. a w vO, Z(-' .. ' . !' '' '. ' : S: 1& EVEMKG PUBLIC LJilb GER PHILADELPHIA, BlOXDAX, 3U5AROH 22, 1920' ' o IP ' i V t I , J Eic ifV'T "JV 1 I PA lit 0 i,1 M m If ivr mt I V ,1 IIWW ? t:25 .', H $200,000 ST. PAUL, MINNEAPOLIS , & MANITOBA 1 A i , 1st Mortgage 41 Duo July 1933 91 ln' and Interest To Yield 5.40 BBodget & Co. 601 Real Estate Truit Bldg. Philadelphia Telephone Walnut IfiOII ANOTHER JAMBOREE MOTOR ROUP L NEW YORK STOCK EXCHANGE TRANSACTIONS niv, lliliUinhlllllllllilllllll'KlUUWIIIIIIIffill'PHKIIIIll'i ESTABLISHED 1865 1 BIOREN & CO. BANKERS 4IOChostnutSt., Philadelphia Government, Municipal, Railroad Corporation and Public Utilities Securities Members -. iork ntd ll iladelphta i-.uc.. roCinafipts CTmingrotnii;iimjnimirfiniHiitnmrj;tiiu;ni'rrgj-riinir..nii,!ifmnpiii,rs;,'iniS HENBER30.1 & L0E8 Members New York and Philadelphia Stock Exchanges 1410 Chestnut St. FOREIGN INVESTMENTS Cotnvlel itformaUon urniahed rrnari ing to-ipn Gwnm.rnt Municipal u id Corporate Iiwa , to: oi-rut rot: sai.k at cuiklnt 11ATJ IN AMOINTS 10 Stir 1,000,000 l:irk In of Munich K'r IIoimIh t.000.000 Murk rii ot Ilamliurc IMi llOllllj 1,000,000 M.irks il of Uerlln lr IlnnUo Spectacular Orgy in General Motors and Other Pool Is sues Croatod Nervousness I Nfm Wrli, Mnrcli J'J. .Ml "Micr considerations in today's stork inurkrt were funiplptcl.v eclipsed by tli spfc tiviiliir jamboree iti tlie motor stock ntid other closely lipid liool Issues. Tlic nioniliiB vns otic o dip wildnst in the post-wiir history of the stock exchange. Soiiip of thr trndcrs rnllcil It n "drunken market." (icncrnl Motors was the stur per former nnd the dealings iu this stock wero so erratlr n to cuu.c general ap prehension mid rather than faunini; -prruhitiw' piithiHiiiMn elsewhere had the effect to promote incri'iisitip; emit ion ami ninny of the more active trader practically kept entirely out of the tnorlcrr, pending more- settled I'omli- ti()ll!. The initial truiiMictioti iu Oeneral Motors loiuprNed one lot of 1500 shares at o!."i. to 400, an extensive gain over tlie week-end of 2 points. This was soon extended to the new high record of KIP. This iinnii'rciful squeeze of the short interest or plunging operations of a powerful clnpii' was to an extent cleared tip l the stuck exchange rul ing that new certificates ma be de liveied on contracts for the old shares. This was follow eH bj violent reaction to oC't from Hip. whieli wiped out the opening gain and additional 17 points. The new certificates ro-e. tirst to do, then dropped to .'IC'i . i Wliile the more representative shares I marked time, the tieneral Motor orgy I apparently gae eucourngemcut to other I pool.s and combinations to start lire work in their specialties, and they did. land there were wide and exciting move i nieuts iu other highly speculative shares. loremost iu this connection were ( ru cible Steel, which was run up 11 points; Mexican 1'ctrulcuin & points and Bald win Locomotive li points. The under tone of the market became extremely ir regular before midday, as the violent performance of the speculative created a great deal of nervousness in all quar ters, which was intensified by the ehnrp reactions in these leaders. Man by mid da were selling under last week's filial quotations. A'etu York Bonds BARGAIN DAYS IN BONDS! iriict me axpens any." Moody "V tnost co back to lb T0' la find, the relative baraiu tbat r oetalnrd In tli railroad bond marliti J radar." Babson "Good bonds ars tba cnlr tnlnga t am bulllab on." Let us submit offerings EDWARD V. KANE & CO. MOimiS BUILDING Pub. Ser. Newark Ter. 5s, 1 955 Choatc Oil 7s, 1922 Public Service Corp. 7s, 1922 Newark Pass. Ry. 5s, 1930 Metropolitan Edison 5s, 1922 HEHRY D. BOENNING & GO. STOCK K.CIIANGE UCII.DlNij Dlrrct lriTutf Trlfnhons in .r-w Vork LIBERTY BONDS All Issues Bought and Sold $50 $100 $500 $1000 Graham, Parsons &Co. 435 Chestnut Street Philadelphia Reliable Broker will handle stock proposition of merit. Box li :m, Ledger Office GEO. A. HUHN & SONS -. .J XN?, mM, lMilbr of th. I'h , i . ,,.. .. Yuri. 1'iin ,B v. " ..u. "" Nu -i . ,., ' lunuaa Commlaalon Orders Executed In All the Principal Markets Ills t rtlliut S M W U.llk , n , I- lit IIhiiiiIhiit. New A,ir, High I.mv !! Adams Kp I . ,"(t ."li 12 Am T k. T 0.. lis lis 7.". Anglo-Fr .-. ... i7rN !I72 1(5 AT&S ml go Is 77'i 77 JiiAm S A. U 5s. S'J'Sj S-m, 10 K ic O Tol 4s.. 41) 41) 12 Hallo & Ohio (Is. SOVj S0: 2 H & O os 'I).". . ." (54-j :t H A: l) cv 4L.s . fiTs U7M ) n & it :!'.. .. s:i M4 .". It A: OSW !'. 7." 7" !l Ileth S ( r. '.".0. ML.. S4'... 2 Hraden r .p (U.. fll'j ilUj 20 City of Mar li. Ml',, Sfli,, 20 Cit of I.Muis (is S!)5, M)4 ISfit of li..rd (Is Ml', Ml', 1(1 Cal Ciis & HI ."is 80 .SO L'O Cent of (ia (Is . DO !MJ 4 Central Lthr ."s. W !M 14Ceu Tacitic lsts. 72 72.. IS Ches & O 4.'.s. 7t! 7.. 1 fhes & O cv 4ia "3-", 7as 0 chi & Alton :!lS s.-,th ana, ."i rhi n & Q 4s.. nr., D.'iib 5 Chi & Gt V 4s. .-, ,-..-.i,m 10C M & St P 4s. 7s 7S 111 C M ,c St 1 r.s. 701- 70t-. .". CM &SP cv 4is 72', 72 4 CM & StPfd4-q fill t fiOTs 2 Chi III A: P' 4s 7.". 7.'t 17 Chi HI & P fit 4s (.251 02U 1 Chile Cop th .. 7R'h 78 I." Chile Cop 7s ...1031.. 10354 KIT. Con fias Co 7k. .lfl, lOOTs (! Den A: It tid S. 07', 07 1 Den A. H C.d fri.'.s 112V, f)2', ." D of Can 5s "21. 077-s 077s (ID of Can of '20. 01'; 04'-. 3 Erie 11 It cv U.. 30'j IW'o 12 Eric gn lien Is.. 40'-.. 40li 4 Erie prior .Is . . .15 55 3 Erin It 11 cv D. l.l', 15', .IHud A: Man aj.. IS'-j 18's !) Ill Cent 5'-.s. .. 01'.. til'-.. 1 IU Cent H M.I.. 72' .. 72' s 10 Inter Met et I'.. IS', 18', 25Iut H T fd .1-... 55 54S 10 Inter Met I'.js.. IS IS 1 I Am- (''!' 5s. si i. j sp... 1 la Cent ' 43 W s Imp ,lup 1 1st. 77'v 77 3o Imp J.ip i 2il . 77 70 s-J Imp Jap iv Is . 01', 01', 17 L S & Mich S 4r sxi.. s.", 2 Lehigh Val 0s. .100'... inn'.. 2 Lehigh Val l'-. Ml si', IMid S & Ord 5s. 82-'', 82"', 2 I Mer -Marine 0s S9 Mt 1 Minn A. St L 4s 43'... 43 i 10 City uf Mars 4s. 7s'... 7SU 1 Mo K C A. Tex 4s 57''s "ss 1 1 Mo Pacific gn 4s 50' , 50 1 Mont Power 5s. SO si; 8 Morns A E 3'2s (II)', (Ki'i 7 NYC&HK db (is 02 02 S NYCAtllll 4js, 7(1'.. 70' . 2 NYC A: St L Is. . 78'-.. 7b.. ,'l (' of N" Y4'is '07 00'.. SMl'5 is C of NY 4's "CO i0 00'.. lo t'ltj of N Y 1'js '01 00 7 Citv ot N Y '(!() !i.1i . 2 V Y Tel.- .bb (I, IC.'j 1 N'orf A. West Is 70 1 N Paciti.- is . . . 75', 1.1 N Piicill.- ." .. 53'j 10 N ( Tex A: M 5s .IP . 1 N Y St Ks P..s .-.- 1 Ore Sh Lin fd Is M"', 1 Pen- Marq 1 0!tTs 1 Pin- O.is A: El 5s 70'.. 1 Pu.- T.I A T.'l 5s s,1 !) Pa It I! g m P..s sOU 2 Pa It li 5s '0. s) l Mio "'! v iro ..- -s. i - ', J Iut ilcr .iar n. . mi 5 I.orillard Co 5. . si; 1 1 Heading gen Is. 7si; Hi,, (i A V Is. irji.. HO", :i5'.. 0.1' 70 7.1 V, 53 5 Pi 52 Ml;'i 00t'k 70 'i s.1 srn; 80 V"! I-INAVI IU. imlrlrliil. K. . ( I.AItliACO.. lljuT Omc of ll.r HuiitlnKilon ll,,enillfII, ,, WlKraini-p STOCK DIV ll.l.vr, No ;i Tli H i-l of Hire, torn t ih. If unt lnutoii JvlormT i .... I il. a . nmeui.i. h"a Vi".ir2, tb,rrular .1 .. i Tlv dividend f nnr uJ OBMiuir per crnt HV.I uku, the .r"frr"8 fJS11.0' !".' "'nr""1 j P.Me April l.t lOJO, to utoiKlio ilere. of ri.,rd ut the clu of iraiWw March '.'Sd 1020 uo clu" Oiet(a will I iimll-.l tu hnldnra o." Votlric Truatee'a i-..riirt'MiH f i..F.i,n ' Fit A NIC T Cf.AKK- rtary I'lCNN-iu-itifiii'RNirrT nir, ro. . I3D-M1 Sonlli llroad Ntrrft Tlie Una .1 of Dlrcetura, at a aptclal mtt IflC held ilareh 11 d;clrfd un etn 8 fuck ilM.lrn.l patabli. April 13th to nil ktookholdsra of recur. April lat In addition to th rmulur 2 caul, dividend du on tb liuio date. .. D. C. HCOTT. Treasurer PBN'N lllJUKIIt'ltNETT OIL CO. 4tEEL & TUBE COMPANY OF AMERICA ,'l'h llo.ud bC Dlrrclora hu. .I'clArrd Urn lrular quarterly dlvldtrtu or li pr nt HV I ,.r ten. i uiiiu.pn.7 (f.viD.rfiu o, ll.P rw.'H'"7i pa"tlrii x, jvsv. aiocunoitivra ni tr.rnru at too cioaa tw March SO. W0. Th tramfer win rtamii. cioaca uniu js o'cjocx UUJHTNaHR. ;u iTtitutcr. " , " " " "" i IwU 3. IBM. rJ J A. A, Sf rrelda is H I A A 1. P.ja 02 lo St L A; I Mt Is. 7 l-ls I St 1. A S P C S7i, 1 Seaboard A I. I COS !' Seaboard A L nj ;"", 20 So P.ic cv 5s. . . .104 17 So Pac v Is . . 70 2 So Pac Is 70 1(5 . sin 1v s urn Is. .10 30 StL A SP ui (Is Hit piStLASP in tu . 101, 2 StLASP A Is.. .1X1.. JTeiin C..i C. (J.. UP , 12 Texas Co cv 0s. . lfM-"i .".Third Axe fd Is. 17'-. 31 I' K of C. H & I .". '22 02'.. 25 1 K of II II & I 5'os '20 00' 24 C K of (J H A I 5' .s of '21... 7 Pu Pac Is XL' 10 In Pac fd Is. . . 723, 2 Pu It It S F pfd 20M S P II Invest Co... 80 1 P S Hub 5s S1-"), V2 P S Steel 5s 00'. 30 P K of (. II & I Ti'.jh of '37... SSU 2 I'KSM & ROs.102',4 1 Western Mil 4s.. 53 2 Wilson Co 1st.. 00 (1 Wilson Co cv (Is. 01 80 SO 7x 02" '. 01 Ts 7PV, S71( l!0. 37-1, 103' 7xTs 70 .-.ss; (l.1-l op-:. 10l-'Va 47'i 5 90 r m .111 Oxl, 07 ' j 77'm S2'4 40 80'.. t!5 04"s Mjt, 7. M'.s 01... S0'4 SQ4 80', 80 00 04s'S 72 U. 70 " I 73-s 3.1 "s 0.1'.. I 50 78 70i. j 72 7 j 02 1 i 77$ 103' i 101 07 02 ' 07 Ts 01'f. 30'.. 10'j 5.1 1.1', 18' K 1)1 's 72'i ,m is 81' 43 t5 7i 70', (II ', sip , 1001 , stj " SO 43'.. S'j ."7i 50 80 oo',4 02 70 Vj 78'i 00 Vi W 00-1, 05 U. Wi 7(i 75 U r,3. r.i'5 52 809 ot5 70'.'. 8.1 " 80 'A SO 82 -V. SO 80 78 02 Vt 02 74 87 009s 371 103 ',i 70 70 589', 059 58 'i 101 f, 1714 02 Vh 02', i 0 'i 00', OOi, 05 05 r; 821,, 82 'A 72 V, 72 l 20 :V, 20 s nT(i 70t 819, 81 00 ',5 00 i 88 88 Vi 102', 102', 53 53 fJOOs, OOifi 017h OlTs MONEY.LENDING RATES NEW YOKK Money on call, both clabsefl of collateral, opened today ut 7 per cent for lending and renewing. ,rniT,Al)Kr,riIIA Call. 6 per cent: lime, 9 per, cent : commercial paper, i to 6 monthHMO per cent Male 111 ( 00 .. too loo n On u aaio .. goo 3)0 10' 7 330 & 400 3 401 K 'HM 10 270O .. ?0 12 'OJ COO A90 .80 103 7 '.'00 4 .1700 6' 1)0 1 If M 3 0 JO 0 1100 .. If to -'00 7 1100 8 (5)0 7 CI JO 10 sOO g '100 SO ion xi 4 JiOO.) 1 200 7 t) A00 . , CS00 4 700 C SOU I, 200 S 5M .i 7 300 10 "C2J0 2,10 200 . 7 12)0 .. 200 8 5000 100 S HOOD it 100 8 5J0 1100 100 .. 100 830 10 00 200 100 3'J . . !Q0 C 100 10)3 lo 30)0 5 100 7 45J0 4 0vS)0 s .1)4 4 100 100 C sirt") r.. 103 100 8 2)3 7 JO .. 27)0 .. I 10 (I 9).l 7 W0 y l.t JO i:t l.lo loo t id t .103 .1 .il)U 12ll S 25 ' 1 100 4 n .. .14 )3 .1 imu 7 .5 JO .12 10 7 1200 7 100 JO 4 111)3 12 3tKJ 11)0 0 100 7 II 3)0 22 ri 10 '.' 0 SI U 100 H 200 is 300 IU tUJtl SIO io: 2 100 u too I JO H 300 020.1, 12 100 C aiooi 700 tl 2 . U 100 V 200 3)0 -7 170 4 ISO 7 1) J 4 loo r. 1.100 i 3JU u :too 7 I0U 7 15 JO 0 3)J 0)0 32)0 ,-,:))j u 700 2.1)0 too n itirh Atlama Kxpress ... .1414 Advance Itumely 2b Advance Humely pf . . 70 AJax Rubber HO Alaska Gold Mines ., .1 Alaska Juneau a M.. 2li Allls-Chalmer 44 J4 Allls-Chuimers rf ... ti'A b'Am A&rrlo Chem 2 Am Hank Noto 4.1 Am Hoot Suear t Am lloseh Magneto . .121K Am Can 41 W Am Car & Fdy 142V5 Am Cotton Oil .... W Am Drug Syn 1114 Am Uxpress . . ..1201 Am Hide & Leather .. SSl4 Am Hldo & Loath pf. .1171 Am Ice 42J4 Am Internet Corp . . . .104ri Am-La liYanco Km,'... H' Am Llnsocd 67 Am Locotnotlvn 107 Am Ship & Com . . . MU Am Smell ft Ret .. W Am Smelt & Hef pf . 5Ja Am Steel Foundries .. IftM Am Sugar Ref . . .IS2 Am Sumntra Tob . . . ,lC'4 Am Tel A Tel MH Am Tobacco 582 Am Tob See temp ctfs. I'H Am Woolen l" Am Woolen pf 102 H Am Zlno Lead & Sm. . 20 Anaconda Copper .... C4 Associated Oil . . .111 Atch Top & Santa Ke. 13 Atch Top & S F pf . . . ISt. Atlantic Coast Lino . . 8; Atl Gulf & W I S S..165 Baldwin Locomotive.. l42'i Baldwin Loco pf 10015 Baltlmoro & Ohio .... 17 V Barrett 124 W Bethlehem Motors ... 31 Bethlehem Steel ... 00 Bethlehem Steel II ... t' V Bethkhcm Stl 8 pf.112 Booth Fisheries 12'$ Bklyn Rapid Transit . l'-i Bklyn R X ctfs of dep H'4 Bruns, Ter & Ry Sec V'i Burns Bros H" Butte Copper & Zinc 101a Butto & Superior Cop. 27 H Bush Terminal . . . .00 Caddo Central O & It. ', California racking ... t-2 California Petrol ... 41'5 Canadian Pacific .. .I'S'4 Central Lenthtr H Central Leather pf...!0i Cerro de Pasco Cop .. '5'a Chandler Motors IM'j Chesapeake & Oh'o... 3s Chi & East Illinois .111 Chi & E 111 6 pf . 10" Chicago & fit West . 9 Chi Gt Western pf .. 23' Chi & Northwest pf 11R Chi Mil & St Paul .... 40 Chi Mil & St Paul pt.. tR'i Chi Rock Isl & Pac. lh'4 Chi R I & Pac 6-i pt (3'4 Chi R I & Pao7 pt . 7"2 Chi Pneumatic Tool . 1C7' Chlln copper ia'i Chlno Copper "C3 Clev Cin Chi & St L . WA Coca-Cola Colorado Fuel & Iron. 30 ?4 Colo & Southern .... -t'i Columb Gas & Elca .. CI Col Grnphoplione .... ' Comp-Tab Record . 34 Con Interstato Cal M . lO'a Consolidated Textile . 34 '4 Continental Can 91 'i Continental Candy ... I2'4 Consolidated Gas .... C1?e Consolidated Cigar ... 50Vi Corn Producto Ref... I'A'4 Cruclblo Steel 743 4 Cuba Cano Sugar H 1 Delaware & Hudson. . 09 '4 Detroit United Ry . . 100 Denver & Rio Gr pf .. Jt'S Llk Horn Coal :i',4 Kndlcott-Johnson ....MS Lrle 1434 Krlo 1st pf '.Sri Famous Players-L ... f" Famous Players pf . . 6S',j Federal Mln & Sin pf. SGB Fisher Body 131 Flsk Rubber 18 Kreeport Texaa ici-j Gaston Wms Wig.... 10 Goneral Clgnr 70 lieneral Clerar pr . . . 03Ja General Electrlo ...,l(,l?i general electric Rts.. 3j General Motors 403 General Motors pf . . . 84 General Motors ctfs.. . 40 Genl Motors 6S deb. 77 i Goodrich B F "3 Goodrich B F pf Gray & Dals . . . Great Northern pf . Gt Northern Oro ctfs Gulf States Steel ... Haskell ft Barker Car Hoinestako Mining Hur.-i Motor Car ... Jtnt Harvester . Int Hai-v pf new . . . IUIn .Is Central .... Inspiration Con Cop Interboro Con Corp Inter Con Corp pt . , Int Mer Marino Int Mer Marine pf . , International Nlckul International Paper .. 6B Inter Paper pf strd .. .fljj 94 .13 13 41U 70 a . (4J4 30 . 18 .132'j .lll'i . H4 ..S'b .' ' . 14 . :, . IOOJ4 . L-.'l. T,ow 34 42 Yk 70 80 114 1 43M 4V4 01 4314 h7t4 120 01,4 (4114 47H 12J Ml 18 117 42 10354 1.1 to 103 24( C8H 04 14 I7? 131J4 104 97 J4 302 (A lilH 102V4 10H c:i 117 tiH 784 IC3 133? 100 S0T4 121 U 2W 00 10 112 llT'a 14i 1H4 715 ion 0T4 1714 00 i3 to V ton 12P4 00 H 102 Vt tl 131 U 38 II n IO'4 SH 23 Vt 118 3914 i7H 1714 314 '.6V2 103 14 in .0 30 ro no '4 V4',4 C'.l'i '414 31 iJ .-i'A to 14 121 0214 18 13 235 8H BSJ4 100 !4!e 22Ji inii 14' 4 '314 60 J4 88'4 10 13214 i7J i35'a 1SH 70 3 ?4 li 1?4 1'i ;C3 81 G?t 701, 'I ft 01 31 6214 40 70 (2K 30 7)4 I32U 110 9115 .IK 414 IMS 6ii 0814 b"m iOJi .1:80 Net Close Cher, 34H 254 m 70 I 80 4 1 174- 4 a 12 '-4 44H4- H k4V4 l oi - ' 43W 1V4 t8 - '4 12014 I- T4 40i - 14 142'- 14 48 4 1 1314 ' 1I0J44- 8 S8144- H 11714- 42 103,4- 13 4-10144- 107 4 24H 0014 94 14 47H- 1311 4- 10414 214 B7J4- IS 202 2 MI4 114 137 215 102a . 10H- 3S4 117 84 78H- 84- 113 12 100 li 17 4- 124J4- IH 3014 VS 8(1 H L7H U4 'A Vi H IH V H 4 94 Dlv- Sala In I ... . 30 .. Int Mot Tr lat rtf '.m 100 3.40 IntMolTr'iTp?'.:;: "' Iron Products Corp .. 4 2o ;. SM Conduit & Cablo. 11V4 liiS 5 Nat Enat1' & Sump.. '.Ot4 1200 0 Nntlonal T. ' -if4 ' Novuda,concopp'er':: 14 A New YorkNHA ii:.' 3414 7 Norfolk Western ..in fNormern Pac 13 Nova Scotia B 4 C ... C754 Ohio Cities Oa....;: 45 Ohio Fuel Supply .... 62 Ontario silver Mln... Bt4 Otis Elevator 37 Otis Steel 3jii Okla Prod A Ref S Poclflo Gas & Eleo... 3314 Parish & Bingham ... 4114 Pan-Amer Pctro 10414 Pan'Amor B 0714 Pennsylvania R R ... 4314 Penn Seaboard Steel . J8I4 Peoples One Chicago . 4014 Pcro Marquetto 20 Philadelphia Co 33 H Plerce-Arrow Motor.. 704 Pierce Oil is Pittsburgh & W Va . . 2014 Plttsburgn CotP..,, rs4 Pressed Steel Car ...,103?i Pressed Steel Car pf.,102 Fullman 121 Punto Alegre Surar ., 88 3730 470 ,00 12)9 7)0 100 2)0 100 13)0 800 100 700 9500 (HO flOO .1)0 1300 22J0 8ln 126)0 230 2)0 800 1100 100 10) 2.1)0 200 too 300 .100 100 400 4 4 .30 .40 4 3 0 3 4 8 7 N 4 8 .Railway J5teel Sprlng'.lOlJ, Jewel Tea Kelly-Sps T 6 pf. 7 Kclsey Wheel . . Kansas City South . Kennecott Copper 17 .132 , 80 13 32 .... xiuicuuii v.opper til 20 Kytone Tiro ft Ruo. 40 J4 5 H 14 " Vt 14 14 114, Hi 14 14 'A, i 11 12144 144 1114- 714 110 on 2714 00 40 i K4- 0114 102J4 41H 18214 58 ll'4-1014- -H- 25 J4 IU 3914 1814 ;s 314 7014- 105 J4 IH 19 5614 50 :0 4 38i -4!4-44 4-13JJ-21 4 70144- 1 K514 4 a 241 11 BH H 0014 2?4 100 1 414 Vt 22T4- H 118 - 15 14 H- 14 '-3 14- 14 8114 11 8814- 1 i014 14 13214- 3 .74 15 .014 .. 15JJ T4 70 1 00?i Hi 14 A 3" L73 81 17U 7714 2?4 52 - l' l U4 35 1 tn r 14 404 14 70 - ,'24 50 7J- 132 110 - 0115- s71-5 414 1415 iO - 19H 1'5 '-2 - (, 87J4 !i .074- 1, 100 3300 700 300 100 400 83(10 (500 700 100 100 ' 100 1100 270) 300 000 400 100 14000 200 T.nMerln finn tf flf T. Li 0 Lackawanna Steel ... 8014 .. Lehigh Valley 44J4 . Lee Rubber & Tire .. ?4 13 Liggett & Myers Tob. .170 12 Lorlllard Tobacco . ...161'5 . . Lorlllard P Co rta . . . 9 .. Loft Corp 1014 3 Ixiewo Co 31 V Mackay Cos 04'4 4 Mackuy Cos pf G4J4 10 Manatl Sugar 115J4 7 May Dept Stores ....134 .. Maxwell Motor 37J4 . Maxwell Mot ctfa .... 3014 .. .maxwell Mot 1st pf.. o .. Max Mot 1st pf ctfs. . . Max Mot 2d pf ctfs . 01 Mexican Petroleum . J Miami Connor 3414 . 2614 .203 0700 1.20 Middle States Corp :314 1100 200 7)0 311 1100 470 100 Mldvale Steel & Ord. 4814 Minn & St L new Missouri Paclflo ... Missouri Paclflo pt Missouri Kan & Tex Montana Power ... Mulllns Body 100 3.30 National Acme 14 7 214 114 IS ) H 14 COO 100 100 too 9210 100 151)0 130)0 02)0 1200 21)0 14)0 2)0 103 100 32)0 4010 9)0 9300 25 j J 11)0 1301) 08 U 30810 20)0 4000 3i)0 5700 100 10(00 (300 309 7 2S..0 100 2.50 COO 140J 3SJ9 1000 3)0 100 200 17400 000 3)) 78)0 84')0 300 3J0 071)0 5)0 V0)0 31503 110O 30J 10)0 100 200 200 1700 100 13JU 30 JO moo 100 200U 100 17 H 2014 47 . 07 , u , 38 . t.7 . 0914 . . 98 Nat Anlllno & Chem 5 NatlonaPCloak & 3 7 National Cloak Df ) HnV CnnnnlMntA nn ID 4 Reading S8&4 Reading 1st pf 3514 . Replogle Steol 4814 u Republlo Iron & Steel. 1CS4 . RoyaJ Dutch N Y ....10494 C Savage Arms 8014 . Saxon Motor )814 . St L San Franclnco . 2314 Seaboard Air Line.... 814 Sears-Roebuck 23414 Shattuck Ariz Cop.... 13J4 Shell Trans Trading ..814 Sinclair Consol Oil... 4414 Slosa Sheft S A I .... 75 Southern Paclflo 102?4 Southern Railway ... 244 Southern Railway pf.. 714 Stewart Warner Sp.. 4514 Stromberg Carb 60 Studebaker 11014 Stutz Motor 228 Superior Steel 5494 Tenn Cop A Chem ..11 Texas Co 21414 Texas Co Full Paid .207 47 7594 07 20J4 31 05 ... s-f4 ...12214 ... 3014 ...200 1214 8114 20 IA 67J4 Texas & Paclflo Tobacco Products . Tobacco Products pf, Transcontinental Oil Twin Cltv R T 8 Union Bog & Paper Union OH Union Taclflo United Alloy Steel United Fruit United Ry Invest .. United Rv Invest pf United Retail Stores U S C I P A Fdy . . U H Food Prniliir.t. . U S Ind Alcohol 10114 U S Rubber 11394 U S Rubber lat pf ..112 ( U S Smelt A Ref .... C0!i U S Steel 10394 U S Steel pf 113 Utah Copper ,o Vanndlum Corp 70 Va-Carollna Chem .. .0?, Wabash ai'0 Wabash pf .. 574 Wells Fargo Exp .... 54 Western Maryland .. 1095 West Maryland 2d pf. 1C94 Western Paclflo Jsj4 Western Paclflo pf . . C4 WeBtlnghousa IS A M. 5414 White Motor 13 H Willys-Overland i3 98 Wilson A Co 734 Worthlngton Pump .. 05 Worth Pump pf A. . . . 84T1 Ixiw :sh 1014 i14 1114 70 84 H 1414 112 7514 35 15 S214 f4H 45J4 53 HJ4 37 3114 A 14 314 4114 103 oon 43 28 40 10 3014 C914 184 2914 18 10394 102 121 84 101 Vz 17 132 80 18 3114 34H 42 70 4414 4H 170 104 9 19 3094 0414 C414 113)4 132 13 30 40)4 45 20 185)4 '.3 3014 4794 17 2914 4014 oy CO 44 28 . to)4 0914 98 19 "OH 35)4 47 104H 104(4 7H 17J4 5.314 814 2241 14 12)4 to 3H 10194 A nv2 4494 84)4 1C8&B 215 "14 JOJs 2124 207 4594 72 00)4 &0 31 91 Ji 14)4 12194 50 200 12)5 :o)4 ".74 20 07)5 100 112)4 113 09)5 10294 2H 5794 G7 94 5314 u 27 H 51 1094 1094 i7Ji 01 33), 02 )4 14 'A 94 V 1 1 I 1:30 Net Cloae Cbtra. 18H IH 0)4 14 40)4 14 llt4 . 70 eH 14)4- 112 - 50)4 34 en I 82)4- ? 07 39i 4514 . . 52 8)4 37 - 31J4 H 43)4 4114- 103 00)4 43 2S 40 29 Ma 39)4- COW )894 2914 I- 48)4- Vl 10394 -r 94 102 14 121 !4 85 Vt 101)4 17 132 1 80 18 94 31 )S- J4 40 4 42 0)4 194 44)4 J4I4 170 10414 n 1014- 301 64)4- 3i C4)4 V 115)4 )4 133 3 30)4 30)4 114 CO 3 45 14 200 109)4 514 23)5 )' SI 15 , '8)4 17 29' 4015- 9)4 !5 ' Hx dividend. 73Ji 3)i St',1 07 44 - 38 -66)4 09)4- 08 19 - hOM- 35)4 47 1084 1044 80 Wi- 23(4 814 2.'414- 1214 80 - 3H-UA-U2I4 '494 1714- 4494 84)4 H8M 215 - 394 2)4 10J4 . 214)4 3)4 207 1494 )4 7594 2f4 07 1 i 31 05 494- 122)4 50 200 81)4 4)5 4oyt 1 17)4- J4 101)4 1 112)5- )5 112 94 09)4- i 10294 -. )4 "2H- A '794 )4 M '3 14 - )4 274 f 54 -1094 10J4 -7J4 J 64 3)4 02 --5 -53)4 t.D4- 84 K - 6 14 U4 V U4 Vt 'A Vi 14 H 94 A 15 7)4 Philadelphia Markets WHEAT Ilecup's 30.BS9 buah. The market firm at eov-rnnient pries COXtN IlecelDH s'jTD buh rirm. Wo quote now. a a i quahts and locatlcn. ut tl TOfll BO. the lat'.. r for No llow. OAW Rk,. pu -,;oi buh Advanced 'A1' .,-'.ur. lms -" l0 Ivranon No 2 while, II u.P lotl :.o :i while, UUi'A&l.UO. No 4 uhlte l Ot.j ,j i .1,. KlxjLJJt it.i.ripi( 1 sou, 370 pounds In bucks. uun uuo'dtlona, i.er 100 lUi S lbs. apiece. fiOc, elirhlnc D lbs apiece, rhK&H FrtUIT.S Apples ........, t,,.,.. .... . . ur bbl . ai to I 12314 .'... (.run- packed In 110-lb. wut aavkk Soft winter atrulsht. wmi. rn Ji" 75ti 11 i'5. do. dc. niarlii. Hun-, mi, ),,ri winter, stralitht, 1J .'3 I.' 70. do tu rt Datent. I13.23U 1.1 ,.o. sprint- itrat !. ar ill 50810. do, r;ni IU miU'13 IK n.jrt, patfiit. 113 30 tit 1.1 ... f 1 nnv unw.r. r .... .!... . ill. .. 1 n . famfl hrartda ill lnu u in U1K FUiUlt 10 j-,. in ,,( r bbl. In aacks. ah to nalitv 1'IluVltllO.S.-, linn H-cf In aela. amoki'd and uir-drlcd 50... f. .f knutklea and tind'io. rmok'd and . i drl.-d. Sic. pork. Jiirnlij . 52.., luima I , ur.l, looae, i8' ' .'"i r. do tklnn.d J7W28c; do. do, prnoktd L'saao. I, un Lolled, bonlea, 40. , picnic Minjldcm .- I' rured. loose, ;oc, do molcd JI. li. ,! . in pickle, loose, 1'4' breakfaai ba.iri ,l. lard. 2:Pfc c. lit ri'KIt tlnn i;u. i iiona follow: Solid packed . roanRry. fan hik-h-acorlns Kooda, "lfl'S. ixiruu. 7". era tlrts, OSOUtic, Urals 'UR'ITt .- .i J- 50t35c, aweel creaiiLTv, ihol.e tu f.'i 72Q'71c: fair to eood tnii71c prihia joi diiiu at 78'ooOc for fanc and at 117 'tf 77. f r fair to aood. EKiii llrm Tr.'.. mis, nearby tlrsla. 1117" r'r crate, n.ari . urrent receipts, 111 10 wo-item oxira fir-. ii lt0: weatern tlmta 1o south. rn til SO. selected freah fi,'ifa Uihbjnir at ."ill'" ' rr dozen i in-:i:sB at.Mdllv hl I ... York, whnle nillk flats h-ld fane. J it, tl 30c, specials hlahT, held fair to iti ...I Jt Wi'flc. .-urrnt malt, nominal Wis. ..riMr. whole-milk flats, hld fan L'!iV 1(3... t. r to xood. 2S' W '.Ml. JubblnK sales uf lan. heid xcods. 32 3V POl'LTitY I.IVB iV'ovils lancy fat. 43 if, 4". do medium. tSi 4 1 , do Inferior, 3SU4U', bruillnir rhlck.ns fancy soft m'.aled uelghinir I'-s &3 Hih apiece or.Cd 110 sprlna; ihlckcns nvii,e soft-meatea. IL'flU .h Inferior 38S4'. Htuuicy younK roosters 'tlfiuCc old looHtera, 3Q,'-,tlc T'ucks whits I'ekln 44''i4U, do Indian Hunnr rj'frl.lr. 'd. Monovy. 80&32r Turke h, Hj tl 13c riaeoiiN per pair, 33 OKKhSKP I'Ol'l.TflY -l'cwlit. freih-kllld. drypirked in boxes, welihlna- 4 lbs. and nvr aplrm lie. uelKhirK .V lbs,. 88tf 3'..c wla-hmu' 3 lbs, :u.i3t). fowls, fresh killed In hiIs. dr -pl k.d welshing 4 lbs and over apiece, 40Vi wciKhlnir 3',4 lbs 37 4l38c, wi.ltfhlna; 3 lbs . 33 'u 33c- old roosters, dry-i.likeil t'llu, broilers Jersey, dry-picked, .1!S60i do ordinary, n. urby, dry-picked, no U3Bo broilers, western dry-picked, weigh In l'2 lbs apiece 18B0c, roastlnB chickens wertorn. dry-pl. ked, In bbl . oIahlnit 4 lbs and over apiece, 40Q.42O, welching 3H IbB aple 17W400; welching 3 lbs apiece. 3fl3T , weluhlnsT 21, Jus, apiece 4t(ffl2r, western corn-fed chickens, IB to box 17 lbs and under to des., per lb. 4f,esOe '8 o 24 lbs to doa . per lb .48 30c, 25 to 30 lbs to iloz per ib., 404.e. 81 to 38 lbs to do,. 3738C! 87 to 42 lbs. to rtoz 3738oi 43 U) 47 lbs. to doc., Pr J. 3840e, 48 Iba. and over to do., gJ ' 4104201 cipons, western, we'chlng g to 10 lbs. ap eoei 0OS3er m. AVlr toek higher; welching 7 lbs. npleee, 0ir-?rlbln iuuiir, 4tui.i uu. ir uux i.tu4.t. ruii berries, per bbl 137 Oranaes. Kloridn, per box. I.UuSiS, do r-aiifornla, per box, fl" ,fl(fi) Bu Urapefruli. Florida per box, II 731 I 80 Strurtberrlts. Florida. i.r ot., SOW One VK(JKTADI.I htte potatces. por cwt , !A fluffs M5 S.i iituto. s. southern, per hamper. tl.33n.' in do Jer. per bHht , II 2541189 'nbuai:i .w York nnd Dan ish, per ton 80.1(11 do Florida, pr humpnr J 73 3 r.d unions, jn-r 100-lb. sacks YMlow No 1 I0 73JI", dg, No !, II 50 3 50. FOREIGN EXCHANGE Ne York, March 22 The foreign exrhnngi' market showed material de clined from Saturday'a final tlgim-H. .Storling Khoued a loss of about 3 cnth, at 1 "5i,( for demand and 1 "" for cuinea. FnuiCK wito down 10 roiitlmes, talileM being tpioted at 13 03 and cheekH at 13 !7 Lire were fairly nti-ady, cables being 1!' H nnd checks Id. JO. Neutral exchang"H (.hnwod slight reu.sHlons Quotations utrc Swiss rubles 6 81, cherk f. Hi : guilder cables 3u'ji, chtcks 36 i pen-tas cibles 17 70, chockH 17.61, Stockholm ethics 21.00, checks 20.86; Chrlstlanla cables 18 35, checks IS JO , "opetiliageti cables 17.90, checks 17 7.1, Belgian cabbH 13 35, checks 13 37; marks 1.23; Aus trian kronen. 4 3 fATL'ftDA Y'.S n.NAf. QIOTATIONS Sterling Trams I.lr Oulltlers Dftnand . 78 13 77 la 8J HOH Cables . 3 70S, 13 75 IS Ml :mJ TODAY'S Ol'KNt.NO QfOTATIONh I)mand ... 3 73 13 07 10 20 .'IH; Cables . 3. 78 13,03 IU 18 30T BANK CLEARINGS Flank clearlnc todav r.n.ipirid with .or responding day last two nrs. in.., ,..., j 1. 1,. la. ..J73.838.74l til 43u(,13 1.13,327,431 It'll . 5.1,1115 317 I2.1.J .l.l.ojl.oiiii Y. ...104 122.288 470l.su x3 4L'l, 733. HIS Phila. Host N Reserve Banks' Discount Rates OfHolnl discount rates at the tweln federal reserve bunks worn as followa: The first column gives rates for all periods up to and Including a 10-dny maturity, tho second for a iit-rlod of IU to 90 days. The third and foilrtli col. umns give tho rates for dlhcoiints of col lateral loans secured by government bonds or notes, Com'l paper Govt paper iu to uo in to 00 Huston New York Philadelphia Itlchmond , . Cleveland . , Atlanta .... Chicago .... 8t Louis ., Minneapolis Kansas City Dallas Man Francisco . 15 riaya . tl II .. U . . a . . 0 .. H . . II -. a .. n a a a daya 13 day I (I II II II K II I H n (I Ali days Rates on outstanding certificates of Indebtedness continue unchanged at 6 pel cent, with the exception of Minne apolis, where the rate t 44 pert cent. LOCAL MININq STOCKS lUKOl'AH STOCKS Cash Doy . . . Jim Uutlcr . MacNamara, . , .Midway -Mlzpah lSxt . Montana . . . North Star ,. Hesouo ilula Tonopah Jlxt West i;nd . , . West Ton Allied Dlv Alto Dlv UUchi-r Hen J fur llrouch Dlv DMdo Uxt Dlv Hnd Dlv Con KUIuVn.l Kast Dlv Ilasbrck Dlv High Dlv IteNcrl Dlv . .. Itt-uu lily llosettu Silver King Ton Dlv Ton Hasbrouck , . . Victory Dlv .... Verde Dlv .... ouo UOI.Dl'II Atlanta lilue Hull . liooth i.- O D Comh J'rar . CraclterJ.ick Dlamundlleld II JI , rioroncu Daisy tlnldf Merc Clold Dev Clreat Jlend . . . Juml llxt Kewanas Lono Star Oru ; rte.t If Ills Silver l'l-Jk . . . 6.arheatl DIVfDU STOCKF '(. .7.1 ua ii.i . .in ... . n;i (13 fi'J .18 02 . IU "1 2't . . (.(I .07 (Hi 23 :i.r fifK'Kj, 2 02 II-, .'!.' ,11.1 no ot 25 ,0'J V ,07 07 IIJ III .113 07 .III 3 ... L'O Ot Pld Ask .10 ,o ' '-' ,( !!'.' " -' 23 - 2. 1 ' 'l .09 '-' 03 V 05 "7 1.' .02 MIBCBI.LANEOUH Ampsro .. Ariz United i:.len Mother l.odo Nev IIIII . 1. 1.1 U IK 02 1 20 51' 01 BUTTER, EGGS AND CHEESE New York, March HJ HUTTKll firmer, necelpts, 4017 tubs Creamery, higher than extras, (lOVfinVj., treamery extras (O" score), US'vr first. (88 to 01 acore) 01 30'4uc"" """"' c,Jrrcnt '""ke, No, , K.aoa firm. Jleoelpts 10 170 iaes I'resh. ca hired extrn firsts, 40V4 B0c, ttrs'ts 47 0490. state I'eiinsyivanla and nearby'we.t. ern hennery whites, firsts to extras, B400oi state. Pennsylvania nnd nearby hennery "!"""!' ei""."' Dl?8!ic' lo cathertd hrown, '"mJt'SuV?1""' ,nr,t, M,". 470820 CIIEE8B Irregular Ilecelpts, 854 boxes, fltote, whole tntlk. flats, hold, specials, 30O ale: do. average run, 28O20e atate. whole milk, twins, held, specials. 200800: do. LOCALMARKET DULL AND STEADY U. Q. I. Carried Above Par. While Lako Superior Was Sold Freely Wl.lln Hio trnrtlnr continued restrict ed the tono of tne local market tvaS much stronger. Tho exciting bulgo in New York once inore diverted attention frnm ftio lncnl ntnrttB rather thttD stlulU- lntlng speculative Intercut. United Gas Improvement nnd Electric Btorngo uai tcry wcro tho outstanding features of ,,. rrt.A Mn.A rpnsslnfr Tint? to 00. On small dealing Electric Stor age uattcry was cicvaica j to " There was continued selling of Lake a.. .(. rA..n,BilnM V.nt tho ntnrk Fltl OUllcuui uuiiiuiuu.u. - -- ..-- --. parcntly had good support tinder 20 for a time, but the Increasing preMiuro later caused mo siock io uccuuc iu xu-n. Insurance Co. of. North America war rants yielded to 0. while tho stock held nt 28. Lehigh Navigation was off 2 point on limited transactions. Penn sylvania Knilroad continued to be well taken nt -1.1 Vi. , , , Nothing in the over-Sundny develop ments were of sufficient influence to produce any essential change in the con ditions of the locnl market. The brighter prospects, however, of somewhat easier money market conditions have created a more cheerful feeling, but everybody is disposed to await something moro def inite than promises. Philadelphia StocJts Net Ijit 2 p.m. chce. $VA inch 10 'Am Strs pref.... 02 02 02 115 El 8tor..ll7V2ll7 117 7 1 Lo A. -e -o 040 do war.. 7 0',A 7 . . 1700 Lk S Cor. 20 10?i 10?4 Vi lOLans Mon 81 Vi 8l'j 81.. 10 Leh Nnv. 04 04 04 V 7nT.nl. Vol . 4B 40 40 Vi 272 Pa R It.. 43 25 Phila Co cum pf.. 35 101 Phila Elec 25 2.10 Phila II T 24 24 a4.. 300 tTran Oil 20 20i 201t-f- Vi 110 Un Trac. 35 34 3o .. 0S0U O I.. 00 00 00-f. 10 tU S Stl.103 103 103. , 00 tdo prcf.113 113 113 00W J&SS 40 40 40 .. tNet change made by comparison with last sale on New York Stock Exchange. Ex dividend today Am. atorea pf.. 11.75. 10 43 35 40 43 (i 35 .. 25.. Vs Sales In J1000 Low 70 Net p.m. chco, 0 Vi 03 63 T10ND9 JIUth AmG&E5s70 5 lialdwin IjO 1st 5s... 00 00 00.. 2 Elec & l'co Tr 4s .... C3 2-5 Lib Bonds 2d 4'As.- S9.4H bS.UO 4 1-5 do 3s 00.80 00.80 1:1-20 3d 4s 02.40 02.10 (1 4-5 4th 4'Ae 80.00 80.30 1-10 1st 4s... 00.20 00.20 11 vie 4:7,. 07.0:: UT.-y 7 Pcor&E 5s 00 00 2 Phila Elec 1st 5s . . . 01 01 2 Head gen 4s 70 70 80.40 .18 00.80. 80 02.40 .20 80.00.. 00.20.. 07.52. 02 00 .. 70 New York Curb Amer Marconi Amer Candy Hrit-Amer Chefnica.1.. Car Light Chalmers Auto Cuban-Amer Sugar .. Farrell Coal General Asphalt .... Goldwyn Pictures .... Indian Packing Montgomery-Ward . . . 1'trfcctlon Tiro Pressman Sweets Co If H High Speed V M Steamship United Profit Sharing United Picture Prod INDCSTKLM-S High Last 13H 38Vi ltJli INDEPENDENT On,! Allied Oil "i Allen 3 Amat Itoyalty 40 Boone O'l 5'-y Hoston Wyoming Ui Carlb Syn 324 Cities Service "B" ctfs.. 10 Cosden & Co 0'4 Esmeralda Oil J Federal Oil 3U Ollliland pref 07 (llenro.lt Oil 3t4 Homo Petroleum 3U Hudson Oil U Jnter Petroleum 43 Invlnclblo 49 Island Cll 5 King Petroleum 3H IndiJhoma Itefliilnc n Lone btar (las 3d Livingston l',4 Manhattan Oil 23 Merrltt Oil ai4 Metropolitan Potrcleum .. 3 North Amer Oil 41', Omar Oil ntt PennokOll 7W Ttlekard Texaa 1ft Ilyan Oil 4 Salt Creek Prod 02 14 Sequoyah Oil A fkelly Oil lljf, Pljnms Petroleum 331 Southern States V,l Spencer Petroleum 22 Stelner B Texas Co w I HA Trinity Oil 21U Unlan Texas JX Victoria Oil now IJ Vulrnn Oil 7 White Oil 30U MINING Alaska-Br Col IU Atlanta a Hlcher Divide i:xt. 12 lllg Irfdge , Hooth 5 rioston Montana 74 Canada Copper Hi Cons Virginia 3W Cons Copper Mines mi t'resnn (Jold 1 De Deere 41 Divide Ext ,1 Eureka Croesus V 1'urty-iilne Mining I Vt (lolden rjsto Exp i ("Inldlleld Cons In floldtleld Kewatiaa ... 1 (lolillleld Merger . ... 3 floldfteld Silver Pick .... 21 dnl.lfleld Zone I'll ll.'la Mining 4,'. I rinee Cons ii MacNuinain , . . Marsh Mining 3 Mother I-piIh 60 Ophlr Sller Hex Cons 0 Ilo. hter Mines n Man Toy 0 Silver Klmr of Arizona.. . Vi Micress Mining it Tonop.ih llelmont 'J'.i 'I'oiiopuh Cash Doy in Tonopah Divide :.'.' Tonopah Ext 21, Tonopah .Urn Ilutler 23 Tunupah Mining '4 Tonopah Montana 15 '1'unopah Rescue Eula .... 22 I' S C'ont N I'nlted Eastern t West End Con 1 Whlto Cans 14 Whlio Cars Ext 3 Wllbert II Yerlngton 4 4' 30. HOND.S Allied Packers Us t T T 0s. 1022. . Kusslan IIW s . . . T..XUU Co 7s LONDON STOCK MARKET Gilt-Edged Section Checkered In dustrials Slow Specialties Firm London, March 22. Specialties were firm on tlw stock exchange today, but generally tho markets were Irregular, Tho gilt-edged section was checkered, Tho oil group was flabby, Hhell Trans, port selling at lOVj and Mexican Eagles at 10 9-16, Industrials wero slow. Homo and Canndlan rails wero hard, but there was profit-taking In tho nhareu of Argentlno roads. CHICAGO BUTTER AND EQG8 Chicago, March 22.tIIUTTEIl steady, Cramery. B2068C. twins steady. Receipts. 14. IBS cum Firsts, 414o ordinary firsts. 41tI42o at mtrk, os Included, 434o, i' FOR INVESTMENT OP FUNDSjTEMPORARILY AVAILABLE $10,000,000 PRIME BANK AND BANKERS ACCEPTANCES ELIOIBLK FOR RBDI8COUNT AND PURCHA8I BY, FEDERAL RESERVE BANKS MMunmn at 61 to 90 days. 60 day or less . 6 'to6tfafacotmt &?&-to6 ,4ii8cotait G)rporations acctimalating cash for Federal Tax; bond interest or dividend payments can obtain from 5j$' to 6$ on such funds witfiout-sacrifidng safety ofUquidity, OFFERIHOB WftX &K MADE ON RCQIICCT rAnii BERNHARD, SCHOLLE Bt CO. 14 WALL STrtKET NEW YORK rAUaoTsfpliU Cerripennl HAUPT & COMPANY 104 South 4th Street LONDON A' trW" Bonds for investment WE carry a very complete lino of railroad, municipal, public serv ice and industrial bonds. At pres ent . prices these bonds yield an interest return that is surprisingly high, considering the high character of the security. We should be pleased to give you further information on this subject, by correspondence or at our office. List of Securities Furnished on Application GEO WKENDRICK 3rd 5" CO. 1431 WALNUT ST.' 'Zfanlzers Member New York and Phila delphia Stock Exchanges PHLLADELPHIA. Telephones! Dell Spruce 6420 Keystone Race 1138 Alvarado Mining and Milling Company Subscriptions Received At $22.50 per Share CARSTAIRS & CO. members Philadelphia and New York Stock Exchanges 1419 Walnut Street PHILADELPHIA 71 Broadway, New York Japanese Government 4y28 First Series limed March, 1005 Due February 16, 102S Callable by lot at 0 months' notice limed in pounds sterling, payable m to principal and interest at the fixed rate of exchange of $4.87 Secured by a permanent charne on Japanese Government tobacco monopoly which yielded approximately, in 1919, $30,000,000. Price: ot the market, to net about 10 per cent Japanese trade anil iiidtutrial . statistics furnished on request Biddle & Henry 104 SOUTH FIFTH STREET MUNICIPAL BONDS Free of Pennsylvania State Tax Exempt From Federal Income Tax Hnrrisburg School A2a To Return 4.30 Johnstown School 44s To Return 4.30 York County 4j4s To Return 4.30 South Beth. (Bethlehem) 4s. .To Return 4.45 Frazier VCq. 9 Broad and Sanson. Sts. Philadelphia New York 65 Broadway Baltimore 19 South Street RAILROAD, INDUSTRIAL, PUBLIC UTILITY BONDS LIST ON REQUEST MARTIN k CO, NmWiUMUTiT. Bonds for Investment Circular Upon Ilequest The National City Company 'AiKpOS cTiriitt -.r4w w 'nf.y ':.. i'j'F 2'.ai '). iV -. Hv ,si. f "w .iu .J ..f. , B1?. ..
Significant historical Pennsylvania newspapers