njSjiH'-frA' .' ' .? ii i-?r-s!j?' ??''VJ ' "' ' ,v' ""V .? -rv e,- ' r v Iff tf pir f '( 't ,'' l' lJ J w C,L.i hi -A mJIi- m . -pynypw Biddle & Henry 104 South Fifth Street The Information and etatlatlca contained herein have been obtained from (ourcea which we believe to bo reliable. IOE METROPOLITAN BANK "BLDG. (Opp. U. H. Treaaurj-) WASHINGTON. D. C 30E30ESr--T0E3OI , ..J HOC LIBERTY BONDS Bought and told for cath at Stock Exchange Prlcet. ISAAC STARR Jr. & CO. 1th &. Qmnm Sts., Phlla. Ittmbm rMla. Stock Exchangt cud X. V. Cotton Exehane ttnaxciai. m tjih ljnr.nroin nf JITKR COAT. AVn RORK fOMl'AW CtriMlldttrd Ilmt Mortiare s Uonda line Merer! 1. lui:. BINKI.VO VI!Nn VriTIftE Until rropomlg will bo received br the Tflfl.rilMiurt ftt It. nttlrm lift firnatlvrey. Nit York f!llv. a. P..ririi'arv OS 1021 for n ill to It. H Truatee, on March 1. Bill, et a lurnrlent number of the anoi riMciwa lenoe to axhaual the aum ni mre VIvnAred TMrty.Nlne Thounand. One Hun- PIT? """W-eirni uonara ana tiro .-" IHSMHMI at a prlca not to exceed One putarea nn rer Cent, (110) ana accruu iMinit The rluht It reaarved to. reject fi"' in preroiaia in wnoie or in j". nti'mS'" nou"' pre.entea 10 me ..v. wjii-AUML.NT or me unaereian liln 10 i r nn ifisv r.hpn.rv ".V 6i. " - GUARANTY TM7ST rOMPASY Or NKW YORK. Tnutee. - Bv nrini I'j ir uiiiin T.Mnt. B(M. Xvw Torle. l.hruarv '". 1021. Annnal Meellnae rillLAHElJ-IIIA 1IAPID TKANHIT lampan), (icnernl Office, Btli ond Dauphin f.t. TMlii,4Mt.r,f,i TT..I. Q 1 0il I V1CP J STOCKHOLDERS , 3vial MfMIn of the itocliholdere 1 III Fnllail.lp'ila Itaptd Tranalt Company hi ot njia at rork road and Luierne l" a, in tne the purpose of election of Iv..""? :r "' enaulna year, and the ruiittlen of luch other bualnti as may mj lfor the meeting:. in. iifciira oi MtocRnoldera t-iu be taKen !' eleie nf hunlnees on Tehruury 23. nil. Ttanifiir book, will remain open. )'j;K ii. i:i.l.ih. Hecreiary. THK KVTF.11PHI8K .MFO. to. OF rr.vvijvi.viKi Thl AnnU..i ?.fMtln nf .!.& U.n1I.Al.r. i! Thf Ilntfrprln Mf Co. of Pennsylvania, --- ..-..vt. iu. n iHiniii ui i.irFriiirs in Vrnt Tnr th .n.iil.i ..,. t,.m v. k.i .. .v ?,." "' .t.h, ' ompanv Third Dauphin ll'.l' k nmiinmay, .liarfn II, 1031, at 3 I JO.si;ph vr OATKR. Kecretan- nirldenja Ipic 1 ! I.K1IN1H TOAI. AM) NAVIOATION a mm vx rhliH'lriphU, January CO. 102!. i;u", X', ',,.: ".""?. nu cuy iVriarM ' fmSIm "..T,f,,T,"n 'V NMli" of the1 !151W.18 V,.cl.0,,k " " Januiiry 111. Irti. i '" " mineij to alookholilera , c he nijrt I'rmineni dhWend ordera. " - ' i.nr, eneTnrv TlIK Mill ..F. ..... . ;: wKo,1 Z&fr?$FvVlJSv,: tiJ&wfr&Jk'&te' itoMin or ,, ffrv;;,n: liii "ock,i " '.wi-.a. Traa.nrP I irh,. , H, , mi. ,,iIJ7n, ' Thi i iioiVi JJ '... "" Pa.. l'b. 10 11121 ' fir 5 1.'". '?..'.' 5 "etora hine thla day He. i Wmide.Bii.i .i.V.". R..h upon the, WStiirh a id7t , .. l",'!S",'Pny. pa. Zjry ""'ilVi'' ,0,,lc,h?,,',,:.rJJ' Ior'' 'MreThJrf i'L'!!','.''"""'1 of J'Teetor. of '. ICil h. n "",on ' bed January 6J in ,5,"'M," ''nlnn,iR dlWriend nf 87; "Jl. PIVlhl. I'M r,C2r.Un..".nU'"'' ". cnChi -a 111 11 I. .,11 ' V" if.l T ini ' n "lUJTIlKHH ifflnnjifU Tnw miv0Jr': or u"""i ' 'ppiii for Vh. :',":"""'" ?m Jh f 10'Jl in i I1? department. Horn V.n'.". ,''!nipanleri hi"". J' .!' re. ku ti.i ' lWIr ataiin. ".. ninete S .cSi,";0- Th. Hoard "? '!i APOfoved UKllnmi Hi ..':. .1IK -i . County dlaiV.. $100,000, Lehigh Valley Railroad Co. 4 Per Cent Collateral Trust Gold Bonds Interett February 1 and Auguit 1 Tax Free in Pennsylvania Free of 2 Per Cent, of the Normal Income Tax This issue, the direct obligation- of tho Lehigh Volley Railroad Co., is secured by deposit with the Trustee of the cntiro Capital Stock of Coxa Bros. & Co., Inc., and tho entire Capital Stock of tho Delaware, Susquehannn & Schuylkill Railroad Co. No mortgage debt exists on tho properties of eithor of these two companies; nor may any mortgage debt bo created by Coxo Uro3. & Co. nor by tho Delaware, Susquehanna & Schuylkill Railroad Co. so long as any of these bonds are outstanding. $500,000 of this issue matures each six months from August 1, 1921, to February 1, 1926, inclusive. In 100G, nt tho .timo of its purchaso by the Lehigh Valley Railroad Co., Coxo Bros. & Co.. Inc., was tho largest individual coal operator in the anthracite fields, with an annual capacity ex ceeding 2,000,000 tons. Of tho original issue of $19,000,000 dated in 1905 thero is now outstand ing $5,000,000 -tho balance having matured and been paid. $50,000 due February 1, 1924 $50,000 due August 1, 1924 Prices on Application 30EXOE 30E30E 30E30 MANUFACTURERS & JOBBERS it you can use auimiomw wonting capital pcrma- 6 ncntly or temporarily,'' but do not want additional 0 nartners or stockholders, we can assist vou. o Complete details of our finance service sent on request, or representative will call, without any obli gation to you. Write or wire. International Finance Corporation S 0E30I 30110 Business and the Market A clljrcst of tin- present economic situation with reference to tho In fluence of readjustment!) In prog ress nnil probsiblo lienellti to bo de rived, Is tho leading urtlclo of tho current Issuo of our Market Heiew. j Attractive Bond Investments ' A number of well-iccured Issues nro discussed tofffther with an ex planation of tho presont low price 1 of hlch-urado bonds which offer un- , usual opportunities to lnostors. ' .Venf 011 request for Z.-C9 5 Hughes & Dier fr-hlln. fitoili Kiclmnie Ifrinbara r'thurh .Slock Kxchant irmDera rhlcaro Ilonnl of Triide I New York Produce Kxchanit , 1435 Walnut Street . Philadelphia 1 Rprare R43 Race ItM Neve YorL Plttaburch Clerrlaot 1 OUR CIRCULAR JUST ISSUED Containing twenty-three caie fully fielected issues, including United States War Loans Pennsylvania Municipal Bonds Underlying, long-time Railroad Bonds Short-time obligations Public Utility Bonds With descriptions of each security. The list covers a wide rnngo of well-secured investments, yielding from iVic,'r, free of ull Federal Income Tuxes, to 8fr, free of Normal Federal Income Taxation. Write or Call for Circular U NEWBURGER, HENDERSON & LOEB BANKERS Members New York inn! Philadelphia Stock Exchanyca 1410 Chestnut St. i:!ia!ji;ijn:rrii.ni;rirai;iji:;diunrjuirr,iTin"in:i!ian;3iiJinni;rirtni:? j Free of I'eiuihylvaniu State Tax j and All Federal Income Tax j City of Philadelphia 30-Year W Bonds j Due Jan. 1, 1951 j Coupon and Registered llonds Denomination, $1000 Interest l'ayuhlc January and 1 Jti1 1st j I.Cffiility approved by .Messrs Morgan, Lewis & Dockius, j Philadelphia. I'ricd to Yield a lleturit of l.70rc llHtutilUhrJ IHC3 BfiOREN & CO. IIAM(i:itS 410 Chestnut St. rhllndflivlilu. I'n. jlfembera Weiu York and Philadelphia Stock Sxchanues I m GOSSIP OF THE STREET m.m? '' .from tlio now ofTerlnxn of tse rtirlUes Inst week, tliere'lH little of lu- f'f"Vn the bond market. It 1 re Nw,.ii ' I"1 ""irprlstnjc o mnnr of the 'inning bniikern thnt the bond mttfket. ..nn w',oI,i ulimilil hnve stood up so .T.I ."".(lcr tl", burden of new offerings i. ',?r( lH'cn ln exceptionally larte ' TJ?F O'0 't thrco wcek. The -'I.()00.0()n of twenty-year Chilean orornment flu did not go with the name ""up as Iiuvp numeroMs other Isiites re wntly offered, but It wn said that the elmrncter of distribution of these bonds nrw been excellent. Iinnkcrs feel that n little time should pc Riven for proper distribution of the Imiim fthlch have been recently offered. it Ih well known thnt while the Inltral (iibscrlptinn hnn considerably exceeded me orrorlnjtH for most issues, thU hai not, by nny -means, represented what tnlpht be termed ns llnnl distribution, this belnpt clenrly demonstrated bv the recessions which have taken place In bonds of this class almost Immediately after the closing of the subscription books, ' Admittedly, there hare been a great many unusually nttrActlve issuei put out and this to n considerable extent, lins brought about their unqualified sue cess, but sonic harm has been done else where through the high interest return rnirs carried by the new offerings. . I'llicrtv lonu bonds for more than a fortnight have been weak with n sag ging tendency from which there have been moderate recoveries from time to time. It is stated In bond market cir cles that much of the selling has been tine to holders desiring to obtain a larger Income return on their money and have, therefore, liquidated their holdings of Liberty bonds and reinvested the funds in the issuco carrying an 8 per cent coupon rate. lhe 8 per cent return on bonds has been such ns to uttract numerous In vestors to them, particularly tho ko ca d small Investor, not being com pelled to pay heavy Ineomo tax. In yeators of this class can well nfford to hold a bond carrying an 8 per cent or better return, whereas the Individual of big means, paying n large Ineomo tax, feels impelled to Invest in tax-exempt issues to a considerable extent. The fact that the Ucpubllcnn admin istration is committed to a revision of taxes downward, however, has been In strumental in cniiBlng many wealthy Individuals to nibble ut the higher in come return securities of late which, unquestionably, hns ussisted to n con sldernble extent In popularizing the new offerings of recent weeks. Financing tho Cuban Sugar Crop Itcports have been current that there will be a considerable amount of foreign government ilunnrlng during the next few weeks, some of tho other South American countries being mentioned, us well ns one or two Kuropcun obliga tions of this sort. The arrangements, which are progressing smoothly, call ing for finauclug of the Cuban sugur crop, also, are expected to prove of con siderable importune as it will clear up a situation which hus given considerable apprehension to bankers generally over u period of several weeks past. Knowledge of this new financing ar rangement, unquestionably, has been responsible to soroo extent for the im provement uhlch has recently been shown in tho sugar market, prices having moved up modeiotely. It is pointed out that the Cuban tinanclns, which is to bo done by a group of American bankers, will permit the gruduul elimination of the excessively heavy obligations which ore now held by numerous Cuban institutions which are somewhat similar to the frozen credit') lodged in u large number of Amerlcnu bunking institutions at the moment. " Much interest Is being shown in the mone. situation and bankers who have much to do with loaning or funds insist that there is no immediate indication of n substantial let-up in either call or time-money rates. Somo of the ho called rommerclul institutions, it 1b said, have reduced commitments from their clients to u considerable extent, but the lurge institution! have not been so successful. Their borrowings at tho I Federal lterserve Hank continue largo and, ut the moment, there docs not appear to be any indication of an im mediate opportunity to reduce them by any considerable amount. Therefore, for at least another month or six weeks, it is felt that money rates are likely to hold rather firm, although, of course, there may be periodical spurts in the meantime, cither up or down. In the short-term-note market there is u tendency toward weakness with recessions of some Importance being recorded in certain issues. Taken as a whole, however, the market Is an un intcreslng nffnir for the most pnrt. the changes being confined to small frac tions. It is saiil that one of the chief reasons for the selling of notes probably has been the fact that holders of thorn could purchase longer-term securities bearing u higher income return. There continues to be keen interest lu the steel situation as betwern the t'nited States Steel Corporation and the Independents. There is good authority for assuming thnt, if lhe prices for the necessities of life are more generally and substantially reduced In the coining weeks, Judge tlnrj, for the Steel Cor FARM AND GARDEN Rurpee's Seeds ' ' fry" V yrt rJBnv)3C KVWP 1 9 AJW. U WAtm - VtVVjCfWaXZVvaaHr U lVVJW?iXNaVX I H JVTKalLuXrX VjOUaVafaH s S ii tMHluiTVffXc! W Aflf Rlit-n- fr c-..r4 tt . w -...jww. .r.f utvu Gentlemen: Pleiise send me a free NAME. STREET or It. F. D. TOWN poration,, will be wllltug to consider a, reduction ln the prices of its manufac tured products and to present to the employes the feasibility of lovyor wage scales to correspond with the reduced cost of living tfnd pt the corporation's output. Drighter Outlook for lUllrooda Although the publication of the Itendlng segregation plan checked spec ulntlve interest In Heading stock on the bull side, temporarily, there are Inter ests that are particularly well informed who believe, aa confidently as ever. In the market future of that security. With the Wlnslow bill passed And the railroad labor and rate situations ad justed, It Is generally ndmltted that the. outlook for the railroads and railroad stocks will bo materially brighter and more encouraging than for a long time, Market Opinion Went & Co. There is a feeling that business depression has been pretty thoroughly discounted and thnt easier money conditions to come will bring about a moderate forward movement In prices. Furthermore, there Is the precedent that a year of .severely de clining market Is followed by a period of sharply advancing prices. On the other hand, we find a considerable amount of uneasiness over the Kuro penn situation. This Is so clouded by French. Jlrltish and Oerman nrona- I ganda that it is difficult to see through the fog. nnoum me question oi uer man Indemnity be cleared up, n more confident feeling will rcnu'f and our own prosperity be enhanced. Hughes anil Dler In many ways, there are evidences of Improved condi tions and greater possibilities market wise. Therefore, those who have the courage to make committments on the buying side of the market at the present time will, we believe, bo ustly satisfied by results within a reasonable length of time. llecker and Co. Railroad shares aro again picked up on the belief the Wlns low relief measure, which passed the Houro last week, will be accepted also by the Senate any day. There is a good deal of confidence expressed that the wage board will make a fair decision In the wage controversy, thereby enabling the roads to greatly reduce operating expenses. With operating expenses re duced to normal working basis, rail roadu will be In a position 'to consider that very Important pnrt of the new law permitting mergers, talk of which will prove a wonderfully bullish Incentive, especially In the Junior shares of the special roods concerned. TUB TRADER. LOANS TO RUSSIA NOT IN U.S. CONTROL Frierson Denies Houston Has Power Over Any Portion of Kerensky Money Hy the Associated Press Washington Feb. 21. Denlat that I any portion of the money advanced to 'the Kerensky government of Russia is I Clll ,n.li.M !. .. I 4 L mm uiiut-t i m- iiiniroi or necreiary Houston was made by Soliritor General William I,. Frierson in a brief filed today with the district supreme court ln response to the suit brought by ; William Randolph Hearst, of New York, aa a taxpayer, to enjoin the secretary of the trcaMiry from further financial transactions with foreign governments. The brief also denied there was nny Intention on the part of the secretary of permitting funds under his control to be paid to the Kerensky or any other Russian government. Sir. Frierson de clared there was no occasion for an In junction ns the defendant has no Inten tion of establishing further credits to nny foreign government "as must hnve been known to the plaintiff when he filed his bill." With regard to the payment of the unexpended balances now existing In favor of Crecho-Slovnkltt, France, Greece. Italy and Liberia the solicitor general contended "the faith of the gov ernment was pledged" because these credits were established under authority of Congress. Describing the transactions between this Government and the Kerensky gov ernment the solicitor general declared the credits were established anil advances made "Just ns they were made to anv other foreign government and when made were cniireij- iree irom tne control ot the secretnry of the trensury." It Is not true, Mr. Frierson said, that there Is uny existing credit In favor of Kerensky or nny other Russian govern ment, nor that any funds belonging to the Fnlted States have been placed In Nntlonnl Cltv Hunk, or any other bank, subject to the check of Kerensky or other Russian government with the ap proval of the secretary. In submitting that no injunction fhould be issued Mr. Frierson usserted that the secretury did not ndmlt that the plaintiff hns a status entitling him to call In question the various credits or that the court has any jurisdiction to determine the controversies. FARM AND GARDEN Grow Burpee's Annual is a complete guide to the vegetable and flower garden. It tells the plain truth about the beat seeds that grow. Lower Prices Wherever possible we have re duced the price of seeds by tho pound and have increased the number of seeds contained in the packet. You will find much lower prices in Burpee's Annual for 1921. If you are interested in gar dening, Burpee's Annual will be mailed to you free. Write for your copy today. Just tear off tho coupon and fill in your namo below. -TEAR HERE- r?.-....-. riii j.. . u.unwm, j, IllinuCipillO. -j copy of Burpee's Annual. 87 New York Bonds tHALKfl IK 110001 Amn Stneltr a Krle ny Co it n. 0fc 08 H POH 00 Iter Sa 1.... 1.... , B3S , 6SH n rct , OS'i , osh , osw n. o. s. a. l. 7TS 77 S Oovt F Am T U T Ei fl... 1..., 11... 4.... 2.... 10..., 1.... 1.... a..., 3.... l..., 1 1 SIT. 00H N'n 1'aclne 4 Am T A T 0a USH , 0SH , UHV4 , SB nsv. . OSH , OSVi 1 70K S 764 1 BH Atch Topeka, O'a !' aj l...s. 70 Atch Topaka A B'a Fe 4a 1 7S 1 77H Atch Topflca B Ko cv 4a 1 CB Atiantio rurs ct tm B WH 2 09U S 00 H Pao TtTti 14 834 I'a 11 am 4 Ha 1 7'4 2 SO B 70 fl 7H renha It 71 Ba 0 8S4 1 8SU fa Ull 04a wl bSU O Hwltz'd rcta l.... mm 1.... 103VS Od Trunk rote 1 101H Hud A Man (d i.... BP Si 1 or. Hud A Man In io am n nm in siv, B 31 111 Central M i. V94 09 H 0f4 99 H 99 4 8 3 B 10 Halt A Ohio cv 8. . . . flO II A Ohio 3 Ha 3 83 09 4 r-ennn II It Ta Halt t Ohio 4a 1 7SH I.... 103 8 0SH 10 70 (reoplra Clas I. ' a. f rA rt Halt A Ohio Sf III O 3'ia '62 1 SO 8 AD U fc O Tol 4a 1 S4H 1 60 1. ... flfltt Int Mat et 4 4 Pere Marqt 8 4 17S 1 S3 Intboro ft T fd Pitta Tounaa'n R S4Vt S S4S Uell T 7 rcta 1 f.4S t.... 103 i a IKth H Ba '38 2 MH A A ah 4 1 804 Public Service C'n N J Ba 1 SOU 3 7P 2 B4H nrkn Rapid T 3 B4H ct 7 ata l MH Republic Chile 8a vl n 10 10 in is IB 4 40H 4 B4 99 09 00 09 89 99 3 4GU Canadian K'n niye rota 3.... lot 10.... lot I.... 101H Centl of On en 1 R4 Ctl leather Sa 3 00 2 SO Ctl Paclflo let 1 .... 72H 1 . . 73S 1 M Marine t J 804 Jap dove't let 1 82 Jap dov't 2nd 2 81 St Ii I'n Mt A Jan Ooe't 4t fl'n rtly 4i l 704 B B8H 2 82 2 1134 2 024 St Ii A 8 F In 1 48 1 484 23 484 Kan O VI fl A Memp 4 2 83 St I. A fl rrn Oerles A Ch-e'k A M.Kan C A t) Sa 81S 814 814 614 B44 CV A u cv fla Kan O A 8 Sa 10.. 20.. 1.. 2!l.. 1. 1.. 814 S... B... 734 73 H 81 H 814 S1H 814 81 814 Beab'd A Ii aj K O T nir 4a 4... 33 Vj 4 724 K Helifm 7 Ha 1 94 1 004 Seab'd A Ii fd 10 1 1 38 88 3. 88 Ii 81 C A Alton 84a K Uela'm rcta Seab'd A B 87 H 1 0H4 08S 4... 474 1. 07 i 1... 3... 1... 1... 1... 1... J... 4... So' n Pacific fd Chi U A U 41 084 984 084 984 084 1 70". a 704 1. 0. 2. 14. 074 074 07 4 07 M B'n rtallw'a 4a S'n Itallw' 3 1 85 2 584 1 834 C'nl A U W 4a 10 03 Chlcanu Mil A Ht I' 4a 3 534 Chicago Mil A P8H 084 Kingdom Den Stand' d Oil of mark ct 6a 1 004 Calf rets 1.. 1.. 1.. 1.. 1014 1014 1014 1014 1014 09 faina-d'am Nor St V 4s '2.1 S .. . 78t 2 764 2 7H Chlcaso Mil A HIP cv 4 4a 1 09 Chtcaa-o Mil A fltP td 44a 2 Olt 8 014 way ct 8i 1 094 3 90H Lack Hteel '28 Tidewater Oil 04 4 Co ct 84a 1 074 38 97 10 074 Take Shore M .4 4a '28 1 844 I.ali Phore M B 41 '81 Union Pao fd 4 784 63 824 Union Pac 4a Chicago A Nth,i,hlgh Vl'y 8 814 W'n 64a wl 1 984 Union P 8 8 004 Ii Vl'y ct 04e 1 094 2.1 094 jo... . 074 U IC of a Urlt 1 094 20 004 Chlcaeo It Il'd A Foe rd Umi I'd Tt M A I'd 1021 i o n. s 32. 9. 30. 004 994 99 4 09 4 09 H '.in il'd n n K Shore Ba 1 874 B 704 Chlcteo It Il'rtil, A J Bdae 4a A Pac 4a i 1 674 8 7041 1 004 U IC of O Drlt A I'd 102J 8 )8 Chlcxn It I A.Man IS etn 4a Pao B a 1 B04 2 MH'MIn Bt T A 8 Chile Cop'r 0 9t M 4l ao 73 2 704 U IC of O Ilrlt A I'd 1937 1 1.... 1.... 3 33 88 80 834 88 1 724 Mo IC A Tex fd Chile Cop'r 7 t .14 1 0SU JIolC A Tex 4i City nord'x 6i n 504 ... . 77 i II r. Piclfta 4 Ml It IC of O Ilrlt A I'd 1929 1 884 U S Mexico Ba 'City Cop'r H l. ... 544 1 73 M A O St I. A Cty Chrla'a 8 Carlo 4a 8 484 1 05 2 754ut'd Itya InVt City Mara'a 8e Naah Chatn, A Comp'r Ba 1 77 S Bt I.o 6i ' 2 09 City l'arla 8i 04 4 Ufd n'di San IS 0B4Nw Or Tox I V erjrt 4s B 054 Mexlo 3a 5 34 10 0541 3 844 u B "ubb'r Ba era cm urn n t cent'i 4i, i .... 7gu St I.o 4H 1. 1 TO NT Coto S 4 Hal l, ... 7MH 1 T8H U' H Hub THa 4... . SOTi Cent'l 0 30 4 8 73 1 SB l. ... onu 1 MM 1 7SH1 t .... fW Ci'ban C K cv N Y C la rcta 1. 3 84 4 100Vi Cuba Itil C'n .1e fi .. 10m 1 09 r, tom 9 CO S 101 Denmark i'iin j . . lot Hi A f t S 'New T S 111 1 PS llart'd Ba 2 P8 1 . .. 08H 1.. 00 tt R. 00 U'll S Htel 5a 04H 04H 04 i Wabaatt It lat 1 S8 1 Denmarli II ct Sa 0NU New Tic KlalMV. m lu. 'nn m's 4V,a j ,,, 534 1... . R0H Weit'n Md 4a 1 nsi, n r. os j Teie Hm 2 R!m . ... 7S- jWeat Shore 4a .. 77H 2 71m . . . 7S 'West B 4i rer Don t nun 10 1... . as 7 Des Molne N T Ft Dre 4a p. Trle'n 0e - fin SOU W ft II Mf 7a 1 41 , y w C ft a ORH Det-Edl Be '40 ll.iat 4'n ' s 9SVi 10 SIH S 404, ft 0HS 1) Cun OH '311 0 40 1. . . 884 1 POUlNrk h Wn 4a 1.. .. .$8 na Canada 'Vil 1 7rti 11 .... OR; II fiJ Nt!( t W ov lie 1 flam, 10 MV 1 !04H,I 3 WSh Do Caiman 'In I ... MI4 j es ft OlS. 10.. . 104 Wllaon Co tat Dom l'.ep'o Sa'North Weitarni 2 o ft 70 Dell Tel 7 Kvia Centr'l 4i Ift 70 1 PtlHi .1 00 B 70 S PilHl 1 0RH Krle n R cv A. 2.. .. ftHI 1 S84I 1 Dfl'i JllR'i I"T a. m. Liberty a i Ol.W 01.24 01.21 l.iherty 'M -i ... Mti.lWI Kll.fiO SIMM 1 Liberty 2d 44.. 0.78 Rfl.70 8I..74 l.lh(rtv .til 11..M.. ftft.fm fin ru on iv Liberty 4tb 4',i.. 87.02 8(1.02 811.02' Vic Notes .'... 07.42 07.42 07.421 Vie Note 4is... 07.42 07.40 07.40 I . 1 LONDON STOCK MAHKET I Trade Light and Price Movements Narrow Homo Ralls Sag London, Keb. 31 Moderate reallslna; from local and continental suurcra was noted In oil Hharon on the stock exchange, toilny. Shell Tranaport nnd Trarflnr was C 53U and Mexican KbkIb S U-S2. Ith "aefklv trade retort atlll nonr I home mils and Industrials ana-g-od aKaln. Iludaon'n Bay wai 3 1C-16, rtubbem wero dull There was no feature to the. gilt- eda-rd section Wench loans reacted with tho franc, and Mt-xlcans also were weaker Dollar descriptions were flrmtr In i svirnathy with New Yorli fjichiiii-o. , Change's In Argentine rails were mixed and confined to fraction?. Kaffirs were ateady, but diamonds wero bard, Oenerally. the marlttts were flabbj with trading llirht and alterations In ' quotations narrow Record Number of Stockholders 1. 1920. Tho avernice boldlmr on v.sV.. ry 1 wa,i 74.01 Bharen, us compared with 76 04 shares on January l iVnd with 82.P0 shares the year before. Ilolh fluuren aro new records and show how the Bharen of thin property are belnc distributed among the t-mall investors of the country. Pennsylvania Crude Oil at $3,25 l'ltuborah, Feb. Jl Tho principal purchahlngr companies today announced a further reduction ranrjlnfc- from in to 10 centH In the price of crude oil. Tho quotations ure: Pennsylvania grade crude, 3.36; Cabell. Jl.re; KornVrset "Thf' SJfe31 J''?.htl V "7.na. II. The price of Pennsylvania crude was reduced 60 cents: that of Cabell The number of atnclthntders of the Penn-1 tylvanla IVallroad Co. on February 1 stood at 131.713, an increase of 1(75 over January 1. and of U.434 df v,kn... i i PACIFIST DANGERS STRESSEDBYLEGION Congress Urged Not to Let Economy Program Crimp Protective Measures POST WILL GIVE BALL A Plea that the military policy of the United Ktnlea nhnll be continued In ac cordance with the reorganization nctl of June 20, WM, I ivas mnde to Con Kress by members ' of the military af- J fnlrs committee of I the American Ii-1 glon. This nn-' nouncement was made today from department head- quarters, ienth and Chestnut streets. Wade H. Hayes, of New York, I chalrmun, acting as spokesman, pointed! out that the lieglon "recognlr.es nnd In dorses fully the necessity for economy," I but urged Conjross not to influence the policy or effect a complete change of! policy through failure to provide ap-, proiirlation. I "iia altitude at the preaent time :a to protect aa-alnat any haaty action that will tend to endanger or dlarupt the program of tho military policy contemplated by Con greaa an announced by lh War Depart trent." Mr. llaya aald, "It N reallied that the financial altua tlon of the rorernment demand rtrlct economy In the expenditure of public fundi llHorU of Conareaa In thla direction "III re ceive the commendation of our committee. What la dealred ta that In making- eionomlee It ehould lie done In a. buatneaa-llke manner. k'llnr In mind that the preaervitlon of our potential military atrenaih aa developed during the war la a natural aaiet of In calculable value "The committee ta concerned with pub lished report! aivlne the view of vj-Iouh IndMduil member! of Conareaa not mem bere of lhe committee. Our rommlttee lx lleven that the pollrlea note Incorporated In the bnalo lav ihnuld be amended only after adeouaie hearlna and deliberation! and not through approprlatlona having that ef fect." Iluaiell C. Cooney, commander of I-a-fajette Tint 264, tma been attracting to the meeting! nf the poat ft. large percentage of the memberehlp. Out of a total member- ahlp approximating 200 there are generally , more than 100 In attendance. He attributes ' this turnout to tho fact that program! for I meeting! ar carefully prepared and that the aptrlt of feliowahlp has been Instilled In the leglnnarlea. I Hrhuhln-nuachbaum I'nat 03. vrhlch I of the downtown organization!, h nnunred a d.ince for March 4 at UroAd atreet and Columhlrv avenue. Herman If. Berlin, one of the active worfcer of this pout, said twlay that the pot la now free of lndbtd nesa and Is beginning' the new year with a clan alate and bright prnapcta State leenelbles Poit 142 announced the follntrlnr committees for 1021 VI ft tine William H. Darr. chairman. William Heath, Gilbert Stott and H C. Haa aon Mnance Charlea E. Rteveneon. chairman; A. J, I-awaon and Judion (. Clayton. limine II, F lluma, chilnnani W. C. Kyle, Charles Campbell and A. Klnnochlo. Entertainment Walter C. Ilhoadea, chair man, ailbert Lleber. A. M. Anciier. John Orlbble. John Taeffner and William J. Fletcher. Memberahlp W. W Thomas, chairman: A. ('. Uetue:. Charlea H. Thompson, W. O. Olbaon and William Orr. Speakers Harold Dalsemer, chairman; W. C. rthoaden and IC. T. Montgomery. Welfare Harry B. Apeler. chairman legal aid: Philip S. Stout, medical aid, anil Frank King, employment. Social Charlei nut kin. chairman, .1 j'T'nonMo!' And,r"n' K A 'rm ,n1 Athletlea U A. Murrmr. chairmen; Wll- Ham Johnaon and Klmer Wef. Arraniement! hae bin cornNeteil for a dunce tonljrht to be given bj- the Vtern Trlee Poat. No 471. The committee tn cluAea Samuel Ooraon. chairman: Itenn Slmona, A, lllrlch. Walter Dubfi Chart! McCarthr. William Chaltt. lienlamln JJ. Hlmone. Charlee Oolditeln. IxuU If. Jaffe. Dr. Charlei 8. Pchafer. Michael Maren. Loula Dlvar, llenjamln Cohen, Ilovrard I. Stern. Jact II. Bllvera, adjutant, and Mor ris U .Starr. WANTS NAME OF TRAITOR Borglum Demands Davvea Specify American Who Held Up Supplies New York, Fob. 21. Declaring that MriKHilier Orneral Charlei Q. Dawes ' In liN tentlmony recently before the ron uresilonal committee inreatigating war exiienditures "refined to (five the name of an Anieriran who was treartieroue to our (wintry while at war," Otttron Hordlum. .fculptor, who wob RHsoolnted with thi air craft iirodiictlon lneRtiun- tlon, mnde public yesterday a letter to the t'hlrajoan In which he demanded that General DaweH furnish the name. " v . ... - - w r. i .t aiai nil llll Mil ill i) He acctiaed Ocneral Dnwcs of Tylni with the movies In holdlnr public nt- teiuion wnue irimjinn nnd ot UHine a aiifficlent amount of "hell" to confound nt of "hell" to confound tne nWUIOgS. PyyEiArJeyfcPiy Trust Company As Attorney-in-Fact Fidelity Trust Company 325 Chestnut St. 1431 Chestnut Su 6324 Woodland Avenue West Philadelphia Capital $5,200,000 Surplui 6j000j)o0 Stalled Auto Burned T.Im nt iiii.tetcrTnlmnl lirlfflfl virtllftltv ' destroyed an uutomobllc stalled In the snow at Sixtieth street nnd Ualtlmore nvenue last nle-ht, while the owner, Charles Orey, Hlxtyllrst street nnd f M..a4ncMA niAn,if ll'fill In fl llpnrllV t iiaimvii, . .v .... , ... .- - ! drug htort telephoning to n garage for a ineciinnic. l lie itncnine wrnrae uniicti when Orey drove his ear off the car tracks to get out of the way of an on coming trolley. Lehigh Power Sec. 6s, 1927 General Asphalt 8s, 1930 United Gat Imp. 8s, 1923 Gulf Oil Corp. 7, 1933 Copper Export 8s, yarious P. Water & Power 5s, 1940 Hbff. Lt. & Power 5i, 1952 Moore. Leonard & Lynch CUSHMAN NnWIIALIi. Mgr. Bond Department 1429 Walnut Street Board Room Ritz-Carlton Hotel if ember New York Phllndelphla & Pitts burgh Stock Kxchangeu 21,000 iquaro feet pier Storage; Centrally lo cated j Philadelphia. Firat data dockiiiR facilities. Served by nil rallroadf. lor Particulars North Atlantic & Western S. S. Co. Philadelphia 1NVK.STMKNTH AND WVKSTMKNT ItANKINO neclnnlne Thurday evening. Kehruary 24. a course of lnatrurtlon ln Inv-atment ISanK in. of arat value to employes of In- I i la one , ttment nanklng Houaes. Security Deipart aa an- raenta of Truit Companle;. Ilank. Publlo TTtntH'.fl cornoraiiona ana maiiauKi u- veitora Mr. Jllmer O Tarily. of I'arslj Ilrother!. m-mbera of rhlludelplila Kxchanae. will conouct the course. nirtlculara on reqtieat. p uniooti op roMMKitcK ACC'Ol'NTH i. 11NANCK Stoc! l'ull TMCA tKNTKAIi I1LILUIM1 1431 ARCH HTRICrr CREDIT MAN Tnunc man with experience In credit vorW. wanted by financial Institution Good opportunity. Give particular! reirartHnr prevloui employment A-731. LKIKlEn Ori'ICK Stockwell, Wilson & Linviil Certined Public Accountants Land Title BIdg., Philadelphia Safe BondsGr Investment HALSEY, STUART t CO. Inc. STOCK SALESMEN W have an Attractive pronoaltloii for tfro rit-r1riired nlocU aaleamen. Itefereneea required. I Keplr Iloi ..s:8, Idcrr OfHce l''irtner!hlna MITICK Ih IIKRKUY IUVr- THAT THK partnership lately eilitlrr ltwrrii (leorre K. I'olte and Harrr tl. Thornton, under the name of rot la Thnniaon. vita dlaiolved by the delh of Oeorae n. Pott-i on January 81 A. D. 1021. All debta due to the lata part nership are to be paid and thoie due from the name dlacharred at 2ftSl Franitfnrd are lunnr i:. thomhon. "urvhtn Partne-. ilillMAf. 11 HAIIHIHON. IIAKIIT K. THOMSON" KDOAII I PriTT.H ' Kecutra of the estate of Oorie K. Potta -"" Notlre u hereby lven that the bunln-ee ni !".. ' 7 lT IITI " (f Jl Mri tllM . fonvenelnff. Ineurance and iita"1 Thorn"Sf w.lf ttf na nujinir and aell- e partnersnip of reaft.r h. r.n. ' ouneo dj- iiarry k. B. Thomaon lr-llvlduallv. I SrR,Jlnsr " r.,L',,,",Tvh.om'n' al "2J Krani. f0rd ,?..," i-MUd'eip1, I IIAnHT K. THOMSON' Hlb -EaHll gaaaisjM HTRUST companies care tor the investments of those who are unable to look after their ov,ti property because of illness, iK absence from home, interest in otlier pursuits, etc. The company collects the income, gives notice of maturity of investments, and re-invests if so desired. It provides safe keeping for the securities, submits periodical statements and makes tax returns, thus entirely freeing the individual from all care. The charges for such serv ices arc only a small percentage of the income. Funds held in Trust moic than $250,000,000 Robt. Glencfinning & Go. 400 Chestnut St.1 l'litladelplili For many years sinco tho establishment of thla firm ln 18CG, wo have specialized In the hltthor, gmdes of Invest ment Securities. , Upon application, wo will bo glad to write any investor, suffKestinp; various well se cured and marketable bonds suited to their Individual re quirements, if these require ments arc made known to us. Members of our firm will at all times be ready to jrlve their personal time and atten tion to those seeking1 advice as to how to invest their funds both profitably and Bafcly. Members PMIaMphiaL V Hell l'henest Ijmbard 1344-43-44-47 Ker alone Pnoneat Main 801-OS w fi to 9 Short Term t& Long Term Bonds and Notes A Dozen Attractive Isaac SendforL.atD-217 Baker, Ayling & Young JIIhKI'H W. HWAIV. Jr., -Manager Land Title Bldy. Botton Philadelphia 400 Questions Answered Free 7, Never before in the history of the United States have financial words and phrases been so generally used. Do you understand all of them or is market news "Greek" to you? A free booklet ex plaining more than 200 which are used con stantly by brokers, bankers and financial reporters is yours for the asking. Call, phone or write for No. TU-366 r f Atk far lotmrt available newt on active teeuritiee JONES & BAKER SpeciaSit bt New YcwA Carb Market Secaritie PHILADELPHIA OFFICE WIDENER BUILDING Taltphoae Ball. Locust 4780 Karttone, Ran 220 BALTIMORE OFFICE 433 EQUITABLE BUILDING Tslsphcnt St Paul 1431 Office In 8 PrincJanJ QUm ZXnaa PrtraU Worst I II 41 . i !. e-.Vt MH J w u i ..'! ' iS - a .STATE. fjmmmnmmmmmmmismmamm nd that or IUs-lands 15 centa." ' T ' ; M .., ; tvTfJtWA " " araBtaaMfaafa- L : mk .,.,!', tfi.&. M VMffit 'JM
Significant historical Pennsylvania newspapers