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EVENING PUBLIC "LEDGUER PHILADELPHIA, MONB-A.Y,
JANUARY
3, 1920
-gi
Philadelphia Markets
k
The
Provident
Life and Trust Company of Philadelphia
Statement at cloie of buiineia Twelfth Month 3Iit, 1919:
on bi of book valuei, not including accrued interest.
- ASSETS
rrsh on Hand or in Hank $2,472,191.61
7,019,821.20
9,067,913.77
1,066,200.00
100,100:00
25,082.99
fnllnteral Ioans
Bowl and Slocks '
MnrlRHgcs ....-., "
Ileal Estate
Miscellaneous Assets
LwlRcr -Assets ot inc insurance ucpari
mciit of the Company 97,452,316.76
$117,203,626.33
LIABILITIES
Capital Stock $2,000,000.00
Surplus Fund 5,000,000.00
Undhkled Profits 1,151,733.47
Depots 11,366,254.62
Miscellaneous Liabilities 233,321.48
Ledger Liabilities, including Contingency '
KcserM', of the Insurance Department
or the Company 97,452,316.76
$17,203,626.33
TRUST ACCOUNTS
Trust Funds 80,713,807.07
Collateral to Corporation Trusts 18,984,893.32
All Trusts arc Kept entirely separate from Company's assets.
ASA S. WING.
President
SAMUEL II.
TROTH,
Treasurer
DIRECTORS
.!( s WING ..
Rnnt:nr m jannkt
P.0,.V,V...ri' I- MORRIS
VMt.tAw n imi'KSRHI)
rKVDEltlV II hTKAWHIllOOK
OHN THOMPSON WILEN
Monms n. docmus
.Ir.
LEVI I. RUB
tlKOKai WOOD
i;AHI.ES H. HARDING
J WIIITAt-L. NICHOLSON
PARKER R. WILLIAMS
UEOROE II FRAZIER
SAMI'EL REA
CHARLES J. RHOADS
LOCAL MINING STOCKS
TONOPAH STOCKS
. Rid Ak
ruth Roy ,. , on . .OR.
Jim Butler 21 .23
MncNamara 84 .80
Midway 18 .22
JIUpah Ilxtrnalon: Oil .07
Montana .10 ,1.1
North Star 07 .OS
Reacuo Euln. 20 ,'ii
Tonopah Extonnlon 2'i 2"i
Wo.t End .,." 1 2i
West Tonorah 10 .12
JMV1DE STOCKS
Altlcd Dlvldo ,n ,or.
Alto Dlildo n .10
Relchor 27 .30
Hn Itur . 10 .Ifl
I llrouili Dlvldo. 40 .50.
imicio Extnl6n Hi l"i
I)lldo Rvndlcato 0,4 .0(1
Dlvldo f'on 10 .15
Dlvld.nd 2H .32
East I)lvld 07 .OH
HaKbrourlc Dlvlrin no .07
Illell Dlvldo ,0-1 .07
iievert jmido 27 ..to
Keno DMdo 03 .OR
Rosotla OS 10
Silver Kins 10 .12
TonoraH Dlvldo 24 47.
Tonopah llasbrouck 27 .30
Victory DMdo MS .20
Verde DMdo 18 .22
Zone 38 .10
QOMriI'M STOCKS
Atlanta 02
tllue Bull 02
llooth 04
r: o D 02
f'omhlnatlon Traction 01
Trarkerjack ,0.i
Dlamoidlleld 11 II 01
Drtlay 02
riorenre 2.
Cloldlleld Consolidated 11
(Soldneld Merner 03
Gold Development 12
Great Ilend 02
Jumbo Extension 0(1
Kewanas ,0J
Lone Star ot
Oro 01
Red Kilt 02
.0:1
Hllier Pick
Spearhead 04
MISCELLANEOUS
Amparo ls
Arizona United 20
Eden 3t
Mother Lode 7
Nevada Hill 02
Nevada Rand 20
Nevada Wonder 2
Promontarlo 1'i
Tecopa Mining; 00
White Caps OS
.03
.03
.0(1
.03
.03
.07
03
.03
.33
.13
.04
.14
.03
.08
.01
.01
.03
.01
.03
.06
1
.no
.04
.23
.30
,2
.10
Dover,
Charters Filed
Del., Jan. 5. Chnrtets
filed
THE REAL ESTATE TITLE
SURANCE AND
TRUST CO.
523 CHESTNUT STREET
1 OF PHILADELPHIA
At the Close of Business, December 31, 1919
RESOURCES
Cash on Hand and in Banks $1,618,579.32
Call Loans With Collateral 2,895,461.31
Time Loans With Collateral 34,200.00
Loans With Mortgages as Collateral 62,046.14
Investment Securities Owned ; 3,912,089.91
Real Estate, Furniture and Fixtures 616,010.38
Miscellaneous Assets 367,637.81
$9,506,024.87
LIABILITIES
Capital $1,000,000.00
Surplus and Undivided Profits 2,361,379.05
Deposits , 5,663,690.48
Bills Payable Secured by U. S. Liberty Loan
Bonds 470,000.00
Miscellaneous Liabilities 10,955.34
$9,506,024.87
Trust Funds kept separate and apart from
Assets of Company $18,806,721.42
FRANCIS A. LEWIS DANIEL HOUSEMAN
President Treasurer
licrc today were : Austin SuRar Co., Aus
tin, Minn.. ,?2,500,000, to manufacture
sugar and its by-products, otc. (fieorge
A. Horincl, .T. Tj. Mitchell. Austin,
Minn., and A. K. Luick, Belmont, In.,
incorporators) ; Motor Chemical Co.,
$2,000,000, manufacture of automobiles,
chemical preparations, etc. (A. J.
Kingsbury, Harry McDaniel, .lr., local
Dover, Del., incorporators) : Franklin
Oneratinc Co-oneratitur Co., Sl.fiOO,-
'000, to deal in and -with iron and other
minerals, etc. (II. 1j. llogers, lj. A.
Irwin, W. G. Singer, local Wilming
ton, Del., incorporator), and Shaffer
ManUin Oil Co., Tnc. .$100,000, pros
pect for oil and refine and market
products of vame (T. L. Croteau, II. Ti.
Knox. S. E. Dill, local Wilmington,
Del,, incorporators),
Advance In Price of Lead
New Yoilt. .Ian. 5. The American
SmeltiEg and Kefining Co. today ad
Tanccd the price of lead from 7.75 to
8 cents a pound.
I
STATEMENT OF
GUARANTEE
TRUST & SAFE DEPOSIT COMPANY
316, 318, 320 Chestnut Street, Philadelphia, Pa.
Central Ofllcc, 1122 South Penn Square
Wflct Pliiln nffiM a C...1. -n-l r. i
STATEMENT AT CLOSE OF BUSINESS, DECEMBER 31, 1919 i
ASSETS
STATEMENT
December 31, 1919
ASSETS
Cash and Reserve $1,418,108.S3
Investments 9,983,978.91
$11,402,087.76
LIABILITIES
Capital .$1,000,000.00
Surplus 1,000,000.00
Undivided Profits 140,712.67
Deposits 9,261,376.09
$11,402,087.76
TRUST FUNDS (kept
separate) $21,289,344.94
Wm. T. Murphy, President
Clarence C. Brinton, Treasurer
THE
FOX CHASE BANK
Cash on hand and de
posited with Banks
and Bankois $ 1,432,280.22
United States and
Municipal lionds .. 200,000.00
tall Loans upon Col- 1
T.latefal 4,085,966.80
lime Loans upon Col
lateral 1,090,874.27
Ummcrcial Paper and
Acceptances 238,545.78
Stocks, Donds and
Mortgages 3,211,350.00
Rc0a' Eftate, Slb-318-
320 Chestnut St. and
. Md St
faults and Equipment.
Other Real Estate ....
'Merest accrued
Miscellaneous Assets..
373,000.00
100,000.00
22,643.34
87,482.69
62,542.53
LIABILITIES r
Capital Stock $ 1,000,000.00
Surplus 400,000.00
Undivided Profits 200,744,02
Reserve to cover de
preciation in Securi
ties 71,735.45
Deposits 8,453,898.60
Liberty Loan Redis
counted 685,000.00
Interest payable t o
Depositors 61,330.71
Miscellaneous Liabili
ties 31,982.75
. $10,901,691.53
nEEnrjirH r.... WH'KI. r. 1IOIS10N. PrM-nl
.. mi iHMii,ii,i tun rrfNiiirn?
$10,904,691.53
HOWARD I. YOUNG. Treasurer
! ;unds and Investments which are kept entirely separate and
"Pan from the assets of the Company, $19,652,823.52.
Columbia Avenue
Trust Company
Broad and Columbia Avenue
Condensed Statement
At Close of Business
December 31st, 1919
LIABILITIES
Capital $ 400,000.00
Surplus 475,000.00
Undivided Profits 120,560.79
Dividend No.' 60 16,000.00
Miscellaneous 5,368,45
DEPOSITS 4,175,240.33
At the Close of Business
December 31, 1919
RESOURCES
Loans and Discounts. .
Bank Building and
Real Estate 21,363.58
Investments 312,051.25
Cash on Hand and in
Banks 88,056.47
GRAIN AND FLOUR
WHEAT necelptn, 10,871 bushels. The
mKrtet wa unchanged. Followlne werrthr
(Juotatlons: Car lots, in ntnort elevator.
Government standard inspection, standard
prices No, 1. red winter. 5.an. No. 1
normern prln. $2.ao; n0, i ,rd -winter,
13.30! No. 1 Kd winter, carllcky, i!.37i
No. 1 red emutty. $a.80i No. 1 red. Bar
llcky and smutty, $2.31, Tho United Males
fifD Corporation's purchases of wheat arn
.???.. on,, tho 'olUm Inr schedule of dls
counts: No. 2 wheat, 3n under No. 1;
r- ? ? tin,f? No- II No. , 10c under
NoA 'I No. 1. )4c under No. 1.
S ,ViTi?c-li,,. "38 bushels. Supplies'
ero small and the market ruled firm, but
R.-..I. So. 9V1,In.ow- B" to quality and
3 5?llow ""81.62. the latter for No,
H?Ali7,,'elp",. 720 luhels. Prices
Sv. nm?i W.c ?,n Xo' 2 whites, but there
was little tradlntr. Quotations! Car lots
? Ji?i.l0c5i1.lSRrr.rJo" . W'hlte, 0.1igiflSie: No.
nr.'W?X'.':'(W,,1(i07'0'M lbs. Trade
).- Viehut m!" ,lm't" were firmly mal l
vinfu' ?V.n "un ,0,) Iba, packed In
i.;,b; 'SiS ? J01, winter atralRht.
m',"n"n' '"Boeili do, do. nearby. $10.1(1
810.: hard n Inter strsleht. ils.SBP
13.B0i.do Kliort ratent, $l3.r.0ll! sprint
Jlh cl'ar I0.7BW1O.2.1: do, patent, hi
14. B0: do. short patent. tU.404(ln 10! fancy
fP,!5?.Hn'' e"' fnllls. patent family brands
RYH n.Otru nas In small supplv nnr
firm, but tiulet. w quote 0.7JIi10 23 iv
rarrel In sacks, an to quality,
PROVI3IONS
Trade waa quiet and largely of a Jobbing
character but prices wer steadlli held
Je quote: Decf, In sets smoked and alr-drled
BJcbi-ef Knuckles and tenderB, smoked and
alr-drled, Blc: pork, family, 134: hams. S.r.
S'iSi!'- loose. 2fl27c: do, skinned, loose,
24"20c: do. skinned smoked, 2o'827e. do,
hplled, boneless, 40c: picnic shoulders. S,
P. cured, loose. 24c: do. smoked. 25c: belli' s.
In pickle, loose. 2Uc: breakfast bactm, 32c:
lard, 27c.
REFINED SUGARS
Supplies were small and the market whs
unchanged on a basis ot Do for fine cumu
lated. DAIRY PRODUCTS
nUTTnn The market ruled firm rt
prices of solid-packed creamery adi.inc d
lhr. o quote solid-packed crcamer
fancy, hlKh-tcorlne goods. 70 f7!'ir, i n
tras, 00'4c: extra firsts. 0(l?t!Sc; tirsts. .i t
wfllc; seconds, BSBfic: cold-storage (rcin
ery, as to runllty, B7 h (We; sweet creanierv
enoicn to fancy, 71,4M73Ho: fair to guod
fll70Wc: prints Jobbing at 778 7c fur
fancy and at 037Cc for fair to choice
I-GOS Fine fresh eggs were well cleaned
up and firm. Quotations: Freu cu3s, near
by firsts. 122.20 per crate: ncarbv current
receipts. "21.(1": western extra flrits, 2..2U
firsts, 120.70521. 0; nearby and westen,
seconds. $IS.ao810 80 cold-storage eggs,
as to quality. 14.10fM SO. Inferior lots
lower: fancv selected fresh eggs jobbing at
StO'Sli -et dozen.
CHEESK The market ruled fteacly, hut
demand was only moderate. Quotations fol
low: New Tork. whole-milk flats held
fancy, 33c: held special higher; held, fnlr
to good. 3232V4c: fresh-mnd. best. 82C
824c: do. fair to good, 314i31Vjc: Wis
consin whole-mill: flats held, fane, 32W fS
83c: held, fair to good 3t4 32c. .tob
blnc sales of fancy held good at 33630c
POULTRY
I.IVK The market was quiet, but receipts
were light and values were well sustained on
nne aesiraPle-slzed Btock Quotations, i o l.w, -fine
fat, weighing 3 lbs and oer apiece. 3(J i
38c: do. medium size, cood quality, 3 '-'!.. I'
do. poor. 203Oc. Broiling chlckeni, f. i
soft-meated neighing l'i(&2 lb. apt
30040c. Sprint chickens. aerage
meated, 32W34C; do. Inferior. 2S!30 .
rocsters. 22JP23C. Ducks, white Pekln
40ci do. Indian Hunnor. 34W36c: do, Mj
covy, 30f832c. Gcesc, 2fl30c. Turkeys, :!
40c. Pigeons, old. per pair. 40)tuc. d.i i
soung, per pair, 3340c. Guineas, jounj
per pair .weighing lbs. and over aple.
plump. $1.40(tf I.BO; weighing melt, lbs.
apiece, $1.201.30; weighing 11U lb"
apiece. OOcWJl 10: culls. 305875c. Guineas '
old nT n-.r. S3ci?D$l. (
DRKSSCD POUL.Tur The market ruled
firm with supplies of fine stock well cleared
up, and fowls were lc higher. The following I
are the quotations: Turkejs, Delaware and
Maryland fanc. 00c: do, Virginia and other
nearby, fancy, 30iftc; do, nearby, fair to
good, 53735c: do western, spring fanc '
33B7c: do. do fair to good BlBSd. da old
toms. 43c: fowls, fresh-killed. dr-picked,
In boxes, weighing AYa lbs. and oer aplec. '
30c: weighing 41bs, 3.c; weighing 3'j lbs..
:io'32e: Bmaller sizes. 2"i20c, fowls, fresii
kllled In bbls., dry-picked v "Igbing ,"W lbs.
and o'er unlecc. 85c: weighing 4 lbs.. 31c,
weighing 3H lbs , 2S30c: smaller sizes,
2427c: old roosters, dry-picked, 25c. broil
ers, Jersey, dry-packed. 43IRc. do, or
dinary nearby, dry-packed, 35(42c. do.
western, dry-packed, welghln? li M2 lbs.
apiece, 3fi40c: roabtlng chickens, ,estern.
dry-packed In bbls , weighing 4 IVs. and
oer .apleco 3331c: weighing 3j lb
plce BOftHIc. weighing 2 4f3 lbs. aplc
2720c; western corn-fed chickens, t2 lo
box 17 lbs, and under to dozen." nor lb
4l4.-.c- 18 to 24 lbs. to dozen, per lb., 43 J?
44c: 25 to 30 lbs to dozen, per 11) . 355)
3c: 31 to 30 lbs, to dozen: per lb 33S31c
37 to 42 lbs. to dozen, per lb., 32R33c: 4J
to 47 lbs. to dozen, ncr lb , 32 8f.!4e; IS lbs
and oer to dozen 33030c: ducks, western
fancy. 8840c: geese, western fancj. 30
3Jc: do, do, fatr to good. 25i27c i
FRESH FRUITS
The market was quiet on account of th"
cold weather. Quotations: Apples per bar
rcl, as t quality, 4(j9, do, per box. 11 50(rf
3.2.". Cranberries, per barrel. ".'l.BOiriin, do
perorate, 1. 753 25. Oranges. California,!
nor box. 'l.SOlif r,..',0: do. Florida, ocr box.'
$1.60415.05 Tangerines, Plorida per half
box HOc3 Grapefruit, Tlorlda, per box,
S5cS3.
VEGETABLES
Cold weather restricted trade. Prices were
generally steady. Quotations: White pota
toes. PennsyUania, per cwt , S3 00 1? 3 73'
do. New York, per cwt., $3.403 50 Sweet
potatoes, southern, per hamper. J102.1O,
dc, Jerse. per basket, 1.251.3 Cab
b.ge New York and Danish, per ton, lOOfrt
100 Onions, per 100-lb. sack Yellow, No
1. J0.300.75.
BUTTER, EGG SAND CHEESE
New York, Jan 5. BUTTER steadv He
celDts. 0101 tubs. Creamery, higher than
extras, 700Vac: creamery .extras I0J
score), flf)60c: firsts. 00MR8c, packing
stock, current make. No 2. 47o
EGGS firm Receipts, 0401 cases Fresh
gathered extras. 78c: extra firsts. 70077c.
firsts. 7476c, state. Pennsyhanla and,
nearbv western hennery whites first to ex
tra. 78 82c: state., Pennsylvania and near
by hennery browns. 8081c: do. gathered
browns and mixed colors, 7778c
Pricee Strong on Paris Bourse
1 Paris, Jan, 5. Priens were stronj; on
Q1Q im si I the Bourse today. Threr per cent rentes
$J.-,l.UJ.OI ,. niiotcd nt 50 frnnoa 2.1 epnfimpo:
.... .,. . -- . - ..
cxchniiRC on Liondon, w francs i.i
ccntinips; 5 per cent loan, SS francs .".."i
rentimes. The dollar was quoted at
10 francs 75t centimes.
1,333,635.11
LIABILITIES
Capital Stock 150,000.06
Surplus and Net Profits 1 53,657.85
Deposits 1,129,974,76
Dividends Unpaid 2.50
51,333,635.11
R, Y. Filbert, President.
Charles 11. Heyer, Vice President.
II. A. Bart'lett. Cashier.
Charles S. Keller, Asst. Cashier.
Refined Sugar Remains Unchanged
New York, .Tan. 5. The refined
sugar market remains unchanged. The
National continues to quote 13,20c, le.ss
2 per .rent for granulated, but is mnkiiiR
no allotments today. Other refiners re
main withdrawn.
BAR SILVER
Bur silver was iinehanKPtl. at 7("fc
an ounce, in the Loudon market today.
Jm?'1,1
RAILROAD EARNINGS
CANADIAN PACIFIC
1010
rth week December S3, 403,000
Increase
J700.000'
$uritiej
Loans . . .
Unkli
ASSETS
2,064,627.11
1,919,823.70
Qthe r':;, " ""' 52.S?5-??
Cath "J -...... OJ,u,00
Z in5 ?"se' Fn.i."
re and Fiv,,,...
anil J...
-:, UUO
Ban4e.rVe Bank
nd Reserve ..
'ii'ceiianeo
from'
cous
J73.145.24
190,000.00
2,323.S2
i.
w
93,192,169.57
TRUST FUNDS ,$1,226,224.39
Jimw.
J5,192,169.57
WMi A, CARLLpE, Tjewrurcrl
STATEMENT
FIDELITY TRUST COMPANY
PHILADELPHIA
at close of business December 31, 1919,
RESOURCES
Cash in Office $138,771.83
Cashtin Hanks 4,881,212.11
Time and Call-Loans 29,576,071.23
Mortgasea m 4,165,403.01
Bonds and 'Stocks. . . . : 23,161,020.6."!
Real Estate 862,887.6,"
Accrued Interest 233,746.01
Miscellaneous .. 8,431.9.1
163,317,547.77
LIABILITIES
Capital Stock $5,000,000.00
Surplus Fund 1 6,000,000.00-
Undivided Profits 1,060,405.86
XNOles Iteaibcuumcu ana ijjiis lajuoic vrcaerai
Reserve Bank and War Finance Corporation)
Certified Checks '
Accrued Taxes
Miscellaneous
Deposits
g63,317,547V77
Amount of Funds Held in Trust 7$238,72.1,115T6
WM. P. GEST, GEO. H. KYD,
Prwldwtt TrwiBuret
11,483,792.40
34,329.06
234,451.60
12,215.00
29.522.350.76
i
Analytic
of the Oil
Survey
Industry
"pHE part played by petroleum in the development of American
industries to their present magnitude is realized by compara
tively few people. A new book, issued, by the undersigned entitled
"Analytic Survey of the Oil Industry and Statistical Handbook,"
deals with the subject under the following headings:
s
The Present-day Petroleum Industry
Nearly five billions of American capital arc invest
ed in the oil industry. Oil is a vital necessity of
modern life it provides light, heat and power,
variable drugs and chemicals. All the great
nations are seeking new sources of petroleum.
A Five-year Growth in the Oil Industry
The rapid increase in the production of automo
biles has created an enormous demand forgasoline.
Kerosene is finding new uses, and is an important
factor in export trade. Rapid industrial expansion '
has increased the demand for lubricating oil. Fuel
oil is rapidly being adopted for marine and rail
road service.
What Can Happen in the Next Five Years
The next five gears' developments will far exceed
those of the last five. Kerosene will attain increas
ing prominence as a motor fuel. Fuel oil will find
still wider use for heating and power ashore, and
will probably be the universal fuel at sea.
Standard Oil Expansion
Since igi 2, earnings of the principal companies
have increased from ioo to 400 per cent., and net
assets have appreciated from 50 to 100 percent.
The. combined surplus as of January 1, 1919
was $990,851,555, or 266,84.3,685 in excess,
of the present combined capitalization.
Growth of Independent Oil Industry
The independent oil industry has passed through
three phases, of which the present is the combina
tion of interests into great homogeneous organiza
tions embracing all branches of the oil business.
Competition in this field was never more healthy.
Discoverers of Great North 'Texas Fields
The bringing in of the McClesky well in 191 7 was
the signal for the greatest drilling activity ever
known in the history of oil, stabilized the market at
a time when price tendencies were on the verge of
a stampede, andaverted a worldshortage of lightoil.
American Capital in Foreign Oil Fields
Oil underground in this country is equal to only
about 16 years' supply. A great oil industry ha
already been developed in Mexico and Roumania,
and Colombia is attaining prominence at x new
source of high-grade oil.
Petroleum Statistics
In 1917 this country produced 66.17 per cent,
of the?' world's petroleum. Stocks of crude petro
leum in storage in the United States were reduced
by 16,909,779 barrels in 1917. The price of
crude, which was "520.00 per barrel in 1859
and Jj.ro per barrel in 1864, has been stabilized.
In 1918 we imported over eight tunta.M much
petroleum as we exported.
sv
60 BROADWAY
The tfrmattrt eorUatmd tn tktt bk milt he fmnd very vthinbh
iy iwvettiri 'who tvttk to hep informed at t the e-xl ntmstio,
COPIES ON REQUEST
PRICHITT & CO.
Members New York. Stock Exchange
NEW YORK
Under Management of Day & Zimmermann, Inc.
Penn Central Light & Power Company's
- Transmission Lines
Run right through the middle of some of the richest
Counties of Pennsylvania
v fN.Q AA " TRANSMISSION LINES
The succc&s of any well-managed electric light and power property is dependent upon
tho population, number and variety of industries and their stability in the territory
served.
Blair, Cambria, Huntingdon and Mifflin Counties, in the State of Pennsylvania, which
aro bisected by tho transmission lines of the Penn Central Light and Power Co., aie
among the richest in Pennsylvania.
The natural resources of the territory consist of Coal, Lumber, Iron Stone Quarries,
Clay and Sand for Brick-making and Glass. These, coupled with diversified manufac
tories in piactically all lines, assure a stability of population and excellent earning
capacity for the workers. The population show3 n consistent and steady gain.
1910 1919 1910 1919
Huntingdon Co. 38,304 42,000 Cambria Co. 166,131 200,000
Blair Co. 108,858 127,000 Mifflin Co. 27,825 32,000
Wo believe any undertaking of n municipal or cjuasl-municipal character located in
this territory lias all tho elements for complete success.
Brown Brothers & Co.
Fourth & Chestnut Sta.
Robt. Glendinning & Co.
400 Chestnut St.
W. H. Newbold's Son & Co.
511 Chestnut St.
Frazier & Co.
Broad & Sansom Sts.
American Wtt.mork. l.lcc, fin, 1031
Miaffrr OH & "' U?1
lYrn.'li Oovfrnnifiit Itond.
Kua.lan Intfrnal r.tUmal llnnils
loodrar Tire . KiihW n.w pra,
llrr.Un. Tlrp . Rubbrr 7 fd.
l'arkard Slatur prefrrrrd
Morton Laclienbruch & Co.
rHltDEI.riUA NEW YORK
Ijiml Tttl.JJalldlna 4 llro.J St.
2fl. oyruc. no 4.fc nroaa low
iftwicCTSi1' jqnwf mtmanw
" a
How To
Trade In
The Market
and other rules and
methods of interest to
business men are given
in our free booklet, "The
Investors and Traders
Guide." It tells:
The General Rules of
Trading.
IIow to Give a Broker
Instructions.
Brokers Commission
Charges.
How to Indorse a Stock
Certificate.
How to Use Collateral
in Trading.
How to Group Invest
ments. The Deposit Require,
meats for Carrying
Stocks-,on Account.
The Rights of Stock and
Bond Holders, etc.
Written in simple lan
guage and easy examples
given. No obligation.
Edition limited. Call,
phone or write at once.
Ask for No. T. U.-670
JONES & BAKER
SECURITIES
Widener Bldff., Philadelphia
Pfieties Bell, Walnut 6065
Keystone, Race 2290
Direct Private Wires
Ofllcrs In 8 Frlnclpal Vlllet
I onnrctlf-ut Rj. A l,llitln V.iu. 1051
oiiniMoMii . Sharon Us, . I,t. B, 1031
Viaron A Nrw fa.llo Ky, fl, loai
Standard ,hh & r.lrr. II. , ioia
l'.nnu, IHIIlllr. 3m, ln(0
IVrina lHtrr A. IT. Ai, 101(1
J'hlla. Still. I. an 4. Kl.r, , 1MII
Metropolitan Kltr. (Kdt) fin, 1039
HENRY D. B0ENNING & CO.
STOCK KXCI'AKOK BCIXD1KO
Dlrrrt I'rtvnt. Teleuhon. to New York
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HIGH
JHHL
GRADE HIGH YIELD
RAILROAD BONDS
LIST ON REQUEST
MARTIN & CO.
1411 WALNUT ST.
Current Offerings
Lilted in our
January Circular
Including
Municipal, Railroad
and Industrial Issues
Mailed on Request
Biddle & Henry
104 SOUTH FIFTH ST.
GE0.A.HUHN&S0NS
stocks am itriMia
Wmbera or lh Phlladolpbta, K.w
Turk and Chlcuto Btook KxchaPCM
New Tork Cotton J5cHne ,
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