MN
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For those desiring a
long - term obligation
which will give them
full advantage of any
improvement in French
exchange, we suggest
the 6ro Bonds of the
Paris-Orleans Railroad.
Payment of principal
and interest of these
bonds is secured to the
Company by the guar
anty of the French
Government. Price
varies from $67 to $69
per 1000-franc bond.
Write tor Circular V.-ji
Hemphill, Noyes C&, Co.
Afem&er Nw York Slock Stehmnf
Franklin Bk. Bldg., Philadelphia
New York Boiton Sainton
Buffalo Albttny Srrecu.t Baltimof
Cities Service
N Company
Cumulative
PREFERRED STOCK
To Return 8rc
Safety Stability
High Earning Pov.tr
Resulting from careful di
versification of activities
accomplished through a
highly developed central
organization.
Dividend earned
4i times over
Circulars on request
Henry L. Dohcrty
& Company
fiOi Morris Huilding
Philadelphia, Pa.
miflilionc. Locust 1H0
E.H. Rollins & Sons
rnniKlril 'All
I in est men t Bonds
11.21 Chestnut St.. Philadelphia
I turn apruce .14IU)
' . 1 'v II I r Barrr
I i - i it j 'an t "anciKo
Oklahoma Gas & Elect. Co.
7 ':'"' Gold Bondt
Due Feb 1. 1941
Price 95 and interest
to yield
89o
Ijnv nr moi than 2 1 i hi
innui ntrst fhrjf'.i i thin MJf,
anil n IT nr 1 r ni -ifltf hf d1h
nn1 hi r r , i iw r 73 0 ,, ths
law' 11 rtri
Srrd foi lricripii r fm i ta) L IjS
i - j
SL..I'.i..l.WJ'JUV;ilM.. J.L.L.L.'IU J '," g? i
UUUUW-.UMO.JgggUUUMMUUUMMU
j jj. - aKfjyiuusg -v
1T1 TfScsJ rt
'I
, ' 'HUT U, !... I I
J f..., I I
lai'swill liuvt: lluw II
ftii opportunity to in
vest in conservative se
curities, yielding un
usual interest returns; '
! lieve are most likely to 1 1
incrp.Tsn m m n r t n ( I
Mlluc
, In C SSIT OFFER.
INGS ve have listed I '
i mnepnntivp nnritriMnc II
I' of unusual attractne-
i ness. I
j h j a k 'or r.rc nr K 0 II
l II
I C ACCf ATT V m II:
! li l.ai III
'l COMMERCIAL TTIUST BUa '
PHILADELPHIA
'I RtWVOIK III
B ni
!Z3
Continued Woakness in Scat
tered Specialties Failed to
Disturb General List
New AniU, March 0 T lino n flip
oimo i) irposrlpss nnd inilnlont lincMtiK
nml tilling proc?MH in toiln Men K
marlxPt mooinpnniiil b n finther
markr-il ciiutrni tion in tin i ultimo of
busincn l.nonl contlitinin nml In
fliit'iit en produced wouknoct lirro nml.
there notablv in the mime tntiiiMriiii
urolith utuler pressure nml spei inl
ties Altlioiijtli "Imwing link of ctnlillili
on tho binlnjc side mi the other luind
it ns nolii table the entire list g,no
Kiniiml stubborn! nml while hort seli
Iiir wns njiplied in Mirious qunrteie the
iraclionnri partv nppnrentlv nintle no
more progress than tlie did on Mondm
mid Tuesdir
While reftismt: id become alarmed
oer the serious turn of nftairs in the
tierinnn situation there was n Renernl
disinclination on the pan of the mote
important operators or influential in
tcresM to take nuv dei ided stand In
other words the attitude nf the mnrket
i oinmiinitv appears to be one of sus
pendniR judgment on the possible effects
of the occupation of the Herman cities
b the allied fones iiHtil further nd
nicps ton crnitiK the attitude of the liei
man (ioernment is disclosed
It was exldint, however, tluriiiK the
- --HM. miiu tin- jii .)i.-n?i..iiai loiuiutlll
were alert for nnv development which
would induce a. larger supplv of Ntoiks
to be offered This was llhintrntc-d iu
the free selling -K hit h followed the
o.ible aihic es of the blockading of the
(icrman ports liv the HrltKh nanl res
sels The prompt denial of the rumoi
qiiicklv diecked the selling, but tin
mnrket oiil rallied feebh.
There was no furtliei relapse m
Sterling exchange, width sered to ton
rimi the belief .esterdax k break was
result morn of pure simulation, rnthir
than misgninirc toinernin:; the German
situation
The market wns cnemeh apathetic i
at the opening with .in irrcgulnrlv
lower trend of prices Selling pressure
again focussed m shippings, food and
copper shares l'nitti Knnt win lost i
I'j points and Atlantic tiulf nniH'ruci
ble Steel forfeited 1 point each
American Sugar reacted ewtlentU ou
the adverse annual stntement
The onl notewoth gain wns a one I
point ralh in Sis Sheftield Steel
Hails were hisi'mit, Ucading' moderate
ne being offi'et b tht heaMtiess of
minor issues, int liiding New Orleans
Texas and Mexic o
I eatlern and hpecialties atided to then
tletlines during the morning Nijmi
Scotia Stc cl lost points nntl He
sn
:tn
tun
1400
M
100
200
400
700
loo
too
100
wo
110
700
100
.m
N00
A00
IS0O
100
100
100
?ooo
100
100
IllO
400
100
311)0
.too
700
.100
oem
11700
100
7400
00
400
;oo
iojoo
400
400
too
ion
.100
100
ItO
2J0n
4011
1400
3100
100
100
II n
3100
uoo
ftOfl
30011
100
.100
13100
too
000
A 00
700
000
500
ioo :
3000
100
1100
100
300
500
too
300
10
IS0I
400
100
300
?soo
llUh
Msska riold Mines l'4
Vlnslt.i Juneau 0 M I ' 2
. llletl Chun & Do . 41
J Mlled Cliem & Dje pf HO'j
in AkDo Cliem . 484
Vm Beet Sujar . 41J
0 ni Ilo.'Ch Magneto. XI
ni t'nn . 3H'2
13 m Car A Ptl 131
Am Cotton Oil .'1
m Mltlo A Leather
tm lu . 4iJ
m lntemat Corp U'
1 m La Trnnce Kng '
Am tjocomothi pf 107
Vfn lUtlLitor 52S
Vm Snfetv Haor 0n
m Ship . Com N
4 Am Smelt &. Kef . 1?
7 u Smelt A nef pf 73'4
0 tn Smelt Seo
1 J Am Snuff 100
7 m Sugar lief . 0'4
III Am Sumatiu Tob 84'5
m Tel & Tel .103
13 Am Tobacco 'IR1
7 m Woolen . 4H
m Zinc & I.e.ul pf 3S
Anaconda Copper S7?4
4 s-o l)ij C.oodic 3fff4
B'Atch Top & ,,nta B'9 8II4
5 Atch Top A S V pf . 7t;
Atnntlc', Kiuit fl
10 tl Gulf SWISS . 41 '
.1 Ati Gulf & w 1 s s pf an
7 Baldwin LocomotlNO . M'S
Baltimore A Ohio . ill1 4
4 Baltimore 5. Ohio pf . 10
In Bamsdalo Class H 21
Bethlehem Motors . S'i
.1 Bethlehem Steel B .. 57'4
Booth Klnhcrln .1
Butte Copper & VSInc 4f
Butterlclv 1J
Caddo Central O & R ln'4
: Cai zinc t Load .13,
California Tucking 01
10 Canadian Pacific 1U!4
Central Leather 1H
lo t handler Motors . 71'
1 1 luiipe,i,tce & Ohio . AN'i
I c crio tie Pasco Cop . 27
1 hk.iRo & Ot West 7i
t lilogo X. Ot West pf 17 'J
Chicago Mil i St P 26H
Chicago Mil & St P pi 40'i
& Chicago Xorthcvcstern 07
Chl U I & Pac
2i
Sugar Incinc ib'e (lil, icenungton Tcpe I ,fl0(f
writer and litis I'lecator easetl I to ,.,
I' rrans, ont mental r.ulK were dull
unci geniTulh lower. N'ortliern Pacific
and Wi-sttru Pat Ihc losing 1 ami J
I points n sp(. tm h Shippings rallied
I nitetl hnnt retnecing its lts and
Atlantic (Siilf common and preferred
rising a point cmr cesterda s hnul
pi ices- Hmal Dutth and tin- tobi ml
wire rtsponsice to support, but pinesi
shaded again before noon, wlien sec
oudar.v rails becarno hea. '
RENEWED SELLING
OF PEVXSY STOCK
Big Insurance Company ,'isA.s,
Permission to Intervene in
Reading Segregation I
Itecurrent hence selling of Pennsvl
vinia Hailroad stocks furnihecl the
leading feu tun of the local marker
There were no fresh developmtuts to
cause uneisiness, but it was c udent a3
the tiac progressed the utock was again
fr.elv on tap and with the hiiciiiu
33700
100
500
.1000
300
100
3000
too
300
10
100
too
1000
.100
too
00
300
jnn
500
2000
too
two
1100
1000
100
fl Chl II I . Pncvfi'T. pf (tl'j
7 Chl P. I A Pac 7V Pf 72
Chile Copper . '
chlno Copper 3t'
fl Columb Gas Ulec . &'
Col Graphophone N'
7 ' onsolldated Cigar 41
Continental Candy l
4 Corn Products Itef . 7IJ
30 Cosden J, Co ... 28'4
x crucible Steel .. 0V2
Cuban Cane Sugar 2.1
1 c-utmn Amer Sugar 39 J,
7 Cuban tncr Sugar pf 04'j
Denver & Rio Grande 1'?
t'encer & Illo Gi pf . 3'
1 Rome Mines . 14'i
. Klk lloni Coal . . 30
1 Hlk Horn coal pf . . . 40'4
Krle . 11
Lr e 1l pf . lOU
P.rle 2d pf .. ..II
Iisk P.ubber. 14H
tJtnial Asphalt 60
s i.eneral Klectrlc .-l.Tl'i
1 General Motors 1V4
0 Central Motors pf 7 1
0 Goodrich B F . . S7'4
: (Jreit Northern pf . 71U
4 lit Northern Ore ctfs 33
(tret 11 f ananea (op 31' 1
1 Gutntaramo Sugar . 14'z
iu!f Mobile & .Nor pf 2S
. Houston Oil H
1 Hupp Motor C"i .. II
4 Illinois Cent NSW
BO Indmhoni.i Hef 0'i
Inspiration Con Cop 33 U
. imeib t on Corp . 4's
Intel Coll Corp pf "'6
Internal grlcul N'
fl Int Mer Mtiiiue pf fiO's
Internat Motortiuck 33'5
; Int Motortruck 21 pf 01
Inicinatlonal Nickel 14J4
tt Internat Vlckel pf SO
0 Inter Paper pf stptl 73'
Indnclble oil Corp 19 '
Island Oil ... 3?
leuel 'leu . s,i
Hi
I'a
42',
89
4S'4
42V,
tlH
2S'i
131
20',
9
49 ' i
43V,
SJt
107
72
014
?
3H
73'4
Ad
100
S9H
8J
101',
118H
8IW
IS
Zlli
3,1 1 i
Hi
7ft4
!i
40'
1.1 '4
8S'4
11
40
21
2'i
57
.1
4?,
193;
II
H
01
1I3H
3S'1i
71',
lisj,
26
7H
16'i
304
401,
on'4
2U
ni!2
7l"j
9
21',
SHI
S', ci0J4
I'a
70 J4
3H
Dl'i
31
291
4',
"H
1
IS'4
19H
4'4
I2'
19
II
14 4
.10
ISO),,
12'.
71
17
'.!
i
IV'I
14
.".
f.7'5
n
M',
0
3."2
4H
12
t'
50 1 J
II ?4
01
u
so
71',
I7?4
3 5,
I 30 Net
I,nt hue
I'd
I'j ',
43'4
80 14 '1
48'4 '4
4T,4 '4
1. i
28 li - i
121 I ?4
0', - i .
9
44'4 4 I
n
167 A I
72 H
Ji 'i
19 - I
7.1J4- 3
100 -i 14 '
90
5'4- I
ou.- 'i 1
IW'i u I
4'4 4- '4
28 .? Ti I
7'i- H
3l2- 'a
81 - '4
7014 - '4
flJS - 1
41
io 1 ',
19
31 I
49 14
21 '4
2' 5
J J 14
I 4
4'.
04
II '4
1H 1
01
inn- u
3SV. I
71'j
(1ST,
27 V S
7H H
li2- 14
2'4- '4
40 '4-
A4 H
25 '
(IP,- '4
73 H
9, - H
2U, - '4 ,
si4 - 14
8'4
0 - '4 ,
"OH - h I
28 - ,
93 H- 'A I
31 1 '4 I
29J, h 5 I
94'4 - '4 '
4 .. 1
3'4 !4
1J'4- ' I
19M - ',. ,
4'4 '
13M- '4 I
10 - l4 j
n - 'i 1
!4'4 ',
clcl'i r '4
lit
12', - ',
71 'J
17'4 - '4
7.1' 4
33 - 14
3IJ4 ' H
14 '4
Jl
07 15
n - 14
Wi- '
- ',
.12'4 - '4
44
12',
8', I,
01,
il?s '4
01 .1
14 - '4
80
71'.- ',
IS',- I
silo In t HUh
1000 Kansas c it .scuthern 21
IB I Well SpniiKllclil 'lire -v
109 . Kelae Wheel
lOOo , Kennecott Copper
! . Ke stone T & It
100 Lee Itubber Tire
200 3 on Lehlitli Valley
190 f Llggelt t. Meets
IflA f Liggett & Mers pf
300 j lAieuo Co ..
300 1 Ijft Candy .
I Loose-Wiles BlJCUlt
100 7 Malllnson . Co pf
100 May Dept Stores
6009 12 Mexican Petroleum
IOO 3 Miami Connei .
M9 1 80 Middle States Corp
100
200
tAll
100
100
200
1001
200
2iOO
300
400
too
30111
10m
ton
800
409
3009
(100
IgO
000
3.100
400
100
200
100
1000
ion
200
1200
300
1800
1000
Moo
ioo
4110
300
floO
000
800 :
1200
000
too
200
300
400
700
3 1 Oil
800
200
.IllO
4100
300
1300
11)00
1900
too
2 Mldinlo Steel A. Ord .
Mo Kansas & Texas ,
. .Missouri Pacific . . .
Missouri Pacific pf .
4 Mulllns Body
. National Con . Cable
.Vev Con Copper
0 .V O Tex &. Mex
5 New Tork Central .
. New York N H & H.
Norfolk S. Western.
4S
17
"S
23
2
IJJ
101
loH
1014
3d 14
B3J4
M'i
U7
17K
1314
mi
9(4
18 '4
3SH
33
Vi
10H
CHH
7U
l?t
97 ;
4 Norfolk & Western pf 7'4
7 N'ortliern Paclflo
A Noca Scotia S C
40 Okla Prod A. Ilef
8 Otis Kloxalor .
. Otis Steel . . .
. Paclflo Oil wl . ,
8 Pan.Amer Petrol
8 Pan-Amer II
Parish t Bingham .
3 Pennsjlcanla H It . ,
Pcnn Seaboard Steel,
. Peoples Gas Chisago. 39JJ
Pero Mnrouctto ..... 17U
3 Philadelphia Co . nJ4
Plercc-Arrow Motor . 20 J4
. Pittsburgh 4 W Va
1 Pitts Coal
I Pure Oil . . .
8 Pressed Mid Car...
0 Pullman ....
1 r.ay Con Copper
l Heading . .
leading 1st pf
80
38
. 3Si
139 1
, 14
aiJi
73
. ?!,
13 J4
. 3H
10 h
. 27JA
. 38
. 31?i
. 89
.104H
. 14
. 74'4
3'4
Uemlngton Tjpewrlter 37
. Keplo Meel . ... 27
A llepubllo Iron d Steel. ',
Republic Motoi truck . 17
20 llo.cal Outcll N V . 62
St Louis San Pi an... 21'4
St 1duIs SouthwcBt 3814
St Louis Southwest pf 374
8 Seors-Koebuck
.' Shell Tinnsport .
Sinclair Oil ....
a sioss-sherr
8 Southern Paclflo .
. Southern IUII . . .
7 Stand Oil of N J
Stromberg Carb
Pf
77
. 40"4
. 23',
, 43
. 7.1'4
, 3I'4
100J1
32
Studcbaker 60 i
Superior Oil Coip
3 Texas Co
Texas A Pacific
1 Texas & Paa C S- O
riilld Vcenuo
280 j, bo Times Stiuaro Supply.
100
30u
200
1400
100
100
3200
I0A
100
800
400
no li
200
400
300
3100
11)0
400
luO
mo
A01
400
100
100
100
100
100
300
100
300
300
1U
i
3? "4
24
1SH
9 '4
S3J4
8
119H
7'4
30 J,
IOO14
G Tobacco Products
.. Transcontinental OU
Union Oil
10 fnlon Paclflo
4 Cnlon Paclflo pf
4 Pnlted Atlov Steel..
8 United Fruit
I nitetl R Incext pf 23U
3 United Retail Stores.. S3H
U S Pood Products . 33 4
s U S Ind Ucohol . fl8h
8 U S Hubbei . 87 '4
2 V S Smelt & Ref . 30' .
4 Utah Copper . ... 4814
I tan Seo . - .... U4
ft U S Steel 8194
7 U S bteel pf 109
4 Vanadium Corp . 31
I a-Caiolini Chem .. ,1V,
Wabash .. 7;
Wabash pf . 30
Westtni Marc land . 9J
Western Pacific . 28J
tl Western Pacific pf 68
7 Western Union Tel 80 'g
4 WtstltiKhoUbn K A. M 47
WliiH-Ung & L i: pf !,
I White Motor 38 H
vhlto Oil Corp H9,
1 WllljsOceilantl 7 '4
Wills-0er!antl pf 144
0 Worthlnglon Pump 47 '4
22H
39
43
10 '4
134
23
A3
153
lot
1!(
MK
33 14
flS'j
714
13.1J4
1714
13S
304
314
18'4
38 4
23
3M
10
884
89 V
1SJ4
7J4
87J4
7914
34
3'S
178
13 H
30 M
74K
87 '4
13
37 '4
10 4
39J,
"J
3314
25?,
37',
3S
32 '4
89
lOlli
11J4
734
S9K
27
30
88
13 4
8P4
3I',4
28
37'4
77 Ji
40',
22',
42I4
73
2H4
108 Ji
.114
.194
7 4
4I4
21.4
23 4
134
9'
81 1 i
8
20 '4
1I9U
87 J4
30',
984
23 W
314
22'4
884
0714
.10 '4
484
IP.
8IU
10S,'i
324
31',
7?4
?4
a
264
88
80 4
47
181.4
384
133
74
344
471,
1 30 Net
l.,t Chre
23
39J4
4 17
154
23 I
52 -133
f
105 - '4
1834- 4
104- !i
3314 4
03JH l
7!4
1184 4- '
17ti
1314 1 !
3!4
3!4
18U - H
384 li
33 It
3H - '4
10 - 'i
684- U
aoj'.-iih
18J4- '4
914
6714 ( '2
NO
34-3
314 1- 14
179
14 4 14
31 I
7- H
AJ'4 1- '
13 I 14
174- '4
104 1 4
394- li
17 U
3314 1 '4
33J.- '4
27! i
58
31 '4 - '
89
104 - I
13 I- H
734 14
14
1
14
4
'i
A14 1J4
3-.li
27
26 -68
1614 4
21'.
2814 -i
3714 i-774-40
U 1
374-;
44 I
-1064-32
80 k f
74
4114
23 -314-154-
!i I
1'i 4
8 -204
t
119', -07'.
-164
'
1 4 -534
22 J4 '
07',
07'i
nOJ,
49
11'4
81J4
314 -
7 4
20
94
20 4
68 884
47 K 4
.is 4 -H4
7 4
14 4
47',
Carib Syndicate Makes Quick
Recovery Oils Continue
Favorites
New York. March 0. Cm lb S.vmll
tote, flfter selling down to tii cster
da, hod 0 rccotery to 5TS today. Co
llimbln L'tnernld reflected the seeking of
outside buyers nnd sold down to the
new low record ot I'j.
Outside of thin group, the curb mar
ket retlected moderate confidence In the
situation, although changes In the trail
Ing position were in nearly all cases
Hlightl 'Ottfl.
Omant Motors dropped from 21 to
JO'ion n sale of flOO shares. Sweets
Co. of Amerita hold nt 2a8 Bnd -4.
and Intel -Hubber was trndctl in to 11
trilling extent to 10. McClure's Mag
fl7lne sold at It
There was n little business in Ilead
intr ilirhtg at 11. representing the ccen-
Ing up of contracts made koine time
ago
(luffec Gillespie rontlniied the mom
inent feature of the independent nils,
ranging rioni n to Kl'fo. lay Pe
troleum, which woh sold nt HubNerin-
(ions n rouple of days nco nt 1. Ticldcd
to V Miiracnibo jieltled o liPt, hut
unit kit rallied to 224. Tetas Co.
rights were traded in nt l's.
I.MMJSTIU 11,8
n r 1 itlnff Pnr
Ilrll mer Tub coupon
t'oltimblii FmeraM
t)t rant Motors
Irilpr lluhbnr . . .
.MrOlur Mar . , , .
l"c rfertlon Tire , ,.
lOclla Com
llncllci Coin nrpf , .
Il-mllne rlxhla , ,
Sttcn'n Co
I M Shin Corp .
t x Vm
Lnlt"d Profit Hhnrlns
STAND ni) Oll.s
4-nelo Amr Oil I7'
I'ralrlct Pip Llns 100
Hlund Oil of Ind (now) 70
Siard OU of N Y 333
IllKh
S
U,
li
21
10
. 1
: Ui
2,
A
I,.
Low
r.
124
IS
20
1"
'A
2
I I
17'n
lfn
flP'
3'2
I 30
p m
3
IS
214
1(1
I
1 A
14
14
174
ino
All 4
331
IMKrKMK.T OILS
14
Commodity Markets
COTTON MARKET
New orU, Match 'I 'I he totiou
market hod a ninth hettei lone this
morniniz no in lie re uu i" i.m-,.,
BIG EARNINGS BY SUGAR CO.
by American Refining
Financial Briefs
. nA. I,l(,ll r
.. , ,,r.iiT , 11111111-) 11, .,,
public Iodic
Tht total or tliAuOOOOO I'teildent
ltil Habt il,itnetl icpieHciit the
Kinillint loin iff, hrfiitllocl In the histoi c
cr the eomptnc high prices itloiu
- 1 iniirii hik mini ii' ' ...... --- - -
powei aitatlv restricted further pnee ninPS t the latter point were aided be lotlning t'o in 'Uij hhons nn lm re is"
conctssicii was unavoidable As result Bn rirovp,i s-pot demand lirstpnets 0f $5000011111 w 1 tnt ,,r, , ,UH Neu
the stork under .'IS. wlilth however , herP .il0,tl gains of 2S 10 Iw points lUto11K, , , ,, .,nuu, IM,gr( madP
lf1ujnTffvnttitil .aaHk-l...l... ..t. I .l ..Ab . li.,i., lien '
..- .,..., ,,., uuihiiii tiutjer iusi nignr with War street nun m c '" ""
losing lecel 1(,v in(.r Dfrerings wire Mipplnsl
It was reported on the Stten m ihc,n ,w Or'eans nntl spot liou(h bin
eirlc nftellldon that the ilirn inra nt .l. lwc hod mo.i ot its idciinit tin!
emir in. iin natl ortleretj a Hntiping
udiiniciii in wnges This was in line
with tun jrosition taken bv tin othtr
large sc stems toward the unskilled
labor
iici hr interesting deenpmtiit nnd
win li put a new angle on the Mending
segregation controcerHV, was the peti.
ti in of one of the important life msn, .
,11 nte companies, which haH large meet
ments in the K-ading geneial Is, 1,, ,.
tiicerfe in the segregation plan
I'ht trading in the remainder of in.
1 "'ul stoeks was again tpiiet, with 'ink
c 1,11 nge in ciuut.ttioiis.
a,.in.. u., AM.niH
iMiaiiiiaa liv nn ci iLdri nn.iiiiiiii ...
1 t c iicectiir. nrir.T ,r ti,a.,c. .......
Shows $50,000,000 Increase dust rial t,.,u, ckclmed 0 33 per cent
sr !, .u ircn toe cuiciine 01 cesieruac to 7111 while the
uusinctia tione. u ine .cmericuu nufcni ra iroat s tletiinni n 11
04
pet
twentj
cent to
Nntuul ipon of the Uarns'd.iii f0r
Pc ration and ubsidiarc companleK fot
Him veai enclnci Ucenibor 31 shc.b net
Income .tftci nil ,li,irire, nnd IVdeiul
taxes of t. ".I. IS, ,oui alt-nl c ,15
.". -,' . I" ,sr- ...M...- .v-,u ,,.. ,,.. .. . - .- ,- .-
14 tints at tbe polls f"r the .n tounting 101 the Incrtast of gloss rt " """" lf- I1" vaiu. ) earned oil the
,. P4tiiniitel at IT. 000 bales against -elitF .., , $14 00n 000 outstanding ripltal stock
riiSVu n5" . ajwn. -Mies ,xi;::c: Th,;fr,M,i: wil" nrt inme ;
ton ig.i and lb !-' hales two ceais 1(ilf i()( n (ii) (()Uai f M(tqV ()I , nn, SfiG or j; 70 ,1 shtie en the I3
Alllcl r . . 11 10
Vrkanua Natural Clan H 74
Uoone Oil . 14 14
Ilea on con Ini: . II h
carib s:in 31,
r ulca SfrMc II ctfa J74 .'74
Urnnv OU . . 14 1
Klk Ila1n 14 1 . s4 4
ICiiglncKra Petrol . 11
lac IVt . ... . 4 V
IVderal oil . 14 14
cilnrocU Oil . . 14 1 4
tlLffo Ulllegple . ..114 lt4
Hudicon t11 4 4
It tf r Petrol .. . 104 104
Maraealbo Oil 274 .'14
Mcrrltt Oil 14 124
Mexico Oil . . 14 14
yorth Aniir Oil . 24 JS
N0M0 . . A 4
Omar Oil 2 4 J4
Pi educe! a Iteflner . 4 4 44
Red nock cell 4 V
Hilt Creek (new) 10 fl 4
s'lmnia jvt . ... 74 74
Skellv Oil tUJ rt4
lixaa Paclflo Coal i'a 14 14
I n IV vac O
klurlH Oil men)1
.
ll J T
.-ni 1,1ns 1. ID
, iw, iiiMn i m
11 I 11 ""
1 71 11 ' " ,n
hi' '-.'.i is'
12 IC ' in
13 - n T
GRAIN MARKET
. Match . A heiris., iniei
niortt of o(.h than one mill in 1 iitiuntl
IVfeirlmr t 1 the increased hukiit cup
pic ITtcHliW nt Babat as I he amount
11 the tictionul Hugai bowl in 19J0 rip
nsenttel 111 pounds for tueh pernon in
the I nitetl 't ties Th int'leaacrl auu
il In is.c) tep 1019 was HUtTlclcnt tn endc
'ant the 1 111K1I Stiiten fiom Labor Pm -tfic-i
until .1 most Th.niksglMng
OmO 000 capital stock
ccar
in th"
)rt ious
IllliiUu, i... lie,,,,,!
, lation ol me 1 h' --
FOREIGN EXCHANGE
Sen ork, March 9 Al the oijeiiins
The m ork Sn llrak fo Iibh 1h
HUeci itH annual irpon foi the eitr
Decembu 31 vhonmg net piotits
eliarccs antl 1 miinii ,., ..
, 1.8b0 equivalent to 7 . I it shale
e-irneel on tlm $10,00 U00 capital mo. It
its ivmp.tr. d with net prcjtltH of $b2t
J'1 01 lb J 1 i share in iqi
......... in
I UlailPln liri StnrL mint of Agriculture it lepori n '" of the foreign exchange market todav llie node list of the I'hlliid.ilnhni ,
n"aae'Iml ZtOChS li" lit 01 ) a iwh () hPl, whpa this M.-I ling Hhow 1 a r.tlh of 1 4. lire were change rul.s thit conm.Us I made ?h
- ' L" . niler whl'i prices oroke up 1 vt riancs untnannea, .sjcvisjt ucjwn iviiusc Icaiila I'.allioad Co tlfteen-vrui
I 11 vei 'n"rnl,nK "n' the drop Mippntt tvas 3 gulldera up 13 pesetaH down 10 r,u per ,nt net ured Kold bonda due
ltlh -rt. .. . t iflPllU ( Ti 1P ,,,'l' . "" . L... 1,K,.1. ..mill .ntrA fhi-Udji,,. KE t4V...,.. ( 1 .. n r ?..U ""'HiB UUP
e. Stnr l5.4 104 foi'i. "'T ulnished be th, loBdinK -"BJ";'" $ W Kp'eiihWn 'wlnecl 76 IhuwI Vhall he.'o'n', , iZrM
en Mot l 1 3 IS . lT n,i , nines had u purtinl Hiocirv in; ,,,,, er unclinngecl and Beilinnltc March ll he tin. ,iiVi. -.... VJ-
l .. V.IW, 28i, 2SI l; Ko,erjimtnt tigureH 'T '" rT, ' hocd a R.ln of I ixilnt I'eniwh ,n,a Itailioatl Co em oral"
h .Na l.tl Hill. (,()3. .11 1 r s. ... ej tent bv asseitinns tint Italj Quotath ns were ctrtiMaites emioraic
a l! It .W-. .'177. -ITT 1 L 1 k iht WK) (100 bilMels ol ""en 111 Demand Hterllng .IK.4 utnien i hk
H "alt lK 7: i! .:; ill;1 , ,R,;o.for hn, f....;.. .J 'f'- J" ': L,vTMg o.mTATlrt
' - 1 , -, f (1 l vrtWlf-1 . iii-vnn W VM- ninB .u(. i . -- -., -, w w , , ,v,,0
it I. ..nannn II I -l""' ' TITM rlKi fj I 1 . fill in I tp..) rut u II .
,. -v . .... m n 11 " wr
.." l
c.
S. PATl'ON & CO.
31) A CHKSTNfT hTH.
BANKERS
Kctrreacor lo
Mtr.n 4 srr kniov
lltiucls und MocUn Imtneht unci sold
on comnilf..lon
Mc.inh.f. l'lilla Slork Ktrhanve
'2: ! Kl
notij
r. 1
"'11 l'lniii -
cum pf 1.1
111 Hula Kleo "j
.'(i'i do pref L'7i
SitRi ailing 71'4
."1 Tolltl Hel 1 I j
lis'iTono Mm 1
I I I n Trae 30.
"11 r O I pf IUS
J.'i .ler .1
S S .",.'.
rlia r 11 ail" h
1'.
1
30 1,
jii'C
33
s-"
27'
7'1',
P .
1
3d 1
I'i
to '"I
tetc nine
to 1 V.i
UIMVfc
Alaska Or Columbia
Atlanta ... ... .
Ill IdK
Ilooth . ..
Doalon eV Mont ....
t'alccl Mln
I'andelarla M . . .
Ccna Vlralnla
fortei Hllcer . . . .
triaon eiold
Creacent Mt N'amara .. ..
I.undce Ariz
Knuna umPr . . . .
l.urt'l a Croc.tua
Kur. ka 1 loll j . .
elolct Cona .
Hold. Dec el ,,
(ioldAHd llorciice . . .
('.old Hllcer Pick
tlolti ini.
Ureal llend
Ilecla Mlnlim
Iron llluicicont
luinbo Extension . . .
Knox Jtltlda
MtN'amuru.
MbKina chief
Marah Mlnini:
Mother Iioda
.Mplaalna . .
North Hlar
tiphlr Slltei
Kex C'ona
Itochcaier Minctu
Sun Toe
sitter Kim Dlcld
W Hllcer I.eAd
uccena Mln
Tonopah Iltlmont
1 onopah Caah lio
Ttmopah Kxtenilon
Tonopah Jim Ilutler
Tonopah Mldvtac
Tonopah .Min
Tunopah Mlxpalt
'lonopah lontalla
'ttnopali Htracun Kula
I iiltnl Kaattirn
Vlclorc
Weat Knd Con
Whlla Caps
WlDtTl
IIO.MIS
Imm sn ( hem 74
Alllel lei ll lle.4'
AlldCOIldd IN
Anaconda 7e 111. 9
Amlo-Ainer Oil 74 a
Armour "
Ileatcjr llciaid e
llelll Htetl 7a lUJB
Ileth bteel 7a 130
C erro do Pas n fts
Copper Kxport Cic l')21
e 'upper Kxport aa 1I2I
( ons Clan Rs
I-rlamoud Match 74 1
CUlena 7a
()en Aiephalt 8
tJrand Trunk 04 a
tlulf OU 7
Inter H T 7
Morria TA a
Ohio I'ottei 7a
Har.Roebuck 7a
Seara Hoebucn 7
Hear Iloehuc k 7a
Sinclair 74 a
holcac ha
Houthweat Pel T.
itand Oil N Ti
sttand (HI V li
Toxaa Co "a
11 ... I. ..ninlin ni
till I' O "I" , rti.
11SU1 ,, s, 1 IMI at the c , lo.
Hf ""' ' Vi. Ci TM nt the Clns.
th utM't, Hgni""'. -
indui fl
htfiiomont
i t ti Ve TofR jtorl Kxchartft-
i 14 s
4 ' in 'i at 11 utt t iH oi our 1 n utirn
tnrffut n fi i ii fir t miiut of thu
u-tf ii.e"t' ' la I " tr n9 hold Ho mil
T Wi ' infrrir
NEWBURGER.HENDERSON & LOEB
I 1 ll ' f 1 I rl'lti
lnci.1 p lul Stuck h J( hflctJM
1 1 in t II I si st 1 cr
M Ki i'i.
Tr Is
1 li-h.gh a!
( oal 3s
10 I,ib Ilondx
'd I'.N
I . 'Id I'.s
IIOMsl
II gh Inivc
t n
0.",
rii
.',- I',
.11
1 tesicrcllic"
I I In goceinnient
H.-ti.cg ..r.lPr tn l.n ro m- " I'
;' . Hi- "mi Hi.nltti and rli.
he 1 . ('"',' i"b "UM i""'(L '.' '-
"7 I nt 'he outfit uBiim-t .-r,t" '
so m sn si stisi 10
'n" 'If. i L'll !if) 3tl - ii '
(i03-J(l 4ih t'.s S7 KI Ml III) M (IS
i3, n H,s . H7 U (17 l' Ji" I-'-
t) Penna. Co
Ii'.jS
1 do "n
S Pen Pas 1 1
Is
? . . --1
t.rilat s utsi pi'"
I (nits declined undei free selling I he
bi.ik met lestillg nid.r- I. b-n
It opened (It ' '" " -r
'niti.iist Aor .11 'I'" ,'y ',tr'ln'
I ,,, Jd1 I".. H -tan;.! l
i'N., t.. 13Ce. against 10 ls' at the
li 7S chec kn 1 e 7 culldii cttjltH 14 J i
ilietka 4.'i pesetas cables 13 SS
checks li Hi Stockholm tablet. .'2 in
checks .. io 1 opmhagen cables Ib'cft,
chee'es IS si Belgian cablos 7 37
checks " "fi mirks 1 B6
The piiiiilum nn New ork exthanKt
In Montretl toditc was pi activtll tin
changed al 14 1-iei pel cent Tint din
itnint on t intdlan funds In Ntw cuk
wan li J'i P r cent
ii.siriun. s unci qtorei rio,
HIciUiu Krauca Lite uu ti 1 1
t -11 a 1 rt I S'C4 el no 1 1)4 It h,
( aUe s all 7 01 S (') 14 J',
lnfJAl s cipRSivri QtOI'llcjvs
Si rl nic Franca I 1 ro- eui 11 r
DttT tr d
c"ab ei
1 ST
I SH
' 01
r ot?
1 DO 1
1 117
14 .(e
34 .0
ter
ertl
fat
BANK CLEARINGS
1 ...crinira tt,la rompired
c J 1 s a as! two ears
lid in.'ij
OS's OS", 07K
I021i 1)J 1J1-
e 't
The
First National Bank
of Boston
Capital, Surplus nnd Profits
337,500,000
I Raw Sugar Market Irregular
nd ceslerdm
NEW YORK COFFEE MARKET
New 1i.ll. Mur-h. ' The rc.ocert
ot IJ'i to 'l"0 ieih I" ti" Santos futures
tllllllgll iciliowetl 111 11
ni.li reiiiirtini: in iiucnnci 01
r 11
Oil 141 Ic
J.' f,07 JBJ rJ 34U
mill kel
special eol.lt report II1B HI auciiitf "
, 311 rent,, a dec line of -'2.. Ids led lot ill
MONEY LENDING RATES
MW I mill- Monec on rail both
classes ef collatetral opened toduc at 7
per tent for lendlnix and renewing
riiu.wiM.i'iin
tune t per tent
call 6 pel i-eni
commercial papci
New ork Mar n ' I h law Huiirl'' , ' ,n 4nut ou upwind re ac t mil three to six months 6 per cent
narket IU Inegulu ire 1 ul.an . mm ,H ' , ' ,1MiIM ,nd on the tall 1 Vote. Theae nr nierelj nominal quo
Kinaneu 1 ommlltee nttT 1 u sursis at ; ill t iiiuimi 1 ..,,, I t itionH the. leical nte of Interest In lh
cent, cejat and freight vi Vrs of I'e.i to I pi n 1 wne weiiuei hi 1 ' ' Mlt, of I', nunc lcaiilu belnif Iled at 6
niton wero "llllnc to stll below tl s.iihow the piecious 1 leesint, ii,ur s j( , l(,n( j,UH pr(.mlum and om,,,!,,.
Frederick Peirce
novi)8 jp ft iwr.nr
ron (XbO. MKNT
Utl Cbralaat Sir eel, rhllacdtlphU
Safe Bondsfcr Investment
HALSEY, STUART
&. CO. Inc.
blUUS While hltll UomlllKO. s 1,1, off-reel
at 14 ts-nta c 1 f or 0 S! 1 elite iluec
pa el New crop exportK to t at tic
reorts were B'J '15 terns and old rop
Ihiji) tons Susnra rt ticed cevtltiilav
wore .4 4cio btfTH ' ubas he Warnir
tt nun bans I'orto It'tou lij thu mr
lean Co 16 Ih'' hailf I'e rto Hie os In
Howell ajid tiOOO b the Federal sa'et
cesterditv were 25 Ofni baifa al 6 96
tenia to a New erlt reflnei Thenuir.tr
Unance tjjmmlttee announce!) that t h.us
sold Cubna clost to Jj 000 tone The
price of refined nuiritrtM wan adcan d
to 9 centa leas J 1xr cent In How ell
und the National 1 o In New ork id d
the I'ennlcanla 0 n Philadelphia
tnhtr n tlnera are e it of tht mitrktt
Prices Steady on Parlt Bourse
Paria, Mftrrh 9. Prlcett were steady
on the Bouroo today Threo per cent
rentes, esfr 40c; exchange on London,
Rare sun. B ner cnt loan, 8.1fr 35c, The
aUar W Quoted at itr llo,
f t .inn.! Mice iiien woiKiiiK
,h low leiols that it de.es not take
much in tlie IM "f fninniblf tit ( lop
. ...... I. n n A lit lf 4
mint to ''"" .;.. .. .,,, 1,1,i . .-,..
fiiliir. s inn' u i' in, 1. 1 ,,,..,..
eion nine nioiiec for thirty to ninetc
diics h lo toed at 8 to 8 '2 c r tent
vtille citnnn rcltl pupi r fiom thrte to
m mciiiths, Is bilnu ofTend ut 8 to 8'
1 ..tr.
, ,,. . ,......- -- . ,
cuius and nrc.untl 11111111.H c""" '"
HaHB-d off 1 to lic-int- from the bis
,,,i,t of the moinlnit 'I lie w unlit of
intual iiilTn, toupled with a 1 ontinin J r
cue liniittd liuiiiB p"wei and Ktnu ,
iillc inn- ttled and inn 1 nam IiuhIiiprs ,
It, .,u siiein tn WCllk IllStlinSt Millies N
atid it unpen 1 h to be .Utile nil to suHtoin , ''' '
line iiilcanii ' l.ictiinoiid
'Pl.n Interior is not blivine coffee el- .tlania
ept for iinmeiliaii ii(iiiienieiits and " "
pric s fur tlie apnt article arc wiukinc, Mmaap
lower, tonn Kio ih beliij tinoitti as low
ns OVbc, villi Honioa -is ni 'ir.
Teat cloao
11 Tocgiei
A 14W
7 BOWIM
6.bTO80
Reserve Banks' Discount Rates
ilinnuni rnt-i nt tl i v 1
1 bjiilta are 11a follow n
Fed
16.1
10 .'J
IP.'I
lain
IMI
I'i
1
,A
OB
I.'
15
a's
Tl
lo.
U
I
1
14-
1
S
,
34
17
2
,?''
S
IT
14
-"'
S
SI
7S
el
In
ti
4
1 A
'eT'.
lie)',
III!)
llt)
'il"
leil't
J'i',
IK".
'("
11)1
IH',
Hie.
M'i
Itlc,
8
(
4',
nt',
00',
ItlO
(eel1,
102,
lm
I'I
I 4
11
15
t
8S
1
12
I
1
V1
el
111
t
o'
n
s
IT
14
.(li,
6
r.i
A''
i,".
14
1.
11
! 1
4
UT',
"fl',
at)',
3K
MX)
IU 1.
SS'j
leT
I5S
104'.
I1
Pie '4
tm'.
101
MS
11 OS
94
cs.
10
'ir
dfi
04',
nm,
90S
ion
Dtp,.
ifij
lei.'i
'is',
IS
J.c,
I
1,V
!?
10',
i&5j
1
2
4.
10
7'
IIS
I'.
6
DO
IJ
1".
',
70
I
t
34
rt
lej
3',
n
a
IT
it
-n K
8
01
T'l
n
1A
s
el
-
"A
1
1',
S
1A
I".
14
I)
I'i
J',
iA
1
nT .
leu',
H'i
1M4
tlMI
111.".
88',
7
DC.
104',
'10',
liS
IiO'ti
101
)1S
UBS
MS
t)8.
Oil
(I'i
0H.
94'.
4V,
(HIS
1(Vl
tlfl'.
10.'
UU'.
'IS',
Spruce 8200
New Issue
$400,000,000
U. S. Treasury
Certificates
5 due September 15, 1921
51 due March 15, 1922
Both issues dated March 15, 1921
Wc Solicit Subscriptions
Price 100 and Accrued Interest
Commercial Trust
Company
Member Federal Reserve System
City Hal! Square West
Ask for
Circular 73
It will give you the
reasons why South
western Power & Light
Co. 8 Bond Secured
Notes are being pur
chased by investors
seeking, a long-term,
high-yielding obliga
tion of a conservative
type.
Bonbright & Company
437 Chestnut Street, Philadelphia
New York
Boston
Chicago
Detroit
Mew
July
ODen
D 80I38R
H M2el
i- i n
(ni.
Bit -
Kftnaa City
DalldB
Han I'runcldcn
Tin
'.',
II
tt
ll
II
et
et
r. t
tei
11
6
Ml.
el
el
1
el
(1
IV,
il
1 i
n
ii
n
r.ci.e
tI)lcount ratci corroipone), wlUi
IlUric
II
r, ,
ii
e;
n
Intercut
fcnitember ...1.1c
If !
. ...''l'"' li'T" P -i TTL,i: itec-i-irmt
eeiiH) head llrf hixitk t.ml butcher nh
"'"', '. '!"" '" lv hKhr Top bcf Htfera
?5I- ,1. "" ,0. """" hr''1 hlBhur rlitilre
ldi, lb tudrl ntr "Itcric $10 B1 bulk lcf
Jn'wv s -'IWIO 2-4 bulk fat .he- tcU
JtlfS tanilem nnl e-uttnree intialli $ ITU ,10
lulu i'o bulk 2riJll . cltHcic Htfacl
fouler, ncino bum IT Tltf-j
MW1 UnlptH 18 flOO tirnrl Pificnto
, K"i ,h"tl "'I'll' H Hterusf lldht
ini'i ""h' buflir- up iihim am) Mrmalh all
Jm tnaH1 r".' r h,,'lk :o" bn tlimn
li. -1 1," " . ,";1,t,i ii0 IM u" IH'inff
Id " nlit, J'ip hlhliFP'
siikfp He tipiH ii non h.jii ni..r,ii.
tr flrMt ealei .'V llKrhcr lnmh t.m
1 Kl - i nthorH IimI I ,iniM..ulil, V,ini,
lulk fat umbH uiriv ncoinjs i.nii.
t?f! eailv $ I J",1l " 7ft
l.ill llllfllllo. S Mi! hi) xiii.r-
! clpu j;-, i uU i st,.,rtt i iltmii
teluta arMi li. ad '-ti-jcl JHli'(i
, ",'.,l,trU' '""i1' -"""lead S, atcaiK
iir-inW-1. "',M 1 0 -..1 ir 1 1 . mix. I
J V'tZll ,-, orkjr 117r, iit viktri
llii oi , uacl 11. 'J I". u tri. tit -.'. f.
t,.'ni' "U'r, " " 1W" '" "a-S
s-iti:i:i' si, i.Mim-nripi. 6cm ha.i
unhL'neel '"nl"' '',,Sl1 """"
1'llti.l.lirgll itarrn 1 - Ooi . iwc-ipi.
IMn he-acl Mm. II-tM., 0 lofi 10 ,j
b. s vorlter. I slit Mirk-r i and pl Jlldi)
mm. i i' n i iii itoip,., mo h(,H1,
T-i't t t-o0n .V "" '" " . latnl. MOM)
in. ill H'ip i I.-, head s. h
1111 S liliU III Mar h f) I A ITI 1
.ipln 310(1 li-a I Stn.r, NIr0I11 , .j,
MkIit Tup H0 buk s 7r. flu ."; hclfpra
5!,. COWm ptT"r"' '" "'bad- hliihor bulk
n, 1 411m mronw to ii hlnhcr Mcxkerit
ami fe-eliTM ntc-adj lo atron or AHlnal
f.. Icra 1 lulif. ton 1ST. bu k 17n edl
cihfi. tm 1112". bulk JlOftO'rtn
lltiUH Krie-IPIH 7.101) head Ocwntcl
fn r! acluc ind Htindt but now dull und
lVti.'ic Invtcr tlian jriterdnt u ,.ro.
lop ll "11 bulk llslita and modlumit 110 71
fi' 1 1 40 bulk ht-atlc Mo .'Ifi in 7ft picker
nM4 and plie, attnd iurill t hoc e llmitp
rhlpplim ordera with inant cltv butrhnra
orderliiK hJiipIIps from tc.attru niorkcit re
dured artltltlcn cnnslderabl)
SIIPKI' ntrcliila HO head I'alilj ar
IU" and about .'tic hlKhcr on fc k.i1u n.urf.
riualltv medium m dtlt of Bnncl intiM
lumba unld tte lo $10 mixed load of n 'dluni
f.arllngs and to ipar olda brought 17 71
RAILROAD EARNING8
SOUTllKnN nAII.WAT SYSTrM
(Line Kant nnd IVtet)
jtt.i incifasct
i! WM 'II. 070,1178
LONDON STOCK MARKET
Home Ralls Buoyant Continental
Loans Well Maintained
l,onclon, Maith 1 With the- cut
watchlnK lntci national it opmoiitK
the Block exchniiKo iiidtki'tH ere- cjultt
and IrruKilUr tcjclit Pruirre-sa tltli tin
rliamentarv lull decontrolling the coal
ItitlUHtri c.tUHd renfuccl bwoinni, Jn
lioniej tails It also lee) tn n feeling of
Kreatt-r tonllilenco n lln li .lustrlnl sec
tlon Hudson t Bat huh i, t4
Onh minor channe-s wm noted In thr
Bllt-tdnetl lneMinini HhI hut tht) under
time of tliPHH Whiich hhb tteMtUfr On th.
other hitiicl fontlntntal loanet m ell
malntniniil Mi Moan dt-HorlptloiiH too
cr haidci
Oil Hhares lallic-d e-hell Trannport
uaa 5 5 II and Mf).ii.aii I.jkIo ot ,0
uir hKiuritirn iii.iicu tipttarti in sj ni
I.atht with Nvt Aorlv . xi Imiiki incn
tine- lulls tsre NtiHtamed KafTliH tttrt
Hlead.)
DIVIDENDS DECLARED
s II KieiiM Co quarter i of 4 p
cut on preferred pavablK pril 1 tn mock
of letord March in
International Motortruck Co quarlnrJ. of
1 per cent on Arm and lecomt preferred
piMilile V r II 1 lo atoci. of reeonl March IU
I'ntted Drufr To eiuoiierh of 2 per cnt
on cniiiliion pat ibli) prll I to atuok of rec
ord March Its
Ivirr I tlm tiir!. to oui'ter )
ccniH pu jbli April 11 j k oci. c
An.ll I
MliM-llik Mills ciuarteru (f io on re
t erred paable prtl f ir ,iUc k of reiord
.M in li in
llrtrnllil 1 lien nid lm c iporaion .uihi
lerl 1 Hi per cent on il i i , m pr. f. rr. .1
2 pflr .ent on 1 pei .em preferred an I 71i
nil i in nn n ul i.nali i "ipnl U mock of
record Mur h 11
lloaliin Kletuted ItaiHa io ouartirli
of II .li'n on r nun in mutili. April i i,,
atoi k of iet.01 I Martll 17
Sew lork t entral quarieiii nf i' D,,
V.'ei. i"aW,b'1 SU ,u "" "' r"l
Al'ni i
iwmni i inunnnli ('hi aan
Louie cniarteiu of 1W ...r , ...,
fund im all pnl .o t i h oi.k t
April I
$112
Annually on
$1369
Invested
in a selected list of pre
ferred stocks and short
term bonds. Average re
turn on investment is
8.25 per cent
The securities mentioned
may be purchased sepa
rately under our monthly
payment ' terms or the
group purchase may be
made on a first payment
of $270 and monthly pay
ments of about $35 each.
Bulletin PL-45 together
with our booklet thrift
Saving - Investment will
be sent free upon request.
Carles II.ClhrksqI
66 BROADWAY NEW YORK
TELEPHONES RECTOR 4663-4
w
of Ut,
( rt ion!
al d St
pie
.11 d
I'lill.i MilinliKton A Hull more
Kepubllr of t title
Terrr llitiitr, Inelpla A l.n.iern
Tutlor Micirlon Iron A Htecl ( n
IihIpIk. Nnrthrrn Irurtlon
I'lirtliilld llr . Ufht A 1'ottrr
lolinatonu 'I ruction (a. Itrfit
I nlcin K., (ma A Klnctrlr (n
( ounce It. i lnbUiit ( o
I'ciintiltnnla Compuiit
Samuel K. Phillips & Co.
Member I'lillndrlplila Hlork liitliunkr
SOI ( IIKhTM.T HTIIKK1
4', lOil
X'ti Kill
,1' IUII
H'a IM!
I'a Itm."
ft'a mi.
K'a 11)11
,1' III .111
4"A' 11)11
IVi'a 1UJI
GEO. A. HUHN & SONS
STOCKS ,M llONDs
Member, of the rhlluilrlphlii, sru
lork und (liltnmi Htcick r.tcliiiii.,,
Nen 'Xcirk ( titloit l.xrluinitd
Commli.lon Order. Executed In
All the Principal Market.
Liberty Bond. Uought and Sold
llelleiue ( ourt lllelu.
MIN Wulnul hi
1 (llllir
1 1 1 llrciitditut
The Moql
Important Thiny
at the tetait of .1 Iiumiu
iniciT is youi b.inltiiii.'
connections. In .i Kik(
bank ou aic apt to I"
ovei looked. C'omu to one
whert' personal bCDa1
domiuutC". 'I III ! (I lOlllllUl'twl " '"
Third
National Bank
In the Center of Thing'
Oppo.ite Broad St. Station
Ueoember.
. .. .... A..i.n.... tAwpiA na a.....
ratcv iMiii.q v mniiii,""" ... .--. v..i. .
..nr uHte, minimum nf fi nor rent In the r. I ttVmeth wmU Vai
flHIWiTi of lianaaa Clu and BV. pr cent In Int ca Jan, l-Keb 28 27 SIdIsh 3'ailS7?
7,oa49 ot I-blladcJi-hla. i Dttruaie. , 1 I
Gasoline Now 24' 2c a Gallon
" ieirU, March D Rediii.ftnn f
'
oy mo atanaarti tin e-o nf Va.. r....-
rff?"v Vi0"' 2Hi PS,. il B'lll0"e Will
"'' 'vn w,Kvjr i.u umviniurc.
twei cejiits a cnllon wholeBiilo In the
nrlto of KaHolIno wm unnounctd today
by tho Standard Oil Co of New Jero
Hnrrisbtirp; I.t. (L Vr. 5s, IOjU
I'lillii. r.tcctric lis, 1921i
fii-orgin Uj. & I'r. ."is, li),-,
Gcorcia Kj. A. r.lec. ,')s, 10 til
B0ENNING, GARRISON & GO.
HTOCK EXCIIANOB I1UILDINO
Illttjct 1'rlTaU Ttlipbom lo New Yark
Uemtem Vfclfja. Utock Exthaoxt
CUBAN-AMERICAN
SUGAR COMPANY
Firt MortgageCollateral 81
Due 1931
Price 100 and Interest
( If I (ll nil ('
PRATT, BREHM & CO.
BOURSC DLDG., run-
f-tirnb.iril SU3
Main 3MI
W
tffi
T
PSt&h trtawAan
.
L' I w j &$ t
W.ftjyigry.'J A