- -- r-$"r. p-spr: liV - jj- KVUXIXU PUBLIC LED GEE-PHILADELPHIA, TUESDAY, FEBECAET 1. 1021 V Twin i I fir fix City of Detroit (Mich.) 5 Serial Bonds Due January 1, 1950-51 Price to yield about 5.1 0o Miami Comervaneu Disi. 5: Gold Dondt Due January 1, 1941 Prlco to yield about 5.45 City of Portsmouth (Va.) Improvement Cold 5'js Due January 1, 1951 Price to yield about 5.50 Correspondence Solicited List of Selected Bonds mailed on request. STROUD & CO. Jcmrs ritlrvtrlvhn St wk I rchangr i 1429 Walnut St., Philadelphia 52 Broadway, New York Correipondents STROUD, KURTZ & Co., Inc. Washington, D. C. STROUD, MANNING & CO. .Inc. Boston, Mass. S32.000 Province of Saskatchewan 6 Bonds Due Jan. 13, 192o Prim Ipiil mill Inlfrni pii.inlile In New i irl. Price i).")..i( and interest Yielding 7..50o (PaMTln i 1 r ' - '" 1 Tl'rt'e im- irnilar Z1-.'! Wood,Gundy&Co. I i-rnrV" I 14 "NVall Street. New York Toronto N InnUwe London. In; Muntrt'il Rather Unusual We offer an investment that possesses the following features: 1. Total fixed charges earned eight times over. 2. Joint obligation of six companies. 3. Coupon rate S. 4. Can be bought to yield 9.70. 5. Has a strong Sinking Fund. 6. Convertible into 8 Pre ferred Stock. 7. Readily Marketable. tVou.J 1 11 1 r. n- u 1 Frederick Peirce & Co. 1421 Chestnut St., Phila. Fafe liteesMtui I , . -j n . n"rr nf knowing ti 'i re .,, i, tt o , bo'ut Today's Opportunities Liquidation o1" nnimnint i -. the cons-equnr 'A.'l" ot" n-. re pcrmnnont 'u'ru.- anil cu-ie" money ratrs, are smmo of th" factor.s uhich indicatf tha1 bonds will not oi tinuo 'o s(.;i at prices that permn th;- ciy large return, at pusc-nt ob tainable. Write t r "i t . (f ,i ,, vie' invcftmci' iir; ,'. 'Mi . ' l)t ,' 'i ri ,iln , .. .ii, A. B. Leach & Co., Inc. Incest mcnl Securities 115 South Fourth St. Dell 7V .;. . .. , I, an ., New Imuc Atlantic Refining 10 year 61 2s, 1931 Tax Free in Penna. Net caintis-t- rt,,'f ta i inn pii't "i ..i's u.'-'au"l j nearly 1 . t i . . w ' -i i I charge - I Boenning,Garrison&Co. T(lf K I M II M.I lit II IIIM, I tlirel't Prltllli ri'lriilim . u S, s, r, Jtrinlifrs I'lnl i "im I, I ihn.,. WANTED An rxpci ii necl fir-t . i -s 1 Bond S:i'i sinan -in m ;. ., 1'hilll'lelph a 'i ul opp" . tunity will bo n U'i led the riur .(. man. i A.D. CONVERSE & CO. I Comnu'rcial Trust Kitildim; j I'hilndi'lplua. I'a. I ii Ntthtinti SU d.'irri'K Illdg. ' Nrw urk lluli re u Safe Bonds for Investment HALSEY, STUART &. CO. Inc. P1 I EASY MONEY HFI PSli SECURITIES MARKET ion t nn no n inn '.'.on '.Mo inn ,'nn inn tnmi IV) inn inn .'Mil '.'J in imi imi inn i no A I iin ion .'110 vim mo son too inu r.,io .tin mi linn .'iino .'no o.i too inn i .ton ji.n lino won ton .on inn too .inn i oon .no mo S'lO mo .100 ion .'00 is. I son iioo 1400 1100 oo .'no nn 101.1 I ,.l)0 I'IIII .'ill '.' Ill :iin M.I0 1.1)0 1 inn too i '.no .tin .'loo 210 :i;oo i non .on j i no :m .no von ftno 000 i. inn .'00 G:on .1)0 ion too inn inn ton ;no l ill 100 1 1 mil) inn '.'VI ton .t-i.t :mo 101 inn 1J0 :do inn mo '.'I'd inn no I on inn tun mo nil mo :iuo .no VOll llll) ion '.Mill :i00 Imi .'00 inn inn nun i. mi inn ion Seven Per Cent Renewal Rate Offsets Unfavorable News Developments Net. nrl(, Fell 1 - A In oak tn fur i ign i m liimKr, lrrh , iil in (he prlie of i rude nil 1 1 1 lil ll Kelierill fri'HlIK tllllt tin rnilrnniN ..ere fun' in fnee with a Minimi me labor problem, foiled tn unsettle stink priees: to tbe rtMit lli.'it miltlit tintunill. lm o been cvpeeted The fuel llml t ho strtitied umiii'v nm ditioii ..f , estenlnj I in 1 eased off per rjitihl. mill i'iiII innnev ngnin ruli'il lit 7 pirn m helped tnnterliilly in tretij;th i turn; the g nerul Int. iipeniti,; prn en. worn nbmit i.enlj (IimiIimI hetueen trillilig priiti". nml lne.. lint the iirt hour nf triilini; sin. iiTi-uMMiiv enerall.. .sot in. Imp rnils slnn.nl little resist nun' mid lili lln iltwd ml tiit.Mrt ami tin- lower inli'pil iomipiI registered lirip. '1'In iN, in Hip t'neo nf renewed pre sure, duo tn a lowering in the iin t.itintiH Inr U imiing erilile. Iw'lm.e.l well In fm t line nf tin. niitstiiliilinu t'litur. - in tln reeeiit market Im been the ii' t imitH'il inaiiner in wliiili niK hn.,' w. .ltheriil mitinnrahte dnelnp inept", i . the milustrj . 'I'h ppers lucked vostcrdn.' ?.et t int.. I Mites Steel Was nfl liii.re tllllll .i'i'i i i"Miii ami the ntlni sie.'iN wen Mill LOCAL LIST SHOWS IRREGULAR CUAVCESl Storage Battery and I . G. I. Lower Huntington and Broad Top Gains Point j I .'".I I -Im i eltate ill fill' eai.V :-.i1iii'h tmliu ami l..i" the tirt half, nf I tile ,.,s',,n khnwiil niiM'd tetnletieiev, lai'" ea-ing nfl frntn !al night', closing ( tunes I'mteil iia Improvement, after i an net. ve tn.trket t-riii . during' win. a ,i new- lngli fm Hie mar was tahlisheii. "Itiintied in the nrst hour and. on -nles nf little timre than n htiiiflri'd -hares nl nfl mure tli.in a half 1'lee trie Storage l!atlei', whi'h hn- leen a leader in the reeent tradii.g aerifipi'il a full point mi n turiiovi r n' l"-s t linn 100 hnre. 'lh' .irne iTPgnliiritj tnut marked the npeinn; nf the p h n ill the gen i nil list was imted n th ni'lrnad Ktmip. Ilnnt.ngtnn in .1 1'minl Top, veiling e -diviiletid. gune'ii a pnint. the Jirefen.'d ertitieates shim in? the siitne .nhniue T'ie M,,, k 1 1 o r -' tneeiitig wa- held linin and it Im- been gossiped "ii the stu t fur snri'P time that the mat t i" nt the toad's nlisnriitmn h one of i i. l.'i'gei" earners wniitd I." brought up i a ii. s time. I his, i-niipl.'ii with the i.s uitiimn nf diviilends, has ilouhllpis I" Ii .! i.lllse nf letieweil interest ill fh i. ..id s sei-uriiies. l'etitisj 'ania. o , s' n tig ' -ui menu was un nangeii, an. I l.i 'null Niuiguti.iii. mi very limit. I -ales, lost J 'mints. Viutl.i rn t'ltittal. ihiili ha not ap pearid nil the Iniill li-l fnl" viiltli' title rh.ing "d hniuls at lit!, linchnui'eil fmn i last Jin M'Hs sale I T'e ii, tit imi Kin,i;i aid in, 'ti'ii. s v el . I ,1' I s . "'j :, I M !' il"'!i , p'.ua Kb. 'ii. i. .a, n,. .a w,is tiw.i T, i I I refi rrril g lined a m,il' liaeii. n I I'hiladelphia Kapid Tiatin wa- mi i. ipmttir. t 171.., nml liiioii 'I rni tmti w.is urn haiigul 1 1' ill. fir a ruin" 'that im i in was ti Din in iis.ikii. n. J", pnllll.. ,'H .'lit'.", "ll II s.i. nf Inn .! in. . '1 III., I , ..It - III lll'lllls Wl 1 . . rixi'i. r..i.s...idat"l 'I'rintioti "t .Nn .Iere "is v ere p's,. d Up 'i'j. If Ii.!'.- ii ii'Jtittii bli"'. and I.ehiirh nil" .'leial 4s In-1 ,i pom' 'it yl. Si'Min nt ni new 1'' in .. ivunia i!1.'- 'line ' the miiikit n '.',l.. This is ll,.- in rem heil mi the N' w York i eiiam.. m . terdm and is witl.m u 'Piari'i p. .ml j i f the issiunij .'!' Philadelphia Stocks v.. I . . I i i Im !". Am " "1 "m'j '"'.'- 'j KMt Itrill .l'i '.",.' "'"'j .In-... -'. ! tin i:;e."' - imi lui'. im's iTs 1 !! e. I: I ... "ii ii .'ii 1 '.ii . , . " .'! i jo ji i 1 'n I i "", .". 'J.'. - . ; Imi I. ii i . ' '.' ' . j l'i I . iv liii '.'. I'.'! Js .- ( ', ii" Til! i'.i! tit! 'iii Mi'i Sta ii . ' I 11 It -',,-., It It II "Hi-, 1"T, n . , n-i 11'. HTs r. i . I I' IM III v ! .m 's r.r, :.i , I-. I' l .1 l:i'"P UJ'." --''s --j . .' in i ref .:' -jt-s .:'. , ;: I- lu 1st 17', it1.. 17' . . I' ilaTi in "" ""' "" ". ? ! 'I'm :'."' ".' . ".I".. . '..i i ; I ::-.". "..". . :'.:. . 'i i pi r l'i', ip . ft, "! . ' . T I" I ' i . . " - i , ' i . i . llllMls . i; . I-. 7- l"l", n't.' , '".' i . . 'l-.i I -.. .. '. i.: . i. . I I'. I , I ". I . -i I ". 1 ' . 1 ' h gii l ;t j s.l .ii S ' I ' 1'. I , , I . s,, s. S SS Sl it ' I I' V'. I " Jl. l. J ll, I I'. I I '.', . ', ..,. i, . l' . l -. ;. -.. . v.' . i ! i: i. in i.str' '. rrl. Is v I.i i' - I, il -nil ii r iii- 't ire- ii neilta'' i .rni t . 'I . 'i - 1 . . s '..; I,. , CUT IM PRICE OF SUGAR 'Jc- inc Or g.natmg ri West. Send P-fncd Product to 6.85 Cents V.ll I..M I III'. I '1 1 1 ll ;r i i.f i' lut . n , 's .11! i I ' II i ilaltt r I I I. x, , rl,. I I I . l't i ,. , k I . ' i, i B ' i f l'i . ad l. i ., l .1 ,' i il t -' 1 1 p' i 'n 7 ." i . nl - 'I i .1 iel- ,.'l;.ii .lletlli'i'U i ., i . i I'.i i' and Vii'lnnnl ivn I! Im il"l- ' .j 1 ll'l t d I i tin. il n.' I , - " et' i" 1 an r i lea 1, . r ,j further rerluellon ( " 1 1 t lo . ' i thu Inderal jdf,. tj fi 5 i ii iln -us" NEW YORK stock exchange transactions I Tl I i an'r l'i an 40H fl.l ' ai;2 77 I 4.1 !a - an-"i -f na 0", : 4'4 4.1 'a 3S ' C0?( ' S'4 It tl"a SV,i ni4 ' an i a SS ft.'4 107'4 ' .11 no 'i -II1H - so cm-, an is 09 ? S' -701,4 -s.l ;o'i 4a'j sst, -at ,70ij ao i ' '4 .11 311' j 101 Itls'i IS", an'.. Sj.10 fin 1 ov IS'j nn', l'i no to lis' 4 il.l'S 7J 4.7 H an' j i i:i !)l 4'." 4 4.7 ' 0i rn v i ii 4 I Is V'4 or. 4 M's ,s !l'."4 107' i. .11 1)0 Ti 11.1 llll't an 7!l'4 s.7 filVi a'-. ss, na'a i"!i in i 4 4 .11 .in 1 4 10.1 .I'n SS' 4 IS'4 l.1'4 'l'1?4 110 III 9 .2 .1S'? s'-2 la's 7'j 4 '4 111 in', '.fi't 7ai2 r.",a r."i ssi '.'3 34 ai coH 11 'a .0 a',., 71 -";4 'i .10 im i.i l?4 a' 2 i .'- 4 '.". n.i lau I!) 'a si) J, j;i, ll?4 17'; ' 7 2 no in si l-.'s U'i I.S '.. s.7? t V'lv.inee llu nn A .i Itutilier . M.isha .linn an Me Iteiluetlon lllid Cheni .. l' e . llleil i-lirm ,t Die pt n:t I 1ll-('lmlmeri .11'i n m Ari ic flu in pf Tl't x tn Hi 1 1 sugar. . . . in . Am fm -II 'i 1 Am fat .; l"My I. ' Am far IMv lif . 11.1 . . Am Hldii l.iniher. . n : m Hide ,s Leather pf 43U in Internal forp ... fij4 t tn-l.a 1-i.ini'o Kiir !)" .'I m I. in ei d m?4 . . Am S.ifet Itn7nr . . 'i . Am s.,p & com .11 I in SmeP tk lief . CI' 4 7 Am nnlt .t llrf pf. . S'1'4 il Am .".im It See A . lf''o .1 Am Slerl l.'ollliilrleH . nn'o 1 m Stiel Kdys pf. . si ' m Sucai Kef li:i J m Sugar I'.pf pf. in'U :. Am Tel .C fable Al M Am T-l .. Tel 01's t Am Tnb.iee.) n tie,), III in Siim.it i a Tab . . . sn'i m Woolen . . mij Atiaenmla t'opper . . . n n n o I . . . . inn' i ii t.-li Tep . S.mt.i l'V s'l'j tt h Top ,t S r jif. . 7!)' 4 7 A'la'iti ' ...si Line. Ml in u i ;u r - v i s s lo'i I M l'i.' W I S S pf ij 1 tlnlilw n Uifomotivo . !' . Itiiltimn' & Idilo. ... 31 ij I Itnltimir & Ohio pf Sti'j Il.ii in tt I.e.iiln t . . ,10 It. H. .I',;. is Miimiik . I It. tt- 'i m Mi mil ... 4 4 .1 Hot' . Iietn S'. . 1 . . at' I .1 Mmlilih. ri s ,. .. so, S 11. t' Mi, mi s ,, , , ,,fio1 Ilontb l'is . i i. s . .. "ia . Ilrkhn I: ip ! Transit 1.1 In Huriis If, s ' . , . ss4 . Button, ' . ... lnH lltittn fopp' . Zinc .1 Hullo ii- 1 1 r fop i:i'4 . t i.ifornli P. 't leiim . .Id's SS '4 'A IS", IS', ', a.i?4 i in i m ', '.'01, - '4 7I'4- II, .ISlj- 2 S'2 'l IS', - l .:.,- 'j 4'.'?i I OS Kl'a ' 'a -'"'? '4 7.1'j- I I'JJ-s ' 'a '-a' ' ", 'M'u 's 23?4 ' "4 at i .tl, , Hs vn 'j a'- " 71', - i, ."?4 - '4 !lt I ;'-.. i an ; 101 l4 I.I ' 7 Iii '4 13 . 4 4 r-21a - 2 97 la', MIJa '4 s0 ?i I In i ' m.iili.in V . 1, . font 1. 1 1 I.e.,- I form de ',i., op in Chandler ,M,.' '- I f liesape.iko .. 'i' i" . . i "liieagn ,v i ,i . .11012 . 40'a . 30 ".Vi .. sS'i st-i i'f , i lib ago ,"c fi V. . I'liiiMKO Mil . -'' T -i-.'k fhksagi) Mil A S 1 .1 fhlClgn N'ott !!.' T.f MH rn r.s I ''Mi ,; Nnrtliwisi rn .f tO'd 'ii' n I & r.ie jn4 : '''ll It t & 1MO T P' 7I . ' hiln Cojipi i' fJ's 'II ftlltlO foppof ','1' ' 'n .i-Col.T. '.'.'I'a .i olnr.nlo 'ii, ' '.'n?.! i 'nl ,L Sontln in . :il'4 oluinli i!at A: I.e . n't, "1 'iiaphnphnno . 1 1 ?4 t .1 r r,tinnli,l,if i Ti xt ,. '.'n Coiitlmnt.il faintv !' I "orn rrodiuts Hit 71 j .in i 'oBdon t f ... "In 't X fnieible St,, I . !)l .. fiihnn C.me Sugar 'it ". iiit,.in Ann r Sugiu . "n ' Kei.twate S Itur1-"oi, tfll I" l"I I. ai ' .! Witi iii-.T. lietnoi" .c lllo Ur.indo '.' i'ttnor .. Ilio !r pt I I 'nine Mm.-s ... I ii "n 'a '.' s !' I.I II M)t I -al'itli S" S .-. At l.ndi(Ott..Ir,MriHnn ! l.'i ilieott-J..lms..n i f . I.r e I .re lsi i f . s Fall nils I i) , i " i.f 7 IViliral Mm ,: Mull pf I"'ls!t ltuti' or . . l"'i, oi 1 Ti .is 7a'nn Wins & U'.j, 27'. It'S 17'2 4"B (.7 '-2 no en SI 12s 11'c lis ' S.7J4 1111 IS , i : i i (,!l-'4 i i. m ia' Xspli.ilt 7t nei.il phal: pf it '7, n, r .I t ig.ii" . llll in pr si . P14 . i.i 7 '! li. I '-igil .Ii f x It in r.i l"i t ti ... . I ' !, ll'ta Motnts ii '! n M- t .rs ! Ii f, ', " 'i liii'ii.u i i ' ; i ioodrit l 15 1' iliont Mirth iii, i Iri .it 'nrtln i n '. . f M .Pile , S. tl I-'- . A: Uti, 1 1 ,in, .s ,ke M.' u ll'.pp Motor ' II "sti I" Oil fs '0 .Is .111 I.I .. 7.7 1 till 4 ai t.'j i:i' . HI 1.1 .1 at ( 1.1 ?4 fit I ai 4 'a Tl 17 21 l!H ' 4053 41!' 4 .III ! . 7.7 '4 !HI 4 111 4 '4 I.I . Ill 14 h ' 'll l!' l"?4 I'll -21 a-, 1 , '- 17 .n im.. 411-Sj 10 4 I I . 7.7 4 t'0'4 ai 4. u 1 a .. !!.'. 11?4 .11 a 1 M?4 (0 21 ' a 7 4 4 7 a '11 III , 4 r. 4 4 I i Cent Mil ' 1 'on ' ' 1 nn 1 .. o.t, M.l! h . . It. ! IT- r . Ii-. II lit '. In l M Int. ii.., ,111 M Intel! 1 I nten . 'I Villi Ir'.n 1 '! Ma 1, p.. Mm,.' l'i, , , Ilttl .N ' .11.1 1 1' '. nil ' ,'uet- 1 imi 1 '. . II 1 . '! T 1 I . s I'rt 'I K ei ' it. .- , .1 .41' IN" ' -p-ll U T n FOREIGN EXCHANGE So,, Imi,, I, i, ' ' , fureii;!! it li.tnae luarit. : si,u,., mn, a BliiKle xeiptloli f4ll.ll l lit , i ' s fioill VehtiT Financial Biiefs 1. HlllM' ' pi r rent v.i iuv rnil- rr .u :r, 17 i: . ua ' III I.", I M, oi n p r. i-'.iidi'iK mauds .' P.wi i" nt , i : p. ' .j s- ,. si". I' 1 IT" " . eftf l'l.i. sil.el. i.i Total m -iln I'm- I. ami This i.f In-tii lite ri i . m ,., is ,'. . . r. i t fnr lite. m l't nn .p. ti. ,1 't prim,-. lid . l 01 fnr i f. I . i M..S Ii nl .t.,',1.".! i:. s. i ., l.iliUf, fi . , St.ii, Hall,, n I, 'I 'l"l i. I . ' .h . s J I il. il is II isil'l' .innriu'i' pa, iner.-I in until .'Ii - M 1'. I i 7 ?" .Tl.t;i' I - .iliianl . III,, "I . I llll fl.l- ' Wi ,..l i I . I. .' isiian " . i -.it. 'urn nt 'I rilntivelv ft,, inn ff the I'M ,. siiaren on in ' 'line imr n. th T'e re ni e e. ei , ., p. mltiiK 1 o' Is 1 1 -mn nf tin, .ii . linlil'l nf til. .. ll'l le III II : '., ti, li t ll r n . .1 I I . BANK i ,. . . , ! 1 1: .'. . I ,.l ., JT'.t 1 ' to' 1'iai Ii rh , i ,'i.ri ! . .I. i . it ii'.n. . I . il '." hali ,hi w lilt .' i i.f the eur,' -i, r p.i-"ls U i- ' li . r .'.I sin il:i- -xii :,iT. i o i il tllltl I Ipll I' ' ss 1 1 I s?'l i.i . '1U l'i II I . " .. slum ii ii. tl,.. ! .ml i mil I Nine I ,, ..i il inn. l'i tie ' i't i ii. t ..I' In sinus ' 11,11,1. .1 it n i I i Ml 1. ifn r M I i I ' X ! Reserve l'V I .Hill , t li. ..I, , mm . t i nirlits d a f i i 1 III M , U s M.iuli i .. ml. .1 i . . I 1 1 i' . .'i I.i ii. 1 1 ' i-i p.. . i j nn li diii-., nn ." ll itat 'l I I .rorpool Cotton ,i i . i i 'i i 1 1 'i.i l fn, .i I . ..to. i, I l i ,, I- nil II . I.I s ,,f i i, I t. fm i ildli'i. il . I.. I tr , f,i,i I , , - 'I i, It . Ip" I ,e. in. ' I'lllii: I 7n,l lull, -' .'.til, s ",. I til f! m thf i t-- "spnt pi"i i '.ei. Am r I i ,- f-iii I i. I uimd mid s.l fulh i nl II in.' ' : Id : si.. in . ii il I i i; V ' lit i r 'hi ami oidinary. Silos in , '00 2 Krnnecotl Copper '.'00 a ,.n Loblgli Vnllev . . . "Oil . . Kcjutono T oi 15 . 200 n Laeltawnnna, Steel 100 I,oewe Co . . 100 .. Iift Corp ... . ItiRll n A'i'i ."a-j tn?s i l'i 1 w 20 2'a 14'i na?, 10 ii', 1 no h0 All Va 72 1.17 '6 IHi't ia?i ai'i 72 l'i '.'a ls?4 ao'v lll'n 2 1 l'i 71 4'a (11 I', 4 It?- 7IU SO ?l'o 27 201, I7'i O'lo .1,1 si',, II 0 a 'a 27 II ai 7?4 f,si2 1I?4 40 H ta an i is 2.1 ' 2 II iil, j 2n-4 71'4 tia?4 ns .17 in-'i 4fi'3 an4 s.-.i; ta'i sa .10 'j .1.11-2 an; '."; fi.i'i 2IU r:ii 2IH 2.T4 am; 4', 43, SS IS'j 42 "a 1 !I7 10 'a 22 1 4 is '8 I0s4 ai", .70 ' 12(, 1-1' a !) sH M'4 21 ?4 a 1 2 11, in .1.1 1 4 1 111 I?. 2:l Ja II!) ai5 iniiij 111 . "'I ' 8 IV. s'a 101) 7 IiOtllsMlIe 4 NaslivlllotCO 100 io Mnnatt Sucar NO 5 H I I IW lJa 200 7 Manhattan HIpv guar W 100 . Ma wp1I Motor , . . " 100 7 Mav IVpt Storoi 7' S01I0 i Mevlo.in E'ctrolrum . .l.W?s ''Oft i Miami Copper 'InU 2100 1 (10 Middle. .States Corp.. It Kino i. mi Middle States rtft. 100 Mill vn In Steel & (Ird ni(a 72 V, !U ID 10 a 10', 24 74 41. 0l'2 8' 4 ll'4 .2 ',4 SO 72 2fli, 20 '2 17's no 1 2 .1.7 so II 0'4 a4 2; it a:. a 7,1 Os'j 14', 40 4 ia j a7i2 Is 27 20 11 .10 'a 20 '4 100 7 Minn St I' St S M 100 Mo KniiH.in & TeNOn.. '-'00 Mls.sourl I'.iPlfle . 200 Mlfsoiirl t'.icino pf . . 100 Montgomery Wnrd I '4 '4 1 ion a 3n National Acme 100 7 Nat Clonk ,t Suit pf . Inn 200 200 ion 100 100 .100 700 1000 100 700 100 inno on 2ll0 200 imi 200 non 2 ion 20(1 inn -nnn tr.nn iino inn moo ison 4011 :no inn .inn mi inn inn inn son 1.00 in') 1 nn 2 100 100 ;o) ton 100 itnn .inn 211011 12110 .1011 too tun nno 1.11)0 son 100 .1.1111) 1. mi) 20'lflO 1.1 mi 1 mi llll till mn'i 41)0 mo ao') 200 1 ;oi 100 2 1 nn silll 2nn 20') imi Ml inn .on i.mn tno ann aoo ion 2000 Km '.inn iiiii Ion li,)i) sano 2 .'00 71)11 11)11 .I'll) sun inn inn inn 2110 Kl'l 2l)0 ;no 10t 1 no .en I lllll inn "(in 1 tun N. tional ( on A. ( .ihlo n Nat Knam ,t Stump. . N'nt n II of Mex 2d pf Nov f on Copper. . . . V O Tex & Mex Vow York Air Hr.tke. 11 10 .1 New York Central... 2. SO New York Dock. . . New York N It & 11.. 1 w York Dtit & W . 7 Norolk .t Western r. North Amerk-an 7 Northern Pacific . ... 00 Niinulh to.. nlilo Hotly & lllow. r . in Okli I'rod Si lief -' Orplieum Circuit .... . . Otis Steel . l'.ielllc I'll w I . . . i Pun-Amor Petrol . . . n Pan-Anu r It . . . . Parlhh & niiiftham 0 PPtinslvantn II II . Penn Seaboard Steel. . . Peoples Ons Chicago . . . Pere Marqtictto . . . Phillips Pet . . Plerce-Arrow Motor . . Pierce OH 5 Pitts Coal . . 3a I'a Pittsburgh & W V.i Pitts & West Va pf 8 Pressed Steel Car. . (II 7 Prcstyd Steel Car pf !'S 4 Pub Sorv Corp of I .7l!i3 H PtiUjnan 107 ',5 H Punta APi;iu Sugar . 47' 4 4 Pun, Oil as 1 8 s Hallway Steel Spring S.V2 1 Ray Con Copper. ... l.ln I P.eadlng . . . S.1, .' Itnmllnir lt pr . ,1li'3 ' Heading :d pf . .1:1 .. Hemlngtnii Typiuiltet ai; . Ilepln Ste . . . . a2'2 0 Itopublle Iron & Steel fir,', Hepublle Moloilruek.. !, 20 Iloyal O1110I1 .V Y... fli:i . St Louis San I-'ian. . 2M, . St Louis Siiullnvr st . . 2.7 '2 St Louis Soillliumt pf at'.3, S'int.i foil l,i Sugai IS . Saxon Motor . 4 "8 s Sears-Iloeliui k ... SO Seneca 1 op Corp isi, 71 Shell Transport . 12 . Sinclair Oil . . 21 it Southern P.u ifle . .07. . Southern P.ieiCo rf- . 20', Southern Kill . . . '.''a ft Southern P..1II pf .1s'0 7 Stand Oil of N .1 pflfls'o 1 Stewart-Wamt Spud .11 '4 7 Studebaker .77 '3 2 Superior Oil Corp. . . . p.", 11 Superior Stiel .. i:t'8 . Submaiiiin U0.1t 1 01 1 !) . Tuin fop ,t Chem . sJ4 a Texas, Co i:4, Ti x.i.s fn warrants 21 J, I Texas A: Pie (.&(. .11 a . . Ttxns A: Paelflc. 21 Third Avenue . II! n Tob.Kin I'roiliniH . -iai 7 Tofontvo I'loiliiels nf . ss'j Tc.! Si I. .: Wist 1 :f" !)'i . Tt .insfoiitiiu nt.il Oil . 0 4 .7 Tr.msue & Wins Sti I. 12 l6a 34 1 . Union oil . . in t'n Ion I'aelfle 2.1 ' lit)? ai 1117 I United AUov United Kimt 1 "nit Ilwv lnist pf . a United Iti'lail Sioiesi. .". U S U I PA l-'dv Pf a 1' S Ind Al.oliDl f S I'ood l'i mini ' I' Hi a!t A In . s T S Kubliei .1.11, IS'. IS'4 lis .1. S4 ''''i a7'o as 7 'a s'i 203, I " ! B .1 U S Stiel . . . 11 l't.ili Cupper . . 4 Vanadium Coip 4 Vii-c.irolin.i 1 'In m I Vhadoii Mis: Wnbatli ... . Wabash pf A Wi stern M 11 i.um . West Maryland 1 Pf I7U I estiilgnouse 1; A WbeellliK ,t L I! 4 Whlto Motor White nil Coip I Wick Spene St. , I , .1 Wilson .t Co. fi Wutihington I'limp I Will..s-0ell.llld . Wlllvs-t 'vi rl.iti.l ),' WIion-m f 1 nl 1.1 5 Wnolwurtii I' " M 4S4 !)i2 ait 1.7 'a i' 17 2'4 .'II n '17?. .12 IP." .'I71 .t: 111 Lx 1 Commodity COTTON MARKET New m',. Pel, 1 , ,. tn.li'kei ..a. iiit and (.'i iieiai frill,, ln ,, inlltru.l'O, n'lli., a, I ilii ijerm , Hel llliR SI tit s.: fn. i ,,i tm'ial Ie..d"i , p., rations de 1 In 2 cent" I'll I iv Willi lrt prpes nfl l!m -.inns ii, sierhni;, . ml a.MU for sii(II feiitu I ratiCH : 1 .7 f'.r caldtM ami I'h" hlcli of ih. i',n 7.19. l.ii' .. .'! 11 for eal.l. s s. HS W ll.t 11! lit) 'tl!' f lli'l'l.s, llll- In . ., I . ,i' . " fi.n In." . ll. ' . ,i.p.i.,-s. i.nirnin anil HlleritlKs l-inii I'linm In ll ' ill Iirissi,,!! The i nn, i, w,,4 ."limls am) n ide int. in 11 1 -. iiiiMiini initial ins, union ,, mines, 'tiei iii'' i " hr K.s ,.'. " ' n , sS . Strir.il t,!m .i ,. ; I'l.i'iMi i s ','i . i 'npt'nli.'t' n . l'i no : Hi tn'an -' ', . innrUs 1 '" .1. IJI-OTVI I'tXs I f im s laro t.i . rs iiiin r w nn i Hues diiiip .1 ,il pninis In I.... .. n rdn. s i In i lit i eipis . l i .,n, ,u mi llll. lire e .iltmusi .'! I .iln! lit hah s a ill, i'j hah s a ; IWII .I'llls Jl ii nun. 'I , IT. a , i I .M , -I M i ' I'lli 'Jl ill' VI luS'.s Lire llUi ,, ,'t I'd'. ! ' a i.i i ,1 . r nn t I I.I.I GRAIN ( IlilllLTI. l'i h 1 CLEARINGS . . i mint re I , iii a , lira liejo U'I i "' 1 nl I "I I ii'i T'M " T.lh ei nil., llll.- sjinatiiiii I MONEY-LENDING RATES N . i OKI. Mn) ' v on i ,, I ul ,,. os nt ". ' I uH I'.I ll lliil. I at ', 1 1 ' i I. i. ai. I r in i nt I I'IIII. M)l.l I'll I ' all " t ' " ' em ' ,-,, r, p, . 'I I'liilltlllTr .al p'lpoi ,. ins" tin li per I'll "f deinand fnr p.irt I mi nl selliiiK nl wlieat i nusoh tins mm mm; nn si aie ami nm iniiiei'imie of t Ik- marKet was wealii'i'. r.ujint; ..as inniimd I., In' III sill, I (. Mill'CI npeiiid .'t .x llitlllllSI S. I'llH, , ii lid MiKt.nl tn SI "ix , II . Mil ri li K.il rate i '. .nip, I. an1. i i premium i imiiiev for i ined nt i i im reiiil pal ihs. is In- un lit I I mi, r, t lis. .1 ,,- ,,'nl t nm i ! ll'l In N li' '(" lui "tt rdn. ami xl.lli", ll lll.lllil fill" I ..I I pi ' flnni ! at mill" I- t am leu selini). I I, Msl s .itllies Mlfflliil , I . Mill Ml, . Illlltl.il .. . I I ", ''ll' ) III sl II, ' I.e O'llsel, lipitllst III'',!' U III" I nil I '.'s. l'i,. .Jul. m III III!1,,- (l !''". . iikiiiiiM Iii! -,. .esierila.'. I,, i, i I'lll'l- llll. Will' ll.,e al d al'lillt s, ,,,, leilih. Shnl'ls i n.ei-e.l .. ,,, , , ,, , I ntnis nml sumo I'miiinissii.n hniisi s ",,i, Ma. stalled III II ',i- in Hi,,. ,,, Banks' Discount Rates . e t(t f. t.n, Ikiidn 'I I l'i I I'T lltli I HUH III ..eslelila. . n j,,, f II 'si July opi mil at U'e t,, fN, 'llltmnsl p,r ni the end ,eseidn. 1 Tail, i-r-t iliitlli'il ..in f.ir' tiftoen i,.,,s nf wl i ii. I'.'ll i il. n i up and phi , li ,i i in s nf mils , ;;'.. I,,', ...";.,,:i"., ,.-, ":.,', , , ,V : government donds , i nml "I I, i r ! i i imi i. i. , m II. L.i,ii ii' l n ii. , , nnn i n- iiifii .,,, ill. I i t'i i rn renertni.ii ., ' li l,,t , p,, ,M i uii.Ii r il .ll'. llill s'i ril. I...U' I rl III. iIkU'i.I h i, I t'lilllpi n I. Ili.1l si ., ,, ' M'l i i, nun if 'I PT '' I in ti I Mil iiiin J. Itll'i M , ,. . i I mhin .tiniii I '. , I I' s i . , uenn " intn I, i- 1,11,1 Hull i 1 i j I' I- nl ,n I i i . , i I ii, iikimi rf, Jh 111.11 llll 1(-, ci i anri it 'iinond, ftncAsro and , I'nin- i h 'in r, li red a. in in in1" in, e u . ' l m sni rouiut) s IBJa it)'' i 3 lillMrAillUMlli' I 10 Net i,m' h" 211 - .12 "p -li'H a's 10?i U'i ' 100 - SI) .11) iil IN bUKD IVIHIUVLI Standard Isgiioo in SupplyIn dependents Under Pressure. Industrials Irregular ' 7' I i 7-34 - I NU ll 3i .11 "a TlVi ' m -m?4 . 21 '2 -71 l'i ri 7 '4 Ill's ' 71 A S0 -71 5, .7 ' 20 . -mj noH .1.1 S!a ' II tl aH- 27 -II .1.7 7.1 rs'i- "3i 40H- ia3a a7', is 27 - 2S Jo -tl .70 'i 20' 4 7I?4 ' na4 as .10',, Vi -311,-V I.T, ' S.T-a 10 a .1.1 , - ai'i-a'."-2 i.i 'a -21 '4 r.4'i- 21 ?4 2.7'4 - am. - I'A l?4 SS ISI4 42 2.1 1 j 07 1.4 -H4 -'0 ' ' 'o 12U i:Ji ' i) S34 at 1 a -20 U -11! .7:i'4 STJ'i - 'i 10 12 2.1 ', II!) II 1003, 21', .7.7 ' , . 4.7 , r.s 21 s'4 l,S . .IliS - :i7', a73, "a s 20 f4 ' in, ' !)' . an 1.1 M7 42 '4 ' .10 S'4 a: '4 a.' II2'4 a New Vim It. I'oh, 1 U"-l lnleresi 111 the Ilrnitil Street ('nil, InnliiiK todm was ittlaehnl to the dealinss 111 the petioletitiis ns 11 niitnriil result of the further tedliellon in the pi lees of eriule oil and petroleum pi"duet. Slnmntd Oils were In supph. Slnililnril Oil of Indiana, new, fiillins fi"in ill to t... The Indppendent tnN were iiNo unilei pressiite, Mnrai'.tlho dritppitiff from Ill's to 1!)',. It. tin nil was 11 disappoint nient in il- aetlon. Iimlitii; little support frnm 1,,'inhliiK interests. liiler-IVtrnleinn sold down from K'.'j t" 1(1. anil Sitiiins and Skull. Oil both showed fractional losses., There wile little tradillE m Oni-ili Sjndiente 11! Ki'j to 1(1. The industrials won- irtegular. ( ,n I.IrIiI was np.iin itet'nely trnded 111, tnoviiiK up to :!'.-. iiinl Utirant Motors held around its liicli riennl of li. In teinmtiiieiital lluhher. whieh wa n sti-miK featuie in th" preccdmi: l" week,., was in supply (Inline the limni- Itic (iMippine in l"'i , , Maxwell-Chnlimis 1 ncl ni"-.'''l frolii I1IL. to Hi' 1 I'erfeotion 'lire, in whieh there hn- be'ii active tradiim for some dnjs. ...is n strotit! feature. tno.iliC tip to -"1 Sweets was heiivv. sellilij; at -'s (" - - ,inmK sk, nnt nttei. i.-ii w., attiiehed to rioreme tioldlleld. whnti Itpiill howe,l sli.'iiutli fullowitll s ate infills of uliipmenis ,,f ore j-ivinK n Invse ield. Itoston-Moiittinu iinil Lur,,;il i'loesiis lioll, were (Inn. IMII SIKIA1.S ItlKll 1 lM'l , "' . is . Ill", . 17 ,. Hi' 4 - H1' 1 ; i"ii . 2S IX. . 1 s A 111. i'.'.iI 1 1t tt line I ' far I.ikIii P.irrell 1 mil lull - Itnl'lier . tuir.uil Mitl'tr Mn Chel ' 1 IVrfeition 'IP liable I'lim tllllll,, fmn 1 ' Swet'ls fn I (. Shin 1 " . I S Mean, s lll 17 in' 1 m I's n sl'lMHI'.II Oil. Mi.'., i "i - !'; Mal.'l I'll 1 f Ii I '" IMII.I'I.MIL.NT OH.' Mile I ml HI 1 I'j Iii'j J'l s 1 1 , 1 im, .'' 1 Hi' U'I 1 'iirili til I'ltli'B I-. I'uslilm. I' 1 l. en. ".I Kll-Hi'-r - I'- 1"i 1I1 r, I "il lilt nn. I "I i,i in ,.1 1 Hit I' " I Mir,, i.i' " Mi t r " 1 It ' , tfs ii Hi', l'i . t-"j I 1 .M' " ! .11 1 ..i'!i i Nul.le 1 .tii.ii 1 1 I', nn.' ' ll. I I". . K in l'i . .Mil,, 11 I il r 1.' j M i a 1-a 'S '4 il' Ilflt t . .s 1 en 1 1 1 simiu- I, 1 sk, 11. I' I . I II . is "I I I. t , 1 Oil 1 .. '. II Mil ll'.... MIMMi mil, l:i . l... A I I.i Ur i- H So i Vi l'i 2 I, H..M .11 tt .11" tin i nl. .1 inn .Mil n: fun, I, l.irlt. M inn; i nn" irutnia I'm i. Ml., r I II '11 Held I 'uiKl. . Ark ia i . i.i. i I tutu i Ml. i l.it...i I'r.it-i I. in i, i II , ... 1 I In . I u i .in. ,i n..i. u i i ...i.i l, v .in i. lie .t Sil. r I'll ij.,,,1 ..mo II. . i Minn s f. is 41 I." I Is I I I I I I", I .iT in .!' lit i." I l,,f. .n i Itm.l., I. t. I" ,' kii,, I .m.l. in IT . 1 1 III 1 M .. X .in i I' M.I.M11I I i , I M ir-h Mn I.S'4 M .11! a; ain' '4 S 20 .'4 10 a 17 4n 2 an 1.7 I, 4 2 , .10 . I M.if".u ! I M..1 1., r I iNl IM.., '4 I X rill M 1 , 'lillll M I I ll, ' ' i:h - ,ii ii , - I, K , . s , ., . ll III.. - . M.il" l. - I.. . c 1 ' in. .1 ih I . ltd ' sti I IM.l.t l t. "' .1 llll, I 'It ' M'.' . , M in, j . Xll.-l .'1 M i 1 i-ii I 17 1- J ' I.. i.ult HIlXlls Markets i'f. 7' . Hon eli-mi- .. in In , s,.,1(. I nl. Ullllls V spilt 't n ml Mull .in trildel . ,iui ihtiti .1 allsiiilml In iesi., ..i,,. ; .i-,. .- I " I''.'.'. '!. ' ll U'I , llll ' Pi. . I' 1 . nil , . i'i.i: lui tut l'i s im , -, . , p. .i in in In I.I ..,.. dm in I! Mn i.aiei- a i.-nr wsa i'iini't in, i. pin in 17 the nn Ms I,,, i4 , .JL'.imi) Irid.s. wi i k aim, IT - mid I 7".''. hali-- LIVESTOCK QUOTATIONS ( Im, mn, I I, 1 in it, I. I I mi I 1 ."! I I ' 1 I s I I 'IT I I . II 1 I 'ii I I ,n I I T . 1 I . I nn ..P. I I . I I -' i -villi .-III I P ' I'lll.l.nrcli, I ii i I ,.l I . , .il. i n 7' MARKET - A Iti'iii'i-li . i nl and nn ill M'liei l I l euuneil a le.i imp sill I P I, ' I . , .li .'I . .1 l. 'i. i !!' h,. i iinui.i lull a I, in I. Ki'lieia1 ,. Hull. lln. I ."i!)l . in SI. .IP ' . ,.n," .,.,, Ilj;, Ma. iinlid ai I ' I ll ' ' ll I,. I" 1 1 I i I" . till . airillllsl .si IV ... I lnt i ,,, at was 111, llll i nml i p. inn , . inn til, 111 Iiii, l I I 11 l I "III. Ill - '.., ---. , Ill, .'I .,' im i Hi r i Today's Range in Liberty I. lln Is l.lhi rl v I. , l.ihi it. I. lln it ', I In i , '.' I 'in !! Ill 7 '.'') Mi In ') 'n 17 2x 7 "it PI XII mi in v7 Id ", "il x'l llll sli II.", !I7 ',,(l 07 o.i -' I i- Isl 11.- -M I',. :..! p,. iii I1. Vl N'l.tPH !ln,M Vn N't". P Baby Bonds AMERICA in il infancy wns developed by Europe snvinR' EUROPE now owes Ameritn over $13,000,000,000. AMERICA'S economic ascen dency must be maintained by investment. BONDS of lr(e corporations developing tlie country's nat ural resources, in 5100 denom ination, permit nil to help. May ire until our list shoicinn prices ntrf yield? t.r.c'ff.sT r t. t A. E. Fitkin & Co. Mcmbcrn A'.)'. Stock Exchange 141 BROADWAY New York Cily III Is I 1 . I III. M.'l itrTsnciinti 1 .,s ANTHIM'S The Best Buy In The Market J. time! like t lie present one factor in investment is mnrc important than all I'tllCl- Thal factor i s safety. ."s.iii'iv 1- the licst buy in the market today. here can von find tl? The record of S. W. Strati.s -S: '0. .W ears s iihotit loss sliows you uheie. Investigate this record. 'ritetoday for BOOKLET 531-Q SW.STRAUS&CU 11'"!. " s :12 lNCOIieOsATJ Stork Exchange Building Philadelphia Telephone Spruce SGSS 39 yeats without loss lo any invsstor ( ..). j, (i?l liy .s' W. Strom A 1 1 :t 1 in 1 1 . . in, t; in , 1 , t in' , is Tax Free in Pennsylvania PENNSYLVANIA R. R. 15-Yr. Secured V'2& February, 1936 ' , in' Ajiplirntio, Blodget & Co. Real Estate Trust Dldff., Pliiln. ')toll ChicaisO XiwYorl; Walnut lCOC !.,.. 1 -271 -.- s 1.1 I i I". ' I 1 In . I I , I I. J.' j 1 j $50,000 Sunbury & Levis town Railroad Co. First Mortganc Is Due July I. I'lali i 'use I moiti'.'i'-o of $.10(1.0(10, intitist .liinunry aiid .luly. ('.upon Mono, l-ppistcr.iMf ns to print ,i.il, a-.stinii'il by tin l'cntisyl.iiua , , (',,. Inr of I'vnna. Stntr Ta. Price to no I .").l.")', KOUNTZE BROS. Investment Securities Dcpt. nor, wiDKNKit ih.ik;. Portland Ry., Light & Power Co. First 5, 10-12 Caddo Oil & Rcfminrj Co. First Gs, 1927 Portland Ry., Light & Power Co. (' First Perfcrrcd Storlt &U).g!flrl$Co. UAMvlilltl " ' I . , , n i I i I, , 321 Chestnut St., riiil'idnlpl.in 'll'i II ' a K 1 ,1 inn I'. ' II i. a , 4 ' III 1.1 I i i. in ,1 in X PRATT, BREHM & CO. tlmrrnmvnl, Huilrauil nml Corporation Homlx 592 Bourse BlcIK., P,in, Uc-nds 1 uniii.iril, '.'1 : 1 ll". .MiHt 'il x; Mi III V III ." 7n ) nn Si i 111 !I7 "J!. II" .'li Delaware It. , Charles 1-Vnron !. Co. i 3:i3 Chcatmit si reel MscoRPOMnifsNSri PITALSSbOtOOtWu ff SURPLUS (EARNED) 11 lj $2,000600.00 l fHIEuHUU DO YOU INQUIRE into the financial respon sibility of the individual you desire to name as your executor and trustee before you appoint him in your Will? Honesty alone is not sufficient. Experience and trainihg for such a responsibility arc just as important. These necessary requi sites and constant super vision can best be had by appointing the Northern Trust Company, which is always AT YOUR SERVICE The Strength of Power Bonds Steady revenue, small operating charges and a ' service essential to mod- ' em life and industry, arc I some of the reasons why i mortgage bonds of es tablished electric power j companies arc so popu- i lar. . Wc suggest the First and i Refunding Mortgage Gs of the Northern States Power Co. For further information and lriee, n-ritc for Circular 70.i. ' Bonbright & Company , 437 Chestnut Street Philadelphia I Nrn nrl riilraE'i II. i. Inn Detroit spans the rich, indus trial farming and oil districts of the central west like the extended fingers of a giant hand. Reorganized on a sound basis well diversified traffic map analysis future other fea tures in .k fur a (opy PASS MARKET OPINION FEiNBLATT & CO. Memttrt of thi 1'hilaJelphta Stock Exchwt 139 South 15th St. Philadelphia PLomi. Bell Sptuti 7627; KcritMi Rice 1106 Charles Jachel, Manager Dl'CCI P-IMfl Jf'lffl (o R.H.MacM ASTERS &CO. I, in) em ( ,,iim.), ..i,,, Mo,. 7 rrh.nf 1 82-84 Broad St. New York NEW ISSUES Almo.si daily, attractive new security issues arc offered '' the invostitip; public for sub .s riptinn. So quickly arc the loan, nhsoibcd that many in M'stora do not learn of th' uffciiii"; iti time to outer thci' "tibt-efijjtioii and secure boiv' at the issue price. We are always active m tlim-e new issues and vill bi u'i. id to add your naiiic to out list to advise ou of slli'li nfferinps ntnl enter your sub enpti(in if you so desire. It, in ,ie 11,1, r rorrr.ipoiidei,. r Samuel McCrcery & Co. I raiiMin Hank Huilding M ' 'i " 1 I i Lilt ' 1.1. S i St'iik I'xf-tl it -'ni 7 ''nl Ha. o I' Specialists in OHIO MOTOR, RUBBER AND STEEL SECURITIES COMPLETE SERVICE lu All Forms of Investment Main Deportments Investment. Brokerage Acceptance, Liberty Bonds Foreign Exchange Statistical, Ohio Securitiei Extensive Private Wira Connections Members of New York and Other Principal Stock Exchanges OTIS& CO. Investment Danker CLEVELAND ttw York Itoiton nelrJll Cincinnati Colambns Tnltds Akron Yonruj-nlown Dn (olnrnil., Rnrlnr Moore, Swartz, Hindlc & Clark ACCOUNTANTS Income Tix Coil Systems Audit "pruim 1111 Hl'.r.l) lit U'"'slii J'
Significant historical Pennsylvania newspapers