i&rwrv WV&K f - t TVV " ' U., PS 2ft )3K 1 ') Own i 0ert &Rva&'7: 'Commonwealth Mir 0 r,r . h '7A.t el' , f' Pennsylvania i 5 TAWf rtr 5 Benrfa , ee mi & Free from Pennsylvania 'Personal Property Tax. Exempt from all,. Fed. -Pf, . . I 1 S(U SIIbUIUB iai fi'ti' Details tfoen J2ecTue , Pt' 1fct National City Cemp sir HnadelpMa 1417 .Chestnut SI. Atlantic City ChaHent Bleck ', 1223 Boardwalk It la i fTThe Invester ( and the Income Tax" BeW does the ReVe a Act of 1921 differ from the prevleui Actf Wfcat exceptions are there te the rule that looses in stock and bends are deductible? What is "fair market" valuer What about securidea acquired by gift or bauest? What la a liquidation fcridendl AM 'cash dhridendi. Mac dividends, scrip certificate. , ngnca caxaeief Hew are gains and losses figured a abort sales! S'S'RUSKAY & Ce. S EstMlihed 1877 ssaelsss CWjNJii 1 J Sax ExehmueN. T, IMS Walaut St. Philadelphia mono loom liOJ Vbe System a Ail Ofita Our February List of Investment sugges tions contains ever 165 issues of high-grade bends carefully select Ftd te meet the indi vidual requirements of conservative investors and institutions Ylaldint; 4 te 8 Aak.fer Circular F-ll Harris, Ferbes & Ce Pin St., Cor. William NEW YORK PHILADELPHIA OFFICE WldcnereaJdg. Telephone Spruce 7040 -V 1 WE OWN AND 1 ..OFFER' j Penna.' It It 5s ' Penna.' R. R. 6V2s Penna. R. R. 7s t JWlDINM BLM.PHIUMimiA i MmUaPfuhdMLhaMd tkulMeSledtlMctm aswream luuarrx.MJ. ft Conservatism Our Aim We execute orders en a. commission basis in listed securities. . RODNEY & CO. Membcn Philadelphia Stock Exchansa Nw Yerk Cens. Stock Ezcbantrs 203204 Bellcvue Court Bide. F, A. Htnry Epruee esit-S JWtfent Partner Xaea H14-I ft le Strawbridge & Clothier 1st Mortgage 6a, 1942 MORLEY, WOOD & CO. 333 Chestnut Street Ufamkara N. . Si t'tilla. Hieek Etcb'a. Orttart Executed for Cask or ea CaMOTatiYcTMargimaJ Basis McGLINN & CO. MMtt iV. v. Sie(k Fxthant , 3fr WIdener Bid. riff KS.1 Sfi !& m "ft ,?IWWH,U kV, 2JJBC-)jJ- RAILROADS TURNED MARKET UP AGAIN Yesterday's Demonstration Pre- veked Liberal Realizing Safes In the Industrials New Yerk, Feb. 10. Tlie rlemenstra- 'Ien ajrplnrt the short Interest- In the 'ite trading yesterday was net, resumed t the opening in today's stock mnrket. Itheugh anrae of the clwely held peel 'sues , rondo mine. These advances pre quickly lest in a general renctfen vhlch atartecl before the end of the flint 'Htren minute.. A general melting of Ices followed under the combined rciKure of liberal realizing mlcu and "ph bearish, operations, but before the "nctienary movement gained any con- t'lerable momentum another forward vlng was started in the rails which In- Menccd a mmn'ete rcverwil of the mar- lect trend. This, in turn, waa nartly I eunterbalanccd by the disappointing 'ecrease rcnerted by the United States Steel Corporation In the unfilled tonnage for the month of January. The Incentive for the ral demonstra tion was supplied In the Washington advices concerning the conference in Administration circles for devising mm ns of ph'lns relief te the railroads without expenditure of fundi from the Treasury. The flnnnclal community wan strongly Impressed with Secretary Hoever's suggestion, that n Government -uarnntee of the railroad equipment ertlficatcs be given, which would net nly make them attractive te Investors, 'mt weu'd also enable the reads te raise nnney for the much-needed rolling tock. Instead of concentrating effort In the lowcr-prlce issues the real leadership us taken up by the dividend-paying nilread shares, with especial buoyancy n the Pacific nnd transcontinental , sues. The entire rail division, how hew ver, responded and before midday the the reup registered gains from small frac frac ens te mere than 2 points, In a number f Instance establishing new highs for he current movement nnd for the year. In the meantime the movement of he Industrials was qulte mixed be nuc of the conflicting opinion as te he real motive behind yesterday's dem onstration of strength In the lntc deal ings. It was generally agreed -it was argely brought about bv the clever maneuvers of nn active fleer operator ami in some quarters was regarded ns a pre-arranged concerted drive against bucket-shop interests under examina tion. Because of its recognized arti ficial character there was naturally a tendency te proceed cautiously during the rarl'er operations until the market position had been sounded. There were onto who were of the belief the last 'nd net been heard rf the se'dicr bonus bill as n market factor notwithstanding 'lia.rman Fenincy's mere enceurAging cmarks regarding the stock-transaction tax. United States Steel reacted a point oeferu meeting with mere than mod erate support. Mexican Petroleum, N"ew Yerk Air Brake, Cern Products, Goedrich, American Tobacco and Fam ous Players common and preferred were 1 te 1 celnts under yesterday's finals. OUR 64.i tax booklet ant. wers that and many ether perplexing a qureticml con fronting te In vesteri It also contain a surtax tabla and a handy form fbt Utilna profit and lev at en securities. Cem fumbhti en rajuuf. "Alwejl Without Obligation" Southern Hallwny preferred was out of line with outer rails, snowing occa sional pressure, ns against the stenrgth of Seaboard Air Line preferred, Pcre Marquette prefcred nnd Minneapolis and St. Leuis. Cast Iren Pipe common and preferred were the only specialties te extent! tneir auvance. Meters, equip ments and coppers forfeited fractions In the brief reacting movement. Buying of Influential railroad stocks Ilke Atchison, Great Northern pre ferred, Northern Pnclfic, Norfolk & Western, Reading, Southern Pacific anil Union Pacific which improved 1 te 2 .joints provided n stimulating influence or n time, but the entire mnrket weak ened en the publication of the United States Steel tonnage report showing n decrease of 20,7150 tens, whereas an in crease had been qulte generally ex pected. Liberal offerings of the steels, equipments. American Sugar, American Sumatra Tobacco, People's Gas nnd iJeneral Asphalt depressed them 1 te 1 below yesterday's final figures. Subse quently the mnrket again moved forward under the leadership of Mexican Petre leum. fresh wave of prefit-taklns was encountered in the Inst hour, which was provoked by reason of the double holi day following tomorrow's short session. This produced irregularity in the final price movement nnd cancelatien of a large part of the earlier improvement. I GRAIN MARKET Wheat May ) July Corn Cern Mas .......... July ......;... Oats MAy .......... luly HiTh 1.3:4 1.1SS lyiw Jle-.4 l.K J.Sia. 1.164 1.17. 1.2V 1.134 B7i 00 30'. 41H r.ei c.- 4IK 42U 571 00 E9T4 414 804 OH. 40i 41H Pork Perk May .... l3rd May 10.85 July ..10.67 .May n.OT July 10 25 10.00 10. 82 11.02 10 0S 10.87 10.80 11.02 10.25 10 3.1 (1.07 10.23 10.23 10 35 COTTON MARKET Prey. Cleso Often Mar.. 17.02 111.1(0 May.. 10.73 10.03 July.. 10.20 10.21 Oct... 13.7.1 13.(17 Dee... 13 05 13.37 Tllah Iew CI019 17. IS lfl.SO 17.120 IS 111. Hll 1(1 S7 10.h284 10.43 111.111 10.41 41 4.! 1A.H4 15.00 1S.N2GI84 13.78 13.36 15.78 Spot. 17.40. LlTcrpecl. Teb. 10. Spot cotton was quiet today with pries eaeter en the basis of e. prcllr.e of 17 velnta for mmdlln. at R.74d. The sales were auuu unr. xt.c icvnivm .vere 1000 bales, none cf them American. Kutuiss vre deady. but lower In the early lallnss apet rrlces were: American, mid. lllni fair ll.B2d; aoed mlddllns, 10.2SA: fully middling. 9.82d: middling, 0.47li low inlddllnn, 8.37(1; geed ordinary, 7.32U, anil ordinary. 0.07(1 NEW YORK COFFEE MARKET Open rob... .... Men.. 8.0 Hljh fe'.37 &'.e3 s!si e!0 s.'co Lew Cleso Tea, close .... ts.ast .. it.na 8.40 S.4fl47 S.02 .... t8.48 8.01 8.30 K.m3sn h no .... tS.BO 8.(14 8 50 8.30(951 8.(14 .... 18.31 8.(14 8.(13 8.52(754 8.1.-, .... ts.r,2 s.rt-i 8.53 18.53 8.C4 April May, 6.00 3 05 8.'38 June., July. ' Aui.. Sept.. Oct... Dec... Jan.. ' IllJ. 8.57058 8.3.-. , . TNemlnal, FOREIGN EXCHANGE New Yerk, Feb. 10. There wan a steady tone in the foreign exchange market at the opening this morning, nnd most of the leading exchanges were slightly in advance of the closing quota tions of last night. In the early afternoon, exchange was Irregular, sterling dropping J4. cent be low the opening, while francs and lire made seme advance. Sterling cnb!u were quoted at 4.35,h, demand 4.8-1 ; franc cables 6. CI, checks 8. GO; lire ables 4.02, checks 4.01 tj ; peseta ablt's 10.75, checks 1G.73 ; guilder ables 37.28. checks 37.23 ; marks .GO-ft. Central European exchanges were Irregular. Quotations were: Greek 4.58; Rumanian .814: Bulgarian .71; Polish .032; Czecho-Slevaklan 1.80; Serbian 1.33; Finnish 2.02; Austrian .03. The rate et premium lu Montreal tednv en New Yerk funds was un changed at 4 per cent. The rate of discount In New Yerk today en Cana dian funds was 4 G-10 per cent. TODAY'H OPK.VINO QUOTATIONS sterling; Francs Lire Guilders Demand 4,854 8.38 4.914 37.27 Cable ...... .e e.ini i.ua JJ7.S2 CLOSINO QUOTATION'S Bterllnic Franca Lira OulMera ! 1 Saas1.::::: mi-Wlv W-S-fcia EVENING PUBIO BBDOBPHilkSMiHIA 3t NEW YORK STOCK EXCHANGE TIMlNSACTIONS T!w. Teflaya 2it Hales In i nish . MM Lew ClOS iJPSJw. stea Mft- W S6M 14 . Anwnsi cxprrcw . . , Advance Rumely pf . . . 4 Air Reduction ...,,.'. Ajax Rubber i 86k 1M 1M lOt 8S9 100 iltl let M et eet Mt 100 10M tot OW 40t 80t 90 Sit JI90 set 410 S700 99t 1810 800 4410 tot 100 300 810 300 tee 3ien 4100 600 18100 100 1510 1S00 2 109 3.10 1300 ZOO 790 400 2301 12)0 tee 2411 500 100 100 100 810 100 200 201)1 30J 20 10 210 100 700 0200 103 13 100 200 210 400 100 200 100 eoe 230 200 700 G10 400 3010 200 100 7610 2100 100 11)0 700 100 10310 1810 2209 400 1600 100 1710 ltt H Mft 143 44ft tM 33 ft 81ft 88ft 88 189 37 .47 ".B 14 '84 78 4194 H Sift 80 I06H 11414 8ft 8ft 46ft 80 119ft 33 66 4 ?4, 4ft 117ft 133 180 8 S3 W 104 ft Mft 13 ft 47ft lft 76 r.7 86 ft 1ft 88 3 26 14 4ft 102ft 107 38 K 83 ft SO 88 PSft 03 108ft 0ft 22M Uft H 116ft 63ft- 16 wit- 18S - t 88 H S4ft- 88ft- 88 - 181 S7J4- tSft 147 - t - H 6 - 14 .CSft- M - 78 -f. 4m- MM , Alaska Geld Mlnea N Alaska Junea O M... 94 4 Allied Cham aft Dye... SSJft 1 Allied Chem aft Dye ptltS 4 AlllvChalmera 4fU 7 Allls-Chnlmers pf ... H .. Am Agrle Chem ..... UK .. Am Beet Sujar .... 33 .. Arrr Besch Magneto.. SfK 4 Am R Shee Fdy new. . 31 4 1 Am B Shee F pf new. 10 J . . Am Can ,.,........, 37 n 1 Am Can pf ttU It Am Car ft Fdy 147 U .. Am Chlole .......... In . . Am Cotten Oil 91 . . Am Drug Syn ...... t .. Am Hide A Leather.. 14J4. . . Am Hide ft Leather, pf H V Am Xce ........ t4 t Am Ice pf 70 tVA H SIM 47 J4 "8 i 114H m 43H Am Internat Cerp... 1 Am-La France Eng. Am Linseed . Am Linseed pf t Am Locomotive 7 Am Locomotive pf . . . . Am Safety Razor. . . .. Am Ship & Cem .. Am Smelt 1 Am Smelt Df 8H- 31ft .. 87 - ins4- 1144 4- 8ft- 8H .. 4ft- 81 118ft- tl 13 Am Snuff 1184 8 Am Stret Foundries.. tt . . Am Sugar Ref 67 H 7 Am Sugar Ref pf 88 H .. Am Sumatra 7S4 7 Am Sumatra Teb pf . . 84J4 0 Am Tel ft Tel 118ft 13 Am Tobacco 188 IS Am Tobscce B 131H . . Am Waterworks 8 .. Am Waterwks 6 pf, 23 1 Am Wnelrn B3K 7 Am Woolen pf 104 .. Am Writing Paper pt. ISH .. Am Z'ne Lead & Smlt 1 .. Anaconda Copper .... 47;& 4 Apse Dry (feeds 8JJ4 0 Aese Dry Goods 1st pf '0 6 Atch Tep & Santa Fe. 88 5 Atch Tep ft S F pf. .. SO'a . All InntaBlr ft Atlantic 1ft 7 Atlantic Coast Line.. 88 .. Atlantic Fruit 3 .. Atl Gulf ft W I S S.. M .. Austin Nicholas 14 . Aute Sales Cerp. ... 4 Ji 7 Baldwin Locomotive .104Ji 7 Baldwin Loce pf 107 .. Baltimore & Ohie .... 36 ft 4 Raltlmere ft Ohie pt.. M 7 Bernett Lcnthcr pf. .. 00 fl Bethlehem Steel .... S4 6 Bethlehem Steel B. . f 7 Bethlehem Steel 7.. 03 8 Bethlehem Steel 8 pflOSft .. British Km Stecl . Oft .. Brit Em Steel 2d pf.. 23K .. Brklyn Rapid Transit 1 ft . . Brklyn R T ctfs of dep 9 .. Bums Bres A 110ft .. Bums Brea B 3tft .-.2 -66 -85 244- 84 ft-"7ft-133 -130 - 8 -23 83ft-104ft-28ft-13Hf 47ft- lft 70 7ft 84ft lft 88 3 26ft 14 - 4ft- 103ft- 107 4- 38ft- 83H SO 85 -f.3ft- 03 108ft . 8ft- 22M -f "ft-. 9ft 116ft- "ft 81M 7SX 5 Sift 11 6ft 71ft 48 Sflfi 88ft 120 18 ft 3ft .2J4 66 raft C4ft 87 ft 2H 8ft 13 ft 64 17 104 J3ft 67 tPeft Cft raft 78. 1(1 2.1 78 3ft 44-H 41ft CSft 1M 6ft 03. 18?i 48 SO 13 52 W 67 102 ft 114 34ft 01ft 80 H 189 HO 0ft 23 ft H 111 103 23 3ft 142 334 80J4 106J4 10ft lft lift 78 7ft 38 ft 85 1ft 13ft S3 0ft 11 116 8ft 70 304 88 17ft 74 ft 38ft 31ft -r 7 Bush Term pf !? 81J4 20 - 8344 31ft HH4- -72 4 48ft .. Butte & Superior Cep .. Butte Copper & Zinc . . Buttcrlck . . Cadde Central O & U .. Cnl Zlne ft Lead , 6 California Packing . . California Petro'eum 7 California Petrel pf. I Calumet & Ar'zena. . 10 Canadian Pacific .... .. Cnrsen Hill Mining . .. Case J I .. Central Leather . ... .. Central 'Leather pf.. . . Cerre-de-Pasco ' S Chandler Meters 4 Chesapeake ft Ohie. . , . 7CK . 72 80ft . "ft . 0ft .127 ft "ft . 3ft . 82ft . 00ft . 3.1ft 1B6J44- fiOft- 1-6 - 18ft 4- 3ftf ft- 66 - '3ft 4 '4 4 58 33 ft 4- H- 17 - 18 -13ft- 67 -16694 4- 66ft 4 34ft 7894 4 16 -3ft-80ft 4. vy2 88 ft .. Chicago ft Al'en 3ft, . . Chicago ft Alten pf . . . 33 .. Chi ft E III (new) pf 83?, .. Chlcaire ft Gt West.. 6ft .. Chi ft Gr West pf. ... 17ft 3200 4700 3200 200 100 3800 700 60 .. Chi Mil ft St P .. Chi Mil ft St P pt... B Chi & Northwestern. 7 Chi. ft Northwest pf.. 4 Chicago Pneu Teel. . . .. Chi R I ft Pac , SOW . 84ft . 07ft .10SS . 06 ft rft t Chi R I ft Pac 6 pf. 78ft .. Chile Copper 2 16ft .. Chlne Copper 26K 1210 000 3.50 Clcv Cln Chi ft St L pf 80ft 300 Cluett Peabody 83ft 63ft 4- 1010 1210 800 7000 1000 4S00 600 603 400 403 200 600 7200 50 62001 4300 100 801 100 400 2730 13S11 S4M 313 31) 100 810 100 500 700 2390 3810 800 56(0 1200 100 :de 100 310 100 4S00 200 400 8030 390 200 100 300 4290 1710 800 2000 100 800 100 100 1790 1200 700 390 700 200 10 10 300 100 1 Coca-Cela 48ft 8 Colerado & Southern.. 42 0 Celum Gas ft Elec. ... 10 .. Celum Graphopheno 1?4 . . Cel Graphopheno pf. . 0ft 4 Cemput Tab Recerd. t8?J .. Consolidated Cigar .. 30 ft 7 Consolidated Cigar pf . 30 7 Consolidated Gas .... 80J .. Conrelldatcd Textiles. 13 . . Continental Can 63 5 Continental Insurance 67 5 Cern Products Ret. . 103?4 7 Cern Products Ref pf . 114H .SO.Cesden ft Ce 88K 4 Cruclhle Steel 63X 7 Crucible Steel pf 80H .. Cuban Am Sugar.... 10ft 7 Cub-Amcr Sugar pf . . 80 . . Cuban Cane Sugar. ... tft .. Cuban Cane Sugar pf. 2ft . . Davidsen Chemical . . 61 6 Del Lack ft Western. 113 8 Detroit Edisen 108ft 1 Deme Mines 2? ft .. Dulutll Se S & At.... 3 It Electric Storage Bat,.14SH .. Emersen-Brantlng .... 3 B Entflcott-Jehnson .... 81ft 7 Endlcott-Jehnson pf. .187 , jcrie ................ ai 4$ .. Erie 1st pf 17ft . . Erie 2d pf IV E Famous Players L .. 70 J, 8 Famous PlayerB L pf 84 4 Federal Mln & Smlt pf 38ft 8 Fisher Bedy of O pf. 88 ft .. FIsk Rubber 12ft .. Freeport Texas 1SJ4 3 Gen Am Tank Car. ... 83 .. General Asphalt lv4 0 General Asphalt pf... 88 8 General Electric 146ft 4194- IJ4T 70 4- 1ft 0J4 68 4 20 - 48 60ft 1J 8234- 67 lf334- 1194 -f 38 4- lft- 8094 4- 8ft 80 Oft- '3ft- 9ft- "tft- 105 W 4. 3SU 394 142 - 334 81 167 lift? 17 4 17 4. -38ft 4. 86 -12ft-13?4 3 - !7: 140 General Meters s 70ft 37 ft 83 18 76 ft dSft Js B 7t -37ft 4 85 4. 17ft- 7494 4 38ft , 794 , 194 3ft 143s 76ft4 10134 t Gen Meters deb Cft,. ,. Goedrich B F 7 Goedrich B F pf . . Gray Davlr 7 Great Northern pf.... 4 Great North Ore ctfs. ,. Guantanamo Sugar ., .. Guantanamo Sugar rts 7?i ft 20ft 74 1 3ft 14ft 74 101 3ft 734 30 K 2ft 8 30 22ft 83 ft 10454 18 eH 28 08 ft "ft 68 ft 48 68 14 ft H 28 'ft 13 ?4 61ft 83 24 34 ft 6ft ft .. Gulf Mobile & Ner pf 30ft .. Gulf Stnte Steel 76JJ .. Hablrshaw El Cable.. 1ft . . Hydraulic Steel 3ft .. Hupp Motorcar 14H .. Housten OH 70ft 7 Illinois Central 101? .. Indiahoma Ref Z .. Inspiration Cen Cep.. 38ft .. Int Agrlcul Cerp pf... 3S4 .. Interb Cen Cerp 3 . . Interb Cen Cerp pf . . . .30 Int Cement 80 .. Inter Cem Eng Cerp.. 24ft 0 Int Harvester new ... 83ft 944- 3734- 35ft- 30 4- 13200 100 100 1390 27J0 3100 100 10)0 200 490 200 1100 100 1000 42J0 100 00 200 300 300 800 ZSft 8! ft 10534 i 1 7 Int Harv new pf lOs'e Int Mer Marine 16 4 70 ft 28 ft 68 ft 12ft ttft 48 H 48 ft 18 8ft M 3fs 10 70 - 28 68ft- I294- 6Sft4- 66 66ft 16 4- 0 Int Mer Marine pf. ... .. Internat Motertruck . 7 Int Motertruck let pf . . . International Nickel . . 6 Intemat Nickel pf.... . . International Paper . . 8 Inter Paper pf stpd... .. invincible Oil Cerp... .. Iowa Central .. Iren Products 8944- t 28 ft 34 4- 63 4- 88 4- 24 4ft4- 034 .. Island Oil . . Jewel Tea 12H . . Kelsev Wheel 63 7 Kelsey Wheel pf 85 .. Kansas City Southern 24 H 4 Kansas City Se pf. ... 84ft .. Kansas ft Gulf 64 Total sales, 740,800 shares, compared with 71Bi300 shares BUTTER, EGG8 AND CHEE8E New Yerk. Feb. 10. DUTTER Firmer. Receipt. U40 tubs. Creamery, hlaher than Iztra. 8703ttVei creamery extras (02 awr?). 87"?e: creaiwry. llrst. m te ui scejfi. 3J1e. .,,. n,r.:i ..... Prices Firm en Paris Bourse Pari, Feb. 10. rrlces were firm en th Bourse today. Three per cent rentes, r.7 francs 87 centimes; exchange, en Londen, BO francs 4Q centimes: 0 per cent lean. 1H franca 05 centimes. The dollar was quoted at II francs 60 cuittmcs. Receiver for Racine Aute Tire Ce. Racine. Wis., Feb. 10. Tha Ilaclne Aute Tire Company, normally employing 1200 TFreah rathertJ HrJts, WUO-OWI.U,. .,vv.r... v.-- -..- 1 'nr iw 1 weitesas uir ""cKliSE Firmer. Receipt, Quotations unchangnl. 401 boxes. Flaxseed nt.,h. aflnn.. ITiib. 10. Flaxseed men, hue filed rupiey in vircuiiA.5 inr-JAMWeiSaKav' UMt Jfay' ftt.n 83.89 bid) July. 12.3914 'bid,- OQ0, V 1 1 ' ' ., ,'" t Dlv Sales InS Rlrt TiOW 768 .. Kelly-SprtnirfUld Tire. 88 87 SM 8 Kelly'-Spg Tire 8 pt. 86 88ft 7116 . Kennecett Copper ... 87 K, 47 4H .. Keystone ,T aft' R 14ft 18ft Set a Kresge S S..t..k....ltft lMft lMt .. Lackawanna Steel ... 48ft 47ft Teday'a Net Clese Che. r.H.r B ft i U ft H lli 1 1 W W ft U ft H ft ft W lft in 380 .. Lake Erie aft wsst.. .., IS 18 Jt .. Lake Erie, aft West pf. at :ii 706, Lee Rubber Tire...... 3S 178t t. 60 Lehigh Valley 88 ltt 7 Liggett ft Myers pf...iwft 768 set 868 8608 tot tot Leewe Ce lift 1 Left Candy 11 7 Louisville ft NashvlllellSH .. Mclntyre P Mlnea tft . Manatl Sugar 4S44 7 Manhattan Elev ruar. 4894 86t 1.78 Mnnhat Shirt StK let . 4 Market St Rwy 4ft 1818 . . Market St Rwy pr pf . 4SH let .. Market St Rwy 3d pf SM 408 .. Marlln Oil t 06 ..Martin Parry MH JOt .. Math Alkali 3ft Mt .. Maxweir Clart B .... M, ltt a May Dept Sterea itt4 S0308 it Mexican Petroleum ..lit ft lft 1 ft ft 14-J4 lft 11694 117W ttft 2694 308 g Miami Cenner 3694 108 i, se Middle States Cerp lft 154 30 894 3 10 -4 18ft 48ft 67 ft IS 28 133 30 . 194 46ft 80ft 113 mera 4600 1808 6100 Mldale Steal 81 .. Minn A St Louts.... '14 .. Me Kansas ft Texas.. 394 Me Kan ft Tex w!... 161! !0t . Me Kan ft T wl) Df. 7 list .. Missouri Paclfle "Ot .. Me-Paclflepf 48ft 10t 3 Mentana Power 87 ft .. Montgomery Ward ... 18ft 008 . . Mulllne Bedy 28ft 106. 7 National Biscuit 132 .. Nat Cleak ft Suit.... SI 20t .. National Cen ft Cabw. 194 00 Nat Enam ft St 41ft JOt a National Lead ....'... R8ft ltt 7 National Lead pf 113 1808 . . Nat R R of Mcx 2d pf 3ft 400 .. Nev Cen Copper 14 400 ONOTex&Mex 09 400 .. NYAlrBrake 6894 8000 s New Tork Central.... 77 1100 5 New Yerk C ft St L. . 62?4 600 8 N Y Chi ft St L 2d pt 07 1100 .. New Yerk NH ft II.. 1894 800 2 New Yerjc Ont ft W. . . 23 200 7 Norfolk ft Western... 101 1300 a North American ctfs . 87 ft 800 s N American pf ctfs... 41ft 1010 .... North Amer Rights... 734 4010 7 Northern 'Pacific 7834 208 . . Neva Scotia S ft C. . . 08 80S .. Ohio-Bedy ft Blewer.. 1334 00 .. ekla Pred ft Ref.... , 2ft 100 .. Orpheum Circuit ... . 18 ft 100 s Otis Elevator 137 1406 .. Otis Steel 1094' 100 .. Otla Steel pf 88ft 1090 t Owens Bottling 28 100 .. Pacific Devel Cerp... 7ft 200 s Pacific On ft Elce ..64ft 2300 8 Pacific Oil ....' 4694 889 Pan-Amer Petrel .... 83ft 1390 0 Pan-Amer B 48 100 .. Parish ft Bingham... 10 600 Pennsylvania It R... 'V 8600 ,. Penn Seaboard Steel 896 2300 a Teoples Ga" Chicago. ISft 309 .. Peoria ft Eastern.... 12 3300 .. Pere Marquette 3S4 2200 8 Pcre Marquette pf ... 38ft 100 s Philadelphia Ce 334 100 .. Phillips-Jenes 80 700 3 1'hillips Pet 30ft 3390 . . Plerco-Arrew Moter . . 18ft 2i00 .. Pierco-Arrew Met pf. 31ft 800 ..Pierce Oil ft 803 5 Pitta Ceal 63?; 8'0 .. Pitts ft West Va 28'i ift '3 134 ft l-M 194 !4 ft ft 94 194 ft ft 3ft ft ft 3ft 1894 60 8ft 75ft 6134 66 ft 17ft 21ft 100ft 8694 41 794 7894 28 13 294 16 ft 137 10 33ft ft 8ft Uft 46 83 ft 46ft 16 3494 8ft 4U "ft 73 87 ft wt34 60 no 94 1494 20ft 0 61 94 5 "ft 66ft 27 78 ft 11334 86 ft 74 100 14 7394 4894 48 ft 30ft 30 ft 2 81ft 5 80 ft 11 23ft 40 ft 243 37 ft -'ft 14 ft 394 8 63 1634 8 38 18ft . 40 8394 1834 80 ft 84ft 177 115ft 7834 08ft 29?4 04 4ft 34 ft 10ft 48 30 ft 2494 353 43ft 2134 8.1 88 28 37 094 34 68 10 129 ft 73ft 68 44 162 ft 7 ft 134ft , 23ft 84 ft ft 94 ft V ft "ft lft . ft ft 94 -ft .ft H 14 V. 14 ft ft 26 1.80 Pend Creek Ceal 16 ft BOO 600 300 . Pressed Steel Car.... 665 . Producers Rcflnern ... 27 ft 4 Pub Service of N J... 7694 8 Pullman 11094 ft Is net 1030 .. Punta Alegre Sugar.. S7ft 12D0 t Pure Oil 3434 ft ! ft 'i 200 .. Pure OH 8 100 500 .. Ray Cen Copper Uft 6808 4 Rending 74ft 308 2 Reading 1st pf 45ft 200 e Reading 2d pf 48ft 2100 .. Remington Typewriter 33 700 .. Rcplegle Steel 32 3830 . . Republic Iren ft Steel. 6894 200 7 Repub Iren ft Steel pt 88ft son .. liepubiie Meters e'i 2500 6.20 Royal Dutch N Y 81ft 100 3700 3700 2306 1100 300 00 690 3700 2100 690 499 200 400 3490 200 17100 2100 3400 1103 300 300 200 200 2100 28800 100 600 200 600 4300 4100 1400 1 St Jeseph Lead 14 . St Leuis San Fran... 2434 . St Leuis San Fran pf. 41ft . St Leuis ft S W R R 5ft . St Leuis Southwest pf 38JS . Santa Cecelia Sugar.. 3ft . Savage Arms 14ft . Saxen Moter 2(4 . Seaboard Air Line... 4ft . Seabenrd Air Line pf. 0 . Sears-Roebuck 0334 . Seneca Cep Cerp 16Jj . Shattuck Arizona Cern 8 lft ft 'A l ft lift r 1 71 Shell Transport 38 ft .. Sinclair Oil 20 .. Sless-Shef field 41 6 Southern Paclfle 8334 .. Southern Rail 1!34 .. Southern Rail pf 82ft 4 Standard OH of Cal.. VSft O Standard Oil of N J. 178 7 Standard Oil of N J piUAft 7 Steel Tube pf 784 7 Stern Bres pf 100 3 Stewart Warner Spied 30ft 7 Stude baker t6ft .. Submarine Beat Cerp. 4ft .. Superior Oil Cerp.... Oft . . Temter Cern ft F "A" 3 .. Tenn Cep & Chem.... 1034 5 Texas Ce 45ft . . Texas & Paclfle 81ft X Texas & Pae C ft O. 7834 . . Texas Pac Land Trust862 ft 1 94 lft ft .. 4 1 Sft ft 2ft .. 94 1 14 ft ft ' 1 ft ft ft 94 14 "ft 94 47 8600 S. 60 Texas Gulf Sulphur.. 43ft 480 . . Third Ave sift 1800 6 Tobacco Products .... 63ft 000 7 Tobacco Products pf . . 85 2100 . . Tel St L ft Weat ctfs B 30ft 110O . . Tel St L ft W pf ctfs B 38 ft 3700 . . Tronscen Oil 10 200 3 Twin City R T 34ft 390 8 Union But; ic Paper. . C8 8UO .. union uu wi 3100 10 Union Pacllle . 300 4 Union Pacific pf 131 73 ft 8ft 44 102ft 7 ft 134ii 590 .. United Drug 100 S. 00 United Drug lBt pf . . 100 100 7 union Tame car pr. . Un.ted Alley Steel.., ft 94 ft 3s ft "ft ft lft ft 100 300 2590 15108 2390 3600 3200 100 1100 1690 100 690 82100 800 4108 1300 6510 400 8200 1400 2800 310 8 United Fruit ...... .1 United Rwy Invest pi 24 , . uauirKiay ; O U S C I P & Fdy pf . . 64 ..US Feed Products .. 3ft . . U S Ind Alcohol.... 45ft 7 U S Ind Alcohol pf . . . 85 ..US Realty & Imp... 6314 20 62 2ft 4 94 86 63 63ft 08 ft 33ft 8794 116 ft 094 12 ft 34ft 80 7ft 7 2194 1234 83 8 18ft 1534 3 8994 334 794 1434 a7ft U 3 Rubber 84ft 8 U S Rubber 1st pr.... 88ft . u a smeit & iter 3334 BUS Steel 88 JUS Steel pf lllft 2 Utah Copper OI34 . Utah Sec 1234 . Vanadium Cerp ..... 85ft , Va-Car Chemical .... 0ft . Vlvadeu Ine 8 . Wabash 7J4 . Wabash pf A 22 1 Weber & Hellbrener. . 13ft 2ft ft ft ik T 9 li ft ft 134 ft "ii 94 200 3.50 weiu -.-arge impress, lit 1200 ., Western Maryland .. 8ft 300 .. West Maryland Sd pt 15ft 690 . Western Paclfle 16 160 6 Western Paolne pt... 3 600 7 Western Union Tel... 86 1300 4 Westing-heuse K ft M. 83ft 100 .. Wheeling L B 7U 300 .. Wheeling ft L 13 pf.. 14ft 14 aeu 4 wnue Moter 06 . White OH Cerp 1600 .. Willys-Overland 100 .. Willys-Overland pf .. 200 . . Wilsen Si Ce 100 .. Wisconsin Central ... 38 in S ft 27 ft 84 ft 894 .. .. ft t 1 .. yt .. is ii 27 ft 34 37ft l.ft 68 7ft Af !J 100 8 Weel worth F W 148ft 100 4 Worthlngten Pumu... 47 200 0 Werth Pump pf B..f. 66 100 .38 Wright Aero 7ft Ex-3lviaena. Thus far this week, 8.760,400 shares. yesterday, Regular Dividends by . The Philadelphia Eleetrle declared arular Quarterly cmt a. sh.en. l?8 Preferred dend of 1,6 2-3 cents en new preferred SZC and lesular quarterly dividend ; e"iV nlr cent .en. the j-ommen stock, March IB te steclt of record BAR 8ILVER a voluntary petition in TanK liabilities. 9M$a-v&88!Sl.fifa i.OM.uw aura , .. ,1 , I NOT HIGH GROUND rJj FOR AMER. STORES Philadelphia Electric tstuee Continued Heavy Other Lecal Shares Stronger 138ft- lft 47ft ft IS - lft ati. h ts - ft 88H- -H istft- H tit ft ttft Ii 11H- H 3ft .. 4694 4694 .V nt !. 494 iVk 4Sft 94 There was a nrech stronger tone te the local market, and with the excep tion of the Philadelphia Electric Issues prices of most of the mere prominent local stocks were higher. New' "top" prices were made by the American Stores shares, with the common ns cenfllng te 08, a gain of 2 points, nn the first preferred reached 129, also V gain of 2 points. The dealings' wen relatively light, but the buying order erder cdntlnucd te meet n scant supply et stock. According te the Street reports the persistent strength of both issues ivm due te the knewledge of the strong .financial position of, the company. It is understood, the preferred stock of the Acme Tea Company Is being bought for 834 17ft- : -sa 12 -18694- ft , - ft 36 - lft tft 94 2, 14 ltft ft 7ft- ft 1874 ' .. the account or the company 'at tne enn oble price of 110. The American Stere 07ft- ft 13-94 28 - ft 183 - a 38-1 194- ; 41 - ft 88ft 94 113 394 14 1834- 94 60 4- ft S8ft- tft 78ft- 34 6194 34 66ft4- lft 174- ft owns nil tne common sceck ana a sud stnntlnl portion of the Acme Company preferred. The latter' has n sihklns fund prevision which requires the pur chase et net less than $55,000 of stock a year at a price net te exceed 110, and the cempnny is stated te be two years ahead of sinking fund require ments. Rumer has It that the manage ment intends retiring all of the Acme preferred stock. Lehigh Nav'gntlen also came in for cenMderab'e attention, ndvanclng te 71 'A, a fraction above yesterday's best price. This, with the firmness of Penn sylvania Itallrend. mny pertly have been a reflection of the rnll demonstra tion In the New Yerk market. Lake Runcrler. en Mnnll den'lnzs. reached H 22 4 1(1 4- aeft- 41 794 78 4 28 Ik - 394 teft 127 "ft - 3ft 37ft- 7ft- 84ft 4- 46 - 3ft4- 47ft 4- 16 4- 4ft . 814 W 12 - 23 -8 -3891 SO 30ft 4 15 30ft- tft 6194- ft 94 14 .B I "J4 34 it ft ft 14 ', ft ft 94 ft ft ft 0, or within a shade of the week's best price. Uanlc of Nertn America wnrrantH en nominal transactions made a lilch reenrd nt 03. On the ether hand, the Philadelphia Electric issues continued under- liqui dating pressure. The selling of war rants was particularly henvy, with the price yielding te V,. The preferred Philadelphia Rapid Transit after holding nt 23 nil during the morning shaded in the later deulines te 23, but the trading was the lightest since the proxy controversy started. Philadel phia Traction was a point higher, nt OT), and Union Traction 'Wds unchanged nt 35. Columbia Graphaphene stock wns of fered freely, as yesterday's receivership proceedings wns n big shock te the numerous stockholders in this city nnd vicinity. A large amount of the stock wns distributed in this State and Dela ware when the cempnny wus generally supposed te be en easy street nnd n big. money maker. The collapse wuc especially disturbing, ns the majority of the he'dcrs had been led te believe ar rangements had been satisfactorily reached between the large banking in terests te ward off n crash en the finan cial rocks. At least three committee.' of creditors have been striving te keep the concern solvent. ft lft ft 94 ft 94 94 ft ft 54 ft 73 4. leftf 6ft 27 78ft 4- 11634-:.eft-r4ft4- 100 -14 -7314-40ft-49 ft 33 4-014-82ft-83ft Philadelphia Stocks ft ft ft 1 lft 134 Net Illfih Lew Cleso clue. fiS5An: Stores ires S 00 l7 1 pf.l2i 127 120 4-2 ,1).. 07 07)i 07l 500 de 1st 25tAtehlsen 2-1 Rank N A A ... ., wnrwl. 03 C2 02 a 61 34 14 2354 ft 41ft- 94 2494 !4 57ft- ft 2ft 4- ft 14ft 4- 134 Sft .. 4 54 8ft r C3 - ft 1634- ?s 8 38 80Rnld Lec.103 103 103Vi 10 Comb Iren 30 30 30 .. HOtChnn Mtrs 05 5 05 Ji 10tChRI&P34 34 -84 4- SlOtCel Graph 1-i 1 1-J4 Vi 110 Elec Ster.144 142 142 lOOTErie iJ-.s -"is ,-ias-I- -A HI 1 Ce K A. iU eu-ji 01 f Vi 27.. 27-JI -i 0.. . lOOfKcnn Cep.. 27 27 10 Key Tel pf 27 27 275 Lake Sup. 000 Lch Nnv.. 71 Va 70Vi 52 50 31 22 70 " 70 10tPan-A Pet 02 Penn Cent Light pf. CO 405 Pa II It.. 35 lOOfPcre Merq 22 15 Penna Salt 70 lOOfPennn Sbd Steel ... 8 30Phila Ce rum t)f.. 38 C2- 50 19344 41 4 62ft 4. 1834 178 4- llfft 78?4 100 30ft 4- ft 1 34 ft lft 94 e-Vs-. 22 t ' V 7U 8 S 3S B.. 320 Phila Elec 23 23 -3?r- 27 234 "ft ft J4 ft ft ft !4 54 KS8 de prci.. Vt'Yi -(', -IV2 Vh 3701 de war wi 1 l'.a 1 1000 P It T... 23 23 23 ft 1,4ft 4ft 10 ft- 4ft4-30ft- S5544- '8 112 Phil Tract 0T) (11 ti5 lOtSeuthPac 83 115 Ten Bel.. IVj 200fUnlen Oil 111 115 Un Trac. 30 223 U G I .. 40 70 de pref . 52 SOtU S Steel 88 .lOtVanad'm S 30U, S3 1A 10 35 40 52 88 1 A 10.. SO Va 40 .. 52 .. ft 353 4-37 88 S04- 4394- lft ?" ft 30 k. rhnnarn made by comnarlven with last sj 05 4. 30 4 37 - 0ft 34 - -18 -130 -r 73ft 4 C834 ft ft lft sale en New Yerk Stock Exchange. Total sales. 10.002 shares, compared with 14,180 shares yesterday. Thus far tills week, 74.078 shares. FHILAUrXrillA BONDS 2000 Liberty 2d 4s '42 00.10 1000 Liberty 3d 4s '28 07.21 1500 Liberty 3d 4h '2S 1)7.20 4000 Liberty 4th 44s '38 1)0.32 200 Liberty 4th 4 u '38 110.1(1 2000 Liberty 4th 4h '38. .lets 110.30 500 Victory 4s '23 reg 00.00 250'Victery 4s '23 ....... 00.04 1000 Victory 4s '23 100.08 1000 Baldwin Loce 1st Cs.... 100 103144- 37ft 4- 114 134ft 4- ft 23ft- J, 4 aj lOOO'Bcll Telephone 7s 108 1000 Lake Superior lnc Cs.... 35 2000 Lehigh Valley 0s 101 1000 People's Passenger 4s. . . 05 1000 Phila Klectrie 1st 5s.. lets 1)0 1000"Phila Electric 1st 5s 1)5 100 Phlln Electric' 1 tt Cs 05 4000 Phila Electric 1st Cs..lets 1)5 lOOOPhtlu Electric 0s 102 BOO.Phlla Electric 0s 102 1000 Spanish-American Cs.... 100 Total. 82T,0ri0. compared with Jl(!4.5e yesterday. Thus far this week. $530,250. MONEY-LENDING RATES NKVV YORK. Call money easler: high. Bi low ''A: rultnB rate, 6; closing bid. 4: offered at 44i Ukt lean. I Va . 6ft T 63 -r 3J4 4434- 05 . 53 -5334-80 ft -J-334-8734- "6ft . 61 - 1294 34 ft 80 -7?4 7J4 3194 134- 8-5 - 8 4- " 1534- 3 -88 4- 43J4- 794 14ft 4- 38 894- ft 27ft , ft 4 148 ft 47 4. 68 4-7ft- 34 2ft ft ft ; ft ft lft 'ft ft 94 94 34 ft ft ft 34 ft 94 ft ft ft 34 ft TliuQ injury hub uituiiwirniuiif. nun rates unchanged at 4 te Jw cent for nil inu turltles, It wan tinted that theru wan net much money available at thn prevailing quo tations, nor was there niuth iiKuroBsiveneBH en the part of the borrowers te eccure action nt tlie prevailing rate. Commercial paper was fairly nctle. there being e, geed demand for prime bills carry ing the best nnmes. The demand from coun try Institutions was stated te be satlifac- t0j?cceptancf bills were unchanged at a dls. count rate of from 4 te 4i per cent, de pending en the bill. 94 ft 34 94 ift ft PI!IT,AI)Kl,rllI. Cull. B Dr r.nt. Mm. BUWei Pr cent: ceinmeiclal paper, three te six months, rihiOMi percent. DIVIDENDS DECLARED Eastern Shere Oan and Eleetrle Company quarterly 2 per cent en prefened, payable March 1 te stock of record Febrjiiry IB. Kt. Joaeph ,Lad Company, qunrteily 25c payable March 20 te stock of record March Atlantln Refining Company, quarterly lr en common, payable- March 15 te stock of record February 21. Philadelphia, Uermantewn and NerrlMnwn Railroad, quarter y a per cent. payaWe March 4. a; restored February 20. Chestnut lllll Itallrend, quarterly lit pr cent, payable Maich 4 as ieglstrcd Feb. ruary 20. v BANK CLEARINGS "p. x." Company hu dlvtdand of nf?J stack, a rtiVi. each wfy.htJ February ll. Bank cleat Inis today compared with cer. responding day last twd ypars: Ill 'J'' lQ'll tfnn. I-hlla. .?r myfiup e&T & nosten, 88.000,000 N.Yerk p40,0UO,uu HH,il,W2 Loeii'lik hb3 ,C;fc8e7l,60.VW Bl'.MWJil 81,83?;ia 1. .' v . ;i'."'","" uu,iuil.7;i ii iniai mil i '- ' " ' il OFFICERS CHARLIE rNOERSCtl .' STANLHYBWIUOW Vlet-rd. ARCHIE D. SWIFT t Ckssisr DAVID R. CARSON AssfateFajs, ALBERT H. ASHBY . . ' A Casks , ' WOtiAM fOST-' CaSahwan gaeeutssn Ceawmaj Mr. J;Ogden Armour, President of Armour & Ce., Chicago, tIU., says: "The business man pf today cannot be tee well advised. He should establish banking connections where he canxhave the benefit of accumulated business knowledge and experience:" Central National Bank of Philadelphia Chestnut Street at Mb. Capftal $i,oxfiec. SurpliaariVTuiMlcdpTofitsEmTuA)4,feox T Helders of Certificates of Deposit for First artel Keftmelai Mertgag Fir Par Cent. Celal Bends of Tke Deavar ami Rie Grande Railroad Company issued under the .Deposit Agreement dated May 28, 1917, between the , Helders, of said Bends and the committee uarain named t NOTICE Is hereby siren that a Plan and Arreement dated Tann CE Is hereby given that a Plan and Arreement dated January 27, 111, -organisatien of THE DENVER AND RIO GRANDE RAILltOAD Y has been troeoaed by The Western Pacific Railroad Corporation te tar the reerg COMPANY the undersigned Committee, and hss been approved and adapted by the Commit. tee, and that a copy of said Plan and Arreement of Rceraanlsatibn has been flled srlth Banker Trust Cempsny. Depesltsry nndsr said Deposit Agreement, at its eme; Ne. 16 Wall Street, la the Borough el Manhattan. In tie Ctty e) New Yerk. The Committee recommend the acceptance et said Plan sat Arreement el Reorganisatien by the holder el said Certificates el Deposit. Each holder et a Certificate el Deposit Usned under aald Deposit Arm meat hU be cenehwivelr presumed te have assented te aald Plan and Agreement el Reorganisatien unless h shall, within thirty .day otter the flrst publlcatloe el thla notice, that Is te say. en or hefer the Srst day, el March, 1931. Save filed with tie said Banker Trust Company, Depositary, written notice el hi dlaseet therefrem, pecilyte therein the date or date and tie number or number of tie Certificate of Depealt aaht by him. la case the Plan and Arreement el Reofftanlsatleu shall become effectrt as provided by Article Ninth el the Deposit Arreement, aay holder et a Certificate of Deposit who (halt hsee filed notice .el dissent a abort mevkted miy, within ten (10) day from the. first dsy, el March. IMS. withdraw il bends from deposit nnder said Deposit Arreement in the Manner orerlded la Article Ninth thereof, upon payment el such amount a the Committee (a its ab solute discretion may fix as hi proportion el the compensation and expenses e the Committee, net exceeding one per ceat. el the face amount et tie bead I. .J V ! laaStCaaiSat r,t nannalt ' mresented by iis .Certificate el Deposit, Dated. NW Yerk, Jaucary 30th. 1923, JOHN HENRY HAMMOND, CteSTMatatai BERTRAM CUTLER. CHARLES HAYDEN. ANDREW J. MILLER. FREDERICK STRAUSS, MELV1N A. TRAYLOR. Ceataaltlae. . W. JONES. Secretary. lt.Wsll St.. New Yerk City. Prague Credit Bank (Prazska Uvenri Banka) Established 1870 -. Total resources in excess of Cz. K. 1,66,000,000. Branches In All Principal Cities of j Czccho-slevakia Jugeslavia Bulgaria . ' Prompt Service In All Banking Matters Deposits, Checking Accounts, Collections, Letters of Credit, Documentary Credits, Foreign Exchange. United States Representatives Kardes & Burke 32 Broadway New Yerk 1 Ii'.laJeljihla Pittsburgh Baltimore Bosten Chli age FOR STABILITY AND SAFETY Zirfrtt SECUS Life Insurance a.nal COMiS iPajMnswIweHlg Resources Over $4,000,000 605 CHESTNUT STREET BROWN BROTHERS &CO. Entnhhuhed ISIS FOURTH & CHKXTNUT 8TRKETS PIULAIIKLI'IIIA New Yerk SECURITIES AND INCOME W"E take charge of securities and collect in " comes for persons desiring te be relieved of such details. A Century of Service BROWN, SHIPLEY & COMPANY l'nnnil'rs Court, tethbary l.UMHI.-V, K. V, 6 Registered Geld Bends DENOMINATION $1000.00 HECURKD ON CITY CENTRE BUILDING S. E. Cor. Bread & Cherry Sts. Due November 15, 1926 Principal and Interest guar anteed, State Tax of 4 mills refunded. Circular en Request Fer' Sate at Par and tnteretl BEN. T. WELCH 1328 Chestnut St. WIEGHER,ROCKEY&CO. Certified Public Accountants Drexel Building, Philadelphia MUNICIPAL BONDS YIELDING 7 V. W. MILLS & CO. Stock Bathangs Uldg,, I'UrnisYlpbla i'mSH 3 .'f '! 1 Uoaten Orflra for TrnTrtfrs 1S3 rnll Slall. LONDON, 8, IV. '"Foreign Exchange explained" la an attractive booklet designed te familiarize the Investing public with the many factors that exert an influence en foreign exchange rates. It covers this Important subject thoroughly and In a man ner that all will understand. . uif, titt phene or lurfte ter a ' c pu et bnehlrt l'-ltt Wm. H. McKenna & Ce. Wldener Building PHILADELPHIA, PA. TT LrfklsJtiu f au..i mmM Nw V, Chlcaie, Ptisoeo, Ftesbarsh J 6E0. A. HUHH & SONS STOCKS AND BONDS Odd Lets Solicited Member of the I'h ludelpMe, Ns tk and C'hlrnse Hteck BxeimnSf Liberty Bends Bought and Sold Uelwua Court Uld(., 1.18 Halnut H, V, 111 llreadway n " ' 'T '". ,1 1 i&u-
Significant historical Pennsylvania newspapers