Kiiat
ke
"r
K
v r"1
BWV
&
RSft
'V till
! wt
hi. JL'it.
Mil
fci
iff1
L'ffl.4
IC,
ri
Till" ' "rHBKTt
wwm
KWMH.
V..W-,.- ' I !
' .l. .i ;
" ,fV v
'
i
wmwmm'
EVENING
n.meanmaim
tmlM
HIA,
.
Sound Investments
Mohawk k Maleae
Railway 3','i
2002 te yield 4.75
SfrawbriJfe ft Cletklcr
lit r.
1942 Mkt
Pafla. Ic Readiaf
Railroad lap. 4'
1947 te yield 4.80
Tx Fre In Penna.
schibener,
beenning
& Company
t INVESTMENT BONDS
, 7675 Walnut St., Phila.
T Jfembere Phtla. Stock Exchange
f,Bclt. lVx-ust 7100 Keystone. Knee 3208
JHs5aSBLSB33SBL
POOLS ACTIVE IN
SELECTED STOCKS
Further Tumble In Foreign Ex
change Rates Was En
tirely Ignored
11 . '. '...a I ' ii iMrniwtiniTnirneBimniitTifll1tHinaTllfl
"r
NEW YORK STOCX EXCHANGE TRANSACTIONSH
31
Income Tax
Returns
Until March 15th
a representative of
the Internal Revenue
Bureau will be at
this office te assist in
making out your re
turn, accept your af
fidavit without charge
and receive payment
of your tax.
COMMERCIAL
TRUST COMPANY
Member Federal Reterve System
City Hall Square
New Yerk, Mnrch t). While mccu mccu
lntlve Interest wnR cenc-cntrnted en pc
cinl Rtecks or (croup of Mecks the tone
of today's Meck uinrkrt wns ngnln de
cidedly strong 'The same rcinarkabUi
Indifference te tidverse developments waa
ngatn manifested nnd this attitude va
strikingly dementratrd In the contin
ued uneasiness of fer6lsii exchange. The
further tumble of rates which wan
doubly due te technical conditions and
the announcement of the refusal of the
United States Government te partici
pate in the Genea economic conference
vvns passed, ty nlmext unnoticed. This,
in a measure, appeared rather para
dexrcal cm only recently it was the
Mrngth of foreign cichnngc which
JflppUcd one of the htrenicest stlrati-
Jnnts te the rlnlne market values.
Mere attention wag paid te the re
ported further price advances In finished
Rtecl products made by the llcthlehcm
Steel nnd the brightening aspect of gen
eral business. Hut from a market view
point the biggest piece of news was the
stand taken by the Comptroller of Cur
rency en the soldier bonus bill forbid
ding the natlennl banks te make leans
en the certificates if the bill Is passed.
In the meantime the renewal of peel
I activities was fortified by the continued
ease of money rates. The call renewal
I rate was made at 4U per cent, but
It was understood demand funds were
being supplied freely in the outside mar-
. ket under thnt rate.
As lu the preceding sessions the mar-
i ket was ngnln largely in the hands of
the professional contingent nnd the al
ternate buying and selling made for
confused condition during the first
hour of trading. The btcady buying
of the selected or peel shares, chiefly
featured by Davidsen Chcmlcnl, Al'lcd
, Chemical, Virginia Chcmlcnl, Cotten
i Oil, American Unseed and American
I Agricultural Chemical at gains of 1 te
3 points supplied a strong backlog nnd
' 'nter carried the general list up with
them.
Commodity Markets
Service and Stability
Your Income
Tax Return
can be prepared and
acknowledged at this
office, without charge,
by a Deputy Collector
who has beer? assigned
te sit herb until IIarch
15th, through the cour
tesy of the Collector of
Internal Revenue.
The Deputy will also ac
cept payment of the tax.
Integrity
Trust Company
Fourth and Green Street
GRAIN MARKET
Chicago. March I). Wheat Parted
V te 1'hC higher for May and c te
lc up for July, with offerings light
and lming orders fairly numerous,
ti.mmi. lnrnnlr penfined te small lets.
On the upturn there was telling by re
cent uujc-rH. . -, , s i t
Cern stnrted 'yc te -hc li fiber feri
May nnd Te te IVic up for July. There
was fnlrly general buying ut the outset,
lint- the same houses sold en the upturn.
Oats stnrted V,r te -c higher, wltli
offerings light and moderate scattered
buying.
wheat
Mas-
July
I Cern
May . ...
I July .. ...
'beptember
Oats
liny
July
I V M.
1.371
. 1.18
. .02
. .fift's
. .U7N
. .an'i
. .41'4
COTTON MARKET
Vew Yerk. Mnrch I). The
market opening today was quiet, wii
prices 4 te ." points lower. Te son
extent geed rains in Texas ami itnetli
Capital $S00,000
ISurpluw & Profit ft, 860, 000
cotton
with i
me i
extent geed rains in Texas ami aneuier ,
drop in sterling cxennnp uiuu.,
..ii A llttln fnrn enMlllvlllZ COnstl- I
tuted the chief support, while the Seuth
was n seller of ed crops. There were
no notices. I-utcr the list held steady,
with little change from initial levels.
Yeet. Today i
close
IN 11
IS 111
17.40
11. SI
Dlv.
Sales in S
100 ..
100
100
700 .
4200
700
100
2300
1200 ,
100 ,
100
1400 ,
100
2300
100
2300 :
5600
eoe .
400
200
" 500 ,
1200
1200 ,
1100
1000
100
600
1200
1400
900
100
1200
100
1300
44
2400
100
100
200
600
9D0
100
1700
900
1700
100
1200
100
100
8400
400
100
4700
500
2100
100
100
5100
200
1600
400
200
700
900
1600
100
900
200
1200
300
2200
300
800
100
600
600
600
6300
200
100
2500
600
900
300
700
1200
2600
100
4890
100
300
1700
603
100
190D
0J0
100
3 JO
K00
200
200
100
700
18 JO
1500
500
2200
STOCK Hlh
Adams Excreta ... 62
8 Advance numely pf 43 W
4 Air Reduction .... 51 H
. Ajax Rubber 15H
4 Allied Chem A Dye.. 88 ft
7 Allied Ch & Dye pt106
4 Allls-Chalmers .... 47
. . Am Agrle Chem... 41 H
. . Am Agrle Chem pf. 66
i. Am Beet Sugar.... 4014
. . Am neet sugar pf . 72
. . Am Besch Miignete 40J4
7 Am B Shoe FpfnewlOIH
. . Am Can 44H
7 Am Can pf 103Ji
IS Am Car i IMy. ...155
. . Am Cotten Oil... 25 J4
. . Am Cotten OH pf.. 56
. . Am Chlcle 104
I Am Express 1 35
.. Am Hide ft Lcath pf 67 H
7 Am Ic 103i
i. Am Internet Cerp.. 44H
1 Am-La France Enff 1 1 U
. . Am Linseed 32H
.. Am Linseed pt 56
6 Am Locomotive.... 110J4
.. Am Safety Razor.. 6J4
.. Am Ship & Cem.... 14
. . Am Smelt 48 H
Am Smelt pt See A 894
3 Am Steel Foundries 34
7 Am Steel Fdys pt.. 96
7 Am Sugar Ret .... 73 Ji
7 Am Sugar Ret pf..100fc
9 Am Tel ft Tel ....120H
13 Am Tobacco 1 37
Am Tobacco pf new 102
.. Am Waterworks .. 8K
. . Am Watrwks 6 pf 23
7 Am Woolen 88J
.. Am Zinc Lead &Sm. 1314
.. Anaconda Copper... 49 H
.. Ann Arber 20 ft
.. Ann Arber pf 44j
4 Asse Dry Goods.... 53J4
6 Atch Tep & S Fe.. 96J4
6 Atch Tep & S F pf 86 .
.. Atlantic Fruit 3 $4
.. Atl Gulf & W I S S 30 4
.. Atl G & W I S S pf 22U
.. Atlas Tack Cerp. ... 17
.. Austin Nicholas ... 25 H
.. Baltimore Ohie.. 37
7 Baldwin Locomotive 107 H
6 Baldwin Loce pt ..108H
B Bethlehem Steel.... 59
6 Beth Steel B C5U
7 Beth Steel 7 pt... 91
. . Bklyn Rapid Transit 1 1
. . Bkn R T ctfa of dep 914
.. Bklyn Union Gas.. 82(4
8 Burns Bres A 12514
2 Burns Bres B 38
.. Bruns Term 314
.. Butte ft Super Cep 2514
.. Buttcrlck 34
. . Cadde Central O ft R 11 !4
.. Callahan Zinc ft Ld 61
C California Packing.
. . California Petrel. . ,
7 Calif Petrel pf...,
10 Canadian Pacific.
7 Case J Lpf
. . Central Leather . . .
. . Central Leather pf
. . Cerre-dc-Pasco . . .
C Chandler Meters . ,
4 Cliesa & Ohie
. . Chicago ft Alten pf
.. Chi ft E HI (new)..
.. Chi & Kill (new) pf
.. Chicago & Gt West.
.. Chi & Gr West Pf.
.. Chi M & St Paul
.. Chi M & St P pf...
C Chi & Northwestern 69J
7 Chi ft Northwest pf1t0'4
.. Chi U I ft Pac... 40H
7 C R I ft Pae 7 Pf 92
4 C St P Minn ftO... 58
. . Chile Copper
. . Chlne Copper
.. Cluett-Peabody. ..y
4 Coca-Cela .'
. . Cole Fuel ft Iren . .
3 Cole & Southern....
6 Celum Uas ft Elec. .
. . Celum Graphopnene
. . Cel Grann cf
I Cemput Tab Recerd 69
72 Ji
52H
8914
, 136H
, 72
. 35 i
. 6914
34
, 73 U
. 91-4
814
17
39
6
17
2314
J"
17K
2714
5314
44
27
44
7614
214
11
Consel Cigar.
. Consel DIs Ins...
7 Comielldited Gaa.
. Consel Textiles...
. Continental Can...
4 Cern Pred Ret ...
1630 Sis Cosden & Ce
March
May . .
July . .
October
itnpn
IS. 30
IS 1A
17 44
KJ.f.t
1 P. M.
IS 41
Is 10
17.3!)
Liverpool
Liverpool Cotten
March 1. Spot retten
culet but firm today mi the basis of 10.0'JJ
cfmS iSr? compared with . 1( Md e.ljr. j
ceawV,s Sere'? o"e lTAh
America"0. Kutures.yer. quiet at lh.0PJ.n-
Inir. At 12.30 I'. Jr. uirf rre .i "
steady. Spot rrlrea wrn: Am ncan mm
5,i-y.ii i" 17d: ceed middling-. U.'-.M
i 5 middling. 10.87di mlddlln.
low mlddilnir. 0.72d. eoed erainarj
erdlnry, s.uxi.
WE HAVE en hand
and recommend
with confidence the
security of an estab
lished Pennsylvania
Utility Company that
is especially appropri
ate for the investment
of small sums. Yield
8 per annum, tax
free in Pennsylvania.
Particulars en appli
cation. TTe nvl(c conference en any
current investment subject.
lO.OJdi
8.S7di
NEW YORK COFFEE MARKET
New Yerk, March ft. The local fu-
tures market advanced 1 te 10 points i
en the call with n commission 1ieum (
with Brazil connections absorbing of- .
ferings freely, and there also was some
active support from local trade (inns.
The, great disparity between Brazil and
future prices here seems te nt last be ,
attracting attention and hns promoted .
home uneasiness among local shorts.
The bull movement was in full swing
toward midday, with May soiling up te.
0.04c nnd July te O.OUV. September te
0.14c and December te O.'JOc, or 1 1 te lb
points net higher. This better showing
seemed te have nttrartcd some new I
outside buying in the far months. I
Open
. (Ill
s.!i.-,(e:
HARPER&TURNER
Investment Bankers
Members Philadelphia Stock Exchange
Stock Exchange Building
Pre. Clese
,,rch s M!
May . .I ..... ...... MM
July H 114103
September MiK.wu'J
Decemeer -
S.U.Vtf'JB 1
ti emu!:, i
u.r.-S is
?,.;: J
tf&'Z
FOREIGN EXCHANGE
New Yerk. March 0. Foreign ex
change opening figures showed further
declined. The wenkness of the market
was nssumed te hae some connection,
sentimentally, with the announcement
tlmt th United Stntiis (levcrnnlent
would net be represented nt the forth-
en,r.. DkilnJnlnkln i,in ' cemlug April conference of the Power
Scranton Philadelphia ,leadlns I nt Genea. A mere piactlcal explana-
I tien advanced, however, is that foreign
j purchases of our cotton, copper, oils.
grain, anil mere i"peciuii) iw mnv
named, are, snowing up eenbi(icruui
V
'irf.
m.
Nashville Gas &
Heating Ce.
First Mortgage 5V. Due 1937
Guaranteed by
The United Gas
Improvement Ce.
by Endorsement
2 Nermcl Tax Paid
Penmt. State Tax Refunded
Price te Yield 6
Reed A, Morgan & Ce.
West End Trimt llldn.. I'hUa.
Members of the I'lilla. mode Each.
W'i Mi
r-' '.,i.
V1
.M
WXJ
liiftrawbridge & Clothier
I' lt rVInrtaras K. tOO."?
V ---o-e --
MORLEY, WOOD & CO.
r 333 Chestnut Street
, MraWrs N. Y. & I'lilla. Slerk Rtch's.
lnrirnr thnn In mil II V months PUHt
In thn middle of the second hour
sterling cable, from X.XiVi. rallied te
4.:i0 and demand te 4.3,'',t.. Franc
cables Improved u point, te 8.0!l nnd
8.02 for checks, nnd lire recovered
thn'i) points, te 5.05 for cables and
0.04Vi for ch'vkh. Marks were un
changed from the opening nf.401,.
Central European exchanges also
were lower. Bulgarian was .70; Ku-
manlan, ,4Mi : berbtan. i..ii; ,r,K,
4.55; Czecho-Slevaklan. I.C'lVi; Polish,
.0'-HJ5i Finnish. 2.10; Austrian, .0100;
Hungarian. .l.lj. ..,,,.
The premium en New erk funds in
Montreal tedny was reduced about y
per cent, te !i 11-111 per cent. 'I he
discount en Canadian funds in New New
Yerk was .'I 0-10 per cent.
yEBTERDAVH CIXJSINO qCOTATIONS
HterHnu- Francs Lire Oulld-r;
Demand ?. S-V.2' C-SS4 i J'22
Cubles i.anvi e.ui ""
TODAY'S OPESINO QUOTATIONS
faterllns Prancs Lire Oulldera
Demand 4.34 S-W.' n.01 4
iiemanu ,'.,-az (j ea r. n
, , -,...U V.WV
5800
100
1700
1600
900
7000
100
100
100
1200
100
100
200
600
400
38.0
100
500
700
5700 ,
2300 ,
1900
100
4600
100
46300
800
100
100
100
800
2000
600
400
200
3000
500
100
100
300
100
400
200
100
500
1700
500
100
200'
3000
500
2900
33J0
100
3J0
1900
300
2400
1700
4400
100
900
800
5100
500
100
1900
25
14
104J.
13
, 59
. 105J
. 35
. 8
. 84
. 24H
12J4
Lew
62
43 W
51 K
15V4
5714
105J4
47
40
64
40 '4
72
39
101
44
103J4
15414
2414
54
1014
135
67
101
44
10
31
56
109J4
5J4
1414
4814
8914
33
96
7314
10014
120
137
102
8
23
87 H
1314
49
19
43 H
5314
9614
86
3V4
28 J.
2114
17
24 U
36
1C6
108
59
64U
9114
11K.
9
82
125
3814
2J4
2514
33
Ills
6
72
5114
88
135'4
72
35
69
34
72
59
814
1714
3814
6
1614
23
36
68(4
110(4
40 J4
92
57
17.
27
5314
43
27
44
7614
11
69
25
14
104J4
1314
5914
104
34(4
5714
84
24
1214
241
57J4
72
I144
6
146
9
81
10814
10.
16
83(4
9314
86)4
87J4
14
181,
14
5714
5914
15214
91
Net
Cise.
114
H
Is
1
114
2
2
14
IK
114
14
1
H
H
H
J4
Is
5'4
14
14
14
14
Hi
H
V
14
H
14
14
tt
A
"v
14
"iH
114
"l
!4 14
14
'A
1
4 Crucible Steel ....
7 Crucible Steel pf.
, . Cuban Am Sugar.
. . Cuban Cane Sugar
. . Cuban Cane Sug pi 34 i
. . Davisen Chemical.. 59
n Deere & Ce pf 72
ti Del Lack & Western 11 414
.. Duluth Se S S. At pf 6
VI Ltec Sleragu bat.. 147
. . Kmersen-Urantlng . 9
6 EnUlcott-Jehnson .. 81
7 Endicott-Jehnsen pt10814
.. Erie 1014
.. Erie 1st pf 16
8 Famous Players L.. 84
8 Fdmeus Players L pf 9314
10 Fisher Bedy 8714
8 Fisher Bedy of O pf 94 Ji
.. Flsk Rubber 14
.. Freeport Texas .... 19
. . Gasten Wms & Wig
6 Gen Am Tank Car. 57)4
.. General Asphalt.... 60
8 General Electric. ... 152)4
.. General Meters.... 10
6 Gen Meters deb 6 70 70
.. Goedrich B F .... 39 39
7 Goedrich B F pf . . . . 8414 84)4
., GranbyCen.M&M.. 2914 29
.. Gray Davis 18 17
7 Great Northern pf. 75 74
4 Great Ner Ore ctfa. 34 34)4
.. Guantanamo Sugr 11 11
. . Gulf Meb & Ner pf 23 23
.. Gulf State Steel ... 73J4 71 Jb
.. Habtrshaw El Cable 2 1 Ji
.. Hendee Mfg Ce... 21 21
3 Homestake Mining. 60 60
.. Housten Oil 76 75'4
., Hupp Motorcar.... 15 15
. . Indian Refining 7 'A 7!',
60 Indiahoma Ref .... 3 3
.. Inspiration Cen Cep. 39 39
.. Interb Cen Cerp .. 214 2tt
.. Interb Cen Cerp pf 7(4 6
. . lnt Agricul Cerp pf 41 41
5 lnt Harvester new. 9114 91)4
7 lnt Harv new pf... 09 108
.. Inter Comb Eng.... 25 24(4
.. lnt Mcr Marine .... 15 4 15
6 lnt Mer Marine pf.. 7 Vi 70
.. Inter Motertruck... 31 Js 31 !4
7 lnt Motertrk 1st pf 72 72
7 lnt Moteitrlc 2.1 pf E8(', tB'i
. International Nickel 13 Is 13
6 Internat Nickel pf. 65 65
. International Paper 5'4 3
6 Inter Paper pf stnd 61 59
. Invincible Oil Cerp. 17 1614
. Iren Products 32Ji 32J,
. Island Oil U 1
. Jewel Tea 19U 1814
. Jenes Bres Tea.... 38 36
. Kansas Cy Southern 25 25
4 KanBas Cy Sepf... 54 54
. Kansas & Quit.... 5i 5
1:Si
P. M
62
4314
51H
4
106 47
41
66
4014
72
39H
101
44J4 103-
154
25
57
1014
135 -67J4-
101
44 -10J4-3214
E6
11014
96 -73
-
10O14
120
137
102 -BH
24
8BK
t
44J4
53(4 .,
96
86 -t-314
,
304
2214
17
2514
36J4-
107 -r
108 f
59 -
69 f
91-t
11H-
9 -
82 -
12514 K
3814 H
314 f V
2514
33 ..
1114 !i
614 H.
72 Ji V
52 Vi
89J4 'A
136 114
72
35
6914
34
7314
1914
814
17
29
6H
17 23
36 .
69
110' .
40
92
58 r
1714
27
2714
44
7614 .
2(4
11 -
69
25 T
14
.
1C5
34J4f
S8
84
24 -12(4
72
114(4
6
147
9
81
108(4
10(4
16
8714
94J4
1T
niv.
Bntrs In $
STOCK
ltlsh
43oe .. Kelly-Spring Tire.. 5
100 .. Kclsey Wheel ...... 85
.1100 ,. Kennecett Copper.. 2814
300 .. Keystone T ft R. .. . 1614
100 Krcsge S S 136
800 .. Lackawanna Steel.. 47
100 . . Laclede Gas of St L 5614
700 .. Lake Erie ft West.. 15
200 . . T.nke FrlA A Wat nf 30U
900 2 Lee Rubber Tire.... 2914
100 . Ihlgh Valley
100
1500
100
2000
200
300
300
100
100
200
100
400
100
1700
200
300
100
7700
100
500
59J4
IS Liggett ft Myers ...165
7 Lima Locomotive. . 10314
.. Leewe Ce 13
1 Left Candy 12
7 Loese-Wiles B 1st pf 99
.. Mclntyre Per Mines 14
.. Manatl Sugar 51
2 Manhat Shirt 34
.. Market St Rwy.... 7
.. Market St Rwy pf. 36V4
. Market St Ry 2d pf 11 14
2 Marlln Oil 25
.. Martin Rockwell... 714
.. Martin Parry 28
.. Math Alkali 3114
.. Maxwell Class B... 14J4
Mav Dent Stored ... 1 1 2
12 Mexican Petrel . . .
8 Mexican Petrel pf.
J Miami Copper
125
84
mi.
3600 IU MM,11a St-.fr. Prtrn. 1314
700 .. Mldvale Steel 30
laSS Me Kansas & Texas 5
800 .. M Kan J. Tet- w!V 11T4
Me Kan & T (wl) pf 33
MK&T 1st A W.. 14
. Missouri Pacific... 22
Me Pacific pf 5414
7 Mentana Pevver pf. 105
.. Montgomery Ward. 1514
' Mulllns Bedy 2714
7 Nat Cleak & Suit pf 85
- Nat En ft Sta 39H
NaRRef MexZd pi 3H
.. Nev Cen Copper.... 1414
N OTex&Mcx.... 63
6 New Yerk Central.. 79)4
K V V r jl e t KA
I TO 2H New Yerk Deck.... 2914
50 .. New Yerk N H & H 1714
0 2 New Yerk Ont ft W. 21 H
?22 Norfolk & Southern. 15
9eS2 "' Norfolk & Western 9914
'00 S North lnu.W. r.lt 7T,l
IM . . ". " ..i. .vui. ...- - -
500
100
2400
300
100
1200
200
100
1300
100
600
100
700
700
Lew
M
65
2814
16
138
474
5614
14
30 Ji
29
5914
165
10214
13
11
99
1414
DO '
34
7
3614
1114
2514
714
27
31
14J4
112
12414
84
'2714
13'4
30
5
1194
33
14
21
54.
105
15
2714
85
39
3H
14
63
7814
62
2914
17
21
14
9914
5714
4214
14
1
1:80 Net
T. M. OiBe
44 14
85
2814
16(4
136 -47-5614-1414
30 -29
-5914-
165
10314
99
1444
50J4 IK
1
34
7
3614
1114
-14J4-
112
12414
84 2714 -1314
-30
5
11J
33
14
22
54J4
105
15(4
2714
85 -39
.
63
79
6314
9914
5714
4214
NEW HIGH
PRICES
FOR P.RIAND U.G!
Breader Inquiry Noted for Most
All- of the Utility
Shares
a-
14
2
IK
1
Ji
'v
114
14
14
4
14
14
14
14
"
14
'.
V
114
14
14
Tl. , an.1 erint rnllWflV Stocks
continued te held foremost attention In
the local market. There was n aeciueu
broadening of Interest In both JJ. O. i.
...i n n t n,i tlm tradlne was
quite active. Beth broke Inte new high (
ground. I', it. x. maamg n "t r
at 20, while U. G. I. showed an
everplsht gain of Mi points In reach
Ing 45. ,
Wlilla these two local invernes '
the lenders, the buying movement
reached out te the ether utilities, which
apparently had Its Inception in the
United States Supreme Court decision
in the Consolidated Ont case. The
mere the ruling of the high court is
studied, thnt mere signincnni ire-
come. According lO me uihuiuh yi
accepted authorities, 11 practically
changes the. whole complexion of the
utility situation, placing these enter
prises In about the strongest position
they have -occupied In a number of
year. . , ,, . ,
This confident feeling was Indicated
In the broadening Inquiry for the so se
called utility group. American Gas, en
relatively email transactions, ran up
4"A points from the previous sale te
60, equal te the high prices of the
current year. Phrndelnhla Company
cumulative preferred made a substantial
gain at 38. '
In the meantime there was continued
geed buying of Union Trnctlen, which
sHvnneed te 371 en the wider nppre-
elation of the strengthened rental pesl
iiiiiiiiiiimiiiimiHiiiiiiiiiiiiiimiiinitiT
TeTrustees of Institutions
.
1 J tien If the proposed P. R. T. dividend
! plan Is maintained. 1'enn Central !
,00 3 N American pf ctt. 42)4 42V4 Jeli 14
2 00 7 Northern Pacific... 80 '? 60& Xl
00 .. ekla Pred & Ref.. 2 2H I??
100
100
100
2400
100
3100
100
1300
100
100
800
2300
300
2400
1100
100
100
100
Ontario Silver Mine 514
.. Orpheum Circuit.... 1514
....Otis Steel 10
2 Owens Bet Mach... 33
.. Owens Bet Mach pf10014
3 Pacific Oil 48Ji
. . Pacific Tel & Tel... 65 J4
C Pan-Amer Petrel.. 57
C Pan-Amer B 51)4
.. Parish ft Bingham.. 15
2 Pennsylvania R R. . 35
.. Pcnn Seaboard Steel 7
G Peeples Gas Chicago 75
.. Peoria & Eastern... 18
. Pere Marquette .... 26
C Pcre Marquette pf. 58
C Pere Marq prier pf. 70
3 Philadelphia Ce.... 35
1
Js
(4
'l(4
li
114
14
Ji
!4
2
' 14
'Ji
2800 60 Phillips Pet 34
2100 .. Plerce-Arrew Moter 17
1900 .. Plerce-Arrew Met pf 36
1200 .. Pierce Oil 7
100 8 Pierce Oil pf 45(4
1 500 . . pitts ft West Va. . . . 27 14
300 1H Pend Creek Ceal .. 18)i
1700. .. Pressed Steel Car.. 914
100 7 Pressed Steel Car pf 92
100 .. Producers Refiners.. 26J4
500 4 Pub Service of N J 8214
100 8 Pullman 116
200 ., Punta Alegre Sugar. 4014
25500 2 pure Oil 31
100 8 Railway Steel Spring 98
700 ., Ray Cen Copper ... 14
700 4 Reading 73 Ji
100 2 Reading 1st pf.... 44
100 2 Reading 2d pf 46
3200 .. Rem Typewriter... 36
100 .. Rem Type 1st pf . . 65
3100 .. Replogle Steel .... 29)4
1300 .. Repub Iren & Steel 5114
100 .. Repub Ir & Stl pf.. 79(4
100 .. Rebert Rels ft Ce.. 11
51
28 Ji
5014
, ?9
4314
3(4
15
214
6
8
97
14
22
35
84
20
52
H
Js
14
1!4
BJi
'14
19W
57)4 J4
60 -
152)4
10 T
70
39
84)4
29J4
18
75(4
34 .
11
23 -73
15
7(4
3-
39-
214-
6-
41
9114
109.
24)4-
15
71 -31)4
72
58)4
13 -6D
-45(4
61
1fc
32J4
1 ..
1BJ4 ..
J8 2)4
25(4 )4
04 J4
5Ji . .
14
54
Ji
1
A
;s
Js
,Vt
?s
Ji
'l4
Ji
14
!4
14
Ji
14
2
J4
Ji
'.
I
14
1
Ki
1
J4
Ji
1200 6 Reval Dutch V Y
1200 .. St Leuis San Fran . .
250 . . St L San Fran pf . .
2100 .. St L S W
2500 .. St L Southwest pf.
400 .. Santa Cecelia Sugar
100 .. Savage Arms
700 .. Saxen Moter
200 .. Seaboard Air L pf.
1200 .. Scars-Roebuck ....
100 7 Sears-Roebuck pf...
1700 .. Seneca Cep Cerp..
9500 .. Sinclair Oil
100 . . Sless-Shetrie-d
1400 6 Southern Pacific. .. .
1 400 . . Southern Rail
500 .. Southern Hall pf. . .
300 4 Standard OH of Cal 95
100 C Standard Oil of N J 178)4
200 7 Stand Oil of N J pf!14
400 2 Stewart Warner Spd 34)4
700 .. Stromberg Carb.... 44
50100 7 Studebaker 101 14
200 .. Submarine Beat Cor 5Ji
400 .. Superior Oil Cerp.. 5(4
100 .. Sweets Ce of Amer. 3Ji
2400 .. Tenn Cep ft Chem.. 10 Ji
.2200 3 Texas Ce 45)4
700 .. Texas & Pacific ... . 31 )i
800 1 Tex & Pac C ft O. 2G)4
700 .. Third ave 20
1500 2 M Tex Gulf Sulphur.. 44
3200 .. Transcen Oil 9
508 6 Union Bag'ft Paper 63
600 .. Union Oil 17
100 7 Union Tank Car pf. 104
700 10 Union Pacific 132J4
100 .. United Alley Steel.. 28)4
200 . . United Drug 65
400 3U Unlttd Drug 1st pf 45(4
200 8 United Fruit 1 40 (4
500 . . United Rv Invest pf ZB
400 0 United Retail Stores 45
500 .. U s U P S Fdy.. 301-4
200 5 U S (' 1 P ft Fdy pt 6514
200 ..US Feed Products. 4
7500 ..US Ind Al.-ohel... 91i
400 .. U S Realty & Imp. . 61
5100 .. U S Rubber 59 Ji
14700 C U S StC'l 95(4
300 7U.HSteelpf 116
1200 2 Utah Copper 63
400 .. Utah Sec 14)4
1100 .. Vanadium Cerp.... 37
600 .. Va-Cnr Chemical... 36)4
1100 .. Va-Car Chemical pf 76)4
100 C Va Iren Ceal & Coke 45
400 .. Vivadou Inc 814
330 .. Wabash 7(4
7 JO .. Wabash pf A...... 23 Js
100 .. Western Pacific... 18
100 0 West Pacific pf . . . . S5
1600 7 Western Union Tel. 66)4
100 7 Wcstlneheuse A Br 98
600 4 Westing E & M.... i6)4
900 .. Wheeling & L 13 7
100 .. Wick Spen St Cerp 14(
20 JO 4 White Moter 39
5300 .. White Oil Cerp.... 9
200 .. Wlllys-Overland ... 5
200 .. Willys-Overland pt 2914
1200 .. Wilsen & Ce 42 )i
2900 4 Worthlngten Pump. 48
200 G Werth Pump pf B.. 8
E-dJvldend. t Ex-rluhts,
54
1514
10
32Ji
100'4
48
6514
5614
5114
15
35
7
75
17
26 Vi
58
70
35
3414
17
3514
714
4554
27
17J4
6714
92
2614
82
116
4014
29 Ji
98
14J4
73J4
44
46
34
65
28 J4
5014
7914
11
51
27
50
27
41
3!i
15
2
6
67)4
97
13
21
35
8414
20
52
95
17814
114
34
43
S8
5J4
514
3
10
45
31
26
20J4
43
9)4
62
1714
104
13114
2814
65
44 Ji
140
27 Ji
45)i
30 Ji
L5'4
4
47
61
E9
94(4
1 1 e '4
13
14)4
36)4
35
74)4
45
8
714
23)4
18
5
95
9B
66(4
7)4
14
114
"
J4
"'li
14
1
"
!4
1J4
"l4
14
'i
514
1514
10014
48J4
6514
57
5114
15
35
7
75
16
26
35
34
17 -3514-
715 .
4514 -2714
92
2614
4014-3054-98
14
7314
44
46
36 2(4
65 V
2914 -51
14
79J4 f
11 -r-51
-2814
T
50
29 U4
432
3J4
15
2 -
6
C8 97
1
22
35 f
84
95 f
17814
114
34J4 -r-44
i
100 J4 -5Ji
554
3Ji
10
4514
31J4
26(4
2014
43
9
63
17
104
132J4
28 J4
65
Light preferred moved up te 55, a gain
of 'fc point. , ,
Quiet buying of Pennsylvania Rail
road continued, the price going te n
new high for the year nt 35. The
American Stores Issues were firmer nnd
the New Yerk Railway shares also had
n steadier mnrkct. Lnke Superior
Corporation wns given mere nttcntlen.
Brill mndc n point gnln, but failed te
rctnin the Improvement. Electric Slor Sler
ngc Battery, American Ship and Gen
eral Asphalt were Influenced by the gy
rations of the. larger market.
Philadelphia Stocks
llls-h Lew
1:13
V. M.
Net
CtlKO.
It is net-fair to'ferce individ
uals te be personally responsible
for the management or custe'dy
of-securities and trust funds be-'1
longing ter institutions,
Place this responsibility with
the Trust Department of the
Cern Exchange and then there'
can be no less or embarrassment
te you.
, It is our business te handle
securities and moneys.
The cost for such- service is
moderate.
'Phene any of our officers or
still better, come in and see hew
.we manage .similar accounts.
14 14 U
50 CO 4 Mi
52 j 52j Va
40 40 . .
1 is 18 S
14
14
8
14
Hi
1(4
Ji
14
(4
Js
14
14
2
14
114
J4
Ji
' '54
1J4
" 14
1
1
J4
Ji
40 Am Stores l)4i 04j IMtt
JO delstpf.125 125 125 l'a
200 Am Ship &
Cem ... 14
25(1 Am Gas.. 00
35 Bank N A
war w 1.. 52 Vi
277 Brill J O. 41
1flTf!linn Mtrs 7i"i
iiOtCM&StP 23 ' 23 23 li
SOtPnvis'n Ch 58ij 08 Vj 08ia2M,
00 Elec Ster.l47i 140V.. 147 y
10 Gen Asph. 0!) 00 00..
025 Gen Mtrs 0 DVj 0 Vt,
IRtOt-Ner Pf 74 74 74
OOtOulfSStl 73 73 73l
100 In Ce N A 32 32 32 . .
5 Key Tel pf 28 28 2S . .
270 Lake Sup. 8l 8Vi 8j
OOfMex Pct..l24!)i 12414 124..
lOfMldvn'c. . 30i 30Vi 304
110 Penn Cent
Lltlit nf. 55 54 55 Vi
328PennaBU 35 35i 35 Vs
Ti -t- Vj
ST-1! . .
23 U
Cern Exchange National Bank
Chestnut at Second Street, Philadelphia
aiiiiiiiiiiiiHiiilllllHIIIII illlllllllllltllllllllllllHlllllllllllllllllllllllllllliji.il
' i : .
15 Pcnna Salt 71
n
3-3;
27 27..
27. 27S
25 20
17 17.. ,
OMi 10()!)41
'W WM
It
1
37 43"t
51
04 Vi
17
34i
IN-
37-1J
44
51
04 V?
17
31' 'i
-l'.'j
115 Phil Ce enf 38
345 Phlln E ec 23
405 de prcf.. 27
210 dewurfp27"j
2785 Phila U T 211
lOOtPlcrce-Ar 17
00tStudeb'r..l00l
OOtSeuth U.v. 20
lOOTone Bel.
500Tone Min. Ill
70 I'nienTrnc 371
1117 U G 1.... 45 U
530 de prcf.. 51
40IU S Steel. 4Vu
50 Yerk Ilwy 17
30 de pref.. 34 U
tNet chanitp mnir by comparison with last
sale en New Yerk Stock Excr-
rillLADEU'HIA IIONDS
54000 Liberty 3d 4Js '2S..lets OS. 24
4000 Victory 4s '23 101). (KI
2000 Victory 4'.s '23 100.08
20000 Victory 4 k 23 11K).(J2
1000 Interstate ltailvvajs 4s.. 45
14000 Phila Electric Os lets lOlV'a
lOOO.Phllu Electric Os 101
4000 United Hallways 5s. .lets 81
LIVESTOCK QUOTATIONS
Chloaire, March 0. CATTLE ltccelttn,
11,000 head. Slen-, mrlctly g-uud and clioke
tftades b?ef steer stead: ethers weak te
10c lever. Tep ulcers. ID. 40, weight 1481
teunds; Ave head jenrllrsx, ili.TiQ: hulli, Let
tteers t7.H0 (as. I).-.; she stock, bulla, ntucUera
and feeders steady: veal calves steady te
ihlnperii. packers btddtner toner.
HOOS Receipts. 23,000 head. Lighter
weluhls aLtlve. 10c te ISc higher: mh,r
AK. . A I !lw. Tic te 10n higher thnn putAr,lu '. n..
A(IV. 4. szJorage: hie packers heldlnu hack. Tep, 111,50'
5e I fflhulk. lU.3riill.n5; piss vers Ien. 'M,u''
Swice
HARV
UNIVERSI
Economic
will help you at this uncertain
time when a dependabls buslnes;
forecast can prove of trsnwndeui
rrscttcal value.
Kearly 1000 of the leading bust
nsss concerns of America are
following this Serylea rfsularlr
as a guide In planning their busi
ness moves.
Subscribers were warned of the
recent depression fully U menttia
before It occurred. They are new
receiving forecast; of events for
the coming months. Price 1100
a Tear
Write for circular and tatett
Weekly Letter
Committee, en Economic Research
45 Wadsworth lIoese.Cambrldte.Mase
1
H
C8
9(4
5
29(4
39
4614
fc7
28
45
30Ji .
C5J4
4 -
9Ji
G1 -59
95
1414 -r
36
35 f
7514
45 -B14
.
714 .
23H .
96Ji
98 -S6
5
4714 I
Ji
itt
.Ji
1
J4
(4
H
J4
M
Ji
J4
1J4
1
14
71
1J4
2
Ji
Ji
Ji
Hi
'li
J4
3
1
1J4
bllEUr UecelPts. 17.000 heml Put ilm.n
nnd shearing Iambi sternly lildiUnv VSSinec
lower en fut lambs no woeUd fnt lanibs
sold early. Choir fall shorn, JI-.' ,',0, fill
uliern i.'xhh j ertrllnes. ir.', jeiirllnti anil
tcs. 111, ISO: rat ewe top arly, 'i,i hulk
early. SN&R";.; uoed GO-pound che.irlnr
lambs, JH.Jj.
Iittsbunrh. Pa., March 0 HOOj. lti
celpts, lftOO head, Hltcher, lleavlt'a, tll.m
Hi!; heavy yerkers, 12.33 O1S.S0, light
yerkers. 112.1ft: plus. 111.30.
SHEUP AND LAMIIS lletclpts. 3()0 Iimc.
Steady Tep sheep. 10. 30, tup lambs, 110.
CALVES Receipts. 273 Iliad. Steady
Tep. 113.50.
Kast Buffalo. March 0 TAT1 LK He
-elpts. 75 head. Easv. Calves, receipts
173 he-ad, hteady, lain..10.
HCKIS Receipts. hOO head Slew, sleadv
te 23e lower Heavy (11 2'filll Mi, mixed
11. 7fi 12.25: jerkers. S1S012.2S. Ilaht .10
11.7.1W13' lU M 3UOU.73. rujuhs. $9.2;
HHEEP AND LAMIIS - Ilecclpti, 1200
,ieud, tileady, u icliunufj.
0PP0RTUN1H
IS OFFERED
Te a man of affairs who has
vision te recognize an unusual
opportunity te put some idle
capital at work in a syndicate
new organizing by men of na
tional repute and whose bona
fides are undoubted. There will
be an unusually large return en
the money invested by mem
bers of the syndicate. Ne at
tention will be paid te replies
by brokers or agents.
C 228, LEDGER OFFICE
I- " i
tl
T:ht st. i.euU.
celpls 17U0 head.
Virch !. rATTI.i: R
mer FiecrB. in.; m l,"-
Cables
.17. H3
37. tin
New Haven te Extend Lean
W'a.hlnsten, March 0 -Th New Yerk,
V.ivv Haven and Hartferd Railroad was
ilven formal permission by the Interstate
Ce:tnn Commission today te enter ns
h,.,,, in inns with owners of Its "Eurepeaif
eiin" bends leek nif te a deferinent of the'r
in
DIVIDENDS DECLARED
i-ell Telenhena Company of Canada, quar
terly " per cent; payable April 15 te stock of
record" March 81.
Victer Talking Machlni Company, dlvl
dnd of 10 a share en (omnien stock,
Svible April 15 te te.k of record March
S?y nd Quarterly U." en pr.ferred stock.
Hucyrus Company, uuarterli 11 p-r cent
en preferred, payable April 1 te stock of
record March S2.
Wilsen Ce., quartern i..e en prererred.
payable , March 31 te stock of ricerd March
United Qas Improvement Company, nusr
teriv 1 per cent en cjimnen. pajable April
:.".' "...i, nt record March 31. Alir. ciuar.
tnrly l' Pr cent en pieferred, pdytble June
Hft
IV?- .! JC". record May 81.'
im.ripan window Ulass Machine Cem
Granulated Sugar Advanced te 5.30c
New Yark. March 9. The raw sugar mar
ket continues steady with Cubas ter Jlarcl;
MONEY-LENDING RATE8
NKWi YORK Meney en rail, hnih i.....
ket continues steady wltli V-ui;?," ,Dr. il",r:" ief collateral, opened today at 4if nr SiSt
and April shipment quoted at 2'i .cents, cost ,J cJ '. nT?n$ a Mr cent
and f re lint. A substantial business was
transacted yesterday, reflners taking apprex.
Imately 250.000 bags afloat and for March
and April shipment at 2!4 cents, cost and
freight, while a moderate amount of Cubas
for April shipment was sold te the United
Kingdom at 12s Sd, c. I. f.. United King King
c'em. In addition te the Cubas. local tenners
purchased 3000 bags Perte RIces, due March
20, at 8.70 cents, c. I. f.. and 0000 hags
I'orte Rlcea last half March shipment at
8,70 cents, t. I, f., with outpert iptleii. Th
local rnnerl market Is firmer. The Warner
Hugar Refltilng Company advaved Its prltes
1 points te 5.80 cents, less 2 vr cent for
cash, while Arbuckle Brethers sdvanceil
their Price 3 points, te 0.20 cent". The
Pennsylvania nugar uempsuj, . iniauui
ewer. ether i-vses steady. Choice vieichiv
ileers. J8.73: bulk ttecrs. $7,23 1"7 70; bulk ,
ieef cevis. t.lfru, bulk veal talvci, Including
Itp. iioncie.no.
HOCJ8 Receipts, 8500 head Opened sleadv
te lOe lower, later market stcadv. Tep. J1I.40'
bulk 170 te 2UI1 pound nverHBes, tl l.'J.'tf
11.33: p.uker wiwk if.-k te 15c lower, bulk.
I .MlWII lift; plKS weak.
' HHEEP Receipts, neil" Nominally,
steady.
RAILROAD EARNINGS
HEAIIOARD AIR L1N11
11122 TnerMcA
January gross 13,3k1 ftfll 74 r.Ti
rei, eper. income.. .'12.7bU 343..".n7
We Offer
City of Philadelphia
3eg.4i,1938,1941,99
City of Camden
6i, 1927, 1052
WiBiNia Bum. PmuMumiA
MsifiWUbeMaVfaW
HtWYOeg HiHUKTH.HJ.
Ne. 2 A Series Shevrtng
the Value Deck of
PcBisylvinia Edisei
Company
Cuntulatlv trfrrd Stetk
Dividends $8 per Share
per annum
Outstanding Features:
1. Its rick aid growing terri
tory. 2. Dfersity of customers'
bnsuKts.
3. Its service aa absolute
public aeed.
4. The present stability of its
business. . '
5. The perpetual character of
Ha franchises.
6. Its business is en a cub
basis.
7. It ewes practically no ua
funded money.
8. The personnel of its maa
ageneat hat demeastratel
its ability.
9. The business of some cea
titueat properties started
aa early as 1850.
These favorable conditie!
make us believe that the Pre
ferred Stock, yielding 8, i
sound and they are the ret
sons for our recommendation.
Shall we tend yea
additional information?
Jehn Nickerson, Jr.
61 Broadway 314Ne.BV7
New Yerk City St Leuis, Miv
Shla, also advanced Its price ivi ixiniin. tu
.30 cents, less 2 ter cent for, cash basis.
Arrivals of raws eslerday Included 84,000
nuarterly l' Per. r'ni en tupmen. and lVs
S" MM en preferred, Payable April 1 te
tmrk of record March 14.
J.OO !,. liei
nrst P,"1"
record M-rrh fO, and .ly'iMerly IMS en I nfethers. and 2O.t0O bags te the American
second Preferred for lr ed May 1. Mil 7. ? Sugar Rennlng Company?
lies Mlscult nuarterly 11.75 en bi cubas te the Warner Bugar Rellnlng
rre.J '"v.'KLAr.Hi i"?urJr.t i? CeKpaVy I 40.000 bag's te the National Sugar
022, payable April 1 te eieek of Heflnlnr Cempany: 48 000 bags te Arbii' kle
in time money, the r. m. r.n, n.A .
unbroken, although the market was quoted
nominally at 4 per cent te 5 per cent,
rr'me bank acccptancea Improved some
what In volume of dealings Innmnced by the
easier cendlt en of the call money market en
collateral. Rates were unchanged at Vi te
S per cent. ' '
Prime mercantile, paper was moderately
active n the country section. The market
Is nominally 44 te 5 per cent, with the
higher figure en the average. " ' ,h0
rilILArEI.PIIIA-Ca. e per cent- time
5 per cent: commercial papeF. three 16 &
months, 3 te 6 4 per ter.t. "a
'Vi
.CBttrvative investments
L, M.MMeekin u Williamson
?.i
UAH HANtOll MTU.
""T -T. -T.. T. .i.-
, rem, vise wssssss
inturltv daw from April 1 1022. te April 1.
23. Kiid te offer tne st-cur'ty owners all
iicreaH.. til interest late from I te 7 lr
cellt. Th ni-Hiuncemim """ . r
ullVeHd Wednesduv that the permission hud
bin tecureil nnd thut the anvermn-nt hut
further cunnenteil te Ie.nl It money te com.
i.'el" the transaction, bvt the teminlislnn'H
decision today U a net take the ceial point
There are new eilnanM bonte et iht,
European lean amounting- te OO.TOi.OOOf,
fnJ n.U.00 In dejr peiu1.
V f
August I. 10". PSiBb'e
receta rtprii "
French Bank Statement
Purls. March 0, The weekly statement 01
Texas Oil Companies Merfle
rxla. Tfi.. March 0. First step, in ,h.
used conselldat ent of the Ilumnnrey.
s Company and the Humphreia -Kft
Lackawanna Steel Advances Prices
ffi:n.i.?k oef., tc T.rM.v:ra
niltrel in ..---"-, , (- aiini srsurt.
COO.OOD' freneg.W the; m. I ATTf'J,. h ,
"umP'irejs ilexlu
BAR 8ILVER Hen.' te' be knevn "S. ihrTlumphryrpefiI
Demestic br .liver ma. unchanged In """"' .:. " fl?.'"1""! J1." .eterda . t :
New Yerk today at Hc per nrie ouncifer- c-Smpany vris Sfs'seltJd "u,m,"re' Texas
elgn. MVc. an advance of ' c, In Londen. ' nB of tocknel,kJs ThS' n, c al "et
the price, was HI higher at hVi. d. iw w "'ewpeweTlM ie'uumteV eV'f
1 tiiFin'i. u. 11a nnaeis. me cemnanv .. m
I hereafter, he called n,l H.-ir.Tm.p..a.n WII.
Lackawanna
rlcea en bars.
a 1
Humphreys Oil Company
ivti l
nd designed 'a." e
,,friro.'e&B.ltf'.V.,h"
en bars. 000. -iiie new Humphreys Teil CemDsnV'':
00-pound negotiating te acquire all of .h. .,..?? '!
in, lermer Humphreys Meit Qpnpan:'" el
Increas
Decrease.
Pari Bourse Weak
Paris. March t) Thn Rourse was eak to
day, owing te tha refusal of tire Unlttd
Ftates te participate In the Oenei Confer Cenfer
ence. Three per cent rentes, 3d francs 10
centimes; exihange 011 Londen IS francs 3'
centimes: 5 per cent lean, 7 francs liv rent
t'mes. Tile derar wuh tueted ut 11 fram
BANK CLEARINGS
1022 1(121 Hl"0
llanlc clearings today compared with" cer.
rrspendlnir ilav lust two veari:
Phila... Sill.one.4iou J3H, 3Kl,7,lil 170. I'M lCi
lloaten.. U.nnil.llliu ll.'On Nllll '"'-','J
N. Y .. 0411,2011,01111 333,807,7! . I 831 shi'ii'.
Chicago. 83,2HO,0un H4:317;B74 ".,,'.,,..,7
Revenue Freight Loadings Decline
evv lerk. Mnrrh 0 leadings of revenue I
freight totaled 7.I.1.2KU car, .luring the w2?J
ended en February 21. compared wlili the '
024 during the previous week, or 1 reducl
tien of 43,838, according la reports lusi I
filed by the r.illr.M.ls of thn Unite, Htate.
with the car s.rvlce .Mvlslen of the Amerl"
can Railway Assoc at en Tills 1 reducilnn
under the vvuk before, was gen rally aMi lb.
uted te the observance .f VVashlniiieiV'1 1
lllrlhday en .February 22. The total M
the week of FebruaryJJsVa. 7304 er.f?n
excess of that for the corresponding week '
We"VlriMl. U"J" h WP0ndtal
, , ' - 4 .
msmz
e.OI.CIark&ee.
BANKERS
821 Cheitnut St., Philadelphia
Established 1837
Member New Yerk and Philadelphia
Stock Exchange
Sun Shipbuilding Is
Rie Grande J unct. 1st f s,
1939
Connecting Ry. 4s, 1951
Arthur C. Richards & Ce.
Private Telephone te ffetv Yerk
Drexel 'Building
Pelt. I.e. 703S,V Kcj.f af. Mala 7t
Stl
High-Grade
Railroad Bend
Tax free in Penna.
Te Yield 6ce
Baker, Yeung & Company
J0SKPII W. HWMN. r.. M inslr
Land Title Bldg.
.Bosten Pb.lsdelphU
ARGENTINE GOV'T
5-Year 7's
Yielding about 7.25
Prim at Market
EDWARD LOWBER STOKEStCO
20 Seuth 15th St., PhH
. nj Race W
1YIURRIS J. BOO
fortifies! Kkiliiic . Act
ULffayettt aMMiaff td
msm..
.. .Xi&mEtek.K-'t
t
rasa
a "wn
ksi&k&u
U
, ii V,
.(
. e ... i'i,wi .1 usk 1 ;.' i tfi"aT.,ii
. .., ,. .-Vm,.'," ' 1 ... fiaBBfSfBBfSBSBSBSBSBjaL.L.fak'.