ipr '" n ', 'tpFwi.' ""!' 'ftt AROH 31, 1021 19 I '1 1 1 1 M 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I M 1 1 1 1 1 1 1 1 1 1 1 1 1 1 M 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 M B 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 M 1 1 1 1 1 1 1 1 1 1 M 1 1 1 1 1 1 1 M 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Br &s New laguo A 6 FEDERAL INCOME TAX EXEMPT BOND AT PAR $2,175,000 CITY OF SEATTLE Washington MUNICIPAL LIGHT AND POWER PLANT AND SYSTEM 6'o GOLD BONDS Dated April 1, 1021 Duem ihownbtlow Principal and semi-annual interest, April 1st and October 1st, payable in cold at the fiscal agency of the State of Washington, in New York City, or at the office of the City Treasurer in Seattle, at the option of the holder. Coupon bonds, with the privilcne of registration as to principal and interest, either or both. Denomination $1,000. Exempt from all taxation in tlio State of Washington Eligible as Security for county and city deposits In Washington FINANCIAL STATEMENT (As officially reported.) Actual Value of Taxable Property (Estimated) $494,065,912 Assessed Valuation for purposes of taxation . $245,823,956 Total Bonded Debt (included in this issue) $40,705,700 Bonds self-supporting (including this issue) 30,910,436 Net Bonded Debt 9,705,264 Population 1910 U.S. Census 237,979 Population 1920 U.S. Census (Increase 33) 315,652 In the opinion of counsel these bonds are an obligation of the City of Seattle. the principal and interest being payable from the gross revenues of the entire Municipal Light and Power Plant and System, and are Issued to provide funds for the purpose of making certain additions and extensions thereto. Legal opinion of Chetter B. Masslieh,Esq, MATURING $145,000 Apr. 1, 1027 $145,000 Apr. 1, 1032 $145,000 Apr. 1, 1937 145,000 " 1928 145,000 " 1933 145,000 " 1038 145,000 " 1929 145,000 " 1934 145,000 " 1039 145,000 " 1930 145.000 " 1935 145,000 " 1040 145,000 " 1031 145,000 " 1936 14C.000 " 1941 Price 100 and interest Orders may be wired at our expense. Circular fully describing the abooe bonds trill be furnished '.upon rtqutsl. R. M. GRANT &, CO. x 31 Nassau Street, New York Boston St. Louis Chicago The data and statements In ISli adiertliement irere obtained from ottleia! rerorti or an nnr'eflnlnn hand eptrn information whlcHlixe retard atiretiabte, and while the are not' tnarantetd. ire believe them in be earreet. NEW YORK BOND SALES Summary of Individual Transactions on New York Exciinnu tsAi.na in noooi A. A t! r Hi 2 . . . . (I'M, ' No'n I'aclfln , HI !. H I'run I" 3 (MM SO Atiin Hmlt'R ,t Hot'K !H J .. . ;ia 2. ... 70'4 Am TAT rlt !.. .. iflU i A T k T rv 4s ! 2.. . 71 Amu T H T tin I M"i 2... . KH. Anin T & T lis' 21. II. o U. fi. 10. t. 1. I. I. ft. no '4 mo too inn :i !', !!l 410 t nni nn inon ... mm, l .. 100 i . loi, r .. I no s ... mo I.. tin,, r (mm tins Armour i, 2 . .. 70-i Alch Toiwk.i A S'a IV 4 s i ' .... , , 2 77 .Xtrh T & H Kj .Xrlii'a Ulv i '; I. . . . 7R'i Atl'c Trult 7s I. . . :,S Atlnnili' llr-Cc el il'3 I (in i j ft pft'i 7 I'll', 1... . Ii!i., I. . I'll', nti'i I'lilrnm A Mh XX'cst'n 7n I ... 102 Chicago II ll'd & 1'ro fd 1 17 2 07 1 07 I.. .. 07', rhleiiKD t'n'n SI a Hn 1 10.. . moin Chile Cop'r U I 70, 2 71', 1 70 1 70', Chllo Cop'r 7 OH', Chlticm) Clw ,! 20 41 City of Hereon H rct I nt'i 4 I'l'i City Btrno hi i ... n.v. City IlorJ'x ils I... . 71 Cty Chrla'n 8i I... . Wl'i City Cop'e r l 73 City Mara'it Us 7 .. . 7li City Pari On I. ... H7' 1 07i; in ... H7I. ft .... pl I .... 07', ft 07', City Toklo r,a I iw C Zurich rets I no CI'U Cln Chi St 1.0 0s 1. ... S SSI 1.1 Til Cr-n't 4i T.2 I ... 71', Ilia Cent! OH 1 . . fin i, Ilia Central Ht I. Illv Hi ... ftS'i Inill'n Strrl M 1 .. . SO', lntli Met I 'is ft 20 Intboro II T M II M'i I ftl'4 ft... . M', 2 r.i 10 M Jap (loio'l lat I . ... S3 R S2 is .... S2'. Jar, tlovc't 2 I 7 ' to . . S2", Jap tlovo't li 1... . III'., 2 01', 20 .. . 114". Kanawha &. M llwj li ft. ... 04', Kun O . H 3s I ft.". I . . ftft lilll C & H ftl 1 .... 741, I .. . 7l'i K C T ltly la ft 7 1 , I 7 1 . I 71V K llelgUm i 2 I'l't ft IHI', ft. . . HO", K Ilcln'm 7 '4 s ft .... 07 'i 2 07 ; I t7', I. .. !7'a ft . H7' r.4, Km Hi III. . . M'J I . 07 Nun IMWIIr lifll I, A H !' .'I I . .. 7ft', I 0 ... Hi", 1 7ftM 4 . mi 2. . . 7ft', iSl I, H I'' Ir. Orcif A Calf Aa 2 SO'a II . . . S0, SO 47 17 17 17',, OrrKn It It A,Ht 1 A. H 1'ran Nnvl Co li Hvrles A 2 78'. OrcKon H ! li 2 7fl'i "roBnii H li ;,a 1 01 OM nipvutfir 2 ... SI'.! i no; 4 no i urn i.. . I10, 8t , k K Trail Hrrlci II 1 . .. 7.V, 0 7.T, Hall A nhlo 'Ni'uln tmlmi .'aK tlPlK'm ma 2.. n, 1 . 70 ; 1 . nil', Colo & H Pis Knit tc Ohio la 0 ... 73', 1... . 117', Cuban Aincr'n Halt A. Ohio I'a Surar Ss wl 1'..... R1, 10 .. toni, 1 ss-, i . . , . i on t 1.. . sun i ... i iinv, I ... SSIj .'.... lllllj Halt & Ohio . . .. . iiiO". W'oat'n 3'j 3.... 101", l .. 7C', :i. . imi'i Hfll T 7a lets I . .. loo 15 I.... Win's 2.. . 110-. ft Hi.l ... ino 1 . 10.1 in ... nn '.j tloih r 4'3a . loir j I .. nr, i . . tno'ji Hcth S r.a '30 ioi A. 1 1 ii I M 1 7s, 70', I . . 7S' Denniark Con Ilikyn It T fta ct A s I.. 32 I OS'i c.iif (i a i: . i .... ns 1 8R i OS I a. ft. . I.. 3. . fltl'i on' nn no 7 f. .... OO'i ft .. 00' i ft.. .. fm' 2 . .. 00 'i 2 . . OO'i U K of O lirir A I'd 1922 10... . 01 '4 I .. . H4', a.. .. in i oi i .. . 0lH to ois 3 IMS 1 . ... 04 ", r II of O Ilrlt A I'd 1020 2 . .. !'. 4 ..!' O It of fl Unt h I'll 1U37 I. . . R.-.S I .. sft', ft . . Sft'.. 7sii, 1 1 1 1 1 z 1 1 Sa wl ! I sft'j ft . . 78',' 2.. . 07', ift . . M ''j IVtinn It I'.aStnb'il A I, h - S.i' '21 rf Ift... 32 I . . 00', 2 ... '32 Pannn, n ft fti 1 32 8ft ' 2 . 32 I'.i Hit en I'gf'Ft I. Sow n V I . ... P'l I'a It Km l'ia I. ... 78'. II. ... 78'', 3. . . . 78 nn St I'l Minn A Mnnlt'n 4'i 2 .... SSi, Pao l'atlln of 1... . Sft, Uftl It'll, San !' unct la 32 I'cna n It Hi, Sall A I. Mf N Mrilro :.i 1. I. . 1... 0 I... ft. .. I... on nit', 00', 00', 2 ... 00 2 I'll', 1 01', ft Oil l . . . . on IVnna R P. 7i 3 tO'J- ft 102 ft I OJ ft.... 102 ft.. . IIP on', in . . 37'. :i . i 00 'S'fiitxl A I, flail' S Ilubb'r fti Oil 1 2. . 40V 10 So'n l'nclflc.f I 1 ... 70H S'n I'm- r 4a 1 .... 78 Hi .. 7S', 2 7 N I y a How to Figure Yield on Securities i i eld, nevt to safety, is the factor of greatest interest to most investors. Our new booklet, Hoiv to Figure Tie Id on Securities explains in simple terms the methods which arc used. II'' e shad be plcaicd to send you a copy. Philadelphia Office Guaranty Company of New York 42 1 Chestnut Street sfll II?, 07 07 07", 07 'i 2 . . . 07 '1 I... . 07 N I .. . 07' j 1 .. . 07'j 1 . . 07'j KlliE'lnm I)an nurli cl M I !IS'i 1 .. 01", I US', in . . . 01', I.. .. OH', KliiRilom N01- way ct ba t 00 '1 2 . . till'. I .. . im' a... inn !.ex A llaat M 3. . sftik Ciinaillan M'nl 1 .... lis I.011 A Nnsh 7i Itlya tcta Dfnmark Con I . . 103', 2 ... mi', let II 8a .MkhlR'n Statu 1 . . ini, ; a os'i' Tni Co ns 2.. . I up, I I ... im I 1.. is 1 IOI it j f, (17 1, Mil S A Or fti Carrn l Pascol I .... 07s, I .. 70 Cop'r Cn 81 ! 3 . . Ii7'il.tln A St I. Is ft ... t'ift I . . 07',, a . 10', Cll leather 5a !i7-', Mn K A T 2nd 2 Ss ) Can aii '21 2 .. 30", ft .. ssi, ,-,. ... nn', Mn K & T 11 I . ssi, 'jn . on-',- m. . :.s I'll I'Hdllf l"l Ift llO'.i.Mii I'm-llli li I 72',' ft !I0I I... ft.T.. rmir'l II H of lhi Camilla "Jil . . :,:t Ni-w J S ! I .. !l2'Mn I'ao fta '23 1 . 07 . IM Camilla '2!l ft.. nn C & O cv 4Vji, 7 ... i7VNew i'r l'i A 2 . . 7ft', ft . . . 02'i' Maxlin Is I. 7ft', II.1.1 Canada '31, 1 ill'-, C'k 4 I) t fill I . . . . RS I I 11 1 1 . 82 I . . SSt-jIN V Cnt'l 3'3i I s2 I li . . SO I I OS 1 78S III. . . 781, I ... 781., 7 . 7SI, S'n Itallw'a 4a 1 f.8 a. ... as', 'Slnn.l rl OH nf I 'all tela 7 101 '1, in .. inp, 1. .. mi, l .. lots, I . inp, s . 10P, Third Avp 11J 1 . . a 1 1 . 30', IITMrniliT Oil Co n r.4 11 A W la 1 . . 0ft', Phil County rv 2. ... 02'i Public Sprvlrpi C'll N J fti 1 . Ill llpnillnR lty Is 2 . . SO 11 Chllo 81 wl 1 .... no ft 00 Itoii'v ' 111'" a . . . 03 ' i a . 113 Illn (Iriind A Wn rlt H ft . . ft2', Itock ll'd A A l.oul'a 1'ja I ... 07 Ft I. 1'n Mt A S'n ltly li Dnlon Pap la 1 . . soi, 3 I so', 1 Union re (la 1 ft ... 00'., n 7S', 78 , u a Hub 7' I 100 1 100, I 100', 1.. . loo'. 0. .. ino 2 . mn I'd S St'Pl ..' 0 ns 1 . 0.1 , 1 . . Oft , 1 . Oft', 2 0ft', Va C CI 7',s 1 02', I . . 02 i I . !'2'j I 02', Wost'n Mil la 1 fta Wn I'a, Hip I 1 . 82'. 2. sa', Writ Slim. tt 3 7'l i, I 70', V A K ,1fK ? (I'.I 00', 00', 00 ', l'W ls.SlIP TAX FREE IN PENNSYLVANIA Kxrinpt from Kedrral liicnnip Tux E No CVrlilicnlc of Ownership Necessary to Collect (.'oiiimiiis Li'Kal for Trust I'untls in Pennsylvania . Ej $675,000 I CITY OF BETHLEHEM, PA. 1 School District 5fr Bonds Dated April 1, 1921 Interest Payable April and Oct. 1 Denomination $1000. Principal may be registered Maturity Price Yield ' $100,000 April 1, 1926 100.88 and Interest 4.80', $100,000 " 1931 101.57 " " 4.80'; 5 $100,000 " 1936 102.12 " " 4.80', $120,000 " 1941 103.20 " " 4.75S S $120,000 " 1946 103.64 " " 4.75' , $135,000 " 1951 103.98 " " 4.75', S We rcrnminenil tlio above anil offer tliPm subject to the approval of legality of Messrs. E Roberts, MontRomcry & McKcehnn, of Philadelphia. E Dcncriptivc Circulars Scnl L'pnn HcqucM West & Co. I 1117 CHESTNUT STREET Philadelphia Til HIIOAIMVAV .New ork City Mr:Miu:nx m.u oltl hioiN i;.miim.i; I'llll.A m.l.l'lll mock i:ciiam.k p Aluna IIiup on llnnil n I.M of lliclilirn,p HuniW CorrfiiinnilPiiip IimKpiI TJiiliiiliiiiiiilliiiiiiiiiiniiiiiiiiiiiiliiiiiiniiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiii 1 1 JTF. ilili;wii.iSiiiipiiiiiii,iiiiniiiiTiiTiw 1 . . 00'i Vnlon Tank Cnr Co 7i 2 . I00, 3 . . IOO, I . 70.', n I mi', st I. I n .Mi A in inn', S'n ltly fti 1 2 too", l n 't; K of n lint St 1. I Mt A SI A I'd 1021 n a (! ,iv ii i t on'; 1 . 3 . 3.. 8 I . 0 00', O'H. 00 oo v. 00 oo., !l!ii 117 ' Wilson (In rv 1 .. Sft W II inn Cm lit 1 81', 2 Hal"! SSI j Hur .ill it 33'art. BAR SILVER m,i ', d 'opi In l.nndnn tpday (!lilOnili!lllllllil!llll!iri!ill;!! Uo 3. B. Bonds for Uo S A. Investors Sf2 r- WEl E EXTEND to you our cordial greetings on this thirty-first day of March, 1921, the Twenty-eighth Anniversary oi our appointment as General Agent of the Fidelity and Deposit' Company of Maryland. HERMAN HOOPES, Inc. Real Estate Trust Building Philadelphia Phone Filbert 5470 i NOTICE On and after April 1st, 1921, Certificates of Stock of The Electric Storage Battery Company will he transferred at the Uptown Office of the Philadelphia Trust Company Broad and Chestnut Sis. A REAL RECORD OF ACTIVE STOCK EXCHANGE SECURITIES Price and volume charts showing accumulation and distribution zones, tradinp levels and characteristic market action in each case. A limited edition. Will be sent to early inquirer tREE. Write for R-10. j. F. McGOVERH & CO. Hlrmbrrn riilliu 8lnl IlTchiinM 1430 Boulb Tron Sa I'hlla. pprnrp 0418 Bute SOW Nrw York 12 Ilroadira Illrnl 1'rlvnlr !Vln- In All MiirkfU i hi A AUon 3 2 . . Il' C A Alton :i'-j 1 33 .' . . 3f i'liii-nvo nur A U It 3's 1 . . . ; Clil II A Q 4s 3 OS', 100 OS', 1 .... OS', II OS', I 01', I .... 08', Di.ni ItPp'c M I 70', tin Paddc Int 3 . . 08 1, Gpno'l like fii fi . . . . 87 ' N V Cintl ti I . 77'. N V Cent'l il 1 SS', 1 SS", 1... . 811. .1 . . f7'SNcw York Ct I G"ne'l IIIpo ,!n 7s rets im.iipj iiniia 1 . . . . inn", l(alp) nn . . . inn Oovp't T H S New York Cl'l v: l'1, t I I . 0i3 i" H A i II la 0 80 ,, C tc K 1 1 1 li iii . :i'i Chi Kstn HI i;s MtK t ns 2 ... 00 7 on hi A 17 W Is 1 M', i .. ;.i', M', i hlmso Mil A SI I'l l t 70 Chi' ami Mil A St f 4s '23 2 . 73S r"liir.isn Mil A SIC i I'jH I ll'i'i Clilrn., Mil A St I' cv Si 1 4 'j v'hicaK'i A Nth W'n 6s 87 10 .01 I 'hi' .ISO A Nlh IV n ll'jn l OS'-j 0S-, OS'i ss OS I; , I. S 3';1 1 .. 01', N,w V N II ft Hurtf'a On 2. . 110 1 j 3. . Hi", IIS '1,1 'J (ill 0Sijl Vic Itwyn 3i on,) . 3', 01V-. N V TpIi) I i - 1 no 00 i, 3 . 0S, 71,', I . OSlj 1 so (i Swlu'il rrtiN Ik TpIp il- S .103', 1 . . on' j 1 ln.V, .', . oi" (M Trunk i l, 3 . on' j 2 . ion", . on , 1 . . IH2'. Np V '.' i 2 102 Hon I1 j l o. io.", 'j . . .'in'.. IIiiil A Man M Nlh Wpsipi ii" 1 . . HI'. HpI Til 7s 3 ... Ill, . 07'. 2 ... .01', 1 07", .'I CI", I . . 07'. I ... Ill', 1 . . 07 ', I . HI' i I ... 07", ; I . .. HI'.. I . . 07". I III', I . 07'. HiM A Mnn In I . . . 07, I.. .. 31 ! 1 . . 07', I . . 3 1 i, 2 , . OH1, I 1 ... 31', r. . 07', , I 3ijl 1 07", I r. .... ill',, i . . 07-, '.'0 ... 31', I 07', I 2 ... 31 '.I I .... 07', 1 30 . . . . 31 ' 2 . ... 07 . Service and Stability Condensed Statement March 20th, 1921 SS 111,13.-,. 0.1 ASSETS Cllsll r. S r;nvt pV Municipal Sri'UiltiPH I,330.87n..,i (ulur liiwHtmoiit Soour- Itlcs I, IIS,",. 0811. 10 Cnininprclal T'nnor nnrl Tradp Arrfiitnnws .. .2,310,1 1'.'.IlM l.onns mi Collateral . . . .S.dO.Mi; I..1.1 MurlRnc'H nii'l (iioun't KotllH .. .. 823,131.81 H.inli lluil'linu. Vaults &. l-'urti.liiri- 120.231.31 MNrpl'iiiin mn AswIh I7.7.-(I.!3 $11,075,228.39 LIABILITIES i 'apiial Sinrk Surplil'. & 1 "nrti vlili-'l Ciiilllli li pn (. Ill'lent Mi?i ll.itiriii, l.inliihti . 83(1(1, 000.110 1,700.780.10 8,710,830.30 3o.oon.nn I 1.301.10 European political adjustments have thrown the Americas closer together. In the Americas, next to the U. S. A. in size and resources, stands the U. S. B. United States of Brazil. Brazil has now reached that stage of development when her cities and indus tries are spreading from her coast to her vast interior she is entering on a period of development similar to that experienced in the U. S. A. sixty years ago. The per capita debt of Brazil, including internal and external loans, is about $41.69. Compare this with the per capita debt of the U. S. A., of $228.00; Argen tine. $104.50; Chile, $59.00. In the past Brazil has been financed by England. Wc have selected a few Brazilian loans out of the many listed on the London Stock Exchange, and recom mend their purchase. They arc obtainable at low prices due to the double discount of current interest and exchange rates. v H invite inrrxtnrs to write fnr nnr booklet on the United Slatea of Brazil it is full of facts about tin great southern republic. tune, Hfrelbter Sc Camtrami 1422 SO. PENN SQ. New York, Boston. Chicago ii1i!iii:i!i!;iui;i,s;i:iEiniiuoi;ii!;iraiiiiifl iiiwiiiiii'iiiiii'iiniiiinai'iiiiiiixiii'iiiikiiniiiii'iiiii!'!;!!...!! !p1 1,075,228.; Integrity Trust Company Fourth nntl Green Streets Capital $500,000 Surplus t Profit . . . .$1,760,000 ft. Morris Brothers Co. KiMl,in? 18M Bonds for Investment Municipal and Corporation 1421 Chctnut Street STOCK SALESMEN ir viir am; a iiii.ii-riiKssi ur s lli:.rillli A-l STOCK HAI.l.XMN Mir mux AiTiimvn: this in;-i-oitTi mo to mam; hih mom. JillcVa liVl. stViIK lAI HANOI. Ul-W.. ahi:h uio ,. m. IIAMiKTlH Dealers in Investment Securities' Jfiiibira A'uu York nml Philadelphia btoek l;jchanvJ 321 Chestnut St., Philadelphia i! General Asphalt Deb. 6s, 1925 CHARLES FEARON & CO. 333 Chestnut Street The rovidieo Life and Trust Company of Philadelphia Statement at close of husiness Third Month 29th, 1021; on basis of book values, not including accrued interest. ASSETS Cash on Hind or in liat'k SI, 972,1 If). II! Collateral Loans 8.27l,in:i.2.'l Bonds and Stocks 8,01:1,071.72 MortcaKi'M I.l8."),l7."i.n(l Ileal Kstnle 100.00 Mihccllniu'oiH AssctH I l,."i,"i l.;j I I.cdKcr Assets of the Insurance Depart ment of the Company I07.7l.i,8f0.l 1 $127,477,712:86 I.IAIIIMTIKS Capital Stock S2.o'l)0,Ono.()0 Surplus Fund ."i.OOO.OOO.iio Undivided rrofits I.7!l8.0."i l.'iii Unpaid Dividends 100.020.00 Deposits I0.72:i,(i02.07 .Miscellaneous Liabilities 1 (0.1 r,r.S2 I.etlKer Liabilities, iiieludiiiK Contineuey Keserve of the Insurance Department of the Company 107,7l."i,8o!).l I $127,477,712.86 TIll'ST ACCOUNTS Triiht Funds S8(i.7li.'i,R7:i.O.,i Coll-tteral to Corporation Trusts l8,U8l,8!i:t..')2 All Trusts are kept entirely separate from Company's assets. ASA S. WING. SA.MU1CL II. TKOTH. President , Treasurer. DIKLCTORS 1TM-: HA'K had made up a ' ' very efficient Investors' Record Bonk furuisliiiiK n compact, syste matic method for Ueepinc track of such bonds and stocks us one may hold, showing cost, interest and dividend dates, income by months, etc. It if proving of real n-c to holders of securities. We have a limited number for gratuitous distribution to investors and shall be prlad to send one on request. A.D.C0NVERSE&C0. Commercial Trust Huildini; Philadelphia, I'a. Ncn orl. Iliiltliniirp To Yield 8.25 ! 7 Gold Coupon Notes Due Serially May 1922-1929 Company Pays Normal Federal Income Tax to 2r'r Net quick as'-et-i uf Company equal twice entire note i-sue. Full information upon request Baiter, Ayling & Young JltMXIl U s MN, .ir., Muii.iErr Land Title Uldg. Boston Philadelphia Foreign Connection Desired Ynun '. . nr1 I'liain lc in ' Hull i IK" 1)11.111) ; I. 'J' !H M Ml. Ill ). 181 tll!'"l l-'lVP inHiis'in.il plant m:iii.ih"i' . mni' nil rxrriinv with l.u Ui"-' Villi '' ,n .,,iinifiii ii ii' tlii'il ' ''Hiiii'i' . in, .il vll i 'i iH ! "' '" f'T , ,ikiiiiii III lliKll.'-t I'.mU .111(1 ., lent .ii ii r.iiK, i.r.iK.i.n mni i: 3 Do You Know That : it. :' i: L 7.ono (ifirt ilcpoft'ioi ? Hinks nf lhi- i ivjiiTn '.' United States Treasury Certificates of Indebtedness Bankers' Acceptances Short-Term Notes Bought Sold Quoted Discount House of Salomon Bros. & Hutzler " ' t ' r . - r , 'inj; Commercial Trust Bldg. Philadelphia I't f .-cll f 1 liril, r 'll M Mllll, IK)'. TON G.EhFS ACME GEAa CO. N.W.C'or. 7th & M)d Sts Phila. Douaht and sold for cash at Stock Exchange Prices. ISAAC STARR, Jr. & CO. 16th . Sanson! Sts.. Phlla. .!7i'iiihrT ''ill" Stark Kirliango cf"i V V Uottoii i'i-'i ""ir (if ih. ii- inoiii'v. cy Jl TOi.noft - nno .iin rixiiiiat. i .in aciaca p (if f, ' fli ,,H';i rf IHIKiti.r- 'M III- i i .-id iii 1'ilhlii t'lllll, Sreuri- Hi".. E Our i urn-i l i-'.ri ! "f llnnd C i'npii', i'i'iit.ii'1 it in !it".'irhiriK )J IIIUlIi' mi I'll till, I lllltlrn, lu.u.od h HI IHI'n'M J Fairman & Company Drexel Building, Phila. lliilillfcliril 1007 I. A. H. Bickmore & Co. c 111 Broadway, Now York m i 'n uTiriTinnTmirnimrriirii- ASA P XV I N(l M.ximioTT c irnni .irisr.l'll 11. TOXVN8HNP, Ji. riiunr.Hii' ii. stiiaxvhkihoij .idiin Thompson i:mi,i;n MOHHIH It HOC'KIl'S I.KVI 1.. ft I ' II di:onui: xxoon MKMiu.i; l KDi:n.xl. ltl.fi.livi; M'MDl ,t XX'HIT.Xt.l. Mr li1l..,i,N' rxllKt'll S XVII I.IAM' r.Kfincii: it rii.xn.it sx.Mt'i:i. itn.x iii.xiti.r.s j niioxn iiKonni: it rxi'K.xiiD Jil.sKI'll xx.xv.vn Jr. C. S. PATTON & CO. 3I .1 (III 1TM T srs. BANKERS Sue, i',nr, In sxii r.it .v ir.vKNsoN' ItnniN mni Mm I." Iiuucht anil snlil tin i.miiiiiIhhIiui Xlrmliors I'lill.i. S,nl Kxrhmisr WATER POWER Tfic Greatest of Our Natural Resources Slnwinigan Water & Power Co. I'lrsl llrf. (l. I''''". li'lil li','. JoseplVW.k'ross a, Co. 1421 Chestnut St. I nrrri.' nn Ir ils Xlilr.il A luniiiiii, Have mi Cnnsidrrcd Kxchangini?' Securities? You mny lie ahlc to ohunn a hti'oncpr M'i'urity yielding as much as imp you imxx hold; or n considerably hijrhor yiold from n security of oiiuul sttetirrth. 'c shall he Kind on roquu.st to make definite suc-Kcstii-ins tn meet indixidual re-(liiirenient',. .I .,' for mi i I miinmrnda' mv i l.-r A. B. Leach & Co., Inc. Inrrstntriil Srrurilirtt 115 South Fourth St. I Kardos & Burke ' Storki, ilondi, fort-Ion l.'jcliuiit), 1 1'Jt Walnut St., Philadelphia I I New York Plttshiirgh I I Chicago Baltlmora ' lMrt Prlv.,'1, XVinis ' - Moore, Swartz, Hindle & Clark ACCOUNTANTS Income Tti Coit SriUmi Audits Sprure lift 1 1 1 : 1 U 1 1 L 1 1 . 1 1 .v n Vi; SECI'UITY SALESMEN X Nii'iullii optxirtiiiili, fur ih, mrr. crlii-. ilirrlriunl ,rrurll .ll,-i.iiiiin n (nrm l lirullLilili" rnnniMlloii Mill, it prmn- llli'llt lillikelilKl' llilll-i- So ,rllls lllr .liiiK nf i luri;i- mni nitlirl, iiiirmtlnr riiirriirl"'. Inikrtl li; in ririi,lP n,u,r. f tatne ninipiilKii. 1 lie li'l IrmU Kill ,f filiiiNhril " Mil JtlliHIN, :?.l Xtlilrnrr Hide. H.LSmiTH&Go. INVESTMENT SECURITIES 1009 Una Till Bldf. Sprnct C72L2 Lawrence E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS lli.VI HI. XI I.-I XI I. I HI si III. III,. InM'slU'iili' .mil mlluat i irlni'r.hlii null Inioiup l'u i;,'liirn,. Vy- . A Heal ItankiiiK Senlce I I t ' n i J 1'. i mint, m i -it . I- i " i ii ,i ' ! Ilrinj t ,i m. l i Union National Rank 11 In -l i. li .',..( ' tnr riltrd" in I'ini. ni:i riiiA XX XM'I.H Xiiiiiii In i, liiis, ninn. tnuni; luili . ( lirUiwin . ! 'i in 'in lrniiBriill'r . nnr llilllni; In (iiil In i ,rlf mni luil ilriull. mi,- linn inn nm KiNr il h'Oiill li'llrr mill i'I ilil niillv liiinillr tniiil ultliniil tlKtiltlnn fm n hi-iimii. inillllt'tl .miiiiii; liillno. xniiimi IliU nirrrk a kiioiI i,i"1linn. pili I 51'.', 1 I. IK, I. II llll II I, Safe Bonds for Investment HALSEY, STUART &. CO. Inc. :tl l t -31 l n n m "f i A.:?-Vt:
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