bound to have a serious ef- ! feet on the already constantly rising ! cost of living. Although reports recently publ'shed show the most satisfactory results so far as collection is concerned, the total receipts continue to fall far behind j expenditures. The next reparations payment of a j 1,000,000,000 gold marks is due March 1, j 1922, so that Germany will have a ? breathing spell of six months. In ! spite of the government's determina- ! tion to make the budget balance and comply with the provisions of the Ver? sailles Treaty, there is now arising a j distinct skepticism within the coalition ? parties regarding the ability of Ger- j many to do so. Although not sharing the pessimis? tic view of recent writings, govern? ment observers insist that the necessity of a revision of the reparations pro? visions of the Versailles Treaty will be? come imperative in the near future. Th's revision, 'government experts declare, mu?t be accompanied by new and radical financial changes, not so much as far as taxes and tariffs are concerned -*.s in regard to nationaliza? tion of the whole line of large indus? tries, banks, insurance companies; in short, a complete reorganization of the German industrial fabric in the direc? tion of increased state control. Increased government intervention in industry is believed imperative in order not only to prevent an economic d?b?cle, b'-it to forestall serious indus? trial conflicts between capital and labor, which are foreseen as probable in the coming winter. Miscellaneous Markets Public Utility Securitle? Bid Aak I A'l P * I. '' 1 ' I Wei Ask do pf 69 73 CPR&L pt 27 30 A-, A Tr. 92 06 ?7I?3 & S pf fei F2V4 do pf. . . 79 81 r 17 D El pf CO 70 ?V G ?fe E1.101 103 EG-&FCo6s89 04 do ?if. . . 37'-, 38 a! do6?X? .- h 77 S2 V- ! . r,r,A 57 ! do8% pf 73 80 do pf. . . ??; 61 1308% i- n 83 02 Am P Utl. 8 13 F I, ft Tr. 6 V4 8 , pf.. ; J? 20 (in pf... 41 48 CarPR&L. 26 30 No Sla Pw 40 45 Cntl Sta E 4 G do pf. ..79 81 do pf. . . 40 45 Rep R ft L 4V4* 8 Cities SVC.1201.J 122% do pf... 10 15 do pf... 43% 44*?i So ?3?! Ed 91 93 do n Bh. 13% 1 t do pf. . . 03 102 7%<isBfc00 or, Std G .?7- B 8 11 ?A A . , 77 S3 ?do pf. . 33 25 n .74 7" TRLi P. '1 2 do pf R. 4 5 do pf... 4 6 Col l'V- .. 3 ? l*n I. ft R 21 SS : . . 70 75 do 1st pf 58 80 CPR&ti. S 11 West Pwr. 2? 27 ?Ex dividend. do nw p? 69 70 Honda A ?1 * E 8n 7*> 81 IM St P 8s K *" Irj 88 "A V P * 1. 83 77, '-, 77 A T. ft R fis 70 73 Appln P 6s 70 7". "UrahSec Gs 91 % 02'-, Col P 7,3 . 72 70 Wla Ed 6s. SO 82 Vi El Paso 5s 77 SS ? Trust and Surety Companies Alllanc" ??? 70 ? iManufcturs ..200 ? t American... ? ?Mercantile ..300 310 Am Surety... 60 ES|Metrpttn ....220 240 Ban! ... , io ?I 5 Bond... . 75 85 Bond ?Sr MIS HO A Mr;. T W....105 125 Bklyn T Co 425 450 N V Title....114 Pi-nt Union A' ?'? Nat Surely. . 170 Ixo Columbia '80 N V 1, & T.. 560 563 Commrcl. ? 135?N Y Trust...288 290 Empire T...300 ?-??Peoples.870 280 ?le T 2(0 250|Realty Asso.. 00 100 Frrors L ft T.34S ? iTltle Ouar...305 315 Fidl ?fc Int...200 210 Untd Statea..850 Pulton.235 230 U S M & T.aAO 270 Guarani : r,i) rj S T O.. .. 75 so Hudson .100 ? Wstchstr ...110 Kinfrs . . . 660 - W ft B A M. 150 160 Lawera T.... 110 (Includes AT 2tk. Law Mir 115 * !0 [Sea N V Title: Lincoln Tr. . i:,5 1 >;? New York Bank Stocks ...170 i75,aotharh . ...100 200 Atlantic ....210 220jareenwlch ..275 255 An. Exch_830 2401 Hanover . ..775 7S5 .145 1 ijHarimati . . 315 35S !'???"-'? .425 4"'l Imp .?.'? Trd..490 010 Cnti 115 130 In lustrlal .155 165 Bryant PU..165 175 Irving Nat..170 175 Bronx Nat..1160 180. Mnnxin Co. .187 103 & Dr 130 ? 10 Men ft Met. .288 302 1 ? ni Merci 100 0 1 iltn A. 320 340 Mutual.510 5 70 Chat A Th?' .230 Sin I Nati Am ... 7 15 156 ffix... 40 ?0 New Xthr...140 150 I'hoiuioiil . .Ji.*? 455 ?N ? County. 135 ?' Cltv.808 814 N V V B A..401) 420, Coal ft Iron..215 225IPncltlc.300 Columbia ...150 lStJIPark.355 350 Colonial ....350 ?Public ......240 ? Commerce ..214 S18J8eaboarcf ,.'.235 24S Cmwltn .215 ? S"?'?T.il.ISO Contntl . ...'A'-? ?Standard . . 200 225 'Corn Exc'.i-..315 State.?30 ? I Comptn . SO 100123?: Wn rd . . . H ."? ? l-*r*m Kiver '7i ? ?TJntd Stales.160 ? Fir?; Nati MO ?WS Union Ex ,..183 175 ' ? ?Wshg HIS...235 ? 5th Nati 168 ISO ! ?orkvillu ...425 ? r.arfield . . ?T? 225! Insurance Kompanie? Am Alinee... 240 2?(yi Hanover". .. io ? City of N Y l?fl 170|Home :,i "!? I Cwtnnwlth...300 325 .\*ti Liberty ISO S70 : Fid ft Phoa.475 4S5|\*ia-rara ... .120 17?* MisceIlan?ou? Stocks ! ?Am Ltd.. B iflr..:n t. g vv 72 "5 do pf.. 33 50 Draper C?124 125 Am Mf r>f 70 7 7 tirt 811 pf. S5 ?0 A M -tr F 115 'A 7. A ?"'.?let... ? lOf) ? Am TV. pf S*i I ?? NEnf.FuO 13 25 r AniTyp? F 39 4 4 !.\*?3'p tft pf WS ? AD T N* J. ?5 40 |p & W pr SO 85 ?AtlaaPC. 40 45 !pho!pB D.14S 160 ? B i ?pl 78 b? JRyl BkR P 70 82 do 2'd pf. (6 ? do pf. . . A* so Borden'?.. 32 it ,'S C H ?., 58 62 Bush T pf 65 75 iSlnfrer ... 93 96 Celluloid 700 103 l,?tLR*.Ii?. 36 40 Chi Co. i? ?t? |W ft B... 8 0 98% do pf. . . 95 08 Tal?* & T.330 240 ?City Invt 55 65 j ?Ex dividend. Crk TV pf. S? 90 ! IRVING NATIONAL New York Statement of Condition, September 6, 1921 ^sources Cash in Vault and with Federal Reserve Bank . Exchanges for Clearing House and due from other Banks ......... Commercial Paper and Loans eligible for Re-discount with Federal Reserve Bank ? Other Loans and Discounts Call and Demand Loans Due within 30 days . $30,094,593.45 43,445,326.35 73,344,831-03 18,591,907.30 17,885,096.74 21,720,888.76 25,012,608.78 521,983.60 $147,384,750.83 Due 30 to 90 days Due 90 to 180 days Due after 180 days United States Obligations Other Investments Bank Buildings Customers' Liability for Acceptances by this Bank and its Correspon? dents [anticipated $2,701,638.51] ..... TOTAL RESOURCES. liabilities Capital Stock .... Surplus and Undivided Profits Discount Collected but not Earned . Reserved for Taxes and Expenses Circulating Notes .... Acceptances by this Bank and by Correspondents for [after deducting $377,427.35 held by this Bank] Deposits ........ TOTAL LIABILITIES. its Account 83,732,485.1* 4,3 93 >2 90.60 9>844>i53-84 523,278.05 15,301,568.52 $261,179,527.01 $12,500,000.00 11,550^03.41 1,189,294.90 1,143,454-89 2,420,200jOO I?5,003,207.03 214,373,006.79 $261,179,527.0a IRVING NATIONAL BANK WOOLWORTH BUILDING, 233 BROADWAY, NEW YORK LINCOLN OFFICE 42nd St., opp. Grand Centra! Terminal MARKET & FULTON OFFICE 81-83 Fulton Street EIGHTH ST. OFFICE Broadway and Eighth Street AETNA OFFICE 92 West Broadway SHERMAN OFFICE Fifth Avenue and j*nd Street BROOKLYN OFFICE 350 Fulton Street, Brooklyn FLATBUSH OFFICE Flatbush and Linden Avenue? NEW UTRECHT OFFICE New Utrecht Avenae & 5 3rd Street NEW ISSUE $1,900,000 Long Beach City (California) School and High School District Gold 6% Bonds Dated September 1, 1921 Due September 1, 1922-46, inclusive Principal and semi-annual interest payable March 1 and September 1 at County Treasurer's Office. Coupon bonds of $1,000 denomination registerable as to principal. Exempt from all Federal Income Taxes and tax exempt in California Legality subject to approval of Messrs. O'Meheny, Millil(en &? Tuller, Los Angeles. FINANCIAL STATEMENT (Officially Reported) Assessed Valuation of taxable property. $46,680,145 Total Bonded Debt (both Districts)_ 3,121,000 Estimated present population 80,000 MATURITIES AND PRICES 1922-1924 to yield. 5.75% 1925-1929 to yield. 5.70% 1930-1939 to yield. 5.60% 1940-1946 to yield. 5.50% i Bond & Goodwin 65 Broadway, N. Y. E. H. Rollins & Sons 43 Exchange Place, N. Y. Blyth, Witter & Co. 61 Broadway, N. Y. The above information has been ?nthered from reUabl? ?outres, and although not euaran'cet ' is believed by us to be accurate. Car Sus . n Cent Sus. S do pf. . . ? C At?uirre. 50 Fire: o new 50 Grt West, li? do pi. .. a? Snsar Stocks Bid. A-iked 55 55 125 100 Alt Am . . ?do pf.. National. . N! Nique.. Savannah. do pt. "Ex dividend. D.d. A5'.:ihI. in 20 25 :?5 98 101 150 200 15 20 40 Steel and Ordnance Stocks liin S & I ? 1 do pf. . . --? '?Here Pw 17.1 ! do pf. . . *t0 iXile? D P.4?t? i -do pi. . . SO iSeov M fit. 230 Thorn Iron ? Wini-.rnw 5 ?Wuodw.. . 40 171 IK. 105 1? GO Ara Brass.IS5 Atlas l>w..Ui ?Bab it Wliir; Carh Steel 12 do 1st pf -- do 3d pf. 23 Colt A . . . 27 DuPont . .112 ??1,-, pt. . 67 Bit? Steel. 15 ?Ex dividend. Chemical Stocks 11? fiH'. Graze ill .-130 Du l'ont_S Dow Cil... ? Casein Co. 30 no pf. Arn Cyn 13? 13 fXy Soivcy IS Merrimac. 88 ?Mrc C pf. ?s Mulfd Co.. -it) ! ?E dividend. Federal and Joint Stock Land Bank Bonds Federal Farm Loan 5s, Bid. Ann. Yield. 1341. op 10.11. }S% 100'i 4.9* Federal Farm Loan 5a, 1938, op 1?23 . 99 'i, 100 6.00 Federal Farm Uum 4^ es, 1 1939, op 1924. 93 93 \ 5.04 Bid. Ask. T?eid. I Federal Farm Loan 414s, 1533, op 1923. 93 93?? 6.05! Federal Farm Loan 4 Via. 1937. op 1923.33 ?2% E.07 , Joint Stock I.an?! Bunk 5a. 1939 op 1924. 31% 93 E.62 Joint Stock Land Bank 5s. 1938 op 1323. 91% 93 6 63! Short-Term Securities ?"????urity, Raee. L?u>?. ni.l. A?ft. YI?M Alum of Am 7a, 1925... 97% !>? 7 60 Am Cotton Oil 6a, 1924.. 90 20% ?76 Am Toi ft Tel 6?, 1922... i)'J % 3'?% 6 65' do 6a. 1324. 98 !).-.? Amer Thread 6a, 1928.... 17 rA Am Tobacco 7s. 10'22.100% led 14 5 S5 do 7s. 1923.100"? 101% 6-60 Anaconda Cup ?is. '."'23 . 19 I ?? do 7s. 1929. 94'* Jr-, 8.00 Aeis-Am Oil Ltd 7A.-A.7 l?9% 191% 7.3? I?-li Tel of Can 7? A 91 9?' 7 30 Bethlehem Ste.l Is, 1932. Ti 100% 6.3? do 7s. 1923. . . 9*% 98 ?? 7.70 Can Pao. Ry 6s, ? 924 . 77", 98 ? 6.35 I Cen Arc Ry 6a. 1927. 83% 85 9.90 ? Chi R ? & Pac Ry 6s. "?2. 99% ???% ?? i Consol Cas of N V Is, '2! 10?% 1001, 6.5? Cupper Ex Aaan 8s. 1*2*2 !00?; (?IK b.7*. du 8?. 1323.1 ?1-117 ]??.;> T^ 7 ?;?} do 1M4 .KM?? ?01% 7.S0 do 19 2?. '.?'3, 101% 7.35 ? ruttahy Packing; 7?, 1033 94% 1 on 7.00 I Fed Su? Ri-f '*.s. 7 924. . H% 96-4-? i B K Goodrlch r?-.r, 7s. '2*5. ?jO*?, fil i Gulf OH 6a. ?923. . ?7% 98 7.20 ; Hockln? Val R R ??s, '24. 94 54 3? 8.35 1 Humble Oil ?fc Ref 7a. '?3. ?1H 9* 8.45 ! lut er boro R T con Sa, 19:: 75% 76% - Security. Rate. Due. Bid. Ask. Tield Kan City T Ry fi?. ?SSS.. 3814 ?l(\ 8.70 Lac G !. 1st * ret 7s. "3*. 90-fc 9 ! '+ ft.?6 l.tSiretf ?- U Tob 6b. -.921.100 lOOi* $ ?8 ?Phi!?-i<?l)..h.a Ck 19?I... lOai* 10?i<, ?.0* Proc ft Gftmhle 7?. 1922..100?$ 100 v? 8.14 do 7s, 132:1. i 5.80 Pub Ser N J con 7s. ??.7 13.60 RevnoM? R J 8k. iVtt.... 99% !tt?H 8.0? S?ara Roebuc?t 7?, 192!... 99% 190% 8.12 do 7s. 192?. 94 ??, ?g*. g.07 do 7s. 1923. 97 H 37?? - ?'? Sinclair Con Oil T*>?a '23. 91 lia 19.M Sotvay ftB 1327. a :?<??* f.S? Southern P. Sa, 1322 ... 98*-, ??% 8.8? B'weat Bell Te' 7?. lite,. 97 ?7% 6.5* St Pi'nDf ttriirSUs, '.'3.. 97 >i 9T?? ?.?7 Swift "a. ' '. ? ' t% ?? "f.-j, The Texa* 7.?. 19?.?. S9% 100?? ?95 Vtah ?Securities (a, '2? .. SIS 92 - Wcsfn E<- !?*% 101 6.70 Miscellaneous Oil Companies At! Irfibos. 13,% JliS Mi'.w RTft-.m 145 do pf ? '? " T4 8 Pr AMI O.. Z' I? Nrthw-iO .1? .1? i'n? * C?. ? ? PrdftRCp 4*? 4 tt Elk Ban P. ;. . % ?8 ?"?< Pi? 10 10H tmp OU.... ?0 *3 Mapul Rf-?-. I |fj Matti Pit. 134 It.? aVSi'il. .2-9 36 ilerr Oil. 6% 7 ? 'Par ?10. Tobacco Stocks G W He!. .17,7 1?3 da pf. ..it 93 J S l'aung 73 85 do pf. . . 8* 93 ?aicA ft r. ?0 m ] Mr A4 F pf 7? ?i P R A T. 50 ?S Cnfv Leaf. 1 <M ? Wey-m B. .15! 1?S do pf. . . 90 ?3