wmmKmK&smwmdmBMm tmyp ' . Awa,s,r2MfSK,'tyr "--v wiivraNttsfcR" w W hH iTflJS'V'" ' "- '"Hw W( T'raYTV' TiirtlM V4 ?'i.C.C tFrtfjfvr.4r. HU ADEUJ &raw?m juvjuxuuaur jruJJJLivlAJ JUCiUUJJittTJ m 'WP-tt i T K1 i.ti.'f : I SIM "" f' ivishi '' Ma j I , : -.f V; ? t ( m a. . V im Our M f? :i',-. ... eraeruary List srt of investment sugges- nuns tuiuitius ever ma issues of high-grade bends carefully select ed te meet the indi vidual requirements of conservative investors and institutions Yielding 4 te Ask for Circular F-ll f Hirris, Ferbes & C Pin St., cr. William Nfew YORK PHILADELPHIA OFFICE WldeiwrBldf. Telephone Spruce 7040 STOCKS DISPLAYED UPWARD TENDENCY Absorption Capacity of the Market Was, the Outstand ing Feature NEW YORK STOCK EXCHANGE TRANSACTIONS Satu, In zee Ll Spruce 8200 LIBERTY BONDS SECl'RlTlhS Ur.rARTMKNT COMMERCIAL TRUST COMPANY Member Fwlrral Itrrte System City Hall Square, West New Ynrli, Feb. C. The outstanding feature of today's Meck maikcr wn the remarkable absorption capacity. There was n great deal of selling during the forenoon, but all thee offerings were well taken without any material price recessions. Te the contrary, the whole list except a few ever-exploited speeulntlre specialties held up well and the line of lent resistance in all quar ters was ngain found te be en eon een eon stiucthe side. The resiliency of the llt came in for tnore notice because of the total ab sence of any stimulating news or de. lelonments, but It was evident ns the vecsien progressed tliat technical con ditions continued te favor the long aeteunt. The Interior banks weie re ported te Iibve 'treiiKthened their re serves eier the week-end, but no ease ment of rates was shown. Call money opened nt fi'O ner cent. This, lieuciei-. apparently did net shake the faith of the numerous bull peels te maintain their present dominant position in the nfliilrH of their various securities, proof of which was te be found in the con fidence with which the nrletis specu lalive leaders were marked up. Meters and equipment icmaincd the acceptid leaders nt the eutM-t, but the oils Liter became the real leaders. Gen eral Asphalt featuring that division en heavy purchases. Coin Products was taken up ngain, duplicating the high lecerd made In lltUO. While these prominent speculative leaders were forg ing forward some of lat week's fluffy ruffles melted under realizing pressure. Seme few weak spots cropped out In I 'nlted States Feed Products, whli.li i touched a new low Icicl and wlilili ' brought sympathetic liquidation In Fulled States Industrial Alcohol. The low-price rails featuied the carriers, with honors about evenly divided be tween New Hacn, with n new high en the move, nnd Southern Hallway preferred, which strengthened en the persistent repeits of an early resump tion of dividends. 2HtWMmi)ninpii'iinwi: Bank of North America (The eldest Bank in tat United Statti) RIGHTS BeusIU nnd said en the Philadelphia Stock Kxchftnce and at current prices whan subscription Is made en or be fore April 1 laid mould da ever 6. Dividends are paid at the rate of ltl". par annum Income from this Invest ment would he free of Pennsylvania Stat and Federal Nermal Income Taxes. Particular en application BIOREN&CO. Established 1805 410 Chestnut St. Members of New Yerk and Philadelphia Bleck Exchange 7Vi Per Cent Tax Free Fer a First Mortgage Bend, ' Secured by Property Costing 4M Times the Bend Issue, with Net Earnings Five Times the Interest. Details en Application Edward V. Kane & Ce. Merris Building Vilabltehed It Yean Commodity Markets i GRAIN MARKET Chicago. Feb. G. Wheat started 1jc te s8e higher for May and 1ic te lHc hleher for July, with an unexpectedly biend outside commission heute tie- i mand nberblng preflt-taklng sales. The impression was that a real Dull market was en, and this inspired new invest ments. Cables showed mere strength than had been expected. Itccclpts in spected Saturday were twenty-four cats; last jear twenty cars. The cash market was relatively steady, with lim ited offerings and a fair demand. Ne expert business wns done Satur day and the seaboard said foreign bids were out of line. Gulf wheat new un- dersclltng Argentine and Canadian grain. Cern started unchanged te 'jc higher. ( Wltn an active inued irnui'. ncpuna indicate increased cadi requirements and a diminishing movement from the country. .... Oats started 'c Higher, following' ether grains. i 1 COTTON MARKET j New YerU, Feb. fl. With an active opening, cotton prices dropped 13 te HI neints en first sales, reflecting weak-i ness at Liverpool, the unsettled labor situation In New England and free sell ing bv .Tnpancse, Liverpool and New Or leans' interests. SuppertitiB orders from Wall street sustained the JUt after the start, and it was fairly steady at Initial levels. ion tee 300 100 )IQ0 100 tee 100 tee 100 1700 00 .100 100 oeo 7000 3800 3800 400 910a 100 tee 7.100 100 1S0O 100 100 000 1500 300 1400 700 noe 100 300 tee 1M0 100 800 400 400 300 tee 100 400 B 400 300 13JJ0 100 300 100 100 tee 11100 300 700 100 300 tee ten 310 1000 300 3000 703 1700 400 100 300 tee tee 100 tee 400 100 tee tee 100 tee 300 300 eoe tee 400 100 100 31100 300 Hli .. .ilnnce Kumely .... 14 4 Air Induction, as; .AJav Rubber ISJ4 .. Alaska .tunea O M... H 4 Allied Gnem Dye... 8ST, 7 Allied Chcm & Dye ptl0H 4 Allls-Chaltncr.s 4CJ4 7 Allls-Chnlmers pf ... 3Ji . . Am Agrlc Cliem 1U;g .. Am Agrlc Chenj pf . . . 87$ . . Am liect Sugar 345 . Am Besch Magneto., 37 4 Am n Slioe IMy new., teyt .. Am Can 3SJ 13 Am Car & Ktly 147?i . . Am Cotten Oil 30J4 . . Am Cotten Oil pf. ... 4,4J . . Am Dtuff Syn A . . Am ltlde & leather. . lS?a . Am Hlde & Leather pf 67M 7 Ain Ten OS 0 Am Ice pf 7814 . . Am Tnternat Cerp.... 4314 1 Am-U T-Vance Una;. . OH . . Am Linseed ,1S4 fl Am Locomotive 10? 4 Am Hadlater M . . Am Ship & Cem 014 Am 8me1t 46 OH 37 H 3J'a 13S 197 Ji 1 Am Smelt Pf 3 Am Steel Foundries. . Am Sugar llcf 7 Am Sugar ltef pf. . . . Am Sumatra .... 7 Am KumatiA Teb pf. 0 Am Tel & Tel . . 13 Am Tobacco II Am Tobacco H . . . Am WAtcrwIcs 6 nf. 3254 7 Am Woolen 83H 7 Am Woolen pf 104i .. Anaconda Copper .... 40Ji 4 Atso Dry Goods 40 fl Ateh Tep A Santa tv. 8'4 .. AtftantaBlrJc Atlantic 1 7 Atlantie Coast Line. 88ii .. Atlantie Fruit 3J4 .. All Gulf i W I S S.. 37 . . Atl Gulf & W I S s pf 31 .. Austin Nicholas 1414 7 Baldwin Locemotid .tOlfj 7 Baldwin Loce pf 10BJ . . Baltimore & Ohie .... 34 i Baltimore & Ohie pt.. SSft . . Barnett Leather 47 . Barnsdale Class B,. .. 30 5 Bethlehem Steel B.... 8714 . British Km Steel . !$ .. Brit Em Steel 2ii pr . 33 V . . Beeth Fisheries .... O' . Brklyn llapld Transit tt'i . Brown Shee 4'4 7 Brown Shoe pf 01 .. Burns Bres A IH'i .. Burns Bres B 3314 .. Butte Copper & Zinc. H'r .. Butte & Superior Cep. 3s' .. Butterick 3VA .. Cidde Central O & It. 1?s California Tetreleum . 4SJ3 10 Canadian 1'aclflc ... ,133'i .. Carsen JII1I Mining 7 Case .T 1 1st pf . . . . . Central Leather . Central Leather pf .. Cerre-de-Pasco . . , fl Chandler Meters . . , 4 Chesapeake & Ohie . . Chicago & Alten. . . Chicago & Alten pf . Chi & B 111 (new) .. Chi & Gr West pf . .. Chi Mil & St V .. 'hl Mil & St P pf . 5 Chi & Northwestern 4 Chicago Pneu Teel. . Chi III & Pac... A Chi R I & Pac -, 7 Ch n I & Pac 7 . i 'hlle Copper . . . Clilne Copper .. 14 U .. 73'; .. 335s .. 80J, ... 31 t .. 31, . ns 13U ...10 ... l'i ... :vt 1 . OS . 03 'i . 33 (j nf 't )f hh 38 Va Pf D? .. 41 . 1 . . 41 in 78 Vi I . 3J, . .. 9a r 0 1 71 1A 11 in ej i-. M is. n TivIaj s in mi ill 2'i 1 ii T. .11 13 ll33J 1 V M I HI "ii in ;i 1 .. I 1.1.17 100 3 30 Clev Cln Chi & St L 700 . Cluett Peabody . . 100 . Cluett Peabody pf. 300 l Coca-Cela 100 . Colerado Fuel & Iren 100 3 Colerado & Southern 300 6 Celum Gas & Klcc, 300 . . Celum Graphophene . 1 300 . . Cel Graphophene pf . ? 300 4 Cemput Tab Uoierai. 87 2 300 ; Consolidated Cigar pf. 60 100 7 ( onselldated Gas .... 01 U 300 .. Consolidated Textiles. 13H 100 , Continental Can .. .. 0? 100 n Continental Insurance 87 8J0O 3 Cern Products Hof. ..tOiKs 100 t Cern Products Ref pf.H4J 0000 3.30. Cosden & Ce 3300 ion 300 130 We want offerings of Portland Ry., Lt. & Power 5s, 1942 RAUSCHER & MACKAY 15 Bread Street, New Yerk Telephone, Hanover 4433 REWBURBER, HENDERSON & LOEB Members NetO Yerk and t Philadelphia Stock Exchange 1410 Chestnut St. March . . Vav July October December NEW YORK COFFEE MARKET New Yerk, Feb. C. The better de mand for spot coffee, firmer Rie ex change rates and an improved showing in the cost and freight market, im parted some encouragement in local trade circles and resulted in 'an open ing advance of 1 te .1 points in the coffee futures maifcet this morning. Private cables lepert a firmer Itle exchange market and firm offers came in considerably higher this morning. Thee mere encouraging features coupled with the sellinc of actual coffee here and buving back futures by local trade firms i brought about higher prices at mld-dav. values showing net gains of 7 te 10 I points. The market still appears te lie handicappeu ey mu auscutu ui uuiaiuu demand. frer. Clns Orn March " "2BS5 5 2Jgi" n in 'niii n no 'i ri l h 4tt? no r .sness Mav July Septemb-r DernTbi nid. S 4SO:.0 S 11 S (5B47 S 4ifn2 I Xlranls Rallrend Kqulp.rt's 19:8 In 103.1 - ' TmUb t l4lah..l. m nKlklU" MONEY-LENDING RATES KH OBK Meni nn call both r ..i of rellnt'-ral. np"nd ledav ut 5'j ri cnt Paaiaarl! "PWfli 'Vj' CempBiur Csnsel...Vs 10i8 I f(ir , ,.,,ns ,;n, renenlmr .Vartk Sprlnsfletd Water Campanr. ,S' IBM Th. inmn mHrlict a MtMjnrd Jaa.ft Elettrle Cumpanr fl 10S(lda enrtlciilai v for flxnl date fuiHs, whkh rper(A 1 quf te- Jassitswii Passenaer Hallway Ce. Haute fina fuel Company A's B3i Cltr, Hohekm I'aterjen Rr.4's 1040 t-'ity Biecme uempanr. . ,.i'a lesa i.isni a i-ener iter.n'a wit j, AUaatle CUT Electrte Company. Poland Kwr.. I.lsht A Tener Mariharn Indiana 4iaa f Klec. Ce. PM. SIU. Samuel Ji. fritiiips & Ce. Members Philadelphia HteeW Kichnnie 507 CHKRTNfT HTRRRT .1 10.111' ...... ..,... I . I 13. In .-, l.er rani 4 s 1B1I prime barlt icr-ntancei an 1 mrcanii e papr wer unchaneeu Safe Bends:investmeify HALSEY, STUART S, .CO. Inc. Land Title Bide. Diens. Locust 4320 AsiUriein Pew. & Lt. 6s. 2016 Lehigh Pew. Sec. 6s, 1927 AMtrlcan Gas & Eiec. 6s, 2014 American Gaa 7s, 1922 KAwcrican Waterwerth l. 5s. 1931 :?... . . .vusBaaaiBE-sj. . TailH Ja r-ra sjpswateaa w a - vwa FlPt I4IM line nnuaina. i-niisariuniu ?V Msw Yerk Offlrs. I Recter Htreet ftf&ireet Privatm Telephone bet. Offices Pllir.XlJRI.I'IIIA Ca I 1 pe- r-n( i inn SUW.I1 pr cent rommerclal papri ihif te six. months Gi US', per cent. New Public Utility Issues llvrUlmrB Peh " fertlflcaici nf atecU beifld an1 et T-r rilenie or in, nbieiln have U4i HIM with the 1'nbllt "nlte Conmllen ns fellow. Weit Venn Rsllnais leinpam. Plttshumh Jll'iOni) rreferred capital rtnrU I.chlch Valley Tran sit CempfJiJ. Allentown. $110 00 J of is funding and Improvement mertaat. Clean, llradferd and hatamanca ItRlhvay Company. Bradfeid. J'J24.000 In filst owl rfundln mertcaitt: Mtropeiitan i.nien I'etnpanv, hendinr s.'U ' or . re nrefprred ItecU Ptnn Pllh atlen, Johnstown, 17.10 000 flrit nnd refund Ine mnrtajun, unepanfe vniiev i;iertrl' l.laht t empam Shuen J41 000 of refund ire and Improvement mengase and l'nn hami Power Cempinv KUoel ( In 111 U0 of Improvement anil lefundlna I en(J 300 48011 000 100 101 ..00 1600 300 ,'00 500 .1000 1000 :;oe noe 100 1.1000 MOO 1300 17400 MO oerr 700 900 3400 300 300 tee 4000 6 tOO 100 2700 noe 200 JIIO '.'00 3110 oe 1100 '.'0011 GS10 ;oe 100 7'0 100 100 noe oeo 411)11 .'Oil 111 .100 :iJ5, 4 ( rucible Steel OTJi 7 Crucible Steel pf. ... R'i .. Cuban Am Sugar .... ID . . Cuban Cane Sugar. . . 10 .. Cuban Cane Sugar pf. 'it .. ra.ldseu Chemical .. 01iB 0 Delaware i: Hudsen. . 110i A Del Lack & Western. 1132 1 Deme Mines 3!i U Clectrie Storage Bat.. 144 3 Kndlcott-Jehnson .... 8'J .. Krle !a .. i:rle 1st pf 13'2 . . Krle Id pf 0 3 Famous PUiers Ii .. 81 8 Tameus Pluycrs I pt OtJi H Fisher Bedy of O pf. RS .. FIbIc Rubber 13 I'rerpert Texas . . . iH tlcneral Aspnalt . fi ll (icneral cig.ir 01 H tlcneral Kltctrlc I477H . (lenerftl Meters 51 a fl (Sen Meters rteli i"v r04 . (Joetlricli II T 37'2 . (iray Dai Is . . ' 7 Great Northern pf .'.74 4 Great North Ore ctfs. 34J .. Guantanamo Sugar .. His .. Gulf Moblle & Ner.... ! .. Gulf Mobile & Ner pf 19 '-i .. Gulf State Steel 7t4 .. Hciblrshaw Kl Cable.. 1' 3 HomestaKe Mining .. ''' . . Housten Oil 77H . . Hupp Motorcar . . . 13? . Indlahema Ref . . 3Ji Illinois Central 100J', inspiration Cen Cep . 3ft Intcth "en Cerp . 3's . Interb Cen Cerp pf . .1 Int Harvestei new . sf . Int Mer Mailne . I0'3 a Int Mer Marine pf . . 71 4 Intcrnat Motertruck . 30--1 ; let Motertruck 1st pf 7'.' . International Nickel . . f!'a ii Internal Nltkel pf . . G?4 International Paper . '1 Invincible Oil Cei p . IS'S Iren Preiluet") . . 'th . Islaml Oil . "-H lew el Te.t It Kansas Cltv Southern 'M5a Kansas ii Gulf . Js Reserve Banks' Discount Rates BaBBanmanaBi. paajM HarCrV!a,'k.i 'Hms (ifflrlal r'dlreunt rte at the twelve fed eral Ileierve llan'.i me a fellnwi Trajs I. Hi I out I Tlkr. ,tf, bund pap-r Accipr 4"J FOREIGN EXCHANGE Vp Yei It. Feb. 0 The foretell ex- rer' c-nt cumiila"ti' change marUet e)cni'd strong at nlinest i'" s"rvlej Ce'vr,-1 general gains eer tjaturdey's tinal Iig- ui i's Sterling wus up w, wltlilu Je of ihn high i word ler neailv two jears past, establlslictl at tne i lese u w ( el . The nuntatlens weie. Sldliiig ebles 4.:iU. t hei k 1,.12'j! fiaiie cnhles SMI. ihecks h.4l)'-j; llel- 14 A4M IS Fa ?s SH 103 H 337 57!s mi 37 37 k 146M y 15 4;g 9SK 70 4VA 4 37 1 i 107M 4 14 00W 33 6ft t, 04 X 29 a7j, us 130 11312 33Ji N3!', 104?4 4H?4 . 30 Ji 1 stn-5 3U 37 4 31 tla tot 106H 3.1 33 12 47 20 ?4 (0 !e 2?W i HU 464 01 118 Kj 31 ?a 37 H 33' 11F4 4S'', 1 33 14 14', 7lyj 33 a (16 Je 34 04 itlU 344 "J? is;; 10 19 U 33J4 11.1 3?i 334 74'2 s n 331 j 77 A! 01 4154 30 14 39 H flft 3 S74 MJ, ei W 13', M H 07 104 Ill's 31 3'2 82 in 10 2354 6014 110 11314 ?v 143 l4 f 14 13), 9 KOt, 94 hi t-n 00;, IIS 4M4 9 fill', 37 H!s 73W 34 H 'i Il2 77'2 14 JO 7334 13'j 3'i 10014 3S34 3'j H S.I 'j 13 'a fill!-, 30 1 72 I2S 094 .10 U'i 2SJ, -"4 121, 311, 6;, Nat Chse. J4 94 !-s "ii y "'i "Va Va V 14 ? 14 1 30 V. M. 14 . H- 11- H 337s ni- n14 87 -0U 44- 4-14U4- 7H4- U - 14 78V4 4- ? 43i ! n 37 14 r- H 109J44- 1J4 83 ys 4' '4V 4014 90H- 33 H r Ml' t- 4yj i 2?S f ss -II8J4 130 132(4 23. 's -83 C. - 104?i i- 4rt?4- 50 90!4- I - 88 Vi 3!i 2?s r 21 1 114 4 103 J 4 loin b 3$ 4 554 47 30;, 4- 07 OJs-3!44- 8?4- 11 u Wat til 4- 110(2- 3214 5J4 r 48J4 4 173 Vi 4 14' 19 b 4 3294 e.' 4- 34 4 04 i-5mi4- IH 0, f 1314 4 10 1 Va '. 32 b x 63 T 03?4- 1 '. Va s lis M 32H- 14t,i RH r (-2 -7J - 3 91 r 44;4 -2814 F 39J4 4 89 3 -8H-07 b- re st ' T 131s ! Wi- 07 104!, 1118 ! " 33b 1 6ib ! S3 10 t 10 2984 - t?4 I HOb r lt3b 3314-143b- V! I- 4 13 b 9 8014 f 9t 4 85 T 13 J I 1394 -III', -60 a, , It; . , S',4 . 1.9 -, 3 Ji-! ISb 1 73b- 31H r . 8 0 34 4 19b T 74 t 3 ' 59 , 7 I 3g 133, 3!i . 100.14- 39 I 3i r 0 8ia4 ; te 703, r 30W- 73 ; -ji : 61114 , 30 15 7b- U i Js . - 3 l.l !4 b Va Va 3 Vi ' ii ! I J. "' J41 t A bj 1'4 H w ' 'a 1 ; 34 '! t'4 I I 214 !i 2 ' I5 I ' Ji' b I 14 I !. 1 VA b 2?4 Va 1, niv, Rales in I Hurt 3600 .. Kelly-Sprlngfleld Tire. 3834 190 8 Kelly-Bpa; Tire 1 pt. flH 100 .. Kelaey Wheel 81 3000 . . Kennecett Copper . . . 384 2600 .. Kejstone T & R...... 1714 200 e Kreiffa H S HOb 100 , . Lackawanna Sttat . . . U4 100 . . Laclede Gae of St V. . 47 200 , 3 Iee Rubber Tire 38 100 3. 50 Lehigh Valley (834 100 13 Liggett & Mvera 1I0U 7 Lima Locomotive .... 98b .. Leewe Ce 114 1 Left Candy UJ4 Loese-wiiea Blecult . . 40H 400 800 tee tee 100 190 200 500 100 7 Louisville ft Nashvll!ell4J4 .. MclntyreP Mlnea H . . Malllnsen Ce lib . . Manatl Sugar 484 7 iiiannettan Klav guar. 45 100 1.J5 Manhat Shirt 43 J4 .. .iinrKet stnwy 100 .. Market St Rwy pr pf, 1000 . . Marlln Oil 7500 . . Martin Parry 180 . . Math Alkali 500 a May Eept Stores 9400 ij Mexican Petroleum ., 300 3 Miami Cenner Hi1 1 Ji H !4 H Vt Vt H lb J b! 14 1 9't I 14 I Vt Vt 334 35 Ji 33X 33 108 b 1134 38 H lb 3034 b lb 2 b Va 37 J4 Ja 49 14 Ka 38 30J4 lb 43J4 93 14 39 15 b 28 s; 800 . . New Yerk XH4 11.. 17 Ji 100 1 NpW yerk 0nt & w 21M . .wiium a; neuinern.. lib 7 Norfolk. & Western... 10034 O rnvfl. A 1 -.. " ."iii jwuericRn cirs., siejj ;i American pf ctfs... 7 Northern Pacific . . Orpheum Circuit . Otis Steel pf . Pacific Deicl Cerp... ft Pacific Gas & Klee .. 3 Pacific Oil 0 Pan-Amcr Petrel fl Pan-Amer B . . Parish & Bingham... 2 Pennsylvania R R... .. Penn Seaboard Steel. A Peeples Gas Chicago. . . Pere Marquette 3 Philadelphia Ce . . Phllllps-Jenes 2 Phillips Pet . . Plcice-Arrew Moter .. . Piercc-Arrew Met pf. . . Pierce Oil 7 Pitts Steel pf . . Pitts & West Va. ... . . Pressed Steel Car.... . Producers Refiner . . . 4 Pub Service of N .T. .. 8 Pullman . Punta Alegre Sugar. . 2 Pure Oil ft Railway Steel Spring. . Ray Cen Copper 4 Reading . . Replegle Steel .' . . Republic Ren & Steel. 7 Repub Iren & Steel nf 84 . . Renubllc Meters flu 4100 5.70 Royal Dutch N Y.... 3P4 00 .. St Leuis San Fran... 33b 100 .. st Leuis & s IV-ll it 22f. St Leuis Southwest Pf 33b Santa Cecelia Sugar. . IJs Saxen Moter 2 b Savage Arms 16b Seaboard Air Line... 3b Sears-Roebuck 64b Seneca Cep Cerp lib 5890 1.30 Middle States Cerp.., 1700 .. Mldvale Steel , 1100 .. Minn A St Leulg 1300 .. Me Kansas & Texas.. 3700 . . Me Knn & Tex pf . . . . 1000 ,. Me Knn ft Tex (wl)., 2900 .. Me Kan ft T (wl) pf, 900 .. Missouri Faclfle ...., t0O ,. Mo-Paclfle pf 1400 . Montgomery Ward .. , 80 . . Mulllns Bedv 400 .. Nat Cleak & Suit..., tee .. National Cen & Caeu. 2100 a Nat Knam ft St 300 n National Lead 300 . Nev Cen Copper 200 .. N y Air Brake 107 ft New Yerk Central 100 2,50 New Yeik Dnnk imuu tee noe 300 tee itoe 3800 300 100 200 3000 1801 1400 300 3500 300 1100 200 3,10 700 100 1000 300 600 200 300 400 400 100 4400 400 3500 400 400 1500 100 1430 tee 300 40 Ji 78 17 40t4 8J4 b 47 53 '4 154 34', 9 71 31 3334 95 ?0?i 15b 33 9 b 86 24Ji 96 28 b 79 b U7Ji 3734 3534 98 A'A 73 b 30 J4 5334 1011 tee 100 100. 700 3100 800 100 5100 2300 2000 3700 2890 NOO 100 1000 200 21109 100 200 700 500 36011 7100 .1100 2700 .74 Shell Transport 36b .. Sinclair Oil 20b 6 Southern Pacific 83b .. Southern Rail . , . . . . 1851 .. Southern Rail pf 31 J4 4 Standard Oil of Cal.. 9834 .1 Standard Oil of X .1. I8O34 7 Standard Oil of X J plltS 2 Stewait Warner Speed 39U . . Stromberg Carb 40J4 7 Studcbaker 934 7 Studebaker pf 103 .. Submarlne Beat Cerp. 434 .. Superior Oil Cerp . . Tern ter Cern & !' "A" . . Tcnn Cep & Cheni .... 3 Texas Ce Teas & Pacltlc I Tcas & Pae C & O 8J00 2 50 Texas Gulf Sulphur. . 100 .. Third Ae H00 h Tobacco Products .... 200 . . Tel St L & West ctfs B 0100 . Tranbcen Oil 170 8 Union Bag & Paper.. 37011 . Union Oil 500 10 Union Pacltlc 200 . . United Alley Steel... 100 . . I'nlied TJtUB 200 3 50 United Drutf 1st pf . . 301) 100 7400 MOO 510 8 il)0 3100 3600 4100 330 tee 13700 300 900 0300 5100 100 101) 1110 'J (III 4 I0O 101) 101) 101) 1401) 1601) 100 HUH 7111) 601) I0D 3110 I Oil III') 100 Ji 3 b 11 4334 30 b 26 b 43b SSJ4 04 b 30 10 b 68 J4 30 J i 179 38 60 45b 1341, m United Fiult . . United Rwy Invest pi 334 fl United Kttnll stout . 3b . 11 1- 1 r & vav. .. .1 U S t'll'A Fdv pf . . US Feed Pred u els . . V a Ind Alcohol. . . . . US Realty ff Imp.. ..US Rubber 8 U S Rubber 1st pr.. ..US Smelt & Ref. . . 5 U K Steel 7 U S Steel pf 2 Utah Copper . . Utah Sec . . Vanadium Cerp . . . . . Va-Car Chemical . . . , Vhadeu Inc . . Wabash . . ... . Wabash pf A 1 Weber . llellbrener Western Maryland -la CO Va 334 4414 6134 534 99b 35 874 116 b 63b 13b 33Ji 30 h Ja b 30 U I3J4 M . . WcHt Mai land 2d pt 143, . . Western Pacific . , 15;a i Westln','lieiiK R &. M . 53'4 . . Wheellnu ft L 1: . .. lb Wheeling .V L U pf . 1.H4 4 Whlte Moter 3'i . White Oil Ceip b .. Willys-Ovctland .... 3J4 . . Willys-Overland pf .. 77J4 . . Wilsen S. Ce 31b H Woelwoith F V . 133,', 4 Worthlnglen Pump . 41 b :s wrigni -eie .... 8 KiL-dlvldend, Iiw 14 ?4 3 T 38 , 16J4 ISO 34 404 47 37 Fa 8834 169b 74 lib 16J4 4834 114b 334 13 b 46 45 41b 334 40 b 3b 31b 31 107 b 114U 2b 11 37 Ji 6 14 24 !4 26 Fa. "b 4834 l'a 25J4 2834 lb 41 97 154 59 75 b 2834 17 2lb 11 14 100 35 40?i 11 Si 134 40J4 8Ja 6b 46'4 37 J4 4634 13 b Hi 8b 10b 21 33 J 2 01 30Ji 1.1b 37 b b 86 24 b 95 J4 38 19 !-i 11634 31 35J4 08 14b 13 30 b 5734 84 034 50 54 27 b 23 b 35 b IV, va 10b 3'.- 634 11 30 b 8tTi P.J4 49 '.. 9534 119 115 38Ji 40Fs 9134 103 44 334 3 b 10J4 4534 2634 25?i 4434 324 63 b 20 9Ja 68J4 10)i 178 b 37 b 69 4514 13434 33 '4 33 b 104 5ft ' H 2 b fllb 5434 9 34 35 86J4 H6b 6K 12 35 30H Ji b 30 b 12 14 8Js 1?4 15'i 33 flJi 1334 3914 9 514 2i J, 33 137Ji 47 b a 1:30 1 M. Net Chte. 88X-1- H 44-l?4 1-1 J8b- 54 17 b 4- '4 130b 4- 1 464 4- 54 I 4- 1 18 4- 54 84- 54 160b 4- 54 Mb 4- 154 1134.4- 54 un - Va 4034 .. 114J44- 5-i 34 lb- ?4 4 H 45 4Ui H 334 48J44- 34 23H4- 54 33i I- ' 35 108b t- 154 11534 4- H 2634 I- 54 11544- 54 3034 -r 94 6b 4- b lb .. 254- Ji 54- b 27 4- 54 1754 - 34 4834 4- b 14b4- 54 26 4- 54 30 b4- 354 lb .- 42J44- 1J4 NEW HIGH MADE BY AMERICAN STORES Edge Taken Off the Trading in Rapid Transit and U. C. I. 82 4- 14? . 59 4" 75 b 2834- 11544- 21 b 4- 11J4- 100 - 53 b ! 40Ji4" f- 48J4-' 8Ji- 64 J4 4- 40Ji J- ssji 41 4 154 4- 334- i9b 4- 31 4-3354- 95 -r 30J1 . 13 Ja . 33 - 54 . 80 4 24 b 4- 96 4- 38 b- "54 117 4 si 33 b 98 14b . 13 b 30 b 33 b 4 84 654 5t 4- 34 "k 54 54 54 54 14 Va Va 1 lb b 34 b 34 V, Va Va Va Va V, 22b 4- 35 b 4- l'a- 3b 16b 4 3b t 11 -30 b T 20b 4-81Ji-18 b 33J4 96 4- 18034 4- 113 29 4-40Ji4- 3J44- lb 101 - 3 434 - 5i 54- 3b 11 4534f 2?4r 20 4 45 b r- b H 154 54 b Ji 54 "iJ4 1 4 b 34 63b . 30 4- 10b-r 68 J4 20 b I- 178 Ji -28 69 45J4- 134J4 -3734-33J-, 4 2754 I 80 b i 5 -44b-154 i- 55544 8 34 . 35 7 Vt . "b f 63J,- 13 4- 35344- 30H- e.b , 6 b 4 7014 1314 H34 4 l5Ja- 3354-1. 7!a . t33 : 30 J. i 9 -3 b x; 13'JJi 'b . 8 Trading was breed nnd active In the local market, with interest shifting irem the utility group te ether leader ship. The-action taken by the bank Ine Interests In sunnertlnr the contest ing forces apparently took the edge off the trading in Philadelphia Rapid Transit. There was evidently nultc' a geed deal of profit-taking by .these who had bought nt the lower prices, ana wHIrh forced n reaction te 22,4. which compared with the high mark of 2401 en Saturday. The street Is watching the develop ments with intense interest and waiting the next move of the two contesting interests. Opinion was about equally divided ns te the outcome, inasmuch ns the supporters of both sides of the con troversy are confident of winning the fight. There wcre new developments to te day and matter has virtually simmered down te n quiet fight for proxies. Ne effort was made te resume the forward swing in the U. O. I. issues and the trading in these shares was en a small t,calc. Small profit-taking sales caused the common te react te 40Vfci but the preferred was firm nt 02. On the ether hand, vigorous buying appeared in the American Stores stocks, with the common registering n new rec ord quotation at 05 a net advance of 2Vi points, while the first preferred advanced ever It points te 120. Lake Superior also was In mere active de mand, crossing 1), with one block of BOO shares changing hands at that figure. This was a new high for the year and with! na point of the 1021 top price. The movement was without definite ex planation, but wns apparently influ enced by the intimations of mere pro gressive policies being adopted by the management. Trading in the Philadelphia Klcctrlc issues continued fairly active, the pre ferred warrants selling nt 2. The common traded without warrants which tnmc off the stock todev brought 2.TJ8 J ).nlcs for cash were made a point above that price. The preferred held nt 28. Klcctilc Sterage Battery, en dribbling realizing sales lest 1,& points at 142 Vi. Pennsylvania Railroad made a new figure et VA. One block of 1000 shares was taken nt 34',. Lehigh Navigation leninlncd firm nt 00. Philadelphia Stocks 1:13 Net High Lew P. M. fchge. 7.V1 Am Stoics ." Vi 01 05 2 .'170 de 1st pf. 120 122 123Vi2-7i 233 Bank X A war w 1. uOVi H8 08 . . ' 40Bad Lec.102 102 102 2V& 20tCornPred.l04Ts 104T& 104TA Vi 130 Elcc Ster.141 142i 142i lVi 10 Frnnk'tl & , Seuthwk.21S 21 S 21 8 .. 30 In Ce X A 31 31 31 . . , l.TfOLnkc Sup. O's 8-1i II 300I.eh Xnv.. C0i 00',i CO'i.. lOOfX Y X II & H . .. 17 Vi 17U 17U Vi 10 Penn Cent Light pf. no no 1144 1'cnnn 111134 34 10 Pcnnn Salt 70 70 100 Fhlln & W 7 7 125 Phil Ce c pt 37 30?i 458 Plilla Elcc 24 24 HM) de pre!.. -' us 380 de war wi 2Vi 18 de ex-war 21 1135 l'hlla It T 23 Vj tiirJ l.T t . , -ini icrce-iir J.-,s i30Tone llel. lOOTone Min. 105 V G I.... 710 de pref.. 0 Yerk Kwy. 12 de pref. . Jib I'-- 41 52 12 31 217's 22 Vi 15 1C 1 40 4 52 12 50 -f-1 34 Vi.. 70 .. 7'i Vi 37V& r, St e y i!2 15S s 1 "... 1 ' . . IOKj 1.'. 52 . 12 .. 33 .. Ja 34 Ji 34 54 I bl Jsl 314 ' 2 b b bl b Ji 34 b Va Va U4 It 5V recommend and offer, eubject te prier eale afe'lSAA AAA , fOW,WW ( Government of the Argentine Natien 2-Year 7 treasury Geld Notes Du October 1, 1923 i At market, te net approximately 8.30 Recently published figures show a total of approxi mately 1463,000,000 geld held, against notes in circulation, representing a ratio of about 80, and indicating that Argentine currency is one of the soundest in the world. During the European War a total pf $73,500,000 Argen tine Government Notes bearing net ever Q interest were sold in the United States, and all were promptly paid at maturity. The area of Republic is approximately 1,100,000 square miles, exceeding ene-thit'd that of continental United States, exclusive of Alaska; the national wealth is calculated at ever $18,800,000,000. Inasmuch as many short-term securities net only from 5 te 6H, we suggest that individuals and institutions who for particular reasons desire short-term obligations consider the advisability of exchanging some of their present holdings for Government of The Argentine Natien 1 Treasury Geld Notes, due October 1, 1025. WLLON, READ & CO. 1421 Chestnut St. Philadelphia , Chicnge Bosten New Yerk T Helslars of-Certificates of Deposit for First and Refunding Mortgage Fire Par Cant. Geld Bends of The Denver and Rie Grande Railroad Company issued under the Deposit Agreement dated May 28, 1917, between the Helders of said Bends end the Committee therein named) NOTICE Is hereby given hit a Plan and Agreement dated January 77. 122. l for the reercaniaatisn of THE DENVER AND RIO GRN'DE RAILROAD COMPANY has been propeted by The Western Pacific Railroad Corporation ta the undersigned Committee, snd lias betn sppreted and adopted by the C'nmmll. tre. and that a copy of said Plan and Agreement of Henreamrltien his brn fi'H with Bankers Trust Company, Dtpeiitary under said Depci't Agreement, st it. office, Ne. 16 Wall Street, in the Borough of Manhattan, in the City of Nw Yerk. The Committee recommends the scceptanc of said PIsn and Agrtarnent of Reorganisatien by the holders of said Certificates of Deposit. Each holder of a Certificate of Deposit luiied under said Depeiit Agree meat shall be conclusively presnmed te have atiented te laid Plan and Agreement of Keorganiutien unless he , shall, within thirty days alter thr first publication e( this notice, that is te say, en or before the firit dsy of March. 122, have fid with the said Banlcets Trust Company, Depositary, written notice of his dinent therefrem, specifying therein the dsts or dates and the number or number of ths Certificates of Deposit held by him. In caae the Plan and Agreement of Reorganisatien shall beem erTeelire aa provided hr Article Ninth el the Deposit Agreement, any holder of a Certificate et Deposit who shsll have filed notice of diaient aa above provided may, within ten (10) days from the first day of March, 1922, withdraw his bends (rem deposit under said Deposit Agreement in Ihe manner provided in Article Ninth thereof, upon payment of such smeunt as the Committee in its ab salute dilcretien may fix as his proportion nf the compensation and expemea of tht Committee, net exceeding one per cent, of the face amount of ths bands repruented by kis Certificate of Deposit. Dated, New Yerk, January 30th, 1)22. JOHN HENRY HAMMOND, BERTRAM CUTLER, Ch,,r,,l" CHARLES HAYDEN! ANDREW J. MILLER, 9. W. JONES. Secretary. FREDERICK STRAUSS, M Wall St., New Yerk City. MCLVIN A. TRAYLOr! Committee. MI11III1!BI 15 V2 $175,000 HOME BURNS LONDON STOCK MARKET E. B. Grlffenberg Rescued Frem, Trade Sickbed in Lenape, Pa., Residence WiliniiiEteii. Del.. Feb. 0. The rcsi- u"' ilcnt-c of I'. II. GrlfTenlii'iK, nt T.cnape, Pii , i le( te the D'lnttnM" line, wns destrejeil by fire of iintletciinlncij origin jcsleiduy. Mr. Oriffenberit, who is -Dellar Shows Mere Snap Descriptions Dull lioniien, Felt. 0. Tlieie uns ineic Miap ie the trading In Becurillcs en the Meck cxehnnge senernlly tednv. The markets in the main were cheerful. Oil nhnns were strong, fellow inj ihc com pletion of feiccd liquidation. !enl 1'iiirii wns J.. blicll Trnnmeir nnd Sc Company 1422 S. Pa Square, Pkila. Bos'en I's Neiv Verk 4W inilladflphlA 4'a Clrilanil ' RlchmenJ " Atlanta ' 4'. 4', 4'j 4' r, s . . . .... I... I. . L ill. I..... , ., 2ian raupi tM. iii'i-ni e.n. mt- - .. . . itni...i... . . i . i ".sSloeIi.bein ill U reued with sreat I W',7 M 4 Ud M""- E idipikt 10 .Vi. riniiish t-uble-a rJ'-':' idlfficutly. fhp.U JII.J10. etwny i a J es ni.iti. Qf ,,, ,hr(,e enplnt,M M., fl0m ()lI, net km ii.,.;..; n ii.ru -". ;-- pltv nlui Went Clicster te light the blaze rhi'iks '.'.i.O; siiilder rablcH ,.,..-.!, . ... , . . s f" is i '"eeKi... ji; mai i .-i.'vj. i stalled in rends made impassable by Minr.sapui.. ;. ;. ; r, The pjeniiiim en -Ncw ..V'1"'1 j Snow and mud. Efferts of a buekct blulV - : :: t. Men,rpnl ,0!,'!v V' Vr, ..." n, lifn lbriKi.de te i,nvc the huge dwelling w.-re HanVranr., i '. -, , poi out Ti... illsfeiiiir . '' (ut,P, but muea 0f the fi.iiiit.ire. vnl- 'funds in New uik teduy wus I J"-lu!ucd nt ijGOIOOO, wus wived. The less U.S. Certificates and Treasury Notes '1el 'cn, h estimated te be $170,000. im M..,in, I SATl'IIDAl i CUBING OL'trni'lO.NS Hal Dal Mch . lOiJ S. PATTON & CO. D CHESTNUT 8T8. BANKERS Hasceasera Ie AIXKR M BTEVKMON bTa Pklln. HneU ExrJia n ta . lti-'J in.'.' llu'.' 1II2J in:'.' ll'.,., ni'.-j in ': ie j j lfl.M , 111 .'4. inu Hid AiKrt TleM i ,1'jj ... .,..,. r.inn I. r ClUll'ITS 100 1-IH lOO.I.j' .1 .-.n'ni.mi.n.l 4..IJ4. S llh'j 4 Ox 37. -A me.iaj ieiid.ui i viicibiHS 4 :u H'M 4 tis'j a7.. 'mi Voei3J' 'Ui TODU'S OPENING QL'OrATIONS 10(1 1.V.1J ion in.,12 3 hi , rumen I I l-i's H Jli'a 4 S . 37 .ii 1O0 21.1.' 100 2,1 3j 3, ', tables 4 3-l H.4I I ilS'i Ji-'( I no a-1 n inn, ',.tu :i iij 10(1 21.3J 101(25.32 3 iii ' -u,-..r Bllrrl tnni. inn. 4 nf Charters riieu inj 11 in inj, ,u 1,1 10 lnij 1 fift f.10 rti I "V II- 'l I 11)1 tftfs'tf tan NtiiMD A 1 eniurtc ; nawiiivu nb nvtiiA? tV.n uiri nism ... 'WAP" IJWaaaMiW l"0 A V.Wi MILW. CO. , tTWaaWnala t'.l Mch f.1. .Mih B Mch . t'4' Apr ' t4' Jun I t'SH .turn I 'BH Au I .4'j Spl 1.VJ f-fpt I t4 Uee tB Jtini- t.,'.ii Sept 1 II c Viemnt from Ked.rnj norms! Incnm u, tAcceptama iep pamni or income ux clue en luta of maturlu SHARK KILLS SWIMMER Daring Rescue at Australian Resort Cemes Toe Late T guiden, l'eb. fl. Wlille swimming In flic sen nt Congee, a Heasidn resort near Sidney. Australia, .niciinci uegniiin RAILROAD EARNINGS Mpssi3a v 'VWi CA N A D I A N IM C I n ( . lJJ reurlh wrsk Junuary, (3,nn2,00A from January 1.,.. 1 1, ( 11(1,000 IMl.nnn 3.1I3.UO0 X " Ilmri-, llrl.. Peli ' ChBrlrrt flla.l ic.iliv ( , (.jglc,,,, Cnr8, wus nttiitked by Kcvereu, niji 4iv uii'"-" ..um Sydney. ,,., A returned fceidler, Jack Glialiners, aw am te tin) rescue and drngsed Cogh Cegh lau from the fdiark's Jnwu. Kjc-wit-ucs&ci asalblcd Ceslilnu te the Hbert. hut he died en the beach In view et thousands of. horrified S4cUUis. I llnha.t V'.n..riftrh II JI-THPV Ills Jiur n imkli'v, J'csrl er N, Y. Ited 1r.tlle Coriiurallen. Jl.fKiO.nnii inaniirfjr tin a tcxtil khjiI A W. Urillnn. H II lluwanl Itelxrl K Tlnal' Nuw nr!. Maadalena i-Hnyumla till Ileitis 1 orpora erpora orpera tlon. 1, 0011,1101). ilcul' In ni-1 prnOuoe oil and '! nredutts, M. U Ileera, 1 A. Irwin, W. O. Hlniicr. Wilmington. Dal. Barre P- trnlaum ferpnrntmn, from l.',uuu,00U, .Niv lurk. 13,011(1,110(1 tu :i 1:1-10 Although the btilke of the nilueis en the Hand continues iu efft'L't, the kitffir group was steady, but it wus neglected. iiiuiisirinis aise were quiet, but tiiei UAffl ItnH.lAf. ITtlflllAfl'n lln.. .. ... P-T "-- ..,... ...lunuu 1. i,uv nU iJjN. The iiibbcr depnrtment was feuture less, with a tendency te recede. Seme home rails displayed strength, but there was n disposition ie nwalt the outenme of the proposal te amal gamate the Midland nnd Northwestern system. Dellar descriptions were dull but unchanged. Light profiting oc curred in Argentine mils. The gilt-edged bectlen wns liregulnr but firm as a rule. French leans were quiet but well malntiilned. Raw Sugar Market Steady Niw Yerk, i'eb l - Ihern van a nieedy lone In the raw Kumar marlirt at the Uei'. 'r trtlay. and evlder.ca nf cle, mreat In nfferlnas of Tubas, cither nw or old rrens l.at .Saturday a cal of it.noe Imirs of new crops, prmilt alilpment, n nimte te on-r-aters at 'J 8-B2 cents, cost and fralBlit. UaVla, 0(1 lU'arnc. Old cren Cubaa ara Arm at 2Ae rrat i'nd frelaht. importmlena of ra-.s lati, Huturday were 4).O0O bags Cubaa te Hewsll. Tha refkned marfcat anarany.fa nulit. and quotallnes opanae nominal at I Ie ,10 cents, "M ' V&&& ?Ste&atMei aJ tNet changn mnde 1- cemnarlsnn with at sale en New Yerk Stock Exchange. rillLADKU'llIA 1IONDS 1000 Liberty Int K'js M7 O.'.L'O 200 Liberty 1st 4'4s '-17 00.14 itflOO Liberty 2tl 4V,h 4L '00.01 1000 Liberty IM 4'is ' 12 00.02 4500 Liberty 4th 4' is '88 90.14 200 Liberty 4tli 4s ':18 00.18 1 100 Liberty 4th 4,s '88 00.10 100 Uverty 4th 4Vi s '(18 110.02 100 Victory 4',s '2I1 100.08 1000 Atner (ins & Electric ."is. SO 200 Electric A: People's 4s. .. 0.1 2000 Electric & People's 4s. .. Ill ."000 Lnkc Superior lnc ."c. . . . I!.", .".OOO Philn Electric 1st .'-..lets OK ."00 Phllu Elcctiic 1st Tu 0Sf. 210(H) Phlla Electric (!s lets 102's BANK CLEARINGS tlnnl. I'ienrlnc today, cemnred iih rnr. rospendliiB ilnv Inal two M-arm 11122 11121 1020 Phita... iss.non.eon $fifl.787.nvi jns.otie.sn: Rosten.. :in.oea,oon 3.1,1 in,n23 .v.'.av.'.m.' N. Y... 8 1 1,200.000 424, 708,378 517. 7.TJ, HO Paris Bourse Steady rnrla. IVb. C Prices were atrsdv nn ili Deurs" today. 'Ihree ir cent ri-ntm, "7f I Pftc, Kxohange en Londen, Mf 41c y I pnr cent man, ,sr Ujc. Tne dollar a quoted nt llf S7c NAB ALLEGED ROBBER GANG, Four Youths Arrested in Atlantic City One Frem Chester Atlantic Oily, Peb. fl. Shern police believe they liau solved the numerous rtibbcrles which linie occurred here during the liifet two winks, win, t10 nrrest here this 11101 ning of Edward Mullen, twenty -oiie jenis eld: Jesse Scartluece, nineteen: .fnsppli .Munny, iiinetcrn. nnd Wllll.uii Ilucen, twvutv twvutv Iwe. All of the men ettcpt Uncoil, wlie gave his nddies ns Chester, Pn.. have been nncstfd icpeatedij. according te the police. The gang of which Mullen Is the reputed lendci, wns rounded up by De tective Thorpe, who sajs Mullen at tempted Ie dlspuse of ai tides stolen from a local drug i-teip te 11 jcvicler nnd belted when he sensi'd that the jeweler was suspicious. With this clue Mullen was liacetl te 11 room In n smnll St. .Tnincs Plucc hotel wnere u qunulity of the loot wns diceeird. Secreting tlicinsdve in a deset, the detectives weie wailing fm Mullen te return te the 1 00111, only te find when he did nppc.11 that some one had nl'tl enlcied tim lenm by means of 11 Hie' escape and innde uwny with the loot while they were hiding. Mullen nnd Scnnlucte, together wifli a girl pnl. weie implicated in the rob reb bery of n jewelry stoie Iut summer, CAN'T FIND MEXICAN REBELS Leader Who Started Revelt Believed Safe in Mountains Mexico City, Feb. 0. Pe.lcrnl tioeps under General Gundnlupe Snnehe. hnve been unable te lecnte the band led bv Clcneral Miguel Alemati, who n weeit nge reveltel in the Stnte of Vein rrnr. according te a statement bv the War Office. Alvmiin, wlie is said te hnve gained r-onie adherents since ie started the rebellion, has declined combat with the I cdernl forces nnd is in npnnreiii wfety in the mountains near Santiage Tustla. i.Tfe Var.Pmrp "I10"" ""! revolu revelu revolu UenlfU te the number of 200, under . 1 1 -""""in. 111 ine wtate ipl Miclieacan, hqy been dispersed, E. H. ROLLINS & SONS FOCNOUD 1B70 INVESTMENT BONDS Announce the opening of their new offices en the 7th fleer of the Merris Building 1421 Chestnut St. Bell Phene, Locust 7300 MiMMiMMriiiiiiiire Tax-free in Pennsylvania Free of all Federal Income Taxes Beaver County, Penna. . Read Improvement 44 Bends Maturities 1926-1944 Prices te Yield 4.25 ELKINS, MORRIS & CO. LAND TITLE BLDG., PHILA., TA. Members New Yerk and Philadelphia Steik Exchanges Bank of North America Rights te Subscribe If purchased at present prices will yield OVER 6 We Solicit' Inquiries BARNES & LOFLAND 147 Seuth 4th Street Philadelphia Telepheaa l-enilmril i',X ' Hathaway, Stene, Wallace 8C Williams, Inc. ENGINEERS MANAGERS 1713 Samem Street, Philadelphia SPRUCli 78J7 Operating Management of Industrial Enterprises Industrial and Technical Investigations and Reports AUTOMOBILE INSURANCE StOckwell ' CERTIFIED PUSUC Wilien & mmm Linyill .UriTstklU,! m U .1 I tA i;cv.iAi, ;..& I r, aVasaaaBBBasBSBSBaaBsaasa l' if !- 'fj'wfi. . li i m mmmm wmA . '.. aL . r. -. Af 'iVi 1 ta.'tts.Kr.'irtj M,lt:iifj&j flCM .'-.& V-tow yw1 i'iu.U - '3&$&teMMSb& ii J'.ttttu vis.'a s.;.rt .a.i- ClJJ C".l 'J v. .
Significant historical Pennsylvania newspapers