ffSSSSSSSxS WIWWnilllWWMMMPI mp'ii ! H IT WFf liyiP"! 'yw'wyMWW it "m - i J?B5MWi liTTHlrHri " hi ii " ' i 'i ' i -i ii i Li! I iiiTi p'riiff'Mr"Tliriri'iL''iT7rr iinvf )T" TT"lloii i f ii'nii iri IT l-nn ri ilw hiwiiT TiftT ni HTritTfi T n lUffllffhiiTMifTiiiuTaiT rWuHfmmKmfMMhWiTJWfui ' V!bbIbbI aaB Br , 20 "Httr' u. .itl&A Ha.-f i i "! ii ! ' ' " . mmi "I .""'" INK. il .0.00, I PRIRF MflVFIVlFNT ! f ' 8 Wf-' A I IIIVli IIIW Ihlllblll I G;; ;:;;" still irregular f&? i i i tW i K 50,000 Province of Alberta 5'2 Due December 15, 1929 Principal unit Inlereat Payable In .New ork These bonds aie u direct obligation of the Provin cial Government and offer n nound, conservative in vestment. Alberta U one of the important grain producing provinces of Canada. Price 89.50 and interest yielding over 7.10s (Payment r l'niie.1 iatea I"unJi Full fioificnfnra f'-'S nn irrj'ifj' Wood, Gundy & Co. 14 Wall Street. New York BROADER DEMAND I ""1 1 EVENING PUBLIC LEd4eK PHILADELPHIA, TUESDAY, AlfcOH 8, 1921 NEW YORK STOCK EXCHANGE TRANSACTIONS Torontn teonHon. En Innli Mnntrtiil Ask for Circular 73 It will give you the reasons why South western Power & Light Co. &' Bond Secured Notes are being purchased by investors seeking a long - term, h i g h yielding obligation of a conservative type. Bonbright & Company 437 Chettnut Street Philadelphia Nw York Chicago Boilon Detroit L1I SPrUCC 8200 I Particularly LIBERTY BONDS ICTORY NOTES TREASURY CERTIFICATES WE are able to give an immediate net price on any amount. BOUCI IT SOLD QUO 1 LD SECURITIES DEPARTMENT Commercial Trust Company Member Flml Itnmi Srftam City Hall Square West II United Gas Imp. 8s, 1923 General Asphalt 8s, 1930 Sharon Steel Hoop 8s, 1941 West Penn Power 7s, 1946 Caddo Cent. Oil & Rf. 6s, 1930 Penniylyania R. R. 6 '2s, 1935 Particulars on Requc'. Moore, Leonard & Lynch CUSHMVN -KWHi I. Mr fionrl Prplt 'mrnf 1429 Wa'nut Street Rftn rf Vnrtin Ritz-Cariton Hotel Mr nberi Kew Yrrk I'mladHplna Pllto- bunth Stock Exchanges Wc at r interested in Portland Ry., Lt. & Power Co. 5, 1942 Caddo Cent. Oil & Refin. Corp. 6 1930 Com'wealth Pr Ry. & Lt. Co. 6 Dividend Scrip Portland Ry., Lt. & Power Co. 6"r Firtt Preferred Stock nwKr.it. Mrmbti i v ru ,,, k nr,f rh'ladrlphui 'ocs h'xrhnmj i 321 Cheatnut St , Philadelphia Perplexing German Situation Served to Intensify the ' Waiting Attitude , Nr in It. .Mnr li fc-'lhric win ;i roji-t ition of the iii(:sili mid iirrRiilnr pnci mnvement in loiln Mini'k linn kct. with trciiglli nnil hpnmrs do tMopinu Mrrunlltit; to wliiiiikionl flintiRi' of piMltuin of tlic tinilinc nntinfti'iit lm liml (.nmplctp domination of llif pro. i-i'ilinj;'.. In other onl. llio inurKft wiis pnirtli nlh loft to the lender luor fte of tho loom trader"'. oporationn on the purl of liolh inlliienlinl tuideis nnil tile publii' lii'ini; i onspiriMiiii l) llieir iib'-eiiio At the ontHit the market prni tienlH (livrfftnriliil I he u'slmiitii reports from nhroad on the Ciermiin if inition. hut n it happened oiterdiit it mikii .hooi! iL'!H of tiiinlni:. with the fnrfeiiuii' of miieh of tin1 enrl mi l.ioreiiieni 'I'lie viirillntmj ihiirnrter of llie rt.n tnntion nnionn the more piomnieni peetil.1tlo i.ur vefleotril little nle than th' piofi'sslnnnl jorkevini; for po sition uhn'h nro.iied the ti"t protit.. whether on the ellinc or InijinK 'iile I II n evirlent. at mi v rule, llie perplex ! mi; (ionium Mlunlmn lind infliietKed n I "trli-t nilhereine to the MiilinR pnxition 'on the pin t nf the more inlluential in I tereiia In that while tho forflmi mi I nation imprnt nil rntieal mi the nrfari it was ntili n snevs what nan solus on I behind elided ilonri The poibllitie J are tur leaihinK. for nn one ran tell I what hothead, polities, i n itiai and nariee mn do It wn onlv natiiiiil.l therefore, exi opting the caintding ele ment, for tne i link mid tile In he willinc to stud, to iil lines and look op Hither 'than attemptitm to K"e'-, what would j ti rn up ne. Iienlinc1" al t lip openini; were licht 'and itri'Kiilnr l'ieli pn""iii'e nni ill 'leeted aeiiilist Home of the rails and jhippinc0. but the sinenil list was onh sliehtlv rbancul New York Central i fell l' points in ilm fiirli ofteringx and rnited Kriiit loi 1 point Itnltinmre lind Ulno. Cient Nortliern. l'iibin ch nnd West Virginia. Amernin Interna tiiinal, (leneral Kleiini. I nited Suites Ittihbrr and Srnr-Uoebi. k lomprisid the other roiietiimim ..iii. The market's tone nnpriweil' within the tii-st half hour. hen shorts imereil Imrnedh . In llie eurh e.ti nsion of th" rise .Mexnan I'etrnleiiin nihnneeil I ' . and (teneml Asphiilt ''. mole modeinle gains being made by Chandler. Stude baker. Crn ible nnil International Pa per This idmitage was nineellcil 'wln-n shippings beeinno more reaelion n m I'nited Krnit falling A points- to H's'i. a new bv rei ord 1'mnl sl.nres also wire adMiseh afleeted. Meet Sugar losing 1 point nnd Anieriraii Sugar 'J'. Among the tnnelive issues decline of 1 ( pmtits i U.'inington Tim liter and I'j Ik Mai-ka Cos were note worth IIeuinoss of I?eBdiug first nnd s,,,ini plelei-reil weie (he nnh sinking feim.ris among mils. M':-tUGS LIMITED l LOCAL STOCKS Srllnig I'rv.ssurr Pcniisy 11' ithdrmai. it Dili di'iirf "ok' Senm nfr I lice is n ninrkeii i-nntinetion in I ti" volume f dealings iii Hie 'omiI ninikei lnelmiins h big i.liritikare in ' the selling ordeis m IVnnsvlvnnui Kail road, uhi'h had fe.ituieil the trading in f'ie pre. oiling sessions So era I of the iloinl spates, m the same time, whn-h hnd tiKuieil more 01 lest, prominenth in the p'ont operations, wore cither witli I out a tntisnetion or dealt in small odd lots Tin-to was no particular evplan I atmn for the sudden evaporation of iu 1 tei-pst i'ppt the geniral feeling of rail -I t on production In the ritienl f'Teign I situation '1'he withdrawal of sellitig pressuie against Pi mis I urnu Kailroad stoeli was vorr en'oiiragins beeause it ie fleered a dissip it ion of much of mis gnings prompted bv the poor Rhnwint made in the earnings lnr year. The annual nveting was .nrried through n usunl anordmg to the slate and was mme or less of n perfunctory diame ter The increase m the funded debt nnd ratification of various leases, of (course, were uppioved Any one nt- tending one of these nniiunl meetings j wo ill never dtemii of nti. thing iln l.nppc mug tuan tlin' wlm h the nuin iigen ent des.inl Am "iui-ii inn would -tnncl lis much show as u cake of ice uncn the rns (.f h, t .Inly sm, I I -tie nlir ,'IUII shines of tin M,,. iiiin..'i irind" flu -i .i i; the morn ng witu '! in "ilu.g hi ad tinie a shade at. el- me Ni-'i orlv nantj If llie iinnlc" i! i h. be maintained the html. 'I ' i to Hp ar the going p and t veil would noi he denr if the dividend was "it Nnirlv iwo months will I I lapse before the directors will take ac tion en the duidenii nnil it is pn rtj safe bet "mt ti" change will be inaile' since tii" e.iupnm will hate more bonds for saie to pro. me minis tor icuporiite ie 'p. u pin'-nt Ti.iduig in nioei ml other lo. al stm k u.i, o,, eedinglt ipini, with 1 1 r '.. Mirin tioo troin the closing pi i , of last night S'igiit fractional iliivuncis weie scored ii l'ennsi hnn.a Salt I'liiladelplnii Its.ni'ii Who and Pliil:iieiiiii I'ln ' ' ' I' ' I .ii.iiiiu.il lo , hangi bin u- n' ".I (in .i ,iii, ill ml. nogs P.i s ion ion JOll RIM 400 inn inn inn son ton A00 SI) I) inn ion inn loo 70(1 .1011 ?oo too tA0 100 too inn 1000 jo a HflO (00 too mo loo ion ino 100 HsOO too nno inn oo ton 1900 70(1 .'on too Villi son ion son ;nn .mo 1.100 4 mi j o 3'tnn Jon 7011 .100 lion ioo 101 IOOii ion asoo mo too ion iroo ..no son 400 r.on 700 700 400 i nno non ; 7tno oo 7400 100 ;on :oo 700 loo .'.on 100 100 r.on "700 14100 ion noon inn ison ion 7ion mo AOO ton inn 700 101) ion too ion inn too aonn 700 nnn .tno nno ;.on ion lion a ion huh . Aim (lubber 2fiJi Uxin (!oid Mines lf4 Alaska .In nen u (1 M . IS . Allied Oliem Dye . . 40 1 Allied riiem Dye pf iiU'i 1 Allli.fhnlmei-B .. 3.1 "H H Am Agrle Chetn ... 4H 0 Am Hank .Note ... Al Ji ft Am Heel Sugar ... 44 A Am Hoscb Magneto.. AJJi Am Can . . 7?4 ? Am fan pf SS i Am Cir it l-'iU H4'4 fl Am Cotton Oil 1'i n Am KxprcM . . t7'Vi . Am Drug Svn "H m Inteniat Corp 1 ut I.ocomothe Ml I Am l.a France ting "fi m Radiator . '' Am Snfety llaior V 4 Am Smelt & Ref ol 17 Am Snuff . .lO.lJii 3 Am Steel tc'nundr'ei! . 7054 1 Am Sugnr Ref . . 91 U in Am Sumatra Tob 8 Am Tel Sc Tel ... . 101 7 Am Woolen 7 Am Woolen pf 9S?i Mil Zinc Lead H Smll 1H Anaconda Copper . !M 0 Alch Top Santa Fb 8't A At. M Top & S F pf . 78H 7 Atlantic Consl Mne 83Vi Hi All Culf A W I S S 404 a aii (!uir a v t s s pi .t.v-i 7 Haldwtn locomotlvc . 8 Haltlmo'o & Ohio. . 33' 1 Halt l more & Ohio pf SI .1 Harnett leather pf 3 neiblehem Motors 7? A Rethtehcm Steel S3 A Bethlehem Steel H AJ H rttowti Shoe 30 llronn Shop pf . . 7t Unite I tipper A Zinc 4' Hutterlck .. I9i '.iddo Central O & It 1.T n r.thfornU packing . HI 14 I'nllfornla Petroleum 3Nji In I'annilian Pacific . II3JS ( enti.il I.tatlier 38V4 I t'errn de Pacco Cop 7714 in riiaiidler Motori .... 77 I '"heMpeakp A Ohio . A9'4 i'Ii lea go A Ol West pi 17?4 hinigo Mil A St P. . 7H ChliMgo Mil A St P pi 41 ai .- I'hlcagn N'ortlnvpstern (17 7 ' til A Northwestern ptIOA fhl R I A 1'ac 77 flu II I A J'ao fi pt l, i hllo Copper . . I0T I'hliio Copper 7P4 r. fle cin CHI A St t. pt 00 fliiett IVabody . 4 4 focn-("ola 7l'5 fol A Southern 3J t c ol ,v. Soulhern 2d pf 40'-; i oluinb C5.1B Klec... S9 fol Orapbophone, .... 8 '4 .1 fcnsnlldated Textiles. 10'J 7 I'oiitlnental Can AN Continental Candy . I ' t Corn Products Ref.,. 7114 :,n i "oiden r! Co 28'4 H ( ruciblp Steel . . 91 Cuban fane Sug.n . 3314 t f ulian Atuer Sugar . . 3H in p. l Lack- A Western. .320 Denver A Rio Grande IH Pernor A Rio (Ir pf. . 3' I Pomi. Mines tS'4 7 i:ndlcoit-.Ioiinon pf . . B4?i Me 3!4 10'i n us i:-le ! pf . . . IVdoi.il Mln A Smelt Flsk Rubber . (iaston Wnm A Wig.. rjetieral Asphalt . . . . 8 (iener.il r.lectrlo. 1 Cleneral Motors General Motors pf r, Cioodiieli B F Giav I .ivi 7 Great Northern pf 4 lit .Voit l rn Ore ctfs . 3IH 7 Gunntnnamo Sugar H't . Houston Oil . I Hupp Motor Cxr . I Illinois Cent An Indian RpP.ning Inspiration fon fop lntprn.it Agrlcul A lot gt icul Corp pf . 7 Internal H.n v ne Int Mer Marine I mi Met- Matlne pf International Nickel tnteination.il Paper f. Inter IMper pf stpd InMncible oil Corp Island Oil . Jewel Tea U K.insaH flty Southern 2314 4 Kansas flty So pf . . 48 , SO . 133 US . 7 1'4 . 37'4 . I2ii 74' !3'- 88J4 OH 334 Mi 46H 07 U'4 AI4 IS AS 73'4 20 !, 3?i WA l'4 30 ; Stj 3S", 48 A14 13 A.l!i 78 M 8A I24W 2Ui 122'i 0i 4.V4 8fi 8?i 77 (4 40', 10.1 71 H 91 84', 101 At 9A-N 8 AH 8'J 70S 83'i 40M 3S14 88 ?4 33'4 SI 73 2'i S3 siH 3S 70 4!t. I9?i 13 01 38 1 tl3la 38", 4 7014 A0(4 us 70 '4 41 0? 1 OS 76 U At?, 101J 21", Alt 44 71 as 4A'i ASJi 8'. 10', AS I' 7 1 '4 78 i 91 '4 2.1 28 'J 220 l'4 3 IS '4 B47, ' 13 ins n 14', 1 S3), 137 1.7 71', ' 37 I7'5 74 31S lA!i or.'! 13', 8814 9S 3314 8S 4r.f4 07 14', A0V, 1A .14 'i 73', I0H as 0'4 23 4S 14 ' H, "4 Hi H' I (t ' t 14 !4 I I 1 80 Vet t.nit Chte 2814 I- '.' I14 f '4 40 -89H-35 H -48 4-A7M-434 -A34 28H 8S 1741, ?.' - 127'4- n4- 41 8S 854- 72S- H- 4I! - 103 - 29?,- niw NS 107 -J-A4S4-8S? - 8S SH 82 -70S 831H 40?, 4 3S'4 80 '4 4 37 U -At I 73 73, -A3 A7H 3S 70 - 4?,- Ot, 13', i 01 -3S'4 Il3'i 3'. -77!,-: 7!4 -A814-I7H- 2S-1 41 S i 07 I0S -7N AIM- intj- 4 71I4 no -t- a ;i , 44 21 AS 4 A 14 - 9 8'. - 1? - AN t l'4- -114 - 2S14 r 01H 23 -7 -270 IS 4 3S t IS'4 - 94J, -1314-I0H- A 14'. t -131, - 71'4 4 37 -1214 74 -31K iaji-1 1314 4-8S'4- 9M . 3314 8S -4A, 97 14". A014 I IS AS : 73'. -2014 1, 9!', -23 1 ! 4S - I 100 100 inn 20A 100 8000 100 100 ton ion 100 ion too too ion 2n 300 I0O A00 ton '4 S i 14 H 1 ',4 14 ''4 '-S "li ! S. ', H Hi I'. H '5! H S !i Vt li I .tn. H,tri) -In t IIIBh 1S00 4 Kellv-Springfleld Tire 40, 100 0 Kclly-Spg Tire i5"o pf 88 lOOo Ivenntcolt copper . 17H A00 Keystone T A P. - . 1'A too 3. so Lehigh Vallov - J4 1000 1 Iyoewo Co . 1?U 7 Louisville A Nnshvllla I9J4 A Mackay Cos A1H 7 Manhattan Kiev guar. MJ4 Maxwell Motor 8 May Dept Stores 2!4 17 Mexican Petroleum 17 H n Mexican Petroleum pf 90 2 Miami Conner ... .18 41100 1 n Mlddlo States Corp . 13', 200 7 Mltlvalo Steel A Ord . 30?, Mo Kansas & Texas . 2H 2 M St P A S St M 1. L S9 Missouri Pacino . . 18 H 3 Montana Power ... A4 4 Mlllllns Body . . . 24fj National Acme . ..2114 7 National niscult pf . . 109 National Con A Cable X fl .Vat Knam A Stamp . ATJi N'ev Con Copper . I0J4 A New York Ctntral . 70!', New York C of St I. 47 100 2 AO New York Dock . 21 H AOn . New York N H AH 18 J4 12011 7 Northern Pacific 80K too A North American 00 luo 1 AO Nunolly Co 8J4 ISO 40 Okls Prod A Ref . 34 200 Ontario Silver Mining 414 400 7 Orpheum Circuit 20J4 00 . Otis Steel . . . 13J4 2R0O Pacific Oil w I .... 30 Ji I30O 0 Pa n-A mer Petrol ... . 1H loo n Pan-Amer II . 7 ',' 2100 3 PennBlvanla R Tt . 38U 1400 Penn Seaboard Steel. 10J4 300 Peoples Gas Chicago. 40 400 Pero Marquette ... . I7J4 100 3 Philadelphia Co .... 33 100 7 Phllllps-Jones pf . 70 100 Phllllpn Pet . 7 1400 Plercc-Anow Motor . 20H lOO a Plcrco-Arrow pf . . 78 toil Plercn Oil . . I0H 1700 ' Pittsburgh A W Vs. .. 27 3; Ion 1 Pond creek Coul 13 10 8 Pressed Steel Car . 89 200 A Pullman 104X 1000 8 Punta Alegre Sugar.. 48 2000 4 Pure OH 33 100 1 Ray Con Copper 12(4 1J00 4 Rending '',, SOO J Rending 1st pf 4014 200 2 Reading 2d pf 40, 40 Remington Tj-pewrltor 3OI4 400 Replo Steel 7 loft a Republic Iron A Steel. 06 J4 400 Republic Motortruck . 1BH 100 A. 20 Royal Dutch NY ... 604 400' st I,ouls Ran Fran... 71 H 100 . St Txiuls Southwest . 27 'j 100 Santa Cecelia Sugar . 4W 200 Scars-Roebuck . ... 77J4 700 . Hlnclutr Oil 23 100 ti Slogs-Shelf 44 400 0 Southern Pacillo 7A 000 Southern Rail . 21 4 100 7 Stand Oil of N .1 pf..t00W 100 4 Stewart Warner Sp. . . 3tJ BuO 7 Stromberg Caib . . 37S 4700 7 Studebakrr 0074 100 2 Submarine Hoat Corp HW 100 A Superior Steel . 39J4 10 Superior Oil Corp Hi4 100 Tenn Cop & Chem . 7 74 1300 3 Texas Co 41 H A00 . . Texas A Pad tic . . . 32J4 100 1 Texns & Tao C A O . 21'i 200 3.A0 Times Square Suppl 9', 300 0 Tobacco Products . . A.7',4 70o Transcontinental Oil . 8'. 100 Vnlon Oil 2014 3100 10 Cnlon Pacific ...... 120H 100 t Cnlon Pacific pf . B7'a 700 4 United Alloy Steel. .. 39 H 400 a 1'nlted Drug . . 9J 200 3 SO fnlted Drug 1st pf 4A.'4 20700 g United Fruit . . . 1023, SOO 3 United Retail Stores.. A3;; 300 U H Food Products.. 33H 80o 8 1J S Rubber As 200 ACS Rubber 1st pf . 102 100 2 U S Smelt A Ref. . . . 3014 7400 ACS Steel Hl'4 InO 7 U S Steel pf IO914 1400 t Utah Copper SO 100 .. ftali Seo . ... II 4 100 t Vam-ullum Corp . . 33'i 100 a Va-Car Chem pf 9', AOO 1 Vlvaudou Inc ... A', ion Wabash . . 7'. 700 Wabash pf A . 70J4 100 Wells Fargo Express 01 '4 100 Western Maryland . . 10 300 West Maryland 2d pf I7?4 700 t Westlnghouso K A M 47'4 300 Wheeling A U B ... 9!. 100 t White Motor .37?; 600 1 Willys-Overland ... 7'J loo 0 Worthlngton Pump . 47 H Ifln 391'4 80 U UU B1H IS 74 Ji A 114 ai; s 7H UJ', 90 18 17. 30 7, 3H A9 I8i Al 24J4 2114 109 3J4 ni 10H 70!, 47 311. las nn', A0 814 3S 414 70 1314 3014 74 A7U 3S 10 40 "!4 33 70 20 2014 78 UU 2714 13 89 101 H 47'4 32 H I2'4 7334 :914 0?; no I-. 3 BOJA IA4 0?4 2ttt 27 '4 4', '514 22 7i 44 7A'4 21(4 100?., 31 7i 33 !4 S 8'4 397, 7b 4 Mi 22 14 2414 9! fi2Ji S toy, 1I9I 071', 2IS 04 4A'4 98 JA 27 22 7'4 mt?; 3014 81H 10914 87i US 33 97', A 14 n 20 ni '4 10 '7j; 47 9 311?; 7 '4 47?; ' '4 4 14 14 4'(4 14 H 4 '4 H H l'4 I 114 14 S H V, H li I 1 .30 Net Clone Chfte 3914 80 17 "4 15U -A23i-187,4-99J4 - 114 -i;;- A -74 tt ISA', -90 -18- -l7i -80 J4 4 !4 SR ) -34?t-31 H -109 t .1 1 -47 31H- 18?; -. so?, -no - 8'4- 3H 414 70 - I7J4 3014 ' 74 -A7',-3814 10 -40 -17 ', 31 711 7B r 261, -78 f I0t4 f 89 -104S -471'4-32J1- 1214 t !4 7414 4 I .7314- !5 0H- 114 30 '4 - U 26 6014 - ! 1A14 A0S 71 S 3714 4 'A !4- !i 32 i't 44 - 76 I 31 ',4 loo?;?; 31 7i- 32 VJ no'4 1 IS', A9 7i - ', 8 '4 - ''4 7 Vt - '4 41 S 32' 241, !4 i '4 A3', 8 - H 20 '4 120 '-, 07U . 2934 4 , 94 -14 4A14 - ; 1001-4 -A3?4-i-32 34 I 68 4 V, -HI 14 i US 33', 97 74 Ali 7; 30 01144 10 15 47 9 3?; 714 47 N - I FOR CURB SHARES Market, Generally, Shows Steady Tone Oils Continue Favorites NVw Vorli, March S. The Brood Street Curb, in its cAtnblishrd position nf a cash market, indicated the general tt ailing sltuntion by the manner In which bipinesH wan ronduoted on a small scale toddy without special varia tion In prices. There was a broadening demand llint Indicated Increased ac tivity ns soon ns something occurred to indicate lgor In the trading situation. Columbia Kmcrnld sold nt the new low nf 1np About a year ago the stock sold nptal to 31!. fnrib Syndicate also was traded in on a declining scale, the prltp being carried down to a new low of iV'm Cnrlb Trading, which a year ago mid at .'tt'O. wan offeied nt 1-. In the market, generally. 11 steady tone was shown. Durant Motors was traded In at 'JOO, to 20 nnd Car Ught sold at 'J to IV Klk Hndlii. which hns been strong for some days, reacted from ll't, to SV (Jiiffoy-Gillesple made a lirlsk iceou'ry of oer !l points, selling nt t.'t'V but Inter fell back to 1.1. There was 11 good ninount nf business in ray I'etrnleuni, a newcomer on the curb nt 'is to 'V Standard Oil of Indiana was iteady. selling at (W"M. Kynn Oil was in good demand, polling at 7r'H to 7a4 . Mara caibo Hinged from 2il to 'Jl!1!!. 'lexas rights Mild nt ITs. IMIL'8T11IAI.8 Hlsh I . 2 1 20 If. 10'. . t 2S : ii; 11 to CW IS H 0 r. ' .J P't sv 13 IIS S lA'd IAS 22V4 22 12 12 IS IS 2S 2 t 7S 7S 10 10 7S 7V1 OS n IS IS 2'', I Commodity Markets COTTON MARKET New nrk. March 8. Weak Liver poo! 1 nblps mused an easier opening in Financial Briefs FOREIGN EXCHANGE en lork. March 8 Tho feature of the foreign exchange market this morn ing was n break of (10 polnta In Chris- ' . Tlle average price of tnent active .., 1 - 1 . , , ' induftrlal stockh ndanced .0) ner cent tlanla and .0 points In Copenhagen lt) 73 2o, yesterday, wlill" twenty .Vnl StooUholm declmpil onlv 5 nnlntn. rnm. roads dppllnd ?ir imr rom .. .1 e-' .1 .... !. ,,,!. ,- KeL IIHnuJ . . .... ... ,, iin cu.nm mui mm uijf ..m r'.: pared with yesterdays nnal f.gure. Sim- ' fr Ikmiik 7 t,. .H points ., ''W.J ,Inr compariBonB showed aterllnR don wf t JLR1""0?. !1B beC0me asaoclatca strenr ant loom iruuriH vrii ii.uiiii.rS! , . . .... .. ...... -v,v-u,t., ut vv, sellers, while spot and foreign interests, ' . .nca town (. lira uown l-,. bought at the opening. About seventeen I Swlss lln Builders up 3, pesetas and 111 tii'ii ufrp in rciilnt ion. ...,.. . I V i . " Later the market rallied on support "lans aown . , ."' "onu ibbu. tnat matuies in New fiom Lnerpool nnd Nnv (trlenns wuotations were "" " "'"" soiiriPs. huiI nl llie Pinl ot ino nrsi 111 iit-mann sierung iii canies 3 &9 , 'CI. C.innffln.t r. . SlocUhnlm riown 9 nIriQ rtnu, , ,, . "". --..u... ..u.rinmmt Is " c-. .... i.tr AU.ui'U IIIHI fi npr Plan- Tie I'uban-Amerlc Wtmn i 'and ( 'o.i. 7"c fr..in tl " pi'i'i ii was ..Il J ii I hi! ' mi ni Philadrlphia Stocks mi Suaar Pn . .. teen ininiiips ailivc pos.muns c m wane canies 7 it, cnccWs 7 15 , lite cable' ' ranging the details of a libtid Issue with II! pom's net lower 3f.;',. heck. ) r,T Swiss cables 16 78, 5an,i",T.hs """"'nt Is belloxed to be P.. ..no .aides from Liverpool s-nd checks Ifi 7.1 guilder cables 84 3B. checks .Jnt ,ind Hr7iUo!?'lnH, nin .r ,en ihni the m.irkei there hnd been utisoi .1 ISO . pesetas cables n 02 checks 1.1.80 : h, ii..".'." nVJ of Lhe ,ACt ,,.,,. ..,n, , pollt.cal dcelopnienis lj ,ct, XiVnuorJn " Vi'nf s and A,,,.r.,,n sel, ,,c n,P ,,,. from Vn bs 'AVrf. chs . i I J -nslderab.e unsold s.ock'h' or Liin.pe i.-trictec buMiie.ss. HpIrIo n bibles 7 18. checks 7.47: marks SUB"r v T,ui. . . , rn, i r r .',' ...n. . , u., Mm i Mi In. ("li . -I i it I Jb' !. Ili.l II I'J II 7.1 f.' 1-1 1 .' !,' 1-' ss ' o 'A To.Ih ,.;. ii Hi I i. 1 1 in 11 'i . I.- .'." 12 V, 12 s i. .in ii in III 'IS 1 I llll !.' I.J I ' hll GRAIN MARKET ( bunco, liiich S Additinn.il hmv. General Asphalt 8s. 1930 Penna. Water & Pr. 5. 1910 U. (J. I. 8, 1923 United Fuel Gas f.s, 193B B0ENNING, GARRISON 5 CO. STOCK KXCHAMiB UUII.I1INO Direct Vrlfale Ttleplioue to Nit Yorti llwnbtr, I'UUa. stock liicbnnx. I1 ,n 1". A.. i ln I- IV '..' Lei r".c Ml.", ", 17 pn i: it nv", .: I'ii s.,,,, ;: - Phi ,i h.s W.ce .-,l'k .'s PI,,,., C cum i,' ',.'1 ".il Philn I-:',', 'JL', i'7 dc P"f 27', 71 PliilnTrui .".I J7'l I (I I :!4 (.1 do prof I!'7., vii . sttnl d Coal 7"i '.i it. s is I'll' . In.", .",mJ ::s' n llnv Nfon'dii.i Vnnh Xttit lEiR'Hf Kll'tl I'nnniMh Itcnmon V. . si Kiel cut Tonnpah .Il .--I', '.:. n:t -'J's -'-", -I -'7 -J7 . -. I .". I . :ti ::4 . Ill's PC, 4 n III.. ' ' Am (ins i. ;. I km Ti ' IKIMI nuns mer the cii,inwcsi unci n since of demand lor export led to seal lei oil selling of wheat this ninrnins and the mail. el opened weaker Them was u fair demand on the dip and pi ices milled in. m tho bottom Trade was hHit tin disposition beitiB to await .urn Hutle. I,,". ;i,ii n.n-lil ro.oll on rni ' oser.es c v.Hn. t the iiose All ndvnnie of live icnts Mi,Mi . i . .... .n.....n.l ... ..a, 1l,,..ll .'vlan.r.. ,m . rtv.il il 1 .lls I,Tlicii,.H ill .ifc-i, . . ..,.T...- .... i,ni (Ipiuion on the Uei-man .situa tion was dl. uied lanli (ipened at 5l 07 to SI In1 j. against SI 117 a at the end enerdn.. Mm sinned nt SI .r.K to SI. SSI,. I niiHins' s, ,,',1',. . esi'-l III!.' s in-., ,,!,. t'.cn was easier with hcllinc eni our need ni osiiinateil rornipts oi i.m mis. la. si.iiipiI at 70T, to 70" , . . against 71",,, ni the end eleidit. .lulv was one d a' 71!c to 7;!'sc ni the outset. n -hii,-i 7.;'Kc a' II'" end .islerdnv. Hals were dull, but ti"' niaikoi was i,.nl. ii. a rule, nnd nffennxs wore , , i Theie wan II little blljllli! bj , .iim ssmn houses Mnc opened .it i? t" l."iRs'. nRanist .'i',c at the close Ostonln. .lulv , ned at Hi'',c. iisa"'"' Hi',sc at the , ii, I . i -tenia. Th momiiin, v,.. vi, o.nh. i n auractixe nook contalnlm- ti, i,i. in Montreal todav wan lli per cent !?rv' l"opcrty nnrt statistical Infornui The discount on Canadian funds in New '" .n,,;0U,,Ult,H ll"tet.1 on ,lln f'hlladcl Voik was 12 1, per cent phln Sto.-k hxchanRe has bten prepared VKBTEBDAT S K..VAF. Ql OTATIONfl I U ,,OUrtaU & EVanS S'-rllna: Prnncs I.lra Uullditr. LIVESTOCK QUOTATIONS rl,lr,,eXv,"?h " ),W'S- i:iiiiul,il rf Openuir ine-l j'5c lilsher tlian etHriin"'H V' .H. J.1 ' '""CI WMIII. rtlOKtlS L-nO,l. '.''.''. '..'. . e.slluutM ,r,pi,i in una h.rt htimateii i. -ci Iris ir nan Hi m.i nd i'iLIu .1 no", t si; a en 34 an 3 111', 7 L'l s 71 31 4( IOD.VV S OI r.NIN(J QUOTATION!! sirlins: Kranr.11 l.lto (Ijlldri. Pfinand .1 B2 7 15 .1 .17 34 SO 1 Jl'' 1 sii". 7 til 3 7'-i 31.35 LOCAL MINING STOCKS I'c.V'I'WI STOCK'S Had .oil I.". I. 'I .In t.t OK .nn .l 01 in nivmrc siwkp 1st 7".. Us ii.". I il. llouds :c.,s ii.'i !i Kardos 8C Burke STOCKS AND BONDS 1424WalnutSt.,Phi!adelphLi MewYck CbiOg Phtfburth iMJUmor Dlnct Pirnw WirM llll rs7w Itn 4',s penna Co ll.,s 1 cin uen 1 ..s 1 I, Pen l'as I , Is . 57 ', I Philn Lie- I si ."is s:i ., 1 I inted ll .s 1 , I- llll o I -.", WeUbac 11 C .I, !H' , '.III Sll C, S) IK, I S7 HI v7 HI s; m 01 HI '.'v 7sT. 7sT, BANK CLEARINGS j, . , , .nus '0,11. roinpt, el ,',n p,,i ,, , itijn imO , . v ... 7T. (-( 17.' ;.'i . Iijonn sj-' , , 4St()IHH -7s I 10 -17 1157 2SS MONEY-LENDING RATES s (tltli Monev 01 mil both ,-.' of collatoiiil 'Mieiied toda. til 7 , , 1,1 for lending and lene.cmK v . I n J Alio P.MIJIi Po dipr Helrlir KitiiHi,m H-n Mm I'roiich ii., 1. Mi. KxciMmton I.i.ldc. S.nrjlcfllc II M'Ip con li, Id, 11, I ... Ht l. ,l- Hiirinlll llnshin,), l)i, e. II Kl! DlM.l. It0l I I' . HID H tie II,' iclc Ii l,rlt sii tins n,nnp.-i Di.icIm lennlsih IteslllGiJ- Vi, 1, ry In ni o,,' fllvir .our HI nj 01 .04 111 .OO 11 110" j r2 (11 IS 111 .'a 1 nj (1.1 '12 Is VI sH I ' I 'II' 111' V r I Stockwell, Wilson & Linvill Certified Public Accountants Und Titly BIdg., PbiladelphU IIII.Mir.l.rillA. ' .ill. i" con' . , pe, rem .cntitneiii.il paper, ee 10 - iiionlhH ci pel on' Vole Those are ineielv mini uai (UO- 1 j l( ,,, . ii,,, Hk.ii laie ot inieieii ,11 in,, si.iie of l'einn,laiii,i lieitiK tiM'd at 6 'kl 1 i- , .nt I'lus piemiuui aim rnn, mission, 1 f nil, l,(. tor ll'in; in ninr - .in- a in n I ,irtne.l ,' - to s'-j per cent unne rom- Guantanamo Sugar Deters Dividend1 ,, , M,ai najiei from thme to six montlis Np.v torli. Maun s firnois 1 h is uuIiir ..ffeied at s ' s'j pei cenli Gunntanamo Sunar Co hne defined action on tho dividend of tlfti rents due LONDON Monev is quoted ,' '" .1 thin lime It la eXDCCtod the dividend ner rent. Discount rates short bills T will come up for consldeiatlon at a per cent, three months' bills, 6 to meeting next .meek. 6 U-16 per cent. Ai'niH I'.iu. n,i, lloeili 1 O I) 1 ,,nil,iiiBi rn. K, dct 1 iHi-Korjiicl, ..imanillteiil n n 1 1 llri. I'll ini (loldtleld c. 11 Cf.l.ltl-ld Meie-i 1.1 Id He. lopmni liieut Ilrtill luinli KxlensKui l annc I one stun 1 10 l:.,1 Hill" Hl.cr 1'ien i.i,achGad c.oi.DKIKI.D .ST(" KS "I US CIO'., .Ill .01 07 ".' (14 V (1 1 Ask OR 17 II 12 15 111 .2ft l" t, 0 IIS (II 05 ftj lt ?.1 .ni (1.4 112 on i'ii OS III 01 01 01 01 1 A OS 05 01 w IH 1 n,i 1 j ci'J II ftl III .14 on (iii'.j ''i 02 nn ill 0.1 ihii, 1 no ft7 ot shi:ki MlflCKI.I.AMlOfS Amraio Arizona I'nnrd I.drn Mother lort VoVArie Hill Nevada Wonder Tmop Mlnlnf . cVhlte Cp Wllbert . . b .0 10 10 ft'', III .is ,0H OT .02 I SO 15 JO 8',j .02 22 12 ,nJ ,U3 rillslillrsll. Msrd, S HOfiS nrpiDl ;noo h.s.1 inmv 1. I,,,!,,, .;,; i"n Mir.i.p ash LAjtns n-cunn aon ilfa,i st,i,y Tp fhfpp. 10 7 tan lamlia. 110 BO 1 AI.VIJs llPefiptl" 21 hend. hlfuili lop in "' Kit si. Uiuis. Marr'i s Ca TTl.E -ne-.1200 he.ici Htenrs Blow nr.rt aliut stenrtv tor (e,. si,'et tf :.", I.lo env., ntrndv 10 Btrutr Top 17 85. hulk 1", 75JS 75 other rlaav". siepd. hulk Nnmr, J 5nwa hulk hulls t',fi5 7'S n c.il' lop ji hUi. 110 sown nulh' lKKIr Itecaip's 115110 hfad Arii.v nnil J.to lo '.n, hlsher man vpi'rrda. n it.oraue lop J11 45 one load unao'd adir HI 51) bid .,,lk.U".".' ,. "' "'" " '") 1"J"' m.dium iHlondlis.i lull, heaxioa $1(1 Will 5(1. packer . and plsa, !.1c t,, 5n.- hlsher ouai UJ koo, pnrltera dolnR nolhlnp SIIKKP ttic-olpcs 1.(10 hp.iri Dul and nn i mil nc nothing cloiiut heif. . iriuain all uf run lambs Kit lllllTato. Itnrrl s cirri p. n. rolpla 100 hrad Stfadv 1 al.ra rerrlDta 100 head. Sload. I5W14 30 tKKls neoeip'n a'.'di he..d iroeu In .He hiaher Hn.-v. Jlil.'.otlll tn.xrd. Ill 5 W1I 5(1 .oiror bt,i .(.i,.r it.d tiluit ,11 1,, reuioi mill, ;.t Hi. lie 5''(II5II nni:r.t' Asn 1 um ni.inik it-no ic.il I.,, nta 'mr,c hlube . J.anibN llie in 71. iiihia unc I'Miiced rhld.to, Mi c I. s - 1 , M 1 (; p,,(mpu 10 Mil head i.eiteui M(,d fo nil (traded end rla,fe lo,. hoef ateere eai , Slfl 511 Fonie hld h lier H.i'U Iter fteeri IH ."Will 10. bu.k 1,,1'iler she ,,,', II1W7.5II. r.inneis aid nine, a u,,ici, I."i'j5ft(l, .eal , al"e'' most iv tlftflll hin i-ih ond f in dorn lurS'.v IT 50VS 511 tci ,h(,c.n. ,ik.im tc-ede, ate, I a II 10 o e'l HOlis llerelnia Jii.Oihi p il I lulu nil I 1 Jbt IlKhta wrliuil!, Hll sold '., rl J5W lOr hiuhei oitiora m'oi. , nioMl J5e luaher Top. IH H5 bulk Jft.) bs .Int. n llll. N.-ifi 11 . bulk L'.'o lt, mi liniilftiin t.iga "111 liv hluher. bulk lleMiable SO I, I L'U III. piui llirgeb till 115 ft II HHt'lil' Receipta 15 Olio hend OpenmK mosil. irad to 35r biahei nc choc bnlidv ..elBbt Iambi, cold eicrh i holr,, 105 lb abni n .earllng HI Tr, I'j5ib. -horn ueihra, U, tS-'b icborn n,.HH 15 British Trade Expanding London, March 8 Tlin Kebruary statement of the Hoard of Trado shows the following; Total Imports, 9,7p,ono; ,,ort of llrltlsh nroducts. 68.220,000: is-oxports, 8,ono,OQn: total exports. f7, 220 000 excess of iHportSr"i20,76pQ.O. Artne ( oal Ca' Unlit Cnlumb a t'.mprold Iiurnnt Motors t'nrrel foal Inter nubtiei Perffctlnn Tire Rnt.o Con . nndl" Com Ptf .. Sl.ee' Co . . It 8 Ship Corp . . . f s Httam t mieil Prodi Hhnrlnr; I nii'cl itnail canny.. . s STANDARO OI1. nslo Amer Oil IT'-i Stnnl oil Indiana (now) 70 INDEPKMlKVr OII.S Allied Oil .... Iloone Oil . . Iloalnn Womlnir . ... Carlb S.-ndlcata Dennj Oil P.Ik liasln Pet .... Pav Tel .... lllenrock Oil ... . riuttp (jIIIpbpIp Hudson Oil tn'er Petrol ... MnrArnlbo Oil Merrill Oil Menlrn OH North Auit Oil Prod tteflner Rp.l ItoPk Oil Il.van Cons Salt Crrrk (newl Slmms Pet . Skellv Oil Texas Patino Coal rl Pn Teiaa Oil Victoria. Oil (ne.vi Y Oil MINING Alafka Prll Columbia . Atlanta Atlas Oold neither Divide Wr. I.edi lloi.th . llnaton Si Mnnlana. fated Mlnlne Candelarla Mln Cons Arizona Corlpz Sll.er . . Crpaeon Oold Creecont MarNamara Oundfi. Arizona. Kmma Silver F.ureka Croesus Euroka Ilollv Porij-nlne .r,nlnj .... fSolclnPld Cons f5oblftpd De.plopmeni . doldlleld Klorenc-e (loldfleld Kewsnsa (lobineld SII. pr Pick tlppla MlnliiK .lutnbo I7xt Knox Divide .MacN'nnirfrn .Marsh Mining Mother t.oil Mother I.ode (newl tlla- Mok Ophlr Silver Prince Cons llox ConH 8an Toy SlUer Kins Dl.lde S Slt.er Iad Supcphs Mlnlnc Tnnop.ih llelmont Timopah Caeh lie. Tonnpah Divide Tonopab K.xtpnalon Tonopnh Jim Mullr Tonopnh Mlnlna Tonopuh .Kitpdh Tonopah Mnniarin Tonopab Uracue Kill j IT H Com . I'nited Kaatoni Victory .... IVpat End Coin White Cape Wllbert . . Welt Utah . IIONDS Allied Packpra (,4 Aluminum 7a Amp Aurl chem 7'i a Amcr Tel Ma. 1II22 Amer TpI IW 1H':4 Anaconda 7a ll'2l' Ansln-Amer Oil 7' Armour A. Co 7a Iteiuer Hoard s Until SIppI Ta IPIle I'crro d Pnaio Sa Coppor Export Se 1UJ4 Cops (!es Ka Diamond M.itcb T'i a Eninlro Fuel i. ll2 (loodrlch Tire T Urand Trunk ll'n (lull Oil Ta llelna Co 7a . 1. & N Ht I. div tii Ohio Clilpa 7a 1933 Ohio Power Ta It J ne.noiiia .a Soars Hoehuck 7a IH'JI Spnrs Hoeburk 7a Uri'i Snara HOPouck tn li'.d xinclnlr Tin Solvay s Southweat Hell Ta Stand Oil N Y T 1055 Stand OH N Y Ta IMT Stand Oil N Y Ta 102s Hlund Oil N Y Ta 1031 Sn-lfl Cu Ta Tpxaa Co Ta Lnlon Tank I. op Ta 1O.r ' ! t 20', 15 to IS is, V, 1'. ti 17',, 10 I fit) p in 20 . 15 10N 1S J' JN, V4 1 ti 17 a 70 11 r ii r, 4 v IB , 12 2S in T. n 1'. i. 1 t 1 20 ti in 3 3 .1 A 'i A 5 ft 5 r,n r.4 M 12 12 12 1. m in T, T. T". TI OR 71 1 At 1 " 11 Id 11 I t 1 3 3 3 i,v m iA 1,. Irs 1 " A R S S " 2 - 34 13 3 3 3 3 II 5 5 H'(, V, 3'. s S K 17 1 17 15 14 15 S S S 5.1 5 4 M 5 ft 5 no ;.s r'i t 'r, A l . A it n, S'V S4l "'a nun A "A " A n T", T'; 7 7 7 1 ,. 1 , I.. 1A I.. tr". If. 15 15 I A IS 1A S s h s H S 2" -Il .III 20 3 20 n 3 20 Kl in:', I'T'. Hil'a n:.', nn', 1 1 in no', s!"j 'II! 104', tlll'l 100 I'll M I'll 5', HT'. 7S 53 no1; Il7' llfl'd 115'. H14, 100 US', Hll'i I'll 52 liii', Ii7 !ll), 115'. R3' IfiO lib" SOVj P'.M 1114', 10IS llll', tllH, ' 00' KiOW toon .3' K3. iiii on IMS 5 l)0 tlfli 07s BT IOIJj JOl, 101 'i I'l- IH II,', 05 05 05 H7. 117. 97. OH', HRH, ns 114' II4T H4 T! 044, U4, no1, iio'a 100 on', inn 0'i Ofl'n Ollvs mn, 101', miu toi, 1(ll 101a, 10211 1021, lnL",l linl, 1113 103 ov fliii, nn!; no1, noi, tin', 100s ions 1110s ni', IMS oovi Raw Sugar Market Quiet Now York. March S An ad.aiipp ot one-quartei cent In the pi Ice of Cuhas tnws ny ine suRar nnanee, committee lo tlvn cents, cost and freight, equal to G.02 cents, duty paid, caused no surptlse In thetrade. ns such action bad been an tlclpated when the cnmmltlee was ap pointed by President Menocal There weio no sales leported In- that body yes terdaj In some quarters It Is believed the action of the, committee In ndanc IliB Its selling price will enrnurn&e, th Importation nf t-ufrars from outside sources On Monday, 6000 hags Porto Wcon for prompt ehlpment were tnken bv a local refiner at f, 77 cents, c 1 f nnd 2500 tout, San Domingoea aMout were also purchasetLby u local refiner at , cents c i f The local refined mar- l,ei IH UIIVOI.I1KVU Sew orl March s, The Nntlona' Sunar Reflnlnc Co has .iihnnced ns price for renuod sucars 2S points to eiRht rents, for fine granulated less per cent for cash Unlimited Sales Limited Credit Losses That is the ideal business combination you should work toward in 1921. You can concentrate your efforts on the former if you have taken protective measures to in sure the latter. One prominent business man says: "While 1 have made it a practice to limit my credit risks, I can trace my principal losses to my failure to do so." The American's Unlimited Policy of Credit Insurance limits your credit losses a year in advance. Tt protects the business you have. It gives you peace of mind a feeling of security and stability enables you to face the future serenely and optimistically. In any emergency of credit accounts there is nothing so strong or so safe as the Amer ican's Policy. Full particulars free to manufacturers and wholesalers. Write or phone today. Paymtnlt Ptticy holders txr $10,000,000.00 rt. AMERICAN CREDIT-INDEMNITYr.CQ of NEW YORK E.M. TREAT, president IISUIS STANDARD UHUMITID POLICIES T W. J. MORPHY, Manager J. F. McFADDEN, General Agent "i 1011 Chettnut St. Phone Filbert 5502 Philadelphia, Pa. Vuuuuuuuuuuuuuuuuljl-uuuuuuuuuuuuuuuuT THRIFT 'p.HR I l-T is even moic than common - scnc applied to spending. It is also the careful investing of savings. There is nothing that multiplies so rapidly as money propcrlv invested. The thoughtful and tar-seeing hae now an opportunity to invest in high giade conservative securities )iciding compaia tively high interest return, which wc believe arc very likely to advance in value. In the current issue of CASS ATT OFFER INGS are listed securities which wc believe offer the investor a high degree of safety, marketability and good interest return. Kindly ask for Circular K-10. CASS ATT V CO. Estgbltshtd I3TS COMMERCIAL TRUST BLDG. , PHILADELPHIA BALTIMORE NEW YORK PITTSBURGH SCRANTON -l DIVIDENDS DECLARED V nai.kfr nallwav ani Elfctrlr r0 n,i,. lirlv of 14 per (nt on pr(i.rn-1 navabi., Arm in smel. nr rcorrl March in T'ibacin Prmlur-li ( orpoiallnn oin tr of 1". pe'- cent nn preferred, pa.ahle Auril 1 to alocl. nf reriirrl .March 17 " Vorthern Pacini- (iu.uiirh of 1'. ,, r,n, pi.nlila Mi.v '.' to "tori, nf lecnrrl M,.n h in Ila.snl ll'lle Ji fnrmeil. Willi lr Stuart A .Co i ashiiuuifii uh n,rl(lll Mnlth A- . li' Until a.tlea ili.p.irinieni Nntlonnl l.l.nri.e I'd nu.irieri, il, n, r A... nn nr.f.,ll nn, .,1.1k ,,. . h. ' , ,,, v.. ........... .-..Hum ,,1-( ,3 j I,, nr re urn .,,,,,, n ., I nllert Flllll I l,,l,i"M. nf t .4 Hll IB 10 Block of letoirl Ma i oh 1J IllKl, .la -.lb. Liverpool Cotton LUerpcicI, Mnirh 8 Spot eniinn ...ii (pilel today wltli prlciH enHiei on im IikhIh of ii decline of '.' pnlntu foi mid dllne at C 80d The N.-ileH wei-i 30(10 tmle Tho receiptH wen. 2100 hules nil American Futures, wero Ktc.idy snot Pricen were American inldrtlfnir fnlr 10.46d, Rood middling, 8 lBd: fu v mid.' dllnif. 7.5Bd; middling. ,80d; low vrTiur" ordln-ry-iMa' ,5? FOR BANK PRESIDENTS ONLY A MESSAGE from the " LONDON " ' rT"HE line ofcrcdit you extend to your f customers is largely dependent upon the earnings they show isn't it ? But what assurance have you that your customer's " debtors will pay, and make those earnings Rood It's one thing to examine the statement of a cus tomer's business, but quite another to be sure of all the accounts owing to that customer. Wouldn't you Rive your borrowers a better line ot credit if each one of them had all of their debtor accounts Insured against failure.' 'iou -now you would. "LONDON" Credit Insurance will do this lor you and your customers. It makes your loans surer, because your borrower, protected by "LONDON" Credit Insurance, is absolutely taleguarded against excess losses. It's worth looking into, right now. Ask us how we can co-operate. There's no obligation. OUR SUPEfr SEIVVICE ATYOUa SERVICE Losses Paid In American Currency Established Eiplitecn Sixty-nine LONDON GUARANTEE AND ACCIDENT COMPANY LTD. Fnone Lombard 4016 R. A. IRVING, General Agent "MLADELrHlA, TA. Financial Fables: "The Torture Box" It was a little tin hox and h contained rci llllcates for thousand- or HlintPM nf htncKs And vheneer their o.ner tried to noil thtin h wa.s told they had nn alue " .So ho called iho hox lhai held Ihem lus toituru box ' Had he bought hiRh urade listed New York Stock Ilxdiango Securities tint would hao been a iMffeicnt htory ou may buy nn lialcd New otl( .Slock CxclltniRe Hci'iitlty In lota aa biii.iII ap itn Hhaic on mir I'm ti.il IMymonl I'liin, it small hiiiii down, a Hin.ill mini monthly Aal. for buoKlel, "Saving und InvcstliiB," Alan A. Alexander & Co. STOCKS and BONDS COLONIAL Till ST HUHi., II1ILAULLI'I1I. ' , llrjniii llftlr l llrldirlun, N, J, I i.riaionei iiaei nno mil! iKuai OJiv.i.,-3-1 L: H f , i ... ho-cV tJ&&frvtlnxi$ilmijifl$IIK$ i! i ' jiv s' ttfj'1
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