WWii ;535,f-5 """' V , '., "HbPMt ' vW $ V" rU 4 1 riO At) EVENING PUBLIC LEDGER PHILADELPHIA, FRIDAY, 'APRIL S, 1921 llotloa Your Investments 1 our individual require ments are the most important factors in your choice of se curities. We offer the experi ence of our organization in considering your particular investments needs. 1 Philadelphia Office Guaranty Company of New York 421 Chestnut Street 22a "Magnificent Isolation" May Sound Gloriously Patriotic, but it Spells Disaster. AMERICANS HAVE ON THEIR THINKING CAPS They know that the progress of civilization has been through the travel of centuries toward more and more stable social and political conditions. They know that what is known as "good busi ness" cannot exist except when social and political conditions arc relatively stable. They know that for centuries the human race has been looking for some method of co-operative action among the nations that will lessen the possi bility of war. They know that for the first time in history practically all of the nations have agreed to a plan that provides that before resorting to war they will submit to arbitration of differences. The UNITED STATES was the leader in the movement that led to the world-wide agreement upon this the great ideal of the centuries. The history of the UNITED STATES quali fied her for the leadership in this great conception, which, if it be brought to full fruition, will bless the coming centuries, and will, if engaged upon NOW, start the restoration toward stable social and politi cal conditions. It grows clearer each day that the United States which, by force of circumstances, has become the nation of most consequence in the world, must become an integral part of an Associa tion of Nations if the world is to make a start toward restoration. We believe it will, and therefore, sound invest ment securities should not be sold it is the time to buy them. HARPER & TURNER INVESTMENT BANKERS Stock Exchange Building; Philadelphia nendlng, V. Seranlon. ra. 439 Tnn St. SSO florae 81. Members Philadelphia Stock Exchange Wc Offer Sun Company 7s 1931 Price 9j;6 and interest Yield 7SS Standard Gas and Elec. 6s 1935 Price 73 and Interest Yield 9.10 Phila. Suburban and Elec. 5s 1960 Price 72 and Interest Yield 7.10 MOORE, LEONARD & LYNCH ( nnh man Nfuhall. Mir. tlnnd Department 1420 Walnut Street Itnaril Koom Ititz-Carlton Hotel .VcmbuM .Veto York, Philadelphia A Pittsburgh Stock Exchanges Established 1810 Southwestern Bell Telephone Company Controlled by .American Telephone A Telegraph Co. 5 Year, 7 CONVERTIBLE COLD NOTES DUE APRIL 1, 1925 AT 96 ', YIELDING ovuit o ri:n cunt circular 1'imn Hcqucst H. F. BACHMAN & CO. Menitor of New York and Philadelphia Slock Kxrhansn 1425 Walnut Street Philadelphia i.An Organization (or ""'-- " To the Outright Owner of Midvale Steel We have n suggestion to offer whereby your income which has now stopped may be resumed. Tell ua the number of shares you own and we will detail our plan. You will be under no obli gation whatever. 41an A. Alexander & Company STOCKS and BONDS Colonial Trust Building, Phila. Lorust MtO-l-3-3-1 llmneli OITIfe Kore 1011 nrldseton, N. .1. Melmuish & Co. 10 WALL bTllEET NEW 10RK announce the opening of a PHILADELPHIA OFFICE at 318 Widener Building under die management of MR. NEWMAN JOHNSTON BOSIO.N WOHlXSTtlt liiuncit on lets MLWAltK l'ltlLADELTUIA UAUIMOnE WA&I11KG1UN CortMpeadeaM is 10 Cuiu Foreign Exchange Explained Our latest booklet (fourth viltlon) "Foreign Exchange, Explained" clarifies what ap pears to Im a difficult prob lem to prospective purchasers of Foreign Securities. Owners of Foreign Securities will find this booklet of lues tlmnble value. Sent free upon rcqatil lor f-40 23-31 W. 43d St., New York NEW YOftK BOND SALES Summary of Individual Transactions on New York Exchange (SALES IN 11000) Adams l'.xp Is Cty Cop's B4s 3 r,v. 1 ... 74 AU'dJIcvA 1 .. 74 1 in Amn Asrcul A Chrm Bti 5 03'4 Amn Bmll's list's: Bs t 70'1 3.... 784 Anm.T & T ell 1... . 784 4 784 t. . . 78 Amn TIT Bs ft.. . 83' 1.. . 83'1 .. . 83'i 11 . .. Mi Amn T L T OS 4. 10.. 10.. I'.'.. 2 . 0 1.. 004 00 4 00 00' 00 00 4 004 Arg'e llep'e Ss 1.. .. 71'.s Armour. 44 3 70U Aleh Topeka S'n. To 4s 1.. .. -tu 1 .... 774 3 ... 774 AtcH Ttsn Arli'a Dlv 1. .. 78' Atl Coast 1. 4s 1 704 Atl Coast I. 7n 1 ... 1021, Atl'o fruit 7s 1 .... 574 Atlantic net's ct 0,s a o Halt L Ohlocv 1 .. . CH4 B. ... C0H 11 . Ohio 34 I. ..82 3 .. . 83 Halt A, Ohio 4s 1 .. . U8U 0 .. . 084' 1 ... 084 4... . 08 , Halt & Ohio Bs B . . 07 1 3 ... 07U 1 074 Unit ft Ohio Da 1 884 Unit Ohio a West'n 8 Via 1 . .. 77 Tltll T 7a rcta R . 103N 1. . 103 3 1014 1 . 103; 3(sale) 1034 32 . 1034 4 3 & ir. o Cuban 1. 1... 1 1 . Deth 8 1 1034 1034 101', 101 1034 Bs '30 78 74 744 City Cop's m n ... 1014 Clt Lions fl 10 7SU 1. ... 70 City Mars' tis 10 7Bi 3... . 7 10. .. 76i C N Ik 44'03 03 C N Yk 44'0B 1 .... 024 City Parla 0s 0 074 1 ... 07 1 . .. 9 1 ... 00 A City Toklo Bs 1 004 City Zurich fcs 1 07VI 0 07 1 07 Cl'd Cln Chi t, St L 44s 1 . .. 774 Colo (. B 4Ui 1 .... 74 1.. . 73K Comp's Tab Itccord e 0s 1.. .. 80 Cons'd (las 7s 1 . . 100U 1 . lOOli 1. lOUV, I. .. 1004 Cuban Amtr'n Sugar 8a B.... 101'. 1014 1014 101 . 1014 1014 C cv mm 84 i Cuba ltd Cm 3a 1 72 Del Hud fd 1 70M 3 70. Denmark Con ct A 8s 3... . 084 1 . .08 1 08 Denmark Con ct 11 8s 1 ... 084 3. . 084 7 . 07'4 0 4HO fd ct 1... . 414 Den L n O 4s 1.. .. 014 Daii t It O as 1.... 70 Det Edl Bs '40 1 80 Det Edl Co lis 3 . 884 ft.. . 88H Del Tun'l 4 4s 1. ... 74. Det U n 44s ft . . 00 ft. . . 60 D Canada '21 ft .. 034 ft . .. 00 4 3 D0H Do Canada '20 1 ... 03 1 . . . . n'ji: Do Canada. '31 2 . ., 88 14 4 . . 88S Duq. Llht fls 1 .... SOij ft .. 004 . 00, I. .. 00H Lual'n T Va a Oeorsla en 1 . . 87, i-rio n n cv a 1.. . SOVi Krle Oenl Men 1 .. . 3D"4 .. 074 i. . . 07, . 074 I .... 704 1C litls'm rets 07 V 07 i 07 . 07 n 07'; 07 . 07', 07i 07 07 074 07 ICInsdom Den mark ct 8s 3 .... 00t 09 004 004 00 4 00 00 U 3 00 ICInsdom Nor way ct 8s 1.. . 100 2.. 100 1 . . 1004 1.... lOOtt Kins Swdn 0s 10... . 83 11 82 tck Hteel '33 S 044 Lacleda CI' s Co I ot St I. Cs 1. ... 744 Lake Shore 31 S'n 3s 1 C34 Lake Hnorn II S'n is '31 1 814 Lehigh Vl'y fls 3 07 La & Ark's Bs 3.. .. 074 L & Mlers Bs 1 83". Lorlllard C Ss 1... . 81 Lou ft Mash 4 s I... . 81 Mall U Is sta 1.. .. 304 Mid 9 . Or Bs 1. ... 7B 1 .. 734 4 (sale) 7S4 1 (sale) 78 3... . 7S4 Mil Oas Co 4s 1. ... 81 Mln & St I. fd 40'A Mo K. & T 4s 10. 1 Mo I 1 nkn Kdl Co Bs 1 . 80 Duf 11 ! Bs 1 . . 01 Bush Dtds Is 1 .. 084 Cnnadan Nt'n niya rcta ft ... 103 1. . 1034 1 . 102 Canada S'n Ss 3. . . 85 Ct'l of Ga 1st 1 .. 8 Ccn'l of Oft 0s 3 .. b7; Ctl Leather Bs ft... 884 B... . R8. 1 . . 8Si Ct'l 1'aclfio 1st 10.. . 73 Centr'l n It of Kew J fia o oni! 8 . 40 C A Ohio 4 4s lansvlll9 & T 1 7B'i ," miv oa 1 7.M. 1 71 C & O cv 44 rivantvllle & T 1 . . . 7ft " au" to Bs 884 884 BR 4 B84 B8s, 3d til 73 . llo I'acirlo 4s 1 R34 1 R3' I B3'.j 1 . B3H 1 S3 4 3 B3. Mo l'ac Bs '30 1 . 854 2S 83 Nasli Chat'a A St L, Bs 1.... o3; N Tuba Co Bs 1 . SO 1 89 N T Cent'l 0s 8SH I'ltts Ehenan & L 13 1st 1.. .. 01 1 01 rublto Service, C'n N J Bs 3 04 2. . 04 Tteadln Ity 4s 10... . SO 11 Chile rets 1 00 1. ..00 Hep Cuba 4 4a 1 .. . 70T4 Hock I'd A 4 t.oul'a 4 4s 1. . . 074 St I. In Ml & S'n my 4s 1... . 70 St L I Mt U S It & O dv 4s 10.. .. 07 3.. .. 074 St L L 3 V a 1 02U 8t I. ft S I" In 2.. . 474 13 . 474 1 47 4 7.. . 474 3 . 474 St I. ft Trail Series A 3 004 3 . 004 B . 01 1 004 . 01 3... . 004 St U Bow'n As 1... 034 S V ft Kan C H L 14s 1 . .. 0I. 1.. . 04i Et 1"! Minn ft Manl'a Mont 1... . 73 St P'l ft Sloui City 7s 1 . 014 1. . 04H 3... . 044 San Paulo ot Brazil ct 8s 3 074 1 . 074 3 . 074 I. . 07H 3. . 074 Ueab'd A 1. n) 1 . .. 31? 3 311. 1 314 Seab d A I. fd 1.. 304 Seab'd A L C 1... 4B'i 1. 4BK S n Hell Tel Ss 1 81 T 1 81V So'n Pacific fd ft .. 704 1 7Bfc 1 2. ... 7 Eo'n Paclfla 4a 1 .. . 004 1... 004 B'n l'ao cv 4t 1 70 4 78; 1 79 Bn Tao Tarm'l 3 734 S'n Itallw'a 4s 2..... 084 3 B8 I O'n nallto's Ba 10 84 S'n Illy Mobile ft O Ctfs 4a 1 684 Sland'd Oil ol Calf rets 7(aale) 1014 102 0i 3 .. OBU U K of o mil ft I'd 1020 1.. .. 80H U 1C of rt Hrlt ft I'd 1037 20.. 1.. IB.. 4.. 10.. 1.. ft.. ft.. 0.. 101 n 101 1014 101 i 101 . lOt'i 101 ; 101 101 'A 1014 Ont'd Itwa Co St Lo 4a 3 47 U S Mesleo 4s fi (sftte) 83"; V a Mexico Bs 1 .... 4ft U 8 Ilubb'r Bs 3.. . 784 0 . 70 1 . . 784 U H Ilubb'r 71 1 08 U S nub 7 4a 1 1014 Ksale) 1014 1 . . 1014 U'd S Steel As Third Ae al 1 A04 4 304 Third AVO 4s 1 47 Tidewater Oil Co ct 04 1 10 1 3 20 ft 1 Toledo Ht Weat'n 00U 00 004 004 00 00 00 I. ft Is 1... Unon 1... 3 78' C'lt ft O cv Bs 1 83 3 S3 1 .. b2' C ft Alton 34 6 38 Chi II ft Q sm IB... 78. Chi 11 ft O Is 13.. 3.. 7 . 31.. 1 . B7. 10.. 30.. 4 . 084 . 00 . 08', 084 . vuu . 084 . 084 . 08', 084 . OS's ..08'i . 084 . OR 4 0ST, 08 4 OS 4 US', 1 00 4 I 0SV ft 0 .. out. Oene'l 15leo ft t. . 100'! Coe't FRli 3. . 08 08 4 O84 OS' 084 08' OS'.i 0Hv O Switz'd rets An Attractive Gas & Electric Bond Light Yielding 7.85 77ie Denver Cas & Electric Light Co. Ceneial Mortgage 7 Vis (1946) lucular on uqucst Bonbright & Company 437 Choitnut Street ni.!i. j 1 . "iiuacipnia ( llll'UEO Detroit Interest Earned Eleven Times Over YIELD 9.80 We offer, at 95 and Interett, the Eight Per Cent Secured Notea of a Company whose Net Earnings for the Twelve Montha ending January 31, 1921, were over eleven time its total fixed chargea. The Grois Earning! were $75,000,000 and there ia a Sinking Fund of 1 a month. Upon request wo shall be pleased to forward an interest ing comparison of thia security with other recent ones of simi lar character. If you aro Inter eited in making the most effi cient Investment of your fund it will pay you to Send For It Frederick Peirce IIONDS run & Co. 1NVF.ST MBNT 14'Sl Chestnut Street, Philadelphia Safe instating la merely a malter of Mioutno- uhera to bus vour bondj Equipment Bonds I'lilla. rinn 1021-1030 To net from 0.40 to 7.35' Particulars on Request Townsend Whelen & Co. Members N. Y. ft Phlln. Slock Kuliances 505 Chestnut St. C. S. PATTON & CO. . SO A CHESTNUT HTS. BANKERS Riiceessors to PAII.EH St HTrYrNSOS Bonds and Block bcuirlit and sold on commission Members Phils. Stock Kiehsnse 10 33 47 47 30 43 1 Chlcaao Tl'n Q Is res 3 . 981, Chi Oas l.lnht ft Coke Bs 1. . . 734 Chi ft Erl: 1st 1... . 78 Chi tOWIi 1. .. bo; 2.. .. 804 1 . .. 81 Chicago Mil ft St P'l d 4s 3 .... B04 00. .. BOS Chicago Mil 4 StI cv 4 4 1 ,. 04 3 04 Chicago Mil ft Stl'cm 4 4a 1.. .. 74j 1 . . 74'i 1 . . 74 , 3 ... 741 Chlcuso Mil r StP't cv Bs 1 014 C.ilcnso ft Nth Weat'n 0',',b iot; ... 1041 .. 1044 .. 1014 Trunk rets ... 1014 ... 1014 ... 10! a, 101 'n . . 101 4 O Nth niy 1st 2 .. 80 Hud ft Msn fd ft 1. 30 12 . ft Hud ft to... 14... 10 10.. V.". 1 .. 1 . . 0.. 2 . 3 3 88S 88H 88 , H84 S84 88 V, 88 y, 884 .. BO l'ao cv .. 84 . . 84 Union l'ao fd 3... . 7ft; 3... . 784 1.. .. 70 2... . 784 Union l'ao 4s S04 Union l'ao 0a 1 004 1... . 09'i Union Tank Car Co 7s 0.... 101 1.... ioo; U K of O Hrlt ft I'd 1031 I 004 3... . 094 1 09V4 7 004 U It of O Hrlt ft I'd 1033 4 n. 20. 1. a 1 3. 834 884 88 8S4 RtU 814 84 4 1.. J. 3.. 3.. V. 1 Utsh 1.. . 00S . 034 . 034 . 0B4 . 0B 084 ft I. Ss 70 ; . 70 i . 70 4 Va C Chcm 0s 1 01 Va C CI 7 4a 1 .... 034 1 .. 03", 3 034 Wabash It Snd I... . 73 Wes'n Cleo Bs 1 . 0ft; 1 .. . 034 4 . .. 0B4 W union 44s 10.... 78; 8 (sale) "84 W ft U Mfs 7s OS 4 OSU! 10O . 00'. . HON . 00 . 00 4 . 00 , . 03', . 00 . . 00V4 004 . 09 H 09 4 . 00 . 00 a, . 004 Co ov R4H th now bulk desirable. LIVE8TOCK QUOTATIPNS Chleaao, April 8. CATTLE llecelpts, 1000 head Generally steady on all uradea and classes. Choice 1487-pound stem for export, 10. Hulk, t7.7B98.30i bulk, bu'eher cowa and heifers. $3.2307.35! cannera and cutlers largely f3,B0Oli bulk, bolnsna bulls. $3.33'0 4.60i built, beef bulla. JftiffO; ""1 calcs mostly I7ff8, stockcrs and feeders largely arnind.10 80(tt...ft. ,,. .., II06S Hecelpta 22.000 bead Opened If (0 IBc loner, light and mediums later stradt , others 10c to 16c lnuer than yealetdm s mm Tnii. 10.7ft' bulk 200 pounds down, ii).ft0O0 7r,. "mlk 320 pound up, 072Bi nlB'., ISO to 20c iocr ' BHKnP llecolplH. 7000 head. Kllllns .1..... nnnei1 slow, eeiicrally steady no rholc IlKht lambs sold early, (tood 77 Sd oolen lambs. I0.3B, , built, shorn pound shorn lambs. 7 sood 100 pound shorn ewes, IB 73. Pltlslmrah. April 8, -11008--Heolpts. 3BOO head Lower. lleavlos. 0, heavy , vorkers llisht orkers and piss, $10.3j , VltV.Er AND I.AMHS Hccelpls 800 head ' Steady. Top sheep. tOi top lambs, CBi. CALVES Receipt. 100 head. lllsher , Top, $12. J'aat tt. Louis. III. April R CATTLi: i neoelpts. 000 head. Hardly any steers hero, light leanings and heifer slow, other classes stead) . not enough salea to glJ quotations, eal calf top. 0. bulk, $8,235? ' itbc.S nerelpls. OSOO head. Open slow 1 and lOo lower, now ctlo and steady 10 a hade lower than aterday'a tteragc. Top $10. bulk light and light lights. $0 nritr 10i bulk mediums $00.B0i bulk heavies Jfi 008.00 packer sows steady, pigs McHdv to SBo lower quality soodi nearly eerj-' ii.i in a,,.! mii, ..en! heales. MIK.F.P Hecelpta. OOO head. Np market receipt all direct except one douhlc-dcrk of fairly good lambs which was not sold -CATTLE 3So lower. Slow. $59 1 . 1. 6.. . 3.. 7 1.. 1. . 1 . 1 . 1 . . o 1' ... 3. . I... Wilson 3..., Wis Central 4s 07 4 r.ast lIufTnlo, N. Y., April 8. Hecelpts, 30n head. Slow to rales. receipts 2000 head. iroOS r.eclple. 7000 .head. Slow .SW 40c lower, lleaw, $00.7ft, mixed 10 10 25. yorkers $I0 2310.60; llglu Jorkers. tl0.7r.ff 11. roughs $8! "lass. 3.B 0 ' BHCKP AND LAMnS Ilecelpts. tl.000 heail. Lambs. SfttrBHe lo"";-??01 ln,,ni'" 010BO. clipped lambs, $BO0.2S others unchanged Heavy Shipments of Grain In Texas OaUeston, TeiM, Aprlt 8.-Eight times as much wheat wa reported through Oanes ton during March ns compared W'lth tho same month last lear, aecordlnv to figures maile public today by tho Galveston Cotton !. chango and Hoard of Trade. 0taJ,"",'Po ments of grain amounted to 3,0.. 10J bushels Liberty .'I'.ja Liberty LM 4s Liberty 1st lVis. Liberty LM -IUb.. Liberty d lVis.. Liberty -Jth 4is Vic Note 3?js... Vic Notes 44Js... nigh no.ao 87.72 S7.80 87.70 00.00 87.88 07.B8 07.00 IjOW J10.U0 87.rn 87.00 87.C8 1)0.74 87.70 07.50 07.50 . GS 1 13 p. m 110. 'JO 87.08 87.70 87.00 00.70 87.70 07X.S 97.00 A Modern Bunking House In our enlarged and modern nuurters we are prepared to k'Hs you complete banking service, Union National Bank "Wherj Arch Strtet Cnnsea Third" IN I'lIlLADKLI'HIA lay i.. . , . . ' "1 llliehlnr .. In.. .. .... f Drtrrln.l -. .". ".' """ "Oil'" bonrht r .. ""'" on any seen- our 1 ,.:" "" vo.v urile , vvktei M-u und u,rn ,i, .....K -- -.. ...w ,VMUU H.?',Y-,STRAua &co. l,k ''chaiu, ,i,r rb'lule Iplils GRAIN PROVISIONS COTTON Our Daily Letter flout 011 leijus.l EE, HlQGINSON & C ) won Jf&"S!? lOG li'n. .... niicwo jLLJ!n""Cu lldK Phlladelnhla Hughes & Dier Ij'hlbi. Ht (Hltibun asu Uuard of 1 rails rouura cicuanas stork radians lltmber tibursk Stork Kx 1435 Walnut Street laruo U Uim UN v PhdadelphU 1. -r Morris Brothers Co.1 Established 180S 1 Bonds for Investment Municipal and Corporation 1421 Chestnut Street United N. J. R. R. & Canal Charles Fearon & Co. 333 C!u . i rt'cei ' oH OSS 1 .... 08"i a osH 1 08. 2 08W 4 or?; 2.. .. 08 2.. . 0Ri 1. 0S4. B 00 4 1 ORs. 2.. . os; Chicago ft Nth Wsst'n 7s 1.... iqi, 3.. 1014 Chicago ft Nth W'n et Sa 2. . 100 Chi Hiy' as 1 . . 03; tl .. , 02. 1 02 ; 1 074 Chicago n Il'd ft Tao fd 1 . .. 074 I . . 074 B. . 00 1 . 07 Chicago 1; U'd ft l'ao 4a 1. . 704 1. . 704 Chicago Union Sla'n 4 4s 81 .. . 81 Chicago L'n'n Uta 8s wl 3 ... 1014 Chi ft W I ts 1 .... 604 Chile Cop'r 0s 1 71 Chinese It Bs 1 43i 3 . 434 City Utrno 8s B . . 004 B .. . 004 3 064 10 07 I'll; Ilord x (Is . 034 "3 4 05', M, . 00 03", Man In .. 34 U . 31', 34 ,. 31', 341, . 33 .. .18 . 34 4 . OS . 3B . 34'. . 33 83 111 Cent I ft 4s w . . . oil', III Con' I 4a 'S3 1 70 III Cen'l 4s '83 1 70 Indl'a Eteel .Is 00'i 2 ... . 00; I M Marino 6s 1 . . 81 ft... . 80', O.. SO'. Int Met 4l,a 17... . 184 2 10 10. . . 184 2.. . 18, 1" 1S tnt Met ct 44 lav, Intboro n T fd New Tork Ct'l 7 rcta 3 . 101 ft. .. 1004 4. . 100 N T Chi ft B Loula 4 3 . . 78; 3 . 784 3 . 70U 0 . 704 New Tk Dk is 1 . 00 1. 8 Naw Y N H ft II cv 34' 3. ... 384 New Y N II ft II 4s of 'R4 1 (sale) 33 New Y N 11 ft H 4s '80 1 . 404 1. 40 4 New Y N II ft Hartf'd 0a 3 . 02 N Y Tclo 4 4 2 Rt 7 .814 0 18I 10 .. 81 4 N Tk Tele 0s 1 00 V, Nfk So'n II Ss 1 4ft Nf k ft W n Is 3 . . 7rt" NAW I'oeu'n Coal Co 4s 10 78N North West'n Hell Tel 7s Raw Sufjar Market Easy New York April 8. The raw sugar mar ket continues easy, with surar offering at tho nw low price ot ft 80c, duty paid. In addition to the sale of San Domingo, re ported sold on Thursday, thero were addi tional substantial sales on the same basis. The sales Included 10.000 bass Cuba for Immedlato shipment at 4T, r. cost and freight: 20 000 bags afloat at 4TC cost and freight; 8000 bags from rtoro on tho same Lasl, all of which figure out B.RHo. duty paid I-ocal refiner were the chief bu)crs. Importations Included 3B.00O bass PortP niros to the American Sugar Ilcflnlng Co., 23,000 bags Cubaa to tho Warner Kiur.ir lie flnlns Co.. 43,000 bags Cuba and 10,000 hags Perus to tho National Sugar Ueflnlng Co. and B000 bags Perus enroute to Canada. The local refined market Is unchanged. The Cuban eugar finance commutes today sold 40.000 bairs new cron Ctlhas afloat nt r. csnta, coat and frolirht. equal to fl.02o dutj paid. bales of uncontrolled sussrs were mad lata sraterdav at B.8O0 duty paid In the trade today' 40 000 bass were said to l tor Philadelphia refiner, thought to be McC'ahsn To Holders of Certificate nf Deposit Issued by f.UAIlANTY TRUST COMPANY 01" NKW YOIIK. a Depositary, for CHI CAOO A KASTKUN ILLINOIS KAIL IIOAI) COMPANY OENKIlAL CONSOL1 ITKI AND FinflT MOKTOAOK I'lVK I'KIl CL.NT. nONlVi, due 1037, deposited under Bondholder' rrotectlre Agree ment, doted Aurnst 3. 1015. between "Depositors" of such bonds ns defined therein and the undersigned Commlttc. Notice is herel given that, under and pur suant to said agreement, tho Committee has formulated In co-operation with other, a p'an and agreement dated March 31, 1031, under which Messrs. Kuhn, Loeb ft Co. are to act aa Ileorganlratlon Manager for the reorganisation or adjustment of the affair of the Chicago ft Eastern Illinois Hallread Companv, that a copy thereof has he.n fllnil with anlil I)nosltarv at its office. No. 140 Hroadnay. New York City; that tho date of the first publication hereof Is April B. lOJli that, pursuant to said agree ment dsted August 3. 1018. everv "Deposl tor" under said agreement, as defined there in, will be poncluslcly deemed to havo as sented to said pUri and agreement and to bo bound thereto, unless he shall, within forty das after tho data of the first publi cation hereof file with said Depositary a ,t,lln iinllrn nt rltM.ant from unlit nlan and agreement withdraw from said agree ment date, August 3. 1018, and make pay m"nt an therein provided, and also repay with Interest any advances made to him I bv said Depositary or ca'd Coinmtttee. and that the Committee has fixed ono per cent, j of the principal amount of bonds deposited by each Depositor who o withdraws .from 1 naia ngreement an me amount wnicn nc must pay toward the expenses of the Com mittee. Copies of said Plan and nsreement may bo obtained from said Depoaitnry or the Secretary of tho Committee Dated, New York. April 5 1931 HUSKY KVANH. Chairman .1. HOWARD HOOAKDU'J HKItlir.KT II. DEAN SAMUKL r. SI REIT 1'KAMt II. WTXKS Committee. Talks To Investors Wnr.N all tuk wortLD n yenr oro was talking nhout the mniiilr nanraof the inflation ltootn, null predicting still higher prices for commodities), our .Service wns flrrfinitely forccnating n period of pronounced deflation for 1920 and after. Our forecast was tint bused on guesswork or chance, hut wns ftimply the result of careful study 01 tun fundamental motor. Commodity prices hnd advanced far beyond tho purchnsing power of tho people, and therefore a slump was inevitable. JrTVKSTons tcno wm: fortunatk enough to have otir ierTice dur ing tlinl period, and follnwrd our advices, ntoided the grcnt looses in their security holdings which others suffered. Tnr. rnonuaiis ahlad of us arc just as vital ns those of n year ago. We aro living in rry un settled, abnormal times, and the extremely conservative imestor needs expert advice und guidance in these days, fully as much ns be lias needed it in the past. To SOLVE THCSE mOftlEMS is Ollr business. Why not let us solve yours? The cost is nominal in view of the benefits received. Moody's Investors Service JOHN MOOIM. President 1121 Real Estate Trust Illdg., Phila. nOSTON M'AV IOIIK CIllCAfil) Facts Regarding Par is -Orleans 6s Obligation of the sec ond largest railroad in France. Principal and interest secured to the Company by the guar anty of the French Government. Stock of the Company quoted on the Paris Bourse at 115 of par. Any improvement in exchange rates on Paris will increase the value of both principal and interest of these bonds. Price about $65 per 1000-franc bond. Scttfi for circular Hemphill, Noyes (25. Co. Mtmbtt tferr York Stock Eichanf Franklin Bk. Bldg., Philadelphia New York Doiton Scran'.on Buffalo Albany Syracuse Baltimore Oklahoma Gas & Electric Co. 8re Bond Secured Notes, 1931 Earnings: 3.43 times interest requirements. Secured by 150 Gen. Mort. Bonds. Dividendi paid on common & pfd. stocks for past 12 years. A aecure investment to yield Descriptive circular on rcqueit. R.L.BOSTON&C0. INVESTMENT HANKERS STOCK EXCH NOE Ht'ILDINtl PHILADELPHIA iSiin.co 2331 llnce Z23 Exempt from all Federal (ncomo Taxes Miami Conservancy District. Ohio & Bonds Duo 1922 to 1940 100 and interest This District takes In part of nine counties and Includes, among others, the cities of Day ton, Ham ilton, Middletown, Piqua and Troy. Circular open reqnesL Harris, Forbes & Go Pin Street, Corner William NEW YORK PHILADELPHIA OFFICE Widener fcldg. BUTTER, EGOS AND CHEESE New York. April 8. BUTTKH firm re ceipts, 7.183 tubs. Creamer), higher than eitras. 40W 50c. creamery, eJtrn. 03 score 4Ur: creajnory. firsts, 88 to 01 score. W!t 18', c; packing stock, current make, No. 3. 31r UOOH Irregular, neeelnt. 41,113.1 eases. Treah gathered, eitra flrsis. 'JO", 30'i c. do flrsta, 3(l30c: stato, Pennsylvania and nctr. by western hennery whiles, first to extras, 30$r37c; tlo, browns, extras, 34c, do, gath ered browns and mixed colors, first to extras. 38i(r3:'ici Btoroso racked extra firsts. 31?3iy,c. do, first 30S 03O'ar CHEKSB easier. Receipt. 3,113 boxes. Stats whole mill,, flats, held, specials, S7'i ffSOc: do, aerase run, 3.130Vji, lalc, whole milk. Oats, fresh specials 38', WZtc. do aerge run, 33c. SIMPSON. HALSTEAD, niACHER ft HAUTLETT Counsel A. V. HALSTEAD, f-errotary. r.j ceaar oireei. ,pw iotk k ny GUARANTY TRUST COMPANY Olr NEW YORK. Depositar. Stenographers in New York Hank Excellent opportunity In largo downtown bank for capable, experienced atenocraphers under 3.1 ears Permanent positions ex rellent working conditions Good salary and lunches, Stato uge, education, experience and aalars expected 1 rite E. A. C. ROOM 701 10 W. 41th St.. New York THt If There Is a Market We Can Find It We hold sales of stocks and bonds' every Wednes day, charging 1.50 en trances fee for each item. Our weekly catalogues and postal card service reach every mar ket. Wo take pleasure in furnishing quotations. Barnes & Lofland Stock Ilrokers and An.'lonerra 117 S. 4th Si. WIEGNER, ROGKEY & GO. Certified Public Accountants' Drcxel Building, Philadelphia COUPON GOLD NOTES NET 10-h Trensurer Sterling Tire Corporation Established 1908 Rutherford. . 1'or 1'nrtleulnrs Address Oi UR April list comprises fifteen carefully selected Public Utility and Industrial issues of Bunds, Notes and Preferred Slocks yielding G',v to over 97" Ash for Cnralai f.-li IIolI.slcr,WIiile&Co. Inrnrpor.itfd North American Hiiildins: PIIIUMI.I.I'HI. lIONton proildriirr rw Aork .prlnglleld I'itlstlrld Portland B4V Bl'j 14 tk SI '4 BH. B4, n. 3. 17 . a . 1.. 3 . .. l. l.. i B 1 B . 1 4 . 1 O T i. 4 3 3. 3 . B4', 10... B4S 8. . S4 Iowa Cent'l Is 8 .40 Jap tiovo't lat 1 . . 83', Jop Uoie't sa 3 . , 83i 0. . H3'i Jap Ooio't 4s 1 . .. OB'l 0.. , 03 'i Kan-Q Ft 8 ft Mmep 4s 1 00 Kan C 1 8 li B .09 1 BS', B . ,1B' 10 . BO Kan C 13 Si 1. . . 74 . Knty Cent 0a I. . . 084 K Delslum as 3 01 3 00t, IC Helg'm 7 Via 1. . . 0744 B (sale) 07 H 00 4 03 00", 00 ' 00 V, 00 '4 00 W 00 V, 00'i oo; 00 '4 0 ' 00'i OB h 00'i Mil' 4 00'i 00 u 00 1. oos 00'. 00 , 001 3.. 00 No'n Pacific 3h B . . . . B4 1 . BS No'n Pacific 4s 3. 70', 7 . 70Vi 30 70 North'n States Power Bs B . .. 771, Pao O t E Ss 1 77 'i 1.. 77' Pan Am Pel i. Tr Co ,1a 3 118 8 07'. Pa II ft 4s 'IS 10 ... 70i Pa It sm 4 'is 1. . 771. 3 . . 77 1... 77 Penna Tl It 3s 8 . .. St 0 . 81 6 . 81 Pa It n'd O'is 10 13 7B. 73 i 0714 07 K 07N. 07 07 J 07 '4 07 Vi 07'. 07', M7, 0.1. OSS, os, HS'i 0B' 0,1 on OS', os ; OSH Oil', OSS os 3.. .. 03U 3 .... OBU renna It It 7a 3.... 103 3. . 103 4. . 101', 101 renrla. 1 E In 10 , 30 ti Per Marat 4a 10. 80 Phi County cv 1. . 02'4 Phila HT4Hs I 73 San Paulo HALF the cofTec consumed in the United States comes horn the State of San Paulo, Brazil the coffee producing center of the world. Over 2,000,000 acres arc devoted to the raising of coffee, representing an estimated investment of $500,000,000. San Paulo also produces cotton, sugar, rice, tobacco, beef and textiles. Its foreign trade is a third of that of all Brazil. San Paulo "The Empire State" of Brazil 1 San P.tulo is commercially the most im portant State of Brar.il the largest South American republic. 2 Its territory is approximately as lui'Kc .is tjic New England States and New York State combined. 3 Its population is about 4,000,00036 pco , pie to a square mile, or equal to the pop ulation per square mile of the United States. "A majority of the people are cither Europeans or European descent 4 Situated almost entirely on a plateau 2,000 feet above the sea, its climate is healthy and invigorating and is similar to that of Southern California. 5 San Taulo exports in 1919 amounted to about $271,000,000 and its imports $95, 000,000. G San Paulo is the most progressive State of a progressive republic. It leads in railroad mileage and equipment, tele phone and telegraph lines, educational facilities, and sanitary works. 7 The credit of San Paulo is high. TSO previous external loans were paid. before maturity. 8.47 annual yield on your money 15-Yeah 8 Sinking Fund Gold Bonds of the State ofSxs Paulo, Brazil DUH JAN. 1, 103(i External Loan of 1921 Redeemable at 105 and interest after Jan. I, 10vJ7 THESE bonds, together with the Sterling and Guilder Bonds simultaneously issued in Lon don and Amsterdam, arc a direct obligation oft ho Mate of San Paulo. They arc secured by first charge on a6urtaxof5 francs per bag levied on the export of all coffee grown or ptoduced in that State (subject to specified deductions until August , 192t). The bonds are issued In denominations of $j(J0 and $1000. They arc traded m on the New York Stock Exchange. Wc offer the bonds "when issued" in a limited amount, subject to prior sale, at 07 Vi and interest to yield, at least 8.47 if held until redeemed. li ra . Which Are the Good Rails? We have issued a special letter outlining the most prom iiing issues. Sent free on request Ash for L-8 RK.Girtlric&C? Mcmfc'rs IMuU. Elorl, Lichinrs 1418 S. Penn Square :;unu 3do trni ' i mot iu' i 3J7I, I'riiuto ilfi.ai to 2iw YoiK W -a Send for booklet and circular giving; particulars CASSATT & CO. Commercial Trust Uuilding Philadelphia . obot. afafrmsnta or. oal.d from official and other sourer, TTWr. Kat puarafrf J. b,Ket. the, (o c retinbl. We offer Lukcns Steel 8's, 1940 (Penna. Tax Free) Wc Specialize in Liberty Bonds WiDlNtn Btoc Pnilaoiiphu ' I I Milan N i ll - 1 ' fx tw iiman h ) Si Luzerne Co. Cts 6V LI. 3s, 1948 Winch. Rep. Arms 7 s, 1941 Central Vermont 5s, 19 30 Green Star Steamship 5s, 1923 Pcnnn. Pr & I.I. 7s, 1951 Sun to. 7s, 19 31 LAND TITLC DUILOING, PHILADELPHIA, PA. Member- Philadelphia Ntiirk I xrhnns Stockwcll, Willson & Linvili Certified Public Accountants Land Title Bldg., Philadelphia R.E.CARR public V. L. VVlr. ACCOUNTANT AflllTM INVIWT1U.TI0N9 inoom tax, refund and adluslmenl handled re'snnally with ll llevenus 1 " ' Inn I T . tv fi' ,',KM-ff, ,..uji ,. 1),jit v sTtaM-'-'-i t- . V.1IU. .! , fa tjt,(y. ,;tt , i'K -.' tit i .-w
Significant historical Pennsylvania newspapers