!ifl'ft-
,5 , ' "
1 $89,000
SVrEMM ft IfllTH
lttN0ftTME4s
MAY 1, ttlt
7.M.00 OUTtTANBIN
te
1VJ
SWj
riNST URN ON TIHMINAL
COSTINd OMIdlNAlLV OVtR
' s.eeo.eoo and en taa.as or
MAIN LINK MlkBACK
m
UNOBftkYINS WISCONSIN
CENTRAL Uf ANO RgrUNOtN
4S OUK !
it ,
14
PHICI, 7K A IMTCftUT
TO NIT ABOUT 40
REIUY.RROCKACO.
BANKgRS
IN CHMTNUT ST.
PHILADELPHIA
Itf.e
p
-u
ARGENTINE
Recissien 4s, A. O.
5s, 1909
BRAZILIAN GOV'T
Sterling Issues
4s, 1889-1910
4 Vis, 18831888
5s, 1895-1903-1908-1913
Railway Resc. 4s, 1900
NORWAY 3s,32s& 4s
4UENOS AIRES
iy2t & s
GRAND TRUNK
PACIFIC
3s ft 4s of 1962
4s, 1955
Branch Line 4s, 1939
Canada Atlantic 4s, 1955
CASSEL, llUNES & CO.
MtmUri jr. Y. Stock Kxehengs
C9 Oreatfway New Yerk
Telephone Bowling Green MI
WE advocate the pur
chase of bends se
cured by lien e'n proper
ties of subsidiaries of
the American Tele
phone & Telegraph Ce.,
and recommend new
Chesapeake & Potomac
Telephone Ce. of Tir
ginia 1st Mortgage 5s,
due 1943, which at pres
ent prices' yield about
5.60.
Inquiry it invited en any
current investment subject.
HARPER-&TURNER
Investment Bankers
Uemltra PMiedilpMi Stock Msehanme
Stock Exchange Building
Beranler. Phflfllfelphfa ""dins
R
ra.
k.
t,
"A
f
"
A
1
fc
.Jf
United States
Government
Securities
.
SKCCRITIES DETARTMCKT
COMMERCIAL
TRUST COMPANY
Member Federal leetrr Urtifm
City HaU Square Watt
City of PhiU.
Due October 26, 1936
Tax Free in Pennsylvania
Free of All laceme Taxes
Legal Investment for Trustees
Coupon and Regutered
Bends Interchangeable
Price: 110.80 and Interest
Te Net 4.25
K
ft.
Biddle & Henry
104 Seuth Fifth Street
r-hlladelphia.
aJ3)
A'
JVsTt
Hariiiien, Smith & Ce.
iNVESTMINT SECURITIES
W MUTH STH STREET
' aMJii inn BUia
sslaMci aiaa
llT.TJV '" '"
tJ"Y
wMMmmmm
Tmmmimmmmmmmmm-
IfflKEIfffM
l
CROSS CURRENTS
Dealings Fell Off, but Embraced
an Unusual Variety
of Stocks
New Yerk, March 21. There war a
pcrcrntnble slsekenlnr In vlrttisllr alt
of the tnnrkcts today, and In the stock
market there was evidence of Increas
ing cress currents. The dealings, how
ever, embrnced an unusual variety of.
-tocks. Including the low-priced Issues,
but the price movement was very lr-
, regular and rather Inclined te be rcac-
. tlenary.
I While th.e peel Interests are appar
cntly -able te, de nnythlng they want,
ns evl.lcnced in the turtfier jacking up
of a few (-elected pccialties, the gen
eral list plainly showed the effects of
the tremendous realising wiles of the
Immediately preceding sessions. This ac
counted for the tlml appearance the
market were for the greater part of the
I forenoon. A further Indication was te
be found in the volume of business
I which fell materially below recent aver-
i nges.
The receivership proceedings of one
of the oil companies announced after
the closing yesterday were sentimentally
eftt by the excellent statements, of
llethlehtm Steel and Public Service
Corporation. The Bethlehem Steel
.snowing was regarded amatingiy geed
when conditions prevailing In the steel
trade are considered. Bethlehem "H"
was among the few of the old line fa
vorites te show any degree of vitality,
making a new high fee the year. The
ether independent steels were Inclined
te give ground.
The rail movement, se conspicuous
yesterday, was sidetracked, and specu
lative Interest run mere strongly te such
racecnlted Donl issues as American Ice.
'Studebaker, Endleott-Jehnson. Ameri
can Linseed and American Hiae ana
Leather. Oils were dull within nar
row limits.
Commodity Markets
GRAIN MARKET
Chicago, March 21. Wheat btartcd
Mc ' te c lower for May and c
te c oft for July. Buying- power at
the outset was very light and the mar
ket eased because of lack of support.
On the break .there were buying orders,
which took the surplus out of the pit.
The volume of business was small.
Cern started 'Ac te c lower for
May and He te 4c off for July. Trade
was slew, with resting orders taking
the offerings en the decline.
Oats started unchanged, then weak
ened a little en selling by brokers.
Trade was kIew.
Previsions did net set started until
some time uftcr the opening bell. In
terest In the trade was limited.
Wheat Yest. clot. Open 11 A. M.
May i.J'
.3S 1.38 1.S7U 1.3AH
,20!i 1.20 l.iiOK 1.11)6
1.12 l.lltf
July 1
Beptember
Cern
May
Juir .....
September
Juir
ei'i
4K
eon
e.m
05 V
38
40
1.054
11.03
!
8SH
LOOK
uye .
Mar ..
Mar 11. IB
COTTON MARKET
New Yerk. March 21. The cotton
market opened steady at 1 point ad
vance. Liverpool cables were a shade
better than had been due and Eng
lish houses and the domestic trade were
moderate buyers. Improved weather
ever the belt, as a whole, however, led
te Increased Southern selling and the
list later turned easier, selling off about
10 points and then becoming quiet. No Ne
tlces totaling twenty-four were in cir
culation at the opening.
Receipts at the ports for the day
are estimated at 22,000 bales, against
29,487 bales en the corresponding day
a week age. 13,102 bales a year age
and 15,643 hale two years age.
Yeat. cteaa Optn 1 r.M.
March IS.07 18.11 lft.eg
Mar W.22 2-J .M
July 17.3S 1T.2S 1T.83
Octebar 1A.S5 llt.SA 18.1)1
December 16.72 19.70978....
I4vrpl. March 21. Tbare wa enlr a
fair demand for ipei cotton today, with
prlcta Irregular en th baala of an advance
of 2 paints (or mtddllnc At 10.77d. The
alas wars 7000 baits. Reealptf. mM.
Futures war dull In tha early deallnsi.
Spot prlaet war: American, mlddllnc (air,
ltTtTd; seed mlddrns. 11. Sid: fulU- mid
duns'. 107d! mlddllns. 10.77d: low mid
dllns. S.STd; soed ordinary, S.OJd. and or
dinary. S.B2d.
SpraeeSSOO
NEW YORK COFFEE MARKET
New Yerk. March 21. The local ret-
fee futures market opened 2 te 0 points
higher this morning en covering pro
moted by the improved showing In the
Brasil markets. There was a scattering
demand from the trade and New Or
leans houses.
Teat, cloea Oeen
Mar .OS004 ea.er
July ea e.OROOt
.-Utember It.flSCOS 0.04 OS
Dtcmbar 0.U5 D.07O0I
Bid.
DIVIDENDS DECLARED
Akren Standard Meld Company, quarterly
1 per cent en common.
uea
A Manufacturlru Cemvinv. euarterlv
l
per wit en preferred, payable April 1.
ew Tarn Tranapertat en toraeinr. umr.
terly BO cents, paynble April 15, t record
April 1.
Barnet leather Company, 'tjuarterly 14
pt cant en preferred, payable April 1 te
inrk of record March 30,
IlrttUlfAtnrrlcas Oil Company, quarterly
.10 cents In American funds. iayable Apr'l I.
te stock of record March 2H, and te heldera
of shares warrant en (lllvry of aerial cou
pon Ne. 1. te Buffalo Trust Company.
United Verde Extension Mlnlntr Company,
quarterly SB cnta. payabl May 1 te ateck
of record April 8.
Mplselna Mines Cemparr, Ltd., quarterly
3 per cant, payatfe April 20. te stock of
record March SI.
uuraeye npe une uempiny quarterly .'
lv 12.
payable June IB te stock of record April 21.
yaeie June in te siuck u
Western Klectrlc Cemnan
Tipany. quarterly I.te
March 31 te stock of
en common, payable
record March 24.
Younsstewn Sheet and Tube Cnnrpany,
luarterly SOc en common and II. "fl pre
ferreri. ieth payable April 1 te. stuck uf
record March 20.
Kentucky Securities Corporation, nuartarly
nf m p.r cer.t e-i pteferred, payable April
IS ai reulntered March 31.
LONDON STOCK MARKET
List 8table, but Net Active Indus
trials Listless Heme Ralls Pause
Londen, Slurch 21. Htsblllty wns
neti'd ' generally In securities nn the
iteck excliiuiie" today, but trailing was
net brisk. The feeling In Mexicans was
cheerful, following the circulation of re
ports of the impending recognition of
the Obregon Government by the United
States. Repurchasing brought about a
steadier feellns- in the oil group. Royal
Dutch was 35, Shell Transport and
Trading 4 und Mexican Eagle
3 i:t-ll(.
Gilt-edged Investment Issues were ir
regular, hut firmer In the main, French
leans were dull. In sympathy with" 1'eri.s.
Operations in Industrials were llHtlr-XB
and confined te professionals, Hudsen's
Hay was 0. KufUrs were featureler-H
mid well maintained. The rubber depart
ment wns inactive around the previous
day's quotations.
Heme rails paused, after displaying
strength. Dellar descriptions were dull
und unrhunged. Favorable earnings
caused strength in Argentine rails.
Londen Metal Market
IOnden, March SI. Standard copper spot,
IBM 0. fuluies. (110 2 lid. KI-ctrelytlc
pet, IBS 12a: futUies, (07 IBs. Tin spot,
(143 7s fld; futures', (144 10s. Lead spot.
131 IBs; future, (21 !. Zlne spot. 123
list futures, tii 17s fld. i
MUWn
-
NfcW YORK
. . teiv.
lalea In $
1:110
P.M.
STOCK MlSh
Lew
54
16ft
4
63 ft
X
93 ft
43 ft
59 ft
45 H
133ft
119
9 ft
30
26
6
15ft
704
112
81
43 H
104
33 H
57 ft
1084
88ft
,7ft
14ft
32 H
97 ft
334
72 H
98 ft
33
56
121ft
137
134
11H
294
87 H
15
39 ft
31 H
45
2
54
97 ft
86 ft
2ft
91ft
4
I9H
.29 H
21 ft
25 ft
107
1084
38 ft
1
63 ft
91ft
67 ft
6ft
144
' 14ft
93
62 ft
50 ft
128ft
40 ft
99 ft
91 H
6ft
:'54
31ft
12H
51ft
6ft
60 ft
136
15
76
37
72 ft
35ft
73
62
5ft
12
24 ft
44
8ft
194
23 ft
37 ft
70 ft
66
41ft
79ft
17H
28 ft
64
57 ft
45 ft
30 ft
47 H
'824
3ft
15
68ft
1
107
13ft
624
104ft
35 K
57
85
24 ft
17
38 ft
57 ft
118
108
26 ft
705
147
83 ft
109
11
17 ft
UK
79 ft
93 ft
107K
,96
17
18ft
- ft
59ft
101
136ft
10ft
75ft
.86
39ft
86
17
74 ft
36 ft
12ft
25 ft
'724
I 2ft
75 M
,15H
64
101ft
34
top
4700
200
MOO
200
300
100
500
400
200
600
200
100
200
10
300
200
1100
300
2500
100
300
900'
6100
1000
2200
tee
2700
1000
900
900
800
600
100
400
100
3000
200
100
100
100
900
100
100
4200
300
100
100
1500
1500
2300
100
200
200
200
100
1100
10600
100
1200
1000
300
200
11800
300
11100
4600
200
100
600
1400
700
100
100
200
100
100
600.
1000
1600
100
300
500
'100
200
400
300
3500
1000
2003
100
3100
1800
500
200
500
1400
1400
300
3200
100
600
300
700
900
7900
1500
300
1600
2400
100
800
600
3000
3700
500
4 Air TUdUetlsn 54
54
.. Ajsx Rubber , 17K
.. AlaskA oeld Mines. . H
4 Allied Chem A Djfe. 63 H
7 Allied Chem A D pfl074
4 Allls-Chatmera .... 46 H'
T Allls-Chalmers pf.. 93J4
.. Am Beet Sugar 44
.. Am Besch Magnate. 44 Vi
4 Am B Shee Mr new SO
. . Am Can 46 9l
12 Am Car A FM....1B4
1 Am Car A Fdy pf..11t
. . Am Chtct 9K
.. Am Chicle pf'.e 30
.. Am Cotten Oil 26H
.. Am Drug Syn 6
.. Am Hide Leather. 16
. . Am Hide A Leath pf 71
7 Am Ice ........... 114
t Am Ice pf 61
.. Am Internat Cerp. 43 J4
1 Am-Le. Prance Eng. 1 1
.. Am Llnpeed 33 H
. . Am Linseed pf 39
6 Am Loeomdtlve.... 1094
4 Am Radiator.,.. ee 89yi
.. Am Safety Rasor-. ?rs
.. Am Ship A Cem.... 14ya
.. Am Smelt 93
7 Am Smelt pf 98y
3 Am Steel Foundries 34
.. Am Sugar Ret 73 U
7 Am Sugar Rf pf.. 98 U
.. Am Sumatra ..... 3316
5 Am Tel A Cable.... 56
9 Am Tel A Tel 122)4
12 Am Tobacco 137 &
12 Am Tobacco B....134
.. Am Waterworks... 11M
.. AmWatrwks 8 pf 294
7 Am Woolen 88
.. Am Zinc Ld & Smlt 15
.. Am Zinc Ld A 8 pf 39 ft
.. Anaconda Copper.. 52
..Ann Arber pf f5H
.. Assets Realisatien.. '2
4 Asse Dry Goods. ... 54
6 Atch Tep A San Fe 97ft
6 Atch Tep A S V pf 87
.. Atlan Blr A Atlantic 2ft
7 Atlantic Coast Line 91 ft
.. Atlantic Fruit 4
.. AtlM Tack Cerp... 20
.. Atl Oulf A'W I S S 294
. . At O A W I S 8 pf 21 H
.. Austin Nicholas.... 26H.
7 Baldwin Locomotive 108M
6 Baldwin Loce pf... 108 H
.. Baltimore A Ohie.. 38ft
.. Batepllas Mining... 1
6 Bethlehem Steel.... 64
7 Beth Steel 7 pf.. 91 Vi
6 Beth Steel B 68 H
'. . Beeth Fisheries.... 6K
.. Bklyn Rapid Transit 1614
.. BklnRTctfsef dp 13ft
. . Brklyn Union Oas. . 93
7 Brit Em 8teel 1st pf . 6214
. . Brown Shee 50!
8 Burns Bres A 1291
2 Burns Bres B 41
7 Burns Bres pf 99'4
7 Bush Ter Blilg-pf . . 91 H
. . Butte Copper A Zlne 6H
.. Butte A Sup Cep... 254
.. Buttcrlck Ce 31 V
.. Cndde Ccn O & R.. 12Ht
.. California Petrel... 51 H
"W
63ft ..
1074 ft
46ft- ft
93 ft ..
a: ft
60 1
43H- 1ft
153ft- ft
119
9H-r ft
30
26
6
16 ft
71
112 4 ft
81
43K4- ft
11'
344 1W
88 ft
109ft ft
8ft ft
74 ft
14ft- ft
33
98.H ft
34 ft
72 H ..
98ft ..
33ft 4
B6
121ft- 4
137ft H
134 ft
1IH- ft
29k 1
88 ft
15 - 1
39ft H
81 H- ft
454 ft
2
54 - 2ft
97H ft
87 ft
2ft- ft
91ft 1ft
4
20 - ft
204 ..
21& H
26 - ft
1084
1084-
38ft
1
64
9tft
68
6ft-15ft-14ft-93
-
62ft
50ft
1284-
40ft -
99ft
91 Hi-
6ft-
234
31ft
12H-
514
6ft-
60ft
136 -
.. Cullaban Zinc ft LU '
2 Calumet & Arlzenu.
6014
10 Canadian rucltic,
,136ft
.. Carsen Hill Mining.
7 Case J I 1st pf....
. . Central Leather . . .
.. Central Leather pf.
. . Csrro.de-Pasce
15
76
37
72 ',4
35 ft
74 .
15 -
76
37 -
72ft-
35ft -J-73ft
62
6ft
12
ft-
84
194
23 ft
67
41ft
79ft
ft
644
38
46ft
024-
3ft
15 68ft-
lft
108 -13ft
63 -f-104ft
36ft
57 ft
83 ft
25 ft
58
118
108ft
26 ft
705
6 Chandler; Meters
Chesapeake A Ohie 62 U
Chicago & Alten.. 6ft
.. Chicago & Alten pf 12
. . Chi A E III (new).. 25ft
,. Chi ft E 111 (new) pf 44ft
. . Chicago & Gt West. 8H
.. Chi A Gr West pf.. 19 J
.. Chi Mil ft St P.... 23H
. . Chi Mil ft St P Pf . . 38
6 Chi A Northwestern 71ft
4 Chicago Pneu Teel 67
. . Chi R I ft Pac 41ft
6 Chi R I A Pac 6 pf 79ft
. . Chile Copper w
.. Chine Copper 28H
.. Clev Cln Chi A S L 64H
. . Cluett-Peabody .... 58ft
4 Coca-Cela 47
. . Cole Fuel & Iren.. 31ft
3 Colerado ft Southern 47 H
6 Celurri Gas ft Elec. . 83 ft
.. Celum Graphophene 3ft
.. Cel Graphophene pf 15
4 Cemput Tab Rse.. 69 H
. . Conael Dl Ins 1ft
7 Consolidated Qaa..109
. . Consel Textiles.... 13H
rAnln.n)el Can. . . . 63
500
4 Cem Products Ref. 104 H
5200 2ft Ceedsn A Ce.
JD?l
4000
300
3000
2400
600
1300
100
500
200
Crucible Steel 57 ft
7 Crucible Steel pf... 83ft
. . Cuban Am 8ugar. . . 25 ft
.. Cuban Cane Sugar. 17ft
.. Cuban Cane Sug pf 38 H
.. Davisen Chemical.. 58
3 Delaware A Hudsen118
8 Detroit Edisen ....108ft
1 Deme Mines 26
10
te Eastman KeauK. . . ua
700 12 Elee Storage Bat. .147ft
3600 6 Endleott-Jqhneen .. 84 ft
147
84
109
11
100
1900
600
300
4400
200
300
200
1500
1900
400
2500
200
100
310
100
100
600
100
100
500
1600
100
200
1700
600
400
2000
300
500
1500
1300
3200
i TCndlentt-Johnsen of 109
.. Erie "I
.. Erie 1st pf 7H
.. Erie 2d pf 11H
g Famous Players L. . 80 ft
g Famous Players pf. 93 ft
10 Fisher Bedy 108
t Fisher Bedy of O pf 96
.. Klsk Rubber 17ft
.. Freeport Texas.... 18ft
. . Oaaten Wms A Wig
.. Oeneral Asphalt... 61
7 Oensral Cigar deb pf 101
8 General Electric. ... 156 ft
.. General Meters.... 10ft
Oen Meters deb 6 73 ft
7 Oen Meters deb 7 86
.. Goedrich B F 39K
7 Goedrich B F pf... 86
.. Gray Davis 17
7 Great Northern pf. 74 H
4 Oreat North Ore ctfa 37
.. Guantansme Sugar. 12ft
.. Gulf teb A Ner pf 23ft
.. Gulf State Steel.... 74ft
17
HH
80 -94
107ft
98
17ft
18H
ft
60ft
101
156ft
10ft
75ft
86 -r
39ft-
86
17 -
74ft-
36ft-
12ft-
25ft
724-
2ft
75ft
15 ft
64
102 34
,41
3ft-
6ft
35 -
.. Hablrshaw El cable 2ft
Housten Oil.
75 ft
. Hupp Motorcar..
. Hydraulie Steel..
n Illinois Central..
. indlahema Itef. ..
, 15ft
, 7
102
3
, . Inspiration Cen cop 4in
. Interb con Cerp. ... 3ft
, . Interb Cen Cerp pf 9K
404
3ft
Bft
35
26 ft
16
71
32ft
76
65 ft
13
71
45 ft
62
'17ft
7ft
29
Ji
19
38 n
25 ft
56ft
5
45
95
29ft
1000
1500 2ft .Int Cement... 36ft
1200 2 Inter Comb l.ng.... 26,
1000
. int wer anne u
int Mer Marine pf.. 71
. internat Motertruck 35
7 intMotertrcklstpf 77 ft
7 -Int Motertrck 2d pf 69
. International Nickel 15ft
6 Internat Nickel pf. 71
. International Paper 47 ft
6 Inter Paper pf stpU 64
400
3000
1300
600
2600
100
23J0
700
2030
100
500
15200
100
200
700
200
800
1800
100
3400
71
34ft 2J4
77ft 2ft
694
.15ft- ft
47ft '24
63 14
Invincible oil wrp ion
IB -
7ft
29
1ft
19 -39ft
25 94
56ft
45ft
95
30 ft
Iowa Central 7ft
. . Iren Products 29ft
, , Island Oil 1ft
. . Jewel Tea 19
.. Jenes Bres Tea.... 39ft
.. Kan City Southern. 254
4 Kan City Se pf.... 56 H
,, Kansas A Gulf 5ft
.. Kslly-Spg Tire 45 H
,. Kelscy Wheel 95
.. Kennecett Copper.. 30ft
Price of Sunker Fuel Oil Up
v . vrfc. March 21. Trm yiandard Oil
BANK
Hank clearings today compared with cor
responding day laat two years I
1022 1021 1D20
I'hlln. ..tna.unu.Ofl) eB.8e.772 )T0,27N,l)7n
lluutnn.. 111. 01)0,000 4S.37e,lM 4ll,'JM7,uiil
N. Y... OJ3,U0U,O00 702,308,400 V70.U43.U72
re'mDany of New Jersey hit advanced the
i for bunker fuel oil HVic In l.arrela.
fa a Haw Yerk. Tne ntw queiatlun la
'l.luVi' barrel. ,
New Yerk. March 21. The Jtusnnlla Pe
troleum Company put Inte cOVct an advance
of L'Cc a barrel In the prlce for Meila Texaa
.r.,H. nil. Thla meeta the uuotullen of II. no
Pacific Mills Cut Wages
Lawrence, Mass., March 21. A cut of ap
proximately 20 per cent In wanes te take ef
fect March 27 was formally announced today
by the I'acldc Mills. Approximater le.nmi
lersuna'are normally employed at the plant.
Other companies here, It Is believed, also
will reduce wages.
Perte Rice Rwys. Passes Dividend
Montreal, March 21.. Announcement Is
made of the pnsilng of the dlvldttxl en tha
common shares of Perte Illco Railways Com
pany, Ltd. The rate dur'ng 1V21 was 1 per
cent each quarter. Tha 1 per cent waa laat
paid en January I. 1022, covering the final
a barrel established recently by nther com cem
ranlca for that grade of crude oil,
Raw 8ugar Market Active
New Yerk, March 21. The raw augar
market continues tfalry active but steady
with Cubaa quoted at 'J u-lUc te 2c, cent
and freisht. Sales yesterday Included 33,000
buss of Cubaa for late April shipment nt
ilSe, cost and freisht. te an outpert rertner:
1,1.000 bass rlrst half April shipment nt
'.' B'lOe. te a New Orleans refiner And UO.OOe
bass 0( wueas lur iarcn snipmenc at
2 (f ISO. te
refined sna
b.Ose. less
lee, ie a j-nnaucitmia reiiner. 'ine lecak
ananim mi n en tne oasis or
less 3 per cent for cash.
pariea ei iwdi.
nujeArfWr
m
'"' i ''i ii it as ii n'
Vet
Chi.
. IV. ' ' '' ..
JlM n$ BTOCK " "Itisir
BOOO .. Keystone TAR.... it.
100 6 Kresge S S .'..13S '
1800 .. Latka wanna 8t4l.'. 504.
100 .. LakeKrlA.Wlrt.. 17ftv
522 kak Erie A W pf . 34
?E5 ..' hM Rubber Tire... 334
'SKU Lehigh Valley 60ft
0100 7 Lima Locomotive.. 17 .
400 7 Lima Loeeniotlve pf 106ft
2522 lwwe Ce .. ....... lift
eSS 1 Left Candy 13ft
,3!22 ' Mclntyre Pere KI.V'20
100 .. Malllnsen A Ce.... 22
100 7 Manatl Sugar pf.... 80
800 7 ManhatElevQuar.. 40
8500 2ManhatShlrt 38 H
WO .. Market St.Rwr.... 9
100 . . Mar St Rwy pr pf . . 60
'.122 Mar 8t Rwy Id pf 19ft
1100,.. Marlln Oil 26ft
1500 .. Marlln Rockwell... 21 ft
300 .. Martin Parry '28
'55 " Ma Ce" 'H
3800 12 Mexican Petroteura. 121 ft
100 g Mex Petroleum vpf.. S3
J122. M,eml Copper...... 28ft
s?1'0 Mlf"e Statu Cerp. 14ft
17800 .. Mldvale Steel.. i... 35
100 .. Minn A St Lnew.. 94
100 4 M StP A S S M. . 63
M0 . . Me Kansas A Texae 8ft
2200 .. Me Kan A Tex wl) 13ft
800 .. M K A Tpf 1st AW. 184
200 .. Missouri Pacific.... 22ft
200 . . Me Pacific pf 54ft
100 7 Mentana Power .pf. 103
.29 v Montgomery Ward 16ft .
J22 Mulllns Bedy 2914
2100 .. National Acme 13ft
300 Nat Cleak A 9utt.. 4Jft
100 .. Nat Cen A Cable. 24
200 .. Nat En ft Stamp.. 36
.100 ( National Lead 90
2225 N" H-K of M 2d pf 5
30 Nv Cen Copper... 15ft
100 6 N O Tex A Mex... 63
,122 N T Air Brake.... 64
4000 6 New Yerk Central. 884
.15 2H New Tork Deck.... 30ft
.16700 .. New Yerk Nil AH 18ft
100 2 New Yerk Ont A W 22
200 .. Norfolk A Southern 16
'!22 7 Norfolk A Western 101 ft
100 s North Amer ctfs... 564
200 3 N American pf ctfs 424
5!22 'Northern Pacific... 78ft
800 .. Neva Scotia S A C 264
200 . . ekia Pred A Ref . . . 2 4
500 .. ent Silver Mining. 6ft
1 1 00 g etls Elevator ...... 1 36
600 .. etls Steel :.,. 124
300 .. Otls8teeI pf 37ft
100 2 Owens Bett Maeh. 32
1600 .. pacific Devel Cerp. . 10ft
100 .. paelflc Mall 13ft
800 3 Pacific Oil 494
1400 6 Pan-Amer Petrel... 364
700 C Pan-Amer B 504
.122 Parish A Bingham.. 15ft
1570 2 Pennsylvania R R. 37 ft
3100 .. prnn Senb'd Stel. Oft
100 8 Peeples Gas Chicago 82
100 .. Peoria A Eastern... 16
100 .. pre Marquette.... 27ft
300 5 Pere Marquette pf. . 60ft
1000 3 Philadelphia Ce .... 38
900 2 Phillips Pet 38ft
2800 .. Pleree-Arrew Moter, 17
3100 .. Plerce-Arrew Met pf 36ft
800 .. Pierce Oil 9
200 8 Pierce Oil pf...... 524
2100 5 Pitts Cenl '..... 62ft
200 . . Pitts & West Va 28
300 1ft Pend Creek Ceal... 18ft
300 .. Pressed Steel Cur.. 72
100 7 Pressed Steel Car pf 92
1100 .. Producers Refiners. 294
800 4 Pub Service of N J 87 ft
500 8 Pullman 1194
300 .. Puntn. Alcsre Sugar 42ft
2800 2 Pure Oil 31
400 8 Pure Oil pf 99ft
100 g Railway Steel Spg. 96ft
100 7 Rwy Steel spr pf. . 1 15
100J.41 Rand Mines 23
200 .. Ray con Copper. . . 15ft
2500 4 Reading 74ft
700 .. Remington Typewrit 37
1300 .. Repieirln Steel .... 32ft
1200 .. Repub Iren A Steel 53'
500 2 Rep. Iren ft Stl pf. 774
2000 .. Republic Meters.... 7ft
4100 . . R J Reynolds Teb B 45ft
41006.20 Royal DUtch N Y.. 534
300 1 St Jeseph Lead 134
100 .. st Leuis San Fran 28
100 .. St L San Fran pf. 494
400 . . St L S W 29
100 .. St L Southwest pf. . 424
1530 .. Santa Cecelia Sugar 5ft
100 .. Saxen Moter 3ft
200 .. Seaboard Air Line. 4ft
400 .. Scab Air Line pf... 8ft
100 .. 8earsTReebuck .... 704
700 .. Seneca Cep Cerp. . . 13ft
100 .. Shattuck Arlc Cerp 9
22900 .. Sinclair Cen Oil 25 ft
600 .. SlesBlShcflleld 43 ft
100 .. Se Perte Rice Sugar 54
4500 6 Southern Pacific... 87ft
500 .. Southern Rail 22
800 .. Southern Rail pf. . 53
100 4 Standard Oil of Cat 964
300 5 Standard Oil of N J 174
200 7 Stand Oil of N J pt114ft
100 7 Steel Tube pf 78ft
100 2 Stewnrt Warner Spd 36 ft
400 .. Stromberg Carb.... 47ft
26530 7 Studebaker 104ft
4500 .. Sub Beat Cerp 6
6100 .. Superior Oil Cerp.. 6ft
300 .. Superior Steel 30 ft
100 .. Sweets Ce of Amer 4ft
200 . . Teret Cern ft V "A" 3
900 . .- Tenn Cep ft Chem . . lift
4100 3 Texas Ce 444
3500 2ft Tex Gulf Sulphur... 43ft
2200 .. Texas A Pacific... 33ft '
100 1 Texas A Pac C A O 26ft
600 .. Third Ave 21
100 .. Tidewater Oil 1184
300 Tobacco Products.. 624
600 .. Transcen Oil 10
600 4 Transue Wm Steel 384
1030 .. Union Oil 19
700 10 Union Pacific 1344
3700 . . United Alley Steel.. 314
500 8 United 'Fruit 138
100 .. United ltwy Invest. 114
110P 6 United Retail Stores 464
300 .. U S C I P A Fdy.. 36ft
600 ..US Feed Products. 6
300 ..US Ind Alcohol... 47ft
700 ..US Rubber 63
100 ..Us Smelt A Ref.. 37ft
100 3ft U S Smelt A Ref pf 45
15000 BUS Steel 95ft
100 7 U S Steel pf 117ft
200 2 Utah Tepper 64 ft
100 .. Utah Sec 15
2300 .. Vanadium Cerp.... 39ft
700 .. Va-Car Chemical... 35ft
100 .. Va-Car Chemical pf 77 ft
' 200 ( Va Iren Ceal A Coke 45
2900 .. Vivudeu Inc 10ft
800 .. Wabash 8ft
600 .. Wabash pf A 26
2300 1 Weber ft Hellbrener 14
600 .. Western Maryland. 10ft
100 .. W Maryland 2d pf. 17ft
100 7 Western Union Tel 97 ft
S00 4 Wesllngh B A M.. 574
600 .. Wheeling A L E. .. . 9ft
400 .. Wheeling ft L E pf 16ft
500 4 While Moter 41
600 .. White Oil Cerp.... 10ft
4600 . . Whit.) Oil rts ft
600 .. Wlclt Spenc St Cerp 15ft
17100 .. Willys-Overland ... 9ft
700 .. Wlllys-Overlund pf 44 ft
100 .. Wilsen & Ce 40
100 .. Wisconsin Central.. 30
600 44WorthliiBten Pump, bl ft
100 .25 Wright Aero b
En-dividend, 1 Hx-rlsbts.
Lb'"
Tsffi1.
.!
34 .
32 H
Btn
1044
106ft
iir
22
80
3 ft
36
8ft
' 80
1ft
28
18 '
27ft
18ft
1204
83
28ft
14
34 ft
OK
63
54
12ft
,13H
22 ft
54 ft
105
16ft
29ft
12ft
43
'24
36
90
4
13ft
63
64
874
30ft
18
22
16
101ft
564.
4214
77ft
26
2ft
6ft
132
12ft
37 ft
32
Oft'
I3ft,
49 ft
56 50ft
18ft
37 H
8ft
82
16
27 ft
60ft
37 ft
364
17
33 ft
8ft
324
60 ft
27 ft
18ft
72
92
28
86 H
118ft
42
30 ft
99
96 ft
115
23
15ft
V4ft
:i6ft
:i2
!I2
77 ft
7
45 ft
53
134
28
494
29 ft
424
5
3ft
4ft
8
704
13ft
9
244
42
54
ee4
22
52 ft
964
174
114ft
78 ft
36 ft
47
103
5
44
30 ft
4ft
3
11
44
42 H
33 ft
,26 ft
20ft
1184
624
94
37 ft
184
133ft
31
1374
HH
46 ft
364
, 5?4
47 ft
62 H
37 ft
45
944
117ft
64 ft
15
38 H
35
77 ft
45
10
eft
26
13
10
17 ft
97 ft
57 ft
9
18
04
10ft
ft
14ft
8ft
42ft
40
30
50 M
9
14
ft
ft
4
ft
ft
ft
1ft
1ft
ft
1ft
ft
H
1ft
ft
..
ft
ft
ft
1
1
ft
H
Ift
ft
ft
ft
1ft
1
H
ft
ft
K
ft
H
ft
H
ft
H
r
ft
H
'ft"
ft
ft
ft
ft
ft
ft
I
ft
H
1
'ft
ft
ft
ft
ft
ft
"11
ft
ft
ft
I
1
ft
ft
ft
ft
1
ft'
1ft
CLEARINGS
i as ii' ,f ' i I
t
MONEY-LENDING RATE8
NKWYOUK Meney en call, both classes
of collateral, opened today at 8V4 per cent
for lending ind renewing. eiu
PllliaDKU'llIA-Call, 3 per cent! time
5 per cent; cemmerc a paper, three in i J
memha. a te OW per cent. e ,0 "u
Ohie Fuel Pays Extra Dividend
rtttabursti. March 21. The Ohie Fuel
Supply Company has declared an rx"rk dlvT.
A",".'1 at -LPV nt payabl. In 4H per cent
Victory benda and th. rwular quarterVy
llvlle of 2H per cent, both payable? April
15 te stock of record March 3f. These are
the eainu us paid In the previous quarter?
Prices" im'pr'eve en Paris Bourse
Parla, March 21. Pi'lcae Improved en the
Begrsa today. Trr. per cent rentes. S3
trmym ll paiit mr.v ssvK..,,.n ." '"
frSnc. 'fTtlmV.r s '"V 2?.MiP- i?.
EvlnPW
n;i'
W 'V
v?
1:10 Met
'P.M. Obis:
184 ft
133
,49ft- K
17H- ft
34
,32ft - ft
K- H
Further Accurtiulatlen of Rapid
Transit Clearinf Up
Floating Supply
187
106H
3
ft
ft
1
14
M6ft-
LOCAL STOCKS
22
0 . ft
3r4- ft
38ft 1ft
9
60 ft
18ft ft
20ft 2ft
28 ft
184 1
22 4
83-14
28ft- ft
14 - ft
344 4
94 W
63 .i
B?M- ft
13 ft
154- ft
22ft ft
B4ft ft
103 ft
16 4
29ft ft
13ft 14
43
2H- ft
36
90
4ft- ft
1Sft ft
63
64 . ft
88 .- ft
30ft ft.
18ft 14
22
16 1ft
101ft- ft
56 ft ft
42ft- ft
77 ft ft
26
2ft ..
6ft- ft
132 - 8
124 ..
37 1ft
32
9 - ft
13ft- 4
49ft- ft
564 H
50ft ..
15ft ..
374- ft
8ft ft
82-94
16 t.
27ft ft
60ft ft
37 ft - 4
364 f ft
174 4
36 94
8ft ft
524- 2ft
62ft 2ft
27ft- ft
18ft ft
72 -f 1
92
294 14
87 ft
118ft 4
42H H
31 - 1ft
99ft ft
96 ft ft
115 - ft
23 1
15ft ..
744- ft
37 ft
324 ft
52ft- ft
77ft- 1ft
74 ft
454 ..
53ft ..
134 ..
28 - ft
494 ft
29 ft
424- ft
5ft ft
3ft "ft
Hi- 94
8
704- 94
13ft ..
9
2594 9
42 - ft
54 1ft
864- ft
22 ft
53 ft
9694 ft
174 - ft
114ft- ft
78ft 4ft
36ft ft
47ft 94
104ft 14
594- ft
5ft- 1
30ft ft
4ft ..
3
II
44ft- ft
42 94- 'ft
3394 94
26ft- ft
29ft- ft
11694-
6i$ H
994- ft
38ft 2ft
1894 ft
13394- 94
3' IK
138 - li
JIB:
36ft4
63
37ft"ft
45 ..
9594- ft
M794- ft
64ft H
15 ..
3894 ..
33ft- ft
77ft
10ft " ft
8ft- ft
26 94
J31i S
17ft ::
97J4 ft
57ft- g
9ft ..
'8
40 ft
OR- ft"
.ft ..
'4ft- ft
994 ft
44ft 2H
40 ft
30 . n
5094- 1ft
There was a marked decrease of
speculative activity in the local market.
The general list, however, displayed a
strong tone and price variations, as a
rule, were limited te small fractions.
PhlHrdelnhia Rapid Transit reflected.
substantial accumulation and Indicated
a gradual Meaning up of the fleting
supply around the current quotation.
The statement of earning snowing n
net income of $350,876 for the first two
mtenths of the current year ad a
strengthening influence. This was an
increase of $204,515 ever the corre
sponding period of 1020, or at a rate
of slightly mdre than 7 per cent per
annum en the fW.000,000' stock. Little
attention was given te -the attitude taken
by Mayer regarding the bonus policy.
A mere active Inquiry sprung; up' for
Philadelphia Electric common advanc
ing the Quotation te 244. On the
ether hand, little Interest was mani
fested In the U. O. I. issues. Union.
Traction -was fractionally higher as was
Philadelphia Traction in sympathy
with the P. R. T. movement.
Pennsylvania Railroad, after, a firm
opening, eased off fractionally with the
rails en the Dig Denrn. a traction was
also chinned off Lehigh Valley. Ameri
can Stores, selling ex-dividend of $1.
sold at 00, a point eln from last
night's closing. The inactive stocks
continued te reflected a widening in-
?iulry. American Railways scored a
urtber advance reaching' 0, which is
ever 7 points above the low record of
last year. Smsll transactions advanced
Pennsylvania Salt a point te 72. The
Yerk Railway issues were firm, and the
same may be said of. Lake Superior,
Consolidated Traction of New Jersey
and Philadelphia Oempnny shares.
Philadelphia Stocks
1:15 Vet
. Itlsh Lew, P. M. chsa.
il.Am strs
rs.. 00 08V$ 08M
tpf.l30Vi 18014130$..
rys. W 0 m
50 de 1st
300 Am Itwv
25tAm Snmst Xl 83
lOfBelh Stl B 08 08 1 -f
iu con Tr IMJ -JU 4W 4
10 Rice Kter.148 148 148
t
3SJtGcnt Mtr 10
II
3tw in L'e IS A 83
150 Key Tel.. 8
8..
25 Lnke Sup. 0 0
lLch Vul... 60 00
75tNerf ft W.102 101
402 Penna R R 37 37
I 371? is
H Penna Halt 72
35PhllaCe.. 38
05 de cum pf 381
881 Phlla Elec 24
218 de pref.. 27
765 Phlla R T 20
15 Phlla Trac 05W
72 72 1
37ft 37 y
38(5 38y,
25 25T
05M 5'4
17 17
ieuTi'ierce-Ar ji J7'i li'M
100tStttdeb,kr.l04 104 104
lCOfPierce-Ar 175
1200 Tone Mln. Hi Hi 1
210 IlnlenTrac 38 .'18 38
35 U O I.... 44
A.lf.
22'?-
20 de pref.. 52
105 Yerk Rwy 20
70 de pref.. 34
52
20
34
20
34.
Kx fUvMend Indtv Am.rip.n Uinrm tf
American Bteres 1st pref., IK par cent.
T.ei cnaniie made by comparison with last
sale en New Yerk Stock Exchante.
PHILADELPHIA I10NDS
450 Liberty 1st 3s 47....
400 Liberty 1st 44s '47. . . .
2050 Liberty 2d 4s '42....
07.34
08.00
07.00
07.08
1500 Liberty 2d 4Vis42.
atHMj liberty 3d 4j4s '1
'28 00.00
8000 Liberty 3d 44s '28 08.04
ifts -'
10000 Liberty 4th 414s '38 08.20
1150 Liberty 4th 4Mb '38.,lets 08. lU
8450 Victory 4-7iH '23. . ..lets.100.00
its) Mctery 4;i8 J.H 100.80
2000 Hell Telephone 7s.... lets 108
5000 Cens Trnc Xew .Ter 5s. . . 78
2000 Kcctric ft Pce 4s. .. .lets 04
1000 Phlla Klectrlc 1st 5s. . . . 05 V
20Q0 Phlla Electric Os leta 101
FOREIGN EXCHANGE
New Yerlc. March 21. At the open
ing of the foreign exchange market
marks were quoted at 34-X. compared
with 38 at the clesn yesterday, a less
of 84 points. Yesterday's final figure
was the high of the day. The decline,
as iu. the rest of the market, was largely
attributed te speculative operations.
Sterling started In lower, francs and
Belgians were down point, lire lest
1, pesetas 3. Swiss 1, Danish 5. Nor
wegian 10, Swedish 11, guilders 15.
In the second henr the market lapsed
into extreme dullness, but sterling .re
covered from the earlier level. whii
francs and" lire gained a point each. J
Marks milled U nnint. Ilimfnilnna
w,rV, 8tPr,inlf t'abl 4.37, demand
4.30: franc cables 8.08, checks
8.07; lire cables C.08, checks 5,07:
marks, .35.
Canndian exchange wns a shade
firmer today, with the nnmnm tn
Montreal en New Yerk funds 3 per
cent. The discount en Canadian funds
in iiew ierK was .ii per cent.
TEBTERDAY'S CI)SINa QUOTATIOMH
j '.'ilL'P' Francs T,re Guilders
Demand .... 4 37 S.07 3.H7 Si Li
Cables 4.37V. 8.97W 8.07M arSe
TODAY'S OPENING Q.UOTATION8
ggy.::::: Brians
LIVE8T0CK QUOTATIONS
, bli.;rtch'(e'irvr.aa?c r'js LvvS
Teed matured steers. IU: bulk beef .t..r.y
llghla off rner.-. Tep. I la Se early i vary ??w
ever HO.40; bulk, ll.HOfie.sni pigs .beMt
IfiSofie!1" dr",rft,,1 10 ' li'O Bound plsal
HlirSKP Ilecelpta. 11.000 head. Kllllnir
classes 23e higher. Tep woelcd Inmha sim.
ik,,."0.W',J !!P i lan?b5.b",.,r5
...,.-... r..u..l rB, IU; j,00d IDO.UOurill
woeled ewrs, IS.SV
few shearing Jambs
ateauy at jn.ie
rittaburgh, March 21. 1IOOS n.ir.i.
1000 head. Higher. Heavies lertRm
10.7! heavy yerkers. Ill; .ht vnri..,?
110.7ft 10.1)0: p'gs, tlO.Si'o'le 7J yer"er-
HHKEP AND IMns Recelpta BOO h..
Bteacly. Tep sheep, $10: top iirnbs iia d
AWf?-R,c,l,,tt' i50 head.'1 sie'iay.
Tep, Stl.
KaaJ nutTale. N. Y March "1 niivra
Receipts S73 hend." Ht" adV."''!;8
Ipts, 380 head. Slew: taeii -in ' re"
11008 Receipts. S2ni 'iS.?J,ae' .. .
celpt
mm . - Jkait m ,. i . i '-. IIT IUi niBOnU
b'Hd. Steady.
iieavy. etu.oue tu.Tn
y. iie.bi D ln.TK. n,i..j"j '"'"'
inskerr, n.ir ... "". "Pii yersers
I ioHefrViUh'.". "iBns'&rTSi".?- feg'J
... ... -. vw ... .... IjllIIlIIH. IU
few 110.10.
MO;
Ksat ft. IOiils, Murch 21 TATTr n.
celpts. 211011 head .. UeneTally Vte.K7R,e
strong. wr.eici earung stuers. Is as. ;.
rarlv snles strong.
T ,.!.." .""" '
iiu.itn ter nne lean
IS for nna lead: bulk" tin te "n ,iSv
ri H...1li.7Bi packer tow weak te
average
lower
lower.
SHEEP Receipts. flOO head. RUadv "
strong; sheep steady. Tep Jin icj tiir i2
deck geed fed Westerns te city hutnhee. S?"
dlum weight Western ewe,, 'w.sifn.a'vE.;
Reserve Bankh' Discount Rates
Official rediscount rates it the ini. u.-
ral Reserve banks' Z"V foUewaV Ke('"
Treas. . Mb. Cem'l ni...
Ilosten
New Yerk ,
Philadelphia
Rle eland .,
Richmond
ctrs. nd papee . ;
J8
Atlanta ....
Chicago , ,
St. tul. .
DVw;?r4.f'o:ne?tio,b3uIil0
n
s
n
s
B
Minneapolis
"
r Fy'''ii
Yeu
Fertifiea
te Meet Competition?
Competition ii geinfe te, be intensely, kaen all, through
1922. And the butifteu concern that,, iiipretetted
pintt itt piatett Am Ubttt fertJrietl te metiKh
cempetitierh successf uliy.
'A'' "tt,
This hiiard it tad debt ksttt. Arid 'remember,, "the
lower the taler. the higher' the pertentaie of crealrt
em." Thar! a fundamental business principle.
Fortify yourself safeguard your credit resource abte--lutely,
with the Americwt's Unlimited Policy of Credit
Insurance. In times, like theie it'e the wiiett money
you can possibly invest Manufacturers and whole
salers, get the full particulars. Abe Limited Petkiet
at lower cost
Pay menu te Pi&yfuUtrt ever $11,000,000.00
yU AMERICAN CREDIT- INDEMNITY CO
NEW YORK E.M.TREAT. piiiieint
MSUSS STANSASO UNklMITIB MiMIlM
W. J. MORPHY, Marutw
J. F. IVUcFADDEN, General Afnt
1011 Chestnut St. Phni, Filbert 6803
Philadelphia, Pa.
t aTal HiiM ss V
SjnisnnimW
1B eBl I' vr
TB eSI A aV
W Oitin and Offer
$150,000
WESTERN PACIFIC It. R. CO
lat Mtge. 5a, Due 1946,
(Listed en the New Yerk Stock Exchange)
. t '
Secured by a first mortgage en 1,011 miles ,. of .track' at
$27,600 per mile. This includes the entire intVin- lihe, of the
company.
Earnings for four-year period through 1920 ever 2.3 times
interest requirements.
This bend possesses large equities and is sellirig at n price
which makes it an exceptionally attractive investment
purchase.
PRICE 86 TO NET AIOUT 6
BATTLES & CO.
Established 18b0
independence Square (East), Philadelphia ,
Conservative Bends Which
Still Yield Liberal Income
The steady advance in the market for bends and
the consequent recession of yields make it
increasingly difficult for many investors te select ""
conservative issues which still yield liberal
income. If you are in doubt as te' your' choice Vy5
of such bends, we shall be pleased te assist' you' '"'"'1
in making selections, basing eiir recommends- ,
tionsupen a thorough analysis of intrinsic
values and our constant contact with market
conditions. ,
We suggest you send for Bend Circular-1108
MmOnurlCuY
Braael aael Sism St. Pkfl.J.inll. .' ' ' -.
New Yerk BaltuMr. Pfttibargh WsfVagtea . s-'J
lfsmber. New Yerk, Phllad.lphla and" ' 4''
Pittsburgh Stock Bsehsnsts
Over 7
Still Obtainable
Frem Sound
Public Utility Preferred Stocks
Penn. Pbwer St Light
7 Cumulative Preferred
Price te yield 7.30
Utah Power & Light
7 Cumulative Preferred
Price te yield 7.40
Southwestern Power &, Light
7 Cumulative Preferred
Price te yield 7.35
Descriptive Circulars en Request
Bonbright & Company
437 Chestnut Street, Philadelphia
New Yerk
Bosten Chicago
W. A. Harriman & Ce.
INCORPORATED
7S1 DreseJ Bldg., Philadelphia
We offer a Selected Ul eT
Municipal, Railroad eed'M
Corporation Zenae
We arm prepared te purchete
sound Issues of Corporate'
Bends which have en
NEW YORK
CHICAOO
SYRACUSE
BUFFALO
earntnte
STROUD & CO.
una. HM .. a- DLII. J.lakia"
SUN CO.
" 6s, 1929
MORLEY, WOOD & CO.
333 Cheatnut Street
MMskera M. V. rail. Bt.fc Kick's.
Iuratnsat P Rrnnns it Ct
CERTIFIID FUIUC nCtOMJtff
iJmJLWiJF'XBR VSESeVSTM
if "-t"t.- "" rr" "T!.'--. ratis
nVeTBtfaTMt
atrtnarahln arjoeunti Atkct nrtSAff
ki.-'SLX-SL-'"""'"' ' '
'TT-
11
Detreit.
is,.
established record of fl
120 Breaeiwar. New Yerk14)
"veHng OS-fiB VWSm
t'iditL 1')fc
Kansas City .il 9
4nnrn
m.
t
I.
"11
eO . '
mMmmM
1
IV
!J&&
JV
&
ffii
&
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