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.
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