7 t,tV1 'y -.-iy nil . , '"rF J f7'" ' i ai'w r-' ' "" " '" i '"r?-stti" :-' v " ' A EVENING PUBIilO LDGER-PHILADEPHM; THURSDAY FEBRUARY 24 1921- 10 NEW ISSUE '"Tf Exempt from all Federal Income Taxes ami Tax Exempt in New Jersey $3,119,000 City of Newark, New Jersey 5 Gold Bonds Dated March 1, 1921 Due Serially lllmriS Is t0 princiPal or iMy "gistcr.ble. Semi-annual interest payable March 1 and September 1, in gold coin, at the National State Bank, Newark, New Jersey. Legal Investment for Savings Banks and Trust Funds in New 1 ork, New Jersey, Pennsylvania and the New England States. FINANCIAL STATEMENT .$533,474,240 .$ 55,134,200 Attested Valuation (1921) Total Bonded Debt (including this little). Water Bondt .517,574,000 Sinking Fund $ 7,540,708 net Uonded Uebt .$ 30 010 492 Net Bonded Debt lets than 5V,r of atsetsed valuation ' Population (1916) 366,744 Population (1920) 413,009 .125,114,703 MATURITIES AND YIELDS 1923-1924 1925-1927 1928-1930 5.50',, 5.375 rr 5.25 ', 1931-1935 1936-1940 1941-1961 5.15 5.05 Vn 5.00 o Legality of this issue has been approved by Messrs. Reed, Dougherty cfc Hovt New York City, N. Y. ' Barr & Schmeltzer New York Field, Richards & Co. New York Biddle & Henry Philadelphia Potter Brothers & Co. New York Curtis & Sanger New York H. L. Allen & Co. New York Thr information and figure In thv nboic ar- takttt row oltlnal reports ami otlur nn,-rr, and while not guaranteed have been rcltctl upon by uj in the purchase of these accuiitics. A GOOD OPPORTUNITY for a high-class technical graduate to become connected with the selling organization of nationally known manu facturer of building materials. The man wo want is under 35 years of age, forceful character, ambitious and reliable. If you are the man, write full particulars as to personal qualifications, experi ence, etc. Address A 907, Ledger Office. Financial Fables : "The Commuters" Mr. No-Save and Mr. Thrift came homo one evening on the same train. Seeinp: Mr. Thrift reading the New York Stock Exchange quotations, Mr. No-Save said to him: "How can you afford to buy stocks? Your salary is no bigger than mine." Said Mr. Thrift: "It takes only a small sum each month, ond .ou can buy the highest-grade investment securities on the Partial Payment Plan. Why don't you investigate it as I did." Our booklet, "Saving and Investing," will be gladly mailed to you without cost. It explains fully how to buy securities on this plan. Alan A. Alexander & Co. STOCKS and BONDS COLONIAL TRUST BLDG., PHILADELPHIA Ur.t.tont! Kiire 1011 Hall: l.neimt nUKM-I-S-l nrimih Offlcf llrldjtrlou, N. .1, 1812 THE 1921 PENNSYLVANIA COMPANY for Insurances on Lives and Granting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus $7,000,000 Member Federal Reserve System HUH Ml MKU.T IMTK i:. lunlnut anil Juniper Mrrela 517 Chestnut Street Philadelphia 1INAM IAI. Anniml Mart nita Improving Conditions A gradual improvement in general ifkt condition! U outlined in the A" 1,,Ue f ,h ,nve,tor, Review. A financial tummary it alto given on U. S. Steel Pure Oil Pierce Arrow American Ice Bethlehem Steel Endicott Johnson Recent change, in important if & W ! ou,l'"ed' including Norfolk U SR," R" R" General Motor., T., P RePtlic Iron & Steel, '" Pacific Coal & Oil, etc. Ask for a free copy JS2JS5AXJ & EVANS '"" pMla,Mphta Mock Uxchange 130 South 15th St. '"... i. Phi'lelph!a W.. m-V l!acr "9" ' Ph,U- ffi". 7 S. 82d Street '".IMVhite. Manager '''")" lift .,, J1 j t3T TIIK TOJNSVUANM' BAILhIMU llTO llronil Street Slnllon ... Philadelphia, nth Janun'rv. u, ! holdrra of (hln Company will ). helil m lurmlar. tli Kill day of Mard . IBii. i n .. . " " unvrapoon llnll la'! Walnut aired. ThlladolphU, at which m.i. and action by the Stockholdcre, thr Annual noport of thr. Ronro of nireclora for the yiar or.Ufd. Slit Dtcimhrr injn. li. i,.ir..I -j of Inn Company, ha madr whn ami an DiMcrlb-id by Hie Dlr'.ori tha q "ration ft chans nir tha data of ilia ni,.i ....,.... ?d ,A?,n,"w., ''-""en of Ulrrctora by the SlockhrtMera; Iran-i of II'. rallrod Vro rrty and franchli. a of th. fnllowlns font pan .lr now oprratcil aa rarln of (ho alcm nf ".T P'nnaylvan a lUllro.id forpp.in . to v.lf Jhx t'lnclnnaM. Tbjnon and Northern Hallway Company; The Clrvaland Al-roii jr.d Clnr.'nnatl nallwai' Ccmnun'! i-umbtr-lnd Vally and M.rtlnsburr Hnllrojil rom rny. Thn Bnclawoort Cfnntctlnc nall'vav iomran' CJrand lUinlda Hnd Indiana Hallway Compaii.t, Indlanapolla and frarikfort Jlall id Company: lunula. Ilia nrlditt and Trr mlnal Itallay Comnanj. Tl' Nw Vorfc nav nailrotid Company, New Toil.. I'hlla drlphla tnd Noi foil. Rullioad Cornpani; TIk' ( hto Conna.'llnr Ilallwav i'omv.in . I'erlli Ambov and Woodbrliln Hallroail ri)nman The Plltabu'th. t'inrln.uii'., I'hlcajtn and rti. f.oula nUr ad CVmpa.n . Tho ritlabursh. Ohio Vallry and I'lnrlnm II lUllroml Com pan : The loulh Clilcnio and Houihrrn rtntt road Company: Tl: Toledo Columlua nJ Ohio nivrr Tlallro.id Cumpaii) . and Whrrlln Terminal nallway Compani ond audi othrr nibj'rta aa may proprry be presented to the mret'nir. htockholdera mv oliLrn coplr? of lh Atmuil Report of the Company nn, th iircraniM tl'liela for admlMlon to the niret. Ing on ntil after the rlrt ilav nf Start li, lS-il, hy nfreonal ppl rAtloi, n' or In letter to, thr fwretarj 8 cfflrr Iti.om V'nO, Hroad Btrcet Blatlrn. I'll 'Hdelnli u. I.r.WIH NF'II.SON Seirrurr A Valuable Guide Book Sent Free It tells: The General Rules of Trading. The Rights of Stock and Bond Holders. The Deposit Require ments for Carrying Stocks. How to Give a Broker Instructions. Broker's Commission Charges. How to Indorse a Stock Certificate. How to Group Invest ments. Call, phone or write for No. EF-3G9 1 Ask for latest available news on active securities. JONES & BAKER Specialist! in New York Carb Market Securities PHILADELPHIA OFFICE WIDENKR BUILDING Telephone! Bell, Locutt 4730 Kajstone, Race 2290 BALTIMORE OFFICE 433 EQUITABLE BUILDING Telephone St. Paul 1431 Offices In 8 Principal CIUm Direct Prirata Wiroa Jni""?li. ' - I'HNNSYI.VANIA HTATK HIGHWAY IH'PAItTMtWT llurrUbiir Seal'd nropoHla will ha rtcrlvad at th Mule Cnilni until in n. m, Sl.ir.h It, jail, 'ieh h'ds v M he publlcH oufnad a"d aehaj. ii'-"l iM'd c n ru'l. nvnrded m soon there efir re po.ihlc f" fii'nlah'nir and apv. ma bltiimlnouH inutrrlala lo ha uanl In i e iii.ilninn.ince work of thr dapartniant. niddlns blank and anralfleatlon. and full narilculara on appllettlon t" But Highway Commlailcnir, TO TIIK HOLDKHH Of Firtt Mortgage S Gold Bond. OF Now York and Richmond Gas Company Notice is hereby given that more than three fourths of the outstanding amount of these bonds have been deposited under Agreement dated November IS, 1920, with the Guar anty Trust Company of N'cw York as depositary, at its office. 140 Broad way, New York City. In order to afford holders of thr above bonds with whom the Committee lias been unable to communicate, except by advertisement, the opportunity of so depositing, the time for deposit lias been extended up to and including the close of business February 28, 1921, after which date no bonds will be accepted for deposit except with the approval in each case of the Protective Committee. Copies of the Deposit Agreement may be obtained from the Depositary or the Secretary of the Committer. February 21, 1921. IBANK K. nilKADKR, Chairman JAY OATH. .1. 1'IIK! HMITII, kiiank it. nuoi)i:, M. SI. 1'IIKHSIAN, riAMVICI, M.UtHJIAJ.r., I' D(. AH I,. CAMrAI.i., Secretary 4!) Wnll .street New York. N. Y. A. H. CHUADLU, Counid, 15 Broad Street, Nov York, N. 3, (u NEW YORK BOND SALES Summary of Individual Transactions on New York Exchange Am Cot Oil lie r rti Atun Smelts llef'K Us V TH 1 T7'i 1 78 1 77 Am T I; 7 clt t 7Btt 1 Tfl'i U ., . 7l Aln T T t.SALKS IN JlOOfH 1 l. 'I MH 2 . .. St'i 1 HH, - 01 1, 1 81 'I I 81 'i Vm T I T lU tin fin no pr, 7" i 77 Vi A. I. 10. AWIl Tnpk A S'n l' Rja 3 70', !'... . 701, ; 701. j t 70',i AUh Tnprka 4 10. 1. 1. 3. II 771J 1 77 "i AUh Topelm A S t'a ev to 1 tlR'4 4. .. US', AtlnntH Knox Mile i C 4i 3 71'.; A nail t. ell 1 71 H - 71 H 1 71 All Oat I. 7 1... lOL'tt AH v fruit 7a : o AliiuHic K.'f'i ct (1'ie I. Chlcasn L Nth IV'n U'.ia wl i nou 1 ... ODU t flBU i nt' n... . oim Chli'ako tt Nth Weal n 7a 2.... 102?, I.... IO'J'4 Chi Itallw'a Aa 1 0 Chlcaun R ll'd I'ao fd ..... . nr 6 07 1 U7. 4 .... 07 i t 07, ClIK'lUO It II 0 ft t'ao 4t 1 7ll 0... 70 fill fil I. ei N U Mam d t 73 (hlcaKii Union Hta ct 0',a 10.... 101 1.... 1U4H I.... 104 fill . W 1 18 1... . CI". ICIillo Cop'r : 1 7SH If... 1.. r. . t.. .. n. 4.. t.. ?.0. . A.. 1. (0i ?!". I..!', rruj i'i S !l!l'i tin 4 im'i POH nin, 00 Hall k whin c ft... 1... I... 1... t. . . 8. t;o on r,') i;n 1.9 r.o nm 10 i,o Jap Hunt it 2 . f.2 1 Hi! fi. . K 1. 82 1 I... 82 t Ja Muv t L'nd 82 2tt... R2 1 82 B... . .S2 Jan Oot't 41 1.. A . 1 tai. r. . i t,'.. r... 4.. II k iln.o .lt' a. ... si 2fi... . S2 1.. .. 82 .1. . 82 3... . 82 6 82 Halt & Ohio 1s 2 oan 1 .... 08; 1 oatj s oij nail Ohio a fl flRV, 7 084 n... . av 1. . 08U 1... . MM 1 nsv; in ns'i Halt k Ohio ( 4 B!l 1 .... M r.. .. 8!i", 4 SO'i 1 SI) 1.. ).. 1.. Chlneae Uvt ."a 1... 41 Cli irnc sa 1 niu 2.. . Ill 2 . . !" 1... . tM I'lly Con ft' 4 72i 1.. .. 72", I.' N VI. 41 'S7 1 83 CHy I'nrls tn 1 Ort B 00 3. . . HO a pr, liii 00 tt Vtl'i ftd'4 nn, no oos tm 110 1, mi', mi'i, (101,1 on no4 or, 7 no-s t' .until nt 1 . .. fit". 1 II l, 1 04 1 CI llRHlCTd Cln Chi X 08'jl HI t.o 0a est1;! 2... . s,&K 1 . . . . S!) !! M'-i 1.. . 81', 1. . . RS'i Com d Oaa 7a 1 IIS' 11... 2.. 10... ".... 10... 2(1 . . 3... 1 .. :n... 18.. 02. . 02 f. 03 03'l tl.l fi.1', 03 M 03't 34i n'i, 03 'J flV. 03 'i (13' I'a tl Bin 4'3vSt Tv HoWn br.V K of f Urlt 2. . 80 1 . 05'i I'd J87 A 80 1 . 0.1 1 I'a ft 4',i '21 1 6 113 I 1 1. . OH St I' SU.MX I I J'nnm II It 3i I City 7i ' 1 8R'4l 2.. OH B. .. 8S' I . 88H 1. .. 88Vi l'a III'. (J'.jH m-I 1. 3. Han O I't H A. Mtmp 4., 2 OH. Kan C fc H 3a 1... . r.l'i 1 34 'i r. ni'i s ' Knn C A S 3i 1 73'4 fi. ... 73 B 1 u Vi K U T Illy H 13 71 1 71'i M) 71 i; llnlBluir r.i S 8!J K Melr'rn 7'h 1 00', 1... . US'! lieiir ni rcti P' P8'i (M'i IIH'i US DM 08'i PS'. II!) l Ptl'i mi mm nnn im nnu (Ml', on i, PO'i in '., PD'I !ip, no pn', in)'. t n It (t 0',4 1 nnu in 00 -una It It If 0.... 103 2 .. . 102 (t 102S 1 . 102'; IIM 103 103 I'll 1 1 County cv 1 nm 2 .. . PI 'I 1. ... PI' 1'itl f.n Chi I I .! I. a 3i 1 .... 83 IIim.iihi: Hv i J. . . R1S ' 1ln.....l... ra.llA 81 l 20 PI B 0') 1 0!) tlfii Cuba 4'1 1... . 00 1. 1. 1.. 3 3.. 1.. 1 . 1. 1. ... . ()4i Han Antnnln i A V niy 4i I 1 t .1 J 11 A 1.. 1... til HU II 2. 03 03 33", 331, 33 . i'i 31 M 8', XA 83"i 83 'j M II- 47 47 1, 17 47', 17 , 47'd 47 ', 47'1 47'4 17', 17li :, r 1 - 47'; 48 47'; 1 Cuban C S cv 3 83i, 2 . . 03 V 10.. .. 83', 1.. .83 1.. .. 831 3.. .. 83 Cuba n Co 3s 1 70 1... . 09',. Del A Huil cv 1 81 Del A IlU'l 71 2. .. io.v; 1.. . IOT'j Denmark Con II et Sa 13 PS 1 0' 4.. . OS Dalt A Ohio S Ieii A It tl M Weat'n 3'4" 1 77'1 H . O Tol : 1. 4 Ilei L... 102'. ;.... 102 I 10J I 103 :. . . . 103 Beth StMl fil 4 82 '1 Heth 8 fix "30 1 73i 1 70; II Copper K 0a 3 82 II U i: lat ta 1 C4'4 HrKsn U C) Sa 1 77 Canadian N'h niya rcti B 1 . . 1 . . r.ni 1 .-,2?; a ... CI It).-" . ifle 2 ... 1 43 40 40 r, to; 40 , O 4' 03 '4 Klnailmii nn. mnrk ct 81 4 P8 4 08 3 ... !"" 1...'.. ORU 3 P8'i 3. ... 8 K nf Italy OVi B 82 8 82 C .... 82 Kingdom Nor way ct 81 s mi'i 1 P9'4 in no 10 ni)', I 2. . . . OP I Lnke Hhulv M K 49 '2S 1 84', l.no Shore M H 4a "31 , 1 .... 82 I. VT en 4..n 1 7814 I.ehlult Vi'y o-i fM I 3 OH'i I A hbrea Bi 1 81 I.orlllaril C 7 3 100', La A A1V1 :, 2 OS I. A J H'lse la 1 07 2 08 Iin A- .Naah 7 a I.... 1'l""a 1 103 .MIchU 11 Huto Tel Co fil 1 8S Minn nn Ci 1 P0 Mln A St I. 4n 1 41 1... . 42 Mln M 1" A S Kio M la 2 7n. .Mil t; A T 2nd 1... . 37 ;Mo K A Tex tl 1 B0 1 Bll Mn IMcinV 1i 10... . C4', 1. .., 84 1 BOj 10 B4'4 Mnnt'a l'vr Bi 1.. .. 81 1... ainii u A 0. ... 0. 11. 20 .0. ... I.. . 1.. t!!' '. 1. ... o... . 0!!!.! 4.. . 1... . r,.. .. S'n Hell Tl ,ii 1 SI Bo'll Haclflp M 1... . 71i a 77 7 cr.-i! 1.. .'. 70. 1... . 70 s.i n I'Hiinc i' 1. ... 71 1 . . 71', I I .. 71'. B'li I'ac cv t 3.. .. 78 I .... 78 1.. .. 78 0 78 fin I'ac Term'l 2 70 S :i Ilulliv'a U 1 M .1... 3S 0... . 38 HiHml 11 U11 u1 Calf rcta 1.. . 101 , .1.. . 101 '4 3. . 101 1.. . 101 I... 101 'i 83 80 U S Mix 4 8.. .. 21 'l 3 24 U d Mexico Ba 2 . .. 40U 2 40 10.. . 40H 0... . 4',i ;i7'l Unfd J'.w'a Co 37 (if 8t I. 11 STOCKS ARE GIVEN LITTLE SUPPORT Specialties Yield to Prosnure. Initiation Is on Selling Side 1 40 U H Realty A linin't Ji 1... . 84 2.. . 84 1. . 0.. 81 2... 84 2 . 84 I- S Iluob r Ba 0 ... i't 1.. . 78 2 . . .S .. .. 78 2 . . 78",, 1 78 U M KJb 7i 1 B.. I. S.. 10.. 1. 10. 1.. P9i 00 . itO',1 nn 00 no. onj 00 2 .. 03 i:r'c f r. mh 8. .. so llln (1 A W 4 2 . . 03 Illo (Jrand A n clt 4i 1.. .. 31 tlOOK lltlrl A A Iiui'a 4 B. . OO'. 2 nr.'i 1 on 1 00'i'Te.x A I'ac lai SI ! a d I' 1 1 80 1 . . B'. Thlr.l Ae ni 10 . . (13 I 2 30 ' . 0B"i 3 31 or.'iflldeuntcr oil 03 , i"i tt 0i 0fl' P0 3 il .. (111 fit 1. . a 1 1 n. . no-', 4S Tn'edn St I. A 4S Wrm'n 43 47 2 47 47 ttti.un I'ac cv 47 8 83. 47 '.. .. h3 48 r... .. 83 ; 3. 3 . . . 83 i 7 8. ... sa 474fn1pn f'ac fd 17 1 1 70?. 'i 1. A si 1'iui fnion I'ac 4 Se-ija A ft nn 1 01 I I. ... M)i 01! 1... 801i b'd 3 Hteel 31 4 .... P3 2.. . 04. P4', P4 (14 . IM. OB 04, 04 04' ftali I' A I. Bi 1. ... 70 3. . . 711 78'V It. 10 r.v. or.', 1. . . 01 b . 01 1. . 01 in 1. A ,-i trim uerea D IS... . 7-' 2. . 72' 1 73 fit 1. A S Fran Herlea C 87 I.. S t'n'o.i pa? da I.... 100 0 100 V U of O Urll I'd 1P2I 1 03 r. no n b on 0 U IC uf (1 nn A I'll 1022 1 03 a.C (.' I B. . . 0 . . . 10.. . 3.. . B. . . I. .. 1... . 1 4. . .. I " ns P3', 03 ', 03 03 08 0.1 '4 o:i. o.t orli. IVIi. LM.- 'I'he p nrl KvonliiK Sun'i ('osins llniinriiil rrvlcw todfl.v miii : Tntlny'a "trick ninikrl oinn wn (illtr tli-voltl of iin.v rrnl liitTct (iml ily. All thr Inltlnlivr. little u tluit was, ivni un (lie .ellins side. Ilicre linvin; lie n no effort at support tvluit ever. The rom't rni 11 reiietlonn-", uinvetitenl of ri'tlier Brentee coim thmi Iiiik hern 'if nr-t.nl of tnte. Tliev vtie rlnlliex orbIii .vleldeil inn-l n-Hilll" tn Iire-isurr nml 'liis iviix in ill" eml tin offet I mi Hie sdimliiril sluue willed liltliertu lni" -.to'jil tlii'lf groiinil In rdo'I form. Umleil Stnt"i Steel lot 11 point ' more. Mnlilwln I.ocoino'.ivr wns 1I0 11 - point v. Com l'rntliift". ltelinlng nlmut tlio .nine, United Slate Itiililn r olxo. In fii'l, the .bear seamed to enneen trnie largely on tin- riiblier nnd tire lisui'4, pnrtieillflrl,v Kelly- Springfield, wliii-li w.in qulekly pipeneil down more tlinn ." points lo IHnw 10. Ainx Hub ber wiii nlwo xiiiKled o'K for nttm-k In eonneitinn itii Hie net ion of Mm di rectors in paihltifr. the dividend. Allniitie (Jiilf dipped " oiiif - or t1ierenliriit. The dliKtnr will ni" Ilii nfternoon to Hike itctlon on Ilie preferred dividend, if tlmt paymetit lmii If! bi cut or ellniitinled Hide would be leant cIuiikc of the coininnn divid"tid ("ciiplnc 11 'Iniilor fnte. 'I'lie meet Ins was ftrhcdiilcd to take plltee nt the eloie of the tnnrket. The price of the com mon stock Miiettinted broadly. l'nlt"d I'filt. Senrw-lloebiiek. fioodrlrh. Allied I'lie-.iienl, Ameridin Iiiteniiilioiiol. Ilie tobucon. (JicK-rnl Asiihnlt. I'tnh Cop per nnd u seore of others were -duglcd nut by (lie, bear trader. (In the ofh"r linnd the trarlii.n i-hares did prcttj ell on the stietmth of the teit vole In the tnte I.ei" 'inure fitvnriue (Jovernor Miller's plnni. Centrnl I.eatlier and I'uiiioiih I'lnyer. I . U II I'll n..l,.Mr .l.n r.. t.,.lt..lil.l..l ntn..L. p., ( .. (..'.I,, ,,u .... 1111,1, III' 11,1 r.,i,n- 40c ( re(m 30 1732?. Jtumeat p- lair Htl'lnr llltl "3 e,d 73rH3e IV.'JSM rriCIT" ni u 1 11 s! .1,1 0 (1 'nip. I l..i ii, it. ,. tl ' 7.K (In ( a I fin 1 1 ir he. 3 "Ml !,) (1 t f'-u'i I hi 11 . ij ' , 11 Ji' Hi T .ne 1 11 I Im Oh i' li.i'f Im. '((.80 criinlierrlei t'ai inn n 1 h . JHlWi'O Htrnnhirrlci I lorlda .' ci 1 .BB0. KlL-rAI'M'"- IVIKIe ro'.it .... f 1,1 . an a ner rwt. rn'j. HOiVI' 13. fa'- ,ne.. 73fil.. Mill potatn'e le m n ini'hel h i-ket- Nn J(i,r,M) Vn. " n f.10. S I'et toll 'iee ,fe-e x ' '!. Ifi--'!'i. I ll.1Bf Mil S.i J. -imi 7'.c Mveef ivitHloee -'njtlii'tll n - I rm.i ---.Nn 1 l1.7BifM.H-, .Vn 'j 7:.Ki1 ...Lip. I -r Inn. 8'fI1il ll.il .Il I, r Kill I 11 , 7fi' '(Ml 1.. Il'-ii mil. 11 hi, I 1I".- airoti oh, i il. Jj -.ii " " 1 ! MI Spruce 8200 J : II A Nation-Widc Market to Liberty liwl iclory XdU'N mill Trcasurv Ccrtilicaios SF.CUHITHIS DEPARTMENT Commercial Trust Company Member Tedcral Rciene Svilcna City Hall Square Wcbt Service and Stability tls Your Right to iininr our own h.r-cuo-, but to solctt tin Inai-iduiil nmy prove n irrcn'. wroiiff. S'nfcly nnd wisely lian iliinrj nn estate ckirandi experienco and ealis for I lie, solving of iirobk'tii-1 that one iliould licitulc r.bout lcnv!nsr to t'ic dis ci olion of .111 imlividiinl. 'Ilii- company operates perpetually, is never sick, in never too busy ?nd never take a v.ica tion. Il has no sclflJi in tcrrs's and h nbaolutcly impcrlinl. Our OflicciN arc al'vay at hard to meet ecry responsibility. Integrity Trust Company Fourth and Green Streets Capital . Surplus & Profit U . $500,000 .. .$1,770fiOO i v liieli diMpInyed unv cotiNtruclive ten deney. The' rails were neRleeted and a iiit heavy. The ndvnnee in the price of niRiir was without inucli effect on MtRflr Ktoek VtllllPS. TJiere leinuins ju-l enoiich douhl about whether the Winlou Ton neiid .11 . ,. . . , Wn I'acine lei 1 '"" "'" "' MK'ietl Dy Cie rreii'tnt to j... si'jM'm' '" " deterrent influence 011 niil- Wrat Hhore 1 loud prifcl. nil illflil"lli e Miniewllllt lie 3 73', I centlinteri bv continued itnieae In the w tn.un l'i inimbet' of idle frelcbt cm. .New reford low price for mtton wet Vn Itnilvr'n Ji U S.", Va niy I' :.' 1 01 Vet n Mn 4 1 .VI ' 1. . 3.1'. fin W& i:ilf7e ,. , .,-.. --.,:. PHU I " 11.. .i ,111,111,. ii. 1 .inn nuii- iiuij-r 1111 ' 2 flt I 87'jlu iv ot i) Urlt St I. bovr'n rni t fj joj'.i 02-1 1 03 I SS'i SSr- 3. 1 4 I. 6 3 1. 10 B B. 4 ft. 1 1 1. 1. 1. I Wlla.in Co lt Wla Cclitr'l Ii . . .il, 1 : (.. ii. 1 ,.i .. I m't 1 ii-iiim 1 mn un ei oniiiiiii' i iiiii:iiioii.. incre. iosi;i'nc. in truth, nothinir whntevrr lo in pie, , ihiiv the public to fake a Imml In Lie, dm. 1 trailing. Were any nut-ddcr di-oio-ed , 0'ito do so. ihe advice thej leceived feoip I osy, 1 nio't brokerage lioune. to ro short . I JJJjJf itvernlflit developments with re-pci t tol j.,J the rrlatlnim between labor nnd the op. Oe' , I'oueiits of the unions wete not at nil., 0i, r"iisiirhu:. Kverj thing tended to em- I pv; 1 plmslze Ihe nttltmle of unit'ns f Pe', PS', Hi Rather Unusual I We offer an investment that possesses the following featurei: 1. Total fixed c Ii fi r g c a earned right timet over. 2. Joint obligation of aiz companiea. 3. Coupon rate 8. 4. Can be bought to yield 9.70. 5. Hat atront Sinking Fund. 6. Con"irtible into 8 Pre ferred Stock. 7. Readily Marketable. trouM You I.Vr lo Hmr Hots A hour Itf Frederick Peirce IKIM) loa & Co. iKr 1IIZST 1421 (heatnul strt. I'hltailelphlit D'ur liut.ilini Is inertly a mallrr 0! fciwidw n,kte to buj iour botui Q siiiiiclhliitx to turn up. LONDON STOCK MARKET n.v; ns'.j 1 .. .. l'"' i ru..n,. i n.i.. I... ... 11 psi. ' M",llluVB ,M 1 ' pi.c imi uvv numc Ralls Heavy Oi's Firmer 08 'i 1 !.-. !)e Molnea 1 rt ds.i 41 1 41', I) Can B',i '21 1 .... 00 B p t'linaila 'J.iim f l x n"j 3 0'.' I ", Cfl O" Camma '"li.New or Tex Pli 'eilc 0a 1 . . P I 1 1 Pn Camilla, '111 '-'B HSVi Ei.. n-:il ' -! 101U 1.... 101 'i 1.. . 101 ; '.'. .. 10m 5 . . intu 1 101'; i. . 101 it: Cll I'aclflc lai 1 724 a 7SH 2 72i 72Vi 72W B 72' Hrla II 1.. . I 41 U 41', 41 I 41 iv A 1 1.. .1 . .-.', 04 03'n 0.1'i Of; 0.1 'i 0.14 N V Cll en 4a 70'; IIHiji.N- Y Cent'l 0a 11. ,. it n ns'i BR 30 3K' tv II IlH'i so - Centl I'ao 3'i 1 78; Ch'U . O ma 2 7B',i C S O cv Via 1. ... 7BH 2. . 73 H 1 . 73',, 1. .. 7ft'. 1... 7S'l 1 7B; C'U t. Ohio .If 1 02 C'k 4. O cv Ba B . . 81 K B . .81', v . oii 7 .. Sl'i Chi fc Alton .14 3 44i 10.. . 44'i 1. . 4 j 1 13 C & Alton 3'. 3 37'; Chi U i. Q nm 3.. . R0 10.. . 791: d.. . . Sl'i (I'I 'Irunk rets Chlcas-o nurl'n 5.. . lftt4 Oil S'da I 1. . JOI'l 2 71V 3 ... 101 'i Chi II Q 4 3. .. 101 Krla Ity Co 4i j r.au K ieraey Ua f S: lOeiil i:icc 3Ha t 00 dene' I Uleo .1 a 3 fcS Oenil Klec 0 1.. .. 00'i 1... . 09 2.. Oft'i luit l' It rcta, P7', 1)7', PR I 07', PR OH 07'. 1)7'; PT'. P7', 07 i 07 'i 1. 1 a. i K 1 1 I. 4 1 .1 1 (I Hwlu'd tf 2.. . 102'J 2.. . 1024 1 103'i tOJH 102'.; 1 1 1 1 1 N' V 1 C N 111 ', 07 'I 07', R'l rii; so. so; mi; a rcta . ion; . 1011, . 10m . . 101 Cent'l M Cent' I 3'ia 10.. .. 03'. N T Chi A St I.oula rt 4a 3.. .. 724 fi.. .. 72'i Ts'ew Y N JI Il.irt'il fla 1 eoi; New York O k Went'n 4 2 ... 04 N Y r.lya ct 4 a 2 .. B N V 'Irle'n m 1 eP'i S S.t'i Nw Tff C Hoat 44a 2.. . 89; 1.. . C9i NfU . Wn ia 7.. 7rt 1 . . 70 S 70 2. 70 NfU W cv fli B. IDS'; 2. . 102a. n ... ma North U'ntern Dell Tel 7a 1)64 I.ibei'l.v "' , . Liberty :M"4h. .. I.lbert.v 1st t'i'... I.ibrrt.v L'd Jiis... I.lbert.v :id 4',s... l.tuerty Mh 4'4S.. 10. B0. 1 B 11 1 1 H 07 ','0 Nth Illy lat 11741 2 81'. 07'illua i Man td OS I. .. 04 . 074 4 ,.; 074 1 04 K 074 ' 1- B34 PS Hwit r. Man In 5 it: 00 ; t)BJ 004 non Pll'i on'! P04 unit PB'J p4 OIJ'i no; no 4 (mi c 11 & 0 II 4s. .1 6 si 4 a .. . 314 is 3. 81 4' I 31 , (I 2 8141 a i'i 1 1 8 J 1:1 . 31 11) Chi U W 4i 3. SI 4 2 1 . B14, II .. 31 'j' 2 I . B14 . 8141 2 1 f.l'i 2 31 ! 1. I .ril4 1- . 314 sn I'm Id" He 1 Bl'i'lll Ctnlial M . ... -41; 1 BI I r. 784! 1 nil, Chtcnn Mil 3. . 7B'.iN n I'ai.ni' la wt 1- it 1111 Ln 1 4a '(ID, B 7fit; n, till 'J 00 4 OBI, m.-ii 1.0 !U. OS lll.H'J 1)1. '' Mi.stj .sr...-o Kts.riU S7.2S R7.0(! S7.2H KU.7II .SO.liO M'l.tl.' fiii.on mi.hi; sn.yii ST. fM) Kf! .!! til ill iii'inry ote.s.i--4M 117.10 D7...S (17.40 letnr.v Notes 4it, f7.-JL (I7..TS 07. 1J GAIN IN D. L. & W. INCOME Drop In Operating Income Attrlbu. ted to Maintenance Expenditures Tho statement of the 1020 operations of tr-p transportation proportv of tlie lie nu are, ljicl;aw;mna and ' Weatern Ilallroiid Co.. Issued at the annum meet ing:, was nt flrBiKlnncondlsiiiipolntment but after analysis compared quite f.i orabl n-ltli the oueratlng results ihonr In the ptetcdlnc jenr In the Btatemcnt net rnllnav ooernt. U1K ireome ror Kim j-car was nhonn to I ..1 , ,. , have decl.ned 45.S4 L.4 77 to S6 104 8SC po,,IN Jccj but ill's was due in largo nicayu.V to the ! "c ""Puilts lt...ren ...v.i 111.1 inn iuiu ni-iu .a.- 11lt,,u2J mora for maintenance of nh.v nnd sttuctures unit ? 1. 375. SI I more for maintenance of eaulpment than In the nreeflini ...-.- The total of these flfirurcs Is $6.872.Si2 ......... ... -...,...,.i..ui; uiuic man tno drop in net. The Mntoment Ehons that tho com jinny enjoyed 11 11 Increase of $1,172 361 in ttivenuen from the. trantmnriufi,,..' .. coal, the total last vear hetno- ton 4S4, while there waa an Incrcawo" in revenues from the tranannriati.. Lt London. JCeb. 24. But'ne . Ik secui . lies 011 the tocl; evehnnjer rsmalned frn'.urcles todev The iii.nt.ets lu-w -tPttd .luil i-liiiirRs in pi a -k weiy tw rnw. tiilt-eil'tf 1," - .n-i, f nerc ouir' end 'itcBU'nt To:-. an 'nms wer.s wenl.er In "puts. Ill -. i.isi ttij v it 1 r i.enrlotis ',n foreign c:.clmniie M;. canw also r.'netfrt ' Home rails were luuv.v iv.t'i lin-Ners waltlns for news on th promised dls ciiFdlon about the Ko.eniiiieiit'n railwav flitNnctne. Dollar descriptions wete not act.ve, hut held well. South American rails uore dull ' Industrials hr.rj a poor tinrlri tono I Hudson's Uny wn :.',. K.ifnrs vcre maintained. 1 Dealings 111 oils wei,. amall. bit tli , Kroup was firm Me:.-lci.!i Kasie ua' "1 0 1 tl ' ire arc interested in Portland Ry., Light & Power Co, 5s. 1042 Huntinsjton Devel. & Gas Co. C. 193G Tennessse Power Company 5s, 19H2 Caddo Central Oil 8c Ref. Corp. C, 1930 6.aiaCfark$e0a UAi.aUkiW ttcn'bti'S Sew York and Philadelphia Sloe: Exchanges 321 Chestnut St., Philadelphia A REAL BOOK OF , GRAPHIC CHARTS Covering the price history of all active Stock Exchange is sues has been pre pared by us for the use of investors and traders. While the edition lasts copies will be eladly sent upon receipt of 10c in stamps to defray cost of rnailinf. Writes for Q'10. GUTHRIE & McGOVERN Mrmhrra rhlla. Stock Eirlianx I ISO South Trnn 8q . rhlla. r-nrurr 64 10 Knl SASC M rv Yurii 33 HroaaTwar Bank of England Statement London, Tel). '.'I Thr vceU1 Mate infill of Ihe fianu of fi)Blnrd shov the fcllowliiff elmnsea: Total rcser e In-) crtii'.vl 151.000: circulation decreased, 112.000: bullion Increased .M.0i . I oiler secuii'ies Incu-abed '0.019.000, decreased J,7Sn.O0. pub- scd flit. 000 ; nous e eone hicrii.ijd flia.Ooe; jroxoinnien' securities decriisei i I .182,000 Tin proportion of tha bunks rcsene to lla- ?l'Vli Hn4,,9D ler,f"': Inst weel: it lfJ. ' 14 5.'. Jlatc of discount. 7 per cent i ii Philadelphia Marhcts ' , I ..:,, T '5"' r''1" " V' I'Uahi-ls. M.i- freight of $7.215,721 to S40 1H" -.60 ':":r-Su -j, ,, , lr,r nh , 's;, ' 1'nssenKor rtn-enuea also Incieaied it - ir.o'.. Juf-i "V".' "'fn.ii uth. ; ' 4S7.72D to J13.S6S.517 from 1319 "bums of Jlaronnla J Ml' f?,'"T"'S ".' '",lu" ' In addition to the lncrea "Kadv Jnit'ri jtS!"i wh-Mi' a.'ur'.,1,, "n.," W '4 mentioned In maintenance of vav and vl,Ill ,.' vniu -Su - N" : r,.n ii, , structures nnd equipment Cie Item of u",J(',ri-sLr7r'vf.Acf,"-"K l ' 'u """ transportation excuses Incrcnhed J . nV iV.v""1 ,. ",3 ,,'"i ,',u','1''- V'-t uoj.yii to a total of M0.105.SS! In 1926. iUr-v... j UTio-. N-fts-i.. ",,' ",, I 11 a 1- 1 DIVIDENDS DECLARED Ainoi nn iobairo Co.. unarlurl- of 11, par cini on prri.rrfil uayablf Aonl I in ntfx-l. of r-.i-n, Ur.-h 10 CVi !i '" . luurti-rl- of 2 n-r "nt on com mon anil I'i pr cent .in pri-ircJ boih uuv ahlc Muri li 10 to Block of record Kubruari hoclie!"'- and Svracuae T.allwav Co.. ouar. ttrl: of I nfr cant on the IS sno.r.OO non. cumulative nrefrrd. payahln March 13 tn toeUholdars of ri-rord March 1. l.lcft( Myers Tobacoo Co.. nuartanv of Hi B-r crnt on nrafarrfrt payable April 1 to ftuc'a of rec.nl Marth in. North Am?rl an Cu,. cuamrlv of Dfr 1. 1 1. Chlcaso Mil Ic Ht V 4a 'S3 3 -tl'.l riilmiu Mil i. 8t I d 4a 1 (10 ',i 1 uoii Chleato Mil t Stlcv 4 4a 1 S a ep 6... . 08Vi nilcato Mil 4 SU1' fd 4aa 2.. .. Oil, 1. . IU (i . flP C'hlcazo Mil & Htl cv 0a 1 . .. l . . s; I ..89 0S 1 T0V4 0fli I C Mem d 4a M!il 8 lilt Mat ct 4 f.. ... IT ft. ... 17 Initial- 11 T fd 10.. 23 . 3. 4 n 10.. .-.4H .11 U 54 t At 114 C4 St .14 lot Aa-rli-ul't'l rnrpn Sa 11 TB I M Marin At : SOU 3 ROIa Iowa Cent'l 4a 2 41 town Cent I na T. ... (13 1 i C. 7.1 North'n Sutra Power Ba t. 70S 1 77 I.. . Tflil Orej A Col n 1.. . t-m, 1 SOU Oregon H I, is 4 70 U 1.. . 70l Oregon 8 I, 5a 1 00U Ortr. Wn n Co av Co 4 a i 70U t 70 Pac (I I K fn 3 TRIi I'ao T , T jij 1 Slil I'a n m 4t 3 87 H n.il.na slzrial Oil Co nut on preferred yant' Mmcli 31 to atock of ricord l'bruarv 28 t;nite'i mates urium 10., nuaritriv 1 par trrt on romnion end I. per cant on pr(trred totli pat able March 31 to atock of reemd Ma rih IB Tiorca Oil iiuurlarly of 'J per rent on pre ferred, nawWe April 1 to stock of record -March 10. Contlnnt.il fun nuirtvrlv of per cent each en ru.nmon and preferred. paabl Apr.l 1 10 aim-It of record March 10 llallwa M'el Siirlnt murterU of 1J on common p.i-abl- llft-eh 31 tl rtork of rec ord March 17, nnd 11.7.1 o-i preferred pay. able lar.h Jl 10 a'Oik of rtooru .March . NEW YORK COFFEE MARKET New Yorb, l'ib. 21 The 1 offee fu tureh iiiuiImM opi'iied urn-hanged to a decline of .1 -lolnta, brokers aelliiiR March and bu.wiig tho more dittant po. sltions. 'I'odny i first notice day on March rontrnet-. und what notiers were out early thi morninR were i-nid to have been readilv botiKlit by iutrresta who hove iiso'itly bought Mnrt-h nnd uld later iiuaitton at prnfltahle dlf ferenefs. It was estimated that un to midday fully 150.000 noticed had been sent out. The market wno active, prices working slightly below Initial tiguren, then taklnc nn upward turn of o few points, with heavy switching of March to thn later month. There is a feeling thai, with March out of the way. the market will be due to ntcody up. Pr.l I nma I'I. IJrch fling IA Al.lVris May AlliatA'l aatMa. l" . 7 0aitn1 7.0 i0" Saptamber 7 I2W4H 7.AAW4S Peccmtcr 7 fiOff Rl 7 73tT8o w 6 to 9 Short Term & Long Term Bonds and Notes A Dozen Attractive Issues Send for List D-2 17 Baker, Ayling & Young Jtm.l'll IV. SWAIN, Jr.. Manaier Lnd Title BUg. Boston Philadelphia Helping: Investors to Felect suitable secuntes is the primary duty f a reliable invert ment hanker Obviously sunh a rcrvice can be. rendered to the best advantage by banl'prs who own rnd ofTer a diversified list of finvcrnnicnt, Muniripal, nailroad. Public Utility and Industrial I onds and notes and a selected list of preferred 6tockn IV-'''" for oil' fmevrment Suggestions So. L-19 A. B. Leach & Co.. Inc. Investment Securities 115 South Fourth St. ' J e'cplioi'c. Lombt'id So7 Gen. Am. Tank Car 6 Series 8, July 1, 1925 HARRISON & CO. ItAMtKKS K6S0UTH FOURTH ST., PHILfl. .Uet brrs Veto York and PI, adi fh a Flock F.jrcha ,jti i.. . v nin-iipiiiipn 1M0.1 li.jl -in Mi HUli'l l A? lulfi hh fl) On ,i, . V'o ,n.' . H'.i. v .-. wh.io .,.-, if ;,-,i. , ' l IH I- l..lfUif :,)rt , y fiI7 I s ,n hi,. Ii- iji... - ,. luot.il o.i 1-er I rt iMuml i' bn- ; Hhii- N.l i .ir i I 071 "aU. Th. inn l.'-d in Un. I'DuniH jtuc ncKo aif Minlt-r Mrnlif,n hanl 'slrit.r airii.htr IB Im an, do lioi ' I rajer- Hi.r,o0.7A aprlnii Ural. , Iwr. 7 I 7 7.'. do l.Bd-lK. JO'iJiO.L-.-l. ,lo. aho-t iiaiV-ii ' III 0 IJ.Sd fanej . ayrlnc anfl oil m M U- ' liny l 7.1 Win".-.. """' K' ' PUOVtSIONS Siradll: hllri Onnlul a.. - lifr. in l. anitlL'f!. .nd jlr.Hn.J m Mareli i'j "Cor" rrf,K,VV'U1" n0t"i.lri amdied and air. ""A'SW'c-h.mle.l .,! n,e Corp. nu.rter.v' i'u'ti Vfr j'.&JM F" ' of 1 per f-nl en r.referie.1 p.uvbla AprU Uj't.-S ; To, dn ' smoVit'i '4rSK 1"" 1 to atne. of rnoril Miireli 1,1 bJl 5 loii' m V,. Si " T V-' huma Calmnr. ami Arlor,i Mining Co dividend curat' SiV 18c8 d'-.oKediS'Wu'lJ:- fiiinrtir v 9 -. iiitti-ii .i.i v a i ruij -r n flimt.il 1 I riU tc:U inckMl i fMmi t .... I.. .'. i ..J'T .14 ,.tf..." n l '"" Pat' ;ii. ! vcirlnff riHMiH fL ,,:A mn J V'tfff, (ill , in ain in i'i. iiu i. ri - frt j .. - ,. . c avie,, .reamcVV. c-V.W u't, n' X ?, ' ;.'"V0 4."J- i-'8-1-V- "rmH Jobhni , I Lbo'ee "" "'1J '''uv '" f-lr "o Kl!i!S - I'lrni iii cl h hr Qiotaitana N'rinl. fliata IUr per .loam- n. ...... ...?'. i reipia. She iijhtilli. vx'r.i llrl ml. i. I nin a.'-. Inferior loi-i i. vn; i.oiith'- n riIfc.r.H.5 r.milv bald. Quotation!. S;'i!.T-7'v,,f-S;u ". ''r la Vl.'" ata HM'i' 'i- ir ii , liritll, aii; (I W PENISI NATIONAL BANK February 21, 1921 ASSETS Immediately Available: OFFICERS ' as'- ,inj r.e- -re j. j.Hj.j V r. nAKKIt i:.Ni-aii(reN lu- Trealdem i Ic.iruie lit, i., .;i-.;,d, .. ,, .r.,, 1'ie from none- M.n. w.uto Hpondtncs Ii , Sl laahler 1- ilfllilw I'jpri " II f. HF.IT7.RT. I' "-.uunmble in ail3tnnt Caah-er I 'erul He. tiviHB I S ''erdflcj-en al ant (.aah-er (j rtu-'i'a . :iis3uii ii.o rui.iiK.urs . Aasltant Caablar $14,262,600.36 Other Lon and DiicounU: una .vir.ii ,c n frea'i. '.'Sit-'ni.. e- an cl . I.IVE POl'I.TnT Ken a fa--' rt ua, jwaiiim. SJOSdci amall " . )'rior' JKfSac. vim, .rshorna tn.,,,. 333?c' arln chli k.ni l-rollera 8is,. ynun. roo-u.ra funo Mifi.inaiteU ,ir.i3Sr, ,' aUiae" jcunt- rooa'e-s --'7ilie.. eld ro.isii.ra. "tt M3c. ilueka. hlt.. l,kln. 4SO8c: n l j S8.W5i,.P.1.in. rr plr isnorx-, ' fc "' wnr.r.er.1' i-in'i.j'KT ro a fraih-Wlllad dryplcked, In boeavlBin; (tfn '" h.Vhllii "'hnl 8,'!'" 32ftBSe: foH-l! '"I'-Klllad. In l.lilj. dr. nii-v.ri VWIUIUii Ofr, ll.a ,-.pI,., , ilt In SU Iba d.Til Mi. we (hlnz 3 ih, and unar. 3.'ff3lc ru..tlre thUkent" uV-W'nfW"'"' ,n bo-.ti - Wclkn, in 4JS Iba. and eir upieca. 39Wo wallhlnif 4 lha J73?c ioallnS ehl'-k-S!k ni,Urn n'-Pa(-ka. In bbla Walhlni lha, and ovr apltoa (: fryara aatarn.iidrT.pa-kfi1. wa.rhlnr 804a arlaea, JIOJV-: brollera. wtatarn "v-plekM naljblnr Vi 3 Iba apleea, 445c broil. H.T4v! reaal.na; enlckena. vt'hr wfiihln loll Ibfl. an.1 m.r n(i. artMjM. V..V1'' Jl.rbT' "'rtlr-c 3H lot arlVea J4 , iYllLVlrJ'' VVel ..1o. waitarrT. dr7. I paektd, ): do. do. tenia. BSW.lhc ilrT'Picd, !o duckt. xraura. fanoy. BT9 I I ne wn i ii -n P'le "0 -o In J-lv s It j li l on t'l- .ifl.r hi 'a v ' ' ,i, 4 f, I i' 'fd t ,i i i. ., ' "I '1 nllin HiM-rlii iP,-, ,u -; Hank nv II . i p i;i (mo on $18,579,965.88 LIABILITIES iMibniiH 1.1 to.' 9;.) bi I me I'ediia He. fcero HhuK i iTP.fioo nn ' u ilniion i?f 75 ) oo l8wre it ii eaniecl Intel St I I in, I - r nesere (TaxeH fiB,9fil SJ Wpital stack 1. 000,000 nn Siup'jii A- TrontH J. 670 546 S4 $18,579,965.88 "ALWAYS COMMERCIAL" Market at Serrnth DIRECTORS vuniiel M rDiarn r nnan of no.rd lUnllirop Hmllh .lolin r. hir Ibraiu r. Holt Halph . North Orellrt Colllna Ktan l. (.handle .llrltllla !. Ilaktr iyln I., niabun Irtlni Knlin lMlllum H. rilllnr llllllam I.. Turnrr I rs Ex il I i'i 1 ilt 91 J H III r mil Wmu 'Mi J i ' II .1, - Xa.Aj siiJ
Significant historical Pennsylvania newspapers