E h I If Wfj y v. J -T.t . Is."1 ir v,-va.i. " ' u I Jl I Mi H IJWUSI l fc ii -UA' V L ' "-T ",J T AUiBHIUllE 'eWtB T.lVHWlT V7 I '" WVMJ'' V - .u.fc tv-v I m ..f i.i ftS! v Wii m. MjU m m,t .fai f,A- m W ' ESS ra 1 market spotty te I United States Government Securities BKCC1UTTES DEPARTMENT COMMERCIAL TRUST COMPANY Member Federal Reserve Prstem City Hall Square West UT VERY STRONG Oils and Lew-Priced Railroad Stocks Had the First d Call Dlr. Baleg In $ ft'- ?- ?'. OZARK POWER & WATER COMPANY FIRST MORTGAGE 5 Geld Bends Dne Mnrch 1, 1953 Issued under direction nnd by authority of the rubllc Sen lea Com Cem Com mleslen of MIseurl. consent of which must bn obtained te lsue nny addi tional rin MertffaKe Meml. Company under m.inaKement Henry L. Doherty &. Company, operators and managers. Pities Scrvlce Company and subsidiaries. Tax Refundable in Pennsylvania, Maryland Price, 73 and interest HENRY L. DOHERTY & CO. 604 Merris Bldg., Philadelphia l-X R icis!!m;H!iHmiiaMjiiiT' $100,000 Atlantic Coast Line R.R. 6 Equipment Bends DUE 1932 Coupens January & July 15 Price te yield a return of 5.70 Particular en Application BIOREN&CO. Established 1RG5 410 Chestnut St. Members of Xew Yerk and Philadelphia Stock Exchanges New Yerk. Feb. 20. While Knotty In movement, today's stock market had a lecidedly strong tone. The foreign oils nnd the lowcr-prlce rails were the -mUtandlng features, but their strength furnished a strong back leg te the gen nral list. As In most of the preceding MMsiens, the mera intereHting develop I nients occurred outside of the market. J Sterling exehange made n new top quo tation. There was also a sharp snap i 'nek in grain prices. A late flurry In i -able money te 0 per cent wna Ignored. 1 Adjustment of cxnert taxes between the Mexican Government nnd the Amer lenn oil companies supplied the Incen tive for the spurt In the oils, Mexi can Petroleum was the first te respond, but Hoyal Dutch, Pan American nnd General Asphalt quickly followed. There was no particular reason nsslgncd for the renewed accumulation of the lew-prlccd or specuintlve mils. The movement was merely In line with the policy recently adopted of selecting a new lssue or group te lend the mnrkct each day. The taking up of the St. Leuis and Han Francisce Rhnrcs was wholly In line with the spirited move ment In the Iteck Island shares en Sat urdny. However, the entlre class re flected dealings en n broader scale, re sulting In advances of 1 te 2 points In St. Leuis and Southwestern common nnd preferred, Southern Itnilwny com mon nnd preferred, Chicago Great Western, Kansas Citv Southern, West ern Pacific nnd New Orleans, Texas nnd Mexico. In the meantime the shipping Bhnres maintained a strong tene and added I substantial fractional gains te last I week's ndvarrees. Although net making I much hendwny, United Stntes Steel was nlM prominent ler its nrmncss, nnn about the same thing might be said of the ether representative Issues of both the mil nnd Industrial divisions. There were three conspicuous weak ipets In Seneca Copper, Columbia Gns and Notional L'nnmellng, the latter losing mere than 7 paints en the ex pectation of the passing of the dividend, Seneca Copper sustained a less of mere than 12 points en rumors f the sale if 100,000 shares of Treasury stock. The stock market showed greater strength as the session progressed, with the professional clement directing Its efforts nsnlust the short Interest In nu merous "hares. Material gains were scored In the afternoon In a large num ber of inactive Issues, us we 1 as the ecegnlzed lenders. United i rult ad vanced O'i and International Harves ter. Wilsen rncklns preferred, Iren Products. Dm Hen Chemical, Kelly Sprlngfield, Ameilcan Tobacco, Ameri can Sumatra Tobacco preferred and United Drus first preferred - te 3 points. Ignoring the 0 per cent money rate In the final half hour, investment rails and hlgh-tluss Industrials mnde further gains. Cl-ewhcre selling for profits was Indicated. A Aurera Elgin & Chi. Ref. 5s, 1946 American Pew. & Lt. 6s, 2016 Standard Gas & Elec. 6s, 1926 Mississippi River Pew. 5s, 1951 Terente, Ham. & Buffalo 4s, 1946 Empire Gas & F. 6s, 1924 & 1926 American Gas & Elcc. 6s, 2014 Lehigh Power Securities 6s, 1927 Amer. Waterw'Jts & Elec. 5s, 1934 BAUER, STARR & CO. L-ind Title Ilulldln-. Ph1idrlphln rw Yerk Ofllw. 2 Recter Street Direct Private Telephone bet. Offices Wheat- May Jul tern NUy .... July . . . . Oat May July .... Perky-ay ..... Lard May .... JUlV .... Ribs Vay July .... GRAIN MARKET Open High Lew 25 1.4-! 1.23 1.4111, 1.4'.! l.a. i: 13l us a 41S 43Vi 04 05 .42 '43tt 01 03 ..11.0.1 ..11.87 .11.45 .11.21 11.80 12.00 n.ne 11.2.1 li.es 11. S3 11.22 11 13 Clese 1.4II1 1.27 01 H U3H 41H 43 21.00 11.77 11.07 11.47 11.23 March May . . . July ... October.. December. COTTON MARKET Prev. clo-e Open High Lew Clese 1K.1N IS 2.1 18.B4 18.24 lb.44V4B 17.07 1H.10 1H 2H 17.0' IS 1.1M IN 17.45 17.55 17.78 17.47 17 05807 mm 17.00 17.21 tflllrt 17.10 10.S3 lO.Sil 17.10 10.82 17.02 w In .f tfN I-1 r l-.iv u !, i I U i t F Beles Westwood MembcrU Phila.j5teck, Exchande INVESTMENT SECURITIES LaniTitle BM& Philadelphia PHONE'- LOCUST 4721 III HI fiEO. A. HUHN & SONS STOCKS AND BONDS Odd Lets Solicited Memberi or the Philadelphia. New Yerk and Chicago Stock Kxchange Liberty Bends Bought and Sold Nlnu Court Hide.. ltlS Wulnut St, M. Y. Ill Urettdirar bpet, 18.75. LIenoel, I"b. 20 There wan a (reed demand fcr spot cotton today with prlce tlrm. but only 11 moderate) business was done en the basin nt an advance of 47 points ter middling at 10 I8d. Thu siles were 1.1.000 bales. The leceleta were 2H.000 bales, ln cludlnR 14,200 balea American. Futures were firm with an upa.iM ti'ndncy In the early dealings, spot prices were: American, mid dltnif fair. 12 42d (reed mlddllnn. 11.13d. fully middling. 10.83d. middling, 10 48d, low middling, .".T1: geed ordinary, 8.2Sd, and erdlnarr. 7.53d, NEW YORK COFFEE MARKET Feb... March. April. May.. June. . July... Aug. . Sept.. Oct .. Nev. . . Dec... Hid Open High 8.4S04U 8'3'8 05'i b 00 8.09 8 flOB 03 S (10 h 0JO03 S.02 8'.iffi07 tNemtna! 8.70 8 74 Lew Cleio t8 50 8.47 IS 50 .. . tS.fle S 09 18 0.1 18 OU 8.02 8 70ft71 tS.72 8 03 8 7374 t8 74 t8 7.1 R 0(1 b 7C77 8.80 ITrade. Teit close 8.44 a. 44 S 4S 8 1J 8 51 m :.-, h 5'l 8.00 8.01 8 m t.03 SECURITIES SALESMAN W desire the. services of R proven I Mcurltls salesman, a man whose i Kxrd Is clean, who-B credentials are yond question, and who can present a wsll-knewn, tilgh-class, dividend- I paying Issue) in a convincing manner, I Te such a man we have an unusual preposition te make. I AidrtM Dex Ne. II 014, Ledger Ofllee , BANK LOANS CONTRACT Beth Bank and Individual Deposits Increase Reserve Position Strengthened ' Loens and discounts of the Phila delphia Clearing Heuse Institutions were reduced $1,813,000 Inut week. On th ether hand. Individual deposits jumped S.'.RSO.OOO and bank deposits were Sfn3,000 larger. The increased liabili ties, however, were counterbalanced by an Increase of $-',434,000 In reserve credit at the Federal Heserve ISank, raising the rcservp $2,485,000 te 52, 038.000 In excess of legal requirements. Details fellow : Teb 20. 1022 Inereais Leans $011,002,000 J4.813.O00 Eicc Clear Use. .. 21,311000 880 000 'u- from banks .. 811,540 000 0,304 000 Bank deposit 100.037,000 051000 indAldual deposits. 47B,S'I7 O0O 3 h SO 000 Tima deposits 10,370,000 101,000 Ues wltn 1- 11 II u legal depes Cash In vaults .. . Total reserve held. Reserve require ... Excesi reserve) . . . 2.434,000 15.000 2,480,000 1.000 2.483,000 tot ! 1M tit Ml IS 13 40 SIM 10 SM SIM 70S 4MB 409 17(0 sea 1S 10 009 SOS 800 MOO 200 lotes S00 300 100 8S0O 100 400 1S400 310 800 3700 3JI00 170 1600 200 S400 6100 300 390 tee 100 SI00 100 100 100 100 3200 100 1110 100 200 1400 100 100 100 100 000 300 100 000 1S030 100 3700 ?'J 100 100 3000 100 100 100 1S00 500 300 100 200 100 000 100 400 300 300 2100 3100 750 300 3200 1200 1600 400 700 400 700 1S00 1S00 2400 4100 100 16-100 600 100 100 3000 700 100 200 1500 200 300 8800 5200 1600 300 200 100 800 2200 2100 100 High Adams Exereas SStt .. Advance Rumely .... lift 4 Air Reduction ...... 51 H .. AJax llubber tMi .. Alaska Juneau a M.. Ii 7 All-American Cables.. Ill 4 Allied Cnem A Dye... MM 7 Allied Chem ft Dye pfltt 4 Allls-Chalmers 4il, 1 Allls-Chalmers pf HK .. Am Asrle Chem 4J4 .. Am Reet Sugar JS .. Am Besch Magneto.. S7H 4 Am B Shee FUy new.. S .. Am Can 40 14 7 Am Can'pf SS 13 Am Car ft Fdy 14S .. Am Chicle 8V4 .. Am Cotten Oil 21 H .. Am J?rug S-n V4 8 Am Bxprcss 1MV4 .. Am Hide ft Iicather, . 14i . . Am Hlde & Leather pf 67 . 7 Am Ice Sift 6 Am Ice pf 84) .. Am Internat Cerp.... 44 H 1 Am-La France En8".. Vt . . Am Linseed . . . . y. . . 33U .. Am Llnseed pf My 0 Am locemotlvo HOJs 4 Am Radiator 871 .. Am Safety Razor.... 4 .. Am Ship ft Cem 11J4 . . Am Smelt , 46 12 Am Snuff 1S3 8 Am Steel Pdundrles.. 33J4 .. Am Sugar Ref 67 7 Am Sugar Ref pf. ... f .. Am Sumatra 21 . . Am Sumatra Teb pf , . 85 0 Am Tel ft Tel 13 Am Tobacco 13H 0 Am Tobacco pf new. . 101 12 Am Tobacco B 136 fi .. Am Waterworks..... 1 7 Am WMerwks 7 pf. 75 7 Am Woolen t 84 7 Am Woolen pf 105 7 Am Wholesale 7 pf. SO .. Am Writing Paper pf 23U .. Am Zlne Lead & Smlt 13H . . Anaconda copper .... 48?4 .. Art Metal Const 18 (J Asse Dry Goods 1st pf 77 4 Asse Dry Goods 54ft 7 Asse Dry Goods 2d pf 77 6 Atcli Tep ft Santa Pe. 07 M C Atcli Tep ft S P pf . . . . 83 .. Atlanta Blr & Atlantic l',i 7 Atlantic Coast Line. . . 2 . . Atlas Tack Cerp 14 .. Atl Gulf & V I S S.. 30?i . . Atl Gulf & W I S S pf IS 7 Atl Refining pt 116 .. Austin Nicholas .... 17 V 7 Baldwin Locomotive. .lOOK 7 Bnldwln Loce pf 107J$ .. Baltimore & Ohie.... 36 H 4 Baltimore ft Ohie pf. 84 . . Bamett Leather .... 48 n Bethlehem Steel SI 5 Bethlehem Steel B.... 64 8 Bethlehem Steel 8 pfl07J . . Beeth Fisheries 6 8 Brooklyn Edisen 163 . . Brklvn Rapid Transit 11 . . Brklyn R T ctfs of dep 8?J .. Burns Bres B 32 !j 7 Bush Term pf 02 .. Butte CeppT & Zinc. 5i .. Butte & Superior CP. 28!i .. Buttcrlck 3'J-i . . Cadde Central O ft R. 10'1 6 Callfern'a Packing .. 7414 .. California Petroleum. 48J4 .. Cat Zinc ft Lead 5M 10 Canadian Pacific 131 U .. Central Leather 33 .. Central Leather pf. .. . 66i . Cerro-dc-Pnsce 33' 6 Chandler Meters .... 04 Hi 4 Chesapeake & Ohie... 58 .. Chicago & Alten 3!4 . . Chicago & Alten pf . . . 5 . . Chi & E HI (new) . . . "J .. Chi &E111 (new) pf.. 33U .. Chicago & Gt West.. 7H .. Chi ft Gr West pf.... 18V4 .. Chi M'l & St T 2H . . Chi Mil & St P pf . . . . 35 0 Chi & Northwestern.. 68i, 4 Chicago Pneu 'tool. . . . 65U .. Cht R I ft Pac aa'-i 6 Chi R I & Pac 6 pf 77 7 Cht R I ft Pac 7 Pf 8?i 7 C & Mln'St P & O pf 85 . . Chile Copper 16J4 . . Chlne Copper 26 . . Clcv Cln Chi ft St L. . 55 . . Cluett-Peabody 54J5 4 Coca-Cela 45?4 .. Colerado Fuel & Iren. 27 3 Colerado & Southern. 44 Ji 6 Celum Ga3 & Elec. ... 76 J4 .. Cel Graphopheno .... 2J4 . . Cel Graphopheno pt. WW 4 Cemput Tab Recerd.. 66'i .. Consolidated Cigar... 20 .. Consolidated Dls Ins.. ?a 7 Consolidated Gns S3 .. Consolidated Textiles. 131s tettr Nt Lew Clots Chge. S3 MH W 1M- 4 Cern Products Rcr...ier 7 Cern Products Ref pf" 35 4 Crucible Steel 3 7 Crucible Steel pf 82 . Cuban Am Sugar . . .-. 30J1 , Cuban Cane Sugar ... 10 Vi . Cuban Cane Sugar pt 28', . Davisen Chemical .... 00Vi 0 Delaware & Hudsen.. 1114 0 Del Lack & Western. 113 !S 8 Detroit Edisen 1004 1 Deme Mines 24 2 Electric Storage Bat..l42'j . Emersen-BrantlnB ... '4 r, Endlcott-Jehnson .... 80Jj 7 Endlcott-Jehnson pf..W6 . Erie 11 . Erie 1st pf 1,, ,. Erie 2d pf H 8 Famous Players L. . . . 83J4 8 Famous riayers L pf S3 . Federal Mln ft Smelt. 3SJ4 7 Fisher Bedy pf Wl 8 Fisher Bedy of Ohie pi 84 C S. PATTON & CO. SD A CIIFSTVtlT 8T9. BANKERS Hncressore te m SAILER A hTEVKNSON Mb nnd stocks beuirht and sold. Members Plilla. Wtnck Ktrhnnge. 01.422,000 II. (145 000 02 .'100,000 00 208.000 2 018,000 MEMBERS RESKRVn SYSTEM Reserve held 48,733.000 2 407.000 Excess reserve ... 1.430. 000 2.073 000 TRUST COS. NOT MFMUERS HESERVE SffaTEM Rinm held 0 073,000 78.000 Excess reserve ..... 000,000 87.000 1 In addition te tn aepeius aoere there were this week 116 018,000 Government do de do pestts against which no reserve Is required. Decrease. Consolidated 'Change Firm Suspends Nw Yerk. Feb 20 Suspension of Keslsr. tlremer & Ce., stock brokers, was announced from the retrum of the Consolidated Stock Bends for Investment i fl-enlar rnnn Rinear Corrpenrfrnr Oftm in Over CO Cities i , S-niluuripnin lt inrsinui Pt. Atlantic City 121 Un-rilalk ', The National City Company xchanee tejay. An involuntary petition In irwinrrv .iiifvinir ihhi iiib iMiiiiiinnv n n n labilities of J500.000 and only 1150.000 as- bankruptcy, alleging that tne company ha ets, v.aa niea in reuerai ueuri an hour ater. Juasa iearneu jiana nameq Arthur UOIU rWVC ,VVV UUUU. 000 2.S0.C.esden & Ce 4700 800 11000 3700 0000 13300 500 300 000 3100 3400 109 800 100 3000 3600 700 4500 100 100 100 300 3590 200 100 2C0II U.500 7100 100 500 3700 100 1700 1400 2000 300 1400 000 1600 2500 500 tee 1100 400 00 1200 100 1100 7100 600 4100 700 300 3100 4000 27100 400 100 400 7700 4400 200 800 300 Vlak Rubber 13 . . Freeport Texas 13J4 . . Gasten Wms & Wig.. '4 . Ocnernl Anphalt 63? 8 General Electric 153 . . General Meters 8J4 6 Gen Meters pf ?l!a 0 Gen Meters deb 6.. 01 W .. Goedrich B F 38J . . Granby C'onsel M & M 18i 7 Great Northern pf.... 74 i 4 Great North Ore ctfs. 35 H ,. Guantanamo Sugar .. 8W . . Gulf Mobile ft Ner. ... 8 .. Gulf State Steel 74i .. Hablrfihaw El Cable.. 8 ,. Housten Oil 'li .. Hupp Motorcar J 7 Illinois Central 98 ' . . Indlnhema Ref 4 .. Indian Refining .. Interb Cen Cerp 2 .. Interb Cen Cerp Pf... "W 6 Int Harvester new.... 88 7 IntHarvnewpf 106 .. Int Mtr Marine 1 6 Int Mer Marine pf.... 72 M .. internat Motertruck.. 274 .. International Nickel . 124 . . International Paper . . 48 J-i 0 International Paper pf 68 .. Invincible Oil Cerp.. 14ft .. Iren Products 34 .. Island Oil 1J4 ,. Jewel Tea "W ,. Jewel Tea pf. ....... 85ft ,. Jenes Bres Tea 36 ,. Kansas City Southern 34 fi .. Kansas ft Oulf SJ-J 8 Kayser ft Ce 90 .. Kelly-Springfield Tire 31(4 6 Kelly-Spg Tire 0 pf. '7 1W lift M4 is 14 113 SS 10314 44 W H 4W 35 J 4 31 88 3I 984 146 22 W 854 1S4 14J4 , 66H I 80 48 9J4 83 sew 10914 87 W 12 46 132K 31 ssw 4H 34H 85 mi. 116 in M2H 74 75 83JS 10.1 98 23 W ISM 47. 18 77 844 77 97 854 1W 2?4 14 36 4 16 110 17 iesh 107 Ji 36W 84 W 48 59 03 W7J4 6 103 WW 8W 3354 93 5 36 W 30 ?i 1054 74 48 W 554 13054 374 6654 33 03. 88 24 4 15l4 33 7 17 20W 34 H 8714 ssw 374 77 VJ 894 85 W H 254 55 54 45 37 4154 75 I 94 65H l?s 5 254 12 W 103 114 3455 60?. 81 19 55 1054 364 5814 1115-2 112 we w 3354 139 5 54 70H 100 lei; !; ii W 8i j; 93 39H 101 83 1354 m 54 iy, 15054 85i 70?4 69 Yt 37 17 54 7554 35 'J4 8 76 H54 972 4 sj; v,; 85 108 144 71 a; 27 V 13 47!; li 134 33 J4 1H 17 55 35 2454 99 H H W "w w 54 uWl w 113 48H V W1V4- 54 4W- W 99H- 14 UJi W s 874 3 SI 1 894 W II 148 -f 84 2254 454 issw 144 07 SW J4 88 44 1W 54 .. . 33 - W ssw- IK ie .. 87 W- 2 J4 4 12 W W 46 132W 88 11154 in Wl 13SH 3 Va Dlr. pate In I 2 W H 4 iJ- 14 8 71- 78 834 105 0 23W 13H 77 844 77 -97 854 1W 2 14 26?; IS 116 17 1054 10754 36 54 84 W -45 -SB 8H 1074 e 103 - wi- 834- 32Ka 92 8W- 26 W 33 WW 74 4814 SH 1305J 3254- 66 3354 64 88VJ 2 5 18H 31W- n; M 20 w 34H 674 esw- 3 Wf "54 894 85 1654- 284 81 8451 45 27 444 75 j; - 2 16 W 66 54 W 19H- 18 .. 93 55 124 r a 103 114 - 34h-60-81 - 205; 1054 27H 1H 605; 254 lit4 H 112 54 1654- W 24 143 SJS-r 79H 106 w4 18 -f 11 8154 93 - 39 1J4 101 t , 841 1254 13?; V 1 W Mi "w W A '"w 54 94 54 W w w w 54 W 54 aw Vt 54 W 54 1W ":K W w w u High S Kelly-Spg Tire 8n pf . 87 . Kelsey, Wheel 71 . Kennecett Copper.... 7W .. Keystone T ft R 17 W Kresge S B,....' ltW . Lackawanna Stel .. 48H a ! nnhhp Tien Mil ' SMI 8.60 Lehigh Valley 114 ! is Liggett ft Myers iss 7 Lima Loce pf 1M .. Leewe Ce 144 1 Ixjft Candy 11 . . Loese-Wiles Biscuit . . 41 13 Lertllard Tobacco.... 114 7 -Louisville A NashvlllelllH ,:. Mclntyre P Mine ' 3J4 .. Manatl Sugar 49 H 7 Manhattan V.Uv sniar 46 U w i..e .-viannnt anirt ,449 . . Market St Rwy 8 1260 , . Market St Rwv or rjf 474 .. Martin Parry 38W .. Math Alkali 81 8 May Dept Stores 17 7 May Dept Steren pf. .161 13 Mexican Petreleum ..12SH 3 Miami Copper 2194 3M til 1499 7891 311 5M 91 111 1408 391 811 Ml 291 1301 2591 4N 1390 190 898 199 21690 ,101 LOW 8 , 78 1W 188 W 48 84081.20 Middle State Cerp... 1SH .. auavaie steel asft . . Minn ft St Leuis .... 8 7 Minn St P ft S St Me. 67 W . . Me Kansas A Texas. 8W .me Kan ft Tex (wl).. ii 1198 291 298 3698 16191 78M 3691 091 190 7991 1390 690 191 1891 32491 391 190 1600 190 4890 400 .. Me Kan ft Tex (wl) pf 334 .. Missouri Pacific II H .. Mo-Paclfle pf SIJ4 ,1 Mentana Power .... 87 .. Montgomery Ward ... 144 7 National Biscuit ....188 .. Nat Clenk 4 Suit .... 36 4 7 Nat Cleak A Suit pf . . 76 .. National Cen A Cable 2W 5 Nat Enam ft St .... 4054 6 National Lead 8J4 .. Nev Cen Copper 1H 6 N O "Tex ft Mex .... 04 . . NY Air Brake 8954 a New Yerk Central ... 77 ?4 i) new ierK (J ft St Ii.. 64 Wee 2.60 New Yerk Deck it 54 its 54 1W 400 1890 200 300 400 8390 00 2000 100 100 390 206 300 300 160 SOS I860 1300 8300 1600 200 1000 800 609 10800 1100 500 300 .3209 700 300 1100 1600 209 460 100 100 700 2300 1100 200 300 3.41 Rand 600 6200 33 86 18 21?; 81 199 W 190 100 800 800 100 200 100 0 New Yerk Deck pf . . ...New Yerk N II ft H. S New Yerk Ont A W. ..NY State Rwy pf . . .7 Norfolk ft Western . . 8 North American ctfs. . 58 W a n American pf ctfs.. 43 7 Northern Pacific .... 80 . . Ohtt Bedy A Blewer . 13; . . Okfa Pred ft Kef ... . 3K .. Orpheum Circuit .... 16 W 8 Otis Elevater 137 .. Otis Steel 1094 S Owens Bottling 2854 . . Pacific Devel Cerp. ... 74 S Pacific Gas ft Elcc .. 66 54 .. Pacific Mall IS?; 3 Pacific Oil 4754 0 Pan-Amer Petrel .... 88J4 0 Pan-Amer Petrel B... SO .. Panhandle 8W 2 Pennsylvania II R. ... 34?; .. Penn Seaboard Steel.. 8W 0 Peeples' Gas Chicago.. 7654 . . Pere Marquette 23J4 5 Tere Mnrquctte pf . . . 89 3 Philadelphia Ce 3411 Phillips-Jenes 954 3354 15 H erce-Arrew Met nf . . 31 . Pierce Oil 854 8 Plcrce Oil pf 48 S Pitts Ceal 60 . Pitts & West Va.... 2455 . Pressed Steel Car .... 64W . Producers Jseflncre. . 2654 8 Pullman 1754 . Punta Alegre Sugar.. 39W 2 Pure Oil 34 Pure Oil 8 WO id Mines 21 . lta: Cen Copper .... 14 4 Reading ..T. 759, 2 Reading 1st pf 40 '4 2 Reading 2d pf 8654 . Remington Typewriter 31 . Republic Iren & Steel S3 7 Repub Iren A Steel pf 82 W .00 Phillips Pet . . Flarce-Arrew Moter. . . Pierce-. Rcplegle Steel Republic Meters 7600 5.20 Royal Dutch N Y 31 8 82 W 23W 1354 284 HIT r 63 153 J4 8?i 7154- 6954- 384-;. 184 "54 . 854 W 73 W 2- 76 - 15 -i- 98 J4- 4 8?;- 2J4- v- 87J4 loe a; -f. 1SH 73H 374 12 -48 54 88?; 86 Jl SS - 25 W 614 89-7 ?H 14 ii -f- 2j; 1! H ?4 'w 4 54 54 Kg 9i H V, W 54 J4 94 8 "94 w 154 ill 200 .... Rutland nf 100 1 St Jeseph Lead... 18200 .. st Leuis San Fran 900 .. St Leuis San Fran nf 40 4800 . . St Leuis & S W It II. 2794 3200 .. St Leuis Southwest pf 4054 600 .. Saxen Moter 2 WOO .. Seaboard Air Line .. 4W 100 .. Seaboard Air Line pi 794 7200 .. Sears-Roebuck 644 37400 . . Seneca Cep Cerp .... 13 100 .74 S'hell Transport .... 40 4700 .. Sinclair Oil 1914 200 .. Sloss-Sheffield 40 5500 e Southern Paclfla 844 13100 .. Southern Rail 194 800 .. Southern Rail pf .... 5254 800 4 Standard Oil of Cal.. 964 400 7 Stand Oil of N J pfll554 1100 2 Stewart Warner Speed 34 900 .. Stremtierg carb 40, j 27200 7 Studebakcr 06t; 300 .. Submarine Beat Cerp 4W 3300 . . Superior Oil Cerp ... 554 100 .. Temter Cern & V "A" 24 200 . . Tenn Cep & Chem .... 1094 5600 3 Texas Ce 45j 8280 . . TexaB & Pacific , 3154 708 1 Tex & Pac C & O .... 25?; 4500 2.50 Tex Gulf Sul 454 1100 .. Third Ave 2354 400 8 Tidewater Oil 1314 2800 0 Tobacco Products .... 6354 100 . . Tel St L & West ctfs B 24 000 .... Tel St L & W pf B. . 344 3003 . . Transcen Oil 84 100 3 Twin City K T 87 2100 .. Union Oil WW 1400 10 Union Paclfla 13194 200 4 Union Pacific pf 78?; 300 7 Union Tank Car pf . . . 193 100 .. United Alley Steel ,. 26?4 100 7 Unit Cigar Stores ptll0'a 300 .. United Drug 07 300 3. SO United Drug 1st pf . . . 43 3100 8 United Fruit 14S . United Ilwy Invest pf 28 a United Retail Stores. 51U . U S C I P & Fdy 25?; 0 U S C I P & Fdy pf . . 01 . U S Feed Products.. 454 . U S Ind Alcohol .... 4594 ,. U S Realty & Imp.... 61?; ,. U S Rubber '56 S U S Rubber 1st pf . . . . 99 W .US Smelt & Ref.... 3S94 0 U S Steel 9254 7 U S Steel pf 116J4 10S 0100 1100 100 1300 4100 700 8300 660 400 31800 1900 790 190 8990 300 200 100 600 300 4S00 308 800 6400 100 100 100 11300 390 100 390 1600 2800 300 190 100 309 100 800 190 6i? 18 3894 3154 50 694 794 79. 225; 854 t Qottheld Feb. 20. An lneluntary pet! 1 ir t Han aneff against b. U. ulewen, A Ce . leic, vt Yerk. Ien in bankruptcy flBl, 'nlted Statea Central National Bank ', of Philadelphia Chestnut Street at Fifth EwnWfttMM If iJst'U, fSJSslli. UUmJVMUru I W fee, iS- tfel HER.R0CKEY&C0. Public Accountant tMsktbatts PUUUUbs has been ftleri In thn trici L,uuri ny nannan sal n.inwnm corDerauou, 0. wan street, en aged In buying and selling sugar. The Millien states that the firm ewes her 10400 un a trade acceptance dated October. 1021. Petitioner alleges nrm'g assets are approxl apprexl mately 1100,000 and liabilities In excess of mu.oeo. New Yerk. Teb. 20. An Involuntary pe pe tlllen In bankruptcy waa filed In, Federal Court today against Trank Oppenhelmer and Edward L- IVebst Individually and as co partners, doing a brokerage businss under ui r . the name Oppenhelmer & Cu. BANK CLEARINGS Dank clisarlnge today compared with corn cern cern .pending day I..J two ,r., Fhlla. ,.958,000.000 02,581, 0S7 Holiday llosten., ea.iMJU.uue (ii,o.e( iieuuay n,ngu,uuu o,nv,B2e noiiesy V t Vast ! li2.ZL?'" Total sales 812.000 shares, compared with 323,000 shares Baturdar. 3 Utah Copper , . Utah Sec . . Vanadium Cerp .. Va-Car Chemical... 0 Va Iren Ceal A Coke. .. Vlr I C &. 0 pt ct ,. Vhaudeu Inn . . Wabash ..........'., ,, Wabash pf A .. Western Maryland... .. West Maryland 2d pf 18?4 . . Western Paclfla 0 Western Pacific pf.. S2?i 7 WeBtern Union Tel .. 13 7 Westlngheuse A Brake 98 4 Westlngheuse B A M, 8094 .. Wheellnc ft L"13.... 7H .. Wheeling & L E pf. . 14 4 Wlilte Moter 384 .. Whlte Oil Cerp OH .. Wtllys-Ovarland .... 44 .. Wllla.Octland pf... 2SW ,. Wilsen A Ce 384 7 Wilsen & Ce pf 78 ,. Wisconsin Central.... 37 8 Woolworth F W ....141 4 Worthlngten Pump... 46?; .25 Wright Aero 794 Cx-dlvldend. 113 199 SB 41 1S9W IIS 4894 48 38 8 47 37 W 31 W8W 191 mw 2694 13 31 84 66?; 2?; WW 3694 1894 4494 67 WW issw 34 W 76 2 3354 8154 W94 62 69 W 7S94 63J4 0 844 17 W 2154 61 10JW 4194 79W 129; 29i is?; 136?; WW 274 7W 68?; 14 46W 4 ?; 41 W 8W 3494 74 76 23 87H 34 . 98 33 J4 15 31 74 474 894 24 8454 26W 1694 38 W 3894 100 2094 134 7494 46 W sew 3054 82 W 83W 3054 5 8154 2354 WW 24?; 44 2554 36 ; 1?4 4 794 esj; W4 40 W 40 84 19 fit?; 6W us;; 3354 3954 9494 454 8 25i lei; 4554 se?; 25 W 44 21W 130 634 24 34 9j; 37 18?4 lit 73W 1614 26?4 new 86 !4 4154 138 26 8394 28 W 61 34 44 W 61W 84 54 99 W 33W 904 new 6194 1894 334 31 50 694 754 7W 31 8s 1694 16 3394 93 98 544 7W 14 38?; 9!4 494 28 384 78 27 141 46W 794 Terler's Net Clese Chge, 7 .1 79 .1 374- y 164 1W 133 W W 48 W M 28 W W 664- ,M 158 4?4 Wl 14 1194- W 41 1W 1S1W 1W 118 j; 3K ... 491 48 - 1 85 - 84 47W- 4 37W- W 31 187 W 196 18394 3W 28H W 19V4 39 -9 SS94 3W 11 3l 1 19 W 9W 1 671 14 184 - ? 36 W IK 76 394 3 W 3IW- Hi 89 W- 4 WH W 34 Us 88t. W 77W 64 33 66 174 31H 61 wew .. 884 1W 2 W 79H 94 1294 .. 294- W is?;- w 137 1 low- W 37W- W 7W 47 SSW 49 W- 8W 34?4 8 58 W 34 08 -33 W 7W 47H W 644 26 W WW- 3954 1W 334 94 100 21 14 744 46 W se 54 31 S3 8354 3054- 8 7? li .." ?Mm 1. sii ." . 1 .j ' "4:'-!i . v- .-i : mmrAimynm V tj. ' I NEW YORK STOCK EXCHANGE TRANSACTIONS HIGHER PRICES IN THE LOCAL MARKET U. C. I. Broke Inte NewHigh ' Ground for the Year en Active Trading I ' ' " . " ' '. . 1 ' ""'.'l'-l,.1" 1 1'81... Nl W w 2W "w 94 1W w w w ?4 Va ' Although the volnme of trading fell off considerably the local market re tained n tone of strength and most of the mere prominent local shares scored advances ranging from substantial frac tions te 2 points. U, O. I. was about the most prominent of the local group making n new high for the year nt 41. Electric Storage Battery also came in for attention, advancing 2 points, but the real market was in New Yerk. The stock was ene of the leaders of the big l.nnrrl nr nrlfM mltnff above the lOCftl quotation. Lehigh Navigation at the, same time held the same strong position m.Mni. n new Inn nf 79. The further ndrance In Cramps te 43'd apparently was in sympathy also with the breeder market for the ship ping shares en the big beard. There was quiet. 'absorption of Philadelphia Itnpld Transit between 23'S and 234. Union Traction continued te come out In small lets nt 35. The American Stores shores were stronger nnd higher, indicating the completion of the realiz ing movement. Dealings were light in the Philadelphia Electric ssues, but were all well sustancd. The recent ndvance In the American Railways Company Issues found par tial explanation In the annual report published today. This showed operat ing revenues for Inst ycer 01 ?ipi 8L1,888; operating expenses Including depreciation reserves $13,203,818 nnd a net revenue of $0,1536,070. After nil ehnrges thcre was a balance income of .$1,000,(507. The inceme account alone showed interest, taxes, administration expenses, etc.. $1,400,410, leaving $54(1,082 balance of net income for the "In his report, Van Hern Ely, the president, says: "Despite the adverse industrial conditions existing during the year 1021, the gross earnings of your bubsldlnry companies hac equaled these of the preceding year. "Your officers accomplished ninny economies in the operation of the prop erties which became manifest particu larly In the latter part' of the year and resulted in n net Income of $504,082, nn increase of $89,220, or 10 per cent greater thnn for the preceding year, which is most Gratifying. "The rates for electric light nnd power, gas nnd street railway hcrvicc furnished by the operating companies hnve been maintained and in some cases Increased during the year, as tucse mrpa nr new based tinen agreements with Public Service Commissions and ether regulatory bodies with the view of producing reasonable return upon the agreed valuations Of the physical prop erties of the operating companies, lt ih believed by your oreccrs tne present rntpa mn lm maintained nnd in f-eine enbes increased until the rate of return allowed by the coramlbieners has been . . .1 reaencu. W S1W 114 23W- W 13 W- 94 251 48W 194 2694 14 40 1!4 1 - Va 454 794 ti454 ww 40 - 8494 w!; 83 9654 n5; -i W 3S54 W 40 w ?; 96; 155 A V w w l?( 94 54 1 94 4 1!4 44- 5 - 2W 304 2854- 4494 215;- 1314 6394-r 21 -1 34?4 9W 37 18W- 13154 7354 103 26; 11094 67 43 144 28 -f-64 -r 44 4554 61W w 94 Va 94 94 1W "94 W 54 54 24 W w w 39; ?; 14 654 54 U H ; 94 ?4 Va Philadelphia Stocks Net High 7w Clese chge. 240 Am Stores 0.r4 4!i WtyJL 80 de 1st pf.lST im KU',jt-?j 20 58 20 1 u. 40 Am Gas.. 50 10 Am Uvs nf 29 041innkNA war w 1. 02 02Va 55tB & O.. 30 30 fjn4-ri,i rt t P 7 pc pf 80 80 802 SOtChlle Cep. 10 10 10 V 02 Va.. ' 30?4 20fCnb C Sg Hl'Js iu')k "T.,"J 335 Elcc Ster.142 140 142 2 200tlsl Oil... 1 1 19s Vi r. T.nl, N'nv. 72 71 VI -r-l)k 01 20T& 33i 7e 8184 OOi 37 24 27-h 27 Vi 23ij Ws 25 301j 12J4 05?i 35 40 52 ll :;i 13 ;6 im 01 ) 20T4 A 83v'i h 75 1 34 14 09.. 37 Vi 21?2.. 28 Vi 27 Vs 23vti M 20-2 25 1 39l 12i 1 . 1' 884 15; 89 W 54 38 W- W 8194 94 new- 94 6194- H 1394 .. 34W W 31W- 2J4 80 094- W 7H .. 7)4 .. 22 14 8W W is?; .. 1054 ; S39 94 V w 98 3 8394 1 7 54 W 14 t 4 38?; j; 994 .. H- 94 25 .. 884 1 78 3 37 - 154 149 - 14 4094- W m- 54 13S 20Lch Vnl... l lOtMldvalc.. 20 300fNat Enam 33ai 5 Ner Cent 75 190 Pa It It.- 34 20 Pennn Salt OOJi 122 Phllii Ce cum pref 37Vi 100 Philn Elcc 24a 375 de pref.. 28 313 de war f p 27 1710 P H T. . . 23 300t8t h & a w . . . 20 10tStL&SF 25 lOOfStL&Swn pref .... 30 SOOfSenecnCep 12 Vt 120tStudebakr i 122 Un Trnc. 35 11(15 U G 1 . 4Hi 008 de pref . 52 10 U S Steel 01 10 W J & S 31 132 W Cramp - & Sens. 43 100 Yerk Rwy li 100 dn.nref . 33 tNet cnange maae ey comparison wim iasi sale en New Yerk Stock Kxchange. Total sales. 8410 shares, compared with S051 shares Saturday. rlllUtDKI.l'HIA IIO.NUS 5000 Liberty. 2d 4J,4s '42 '100 Liberty 2d 4is '12 500 Liberty 3,1 44n '28 5000 Liberty lth 4,s '38.... . 1400 Liberty 4th 4iks '3S.... 800 Liberty 4th 4,M 'lis 0000 Liberty 4th 4Vis "M 1000 Amcr Gns & Electric 5s. 5000 Amer Sugar fls 1037 1000 City Rie de Janeiro 8s.. 2000 Electric & Pen 4s... lets 3000 Interstate Itnilwajs 4s.. 1000 Lake Superior lnc 5s. . . . 2000 Lehigh Isnv cons 4s... 2000 Phlla Electric 1st 5s 5000 Phlla Electric 1st 5s.. lets 3000 Phlla Electric 1st 5s.. lets 9000 Phlla Electric 1st Cs..lets 4000 Phlla Electric (Is 1000 Phlla Electric 0s 101 Total, JG7,S00, compared Itls 811,600 Sat 1 rd& . 00 4l7i 52 .. 91 31 --l-r, 43 .. lain- Vt M 00.70 90.08 97.58 07.18 07.20 97.28 97.20 81 97 100 35 91 95 01 0414 94 JWl-ri the Denver & Rie Railroad, Te the Helders of First and Reftarrdbg 5 Bends) Te the Helders of Certiacates of Deposit isstted'by Bankers Trust Company representkig ch First and Refunding 5 Bend6t ' The Plan for Reorganization of The Denver find Rie Grande Railroad Company dated January , iy, was -vas u statei) nroeosed te the se-called Hammend Committee by'the Western Pacific Railroad Corporation. Vigorous efforts are being H inaae te terce tnis nan en xnc uenver . 1"""'ucrH ueiere March 1, 1922. ANY DEPOSITOR WITH THE HAMMOND COM MITTEE WHO DOES NOT FILE NOTICE OF DISSENT PROMPTLY IS BOUND TO THAT PLAN. The undersigned Committee strongly opposes forcing through i nnv nlan and in n-irtlriilar thi nlan an franklv nrennsed in t,k interest of Western Pacific, without proper opportunity for investigation of its fairness or for ascertaining whether better f The Western Pacific offers te buy the February 1, 1922, coupon, but only, fr6m these bondholders WHO NOW IRREVOCABLY CONSENT te the Western Pacific Plan, and thereby lese any chance te withdraw their bends from the Hammend Committee and get better terms in the future. By .this small expenditure per bend the Western Pacific hopes te secure complete control of the bends. ,. The Hammend Committee, in a public advertisement, has also stated that if the Western Pacific Plan be net accepted by March 1 next the Plan may be withdrawn. Neither method of forcing the Plan through should succeed. The offer te buy the coupon is. net attractive enough and the withdrawal of the Western Pacific Plan would clear the way, for a reorganization solely in the interest of the Refunding Bends. f The Hammend Committee has been in existence five years, nnd during that time has been acting with the Western Pacific. On February 1 last the Western Pacific permitted default in the interest en the Refunding Bends. They have chosen the moment te make this default, (and the time of default is entirely a matter of their cheesing), when the Denver property has as yet net fully recovered from the serious Colerado .flood damage of 1921 and when general railroad earnings arc at the lowest point, in their endeavor te force the bondholders into accepting this Plan by which the bondholders turn one-half of their holdings into preferred stock and prmit a new mortgage ahead of the bends. Fer that concession the bondholders axe offered no guarantee of any kind, the only consideration te be given by Western Pacific being a payment te the Denver Company of . certain moneys and property ever a series of years. Of such payments it is te be noted that $2,925,000 is'te be paid te the Denver property only if the Courts decide that the money does net belong te the Denver property anyway, and $1,000,000 is te be paid in the shape of an equity in a realty company, and certain of the ether payments arc conditional. And it is te be further noted that the Plan proposes no limi tation te the amount of money which the Western Pacific may, as holder of new common stock, in case the Plan succeeds, draw out of the Denver Company. If the earnings of the Denver in the future increase at the rate they have increased for, the past two decades the Western Pacific will in a compara tively few years recoup all the money which it new offers te the Denver. Such a Plan might be justified if the Denver property, in spite of its splendid record of earnings for the past twenty years, had suddenly lest its future earning power and its strategic value and if in addition Western Pacific were the only logical possessor of the property. The undersigned Committee is con vinced that such is net the case and that the Western Pacific Plan cannot be forced through. The undersigned Committee is an independent Committee organized after the publication of the Western Pacific Plan. It has reasons for its belief that terms better 'than the proposed Western Pacific Plan can be obtained. The Committee is in no way bound te any railroad and has declined te approve any offer or te commit itself te any negotiations until the Committee lias had time te satisfy itself as te the value of the property and as te what terms are fair and wise. The undersigned Committee advises that holders of CERT1FI. CATES OF DEPOSIT OF BANKERS. TRUST COMPANY (the Depositary of the Hammend Committee)' should at once and in any event before February 27, 1922, either """ " (1) deposit their Certificates of Deposit (Issued by Bankers Trust Company) with The Farmers' Lean and Trust Company, Depositary for the undersigned Cem. mlttee, or any of its Sub-Depositaries. In that case the undersigned Committee will dissent en behalf of such deposits from the Western Pacific Plan, or (2) in the event they are unwilling at this time te deposit with the undersigned Committee, file at once with the Bankers Trust Company notice of dissent from the Western Pacific Plan. The undersigned Committee urges all holders of FIRST AND REFUNDING BONDS te deposit their bends promptly with The Farmers' Lean and Trust Company, Depositary, or any of its Sub-Depositaries, and the Committee new eatends the time limit for such deposit until Aprif 1, 1922. February 18, 1922. r. A. DEWEY. Secretary, 22 William Street. New Yerk City. JAMES H. PERKINS, Chairman, R. WALli-R LEIGH, J. H. McCLEMENT, JOHN G. LONSDALE, (St. Leuis) WI1X1S U. WOOD, ' Committee. THE FARMERS' LOAN AND TRUST COMPANY 22 William Street, New Yerk City Depeaitary Sub-Dcpesltarlcj; ' Merchants Lean A Trust Ce., Chicago, 111. The National Bank of Commerce in St. Leuie, St. Leuis, Me. Bankere Trust Company, Denver, Cole. Hepe 4c Ce., Amsterdam. Helland The Farmers' Lean and Trust Company, Ltd, 18 Cockspur Street, Londen MONEY-LENDING RATE8 NEW YORK Call money strengs high, 6; low IS ruling rate. tl cleslns bid, 0VS i ot et tered nt ; last lean, 0 per cent. Tlme money, which showed a little easier tone at ilw enJ.et last week, was Arm and was nueted at 4 te 6 per cent. Only small offerings were madj at the cveted rate, and Nery little actual uiisliwss waa transacted. LiJii... xnndltlens prevailed In the com- mirriiil paper market, and. although some BUTTER, EQG8 AND CHEESE New Yerk. Feb, 20. BUTTEn Unsettled, necclpte, 780R mbs. Creamery, higher than extras, S888Hci creamery, extras, UJ " aT'' creamery, ttrsts. 88 te 01 score, ,.3S'?2Sl packing stick, current make, Ne. 3, E0O3 Weak. IUeslpts, 18,008 eases. !??! gawerea, extra firsts, .loes Ce. nrsts esn an 3W86ci State, nearby and nearby Western K k i, iMr mV have T been taken at ; 4t 'f'nnery whites, nrsts te extras. auSJ4Bc de. hlgh-clas. ff,rJ"y.n"eetnn";J V 1 rennery brew eitias. 8C0 4MOOS mate and per cent tne gtsirrai lmu " T1F.rby -..hrea hrawm and mixed colors. cent. rimJUJICLrillA Call. 8 per cent! time, B per cent; commercial paper, three te six months, eKOnfr per cent. H. E. Ancker Withdraws Candidacy r-n- n Anrirer hsji announced his with drawal as a candidate ter chairman of the Philadelphia Stock Kxchange at the annual election te be held en Monday. March 6. This uvea BSffwi . -rr .r .-r".-"r "rr"rr ttXi;1 JMli'tte flrsti te extra, 840880 refrigerator, eeo eee eeo ends. 28 a 80c. CHC1SH13 Firm, neeelpts. 8009 boxes. Mate, whole-milk, flat) fresh, specials, 20 V, 021c; de, average run, 2Uei State, whole milk, fresh, twins, epsclals, 204.20tte; de, erag run, lOVie, BAR SILVER Demestic bar silver was unchanged In New Yerk today at OUfic per Ana, ounce) foreign, OlTse. an advance of He. .la Zswaea teei erfesrVM lia alsUjetr SSBsSV ' - DIVIDEND8 DECLARED Atlantic and racWe Tea Company, Quar terly 25e en common, pajaMe March IB, and 1 per ceirt en preferred, payable March 1, . I'cnnek Oil, four dividends at rate of 1 per cent quarterly, 110 pars payable March 81. June 80, September 80 ami I?ec"mber SO. te stock of record March IB. June IB September IB and liecember IB. "' Seuth Penn Oil Company li.BO, payable March 61 te stock of record March 14, New Financing by Western Pacific Wilmington. Del,, Feb. 0, At a apeclal meeting of the stockholders of the Western 1'acltle Itallread Corporation here today u proposal waa unanimously approved. It was anneunend, for thn Issuing of first mortgage FOREIGN EXCHANGE A New Yerk, lob. 20. Tlie opening foreign exchange innrket tliln morning showed nn exceptionally htreng tone, particularly In be fur as the lenders were concerned. Marks were lower, 'the violent fluctuations in francs, llre nnd sterling this mernrng urn ascribed te heavy buying for European account. In the early afternoon the market wns Irregular, lire nnd guilders ad vancing te n new nigh en this move meve nicnt and sterling maintaining its pesi tien. BcermiB raiiin were .eui. de mand 4.38: tranc cables 0,15, checks u.it, tire cnuiea ..u.i, checks 5.04y3; peseta cables 15.04, checks 15.02; guilder cables 88.03, checks 88 j marks, .443. The rate of premium In Montreal to day en New Yerk funds wns l per cent. The rote of discount in New Yerk en Canadian funds uf, :ttv per cent. Central European exchanges were: Hungarian, .14.); Greek, 4.51); Aus trian, .0'J8; liulgnrlnn, 1.70; Itu manlan, .SW; Czecho-rilevnkinn, 1.885; Polish, .020; Finnish, li.04 ; jUB0. Blavlan, .325; Serbian, 1.80. bends f tlw Western I'aclfle Railroad Cpnri' iiMir lur iiiv vurvue vl uuuiuenai 11 the Bucremenie iMermern uojiread the Sacramento Northern Ite.Hr nes of impa: Demand caeie TODAY'S OPENINO QUOTATION'S 4 SHU fi'l" yrneOU"(,"-S 4O0S U.2t S.00 37:90 Demand Cables . CImNCl QUOTATIONS ater ling I 'rami Urn Guilders ? ".. u.in-j nM' nTni " ilT.UU 4.3'JH 11.10 Buffalo, N. Y 1'eb. 20 The ,lg. count rate en the ('mindiuii dellur was quoted tedaj bj leinl l:11U nt '.'.. wr cent, the low mark of rli i,w.!,, Borement.-Twe per cent la ,the jerniul Are Your Bends Callable? IT will pay you te investigate every issue you own. If it is inconvenient for you te go te your vault, call us en the telephone. This Booklet will tell you why you should knew. I B Ii I Paid "0l.s. then the llnnfl tea?! atl09 FREE COPY SENT ON REQUEST McClure, Smith & Ce. INCOXreDATCO INVESTMENT SECURITIES ALLlNTOWN ' ALTOONA WIJ-LIAMSPORT Direct private wire te Pettbr 6? Company, Jew fork MEMBERS OP THE NEW YORK STOCK EXCHANGE; SUNBURY WARREN Pr?j3rWT. ' " .- "$ t!$ mmm r?.t m :J J 1 ' "I. .kfTaZ . fat , ' Wmw$$??T$ m&A .&; fcyMy- liiiiWl .Jr.t fjftW . 'y " . ,- Jl . i t StV.fr'JjX
Significant historical Pennsylvania newspapers