wacsi irri ' rw -,r -.?. J -V7 .. .. r-.rw ' w r'FiV.X V M .tr I 'C vyv v 3U . lOVlMNG I'UBLIO LED&BRHILADi3Li?HIV, TUESDAY JAtfUAilY ftl, -192 & V"S r V fS ff'-Si s jfSf.l m- V VK .V '? L Straus Safety FOR 40 years, the stand ard securities safeguard cd. under the Straus Plan have maintained an unbroken record of safety, without a single instance of less. Write today for our current offerings of Straus first mortgage bends, in $1,000, $500 and $100 amounts safe and worry -proof investments. Ask for BOOKLET 759-L SW. STRAUS &. CO. MARKETAMERE IFIING AFFAIR NEW YORK STOCK EXCHANGE TRANSACTIONS Price Changes Were Again Un even Within Very Narrow Bounds IMOItreKATKU i-r.eLiMM 1SJ1 Stock Exchange BIcIr., 1'hila. Ttltpher.c SrnL'Ci s6lS 40 year without less te any investor dp;rl(bi 19U, br t. v. Slum Ic Ce CUBAN Treasury 6s, 1929 Treasury Ss, 1931 BRAZILIAN GOV'T Sterling Issues 4s, 1889-1910 4'2s, 1883-1888 5s, 1895-1903-1908-1913 Railway Resc. 4s. 1900 CHILE . 5s, 1911 GRAND TRUNK PACIFIC 3s & 4s of 1962 4s. 1955 Branch Line 4s, 1939 Canada Atlantic 4s, 1955 Cassel, Nuhes & 0. Jemeervi y V. Stetk Ezehangt 60 Broadway New Yerk Telephone Bowling 'Green 3111 New Ynrli, .Tnn. .",1. Teilnj 's stock nini-KPt l-Olltilltlpil In ilrlfl l, ul, mil (In. S"lll,tn nlmlnuij ...l.l... .... ..1..... .....1 . .... I tet-iln ntnl in most of tlie immodiiite impeding Kptiinns. I'riee cIiiiiirp were uneven within very narrow bound, re Heetinc n strict iidherence te flic wnit llllt Pellivv which sppmi fn hnve lint'ii HiHIIIilfMi tint iitilr hv Iho mure Im. I pertnnt eirrntni"i but nlie bv most of the Inlluentlal noeN nnd sVeeulntlve 'Ointllnnf Irmu A nriety of renmns could be offered for the change of nttilude nhile the' tiiere direct Influence in tlie lieitntien i "f teilnj' mnrket whs te lie found in the I'nited Ktntfw Steel C'orpenitlon 'lunrtcrly earnings statement te be, Niiied after ihe i-len teiluv : uiiilisi- ; guied uijeasineM ever til" rapid Jirng- ! veKH of the Soldier ltenuc Kill, and the , recognition that u technical iositien existed that wn net regarded as par- I lii ulnrly strong. If Pfofe.s.slenal Wall Street had been II) tile humor n,,lf, ,iinrili.Ill? construe. , Jim1 elements (-euld have been derived in the news regarding the Cuban sugar1 , situation and the industry in this cenn- ' r, together u.tli the advices from I Mexico relathe te the oil tax contre- j versj In thnt country Kiillis.li Inllil-' ences also could hae been teund in the! continued strength of sterling, which , nimed up another peg into new high1 ground, net te speak of the freer offer-1 iiiff- of cull money which suggested a return Hew of interior funds of consid erable volume. I These brighter spot of the Mtuntlnti commanded little mere than academic attention, and nueh indifference is mere i linn likelv te be encountered until the iidjustmeiits friHii the recently high nr tltii nil meemeuts hae been made There was no common Impu'se operat ing; te the contrary, a number of thel meement.s imiivlijiitilly anil collectively were consplcueu.sly eiillletlng. The epenitii; was uncoinmelilv tl.it ,-inltV uilj popular issue te show mere than a fraction variation was American Sl.O-tlt l',,fiVil Sf. ,,,., S!,....! .... . t.t..ll ,. 1 .., L'KllT' I'lrt'J, , V, I, I' II I 'iii.iil"rl dividend netlen is te lie taken ! during the nay. open"d at a nominal iresie'i Stuilebaker and ('onwli ('enwli daled (ins. also in line for dn.denl i 'clnratiens, made sllgl.t ;:iir-, with I tali Copper. Cern I'rnilin ts and In ilustrinl Alcohol. Declines of 1 te almost - points in I!n-h Magneto, l!.-rf Sugar and National Itlwtnt pieferrn! gae th1 list an irregulai tone later. '1 he market rc.-evcred for n brief period en bulnj of Cern I'roduet.s, Sumatra Tebansi, M can 1'etreleum. Mercan tile Marine pi-'ferrel mid WlNen pre ferrwl. these rising 1 te li -veint . lie . :. i liens .et In before neon, heweier, Atlantic liulf. American Car. 1 n l 1 1 ! Service, of Nev .ler-e.x. Gulf States Mcx'1, American Wiwlui. AsssK-inred Previncp of Saskatchewan 5re liendh Due May 1. 193!) Principal ami Interest payable in New Yerk I (Saskatchewan is hest known 'is a jjrrain prewinp; province, having the prcatest produc tion of xvheat and eats of any province in Cannda. Price 94 and Interest Yielding about 5.55 Full Particulars, P-131, en request Weed, Gundy & Ce. lncerMr.UPl 14 Wall Street, New Yerk Terente Montreal Lollileli. I.ne. tMnnlirs till, t'huniller l!lisfrie Stnrne tt.ir tcry and 1'nlen I'.ielil.- decliiilng 1 t. lialdwln. Studebaker. wugars i's nl-i wen- under pressure. lxunfs. anH teb:n r.iddini: no of selected stecXs. netablv , Ciulf .states Steel and Atueriitnn Ice, which gained .'i:li and -4 points respec- I tielj. imparted a better tone te tin" dealings after middii.x. Heiresentative shares crept up .slewl). regaining most ! of their forenoon losses. ' I Cevering by the .shorts lifted llie mar ket out of its rur in the last hour and brought sunn1 receer In I lie oil, 1 metal and utility diiiiH. Commodity Markets GRAIN MARKET Clilease. .Ian. III. The whi.it mar ket w.is cn.itii . Hulls were net sn con cen lident tnilaj. but support was forth ferth forth (eming "Hi the wjft spot-. A lde from 'In- lii'"king of the liree'.c enlcr fei l.iiMUine bushels of wheat, tin-re nn ii tiling in the news which could !" construed as bullish. lierelpts weie heavj iii all markets. Shlnping t.,ile t.,ile uire ."11110 bushels. The coin market is qui.-t and eav Hedging iiessure Mipplied tin1 wants te liiM'ts. Itecelpts continue heavj K K pert ib inn ml was ilat. Th its market was neglected I n- ils sold while Hupirt was limilid Nili- ( " i li outs dlsceiinls were wider I iiiu' sales were .iKi.iimi tiiisiie's Income Tax Returns Ferms for incomes both ever and un der $5000 mailed upon request. Commercial Trust Company Member of Federal Reserve System City Hall Square i.ii 1 !' I nil , l"'i HlKll 1 Hi " I Oft ..in .--is i. ll'. I "3 1 l 1 "I IT 7.1 Is ' tr.i- nib it 'i irv 10. 1.1 l e an e..v. in 12 It' 37 fi IS I" "7 li .'.I e a; Ii w 17 sn is no 1" 11 ' " 3.' IS ri dl TO RELIABLE, ESTABLISHED COMPANIES REQUIRING ADDITIONAL CAPITAL FOR EXPANSION We are just flnishinj? $Ue,U00,000 issue have lare lifbt-class or ganization ready for business. Address communications te "FINANCIAL" lCarc of Mates Advcrtixini; Com pany, Bulletin Blilt'., Philadelphia. COTTON MARKET i New Yerk. .Inn. -'II In liii" v Ml. -fiength of I.Uerpoel nbles. the Ineal ' otten market epeivd tirm ami 11 te JC. pelnth higher th.s mutiing diipu- and Wall Sfeei iniin- l -vi n tin1 1 . -I lime1- T-.idcrs ifgauli'd the iichiiical p'siinii h being siiniiwimi lietter. bill a in" -illing In New Or leans I itciioe and s, i loiicein leiicein i he ked I'l'ihei : i llices mter i hi slair aid cM'iiiualh veaki'ind the 1 1 t ubent 10 i'"inis -reiu in I i:i I ces. Tin eiirl .ifternoen in-nk't fii ine d i I an I -tiinl. Iieldn ' si ,f th. inh ii'Kiiiii-c Hi the ib ii. i- et .in) .I'l.l' or. s i 'I'll.. nisF.'it of I'linni- tt "lii tie NVw llrli-in- iii.ii . r for New . Mm- h n nd'-r up- ,.,ni le lu.lk'- I ll'e llll)"li'- I'.li -.11 ill ...ll 1. 1 iii.uiii ami both M.ir i ! n ! u w relative v tii'.i. a c iin..iiied III lb lad r iii"iltl s. -r '1 h j -ii Klrfii I .1 .,t. HI t'i Hi 11' 1- .'" 1 . ri I.' Mm I 'ii WIS W J J 1". 's ' . .. ,,, -, 1.1 IS l I" SH IS .11 1 si ' si , , i- ji ts i is 1 1 r .'7 rii ts is i . . i: 7 is i i.ii -,' W7'" NEVJ YORK COFFEE MARKET New Yerk. dan. --l -Tin le ,i I coffee futons uiarkei 'kiiIiiiukI hi Ms null ulde tins morning ami pn s uen- iie lieniis Higher te two I" I"1" low 1 1 mi i he e.iM w .th no tr.m-.i' tnii-- t middnt. "Mnreli -old fit .".Hi nnd lav at 10e te N He. l nnle intei-m being Inners (Itlerwisi' the mmket as without fentiin'. Much new -eem i.i depend iip'Ui hew s .en the interior will be forced te enter the kjm.i m.irket i, i-i pli lush supplies. When tin spot demand imprmes. traders h.e, ,,,. a ,iuii U H'tlviil of uetivitj in fill lire-. . i tin.) Pitei inn 8ea loon in.) 1900 189 tee 2401 r,rm ts ,3n 401) can ten .10) iii) 1.TI.1 .i0) tee 400 .100 nnn 900 300 1400 1.000 0100 .130 1100 00,1 000 r,oe 3100 ",00 .tee no 3SIJ0 300 tee 300 5S00 300 30 lue W) S00 311)1 100 tee tee tee 5310 1110 400 100 100 300 1011 3100 I.'IOO 100 40T taoe 300 0CII 1700 300 300 100 .SOU 310 CO,) 1001) 100 aoe 100 300 2100 100 100 (i.10 13)1 3.1 )0 r.oe :ioe 301) tee 301)0 R03 3 VI 100 I3J0 ::iei me IsQD 3 MO tee .ill 0MO 1:1011 J :t3oe 100 (Six) 1400 100-1 scne 100 ; ion 11 1010 :inoe 3U0 3J'I 1010 noe s.(i01 1011 inn 100 tee 1)0 Oil) ten 3 Bill 100 me in) 73)1 let no I 3 10 1111 10) :ii)!l 7110 (ill 100 4110 30') 10) 1.1000 ' 10)0 .100 till I) 3 en .- I 30 I !)) niv. In 4 I t- 1 1 M.i 1 ) 111 4 DO s)l 1 I 'I .l.'n 1 In. I 1 in y.i nit ;ue) Bin 1100 :m,i tllxh Mr Rnluctlen . . . . M Mux Hublier 1V5 i Allied riiem & Dvc... MJi 7 Alli.I Cbrni St Dye pflOH 4 Allk-rhalmern tn'-a .- Am Aftrlc Client .TJH .. in tteet S'ui-nr 34' Am Hosell Mnenntn.. 3211 Am Can 7 Am ran pf ,, IS Am Cir & l-My .. Am riiicie Am f'otten oil ...... Am Jllde a Leather. , Am Ice 0 Am Tee pf !."'.". ,', Am. Intern.it Cerp. . . . 1 Atn-I.a Kranee Kng., 'im Linseed pf 0 Am Loceinotl .... Am Safety Uijier ..'. Am Ship $. cnm . ... Am Stnelt 7 Am Smelt pf . . 3 Am steel Keundm.. Am Sugar lief. . , m Sumatra 7 Am SHunatrn Tni. nf I) Am Tel & Tel 12 Am T"bneee ii 0 Am Tobacco pf new' 13 Am Tobacco D 7 Am Woolen .... 7 Am Woolen pf'i ". Am Zitip l.rn,i ft jmt i3li ""hi tt r ft Pne ;l,i Anaconda Copper . 47 ij 4 -nn Hrv Cr.O'N. . . ' 54 1j 0 Ateh Te A- Santa Ke. f-.l'-i 7 Atlantle Coast Line.. S7 - iuii a: v iss.. ;,ia Atl Ctuf ft W I S S nf tOU 00.1 t.l'2 31 54 'i 0.1s ion 40 30 's 5CV. no , "4 , er,y2 1441; K , lOTi , 14 , A3 'm 41 , nn , am . tesi . 314 . 43H . ssn . 3t'2 . c.1'4 . 39W 3 tt7' . t33',A tee .13811 104 2 U Itednlng Austin N'lc'mlaq .. nult'tnore ft Ohie . . Baltimore ft Ohie pf Italdwln l.ocemo'i'.c Hjldwln t.iK'e pf ... Rnmtt Leather Rarnsdaln Clns U . U-Mhlehem Steel . . . Rethleliem Steel Tt Rethlrhem Steel Sr;, pftOS iioein I'lsneries 7 Brit Inh Km Ste, 1 , nj-i Rr't Km Steni it pf . G3 " Rrlt lvn te I 2,1 pf. ?z HroeK'jn IM son . . 10S Rrk'M, R..;i'd Tivnslt lOli Hrkh'i II T ctfs of dep Ni Rrk'n t'nlen r;Ilg 70' uuflM!,! I'.och ft Pitts. Hums eris A 7 Rush Term pf . Unite 'epper ft Zinc . . Rutte ft Superior Cep Rnttertek Cadde central v ft tl 3 Cn lumet ft Arizona. Cnl Zinc ft lj,,! 0 California Packing . California Petroleum in Canadian Pacific 3 Canada Seu'hi-rn . . ''arien Hilt Mining Central leather . . . Central Leather pf 0 chandler Meters 1 I'hf H.lpe l (lh.e . Ch ft m (new) Chi ft c,r West pf . .. Chi Mil ft St P... . - - Chi Mil ft St P pf .1 Chi & Northwestern. . 7 Chi ft x. rthv.eit rT .. 0 rid P. I ft Pac C'i pf 7 Chi n I ft Pac 7- pf. . Chile Copper . . . 1 Coca-Cela . . .1 Celni ado ft Southern . I 1 iVorade ft Se 1st pr. it Celum (las ft Klec Cnlum Craphophene . . Cel Uraphophene pf . 4 Ceinpnt Tib Records 7 rnnvelldnted (ins ... Co!i!-elldnied TesMU. s. Continental Can .1 (' rn Pieiiucts P.ef . . jn 1 d-ii ft Ce 1 i"rtn ible Stei 7 Crui-ible S 1 pf . Cuban Am Sugar . . Cuban Cane Sucar . . Cuban Cine Suir.ir pf. H I M son Cliemleal . . 30 lieles-rs Cen SI1 11 Ltd 30 H 117'j 034 sn 311 'j 31 I' ll .10 f.O 13 "; 133H 33 UUj 31'i 03 ' , 30 1 , WS 13'b ! :!0'i (13 'j te-jij 73 W S''j I7 43', 3S'4 te j Bfi', 31. S', 7?i 00 i, I3, 34 II13U .M (10 ' ; 10 01-, 31 ', 330 Ki'i I) ! aw. ire ft Hudsen. 10". DPI Luck & Mrn. 113 I home M nes 33' 1 13 Kectric S-eriRe lint.. 110 j lk Hern foal 14 .1 I'.n I., ott-.b.hngen . . 70 . Kr.e s4j Kr e 1st pf 13', 3 F-i'c 1- V iyn-1 1. . 7 7j . K.dci.il Mln & S-nel- 0 4 !'" '! r.il Mitt A. S111H 1 r 31 7 Kish. r Rely pf te I K K .'i r n d of ilu Pf M . PI'k It ibb. r . . . . IU Kre.peit Ti n 1 4 ! (! 11 Am Tunk i'.i- . 3014 (leiier.il Asphalt AOIj r. ;. in i.-il plinP t.f !0 tl 1.. in 1. 1 1 c.mir 07 'a H ib t iel Kl.vtri. I43l ib in r il .Mi. lets s J, 1 1;. ! Me'. it- lif fi'J'i II ' . 11 M .tern deb Hi) . : 'b 11 .b lers b I. ; , Ml'. : i.i.e,ii,cii i! 1. . s-, it,.nb i'oiiseI M .V; l 37'., ' it iv lMla Is 7 Jr. at N'ertbei'i t f 7.'l'4 I Uie.it North 1 He -!f. :il ' j . 1 ,r. 1 ne Cannt). ,1 1 '.i . 30 .' 1 iii.int.iiianie Sugar . N . Hulf .Mobile ft N.r .I',; li'ilf Mobile ft nr pf 17, 1 In '' Stnte St. el . . 733i . Housten Oil 73 I llui 1 M01 ir . 13 7 HI no r Cent .,' 100 . CO ' .1 1 bem 1 3'j In--p ration ti ;, 3M ,t ib ( 1 'i ' 0-0 3S I -b Cen ' -. 11' 'j I- .r! - i' 1 I .' 1er I1 i' . I) ! nit ma', li.t- rii: t '1 ten 11 1 1 1 ( rn I'lvinc i-l n I !" I! ' K..11.1.- ' Kan-. K'i K'l' K-i' - , K.1.1 1 Kt -k l..i. k 1 1 1 ,' 1 in ; . ' cl e .1 . ' f I ip ! ' ' . 1' 'rp Mil ' f ...f.. I ' I . ti. M Ti T 1 e ii ' . 1 'eppi r T & n .11.1 Sli cl Pf r 1 , -alci. 1''-' RAILROAD 1. ,. er K 1 '' ,.jir. ti "' . 111..S kl s. up. r ' n.. M' t.l lh4 3D . r-'K 71 "'.! 11 : -i ci, 7IVS 's iii 3s 4.1 -A ,-p . n EARNINGS '.N tire-nlier l-r i S'( .if- 1 n 1 ii .",u r Surulun ''' 1 1 I- N 1W.M in mki 1 1 1 7I SJJ 1 III 4. S '.3.'i 7iu mil M 1.1 I ft lini Tin 1 1 .-n Mi" 1 in J Mill l.'.t 7 in; ut; 1:1 11 171 'ut n:n i'ij ii 1 IIH'I S1 ttt i-mi" Net Tm i" Ni - 11 IIIKKN I. Ml ' in. Sill . .,in .1111.1: y, ., Mi i AlTl Miiv J1111. IUIN Ui .-l-l ( I S.e l np.'ll K il 'i SI s i, e IJ s J-.il l s 311 ! :t 1 k 41 s 31 17 fc In s 'Jiiiii .'0 s JH s.iniuiul s is s I'i'i S.i s II S .III '11 1 1 s .1.-, 31 k l.-ti I.I s :m ! .'s S J,, 11 ; s i's s'Js N JH 1 ,'7'v ,'s s -IK s 4ll -U ..: s X s 31 31 s.33 x 30 s.30 p,s. Tim IH..T 1 ,j 1 l.'s ; 1.1 11 Mi l J. e 1 'I 1.7s' nil'i s 171 fc.SH 1 .'ii I I'J'I 0..4 17s M.i Is III, I 17. 1 IT'l iT I I-: :is Hi.-, -' -.'I. 7.10 7(11 H7.S t Mil tl ll'T Txl?y's Net Lew CI0110 Clie, 5ft 14H 7W 103 43 33li 34 'j 31 Va 30! t 03 It 'J 7H 10'. II 8H 71 10 04 fifiMi lOIti 3H H'i li S8J4 31 G4?4 IS BO'S lUTi 1 33V4 09 K l3Si 80l3 lOtl-j t3'i 3 1 14 47 34 Si, 03'j MVi 3 PS in 003 13IJ' :n!i 3t 04'4 100 40 :eh .-'& .IT, I OS lit, ft'; r,3 JTj IDS 10 ''4 70 33 'j 117 03 .1'. 31V, 31 10"a 30 "' j r.sv 431 13.1 33 13 si 31'j I!,'. 3 s 33 1 4 13' s 14'.: 174, 3iv, r.3',4 t03 73 ui'j 43 3S'4 .Iii 2 cr.ia r.ii'i VC',4 13' j 33 103', :t:p4 30 1 1 se is OS '-Mi 3s 1 ir.U ins 11: 33 I31U 1V 7s s'i 13 ' 70'j n 30 let si I3'i 11 .iii'-i '" ! s mi Iii', in1. s' (il) no SM, s. " 17, 73-4 31 i 30 Hi 17 U 07' 4 t'i .' Kill 3 4 1.1 J n 3!H, 13 70 131. 0 . 114 r.7W - 103 -43M 33H" :iiW- 33M nflM 9Vi 144VS- 8 14 i)l"2 I" 7t'4- 40 14 11 n i- 8(1 14 1- 1034 T 3- RJi 31 - C3 1 3l'H ftS umi 13114 r ten nnVSl 80 14 14 let'i 13 Tb 31 Vi r 47', rAi ! rfili 87Tj,-t-3si in - 003 1M4- 33Ji 1 34 D3 1 100 -40 30', 3(1' i co :- 10S 7 nii - (13 -33 ' lOs 10 '4 1 st3 711 30 h -U7Ta i- 03 Vi V rAi- 33 ?i ! 31 II 33 A'i no i.-.1- 133 ' - 31 1 i:m 31'i- i;. ' 3S'--33 '4 13', 30 U 03' 2 101 -73 -S3'i -Ifilj 434- 3si; -.-,.'.-rr,v, ; 3 ' -8I4-c74 : nevi : 13?, 33 1II3'4 L nr.i, - I'.C '-4 SO is - O'j 31 1 j ' 6S&, -ICJi 10s 113 ' 1 te I , - H'lr 70 -ss, ti'i - "I, 0 -Sii -KM si J ' '4 I I 30 1 SOU . 00 "'. 1131, s IPII4 Ii!)1, sill 4 s." 37 '4 Is 73'i 31 5 30 .S3 , ''j ss .'II . I3S 13.1 . 1.5 .. 107 im W li 'j t'4 M in ITi ?4 3l '14 91 ?i U 14 14 li i 114 li 3i !i 14 a Hi 1 3H 7i !i i1. 'i 11 4 4 '4 -14 t I 1 !4 31 s n4 73 Vi 73 ia me .1 -. .3f ' 1 t I.V, I1, ."Il 13), 70 Is II 33' i M'j 'j s I'll I 'i1 ii Hi I3H I.i !i Pi Dlv. Sjlej In $ M .300 3.30 ThlRh Vftlley 574 300 7 Lltrtrclt ATv. ..t inli --------- -jste ,1 . "! .. Joewo Ce UJ4 1 Left Candy IIH 12 LerlUnrrt Tobacco ... 4U 7 Lerlllar.t Tobacco pf..!09 .. Mctnlyre P Mines a "4 n Mncltay Ces 79 Malllnsen & Ce 19 . . Manatl Sugar 43 K 7 Manbattnn Klev guar 4!4 73 Manhat Shirt 39V4 .- Market St Itwy 3)4 . . Market Ht Itwy pt.... 1R - .m;ii net mi ilWy j,r (1f 3B1 . . .".inriin un 3 Martin Parry . . Maxwell Class II . . . 8 Mat- Vvnl uin... 30e l v!rilc.an 'tleum": 41)0 .2 M nml r-.,., 3000 1.20 Middle , stnles Cerp!.' .. 1,111 iiiin NIAA, Me Kansas fc Texns. Me Kan & Tex pf. . Me Kan & Tex (wl) . . Mlnseurl Pacllle . Me-Paclflc pf ... 3 Mentana Power '. . Montf-ernery Ward ... National Acine . 7 National Hlucult . . . 7 National Plscult pf . . . National Cen & Cable. Isat Kn-im & St.. e N'ntlennl Lead Nev Cen Copper..'. .. N Y Air llrnUe... 3 New Yerk Central .. 1100 3300 300 tee 1300 tee 400 400 (100 300 1 100 300 700 inoe 1.700 tee 300 SflOO 1100 300 3900 700 700 100 3400 300 100 200 100 900 1300 (100 100 800 2314 31 107 HIM 27 1214 29H tt -03 2.60 New Yerk Deck! .. Aew Yerlc N II & IL. 4 N Y SblpbnlldlnK.... Nlaj-arn. Falls pf . . . 7 Norfolk & Western... 5 North American ctfs.. 3 N American pf ctfs . . North Am Class A Itts. 7 Northern Pacific . . . . . Neva Scotia S & f . Ohie Bedy & Dlewcr . .. Oltla Pred & nef .. , Orphenm Circuit . . . 8 Otla Llevater . . . . .. Otla Steel .... 3 Owens tlettllni- .' . . Pacific Hevel Ceip . 3 Pacific Oil n Pan-Amer Petrel 0 Pan-Anier 11 Panhandle . . . 2 Pennsylvania U '. . Penn Seaboard Meet. S Peeples Ons Chicago. . Pere Marquette . . . . 3 Pere. Marq prier pf . . . 3 Philadelphia Ce 30 Phillips Pet . . .. Plerce-Arrew Moter .'. Pirrce-Arrew Met pr. . . Pleree Oil ... a Pierce OH pf. 0 Pitts & West Va if . . Pressed Steel Car 7 Pressed Steel Cat t'i . . . Preducera rtefltn r . . . 4 .Pub Service of N J... 8 Pullman Punta Alcgrc Sugar . 2 Pure Oil 8 Hallway Steel Spiinir. Kay Cen Coppet 4 Heading 2 Reading 1st pf 2 Keadlni? 2d pf Kemlnitten Tvnnuniee - . iiein Typewriter 1st pf 03 . Hepleglc Steel 31) . Republic Iren & Steel. 30?4 7 Kenub Iren .C- Mioei ,r Ml 08.20 Royal Dutch N Y 48l4 -00 . st Leuis San Fran... 31 1, !!! St '-""is San Fran pf. 3(i'i 00 .. xt LeuIm .? vv n i! iii St Leula Southwest pf 33 y 7S00 100 400 200 3G00 flOO 000 4000 300 100 300 tee 100 000 200 100 3100 2300 700 tee 000 100 330 190 100 100 100 1200 003 noe 300 tee tee 100 100 3100 800 1300 3S00 203 1330 1000 100 300 2300 10) 1303 2100 100 , fi; !0!4 , 1114 VtVi 13 134 130 US 114 304 004 14 '4 SSI4 71 32 !4 104 18 101 SJ4 4 14 4014 7 77'4 20 It 14 214 13J4 128 low 25 i ? 43 'A MU 1014 sii 3114 fiji CO ie;i 01 33 !i 20 1 5 IS 33 ni 07 H 7s 1 '4 03 Vi 0.1 27 i-V 7014 1 te '4 3014 333; 034, 14 V4 !. 4.; 4S i-S 31 ' 31)0 300 100 13U0 soe 300 831,,, 2100 810 300 840 300 3U.1 100 300 100 3110.1 2C0 300 100 3:ieii 800 32011 1300 700 3100 2 1370 10) 300 30.1 000 200 400 800 110 100 22 )0 101 3 JO 1110 .1 4 Id) 10.1(1 300 410) GUI) nan 7 DO 4i)U 400 4201 .101) 1311) 100 SJ0 31) 3SII1 .11) 13.11) 2 ID 2 11.) I'.i I I I ID'I HID si 1 IDD lue 310 12 II 1) Ii 10 .SI'I 101 in.) 201) 311 1 3.1 1 !).) .saven Moter 314 Saase Aims 17?. Scars-lteebuel; 02V4 Siiieea Cflp Cerp 17'- Sliell Transport . ... nr.Ji . Sinclair Oil . ... 19 i ii Seatliern Pacific S0J, . . Southern K.ill . . . . 18 4 Standard Oil of Cat.. 031 fi Standard oil of N .1 .173 7 Standard Oil of N .1 pttl.7 3 1 i-l.ar. n j tsienl.i 8 7 4 23 I.i . 11. ii Stem UreM pf Stewart Warner .speid Stretuberg Cirb Studebaker Submarine Ilent Ceip Superior Oil Cerp. . . Superior Steel Timter Cern & F "A" Tenti ( op & Clieni. . . . T. ,ns Ce Texas & Pacific Texas a Pac C & O. 3d 1VX Pne Culf As Sul. .. . Third Ave 8 Tidewater Oil , fl Tell icee I'roeuela .... . Tel St I. ,i West ctfs. . . Tel St L & W itf.s pf . Tel St L As W etfn It Tnl St L A; W ctfu pf II T.anseen Oil 4 Transue Win Med I'men Oil 1'n, en lMdll,. 1'nlen Pacific pf . Piilen Tank i'nr in . I'nited I n iii? 1st pf . . In led Fiull I'niti d Itetail Ster a . . I) K (' I I' i Fily . . I' H p'oed I'leducia . . . L' s Ind Alcohol. . . . . ir s, Realty & tmp . IJ S Rubber 8 V S Rubber 1st pf . . . U S Smelt & Rcf ft t; S Strel 7 I' S Steel pf 2 I'tah Copper rt.ih Sce . Vu-Car Chemlciil . . . . Vn-Cnr Cln-mieal pf . Vanadium Cerp II Va, Iren 1 '0.1 1 A; ' nle imiiiiImii. 111.' WabiiMi. pf A . . . W.ii.a.-li pf It H'i Hii-rn M, rj 'ami Weiilrrn I'ai'lllc . . 7 U'lftiiiKlieiln- A Ural,. I V. .1 iK'.i.iiih. i: a. M. 7 We-. in 1'nlen Tel . VS'h Unit: & 1. i: . 4 Wbli .Moter ... . Winn- oil Ceip . . Will Spnc hii el Cerp Wi'lMs-evei-lnml U Is.ui & Ce . . . . 7 Wll-mi As C , WiMiliinrili !' Wo'ihieith ! Wnrtliliisi'Mi Wrluht Ai'ie pf.. 1 V pf Pump. i" ,4 31! i 3d, 2 8SS 4't. r,ii 30 IW 10 !i 14 37 !4 3.1 4 43 20 ' 130 IS .'III 17 32 '' 34 I8I4 137 73 U 101 40 1281 4 .VI J, IS 3 43 ?a 38 !; VI fc 00', 31'n 85 1I7J, (13 j lflij .10 (18 ii.'l'i 81 'i'n 10'. . 1 4 31 tid'j IM. :.7M "' 14 Ill's 72 1431, 117 474 liw.li far 11. 1 UllH vfi'l. Ml!) ,sne hIiut' f IlIT 754 10.1 J4 tl uM 147 M 109 2 79 19 43 H 44 311,4 314 17?i 37 H 23J4 3014 12H 103 109? 37J4 lift 39 M . H 1 8 in 43 '4 07'4 1214 1214 130 118 t'4 33 ?i 88's 14 14 5s4 734 31 13H 18 10014 0HV4 33 n 401,4 ft !4 70H 23 H UH 315 13 125 10V4 23 14 7h 43 50?; 40 Sli 3IU S?4 (18 Vi tftja (il 32 '4 29 15!i 32J( 0!4 r7 7814 (;:tVi 1)3 27 I J 774 110 35 s 33 ! 0314 His 71V4 45 4 Mi :ie?4 c.i 2S',4 50 8:n; 47 ?, 31). 30 V4 31 31 2'i 171, iil4 17 30 I84 80,, 1734 13',4 173 114? 07 J 20 "2 :k;i2 871, '' 5h 30 4 14 04 43?4 20', 33 i, 41 s 2014 1:10 lll'i !(!? 28 4 10'i 20 S, :t:i'4 18' i I'M. 1 4 ;:ti4 IH.T, 111 us 32?, I' I 3' 43 58'4 .-r.'J, 00 33 1 j 85 117 112 10'e 201, (17 IVi 80 . "H 10', 12 '4 8'l 1.14 Ti U .111 I, 00' II . 371, 7), i 5 1 1 IV 1131 - 117 IIP, Tort)' N't flee i nee. A7J4 - H 10D14- IsM 11 - 14 11- 14 14814 t !4 tee - 1 3?i- !i 70 10 .. 4254- ' 45 r 2 39 H- 14 315 i 18H - !4 3714- 4 33 !4 31 lH - V 107 - ill 14 f W 271, 1- !4 12J4 14 29 - 14 tt- !6 1W- 14 8 mi, 43Ji- C7'5- 14 13?4 - Is 114 130 - 14 110 - '4 H4- '4 30? tt no!4 1- H4 14 tt- 14 381,4 71 31 tt I 14 1CJ4 14 18 -i- m inpi4 esr, 4 tt 51 40 14- 14 7 ! 70 tt 4- H 25 tt 4- tt "14- '4 1 314 I 13 -- !i 133 - 14 1014- ii 2314 I 7H- !i! 43 'J 31 ' '2 i 4d4 tt I M4 - 14 3414 S?4 9 ' 14 19 ?i I 14 04 1 I NEW HIGH FOR PIT. IN LOCAL MARKET s r.iu 29 " 1514 3.1 9'8 (i?tt 7814 ll.Tj n:: 27 15 70 110 30 U -331, -05 ' , -141-4-7P4i 45 -4H'i ill tt i (i.i 28.', 505, 8354 484 j 21 4 -33 -2tt 1 : 17 30 ' !!4 , 80 , 17tt 113 1 2 173 - inj,- 07?4 30 1 J 311 14 - 88 tt , tt r 5tt- 30 4 14- ie;h- 41 - 3li'S 3314 f 13 -(iltt-IS 30 : 7 1 33 : Ott 33', -ls'4 I3ll', - 73U 101 10 lis'", 33', , 17 'a V, ' 43 5s "j 53 tt OftH - "4 4 85 117 113 U 10', 3.)'4 (!4 III s 'i I.I , I2'4 8'4 It', . 0V4 ,il ' II I .. Il :, l.tl 3 ; lt3tt 117 lll'i 7 Sharp Rebound iii . Bank of North America Warrants in Late Trading Philnilflphin Hnpld Trnnslt wni mnile the Iciifllnir fentnre of tlie Irnillnc In l", leenl market, miillnc a new Ills'1 'or the enr nt 10Vj. Thin wan ' nlieve I tlie top llRtire iimde Innt full. It yep i rescnteil 11 net coin of 1 V iwlnts nueve 114 j Inst nlKlit'.s closing. Thn revival wt" nppnrenti.v intiiienreii by t lie prom prem Klinring propeinl intidc Inst ntftfvl by Mr. Mitten te the trelleymcn. It foiintleil geed ; looked geed In print, nnd reml very nieely. but tbese fntillllnr wltli life lecitl trmixlt ulruntlnn simply silioek llielr hrnds. (lien smiled nnd beaceil I te be excused in milking nnv expression. According te Mr. Mitten's htntc I input, tlicre run be no dlstrlbuflen of 1 prellts te tlie ciiipleyes tintll 11 pi'r cent I ilivldcndH nre found for tin1 sbnre I holders. Te innke n long story short, nobody could find nti.v (ipecliil renseim ! for building very big hypes of ft. re- I ' siimptieti of dividends in the lienv future. I , Speculatively the incident bud n pre neunced rcjiivenntlng effect, nnd the fact thnt these behind the movement were successful in pushing bejend the previous (lend line of 111. '"''d "'"no lie ncccpted im eliceiiraslng". The trad ing wns brisk during the forenoon, up proximately i!u(J shares rlinnging hands before inlibhiy. That is nn uncoil)' menly heavy turnover for thiii i-lock In n two-hour period. The underlying I traction shares did net benefit by the movement, giving It mere and mere a mnde-tn. order affair. In the general list price movement 1 ceiltlniied mixed. Most of tlie varia tions, however, were con lined wllbln I narrow fractional limits. The fev ex ceptions were the drop In lianl. of North i America warrants from -17 te -l-l. and I'-j points decline in Hleitrle Storage Mattery en selling of some of the tall etulers in the recent splurge in that sue tlallj. The former in the later trading made a spirited rebound te Im indicating a1 complete cleaning up of the lleallng 1 supph . I Trading continued netive In tbe riilladelphia Klectric warrants, with most of the offerings taken at l'-j. Mnlli.B' the common anil preferred outstanding Cl issues rellecled (lie same organized sup- 'IV- pint. I.lttle was done in I'. !. I. Is- ! """ Nen-Callable Perpetual Interest-iBearing Certificates r Direct obligation of ihe Public Service Corporation of New Jersey Fer the year ended November 30, 1921, the corporation's net income wan ever 3 times annual interest requirements en the total funded debt, including interest en these certificates. Price te yield 6 Write for Circular Bonbright & Company 437 Chestnut Street, Philadelphia New Yerk Bosten Chicago Detroit 1 1 r III i 'i 14 dvz cfrr4t waiting for n big salary be fore you begin te save? If the "Put-it-effa" could only realize 'whnt comfort able sums mny be nccumu latcd by small amounts applied regularly te a savings account, tliey would, imme diate' become "Put-it-in's." North Philadelphia Trust Ce. Bread St and Germantown Ayc Above Erie Ave., Philadelphia I sl f H ucv. American Meiei reacted a point, te M. lint the iir.it lireferied moved up 'a point, te ll'.i. iV'iin-Uanla Hail toad remaitied linn. Philadelphia Stocks i 7 !!! HlKll I.OB KltAtu Can.. :t(!i .".li'j 1H." Am Stere-. 11(1 Mi 1.- dnl.ti)f..1l 1J ,'tl Am (!ns. . iVS ."" TO Am Kwys 1' (' letAtiaiifiuic uMi i;i:;; V,") Uniik N A war w I. "ie -II1" (VI Cen TrN.I II1-. -II chre i ? I 'MU. sin. . y. 111) -f- Vj .". Vj (! 1 24 Til II 1 7M Klec Sler.MOi', l.'!!!' J-lO'i Ti ..i.x , , ..... , . iiiit i am nay i Klir.lien Met.. M't ."7 I c A. :n L'Oilnt Paper. -1S Te Lake Sup 7"s -ril.ei Nav.. Ijii's 1." I. eh Vlll. . 'ir:')t 't Penn ( 'ent l.iKiit pf r.n :i'j'j Pa it n.. ::i''; I Ml PhilCeepf .'17 ."h Pliilll Klee ir, .no de pier.. 'J7'r, 'JOlll! de war v i 1 "s lll-J '4 ' 1'? 14 la !i 1 "4 : 14 1 "1; 1 1 'A 1 l la 2 a p it r 1(1(1 Phil & w L'MiitSinelalr.. I'lilltSludebaUr IHIItTe P ."pill) Ten Pel., j:::? I'n l'rnc. ..'ler 1; 1 ... HID de pref.. -Vi-M S 1ml Alctln.l . .".'J' Yerk K P.)'.. Ii 1!) SSL'. L'7 :i.-,(.. :isif Til 1.",'.. rfc Mi is (1(1 W. :k :i7 i:i-'s U7I.J 1 't is ii in S7'V, 1 1 s W), ', IS Vi 7-s Vs r.ii'i 1, "7r;.s ."s BROWN BROTHERS & CO. Nriv Yerk K.'a6Its?if(I 788 l'OUKTII H C-IIIWTNUT HTBEKTS ll1II.AI)i:UIHA Iloiten SPECIAL PAYMENTS IN FOREIGN COUNTRIES TO BE made upon signing of releases and receipts, as in the case of legacies, can be arranged through us. A Century of Service BROWN, SHIPLEY & COMPANY l.ellilmr.v omen fer Trarrlrr. 1S3 Tell Mall. LONDON. 8. W. l'liiinilrr"! Court I)0. 11. ' MINI .'(I .'IP's 1'. I IJ I :i.-i :ts Til 1. 'i'- ii : t-'i7; L'7'.-.. l'a Vi 1!1'H1 11 -)-l 1!) .. ,i Vi 1 in- ii". 4 i-r :js,.. .I .. I.Tj lVi VJ 1 llx illvl.lenl te.lnv l.eliicii N'.iv.. SI i.N.t etuiTise mHit.. liv i..mpnrlr.n wllhlu.it i'.' nil .Niw lulk Muv.k ilxtllilllKC. l-.ivl il . 141-II tit 1 r. h. ii.mi'.reil ltli "''It m1uihi v. -1 u'.iv. 'Diut f.ir 1I1I1 vl.cl. I v -JT Hluir. t, riiii..ii.i.i'in niiMis 110 i.iiiert-. :;'..s 17 !)."i.'N I Inn I.iliern U'd Mi" "il!. .I'ds Ji.-i.sili 1.-.MK) l.llieiu .'id Mi- "L". .'Inf. IHI.lli 71111 l.iheilj lid Vis 'L's ',17. OS :'".ihmi i.:iieit 1 1 ii i'i '::s. . . nitje, ."iilll l.iheilj -Ith I' i. "N.. .. '.).". !IS limn l.ihi'i'U -ith -I'ts '.(- !l(l. 1(1 ".."(I Vli-lnr'v I 'i- "J.". Kill. OS June Vi.'ierv !',- -:: 100. in li.iiil Amer Cas & r.lectrii. .'. RIVi j iiinciij N p.u:; n-c jis'j -in 11) I.ehi-.-h Vallcj (is 101V, .nun l.i'hiL-li Valley setieral -Is. 7S'i 1111111 .New imk i out nil (is.. .. iiiine Plilla Ce cons ,ri Mum Phlla Pli'drli- Kt .". limn Phlla P.lei trie 1st ."is '-'nun Plilln K'ei-lrn t ,")w, .'11111 1 Pl.ila Pliilrn- lis I. .111 PI11I11 r.ln-tni- 0- . . . .".rn 'i I .in! lt.nSunij ." T. ' v, ,. . ... n..r .T v III. s 1, m v, tt 1 vl l.it 1 1 .v U 17.. v.-. ., I Southern Railway Company Equipment 6 Notes Maturing 1931-1935 Price, 5.75 Basis ELKINS, MORRIS & CO. LAN!) TITLE I1LDG., PIIILA., PA. Members A'ct"' Yerk and Philadelphia Sleck Exchanges Jets lets lids lets , . L- '. ss llli'i 11(1 '1 in!".; I0T 10L", 7S1, BANK CLEARINGS SMALLER ' January Clearing Heuse Turnover J-151,308.005 Less Than Last Year Philaih Ipliui haul. iImimiirm dnriiu .Iiltinarv u.'iv Sl.'il.Kiis iiii,', less than in Ihe i iirri'-ieiidliiK in mtli Init eur. The te' nl turnover of i In ki thrniigii the i CleariiiB llen-e for ihe hnine,.H inentli einlnl teilnv was 51.701 .".ss, 00(1, nKtMliM j .s.s.-.L',i;:iii.!Mi.-, In Ili-.M .vj.l7."i.7ll.('iSs in P.i-'ii and $I.S.'I'J.l7e Js.'i in P.Hlt. i 'lie fnlliiwiiiK tatile ',(. the clear- iiiU" for niniith ('eiiiiiir.'d with these of! '"'""" ,,..., i , , .... , 1..-I nun li'.u. DIVIDENDS DECLARED . rtut . ii . I'm. mi ii'jarteil, y . r ,IIM1II. .1lurv.li i hi i . . ul niai I,' SneNlmkr. iiuartt! SI ";, nml il T.' en iirvf.nv.l miv.iI.i nit 1. . f r-' .ir I I lri!H v in Itrtr.: .Mill.1" .Iliiilen.l f 1;, ,,fr , . i Ii . .hi ..r .it., lit IVbn.div 1 t,, in,,,. i( ,, v.nl Ii . 1,1 :-l Th.a in iuivd..,i tll i. ... in.. I r Hall -llllien i.i 4 i I -'; hi I Iran ! i.rv- Wnillii A- r-inii illi H i pi.i hi ...ii , lei i J.'.. huh ,p I. bill., i i ' . i . ,,., raoeril IVbrumv l.'i mil n 1 u " "iii-iii. ii MaliK I i. Ii.l 111. nf 'III I'l i ,vl AM) .NnK'l ll ilHTKHV r . -ie -,T i.ui I'; -,.. 1 1 I. fl,.,t Mm T7 ill Mil i.--. i ii .... itii 'jn 'in ,3 im .ine il il.. 1 137 s jji.u 3fl.j TIA.I'. I'M II n BAR SILVER fe 15endsr Investment HALSEY, STUART ifchil TUU Hills' l'lume. lrwat S:'0 Iienwain Imr aller unclmej.i hi sv,, .rW l.nluv ..I Hll'ar li'i tln nun.r .thIbii ti.1,1' uiielimiKed In l.eiul.n. ll... ,,,,,,. U i.J lewr t Ilft'jil. Paris Bourse Weak l-arla. .Ian .11 -I'm i- r v , , Ileuiae tedv iTIirte WJifni rm ,. ..ijf 6U, i... ..v.M, van nn Ijannen. alt 40a 1-Iv ,. rvnt lean SOt ll'e. Thf Ugllar wai quutcd at ur uc '- .,! .. i ...v. ii,. livlia S. , ,,.. I nn .HI I, III. A l" p .. mln i B'n" ,. f,pe- HI' "'-' Twel- ' ll" I'1" "" ' Sl ,,,. r UH "ili Wlll.! I I Ml i, -a .1,". i'.i 7" I!1. I T'i ' 17 1 I.' I I MiHnu.n 17 II7H IS t v:i vim i I'M M7 '."M I.' win III ' I la ' ihs ' - i 1 1 il Hi" i, hd .') :..i" -lei i . i i . . Mb i '. Nll M .V .lilt e I'l I.L .-. I ' ''I .S.i J v UU2 I 701. 3ie O'i'i Ili'Jl is.: one '.no 1 M7 WI.VS71 1 7il.1 I1H0 H'I I HIU 917,117 1, 1 llllll, Ml.1 J1H I Ti'll 4 II ''7i. l.l'.i).. 000 i 1 ,il,1 mi" i '" l.Hiil.OH'i mm 1 7Jil OH" 'Hi i 1.I.J7 0 hi urn' 1 tml.tlCI m 'I Recerd Output of Oil In California Niialilimliin. Jn .11 I'nulu iii,., ,f .,, lnliiui l'i 111" I llli'i Mulea ii, mi fu ill, jii-'i ' ..... j.. .j , , ii .. i ,),i,i, -, . u a ,, ,, , . . . ........... i ... i.i.. ,,,. , M H.IIV..II.,- . .'V . .u.' '"Ml t.rfri. li.t.,1 lliliv !' l"l h.-. ., ai.ln vmu.i v. v aal'l ti"U I'1 ' 'ria mi ,h, ,,,,,, ..., .... ,i... it... t.. .... 'Ililitl'v 11, ..l.r.. v '- " " v i Ul I, S , . '. ia " ..111' llllll I i ,.,' Ihe .11 ...I.I .... . 1 'ir- ndr, .1111 IVN.va IIUI.. Ill, I, I .11 , , Trxna l "ju nisi rai,i .v,n.,, . ., ... I .. , en...... Hull . . i ti, ."'.leini, . i i.ira ,v .,, Ull llM I'r.'n i .f ", .HI W-. .'.!..'. I.. It, ,. H I . I ...r. , ... , v ni.i . . L'r ' .. . '7 ... .,.. i :., ,'i'- ri -,V "'"' v.nvu. -in r.-.f i ;,; '".'? "'," "' .V- ' SI ( 7 I rUKlir.l.-ly IHIM.l.IlK) l,rr,l. '.. "' .' lias ILK 747 i'H "'I , ' ". . '.'.,,. :?,.",, ".;.",' . ""' '' 'I i' S"7 11.111 ."! HI I " ANOTHERRISE IN EXCHANGE Sterling Cables .it 4.2G '4 Several New Highs Recorded New nrli. .l.in. HI "I'll feiriRii e ihilliS' ii .n kit i-iiirti-d will, an .tl,.. r v lllll ill'.' 'lid. With Ktlllls iie- li-.. , i " lniiil-. i-niisiiij2 freiii 1'se hi --li'i 'illi; In 'JH I'n III- in Sweilii.il. A-- hii. -i. (feie. I-" ul nii'iiiter hml nn ih'ltniii' n.fnrii -i' uni.lnii; Iho hii-i- fm ill. inehi'iit ii!i'iit rise, which In -nine i-a.-e.s liii- had i d.'i I'l.'il -iit-i-iil.itin- ns,(.. i 111 Illi' imlv afli'l'lliieii. while I Mi le-1 of II" I nii-Kel wn in lined ,, .,.. i ede from 1 i . eaih lni;li limnes mi prelll -tnhliiK, llalian e.vi linii-c took up the lead nml M'eri d n net cnui ,,f i, I units. 'I In' iiwi, ilmns were: Slir ins ciililei lL'7!. di'innnd I-J7I,. franc nlih - s:ii,, , hevl.H S.'jiii,, Ih'lsiiui inh1"- 7.11"., i hecks' 7 !C. liie , ul, lis (1i 'li.'h- I ."!)..,: murks Hi , The ineiiiiiiii, en N'i w Yink funds n, Mmilreiil n- further r, dm eil lediiy in I 7-PI. Thf discount en Ciitiniliiin fillnl- in N1 v 'nk Wlls lowered t"i the ri hi en nn- iii'neiin nt nt I', cnl. Cult rill lil'iiefv,n cch,iiiye. w , i e Iti'iiiiiiiiiin. 71' lliiluiii-iun. .71; Si, hiiin. I Ie : i'i h'l-SleMiKuin, i j- liiSi.-Sl.illin "'; ', lli'ulv, 1. 17, I'm n) h. . .-: I-..I -h. 0.I1.-I. . i -inn K'.'s ll'llit' i. ii ii 1' . i..-1 1 i.nvi s i '.n.siN j iji hi v, 1 1, , i I'n.iri I 7 HOI-GUT SOLD QUOTED Lexington Railways First en, 19 M International & Great Northern Railway 1st 7s, 1922 ti-Ycar Notes Inquiries Invited R. LANCASTER WILLIAMS & CO., Inc. Mil M.ir.vlniul usiinllj Ili)i., Il.illliiinrr, Mil. LEHIGH POWER SEC. 6's, 1927 PHILA. SUB. G. & E...5's,1960 LUZERNE CO. G. & E. 5', 1948 McGLINN & CO. Spruce 7391 Race 5103 Membe-H .V. V. ,S(or,- Llxclnuujc Widener Bldg., Pliilndelphia PORTY Iheusnnd active ' A tclepliencs, operating automatically, with nil the real estate, buildlnga, equip, ment, etc., necessary te car ry en the best kind of tele tele tele phone service, stand as se curity for the two issues of bends of the Keystone Tele phone Company of Phila delphia. At present prices thest bends yield 7.10 and 3, tax free in Pennsyl vania. V,'c Invite inquiry en any current investment subject HARPER &TURNER Investment Bunkers Members of Philadelphia Stock EichanH ' Stock Exchange Building fcramen Philadelphia niiu i" i Equipment Bends Penna. R. R. 6s j ,,i f. t'..s m:i-, in, I r , l" , i.i ;, 7u f, 7;, Missouri Pacific 6s J v , 1.1 1',., i,,", , I I I" Iii 1 .-, SI) Townsend Whelen & Ce. .Mfinliirs S. . A I'lilli. stv.,1, l.xiliuintri, SOS Chestnut St., Phlla. J We offer a Selected list of f Municipal, Railroad and Cdrporatien Bends We are prepared te purchat sound issues of Corporation Bends which have an established record of earning STROUD & CO. M5e Wnlnttt St.. Philndelnhln 43 Exchange Place, New Yetk ul i 's I 1 S s 8.' I s a s ,j HI-, MNi I, I llrliuvilil ull.i -.' I".' :.i i "i". i i-i- L'.'l '.s . mil II sis 7l 'I 'Is je 1.1. lllll nil :.sj -.1.7 :n I Uli BJ1 sir, .'7 .1 ' -J e'i.l.:i7li ls7 : U jilt hid ii .ti 'ji n; I. llllll l7S vih i.i a , L' 1,1.1. IlKIl I1HS I.I I'J f J.I 0IH.O0ll.ll5U ."i'fl-, s i I.AKI- I III! I , r, 1 . r ." sj, I .It ii I v IV. II .!' ,TO' js'nt etit-r. incenit 15fcreai!, v, - I I'l i. v,,( 11 "i'l i'17 1 ,"n ,13U M.'.8 ".I is, Stock lesue by Shell Transport l.i'iuliiii. Ian .11 SI,pI TrHimp.iri nn.l Tr. us vvnii wai- ai 4 .1-11, ni IhB Riu, u I'fci ii niKiv ie,lv f.li. Mlnir condom .Hec e .mi .vi r lunula of nn iu of 11 lien 'iun 7 inr cut cumnlmlve nncenij irirnc (I huh v.f vli-vv .j..nini' nt Mf x.,. BANK CLEARINGS lUnu i I' ur liKii K"l i I,,,, ,, rerpuiivlinii rihl 'hm tvi.j v r I.i-- 111.' I i.,..,. I'tilln t-J ni'i 7ii I is ii in inr, ,.-, S' s.i'i.ii'i, nnd i i, ,n -',7i,,i .t ,,i, i-lilfHHu 'l Hid mm I .- it - rt i "iii ,,,', IHi.ik.i i'i i'i ft 'Kid i . ;i .i, i Hi. i . I. 7 4 ',s i-IV i : .1 I .'7 JI III- 1 1 limsimaaw' Fer Cenacrvnticu 1 1 i I'm in il " 3 i I "I I ln I ' . I. s -'". I ' S , i W II, MONEY-LENDING RATES M.N ill il" . (IKK i'.i . ml, tf ii'. I.I.., . v I,,,,, . l Villi, hi, I , mil , l ' il .h.ni Th. iiltv hurl FKn.etfd IMh onern 157 U50 ilim J" VKtw of the niwftaeular JiucceM of Iho cltreil tlie rtyulitr i)urtfrl dludi-nd oil com. Steel Cerp. Payfi Regular Dividends ..1'ew .yurl- 31 Dlie, iei. ,,t ,h. uniifvi .nuufi hjmi (.-priierni en inrtnv Anilo-rerleu Oil flotation. nun and prufuricd f tetk. ' I 'v vv , . W t. 1 M, l J,'I .11. I'l l' e'tft imr c lit i-ommerriMi M,"r te alx mentliu, 0'vtp6t wr tun! ' "uauinnn:tii Investment We olfer a carelully Ucied list of Municipal, Rrtilrencl, Fnrelcn Gov ernment and InduitrUI BONDS Holman.WatsenfSRaon I Mntt..i'r:ii.ul,, I 1 i!!!.i?H!!i5?rV,?HiHii.!J3I!i; (llil i'.IiiMUIm'iI l-lill,,. ,Mr. ( ,,,, U, ,i i ,i ii ii I r - w ll ri'iiii'iilliui for n lin-iliiil. iun us,, uililltiiiniii (uiltiil, lti-iiuislili H,.l,,i, k1,. rll,-l,l liurli. TliU 1. mi iiiiirliiiilj in ,n-. illlr, ii l.iru-t- lrri't In ,, I , u H I ci a tlinl Iiiii. Iiren In him ten. flit u(lt-ri) t lull fur l, lllll) )ur. tl IH, I.rricfr Oflk. Bradley Fireproofing Products Bought, Sold and Quoted PLATT & CO. Members N. Y. Curb Marhtt 47 Broadway New Yerk I'nr tv i, iiiisi, I lint itniid reu"" ii i-Mi'iiiiuniill) uiiiiil tniliiliiit.ril,'i; Icnif nml r-rnril In ir.ii-lr.il fiifl'f' ur!. li'inilllni; uf nirn la " iii-iii c r irnrriil mid iiiI iijii'i1"" Inn iiunli,ii.li,K Kriirrnl iu'i''lf" Ins iisslstunt te prcsldfiil mill ',r,,lf! nrrri suli mil ixriiilhv i-rl" eirn ti.r niifiinriiif-nl . , .., I iln nut rirU te lif se, ''"'""j'! nn tu nlil , In ii imsltliiii ii liljli 'I lnif lii-lil, Imt run nnurr ilinniMl , luniir iii mi? inn, k """'".'.-..V.V l H linv II nn , vnmra lll'I'ICE . ' H ..w. , ,,11, i,iuj,ik i.-i- ., I -ir- vl,-. 5. i . . .r m . ' 'J. J.A .t- & "-' If. '4 itjf-K' .Ji ., ..!, ' A5S 1