?tv,J5SS! VQiWRMmt, vi 'TjjtiWtywtrt ' ' mrnm 7$$ V"; iaVBKINb PUBLIC LEDGERPJgILrADlLPHIA, MONDAY, JAJARY IT, 1921 "i& $F $12,000,000 v Grand Trunk Railway of Canada Canadian National Railways) 15-Year 6 Equipment Trust Gold Certificates, Series F Iisued under the Philadelphia Plan To be dated February 1, 1921 Total Authorized $12,000,000 Due February 1, 1936 Principal and dividend! payable at the office of Fidelity Trust Co.,PhIladelplil,Trustee, and tt the office of Ditlon.Read (. CoN.Y. S2Sir,1nUl VTmmf of $400,000 fetinninr August 1, 1921 must U und to purchase certificates at or under par, if obtainable. Any unexpended balanca mutt be ueed to pur chase either Certificate or Canadian Government obligations due before the maturity data of the Certificatet. Certificate jpurchatod at a premium by the Railway Com pany under the fore-oinj provision are to be accepted by tha Trustee at par. The information fivon below is summarized from a letter from Mr. Frank Scott, Vice-President of tho Grand Trunk Railway: These $12,000,000 Certificates arc issued against new railway equipment costing $16,000, 562, an initial payment of $4,000,562 or 25 of the cash contract cost being made. Under the provisions of' the Statutes of Canada, the rentals payable under the lease of this equipment rank as a railway working expenditure and constitute a claim against earning! prior to both principal and interest of mortgage debt. Interim Receipts of Dillon, Read Co. or Temporary Certiftoates exchangeable for definitive Certificates when received will be deliverable about February 2nd Price 95.40 to net approximately 7 GOSSIP OF THE STREET New York Bonds Dillon, Read & Co. Formerly Wm. A. Read & Co. The National City Company Blair & Co., Inc. Bankers Trust Company Union Trust Co., Pittsburgh Guaranty Company of New York Lee, Higginson & Co. Continental and Commercial Trust & Savings Bank Tfcetafcrantiea contained ia tha adTcrtuemtnt hn been obtained from sources which we consider reliable. While net guaranteed, it it accepted by 01 u accurate. Order have been received in excess of the amount of Certificate! offered. This advertisement appears as a matter of record. Portland Railway Company First Mortgage 5 Gold Bonds Due November 1, 1930 v' Outstanding $7,535,000 (Closed Mortgage) Underlying Issue of Portland Ry. Light fi? Power Co. The Company operates all the Electric Railways (with the exception of two Interurban Lines), and does over 80 of the electric light and power business of Portland, Oregon, which is the largest city of that State, and one of the richest cities of its also in the United States. It serves a population of about 300,000. Tho property, covered by this mortgage has been appraised by the Public Service Commission of .Oregon at over $13,000,000. The Sinking Fund provision has already retired $988,000 of the above issue. The Portland Railway Light and Power Company is earning more than l'j times all its interest charges, and is showing steady increases. and interest, yielding about 10 Circular on Requttt 'rice. 70 ' Moore, Leonard & Lynch Cushman Ncwhall, Manager Bond Department 1429 Walnut Street new ionic Mtmbera New PHILADELPHIA Board Room nitx-Carlton Hotel PITTSBimaH York, Philadelphia and Flttubursli block Kirhanies The statements presented above, while not guaranteed, are obtained from source which we believe to be reliable. $10,000,000 of Capital and Surplus assure depos itors of safety as well as of broad and liberal treatment. Confer with lis when consider ing a new banking connection THE FOURTH STREET NATIONAL BANK 131-145 SOUTH FOURTH STREET ESTABLISHED 1063 BIOREN & CO. BANKERS 410 Chestnut St., Philadelphia Government, Municipal, Railroad and Corporation Securities Members Ifeto York ana Philadelphia Stock Exchanges immmmwmwMmMmmMmmmmima THOMAS GIBSON'S ANNUAL FORECAST For 1921 Now Ready An Annual Forecast of Business, Financial and Se curity Market Conditions and Prospecti. DecauEO of the effects of deflation, probable decided changes in credit conditions, the now railroad laws, tho situation in Europe, our new Administration and other unusual factors, the year 1921 bids fair to prove ono of tho most interesting in history. It will also prove an unusually profitable year for those who exercise proper discrimination in business ventures and the selec tion of securities. Tho prlncipnl subjects aro as fol lows: The General Outlook The Money and Credit Situation Commodity Prices The Foreign Situation The Railroad Situation The Railroad Bonds The Railroad Stocks The Public Utility Stocks The Industrial Stocks The Copper Stocks The Technical Situation and a general aummlna- up of the situation and outlook and auayaatlons aa to the most profitable policy for Investors unil specula tors during 1021. Price: Paper, $1.00 Cloth, $1.50 THOMAS GIBSON 29 BROADWAY, NEW YORK Tho Gibson Letters and Forecasts have been iisued without inter ruption for fourteen year. Foreign government financing at the moment Is the all absorbing topic of the bond market.. It Is reported negotia tions are under way which, when con summated, will coll for a $100,000,000 loan to Franco for the purpose of pro viding funds with which to meet the maturities of the three French cities Marseilles, Uordeaur, Lyons, and also tho $o0,000,000 maturity of the city of Paris this year. A loan of the sire mentioned nlo would furnish sufficient funds to meet some of France's ex penditures for American commodities and products during 1021. While It may be threo or four weeks before anything definite is announced In connection with the French Government transactions, It Is admitted in oanKiuK quarters that negotiations are well under way calling for consummation or the transaction. It is, however, a llttlo too early to make any predictions ns to the character of the loan that will bo negotiated. Other foreign financing which is known to be under consideration Is that of Norway and Sweden. Switzerland, Belgium nnd some of tho South Ameri can countries. Copper Metal Market Improvement continued In the cop per metal market last week, and some of the leading selling agencies were In clined to advance prices. As a mat ter of fact, whereas some busi ness was done with regular con- .....-.. 11 mnin fnr nromnt deliver- les, and 13 1-1 cents per pound for first quarter nhlpments, it is known absolutely thnt some domestic consum ers were given quotations 1-4 cent above these figures on inquiries which they hnd put out. The leading authorities In tho trade Insist that there havo been develop ments of far-reaching good effect last week, nnd Intimate that when these be come known It will show conclusively that there are now actual signs of a turn foe the better In the copper mar ket. It Ib the belief that consumers will ''become convinced when the facts aro known that there Is little likelihood of lower prices for tho metal. In all nrobabtlltv. the increase in ex port business Is ond of the factors mak ing for this changed condition. It is known that foreign buying has In creased to a considerable extent, with at least four of the European countries showing more interest in tho red metal than they had for several months and export demand has nlways been highly encouraging to the copper sellers in this country. Future Equipment Needs From statistics published In the on nual review number of tho Railway Age, It appears thnt the number of locomotives built for domestic service in J020 was smaller than in 1010, but the number ordered wns nine times larger. The uumlier of freight cars built wok not ns large as in 1010, but the number ordered was three and one half times larger. The number of pas senger train cars built was almost twice ns large aa In 1010, and the number ordered four times as large. World-Wide Decline In Prices Tho price toboggan is working in every part of the world and In a very large share of the articles forming In ternational trade. Of tho seventy - five principal articles of our import trade, for which tin average import price is stated by the official records of tho government, mi! but four, says a statement by the National City Bank, of New York, uro lower in the No vember, 1020 import record than In earlier months of the year 1020. The articles In the official list which "ro fuso to como down" are newsprint paper, wood pulp, pulp wood and bananas. The unanimity with which prices tho World over have already "come down" Is evidenced by the fact that seventy-two out of tho seventy-six article. included in the import price list show a lower valuation per unit of quantity in November, 1020, than in earlier months of the year. Haw cotton, for example. Is valued In tho November, 1020. imports at 28.7 cents per pound, against (Ml cents per pound in August of the same year; raw Bilk, $0.84 per pound, against $12.23 In March j clothing wool, 27.4 cents per pound, ngainst an average of 00.4 cents in May ; Manila hemp, $24," per ton, against $877 per ton In July; flnx( $72 per ton, against $2048 in August; cattle hides. 20.(1 cents per pound, against 83.0 cents In February ; goat skins, 02.8 cents per pound, against $1.20 in May , pig iron. $30.00 per ton, against $IKi,2S in September; coffee, lfi.3 cents per pound, ngainst $22.1 cents in January; cocoa, 10.2 cents per pound, against 17,0 cents In .narcn ; iresn Deer, i;s.u cents per pounn. against lT.n cents in .May, and rice, 5 cents per pound, against 11 cents per pound in February. Newburgcr, Henderson 4 Loeb "While the recovery movement has been unquestionably a little too rapid. yet, on tno other hand, the conduct oi tne mnruet iurnl6hcs convincing tos tlmony of wholesome change which has como In the financial community's mental attitude since, the turn of tho yctr. Tho spectacular rise in n num. bor of the Industrial specialties wa.4 mado largely at the expense of the short interest, and under accepted rules the market is seemingly entitled to a mod erate backset. Consequently, It is not considered advisable to be taking on too many stocks on the bulges, but rather to defer repurchases on recessions. A Od M ev A 1 .... 1 A Smtl A It Ba 0 78 0 . TS Am T It T ell 3 7B4 78S Am T 4 T n tin. 11 . .. U8H 3 0H 9 0tt Armour 4Ha S 70 Atch TtBFi cv 4s '00 7 . . . S Atlanta Knox A Cln 4s (8AI.E9 i.j 110001 B . IS 10. . 44H F.rle n n cv D i 48 y. 1 . . 43 F'la Ctl en & 0 SOW Oena'l Eleo 0 3 ... 100 Govt y n rets 2 s 1 4. 11 8 1. 1 100U 100 100 eon fit it 90U fit. 0914 1 ..23 M Y Tale.' 6s 1 . ... 80 1 BOW MW V W C Most 4H 3 .... 80H 1 89 1 89H NfK B'n It Bs 8... . BH N'k a. W e 0s B.... 100 Nth Wesl'n u Tl wl 7 1 .... 72W A Coast hr 4s 1 .... 70S Atl'o Ktult 7s 8... . 08U Ualt & Ohio cr 1. ... 70W 1 .... 70 0 .... 7(. 3.. . 70W Dalt O BVi 1 MH natt Ohio Si 4... . 71H I.. . 7H4 Halt A Ohio ns 4 03H 3 3i I) 4 O P t. K ft W Va 4s S. 0SH Utl Tl 7a rets 1 . . 101S 1. .103 1. .. 103 a.... 101ft Ilfkrn II T 7s 10 .... 414 S .47 8. ... 48 1 . . 48 2. ..48 Drkn lUpId T s ct sta. B 4B lluah Did- Bi S 74H B. ... 74V Canadian N'n nlya rota 3.... 101 a.... loot; Ctl I.eathtr Bs 10 VI Ctl raclno 1st 20 74i C t O cv 44s 1... . 70H C A Alton 84 1 884 1 884 Oil U Q itn 2 804 Chi 8 a Q 4s O Hvtlta'd rets r, ... 1034 1 . 1034 2 . . 104 4 . H04 01 Trunk rets 3.... 101 1 1014 I'ock'c V 4 4a 1. . . 7B Hud A Man fa 8 03ft 1 . 04 Hud Man In 9 . 27 3 . . 37 2 ... 2H O Nthn It 1st 1.... 1014 III Central fd 97 V. 074 97 974 974 974 97 4 97 4 074 974 974 Illinois Ctntral Wert I, 1st 2... . 714 CI Cent'l 04 0 Dli 1 93 Intboro M 44 1. IS. 4 . 8 C 8 8 2. n B B. N'n Pacific 3s 1 BO 8 B04 No'n I'o 44" 7.. 0 Pa, R Ktn 44a 3. . 81 i renna. II It 7a 1.... 1044 1 . . 1044 2 .. 104 S . 104S 704 Per Marat 8a 70 1 83 17 17 17ft 184 184 18 184 1S4 IS IS IS IB is; 1H4 1S4 184 Int Mat ct 44 B. 3.. 10.. 10.. 18 2.. 2.. B . B. 10. 20.. 20.. 10 14.. 10.. B. SO... 4.. 14H IB 1B4 16 184 184 13 104 10 104 184 104 Intboro II T fd 23. 4 . 10.. 10 . 10.. 10. 10 60.. H . 10.. ft.. 1.. .. 97V 10 B24 8. ... 07 I. ... B24 2 07 1 32 1 07 S 10 S3 1 07 BO.. . S3 23.. . 07 H 0 . . .32". 00. .. 07 10 B04 8... . 0TS 10 B.14 10.. . 074 10 BI 10 97 B 82 J i ni- ,) u. Chi . Q W 4s 40 84 2 834 20 B4 Chi M 4 1 1' 18 844 Lake Sup'r 2 844 1 08 6.. . 61 Chloajo Mil A 8 64 Dtp cv 4 4a B 84 2 704 8. ... 684 1 70 0 .... 64 4 70 10 .... B3ft ChlcaJto Mil A 8 .... 884 StP fd 44a 8 684 1 04 2 08ft 1 644 8 884 2 044 Jap Oova't 1st 4 044 2 774 8 08 10 77 Chlcaso Mil A 13 774 Bt P cv Bs Kan C l'l 8 t 1.. .. 714 Mamp 4a Chi A NWn 7a 7 004 1 . . . . 103 Kan C A fl 3s 1.... 1084 l 834 C K I A P fd 3 834 1 .... 084 1 63 10.. .. 084 Kan C A fl 6s 1 084 1 70, 2 084 K C T niy 4s 8 084 1 73 Chi n I A Pac K Delslum 0s fd ret 1 93 2 07 1 02 Chi A W I 4s K nele-m 74 1 024 2 084 2. ... 024 2 OSVi Chile Cop'r fls 1 . .98 4 1 72 I.ako Hhore M 1 724 H 4a of '2S 1. .. 724 10... . 834 2. ... 724 Lake (Shore M 4.. .. 72 B 4s of '81 Chinos (Jvt na 1 S3 I . .. 43 tens lid n fd City Ilarne Ra 1 ... 00 2.. . . 00 4 L Isl n en Bs 8 904 2 01 Ctv Chrls'it 8a L Ial R 3a '37 2 ... 074 10 . .. 00 City Cop's; 84 Lou A Nash 7a 1.. .. 78 8 . . 1034 City Parla fl 6.. .. 10.1 1 00 10 . 1034 12 .. . 004 Man E Sta 4a 3 904 0 .... 344 2 . . 004 3... . 33 C Zurlth rrta .Mid B A O 44 8.. .. 08 I 10 24 2 dfi Mid 8 & O Ba 1... . 08 4 . .. 774 0.. .. 0741 1 77 CI'd Cln Chi A.MIn A 6t I. 4a rhll County cv 1 01 Pitt Cln CM M Bt L a CI 2 844 10 84 Pltaaant V Ba S.. .so Hep Cuba 4 4a S OS 2. ..03 4.. 03 In.p'e C 6s '04 4. .4.. 77 II I A A U 44 2 .... 00 B 00 2 .... 094 1 004 1 004 fit L, A 8 F a) 10 00 1 00 1 00 8t I. A B V III 10 49ft 1 494 Bt t, A B Fran Series A 2 02; 2 02M 4 024 1 02 3 02( 1 02 Bt L. A fl Fran Series D 1.. .. 73 St 1. Sovr'n en 2 03 10 044 3t U Bow'n 3s 1 03 4.. .. 0l 4 03 Seab'd A ! 0a 8 BS S'n Pao cv 4a 0 77 2S 77ft B'n nallw'a 4a 1 01 Third Ave aj 6 27 0 274 B 28 4 374 10 28 ,Thlrd Ave 4a Philadelphia Suburban Gas & Electric Co. lst& Ref. 5 Bonds Due Feb. 1, 1960 Freo of Normal V'e Federal Income Tax. Tax Free in Pennsylvania. Guaranteed Principal and interest By American Gas Company. Price at Market To Yield About 7.15 Elkins, Morris & Co. Land Title Bldjr., Phila. Members New Tork 4 Phils. Stock Eschanres II III U. S. Government Railroad & Public Utility BONDS for Invcttment i Boles & Westwooi Memb.ri Pllla. Slotk Eitliif Land Title Bldg., Phila. u 47. 20. 20. 80. 67. 1. 30. 10. 41 41 424 42 44 434 44 44 Union l'ac 4a 0 804 1 83'n .Union Pac 0a 23.... 1004 8.... 1004 U K of O Brit A I'd 1021 8.... 08 11 1 084 6.... 08 11 1 98 UKofO Drlt A I'd 1022 1 9B4 4 034 U K of O Urlt A I'd 1920 1 88 1 80 2 89 8. ... 80 U K of a TJrlt A I'd 1987 -. Underlying V R-R. Bonds We can offer long-term under lying railroad bonds at price to yield G.20 Baker, Ayling & Young JOSKriI W. SWAIK, it.. Manager Und Title Bldg. Boston Philadelphia I 'i GET THIS BOOK It's Free! A clear, concise -.nalaU of Inreatment principles writ ten In almple non-tachnlcat language Is covered la onr ne rv bound booklet, n titled Ftf T17 Ask for a copV'X-J0 SALARIED PEOPLE! GUTHRIE ft McGOVERN r,t Standard Oil Stocks Bought Siota Quoted Aek for Booklet T Geo. A. Huhn & Sons Member Fhtlndrlphla and New York Htock Jixrhangmi 1418 Walnut Ht. Ill nroadwar Philadelphia New York Member rhlla. Sleek FichaajQ 1480 South Etna M- rfcUa, foroee MIS Bae New Tork SI DroaeHray Safe Bonds j6r Investment H. J l . .. .aaaaaaaa em HaW II HAL5EY, 5TUARTB- &. CO. Inc. so 80 80 80 SR. BBS. 834 83 4 Bt L 44" 1 8014 1 8014 Cnl OAK 1st 1 834 Con'd Coal Co of Mri Oa 1 74 Cona'd Oaa 7a 4 48 M A mi, en 6a 10 . .. 70 Mo IC A T 2ml 1 . . 30 1 89 $5,000 Policy Coits $69.70 PENNMUTUALLIFE write for apeelmen poller at xmir nire. I1011HN1I 1 DURHAM. (Irnrral Aienta 413 Htenlien Olrnrd Hid; . phila.. Pit. Phone 11 bert 2608 38lr Bonds for Investment circular iTpnn. nnut The National City Company CorrvmowJoiif 0tf" I" Oi'fr I Ctti't rhliaanonia m-ji vnrsinui bh, Chestnut Atlantic City 1233 lloardwalk Philadelphia Rapid Transit Tho current issue of our Market Review contains a comprehensive analysis of this well-known street railway company wheh is now showing increased earnings oper ating under a higher rate of fare. Midvale Steel Tho strong position of this com pany is outlined in another article which gives in dotal! interesting information concerning Midvale's production, output nnd financial condition. Hrnr on request for L-it) Hughes & Dier l I'hlln. . J I ttabu t New Yi Member ' Flock I'lehnnae io Hoard of Trade Itaburjrh. fltnek Kirhanre York Produce, Kxchanse 1435 Walnut Street Philadelphia. fiprucRIS New York, itburh, Race 1803 Clereland "Tho most rnoournglng development Is found in the evidence of a downward tendency In the money market. Thero has been distinct easing of rate In both time and call loans, which U the out come of the freer supply of fundK, nnd which In turn Is the natural result of last year's heavy liquldatinff movement to forco credit deflation. Other con htrnctlve factors nre to bo found In the persistent strength of foreign exchange nnd the Improved outlook for an early rcNiimptlon of gem-nil business. " Hwker & Co.: "Considering its pro longed and big recovery, the market holds its ndvanco remarkably well. This fact points to still higher levels before the next reaction of nny Importance oenirs. The most potential slstalnlng Influence at work is the decidedly Aisler tendency or call unci time money, with money rates going down und good stocks still selling on a 7 to 8 per cent basis, precedent shows there is onlv one way I for the latter to go. and that Is upward liugnes Dior: "Kxnected easing or money rates is one of the most Impor tanr reasons ror iniprovcii market henti. ment and the strength which has been displayed by tho stock market since the beginning of the yenr. It is our belief that the market Is on the way to better prVses. While somo Irregularity is to be expected from tlmo to time as a result of profit -tuklng, there Is mora optimism and industrial and business conditions steadily improving. There fore we beliovo Investors have presented ut the jiresent time an excellnt oppor tunity for acquiring good stocks t at tractive prices, and wo favor tho rails, steels and coppers." Jones & linker hay : "As would seem to bp foreshadowed by the recent brisk rise In stock -market prices, the period of business readjustment is now believed to be nearlng nn end. and the outlook for Investors and trader Is considered. ui.ii, luvvnuuiu iiiuu iir niuiiy innniuy, i.. i. i . i. a l.. Colo l. loon . 100H . 1004 101 1004 , 101 S 44s 744 Cuban C f) 1 SO 8 .... 88 1. .. 83; Del & Hurl 7s 8 104 Den & n a 4a 1 ... 034 Pes Molnea 4 Ft D 4a 1 ... 42 Det Tun'! 4 4 1. ... 70 Det U n 44a 1 60 D Can 34 '31 1 00 4 3 ... 00 Do Canada '20 11 034 Erlo Oenl Men 2 ... 43 Mo IC A Toi 4a 10.. 004 13 . 00', 10. . . c,o; 10.. . 004 Mo I'nclftc 4 3. . 334 1 . 334 3 . . 83. Mnnt'a Pwr 8 a 1 . . 804 Mnn'l Tram Ba 1 . 70 3.. .70 N Y Cent'l 04 1 03 2. ... 64 N Y Cont'l 4a 1 . . 70 N Y Ctl en 4a 4 .. 704 N Y Cent'l Os' J.. .02 a..'.'.'. 9i4l 1 02 1.. . 02 New V S II ( H 4a 'SO I.. .40 N Y niwya 4a 1. 1. 1. 1. 1. 1. 2. 4. Ufa H'da Han F unot 4s 8 304 8 804 2... . 804 U H Meilo.1 6a 10 414 2 414 U 3 11 a I Be 1. ... 814 6 81 1 81 U H nubs' r 6s 1 784 3 . . 784 10 784 Guessing is reaching a swift conclusion while admit tedly lacking the material for certainty. "First Principles of Safe, Profitable Investments" is a booklet that will help you eliminate this hazard. Send for a copy. Frazder & G. Broad and Sansom Sts. Philadelphia 19 South St. Daltimore, Md. Uarribburg, l'u. 927 15th St., N. W. Washington, D. C. U B Hub 7 4 1 1UOH U'd S Steel 6S 1 04 4 13 04 3 .. . 044 1.... 04 4 1.. . 014 V C Chem 1st 2 024 Waafn Mrt 4a 1 .... 60 2 ... 66 IWabaah R 1st ! 3. . . 874 Weal Shore 4s I 2 .... 73 W E ft Mf 7a 2 . 07". 1 Llbertv Liberty Liberty Liberty Liberty Liberty I'd Is..., 1st 4iH., 2d 4US., 3d 4Vk., 4th 4Ws, Vic Notes 3-V Vic Notes 44 s. 20 lliKh fil'.SO R7.10 X7.00 87.3(1 00.30 87.!)0 07.18 07.20 . .. 074 . . 074 ... 074 . 07 4 . 07 , . .. 08 Wilton Co ev 3.. .. S3 3... . 83 Wilson Co 1st 1 .... 804 1.. SO Wis Cent'l 4 S . . 60 I .n v 02. '20 f7.10 87.40 87.20 00,22 87.30 07. IS 07.08 ii n a. n 02.30 87.10 87 52 87.30 00.30 R7.4I1 07.18 07.12 SAMUEL McCREERY and HENRY G. COLLADAY. announce that they have formed the Copartnership of Samuel McCreery & Co. to deal in Investment Securities and conduct a general brokerage business. Members Philadelphia Stock Exchange. FRANKLIN BANK BUILDING, PHILADELPHIA Telephone Spruce 7690-7-8 A LONDON STOCK MARKET Securities Quiet and Irregular Gilt Edged Investments Hardened London, Jan. 17. Dealing!! n oecurl. lien on tho "took exchange were quiet today nnd the mnrketn generally were IrteKular. Ollt-edr;ea Investment Ibsuob hardened, nlthnuKh weekly reports on trade throughout the nation were varied Dollar descriptions were esaler Chanjrea In South American rails were fractional nnd mixed. French loans dis played steartlneBa, following the end of tho political crisis In that country. Kaf firs held well and diamonds and Hlo Tin tos were firm. Oils were slow Shell Transport was 5i and Mexican Kaele. 6 Industrials were confused. An Improvement was noted In the cotton trade. Hudson's Bay was Vi. Rubbers showed stability In sympathy with the staple, ' GOVERNMENT BONDS J!! 110 IB, ttVOI ataalsjata... na 4S. 1938 .. 3 ' Avt Miiiiwti a. lunnV - "npHERE'S nothing like a bank account to develop spunk." EDGAR S. GARDNLR Pruident EDWARD C. BELL Vice Prti. A Cainirr SifffaTlalsffiBflB I Ask 83 loo JO Seneca Copper Our Circular discusses the recent developments and pros pects of this corporation, together with market possibilities. Sent on request. Ask for X. i WILLIAM W.COHEN & CO. ilfembers New York Stock Exchange C7 Eaeliange.PUc Now Yh i,.: If. '' I a i Jul wj r, ? IS.) ' lis v ' I I l i i R uar couDoa , l53M; H suui,'..- t aatau ..-. . i,4 U ,. , rt' V.SVi3aaflt. .tt&Lr.V'"" SSiJsia?k "( dttft'tfv't iyj" ft. "!, i ..
Significant historical Pennsylvania newspapers