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Park^Un?on FOREIGN BANKING rOHPORAtlOM 56 Wall Street, New York Convenience in Making * Remittances to Paris Americans seeking a convenient method of paying bills for goods purchased in Paris stores are\irged to avail themselves of our special service. By calling at our New York Office arrangements can be made for the direct payment of these bills by check in francs. Our service insures promptness and safety and results in a saving of time and effort to our customers. Capital (fully paid).. .$4,000,000 Surplus and Undivided Profits. .$625,000 OFFICERS Charles A. Holder, President T. Fred Aspden, Vice-President Et B. MacKenzie, Secretary Irving V. Scott, Treasurer Te^as Gulf Sulphur An old company sponsored by promi- , nent financial inter? ests recently intro? duced to trading on the New York Curb Market. History, earnings, outlook given in the current issue of our Financial Forecast Ask for Circular No. 5i tent without obligatitsn MSWOLFE&CO. ESTA n:.t.sHr-.D 1Q06 ?? M??nit><?>.3?? CONSOLIDATED STOCK EXCHANCE OF NEW VOR* NEW VORK CURB MARKET 41 BROAD ST.,-NEW YORK Phon?. erOQi Zi Miscellaneous Markets Ad r i t do pf. .. Am !.. Tr. 31 do pf. . . 79 A G ft E. .101 do pf. . . 38 Am P & L. do pf. . . Am P ?ll. do pf. . . CarPRAU. Cntl Sta E do pf do pf do B sh. 1% d sB do C ... do D... do pf B. Col Pwr... do pf. . . C P II A L. Public Utility Securities Bid Ask, Bid 11 rPRAT, pf 25 73 Ik b a s pf si % 95 Ik n El pf 60 81 ?EG&FC06.S 9 4 103 j do6* c n 78 39 ? do 8% pf 72 67 ? rto8?!?- c n 88 69 F 1. & Tr. 6 Va 13 i do pf.. . 47 20 'No Sta Pw 44 30 j do pf. . . 79 6 Hop R 4L 4 \i, 45 '? do pf... 10 I So Cal Ed 90 70 ittes Svc.118 i: 4 3'/., 13% 44 do pf. 98 33 13% Std G A E 95 I do pf... 82 T R I, A P. 1 80 do pf. . . 4 5 Un T, A R 21 7 do 1st pf 58 73 West Pwr. 27 10 do nw pf 70 New York Bank Stocks America . . . . 1S7 Atlantic . . . .210 Am Kxch.. . .230 Battery .145 Bowery .425 Hwiy Cntl...115 Bryant Pk..l65 Bronx Nat.. .150 Butch & l>r.l"0 Cent Merci. .190 Chase.305 Chat A Phe.230 Chelsea Ex... SO Chemical ...47?) City.S08 Coal A Iron..215 Columbia . . .160 Colonial . . . .350 Commerce ..225 Crnwlth . . Continental Corn Exch. Comptn . . East River First Nat.. 5th?Ave .. 8th Nx'l .. Garfleid .28 8 .3 20 .510 .145 215 130 316 100 170 8 4 5 ?00 150 215 171fGoihan> . . . .190 220i?lreenwlch ..235 240! Hanover .... 775 155'HarrlTi-an .. .345 450 imp A Trds.490 130 Industrial .. 155 175 Irvine; Nat. . 170 160 Mnhttn Co- 18? 140 Men A Met 200 Metropltn ???MXitual . . 240 Ml Am .. 90 New Nthrn..140 ? N Y County. 135 31? N* Y N B A. .400 226 Pacific.200 ISOiPark.265 ?'Public.240 230!Seaboard ....235 ? Second.4 50 ? Standard ...200 325 State.235 120 23d Ward... .200 ? ?Cntd State?. 160 860!Cnion Ex ...168 ?Wshg His. . .236 160 Yorkvlllo . . .426 225! 300 255 785 355 610 165 175 195 295 340 530 Trust and Surety Compani? Alllanee . ... 70 t American.. . ? Am Surety. . 60 Banker? . . .290 Bond A MtR.212 Bkyn T Co..415 Cent Union Columbia . Commrcl .. Empire Tr. Equitable T.245 Krmra L A T.345 EUH A lnt...200 Fulton.235 Guaranty ...193 Hudson .170 Kings.6G0 Lwyr? T .. . . 104 Lwyrs Mtft. .116 Lincoln Tr..ll5 222 435 .330 .265 300 Car Sub... . Cent Su?;, do pf. . . C Agulrr?.. KJrdo new 1' <3rt WcstnlOO 115 Manufcturs .205 Mrcntl .290 Metrpltn ....230 Mtir Bond.. . 78 Mut T W. . . .105 N Y Title....112 340|Nat| Surety.. 170 276 N Y L A T. .560 U5|N Y Trust...288 ? Peoples . . . .270 255 Realty Asso.. 95 -'Title Guar. ..310 210 Ut?I Sta .865 250U- S M A T. .260 199U S T G. 77 ?jWstchstr _110 ?'W ARA M..150 ' 108] tSee N Y Title. I65I Sugrar Stocka IS IQ West pf 96 2 |Mt Am ... 10 10 ?National.. 99 12 ?Ni Nique. .100 nnah. 16 M 85 115 180 565 298 2S0 105 320 885 270 87 100 20 101 175 OW Hal. .162 do pf... 90 J 8 Young 75 do pf. . . 88 McA A F.103 McA&F pf. 79 AScVI-'a 79 A PA L 6s 7514 Appln P 6a 72V4 Tobacco Stocka 41 160 94 ?5 60 P R A T. GO 1'nlon Leaf. .140 Weym B..150 160 ?do pf.. 90 92 ?Ex dividend. Col P 6s. . El Paso 5a 92 107 ? I j Bonds SI IM St P 6s 8??<j 77 IV I. A R 6s 70 75 I'tahSeo 6s 92 76 |Wis Ed 6s 87 88<* 75 93 sa Am Cm.. 10 do pf... ?8 Casein Co. 30 Dow Ch... ? - I>u Pont.. 8 OraielU ..130 Chemical Stock? 15 35 45 200 135 Ky Solvsy 15 Merrimnc. 68 ?Mrc C pf.. 60 Mulfd Co.. 30 ?Ex dividend. ?Am Ltd. do pf... 15 Am Mf pf 70 AMA F..125 . Am Td pf 9% AniType F 39 A D T N J 35 Atlaa I? C. 40 B B Spl 78 do 3d pf 66 Borden's... 93 *tush T pf 65 Celluloid .100 Chicle Co.. 8 4 do pf... 95 City Invat. 65 Miscellaneous Stocka 30 75 130 3tt 44 40 45 86 96 75 103 88 100 Crk W pf. 85 F? 1. A W. 78 Draper C..124 Int Sil pf. 85 Ntt Cskt. . ? N Cp at pf 95 V A W pr 80 Phelpe P. 145 Ryl Bkg P. 75 do pf. . . 78 S C H L.. 60 Siniter. . . . 92 Stf.KM&P. 36 W A B. . . 89 Tale A T Ex dlvl % Steel and Ordnance Stocks d. 160 82 40 92 V? 240 Am Bra?*, IM Atlaa Pw.110 ?Bab A W.102 Carb Steel. 14 do 1st pf ? do 2d pf. ? Coll A ... 2? Du Pont...112 ?do pf. . 67 Hast Steel. It ??a dlvidead. 172 116 !04 18 65 25 29 115 18 Em S A I ? do pf... ? ?Here Pw.138 do pf. .. 80 Nile? B P. 49 do pf... so Scov Mfg..28ft Thrap Iron 15 WlnCor nw 6 Woodw.... 4? 25 65 133 82 65 90 310 26 20 60 Insurance Companies nid. Asked. Am Allnce240 260 City of N Y.160 170 Cmmnwith.. .300 325 Fid & Pboe.475 485 Franklin ... 70 Globe & R..1200 Grt A?iieren..225 Bid. Ashed Hanover ... 80 ? Home.342 347 Ntl Uberty. .160 170 Niagara .... 120 130 Stuyvesant.. 60 75 ? lUntd States. 35 4? 115 Standard Oil Companies Anglo-Am 14 % 1 Atl Rfng..820 do pf...106 Rorne-Scr.325 Buck P la. 78 Ches Mfg.145 do pf. . . 96 Contl OH..108 Crea PI... 26 Cum P L.115 Eure P la. 70 G S O n pf 80 do pf okl 80 do com.. 32 III P laine.151 Ind P la. . 74 Int P CoLt 9*1 Nti Trna. 25 N Y Trns.143 N'rthn P !.. 83 Ohio Oil. .225 Penn-M. F 18 0 108 310 80* 155 98 111 27 120 ' '.'3 85 90 24 154 76 168 O ft G..4 5 0 Prai P I,.180 Solar Rfg.340 Sou PL,.. 70 So Pa Oil.184 Sw F-t* PL. 5 2 56 ?S O Cal.. 70-\ 71 Vi 1*3 O Ind. 70% 71 i S O Kan..530 540 i S O Ky...3S0 390 I S O Neb. .145 150 ?S O N J. 132 136 ? do pf.. 'son y. 106" 316 IS O Ohio..*"60 do pf. . .108 lOVilSwan & F. 30 26V???Unlon Tk. 80 47 "i do pf. . . 92 87 ?Vacuu Gil.240 29 Wang Oil'.. 23 20 I ?Par $23. 107' 318 370 111 Miscellaneous Oil Companies 10 27 fi 80 130 7 Midw Itfff. 1 35 145 Mtn P Cp. 6% Nrthwn O .16 Prd R Co.. 4 ?S l'k Fro 9% Sa pu I Rfg. 2% WSOftL.. .30 ?Par St*. 19 4 *'i 10 V? 3% 35 92% ft 2 ta 9 2 ta 9 2 1,4 87% 8 7-*i 8 7 ?4 87% 87% 82% 82% 82% 82 ta 88% 75 75 . 4.91 4.92 4.93 4.95 4.94 4.94 4.95 4.97 4.97 5.02 6.03 5.0 4 5.08 5.1 0 5.05 6.05 E.05 Atl Lobos. 9 do pf. . . 45 Rr Am O... 26 i Cos ft Co. 5 j Elk Hsn P. 5 ta Imp Oil Ll 78 Magn Pot. 125 MerrOllCp 6% Nevr York City Donds Form. Rate. Maturity. 7:id. Ask. Yield Inter. 4%s. 1967. 9!ta do 4 tas. 1D65. 91 ta do 4 ta?. 1963. 91 ta do 4 tas. 1957. 91 ta do 4 H s. 1966. 86% do 4 ta ?. 1964. 86% do' 4 Vas, 1362. 86% do 4tas, I960. 86% do 4*is, 1560 op 1930.. 86% do 4s, 1959. SI % do 4s. 1958. 81 % do 4s. 1957. 81 % Reg 4s. 1955-'56. 81 ta do 4.1. 1936. 86 ta lntt-r 3%.s. 1*354.73ta Coup 3 Vis, li/54. 73 ta Res 3tas. 19,r.0-'54 ?ne."... 73 ta do 3 tas. 1940--50 inc.. 5.30 6.05 - do S tas, 19!n-'30 inc.. 5.75 5.10 Reg coupon (serial) 4%s, 1921--32 Inc. 5.75 6.10 - do 4 tas, 1921--31 inc.. 5.75 5.10 - New York State Bonds Tssurd in coupon and registered form, not Interchangeable. Coupon bonds regis terabl". Canal and Highway 5s Bid. Ask. Yield. 1922-'30 . fe.00 - - do 6s, 1931-'40. 4.90- - do 5s. 1944-*60.. 4.70 4.60 - Canal Imp 4V4s, 19G4. 96*4 99 4.55 Highway imp 4 ta s, 1963 ?'anal imp 4%?, 1965... Highway imp 4 tas, 196; j Jlargc L'an Ter 4 tas. 194 ?Highway imp 4s, 1967.. 'Canal Imp 4s, 1967. 87V4 Highway ?nip 4s, 1960-62.. 87ta do 4s, 1968.'. 87 ta ?Canal Imp 4s, 1960-'62ino 87% Palisades 13 Pk 4s, 1961. 87ta l Barge Can Tor 4s, 1 942-*46 87 ta - . Federal and Joint Stock Land Bank /Bonds ? PVderal Farm Loan 5s 1941. op 1931.lOOta ! Federal Farm Loan 6a. 1938, op 1923. 99% Federal Farm Loan 4 tas, 1339, op 1924. 93V4 i Federal Farm Loan 4%s. 197,8, op 1923. 93 ta I Federal Farm Loan 4V4s. 1*j37. op 1922. 93ta Joint Stock Land Hank 5s,, 1939. op 1924. 93 Joint Stock Land Hank 6s, 1938, op 1923.. 93 United States Treasury Notes and Certifi<*-ates of Indebtedness 96 U 92ta S7V4 99 94% 94% 96% 90 90 90 90 90 90 101 lOOVi 9 4 ta 94% 94% 9 4 i ?; 4.55 4.55 4.55 4 55 4.53 4.53 4.55 4.56 4 55 4.87 4.90 5.0? 5.01 '"'3 5.53 Month. ? December. ]February . : ??March ... I ?March . . . ??March ... ? ? Juno . ; August . . . ! "Sept. ; "June . . . . ??S<*Pt. Year. P. Ct, 1921 .6 1922 1922 1922 1972 1922 1922 19''2 1924 1924 5 ta 5 5 ta 5% 5 ta 5 ta 5 ta Bid. 1 00 ft 100ft 100 ta 10 Oft ion ft. 100% 100,';, in Oft ino % 100 ft Asked. Yield. 1 00 ft 1 00 ft 100% 100 ft 10 Oft 1 00 ta 10 oft 100 ft lOOta loolj 4.00 4.65 4.44 4.56 4.53 4.7 5 4.93 4.91! 6.25 5.25 | "Acceptable In payment of Federal taxes on the daUs of maturity. Short-Term Securities Security. Rate. Due. Bid. Ask. Yield. Alum of Amer 7s, 1925... 99% 99% 7.05 Amer Cot Oil 6s, 1924.... 90 90ta 9.75 Amer Tel ft Tel 6s, 1922. 99% 100 .6 00 titt 6s. 1924. 98*,<s 99ta 6.60 Amer Thread 6s, 1928.... 97ta 98 6 35 Am Tobacco 7s, 1 922 . . . . 100% 101 f..96 do 7s, 1923.101 101 Va 6.50 Anaccnda Cop 6s. 1929... 90% 91 7.70 do 7s, 1?29. 95% 95% 7 80 Ang-Ani Oil Ltd 7 tas. '25 .1 01 % 102 G.85 Hell Tel of Can 7s. 1925.. 97% 98% 7.50 Bethlehem Steel 7s. 1922. '.19% 100% ?90 do 7?. 1923. 99 99% 7.35 Canadian Pac Ry 6s. 19-4 99 99% 6.28 Central Arg Ry 6s. 1927.. 85 86 9.75 Chit: R I i- I' Ry Gs. 1923. 99 V4 100 6.00 Cons Gas N Y 8s. 1 92 I. . . 1 00 1., 100% Copper Bxp Assn 8s, 1922.100% 101% ?01 ta .101% 102 .102% 102% 97 96 ta 99 97 98 ta 78M, os % 94ta 100% 100% do 8s, 1923.101 % do 8s, 1924 do 88, 1925 Cudahy Packing 7s, 1923. 99% 1(10 Fed Sug Ref 6s. 1924. . . 96 Goo.inch H F con 7s, 1925 94Vj Gulf Oil 6s. 1923. 98 ta Hocking Val K H 6s. 1924 96 Humble Oil ft Ref 7s, -23. 97% Inter It T conv 8s, 1922.. 77 ta Kan City Tr By 6s. 1923.. 98% Lac G 1. 1st ft r?>f 7s. '29. 94 Liggett ft M Tob 6s, '21 . 100 Procter ft Gamble 7s. '22.100% do 7s. 1923.100% 101% Pub Serv N .1 con 7s, 1922 96 56% Reynolds R .1 6s. 1922.... 99% 100% Sears Roebuck 7s. 1921... 99% 1001 do 7s. 1922. 99% do 7s, 1923. 98% Sinclair Cons Oil 7%s, '25. 92'? Solvay 8s. 1927 . 99% 100 SouHiern Ry 6s, 1322.... 98% S'west Bell Tel 7s. 1925.. 98% S3 Paul lT D guar 5tas. '23 97% Swift 7s. 1925.100% The Texa,s 7s. 1923.100 Utah Securities 6s, 1922.. 93% Western Flee conv 7s, '25.101% 101% Longer Term Securities Armour conv 7s, 1930....100% 100% Atl Refining 6tas, 1931..101 "A ?01', ?iulf till 7s, 1933. 99% H J Heinz 7s. 1930.100 Kennecott Cop 7s, 1930.. 94% N Y Cent col tr 7s. 1930.. 103 N'w Bell T 1st mtg 7a, '41.102% 10.1% Penn R R col tr ?tas. '36.101V? 101% Stand Oil Calif 7s. 19.11.. 104 % 105 do N* Y 7s, 1926-1931.. .lO?Vi 106% Swift 7s. 1931.lOOta 100% U S Rubber 7%s. 1930...100% 101 Vacuum OH 7s. 1936.103% 104 West Un Tel 6%s. 1936..101% 101% Westing ?1 ft ?1 7a. 1931.102% 102% 99% 7.15 98% 7.65 92% 10 rro 7 90 98% 100% lOOta 100 100% 94 \ 1 03 % Investment Information Questions of general interrat lo in vestora will 6s answered in this col? umn, tu which case only initial? will be mud. Others will be answered by mail, Address "II inquiries, tnclos ing a stumped, addressed envelope, to Financial Editor, The Tribune, 15' Sassutt Street, New York City. Would Improve Yield Already Good Question 1 ?rm :i sll'glo man. aged twonty-ftve, uiiployed in this .-liv in the capacity of confidential nsststant lo rin executive, ami with excellent pro-. peels for advancement-, Two years ago 1 Inherited a few securities and In Im last fourteen months i have purcS.Hsed more out of my savings and from money | coming from a legacy, which will continue ? for the nexi two years at die rate <?f aboul ?nOO h year. A complete list of my hold : ?ne? follows: 'Bonds, Cleveland, Cincinnati, Chicago ,?;? St. I.ouis (C, \V. A M. Division) ! ' per cent, 1991; Chicago, Indianapolis A) Southern 1 per cent; Lake Shore ?*? Mlehi- I gun Southern I per cent, 1931 ; Pennsyl? vania Railroad ' per i-.-nt. "1K4S : St. Louis San Francisco prior lien, Series A, 4 per] ? cent; Ohio Gas and Electric Company 0 per I cent, Republic or Chile s per cent, 1941 ($r.00 bond); United Drug 8s, 1941 (two :?100 bonds); stocks, Oakland Savings and. I Trust Company, five shares; Marland Oil Company, ten snares; Calutnot and Arizona I Copper Co., forty-two shares: Union Pa 1 eitlr preferred, live .?hares I feel that ?11 these securities are good on. s. with the possible exception of Marland Oil, bul dio yield Is not quite es hjgh as I would like, i l,ell.-v.- (hat without sacrificing safety 1 could make oomc changes In this list which would bring me n somewhal higher return. Incidentally, 1 might add thai I urn somewhat partial to long-term Invest? ments. I am desirous of holding securities for which there Is a ready market, as within the next five years I may wanl funds for a small business venture of my I own.?J. B., Pittsburgh. Answer?At recent prices your bonds were selling to yield an average of j about 6.75 por cent. You could prob- ; ably dispose of them at. approximately I the following prices: Cleveland, ?in- | cinnati, Chicago & St. Louis ( C, W. & M. div.) 4s, 1991, at 66V?, to yield about 6 per cent; Chicago, Indiana & Southern 4s, 195fi, at 70. to yield 6.03 per cent; ; ? Lake Shore & Michigan Southern 4s, 1 1931, at 83M:, to yield 6.37 per cent; j i Pennsylvania consolidated 4s, 1948, at j . 81%, to yield 5.27 per cent; St. Louis- ? j San Francisco prior lien 4s, series A, j I 1950. at 61 ;H?. to yield 7.20 per cent; Re ? public of Chile 8s, 1941, at 98~U, to yield ' a trifle over 8 per cent; Ohio Gas and ? Electric 6s, 1946, at'about 90, to yield i around 7 per cent, and United Drug 8s, ! around par. If you sold all of your j bonds at present prices it would be ' necessary for you to obtain a yield from j your new purchases that would exceed : 6.75 per cent in order that you might : improve your income. It is our opinion ? that it would be difficult for you to do I this without sacrificing some of the | safety which you now have in fair de ; gree." If you wanted to strengthen your j list from the standpoint of security \wc I would have suggested several changes. ? We consider United Drug and St. Louis ! San Francisco prior lien 4s to be busi I ness men's investments, and also rank a I number of foreign government bonds | ahead of Chile 8s. But you appear to '. be satisfied with your security, and, on ! the whole, we do not believe that you ! have much cause for worry. We sug ! gest that you regard those issues with a critical eye from time to time. We likewise advise you to hold your list of stocks. Calumet & Arizona should see ! better days when copper buying re I sumes. Marland Oil is a weak spot, but ! in a rather diversified list such as yours ?we would hold it as^-i speculative in i terest. Should Have High Grade List Question?1 am inclosing a list of securi? ties herewith and ask you to give me your opinion fis to which of them, if any, are recommendable for exchange from the standpoint of safety. The owner of these securities contemplates a more or less pro? longed sojourn abroad, during which lim-? r lo? scarcely will be in a position to watch these investments. He is entirely depend ' ent upon income derived from same. Your I kind advice will be preatly appreciated : I Argentine 5s, 1045; City of Lyons Gs, 19ri4; j French Republic 7Vis, 1941? Sao Paulo State Ss. IS;'?!; Uruguay Republic 8s, 1946; ?United Stales of Brazil 8s, 1941; Chinese 1 Government 5 per cent. I960; Ambassador I Hotel Gs, 1934; He Laval Separator Com I panv 8s 1931; Detroit Edison Company 7s. j 19rui; Bvansville, led., 7n. 1950; Great Northern Railway 7s. 1936; Japanese lm i perlai Government 5s. 3 947; Kansas City Power and Light 8s, 19-10; Knight H. B. ft R 8s 1930; Kentucky and West "V ?r/-inia ! Power Company 7s, 1950; Nevada-Call - ! fornia Electric Company 8s, 1930; Okla , homa Gas and Electric 8s, 1931; Okla? homa Cas and Electric 7',4s, 1941; Inter? national Rapid Transit Company 5s, 1966; i Milwaukee Electric Railway and Light 1 Company 7%s, 1941; Virginian Power Com? pany 7s. 1924: Atchison, Topcka & Santa Fe common, Great Atlantic and Pacific Tea preterr-. d. Norfolk & Western Railroad, Southern Pacific, Union Pacific, United | Fruit, Pacific Oil and Virginian Power.? j E. S. Answer ?It may sound rather drastic to suggest that you .sell nearly all of , your list of holdings, but under the : circumstances which you outline we ; would not care to have this kind of i'i vestment. Common 'stocks at best are I semi-speculative, although this hardly , applies to Uni?n- Pacific, Southern ! Pacific or Norfolk & Western. But , even with these it is far safer to bo j in a position where you can watch earnings from month to month, and you presumably will not be in th.tt posi- ? tion. We "would suggest that you hold on to your Detroit Edison bonds and your list of foreign government bonds, except the Uruguays, which we think are the weakest of the South Ameri? can bonds. We suggest that you hold ? on to your Union Pacific common and I sell the rest and invest in Westing- ? house Electric and Manufacturing 7s, ! due 1931. recently selling at 101 Vs; ! Western Union 6J/? per cent bonds, due 1936, recently selling at 100-\ ; Stand- j aid Oil of California 7s, due 1931, re- i I cently selling at 104; Brooklyn Edison ! ; general motgage 7s, series D, due 1940, i recently selling at ?01; Northwestern I ; Bell Telephone 7s, due 1941, recently | ; selling at 103; ('erro de Pasco con ! vertible 8s due 1931; Northern Pa? cific-Great Northern joint 6 Vas, due 1936, recently selling at 101%; Louis? ville & Nashville secured 7s, due 1930, recently selling at 104, and New York Central convertible debenture 6s, due 1935, recently selling at 02%, dividing your money equally between them. Investing in Motion Picture Industry Question- I own forty shares of Famous Players-LasKy common stock, which aver? age me S3.2 per share. As you know, thi?: stock Is paying 8 per cent und has not yet I failed In anv dividend payments. Would you advise my selling this at the present market price, takirifi my loss, and rein- j vesting in the following: Ten General Elec? tric, ten (ieneral Motors 6 per cent pre? ferred, ??i?; United Slates Steel Common, or as an alternative to the latter stock, six ' shares of Kelly-Springfield S per cent pre? ferred stock? This will reduce iivy Income I slightly, but I am not dependent on it, and ; 1 am somewhat worried over the future of | Famous-Players Laslty.?S. S. W. Answer?To advise you to sell or to hold your Famous Players-Lasky com mon/?vould be to commit ourselves on r. speculative question, and that is : beyond the scope of "investment in? formation." We can only give you our I ' opinion of the stock. There is a vast\ ? amount of extravagance in the motion ? picture, industry that prejudices us j i against such issues as investments, j ! Famous Players-Lasky Corporation ap- : : pears to stand easily at the top of the i industry. If you decide to take ; your loss, and wish still to retain a ? i speculative interest, we believe that j your selection is a good one. We con- j sider United States Steel and General , Electric the best managed of the huge j industrial corporations in this coun- j try. General Motors common is quite i speculative, in our opinion, but we be- i lleve that the preferred has an invest? ment bearing. We would invest in Steel with the others in the list, rather than Kelly-Springfield pre? ferred.. Four full columns of in? vestment questions and an swers are published in The Tribune every Sunday The Week in Business Steady Progress Reported in Many Lines; Sea? sonal Demand Stimulates Ap? parel Trades AIDED by (.ho calendar if not by the weather, business last week took on more of the tone of the usual fall activity. The wholesale garment fields were more nctive under the influence of a large number of buyers for retail establishments who were in the market. Many ; of them were on their second or third trips in search of fall mcrchandis i in*"*;, indicating the close margin of time upon which the retailer is oner i ating. ' ' j * Outside of the finished goods field, ; however, the actual volume of business 1 in textile and kindred lines was scarcc ! My hotter than it wn- the work be? fore. Trading in cotton poids con? tinued to await the stabilization of raw cotton, although during the week some new and higher price? f*?.* finished goods were named. The volume in ,-ilks und woolens continued fair," some silk manufacturers professing to see ri lutter demand that is expected to light that trade to a parity with cot? tons and woolens in point of activity. A vast amount of discussion pre? vailed in the various trades lust week, serving to give a more clarified view of mass opinion than has been seen for some time. Dry goods jobbers, through the market service letter of the Na? tional Wholesale Dry Goods Associa? tion, set forth the opinion that cotton goods prices based on raw cotton at 20 cents a pound will not move freely in trade channels. At the convention of the National Association of Retail Clothiers in Rochester present cloth? ing prices were regarded as too high from the retailers' standpoint. Cut? ting the retailers' overhead was free? ly discussed as the logical immediate remedy for the situation. The view that fabric prices are as low as they ,'iin lie expected to "/o* for .some time to come also was expressed, leaving the inference that the clothing manufac? turers' cost of operation is still toe high. Retail trade so far this month ha: not been particularly encouraging, bu much of this is attributed to the lacl of seasonable fall weather to influenc. consumers to new purchases. Somi cut price sales of strictly fall mer chandiso have been resorted to by mer j chant6 in an effort to speed up thi turnover at present. As a local remedy for the dull busi ! ness and unemployment in New Yorl i City, a special committee to enginee ; two buyers' weeks has been form?e ! with Jesse Isador Straus, of R. K . Macy & Co., as chairman. It is expect ed that a wholesale buyers' week wil ' be held about the middle of Octobe ! and the retail buyer's' week immedi j ately after the election in November ? The plan includes special prices, rail road excursions, extended credits an : other trade stimulants, in an effort t 'move merchandise and create mor jobs for the unemployed. Cotions Continued fluctuations in raw cotto ' last week served to curtail trading i cotton goods still further. Buying < gray or unfinished goods was extrem< ly moderate, but prices nominal! j showed no change from the week b i fore, especially in mill quotation I Some second-hand1 holders of goo? i were inclined to make small offerin ? at concessions. In finished goods one line of gin; | hams and other heavy yarn dyed goo? I were advanced about 10 per cent, whi? r is less than the proportionate advan. | in raw cotton. The attitude of tl I jobbers toward radical price advanc | was the subject of much discussion ai found some support in primary sellii j centers, where the attitude seems j be that advances over old prices a ? necessary, but should be mo j gradually. More interest in wash goods for ne ? spring was shown by the jobbir i traiie, especially in centers where t | pri* e advances have not been steep. Silks The silk trade is still suffering frc i a light trade demand, although soi | manufacturers last week reported 1 slight increase in sales. Despite t \ low volume of trading that has be ? carried on for the last two months more, raw silk prices have remain firm and have made a few advanc Last week prices were firmer earli ??i the week and then eased off sligh: toward the close. Local prices r.c tinued tinder those quoted is the p mary markets in Japan and China. The hesitant, attitude of wholes? buyers is difficult for manufacture to understand. Retail volume in si! has been fairly large, according to reports, which should make replai ment buying and ordering for fut? use good, but the buyers aro st holding off committing'themselves large orders, although current demand seemed to have been stimulated slightly last week. Woolens The opening of some important lines of women's wear fabrics for spring, 1922, and the continued selling of men's wear goods for the spring'sea? son featured the woolen goods market last week. Raw wool trading was fairly active at firm prices in the do? mestic market,' while in the London sales an advance of about 15 per cent in prices were registered. There is still some demand for fall and winter goods, which appear to be in good supply ?it prices established earlier in the year. Furs Although fur traders professed to see speculation reviving at the sale held last week by the New York Fur Auction Sales Corporation, prices hov? ered closely around those hitherto pre? vailing in the open market. The im? portant fact developed at the sale was that prices appear to have reached their lowest level and that a demand for goods exists at these prices. On the other hand, the fuilure of some skins to reach the prices predicted seems to indicate that there is a strong resist? ance to advancing fur prices at pres? ent. About $3,000,000 worth of skins were sold. The retail and manufacturing ends ?of the fur trade continue quiet, largely because of the adverse weather. More activity is anticipated next month. Apparel A better market for women's ap? parel was manifest last week, when a large number of buyers from retail establishments all over the country came here on buying trips. Salesmen on the road report a better feeling among retailers and orders aje larger than thev have been previously tbis season. Some reorders also have come in from the retailers. In the main, however, the retailers are still buying cautiously, and wherever possible pre? fer' to buy goo-Js out of stock rather than to place advance orders for gar? ments to be made up. The men's wear market also is show? ing more life, particularly in the pur? chasing of stock goods. Jewelry PreparationSyfor the holiday season are being made, but not as extensive as in the last three years. Retail stocks, while gradually diminishing under the small but persistent public demand, ' still are sufficient to dispel the promis ! cuous buying, so apparent in preceding '? years. Some retailefs have deferred placing orders until the middle of Oc? tober. Orders coming in to whole? salers are considerably below the vol? ume received in pre-war years. Interest continues centered on popa lar priced jewelry. Men's high graue American watches, women's imported bracelet watches, diamond brooches and novelties ore moving in small quantities. Concessions in prices at the retail stores are commonly heard of. Collections in certain sections of the country are said to be poor. ? Leather Little progress toward normalcy was made last week in the ?eather trade. Demand for the better grades of upper and sole leather, however small, was of a steady character. Buyers in the market for lower class of leather were often accorded concessions in prices. Quotes on the select grades remained firm. Buyers appeared to be keeping in closer touch with the hide market, although actual transactions remained small. In the Chicago hide market packers are said to be sold up to date on their production of the choice hides. Stiff prices prevailed. Activity in the South American markets continued. Shoe salesmen are said to be meet? ing with better success than was ex? pected. Orders calling for prompt de? livery were turned in from districts which were previously dormant. A large volume of orders, however, called for shipment within six to eight weeks. With production in shoe factories well sustained and retail stocks believed to be at a low ebb, confidence has once more been -returned to the trade. The Week's Curb Market Industrial!? Sales. Open. High. Uw. Last. 4100*Aemo Coal... 90 100 85 100 3300 Acme Pack... 1% 1 % 1% 1 Vs. 7O0 Aetna Explos.'. 12 ' 12 12 12 4600 Ama1 Leather. 7*4 8% 6% 8% 22 do pf. 3.1 33 25 25 , 700 Am \V Paper.. 3 % 3*4 3 % 3% fiOO Auduhon Ch.. 1 Vs. 1% 1% 1% 100 Auto Fuel. 40 40 40 40 500 Br-A Ton reg. 12 12 12 12 2500 do coup .... 11% 12 11% 12 12 Butler Pros... 33 33 33 33 7900 Cal ?Cr Fruit.. 3% 4 % 3% 3 ?4 2800 Car Light. 1 ^ 1 -,?? 1 1 500C Teresa Stiff.. 2% 2% ? 2 100 Celluloid pf . . . 102% 102% 101 % 101 Vs 3000 Ch E 111 W !.. 13% 14 .1314 13% ion do w I pf. . . 29 29 29 29 90" Chi Nipple_ 3% 4% 3% 3% 500 Clove Auto. .. . 25 25% 25 25 7400 ?Col Bmerald..l0S 106 90 92 100 Com Finance.. 65 65 65 65 320 do pf. 65 70 45 60 10 Com P ft. R L 25 25 25 25 1700 Cent Motors... 4% 5 3% 5 300 ?Denver R G.. 32 32 31 31 2700 ?do pf. 75 75 55 55 100 Durant Mot... 25% 25% 25% 25% ZOODlctog Prod... 2% 2% 2% 2 % 2400 Empire Food.. 17 17 Vi 16% 17% 14100 Farrei! Coal... 13% 15 12 14% 500 Federal Tel ?. . 6% 7 6% 7 500 Grant Mofor.. 1% 2 1% 2 27900 Cien Aid Coal. 38 V, 42% 37 41 H 2S00 C.oldwyn Plot. 4 4 3% 3% 10,1 O-oodyear Tire 10% 10% 10% 10% 100 do pf . 27 H 27% 27 H 27% 115 Griffith D W.. 8% S 7% 8% 100 Havana Tobac 1111 7900 Hevden Chem. 1% 1% 1% 1% 1900 H F Holbrook 16% 16% 16% 16% 5400 Imperial Tob. 9% 9% 9% 9% 100 Inter Rubber.. 6% 6% 6% 6% 300 ?Lake Tor? P. 69 69 51 51 llOOLIbhy McNeil. 7% 7% 7% 7% ' 400 ?Locomobile .. 45 50 45 50 300 McA ?r Forbes.104 104 103% 103% 1400 ??.fanhat Trans 20 25 20 25 200 Maxwell Mot.. 2% 2% 2% 2% 4135 Nat Leather.. 6% 7 6% 6% 2fi0fl Nor A Paper.. 2% 2 % 2 2% 200 do ctf . I % 1% 1% 1% 1?50 Packard Mot.. 6 4 6% 6 6 200 ?Parsons Auto 73 73 73 73 6125 Peerless Mot.. 38% 39% 35 39 1?176 ?Perfecfn Tjre 73 79 66 66 5300 Philip Morris.. 6% 6% 4% 5 14S00 Radio . 2% 2'.; 1% 2 3000 do pf . 2 2% 1% 1% I 200 Reading ets ..16 16 16 16 200 ?Repub T R?lb> ?0 20 20 20 400 RJReynolds B. 36 36% 36% 35% 3300 South Cl & Ir. 2% 2% 1% 2 400 Saguenav .... 1% 1% 1% 1% 300 Standard Mot.. 4% 4 >? 3% 3% 15000 Sweets Co. 2 % 2% 2% 2% 540 Swift Inter ... 23 23 22 22% 100 Tenn R L A P % % % % 205 00 Tex Gulf Sul.. 25% 28% 25% 28"? 3100 Tobacco Prod.. 8% 6% 5 5 % lOOTodd Ship_ 60% 60% 60% 60% 10400 ?Triangle F. . . 22 38 22 36 1000 U S L A? II. .. 1% 1,V lA 500 do pf. 1% 1% 1,V 27300 ?F S Steam... 33 33 29 31 18700 ?l* S Ship Cp. 23 23 19 19 13*00 Vn Front Sh.. 1% 1% 1 ,V 1% 3600 Cn Ret Candy 6% 6% 5% 6 300 ?l'n Clff St C. 87 87 87 ?7 SSO Union Carbide 4? 46 44% 45 1700 Wayne Coal... 1A IV. H4 1-\ 11800 W End Chem.. 1 r\ 1% 1 1% 100 ?Willys Corp.. 60 60 60 60' 200 do 1st pf... 8% ?% ?V 9K Standard Oils 1100 An?lo-Am OIL IS 16% 14% 14% 100 All Lobo? .... 10% 1?% t% 10% It Sales. Open. Il Ich. Low, Last. 10 Chf-nbrough M.I 6(1 160 150 160 120 Galena S O... 33 34 J.I 3 3% 10 Imp Oil ban.. 73 78 7R 78 15 Indiana P la.. 76 76 7ti 76 30 Illinois 1* la...152 152 152 152 70 Ohio Oil .232 233 220 229 25 South P la.... 70 70 70 70 7I00S Oof Ind_ 71% 71% 70 70% 20 S O of N Y...320 320 320 320 Independent Oils 1300 ?Allen Oil .... 40 45 40 44 I 10000 ?Allied Oil ... 4 4 4 4 500 ?do new .... 30 30 22 22 3500 ?Am Fuel .... 15 15 15 16 3000 ?Am Royalty.. 4 4 3 3 100 Atlantic Pet.. 2% 2% 2% 2% 2300 Ark Nat Gas.. 8% 8% 8% 8% 23000 ?Boone Oil ... 24 25 20 25 23900 ?Boston Wyo.. 70 70 65 67 7300Carlb Synd.... 4*4 4% 4 4 Ai 333 Cities Service. 119 119 118 118 2100 do B ctfs.. 13% 13% 13 H 13% 50 do pf. 43% 43% 43% 43 % 200 do scrip. 77 77 77 77 200 do scrip pf. . 4 4 4 4 ? 300 Cosden A Co.. 5 5 5 5 600 do pf. 3% 3% 3% 3^ 750 Creole Synd... 1% 2 1% 1 T? 8000 ?Cu***hlng Pet.. 12 12 10 10 100 Colombia Syn. 3 3 3 3 800 Dominion Oil. 7% 8 7% 7 M 300 Edmunds Oil.. 1% 1% 1% 1 "?r 7600 Elk Basin Pet 6% 5% 6 5 y 3000 ?Empire Ky... 26 26 26 26 14C0O0 ?Engineers P. 65 68 45 45 2500 ?Fay Pet . 2 2 2 2 2400 Federal Oil... 1% 1% 1% 1,? 3400 Fen*iland .... 8 ?* % 7% Tu 500 Gllliland Oil.. 1% 1% 1% 1 * 9200 ?Olenrock Oil. 87 90 85 87 400 Granada Oll... 2% 3 2% 3 4000 ?Harvey Crude 7 7 6 6 12400 ?Hudson QJ!... 13 1,6 12 12 1660 Imp Oil oil... 8% 8% 7% 7*** 8700 Int Petrol - 10% 10% 10 101 1100 Kansas Gulf.. 4% 6 4% ih 12300 ?Keystone R.. 68 100 58 84 500 ?laivin-rston O. 30 30 30 30 1400 Livingston Pet 1% 1% 1 l? 12700 ?Lyons Pet ... 95 98 9 3 98 200 Mar-tray . 2% 2% 2% 2* 400 ?Manhattan O. 50 50 60 50 4300 Maracaibo Oil. 18 19% 17% 19' 2000 ?Marland Mex. 80 95 80 95 48000 ?Meridian .... 8 9 6 6 700 Merritt Oil ... 7 7 6% 6*' 200 Mex Pan . 1% 1% 1% 1 ?1900 ?Mexico Oil ..60 64 69 61 S00 Midwest Oil... 2% 2% 2% 2 2300 Mountain Pr.. 7% 7% 6% 6* 2100 Nat Oil N J.. 2% 2% 2% 2' 28700 ?Noble Oil .... 17 17 15 16 1000 ?Ohio Ranger. 8 8 8 8 13r"00?Omnr OH. 35 96 76 85 700 Pennok OH ... 3% 3% 3% 3 7900 Prod & Ret.. . 4 4% 3% 4 1000 ?Royalty Prod 16 16 16 16 1300 Ryan Cons.A. 5 5% 4% 5 3300 Salt Creek- 10% 10% 9% 9 1900Sapulpa Ref.. 3 3% 2?4 2 1025Savoy Oil. 7 7 4% 6 3000?Sequoyah ..'..4 4 3 '4 58 0? Simms Pet- S% 6% 6% 6 400 ?Stanton Oil.. 5; 5 5 5 100 ?Seaboard Oil. 7f> 76 75 75 5000 Skelly Oil .... 4% 4% 4 4 300 Spencer Pet... 1% 1% 1% 1 3000 ?Southwest ... 4 4 4 4 3800 South P & R.. S% 3% 2 2 2000 ?Tech Hu?h?g. 11 11 IS 10 98600 ?Texon O ft la. TO 70 ?6 ?8 1000 ?Tex Ran-rer.. 5 5 5 6 300 L'n Royalty.... 2% 2% 2% : 400 Tidal Usage... 13% 13% 12% 13 J400 ?Victoria OU.. 50 60 47 41 7000 ?West State?. . 32 33 31 3' l?OOWllcort .? 1% 1% 1% 1 $31,154,000 j The Pennsylvania Railroad Equipment Trust 6% Gold Certificates I ?.rued under the Philadelphia Plan DIVIDENDS PAYABLE JANUARY IS AND JULY 15 Entire issue (but not any part) redeemable on an>- interest date at 10.? per cent. ;?r,d accrued interest. Certificates in denomination of $1,000 each with privilege of registration as to principal. The Certificates now offered mature in annual instalment-, of approximately $3,894,000 from January 15,.'1928 to January 15, 1935. They are part of a total issue of $58,412,000 maturing from January 15, 1921 to January 15, 1935, of which the Certificates maturing January 15, 192] hav been paid. These Certificates are issued against stanc?ard railroad equipment under an F.quipment Trust Agreement between the Director-General of Railroads, the Railroad Company, and the Guaranty Trust Company of .Yew York, Trustee. We are informed that these are the only Certificates which have been issued under such agreements under the Philadelphia Plan. SUBJECT TO PREVIOUS SALE AND CHANGE IN PRICE WE OFFER THE ABOVE CERTIFICATES AT PRICES TO YIELD 5.80% UPON THE INVESTMENT IF HELD TO MATURITY AS FOLLOWS: Certificates maturing January 15, 1928, at 101.04% and accrued interest 15, 1929, " 101.18% " 15, 1930, " 101.30% " " ' " " 15, 1931, " 101.42% " 15, 1932, " 101.53% " 15, 1933, " 101.64% " 15, 1934, " 101.74% " *[ " 15, 1935, '* 101.84% " Pending tlf-fc preparation of the definitive certificates temporary receipts of United Mater- Mort? gage & Trust Company, New York, exchangeable for definitive certificates when received by th?m, will be delivered. The right is /eserved to reject any application and to allot a smaller amount than applied for. Kuhn*. Loeb & Co. The National City Company Guaranty Company of New York Dillon, Read & Co. Kidder, Peabody & Co. Lee, Higginson & Co. Brown Brothers & Co. Blair & Co., Inc. Cassatt & Co. The Union Trust Co. of Pittsburgh Girard Trust Co. of Phila. Commercial Trust Co. of Phila. Continental and Commercial Ti*ust and Savings Bank, Chicago. Last. 17% Sales. Open. High. Low. 1100 White Eagle.. IS 18% 17% 2200 ?Woodburn ... 90 90 70 70 88100 ?Y Oil . 28 54 28 ins Mining 45000 ?Alas-Kr Col.. 40 43 32 40 500 ?Beaver Cons. 20 20 20 20 2000 ?Belcher Div.. 1111 5000 ?Black Hawk. 4 4 4 4 3C500 ?Biff Ledge... 26 27 20 2.3 100 ?Boston Ely... 40 40 40 40 29500 ?Host <fe Mont. 7:', 86 73 84? 19000 ?Cal & Jerome 16 16 12 16 3600?Canada Cop.. 36 36 32 32 200 Carson H ctfa. 13% 13*? 13% 13% 29200 ?Candelaria M 26 26 23 24 1800 Carson River.. 2 2 2 2 1000 Cons Cop M.. 1% 1A 1 1% 100 Copper Range. 34 34 . 34 34 400 ?Cop Canyon.. 96 96 96 96 21600 ?Cortez Silver. 80 82 79 80 8500 Cresson Gold.. 1,?? 1% 1% 1 ?, 2000 ?Crystal Min.. 20 20 20 20 43500 ?Divide Kxt... 25 25 20 22 300 Davis Daly.... 6 6 6 6 1800 Dolores Esp... 1% 1% 1% 1% 41000 ?El Salvador.. 16 17 14 15 139800 ?Eureka Cr. . 30 37 30 32 2700 Eureka Holly. 1 ht 1 i1* 1 1 1000*49 Mining...- 35 26 25 25 300 ?First Nat Cop 58 68 58 5S 38500 ?Goldfleld Flo. 40 41 38 3D 19000 ?Gold States.. 40 47 .40 46 4000 ?Gold S Pick* 10 10 9 9 23100 Gold Zone. 8 S 6 8 2000 ?Green Monster 6 6 6 6 39000 ?Barnim Div.. 16 19 14 16 1500 Hecla Mining.. -1 ,'? 4A * 4 t1* 400 Hollinger .... 6% 6% G *? 6% 100 Howe Sound.. 2% 2% 2% 2% 3500 ?Iron Blossom. 17 18 17 IS 18500 ?Jer Verde ... 20 22 11 21 2000 ?Jumbo Ext . .. 3 1 3 4 R00 Kerr Lake.... 3% 3% 3% 3% 85O0*Knox Divide. 10 10 9 10 100 Lake Shore... |^ 1"% 1% 1 if, 1500 ?La Rose Mln. 35 35 35 35 3600 *Lir,- Mar Coal 6 8 6 8 20nn ?l.one Star. ... 2 2 2 2300 McJntyre . 1% 1% 1% 1% 7100 *McKin-Dar .. 14 IK h is 26000 ?McNamara... 15 15 13 13 10500 ?McNam Cr... 7 7 ? 6 9000 Mh-ma <'*hlef. :\ ( ., 3 600 Magma Cop ., 21 21% 20% 21% 2000 "Marsh Mm:... 3 3 3 3 R00 Mason Valley.. 1% 1 % 1% 1 " 4300 Motherlode clt. 4% 4% 3% 4 % 600 do new . C% 6% G % 6% 29300 ?National Tin. GO fio 51 56 29500 *Nev Ophir ... 40 42 34 41 70O New Cornelia.. 13% 14 13% 14 14500 ?Nev Sil Horn. X 9 7 8 5 00 New Dominion 1% 1% 1% 1% 4800 Nipissing . 4 ?S 5 4% 5 200 ?Parilic Tungs 10 m 10 10 9500 ?PtUsb Mt S.. 34 35 31 32 2000 ?Prince Cons.. 15 15 7 7 10200 ?Ray Hercules 20 20 15 20 1000 'Red Hills ... 2 2 2 -2 8000 ?Rex Cons .... 9 9 8 9 130 0 ?Roch Mines.. 15 15 15 15 3000 ?San Tov. 4 4 3 3 800 ?Silver Dale.. .33 2 2 400 ?Seven Metals. 5 10 5 10 200 ?Sil Kg Ari/.. .4 4 4 4 100 'Sil Kg Utah.. 70 70 70 70 200 ?S-.lver Mines. 40 40 40 40 1200 So Am P & G. 4% 4% 4% 4% 1000 ?Stewart Min.. :i 3 3 3 3300Tlntlc Stand.. 1 }J 1," 1% 1% 2800 Tono Belmont. 1% 1% 1% 1^ 1000 ?Tono Cash B. 5 5 5 5 81000 ?Tono Divide.. 67 67 54 62 800 Tonopah Ext.. 1% 1% 1 ,V 1 r? 3000 ?Tono Jim B.. 7 7 7 7 2500 ?Tono Mizpah. 7 7 5 5 100 Tonopah Min. 1 ,V lA 1 iV I?5? 2500 ?Tuolumrio ... 41 41 40 40 3100*1' S Cnntnt!.. 51 51 45 45 100 United Zinc ..1 1 1 1 100 Unity Gold ... 4% 4% 4% 4% 8400 Untd Eastern. 2% 2% 2% 2% 100 Un Verde Ext. 25 25 25 25 6400 ?West End C.. 80 87 80 86 2333 ?West Dome... 8 8-56 1400 ?West Utah ..20 20 18 18 34200 ?White (raps.. 3 4 2 3 1600 Yukon Alaska. 12% 12% 12% 12% 2000 ?Yukon Gold.. 85 85 80 81 ?Sells cent8 a share. Bonds Sales (000 omitted). Open. High. i/ow. Last. %1?. Allied Pack 6s.. 41% 45 41 45 98 do 6s ctfs. 39 44 38% 44 78 Aluminum TM.... 98% 99% 98% 99% 1 Am Tob 7s 1923.101% 101% 101% 101% 340 Am Tel fis 1922.. 99% 100 99% 99% 172 do 6s 1924- 98 99% 98% 99 36 Anaconda C 6s.. 90 90% 90 90% 113 do 7s 1329.... 95 95% 94% 95% 118 Ane-A Oil 7%s.101% 102% 101 .102% 1 Armour & Co 7s.. 99 100% 98% 100% 43 Barnsdall 8s.... 961,4 96% 96 96% I? Beaver Board 8s 74 74 71 73 20 Beth Stl 7s '22. .100 100 100 J 00 21 do 7s 1923.... 98% 99 9?% 99 97 do 7s 1935_ 95 97 94% 97 18 Can N Ry eq 7s.l01 102 101 102 4 4 Can Pac 6s. U % 99% 98% 99% 80 Chic E 111 5s... 61% 61% 61 61% 27 Col Grapho 8s.. 49% 49% 44 44% 26 Cop Exp 8s '22..100% 100% 100% 100% 37 do 8s 1923_100% 101% 100% 101% 41 do 8s 1924-101% 101*4, 101% 101% 37 do 8s 1925....101% 102% 101% 102% 21 Cons Gas 3s.100% 100% 100% 100% 6 Deere & Co7%s, 94* 94. 94 94 2 Kansas Term 6a 99% 99% 99% 99% 6 Gen Aaphalt 8s.. 99 V* ?9% 93% 99% 59 Galena S O 7s. . . 96% 97 96 96% 211 Goodrich Tire 7s 91% 95% 91% 95% 72 Or Trunk 6%s. .. 98% 98% 98% 98% 149Gulf Oil 7s. 99% 100 99% 99% 11 Heinz Co 7s.100% 100% 100% 100% 238 Humble Oil 7s.. 97% 98% 97% 98% 111 Inter R T 7s_ 77 81 76% 80 136 do 8a 1922- 75% 79 75% 79 50 Kennecott C 7a.. ?4% 94% 94 94% 31 I^iclede Gag 7s.. 92 94% 92 94% 24 I.and B Ch 5%s.l01% 101% 101% 101% 42 Lib McN tk L 7s. 96% 96% 95% 96 5 Morris & Co 7 %s. 100 101% 100 101% 28 Nat Clk te S 8s. 89% 89% 87 88% 1 Nlflffara F P 6s. 92.% 92% 9? % 92% 10 Nat Leather 8s.. 96% 96% 96% 96% 45 N Y N H & H 4s 55 55% 53% 55 7 Ohio Clt 7s 1922 98% 98% 98% 98% 2 Ohio Power 7s.. 94 94 ?4 94 8 Otis Stl Ss. ...... 99 99 89 99 81 Philippine 7%s.. 9?% 97 96% 9?% 2 Proc & O 73 '?*2.100% 100% 100% 100% 15 R J Reynolds ??.100*i 100% 100% 100% 21 Sears R 7s 1921.100 100 99% 99% 70 do 7a 1922- ?8% 99% ?8% 99% 1!9 do 7s 1923.... ?7% 98% 97% 98% 20 So|v?*y et C 8s..100 100% 100" 100% 31 Southern Ry 6a. 98% 99 98% 98% 104Sthweat Bel 7s.. 97% 99% ?7% 99% XI 8 ON Y la 1926.103% 102% 142% 102% Salea. Open. Hisrh. T-ow. T.*?**. 2 do 7s 1926... 102% 102% 102'-, 102% 17 t?o 7s 1927_102% 10?% 102% 102% 4fi do 7s ?OI"1?. . . . 102% 103% 102% 103%. .*! rio 7s 1929....103% 103% HV.'-i 103% 17 do 7s 1930. .. .103% 104% 103% lOJy 15 do 7s- 1931. .. .104% 105 104Hli">5 56 do ti-^s .102% 102"". 102% 102% 72 Sun Oil Ts. 95 95% 04'a 95 171.Swift 7s 1925... 09% 100% 99 100% 136 <lo 7s 1931.... 99 100% 00 100*v ?7 ToaK-i &. Co 7s..100 100 1? -?no 100 1,, 141 Toi Kdison 7s... 96% SU, or-i,, 98 29 Un lir-jR Rs. 07 98 07 98 4 Un OH Pro-I 8s..l00% 100't leo-', 100*4 44 l*r. Ry l?av 7%s 97% 98% 97% 0SU 9**-Vacuum ?il 7b..102% 104*4 102% I0.iv, 40 West,-rn Ele.-r* 7s.l00% 101% lOO^t, 101% 14 Winchester 7a '23 00% 91% 00'-.. 91% Foreign Bonds I 210 Berlin 4s . 8 8% 8 8*. 8 Frtneh Viet 5s.. 5?> 5*3% 55 ft'O-j 17 German Cov 5.?.. 7% 7 ?n 7% 7% 139 Han-burs 4%a .. 9% 12 0 12 S 4 rio 4s . 8 S S R 10 Leipzig* 4 H s .... 10 10 10 10 5 do 5s . 11 11 11 11 11 Russian '"".is ... 15% 15% 15 15 10 t?o 5%<j . 15 IE 35 15 70Svt-iss 5V-.S ..'... 60% 90% 89% 90%] 402 U S Braail'88.. .-, 99% 99% 99',g 99*' Buyers Arrived Fairchlhl Service ALBANY W. M Whitney; Miss AI. Hall, yarns, art goods, pictures, statues; 1164 B'way, care Fellows. AMSTERDAM, N. V. Max ?'".ray, men's clothing, women's furnishiiiRs, infant's wear; Pennsylvania. ATLANTA J. B. Fallai-.e Co . .1. B. Faltaize, nuls--. mgr. : .1. Apperson jr.: Breslin. ATLANTIC CITY Hirsch Stores Corp.; L. N. Hirsch, e*-n era! mdse. ; Homan & Hartblay, 117 W. 33d st. BALTIMORE Hochschifd, Kohn & Co.; .1 l.ohrflnck. talking machines: 220 5th <i v . care At kins. Hrsenherg'sr H. Sterfleld, dresses, coats. suits, sweaters. .17 W. 26th st., care Ben F. L**"V|S. Joel Gutman; Miss A. Cuningrham, Harr:.? Clothing Co.: R. Harr'.?, elothir.fr ; waists; Weil! & Hartman, 115 W. 30th *. M Rider ?- Sons. S IL-i er, dry gixxjr Herald Square. P- nnsylvanla, M. L. Bloom (? Co.; M. L. Bloom, weol-B piece goods. Martinique Cahns-Coblena Co.; Misa Adelaide T. ? Decker, dresses, coata and ?u:ts. fur?. f?r c< ata; Gregor ian. BIRMINGHAM, ALA, Loveman. Joseph <"?? ?.oeh: K. CnMbert, notions, toilet goods, ribbon?, handker? chiefs, neckwear. Jewelry; Leo Loeb, mil liner>. gloves, hosiery, 116 W. .*.2d jt., c*r? Alfred Kantl. BIRMINGHAM. AI A. Pari?ian Co ; Carl H--?s. joba bettfr ?nr*U ami dresses; S. Solomon. 1261 B'way. BOSTON O'Gorman, Wad- & Powers (?o ; A f. Powers, mfrs. dresses; .?rand. Zakon the Furrier; I. Zakon, fur?; Ma Alpln. Filene's; Mr. Watt, gift shop. 225 D-th??. BOSTON Dutton's Roxbury store: F D l.lnfhan. bovs' clothing, underwear, lingerie, bosl ery: Broztell. Jordan. Marsh Co.; Mrs. I. AHItnua, ladies' coats and skirts, ?basement) F. A Burwlck, women's coa * :n.| skirts; Miss M. G. Cronin. Infant s wear: F. A Fuller, furs; Miss M E. Knight, ?*annei?: ( basement ) Miss F. M. White, rr.iaaii' dr. -ses? suits, coats; (basement) K. J. Perfdergast, gen. mdse itigr 433 4th av. CHATTANOOGA. TENN. Schwartz Broa ; S. Schwarti, drrnea; Pi nnsylvania. cmcAGO Charles Rubens Co . A M Bate* trlra mings, fancy braids, etc.; Pennsylvania. KiUman's; E. Levj lewelry, drugs; HI ."?th av., .are Hart Fiai ? M.-i\ Levy, jewelry; Pennsylvania. Man.;- 1 Bros.; I K< ssl? ? dreaaea, ciftfa an.', sa:?--; Miss Dorothy Gibaon, no'iona: Mi B lit Reld, r presenting; 13 E. 2?d?t K. Abrams, general mdse.; .iran-i Weiss & Co . Arthur Welaa, woHmi pleci r ds, silk . aatins v Ivets Imparial. M. Lubln. clothing, furnishing giod-tmi hais: Pensyl' . Eiseman Mfg Co.; R. Elseman, chil? dren's dress..? am! .-..a';- '7 a 33d at Rothschild ?- ?' A '" Berwanger, la? dles' coats and dresses; fr>"! Ith av Philipsborn's: Ben Baker spring heute dresses, kimonos, aprons, white ir-sjesan? (Continued 0.1 paot '-?"*???) Week^s Stock Transactions Datr. Apr 30 Apr 29 Sept 13 Jan ? Jan 3 Jan 13 ?Jan 10 103/4 Apr 26 45 Jan 10 271/2 May 16 36% June 21 C8 July 16 34 Jan 4 106 Jan 19 47 Feb 16 207 Jan 7 121-4 Mar 3 26 Mar 3 62'/* May 23 19 May 8 7 Jan 13 271/4 Jan 19 74'/2 May 3 58% May 18 79-34 Aug 30 103*7, Jan 4 35'/2 Jan 17 86/2 May 6 112 Jan 27 591/x J?n 19 12% May 17 41 Jan 11 80 Jane 20 $5 Jan 25 42/2 Jan 11 102% J?n 18 9</4 May 12 May 9 May 10 Jan 11 Jan 20 May 10 May 6 May 9 7O/2 Jan 10 94 Apr 12 96% Jon 14 49% Mar 29 111', May 9 19/2 May 9 44 May 2 17% Jan 9 181-2 Jon 11 10?/a May 4 42 May 3 47 ? Jan 7 89% Feb 8 Low 1921. 251/4 43% 83 3% 26 4% 6% 29 16% 153,4 Apr 30 210 20% Mar 21 175 May 3 72 Sept 13 91 Jan 13 20 Jan 6 13 Apr 25 44'/j Apr 25 75 Jan 13 25'/2 May 19 123% Sept 24 111 2 VI 12" 119 45 76! 15 6 28 57 15'/( 62 i/i 19 46 , 36% 95% 6 17 46% 11'/2 5% 8% 43% 41'/s 40-/2 74 26 70% 105 41'/, 8/4 25'/a 72/2 59 20% 57% 5% 7 18 8 Va 49'/2 8% 14/2 2O/4 58 76 81 Vz 38% 7% 13/a 29/4 7 ?'/? 5/4 23 31 Date. Aug 24 Jan 3 Jan 5 Aug 29 Aug 10 June 20 Aug 26 Aug 26 June 21 Jan 5 Aug 24 Jan 20 Aug 29 Sept 12 Mar 24 July 1 Aug 25 Ang 24 June 21 Sept 12 Aug 25 June 21 July 18 June 8 Sept 13 July 27 June 20 Aug 25 Aug 26 Au,; 22 Jan 3 June 20 Sept 23 Aug 30 Mar 11 Aug 27 Aug 27 Apr 1 June 23 June 21 Aug 25 July 11 June21 Mar 14 Aug 17 July 30 July 30 Low 30 72' 97 28' (Continued from pags twelv?) Div. in $. Sale?. Rich. ? Stromberg Cnrb .... 800 32 7 Studebnker .172500 77' 4 8 do pf . 100 97 ? Rub Boot Corp. 1200 4'a ? Superior Oil . 900 4% 6 Superior Steel _ 1400 32% ? Tcmtor C & Fr. A. . 100 7 ? Tcnn ("op & Chem. . 800 8' 3 3 Texas Co . 41000 36 ? Texas & Pari8e. 9800 23% 1 Tex-Pac C & Oil... 84O0 1933 ? Tex & Pac Land Tr. 405 255 ? Third Ave Rway.. . . 1200 17'8 8 Tidewater Oil. 10C*120 6 Tobacco Produce 30OO0 69% 7 do pf. 100 ? Toi St L & W pf ctfs 100 16 ? Transcontinental Oil. 11200 8' 4 Tran? Wm-s Steel... 1300 37! 8 Union Bag & Paper. 2O0 61 ? Union Oil . 4700 1i*y_ 10 Union Pacific . 13000 123% 119 4 do pf. 1300 6534 64' Net Clott. ???"?if* 31 -H* . 74'/-r- tyt 97 - 4 - V* 4%~ , 29 ? SH 7 -1 S 8'u-' 34% 35' r-' 21% 23'-tT 9i 18'0 W/r-114 250 250 ? ? 15% 17J4+ ? '120 ?120 - 2 ??.,? 65'8 67' z- V. 84% 8"% 84%? m 16 7| A 35 60 17% United AIlo\ ,- ^el.. 600 26 United Drug . 13500 57 do 1st pf. 100 40 United Fruit . 3300 110 2b' 54 40 16 f 1 7'2? !?'* 37,4+ *? 61 + *? ?17%? *? 122'. 4- 2'-? 65%+ *? 26 - 1 55%-+- % 40 ? Union Rway Inv... 400 ?io pf. 1000 In Retail Stores... 27900 U S C I Pipe & Fd. . 200 U S Express. 100 U S Food Product*.. 61100 U S Ind Alcohol. ... 11100 U S Realty & Imp.. . 5100 U S Rubber. 30000 do 1st pf. 1900 U S Smelt & Ref. . . H?OO United State? Steel.. 151000 ?106', z* 107%+ r. 8 19% 54% 15'/-. 5% 13% 48 53',4 50 88 32! s 80% do pf. 1400 109 Apr 11 105 55% May 5 9! 4 July 30 ?fis -iiridcad. 30/, ??/a Mar Mar 11 Mar 11 Jan 6 Jan 4 Aug 26 June 23 Aug 24 Ang 22 Aug 10 Sept 8 Aug 22 June21 June 21 June 24 July 10 Aug 25 Jan 3 Aug 26 July 15 Aug 1 Acg 25 Aug 26 Jane 23 2 Utah Copper . 120O0 50% ? Utah Secur Corp- 200 9% ? Vanadium Corp . . . 23800 33% 7 Van Raalte 1st pf.. . 200 76'-> 6 Va Iron Coal & Coke 500 67% ? Va-Car Chemical . .. 1000 30% ? do pf . 500 76 ? Vivandou Inc . 8100 8% ? Wabash . 1800 7% ? do pf A. 1400 21% 1 Weber & Heilbroner 1200 12% 2/2 Well? Fargo Exp... 400 68/2 ? West Maryland _ 400 9% ? do 2d pf. 600 17% ? West Pacifie . 1500 24% 6 do pf . 300 61% 7 Western Union Tel.. 1100 83 7 Weatingh Air Brake 2#0 36% 4 Westinghonse Miff ? 3400 45% ? Wheel t. Lake Erie. 720 8% ? do pf . 400 16 4 White Motors . 100 33% ? White Oil . 800 7% ? Wick wire 8-oeneer. ? ? 200 13% 1 -? Willy? Overland ... 6000 6/4 6 _ do pf. 300 28"%. 26% 5 Wilson O . 200 35/a 34 ? do pf . 100 80 80 8 Woolworth . 200 111% 111% 4 Worth Pump 4% Math 1300 41 39'/a - : 441 .25 Wri-fht Aer. . 100 V/? 7/a 7^+ * 8 18% 51 15 ' 5% BY, 45' 2 49% 46% 85 30 77% 109 48% m 30 75 67% 29! ? 75 7% 7J4 20 11% 57% v/* 16% 21% 60 82% 85 44 8/s 14% 33 7% 8 -' 19 4- V* 53 - * 15% 5%- ?** 9'..- ? 47 -1 52 ?? 49' 2 -r V* 86 ? 1 32%-r 2% 7?%- .14 io?'/r- '*? 49%? '/? 9'r- V? 32'/i? h 75 -4'/i ?714? 29%-r 76%+ 8 ? 7%+ 2114+ 12% 58 ? ?%4 1714 24% 61% 83 - 86% r 45'/4 + 8%-' 16 + 1V* 33-14 V/r- V* '?? % 't 14 % h y? v. 1Vi u 1% Pft H 3% 13%+ * ?1 28'/: 34 M -1 80 + Vu ill?/r-* ( 41 + T*| 7<a?+ IM