stsssalMP f&frJW " ,"P '7WV llfr wwwr,,''nr &, WWCZ wk,?'ffT? !$?'' "AlSw'.!U''ffr':'',J; wT' ii Hn; .J. --" ",? m"L r Ot i 'v- - '-. iy,7rf t; ', -M lSSl. . r ... i-l ' ' ' r -, - , - ' - MHu- ' 21 EVBIN.G PUBLIC LEDGER--PHILADELPHIA, TUESDAT, OCTOBER i, 1021 -? i '- w $1,500,000 Allegheny Pittsburgh Ceal Company Guaranteed Mortgage 8 Sinking Fund Geld Bends, Series "A" Guaranteed principal and interest by endorsement by West Venn Power Company Due September 15, 1941 Denominations $1000, $500, $100 Price, 100 and interest, te yield 8 Redeemable en any interest payment date at par, plus accrued interest, together with a premium of 10 te March 15, 1922, less pi of 1 for each year ending March 15 thereafter te maturity. Sinking fund sufficient te retire issue by maturity. Interest payable without deduction for Nermal Federal Income Tax net In excess of 2. Free of the Pennsylvania feur-mllls tax Allegheny Pittsburgh Ceal Company, located in one of the world's richest coal areas, and immediately adjacent te the large Springdale Power Plant of the West Penn Power Company, was incorporated in Pennsylvania in Octeber,i9i8,and is engaged inmining a very desirable grade or bituminous coal. "West Pefin Power Company, which has unconditionally guaranteed the principal, interest and sinking fund payments of this issue, organized the Allegheny Pittsburgh Ceal Company and owns all the capital stock of the Company excepting Directors' qualify ingshares. The investment of the West Penn Power Company in the Ceal Company is a very substantial one. West Penn Power Company lev catcd the Springdale Power Plant en its present site because of theaccessi' bility te an abundance of a very excel' lent quality of coal, and because of the numerous advantages due te this location the Power Company will contract for the entire production of the Ceal Company for a period extending well beyond the maturity of this issue. The Springdale Power Plant is one of the principal sources of supply of electric power for the West Penn Power Company and its ultimate generating capacity is de' signed for an output of from 250,000 K.W. te 300,000 K.W. These bends will be secured by: ' a First Mortgage Lien en all the land, equipment, and all ether prep' erty new owned or hereafter acquired. b A direct first lien en all the mining rights and leases new owned or hereafter acquired, including min' ing rights as estimated by independ' ent engineers covering in excess of 31,000,000 tens of unmined coal. c The unconditional guarantee of principal, interest and sinking fund pay ments by endorsement en each bend of the West Penn Power Company. d Ceal purchase contract of the West Penn Power Company with the Allegheny Pittsburgh Ceal Com pany, and all benefits accruing te the Ceal Company thereunder. The mortgage securing these bends establishes a minimum sinking fund suf ficient te retire this issue by maturity. These bend are offered for delivery when, ss, and If Inued end received by ui, and subject te approval of counsel. Temporary bends or Interim receipts, later exchangeable for definitive bends, will be ready for dcll ery en or about October 10. 1921. The above statements ate nfficlsl or are based en Information which we regard as reliable, and while we de net guarantee them, they are the data upon which we have acted In the purchase of this security. West Penn Power Company This Company supplies electricity for light, heat and power purposes in about 300 cities, towns andcemmunities located in the Pittsburgh indus' trial district, which is considered one of the best fields for power consumption in the United States. The population of all cenv munities served is in ex' cess of 500,000, while the chattered territory exceeds 4,600 square miles. The average earnings of the West Penn Power Company for the five years ended December 31, 1920, available for the guarantee of these bends were about $1,127,000, or ever 6 times the maximum annual interest and sinking fund require ments. Fer the twelve months ended August 31, 1921, earnings avail' able for the guarantee were $1,945,638, or ever 11 times the maximum annual interest and sink' ing fund requirements. New Yerk Bends (OOOtl NI Bfl'lVH Halsey, Stuart & Ce, inc. A B Leach & Ce, inc. Land Title Building 111 Seuth Fourth Street PHILADELPHIA PHILADELPHIA Examples of Securities that have advanced Yeu will be intensely inter ested in the tabulations in a new '10-pagc illustrated book, which gives a "dose up" of America's Second Largest Stock Market and many companies whose stocks are traded there. Call phone write for a copy Ne obligation Ask for TU-496 Jenes &. Baker Mtmfw New VerJc Curb Market K.-v '?lr?5t Private Wire'. Lhiraie lloiten Philadelphia ."'. ""' B,lllm't Utveland PHILADELPHIA OFFICeT" Widcncr Building Telephones Be" " - - Locust 47J0 Keystone - Race5Bbl BALTIMORE OFFICE 433 Equitable Building Telephene: St. Paul 84S1 Guarantee TRUST AND SAFE DEPOSIT COMPANY STATEMKNT AT CLOSE 01' ftl'SINESS bKlTKMIIKK 30, 1DJ1 ASSETS Cash en Hand and Deposited with Banks and Bankers $1,317,441.35 U. S. & Municipal Bends 200,000.00 Call Leans upon Collateral 4,165,983.98 Time Leans upon Collateral 928.3G3.35 Commercial Paper, and Acceptances, etc 278,632.13 Stocks and Bends 3,051.271.81 Mortgages and Mandamuses 310,647.15 Ileal Estate, 316-318-320 Chestnut St. and 9 S. 52d St 373,000.00 Vaults and Equipment 100,000.00 Other Real Estate 26,894.43 Miscellaneous Assets 94,096.52 Accrued Interest 92,884.55 $10,969,217.57 LIABILITIES Capital Stock 51,000,000.00 Surplus 400,000.00 Undivided Profits 253,012.93 Reserve te Cever Depreciation in Securities 74,133.69 Bends Borrowed from Customers 225,000.00 DEPOSITS 8,427,799.99 Interest Payable te Depositors... 67,377.09 Liberty Leans Rediscounted 500,000.011 Miscellaneous Liabilities 21,893.87 $10,969,217.57 TRUST FUNDS AND INVESTMENTS WHICH ARE KEPT ENTIRELY SEPA RATE AND APART FROM THE ASSETS OF THE COMPANY. . . .$21,285,208.10 bAMUKf. I HOUSTON 1'renlilent 316-318-320 Chestnut St. IlKKIlintT W. C.OODAI.I, Vice I'renltlrnt 1415 Chestnut St. llOWAltn 13. YOUNG Treemjrer 9 Seuth 52d Street iBBBBiii We Own and Offer Jelnt Sl" I .awl Hank IlenJs I fullllUa ' due In 1030 l lrld 5.50 "Hi due hi 10.11 lu lflil .1.10 "iVuLT'i "," " ""m Uc..l . 1.,"'','r"1 s,n n'"1 c' 'l't inliiTliimce taxes WlOINIR BlDG. PHIUDtlPHIA MmUrtPteUMMa and ui rutkiteck xcuAii GRAIN These IntcrcHtcil In grain futures) should mid our booklet en "The Chicago Heard of Trade and Its Operations." Copy free en request Boureau & Evans , I'lillii. Made lU'chunre Member" l('hli-in inl (if TTuild 130 Seuth 15th Street Philadelphia locust &181 Race 1781 Direct Private Wires te Thornten & NcKinnen (UIAMTH. N J. M M-Vi"WYl ppypPI i Milwaukee Lt., lit. & Tr. 5s, 1929 West Penn Pr. 5s, 6s & 7s Amcr. Ice 5s, 1922 Phila. Sub. Gas & Klec. 5s, 1960 Central of Georgia Pr. 5s, 1938 Niagara, Leckp't & O. Pr. 6s, 1958 Samuel McCreery & Ce. Members I'hitii. Stock Vxchana) Fyanklin Bank Building DELAWARE R. R. M0RLEY, WOOD & CO. ,,,,, 333 Chestnut Street "tr. N. Y 4 PhlU. H,ck Kh'. I A WalLL... miJ Is hinSiit;; srjr" "i" Kwhww. FiC"cl" 1 1 lirra.... . , i"M'ir invent 31f mure lmi .Ji opportunity fr UrrlterV ",lMmtn emaliiiniiJd i I A lift"'1. l'.,.,irI Htnre, Md. . .i.liui.H Ol'jVlCK CASSATT & CO. Investment Bnnhcrs CO.M.Ml.UC'lAl. IHUSX 11LDO. I'hlliidrlnlilu New Yuik iMltiinuiu j. luiiluti l'lltBbursh1 i:xnrU'iieeil rurnlture man, centrull Iiik iTeilucllciri KPllnnr iiruanlz.itl"n, lirwluctliin 1300,000 per annum Wiiiitx (actnr and Heme viipltnl Any nun Ii.hIiik nt ullt wnrKIm; pluut can K't .ime te iiulrk uporater. A 5. I.KIKIKU Ol'l'ICK Mutual Trust Company Main Office: Bourse Bldg. BRANCH OFFICE 60th and Ludlow Sts. BRANCH OFFICE 2809 Germantown Ave. Statement Clese of Business, Sept. 30, 1921 RESOURCES Cash nnd Reserve. . $419,832.33' Bend and Stocks.. 775,581.01 Leans 2,333,739.94 Mortgages Owned.. 140,250.00 ', Real Estate and Buildin? 208,636.06 , Furn. & Fixures.. . 26,399.20 OUstemers' Liability ' Account Accept ances 8,100.69 , Adams Exp 41 1 C8 1 08 1 07j Am'n Aif'e A Ch 7tts 1 er,s4 i nuvi l. ... nm 1. ... ne4; 2 .... en. Am Cat Oil ft 1 72M a h it n'B as i 7im n . .. 7nw 2. .. 70 2. . . 7()V4 1 .... 70 Amn TAT ell 2 .... BS 2 84 3 8-H. 2 84U Amn T & T (1 1 R8V fl 88 fi 88'.. Amn T A T fls 0 & Nwn n'4 J.... 101'i 4.... 104U 4 104 ,. Chi A Nwn 7s 1.... 1034 Chi Hwy'n Rii 2 04 1 1 1 CltU 1 a l 5 1 2 .... .SOale) 08 1. 10 n n n l a. l.. 10 . 1 102 102H 102S 1021!, 102M 102 102Vj 102 Vi 102 V 1(12' 102Mi Arire Ilep'c (1 1 72 S 7P. Armour 4'4 R2 IIJB Ke 4nl IH't 04 U 01. P fd 70i.j 70 , 70 K 70 70'(, 70 1; S 70 1 70H I'hl U Htft i'i 8 RilV. Chlcnee TTnlen Sta ct 0(4 1 107Vi Chi t, W I 4- 2 02 '. 3.. .. 02H Chile Cep'r flu 10 70 1... . .fls J .... 70H 1 7li 8 mv. n.. . 7e li Chile Cep r 7c 3 or, r. . ... tr li, C'ty of Hereto 8a rets l(nalc) inns, 1.... 100s; City I!ern M R let i, 1.... Kit 1.... 101' 1 . . Bl'l :i (h.iIp) US', 7 78 77 '4 78 78 78H 78f, 78 ',i 78 i 7HU 78 V Atch TlSFs cv 4s 1 73 Ateh T & S Te cv Is 'B5 0 T2 Atch T ft H 1-ti cv 4s "00 1 .... 80Vs A Coast I. 4i a 78h Atlantic lift i ct 0'4 2 102j 3 102',, Has I'wd'r C 7,s wl ! 2 .... nn'.i I 1 II9 , Unit fc Ohie cv , 4 ... 70H 1 3. ... 70'i 1 .... 70", 2 . .. 70Vi 1 l'nlt & O ll'is 3 (sale) 88 l'nlt ft Ohie At 2. ... 70T1 l.ftlt ft Ohie .In 1 .... 73W 1 .... 73i 1 .. 73j S... . 73'i 2 731, r, ... 73. Halt ft'Onl" fls -' ... 03i 1 . .. 03i4 1 . . !.T. 1 . .. I'3U 1 1)3 1 1 03',; HI H3H B 4. O P L, U ft V Va 4 2.. . 00'-, Unit ft Ohie H Wn :tn 8 83H 1 83V, .1.. . HHij I... . 83U Hell Telephone of Pa 7n 1.. . 107 neth Steel fd 1... . 83 Bcln Cep M 8i 1 871-j nkn i:ai n r 1... 102T. 1... H12 3 102'. I 1 ... 102',, T. Rapid T 7d, 2.. .. e'l 1 .'. ". -. . . 00 ' n Rap T ct 7.i Hi fiNi Ity llerd x 0 2 81'4 r... .. m, 2. .. 84 1 84 8,1 4 81S Cty ChrN'a n 10 KllVii 10 10U,' 2.. . l'H 1 . . 10(1', 1.. . ion, 1 1U1 0.... Hit City of Copen hagen S'4s Jve't V LEBANON ACITYONTHEAiAP qp H E "Back-te-the- Farm" advocate finds no idle farms te go back te, in our rich Lebanon Valley. These fertile acres bring te the prosperous City of Lebanon their choicest fruits, vege tables and dairy products. Life here is far mere than mere existence. In Lebanon you live! LOCATE IN LEBANON! ADDRESS LEBANON CIIAMBERpr COMMERCE LEBANON. PA. I y Narrow the Selection Down te "The Best" With the Aid of Detailed Fads The ability te decide which is the best of the ninny possible purchases depends upon the facts en hand relative te the various securities. The most careful comparison of the merits of each investment serves te establish mere firmly the fact that there is one "the best." The exhaustive analysis our organization has made covering the railroads and their securities enables us te present convincing facts which permit of n satisfactory selection of the best investments. BROOKE, STOKES & CO. Members Philadelphia Stock Exchange 140 Seuth Fifteenth Street Philadelphia 734 Fifteenth St. N. W. Washington 102 St. Paul St. Baltimore e 801. inn 2 . . . . he 1 .1.. . 7i l". 1 80 I 1.. 3... Ml ' I.. City Mars' 0', 3. . fi hm 1 . fi H4'n 2.. . ' ny I'arn in '. . 1 ... !! I.. 11 .. 2.. . nii.lfil 3 City Zurih 8 , 1. . . 1 Ull,, fi. . 1 1014 0.. 2 101 ij1 1 1 101 ',, 3. . Cl'il Cln Chi a. 2 . . Ht I. Oh d . fi 03 . 1. Cei Indus'l ."ik 111. 1 ... 71 a . 3 71 Columbia (l.ii1 p, . ft i: 1st xta 3 1 SOW J 1 . . .80 1 . . C Tab 4. 11 0s 2 1 );, .Orenb.' Cens'd Gas 7a Sft 1' 3. .. 102V 1.. Cuban A h niGr'd Trk lis 1 ii I 0 . . 'IM, 1 H9 7 i.-ii. Cuban C S cv l' p.". 4 filV 2 fi" .'... . 51 I S firi. fl 51 UrM Irunl: 7 IS Sl't 1 ... 103', S fil 10 103', 10.. . r.l'i C. Ntli'n R 7 i(i C M J I 7fi ' I I 8 10. r. l. 4. 10. H fi. 1. 1.. r.l'i SIS ,.ji t KV fii'j, SIVi r3 fi'-",) i 10. i.'.. l. ina, 10T, ln.TU 10.11, 1031. 1031, K.r.'t 103'. 103, 103 "-I 103'. tleck'K V 41,1 2.... 7.1', Hu.l ft Man f 1 , rt 7a sta 1 r.4T 1 r.4Vj 1 fifi Bush Illdff it 1 " 1 77N, 1 7.. 3 771, 10... . 77S, Canad'n Nthni OHh rets 2 101 3 0 fi I fi. r. 10 n fi3 a fia r. (silo) fi2i;i t . , H. oe 13 BUl 2 .. 00 1 . . . fi2 4 ' ID . 00 2. .. fi2'. 3 Hi.', 13 .. . fi24 1 00 2 se) .12', 1 lW I. . .124 1 OS", 4 . . . . fij 1, !' .'.'.I 3 .. 524 2 .. I!-, C'Ul)., It Ch fiaiilu.l ft Man I l 2 ... 00 4 1 Hrkn Rapid T ' '.''J ' . ii'i 1 i i e.-.i,1 Irn ft R ( Is I 1 .. 07 4, In ft It (1 n 1 4 IV Den .Moines ft I 1't D is I 1.. . 4 4 l 2. ii'Pet Hill C" O'lIU (' 1 01 U 10 5.. .01 1 I Det U T. 41'.' HI c I fi. . fis',' 10 . ; :,-, 'III C'en .la fi.. .. fi4 1' .Match 7 -j I 2 . . in.-. 4 Deiu Hep ! .'." !l .... 7S', De Cana.la 2 i fi . . IMS :: . (i I '; 2 . !U', 12 . Ill , 1 .... 04 7 ... li I D Canada '31 i i .... rvjM 1 024' D ds N'tmeurs: t-"1. I l.i 1-". . l-'4 12 , 'J' ! 12', 12 , .43 . .. 1.14 I 13 l r.tr.il I I i T( I 7S4 ir ii '2.1 i a Canad'n 3 1 . 1 . . 10 1 .. 1.. . Canad'n 1 Ctl Leather Ss 111 no Ctl raclfle 1st 1014 101', 101 s 101 4 10t, 1U1', 1014 inn, nil t N 7 ie:r, 13 101 10 1 1, 1M4 4 10IS S fis 8Si 1 . 7fi 7fi4 7,-iN. IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIillllll $3,912,539.23 LIABILITIES Capital $438,043.00 Surplus & Undivid ed Profits 140,311.54 Bills Payable 50,000.00 Acceptances Exe ecuted for Cus tomers 8,100.69 DEPOSITS 3,276,084.00 $3,912,539.23 OFFICERS SAMUEL F. SCATTERGOOD President SYDNEY STREET Vice President F. C. H ANSELL Vice President DANIEL B. McKIMMIE Vice President WILLIAM B. KESSLER Secretary and Treasurer D. D. DUR AND Assistant Secretary W. J. SMEDLEY , Assistant Treasurer WINFIELD S. CALDWELL Title and Trust Officer i in fi. in. . 7fi C R N Jh fii a ..07 CtTe .Is Pasco Cep r 8s 1 . 110", fi 1101, 1 . 110!. 1 II" 4 10 lie r. 20 Intni-D R I in M in Pnd'r 74 I 1 . .. 00 1 H0 7 . no i; 2 . 00 , I (.11 , 1 00", i . oe s 2 ... lilt S iDuq Light flu 3 ... PI 1 . . P.".', i. . us 4 1 . . PS'- fi . us; Urls lienl I.I.m 1 .. 43 4 1 . 110, " "' nn, t rvhi,. r.i i i.iij , .,. Crla IlKnl. I 1: " ; l" A Ohie 4 4 ' 3 , I 1 77 "!;'. I C & O cv 4s ' 3h'. ' . ..- ,, ,, c, 1 ' 1 . . Ill, -I'rl.. Ill) Ce I, '" 0 (s.ile) fifi 4 1 1. . . r..M. I t .IS . i:ne r et i- ' -t, '" I'l'k Hub'r i'e 8t rcta s: 3', I V I en I :,i,m i in ' . ! Pis ' n I li'-, S . 1"3 , a l '.a i in i ! I. A ,s or Jt i: ;,. Ills htffl 4 4j HI . M I 1 . 8'.", lilt ci .Met l)8 2 . 14 8 11 Int e M ct 4 4 11 11'. T f.l 10 .Ml SO s:. ln''l Art i.' ", 1 . .. 714 I M Murlne i',h 8.' H.' 2', "-J4 8-'4 1 I... . 70 1 . ... 70 1 78 Chl'e 4 All 3m 2 . . 10',' I. 17 ("hi Alt 34s' fi. . 3 . 1 1.. C II 3 1 fin ill 1 10 1 i: 37 4 . 37 4 . 37", IIS it's, . 103', . 103', . 1034 . 101 . 1014 101.. 10.14 . 1014 1014 1D31. Ill V 1 0 1 0. lial . 4 li-n I .ill Hi 4 no en n no uu II Ss . 07 Illei- fis .. 88 1 s. s.". Ml 4h 30 4 SO . Jar. Uet li , 8l. fi M4 1" SI', Jap Gev't 2d, J 84 -, Jap (,ee't s 1 .... 70 1 . 00 ', I ... 00 ', l 1104 Kiin ' l"t S Minip f 1 na 1 i:i... Us 13 1 inl ' w i' in I. .'n , Mtk-ct fis sta """I""- lir. , , u u r ii OS i, s as ,1 III 2S Chi A Krle ll 1 . se Chl u W 4 1 . S3 1 r,3 4 i 'lit .Mil k II. t Sound 4"i 2 0 I s, 1 0.1V riilrone Mil A tle,t ttl cv 4 4a 1... . OSli 0 . 04 ", 10 . ill", Chlc-awi Mil s Kll fd 44' a ion, 1 03 1 . 103 ', I . 1.i.l I 104 1 10.1'. 10.1 1"3 Prc-nth H 7Vj rci" I. fi 4 1. 1 r ltiv s 10 c s, . SHI, SHI, I Nw'n kiii I .... TT ! in 2fi 03 4 0.1 4 0.14, 03 4 03 'a K' 03 4 014 03 4 1 0341 in 03 '. fi SS4 .-. - S S, TIL, 04 0 4 4s 71 SpritiR',1 Th ha 2 . 00 ' . 00 4 4 . 00 4 1 . . I.4 U0 ' no 7 en H.'lKllllll ll . . I IS i or n.n, OSS, U3H I 1 I K L K'.M XAPITALS500,000.0Cn SURPLUS EARNED) e nnn nnn one .,VVW,w VASUlh&SprinnGarderi OTJ'vPllllADElPJlL ',XiBF-Cw ZSY S$r.9tz&2&l JirceT WHEN you save without the aid of a bank you run the risk of losing your money by theft or fire or care lessness or some ether cause. Don't let your idle dollars be unproduc tive. Open a Savings Account with NORTHERN TRUST COMPANY and let them accumulate and work for you day and night. What it, earns for you is all income with no ex pense or overhead te be deducted. Yeu may withdraw up te $100 at any time WITHOUT NOTICE 19412047 The advantages of long time investments at prevailing high in terest rates are ap parent. We have selected a list of bends maturing 1941 te 2047, which are most attractive at the present prices. Send for List .Ve. ; Ji'i Bonbright & Company 437 Chestnut Street Philadelphia New 1 erl. Butten ( hints., Ilrtriut Chicago, Burlington & Quincy R. R. Ce. $100,000 Illinois Division 3l,s July, 1949 , $100,000 Illinois Division 4s July, 1949 $50,000 General Mtge. 4s March, 1958 I'ricc en .)i''u a ii Blodget&Ce. Real Estate Trust Bldg., Phila Hosten C'hieafji) N't w Yerk Walnut ltKHl Hac, :i;.i JB&S&'ty&MA' -arcee as it reads today, ex press your present in tentions? Are you really sure what it does provide? It is a fact that many men pay less attention te their wills than te any ether important matter. North Philadelphia Trust Ce. Bread St and Germantbwn Ave. Above Erie Ave., Philadelphia lilililii I NEW YORK, PITTSBURGH & BALTIMORE SECURITIES Direct private telephone te New Yerk SPRUCE 8370 EVBoere, Leenard & Lynch NEW YORK PITTSBURGH "SERVICE n a H n Accurate Information That Is Profitable and Convenient We have ready for (lis- ra trihutiMii a booklet bound g in real leather that will fit into your vet pocket. Thi booklet i arranged fur the keeping of accurate data en your investments. In the hack is an extensive table phewiiiK approximate in comes from stocks paying gj varieu- percentages. It is distinctly te your ad vantage te call or write seen. Ask for L-l. S P. K. GUTHRIE & CO. g Spruce 8200 A Natien-Wide Market for Liberty Bends Victory Notes and Treasury Certificates SECURITIES DEPARTMENT Commercial Trust Company MtnbT Federal Rsscrvt SvsUte City H.J1 Square Weit CM n ra HI a Da a a a n.wiii:ns m ininivr.Hs Members e' Plu'tnlrlphia Sterk ATx. hnnne 1418 Se. Penn Square. Mill ( Fbiladelptla fieyntene UrV I'herr rtr 4(t? M B ra jfallHHaBBIBBIHBUMUBkU .. - 3 -xT?Jd:44 ii ' teahriUsWtejcird TuJbt M.IK Rcpubhb Iren & Strel ve NtjniJttTiQ H Hack of even price quotation and delivery premise lies a relloctien of the ad untaxes of proximity te raw mate rials. Located in the heart of the iron and steel industry, MeClintic .Marshall serves well its many customers. Free el Penniylvama State Tax Free of 2' , Federal Income Tax Schuylkill Electric Railway Company First Mortgage 6's, due February 1, 1925 Pottsville & Reading Railway Company First Mortgage 6's, due February 1, 1927 I'lirenl ( iiiiiiiii.i fur jt-iir lO'.'O 'iirn..il M.r. ilnllitr fur ilullnr tlir pur inlur of IIifm. iinilerl.t liir linndn Price te Yield 7.50 E. J. LAMBRECHT 108 W idener Iluildin I I McClintic-Mnrsshall J g Company I B (.rni-nil (iillri-.K. I'lllshurcli I' i I I'hlliiilrliililu. MiirrU lllilu I Mcaintic-Marshall I BSteelBndges BuildingsJ i STROUD & CO. 1429 Walnut St, Philndelphia 43 Exchnnge Plnce, New Yerk Cnrmptittdent Office) 24 Milk Street, Bosten 211 Colerado Bldg. .Washington Invester's and Trader's Hand Boek Call or icritc for a FREE copy of the talent issue SMITH, REDPATII & CO. Mrnit"tM I'hihi stud I linnet 1521 Walnut St.. Phila. I'liunr Purine IIKHII Kai r USUI Continued en Next Vate I'llli... C Inn.. ( IiIi.ikii A M. I iiiiIn 4'h-u I-IiIkIi Visiles Itiillrniul IV, jimi.( Mmlnlim ltulln I nuln Uunini Anierlrun iiih iiminuij ; fl.;n l.flilKh I'nuer sei iiritlfh In. it, U!1 Wi.tnr I'iml ( iiiiiiniiit (fi, i,i; .IoIiiiMemii l'riirtliin ( niiiii in H'H mn Mlnnllr ( lt . ( iinuuint ,l'n im,,, .li.r(. (111. llolieKi'll I itleri.nii lt 1'.. min I I.liunlii ti.i" 1 Mertrlr I.U-hi ( a. ,1' mm 1'lllllir -.rrnr eri. ni .1 I'eril. t its SAMUEL K. PHILLIPS & CO. Memtierx I'li'.liideliilitu flterk nvrlinnse 007 Clli:.iTNLT bllWUX I'hiln. cV (iiirn-ttfDrd St. Uwv. .'is, 1 (),).') Penna. Pr. l.t. 7s. lini Krie l.ijihlini; "is. I!l(i7 Pt'iina. atiT & Pr. ."is, HMO SCHIBENER.B0ENKING&C0. Illi tmrilt ItnniU .'il2-."il I Walnut Stn-et 0iHmltr llllli'lit'liilrlll i siiiirp Mi'iiihcri. 1'hlli. s in I. Mtiiinui. Imuliiril I Ml lu Hill M tin ui - -i 1 (ielienil sihal( Ks, 1(1.(11 Pi'iina. ( intral l.t. iV. Pr (is, 19G3 l.flnuh alti Tr.inmt "m. HHiO l.i-luuh . H. It. (iin. t'.s, 200:i ARTHUR C.RICHARDS & CO. DltKXKI, HIILDINC; III II I inn ill.VI lkii.tiiiir liiln (17t Win .ni. ..u Invinlur .er In, I u UulKir nf tirlnilii.il nr Intrrrat tin mir wm. rlty liuuglit nf S. . strm .1 t (. t Wrl. (i;r uur beukh t J-l uinl Intrii tli. rru.ua S. W. STRAUS & CO. I Bleck Kxi'bantt Hide. I'hlluUslpUU Special Transmissions ACME GEAR CO. N. W. Cor. 7th & Weed SIh., Plilla. Y .' ji& mva
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