MiJ.
-,?
iynssrir
smv?
;.i
AWM!-
A l J f-
ItNCOME TAX
f Returns
' Until March 15th
m representative of
the Internal RcVenuc A
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 Rwtrve Critcn
' City Hlall Square
V i
IV
fJfl'E.T ' " 1
Salesmen
Wanted
High - grade advertis
ing concern wants five
established advertising
salesmen te sell com
plete financial adver
tising service. -,
i
Attractive Eastern and
some Middle Western
territory open 6n' a''
commission basis. '
Only men whose dem
onstrated earning ca
pacity is $10,000 a year
or mere and who are
able te finance them
selves are asked te'
make appointments.-
Bex C 420
Ledger Office
i Canadian National Rys.
3-Year 5 Notes, 1925
,
;West. States Gas & El.
f First & Unified 5s, 1947
t
U
' GoedyV Tir & Rubber
' Debenture 8s, 1931
'i
t
Beles & Westwood
Membcri Pbila. Stack Escbtnft
'Land Title Bldg., Phila.
u
m
1
i?
.
m.
h
at
!
.A
ESTABLISHED 1865
hi
r
BIOREN & CO.
BANKERS
1410 Chestnut St., Philadelphia
llV
?
Government,
Municipal, Railroad
and Corporation
Securities
-nrrrr
g ". i . .' 1 1
101
iK 1 an Corporation B
ir
' m I H
vlte ' I Members Xew Yerk and Eg
IMI ' W 1'l""de'',','a Stock Exrhangci
ill- L I
HS
mi iniBsnaatfesKiHiHinr
I- y -w a
KK Atlantic & Yadkin
M ' , lit 4, 1949
,). II ..... . ... . Ml
(;' IW. I., fa. & Uhie
m l4JSs, 1935
ll'.v: III r-..... c: II
Kbr V III vmiBiii IV Ml
Wfft t 1st St, 1927
m$' hC(ifoisni&"AyizenV- "
WZI . ,w.? A l?kJ4i yM.
(&' III .WiDMtn'itio.MiiJkeurMU HI j
S..'-Xi-1 .K
kl HmmA
ih?; 'Tij m,i. i '.i
m m jSK
jioife . nn"vi a
Sifnfr Olfft. tftMrr-f$ Olttli
ftt!X&.
EEBLSmWT7!
i r vt
y
e-' .
KRtr.HW
TRADING AGAIN
BROAD AND ACTIVE
Ilv.
Saten In $
1U0 .,
200 ..
200 8
100 4
300 ..
i200 ;,
M300' ..
100 4
Accumulation of the Sugar
Shares Was an Outstand-
ing'Featura
100
, 100
' 100
300
800
"900
200
New Yerl. Mnreli 1H. Tradiftc'ln te1
clnyV stock wns brnnit nntl nrttve Q.nri
iwlille theri vns n t,miplrtieiii nbaenrc
of vpninc-ulnr upbldilliiK of prices new
i 1iIk1i (or tlie yenr were yowl bv n
number "f tlic inilutrinl sppclnltle. TIip
miukct'.H reuinrknble nb,orntln'eanc
' Ity wns once mere nn euMtnndlnK fea-
ttire. ns it w'as nppnrenlly Milled upon
e tllKext "if- cry tfonxlilernble volume
let nretlt-ttikltie unle. Tlie pronounced
'
1
'
"
'800
700
200
100
500
200'
.100
500
1400
300
100
1G00 '
tee
100
260
100
1000
100
4000
100
100
200
2300
200
2200
2000
200
300
100
300
100"
300
5800
1300
100
100
900
800
200
2100
100
700
3500
200
200
300
6500
100
200
100
100
100
100
100
300
100
100
200
100
400
900
400
100
400
1500
200
1300
300
5200
400
500
1100
200
.200
fiunnei of tlie whole lict cp,miniindcil
mure iiuviuKjn iprnufe m inu ciwiuiiuiij
nlttence of stlnmliitliic new clc-VtMnp.
menta. All I'endltinni. however, etlipr
tliiin thec wit hilt the market' Itself,
were pavxed by with indlflVrenre. A
notable illiwtrullan in this connection
was the further weaknet of foreign
exchange.
It wjih c&rntlnllv a trader?' market,
but the constructive forces still main-
tallied nlme.jindNputed control. There
wn n centinunfliin of the peel demon demen
f rations; these sspeculatlve combinations
st A found encouragement in the ceutin-
J tied cnfce of the money markets. The
'continued contraction in the lean item
of the Imnks ns disclosed in Saturday's
Clearing Heuse .stntement was regarded
. n bip bull nrguiiicnt because of its re
' tlectlen of the marked progress in the
1 correction of the credit situation. Al Al
theiii heavy withdrawals of fums te
meet income tax payments are expected
between today and Wednesday, call
money opened nt 4 per cent nnd was In'
plentiful suppl).
While the ttading was et n distinct
broadening type with constant shifting
of activity, one of the mere" con
spicuous outstanding features was found
in the steady, accumulation of the stocks
'of the sugar-producing companies which
' ha.s been," in cividence for .some time.
, Cuban American. Cuban t'ane and
I'unta Alegre were in demand en n
large scale, buying orders coining from
i iiitluential banking nnd trade intercut
and forcing them up te new high prices
(or the jeatv The inewiiient of the
group attracted attention te statements
'contained in recent cables that vague
leperts were turrent in Ijonden of an
' international sugar conellt1ntion, nnd
it wns believed by some wlie watcliee
ttli trading thnt tedaj 's operations were
indirectly associated with these rumored
plans.
As a matter of fact the investment
tails and industrials were supplanted
in speculative favor by specialties and
1 this was made the mere noticeable ns
the morning ndvanced. Market Street
Itailwav common rose 'J peintw. the pre
ferred V2 ami the prier preferred 5!S.
I'nited Hallway Investment preferred,
an affiliated property, gained HVi.
i I'.roekljn Union (ins, Manhattan Kle
ated and Mentana Power ceaipcjbed
the ether strong utilities. J,co, ltubber
wus strongest of the meter accessories.
1'irm miscellaneous sharcH were fea
tured by Sears-Heebuek-and Ileriiingten
T pewriter c.-ommen nnd preferred.
300
8300
53C0
100
300
100
700
2300
100
100
3400
1300
200
100
100
2100
900
200
1000
8500
2600
2300
500
1200
200
300
Commodity Markets
GRAIN MARKET
Chicago, .March IP.. Wheat started
Rc lower 10 iiC higher (or May nnd
lim hanged te :e higher (or July. Trade
was moderate with a little scattered
l.ii vine encouraged by the higher I.lver-1
peel cables and lack of important selling
Tern started unchanged 'for May. ?c
higher for July and 'jO te "'i.c higher
for September. There was selling by
local professionals en the bulge and the
market had a setback.
Oats started unchanged te 'sc lower
with a dull 'and featureless trade.
Whi-at
M . .-
,!ul
Scptemlr
Cern
My . ,
July
September
Oatt
Mn . ..
Jub
UM.
1 X' M.
1 as
.'. . J.1CH
"
l2'i
k0T.
3si4
40W
COTTON MARKET
Niftv Yerk, March IS. 'lheie was n,
fnlrh active trade at the opening of
Uie cotVeu market telay, but net mm h
change ill prices, which were two points
higher te two points lower. On the.
'lmlng side were Liverpool, Japanese
tiuil Wu)l street interests, while New
Orleans nnd spot houses sold. The,
cubles were steady, hut mnn traders j
appeared te B'e cencenied ever condi
tions in India and Seuth Africa. The
103
100
23
700
100
2200
200
tee
7800
200
100
200
100
8100
2300
900
4900
. 100
1700
300
14600
300
2300
100
3100
100
300
3700
2600
100
100
100
1200
100
403
200
1200
400
800
2200
200
100
300
800
300
1600
700
100
200
5300
1500
7400
2900
1700
300
400
?900
4100
market, iif-tei the start, was stead,
at about unchanged prices (rem Satur-
1 lt'pcelpts'nt the ports for the day nre
estimated at l.'.OOII bales against 11), -J(M5
bales a week age, It, HO bates a
Atar age and 11,-74 hales i,.e jtars
uge.
Sat.
. IS ru
. is 01
. it m
in );
. in is
Te,!ai s
is ')!
is m
17 ."0
in ns
ir,.n
11 30
1PM
1 S 3il
1 ii.l
17 :u
lU till
Liverpool Cotten
Mnrch 11 The.) as a reed
Knet cotton t-ilil'. but !iusine
I.Uenwwil
fl,riTinil ter
uim meilrrati) lili rrlr,-' ufajy in tb- tMl
of un advare of 1- points for mlrtdllnif, nt
10 il'M Th I'll f M're steady In the oerly
h iltni;. far t rrlriiwre American, mld
rtllnit fair. I'J'.'ld feed mlddllnir ll.iMM,
fullv mlddllna lUUIrt mlddlln.-, 10 804, low
m'dd Ins. P.i'il. eesd ordinary, b Did, and
ordinary. S U'l.
NEW YORK COFFEE MARKET
New Yerk, March 13. The local cof
fee market opened easy this morning en
selling pressure In the near mentliH from
i l-'uint h,tfe.et commission house. First
nrlcY-st WiVftved declines of 0 te 1 t points.
If an thing, the local coffee market
1 wnn. u 'llttlii. hteadler around mld-dii)
.vith less selling pressure In evident
and bids about 'J te 4 points abee ini
tial fieure-. Prominent outside specu-
Infrti... Inti'i e.!j fill, lielleveil te lie plesclv
watching coffee, having been attracted '
'by the urnng Matltieul position and!
a belief that teutiacts must sell nearer
a parltv of ISraill'.s prlies, or else lira-
! stii must come down. There are no in- ,
illcatieiis. however, that Urn11 Is in
' nnjthiiiB but a strong position and
I jirlee-. there liave been continually ad
vancing.
I'rm rles.i ()vn
. lJ.ii . U1 h ft(MfS4 I
i tvr,t.irrt.er . K Il3tf MJ'lWi.
DIVIDENDS DECLARED
International Itarvcster r'enjpany
,uuar-
t.TU J1.23 cm i.ninen pasuia
Apflt 13
tn neck of nrer.l .Marrn :a.
HUPP Mutur Cur Corperntlon riuartrrly
13j per cent tn preferred, payable April 1
te IMk of record Miircli 20.
'
waiwerm .unuiatiuiiiiK wiiiiuir, , ut
terly l'-a Pir tsnt en prrarr"i. payaum
llurch JI lo'ntecitof record March
.flli' f J i I 1. t I !
:i,
C.hartfra Filed
llttlfl
)fl.. JUrrh IS. Churleri
md tn
ireirr. iri,, -ni """,, .
daj
inn rnuiienai nuunr i k' u ai
ca, jrfii.'jvu.wiv
rn.inul(U'tur.. lire.. ilc : C1
II. Oulli'li. b
MuiKiy. I., f Chrl.ly.
WllrnlnBten
Thn Weiiern rnmpunv. J7.00D..
,ii u,. uai
In Hiecku, bund., tc..T. I. Cre.
tfau
M. A llruce. I' II. IllanKc. Wllmlne
ntxmm tVml Cnrneratlim SI. 000. 000.
ten
locate and develop coal land.! C. H,
M? h. Herty. .?.' Kelly. WjImWten:
".".- : . ...',. .i..'., ,f v..... -
riep cimi mnij.i u. n, wuiien,
A 'l'l
0
baa sibvi
top ,
a
B Starch .
n May . . .
H July ...
If Ortnhr
p Thrmlr
H Jii uary
1
tfitfeJfiK
W.
:'M
irn
iVI,YH1r'V
Jy-
MiWfc.I'il'
ru?
JEK
i-t JVJ,
EVENING PUBLIC LEDGER
NEW YORK STOCK EXCHANGE TRANSACTIONS
f.M Nt
r. m. t?.i,
STOCK Hlh
Adams Express ... 62 yi
Adxance llumeiy... 17yi
Advance Humel? pf. 47 yi
Lew
62 H
17 ft
47 ft
52
16ft
ft
V
58
106ft
47
92
41
69
40 ft
39 ft
59 ft
44ft
104
156ft
10ft
26
5H
15ft
68
101
44
10ft
31
54 ft
109
117ft
8
14
50
92
130
33
72 ft
89 ft
29
123
138
10
27
89 ft
13ft
37
49
46
78 ft
7714
97 ft
1 .
3
30
79
24
107ft
38
59
64
110
7
9
59
19ft
11
9
85
82
97
126ft
39
5
25
31ft
12ft
73 ft
52
6ft
135ft
4ft
35
70 ft
35
73ft
62ft
ft
52
16
ft
H
58
106ft
47 -r
it
4 Air Reduction 5Z ,
.. AJax ltubber 16H
;, Alaska Oelcl Mines.. yi
. . Alaska Juneau O M ft
4 Allied Chcm & Dye. 58 H
7 Allied Chem & D pf 106ft
4 Allls-Chnlmcrs .... 47
. i Allls-Chnlmcrs pf . . . . 92
.. Am AgrleChem.... 41 U
...Am Aptrle Chcm pf. 70 W
V
92 ...
41ft-H
69 - y
41 1
v.. Am Baet Sugar.... 41
.. Am Bejeh Magneto. 39 14
4 Am U Shee Fdy new 59 V
.. Am Can 44J4
,7. Am Can pf 104
12 Anj Car & IMy. .. . 156J4
,,.Am Chlcle 10ft
.. Am Cotten Oil 26H
.. Au Drutr ?n 5H
.. Am lUdc & r-enther 15H
. . Am Ifide & Lcath pf 69 V
7 VVm Ice ..4 102
.. 'Am Internal Cerp... 44
" 1 Am-I.f France Ens. 1 1
. . Am Linseed 31 H
. . Am Linseed pf 5Vj
Am Locomotive ...109H
7 Am Locomotive pf . .117ft
.. Am Safety lUzer. . 8H
.. Am "Ship & Cem.... 1W
. Am Smelt 5'
7 Am Smelt pf 92
12 Am Snuff 130
3 Am Steel Foundries 34
.. Am Sugar Hef 73
7 Am Sugar Hef pf. . 964
.. Am Sumatra 30J4
9 Am Tel & Tel 123(4
12 Am Tobacco 138
.. Am Waterworks... 10
.. AmWatrwks 6 Pf 27K
7 Am Woolen 89 ft
.. Am Zinc Ld & Smlt 13ft
.. Am Zinc Ld & S pf '38 ft
.. Anaconda Copper.. 49ft
.. Ann Arber pf 48ft
6 AsseD Goods 1st pf.. 78 ft
7 ARSoDOeod 2d pf. . . 77 Ji
6 Atch Tep & San Fe 97ft
. . Allan lilr & Atlantic 1 ft
.. Atlantic Fruit 3ft
.. All Gulf & W I S S 30H
G Austin Nlch Inc pf 79
.. Austin Nicholas.... 24
7 Baldwin Locemotlvo 108ft
.. Baltimore & Ohie.. 38
. . Batepllas Mining. . . U
6 Bethlehem Steel.... 60
E Beth Steel B 65ft
8 Beth Steel 8 pf. .110ft
.. Beeth Fisheries.... '
.. Urlt Km Steel 9
.. Brit Em Steel 1st pf 59?i
.. Brit Em Steel 2d pf 19ft
. . Bklyn Rapid Transit 1 1 ft
. . Ukln U T ctfs of dep 9
.. Brklyn Union Gas.. 85ft
7 Buffalo A Susq.... 82
7 Burns Bres pf 97
8 Burns Bres A 126H
2 Burns Bres B 39
. . Butte Copper & Zinc 5
.. Butte & Sup Cep... 26ft
.. Butterlck 31
.. Cnrliln Cen O & R. . 12ft
39ft
59 ft
44ft 103
156ft 4
10ft 26 f
5
15ft
68 ft f
101
44
' 11
31-r
54ft
109 f
117ft
8
14-
50
92
130 i-
ft
1
1
ft
ft
V.
y
v
ft
ft
"i
ift
ft
ft
Yi
ft
3ft
ft
ft
ft
1ft
ft
ft
33
73 f
98 ft
30J4 123
138
10
13ft
38 ft -39ft
46 -78ft
77J4
97ft -r
1 -3J4
30 t
79
24 -
107ft-
38
60
65ft f
110ft J
7 9 -59
r
19ft
"a -
9 -t-
85ft t
82 f
97
126-
39
5
25
31ft
12ft
74 ft t-
52 -
6ft
I35ft -
4
36-r-
70ft-
35
73
60ft
5ft
10
19ft
41ftf
y
ft
V
2ft
ft
W
ft
ft
2
ft
ft
ft
ft
ft
ft
'A
'ft
1
ft
1ft
4
ft
ft
ft
ft
'y
ift
ft
ft
6 California Packing. 74ft
..'California Pereleum 52
. . Callahan Zinc & Ld ft
10 Canadian Pacific. .. 136ft
.. Case (J 1) Plew... 4
. . Central Leather ... 36 H
. . Central Leather pr. 70ft
.. Cerre-de-Pasco .... 35ft
., Cliandler Meters ... 73
4 Chesapeake & Ohie 60 ft
.. Chicago & Alten... 5ft
. . Chicago & Alten- pi 10
.. Chi & K III (new).., 19
I.. Chi & E 111 (new) pf 42ft
.. Chi & Or West pf.. 18
.. Chi Mil & St P.... "ft
.. Chi Mil & St P Pf.. 37ft
5 Chi & Northwestern 69 ft
.. Chi Rl & Pac 40ft
6 01 R I & Pac 6 pt 78
?'
ift
ft
ft
i
ft
ft
"
ft
ft
ft
60 ft
5ft
10
18ft
39
18
23
37 ft
69 ft
40 ft
78
92
17ft
27 ft
81 ft
91
43J4
27
47 ft
59
79
2
12
72
ft
106
14
59 ft
104ft
35 ft
58
84 ft
24
90 ft
14ft
37
,58ft
71
114ft
24
3
7
675
145
18
23 -37
ft .
69J4
40H
17
27ft
83
91
43H.
27ft
48ft
59
13ft
72
ft
106
14
5"9
104ft-35ft-SB
-
84 ft
24 90ft
15
37
58
71 -
114ft
24 -r
3 .
17
675
145,
30
82ft
T
94
103
19 -
ft .
61J4
95
71
156 -10
-71
40
85
78 ft
ft-
7 rhi n i & p 7Vb ut '
Chile Copper V7
. Chlne Copper ''
6 Clev Cln C & S L Pf 83
7 Cluett-Peabody pf . . 91
4 Coca-Cela
. Cole Fuel & Iren.. 2Bft
3 Colerado & Southern 48 ft
4 Colerado & Se 1st pf 59
C Celum Gas & Elec. 80ft
. Celum Graphophene ZJ
. Cel Graphophene pf 13ft
4 Cemput Tab Rec. . 72ft
. Consel D1h Ins n
7 Consolidated Gaa..106H
. Consel Textiles 14
. Continental Can 59H
a rvim PrniluetH Ref . 1051
700
Cosden & Ce 36ft
Crucible Steel 5Bft
5100 2ft
1300 4
100 7
1 1 500
100 7
8200 . .
6300 . .
1 600
100 6
100 G
100 1
7 Crucible Steel pf... 84ft
. . Cuban Am Sugar. . . 25H
7 Cub-Amer Sugar pf 90 ft
.. Cuban Cane Sugar. 15
.. Cuban Cane Sug pf 38
. . Davisen Chemical.. 59
6 Deere & Ce pf 71
G Del Lack & Western 114ft
1 Deme Mines 24 J
.. DuluthSe S A&t.. 3
. . Duluth Se S & At pf 7
10 Eastman Kodak... 675
12 Elec Storage Bat.. 146
.. Kmersen-Brant pf. 30
6 liidlcott-Jehnaon . . 8ZV
Erin 1
.. Erie 1st pf. ....... 17
8 Famous Players L. . 85 H
8 Famous Plajers pf. . 93ft
10 Fisher Bedy 94
7 FlHher Bedy lif..-.-;'03
8. Fisher Bedy of O pf 91
.. Flsk Rubber left
.. Frcepert Texas... 20
.. Gasten Wms & Wig ft
.. General Asphalt... 62ft
S General Asphalt pf. 95
C General Cigar 71
8 General Electric. ... 156
.. General Meters.... 10ft
G Gen Metera deb G7c 7
.. Goedrich B F 41ft
7 Goedrich B F pf... 05
7 Great Northern pt. 78 Je
1 Great North Ore ctfa 34 ft
, Greene Cananea c op 27 ft
.. Guantanamo Sugar. 12ft
Gulf State Steel..., 73ft
.'. Hablrahaw El Cable 3ft
7 Hartman Cerp 103
.. HendeoMfgCe.... 19h
,. Housten Oil 70ft
.. Hupp Motorcar,... 15
.. Indlahema Ref..... Js
.. Inspiration Cen Cep 40
.. mterb con Cerp.... Zft
.. Interb Cen Cerp pf 6H
.. internal Agrlcul... 11
.. lnt Agrlcul Cetp pf. 42
2 Inter Comb Lng... "
D lnt Harvester new.. 93
. lnt Mer Marine.... 15ft
U mt Mer Marine pf.. 70 ft
Internal Motertruck 72ft
7 lnt Mote trek 1st pf 74
.. International Nickel 13
intmatlenal Paper 46
30
81
10
17
84ft
93
94
103
91
15
19
ft
61ft
95
69
156
10
71
40 ft
85
78ft
34 ft
27 ft
11
72 ft
2ft
103
19
76ft
14
3ft
40 ft
ft
6ft
11
42
24
93
15ft
70 ft
72ft
74
12
46
66
63
17ft
29 ft
I ft
20 ft
40
25 ft
55
5ft
46
12-r-73
-r
2ft
103
19
3J4
40 4-
2ft-
6ft-
11
42
25
93
15ft
70ft
72ft -r
74
66
63
17ft
29ft -l
21ft
40
25-
56
5ft-
46ft
C Internal Paper pt .
G Inter Paper pf atpd
-.. invincible Oil C.urp
.. Iren Products
,'. Island-Oil
.. Jewel Tea
.. Jenes Bres Tea....
,. Kan City Southern.
. i.-or, rMtv Se uf . . . .
66
6314
17ft
30 ft
1
21
41
I5ft
56
t. Kansas & Oulf 5
., Kelly-SPK Tire 46 H
plea weak te 2Sc lower! packer "ew
te 30e lower, mostly at l. , . ...
SHEK1 ltece'pta, 10UJ) head. All
te packura. Market nominally .teady.
LIVESTOCK QUOTATIONS
-i.i..e March la, aiiw. jtcip..
n,S hfiii alew, rly i; t.-ct mcr.
24.IMMI hed. ,'?.".. 'ini feed. r. ine te
'.n luwer. Tep beef .lery, curiy
r.u?k 17.3041 .30. )" ttbeut "tca,lyi
aw ae;
cal"a
unevenly lower.
llfiflK- -Ilcce pt, m.u'iu ni-u,j. rumu
"M aKer than Hjtrd.?. .v-r.,..
..Itccrlpta. ST.enp .
KWwArWlSSr11
ilMlroble, 100 te
Ka Huffale, .March 18. CATTI.K Ite.
celpta, 8200 head. Hlew. atrady. except rom rem rom
men. 253Re lower. Shlpp'n ateera, 17,50
K70! butcher.. H.25k.2Bs yearllrma. M
8, heifer.. I3.234J7.73! cow., l.'.-'SUHi
bull., 13.30 3 23, .teckera Rnd feederii. 15
tli fre.h cow. and .prlnaer., M.1MI.111.
Calve., receipt., l!000 head. One dellur
lnu. tt19 Rfk
II0G8 llucelpt.. 14.000 head. Tlilrty
Hve te Mlc lower. Heavy, 110.73011; mlied,
111. 234 11.40! yerkera and light yerk.ra,
111. 25011,30! pig.. IlltPll..-1; reuicha, U
tfO 25! .tag., I4cll. I . .
H1IBIC1' ANU Y.AMI8 Hecelpta, 000(1
head. ImibB, 25c higher; ether.. 50c 4 1 1
higher I lamb.. IHOlil.23! yearling., IIOUP
15; wether., 112(112.50; ewea, I2&11; mixed
aheep, I11O11.50. "
HHIini Ifcelpt"
14.000 head, Slew,
,tnn. early! .niirr jriinun, u..i'i
,l0"?.. i?ii.: ...le. early Three lead..
gS'teH "pnd ellpper.. fully -teadyrt 13
fesv wnull Ieta fat era, .teady, ut U.
,.. s IjeuU. March IS. CATTLE Re.
..?. MMM head. Jlei'f "teer. .low. ISc.te
beat cewa: cannera, bull, and
iit veurl n,
PtMobergh,
Hecelpta,' fiik)
.teady! mp mixta yearling..
lecKiif. .aeuuv
j . ? ..
i,r.0;,Val
ealyia unevewy
vrny iiw
er: practical
,a.ae; eeii.ra,
earljYM.Il0
I rC7Blv.a rM..lnta.
"11-' ..i
h'A4.'i .'?!. I'.fftLjV-'
.HQUItS
KOOOjVi
'.lgu;
IttlH. I' BJHB MPIItlel.JaBV
iiofnej...' iiiiiiiwi"0"i
.IMS, , ifim,ZL:Jte&..-,
! ,-..!
- MILADELPHIA, MONDAY, MAfiOHjiM
PHIIjADELPHI A
Xlr.
81 In I STOCK " ln
100 8 Kelly-Spn T i pf 7
1400 .. Kelsey Wheel 95ft
100 7 Kelsey Wheel pf... 95
4800 .. Kennccett Copper.. 29ft
2050 ., Keystone T & R. .. . 16
200 Kresce S S 136ft
200 ., Lackawanna Steel,. 48 .
100 , . Laclede Gas of St L 56ft
m 200 . , Lake Erie A West. . 16ft
200 .. Lake Erie A W pf. 33 ft
-13500 2 Lee Rubber Tire... 34ft
900 3 Lehlfh Valley 59ft
3100 7 Lima Locomotive. . 104ft
, 1:30
' r. m.
Lew
97
92
95
28
16ft
135
47ft
56 ft
16ft
33 ri
33
58ft
102
101ft
14
12
114 ,
1U
13
49 ft
41
36
34
9
38 ft
63 ft
25
27
29 ft
14ft
12ft
127
97
95
95
,29ft
16ft
136ft
48
56ft
16ft
33ft
34
58ft
104 ,
101 ftr 1
14
12
114 1
113 -
300 7 Lima Locomotive pflOlft
200
600
100
200
200
1100
100
1500
200
3100
700 .
5800
100
100
100
100
200
9800
tee
34001.
2900
8430
4 00
100
5500
200
1900
1900 ,
200
3800
300
100
700
5400
100
100
100
1100
.800
. . Lcewe Ce 14
1 Left Candy 12
7 Lerlllard Tobacco pf 1 14
7 Louisville A Nash.. 113
. . Mslntyre Pere Ml..
. Manatl Sugar
. . Manhattan Eire S..
7 Manhat Elev Guar. .
2 Manhat Shirt
.. Market St Rwy,,..
... Marktt St Rwy pf.
. . Mar St Rwy pr pf . .
.. Marlln Oil
.. Martin Parry
. . Math Alkali
13
13
52
41
36 ft
34 ft
1014
52
41
37 Ji
34 ft
10
41J4
65
25
41
G3
25 -
27
29 ft
14ft
12ft
127
27ft
'13
30
10ft
63
5
12-
34
'22T
54ft
67
15ft
29-
85
1
35ft-
89 ft
7 -'
3'2-
14ft
27
29 ft
.. Max Class B 14?4
8 May Dept Stores... 13
12 Mexican Petroleum. 128
2 Miami Cenner 27 ft
27 ft ,
13y4
23 ft
9
63
5
12
34 .
22
54 ft
66 ft
15ft
29
85
1
35
89 ft
7
3ft
14
80
30
55
17
22
23
100ft
57
81
13
2ft
14ft
34
49 ft
58 ft
52
37 ft
7
75ft
17
27
59 ft
35 ft
35
35
16
7
60
27 ft
17
27 ft
84
117ft
40 ft
30'
100ft
20
SO Middle States Cerp. 13ft
.. Mldvale Steel
.. Minn & St Leuis. ..
7 M St P & 8 S M...
. . M6 Kansas A Texas
. . Me Kan & Tex wl)
30 ft
10ft
63
5
12
.. Me Kan AT (wl) pf 34ft
.. Missouri Pacific... 22
, . Me Pacific pf 55
3 Mentana Power.... 67
.. Montgomery Ward 15ft
. . Mulllns Bedy
7 Nat Clk A Suit nf . .
.. Nat Cen A Cablen
. . Nat En & Stamp..
29
85
36ft
89 ft
7
6 National Lead
. . N R cf Mx 1 pf
. . Nat R R of M 2d pf
. . Nev Cen Copper. . .
6 New Yerk Central.
3ft
14ft
81ft
30
55
81
30
55
300 2ft New Yerk Deck....
100
6 New Yerk Deck pt
. New Yerk N H A 11
1200
400
100
100
1000
1500
100
300
500
400
3800
2800
300
6800
18ft
17
22 23
81
13 -
2ft
52
37ft
7ft
75 ft
17 f
27
59ft
36 ft
35
36
2 New Yerk Ont A W 22
4 N Y i Shipbuilding.. 23
7 Norfolk A Western 100ft
3 North Amer ctfs... 58
7 Northern Pacific. . . 81 ft
. Ohie Bedy" A Blewer 13
. Okla Pred A Ref... 2ft
. Orphcum Circuit... 14
2 Owens Bett Mach.
3 Pacific Oil
6 Pari-Amer Petrel...
6 Pan-Amcr B
2 Pennsylvania R R.
. Penn Seaboard Stctl
34
50 ft
58
52
38
500 ..
200 C
200 ..
700 ..
100 6
1700 3
100 2
200 ..
200 ..
400 ..
100 C
400 ..
100 1ft
200 ..
7ft
C Peeples Gas Chicago 75ft
. Peoria A Eastern... 17
. Pere Nannicm?. . . . 27 ft
6 Pere Marquette pf. 59 ft
3 Philadelphia Ce 36ft
2 Phillips Pet 35
, . iycrcc-Arrew Met pf 36
. . Plerce-Arrew Moter 16
. . Pierce Oil 7
C Pitts Ceal 60
, . Pitts A West Va 27 ft
Pend Creek Ceal... 17
Producers- Refiners. 27ft
100
100
300
1100.
100
1003
1100
100
100
4 Pub Service of N J 84
8 Pullman 117ft
, . Punta Alegre Sugar. 40ft
2 Pure Oil 30
8 Pure Oil pf 100ft
41 Rand Mines 20
, . Ray .Cen Copper .... 14ft.
14
74 ft
44ft
59
30 ft
50
5
52 ft
2
29
50
29
43 ft
3
13 ft
68 ft
14
22
84
54 ft
20 ft
52 ft
95 ft
77
115
37
44
102
104
5
5ft
3ft
2ft
10
43 ft
43
31
26ft
19ft
128ft
61
26 ft
36 ft
9
33 ft
41ft
63
17 ft
132
103
67
45
10ft
29
31ft
65 ft
6
4
48ft
61ft
61ft
102
37
94 ft
117
I ten ill nit 74 ft
Reading 1st pf.... 44ft
Remington Typewrit 40
Rjn Typewrit 1st pf 72
Rem Typewslt 2d pf 62
Repleglp Steel 32
Ilepub Iren A Steel 51ft
Republic Metera ... . 5 ft
Royal Dutch N Y. . 52ft
Rutland pf 23
St Leuis San Fran 29
St L San Fran pf. 50
St L S W R R 29
St L Southwest pf. . 43 ft
Santa Cecelia Sugar 3
Savage Arms 13ft
Sears-Roebuck .... 68ft
Seneca Cep Cerp. . . 14
Sinclair On Oil 23 ft
Southern Pacific. . . . 85ft
Se Perte Rice Sugar 54 ft
Southern Rail...'.. 21ft
Southern Rail pf . . 52ft
Standard OH of Cat 95ft
Standard Oil of N J 77 ft
Stand Oil of N J pf 115
Stewart Warner Spd 37
Strembcrg Carb. ... 44
Studebaker 103ft
Studebaker pf 104
5400 . .
300 . .
400 ..
3100 ..
400 ..
700 ..
300 aft
100 ..
300 ..
100 ..
100 ..
200 ..
500 ..
100 ..
200 ..
200 ..
9700 . .
2300 6
100 ..
1600 .,
100 ..
300 4
. 200 E
100 1
800 !
800 ..
17700 7
200 7
13000 ..
100 ..
12500 ..
100 ..
1600 ..
20100 3
1200 2ft
10500 . .
500 I
ift
"
ft
ift
ft
ft
ft
Yi
ft
ft
1
1
Ift
ft
ft
ft
ft
Sub Beat Cerp 7
Superior Oil Cqrp.. 5ft
Sweets Ce -of Amer 4
Temt Cern & F "A" 2ft
Tenn Cep A Chcm. . 1 1
Texas Ce ' 44 ft
Tex Gulf Sulphur... 44ft
Texas A Pacific.... 33
1 Texaa A Pac C A O 26
.. Third Ave 19ft
8 Tidewater Oil 128ft
6 Tobacco Products.. 61
.. T St L A W ctfsB.. 26ft
. . T S L A W pf clf.s U 38
. . Transcen OH 10
4 Transue Wm Steel 33 ft
2 Twin City R T 1ft
6 Union Bag A Paper 63
. . Union Oil 18
10 Union Pacific 133
7 Union Tank Car pf . 103
.. United Drug 67
6 United Retail Stores 45
.. United Rwy Invest. 11
. . Unit Rwy Invest pf 32 ft
.. U S C I P A Fdy.. 32ft
B U S C I P A Fdy pf 66
..US Express 6ft
..US Feed Products .' 4ft
.. U S Ind Alcohol... 49ft
..US Realty A Imp. 61ft
..US Rubber 62 ft
8 U S Rubber 1st pt. 102
..US Smelt A Ref.. 37
0 U S Steel 95ft
,. U S Steel pf 117
2 Utah Copper 64 ft
.. Utah Sec 16ft
., Vanadium Cerp.... 38ft
100
i .100
100
700
700
1500
100
100
100
1400
300
3
ft
V.
H
ft
1
2
1S4
ft
ft
'ft
2ft
3
J4
100
100
200
2800
4200
3600
400
200
700
1900,
500
5300
100
200
7900
300
2400
3.100.,
1Q700
II op,.
loe11
200
400
1200
100
100
1000
"100
200
1Q0
2200
200
200
200
2300
2300
100
,' 4200
1200
300
1900
2500
100
ft
ft
ft
"
ft
ft
ft
1ft
1ft
ft
.ft
64
15
36 ft
35
76
8 ft
7
24
15
12ft
9ft
55 ft
96 ft
85
57 ft
8ft
16
41
10ft
ft
13
5
29
41
31ft
47 ft
66 ft
ft
ft
ft
ft
ft
ft
ft
I
1
ft
a
i
ft
ft
ft
i
ift
ft
ft
ft
. Va-Car Chemical... 36
,-Va-Car Chemical pf 76
. Vlvadeu Inc 8ft
. Wabash 7ft
, Wabash pf A 24
. Wabash pf B 15
1 Weber A Hollbrener 12ft
. Western Maryland. 10ft
6 Webtern Pacific pf.. 55ft
7 Western Union Tel 96ft
4 WCfatiiiKlieusu Air.. 85
4 Wcstlngh E A M.. 58ft
. Wheeling ALE.... 8ft
. Wheeling A L E pt 17ft
4 Whlte Moter 41
Whlte Oil Cerp....
10
ft
13
6
31ft
41ft
33 ft
49
66 ft
. Whltii Oil rts . .'. .
, , Wick Spenc, St Cerp
. Willys-Overland ...
, . Willys-Overland pf
. Wilsen A e
. Wisconsin Central..
4 WorthiiiKten Pump..
G Werth Pump pf B..
Kx-dlvldend.
B. 23c
direct
light yerkera. S10.75OU;
BHfanP AND LAMJ1B
hegd. Higher. Tep hecp,
U. S. Certificate! and Treasury Notes
Maturing
, Id
,100
.100 1.10
ion. la.sa
.100S
1UU7.
ieu
ll'i.
,.,IOOK
loes
.injii
.lOllC
. llHUl
4j
Kxempt from Federal normal
TAccepiaum ter payment
due en date of maturity.
Pja,, March. 13 CATTLE-.
head. HUady. , Bteera. IH.29
Date
April, 1022.,
June, lllj!2.
June, 1U22.,
Aug,, lli'j'j .
Hept., 11122.
Sept., llii'2.
Dec, 1U22.
June, 1024
Sept., 1024.
Men., lllLW
Mrh., 1020.
BANK CLEARINGS
icti.ev; ew laue,
Bftnk clearing today. cempred wth oer-
llftO ha.
. ilLKi
T7 ". ey.
rwiiuiiuiHB uvrlMI iW" iZSimi
iit. m UU. Xower. Km
pull... iiiniiiTnmi Hi Mill
m
",mw'ifW3'mwf ,.yi Mown t. oe.v
htvStf..er,,ArgfSt.rl-tJSj
V a,ev
r. ' ' a MH..MBMmmmA
aww. t vv.vtv.vw
Net
BKi
HHjJOR w
Liberal Profit-Taking In P. R
T U. O. I. and Union s
Traction
-
a
f
ft
ift
ft
v
'v
PenniryivMita Railroad was the out
landing feature of strength of the local
market and established a new high lrlce
for the rear at S8MC representing a net
H
T
ft
1ft
y
advance of nearly SO a share
low price reached when the divide"
was reduced te n 4 per cent per "
basis. The buying was of an "mp"..
character and indicated growing ; conn cenn
denee of the small Invester toward me
13
5
PrOn'the ether hand, the nUlltjr group
rnn Inte a heavy P'eflt-,nk,ng(.0,Ti
ment. This realizing prw'w carMed
I. R. T. down a U from $.27, te -,
although later half of the less was re
trieved. The latter sent te the stock,
holders by the se-called five Insurgent
directors opposing the "" "l"""?0,"
ment In which they point out the in
advisability of paying n dividend thin
year may have been partly responsible.
( ,,. fc,.iv of the celling apparently
y
ft
'y
'y
'It
ft
..... ...... it.i.. xnuMnir in of paper
profits, as the stock : nt the htehcr price
u
ft
i
y
'y
114
is UP 10 point irem uic tuv . -
announcement of Mr. Mitten's Proposed
profit sharing bonus or the' men after
0 per cent dividend had been paid en
Stmilnr realising was cyldenHn Union
Traction, which shaded te .38 ami in
TJ. O. I. which fell bnck te, 44K. Con
cerning the indictment of the company
under the Sherman Anti-Trujt Act by
the Federal Grand Jury in Pcw lerk.
In connection with incandescent street
light, Samuel T. Ilednc, the president,
in a statement, wild: "The United
s-.. T......nMt. rAinnftnv mnnv vcarn
- y
age, In connection with the purchase of
certain gas properties, ncquircu mi -forest
In certain companies engaged in
furnishing inenndescent htrcct lighting
in the United States. This was n very
small Item in the Investments of the
U. G. I. Company, and outside the reg
..i ..i..iiIac nt elm remnnnv.
Tn mi it sold its entire holdings
.1.. .i.ia nf tliese cemnanics and
since thnt time it has net directly nor
indirectly been interested in jii "-
. i...J.imn terror HelltinZ.
The trading In the general list was of
n broadening tendency nnd the tone
decidedly strong.' Besides, prices
worked higher, which was mere notice
able anions many of the inactive stocks.
American Stores, en fairly active trad
inir. scored nn ndvancc of 1 points
i
ft
ft
ft
.,.i i. first nreferred . nn smaller dent-
16
7
60
27ft-
17-
27ft
'84
117ft .
40ft
30
100ft -
20 -
14
74ft
44 ft
40ft
-72
62
31
51ft
5ft
52 ft-
23 -
29
50 -
29"
43 ft
3-t-13ft-68ft
14
54 ft
20ft 52 ft
9574
77ft
115 -37
44
6
5ft
4
2ft f
10ft
ings. moved un point The share-
ft
ft
ft
ft
llOKierS On UCCinvBuaj, uui - ;
meeting, will vote upon the proposed
conversion plan, which is almost cer
tain te be ratified. There was also, a
broader mnrket for the Philadelphia
Klectric shares. The common touched
oil. nn.1 Ihn ureferred ruled firm at
Vt
ft
28." American Railways, en moderate
dealings, advanced 1 points from the
.Miilniii an In ti T8 .
ft
ift
ft
ft
ft
3
4
5
1
ft
IK
ft
Went Jersey and Seashore was feund
scarce and row Vj points from the last
sale te 32. There has been quiet but
tcndy accumulation of the stock for
some time past, which would suggest an
early resumption of dividends. The in
terests who have been absorbing the
stock evidently arc nlet doing it for the
fun of it. Odd let purchases of ANost ANest ANost
inercland Cenl carried it up a V- te
08VG. Lake Superior remained firm nt
ft
0, as did Lehigh Navigation at, i-w.
Philadelphia Stocks
1:1S Net
P. M. chie.
00 1
11M
High Lew
320 Am Stores 1)0 lis
28 delRtpf,.12C lUtt
20 Am Mlll'g r.i r.j
370 Am llwys. 7i 0
1fWIm Htni'lt Til HI
r.j
7
ru
lOfAm T&T.llilVi l'-'SVi 123V41V1
20tCub O Su. 14 U U
!
ft
'
1ft
1ft
ft
'A
25 Ocn ARnh
01
73
20
0
72
00
37
71
30
37-Yi
24 'A
27
27
20
20
Ui
38
44
51
41
31
08
01 4-
73 1
20 ..
0 ..
OOtOulf S Stl
200 Kcnn Cen.
230 Lake Sup.
15 I jeli Nnv..
42I.ch Val..
824 1'cnnaUH
7.'1
211
1)
Wl'Xi
38 V(,
72
00
1
38 4-
71
135 Penna Salt 72
40 Phila Ce.. 30
123 de cum t 38Vi
81)5 Phila Klcc 24
100 de prcf.. 28
22 de wnrfp 27
3371 Phila It T 27
SOtStL&SF. 20
1(H) Tone Miu. lift
200 UnienTrnc 30
000 U U I.... 4514
122 de pref.. 01
OOfWhite Mtr 41
100 W Jcr & S 32
G Went Cenl 08
30--
38V4
21
27..
27
20- M
20
38 k
4 IK
01..
41
32 1
08
44
- 1
44
a
pniKNEW
32 -r
26-
. 19ft .
128ft-
61
26ft f
37
. 10
33 ft
4lft 63
i
H'
"J4
I
Vi
VA
'A
VA
A
'h
V
V
hi
i
17ft
133
103
67 45
lift .
3
32 f
66
49
61ft
62
102
37 f
94-
117 -64
-16
37
36
76
8J4
7
24
15-
12ft
10
55 ft
96ft
85
58 ft
8ft-16-41
-10ft
ft
13f
5
30
48ft T
66ft
4Net change matin by comparlnen lth last
ale en New Yerk Stock Exchange.
rillUVDKIJ'IUX BONUS
SOOIjiherty ltt 3s 47..
100 Liberty Jbt 4Vn '47..
2000 Liberty 2d 4is '42..
1100 Liberty 2il 4US '42..
00.74
07.30
07.30
07.40
8000 Liberty 2d 4V,s '42..
1100 Liberty 2d 4Us '42..
2450 Liberty 3d 4 Vis '28..
1000 Liberty 4tli 4V4 '38. .
1250 Liberty 4th 04k 3S..
5300 Victory 4n '23
... 07.00
... 07.38
... 08.00
... 07.00
... 07.02
...100.74
lets 10S
'A
H
'A
'A
H
!4
Je
r
Ji
Ji
i
VA
3000 Bell Telephone 7h.
1000 lceiile'H rneiiirur -Ik... OS
10000 People's IWcnger -Is... (ISU,
0000 Phila Kleitrlc Ut ,"s H4".
3000Ihlla Ulectrlc Os 1015
FOREIGN EXCHANGE
New Yerk, Mnrch 13. The unset
tllng newH from the Hand nnd thu In
dian troubled, together with the gen
erjl uncertainties In politics ubrnnil.
were reflected In n hrenk In the foreign
exchanges nt the opening in smpnth
wlthjn less of 2h tents in sterling
from Bnturdny's tinal. Francs Miewecl
a less of 8 pelutHj HelgliuiK, 10; lire,
8Vi; peseta -nnd Kwies, ff. Murks
were clown Hi points.
In mid .afternoon the mnrket showed
H
'A
' 'A
H
' H
'A
'A
A
a
ji
, i
r,
.
IK
n. rallying teniiency, nnd irem tlie low
est figures sterling iceeveml , (runes
4 points, lire .'1 points nnd the ether ex
changes proportionately. Murks were
nominal nt 38, tlie lowest figure of the
day. Sterling cnhles weie 432, de
mnnd 4.!U; fiiine cnblc, S,s:i, cheeks
8.S2; licljliin c-alfleH 8.23, cheeks 8.21;
lire cables 4.1H, cheeks 4.1H)'. ; peseta
cables 15.52, checks 15.50; mn'iks .38.
In sympathy with the break in
sterling, Canadian exchange was
lower today, the premium en New Yerlc
in .uentrciii rising te -i per cent. The
discount en Canadian funds in Xt.tt
Yerk was increased te 3 11-10 per cent
effeml. '
Central Kurepean exchanges wen.
pig., ijo.be
Receipt., 1300
10; top lamb..
A.ked Tleld
11X11.32 8.3e
100 8-32 S.53
I'innlsh,
loeM B.B5
1IIU ''
00 23.33 R.lil
BATURDAV'8 CI.OSI.Na QUOTATIONS
. KJTi1!1 Aran's Mre (lul'lderii
Demand ....4 83, S.11H4 B nf U At iS
Cuble. . . . 4.33. H.V2 e.OS a777
TODAY'S OfF.NlNCJ QUOTATIONS
s!eJ."P Frnnr. I,re ciullli.r
le n,7e
100 3 HO
10014 s.si
102 4.40
102
inaii!
lOO'J
4.43
. .1
1.01 4.40
Income tax,
Cable 4,33ij Ba4fl lijt $$
MONEY-LENDING RATE8
NKW YORK Meney en call. Leth rin...
M collateral, opened tedij St 4 pSr it ?5?
lending and renewlng. "' "nl '"
or Income tax
11
a Der ajMitt ciMtrfl
PPr, throe'tc Taix
Mf. j ,v
wtuk urvi'K vxciiiinge iiecllucil te 4.00
Polish murks were .0240; Austrian'
.0135; Hungurian, 13; Hulgurian',
.70; Huninniun, .74'i : Serbian, 1.41
UAi'vuu-eiuvuniuii, 1,10 ;
2.04.
, I. gvajuwuratU-caii.
..,tT.'.m'Lea.TiflcnS.7,fin
, S ' ' &
RMdjtMtnwnt of Dfct and CapftaHntfeii f
THE BEAVER BOARD COMPANIES
rdTwlvtYi Sinking Fn& Geii Ne..
of THE BEAVER BOARD COMPANIES .
' i
Te the Helier of i bj i ' j e. 'l
" First and Second Preferred Stock
. of The beaver beard companies .-
Te the Ueliert of
Common Stock
of THE BEAVER BOARD COMPANIES
rvnuv
undersigned Committees, represenungr,, respectiyy,
I Twelve-Year Sinking Fund Geld Notes, First Preferred and Sec'.
j t j ai..i.. nA fnmmhn HteeK ei me uenvcr ueard com.
. panies, have approved a certafc Plan and fAJ te B4;
SSd JanX 16? Sand" are '.t5ra
Plan and A?eernent can be obtained from any e the fiepeslUrie.
named below, or from the Secretary of the Committees.
A majority of Notes, First and Second Preferred and Common
Stock has already been deposited, but the Plan, will net be declared
operative unless substantially the entire outstanding amount thereof
18 PXPunddeerslJnteeddhave deposited all Notes, First and Second Pre
f erred and Common Stock owned or eontrelled by them, and ether
Notehelders and Stockholders are urged promptly te deposit their
Notes and Stdck with any of the Depositaries named below. Nego
tiable certificates of deposit will be Issued by the Depositaries.
The time within which deposits will be received expires March
15, 1922, after which date deposits will be received only upon such
terms as the Reorganlratlen Managers and Committees may
determine
POVAI.D D, DAVW. ertrT
Ubertr IndnttrUl Corporation. 10 Brestwar. hew Yetk Cltr
Xnlfhnldgm' Committee
AUTnTTR O. tlEANTR NATHAN 8. JONAH" AT.VIN f. Kit
'"' SSS&& "'nm r&WW&T&tr &r8
jestaii macv. ffivJ2i!i?'Sr
Humbltten A C. VmrrrZl$iXL C'
New Yen, ana Baltimore . ,IJ
Fint and Second Preferred Stockholder? Committee
WAKRKVmf.VI.KX C. K. PIRTKIX OBO!R OOIS
Brfoie. N V. Botate. N. V. Ckteare. III.
liaioie, . WIU.IAM B. HHICABl
Buffalo. N. V.
Cnmmnn Stockholder? Committee
PAtll, H. DAVIS
rMMn. 111.
I. F. HAIHIBKTX- ""
Buffalo, N. Y. Baffal. N. Y.
HARRY DWinnT RMITIl
sCltrrUnd, Ohie
nEPOSITAMKSt-Oiitrel Trout Ceaipanr of Illlnel. Chlfj,e. nl. Mytne Trnrt
"oiTpenr. Buffalo, New Yerk. CltloeneTrort Compew. Htle. New Yerk. CfBtoel
Union Truntjcoiiipewr of New Yerk, 80 Broadway, New Yerk Cltr.
"PHILADELPHIA DISTftlCT"
HIGH-GRADE LONG-LIFE MUNICIPALS
EXEJHPT FROM FEDERAL AND
STATE TAXATION
$2M,wM
Haverford Township Sch. 414s
.
, Datfd February 1, 1922. Due jTebrUtir 1, 19S3
Price 102.50 A Int. Returning Owr 4.10
r j:,
$159,100
Radner Township Sch. 4'2S
Dated April 1. 1022 -
Due 130.000 April 1, 1032-10ST, 1012, 1041 ft 1052
Prices te Return 4V4
U50,
Upper Darby Township Imp.
Dated March 1. 1022. Due March 1, 1032
Price 105.25 Int. Returning About 4.20
M. M. FREEMAN & CO.
421 Chestnut St. PhllatftlBhla
T el t pi one Lembard 0710-0711-0712
ff
SXsz
Assistance in preparing
Income Tax Returns
Yeu are cordially invited te ceftsult the
representative 'of the Internal Revenue
Bureau assigned te this Bank ler as
sistance in preparing and filing Income
Tax Returns.
He is stationed at our Main Office, 15th
Street below Market Street.
We have had prepared a concise booklet
covering the rulings of the Now'Inceme
Tax law which we will gladly man
upon request.
fiogeurcoa our $14,000,000
Franklin Trust Ce.
Main Office: Fifteenth Street below Market
Delaware Ave. & Market St. Fifty-tecend it Market SU.
. Germantown Ave. above Chelten Ave.
y
"The nitit.lien That Can Philadelphia Da end Night Service"
Safe Bend&for Investment
Halsey, Stuart
& Ce. Inc. '
UadTUUBId. TijjiieMjwaM74ll
6NQINBMS
StOckwell ' CEXTIFIED HMJC
W.Iia.1 L ACCOVKTAm
Liiivill Ti,ruk
,wit wipa v
" - - JtJgeiaa piejpfjfjfMfap gaatoiivaej
SS3S
t
'1
.)T
'j
vl
iHnt
1U
WILLIAM THOMPSON
Ballet. N. Y.
4's
1
Hathaway. Stene. Wail
ft Williams,
MAKAOaU
imLumSt..nilsdttp
wnvtmitn
Optratina Management e!
In4ril RntarnrUel
Industrial and Technical lav
a$MHMtMKem..
SfBi
Lijili,