wm?wv
,j&
- Wit
LL"'
ere te Find
tfV
Safety
P.i
IP
j?tm investor In lelrch of
-
; safety, freedom from care.
It, and an attractive Interest rate,
Will find all three qualities In
Straus first mortgage bends.
Thousands of investors hav
gained safety, satisfaction,
and profit through the pur
chase of these securities. In
rcstigate. Write today fei
1 BOOrtLET 756-L
11
?l
.' A? QTRAITQ JI st".
I, VV. J I IVIUO 3c'..'Vft
, iHConreRAieu cstaklisiiiu Hit
Stock Exchange Bldg., Phlla.
Telephone Srtvcx j6ll
40 years without lest
te any investor
'fpjj'E fTH'aT-nsM
l WgijlM 1911, by s. V. Strain Ic Ce
;
J.
Analyzing Your
Railroad Bends
Fer many years wc have
been prominently Identified
with the railroad bend mar
ket, net only as dealers,
but also ns underwriters.
Consequently, we are well
equipped te analyze the in
trinsic secuiity vnlue of
railroad bends, and te de
h termine their relative at
tractiveness as invest
ments, based upon income
return, present market po
sition and outlook for ap
preciation. We shall be
pleased te analyze any rail,
read bends you may held,
or te submit for your con
sideration a number of
Issues wc recommend.
Send for Bend Circular 11 IS
MmmdaCe.
Bread & Samoa St)., Philadclpkia
New Yerk Pittsburgh
Baltimore Washing-ten
Mrmlera N'r Tork. rhlln. Jlphla and
r'M.''tir!th 9nek K.'nn'TP.
1
If.,
w
HL
U. S. Steel
The interest which has
recently centered In the
steel situation, aud par
ticularly in U. S. Steel,
has made our Analysis of
this company at this time
especially desirable.
Te these interested in
learning hew our Service,
' of which these analyses
and leperts form a part,
can help them te realize
better returns from their
capital, wc shall be glad
te send a copy gratis.
p.
PC
&.,
!
M00DY' INVESTORS SERVICfc
JOHN MOODY. resident
1124 Real Estate Trust Bldg.,
Phila., Pa.
New Yerk Dosten Chlcace
n.
American Can
Company
Hew it fared in 1921
compared with previous
years, and discussed in
connection with prospects,
in our letter P. L. 459.
terJ. Schmidts $
1323 Walnut Street
PHILADELPHIA
)lvani.i Klirwiii Lu. i.uuii, , . , U' 10J0
(II vuurjr 11. 11. iniiuii frt u U'g
;.
mm
.ih.iti It- 4 1tl Chilli.. .11 Ir, II u
ertfrnt It.llliMix & I.UIitlnic. tMi'a
tv ji;
te. inn. ' & rirr n n mill I'fil Nik.
IUEL K. PHILLIPS & CO.
Li 107 rilKTM'T HTBKKT
CewnvCa
Umi Till Blig.
.num. MtMk Bstftsswe
k
V
v
I B
r -
'im i WE OWN AND I .Tl.na
:ftr . OFFER 1ww"
"fi'" II Louisville & J cftrienville I I
: II lit 4 1945 mm ....
I'-V II i T . T Ju,'
'k U I. Cern
mr xi 6I 1922 118 juiv :
HrK' I Iedishams Ref. Ce. IIU eat's '
R$fel 1st Mtfe. 8's 1934 ?&".;::
BrW'sl WlOIIIKlBlOO.PHIUDIlWW III .,1y0,k
IWrir MmkmPUhMlaai,d "1 Lard"
'.fwlil NtwfbrkStadttJidmim I Miy ....
KffiffliisniwiiJfSHff " ::;;:
M?lgP&UJH
km. -w ,,,
W'!.. rh . S 70
m8sr
T5. t
?mm
fEMENT
WAS VERY UNEVEN
Reduction in Bank of England
Discount Rate Without
Effect
Snips
809
2t9
701
3109
109
1S00
100
800
109
100
noe
100
100
8100
A09
!00
'100
1900
409
1000
300
700
809
4S0O
400
3800
IMS
1300
tee
4100
400
300
3000
809
200
tee
3400
709
5109
500
420(1
7.100
200
300
BOO
2.V0O
000
JS0O
2100
soe
1100
2100
:no
100
100
tee
1100
100
200
tee
11700
209
1C00
:tei)
100
400
2J0
8100
300
tee
300
219
2S10
600
301
310
100
100
101
100
200
1310
S30
170')
110.1
100
4SJ0
COO
1900
100
310
7400
709
1100
1020
5)0
1100
200
3J0
S10
1900
3100
109
110'JO
GOO
100
100
2010
1510
New Yerk. Feb. 10. Today' stock,
market save n geed nceeunt of Itself
In many particular. It once mere ebvc
i convincing demonstrntlen ntt te nb nb nb
sorptien capacity, ns there was evi
dently quite a considerable Miltime of
realising sales. Price movement was
"omewhat mere uneven, but underneath
lie alternate reactions and recoveries
''ere wns nt nil times runnlns nn un-
''"current of cemprclienRlve strength.
A number of prominent Mecks broke Inte
new nign ground during the ilny, the
mere notable being U. S. Steel and
.Mexican I'ctreleunt.
The big piece of news of the dny came
in the enrlv Tenden cables announc
ing a reduction in the Hank of Kglanil
minimum rate of dNceunt from t" te 4Vi
per cent. This is the lowest discount
rate since 11)14. but while, Interesting,
was of no particular Importance te the
banking situation here ns the reduction
merely conforms te the last made bv the
Federal Reserve Hunks. Seme, how
ever, were of the opinion It forcsbad fercsbad
wed n further cut in (he rediscount
rate by the Federal Reserve Hanks In
the Eastern t-ectlen. It was, never
theless. Important in another way, be
cause it supplied additional cenUnclng
testimony et ti(e rapid progress in re
construction en the ether side of the
'ater. particularly appllng te the
l.ngllsh end of It.
Xet only tlld this particular Incident
fail te Inject new life Inte the trading,
mt the further easement of money mar
ket conditions fell slmllarlv flat as n
market factor. This -as mere surpris
ing because the 4 per cent renewal rate
for call leuns the lowest initial rate in
eeral weeks wns made In face of the
announcement of the heavy treasury
withdrawals. The Government took
'approximately SGO.000.000 out of the
local banks today, but In realltv the
withdrawals were largely n matter of
, boekkcolng between the banks having
te de with the recent Issue of certllicates.
Fer the halting tendency no better
reason could possibly be found than the
uncertainty attending the soldier bonus
legislation. Most of the sting of the
I proposed legislation in se far as the
market world is concerned has been
eliminated In the firm Maud taken by
President Harding and Secretary Mel Mel
eon. On the ether hand the matter Is
continuing under consideration, and
the source of reenue Is stl I an unsolved
problem, which situat.-en tlieieferu con
tains a pes-ible element of disturbance.
It was natural n disposition should ex
ist en all sides te proceed cautiously
until some definite program Is tcached
or suggested. The ery fact that the
matter Is still a lle question makes
It ever possible of producing unpleasant
Mirprises.
sieuttary te general expectations
lowering of the Bank of England's dis
count rate was without vWble in
fluence upon prices at the opening.
'(Jains and losses were eculy dis
jtiibuted. With the exception of
i American Locomotive width broke 1'4
IMjint.s en the first transaction changes
were limited te fractions. The list de-
eloped u firmer tone within the first
half hour en bujlng of leading oils and
shippings, especially Mexican Petroleum
and Mercantile Marine preferred and
I American International. Alternate re
actions and recoveries occurred in leatl-
' ing stocks during the balance of the
morning, meters and selected special
ities bing most eiratlc. American Ice
1 fell IO4 points, but quickly reitnercd.
I Studebaker, Chandler nnd Plerce-Ar-rew
were under pressure 'ns the icstilt
' of reports of further cuts in the auto
mobile trade. Iluii)g of seasoned rails,
especially Southern Pacific, Atchison
ami Reading, stabilized prices ugaiu at
1 neon.
1 Apart from the copper sreuti, which
suffeted from prefit-tnklns fol'ewing
. jcstetditj's List upward spurt, the gen
et al market meed forward In the early
iitlternoeii, epeclnllv Mexican Petre-
eum. which extended the earlv g.iin te
.'. points, teuchlns the highest price of
200
100
200
2100
100
2500
6500
6300
2109
1S0O
500
400
400
2500
17K0
'the sear. At the same time ueuernl
K'ecttlc improved almost - points. Ik
the meantime, with the premise of the
t. Imlnatien of a bend issue te meet the
soldier bonus requirements, nil the so se
ailed Government Issue' bicaine lead
ing active attractions of the bend di
vision. The Liberty 4h and 4'(s M'ereti
sains of '.Ml nnd 70 points respective!).
Leadership swung back te I'nlttd
States Steel In the final dealings with
that favorite tunning up te !tl!'j, a
new high for the movement. Oilier spe
cialties also made higher prices but ie
acted moderately near the closing en
selling of the rails.
FOREIGN EXCHANGE
New Yerk, Feb. 10. Open quota
tions this morning in the foreign ex
liange market showed an easier tone
100
500
8000
100
1300
3000
14.10
6300
800
009
40J
100
1000
100
1800
500
8')0
5410
230
5440
100
100
100
1110
noe
200
2100
700
6100
100
5100
4100
200
300
111)0
800
200
700
100
100
5000
3000
200
200
1000
801)
400
:ioe
K0J
KM
lillit
1100
:ej
3100
I4J)
KM)
It'll)
(1(100
300
7U0
tee
20 1
101)
und n restricted volume of business. I
(rotations In the early afternoon
wtre: Mcriins cable -j,,),,, demand
I.C'iPs franc cables S.lsi, checks 8.0i;
lire tables 4.&,"i. cnecks 4.S4'.. ; guilder
tables ,'17.!t.", cheeks U7.!X); marks
The rate of premium in Montreal to
day en New Yerk funds wns 3 per
cent. The rate of discount In New Yerk
en Canadian funds was 11 per cent.
Central European exchanges were:
ireek, 4..r5 ; Hungarian, .158 ; Austrian,
03; Bulgarian, .75; Rumanian, .80;
Cecbo-Slevaklan, 1.80)4 ! Serbian,
I.IW: Finnish, J; Juge-Slavlan, ,'M;
- , Poland. .0;t05.
TE&TERrJAT'S Ct-OSINO QUOTATIONS
Sterllne I'ran'-s I.lre Ouhdn
L-finand t r.'s, s nt 4,sri'j a7.L'ii
ables . . . . -t .15 S.OS'ii 4.S7 a7.JJ
TOUA"S Ol'KriNCl QUOTATIONS
hierllnw rr.incu I.lr Oullilri
,A- s 111 ! mijj ;n .in
JiVa s.m 1 sj a,, 33
CI.OSI.SO QUOTATIONS
Merlins I'ranca I.lr OulMeri I
, , . ITi h I'f I S3 37. Tl I
. . 4.3.'i S (Jj'j I S3'i 37 37
GRAIN MARKET I
Opcnlm.' UlEhcst Ijwctt Clesinz '
n
i
1 Jit i, '
I.-'.".
i,:i',
no ,
2
Ml'i
21.00
11.42
11 113
11 23
11 OS
10 07
11 00
11.25
11 'JO
10 PS
11 00
2100
20J.1
0900
5000
ltlilO
2 1 1
00 I
10 1)
311
111)
Tmnl
NEW YORK COFFEE MARKET
l.ei
il.
h III
H I",
h 'n.
8 V, '
8 3 )
K ill
8 II",
8 1.7
h T 11
8 73
8 73
HlKh
8 U
' b 17
l.iiw
b 17
b.43
ClOKO
tS 17
N.44!T III
H I". Win
sr.2S52
t" ."'I
s.l mMiij
s new nj
rcb . '
Mtrmli
April..
Mai...
b.30U3i
b.V.313
04 B-3
b 53
6 03
S ill
S.3I
8 fii
8il' 2
luiw.
in.,. July...
luTi Auis. ..
hvul..
Oct...
.Sev...
. T IM
. . t (Is
.70 js 711
rrmllnc
Lit-
h7l:3 .7J
Otfernl. tsemlnnl.
Cleverseed
rulrde, 1V1 ID. ruprscpil rinic. c-iih,
$1.1 .",0, lVhruary. II.' ,"i0, .March, tl." ,10
April, lit. te. Alitlkc, iirlnu-, i-utli. Jr.' .,
Kfhrunr. IV-! ' Mnuh $12 M Tlmeths.
prime ruali. $8.21 Keliruary, $.125 Muriii,
is nn uu'.iruup fep.nn: i uipr. .n.
'Ilt,tvii.u)iivi .1, m.ivyii i.n.t
NO, 2, Ill.QVVIXi rv. e. 111.1
TliJwOiy, Ne. 2, 1308.1"! Ne. ,
2.tJ.
1 11' j 1.42 1 fS,
1.U4 l.-Jl'n 1 .'t'i
l.i'i t.18 OJ'j
111', U1, op,
4."i 4T 4J
-Hi 4I" -U',
20 00 21 00 20 00
,11 no 11. in 11.30
11. 60 11 S3 11 30
sW.
li . i "V
1. niili 1 1
1 II ' t, t . ' I I M rfr ... 1
NEW YORK STOCK EXCHANGE.TRANSACTIONS
ftKSTO
I Hlsh I.
iress ..J...
urnely J... 13'4 '
niv.
Today's Nt
Cloae Chss.
In $
,ew
. Adams Exnress
03
3- I
. . Advance rturnely
"ft
lVi
13ft
18
57
103-
44
"03J4 88
88
0ft-
85-
38 -
102 ft
Y
ft
"ft
ft
ft
"ift
1
ft
ft
ft
U
,. Ajax Rubber I'M
4 Allied Chem & Dye... SH
7 Allied Chcm & Uye ptl3K
4 Allls-Chnlmem 45 U
7 Allla-Chalmers pf 'Ji
87 ft
103
44
;.-
38
03J4
35
85
102ft
3Sla
08
147
7
21
45 ft
8ft
Hft
13
00ft
07
80
42
0
37
88ft
107
80J4
8ft
43 ft
00
87 ft
I3lh
32
65ft
05
24
118ft
134
100
130ft
83
25
13 ft
48 ft
1)4
Wn
07 ft
8014
1!4
13
89
27
20
14
4
104
107
36
84 ft
31
80
84
02 ft
101
0ft
22 4
10
8
71
its 54
.12
117
01
5
26 ft
30
5
73
8ft
86j
20
15
33ft
7
33
12
57Ji
2ft
ft
15
?3
0
17
20
24 ft
B7
66
38ft
704
te
84
10
26
54
82 Yz
85
4554
27
"ft
70
1
7
65
21ft
47
02
12
101ft
11454
3454
CO.
81ft
IMS
ey.
23
5S54
18
111
111
22!i
5ft
139
5
70
104
10
18
lift
81
3054
Mft
101
83
12 ft
134
. . Am Agrlc Chem 3J
. . Am Agrle Chcm pf .
8
4 Am llaulc Nete
. . Am Meet Suetr
38
38
.. Am Besch Mncnete,
7 Am 13 Shoe V pf new. 192 W
.. Am Can 39 U
7 Am Can pf I8H
12 Am Car & Fdy 14JJ4
. Am Chtcle 7H
.. Am Cotten Oil "Vi
.. Am Cotten Oil pf.... M V
.. Am Drug Syn 5Ji
8 Am Express 135
.. Am Hide & Leather.. 14
. . Am Hide ft Leather pf 87
7 Am Ice 100
0 Am Ice pf 9Vi
.. Am Inlernat Cerp.... 48H
1 Am-La France Eng.. V
.. Am Linseed 33)4
.. Am Linseed pf 58I'S
0 Am Locomotive. 1084
4 Am Radiator 87 tj
.. Am Safety Razor....
.. Am Ship ft Cem Oft
. . Am Smelt 40
7 Am Smelt pf 01
8 Am Smelt Sec A 87t4
12 Am Snuff 188
3 Am Steel Foundries.., 32 i
.. Am Sugar Ref 87)4
7 Am Sugnr Ref pf.... 08
.. Am Sumatra 28 Ji
0 Am Tel & Tel IWi
12 Am Tobacco l4Ji
6 Am Tobacco pf new. . . 100J4
12 Am Tobacco B 130 J
7 Am Woolen 83J4
.. Am Writing- Paper pf 25V4
.. Am Zinc Lead ft Smlt 13M
. . Anacenua copper .... 48J4
.. Assets Realization ... 114
4 Asse Dry Goods 58 H
8 Atch Tep ft Snnta Fe. 08
5 Atch Tep & S V pf . . . . 88 14
.. Atlanta nir & Atlantic 1V4
.. Atlas Tack Cerp 13
7 Atlant.c Coast Line... 80
.. All Oulf & W I S S.. 28
. . Atl Gulf & W I S S pf 20
.. Austin Vlchelan ... 14?;
.. Aute Sales Cerp
7 Baldwin Locomotive. .104
7 Haldwln Loce p 107
.. Baltlmetti t unie.... 364
4 Baltimore & Ohie pf. 4J4
.. Birnsdale Class B... 21
.. Bntepllns Mining.. "i
A Bethlehem, Steel 80
C Rfthlehem Steel B.... t8H
7 lietnlehem Stect ".. 03
8 Bethlehem Steel 8 pfl07
.. British Em Steel .... 0J4
.. Brit Km Steel 2d pf.. 22
.. llrklyn Rapid Transit 11 V
. . Brkl n R T ctf s of dep 0 !
.. Ilrklvn Union Gas .... 714
. Burns Bres A HBJi
.. Burns Bres B 32
7 Burns Bres p of.... 117
7 Bush Term Bids pf . . . 01
.. Butte Copper & Viinc. 8?i
.. Butte & Superior cop. 28 W
.. Butterlck 30V4
.. Cal Zinc & Lean 5
0 Cnllfern a Packing .. 73
.. California Petroleum 49J4
7 California Petrel pf.. 881-5
10 Canadian Pacific 131 Y
.. Carsen Hill Mining-... 15
.. Centnl Leather .... 33yt
.. Central Leather pf.... 07
.. Cerre-de-Pasco 334
0 Chandler Moter ... 64(4
4 Chesapeake & Ohie... 5SJ4
.. Chicago & Alten .... 2?f
. . Chicago & Alten pf . . . 5
.. Chi & 1: III (new) 1554
.. Chi ft E 111 (new) pf.. 3J4
.. Chicago ft Gt West.. OH
.. Chi & Gr West pf 1794
.. Chi Mil ft St P 20
.. Chi Mil & St P pf.... 34
It Chi & Northwestern.. 08)4
4 Chicago Pneu Teel. ... 68
. Chi R I ft Pac 26
6 Chi It I & Pnc 6 pf 77ft
7 Chi It I & Pac 7 pf 80
7 Chi St P M S. O pf . . . 84
.. Chile Copper 17'4
.. Chlne Copper 20
80ft-
08
147 -
7ft
2J.
48ft-
8ft
134 t
14 Of
09ft
80 -43
0ft,
83
88 -
107ft-
87ft
Oft-f
87ft
138
31 ft-6-05
2454-
118
134
100
139ft
83ft
25
13 ft-4fft-154
8654
07 ft
86 ft
lft
27 ft
22 -14-
4 -
104 ft-
107 -
30 -
8454
21 -
60
107 -
( 0ft
22ft-
10 -
8-
71
11C ft -32
117
01 -S
ft
8 73 -48
ft-80ft-
130 -IS
-33
ft
07
ft-
254-
18 ft-
53-
0-
17 -20-34
ft
07 -66
-35-77
-80
84
10
36 ft
55 8254
ft
27
45
74
-
8ft
66 -
2ft-
48 -
92 ft-
12 ft
34 ft-
01
81ft
18 ft-9ft-
23-58-
Clev Cln Chi & St L. . a
8.00 Clev Cln Chi & St L pf 82 ) J
.. Cluett-Pcabedy 60
4 Coca-Cela 45
.. Colerado Fuel ft Iren. 27
s Colerado & Southern. 45
6 Celum G.is tic Lice.... 74
.. Celum Graphopheno.. 2
.. Cel Graphopheno pf.. t
4 Cemp Tab Itec 07
.. Consolidated Cigar... 22
.... Consolidated Cigars pf 48
7 Consolidated Gas 02 ft
.. Consolidated Textiles. 12'
4 Cern Products Kct...l3ft
7 Cern Products Ret piH4hz
s.oe.Cosden & Ce..
35
2ft
HI ft
IHft
4 Crucible Steel
7 Cruclbk- Steel pf....
.. Cuban Am Sugar ...
.. Cuban t,ane sugar
uyn
Cuban Cane Sugar pf 24
Dalsen Chemical .... efn
Oft fin UpheerH Cen Mill Ltd 10
18
111
112
3ft
5ft
0 Delaw-ate & Hudsen.. 1111
6 Del Lack & Western. 112. ft
1 Deme Mines 23
.. Dulutlt Se S & At pf. 554
12 Electric Storage Bat.. 141ft
.. Emersen-Brantlng . . 5
5 Endlcott-Jehnson .... 80ft
7 Endlcott-Jehnson pf. .108
, Erie 11
. Erle 1st pf
.. Erie 2d pf "54
8 Famous players L.... 82
4 Pederal Mln & Smlt pf 30 ft
ie Fisher Bedy M!rt
7 Klaher Bedy pf 101
KlHlur Bedy of Ohie pf S3
.. risk llubhir 12
.. Frccpert Texas HJs
nnntnn Wms & WiC . 14
130 -
8
80 -105
10ft
17
lift
82 ft
101
83 -1254
13ft
ft
7 54
01-
08
H0
8
54
6 Gen Am Tank Car. . . . Va i?
.. General Asphalt 02 61
7 General Cigar deb pf . . 08 98
8 General Electrle 151 147
. . General Meters 8ft 8
6 Gen Meters deb 6 Te.. "0 60 Ji
.. Goedrich B V 37 37 54
7 Great Northern pf.... 76J4 755i
4 Great North Ore ctfs. 35ft 34,
.. Gray u.ivls 17Ji 17 ft
.. Guantanamo Sugar ..7 7
. . Gulf Mobile & Ner.... 7'4 754
.. Gulf Mobile & Ner pf. 22j; 22ft
.. Gulf State Steel 76 73
.. ilarblrcthaw Kl Cable. Ift 1ft
7 llartman Cerp 8 81
.. llendee Mf(J "ft "
.. Housten Oil " J-H
.. Hupp Motorcar ft 14ft
.. Hjdrnulle Steel 8 4
7 Illinois Central 103 10754
,. Indian Reftnlnir ft 7
.. lndlrtliema Ref 3J 3?i
.. Interh Cen Cerp 3 2
.. inter!) Cen Cerp pf. .. 85 8
.. hit Agrlcul Cerp pf. . 37Ji 37ft
. . Inter Comb Unit -'5J 24
3 Int Harvester new. .. . ''554 85
7 Int Han-nuw pf 108ft 104,
.. int Met-Marine 15 15!2
0 Int Mer Marine pf. ... 73vi 71ft
.. Internat Motertruck.. 27 28
.. international Nickel . 12 12ft
0 Intermit Nickel pr.... 08 68
.. International Paper .. 4SJJ 48
A Inter Paper pf Hlpd.. 08 68
.. Invlncblfe Oil Cerp. . I4JJ 14 Ji
.. Iren Products 33 31
..Island' Oil ..... '-'ft 2ft
.. Jul Tut 10 15iJ
.. Jew 1 1 Ten, pf 68 50
.. Jcnes Bres TfU 36 30 tj
.. Kansas City Seutneiil 4 24
. Kansas ic Gulf (.ft 0
70
37 ft
78 ft -38ft
17 ft
7 -7ft
2ft
lft
84
13ftf
70
14 ft
5
102 ft
ft
3ft
3-
8ft ,
37 ft
104 ft
15ft 71ft
26 ft
68
4Sft
68 14ft
32-
2ft
16ft 57 ft r
30
24 ft-
6 -07
37 -shares
. .
8
Miln
Knjxcr & le 01 90
Kellv.Sp.-lnBlKdd Tire 37
aefi
701,000 8liari', compared with SO 1,100
German Bank Statement
llrrlln 1M in. 'I'm italrniHiit et the
inpirlil IIjiiK f tl nmw, as of Keferuarj T,
Hhuwa the fn limine rlanssi Total coin and
bullion (P-creu'il 1 071 "00 inarkd, eehl un-rhane-l,
trMHili neu-i Uwrtaiwa 231 R(I2..
OOli, nmeit of nlh-i li.ink" lnrri.til ii.1l 000,
hilU illfceuuteil il' i fufptl 1 .1U,2H1,000, Hit
vancix lucr-i'ikf 117.2,11 000 Intmtii'em In
rrfane.l 2U7.000. ether eciiritlex liicrinil
Oregon
Portland. Ori..
yllulA Ilinlt or
Cunmii 1', Olsen, the president, Hiineunvii
lout nlKht. O II, ltelrlcn, rltat hank e
unlncr haa tk-u rhartf. aicerillim In (In.
aluteniint. Ne reaen w.i Klven for the
ULllen, The bank hnu lopeulm of $.'.700,000
Alplke, 1.187.1101,000. notes In rlrculat en Jnrreaw-d i . , .. ..
Ttl.Ba J tSe 2.11 000- depealta lecre.iaccl 334 603.01)0. 1 IJulut l, , Hb,
2.83f lather llabllltlea derreae DOd.485.000l tOtM J2.S402.57l te
v ,old hoi Unci, OSB.flOOjOOO, l.'.e7i July. 12.1
DIV.
Int
Bute
100
200
399
000
1100
100
1009
000
100
Hlth
Leir
0 Kclly-Sp Tire 8 Pf. 00
. Kelsey Wheel 07
. Keokuk ft Des Moines 8
. Kennecett Copper... 37ft
. KeystensTft n 10ft
A Kresg- 8, 8 137
. Lackawanna Steel .. 48ft
. Laclede' Gas of St L. . 80
08
T
lft
lit
48
40
7ft
50 ,
188
180
13ft
10
ft
81
40 ft
44
80
44
90
7 ft
81
11
123
88
30
13ft
30
8J4
00 ft
2
10)4
30 ft
12
18
48ft
00
13
20 ft
10ft
134
31
77 ft
lft
43
89
3
13ft
60
89
76
63
7ft
21
13
100 ft
66 ft
41
7
7954
2ft
6ft
18ft
138 ft
10ft
28
7W
6ft
4
69ft
65
40ft
34
8
75 ft
23
67 ft
68
34
05
31
15ft
31
7ft
60ft
00ft
24 ft
15
63
91
20ft
78ft
118
30ft
33
05ft
13ft
74 ft
46
48 ft
31
31
82
84
5
60 54
10
13
24
43
25ft
28
lft
2Ji
4
8ft
"ft
01 ?i
12
31
19
49ft
61ft
83ft
18
61
88
03
178
115
09 ft
42
84
4
6ft
3
10 ft
44ft
30
24 ft
306
4254
22ft
14 ft
23
i.3
ft
34 ft
73
08
19
139
73
102 ft
20
137 ft
0
28 ft
64 ft
25
02 ft
3
44 ft
61ft
635J
Mft
34
43 ft
09
116ft
dlft
13
34
31ft
8H
81ft
67 !4
7ft
7ft
21ft
12 ft
16
00ft
05
63ft
189
7ft
14ft
Oft
4
25 ft
a ft
75
28 ft
151
47
Jee Rubber T re .... 3714
14800 8.80 LehlKh
nn vel
lalley
00ft
inn
100
099
200
800
100
000
800
12 Liggett ft Myers 138
12 Llgsett ft-Myers B. ... ISO
.. Loewn Ce 12ft
1 Left Candy 19ft
... Mclntyre P Mines.... JJ4
6 Mackay Ces 81
.. Manatl Suar 4674
1 Manhattan Elev guar 44 ft
.78 Manhat Shirt 10ft
H
ft
"ft
lft
200 1
299
809
1010
8600
tee
700
3000
. . iuarKet Bl Kwy yi
.. Market St Rwy pr pf 47
.. Marlln Oil 26ft
.. Martin Parry 29
. . Math Alkali 31
.. Maxwell Class B lift
13 Mexican Petroleum ..120ft
8 Mexican Petroleum pf 88
2 Miami rAnnAw aai
..
ft
ft
1ft
100
000
n. .;-...:- --'- "7m
iaI "tmuie utntes Cerp.,
1SJJ
Mldvate Steel 39U
100
100
.. Minn ft St Leuis .... 8ft
7 Minn St P ft s gt Me. 00ft
.. Me Kansas ft 'lexas. 2
.. Me Kan ft Tex (wl).. 10ft
. . Me Kan & Tex (wl) pf 30
. . Me K ft Tex 1st A W. 12
.. Missouri Pacific 10
.. Mo-Paclfle pf 40ft
8 Mentana Power ... 00
.. Montgomery Ward ... 13 Ji
.. Mulllns Bedy 20ft
I.. National Acme 11
7 National Biscuit ....134
. . Nat Cleak ft Suit . .. 30
7 Nat Cleak ft Suit pf. . 78ft
.. National Cen ft Cable 2ft
Nat Enam ft St .... 43
0 National Lead ....... 00
. . Nat n R of Mex 2d pf 3ft
Cen Copper 13
0 N O Tex ft Mex .... 61
..NY Air Brake 88
8 New Yerk Central ... 77ft
6 New Yerk C ft St L.. 63ft
.. New Yerk N H ft H.. 18ft
New Yerk Ont ft W. . 2lft
.. Norfolk ft Southern .. 13
7 Norfolk ft Western ... 101
8 North American ctfs.. 87ft
8 N American pf ctfs.. 41Ji
. North Amer its 7
7 Northern Pnclllc .... 80
.. Ofcla Pred ft Ref .... 25
.. Ontario Silver Mining 5ft
.. Orpheum Circuit .... 10J4
ft
ft
"ft
8
"
ft
ft
"
ft
ft
ft
"ft
ft
800
33090
8009
400
2409
3199
399
399
399
299
209
1390
800
3309
2889
1800
709
1890
609
100
3199
809
3799
200
100
600
800
509
890
7290
700
109
100
800
100
1090
100
809
7409
899
9200
8400
409
8400
1000
1399
300
101
300
300
8309
4609
2699
6340
000
100
200
2ft
ft
ft
ft
ft
ft
ft
"ft
ft
ft
ft
ft
"ft
1
e una iievaier ie
Otis Steel
1115.4
28
7ft
5 ft
47
01ft
2 Owens Bottling- ...
.. Pacific Devel Cerp.,
8 Pacific Gas ft Elee
8 Pacific Oil
.. raclfleTel&Tcl...,
8 Pnn-Amer Petrel ..
56
ft
Pan-Am Pet Class B. 52
2 rennsllvanla rt R. ... 34
.. Pcnn Seaboard Steel.. 8ft
0 Peeples aas Chicago.. 76ft
. . Tere Marquette 2.1
0 Pcre Marquette pf ... 87ft
fl 1'ere Marq prier pf . . 68
3 Philadelphia Ce 34ft
.. Phllllps-Jenes 90
.00 Phillips Pet 33ft
. . Plcrce-Arrew Moter. . 10
!
ft
ft
ft
ft
"ft
lft
ft
ft
ft
J4
. . Plerce-Arrew Met pf .
.. Pierce Oil
8 Pierce Oil pf
0 Pitts Ceal
32
8ft
SS
60 ft
24 15 ft
65 ft
91
28
70
Pitts & West Va...
300 1.80 Pend Crek Ceal
1200 . . Presspfl Stil Cnr .
100 7 Pressed Stcl Car pf . ,
1200 .. Producers Refiners..
530 4 Pub Kftt-vlre of V T
1300 g Pullman
.118
509 .. punta Alegre Sugar.,
1499 s pure Oil
37 $
34 ft
100 a Rnllwnv Stpnl Rnrtn fl.Vli
600 .. Hay Cen Copper .... 14 ,
W80 4 Reading 75ft
100 2 Reading 1st pf 46
390 s Reading 2d pf 49ft
600 .. Remington Typewriter 32 ft
800 .. Replogle Steel 31 55
2000 .. Republic Iren ft Steel 53
100 7 Repuh Iren & Steel pf 84
209 .. Republic Meters t
v
ft
3199 8.20 Royal Dutch N Y
80
290
Rutland RRpf 19
100
1999
709
1390
10311
100
100
1090
600
2100
103
303TT)
100
4500
300
300
12800
1800
809
15
6509
2000
800
200
1500
22509
399
1200
1200
1409
8400
3509
4099
237
1919
290
709
500
310
7300
100
100
300
1490
4299
309
309
508
890
499
900
2700
900
190
1700
1100
1799
9200
500
1 St Jeseph Lead 13
.. St Leuis San Fran ..24ft
.. St Leula San Fran pf 43
. . St Leuis & S W R R 25ft
.. St Leuis Southwest pf 39
.. Santa Cecilia Sugar .. l?i
.. Saxen Moter 254
.. Seaboard Air Line .. 4ft
.. Seaboard Air Line pf 8
. . Kears-Iteeburk 64 j;
7 Sears-lteebuck pf. ... 01
v.. Seneca Cep Cerp .... 13ft
.74 Shell Transport .... 38
.. Sinclair Oil 10ft
Sless-Shellleld
41
. . Se Perte Rice Sugar
0 Southern Pacific ...
.. Southern Rail ....
. . Southern Rail pf , ,
62 ft
84 ft
10
51ft
88
8 Standard Mill pf
4
5
7
7
ruaiiiiurn Ull 01 -ai.. u;4
SUudard Oil of N J.. 180
Stand till of N J pfll5
Stern Bres pf 00 ft
1
lft
ft
..
3 Stewart Warner Speed 34 ft
7 Studcbaker 15;
.. Submarine Beat Cerp 4
.. Superior Oil Cerp .... 5
.. Temter Cern & P "A" 3ft
.. Tenn Cep ft Chem . . . . 19
3 Texas Ce 45ft
.. Texas & Pacific .... 31
1 Tex & Pae C & O 20
. . Texas Pac Land TrustlOO
3.30 Tex Gulf Sul 43
.. Third Ave 23J4
6 Tobaree Products .... 2ft
.. Tel St L & W ctfs B. 25 Vz
. . Tel St L & W pf etfs B i4
.. Trunscen Oil Oft
4 Transue Wm htcel ... 34 i
7 Twin City 11 T pf.... 73
8 Union Bag &. Puper.. 8ft
.. Union OH 19ft
10 Union Pacific 131ft
4 Union Paclfle pf 73ft
1 Union Tank Car pf. ..192
.. United Alley Steel .. 27
8 United Fruit 138
. . United Rwy Invest. . Oft
.. United Rwy Invest pf 20
ft
1
ft
1
ft
"
lft
Y
..
..
!i
Ji
54
1
..
ft
ft
ft
ft
lft
"
ft
ft
'ift
6 United Retail Stores. 64
.. u 8 C 1 l' & Fdy...
IUSCIP& Tdy pf.
..US Feed I'reducts.
..Us Ind Alcohol ...
..US Realty & Imp...
..US Rubber
8 U S Rubber lat pf . . .
62 ft
3ft
45
62 54
55ft
00
31
41Ji
01
110
62ft
1454
36
31
68
109
U S Smelt & Itnf.
100 8.80 U S Smelt S. Ref pf.
41500
BUS Hteel
309
4190
1400
8109
1900
200
209
100
1200
500
930
209
100
300
109
7109
40
700
100
3400
300
500
v 700
100
300
400
509
7 U 8 Steel pf
8 Utah Copper
. , Utah Sec
.. Vanadium Cerp .
.. Va-Cur Chemical,
lft
4
ft
Va-Car Chemical pf .
6 Va Iren Ceal A: Coke. 8155
Hi ir cc e in w i,, e y2
.. Vlvaudeu Inc
7ft
ft
22 ft
12 ft
16
00 ft
. , Wabash
,. Wabash pf A
1 Weber & Hellbrencr. .
. . Western Pacific
7 Western Union Tel . .
7 Westlngheuse A Brake 05
4 Westlngheusb a ft M. 64ft
10 Weyman Bruten ....180
.. Wheeling & L E.... 7ft
.. Winding & L E pf. . 4ft
1
ft
v
ft
ft
lft
ft
11
.. White Oil Cerp ...
. . WUIys-Ovvrland . .
.. Wllbs-Ovcrland pf.
., Wilsen &. Ce
1 Wilsen & Ce pf. . . .
,, Wisconsin Central..
6 Woolworth V W ..
4 WorthtnKten Pump.
10
. 5
. 20
. 37 ft
. 75
. 28
.151
"ft
ft
sterilas'
Thu Or this uck-K, 2,238,800 eharef.
BANK CLEARINGS
Bank Closes
lb in '-(Hv A. t
T,, , Bank clearings today
i!" r-Kiiidliur day Inst te
Pnrltanil u III tint urtAn ,..l.
1II2J
Phlla.
Itimlnn
J80.000.000 J77
5J.oeo.oo1' ni".7in.401 i) 916.117.
.N. VerK..7n,u."U O.M UIA1Td V.,4, 1(11 UT
Chicago,. tl7.7O0.0OU 011,057, IDtl lO-JlaTSl-ti
.. ..... - . - ..'.:" wj .ii
BAR SILVER
Domwtle bar allycr wan uneliangrd le New
Flaxseed
ltl.- .FluxKpd en track.
Tnrk livlflV at HI)
K"
0.
arrive. $2.102.BO; May,
09 H. Hind,
itKli. wllne n
a Hd lawxr t S'
Today's 'NH
Clots Chte
as '
IN THE P. X. ISSUtS
JK-f- H
7
I5H-
117
. 48ft-40ft-
American Stores te Convert
Preferred Shares Into Inte
Common Stock
37 4
, oeftf 1H
168
180
13ft ft
10 ,.
2ft .
81
40ft- ft
44ft- 1
80 ..
- ft
40 - H
30ft-'
28-
'About the most interesting develop
ment In the local market today vm
announcement of the special meeting
the stockholders of the American
Stores Company te fellow the nnnual
meetlrur. which was called for the pur
pose of acting; en a plan providing
the conversion 01 tne nrst nnu sccenu
B referred stocks Inte eommea stock,
eth first preferred Issues, according te
the terms of organization! Is cenvertlb'c
into common stock en the basis of 1 1-3
shares of common for one share of
preferred. Such a step will necessarily
call for the authorization of an increase
in the outstanding common stock te
provide for such conversion.
The conversion has been hinted ever
slnce the stocks of the company began
their remarkable feswnrd movement ever
six months age, which carried the com
mon within a shadow of par and the
first preferred abeve 130. The an
nouncement enme as somewhat of a
surprise in view of the known plans for
expanding the operations of the com
pany which the management had iji
mind. Then again no indication of such
Intentions vere given after the betird
meeting yesterday, when the directors
declared the usual dividends en all the
Issues. Whether the preposition wa
misunderstood gr whether the street did
net take k'indly te its scheme, the stock
nt any rate continued heavy, sustaining
n further decline te 02, an ever night
less of 24 points and nearly seven from
the high of last week.
Frem 0 strictly m'arkct viewpoint the
outstanding feature was the animated
rebound in the Philadelphia Electric
issues, carrying the common up te 24i,
nnd the preferred te 28. The movement
was associated with the success of the
offering of additional new preferred
Meck which was paid for jestcrday by
the stockholders. . .
Trndlne In Phlledelnhln Rapid
81
llftf
ft
S
ft
ft
138
1
88
20
1354
,80 Ji-
8ft
00J4
2ft
-1
48ft
00 -
13ft !-
Si:
i- ft
20 ft
10K
134 8
34ft 4ft
78ft 1
3 H
43 ft
00 lft
3ft ft
13-
01
60
77ft
63 ft
17J4
21J4
13 -100ft-50-41ft
7-70-
3ft
8ft-
10ft-
140
ft
ft
4
Transit Company continued quiet, but
the price was rallied te 24 en the stand
taken by one of the city directors in
supporting the1 Mitten management.
Trnding In the U. G. I. issues was
again en a smnll scale with slight price
shading. Union Traction bugge.ted
continued dribbling liquidation, jleldlng
te lii at 35.
The t?cjrcallcd coal stocks continued
in geed favor, with Lehigh Navigation
OEaln well taken within a shadow of
10 ft
28 ft
7ft
esft
40ft
Olft
66ft
81
34ft
. 8 -78-22-87
ft
08 .14
00 31
15 -31
'ft
52 -60
ft
24 J4
18 -
ft
ft
lft
ft
ft
ft
71. Wider Inquiry developed for L
lu'ch Valley, crewing GO. In t.eme el
the innetlve issues the merlwt was
found te be extremely thin. American
Hallways preferred en a few odd lets
dropped 6 points from the previous sale
te 22. Westmoreland Ceal, en the ether
hand, advanced 2 te CD. ltuffale and
Suequehnnna preferred advanced 4'j
points en odd -let transactions. Tqno Tqne
pah Mlnins mnde a new fisure for the
year at 2. IJanlc of North America
warrants remained firm at ,02. War
wick Iren and Steel en Mnall dealing! dealing!
lest Vi point. In the last hour American
Stores first preferred dropped il points
te 123.
ft
3ft
ft
ft
ft
7
ft
lft
04 -
01 -
27ft
70 -
110-
30 ft
34 74ft-
1
lft
ft
ft
2ft
"ft
Philadelphia Stocks
Lew Cleie
021X 1K
0
Hlsh
1000 Am Stores 114
40ft 1
31 -
72 de Jt pf.l2.i
12U 125
31 -62
84
6 -60
ft
10 13-
24 -4.1
25 ft
S0 lft
2ft 4!i
8-
r.ift
01 12-
38
siwt
iwAm un.. eiiya
20fAm In Cor -M
2.1 Am Itwjs. r',i
18 de nref.. 22
.sv .. ... mt I
58
4.t
4.1
22
27
23 f At I Oulf. 27 27
02 Bank N A
war w i. 02 'i 02 i
imiJul&Ste. 7-J1.. 74j
10 llrlll pref 70 70
JOtCriiclble.. t(2'. CUIJ,
40tUM&Str 20 20
IfJOtChl & Ot
West pf. 17 17
lOOtCel Graph 19i 1"4
lOtUavis'nCh 3!) D
0214..
744
71) ..
024-h
"e .S
17
1-T.
r.!)
110 Klec Ster.141 140 140
lOtUel & L.112U H2',4 112,l
lOfFam I'l.. 82 82
81
1U tien Asph U li'J
lOfGulf Stn
Steel ... 74& 74s
378 ICNA.31 .IOVj
lOtlnt Ma pf 71 Vj 71 j
CfJewcl Tea 13'i 131
100 Lake Sup. 8i 8
40SI.cli Nav.. 70Ts 70-.
02
5lft f. lft
74-
lr.aT..
m
70 'j
8fft
10
61 -
8H
00 ft i
180
H6ft
09 ft
33 -04-
4 -
6Ji
lift J.
"ft
45 -31
25ft
ft
1S-
1
1
i
1
55
"ft
"ft
tu; t.en vai . liU'A lilt
00
lOOtSIpx IVt..TJ.1Ti
OOtMex I'ct..l23 12HTA 12T,
ntMiaml Cep 2(1 20 2il
25tM Sta Oil 134 13',i W,?.
Mtl'nn-Amer
Pet .... 0(5
.04 Pa R H.. 5
000 Phlla &W 8
80 Phila Ce
cum pf. . 37
1181 Phllu fclec "!',
213 de pref.. SSVi
3130 P It T... 21
20tKeading .. 73
30 tde Iht pf 40U
no
8
50
35
8
37 37
24
409 60
27Ti
23',
70
-S
23
75
w'4i
404li
2
Bn
40 ;;
02 ..
00 2
47ft- ft
2 ft- i
62ft .
25 -34
-ft
r
Jft-i
73 -68
ft
19ft
130-7!.-
102
20 138
ft-12ft-
Ji
"ft
ft
1
1
ft
v.
ttl'4
80 tde 2d pf 40 '1 40 K
25tStudcb,lter I)4tJ J14
eUTu 1 'lie. t4'-.
,'lOtTexas Ce 45 X.
100 Ten Itel.. lift
510 Tone Mln.
15
1
0
34
en
lOOfTranK Oil
1070 Union Tr.
105 U G I .
253 de pref .
8War. I&H
!
35
40
02
7S
12 West Ceal 00
200 Yerk Kwy 134
13
l.i
tNet changa madg by comparlaen with
al en Naw Tork Stock Exchange.
Total Halts. n.Wi rharts. rumuarcd
12.B2S aharca
jeaternay. Thus fur
'4 f
46
:A
34 -
48 Vi
DIJi-f
-
eck, 3S,b03 ahurra.
riIIUIKM'III V I10M)S
nOO Liberty lt 4',k M7. .. .
C000 Liberty '-M -Pin 'lli....
14".OLlberty iM JUh '1L'....
2000 Liberty tl 4's 'L'S....
300 Liberty Hd 4I',b "-'S...,
100 Liberty :itl 4is, 'lis...,
00 Liberty il 4V$ 'S...,
3M0 Libetty 4tli 44 M8. . . .
t!00 Liberty 4th 4Hs 'ItS...,
Vi
Yi
"li
Y
1
V
34
Y
Y
K
?.
Ji
'74
34
31 K-
68 f
m--
2114
mi
80J4
8 COO Liberty 4tli 4",s '.'IS.
1800 Liberty 4th 4",k K'.H.
7.)0 Victory 4-!',h "J:....,
700 Victory 4Wm "....
4000 Victory 40 s "J.'i....
Iet8.100.0ll
....100.08
.,..100.22
jikmi Atiicr iins et i.iee s. . . .
100 Amer (inw fi. Lieu Oh.let.i
500 City 4s 1040 rift
3000 Klcctric & People's 4k...
2000 Pblln Llectrlc Int Tih....
1000 I'liila Electric 1 Gs rcg.
1000 IMillu Llectric 1st Tis....
"000 Phlla Klcctric In Tis.-Wm
H
84 , 9;
ISO -f-S8Ji
1Yi ..
" ..
?4 ,i
- H
f '
J4h H
75 , ,
"94 . .
161 l
4i a 4- w
MOO Phlla Electric (is.... lets
0000 Phlla Electric (Is leth
OIK) rntin liicctric lis W'K
14000 UnltPtl ltullwnH ns..letrt &.'
Total. $51,700. rempainl th $1,17. "011
ytaterday. Thus far this melt, $Jle,tjQO.
CfOTTON MARKET
Test. Teday'a
clesn open
March 17.UH 17 8
May." 17.HH 17.H0
July 17.15 ?I-2
,jyh . 'S?r
.Cle;
!i.!2 ii'S? '
..,"1 1I,,)U
17.10 111 si)
Oot. .. IOPI I'l.LI
lii.ii'l 11)81
Den.. 1 el 1V.1U
Sptt. 17,l)0c.
iti.18 in 21
compared with cer
iar- "" cer
ll' - 'l im.
214,70$ I82.0B7.B1,i
Liverpool Cotten
T.l l.l...J
uvripe"i. s-nj. in. a neon nusiness
. ... J.L 1t . . .
n
J
w.. .-., ....- j- huuij eumne8s uas
spot cotton da wlih prltH steadi
VS.f YW?ng?A at ,0'71'1' The ali
?0,i .''?':.. r,1,.:!'.cK,' with lO'iO
oena in .I'm i'iii im.
and roiaenna
ur 111. non
ba.ea. an Amnriian. 1 uturea were
iiurrs were aieany
"Ml, prices, were:
Inw, le.Btdi mid.
IU W ', . .l,"'"". w"JV
Arnericae rniaiiuriif rair. :
lilnir. 10.0S.1: fully mlddl
il"'r OUSCsi.?erlIn
in Londen tb $rlc
in-..'w-2,.?1-, 1vl ai5. Aiftii
pruinl. ,v.w n..v v.uiuary, .0(,
STRAWBRIDGE & CLOTHIER
FIRST MORTGAGE COLD BONDS
Due March 1, 1942
FREE OF PENNSYLVANIA STATE TAX
r
I Price te Yield 5.90 ,
JANNEY & Ce.
Formerly
MONTGOMERY CO., Inc.
133 Seuth Fourth Street
PhUadelphi.
Telephone
Lembard 4320
the
of
for
Bank of North America
Right te Subscribe
If purchased ml present prices will yield
OVER 6
We Solicit Inquiries
BARNES & LOFL AND -
147 Seuth 4th Street
Telephent Lembard 4172
fl
Stocks
Colerado Power Ce. Cem. ,
Fireitene Tire & Rnbber Con Cen
Goodyear Tire & Rebber Stki.
Havana El. Ry., Lt. & Pr. Pfd.
Teledo Ediien 8 Pfd.
Virginia Ry. Ce. Stks.
Bends
Cin.,Hamm'd & Dayton Gen. St
Tnlian Tel. Si. 1951
Havana Elec. 5s, 1952
St. Panl (.able as, iwt
fl-'.t.J D R Rt Panl da
Wheeling & Lake Erie 4s, 1949
A. A. Heusman & Ce.
Ifrmbcra Ntw Yerk Stock Exchange
20 Bread Street, New Yerk
i'niLAiEi.piriA
WASHINGTON
HOLLAND
AJini j8er.e
PrUatt wire te principal citic
Net
chse.
10;
1
..
0
..
WE invite con
ference in
respect te the
status of bends
under the Reve
nue Act of 1921,
or' en any ether
current invest
ment subject.
'
i'
"-
- ij
HARPER &TURNER
Investment Bankers
Members Philadelphia Stock Exchange
Stock Exchange Building
sermon Philadelphia r.cajm-
7'
Proven
Public Utility
Bends
Baker, Yeung & Company
JOSEl'll W. BWAIN. Jr.. Manager
Lend Title Bldg.
Boiten Philadelphia
laat
wtih
thlj
110.00
1MJ.7S
00.84
H7.1I4
07. .V.'
07.4(1
07. 02
07.18
07.3(1
07. CO
07.38
WANTED
An established financial Inatltutlen
of this city desires te s(.ure thn aer aer
lces et a cmiahln repreientiUhe for
nieclal work. Ne twhnlcal Imnklnic
lialnliiB required, A man who na
heen u mKccaKful saleamun In pre.
ferred l'er the right iwrten, a per
manent poelilon with eptMirtunlty for
iiiiMincement. Thla is net a promo
tion achnne. htate aice, experience
und aaUry expeeicd Only thenn who
ran furnish th hlBhcst rfrnci
lieeil apply. lteplles confidential.
11 nai). i.kikiKK nr'ncr;
IP
09
4Va
SI'1
0514
uiuiu hDiJi 111 n1i1.11 innimiiiii.iiijiiu.iaiiiiiiiiijiuiijjjn,
Central Vermont Rwy 5'i, 1930
Nassau Electric R. R. 4', 1951
Strawbridge & Clothier. . .6ri, 1942
Arthur C. Richards & Ce.
Private Telephone te New Yerk
05
1017t
102
wrexei uiiuainir
llell. Im. 7038 Kerat.ne, Mala 71t
111 1 111 1 1 mil 11 1 1 1 11 1 1 11 11 1 1 uiiii win in u 111111111 Um m '
SaFe Bendsinvestment
HALSEY, STUART
& CO. Inc,
Land Tltie Dldg iene. Locust 7110
nc
17,,'IOa'S.'
m no wh
was
iiigsxasErgLviixri
aleady
! A. D. CONVERSE & CO.
nv!.cUI Tru,t WS'. Phlla
reed
Halllmert
umni
7v
"A-"' -..
1 "Vf
v
PluUtdelpbi
Strvie and Stability
55?!
1
1
-1
'
1
m
i
"eMBjiiea 'III
I !.
Beginning
March 1st
We will have a Deputy
Collector e f Internal
Revenue at this office
for seven consecutive
days te assist our clients
and friends in the prepi
aratien of their income
tax returns.
We invite you te make
use of this service.
Integrity
Trust Company
Fourth atd Green Streets
si
m
iWi
TS
ij
m
1
I
t
v
Capital SS00.000
Surplua A Profit $1, 860,000
1
.si
4
Spruce 8200
We Will Purchase
Victory
334
Notes
At Par and Accrued Interest
SECCRITTES TiEPARTSTENT
COMMERCIAL
TRUST COMPANY
Member Federal Reaerre Prstem
City Hall Square, West
J
l!
Ciy.ClarkftCe.
BANKERS
Dealer in
Investment Securities
Hemlcrt h'ew Tork emd PMtatUlpMa
Bleck Exettangn
321 Cheatnut St., Philadelphia
Equipment Bends
Pennsylvania R. R. 6s
' Jan. in. me-1031
Te yield 3.75ft
Missouri Pacific 6s
Jan. IB, 1031-1033
Te yield 3.80
Baltimore & Ohie 6s
Jan. in, 102,-.. 1034
Te Jleld D.7S'.'.
Circulars en Request
Townsend Whelen & Ce.
Member N. V. & rhlln. Meck Kxchanlti
S05 Chestnut St.', Phila.
II
GARRISON ACQ
WIOKNCrl BLD&
MEMBERS-NEW YORK AND
PHILADELPHIA STOCK EXCHANGC
mm m imai -a w . . m aas ana
lulltiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHllHI
je
-JI
MORRIS J. ROOT
Certified Public Accountant
Lafayette Building, Philadelphia
Lawrence E. Brown & Ce.
CERTIFIED PUBLIC ACCOUNTANTS
XA BVAV VUWAW vliltUV Itl.fWI.
Inveatlsait nnd ndjutt -ei ii-irntlen rs
partn.rihlpiaccuuiita and pr.para Iuoem
7v'
'ibx, n.iurni
Wsmrz&r 'W , '
'$ 1'
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4
2
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