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EVENING PUBLIC LEDGER-PHILADELPHIA, MONDAY, MARCH 21, 1921
19
V
.! '
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' - I .
Bagjaaaaw
feN
A REAL
B00KOF
GRAPHIC
CHARTS
Covering the price
biitory of all active
Stock Exchange it
uea hat been pre
pared by u for the
we of inveitoirt and
traders.
While the edition taste
copies fill gladly be sent
apon receipt of tOe In
ttampt to defray cost of
mailing. Writ for Q-10.
I F. MeGOIERR & GO.
Memner of Poll. Hlflck Exfhante
1434 South Tenn. Hq., I'hlU.
jj,w yerk a ""'"'
The
Motor Industry
Condition among the auto
mobile manufacturing con
cern hare greatly Improved
during the lat few week.
We have ittued a tpecial
letter on the Motor Industry
with pecUl reference to
Pierce-Arrow
We will gladly send a copy
io any ono interested.
Ask for L-6
P, K. Guthrie & Co.
Memb.ru Phila. Block Exchange
1418 S. Penn Square
SUITE 800
STRUCK 348 IIACB 521
Private Wires to New York
a
Cuban-American
Sugar
The current lsstio of our Market
Review contains an Interesting
article on this company's financial
and physical condition anil out
look In the sugar industry.
Among other stocks discussed
are:
Allis Chalmers
Salt Creek Producers
Submarine Boat
Hecla Mining
Sent on request for L-tll
Hughes & Dier
I
Phila. Block Exchange
Pittsburgh Stock Kichanc
Chicago llonrd of Trad
New Vork Produce Excitant
Member
1435 Walnut Street
Philadelphia
rroee 843
New York
It we 1803
Cleveland
FltUburgh
EDMONDS OIL &
REFINING CORP.
The policy ot this company ot pay
In 1-8 of profile lo eto-khoder, 1-8
to surplus and 1-3 to development,
cha.ractert.illc of other large oil
companies, haa reeulted In building
up propertied valued at double the
company capltallxatlnn, building a
suh.tnntlal surplus nnd paylnK
etorsholder 24 In cash during 1020
and 1(1 the first throe monthn of
this year,
fleiuf for circular and map
Ask for ,f-5
MELHUISH & CO.
40 Wall St., New York
Telephone: John 6008
Boston Baltimore Worcester
"This Hauss has never sold a &txvritv
uMch failed to van its interest or
dividends."
Boles &Westwood
Members Phila. jSlock, Exchange
INVESTMENT
SECURITIES
LaniTitte JMdfc, Philadelphia
ftiONb i LOCUST 4721
Empire Gas & Fuel 6s, 1924-26
Georgia Lt Pr. & Rwy. 5s, 1941
International Trac. 4b, 1949
Amer. Lt. & Trac. Com. & Prcf.
Morton Lachenbruch & Co.
42 HnOAI) ST.. N. V. '
PMU. Telephone Walnut B49J Uace Glttn
Private Wire to New Vork, Chlcugo.
ot. Louie, IMItabursh Detroit, Cleveland,
vrenu uapiae.
Liberty Bonds
Bought and Sold
Edward B.Smith & Co
iBTiiLimiKo 1802
Member New York and Philadelphia
Block Exchange
HH CHHSTNUT 8TIIISCT
PHILADELPHIA
C. S. PATTON & CO.
w CIIKaTNTJT HTfl.
BANKERS
. . JSnfV)orit
ArLBR ft htkVknbon
MM and atoek bouibl und aoU
Mender l'hlfa. HteeV Ktetunir
GARRISON & CO,
Investment Securities
1030.32 Widcner Building
Vernier. N Yt a pitl. Btook Enhances
Bprw. 8.10 . R,0. SOTS
,
Modern Banking Methods.
In a Modern Banking House
Resources $19,000000
Union National Bank
MVner Arch Afreet Crones TMri
IN PHILADELPHIA
NEWBURGER,
HENDERSON &L0EB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
Time-JTeated Bonds
Returning G to 0
EDWARD V. KANE & CO.
Morrii Building
Katnbllsliedf 17 Yar'
TWENTY-FIVE
High Grade Bonds
Yield 5.50 to 8
We shall be pleated to send our
circular upon request.
ISAAC STARR, Jr. & Co.
Member I'litln. Stock Kichnnge
New lork Cotton Exrhange
Sixteenth and Sansom Sts.
Phila. Jack O'Brien's Health System
Flesh Reducing Body Building
Tex Rickard Boxing Tournament
April 10th and 2Uli Enroll Now.
lloxlnc Taught Hnnd-ball Hoys' Cissies
8. E. Cor. 10th Chestnut fits . Phil.
Madison Square Garden, New York
WIEGNER, ROCKEY & CO.
Certified Public Accountants
Drexcl Building, Philadelphia
U D. Merger Co.. 00 N. 2d St.
Haiti 1000. Uarklt HI
Galvanized Boat Pumpt
How To Trade
In The Market
and other rules and
methods of interest to
traders are given in our
free booklet, "The In
vestors and Traders
Guide."
It tells:
The General Rules of
Trading The Rights
of Stock and Bond
Holders The Deposit
Requirements for Car
rying Stocks How to
Give a Broker In
structions Broker's
Commission Charges
How to Indorse a
Stock Certificate
How to Group Invest
ments. Call, phone or write for
No. TU-386
Ask for latest available
news on active securities.
I
JONES & BAKER
Specialists In New York
Curb Market Securities
PHILADELPHIA OFFICE
WIDENER BUILDINO
Telephones Bell, Locust 4730
Keystone, Race 2200
BALTIMORE OFFICE
433 EQUITABLE BUILDING
Telephone St Paul 8431
Offices In 8 Principal Cltias
Direct Prirata Wires
Ullllllllllllllllllllllllllllllllllllllllllll
EMsVfsVsVrs
Tin Roofs
and Fires. 1
I WE TOLD you that in 1
' ' 1918 the nation paid
$567 a minute for fire E
1 losses but we forgot to
add $1333 a minute more 5
that it pays for, insurance,
5 making $1900 a minute, or S
S nearly $3,000,000 a day,
E for fire loss and insurance. E
E And yet some people think E
E that shingle or gravel roofs E
E nie cheaper than tin! E
E If tin roofs were put on all s
America's buildings to-mor-.E
E row, the total snving in 1921 E
E would feed tho starving chil-
drcn of Europe.
Hnve vou any roofs that will
E burn? Ask your insurance
S mnn how much you would save
in a year if they were nil tin.
Then ask a roofor whnt it E
E will cost to put on roofs of
S NU-DURA-TIN, the standard
tin, nnd see if the saving in E
premium mono win not. puy
S tho interest on the cost of the E
E new roof. E
E Are children cheaper than s
E tin roofs?
E nin mrtai. ci.un ok phila E
E 005 AltOH HTnKRT
PeSHHHHHKMTar
GOSSIP OF
THE STREET
New financing has been confined
within extremely narrow limits during
the pnst few weeks, ond it Is felt In the
best banking quarters there will be no
pronounced activity In this direction In
the Itnmedlnto future, particularly as
me Issues already outstanding are not
as thoroughly digested as they Bhould
i. ii.-i " , . , " . , ,
lie. Uealers are understood to be fairly .
irec from securities on their shelves at
the moment, except in certain securi
ties which Merc not well placed when
they were brought out.
For Instance, the Chilean Govern
ment bonds have not been sold, although
every effort Is being mndc to gradually
place them with Investors. Some other
Ijsues, Including the Gulf Oil Corpora
tion bonds, were not well placed, and
when the syndicate was dissolved there
was a sharp reaction of several points
in tho bonds. Therefore, bankers say
there probably will be only a compara
tively smnll amount of new security
offerings in the Immediate future, or at
least until such time as the market has
shown n very decided Indication of bet
terment. It Wat onlv niturnl thnt. nrlcc should
have eased off nnd that the demand for
securities should have lessened In the
face of the great onslaught of new
Issues that made their appearance In
the mnrkct In January and February.
It waH enough to break any market and
therefore no surprise was caused by the
ultimate outcome in this respect.
There are a number of Important
financial transactions which are now
being considered, but bankers say that
It would be unwise to attempt to place
new Issues at this time, particularly
ns the public, at the moment, seems to
have gone on strike, fo to speak, with
respect to the securities markets.
CurtAll Coffee Production
It in understood step will be taken
In n week or two to further curtail nro-
duction of the leading copper properties
of tnis country. The reason given is
that the present nricc is below cost, nnd
it has been decided individually br the
vnrlous companies that It would bo to
tho benefit of nil concerned to keep
down the output to as low n figure on
possible under present conditions.
While, of course, this curtailment
cannot hove any Immediate effect on the
situation generally. It wilt eventually
aid in strengthening the technical po
sition of the market. The first move,
however, must come from the consum
ers. When they begin to buy, the In
fluence of the curtailed production will
be felt in the market.
The best authorities on copper are
not pessimistic on the outlook. They
feel thnt this industry has been thor
oughly liquidated and should be the first
to feel the Improvement in business
conditions. The recent sale of Copper
Kxport Association notes has provided
funds for the various companies, so
that they are not forced to throw over
the metal on the mnrkct at n loss.
This cannot be said of nil the com
panies, nnd. n stated a week ago, the
financial community is giving consid
erable thought to the matter, and In
dentions ore thnt there will be dis
crimination against the securities of the
rompunles which arc known to be sell
ing the metal at the present low figure
of twelve cents per pound,
Traffic Condition Unchanged
Officials of railroads operating east
from Chicago report but little change in
the general conditions from the previous,
week. Cnrloadlngs were considerably
smaller than a year ago. The latest
figures for the Allegheny district showed
a total of 132,802 cars loaded with
revenue freight, compared to 160,643
cars in the snme period last year. There
hns been a good movement of eorn to the
Henboard board, with a moderate move
ment of wheat nnd flour. Gr'aln ship
ments on the whole Increased over a
jear ago. General loadings on lines
covering Ohio and Indiana showed 48,
574 cars, against 72.452 cars a year
ago, showing tho dullness existing in the
IIIIIIIIIIIIIIIIMlllMIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIItlllllllHIllllllllllllllllllllllllltllllMllillMllMiM. .............'
A
College treasurer, to find out how the College used the funds it already
possessed.
The expert found and reported that the College was using very
poor judgment in its financial management. It was honest but
ignorant in the matter of investments.
That so disgusted the rich man that he refused to give the college
a penny.
Our country's largest givers to education now quite generally
insist upon a close scrutiny of any college's or hospital's affairs before
making a gift. Thus it is a hazardous thing for any institution of that
character which expects public aid to conduct its financial management
in a slip-shod way.
Most churitable institutions prefer to have a fiscal agent to man
age their funds keep their books invest their surplus and protect
their endowments. It .saves them trouble and saves them money.
The Trust Department of the Corn Exchange Bank is especially
equipped to act as attorney or agent for any college or other institution
which accepts public bequests. The cost for such service is trifling
compared with the aid rendered.
Losing $100,000, as that college did, through financial ignorance
or neglect is a risk no institution should take. It doesn't need to.
CORN
Philadelphia
pinmimi i iMiiiiiiiiiiiiiiiiiiiiniiiiiMiiiiiiiiiisiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiij
steel and iron centers and in many In
dustrlal lines. ,
Illg decrease in both coal and lum
ber made big Inroads In the total traffic
figures. There was also a considerable
increase In Idle cars. Thin was due In
tiome measure to. the more economical
loading of cars.
Officials of southern roads reported
general traffic about 10 to 12 per cent
less than a year ago, but In some case
the total figures were slightly better
than a ear ago. The mild weather and
curtailed activity in industrial lines
continues to keen down the movement of
coal, and lumber tonnage also Is light
comparatively, as well as other building
comparatively, as wen as oiner Dunning,
materlat shipments. The cotton move-
ment Is fair and grain continues to
move freely to the gulf ports.
MAKKI7T OPINION
Nowburger, Henderson, ft Loeh The
crisscross currents Injected Into the
general situation as result of the per
plexing economic occurrences clouds the
Immediate future' of the market with
considerable uncertainty. It Is always
equally difficult to measure the dura
tion of any great downward swing In
the security markets as It Is to find the
npex of enthusiastic bull campaigns.
Beneath the surface confusion nnd con
flicting fluctuations, however, circum
stantial evidence of a convincing char
acter Is discernible, suggesting a near
approach of a turning point. At the
moment mere is naturally nn unwilling
ness or perhaps inability to take any
fioslHve stand, and tho market has been
eft almost exclusively to the domina
tion of the professional traders.
Signs thnt the bear following is be
coming overcrowded were strikingly fur
nished during the week, nnd wnlle no
concentrntcd effort was made to force
n general covering movement, still the
restricted supply of stocks disclosed on
the rallies was significant. The rail
road wage nuestlon remains to be set
tled and certain phases of the foreign
political situation must become stabli
Ixnl before nnv nnnreciable change may
be expected in the mnrkct trend. Too
much cannot be expected for the imnie
dlato future, but for people who ore
able to care of their commitments, we
ndvise purchases on all declines, as we
arc inclined to believe that In time this
will Drovo Drofltnble. ns a turn for the
better in business and money market
conditions is beginning to take place.
Jones & Italier: "That the motor in
dustry is staging a remarkable come
back is indicated not only by report
of big production gains, but by tho
announcement that the recent improve
ment has obviated the necessity of pub
lic financing by Ford and other large
motor Interests. More than 2000 em
ployes arc said to have bceu rehired at
the Ford plant this week. The recent
market activity and strength of the
motor ond motor accessory shares is
also accepted us indicating the tide of
events In the motor industry."
West ft Co. "Political conditions
abroad arc still chaotic, but we feel
that' some progress Is being made in
Itussln. No one event in the world's
history will have had more far-reaching
effect': than a setting up of a gov
ernment in Russia which will allow tho
trade with that country to bo resumed.
The hanking situation continues to show
monev nromlses to be in eood supply,
Altogether we look for a continuance ot
moderate mnrKct movements, a rany
on technical conditions seems likely
within the next week or two."
Hughes ft Uler: "The very fact that
although at comparatively high rates,
conditions have reached such a gener
ally unsatisfactory state augurs well for
the future, inasmuch ns quoting on old
time savins-. 'It Is nlways darkest just
before dawn,' and things have come to
such a condition of badness that they
must necessarily soon make a turn for
the better. Notwithstanding the dls
ngreeable stote In which wo seem to
now find ourselves nnd which does ac
tually exist and is not n mere figment
of imagination, there is every reason to
believe that the near future holds much
of brightness and encouragement. As
the new secretary of the treasury, Mr.
Mellon, says, the soundness of our
financial institutions is without ques
tion, and we should return to a more
normal and satisfactory state at an
early date. No matter how dark it
may be today, the sun is still shining
Ignorance Cost a College
$100,000
PENNSYLVANIA college asked a rich iimn
The millionaire agreed to give $100,000 on condition that one
of his own experts be permitted to examine the books of the
EXCHANGE NATIONAL BANK
Chestnut at Second
behind the clouds, and tomorrow It Is
likely to break forth In all Its exi
gence." Hecker ft Co.i "The uncertainty
as to the labor board's decision on the
abrogation of war-wage achcdulcii holds
the market back. The heaviness in
Pennsylvania nnd receivership talk for
New Haven arc also restraining Influ
ences, especially to the rail group. On
the other hand, easier and more plenti
ful money, larger gold Imports, the
belief that President Harding intends
to nut the ndlustment of taxes ahead
of all other matter ami the moderate
1 recovery noted of late in the motor ana
some parts of the Bteel Industry sug
eest not setting too bearish nfter the
slight rally the market has had."
II. V. Bochmon ft Co.
"When the transportation net wns
passed last year It wns universally be
lieved that a living return to the rail
roads was assured. The operating re
sults, however, over the winter months
were deeply disappointing nnd the
stock market has evidenced that dis
appointment, all railroad securities
being acutely depressed nt this time.
In our judgment tho crest of tho,
troubles in railroad operation hns been
reached and passed. The things which
railroads buy arc falling In price. Under
the stress of the sternest necessity rail
roads have franklv faced their abnormal
labor situation, nnd have started the
remedial machinery, in so doing tncy
will, we believe, have the solid support
of nubile onlnlon from all directions,
except those directly nnd adversely
affected by the Inevitable rearrnngement
of working conditions.
"The prosperity of the railroads has
been recognlred by the national gov
ernment, and br tho people, ns a neces
sary condition of general prosperity.
In consequence there will be general
support to ft program which will bring
railroad business into proper balance
with agricultural, Industrial and com
mercial business, as the latter from
time to time find their stable basis.
"What the Immediate future of the
stock market mny be no one can re
liably forecast, but In our judgment the
high-grade railroad stocks, if bought at
present levels, will show 7cry sub
stantial profits at no very distant day."
THE TIlADEn.
PASTOR HITS BATHING SUITS
Jersey Minister to Hatch Mosquitoes
to Attack Wearers If Necessary
National Parii, N.J., March 21. In
bis first sermon jesterday, the Rev. Kl
mer Finger, pastor of the Methodist
Episcopal Church, sbrved notice upon
the members of the congregation and
the residents of National Park in gen
eral that he is oppot-ed to any form of a
llberallred Sunday. He nnnounced his
Intention of fighting to the limit that
clement of the community which Is In
fnvor of n wide-open summer season.
Dr. Finger mnde especial reference to
one-piece bathing suits, and dcclnrcd
that If nothing else would suffice he
would start a mosquito hatchery, which
he was sure would render effective serv
ice In ending the reign of this form of
bnthlnc nttire. He nlso declared his
opposition to Sunday baseball nnd
other similar amusements.
PRINCE CLAIMS ANNUITY
Father Refused to Recognized Union
of Slavs and Montenegrins
Belgrade, March 21. Prince Danilo,
heir apparent to tho throne of Monte
negro until his recent abdication in
favor of Prince Michael, son of the late
Prince Mlrko, has decided to accept the
annuity of 300.000 francs which the
Belgrade government had offered to his
father, the late King Nicholas, accord
ing to the Polltlka. Nicholas, who died
March 1, always had rejected the offer,
maintaining It would entail recognition
of the union of Montenegro with Jugo
Slavla and abandonment of all claims to
the throne.
for a donation.
IS
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B DO
2 BO
1 9(1
J 0S
2 BOS
2 BO S
i now
Union I'c fd
B . 70'4
Union Pao 4
10 . soy4
8 ... 81
1 . SOS
U K of O llrlt
& I'd 1021
2 . 9S
1 . 90S
BOS
00 K
09 H
00 S
0BS
4
1
n
2
1
1
09 H
00
I.OU & Na.h 4a
1 821.
3 82 K
I 82S
Lou it Nash 7
I 108
Mid 8 4 Or Si;
1 70
Mln 4 Ht I. 41
1 40
Chile Cop'r 6
S . 70S
1 . 70H
3 70'
City of Ilcnen
8i ret
S 01
i :.. 01
City Berne R
j oo
1
City Uord'x (1.
1 74
1 . 90S
Mln 8 I Blu K of O Drlt
Ste M 4s
A I'd 1B22
10 7SS
1 78'4
2 . 94 H
2 94 S
1 . 04 S
6 9IS
I t-i
u K ot o nn
A I'd 1920
1 SO
0 . . 811
1 . . 88S
1 88 'i
u k of o nni
tt I'd 1037
1 SRS
1 8.1 '4
1.. .. 74
Mo KliTIi
2 . 88
Mo Pacific 4s
11 B34
Cty Chrii'a
1 . . OSS
City Lon fls
1 .. 74U
1 74 'i
1 .... 74';
Mo l'c Os '211
B 80 V,
Monl'a Pwr II
1 . . K3V4
City Mar' S
1 74
City Tarl 0
10 .. 00H
JJen Or Ttx ft
Mexico 4s
1 4
20
pns.v y Cntl 3S
10
90S 1 68H
Columbia Oa If, V Oil en 41 2. 88 S
ft Klee let i lift Ut'd R ds Pan
1 68 N T Cent'l 0s r eqct 1
Comp'r Tab 41 , 88 8 33 S
Record': 0 I 7 88 lu S Mexico 4s
1 80' 2 MS 2 32S
8 80S 1 89 2 88
(I ik'HI i 89 U 3 nubb'r fs
1 80 i 89 8 78S
2 . 80 Sew Vork C 1,11 H nubb r 7
Cuban Amer n( ;a ret 10 97
uear us wi i 101 i
1 10OS New Yk Ilk 4
8 100S 1 80H
8 10I)SN TV I.lBht II
Denmark Con ft I'wr 4s
ct A 8s II 0S
1 OiSlK Tk LUht II
Denmark Con j ft PWr Bs
ct U 8a 2 82
3 974iNsk T V II ft
1 97Si llart'd Bs
3 97 V, ,1 01 S
I 90
1 90S
U R Hub i'-i
1 100
1 100
U'd a Steal 3
1 BBS
1 98 H
Utah T ft 1. Bk
8 77
t 97 S
1 07 S
N T Itwy Sa Va C C'l 714
i nil 93
97'i N T Rys ct Bel 1 9.1S
Den ft It O fd 7 BS 3 93 U
I 18 N Y Telo 4Ss Wabash H 1st
l)n ft It (1 4s , 4 79 S 1 80S
I OIS'N V Tele c "slWeet'n Md Is
Det U n IS 1 90 1 B2S
I nO'VNew Y W C ft 1 90,
Diet SOn 8s Iloston 4Ss ,Vn Pacific 1st
1 OISi 3 38H 1 82S
D Con 3W '21 33 97S W Union 4'tr.
1 09S,N'fk Hon It ' 1 79S
B BBS I 10 49SW ft B Mf 7s
Do CnnadR 'SrtlNfk ft W n la I . 99
11 93 3 70S, 1 99
1 92 Nfk ft W cv 0s
Wlloon Co cv
2 80S
0 !Wt
Wlls.m Co let
02 I 1 101 S
lhi Canada 'IBINorth Western
1 93 ' nell Tel 7s
1 91
Dun Light OS
10 80S
07
97
89
, 88 S
88
11 1.1
h m
HO 10
87 .(.
SO S4
111) 10
87 It
07.11
lllull
110(10
87,:tK
Ml.D'J
!I0.'M
87. 20
117.14
!.ow
no. to
7.:is
MI.81!
Wi.12
87.04
07.00
Uborty aVuH
Libert 1st I't..
Uliertj 1M U.K..
Libert .1(1 -IVix..
Libert ttb l4s,
Vie Notes 4k.,
World's Crops Satisfactory
Home, March 21 Satlsfnctorj crop
condltlonH In wi'Htorn Kurope tlio United
StatoH, Japan and North Africa ore re
portod In n bullotln Issued b tho Inter
national Institute of AirrJculturo here
In dlscusslns livestock the bulletin says
that In 1'nissla there hns been on In
creaso of B per cent In cattle, 16 per cent
In sheep and 21 per cent In hours In the
United Stnte.1 tho number of cattlo hna
decreased four per cent nnd tin ro has
been a 7 per cent decrvuso In hogs, tin
bulletin nays.
BAR SILVER
liar ellver waa H1 hlfc-hor In Indon
STUDENTS IN STOLEN AUTO
Freed on Showing Alleged Thieves
Had-Glven Them "Lift"
New London, Conn., Moirh 21
Robert A Held, of .lerse.x City, nnd
Dougliis J Durant, of Chlengo, were
taken to New Haven jesterdny on a
charge of stealing mi automobile owned
by C I llardo, general manager of the
New Hnrn road.
At it sped Into this city Saturday
night it wns halted lij the police nnd
the five ncetipnntn were nrrested, It de
veloped thnt three of the joung men
were llrown t'nlcrsit students, who
were given n "lift" h the two alleged
ntifoninblle thieves. The students were
released.
Lebanon Men Robber) at Pistol Point
Iehnnon, Pa.., March 21 - Henry
Hmaltr. and his 8lxtoen-car.otd son
Henr, alone In the office of the
Lobnnon Milling t'o. In Lebanon
borough, were confronted by two
masked bandits SmiilU was ordered
to turn mer the cash in the office safe,
amounting to $200. which he did. The
bandits then left with n threat that if
cither of their lctinis attempted to
leave the place or make nn outcry
they would "shoot his head off."
Federal Farm Loan
4l& Donds
Mar 1, 1939
Trice to yield about 5.10
Ohio Power Co.
lit & Ref. 7ro Bonds
Jnn. I, 1951
Price to yield about 7.40ro
Humble Oil & Refining Co.
7 Note
Mar. 15, 1923
Price to yield about 7.55cc
General Asphalt Co.
Conv. 89( Bonds
Dec. 1. 1930
Trice to yield about 7.95
Elkins, Morris & Co.
Und Title Hldtr., I'liila.
Members
u VnrU ft, Phils, Stork Uxchnneei
Kiiur.vnnNAt.
llotli Seies
WE WILL HELP
WIN
YOU
If oti arc amhitioua to
learn l)U"incss tactic uc
will teach tliem to you If
you want to become a pro
ficient stenographer or book
keeper or both, the proper
instruction is to be found in
thih school. Wc will fit you
for a secretarial position.
Keep on reading Mr. Educa
tor's talks.
Mmnamm
Chestnut i
ILADELPHI
JT'lfti
rTiYfT:l
j.sm: iivai
UICiBl
-r:,.. .. ...
mmm
BANKS'
JBeWNFSS scbo0.
COZEGExM
IT'S THE SCHOOL FOR YOU
llecauae It will equip u so there
will be no limit to jour chances for
enhancement in buslneNS Mf
t'lioose Il.ioKket.pl nc Accounting
Hecretarlal HuleHtnnnHhip Tie
w riling Clerical Heal ltate Pen
nianenip hpantsn Teicners' Train
ing t.ourie , un , rvir. etc
r.'lKl uiilnul street, rhllndrlnhlii
iil'sim:ss iiiaimmi
Our courses In Shorthand (Oregg the eay.
speedy sj stem and Pitman) lloolckeeplng
and Accountancy, and ecretsrlal. hae
equipped many of today's surcresful men and
women uny ana niciu classes, uat.
ilog
iiii.a. iirsiNrss rnr.i.KOb
nnd College of Commerce
1017 Chestnut St. rhlludelphla
Mans
Ktod teathlng iH)sitlonH still open In
l'a
N J Hel . Md ft N Y Tree enrollment.
Monr.RN Tiuciir.ifs iiuiuwu
10OJ Murket fit.
aBaw.PPZf' jbpjjakgHH
COL. HOUSE TO THE
KAISER, JUNE 1914
For he first time, Colonel
Edward iI. House, Ex-Preaident
Wilson's former confidential ad
visor, and a regular contributor to
the Public Ledger, has revealed
what he saw and said at Potsdam
two months before the World
War began. He told what the
Kaiser replied to his warning and
how it was difficult to "bring the
conversation back to earth," in a
special dispatch to
This Morning's
PUBLIC
iot(W
GOVERNMENT BOND8
Hid
t'unaniit rntl 3fl IDS1 .
Philippine 4 1081 80
Philippine Is 10R5 R0J
rhlllnnln 4 108H SOj
i' uov cou in jueu w
I? H unv reif in i3u. hj
t' 4 Uov cou 4 I82B.
10
104V
fc
u ri uov ren tn W2S
New Bond Issues
City of Detroit 5Va
Ohio Power 7
Penna. Power & Light. .7
Mil. Coke & Gai 7
Humble Oil & Ref 7
We own and offer limited
amounts of these bonds and
recommend them as safe In
vestments.
Yielding from 5.75 to 7.68
Full particulart upon request.
Reed A, Morgan & Co.
Member of the Phil. Ptock Rich.
West End Trust BUip., FMIa.
WE HAVE PREPARED
un Interrsllnr analysis t the
stork market, touching; upon It
technical poslUon, price trend
ond attendant possibilities.
Copy free upon request.
MILTON HEIMtfCO
STOCKS-FOtnCM DCMMIH0MD8
MtWSt , ,
HUAOH.mA aTOfjini-uMim
coaxiomTWcrmuiJ?fft
19i2 Chestnut (Street
I'lionesi Dell. Hpmce S04I24
Keystone. rtiue 789
71 llroadway ft 489 flth At., N, Y.
-.iiiini.rru, .v..ii. ovringneia. 3Iass
BondSalesman
Experienced and succcMful
Bond Salesman acquainted In
LehiRh Valley district, wanted
by active Investment Bsnkinr
House. Members of New York
and Philadelphia Stock Ex
changes. Onty those of proven
ability need apply.
B 835, Ledger Office
GE0.A.HUHN&S0NS
STOCKS AND nONDfJ
Members of the rbMadelpriU, New
York and Cnlrfttn fltofk Rxrhanna
New Aork Cotton T?trnite
Commission Order Esecuteel la
All the Principal Market
Liberty Bonds Bought and 3o!d
llrlletur Court Hide. "141 Walnut Nt
N. 111 llrondway AtlaaUo City!
Ambassador Hotel
General Asphalt 8s, 1930
Phila. Subn. Gas & Elect.
5s, 1960
HENRY D.BOENNINO CO.
STOCK RXCtlAKOE nUDJJINfl
Illrret I'rt'Ble Telephone to Mew Ysrk
Members I'lilln. Htotk nxehange
Morris Brothers Co.
Esisbtlshed 189S
Bonds for Investment
Municipal and Corporation
1421 Chestnut Street
PINANflAT.
frpeelal Notltrs
USa'
I'HII.ADKLrillA DOARD OK TRADE
A QfAnTKItLT MEETINO vlll Im
held In ih Iioarl or TrJo liooms No 23.
I The llnurse, this (Mondnr) ufternoon, Marrh
I, 1UJ1. at :to o'eieea. .
WILLIAM n, TUCKEn Secretary. ,
Annnat Meeltna
35? T1IK STATKD ANNUAL MKBTDia
IWW of the Stockholders of The Mm b
Mhlte Company will br held on Manaa.
nrl1 2S.
lDtl, at the General Offloea or Uvs
I'omnsnv
to elect mreciors to aervo for tna
ensulne year and to transact gueti other
busln.ss as mav properly coma before Ula
i meeting
'"IWLTON' A limns Berretary.
tJ& XNM'AI. MKETINO Or TOF. SIKM-
hers of the t'hltadrlDnla Cltr In-
tltut'. lree IJbrury, and an election far
llie fsnrs (B) to serve for the cnsurMr
four ears It) will be held at the library
buildlnir N V Cor. 18th and Chestnut t.,
on Mondnr. March a, nt 8 o'ele4t p. in.
inns' HARRISON. Jr . Secretary.
'i
Dlrldenda
l'KNNl.AMA rOWHl I.HinT CO.
1 A quarterly dividend of eno dollar an4
I enty-flve rents (1.1(1) per share on the
Vf Jirtrury ..... n u, ..id . inn
wer A Light Company ha been
ve Preferred Stock of the Pennsrl
tver A Light Company has been A.
payab'e April I. I'll, to cnmulattv
preferred stockholdsrs of record at. the close
of business March 10 1WZ1
C M V A LTER, Treasurer.
'MARKET HTIIKKT TITI.K AND TRC8T
COMPANY
52d and .Market Ntrert .
March 8. 1021.
The rtmrd of Rtrector ha this day Si
rlnr.d the regular semiannual dividend of
eight per cent pavable Mar 8. ltl, to
stockholders of record at the close of bun
ness April In 1021
IIBOINALP II CHASE Treaaurer. .
Proposal ff
mu iiori or TiiUHTrra or Tars
locust Mountain Iloioltal Assorlaitea, it
shensndoah Schuylkill county Ta. -Ill rs--che
proposals to furnish and Install kitchen
equipment. Uundry equipment, refrigerator
equipment and the equipment cf X-Hsy
lalorntor . . .
Soaled proposals must be received by Vr.
W a Gregory Vice President or th Hoard
of Truateoa. on or before March tl, llit.
is anu npociiica-uons may pe oDta
luest from the Board of Trustee.
on rcOUeei mm me i.oara ui iTHStee. I.
rust Mountain Hospital Association Sh
sndoah Pa
Pluns and specification, may be obtain1
or from Louis L. Stoektnn Anrf
nn nna.
Henr C Prlton. Asoclated Architect, JT
V 30th t.
New York city.
LEDG
JI
Fu
.t-
t
niiiiiiuiiiiiiiiiuiii7iiiiiiiiiMiiuiuuric
.tpany i t.
. Hv!3a&.r '-
f Ml tHW fiiSif
l&,.i&i'iv', MiC
,1 $ jvJ, . -
kTSfeili
iv to J J
(ti V A
. r ?V .