f-nVJ vn jP' v n "v ,t s-."jj.' MtsVa i VV' 'Jl EVENING PUBLIC? (LEDGEBr-PHIEADDPHIA; THURSDAY, 'APRIU 14, 1921 10 I !! , jT - " A -Mll ill TPB 1 "iniMwipMri- 1"'w ir ttmmJStRJdBU ,M0 jxiw- BWr.tK.a aS-BtlBrW ",. pes Vf!HjVVS MXtfXVS aaiAif A-?j2vtifta mts? b &3 wSusrw W&W3 I W T ! 8iS-'..ni,,'2 ..-fi. 1 lin..4,W"'- ' hMIIi ww a Si SKSim... mi Ti ,' ' 1 1 !! "Save It, Young Man, Save It!" amount txuor mvmyp IMeOlTANT- t.i V. MM k r.4 M. H.W. S.M e Ct OKta. f VWlMJ W uw.Lj.ca. uuia at-. JLirn.- -"OA-Jjha !- rCIAL 9TA1IXCIT KM.U tj rv liPls- lt I SM u Dm Ottttta WU. lii. 12. K, 1 Dm I. 0. ,1-. 7l tuo xnt onq wiu t with tw B wfr Z utp. WJ. st eM .. K ft 1 ..yE 1 . ZlfW an Ml J) - J-,- T-ttl AMUaj L US JLU: ti ttru jua- JAOLJLLxru- -j& -AH. I.Tortu- w GOSSIP OF THE STREET New York Bonds YOUNG MEN who are wide awake appreciate that their success or failure at fifty depends upon how determinedly they save during the period of their great est earning capacity. We, in HALSEY, STUART & CO., also appreciate this fact. The young man who buys bonds on our partial payment plan today is the success ful man of ten and twenty years hence. His futxirc bond buying 'business will be worth handling. Wc believe it good busi ness of the most enlightened sort to make special efforts to help young men save, especially to save by getting the bond buy ing habit. Largely with this thought in mind, wc instituted some time ago Halsey, Stuart &: Co.'s Partial Payment Plan under the An ambitious young man once asked the late E. H. Harriman how to be suc cessful. Well,I'dtakep,QOO-," Wgan Mr. Harriman. "ButI haven't any money'' interrupted his questioner. "Haven't $5,000? TJien go out and save it, young man, save it!" terms of which ypu may purchase any of our bond9in partial payments, extending, if desired, over a ten months' period. From the time of your first payment of 10 or more of the par amount of your purchase you obtain 6 interest on your money until payments are completed. Payments may be made monthly or semi monthly in amounts sufficient to retire at lca3t 10 of the unpaid balance in each of the ten months succeeding first payment. The plan combines systematic saving with conservative investment and a more liberal return than would ordinarily be available with the same degree of safety elsewhere. To young men especially, and to all who arc interested in systematic accumulation, wc recommend this plan. Amn Rmtt'K 4 nef'K Ba 1 . Tilt 1 . 70 i 70 Amn TAT clt 10 . 7',1 a 78 A T&T cv4Ua 10 . 87'; I . 87 , r. -, Amn T T 3s tSAl.Ka IN 110001 1 1 .1 Amn I 1 0 1 r. x l R3i . nan VJ '1 82 ITHl 110 llll 4 HO v, . 00 i'nv 09' Additional detail regarding the plan are contained in our booklet PA-G, which will be sent on request together with our list of offerings HALSEY, STUART & CO., Inc. LAND TITLE BLDC, PHILADELPHIA Telephones Locust 4820 CHICAGO NEW YORK DOSTON DETROIT ST. LOUIS MINNEAPOLIS MILWAUKEE Armour 4 Mi 1 711 'i Alan Topkft 4 H' Ft ) 4 0SH Atch 'lop'Ua A 8'n. la 4 10 70', Alfli Tupekii it y IV cv Is 1 70 Atch T & 8 V cv In 'CO I 70 Atlanta Knox UH ft C In I . 7.1 'i A Cuilnt I. clt H 07 i All (.'nil it t. le I 7.V, A 1' Line I'js I 70 All'c r-'rull 7 1 US 1 r.5 Atlantic lUf'g ct 0H I OO'i 1 -i HO ' 1 . . O0S 00 W Unit tc Ohio c 1 or. I 05i II nit ,V Ohio fin i no h no Ualt & Ohio C a am; I 88 ; 1 asy, 88 88 88 . 8S 88 Tul Is .13 M Ohio S II A I Hall & Wont n 3'4 I 77 1 77' 1IW T 71 rcli I I llUi 1 tloth 1 II kn .1 103S IU3i Steel M sa'i ! it -3r. IffirT 1 - kiA Exchanges Y our list of securities may be strengthened by judicious exchanges. Many excellent opportunities are now avail able, and we shall be pleased to consult with you and make suggestions. Philadelphia Office Guaranty Company of New York 421 Chestnut Street L tVI Crew Levick Company First Mortgage Sinking Fund 6 Bonds To Yield 7.80 irect obligation of Crew Levick Company secured by Hrst Mortgage on all property owned or hereafter acquired. Crew Levick Company is one of the oldest oil companies in the United States, being "As Old as the Industry." The company owns 700 producing oil wells in Pennsylvania, Ohio and Oklahoma, two refineries, a compounding plant, and modern export station at Petty Island, Philadelphia, 197 tank stations, has 239 tank cars r.nd 237 miles of pipe line. Its products are exported to practically every coun try in the world. Interest on the above bonds earned bv a wide margin. Price 87 Yz and Interest Henry L. Doherty & Company 604 Morris Buildincr Philadelphia Telephone: Locust 1M0 Pa. Kingdom of Denmark Ycar8ri Sinking Fund External Gold Uonds Intrrcbt Due April 15 Interest due on the above issue April IS. 1921, will be paid upon presentation of the National City Company's interim Pi"u,iat" t0 '"e transfer department of the National ity Hank of New York, 60 Wall street, accompanied by n ?m.e. tax ownership certificate, form 1001 A. uennmvc bonds are expected to be ready for delivery on or about June I, 1921. The National City Company f?1' , . i" Law -,. WE OFFER Hiempl I 10m .Ml b'eiUral moine Tiixts Exempt rroin Stale, Municipal ami Local Tarea Throughout the I'mtrd States,- Excepting Jnici- ffemec Taxei Federal Farm Loan 4s mai i, ma;, on. iir.'i t Price 93 To Yield About 5.15; and Int. Joint Stock Land Bank 5s 'IV. I, 11)31). OI'T. IU1I Price 95V2 To Yield About The question of nilsmanagcmiMit enmn "P yesterday In tlie office of one of tlio uptown bnnkern. Tills nHUCrtlon, one of those present declared, was oftentimes unwarranted and undeserv ing. "If stockholders are dlnsotlsfled with the manner in which their prop erties are conducted," In; enld, "they enn quickly remedy It by choosing an entirely new set of mnnugcrH. "Many shareholders of our Mr cor porations, Including the financial In stitutions," he coiitluued. "like the voters qf the country, failed to recognize tne met tney nnvo me control in me palm of their luiniN. In my nWrvn tions, the dlrcctorn In most Instance represent n decidedly small minority, while the real majority of ownership In variably rests with the army of share holders. To confirm tliK you simply have to make only a casual examination of the number of shareholders In the various corporations nrnj divide that into the capital stock and you will find where the majority power Hex. Ho l.'ny. If shareholders do not feel satisfied with their managers all they have got to do Is to refuse to sign the familiar .rnrlou mint, nut nrlor lii the election. choose their owu i-et of managers and then elect them and there would be nothing to stop them. "Mo-it people do a lot nf grumbling, yet do not take (he trouble to look up a remedy for Ihelr mental ill"." he con cluded. Market Inside. Sport Alfred H. Now burger. New ''' resident of the tlrm of New burger. Henderson & I-ocb. dropped i tester dav at the home office. Commenting on the current, market situation, he ex nrc'scd the opinion that im one with means and patience could tinil nn almost endless list of bargain on Hie 1M these days. "For the mon.'1 he -mid. "who ha the temerity to Jump In and has he cash and can sit tight, these ure the davs or wholesale bargain". Utile scrlou consideration." he continued. "should bo given to me "'' " .t..u n those merely reprceut the scalping operation of the piofr lonal scalpers. More than . P;r en of the dailv transaction cnilniite and are confined to the room trading con tingent. The majority of these trader ate arrayed on the 'short side. and. I would say. short selling has virtual y become an inlde sport, llie bear fol lowing, unless every reliable sign is misleading, i bcoming rapidly over crowded. In nil event it "ceiii too innnv ure thinking Hie .um; wn to make excursloim on tlmt side of tlie market u sufc pastime " Oil riclds In MimcIi During the month of March, in the ..11 (1..I.U coveted by the Oil ity Der rick's monthly oil repoit there were "(it) I wells completed, or I.M less than in the previous mouth. The new pro dndiou ci edited to the well wn JJ4. :t."l barrels, an increuxe of U.l.ii Bar rels, large y as th rcnlt of some large wells in the Middle Wet The Mime cunditloiiH which kept down the ituinoei of completions duving Kebruarj mused thr decrease in the number of new well (luting the month just past. The crude oil market, however, seem to offer a little mote etKunigeUient limn it did nt the start of Murch. The price of only one grnde w;a reduced wiring the entire month. The divisions that tcported more complications than during February were Indiana. Illinois, Kansas. North Texas olid Wjomiug. The difference nniounted to onl few wells except in the ea8e of Kansas where the Increase wus 1fM. H'' "ebl that leported larger new- iir.mii.iun were Indiana. Notth 'lxas Wyoming and the llulf f'oast. The largest gain wa in the (iulf Toast, where tlie dif ference amounted to 111.18!) barrel). The Increase in Norlh 'lexas was !U!10 barrel, in Winning. ."U7S barrel, in Kansas, 510H barrel, and in Indiana it amounted to 170 barrel. The greatest lo in new production was in Oklahoma, where II nniounted to 0:UU bariels. In North .ouislana the decrease aggregated I '-'-I! bariels. In Kentucky -Tennessee the loss was I0!H barrels and in I'onnsUwiiilii 1 -'!)-. The diflereiice in H'' tln-i divisions was slight. Canadian I'.iclllc'). l-'lne Condition It i Interesting to note that of all the railway .stem In the I njted States and Canada, the ( unuillan 1 u ciflc emerges from the wartime .met gencv in the best phjsictil and linancial condition after having uped all tlie legacies of tioveininent operation whli;li fell to the lot of th- other lullwas on both side of the intei national boun "'I'lie Canadian PaciuY. under private mnnugetiient. is in the liealthleM ton dltion In .'otitrast with all ot tin- rnil wui of the I nited Stat- grouped i(s onu system, although not iiudei (.ov crnnient control, and all "1 the railway of Canadn. with the eveptlon ot the Cunudian I'acitte. group..! as on.; sys tem both owned and operated by the Canudian tiovernment. 'I hen-fore the situation icadllj divide itelt into the il .., .....neK Allli-t 11-1111 mil- road, 'Canadian national ta.lways and On. iuiiw,. a. the Canadian I'aclfic ' , ,, According to the la-t report from (, Washington, nil tlie Atnencnn ...- ..--. considered as one group, -induced tn the calendar jenr 1V- '"' operatliig IIM iuiii.uu. . IUIIIIMII1 ,..i,nl In revenue witn auoui om.'.' ..,..-.... less than one-noil oi wiui in...ie... ... the CoiiBdian I'aclfic during r ml. Tli a in lace m its', HSi, PH'i Del & Hud 7t 2 . 103'i I 102 Dcnmnrk Con ct A Hn I 1 I I 1 Denmark Con et tl Si i ti ; Den & II O f I t I1ii 1 4 10 44 "i I 4 I ' i 1 14 r, it 5 IH, Del Uill r.i '40 SO 'i Do CiitiKdii '20 I 1)1 Do Cmimln. '20 B oa Do C'nnadn. '31 .1 .. . Dua I.llht On 1 no n do l no Krle Oenl l.len 1 . 4(1 a . at) '4 a an , a - :tti : Erto H 11 cv A 2 no"i Crle It n cv D k a1) a .ti t . . .10 t :i4 Oenl P.lfC ll'4 New T W C 4 Doit 4H I .. flO'i Nth Wmt'n 11 Tel n Ts 2 1 I 1 No'n 1 Today's Range In Liberty Bonds 11 1 tins nn nti'i et . 01) nft no . nn ni (icinc le . "f.U . 7.1 4 North' 11 .States Power B 1. 771, Ores i. Calf .'.4 3 l'0' Oregon 8 I. il 2 no Ore-W'n It Co Nal Co 4 s 1 70", PflC Coeet r e 1 US l'n. II Kin 4t 1 77V4 3 77 , t h mi 21 1 n , I'enn H n .. 4 SIS 2 HI i'a H It ! H'jS Liberty Mherty Liberty Liberty Liberty Libert VI Vt Vote N'otes la ... l 4 . 1st 41, s. , L'd 4V,., .'Id 4V,h. Illi 41iM. :154s. 4i s. Hint- 11(1.10 S7.r.o S7.70 K7.n4 110.7(1 S7.11H l)7.(W i)7.'-' I.OW M (11 00.01 mum K7.40 87. 10 H7.o!'. S7.70 H7.42 r,lAi no.iio 110.70 S7."i(l K7 uS 117.5H 117. ifJ 117 5S 07.00 1 Oenfl I 1 dene I (IIH; Klee Be s7l i;iec 0s 101 lot inot too too. n Hr ns1,. 08 ' PH'i nsij 118 t I) 8 H nsS Govo t 1 1 11 1 2rt I . . 1 . 1 1 3 Hirlu tl rcte I IfttU I lilt1; 1 lOP, Oil Trunk rcte 2 101 1 101 Itu.l 1 Man M 1. . (l.Vj Itud tt mVii In IIBS I.B'j nr.'. il.'.-, n.i'i nn-. tins , llf.'j us - in , :. s It H 1 101', . 101 . 101 ny 4 7 MORE RAW COTTON USED March Total of 437,933 Bales Larg est Since Last September Washington, April 14. Cotton man ufucturcrH utilized more raw ntton during .March than in uny month since last September, a total of 4:i7.0.'!!l bale hating been consumed, m cording to the iniititlily report 'today of the Cetnti Ilurcau This was ''0.!l-." more bale than in Kcbiuarj Theie were fewer cotton spindle- in operation during the month than ii I'ebniar.t , the large! reduction having been hown in the mill of the cottoi glowing stole. The month's (nts). .'!''. 101.0111, wn :i.ri;i.nH2 less than I'.-bni-arj with the iiiIIIh of the cotton-grow -lug !ntc showing .317.701 of the le ihntioii. Cntton couniimed inning Mnich amounted to IH7,0:t.'l bale- ( lint and t .11111 of llnter. ( onuinpiiiui in S.40' r an d Int. BARRand gCHMELTZER MenifirH New Voik Sim k l.trhunKo H WAI.I. ST. NMV YOKK Tel Ileclm 4M'U Ml c o B. 7!) 1 711 Canadian St'o Hbs rcta I CM I 10J' 1021 102 102H 102't .OHthtr Be sn4 Cerro il" Paeci Cop'r C 8a 3 10U1 Che k A 11 fd 1 SOU C O uv 414s I .... 73 C k 4 O cv 6e 2 . M'l IS sl, Chi t Alton 3 1. 4B I 11 Chl 11 k v) Km '.' . Tl". 2 TH, 1. 711 Chicago nur ft (J 11 3'i 3 IS B i B I 1 a 4 4 1 III Cen I la 'B3 2 7 1 , til Cent I BHe 11 . no til Htcel 41, t . . Int Met 1 lHit Iniboro n T M 30 , 30i 3ns 311 14 3(11, 3111, 30 Vi 30'. 3tt 3"l 3ft'j 0 B Penn 1 B 2 neadln I 2 Ui.p Chile ecu 2 !- 1 111) 32 09 nio ar.tndo i Wn clt 4a 1 . . . B8 St I. t'n Mt A S'n Illy la B eift a 2 O.S St I. In Mt & S'n rtly S 3 se. 1 :. ' . .111. Ilkv Mt & Pac Co Bh 1 7B St L. 1 Mt ft nto.iv 4s 2 leale) 117 3t I. A S V ill Chl 1 11 i: I ti ns. !IS( HSi 1154 imr IIS', UN ', 11 , it 4k 'J C A. Ill Chl i (I W 4 BO Chlcuuo Mil A St T 1 I J iltlt, .. llll-4 Chli.i.'o Mtl & St I' I la '23 I 7J Chlra.. Mil Stl- c 4',h B tl3t. Chlraso Mil StP fd Pis I B-, I BS-, 3 B 1 B Chicago Mil & .lP gni 44 2 7.1 1 Chl. auo Mil ' Stl' I ev B 2 .1.1 f'hlcaeo i Nth WeM'li ll-i 1 . . "IT1, I. . . '.'Ti! 1 H7 V Chicago t Mb Wnl'n 7 1 mi 1 1110', ence E. Rrnurn Jv Cn CERTiFirn ni.n,. "lli,t;Vu,,:!,r','r"' TUL'bX ULVU. loeoine t ' u.. '"'Jut vurtoereUlo aii nyr- " ""fl'f, H.LSMIt&CO. INVESTMENT SLCURIT.ES 1009 lni Till BIJ. Sprtif tTtl-2 &Z tilr"-.. CREW LEVICK CO. 1st Mortgage 6s Business Established 1862 DetttiU mi lieqtust A.D. CONVERSE & CO. Comiiiurciul Triml Huililing phtlnclelpliin, I'u. rn orU llulllmorr LchiKh I'r. Sec. Gs, 1027 (Jen. Amihalt 8h. 1930 I'tib. Srr. Corp. N. J. 7s. 192.! Ilersliey Choc. 7'jH, 1930 HENRY D. B0ENNING&C0. HTOrK KXCIIANOn iiuii.ni.sn nlrtet I'rtfitt Teleiilioun la lS'tw Vork Ueinber I'hUa. Slack Uxciittni prndiicer Its 1 nine down nil ton Its l'.l'JI) in steel 1 1 pre- tile same the fact that the American railway s.tstein i con.il erabh viibter than the Canudian I'a einc' although It i tl luiRe-t single traiu-portatlon unit in the ttoiiii Steel Operations Mn.ill lion Age snM "Steel Corporation tit-lees and those of a nuinbei of Hide pendent steel companlt hate Income identical on some product and In cto.e lelation on other as 11 result of several interesting development of the lat tew davs "No announcement .011. eimng wages Is made bv the Steel Corporation, but, it is estimated that If ll "heet and pipe 111 lees, wlili h do not "PP'-iir '" the pub- II,.m1 list, are reUuieil in lliose iiii.'ij quoted by Indepctidetii entile outpill wlll hate liverime of .f7 In $N 1- 1 earnlliKN i( all credited hen till $V2 SU per ton "OpcrntloiiH at steel w.nk- 111 Man-li were ut binallest rate on lec.ird in pni portion to i-npaeltj. and Indications nl readv point to a latger uutput in April. Cnceitulnt) ax t" the Steel ( orporatiun price polic'v having n'.-' bei'li lemoteil, for a time at least, ficer specihcutiuns aro looked for "Seteral wire coinpanie liate -ml -tnnced wire null pine within the week to S3..r. which ha been Steel Cor poration's price. I'Mra '"i galtani,ing is put at setenly cents "Sheet market luia -hottn wide ta- riotluu. oi f lowest in ice-, being intuit' lit mills which hii.t hcet bins in the market One Ohio mill thut has been counteil a low -priced seller has advanced it prh e to four ceuts for black, ft. HI cents fur blue annealed and H 10 cents for gnltaiiis-.i'd. though tt cannot be Mild low prlics icieutly named have disuppeaied "Cast Iron pipe i one prodiut for which there i a full-Hedged demand. I.uttliigs me mmicrou mid new In tulrli'b ate Uevcloplug with etery week. Detroit took bids on 20,000 tons this week." THK TltADIiK. Chi Hi.. & 1'ac IJ 0 n iiM Id nn- H.IV IIO-i Chiumii J4t I. & N O 6a I s Chile Cop'r 7 1 113 ' 1 lit 1 '.3'., Chllti'r llll Be I HI- 3 III' I HI Clt of Ucrgen 8 icin 2 LB , a '.IB', City Ilerr.u s . . n.i", 1 111! City lloril'x 111 2 7s' I 7V1 3 T Cty ChrlJ'ii h 2 HO . Civ 1 oe K B'j I 7l, il 7I-, C .N Vr tii'i)7 I (12 ( u.i r.niH Hi. lh 117'. City T0KI0 Bh 10 III) City Zurich si 1 UT 2 . ti? (Til Cm Chl i Si t. kin 4 B .17 1, CI il Cm Chl 4 SI I. 4ij I 77'. Colo Indue! . s I 71 .'olo . S 11 l 3il h2 i-j 1 onu .1 11.. 7 a IK" 10 1 2 10 . 13 SI L. h I . II . 1 3 .12-1 IJ-i 112 112 - i IIJ'. II J I F In 411 411-4 4H'3 47 B I. J- H t''ran Serlea A 6Bk SSH BBV. SB', .1.1), BB-. BB' B.ll. BBS .1.1 1, .1.11, t.1 K, 4 10 1 10 20 1 3 T I M Marine a 1 10 , till I 1'ulier B 1 83 Jap Uote't l.i 7 S2' III . H'.'l Jnp (love I J, 1 (,2- Jap Uove't 4 ' I .' 11.1 Khii C S 3i 2 (inl-i .1.1'. I . BB-. Knn C & S :. 1 71 K ll.'lulum Hi. I UO'l llflg 111 7 jl 1 Ht 1 1 n f7it n7'. 117 - n T M H7--PTi. !v llala 111 rrti C71 1 . flO-j . .10 tlO'i llll . ami nil wi 9t I. k H t'run Series II 2 73', 78', Sow n n .. flt'e ill-i Hit. 1 HI 3 llll I .Kill. ' I'll 'l t 1. Sow'n B 1 i..1'j 2 .IB -a 9t 1' I 1 Slout City 7 ID 1)1-1 ao I'aulo ot Ilr.izil lI 61 1 !7', .1 1)7' 1 ita d A I. M , .1 .18 4-au a A I, .1 1 3 4.1 -. I I 4.1', I 4IlielHll C Oil .'on n 7-i 02' l'2. I 32 H I H2 . I 3 I 1)7 . 1)7 t 1)7 !l7t II?' H7' H7'1 KliiKu-.ni Ien mark it Ra lift i, (illi II'IV, IU mm Illll. Hill, no-, ')(). K ot lt.il 4 Sl, Klnudoni Nor way ct 8a 1 I I Klnz 100 mon loin fwdn (! HJ'l, 2' K'lim i iv 1, I, I'tvr ,1a .1 hi. UTck Mieel '2.1 1 HI' I 114 I HI C'eil .1 H ' i,f !t I I.' I MM S 1 Mill 1 Mo Is in Mo 1 I ruk I llll 1'10'i lot llll MH St lul 3 101, 1'illiHli lm-l n h ISiir Sa I till Cuban C tl ci t Il. Cub IIJ Co Be 2 . .. 72'i Bh M I.Jt Be BU A Or ft 77 1 Mt I. 4e 10 S S. T 41 BH BK B7', 1 lie 4s B3-. J B3'k I .1.11, Nh 1 I Itwts of Mexuo lH II 27 NVw Ol '! A Mestco Be .17 . hl I -.'. il i..m l Or ss March hist ,vear wa ."J7.".7S0 bales of llnl and :il.r07 of llnter Cotton mi hand March .'tl in con siiinlng cstiibllshinents was 1,:iH7,7HO bales of lint and '.MW.0I7 of liiiters. 1 oinpared with 1 ,8:1." , Wilt of lint mid .'101,'JMI of linters a .tear ago and In public storage and nt compresses .".-.'I.",-.Ii'iO bales of lint and 'JIM. -'."( I of llntets. .oinpared with .'!.'J4(I,1U7 of lint and K)l.t.i5 of linters i held a .tear ago Ialcll Imports were "J7.W- bale, compared with 1.13.727 last .tear, and 1 xpiirt wire .'175. 1W) bales, including 11: I." bales nf linters. compared with 7P4.4UO bales, including 4171 uf linters exported in March last year Spindles active during March num. h-icil .TJ.IUMI'O. coninared with .'tl. 01)7. M 2 in March last ear. HARVESTER CO. CUTS PRICES 10 Pee Cent Reduction by Inter national on Next Year's Product 'lile.'i"ii. Atull H. Ilasini its m vi . 1.1 1 chiairm linn upon tn1 re. cm rciiiicimn 111 u 1 1 o-rinrk ,..1 1 1... .l. T-..I4...I Ulnl. 1 offlelal ,ii,.-. 111111, inn... I u.i III' I 1. 11,. -i,..' Sicel 1'orporat liui. the lutiriintioniil Hurt ester Co. toda.t announced n istrnlzht 10 per cent reduction, cflectite 1 n.'M vear. on rodiicts In which steel j 1 the pilncipil raw material. I "'I In- icdiiction on steel came afi.r our teal's product had been plot lib d I f.ii an I will hate no bearing on the cost l"f ma. bine we sell this tear." the Jin 1 noun, client explained. "It doe tnblili 11 Inwir replaicment iot. hu eter, and serves as the basl of a pri.e to wnicli our iiistoiner are entitled and whi. h we are willing to accept. " 'Mi. reduction ipplie chlell.t to bar 'i sling iiailuner.t Tl,.' .. 'iiii.'iuy annnuiieed hsIik turns ,.1 timn 10 in l.i tier cent In machine., uiii'le principall of wood tind iron oc Mnreii 7 The announcement of to day's nit said that the new change.. I'ter all machines' not aneetiil by Hi.- Hershcy Choc. 7128, 1930 Wcatcrn Ni Y. & Pa. 5s, 1937 Penna. R. R. Cons. 42s. I960 Portland Ry. Lt. & Pr. 5s, 1942 Pub. Ser. of N. J. 7s, 1922 U. G. I. 6c Philn. Elcc. Notes LAND TITLE DUILDINQ. PHILADELPHIA, PA. Member I'hlla. Htoek Kichanif nitl.tfn-. I.OI ISIANA Oil, Itl'.ITM.Nd CUIU'OItATION IHvldeni of 10 dollars a ehsre on sines A 1'referred Hloik rind ft dollars nnri nfi 1 finta 0 share nn eerl a ' II ' Preferred stork an.1 all tioiinra a anar,. on common H'neli of tlili Corporation hate boen de clared i-ebl- Mnj- IS, lO'il. to atorkholdere of record ut the eloee of hti.lneee April 30 I'll I ' In. trenfcfer hooVe do not r'oe MAXWKM. SrnVENHrt.V Trmaurer ( New Yorl- rity. Anrll 12ti2l. MAIIKKT HIHKKT TITI.K Al TItt T CUItl'AM ' l.'d 11 nil Market Htreel.. Miii-, t2l 'lh llonr.l of Directors hna this ,la dr ire,l the snlr.r eemlunnual dc id. nd or elilit per rent. intM Mn 2, irj. , , s'01 kliolderj of r"'-"rd a. ui 1 i,v u( ,,r. n..e Arrll IB 11121 IlKOINAI.n II I If Nr"Tr,B, ir.r iRRrr.mti:i dividhnij numim-i: i. The Hoard of l)lretor has derlnred a dividend of one and niie-lialf (!",) per .em on tn Preferred Stoili of the ('ompnnv i.ir the uuarter ended Mar-h .11 ltd, paahle Jlnr m. Jiui. to tr Kimiiirs or record at the eluai of Luein.K on ls 11 ln2t . , , , . " r- HOOni:. Sei.retarv I'lttabnreh. April 4. li21. riSANCIAI. I'mpoila PltOPOSAI.S 1VAVTKI .MONttOK i:o.I. MININO COMPANV y 111IHT MlinTCIAOK, f) PKIl tir.NT TIVKMjV. FIVi: VP.AK HINKIM1 IMIM HOLD , 110M). npu it)it The iinderalnned Invite tenders nt fbovt 1 honde. for surrender for redemption on of , before, Augtiit 1 1021, at ft Price not en- eedlnit l()2'l per cent of par, plus accrued interest, to abeoro ftf1B2.fl8. nnxr aralmbta '11 Kinking Fund, and alao uny additional 1 mm thai may tm paid lo It for eald Hlnklnir Pund prior to cloatng on lh Hit Ur of April 1021 8alel tender. atfttlnr numbera of bond oflered Rddreeied to Philadelphia Truat ompany, Ilroad atreet office, N. K. corner Ilroad and Cheatnut rtrtta Philadelphia. Truatee, Hlnluns Kun.l. Monroe Coal Mlnlnx 1 Cornpnnv I-trat itortiraito 0 Per Cent Honda, , will be reeied until 1'i rr... April HO. H I PHIIWVDELPHIA TUPST OOMPANT, JOHN C. WA1.I.ACR. Treaaurer. Phlltdeirhta. April .1 1021 nKIUVMPTION NOTIPK IHIMONn H'K A t'OAI. riLtlTANV FinST JIOHT(l.r,l', AND '0ROMnATEn l (Kll.l) IIIINDH. Ill'K AVNK 1, 1833 Notice la herein niven that In purauane of ihe term of tho bo e. mentioned mort-trap-, dated Mi.y 24 lf.13 th ntamond lea It I'oal Company ahatl nay off and redeem all of He nutatandlntr Innda leaned there under on June 1. 1021. ut the cfllre of th WILSIINOTON tnUKT COMPANY Tenth and Markt atreete. Wllmlnirton, Delaware, a' 101 and accrued Intereat upon presenta tion nnd aurrendcr of aald bonae with all ronpona thereto appertftlnlnv. dU9 Juna 1 lwjl and thereafter Ownership rertlflcatea roverlnir June let Intereat inuet alao be pro eened After June let 1021 Interest on tal'l bon.lf. ehall reaae DiA.iroNU ick a coAr. company a Annutl Mrtlna OKI'ICK III' Till! t'NITKII OA! IMPHOVr.MKNT f'OMPANV l . I crner llrond and Areh Htrerl. Philadelphia. April 14 19il riie A n -inl M5stln nt the Htnckholdera of ri,- Pnlted One Improvement Companj will ti held nt the ortlr nf the Company, N W ornr of llroid nna Arch Htreeia Phlla iphl ttondoj. Maj 2, 1021, at 12 o'clock noun when en elrtlon will be held for a preldent and air (H Dirrotnra to arve for nnsuini: yir anu sucn otner hlllnfa ...11. .. a.-.. .nl.l .... 1. . Penle.l propo-nl. .n.lilrevio.l in n i C ','e, c ' "'" " '"" "" vm "or" The etock tronefer Iv la u .11 h- cloud from P M tt't'dne.dav. Aiirl' 211 1021 unil in A ' M Tue.da. Ma S. injl n W. crnilAN .Seeronr &Sr warren .Mirrle ( nn rtnan of the KtT4.r committee will be reeelted at the ofllcn of the I'letk of 1'oiincll until ; p. it. on the 2lat lii of April. lol, foe the enn Htructlon of n p.irt of Section U of Sanl tarv Soer foi Pottstotvn l'n Proposal "111 lie mnile upon printed lilnnk fiirnlhherl for that purpose and Hcconipiinled l.v a certified check for un ThoUBHiid Dollars (11,0001 All propo.-al tilll be opened and publicly lead ImtneUlatelj follotvlnsr the clnalnir of the tcieltliii; of bids I'lunB may be 1 neulnu "Dr i-cii iiM,. 11.., iiii-.iuonn oninine.i iir iiih l' ffn..: ottl.-e of r'haiien k CoiilnB. Knt'ineer, ii.'Wl uuii.niii;, -llliailcipni.l The Sower 'immittee reaertea liKhl to reject anv or nil hid O WAIinK.V .VAOt.K. Chulrman Sewer Com the rllK V..hV IIKOAII TOP RAIt.nOAD AND CO.II. fllMI'WV Snrlli American llulldlnc. Phlla.. Pn April t4 1021. I nj Annual Meetmat of the Htorkholdara 1 lift, hant Droad Top nallroad and Coal 'oinimni foi the election of o I'rceldent ind Ho.ird of Director to ttrvn for the trill ti held at the office of Ht the ubni, nH,lM.a m Thurediij. April 2H. 1011, nt 0 30 o'clock JOHN (Sir.IIEHT Hecretarr 1ST IIIMIIHK.K IIKPXKTMKNT. tt aehlnrton. , D .' tprll 1021 fealerl 1'rop.i.ale r- en ru ht me oin. or the Pur- Aent for thla department until ; P. Jl.. Mny t). 1021. for furnlehln .nel.iH.a end pHp-ir relptered park aire jn, k-'te ror the Pnetul Srrvlr.. durlna ihe irm of one inr l,rirlniilnK J11I1 1 J021 on I of "U month" beginning; Ju 1 m1 It in' '..r prnpn.r.lM with enerincutlnn. ,fnd ir "u n nil to Milder, vflll be furnlxhed upon ,",ill. hi on In the Purchiiatnc Ancnt tt II. I. II HAYS Poatmaaicr (Inneial TICONV TIII'MT COMPANi' t n meeting; of the Hoard of nir.,.1,.. hld April B 1021 u eembHtinual dltldend of eloht per rent (M per ehurel waa declared palle .tlai I lli'.'l. to atoekholder of lee.ird Anrll 1 1021 checln for dividend, w II be mulled K V MOOP. Treaeurer KaplMIU MKI--TIMI or STOCK hold-re of the I'oatrr Konn Oil Co vlil 1- nld ot I'.n 1 heatnut at noom 607' nn Tucedn. Aprl 10. (nt, Ht u o'clock B D. ACKLEY Recretary UAM'r'ArTVHKIIH ANU SSTAIII.lf.iicu dealera dealrln to bid tor suppilea (or tne netial Notice. Mute llonpllol for the Inaane. UantiUe, VaT - " ' ' 7"rKr!' - durlne the ear pettlnnlnB Jure 1 1021. can KS' IUII.IHMI W1N ASSOCIATION addres; the iinderalsned. atatln what claai itoeliholderi" toko notice Ono weak Ot cooda It la proposed to furnl.h . maturee notify ue a a we have ,0",. u. IJ. BCIIJII.TZ, i.inir f area' Importune) 'o sou P 11 Steward, .-dee' Offlep Mill. cut. LIVESTOCK QUOTATIONS 14 IKKJH Ue 11' Ik'nilpe. (4 s llaht do JO 73t ,1 I'lttehiiritli, April 2,",'Ki head I,oir h. in vnrk. ta and nlita 111 .1'il 1 1). SMKKP AND I.AMIIH IteceiptH l.'fn bMd Sted. Top ehcep tn top Uinb u 20. PAt.vns llccilpte. 2Bi head Htead Ton ill. K11M HluTlllo. April II c A I'TI.i: lie , elptH 7,1 Htrtd l'nl... rv eipte BBn heiid Hled, .",iilll 1IU11S- llHielpla, J40II he,.U Twent' lle eenta ti) Ml, lolvel llenvl. $ftti7B Inlxt'l V 2.141 0 T.1 orl(ere. H7.lpiil UKht ork ere tin ti in 2.1 pic. Ilik2.'1i In Bn Kjhe 17(17 2.1 at.iua, tl .IUfl.1 BH SIIi:i:P AND It.MlIf - lieie.l.t. IIHiu hei.'l .-teudi. iinchaniled B. and 0. Appointments ll.lltliiiorr. April II 1 tt tiii.njiiiii -,. prenblnt In rharffe of op4rntlon mm inrtin tenance of the llaltlinore and Ohiu IlHilroitd Co . iiiiteiuti.ed l.iel nlahi the nppointincrn ,,t II tt .iVheer as ueneral maiiHKer f eantern hnej. eaectlte to till the i.ieiirvi mede hi the i.iKniitloi.' "f Htanton Knnee A. the eame tune Mr OHlloa announied oilier prumothtli de followc It It h firni.rli -upei Irilf n.lent uf th llultltnore ,11 t.lnn tn eurie.Ml Mr cheer a. Keneri.1 eu lieriniemleni ,if the BlttDland dletnet m 'f I h-iiil-iUHrierrt ui llMltlliiore P il II,,-.U n, iihc h.i. Ihhii euperlntendi'lit of th Hal I D2-4 1 mi trinlr.-j illvialon tu .U"-e,l .Mr tfhl' 1 H2 2 1 j lul Bn HUierlntcndeni of the !tult!mori .1 iieton 1 n lli I io'n Pacific fd 1 73'. lo 11 Pacific li 1 H') t, 1 n Pun , 1 I. 2 :'. I 7. uimd a mi 1 r i'iif if. I 1.12'. .1 1H2I, rtili'l Aii nl .11 j .11 .' .10" j rideltat.r Oil Co ct (!' II PS ". l"rl .'Hi lilj i. l.lLht Be I .", Unoii Pac cv I ,1'. I'nlou I'm f.l 1 TB Union Par 4f 1 Financial Briefs Tlie Hr.e pi Co wr twellti actll" In .lu'triMla de lin. d 1) 3 pr enl tvatirdii' t 7.1'i1 uhil" th.- twent mill, etru.k .1 nun Ion '"lei .tn tipinir 11 HI pei cent to 1(95. Tr" Hark of Knvliin'l minimum deiuitil 'Mr. ,ui. un, hanged pe tent Til-, li I. rnntioni.1 llarie.tl'r .0 'pp,irli. mm varnlni(4 ra ID.'u of $1.1.1,1,1318 -I'll ,, ll.i i Mi .innmou ah.iree rmnnar 1 M 111 '21 I'll 701 or 121 HI u .half in 11' in I'hHt h !"' 'H" ''"n'oiatloit rep t , -e a.illllni.a l' l'.-'i of I'M 112 eguai In II l.'l 11 etmr. .,lnurKl ulth IU.214 111 ,1 JT 14 h enure 111 lll'l' tfler pHMtient of din dernle lnei" i'u. I. Jetli-lt tul the a' f f1 7.U1 i " numc protlt ami ,oi .u nlu domi ' ll'-'d 027.172 70 '. 71". Pac fi IIS'. li'. 2 I.', L'ntd (Ik 7lj B . 1U'. (j K of (I lirlt I'd 1021 The Ne repo-'a a ' ' ,nipdr'! miii r.i ju. i.i pj-.il nl'tl 1 ,. S"ii Mai en in I tl.i 1 , teleit for 1UJII nf II..I.I 101 h dell. II .if 17 UII.1 ll'l II i irier n.idltlon nf 12.' 71" .in ..,.. rnrnenl KUartiM.'ee im 1 7M B7I reinud in llll'. 1 Union in 1 as. it. lend- ll,e .teldx le lie i -din. 1 It "lllier l.irr th.r d'ji mi Ma die. Spruce 8200 New Issue U. S. Treasury Certificates Due October 15, 1921 :' $' $' Dated April 15, 1921 We Solicit Subscriptions v Price 100 and Accrued Interest Commercial Trust Company Member Federal Reserve System City Hall Square West 1101. "I'll, I lll.'l I I'll". , mi's s- V i I K I s h N SS US i 7. relt. I0ll, llim, inoij lorn, New torK t't'l I. H 3't 1 .12 I 112 1. Sew Tork O A West n la N 1 I 1 I I I N V 1 N Vk I 1 . 3 1 . .in B7 31) lle 4ia HIS. Ufa Ml'. rele tl I'll', . 110 llll. .. UOt, I II B .1 U K of l) lint & I'd 11122 1 'iv, I 1IB 37 li.. 1 I'j (J K of Q llrll i. I'd lO.'l T . K1, 1 ', I e'i V . hl, U K v( U ill It Si I'U 10.17 I M", .1 SB I M'. U H Melloo 4. 3.H II .1.1'. 1 IIJ'. U S Itmlt t Impv't a I T . ft 7' t: s k a ieu 1 ' llanbiKM '' ,d. ,'V. 'il ' , , ni i le.n ii. I id-ni i."il 1' u. pmld i.' II etlny .,f Jifr ,j rel .1 f , l.i. tiiiriK tt Honnrm'it airm.ii ,,r the board of ,1 1 Thoii.e ve elei'inl pr. ra e p 5, ,11 rm iva. eit'i-i i 1 . , i '1 ... V . .nded I'ereml. .11 n. t I r.,tlt ,nd l-d'tal '" s-'"''l 711 i !, . i n tl." iiOn dim) p tn J 11.' 7"7 r IB I ni ,i allure h ' e , r nf lei Imra . U'lK t t.1.1 in .i,c', asiilne' n lllli Itubb i .1. 7h. Itubh r 7h IISIj IIM' . Hub 7', lot . nil ', 101 IIH IJ'il S huel ru P H I I. V H I n : i t B flah 1 I I .' .1 1 I 1 0.1 11.1', ; DB', I. Ba I l)l.j 0. ll I f.11 1 Mi'. Mil SI)', .hen let IIJ . V O CI la 1 .. 02 JONES & BAKER Specialists in New York Curb Market Securities Booklet containing t 1 o General Rulet of Trading, Commiiiion Chnrget, etc., on request. Cnll, phone or write for No. TU-104 PHILADELPHIA OFFICE WIDKNER BUILDING Telephone! Bell, Locust 4730 Ktyntone, Raes 2290 BALTIMORE OFFICE 433 EQUITABLE BU1LDIHO TeUphone St. Paul 8431 OlTic In 8 Principal C1U Olnct Prlte WIim 1S12 1921 THK Pennsylvania Company for Insurances on Lives and (ii-auting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus $7,000,000 Member Federal Reserve System Hill) VII Mill. I.'l lll'l II I Llie.lnui unil Juniper Mrin. 317 Chestnut Street Philadelphia K V I 1 Drinn Your Problems Here 1 e hi. ue ' tvhb n . "mi Blti' i i -. r .i men. -i 1 1. 1 r "fiulptnciit , rs.ie rerilre Union National Bank llitiv vtrcn N rett ('rot., . TMril" IN I'HILADrXnilA Buy your Wood Boxes in Philadelphia Bi.hi-i' . hii lu,p, will be ui-mrntelv mad, in modern plant-, tHiuipiu'il with I'liiborato unil lubur-savuiK iiincluiicry. W. tiiki the '"rui-s, work" out of Wood Box makini;. Our tiOOD WOOD BOXI..S are nailod by lniulnnori the nails a iv the njht lenntb and in the riffht plntes. 'Our GOOD WOOD I.OXKS !t.tnd the wear and tear of a Ioiijj trip. I'hit iklitu ti.ur piodutts safclf and cost less in the end. Quiik and frequent deliveries I'linunnte Rtoiago space. Let is tell you more about Buvinir oiu (iOOD WOOD BOXKS in I'hiludelphia. I'ltonv or rite Today WOOD HOX M1KS. ASSN. "Lumbermen's Exchange" '.'(I Clieslniit Sl I'Mla. , fli.' ' PROTECT3 'WOOD . .' YOUR ? I" ,1',, SM lit- is -v4 fa i K . -l.C.ti..: , ,,!,)', if-. , a, (ni,.l(tjl ,N. mi1.., . , , v. A.' . .:,l l &.t, 'KV. j, ,v ,
Significant historical Pennsylvania newspapers