, "7 " .( 8, '! t'W 6 Lt i, e ' I TI " fiVE$& $ Vv'- "' L-fblnvestments without Risk lt? :-$ r w &ir im W M It la not difficult to se lect securities that are so safeguarded that risk is practically elim inated. For those who desire above all else safety for their princi pal wo suggest sending for our Investors' Let ter E-26, which gives some suggestions. HANDLER iguflPANY Ftanklin Bank Building Philadelphia New York Boston ffe'l ; iJ8A FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS, UNUSUAL ACTIVITY CONTINUES ON NEW YORK STOCK EXCHANGE Price Movements Confused. With Bulls Showing Less Confidence Industrial Alcohol Advances 15 Points Texas Co. Continues Strong NEW YORK STOCK SALES Philadelphia Stocks High Points in Todays Financial News The New York stock market closed strong after Inegularity. In dustrial alcohol advanced 25 points on rumors of puichase of German dycaiitT patents. Curb movements were genoinlly upward. Corn suffer ed novel e declines. Cotton was irregular. Foielgn exchange continued dull and unintesesting. fco a. Mi . fr E&' tif. w w ITS. E? f WM Lrv; WW &' FOR SALE $1,700,000 I City of Bethlehem ! Water Works 4ii Gold Bonds t Series of 1919 I The City of Hethlehem offer for sale its ' bond Issue deslsnated Water Works , I Gold Uonds, Series of 101D, ' In the um of 11.700. 000. consisting of coupon bond nf tho i .71 t-ilnn nf tMUl nr IinOll a. ih. ...... ' chsser miy prefer, bearing Interest af tho rate of four and one half per centum iVi) per annum, free of taxes other than su-ccs alen or Inheritance 'apn dated Tettrutiy l 1910, and mnturlnp; nt various dates not Je., thsn-flie (1) nor more thin twenty-nine (20) jers from the (lute thereof the Inter est belnK pnjnble eiemlannunlU a, evidenced by the Interest coupons the-etoin'tached Bids for tho purchase of the Vhole rr anv portion of the Issue will be received by the1 tmderslRnert un to nnd lncliidlr.it 7 o'clock P 3d.. Mnrch in. 101!) at his omre In the .Municipal ButldlnK. US II llroad street Bethlehem. Pa .for pre-entat.on to the Council of said Cl'. All h'ds must be ac companied by a certified check In a sum equivalent to two per centum (2) thereof, payable to tho order of the Cliv of Ilthle hem. No bid will ho considered which has tttached thereto nny condl'lon other thnn that It Is subject to the locality of the I The Council of the. Cltv of Itelhlehem e- I serves the rlcht to reject nnv mid all bids. ' JAMhS R .winnws. Superintendent nf Accounts and 1 Ina'.ce of the City of Bethlehem. Pa Mesj Titrouns cry ciem New Wl, Match 13. -The tork market maintained Its huge oliimc of business again tuila.v. making the fourth consecutive da on which mile iMsxed the mllllon-shaie mnik. With the heavj volume of busi ness, pilve movements were confuted, anil there was Indication of de ctensed conlldcnce on the part of man who had been )erslstcntly bullish us to whether or not further advance can be cstabllHhed. Many stocks duilnt,' the dav mude gains taiiRliiB from 2 to mote than 15 points, with the greatest Hdvanro i t'nlted States Industrial Alcohol, that stock rushing 'up 1 point and more at a time between sales and making a gain of mine than 1." points to above 140, with some of thoe loqiemed In the ttadlng telling friends that the movement was based mi knowledge that the ompan had at ranged for the purchase, of nil the (ieiman djestulT patents .ind that It would devote most of the facilities of Its plants to the manufacture of d.vcs and make Industrial alcohol slmplj a li -product. Testis Company made an udvunie of mine than fi points to 311, Inn lost this gain on a leaction In the late ttadlng There was an Inter lug new featiuc In the admission to the list of the Ito.val Dutch new sUx k which bad been ti ailed in on the Curb, closing there esterday at S.-.'A 1'od.iv on the exchanged It advanced to 8., while the old stock, i ailed the American Shares, dropped from 5 to 9214. 1'nlled States Steel was tiaded In on a large scale all thiouijli the d,i. one house selling 23,000 shutes on a single older and putting the ' stoik down fi6m 'Jl to So. Other steel Industilals were irregular, r.nilwa.v Slcel Spiings molng up more than 4 points to S2H. while Bald win Locomotive and other at the issues, after making gains In the llrst hour, reactid later in the doj Mexican I'ettoleum advanced 2 points to 189 and then dtopped to IS,") The bond ni.itK.et was without ptpnounced feature, dealings In the general list being small in volume and without material change in prices. Previous close HUh Annnis Kxprett... 3U!S Advance Ttumely.'SO Atlv numelv pf... fi.IJi AJnx Rubbtr .... 74 Alaeka Gold M.. .'Jjj Alesitn Juneau... "U Allls-Chnlm Mfj. S:,i Allla-Chalm M pf. DO . Am ARrlcul Chem.lO.Vi 100 Am Beet Sucar.. 73M 7.'t'j Am Can 47H Am Car & Fdy... OVi Am Car &. V pf. .lir.h Am Cotton Oil... 15! a Am Drug Syn.,.. lilW Am Kxpress .... 80 Am Hide & I.ca., in lv Iist 2f?i 04 1 6' J 3'.' 2'1 3. ! 03! i 13 mil Am Hide & 1, pf. 9!l!i 100! 1 7o 104'j 73H 47 92 'ia'. 13 18' 'J !8i 4li'- 03 (0 47 25.' i 034 73 Mi 2i 35'i ioou 73)5 48 'is! U!i !8! on 47 0.1 I 8,',' 47 07 l'i 0 OS. I US' i 'so 11U 38' i 12 (1!j 'iiji 2!i 117 107) i h7.. 10JJ 121 12 oi! i Local Industrials Only Our policy is to offer for sale the stock of nearby manufactur ing corporations -whose earning capacity and executive manage ment, nfter investigation, have proved to be beyond criticism. A dividend producer of unusual merit presents itself at this time and wo will be glad to furnish details. Bcnner & Company, Inc. Widener Building Philadelphia Ftranifhcs in Pennsylvania READING. YORK, LANCASTER NEW YORK STOCK PRICES ARE MIXED GAINS NEAR CLOSE Am Ice 47 47 Am Ice pf 03 03 Xn International. 07Ji (!' Am Linseed 47Jj 48 Am Linseed pf... 01) Am Locomotive.. 07i G8' 07U Am Maltln Ui Mi l' A M 1st pf o of d. CO 60 CO Am Smelt & net. 70 C'Jt Wf Am Sm &. Ilof pf . 105 lCS'i 10j Am Snuff 115 Am Steel F'drlcs. hGU 80 8.Vi m Unirji- tl.Hn iioif I Hi'.' Hi) Am Sumatra Tob.UGU 11 'i ll5'i l)5i Am Tel & Tel....l07!l 107!. lOO'i 100'i m Tobacco L'10 210 20Ui 200 A .i H-nK t.f no.v 1 f ITltA . .. ... Am Woolen CO 00 OC'i 05! Am Woolen pf . . . 102 Am Writ Paper.. oO Am Zinc L & 3.. 11!! i Anaconda Copper. 02 Assets Ucallzit'n. 2 Asso Dry Goods.. 24! J Atch Top & S V. O.lii Atlan Coast Line. 07 vti niiif & W I..1QS! Daldvvln Loco.... rK! Halt & Ohio 4.i;i Bait & Ohio pf.. (0!i..- n.mll fn lOOU 12.1 Barrett Co pf.. 114K 1141i HJJi Hf'.'" natoplkia Mlnlnft. IK ! '; ' Bethlehem Steel.. C8Ji GG'j 0!1!i Hi'l Beth Stl Class H 00"i 07K 05 00 i Beth Steel 8 pf 104J,' 105 105 Wo Booth Fisheries . 10Ji Uikl.in IMIson 15. 00 . , Brklyn Hap Tran. 2-1 24 2.1'j 233 Burns Brothers. . . H2,f Hutte & Superior. 10!i California Pack... 67 Callfornl.i Parol.. 27.i Crllfornla I'et pf. 7-J 00 'm 12!i 02 '2IJ, 0.i.' 1)7 100'. 80! 1 49! i I Previous I . .. closo Hlah liw Last Stutz Motor .... C2J 51J i'0'j rl ' Superior Steel . . . 30J( , , . 1 renn Cop & Ch... 12H 12' -t' ", I 1'oxas Co 2i7oi4ji208 "14'jl Texas Co ful pd.200 20i' 207 207 l.'xns & Pacific. 3Jfi i2'i 32J 3 Texas & Pne L T. 270 t Tobacco Products. 87Ji f-8U i('i 87't Tobacco Prod pf Klljf 101 101 101 Tobacco Prod rts. 0JJ OH ' 0U 0s Third Avcnuo ... l,r,i Transuo & Wms.. 30 3) 30 130 Union Bae & Pap. (-2 Union Pacific ...l.'ia'i 130 12,)'i 120! Union Paclflo pf.. .73 73 73 73 Unit Alloy Steel.. 41f 42'i 41! 42' United Cigar Strs.l34h WA'i l."2Ji 132i United Drue ,i..,102H 102 102 102 Unit DrUg 1st pf. hl'i Unit Drue 2d pf . COJi 102 100 17 1 1 1 AH 173 11 11 11 214 24 21 I" 18'i 18' 127 140)i 133 32! 32 32 ill.' .-!!.' kH. ill?! 112 01 avi 40;,- 61 United Fruit United His Inv. Unit Hjs inv pf. . U S C I P & p. .. U S Ind Alcohol.. U S Realty & Dev. U S P.ubber U S Hub 1st pf.. U S Sm n& SI... U S Sm It & M pf, 8Ji Soil U S Steel 10,'i" 0' U S Steel pf 114,'i.. Utah Copper .... 7fllj 701 Va-Caro Chem ... o7U C7) 'a-Caro Chcm pf.112 . .' Wabash jjjf VVubash pf A.... 35H West Maryland... HJ., Western I'acmc.. West Union Tel. . "M "CBtlnRh K & M.. imu wnue aiotors 07' 1 Wllls-Oierland.. 074 w"IJs-OverId pf.. trh'i wllson & Co 40)j Woolworth Co.... Worthlncton P... 121 112 CI l't'i OC'i 100 173 11 21 10 140U 32 2' 112 r,Vi G0' . llleh Low 10 Am Gas 60 CO 30 Am Smelt 8 68, 190 Uuld Loo 80 4 87 8 B & S t c 69 61) 165 do pref. ,5174 51 Ti Cam Iron '41 41 670 Llec Stor 02 fit 825 Lk Sup C 20 V -'0', 110 Leh Nov. 69 'a 09 1,4 364 Leh Val. 6b 5B, 7 Lit Schuy 45 45 10-Mldvale.. 454 45 200 Penn Tr. 3, a fc 315 Pcnna Kit 45 441 24 Pa Salt M 84 83 ;4 171 Phlla i:iee 25, 26'i 230 P It T t c 25 24 7 45 Ton Bel.. 3 3. 3 4. CO Ton Mln. 3 3 241 Un Tract 31) 38 & 40 U ( I... 72U 72 if, 1770 U S Steel 97k 90 1 0 West Coa I 7.1 ',4 7 3 14 404 XV Cramp 87 80 IIO.NKH IlKh l.otr Close 66 68, 88 4 69 517s 41 613 201-4 69 4 557 45 45v 34 44 7 84 25 , 25 34 3 39 !2W 904 73 - Net chffe. 1 -1 n?4 8! i 34H 57! i I 8! J Jlh 21'i 20Ji 20!i 203a S8J- 80 80 80 iMi idii 4,r; 'Vi H-tii M'i 53 C3!j H i8 2 ." 2:.. 02U' 02U' 02U D2W 0'i .J4 n H'4 124!i 124JJ 121 I2H4' ?30UAm Gas& Llec 5s. 86 3000 i:i & Poo Tr 4s.. 70 6000 Leh Val 6s 1928.102 3650 Lib Bonds 4th 4 Vis 93 96 do 2d 4s. 93.30 do 1st 4s 93.80 do 314s. 98.30 do 3d 4i ... 95 00 6000 Phila Elec 1st 6s.. 9374 200jneadlng Ken 4s.. 85',, 5000 .Span-Am I Gs ..101'4 6000 Un llvvy 1000 Un rtvvy Inv 5s 68 '4 8G Close 86 1H Not inse. 650 100 60 2200 102 102 4- i .30 93.60 93.20 93.80 98.30 94.80 93 74 854 101 68'j 93.60 93.30 -f- .10 93.80 1.50 98.30 .. 95.00 .10 93 74 851, 101 Vi 05 04?f 01 01) a BUTTER, EGGS AND CHEESE Pf nrlnt: Tin ft iMiVic ,riti 11m 10 67', 74,'i Canadian Pacillc '103U 103 183J .'05i :0) 74 1GJ 10 57't '.Oi.- 74!' 103 New York Bonds Leaders in upswing Oils, Alcohol. Food mill CI1cn1ie.il Groups Steel Acthe nrli, March 13 The New oris todaj s slock of lkS. Income Tax Rates Are High Don't Overpay We specialize in preparing and filing returns, auditing and clos ing books for corporations, firms, individuals, estates, trusts, etc., and use will give you the benefit of every allowable deduction and credit that will serve to reduce your taxes. ..llrA.t """" ' -o-s t Washington Sir Parr 3 ear nt Plillnelphli. with the Interns! Revenue llureau HAAS & CARR ruhllc Arrountnnts lounhrl on Feilerul Tnxatlon Pennsylvania Building Spruce 913 Philadelphia, Pa. Open Kienlnzs 581 I :p, ii - ! WT yEw income Tax Returns mi S'ia'V fktf v,t ,WE EXTEND A CORDIAL INVITA. ISrW TION TO AVAIL YOURSELF OF THE El' SERVICES OF OUR STATISTICIANS IN THE COMPILATION OF YOUR IN- LJJ5L COME TAX RETURN. B,- BAKER. AYL1NG & YOUNG W' LRND TITLE BUILDING m$ft BOSTON PHILADELPHIA CHICAGO Spruce 343 Race 2553 Canadian Municipal Bonds Bought Sold Quoted FINCKE, BANGERT & CO. Franklin Itunk Ulils.. rhlludtlnlils BOSTON NCW YOItK KECkERfCft TH ft C1IKSTNDT ST 1 Ucmbers o( PhlUdelpbl Nvv KvenltiR Kun s review tn.iike follows Prices In ioiIrv h. stock market were I h Bhlj Irrecular In relatively restiicled tradlnp It was In fact an oft session which bore, nevertheless, every indlca- 1 tion of strong bullish sentiment by the I manner In which the list teslsted H""es- sure and by the circumstances that busi ness turned dull on the per ods of tie- I cllne ' The optnlnK was not much changed, but there was ,1 good display of strength ! the end of the firt hour, the leaders I in the upswing being, the oil .alcohol, food and chemical groups and certain specialties and Individual shares in vvhch pools were operating nr which vveie under influences local to tbein That movement soon lost Its vigor, how ever, and at midday new chanpes were narrow, with here and there some pres sure In evidence. I The decline was progrosslve In the first half of the afternoon, United States Steel dropping back below 9G, after hav ing sold earlier about !j7 Some Of the quipjiunts shares were buoyant, notably riailwaj Steel Spring, because of the meeting of the equipment manufacturers with the railroad administration In Washington for the purpose of finding means to meet defeind payments on lallroad eotilnment contracts as deliv ered estimated at not less than J3II0,- iiuii.uiiu uverjiiimg pointed to a speeaj nrjustment of the matter until a new session of Pongrefs can put through requisite legislation or the roads them--elves can make arrangements for loans vv 1th the hanks The result was a lomfortabje feeling that, the problem would be solved satis factorily and this feeling had the ef fect of Imparting a good undertone to the industrial lis.t The announcement that the Vletorv I .cm campaign would open April 21, and strong intimations that the Interest would be at least Al per cent, If not larger, vvtxe Items of wide interest. 1 Indications of an early peace and the ability of brokers to get reasonable amounts in loans formed the basic ground wcik for the market's stahllltv. even when, as todaj there was a strong ! tendency to take profits. The sleei issues were disposed to be heavj, and the. toppers likewise The tobacco slocks . were subjected to a good deal of pressure throughout. Texas Company and L'nlted Slates Industrial Alcohol made the most expansive movements, the one crossing 214 and the other 13.1. American fan I l'nlted Slates Iltibbei. I'entral Leather 'and Corn Products Refining were bid up In good stjle , The rails were llghtl.v dealt hi and suffered quite severely at times, although it was not ilear that there was ans lonceited movement to sell In that quarter. . Call loans were quoted at t'-i to 3 1 per cent, the latter the tenen.il late ' Time funds were unchanged lorelgn exchange was quite and generally easier 1 Krancs declined a half centime ftom I I r. 48 , francs to the dollar to 5 4'.u4 The lian'n of Ungland weekly statement disclosed a ptoportlon of tesetve to' liabilities of 111 60 per rent against I 18 50 per cent last week. Bullion hold-. Inns of that Institution gained .r.,900,00u. I 1 carrjlng that Item to 4 12.000.000. Cotton was unsettled with a firm! undertone .Match options earli, ad- 1 vnneetl some 200 points due 10 short 1 toverlng In Liverpool, but later reacted 1 about tho same extent Com and oits were weak 1000 Alaska CSold cv fis, Ser A . 31 5000 Am Agr cv 5s 100 302000 Anglo-Fr 5s . 97 M 2000 Ar H & I. Cs 100 12000 Am For Sec 5s 99 ) 5000 Am Smelt 5s 91 (1000 Am T & T 6s 90a 2000 do Cs . .103 Low 2 10 2000 Am Wr P 5s 90 20011 All Co I. 4s. 83t hOOn Halt At O 6s. 80 Vi 1000 do 4s 77. 1000O do cv 4 lis. 77- 1000 It & () P L. i: & XV V 4s. 72 100O Can Gt 5s '26 96 3000 do "31 . . . 97 8000 Cent Lthr 5s 96". 2000 Chile Cpr 7s, 107 3000 Ch & O cv 4 4s 78 2000 Ch & O cv 6s 86.8 2000 Ch At Alt 3'.s 3G, 2000 Chi fit West 4s 60 lOiiiiChl & Nn 5s '87 99 10000 Chi It & Q 4s 95 2000 Chi Mil & St P rfd 4,s 7014 3000 Chi Mil & St 1 cv 4.s ... . 77 V4 19000 Col At South 4s 87 119000 Cy of Par 6s.l00 1000 Cumberd Tel 5s 93 1000 Kile c 4s S B 47 2000 do Ser D 50 23000 Fr Ilep 6-sll5tV 10000 Hud & M In 5s 16 2000 Interb .M 48 36 600U InterltT ref of 7'-4 100O Int Mer Mar 6s 98 4000 Knn City So 5s 84 2000 Lk Shdeb 1s'31 86'i 1000 Llg & M T 5s 91 4000I.orlllard 7s . . 1 1 2 V. 239000 Lib Bond 34s. 98 60 1064000 do conv 4s. . 93.70 178000 do 1st 4s . .94 50 773000 do 44s ... 95 18 83000 do 1st 4U . 94.60 1029000 do 2d 4 Vis . 93.84 1147000 do 4th 4 Us 93.98 14000 Midvnle 5s 86 5000Mlnn&St I. 4p. 45 24000 Mo Pac gen 4s. 61s 1000 X O T & M 6s 96 1000 Niagara aFlls Power 5s. . . s3 2000 XV C & H en 4s 75 5000 do 6n 98 '8 10000 do 4s . . . . 82' 1000 X Y City 3'2s Xov 1954 . 81 's r.OOD X Y City 4s 58 91 3000 X Y Hvvy 4s . 43 4 1000 X Y T gn 42s 901, 10000 Xor Pac 3s . 59 ?s 1000 Po gn ct 4-s. 8Ci 5000 do en 42.s.., 93 105000 do 5s '68 . . 953 3000 Phlla Co cv '22 91 1000 Plj Serv X ,1 5s 78 22000 Pierce Oil '24 9335 3000 Perc Marq 5s. 84 10000 Reading 4s 85 2000 Sinclair Oil 7s. 9G 10000 San A & A P 4s 96 "8 A 1. ad ds 49 31 100 'nf. 100 ' 99 V4 914 90L.J 103 90 83 ' 80 ',2 i 1 J7V. 90 971 96V4 71 lis 5U' 07). 71 12JJ 5') S's 31 100 97. 100 Vi 99V4 91 V4 90ls 103 90 8314 80 14 J7 77 96 97 , 9GV4 107 ,107 78 78 86 36 60 99 95 70'j 77 ',4 87 Va 100 A 93 47 50 Vi 105 ft 16 36 72 98 84 8ti; 'U 112U 98.52 93.64 94.24 95.10 94.60 93.78 93.92 86 45 U 61 96 86 36 60 99 95 70 2 77 , 87 100ft 93 47 50 105ft 16 36 72 98 84 si.',; 91 112 98 fill 93 66 94.32 3D1 38V I ) V6V, '.' '!! Caso (J I) Co pf. UJ Cent Leather Co.. 08 Cent Lea Co pf..l05!i Chandler Motor... 127 Chc-a & Ohio. ... 50M Chi (Jreat AVist.. tM Chi Gt Wist pf.. W, Chi Mil & St P. . 40 Chi M & St P pf.. 73!i Chi At Xorthvv'n . . 97 'hi A: Xoithw pf. 132 Chi II I At Pac... 25 Clllii' 6ro pf 0(iii C It I & P 7 Pf. 'Ti Chile Copper .... 18.' Chlno Copper .... .'14. Jlov C C At S L.. L4!X Colorado V A.lr.. 4Ha Colorado South... 1G Columbia G & E. 4514 Consolidated Gas. 95Ji Continental Can.. 79 H Corn Prod Ref . ...49.'f- Corn Prod Ref pf . 107 Crucible Steel GTt IS'i CO'i Crucible Steel nf. 05 Cuba Cane Sugar. 135-i Cuba Cane Sug pf. 74Ji Cuban-Amer S uf.l7Wi Distillers' Secur. . 02 Dome Mines 13 Elec Stor Bat b2 Erie 175J Erie let pf 30 Fisher Bodv til C.nstnn W & W... i'2 General ClBar.... 3! 125)4 59 8SS GUJi 77JJ IS) J 31U 41 J 1 45) i "sbh t2'i Oil 77 lb1! 34!i 251, tth -7l) , 50)s 2VA 75 "C3 J3 "1H '29) G2 54 74 Si 41'i L'7 45)5 79!. 51)2 'C7.'.' '235i 75 New lork. .Mnrcli 13 IIUTTI'll hluher und llrm lli-ielnts. ii.aim .i,. 1 ,T,. '!." i '4e, eMrus, .-,lf(i.-,mr tlrsts, . (eccimls. A.IW.I-r. stHle dairy, Itnltfitlfin 1 rnninori i-.ffm.. ..w.,.-.. irrrKUIlir KeCel)lB, 3.,,71, inses l.xtrus 4afM1Up, extras, firsts. 42'4e tlM's 40V 5(41'2r. semnils, mlHtlr. rllrtles .n.L .inc. No . anwast: he1ks No 1 Him.-i,e, No 2. .14W3-,e: slHte and neitrbv hermerv whites 30fr37c- Bathereil whites, I2W4 ic, rarlfle coast whites. 42fH4."r west ern and southern whiten, untherp.!. 47... ttn , henner browns. 424."ci mixed eolnrs, 3 . lU'rt.C CUKKSi: Arm HeeelntR 3nn-, boxes . Stale, whole rnllk. co'or. speelsls, aoijlan." flat turrent make, whites, .IJ'ie llnf rur rent make, eolorcrl, nvernffe run. 32tJ32,.f, current make, whiles, average run, 31a. r'f 32c twins, mrrent make, specials, 32', f Tc.'lTc NEW YORK COFFEE MARKET -New XorU. March 13 The market for coffee tutures opened firm today, un changed to an advance of 14 points Trading on the call was quite active, with transactions reported In July, Sep tember, October anil December. Todai's unen 14 iis 14 nn 11 v. 14..-.S 14 111 14 2.1 PHILA. INACTIVE STOCKS Following arc quotations for Inactive stocks Hated In the Phlladeipnla Stock Exchange and In which there were no transactions today. Tha price given li the last provloua sale: Pf. Alliance Ins.. 19 Am Mill .... 10 Vi Am 11 ys pt.. 65 Atner Stores.. 28 A G war .... "Vi Brill J G .... 39 Cambria Stl.110 Catawlssa 1st pref 4t Cen P Rvs.109 Con True N J 6i Leh V r Lit Bros Mlnehlll Xotrlstown .. Northern Cm North Penn . Pa Warehse.. 75 24ft 52 1 71', 4 ti 37 Penn Nat Bk.279 Penna Nat Bk war 11 Phlla Co.... Kb LOCAL STOCK TRADING QUIET, WITH CHANGES SMALL AND MIXED , . 1 Storage Battery and Lake Superior Lead Home Issues, the Former Losing an Early Gain, While the Latter Holds Firm v m TiadlnB was on a fairly broad scale today on the Philadelphia Stock hxchange. but. following the general trend on the big board, price changes were mixed. With few exception, however, they were small and without special Interest, The majority of business In home share? was In Rlertein ninran. tj. Lfl tery and Lake Superior Corporation, but neither of t)icse Issues, which madeM up such a large proportion of yesterday's turnover, wno viiii.. .i.. ' The former yielded 1 point on realizing early In the day, but later turned ttpwald and Superior advanced for a fair gain. The largest amount of trading was In United Stales Steel common which was weak. Mldvale also yielded widely, but Baldwin Locomotive' on a small turnover, was higher. Halls weie not active and took no definite course. Ppnnvivni after a fair gain early, turned downward for a fractional loss In the after noon, wane benign valley held a small advance and Buffalo .and Susqu.k I hanna certificates were unchanged. M Lehigh Navigation moved up slightly, American das gained 1 point anT William Ciamp, although up more than 1 point before midday, yielded a good part of the gain. Pennsylvania Salt was off H and Tonopah-Belmont declined a trifle. Othec home Issues held fairly steady around their previous closing level, In the bond division Lehigh Valley 6s showed fair activity and were a little higher. LOCAL MEAT MARKET The followlnn report on the fresh meat trade In Philadelphia Is furnished by tht local livestock and meat orrice of the Tlu reau of Markets. United States Department of Agriculture: .... , FKKHH HKKF Iteeelpts moderate: mar ket steadv, Uttlo better feellnit: demand fair. BTKKUS Supplv moderate: market stcatl to llrm at 22 ton27: demand light. COWS Iteeelpts moderate- hulk common and medium rerades; market dull and drazey at 17 to $23: demand slow. VI2AI. Supply lloht: market firm at yes terday's prices at 114 to 12(1; demand Rood. rotlK Heclpta llnht. murket strons at I2H to 3l: demand fHlr. LAMPS Iteeelpts llirht : market strong; asklnir 1 higher at 2K to $34: demand good MUTTON Receipts light: market firm at $10 to $2,"i; demand good. Ccrn Ex Na Bk.360 Phlla C cup pr 36 2I.' 77 ' .. .. .tulv o'w I flenteii tier Ortobi r re ember January Manh ... Yesterda's cloe . . 14 nn .14 .13 V 14 2:. ,. .' .. 14.20 h, Penn It It 85 lirle 16V4 Flrb Asso . ..285 Frill St N B.310 Cen Asphalt. 06' do pref . .. .100 Hunt A B T tu 111 & B T nf ! Ins Co of N A 28 Vi Key Tel ii Key Tel pf .50 Leh Vat Tr.. 20 Phlla Kl ww 2H pniia & west Phlla Trac ... 07 V4 Rwys (Jett... i Steu Tr & T em t'n Coa of X J.188 Un Pas live I5u Warwick I & S 8 Welsbach .. 41 to West J & S S 43 York llwya. . 7U York pref. .. 31V4 GOVERNMEJST BONDS nid . I'anamn iouiniii n, iui. i ' Panama registered 2s. 1030.. 1)7 1 Panama coupon 2s, 10.T .... 07 ramma regisieren xs .jimn.. iit Panama coupon 3s, 1001.. .. 87 Pansmi registered 3s. 1001.. 87 Philippine 4s. 1034 no Philippine 4s, mill On Philippine 4s, ltnil no IT S Oov coupon 2s 11130 07 . II S Oov registered 2s 1030.. 7, IT S (Inv coupon 3s 10411.... Rl U S Oov r-Blstered 3s 104(1.. Ml f S (lov coupon 4s. 11)2.-1 . 101 IT S Oov registered 4- !02T . int pij.1 t,f rvintnh " l.nts m?4 07 (,Vi 1J "7h Ulj 32 S8!i 03 U 17JS 29Jj 02 32 C3Jj 16H , Ropublir Iron & Steel Has Good Year 1 The Inrome account of the Tlepubllc i Iron nnd Steel Compnny for the year end ed December 31 tthovv net enrnlnKH of S18.177.046. against $28 321.71N In 1917. Tho total profits were cons'derahly In cx ,cess of normal, being J18.00f.,814. while the net profits after nil deductions for taxes, depreciation nnd Inventory shrink age, were $8,530,116. and the halnnce i available for dividends was $7,731,033 Asked 1)3 OS 92 02 Oil tin na 02 03 intv, inssj inn LOCAL MINING STOCKS TO.VOPAH STOCKS Jim nutler MacNamara .Midway , Mlzpah Hxtenslon Montana North star Rescue KuH ..... West End Hid .311 .4 .31 .on .17 .(!" .08 Vi ooi.nriEr.u stocks Atlanta lllue Hull Hoolh Crackerjack ... . Dlamondneld H H Daisy KeviAnas Oro Spearhead ....... Sliver Pick ,01 .03 .18 .OH- .01 .02 .0.-. .01 .in .on MlSCEl,I,ANnOUS Arizona United ,. Nevada Wonder Tccopu Mining .. .21 .70 .12 .30 .76 .14 CHICAGO BUTTER AND EGGS Dilrago. Merch 13. nUTTEn Receipt 21(13 tuhs Firm Extras. 38c; firsts. BSe) .i7'Ac. seconds. ."OflTiac. F.OOS Receipts, 0802 cases. Firm. Flrstr 3Si4e: ordinary Prats. 38c. '" DIVIDENDS DECLARED Victor Talking tachlne Company, nur ttrly of 5 per cent on common and l ptr cut on nreferred, paMtble April IS to tuckholilcrs of ncord March 31 Amerkan 0,h and Electric Company nuartt rb of 11 per cnt on preferrtd pay able Ma) 1 to stock of reiord April 18. Julius Koser Company, uuarterly of 1i per cent on first anil second preferred: pay able May 1 to stock of record April 21, and quarterly of 2 per cent on tomtnon. pauble Aprll I to siock oi recorn jiarin o Pepubllc Trust Company, quarterly of m per cent, payable April 1 to stock of reiord Mnrch 20 American Agricultural Chemical, nuarter- lv of 2 per cent on common and quarterly of Vh ner cent on preferred both piyablej April I;, to sto"K or record .viarcn :m Phelps Dodge Companv, quarterly nf $2 .0 rt Bhare. payable April 2 to stock of recon Maich 2 New River Companv. quarterly of $l.r,0 on preferred pisaMo March 28 to stock of record March 20 ERNST & ERNST TAX SERVICE AUDITS AND SYSTEMS .-, PHILADELPHIA 7C23-2024 LAND TITLE BUILDING, Talephona-Loeutt 2681 NEW YORK BOSTON CHICAGO PITTSBURGH ST. LOUIS CLEVELAND TOLEDO CINCINNATI DETROIT HOUSTON DALLAS MINNEAPOLIS funeral T'.lectrlc. . 159!n 1GSH 158 General Motors.. .100ji 1025a lCUiS lOUj Cen Motors pf... b"1 bU bvU b'- Gen Motors cb.. 85U f0 iiU kCli Goodrich (BF)Co. OSJi 04)1 14 i'A'.i ,bfi 5uj 44Ji 47 5H 20 15'i C0h C2)a 00 118 Granby Consol... Great Northern pf. Gt N cfs for o p. Greene-Can Cop.. Gulf States Steel. Hnrtman Corp... Haskell & Barker. Insnlratlon Cop... 25 J4 I Interborough Con. "n I Interb Con pf.... g Internal Agric... gDy; I Internat Auric pf . ...'? i inter Hirv new.. c."i ' Inter Mer Mar. . . 26' "C ' Inter Mer Mar pf.lOTJi 00'i 08 09.U 71 I 71 1'4 93.'. Ul MJ. 4bti 43h' ish 43h 4yj ... il'i i(li 47 5J fl.'i 5J ffiJi 25' i l(8Ji 107 2Ul 21)i 2000 Seal) 12000 So Pac cv 4s . 83 ' 10000 do 5s . . 103'- S000 South Itvvy 4s &U 1000 T St L & XV 4s 47, 13000 IJ S Ilealty Br 71 : 13000-U S Rubber 5s 87 4000 L' K Stl s f 5h.100 100 C00O do s f rep Ds. 99 "i 99 1000O 1'n HJR & P 5s 80", 10000 Un Pro 4s.. . 8fi', 10000 do 6h . 103, 18000 V ICof GUkl B'B 1919 .. 99'i 3000 do r.Us 1921, 98 21000 do K'js 1937.100'j 100s, 5000 V.i-Car Cm Cs.lOO, 100', 8000 West Hlec 5s. 97'i 9"', I Tnternnt Nickel... 263-4 93', 93 internat Paper... 47 40.4 40a 75 75 tnia. nn nf atnd. 75 gJJ4 I Jewel Tea 38 8" k llCansas City So... 20Ji 81 1: Knn City So pf . . . 03 91 'Kelly Sprlngfd T.110 43 i Kcnnecott Cop ... 30' 90i, Kresge (S S)Co pf 100 69 ? Lack Steel 10U ?5i4 i I.ee Rubber & T.. 25lf J? I r.ehlirh Valley lhV,- i0 Maxwell Motors.. 37H 37 Maxwell M 1st pf . Olh 02, . r.. --..., -II Hay uepi diuicd.. iv ... ... Mexican Petrol.. 180JJ l&O.'a lio Miami Copper ... 23H 23'i 22'i Mldvale Steel .... 4f hO'i iMt I Minn & St L. new. 12 I Mo Kan & Texas 98 M, 82 a, 81'a 91 43'4 90'f, 59 a, 8IH-J ar.', 95 91 "i 95 91 i 93 84 85 9G 9GB, 49 83 ; 1032 67. 47'a 71'2 8 93 ; 84 85 !'f. 96 49 83 i 103i2 67', 47', 71 - 87 1001, 99 5 8li 80 M 38 'Alii 121 38 2UJ 118 MH 70 23 01 81!', 8Gii 103is 103's 99 99 Ti 98 98 100'i 100T, 97 'i Mo Kan & Tex pf . Mo Pacific Mo Pacific Pf.,.. Montana Power.. . M St P ft S 3 M.. Nat Acme Sat Cloak & Suit. Nat Cond & Cable. Nat En am & Stp. Nat Lead ON 11 24,'i 53 7f ? , 01 31 .3i 10 51 09 6 11? 0 ll'i 24! j 2oH 107U 26J, 40. "as 2M iis 30!i "-Wi 23 ioli 30Ji 02 'ibb'i , 0 24 i I Nat P. of M 2d of. U.'a BUSINESS NOTES BANKEBS I ANH bBOHSRS ST8.. NJE.Cor. Lower prices for iljes used In the cotton and allk tiutles are expected be- Xork Stock L'lchsitei Dd htW Hank of England Statement I.oniluu, March 13, The weekb state- o of the lack of demand I ment of the nam; ot i;ngianu ronows Total tet-erve, 29,476.000. Increase 858. 000 : circulation, 71.409,000, fticreose Nevada Con Cop New Orl T & M.. IN Y Air Brake.., N Y Central V Y Dock , IN' Y N II &. H... N Y Ont & West., Norfolk & West. Not them Pacific Nova Scot S & C i Ohio Cities Gas.. Ohio Cities G rts Ontario Mining. . Oklahoma P & R. JQ'i Mil 110 row 2UU 20 Ul.'i 31 73 15'' ol.'i os; i 12Ji IG'i oi.'ijiui.'i 31 31 73 73 I 15Ji lu'.i cQt 50t 08) a 08.' j i il'i Jli 10! i 10't no;; loo.'i :ooji b.'t .0!i UU 20j 20 alii '32! C4Ji U4 60 ... , 38i 30! I 73a 7!i rit 8' 48! i 48 ,'2H... Fidelity Trust Company Ifem&er Fcdctal llesrrye Sitem Capital $5,000,000 Surplun $16,000,000 l)9ntou onire: Ilrond htrtft OAlre: 3JS-331 Chestnut St. N. K. for. of 43-33 H. Fourth St. llroml S. Ihestnnt The London llourd ot Trnde an. tinitnr.U flint han.iufnHl, all . u, ..h Tiicrease -.".-."".- .""-"!" ."." ".: '".:: . tni. 317.000; bullion, 82,435.000. Increase i iSitr'i, .V,a "".'mporieu vviinout iicenbe. i uii ""; " k a i iii Aun. ant,Kiinu r ao nat fnn -uu 1101 ui ui iiuira uiuiuiifu unuer liiih iji finn iiLi.vii i .t.i''lVru'ri iki nnn. i.J Hnn.it. order comprises hides, timber, sucar i..,eitto Tel & Tel. 27h 125,874.000, decrease 2,858.000: pub- cane and tallow Pan-Am Pet & Tr. bL'H vb3' lie depbslts, 24.354,000, decrease 1.348,- PaniAm 1 & T pf.144 143 000: BOeinnVept securities. 55,270.000, Miiiiufsetiirers of nants ur. lookliu i Pinna R It UU : 1 decrease 3,926,000. The proportion of. forward to a lame fall husine.s(. which . n.nni' Gas Chic. 4UJi 49 la .vh.nt.,1 n l.an-l.. .. 1 t. I .. . ... i ' . - .. . t ' Peoria oi eastern. o;... ia;i ... 364 LIBERTY BONDS BOUGHT and SOLD trf.,. Anj- urnodinaiioiii .fsamuei iv. I'nniips & Co. .''it.. 607 CIICSTNOT 8T. sien3ucrs i-iiiiuuriruia hiock uxrhsnee JW.. the bank's reserve to labilities Is now is expected to besln within a few weeks inftft ,ia eon! mrnlliKt 1 K r.n nor eent . I i- --. ..j. .un. . t.. . - I i.uv i' .... - .-. . ,.. lv... ., IO ca urcicu iiul iiie limn f'flHL di . .. .... last week and compares with an ad- tomplete suits will compel many men ''?" , ,S" VS Uance from h'i o 18. per cent this to purchase extra pants to wear with ' Philadelphia Co, -week last year. Clear.nKB through Lon-i the ho'd-over coat and est from the old I Pierce-Arrow .. don hanks for vveek were 442.000,000, , suit The pants makers hold out little plerce-Arrow pf 1 . I.a- FI9C QKn niill 1 iur umalr nn.l file i ... i...i . .. - .. asm i. .,...,... " ..rt, u..u T.v.. nope lor a. leuuciiou in prices, . pierce OH ICoH 10o!S 103 13!, 38U ..It 7!a .' 48 ' L'ittr clii 143 44! 40 44 a 604,000 thi3veek last year. Chile Dubious About League ' Wusliiiiglon, March 13. (By A P ) I The Xtate Department was advised to, i ?SJr Vohrchlian Ipanen'of KoVI ! ft Am.r.c..nul. Chimber A . 44'. .106 , 18 tO! Pittsburgh Coal TI. rn.m..l,in ..f .. ....!! .. ..1..m. ! ltt Coal Df... of commerce and Industry at Omsk, SI- pitta & West Va. J. beria, which will ctrle to help foreign pressed Steel Car. 70, -a inniiuiuLiuicin iu dioii iruuo wnn Am i Public Serv N J oo tiTin if itjoi i wnu tinnn innoii ! nwi n ir .IW -mhhi, ,-B MIIIIUUUI.VMI ICQtCIUUJ !5!. 105. lhJ. 48!a "375, 7i 20 105 i3; 30VI 3'i J! 8 . 48 L'o'i I2U 143 44!i 49 44Ji 103J5 105K 17J, 18 48 48Ja NEW ISSUE $1,800,000 The Autocar Company FIRST MORTGAGE 69b SERIAL GOLD BONDS To Be Dated April 1, 1919. Due In Saml-Annual Installment from April 1, 1S20, to April 1, 1323 Coupon Bonds nf $1,000, reRtsternble as tn niinclpnl. Call.nble as a whole, but not In part, on thirty days' notice, at 102i und interest until Oetnber 1. 11)22. and at 101 and Interest thereafter. Interest payable April 1st nnd October 1st. Vltbout deduction of Normal Federal Income Tax of 2ft FREE OF PENNSYLVANIA PERSONAL PROPERTY TAX OF FOUR MILLS The Pennsylvania Company for Insurances on Live, and Gi-tnting Annuities, Philadelphia, Trustee. We summarize from a letter of David S. Litdlum, Esq., President of the Company, as follows: The Company was incorporated in Pennsylvania in 1899, and is engaged in the manufacture and sale of commercial automobile trucks of 1 to 2 .tons capacity. The general offices and plant of the Company, are located on the Main Line of the Pennsylvania Railroad at Ardmore, Penna. ' Over 90 of the Company's output is sold direct to the consumer through its Branch Sales and Service Stations located in twenty-two cities. Its trucks are owned and operated by over. 7,000 firms and corporations. The American Railway Express Company alone owns and operates over Aatocars, Other large fleets of Autocars are owned and operated by 600 Air Reduction Sales Company Amtrlcr.n Ajrlcult'l Chemical Co. American Intl. Shipbuilding Corp. American Bridge Company American Poatina; Service American Society for Preven v tion of Cruelty to Animals American Tin A Ternp Plate Co. Armour A Co. k Atlantic Refining- Company, Atlat PoVdcr Co. Baldwin Locomotive Worlta Barrett Manufacturing Company Batchelder Brothers Bell Telephone Company Bethlehem Steel Company Breyer Ice Cream Company Caldwell & Co., J. E. Chester Shipbuilding- Co. Chilton Company City of Los Angeles City of New Rochelle Clt of New York City of Pensacola City of Philadelphia City of Tampa 'Mark Thread Company Cobb, Bates & Yerxa Company Coca-Cola Company Consolidated Gaa Company Cox Stove Co., Abram Crane Ice Cream A BaklngCo. Crew-Levlck Co. Crown Cork St Seal Company uruciDie steel "o. Cudahy Packing Company Curtis Publishing Co. Devoe. F.W. & CT. Reynolds Co, Disston at Sone, Inc., Henry Doelger Brewing Company, Peter Du Pont Powder Company Cdlcon Electric Illuminating Co.' Electric Boat Co. Emergency F.leet Corporation .Emerson Drug Company Evening Bulletin Falrmoiuit Creamery Co. Firestone Tire & Rubber Co. Florida East Coast Hotel Co. Fletschmann Co., Frlehofer Baking Company General Baking Company Gerhard Lang Brewing Company Glmbel Brothers Goodyear Tire A Rubber Co. Heppe, C. J. A Son Hyatt Roller Bearing Co. Indian Refining Co. Johna-Manvllle Co., H. W. Jordan-Marsh Company Kolb Bakery Company Lfpplncott Company, J. B. Lit Brothers Loose. Wiles. Biscuit Company Los Angeleal Transfer Company McNlchol Paving A Con. Co. Mercer Automobile Company Morris A Co. National Aniline & Chemical Co. National Biscuit Co. Newton Coal Co., The George B. Pacific Telephone A Teleg. Co. Pennsylvania Railroad Company Peoples Refining Company Philadelphia Public Ledger ' Pierce Company, S. S. . , Pittsburgh Plate Class Co.N Porter, C. B. Co. Remington Arms Company Rlcker dc Sons Company, Hiram Shepard.Norwcll Company, Shulta Bread Company Simmona Hardware Company Singer Sewing Machine Co. Snellenburg el Co., N. Standard Brewing Company Standard Oil Co. of New York Standard Oil Co. of California Standard Oil Co. of New Jersey Staples Coal Company of Boston Strnwbrldge A Clothier Sun Company, Supplee Alderney Dairy Texaa Company. United Gaa Improvement Co. United States P. O. Department United States Tire Company van Buren ft pi. T. mil fo Wanamaker, John Warren-Ehret Company Whitman ft Sons, IncStephen F. Wilbur ft Sons, H. O, Wilson ft Co. Yale ft Towne Manufacturing Co. : os O'JJ-J 71 ' T" f-s n Bin FIN'ANriAt. l'AttTKUKMIUP ffc5te.NOriC'U 18 UUKKUV llniiN TllA-f , tere8t" - .. . .U........B.( ...UUItM. I elern Affairs, had published a statement to the effect that the league of nations .would be unfavorable to Chilean In- . i Commerce, which was notified of the movement uy ciiuie a part. -119 aasKiaiion urniinizea unnei the pro. i p.s tit ths Act of Ausemrilv . ..-Zr. . end its supplements, by, vote of a mail llarr yln number and value of Interest ?. ..., line of thn flKftnctatlon helri nn fa. t "" Interest in Women's Welfare Dill . 1918. determined that the said assocli ha dlsMlved. " llAlll- III.UM15J.TIIAI.. SAMUEL C. JEITU!rm,n- 1 4 . iiuuMCI.I.IAI. e""1 1 ' ' i i I. . . r. Dividends rt-IB OK THBUNTTKIJ fiAS 1511'ltOVE .,M W, Cor, Itrttud and'Arrh strnla. " I'uuauetpnia. iturcli lit, into. is usjr ut cl red s ' nt til per- i'.9!o! decrease the number of hours of work for women from fifty-four to ferty-elght a week, will be discussed at a public hearing, Xlier manufacturing Interests over the state are opposing the bill, which Is favored by social welfare work- .. Tha tienrtntr will ha held hefnr.. n subcommittee of the Senate Judiciary I time. past. Ijenrru) lulimiuvco i w wvv .ucsud tifternoon. Pullman Co 120? nwy Stesl Sprlntf. 77M Hay Consol Cop.. 21l Reading MJ France la In demerate need nf manv "eP ""'1 ..-.' ,KV,1 American products, but she is taking P f f"" i' ,. at steps to protect her own business men loy Dutch tr rets, uo , during the rehabilitation of her Indus- Savage Arms .... OJ tries. American exporters or those ln-lsst Louls-8 Fran. . J2;i other, countries will not be permitted si l..San Fran pf. 24 oars 121!. 120H 120U 83 .W, b2ii iii 2U 81) i V2li toU k'JH 12)4 C4Jf 02 VJil 02 laburg, March 13, A big delega- rht1aflelnliinnH Is AXneeterl li.r. next Tuesday, when the SchanU bill to i ' ship products Into France which can St , southvv't pf 12U 12f . ? van 02 V2A ?.?.,i?.ri"luceu ln tnnt countrj' ln u,e near Saxon Motor .... Wi Mi 10 10 Seab Air Line.... Sii 'beab Air, Line pf, 19 , lluyera of woolen goods are taking , Sears Roeb & Co,17SJi 174J 1(35, 173H in. i. ii. ir.. V i ','" yr iiriix ' shattuck-Arliona. iu ion iui iui The' Ulrectoin hv thli uri.riv iiitiaeirti nr 3 mil sayablih April IS. I1. to stoekhoid. i jo 01 nusinesa ZlLrch l,'Ji:becl"iii lie mal sd. . , , . .,, ' ! t tjiwi.MfWKtX'Trea.wt.r GOSSIP OF THE STREET ' on Page 20 Placed' on goods by leadlna- mills and are placing larger orders than for some time past. Some of the prices now current In the market are said tn be lie. i low the preaent actual cost of produc ing ine goous. 11 is orueveii mat some mil! owners have figured on obtaining raw wool or yarns at lower rates later on. and so have named nrlcea nn tin- fished fabrics based on future expeclu- liuns ill np ta-iY niuicuni ruarKCl, jm IS Sinclair Oil Ref... 3n! Sloss-Sheft S & I. fi7 Sloss-Sh S A I Df. 8(1 Southern Pacific. ,102)i l('3!i 112 Southern Railway. 20U 2UM 29 Southern nwy pf, Standard Mill pf atromberg Carb. Htudebaker Co,,,, 6lH 0H (83 89h... , 40 ... 03U WiX 08 66.4 103 29U i8 C27 The bonds will be.secured by a first closed mortgage on real estate, buildings and machinery of the Company in Ardmore, Pa., carried on the books of the Company as of December 31, 1918, at $1,801,003.49. Day & Zimmerman, Inc., Engineers, have examined the plant and books of the Company, and report that in their judgment the book valuation of the property is conservative even on the basis of normal costs. The Company will covenant to maintain quick assets in' excess of all liabilities (other than this issue and encumbrances totalling $100,000 on property in Washington) of not less than one and one half times the principal amount of bonds of this issue at any time outstanding,, of which not less than 50 shall consist of cash, accounts and notes receivable. ' r The Company's balance sheet as of December 31, 1918, shows net quick assets of over $2,400,000. Upon completion of the present financing, it is estimated that the Company will have net quick' assets of over $3,200,000. The annual net factory sales of the Company have grown steadily from $1,017,052.76 in 1909 to $7,999,394.81 in 1918. The books of the Company, as audited by Messrs. Lybrand, Ross Brothers & Montgomery, show net earnings in each of the past three years of over $770,000, after ample allowances for depreciation, but before interest and Federal taxes. The Company's capital stock is $2,000,000, full paid, upon which dividends at the rate of 10 per annum are being paid. , Legalities cubject to approval of George Wharton Pepper, Esq., counsel for the t Company, and Messrs Roberta, Montgomery & McKeehan, counsel for the bankers. v I IF, WHEN AND AS ISSUED AND.DEUVERCD TO US PRICES RANGING FROM 100'TO 97i AND INTEREST, ACCORDING TO MATURITY. 133 South Fourth Street Philadelphia MONTGOMERY & CO. 14 Wall Street New York This Infcrmatlon and these statistics are not guaranteed, but have been obtained from sources we believe to be accurate. . ! : c vtf :MM . "' x.i- xx - TMb-4 r J-. -. tftikVLte M&'l '' M, - j-e A.'j "AV ..-" 'f-'t. .aM ' &??. ' - . ' t "9i "?-. tstmsiwes.,,.. w.jES-ii-t.RW! a .n i'rf&A'- " 1.' V lfcLDJLlJSS& &&&&$,$. yk W vi t-Tjt,, 1yjfltyJrr I iiJii3mJt' mrm i ,. . r . mrnmmmmmmtimmmjmmmmmmmmmmiMmmmmmm!mmmtMmismi wMmkmMiMmwm ft v i 'iiA' ' j V Mi ' .t 4aiss"Afcr7rV ' .CiMl&.&itt
Significant historical Pennsylvania newspapers