' 1 , t ; m 18'. I' ( Mv :i N JUskima Power Co. 1st Lien & Ref. 6s Duo 19S1 84 ?i A Int. Yielding Over 7.25 Company serves the so-called "BlrminRhara District" of Ala bama and owns one of the targ et hydro-electric plants in the South. Bonds afo secured by mortgage on entire property as well as by dcpojlt of First Mort gage bonds. Net earnings over J 3-5 times interest charges. Circular on request Harris, Forbes & Co Pino St., Cor. William NEW YORK Philadelphia Office Widencr Bldg. NEW LOW RECORDS FOR MANY STOCKS i 'E take pleasure in making the an nouncement that Mr. Earl B. Putnam, Jr. has become associ ated with us as manager of our Philadelphia Office, effective this date, Hambleton&Co. EMUIfd IMS 302 Franklin Trust Bid. Tlpr4ns cujf 8077 Philadelphia WEW TOHK BALTIMORE WASHINGTON Roneflped Lirjutdation In Ralto Quickly Sproad to Gen oral List Nmv Voilt, June 20. A number of mMltionul new low records, not only for the current movement, but nlso for n number of jenrn, were cstnblitdicd In todftj-'s weak (dock ninrkct. There were uo signiflennt developments over tho week oiid, but thn heavy lirjitidutkui, sn conspicuous in Snturdnj-'s nutrkit, re appeared nt the opening. I'rnrtlcnlly the entire Ht wnt exposed to further pressure, except Mexican Petroleum. Crucible Steel anil a fow others highly peculntlvo specinltics, in which there wns evidently liberal ccvciing of Mine "f the bigger short behind the -ci-cel) of lhe weals tie- in the ccneml lif. The continued wenTcnejK of the rail, especially the prominent investment la dies, was dlcnnrertlng and seemingly continued recent sugge'tlont that the current limililntlou was prompted uv n NEW YORK STOCK EXCHANGE TRANSACTIONS i ' ii I iS I Spruce 8200 Spruce 8200 PM BOUGHT SOLD QUOTED U. S. Treasury Certificates AH Issues BECCnmia DEPARTMENT COMMERCIAL TRUST COMPANY Member ldrrol Itmerra Kxntti City Holl Square Wett Pales ?no 700 3700 too 1200 100 100 600 ItOO M too 400 MOO 100 900 too CG00 too 100 C loo 4100 ton 3000 500 300 1A00 Jioo BR 't9 rnoo 1?900 f.( too ran 400 100 4000 too too :tfnu S3 200 -''' avaittiii'ai -lJ III Vllll'li i ' I m im w much deencr seated trouble than ccner- '.'n? ally Appreciated. I lie wide-open liie.-iks In such accepted leaders n Ciinndlnn Piidtie, t'nion l'flcitic, Southern Pacific ( nnd Heading, in nil oi whle.i there were lii-ury offering, nnturnlly had h very unsettling inlluenee. which woe Inteti--ilied gicntly b the frosh dip in Steel to 72','j, the minimum pi lee tor five M'art ranndlan Pacific t'utrhe.l tts lowest since inoi. All the rails gnvp ground, with declines f 1 to 2 poiiiti In Rcndinc, Illinois I'entral. n and O.. St. Paul nnd Pltt inirgli and West Virginia. New Haven. however, which wn the wenkest feature "f the group on Saturday, rallied to lf on the strength of tim oflieuil statement t 'hat nil Interest charges would be met i next month. The industrial division wn better upport"d than the rails and before the end of the firt hour a fnrly suhtantial iccovery mnomoiit set In. Once more ilie market's ennanictinnc hick of la bility and oustnlning power w7R dls- i closed, at on tliese rallies, much were i'iIcji in ii , on "hurt rovermn, it wns 'ldent stocks were brlnn literally ill" trlbiited, B.r midday general weakness had nicain set In with persistent belling in nil parts of the Industrial division. irtually embracing nil the various group. The steel, equipment nnd al lied shares beenme cpeelnllv soft. Sup porting orders helped both Mexican Pe troleum and ran -Atari Iran to IjlicK the strong running reactionary current, but the domestic and I'urupcan oils were heavy. New low was registered by Sinclair, and (leuernl Asphalt was noticeably soft, The selling movement tulcUl extended to the tobacco, rub ber, leather, textile and food special -lies, which showed losses of 1 to Ss pi'inta. A cnll loan renewaj inte of 5Vi per tent nnd the liberal supply of funds nt that rato with plenty money on the out side being offered at ,T per cent and under fulled to stem the falling prices, and the early afternoon found nil the leading stocks of both the railroad nnd .ndustrinl divisions not oulv nt the low est prices of the day, but the lowest of the year. The average level of the twenty active industrials was carried under the low level of lnt.t December, and the twenty rails were nearly 1 per cent under the low level of lost April. MELTING PRICES A THE LOCAL MARKET Storage Battery One of Softer Spots Recurrent Liquida tion in Pennsv Dlv. In I Itlith . Adorns rex press t . AJax nubber 24 14 4 Allied Chem Dye... 37tf 7 Allied Cliem & no nf. RO! 4 AlllR-Chfdmers .1? .. Alaska Ooltl Mines... .. Alftika Juneau O M. . I H Am AKrlc Cliom. . . 30 . Arr? Heet Kugar 1$X 4 Am Hank Note 40 Am Hoscli MuRneto... 3H Am run 20 7 Am Can pf ihh IS Am Car A Fdy lloji 7 Am Car A ViXy pf . . , . , '0RH . Am Cotton Oil 18 . Am nrup Syn........ 4?i . . Am Hide & Leather.. 10(4 . . Am Hide A Leather pf 47H . Am intenidt Corp.... 35H tm i. in Prod Mi! 1-40 Net cies crm. 94 - 81-Xik 19 30 - 14 2! 40 -BBM 3JJW- 34 lin - ft 108 - in - m 4J-'I4M i I014H Ut2 -BF314 t.ow 3J14 11 mi 80J4 30 Ji H Itt 80 JS 40 Mli WM 78 H tlH 108(4 10 1 214 47J4 33 K 2-m 711,4 4 m 5 14 no is "Can I Buy Bonds?" ,mnnK our ellcn'i ' NHtlonsl Hanks Simiiss Psnk" Trust rompanlcs Eutntu TrustefK well a! ln!IU'luil lnvestirs Some of the nesiors buy largn mourns nt frrquenl lni r vats, othera are ah.e to buy only 1100 boriUa at vtr' ln friuent mtorxdls To nil "f thm, ho'er. we Hive th bt fe--lr of which our WiDintR Bios. Philaoilphu Ntu YorkStock otolr Hfw rotx lUwerrH. h.j. I WtW TOtIC IUIaiTM. KJ. f- j While the deallnss were (ompnrn tivcly small indientius little real urgent selling, lower prices were registered wider declines were made In tho hlpher price nnd inactive shnres, of which virtually all through the local list. The Electric Storage Patten recorded the maximum decline of 2 points, helling nt fl."i Cenernl Anhnlt also drnnned 2! polnt. but this wan from the Iant pre vious -.ah' in the locnl market and broiis'it the local quotation on parity with the New York (.olllne price. 1 Continued moderate liriufdation was lal'o noticeable In Pennsylvania, which yielded to Hfl. nnd which is onlv frnc tionnlly above the low record prleo made a month ago. I'ractlonul thav ing, however, was common all through the list. JaiUo Supeilor shaded to 7 "ft. rhlladelphia-lilectrlc preferred to Zo. penn Central Light preferred to 12i nnd Lehigh Valley to 10. Philadelphia Ilnpld Transit was well sustained at 17. t,lnft loo 100 "7000 4fl0 ISShO 13000 100 ttroo 200 Kg 310 1700 ton too 400 3:tni 101 GOO lonoo 4000 1300 1400 2200 7400 3)0 too 2202 I7ru coo too 8700 uo 3)0 lono 0)0 200 S11700 100 200 200 too 100 hOO 100 300 2700 fiKOO seoo too 2700 1200 100 100 too 100 200 200 OS 0.1 3000 700 2100 200 310 300 2J300 300 100 300 6000 too 30' 2100 30o 100 inn 300 2011 too 3700 300 too 200 200 100 ion 31)0 4010 too thOll 200 100 100 100 Am Locomotive . .. 7fiH Am Safety rtazor. . . . t"i . Am Ship & com iy2 Am Smelt A rtof 301, 7 Am Smelt & Uef pf . . . 00 3 Am Steel Foundries.. 3 7 Am Stcol Pdvs nf M'SMT 82 rtm UKnr Her on Am Sumatra 42' Am Sumatra Tob pf. . 70i8 ni rei & Tel Am Tobacco . . Am Tobncco n Am Woolen 7 Am Woolen pf . Am Zinc Lend A Smelt 1KH Anaconda Copivr .... 37?i i Asso ITry Goods 30 0 Asso Oil mi; fl tcb Top & Kmtn Fe. 1Vi .1 Atcn Top & S p pf . . , 7454 7 niinniic lionet llno .. At! Ciulf SWISS... Atlantic Pet 7 Daldwln TocomotIvo . Baltimore & Ohio. . . . 4 Daltlmore A Ohio pf . . .1 Bethlehem Steel B.. . 8 Bethlehem Steel 8 pf 00 . . nrklyn Hnpld Transit 10'4 uriiiyn u t ctrs of dep . . Butte Copper A Zinc. Caddo Central O A It . 0 California Packing . . Cnllforn.n Petroleum . 7 Coilfornla Petrol nf. . n rnt !-- , ... - v 'H oim- re L.t?llfi 4 10 Canadian Pacific ....M.V$ . Central leather 31 14 Central Leather pf. . oo' Ccrrode-Pasco 20 in Chandler Motoro A7 4 Chesapeake A Ohio. . . I8S Chicago A Gt West . 7 . Chlt-.ipo A Gt West pr 13 . Chlcaco Mil A St P. .. 21 . ChlCHRO Mil A St P pf 3, a Chlcapo Northwestern C5J.& 7 Chi A Northwest pf . . .SOD? ,102i ,lii4 ,.iir, . .0'6 .. ot 86 14 10'i IH HSi4 3J 40H H B4(, ion 41 Philadelphia Stocks CERTAIV-T13ED PRODUCTS CORPORATION Pint Prrfrrreil Dltidrnd No 1H Vow Yo-i- Juia 10. 111; 1 Notl- ' l.r -by 8imn Hat 'h nm'1 of Dlrccnrs hrr e (Jf-'arpd rj-M da, ti flaht'-nth quarterlv dividend cf otie a- t thrte-quart rn t-r fnliim ' I ' c ' on th FI'Bl Pr ' rred Hloglt of i tnln-tae t rrodurta i.orporfltion pa ih!e Julv 1 IU21. to 1'irie Prfnro1 St,rkhedi nf recoiU at "i c'ofo of bunlnpffa Juno 20 102 J Check nl'l h mal'wl ROBKRT V NKr.aON FiertH- -Trtaiiuro- CERTAlN-TEcTrrMtODl'CTS CORPORATION SfeonU I'rrfprreil I1 1 lilenil No. 18 l VorK Jim,. tO I0.il Notle it. hubv elM'ti thai tbv Hoard of Dltor'orH have dPf.'aid ih a da tie elrhteHnth 'iuariei di idnd of one mid Ihree-cjUrfi le per inium Mi " ' on th Keeond l're'erred sto'k ni -ttilti-teei Pri.lupta t'nrrorat.'ii. i'-.uti Jul 1 to Second Prvfeir d Mi"kiiol1. ra uf reror at th r.o. of I'liHinf-BH Junp 'jo 1H21 Chei-Ke wl!" I- i "I Iiniu'.ltT t 'r.lii H..I ri hi Tr.m sur. 2."i Am f;a:. 1(M)tAra Sum Tobacco. 2fW Klee Stor .V jeu A-ph .'.OtGen Mot 20 Lake Sup Or. r.ch Vnl . .".DfNorfc.W 10 Pn Cent I Light pf 2S-I Pn n H 100 Phlln Co cum pf Jilt Phllll K'ec Till" do pref . .2 1'liiln II T lintReuditic inn Tono Min 2fMlrCS Steel 7 York Itwj pref. . Iflai 2S 42- no 111 7, tn J2 12 , r.p-.. 21''h '.-., 17 01 20 iot 2S 12, fl." in 7' in !)2 12 , .".I! 21 '1 2.V-s 17 01 l"i vi t.tft r m. 2S Net ChR(. 124 U !),ri 2 40 2'.i . . CIU ft I A Pao e chi n u Pa 0 pf. 7 Chl It I A Pnc T-v pf. Chile Copper Chlno Copper . . Clev CI11 rhl A St L Cocn-C la . . . Col A .Southern . 3 Colorado Fuel A Iron. 0 C'oluinb Giih A Lice . . Col Graphophonp . . . 7 Consolidated Clfrar . . 7 Cotifolidnted Gas Consolidated Textiles. .. Conllnentnl Candv ... 4 Corn Products Iter . . . 2.30 Cosd'-n A Co 4 Crucible Steel 2 Cuban Am Swear Cuban Cnne Sticar. . . Cuban Cane Sugar pf . Davison Chemical .... Del.awure A Hudson.. Del Lack A Western Denver A fllo Or pf . Pome Mines . . . . Kll Horn Conl . Kndlcott-Johnson . . . Krlo . Krln iBt pf 8 r.inious Players L. . . . 8 Famous Players, L pf. FIsU Rubber Ghhioii Wins A Wlfr . . General Asphnlt General Asphalt nf . . . General OIrnr def pf. . General R'ectrlc ' General Motors . Gen Motors deb 6 . . Goodrich I! F . . Groat Northern pf Gt Nor fire ctfs Gunnt.-uiamo Sutrar . . Gulf Mobile A Nor. . . Gulf State Steel Haskell A Barker Car Hendeo ctfs Houston fill Hupp MMur Car Ulliinifc Central Indian JtuMniriir 00 Indlahonta Refining . . . . Inppinitlon Con Cop. . . . int' r -'iti iirp . . . . . Inter i'on Corp pf . . . In ' i;i 1 ul I'orji pf . 7 Int llnrv, ster new. . . . 7 Int Harvester new pf. 0 Int Mer Marino pf . . , . . luterrm Motortruck. . 7 Int Motortruck 1st pf . . int Mototuuck 2d pf. . . International NlcKeL. 7 1 0 10 I 2SI4 39 711,4 10 1 2 3' A 3. WW 31 2734 33 rh 24 SI 17J, I nt'!, 20 '4 srh 1.1 n 20 33 !)2 17744 i1; 17", HX 3JH ny, ivv, ."714 73 -.i 12a 1?a 0'6 87 S3 183', .00 10 02 38'i tU 37 Ml 8 'A 28 52 'i 13 331.4 II 88 3'. 3 2 ' 35, 1014 30 H 81", 3!4 404, 20"-. 08 Ji 58 14 I3H W 40 H 70S, 102H' 11 118 08 14 04 28 M 3014 20 '4 03t TiV 78 4 8B" 181-4 1314 8454 31 4H 40 no 1014 7!4 4 4 10 83 H 3SW 01114 44 101 3314 08 234 5!4 40 7 14 23H 3(114 (i:t"2 0014 20 IA 39 71 1014 22H 38 -.o 31 27?4 33H 3 24 hi 1 eo ti 27 31 13 S3, 27'4 38 92 177M J 4 171, I834 4 llh 17 n 3.1 7S 13 3 m 40 H 80 83 122 i 0 02 32 A 024 27 4 84 1 82 13 34 g It 88 !4 3!4 S"i 34 10'4 394 03i4 in 2DU fiS'4 13H 474- 3334- 22- 744- 4 74- 3014- vni - 28 - 82 - on 4K- :oh 102H 4 110J4 r 118 - noji 01 - 28?t- 304- 30 - 034- 77i4 7.54 8B4-I0V4-184-844- 31 -4?-40 3, -00 - io4 74 4-10W-3S-38-00 1?- ini -334- om- 284 874 40 1 -146 4 -04 204- 39 -714-104 -22 h 35 -21 31 -275, -83, - 24 84 - 17? 1 004 27 -S3 -13 274- 38 - 02 - 17734 - 1 14 -1714 IS3i 3 14- n- 35 783J 12?6-t 1H 40 M 80 -83 -12214-0-02 3? 1 4 -1. 02 4 27 - 4 8 'A 28 - Blea. tn I M0 . . 8100 194 1 4 iH H 4 t Ti 2 1 4 3H 4 4 4 i 1 H 14 14 14 V 4 I 4 4' 14 'I, 34 4 3 4 4 4 H 2H 4 4 1 4 14 14 3 14 4 4 2 I 4 4 '4 4 - I 4 4, 14 2 4 4 i IW ? 1 34 4 14 2H 3 4 lo 4 8 4 13 - nay, -11 - 88 - 74 3'4 -324 33, -IO4 -304 ! Ml U -014- 40 2!) 4 0" 4 -58',,-I3ti- I 24 4 4 4 4 2M - 14 4 4 D7400 20o 4100 209 BI80O M0 1000 000 300 1100 : 000 300 100 100, too 300 300 800 10300 700 20o : 3000 1200 8000 2000 1300 X00 800 2100 100 300 101) too 8100 700 : 8800 103 ' 1400 2000 101 400 400 400 300 I go 200 nooo 3G00 1300 3100 1300 800 2000 800 230 3100 300 3000 100 100 1000 200 1000 300 4800 1200 3200 200 1000 too 7000 2000 310 300 1200 200 100 1000 51100 200 311)0 8200 200 2(10 2S00O 400 300 01100 30DO 200 000 000 200 200 100,) 5100 '400 1000 100 1 3300 200 300 304 2000 801 400 200 100 1110 385,10 700 1400 1100 100 400 1001) 300 1310 200 1000 700 200 100 100 700 200 200 1400 300 20UO 100 100 500 HlKh International Paper. . 84 .. Invincible Oil Corp,.. 11 ' .. Inland Oil 34 . . Jewel Toa. B4 Kansaw City Southern. 234 4 Kansaa City So pf . . . . 4 4 Kelly-Sprlnfffieia Tiro. 304 . Kennecott Copper . . . 186 . Keystone TAB.... Oft fl Lackawanna Rteel . . , 30 2 Lee nubber Tiro 34 .80 Lohlrh Valley 48?4 1 Loft Candy 10 3 Ixie wo Co 114 Loosc-WlloH Blucult . . 84 7 Ixxulsvllle A Naahvlllot07 . Market 8t ny 34 . Market HI By pr pf . . 30 . Martin Rockwell .. Mny n-ept Store 824 12 Mexican Petroleum ..100 2 Miami Copper 20)j 0 Middle Rtntes Corp... 114 .. Mldvalo Steel 224 .. Minn A St Loula 104 . . Mlasourl Pacific 14 . Mlesourl Pacific pf. . .. 8014 . Mo Kansas A Texan. . . 24 . Mo Kan A Tex pf 4J4 . . Montgomery Wnrd ... 18 National Acme ...... 184 fl Nnt Knam A Stamp. . 67 0 Nntlonal Iead 73 7 National Lend pf 100 . Nov Con Copper lft4 5 New Yotk Central.... 034 New York Dock 24 New York N H A II,. 164 New York Ont A W. . 17 Norfolk A Western... 814 1:80 "Net CIo Clire. J0K- 1J4 103 3 - m 80 i 7 7 Northern Pacific 074 1.50 Nunnllv Co 3 Nova Scotia SAC. . 10 Okla Prod & lief. .. 2 Orphetim circuit . . . Otln Steel .. Pacific Deel Corp. . 5 PneilTe Gnu A CIro. . Pacific Oil fi Pan-Amet Petrol . . . 0 Pnn-Amer B 2 Pennsylvania n n.. . Penn Seaboard Steel PeopleH G.is Chicago 4 214 14 24 10 12 604 334 74 1 43 334 74 48 Low 80 K 104 3 84 32 4t 304 18 ?4 H 384 as 84 i4 34 107 I 34 35 A 804 10S34 20 low 234 104 174 38 3 4 18 iK 87 70 100 03 as 4 144 17 01 004 04 214 14 23 4 12 30g 604- TiSELLING WAVEHITS f niiKinr MADKFT UIJ lulUL lllnllllLI 22 4 14 49 - 4 C384-W4 18 H- 4 054 354- 14 284- 4 484- W H- H 114 4 34 - 1 107 a- 4 as - i4 804- 100 - 14 20 - 4 10 - 4 234- H 104- . 174- H 384- 14 24 4 44 18 - 4 14- K si 4 70 - 34 100 - 1 10M - 4 03 - X 384- 1 184 44 17-4 01 - 14 004- 14 04 214 4 14- 4 23 - 3 4- 4 13 - 4 Motor. . pf Pero Marquette 184 CO . ... 30 17 104 434 8 OS 30 20 00 014 284 28 4 08 Phllndelphl.i . riillllpa Pet Pkrce-Arrow 8 Plerco-Arrow I'lercv Oil. 8 Pierce Oil pf .1 Pitts Coal . PittshurKh A W Va . . . I Pub Son Corp of N J, 8 Pullman 3 Ptinta Mefrro Sujrar. . 4 Pure Oil Ray Con Copper 4 RendlnR RemlnKton Typewriter 18 4 .. Republic Iron A Steel. 454 Republic Iron A StI pf. 81 X B 2n Royal Dutch Amor... 804 .. i't Louis San Fran... 20 J6 St Lou:s Southwest. 21 IJ . 61 Louis Southwest pf 31 14 Sears-Roebuck 71 Senecn Cop Corp 14 Shnttuck Arizona Corp 014 .71 Shell T.ansport 41'i .. Sinclair Oil 0Ji . Slof.s-.sht ff 35 0 Southern Pnelflo . . .71 . Southern Rail 18 7 Standard OH of N .1 pfloo' . Stromberc Carb 28 4 , MiMPtiaitcr . Superior Oil Corp . . . Tenn Cop A Chem. . 3 Texan Co .. Texas A Pacific 1 Texaa A Pac C A O 5 Tobao o Products . . . . . Trans Con Oil 8 Transu Win Stcol. . 3 Twin City I1T t.'nion Oil 10 I'ntou Pacific 4 Union Pacific pf . . . . Tnlted Allov Steel. . a United Drue a t'nlteri Fruit . United Rwy Invest. ;j 1 nitni Rtll storvn V S C I V AFdy .. I' S Food Products. . . .. US Ind Alcohol ..US Realty A Imp 8 U ,s Rubber 8 U S Rubber 1st pf. . 3.BO V H Smelt A Rof pf. . , 8 U S Steel 7 V S Steel pf Utah Copper Vanadium Corp 7 Van Raalte 1st pf Va-c.irollna Chem .., 8 Va-Car Chem pf . . Vlvnudou tne , . . Wabash pf A . . WellH Fnrjro Kxpreas . . Western Maryland . . . . W8iern Pacific . . . . 0 Western Pacific- pf. . "cstern rnlon Te 74 4 6 14 74 314 20 H 20 82 7 304 384 184 1130a 044 20 1,4 87 14 0B4 ..a 34 52 13?i 174 824 46 50lj 02 40 73 H 100 484 4 80 254 08 094 mx 6314 4 23 r.2',4 8714 Westnuhouso A Brako 89 vtstinghnuse k & jr. .i4 W',ee'i-.B ALE S WheriiK & .; pf... 15 Wliftp OH forp 10 Whit" Motor 333, WillH-Over!nnd 74 Wdls-Os-piand pf ... 83 Wisconsin Out ml ... 28 Woolwonh V W 110 31 484 41X9 33 7 47 104 20 17 18 H 42 7?4 A3 30 25 S 05 02 H 284 2 4 4 4 034 184 454 8i 04 204 214 31 70 i 13 04 41 17X 35 70 H I84 100 28 70 X 44 74 304 304 20 6114 74 304 38 IS 113 4; 20 874 9SJ4 8'4 52 13" 104 52 la "4 84 3 X 404 724 105X 4 7T4 fl'4 80 25 05 fl'4 0!a 5314 04 25 '4 8714 80 43 8 15 !l'j 33 74 33 2S losx 31 X 454- 1X 33 7 47 104- 20 -17 -10 -43 - 7X 03 50 20 -C5 -02H-384 254- 44 am- 184 484 814 314 71 -13X-fli4- 41 - 184- 33 70X- 184- 100 28 714 4 4 7 4 31X 20 X 20 314- .74- 314 3" 18 -1131,- 014 20 - 874- 004 " 83, 62 -13X 04- 80 23 03 04-194-334 "4 23 014-874-81 -43 - S -15 - 4- 334 74 33 -28 - 108X- 14 14 - 4 IX 1 4 X X 4 4 a 4 4 14 a ix 34 1 Movements Extend Over Wide Range Oil Stocks Irregu lar Carlb In Supply New Yorlt. .Tunc 20. After holdlnp stubbornly firm for a long time, the market on tho Brood Street Curb today showed a crnmbllnc character, many utocka binir In supply nt concessions. lhe Ronernl understanding prevailed thnt liquidation, which has been so pronounced on the stock exchange, haw now extended to the outside market. Prico movements in some issues extend ed over u wide rnno. City Service, common, was n promi nent feature, ranging from 1f!0 to 122 during the forenoon. The Bankers' Shared were traded in nt 146 to Hv nnd tho preferred sold at 48d to 47l). btnndard Oil of Indiana was also heavy, laiung irom uiy2 to 02-1, In spite of the fact thnt arrangements nro being mado to transfer the entire group of Stnmlard Oil lunna fYnm )m curb mni. n. thP st0ck "change. Other oil stockB were irregular. Ar knnHna Nnturnl (5ns dropprd from IVS to 8, nnd Elk Uofcin was traded In nt 0?4 to BV,. Gufrcy-Glllcsolew as sold nil it Inrju scale mi reports unit nn iip plicntlon for receivership of the com pany had been mnde. It declined from 'ii tQ rii, a new low record. Cnrib Syndicnlo was also in siipnlj, with snle nt to fi34. Tlio fenttiro of the Imhmtrlnl emnn wns tho heavy selling of Colombia Km crnld, which yielded from l-& to on sales of over 7000 shares. Uuraut Jto- tors was bteadv, n'lling nt 25. Theie was a nmall nmount of bttslncs? in Qlen Alden Coal nt -0h. Hast Illinois com mon nold at 13. INDUSTKIALR Aetna Coal Columbia Kmarald .... purant Motors R.mplre t'ood Olen A1don '..... Chleago & Haat III Perfection Tire . . . Htand (las ft LMtctrlc P.,a.nLt'," '-leo nref. u n uiairlbutltiK . .. U s Hhlp Corp .... Un ted 1'ront b'harlng-. Universal aum . ... UlRlj . I'J 23 . 154 . 404 13 J4 (if. 11.00 1 1 4 4 24 X -4 1 4 "4 14 4 14 14 i 4 14 14 4 n 14 5 - 3 1 14 4 i 24 1 4 4 4 X H 1 4 4 4 BT.M).nr 011.H Stand Oil of Ind 04'i INDKPEMinNT OILS Allied Oil Arkansas Nat Oas ... llaltlmore Pet noone oil Boston WyomliiB Carlb Synrt Cltlea Hnrvlr ftititl Cities Hmlca " clti i uies ecrvica rrer . . . , IJenny oil Klk Haln r EtiBlneors Petrol KeJerHl oil !uny Gllleapla iiuaaon on Int Petrol MnracRlbo Oil -Morrltt Oil Mexico Oil North Amer Oil Nohla Noco Pet '. J'ennok Oil 1'ioduccr rtenncrs rroduceri & Itetlnera war Minima Pet Hkeuy Oil Toxon . . . . B .130 It's : at i? . sVi . i . l'i . 22 7f ? Low .V. .M Hi Hi Ti 1 23 28 in ir,;; 4ni 40M in la 834 1S4 23JJ lti IN It 11 62 f.3' 8 1 t r.4 ;. " nn 72 5 .v. 122 124 I7A, 47. jj 4 J4 t 121 12J 234 21 8'i s2 1 1 l'i l' "i 7'4 in sh SAFETY ' IS SOUND ECONOMY ' ALMOST any one can afTord to rent a Safe Deposit Box. Few can afford to lose an article or paper of value. For this reason the small amount of money spent in renting a Box is a profitable investment. Combined with the security derived from such a box it its convenience. At cither of our Chestnut Street offices a customer may obtain a Safe Deposit Box to fit his re quirements. Wc also construct special boxes in accordance with specifications. Fidelity Tkusx Company 325 Chestnut Street 143 1 Chestnut Street 6324 Woodland Avenue West Philadelphia Surplus 16,000,000 Capital 5,200,000 Funds held in trust more than $250,000,000 a, $ S1I.V1NO Columbia .... Commodity Markets COTTON MARKET Brazil and the nearness of July notice dar, Friday next. On tho flijt roll prices were 7 to 8 points Iowor. Ar rivals of coffeo other than Brazilian for lorfc. June 2 Selllne by I.iv- liP "'Shteen days of .Tune were Mfl.7L'5 V?U street and tf.e South ! b'T : Vm " i3J bags. New ernonl. caused weakness in the cotton market at 1o ind that tlrm oilers from Itio the start, first prices being 11) to ;iil a'"' ' leturin have not been in evidence ' points net lower. There was, in ndili-111" sn'c 11 me might indicate that ship tion, much lirjuidution of July and mod- , P''? '"'d 11 higher market there for their eraie onerinKN turotiRU eommi'iion "" niuu iue couiu nmuin in Raw Sugar Market Opened Quiet ."iv iorn, june 20 The ran- iSSl Alaska Brl Atlanta Hlsr Ledte Ilootli Boston ft Morrtana . . . t'ttledonlR Mlnlnir Candctarla illnlng . . . one amer C'renaon Oold ... J'rescont MacNamara. . liundco Ariz r.ureka ( rnniMiN . Eureka lolly Hold Cona Oold Devcl doldfetd Dorence tinlil Kenanna Ho d H Iter liclt tlold Zouh ureal itend Ilecla Mlnlnit Irnr Illonom Jumbo Kxtenslon Knox Dlld .'. MncNamura Mnrali Mlnlnc .Mollier Ul new National 'Iln Nlnlaslnu North Star Ilex Cona Itochenior Mines fan Tov Kllvrr Kins Dlvldrt . . Silver JIllls of Nev .. So Am 1' A a Stand ftlhet Lead Success Mining Tunopuh Jlelniom . 1'onopali 'a ih llo . Tnnopah DUlda Tonopali i:tenalon . Tnmipah-Jiin Ilutl'r Tonopali Mldna Tonopnh MlnltiK . Tonopali Mlzpnh . . Tonopah Montana . . Tomipali Iteaeun IJula t'nlted KaBtcrr Vlrtory tVeat Knd ("on Vhlta uaps Wllbert 4 B7 to :u 70 l'i s X 3i li 7 1 30 11 J.'! '1 ' 4 4 .16 51 0 10 a as 73- 7fl UJ l1 8 S . ' 32 32 IS 1' 7 1 t 2'i 311 ., "l 1(1 12 12 BONDS THAT HAVE MARKETABILITY SATISFACTORY YIELD ESTABLISHED EARNING POWER WEATHERED TWO FINANCIAL DEPRESSIONS will be found in the appended list of Railroad obligations, most of which arc selling at nearly the lowest prices in their history: ,ll an in in 14 )' i: its f 3 4 '4 l'.4 I 4 T'4 7t4 II n ri a t 1 20 IB l I 1 'i ", s 11 l'i , a in 2 A Anin Tl Amn Tel 11)22.. 1021 BONDS "OH' 1 i 7'H Vn w w P2 s 12 li T4 Wfi- hi. ;U 1 1 1 21'.. 17 .. (II li 1 U . . 72fl 13', houses bn-ed on continued fuvornble weather in the belt. Trnde was aetlvo. At tho end of tho first twenty min utei prices showed rnllics of about ." ov 6 points from the lowest on covering by the room. Prtv. Clone 11 21 . . . 12.1 3 . .. J2.."i3 12 71 IS Oil .1il t irtfb. r Vf mbor January .Uich Open 11 nn U l0 12 3, 1."n 12 h; 1 P -TI I 0 ,'i2 II :in 11 81 M I's GRAIN Chiracn. .Tune MARKET 20.-- Wheat started 2f 20 Net fhaiiBft niade by eomparlflon uttli laat nale nn Nev Yoi U Sto' k Kxrhance Pennn. & N. Y. Canal I'jb, 1U39 Pub. Sen ice Corp. N. J. 7s, 1922 Niagara Falls Pr. (is. 19.10 Cleveland Elec. lllumtR. 7s. 193.') HEftRY D. liOEiH.MG & 00. wroiiv Atii.;,f.r, itiii.invn Illr"t I'r'-le Trlril.oiii to New York Sli'tnlxTi I'lilta. Mot' I. i:xiliiini(r rim, M)i:i. nil nnsni HlflO I iberU 'Jcl -I1,- IfKIO riiy -Is 10-10 2i H HI Kin-trie & people's In.. HrflO I.eliisli Valley lis 2000 IVnuvkhnntu O'-jt HOOll Pennsylvania ft's 2000 Plilla nice n S -I oo':, Oil 81 lower for July nnd r to l'C off for tsoptemher. reiiin!; mi led bv a lirnker Kupined tn be aetins? foi a lendini; elevator intcrcM. There ni pressure nli-o by Knsteni conimih sion houiP4. lleeelpth Inspwtpd Sntur ln were fifty -four curs, lust year nine enn. The ensh mnrket iuk relatively steady, with premiums on hard a sbude finner. Export demiiml was quiet and claims of resell iliir an- Ih-Iiik teerh-cil f'liitntn offerillK'- " nrrivi were lest eon . sunitnu countries. Santos also teems able lo muititnln prices far above a parity of this market nnd transuetlons in the cost nnd freight mitrkct hare been very lh-ht. Around mid-duy future prices were ; to 10 points net lower, the market hold -ins hnrelv stendj nt the decline. Thp fontltiucd declines in Itio exehanirw rate on Ivondon. ronnleil with i.,,. I liquidation nnd n-Iling on the npproni-h oi htm nnuccs nay tor .inly contniets, hno hnd a dcpressinK effett on local values. Pre Juh .-'i-ptomber IJ. "mber Mau-li lllcl cuu innrnei ciorer firm with a f . .,,," i"in ma i-O iB, l2J of trad., nt R parity nl ' 4c dflncred i .Anaeonda 7s. 102!) .. and output leflpara participated in ? Armour 7a . ... hujlns. Tho market ""rintA lr t. ,,.,'!,,.-f',"l T lu3-' prfraliit Tor sale, nn the auini, tf?m ,i, . rm n"f" "' s" are other bujina- Intofe;,."1! oeal r'n. L I J'."1 ''" .?"" "" iii.in.n me M.,jl, c..nldor -in lo,,i ' "IT't (Miri M IP23 full dutv suirar i.t .llcbn, nh.L' .n'. opper Kvport Ss. jp.-l tnar'.et levels l'rMa t aale. i,. lnlma ," 4(1001) bas-j lHrtoJlIrn, iSf. lnn n' . ,!",ml T"1! K ll! half Jul- ,hlnm,n. , Jl . ,6,19 .Ju".-. ""' 1ulf Oil Clone 0 OS -f, '111 ( 44 n ,i fl st. r, 7 7 13 7 0 LIVESTOCK QUOTATIONS ,7C,'!;mOK,, J.Ur.'' ! CATTl.n-n.ee pta 17,1100. !)r-fd atciira and die at ik fti.inK to IV- higher; plain and Krann k'l'.ln atea.U, ioi jearllnn. JO. 13. handy w.-udit atccrn. fs.ST hti.lt hutelitr atock 17 -"iffl 8 50 built fat she ttoek. l7-,ffr. 2.'. .i,ri iith anil (Uttera largely 1273 ,",u. 1 ull k mi iiilvia ptncknra nn'l riders Hr..., l.nli.irna Imlla larai.lv S4.2.1S I ..Vi i.,... i. . .iX "J.T",,V., '''. "' American neflnlnir l:o Jime iarlj July nt 4c. i. i f il.n.n,, i ".,,nlCh- J Mefahsn I-oeal rellnerV heuirtit h200 Ni Porto Illroa freonrl Inlf June riiit half Julv shlpm. nt nt 1c- c If fniT,1""1 I'V'1"" ''aB" I"no rtleo,.V,,nl half line- phtpni. ii' at I- c l f drllvircl n.l 2!,f)dn baa .-n n'mlnrea, e.itars m port nrd ex-atoi, illouid.ited nt old dun i t 4c, dutv paid. d. .H.fd. Imrnrtatlons "of Mieai-. June IT is Included si mix, mCH r-iiban tn HouHl. 20 oi tAca Ci,oa t.i w."eVl?r, as-('"n ,,n l'"l"'s to Impiirte.a Hi.OfiO l.nit Port,, Kb to Anirrtean SuKnr I'.onnlnar '-o r.ooo Iibi;. i'rto )iirH 0 reJral, XOOil b.ia Pnrto rtlnis to ArlmrKli ''rL t.Jiu0. lia""o ,,or!n n,l"'" ,n iiniairtora and 2010 liana flan Ijonun&oa u ("Tiiudn A It re flncrii eontlnwd h rjuote .1 r.iv rn for 2 rer rent for tin' urimui itn The volume of iiijw tuilues to the i loe of the v. ail. wan llclit. Reserve Banks' Discount Rates Official tedlfcount rntea a, ho t-ichc fed eral lliwiii UankH are as fohon-i .T.rH'!-. ';lh l'0, ' Iikrf ,-i. . imiiun l-ai'T. Aerenl 79 ! libcrnl. Weather report.s o far leceived i'J'1,?"! mostly t&.2An.:j, bulk a eaii show onlv liKht mm t teed hliowers hmti' -'l8-j the major part of the , belt. A foW mZ ht,3i,,?thi,S"1Vs,eA,'1r (Irncrut Uu A. I.lritrlc Co, V rlliU l(illvii. & 1'itnrr . rhlja. Itlpld 'iV .iii-lt ( u. ?lillnilrlilil.i ( vn.p.iut I una. rorto Klro (i-in I uiiinuiij IliUrnallnnill K. nf ItiitTilo Slnik , (IS 0iU S'a I'JJl A'a Itt.M-RJ ,' IPtfl I ,.AI. ,n iu.io .i,IMtt in DIVIDENDS DECLARED Wenmrn raclfle Ttillroad ( nrp uunrterly ef n 5o on preferrd pajahle Julv t to Nti"-k of rweord June 21 Panhandle Pioducln and H'Te'err f' nuarnsrij of 12 on prefeired pavable July to Mock rf record June 20 WlTCnnnln Ed on Co., tl. poable Jun CO. 1021 M mufaetureia' Uuht and II at r nuni ('rH uf 2 per cnt. paabln July J1 m etnek of ret nrd June ao IlarVilnon Walk, r nefr.ietor'e To. quar tI of 14 per cant on preferred, pajnblo JuU 20 to Mock of record Jui tl ll Am,rli"i ( ablen Ine. ntnrterlv nf 1 paania July m to stock or lecotd I Qamiinl It' Pliillii X, TV of !J it . ent. pahle UU'iiut. 1 . J. 4iiiii3 --v vi, ,jp or r"coru on Juni Mrrulifrn rhlbxlel hlu Klerk ICvibuiitc ntn t ni.srM i mi i:i;t i'Ii. iiK'i Rallttav liqulpnient Co 'niirtnrh liny I in KtofUlioi'l- p.-r cent to HtncU C. S. PATTON & CO. Bit 1 (lllTNI T ITS. HANKERS neci-er to 8AIM.TS A HTI'.VNHON llnnna unit .-decks hu-illit anil solil iiennur l-ni'n wreck Kxeiiimee A Co ouarierU of 1. f.'iied paablo September r.t'ird AUKual l.i ul win Mrf' h'ner fD rjuarterh of abl, lul I" to Hon, nf rei-nrd Jul t e?iii il Cna1 nnd Coke Co. fiidtteri it J, un ir"t i f d and fl nn nn '-omnr e, 1., ih i ,i .il.l J'll IS ih rnirlier.J Jun" ."0 IV on pi ' ..f r.i I $i ! isolated spor. nun luterui preci pita tion. Teinperntures shoe( little ( hnne. 'Hie International Institute of Agri culture at Home (-.ilnuifes the world's stocks of wheat are sufticinit to meet nil ncisls nnd leave a Mirplus of ."1,50(1. 000 huihfls. Sentiment in tin- trade js btlllish. but outside interest is not large, and incentives to buy are needed to make for a miIiiiiici advance Corn stnrteil 'nc to OsC higher for July, whii'l- M'itIii'iI Miilteied com mission hn'i-e utippoit. September Htarti'd 'm'- t" r,c lower and tho gen eral market broke shnrth nft.'r thn (ipeninK, with liu.Mtic support weak. Onts started l(i' higher for .Tnlj nnd ',( to ' C liiclier fur Sepiemher with srnttend oim il-eiou hmisi, Iiumiii; Im innlinteh- nftir the stall the mark -I ran into 'ellitu; hi 'i-iils nnd broke. uciuko. eonie nsnia nna mixed up mnr practically ull sold early. Top, f no hulk s.ir,WM im nto, fUiiy :.;,u i,uthar bulk', desirable, JS tOSR 25. SHEKP lteiilptH 10. 00U head. (Jenei alh fiOc t,i 75c hleher eonia heavv eve- up mere. Idaho lnnihi, $12.(1" stialcht Ten nailvea early, 112, Home he! J htuher bilk nath"H eirlv (It T.lffi:. t rhiib-e x, natHo ohm, l.'i bulk f.it cms, 13 50f(H 25 r-lltsbureh, June 20 'TI I.K-!t."-epi, ISoii head Lower h.e-. js a;,f, s 7-1 I ire h J7 2V48, i,u ! 5f tt .10 i,,,,, rocilplB IS," (1 head. HKadv Top $11 I (Oils rteerlpta. OSiiu head lllaher lleaitea $s'i5i8hr.nr lnay orlieri iiKi,t jorkeia atid pli.H, IfliTitl.-jri. SHIi,i:r A.NU l.MJIf - Receipts ,00 bad Iiwer Top sheep $5 25: top Limbs $11 25. Ueton it rt New York 0 rt I hllirt. Iphl 11 5'j i-b'veland .... (I r, Illelimond O n Ailantu . . 0 I I IriiKn .... a (! S-t lelllU It I Mluneapo.ia 5's ti Manesa i it tl 1, Dull.iK . ! II .s in I'ranelrco . (i (, Dlaenunt tato lorreipondu rie i-irnu ny wnuirnii". plcdsed aa eollat ,"i, ..ii 1. -,,, ,,,,.,,, ... u it. ,'ii, in 1 rii of Kane-is L'lty. ii n n 11 r,i4 a 11 (t a '. 11 'l'i fi 11 fti, il's n (I r,i(. d's (I ' rt q "li lntereat caso I United States Treasury Certificates Int .Maturlnc ' rtnto Iato AJlf , IU21 lie nx (Jo lliimbln Oil Interboro N V N H II Seara Hoebuck 7 -" ar" ltnehiiek 7 s 1) N V tl't v . Hun Oil 8 r.lft "a . . Texan Co 7h Vrdled Drm: s Vaiuuin 7a . . . 1I22 1U23 . 0Th, . nr. ,.100 . fi2ti . II I'll . I2', 501. llll'i . IMI'a fi, !'.'! nn, P54 . H7' , . n3. 74 , . 5(1 . !7H . IMI'J HSN, l'i . . H5 . HSlt . 100 .1(11) II V in 2', 07', UBS 101) 112 II 4 S ri2t, 5(1' 1 llll'l 11.11, ini ll.-l's n:t' p.-.Lj U7' H5S P7H lull !isi Pi)', I'54 Pf,4 100 "PS .IK HI 5 14 15 5 r .4 i' .1 1 in 4 1. Y s 11 l' r, IP 2,. P7, p.iS ion iij PC, P2', 50', 1111s. ims fi !'-t'. f'T, P5'i P7' P.V, T4'. 55 Pi'-i till', OSS ll'l'. Interest Continuously Paid Since IIlKh Since 1317 Prtwnt Pric Atlantic Coast Line (L. & N. Collat. 4s), duo 1952 1002 Balto.'& Ohio Conv. d'i-s, duo 1933 1013 Balto. & Ohio Pr. Lien 38, due 1925.. 1808 Chesa. & Ohio Conv. 4,4s, duc.1930 1910 Chi., R. I. & Pac. Ry. 4s, due 1934 1904 Colorado & Sou. 1st 4s, due 1929 1898 Kan. City, Ft. Scott & Mem. 4s, duo 1936 1901 Kan. City Sou. Ref. & Imp. Cs, due 1950 1909 Louisville & Nash. 4s, due 1940 1890 Rock Isl Avk. & Lou. 4V4s, due 1934.. 1910 St. L., 1. 1I. & So. Rwy. Imp. & Ref. 4s, due 1929 1899 St. Paul & Kan. City Short Line 4 Vis, due 1941 1911 Sou. Pac. R. R. Conv. 4s, due 1929 1909 Sou. Ry. Gen. 4s, due 195(3 1906 Union Pac. Conv. 4s, due 1927 1907 Bonds marked () net 8 or over. All of the above securities arc listed on the New York Stock Exchange. Statistical Report upon Request. Vn fiiitoe prompt execttHon tunic your orders read "At lhe ilarktl" GARRISON & CO. 1030-32 Widener Building, Philadelphia Members Telephones Phila. Stock Exchange Bell: Spruce 8370-71-72 N. Y. Stock Exchange Keystone: Race 9721-22-23 89 97' no-Ts 86' SOU 90 70 's 91 07- 742 8t 75 88 77 82' 67ti 67H 81 72K 64H 78 63' 74 79 65Ms GBti 627 76K rGU 811 FOREIGN EXCHANGE New Yorh, .tune 20. -The fnieiqn pxehnnce market opened tuiet lm Meiidy with slerlinc quoted nt ;j.so fni t-nbles nnd a. TOW for (lemmul, n frm tlonnl improvement over Snturdn'. elnie. The other nitijoi- cxehntigo (i recistered slight Rnins. Quotations were : Prune rnbles 8J1, eheeKs 8 2,V Tie. 1,'inn cables H.V2. eheekn S.ll': lite enhlcH r.(lH, checks .".OSK. ; Swius enhlis ji.im, 1'iii'ciis I i.ibi ; peseln 13.45. rheeKh l.'UIl: -nll.inr clieel;s n.'I.IO ; Stnekholm rib c.'ibles eiibles cilbles iceKs 122..10 : fh,.!L.i H ";. checUl. 1.(1(1; ,p,.n,nK,.n ..". fiieiKs ii.;i.ij mnrkb S-I.ed BAR SILVER i Iioni"'!' bar "i -New York today it ti')i lelun, 68Ve an a,iani ol the vtu uii mtu-r IAS umnaiMed i er. uno ounce lor He. in i.onaon vt 337id. V.nnt lliifriili., lime 2U. fATTr.r. u celptH 5751) heart I'nlrlv aellvn ahlpinnic H'-era 15if25c lilKhi)r Shlpp.ni, te.Te f 'a X (In bui' hera, 17 50 iff" ir.'iiliim s -i fill 25. hetfera 1,14(7 75 uua J2 25 'l I! bulla JI25TII, Mock? mil fn.'.lt rs -, v, 7 fr- "li eoji .ind aprltmers .".(i1f Un 1 Ik,. rr..,te 2SIIU h'm; I'lfU e'l-lH Ion it- 1 'it 1 J IIDilS ItirilpiK 15(111(1 I ea.t Xie,d' l '.'.( bmr ITea' fs7.ip mixed ,n,l vinkei-M J04IU1U, HkIiI lerl.erii ant) plaj. (l -.' . imlKhp til. Hlliua 14V5 50. .-linKI' ANO LAMIIf -- II 1.1. juini hi 1 r -niU I rn' 1 .".'' 12 tr,. poslblj to the rnther etiHler cuhlcs from s b6. e'wci, UOi'so mid 'sheep 11 r,i'tf5 tr,s ') Sept Kept Oct . tkt He , I'Vh., .Mih. Juno. Jun, 1021 1021. 11)21 1H21 11)21. 1022 1922 IP 22 1022 MM 1 10i) inns ins i :t-j ii,iH I'ju .1 ;u ino . 10OA Km Km', 1,,0 leu Ylld l'i' . I-' I S7 I'm ;l .1.' 5 un 1(10 7-',2 :.w, .1 01 12 5 II 514 fi 5S T5 IV.'! hJi-rainirom norirnu i.irrai In.nm. i. tAceeptftble ror p.ijm.nt ut Inc.une ta due on dato of mutllrlt ' It id,', lon.s, inns liid.s H1.1S Id 5 57 5 311 5 45 5.70 33 45, T2 .Vi. rnbles t-nbleN 1.151., fcntrnl Luro)ean exchanges ,e,-o rCr.?ulnI-..,1'0(,k wis sliehtb belter nt (1..I,!. Othein iierc: Itumntiln, l.r.ti HiilKtirmn, l.'JO; Austrinn. "ti.. l.'tl'fc ; .ltiKo-Slnvin. ."1. The rnt'c of iireiniuin in Mnni,..i ... .l ... ;. . . .....eni I..- ",' "it .' ltii-K iuiki-- wns rj per rent. 'Dip rule of dl-cnunt tn orlt on t'ltnsdinn fululs wns 11 per cent. Hi Ne 1-111 NEW YORK COFFEE MARKET New Yoilf, .lime !.'(). Tne rofTo.-' futuies liuiiki't still mainliiiueil its down wnrd tendeui ; this iiKiniiliK, duu Prices Firm on Paris Bourse Purls, .lime 2n. - Prh.a um II. m ,,,, ,i, II..,.. a. in,l.n Thru ..r , , nt iVnle, fi, f rnii'- M cntlins, t. h.nii,n on i,n,j,m , fin.., Jll ee.ttl.iii.a, lie pi r eenl Innn' S-.' .,..,., n , ., -ti. 11,1. -i- 1 11, uuuar ttni l 1 . II ,1111-H l I'll (. Ill 1 111. a. MUlll'd Coco Cola Defers Dividend Ml, mill Im, 2U 1 un iii, 1 , ima ibferied iitjott on tin ptrferrei) dlidi.,l ':" ."'.'III? "", T,p '"I eeml-annual dlvl ilend of 3'S. n-r cnt waa paid on Januarj 1 HA'rrniiAY s ( iadmno fiuoTATtn.vH I THi K aWa lAt "ulldera .l.SU H 20 5.07 a.'l tie TOliAVH OPi:.N-n QfOTATlfiVH I.Ira (lulMcm ;r.i in 3.1 13 NOON QCOTA TION.s Hlerll.iB rrii. a I Ire i.i.,ir. s id r, (17 "ii ft 071, . Iiemnnd Cables Pemniul Cables I)t'.ua.il Cablea iln rW M.eriiiiB rr.mua SiS1 S'-il r. osi a. so 8 21 5.ou 3,77 :t 7H't THE surplus and undivided 'profits of this bank four million, four hundred thousand dollars represent earned money solely. Central National Bank of Philadelphia Chestnut Street at Fifth Capital $i,oco(ooo Surplus and Undivided Proiu Earned $4,400 Hill BANK CLEARINGS inns 'learink'H toaav mmp.11 leapuiuliitR da hint to Ma. a H'l 1020 Hip, till 780 843 IM.7V1 7IU inn.i'ni - '?' "f?-'? 5"S U JI0 182.5:11 us. ou 131 103 rinu K. York llobton 3S.D75,5bt 10 003l.'7 t'WbUH(itJ(, HENDERSON & LQEB Members New York and Philadelphia Stock Kxchanget 1410 Chestnut St. Public Ker. N. J. 7h, 192 Amt-ricun Can 5s, 1828 u-attlc LighlitiR 5h, 199 mcricnn (Jns 7h, 1928 It U II.. I. Unn'lun Cu 11)27 I. a. I Ull. U1.-4HVW . j. BAUER, 8TAHIIJ I nil TIM """ ';:, HlrtM, : Direct Private Tclchoc 0('-v m 1 i I i I .fc- rij .. A.. ' j u -.ir.a'iliiSJef". 'Jr" Vi ,v.tstfy,vr''fi'e