' v $&&"':' v-uv! - f i EVENING PUBLIC LEDGER PHILADELPHIA, TUESDAY, MAY 3, 1921 20 i 1 n THE DECISIVE INVESTMENT FACTOR SAFETY, of course, la the decisive factor In investing money-by fnr the most im portant consideration for every investor. Those a ho seek safety should cck Straus Bonds -fint mortgages securities backed by n record of 30 years with' out loss or delay in pa merit. Write today for our booklet. "Common Sense In Investing Money." Ask for BOOKLET 560-Q :S. W. STRAUS &, CO. nvconroKTED xitalisuio nil Stock Exchange Dldg., Phila- TtiifUoi Smvet 561' 39 years without loss to any investor EMj-fcpmjen jrwtMtts'-iMvi-vlTrv Copyright 1021, by S. W. Strans & Oo. 'MARKET WAVERED UNDER REALIZING NEW YORK STOCK EXCHANGE TRANSACTIONS E I I I I 3! km,; -T 1 OTIS & CO. Stocks Bonds Acceptances Foreign Exchange Member of New York. Cleveland. Boston. Chi cago and Detroit Stock Exchanges, the New York Cotton Exchange, and the Chicago Board of Trade. Private wire connections with principal markets of the United States and Canada. 216 Superior Ave., N. E. CLEVELAND New York Boston Detroit Cincinnati Columbus Toledo Akron Voungitown Dayton Denver Colorado Springs Bear Pros9uro Cropped Out a3 Pool Activities Showed Signs of Slackening New York. Ma .1 Considering ihf substantial advances scored by the leading Issue th( lnt ten days, the FMrlnR tendency developed by today's fctm k inarlot was not Illogical Tbe ui-iRlit nf liberal realizing sales, of tbe pm-cdinc session was evidenced almost from the outset In other words the market showed symptoms of top heavi ness and hs the session progressed them vvat inrronshiK 11 regularity The outstanding; development of the day's operations, however was sup plied In the lYMwnU'tious nIowIdj: down of the pool iictlvitie io prominent In Home of the recent sessions Tbh was purtly ncroiinted for by the substantial character if the adrnnre.i already reg lstored , by an appreciable tightening' of the money market with stlffer call loan rnte' tv ranou of a natural dis pojttiou to uvvuit the outcome of the railroad wage controversy . by the ma rine strike and reported walkout of otlr trndo unions and last but not lat the German reparations auos tlnii 1 Tltorefnre eutiplementinR the hullloli nianlpulntlon of the pool and Npecn latlve combinations "0 prominent vca- ,tirday and on Snturdnv. there ap peared in unite n number of different I spots evidence of pressure from the -hurt !(!( For tune these efforts en Wintered notable opposition, but to wards midday the eutiie list started to Kive ground, while in scattered qunr- 1 frs positive wenlmehs cropped out The strength of Iteudini; represent niK the rails, Otnerat Asphalt, Uoynl Dutch ind Shell Transport, the oiN and I nited States Steel, the steel group servtsl during the morning tu neutral !' rh -trong lunnin? reactlonarv mi der itirrent On the otliei band, the motors and their subsidiaries, ns well as prominent oils leathers and op'tial- "nes f the mal lorder variety letlected steady pressure fter a priabie rally in the sei otid kit i fresh reaction fet In around midday following tbe announcement of 1I1" upension of the dividend on Aineruan Cotton Oil preferred. This ' of news formed .1 basis of a bear i'-iw against n'l the food issues, sup i!e.nentei hv increasing pressure acaitjst the Menlcnu oils Mexican Pe troleum again furnished 11 very erratic perforn ance After Hn early recover to 101. or S points above the low touched yesterday, it made a -.harp de cent of 4 points ir H7 1II4TED SPURT IS UMTED GAS How Safe Are Foreign Bonds? Little Inundation in Reports 1 fnr Early Resumption of P. R. T. Dividend Tho.ic interested in this subject arc invited to aetid for Cimdar 71 IS. Bonbright & Company 437 Chestnut Street Philadelphia N.h I01U fhionc Destou Detroit UAMCKH3 Dealers in Investment Securities JtniNn Xtv York ami PMicHttlrMt CtuBH A'CHHHJ 321 Chestnut St., Philadelphia Cumberland Val. Tel. js. 1906 Laurentlde Power is 1940 Lehigh Power Securities lis, I'Jil United Gas Improvement 8s, 1923 Harrisburg M. A: I'aw. ob, 1952 BAUER, STARR & CO. Land HUe UuIIiIIuk I'hlladeluhln New ork Utiles, lUctnr Strrt Xyrrtct Pr-itate 7 'I'filtun' bil ift, e- "" SALESMEN sTe sell ihf i orlr of it io itj nrror ttOD irltb nhwh tnrllrijf llnir rl nrn f rillla (ire unilltl I uIIpai iQ,ijj,fr. .tion, vrjiiflerrttl oiipnf nnu v lnx prl"ni'sl men t-iuk'lu Ull or write 104-08 south llh st sultn u I 1 mted Oas Improvement supplied a r Mnslng surprise in todnv's local mar ket with an animated rise of 15, points fi IWI,. or within .1 of thf top price ' i of tne year and nenrlv ,tl above tie nn water mark. Tbe ndrnnce na ac- l oon'plishe(l on a relative)? small volume of trading, less than R0O ihnos ihang- nig linnds in tbe run up " thn higher! 1 li-vtl This not only diilosel a cant s ipiilv i' stock, but also rei cted an ln '".isiug cotitidenfe :n the poMMnrj of tne ronipuny Such an optimistic view 1 ' unnuestiouublv was fully warranted after digesting the frank and encourag ing etatiment Samuel T Hodine. the ' president, made to the sliareholders at the annual meeting yesterday I iko many of the other important utilitv corporations, the I' f? 1 nian agement are at last beK'nninK t0 we davlight after wrestling with discour aging problems nlnrh wire heirlooms of i tho world war The worst side of the l utilitv sitna'ion "i no wbehind the ma jority of these isniceins, and with prices of material, supp'ies and labor on the descent thev all are in position to do I businesH wlih -jme degree of profit and satisfaction Philadelphia llapld Transit made a ' pnimlsing start and bid fair to repent fstenlav h quick upward dash The ! trading continued active, hut after iijuallmg Merday'a top pro. the ' movement ein-ountured ijuite . hunch i rofit -taking While someu hat pre- ma'ii-e effort was mado to create the 1 impress on that Mr Mitten in his new ' i ublicity mmpaizn was paving tho war ' r n 'ttrly n sumption of dividends. Tt ose who are siinposod In bi well in formed us to tbe local transit situation rvganl miu as a rather long distance! i view I Tbe ae reduction accepted by the i trolleymen so graciously fiinounts to lesd , than fl.MO.OOO. which while approach- Ing near tlie atnni.nt necesKary to pay , tn n per cent 'iiv.aono aocs not aito ' gfther foreshado.v an early return of I dividends Certain improvements re quired by the Public Service Commis sion will add materially to expenditures and txpn-s i No Change In Raw Sugar I INtw Vork. Mn 8 The raw nuiiar jiAKe Milnif in t ar.J unchanxrfl H Urs t r-'nui" 'u klk t rift eqatvslsnt n' -4 S9r. ' t. i-a fith tiuyerii hninic it in- r in ri Sails It n b lov'! fuw-, ' r f tn ius1nivs roal(V ?t trani 'i at I i 4 T7 latT nild Thr -e no .' r rufl on iforday lmtv 'tations i ' ono tsvet Cura o thi t'inal ifkr ltnn,i.i u anl 4001 t.sKi - ata r" f rn n-3 to an Importw Apart from b ant tmprovfment n thf fraiti't for .e-- jipir rvortw3 by some rflnlrff In- . r. km tho lexal market . unrhi"1 both i.ftlilom ar.J prlc 100 .TOO 80(l MOD 230ft ( 700 7R0I) 30A SZOo .109 1100 1700 .100 too 300 too 7100 eoi too .too 3000 4300 too 31100 tooo 900 100 son 1701 aooo 2200 100 400 1100 2300 2000 800 100 too ;eoo too too too lion 200 100 S00 300 35.100 700 1)00 100 (1700 200 200 100 too 100 300 7M 000 700 0 100 300 (100 100 2000 1300 1200 2100 too 1100 aoo tooo 300 2000 0200 (100 100 300 1800 1400 100 100 100 J MO 100 100 100 3.100 1100 300 200 1100 900 2100 300 100 100 100 300 son 1100 1C00 0300 In t High Adams Express . . 0 . Ajax Uubber ... 37 Alaska Oold Mine J's Alaska Juneau O M 114 4 Allied Chem ft Dye.. . 4Vi 2 Allied Chem A Dye pf. H 4 Allls-Cnnlmern . .. JW 1 Allls-ChaJmers pf ., 77M 8 Am Agrlo Cham ttH .. Am Beet Sujnr. . . 40 H, 5 Am Bosch Morneto . 64 .. Am Can ,' 3314 1 Am Can pf 84 H Am Car Fdy ...128 1 Am Car A Fdy pf MIV4 Am Chlclo 23 t Amer Cot Oil 3314 Amer Cot Oil pf 83J4 Am Druif Syn !$ Am Express .130 Am Hide A Uather 1 1 94 Am Hide a &thr pf 83ft Am To pf 0V4 Am Internat t?orp . 43 l Ara-Ui irtanoo Kng. 10M Am Linseed 41 Am Locommiv tt 4 Am Radiator 70 yt Am Safety Raaor OH Am Ship & Com . I1H 4 Am Hmolt ft Hef 44i 1 Am Bmelt A Ref pf 714 5 Am Steel Foundries 30 H 7 Am Sujrar Ref 04 Am Sumatra 73 Am Tel A Tel 108i U Am Tobacco . 3SVi 13 Am Tobivooo B 131J4 Am Tobsiooo pf new 90 J4 7 Am Woolon Stt4 7 Am Woolen pf 9l Am Writing Paper pfI3l Am Zlno Lead & Pmlt OJi Anaconda Coprwr 42)4 4 Aseo Dry Ooods 34 !4 Vsso Dry Goods let Pf 8 H Ateh Top & gante Ke 8314 Atlantic Fruit fiM 10 All GUlf A W I 3 S 41J4 tl Oulf iWISSpt 6M Vtlantlo Pet .. 3tV4 Ajto Sales Corp .f 4V4 : Ha dwln Locomotlve . 9114 1 IHlffwln Txrco pf 101 naltimore & Ohio . 374 4 Baltimore & Ohio pf 49'4 SO Banisdale Clftos B. 33 Batopllaa Mining- , H n Bethlohim Steel . 38 ft 8 Bethlehem Stel B . 61 Booth FIsherlM Hi Brooklyn Rap. Tran 13ft M Buff Koch A Pitts 69 H 10 Burns Bros , . . 8714 Butte Copper & Zinc V4 Buttt 4 Superior Cop 1S4 Buttenok 18 Caddo Central OAR. 18H fl rnlifornla Packing . . 60V4 California Petroleum 47 T4 7 Cai Zinc A Lead,, H4 2 Calumet ft Arizona 33 10 Canadian Pacific 11W Cae J I Central Loather . . 3ft 7 CentraJ leather pf 78J4 2 Oerrodo-Pasoo .. .30 10 Chnndier Motorn . Hi ft 4 Chesapeake A Ohio . 03 V4 Chloago ft Ot West . Hi Chicago A Ot West pf 17J4 . Chicago Mil A St P.. 36)4 Chicago Mil ft St P pf 43U 5 Chicago Northwestern 63fJ 7 CTil A Northwestern DflOO Chi Pneumatic Tool . 0.1ft Chi R I A Pao . 3tft Cht R X ft Vac 6 pf 63 7 Chi R 1 A Pao 71 pf 34 5 Chi st P Minn A O 37 Chile Coppor 13y Chlno Copper 33 J4 Coca-Cola 30 li Colorado Fuel A Iron 31 H Col & Southern fl Coium Oas A Eleo. . Col Graphophonn Col Qraphophone pf 4 Oomp Tab Records . : I'onsoHdatod Cigar . . Consolidated DIs Ins : Consolidated Can Consolidated Textiles 1 Continental Can Continental Cajidy 4 Corn Products Ref 1S800 i 30 Cosdtn A Co 3600 3400 1700 000 100 200 100 too 30ft 4100 13000 .100 1700 100 110(1 ROfl 1500 2200 1U0 14700 100 100 4000 100 700 10,1 too 700 200 300 1700 100 100 70(1 766 2 SOD 2H00 100 100a 100 100 100 too 400 200 30(1 100 8 Crucible Steel 4 Cuban Amer Sugar Cuban Cane Susar 30 no 8 ft 43 30 43 8 88H 20H 8,i !' :?4 41 84 H 34 H 20. 7 ("uban Cane Sugar pf 89 1 Davison Chsmle&l . 24 Denver ft Rio Orande H Denver A Rio Or pf 1ft 2 Detroit Vnlted Rwy 68 I Dome Mines . . 19, Elk Horn Coal . 32 .1 Kndlcott-Johnson . 6H' 7 Endleott-Johrtson pf 93 Brie .. . 13S Rrle 1st pf ... 19H Fa nous PUyms L 81 8 Famous Plavere pf . 86I4 Klsk Rubber 18 Freeport Texn . 16'7 Glutton Wn.s ft Wig li General Asphalt .. .. 73 ft J General Asphalt pf 114 s General Illectnc 137 1 General Motors 14n s Gen Motors deb 6 CSH s Goodrich II F 41ft : Goodrich B F pf SO Grav Davis . 13 1 Great Northern pf .7154 1 Gt Nor Ore ctfe. 30'4 Greene (.'ananea Cop. 2.1 ',4 '.ulf State Stcl . 39 1 Haxtman Corn 76 4 Haskell & Barker Car 88 Hendee ctfs . 23 Homeotake Mining 36 Houston Oil .. 84 I Hupp Motor Car 13ft so Indlohoma Ref A inspiration Con Cop -171,4 Interb Con Corp Vs 7 Int Harvester new 93 7 Int Harv new pf .105 Inl Mer Marino . ... 18K 6 Lnt Mer Marine pf . . 87 s Internat Motortruck 40 i t Int Motortruck 1st pf. 74 International Nickel 17 2 80 Net Low (NT tm) Ch 3914 3H 1U ' 30 -14 tfc 14 89 S9V44 77 -1B r 40KT 128 - HIM 24?, 30"4 -39 - Uri 130 - 31 -04V4-3V4 l4-f 47 V4 4 10 BH 10J4 43H- 38 J4 30J4 8ft- 71ft- 108 - 131H- 131K 0H 80 - 7H 34 4- 83 t 83 3)4 - 41H 3ft 36Mt 214 2U4 14 4U U so,- 4 101 rll no M H4 44ft 89 38ft 7714 314 1014 01ft 314 8,114 138 Mlft 33ft 19ft 39 8ft ISO 11 soft 0414 30 !4 lVi 47 90 70 Oft 10H 43ft 1t4 30 ft 89 ft 71ft 108 131H 131ft 00 ft 794 .14 9h 4IH Sift 63 S3 3ft 1Vj .13 21 '4 1ft S9J 101 30 it 1014 27 as h ooH 8ft lift 09 ) h7'i 3ft 18 IS 17 (4 394 16 Aft S3 IMS 9 .19 77ft 39 "3J4 01ft 7?4 "ft 36 41 03 fc 100 3ft 38 ft 63 74 .17 17 33 78 K lift 3SK A9H 8 40 ft 38 42 8 8S 2OI4 3 J 14 I ft 34 38ft 83 a 13 30 39 34 H 1ft A8 lft 20 63 93 13ft IBS J9ft 80 17M ri lft 33 114 137 14 41 80 1.1 Jlft .10 ft 21ft ; 38 33 80 81 13 ft 0 30 ft 4ft 9.1 103 144 37 40ft 74 17 H 3 u' 3ft I ft H 1 li 3ft IS 4 '4 M Yi 14 ft V4 Vx ft 14 H 14 U lft ft 1W S J 1U ft V4 ft In ft 37 H-r ft 10ft - S 33 s 38ft 4 lft ci- H H4- 14 lift- ft 6li ft 83 ft -2 14 6ft 18 ft IS "ft- ft 60(4 1 46ft- lft 34- ft 83 ft 11354 U KH-i !i i - 14 78ft H 29ft I 83ft- I 02 - ft ' 34 '4, 17ft 4 ftl 70'4-t HI 1 )i , 35, ft too . ' 83ft 4 ftl 38M 6.1 . H 74 ft 87 - 1 13ft as 2914- I 31H H 33 X- ft 60 S - ft 40ft- ft, 30 a 3 lft 8 ' 88 ft 20ft- ft 37 ft 1 1 ft - ft 73(4 S 48ft- -ft S3 ft - ft 3.1ft 4- ft 20 I- ft 89 24 - 1 I ft lft I 68 - l'4 19 X- ft 2114 - a B0, ! - s US I9S- '4 soli - li 89 17ft- s 13ft I- 1M 1S .ft 35i '4 114 I" - u 14 14 ' 68ft- ft 1 lft SO - 1 13 1 71S ft 30'i - 231,- ft 38 V Of 1 t ft IS lft il )i 3 2 82 t- I 13 ft - ft ft 30 ft 14 5s- ft J IS 103 1SV4 67 , ' 40ft - , 74 13 Maiea in I Hlnh 4100 International Paper . flSft 300 Invincible Oil Corp. . 0Ji (100 , Island Oil 4ft 300 Jewel Tea lift t0 Jewel Tea pf 29J4 K1300 Kansas City Southern 37 200 4 Kansan City So pf .. 80 ft 2100 4 Kelly-Sprlngneld Tire. 31 100 ICelsey Wheel BR 400 ICenncoott Copper . , . 214 3800 Keystone T A II .... 17ft 200 7 Kresire S S pf ... ,103ft 300 6 Lackawanna Stool . . . S3ft 100 Lke Erlo A West... II 200 Lee Rubber Tire . . 29ft 800 3 30 Lehigh Valley 80ft 00 Lima Locomotive ,. 79 300 2 Loewo Co 19 200 1 Loft Candy 11, 700 i? Lorlllard Tobacco . .130)4 100 7 Louisville A Naahvllle 98 200 Maxwell Motor Sft 23300 12 Mexloan Petroloum . 151 1100 9 Miami Copper . ... 21 4000 1 60 Middle States Corp . . 1414 700 Mldvale Steel 39ft 2J0 Minn ft St Louis 104 200 7 Minn St 1 A S St M pf 87 100 Mo Kans.ia A Texas . 3ft 100 Mo Kansas A Ter pf 4 1100 Missouri Paclflo .. .. 18ft 2800 Missouri Pacific nf 38)4 230J Montgomery Ward .. 2iH 100 National Acino Co , 23ft 1C0 7 National Dlscult pf. 112 200 National Con A Cablo lft 100 Vev Con Coppor . 18ft 200 New York CentraJ , 70ft 100 Now York C of St L. . 40 800 Nw York N II A H . Ut .100 7 Norfolk A Western 95ft 300 Ontario SUvor Mining 3 100 ft N'orth American ., 58ft 1401 7 Northern Paclflo 74ft 400 ,40 Okta Prod A Ref. 3ft 300 1 Orpheum Circuit 27ft 400 s Otis ElevatoT . 145 1200 oils 8teel . mft 100 Paclflo Devel Corp 15 100 .1 paclflo Qaa A Uleo 80ti 3600 .. Paclflo Oil 38, 1300 s Pan-Ainer Petrol , . 70ft 1300 11 Pan-Amor B . . 03)4 300 Parish & Bingham 15 1300 A Pennsylvania R R 33ft 400 j'enn Seaboard Steel 13 400 Peoples Gao Chicago 47 ft 1300 Peru Morquetto . . . 18, 300 Phillips Pet . . . 37 ft 14000 Plerco-Arrow Motor . 42ft 300 Pierce Oil 104 300 6 Pierce Oil pf 71 4300 6 Pitta Coal tft 100 0 put Goal pf 80ft 1100 Pittsburgh A W Va . 38ft 100 7 Pittsburgh Stool pf. 83 200 1 pond Creek Coal 134 100 7 Pressed Steel Car pf 91 200 a Pullman 10.1 2000 o Punta Alegre Sugar 43 400 t rure. Oil ...t 33ft 200 s Railway Steel Spring 89 ft 1.100 Ray Con Coppor.... 14ft 17300 4 Reading 73ft 300 t Reading 1st pf 40ft 200 i ReadlnK 2d pf 42ft 1300 Ueplo steel . . . . 33 ft 2700 e Rcpubllo Iron A Steel. 6tft 100 7 Republlo Iron A Stl pf 93 200 Republlo Motcrrtruok . 21ft 8400 s 20 Royal Dutch N v.... C9H 300 jm Joeeph Lead . 134 1200 hi Louis San Fran . 22 100 st I,ouls Southwest.. 28 100 st Louts Southwest pf 37 300 Santa Cecelia Sugar . 3ft 300 BHVngo Arms 10ft 100O Sxon Motor . . Oft 300 Seaboard Air Linn pr 10 6500 Sears-Roebuck . 8.1ft 300 7 Scam-Roebuck pf 99 300 Senoca Con Corp . . 16 29J0 71 Shell Transport .. .. 47)4 6000 Sinclair Oil . . 27 0O a Slosa-Sheff .. 48t; 100 0 South Porto RJco Sug 69ft 3000 t Southern Paclflo . 70 ft 320(1 Southern Rail 21', 500 0 Southern Rail pf . . 80 300 7 Stand Oil of N ,1 pf. .108 100 7 Steel Tube pf . . 78 2100 3 Stewart Warner up.. 334 1400 . Stromberg Carb . . . 43ft 28100 7 Studebaker .. . .189 100 1 SubmaJim. Boat Corp 7't 1000 Superior Oil Corp 8ft 800 Tenn Cop ft Chem. . 10 0400 s Texas Co . 41ft 13700 Texan Co rtu 2ft 2100 Tcxaa ft Pacific . . 21 s 3400 1 Texas A Pac C A O 28ft 100 Third Avenue 10ft 100 10 Tidewater Oil 175 4800 6 Tobacco ProducU . . 54 ft 6200 Trans Con OH . .12ft 700 Union Oil 23 ft 400 10 Union Paclflo 117', 2C0 4 Union Paclflo pf . 01 '0 8 United Drug 97 2fto 3 40 United Drug 1st pr ., 4.1ft 100 United Alloy Steel 314 2300 h United Fruit 1134 '00 United Rwy Invest pr 21ft 3100 s United Riall Stores 84ft 100 l' S C II' 4 Fdy 18, 100(1 u a Food Product 32), 15100 x u S Ind Alcohol . 711;. 050 1; H Realty & Imp 82 400(1 S IT H niihhdr IS I 300 it g nm.ti a rtr mi. JlOU 3 U H Steel 84S 000 7 l S Steel pf I0S4 80(1 i Utah Copper . ..63ft 200 Utah Sea 10 S'.'Ofl Vanadium 1 'orp .. .'lift 2000 Va-Carollna Chem . . 29ft 1200 s Vn-Car Chun pf . 83 ft 42S0 VIvaudou Inn 8 30O Wabash ... 7S 100O Wabash pf A . . 71 200 t Weber A Hollbroner 13 300 Western -Maryland . 10 300 West Maryland 2d pf 13ft 100 Western Paclflo ..26ft 100 7 Westorn Union Tul . 30 100 t Westlnghouse E A M 48 200 Wheeling ALE 9 930 4 White Motor 43, I sou wnitn Oil Corp . . 16H 780O Wlllys-Overland . 10ft 400 Willys-Overland pf 42 100 Wisconsin Cmtral ,13 100 8 Woolworth V XV . 114-, 500 u Worthlngton Pump 54 100 7 Worth Pump pf A 7fift 3 30 Net low (NT tm) ChKO Philadelphia Stocks 1 P" C. B. FA'ITON & CO. tU ClIKSTKUT HIS. BANKERS L: Hacrenrs to SMI.KIl aj HIEVK.SHON llondi and htocki lionrht and nold oa rnmrnWirfnn MniVi.r Phlln, Htnek Kifhnf MONEY-LENOINQ RATES simi lOltH- .Mcny ori -aj' til r a'frAl ipI od iod.1 ' .it -.ilrrf ir.il renew Ins hotn n1 fnr I ! rne ! ill I ; BOARDROOM MAN Wanted by exchange houso. Oesir' j able position for rnjlit man. II 116. I LIM;EH OFFICE i'llll.xnKUItIA ' " 1 I'.r --n1 ( i-er ''ent eimmarclal parer nre montht. H pur cent I Vnte--Thve are marel. nominal u Jtna 1 .m -i , eal raid of Inurost In tho stale t li n,!f Jil twins' ft'1 at ) vir eent I" js vremium ari eomrnlsalon ume morey ' - 'hiny in nittttr days. I lonred at S to 'i vr en' while commercial onooi fmra rt " nlnmy day is loaned at S t 1 V ; r rent Reserve Banks' Discount Rates ' 'riria -..liwovnl raieii at the twelve KKeral Resrrve bunks Art an fallows rreaa uip um intra dm tionne i-aper am Conservative Investments MacMeokin & Williamson , nilOAD ANT) r)A.N8QU tT8. 1 V)t tr 1 Npw Yor4 1 h lalalpbla ( evelabd I nifhmond 1 At Knta 1 hlcavo 1 Ht Loula KtnnaaDOlla Kansas Cltr Dallaa Han rrccico jjlseoum 1 8 8 H 1 ) ftft 0 t) I) r. ., i rt SS 0 IV, 8 ') 8 .rrea ponds T A 7 8 vllh r- 8 oH 0 H 8 5 a 0 InteiHat . ... . . 1 r.li borm t rldelltV 4Uld UepOOlt Company, ral 1lh minimum of S wr oont In tha a of Mnryland ItVKltl U1M) 01' NlltLTi ll()M HERMAN HOOPES, Inc. Ilrneral srnt sntv mm. iiatk tki st iir imi Dlthlcnda r- I HOVTHM Mil. S VTIONAt. IIA.SK 1 Pirn rlehu Uax 2 1931 'i 'flit Director, have tin, .luy dsclar! !:mlarmual dividend of l' and an extra dlv j.land of Uj payabl on uemnnd, free of all U"' ' a II WEIIT. Cashier, rf I'ht.ad.lphiu. BAR SILVER 11O1T140UO bar allvr mm un huiHd in Nw Torn today at OOc fornlirn 61 Se un rhanstd Jji Nindun the (iTlfe wai d lft d, BANK CLEARINQ6 Hank learinsa today comp4rwd w th (-tr-rvspiindtnr day last two years 1021 1020 1019 Jloiton 154 250 340 (I8 20L.171 1j) 058 323 J'hlia 7S 171 (KV7 sn,7j41 VT.4&2 7SU N. Yolk V27,il3,U!lS la.:7DS Itlan Iw H17 Am Strs M 56V4 Kit Am inter ill'i MMj 110 Cam Iron 85 35 1V5 KiocStor 117 117 77 I Co N A 211 Vf '-'0 '1 I,eh Nov. 05 03V Tt I.eh Vol . 50 CO IT, I'u CeDt'l Light pf 43 43 7.',li Va II It., :15k, 34'm 205 I'hlla CV) cum pf , 32 ? 32 Vi rild I'hilaElec 1 21 10 do pref . 20 25 Wt IHQO I'hiliiKT ION 1Hth Tm Tono Min Its 1 rs list Tn Trac 31 31 171 I'fll.. 35 34 1. do pref 40 40 , ,1 West ,Ier A S.. 30 :j() 1:13 i m 50 5l2- 35 117 20 . 05 -r-50 .. 43 !.rt Nt ch r H 32.. '4 21I-f Mh 25- V. 10 H i,.-f- '-2 3i ,; 36 1 14 30 .! ohanas tnadi. by comiMvrlion w"tth ui a A on New Yn Commodity Markets COTTON MARKET New Vork, Maj .'I An opouing il cune o market issuance May. The offerings were taken by local fchorts and Wall strtrnt and the lint soon 03ft olft- H 20X Mft-f 14 4 4ft 1- 14 11)4 1U4 V 29ft 29J4 H 20)4 37 4- H 30ft Mft ft 4014 40)4- 1 88 IS T 51 21ft 2ls4- H 18ft 16ft- t 103ft 103)4 4- H 53 83 - ft 11 II 14 29ft 29)4 H 70 80)4 )4 78ft 30 18H 18H J ' 11H UK 148)4 18)4- 1V4 98 98 - 14 ft 5ft- ft 146H 147 - 2ft 23 23 ft 14ft lift- H 29 29)4 4 Va 10ft 1094- V 83 87 ft 3ft 2ft 4 4 1MM 18H H 37 ft 37 M V 22)4 33ft- lft 22 ft 32)4 113 113 - 1 IS U4 - 6 13ft 13ft- H 70 70 48 46 1)4 17 174 93)4 93ft- H 5 5 X 38)4 "814 W 73 X 74 3ft 3)4.4 ft 37ft 37H- 140 145 -I- 5ft 12 134 ' 15 15 i- ft 30 ft 50)4 ''i 38J4 3SS - "i 9ft 89ft- ft 02 ft 63 14ft 15 4 ft ,34ft M - ft lift UM 47ft 47ft- X 18ft lift a 27 27 - 1 40, 41ft !i loft. 10ft 704 70 ft 03)4 03ft- H 8Uft 86ft -, H 28 28 82 82 18ft 1314- ft 01 91 102 M 1024"- ft 4tH 41ft- ft 35 25K U 89 8914- 14 lift 14 ft ft 33 74ft 1- H 40ft 40ft 42, 42)4 J4 3214 33ft- I 4 04 - X 93 03 B Slits 21 M- ft BSft OwS ft 1ft 13M H 31H 23)4 4 '4 27 ft 28 - 14 33 '. - ft IX 2, 10ft 10ft -r 1), 0'4 Oft- ft 10 10 4- 1$ Sft 82ft- 3ft 98 98-2 16ft JOft- ft 10ft 4054- lft 20 X 36J4 ft 43ft 43ft ft 00ft 09ft 4- lft 734 75ft 4- ft 'Hi 31ft t ft 83H 534 108 108 78 78 - ft aa :i3a 44ft 44H- ft 08 . SSft X 'Vs 7ft r t M - 1, 10 A ft 40ft 40H- S 3!a 3)j . 21 714- lft 28 ft ft 10ft 10ft- 14 173 175 1 3ft 51 ft 42 v 12 li 1, 22ft 22ft MOft U6H- '4 03ft 04 11, 90 ac - lift ?i 45ft t4 31H 3IS 's HI Htft4 Q 31' 31 ft - ft 2 tx tx ifS 1SS ( 21 ft 22 y I 724 73Hi l 40ft 50ft- ft 78ft 70X- 14 31 34 ft 83S 84ft ft 1085, 10894- ft rX 544- 10 18 37 ft -1:94 23 ft 20 -r- lft " 83 -f lft S trtf- ft 7H 7H ft 30)4 21 f- ft 1314 13 -- , 11 10 - ft "ft 17ft- ft 38ft 20ft- ao 90 ft 48 48 4- ft 9 - ft J 3 43ft -r ft Oft 16ft- ft 's 9ft i U i' y 33 33 - ft 114M lllJi-r ft 33 34 4- ft "9ft 70ft -r ft ACME PACKING HITS NEW LOW ON CURB Aetna Explosives Makes Appoar- anco Standard of Indiana Feature In Oil Croup New York, Mny 3. Tho market on the llroad street curb wns generally stoady. with Irregular changes In prices. Acme Pacltln" 11 'rvted nttentlon, sell ing don 1- !" Acme Ex plosive, r n Ions Interval 0f iuu, ( ti Illinois common was tt t Had'o ll,al"'l, showed 11 titiuir luie. both the common and preferred stock being in demand nt moderate advances. Southern Coal and Iron continued ateadv, selling nt 0 to 0. Uhitcd lletalt Candy was qulot, a small nmount of business being trans acted at 7 Mi. , , Hlandard of Indiana, new stock, wns the feature of the petroleum group, moving up to 70. Hect J""1"" !.! . T.,tln.l hv the publication of tbe statement this morning that the company httB arranged to make nn lssuo of new Btock. Anglo-American won an other strong feature, rnngtng irom iuh to 10. Midwest Keening Is to bo taken into the BUndard Oil Co. of In diana on n basis of two shares of Standard Oil of Indiana for one sbaro of Midwest Itcflnlng. Humus L'ctioloum, whlcii wn a strong feature yesterday, reacted to 11, out then moved tip to 11. 51k "a!in ,wb in supply and yielded from OVj tu UVs. Arkansas Naturnl Oas was traded In from 10 to 10. ,. Nlpissing was steady, selling at 4' and 48 ,... Iliurinirt i- Ills'.) . IS . 2'i . ti 12S . 2V. . 104 3 21 O'-i H sironjj hliippiug nle wero 05,000 .-o.i.io int- v?eaiiier is iinfnvoroble for iiliiuting The traiiMferrniK of ontu hidges, from -in hi jiiv, iij caati interests constl- ' , .' ,,, '., op"umK '" "tH the chief tru.ll,,,. this tilt (Vsh of o to 10 points In the cotton ,,, wri. ,4l , V3c higher t)hlpn?n2 it today ns partly due to the 1 hli0H ,. -it; hoi i, ,h, r u'PP'l ice of notius on 2000 bales of 1 ,'",0tM bl,M" ls Acme t'oal Acme PacKlnsr Aetna KiplonUm . Amor leather . Bmpire Food Inter Uubber Chlcnsn A Kt 111 IVrtwtlnn Tire . . . Hedlo Com U. dlo Com prat . tViuthern O A t . V B Ship Corp .. V d Hteam I nlted ProOt Sharing Pnlted H-t Candy 8TAN1IAIVD 4HM Ansio-Atner Oil . 1 Stand OH of Ind . 70V INDETENDlCs'T OIIJ Allied Oil Arkansas Natural Oas lloona OH . Boston Wyoming Crlh 8ynd Cities Servlc "B" ctfs Driiny Oil . . .-. Kik llatln Pel KmerleK OH Knglnrnrs IVttrul . Federal Oil . ... Olenrock Oil Grnnaila Outfey Olllospl . . Int Petrol Keytitohe Hanrtr Marland Uet Oil Marsay Meslei Oil Mountain Products . VobU Omar Oil IVnnolc Oil Han Cona Halt Creak ne . Sltnma Pet Kkally Oil Teson Un Ti-jae Oil t'nlted rtoyiiliv V CHI fjji MINI0 Aisitka llr Columbia linoth . Boston & Montana Culedonlii Mlnltm Calumet A Jerornn Cnndelarln Mlnlnir , Conn Vlrslnla Corlez bllver Cresaon Oold Crescent .MatNatnara Dundia Ariz Cmma Silver Kureka Croesus, . . Kuruka Holly Oold Cons (inld Divel Ooldrtelil Klor-nce Oold Kcwanaa Hold Wlver I'lck . told Zone 7r nt ltend Heila Divide Hurla Mlnlns Iron IUoaom Jumbo Kxtens'on Knox I)lldo MnoNamura Mhtrma Codpt Marsh Mlnlnif Mother tde Mother li.le n-w National Tin Nlpleslnir North Htur Ophlr Hllver Bex Cona HoihHSter Minna Han Toy Silver Klnir Divide Hllver Hllla Nevaila South Amei I' 4 O Hand Hllver Lad fturces Mlnlr.a Tniiopah Belmont Totinpiih I.vteninn Tonopnh Jim lutler Tonnpah Ml1y Tonopah Mining Tononah Mlznah Tonopnh Montana Tonopnh ItesLue Bula t'nlted Hastern Vlctorj- VV'tiet Knd ("on White Cap Wllhert Vukon Oold BOND8 Amer T-l fin 10:4 Anaconda tVi Anaconda 7 10j(i Armour 7h Beaver Board Ss Beth Steid 7s 10315 ('nn Nnt It oq 7a Cons Tuxtllo 7 Copper Kspott Ba 11); Copixir Rxport Sa iftjt Copper Kiport Hi 1112v lOoodrkh Tire 7n nummit 1111, tr Jnterboro 7s I.lirs-tt A Myers Ss Marlnnd Ha Nat leather 8a Hears Boebuck 7 1022 Sar Bnehuck 7a, 1023 Hotllhweit Ilell 7 Ptand Oil N Y 7 umo Stfind fill V T 7s IPS Hwlft 4 Co (1b 8wlft 7 Vacuum On Wt-st.'rif Kiee 7s liw 2 II 11 SV4 10J IVi 7V ioVj 7ft 11 15 s 111. IS 2 V i8 10ft a 2ft a 70 From and after this date the firm of Colgate, Parker & Co. will be continued under the name of Parker & Company v by the present general partners with the exception of Mr. Craig Colgate and Mr. Prescott Erskinc Wood who have this day withdrawn. Mr. Sidney W. Fish becomes a special partner. Mr. Louis du Pont Irving, special partner, with- Parker & Company Henry S. Parker Frank Hamilton Davis Darragh A. Park Sidney W. Fith, special May 1st, 1931 iilllllllllllllllllllllllllllllllllllllllllllllllllllllllllirilllllllllllllllimillllllllllllll!: 5 May 2nd, 19S1 S i 5 I We take pleasure in announcing: that 1 Mr. Prescott Erskine Wood I this day becomes a general partner in our firm, resident in New York City West & Co. 417 Chestiirt Ht. rhllsdelpBU Members fit. Broad it ar New Kork New Tori. Htock IJjohanse VMladrlphla fitotk Exehnnre iiimiiiiiiiiii'""'1"""""""""""""""""1"1""" '"""""""iiiinK LIVESTOCK QUOTATIONS irk Fttnrfc Flirbanffe piiii.Mira.i'niA imimw HKi Liberty 3Vd". 1100 Mberty 1st IUh 21KHI Liberty 1st iVi KHHi Liberty M "-s. 74fi(l Liberty 81 W ricovered half of iu Initial los. Cabled 1 ,i,,l.",,,nl;'', I'u., May 3 nous itocitpts, were poor, but foreign exchange and the, " "", , ' ',Kh" ""J''" j8,""8,50 stock market were both firm ami this ' l5n'" "'" J '""" 1;':B,5 r"K onoouraged support ' K.sI.i,;BPA,M,L,AUI.,is-'"ipts 80o heau The preliminary report of lb New :'vdi ...-"ntf ,f X , Orleuns Tliucs 1'itayune places the re- in ductlon in hi wige at 'M per cent A I ., , . ,, T Washington dispatch ntnto the sucrs- ; cu," .'Br,,",,,3..!. h.''faiv' tnrj of war announces that the. War De. rocoipta 210 Htnd,. ishMi v.ivu. piirtment doss not own any surplus of . lions rtefctpta iuo ntR,t tv.ii cotton lititer, at thtatlme. the entire 1 "iS 8B0uB?o M,! 'Vi.'hT' .?, sulfa iiiivuiK ofeu sum. neinrus tmaw iiiai ' and pIkh 49 lin. rouuhe hoik about 205,lXXi bales aro being held in g'OBo " suirage awaiting delivery to purcha.ser. 1 n " cnchlanrfBdr'AMriH,"c"p'' ,uo0 The receipts ut the ports for the day ' are eHirouteu at 4,un3 onics. Oa'ainst . "' 'iiik hi . May 3 catti.e L'.s.lll bales a vvek ugo; until bules a 11 10 10 104 lS 10W 1V IS 1H 07 94 07 8 HH 8V sin, :o'4 'jm'4 S y, us sjs o; RH !iv 8V lft It lft 11. 14 14 0l hU O'i HV4 II 14 inn iow um H H 24. i'4. 24S S, 3 3S m 14 14 12 11H 11T4 44 13 44 24 2 24 ivv. nv ; R 8 H U' 14V, HV, 11 11U llv .14 SI. 3 4 H S n 1 . "a . 4 4 .1 3 3 04 13 ' 61 11 II 11 4 4 4 OR .Ml SI 7 7 7 74 71 7 IS 14 IS 1J 1' ii 1 1 I 14 14 1 4 73 07 70 Jri .14 1A i i 1 3 34 31 1 'i z I) It II IS 17 17 2 2 2 28 2S CS 44 44 t'l IS IB 15 7 7 7 II IK 1,1 21 17 10 li 214 22 7 7 7 bo no en .1 fi B AAA 15 14 4S s b r. ',' i1 14 I H4 in 114 s n a 1 1 1 222 31 .IS 3B ."A ns r,S 3 :.A aA 'A is m 'A 1 ,', 1 A f n n l'l M in BOND SALESMEN WANTED We wish to secure the ser vices of one or two ex- ' perienced bond salesmen. Harrison, Smith & Co. INVESTMENT SECURITIES 121 SOUTH BTH STREET PHILADELPHIA I LOMBARD 6100 w y w1 i Hilflicht Grade Municipal Bonds to yield from 4.8fi to New Jersey Municipals to field H.70"i, Tree of all Fetlerul Tin WlOINDt Dloo, Phiudilpsia Mmh't fHiMtfiin JuJ AWu Hwi Smi kuhnpi aiw veaa iuussts. M. 1. ta w J LaSj 1111 Si I " s si S ft li -,(1 ,0 "1 iH 2 2)i D 1J f A I 14 .14 04 1 '4 1 14 t C1V1 tm.4 (104 II SD4 Ml 4 HftU I 01 01 S B3i 1 4 0054 0H I '(' 7s 78 B or. 04 044 E i"0 mo ino E on or osu n Kit, uos 00s Pi ''f4 i'04 004 II t'fi't vn no li I'nv; finC not 1 tlltV 4i4if7 A7 H 74 70" 7ur BWkW" 554 lift', tint; 07 (IT pr l'l IB OR p. l7 07 1l14 Oil v.. 004 os nn nns IOJ'4 10244 102C mi't loir, joa'. '04 004 004 111'. t).l lllj lO'1!. tor. inn "'S !irS nrt f Ji I Spruce 8200 J p-z r!L 1 Zi 1 HB I I stalls Ac , .J. 14 uau-i ? ?: ' itor ago and Of .O" Mm Mborty 4Ui 4 Us 1 ', a . 87 no . . S7.12 lots frO. 00 17,057 bales two jears ago V JH 87. GO July lota 87.."!1 "ctohvi ui iVi Uecombsr ' Si'!?: Jamiar 37fKJ I.lbrty -1th 4.4 l(Hi(l Liberty -itn -V4S . . . 1000 Victory 4s.. . . lOtl Hnldwin Loco 1st Tin fiOO Hell Telephone 7s HhW Ilell Telephone 7s 2000 KeUtone Telephoni Ut .is KKXi I'hlludelpliia Kler 1st ."ih Prices Firm on Paris Bouroe I'arla Mav S Prices wera firm nn the Iloura-i (clay Three rr cent rnts M (renca 76 rentlirws eichanaa on Ixindon 48 franoa 0i centime B Pr rant tosn Si franoa jo renilrns Th dollar wsa riuoted st li fran a Bl rvntlrr.es ll 0-1 03 V? 10.HH 103H 01 1 Vest ctoae 12 05 18.no )8.74 14 10 14 70 14 Ut i.N V Today a op.m 12 a IB 06 13 70 14 10 14 is 14 03 tircei 1 .10 i in I'JBS 1:1 01 n to Tenth National on 7 Per Cent Batlj r$) The Tenth National llanVt of Phllad has increased lt fllvmsnd jrom cnu 0 to GRAIN MARKET Chicago, Mav .'I Whtut was strong, with buvitig trouder and Utile pressuie on the mitrket Cash wheat strength wot. h fm tor l'roiniums In the locul market were strong, while at Minneap olis wure 1 to 2 cenU higher. Kx porters reporter) riOO.OOO.liUHheW worked for export Tim stamen's striltn I111H not assumed alarming proiiortions nt tint seaboard as yet, Shipping sales wero 0000 bushel The corn market was Inclined to lag, but strenstb n wheot prevented nnv .... 1 - -vwiuie iniia, iiaia, 4XC nutbudi I usii corn premiums were isc, do, tvtnn mi 'Xf, "".if" ""i1 "8nt vearllnKssironif ,.,..., .....,1 ,1, rm ior neavy steers, 18,28 bulk bul t aid fur Marllnsa rows 100 to lBc hlaher uk Kfl&vk ""KT "." " ".? 1 IQo safe . 36c riwun -iteceirita is osn h.ad etlv to 2,ir nuihur 1t. IH B5, bulk. IS 2. i , """' ii 's aoiii neavy sous. hlHher nita ateadv uualltv irood ailKKi'- lle.tiite 120(1 hd Aetiia nisntr 1 iippmii lanitw ton 110 hulk n f. n of irrMul choice 72-Dnund .nrln 112 ,10 few other clasati 10 72 heud lambs brnuKht nsie ,!s"w S'.i- Mr 3 Bt-'TTMl i-trm . eelpta 731IT 1 luta . reoni-ry Mrltr than astrns S4 8't 1 rwnoury. extruu 02 score ST' ttthe reamer firsts Hh to lit core BltiSTe. icklnif stock, mrrvnt make Ni 1 Ihr ECblH irrnrular llecelpls. M 824 rases Slu"Mi""X. ' k'rTi nr"". T2sc firsts 244W2040 tat Tennsylvanltt and near hv western hennorj whites, llrats tu in trim 2HtfB3e state Pennsylvania and nearby western hennery browns, sttraa, aotf nic do jatlurtrd brawn and mixed, colors, flrnts to extras JB4 WtOc stonure-raokKl extra, firsts aS'MJSbc, do. nrts. 272Hc CHKKHB weak Ilecrlpts, 220s t-oie. Slntn vhole milk flats, short held, spoelals, 21(T22a du, averase run,'. 1020c, mate, uhole milk. Hate, fresh. Ajttctnls, 174 O . WO- FOREIGN EXCHANGE Nevv York Miiv .1 - Franc en;,b-ln-licl n nnv high murk with the open wig of the fon-ign eTclinnge market to diiv. (iiMes lioinx (iioted H n,'( and de miind K02 Ttiis ndvnnce hIh,v( 8 00 for the first time In 11 long period', is believed due entlrclv to the better rep arations frviir.ir now exiMimr m the other side and U held to clenrlv rellect t he ijrovviiic sentiment in Trance as to the fund outcome of the Herman indeni nit v problem notwithstanding thepren nrntloriK mode for an advance into the rtiihr nller Tloth sterling .ind lire nlso diMilaved a strong tone The quotations were Kterllnr; onhlr-t H.07. demand .T 07 . franc ,.hW 8 on, clicks R02. lire ca-l-n-10? Vhw,k-" n24. Swiss 7ahles k I' t'l'1 '' "?' IVflHa f,nWr-i M. cbec,H l.T OS marks ITiR. vKsrnnriAvs kinai. qt'OTAiiova a 074 7 87 k 55 i rorA s fipn.s-iNd qi-oi atiovh " P. n a nil Cul.I.'H riernan"! t'atiles .Hti'tllnn rrsnra n in R 02 1 U74 fi 03 Ur, Omldura 4 024 4 0.1 United States Treaeury Certificates Int Mnturimr Hate Data I'&K June IS 1021 t'fl Jutm IB 1021 B4 July IB 1(121 0 Au 10 1021 t'BH Hept IB. 1021 t'O Hept IB 1021 tB4 Oct IB 1021 nS Oct IB 1021 t0 Pec IB. 1021 t'BH Maroh 10 10 ,11.. I aUd Vleld if.n i.Sj loon ,r,nq 100 S ,12 1(10 A 4 SB 100 I 3J 1001? i 2J 1004 1001 J Vn 100 t-12 100 3-32 B B IO(iA 100A B. n "?" i-w 100 s?32 S aK 100 3-32 100A BUS loou lnnv. a T,k ", K3:?? "ft "m Ksempt from normal federal fn.-i,.- ..." ernmsnt Ineoms tAnoeptable for payment of Income tax due oa dale 0' tuaturlls. Bout'ht Sold Quoted U. S. Treasury Certificates All Issues rjKctmrnxs department COMMERCIAL TRUST COMPANY City Halt Square Won Member I'ederal Iteserre Hatero Consumers Power Co. Ftftoen-Year 7s Due July 1st, 1935 The Consumers Power Co p eratttur In !.oer Michigan serves on" of the must 1m rorlnnt Industrial eectluns of the country K'ectrlc light and power ron tribute S2 of th esrnltiK Installed ll p 2II2.00O, of hh ' 101000 h p. Is hydro-eleftr Thla Issue Is followed hv i.tr I.IO.OOO.niiO par valua sscurl'ici Net earntnirs over 'J 2 time In 'erest oliargea on outatauriinc mortiraxe bonds. Price 05 to Yield Approxi mately 7.60- imrily rMl for Circular ht 11 CASSATT V CO. roMMERCLVLTnusr Bioa PHILADELPHIA mWlTlfljT. AMERICAN HIDE AND LEATHER ! We have aome im portant information I on this stock which we I will send to those in- 1 terested. Atlt for a free copy of L. 29 J. F. McGOVERN & CO. Northern Pacific- Crent Nnrthom l.l.. Vil.41- (jifsl,- 1eihlfir .. .,:, ,.,nn7T-7. . . nsewVoYs 8111rosrsf: ucnomiiiuvioim iuuu, auu and $10Q 0rd, txfcuM a M Markets Prico to Yield 6 ! "r ""' W"X """ EDWARD L0WBER STOKES Member I'hlla Moils I'.irhsiute 20 H. 10TI1 HT. UJC'LWT 344 GRAIN PROVISIONS Our Dailv hotter Sent on Kequett Hughes & Dier Members )ti. 1 Vh lit I lilenio Hoard of Trade X.,,US.T.S??S.I:V?&P. llttebiinth Stock Kicbana. 1435 Walnut Street ftoruce MS uMce ,.M Philadelphia villi pit) 100 iiii,l nt cruet interest for: Pennsylvania Co. 414 s, 1921 Phila., Wilm. & Bait. 4s, 1921 In extliunite for Southern l'u'elflr Itullrorwl t'n. 7'e eiiulpmeiit boiula ninturlnjr 1033-IU35 Philadelphia Plan Samuel K. Phillips & Company Af.iibrr Philadelphia Hlock Kichangr B07 ( III.STMT HTltllllT IJLl v Mends TKNTJI NATIdNAL, HANK .. . Philadelphia, ilay 8d 10J1 The Koard of nirsetora have this da? d. clared a setnUnnuaU dividend nf jyt nV, wUl'tjf mSl'lJs?" PW' "1 ',Mnn,, CI"K: KBllDBUT U 'BIlAPrBll, Cashier. We recommend for INVESTMENT Great Northern Rwy. Gen. Mtg. 7's DUE 1936 Price to yield about 7.40 Northern Pacific & Great Northern Joint Conv. 6VsVs DUE 1936 Price to yield about 6.909 Carstairs & Co. Investment Securities MruibejT l'hllsdelpltlis and Nw S.uck lUrJiaxice 1419 Walnut Street I'nllnrjeipnia . 7t n.,.0Ju,.v MY. I ,. uivHunn ' --
Significant historical Pennsylvania newspapers