4Wp$WP5'S!p Rir"" (y iivjr' ' "''HSjl "&::, t. ' .'?.,. 'V A, A 'V V . 1' - I I' l 18 EVENING PUBLIC LEDGERPHILADELPHIA, WEDNESDAY, JULY 13, 1921 ,n -is 1' Rr A I I 'Iff M- rFV, i m m r. ) . s 1tf '.- i IW SCALPING t, 'i-H wv- $u&:il Vew Issue Commonwealth of Pennsylvania Scries "C" 5 Highway Bonds Dated July 1, 1921 Due July 1, 1951 Free from Pennsylvania Personal Property Tax. Exempt from All Fed eral Income Taxes. PRICE 101 and accruod interest, yiolding about 4.93 The National City Company rhtlncUlphl.i 1421 Chestnut St. Atlantic City ChMfonto Block 1225 nonrdwBlIt NEW YORK STOCK EXCHANGE TRANSACTIONS Interest Centered in Few Spec ulative Specialties, With Rep resentative Shares Noglectod Stock Market btu-H la Pro-War Levels Circular PL-60 tent on reqite I, together ullh tur booklet, Inueit-ment" IS a definite change In the price trend at hand.' THE stock market (or the past twenty months ha been dis counting the effectj of deflation. AVERAGE prices of . both industrial and railroads are at the lowest level since 1914. BROKERS' loans arc lower than for a number of ear. The banking ros'tlon h undergone decided betterment. AND business condi . tlons arc now plainly showing sign" ot improvement. WE have prepared , circular cover ing the present stock market situation ant. uncovcriti; many in terestini; opportunities for investment. &BRtE5ftClRRK50NfiS 66 BROADVAM NEVYORK TELiBOVVUNO OREUI 4020-20 . Business, Foreign Trade, Bond and Stock Markets are all reviewed, in a concise way in our July Bulletin. In view of the unusual condi tions existing, we be lieve every investor will be interested in this leaflet, compli mentary copy of which will be sent on request. In addition six securi ties particularly worthy of consideration are described briefly. Hemphill, Noyes C& Co. Kmbt Nw York Stock Ezchmnl Franklin Bk. Bldg., Philadelphia New York Botton Scranton Buffalo Albany Syrcu Bolt'oon Now York, July 1.1. Dullness and Irregularity continued tho otitHtnmllnij feature of today's uninteresting stock market. Prire llucttintloiiH represented almost entirely the sculping operations of tiiu professional traders. There wiis reallv nn ilclinito tendency for any lenutli of time. strength, heaviness and "tendinous following In ijulrk silcees slon. Speculative interest centered in n limited number of linliiftrlnl speelaltles. while the cliiuiKes ntnong; the rails and leprenentntive industrials were slight, but lniiinly downward. Ilntli the financial arid market com munity were favorably impressed with President Harding's strong statement on the necessity for revision of tnxes. refunding of debt anil ndiustment of foreign louns. The litritu'lal district, however, was In no vv.iv surprised by tlie 1'iesldont's views In that thc. tal 1 ed entirely with the distinct construe tl.e policy the Administration 1ms as sumed to bring ubout for a speedy ad justment of the general business situ ation. As teclinleal inlhienees rather tkm outside conditions for tin- moment carry the greater weight the incident cut n verj small figure as a market factor, except to lend further encouragement In tin- growing belief of the turn In the rnii, I for better conditions Is growing c'" i- each succeeding day. Another sij.ii liiiuit ili vclopmciit which also fell tl.it but still of far-reaching Importance as the unilcp-tnndini! that the issue of approxii. lately $i:"J,0(M.(l()0 treasury ce'tillcatiM nf Inili'btedness falling due this week will lie taken up by the triasiny wltlio'lt the nece-sltv of ni.ik lag a siniilar lsue In provide for the refunding. This indicated a mntciial slreni;thenllU of I lie position of the Treii nr.v, and mniing . it does on the eve of the crop movement was con sidered liighl.v Mgiiilicant. While the (iiivernment wilhdrnwals tomorrow are li'iilv to make money tighter during the balance of the i"'k. this condition was ngarded as temporary. 1'iirtlier covciing of short contracts inip.irtid a degree of striu'tth to the inrlj market, hut the deiii.ind tilhor wise loutiuiKil limited. Tin se opera tions, however, were practically con lined to those Kpcculnthe specialties innimanilin;,' foremost attention in the reee-it liquidaliug movement. As a mutter of fact the market practically leuteml around a baker's dozen of stisKs. Most of the early gains were canceled within the lir.st half hour. Tho metal shares and .some of tin European oils offered some resistance to the re rctioiiary tut rents, but the more active stocks jielded when motor, blcel and I'liiipnient shares ileveloped pronounced weakness, (ieneral Hltvtrir and Pierce- Arrow were lint li conspicuously weak. I At the same time Crucible, Republic and Hetlilrhem Steels fell one to two points. I Studrbaker, California Petroleum and Pierce Oil also denoted pressure. Following the program of the two preceding t-rsslons the market becu'ue intensely dull on the declines around iiiidd.i) . L0CAL TRADIISG I AGAIN COLORLESS Pennsylvania Yielded Frac tionally on Moderate Offer-in-, P. X. Pftl. Firm Pules 70 ajo loan too S3 4oa 100 too 109 103 too 100 400 too IB 400 100 ISM 100 ' mro 201 Ml 19 3S00 1300 isnj too son 001 too 100 " r.oco 400 310 4.100 too 103 100 350 41D 103 '.MM 411 too t'0 3030 K.O OHO I via tnco 301 T3 loa 300 10) 100 30J 00J : ion too 3,10 r,t 700 ! 3t)1 11)1 010 1400 100 100 SOJ 4000 110) 101 300 1000 .10 1(1 too .100 7 HO .1010 MG0 400 300 101 001 .1100 301 510 100 100 400 701 300 Ssoj 100 .11.1 401) 700 100 300 309 100 Dlv. In lltRtl .. Adams Express 41 . . AJax Rubber 21 4 Allls-Chnlmers tuft .. Am Arrrlo Cliem 3(114 7 Am Atrrlo Chem pf... 03V, . Am rnn sH 12 Am Car ft F.ly 134 7 Am Car & Kdy pf 100 .. Am Cotton Oil 175 .. Am nruu Svn H .. Am Hide & Lenthcr. . 10M . . Am Hide ft Leather pf 3'4 .. Am Intermit Corp.... 34 V .. Am Unsfud 24 j 0 Am lAicomotlvo 81 ., Am f-'nfety rtazor 4K, .. Am Ship ft Com 7t Am ameit & Ref pf . . . 73 7 Am Sugar lief 0714 7 ft 0 10 Operations in the local market pre sented nothing in the way of novelty I compared with the recent colorless ms j hinnii. Trading continued on the same , icstrlcted scale with inconsequential price changes Only three or four stocks receKed any attention to speak I of, as the transactions in the balance I of the list were of diminutive caliber. Freer offerings were made of Penn slvnnia Railroad with that stock for feiting jestci day's reci)ery and falling Mil Suirar Rof of s7 Am Sumatra 63 Am Tel A Tel 10.1 It Am Tobacco 133'i 13 Am Tobacco B 120 JS 7 Am Woolen 60 7 Am Woolen pf ni',$ .. Anncomln. Copper .... .isj-i 0 Atch Top & Santa Fe. MS 5 Ateh Top ft S F pf 7'i 7 Atlantic Coast I.lne. . K4J4 .. Atl Oulf SWISS., 34',j 7 Baldwin Locomotive.. m)Hi .. Ilnltlmre & Ohio .18$ 4 Haltlmon? U Ohio pf . . .10 Hethlehem Steel 11.... 4N4 8 Bethlehem Sleel 8 pf 00 . . Ilrltlyn Raplil Transit 101'j 10. Burns BroT m . . Butterlck 3.1 . . California, Petroleum . 3014 3 Calumet ft Arizona... .1'S Catuidlan Pacific 10DH Central Leather M .. central i,cntrier pr... 71 . . Ce rro do Tasco in 0 Chandler Motors .... 0!4 .. Chicago ft at West... 7?i . . Chicago Mil ft St P. . . 30', .. Chleat-o Mil ft St P pf . ioya .. Chi U I ft Pnc .13 .. Chile Copper 10i . . Chlno Copper 23JJ 0 Clov Cln Chi ft St L pf fil . . Coca-Col.i 304 . Col ft Southern 37 0 Colum Oas ft Kloc. . . . Rl .. Col Oraphophono .... iU .. Connolldatcd DIs Ins.. Hli 7 Conrolldatcd Oas .... Pfl',4 .. Consolidated Textiles. IS .. Continental Cnnilv ... Ja 4 ( orn Products Rcf . ... a.1! I.Bii CoHden ft Co 37! I Crucible Steel fil! 14 3 Cuban Am Sugar 13 . . Cub.in Cano Surjar. ... SV4 Cuban Cano StiKar pf. 33 !4 1 H.iMsnn Chnmloal ... .IS 0 Delaware ft Hudson. . . 00 !4 . . Denver ft Ulo Orando Vn . . IVn ft ltlo Or pf . . 1 H r. Undlcott-Johnson .... tOH 7 Hndlcott-JohnHon pf . . U4 .. Hrle 13 H .. Krla 1st pf 10',4 Famous Plnyers L. . . . ."io&i Federal Mln ft Smelt. . 7 Flsk Rubber 1 1 H Ocnearl Xsphalt 0 General Klectrlo 135 Ceneral Motors 1 1 Kj Groat Northern pf.... 0014 Urecno Canane.i Cop.. 31 14 Hupp Motor Car 114 .00 Indian Reflnlnr; 7H int Harvester now.... lay, 8 I .. Int Jler Marino 11 a Int Mer Marina pf.... 404 . . Intcrnat Motortruck . . 30 7 Int .Motortruck 1st pf. OS .. International Paper .. MW .. Invincible Oil Corp... ll's .. International Nickel.. HJb . . Island OH 3 .. Jewel Tea U'A .. Kansas City Southern 2C4 4 Klly-Sprlngnlil Tiro. 37 2 .. Kennt'cott Copper ... 194 .. KojutoneTftK 1"!,4 .. Lackawanna Stoel ... 30H .SO Lehigh Valley fil 13 Lli-Kett ft Myers Us Low 4014 3.1 30 J.4 30 , 03 35 M 13M 100 17 M 41i 10S MV4 3114 81 I TA 7? on R7 U 103 1I0M 110 Ol 14 04 Vi r.7 S3Vi 73 Jl 84t4 23 Vi 74 H ,is!4 30 47 no 10 son 3V'4 30 IKS losafi 35 !4 71 20 oOKj 20 Ko 30 ,31 10 J-i 22 JJ 111 30'j 37 34 5 HI, S5H 15 Vs 1,5 37 Kb fit 1314 714 2 1 "a 35 oni4 3i no 01 13 1914 49 7 11 ?a IH'j 111 'A 10 Ji 0ll4 31 14 11 7' 7816 1114 ISJ6 30 OS 3314 10 14 34 014 3514 30 ?a 10S 1314 3ti n 31 16 US 1:.10 Net Cose Chs. 0 14 21 30 J -3016-03 23M 12IK ir3 -17 44 ioh 31V4- 3114 3414- sl - 41--, 714- 73 on!4 67 - 3114-102M- ltn ito (1S- nil4- 3i N2H -73Ti J4 -fiOK, -4714-09 - mii- soh- 2.1 - 33 - 45 54- 10SH- RM 71 20 501-a- 114 1 1 "l4 1 V4 "v y 14 1 !4 H 1 14 1 Vk W V 14 14 '4 4 14 5 '4 T1 1 1 Vt 1 8 l'j H 20 W - 30 J4 - 31 -4 -10j-23J4-01 -3014 -37 51 58- fi -S"A - RS14- 15 H r,a - 37!4- filH- 131 m 21 "4 35 -00',- Vt CO - 91 11.1 h ID' - 5014 7 11 41)', -131- 11 01)14 31 '4 -1V4 714 7314 11(4- 4816 3D OS -3314 -IO73 -14 4 m 014 -3316- .10 Jo in ': - 134 30 51 lis - 14 la H la 114 H 1 'A '4 14 1 56 14 .1 ',4 - 14 Bllloa 300 100 100 300 100 200 S000 100 200 1 100 loa flou loo cr4oo loo 10(1 200 200 100 2 1011 4011 1 100 803 2000 100 200 100 100 100 10U 100 11)0 1509 70 300 100 200 200 100 cooo H0O 800 100 1500 100 1C0 200 20) 000 300 1000 too 2101 1300 200 100 103 30 1 100 003 100 1100 300 4110 1300 100 200 1100 17300 333 200 nino 000 200 2700 2500 100 1100 1100 100 230 2500 1.190 800 (jSOII 300 0500 300 500 400 109 100 109 2.10 100 1109 1.10 3(j0 310 S00 800 100 Dlv. In $ lllili . . Loowo Co 10 1 Loft Candy 0 13 Lorlllard Tobacco ...145 7 Louisville ft Nashvlllolll 1.73 Manhattan Shirt ..1 3) .. Marland Oil 1414 It Mexican Petroleum ..103 3 Miami Copper 20 1.00 Middle, States Corp... 11)4 .. Mldvale, Steel 38i .. Mo Kansas ft Toxas..f'2H . . Missouri Pacific 20 .. Missouri PacIRo pf... 38 .. Montgomery Ward . .0 17'4 .. Mulllns Body 10 0 Not Enam & Stamp. . 43 .. Nev Con Copper 11 New York Central.... 0BJ4 New York Dock 3014 New Yoik Dock pf . . . 31 New York N I! ft H.. 17 H Norfolk ft Southern. . . 10 North American 03 Northern Pacific 7.114 Nova Scotia S ft C. . . . 24 4 Okla Prod ft Rcf 3 Otis Klovator 01 Otis Steel UK Owens BottllnK 37 H Pacific Devol Corp.... 914 l'flclllc Ona ft Kloc. ... 5.1 Pacific Oil 31 (4 Pan-Amcr Petrol .... 4014 fHn-ivmer u T4 2 Pennsylvania R It 3414 .. Tcnn Seaboard Steel.. 814 .. Peoples Gas Chlcarjo. . 31 . . Pero Marquette 30 .. Phillips Pet 17J6 .. Plerce-Arrow Motor . . 1014 .. Plerco-Arrow pf 3S14 .. Plcrca Oil 1 8 Pierce Oil pf 34 3 Pitts Coal 55 .. Pitts ft W Vn pf 74 8 Pullman 0016 .. Punta Alcgre Sugar.. 23 4 Puro Oil 30 .. Ray Con Copper 12 4 Reading 0S .. Rcpub Iron & Steel. . . 4fl . . Republlo Motortruck . 1314 5.20 Royal Dutch N Y 3SJ4 .. St Louis Sin Fran... 2l8 .. St Louis Southwest.. 24J4 . . St Louis Southwest pf 3314 .. Saxon Motor 3 . . Seaboard Air Lino pf . 014 .. Seneca Cop Corp 15 .. Sonrs-Roebuck 03 J4 .. Shattuck Arizona Corp 0JS .. Sinclair OH 20 14 .. Sloss-Shertleld 30 0 Southern Paeltlc 75 . . Southrn Ball 20 .. Southern Tlwy pf 4314 3 Standard Oil of N J. . . 13514 7 Stand Oil of N J pf . . 10716 7 Studebaker bl 1j 1 Submarine Boat Corp. 5 .. Superior Oil Corp 5 3 Texas Co 31 .. Texas ft Paclfto 23 t Texas ft Pao c & O. . . 18 0 Tobacco Products .... 55 ja .. Trans Con Oil 7 8 Union Bag ft Paper. . . 03 .. Union Oil 1014 10 Union Pacific 11014 8 United Fruit 103 .. United Rwy Inve3t... s 3 United Retail Stores.. 54 .. U S Ind Alcohol 49J4 ..US Realty ft Imp... 4814 ..US Rubber 4814 U S Rubber 1st pf . . . . 95 14 V S Steel 7114 U S Steel pf j.. .I00J4 Utah Copper 3014 Vanadium Corp .... 28 Va-Car Chem pf 73 AVabash 7 Western Maryland . . , 10 Western IWclfla 24 14 Western Union Tel... 80 Westlnghouso i: ft M. 13 Wentlng i: ft M 1st pt fill White Motor 33 Whlto oil Corp 8 Willys-Overland 74 Willys-Overland pf ... 30 Wright Aero " Lovr 10)4 0 143 110 23 114 00 20 U14 23 3H 10 3.1 17)4 10 43 11 ooh 3014 31 17)4 10 01 7114 2414 2 01 U? 27 014 33 34V4 48 42)4 31)4 8 14 St 20 1714 17)4 37 7)4 31 C3J6 74 0014 28 20 J3fc 08 40 1314 37 24 1)4 3314 f.yt 0)4 13 C314 0 10J4 30 75 1014 4516 1.15 lOOJi 79 4J4 5 33 J4 22 18 34 1 03 10 119 103 8 53 49 48 47 0514 73 ios;, 40 28 73 M 10 24)4 80 4314 50 33 7 3 7 1:80 Nat CI010 ChKO,. 10 .. 0 - ?4 145 114 110 - 4 33 3)4 14 W 14 100 14 30 ,. 11)4 K. 23- )4 2K ri 10- )4 38 - 14 17)4- 14 in - H 48-14 11 00J4- 14 30(4- 114 31 .. 1714 1016 033 71)6- 1)4 24J4 Ua 2 01 - u 37 . 0)4 . S3 31)4 48 -4314-34 '4 51 20 - 7)4- 31 -51)4-74-1)0)4-38 30 13)4 08 -47 -1314 57 31 -2)4 32 Vi , 3J4- 014- 15 03 y, 0 2014 30 75 -20 1516 135 - 100JS f0 - 4ft- 5 3.1 J4 -23 18 34- 7 03 19'4 119 -103 - 8 48 -4,8 93)4-73-108 ft -30J4 r 7 111 31)4 80 -48)4-50 3.1 8 7ft 30 - 7 14 )4 14 16 ' 'A 1 2ft 16 1 314 1)4 1 A V 14 lft 1 H 54 Ya ?a 'l4 1's ft 1 14 2 3(4 ft ft ft '4 ft ft 14 ft ft 116 i'A ft ft UNHID TRADE IN CURB SHARES Cities Service Common Hits Now Low at 104 For eign. Oils Heavy New Yorit, July in. Iluslncss on the Curb llxehaiige wns Maoll today. On a sale of 100 shares, Durnnt Motors was traded In at 2014, ORaintt Its high of 'JS yestcrdav. A similar lot of Aetna Kxploslve certificates sold at li!. and 100 shares of Car Light at 02c a share. Heulen Chcinlcnl was trailed In at la'. ('ilea Alden Onl was the most nctlo feature of the industrial list, falling from :i2'U to .'11!. Cities Service com mon dropped from 108 to the new low record of 101. The preferred stock was lightly traded in at 42 to 41'j. Standard Oil of Indlann sold at Co1-; to Oo'j, and Anglo-American at 10:U and 10. Foreign oil issues wcro heavy, International Petroleum ranging from 12V4 to 12; Mnracalbo selliifg down to IUVj nnd Cnrlb Syndicato ranging nt .'$ and !. Shnms Petro leum had Its usual small business nt 0 and 0VS. The mining stocks were strong In the earlj trading, but reacted Inter in sym pathy with the weakness in the other ISSUl'J. IMifhTHIAI.S 11 Acme Coil Aetna Kxnloslves rtf. i nr l.tght CnntliitMitiil .Motor . . . . l.uiuiit Motnin I.miilro J-itod (lion Ahlcn Conl drum .Motor llcyilen chem N J Zlr.c l'orfectiun Tiro Kneel Co U H Ship Corp t' S Steam fnlloil l'rollt Sli.irlnd . Will), Corn Hlrh I.oxv A. M. . 1A l' Hi . 13 12 12 . 113 1)2 112. . ftl ,-.W Mi . 20lJ 2lHi 2lli . D'.'H 82'? Ti'? . 824t 3 Hi HH 11H 73 2!. 17 27 U no It Has Happened Before In tho period of reconstruc tion following a great war, that bonds sold very low, nnd offered Investors n high ro turn on thoir money. Conditions now aro such that mnny Rood purchases aro bargains, because money has been scarce. But, as cona tions Improve, bonds will cost more and return n loss attractive yield. Tho far-sighted investor buys today to gain both a high yield nnd an increase in tho valuo of his holdings. A list of attractive offerings upon request Elkins, Morris & Co. Land Title BIdg., Phila. Membars New York & l'hlla. Stock Exchnnsea Eighth National Bank i niiuucipiiia '! Complrollcr's Call June 30 1921 i (fomlemeil) ' 'H RESOURCES :1 Casli & Rescrvo sannoo,!.' Dufc from Bank- ' o'???-!!1 Lonns & Investments.' C,O60j68B74 u.wiKiiiK iiousc s: uoai j Estat0 113,0000a1' LIABILITIES ' " te,; 'GM7aoM Reserved for" Tiies & i Interest m.,... Rediscounts ::: r-78 Dividends Unpnld ..... 41 30c A. Capital, Surplus and ' ,0 Pr a l1C25i069.oa; total mmrci OFFICERS Wm. J. Montgomery, Treslnent Samuel Belt. Jr.. Vice I'rSffit Charles U Cooke, Cashier ' xvhl V.,,al.r' A"8t. Cashier' Wm. A. Nlolrert. ABat Cashier 4 Trust Omccr STANDAUI) OILS Anjlo-Amcr Oil ' Hl'l Sland Oil of liM Oui ini)kit.xi)i:nt oils G3U Alllert Oil I ltonno Oli 23 ltoaion Wyoinlnu UO Ciulli Smi.I 4 I'ltiea .iirvRn (olil) 10S Cltli-s (service "il" ctfs.. 11 t'ltiea Servlco pref 42 l'tilernl Oil 1A Olonrock Mil 78 Huilitm Oil 33 Int ivtrol IS'i Mnramllio Oil lli4 Mountain l'rnilucta S l'rniluctr t Itcllnera 3H Pult I'reelc J'roO 10-S Slrrrma l'et rtj Texon . . 72 Vlrtorin Oil nvv 4S Z.ipntit 1'rtt I'.-i MINIMI Arizona Patngonlii 57 111c J.idko 21 llnaton t .Montana f.,'l I Ilutte-Ncw York L'.'i 1'nleiAinl.t Mlnliv Cona Cop Mlntu l' Creeaon (Jylil ta4 Ulvlilo r.xx 21 i:i S..h,ulr i:i i tlotdtlclfl Florence 2s illiirmlll Dlvlile IS Heel.i Mlnlnu .'Ill IIIoh.. Sound 2', I MeKlnlry Imrrimh ID MnrSiinmra 11 NIMsalnc 4' Commodity Markets COTTON MARKET New York, .Inly 111. Selling of hedges by the South against yesterday's bpot busiiies-i was about the only pres sure against tho cotton market at the start, and, following the lead of Liv erpool, where viiluci were strong and higher, quotations locally opened thin at an advance of II! to 18 points. Liv erpool mid Japanese interests furnished most of the ih inand early, while Wull Street traded both ways. Afri.r the call, the list acted steady, although prices eased a few points fro' i .....I l.tlllllit ...... -..- . .... , i i i... i .i... i m i.. .. , li,,. hli-hcwr 1 ti it in 1 levels li. I. i lu nil- I" IU.' mil, .,' 'li ..i.'Kittl , '' emr li 1 fl 1 1WI) ,)UI IHHICUS viir iw..m ..... morning. , , The receipts nt the ports for the da are estimated nt 12,0(10 bales, against 2 HIS" bales a week ugo, IlilS.! bales a vcar ago and 21.41S bales two years Our July List of investment sugges tions contains over 160 diversified bund issues, carefully selected to meet the individual requirements of con servative investors. Act: for Circular F-lll Harris, Forbes & 60 Pino St., Cor. William NEW YORK PHILADELPHIA OFFICE Widcncr B!dj. Moderate selling orders caused Phila - de'phia Klectrlo common to shade to 21' 1. while the preferred moved up an other peg to 2ii'-!. 1". ('. I. vvas taken 'in small amounts at .'tlr,4. Kleetric Storage Mattery on limited offerings lo-t a point nt Kin. ' Philadelphia Stocks IIlKh .iinr.ccstor.io:: 10 Leh Vnl. 03,'i Pa It It.. 2 Phila Ins Wire... 221 Phils Klec 177 do pref . 1 Phila II T 1." I'n True. 7s' V (i I Hi.'. not.'. 21'i 2li'!. 17 " .".l'r. IDOtr S Huh -Mn Low 10:: 2i r 211"; 17 :ti'r. 4s 1 IS I' M. 10:1 - .Til-',. 81- Net eh.-a. -1 t' '1 nr ) 1 ', 1 21 H '4 211- "s 17 :u v :t-., Ps K Net ihrttiK" rn'id. tv c mr-.irlKcn with lam s.iio un New Vork Slock Txchanir I'lITI.MIKI.l'UIA r.nno i.ibertv :tvi HiiMHi I.ibertv 2d li',s. . 'ilDO I.ibertv .".d 1",-. . . .siinfM) Liberty Irh i'-is. . I'lnt) Victor) 4a4 . . . ."(Mid I'eiinsvlvania liV.s. leri'i I'c nnsvivanui O'.s. 2DM0 Peiins.vlvniiia in'.s. llOMH Sr,.4i lots Ml US S7.12 IJS.IK) iiia, SISi, !)S ago. Itflv Uctuber .. lieceialmr Jiinunry , March . . Vest, close 12. 11 12 S5 t.1.2S 11)27 13.13 Today's open 13 K'.vi33 111. 11.", IS 4S IS. IS III. US 1 1' M. 1- Ul IS. SI 1.1. IIS ).! ii .lots .lotH MONEY-LENDING RATES M.W MIIIK M iwi on of in I'llerul 'leni 1 toilu) trdlnu ur.d renevvinK , ill ho(h r ii.ih Rt 0 por cm f jr I'llII. Mir.l.l'IHA i'iiH n pnr cent Mine 'i 01 "nt i niinen lal j rtp, r thr.e i, fci n m !hM n per ent N i The.. .ire rnerilv neni'nnl iuutt nuns il.. '..ml rl.. of InliT.'iI In th Htm,, ,f l'inv'viin it llnii flel at II it cmtii !'.u iiremlum ml nmmli'lnn. turn mum' f ,r mlr t In ntnely iliy In jonlie'l nt T iu 74 i'r Lent whr commerelul pjpr from ihli' ' to rlni-ty dnyn U lofti.wl nt 7 I ; 74 in r i ml. mw'TTTTiiogaasr3!aCTJSSgaaa Investor's Pocket Manual A record of stocks tradnl In on all exchanges Over i'70 pngo of eompletu ai.d essential Infor mation am statistics. Sent free vn rcqucAt. muon Mumco STOCKS'FOREICN Ufh. Wl 60MD5 ' 1 MISPLiis 1 PHIIAOSLFHIA iTOCS CXC'IANOC CONSOLIOATEDiTOCKtCMAHClM 1G22 Chestnut Mivet riiuneei 11.11, Hiiruii II11II---.I-I Keistpnn U.tve 7511, Knee 1 137 74 llriiaihuiy X ISO ttli te , v . htainrnril. Conn. Mrliicllelil, Mimn. liar silver , . il !I7 t. BAR SILVER won il hUle r in I.i ndon to ll. S. Int Hat,. T'.'i r. t'll .'', I i'l i-r, 1, Certificates and Treasury Notes Au ,.pt Sept I let II. t 1 1 IVt . Mlh June Ulin Mnfirlly DlllH ll'il 1H21 1H2I )lld Askwl Ylel'l ll'Sl l'i'.'t 1H22 1S22 ltias 121 10H 1.32 101)1, 4 ll'i ion 1 32 10') t 1 71 100. 100 7 32 4 71 ion 1 32 1II01, I H) 101)1, 100 7-32 I IMI 10'lA lljll,', 4 lift 100 1-32 10O.-1.32 .1 '10 HlO A 1(10 1, r. 2S inn 1-.1L- 1011 4.15 ;, j)7 1110 Idll.V, .", (I GRAIN MARKET Chicago. July 13. luly started Mc to lc higher; September Mc to ll4c better and December lc to lc better, with buying by tho same house that represented Northwest Interests on the buviiu ide .vestcrdny. On the upturn, there, was veiling by Kastern and ship ping intircbts. Receipts inspected -terdnv were 4011 curs; last )ear - cars ' The cash market was easier, with premiums slightly reduced. The demand from millers and ex porters Is of good character, but eleva tor interests uru handicapped by w-urc M nf storage space and curtailment of handling facilities by the gram . C vuti.rs' strike. The seaboard reported .IrtO.diiO bushels worked yehtcrday, and theie were additional orders in tliu mnr ket with offerings hard toget. Weather icports up to ( 1. M. jes terdnv show additional light showers in the Cnnnilian Northwest and borne little ircipitatiou at VVilllston, S. I)., and llevils Lake. N. I). Outside of tins, the spring wheat belt was hot nnd lr). Coin started unehunged to V big bet for .Inly, H- t" 'Kc up for Septeniber .nil c to M higher for Deee.uber, with scattered commission house bu - inir and light offering". Oats opened "NC FOREIGN EXCHANGE New York, Jul) 111. The fineign ex change maikut opened this morning with sterling off over 1 M cepts from last night's closing figures and francs uud marks stronger. The quotations were: Sterling cables .'l.(Ki, demand :i.(i2T,s ; fianc cables 7.82, checks 7.81 ; Uelgluu cables 7.(JVj, checks 7.(12'2; Swiss cables KS..12, checks 10.4!); lire cables 4. .IS, checks 4.fi71! ; petetii ca bles 12.80. checks 12.7M; guilder ca bles 81.110, checks JU.Ns; Stockholm ables 21.25, checks 21.20; Cliristiania cables l.'t.ll.'l, checks Ifl.fiS; Copenhagen cables 10.10, checks 10.0.1; mniks L.'llVi. The rate of premium in Montreal to day on New York funds was 111-1(1 per cent. The rate of discount In New Vork on Canadian funds was 12.1-10 per cent. j ( ! reek exchange was lower today at ,1.,1(l. The others were also easier as follows: Ilumiinlun, l.Ws Aiistiian, .1.1: Polish, .(ID; Cecho-Sloviiklaii, 1 .M.I. and .lugo-Slavia, .liri'j. YKSTUnUAY'S TINAI. ClCOTATIONH Sterllnir rrar.oa Uro Uulldors . . S.li: 7.7S 4 .''2 SI. S'J . . a inn 7. so i. .m si hj .4 OI'IIMSO QUOTATIONS Storltnn Kruncs I.lre Oulldem . . S.OU'i 7JL 4.fl7Vi 31. ss . . a.o.is 7.S2 i r.s m uo Financial Briefs Dcmsnd . . . (.utiles .... TODAY Demand ... Cublci DIVIDENDS DECLARED LUatrlct Toleruph i o quar- tu HlelS to sioiiii.niber and JJecemoei eoiiunission house biijlng. higher for with gviud -hxonipl from nun. ml l'i ieml ineome en tAomptulile fo- puymint ef Ineorno tax due un duto of inntiirlt) NEW YORK COFFEE MARKET New York. July 1!L There was a scattered demand for coffee futures con tracts this morning which resulted In an opening advance of 1 to points. However, trading was quiet and the market seemed to bo without special news feature of any kind. The action of tho Hlo market sug gests that holders there are hecom ng more r less uneasy over the ncreas ng stocks, now amounting close to I.-.O.-000 bags. This condition has tempted local trade Interests to sell, together with some commission -house llquida- "iv i ,l,lflnv a special cablo from i.tllll4 --- . Heavy Shlpmenta of Anthracite Coal Hlo reported the ftwoii h unehange(l Th el.lpm.iiiH of anlhn.ilt., f ,r June as and a gain "f .!-. n IN I ? l U m IK . rvponeO n. Hi. At thrseli- liuiei.u of Inf.'i- Tills news failed to have nil) lippre- Eastern Shore (!as fi IJlec. Gs, 1955 ConemtniKh Pr. 6, 1930 Kansas City Pr. & Lt. 8s, 1910 Cijy cf I'lifla. Various Mot. r.HMri'Wt'u Hldir.. Phllk' P at'M W -- m-r p-i -----. m rilJUVaiVU 1IUIU tuy VWIJi VtMilvrf.MhtlaLleliihM Ettoek Exchanga temuorry txcou sups il n ai I'lillii'le'iililn unmunteil to (1.011 0.'j7 Bn as tun an e.mipare,) with f. 7US.SSV 'tja n .M iv un incrciae uf 23S (i(2 tons Cuirulstlve shipment" for the llrt three leoi tori of (ho preeent coal i ir, b-s'lnnlntf Anrll 1 have iimountel to 1. 1)7.1 2H7 limn t ,ns u ioinpir.il with 17,200.0(0 to-n fr tli i irr loi.nillni.- pere 1 in 1020, un Inrrenee of a i"l ,ver loo 000 tuna Tho avcrHva mni'hly shlwm nta 'nr th preaunt rna' year hav le-en ,1 (131 (100 (one, asalnat n 7SO 1110 tnn for th out year 1020-11)21. anl ft,l)23 . ,157 tonn In th coul 5 ear llilO-ini'O. nnd have exceeded the' sveraKen fur any preced- vn ivvn wr alwrv coal turolabM a. intr yeara with the jxwutlon turs, lull -anil wo, yi.i recoversu irom tup cunn o 'iy einhli. int iience on local values acre in,n,.eh i, rices workid a point or two higher, with lltuo u mm nnptonil "r L)tKinber Mail a May Yea' cloiu (1 un 1) (10 ; oj 7 Id Open il 8.1 il 72 7 0.1 7 24 Wso American LUatrlct Tolerupr ler v 1 per mm. injauiu juu of refold July in. , Ilurna lira l mil Co. quaiterlv 2'j nor rent on common nnd 17 per cent on prefer red Common Is pujable Auruii 1 tu holilem el recoid Julv 1.1 and pruUTIed Auuunt 1 tu btocli of record July 21 Niitlnnal inrcuit -o iiuancrij in per cent on common, pajanie uttonir i . tu alui'K ur leooril nepiinoer ,tj. nun .-4 pijr cent nn prefeired. p.iyalilt Auium 31 to sink of record AuaTist 17. 11. ..il Kniulo Title liiHurar.ee and Tiut Co . luuiurly of t.". pii.'le Auut 1 in amk- hulfii-rs or reciiru jd i.. 1 W. Woolnorth (o, riuiirl rlv- S2 mi ei.nimon. payalile rtpiemuer i iu siecu r.i nc Td Aucuii I". ilillollo dnfety Ilnzor Co. ounrlcrlv 13. paynlilo Sei'ti'inlier 1 t'J atoclt ot 1,'i.oid Jul 3u. LIVESTOCK QUOTATIONS The averSKO price of the twenty uctlvo Induatrlnl nti rlta advanced II. 01 per cent e. lerday lo US 70, whllu the tvvuntv railroads advanced 0.0." nor cent In 71 70. Tho Kcnnecntt Coppor Co.'n June produc tlnn vv.ih 4.SS7.52I) pounds against 4 S73,. noil In May, In June. 1020. Its output una lo.120.0u0. The fnlted Fruit Co "s net eurntnti In the Ural half of 1021. before 1'idirnl taxcH but i.fier capital atnek tiisen f.,r thu full scar, amounli-d to upprox.mately H2.H00 1)00, or J12 a vharii earned on lt oiilBtand.iiL' capi tal ttock. Vuleiin Detlnnlnsr Co rerorla for March Hi yuiirter ilellclt nfier chnratu and taxes. $il!l,--'U. agalnat net lnioino of tlil.llil the suiiw period of 1020,, The Taylor-Wharton Iron nnd Steel Co nan completed iies-ollatlonH for n $l,00n.(ili(l llrst and r.fundlns serial murtiMKo bind l.v sue bear.iK- Intereat ut 7W er clih ui.il due July 1. 104(1 . Wllllnm V Mcdrnth. Jr prenldent of the llenelliliil Savins- Kund Sml-tv, vm today ecied a .U'uctor of tho Market Street Na tional llunlt. aucceedlnir Alfred Uurk oV niiBed. The I.ackuvvnnna Hteol Co reports for Juno .10. miiirtor flench, after chariros nnd nil tax. JOS.1,127. nmilnet prollt of $S73.1 or nenllt,,r?lH sll" OJn"' th",.TrT''l!.lllB '""Tter Iind Pro!1.,.o'1 ,Jt'Vn'.',r ' M th0 'n uuivrter in 1H20 Deficit for six monlliH was 11)74, :ili2, iiKiilnst profit uf $1,1:12,220 or J4 OS it share durlnir aamo period in 11120. LOCAL MINING STOCKS TONOI'AII STDCKS Silver .Mln- Hllvtr Hllla of Nev Tonopah Jlehnont . . Tonopah Divide . . . Tonopah Kxtenalon Tonopah Mlnlt.vr . . . 1'nlied llailleru Yukon Uold liV 20 HI t,' 1A -'A 00 .1 21 ns 3 101 11. Il'jl 77 loft n'.i an 41) l'i ,17 ni 2.1 n J,. 21 1:1 2S l.'l an 2'i 14 14 tv; ia 20 1 S4 lvV ?A 80 IIONDS Allied Packers fls Amer Toll 7a 1021 . . A mer Tel iu l!i.'2 . . . Amor Tel (la 1U2I. . . . Ap-ironda 7a 10211 Aniilu-Amer 7',v s l.eth Steel 7 1U22. . ., Chi Un SHa ils Conn Textllo 7 (loodrlch Tiro 7n annul Trunk ll'i b ... (iulf Oil 7i , Humble oil 7 Intcrboro 7h Ill Central (I'4h .. . I.lbliy .McN-lll 7 .... l.'KKett A Mven 0 . . . N Y N II A II la . seius-hoebllcli 7h 1U21 Seara-lloebuclt 7i IH-'J Soutlivvent IIJll 7s . , Btoml Oil N Y D'ia. . Swift 7u I'n Druit Ss Yvtiiloin Klee 7a H.imburK 4 Via bwlsa .Ilia . .. 42H . ..100'i . . I's'I . .. IKl'i ... 02'. . .. ll.ljt . . . OH1 ...ld.'S . ..ll)l . .. soft . . . 0.1 . .. OUS . .. UIIS . .. 7.i; . .. CSV . . oas 1111 . m . . IIHH . . Willi H'l . .. 011 . .. I'7 . 10(1 . . K'OH . . l'jjl . sl't 42. 10HW .is t IHIH 0J'. OSS tin' 102 HIIV, Sll, 114 t lllll-, IlllH 7S15 lis', lll'tl no1), n; osv llllVj !i5; U'll 07 loo 12 S4Vi inji (13 W UD 1 10.1 ii3 12H llii, s 3l U)V, all (i.i 411 m r.7 21 .13 "ii Hi ii 21 13 2S l.'l itt 1.1 11 m 1A 20 t 81 1A 1A '.'A DO 12. 11MI Vi OS', mi'! 02't 1 in U'lV, IDJS SllH 114 l.illi lin'i, 7.1V. OS Ha', Oil o's'i O'lh OH OSTi 07 luo 11,0 12t Ml Are Railroad Investments Sale? Elisha Leo, Vice-Prcaldont, Eastern Region, Pennsylvania Railroad, discusses the sound ness of railroad investments In an ensily understood address, entitled, "Our Unwatcred Railroads" Write for reprint nnd follow Mr. Leo's reasoning as he com pares tho security of railroad bonds with that of first mort jarei on renl estate. Ask for Letter K-23. J. F. ilMOVERK St CO. Members of l'hlln. Stock F.xehnnta 1480 Kouth I'enn Ma., l'hlln. Spruce 0410 lturo B185 Urdrrs riecnlnl In nil Markets iN'evv lork: 3't Urauilvvay AD I i SUGAR STOCKS We have issued a timely letter summnrlzinfr tho im portnnt sugar stocks which arc selling nt low prices, namely: Am. Sugar Cuba Cane Punta Allegro Am. Beet and others. Scnf free On request. p.icMwm&co. .Mereliers Vhlli. Stock nirlmnss 1410 S Penn Square St'ITIJ 300 sl'IU'Cn (1785 ItAcn 1137 Ulrrct Wins to New York and all I'rlnclvnl Markets RI539lli. Viwv - )' " j f JKl nEfw tLj'-Jj I ' '-T.T3!j(6iirW8St BANK CLEARINGS rittklnimh. July 1.1. ir.oo Hteinly lleavl. IKlllS ItllelplD, fill lienvv vorkuiu. llKlit jorkera 111 il piss $10 7.111 11 SIIKISI AND I.AMIIS lUc.lptH 30n hjil. Ste.idy Top Bheep. 4.1.10 t, , Uin'ia, ill In. C'VI.VIJH Itecclpla. ion html I.own.Top, 112 i:imt llniTiil'i. N. V , July 13 CATTI.C Ileielpts. 10(1 head Sieve CalveH, rrCelptJ, 200 h.-ail; nor Imvor .Mil : 12. , JICMS ItocutplM 10O huHd Stendi to 10" hlfhei Ileiivv fin 5iic to HO, muni. Sin HO'Sf 10.75; Mirlcers. Jin 71' llsiht vorkire and pIbh. HI routrhs. Js.iln, hIiikk. $1 lu'ijil SiIubI' AN'U 1..VMII8 ilCLjIpt'. 200 lend Mtrad). L'nehniiBed Caiih Hoy Jim lluilnr .Mai N'nmara CreHcent Midway Mlpah Kxt .... Montun 1 North Star Hcrui. Ruin . . . Tiieipuh Kxt .... Weni i;nd west Ton . . . DIVIDi: Allied Divide Alto Divide llelcher Ileli her Kxt Ben Hur MrmiKh Dlvldu Divide i:t DIviiJo Con Hlvlclend Hint Divide Ilarnrlll Haehiouck Dlvlile , . . Hllfh Divide Knox Ilnvorl Divide Ueno Divide, Iloseta Sliver Klnir Sutlierland Tonopah Divide . 'lonopjh llnHbrouck Vlclnr Dlvldo . . , Verde Divide Zor.o American Tobacco Paa Spscl New York, July 13 -The Ann al bnrco Co, has declared n aivinenii , in To f 4 1, in.r cent on tne common aim eoniirion n, p iy ab'e In cominon stncn 01 .vienjci 1 o per. TI1I1 Is a Consolidated Expelo Member vi Vnrli. July IS. Iiiaore j-ri"iim4n im inr . at oaolal dlbtrlbutlon of loci- 'vblrh the company hold In 1U Irmmirv, nnd In nOVVH niiecie me i-,,uuir nuiiiiein lull- ilond Common divider diMe.i not come up for con, deration until tl.e end of this m nth. vvhon It In expected tho unuil nuirterlv S ror cent on both classes or cn.-nmon v. Ill be declared. D strlbutlon of this sim-li vias inado neceisaiy by the term of th( m v con tract between Monsrl Lo and the tobacco manufacturer. At tho samn time ttu 10m pany callc1 for rodompllon on Auirust l.'i. the 13,18,1000 erlnl notes livituilat N, venilm 1 ' 1021, The cniiipnnv nov. hue op bend 110 noo.OOO cnh and ha paid oft nil Its bank limns which on liecemb-r M hi .1 nirounted to apiinxlmiev (10 una Win T ,t v 111 brlint notes outst indlni, ilovvu to jl I 1,14. OHO. Durinu the Inst twenty yearH th Munuel Co 'a earnlniTi have avverAod If, per cent 11 year on oornn.i n initM;iiiillie," In each ef train e'ir. Mens'el Co , Inc l enKHITiil I" 'ho manufi.cture and x.ile nf neper and wooden boxes htrdwned lumber. nutomob lo vvooa.-n parts, battery boxci veneers nuhouany timber unl tropical lirod. .,. mieh as cocoa and chlele. Tni ImI.v -e, ahee of Mengel Co Ine ua nf April 31 last chows a book valuo of 1110 Jl for thn 0111 .ivon ahares Defer Wlckwlre Steel Dlvldond - Doiton. July 13. Th Wlcliw'ri) Spencer 8tl Corrmrstlon naa, doforiert payment ol I quarterly uiviuenu oi td a. inure on nrat rrra ioc, uuo.jvuau.v . , '"M Hid 01 117 13 lis . . .l'i , . 11, . . ll.l li'.' .... 2U ' -' ., im; oj STOCKS Ill IU Ill OJ no'ii .nil . . . . " oj n.l ol 12 02 Ill 11 11.' Ol 02 (II .... l',4 12 112 01 .02 11 (ioi.ni."ii:Mi srricKy . .. ni Month Comb l-'racilon .... Crackerjack Dlnmondlleld Illue Hull Tlorenco (lo'dtl-ld Con ... Ciold Dev OilllMnlil Deep (irent iienn liiinbn Kxt Kevvnniiu . . I, one Star , (iro lied Illlli. , Sllvr 1'lck Spearhead Amimro Arlsona United CnUdonla . . . , Hden . . . Ultima Silver Kiirelm Croeaua Ilurcka Holly Hecla Mother Lode . . Nevada Hill Nevada Wonder Huroovs Tecopa MlnlnK Wbltn dps Wllbcrt .01 1 .2S .nil oiifl, .ni .02 04 n 112 0IH.J 1'' n,i . .OS mikci:i,ini;och 1 nn .117 .lis .10 .02 .2H 01S S no .01 .10 .02 .07 0,1 .02 Ak .Oil .011 .in 11 .12 .07 .08 .03 22 1 .ooh .04 .02 .03 .03 .0.1 .01 .(IS .21 .0.1 .04 .02 .1 1 ,n.i .02 .151 .01 .02 .03 .0.1 .11.1 .0.1 .13 .or. .ooh .ml .0114 .30 ,OM ,02'j oh5 .11:1 .01 .0.1 .03 ni L'f1o .01 1.20 .12 .11 .1.1 .03 .10 (U .1.1 113 07 .011 111 Church Has Thirty-fifth Anniversary Celeliratlon of the thlrtj -fifth an niversary of the founding of tlio Chelten Metliodlct Kplscopnl t'liiircli. Cliclten and Stenton nvenues, contliuied lust ullilit with a missionary service, Mrs Sarnli K. Lawrence, n Methodist mis slonnry from Indln, was tlio spenker. A ronKrrit-iuoniii meeting wUl be held to. ids-lit. The nnulvcrsnry IMiihrntiott wll close HunUay, when BlsTrop IJerry speak, , will win Hank cle.irlnirs today compared with tor i.spondlinr day last two vu.us 1021 lli.'o 1010 l'hll.i. ...SH7 OOH 000 J'Ki.ls 1.777 JM1, 220 21.1 N. Y. n07,8llll 010 77ll.ri(l4,2H7 1, 140. OIlS, 1137 llohton .. 3S.38U. 1.1.1 01, 740, SIS 70.023,200 SHIPBUILDERS DINE Japanese Head of Commission En tertains N. Y. Corporation's Officers Addresses emplmsizlni; the cordial re- f Intions bttvveen .fapiin uud tin) United States were delivered Inst night nt u dinner ulveii by Captain K. (Into, head of the Imperial Japiinose Naval Com mission in the Vnlted States, to ofllccrs of the New York Shipbuilding Corpora tion uud raukini; naval ollicers station ed nt the New York Shipjard. The din ner, which took place ut the Ilelleviiu Stratford Hotel, vvas uttended by 11 score or more guests. The affair was arranged by Captain Onto to commemorate the establishing of ofhees for himself nnd the other .Japanese naval ofllccrs at the New York Slflpjiird, where the) will rnniilln on duty during the construchor. of the 'JO, (100-ton fuel ship recently ordered from the New York Shlp.vnrd by the Imperial .Japanese Nnv). Addresses were delivered b,v Captain Onto, M. A. Neelnnd, president of the New York Shipbuilding Cornorntlon. nnd several others, while u feature of the affair wns the private show inc of moving pic tures depleting the trial trip Inst Fri day and rvtituuluy of the steamship American Legion nnd other events of cnrient luteiest. PARISH TO GIVE LAWN FETE Corpus Chrlotl Church Will Benefit by Entertainment A lawn fete for the benclit of thn Church of Cm-pus Clirlsti, Tvvent) iilnlh stieet nnd Allegheny nvcnuo, opens thl- evening on the elaborately decorated iind Illnmiiinted grounds of tlm church, and will continue tomor row, Jul) l.i, 1(1 and 20. 'Jl. '22 and 211. There will be an attractive bazaar, at which a spelndid variety of articles will be sold. The booths will be in charge of young women in fancy cos tumes. During the last week nf the henellt there will be u baby show and the formal crowning of the queen of the carnival. Special luuMenl programs and vaudeville will be given each evening. The fete Is Iu chnrge of the Hev. Henry A. Na.vlon, rector of the church, ai)d liis assistant. Father Smith. I'eter Hughes Is chairman of the committee in charge of the program. Froceeds of the feto will be devoted to the build ing fund. NEW CHURCH FOR BYW00D MethodlBts Erecting $15,000 Struc ture In Suburbs AVorlc has been started on the erec tion of a Methodist church at llyvvood. The chin ch was recently organized. ,T. II. Illukle & Co.. of this cltv. have been iiwardeil the contract for the work, which will cost Slfi.000. Only onc-half the building will ho completed nt present for the accommo dation of tho congregation nt tho rcg ulnr church services. Later the Hundoy school will bo ndded. Penn's Milestones 1690 Perm's Milestones directed travelers in 1690. A Living Trust will ably direct your finan cial affairs. Write or call for booklet. Guarantee Trust & Safe Deposit Co. 31G-18-20 Chestnut Street B1413 Chestnut 8t. 0 So. 62il at. H v-'t.'-yiy?.jLu, i a j Spruce 8200 BOUGHT SOLD QUOTED U. S. Treasury Certificates All Issues SHCl'IUTIES IinVARTMENT COMMERCIAL TRUST COMPANY .ifrmlirr reilernl Ilescrve S.vtfm City Hall Sfiunro West llvS nvestments Baker, Ayling & Young JUSM'll W. SHA1N. jr Munntor Land Titlo Bldg. Doiton PlilladalphU IloUidaysburg, Bedford & Cumberland K. R. 1st Mtge. in Due July 1, 1951 Guaranteed Principal and Interest by Pennsylvania U. It. Vr!r! N?nn.il I'rilrrul Incom-i Tax Hie l,i-nnljiiiiit Stilt. Tax S int. to VlflU Ovrr 0.15','c Townsend Whclcn & Co. .r)(l. Chestnut St. McnilM-rs X. V. A I'lilln Riuik KtrhiinK GE0.A.HUHN & SONS Jlrmlier. ot ths 1'h lnilrlihlii. V Vork mnl Chlciii-,.' Ml L i 'i"i? Unn! Nrtv Vork t'ottmi I'.tdniniii Comml.alon Orders ExtcitSd In i is.Ai' x,Xa Prlncnal Markets Liberty BondeDouaht nnd Sold 1,1 11ArIs,.n.,i?,5-..-p tu; ...... .,... .... i iuirt DO YOU WANT A fnmilils ,.. rist-tl. i ml . xi...-,..n,l I hav l ni In chin iu. of i im ii.h, .m nit 131 0..0 p., month la l'Mii, I "J,, m like to Luniion with -n itii),i),...l tr . ."'imrftnT. ,'"",nciw "' '""oufucturho! A 415, Ledi'er Office, I I French 7, 1941 nt 95 yiold over 8 Thin bond lias nn active market nnd we believe. It will soon advance. In price. Libert)' Honds bought ami told. WlDCNER Bldo, PhiladciphiA MrmimPhikideMhand Miu iiu Slvcc ExiAi"tr rW YOK LIIAaCTM. N J. 1 wrw yo iLmacTw. n j. f E. H. Rollins & Sons niinii"ii is:n Investment Bonds 1421 Chestnut St., Philadelphis l'hiinr Hil 111 ! 8100 tt.nfon .Vcie 1'orA WtlkrfDarrt .'.iMHii.rc Chlrttui Hnn h riiel.co Government of the French Republic Twenty-Year 7Vt External Gold Bonds at 95 and Interest to Yield About 8 These bonds combine liberal yield, adequate security nnd ready mar Uetnbility und give the investor tho benefit of present hich money -..- f ,. ! !mA tn come. Urud Jur VucripHvv Cticular IrW AUTOMOBILE INSURANCE I.IIlKUTi JltriM, .s,i,XN, ,. (, I'liiMifilx-iut 0070 O.SS Vii 1.1IH St Security Snlosmnn With or vvlihout oil....... rr.0MI. connN.,U.vrll ZZ Irs, 'ICH uou oraiiiiK in ltoVisu:' A S!2, I.Kl)41iu Wl Cllette Safety Razor Stock Phila. & Western 5h, I960 Metro. Edison 5s, 1922 Phila. Elec. Gs, 1922 HENRY D. EOEHMNG & CO, .STUCK IXC1IANI1K """JS'" Cities Service Henry L. Doheity & Co. U b. JPATTON & -CO. HI) ft (IIKSTNOT Bid. , BANKEHS Mii.vnTitKvVjwo3 J H t M ) ' 'tj"'A'i Ah..- .it llZ" , . li rlf V l "Vl i-.f . t inn ..
Significant historical Pennsylvania newspapers