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14
EVENING PU!BLIO LEDGERr-PHlEADELPHlA', FRIDAY,
AUGUST 26, 1921
gWJ3!
k ,A -
t;
&?'"
K. f
fe
H
;
v
v.
$100,000
Lehigh Valley R. R. Co.
General Consolidated
4V.1
Due May 1, 2003
Tax Free, in Penna.
Secured by a general mort
gage on the property of the
COmpnny, subject to under
lying Hens. This issue is
listed on the New York and
Philadelphia Stock Exchanges.
Bonds sold as high as lOlM
and interest on January 20,
1917. Wp shall be glad to
jflvp further information on
request.
Price: 79 and Interest
To Net 5.71 Per Cent.
Biddle & Henry
1 04 SOUTH FIFTH ST.
CONCERTED DRIVE
AGANST
Cleveland Electric I
Illuminating Co.
20-Yr. 7 Sinking Fund
Debenture Bonds
Duo August 1, 1941
Price 96 Vs and Interest
One of the strongest electric
light and power companies in ,
the United States. j
Bonds Non Callable until
August 1, 1931; then only call- I
able at substantial premiums. !
Earnings in times of depres- I
sion as well as prosperity have
always provided a wide margin
of safety over and above all
fixed charges.
Dillon, Read & Co.
1421 Chestnut St.
Philadelphia, Pa.
Telephone Hpruee .1080
New Torlv CblmitD Ito.tton
's'uHc'n'" E5 I j
Mrk si. City Hill
Offictsof J L j I
., i a. PtnnJa. a
tJiACcnmy wra 1 -, i i I
H303rto3v-4p s
fa i i .1 ii iii
I
Do You know how
I T
to trade correctly
in the' Stock Market?
We have issued a
book on the subject.
Write for it. L-22.
J. F. McGOVERN & CO.
Memlwra of I'lilln. Htoek Kxrhunce
1430 South I'enn So... riilln.
re 1411 Rare SIRS
Ortlera eernted In nil Mnrkete
rw York: XI rirnmhviiT
State of New York
5 Gold Bonds
I Dated January 1 and
March 1, 1921; annual
maturities from 1944 to
' 1967 inclusive. Exempt
from all Federal and New
York State Income
Taxes, and a legal in
vestment in many States.
State's net bonded debt
about 1.29 of assessed
valuation.
New York State has
nearly one-tenth the pop
ulation of entire conti
n e n t a 1 United States.
Estimated wealth over
twice that of all the New
England States.
Price to Yield about 4.70
Particular on requext
Hemphill, Noyes C& Co.
Members Hw York Stock Eichand"
Franklin Bk. Bldg., Philadelphia
New York Boiton Scranton
Buffalo Albany Syracuse Baltimore
Swift Opening Rally Invited
Realizing, but Market Held
Ground Well
New Vmli, Auk. 20. There va a
larllcil tninkfoniintloii in the complet
ion of today's Muck nmrltPt nl the open
itiR. vl leh va .i''i'oinpltl)Pil entirely it
tin' expene of nu owr-walum iori
inti-Msl. A 1 roml niul lmt roveri.ij:
niovi'inriii IpvelopiMl nt the vpi- oiitot.
and befote the end of the first -hnlf lim.t
parried prioei up from 1 to over B point.
The spirited rebound in a number of m
ditstrinl Hprclallii't ervel to cmplinaize
Hip oversold condillon of the tnnrlcet,
evidence of which luvp lieen unite rip
pnnnr for nonie I hue A would lie ex
pected, the Midden about -faeo turn in
the m.'iikrt trend win followed b n.ore
or les ii leeuliiritv . li 1 1 for the In if.
t inn in M-vrnl week the line of lrn-U
rpsi-t.tin i wus eneountered In tin itp
wnul ttiil.s
Teclitiic.il conditions were nlone re
spnnililp tor l he pttiumitiri'ii icver.il.
ns there ui little of anjtliiiiK Hi tlio
liens or ileu'lopini tits to aflVi t open,
lions (itner n,. 'i'he so-rall'd "tie-n'sitioii-'
or "distressed'1 selling (or
the tune bi'inj: at lens) iippnrentl had
Pin its course in the prerfilins session
I'he uiml week -end evening up of die
professional alone promised a moderate
iiriiny Sciie nti renin, howevei . evi
dently were of the unanimous opinion
the psyehologu al moment hud mrhpd
for a concerted drie against the shottc.
Tins piny as incited by the Iheorv
thut if the bears were compelled to if
sort to false ri'inors as nidicatul by
pstprdny' Mexican lVtroleuin inci
dent, the position of the reactionists
wns anything lint tenable Then' de
ductions proved absolutely correct iuug
tniC from tln scramble of the horls ia
the lirst tblrtv minutes of the trading.
Put titer easement in int lie) market
( onditions as indicated in the lov.enug
of the rail renewal rati' to ." pei ceni
nnd the fuither impioveoieiil in nere
ratio reported b ibe Feilernl Reserve
system eie a strong nil) to the recov
ii movement Another contributing
helpful influence wete the f.ivouiblo
'.irninjc stateinentN of the I'eniiH.iliania
and Southern l'ncitic s stems. Thee
not onh (onflrineil the tcent optiinistii'
htatfini'tits mtioi'rnii'p the improved
inilrond situation, but also j.ive inn
.le proof of tie carriers having iccnv
Preil contiol of opei.itini; coMs. The
big fallliig off in tiallic as renuli 'f tin
business depression wis reflected in the
Munll"!- sn ss letuius, but this was
easily overcome by the possible econo
mies, resulting in heavy swelling of the
net operating income
Hy reason of the hasty retreat of the
short interest theie was almost no ex
ceptions to the rising movement during
the fust hour Oils, motors, equip
ments, sugars, tobaccos, steels and ship
pings were bid till one to five points.
Corresponding gains were registered by
Mich specialties as Sear-Roebuck,
North American. National Knatneling
nnd Famous Players. Among the rails,
lireat Northern. St. Paul, Missouri Pa
cific, Roek Island. Atchison, Heading,
and H. and O. gained 1 to l',; points.
The rapidity of the rise unturall) in
vited eonsiileruhle profit -taking and re
current weakness among specialties.
notably L. S. Runner gave the market
a moderate backset before noon, hut
the whole list put up much stiougei
resistance.
BETTER TOiE TO
THE LOCAL MARKET
Prominent Issues Made Frac
tional Gains in Withdrawal
of Pressure
A better tone nlso prevailed in the
local market. Withdrawal of prci-uie
ngiunst seernl of the local Issues had
n good effect nnd wns afcepted ns Indi
cating a completion of ihi cleaning-lip
process. At the same time there was a
covering of the moderate slinrt interests,
which in turn brought fractional recov
i ei ies. I' f; I advanced to "D1... a
'gain of :,s. but. compared with -it's.
esterda)'s low isolation Philadelphia
Rapid Transit touched 1(1 and Pcnn)l
iMinia reached '1T:1. while T'nion Trac
tion wns 1.. belter nt "0'-.
In the other local stocks tiansiictious
weie limited to small lots Kbstrie
Storage Hnller) losr a point Drill re
mained unchanged at 'IT,, ns did United
Railroads of New Jersc at 17(1.
Philadelphia Stocks
The Foreign
Situation
is reflected in the
advancing prices of
foreign Government
and Municipal
Bonds in this mar
ket. Write for Letter
7334, in which we
recommend five of
the most attractive
foreign obligations.
Bonbright & Company
437 Chotnut Street
Philadelphia
Ntw York Chlcaao
Btn Detroit
I 15 Vr'
H h l.' I' f rngf
loll Alll Irisur 17''i 17-1, 17:',- 'i
1011 P.rlll .1 i .'. '-.' -"' ..
m i:iei stor mi'. io: m:. -l
IVJ I Co V A IN 2s -N ..
UltltMi'x Pel HL' Hi! 01' -'
111 Pa Cent
Light pt in r, !.".
407 P.i R R 37, .'17 37 Lj
.Tl I'lnln Ins
Wire :.o"i .w4 r.oi,;- 't
'JO Phiia c,
.inn nf :n 'M 'M ..
s; pi.iin Kie, iia, -j 1"... jn,
lild do pref 21!', 2lt, 21! j - lh
din Phiia RT It! If!', HI S
l(Hl Tom. liel fr. I A I A,
."ii i'n Tine .",n.j :i(i'". nnU4- u.
.",n.'i r ; I v.o'... :ifi't :ih . t.
10 I li I 170 " 170 ITii "..
10 War IS s s s - i;
Ni hanc nude lij coimn i.on with lust
on Wu ' htui it Kxcli.inHH
piiii.ui:i.i'iii iiomis
liVm l.ibi rty ,l'..s '17 . ... s.7.."0
JOIMi l.ibenr 2d I'n '-12 .. 7 711
JilfHI I.lhert) Jill l'4s "2.s !)1 SI!
UIHMl I.ihertv (th '1'is '.'is .. s; ss
1DIHI l.iheru Ith M4s -.'s . s7 ho
.ViO I.ibem 4th J'4s :'.s -".'.nil
1IMI ictoi iAi '2.'! . . !in llu
lliliti Hnlilwin l.oi oinotive .'s . i:!
:ttl.Hl Kli'i-trii A. People . Is .".r,
7-1(1(1 I'eniixilviiuia 'I' .lots inn
llMH) West N V (St P,l Is tilJJ
BAR SILVER
NEW YORK STOCK EXCHANGE TRANSACTIONS
S'i
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a 00
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t)IV.
In t
lllth
.. Advance Itumely .... UK
.. AJax nubber "H
.. Alaska Gold Mine... Vt
4 Allied Cnem Dye... 36J4
4 AlllvChnlmcrs '84
7 Alll. Chalmers of .... 0S',i
. Am ArHo Cltem J4
Am Atrlc Chun pf... S
4 Am Hank Note SOU
..Am Beet Sugar 2H
Am ran H
1 Am Can pf 19Y
12 Am Cnr 4 F1y 133 si
.. Am Cotton Oil IC4
" Am Kxpres 114
Am Hld! fe Leather nt 4'j
8 m ten 52
Ani Linseed
6 Am Locomotive
Am Internnt Corp. . .
.. Am Ship & Com
Am Smelt nnd Uef . .
Am Smelters pf
3 Am Steel Foundries.
7 Am steel Fdys pf. ..
. Am Sugar Ref
a Am Sumatra
8 Am Tel A Tel
1! Am Tobncco
12 Am Tobacco II.
!Si
NO
!i
am
, '
, 1SV4
. 03
. 40
. to.tH
.121
,11014
7 Am Woolen W
.. Anaconda Copper ... -tt
0 Afro Oil 8H1 j
0 Atcb Top & Santa Fe. SS
S Atch Top A S F pf .. hO1'
.. Atl Oulf & W I S 8. . 21
All Clulf & W 1 S S pf lt'2
Atlantic ret II
Auto Snips Corp. ... 3
3 Auto Sales Corp pf .. H'2
7 Baldwin Locomotive t.134
.. Bnltlmor & Ohio an'i
A nolblehem Steel ... . 44'i
B Beth'ebem Steel B. .. 4s
Booth Fisheries. . . t'j
. Brklvn Rapid Transit t
10 Burns Bto h.l"2
Butt- ft Superior Cop inja
tnllfortila Packlns .. "I'4
10 Canadian Pacific . . . . 1 1 3 ?i
.. Central Leather' 34 W
Central Leather pf,
.. Cerro-de-I'ascn
0 Chnudler Motors ....
.. Chesapeake & Ohio..
.. Hil & Gr West pf....
.. Chi Mil & st p ....
.. Chi Mil & St P pf ...
B Chi & Northwestern..
Chi U I & Pac
: chi rt i & r.ic :rc pf.
. . Chile Copper
.. Chino Copper
. . Coca-Coin
.. Colorado Fuel & Iron. 22 if.
4 Col & So lut pf . 4U
0 Colum Qas & i;:ec 5,ti
. . Columbia CJrnphophoni
7 Consolidated Gas ....
. . f 'nnsnl Textile
7 Continental Can . . . .
. Continental candv . .
ft Corn Products Ref...
2. BO Cosden & Co
4 Crucible Steel
3 Cuban Am Sugar ...
Cuban Caie Sucar.
no
24'i
43 "i
1AI4
341',
114'
3016
73
20 $
337a
.l'2
84,
13
37
H
ns
34
Jt.t
13
H
Cuban Cane Sucar pf 30
4 Davison Chemical . . 40"',
0 Kndlcott-Johnsou .... 87 ?i
.. Krle 12?4
.. Krle Iht pf 17i
.. Krle 2d pf 13J.
a Famous Players L ... Sf
8 Fnmous Players L pf hOlj
.. Ficeport Texas 10
.. Gaston Wins & Win..
.. qencra.1 Asphalt .... 3'i
8 General Klectrlc 116
1 General Motors OH
n Gen Motors pf . ... 05
A Gen Motors deb !.. f0
.. Goodrich B F 20 "2
1 Great Northern pf.... 7114
4 Great North Ore ctfs. 37!-4
4 Haskell & Barker Car BOH
. . Houston Oil 43 'i
00 Indiahoma Ref 3H
.. Inspiration Con Cop.. 3n',i
.. Intorb Con Corp ."'
. . Inter Cons pf 9'i
7 Int Harvester new. .. . 73
Int Mer Marine 7J
0 Int Mer Marine pf . . . WVt
.. International Nickel.. 13'i
.. International Paper .. 41 V2
.. nlncib! Oil Corp... f'i
.. Inland Oil 3n
.. Kansas City Southern 23 H
4 Kansas City So pf . B0
4 Kel'y-SprlnefleM Tiro. 3S'4
. . Kelt ev Wheel 80
.. Kenneoott Copper ... 1 7 '-
.. KevMone T & It IIU
.. Lacknwnanna Steel .. 36',
Low
ll
17!4
V,
MV
3'4
J4
A3
mi
2
24'i
78 Vi
120
10'4
114
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17 J4
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2214
64
304
(3H
20'a
7M4
noj,
3ft
10SH
1I0H
110V4
(10 Vt
32 J,
no4
X4Vi
so 1,4
201i
17 'i
ion
3
II
71H
3S4
434
404
'4
it's
S3 Vt
10H
HI
1I3U
33'.
BO',;
3H4
41
BC'j
IB?
24 H
30 14
C434
311
73
84
20
32 '4
I-!",
40 U
62 Ja
3'4
84
12J.
311 1 4
H
(14 !
23
Bt
12 H
7n
17 4
.17 4
Sttyi
12 'J
1714
134
Oi'.l
80'i
10
v
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114 '4
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00
20
7114
3 Hi
40ii
42
2H
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3(4
014
701.
7J4
3014
124
40 ',4
h
iy2
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B.t
17
101.
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K.
1 80 Net
P. M. Chr.
1H4 4- W
17- H
t1i- H
tOVtT
6814
38J4 4
3 -
BO 14
38 r
38 14 4
70J4 f
133 H f
WW
114 -
48H4
83 184
en J
2.V4 W
311.
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33 f
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3914 4
lot'i 131
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3
14
3i
Id
a
Salea In I
1300 S.B0
890
10 ' 1
300 7
100
30400
100
100
1
P
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380(1 i.eo
100a
100
BOO
700
wo
100
400
A00 7
100 4
100
100O 5
100
WO R
WO 2. 80
r.oo
w
'-4
Vi
11! ih
Lehbjh Valley 49J(
Louvre Co 1114
Loft Candy 8J4
Manhattan 13Iev iruar. 414
Marlln Oil 13
Mexican Petroleum .. 03W
May Evpt Stores..... 76
Miami Copper 18
Middle States Corp... 10j
Mldvnle Steel 33
Mo Kansas & Texas.. 1W
Missouri Pacinc 18J4
Missouri Pacific pf.. 0
Montgomery Ward .. 10
Mulllns Body 19
Nntlonnl Acme A.... I4W
Nat Knatn A Stamp 3014
National Lead 73
Nev Con Copper 8
New York Central.... 70W
New York C A St L. J l
N Y Chi & St L 2d pf . CSJa
New York Dock 3614
New York N II & II.. 18H
Norfolk & Western... 84
North American 85
Northern Pacific 73W
Okla Prod & Ref 1J4
Orpheum Circuit .... l?i
Pacific Oil 33 H
Pan-Amer Petrol 42
Pan-Amer B 38
Panhandle pf 08
Pennsylvania II R. . . . 3714
Penn Seaboard Steel.. 7W
Peoples Gas ChlcaRo. B34
Pcre Maiquctto 18
Philadelphia Co 27
Phillips Pet W4
Plerce-Arrow Motor . 10J4
Plerce-Arrow Mot pf. 33 W
Pierce Oil 0
Pierce Oil pf 38
Pittsburgh & W Va... 343.
Pitts Coal B314
Pressed Steel Car. ... 86
Pullman 93
Punta Alegro Sugar.. 20
Pure Oil 23
Rnllwnv S.teel Spring. 7014
Ray Con Copper 1194
Reading 00?4
Reading 1st pf 37 W
Reading 2d pf 38V4
Republic lion & steel 4SH
Republic Motors 8
Royal Dutch Amcr. .. 48
St Joseph tad 10 14
St Louis San Fran... Z3H
, st Louis & Southwest 23
St Louis Southwest pf 33
Santa Cecelia Sugar 314
Savage Arms 9'4
Saxon Motor 3
Senrs-Rorbuck 03S
Seneca Cop Corp.... 13?1
Sinclair Oil 17i
Sloss-Shefflcld 3214
1 Southern Pacldo .... 7fi?B
Southern Rail 19
Stnnd Oil of N J pf..W0i2
Stromberg Carb 2014
1 Studebaker GO H
1 Submarine Boat Corp. 4M
Tenn Cop & Chom R'
I Texas Co 34 W
Texas & Pacldo 22 t
Texas & Pao C & O. . I3i
I Tobacco Products .... 5$4
, Trans Con Oil
Union Oil
1 Union Pacific
I Union Pacific pf...
United Alloy Steel.
United Drug CI i
United Fruit 104
; United Retail Stores.. BOj;
I U 8 (' I P 4 Fdy pf.
U S Food Products. .
I U S Ind Alcohol....
U s Realty & Imp. ..
U S Rubber
1 U S Rubber 1st pf...
V a Smelt & Ref...
. U S Steel
U S SUel pf
Utah Copper
Vanadium Corp ....
, Va-Car Chemical ...
Va-Car Chemical pf.
Vlvadou Ino
Wabash pf A
, Wheeling & L K
1 Wells Fargo F.xpress
. Western Maryland
, West Maryland
Western Pacific
I West ins house u & M
I White Motor
While Oil C'otp
Wlllyn-Oxerland
1 Woolworth F W....
I Woilhlngton Pump .
I WoithPump pf B. . .
1l idtlld
r,'.
IBM
1014
;
22
40
I J "2
4KW
44 H
44
S3
37
74 W
1011 i
43sa
30 Vi
33J-4
(J51-4
0J.4
20 !i
7?i
88
U
d pf 1814
. . 21
41
33
S
?4
10(i
3114
84
Low
49
1H4
4114
13H
8614
76
It
10H
33 H
1W
17
3SH
16
19
14 Vt
30
73
9
l14
61
6814
2614
18H
84
63
70fi
l?i
17
3 Ji
4014
30
68
37
7W
82 14
18
30
1914
8W
31 U
6
38
34 ?i
8314
48
91
26
31 74
78
11 W
68(4
37
38 14
44!4
8
46J4
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31 i
23
32
3'i
0'2
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6014
13?',
10
3314
7014
18
106 4
301,4
67
4
OH
33 U
32 'j
1014
8714
W
is
11814
68
33
47
10314
4014
4(1
1814
4814
44fc,
4 1 '4
70Ji
27
7314
10014
43'zs
23(4
32 H
iW
0
10
7
88
8
181-4
21
40 1;
S'J't
7
.'
104 U
31 H
54
1.30 Net
P. M. Chlte.
48
UW ...
814 W
4814 14
I1IU1 jL
9214 314
70
ID
10
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iw
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30 V l!4
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30 f
i t.
n V
70W
61
65!i
3614 Y
14
94
66
72
1 4f
18 1
3414 14
41 4 14
38 I- I
RH - 2
37 1J
7W Y
62 Vt
18
26 -1914
10
21 n
OH f
38
34
6214
80
93
2(!
33 W
7814
37 -3814
48 4
8-
94
14
14
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Hi
V
3
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l'i
V,
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48' 11-6
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32
33
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214 .
4-
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17' J
33 Vt .
76J,
18
106 14
3614 r
on
4
6-
34 4
22" 4 t-
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8S
. IS -
16 '-
now I
65
32-48!4-104
4
80 40 t
1814
40 Y
44 f
41 -70J4-27-7414
4
I0DH !
4314
1014 4
2314 '
18H 1
2014
7-
SS -0
1514
31
41 !
3214 i
7-
.".-
I Oil f
31 i-
54
3W
114
Vt
Vt
1
w
314
U4
1
1
Vt
114
1
314
14
1
14
1
Vt
V
14
'4
!
14
W
CURB ISSUES. OFF
PROFT-TAKNG
Oils Less Conspicuous on Early
Show of Strength Mines
Moderately Active
New York, Aug. 2(1. There was a
marked improvement to the speculation
during the curly session todny In tho
curb mnrltet. Interest centered In tho
high priced issues, ninny of which
(bowed Milistniitinl ndvnnres of from
a small fraction to intire than a point.
Refore midday, however, considerable!
realizing developed which brought about
a reactionary tendency, although, In
ninny of the shares, subilantlul nd
vnnees were shown over Ihe previous
closing. After midday the trading
subsided to a considerable extent, with
the oil stocks less conspicuous.
Standard Oil of Indiana wn in ur
gent demand nt the start nnd, nftcr
advancing 1V, Inter cued off fraction'
ally on profit-taking. Anglo-American
Oil ruled about stendy. Klk Hnsin was
tinclinngcd. Cities Service common
moved up n point on smnlLdealliiKS, the
preferred stock ruling nroiind the pre
vious level. Merritt OH. nfler a show
of firmness, rnn'off fractionally. Mam
caibo, after a slight reuction, developed
11 (inner tone. Cnrlb Syndicate una
unlet nnd unchanged. '
Cleveland Motor, after opening down
a polnl, rallied slightly. Arkansas Nat
ural Una showed strength In the early
(leullngM, advancing nearly a point, hut
later lost the greater part nn profit
tnltlng. Cnr Light nnd Power wns
stronget. while Acme Packing, at one
time snowed nn upturn 01 lie. Unod
year was down n point on small offer
ing. North American I'ulp continued
heavy. Glen Alden Coal, after nn ad
vance of u point, eased off slightly. The
Radio shares were heavy. Farrell Coal
continued under pressure.
The mining stocks weie only mod
erately active. The exception ' was
Kurekn Croesus, which showed con
siderable activity and had an Improve
ment of about fie.
IMlTltl.l,S
Blah
Hrlt Ampr Tnh .Aim. ML
Carlisle The . . .".'. 4
( oluinbla Emerald . ... 04
Com finance Til
Cum t-'lnanco t'ref . . . . 7S
l It a pref -n
Kmulrn food 2i
I'nrrcll Coal s
lllf-n Alden Coal .1:1
(loltlwyn Pictures 3'i
North Amor I'utir a-
i-aison Auto 4.',
Perfeetlnn 'Pii sr.
Hudlo Coin Kt
Hnritn f'nin nr.f ill.
Mouthern C & .. .'.'.'.'.'.'.'. i
WCKIH I'O ".IS
odd ship . . fix
' H Dlatrilmtlng L'l"1,
' s 1,1. 11 ,i"
U a Ship Corp . '.'.'.'.. in
ninain . . l"i
'nlird PrnSt .Mhnttn,. 11.
'ntlAM lli.f I'nnlu ..&.
Vet EnU Ctiem ."'.'.' . . 811
STANDAKD OILS
Anglo-Amir Oil If,
Atlantic I.oboa I
StniAl Oil of Ind ilT't
I.OM
11
III
ua
8 A
Commodity Markets
I ii, it.. in liif ! -r i . 'i liri.. 1 ,i
NV Yorii toda- m' 111.1 pr line ihim . i
-!rn. !-' - -I,'r 'I1' ,r l' ,n LiMiiinn -iir
pi few d 3iil h iifi-lln of Si.
Reserve Banks' Discount Rates
ItP lal red m-ounr alf t lho t V PJ
eral Keftervi IlHnkH Bre km fn'Jnwif
rum I. 'ti rom I nir
mi oonn
ponton
NVw Tori.
I'hlUrlelnh k
i levelsnd
It thmnnd
Atlam.i
Chiedsn
Pi liu
Minniupo'ii
Koi hii i rm
pn I- i am inei
Ltfi bnmlii piiir ccnt
U A'-s "i' ,1U
r.S
a
r,
ii
(I
H
l
' W
f'l
s'4
H
n
it
A
II
I
1 .
Si
II
ll
n
m,
n
V
5'
ii
s
a
I,
f
M,
Advance Rumely Cuts Dividend
i hifsso. A'JC -' .-ianifr llurrif -li
-.in jni imoul iT-d i i . rjunrteilv
il , nrf f 7(1 enti nn rrfrrd narv nc.
lorn 1 m b"'dri of ren-rd hptemper is in
vivid ef ih uum II so .md tMued a
tstrmttft thst th company cli pnt,on
ti itrontur than tlmald lant oriimbtr.
nd th- sipecl to eonttnut on 8 pr cent
..hl. "until th lmflrnvm,nl In enarAt hul
nut warrants rtoratlqi of ths regular
rate."
Mf'
- ti (V
T
GRAIN MARKET
Chicago, Aug L(J. Wheat stnrte.i
with Seiitemher unchutiged to li high
ii. llecembei '4e highoi and M'n nn
ehongiil to 1,1 higher Trndu n- ipilei
nun Inning b nn EnMerii houe nnd
nl m uttered unimportant "ellniK. L
pint puinei.4 wui again of tair pro
portinn rt.'j ln . and llnre was a'-n
onn- r.e tiiUen Spring wheat an
nifltkett' continue firm, and winter wheat
ofTeiitiKs are lighter.
Com opened uurliuiiged to l,c higher
There vai bu.Miig by a liouie nli ea
bonril connect ion, and overnlsht ih--iniind
for coin fi.r export i- n polled
u show nig increii'-e.
Oau opened urn Imugeil to ii- higher,
witli an F.iiitern house buying.
COTTON MARKET
New oik, Auk lid ("on-odei .i..- the
'eiikne nf cibb's. the cotton uiiirl.et
had -i n'ty cteadv openiiig toil i l-'n-t
riirr "hn'ved 1 ro Hi iioint" ml hi-.
bill the n nrage dci lltli v (! Miiilll 111
eniiiinrNi)u with tie shnrp d'-'ine m
Llviri-ool To -onie extern the i.:iii'ii
nets hue wai due to the string -inel,
mn'ket opi'imig and xtippoit fimn .1 i t
hmh. Lim i puol and New lir''.iu in
ti rets.
TI." re was heav uninmling h nvm
triideih toi Unfits, bll' the ot"n a
ulivirhed hv fomniishlon hotiae ami,
nftei ennlng off to M.ST. Ort'iber i al
lied bt'.i k to lllll in the tiit tifieen
minulfs. Soir.e of the earli - lling w,tf
Iik-iI mi reports of pnrtlv i In uly
'M-athei in the Southwest and n' i-len -i'l?
In tl.e KnMf-tn belt Al m end of
Mie tlrjt lifteen niinutes the mai i;et was
till ncthe, with prlfPH about 5 points
nndei lait night's dnxe.
The Soiitiir-rn 1'iodii. ts Co Nuied a
reKiit milking the (im.Iltion nt ir.ttnn
.11 0, and eitiin.iteil crop m " 2,'iii.iHh)
bab'i.. Till". i a decline of L'.'l pointji
tor the month.
lii'-eipts nl the ports for the day nie
cnnuiled at Iti.OfMl bale, ng.iiiit
week, ( 1 i bale, a
fill s In IIILI.
1'rviiiUM 1 no
i 'fi upi-n I' .M
14 111 1 1 -.H l'i 4H
III .'! IS Jn I-, an
l.'.H'l f. III! II a I
15 III If. I.'i
1.1 4T Hl .
13 9.- I,', l'i .
NEW YORK COFFEE MARKET
New ml. Aug li(l. The Imal rut
fee fiiiurch market failed to hold Its
litinness of eterda on the opening
cull this morning. First prices worked
lift (I to 11 polntt., September showing
relative weakness, todny being first no
lice dny. It was estimated ihnt fiO.iKMi
lings had been tendered on contract
It was Intjr estimated Hint notices
ismed amounted close to (l.",(HMJ bags
Htid thev were being leadih taken up
l -li-ong tiade iutcietn.
The iiuirket was doing belter at mid-
da. prices ndvnneing about ll pninla ,
finm initial leveN dehpite the large
niluiiie of contiRi-ti of Seiieinbci- coin
ing iii nnwo in.iue a snow ut linn
nbs i iinung n to (I francs higher anil
nlcs ,'iOOU bags.
Trv Clpti
Rptnibr 2'iI2jJ
Daciimbtr .it. S.B4tt9S
March ..,.t I',51SgJ
FOREIGN EXCHANGE
New York, Aug. liti. Kates on Lon
don, us well as the principal F.uiopeau
centers, displayed an easier tone nl the
opening today, all being offered down
wind In tho initial dealing- in the loi -eign
exchange ninrl;-t The Si tin
diniul.ins who irtegu'm
The quotations were
Sterling ( ables .'! (s'ih, deuuind
.'( iiT's : fianc cables 7 71. iheilts 7 7.'l :
lielgian cables 7.47, i Ins ks 7 4tt ; Swihs
uihls 1(1. li:5. cheeks Killii. In.. , ables
4.li7, i hecks -l.-O'v , pcM-ta cable?
:ii.!N. checks l-l)d: guilder cllb'es
111 L'i. checks :U.(IH; Sinekholm cnbles
21 .".'1. '-becks 21. .Ml, ('l.ristinnia cables
I.". 10, checks IMS.!, Copi uhagen cubles
17 L'i. checks 17 111. minks 1.17'
Central Kuropeau exi hauges weie:
(ireeU, ,r lid ; Humaniun, 1.21; Hul
garian. .S-'l ; Austrian, ''-ii ; I'olish,
til1,: Czecho-Slovakiaii, 1 lil'-j ,
.lugo-Sliiviiiu. no'-i
YKsTCItHAY'S PINM 'JI'.'IATICNS
Sicrllna Kraii s l,r (lul'dm.
IIkii ami . :t Ti). 7 an', 4 ,n -, m
Cab' II 7n ' "1 4 So'. ,11 jj
TJDAi S Ol'KMMI -jl iiTATl'j.Vs
Cisilliig I r. r L-i i;, fr.
Dm and . 3 117 . T 7.t 4 jn us
uli'm 3 lis n, 7 "I l J7 : j;
Financial Briefs
A ('hlcaen ItOdid or TliiIh mnmberahln
1H0 fiom tli Inn preUuim nlt.
Tlii. Illinois C'onumnro t'ommiii'loii hm
suihorlre.1 IIih lliinnl, 11.11 rt",'l,orie fom-
alora DS ir icnt of which aooa to Hie
;VnTni.ft" Tlell"Jn" "' r.li-Braph ;o panv
"nd ihv remaliid. t., harrhol.!i-ri! Coit
of n.inp.inv a (xienamnM .m.l othtti lmpiot
iiienis during tie ut iUb m.ui .iBsr.Vateil
t)1 UU0 0011. fc" iaieu
The HulnaB I'omlmt Comnnttfe of ih
,.'T ori S.,ock 'ehansa has U-iun u thor
!Si ' 'nu;,,""V,0'1 ot "" "'onaou. report
... . ..,lca.r , l-trcl(.um Company had ii-
ft-rrdl ItH dividend
Hmironda of the iountr parnd 1174 no?.
I'l. In fix monttn tnde.l with lun nn
aBulnm J31 1 7V.M 7CM. . Vam. period last
ii.il. """"'il' " iisurrs IUHdn pil 1 c by
Inter.lala Commui.e 1 ommiaaion llnenui
frcm operallon wna .',U7e 4U7 ''.1L a
V"1."".1 J.V.T:' i"! '"-' "peratiiis .pen8
utnieii ai :i:i 747 nt-i i,u ,L.,.t..-. . k--
1 u.i u.i . . ,7. L "..uli -lllil -
iscisoj Oporutlrs rxpin.ni wain ss an prr
ir."!., "'" l,l,'i'tiK raieiiup-, m uailnt
I'd !3 per cent fi
laai tkr
h" six montlia' pollod
I 12.2i!l balea last
j ear nv u"' "s"d I
Dlnlir
I, i-illl. 1
1 1,1 nuai y
Match
la .
Iui ...
LIVESTOCK QUOTATIONS
(liliuiro, Auir '.''1 ITI.H It.-. pi.
80UO lira. I Siad Wn ' nliiln. tmlk i.ef
ati-i li."0tU ll'lIU 'a' all" atoc-l, SI'S it
annrra and cuttara tataeS $'.' .10 :i r(ii
hulk ladosna tulla I17r,1Ml." hutchara
11.11171.17.1 hulk i-a fh,i tin :,il-?( 1 1 .
alocaria and feadi-ia fc(-r. mnai 41t!il.1n
IIOGH-Ittci-lpn IS mill hand TalrK in.
tut- su-udj to 1''. li teller ImlW of auln
7 4H1c ll 7r.. Top '.i nn hoavv wenflita
IS lOCj n Tjll madl'im "..iichls III 'jr. SMMni:
liuli' elBht ftt.notfti en itjht Mrltta M 7.1
ti U 7.1 he.iy pari. ti n amootli 7 1Vir
a 1 -n-klng aowa. muah 78(7:in plua J7 7.1
O'l
II.KI Itare'pn 1 nu 1 ha.nl -sheap
tr'i tut nuttwt lumba pk.ii ltt.aU 'nti na
nt J9. hulk ar JxluKcli no Weiirn
iMtiba an'd eurb o-' -rt-dar lumba -a
torda-.. 17 78.
I'ltiahurKh. Auk '.-n -linos - nrlpt
Jiiilii head Slejirl' ll.a i-a til 5(1. Iihjvv
Kara Jin 10I i" fin iicnt joikara, in SA
On liaad
110
Mt'd
Ifi 111 nlaa. J 'J LMKIl Ml
SIIKKI' AND I.Allllh
H'-clpla
top Ihmbi
Id CWTTI.K
c'alaa riraltita
7
Oran
,S1&87
a.n8
sinadv Ti p aht-aii .y
i-ALVLH IlecalPH IDD hoad
Top jr.'
laint ItlltTuIn, N. V.. Aili
Ilfi-tlnta .1,10 hc-Hd. Injll
IV II hlichar. I,1l 14
IIO(i5 H.ralptH 4 Cil I -a ! s- ion I., .1.
hlghar. Heiuy. Ji7.1tiii ii,,-d tin VSW
HI f.o jnrki-ra, Jill Knu In i;ii iii.1i' ntKara
in .10(110 pSJTM S'J'rfli 11 touh ID ,11) If
il 7.1 huich Hra'.
rlllLKI AND I.AMlis Ua. olpt ie
he-ad blow aaiimaa f.Oi lowai .Hinlix
I l.'l ioar, lambs t.llfn ,ln, je.irllnaa
n inf7
BANK CLEARINGS
Hank claarlnua tndav, tompjrrd uh ror-raapondiiia-
dav laal two -ai
1021 HUH 10111
r-h 1.1 . inn.onn nnn 17.1 in.t 7nn $7 7(mi .112
Iloaton . S7.3tl 775 4Ulon,174 50 7HJ J.15
DIVIDENDS DECLARED
Th William Cramp A Hona Hh'p nnd Kn
Sine Hulldlnn Company, quarterly 1 ror rent
ri.i able Haptrmtur 30 to atockholdrra of rc
old Heplembar 15
Oran.IH Clumli-.il Company, quarterly S
Pi r rant on mminon and lVj per rent on
praferred. nolh ptsaiiU. Haptamber IIU li
atoclc of reeonl Heptaniber 15
1 npaulliiattril Oaa j:,ntrl" I.lrfht and
l'ni if Haltunnra 'luariarK .' ptr c nt
I1.1 a lit-- i)rtob"r I tn ainck nf record Htp
tamber 15.
Naw Yot k Dili airri and Rt T.iula 1.1 on
a.ronil ptaferrnl ua-abla Haplatnbar III In
aiuck nf record Hrpl'inbtr .1
Paris Bourse Firm
rrii Au' fi -I'flce' ure firm on tha
Houra today. Threa ptr rant rrntts, 58 1
iset oxepanaa on inoon, u 110c, a par ctnt
oan, Itf tie, T)) dollar rs quotad at
a. vvw
S-oulll I'orto 111,,, uiii fompaliv apfclal
aio'kholdara- inic mr ralla.i . euihuilr.. -in
nuc-a-a In Ihn niefi.irtd aim., from $1 000 -ntami-."""".'-."",
h,,B.b--n "'""""n'-l nntll
,-.... . . .n,,ti iMuiiiaiiam h tem
porary iinler of il fbanclloi Mavanaon
!' '" "'7 an" nnoiil-ra I'UIII MI'll'R To
ihrt inopoaisl Increaae of vrafarrad alook.
,r';,"l;'.l'iU,,i llnl, '""' C.iiipnin for lha
.1.- .......J..." '"' 'Ullil .111.1 depiarla
Ion f ISiJISS. Tli's (m.,r-a with aut
I u li'foie diprei-l.itlon if 1.11)5 .127, in th
.l.y.n..,i"s..,J""l',,; .""J " "1-.571 in nm
.o,.w,iuiiia cviiuil 01 myo.
,r,T" iF prlca f uwV a,.m nrUB.
trial aticka aitwmced nl i ar rif. uat,.iriav
,"..."J,.",,.tthl1- ,h" '"""'v inilruad.'adl
- UtK !". ,U VVt VCII I I (J f U I .
aiTm iN'W y."rl(llSll KulMnire haa sub
ai'iuiad up thn ,i iir,,,,,! Trunk ltnllu
(.omprfm of I'anuda U1 nun nno ient"."ar
1 Ptr e.nt alnklnir fund unld m-la-iiiui-H boiulu
I.Tad0, '' ,iV"' '" ""ll "f WHMBm'A?
Itoad & in Intarim i.ituirataa foi th
lama a.runtlan Ilia pmlitnini has re tlt.c!
appll. anon 1.1 Pat 1'iortuiara and Itifln.r,
Nirporullon $'J Hill I..10 , iinul.itii' ,,r"f..rr.d
,'.,,!"' "nl '-"nv.;ltlbl no, k and Slll)l.
'" luinniuii alock
haiilal A Siawari I,h ra.iunad fnini tha
Hoard of Iiliacmia nf the (iuarantoa Trial
and .suit Dapoalt I'oniparn r,'"M") Jru
HillTa . Jlncliran-i ,, n I J'lt.nurvh leinirta
10 Inf-ittdio ( nmm.T 1 miinilaal'iii ihiul
.ek of AuBum 1277 1113 J.,8 ,,,, ,
ti '."!.. -L",""'1" ' '"''"IIVO da,, J, .,
Tha ciiiLiiii. .si,.K i:x,ia,,ar. mil rin-
holl'd!,"" '"I'"'"""'- I 'rnililna a t , . p"
MONEY-LENDING RATES
M'.JV YORIv .tnn mi ,al! l,t, t,,a8
;f roll,, eral npan-d t.lai at 5 par cent
for landlnir and tananihii
Tha money maru aupet rlclallv attain
ahowad an malar condition todav nnd rail
lean on tho Stock Kxiliature tencwad nt .1
prr cent, tha low flirure showed atarda
while uutalda monav una aaln avallabla
at t'$ par rant
Time funda ware nominiil at a. tn n
pr cent In Ihe larr fi w dava until today
n comparatively laraa ainoun t of tlmp
ni'inay haa boan nval.ah'o at r, pvr ,,,n,
ToJav the market was nominal with laaa
"'.roy In aia-ht at 5', per rant in il oai
cent
I'ia-ie bank anaptineaa n.r nulu and
un- iuikoI
,1 men-ontli. paper I l naaa cntilmu'-a t"
ht lor, on i ti b rata ., ala a' IP. tn il pfi
t. the laai fm lnni iiiiitijritlaa tuiil at
ictlvn nami
3'J
a 'a
a.
4-J
K4
IS
5S
'k
76
LSO
r. ai.
it".
44
114
115
78
t5
am i
15
It
IIU
INnni'BNIMlNT OIIJ4
Arkansas Nut Gaa
loMon ominit
Cnrlb ind . . . .
Cltlaa HrrMca pref
i-IK Jioein i-ai . ..
1-Vdanil Oil
c.llllland Oil
Int patrol
.Maracalbo oil
.Marrltt Oil
Merlilan Pet . . . .
No Co .Oil p'ef . . . .
N'oble
Omar Oil
Halt Creak Prod
Hlmma Pat
Skclh Oil
Taxaa Chlaf ... .
Wilcox Oil
MINIMI
Alaaka III Columblu
lute L-oilgi-
Mnaliin & MnnlanfL
Camlelarla Mln
Cuna VlrKlnln . .
I orlaz Kllar
Craaaon Gold
t'leaennt .MniNamara
Kuraaa croaaua
llnlilHMtil I'l.ri. .
(told Xona . ...
llurinlll Dlvnlr
1 tmln Hniimt
Nut lu nn I Till
.Mplas.na-
Hay Hercules
Tl.. v I ', ,n .
'I'onupih Ilalmont
Tonnp.ih 1)1 Ida .
Tonopah Knlan.slun
'I'onopah Mining
i niifcfi i.astain
t'rrited Varda
Yukon Hold ....
llOND
Atnrrlcan Toll 7 I una
Aniellc in Tel 0a IP.' I
Anaconda 7- IH-li
Hath Stf el 7a 111-'.'
Hath St.a! 7s IICR
lloth Steel 7 Itiifi
i 'an Nat lt m 7a
Coppei Kxpurt aa IU1-4
Copper I'.xpnrt as lui'.l
Huniblo Oil 7a
Intarboto 7a
l.lbby McN'aili 7a
N V N II ii 11 Is
Sanra-Ko. buck 7a
Houtheni Itv Cl .
Stand fill N Y 7s lliiM
Stnnd oil N Y
Stand ull
Sun 01. "a
Mwlft 7a in.':.
Bwlft 7a ItiHl
llarllua la
lluaslau In
Sw la- .Vy a
I l!'J
iii.-n
n'js
.V, a
M,
1)11
3.
4 I '-j
5J.
K
ii j.
T'a
12
a'n
20
1'
l'i
II
20
24
IIS
-.tl
-III
HO
H,
7
a.t
us
in
20
211
Sit
4V.
IS
8
l'i
71
'v
..7A
.
II)
lola
pk
nn'.i
nii't
tiss
H5
llM
too',
1011,,
IIT'S,
77
U.l'a
aa'l
lia'i
l)7i
11)2 'a
lO.'i'i
11104
II7'I
ItlUj
II
SI'
7
IH
44l
r.J
l'i
IS
M't,
17
7H
12
IVi
20
1
'
34I
V
40
ho
ai
:t7
10
IK
55
4S
IH
8
l'i
(III
I.'.
H.
-'A
21
III
lilt
ttS ,
IMS
llll'd
IIH.
II'
103
lllll'i
10l.
7HH
1)5
saji
iin';
117.
Ill 2 Hi
(1.1 W
8
4a;
5
1
1".
2i
58
22S
1
tD
27
IA
5
7ft
15
11
mi
a' i
CP ,
a. i
44' '
il-l.
l'
to
12
a i,
211
W.
I".
(I
;
in,
i
118
2.1
411
80
.12
3M
1(1
11"
2'.
.Ill
4
18
l'i
71
I.'.
P.
'-V.
21
114
1
hum.
ii2i;
117 S
loM,
I
ss
nilW
mvj, i
III! 'I,
US'.
115
111.4
1 0
tuts
P7
77
1)6
n2 i
ON'
H7.
1UJ.
1II5S '
10114 I
PUS '
117 .
I 111, '
" I
LOCAL MINING STOCKS
TONUl'AH STOCKS
Itlil
I'HII.AriKM'llll all pr , ,,,i ,
0 par rael mmia-. ,al i apar three to rlx
rocnl'.i, n pei cant
Nolo- Tline are maraly nominal nuni
tlena. th laaal rata of nteratt In tha Stata
of PonnaHvanla belna ned at ! per rent
Plqa pramlum and eommliilon. time money
for thirty to ninety dava la loaned nt 8 to itU
per cent, wflle commercial paper, from thirty
In ninety daya, la loaned ft 6 to SM par
i 'a ah llu . .
llm lliiiin
MniNnmnr.1
Crea ant
.lldwn
M'zruh Kxtraton
Montana
North Wai
rtoHcua Kiba
'Innupah liit.nslon
w.-n r:,i.i
Waal Ton
DIVIL
Allied 1)H
Alto D-,
llflihur
llelcht-i I-.ktinalou
Hen llur
llrniiEh nil
Ilild 1 xt
Dlv Con ....
niildand . ..
llaM IUv
Itnablmli-k
nigh nu
Knot
l(. lull IIU ..
Si tin I mid
Tunopih I'll
Tun ilaibrouik
Vktory Dlv
Valila l
.ohm
Pl
HI
.'i7
14
OS
14
08
. . . 1)4
0,1
21
nt ,',
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THIS bank's consistent
growth is the' best evi
dence of its worth' to its
depositors.
Central National Bank
of Philadelphia
Chestnut Street at Fifth
Capital $i,coo,ooo Sttr)Iu5 and Undivided Profits Eamrd1 $4,400,000
f
$1,500,000
Mercer County, Pennsylvania
5l2 Road Bonds
Due Serially 192. to 1950 t
Total Assessed Valuation (1921) 545,002,023.00
Actual Value (estimated) 100,000,000.00
Net debt (including this issue) 1,739,000.00
Katio of .Net Debt to Assessed Valuation, 3.86 Per Cont.
Population (Census of 1920) 93,783
PRICES TO NET 5.25
Exempt from all Federal Income Taxes.
Free from Pennsylvania State Tax.
Harrison, Smith & Co.
INVESTMENT SECURITIES
121 SOUTH 5TH STREET
PHILADELPHIA
LOMBARD 6100
The fundamental factors in the
Present Railroad Situation
and their application to the
St. Louis & San Francisco R. R.
and
Rock Island
are discussed in our circular PL-435
now ready for free distribution.
iier J. Schmidt L Co.
Jitmbsrs Canrolidated Stock Exchange of.NevYork
PHILADELPHIA
1323 Walnut Street
HtonenB?l,Watmit4660i Keystenr.Rac S781
NEVYDRKt 30 Broad Strtcti 319 Fifth Avenu
OTIS & CO.
Stocks Bonds,
Acceptances
Foreign Exchange
Member of New York,
Cleveland, Boston, Chi
cago and Detroit Stock
Exchanges, the New York
Cotton Exchange and the
Chicago Board of Trade.
Private wire connections
with principal markets of
the United States and
Canada.
216 Superior Ave., N. E.
CLEVELAND
New York Boiton Detroit
Cincinnati Columbui Toledo
Akron Youngitown Dayton
Denver Colorado Spring
OS
.1111
.on
InvestirjatlntJ "Mexican Pete" Break
Nr VirL, An 211 -In U InMii'lsntii.n
i.f a l)iak In Mlcan I'ttrnlmm fti
fa! report rari1lnr the impn'a iiii,
cl'ricl hail b" dliifmlnateil by a ticker
in i. r the Nei' York Htock Kxohanxc- t
iI.ii ciiectered It inemter' lo report then
trnimiirtloni In th lock ytiilerilav r.'t the
day titfore, with tumM Pf cllnt, prlc-cgatH
ollur dtIJe. ,th ticker "rvice cLIme t
lmci ,tfit Meeelved pr a telephone rrmxio,
HJ it ehle annneelton. the nrilee nf V.
exchtnf '.r liWorrnetlon ai let ehort and
Ion ;SMfT"" w "i !
Ballimore & Ohio
How will l'"' road btnefit by Gov
ernment .(filiation?
How uiill B. & 0. Stock act
mardelu'ise?
il c Bay or Sale?
Then and iiwm ntln.r Intereatlnic
iiue.tlnna urn 'lircutudd In u romplnle
nnalvi n Iia Juai prepared
Tnuee wtm are Malclilni? thla papu
lar lam ahnuld is rite for a FKKR
C'OPV TODAY
MBLTONHEIMCO
STOCKS'FOHtlGN KXIIANCEBONDS
' MtMBawa." '
PHIlAOHPHIA,STOCrieKCHANO&.
CONJOllOATeOHTOCKOlCHANCUM
1G22 Chestnut Street
I'lioneai Hell, Hpriice KOI 1.4.3.1
KriMonel Itarn 7S0
11 llroailua.v i. m ftlh Ate.. N. Y.
glumford, C111111, .Snrlnullelil. Miiaa,
llot)pkr. Mute
Adirondack Power &
Light Corporation
First & Ref. Mortgage)
6 Bonds
Due 1950
A long term hydroelectric
light and power bond secured
by mortgage on all the prop
crty of the Company, serving
a wide area including Schenec
tatly and the intensely indus
trialized region of the Mohawk
Valley.'
We recommend these bondi
for conservative investment
Price 86 and interest
Yielding about 7.157c
Complete circular on request
Harris. Forbes & Co.
Pino St., Cor. William
NEW YORK
PHILADELPHIA OFFICE
Wldenor Bldg.
Telephone Spruce 7040
Foreign Exchange Explained
Ath for Frf Innhlet F-2
Wm. H, McKenna & Co,
221 South l6th St., Phil.., F
4
Kardos & Burke
Inveftment Securities
Government Bonds
Forelan Exchange
Foreign Dondi
Inquiries Invited
1424WalnutSt.,Philadelphia
Phone; Spitice 6397
Mew York' rittibutfti
Chicago Baltlmoie
bireo PWiaia Wlrri
?
I'ditta.-Ohio Ir. & l.t. V; I940
Johnstown Traction Tih, 10 IJ
Amnrlciin tlaa Tn 109'
HENRY D. B0ENNING & M
ji
ttffiriisess
cw
;hM
ifr-fifti. , .ii' ,! rij - rtto. f.'.fe;;.