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Executor Trustee Chartered 2822 Tho Fanners' Loan and Trast Company Nos. 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue At Porty-first Street New York London Paris Foreign Exchange Administrator Guardian ITember Peder?! Eeserve System and JTew York Clearing HonEe ?r= 14 Cautions For Traders In Securities If you would avoid the most common mistakes made by traders ? call, 'phone or write for a copy of our book? let, "Fourteen Cautions for Market Traders." It is one of the most helpful ever pub? lished. One hundred years of trading experience boiled down. Tells which type of securities to buy or sell; the principa?, reasons for losses; explains market movements, etc. Ask for No. AJ29. RASMUSSEN & Co. Ill Broadway ...? KS - BONDS - GRAIN New York I. Rector 4061 FINANCIAL MEETINGS THE rnASH NATIONAL BANK OF THE CITS OF NEW YORK. New York. September :9th, II21. TO 711 r. PTOCKHOUiERS: .a., ? (a here!;:, given that ? Special t -? rig -r the Stockholders ol the Rank ? ill be '.. I at 'an Banking Rooms at 57 P.roarlwi -, Borough o? Manhattan, City of .*'-?* York, State of New To:k, or, the '.?? ?1a:-' of November, 1921, ?t 18 o'clock noon, ? - * purpose of ratifying and conflrru ? ig tho tenna and conditions n.arre?,: upon ?? irlty of the board of director? of The Metropolitan National Bunk of th? ' New York and by a majority <>: the board ?'. directors of this Bank to late the ??id two banking: associa i:o::s Into one association under the char ter of The Chvse National Bank of th? ? uy of New York; find fir the transac n of such othei business as may prop ? a come h-?fore the m?"ti:.c. By order cf the Board of Directors. W. P. HOLLY. Cashier. CHASE FXCPRITIES CORPORATION. New To-':, Sept 29th, 18?1. IE STOCKHOLDERS: ? e la hereby given that a Special Meeting of the Stockholders of Chase ; Securities Corporation will he held at It? nfnea at <? i Broadway, Borough of Mar, ? . r New York, State of New v ? ;? on the 1st day of November, 1921, o'clock in th.? afternoon, to con U] ; roposala to Increase 150 0O0 to 200,000 the number of shares, without r mlnal or rur value, j ?he Raid Corporation may Issue ?rid the amount of Its stated cnpital from I 00 ?o J10.000.000; the condition? which such Increase shall ber.ome effective; the consideration for and the tern s and < ?ndltlons under which. If I ted. said new 'r additional shares be Issued; and for tho transaction : of such other I slnens as may proporly \ me before the meeting. By order of the Board of Directors. E. !'. TINKER, President. HALSTEAD U. FREEMAN, Secretary, THF MTTTROPO? rTAN NATIONAL BAN'S OF THE C1TX OF isEYV YORK. Vew York. September 2*th, 1121. ?HOLDERS: g Is hereby give?, #hat ? Special an a ' 3ei s of the Bank , a. at it- banking rooms a* t". '??.'?? ? ' Manhattan, City i at? ol N iw York or the 1?*. day ?.1 1921, at I a. in the fore- i no ? . for thi purpose of i at' - . .'? '?? ' H iiing the terms ai?d i ondt " -? ? ed v.. .. ma orlty of th? \ board . . cllrecl ?rs of rha Chase National : ' '. ? City "1 Nev. ?orlt and by a ? .? of the board 't ?.'-?-ctors of thi? ; .?] .. . ?sol?date the said two banking j associations Into >ne association und^r th? i i ,?r-.-- i:l The Chase National Bank of? ?r.o City or New Y irk; ai : for '.h? trans- ; action of such oth?- business as may prop- ? ?riy come before the meeting. i>7 arder of the Board of Directors. FRANK V7. FHA7.EK, Cashier. FINANCIAL TO THE HOI.PKRH OF j TtTO Rl:< roil STREET CORPORATION1 FIRST MORTGAGE 15-Tear ??-, Sinking ?'nml Gold I.oou I 'rtlUcfdea I??ie April 1. 102.1 - ? ; .-''..? given, 'as provided In Artie!? f the mortgage dated ' arch stween Two Reitor 8treet ? or ? ?? Trust ?m . -? y of ( , igee, that '.i>.-rs will be' ? A. M., on Thurs at the office of I he Broi ?'? ?.<?* . va w Torlt | ?sate as Kinking Kun-il rest prices at which su h : ? ? offered, not exceeding f pal icd Interest, of cer '? i'< ? ' ?s \vl.l exhaust ; Tho i? ' i.'.', Thi ???) ars ;. r.d Twentj - ' on deposit In l?ie ? ' se rsed "Offers to iho ? , tl Ol -"-."' ? . ???< ? i -;- ige . ? es - ? - ? ind Gold a ;,.. Certlfl ates" and b* a ! ressed t)ej ai ' - ' - rl| serve?! 1 reject any ; a- '. '?' - ??' '? ?MPANY OP NEW '? '/ft K HARI.Bfl H. Sati-". President. ' ' ' CO-PARTNERSHIP NOTICE I 1 ? ? ? ? ; counts: of! I ; . ?s. OARDNBH A COMPANY?-TO W;?" .? | - ?.'.AT CONCERN !',?> It ?:rc*-. ? ? ? , signed i ?v? ; ?rn >"i a llmlti I - - ; a -? ereh ,??.?-.-- i ?.. ? * \ under the (.: ? i n?, - ..r GARDNER IPANY w;-h It?! ess In Ne w York the gen? al nal ? of ?> , --'i :? to be ??...?. of dealing - r '< K h t. I as? securl 11 es ! -., - their ? ?" ., ? >. a ' ' i ? f.i tnsrg are) all of full age a.-.o their ns.-i.e* ? * ? '-ir?:??')-! are *? fo / ? ir i Gardner, g?r.-'?i p?r'n?r, ?>,, resides al H .?.??'? Drive, New STorlt I l'y. .'??",;.?. e fJ titeln, s;,i-;'a) par! - ? ;.-, reside* ** 4i0 y.zt.fi Avenue, Brook* : ?? ftrom* D Stein, sp?< al psrtner, i -> ' ? sum '..' ti^.o-.v (Twenty- I ' * Dollars) to the capital of ? ? is ur.d "t.?'. ?.? ' : sum |.ss b?en actoally ?-,'] In it od fan-, paid (/>' bl/n In ? ??'. to ?lia ?m<l llrm. .'-....I ,;::. Ii?d partnsrsblfi Is ?<. begin or, Septemb?/ ?i... ?.-?-i i? to end on :.-..? ? ? 1 ? LatSd. U'^'?.-i?;?r H'?,. 1J2I. />!< 1 H'l: 1 l.Al'l, .'U'? ?TEROM? D ? ' ' I Island Oil Invincible Oil Phillips Petroleum Producers & Refiners An outline of the above issuc?' market position given in cur? rent number of the "Financial Forecatt" In requesting1 copies ask for Circular 57. M S WOLFE S? CO. , ESTA*l*tSUKO M909 ">, ??Member? ? C0NS?.'BATE0 6TOCK evCHANO* OF MEW ?WU N6W VORK. CURS MAR.K.KT 41 BROAD ST.,-NEW YORK Prio'e: Broad 25 Miscellaneous Markets Public Utility Securities Bid Ask! Bid ?p.,? A d P A I.. Ti 14 CPRAI. 7 10 do pf... 74 82 ; do pr... 24 ?" ?AmLiTr 89 03 :RB*Hp: 82 Mo pf. . 73 62 B t> E31 rf "4 74 A O & El.108% 10S% EGAFCo6s 03 86 ?do pf.. 4n% 41%j do 8% en 84 88 Am P ft ?j 6 ', tf5 > do 8% pf 77 S7 do pf... 72 74 : do8"?on 80 SB Am P Utl 8 " 3 F 1j * 1 v. .1 in do pf... i? 20 ! do pf... r.:> eo Applch P. 4 ? NoSta Pw 43 4* do pf. . . 4' 50 do pf... 78 SI CarPRAL. 2? : ?) Rep-R <? T. 6 < ' Cntl Sta K. fi S , do pf. . . 17 ?1 do pf... KO S", So Cal Ed 91 93 Cities Svo.183 185 ; ?do pf. . 57 100 do pi... f,U 68 ?Std O ABS 10 I do B sh 21 21% do pf... S3 86 j 7%dsB103 105 TRLtP, 1 2 do (.'.. . . f.- '.'i do pf . . . * 5 % ] do P... stt% 88 ,t:n !. ft ft 22 24 ?do pf B 6% 5% do la: pf 81 fil Co! Pwr.. s lo West Ptvr. ?.l 89 do pf,.. 72 76 do nw pf 71 74 I ?Ex dividend. Bends AC-* Eis 82% 84%l51 St P ?8. 88% M% ' Al'4 1 Ca 7 5 77% IT LAB. 6a 74 71 AplnP 6s ."< 78 UvahSec 8* 82% 33% Col P 5s.. 7 4 7S \Via lid os S7 ? El Paso 5s ,7 ?S Tobacco Stocks O W He'. .154 ISO IPRTT,, 68 ?8 do pf... 90 03 'Union Lt .14? J ? Young 78 SO Weym B..160 180 do pf... 68 93 ' ?do pf.. ??? 92 I McA A r'.KO 104 . ?Er dividend. Chemical Stocks A.--. Cyn... 7 12 Ky Soivay 16 4S do pf... T8 95 |*MercCpf 65 --- | Cuseln Co. 30 45 Merrlmao. Ci il Dow Ch... ? ?00 iMulfd Co.. 40 L0 r>u Pont.. ?% HUl ?Ex dividend. G:a.::ei;i ..130 136 i Sa?rnr Stock? <~?r Pu? . li 18 [Ort Wat pf 85 *oo Cent Hug? . ? ll??Mt Am.... 10 20 do pf... ? 1" National.. 04 B8 C Afulrre. 45 47 ..'?'! Nique..100 116 j FJrdo new. ? 50 Savannah, 1(! l.'fl Grl Westn 90 100 I do pf... 33 41 I Miscellaneous Stocks ?Am I td.. 6% S |Crl< W pf, -5 sh do pf... SO 43 n L A W. B3 S7 ?.in Mf pf 72M, 75 Draper C.127% ? A M Se r."130 155 Ifntl St) pf 82 87 Am Td pf. S% S % Nati Calct. 73 S5 '. ?- rype F 40 45 N Cp st pf. 85 A n t n j i-'i 40 |P ft w pr bo no Atlas P C. 40 4.") iPhelpa U..1E0 ? ' 1i B Bpl... V 85 Ryl ilk? !? TS 82 do 2d pf. E6 - - do pf. . . ?1 K4 ; Borden'? , i-1 83 S C H L...G9 cs Bush T pf C". ".-. Slnrer . . . 93 94 ' Celluloid. .101 103 SCLRMAP. 33 43 ! C'ltlds Co. 84 ?1 W ft n... *?> 92% do pf... ?3 100 Tele ft T..230 240 City Invst. 50 eo I ?Es dividend. SifH'l and Ordnance Stocks ? -.-. Bras8.1R3 188 Em S & I. ?? 27. i Arias Pw .10? 114 do pf. .. 4ii (??' ?Bab s W.102 105 ?Here Pmc.130 135 Carb Steel 1 :, -o ?o pf... 81 83 d > lat pf 35 45 Mlles B P. 53% 55 do '.'?'.. . I? 25 Jo pf. . . 8r' 90 C< 11 A_ 27 30 Koov Mfff.290 310 ?.??i Pont....103 !-.0 Thmp Iron 15 25 ?do pf.. 66% K8%WlnCornw I, 20 East y?e-l 15 25 WoOdw. - 45 ?67x dividend. Trust end Surety Companies AlHanro .... 70 ??Lincoln Tr..1?? 165 ?American.. - ? Manofctra . .?f5 Am Surety.. CO 05 Mercantile ..260 800 Hn-.lura ,...803 807 Metropltn ..230 240 Bond ft. Minti? 220 Mtg Bond... , s 86 Hlryn T Co..41" 420 Mut T W....10? 116 On' Cnion..S20 ,7 40 M Y Title...H? Columbia ...2S? 292 Nt! Surety...185 lufi Commrcl .... 136 N V I, a T..5H0 565 Empire Tr...300 ? N V '?'rust.. 294 go;: Equitable T.?S? 275 People? .270 sno PiTe.ra L ftT..r6l 370 Realty As80.. d.1 106 Pldl ft Int...300 210 Title Guar...3?O ? Pulton.;r"> ?>60lVtd Rtatea .865 886 Ouaranty ...?10 216 TJ 8 M A T. .260 27? Hudson ... .170 -?U S T 0. 77 87 K.'ngH .600 ? Wstchatr _no r.wyra T -104 lOS'W ft }'. ft M 160 HO :.<v,:s Mtc..ll6 ? tSea N Y Title. "New V'ork Bank Stocks America ....175 ?80jOotham . ...19? 200 \tlantlc ....210 220|Qreenwlch ..2"5 255 Am Km.h ...220 240 Hanover . ...775 7.45 Batter.'3 168 Han Irnan . .1(45 y-?O Bowery .-4::5 4?0 Imp & Trd?. 4?? El? Hway Cntl. . i 130 ?". luatrlal .. 157, in? Bryant i'lc ,1?5 I76|lrvlnir Ntl..,180 i*'0 Bronx Nat-0 lit Mnhttn Co. ..18S '? ?? Butch A Dr..l30 ItO.Mcit ic'.. 830 815 '"?el Morel. .190 200|MetropHn ...360 Chaao.270 289 Mutual.M0 Chat ft Phe 236 245 N'tl Am .145 156 ' h ea Ex.. ?O BOINew N"rtiin...l20 130 '?:?; .210 3! ?.,'." v Conntj .135 ' -, ,308 316 '?' V 7." 14 A..400 41"> c,-,al ft Iron..316 228 Pa Iftc.200 Columbia . . ". 0 1C0P3!'.<.loo 4'0 Colonial . ...".,',0 Publia . .238 241 ere? . .2 j 236 Si tboai : . . ! 245 ? . . . .100 120 Sei ond . . . . lOli with. 215 -'Standard .. 20U 121 i ' : r ? r. J3? Corn Bxoh... j .1 Ward ...:ou East River..! '.> - -i : i States...155 186 c ral Nati . .850 870 r ?,-,--, t; < ...188 . ."S 51 li Av? . . . .900 '.'.'?;.? !/'n ..:?'.? 5th Nati . ...160 ItOjTorkvilla ...42a Uarfield . .. . -'' j Insuranco ' 'ompanlea Am Alinea...240 260 Hanover ..., '-9 ? i Ity of .'?' ? . : .? 170 Horn?.350 l'*? nwlfh ,300 826 Nil Liberty.. 160 18* ' i ft Phoo.47? 486 Niagara . ...;;:0 130 .' r?nklln ... 70 76 Stuyvesant.. in 75 ? : >ba ft u.. ilion lun 1 8tatea. . :; 41 i- : '. Araren... 2?3 i Standard Oll Companh'* Afl'i-Ain 17% 17%|P O ?- O.520 63(1 Atl 67.fsr . .*4o 8S0 Pral P r ,197 '?"i do pf.. :!?'. 107 Solar Rf?.360 870 Borne-Scr.321 850 Sou P J, . i> :i 85 ?u k i" I- 80 82 So Pnn OII.190 II 6 ( b?a Mfg 141 v,6 |8w r* P ' \ hi ?'?> pf . 97 . 00 ?fl O Cal . 79 '. ? ??:, Contl Oil. .n 118 ?SO Ind. 70% ' % iiroi I' 1 'i 51 HO ?Can D80 6 ?0 ? urn '>' ;. " ': 127 8 O Ky, 380 40' "?;.'' ?? SO Web .160 17i O fl O n p( 84 - i 'SON J,H) do ??fe a <-; pj i do pf .101% io?% lo con ! 6fi ?H ( i .\" V. . j ' r ::\t HI P Ltna.I?O ? ? '? '?: > i i ihlo 10 ..'.? Ind J' I.d . ) ; ' fl , t f. . . 10? HO ?it v <>>U 14'4 M'-', Swan a Ir' 80 .15 '.'n Trni ,28 '. nl in Tk. 9 4 98 :-.- r 7 in? 148 : 3 do p.'. . . a , '.4 rtl n PL ( r 83 Va uu 01 ?7S 2? I '?hlo Oil ' :') ?"i v.nlis Oil ,23 ?J l?nn M is' SO 13 Tar Ink. Investment Information i-???-?i Questions of general interest to in- ' ventora will be answered in this eol uinn, in which cane only initials will be vsed. Others a ill bo answered by I ir.ai!. Address all inquiries, ir.clos- j ing a stamped, addressed- envelope, to j Financial Editor. The Tribune, Hi ?usnan Street, New Yor'i City. List Meets Many Requirements Question?It lias been proposed by a :..-. iber of my laud;:.', who has been a I subscriber to your paper for th.it last sixty years, that F write you t'or Information and suggestions regarding tho investment o? approximately 120.0'?o .n bonds. There j are throe things that. I desire to ?ecire: One, safety; two, activity and apprecia? tion of market: three, actual yield rather i 'hon yield (loured to maturity, ily par ' f'cular wish in to so Invest that thus? ! 'hrae things will be well balanced. I i would ?ike, also, to make a division of ?purchase, th'Js: One, railroad; two, gov? ernment, Stute, county and municipal; I'hree. pub?o utility and Industrial; !.i I amounts In the order named, and no par ! i icilar security over ?1.0*0 fa.ee value. In ?snort, while 7 can take a certain amount j of risk, I want the greatest possible sa I ctirlty, with a comparatively high yield, j ! ar-i Inclosing a tentative list, covering two of the divisions mentioned above, and would Ilka to have your opinion, together with any subciltutioriH or addltlonu you think would aid In attaining the desired features. Regarding the other dat, gov? ernment, etc.. I have r.o Information ci knowledge other ttian Liberty and Victory bonds. I would appreciate very mucb In? deed ?r.y suggestions you might make Railroad?Kansas City Southern first 8s 1980; St. Louis Southwestern 4s, 13s:?; Bal (?more & Ohio-Pittsburgh, Lake Erie & IVest Virginia refunding 4s, 1991; New ?3r lear.s Terminal tir?*. 4s. 1953; Louisiana A Nashville .Southern Railway iolnt, 1952 St Louise iron Mountain ,v Southern 4s Chicago, Ruck {Bland & Pacific 4s, 1934 Chicago Northwestern general, Now Yorl Central, Hocking Valley first convertible West Shore first 'is, Chicago, Mllwaukei & 1'uget Hound flrsl 4s; Baltimore ?ft Ohio Western Paclflo first 5s, 1946; Missouri Pa clfic first and refunding 6s, 1966; Pen Marquette first 5a, 1956; Pc-nnsylvanli Railroad general 6s, IP6S. IndUHt.rl.il am publie utility Mississippi River Powe first Gs, 195.1; L'tali Powej and Light Urs 6s, 1944; Commonwealth Edison first 6s 1:143; Northern States Power first and re funding 5b, 1941; New York Gas, iCl--?r Light and Power 6s, .'949: Western Unioi {?Vie, 1U38; Duquosno Light first and col lateral Cs, 1943?C. W. M. Answer-?We think that yon hav? picked out a good list of railroad bond meeting tho requirements that vou se up wall. We think there is just i slight element of speculation In Bal timor? & Ohio-Pittsburgh, Lake Erie <i West Virginia refunding 4s. All o your public utilities are high grade, ii our opinion. We think the Unitei Kingdom ?l?s, due 1937, recentb ?selling a': ?D%, b I though the; i might under circumstances sell a a lower price, are a high-grade in vestment. We think that municipals ? especially of the Eastern states am ! the larger cities, are thoroughly goo? j investments. We recommend the Xea j Vork State highway improvement 44e i nue 1965, which recently sold at 95 ! yielding 4.89 per cent interest. W also suggest Chicago Northwester] ' Park 41;i, due serially from 1922 t i?"J-S, recently selling on a basis t? j yield about 6 per cent. We think tha I (ho Federal farm loan bonds are a gooi | investment. There is nn issue of Fed : oral farm loan 5 per cent bond?, du | 1988, recently selling at about 100, ata I the first Joint Stock Land Bank?, o ? Chicago 5s, due 1937, were recent! selling at about 92. Important Considerations Questior -t wish to Invest >".' ' .'. ' 1 si.ocks based on tha following points First, reasonoblc safely; second, Incoim third, convertibility. Based on the nhovi In what order would you list the h ocl below and what amounts would you In vest General Electric, Standard Oil < New Jersey, Br.?lyn Edison, 17nite States Steel, VVostern Union, Peppere f'otton Mills (Blddeford, Me.). 1 hav $2,000 in I',', .'vt, bonds bought a! pn Do you re omniend selling them ai pre.xi.-i; price to Invest In stocks, pa-. In? great? dividends?- J. X?. A. .Ariswev--Your inquiry is typical o many in thai it leaves us complete! in the dark regarding some of th factors '.viiich must bo known in orde t?j intelligently answer your questioi It' you are a business man, not pas middle age, not in any way dependen upon the income from your securitie nor likely to boconv so within a rea sonable time, we think you might d well to buy the first four stacks yo mention. If. on the other hand, yo aro in such a position that tin safet of your principal is nor only the firs but the paramount consideration, yo should confine your purchases, to bond of the better grade from winch yo will receive a smaller income but wit a higher factor of safety. The sam considerations should govern you 1 deciding whether to se1! your Libert bonds and reinvest in other securitie A Safe Investment for $10,000 Question Would like to be advised t ??ou on Investing $10,?100 In bonds ' wai the Investmonl to bo safe both in prlncip and interest and yet yield around /' i cent Interest. ; know little, If anythln about Investing, so appeal to you on tl basts of what you would do with a ill sum - -F. .11. Answer?Wa would divide tho $10 000 between five bonds, two with lo coupon rates, selling at a discount, ar three with high coupon rates, scllii at a premium. We suggest develan Cincinnati, Chicago ?V: St. Louis d benture 4 Vi s, duo 193t. recently sellir at 80, which yields 5.63 per cent cu rent interest, and 7.45 per cent inte est if held to maturity, and .Montai ! Power first and refunding Da, due 194 recently selling a* 87V4. yielding 5.' 1 per cent current interest and 6.06 p ? cent, income, if held to maturity, Wi these we suggest you combino Cerro i Pasco S?, due 3931, recently selling | 110 V? ; Northwestern Bell Telephoi ' 7s, due 1941, recently Belling at 104s : and Liggett & Myers Tobacco n^bc ' ture. 7s, due 1944, recently selling ; 10738. Probably I emons In Their Garden Question?Can you tea mo anythl 1 ?tir.il, the Btoclt of the Henrietta Uopi ! Mining Company, of Denver? The mil tiro located near Silverton, ? "rd , Pan .Tu County, lias tho stock any value? If n what aro the prospects of it becoming ! valued stock? i h.ad a few shares of tl stock and recently i received a clrcu letter telling mo of the bright ?u-jr? : I the stockholders, also cautioning slot holders against selling their holdings Few days later 1 rccolv? i ar.oth ? from ilm Adam A- Kve Investment > > pany, of Denver, s'.atinp that they are la! ? position ; i handle a'.l kinds of oil, mln Ing ari-l Industrial Btocks, and on .. i .:. cf a '.arge clientele can often procure more ? ri:un the market value for even an Ina tivi stock, it seems that bee cor: ;.ir.:<e? :? r ? ?? managed by the ?a: :? sei . ff ers?R. R. j Mood le president; :.'. H, Urbott, secretary, ' (?'. the Adam & Eve Investment Compotiy; : r. R. Moodlo, president; N". H Abbott, s~c < retary are? treasurer, of the Henrietta Cop? per Mining Company .\r;y Information that ! JO'J ran glv? me In regard to the stock und personnel of those compan .. ??-..'. b- | appreciated.?M. ]'. ;{. Answer--All we can toil you abouti ?.he Henrietta Copper Mining Company ; \f that small blocks of the stock were ! ij'ie'oi! some months ago nt 12 to 18! cents a share. Whatever the character of the company's management, :t is ! (;ipaired in a business which is specu-r.- : tive in its very nature, and we cannot j advise you what the future may hold for the stockholder?. We have our ! doubts, however, a? to whether even | the bc3t efforts of the Adam and Eve Investment Company, of Denver-, will ever lead you to a Garden of Eden | where dividend checks grow on trees. Four full columns oj in? vestment questions and an sivers are published in The Tribune every Sunday L_ ._I_ Illinois Central May Have Trouble In System No. 12 This is the tenth, of a feries of daily articles analyzing the proposals of the ] nteretate Commerce Commission for the coi; so liant ion of the railroads of the j country into nineteen major ay s terns. i The serins is based on data obtained in \ interviewt with railroad men and bank ! <v?. Tri? eleventh article will appear in ; jhe financial section to-morrow. -Finan i rial Editor. I System No. .12. as suggested by the Interstate Commerce Commission in its j tentative plan of consolidation of the railroads, consists of the Illinois Cen? tral, Yazoo & Mississippi Valley, Cen? tral of Georgia, Seaboard Air Line, a branch of the Norfolk <fe Western from Lynchburg, Va., to Durham, N. C, the Gulf & Ship Island and the Tennessee Central. The commission also suggests the possibility of including in .System No. 12. instead of in System No. 11, the Carolina, Clinchfield h. Ohio, presum? ably to give the Seaboard Air Lino a connection with a coal field. This is a logical arrangement, if the commission abandons the plan as sug? gested in its Michigan roads system, of making the Clinchfield a connecting link between the Northwest and South? east for tho development of through traffic. Connected with the Seaboard, ir is not as good a link, railroad officers who hav> studied Southeastern railway problems are inclined to think, ns it would be connected with System No. 11, that is, the Atlantic Coast Line Louis? ville & Nashville system. There n:ij*ht, however, be a considerable difference of ? opinion on this point. Without, the Clinchfield. System No. I 1'2 simply raises the question as to I whether the Illinois Central, which al? ready has the Central of Georgia, could be connected up with the particularly weak Seaboard Air Line and r"inain prosperous. There are obviously ad vantagea accruing to the Illinois Cen? tral for an extension into the coal and iron district of Birmingham, aril it was in recognition of these advantages that the Illinois Central acquired con? trol of tho Central of Georgia. Hut would thero bo advantages in going further 7 Wi?iam Z. Ripley, professor of eco? nomics at Harvard University, in his report to the commission forms a sys? tem unlike that of any of the systems j formed by tho Interstate Commerce, i Commission. Professer Ripley's sys- ; tern, as show;-; by -uno No. 13, consists of the Seaboard Air Line, a branch of ; the Norfolk & Western, the Atlanta, Birmingham &? Atlantic, the (leorpia Southern & Florida and the Florida EaBt Coast. The criticism of that com? bination is simply that combining the i weak Seaboard Air- Line, which is struggling to maintain solvency with the bankrupt Atlanta, Birmingham & Atlantic, solves r.o financial problem.; Even in the most prosperous year in the history of the railroads, 10?7, Sea? board Air Line earned 3.44 per cent, only on its investment in road and; equipment as shown on ils own books.! and the Atlanta, Birmingham &. Atlan? tic showed less than 1 per cent. It | should be understood that Professor Ripley's report suggests various al? ternatives and his map. No. 13, which combines the Seaboard and Atlanta, j Birmingham <v Atlantic, is intended as a basis of discussion only. The Interstate Commerce Commis? sion's system. No. 12, would on its face go n considerable distance toward ; bolstering up tho Seaboard Air Line ', i the strong Illinois Central. Here! R? ' as in so many other cast's, how? ever, ii is necessarv to face the his- ' torical fact: the Illinois Central has ? had as high a credit as almost any American railroad. One important reason for this fact is the perfection i with which the transportation machine! exactly meets the requirements of ii . territory without unprofitable exten? sions into o different character of ter? ritory, and. from tho financial point of view, because the Illinois Central's credit has not been strained in direc? tions other than the intensive devel- . opmxnt of its own property.- -W. E. U, Tederal and Joint. Stock Land Bank Bond? Ce rt <?! a '. F.i ? n i ' o no 6s 1941. op 1031. 3? 500 5 00 : aderal Fai in Loan 6s, 1038. op 1923. Sj'v 904 6.04 Federn! Farm Loan 4U?, 1939, or 1924..., ?nVj 94>,?. 6 00 CeiioiM', Farm Lean 4i-v 1938, op 1>23. 03'? 04% 6.01 Federal Par m Loan 4'?s. 1937, op I 122.'. . 92-j 94 & f, 0.1 Joir t Btock Land Bank 6s, 1939, op 1624. 92i; rj,;i. D 51 Joint Stonk Land Bank r,3, ?' SS, op 1323. OB?. 02\ 6.55 Miscellaneous Oil Companies ... , , '-? ?*??'>'?' ' ,. Hid. A?kM. All Lobe-, s gi, Mi.i-v r.i'r ii,; its d" pf. - 40 4.1 .Mtn P Cp. at;, i? Br Am O 23 26 Nrthn O 2" ; -, ' *"H ft ' In, G -j ,,?.,. PrdftRCp, r =; ".? ? )?".' . Bsri P, 6 >,? ? % i?8 ? ' ? Pro 1" ? 1 - ? Imp Oil Lt 87 90 Sapul ivy ': ', s?? Maun Pet : 0 140 WSOAL ' ".., <o ? ? O Cp. 10 lO'/i' ?Par I - ("ourse of the Bond Market _???..-??, ,._111,111 11_I I I ?J The graph ?how? the weekly fluctuations in the average price of ten railroad, ten industrial and five public i.tiliiy bond* since September I, 1919 The Week in Business CONTINUED broadening of retail and wholesale activities marked the business development of the last week. The primary markets in the textile and allied fields, however, suffered from the holiday and a seasonal let-down in buying. Cottons, silks and woolen goods in the mill end were quiet, so far as new orders were concerned. In the cotton goods market this made but little difference, as mills, especially those making staple goods, are sold well ahead. In woolens and worsted-; many mills are in ? position to take on more business for the current fall season and also for the spring run, but in the main are fairly well sold up until the end of the year. Silks are in a loss fortunate position, and the continued dullness in board silks has at last reacted on th? raw silk market, with the result that prices last week showed a downward tendency. ? ?t is in the retail end, where seasonal buying en the part of consumers has | set in at a fair pace, that tho most en ' cou raging reports continue to come. i P.etail business, however, is not satis I factory- As near as can be learned re ? tailers ure selling a larger volume of i goods, reckoned in units, and are keep ; ing well up in sales, figured in money ? value, but tho high cost of storekeep ! ing has rendered profits exceedingly ? small. In the. retail field, also, keen ; comp?tition has set in, and in various ! parts of the country "no profit" sales ' and similar events are being run by the ! merchants in their efforts to keep ! goods moving and accede to th* de I ma mis of the public for low prices. Cottons ! A softening of gray or unfinished I goods prices was the chief development I in cottons last week. Tho gray goods ! market followed tho cotton market, as j it has for some months now. In the ?finished goods field business in the pr? imary markets was light, but wholesal? ers reported a broadening demand for the entire range of good?), due to the I needs of retailers to fill in depleted I stocks and the greater confidence that I the retailers now have in jobbing prices I since the recent advances in the pri i marv markets. ! Manufacturers of sheetings, sneers ? and pillow cases are well sold ahead, ? some of them up until next March. *nd most of them until January. Percales I are yet to be repriced to fit in with th? higher levels obtaining for most other varieties of cotton goods. Silks Little headway is being made in at? tempts to broaden the movement of finished silk piece goods. Manufac? turers find it difficult to reconcile high ? prices for raw silk Bnd constant press ! ure for lower prices on finished prod I ucts. The raw silk market, both locally I and in Japan, receded last week, al? though tho drop here was slighter 'han I in Japan. For Borne timo tho local ! market has been under the Japanese ' market, but this margin was considor i ably narrowed last week. In tho ab ; senca of any largo volume of business : the manufacturers are contemplating | further curtailments in mill operation, Woolens Colder weather has given the woolen trade much encouragement, but as yet I has not produced much in tho way of j increased business for the trade. The ! amount of winter-weight goods that : clothing manufacturers have in ?tock : is a moot point that is causing some i uncertainty in the trade. Women's goods for spring are selling in u small way, although there has I been little doing on the staple. The high-class specialty fabrics, which have new style lo recommend them, are ?being distributed fairly well, uccord I ing to reports. Raw woo! was slightly less active last week, although prices were un 1 changed. Apparel Wholesale activity in won.en's ?p. parel last week was about on the -arac level as (V.?? week before, but better than it was last month. The bettei movement at retail lias driven some merchants into the market for addi? tional merchandise, but the buying i; still an a low level :<,a?l the pressure for lower prices continued unchecked Dresses lead the field in activity, with suits considered the least active In the men's trade some spring lines have been offered tho retailers, ai prices slightly lower than those foi fall merchandise and considerably be low last spring. The season has nol developed sufficiently to gauge the buy ing trend, and some manufacturers assert that it is useless to go oui with spring merchandise now. The retail trade for the current season is de-j veloping better. Indications point to | a fairly good movement of suits and overcoats in the $30 to $40 range, but difficulty in selling garments priced ! much higher than these figures. Furs Conditions In the fur trad? remain ? unchanged. The weather has not been j cold enough to stimulate any largo volume of consumer buying, and the retailers are still cautious in ordering from the wholesalers end manufactur? ers. Raw fur movement is light, but prices I are firm and aro now based on the i advances made at the recent auctions. j There is some doubt concerning the i ability of these prices to hold their present level, according to manufac ] turing furriera, who ?re holding down their reservo stocks to just sufficient t,o cover the small volume of orders for finished goods they receive. Leatlter The influence of the holiday last week was geen in lessened activity in the general leather trade. Reductions i in certain descriptions of sole leather ? failed to stimulate active interest in j these lines. I.anguidness prevailed : in upper leather, but prices were ! strong. With a continuance or the large demand for domestic packer hides, dealers regard an advance in price as probable. Except for several shoo manufac? turers who were able to reduc? prices further, resulting in a much larger volum? of orders than was expected, little change in the position of manu? facturers was noted. Factories are running about 70 per cent of normal. Jewelry That conditions in the jewelry trada are improving was evidenced last week by reports that collections, especially in the cotton districts of the South, were showing some betterment. In >, the last several months, notes which ; had been given in payment for ' jewelry, particularly diamonds, were1 j usually renewed when duo. Some difficulty in obtaining certain j sizes and grades of men's American i watches is experienced, according to a large wholesale house. Of the less; j desirable grades, however, there is said| j to be an ample supply. Great strength. '. 'continues to be displayed in the dia- ', '' morid market. New York City Bond* i Perm, Rate, Matur'.tv. Bid. Ask T eld ' Inter -I'j,m, 1867. 32 925; 4 'io ' ! do 4<-aa, 1905. ?2 921i 4.91 I ? do 4'vn, 1963. 92 92vi 4.92 . do 4W|S, 1957. : ? "\ 4. >4 1 do 4'-*.?>. 1966. ?7 87<!i 4.94 do 4'is, 1964. 37- 878-i 4 94. ,. ) ?'-??, 1982. 87 'I'. 4 i-6 : ? do l'e. 1960.i ? S7i? 4.96 do 4Ua. i960, op 1B30.. 87 87*i 4.58 , 1o 4s, 1959. SiC-a SIC, 4.96 do 4s, 1958. S2Vj s.v., 4.n? , do ?3, 1957. ."C; "--a Se-, 4.99 1 Reg 4s, 1965-"66. 81 ?4 K-f-, h "7 . do 4s, 1936. / 89 5.03 : Inter 3 Vis, 1951. 75 ."',' 4.51 , Coupon 3',4s, 1954. ", "?> 77 4.91 Reg :: Mi?, l950-'54 lno. . . '. .' i'7 4.91 do :n,,5, 11-10 50 inc ... : 25 4.96 .; do "';.s. 1922-'30 lno.... 5.0? 6.00 ??; Ce? coupon (serial) 4>-e, 1922-'32 Inc. f..no 5.CO -, do 4?N, 1922-'31 In.;.... 5.?0 5.0>> ??i New York State Bonds Issued in coupon and ree'sterra ro-m, ', not Interchangeable. Coupon bonds rccin terabl*. Bid As'.:. Tieid. Canal s.nd Highway 5s. 1822-'30 .'., to ?? -! Can and U'wav fis, 1931-'40 4.90 Can and H'way Os, l?44-'70. 4.70 4.55 Canal [rap 4Vis, 1964. 95 100 Highwav Imp (^s. 136K.. 1-8 1.10 Canal Imp *'?s, 1966. 92'-i 94% Highway Imp 4?4s, 1965.. s:::a I)4?i Marge ra.n Ter 4 Vi*. 1945. !"?:."-, Highway Imp in, 1967.... 884 Canal Imp 4?, 1967...... ?S\?? H* way Imp ** . i960 '02 inc. 6 i (, do 4s, 1953. *S ;j 90>, 4.53 Can Imp 4s, I960-'62 Inc. ki"? 90?,i 4.53 l>allsades ! s P'k 4n, 1961. 8 ?- D0H 4. 3 Barg? Can Ter is. 1942-'46. ? 9 '., - ? -? Buyers Arrived ratrchtld Serric? ALBANY TV. II. "Whitney Co. ? K. W. Eextrew. .i'weiry, ieither goods and stationary; 116* B'way. ATLANTA John Se'.vev & Co.; J. P. McDar?l?, ho? siery, underwear, notions, men'? furnish? ings; 72 Leonard st. ALTOONA. PA. * Charles Friedman & Co : Char1.?? Freed man. children's clothing. Martinique. Al'til'STA, GA. L. Bylvester & Sons; C. S. Sy'.vestar. men's furnishings: Martinique. j BALTIMORE Hirschman. 4 K-ilir. ; T.. Hirschman. m?rs. neckwear and suspenders; Herald ? Square. American Wholesale Corp.; H. S. Mes ! sersmiih. remnants: 37-4 4th iv, BIRMINGHAM. ALA. Burger V G. Co.; S. Ph?lip?, ladies' ready to wear. Baer dt Lillenthal, llio B'way. BINGHAMTON. X. T. Fowler, Dick &? Walker; H. B. Mason, ' books, stationery; 6 W. X2d st. BOSTON Jordan-Marsh Co ; F. C. Kembeil, wem en's costumes; J. Manning, children's and i boys' shoos; M. J. Murphy, perfumes, toilet articles; U2 4th av. .". V. Kinkelstein, dry goods, coats, suits; 13; oztell. Rubin & Cooper ; TV M. Rubin, woolen and cottons; Martinique. A. P. Freed & Co.; S. Levy, mira, boy?' and children's clothing; Aberdeen. William Filenas Sons Co.: (basement) Mr. Levin?, children's, juniors' and giris' coats t'.nd dresses; ;??5 Cth av, Houghtor.s & Button, W. A. Gallagher, boya' furnishing?; care Alfred Fant!. Iltf W. S2d st C. F. Hovey Co. ; ft. Liebe?, basement mdse. mgr., Christmas specials, .lob? of ivon-.en's and misses' coats, skirts and dresses. CHARLOTTE, N. C. Bf'.': Bros.: S Houston, ready to wear Alfred F^.-it'., 116 W, 32d St. CHICAGO Rothschild & Co.; Miss (Via?, '.aflies* n.usiin underirenr, sweaters, hous? dresses, kimonos; 470 4th av. Leiser Co.; F. JJ. Mellen, ready to wear; 370 7th av. Boston S^or^; Mrs. Bisenrath. coats, suits, j dresses; P. Brene, dress goods; Miss Steiner, I merino underwear; 4* E. 28d st. Tho Fa'r; Miss M. B. Clifford, undergar I ments; 225 4th av. ? Mandel Brothers; A. TV. Mar.del, rugs: ?3 I H. 22d st. j Marshall Fi<-'d & Co ; .1". Patt??r?on, wom i en's hosiery; Charles Hoskins. tab'.? linens; ? W. E Kennedy, advertising department; t?. I x. Kephart, raincoats (wholesale); O. a."a\ my, perfumes n-.ij rr-ap ; A. C, Wedtke, ! hoU6efurnishinge; R. P. Evans, silks und satins; E. Skinner, men's bat?; A. S. How i leu. siik and satlr.B; O. Bennett, boys' ciothing; P. 1-7. Uahn, boys' hosiery; J, ,'f. O'Connor, leather goods; T. Dougherty. leather goods; H. Becker, picture frame?; Miss A. Erlekson. embroldory si'.ks; Mrs. M Brown, coiaets; O. A. ?3ates. notions; H. O. Frederlok. notlonsi Mre. IT. Duggan, muslin underwear; Mrs. A. Carseth, infants' out littings; Mrs. Meateren, ?tiaet drees??; Miss J. Delaney, 6treet dresses; ?>. O. Jacobus, converting department; If. H. Hayn?, wool drees goods; J. YS\ Bau. converting aepan ment; O. I,. Jordan, converting' department ; 17. T.. Leightv, misses' coats; ?. A. Gaylord, infants' outflttings; Misa 13. Berg, misses' coats; Mrs. 11. Dab?, Junior?' and ?iris' outflttings; 1107 B'way. I". Finegold, children's and. infants' woar, wholesale; Imperial, Phillipsborn's; O. 3 Blrdsal!, frooTrn piece goods Hi ings; Pi 2 B'way. . Mandel Bros ; B Mandel, laces, ?m- ; broideries: E. la Pi lar, gloves, umbreiiat; j 13 E. '?2(1 st CINCINNATI McAIpln Co.; Mr. Kiin.-.maul representing ; ? Miss Skeels, coats and suits; Miss Vincent, i waists; 23 E. ?5th st. CLEVELAND Ballev Co ' Jon Knv'.an, fur coat?; Affiii- j ated Retail Stores, !.'.72 B'way. May Co.; T. Stackpole, housefrjrnlshings; : 37 W. 2Cth sa. Sill floor. DAYTON, OHIO T.c.uis Trexlei Co.; A. I-. AHschul. ho-j slery, notions, leather yood?. laces, trim-! mlngs, knit underwear, Ivor:', gloves, i handkerchiefs, ncokwear; A. Joe Levy, ! m?n'3 and b>''-H' clothing, furnishings; Al? fred Fant!. 1 '.'1 W" 82d st. DES MOINES, IOWA Harris-Emery Co.; ?. DeWltt, Jobs ef cloth and -. !u?-h coats, waists; care Kirby, Block & Fisher, 772 4th av. '. DETROIT Crowley-Milner Co.; 1.1. l.findsberr, boye'; clothing .-ira furnishings, men's trousers:. Alfred Fantl, 116 *s'. ?id st. Frank & Seder; Charles Frank. Jobs! cloth and piusii coals: care Affiliated lie tail S ores, 1 "72 B'way. J. L, Hudson <7o. ; C. IT. Armstrong.1 mei 'v iii!.-?a. pajamas, bath robts, hosier;-', ' neckwear; '.'7 3 5th a'-a Fields Cloak & Suit Co : IT. P. Simon, I women's ready to wear; 1I>'1 B'wa-a ELYRIA, OHIO Pachlter & Dachlter; \V. Dachlter, men's', furnishings, custom laboring: Breslln. FORT WAYNE, ISO. T.?nidus & Lehmann; A. Lapldus, men's ; and boys' apparel; Pennsylvania. rRKDKHlCKSBl'RG, VA. G F. Tlmberlake & Co.; G. F. Timber-1 lake, dry goods, notions, curpots, rugs;. }?> nnsylvania. GLOVERSVILLE, N. V. Agerslnger's; G. N. Vandervoort, be^'er fur-trimmed coats; care L. Harris, 120 AV. ; 3 6th st. GRAND RAPIDS, MICH. Herpol8heimer's; }'<. E. Pickett, Jobs of coits. suits, dresses, ?is.i.ir.-.^ir.t department; csr?. Morgan ,v Ahrens, 1170 33'ws; . Paul Stekctee <?:- Sous; ,T. ?.'. Uolcomb, miillnerj-; Meyer, " AV. S?d e*. HAKRISBIRGH, PA. Kaufman Cnderselling ,a-.ore; B. T. ?Shu-' man, furs, coats waists; aro B-n F. Levis 77 '.'a 26th St. Bowman a- Co.; L. a Michael? coats,! suits: 401 4th h v. j INDIANAPOLIS L. S. Ayrea Co.; Miss Stephens 'e-.. ?. I ! 5th av. ' *'? . JOHNSTOWN. VK. ? M. Nathan & ?ros.; Miss Me'.ar.o???.? ; millinery; care Bon F. Lavi?. 87 \v. -ttyV' : JOHNSTOWN, V. Y ? ,u Albert Rosen'hal, dry goods; Martini??, r KANKAKLF, ILL. ,,s*- ? I Celine T-os.; C. V. t;*::-,, g.atr-, i mise; A. Mincer. n<5 AV. SM s' ?-???s KANSAS CITY I Frauke!. Frank & Co.; D. Franke). BW j ?eo.is. ribbons, flowers, feather?. ? glvV I lieb, untrimmed r.::d ready to wear >????? J. '.yr-s trimmed hats and noveltleaTaV i .'. Beidenkoph. rn 5th av. ' ?*? l.yon Bros. Millinery Co.! Charlea ? ! ^???vz. untrimmed and banded nata ?nif:' Tlbbor.s. et--.; Eugene !.. Lyon?, trlmm? hats, fowers. feathers braids; &09 B'war Bmlth, MeCord ft Tom ..ser. ! D. G Cet Musen Mil'.rr. notion?; 72 Leonard at, Lyons Bros.' M lllnory < ?-., Eugen? r trimmed hata, flowers ??d fVa?*? trimming?; Aetor. w LITTLE ROCK. ABK. Polloch Co.; J ?> Berger, pluah ooata suits and dreeses, fur, ladle?* turare.?! hats; S. Solomon, 1372 B'way. * LOS ANGELES Wonder: T- H Davis, coata. ?u!t? ana i dresses; Baer * Lilienthal; ?15S B rr.? LOITSVILLE Herman Strauss Sons' Co. ; A. I. fltratraa i ceata, care Wm. Gross, 870 7th av. M AR LIN. TKX. i Hendeln-.sn Bros.; IL L'andeirrran, ?n ! gcivJs: CoJlingwood. n MEMPHIS 1 B. Lowenstetn & Bro ; lieo-g* J. tr8B?,, I notions, handkerchiefs, neckwear, la??/ I embroideries, toile*, good?; Maison BlaneV. 116 W. 52d st. "'' MIMVAIKEE Milwaukee Apparel i ? : : . '"lissa, jo-j? cheap, medium and better 0:esses, coat? and eweaters; C76 5th an. MOl'NT (ARMEL TA. Mrs. Lilly Cahen, millinery: Orar.4. NEW ORLEANS B. Bennett & Ca., V. W'o'iir., ntji cierta. in?; 895 B'way. ... Wclnfleld, wholesale ml'linery? At?r NORFOLK, TA. Watt. Rettew <fc Clay, lno . 17 E. Purvis. woolen ar:il cotton pleca good?, ?Ilk?, satin?. I velvets; Miss E. L. S . tton pt?o? i goods, blanket?, bedding, osmforls; T. R ? Motz jr., hosiery, kr.it iinicrweir, Umbrtl j las: Mrs. A. Potter, coat? t;X ?ulti?, waist* petticoats; house dress?e, apron?, wraps, muslin underwear; K. W. l.av.nder, Boer coverings, aportiug good?, drapery, uphol j stery; Miss L. B. watts, patterns: Mita ? 1'urner. millinery; care w. V. Kcctt, IS ! E. 1.6th St. VATERHON, N. J. ! John X, Diksen; <>. Cohen, ahoaa; Oraoi PHILADELPHIA Goldman Pro?. ; K. Goldman, woeln piece goods; Martinique. PITTSBURGH Boggs A Buhl; Mrs. Ion? H. Bory, il?. bons; 11*6 B'way. Kaufman Dept. Store: Mlea >7 ("eeelwr, handkerchiefs, i-fcli?'??r; 1261 B'way. Krank <?> Seder; Wm. Wolff, rey'? aS4 boys' furmshlnga. men'a flannel ehfrfs ant bovs' union suits; Affiliated Retail S'.or?g 13 7 J B'way. PORTLAND, MB, Porteoua, Mitchell *> Braeru Retort Braun, general mgr.i Wise Rritn Goals, ribbons; Mrs, Woodbirry, glove?: M'.ae On r.In, Infanta and children's goods> ?It 4th av. PROVIDENCE J. P. Mourln A Co. ; J. P. Monrta, raaij to wear; Hart-Flanagan, 12"3 5th av, Hirsch Co.; H. BteTnfeld, Job? basement d"-eKsi>^, aklrts a rid cunts; 120 W. 86th at; care L. Harrlp. RALEIGH, N. C. Hudson-Be:',; Co.; 3. (i IIudMB, iadM ready to wear. Alfred I a..--,'? ill "ff. ::.\i st, BEADING, IM. Wide Awake Shirt Co : M. I'rrlo, rafM ??? - . shirts; Pennsylvania ROCHESTER McCurdy * Co.; E, E. Bwarthotrt, ?Hk* relveta dreea goods, ?-ash giois, lining!, !a.-?a, embroideries, rlbboi a, trl nmlng?j J. B ?:-.., ready fe wear; M?as M. Rowland, corsets nn.i muslin underwear J, Wardsi, boys' c >thing; -V Din phla, men's fcral?b .t vrs a:iii i,i:;!ir?'i!i!S: Miss C Gibson, ho? siery. kr:!t underwear; 15. rieel, n^tlonfc jewelry, patterns, fatlon^r;-. fanoy good?, Mrs. T.. Hollander, millinery! L Qulnsv, rugs, pictures; G. Lauoht, upholateryt R Todd, chin? hous? iii-.-nisiiiriga, J. Cham? ber.-), domestic erel shun goods! !'!?? A Schleyer, pie-.-??. Misa K. Brail'.?-.-, hani -.?fs; care Morgan ?: Ahn la, MTi B'way. Duffy-Powers <"o.: Miss Llllyan S nato tvaisis, sweaters; care tj. Solomon, 1871 B'ws . Duffy Powers Co.: Miss 1. Pallnal ', Job! sweaters, scarf? ar waists upstalra, Mia Bernatone, basa fiai "- .??et kn! wear end Brarfe, dresses, lolo moi , 1'.72 B SAN \NTOMO, TEX. Joaka Bros. Co.; V'-.i Binford. infant? wear, muslin underwear, children's coat* 19 17. litth st. "C RANTON. VA. Wyoming Oa ;;. Richmond .1obs wool dresses; 120 \ . Un st., I Harris. SPOKANE. W\ML Culberton's; .1. s. Ileintzelman, basemefl general lines; cure Alfred Pantl, ::5 v 32d st. ST. JOSEPH, MO Townsend, Wyatt & Wall : . ? ? e; H IT. Caldwell i g s. sill 1 Burns, hoslerj underweai gl< rali -.;.'??? ? ? ' ' ' ' 'i. cot ton arei linen pic ?? .. iga, .-"ir Miss B. Rob - .s. : Iss I -. P.ar.-.s bache-, women's ready to ?? . -, Misa ' Marcsll, chili ren'a ready to weai ' P Mueller, ?hoes; F C. Holtzeel :r carp?ti drapery, trunks and r-ngs; Miss '. Dett mer, mttllnery; F C f: ?v1-'-'1 houa? fur ^isnl-iri toys; "" C. Schnei < . p!mi-? talking ?? ??? nee; caro i' I ! ins; lit 5-h av. John ? Brlttaln D '-7 I It Beat tie, staples and domeetlca; '?'- R Jon?? dress goods and all! P P "' ' evltt, n? i t>or.tin;;c? en rfvt DTJ-' Transactions Last Week in Listed Stocks (Continjvl 1r?m Mcond ?jr?MOino Daae) High Law Dir. Net 1921. ' Bate. 1021. Dale, in * Suie*. TI th. lev. Cle?c. rlijre. 78 .7?n 7 30?/2 Ang 22 8 do pf . 8400 46?/2 43% 4?%-1 3% 647-8 May 3 52 July 18 5 Pittsburgh Coal . . 800 69 " B7J,a 58'.B? -a 120'. July 25 118% July 13 7 Pitts Ft W & Chle pf 100 120 120" 120 - ' 7.2 Jan '0 24 Oct 13 ? Pitts <fc West Vn. . . 2100 26 24 24 --2 76% June 11 70 Msr 11 8 rio pf . 200 75 75 75 ?? % \Wz May 8 12?.'a Mar 13 fa. Pond Creek Coal... 200 14 14 14 96 Jan 24 ?8 Aug 23 ? Pressed Steel Car... 200 56% 5c% 56'/2? V\ 21'/a Oct B 20% Ort 11 ? ProdueirtR ?-. Refg. . . 700 21' 2 20% 21 ? % '70-4 May 19 54 Jan 5 4 Pob Ser Corp of X .1 -1?0 C6 G4% 66 -f 2 !" . Jan 29 89? ? Ang 24 3 Pullman Co . 5700 94*4 92%" 92' '2? 1% 31% Jan 11 24?4 Oct 14? Panta Alegre Siisrsr 2300 27 24% 25%? 2 363/4 May 0 ?.'.' 2 Ang 25 2 Pnro Oil . 27100 29% 27'. 2 28V- 1% ?C% Muy 5 67 July 28 8 Kwoy Steel Spring.. *0O 34 8-t 84 - 17) May 11 1* Mar 12? Kay Con Copper_ 1700 13% 13% 13%? % 89'4 Jan 15 603,, ju!,e20 4 Reading . 12300 71% 684 68%?- 3% 55 l'cb 5 36'/2 June 24 2 do Isl pf. SCO 40 43 43 ?1 67% Jan 15 3?"% Aog 24 2 do 2d pf. 100 43 43 43 ? % 38*u May 11 17'B June 20 ? li.-m Typewriter.... 130 23.4 23% 23'4 a :;? 80 Jan 18 49 Oct 13 ? t?o lit pf. 400 5" 8 49 49?3 73% Jan 12 ?li'j June 23 -- Kep Iron & Steel... 12003 52' '?> 47 47 %? 4% 96; 4 Mar 2 79% June 22 7 ?o pf . 200 324, 82 82 -?- % 24% Jan 25 S .Vug 13? Rep Motor Truck... 1200 8-'? ?' s 8%-? % 69% May 5 42\ a Sept 24 G.20 Royal Dutch . 2r,'00 47 43% 43%? 2 13 Jan 12 10'/2 Aug 26 - St Joseph Lead. ... 700 12% 12% 12%-f % 2^i Ang 3 19% Msr 11 ? St L & San Fran. . . 3800 23% 21% 21%? 1% 33 j July 30 277a June 24 ? do pf. 300 36 30 26 ? % 30% Muy 9 19'.-'a June 23 ? Si Louis Sonthw'n.. 15C0 23% 21% 21%?2% j 41 Jan 14 23 June 24 ? do pf . 700 32% 30% 30%? 2% 6% Apr 30 2% Sept 22 ?? Sa-ion Motors . 10OO 2% 2% 2%~- % 7'4 May 9 2% Oct 13-- Seaboard Air Line. . . 6000 5| A 2% 4 ? 1?/2 12' a May 10 ? Got 13? d.> pf . 5000 9% 5 6? fl?- 31 -. 98 4 Jan 3 69'.4 Ang 23 ?- Sears Roebark . 7600 69% 67% 68%? % 20% Jr.n 17 12% Mar 11 ? (Seneca Copper . 1600 13% 18% 18%? 1 7'4 May 1i 4% Jan 3 ? Shatluck Aria Cop.. '00 6% 6% 6"4? 3fl 49 May 9 30% Ort 4 .74 Shell Tr & Trans.... 2100 35% 33% 25 3% ?8% May 6 16% Ang 25 ? Sinclair Consol. 68100 21% 21% 21%- ? 56 Jan 11 02% June 29 ? 81oss-8hef Sil ?& lr. 200 37 37 37' ? 1 101 Jan 3 67' ? June2-1 8 boutliern Pacific _ 10000 79% 76"2 76%_ 2?'a 2A7a Jan 13 17% June 20 ? .Southern Railway... 13400 20%, 1 :i *" 19 _ 1 ? 2 60 Jan 13 42 June 21 ? do pf. 300 46 44% 44%? 134 High 1921. Date. 103 Jsn 31 111 Apr ? 79 Sept 14 79% Oct 10 167% J:,n 13 110 Jan 20 32 Fcb 11 88 Sept 8 37 Jan 2-'. 46 Apr 30 93% Apr 29 10-4 Jan 7 1314 Jan 3 48 Jin 13 253,4 Jnn 10 10% Apr 26 45 Jan 10 27% May 16 36% June 21 20% Mar 21 175 May 3 72 Sept 13 9! .Tun 13 12% Jan 11 13 Apr 28 44% Apr 25 7r Jnn 13 23% Miy 19 123% Sept 24 68 July 13 100 Mar 24 34 Jon 4 150 Fcb 10 106 Jan 19 207 Jar? 7 12% Mar 3 26 Mar 3 62% Mny 23 19 May 8 50 Mar 23 7 Jan 13 27% Jan 19 74% May 3 5S3i May 18 79% Aug 30 103% Jan 4 35% Jon 17 44' j, Jan 3 86' 2 May 6 112 Jan 27 59% Jan 19 ?2% May 17 41 Jan 11 42' j Jon 11 102% Jan 18 95 Jan 25 9 i May 12 ? May 9 24' a May 10 72 Jsn 20 11% May 10 21 May ? 30% May 9 70' a Jan 10 94 Apr 12 49'% Mar 29 11% May 9 19% May 9 44 May 2 17% Jan 9 18% Jan 11 10'j May 4 42 May 3 47 Jun 7 37' j May 9 119 Oct 14 112' Fab 17 65% May 5 81 Fcb 11 65' 4 Mar 4 9 4 July 30 *?x dlridend I aw 1921. 2:% 88 75 67 H 124% 105! s 66 8: 21 251 4 43 3? 26 4% 6% 29 121 119 43 76' 3 6 23 57 62% 92 19 130 46 95% 6 17 46% 38 * 6% 43s. 41' 40' 74 26 37 70 105 41' 20% 5-% ?9 e% 13 49% 8% 14| - 20% 68 76 36% 9% 31 105 105 30' a 70% 64 6% Date. Oct ': Z Sept 2 June 13 June 24 'une 17 fan 3 Sept 23 Oct 8 June 6 Au? 24 Jnn 3 .a-i 14 Aug 10 June 20 Au2 26 Aug 26 June 21 Jan 5 Aug 24 Au? 20 Sept 12 Mar 24 July 1 Apr 6 Aug 24 Jun? 21 Sept 12 An* 25 June 21 July 18 Oct 13 June 8 Oct 14 Sept 13 Jane 20 Au* 2f> A ay 26 Aug 22 Jan 3 Aue 23 June 20 Sept 23 Oct 14 Mar 11 Aug 2 7 Aug 27 Apr 1 Aog 9 June 23 Jone 21 Ausr 25 July 11 June 21 July 30 Joly 30 Aug 17 Mar 11 - Mar 11 - Mar 11 ? Jan 4 Aus,' 26 ? June 2.3 ? Ac? 24 ? Aug 22 Ang 10 Aug 22 June 21 Jone 21 ? June 24 July 10 ? Aug 25 - Jan 3 ? Aug 26 Joly 15 July 21 - Aug 25 Juno 24 Aug 26 Aug 15 Ang 8 Jnn*23 hit. in S. 6 fie Porto Rico Sur. . Standard Milling... . do pf . Standard Oil of Cal. Standard Oil of N J . do pf. St ?el ?. Tube Fy yi . Stern Bros 8?0 pf. . Slew-Warner Speed.. Strcniberg Csrb. Studebaker . Suh Boat Corp. Superior Oil . Superior Steel . ? lern tor C ? Fr A. ? Tenn fop & Chem . 3 Texas Co. ? Texas & ??cifie_ 1 Tez-Pac C & Oil. . ? Third Ave Railway. . 8 Tidewater Oil. ...... 6 Tobacco Products. do pf. ? Tel St L <fc W ctia. , ? Transcontinent 01!.. 4 Traniua Wins Steel. 8 Union Bag & Paper. ? Union Oil . 10 Unien Pacifie . 4 do pf . 7 Union Tank pf. ? United Alloy Steel... 8 T'nlted Cigar Stores ? '.'nited Drug . 8 United Fruit . ? United Rwsy Inv . ? do pf . 6 United Retail Store* ? U 8 C I Pipe & Fdy 5 do pf . ? US Express. ? U H Food Products. 4 US Indost Alcohol. ? I" S Realty &. Impvt ? U R Rubber. 8 do 1st pf. -US Smelt & lief. . . 3% do pf. 5 US Steel 7 do pf . 2 I tali Copper . . ? Utah Secur ( orp . ? Vanadium Corp Va-Car (hemicul ?- do pf . 6 Va Iron Coal & Coke Yivaudou Inc . - Waba*h . do pf A . 2' g Wei!? Largo Kip . . . ? West Maryland ..... do 2d pf. W?| Pacific . 6 do pf . . 7 West fnlon Tel_ 4 Westlnghoune Mfg.. ? Wheel & Lake Erie.. do pf . 4 White Motors . . White Oil. Wlckwire Spencer . . ? Willy? Overland do pf . 5 Wilion Co . . Wisconsin Central... ? Woolworth . do pf . * Worth Pump ?fc Mach do pf A. 9 do pf B. 25 Wright Aero . Sa'<-?. Hign. I.Ott. 9400 27-a, 27 117 9," 2 07! 300 77 ,'2 ;? -? , 4200 79% 78 2600 151 I47 3600 109' 1 10 4C0 68 120 8'% 8' 25>0C 23' , 2' 12300 29% 62800 72' , 1200 4' g . 25300 8% 7% 300 28 100 r> fc 1703 8 637X1 40 ; 4200 24-, 36200 26'? 24 4 300 14 !4 200 124 2 123 ?T7: 64 , ?. . 600 85% - '. . 600 - ' 4080O 9% r, 500 33 ? 100 65 65 58500 22 p 19 11600 121% 118 . 700 66% 65 j 100 92 r-2 6C0 274 2 "21 130 700 59 68 4300 109 200 S , 8 400 19% 19'4 13900 50% 49 ., 100 14 4 14 4 200 4; 43 30 6 . 7-JOO 13% 12 1600 4~ j 2150 -"2 g 61 4 14400 3000 91 a. - 600 33 32 200 40 48600 7934 ?20d 110% TO 7300 53 j 61% 200 Sa o .3800 3 ' ; 50% 1400 29'4 28 ? PC0 73 4 72 2000 88 8' 3500 8% 6 800 7% " - 62 70 22% 20 200 61% 6'.% 3700 9 4 8'? 2500 17 *6 % 4000 22 4 1 >Ta 900 58' ,- 5S 200 83 .. F.7 * 4200 45 44 1100 8 4 8 300 15', 15% -'00 35' 2 35 2 "600 12 's 10% 300 15 12 1600 6 6 a 600 26 26 800 ?,4 9O0 25' s 25 2000 119 115% 350 112 112 300 40 39% 2? 73 73 IDO 69% 59% 600 8 7% Ntl ? ?>?m?, ehr?. ?7 -2 - .-- ' : ??. ? 2 109 1 - 81 - 23! -.- ?i ' - - 1 71%- I'? N -- . o - *, 6 ? 1 8 - 4 ?< 21%? 2 ? . ? ? . 6 - - 1 9 ?- h 32 ? t I .7 ' ? 1: 4 av- 34 6f "4- - '4 92 ? 1 4 ?30 ? ?ft 7? ? i'l ;09 - ?4 8 j - ^ ^ ? - ?'?? 60! ? 14%-t V* 43 ? 1 H 1 ? ?i- 2!i : ?? *'? 46 .-? 3 ?89 ' - '4 32 -.2 ' 78 ? ' 1 ? 51%? ' 9 -- '?? 28 4? 1 /-',? i t 87 ? 8 1 i - e? -t 20 - ? ? 61 r~ '?* 8%? '? -9%? 2?? 53 --* H2V '??* ?4H- ? 8 ? * 16 .- 1 35 ? H - ?*, -? V-g 12?2 e + '.'? 26 - !'? 33%? 'i 23 - m 118%-t '* 112 r>\> 30%-r '? 73 -? 69%- f* ?4- I?