j,yv
21
EVENING PUBLIC tLEDGERr-PHIEADELPHIA', TUESDAY, MAY 3, 1921
J
We own and offer
250,000
CITY OF RIO DE JANEIRO
Sinking Fund
5 Loan of 1909-1934
Unconditionally Guaranteed by the (. 5. of Brazil
DENOMINATIONS: 20 50 100 500 1000
Original Issue ....2,000,000
Redeemed at Par .... 636,690
Outstanding .1,363,310
., P. ,. . INTEREST PAYABLE: JUNE 1st, DECEMBER 1st
Redeemable by annual drawings at par, in London, on November 1st by means
off a 2 Cumulative Sinking Fund.
Secured by a lien on the Trades and Professions Tax, the average revenue from which for 1910-1919
has been approximately 130,000, & nearly 10 of the now outstanding bonds.
Payable as to principal and interest in Pounds Sterling, or at the option of the holder, in Dutch Guil
ders or Swiss Francs, at the following fixed rates of exchange: 1 equal to 12.05 Guilders or
25.10 Swiss Francs.
The following table shows the approximate yield off the Bonds when drawn for
redemption, and cashed in Swiss Francs which at present Is the most favorable
rate of exchange, and equals $4.40 per 25.1 Francs; also when cashed at an
increased rate in either off the three currencies:
Date Drawn
November 1921
November 1922
November 1923
November 1924
November 1925
November 1926
November 1927
November 1928
November 1929
November 1930
November 1931
November 1932
November 1933 V
November 1934
The interest and sinking fund payments on account of these bonds have been, and are being mot
regularly. Coupons and drawn bonds may be cashed'in New York at the prevailing rate of exchange.
Price $650 flat (including 5 months' interest) per 200
Rate Yield Rate Yield
4.40 73 4.40 73
4.40 33.50 4.60 35.50
4.40 22.50 4.66 (normal) 28
4.40 17.80 4.86 22.50
4.40 15.40 4.86 19.50
4.40 14 4.86 17.25
4.40 12.90 4.86 15.75
4.40 12.10 4.86 14.62
4.40 11.50 4.86 13.87
4.40 11 4.86 13.25
4.40 10.60 4.86 12.62
4.40 10.25 4.86 12.12
4.40 9.90 4.86 11.62
4.40 9.70 4.86 11.25
NEW YORK BOND SALES'
Summary of Individual Transaction on New York Excbang
tflALBB IN 110001
PYNCHON & CO.
Members New Yor!( Stock Exchange
111 Broadway, New York
PAINE, WEBBER & CO.
Members New YoH( Slocf( Exchange
New York and Philadelphia
1422 South Penn Square $1
GEO. W. KENDRICK 3rd & CO.
Members New York ond Philadelphia Stock Exchanges '
1431 Walnut Street, Philadelphia
The above information and ttatistlci have boen obtained from sources whtch we'
deem reliable, and, although not uuaranteed, are accepted by us w accurals.
Al A BUfl 0.
2 . . 98U
A O'd M cv A
1 ... 14
Am Cot Oil St
1 .. . 78
Atnn flmlt' A
Iter (la
1 70 K
Amn T T elt
2 ... 78W
Amn T A T 6
e . 82
Amn T A T On
I).... 101
IS.... 101U
8 ... mm
2 .. 101
3 .. 101
! .. 101U
1 .. 101M
1014
101
101U
101V4
101H
101
101H
101 'i
Anr'n llep'o Osl
1 71
Armour 4H
1 .... 79
2 .. . 70U
A T A 0 re aj
1 . .. 09
A T A 8 Fe 4s
1 . 77
Am'n W P C
1 . COH
All o Fruit 7.
0 . M
0 64
Atlantic net' ir
ct OH.
2 . . dOVi
18 . . COS
1 .. . 00
7 . 00 ",
Dalt A Ohio cv
City Toklo 6s
1 00
Cltr Zurich 8.
IB . 07H
2 . 07Vt
R ... 07
1 ... 07
1 07
Comi'd OaV 7
1 . 100
1 ... 100
1 ... 101 l
Cuban Amer'n
fluiar 8t
1 ... 100S
8 ... 100
0 100V1
Cuban C 8 cv
3 . . H34
a .. f)3t
Del A Hud ta
8 70 'A
Del A Hud 7a
1 ... 100H
1 .. lHMi
l . iooj
1 100 14
Denmark Con
ct A Si
3
0
1
1
1
8
1
1
2
1
1
1
0
20
1
1
1
1
1
00
tlHK
OH
Ofltt
08 i
II 8 'i
08 H
00
08
09
09
K Ul'm rcta
OSS
07 H
S
08H
08 fc
08 H
08 U
Willi
3
1
1
n
8
l
l
8
1
4
21
2
1
1
DOS
90 H
09 H
09W
09 Vi
09 .
00 Vi
09 U
00
09 U
00 H
00H
09 'A
DOS
Kingdom Den-
mirk ct 8s
1
1
2
BO
1
1
1
1
4
u
1
ie
07
07
07 "4
07 H
67'
07 '4
07 W
117 .
08
How to Forecast
SalesThis Summer
Certain territories and certain industries pre
sent unusual sales opportunities. Will you get
your share- of this business?
Is your sales manager following the old method oi
depending on salesman for reports oleonditionsor
is he basing his sales campaign on unbiased facts?
"Advice to Stllen" Bulletin Just off the press forecast
Hies condition! In every territory in the United SUtea and
Canada. With this Information you can not only pick the
most fertile fields but. by a special method shown In thl
bulletin, accurately estimate the lilts you ea, safely
expect in each territory.
Mrrtf Ask for BuU.Kn 'J4KX
Rr n a taerwPQ 9tiit.ci
W. JDAJDiJWIM O Organisation
Welleiley Hills, 82, Man.
QtartrBetagi
Thi targtcl Oranistin tflu CMrttin in tn WtrU
p . CLIP OFF HERE mm
J MEMO for Your Secretary j
I Write RonrW.Babton. founder ofTh Babao'rv Statistical '
Orranization, Wellesky Hills 62. Mass . as follows: Pleats I
. tend a copy of Special Bulletin No aim and Booklet. J
1 "IncrtatinM Saltt" tratis. ..
B A Ohio 34
S 81W
Dal A Ohio Bs
1... . 08i
1. 80
Dalt A Ohio Oa
1. .. 884
1 . 884
2 88 'i
Dalt A Ohio 8
W'n 3H
2. 77H
B A O Tol 4a
1 54
DeU T 7s rcta.
1 103
1 I 103N
1 103
Deth Htwl 1st
8 004
Dkn Kdl Co Ba
1 . 70
Dush Term S3
t 70
Canadian K 7a
1 . lOHi
1. . 1014
8 . 101H
28 101U
Ctl Pacific 1st
1 . 73
1 73U
Cfl P B I. 4a
1 874
Crro a Pasco
copper ns
1 108U
3 108
C . Ohio 4 4a
2 78 4
C A O cv 4 4"
704
2 70
4 70
C'k A O cv 5s
3 824
a r2K
18 . 82
C A Alt n 34"
4 . 38
Chi 11 A Q urn
i 70 ;
Chl B A Q 4s
Denmark Con
ct 11 8s
2 . .
1 984
Dee Molnea A
Ft D 4 a
2 . . 45i
1 484
Dot Kill Cn Os
1 (sale) 88K
Det U It 4 4.
0 . BO
1 68M
Do Cannda J i
2 024
3 . 024
1 02 4
Do Canada '31
3 80 4
4 Ml 4
3 80 4
7 804
Domes Mines
Co 49
1 874
Dom Itep a 6a
1 . 80
Duq Lltfht Oa
8 . 80
1 . 884
1 . 884
1 88 i
Duponl IM N ;
row Co 4 4"
2 70
K Ity Minn 4a
2 794
Brio (ienl I.lon
3 414
1 414
Erie K 11 cv A
1 38
nri a n cv u
1 . 87
8
1
1
1
1
8
2
11
0
1
8
90 4
094
094
09 4
09 4
084
004
09 4
00 4
00 4
094
0S4IKtndom Nor
way ct Ss
1004
100'
100 4
1004
100 4
101
101
3
Bt I, H KrftniBtand'd Oil of 2 .79 4
tlarlea'tt I Calt rcta ' 1 i4
2 724 2 1-24, 1 70 4
1 7241 18 1024 U tl llubber 7a
1 724' 8 1024 4 , 08
fit Li A fl FraniTerm I It It A IT Sflluti 74"
Snrlei C of St I. 4a 1 004
0 804' I 00 I 7 100
fit 7. A B Kran.TldewKtnr Oil 8 00 4
em On Co ct 04" I . 100
2 0841 1 &BV 1 . . 004
St L. Bow'n cnl 3 04 V B Steel fti
6 04 I 084 8 084
Bt P A Kan CiUnlon I'ac fd l .08 4
KL.44 I 76 I 034
1 034 Union I'ac 4a l ... HS4
Bt r J A Sioux J hO l .. 084
City 7a Union I'ac fli J OBH
2 .. 944' 1 .08 1 .. 034
1 944 2 08 3 Or. 4
Sao I'nuloVt 1 . 07 S 1 084
1 OS . 8 . 084
I 08 1 . . 08 4
U K of O Ilrlt 2 08 4
A I d 1021 ' 8 084
8 0041 a OS!
8 004 2 . 014
3 1)94 1 . 034
1 004 1 . 0B,
8 . 0'I4 3 OSS
8 00 4
r k of (i nrit
A 1 d 102.'
t 00 4
III! 4
1 004
llraill ct Ka
074
074
074
974
07 4
074
074
074
07 4
07 4
07 4
07 4
C Oil
7 4"
1
1
8
0
2
1
B
2 i
7
2
20
1
Sinclair
Corp'n
2
7
LONDON 8TOCK MARKET
2
1
1 (aale) 084
4
8
03 4. 60 'in 4
084 1 004
084 1' of a Ilrlt
03 4 - Id 1020
03 4 I 28 no
I OOi,
014, i ooi;
034U KolO nrlt
0141 1 d 1937
King Bwd'n fla
2 . . 824
1 . 824
1 824
Lehlah VI" J, fia
1 084
Lou A Kaah 4 a
2 80
3 80 4
M'X Pet 8a wl
1 . . 084
B . 084
1 . , 084
8 08 4
Mid B A Or 6t
2 . . 77
6 . 77
4 704
1 704
JIoKtT 2nd
2 31
8 37 4
8 38
Mo K L T 4a
1 604
Mo I'aclOo 4a
J 614
2 614
1 . 634
2 . 814
2 634
1 . 634
Hrle ft R cv DBffl Orleans A
2 . 40 Nth En 4a
Erie Ily Co 4j 3 404
1 B34 New Or Tex A
dene, 1 Kite 8s Mexico 6a
2 .87 8 . 87 4
6 87 I 2 68
Gene I Kleo Oa'N V Cent I 4
2 00 4 8 704
004! 1 704
Oova t l" II a,N Y Cent 1 tin
1
1
28
6.
B . 03 41 a 80
1 014' 1 80
2 034 1 804
4 014 6 80U
1 . 0341 ,1 804
18 014' 1 804
6 084 2 804
1 034 1 f 804
Seab'd A I. 11) Ut d Hya InVt
2 ai 4 Comp'y Oa
2 3J 1 (aale) 70
Seab d A I. fd L't d Il'da San
3 39 r unct 4"
Saab d A I, 0. 4 ,11
1 48 I .11
So n 1'Rcinr 4a n . 8141
2 . 00 4 U S Mexico 4a
2 08 8 34
S n Tac cv 4a 3 83 4
1 78 4 V H ltelty A
B'n lUllw's Ja Inipv't 8a
8 (aale) 81 11 80 4
8 81 U S Ilubb'r 6a
I 34 13 1 70
1 70
Utah I' A I. 61
2 784
7 .78".
1 70
Va C C 1 74a
4 . . 02
2 02
0 . .02
Va rtrillw'H Ba
1 82
1 824
Weal' 11 Md 4 a
1 8
Wn raclno lat
8 81
West 8hon 4a
1 70
2 70
Weat S 4a n
1 084
W Union 4 '4a
1 80
W A E Mfu 7a
99 4
0t4
004
00 4
004
00 4
00 4
004
00'4
904
0'I4
00 4
90 4
004
80S
1
8
1
11
Bl
1
1
1
1
1
1
1
1
8ecurltlea Steady, but WlthouttFea
ture Dealings In Oils Small ,
Imdon, .May .'I. Oprrtitlons in w
curitlPH on the stock oxdinnK'' won1 de
void of feature toda mill tlir iiiiiikt't
were listlcsH. nltlinujrh Ktciitb in the j
iiiuin. Notwithstnmliwt the fnrt flint (
money nn ensv und Hint H,(M)(),0(H)
woh dlHhtiKed in tlivldpnilt jeMerdoy.
the (jilt-tdsrd hctinn hnil n Miftei tin
dertone. (.'ontiiicntnl Iohiih wne dull I
on ncwH from flrrmnny nn repitrntloiiH ,
woh nunitcd iti IntercKt
Home rallH were quiet, pendinn fur
ther development iik to the coal labor
deadlock urnnd TrunkH were hard and
there was freth bujlns of ArRentine
rnllH Dollar docriptlonH drooped In
Hympnthv with New York rxrlmiiKf.
Motlcrntc proflt-toklne occurred in
.MexicoriM I
UenllnK in the oil department were
nniull, hut the croup uaM held well
Shell Ttati8iort and Trading won
0 15-10 and Mexican Kosle !,
The itidtlKtrlal pectiun ellsplnvi (1 tn
hilitj Sentiment in knlhrx anil dlu- '
inondH wao cheerful.
LOCAL MINING STOCKS
lU.SOI'AH STOCKH
111,1
Cnah Mn .1) 1
Jim Ilutler 07
MarVaniara . 18
MncNnmarn trpacent i'1
f,dwny 16
MUpuh I. it . 'I?
.Montana .O'i
N'orth Htar 01
Itetcue i:uU . . 18
Tonopah i:xtmlon 1 34
West Lnd . 01
Weit Tonopah 10
UIMDK STOCKS
Allied DIMde OI
I Alto Divide OJ
Hclchor "J
Iirlcher Kxt . ui
lien Hur . . OI
Drouuli Dlvld . mi
Divide i:t 3-.
Divide Conn 02
IJIWdend 04
i:.it Dllde . .'
IlKrmlll ; 084
Haahrourk Dltldn 02
Hlch DIMde
Knox
ifCAPITALS500.000JOOU
ff SURPLUS (EARNED) 11
if !
Wllaon o lat
1 . 88
Liberty .T.r
Libert Jd 4s
Liberty 1st 4Un,
Liberty i.'d 4V4b..
Liberty 3d 4itH..
Liberty 1th 4,is.
Me Notes .T48..
Vic Notey 4 h.
Hlch
N8..SK
7.:ki
S7.S0
87..r)S
IKl.tJd
87.1M)
118.04
1)8 01
N If
l.nn
88 71
87 :i
S7.(W(
87 an
110 411
87 411
117 0(1
1I7.1M)
-time)
1 18
p m
8H.74
87.:i(l
87.150
87.3(1
1)0.04
87.54
1)8 04
08.00
Itevcrt .Divide
Ileno Divide
Itoaotta
Silver Klntr
Sutherland
Tonopah Dlvld
Tonopah llnnbniuc'K
Mctorj Dhlde
Virde Divide
tone
.17
01
OJ
01
.01
.01
01A
01
.03
nj
it
MUI.DF1KI.D HroCKS
08
1391
UwMsmmUmm
wwj frfi ?i?iTi VyiF' iflaff
tmkWmfmmma
taSa9tVMBMllaaaX2nVj
n1rnztin
M isajaftja
tA Ink on tpKii
M. Cl
hut Ijf Via dtwm itetwxtat
wmJwri9Sf 9frf Hfftnwf
t mmiirw
City of Portsmouth (Va.)
Improvement Gold 5
Due January 1, 1951
I'rice to yield .bout 5.50
New York, Pennsylvania
& Ohio R. R.
Prior Lien 4)4 a
Due May 1, 1035
Price to yield about fl.60
Winchester Repealing
Anns Company
First Mortgage 7)4 a
Due April 1, 1041
Price to yield about 7.7fi
Corrc.pomf.nce Solicited
of Selected Bond. Mailed
on reque$t
u STROUD & CO.
M.mbnra Phll.d.lphla stock Exohant.
429 Walnut St., Philadelphia
52 B'dway, New York
Corrtsvondtnt Office
24 Millt Street, Beaton
2U Colorado Dldg., Waihington
i .. . z :
Kh Q.".wi;UM &. Elec- 5. io
w. oi n bV m553w- j" 7b' 1922
HinlPj BOENNING & CO.
-"iri iLllANnrr limmnun
iV-r!tJw.l
ww.b rniil
B. I.
Htok Kxcbaan
New Yaj
' .1
- j .
May
Bond Circular
We have just prepared
a circular giving partic
ulars of a number of
C a n a dian Provincial
and Municipal Bonds
now obtainable at
prices to yield
6V2 to 8
All these issues have
principal and interest
payable in New York.
The prices quoted are
for payment in Ameri
can funds.
I Wife for Ctrculai l'-o3
Wood, Gundy & Co.
Inrurporitlfd
14 Wall Street. New York
Toroalo
Iomlen, Kiie
Wlnnlpfr
Montreal
For A Sound Sleep Let The
"London" Do Your Worrying
IF YOUR factory, 6tore or place of
business should burn tonight well,
what of it? Your papers are in a fire
proof vault and everything else is
protected by insurance.
But
Suppose So and So one of your big debtors
should tail tomorrow what then! Are
)ou protected against that sort of a loss? A
dollar is a dollar, whether it is burned in a
fire or sunk In a failure. Then why insure
against rite and not against failure I
" London " Credit Insurance is' an absolute
Rtjrant against any excess loss from the fail
ure of a debtor, apd with the "London" guard
ing your credits, you can sleep well, knowing
that any such loss will be paid within forty
five das. Why not ask today? There's no
obligation.
ourt supejv
SERVICE
AT "YOU a
SERVICE
Losses Paid In
Ametican&irrency
Established
Eighteen Sixty nine
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD.
R. A. IRVING, General Agent-Credit Insurance Department
Stokes, Packard, Haughton & Smith, Managers All other casualty lines.
Bell Phone-Lombird 4190 U4 Walnut St. Kevitone.Xt.in urn
Utah Fuel Company 1st 5s, 1931
E. Chi. 6cInd.Har.Wr. 5s, 1927
Chat.Ry.&Lt.Co.8tRef.58,l956
Fort Smith Lt. & Trac. 5s, 1936
Pa. & Ohio Pr. & Lt. 7l2s, & 8s
Canton Electric 5s, 1937
MCowtt6Cct
LAND TITLE BUILDING,
PHILADELPHIA, PA.
lirmbara VblladalphU Stork Kxthaort
I
Ask your Banker about
Moody's
RATING BOOKS
on
Railroads Public Utilities
i Industrials Governments
He uses them in selecting the investments
for his institution.
If you are an investor you should use them.
Issued Annually in four volume. Send for
information to
Moodvs Investors Service
1124 Real Estate Trust Blrig., Phila.
New York Hoiton C'tiicuco
U7IIY baa no Investor v imi m don
of prtnrlpnl or lotrrrot on anr or.
rltr botucht ot H, W. Btrana A Co.? Wrlta
(or our booklal J-Q and learn tho ra
bx.
S. W. STRAUS & CO.
Block EachftniVfilda-,, rtttladilpM
rr
CUSTOMERS' MEN
coDunltlon bnalntaa In Stock Kirhnnin
atcnrttlao, rtanlrn aerrral adJItlonnl
ruatomeni' nun. Applicant muit aulx
nilt aatlafaetorr rrrartnen. flnlr hlah
elaao nan with client! considered.
Compensation commeminrato.
' II IIP. LKIMIKR OinCE
PENNA. MUNICIPALS
City of Coatcsville
Street Imp. 5s
April, 1931-51
Prices to yield 4.80r'r
County of York 3'2s
Nov., 1932
88 and Int. to ield 4.875
City of Williamsport
Ref. 32s
Oct., 1929
90 and Int. to yield 4.95(,c
Townsend Whelen & Co.
505 Chestnut SU
Mrmtwr N . tl I'blla. HtocU KichantM
S
1
1
2(1
7S
A
sn
24
101
no
n
2
1
1
1
I
8Sil 2 '
n8 1 RSH
US', 2 S4
l)B. 1 S8'i
PS". 1 . 68 4
n0 N T C Ti rcta
US 4 2 I'T
1(8 1 ttt4
fl8 B . t'f
d rcta i 1)04
103 4 A lll'i
lOJij 1 OO'A
103'-i N Tic Citit I L.
101Hi Shore 3,ia
tom 2 ocm
lf3i4 New Y N II
IMS H'd 4a 'BS
1031 2 40'i
103H N Y N l
10.1H HarldO
103 S4 4 M
103 '4 0 0
on "o
no 70
00 74
no 74
nn.-fl
no 70
00 74
no to
no 70
no 7N
no 70
nn 70
HO 7t)i
00.70
nn ;o
nn 70
no 78
on 78
no 70
nn to
ti
a
i
l
i
o 8
i
l
i
i
i
l
l
l
2
8
2
1 103 N York Stat
(loodyaar T al nw a 4Si
Ilub r 8' vl ' 2 SI
NEW YORK COFFEE MARKET
Nph Yorlt, May .'1 TIip local foft'co
ltittirt-s market rccms to liave gottPii
nonth
rombinatlon Fraitlon
Cracknrjack
Momondlleld II II
Klorence
(loldflflrt Cona
Goldflcld DcM'Iopinfiit
Ooldtlcld Deep
Olrcat llfnd
Jumbo Kxt
Kcanaa
I.one Star
Oro
Itml Hill-
Hllcr Pick
hliearh'-ad
.til
01
a:.
no
01
n.
02
0
111
02
into n rut nntl trading driiRK along from J'nthy iodo
tlLx" ;!!'?' with ? " fcatur" of "yiN"-3S "l"nd.
Kind ihis morning the rnnrRct opcnt'tl i siureai
i to 0 points liinhfr, with uo prossuie i T.Z'!,,'A .Mln,n,f
to m and bllMne nrrlorM vrrv llit.ll.wl ,V..1 l' . '-P!i
' IIUTL
there bt-lng two or three lots sold in the
oi'iiiuiiiui-r nnu .iarrii positions.
I.ate in the morning there had ben
no prire ehnnss and onl a few addi
tional hales
Aecortllng to Lnneiivillc, of Hnvre.
L MS'" visible Hiipplj on May 1 mm
0.(!.(KM) bngH. Fhowlnir n ilefreane for
the month of April of 147.000 bags
veit cloa
Misci:i.r.Ni:oL'ri
Amtaro 1 lit
'rliona Lnlttd no
Olpilonla 10
Kdc-n 10
I Krnma Sllir 02
I Kurka Cropsua 07
IlecU t 0d
4 oo
ot
12
.oj
m
I)',
ni
nk
n
00
JO
to
17
oo
ON
(IT
17
1 Ml
HI A
U
1J
lit
04
01
02
III
17
04
II',
0.1
IIO'-i
.04
111
18
III
03
IIJ
02
DJ
r
04
04
04
10
I
ni
02
o-i
oo ,
os
02
OOVi
IH
07
in
If,
0014
02
on
03
u
2
J"
111
00
4 2'
4 VI
you think ut all about pro
viding for the future tpf
those now dependent upon
you you will make your Will
now. You may change it
from time to time to rnept
changed conditions. Assure
yourself that your Estate will
be economically managed
and the interests of your bene
ficiaries safe-guarded by ap
pointing the
Northern
Trust Company
your Executor and Trustee.
Forty-nine years of ac
cumulated experience, a com
plete organization with mod
ern business methods, always
at your service.
Consult any of our officiajs
freely, at any time, without
cost to you.
I
A CHEMIST
ill Ti eara experlen.i a npcclal
lit In itnal Ileal and narnrcli work
la HlllliiK to pqult) n thoroughly
comiiltf laborntnr at hla own rx
nl'l, if ho can n aaurod nf thel
ntlro hTnlcal work of 2 or 3 con
'frnn whi hni neither the rarllltlen
nor the Mitume of work nrcraaary to
warrant the rmr'oment of their
ntiti cliemtat tlellabillty itml ac
curacy guaranteed Terma reaaon
able Aildrea
ll(l M 1132. I.KIXIKR OFFICr,
It
ui
1J
no
01
lulv
Hcptemher
December
Hid
' Vi7 rill
8 n5t)7
0 31 r7 17
0 83S7
Open
', 00
n 97
11 41 C 4
0 00 SU.
C'htcairo 11' n ft
Q 4a rec
1 00 CO
C II J. QU'jiw
1 0Q14
t nov,
j nai
chi . a w 4f
1 Ali
2 r.i
Ohlcauo Mil A
M I' il 48
1
4
i
14
8
Ti
f.
.1
1
I
1
3d Trunk rctf
I 101
1 101
1 100'4
Ot N R 7a l
101
101 '4
101 'A
101i
101".
101 S
101 '
101 V.
min
101s
101,
101
N Y Teln 414 a
1 80 W
1 80
1 81
N Ik Tele 0a
2 Oft i-,
2 00 C,
1 no 14
2
Liverpool Cotton
i.ireroool, .May 3 Ther
wn only
JO
New Y W C A
Iloat 4144
1 31'.
Nfk I nti
1 71
2 70
N k A W il i
7(H4
naVMh w u r ia
no. 1 1
J lUv i W III j3
2 t I a
Hend Hdicn 0a
2 100
llockc Vini
B 71
Iluil ti Mnn ta
3
Chic.
8tl
1
1
?w
08 Vi
SSi,
00
BS'l
58 4
oo
1)0
HO
Mil ft
'4Wa
04 '1
04'i
flONl
HO'.
00 S
00. I
aniHll demand fnp mnm ...,nn ... .. ...
VC)n".t"ldy on, ,i,,l" of " advance ,f
were 3000 balea The recalpn were 1000
bales. Includlns 1400 balei Amerlc.in Ku
turea were qulot in (he earl .1-nllnBn Hnot
!nn?M """I ,,-'nern.Hn middllnir fair,
i -in m'! 1 mM'l".nf Md '"llv miildilnir
8 -Id mlrldllnir 7 5d ion mlddllnK 11 ,Md
.ouil tir.inuij 1 .,! ni1 nrdinarj I lid
DIVIDENDS DECLARED
.-.,-V'""1 ,N"l"nal Ilank uf I'hIUd-ph
Mcrntnnnual of x tr ..., n....i.. ..i'
,0V, j to atpv-k of'rerord April 30
- ..1 rBlVr l lUnkeri f.hnrea
monthls of ihlrtj.fl e and onch-lf r,"i,
"or5 Mail's" P',1,b" June ' '" iU "
hunio'ok .Mills fiuarterj l ',0 nn pre
ferre. nd Jl r,0 n -omrnon inth pa?tde
.Mm 10 to nock of re. rd itn .' '"""'
iij-i-Mintii ta i',ik 1 ..ri.railun
Ma S
U. ner.n A.phalt l .luarterly of 1, wr
nfn'recnorlrd,"?M ,Ulb" JUne u "'
Penn National Declares Extra
The 1'enn Vhtlonnl Unnk has dermied 'he
rurular Ni-mlnnnuKl iliMdnnd of S per cent
vn'! " :x,r? 'i'J;nil of . per Lent 'pyab e
Jln .1 -u Mock of reroid Mav 01,1.
the mid dU dend paid by thli bnk
1 French Steel Merger Pending
I Hiahliutton, yt 2 The Department of'
I iiinmerie haa be, n adtlad bv Ita torn
I merclal nuenta abroad that three of thel
I largept French ateel corporatlona are nx
pected ta conaolidRte for the purr-one of In
crtaaine thrtt Induatrj a atrena-th The
principal compini of ihe n combination
1 la eald to be th- delete Anonyme dei Torcee
I et Aclerlel itj N'urd it fie l'Kit Hih eanlliil
of which la to N, lncr-aicd from 40 Oik) 000
tn Hi) OOO 000 frnnca rnd to borb the hold
lna of the Mnciote ilea Fore. at Aclerlee
du Xord et de l,orralne nnrl nt the lln.a
j MetHllurBlejue rje la llene Ijlre The n-n
compan will control an urn detnatn with
rqulvnlent euulpment fo- nn Hnnuiil pro
durtlnn of 4 000 Dun tout and nlao alx Inrse
Krench coal ciimnonli , i.n,i imnnrimi ft.i
a I cpoait m Hncland Ha well nu.cnk- cement
nnd bulldlnc mnterlnl inmminl.
mllla foundries and cast iuc plunn
rollirir
OS4
IIS'-.
ni.
1)8'.
lis',
' IIR'a
OS',
no
nH'i
IMI
nn
Vih
MK No n l'aclflc la
HO". 1 7.1 .
OOHIOregon 8 L )i
No Dividend by Adams Express
Nen ork Mm 1 -Dlncora of he
At ama nvprena r, h,, ,tb olute n , i,
tentlon of foil miiik he lead of Wells iaiBi
In declarlne a 1dml nu of the re en'
disbursement r- .., ,,i frcm mern an Hn
wli Express 11 uas stnl d Trad rs bid
Adams etot t n 7 io nts 1 1 new h sh
for th- present vfa" n th virenh of
1 nal sis of tin elueof th sto as a resu.t
of the cunioun s new it ti 'oni to-
perutlnjr eipr e impan
Ue LUXgW'
"Paint for Permanency"
What Guarantee Have You?
That tho Painter nnd Decorator on
jour Job la n scayoncd expert with
u reputation forp.i3t performances?
Thnt pura materials are uied iin4
applied to Ble best rmulti' Tell
us iour needs we can .'atlsfy.
tima'ca 'urnisneJ ivithcut obttffattan
T0RR-WILLIAMS CO., Inc.
Painting and Decorating
2007 Market Street
De Thone Snru 1 7033 Ph adelphla,. Ta..
1AI I . r
."0 to slock of re ord
POWER
PLINT
REPAIRS
Valve icata planed in position
and new valves furnished All
kinds of engine repairs.
I'linne I IKIt mil Main III
roLUMBIHGHEATtog
W WM.U.MAYBERfiYWj
U4WALNUT St S-''
: -i
BBINGASPECIA1
fl ns(inrIVr1iiiUtts-,C
V' ZI2-2iaS.OlARICNST.
Inrfirrrtr1ji)iUIti
212-222 S.DlARIEN ST.
JAMES fti. IRWIN & COn
LsUMBERS
Wall Boards Tar Roofing Paper
Ottlo
We Deliver ai'?"M
.. m Z. . -Jha TIME you want H
flomm Ymrd ' Kluhth m. i i,trard.i
lrnrd.isa
Hud & Man ini 1
1
14
31
37 '
7n
Packard Motor
Chlcafu Mil &
Str irm 4Vm
8 71
.IH Cr Co us
38 2 100
2 37T iooi;
0 . S8'i 8 100
10 .int. r.i nrt en 4SS
tl 88 1 80
1 .Ik's! 4 fiil,
8 , 3t Tl K im 4ViS I
3 8 8 .18 I 7 77
Chlrsno Mil t 111 Con 1 4s ftj 77
Str cv s 2 fiflv,, 77
1 4 I 1 70 ra H It d d'ns
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1680 HKAI. K8TATK TKU.ST 111,1)0.
lnvMilsiite nnd adjust corporutlon and
nurtnershlp areounts aud irere Income
Ta IU turns,
H. L. Smith & Co.
INVESTMENT SECURITIES
IBM l Tjlla BUf. 8trti WM
Chlcuso t, NthjIII Cent'l oit 4 11 M,
West 11 IH 3 88 n US1!
1 07 ' Jill C St 1. N 11 or 1,
1 H7 ,' O Jt lids 3s 03 ,
1 07J t 83 1 k if,.
8 OS Int Met 4s j nji4
1 OS 1 lTt. 1 tn4
Chi Hallw a 3s Intboro HTM1 2 , uji,
tl 34 S SOS. 2 , ni'.
1 lift". 1 DAS 1 115',
4 'IV, il SflS Penn II II 7s
Chlcano n I Id 2 BOS 8 lOO'i
& Vac fd 1 BtIV 1 'ini
2 tin's 1 ntiH1 2 ioo'i
1 iifis 1 mis a mil.
2 tins 1 uas 1 101
8 UT1, Int I Paper Ba j 101",
3 fit's 1 R3 Peoples Gas 1.
Chicago t'nlon I Jl Marina 0s a C Co Bs
Ma 4V,s 1 HIS 5 7.
1 ll'i I 81 H Phil Count) cv
I 11. 1 8li, 6 04
1 Chicago t nlon B 8 1U Public r.erlce
Ma ct IHi I)ua Cent I 4 C"n N J As
. 10JI4 1 40 1 05 V.
1 102 ,Jap Cuv't lat fleadinK Uv in
Chile Cop r flal B 8.1 n .77 4
6 71l, 3 fiS 1 77,
20 73S Jan 1,0) t 2nd j -74
Chile Cop r 7 ft 83 ft 771,
1 n 1 84 S rtep Chile, rets
n V3 3 IH ( nn
Chinese Uw Is 4 84 1 , 00
1 4n'(jap tlove't 4s 1 (ltl
CH of lltrcen B 117 ri (ill
8s rets 2 117 1 1 ii'i
1 nBMj IB 17Hl 1 nn
P USUI 1 HOW 1 on
2 PftSl I HUH Rock Ids.
j 0B, I flm Lout a 4i,s
City llsren 1 117 1 o
I 17 S is 07 U Bt I. li 8 K n
1 07HI 1 (17S 4 (IBS
2 P7S 4 074 1 .. (154
8 . . n7S Kan C 8 8a 2 . (la
Cty Oirls u 1 B3' Bt 1. a 8 K 1 1
1 00 S 2 85', (V . , 40',
IB 07 Kim C 4 II ti B 40t
Cltv Cop n BH 1 741, ,1 4u ',
2 74 '. K HelSlum ba j 4 Bl)
2 74'i 1 lift IB BO
2 74 V. 3 U5V. li flO
1 . .. 74U 2 H5H 1 . 40
City Mars s il. I OJ'i 1 , go
1 80V4 4 Oil 10 . B0
City Paris Us I 00 ! .... B0
I .... 98'i 7 . . 00 ft . 4H,
0 . . 88H 1 004 1 ... 80
BO .. 88 ti 3 OftS ft .... B0
1 . OBH B . DTH 2 . . 60
29 , 08 U B 07ii fit I, 4 B Tron
00 . 084 1 .07 Series A
28. D8U IB . OT 1 At
1 t)H K TtslCm 7'tsl 1 t
1 08H 1 00
Great Northern Railway Co.
General Mortgage 7 Gold Bonds
Non-Callable Due July 1, 1936
At market, to yield about 7.40
Net edrnings for the Great Northern hystem for the averape of the past 10'.
years was 3z times interest charge (exclusive of income from Burlington
stock or interest on bonds -ecured thereby).
Based on actual net earnings, for the very poor railroad year 1920. the Great
Northern was among the comparatively few Railroads which e estimate
earned its entire fixed charges for 1920 These bonds will not only be
secured by a direct mortgage on 7673 miles of the Great Northern System,
but will be further secured (by deposit with the Trustee of 7.2 shaies of
U, li. & Q. stock per $1,000 bond), by stock of the C. B. & Q. Railroad
Company, said stock having for an average of the last 10 years had earnings
applicable thereto of 1 6 8 a year
The following table shows name, maturity, callable feature and appiox.mate
yield of various high-grade 7 Railroad bonds.
Great Northern 7' due
Chicago & N. W. 7's
New York Central 7'
Atlantic Coait Line 7't "
Louisville & Nashrille 7't "
Penna. R. R. 7' "
Delaware & Hudson 7't "
1936 Nonmailable
1930 Non-callable
1930 Callable at 105
930 Callable at lrr premium
for each year to run
1930 Callable at l't premium
for each year to run
1930 Non-callable
1930 Non-callable
approximate yield 7.40''
" 7.00
" " 7.00"
" " 7.00' o
" 6.857c
" 6.85
" 6.85
BROOKE, STOKES & CO.
734 Fifteenth St., N. W.
Washington
Members Philadelphia Stock Exchange
itu south fifteenth Street
Philtt1o!ptiia
102 St Paul St.
Baltimore
Thii information and those statistics, while not guaran
teed, are obtained from sources wo believe to be reliable.
m
I
I