w .v" ' 7i .,. v . ViA f Jr t . W if1 no - V V. t .n. ., v ' 'Mr'1-' 20 EVENING PUBLIC LEDGER PHILADELPHIA, TUESDAY, fcAROH 23, ' 10 French 4 Loan of 1917 This Loan has no defi nite maturity date, but may be retired at the option of the French Government during or after 1943. Those who invest in this loan have the re markable opportun ity of realizing a profit of over 240 should the bonds be retired at par and exchange return to normal. Ask for Circular Chandler & Company fCMttt Franklin Bank Bldg. Philadelphia New York Boston rt nnven r.Mllmor- ! STOCKS IRRFRIIL AR !i ,-. , ... iii nfirirn miinir t s' in Im VIILILU nilnUltLI loa , 111 OUI ILMYIHimLI NEW YORK STOCK EXCHANGE TRANSACTIONS The New Loan of France The 5 loan of 1920 if redeemed without any improvement in exchange rates will provide a profit of 50 r'c. If redeemed and exchange rates be come normal it will pro vide a profit of about 300 ". We will take subscrip tions to this loan at the market. Prices subject to change. Bonbright & Company MORRIS WISTATl STROUD J' Aranairer 437 Chestnut St., Philadelphia New Tork Boston Vhlnaeo Detroit : Interest Continued to Center Al most Exclusively in the Pool Issues New York. March 23. There un n 1 derided Foberinjc of speculative nrtivltiei ' In todny'a stock market with (lie I fnmlliur Irregularity in price movement I which fnrarlnbly follows periods of vio lent fluctuation such as witnessed in' Teterdaj ' market. Almost from the, i very out.et the market developed trrs- ular tendencies an consequence of the' 'tcchnifal conditions resulting from the ! round up of the shorts and subsequent ( heavy volume of realizing sales. I)e j spue ine raftceii surface appearance i there was no evidence of real weakness in any quarter of the list: on the con j trnry. the charncter of the market siic- gested unbroken domination of the va I rious pools and bull combinations. Some effort was made by the reactionary nartx I to force n lower level of prices on the : prospects of a tljihter money market, but when the renewal rate for call loans I was fixed .it 7 per cent, acainst last' niRht's tlo.siug rat of 0 per cent. thl I argument was knocked to smitbereehs ! Irregular rallies followed, but instead i of inntiniiltiE the market worked into a narrow rut In n moderate decree Geneiai Motors: repeateil (he tini'itnin correc of the 'previous session, fulling back 10 points1 after an opening bulge of I) points, but j 1 coon tnuKiiig more than full recover ' on the strength of the reports of a bitj , increase in the dividend rate when the directors meet on Thursday Stilt Mo- ' tor gained 11' points at the new high of 2,".". und the closely held steel nnd , tobacco shares were again takn in hnml by bull pool. The petroleum group I I was about the only recognized pool I I specialties failing to more, but these were handicapped In the hcniincss of the minor shares of that division, no ' tahly Middle States Oil, which was tin ider renewed liquidating pressure. t Nciv York Bonds GROWING FAST Investors will do well to make careful investigation of the fa vorable position of the KEYSTONE S0LETHER CORPORATION Besides a large domestic busi ness, SOLETHEH is being (shipped to every civilized country 'of the world. Shoe soles and heels and cas ket sheeting provide the greatest a&urce of revenue, but rapid $trves are being made in ne SOr.ETHER lines: bags, trunk.--. floor covering, interlocking tiling, etc. Used ichercivr leather is used at 'j the cost. The stock, listed on the New York Curb, offers an excellent speculative investment. Writ for free booklet describing the remarkable progress of SOLETHEH FORD, LAMBERT & CO. 40 Kirhanse ri N Tel nrnsit SI tilth n Am Tel & Tel fis !7, U Am Tel & Tel fis S2'., 1 Am T & T ct Is 7S 11." Anglo-Krench fis !7s-( 11 Arg Ren fis .... 74 7 T & SFt Adjts 77'', . Atl Coast Line is OS -Am S & II fis.. S' 17 B & O fi SrtU, 7 B & ("I gold 4s. . Ofi 7 B k O cv P.s.. 04 IB & O .".. K) in b & o s w :p..s 7:; t Brk R Tr 7s.. . lfi fi Brk Tn Elev . . (12 .". Thi Un Stn 4s. 50-. 1 City of Lyons (is Sfl'4 '.'.I City of Paris O. 00 5 Ten Pnc 1ts .. Ti If. flies & O l'-js. 1 Ches &n cv iv.s ". Phi B & Q U. fi Phi B & Q .".'..s 1 Chi & C, W 4s.". a c m & st v gon 43 fi r m dv st v fii 4i.js o r M & St r is.. U." c R I & I fd ts c,7i ! ("In & V hid I- fi'.n 10 I'lii'i- ('npp.'r Os 7'.i in t'liile 1'iqipcr 7. Utlti i .'til Con (Jns Co 7 . .101 t. - ("open fii..- . 7!i7 .". I) i II Cnn ev fis 70 , t P .t Uio Cd fis (171., 2 n ,t Rio Oil 4s (141, 1.1 I") fc Rio (ill fdfi- 42L, 1 P of Cnn fis '21 0it i P of Cnn fi '2(i !l2 .10 Pom R- r "s . . 2 Krie r A 1 Krie cv 1, . . . .'! Rrie cv I) 1 (ien Kirs- fi fi Har & Mtc Is. 2." Hud kv: Man fd J l.e r pi 07 !i7, 5:.. ?:':,'' 77'" 7s 17.7 07 7 71 71 77'. 77'. (N (K S2i. vji, Sill, sp,i , (14 a, (VI i, (i-1", (i4:, Kit, s:;", 2(0 .100 .11)0 110 290 inn toj .100 I-1H) : 7.0 coo CIO i no ooo tio iv .1.1 J3 110 3.1)0 too 1030 un M 10 031 nan .oo S03 100 110 .1100 MO too 200 lou 300 M0 .109 too 30 10 3.10 M0 7 1310 .. 100 4 200 8 '.M03 . . tl J S UO .. (IlK .. 22J0 100 too 400 240 a io mo 0J0 too 1.130 4tl0 100 100 "0 .. B10 2 0 .. 1IM .. 110 7 200 8 22 U .. 2 )0 7 ItIO 8 M0 .. 3a l.to 12 10 HlKh Adams Express 3SH Advance Ilutnely .... 4SV4 Advance Itumcly pf ., MIS Alaska Gold Mines .. 2ft Alaska Juncsu O M , !K Allls-Chalmera i Am Agrla Chem MH Am Ileet Sutrar 17S Am Bosch Mnsneto ,.HSi4 Am Can MM Am Cat A Fdy HO Am Drug Syn is Am Express 1XS Am Hid ft Leather .. XK Am Hide & Lcathpf .llOH Am Internet Corp ....1C.1M Am La Krance nng... IS Am Linseed Ml$ Am Locomotlvn 1C0V4 Am Ship A Com ... 24 V Am Smll ft Bet .... GRVj Am Smell ft Ref pf OBft Am Steel Foundries .. 49H Am Steel Fdrles pf , l Am Sumatra Tob . . . .UA15 Am Tel A Tel MT4 Am Tobacco 187 Am obacco pf new ... 9S' Am Tob See temp ctfs. 18W Am Woolen lMJi Am "Writing Paper pf. 49 Am Zlno Lead & Sm. . 1914 Anaconda Copper .... 13H Abso fry Goods 4" Asso Pry Gds 1st pf . SB's Associated Oil . .111 Atch Top ft Santa Ke. M Atch Top ft S F pf . . 19 . Atlantic Coast Line . 14 Atl Gulf ft XV I S S 14 Auto Sales C tern ctfs. 14 Baldwin Locomotive .IM'H Paldwln Loco pf lo W Bnltlmora & Ohio .... i"4 Baltimore & Ohio pf 7'. Barrett 1 Bethlehem Motor ... 30ft Bethlehem Steel 11 ... H Booth Fisheries ... Bklyn Rapid Transit . tl Burns Bros H Butterlck in Butto Copper ft Zinc . to ButtB & SuDerlor Cop. 27 Cnddo Central O & B. :4 California Prtrol 10 Canadian r,acino . . 8 Central Leathtr . . 7 Central Leather pf. Cerro de Pnsco Cop ".'Chandler Motors . .. Cliesapcako A Ohio., 0' Kt'4 ni' ioa'5 . Si ' .U2 . 51'4 tow . ''5 . nnT IR' 7tt't O.-v", n Ifi-'s (II lfi P.l'"s Sfl1( S7H 721 , 7P.ii lfi 02 SOL. SOS S17S 72ii 7(1'. (!' . Sil . :v.ii.. . :'.fti,s . 12-, . ssi . . pois '.S fiST(, -J The recent decision of the Su preme Court calling stock divi dends exempt holds dtep sig nificance, so we have prepared analyses on 5 Stocks Likely To Cut Melons -ee'TInK forth thu fundi mentals of mtrest snd preint market position of nch RAILROAD SECURITIES Several t-Hllroads hn-h should roon rdect marktwise benefits accruing from th nw railroad legislation and lnhrenf strength of companies are ali treated m current afUK rf our wekl Market Topiet uMrh oSm lUtCMiOfD n tietml flklahoms r. 4 n National i.a rillfornls rt Intcrnnl'l Nlrl.l TruDicontlnfiitil nil Graft on regu&pt tor $q C. J. KELLY & CO. Invrttment Securities 80 Broadwy New York -J BOND SALESMAN With Established Philadelphia Clients! WANTED br homr wild nn nf lli Itrol dtertned lll in th rnunlrr. uhlrh en nuppl.r h list of ruilnmfn und protpeela tn tli rlrlil ninn II itl. l.U-r Oftlro O Hud s Man nj.. 1st, 10 1 Cent Ch jc fi.. SOT, fi ill c b 4s f :: P2. 7 111 Steel 41...S . . SI 2 Indiana Steel fis 01 P. Int R T fd fis.. fifi 2 Iiwii Cnrral U Kfi, 17fi Imp .Ip (lov 1st 7S 7 Imp .lap C.ov 2d 77 '( fiS Icn .Inn (Inv 4s W IKCFSA M Is lfi K C fi South fis 70 1 K r i .South .'Is. fifi in L S & M S 4s. S2. 2 Mid St Ord fis S2 J Inr Mer Mar P.. SO fi Minn ,t St L 4s. 4.TV, 1 Mo Pacific gm 4s fii, 2 Man Klevuted 4s f.fli. I I Vat Tube Co fis. 01 " 2 V V Cent deb fis 02 I V Y Cent deb 4s. 70V, 10 N Y Cent en 4s.. 70'i .1 V Y Cent SVas.. C,C 10 VY Cjtv 41-s 'Ki OO 10 Y Citv 4U.s Mav '.17 . . . 0fi.it 10 VY City 4 Us '(W 0l, 10 y Citv 1'ajR -P.7 iV r, v ciu .j',s tio oo', 1 v y V FI A. II cv Pi . ... 7fi", 1 V Y Tel L. . 7KT Vorf A: South ', fill II North Par 1. 7.'.'.. 2 North Pac .", fi:; IOS I Uio Hi llfll, 2 Pa R I! gen L. i. Oii, 2 Reading Is . 7', .'! R I A & I. l"vs P.2 1 St I. fc I Mi ts p,7s; 2 St L . S V C S7' 1 Seabd A Lino U una, 1 Seabd A Line ni :',7'.. i So I'hc rv fis ( i'ji., 1 So 1'nc cv Is 7sT. 2 sl '. fd I. 71" . lfi ' Pic sf L 71 I s,i ftail hi - " .."'.. ( So Railwts r.i .s fixiT 12 St L A S Fnjlis Hfin, to c, 1 I o v ... ,. . ,V .. j I 11 ,, , -, ', ."' .,"s !.V.. OfiU 71 71 "I 7.".L... "fii. j I i'nr P.Oi, ! 07 P.7 I (17 (17 ' fill'., fi!)'.. ' 70 " 70 ion', iot; IOJ.,101 70 707k 70' 70'. Pi7L, (171., (14 'v P.tt 12'. 421- 0', OS't 01-i, 01 i SO SO .".! a .10'- :iois 30,; 42' . 42U SSV" SS'A iri poi, fiSt4 fiSU 1RU, i&itJ M S()TV 2.. P.2'-. S0V, SI oi ni ".. r! 4, -I.Ti, 77 77'. 7'.. 77', 01 (11 k. lfi 1fi 00", Til fifi'.. fifi i, S2'l S2-1," S2i, S2-, SO Sl .". 4.-: fili fiPi fip,'.. fip,l, IK)'., !I1 01 01 7P' , 70'i 70 ' 70 W-i (irts; op. :ic-i, too 2.n i loo 1.1 u M0 a 200 I.Wj 2103 n:o 72 )0 100 41 1J S03 2)0 ton 200 :uu 210 400 inn 4 Ml 010 200 11)0 too 2V 111" ton 1).. 400 31SJO 300 3.1701 1700 70J 7.0 7)0 11)0 (1)0 ISO 230 .110 2SI0 100 1.100 2 m 2.1 W M )0 0 1413 10113 .1)0 NO 200 3JS0 Chi ft 13 I pf i: T ctfs Chlcfigo ft Gt West Chi Gt Western pf Chi Mil ft St Taul . . Chi Mil ft St I'aul ot, Chi A Northwestern.. SO Chi ft Northwest pf m Chi Bock IbI ft Pac.. tR Chi B I & Pao 7 Pf . '5'4 Chi Pneumatic Tool . 11 Chlls copper 1"S Chlno Conner '' Clov Cln Chi ft St Lpf M'j Coca-Cola ' Colorado Fuel & Iron. 39 H Col Graphophone .... ,6H Col Graph pf. . K'- Con Interstate Cal M . ) Consolidated Gas .... 91 'i Con Clear pf M Consolidated Textile . 34 Continental Can M' Continental Candy ... 12 H Corn Products Ref. .. tl1. Corn Products Ref pfloa 7 3 7 i 7 12 Crucible Steel " 7 Crucible Sleel pf .. . M'i .. Cuba Cane Sugar .... 49 7 Cuba Cane Sugar pf.. S2 .. Denver ft Bio Gr pf.. . 14 'i 1 Dome Mines 12' .. F.lk Horn Coal 24 Emerson-Brantlng pf M Rndlcott-Johnson ....12.1 Erie. "4 Famous Players-L ... SI Famous Players pf.- 90 Fisher Body ir' Fisk Bubbor t'h Gaston Wmi Wig 10 General Cigar 71 General Them pf . 9.1 U General Electric ....159!$ Seneial Electric Rts . 3 General Motors 3R3 General Motors pf ... S5 General Motor ctfs... 3S'i Genl Motors 0 deb. 70 Gen Motors deb 7 .. 90 Goodrich B F 71 '4 Granby Conaol MAS. 46 Great Northern pf . . ' Gt Northern Ore ctfs. 41 Gulf Mob ft North pf. 29 Gulf States Steel 70 Haskell ft Barker Car. 1315 Hupo Motor Car .... 17 Illinois Central t04 Inspiration Con Cop . . " Int Harvester 132 tt Int Mer Marine Ci Int Mer Marine pf ...100 i International Nickel . 2'4 International Paper .. S9'-j Internat Mot Truck.. IS Int Mot Tr 1st pf ... ". Int Mot Tr Sd pt .... 0 U 7 A 's 1U t.oT 3S14 2 SH 44 toy 7H 1IRV4 49H 140 "H 12A X7K J10H 101H 13 S514 104T4 ?4Vi 7J 4R14 01 103 87 207 M 7V4 1.1.1 49 18 Vi 62 H 40 r.ov; 11714 S4 70 891', 1C3', 14 130'4 100(4 ION 47!', i:.s 2B4 11 1ft 117 Wi 10 !7 ttY 40 n 174 SR'i U3I4 (3 117 7'i 10 Vi 39 '2 f7h 1-0 11BJ4 3714 icr. IS'j :.H Cl3 39 i&H 92 IS 90 V4 82 :3!S 91'S 12 t.l't 10B 2.14 9H RIJ S2 14!, 12 23 J4 84 120 !4 14 H SO 89 M K0' 1714 15?', 70;' 0.114 158 Vi .1 371 84 S7'4 75 90 71 3?i tlU 0Vt 29 00 13 17 '5 D0? 7J4 I32H 7!4 D8 IV in 121 '.8 10 1 :.10 Net Close Ch. .15 W yA 414- 1W 18- 114 2 - ft aM4- ft 44V4 118V4 49 149 -12M- 1V4 ? 116H- mA 13 - 8'; UC144- 4I, 4-4HH-01 - W.1H- 97 H ZB7 4 85 Ji S7J,4- 133 -40 -19K 4-.2?S-B -CH4- 117V4 (4 :o 4 11914 14 138 4 100 ft 4- 1H mi its 2K - on- 12 - 15 119 1814 io 4- 27 AVt-r 40H- 1V4 88 ft- li3'5 4 4 14814- 5714- 10'4 !4-24'4-39 !4 - 117 !8 !-75(4- lf -18V4-:5H-B414- :o 39H- 92 lH ot 82 3V4 03 H 4- 12 84?4-r 100 4 24254 4- ftS - ,S!4- 82 in 12 - 2314 4- 84 123 4- "!'. 81 4- 90 130 i4- 17W4- 1554 4- 70J4 4- 9JH 158 J4 - 3 - 383 84 - :r 4- 7514 90 7114 40 814- 29 4 9 -13 -174- 904- .8 114 '4 14 1 114 5 14 Is 114 3?4 !4 !i !4 1 14 "y v "ft 14 '"li 14 ? 3 1 114 14 3K 3 14 "x " H H "ft 1 A H 3 U n!4 ' "h iA 1 1 TO. Pte In t .130 lino 29(1 200 1400 1500 .. iron Pf-nrltinlM Cam. . "-w. vvii ,, n?1 jewel Tea 17 J4 Jewel Tea. pf 40 3 Jones Bros Tea 2414 Kelly.Spr Tlrn ,135 lain . ii "viiiipcuii uippir .... am ina Vtone Tir A Bub. SOft i . TKelseyWheol 82 -."If Q 1.1,,.m. ha ... MAI Itlih I"w iH ODD 400 100 I. 110 2400 200 100 150) 400 100 100 100 500 13200 209 13700 vivnivnnj niMll ... IMIV4 Lea Rubber A Tlr .. f4V4 Lehigh Valley 45K ; Liggett A Myers rts.. 10H 2 Loewo Co o?, - of;cn 31 Lorlllatd Tobacco . ...lt3J4 Mackuy Cos pf 4 .. Maxwell Motor 3 Maxwell Mot ctfs .... 31 .. Maxwell Mot 1st pr.. 5914 . Maxwell Mot 2d pf .. 28 ; Max Mot 2d pf ctfs . . 27 I May Do'pt Stores ....131 18 Mexican Petroleum ..2011', JUiami ennnnr . flli J.ZU MlrlrtlA .... -. 1911 flio 4 Miitvai. o,i 1. . ,,;; -- ..., v .M. V . 7 into 303 BOA too 100 B90 2M 100 2!i !i rA "ift ft 0ft 1 ?4 ft V4 1 li 1 li H H tI2!4 4- 1J4 7-9814-2114 - 891,4- 121 -i- 78 -r 10J4- v. I "$ 2H n 4 700 14M 100 2030 400 .133 BOO 49111 300 70DO 1200 800 3100 200 810 2 10 1290 34.130 1010 200 500 100 1130 400 100 103 1410 800 0)0 ,'210 100 100 510 00 0.1 111 too 22 JO ,2)0 5)1 100 5UI 5(1)0 130 BIO 110)0 NO 8100 10, J li" 100 411. 2130) 8)0 73)0 B III 110)0 4130 3130 12.0 1390 490J 830 too 530 100 200 1 25 on 1290 83) 9410 2700 0210 100 2)0 37890 310 10)0 15090 400 100 flOJ 410 200 230 Iff '0 100 410 500 17J0 80 '10 . O.O ion 3101) Missouri Pacific 28J4 Missouri Paclflo pf . 10 Missouri Kan A Tex . . 814 Mo Kan & Tex pf,... 1514 Montana Power tflJ4 Nat Anlllno ft Chem .. CR Nat Conduit Cablo. 1114 cauonni uioaK a . . 70 :b 75K 35- 82 4 Ohio Cities Gaa 45 .. Otis Sleel 32H u 3 0 D 3 ?; ,,0 Nevada Con Copper ., ' 0 Nat Hnam ft Sump.. w New York Central 7 New York Dock ...,, . . New York N II & H. . Northern Pac Okla Prod ft Ref B 'f 434 10414 B7H . 43 . nt?4 . 3 . 29 H . 38J4 . 30 . 74V4 . 18 Utt Parish ft Bingham Pan-Aiiier retro Pan-Amer B Pennsylvania R R . .. Penn Seaboard Steel .. Peoples Gas Chicago .. Pere Marquette ... 3 Philadelphia CO .... .. Pittsburgh. W Va , .. Plcrce-Arrow Motor .. Plerco Oil 8Pierco Oil nf R Pressed Steel Car . . .103', Pitt CC St L 75 fi nttshurgTi C of P . . . B2 0 Pittsburgh Coal pf ..00 1 Pond Creek Coal .... 20 M 8 Pullman 118J4 5 Punte Alegro Sugar .. MJ4 8 Railway Steel Spring. 0914 1 Bay Consolidated Cop 1014 4 Beading 87 2 Reading 1st pf 34H 2 Beading 2d pf 34H .. Hpminglon Typewrit.. Si .. Beplogle Steel 45 d Republic Iron ft Steel. 107 54 . . Bepub Motor Truck . . IB .. Boyal Dutch N T K4 1 St. Joseph Lead 1 6 A .. S- I . San rrancl'co .. 7314 . . St L San Fran pf .... 33 C Savage Anns 7flz .. Saxon Motor isv, .. Seaboard Air Lino.... 8 .74 shell Trans Trading ..70 .. Sinclair Con sol OU... 4 4 Sloes Shell S ft I .... 71 Southern PaciMo 10294 .. Southern Railway ... '.4 Southern Railway pf. . '714 20 South P R Sugar ... 324 . fitromberg Carb s5!4 7 Studebaker 100 5 Stutz Motor 240 8 Superior Steel 58 4 .. Tenn Cop & Chem .. 10?i 10 Texas Co V20 .. Texas & Paclflo 40(4 0 Tobacco Products ... 70 . . Transcontinental OH . 70 8 Union Bag & Paper.. 101 i .. Union Oil .114 10 Union Paclflo 121?4 4 Union Paclflo pf C7 4 United Alloy Steel ... 5I4 .. United Rv Invest .... 12?4 .. United Rv Invest pf.. !B'4 3 United BAtall Stores . 8214 .. U S C I P ft Fdy 21 a U 3 Food Products... IfllJ 8 U S Ind Alcohol 1C014 8 U S Realty & Imp .. M!4 8 U S Rubber 113 8 U S Rubber 1st pf 3 U S Smelt ft Rt . 6 U S Steel 1C3'4 7 U 8 Steel pf 115 Utah Copper 77 14 . . Vanadium Corp B8 3, ' Va-Carol In a Chem .. Hi 6 Va Iron Coal ft Coke, to .. Wabash Hi .. Wabash pf i7!4 .. Western Maryland . . 1054 .. West Maryland 2d pf. 16 .. Western Paclflo 1914 4 Western Pacific pf .. C414 t Westlnghousa B ft M. 314 .. Wheeling ft L Erto.... )24 .. White Motor (2(4 1 Willys-Overland 45 tj ' Wilson ft Co 74 14 8 Woolworth F W 124 Worlhlngton Pump .. 84 K. dlvldenJ, 15!4 3H 24 13314 3114 :o!i 82 79 a 4 14 4514 inH 2915 20 H 11314 tt ;c'4 3094 69 14 r 29 27 1.10 197 S.1'4 2974 4714 29 45H 0 15 1 i ink (7 11 H 70 14 "4 75 74-14 35 3414 81 44 3314 14 40 102 H tft 43 30 38 H 28 3H 294 72 'A 1814 81 ?4 10214 75 tni4 00 20 1107'n r314 0814 1914 80 34 34 51 14 42 1C514 45 J4 M214 10'4 ?3 33 74 18 R4 7SH 4294 74 10114 ;.i '714 321 82 J4 irn?4 230 5714 inn 213 4514 74 94 in H 95 14 171 C7 51 13 M so 14 201 4 CIVS 88 14 52 VS 11154 U2'4 11214 B0 94 69 10214 1-314 '.BH III 75?i fO H -714 10 is I694 5.7 14 6414 3 12 61 H 25 '314 174 '1H 1.80 Net Clou Cl 40-14 15VS- 11 3 - 3 , 21W- 1?4 135 r ' 3114 - y 379 - M 79 - 14 7414 - ' IbY, - V 1094 2914- 11 2094 - 14 U354- J 0 4- J4 T514- 1 , 31 4- 14 20 4 ID 27 4- I 130 -- 200 r 14 23V4 1214 " 14 7H - V 294 4- H 45i- H 994 14 15(4 fflVi - 114 07 - li 1194- 14 70 4- T4 14 14 - 74 78 -- 114 t. 4 4 35 :4'4-- 14 MH- H 44 - 1 324 4- V4 5VS- 14 40 - 114 103 14 - W 07J4- 9n 43 31 4 'J 3894 - 14 3894 - 14 3894- H 29V4 4- lVj 71 4- H 1814- 4 01J4- 1 10214 75 62 4- Hi 00 4- '4 20 ft 119T4- 1W 84 - li 084- l'i 19 V4- ' h6S 3454- 4 3494 8114- 3V4 42 - 394 105 Vi- 2 411 f I 113 14 nv- 14 23 - ft 33 4- !i 75 IS- 3 18 - ft 84- 4 7!4- 4 1294- ' -.4 - Hi ini'j- 14 23 - 114 7!4- 14 221 4-17 824- 3 10B4- 314 210 4-15 57'4 4- 14 104- 14 213 - evs m0 ;- 4 74 4 r 94 54- 4 10194 4- 4 !4 - 1 12194 1- n t7 ft 51 - ! 12 94 4- 'A 10 - 1,4 8214 r 1'. 2014- 4 I5VS- i'A 0914- 1 4 ! I 1 4 1114- 14 11214 4- 14 B9 - 114 102 14- 114 115 21i '.64- 4 t6 - IV, 75J4 4- 4 80 4 1 ili . 2714 - V4 10VS- li 1094 .. :ol4 nj 0l!i4- 14 53 - 14 1214 1114- 1V4 S5 - 14 !3!4- 14 -' 1- li 14- 214 LOCAL TRADING LITTLE BROADER Prico Changos, Whllo Small, Generally Reprosontod Sub stantial Fractional Gains While the increnso In volume was only slight, the. dealings In the local market showed a broadening tendency. Ir. all events the distribution was much Improved over that of the preceding ses sions, reflecting n more confident feel ing In local market circles. The Initial prices were, somewhat v mixed, but th mnjorlty recorded substantial fractional gains over last night's closing level. Continued accumulation was In evi dence in 1'r.ltrd Gas Improvement, which was ngafn carried above par to fiOVJ. The market apparently is well supplied with buying orders at par, at least are more thnn sufficient to nbsorb nil offerings nround that figure. Le high Navigation on limited transactions regained yesterday's decline nnd Penn sylvania Railrond continued to .be picked up nt 43'4. Further selling In Lake Superior Corporation caused that stock to de cline to JSVi, hut again was supported. Dribbling profit-taking sales brought a reaction In American Stores to 43. There was a much better market for the Insurance Co. pf North America war rants, which advanced to 7, later fall ing hack to 7Vj. The stock was up , at 28'. Philadelphia Co. cumulative preferred declined Vi, to 34Vvi while Philadelphia Electric was firm at par. (lenernl Asphalt dropped 0 points to 101 Ts on small sales. Philadelphia Stocks "J7V T T 74- J 1 40 48 Vi 18. 81 14.. 04iS 3fi .. 25 1U Net 2 cm. ch. 11015 101 6 llleh Iow . .112 Am Rtrs. 44 43 40 El Stor..U7 llOt? fiOGen Asp.101301 10GMotctf 37 37j 130 1 Co N A 284 28V5 14.13 do war. 8 7 300 Lk S Cor 10& 18' 20 Lans Mon 81 '(. fil fiOLeh Nav. fi44 25 I.eh Val.. 130 Mlnchlll.. 170 Pn R. R. 23 Pn Salt.. 75 170PhllaCo cum pf. 35 200 Phlla Elec 25 173PhilaIlT 'HYi iu TKepiron & Stl..l0738 107- 107 i(i IB Vn Trac. 35 35 35 .. 475 U G I... 5014 50 5014 100 tU S Stl.l02i 10231 102 5 Wclsb Co. 50 50 50 2 IN'pt rhanirA mnd bv cnmnlriBAn vrlth list cal4 on New York Stock Exchange. Sslns In BONDS Net $1000 a HUjh Ixw 2 p.m. chre. I El &P 'IV 4s 0.1 W 0.1 .. 3 2-5 Lib Bond 2d 4V4s.. 80.52 SS.00 80.30 .10 4 3-10 3d 4'is. 02.54 02.30 02.30 .10 25 1 -10 4th 4,4 80.60 80.50 80.62 .04 1-10 1st 4s.... 90.10 1)0.10 00.10 .10 10 Vic N - s 07.42 07.40 07.40 .10 1 Penna g 5h. 81 80 80 Vi 3 do 4iAs... 8074 SO?; 80?i 'A 5 Phil Elec v 1st 5s.... 02 02 02 Vi New York Curb imi, fM!14 00' K 7 "it 7fi k. !)!l'H KO's 7M, ilia, l!7''s l7 (WiV 0(1", 0ft-1 ; flfl-V, HO '4 Philadelphia Markets wliFCAT nec-.ri fill 021 liuhl I h tnarKft was unchnr.o, 0i Bonrnram, prieji. CORN Jterelpli" rt',51 hu9hi"l -trj(1. We nunin new s 'lunluv Hn.( 'k mon nt $l TOtf I M th ihii' tor X" - llon OATS noflpt '.('7 buihil Quiet nt Ute ad-anc l'- I ' b to lorat,on--No " white 11 0S4 ill N" 3 u-liito, ! "I17 tfl.or.. No Uh, lo3li0lOI KLOL'lt Kclp' Jiio hArr'lk nnd I IS -030 poundH In ik? PJll Quotatlonfl. per 1DM 1D3 imrk'U in in ,D iit kack ,'i'n wlr.tnr utritsht hith 1 1 0 7.1 tl 1 1 '" '" do narh III) fl"i 11 $12 25'8'r.' 7T. ln s 13 ru sprine nrr PBInit IJ (lour 1 I lil nh hamper 12 7617 12ft nark Vllow. No 1 2 1I.BO0S. Onlnne. pr 1 I 7.1W7 2ft. tin, inn Hi No. FOREIGN EXCHANGE New York, March 23 -At the oncnlnc of the foreign exchange market today, LIVESTOCK QUOTATIONS I sterling was slightly stronger and Ohlcssn. Mrrh 2.1 -IIOOS nrlpta, ! opened In higher than the previous close ;aoonhed Hlsher Hulk. JU florin lft, . ' .. ,,,-, v.h,. , , ,, , inn. 1MS5: heavy, Jlimlftno mciium, All other allied exchanges showed slight 1S 16016 an. llsht. lir,78C1033: llsht losws. Neutral exchJtiges wet e Ktronger Ilatits. llftS 10: heavy packlnn o iimooth. , , ,, . .. n"u"P' 13 SftWlS 7ft. tcklnr nw. rouah. 112 05 ivna Herman murnn raJiieu j points from 75 'ij fill 7fi3i 53'V 00 1; W)V 7Ki'. mil C.7 S7 IM)-ti rr 1.1 7., fincv pprln.- inl city m'lu iini fnrellv t.r-in i Jill 11 1 1 in IIYR Vl.i'il'it ID -' u l' per li'l in a tn ni'ul 1 PROVISION drm Kef In el moe is lft. nii nso.ian M CATTLU IleclptJ, lli.tjno heod Weak, Reef iiteerp medium and heavy, choice ana prime. t):i ftntrlft.2ft medium and rt"ol. Ill IftfllSRO: common 110 2R911 60: llnht. pnn1 and rhnlre 112 IZtfdW Rft entnmnn end h inl winir, fttrHisni. i medium llnlf 12 Jo. hutcner cattle iri patent 13LV ; Otrl3 ei 17 10? 12 rannnra nnd . ji .itr.i in ... ... ... U-. ..., .. w i t w n n , n in "" ," ! '. riji ,, ra ., m . ,.i .- nt. fi,, ii .inv ii.j pann' is hi f,rt- $leerr lagi: i ur aieere, jt OS ' &I1 2ft 1 SHi:i:i nweinla lOOOO head Firm T.amtn. 117 J5S2H eui und nimmnn llllf 17 eweii. medium i;ood und rhnlce I1IW . 1 I ,."i eulla and rnmtnnn IAS 10 75 I t w u . t c ol- t i- -i - .-i i . iv .-. i t .,- ., .. 'lor.nl III? t 1. I'll l" '' ... ' -, ', t, I,., ( lljl'li 4STei(as fo rv I'm l(lf; 101'ii, 10194 ::ti. io:: 7T 71' 71 sfi' fis" Cefil It. (HP, nit Mr dried fiftr he' l:n'JClle. ai"1 lend era, nmoUe.l nnd ,-ir d-i'd ftle iw.rk fdinlly , .,,,. 52c, hn S P eur! inoe .v 41 jii i ' Mttaborah, Mar -i J.1 IICKiS -Fterelpta do eklnned looae '.'Ttt.Si do d ninkd I0OO head Itlaher lleavtea, lift AO(f 2SS30e harnn lioHr iinle Ifn in-nlc , is SS hav nrkera 17 17 21, Hcht york eho ulir S V i-iirrt loose ..'iir do i era. 11150016 76 plus. IIBW16.50. mok,d Jle helll o pirkie loour 24r; MIIREI' ANI I.AMUH H-celpla 20 head breirnt baeon 3.V ,. I .'34e Hteady Top nheep 1 top lamha. 2i Hl'TrKIl Tirni Ji , , , follow Sol I-I rAI.VRS (teceipta lftO head Stead) pirked rreami. fain huh aenrins irooil, I Top. 121 TlQ'Zr exirae, Toi exir llrma 3SiHf rlrete inj"i7c e.n n.i .M!ian".r eweei ereamerv rholre to fanr 72774r fair to good 6011 "li- prlnn ini i.l x at 7flfiilc. for fancy and i i'1t''! fir 'ilr in nwd E003 tiwer Vr n,.i noirby flrata nM,j . Mil P lirr r,i, Firni " munn i-i.-ji,-..- i n, if, ! .,, ti, ...., ...rj .- . un kn t-n I Atlnihoue Air llrak. -'. ,.. ov .-.". .. -- ':.-.' -.-V'" . .li. --,! tn .- ..-!. . ......... . ,i , nrals 113 i'i io'jiiiern tii ." aeieriea ireiin jiajamr At'.n .. ... -.- ,,, ICvviu ,tii,i j. mi ini i r ouzen. Klrier rorriratien nuarieriy in renta oo ad N i' lini mill f,1Inmn pn-able April IS to atoi k of record pr i ti man the close. Quotations were Demand sterling 3.71.4, rnhles 3 73; 'onsnd frano cables 1170, checks 1172; lire I'jinieH ii. ov, viieuKM kii nj , ,w las CAnleS S.86, checks 5.87; guilder cahli-s 3Cj, checks 364; pesetas cables 17 IIS, checks 17 26: Htoukholm cables 2il.8f, clicokH 20.70; Christlatiia labltt IS:I5 checks IS 20; Copenhagen laliles 17 85, checks 17.70; marks 125, Aubtrluu kronen, 43, Polish markH. OS YKHTKIUJA Y'H KINAI, l 1 ir I IONS S.!',ri',nI fl'?.'"" ' r' "ullilerH Demand . . .'I 77U ) I 'Jn Pi ij auv. Cables 3 78 HIS Vi 111 ;1,;iJ MHIAVH OPCNINi; (Jl i MIO.NH io:t DIVIDENDS DECLARED 81 lOUl. noeK Mountain and Tarlflr 'n nrr rent on rommon paiablo Aoril in fr stock ot record March 31. Stlnrhoue Air llrake, quarterly II 7ft Uemanil ... 3 78'i 1 1 72 jn ,v I'ablea . 8 70 Mill Jn Vl nt't NOON Qt'OTATIU.NS Znll Kr,Hf '"' liulldera liemaml ., 3 Hll4 1 1 H7 Jn i.j .mv i'hM .. .. 3.blU H eft jn.m anw Acm roal Aetna xploivea . . Amer Hafety Ilaznr . Amer Candy Hrlt Amer Chemical , Columbia Emerald ... Cleveland Auto Cuban-Amcr Busar ., (lenernl Aaphalt .... Herculea Paper . ... llratn Ola Drata OU pref Montgomery-Ward ... North Amer Paper . Perfection Tlra Preasman Kubmarlne Hoe.t Trlanele Film V S Dirt U f Illrh Speed .. . U S steamship . . 1 nltod lletall Coidy rnlted Pront Hharlnr t'nlted Picture Prod V VlWadou Jnc .... lMIL'.STRIAUS lllsh 10 '-1 8 1114 b2 47 20 i IS 3iri ftVi 'i n 10U :.iS H 2Vi in 10 Ixiw 2U M, lO'l OS 8 in 78 17 inn IR 14 ft'i ai is is ft3 31 4 3 IR'I 19 l.aat 2U 4 104 S R llili 78 47 1014 1A4 l'i 2Vi 3K r.4 .1'. ft 151 4 ft.1 314 3 14 214 16 194 STANDAHD On.8 Ohio Oil B70 Standard Oil N J 8ftS Standard Oil N Y 470 Vacuum Oil 440 .170 R4ft 467 410 370 848 460 440 Allied Oil Allen Amal Royalty ltocno OH . Uoaton Wyoming Cnaden A Co pref Dominion Duqueane i:ik laaln Pet . ICnElnaers Petrol Kameralda Oil . , Federal Oil .... Ollllland .... Dlenrock Oil ... llouiton Oil Hudson Oil ... Inter Petrol ... Invincible lalnnd Oil . ... Kay Co Oaa. . Kins' Pet Lone Star Merrltt Oil . Metropolitan Pet .Mldweat Iter Mortem Pel . North Amer OH iimar oil Pennok.Oll Prod & Kednera. umi itock ... . Itan Oil .. .. Halt Creek Prod. Hequoiah Oil . Hkelly Oil Slmma Pet . Southern Stale Texas Pacific Texas Co w I Victoria Oil new Vulcan Oil . . White Oil .... Wuudhurn .... 1NIKPKN1)KNT OIIJJ 4 ai in H4 1A 4 16. 6, 104 1J 414 34 '..'..:::.uss ) 41 su ) A3 1 ! 1 17.1 if..::::::: 35 $ 24' 31 fti IrV a lft'4 65 10 14 3 43 84 117 4 42 40U 4'4 14 2 3ft 2HVI 3 170 2J- 44 5 24 3ft4 iA lftH RS 104 ii 34 118 A 424 44 ri 3ft 2n 3 171 2", 44 ftW i7 MlNINO L,, 1 fll'TSi: l.a ' ' a flat r eu fin" 71 Sfi '4 ."; 05 V4 IS fifi .14 tiO-IJ Shaffer Oil &R. 6s, 1929 Empire G. & F. 6s, 1 926 Kennecott Cop. 7s, 1 930 Texas Co. 7s, 1 923 nOUOHT SOf,D QUOTED MCewtt&Cfli II Third Ave fl I fi 11 1.1 I' K nf C, I! A; 1 filea 2L' f)2' JK I Kdll'l fi' .s Lfi Vit; 1 CKIiBI fiV 01 RfliM ' Inion I'ueific l. SL'1 , I'D Ttiion Par fd Is 7L,i, J T'nlted R S IV rt HO I I nid It In Co fis 70-1! I '..I S Untitled fi. S,1 L'!i.. '1. IS 1 S Steel fin m !rjl, ill'.. Sfi'I 7' , jri ' 7!)7H lift Wl'J 72 Vj JO 7DTi 84K !OS Philadelphia National Dividend The Philadelphia National Rank dl eectors todav declared the followinn dividend on the 15.000,000 capital stock of the bank Four dollars iM) per 1 har for the last three months on 3. noo.000 Lapltnl slock now represented K, .r.lr rartiarol.a Tn.. ilnlli.-. n f,4wut611 Land Title Bldg. Bc " slxty-wven cni (13 87) per share, on I 12.000,004 capital stock represented by e ' , stxck subscription receipts issued on or about jreDmary . laau tiio payinents . will erjusllse the- dividends on both forms I of stocks, said dividends to be payable MrU-oh 11, 1920 io stockholders of ' reoord at h close of business March 2J 1920, Checks wilt be mailed Empire Gas & Fuel 6s, 19,26 Shaffer Oil & Ref. 6s. 1929 Crew Leyicjc 6s, 1931 WHRY D. I0ENNINQ & CO. HOCK EXCHANGK BUILDING 'Whirl ,rrla-t,Jtrti)ioa Io ftew Tork If''"" Wolverine Copper Passes Dividend noaton. March 8S, The Wolvertn Coprr Mlnlnf Co, ha passed Its dlvl dend Thre and sis months aco 50c mas p-vld- i inrll l . . . . . . .,-1 .... ... ... .1... ' ' ' llflu i i ' "i r'in'i - " '" ' I''' ' li r. itomn. vir.,nain " nn iihtw, n. mj fanr .ti " '"'r nood JS''fl23r lohbinr ala of fancv 1,. -i jood 32W33c I.TVK Pfil IIIW Fo- fanry fat 45 It IT'- ef-rpnon'il lot. y --r.r do medium. 428 lie di inferior . ' l"i hrolllnc chi-k-en f.vn . e"fi mai.ii an re 14 113 Ibe ap.ere .".fe,rr epnr c rh .eni, average nfi rreai.d 42941c d rf-nor .IJifflO" eiariri vounir roo.tera TufrTjn old rieiatera "r."flr nu-l irhr- )'t t 4lfl46c. dn Indian flunner l!( M d. Mmrmv 30lii ,l2e Turkeyn 40 "f IV P a "ne. rT Prflr ftft flflrie IHIISKP POL'l. IKV ' rm held Ko l fresh klll'd drv.pirked . m.a welahinif 1 Ibe and ever nple, I . w-Lrrlilrirf 34 Ibe 391I, Uflgbltiz 3 l aiW.trtr fowlH fresh killed in bhl l pi k-1 iveiihiiisr I lb. H"d over mile, e Ult welahlnj 34 lla 371T3e welghlns t Hw n.l03.ie. nul rotera dr -picked JI' bioilerv, ,lerse drvp!ikd Oi do nr'l'n-iiv ncarbv. dry picked rfi'i ft.V broil"i wttirn drv- pirked welshlnr 1 4 -' lh" a. . IS6Dr rrastin? .iirknie v,ai.'n dr. pinked In hbla waUnliii: I ll j" ) v, r apiece, (lit 42c vvslrb'i. 34 It npioce 371f40r weiBhms 1 ''i apiece .intJSTi- eUhlna 2'i lbs up'-e IHf42c weniMrti orn fed cbtel ens 12 to liov. 17 Ibe and under tn doa p r b ISflMi It to Jl llm io dnz per lb Is UnOf J' to 30 lh to dn p. r Ih 101? IJ, 31 Io 3(1 lb. In do .171 16' .17 to 12 lbs to doj 171 a' 43 to 17 Iba in doi . per lb 3840c 18 lbs ani over in dm , per lb. 41UI2e rapnnii vveftern ualzlilng 8 to in lb npieee flffftfte, some beivvier atock higher. weishuiK 7 Iba aplero, fie wrUlilnr 6 Iba apljre B0r. welhln ft Iba npiri. 4e OREKN PUl'rrs Appl'S oer hhl as to quality IfSn, do per box tjtfl'jr. Cran berries, per bh! 13'd 7 nranaes, Tlorlda. bar lix t2.8ftt!8 4ft do California per box 12 40i8 6 RO, Crape'ruli Florida per box 1 iftO'4 tu Mrawi,ernea iqorl'U per nt . 2S5- VEOBTAHLE3 Wlilla potatoes per evrt , I5 7606.3S. sweat potatoes, aouthern. par r)mpr. II SlipiMO: do. Jersey, per hskt., is, per ton. iiaauo) do, Yiotiit., per victory Co quanerlv of 1' per paab!e Ma 1 Io aloelc i eniral I.' a'he rent on rfunmin uf reeord API II 8 National Oil (.o , quarterly of 2 per rent of preferred pnvable prll lft tn atorkholdera I nf rwi,rd April 1 , naionda rrlpfe-r Mininr fo nwarUrlv nf 11 a ehrfi- iaale Ma) 2ft Io atnrk nf r e. ir. April 17 I Liverpool Cotton , l.lvemool. March 23 Jipot notion vvds1 slow of sale today with prices llrm on tlio basis of an advanco of 2? points for mlddllnir at 28 97d The sales wore 1000 bales The receipts were lfi. 000 bales, IncliidltiR 0400 bales American Futures went wleadv In Ihe enrly denlliiKS Spni prices were American middling fnlr, 33 Q7d . uood tnlddllnir, 30 17d fullv mlddllnir. 29 37d ; mlddllnir 3D 37d mlddllnir. Sfi 67d , rood ordinary und ordinary. 21.47d Alaaka-llr Col Arluma Silver Atlanta lloU'tier Divide Kelcher Divide Kvt lllir l.rlA . . ! I loo 111 . Iloat t. .Mont Hank clearings today eompar, I uuli rr,i I nled Mill . reapondlnB day last two eara 1 1 aliiujet & Jerome . 1020 Hill) 1riic Ciinadi C'op I'hlla 170 27M.070 inn 7U7 s7i ;,.. ; i ', s , , l.atidelarla M . . Jlniliill Hll.72l,lftj ll'kililn!) una Copper M ... N V . H70.1i 13.1172 .Creaeon Oolil . Dellrera . i . . , . I HI Salvador i Piireka Croeaus . . I'nrl v.nlne Mlnlns flfllclal discount l.ilea ,it IP twelve Hulilen; Hate Kxi . rcnera reservo iiunnn eif. ;, n nn, " wne Th fllSI CO lltntl Ule nm. tr. ..I periods up to and Iml.idinn ,i Mfteen-duv "l i zon- lldtlirity I in. seconn tui- peiiod of si). Ureal Bend lecti U ninety dns 'Ih. mini nnd fourth illeela Mlnln ... columns Blvo tlio rnics fr ditfoiints of ' Juml Kxtenalon collateral loans s.c.ir.,1 i.v KOveinnien j Clin'" " b'"!,1l.?.r ,.:U"', llu.N,'maraCu : BANK CLEARINGS Reserve Banks' Discount Rates nvi n n'i i l i 31s 34 34 814 M 31 ll 11 4" 114" 3ft. 31 35 14 14 1 4 lift 113 113 r 5ft "Ki 7 7 7 3.1 32 33 04 r. n i i- .!i 1 i 14 14 14 3 3 3 II 11 11 12 12 12 , i a; ft ft ft 7ft 73 73 . 36 . 3ft n.1 A f, A 1. 1A H V 4 4 . ftv. r, fttj 111 W I't 114 II IH. I Hold Devlp I (III. I Silver Pick I , jow I2i7d, Gold Withdrawn for Cuba Srw York, March 23 Two hundred nd fifty thousand dollars In Kold coin Inis been withdrawn from the Kub-trcan-uty for shlptiinnt to I'tibrt Today's Range In Liberty Bonds 11 13 lllsh Tw a. in Mb Bond 3V$- 7.00 f)0.P2 00.08 Llbllond 1st 4s.. 00.B0 00.42 00.50 Mh Bond 2d 4s,. 80.20 89.02 80,14 1Mb Bond 1st 4 '4 s 00.80 00,70 00.80 Lib Bond 2.1 48 80.60 80.52 80,50 Lib Bond 8d 4's 02.00 02.62 02.54 T.lh Hond dth 4is 80.60 80.60 80.64 Victory Note H 07.4. !T.n8 07f40 iiaies on ouisirfiiuiiiir .rnii,..iu r Indebledness contlniu urn hnnceil at 1 per cent, with the evepnon nf Minne apolis, where thx rale N I t p,.r ,-el Corn I mi.. , (j, rnr,r .,,,, J" "'-"I lUio'ni) r.4 rsosiou ' n New York . . n Philadelphia , . M ,, Itlchinond Cleveland 'I " Atlanta n chloac 'i (i St liouls ' n Minneapolis . , ,, Kansaa City ; o Dallaa (I San Kranclsco rt i, ft 4 V- X! Slj .v. ni, ni, 14 ft 4 "4 ft'4 ft'J A4 15 MONEY.LENDING RATES NEW YOltK Money nn cull, both classes of collateral, npeneil today ut 7 per cent fur lending and reiievvlPr.'. PHILADELPHIA ,-hu, 6 n , VuViSo&u 'sr,ui r l (-. .-. ...,, j ri.,i.ii UT1 - ,11 v.o Another Big Stock Dividend rlllsbursh. March 23 Th ui,..a fl!.,,u'y Manufacturlnn Co. declared i dividend of 100 per cent on the common .Molbep 1ide MpliiailnK . . Ophlr 1)11 Prince Iteil Warrior Hex Cons Ttorheater Mines Hope CI roup . . t-livrr Klnx of Arlt Surcees Mln Tonopah Helmont Tnnnpah Caeh Itoy Tonopah Divide Tnnnpah Kxt Tonu-Jlm II Tonopah elln Tonopah Mlipah Tnnnpah llescue Kula .... C .V Cont Cnltrd Kastern irtnrv , ti Bnd C While Caps White Caps Kxl Wllbert Terlnston BONDS Allied Packers ATT di. 1022 HeUlan As, 102S .1 14 n. 4 12 (V 21 211 2 '4 4.'. II 10 4 ftft "'4 IA A I) '"a 4 n 1T" 24 2 4 21 1A "S I II 14 16 .1 1 14 14 ' 12 II 21 2 214 I,'. 10 10 4 ,MA II . 16 4 17" 24 ,6U 22 M I It 14 14 .1 II 4 I 77H 77H OKtZ nil' ' tiTf -4 2ll 4 Ut4 ftS 1111 2ft Ott 14 l'i 4 12 (! 2ft 24 .'' 1" ill 4 8.1 'V II .A PS in A a1 1TW 21 lA "S I 11 it" 3 'J' OftS 09 284 094 CHICAGO BUTTER AND EQQS r ,11010 ". i" "Via mock, payame, n commoni stock Arirli I u.1"10 Sniffli oit r Not 49i" 0T.4 M,40 07.48 mfMi -record Mar:.!00 "jti 11&& ,ff$iS& ROaS nnsttlsd. TleoelDle. 14 sin twei enjinry ,VH. .411 liue). "4S44ai) r WHY CONDUCT YOUR BUSINESS ON "HOPES" AND "PROMISES?"! THE "LONDON" GUARANTEES YOUR CREDITS ' T TNLESS your business is all cash- -' in-advancc, you need credit in surance The present times are too unsettled and credit ratings are too uncertain for you to be sure of any of your accounts. And collection agencies give only "hope." But when you carry "London" Credit In$ur ance, your credit worries arc over. You Jfcnou you'll get your money on covered ' bad accounts, and you know when you'll get It, whether ive collect It or not. Don't watt till another account becomes bad or times become more unsettled. Write, to day fr full particulars of our Credit Insur ance Policy. Asking won't obligate you. otmsuPEn.- SEHVICE Losses Riid In AnicricanCurTcncy ATYOUn. SERVICE. Established Eidhtten Starfvnirvr. I (Ta55" ' LONDON GUAIUNTEE-4ND ACCIDENT COMPANY LTD.. R. A. IRVING, General Agent Phone Lombard 40.6 nimVcn,s, PA. 0 LaF.T,e Bid,. UNITED STATES GOVERNMENT LIBERTY LOAN BONDS Appror. Tleld It Apprar. Called, or It Tleld t. Ixwvna Rata Callable,, Due Selllnrtrr MtrjrltT on Callable Data 1st 3y2 1932 1947 3.80 3.677, lit 4 1932 1947 5.04 4.62 Victory 3 1922 1923 4.86 4.63 2nd 4 1927 1942 5.83 4.81 1st 4V4 1932 1947 5.28 4.87 2nd 4-4 1927 1942 5.92 5.03 4th 4V4 1933 1938 5.40 5.13 3d 4V4 1928 5.357o Victory 4 1922 1923 5.84 5.65 $50, $100, $500 AND $1000 DENOMINATIONS MONTGOMERY & CO. NEW YORK 133 S. 4TH ST. PHILADELPHIA CHICAGO Rerernment Fecnrltlea Department TELEFIIOXE81 Bell, Lombard 4320. Keystone, Mala ISM A Penna. System Bond to Yield 7 Tax Free in Penna. Western New York & Penna. RwyvCo. Gen. Mtff. 4 Bonds, due April 1, 1943 Authorized and Outstanding $10,000,000 Stated to bo a closed mortgage at the rate of $33,500 por mile, including the prior lien, on 600 milca of main line between Buffalo-Pittsburgh and Buffalo-Philadelphia. A first collateral lien on the Buffalo Terminal properties and a first lien upon equipment valued nt ' about $9,500,000. Circular on request HARRISON & CO. BANKERS 106 SOUTH FOURTH STREET Afembers Neu York and Philadelphia Stock Exchange Rockhill Coal & Iron Company 8 Cumulative Sinking Fund Preferred Stock To Yield 8.16 Frr ft Penna. Btat Tar Reed A. Morgan & Co. West End Trust Bldg. Philadelphia, Pa. rnoPEnrr Valuable ovemtina mtntnq properl producing ihe Mphett grade of "Smakelenf' llltuminnus coal. Marios Only HO miles from rttlladflrhia, anil nearer the liastrrn market than any com petitive field. MNMt;r.MF.ST Madeira, Hill Co., ttm well known coal operators and dealers, are owner) of ihe property. PltEFFMHEP STOCK Safeguarded by liberal Sinking Fund and rnvelment of earnings in Ihe property. Mtmb'm nt thi Philadelphia fttock Etehana Baldwin, Philadelphia Tho 53,000 Baldwin Locomotives constructed to date have probably done more to npread all over the world tho fame of Philadelphia, as a manufacturing city, than any other manufactured product. The Baldwin Locomotive Works U. S. Liberty Bonds All Issues Bought and Sold $50 $100 $500 $1000 Graham. Parsons &Ca 419 CHESTNUT STREET Phlladftlptl,.) n . r a : : M
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