K?V 'Yfr r i . ;irTC'. ''.v. f.ft .: -; J f 7 ... . V h Y ft) $. " :it.; '. -WXft . f Lrn at '! ffi illrf IIS Wilt IffutLt mm IP. r Sw ,.lV urt-f At,1':J. t. .' -? M w y: Fit ' 5 t'r & ' 111 Pill til 'fi"' iK FOREIGN GOVERNMENT BONDS Profit 150 In 17007o possible. Through our direct connec tions m Kurope, wo can offer nil issues of Foreign Government bonds at low prices. Full description and prices on all issues. Scurf 'or Cirrvlar P I..- ') Farson,Son&CoJ Members Nw Ye-U Mvl Uvhanitj 115 Broadway, Now York I MARKET LACKED SUSTAINING POWER NEW YORK STOCK EXCHANGE TRANSACTIONS Short Term Bonds To Yield from 7 to 8 V nun and offer the short term bonds, and notes of eleven of the best known and most conserva tivclx managed railroad, public utility and indus tiial corpuiations. ."iprf for It it L-'i HANDLER60WANY Franlclin Bank Bldf. Philadelphia Hsw Trk Bcwton THE Industrial Trust Title & Savings Co. 1946-52 N. Front St. CAPITAL $500,000.00 S U R P L U S and PROFITS (earned) 1,344,236.44 DEPOSITS ... 7,707,655.02 TRUST FUNDS. 4,242,953.32 John G. Carrutli, President John S. Bowker, Vice-Pres. & Treat. Harry W. Hand, Vice-Pres. Commtrcial Dashing Siiinjj Fund Selling Movement Assumed Wider Dimensions as Prices Slippod to Lower Levols New York, April 20. The most striking feature attending the opera tions In today's stock market was the completions lack of sustaining power. The only element of support was sup plied by the short covering, while on the other liHnd. advantage nppnrently was taken of vtry rally to liquidate long holdings. The general list, in conse quence, experienced Hltrrnate advances , and declines during the session. The , artive leaders rencting 1 to 2 points ou the firi-f rcrrsnl following the mixed opening, with a t-ethuck of S points for tG'enernl .Motors. The second, rally was featured by mils, with the imestments ' and low -priced transportation shares gnining 1 to 2 poiuts on buying of Heading. transcontinental ami New I York Central. Another reversal, how- I ever, succeeded the opening rate of 8 1 per cent for call money and ndviecs from i the west stuting that banks were re- j trieting loans to essential purposes. . 1 This secondary reactionary movement ' occurred around mid -day. at which pe riod the most of the speculative leaders t loiii-hetl the lowest, levels which brought the greater part of the list neiir the prices reached on lasU week's severe I slump. i l Certain elements on tlic street were I 1 disposed to make a great dcul of fuv I over the enormous borrowing demand! for stocks after the rlosing yentcrday. I :Tf tbiM represented the growth of iiu '. , unwieldy sliort interest, as many pro-j f.ied. thibenr party must surely have 1 been extremely confident of their post- ' i tion. as there wa manifested only nn indifferent deposition to reduce thee .outstanding commitments. Ou theotlierj band, there were many reasons for sup- , posing that possibly a considerable pari . 1 of this reported heavy borrowing was only nn old market trick to cover up real liquidation. There was throughout the morning lots of evidence to be found ! 'indicating iihurai inundation m many parts of the list, especially among some of the pool issues, in which there is 'supposed to be considerable western in terest. j There was nothing particularly dis turbing in the overnight development I from what was already known to ac- I count for the recurrent selling pressure. me .nev-wan situation was no worse; everybodv was fully aware of the tight I money market. The rumored plan of the government to reopen the jteel anti- t trust cne a a tlnsli in pan. ns was the proposed increasing tax legislation. If all the bills being presented in Con- I gress should become a law. the Ameri can business man might ns well shut ' np the shutters and go fishing. Most. I if not all, of these measures, are merely 1 political window drowsing anil will find ! lodging in pigeonholes. Commonwealth P. R. & L. Co. Pfd. Div. Scrip Portland R. L. & P. Ce nt & Ref. 5, 1942 eiil.glarkKo. BANKKRN 321 Chestnut St, Philadelphia Mrn.tr- v, y0,: nnit PhMaitlrMm Stock Eichanoia PRICE MOVEMENT OF LOCALS MIXED Favorable Showing Made by' American Ship and Com- j merce in Annual Report j Tlieie was a curious mixture of neak ,Wid stronc pots in today's local market which altogether cave the market n peculiar ragged appearance. It was a clear reflection of the mixed sentiment ' i of Hie trading element and tue con- tinned cautiousnc of the outside buyers and growing timidity of thotp holding various securities. There was lmot n complete suspension of specula tive interest in the out.-et. but a the day progressed the market gradually broadened out with a small but nppreei 'able expansion in the volume of deal ings. I Each movement was individuals in- , fluenced by some local influence, but nl- togetlier the mixed character of the price movement refie. ted the extreme nur- I rowness of the current market. The incr cniingc. ns in rne in o, entii" o 'i. Can. Pacific Ry. Equip. 6s, various maturities. N. T. Central Equip. 7s, various maturities. Virfiniau Ry. Equip. 6s, various maturities. Empire Gas & Fuel 6s, 1924. 1926. Mah'ni & Shenanto Ry.& Lt.5s and 6s. 1920. Northern Ontario Lt. & Pr. 6s, 1931. Pennsylvania R. R. 7s, 1930. Pkila. Electric & U. G. I. notes. Bought Sold Quoted AStCqwhsCo. I M TITI 1. III. Of.. PIIII.N. Mifiilirf. rhil.tilftphi.i stoi k KNrlirtntrf red in the ma!,ii uml ,.h- '" i ne. Philudelplnn Traction made a further recovery to .".". l'enn Ontial Light on muP .-ales advanced, to 12. I'tiinn Trai-tion '. Iiig.ier at i .'!2'f On the other hund. North l'enn- I slvania was of S2.2."i from the previous. , aje at TO. Philadelphia Co. declined i to .iv i nited Itailronds of New .lerev on a sale of one share as &1 lower at 175. Amnug the more prominent local shares .1. (J. Hrill was up - ; United ias lmpnrmeut in ': General As- nualt Si-. I-' nt Storage H.lttery, LIBERTY BONOS All Issues Bought and Sold $50 $100 $500 $1000 Graham, Parsons Ca 435 Chestnut Street Philadelphia 77l-j, while Klectrie Lake Superior. Phila delphia Klectrie and Philadelphia Rapid l ranir were uncnaugisj. American t Ship ci: Conuiier' e on limited dealings I mi- advanced to lil. or 27. S points above Hie tiit inns v.ale. I Th.s wax in re-poji.e to the excellent showing made 'ti the iinuuul report fl i 1'or Hi,- eur ended pis ember "1, 1!i!l, tue company ictiiriied a .urplus. after iiaig"-. and taxe-. of . .sf'J. )".", rsjinv - ' .ibiit. ni'ter I la A dividend disburse I merits. In SITi iCt a ihurp nn tliu Plnac 1. I ro k 8alia 30fl nil) loo 4 00 too 011 toon too zoo 600 100 una 100 3.100 too 1300 300 000 f'iOO too 3.100 100 1800 3X00 MOO (1300 U300 too ion 1400 800 .TOO 1300 loo 1700 on ou loo ion MOO 100 000 R0O 100 1400 too 39300 3100 100 r.no 300 100 1300 9J00 too too aqo 200 too 400 300 cno 400 too 100 1 0i) HOI 300 1100 1100 700 100 700 300 40)1 100 .SOJ fino 000 lion mo 400 v:oo 7100 400 ADO 400 two 3900 700 100 100 200 900 13803 100 110) 3700 100 100 4 th) ion 1500 too IIIOO r,oj ion ;ou ion (100 7rt 100 too 3tHI 900 003 3300 16500 100 700 R00 son 1090 .on liUII won mo inn HHI0 Son mo I .;no on 100 on .'I on iOO inoo oo iiio :ion 3000 -.300 s00 100 100 ion 1011 Tlv, tn. t lllfh . . Adams Expreis 31 H . . Advance H mely .... 31 Advance Itumoly pf.. MJS AJtuc Rubber 7i .. Alaska Gold Mlnea... 1H .. AlMkn, Junoau O M. 3H . . Altls-ChalMAra 37 . . Allls Chalmera pf . . 11 a Am AgTio Chein .... AT a Am Beet Sugar stvi 10 Am Dosch Magneto... Ill Am Can ..... 4 7 Am Can pf.. ........ 91' 1? Am Cur ft Fdy 134 4 Am Cotton Oil 44 so Am Drug Syn 13V4 B Am Kxpress ..128!4 .. Am Illdo & Leather.. SOU 7 Am Illdo & Lcath pf.toott Am Ice vt S9M 4 7 0 3 7 in a 20 Am Internet Corp.... 0OJ4 Am-I.iv France Ens. .. 13H Am Linseed S3 Am Locomotive Am Safety Razor 13H Am Ship & Com 'J Am Smelt Rf 61 Am Smelt & Ref pf.. S3 Am Snuff pf so Am Steel Foundries.. 41 Am Sugar Rcf t'13 Am Sumatra Tob R3W Am Tel & Tel M ,m Tobacco 2M V n Am Tob sec tomp ctfs. Mvt 7 Am Woolen lWft 7 Am Woolen pr IMS . Am Writing Paper pf. t 1 Anaconda Copper S7Ji Asso Dry Goods .... 37 Atch Top & Santa FV. 81 S Atch Top ft S Fe pf . . 73 Atlanta I! Inn ft Alt. . .1 10 Atl Gulf & W I S S.1.70 .. AU Gulf ft W I pf... 0? 3.30 Ilaldwln Locomotive. .113 s .. Baltimore ft Ohio.... 34'i 4 Baltimore & Ohio pf.. 44 U 2.50 Barnsdalo Class A... 40 5 Barrett 17.1 . . Batopltaii Mining ... 1 .. Bethlehem Motors.... 24J a Bethlehem Stoel B... J0',i Bethlehem Stl 8 pf. lOSVi . . Booth Fisheries .... aj .. Bklyn Rapid Transit. 13 . . Bklyn R T ctfa of dep n',4 . . Rklyn Un Gas 1st pf . . 70 7 Brown Shoe 1 15 10 Burna Bros .. 119J .. Butte Copper ft 7,lnc. OS .. Butte ft Superior Cop. 2C .. Caddo Central O ft R. 18' .. California Petroleum. 31 to 10 Canadian Pacific ....117 " Central Leather 74 ' 4 Ceiro de Pasco Cop.. 47 in Chandler Motors 140 4 Chesapeake ft Ohio... Ji2!t 2 Chlcnffo A Gt Went pf- K' .. Chi Mil ft St Paul.... 34 . . Chi Mil A St Paul pf.. 40 8 Chi Pneumatlo Tool.. 88(4 .. Chi R I A Pao 33 Chi R I ft P 6 pf... 3 ChUe Copper 104 l.so Chlno Copper 33!l 1 Coca-Cola 3S 3 Colorado Fuel ft Iron. 3S'j f'ol A Southern 31' r. t.olymb Gas ft EUcc. . . 60 1 Col Grnphophone .... 40 . Col Graph Rts !' 4 Comb-Tab Record ... 30 7 Consolidated Gne .... Rflt4 0 Consolidated Cigar. . .. 61 3 Con Interstate Cal M. Iftlt 4 Consolidated Textiles 4'iH .. Cosden ft Co 43?a 7 Ccntlnental Can .... 88 7 Cont Can pf 100 Cont Insurance 71' 1 Continental Candy ... 13 4 Corn Products Ref... 09' 7 Corn Prod Ref pf 104 r: Cruciblo Steel 330 10 Cuba Cane Sugar .... &1',i 7 I'nba Cano Sugar vt.. SI Denver & Rio Grind l? Denver & Rio G pf . . . 11 H 7 Durham Hosiery pf... 98H 5 liidicott-Johnson ....103U 7 Kndicntt-.lohuson pf.. 8R'i .. Etle 13'i Krie 1st pf 5Ha Krio 2d pf 13 8 Famous Players-L. . . . 75Tj x Famous Players pf . 84 3 Fiak Rubber 34 10 Fisher Bodv 133 Kisher Body pf 101 . Frecport Texas 3'JU . Gancti Wms A Wig.. 15 J 6 ('".eneral "igar 6.t s Gener.il .Klectrie ....148 .. General Klectrlo rts.. 31i 2:n Net trfw INTtm) Chsre. 3ij4 m yi 3S -6IVi- 154 34- 70 r a( 03 - 1 110 40- U 9il4 1S0- 44 - 1.1 - 13SJ4 - 20 - Bft -SBJ4-88W- H- 82V4-93-13 -21V4 80 40J, -118 -8714-9SW- t'A-&014- 191 - 100J4 41 8i 37 -5 -148?4 - r7 - iosv- MJi - 4414- 4 4 135 10 General I Gcueral Motors ctfs 6 General Motors deb 8 Goodrich B F Motors 313 31 A 73 C7 .on 7 Great Northern pf.... 7SH 4 it Nor Ore otfs 3J Gulf Mobile & Nor. .. 14 Gulf Mo A Nor pf. . . 33 . Gulf State Stoel SO1 l Haskell A Barker Car 63 1 ; Hurtmun r.jrp . . 88'j Hemlee ctfs . 37" I Hi.pp Motor Car 193 ; ir.mo's Central &.' liKnahoma Rf s;, inspiration Con Cop. . 54 Tnterboro Cor Corp... 3 In'.w Con Corp pf . . . . 11 'i 1 in Agrlcul Corp Tl Intl Harvester new... 135 Int Mer Marina 33 z Int Mer Marine pf SB Intemat Motortruck. . 110 Int Motortruck Zd pf. 07 Int Mo Truck rts 7 . . International Nickel.. 20!i . . International Piper.. 74 V2 .. Iron Products Corp.. 43 Jewel Tea 1 ! .Tones Bro Ti 34 I Kansas it Southern. 15Ti Kelb-Spg Tire IH 3.1U 30 6M4 00!4 1H 79 87 93 110 40 ti 9IV4 ISO', 44 13 118 30 99 H 59 M 88 taH 83 Vs 93 tv sols 93 80 40', Ill -74 hlVi u 325(4 llfttt 100H 41 aoH 37 79H 73 ? 3 147 07 109 Vi sin 44 W 44 135 1 3-Ti 874 108 VS or. 13Ta !4 79 110 118 914 34 18 31 '4 117 73'. 409i 143 51 33 33 li 4914 87 33 63 l14 33 H 35 !4 35? 31 U 60 38 b 1? 401$ 83 sots 14 H 4014 43 87 Vi 100 71 13t5 95 h 104 330 4S'4 81 O'i It 9RH 100!, 98', 134 in 13H 75' S4 33 135 H 101 23 13 63 140!4 314 398 39 H 73 60 141, 35 U 13 i 33 ', 55 VJ ti34 SR'i 37', 19 'a 85 S 53 H a'-i 314 118H 33 83 110 67 n s 41 V2 14 34 3T, lll'i i a'4 14 1H 114 H 1 i 1 V4 VA 14 '4 1T4 ' V Ti Ts 5 Vt 1 114 14 ?4 Vs Vt H 15 I Ui 1 J4 14 1 1'Ai 4 I 114 Vi v 14 '&Vt 3 H U4 l'4 A 1A I V i l'4 H 1 I J. 14 1 3!4 1H 14 114 1 14 23J4- 88H- 10814 9T4-13T4- 914 79 115 4 118 r ,- 34 - 1811 3114 11114 721i - 164 143 -51 3314 34 -'-4914 N7 -33 -62 -1614 33,- 3:.- 31 !4 60 3 Ji lt. -4014-86V4 4014 43 88 100 11 - 3V4 j 1314- 14i P6S- 2 I 104 - is ; 231 '4 - 1 14 I 4SV4- 3 si - n 6 - '.4 11 - I,., 101 - 98J' "14 2014 1K "5 Vt -84 32 -133 -101 -- 3314 -- 134 63 - 1(6'4 214 302 -30J,-72 -1-60 -74U-35I4-M -r 33 J-5.'5-1.2 -8M'4 -37 19'- O'.J 62 4 -3. U J4- 31 ?i -11914 - 32 -f Sln 100 3(00 1309 5300 100 too 709 100 890 1500 100 1300 300 too 3500 100 300 100 400 8300 too 33900 1300 600 300 too 3209 900 100 1100 100 300 800 100 100 100 10,0 1250 500 COO 3100 100 4500 609 500 3200 200 200 300 100 30!) 30500 2600 300 4690 100 2600 HP 200 1500 160 200 1700 100 112011 2010 too 100 1100 390 3100 709 180) 35300 200 500 too 28100 30 10'i 100 Dlv. I" . . . Hlfh 7 Kclssy Wheel 10J4 2 Kennecott Copper.... 39H s Keystone Tiro A Rub. 33)4 Lackawanna Steel ... SOU . . Laolcde G an of Bt L. 3H .. Leo Rubber ft Tiro... 3JJ4 3.50 LehleU Valley 4315 .. LlgTjcett A Myorst rts.. 114 s jjoowo Co 31 17H 143 VA 35 18 130 48 K 3914 . . ix) enrp 12 Lcrlllord Tobacco .., .. Lorlllartl P Tob rts .. Mallleon A Co. ... .. Malllson & Co pf. . 10 Jlanatl Sugar , 7 Manhattan Kiev guar. . . Maxwell Motor 2H 4 114 H 14 v, ?4 H' 1'ii 2'4. 4 '4 J4 a 3i 14 1M 2 4t4 il 'i s! I'4 ! 84 - 110 67 6 20 - 7114- 4314-i-14 24 15', 113'j - 4 4 HI 100 1100 200 100 100 000 501) 500 200 200 300 0090 12100 300 361011 2100 300 11000 890 700 1100 21300 100 300 1000 5600 4700 500 1960O 100 1600 200 1700 300 30O 100 300 800 200 200 3500 000 1100 3200 1(100 5100 100 inn C17UU 400 1300 too 900 10100 300 100 1300 500 .100 200 1700 7110 1400 20000 600 ion 300 1000 Maxwell Motor 1st nf. 51 7 May Lept Storm ....125 JO Mexican retroleum..l70j4 2 Miami Copper 32 Ja l.so Middle Mates Corp.., 31 4 Mldvale Steel A Ord.? 4414 .. Minn A St L Now.... 13!4 7 Minn St P ft S St M. . 73 '. . Missouri Kan A Tezu 8 .. Mlrsourt Paclflo 2431 .. Missouri Paolflo pf... 40 3 Montana Power 6314 . Montgomery Ward... 3.V.4 4 Mulllns Body 40 3.50 National Acme 36t .. Nat Anallna A Chem. 64 7 Nat Anallne A Ch pf. 87 7 National Biscuit ....11314 .. Nat Conduit A Cable. 10 8 Nat Emun ft Stamp.. 7414 8 National Lead 8014 n U MCX & iuoxico... ;i,4 New York Air Brake. 100U New York Central... 7214 Now York Dook .... 36 !4 New York N H A H.. 30Ji Northern Paclflo .... 75 Nova Scotia SAC... 57 14 Ohio Cities Gaa 407, .40 Okta Prod A Ref 414 8 Otis Klovator 1.1 .. Otis Steel 28 4 raclflc Devcl Corp... 70 5 Paclflo Gas ft Eloo... 47', fl Pan-Amcr Petrol .... 9-1T4 8 Pan-Amcr B 90J4 .. Penn Seaboard Steel.. 27 3 Pennsylvania R R. ... 40H .. Peoples Gan Chicago. 31 .. Tero Marnuetto 25 li 5 Pero Marq prior pr pf . 63 3 Philadelphia Co 38ft 4 Pitt C C A St L 69 5 Pittsburgh C of P... 61 . . Pittsburgh A W Va . . . 32 Pitta & W Va pf.. . 1754 . . Pleroo-Arrow Motor. , fit .. Plerco Oil 1B 8 Plerco Oil pf 87?4 1 Pond Creek Coat 1754 s Pressed Steel Car.... 9914 Pullman ixt4 S Punto Alcftre Sugar.. 104 14 .8 Railway Stoel Spring. 92V4 1 Ray Con Cop 18 4 Rending . ...: 83 : Reading 1st pf 4314 2 Reading 2d pf 4314 . . Remington Typewriter 73 .. Roplo Steel 8414 0 Rcpublto Iron ft Steel. OtJH 7 Republic Iron A Stl pt 00 .HOH . 13'4 33 1, 31 13 2214 00 14 714 14U 10 5 .CO 7 5 4 5100 5.20 Royal Dutch Amer. St Joseph Lead St Louie. San Fran... St Louis Pan Fran pf. St Louis Southwest... St Louis Southwest f Savage Arms Saxon Motor Seaboard Air Line... Seaboard Aid Line pf. 8 Sears-Roebuck .312 flhattuck Arizona Shell Transport . , Sinclair Oil NIoss Sheff Southern Paclflo . Southern Rail . . , Southern Rail pf . 10 . 80 . 37 . 67 . 07 !& . 21)4 . 3314 20 Standard Oil of N J.. 705 7 Stan Oil of N ,r pt. ..105V4 a Stewart Warner Sp.. 43 14 . . Stromberg Carb 8014 7 Studcbakcr 110H Studebakor pf 98 n Superior Steel 0 .. Tenn Cop ft Cliein... 1014 50 Texas Co 441, . . Texas A Pacific 39 6 Tobacco Produeta . . . 6094 Transcontinental Oil.. 151, A Transue A Wms Steel. 3t . Union Oil 3',j K Union Bag ft Paper.. 117 10 Union Paclflo 11914 I Union Pacific pf 63H United Alloy Steel 44'.i United Drug 135 United Drug 1st pf.. 49H 4 8 3.50 13 United Fruit 306 United Rwy Invest... 9J4 .. Unl Rwv Invest pf... 22J4 3 United Retail Stores. 6914 .. U S C I P A Fdy 17 Vi V S Food Products... 6414 8 U S Ifld Alcohol 80 U S Realty ft Imp.... 51? s V S Rubber 101 '4 s r S Rubbor 1st pf 108 h A C s Smelt A Re' . 64'4 j U S Stool U04 ; f s Steel pt 110 ti rtaii Copper 70U Utah Sec . . . . . . 84 4 Va-Carollna Chem . . 08 6 Vanadium Corp . . . 8014 .. Wabaah pf A 2314 .. Wells Fargo Exp ... 55 .. Western Maryland... 10 . . Western Paclflo 28 7 Western Union Tel ... 85 1 Wefitlnghouse A BrakotlO 4 Wcstlnghouso K A M. 4S14 . Wheeling ft L Erie... 10 H I Whito Motor 57 1 Wlllya-Ovcrland 2114 7 Willys-Overland pf... 83VS 3 Wilson A Co 60 8 Wool worth F W 140 Worthlngton Pump... 71'4 hi-dl'.iii'nd. 2 :S0 Nat Tjotr (NTtm) Chs. 70 U 28 3054 1614 38 3314 4314 10V4 39)4 "K 143 815 3.1 78 131 4874 2914. 51 110 16514 3314 31 43H 13 73 A 23 ? 39 6SV5 33 J4 40 36 6214 87 113)4 10 714 78 37 9814 70)4, 36)4 28 7414 55 ?4 39 H 4?4 132 31. 70 47 son 87)4 36 40H 34 24 63 36 69 K 301i 30)4 7714 57 H 16V4 8154 1114 9194 13 102 91 1114 84 i 43 42 73 79 9214 06 100 1514 2114 31 12 21 00 H 14 7!4 14 209 ?J 10 7514 35 H e5r. 95)4 20)i 5314 700 105)4 43 76 10714 98 50 IOI4 43 1, 30'2 cn ti 51 29 H 110 11114 02 ?4 4414 135 484 202 054 33 K 68i 11 C3)4 8014 49! 99 10s ; (!(' 9M4 109?g 694 8H 6514 16 2314 55 li 26 8414 11414 4814 to 5514 18H 1SH- aw 82 832 66 66 13994 13994- I)i 0814 68'i- I 70J4- ?4 28 - 1)4 32)4- 114 71W !4 383 32WI- IK 43)4- J4 18)4 .. 30-1 17H- Va 143 - 14 414- H 33 - 3 18-3 116 t 4814 H 2914 14 II 14 12314 14 16514- Hi 33J4 H 31-3 434- '4 13 123 ft J4 S3J4 39 63)4 14 33J4- 1)4 40-3 30 63)4- ITi 81 - 14 113J4- 14 10 14 74)4- 14 78-1 37- H 9814- 14 7014- ?4 3614- 74 28 - J4 74)4- 14 554- 3?4 39- 1 414 i4 132 H 27 - 14 70 14 47 - 1 91 - 1M 87)4- IV4 20 - 1)4 40H- 14 3 - 34 24 - I 63' - 1191 31 - 1M 69- 14 59)4 14 30)4- 54 7114- V4 51H 194 10 H 14 81H- )4 1114 .. 07K- 1)4 1514- 7a 10414 14 91-2 1714- 14 844- 3 43 2J4 43-1 73 70 - 314 0314- 214 96 - 1T4 1004- 3)4 1514- 14 21 (A 94 31 - 14 12 22)4 00 1414- 1 7)4 14 - 14 209?4- 414 10 - J4 1514- 44 3594- 74 f5?i- 114 0514 ' j 20 u- 114 6314 700 - 5 105)4- H 43-14 7694- 174 107J4- 3 88 60 1 104- !4 43li- 4 3614 .. 66 - 94 11 - l'i 51 T- '4 2094- 1)4 lie - i4 118)4 1 8294 94 14)4- 14 135 4894- Vt 303 - 3 014- 1 337i - 94 00)4 94 17-3 014 14 86)4 - l!4 4914- 2'J 119 ?4 - a4 I0S9 6C4 i4 r94 I 4 no 1, 70 8i- 14 65)4 194 8014 3Ji 21)4- 14 551 ?- 14 26-3 84J4- 114 11414- 3H 4SJ4- 1 10 sA 6514- 1J4 Now York Curb INDUSmtAKS Illsh Acmft Coal ......... 3 Aetn Kiploatve ........ nji Atlantlo Krult 2dU Hrlt-Amer Tob coup .... 291 Carbon Steel ....... .,..10.1 i.nr i.iRiii ., Columbia. Kmrld ....... CubanAmer Hurir .... oneritl Aanhalt ..m... m iiereuiea i-aper .m... lierden Cbemlcal ........ Indian Packlnsr ......... Keyttone Bolether ...... J ,1 Case. ............ ... North Amer Paper reriecnon Tire iTegman Tiro Radio Com . . Jlndto Com vrtt flweetCo , l 8 Hlah Hpaed Tool u h meamooat ,.., United Picture Prod , United Profit aharloe; United BeUll Candy STANDARD Oil. STOCKS . mandard Oil of Calif ....831 330 Standard Olf of N Y 397 SO INDETKNDBNT OILS a , t t 1 1:80 Low p. m. 2 3J flit k 2nV4 2014 ion 1094 loo loo., n '. I'M 7' nf, a',, so fit r4 72), 70 ijn ou an 8 n'i 0 lli 31 1P.4 10 .m 10 . 2014'" Uo , 20U 8i fl (1 2H 2 i 2U 1 2n 24 U'i 2, M'J. 2 2i !!, 2H 14 2'i nn q.iT 4a' . 2S 2, 2H ,. 2(i 2. 2 .. IN 1i 1U ,. 14)1 14 14i 330 3u ; Allen Oil 1I1IWU JU ............ Arkanaaa Natural Oas .. Boone Oil M. ...... Koaton Wyoming ........ Dominion on Dunuenne . . i:ik Ilasln Pet 39 21)4 4. . . ........ .. 8U I ....am. 14)4 ......... 41, i bL Bnrlneers Potroleum .... It S2SL PL. V i . . ......... prer ,...;. .m...v ....4 ....... ileral Oil (Ullllaml Oil OrtnHiln ... Ourtey Olllesule Homo Oil Houston Oil ,,, lludnoii Oil ..... Inter Potroleum Inland oil Kay County Oan ,...... h. n Tetroleum .......... t.tvlnsratow Slerrltt Oil ,..... Metropolitan Pet .7.7.1, ""'co Oil ,...... "Kla a Omar O phiiiip, p.troi .im :..::: Produoer & Ilennera .... Bed Iloek Oil ", nyan un Salt Creek Prod . Sequoyah Oil ... Slmraa Petroleum nKOIiy mi southern mate. .::::;;: ssf.cl!?o"nItSir.t.u.m.:::::;: Superior OU Texas Itanrer . . , HIHT Texas PnelOc Coil ,JT. Union Toxaa Oil ..irriH Vletorfa Oil new Iln Whalcn OU ...!!!? wmto ou ...::.': n no 129; 30) a 87 37 B4 3'., til 34U 7' 39. 39lJ 2Ai ION H 10li 174 J' St 1 1, 1 27'i 3H 21 4 8 1 1 24 no 12U 80.. -3H 8T'4 '3ti OS 2. 2i Ui in A 14 37. 4S 34 7i a?! 30 104 4 10Ni 1 "I' iU i 2V, 3S 21 i a; 4 14 h 1 1 2T4 no MiNrxo Alaaka Br. Columbia Amr Tin A Tunis . . Arzona silver ....... Atlanta ne cher Divide BMchar Kxt l)oton A Jtontana . Ca. edonla Jflnlnsr ... Calumet 4 Jorome ... Canada. Copier ..'. Candolarla Mln .... Cona Cooper itln ... Cons Vlntlnla Cortea Hllver ....... Creenon Oold ....... Crerrent MeNamara Dp llerra Mines ... Divide Ext UurekA Croesus ... Ruroka llollv ..... Hmma Forty-nlne itlnlnc . Oolrtlleld Cona ... " Ooldfteld Deve! .... Oolilfleld Kewanaa . OddOeld Mrr OotdOeld Silver Pick Ooldfteld Zone ... . Jumbo Ext Mae Nalnn ra Jtasrmn Chief 37'" Marh Mmlnr in -JJot'ier tLodo ss Mother Lode- new R; Murrav Mo .J. 7S vi1V'nJi in North Star (I Prince Cons h P.ex Cona . t Ilc-hcster Mine llono Group ("n Tov Silver Ivlnr nf Arizona Silver Klmr Divide . . S Silver Lead Sueerra Mlnlnor ... Tnn.nn1. IM..I.I. ' T.nnnntl t'v.an.lnn Tonopah Jim Duller Tononah Midway Tonopah Hcaeue Kula . r h Cont United Kastern Victory While Caos White Caps r.tt . . Wjlport r...v..f. Yerlnaton l.V 1.V 8' 4 Vi t, 34'i VA 3VI 30 H S0$ "E 10? 17ii 1 61 1 ! 3 17 0 aii 18 3'i BONDS Allied Pack , .. A T T fl of '22 Corn. Txlll" 7a Oondrlnli Tiro 7s I It T 7a .. .. Kennecott Cop 7 Pcnna It It 7a . Sinclair 74 a. . Texas Co "a . West Elcc " .. 71', .. 8S, .. n . ns'i . not, . n:!. . .inn4 . . ns . o'-i . . 9SV Tin !I5H ns tl.114 5614 inn; nn n'4 us. T. T" 'V HWWA -i uhujjv ne mmm ceantni mer- From.Robc.rt Fulton's. t)rt uleamboat ih, "Clermont", with a length, df 193 f,.V L .u uv.....i .v ..ut ui length aniS '- a tonnatro of 64,3.3 Is but a mu gt,. In vaip. nut tt lat. am. t -l- .. . ment, Thla proitress would not havo been pea. slblo wlthdut the help of th Banking ln! stltutlons. Banltlnjf service Danltlnj; it. oommodatloh played an important part a It docs In all suoceaaful undortaklnss. ' 'Uhe Franhlln Truat Company l,nvltes th inspection of Its equipment, method and personnel. Our IBVi hour day and night 4rv!oe has proved a real accommodation and tits helped many Philadelphia Organizations to forge ahead. Wo are Commercl Convenient and Prcgreiatve. ' Frank 1 5th. St. below Market 111 4 "'I iH? t7Srlri zust Co, Phil. 52nd C Market St 1 STROUD & CO. announce the opening of offices in the Longacre Building 1429 Walnut Street for the purpose of transacting a General Banking Business April 29, 1920. , I F w' Philadelphia Markets J li , lD&uOt u l.ouuunj. rr Philadelphia Stocks 1 S'( Broker Wants Partner Member N. Y. Curb Market Association established more than fifteen yeara. Personal record and ability to produce business morn easential than capital. ATTORNEY, ROOM 701. Tribune BldB., New York. AoorlalMl Mmon. Ilurilvturn 4, ID'.'S nnffalo in. Um 7, 1925 Venn. K. It. ' i:to llsrtUiid Coll. 0.. Itita Krnniitt Coopt 7. 1030 'nadUn Nor. 5W. 10W rhlln. Suli. Oa, 4 !'! As. 10 II. '. (Joodrlcli 7s, 1915 Morton Lachenbruch & Co. 1jm Tirt.i: iiuxk. piiii.v. Tol. Hpru. 3H1. Hac, 6060 New TorU Chii.aa Detroit Piltaburah 1'ortlMinl Kr.. t.t. i: Power S. 1011 Hmnlrr (tn 4' Uurl An. I0J0 llnllod (ia lull" lis. 1911 Ruplre i & luel l. 1074 HENRY D. B0ENNINQ & CO. STOCK EXCHANGE UUILDINO IMrnt Prltal Telcphon, to New York Uamlxra J'hIU. Otoclt Cxchaaa M yh Jot p m ch "ii Am Ship i. Cora. '. ." ',.. -2U liti Am M ill's ' sl- S'.a.. 1(M ..m Urnu 1HS I .",.. 1:14- 'i 10 .Ituld 1,.111'n, 11 llL,!tl-rln4 1(1 do pref lfM)t... lltOL. KXIt. J., 1.". Ur.ll .1 ; .VJia :.i r, ' 1 " KM) HI Stnr..,U-l lL'4 l'Jl .. 20 lien Apli TT'j 77' 77M.--U- .".On l.uUe Sup llii,.j till., HIV,.. 0(l I.eli Nnv. til" . M 04 ', ::. I .eh vi 4n i.". i:i c !0 Nor P"nn 70 70 70 J', 'n Pnn f.'eu l.isht . I.' P.' ' ::i.- Pa It It lo: HMo iii.i, . . Iti Pa .Salt .71 71 71 IOO Phil Co :'.s :te. tK I -v ".41 Phil Rlee -M -M'i '-', .- i JOO Phil P. T '"-,T -"-".. 'Jlinj 'h KKl Phil Tin.' ."." .V. "i - '.', jo .Read.tiK Wl'1. 1 Ml- 1 .-. .do M pf 44 i:: I.". .. l.V. 'Ion Bel. '.Vir L 'J - 'k J.".Ton Min I , 1'a I',... Iflll I'o 'I'm.' :w4 W4 :!j4-r 'j ;is ioi .li :; lv, S 1 Vmted Cm . .1. ,17ft 17ft 175 I TfttrSStl iC.TH f)4Ti f)4TH liR J8 War I&f 3. 8i 28.. Nt rhatiaA tnaili. ov mpi.rljan with last 9u.lt on Stw YorU HtcK nichn IVJ.v. 1.30 p m fl2!1, FOR SALE Jitrtlcca ruJiii niau .- i' no4il aieeute. acwiuntiiia i ank Ins. correalKindenee, Box A 722,, ledger Oflico nf). no -t- S.Im n II I). SI) S 11000 Hlah Tyw 1 CUT (. HWft l)' II Eler & Peo Tr 4 .... nna, 1 K (.' Ter 4s 0 J4 4th 4Ua. M.VA "' Vletv 4!li8 flti.RS fl.7t ft Pn tern itf 10O"k 1Obm 1X1 ;. .' Phils r.l'T 1m "i- '."( i p iikw u or.1 10 Ilcadpr k Is 77 Mi 15) I'nited Ry Jnr fie... 71 i nor, on so.iio 8n.:to- im.71 :h. if 10 1(1 'ti:AT--Kf. elpts ..S.V.S nurh: rho mai.-t rule) Arm at sovernmnt pri'fn ' T.R.N Re-elut lSrtA buhla. Quid tvji ' 'ead V!n quotf new as, to loa'.it- ,nd llocai.cn a' 51 "Hi 1 90. ihe latter fu- No J ..'. 'niv I (ATS floceintu, 43.11 l.uhel S.rt &nX , flrni-r but quti"t 'r lots a 'o location No J whlt 11 30tll 3',. No. 3 white 41 :: it I .'!' No. V vrlilt. Jl 2Mt 1 J". f'l.orn -- llftalptu 4 flRil pound, in ack cjuie: out ttrni KuliovMnic rc the iiuo'Htionn Vtr lull lbs . parkPd In 14n-lb. (uie nacVi Hoft wlntr airautht. western, til. .".(.' 11 TA do Jo itralshl nearby. Ill UAU 50. hard vlntor. atraiaht 112 75 1113.23: do. hsr Datent. J13 .-"tt 1 1; epnnu- nret clear 110 T3ttll.&o. do patent. , S13 .".'8M.25. .nhort patent. J14.60fi IS in, fanf nprlnr and rliy mill" patent, family I brun.l. JK,l llvn nour. Illttll.30 I I tlons re tut follows- Eetf ir, t. mokd 1 rrl e r-dri'!. S0t Iwvf. Knu.klm and tin-, , ilars rnokl and 4lr-drled. 31r pork ftT I '! -.hi- him S P fiireil loon-, Sl'tl' ar.',. do .klnne.l loose 3J', tf 33 dn. .li moketl. 31V, JfSM' hams '..: u ' Uit.Ale.s 3lKv pi. nit ,h(.uldere. S P. i urfl 1 'ihib 22c do amoked, 3o. h:iles in pi lu. i , .jo 'Ji'r'. . breakfast oaion 3'Jc 'ard ' JS't ni'TTKR- Acalti lowei I li quntatlona ' jia tnllo -. Solld-patked creamery, fanc. hlgn ju. scorlnr aood,. Btr70; oxtra 67o: extra I October ftri.'a (WtfrtiV flrwu. 2Wfl1e: nefonds. r.H" 'December !'. 5t .-reamery. enoirn to tan. y ow llr i.rdlnurv to aood. B96Sc print, Job bing at lsOC'tr for funoy and ut 037le for fntr to tood EOia nrml held. Quotation. Vre caj.e. nearbv firsts. tl'J 'Jft per irate. nart currnt rolpts 413 Or. wnatern. i ext 4 first,, J13 "J. w.atern first jr.' Pf southern. S11.404I12 no sel'ct.d frsh S" lobblns at BOWIWe pr doir i HBnRE Famy to. k firm ..v Vor tat hol-mllk flat,. Ii.l fan y. ill :ii". peclala hlfhr. do. r . run .".. 80r atata, wholo milk 'urrn.' tnUe. t.om i ma! Jobblna nai.'s (f faiiO hnld a od, llfrlln. I LIVE POL'IrnY I"oi rani. ;it41. do infrlnr, SBftSSe. broillrut 'hlcken. fan.-v. Nofj-meatd wxlKhlns tcm lo; an r . 7OWS0C. rootera, aoft-meated. 44Ti hr. do. aUery. aSWOtlr. old rooster, i'8W JSc duck white I'kln 0S42' do. In dian itunner. :i8fl 40e iln. Muatovt, SOW 31''- plaon old. per lMlr SifOUOi do vunna:, M. DHESHEL) POL't.TItT Fowl,, fresh-killod drv-plcked. In boxos. welahlns? 4 lb,, and ovr aplice, tic welahlnr 3Vi Iba.. 41 v 4i wfilablni 3 lb, . H7WB0' fowls. fr,h- bbi . ar picKe!. weiacinr t io. . "i.i p .invtiTc IJUKTAHr.ESS White rot.lto. err nvl . ti. T'.il ;:.; do. pr l.'.O-l.. bap tin .' H 1 1 . do. per IH.Vlb. batr. Ill SOtfll.'.'i met po tiitorn. eouih'rii. pr hnnip'r. S1.3uff3: do. Jersev. per basket ltS4i (abl.mr... Klor Idd. per hamper. S1.L'5i'jri .to e.iu'hern. per bbl-cr"tr 42 tf 4 . ii..onH. r.-xf p.ir crat 14 .'.Otis Commodity Markets COTTON MARKET Ynrli. April UP. Reports New Ynrli. April UP. Reports of clear and warmer weather in the belt thin morning caused a renewal of Helling in the cotton market, which depressed opiming priit's from "i to 2(5 poiuts on leading months. Liverpool and the South offered cot ton early, hut there were trade order to huy under the market, which acted a a Mi'.tninint; force. The list wim niilier firm, at only a couple of ioints' dei line from last night's close. IN ..t.nu.r: Jf.rch Tes: c!r..i 40.33 :if..3.'. nr3i .14 Hi S3 '.' 33 02 Opn 40 S3 S8.2 r.s or 31 I" S3 K.1 3 'J iT. tlm) 1 1 :30 a in. n.'.'S 3 k 27 H3.30 34.12 aa.aa 32.05 est in a long time. Support ns limited. Receipts were J" earn. May opened nt OSc to' OSVic and later sold at yesterday's last price of 00c. July started at S8'4c to 88l4e, and then gagged to 87TsC. September was quoted at 75l4c to 7ftV4.c, against 75'ic nt the end yesterday, uni re ceded to 71Tc. Receipts of wheat here today were 7 cart; at Minneapolis 120 cars; at Duluth 4fi cars and at Winnipeg 181 cars. Leadinj futures ranted aea follow,; . . 10-80 a.m. Corn (new delivery) Chicago Test ('pen Ilirn J.ove Mm rinse ic 775 I I llled n.i r ap!pe Irs pick 43'if K Oftl... welahlnr r. 't a, ib, . o i 12 - . r .1 , II . .Ill' i l4Jlf n ill' 4 ,n -" IV.1I1 t - ll'l' 77 I Vj mufUity I5?llt Jo, pr "lanitfi. nond!, puritox, TL tW, bt 12. 0U'AS I.Wll.dOi OO, or. Call. GRAIN MARKET Cliiragn. April '.'0. An enier un (Vrtone prevailed in corn this morning. The volume of business was moderate nnil the market lacked support nt. the ireult of heavy evening up by shorts ate yesterday. A good deal of bear shness remained In evidence because of lie economic situation. More favorable weather was noted. - RereiptN were again small, amounting to only 22 cars here. May opened at $l.":iVj to 1.73, against $1.73 at the end yeaterday. .Iiilv was quoted at J1.04W to $1.(MV4 at the outset, against Jl.flft at the end vesterday. and later sold at $1.(14 "4. Wipteraber opened Ht SI ,58 to SI fn1. and later wold at $t.5068. Oats also were easier uuaer scattered FOREIGN EXCHANGE New York, April 20. The opening of the foreign oxchango market disclosed general advances In rates compared with yestcrday'a finals. At 3.88 for demand and 3.89U for cables sterling was 14 cents above the iow 01 me wceis. i.irc also made a good gain, rising 50 points to 21.88 for canies ana 21.no for cheks. Franca improved s points ana pesetas 18 points, us also did Stockholm Quotations were Kranc cables 16 311. checks 16.32. pesctaB cables 17 15. checks 17.0S , Swiss cables '..GO. checks 5.62 ; guilder cables 36-V checks 36",. Stocltholm cables 21.55, checks 21.40, Christian!, cahles 10.35, checks 19.10; Copenhagen cables 17.30, checks 17 16; Belgian cables 16,30, chocks 16.32, marks, 1.70; Aus trlan kronen. .60. In the early afternoon, thn market waa steady, but sterling- shaded aic from the best of the day, touching 3.87'i for demand and 3.88 U for cabls. Opinions were again expressed that the upward movement In atcrllng Ib about over for the moment. YESTEltDAY'S FINAL QUOTATIONS 8trllni Francs I.lr Guilders Demand .. . 3.8', 16.(12 22 42 Ilfi's Cables 3.87ll 16. BO 22.40 6S TODAY'H OPB.NINO QUOTATIONS S,Iri!n. f'ranc" I'T" Gullde's Demand ... 3 8st, U1..12 21 OO gni. Cables . . 3.S9't 111.30 21.68 30, MONEY-LENDING RATES NKW YOnK Money on call, both classes of collateral, opened today at 8 per cent for lending and renewing. The time money market was un changed today In point of dullness and light offerings. Quotatlonn were nominal nt 84 per cent for all ma turities on either Industrial or good mixed collateral securities. Prime bank acceptances were quiet at unchanged flrurea and call loans on acceptances stand at 5Vi per cent Prime mc-rcantllo paper rules' slow with very limited inquiry by local banks. In the Interior tho minimum discount rate Is still 7 por ocnt. PHlT.Ani:i.PHI. Call. 0 per cent; tltnii. 6 per cent ; commerclul paper, three to six months, 6 per cent. BANK CLEARINGS llank ilearinci. indsv romps red with tor-rspondlni- day iflfct lno cears. 1020 loin ioi Plilla 7S,(Mfl, 11,10 Jrtil.320,273 172,4111 201 I i HiH'rr I ., , ,1.1' t li, nils, Uld lluati.il, .10,11117, '.I.') Jt.H0U.377 67.28b 447 NEW YORK COFFEE MARKET New York. April 20. Coffee futures opened steady today nt an advance of 1 to 8 points on covering. A few Imv. .ftViv 1 h?.rhe?:0 AveVn'o i 1?" ffiK" "d " ,,1C "" 0a ion eaierdy $14 33 rr"KD illgs ere light. vrTt.B Estimated recoipt,. n ooo bend. 'I here was a fuither ndrnnce after yitKi.i'-Kstiniaied rereipt,. 13000 head. ! the opening, due to h Ktiropcim buying . 1 . HI. 4..,.. U ... .!- .. ,.... ... .1' 11 'II rf. n. .Vl. I. .. I. ..... 1 .....out, to. iia.: voibcib iin.aif hi , 3; ' i i.' I iiiimia it ,,pi, num. ur nil nil- vancc or tt to in points. tJthrnvise the market was quiet and without spe cial feature. Near months' offerings are small enough to suggest that the position has been pretty well liquidated. (. T time) Mu'k .'.T: M4.37 . .:. 14 2f.630M4'.25 cTWoney earning & when inrctted b the PreferreH Stocb of rsAnutouririt " companies earning several time their dividend require menu, is wiiely and safely invested. . Eipecially when there exists the added safeguard, of an Ample sinking fund and no bonded indebtedneis. Wi hvi ttrefuUj ultctii Bit if PREFERRED STOCKS whith tot cn rittmmeni H tht jkm ecnjtrvctive invittir, TIELDING S$ A lit for Foliar Xo. P. P. L. 367 Hollister,WKite'& Co. ...CO0ATSO. " North Americau Building BOSTOK PHILADELPHIA NEW YOXK kcwakk sraiHontLo rioviDixcs rirrtriika i roKTUVO Ma. . . 1 :a'? 1 73v 1.72(4 J.7.T4 M.73is Jub 1 ). I Ut4 1 03i 1 llli 1 (IS Oatt,- Mav ns; n nm-i fmn tnt, Juh SSi, SS'n S7?, SS'i SSS, pill I, - Ma . 3170 H3 7H 33.37 tfl.V 37 33 SO juiv :ts.o sn 70 an 40 sn 30 36.73 L.ird- Mm 10 IW 1!) 72 III 30 10 ,-,( flfl 37 Jul' 20 40 20 47 20 II) 2'i ti) 211 HI Kill. - ilav 17.60 17.60 17 10 M7.J7 17 tr. Julv 18.60 18 60 1? 30 H 32 IS 50 Hid tAaUed EXECCTOR TBcarxB CUARTEEED 1868 FIDELITY TRUST COMPANY Member Federal Reserve System Capital $5,000,000 Surplus $16,000,000 Main Office: 325.331 Chestnut St. 43.53 S. Fourth St. APMIMHTBATOa (II) Broad Street Office: N. E. Cor. of ' Droad and Chestnut Sts. GUABDIAS LIVESTOCK QUOTATIONS CIiIiuro, April 20. HOaS K.tlm.ted llgh ,nti.4rn HOfc 10 2.'. plan. tl.VIWtiMn Hin;rp and iMiis lie. lIdis. mno h.d .Mnrknt loAer Top sheep. IIS. so tni .'0 head Market lsujl. a . a a.ou . uu. v4sii i aiiiiner iiiii iii-nn lire uci i ri wrn iiiit. i .. r.i. n n m nn. . w -. 4 mm riSJuSfr $& &tffi'mtflW tVu iilnMi T a thtjmltf jVoiTMYi lambs 1 17.(10. 'At.VEH Itec.lpta, steady. Top 110 50. Ka.l lluffaln, N. V.. April 20 f'ATTLS Hn. eluts. 200 head. Steady. Talvea, re-t-elnta 4..0 head: 50c higher, 16316. IIOfiH - llecelpta, 4nno head: 2BO.",0i hlchri Heavy. I1RU 13.58, nilxrd, till vorkern 116; few IIM 23. ,ht do., 116,30' WIH plus. I13.23'51B.0; rousha. 12 tp 12.50. SKKEI' AND f-MHS necelpt,. 1006 head Slron nipped lamb-, JllttlO others unchanged Prices Firm on Paris Bourse Purls. April 20 - Prl.-e were firm on 'he Bourse todai Tlna ur cjnt rentes were ouoled at 67f 16cj exchange May July . Kept Der.mber Did. Yeat rlose 14.IS02D 14, 554(57 14,250126 14.1718 Lawrence E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS Mill j KKAI. FSTATI7 , TBUHT B1JJO. IntestUate and adjust partnership u4 gJ2tI5tlg.lSS!!ll' Also pranara C. B. XaatMasaataaaamai 1812 1920 THE Pennsylvania Company for Insurances on Lives and Granting Annuitl TRUST AND SAFE DEPOSIT COMPANY $7,000,000 Member Federal Reserve Syatem 517 Chestnut Street Philadelphia Capital and Surplus naoAU tbeet orriGB (ftnu4 s4 Juniper Btrseta NEW ISSUE CHICAGO UNION STATION BVi BONDS due July, 1963 Guaranteed Jointly and Severally ' Chicago, Hurllngton & Qulncy. Chicago, Milwaukee & St. Paul. Pittsburgh, Cincinnati, Chicago & St. Louia. Pennsylvania Co. (Pennsylvania Llnea Wet). Bought Sold Quoted PAUL & CO. Membera Phlla, Ktock Kvehans 1421. CHESTNUT STREET Jl a. V, ' i- y , - -- JwJi..V ." ' .t" 'el E . " ) ,1 i ft iOL h tF. v : . 0 V-J-J-J ?