r 16 EVENING! PUBLIC LEDaERr-PHILADEtPHlAV THURSDAY, NOVEMBER 1918 NEWS OF THE FINANCIAL WORLDNEW YORK AND PHILADELPHIA STOCK PRICEl !V ' l &" f & 1 -" I B S' s Sound Investments Government Municipal Railroad Public Utilities Industrials Wo hae for jour con sideration n ery at tractie list of. Sound Investments. Wc will send it to jou bj mail or nt oui request one of our iepreentaties will call. FRAZIER6Ca UANKKItS Blond & Sansom Sts, I'hila 211 E. Hedwood St.. Halto. Oils AND Peace a concise pintlect on Uiefiitureof OilStockj end tin i orpins; OIL ERA. Send lor our copy. WE SPECIALIZE in OILS DUNHAM ja P SPEClALISTb " 43 Exchange Place New York CASH BUYING PROVES SUFFICIENT TO TA KE CAKE OF ALL LIQUIDATION New orlv Mnrlvet'b etion Shows Values Have Been Stabilized as Result of Money Regulations Steel Industrials Demonstrate Strength NViv nrl(. Noi Jl The ictlon of the stotlc tinrkft loilnv civ. further ovlclenre that values hmp been fctabtliZTi us n result of the nionev rcRuHtlons Imposed hv thr orcnnlred b-inki anil tlnit iltlinticli brokers ire forbidden to In ( r i.o tlielr loin accounts tlirro It n rltnviiiil from cih timers sufficient " to t-ikp earn of nil the liquidation th tt in i mmn from tired holders or l,n Inclined lij dhtuiblnp developments stn h is eniiiiel In the Mnrlno Issues and motor stocks In Hit list two divt. The strenRlli of th" m u ket was morn ileirl dtnonitr it"d In the steel Industrials thin In nn other croup In this mornings trading Those storks In npllp of storks of limited demand resulting from peace rndltlons nral (.ood mlns In the nrlv. fori noon with I'nltcd States tpp ifter stllliiR nt no', movine up to iliove 102 and Dililnln Loco, mothp which jlelleil to 10t In the first ft v minutes later advanced to 8U4 A good deil of Important r K nttat lied bj llnuirlal Interests to the showing that will bo m ide in the statement of unnlled orders to bo pub ish'd h tin t'nlte I Mutes Mnl i orpoiatlon on December 10 This ls fpnted to leiord enm 11 itlous of r,uv c rnmi'iit contracts and tho off setting Influent of )tisiiiHts Itised on peteo conditions The Miilne Isiii s writ th m with uppirentlv nccumul-itlon of tho prefri"d stock h strpni; mterists making th.it Issue range from 111'4 to il u dining the forenoon isomp of the rillroid storks mi" il'o strong Reading advancing 1 point to si ml Southern Pit Ilk ro at to 1044 There was i st id icr iimulitlou of Tobacco Troducts accompanied In .isertkms tint .it the tit vt dividend met ting the distribution will be it tin i iti of moie than D1. r unt mil a represi nt-itlv e of Inside In i.M'sts tod iv innflrmeil the stnttmptlts TENDENCYtO HIGHER I GINNING FIGURES SEND PRICES SEEN IN CORN! COTTON PRICES HIGHER New York Storks ' Con-idrrablo Slren-slli Noted in Mai ket for Cash Article. Oat Ate Lower W- SOUNDEST TYPE OF INVESTMENTS WITH A RETURN OUT OF ALL PRO. PORTION TO THEIR WORTH, DLE TO THE EXTRAORDINARY TIMLS WE ARE IN. IT WILL DE THE PART OF PRUDENCE TO INVESTIGATE OUR OFFERINGS BAKER, AYLIN& & YOUNG LAND TITLE BUILDING boston PHILADELPHIA Chicago Fidelity Trust Company Jfctiiler Fcdiral I rsirtr utn Capital . . . $5,000,000 Surplus $16,000,000 Downtown Olllci" llriiml street Ofllre. 82R TH Chestnut t. V h t nr of 4"-llT s rmirlh si llro ill I he.tnnt ItMI. AII Ifllsl METS !K?r STATE OF V II lit It C. K "VS deecaeeil Letters of ndrnlnlslr-Ulon n the abive estate having: been trant-d ti the unclerslirrcil, nil pe-.ons Indent, il to tin aid estate aro requested to m kx pomenj: and thote having claims to pnsent tho aane Without delay to . (Mits ) cappie r w r.vnn 12l W fulp lioiken St Germanlown I hi a Pa or to her mtorney HARM AS! YI HIvPS 1318 T.;it 1 ntle Hulldins I'hllnilelphla . te-. fstxti: or jniim i (oiTTv? -& ilrrrilK d I ttf rn It stamen t try in tl " above estate having lie. n srar t il to th undersigned all p. rs ns In lehied to the Hill f state are requested to mike ium nt ar 1 those havt lalmi to pris.nt the nm without dt to ..ATII MtIM- mioNY olid tin iinut at Or to her attnrni W AIF noHINSON 812 I llieru ItillllintT r n 1 1 s ItlciiK", Nov 21 t th ints.t toil i torn continued Ir i pulir s. ntiment wis mixed but It was apptrcnt tint shor Intirost was till m the mirket An Ini reiso in the mipri v in' nt In tlit st iple is looked for with hi nm! wi ithtr eondlilons In the t lilt ll llillKS IteiPlnber hold nt $1 to itfilnHt 1 10 it til. t lose vtsterdtv I ut lantnrv lontimied tin eltingftl it JI 1.'. i onMderitile strinth wis nittnl in the nttrkit for tile c iBh artitlL Iatir the mirket bhuwul in imprivi mint tf about one cent uvtr vtsltnli t tln lis I lie ipcelpti here toda wire 131 c irs mti w.ro sitghtlv lomr it tho i ptii ng first irii.s In inf. 'N t" '41 lour nil the ilei lllli i uliiinlsMoh h lis, s l ugli mil tli I 'I iiDttiul In loss Nov i mlit i at hlgli in irk of tin in rn ns sold it "u'ti diiimliii Tl'j md I mu iri "fUc IHisini ss ins no' liri, as virtu illv ill tr.uiKai.ti his inn in sm ill li ts Tin receipts belt todaj vi 1 1 p 1 1 1 uf. Ihe miipts 1 1 win it -it Minin ipolls weri .7. i ir iMlli'l -l'1 ll,H list wi.l at luiliitli lr- i irt it. ilnst lil ur- i wi.k ii.li it i hh ig r ' un umiimtl with 70 i us i wnk ngo ind it Wintiipig 1"! (lis agilnst -lil i irs list vm i.k 1 i line futur H rani.. I is f lliwi 1. I" V l I'M u Hn-h 1-ow p in c i 1 1 n iiien th IU r ... s , l in l t lii i i i i nt a i t 1, 1 . 1 nt'j I -sts, 1 lui 1 MS I n 1 1 if i. N.v " '. " II e "1 71. J.n 7 IN TIN I ir 1 Nov .1 'HI Jut -il . p . I .7 mis. Nov tj't HO ." fl". Jan -III -I tO i Pirk J ill 4t i tt mi t v-trfMi Iet AtKanee of ISYarly 60 Pointh Follows Rather Quiet Opening Bming General i . ii, I W'n 1 111. I U "" t 7 1 "'ii 7 IN New ork Nov 21 The opening of the t-otton market vias rather n'Uet hut almot Immedlatelv after the Initial trmsactlons the market turned strong ind -irtiie moving up to n net advance of ibout ro points The buvlng was nuile general ind Heeined to be liupired h the gliinliiK fig ures of s bsi nni haie- The eirlv adv snee of l0 to i32 poinU wis followed In somewlnt ireguiir flue tuition an i mult of rtallzlng but the market held filrlv steidv It Is teported tint i omo interests which wire bearish nrlier In the week, have formed i more fivorible view of the nnrket on tin prospicts for Increas ing i ports and a belief that aa for i ign ownul potion begins to move abro id tin ii will be Inning to cover hedges 'f not to u pi in the jpot supplies Iluslnm" howtvir wis lompiratlvolv iiuii t with J.uiuatv siiiinp up to J7 S7o ind then ri ictmg 13 rr 17 points It.ieipts at th. ports fir the daj nre tstlmatid it JO lion lulis ipHlnst .'4 2IS Inks list wok antl I'STI Inks list v. ti n i n in .s is 1 111 ,s 4s Vi-tT l rl s i I II i. In 111 I ri tnl r " 'i i .s .1 .s "li 1-ininn ." " .7 1 i .7 sn VI ir h i, sn - nn .' .7 T4 .7 n Mh ..'i . kSii 7iii .7 1(1 27 07 Jul, .1, 1 .imi t tti .tlilil .inn I ast ! 00 elose llleh T.nw p m Advanco Runiely. Sfl'i M'l J.Vi 'Ml Adv Ilumelv pf . I5J hi1 OUi OUt Al-iv Itubbrr W 0-1 C3 01 Alaska Gold M .. 4'i Alaska Juneau... ."4 2'i 2'i , 2 Allls-Chalm Mfg 071, 7H 27 127 Allls Chihii M pf Mi Am Agrlo Chem MIO ICHI 100 100 Am Hect .Sugar 6'i't Ifl olt-J 69ti Am Can 4'i Wi -ll'i 44 Am Car & Tdry.. 8.T1 5t '( SI Am Cotton Oil . 41 Am Hide &. l.ei 14"4 Am Inttrnatioual 6 fij-s o 3 Am Ice, ... 42'-: 41J 41 '1 Wi Am Ico pref ... .1ul Am Linseed . 4(1 10' 40 40 Am Linseed pref fO Am Locomotive . 00 ts'i'a CoU 05)i Am Loco pref lPO'i Am funelt & Ket tS"' blM S" ST Am Sumatra Tob.Kfl'i 10.V: 105X VMM Am Steel r dries mli fM W 13 Am Tol A. Tel . 104'j 101'j 104S Wi'.i Anaconda Copper fiT'i lbJ tS' bSli Atch Top i S F U4' 91' J W. OUl Atch r 1 S K Pf hi' i Atlan G &. V I 1"0 10mJ 100' lOOJj Atl G &. W I pf . Oi'j bT1 i'H 07K Baldwin Loco.. . 70'j bU'i 7UU 71Ji Bait &. Ohio .. fo'i Bill & Ohio pref til CI) 00 00 Batopllaa Mining. Z ".,, Bethlehem Steel C3U 01'j hl'i bl'5 Beth Steel pref . J0 Beth Stl Class B iif CJ'i 10 ; G2 Beth Steel 8-. pf lOj't 104'5 104U 104H Urklvn Hap Tran 40 401j 40Jj 40i Booth Fisheries 24)i i.4'4 244 J4'j Bums Brothers lot Hutlo Copper .. Sit ... ... Btitto S. Superior JJ'i Calumet it Ariz li1 Cillfornii I'.iclt . lT'i Canadlin Pacific lii-t .. cpiitral Foundry l1 IS Cerrn rtn Pasco C 3l'l J7' 37 Chandler Motor 10 J Cheaa & Ohio . ,W. .r." -i Mi W J Chi M S. Pt Paul ls'i IS1 1 4S'j IV 2 Chi M & fat r pf SJ'j Chi . Northvv 11 UH'i Chi H I i l'ao . J-'J ' cnurti Pf ii" s 'S n ii 1 1 p ;i i "i ' is J7 UJ Chllo Copper Chlno Copper Colo Fuel . Inn. '' Columbia G . 13. .)J Corn Prod lief. . 17' Crnilhln Steel . Ti'iJi CO'i Crucible Steel pf, no ,,. ( nha Cano Sugar 31- 3lS ! r-K, I' w,r,r nf IsD'a bU'i SO1 .0'. .) ob't .ISn '.71 a 2.'i b') 00 Jil'i 2U"t JO'i il9U asi .is' 17'i 17'f tO CO 11" 12'j Cotton Huvir ami fillers Sew nrl , Nov Jl Ileeembcl N.wtiiaii 1ml W.itirs offtnd 1 mu irv (,oer Mitchell Slack Par rott md P.os, nberg bid, Hopkins and I tow ns off 1 nil Minh llnsenberg I irrot' and Slgel lid Cggitt schlev Hiooks and F HTruorn offcreil M i lohnson v itirs offtnd 31'i bO'i ""It" ' "- .7.. ...I: ml. Delaware . Hud 1H' "" i1'1' "' ' Dome Mines .. 1 "..,,",'-,. nintillers Set ur It'n IS li1 -' Ur,, 1 I 2 IW. 1B' l-Me 1r.t oref "1 o2s 3J'-i Fed lln A. Stn pf 1J Cation AV & tt .' Jl'i V " ceneral Flectilc I'.l i.meral Motori l.r. 1"! 124 1. Gen Motors pref tsl'i SI bZit si Goodrich B V Co r7h Ciaiibj 1 onol si SI1, SI SI lltut North pf lin UWls 1W) 100 1,1 N itfs tor O p ,11'. .11 olSi v3,1' Crtenc Cm Cop CO', :0 M oO Inter Atrlcul pf oti' j ... ; lnspirition Cop . il fil 1"'! oU 1 lnterborouh Coil b Inter Mer Mar 27'j 27', 2. i .ih Intel Mu Mir pf 112 112'; lll'i I"1" Internat Piper . . .12 liuei Pap pf stil til . ,., Internat Mckel .. uJ' JJ'j 32J 323 lnt Hap lr pf . S2 S..'i blSS Sl Kan Cltj South 10',.. .. K. llv sring fire oJ' Ol'i G2!i C2, Kennecutt Copper is1 a JS'a ,M I lui-li alliv ... 02 (i2'i hi' I Hub A. lire . 2J 2- 22a 22', Ljosc-tt'llis Bis .17'i .h". ' ,'J r, .1 M,...u III. o(IT. -lOt, 'II, Max Mot 1st pf tiJl l oj' -'" 72 I Ml Mot 2d pf . .2'n 21"i 2JI Meilcall 1 ctrol Ik's Ijo ioi'i Miami Copper .. -0 ... Mldvalo fateel .. Ills 4J 4i. W t Mo Kansas i. 'Kx ti'i Mlbbourl Pintle 27' 27!i 27! Mont 1111 Power 77 .. Nat cond A. Lible li'i ,'i ll'i II1 Nation il Hlsc-ult JWl 10'J'j 100 10J New York Curb INDtSTItlAI-S Philadelphia Stock is Aetnn HtpIosIvch Am-Brlt Mfg Am Mnrconl Am Writing Pap'r Air Heductlon Canadian Car fo Can Car & Fdv pt . Chnrcoal Iron Chevrolet Motors Cramp Curtlss Aeropline Carvven Tool Carbon Steel Emerson Phonograph Hendee Mfg Lako Torp Boat Lehigh Coal Ralet, Lima Ijopo Maxim Mmiltionn N" Y Shlpbldg N'or Amer Pip Pulp Otis Elevator Peerless Motor Poolo Lng Scrlpps-Booth Standard Motor Submarine St Joseph Lid Todd Shipbuilding Triangle rilm L'nlted Profit sharing U S Steamship United Motors tt'orld s Film Wright Martin Air Zinc Concent Hid i 2 4' .1 28 n 110 7; 18 7 inn i in i2 80 12 4 30 J's r.t ir in JO 8 1 1 ti 3'4 es eloe Ask (sa e) Vii "S n tYt T4 . i 8n 8 1 '.n rn 8 tin 24 sn 21 8(1 411 tt IS ft 'I 17 rn sn 8 H14 11 mi v, '4 n .ll'i , 1 2 3S B'i .14 194 si Mm on. 281 OIL STOCKS ri V 14 II 'I U nw. 2'. av, ni 1 Illinois . 102 i: Ohio tit 128 Pr.ilrle Pipe 28i mt S O Cat 211 2n S O N J 6111 ftin SON Y 201 207 IMlITKMJbVT Barnelt Oil f. Cip Cosden K ( o 1.1k Bisln Federal Oil . Intel IVtrnl 11 HV4 Hoiihtoti Oil 7f. 77 Merilll Oil .'2', 13 Midwest Kenning lit 117 Mit P'tml 1,', I,", 'Jhl 1 I'm I 1 : 17 . fiklihriui Hi f . s in'. sipulpa Hef . . . 7l4 'i 1U Si quov Hi . . . . . U n Sinelal J I 22 Atl mil . I A Hi fhg I 'ilM .1 I'd IS lliille New V,ork . i "4 on rl7 . I !i IS IS F s A Jeronu S "(, V4 I irt .N itioinl - 2S Goldtlrld Mirger .2 1 3 Goldfltld Coiib 21 22 Coldflelrl Florence .ft II Coldtleld Kewatlis 2 1 Green llonster . r '" Heel 1 Mining AS 'li R'i Howo Sound . 4 4"i, . lndependi nti lead 2 I lerome 'erde . V lfl llm Butlei in II tl luinbo Extension in 11 Mi Mill' v inrrigh n f Ii gm 1 Copper il I- Uti Motlier Lode 11 H ' Mines t o of Amerlci 1 l'v Nevidi Hills . 1 n Ni-vada 1 onder . .. t S Nlpissdng . 8ii; S Ohio Coppei .... 'i S Hav Hercules . IS 1 Sin I"o .... !l II stew alt . . . Ionopih Lxlentlon . IS 1 1 nlted Verdi . . 17 38 tt est End Con 1 Ai I r' White Caps . . .IIS 1S cilngton I nosn Beihlebim 7 ion mos I i.sdtll OH bB .81 811 Cosden & Co 6s 81 8fl cudahv ss . mm, lots Russian Govt 5Ss no ?n flo Russian Govt 6'-s . 70 72 71 Southern Ilallwav fis on 00V4 Sinclair Oil lis . 8J 81 lodd Shipbldg lis 1111 101 LIVESTOCK QUOTATIONS (lileiicn, Nov 21 IIOC.S Receipts 30 nim hmtl su nl to Hie lower than m ,ri't nrl iv n ivirike r i SIT JO heav butih ,, , is M7 7U(i 17 til nndlura ind llhht butch -, era $17 tOO Him llkhi Jin THCHT 111 l&'Slhiivv i irlilin $111 lli'n 17 .'1 medium mil llchl piioklu Slll'IOSf 17 "0 throwouts M'i J (' in - i l VITIh It celpts 20 nun heatl Mineral .. tral ii en lie uirb a lllnir aleulj in nil 754lklnN H cf c l til t-ood iholce and prlmi " 9 I 11 illKj ri 71 common and midlum JH 710 lin Iclrh.r stuck Ini'irs fl Wll.l I iv Ji 4IKM 1 Milkers and ftcdera tend I linei ml tint $1(1 I 11 71 S11L1 ! -llenipn ?t (mil htnd Market wtiikir J'c lower lop limbs M10H M, 1111 IS II lb It. 16 liw 2 ti ni chge 10 ID 71 73 1 1 1 211 20 02 62 a. Vt 20 .Villains jeh 4 Am 11 pf 71 200 Elec Stor 3 1 1 1 Ins C N A 26 170 Leh Val 02 2111 PennaTtR 48 48 484 on en .salt .vt n an -c 2?f E.V'0, S8W SB"' 8 44 P 11 T t c 27 26, JflTi ti 26 I'll Tract 72 11 7- 100 So Iltvy 31 31 -H TB 270 IT G 1 11 inw. intt ii. 32U S Steel 103S loiuj 101S U 20 West Coil 7.1 71 71 -I IS, "f ,, lUllljl ff 01 PI 1 1 Vet IIONOM Itlt-Vl f Jill " Mtnn 51000 Am GatiAL Elec 6s 85 83 81 000 El & Peo Tr 4s 78J4 78Ht ?8', - '4 1000 lnt R 4s 40 10 40 2300 Lake Sup Inc 6n 64S S4H BIS S 1000 Leh V con l'6a '01 OIS f)14 01S M 2000 Leh Val Coal CsIOOH 100Mi 100V4 .. 0000 Leh 1 al 611 w I 102W 102S iOlVt 20000 Lib Bondo 4th4'4s 08 08 08 C00O Phlla Llec lrt 6s Mi,, BliA pt-c, 1000 Span-Am I 6n 100 100 100 Vi 000O Un Hwj Inv 5b 07 S 67 S 07 Vt PHILA. INACTIVE bTOCKS Following are quotations for Inactive (docks listed In tho Philadelphia Stock Exchange and In which thcru were no transactions today The price given Is the labt previous close Acme Tea Co 79 Kc.vt.tone Tel 11 Au GaH 7f Little Schuryl 48 A G tt'ar .. 7'Lt Bros ... 24 Am dan 74 't North Cent . 71 Am Milling 10'4 North Penna 94 Am StrF pf. 90 P N B vvrts 27S Camb Steel 125 Phlla Co pf . 30 ataw 1st pf 62 Phlli & West A 1 itaw 2d pf si Ilwjs General 2 Con Trac N J 6S"j tt' J H. Sea . 44 Fourth SNB.2S0 York Hallway 7U lit & B T . 10 Ttork Hvvja pt 31 lit A. B T pf. If s LOCAL STOCK TRADING IS DULL, ' WITH CHANGES UNINTERESTING" AIOEY.LENDING RAThS KW IOIIK Monev on call mixed pollateril. opened today at 0 per cent for lending and renewing On Indus trialB, the opening rate was 6V& ptr rent rim, MI,riIIA Call 0 per cent; time 5$. 6 per cent Commercial pa per, three to Mx months, B6 per cent, six months, 0 pr cent. Reserve banks' Discount Rales Ofhclil discount rate" a the twelve Federal Reserve hanks were as follows (The first column gives the rates for all periods up to and Including the flf-teen-dav miturltj, the second for a period of sixteen to ninety divs The thlid and fourth lolumns are the rates for rediscounts of collateral Ipans se cured b Government bonds or iio'ce ) Com I paper Gov pipei 10 to 00 11 to 10 IGdavs dava 11 da. a days nostril 1 4 4 4 New Tori! 1 4, I HI riillldelphla 4 4 , 41 Cleteland . 4t 4V4 I A Itlchniond 44 r. 4U 4tl Allanla 4 4V, 1 11-. rllicago I 4 I 4 St Louis 4 4 I 4U Miniieatolls . 4'4 4 '4 SH 1 41 Ian Francisco . 4i n 4' 41 Kansas City . 4', ft 4t 4U Dallas . . . 4'4 4K 3 4 4'i Incrcace in Collon Ginned ttaslilnglnn. Noij 21 The Census Bureau in a report Issued today placed tho amount of cotton ginned from the growth of the prop of 1118 to November 14 nt 8 8fil 001 bales counting round as Inlf bilPb compared with 8,671116 in 1117 and ? 615 001 In 1116 Number of round biles Included this jear is 127, RI2. lompired with 157.711 In 1117 and Id "71 In lllfi Number of Sea Island bales Wm hided this v par Is 24,115 balea against 6S J21 in 1117 anil i:,nmi In nib Mum bi r of merlcin Egvptlon bales included thir cir is 6871 The corrected xtatii tlcs of the quintltv ginned this season prior to November 1, are 7,778,899 bales n.ii i.nim sto 11 ,,, rnnsni Coii l'l'. IDS 10'j l'l'j I nibs ihulie anl prime ill 1 IV 11 on me Nev Consul cop 11 . uj 10 J J dium ul ml J14 Jlsjili 71 culls JI7.10 V V Aie Itrnki' III. . . .. . ip. i ' .... --. -- . L. " I N- 1 Central .. MIS som T)' ,'i .1 4" t.i 47 tn .0 24 1 . bid Mitchell ind . N N h A, U . d7'. HU J7J, .17 Julv- Hiirn.tt Cuild md Monler bid. Ch!,r& , L , , ," 5 ioli ,Z . iwnnn and ttauis offnd N"rf tt'est, rn .Kb'j 1 )ss lOtjjt US i Northern Pacific OS 07 UiS 'n'i Neiv Y01 k Bonds HI. 1 1121000 Anglo Frch 5s 'ir,3, 16000 Am For S 5s 1 1 V, 3000 Amer Tel 5s ifit. J4000 do 6s li 2S 10 1000 Atchison gn 4s Sti1, 10000 Atl Co I, clt 4s - 2000 Bait & O 5s U 1000 do rv 4'.s SI 1000 Bald Loco os u 1000 Brkn U Tr 7s lit 1000 Chile Cop ST 10000 C & O iv 5s 88 v4 1000 do 5s lOOM. 3000 Chi lit tt'est Is r; 4000 C B A. Q gn 4s 87 B000 Chi M A. St V 811 6000 Chi M A St P rfd 4.s 78 J000 do cv Is 90 1000C It IS.P rfd 4s 71 JOOOCits of Par 6s 'i8' 7000 Dom 1 an 1 UG 96' 6000 Erie com 4b ser I J 1000 Erie 4s 7i. 1000 Erie gen Is 6(1 I w .1 m ins '16S li v 1 1 , t6lt 16 it 1021, IiiJJ. Sbls 86 79 ' 71 ', II 'il SI 81 11 .1 , ''I1. J5S 87 87 08 S S8S inns uini. 61'. II 87 87 80 8" 77'-. 77'. hi in 714, 71 J8 SS'ii 16 96 V, Il "1 "b "6 ro 6t) Bank of Fii"lanil Mjleineul I oniltin, Nov .1 lh vviehlv l lit mint of tin liuil 'f I nglind lullovvs Total nirvi .8 17 nun llurei 300 11O11 lirulitlin i.1 JJ2 O1V1 in 1 n isi .v 1 " I union t"r 17iiiii0 in crcasi i"Sl ni 1 .,iher snuritlis 1 1 87 J 000 111 1 1 ill 1 "in other 1I1 posits 11 12 t ". "in Inn it 1 'ibi rt 1 1 public dtp IM E.MI.8UII0 ibilelse tlinnnti r, ,. 1 ntnt ni s,ourltiis til 788 000 Inin ii fllitmo Th. pi portion of the b ink s reserve to li iliilltli s is now 16 r0 p. r 1 nt igilnst It t i 1 t r tint last week mil cornpires with t d cllne from 11 10 per cent to 111. jtr cent In this wrilf list vnr Tht tie 1 nigs thrt ugh tht London binks fur tn I week wi ri 111 ITn 000 Asked ltlt.Hj 1'iT COXtRNMLNT IJONDS hi 1 r isi r I in tu 0 ." un 1 lulu si In r kW re 1 mis no', 1- in n rns rail. 4s r i-lUt n I I 1. llli, ! 1 uim n 10.1 lntl i. r slt n 1 inn s4 1 ui n 1 ml si I irittna .1 ni.tht r i lint is I man 1 -s rejrlht re 1 l 1 is lis 1'inlna t r-klfit rt 1 11 i 1 s I in im 1 1s coup in s Vila- I'ovuler I'av Ftra on Common tt ilinlngtnn, llel , N v .1 rile At- lis Powder Conn 1111 his declared nn . 'ri dlv tdi nil f 1 1 e 1 1 nt on the it ininnn toek in tiiditlun to the regular luirierlv div lerd n . 1 er cent on thi mm 11 u ill Ii. p hcr 10 to stock f rie rd Nov ml , r 1 PHILADELPHIA MARKETS GRAIN AND FLOUR WIIKr Itecelpls IT'l Oil nuh.l Th n irk t waa t rm it former rileit Th f il liwtnif were the uuiti'mns l ir 1 'tn 'n export elevator Government standard Inspection stan lard prlt ea No 1 r. 1 win ter 12 30 No 1 northern spring 12 311 No 1 v.ar.1 winter I 111 No 1 red winter Kir- I licky 12 37 No 1 red Bmuttv 12 30 No I red winter J jii o . n lrinerti .ihiiii 12 10 N'o 2 hard wlnt. r 12 16 No 1 red ' winter carlUkj I.' 14 N'o .' red smutty, i 12 33 N'o 3 red winter I." 1J No 3 north- S7000 Frch Rtn 5SS1U3V Hit' 1 01 W em prlne l.'U No 1 hard winter 12 32 19000 11 Jt M rfd 5s 64t. of 64 N 3 red winter Karll'-ky 12 10 No 3 red ininJ it UTrf Is 81V 81- mJrault) 12 .1 No 4 red 12 30 N'o 4 gar 10000 lnt It I ri 1H HI ' SI "a .si s ni,v t nu Vo 1 ami llv I 7 No 4 10000 lnt M.M 6s 100.. 1II0S 1,1,.. ,'kj--smum 12 sT'S l" red V. A. 1000 Jap 11(1 S l's 88 88 88 So tarltCKy 12 28 N'o 5 smutty IJ 23 1000 Lk S (lb 4s 28 88 87S 88 I No - sarllcsv smutty 12 21 2000 Lob Itonil T4s Oil 01 00 80 llll fti ' I OHN IliceK ts tln.'bushils mdewas 101000 do Hint Is IIH 40 06 211 116 2(1 "Jr ml prices w. re nnmlnalh uni hanged mnnn .ln 1.. in Til (1A Ad (Irt All Quolaltons Car lota for lixal trine tlOOO do 1st 4M 117 7(1 HH (111 VH fill ? .. . ..rnne a nil In Atlon II 11 40000 do iV, 07 88 07 80 07 MO '-"" "" to Brn1e nl ' 45000 do Ut 4S 08 10 1)8 111 118 10 o..s Reielpts 2' 7411 bUhhels The mar IS2000 lln S'l IS" 07 01 (17 80 117 88 kei aa Arm at the late advance but tradt 100000 do 4th IS 08 0(1 08 (in 08 110 is uulel cju lallons were as follows (r aOOOMIriinle. Ea 10 'JII II, lots "' I" 1 atlon N'o . white 82Vi W . oi i . . -.1 .. v. i Linrjo ii. . - r I V til 1 1 niniiiMiii niiitf "',i"st. " ', " , white sll.fis.'c No 1 whin S0frsnl,c - '- UlllR lliselpts 1160 081 pnun Is In 88 88 socks Th. imiket was Arm hut uulel Thi 18 '. 98 14 luotaliona were To arrlvt per 100 lbs in 'is in a.cks winter wheal inn per cent MS 6JS 4000 Mo Pac gu Is 2000 Mont Pow 5s 1- 1000N1CA.H 4s 88 1000 N 1 1' P.H 60 J8', 2000 N V N H &. II cv 3'.s 15. 1000 N Y Hv 5s 19 4000 .V Y V i A. I! 1000 Nor Pac gen 6s 63 S 2000 Ore & tt HA. N 4s 79 4. 1000 Pere Marq 5s 89'. SOOOPac Tel 5s 'ibS 1000 Pa gen ct 4Ss 93 a 3000 Phlla Co cv 5s 1922 9 1 t S000St L"& S F Ser A Is blt 11000 St L & S' I Sei II 6s 81 3000 Sou Pac cv 5s 104 10000 Sou Pai i v Is 85 1000 Sou Pac rfd Is 81 , 1000 3d Ave adj Es 37 22000 I a Rubber Es 85 V. 1000 F S Stl h f 5s 100 1000 L K of CI 11 & 1 f.'.s 1919 98', 12000 l' K of G HA. I 54s new 1'MOIS 101S 101S 4000 V la of O H&I EVaS 1921 98 97 10000 West Shore Is S2. S2' 5'. 51'. n""r lnj1flnri Kansaa wheit, ion per ni ,,., cent (lour 110 6uMo nil sprln wheat 100 " ' 1J per cent Hour 110 05W10 till It was nrm r barrel In e i ks PROVISIONS Itlh Fl ot It , Arm We nuole at ?8 71 71 per barrel In ki ks as to tiuallt 71 89 V. lb' . 94 . 91 '. bV4 79 89 'l 61, S3S 91S 1.4 81 81 101 llll 854 85 HH, 81 4 37 37 81' 85'. 100 100 98', 98' The market ruled steadi with a fllr Jih blnir demand The quotations were as foi lows ( Ity or wistern 1 eef In sets smoked 48c cltv beef knuckles and tenders smoked and sun dried 43c western beef knuckles and tenders smoked 40c beef hams ItlJ pork family I1411 hams S H cured loose 34SiO81V.c do skinned loose. Jilts 864c. do do smoked SSOimc othsr hams smoked city cured as to brand and averace 80H37hc hams smoked west ern cured 364 03740 do boiled boneless file picnic shoulders 8 P cured loose, 264c do smoked 274c belles In pickle according to averace loose 84c breakfast bacon as to brand and average city cured 474c breakfast bacon western cured 474c lard western refined 2". 5f 20c lard purs city kettle rendered 284 0.9c REFINED SUGARS Demand waa onli mndrat, but di- . ! nrnuy neiq on a imam or vc ror nn 37 7j cranulated 8- I DAIRY PRODUCTS Lnernool Collon r llbcSK -The market ruled nrm under j-.lter.ioui ,-,o,10n llslit olterlnir, and a fair demand Quota Liverpool, Nov 21 Spot cotton was "ns New lork whole milk fam fresh quet toda), with prices firm on the, ""W e"'" speclsls higher do do fair to basis of an advance of 15 points for "i ,tr"h ,3r.'',,',,,?1c , Wlw-onsin whole middling, old contract, at 21 lid The ?.like','V.''y 13'3,c du do 'air to good Hales were 1000 bales There wero no I Jiititth orfrrina. were nhi .m .s. rectlDls. Futures were steady In the1 JLVJ''",..,0 i" tr' 'l a.n' .V? early dealing. Spot prices were Amer-1 Quotatlo is solid narked reamer eitras . ' ... j. I nn mr j . .. ' lean, jniumins. tair. mu, kooq inia J! dllnK. tt 7d ; mlddlintr, 21.44d : low mid. Elaine;. 20,Wil: gwd ordinary,- l(87d, c uiu oraimcir. i..uu. I (,(,s I reh kBs w ro uulet but firm 1m uAr, "V , "" Mn''' "tot,h "" " with llchl ottirlnts Thi nuotollons fol low I-r.e .,,, ni rl i firsts S.'n 40QJI n r crate lurrml r. i lots 120 Id per case nr'.ts""."..'.. .nr,"!,'' -" 1nn "l "' "Se .,.. . ." Ji tti per case Inferior lots as'Vo uuali.r l,nd,lY Sl H "J Slo-S S & I Co. 47H .. w rt Jolillm. at 71T7 c i er dozen Ohio Cities Gas . 42) Owens Uot M ich 5s racific Mall Jjv Pan-Amur P A. T 05 I'an-Vn IS r pf 111 Penni ltailroad 4b People s Oas Chic 5(, i'ero Marquette.. 17J Philadelphia Co . d.'J. Pitts .i ttcst Va. j7 Pitts A. tt Va pf 70'i Pierce-Arrovv ... 41S Phrce-Arrow pt .101 Plerco OH .. 17'4 Pittsburgh Coal.. 47 Pitts Coal pref . . bl Pullman Co US Hy Stetl Spring . Ob'. Hv Steel sprg pf flu Hay Coiuol Cop '.M) Heading bb Heading 1st pref . J7JJ Heading 2d pref 38 ... Hepub lr A. Steel. 78r4 ... Itepub 1- A. S pf. li'Jlt... ltoyal Hut tr rets 104 10.1 Savage Aims . .. t0 ... ' Saxon Motor 10 10 10 10 St Louis San Fr 14'. 14!i 144 14'i St Louis Sin F pf 30 seaDoaru Air la. iu. . ilH 4JJs Ua " '. '" . G5 Oo Oo VbS "Us "Ul, o5i 5.j .-.51i J7U"37S "dV.S 477 17,S 17J 171i "7h "l"S '28'i "lL'S'i il'o1 0'J'f G9!4 0')U li "2JS "iMS s a bSi bb. I Ittiliurcli. Pa, Nov 21 1100s! He ceipis ilnil head Iliavhs lis lust IK 11 hea.i vorlcers JIH 21ti 18 11 .llslit porkers and l,i,s lb 10 ll, 71 ' slll.1.1' AN11 IAMIIS Ittcelpts 300 head stead Top sheep $10 tip limbs llfi 111 ( VI 1 LS Itecelpts llln head Steady Top Jill 1 list llunTala, N. i . Nov 21 CA1TI E Iteci lpts 471 head Slow lalvts receipts .0 hi id Fift cents hither ITri.'fl IILK.S Ititelpts 700 hind Twent cents hlither lleavj mlxei anl vorkers $ls 1(1 lll,ht vork rs nnd i.Iks $10illl25 roughs M. i 111 Ml Maits linn II in SHhLP VNI) I, Wills Kicolpts TnOhead, 10crii hither Limbs Slild71. ycor- llnKs I7uU wethers $701110. twes 140 10 111 mixid sheep IKllOltll ( liiilniiiill. O . Nov. 21 HO.Snecolpts "h hull (In transit l.eforo emoil.o went inti. cITecO Hteadj . . I A TTI K Itecelpts lSllll nciu cilvcs slrins H, H Is 21 siKi:i Itecelpts noni Stronj Iambs, strinn SWH IOREIGN EXCIUNGK ?ew lork, Nov 21 The Mtuntlon that has developed In connection with Government control of the cables Lis resulted In bringing the foreign exchange mirket virtually to i st lndstlll In the circumstances quotations are nomlnil fur the most pait Eirlv figuits toiliv were is follows Demand sterling 4 75 80 c ibles IJboO, slxtv-div bills nomlnalls 4,74, nlnetv-dij bills I 72 I'vils nhliH 5 45, checks 5 45S Llro cable b C Jo decks 6 Si, Swiss cibles 198 checks 5 00 Guilder tables 4ZS, (hecks 411, Pesetas riblts 20 00 checks 19 9.' Stoikholni cables 28 00 checks 27 70 Chrlstlanla cables 27 60, checks 27 30 Copenharer tables 26 80 chicks 26 50 Russian cu rency Is reported dull it nominal ,lgjro of jl ipnts BUSK CLEARINGS Pink cltnrlnps todi ( imparcd with cor rispondlns d.tv list two j.irs His loir mm rhlln IM II7U 141 SIS .7(1 010 'i I20R11 Hi slon . h4 K2n 7S7 47SSIKI-, ts s.'l Mill N lurk (111012 147 id4 774 1131 71 1 711 11 I Majority of Usual Leaders Are Unchanged in 'Earlj Trading on Small Sales Westmoreland Coal Advances IV2 Rails Irregular , Philadelphia stock trading was dull during the first half of today's sec slon and changes In prices were generally of little interest. About tho onli' deviations from previous quotations of home Issues which attracted atteti" tlon were -i decline of H for United Gas Improvement and on advance of 1 for Westmoreland Coal Electric Storage Battery, Philadelphia Electric, Rapid Transit trust ce llflcates and Philadelphia Traction all came out unchanged and little interest wan shown In the Street in the announcement late yesterday of the court de' clslon holding the Hapld Transit Company liable for special war taxc3 of to- of its underlying trolley companies 5 Steel common was exceptionally dull nnd ralli were Irregular, PonnsjLij vanli nnd Lehigh Valle each losing a good sized fraction on light sales) while Southern advanced 7s '" Bond business was nulet and unlnterestlnr? & Exchange Establishes Minimum Commission Charae Governors of the Philadelphia Stock Exchange hao established a mini' mum cdmmlsslon charge of llftj cents for buying or selling any security" Heretofore, on stocks of less than J10 par lalue as low at fji. cents wai" charged for handling one share Some .vears ago tho exchange had a' minimum charge of twent.flvi cents, but this was later abolished The minimum charge was made to covei expense of carfare postage, and time, which ii as great in handling oni" share as 100 shares " York Railways Earnings Decrease The October statement of earnings of the New York Railways Company whl'h came out todav, showed a falling off in business, which reflected cup tailmcnt of travel caused bj the influenza epidemic In York County. Grosi for the month was $80 BS3, against $93,524 in September and a decrease o' $12 151 as compared with the same month In 1917, while net was 29,9 compared with $37,014 the previous month nnd a decrease of $20,018 from thr net of October or last veir October Is usualls one of the bpst months of the year for the company,. due to tho large agriculture fair, which generally takes place in Now York carh in the month, but the fair was not held this jear because of th'' epidemic Toi eleven months the compan. reports gross of $982,587, an Increase oi $10 840 over corresponding period of 1917, and net Wat $446,553, a decrease of $18 848 ( ollonsccil Produrts Report Washington, Nov 21 Tho Census Hureiu In u report Issued todav on pottonseed and cottonseed products plices tin production of linters from ugust 1 I'll 8 to October 31. 1918, at 261 JVI 600-pound bales Cities Sen ice Co. Increases Dividend l evr lork, Nov 21 Cities Sen let. Company declared tho regular monthly dividend of S of 1 per cent, pajabh hi cash on the common stock In addl.' tlon, a stock dividend of 1 per cent ot' the common stock was declared. Thi" regular monthly dividend of 4 of 1 per cent on the preferred stock was als Secured: nil dividends payable Feb. ruary i to stock of record January 15, CIIIps Service Compinv has been paylni. Vt of 1 per cent in tock monthly lo addltlon t othe regular Va of 1 per cent In rash on tho common stock, sine! February last Refined Sugars Unchanged ,. New York, Nov 21 Refined BUgarfv are unchanged at 9c, lesp 2 per cent foi' cash Raws are unchanged at 6 055c, The Internatlonil Committee made no puichiscs of raws on Wednesday. We offer subject to prior sale a limited amount of Dayton Power & Light Co. General Mortgage 7 Bonds, due April 1. 1920 Price 99 V2 and interest, yielding about 7.35 Pennsylvania State Tax Refundable The Company supplies electric light and power to the City of D.iyton, Ohio, anil to about thirty-seven adjacent communities; seiving a population of about 250,000. Detailed description upon request. Graham, Parsons Si Co. BANKERS 435 CHESTNUT STRUT ' PHILADELPHIA 102 102 hi kens ri ost. rs Indlun Ittinn. r TurUeis lllt'lKr nelahlnt- I Vj . 11 . er Hl7t-H UOlfrh-r 7111 SIS Pltfe. n. do ),uni ,., r p.lr POULTRY . ' !h, "' . If"u". ,w,ro Hi-liter and prices h"" " "" """, siw.nc.Mi one rent viith d.mtnl fiurli h,iih n,,ntDtinn. 1IS , urlintf I, lUSlltV ItlttJHf .n,ln nitirlnit to ouilltv 24J8c. nu ks IVkln 12STaie. do s'l lln Oeese .'S3Jc i.ulnis nuns; per pair, n" Jl'a 1 in small kulnfiis old Der Dalr. oil p. r ulr. 3033c. -11UK LlKl-.SHh.il whs m f.lP ,,..,,... . H with supplies w ll ined up The quota lions were as fullas Krosh-kllled turkeys sprl,, 4J6 45e oil torn, 4.'e old heiJ r .'"'o,'" n'"''el d'y ricked fancy selected 17c vielBhlnB 4'i lbs and ovar iipler llHic smaller sizes 323oc old rooster dr n!rkl .su., chickens, west ,'ar", ""Kh'h" t'i-' lbs apiece 42 S44c vvelahlna 4 lbs upler. nn 1 over. 35c. "elgninif rtVi lbs apie e 13e weltrhinr "li .?, a"ir 1nwiu nVinguckL'".;;?. aIanla 40c mabi pir dozpn whit ""Kh'ne 11012 lbs per do. 18 H i 60. '.' "11 Ihs per doz ,707 30. do vvelahnu H bs per d iz lesn 5(1. do. Melshlni; 7 Ihs per doz 14 10W5. do. Ji'WiTf-o"'4 l!" v-T in 34. dark JluOftJSO small und No 2 1102 SO. auf'-l OUnB Per '''' 7!ca,1-'3 oW FRESH UlUITS riemand was only modersti but values were well sust lined on cholro stock of most nVsrrlptliuis lollowinir were tho quota tions Ai nles Sew Vork per bbl Fall Pippin W.4 '"Snow, Men hlruTM 60O llnldwln Mfllln Hubbardston M5, Twinl ojme Mrl in Greening MW5 73 various varieties 31 Apples Pennsyl- 1 5 ",',? 2 1', 1''ln'" Per bbl Hen Davis 2 lilffl 10 Oano 45 50 I r.o Htavman Wlnesap Jlfn-o York Imperial M5 50 Apple per S I ushel basket HlUtl 21. do per bushel basket 71e4ff 1 r.O Apples west Jill. , pr,J 2-"'171 lemons per box. J1TC7 Oranges ( allfornla per hoi IdCfll. do Morlda per crate 12 r.Otro r.O Tanger ines Morlda per strap 7li Orapefrult, per ho UBOQI'tl Cranberries Jersov per bushel box Jfpl do do per bbl 17 VEGETABLES The stneral market was quiet aad barely steady Quotations White nolatoes East ern Shore per hbl No 1 n$3 5fl JJp 2. II fi0O5 30 White potatoes Jersev'por S bushel basket So 1 75..0I1 No 2. lOiBllllc While potatoes Pennsylvania, per 100 lbs 2 70JT2 KI fano Macunrla 2 HO iti in So 2 tl J3H 71 hweet potatoes. Jerse. per basket So 1 11 1 25, Mo 2, KII $? k 1(- Slieel IVil.lna. I.a..-ra Shnra .-, n.K.ier ni-uri.is kooiis n..iie.c me latter I per 111,1 NO 1 1 i .04 au No z, 12 roji for iHibblra sales extra tlrsts Ate flrsls I 1 in Cabba.. M-u, VnrLr nt Inn lBAltt (t(lB3c seconds -,71Hc fincy brands of do. Danish seed per ton 1J2W17. Onions prints Jobblni at W0'71c fair to good, tUtf ' vellow per lOOdb bae Xo 1, 1 01.60! Ho. South (Imnhii. Nov in inn head ( vrTlh. Recehts (10011 head SH'-I I' Ititelpts 1.1 0UU lind 1 1 ported 21 IIOOS Itecelpts Xo cars S'ov Jl C.YTTLE Re- Iviinsas City. celnts sunn head HOIll Itmlnts 11000 henil MIh.h,P ltecilpts 400U head Cambria Steel Pays Extra Thf Ciiiibrla Steel Compinj has de clircd the reBUlar uuarterly dividend of 1'4 per cent und an i xtra dividend ot 1-4 ptr cent Hoth arc pajable Decem ber 14 to stock of record November 30. Sinclair Oil llfln 31f 35K 354 35'i Southern Pacific. 103JJ 104 lU3i 104 Southern Itallvvay. 30j 31 30'4 31 South Ilwy pref . 70'f 70 70 70 Studebaker Co... tiO'i 01ii bOH' OUi Studebakcr Co pf. 09 Stutz Motor .... 41't Tenn Cop & Chem 10 Texas . Faclllc . HI Texas Co Jb7 188 188 18S Third AvenUe ... 10', 'tl'i 10J !). Tobacco Products 7B'i &0H 70Jf 8, Tobacco Prod pf 08 Underwood Type 110 Union Ban &. I . 75H Union Pacific 132H 132Js 132 13, Union Pacinc pf . 75 75Jz 75Ja "fiJi Uiuted Alloy Steel. 30;. 3r.i 39H 39'i Unit Cigar Strs. W2H 102J, 102Jf 1027i United Trult .. 142M H'.'H 142M 142h U S Ind Alcohol.. 10JU 10-1 10JH 103'n U S" Rubber 70i 70J 70' 70i U S Sm lief ic M. 48 48 4v 48 U S Steel lOUi 101H 101 1014 U S Steel pref ...lllji HIM HI HI Utah Copper .... 81 ri 80.'. bOM tOH Va-Caro Chem ... CS Wabash 0J. Wi OH OK WabaBh pret A... 3Si Wabash pref B .. 24K ... Wells Fargo Uxp. 75H WeBtern Maryl'd. 14li 14K UK 14K West Union Tel.. 00 00M 00),' 0OM Westlngh E & M. 4JM Wheel & Lk Urle. 10Jj 10K 10J. 10K White Motors ... 10 Willys-Overland . 20' SOU 25K 20 Wlllyu-overi a pi. o Wilson & Co 094 72 Woolworth Co . 121 . .. Worthlngton I . . W Stock Dividend by Tobacco "Products Sew lork. Nov 21 Tobacco Prod ucts has declared an extra dividend of 10 per cent In stock on tho common stock, pajnhlo January 15 to stock of rnord Innuarv 2 71 71 LOCAL MEAT MARKET The following- report of the fresh meat trade In Philadelphia Is furnished by the local -live stock and meat office of th Bu reau of Markets United States Department "S&BFy'.FnESH-Recelpts moderate, lib eral supply of common kinds market steady on irood beef, weaker on 111 lit stock, demand "l0HTBBnS Itecelpts moderate, market steady on ood steers at 24 to 1311. aalea forced on poorer grade at MS tu 118, de mand slow .v--i. e-. -- nn COffs-iKip.sii;....,-....... Jlght cow at IK to 17i demand drawry. VBAIy Hecelnt of heavy calveajlberali market lower at 112 to 1251 demand lurht iviit iritariniM niDaiBr&tni mai ',icUve at 130 to 137. demand Xalr, SALESMEN No one believes in him who believes not in himself. A responsible brokerage firm (a membership house) desires to obtain the sei vices ot a salesman whose past record as to honesty, integrity and successful salesmanship is unquestionable. We feel that a man not now in the brokerage business would best puk our purpose. A man who for the past thiee or four years has had u "hunch" that if tho oppor tunity arose to make a con nection with a responsible commission brokerage firm he could "put it across BIG." One who has family or other responsibilities and realizes that he MUST MAKE GOOD. If you have the COURAGE to make the change and start on a small salary, devote all your time and energy to the best interests of this firm you may write for an appoint ment, giving your past Tecord and references. Don't write if you only think you " can mako good, you must KNOW that you CAN. A 210, Ledger Office. 'I'dietil by the Capital Issuer Committee as not Incompatible with tin) national Interest, but without approval of legality, validity, worth or securitj. Opinions o A1012, No A2007." $7,000,000 City of Philadelphia 412 Bonds Dated November 1, 1918 Due "November 1, 1948 Interest payable January 1st and July 1st Registered bonds in denominations of $100 and multiples. Coupon bonds in denominations of $1,000, which may be registered as to principal. Registered and coupon bonds interchangeable. FREE FROM STATE TAX IN PENNSYLVANIA Exempt from Federal Income Tax under Present Laws An individual holder of municip'al bonds is not required to file a certificate of ownership in the collection of income derived from municipal bonds, nor to make declaration of such income in the returns. Legal investment for Savings Banks and Trust Funds in Pennsylvania, New York, New Jersey and all the New England States, and eligible, in our opinion, to secure Postal Savings deposits up to 90 of the market value of the Bonds, not exceeding par and interest. Price, when, as and if issued and received by us, 104 and interest, yielding over 4.25 Guaranty Trust Company of New York 140 Broadway -5 FIFTH AVE. OFFICE Fifth Ave. Jt 43rd St. MADISON AVE. OFFICE MuWa At. OOtk St LONDON OFFICES 32 Lambert1 Street. E. C. S Lr. Gremner M . 3. W. r A It IS OFFICE Rue else Itallns. 13 TOURS OFFICE Rye, Etlaaaa Pall. 7 Capital and Surplus $50,000,000 . Resources over $700,000,000 Clayton F. Banks, Correspondent 421 Chestnut Street, Philadelphia, Pa. .. .'l z.'m r ir i m fc 8 -fl f fcV t ill ' ' O 'ri L '' J' WiWM
Significant historical Pennsylvania newspapers