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EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, MAY 4, 1021
21
-fm'f0!,mym
Conditions Are Very Often
Wlmt We Make Them
If wo go around with a long face wc arc apt to create an atmos
phere of discontent and pessimism, which is not the attitude wo
should assume at this time, for business, like everything else,
is a matter of energy and cheerfulness. Wo believe that tho
conditions are right for an unusual development in this country,
that must result in the renaissance of activities which whllo
not reaching the heights of the past speculations will bo moro
durable and of more eventual profit.,
Wc arc prepared to render you banking service which is so essen
tial to the needs of business and we invite you to consult with
us, and you do not have to go out of your way to do it, for
Wc Arc in the Center of Things
Opposite Broad Street Station
Third
Organized 1863
T
NEW YORK BOND SALE'S
Summary of Individual Transactions on Now York Exchang
Artama Kp 4
1 RTK
Amu A 4 U fti
I . 1)2
Amn Smlfir &
Itaf'B Ss
i . ;n4
1 TflH
1 70H
21 . TflH
2 7fH4
1 -flU
Amn T A T ell
. 7B"4
1 . 7SH
4 . TSiJ
1 7S4
A T&T cv 4H
1 . 7'l
Amn TiTSi
1 . R2S
1 . 82S
2 . R2'4
a . S2S
1 .. S24
1 824
I (sate) 82
Amn T & T fls
2.. toon
Knit) lot
tFIALKS IN JtflOOl
City tlord x (Is
2 .. . S2i 2
Cty Onrli'H at ,1
1 07 1.
City Cop'n AH I M Marin fls
2 ... 74Vi 2. . . 82
1 7 I 2... . 82
2 . . 7tVi.Int'l rpr Ss
N Tk 4 1 . . . . t0
1. ..82 low Cent I As
C N Tk 4 "60: 1... . CSM
A..
n
101
. . 10OT4
.. 100
.. 100',
. 101
Arbor 4s
... Mi
Armour 4'4s
1 ... 70S
A . . 70'i
AT18 l 4s
1
08
Ann
t
n..
1
D7V4'
07H!
1
4.
3A
tint
stt'i
Ad
50
ao
A6
Jap Oov't lit
8..
8..
A.,
fl..
A..
84 V4
84 li
83 'i
84
8IH
84 'i
84 Vt
Jap Oov't 2nl
B 84i
2.1 . . 81'i
0 8'i
Jap Uove't 4s
1. ..
1 .. .
Atlantic
ct O'i
1. ..
a
1 . .
1
70 !
Uef'ar
1.. .. 81K
A 81 4
City i'arla 01
n 08U
1 08U
1... . 08U
ns'i
.1.. .. ORli
10 .. . 08'i
a . . osu
.1. .. 08'i
1 PR".
1... . OS'l
City TokloXS 2 07
1... . flO'4 1. . . 07
A .... 00 1 07
1 01 SO 07
City Zurich S 31 07
1 98 30 07 U
Colo & 8 IS' 2 07t
1 73T. 8... . 07S
1 74'i(Kanalia . M
8.. . . 74'.', nV 2nd
Columbia (Jas 1 80
ft t'.la 1st itaKiii C & f as
1... . M 2 AA'i
Cons'il Una Jsi 1 . . . 80
1 lOHijKan CAM ;.s
I . 101 i 2... . 7A;
N Tk Tata 0, 1
1 . . 91
Naw r W C
riott 4U
i .... son
A . 30',!
3 ..37
I.. 37
Nfk A Wn 4'
2. ... 7A'4
Kfk ti W cv fls
1 . . 101
1 101
Nth W II T 7a
08 Ti!
itnn
no
.08
99
00
99
09
119
08'.
08 .
99
98'i
A0"i
ao4
so.
A04
fiO'a
A0'4
At
At
Al
2. At
1A.. Al
M I. A H 1-tan
Serla A
2 .... fll'i
A
A
1
1
2 .
0
A
12..
2..
U K of O Hrlt
A I'd 1921
18.
1.
1.
St I.
. . . 01'.
. . 01 S
. ... 01
A a 1'ran
Series B
3 724
2 72'ii 4A.
A Kan U 48.
St I
3
0. .
20 .
2..
3
IS
-
8 .
A
2
11 .
ft.
0 .
u k of u tint
A I'd 1922
1 .... 864
A. 00 4
3 . . 1l4
90 4
904
. O0H
9SV.
on 71
90.11
!i II
99 11
I9 . 1 1
90 It
09 11
00 11
99.11
09.11
99 11
44
K I.
1
nt I'
I City 7a
A
A .. . 00".
nnsli; i of o nrit
A Slousi A I'd 1929
91 H
No'n I'acinc tif 1
0 7AV8ao
99 lean Antonm !
084 A 1' niy 4
... 03'
Caulo ot
Ilraill ct 81
1..
8.
A..
4 .
2.V.
A.
2A. .
1 .
A.
97
t 7Ai
Nth 8 l'wr As
0 78
Oregon n It A
Natl Co 4a
2 78'i
Orcion S I. A'
89
lOrir-Wn II Co
NalCo4t
1 . . 70;lSfab'd A 1. al
90
90'i
. 904
90
. 9IH4
90i
904
00 4
97 4UI K of II tlrlt
97 41 A I'd 1937
97 4
97 4
974
07 4
97 4
974
99 i
90 4
99 ,
90 ,
II 1 It A Ohio cv
1.
2
1
4
1.
1
A
1
1.
074
08
08 W
0S
88 V
C'ompi Tali n
Record's 0i
3 7J
Cuban Aintr n
Sugar 8a
2 ..
3
I...
1
1
1 ..
iCuban
12...
1004
100 4
100H
lOOH.
I00
100
C H cv,
. 8341
OSU 1 8S4
08 'Cuba ltd Co An
08'i 1 1... . 70
08'i 'Del A Hud c
08U 1.. .. 82
11 ft Ohio 34 S. . 814
1. .. 81 " pel A Ilud 7a,
Halt A Ohio 4s1 2.. . 100",
A ... 07'il 1.. 101
7 . . 08'i, Denmark con
1.
K C
. 70
Illy
. 714
Keokuk A U.4
Moines As
1 00
K Uelgium h
8... . 9A4
2 . . . 90
3 . .90
2 . . 0A
7 . .. 954
t . . 054
K Uele'm 7 4i
A 8i
07 4'
084
r. . 07 4
ftnl A Ohio As, 2 ...
1 094 Denmark
Halt A Ohio 0s ct B 8a
4 ... 89 I 2 . .
. 884 1
9. .. 89 n..
1 . . , 80 1 A
U & M P I. G 1
08S
98 4
984
Cun
98','
98S
98S'
984
984
98',
99
09
99
99 4
994
99
09
90
S.)4
99 4
99
9U
99 4
99
994
094
994
994
"ALWAYS COMMERCIAL'
PE.NN
National Bank
Philadelphia
Market and
Sovcnth Streets
F'-ouncieH 1828
jMmm
April 28th, 1921
Immediately Available
Cah and Reaerve $2,768,025.78
Exchange for Clearini; Houses 310,205.75
Due from Correspondents 323,380.85
Eligible Paper Discountable in Federal Reserve
Bank 8,584,759.84
U. S. Certificates: and Bondi 2.127,722.53
?"l7,144)94.75
Other Loan and Discounts t
Due within 30 days 1,498,357.56
Due 30 to 90 day 411,921.53
Due after 90 day 1,594,148.26
United State and other Bonds 1,239,631.06
Banking Houo 271,000.00
$19,159,153.76
LIABILITIES
Deposit $12,302,910.17
Dae Federal Reserro Bank 2,825,800.00
Circulation 141,300.00
Reserve (Unearned Interest) 100,464.61
Reserro (Taxes, etc.) 104,276.91
Capital Stock 1 ,000,000.00
Surplus and Profit 2,634,382.07
$19,159,153.76
M. G. BAKER, rrealnt W. B. WARD, cahlM
AMISTANT CiSTUnHS
n. c. nKnv.rn. r.. 11. deibs 11. n. roi.nr.wva
DIRECTORS
RAMur.r. p. HiiAHP kai.pit n. Noitrn nnwiN i m-no.v
wrSTnitnit Vu'i' ORKIJ.KT COMJ.VS IRVINO KOIIN
JOl'lN r. SToV." I'.TAN O. CIIAMlT.Kr. WILLIAM S. riLT.INO
ABHAM O. MOTr MF.LVIM.E C. BAKER 1VI1XIAM L. TCRXER
l)n it H O fn K tie.u'm n Is
99 4
994
99 4
09
994
90'i
09 U
094
994
994
994
99 i
l8
994
99 4
Den-
j . fit 2... 45 , 1
4 04 'Den It tl 4i 1ft
11 . t 3 . . 044' 1
Hell T 7' rets 2 . 0tl 14
1 103S f "4 2
2 1034Det Tun'l 44s 1
1 ... 1034 3 . . 70 , 1
11. . 103S 0. . 704 1
3 . 103V 2 .. . 70S, 1
I . 1034, 2 77
Hoth Steel 1st Dlat S Cp'ii Ai 1
t ... 00 I 2 .. 03V 2
I lldn Cop M il A 7041 ;,
1 814 Li" canaua iiii 1, . .
Dkn ridl Co 7a 1... . 0241 1 . .
1 ... 08V 2 . 024 Kingdom
Hush. Term 5a IDo Canada '31, mark ct Si
2 . . 744 2 . . 89 I 2. .. 994
Canadian N 7"! 2 . 89
Heab'd
1 ...
A. . 701. 1
rc Coast C As
3 .... 70
Packard Motor
Car Co Ha
1 . . 100 4
1.. . 1004 1
Pa Kit en 4 4aSeab'd
1.. . 70S 1
Pa n Kin 4 4 4. . .
1. . 704 15..
G 704 A.
Pinna It It Al A
1 . . 85Vi
ra U Il'd 04
1 0A
1.. . 93",
1 . . 054
1. ... 93M
1 95',
2 934
1 OS's
3 034
Tenna It It
32 4
. 324
. 324
A I. M
. 40
. 4"
. 40
a 1. esi
.4 n
. 491
. 494
. 40
A
20.
11
4..
1 .
1..
1 .
1
3.
804
8rt4
804
8rt4
804
8ns
804
804
U S Mexico U
1.
n
A
V H
A
A.
3t
314
. 344
Mexico Ai
. 104
404
4I14
40 4
404
,clota Val'y A
N E lat
" 73
Sinclair
Corp'n
I
101
1014
1014
101 li
101 4 '
101
494 ,U H Healty A
Impv t 35
1 .. . 804
3.. . 804
C Oil U 3 Itubb'r Aa
4 1 ... 70
934 1 3 . 79 4
934! 1 . .. 794
034i 1 .... 704
934 U 3 nub 7 4
984 3 . 100
934' I . 1004
934 7 1004
934 1 1004
93 4 2 1O0
9341 3 100
93 4 U it S Hteel 5s
934 2
1014'So'n Pacific Ml
1014 3 734
1014 2 7A4
1014 So'n Pacific l
101 ' 1 ... 094
101 ' 1 . 09,
lOt ,S'n I'ac cv 4V
784
Pitt Oin Chi A' 1
St I. a 6s ,So'n Pacini As
J. . . 88 4, 2 69 4
Heading Ry 4.Sn Tc Term'l
1... . 774 1. 70
2 774'3'n ltallw'a I
Rep Chile, rets! 2. . 374 Utah P A 1. 3e
95
9ft 4
95
954
954
954
95 4
95 4
95 4
94
05 4
954
93 4
05 ,
Philadelphia Markets
WIIHAT-necelpla. 171
kft 3r lower. Car Iota
No. 2 rv w Inter.
' rerl u Inter. ffarllrkl.
irrildei nlioted nt the
tilr- .Mlxoil heat Op under red
3 wheal 3c under No 2 N.
.503 buiel" Mar
In export reator
t1.H1ffl.no. N"
1 51 C 1 30. ""'
rotlOMinu nrii-i
Inter. p.
I wheat n'
nrwl Va 'J. 'n A wheat 11c under o
Hamnl" arenrdltiK to ouallij.
t rm' Iteielnt". 10I.2R0 l.inheli. Market
declined lr. Car Inte. In export lealor
No. " 7IHU7M. NO II il'l'ni.r, .".
7li704c . . . t.,.,1.
iiAT.l -Iteceipis 11 .i' uupii'-if. .in-.-
nulet and innrkel 4r lor r iota aa 10
oration No. 2 hlte 4H1J HI lie . "
wh te 8ri4c No 1 white. ll'i'M,;
I l)l It llie.pta. nno tbl ami 1 t;
37 lha. In aaidia Market dull and y'p,"
tu eel. The folluln are the nuotntinna
I'er 190 ha.. paekeii in 1 m-m. ju'e
naki-- Soft winter atraluht western "1 no
lilil.H,-.. do. do. nenrh 10 town no. naru
wlmer. atralBht J7.50WR do ehort patent.
J8.25fi8.AO. uprlnu llret clear. 10.2597; do.
patent. JS'B'S.AO, do ahnrt patent. jH.i.tTiii.
raticj aprinx anil city mma patent iamny
bmnds, tn.23VU.7A. Re flour. J8H.AH.
PltOVIHW.N'H Hteadv hut uulet. Quota
tloiia: n-af. In aet amoked and alr-drled
Ale beef, knucklea and tendern emoked and
a r-nr en. n'je, porK rnrnuv. jin. nama. n. i-
rurnl. lo'c 2.102lc. lo. t;lnnel looeo
.'24(y234c. do Ja em. ked 2l4S234e
hama. 1 lleii toniea 11c ricnic anouioerr
8 P cured. Iook 15' d . emoked. !'
bolllea. In pickle. oo ll'r. Ireavrnit tiacon
21c. lard I2Vi-
IlL'TTHR - Hteadv at late advance Quo-
tatlnna. Solld-paeked rreameri fanei. hlBh
aeorinir (toona, oyrlle. extn. aic. extra
flre 30W37c. 0rta 3'f!f 3.V, ec
onda, 2n,331c, ffatlUky, M?25r. aweet
cteamery. choice lo fane 4013 12c. filr
to eood 29S739C. fanc rrlnta Jobblns at 48
'oTillc. fair to choice 40WI7r.
KOCiS Quiet anil uckcr Quotatlona
Nearby flrata, 2n4c; current recelpta 2rtc
weatarn. extra flra'a 201204c Orati 234i.
aoulhern. 22V 23c. fancv eeierted Job
bin- at HOtt.lTr fair to coo.1 at 30W33;'
I Hnn.SIl -HtCHd at th, follow Ins .rinta
tlona New York whole milk. Oats, fancy
held 23c, do. fair to eood. held. 231?24c;
do. fancy, fresh. 19W2MC. do, common to
fair freeh, 171f18c. Ixinghnrn". frceh IHU
19c; alnitle Dalalea. held. 2Kd2Sc do. frh
lUW-'Oc. jobbing ;alea of fancy held Kooda
27 (a 28c.
I.IVD POULTRY- Pow la Panc. fat .V. 1
03IIC; exceptional Intt liluher. medium. 33i
.14i. Inferior. ftn'7.l'V .nrlnw hlluim
broilers, good oualltv nennlnK 1W14 Iba
apiece. 0tllT73ei sprlnit chlckena. Leahorna
welnhlnit 1M4 Ibn. apl.ee 4OW50c rooit
era, 1Riff20c, luck. white Peklnit S0O30i.
do. mixed colora. 25"92(ic. plgeona. pr pair
ooftnoc.
URHHSKD POULTRY -l-'owl. freh-klllrd
dry-picked. In boxea Yclghlnlt 15 lba
npiece. as-vc, wcigning 34 lha. a.iWJlic
welghlnir 3 Iba. apiece. .Ilfi 31c. Fow a
freah-kllled. In barrels, dry-picked weigh
Ing 405 lb uplece Icc-packcd. 374 c.
weighing 4'5T5 lha. apiece. Ice-parked. 37c
weighing 34 Iba.. 3IW3IV, weighing 3
pounda and under 31933c old rooatera, dr
picked, western. 21c, do. do, aoulhern. 22c
KIIU.SH I'Rl'ITS- Apples, per bbl.. 13 50
'17. Crangea. Klorltla per 1 ox. 1 1, 90 3 7.1, "i
do. Carllfo.iln, per bot. t2,85al3 70 llrape
trult. Florida, per box S2..M)Qn.4ii. Stniw
berries, pouthcrn. per nunrt 25fflSc
VEGKTAni.ns Whlto potutoea, in bulk
per cwt.. IDlVII. white potatoea, Fla . per
bbl. No I, 7 75 8 2... Vu. 2. 114511
aweet notatoea Jeraey p r 4 huh. baa.. No
1, J1.2AO1.0I), medium and No. 2. ti. aweet
potatoea, aoulhern. per hamper, No. 1 1 110
Jtl.73. No 2, noffOdc. cabbage, new, per
crate, J1.50SI.75 nnlon Texaa new per
crate, white tlrt:;, e'iow 11.2517 1 ha
Onlona. old per 100.1b a,n k 2"'t90c IS et
new, per bunch. 7i 10' Aparagu. fei
bunth. 2t(3i)c
AMERICAN
HIDE AND
LEATHER
Wc have some im
portant information
on this stock which we
will send to those in
terested. Atlt for a free copy of L. 20
J. F. McGOVERN & CO.
Mrmbr of Phlta. .Stock r.xrhange
1t30 South Penn So., I'hlla.
FnrTJr M10 Race 3092
New York 32 Ilroodtvar
Ordera executed In nil Mnrket
(iter fnal Direct Wire
Exampt from Federal
State and Municipal Taxes
Federal Land Bank
Bonds
3l du 1941 opt. 1931
100 4 int.
yielding 5 X
it dun 1938 opt. 1923
98'i ft Int.
yielding S.IO
48 due 1937 opt. 1922
92)4 4 Int.
yielding 5.18
Circular on request
Harris, Forbes & Co
Pine Street, Corner William
NEW YORK
PHILADELPHIA OFFICE
WIDENER BLDG.
RENT
THIS BUILDING
rAnTicuint v aiiaptru row
Banking & Brokeraeie House
stfft
W
1
1 1011 Dorn Itep'c 5s '
1 . lot's1 5 f"1 1
1 IOISi 2 .. . SO
1 . 101iDuo Lleht Us '
1 101U 1 .. . SS'.
4 . 101 ' 3 Sal,
1 . 101 ;' t ,. RHi,
1 ... 101 1' 1 fcsv
h , 101'i'Ka.at'n T Va &
1 .... 191 , eorl en
1 . 101 ' 1 1 SS.
Carolina t'lniU' 1
eS',
ct Ks
10
t- Ohio la IbrlBl.cni l.ien'KlnBJom
1 1 73'a 1.. .. l't y
' f tl l.enthei f.s 1 . . .. 41 i 11.
I 5 S34 f. . it'll I
1 . 89 . 2 . 4ll 2
I c tl t'aettlo 1st 1 4 1, 3 .
' 1 73 ! 1... 41V 1.
t'trro de l'asco 1 41
09 ;
00
!0T,
119
09 s;
Oil's
100
00'j
00 k
HO',
noi
100
Nor-
Copper 6s jKrle K It cv A
I
1
1
3
C &
I 2
O li
1
1
1 1
I 1
cn
1
1
r.
s
I
f K
1
s;i,
Erie It It cv I' Klni Swd'ti C
I . 82
109",
. 10S
IDS'. 1 . 41
. lOSUlErla Ily Co 4s
Ohio 4 Us' r. .. 33'i
,. 73 1. B3X.
7 5 l, Gene' 1 t:ieo ss
o cv 4'jsl 1 .. Ni'S
4
101 'i
101 'l
ini'4
101'
ill'.
101i
lOOS
2 ... 09
1 . 00 1
.'. . 90
2 00 I
3 . 00
4 00
1 . 09
2 . no
1 00
P.ep'e C 6" '01
1. . Sl'.i
Hock I'd A
I, oul' a 4'i
1 , . OSU
1 . OS'i
St I. In Mt &
S'n niy 4s
1 .. 701
3 . S7 1 .... "
Sn nallWa Ss t 70'i
3 . . . 62' V C Ohem tat
2. . . 63'4l 1 01'.4
Stand'd Oil of,Va C CI 7H
I Calf rcta t . 03
St I. I'n Mt ft'Tldewater ull
S'n ltly 3s Co ct il'a
1 . S3 '4 1 .
St 1. I M't ft 8 t
R t G dl 4
1024 1 2'i
1021 1 02
. . 102'. Va UallWa 3n
.. 102S 1 .. S24
102's 2 . . Hi
. 102 .Wabash It tsl
102 I .. 60
. lOJVWeafn M' 4
1024 2 . . 33'.
102'v West Shore 4
Tei & I'ac t.t I 70";
1 . 70 We n Union 4
3..
1
I.
1
r.
t
1.
1.
1..
0..
1
82 '
82 'i
e2'i
S2
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1 hi II
1
1 li
r.
13
r,
3
ft
70
70
70
70
70
70 !
cv :.
82 Ti!
. 83V4
83'i
83 '4.
83 I
33
. .19 '
H 0 Kin
Oer.e I Klrc Us I.Hka Shorn M
4 Q Is
00.80
. no. SO'
00.78
no. so
1 . .
1 .
1..
Gov' l
4
1
1 ..
S n Is ".'3.
t 83
Lake Shore It
S'n 4s '31
1 . 82H
LehlKh VI 4b
1 . 09U
I. VI loal 3s
aril
(is
99 ,
00'i
00 t
It tia
08
08 4
OS'i
99S
08i
8S4iLorill
HS, 1 M4
9Sitiu L Nasli 4a
US. j. CO
!iH Lou i. Na'li Ts
9SN, 1 33
OK'.iMun 17 4 rt
08 4 3 33 '
ns.IJUnltnb Sw
n8.l W, ftn
0S' 1 . 3
OSI.iMex ret 8 wl
5
St I.
1 .
1
SI I.
1
r
1 .
3 .
1..
I
1
t .
t. s
r-i
K aj
03 n
0.1 K
03',
03',
K In
30",
30 S
Union I'ac cv
I. . . 83',
20 . . . VI .
3 83'
Union I'ac fd
3 . 73 ,
Union Tac 4a
12 .. 81
1. .80 4
0. . 804
3 ftl'
W Union 4'
03', 1 . SO
03 4 W & K Mfa- 7
RAILROAD EARNINGS
ItOtK ISLAND
10:
READING
RAILROAD
Indications arc that tho seg
regation plan will be fa
vorable to the Common
Stockholders.
Recent developments in
this issuo arc shown in our
special loner. Sent free on
cqucst.
AmU forE. R. 11
RK.CrUTHRIE&CO.
Min)e'a I'hlla. Stock t:ichan
1418 S. Penn Square
SUITE 300
0767 ItACE 32T
Wires to A'rto York
Ssfelr Stability Hi(a Return
-ITf'B
nva'e
-March irros
Net oner. Inrome
Threo months' sroaa
Net opor Income
til i'.0 J
1 831.014
3J stT.uns
2 101.477
Im reae
Jt.438.12.-.
I S'Jil 1311
S43,sn '
1.12II.H3II
tfes
ATCIIIhO.V TOPCKA AM) SANTA
Sr.STKM
Marrh pross JIKJH1172 M112 2u
Net oper Iniome 1831.738 22S 2llS
Threo nrurths tiroes S3 482.973 S 1 I0,rnls
Net oper Income 1 197, 0H1 12.460 071
Decreaeo.
'17 " niiiiiiiiiiimu
Oni, Union rac lis
r.ot, 1... 00 ,
Union lank u
Comp'y 7a
1O0
30 'n
304
30 4
30 4
03 "4
00
09 '4
on--.
:i9
09 .
09'1.
(ion
09',
09',
no '4
00',
09 'a
W.lson Co lat
1 88
1 SS
IN Y
Investment
Bonds
Welsh Brothers
028 CHKsrmjr Srniaer'
Philadelphia
I.ombard 1341
..l.., ...
1st ! ..
1st lH.
LM 4lS..
Jill !..
ith -Wis
Vic Nntt'i ISiS. .
Vic Notes -l:,i a . .
Libert'
Liberty
Liberty
Liberty
Liberty
Liberty
llUh
SS.fii
, JsT.IWI
, 87.71
. S7.40
. DO.Cill
.S7.."r;i
, JlS.lK)
, 1)8.01
1,0
MS.bO
S7.I50
.S7.5I!
S7.!tl
'.10.52
87. 1'J
07.nr.
07.UK
. time'
I 13
p in
S7.0U
87 70
s7 ;ti:
!io. Co
S7.40
US.O'J
GEO. A. HUHN & SONS
STOCKS AND IIONDS
Membera of the I'ullaileliililn, Sen
Votk and C'blcaco block Kiihunsea
New ork Cotton Uxchania
Commission Order Executed la
All the Principal Market
Liberty Bond Bought and Sold
llellesue Court Will., Ills Walnut m
N. V.. HI HroadwoT. Atlantio t'll.
Ambassador Hotel.
A Recognized Utility
(Toner nnil I.Uhti
Bond Secured Gold Notes
(short nnil loniMfrm nnitiirltlral
Knrninca 3 3-10 'lmes Interest
cliarKea, first tiuarter 1921 43
net Incrcnse Security composed
entirely of bond?
Net yield about 8l2
Circular T S 01 requctt
Fairman & Company
Drexel Building, Phila.
r.Milbllnllrd 00'i
A. H. Bickmore & Co.
Ill Broadway, Now York
ttrnin s mil 1111 iiifr
Over 21,000
Holders of Record
Cities Service
Company
Cumulative Preferred Stock
to Return 8
Cttlea Service Company in
the year 1020 further estab
lished Itself as n leader In
the petroleum, gaa and elec
tric industries Progress of
the company during the
past year described In an
nual report just issued
Preferred dividend require
ments earned several times
ever
Complete details on request
Axk for Circular P
Henry L. Doherty
& Company
60 Morris Buildinj;
Philadelphia, Pa.
Telephone: I.oeut 1110
giEgr fc5
1522 Walnut St.
22x130
latst improvements throiuhqut.
VTj'i least either first or sacond floor,
or entlra bulldlni.
Fortbrr Information Aprlr ta
Heymann & Bro.
Widcncr Bldg.
Condition at the Close of Businci
April 28th. 1921
RESOURCES
Loan and lnvastmtots . . 16, 747,213.20
United States Bonds ... . 386,000.00
United State Bonds to it-
cur Circulation 150,000.00
united States Treasury Cer
tificates
Customers Liabilities
Letters of Credit
Due from Bank . . .
Cash and Reserve .
Under
101.000.00 '
601.02
310,190.34
749.329.70
Mureiy Bonds of Kverv Derrtptlon ,
Fidelity and Deposit Company 1
of Maryland
Connelly, Schwefler &. Bryan
lhl'adelphia Branch Manaeera
iikik wnir.M'.rt iirn.iiiNr.
Shall
I Build
Now?
$8,453,235.16
LIABILITIES
Capital Stock ... . $280,000.00
Surplus and Net Profit 906,342.21
Circulation . . 136,000.00
Dill Parable With Federal
Rerva Bank 150,000.00
United States Treasury Cer
tificates Borrowed 55,000.00
Liability on Letter ot Credit 501.92
Reserved for Taxes 40,000.00
Deposit 6.882,891.03
$8,453,235.16
FRANK ADSHEAD, Cahier.
NEWBURGER,
HENDERSON &L0EB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
iaswiwffgj;
lilsalc) 00.781
1 .. 00.70
P0.7HI
ft. 89.11
(' II i. Q O'wl
0.78'O Switi'd ictsi ft . . OS'j
' .t 103.. 14 OS's
10ml u us.
1031,, 3 OS'-i
10.1 I 3 OS'-i
fill SO
00 7
rJ
h ' i1tricSbiiLSiirCr'
THEmost competent judgebof a bank's
status arc those engaged in the bank'
ing business. The high opinion of this
institution held by bankers everywhere
is the best indication of its standing.
Central National Bank
of Philadelphia
Chestnut Street at Fifth
Capital Si.oco.coo Surfiluj and UndnlJcd Proits Earned $4,400,000
iL
Morris Brothers Co.
Rtiib11hed IMS
Bonds for Investment
Municipal and Corporation
1421 Chestnut Street
I Metropolitan Ktlison Tih, 1922
I Public St-rvlco N. J. 7h, 1922
I Philn. Sub. Can & Eire. 5h.- I960
Km 1 re (ins & Purl Gs. 192G
Shaffer Oil & lief, (is, 1929
BAUER, STARR & CO.
Land Title IlulldliiK, I'bllndrlnliU
Nw York OOlrr, S llettor Hlrtet
XJIrfcl Private Telcpiouij bet, Offle$
PON
tlllVJi
an '4' r
noi! li
. 90',, 4
004 7
1 r, 111 ct n
, r.s 'ilnortjear
103''Mlch Ct'l 3H
103! 1... 00
103W Midi Tel 3s
10341 1 . S7
103'i MM S & Or 5a
1034 1. . TT
10S, Mil Has Co 4s
10.14 t . M
101 'mu. Ht ' r'l
101 a !!
V A 1 10
1 . 07 4
Chi A Katn In
Crt Mtg ct fts
1 674
Chi Krle 1st
2 70'i1
Oil l w '
1 . SI'i
cm mu I'wti
Hound 4s
4 . I'-l
Ulilcaiu Mil 41
SI T d 4a
r, no !
1 .. r.o'
ttilcacu Mil 4
St P 4s '25 I
1 734
Chicaco Mil A I
SIP c4 4 !
1 . 05
0 . 054
1 . 05 4 1
V . . 05 S
t'llllMKIi Mil &i
MP cm 4 4
r, 71 5
5 73 4, Ud
Oil A Nwn im 11
1 . . 75 I a
t'hlcago It Nth. J
Wesfn 04 ' 4
1 . OR 1
Chicago & MtV 1
Weil n
I
Ilub'r Ss
3
1
I.
5
1
HI
4
wl Mill 8t P
101 -S Slo M 4
10IS' 8.. . 7S4
1014' . . .. 7S,
10t4 1 . . 7R4
1014 0 . 7S4
lOlVMtn St P h
10t4 Ste -M alt 4s
1014' t SO
1014 Mo Pacific 4s
101'
101 'a I
1014
1014
1014
1014
1014
101S
53 H
514 I
53 4 I
53 4 I
53 4
53
53 4
53".
1 101 Mont a P'r 5
I . lilt 4 1 S
1 . 1014 Nil Tuba I n 5s
2 1014 5 S
I 101 , 6 8S
1 10m Sew Or Tex &
5 IMS Mexico 5s
. 1014 1 574
101 4 'N V t'nfl 34s
1014 1
Trunk rets N V
101
ioo;i
1014,
1014'
1014
10141
t Nth lll lii
lOS, 5 704'
riiiiai it rid at n
A Pac fd 10
4 ... 07 4 1
1 . . 07 4 J
3 . 07 4 Hul
c m 1. 1 P J" 11 .
I.. . 054 2
Chicago Vnloiij 7
.Sin 14 s 2
I . SI
Chicago Vnloo
Hi a ct 04
5 ... 10
I
Chi t V 1 0s
1 101
C A V 1 7 4'
I 93
fhll Cop'r n
1 73 4 5 n'a
Chit Cop'r III ten I 4s '52
I .04 4 I 704
Chliteso Oil 5s 111 L'on'l 4 '53
404 1 nnt
1 46 Inrtl'a Sleel 5s
City of Uerni 3 004
6a rcta Int Met 4 Ha
00 V
cent I 0s
. suu
. S4
. SS4
. SS4
8S4
SS4
. . S4
S4
It 7a wl 1 SH4
00s N V v." 7a rcta
tiflV, I . 100
004 1 If't
Man fd t.. . 00 4
Oil". 1 00 4
00 4 1 I 00 4
110 4 I .00 4
00 V.N Tk Cent' I t.
004 Shore 3 4
004 1. . 00 4
0rt4 ' I ... ill
Man InJN V Connect'e
34 It It 44s
34 2.. 70
1 (sjle) 3S4 N Y Ok Is
0 . . 3S4 1 07 '4
2K BH 4 New V N II
II 4 Ot 'SO
SECURITIES AT AUCTION
Tliot follow inc hcruntio ucip ,-ild
auclioti toilny by Harm". t I.otlaiid'
I STOCKS
f-h-n !
I 111 lnuranie Co nt Nor'li Vine-i-a .0
j 0" I elugh Coal and NaxlKHtlon i v ''
I K Ouaraniee IVust Co cf tlar'i
ity -S'. J :i
I 40 Valley National HanK of l.el,
anon. Pa. ...
I UlntrrMale Hailuaa prrf.
I 10 Philadelphia National Hank.
1 7 Land Title and Trurt t'o
4 rrovldent Life und Trust Co
25 1'hlladelphla Co, for (Juarante
Ing Mortizages ...
1 Franklin Trust Co
10 L'iiIoh Sate DeViosIt Hank of
Pottavllle. ra
I Inauranco Co. State of Pennsl-
anla
7 Delaware DIlston Canal in
1 Philadelphia and Camden ferr
Co , ..
: I'lliabeth and Trenton Ilailroad
Co. com .
I Elizabeth and Ir-nton Rmlro.il
Co . pref
id Panltary Co of Aiismk m pi'f
2n 'I hlrteenth ami Ilftcenth Streets
Passenger nalla
5 Morrla Ilan
llOND.s
15000 Penn Central Light and Powe
Co. 3 per cent, first and It
, funding mortCHue Uu" lo.ln
.IOini V mted. States Third I.lbe--t
., . ,,0n " lcr "nt. due ldjs
lOOiiJapunese lloernmeiu 14 nn
tent, due 1023
400 Springfield Water Cu 5 per cur
conaollilaleil mortgage ,)u
3'iOO'Vilniiiiatoii"anii'( h'ster Ti
Hon Co 0 per rent lollat
' eral rut extended inoriga.
ilue 1023 .
.mi Central District Telephone Co
3ueT"043r"U.flr."t "10r,E"
500 Snarthmore Ciiautauqua Aasn
elation. 0 per cpnt llrst
,., '"ortgage, due 11130
lOOOHed ciou.1 Steamship Co 7
rent, due 1022
1000 l'nlte.1 states Kojrth I ilri
JOiOlnlteit states Fourth I. beriv
loin 44 per ceir. duo loas
.iii'O Hale A. Kllburn Corporation
(1 per cent first mortgage due iikid
tit
II
0
1
Ilud
3 . 40
a . 40
I 30 4
New V N II
llart'd 0s
I 50t,
50 4
.1 .. 054. 1 1T4IN Tk IIW) 4
1 054 0 174 S .... 204
CilV nnie hVlntboro It T fdN Y Ity U
Vt,,... 074 6 09U a'i
HI
I
317
IMi
30J
120',
175
50
M1:
33
100',
'In
"i
004
S34
02'.
04
no
.19
S74
S74
07
r Iteriiminriiil for Im eMinent
Penna. Water & Power Co.
Stock yield 8.05
Tree of Hlu'te nnil 1'rilernl .Nnrninl
Income Tai,
JosepKW.Gross aCa
1421 Chestnut St.
Correspondent Alii red A Cnmp.inr
C. S. PATTON & 007
SD A CHESTNUT HTS.
BANKEKS
... Ji?c reasons in
KAII.EIt 6Ti;VENS0V
Ponds and Ntoek bought and sold
.. t ". rommlaslon
""nli-r. rhtla. HlnrW -lia..
A Record of
Investments
can be kept in a most conveni
ent way by the use of our
specially prepared loose-leaf
folder. These folders contain
detachable sheets, properly
marked and spaced for keeping
complete information regard
ing all income-producing prop
erty bonds, stocks, mortgages
and real estate time pur
chased, price paid, income
therp'-om, etc. There arc also
sheets for keeping records per
taining to all forms of insur
ance. A t'"i)i pUmentary folder will
be e"nl to any investor
on request
A. B. Leach & Co., Inc.
Investment Securities
115 South Fourth St.
The long postponed drop in steel
prices has come.
Building material costs are down
27f from last year's high.
Should you build now or wait for
n uic uuiuuuy ui luiuicf aaviiiua.
v A
Babsons Reports
"Ar t?nfr Itamfneler T f fmr nmlin.. -hJ
coming condition for you. With this
inJormation every person comtemplat
in a industrial, residential or invest
ment building can tee u hat's ahead
in the buUdinct industry and govern
himself accordingly.
REPORT ON REQUEST
This Barometer I-etter and bookie'
livreaung Xrt PiottU" 19 available
tir distribution to interested execu
tives, gratis
Tear otit the Memo-ww-nd hand
It to yoiir jecretary whtn you dictate
the morning' mail.
Mttrly Atb lor Bulletin 34 R 0
Roger W. Babson's
Statistical Organization
Wellcsley Hilli, 82, Man.
(Suburb of Boston)
Ia Larjut OrgtnuaNtn Caaraeter
Tta
Leading
Copper Stocks
American Smelting
Ray Consolidated
Kennecott Copper
Anaconda Copper
Utah Copper
i (A. yrrU
W4UMIIII.IIIII.I
NEW YORK COFFEE MARKET
New York. Mnj ( -Tho roflrp
futiircK tunrket wa vrr.v iiuict nt Hip
start this mornine. Rhov.iiig a not tlcolliio
nf onn point f,, ffl(.c f thc am(),t
unprproilontpill.v lif.tvv rivipis for thi.
Ilini' of tho jcar. Hip Ini'al inarKrl Is
Innknl tipnn ns linliling Prr stcatlt.
duo. in a largo mcasu'o, to iho low
prlcos now ruling In 1I10 rotitrnn
ninilM't.
With only ono point out. the ex.
rhnngfl iimkos the wnrld'a isitilo nup.
ply of cnffi'P on Ma 1 a, S.llM.lK".
bags, elinnlne r ilooroaso for tho niontli
of April of 17-1.0:10 bagv
SolliiiK nnlcrs. nnil a fow inn ing or
.pr. fniti oasilj aihaniTil priors
nlmrtly aftor Iho call, ,Iuh .011;,, to
ll.l.'ir ami Sopti'inlirr to I! .".'io. S, pnmis
nlioto Initial tlguroa ami about 7 points
nliotn tho previous closing tignroN.
r, . N T
1 nvinui
CIO,.
B 71 l 7
n iifliitn
n tdKrlS
6 83993
Ilrlilrnds
NOItrilM rTniN"NTION xi HXNK
I'n luila.phla I'a 'i, ,) it, M
lh I.rct.ra lin.e thla .In. tl . ,nrl
srmlannu.il dlildrnil nf i-ljla (ai iT ,..,
irto ! M hioka mil b" in ml
! INFOItD C vicr. 1 a-hK.
CUSTOMERS' MEN
I arar limUrniea ronrrni doliiK klricllr
rnnimliilon liuilns in toI( Krhanrr
ii'iirlllr rniiilrra rvfrul aildlllonul
ruttomrri' mm plliniita rmikt ul
inlt . ilUf.irtorf rrfrrrnrc", (Inlr hlch
ilass nifii vilth rllrntrlr ronsldrrril.
Compriis iltiiti 1 ommrnauratr
11 i in 1 1. 1xir.1t tir riri:
apOHo-e
MmiiMiutfiittri
Memo
For Your
Secretary
Pa tii 'ii "!t, 1 atia ir-ga 1 t
' It ' f. Mas a t , , ,
,-ip- a Hu .at .1 rSTSSWTtT V,
: 'IrA
MltUlintllltllUIIIIIIII,ll.H, ,..,!
Analyzed 'n t .pi' 1' i n . ir ngothar
Ith a reit of 'iti ,ml 1 r Ask for
a fre copj
BOUREAU & EVANS
ii !t-s l"n a'.'r , h ,, . , . rrltangt
130 South 15th Street
Philadelphia
' sl! r H)t
Wrst rhlla linln
t'h'jnt If
.MM ntreet
i '3
Mat
.1 U I v
Hptambr
Ii-a nrh.r
nii
Opfn
n Of, ft nn
)l.4D0.1ll
fl 0 1 fi oil
Tim
11 nn
a m
7.1
H nn
n 1,1
Australia to Prohibit Wool Exporta
NyUnry. Austmlla. May 4. Tha federal
anvrrnmrnt nropo.as to prohlht ths mort
of vronl for sis; months, unlms It la sold at
a minimum of eight ptne pr pound.
FOR THOSE WHO READ FOR PROFIT
BARRON'S
-IE NEW
National Financial Weekly
L'ditetl bi C Hit, run, ,,i . )all Slicct Jonrxnl.
flonlon .Vcu s Hi.icmi, I', iliirlilphia Wu.t llurcun
Author ot "War Finance," "Pcn,r Finance," "The Audncmui
"The Mexican i'rubhm," "The Fcihrcil Reverie Act," etc.
Unr,
EVERY MONDAY
FIRST NUMBER
MAY NINTH
Hl'HM U1PT1UN Tf.S IMH. I, ,111.x. ,x n:ii
Editorial OITlco - - 41 Broad St., New York
Subscription may also bn sent to
Philadelphia Office - - - 436 Sansom St.
J
A Spruce 8200 I
Particularly
Liberty Bonds
Victory Notes
Treasury Certificates
We are llc to give isn
immrdiatr net price on
any nmotint
Uoucht Sold Quoted
ircf I'RiTir.s iirrxr.rMr.vr
commercial trust
Company
llfmhfr t'ril'r.il llf.tri. ,t,m
City Hall Sunie Weil
TRUST COMPANY, BANK
or Other INSTITUTION
lint n'i ! lllHiihu fur nn
isx 1 i trsi spi.i ixi.i,r
!
' "Inasa
I I M,
11 I 'II II IM I It III I If i
Conservative Investments
(VlaclYtcekin & Willianna.i
mm vu an
llruiU-f. I'lill
II X. U M
Uu hmrt I-iiImiis
M IflMIMIII I ( ( I M l. hXI I l AS
t - l 1 r 1' llllll-
.. ,'eu hi ' 1 j 11 t
a rt-ii 'I a "I iHiast 'ill rl US'
aLill'y Htala full tiaat ..iin ttzvc aif
and rfffrnrs. '.
Amrrlraji AsUsto Co,, 4urrJslun. Til 1
1
it
r"
&,1