PIS mmmmmmmmmmmmmmmrnmsmmmmm ft, "te !,&( nrr. .v.wi i'i VJra.CFvV'Wfl 'm, ?&? . ' h' t-T T, Itt ft It It i 1. fc iy pju Hs .... ft. f- Ki im&. fl? .1 Y:w.iP 'PJX.m t-$m x Should Every Property-Owner Man or Weman Make a Will? This question, with ethers, is answered in a booklet, "The Trust Company and The Individual," which will be sent en request. Fidelity 325 Chestnut Street 143 1 Chestnut Street 6324 Woodland Avenue, West Philadelphia Capital $5,200,000 Siirptut $16,000,000 Funds held in trust mere than $260,000,000 ANOTHER DAY OF HEAVY TRADING Oil Shares Break Sharply After the Opening Bulge Market Very Feverish 1 NEW YORK STOCK EXCHANGE TRANSACTIONS" . New Yerk, Aprit 17. There wnn an other tri'iucmleuri volume of Irndlns In today 'h stock mnrket with the nalcs for the first two hour nlnne nsaresntlnc npprexitiiatcly 1.000,000 nliaren nnd the turnover for the full session siirOmwd nil records In point of activity for lit least two yenrs. l'rlcc movement, nfter the opening bulge, became very fcverlMi and erratic, and at different Intcrva's tlie list appeared te be en the brink of of n material one, indications of which were te be found in the sharp declines In 11 number of favorite speculative stocks, especially the oils. The prompt snuuiiK 01 activity te uuierent creups riive a powerful backlog, which en theve occasions served te divert the rc utienaty current. Over the week-end developments failed te supply anything In the way of novelty, but there evidently was nn cipially lare accumulation of ImyliiK orders ecr Sunday, as occurred ever the (Sued l'rlday holiday. The execu tion of this mighty wave of buying or ders, which came from evety ipiarter, ;rr j- , iiiiiuikpii a wcsii ouieui"i et s)iecuiauve I iRI TST 1 (TDTVIPAIVV I enthusiasm that has net been equaled IVU Ol VjJjyirMSX ,Miicv the excltlns war bride markets. il'ttrtlier momentum was given te the 1 upward whirl by free offerings of call ! money, which dropped from 4 te IP-.. . per cent. I The oils continued te overshadow the I INt In the early trading, with Sinclair I nualn the feature of that group. The i news of the Government contract for ! the development of the Tea 1'et Deme lield was an Incentive for urgent ac cumulation through commission houses, The stock opened with sales of 10,000 shares at .H., and .14. selling a point apart In different sections of the crowd of brokers at the same time and made ti further advance te .'14. which rep resented a rNe of 10 points from the low of last week. Other oils which bet- I1I2I1 figures were ew Jersey, Texas J Company. Middle States Oil, Cosden. . Invincible and White. I The oil group In turn were super seded te a considerable extent by the I coppers and the lower-price rails. ( (inhis of 1 tn almost - points were i made by Anaconda. Chine. Kennecett laud I'tah. while Canadian I'licilic. St. Paul and Chesapeake and Ohie led the 1 rails. Tin- shippings also strengthened, but in the meantime there was evidence of liberal distribution of some of the prcvieiH speculative favorites. The t trading, however, was -e nicely bal anced that realizing sale were for a long time without effect . Toward the end of the second, hew cut, the profit taking extended te the oils and a flood of Sinclair Mm!; was suddenly thrown upon the market causing that specu lative football te break sharply from JM's te under ill. This was a ndgnal , for heavy seliiii;: in all the active I speculative favorites and the market jstaggeied under the increasing weight of the sales and at midday declines 1 from 1 te 4 points were common all through the list, making the first real setback the piolengcd adance move ment lias had. mm PUCES f Spruce 8200 United States Treasury Certificates SECURITIES DEPARTMENT COMMERCIAL TRUST COMPANY Strmbr Frdfrnl Rraerrit Hmtfm City Hall Square West 1 "' -' I tcred their previous Standard Oil of Ne ( " iw lrTTH(nc)IKmf ! Im1 Commodity Markets We Own and Offer Metropolitan Edisen 6s, 1952 9834 Tax (tempt In l'rnna. n WlDtNCR Biea., Philadelphia Aftmien PhtlatttfehtJ an J AVtv Vtvi itr Lutaxgrt VOM ilizaictm. N. J. MIMIM IMPORTANT ! All creditors of Charles A. Stoneham & Ce. and E. D. Dier & Ce. please communicate with the CREDIT ORS' PROTECTIVE COMMITTEE, Roem 3203, Woolworth Building, New Yerk City. Jehn Wichert, Chairman Margaret H. Bedell, Secretary Daniel W. Blumenthal O. P. Carpenter ' Of Counsel GRAIN MARKET Chicago, April 17. There was a very nervous opening in the wheat market, and after startlns he lower te lc high er, prices moved very rapidly and fever ishly within a range of lc te IV. The May position ran up 21je from the previous close en further covering, but met a geed deal of opposition, while the new crop months followed. The vol ume, of business wan very large, and as price movement depended largely en jilt conditions, little attention was given te the news, and sentlincut was very much mixed. The coarse grains were firmer, with wheat, corn saining c te "'se, while eats weie up 'c te "'Nc. Previsions were neglected but firmer en nn ndvance of 10c te U."c In the hog market. Cern Prev. Clese Orn . 1 00 p M May jui; bem. Wheal May Julv bein Onts Mn . . . Julv hint. Ilje May . . . I.nrd July ... (If. ill' 1 4L" l -j:. l.-.'e .1s, It MS W ilj'i fi IIS ( fit'. illW lls'n 1 4.T-, Will lJilHi ft I Jit 1 iO'j 13S ru 3Ma 11.10 1 OT'i 11 17 (li H4 'k II J H i Ttf't 114 43' 1.U7 7iiix CHEAP BUILDING is like all things cheap. Geed building is net cheap, but is always economical. JOHN N. GILL CONSTRUCTION CO. ' Commercial Buildings, Facteritt, Iniiiltttiem and Smaller Werk OIIk Itiilldlnc rnn.Ai)i:i.i'iii. COTTON MARKET New Yerk. April 17. The cotton mnr ket opened active ami firmer, especially new crop months, which reflected wet weather in the belt since ln"t Thursday. Initial prices were tl te 1." pelnta higher. There was considerable buy i mg in part for Western account based en .strength In securities and Saturday's advance in grain. Commission houses aiil spot hruis bought and Liverpool , iimj .!.. anese Interests sold early. After the start the list (entinued active uud was tii-iii. with old crops showing In-1 creased strength and s(ling about 17' points ever Thursdaj's close. i It would appear that near menth'' shorts new feel the s.neiisiies of their i ' nosltien and h.ue bid 10.10 for May. ! i with .lud soling up te 111, ''!', or It! n I 1! iieints net higher, the advance car ' rjing feiward the entire ll-t. Avellable steeits el cniiee in New New Yerk, which cnu be delivered en ex- i h.inge (enliaits. are si.mll elid mestly1 iiiitrelled by one house, fetcing May i slieils te pav slmrp advances in elder I te (ever their cemmittments. .s.it 'leda llllHf Jin .IUi (li l.ilinr I let -niljf ! NEW YORK COFFEE MARKET New- Yerk. Anril 17. In resiieiw te sharp aihances at Itle and Santes the I local market opened 11 te l'' points I higher, all active months llinjj Inte j new high ground for the season. JrniUH riose Oi.n I Mhv . . . 10 Hi in I'D 10.aeR4.1 I July lnii.TTiii.l 1O.1SM10 j i Sri ember . ... :i..llse ii.imimiij Dtctmlwr ... ! 7"? 73 !i.S3tfS4 i Inn ep.r 1 p M 1 MIO 1 7 mi 17.si n .'i it n:. 17 i 17 11 17. -J7 17.H7 17 01 17 i.-'i 17.31 Dlv. ynle- In I tee 100 6600 600 1600 700 300 100 3"0 100 100 300 400 100 2300 100 200 100 600 100 500 300 100 4000 100 200 2000 200 300 803 ,J500 RTOCK Itlfll . . ArtaniB Kxprefts .... 66 4 Air deduction .... 54 .. AJnx Hubber 18 . . Alaska Juneau O M 1 H 4 Allied Chem & Vye. 68 4 Allla-Chrflmera .... 49 H 7 AlllB-Chalmeis pf . . 94H 8 Amal Huttar 1st pf. G9 . . Am Agrlc Chem . . 40 4 Am Uank Nete .... 73 . . Am Beet Sugar. ... 41 !4 .. Am Beach Magneto. 47 4 Am B Bhea KJy new 61 Vz 7 Am B She F pf new 103 . . Am Can 48 W 7 Am Can pf 1044 1- Am Car & Kdy 1634 .. Am Chicle 12J4 .. Am Cotten Oil .... 26ft . . Am Drug Syn .... 6 .. Am Hide & Leather 17H .. Am Hide & Lenth pt 7214 7 Am Ice 107H .. Am Internal Cerp.. 48 1 Am-La France Kng 1 1 H .. Am Llnreed 3414 0 Am Locomotive ...116?4 7 f 12 C 12 m.i9ix. T1 Beles West weed mbera Phila.j5ieck. Exchange INVESTMENT SECURITIES LaniTitle Bldi., Philadelphia. JL PHONE' LOCUST 4721 Raw Sugar Market Steady ! Nrtv Yerk. April 17. Th- raw UB(ir mar. Uel rnntlnupil HlfllllV With CubftH for ADfll hliimpfit aueti-il hi '.'"j ft L' 7-lHc. reHt anil frflL-hi. ami ler Jlay uhlnment at Ji,e. cost anil frelKhl SnlrB nn 'nmrila, Jut re- i IKirteil. Includi- ."I'J.HOii Imk Culiaa fur ship- I mi-nt eenil half uf April ut i 7-lRc C'jat ' ami tn- clit. tu the i driil Huunr Hcnninit Ciimpanr .inJ lo.Oeo I-iibs C'ubaii for ihlp-mc-nt fc-s-nrl half of April at 1! 7-10c. ceBt mill freluht te n operator Arrhnls of raw" en April 14 te HI acKreifatisl nppreil. umiely 141), een Uikh te local reflnem anil RX.niiil bans nn route tj Canada (18 felItiuN: ,17.111)0 baiei ('ul).is te the Warner Hucar llo lle niilnn Cemp.iny, 4H.U0U ba Cuban anil a4. Oim bavK I'nrle HUe te thu National hunr Itcllnlim Company 30CH hacii I'orte Illcea te !. trniln 111.0(111 llHKH Slin DOMl In ITDM Iinil '.'n.Ooe bnvi Culia en route tg Camilla ami I 7:1(111 Iiiikn te linpiirters, The local refined mnrket pentlmn-s (Irmly at price rans'nif from S.Uftc te A..1IIC leH 2 per ci-l.t for cash. I money-lending rates ' VI.W Mlltli Meney en (all. both chute of collateral, ejinncd today Bt I per cent for litJlnu and lenewltiK l'HII.AI)KLI'IIIA Call. B tr cent; time. E tier cent) commercial paper, three tn U aMatV. 0 te 814 per ceaL i 100 300 500 100 100 200 1500 100 700 500 . 100 8000 300 100 13200 300 200 100 100 6800 200 1300 100 5100 900 300 10 100 300 19400 50e 100 300 600 1300 300 300 700 200 300 200 600 1400 100 200 100 25 400 200 100 800 200 2700 100 1300 100 400 700 2100 2400 100 3800 3000 600 300 800 100 600 100 5400 12600 3800 100 100 3200 600 100 7200 4100 100 100 200 2100 100 600 1000 3300 300 1030 100 100 6100 5400 200 100 3000 28300 2'2 500 500 400 500 100 T.700 200 1002 100 100 500 41 1900 500 1800 4000 2100 300 3900 400 200 1600 300 7900 600 700 100 4200 500 300 46200 300 300 2900 100 000 1000 100 300 2600 2300 300 100 6300 500 100 100 100 300 100 100 100 1500 2900 . . 100 2 100 .. 100 3 500 2 100 .. 100 S 100 7 3400 . . 9800 fi 3200 . . 100 C 100 .. 200 C 1 1 600 . 1 800 3800 . . 100 .. 100 .. 200 .. 2200 . . , 100 4 7700 . m liailluter 87 Am Safety ltaier . . 8 Am Ship & Cem .. 16 Am Smelt 59 y Am Smelt pf 97 A Am Steel Foundries .38 Am .Sumatra 34 JJ m sujrar ncf .... 7314 Am Sugar ltef pf.. 99 14 Am Tel & Tel 120'i Am Tobacco 142V4 Am Tobacco pf ncwIOl (4 Am Tobacco B .... 1 38 Am Waterworks . . 14 . Am Wntrwks Ce pf 32 7 Am Woolen 95 i 7 Am Woolen pf 105 . Am Writ Paper pf. . 36H . Anaconda Copper.. 54'4 ABSets Realization.. 1 ?4 Asse I)ry Goods. .. . 55 Asse n Goods 1st nt 82 14 Asse Oil. . .' 115 Atch Tep & San KelOOH Atcn Ten iSFe 9011 .. Atlan Ulr & Atlantic 514 7 Atlantic Coast Line 98 !4 .. Atlantic Fruit 5!4 .. Atl Gulf & W 1 S S 34 .. At G & W I S S pf 3! 20 Atl Kenning 965 .. Atlas Tack Cerp... 2014 Austin Nichols 25 7 Baldwin Locomotive 1 19J4 . Baltimore & Ohie . . 47 4 Baltimore & Ohie pf 60 W .. Barnsdalc Class A.. 49 . Barnsdalc Class B. . 3514 B Bethlehem Steel.... 78 7 Beth Steel 7 pf..100 5 Beth Steel 8 pf..112(i 5 Beth Steel B 80 . . Beeth Fisheries.... 6Ji .. Brit Km Steel 13 . . Brit Urn Steel 2d pf 28 . . Bklyn ltapld Transit 24 . . Bkln K T ctfi of dtp 21 U . . Brklyti L'nlen Gas.. 94 . nruivii rsnec '4 i urewn Shee pf. . . . 6 Buff Bech & Pitts. 8 Burns Bies'.V.... - Burns Bres B .. Butte Copper & Zinc Butte & Sup Cep. . Butterick Ce . Cadde Cen O & It.. 6 California Packing. California Petrelm, . 92 7. , 54 .126i j ik 6 29 29 15 78 Vi 58 California Petrel pf 97 !-4 . . Callahan Zinc & Ld 7 2 Calumet & Arizona. 6214 10 Canadian Pacific. ..144! i .. Central Leather.... 40J.i . . Central Leather pf. . 73J4 .. Cerre-de-Pascp .... 37 yi 6 Chandler Meters... 77 4 Chesapeake & Ohie. 65 ? .. Chicago & Alten... 9 .. Chi & E 111 (new).. 24 U .. Chi & K III (new) pf 44 H .. Chicago & Gr West. 8 .. Chi & Gr West pf.. 22 Vz .. Chi Mil & St P.... 26yi .. Chi Mir& St P pf. . 44 i4 0 Chi & Northwestern 75 J4 7 Chi & Northwest pf112!4 4 Chicago Pneu Teel. 68 .. Chi It I& Pac 45 6 Chi It I & Pac 0 pf 82 7 Chi H I & Pac "Te pf 95 yi .. Chile Copper IByJ .. Clilne Copper 29(4 . . Clev Cln Chi & S L 65 5 Clev ci c & S L pf 89 .. Cluett-Pcatedy . .,. . 5314 4 Coca-Cela 49 ?i .. Cole Fuel & Iren.. 32ft 3 Colerado & Southern 48 C Celum Gas & Klec. . 64 .. Celum Graphophene 3'A .. Cel Graphophene pf 15J4 4 Cemput Tab r.ec... 75 .. Cen sol Cigar 29H . . C onsel Dls Ins 7 Consolidated Gas... 112 .. Consel Textiles.... 13 94 .. Continental Can.... 66 5 continental Insur. . 72 4 Cern Products ltef. 103 Cosden & Ce 42 Jj Crucible Steel 65 'i 7 Crucible Steel pf . . 88 . Cuban Am Sugar. . . 2314 . Cuba Cane Sugar. 1 6 ? . Cuba Cane Sug pf 35J4 , . Davisen Chemical.. 63 3 Deere & Ce pf 72 3 I 'cheers c Mln Ltd. 20 !i 9 Delaware & Hudsen 1 1 9 V 6 Del Lack & West.. 115 1 I'eme Mines 25 10 Eastman Kodak.... 785 12 niec Storage Bat. ..179 .. Klk Hern Ceal.... 20 D Kndlcott-Jehnson .. 86 vi .. Krle 13i .. Krle 1st Pf 21 M .. Krle 2d pf 14 14 5 Famous Players L 82 3,i 8 Famous Players pf. 96 4 Fed Mln & Smlt pf 39 i Hi Fisher Bedy.. . . 127 8 Fisher Bedy of e pf 95 'i . . Flsk Hubber . . . 1 8 H .. Freeport Texas.... 17.'b Gasten Wins & Wig ?i 6 Gen Am Tank Car . 61 .. General Asphalt... 65 Va C General Cigar 74 Ja 8 Gneral Electric. . . 163H .. General Moteis.... 13's C Gen Meters deb fi'1 79 V " Gen Meters deb 7ri 93 '4 .. Goedrich H F 41 Vt 7 Goedilch II V pt 86 1 j .. ur.mby Cen M A: M 2714 . . Granby rights !4 .. Gray Da Is . 17 '4 .. Greene Caminea Cep 29 7 Great Northern pf . 75 1 a 4 Great North Ore ctfH 42 . . Gulf Mobile & Ner. . 14J5 .. Gulf Meb & Ner uf 34 H .. Gulf State Steel.. . 84 J4 .. Hablrshaw F.l Cable 2 .. lltndee Mfg Ce 1914 3 Ilemestake Mining 7414 .. Housten Oil 82 1 Hupp Motercir .... 17 .. Hydraulic Steel 7yi 7 Illinois ( i-ntral 109 . . Indian lUllnlng. ... 7 ,tiO Iudlahema ilet 44 .. Inspiration Cen Cep 42 2 Interb Cen Cerp. . . 3 la .. Interb Cen Cerp pf 8J8 Int Cement 35 Inter Comb ring ... 27 Int Agrlcul Cerp pf 39 9a Int Harvester new. 96J4 Int Harv new pf.,.109 Int Mer Marine. . . 21 Int Mer Marine pf. 8414 International Nickel 18H Intermit Nickel pf.. 79 Ji International Paper 48 Inter Paper pf stpd 67 Invincible oil Cerp 20 H Iren 1'ieducts Island OH Jewel Tea Jewel Tea pf Jenes Bres Tea, . . . Kan City Southern. Kan City Se pf Kansas & Gulf.... 33 n 21U 70 39 H 27 57 yj T.nnr 60 54 17JJ 114 67'4 4914 94 69 39 73 41 Vt 47 61 103 48H 10414 162 yi 12 J. 2614 6 17K 7214 107X 47 11H 34y4 115J4 86 7Ji 16 5Byi 9714 38 34 yi 73(4 9914 120 13914 101H 137 1314 32 93 104?, 36M 53 55 82 1; 115 99 90 '4 514 9814 514 34 2314 965 . 20!i 25 11714 46 J, 60 49 35 '4 75 j 100 112 80 6 12J 28 23 21 94 49 92 n 54 126 39 yi 6 28 y, 20 U 1414 7814 56 ?i 9714 7 62 143 3814 73 V, 36 'A . 76 6514 9 23J4 4414 8 22 !4 25 42 74 112yi 68 44 82 'A 95 !4 18 2814 65 89 5314 49 yi 32 Ji 48 63! 4 3 1414 73 29 M 109 1314 66 72 102 41 65'i 88 23 16 35(4 60 72 20 yi 1 197a 115 2514 780 170 19H 8514 13 21 14 81 14 96 39 123 95 1'2 17 17 H 61 63'4 74 y, 163 12 79 93 41 86 !4 26 li 17!4 2914 75 K. 41 14 34 A 80 K, ' 2 1914 I 7414 82 17 7 14 109 7 ( 414 41 yi 3 8 35 26yi 39 9614 109 2014 83 1714 79, 'j 48 67 1914 32 94 21 U 70 39 U 26 57 y. 514 V V iyi 'ift 1. V H H '? 1.4 1 " 14 14 2H 1 1 14 14 "!4 ' 14 14 ij4 "yi 14 I 1:30 Net P. M. Che 66 1 54 -18 .. 1W .. 68 49 yi 94 693 40 73 -4U'a .. 47 61 103 48- 10414 16314 127a 2614 6 - 17 724 107- 47 - 11 34I4 11614 87 7 16 5914 9714- 38 34 Ji 7314 99 14 120 137 14 32 94 14 -105 36- 53 1 55 82J4 115 -100' 9014 514 98i 5 34i- 2314 965 15 20J4 14 25 - 118 46 Ji 100 11214 80 6 23 21 94 4914 92 74 54 - 126 -3914 6 28J4- 28 A-14-7814 7 62' 144 3815 -73J4 37 77 65 9 24 4414 8 22 yi 2614 4454 75J4 11254 68 -45 -8214 9554 18 29 54 65 89 5354 49 14 -32 Vt 48 -64 3 54 14)i -73 - 29 11154 -72 103 -41 -65 88 23 -16 3554 62 -72 -2014 119J4 115 25 54 785 174 -1974 8554 13 -21 - 14 -82 54 96 39 125 95!i 18 17 -i 61 64J4 74 54- 163 13 79 93 41 86 54 -! 27 Dlv. Sales In f STOCK Hlsh 25 8 Kayser A Ce , 97 7000 .. Kclly-Spg Tire 49 100 8 Kelly-Spg T 8 pf. 101 100 6 Kclsey Wheel 106 10300 .. Kennecett Cepper. . 32 3300 . . Keystone T & It. . . . 19 74 100 G Kreagc S" S 142 400 ,. Lackftwann.a Steel,. 86 100 . . Lake Krle & West.. 1654 100 '.. Lake Krle A W pf 3214 1200 2 Lee Bubbsr Tire.... 34 6700 3A Lehigh Valley 6314 400 12 Liggett & Myers.. 16974 200 7 Lima Locomotive.. .1 H 10600 .. Leewe Ce 17 700 1 Left Candy 1274 200 .. Loese-Wiles Biscuit 5074 600 .75 Mclntyrc new 19 600 .. Mack Trucks Inc.. 38 74 100 7 Mack Trucks 1 pf.. 81 200 t Mackay Ces 89 100 .. Malllnsen & Ce.. ... 23 200 7 Malllnsen & Ce pf . . 62 300 2 Manhat Shirt 3914 100 . . Market St Hwy pf. . 41 54 100 6 Mar St ny pr pf.. 6174 100 .. Mar St Ttwy 2d pf . . 2B5S 700 .. Mnrlln Oil 29 200 2 Martin Parry 3014 200 .. Max Moter Class A 6554 300 .. Mux Moter Class B. 20 200 7 May ivpt Stores pf119 9800 12 Mexican Petroleum 135 54 300 2 Miami Copper 29J4 iuuui.je Middle states Cerp. 16 174 1 54 3 14 1 "i 54 54 li 54 yi 3100 300 500 500 700 I COO 100 300 5400 200 100 100 200 900 100 100 100 500 8300 1900 500 7000 100 100 2 5 3000 ." 1300 2 100 500 100 500 iee 200 1200 100 2400 3000 200 100 100 1200 3100 400 1200 200 12300 6700 1400 100 3000 4400 200 1200 200 100 500 3800 4600 1600 4400 100 500 1900 Mldvale Steel 35 . Minn & St Leuis.... 1054 . Me Kan Si Tex (wl) 14 54 . Me Kan & T (wl) pf, 37 . Mlfpetirl Pacific... 24 . Me Paclf.c pf 59 3 Mentana Power.... 72 7 Mentana Power pf.104 . .Montgomery Ward. 2014 8 Mulllns Bedy 33 . National Acme.... 16 . Nat Cleak & Suit.. 4254 . Nat Cen & Cable.. 4 . Nat Kn & Stamp.. 3714 7 Nat Kn & Stamp pf 8554 6 National Lead 91 7 National Lead pf.,110 . Nat II It of M 2d pf 5 . Ncv Cen Copper... 18 jj 6 N O Tex & Mex.... 6754 . N Y Air Brake 77 54 5 New Yerk Central. 92 G New Yerk C & St L 6374 New Yerk Deck. ... 33 New Yerk N H & II 2214 2 New Yerk Ont & W 27 4 N Y Shipbuilding.. 20 7 Norfolk & Western 106 54 4 Norfolk ft West pf. 7414 3 North "Amer ctfs... 57 5i 3 N American pf ctfs. 32 . North Amer rts . . . 714 B Northern Pacific... 77 2 Nunally Ce 10 . Ohie Bedy & Blewer 14 54 . Okla Pred & Ref . . . 2 . Ont Silver Mining.. 0 . Orpheum Circuit... 19 8 Otis Elevator 136 . Otis Steel 16 2 Owens. Bett Mach.. 38 . Pacific Dcvel Cerp. 87i 5 Paclvc Gas & Elec. . 70 . Pacific Mall 15 3 Pacific OH 60 fi Pan-Amer Petrel.. 66 6 Pan-Amer B 59 . Parish & Bingham. 16 2 Pennsylvania U It.. 42 . Penn'Seab Steel... 1154 G Peeples Gbb Chicago 84 . Pere Marquette. ... 30 54 6 Pere Marquette pf. 65 6 Pere Marq prier pf 7354 3 Philadelphia Ce.... 3954 2 Phillips Pet 39 . Plerce-Arrew Moter 23 . Plerce-Arrew Met pf 4874 . Pierce Oil IO54 8 Pierce Oil pf 5654 G Pitts Ceal 60 Pitts & West Va.. 3363 300 IV, pond Creek Ceal.. 1 54 i 74 54 1 I V2 17'i soe r. Pestum Cereal 68 500 8 Tcstum Cereal pf...107 200 . . Pressed Steel Car. . 80 1600- .. Producers Refiners. 31 300 6 Pub Service of N J 86 2400 8 Pullman 126 200 .. Punta Alegre Sugar 39 12900 2 Pure Oil 3574 100 8 Railway Steel Spg.102 100 .41 Rand Mines 26 3000 .. Hay Cen Copper.... I6?i 6000 4 Reading 79 200 .. Remington Typewrit 3464 700 .. Replogle Steel 33 '4 500 .. Replcgle Steel rts.. 114 700 .. Repub Iren & Steel. 56 400 2 Rep Iren & Steel pt 82 1200 .. R T Reynolds Teb B 47 100 .. Rebert Rels & Ce.. 20 106005.20 Royal Dutch N Y.. 66 200 1 St Jeseph Lead.... 14 J, 200 . . St Leuis San Fran. . 30 54 100 . . St L San Fran pt 51 14 600 .. St L & S W R R.. 30 100 .. Santa Cecelia Sugar 200 . . Savage Arms 100 .. Saxen Moter 2400 . . Seaboard Air Line.. 300 .. Seab Air Line pf . . 100 .. Scars-Roebuck .... 1300 .. Seneca Cep Cerp... 700 .. Shattuck Ariz Cerp 12 54 14 54 54 1 14 64 54 54 14 1 54 54 1 54 i w ! 54 ' V. , 100 3'i Shell Transport. - 54 i f- 176i 2954 . 7554- 40 -147,- 3414 -82- 2 54 82 1 17 - 714 109 ! 7 i 4 5-4 41 : 39s 8 35 26 39 I 9664 109 -2014 83 1 7i-l 48 67 ! 19 . 32 - ; . 2154 70 39 54 . 27 -57 54-5 a; I 114 I 54 , hi; 1 14 fl ! 111 -IS- . I ! W I 54 I ; 17 , 1 83500 100 9800 2100 200 6200 2400 300 . 1500 600 25500 100 1000 100 100 1100 23500 1400 500 14700 200 100 500 100 42600 100 200 700 200 600 100 100 200 200 100 300 300 100 100 400 1500 400 600 100 11E00 100 400 300 300 100 100 100 400 1700 3800 300 700 500 600 200 1100 200 900 700 400 4B00 100 1000 100 100 K0 100 100 300 4 2254 4 54 974 14 64 7614 14 9 46 7s 34?', 43 54 31 V2 Sinclair Oil. . . Sless-Shcmcid 6 Southern Pacific . . . . . Southern Rail 24 54 .. Southern Rail pf . . . 55 4 Standard Oil of Cat 107 5 Standard Oil of N J 184 7 Stand Oil of N J pf114 2 Stewart Warner Spd 41 6i . . Strembcrg Carb.... 58?j 7 Studebaker 1 20 7 Studebakf r pf 10954 . . Sub Beat Cesp 6 . . Superior OH Cerp . 6 54 . Sweets Ce of Amer. 3 7s Tenn Cep & Chem.. 125i 3 Texas Ce 48 . Te-x Gulf &. Sulp.. 43 54 Texas & Pacific 34 1 Texas & Pac C & O 3054 .. Third Ave 2164 . . Tidewater Oil 1 30 14 0 Tobacco Products.. 69 .. TStL&Wpf cfsU... 43B .. Transcem Oil 13 4 Transue Wm Steel. 42 2 Twin City It T 50 .. L'nlen Oil 2154 7 Union Tank Car pf104 in Union Pacific 138 1 Union Pacific pf 737J .. United Alley Steel.. 33 .. United Drug 6314 8 United Fruit 142 . . United Rwy Inest. . 101i .. Unit Rwy Invest pf. 339i IS United Retail Stores 49 . IT S C I P & Fdy.. 36 G U He I P & Fdy pr 69 ..US Feed I'reducts 4 ..US Hid Alcohol... 47' U S Realty & Imp. 65 54 U S Rubber.. II S Smelt & Ref i; S Steel U S Steel pf . . . Utah Copper. . . . Utah Sec Vanadium Cerp. Va-Car Chemical Va-Car Chemical pf 80 64 Van Raalte 1st pf.. 85 Vlvadeu Inc Wabash Wabash pf A Wabash pf B Weber & Hellbrener Western Maryland. W Maryland 2d pf. Western Pacific... Westing K He M West li & M 1st pt u Wheeling & L E 10 Wheeling & L E pf 21 White Moter 46 54 White Oil Cerp.... 11 64 Wick Spenc St Cerp 16 Willys-Overland . . . Wlllya-Ovcrland pf. Wilsen & Ce Wisconsin Central.. Worthlngten Pump. Werth Pump pf A.. Werth Pump pf B.. 67 . 387a . 98 ,11754 . 66 7i . 17 , 4464 35 13 9 33 20 13 10 1974 22 64 6354 uy 39 43 28J4 53 90 64 73 Lew 97 48 54 101 106 31 18 142 5554 1654 3254 33 62 16974 1M54 f6U 1254 5J374 1914 38 01 89 23 82 3954 3154 61 7i 284 29 30 6554 20 11814 13254 2914 1554 34 1054 14 54 37 24 54 59 64 72 104 19 33 16 4254 3Ji 37 8514 91 110 5 1674 66 75 91 63 ?i 33 21 64 27 20 105 74ti 57 32 7 6i 76 10 13 2 8 19 136 15 64 36 8 7i 7064 15 58 6354 58 16 42 54 10 83 29 65 7354 39 38 54 21 45 97i 5654 60 3254 17 54 6754 106 64 80 30 8654 124 39 35 102' 26 1654 77 34 64 32 114 55 64 8174 46 7i 20 64 64 14 74 3054 5154 30 4 22 54 454 914 14 54 7654 14',4 9 46 Ji 30 64 4364 90 2374 55 10114 18054 11454 41 56 54 11854 10964 5 74 6 54 374 1214 47 Vt 42 34 2854 21 130 54 6954 43 1264 42 50 21 6i 104y2 138 73 7a 33 09 142 1864 33 64 49 36 69 4 46 65 667a 387a 97 11764 667a 17 54 44 35 8054 95 13 964 32- 20 13 10 197a 2254 63 64 70 1054 2164 46 11 16 8 39 43 28 74 53 90 64 ' 72 1 1 14 1 4H 14 ?4 54 54 H 54 i 54 254 154 1 54 1 ' 54 'h 154 54 54 54 ' V 14 54 94 54 54 '14 54 1 9i 1 IKa 2 54 J4 Vt , 54 14 1 1 :30 Net V. M1. Chgc 97 - 48 101 106 - 31 74 19 -142 56 1 1614 3254 . 34 62 ,- 169J4 11454 17 89 -23 -82 -3954 4154 3054 6554 20 11854 133 2954 15 35 -1054 1454 37 24 104 20 33 16 4264 3 37 8554 91 94- 110 - 5 18 6754 77 54 21 54' 27 -20 -105 -7454-57 -32 754 76 , 2- 8 194 136 1564- 36- 8?i 7064 15 - 59 -64 64-5854- 16 -42 54 10 83-29-65 -3814-22- 45 -974 5664 60 6754- 1064 80 -30-86- 125 64 102 26 1674 78 54 34 64 33 - 154 5554 - 82 46 ?i 20 -64 -14?4 3054 51 54 30yi 4 2254 4 64- 974-1454-7664 14 r 9 467a 32 54-4364 91 24 64 55- 10374- 181 - 11454- 4154 56 54- 12054 10954 57'a- 614- 374 1254 47- 42- 34 29J4- 21 -130 64 69J4 43 -12 42 -50 2114 104 138 7374 33 6964 -142 -1854 33 64 49 36 69 64 65 67 38 ?i J. 98 54- 11714 ! 6674 17 44 ?g -35 t 80 64 95 -13 -i f 20 22 64 63 5, 70 "10 r 21 54 46 64 11 16 864 39 -43 28 7e 53 -90 64 -72 FOR AMERJTORES Active Favorites Encounter Profit-Taking, Which Were Readily Absorbed 1 154 64 14 54 1 54 54 54 14 114 3 "54 54 54 54 i 54 94 54 64 'il4 Vt 54 64 1 54 ' ' 54 Vt 1 94 64 254 14 American Stores were nialn the xpcctacular feature of the local market, but the trading In the general list was nlse bread and active. American Stores without apparent reason was bid up sharply te-112, an advance of 0 points above Saturday's flnul quotation, nnd representing nn ndvnnc of 14 points since the new forward movement started en Friday. The flret preferred at the same time en small transactions reached n new top nt 144. The movement at tracted mere attention because of the recent ntntlenary position these Issues held while the ether local speculative specialties were being marked up In n .sensational manner. Trading waif of a vigorous character In 1Milln.lelnl.ln Flr.-H-l.- nnd P. It. T.. but linle rhnnge In price occurred in either Issues. Itefh encountered rnlher liberal profit-taking after the higher opening, butt hese offerings were read ily abserbd, indicating n considerable voltiine of underlying buying orders. Renewed buying appeared In Penn sylvania Itallrend. causing n recovery of n Vi point. While net reaching large proportions the dealings In the general list were bread and active. Electric Storage Battery's bulge last week brought In n number of profit-taking orders and which caused 11 reaction of Ti points te 170. The local quota tion, however, continued merely n re flection of thn larger mnrket. Small soles were made in Cambria Steel at 85, or seven points above the previous sale. Lehigh Navigation remained firm nnd made a email fractional gain of 74V4 , despite the continued strike. Philadelphia Stocks 1:15 P. M. 48- 4N Net I'hKC. 5 1(1 i(W2y8 High Lew 20tAm Can. 4S 48-;'8 lOOf Am Int C 48 48 ntmn'm r. . .1 .. n J rt 4AM1 I OA -an Am atrs.aia aua j1n174-f.114 .1i delstpf.144 144 144 4 1U Am Ship & Cem.. 10-li lOtAm Stimitt .'14 10.". llrill J (i. 44 10 Comb Btl. 8.-. n.-tOM&8tP 23 231j 23 ' 70 Elec Ster.170 170 170 3VS 44 IVj 42V4 ;i5 . . 101.. it 44 S3 44 S3 .7. mt 1 - . . . , emi 110 new.. 1.1 'J fiOflnspIr Cep 42 4 10 In Ce N A 33 20 Key Tele. - 0i 20 Lake Sup. 10-14 280 Lch Xav.. 74 Vi 44 42 VI 33 IW 1()7i i4 02 Vi 133 15 35 IS 02 COO Lch Val... 03 20tMex Pet..l35 ' 350tM Sta Oil 10 lOOtMidvalc. . 35- 2000fXev Cen. 18 10tN Y Cent 02 lOtPacIflcOll 50-i iw I'enn lent Light pf. ."." 4 55 083 Pennn R It 42 42 Vi 30 Penna Salt 74 78 Vj 5 Phil In W 34-7iV 34 33 Phlla Ce cum pf.. 31) Vi 30 1330 Phlla Elcc 28 28 315 de pref . . 21) Vs 21)Vi 1535 Phlla R T 32 32' ft lOISlnclalr. . 34 34 lOtTcxnuCe. 48 Vf, 48ft 35Tone lJel. 1 1 BOtTrnns Oil 13Vft 13Vft 23t l'nlen Oil 2l-i 21 -?i 025 UnienTruc 42 42 00 U O I 44 44 Vi 100 de pref.. 53 53 30tU S Steel. 1)8 !)S lOtVnnadium 44,4 44i CO War I&S 8 8 5 W .Tcr & S 35 .'55 200 Yerk Rwy 21 -"Ji 21 U, 02 Vi 135 10 35- 18 : 02 Vft 50 Vi 05 . . 42 i4 . . 34-74 284 'ft 21) V.. . 32.. 34lV4 ifi l'1! ft w,u 35 21 Vi ti 1 "ji 54 54 2 254 54 54 1 Vt 54 54 54 14 54 14 14 54 14 54 it tNet Chance mndp liv rnmnnrlunn Willi laHt nle en New Yerk Stock KxchiWRc. IMIlI.AUKI.rillA WINDS 5000 Liberty 4th 4Vis '38.. 1000 Am (ins &'Elee 5s., 1000 Cens Tract N J 5s., 20(H) Elcc & Peep 4s 1000 Eipilt Gns 5s 1000 Lch Xav Cens 4Vin., i;tHHi 1'eeplen I'ass 4h 701HI Philn Elcc lHt 5s 200 Phlla Elec Int 5s 1000 Phlla Elec 1st 5s 25000 Phlla Elcc 0s.. 00.02 N4' 84 00-14 . . . 100 ... 02V1 ... 72 lets . 11(1 letH 00". lets imvft lets 101-74 rj-uk,,. ,. Ll ". ''-rWri.P.iZZ irsy; APrU 17, 1922 THE HEW YORK, NEW HAVEN AMD HARTFORD ' RAILROAD COMPANY hat authorized the following etatement: Since April lit the deposit of the 4 Debenture! under the plan for extension for a period of three years as approved by .the Interstate Commerce Commission, has steadily continued. A- large majeritv of the Debentures have already been deposited and all the lir holders have been communicated with. There still remain, however a considerable number of holders, both In this country and abroad! with whom it has as yet been impossible te get in touch. The direc! ters have therefore authorized a further extension of the period in ' which the Debentures may be deposited, such extended period te be subject te termination by the directors without notice. The directors desire te emphasize the fact that the plan can become effective only if it is accepted by the Debenture holders with prac tlcal unanimity, as it has been impossible te make prevision for the payment of any Debentures the holders of which de net accept the company's offer of extension. The Dellar Debentures may be deposited with the Bankers Trust Ce., N. Y., Old Colony Trust Ce., Bosten, or Drexel fit Ce., PhiU. delphia. The Franc Debentures may be deposited with the Equitable Trust Ce., New Yerk, Paris or Londen; American Trust Ce., Boston Beston Bosten or Rhede Island Hospital Trust Ce., Providence. ' 4'fl )l FEDERAL LAND BANK 4 Bends Dated May 1, 1919 Due May 1, 1939 Optional May 1, 1924 Interest payable May and November 1, at any Federal Land Bank or Federal Reserve Bank Exempt Frem Federal, State, Municipal and Lecal Taxation Price at Market, te yield about 4.50 ELKINS, MORRIS & CO. LAND TITLE BLDG., PHILA. Members New Yerk end Philadelphia Stock Exchanges BALTIMORE & OHIO R. R. Our analysis of this important carrier sheii's six reasons why its common stock should be bought Ask for Circular L-5. NEWHALL, GROSS & DIFFENDERFFER REAL ESTATE TRUST BUILDING Financial Briefs 1 i i U. S. Certificates and Treasury Netc3 Int Maturity , . . , . , ,.. ltatu Data Ilia AnkeU Ylld 4'4 June, m'-... 100 8-32 100 8-10 8.04 i'jiJ June! im... 100 8-82 100 S.09 Afiunt, iii:.".'. Hept., lU.'L- .. Hi-Pt.. 1B1'-'.,. JJC. lUT. . . . March,- iMS.. June, 19114. , , 100 in-.T.1 ion n.ie a.l'J iu(i i:i-:i niii,a u.'.'t ten w-a'J inn is.'il a.-.'j ii-sa igu xs-az s.w saiim .u.jes.T ivm .v 100 All. 1 0(1 TV- lOHi" t5' Hept.. 1024... 10.1 ,1.1(1 111.1 .-..in 4.01 t4 Slurcli, lU.'S . lilt 7-ltl 1111 e.lil 4 17 t4l Mareli. 1UJ0.. 101 IB-IU 10J Liu 2 II Bxemrt trpm Federal normal Income tai tAccepiabl or payment et InceniB tai da va lat of maturity s uww. iux ?ftiU..i r . n Left, Inc., reperta salux for tliroe tnnntlis cnileil March III, as .$1. -lll-l, aiiil, aeniiist $l,fl4:i.4S7 Hame peiiml 11121. William K. Paten, formerly with the (iiiaraiity Company of New Yerk, in as.-eelateil with Harrison, Smith & Ce. as manager of their sales department. TIk annual report of the Delaware, and Hudsen Company, issued tills morn mern ItiK. t-hewK net Income of $4,11:17,452 en 11)21 operations, or 11.(12 per cent en capital Meck. This compares with net Income of $4,1.13,102 i" 1!2. In which year the Government coinpeiiMitlen guarantee amounted te $5,021, 1(111. The Yuken Geld Company reports n gross income of Ri)70,1)2:i for l!rl nnd operating expenses of $71(1,78(1, leaving an operating gain of $2.4,l.'tti. N'ou N'eu N'ou eperating income amounting te $70, 7(1S brought total net Income, te $:!24. 1105. After deductions for deprecia tion, depletion, Interest nnd ether ex penses amounting te $071,70. there was a (letlelt for the year of $.14(1,875. An issue of $0,500,000 of tiie St. Paul Railway's 0 per cent equipment trust notes is being offered by u syndicate composed of Freeman & Ce., Iluwleti, Stene A: Ce., the New Yerk Trust Com Cem pony and the Kqultable Trust Company of New Yerk. They are dated .Inminrv 15, 11120. mid unit lire in $71)0,800 let's en January 15, 11123. te Jammi-v 15, 1!).'15, Inelusive, mid are being effei'ed te yield 5..15 te 5.75 per cent. New Yerk, New Haven -mil Hart Hart eord Itallread Company announced that dlrecterh had authorized further exten sion of period in which -l per rent de benturcs may be deposited under three year plan approved by Interstate Com Cem merce Commission. Tim extended pe pe rled is te be subject le termination bv directors without notice, it htntenicn't said. Atlantic- Hcfiiiiiig Company for (lie jear ended December .11 lepnrts net less of $.1,740.2(11 after charges, depre'in. tien and inventory adjustments. '-,H compares with net profits of $10,5i:i . (104. equivalent, after preferred dlvi dends. te $182.27 a share, earned en the $5,000,(XK) common stock In the pre vious year. Allls. Chalmers Manufacturing ( oni eni pany has Issued Its profit and less ne ne ceunt for the jear ended December .11 showing net profits of $2,215,408 after charges and Federal taxes, equivalent after deduction of preferred dividends, ,'L?4,07 n t-lmrp ''"I'lied en the $2(!,()()0. -000 common stock, as compared Wih net profits of $:i.5(ti,2l!), or $0.2(1 a piiun.- iii nn.- lui-vieiis year. Secretary Mellen announced Satur day that the subscriptions for the .1'.', iT'i'i'm!.1 ')ir',"V,V' eertlHcates of Serl..; II. 11122. dated Apr 15, 1022. matur ing October 111. 1022, 'i-IekmI 'a, ',' J, lese of business en April 15 l)'i.i Preliminary rcperlM n-cehed from The we ve I-ecli.re I Ileseric bunks iiiclli-ntts-nnnn e "ff''l;ln"- 'l,li miN for $15(1,. 000,0(1) or theieabiiuts. lias be(.n ,.,.... .siiusenueii, anil the total wiIiktIiiiIuiis aggregate ever $:100,000,000. All ( the Federal Ilcserve dlstrlclH Imve re ported oversubscriptien et their qaeti. WE HAVE ACTUAL ORDERS IX Philadelphia Elec. 1st 6s, 1941 Otte Eisenlohr Common & Pref. Franklin National Bank Stock Central Ceal & Coke Common P. C. C. & St. L. 5s, due 1970 New Yerk, Chi. & St. L. 6s, 1931 Lake Superior Crpn. 1st 5s, 194.4 Denner Steel 8 Preferred King's County Elvtd. 1st 4s, 1949 Chesapeake & Ohie 1st 5s, 1939 City of Philadelphia 4s, Any Catawissa Railroad 1st Pref. Lykens Valley R.R. & Ceal Stk. Equitable Illuminating 5s, 1928 Welsbach Ce. 1st 5s, 1930 American Gas & Elec. Pref. Kankakee Gas & Elec. Ist5s, 1930 Westinghouse E. & M. 7s, 1931 Lackawanna eel 1st 5s, 1923 Inquiries Invited ISAAC STARR, JR. & CO. 16th & Santem Sts., Philadelphia Rnre VM Til. Spruce IIKHI Thirty Year Secured Sinking Fund Convertible Geld Bends I Dated April 1, 1933 Due Mar 1, INt I Company is lamest hydre-elec tric development in United States, eait of Niaeara Falli Serves about 200 towns in fii New England States and in New Yerk through contract witl large commercial users, leul electric lighting companies and electric railways. Tax refund in Pennsylvania CempaASy pays 2 Nermal Federal Income Tax. Price te net 6.45 Baker, Yeung & Company JOSEPH , SWAIN. Jr.. MuMllfl Land Title Bldg. Bosten Philadelpeisl niiiiipiiwiiiii'iu IlllUIUIIillllllllp Railroad I Equipments f St. Leuis & San Francisce S Wheeling & Lake Erie Texas & Pacific i 6's, due 1929 and 1930 Pricti and particulars en application EstublUiiecI 1883 BIORENSCO. Bankers 410 Chestnut St. Jlcmlcra of iVetu Yerk and Philadelphia Stecl: Exchanges iNillHIIHUII'lll aniiii Denver f Gas & Electric Light Ce. 0 Pfd. Stock, Yield Over Tc Henry L. Doherty & Ce. CW l MnrrU liiiiMi i.i Nen-Callable Bends We llnvn n nimiVler of benflll that cannot be called for 1 I years te 25 years. An investment in any of these bends would secure te you very much larger income thin vnn will Vie nhln in obtain 111 the same class of securities in the future. And with the certainty they could net be taken away iron you by call at a time when yea would havn te re-invest much lower rates. May we send you a liiti Mackie,' Creuse Ce. lti:.I. KSTATK TKL'ST IIIJJ0. Wulnut CJS0 nncr M 1'iihllr Hrnlrr Cerp. 1'rrprt, rr "',i ht. Clulr Count- Ua & Kler. ""-?.'.B ritlifii, Htrtct et Ininuiimiull J,! IndlniiiiuellH & Nerihcrn Trjctliiii.--e B IVnn Mnrjr Coul Ceiiiniiny. . . 3' i'Z Imllunu Ni-rilcc Ceriiiirullun IT SAMUEL K. PHILLIPS & Cft Member I'liihiclrlnhlu htuck .!-a,,f, 007 UIKHTNUT MTIH.r.i AiCewitvCQ Land Title Bldg. Menibrrii 1'lilln. block Ihchuucs AUTOMOBILE INSURANCE Ni.UtfM ttfc I-Wt,,lili.f4, Urm (J. S. PATTON ,u 'wmf' llnntltt .nil mIakL. linllirtlt SM v I lml.r PhiU. H(iwc h'"'i. wwh bends ter Investment,, ri'-.-l-- r-""" Pi mi,, -rr-nnf' Ot"" !' 1,1". Atl-Miiir Cltx '""' W-rixm U ' k NtieMl Cfty JSJ '".' I v-sJ-iv-J. - f i "ij" , , f, r'l r . V ' ii :jtmtti.'i tiV" 'W''tpfX r . t, f " &l , . . t.n.- . Al &Ai Often Ay.V,H..A. tCV. H , ,v. MJ8J KMWlWfyrr y .. Ym'tmMtwmVmiilktrrrrvr ' - . .'J ..V.-7 VP .) .. . .. .JiM ,lr'l
Significant historical Pennsylvania newspapers