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JiJVMlNe'Jt'OiiLlO
$1,000,000
Great Northern Railway Company
First and Refunding Mortgage 4. Geld Bends
(Iitue New Cleted by Covenant in General Mortgage)
Dated May 1, 1911 Due July 1, 1961
Interest payable January 1 and July 1. Redeemable as a whole en or after January 1,
1941, at "105 and accrued interest.
" ' BANKERS TRUST COMPANY, NEW YORK, Trustee
Legal Investment for Savings Banks and Trust Funds in New Yerk
ISSUED:
In the hands of the Public
Pledged under General Mortgage.
$35,668,000
36,332,000
$72,000,000
'Under the terms of the Company' General JterUaia Gated
tan. 1. 1921. the amount of da: prier te said General Jlort Jlert
tare may net be lnc.rea.ed but may be extended, under the
various prier Hens, te a date net later Hian January 1. 2000 )
These Bends arc secured by a first lien en 2,657 miles of read, at the rate
of $27,098 per mile, and by a general lien (subject te existing liens at the rate
of $22,409 per mile) en 4,780 miles, making the total mileage covered 7,437
miles.
Ne mere underlying bends may be issued.
We recommend these bends for investment
Price at the Market, Yielding about 4
Marshall Field, Glore, Ward& Ce.
New Yerk
Chicago
Janney&Ce,
Philadelphia
Tha above statements and atatlatlts are derived from eAKm, sources, or these which
we rard ab reliable. We de net rcu.arame but bc.lce them te b correct
" J il ai . f liatl i I i. ll.fi - i. iT ill, -! ' '
New Yerk Bends
St Paul & K C
1 TflTt
1 77
Seab'd A I. 6
0 41
a i
10..i.. 41
te 41
Sinclair C Oil
Cerp 7 Ha
(SALES IN 110001
.1.
1.
1.
3.
1.
S3.
7
3
1
9
B
3
Se'ti Hell
1
1
B'n Tacine fd
0 85
B.,
8.,
a..
3..
2 .
D9M
08
98
1H
98
9SH
P8i
09
OSS
03
08S
98S
l8
T 3a
en;
03 h
84 Ti
83
83H
8SH
83H
8SH
S3t
83 J
83 4
MM
85
83 S
b3H
6tand'd Oil of
Calif 7 '
1.... 103
Steel Tuba Ce
of A 7a
3 0?
1 07
Third Ave al
1 40K
1 40
1 40
20 46
Third Ave 4
3 B8V4
n 38
1 38
Tldawater Oil
Ce ct 0Vt
4.... 101
4.... 101
Union Tae cv
3 PIVi
10 01
Union Pac 4
2 88
2 88
1 88
2 88
88
88
SStt
8.
23.
X.
32.
47.
100
1.
sn Pacific U
3 70
6'n Pae cv 4s
2 fl8
4 88
1 88
3 88
3 87
Sn Railway U
13 03
Sn Hallway Sn
n..
12..
12..
2..
IS..
ia..
12..
1.,
1.
I.,
Union Tae 0
1.... J03
Unt'd nru 8'
1..
1..
1 .
4..
4 .
1
103
103
103
104
104
103
Utah V A I, St
1..... 8H
1 68
1..... 8RU
Ya- C com la-
1 04
27 93
Va.C Ch 7Ha
18 94ti
S 04
2 04
2 114
1 04U
Va niy Ce n
1 88
1 88
1 88
Wabash It lat
2.... 04 U
Wcit'n Elee Ba
2.... 09H
1 09 U
West'n Md 4a
1 OOlt
We'n Pae late
10 80
West Shere 4a
1 80
1 80
W Union 4H
1 80
W Union e
e.... 107U
.... 107
1.... 107U
Weitlnihs'e K
4 JIfg 7a
!... 103
88
88
88
88
88
8S
8S
83
U'n Tank C 7
3.... 103
2 . . 103
U S Rubb'r Be
1 87
17 .80
B 80
3 SOU
U 8 Itub 7s
10 100
U'rt a Steel Be
100
100
100
100
100
, 90
ioe
100
100
100
3.
3.,
3..
1.
1.
4.,
1.,
0.,
9..
1..
6..
1.,
n.
22.,
8.,
1.,
Wlcka'e
103
103
100
108
103
103
103
103
IOO
103
100
100
100
Bpncr
Steel 7a
B 07V4
Wilsen Ce cv
2 80
1 83
3 80
Wilsen Ce lets
94
B
B.
93
03
STEEL BOOKINGS INCREASE'
Unfilled Orders en December 31
totaled 4,268,414 Tens
.. New Yerlt, Jan. 10. The monthly
tennage report at the United Btntcs
Steel Corporation, made public today,
showed 4,208,414 tens of unfilled or
ders en hand December 31. This is an
increase from November's unfilled or er or
ders which totaled, 4.250,542 tens.
Comparisons of unfilled tonnage, en
the 10th of each month since 101a fol fel fol
lew: Menth of Tens Menth of Tens
rec.. 1931, 4.268. 4 14 June. 1917.1I.8?.:8?
1WX1, ..ieu.n-taaiaj-. jii i n.een.ui.ii
1931 4.SHtl.4-J Apr.,
1921 4,600,070 Men..
1921. 4.331,921) Fb
i, 4,eai,.'t
Nev..
uet..
Sept.,
Aur..
July.
June,
3ty.
Apr.,
Mch-
Fb..
Jan,.
Dec.
Nev..
Oct..
Bert..
Auc.
July.
June.
Stay.
Apr..
Mch..
Feb..
Jan..
Dec,
Nev..
Oct..
Hrt .
AMR..
lulv.
June.
iay.
ADr .
Mch.,
rCD.,
Jan..
Dec.
Nev..
Oct..
Sept..
Auk..
Julv.
JIay.
Apr..
Mch..
Feb..
Jan..
Dec ,
Ner..
Oct .
Sept..
Aug..
July.
hit
1931 4,28rt.81 Apr., 1917.12,183.088
w.ll.fil.etv
J
1931. 4.830.83
1921 3.117,889 Dec
1921 0.482,487
1931
Nev.,
l, O.OIO.VI Wl.i
1921 fl. 284. 703 ISept.,
1921 n.i3,n7 a
1921. 7.373.184
1P20, 8.148,123
192D. Ij03t.481
1920. 9.830.833
1P20.10.874, 80t
1920,10,80,01S
1920.11.118,438
1920.10,078.817
1920. 10,940. 400
917.11.7
017.11.3
917,11,4
e, 11
0.11
70.69
474.03
347,258
July.
June.
May.
Apr..
Mch..
Feb..
Jan.,
Dec,
Nev..
1920.10,839.747 Hept..
1920, g.Rnz.eTn vnuc.
1920, n.032,081 July.
1020, 9,283.441 June,
1919, 8.203.aflJ May.
1919. 7.12H.S10 Apr..
l9li. 0.472.088 Mch ,
1919. fl.2S4.B3t Feb..
1919. l,109,ini -n..
1919, B.R7H.001 Dec ,
191?, 4,892,83"i Nev.,
lillfi, 4.282.810 Oct..
1919. 4,300,033 Sept.,
1919, 9,430,373 AUfT..
1919, 0.010,787 July.
19)9, fl.084. 20-t June.
1918, 7,879.132 May.
1918, 8,124, 60:t Apr..
118. 8,831,293 Mch..
lilt?. 8.297.903 Feb..
1918. 8,739.043 Jan..
19)8. 9,393.393 Dec.
1918. 0.037.028 Nev..
1918. 8.741.882 Oct..
1818. 0,030.400 Sept..
J91S. rt,4M aus;,
1918, 9,477.833
1917. 9, 31 710
1917. 8.397,100
lniT. p.oep.nin
1
1
10
191
1910.11,038.343
JUl(i.lQ,OU'.iu
1910. 9.822.384
1910, 9.080.837
1910. 0.398.392
1910, 9.040.438
1910, 9,937,793
1010, 0.829.331
1910. 9,881.001
1910. fl.iifl8.P81
1910, 7,922.707
1918. 7.800,220
1913. 7.189,487
1913, B,317,A12
1918. 4.008.483
1918. 4.(28,840
1918, 4.078,190
1813. 4.204,898
1918. 4,102,244
1918, 4,288,749
1918. 4,848.871
1913, 4.248,871
11114. il.83H,":
1914.
1014.
1914,
3
3.324.30?
3,401,007
3,787,007
014. 4.213.831
1 B 14. 4.1B8.08H
1914. 4,032.837
1914. 3,998.260
1914. 4,277,008
1914. 4,fln3.82'V
1914. 3,0211,440
1914,
llll.l
1913,
1913,
3.O18.O30
4,e82.188
4.800,347
1917. 9.833.477
1917.1O.407.O49
1917.10.814.101
Julv.
June.
May.
Apr..
Mch..
Feb..
Jan..
4.318.707
1913. 3.001,783
1913, 0.223,468
1013, 6.399,338
1918, 3,807.817
li'lH, e.iizi
1913, fl.97.
1913. 7,408.988
1913. 7.030,714
1013. 7.827,309
Philadelphia Markets
Lend
Don't Spend libuf
Interest Meney
FUNDS derived from bend interest pay
ments can be cenveniendy applied toward
a new bend purchase under the Halsey, Stuart
& Ce. Investment Plan.
Compound interest is thus made a factor in
building your accumulation the big factor as
years' go by.
10 of the par value of bends purchased is
required for first payment the balance in ten
monthly payments. Interest is allowed en all
payments your money is never idle.
Wc shall be glad te send you
our booklet, "A Sure Read
te Financial Independence,"
which explains the applica
tion e! the Halsey, Stuart &
Ce. Investment Plan te the
reinvestment of interest
money as a part of a system
atic investment program
suited te the large or small
income.
JVritc for booklet P A-10
Halsey Stuart
ST sOJncorpeTate4
Land Title Bldg., Philadelphia
Phene Locust 4820
CHICAGO NEW YORK BOSTON
PHILADELPHIA DETROIT ST. LOUIS
MILWAUKEE MINNEAPOLIS
Government of
CUBA
Treasury 6s, 1929
Treasury 5s, 1931
Government of
QUEENSLAND
4-a5, 1925-1926
Liberty
Liberty
Liberty
Liberty
Libert v
Liberty
r.i,s ...
Jt -Is .
2il Is .
1st 4i,in
LM l",s
.'Id 4 Us
High
!)0.40
117.40
07.3'J
07. R0
07.44
07.0S
117.80
t.er
no.ie
07.40
07.11!
07.(12
07.1(1
07.80
07.4U
2:30
r m
00.40
07.40
07.H2
07.80
07.44
07.88
07.04
GRAND TRUNK
PACIFIC
3s & 4s of 1962
Branch line 4s, 1939
4s, 1955
CANADA ATLANTIC
4s, 1955
Cassel, Nunes & Ge.
.Vembcrj .V V HtecU Uxchaiige
60 Broadway New Yerk
Telephone Hewling Green 5963
Liberty 4tli IVis
Victory N .IVs ..100.10 100.08 100.08
Victory N 4es ..100.10 100.08 100.03
LIVESTOCK QUOTATIONS
TlilniKO, Jan 10. CATTLE tl'cflpts.
12.000 lifAi) IVw early ral better Br1e
bt Bttrn unci "rllnifB tt'ndy; elhcrn iew
hlddlnc loner, clieten yenrllnep. $0.30. hulk.
M .n 97 73. fat he uteck alew. metlv
teadv hul weak. ralc. teckers anil
fe-der tea lv tH etrenr.
HOOS lleelpts. rtl 000 head. Talrlv ae
tlve. I.lKhtn. 13c te 2.V lirwcr; ethera mostly
10c te l.V lower than Monday's aerare, blc
PHCkers deine little Tep. .2R for en toad,
out of line priwMcal top, $8 en 170 te ISO
pound averae. and 18 13 en light lls-liti,
lulk. I7.25fi7.73: plgn. 23c lewer: bulk, de
sirable, ts in Sir 8 2
rtlCKKl'- Ilecelpte. 20.000 head. 0nernly
trent te 23r hlgtrr, medium grader up most,
fat Iambi, top. early. 312.43; bulk, early,
JI2&12 40 top. yearling. 11 23- fat ewca.
top, early, $H.60. no feeder sales curly.
liint St. I.nule. Jan. 10. CATTLE lle-c-lpte.
4300 lead. Generally steady. Veal
calves utreng te 23c higher: quality plain,
bulk of Ive' steers. $3.Hrrt.73: Neal culv
largely $900.23. top, JD.50; some held
higher
lllXih ItecelptK. IS. 0(10 head. Actle. 13
S2.V lewer Tep h 13; bulk light weights
and llnht llghtK. 37.73WK. bulk 1IMJ te 230
pound avrage. I7.23f7.ll3; pigs lOWlSe
loner J7WH' rU4llty poed.
SHEEP ltcepts. (600 head. Tnlrly ae.
tlv,. generally etead . Lambi top, tll.RS:
bulk of beat lambs gelnz at J 1 1 ffZ 1 1 73; Jfi
bid en choice natives: culls sold ISKitH; nwe
brought I3tl respectively, for heavies and
light.
Pittsburgh. I'n., Jan. 10 HOOS ne.
celpts. 1SOO hesd. Lewer. Heavies, J7 7S
3 8. heavy erker.i. light jerkers and pics
8(iean. "
SHEKP AND LAIIllS nce'rts 330
I'end. Steady. Tep sheen. J0.75; top Inmbs
113 30
CALVES Recilpts. 100 head, bteady
Tep, 12.50.
East Iliiffaln, Jan. 10. CATTLE Tie.
celpts light Steady. CalvesItereipts. 0"S
head Slew. 30c lower I3tl 12 50
HOOS- Ilecclnts. 2SS(1 head Me . steady
te 23c lower Heavy JSffS. 23. mixed. IS Se
i'i yerker-. Illtfn 2.1. light jerkars and
plks $3 2390.60. roughs, $0t, 25, atags
$3 30 'tl 4 50 '
VHUEP AND IMllS Ite.elpt,, "00
head bteadj. unchanged.
id Skiv
(LcipzierMessc)
A market for Buyers und
Sellers of nil branches of
Trade and Industry.
Best opportunity te estab-
ish advantageous business
connections all ever the
world.
Exhibition of Industrial
Products from all parts
of Central Europe in ene
brilliant Sample Display.
.- -iw?jigjiiipplw y, TPjTCTr-" ,T'Ti'v , "TTflFfw'' ' jrv "l
i 'C't , . .v ' ' , i i ' ' ' . " '
WrK
Jti&J
'S -
Wc own and offer subject te sate:
NEW YORK, PIHLADELPHIA ANP
NORFOLK RAILROAD
Stock Trust 4'e
PENN PUBLIC SERVICE CORP.
1st Mtgtr. 6'a r.... '
Tax Exempt in Pennsylvania (Four Mill' Tax). ' -
Coupon . Dut
iJ&-D.V -IMS.
YUld
J. &' D;
1929
5M5
6.75
Established 1B0O
ISAAC STARR, Jr., & CO.
SpccIalltU in U. S. Government Bends
r
16th & Sanson. St., Philndclphia
-
Members Philadelphia BtwV Eichinre
Buy
Before Prices
Ge Higher
Jehn Meedy says :
"The general outlook ter the coming year
is full of premise for the investing public.
Consumer of geed securities can well afford
te make investments in well-protected obliga ebliga
' tiens. with great confidence that values will
be maintained, and that the dangers ahead
will become appreciably less as time gees en.
We arc slowly working toward a period of
new and better times for the world."
We Own and Offer
Short Term Bends (maturing 3 month? te
iyi years), at prices returning from 7 te
7y2 Per Cent ;
Leng Term. High Grade, First Mortgage
Railroad Bends, at prices returning 64 Per
Cent;
Leng Term, Seasoned, Public Utility Bends,
at prices returning from 6 te 8)4 Per Cent;
Foreign Municipal Bends, at prices returning
7xi Per Cent.
Descriptive circulars en application.
Edward K, Kane & Ce.
Merris Building
Established 18 year
I '
n '
I Short Term j
I Investments yS'
eipz
h maturing m Bi
g 2 te 12 Months j II
I
Yielding from ' , 11,
n "V2 70 le OO II
h
Send for List Ne. 7302 of f
I our recommendations '
ll
II
I Bonbright & Company i ' II
437 Chestnut Street I II
J Philadelpliin II
i New Yerk Chicago I If
Bosten Detroit II
ni zzSSfWMI i If cipzid Jdit
HI gBBBpBssjsssSBSBBSSBBSSSSSSSsnsSSJSSSSSHSSkSBSSBKSSBBSMSI
III Chic, let. & Leuinille 5t2!&)
J lit & ten'l 6' 1966 VW
I IN Meridian Terrains! -jry a ,
i,,4,i95s Duraiars
' Weitern Pacific IIB I
' lit 5's 1016
I WlOIHIR BLM. PHILADKLPHIA J
M
1VIIEAT rtccf lrt. 'HliOOO bushfls. Mer-l-'t
In lower. Car lets In expert flM-nter
Ne. 2 rcil winter. II 1B01.18; Ne. 3 red
winter Ksrlfclty. II.07&1.12. Other KTades
cuetail nt fh fnllnu'lnff srhedule of discounts!
Mixed whaJ Oc under red winter: Ne. 3
wheat 3e under Ne. Ne. 4 wheat 7c under
Ne. 2; Ne. a wheat lle under Ne 2. bam
nln Hri'nrrlinir ti .tnlltv.
COKN- Itecelpls. K.O.eni) bushels. Marknt
euk't und unchance'l. Cnr lets, In expert
eleatop-i-"e (lOifsnip: Ne 3. B80e:
Ne. 4. OSWnile. r let for local triule
:ve. . eiiew, (12'i W03"ic: Ne. a yellow,
OATS -Itecelpts. 12,700 bushels. Quiet
nut steady, rnr Mts as te lecatien no.
white. 4lin4im,n: Nn a white. 441i I4Sc.
FI.OLH Heeelpts, S00 bbls. and 1.220.090
lbs. In sacks. Quiet but Heady. Fer ion lbs.,
packed In 14(!-lb. Jute sacks, soft winter,
stralrht. Western, t.7R0B.85; de, de. nar
by. Sft.2ri1I3.rin; hard winter, straight. Sn.2.",
ri!fl.B0- ,, enert patent. S0.7(l7; eprlnir,
(lrst clear. S4..10& .1.23: ile. patent. tn.A0O7
de, short patent 17.2.1(37.70: fancy eprlns
nnd clly mills patent, family Lrandn. S8.2J
n ltxe flour, in.BOWO.
i PROVISIONS Steadily held. Quotatiens:
I'eef, In sets, smoked and alr-ilrled. 4Dc- beef,
knuckles and lenders, smoked and nlr-drltd,
nor; perk familv. S3.1I; hams, H. I, cured,
loose, 20s21.,c de. skinned, loere, 18(21c;
de, de. smek-d, 2nQ23c; hams, boiled, bono bone
less. aOc, plrnlc shoulders. S. P. curwl. loose,
Wc: de. sinekel, 17.-; b'tllss. In pickle, loose.
17P' brenkfast bacon. 2lc: lard, llHc.
DUTTHlt - I'un'ier declined lc. The
quotations ynilrt-packed creamery, extras.
33c; Jobbing sales of hlKh-seerlnc ceeds, UrtW
8c. cxtrH t rsu, .Til? ,14c. Ilrsts, 2SO30c; sec sec
eihIh. 23f&27c. MHtet creamery, choice and
fancy, ;i7t3Si, f..lr te ceed, '.'8i?36c: fancy
brands nf prints were Jobbing at 47040c,
:jlr te heiee. 39itf4(lc
KOOS dull ai.-l market further dreppnl
S'iii. Tl.c nuolatlens Nearby extra firsts.
inline, niarliy firsts. .I.Tc, Western, extra
firsts, .laV', firsts, .IJifce. seconds. 0082c.
i Southern. .'10 Ji.f.'c; Jehblmr s.ilea of candled
tresn ess, nm'.iUc rair te cneic, 43iff4''c.
t'llllKSIl was quiet but stesdy. The
Yerk, whole milk, flats, fancy, held. 22'4r
-nc; rresii, L, de. fair te ceed, 'JO'ifJlc:
IonghernM. V'."3'23c; slnule Daisies, fancy,
held. L'Uaitfc; fresh. 2H, 02JC, Jebblnic
sales of finc iroeds. 23fff2ilc
1.1 VU POfI.TU Tewis, net Leeherns.
fancy, fat. yellow -skinned, welichlna; B lbs.
each or eer, 32031c: medium quality, 2Rc
.1i)c. Inferior. 22Jf2rtc; fowls whits IrfE
turns. 229l27e. sprinc chickens, fancy,
yellew-sklnnvd, llfneulh Hecks, welshlnic B
lbs cath or ever. 2H(S,80c; sprint chickens,
net I.i'Khnrns, medium nualrtj. 2riif2i1c,
tprlns; chickens, net I.etherns. Inferior. 22ft?
21c: IKherns, 20if24c: stuKiry euntf roost
eis 1II&20C, old roosters, 18?lSc: turkeys.
33040c. ducks, white. Pekln. 3 Oft Site,
de, mixed colors. 24 25c: de. Muscevy, 18
W20c; Kcese, 28625c, guinea . jeunc, per
pair, welghlnc lft2 lbs. nplece. SI leP
l.'.'S: welghlns ll-4 lbs. apiece. 7.VSJ1.
KUlneas. old. per pair, 43r0c: pigeons, pet
pair, old, BOc. jeunif. 45&nec.
DHKSSUD POU1.TKT Fowls, fresh-killed,
dry-picked, in boxes, weluhlng 3 lbs. apiece,
32c. wuttrhlni 4 lbs aelece. 301r31c. welsh-
Inir 3 lbs.. 25(r2Tc; weluhln .1 lbs., 210 I
27c:. Fowls. freh.kllJed. In bbls. dry-!
picked, weighing, t '4 OS lbs upline. 31c,
welublns t lbs.. 20i30c; wcluhlnt: 3V4 lb.
21 U' I'll. welghlne B lbs. and under, -'Oft
23c Roasting chickens. Western, dry-picked.
In boxes vclKhlnc 4.' 4 'S'5 lbs. and ecr
hiiIic. 34c; weighing 4 lbs aplece. 32c,
welglilm; 3'i lbs. nrlecc. 20W2HC; welghlns
,1 lbs. apleie, 2l02rc. H'la.iUns (hlckens.
Western In bbln . welching 4510 lbs. and
eier aplece, fancy, seft-meatrd, 3032c,
coarse and stagey. 20$jf2Hc; roasting chick
ens. Western, weighing ,'lii lbs. apiece, 24
2Hc llrelllnE chickens. Western, welshing
m2 lbs, apiece, .T-'WIHc. iniekens. west
em weighing 2ti.l lbs. apiece. 20023c '
Hcibllnc chickens, neaiby weighing 4 3
lbn and eer apiece. 3103.V. Keattlnc
chli kens, nearby, welghlnit 31-! lhj. apiece,
27'6"2!e. Urnlllnc chlckenB. nearby, weigh-I
Inc lh2 lbs apiece .ligiSOc: chickens.,
nearby, weighing 2'iff.n Its apiece, 232Bc,
old roosters, dry-picked. Western. 21c. de.
de, Southern. l!i5'20ci spring turkeys, near
by, fancy, 4932c; Western, fancy, 4SifB0e.
erdlnarv. 38543c; old tern turkeys, 31)i(t140c, I
ducks, fancy. 30033c, de, fair te geed, 23'e ,
27c, reeic, fancy. 23H-5c, de, fair te ceed,
20fr2'.'c.
POTATOKH White potatoes, per cwt.,
$21T2.0."i, sweet potatoes. Jerhey, per H
bushel baskut. Ne. 1. 1 101C1.25; Ne. 2. 33
ffCOc.
HOSPOMlWSVA
iTaWTAlS5pO,OOOJ0OY
ff SURPLUS (EARNED) I
II ' 12jO00.b00.00 Jl
DON'T
carry all your cash re
serve about with you and
den'tN leave your money
hidden at home. That
makes held-up and bur
glary mere prevalent.
Open a
count with
Savings Ac-
"NORTHERN
TRUST COMPANY
and share the safety and
all-round geed service.
Fer your convenience
we keep open Mondays
until 7 o'clock, and you
may withdraw up te
$100 WITHOUT NOTICE
FOR BANK PRESIDENTS ONLY
A MESSAGE from the M LONDON"
THE line of credit you extend te your
customers is largely dependenfupen
the earnings they show iant it?
But what assurance have you that your .customer's
debtors will pay, and make these earning geed?
It's one thing te examine the statement of a cus
tomer's business, but quite another te be sute of
all the accounts owing te that customer.
Wouldn't you give your borrower a better Une
of credit if each one of them had all of their
debtor accounts, insured against failure? Yeu
knew you would.
"lNDON" Credit Insurance will de.this for
you and your customers. It makes your leans
surer, because your borrower, protected by
"LONDON" Credit Insurance, is absolutely
safeguarded against excess losses.
It' worth looking into, right new. Ask us hew
we can co-operate. There's no obligation.
OURSITPET
SERVICE
AT YOUR.
SERVICE
Lesses Paid In
AmeTicanCurrrncy
Established
Eiteen5bctnine
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD.
R. A. IRVING, General Aitnt Credit Insurtnce Department
Stokes, Packard, Hatifhten & Smith, Manners All oilier casualty lines.
BU Phone-Lembud 4190 AM W!nut St. KerMene-Vbln 4190
iOTtt!H!!Mllli!
THERE'S
A
REASON
Write te our official for fer
wardinR agent anil rep
resentative, the Atlantic
Forwarding Ce., 15 Pearl
St., New Yerk, for the
illustrated Official Direc
tery and any further
MIDVALE
REPUBLIC
LACKAWANNA
BALDWIN LOCO
SINCLAIR
COCA COLA
STUDEBAKER
MIDDLE STATES
AdlS CHALMERS GENERAL ASPHALT
BUTTER, EGGS AND CHEESE
Nrw Yerk. Jan. 10. BUTTER. Unnetllnl.
Intiettera should give serious
consideration te the market pe
tentialities of these securities.
Let us explain why
Sptcial Rtperl "L" sent upon reqatit
CULVER & COMPANY
STOCKS . BONDS
.Weni bera
'fliferfclrhln fifeifc Excliann
Confelidatcd titecU Krch'ee n Sew Yerk
1504 WALNUT STREET
Dept. L PHILADELPHIA
Spruce 85Z0 Race 7869
Pittsburgh, Pa. Steubenvllle, O.
WlDINIR BLM. PrllLADKLFrllA
MunimPUhMAitiUKt
Alun vA f.i ri.uu
A H . MiwreaK tunarrH. te.
Hcrilptt, 110'JH tubs. lrfstnry, nlBhpr than
extras. 35 ft H5Mi c , crcnniery, eitran. H2
were, 343tHri tlmts. M te 01 were 31
33liC' pafklnu aleck. current malie, Ne, i,
lOBSOij.
fiUGH Unrcttlfil Rcrlpts 14.n:,H canon.
, l"reh Kalhrfil, extra flmts, 34W3."lc; IlrUe,
111 n.ittni k-a.u t.., h.nn.rv uliltAn .Urn
formation VOU mnv ilpsire. fmicv canill'l 8el"ctlens. -4 : n-.irby ami
J neartiv Western hennery whltei, flrets te i
7jnfrii, fancy, 35?f42i' T'er'iy and nearby I
Wfstirn ntnnery uruwi-.. i'rni nu-i'J
ncarliy calherefl brewt.a an'l mKcd
i!oler, nrhtx te extras. a'J'iaTc nfrlueratur I
CIl'niJHI'. Htea'ly Itecelpt-, 1015 boxes.
Quotatiena unchanKed,
Moderate Activity In Raw Sugar
New Yerk. Jan. 10. Stoa-rate nctMty
develapeii In the rnw susar market ye-terday,
local refiners tuklns .'.H.OQ0 te UO.OOu baics
Cubaa for January ahlpmnt a. 1 15-lflc.
cost and freight; 6000 baea Cubaa afloat
at 1 1.1-lrte. cunt and freight, while oper
ators took 21!,0e0 baftH .lanuary-Februury
ehlpment .it . ceit and frelitht. Importa Imperta Importa
tlena yi all rile Included -lH.OOrt taics Cubas
te the American HuKar Heflnlnif Company;
31,1)00 l,a te the Warner tvuaar lleflnln
l-nmDanv. and 31 000 bale te thu I'edpral
I Huieur neflnlnir Company The local rellned
market is -emewnai nrm"r in tone, nut lint
ItIch nre unchanfed t 4 "0c le 4 One. !(
' rer i ent for cash Th Federal Hur.ir n-
flnlnB Cemnanv nueie nuuna fur expert feri
second nan ei ja-iuaiy niiipmeni al a.iuc,
hut la muklnsr prompt ehlpment tn it- de-
inemlc trade at 4.80c. Itaa a per cent for
1 auh.
M Jl VJ B L I 3
will find very little money
in our clients' safes.
Because our customers
have the convenience of
depositing their funds or
checks up until 10 o'clock
at night.
U. S. Certificates and Treasury Notes
Int
Hate.
tnV4
T'B
Malurlns
Dale
Feb., 1922
Mar., III.'
uU Mar . 102
tRS rar.. 102
41 April, 12
t4
June,
June,
A U4
We offer a Selected list of
ifunicipcl, Railroad' and
Corporation Bends
We are prepared te purchase
sound issues of Corporation
Bends which have an
established record of
earnings
STROUD & CO.
MZO Walnut St., Philadelphia
43 Exclitiiige Place, New Yori
PEPimr-Tf?
TRUST COMPANY lf:sil ?S.
I2& Chestnut Street
HOURS 9AM-10PM
r.. June.
1U22 ,
1922..
1H22 ,
lfi22 .
1H22
1022
11121.
Hid
. 100 3-32
. .li0'
. .100 .1.32
. .ioe e-ij
. 100
..IOO 1-32
. .ioe n-iii
. 100 21-32
. ion 3-S2
100 11I--I2
. Hill 1 111
le'j 7 in
Asked Yield
1003-10 3.03
100 7-32 3. 75
100 9-32 S.llU
100. a 112
100 3-32 3U7
1001, 3 00
li0 21 32 3 Oil
100 23 32 I. If)
I'll) 7-32 4 l,"i
100 V3-.12 1.1"
100 3-lit 4 2,1
lua ii-in 4 in
ft'i Hept., 1U2I-- mi in-in iej 1-Ki ;i.rB
"l.xempi ir'jin rrijrni normal income tax.
tAcceptaltfe for payment et liu-cine tax dua
e.i date of maturity.
Conservative investments
MacMcckin & Williamson
1IIIOAI) AND HANSOM NTH.
JUtuibera I'hlla, hteck Hxcbunt
WHAT BALDWIN LOCOMOTIVES
ARE DOING FOR PHILADELPHIA
Among Philadelphia's products which go into every part of
the world, possibly nene is better known or excites mere
udmiratien than Hnldwin Locomotives. The expression,
spoken in many langutrgcB, "It's a Buldwin," means much
for Philadelphia workmanship.
Investment
Suggestions
for
1922
Write for Circular
Ne. m.;
A. B. Leach & Ce., Inc.
Investment Securities
115 Seuth Fourth St
1921-1922
A REVIEW AND FORECAST
WRITTEN-BY MR. JOHN MOODY
Mr. Meedy, a widely known writer en financial
and economic subjects, has written an article
under the above title, which will, we believe,
be of interest 'and value te business men and
investors.
We Shall Be Clad te Send a
Copy of This Article en Request
BiRsrr Bres. & Ge,
l!2i OHESTNUT STREET
PHILADELPHIA
Members Philadelphia Stock Exckaksi
i
THE BALDWIN LOCOMOTIVE WORKS
Philadelphia
iU.eiarK$Ce.
llA.NUimS
Dealers in
Investment Securities
JJemO.r New Yerk anil i'Mlailefakia
Stock Exchange
321 Cheitnut St., Philadelphia
.VA.ffc.?,,.V.tK.iteTA-S ?
Deminium, iiurkee Lake A. vi, - r...
rieuark.i aiirn lie 8' lll'Jl.ii. .
iu ,'.... -Z. -7- ?r?"
( elumbun
Jannejr H
llurreurlia Company
Klliulieth & Trenten II. It
UlterMile Traction Ceni'iur
re.'niny
Ce.
' I05e
U'n 10(1'
I'm 1030
n' 1017
4
c
which you lay today
will bear the weight of
1922.
In the past, foundations
which have steed the great
est strain and given the
maximum support te the
business construction above,
are these, which have been
reinforced with the proven
judgment nnd co-operation
uf a trust company.
North Philadelphia Trust Ce.
Bread St and Germantown Ave.
Above Erie Ave., Philadelphia
Wc Take Pleasure in Announcing That
CHARLES E. GEBHARD
and
GEORGE U. SCHOCK
Have Become Associated with Our Bend Dept. with
Headquarters in thewSamler Bldg., Lebanon, Pa.
Lebanon Telephone
Lebanon 944
Hemphill, Noyes & Ce.
Mevibera New Yerk Stock Exchange
37Wall Street, New Yerk
M-rumen iiuiivtnJa Company
i-enii neaiMinru nieei t nmpany th jSJ
ii.Kiiu.fi ,r,Mr ruim & Knri i..n ,. -....:
I .Maiilftee i North KaMern h. ii. fterlal v.
.ijiiiiiTe n nerijTJri irnrllnn Ce .V. ie,
SAMUEL K. PHILLIPS & CO.
007, CHESTlNlJT BTUEET '
ll j
C. S. PATTON & CO.,
masr
Huceeaaera Je u
ya ht'kvkNSON
nenda und ataeka benalit ana
Mrtaer Fh'la. Wlftffl P"""
8U A CUES!
BAI
Huff,
HAILKK A 6
B
J
k-t ..
.Cyir
ff v
I
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irrr.
4 V.
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