--v-fur'
"r"
EVENING PUBLIC LEDGER PHILADELPHIA, THURSDAY, MAY 5, 1921
v
18
r
,'
K
s
i
e
ft.
Service and Stability
Safely
and Wisely
!(
S SOAR IN
UGYANT HE
I
handlmir an estate de
mands cNppi loiioc and ca'ds
for the r-oluiiK of problems
that one should hesitate
about leading to tho (iiseru
tir i of an individual.
Thi O'mpanv operates
perpetually, is tirvor srk.
i- never too busy und
iivci- tikes a laeation. It
ha no .elfish inteiests and
io nhselutoly impartial.
Oui oinVers are alway.-t nt
haul to n'fpt evnry re?pon
fbi ", nrd liar bo onn-con-t'j'.trd
at n.'iv tune.
Integrity
Trust Company
Fourth and Green Streets
1 NEW YORK STOCK EXCHANGE TRANSACTIONS"! i
New York
Curb I
"...-
2 Surplus fi Profit
jcxansiuBinemaBVzri
S500.OO0
SI 760 000
yannmli'jtimMH
"- I.
'In.1
tStHWRS'
m tasini
aft 5?
UK
State of Sao Faulo
External 5s. Due 1957
A Direct Obligation of the
State
Yield with Sterling at J.95
S.-tOV
Yield with Sterling at
normal 10 23 -
Profit if Redeemed
With Sterling at 3.95 60r-
With Sterling normal 1 05''
Price, $47 per
500-Franc, cr 19.16,
Piece
BATTLES & CO.
! ihWTO
rj! Independenri-
StfeWMiWrMM
qtiare Haiti
IT
Tax Free in Ptntti
$25,000
Pittsburgh, McKeesport
& Youghiogheny 1st 6s
July. 1932
Price to Yield 5.75;
get
;o,
Speculative Blaze Stirred Up by
Cut in Federal Reserve
Rediscount R.ite
1 Nth- Ynrlt. Mtv f! The oorf-ttuctiv
tnri "i ro given i 'enevve.l "iipplv
f h ill'h nmmiinition In t'-nlnv' -t'vl.
inn-ket in tli announcement of the re
dn. titin i.f the New rk lVdirnl He
verve BnnV rfilivcmiut rate from 7 to
li'j p.T i out Tli t'ttoct "f till V-
i'lctien .r 'uailr (lie nmrc imports" j
mw iuvisriiiiig 10 its Influence bv in ,
n "t tl,c r'mark In rcrctar.v .Mellfn
' !iv that tt reflected u tcuibui.v to
Jir'! rel'iv-inon in rirtiroitint rati-? m
oer rprv -Iirnr In ml'liUon. tin
-forotatv aid tinuucial conditions over
'- iciniin apprirrrt to ho very much
1 ';t that m icli cmld uot l.o .-lid for th
nni'i-tnl nfnnnn MVith busine-.-,
"k be sud. "the hanks have not n
Mn 'ii rcn nr mouej , as (Ikv arc lift
t-n "g t n inv leans and mono con
v, ',i. .!, . r,..f a tipht n it af."
"' ' "f '" : it ii.nl Intei p'ot.Hion
"f the " "ii"i"n. m that it fur''
l,fMw; , p.irtiii'h" Int'irs doti of
'i ' t) ' . w ii li j .n i hrVl unit
i opTat:.u in T'".iroiiit for over u
'ir To nibrr " :'!- if )r. lnonP
'.up u"''J''d for b'.lnrt. th"rr would h
' i' 'TKh nore le'- lii'iiii for fnok
I'larK1-' H'-comniodation- Tin-, per
'iji o .oic-uliat of nti "Mrurapanf
poir f vkh bur on .ill -tr- n a
(i !, adm:ttrd as u di-fiii"t l;n
n 'ir.l tmanrlj! str.iin
FolieviMp . onlv it it did on thr
h- .if ;. wni" red iefioii by tli
' v.'tti f-titii StncJ 'orporanon. It
. po' soiip-i'.ius the ipActil.irM b!az,
.i :'.i b utirrd .p n;a"i. aud mm
t1 .-...' ion C f good 'adrM:ip in tlif
r.i - and tlif -t 1 ,- i-. there va .
i pro"0.jf. r,I 'M-oldiTlDC of dealings
iron the cry outset
There wa irtiiallv no in-erruptton
ii,e -o,.ri)i jiidn,,., 0 j,r!, r, d inng
' forniiis, vith t run-a -tion on n
"'aie o "t i more than J ,rw,iVi(1 .hare
f-r the full e5ion. Kiil leinuicd the
doniimnt features', the fornotd -"ing in
"i i -'i diviiion being nreernte.i b n
sroing confident belief of art earli and
fnvirHble deonion hv the vir bibor
bt.ird oa he wai-e o,ue.tion. As a r...if
ti'r of faot ther? wore reports n the
"rft o the effect that the rn-' a
ir.iocs !-ad pra.i-a"y agreed to rd'.c
f n.- frenj is ro J0 per eea
In the ml njoenient the '-neape;- oi
'le.-ulatire torLs attained the ,-r'.!er
prininenee in which many gainf of 1
f J points ere registers.) Tbc cove
rent. aoecr. eiiDrac'd the rprir
jre'ip. ,t!i in'cr'f -hiftinc nro ,r;
lai-l-dn: to thr reprentatlvp dn.iien.l
paer of irhjr'. Trading continued the
coi': :ous lecder
' A t me firne the oi!. motor.-.
-'nK riipmer.t mid shipping share.-
(on'r-b'.ted their proportions to the
Ian"'- deal.ne-. a cams of 1 to almoM
I poitus. In the steel group I'mted States
S;. 1 attra.-ted ionsu!( rable attention,
be'ug stei.h iii-i'iitQ'ihtrd. rising :.boe
ne !ajh"st quotation for the ear to
tl e n oral renlirj'i
-.lies
rapidly .idnncin'
da
P' re
U-T.2 t out Lit f
;! -. ' iaar!.ct retamM a tone of
C1 lei siren-th, Som- rei-essir.u- oc
curred aui ng rhi v.irious le.idrr0. but
".heu tii- p.vifif -taking began to sda -Uen
tn-'i jdvunce ss't n which ia:ned
. rui-cer of t ra'lruad viiare and
r . rejp oils aboe tin- top pries of
1. 'aur'i'r.
. IVnn'y'.aa'j fn'ured the railroad
g-o-p m ,i t.r'!'- r - to .'io1-... I.higli
'j.e on srul.i-r ':au-action!! crosserj
"1 -ird I.eh'gh Nftugation wn- arm
j' r7
I" -. r:c f-torage p,at'i rv uas on'y one
o t' i.si: il tivrnte. f.uMng t,, (.t
i i"i line .:tr- t..u(.hiu5 lltT5, it fell
a '" l iii i: i r. un Mr rc ua- frai -'...-.j!!j
b'sVr at '0.
i.n.)UUi-ea'.-nt vl tti ga.ag of the
r'-cre law r pealer by (ioertior
-pre il imp wed additi..uar -.iiengtn to
I e iils. in fact the entire market,
:a f . :il ' irs nf th" trading.
, D-i ling- . ,, f.ened m tl . ia.st hour.
i 1 u' i,'a ',.i r- uiiiiiipnirnl Invest-
ir-in-,., Tr;, r..,. ,... -,. 1'r','n' rB. ' . . i.o"d then p, -ition with
w-.f....... ..-,. . ...... . ..-Uuinp ,t t
Real Estate Truit Bldg., Pbila.
Boston Chioaso New York
Walnut 1605 Eaco 1271
loan
4tV
300
inn
too
nn)
noo
3109
100
?30
oV
10.1
too
HOD
(.'00
U0Q3
una
vtoo
VOil
too
:oo
tnoo
jfili)
I0O
ion
Unofi
noo
ntnn
10.1
loom
t:oo
mo
inn
MOO
7101
.Mil)
(00
nno
im
-.'son
i.tnoo
,i?nn
70S
'.Kin
on
e.M
.von
Ain
Kis'lO
no
icon
is:o
3iion
ion
"n n s
T.00
13711
son
aoo
aon
ion
400
..no
son
lsoo
onn
loon
a no
coo
inn
12700
300
ntioo
inno
r,no
.M'lO
4A0O
-.on
tnn
inn
:?.-. i
t.SJO
l?nn
11000
toon
ton
1II0J
juo
ion
300
inn
4100
;oo
.-too
300
730
too
.'00
100
4300
1.100
300
300
100
'J 00
300
snoo
1100
.mo
4'. ")0
100
till
Ml I
. Adams K-tprosa ..-
. Advance Ttumely . . .
n Advance liuitialy pr.
4 Air Induction
. . AJax Hubber
. . Al.irha fjold Mines. .
. . Alaska June-iu G M.
4 At!e(l diem Uvo..
llich
, 11
IS
. M
, as'i
, no n
'
. in
40?i
7 Allied i-bem A Dve pf. 90
4 Allls.Chftlmers :isi
7 Allls-Chalmers pf ... 77?i
? All American Cables .lOi'4
s Am Agrlo r-hr-m 1"4
.. Am neot Sucar 30' i
6 Am Bosch Magnate. 04' j
Am Can 33
' Am Can pf si
13 Am Car & Kdv 139S
Am Car & Kdy pf I IIS
. . Atr.er r0t Oil pf ....fit
.. Am Drug Sjn B'i
'tn moo & ijeatlier.. i's
Equipment
Trust
Certificates
li.oUt...
I.wl .--r, ,
to pay r equipr-.er.t that .s held in rnn mi-n njr ivr-C
trust for the bener.t of the certificate , XL lUL.lX Ul. ILI. UO
holders as well a for the corpora-1
tion that uses it. No o'her form of ,
corporate ir.ves'-.-.ent ''as proven
sa,?,r" . .- , Phila. Elrrlrir, Stocks Stronsth-
We tecomTicpd ccun-.ient Truit miifciu
Certificates o: a correlation operat
ing for the past tv.e: 'y-cne years in ,
Philadelphia and dc.r.g business with i
many thousand customers. These
I LOCAL SHARES,
ctiod by Success of iScw
Preferred Issue.
cernncates yieia a-' t 7.60 income I
and are free of tax in Pennsylvania. I
HARPER &TURNER
Ic. e-'.r.r ". B.inkers
r.' Philadelphia ?
i In Ciioosing I '
I Securities
llll W " .' - F.H. ,
II apv r o ai n -
I In- et '- '(
'ill VIDtHOJ BUU PJillAOtUTIU ' l
I Vn Plilfit.fn tMd 'l
I '.Vis Yri iex l.J
To a ''vi-H degree the local market
fe't t.'.e fo--r . ' the .sin' irioir-r v'llrh
id sc at t . v v,' York stocks n-souijug
T're i- ji-i .ipnrei inlde inciea-e in
t... .'nine of business while tLe dn
trie::,, r. ' d'ftl'ng- was better than
nlMf-sed - a p.. t,me The broad
'in. f-i'.ei.. i 'he trading was re-I
flicf ! in a si en- s'.t revival of Interen i
in 'ceri' - ;.-- uhi'-h had been dor-I
r...mt f..r r: ir- eeij. j
I: .oil- i. to -'.c invigorating in-1
', " L'c : : il.e bi fter n tl,e
" i-.ij,ert i! ..luttUua there were .- .
r il I1, ot i e.-.t- ..f n lm-al (Uaracter
o -ii 'it accipte 1 u- .jf an Inspiring
'a-nefr Pim.iount in .oi'g tlj. e
ft- v... iini-i'nr M.n-esn r.f tbe ('...in.
t ..n of t .. Pi., ad' iphia K.ecrr1' i r,
's ;;f.T.'l -to k lss ie It uj- ofjj-
i i v -land lia' ripprnximir'lv t per
i' of thr ., n i-. us ;.ad lc ei .tib-
--.bel 'or ti tl.i coi'r.irn -I irf'nil.
r I- .u ills i -fated 'hn- t. . .i,er-
.f.ng sMidicile h.id -idd t!: m - il,. i
' . 1 p. nio i of t,. i j. - d i, .
i r the emnmon iidviucnj i.i i, au,j
,. prferr d to 27.
M-,s all the ', t.) ',t sbnrin1
ii wnl 1 tendency t '-iir.i i I nitel
i.as Trnprovpufn' m v -i p io .'itje,,
Ph ladelpliiii Ilnpid Tr.n.iit h'ld f !
I i . 1. nio- Tractmr ven- f-, better at '
n ari'1 I'n.lade'.plila Ji.ictfun was up
'. ii '' i
1 r , i n p .rr'1' -pe.-.-itn. vieu-pnirt
l i, - er o i irpm in n v.i- thf
;.'i ii' 'iihll' nj In '!' on
, . '!', '1 a i . u i - u o i
, 1 1 . . ii 'J per "ut ad'. 'in in tre
Am IIMp & Leatber rf '
Am lee .1'
" Am Ice pf 4 1;
Am Internal curp... S3"
1 Am-l.a France nnp... m'j
3 Am Llnseerl 7'i
0 Am Locnmotlvo JtS
Am Safetj Razor... . "'-:
Am Ship & coin II
1 Am Smelt A Hef 4i'i
7 Am Smelt & T.ef pf . 7'
3 Am Steel Foundries. .11 "2
Am Fucir Ref no',
Am Rumiti.i .... 734
" ni snurf ini-
J Am T.-l ,t Tel Is
13 Am Tolncen 13.1),
13 Am Tobacco B lS'lV
7 Am Woolen s?i',
.. Anaconda Copper .... 3H
4 Apo Dry Ooods ... 31
Atcli Top ft Snte Fe St'j
.1 Ateh Top S F p( . 70
Atlanta B'r & At'antlc ."Pi
' tlantlc Cojat Line . SO'J
. . At!intlo Fruit n
Af Gulf & W I S S 431i
At Gulf & W I S S pf 10
. . Atlantic Pet 'i"
7 Baldwin Locomotive. . IM'i
Ila'tlmoro & Olilo. .. lTn
4 H.-illtmore & Ohio pf SI',
so Barnsdale, Class B... 36 H
.1 nethlehem Steel .... fit '
R Beihlebem Steel B... nxi
f Keth Steol 8-n pf 104'4
nooth Fisheries .1
Brooklyn Hap Trnn MJ'j
. Brklj-n Union Gas. . . in
in Burns Bros sbi
Butte Copper S-. Zlne. '14
. Butte &. Superior Cop 15
'Mddo Central O 4 n. is
8 i jllfornla Packing .. r''i
. Ca'lfornla Petrolum . ''i
'" il'fornla Petrol pf.. "'i
3 rv Zinc & Lead 'i
? ' aljuiet & Arizona... 13'
io ru-arilan Pacific ... 11"
.. r,,c j i h
. rn'ral Leather 4ni
7 rrtral Leather pf.. 77' j
2 evrrode-Pasco 30
10 C-anller Motora M'i
ri'Sipeako & Ohio.. S4i
. ' -io Alton pf. ll'i
' .v K 111 Ey T ctf.i '4
'' 4- F 111 pf. ctfs . '.
. . "'i 'aifo & Ot West . "
.. C cj?o & Gt West pf 19'
.. C- en co Mil A St P. . 30
.. Cileapo Mil 3s St P pf 44'i
.1 ' A. Northwest... 07
7 " ' . & Ni-thvest pftOO'j
8 Ch' Pneunidtlc Tool.. W'n
.. Chi n I & Pac 33 ',
fi Chi U I & Pac S pf 04 "z
1 CM B. I & Pac pf 11
8 ' ' 1 st P MUin & O . 0
.. Chile Copper 13'j
. . Chmo CTPtr 5'' i
ft i '-v fin C', A St L Pf G3?
. . ' iuett T'abody 41
. . Coci-Cola 30 H
3 iVorado Fuel A Iron 3iS
. . Col A Southern 59
fl Coum Gas & Klcc... B0
.. Col Graphophone .... iS
7 Col Graphophono pf . . 0
4 ' oiv.p Tab Records... 31J4
7 i otiooUdatofl Clsar .. 41
7 ("onrolldated Cigar pf S'S
. . Consolidated DU Ins.. h
7 Consolidated Gas . . . SS
. . Consolidated Textiles, 'idt
7 Continental Can . ... iO'i
ontlncntal Candy .. I Vi
4 i rn Products Ref .. .S
7 icrn Tryducts Ref priiM'4
& Co 'j
8 Crucible Stiicl . ... O'a
i Cubun Amer Supar. . 31,'j
. Cuban Cane, Sugar... 30
7 Cuban Cane Sugar pf 00
1 DaV.son Chemical . . . 34
n Pslaw.in & Hudson 10
0 fii-l L 'k ft West.-rn 330
. Denver & Rio Grande V
. Denver A Rio Gr pf. !
3 Detro't t'nlted Rwy.. CO
1 t'onie Mlnea 19 J!
Elk Horn Coal 34 S
5 1 r.di r -Johnson .... 6S"s
. Frio li'i
. Krle !ft pf 21',
. Kik ,'d pf l'"i
8 Kan'ojs Players L... SO'i,
8 Famcu? Players pf... 00
. Flk R-.-bber 19S
. F'"pii' Texas I1 i
Gaston Wins & Wli?.. IS
, . Geneial Asphalt "'2
B General Asphalt pf .117V
0 General ClS-ir ...... CO'j
HG.niral Hlectrlc ....137?4
1 G-neral Motors 14 ','
a Goodrich R F 4t ',
7 i. .odrlch n T pf M';
7 ', tut Northern pf... ".Ti
1 Gt Nor Oro ctfs Kit;
C-e'no Canan.i Cop. 3.1
; G'lftntannnio Sufc-ar .. U'?
iii.it Mobllf & Nor . D
leis-
4(1
IS
3S'S
30
H
Vi
4
90
3S
7JH
105
4?fi
3S
03 '4
31 H
S3'.i
USlj
ins
53 i
r'i
RtS
0'!
04;
.MS
iet'4
'3ti
90S
fi
10'
.'
:"i
30 S
'9"j
7tS
tni'i
107'j
I33"j
irj
o
HS
34'4
'It's
'iH
is
fi
4314
3V4,
31",
(ll'i
10
.10 S"
30 ",
no '4
r.r
104 Vi
1
n
.19
SO' 2
.1
'4
17
.19 S
47
77'i
''4
.11
it.i M
s
'
70S,
30
s.lli
fl',
It
9700 2. so Cesden
B700
3.1 Oi)
1001
too
100
300
.100
.tOi)
110
1. no
3111
1 tt'nl
.11. in
sifiO
0.00
1 mi
U)
s-JH
,1 1 ,0
tnO
311100
: '0
3110
.I'l
13.' 10
14uJ
4 in
i) IH
(H'l
I I
lill
I Oil
00
I II
Hill 1
no
I '00
. I '.0
.100
I si,
.10
1111O
.M00
11.11
bliO
100
i;oo
toj
10
.no
I .10
noo
100
r.o.)
:nn
.srO'i
100
100
lilf Mobile A Nor pt 31'
IS'J
37 S
41
t'lU
100
r.i'j
30 ';
ri i
J4
r,n
J IS
3ft '
fi3'2
44K
30
t IS
37 '2
59',
s
39'
40
r,s',3
B'4
S7',
18'4
.S'2
1 '
4S
ti.:i'j
2h
n,
3:i'4
30
60
34
0S1J
224i
'i
l'
f9
19
3.1
I iS
H'S
31
14S
70S
90
fS
J
IS
5S
"''j
IB",
135 S
14
'I'i
S..1 ,
30 S
'4't
13',
9
21',
tl
10
lu'f -Mt Sfel . . 47
,0 Ha,..ri'littw I" I'dt'e 10
i ItHrtnwn Corn . ... '''
4 Haskell A Barker Car '9s 5s j
I Hupn Motor car. . . ij'h
. . Hcndee ctfs '-' 1'4
Houston O" MS
7 Illinois Cent 93
00 Indiahoma Ref e,
.. Inspiration Con Cop. 30'
Interb Con Corp . IS
.. Interb Con Corp pf . 13S
6 Int Asrlcul Corp pf . . 4i'j
7 Int Harvester new... os'j
Int Mer Marine 11",
0 Int Mer Marine pf . . . ACS
.. Internat Motortruck.. UOri
.. International NVk-l 17
International Paper . (.V
II Inter Papur pf s'l'd . 72',
. Invlnc.ble Oil Corp. . SOJi
. iron product 34
,. Island Oil li
. . Jewel Ten II
. , Jewel Tea pf 3S ' ,
IV
.'4
lii
S
13 ',
i
91'i
1.1
MC,
30 2
It,',
fl .
'-' 7
3.',
33
4
Id',
3Vs
ToilaVs Net
t'loM Chite p
40?i r V',
IS - '
n l
3S1J
364 - A
IH S
114- H
18(4 .
903v t'
3SS 1 S
"S
t05!i !
48'2 S
39 J4 '4
64 IS
31- '
84
13? ? '
111S- 'I
3 1
04 .
n J- V4
H 2 2
5714- 2
64S 'J
11i- S
I0V4- li
4.114- 1''4
nos-- s
714 T
10s- S
4SV,
7SU - t,
31 1, f S I
BOte-1- ,
71S S
t0t4r3S
10$
12S11 t- IS
1"3S S ,
hos-1- S '
43 4- '4
3411 s .
4H-J- 1 '
75 S 'A
3S
80t4-r- 3S
C
43S "
rstx,- S
3' ",
r3V,-- S
41 Ji 3
51 '4 S
20'!, Vz
cnt4 '4
1:414 IS
104!-
n -
13 EH M
50 14
SOt-4
s - S
14',4- j
is S
no '.-4 1- Vt
47S H
nvi-r 14
5S ..
53S- '
1I5S 3S
8 - '4
39S S
77 !4
30 1
3K "4
3? 1
i '
'4 "t
SS Vi
los-1- l
?9 2
44?,-!- IS
67 4- 2S
100"5 '4
1,6 '4 t 3 '4
3314 ?'4
64!4 f 1
75 J- IS
on 4 3
13 - Vk
351,-r U
03 ',4- "t '
43
30(1 -! 1,4
335 -i 1
3H
CO (4
'4- li
39',- 54
3.1s - (4
40-3
Oh i r 3'4
eK v;
87'j .
30 - S
f&'4- S
Hi
54-,- (,
in.1'4 4- S
3S'i- V,
AS r- S
.M'.j- ',
30
co y2
34
99 J- 3
336 r '2
S 4- Vi
H4 I
69 r I
19 . 1
33 - -s ;
rs'4 r '.
S S ,
3IJ4 4- IS '
14S V W '
89(4 4- 'j
00 j
1SS4- S
is 4- S 1
IS . I
1 7S '- l'j
1 117'- '."j
.IBS- 'e
1.GS s:
us1- '.
V.i r ',!
m .,;
:' 4- s ,
I 30?4 - i, '
t; 14
1 ' - Vi
0 i 1
, 31 '4i 1j
I 40', IV, I
10 - II,
1 '''- A .
1 51 - I I
i IS' ', '
Dlv
ill J
High
Knnsan City Southern I8S
i Kansas City So pf .. U0J4
4 Kelly.Sprlngfleld Tiro. SS
8300
000
17400
3500
inn
2100
1700
500
too
3300 3 80 Lehigh Valley
Kennecott Copper
. , Keokuk A Pes Moines
. . Keystono T A II
6 Lackawanna, steel ...
. . Lake Krle & West...
3 Leo Rubber Tly
3oO
3300
500
300
500
100
100
too
.100
.100
100
500
33500
3000
33
0(4
mi
(4
13
3SH
53 S
10J4
xay.
Lima Locomotive,
3 Loewa Co ......
1 Loft Candy HM
. . Loose-Wiles Biscuit . 33
7 Louisville A NashvMnl00!4
73 Manhattan Shirt
. Market St Ily pf....
3 Marlln-Parry ,
.. Maxwell Motor
. . Maxwell Motor ctfs. . .
. . Maxwell Motor 1st pf.
.. Ma.-Chal. w I
J2 Mexican Petroleum .
Miami Copper
4.100 l.flo Middle states Corp..
3300
700
500
1101
300
5100
6500
5M
inn
300
610
on
too
600
500
inooi
109
too
10.100
830
100
1000
7601
700
100
1300
500
300
500
1500
300
1300
12300
3(00
2500
300
7800
2500
400
inn
5000
100
100
1000
8000
11 500
400
600
ion
300
3100
ion
300
300
AM
800
700
1300
3800
18600
300
200
300
3700
500
100
23
. as (4
11
OH
3)4
9!4
, 18(4
150(4
23 H
HH
Mtdvalo Steel 30
Minn ft St Louis.... 12(4
Minn St P A S St Ma 70S
. . .vio Kansas & Texan.. y
. . Mo Kansas A Tex pf. . 4(4
. . Missouri Pacific 21
. . Missouri Paclflo pf... 41(i
. . Montgomery Ward .. a.IJi
.. Mtllllns Body 24
National Acme Co ..23
n Nat Enam A Stamp.. 64
6 National Lead 7S
. Nat R of M 1st pf 8(4
.. Nev Con Copper 12S
fl N O Tex A Me. .. 60?,
6 New York Central... 1Z
. New York C of St L. . 48
50 New York Dock 31
. . New Tork N H A H. . 1SJ4
1 New York Ont A W.. 1SS
. Norfolk A Southern . 10J4
1 Norfolk & Western.. 07(4
1 Northern raclflc .... 78(4
6 Nova Scotia 8 & C... 36(4
50 Nunally Co 10
40 Okla Prod A Ref 3V4
. . Ontario Sliver Mining- 5J4
2 Orpheum Circuit .... 28(4
e Otis nievator 148
. . Otis Steel 14H
3 Owens Bottling .. .. 49(i
8 Pacific Gas A nine. . . S3
. Pacific Oil -19S
6 Pan-Amcr Petrol ... 71
6 Pan-Amor B 63
.. Parish A Bingham... 18(4
a Pennsylvania 11 II. . . . 38 '4
.. Penn Seaboard Steel. 13
.. Peoples Clao Chicago.. 47S
.. Peoria A Eastern.... 11
.. Pcre Marquette 30S
.. Pere Marquette pf... 40
6 Pere Man prior pf... 53
3 Philadelphia Co 33J4
. Phillips Pet 31(4
.. Fierce-Arrow Motor.. 41(4
8 Plerce-Arrow pf .... 77(4
.. Plercfe Oil 10 Ji
8 Pierce Oil pf 71
5 Pitts Coal 64)4
.. Pittsburgh A W Va. . 30
8 Pitts ft West Va pf .. 78
1 Pond Creek Coal .... 18(i
8 Pretsed Steel Car.... 88S
8 Pullman 104
6 Punta Alcgre Sugar.. 42(4
A. Pure Oil 36
8 Railway Steel Spring. 00(4
. Ray Con Copper 14 S
I Reading 76(4
3 Reading 1st pf 41(4
3 Reading 2d pf 3(S
. . Remington Typewriter 3ttj
.. Replo Steel 34'4
6 Republic Iron A Steal. 60S
.. Renubllo Motortruck . 31
11300 5.30 Royal Dutch N Y.... COS
13S3n .. st Louis Sun Fran... 34(i
. . St Louis Son Fran pf 33 Vi
.. St louls Southwest.. 20'4
.. St Louis Southwest pf 3SJ
.. Santa Cecelia Sugar.. 3(4
.. Savage Anns 16(i
.. Saxon Motor f-S
.. Seaboard Air Line... CJ4
.. Seaboard Air Line pf. 11(4
.. Scars-Roebuck 86
.. Seneca Coo Corp 17(4
Shattuck Arizona Corp fl(i
.74 Shell Trarmport 48(4
.. Sinclair Oil 27 TJ
6 Sloss-Shcff 4414
4 Southern Paclflo .... 78(4
. . Southern Rail 23
5 Southc-rn Rail pf 56S
8 Standard Oil of N J. 150
vv
'S
0'.' .
.'',,
20',
s
n
iR'i
9:',
1 1.
r,, ,
19 U
10i4 f
- i "
- , -
31 !r
'.
II 4.
3S',.
3'i
"4
310
3700
1400
400
300
700
1(00
1900
3700
810
lrjU
35U0
0500
900
33300
130011
1000
100
m
600
1300
07100
100
2500
100
300
300
1300
6600
10014
11100
7000
10
100
7C00
350(1
100
2100
4100
300
3D0
100
100
169J0
700
7400
5100
13J00
BfiUO
300
330
5 S3 DO
390
3100
200
16G00
390
200
noo
3S0O
0300
100
COO
3230
sOO
4100
300
1400
3200
1400
000
1600
6500
5J0
100
100
100
3300
Stand Oil of N J pf..l0S
Stewart Warner sp. . 33
. . Stromberg Carb .... 48S
7 Sludcbaker t2H
fi Studebaker pf 05S
1 Submarine Boat Corp 0(4
. . Superior Oil Corp 8
0 Superior Steel 43
. . Temtor Coin A F "A" 15
. . Tenn Cop A Chun... 1
8 Texas Co tl(i
.. Texas Co rta 2(4
.. Texas A Pticlflo 33',,
1 Texaj & Pac C A O . 31 S
Texan pac Land Trust350
"Hi
. M'4
. 12
. 433;
. 2J'i
.110s
10 Tidewater Oil
0 Tobacco Products ,
. . Trans Con Oil
6 Transue Wm Steel.
.. Union Oil
10 Union Pacific
.. United Alloy Steol.
8 United Drug 90
8 United Fruit Ill
.. United Rwy Invest... 11
8 United Retail Storo3. 87
.. U S C I P A Fdy... 1SS
..US Food Products.. 31(4
8 U 8 Ind Alcohol 73H
..US Realty A Imy. . . 55 S
8 U S Rubber Ihft
8 U S Rubber 1st pf..,101S
.. U S Smelt A Ref 31
BUS Steel 80(1
7 U S Steel uf 100
4 Utah Copper 6n '4
.. Utah Seo ion
.. Vanadium Corp 401,
.. Va-Carollna Chem ... 29',
8 Va-Car Chem pf... . SJS
.. Vivaudou Ino 7S
.. Wabas.li 8',
.. Waba..h pf A J3S
f . Wnb.ish pf B . 15'j
.. Wells Fargo Hxprcss 07
.. Western Maryland .. 10 S
.. West Maryland 2d pf 1SJ4
.. Western Pacific 30(i
7 Westorn Union Tel .. 80S
4 Wstlniftouso n ft M 40
.. Wheeling A L B U114
.. vvneeiing i. L tt pr. IS
.. White Oil Corp....
4 Wl.tto Motor
.. Willyi-OverUnrt ...,
. . Wll ys-Overland pf
fl Wilson A Co
. . Wisconsin Central .
8 Woolworth F W. .
0 Worthington Pump
16
43
IO',
411,
42' 2
37
114
85'4
Low
27 V
50(4
3(4
21(4
6(4
10W
33J4
12S
28 H
50
70S
18V4
"14
37
SO
23
38(4
17
0
2(4
8(4
18S
147(4
23(4
14tt
79 S
12(4
70
i
I0V4
39 tt
22 r4
34
2114
03 Vl
77
5!i
13(1
65S
70 Vi
48
3t4
17W
IS
10 M
efl'j
75 s
31 V4
10
tt
6?i
37(4
143
13V4
19
51
3S14
69 H
62
15 V,
35
Utt
"14
II
19S
40
53
32
29
4ns
77
10 s
71
64
2914
76
15S
88 (4
103(4
41(4
35 Vi
89 S
"tt
75(4
41
43(4
34
33
C5
21
68(4
23 S
32(4
28 ii
3S
3
10
8(4
6S
10 K
t3U
10-S
0(1
47!'.
27
44
76(4
32(4
6(1
153
108
32
'4
SOS
05 S
7M
K
43(4
15
H
40
2(4
2134
37
250
174(i
f3(4
1194
43 S
21X
IIS
33
05(4
11034
11
sW
1734
22?4
72(4
53 S
77tt
1013.4
33(4
S)4
108H
5434
9J4
s'4
2h34
M7S
7V4
H
3i n
154
63(4
10)4
18(4
'.'
8934
IS(1
?4
to
lJi
3S
1014
41
43',
37
114
54 H
Todiy'B Nt
TJNss Chie
23(4 1V4
tt
rNDt'STRIAI.8
Vs
5014
Mtt-
22
0)4-
10 ?4
J4S4
13
28M-
51(4 Hi
78J4 4- '4
18J4 V
s' 'i(4
100(4 2(4
23
38J4
17
6 -
2V4
8(4
15S-
I43i
33S4-
14-
30
13(4
70M 1
2(4 4- '4
i(i '4
Aetna Hrloslv " " JX,.
Amer Leather JJS 1J ?H
.vino eni 41 41.. '.,
tsj I Columbia Emerald 3H . J
HDuront .Motors 20' r ,'n
1 i;mnlr Kaflil 4 .u .;..
liner HiiWr 3 11 "it
Llbbv McNeil 1J fj lnu
Like Torrulo 1 S '5?
Perfection Tire n
Ilndlo Tom 2J g., sjt
lladln Com rref JS j'.t ;U
gt.ndaM (Mj t Electric, llfj 1
Rweetn Co ?V4 3M sjt
Tenn nwy .... 1U 1 1J
U f) Steam ,ft ?
UniteO Profit 8hrln ... . iff Ji JJj
United Ht Candy 7S 7S 7'4
STANDARD OILS
Btnd Oil of Ind 75 78S 7B14
IDLTK.DENT OILS
14
14
IS
tt
Vo
V4
Vi
Aiun 011
Atlantic Tct ....
I!enne Oil
ltopton Mexico . . .
Carlb Synd . . . .
Cttle Service "tl"
nnnv Oil
Klk B, (in ret ...
Etuerirk Oil
Knslrrer Petrol
Pederal Oil ....
Ollllland Oil ....
Olenrock Oil ....
ornii4
ctfJ
si 1 uunry uiucurie
- r7 1 in ivtrei
21
11U IS iKavstone Ranee'
23(4 (4 ' Uvlnnton
.J,"r , ,-,,ik rill
Mex Invt
Mxico Oil
I No Co Pet . . . .
114 No Co Pet pref.
-,, Noble
3V ;nnnt Oil-
a IPeimok Oil
1 34 1 Producer & ReOners
10S
24
3114
61 78
66 S -I
,i c j. 1 sail t--rcK new
." ! . I minima I'et
1
1
4S
3H4-
18V4
1SM
10 S 4- V4
or l
70(4 '4
Hi
tt
34
1(4
skelly OH
Teton . ..-
I'll Te Oil
t'nlted Royalty
Victoria OU new
Y Oil
MIMNO
Ala,k Br Columbia
Dooth
Hilton & Montana
Ciitedonla Mining .
Calumet A Jerome
C'andeiarl Mining
i-ortes Silver
i"re.on Gold
Crescent MacNamara ....
Knimi Sliver
Eureka. Croesus
Kure,ka. Holly
Ucjil Cona
Oohl Devel
(loldfleld Florence
Gold Kewanaa
i.lobl Stiver Pick
ijold Zone
Ore,t Bend
ItecU MlnlliK
I Iron Dlotaora
I Jumbo lSxtemlon
I Kreii Divide
I JUc.vamam
iMicmt Correr
30(4 2(4
in -
3S4
514 27J4-
143 -
14i
19K r
53 t
39 S 4
70(4 i
0334-
15(4
35 '4
im
47 h
11
20tt 1
n t Tl
!" T ' I Marsh Mlnlne
51 I Mother I.d(
33 - '4 Mother Lode new
'i
3
t
Norfolk & Western Rwy Co.
6 Convertible Bonds, Due Sept. 1, 1929
LUled on the- New York Slock Exchange
PRICE ABOUT 101 & INTEREST
x YIELDING OVER 5.82 '
CONVERTIBLE INTO THE COMMON STOCK OF
THE COMPANY AT PAR ($100 A SHARE)
In 1916 this Company's Common Stock sold at 147.
At the present time it ia selling at around 96'2 a
decline) of mora than 33 1-3'?e yet its intrinsic value
is probably greater today than.ive years ago.
The Norfolk Ac Western Railway Co. is ono of the nioit
prosperous and conservatively cnpitalizedi railroads in
the United States. It has close traffic relations with the
Pennsylvania Railroad System.
Through its holding the entire Capital Stock of the
Pocahontas Coal & Coke Co., which owns about
300.000 acres of con! lauds in the famous. Pocahontas
District of West Virginia, this road is provided with a
large freight tonnage ns well as its coal requirement
at a reasonable price.
A 10-year operating statement indicates net earnings
for the Norfolk 6t Western Railway Co. equal to about
3.3 times its fixed ohnrges, nnd an averagn balance of
about $1 I n ah nro per annum for the Common Stock.
This stock is now paying dividends at the rate of 7
per annum.
iftedmond a (in
Broad and Sansom Sts.
Philadelphia
New York
Pittsburgh
Baltimore
'Washington
Nlnlaalnor
North Star
Orhlr Silver
Iter Cona
Ilochetr Mines
!-an Tey
Mlver Klnir Divide
I so Am I' ft o ....
KUnd Silver Lead
Duces Mining ....
1 Tenors h Belmont
Tonopab Caa'i Key ....
Tonopah Kitennlon
Tonopah-JIm Rutler
Tnnopali Midway
Totejpih Mlnlne
Tonopah Mlrpali
Tonopah Montana . ..
Tonopah Rescue Eula. ...
U S Cont
United Eastern
Vletorv
West End Con
White- Caps
Tukon Oold
WINDS
Amer Asx Chem 7'4a... .
Amer Tel Se of '34
Anoconda 6s
Anaconda 7s. 1039
Armour 7s
33V4 3(4 rtarnadall '7a
mif 1 ,,f Beth 8tel 7a. 191ft
,u,?T , 'Ul Steel 7s, 193S ....
it!'1-! 4- I I ni.i ... Itl.
'.III bHOl itlFi ..
30(4
41 I- Vi
77'4 4- 2U
10M '4
71 4
04 !4
30
70 A
4
104 f
41'44
2514 4-
90
1S4-
76(4 1'4
4i!4-i
43'
34t4
3314
66tt
21 -
eotj
24S
t4 I
Vi
l
14
2(4
l's
S
tt
VI
4
tt
1
'4
tt
1'4
l'i
2ft
96U
mi.
38 '4 1
UNITED RAILROADS OF SAN FRANCESCO
Four Per Cent. Sinking Fund Gold Bonds
To the Holders of Certificates of Deposit Issued under Uie Bondholdsra' Atrstam
dated January 6, 1017, between holders of tie above described bonds end Jib
Henry Hammond, Donald G. Ceddts. 0. Howell Criswold. Jr., A. H. S. p0.i JJJ
. Edward B. Smith, Committee! "
YOU ARC HEREBY NOTIFIED that. In accordance with the provisions of Ui
notice dated October 2, 1919, of approval and adoption of certain chanres la u
Amended Plan of Reorganisation dated April 26, 1017, the steps contemplated K
laid amended plan have been consummated to thepolnt where tho new securffii!
ire ready for delivery, and Tho Kqultablo Trust Company of New York, No! 11
Wall Street. New York, upon surrender of the above-mentioned certificates )
fleposlt, will be prepared to deliver tho securities to which ouch holders in
COVIVICU UJJUII l-iio ,w..v.w,..
Dated New Tork, April 25, 192L
B. G. BAHTJER. Esq .
CHARLES K. BEEKMAM.
Esej.,
Counsel
MORRKLL W. OAINES, Secretary.
69 Wall Street,
New York.
JOHN HENRY HAMMOND, OulniJ
UU11U.U u. ,r.iuu,
B. HOWELL GR15WOLD, Jr.
A. H. S. POST.
Committee,
2'4
'4
Vi
l'i
S
V4
1T4
H
X2
VA
Ui
"4
V4
Vi
(4
IS
3
10 -0(4
0J4
11S
5(4
16fi-
C(i
47S
37 S
a 4-
77'4-f
32J4
f6'l
i.in -ms
32
4514
89S
0534-
0
H
os-
41(4
2(4
33 '4
30 Ji t
35n 174(1-
54(i
13
43J4
33(1
11 H4-
33
06
HI -
II
8 IH
" Vi
23(4 Ji
73S - Vi
234
8(4 tt
191S ..
34
85J4
10s
55J4 r
10(4 4-
40
30(4
BJS
7tt
8)4
23S IS
1V4 334
67 4 2
10 34 4- 14
18(4
30
8934-
8Ja4-
10(4
18
16
4334-
lu4 -1'4
4
12Vi -3J
4
114
54T4
Cons Oas Ss
i'. 'Cona Textile 7b
" 1 Copper llxport 8s. 1934
coppr Export ft
n Hinnnncn Tire '
14 'Orind Trunk 6'i ....
0 ln..i. mi. ?
'141, V'lll, b ..........
Humble Oil 7n
Interhoro 7e
Kennecott 7a
I.acledo Ois 7s
Nat Cloak Ss
prxrs. Roebuck "a. 1923
So Rivy 7. 1037 .
Southweet Bell 7s .
Senrs-Roehuck 7s. 1833
Swift Co He
Swift Co 7a
Texas f'o 7s
Vacuum Oil 7s
Western Klec 7a
FwIsb S'is
1925.. 100
P?V
94S 04
07S P7
un pa'4
77V 77
94 04
P0-j P04
PS fin
P7'i 97U
int inii
P'J'I on'
fUS P9S
oovi psh
PO no
inos loot,
inn tins
so S4
We lake pleasure in announcing that
Mr. J. Elliot Newlin
is now associated with U3
Diddle & Henry
104 SOUTH FIFTH STREET
Philadelphia Stocks
1
V4
!4
'itt
tt
IT4
14
1
tt
U
34
Ki
Vi
!4
Vi
'i
3
i
b.
J.7;
91.")
, 1922
I'lillcd Cias vV I'lectric
Public Ht'rv in- f'orp N
Lfhigh I'ovtr G-. l'27
HENRY D. BOtHNING S CO.
ioi h r( 11 m.1- in 11 rn.M,
' inrl.
I i '1 jiiii.
lllrni I'i'i ." I 1
M. inl.--r- I I !u
COTTON MARKET
re-.
1 1
1? K'
'VIU
1 1 r.
. ! fli
!i in
1 1 1
CI. T. t.m-0
Te.lav
T'l
I J 37
12 97
1.1 S'l
I 1 fiO
II f
1 I !
1 .- Public - "rviic 1 .. l'i:;;
1 nitcd da- iS. I. It" ts, I'll,')
f.cut'r.il das & I'lcc. Iiw. 7s,
Svttlo I.tK. Tis. 1940
Anwrican I'ouer A. Lt. Oh. 2010
BAUER, STARR & CO.
1,111,1 r,'lr Itiillilljic, riillmlelnhlii
Ne lerk liniie. i ltwiur Mrert
piifi' -'r'i i;fe 7',fJi. ii i,et Offeei
GRAIN MARKET
t ,1V
1 17
.llll
SO',
HI
3TS
r-
1 o t
1111
H.1
'lrtV4
S1S
l Th
17 .') l'i
1 11
p ir
12 12
13 91
1 -e
1 4f,
I 14".
flj'.
fl'i,
3v4
3-.'
IS 71
IT .il
FOREIGN EXCHANGE
New Yorli. M-i ' 'I ''' uiarki t for
i,enn oxcliiinK'' '"lltimird t.i njit
,,r ii ie. iMim nnd nrnniuit mi fur
k, , . .In in. I i M' " 'i- " '' t''"'1
V,,, . moved up 'J pmiile and Itn- w.ii
i, letter. Mark- vicre off '. pi'int
11 .i.tations were:
Merlins cable "OS's, demand
1 1
l.i
To Increase Capital Stock
1- 11 . Ii. 1 hi mhnnd eapiui n wj,
, 1 J,- rf-., nf,A in ll'.l one nnri . i' r
c , 1 '. , kfinldTF of t' ijer rn'
!' f i aoproial id il,. n iii
1 h- , . .d In t'chfiii'i nd mi VI , .'
T , .-,. ( th" rrtir"iri 1 ' "
1 pf. ! f.ir tht I per ent ei.n . iIim
.I. 1. hm 1 omo a fined prt f ih
MONEY-LENDING RATES
N r.JV 1 ClflK M .n nn ..all Kll. .,
f Intnr.,! oren.'il lod-iv t filA Mr'.n!
1,1 renew Inr.
Hiirh
J01 Am Strs. .')
notA II & j W
LTitllnlt fc O 11
.-otrh! u i. ;io
".'trill M A;
St P.... 'J7S '-'T
124 El Stor..lHV4 lltl
22 I Co N A 20 14
lfi20 Lake Sup 0
4.- Leh Nnv (17 j
172 Leh Val.. 51 li
lOtN i" N H
&. Hart. 18
lOOtNorfciW 07
M Va Ccufl
Light pf 4J1
S07 I'a It It. 35
l.'lPa Salt. 7Vs
85 Phila Co
cum pf . .'!2
311 Phil Hire 22'4
230 1I0 pref. 27
HI8 do ret f p 2Hii
3K3 P Tt T.. lSi
20 PhilaTrac 55
20tHcading. 7(1
lOOtStudehkr 01 'A
25 Ton Bel. 1-lJ
50 Ton Min ls
140 l'u Trac 31 7s
815 V (J I.. KC.ai,
H do pref . l!iis
lOOtWbeerg &
LB ... 10i;
lOOt West lid 1014
tNct Chans made bv cntnrarlson with last
sal.s on New Tork Sto.:k Evehanire.
Toul siles, ftSio shares compared with
afiSO shares ytsterdar Thus far thla week,
22. r..9 slures
1'lIlLVDKI.riIIA PONDS
5000 Liberty 1st 4',it
1750 Victory -lw
1150 Victory i-iif.
1000 Amer Gns & Llec 5s
2000 Hell Telephone 7s lots 103
1000 niectrlo & Peoiile'.i db.... 55V.
riUiiit i,nko Miperior ine lis
1000 Lake Superior Inc. 5s
2000 Lake Superior iuc 5s
1(100 Pennsylvania i)'A lota
1000 Pcnusvlvnnin 0'As
15000 Philadelphia Co con 5..lnts 821.3
3(100 Philadelphia Elec 1st 5. . . 84
tiiik) Welsbai-h 5s 05Vi
Net
Ii-r Close clire
&Vb 50 Vj
lli 11 W
41 41 1V,
80 30
2734 27
110 IKU3 '4.
-m; 2014- 14
riJ n -i
07 (174 73
51 51V
IS 18 Vi
07 07 1
43 43 . .
35 355i
71 71 Vi..
82 32
21 '4 22,i
2(1 2(1
2ti 2014..
1K 18 Vs..
55 55 V.
7(1 7(5 iA
01 Vj 0142Vs
las 1$..
Vt 1V6 if
-I'-s 3P,s
"0 311
Tt, 10..
ICi 10W 4- 'A
101Z 104 14
TiiuirtroOT
87.70
07.08
07.0-1
U
40
41
12
no
I'd'S
111.
i-'.mpjn
r unlssuiic.
mid in 1 up 11111x111
'n, v. nKalntt ttie m unci n ar-e
frunc roblee 7 05, checks 7.01
cables 4.&S',i1 cliecks l.STi
I', ,4'hieh irip "i-h have euh&erlbwl l.ui wnkh
, in co nnn
me'.t. Tne j u v stock iiivmena
rilllMIKl.lll f,i n p.r cent, tune
il VT reni lonrnerulsl paper, three to cut I
11. oi ih 11 per i.
Not--1h.e an merely nomlnul iunia
tiinii th iej rt, 0f interest In O10 state
f I'ennniU.rila belnc tlxeil at M p4r cent
I'lus rramlum and commission, tlma money
for thlrtv to ninety days la loaned at b to
en!n
Jl.l 000. compar'il vnh 121 orto jes.
Tims for this re llll k,0.
vil tm 1 1 .1
re cent. wl. Io commercial dim. f.An.
thirty to ninety days. U loajved at S to 8'
per tent '
the compiny Ourlnit pay.
will brlni:
the tiia siiei oiitstandlni: up to arirrn.
n..,s (,' i.uft unll u,!.lrh ... Ilh tlia IK. . I U-hak.. inhll.. A..... .. . ..
-iMiia cubles 17. (5, checks 17.72: pc- 1 imo n,n Mni7'"'S' subecrlpn'on siruk uou.il Discount Rate In Denmark Reduced .is,- state. Pnnsvjnla and nearhv wes't-
;l
BUTTER, EGGS AND CHEESE
New lurk M.i ' M'TI lift- VVi-uk lie
i-eipls il'IOS tillm f'reimer' hither thl)
etra. .Ill1, r,17lje irMinerv extras (92
Si-nrel. artoai'i'ir flrsls ISS In Dl score). 31
ttv.'if, packing stock current nuke. No. 2.
t-.no;. Steadier. Keeelpts. 42 770 rasas
Trent) sathsred entra flra's. 37 9 2Sc. Urals.
25fi'nWc. etato. Pennsjlviin a and neaihy
S
ffuiiirtri?Jru5ruanuuinrui5r
III
EXTERNAL
LOANS
THE external loans
of certain foreirjn
governments offer
the investor unusual in
vestment opportunities.
i 11 H
D ' " - iuhHBsV
Tho many advantages
of these loans are out
lined in the latest issue
of Cassatt Offerings.
Kinilu atk for Circular K-tS
CASSATT V CO.
COMMERCIAL TRUST BLDG
PHILADELPHIA
Htwvoiuv
kJjiMCJs-PfrssuwiH-ecnANTCN
Spruce 8200
We Offer
Subject to Prior Sale
Joint Stock Land Bank 5i
Due 1939
9574
Yield 5.42
8ECUUITIEB DEaMBTMCTf
COMMERCIAL TRUST
COMPANY
llrmbfr Federal KeMrrs 8rstra
City Hall Square Woit
3
ii
j':;
-hi fur which
I nun or .'
ramm.
the ' I'lnpni.i
llll 01 III
la
...... t I. . 1 I H . . I ., -
fii ables ll." i-uei-nn ii.im, c'limer j,
. ii,'i 35 35. checks 85 30. Sttickim'.oi '
, i, lei 28 55. f t-i ok 28 ."id. iiri'iinnis
..,''. 15 I", checks I.i., i. Ileltnn n
1, i . 7 03'.., i-tick" 7 02' ; n irks
1 "i-i'i.
r.. nominm on .Nor York funds in
vtJn,..Al imlnv wan ll'i ner cent Ths ' W"'1 ln l"" la"' un Tuea.lav in ta
Montreal today vvati ii 4 per ''" "'" 1 Ke.ter.l .-nor ltermlng- Co. at 4 i!4e r 1 f.
1 int.. o iliwouni ut nnv mis ui'inj uu
It'iiii-i'liun fund was 10 1-10 per ci;nl.
London. Miy r, The Natlonil Dank r,t em hninnry brownH. etris SOia.llc do.
u -r thi pnmark'hii. reduced Its 'bank rale (L 1 1 gmh'red hroirns and mlxd colors nrsts to
loll", rir . nt "om T evir.ls 3',!?sf'e I0""S.lJ'"li 'Ta
Ili' JS1jU30i do flrts 373c
Rav Sugar Market Easier
Nth lorl vr.i l.-Tho law nuiir n
- ''r 1 1 mm 1 1 end s0111ewh.1i -M-r 1'
ill. I i.. - inclined to fc-o eln, et.
iew of Hi sal or I" nno BKe
irKM
lone
' 'al s
Tnrto
1 I7I"K I naattled ller.lnis. ..ijefl rmtes
Sime nlnio inllk nats shnrt held, special,,
iifl'Jlr 00. mr(ro run im state whl
mi
fi'Jlr do.
ik n j t m .
tr
1KS-Tl.ltr.iVV.- PINAI. QfTATKiVS
liter' 1 4 I'rsn a Lire Guilders
I
X iT
I i;,
l 1 1 HI I llll I I M I IIII1 II I -.Vl
MII'v e
ttnl "' ,
American Ashestus ( o ,
Norristuwn,
I'a.
idL'AI 1 'irrMv.
- t -1 i t
it
1 17 .1
i 1 3', 1
',1 '"I r ATMS
I !.ir i, , 1 r
1 !;, ' .1
I !' .11 .
Thl repreeents m decline of ahui
comiaifd lih the last previous aui- and
U i' . M.bt prlert recorded On the present
dinird niovument. linportstioiis ln-lmle
shoui liimd hass funis In iln Am. ricm
Kusa- lufn'i.s ( o. Ihe loc4l refined imirkut
M un. h 11 s"1
Iinlon. Mi' (1 Tho Itikslmik ,,r Hwedm
has reiluml tiie h.mk rate from 7 10 i t.r
iei,i Thlj i tha s'cond rduitlon in ihe
ae.iin dh'iii raie in k weeK. a washing- .... riiii HH4 17e
ti. n ltns!"l rtn Vf..n,1n,i lr,li! t . ..i, ..' . . SVCraje TUll lU-'OIIC
.. .... -..'I,...., ........ 11.111, io
u , uuienrivni receiviq rroni consul Ueneral
I.- I Muiphy, Sftockholm, dated April 27. tli
rtlkshank on that data reduced the dlxount
1 71 to 7 per cent.
srielals. 17'4 a iSc, do.
rate fioin
Pans Bourse Takes Holiday
Puns ' - Todav a belns obse'vedj
co.iaajr on ui main.
pew and
Cables
bier" u
, 'ir't
. 3 111
I I
I -in 1
HO,
Stl.'
BANK CLEARINGS
r! ifrs tuflav
,- in hist 'wo
T I e CluildarH
i iiii'j ai jn
ifui
1 ir 1 ri 1 u 1 n
It s
11)20 1 9 1 n
in-; 1.3 mi les.sin sen jsi sm 501
- mi sen si sn,s:4 47 72 04S
Bank of England Statement
London, May a Th weekly statement of
the Hank of llneland shows the fillowlnt
'lansea Total reserve decreHsed 1 not) -'00
cii'.ulatlon inireased 1 "09.00" bullion
dei Teased lfi.11 nthrr eiicurlilrs decreatd
IB 483.0O0. public deposlta Ineresael in
000. othar deposits decreased fSliN.no'l notes
reserve decrerd fl 001. 000 Rovermuent se
curlllea Int-rraaed 17.040,000. The proportion
or me nanti e reservv 10 iiaoiiuy is 12,27
per cm, lasv wfitu ic waa j 114
RAILROAD EARNING8
CANADIAN I'ACiriO
l"! Increase
Fourth wek April.. 44.044 000 1840 000
January 1-Aprll 30 . rH.OJu.OOO 3,473,000
tifcreaw.
4 01 34.3J Ji v0fK 4tl 828.933 740,117.013 742,b440 discount. flVi per cent.
Oklahoma Banks Close Doors
T11M Okli.. M.y P -The doors of thu
l!xerans Wate nank and the Central btate
Ilanlt boih of Kelfer OKIn and the Hank
of Junks nt Jcnks. Okla were closed yea
tfirilav urt nrderi nf the alalit hanU ...nn.i.
Rate of 1 sinner and th assistant state attorney ten-
i !.
PHILADELPHIA
RAPED
TRANSIT
An authoritative re
view of the Philadel
phia Rapid Transit sit
uation of interest to
every atockholder and
investor ia the lead
ing article in our
Weekly Market Letter.
Copy sent on request
J. F. McGOVERN & GO.
Members ot rhita, Stock F.irbanre
1430 South Tenn Oa.. I'blla.
Htinica 6416 ..B,, 3003
New VorU S3 llroadnaj
Orders ejecuttd In all .llarkets
o?rr fast l)u-et Wires
Miami Copper
The current Issue of our MrtJt
Hnvleivv contains an Intereitltl
analysis of this company. There Ij
also information on a number
oilier 6tocku, including:
Arkansas Natural Gas
Nevada Consolidated
General Motors
Skelly Oil
hrnt on request for It-itS
Hughes & Diet
t I'hlladelphla Slovk Eiebutl
VI. -,K.. I'lttSllUTf tt BIOCK liKBIMI
Member-; chrag0 ttnslTi ot Trad
N, V. I'roduce Kxfhsnjs
1435 Walnut Slreet
Philadelphia
Horure A43
New lork,
n.. lBtf I
17 -. 1
l'lltaliurcli, (leveiKs
Northorn Pacific-'
Great Northern
6's 1936
Denominations $1000, $500 and $100
Prico to Yield 6
EDWARD L0WBER STOKES
Member Phil. Stock Etchanx.
to S. 1BTU ST. LOCCST Mi
BAjnuss
Dealers in
Investment Securities
lUmUr mw York oh4 rfcU11
flue) Mahantl
32 1 Chestnut St., Phils Je!pU
C. S. PATTON & CO.
8 ii cniWTNirr st.
BANKERS
Hurcessori, Jo w
Dunds and UrJs Iwusht " ""
mi,r. i-hti. Nioek ntMyi-g
I -'-""! - - rtirr- " '