'
Vtt
mz'
?W?
lltlA
'
fT -a.ifrf.
ltv - FT ' SV
i.ltl
w.i
r;:i
ygaag
; tj
rJt4.r
IIJNU Jf
H, ' J
v ST I
BSS3SBS'M
L' JLXMJJLVKJ ... ,
. - - -- ' -.. .--- -
1 T - -
' 1
I!
P111S
' Hew is
A Trust Company
Paid ter
Handling Trusts?
This questietl, with ethers,
is answered in a booklet,
"The Trust Company and
The Individual," which will
be sent en request.
Fidelity
Tri jt Company
32; Chestnut Strett
14JI Chutnut Street
6324 Woodland Avenue,
West Philadelphia
Capital
SurptuM
SS, 200.000
$16,000,000
Fandt hU in trmtl
mera than$260, 000,000
$21,000
Southern Ry., Memphis Div.
1st Mtge. 5 Bend
July 1, 1996
RATED AA
Price at Market
Te Yield 5.35
Free of Xermiil Federal Tax
Listed en .V. 1". Stock Exchange
(
TVc advocate tnnetment of,
legislation uy lemch every
dealer in lentritlei xceuld be
placed under sunervlxten of the
State Banking Department and
lie subject te examination, as
required of Banki and Trust
Uempanles.
Mackie,CrouseCe.
RK.IL K.STATE TRCST niJIG.
Walnut 6330 Race 6876
WlOMU BUG. PHILADELPHIA
tw Xr Stock EitJt
mreiK niuam mj.
r
jA,
r
A First Mortgage
Leng Term 5( r
Hydro-Electric Bend
73 interest, yielding 7.2
Henry L. Doherty & Ce.
604 Merrii Building, Phila., Pa.
IVnna. Rnllreid re. Kciulp. ,', mn 4 jyjj
wfn wit 4 I'fnnn. it it. rH iuh
noffale A Hiikqurhpiina l.nllrnud u..4'k met
Ilrmntr i. KiiBrl lln-wlm ( e. ij'i, lli'i
Seuth Jrrntt ( .. J li r. H TruMlen V, jy
Indiana t lie ('iriioniiien i!ifK ,Vh hw
Connel. Tru'tlnn f Npw .li-rw
11m
1011
1U20
l'l",
.(ehnstnnn I'uestnRrr lt!illii n, t's
ipi)'r'i (, v I'li-trlr fiimium r,',
Rennrrdrnt K. A I lelillnc ( n i,'s
Northern Inillnmi ( ia Mir in rr.i
'V,
Samuel K. Phillips & Ce.
Member I'lillnlelphln stei l Ivilunre
607 ( III'-1M T ".Tlthl r
I I
GE0.A.HUHN & SONS
itec i, wn iinvDs
Mrnilier "' the I'hlludeiiil I J. .,v
lerl. unil tlilrmn lmk I'lrlunCH
V,n A nrU f r-ttnn 'T,h incK
Commlnlen Ordri Eitrcuted In
At) h Principal MarkeU
Liberty Bend Bought and Sold
UeUfiut Cuurt III1I1: .IUH uluut at.
N 111 llruidH 17
NEWBURGER,
HENDERSON & LOEB
Members Xeiu Yerk and
Philadelphia Stock, Kxehangea
1410 Chestnut St.
!"
b
l:T
9 '
Safe Bcndsrlnvestmea
HALSEY, STUART
&. CO. Inc.
Land Title Hide
i'hene, lj)cin 7410
WANTED
Bellaliln llrni te uiiilcrwrlte at
r.imenulilf lluurn it llnilteil
Hmeiilit et tlix ou il t ii I ntnek at
it ruing mill ilh lilenil.puj Iiik con
cern of tiindlitk-,
II 0J3. Lriliter O III re
t
15"
; WEQNEB,ROCKEY&CO.
td Public AccpuntanU
A men thanSSeO, 000, OOO 4J
urn 1u
Dill Cuircnt River I
Hill 1st 5s, 1927 fl
II III Sun Ce.
7s, 1931
I I Mohawk & Malene
llll 1st 4e, 1991
III Carthage & Adirondack
1st 4s, 1981
III WlOMU BUG. PHILADELPHIA
M. JM 4
KTrKJaHBU
v'ttp
iMUdihi. PhilnrliaffhN
PRfC
E MOVEMENT
MORE IRREGULAR
Demand and Supply Evenly Bal
anced in the Mere Active '
Issues
Ealrl
lOt
fM
m
10
se
1SH7
100
:e
TOO
1100
MO
300
100
.100
3209
00
800
300
3100
300
000
100
4100
400
3100
0700
1300
00
800
7100
300
HOB
aiee
1700
800
100
400
1000
tee
100
aioe
300
100
700
700
500
100
uoe
100
100
13100
103
1300
100
1000
100
3000
300
300
500
400
8100
1000
600
30100
7700
000
100
X6300
100
100
300
400
ion
800
103
5800
5700
500
3509
g!09
900
1700
4800
300
1011
8000
400
1300
noe
3300
38100
1400
3500
3100
1400
1100
1300
1100
3100
7400
as 00
tee
moo
800
100
500
8G00
3800
400
300
3600
800
4100
1000
300
700
3600
300
100
400
5900
BOO
3500
303
6300 2
15100
4000
1300
2100
630,1
100
500
500
300
800
100
11
300
100
300
000
3100
3700
700
11700
300
100
100
1110
G0II
400
100
100
13200
200
100
40')
31CIM)
SOU
aoe
100
son
3110
31)0
000
3SU0
31il0
'
llll
100
tee
C70II
'.'00
8330
3100
100
300
400
1100
201'!
20 0
,. 40
400
noe
100 2
10')
100
l.'OO
1MI0
210
100
100
3(11)0
700
17300
8 'Ml
9300
3000
H00
300
3G00
100
3100
1U0Q
1700
800
400
200
100
400
Xotal
I
! New Yerk, Feb. 27. -The upward
'trend was well maintained In practl
"ally all the markets today In face et
'inquestienably heavy prefit-taklnc.
toiling exchante airuck a new high;
there was a resumption of active buying
In the sraln tnnrlteta; cotton pushed
forward again and money ruled com
paratively rcay at B per cent. The
rallrenih were the trenz spots of the
stoek market, while the independent
steel shares continue under pressure.
This produced mere Irregularity in price
movement and the demand and supply
were se evenly divided that reaction
quickly followed advances, although the
majority of the active stocks showed
little net change at the end of the day.
0er-the-wcck-end developments, if
anything, weie Mrlkngly In favor of
the constructive party. This was es
pecially true ns pertaining te the Inter
national conditions. Outstanding in
this connection was the favorable re-
' pert of the Scnnte committee en the
treaties. Almest equally Important and
Inspiring ad the announcement of the
perfection of the British and French
nlllancc. This was considered important
became in the pact was found indica
tions of a gettltig together en the ether
lde. All of which foreshadows a
quicker adjustment of both the foreign
I fundamental and economic problems,
and which Is partly confirmed in the
steady recovery in the sterling and
1 ether exchanges.
i Trading beenme feverishly active dur
inc. the morning with the first hour's
i sales approaching 350,000shares, which
foreshadowed another turnover in ex-
ices of a million hhnres. The Independ
ent steel issues resumed their reaction
ary ourse of lait week. Bethlehem
.Crucible. (Julf States Steel and Lacka
wanna Steel losing 1 te 2 points. This
was mere than offset by the stendy btiy
llng of the rails, oils, equipments, ship
ping stocks and prominent specialties.
Canadian Pacific, Texas and Pacific,
Mleurl Pacific common and preferred,
Pere Marquette and Chlcnge and Alten
pained 1 te 1' points. Standard Oil
of New Jersey. Mexican Petroleum,
General Asphalt, Itejal Dutch. Shell
Transport, Mercantile Marine preferred
I and Amcrlcnn International rose 1 te
,2 points and Sears-Roebuck, Mar De
partment Stores and California Pacific
' made similar gains.
The constant shifting of the interest
j reflected the broadening character of
I the dealings and the continued hasty i
i retreat of the short interest. Announce Anneunce Announce
iinent of additional failures of broker breker broker
jage houses, bringing the number of
these crashes since November up te-'
ward the forty mark, was ngaln with- '
out the "lightest effect or influence. x-.
(cept perhaps te emphasize th cemplct'j
control of the constructive forces and
the strength of the market position.
I After middav there was n shifting te
I thp copper issues, which hnve been In
the background for some time with ad-
i vances In that group running from 1
te 1 points. Their strength, how
ever, was seemingly utilized te affect
distribution In ether quarters, panic-
I ularly among the Industrial specialties.
'The gas shaies were later taken un te
stabilize the list with Consolidated Oasi
rising ever 4 points.
The market became unsettled In the
I final dealings, reactions of 1 te 3 points
being precipitated bj liquidation In At-
I iantic Gulf common and preferred, Cern
. Products. Tobacco Products, StudebaUer
and Bethlehem.
The foreign group again overshad
owed the active trading in bends, do
mestic rnils as well aa industrials show -
lng irrtgularlty, though mainly higher.
I Chinese Government 5s rose '2j points,
j their advance being associated with the
favorable report made by the Senate
Foreign Relations Committee en the
Chinese treaties. Mexican Government
s gained 1 point and the French, Bel-
glnn, Swiss and .
i strengthened. Sen
funding 5s and c
nd la points, r"
Japanese issues n se
Seaboard Air Line re-
convertible 0s rose U
specthely. St. Leuis
and Sun Frnwiwe, Missouri, Kansas
'and Texas, St. Paul, Chicago and East
ern Illinois, Reck Island. Missouri Pa
cific, Chesapeake and Ohie, Erie. Haiti-
1 mere anil Ohie and Southern Hell T'le-
I phene issue were betfr by fractions te
I I point.
French Government 71s made a new
high at 100j in the late dealings, but
the general bend list gae way irregu
larly te the reaction In stocks.
FURTHER GAINS IN STERLING
Cables at 4.43 Lire and Scan
dlnavlans at New High
New Yerk, Feb. 27. There was ai
crj stieng tone In the murket at thf
opening this morning and sterliug, lire
and the Scandinavians reached new hlRh
points. Tile undeiljlng featured, uc.
cording te many foreign exchiihgc trad-
trs, appear te be the entente cerdiitle
,Ptueen Britain mill France nml flu.
, . , 1rl"""1 ""'' ,r ru'',cV anil llic
1 fanrilbl attitude of tile rilltcd Mates
Stnuti' tow aid the arms cmestlim.
In the early afternoon the murket be
came steadier and most of the Itndu.s
ictuliifd much of tliclr aihmices. hter
ling iuMi" were i.lli1; demand 4.42i :
friili uitilcs !l UO, rlieiks 11.11); Swis
lues iiitii), iiiick" 111,11; lire rnH"
.1 , iiicitts .1.1.1; KuiiuiT raeii's
: ! cliiikh :it?4:t, marks, .,'!.
'llif rate of pn inium en New'TerK
fumls in Meutrinl teda wns 2i-llJ
It iri. The rutc of dlsrinint in New
S nrk en ( '.inuilinii funds teduj was 2
per 1 "lit
(Vntr.il European cxihanges were ir
Kgul.ir is follews: Hungarian, .Hr,s ;
Austrian, .02H. Poland. .02S : LWIin.
.Slev.'iklitn. l.MJ; Finnish. 2 0."; (Jreek,
4 1X1, Rumanian. .SO; Bulgarian, .70;
Serbian, 124; Juge-Slaian, 111.
TOUAVh Ol'K.NINU mJOTATICi1-!
nierinitf r rnricM I, ire liulqer ,
l H 10 '. J4H SS .)(
I nH ll '.'ll 5 .'5 38. U 1
NCXJN UL'I "TATIO.VS .
M rllnr l'runi. I.lr (lullrjeri
.. 4 .", ll 1U B il . 1
4 11s, ! Ill 14 ,1 32U ..
.UjssJ m'OTVTIONS I
DMnur J
1 1 iirilwa
hlirllntf rriiiun I.lm Oulldern
Ij, niaml
1 la's
0 iui
5 !.
as 43
as si
4 4JS
u no
S.SJ
GRAIN MARKET
Wbi.t
Miy
July
1. err.
Mai
July
uat
Muy . .
Juiy
lerl -.May
.. .
Laid -
July
lllbi -Muy
July
limn
1 411'.
l.u v
I 17
1 '.;
I'leu
1 47
1 '.'3
7S4
70'
1 4s
1 :n'j
ten
41b
4 1
1 -'a
11
40
7)
1.' s
14S
12
44
: 00
It !l7
J.' 11
li' n
VI it
1.' 00
12 :
1.' lu
11 50
11. ID
11 10 11 :
11 V)
COTTON MARKET
hit
rliKB (llffl
illuh
ls.7U
IS 4H
17..I
17 (II
Lew
IK I.',
is 01
17 31
lit I.I
HI 4l)
1 1111
is '(n:,
is 14 in
17 iieus
in 711
10 :.j
Mch.
.Muy .
luly
Oi.t
Uta .
Spot
lh BJ is .10
IS J4 IS. '5
17 5H 17 Ml
1U h7 HI ss
111 US ! 70
11) SS
ltf.70
Illd.
BANK
CLEARINGS
Hank qlnarldBH tejay rempartd with cor cer
rHpuiidln .1 ivelast two j.up
Phlla. ..K.Il.tiaiT.OOO l!7,2a.!,484 R3,nj7"in,1
NT V HJi'ii.lon.eon Js2.ses.a2n TA,n2'.,04
Chleaae,. li8.aoe.OUO HI.ORJ.OOO 18T,50,at7
ySiteu V. st.i).ea au.i8a.0tm ....-
NEW YORK STOCK EXCHANGE TRANSACTIONS ) CONTINUED ACTIVE
Div.
tn
H!h
Adama Exeresa .... H
Advance numly .... 11 Va
Advance Rumely pf . . . UH
Air Reduction 1
AJax Rubber left
Allied Chcm A Dye . . 47H
H
Allied Chem A Dye pflOSH
4 Allls-Chalmera
7 Allls-CTialmers pf . . ,
. . Am Agrle Chcm ....
. . Am Agrla Chem pf .
4 Am Bank Nete
0 Am Beet Sugar pf . . .
4 Am B Shee Fdy new
.. Am Besch Magneto.
. . Am Can
18 Am Car ft Fdy
01 H
48M
5
70U
39 J,
41 U
180ft
.. Am cnicie ...
.. Am Cotten oil
S
49
. . Am Cotten Oil pf
Am iiru syn .,
8 Am Exprcaa 13(.
.. Am Htde A Leather.. 15ft
. . Am Hide ft Leather pf TH
1 Am Ics 100
. Am Intnmat Cerp. . . . 45ft
1 Am-La France En. . . !
.. Am Linseed 3?H
. Am Llneeed pf 55
6 Am Locomotive lllji
4 Am Radiator 87
. . Am Safety Raier .... 4ft
.. Am Ship ft Cem.... ItW
.. Am Smelt 47 H
9 Am Steel Foundries., 33
.. Am Sugar Ref 67H
7 Am Sugar Ref pf ....r8Ji
.. Am Sumatra Mft
.. Am Sumatra Teb pf 01ft
5 Am Tel ft Cable .... 44ft
0 Am Tel ft Tel I1H
12 Am Tobacco 138ft
fl Am Tobacco pf new.. 101 ft
18 Am Tobacco B 131
. . Am Waterworks .... 8 ft
. . Am 'WaterwltB 6 pr. 38ft
7 Am Watcrwka 7 pf. '
7 Am Woolen tH
7 Am Woolen pf lMft
. Am Zinc Lead A 3 pf 80ft
. . Anaconda copper .... 49ft
.. Ann Arber pf 80
4 Asee Dry Geed .... 54
A Aase Dry Geeda 1st pf 78ft
6 Asee Oil 104ft
.. Aisetd Realliatlen .. 1ft
0 Atch Tep ft Santa Fe. 07 te
B Atch Tep & S P pr. . 85ft
. . Atlanta Blr ft Atlantic. In
7 Atlantic Cennt Line . .
.. Atlantic Fruit H
.. Atl Oulf ft W I S S.. 37ft
. . Atl Gulf & W I S S pf 18ft
.. Austin Nicholas .... I8V3
7 Baldwin Locomotive . 109i
. . Baltimore ft Ohie .... 38ft
4 Baltimore ft Ohie pf. . 44i
0 Bethlehem Steel 48 ft
4 Bethlehem Steel B... 03ft
7 Bethlehem Steel 7.. f 93ft
8 Bethlehem Steel S ptlOOft
.. Beeth Fisheries Oft
.. Brklyn Rapid Transit 1014
. . Brklyn R T ctfe of dep 8ft
.. Brkljn Union Ga3.... 73
. . Brown Shoe 43ft
.. Bums Bres A 130ft
.. Burns Bres B 35 ft
.. Butte Copper & Zinc. Oft
.. Butte & Superior ip 36 ?i
. . Butterlck 33ft
. . Cadde Central O & R 13
6 California Packing .. 74ft
.. California Petroleum, 44ft
. . Callahan Zinc & Lead. 4ft
2 Talumet & Arizona... 48ft
10 Canadian Pacific 140ft
.. Carsen Hill Mining ..14ft
. . Central Leather .... 33ii
.. Central Leather pf. .. . 07
. . Cerro-ile-Paio 34ft
6 Chandler Meters .... 73
4 Chesapeake & Ohie. . . 00 &
.. Chicago ft Alten ....
. . Chicago ft Alten r7. . 8ft
. . Chi ft E 111 (new) .. 10ft
.. Cht & E III (new) pf. SOft
.. Chicago & Ot West... 7ft
.. Chi & Gr Went pf.... 184
.. Chi Mil & St P 34ft
.. Chi Mil & St P pf 38ft
- ft
Chi ft Northwestern. 6014
Chicago Pneu Teel... 7ft
Chicago R I & Poe... 43ft
Chi R I & Pae 6 pr 80ft
Chi R I ft Pac 7 pf ft
Chi St P MIn ft O... 66
.. Chile Copper 17ft
. . Chlne Copper 36 ft
. . Clev Cln Chi ft St Ij.. 47ft
. . Cluett-Peabody 44ft
4 Coca-Cela. 45ft
3 Colerado & Southern. 45ft
6 Celum Gas & Klee .. 75,i
. . Celum Graphophene. 3ft
. . Celumbia.Grn.phpf.... Oft
.. Continental Can .... 44ft
4 Cemput Tali Recerd. ... 69ft
.. Consolidated Cigar. .. . 31
7 Consolidated Cigar pf. . 47
.. Consolidated I?!h Ins... M
7 Coniielidatcd Gas t8ft
. . Consolidated Textiles. . 13
4 Cern Products Ref . .103 ft
7 Cern Products Ref ptH3
80 Cosden ft Ce 36ft
4 Crucible Stetl 35
. Cuban Am Sugar .... 19ft
. . Cuban Cane bugur . . 10
. . Cuban Cane Sugar pr 28
.. Dalsen Chemical ... 60ft
5 Deere ft Ce pf
9 Delaware tz Hudsen. Ill ft
6 Del Lack & Western. 115
8 Detroit lidlsen 100 ft
1 Deme Mines 35
.. Duluth Se S & At.... 3ft
10 K.tstman Kodak ....075
12 Klectrle Sterugu Bat.. 13
.. Klk Hern Ceal 16ft
. . Kmernen-Brantlng ... 0
3 nmllcott-Jehnson .... 81
Krle
.. L'rle 1st pf IJft
. . Krlc :d pf Uft
Famem Playtrs L.... 83
Famous Players L pf. 4ft
Federal Mln & Smlt pt n
- 1
Flsrher Bedy
Flalier Bedy of Ohie pf 8!i
FWk Rubber I'-'ft
.. Freeport Texaa j
. Ceaten Wins ft Wig. . ft
0 Gen Am Tank Car .. 57 ft
., General Asphalt .... H
0 Gnier.il Asphilt pf .. 90
11 General Cigar C8 ' i
H General Klcctrlc 143ft
.. Gfncrai Meters 8
8 G-n Meters pf 71
0 Gpji Meters (Kb C.. 60
7 Gen Meters deb 7.. 80
.. Goedrich B V 37
7 Goedrich U T pf 84ft
.. Granby Conbel M & M 28ft
. Gray Davis
7 Gieat Northern pf . . 76ft
1 Grt.it North Ore ctfs. 35ft
. . Greene Canancti Cep . 35
, (ju.intanamn Sugar .. 8 ft
. Gulf Mobile i Ner. . 0ft
. . Gulf Moblle & Ner pf 23
.. Gulf State Steel 71ft
.. Hubershaw Kl Cable.. 1
Housten Oil 'ft
.. Hupp Motorcar '
.. Hcmlee Mfg Ce .... 1"
7 IlllneU Central 100
. Indian Running .... 8ft
.. ImlUhema Ref Jft
. Ji.nplratlen Cen Cep.. .9
.. Int Affrtiui Cerp I" !HJ
. Interb Cen Cerp ....
Intcrb Cen Cerp pf . . 7
Inter Comb Knc 24
Bit Int Cement '
B Int Harvester new 01 n
7 Int Ilarv new pf.... 107ft
. . Int Mer Marine 'y
0 Int Mer Marlnn pf.... 7. ft
.. Intermit Motertruck.. 31
7 int Meturtruelt lt.t pf. "8ft
7 Int Motertruck id pf. 35
Inti-rnatlenal Nickel .. lft
.. internntten.il P.ijku-.. 9S
.. InNlnclble Oil Cerp.. lft
, Iren Prelucts 33
. Island Oil J?
. . Jewel Tea 8ft
, Jewel Ten pf es
,. Jenea Bres Tea .... I"3ft
, . Kansas City Southern 37
4 Kansas City Se pf.... 4ift
,, KllIlHHH &. Gulf "ft
.. Knlly-Sptlnglluld 'Alie 0ft
. . Kelney WlRel '
,. Ktnnluett Cenner ... 2sH
.. Keystene T & R 10ft
0 Kresge S S l;Wft
.. T.ar.kawanna Steel... 44ft
6ft
33
29
91ft
107 ft
13ft
70
30 ft
68ft
65
lift
Mft
15ft
33
I ft
17 ft
50 ft
"4 ft
30
54ft
5ft
39
77 ft
SB
133ft
40
mft-
Laclede Gai of St Ij.
it
etits, 1,138.600 sbartst cemsuanlta B15.M0 sbai-n
Div.
In I lilttt
. . Lake Erie ft West . 13ft
3 Le Rubber Tire 38ft
8 40 Lehigh Valley 6lft
13 Liggett ft Myers ....100
7 Lima Locomotive) . ,., UH
.. Leewe Ce 14
,. Loese-Wiles Biscuit.1. 87ft
luLeft Candy lift
liPWlllard Tobaeco ...1H
7 Louisville A NMhrlllellSft
.... MKcIntyre P Mines,. 15
Mackay Ces Sift
.. MalllnsenA Ce 20 '
.. Menatl Sugar ., 4ft
7 Manhattan Kiev guar. 48
1 7 Manhat Shirt 38ft
.. Market St Rwy 7ft
. . Market St Rwy pf . . . . 84ft
. . Market 8t Rwy pr pf .
. . Market 81 Rwy 2d pf . 14
.. Marlln Oil 38ft
.. Martin Parry Sift
.. Martin Rockwell...,. 1
.. Math Alkali Mft
8 May Dept Stores,... lllft
13 Mexican Petroleum... 114
8 Miami Copper 87 ft
1 SO Middle Slates Cerp... lift
.. Mldvale Steel 30ft
.. Minn ft St Leuis a
7 Minn St P A 8 St Ms, 71
., Me Kan A Tex ... 4ft
.. Me Kan ft Tex (w).. lift
.. Me Kan A T (wl) pf 84ft
.. MK&TIstms 1... 14ft
.. MK&Tlstnepd... 13K
6 Missouri Pacific- 31ft
.. Me Pacific pf 63
8 Mentana Power
7 Mentana Power pf. .104
.. Montgomery Ward... 14H
.. Mulllns Bedy 29 ft
.. National Acme 10ft
7 National Biscuit .,..140
. . Nat cieak & suit .... aift
.. National Cen A Csuts 1ft
Nat Knam A St 3lft
National Lead 89
. . Nat R R of Mex 2d pt 3ft
.. Rev Cen Copper.... 14ft
NO Tex ft Mex 63
. . N Y Air Brake 59ft
a New Yerk Central.. 78ft
S New Y.erk C" A St Tj. . 06ft
1 B N Y Chi A St Ij 1st pf 78
8 N Y Chi ft St I, 2d pf 78
8 60 New Yerk Deck 31ft
1 . . New Yerk N H A II. 18ft
3 New Yerk Ont A W. . 33ft
4 N V Shipbuilding....' 21
..NY State Rwy Sift
.. Norfolk & Southern.. 12
7 Norfolk ft Western.. 101ft
1 4 Norfolk ft Western pf 73ft
n North American ctfa. 50
Lew
13ft
38ft
8ft
160
3ft
Mft
aH
141
11
14
SSJH
t4ft
41ft
Uft
H
4ft
49
18ft
37
34)
10
8
lMft
no
aft
18
39
7
69ft
4ft
"ft
33ft
Hft
13ft
31
51ft
104
14
3ft
10ft
140
37
lft
33ft
80
3
MM
63
5ft
77
60
73
73
31 ft
17 ft
31
a1..
33ft
12
101
73
48
43
7ft
80 ft
34
H
48
2ft
ft
28 ft
7ft
68
14
48ft
64ft
40ft
16
34 ft
0ft
75
Mft
69
69ft
35
7
33ft
10 ft
31
H
40
0
lft
28
78ft.
33
15ft
66
36 ft
77
116 ft
37 ft
33 ft
100
MU
22
13ft
74 ft
43
50 Ji
31ft
28
40 ft
76 ft
53 ft
13
29
49 ft
2S
40ft
lft
14ft
lft
4
7
6S
07
11
42 ft
23ft
39
r5
20ft
63
06
170ft
114
73
33ft
41
08ft
4ft
5
33
2ft
10ft
40
31ft
37
45 ft
131
58ft
00
38 ft
37
8ft
40
65
18
184 ft
74
96
7 N American pf ctfa. . 43ft
300 .... North Amer A Rts.
1600 7 Northern Paclflxs....
100 .. Neva Scotia SAC.
100 2 Nunally Ce
100 s Ohie Fuel Supply . , . .
1300 .. Okla Pred ft Ret....
400 .. Otis Steel
800 Owens Bottling Mach
100 . . paclfte Dcvel Cerp. . . .
300 0 Pacific Gas & Elee. . . .
100 .. Pacific Mall
4409 3 Pacific Oil
3303 0 Pan-Amcr Petrel
1300 0 Pan-Amcr B ,
100 . . Parish ft Bingham. . .
2800 s Pennsylvania. R R..
4403 . . Penu Seaboard Steel
100 8 Peeples Gaa Chicago
5300 . . Pere Murquctte . . .
1500 8 Pcre Marquette pf . . .
100 5 Pere Marq prier pf.
3900 s Philadelphia Ce
200 .. Phllllps-Jencs
120 80 Phillips Pet ..
300 . . Plerce-Arrew
600 . . Plerce-Arrew
Moter. .
Met pf.
1700 .. ricrce Oil
400 3 Pleree Oil pf
400 3 Pitta Ceal
100 6 Pitta Ceal pf .......
3300 .. Pitts ft West Va...
100 0 Plttn ft West Va pf.
80 Pend Creek Ceal .... 10
.. Pressed Steel Car.... 66
. . Preducers Refiners . . 38
4 Pub Service of N J.. 78ft
8 Pullman U6ft
.. Funta Alegre Sugar .. 38ft
: Pure OH 35ft
.. Pure Oil 8 100
5 Railway Steet Spring. 07 ft
41 Rand Mines 32ft
.. Ray Cen Copper .... 14
4 Readlnc 70
2 Reading 1st pf 47
2 Reading 2d Df 51
.. Remington Typewrite: 31
.. Replogle Stcel 29
. . Rcpublte Iren & Steel 47
7 Repub Iren ft Steel pi 78
30 Royal Dutch N Y.... 64ft
1 St. Jeseph Lead .... 13
.. St Leuis San Fran.... 30ft
. . St Leuis San Fran pf 50
.. St Leuli S W 20ft
.. St Leuis Southwest pf 41
.. Santa Cecilia Sugar. 1ft
.. Savage Arms 14 ft
. . Saxen Moter 1
.. Seaboard Air Line ... 4ft
. . Seaboard Air Line pf 7ft
. . Seara-Recbuck 70
7 Sears-Roebuck pf . . . . 2
. . Seneca Cep Cerp .... 12ft
74 Shell Tranbpert 43
.. Sinclair Oil 33ft
.. Slesa-Sheflleld 39
Seutherln Pacific .... 80ft
.. Southern Rail 21ft
.. Southern Rail pf.... 34ft
4 Standard Oil of Cal.. 0ft
5 Standard Oil of N J. 179
7 Stand OH of N J pf . . 114ft
7 Steel Tube pf 73
2 StewartWamer Speed 34 ft
. . Strembcrg Carb 44
7 Studebaker 103ft
ft
ft I
Submarine Beat Cerp i
.. superior uu uerp .... e'i
. . Sweet Ce 3ft
. . Temter Cern ft F "A" - 3ft
. . Tenn Cep ft Chem. . . . 10ft
8 Texaa Ce 40
. . Texas & Pacific 31
1 Texan d Pac C ft O 28ft
:, Tex Gulf Sulphur 46ft
8 Tidewater Oil 133ft
A Tobacco Preducta .... 02ft
7 Tobacco Products pf . . Otft
.. Tel St L & Wet B.. 2Sft
. . T St L ft W c pf B ctfs. . 37 ft
.. Transcen OH lft
3 Twin City R T 40
8 Union Bag ft Paper, . 65
.. Union OH 18
10 Union Pacific 15
4 Union Pacific pf 74ft
7 Union T.ink Car .... 07
7 Union Tank Car pf... 103ft
.. United Alley Steel ... 37 ft
.. United Drug 07ft
. . United Dye Weed pf . . . 70
8 United Fruit lft
.. United Rwy Invest... 10
.. Unltid llwy Ine pf 30
0 United Retail Storeei. . 48ft
.. U s C I P Fdy 37 ft
a U S C I P & Fdy pf. 03
. . U h Feed Preducta . , 3
..US Ind Alcohol 45
..US Hi ally At Imi. ... 01
. U S Rubber 35
K U S Rubber 1st pr ..ICOft
. . 1' S Smelt ft Ref 33 Yt
ft U S htetl 94ft
7 U S fcttel pf HBft
2 Utah Copper 03ft
. . Ut.lh Six: 13ft
.. anndlum Cerp Sift
.. Va-Car Chemlc.il .... 33ft
. Va-Cur Chemical nf . . 0ft
103ft
37
06ft
70
140
0ft
78 ft
43
20
01
3ft
44 ft
00
5
100ft
31
02
116ft
01 ft
13ft
35 ft
33 ft
60ft
ft
6 Va Iren Ceal i. Coke. 48
Aj 48
.. Vlvaileu Ine
.. Wiilnali
. . Wabash pf A
, Wabnf.li pf B
. WetUuni M.trlnnd. . .
. . West Maryland 2d pf .
.. West 111 Pacific
U WLtirn Pailrlc pf . .
7 WiHteni Union Tl . ,
4 Westlngheiihe IJ A M.
.. Wheeling ALU
. , Wluellng & 1. IJ pi. , .
4 White .Moter
., White Oil Cerp ....
. . Wli'l; hpinu hteul Cerp
.. WlllM.Ovirland ..,.
7i
8
25
in
oft
10
lhft
am
MYi
55 ft
7ft
16 ft
30 ft
Oft
7 5a
7ft
34
15
Oft
ltf
18
62
03 ft
53 ft
7ft
15ft
30
Oft
14 ft
6
1',
. . Willys. Overland pr
erlund pt... 2Kj Yd
tt Ce 41 4014
n (Vntrnl ... MU w
rten pump . . . 4JJJ
,. vvua'in u ue.
7 vviisen it
. . WlKcenflr
sfti
a Woolworth
Worthlngten
X5 Wright Aero 1 . J
Jrsturdairs
Today's Net
Ckiie Chae.
13ft- ft
28ft ft
BUYING OF P. R. T.
59ft
140 4-
aft
2 3ft
11
151 -
ft
ft
'ift
Brokers Friendly te Mitten Man
agement Were Again the
Principal Buyers
118
l4Hr,ft
Blft' ..
30
4ft-41ft-3ft
-r-
34ft-
48-f
ian
3S4-
The utility group under the lead of
Philadelphia Rapid Transit took the
front of the atage In today's local mar
ket. The trading in Philadelphia Rapid
Transit was again vigorous, with the
lft
ft
brokers supposed te be friendly with
the Mitten management the most con
spicuous buyers. The opening trans
actions disclosed cenHldernble accumula
y
7ft-r, lft
tien of buying orders ever Sunday,
naft ift
which probably were prompted by
13
ift- aft
repeated assurance given in tne annual
report by Mr. Mitten that a dividend of
80
Mft-3h-
8
-
4ft
MH
38H
14ft
18
aift-f
aift-
-
m
14-
8ft-t-
lft-
140 4-
47K
lft-
asH
8
a
14ft
8 -
0. per cent would be paid in the present
year If the present management will
continue. The stock was carried te 20,
new high for the year, 6eventy-nve
cents a share above the final sale en
Saturday, but $3 a share above the low
price readied Inst week and mere than
$8 above the low price et the current
year. In the afternoon sonie profit
taking was net causing a reaction te
'XV.
Fer the first time since P. R. T.
started te climb Union Traction fol
lowed, advancing nearly n dollar te
35. The dealings were fairly large.
ft
ft
a
ft
ft
ft
4ft
ft
ft
ft
Apparently a geed many who were mis
led by a misunderstanding of the U"
rectoreto controversy ero slowly recog
nizing the fact that an assurances of
dividends en 1'. It. T. is actually an
underwriting of the rental of Union
Traction. Philadelphia Traction wan
the only ether underlying Issue te ap
pear nnd en a few sales shaded tu
If. G. I. reached a new top at 41,
In fact, the highest the stock has
touched In two years. Pennsylvania
Railroad also moved Inte new high
ground, touching U5Vi- Lehigh Navi
gation, en the ether hand, again was
a laggard and en small dealings
Melded te 72. American Stores lest
n point en nominal trading nt 04 Vi
Bank of North America warrants re
mained pegged nt G2V&. Yerk Rnllwnvs
moved up te 10. Llttle was dene in
the Philadelphia Electric issues which
ruled firm. Cramp was off 2 points ut
40.
4ft-
77
- 1
-
78 $
73 f
31 ft -5-17ft-3l-21
33 ft
13 -101
-
ft
73
48
- 1
43ft .
7ft-80ft-24
-
H
48
2ft
ft .
29 ft-7ft-
60ft v
14
48ft-
65 -40-10
35
0
74 30 ft
59 -6
33 -2-33ft-16ft-
31 -8
-
46 -
00 -
01ft-
20ft-F-
78ft
33
16ft-
66 -26ft
-78ft-
115ft .
37 ft-35ft-
100
81-2-f
33 f
14
ft
ft
78 -f
.
39 -40ft-28
-40ft-lft-f
14ft-i-1ft-4
-
4-
68
93-:-
11ft-
43
23 ft
39 -f
80 -20-53
-90
-170-f
114
73 -34ft
Philadelphia Stocks
lllffh
Lew
4Vj
C7t
CIei
215 Am
Stere tWHa
P4 Vi
67i 20UAm Sug'r 07
1L' Hank N A
war
lettHald
70tiM &
w i. C2, 02 Vj 02Vi..
1.0.101)3?, 100 100 - f -
O.. 38Vj 88 VS 38Vi4-
SOtdhlle Cen. 1
17
17
XI
120TCRI&P.. 42
iSbttCnicible. B3Vi
aettCVnt Ith 33 ft
40nChnn Mtr 70
120tO R I A 1 42
40ftCel Urnph
pref .... 0
40t$''ubnn Cne
Sugar .. 10
lOOtCM&StP 25
200ttO MSP 24
41
53 Vj
33 V
70K,
414
0
10
25
42
03 U-
ft
ft
i
2ft
M
ft
3ft
ft
1
ft
ft
ft
0..,
10
23.
24
'4fr
lOtDcl Ij W. 115,a 115 linVj-f-lOfDel
&,H 110 110 110
40 i:iec Sler 141 140 140i
lOtKrie 11 It 11
0(N)T(ien .VltM. Ufa n'i ns
ft
lft
H
'ft
ft
'ft
ft
ft
lft
lft
ft
ft
1
ft
1
ft
lOtKl N pref 7IIVi
lOttt S Htl 07
'j
07
27
0
8
8
T2i
30
21
55
35
coy..
8
37
24 VI
SI
27
mi
10
74
54 Vj
70-r
07
27
O ..
8-r
84-
20tlnt Mtr
27
0
8
m
KittKas &
210 I.eke Hup.
nOILnke Hup.
2110 Leh Nnv.
BOtMldvalc.
2."tMe Pac.
10 1'enn Cent
Light pf.
547 Pciinn It R
-H
72ft-l
30
21
55
0
211
55 ..
35 . .
00..
8 ..
37 ..
24..
27
25Vi
27'S.t
04
10
74
'!
0(1 Pennn Salt
300 Philn&W.
71)
8
310 Phil Ce c nf 37
178 Phlla Elec 24Vj
010 de pref.. 28
5141 P R T. . . 20
247 de war f p 27 '
20 Phlla True 05
nOOtPiercc-Ar 17
270tlteadlng. . 70Vj
20ttR Dutch 54V-
lft
ft
M - f -
lOOtHtL&SF 30
SillVh
30
200tStudeb'kr.lO2 102 1021
lOttSlnclnlr. 23ft 23A 23ft
OOtiSeu Rwy 21 21 21
ft
lOOtTex Pai
aavi
2'A ..2 ft 1
i?a 32ii
lOOftTcx ft r
150 Ten Hei..
100 Tone Mln,
32 ft
J
i
'd
lrH
1
35
$
52
18 .
7
30
10
la4..
35 4-
52 ..
18 ..
30
40
003 Un Trac
.V8
20ttU Ret St 48
2ft
ft
ft
1
ft
lft
1
8
aft
ift
1200 U O I.. 414
X17 de pref . 52
lOOUWett Pae 18
lOOfWhlte Oil 0
1001 Wheel &LK 7
8 W J & H 30
103 W Cramp
& Bena . 40
200 Yerk Rwy 10ft
10
iey;iy
tSet chann made by cnmnarlaen ith
sale un New Yerk Hteek Kxehnnte.
JlleugK and anld umlr rule.
Total aln. 14,480 nhurea, compared with
12,334 shnrci fiaturdnj.
I'HIIAI'KM'IIIA IIONOS
1000 Liberty 1st 4 Vis '47 07.10
250 Liberty 1st 4Vis '47 0U.D8
50 Liberty 1st 3s '17 00.70
4H
5 ,
.
10ft .
40
31 s
27 -45ft-
131 -58ft-00
-
28 ft 4.
37
10
40
63 4-
18
134 ft 4-
74 4.
07 4
103 ft 4.
27 4
(16 -70
140 -10
4.
28 ft 4.
44 ft
20 -02
1-
ft .
-
54-100ft-
31ft t.
03 -110ft
4.
01ft 4.
M15 4-
:i5ft-
33 ft-
eH4-
ft
ft
ft
ft
5
1G0OO Lilerty 2d 4ft '42... lets
irai Liberty -ii
'(! -i'i 8 !
200 Liberty .1(1 4'iH 'ZH.
100 Liberty 3d 4ftn '28.
5000 Liberty 4tli 4fts '3S.
13000 Liberty 4th 4ftH '38.
1100 Liberty ltli 4VH '38.
1500 Liberty 4th 4V4h '38.
3500 Liberty 4th 4Vh '38.
200 Liberty 4th 4Vis '38.
000 Liberty 4th 4Vi '38.
....
.... 07.00
.... 07.10
.leti 07.20
.low 1)7.12
.... 07.18
. ... 07.22
.... 07.08
.... 117.10
leta.100.10
....100.10
....100.28
lntR.100.24
f
lft
250 Victory 4Uh '.:.,
5(10 Victer 4s '2.'
:t!l,'0 Vlrten 4V '23..
r 4Tjh '2:
7800 Libert v 4:v,h "23.,
500 Amer On" & Klectric 5s. 83
2000 Hell Telephone 7n....lets 10'
r.ivui Ivi.vKtnni. Til lxr 5h
2
V
U
194
'la
1
1
y
IIIMHI Lake Killierinr inc 5s. lets
1000 Lehlcji nllej Ceal 5h...
(1000 I'eeple'a 1'iir-K 4n lets
50(1 rhilii Llci'liic lht 5h
7000 Phila r.lt'ctric Ui eh.. lets
00(H) l'hlla Llectilc 0s lets 101
500 riilin liU'etric os 102
500 Phila K'ei tile 0s 102 Vi
30OII Phlla Rlectnc Oh Ien lOl-y.
!!(K0 UcadiiiK 2d 5n 102
1000 I'nltrd ltallwnH 4i 55U
5000 I'lilted KallMiH 5i..leta 82
Total 81'Jl.lBO, Lemparia with IJH.bOO
faturil.i.
MONEY-LENDING RATES
KW 10KK Call nienr-v iiiNlir; lilsh, B,
low, ixh rulliu li'". . jlenlng tlJ, i, of
ml nt iUi l""'1"''" 4W.
Thnra UH U lulr v khi htinn v of mnnm.
48 -7ft
,
7 ,
21ft
10 4
Oft i
10 ,
18
ft 4
Di,
44 ft-
7 ,
16 ft 4
30 ft 4.
0
14 ft
. . ... ..... Iha (rf.llln ,n,u a. R 7
t(iia. t". ',v . 'j r.'.y " " Ppr Cf
PT
7
wim mnlntalne.1 ler viriuuiiy nil meturltlna I
i '"'...'V' .-S . ".,:.?. .'Ti-P".1'.
'.. . ki
ft lcie
AmPten6" bill unchinitert nt
unt rnte of (sjrn lu 4'i ir cunt
, nnilti
Lft WH3 MUll't
l'IIIUnKl.l,IH c-iHI, '. ir com.
a
4
U
ii v y';'' . i'nt . .. .limn u,
muatlii wr cm.
NEW YORK COFFEE MARKET
Open lllsh Ixnv
floke
H -.11
n n-.
n.Teig7i
S,7J
S.7I075
Maiutl,
April..
Muy,.
Junt .
July..
Autr. ,,
K'Pl..
Oft.,1
aft
::e - i;,
40L- W
M'ir l
4( ii
N'rlntftie
Slid
N.lVt
KIT
h'lii
s'e.i
h'lillvfllft
s.'eVir'c'U
,f i. ,f
i'Mb'ii
iIpaI.
-
8,74 UH
.'w
feillnu elitiilns In em.i tlrclija that the mtr. .--,
kit tliln WMl1' w " ",l0 a txiiilrrM tnivu.ui f5?
Income Tax Returns
THROUGH the courtesy of the Collector of
Internal Revenue a representative from
his office -will be here daily during regular
banking hours from March 1st te March 8th
te assist our depositors and friends with the
proper preparation of their Federal Tax
Returns.
UNION NATIONAL BANK
"Where Arch Street Cresses Third"
In PUUdelphla
the
Through the Courtesy of the
Internal Revenue Department
of the U. S. Government
An Income Tax Deputy will be at this
Bank March 1 te 8, inclusive, from
9 A. M. te 3 P. M., te assist the general
public in the preparation of Income Tax
Returns.
ifhis service is rendered without charge.
Notional
Bank of Commerce
713 Chestnut St
Nathan ,T. FelwelL Frasldant
Net
chce.
FEDERAL TAX RETURNS
4
OCB INCOME TAX IJEPAnTMENT, UNDEB THIS
SUfKBVISION OF
WIEGNER, ROCKEY & CO.
CERTIFIED PUBLIC ACCOUNTANTS
IS AT TOUR 6EBVICE FOB ASSISTANCE IN THE
PBEPABATION OF YOCB TAX IlETUBN FOB 1031
National Security Bank
Franklin Street & Glrard Ave.
Philadelphia
MARCH 2nd te 15th BOARD OF DIRECTORS' ROOM
l?
Xfi
- Te Investment Dealers
We are prepared te market in whole or part, the unsold portion
of bend issues you may have en hand, providing they represent
SOUND FINANCIAL CONDITION
PROVEN EARNING POWER
EFFICIENT MANAGEMENT
'We de no busmeis at rttail
BUSINESS CAPITAL CORPdRATlON
F. WILSON PRICHETT. Ptndnt
NORTH AMERICAN BUILDING PHILADELPHIA
Telephone. WilnuiOJJ
JA
1
lW
Bank of North .America
Right te Subscribe
If purchased at present prices will yield
OVER 6
We Solicit Inquiries
BARNES & LOFLAND
147 Seuth 4th Street Philadelphia
Telephone, Lembard 4173
'
2
2
laat
STATE OF FLORIDA
Everglades
Drainage District
Serial Gs
Due July 1, 1933-41
Free from Federal Income Tax
Price te yield 5.40
Cfrcular upon request
00.88
00.78
117.501
i.t
35
l9i
till
05 Vj
V r
in Vi
United stales uevemment
Bends and Certificates ..
of Indebtedness
rlARVEYFlSK&SONS
INCORPORATED
LAND TITLE DLDO.
PHILADELPHIA
tSew lurk t'liliage Ueatuu
Cflll
iti i
a rtl.
ir.
Bends for Investment
( rMir I'nnn I'Tilll-M
t 'irrnpenrtnif Olftcrt n rti'.r JO Clltrx
riiljailrllililii-USI ( llr,,,UI m.
tlme
9
U
The National City Company
' ' "J ii mi TI'iMllK
fat.
(UM
n.i;
h .11
h no
H lit
s ii;
h IM
h IW
AUTOMOBILE
INSURANCE
"inmatV1 mutual
INSIIRAVflR
V
i ajuviuk sfiu,.
SU2J 8a, iota'
y
fi
4
i
i,
1
9llIrS!tillillllU
ESTABLISHED 1865
BIOREN & CO.
BANKERS
410 Chestnut St., Philadelphia
Government,
Municipal, Railroad
and Corporation
Securities
itemhers Xew Yerk and
Philadelphia Stock Exchanges
Mmumummmimmmmmm'aassK
Beles Westwood
Member's Phila. j&eck Exchange
INVESTMENT
SECURITIES
nr
LanATitleBld., Philadelphia
aWiCWifi LOCUST 4721
MssmS&
Lm1 Till Blim.
UmiIwm Palis'. Vl'eifc ltiesaH
M &i
t,- ." ' ' " "'"ll
A
l ?vV
mT1
(a
?,ftet'.iti.
.
ftlT... 1,. t
wWvW,- Mi
sVw. A . '
VKTJW
!& JJS
'- ' -. ?tx