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BONDS WORTH BUYING General Fuel Corporation 10-Year First Mortgage 8% Bonds Due September 1, 1931 Secured by first mortgage on the entire property of the company now operating [.three up-to-date mines. Supplies coal under contract to the New York Central System. Price to yield about 8% Raymond m. Smith & Co. Incorporated Investment Securities ?IJ CEDAR STREET NEW YORK Telephone 372'.: ' rhn JVete Issue United States Treasury 3%% Certificates Due Sept/15, 1923 All maturities of U. S. Treasury Certificates an'1 Notes Bought and Sold DISCOUNT HOUSE ot Salomon Bros. Qt Hutzler Mtmhri Srw Ttri ftwti OO WALL ST.. NEW YORK TSI.SPHONI ? WMITSMAU. 4700 ?OSTON BUFFALO CHICAGO PHILADELPHIA F1TTBBUBOH Daniels Motor Co. Preferred and Common Gillespie, Meeds &C01 MlMSeaS NEW YORK STOCK EXCHANOf 190 Broadway, New Yort r^te?>Mt>ME RKCTOK. A2M > Amer. Exch. Nat Bank * National Park Bank i Gilbert Eliott A Co. MoMbars New Vat* Stoofcfxchange 20 Exchanc* PI. Bowk Or. 02B0 American Lt. & Traction American Gas & Electric Bought ' Sold - Quoted H. F. McConnell & Co. j Member* A?I0 >V?rtt .Slock J7r change HjB'niv, V Y TH Bowl. t.r Huntington Jackiou & Co. I Railroad Bond* 43 Eiefcaage Place. New Terk Tff EQUIT \BLE Trust company OB NEW YORK. JAMES art:YER HOME TO-DAY. James Spe.vrr, hanker, who ha* been inroad tor two month*, la returning .tboard the Olympic to-day and on his arrival will go to hi* country home, Waldhelm, Scarborough on Hudson, N\ V. FOREIGN MARKETS. LONDON, Sept. IB?I'rlee* were .rik on ttie dtock Kcrhnnx* Co-day. Quotations were r * follows: Par eilver, Sfl'id- an ounce. M?r gold. P.'le. 4d. l i count rat"*?Flmrt hills. 2 7-16 per cent.; lb , month bill., 5 T-MWS't per cent. T< o anil ? baft per cent cnneel*. DflH. liiltieli per urot. loan, 01"%. t.jllch 4'o per c.nt. loan, 07':. He Iters. 2<i. linn I Mines, 11<4. PARIS. R'pt. I* Price* wefe hear? the T-ou'i '.o-di Quotation* wen foltov f >k ThP?'?' fN*P #* ? *. r? ?lf dOc. f ^ .?Mm-- OC I.O "Ion, :.sr tlftc. V. ? '-Nrilar. lot. cfe. BETHLEHEM TaKES LACKAWANNA TODAY Steel Plants to Be Transferred at Ouee?Stockholders Approve Merger. Stockholders of the Bethlehem Steel Corporation and the Lackawanna Sted Company In special meetings yesterday formally approved plans under which the latter company's property will be absorbed by the Bethlehem Steel Cor poration. Although the exchange of stock will not be completed until the lapse of two or three weeks the trans fer of the Lackawanna's plants to Beth . lahem will take place to-day and hence forth all sales will be made In the name of the latter company. Bethlehem's stockholders .passed the resolutions without a dissenting vote at a meeting which had the largest repre sentation of shareholders in the eom l>any's history, according to Eu'jcno G. Grace, president of the company. ? The resolutions culled for the purchase or tlie property and assets of the L&clta ! tvannu company; a change froth Beth 1 lebeni's present capital structure of ( four classes of stock to one class of 7 i per cent, voting cumulative preferred : stock and one class of voting common; i authorization of $15,000,900 udditional 7 per cent preferred to provide funds for improving the Lackawannu plants ami the authorization of $28,000,000 additional common stock to bo available for us. at the discretion of the directors for payment of stock dividends and any | new properties that may be acquired. I When the exchanges have been com pleted the capitalizut ion of the com pany will amount to $77,000,000 7 pr,r cent, cumulative preferred stock and TSr.KM.500 common stock. The certifi cates notifying the Secretary of the Statu of New Jersey of the. tncrcuse were filed yesterday at Trenton. Further details in connection ^ith consummating the merger will be con sidered nt Thursday's meeting of the company's board, Mr. Grace said. In taking charge at the Lackawanna's prin cipal plants at Buffalo to-day he said that tile Bctlilehrru management will | make changes of personnel only in the higher executive capacities in the vari ous departments with virtually no dis turbance of the rank and file. At the close of the Lackawanna stock holders' meeting George F. Downs, pres ident of the company, issued the follow ing' statement: I "At the stockholders' meeting this morning the sale of properties of this company to Bethlehem was authorized I by stoeabolders of this company wlth ] out opposition. The resolutions author j izlng the transaction were adopted by considerably more than two-thirds of the entire stock outstanding. It is ex pected that the Bethlehem Steel Cor j potation of New York will take posses | sinn of property a.-, mnn as legal for-i I malities can he completed." DEFICIT FOR FISCAL YEAR. Interna t last I AgHnUtiral ( or porstlon fhons IMH7,874 I-ohm. For the year ended June 3D. 1922. tb< : Taternationnl Agricultural Oorporatloi i reports a deficit of $467,87-1 after inter ; est, depreciation and depletion. | piffd with a finul d< flclt of 12,342,531 in The preceding flseal year. The company's profit, and loss as o : Juno 30 last was $962,320, comparei : with $1,350,683 u year previous. it assets included $1,717,252 cash In ham compared with $2,089,390 ft year prevt ous, $1tt.406.2S( In receivables rim $3,553,'557 due from subsidiary eotn panies. Liabilities included $11,887,50 i in loans and notes payable compare ! with $14,155,000 h year previous. $S5?. | $13 in a? ttOnts payable and $2.743.20: in special reserves. MAGMA-TIDAL 09A6U ?TOf K. As owner of the rr.ajori ? stock of th Mugma Oil and Refining Company Tida! Osage Oil Company, a suhsidiar of Title Water Oil. is offering the Magm minority stockholders the epportunit to exchange their stock on the basis c seven shares for one share of Tid( Osage non-voting stock. e Business Troubles rETITlON 8 IK BANKRUPTCY. Petitions In bankruptcy filed yesterday la United State* District Court were: IIKRZ. INC.. auto accessories, 187 Locust at.. Tlx* Bronx.?Involuntary. Harry H. Kutner, 4552, Frank Soldi, $2.-,. and Charles Taplin, *10. Zalkln A Cohen, attorneys. CENTURY WOODWORK CO.. 0.'SO 1st av.? involuntary. Ma* Gamenfeid. 4*35. Abra ham Kaf jr. $805, and Smith A ft one Con tracting Co.. Inr., 4283. flutinr A Wetnrlb, attornejh. Leonard B. Zclsler, receiver; bond $2,900. IJALLEK CAR AND LOCOMOTIVE CORF., 25 BrOHd st.?Involuntary . Ellis K. Wax ham. with a clalni of 110,827. Klrlln, Wools,>>, Campbell, Hlckok A Keating, at torney*. SAMUEL MARGULIES, floor coverings. 4.75 West l.75tli st.?Involuntary. Cella Dwos kln. 4112. Jamie Estersou, 4-17, and Alyro H. Srbeneh, *502. Mm* JVithenberg, attor ney. Charles Shougood, receiver; bond *500. LEO PURPUREA, confectioner, TCewburgh, N. Y.?Involuntary. Paul Roscnbauni, 4100. Alber E. Bradley, *80, end Hilton, Gibson A Mllkr. 4400. i>. C. Doinlnink. Newburgli. attorney. Walter Jacobson, receiver; bond 41,000. K. IKH.TZMAN DRESS SHOP. 1707 5th aw? Invduntary petition agnitiel .lean, also known as Mainline Holtzmau. Morris Aug ust, J2.5O0. Para Israel. 41.400, and Gurrie Kom. 4218. Davit J. Shapiro, attorney. NE I. DUNCAN, milliner. 707 Woet 70tli st.? Voluntary petition, with schedules, by Nell LUND it- FUNK. INC., produce commission, , 4<*S j ith a v.?Involuntary. Cuomo a- 1 *?? ! Deo, 4".020; Stcrnoolo Bros., 44.7, and 8. Hanowltx. *1'KJ. Ale* Lm-lne. attorney, ill NORWOOD EWtNQ CO., paper selling | agent, 277 Broadway?Voluntary. Liabili ties, 4105,205; assets. 441,1118. Engel Bros., attorneys. ARTHUR M. LEVINE. contractor. 172 East 107th st.--Volunta ry. T.labilities, 4*1.017; I assets, $800. Zalkiu it Cohen, attorneys. S( IIKIH IF-.S IN BANKRUPTCY. I Schedules In bankruptcy filed yceterdoy In the L'utted States District Court wore: j JOSEPH WEINSTEIN, ladies' couts, 22 j 7\'e*t 21st st.?Liabilities, $65,213; assets, i 412.78 I SIMON ENGLEU A- SON. hosier? . AC.. 473 I Broadway.? Liabilities, 41272276; ausets, I 474.378. CARL HALPERN (tio address nor occupn i Hon given).?Liabilities, 48,0.71 ; assets, I 45.000. rilil,TP MEDWIN, dry goods, 7*1 Orchard I St.? LlabUitins. 45.5,182; assets. *14,527. MAURICE M. WOLF, rtesler In listed secur I Itles, 24*1 West 51st st. (with branches In ! other cities).?Liabilities, 4276,74*5; assets, 4104.675. I SILVER FOX BEVERAGE CORP.. 5711 Tlmpson place, J)ron*.?Liabilities, 477,087: [ assets. 415.094. RKCnVCRS IN BANKRUPTCY. Receivers In bankruptcy appointed yester day ill United States District Court were: 1 I.iLAC DAIRY CO . INC.?James J. Sullivan, receiver; bond *1.500. GREELEY TRUNK * PAG CO.-Judgu Julian W. Mack appointed Aaron Schneider receiver; bond 41.0**0. I MANASSAH BRANDT.?Wolfgang S. t#oh#a i bacher, receiver; bond .*5.000. i COHEN A F1NKELBTKLV.?Susan Rrandlcs, receiver; bond 41.000. I FEDERAL ADDING MACHINE CO.?John B. Johnston and Melville Boyd, receivers; bond $2j,000. RHGMGNTR FILED. The following Judgments were liled yester- | day. the first name being Uiat of the debtor: , NEW YORK COUNTY. ARRAMS, .Tnroh H.-Stale Bant... 4850.71 I ALEXANDER, Bernard?Jay Kff A Ell Deo Co., In*' 814 110 BACKER, Samuel?B. Strauss 13,781.4*1 P.ALTEUMAN. Harry C.-B. Oh bin A- Sons, toe 501.42 j BERGEll, Louis and Hnrry?Swift ^ j _ Co.. Ino 200.-0 ODRW1N, I'nniel Q. and Andrew O. Norden (Valley Stream AVood w orkers)? Griaria Resltlcs. In*-... 888.0, OORHKTT, Wm. W.?IT. Carr. 225.00 CADTEUX. Florence (Cadieu* Co.* ?Ilenrv V". Flsbel A- Sen-*. In*-... *2".81 DOMINA. Edw. E.?O. B. Weber.. 247.13 EPSTEIN. Louis?It. Weiss et al... 873.3> Vox, Archie, and JacK Frost? People. Ac 500.00 fOWLEIt, John, and Columbia. Cas ually Co.?People, A-e 1,000.00 FAIlRKLLY. .lack (Jack Auto )te p'alr Shop)?Bloch Adv. Service, Tne L. 215.10 GARFIELD A I'ltDCTOR 0OAL CO. - Twenty-three Twenty-five Bea ver Sireet Corp. ... yl, 175.07 GATES, Chas. C.?Clarence Hudson A- Co.. Tne 5,571.50 GENERAL AUTO BODY CO., INC. -L tiillaw Co.. Tne 343.52 HOflt'HH. Loo-8. Washer et al... 427.0:' HOtJOH, Edw. H.?Hewlett. Bros.. 798.02 HUGH B. ROBERT .< CO.?Edward Darby A Sons. lw 1.174.15 "ALI.ETT. Harrison Tl.?A. 1'. Stevenson 250.07 'Ai'itBSON. Louts? Paelfir Banc. . 3,258.12 VESSEL, Adam?Brown Bros. Co.. .794.45 R 1IJ8II, Martin?I Kadler 134.10 KRAYBER METAL 1'RoDUCTS OO.. IXC ?H. ScfmltZ $.767.80 ?r.AKE Cltaa. Tl ?Best A Clo.. 23*1.53 'OTlLKIt. Lev?S. Washer ft al... 427.413 MACKAY. Hugh?F. C. Barret* J,2?l.4* t'TTCHNICK. T.'lUis A. Rtste Bank 223.25 pfeCORA. Joseph, and Frank Mauro ?C. TV, M-iUstedt 262.47 9VM11T. Christ?C. J. Spelhnan ri al 8.71.95 ROTHKELD, Louta?State Bank. 455.95 RAUL1NGS. Walter, and Columbia Casualty Co.?People, Ac 71,4*00,00 STOCK EXCHANGE TRANSACTIONS (oiilhmpd from Preceding Pap*. 1052. .1 f-i Inning.?. 1)1 v. 1 1 Open High How- 1 Cloa-I Net Nlfh.l tjow 1 Rid. | Aak. |In8.1 Baku*. ? ing est. est. in*. ICh'ng*. 62 84 57 60 - 2 400 Twin City It T 584 584 574 574 ? 44 78 65 75 75 % G 300: Union K & P.. 75 75 75 75 14 25 174 194 19% .. 1700'T_"nir>n CM) 204 20% 19% 19% % 154% 125 1504 151 10 6400 1'nion Pacirtc. 152 4 1524 150 150% 24 80 714 78 79 4 lOOjT'nion Par pt.. 78 78 78 78 116 BG 112 117 7 lOOjUn Tank Car.. 114 114 114 .114 2 113 102 1084 111 7 200!Un Tank C pf. 108 109 108 108 41 % 25 38 4 3X4 2 200iUn Alloy Steel 38% 38 % 38% 3S% 175 140 145 175 8 . 100|l*nit Cigar St. 175 176 175 175 4-10 83 H 60% 77 80 SOOipnit Drug Co. 79 4 794 794 79 4 % 95 7.> 7 100|T."nited Dye pf 1000'1'nitod Fruit.. 95 95 94 95 1554 119% 151 16.3 S 152 152 160Ti 151 % ? i% 197a 74 134 114 700 Volt Uy Inv.. 144 164 134 134 ? 14 36 4 20% 30 4 .31 .. 400IUn Ry J:iv pf 30% 30% 304 304 1% 87?t 434 32% 82% 6700!Unlt Retail Pt 84% 84 82% 83 1% 30 164 81 34',i ?? 500 r s c 1 p & r 100 rsci p & f pf 344 344 34 .34 ttfta. % To 50 T? 73 5 73% 72% 72% 72% _ % 104 2% ? 1 ? 7% .. 1600 rs Fnod Pr... 7% 7%l 74 7 4 25 4 194 224 22% 100 IS 14off M... 224 224 224 22 4 ?w. '% 67% 37 63 63% ? ? 710o!l"S Ind Ale... 64 64 ' 62% ?% ? % 824 r?r? 'sm 784 79 280o'l\s R * imp.. 79% 79% 77% 78% -a 1% 67 4 51 V 63 53% S'JOOlt'S Rnbbef.. . 54 64 524 58 % 107 91 97 97% 8 400 FS Rub 1st pf 98 98 97 977* _ 4 45 54 32% 42 42% .. 100 PS Sm, RAM 62% 42% 42% 42% % 106% 82 5 43609 L*H Steel 104 104 % 103 103% 1% 1224 1144 7 300 FS steel pf... 122 122 122 122 714 60% 67% 674 2 2400 1'tah Copper.. 68% 68% 674 67 4 ? 1% 224 "4 21 214 soon l*tuh Sec 21% *>?> 20% 21% __ 14 rs* 30% 494 49% 15500 Vanadium ... 51 4 514 48% 49% ? 564 90 ? 94 97 7 100 V Krialtc 1 pf. 95 95 95 95 4. 2 864 254 26% 27 509 Va-Car Cheni 27 26% 26% ? 1\ yo 58 ?54 66 500 Va -Car t 'h pf 66 66 66 ?>; 4. 4 14 64 12 V/ 124 8400 Vivaudou .... II 134 12% 13% ? 4 14% 6 124 12% 6 1700 Wabash 15% 12% 12 124 % 354 19% 31% : 32% I S'00 Wabash pf A. 93% 33% 324 *2% As 17 10% 13% 11 4500 Web 4 Heilb.. 14% 14 % 184 13% 85 66% 80 80% 5 200 Wells Fargo... 79 79 79 79 174 8 4 15 154 1S4 .. 2700 W Maryland.. 15*6 13% 14% 15 ? 4 244 13% 13 200 West Par 134 1*4 1*4 1*4 % '44 51 % 68% 64% *6 600 West Par pf.. 64% ? 64 64% % 1214 89 115 116 ,00 West I n Tel 1114 1154 115 1154 ? 4 65 4 49 4 63 63% 4 4500jWeatJng K&M 634 6.34 624 63 ? % 524 25 314 314 2 3400 White E*g Oil 32% 82% 31 r Si 4 4 112 107 11074 107%! 7 2100 West Flee pt*. 107% 107% 107% 107% ? 4 164 6 13% 14 3y loot) Wheel ,* I. 1-:.. 134 134 134 13 7* + 4 29% 124 24 25% lOOjWh * Ij K pf.. 24 24 24 24 1% r.4 354 504 51 4 1400 White Motor.. 61% 61% r.04 60% _ 14 114 74 84 84 1200!Wh1te (Ml 84 84 8% 8% + 4 ?14 13 14 14% .. 1900 Wick 8pen St. 16% > 14% 134 144 4 10 44 74 7% 81001 Willys Over.. 7% 7% 7 7 _ % 49 4 24 434 <6 800 Willys Over pf 43 44 43 41 504 274 47Va 48 1900IWilson & On.. 68% 48% 47 474 334 25 31 32 V. 200 Wis Central... 31 81 31 31 _ 14 1 554 414 424 624 5 Ml j Worth Pump.. 42% 42% 41% 42 79 64 73% 74 6 2001Worth P pf 11. 78% 78% 73% 73% +. 4 ?Ex div. tEx rights. Jin scrip. x Part clock, c In stock. fPart extra, c Cash. NOTE?Odd lot tranmotlona arc not recorded in separate lines unless sales went inudo ?t price outside of the regular range. UNITED STATES TREASURY STATEMENT. fperlnt Pit-potth to Tint Nrw Vests IfBaxr.e Netr VnrU Tlrrald nureait. ) Washlnxten. n. C? Sept. IS. j Revenue eer-alnta and expenditure* an at rloee ef hualnewi fteptrmher l.V Corrtapoii'ilne Correspnndlr. t Tht* parted *F1aesl period ft*e?t Receipt* ordinary: mantb. I"1 fir. o?r IPi! '-ear l?2J Customs ?ix,4tc.wr> sn.wn.aei HM.9w.itp" |nT,M3.l.ia I Intarnal revenue: , Ini'otoe nod profit* tat -tt.nn7.tn:.-. %*. at.t.ti* w.Ptw.m: 1 .VI. I.** 733 i Miscellaneous 47.053.*to W.noM*" 244.48HJCO ::5i.?7r..37n Panama t:anal toll*, tr S74.274 i/W4.?sm 2.rt?.V<*7!: c.?78.?Tt Mieeollaneous revenue 6,19a,042 tt.45V.0tv. .10.722,40" 112.992,978 Total ordinary 128,714,020 i:.6,.H7,M12 ."O. tds.nis 607,?2?.i7a Exoen of ordinary receipt* over ordinary itjetmraetnenl* 21."03,721 ...... ...... I ISxi-eaa of ordinary riHbui aeniontr I aver ordinary recolpn, 0,210.1*4 'I...1.1.021 22.4.X I j Total ordinary dlaburaenn nt? 121.878,330 133.ft7l.5tl 301, fftn.ies 74tt.arat.li2; flnlancn to-day. * KM.2T2.277. ?lUveiplt ami illxbui ? for June re*. -Irs th? Treasury in July art Include!. A Bank, for the Builders A real bank stands for all that is substan tial in business and in banking GARFIELD National Bank qf Business Fifth Ave. and 23rd Street H.B. BARUCII JEROME LEW1NH H. N. BARUCH RUDOLPH ZENKER E.W.FITZGERALD SECURITIES bought and sold for cash or on conservative margin H. HENTZ & CO. Established / 836 22 William St., N. Y. 55 Congress St., Boston Tel. Bowling Green 3940 Tel. Congress 6176 WE ARE MEMBERS OF: New York Stock Exchange New York Coffer and New York Cotton Exchange Sugar Exchange, Inc. Chicago Board of Trade (Associate Members) Now York Produce Exchange Liverpool Cotton Assn. Certified Security Our 5te% Guaranteed First Mortgages or Certificates are like certified checks. They are secured by the value of the property, the bond of the borrower and the absolute guarantee of a strong financial institution. From $100 up. Send for our booklet U-93. NewYorkTitle and Mortgage Company 135 Broadway, New York 203 Montague Street, Brooklyn Long Island City Jamaica Statcn Island White Plains SECURE*>THE BEDROCKNEW YORK W.lJCfrsRJRW to ?' , ???aaS, ? yjr . .S To the Holders Ten Year 7% Secured Sicking Fund Gold Bends of The West India Sugar Finance Corporation NOTICE IS HEREBY GIVEN that Tire Wert Irdia Sugar Finance Corporat ion has deposited with the Guaranty Trvs? Company of New York as Trustee, under the provision* of Article Fifth of the Indenture between said The Wert India Sugar Finsnce Corporation and Gust ? anrty Trust Company of New York an Trustee, dsted June 14th, 1919. securing its issue of TEN YEAR 7% SECURED SINKING FUND GOLD BONDS, funds for the redemption of said Bonds at the par value thereof together with a premium of five per cantum thereon and accrue^ interest to the neat succeeding redemption date, as therein provided. Holders of said Bonds may receive pay ment therefor on and after September 14, 1922, at one hundred and Hare per cent, of the principal amount thereof and accrued interest, upon presentation and surrender thereof with all unmatured coupons attached, at the principal office of the GUARANTY TRUST COM PANY OF NEW YORK m the Borough of Manhattan. City of New York. After tbe redemption date, of which due notice will be given, said bonds will craae to bear further interest. THE WEST INDIA SUGAR FINANCE CORPORATION, By THOMAS A. HOWELL. 8 rent dent Dated September 14, 1922 MONEY MARKET. SHORT TERM NOTES. MONDAY, eeWQEHSES J 8. RcBewals 4 It-ait 3'i Hlirh 4 fear's i>ln|i Dow 3!/Year'.< low .114 TIME WAN*. Security. Roto. Due Hid \sv* I Yint'l. AlCeAffl...7 Nov 15 ini?j MR s ir. A!' o Am.. .7 Ortt. *? 100*1 107 01.'. Am' ntOil..4 Rapt. 2/24 W??, 9l?S 0 2* AutTAT .0 On. MS 100 J00>* 3 12 AmTAT. <1 Feb. '24 101 i 101 *4.51 2!;::', l ; AmTbrwd.o t*- ?*? km* m*?- ?.*? Kurd < oil itoral*. 00 day* - .. ? - ... Indu*trlnO>, no day* 4 AmTob No*. -3 101H 101H .>-81 Industrials, 90 day* v 4* AnacCap... tt Jea *20 W2'? 10214 3 .'>4 rowncui. pah.r. AneCop Jan. '20 103?, 101 6 '21 A-Ami >1.141.7Apr. "J3 103*4 103 4 .". 00 oJhlrn?,lIim.;4 4,0!n^CMmMOia Ju Aruionr oPv7 July 16/30 104', 105* O.W lilm hit.. ...VK H HAORRool.0 Apr '24 1?1* 101 >, f. 13 DIM Ol NT HATE. I.KKERYK HANK. ^T?A? .'f Apr! ll m, ' loi '< 6 Oi ( oinm^prinl pitpi.T, 1*2 dnyCi CO to 00 > n?iiiuii( vn 7 k,u. 1* <U**. 4; Llbmy bondR anrt VlHory vmvt*. 15 7^ ,A\~ "** . day*, 4; IH u> PO day*. 4; banker*' accept- , BalRAlK rp.O An*. 45 1001, 100* 5 0* a nee*. ir? tn PO clay*. 4 j I'aaNnr... .5 Mar. '26 40 7-1% 0011-14 J.13 OTEN MARKET KATE. CaNrRy*'oA H Den 22 100 100 * 4 0.) Call loans and accep'aai-e* 1% Dlanount rale* cm prima baiileem' ae.*pt Auras . IlRlbl' for purcbaae by Federal lie xerve bank*. BIO. A?k.| Bid. Ask. (0 da.v* 1 ? I!!*; P" clay* .'t?4 3% 1 CafrrRyUaiH Dee. *24 MOM MO* .5 oj CoNrHyOod AnT. *24 101 101 V* 3.22 < anf'a' 0 Mar. 2. '24 101 1015 ?*i (eeAoi.... 4 Feb. '27 04 \% 4'. 7 34 Co?K.aaNY7 DMA 1/23 1005* 10" H 4 1.5 40 days 814 31. 120 day. ., ? 314 I < ctpF.xp. . .S Fab 1A,'?4 10-"4 II)'.' , S.J CT.EAKINti HOI MB ATATEMKNT. cbpitp., .8 Fab. 15/25 HU'j 104 4.22 riemrini; House exrhaiiaa*, 8440,000,000; OueJI'k..../ July 13.33 101*4 lOt"*, 5.0J balance*, Mn.noo.OOO; Fadrral Raetrva credit I wtSug o Nor. "24 101 1DI M 4 71 til K/Vl t M141 * I . . _ . ... _ balance#, |a.'t000,800. ) ? Bfo?trh...7 Apr. *13 10.1 1031, 3 ?h MI.VKR MAKKBT. i.ulfKU . .0 July 13 101 101*4 4 45 official bar allver In New Ven-V, demiaatla. c.i,||oil J Fab. '.S3 10414 104^ 0 34 !5iiL?V ? ?W! HaMValO M.r '34 100', 101 u 3.00 London. 85'.d.. otf Md.; Max lean dollar*. |KT(-0,.nv 8 p*pt. H t?4', ?5'4 l*ank? of I'llvar prlcea thla year: ' KaoL'tyTiuO Nov. 1... 13 lOl 101 ?? 4.41 IllBhairt. lowest. Kci>i>e"oU..7 Fab. '30 104*4 106?? ti.05 Naw 5c.rk 73JAC . May 12 M%c.. Fab. W uartaclfCNL.T 3?io2>i 103 ? 42 liondon 37Hd . May 22 3SKd.. Feb. 21 Ub.cn.VEL/ May ^ il lc>2), 10.1 w tU baarsKoa.. / Ibt. 13.22 11*1 10014 4. 0 _ , serene*!... 7 Oct. 10,'73 101*4 3.1U VrS. CERTIFICATES AND SOTES. ? .. 1 9?. & jwil iw? ?? Mb*nBeil. 7 Apr. *75 io.i IIMW 3 ^ . I StPILn 514 llw. 13/23 101 loi 1, 4.4) TVr. Apprcne. M?do NT. 7 Jaa. '25,31 101114 110V4 Month, l ent. Year. Did. AMerel. Yield. ! MandqjTY.CH May _ 33 I0l_ 100', 3 33 October.... 3'4 IP'-'J loo . . 3.14 h?lfr*Co..7 Oet. 15/33 10114 l"1'| 3J?."> ?r>*eeinbeiJ n>4 IP'jj 00 3 25 bwlflA''o. 7 AM 13. 31 103 103'/ 4 ."41 ?Decembe r 414 1422 Oil 3-tg i ? L'bSfc.. 0 Ho|M 15/28 IIK) 100H 3 4, ?Decembe r. 4H F - ?*? 3-14 3.13 VlM.,mm0 r Afw '3b icw?j ina , a oi I ? ' . >.?.... S ?> I*-- I ?? "I lie, ..?? . ?, > - I in. >11 1111.1. IIIIU 1 I . -mV,h,.::: ??; iT.it. m:<? ,r?ri? :i.Ai a vtn \sn41 ?Called far payment at 103 Uat. 1, 1922. tCalleil lor raymen. at 1001% Oap*. 15. 1423. ?June 1023 100 l-id toon-h. 3.44 ?September .14, 1P2.I !'?' inn 1 s Ileal ?IBM h'v W-'-i inn 1-16 jcicia in .".in . ? . ?Baptembri . iP2;i inn ino i c jum ?June 3*4 H'Cl 102 1.1-16 10J J.5 |C. 1.|?v 1 MTKD *T*1*1 PRI-lftl BUND*. September tie:i ice n in m. t.i in 4.01 Bid. A*k Hid. A?k ?March 4't 1023 101 l-l mi;: 4 4.in 1 2 s r 'SO. ..lOCl IOC'* 1' 1 4*. '35. 02 'lienamber.. 4% 1023 Its)!?-16 inn 11 |fl ?.)i: 3s ? '4? 02 01'.. I mfc' v.. 00 100 ?March... |024 101 3 I I'll 7 * 4.1* I' 2? r '3d 102' 1".".', 'It-- 1% '11 t..Vi 120 ?Jcptembef* r, lOTci 100 3 HI inn .-.-16 4.1? 2* 1 8# 102!', 10. #'*!' 11 )?. 344.3 120 .?n?ab!< 10 Pi" meai nf 1 ? d' Tt I**' a oa 1' I I ?? *54 02 Pi <f atiatlTll'.1 . ' *5 leld. 8% Cumulative Preferred Stock Standard Gas & Electric Co. Par value $50 Lhlci on Chicago Slock Exchange Non-callable Quarterly dividends payable on the 15th of March, June, September and December Price at market, to yield over 8.00% A well protected non-callable 8% investment ? at this time, when experienced investors expect lower rather than higher re turns from high grade securities-?is exceptionally attractive, both for high current returns and for possibilities of increase in value. The following facts recommend the 8% Cumula tive Preferred Stock of the Standard Gas & Electric Company: HPHE Company's operated utilities supply necessary services in continuous demand, a demand which is permanently maintained and steadily growing. X) US I NESS is diversified among more than 525.000 custom ers in 578 thriving communities of sixteen States. T ARGE modern physical properties are back of the com pany's securities?well maintained, and constantly be ing extended to meet increasing demands for services. HTHE business is free from violent fluctuations, and shows a healthy growth, net earnings of operated utilities having increased from $4,699,814 in 1912 to $12,347,606 in 1921, and this progress has been consistent. You can purchase T^HE management possesses the advantages of this 8% Cumulative A long experience, skill, and efficiency. Preferred Stock by mailt safety and can- THIS 8ro Cumulative Preferred Stock is widely :ZZTy^ZjZ 1 distributed, nationally known and com tire 10-paymentplan. mands a ready market. Write for circular NH-104 and "Foundation Investments" H. M. Byllesby and Co. 'incorporated/ Investment Securities 111 Broadway, New York New Haven Providence Chicago Boston Out of the Ages our modern bank has been developed?occupying an indispensable place in American industrial and commercial activity. A development so closely connected with that of the nation that the two are inseparable. Close and continued contact, and a constructive part in the industrial growth of Brooklyn have given this bank the immeasurable advantages of a complete knowledge of local conditions and tendencies. A bank foi Brooklyn, to the complete banking facilities of which is added a thorough local understanding. Ask the Man Who Banks Here N # NASSAU NATIONAL BANK OF BROOKLYN 46 COURT STREET NOTICE OF LIQUIDATION The National Bank of Commerce, , located at Yankton, in the State of j South Dakota, is closing its affair . i All note holders and other creditors of ! the association are therefore hereby | notified to present the notes and other claims for payment. L. A. Royem, President, j Dated August .51,lrLl2. ; LOST Ho."fcrn r?< Iflo Company Block C>:r tirtrai- Nil? i iTWIi for 10 nliarfH In tiie ; name 'Carnmlo Atomic." Notice In hereby j Klven t*i allow I'Biiaf wiry a duplicate chotilrt not he laau II NATTONA1, W RETV COM 1'ANY, N?>. m Mroailway, St* York. N. T. nrnnv nt ns humid chasgks. Daniel W. * ill lotto and Clarence Vree land have resigned from ihti board of director* of Buddy nuda. Inc.. armrd Ina to an announcement made by W. A. Millet. president of the eompany. Cedrlc 1? Smith, George L. Storm and .fudge Aaron .1. Levy havo been elected to membership In the board. RAW SUGAR FUTURES. Tlange of prices: Op IT October....... I.f November ... C.O 1 member..... i.l ?t.Tuery .. 3.f Mb n il 2.fl Mb .1.( July .1 2 r 'rev. . I .Of. C|0?e. Cloae. 8.01 2 00- .1.01 3.0k ; M 1.00-0 ft.up ft 10 3 00 in 1.1.1 .1.01 0 fm.p; 8.0(1 2.M (.92-03 V 09 .104 8 04 1.10 8.21 COFFEE rtrv. Open. Hlg't. Lor . Uloea, Clr.*". recent bar... 8.5t? p. fa n.42 nil p. 10 Marvh v ,i? ft.,',0 p. 1,, p.4; it y. Mar ... iiM MS t< M. P-N ti.n "t vTT n , p p ?* a ?l Asia Banking 4 Corporation m ft An American Bank rendering complete service for trade with the Orient and other parts of the world CHARLES H. SaBIN, Chairman of the Board Charles A. Holder, President T. Fred. Aspdfn Irving V. St ott Pice President Pice President E. B. MacKknzie, Secretary HEAD OFFICE: 35 BROADWAY, NEW YORK SAN FRANCISCO SHANGHAI HONGKONG MANILA SINGAPORE CANTON HANKOW PEKING TIENTSIN p',0 m