mmmwmmmm wf- : mwmmmmwm f vmrnmBEmmMmmmm lmmmv mwmmmm Swsp. imm&c ajfiagfl jigg ' I ' Vi 1 r .. 'K .,'. tr jMH Sprace 8200 Particularly LIBERTY BONDS Vtrrroev vt-tci I'.r'TttEAet tnv -ir.v-.... . i "wwuri CKIIhlUAltj IS WE a.re Ms ,teWt lx an immediate net price en ariy amount. &rawf ms uss $. 5l; r. ., mm Biln..-' li " V JBOUOHT-SOLD-QUOTED Stf'UIttTlr'.S Ull'.UtTMKNT COMMERCIAL TRUST COMPANY Mtmber tYderiil Itcsrrir 9istnn City Hall Square West MARKET IGNORED sw- rav E- wt j? nt. St v, .V It SrrdrU 23rms. & de. fubllr UHllhj tfrruriMcu fork ExfJjnnec Sutlfilnn. Phlla. Lehigh Power Securities United Gas & Electric 1st Preferred rtimirM l.UCUt WCJII-l-g-J-l Prlvata l'liencii te Mew Yerk & Uo.stea c Lawrence E. Brown & Ce. CERTIFIED PUBLIC ACCOUNTANTS iiiise itKAi. i:r.TK TnrsT nr.ne. Imeallgata and mljti.t corporation and partnerahln account, and i.repare incema Tax It'turna. rivNcii i, I'ORT III HON GAS , hl.l.'l illtf t DM i VXS FiKsT MfllfMiAl.i: l.VA i:ll J . e'r (iiti. i) neMw. mi: iejn The uii.ler-li.ii.'' Imli"s t-ti.I. r-i : il-iw . benda for sili- ni-d dcller , ..f April 11. 1923 nt a price net excei-dmc 1'- ai il r accrued Interna te ar.serli I1.77h.'i1 villi- mm new aMiltible in the Slnklnit i'un.l. .a Rented trndrra Matin numbers itm. de. rtnmlnfttlnnii nf l-nnd offered, fl'' Irn.sed t,' I.NIU.N TKLMT ril)II'.M .Ml. STRIKE All Earmarks Present of an Old- Fashfened, Rampant Bull Movement I New Yerk. April 1. While the price 1 movement nas mixed the tune of te- dnv's closing Meck mnrket was one of , prennufrcd Mi'riiitli. The ceul strike exerted i'ie perceptible lnfluence what- ever n the murkel community com ! pletely Ignored Hint event. The only Indinvl effect was tlie uutlrcnbln stienglhehiiig nf the oil shares which ! were run up en the theory If the struggle between the miners niitl opera- j ters nhutild proved n pretrneted one the oil Industry was certain te benclit mil- I terliilly. Lenders of the riillwnj und liidii trlril Rumps moved within niir niir rew )lmil, but come of the Mdreti-d 1'iMlex were hid up shiirpl, lmtnbly ' 1'leree Arrew und mmr of the oil vui:. (In the ether hiind. Miinhfittun Klevuted ; fell n iielnt In eonneetlen with Inter Inter Inter horeush Itnpld Transit's default of thu ' quill terly dividend en Hint stork. Liberty Ilmitli reneted slightly teda from high records of the previous ses sion hut the Reiieral bend list was tlrm te streiic. l'er.-lstent repeits that favorable de de velepuieuts are tinpeiidliu; In the mut ter of relatleut between Washlnisten mid Mexico City tignlu stimulated the demund for Mexican bends. The 'l made an mlditiennl ndtnni'c of ''' I iinliitt and the two . per cent Issue- gained liii'Ke fractions. Krvncli T1 and Cuba Republic ."w ale were strenp. linllis of 1 point or better were made l St. Leuis and Sun Frnucl.soe ad justment, lnterboreticli Metropolitan 1'h and Manlinttan Klevatcd -Is Moderate advances marked further buying of New Yerk. Westchester und ISu'tim -f.-s, St. I'aul t'c.ncrtlblc 4,.J' and St. Leuis und San Frauclsce la la eonics. II the week's happening enn be ac cepted as a criterion, and unless tlieie i Mime unavoidable slipping of the every sign points te an old- NEW YORK STOCK EXCHANGE TRANSACTIONS 4? meneitANTi Trim., of TeTt Itiiren OaH A Kl.etrle t'eni' tiany Hends. 71.'i-lT C'tiwitnut ki. ri' l.idi-1- regv. B II il. ""'fuvliimi rampant bull murkel. The The rVuRtV ffnn th rtalu (e rnjrt ' scenes liuvc beta plainly net for thu biff ULnCllANTH LMONTllLhT OMrAN I10i,im aualtilip tllP .-til.. What seemed JOHN S. mnill.N. tci be merely u prelude, unly n few lVeiilpnt weeks age, lias rapidly det eloped Inte a NOTICK TO 1II.UKH!I IIP f.AUKETT i full-lle.lccd exciting live-act drama of ..J.VC'.VV." lt:"u t-"-the Weely West type, it may be a lliLH' llllt'mi Ul L'lli'dUie uiue, uiil ll will net be the fir-t time a hungry j speculative public hit taken the mur ket out of the band of it. conservative I managers nnd run nwny with it, I I lie maruet atmespaere i a benvjly ' COUNTY ' 1T MHR' .. tTn.l.r the Sinking Kund nrovlnlenn of tint . Mertt-KRO fal'il eftffrn will b- re-sUeJ until -1 ft P. M April S. 10-S2. at Ihe elllt of the Pannsylvanla Ceinpanv for lnMir.ince en lAvta and Grnntlne Annuities, Trcite. for f,i tha tale te It at the lowest vrlce net exceed. - llur 102 Mi and nrciuil Interest, of u muny ii """'.. -.-.-'riB 'hniiM k,. uiti!ra,t in !. . charcpii. if nut Ovei'i lijirifed. ultii bullish n titiderilBnjd. ,.... . .sentiment as it wiib of the hen risli t pc i ft, THE PENNSYLVANIA COMPANY FOIt ,, NM.,,,, i,, vti..,'. nlu. r intiivncps ON T.ivns and " J'"r age, men. iiguiii, Mecn vtiiui! . i " 'orantine annuities' continue te climb te liiglier levels with i., . i .. ... ii.ii. ... . ., ... ...... . .. i. . ,u, "u,' b," V, i' fi . wie same irreii line er-isiency a iney v1. Ceal Mining. Ce.'J CttKNTNt'T HTRl'.KT KHVl.TYrilMPA.N v " FIRhT MORTtlAUK t Pi:R CENT SINK- IN(( FIND C.IILH CUtl'ON IHI.NDS. ! UVK 10W. ... Th undernlgre.1 lnIte tender nf abe l renfls ter naip ami iei ey an or .April in . 1S33. at s - and accru aum new Sealed tendera t- eirerru. innm i J .'" i empany in,.!,.,,! ,,. .. ,.rive,l fi- the 0 Trtntee. mMinui r-irei neaitj Tnpany ' :""".- , , ,, i i il 2irBX JIOriBHK t t.T ti-m I.UIlun 11 Ut rt- I llll-MMIIl- 1111 11'llllH'll, .1IH1 IU,VT1 Jr THOMAS H. HOPKINS. Treasurer AM have some sort of setlmck, but all . ij. riilladelphl.i. Pa April 1. niyj. I their calculations went awrj and in-j "" ff" . I stead nf lilunciii" Inte the abvss. tiie i Anminl MeetlllBPt . nmrkef ..ntlieeril fr..li stn'iiL'lti mill plunged downward less than twelve) nientlis iik". Seme of the ver. shrewd est operators en the street and Heur have unsuccessfully (eutested the rising, tide of value since tin: inception of the i current constructive movement the ere xji t-n.'i -... .. .- vi ((( lit, j t lit I ' ill ifi-i I in it I uivii nil ill I a price net exeeed'ns- 1U2 Kr rent liittpr mirt of Inst summer Tliev w irued Interest, te ehaut M.VUOO, u I ' ,, , ' ., .' slJmInV.V ., 7y " . nvniiaiiin in siniiinu- l-iiftri . cenl ileiitlv convinced, with tlielr se "'",'.' !" J"i!""r.' " iibu i out mill nines a week- age, tne psyeno psyene tstreeYSaitV ' TnwPny , l"Blil moment had arrived for the . fQSTO T1IK stockholders of tub momentum and started te mount een ; , lnnMjnl Ce.il aiiil Coke fflrperii. ' m0re rnpidlv than it did before. 4rf tlent Takf n tire that trie annual tifetina i ni i i f i i . J. ""the (.tocUhelders of the PennnvlvanU "eal ilvr" N ,l K',""1 U'"N,"1 ,f".r t1,1" flvMl ! a fcnd t'olte Corporation will be held at tha upward sweep because it (hlll liecume x. Wf , principal ofllce of raid carparatlnn en tlia I meie fercihh patent that the rcsltuutluii 'ThVcuy 5rrpS.'.!.iriphu?.d P.n'S.Vi'.".' iS ' resumption of th"buine and Indus . the lt Hay of Mr. 1021. nt S:e e'clnr'k in ! trial prosperity i mucli nearer nt hand fMf I' 'G- w - ("Ai "j & .:r. ss IV t mk t1 f , nt 'J::tn n'riL. m trial iiresiieritv is much nearer nt hand I " V,V,'JSll'Sreitr!lr. MirF v than wn Mippe-eil u few weeks age. beard of nlne directors te nerve for one yeur ' t. i ... .. i ...... .. i -it ..?. - ' and for the trun-ictlen of anv and all ether ' t ruined expert have as-serted all Uieng bdelneM th.it niaj coma before fold mettliis. tlie improvement would be of a gradual type, and, pe-tlily, would prove pain fully slew. KiHcnt developments in two I basic Industries tin eaten te knock tliesi; : arguments te sniitheiein and there are will-defined sign that several ethers are going te de l In same little trh k. I It would be no exaggeration te state , thnt it is within the realm of pessi- , bility that the tiel industry befete the summer has left u 111 lie operating' 1 in is no idle guess. Dated April 1. 1022 c ALTIEKT G EDWARPf. .eCrefry . Pannaylvanla Ceal and Ceke Corporation Propeaala ' HEALED PROPOSALS. WILL. HE RE-1 JCS celved by th Dire. ter. L S. Ceait ami Oeedet'c t-unev, Wanhlnsten, I), c . up te .(' 2 P. M.. April 13. for cartiln nlterutlena te ! ba made, te two former Navy Mine Hu-ei- t. era. Including conmructleir of nteel aAl wooden deck hiyuee, r-ttens'en of pilot heu n r.irrant.m.nl. nf Inl.pln. sn.in.n.A.i ... .v mnd provlnlen for n w bout iIuu.-irc Thi at full c.ipaeitj ""'? J1V.?'" 'SW.."' 'J IPS'1.'1 at HT "."'inn Nar or lieai-say. but is based upon tlie pre 4u . mil". np"i;imunu il Ullinrf nretniH.il i . . t i 1 1 i i and further informal ...i nny be nKin.,? diction of the lendillg steel and iron iJ from th Director at tlm above ndiir-en ei . by applylns at the l!,,eten rjeld Ktailen V jmmi i.'i. .i-t'm jiniia. ' MAMJFACTl'REP.S AND rT.l .. dealer! denlrlnc te bid en uppll - niaiti iiuiiiii ler inn ineane at JV P.. durlnit the year endln .Mav til Iiu.1 ", may nunrcii ine u r vlaaa of ceadn It I 11 II. proponed te furnish. RCHl'I.TZ. Steward. (i X inteiest. wlie in a twinkling lian been iransfnrmed from deep-dyed pessimists liTisiiS'n I l'"d-shouting optimists. i'fer tfi" '''he s.inie applies te tlie tniuspeitn- nt .rnyllie. I tien industi.t. luste.id of talking re- nv 'ii itie i . .. -, ... . may address Hi. undTisned. etnttnir hat el'iv ersliips us tlie tini a tew months Q7n. r.Tiirnan ini'ii .'iii nniv inriu'iinrin nn early resumption of dividends eitlir j susiended or reduced. I in; reuruury earnings statements were eye-eener.s. They iust Miewed. liewevcr, whnt tlie railroad men could de when they had te. Tlie unpleasant experience of last jear was a geed thing after all. It served te bring out tlie best that was in the railroad manager of the country. BUSINESS IN WES ;? Si- .I T GAINS MOMENTUM 5 Bettering of Conditions in Re- ? .: r.nj. D..:i: n tan iiaue Du.iumg rer- mits Shew Increase r N. Y. BANK STATEMENT Exceus Reserve Reduced te $13, 309,060 Big Jump in Oepeslta ey ''ierli, April J. The uctuiil eon- &.. At 'yf I : v Clilrace. April 1. Gradual imptovc imptevc meut is reported in conditions in munv lines of trade and ministry in the Wert Div. Bales in I 103 1300 100 200 270J 700 200 100 200 33J 120.1 200 1300 100 100 230 GOO 6M 200 1300 130 600 1500 100 100 700 700 1200 100 1700 300 430 930 100 700 200 100 930 203 1030 300 100 500 500 400 803 2400 200 13803 3300 700 1800 S3'l 1 iPC i 20) 300 100 150) 1100 100 530 1103 000 103 200 20(1 3930 100 1700 603 300 100 200 100 6700 530 2430 100 700 700 3200 1831 12100 1030 2010 230 100 100 700 000 1503 100 400 1303 103 2400 100 tee 13'JO 533 503 200 1100 STOCK I Hi 4 Air reduction .... 5M .. Alax Rubber I?" .. AlaBtta Held Mine' ? . . Alnaka .Tuneau fl M 1 li Allied Cbetn Dye. 64 H 4 AHIn-CriMmtni .... 46 Ji 7 Allla.Crmlmers nf . 92 !a 4 Ant Uanle Ndte.. .. 7?. .. Am-Bert Sugar..,. lO'-i . Am II0114I1 Mag.... 3!i Am Can 47i 12 Am T:ir Kdy....156 .. Am Chlcla '2U .. Am Cotten Oil 25 H .. Am Druj Syn 5?4 8 Am Rxpreas '39 .. Am Hide ft Leather 15 7 Am Ic 107 fi Am Ice uf 804 . Am Tntemat Cerp. . 43'i 1 Am-La France I-ng 11 . Am Ilned 33Ui Am I.oceniotl....'.1Hi 7 Am Locomotive) nf . 1'17 4 Am Radiator 87 ? .. Am Knfcty Razor.. . 7 .. Am Ship ft Cem.... 14 J .. Am ?melt 534 7 Am Smelt pf 97 S 3 Am Steel Foundries 37 ! .. Am SitKur Kef 72 .. Am Sumatra 3-w 8 Am Tel A Tel t21 8 Am Tel & Cable. . . . 63 Vt IS Am Tobacco 137J 12 Am Tobacco B 134?j 7 Am Whole 7 nf. . 9?- 7 Am Woolen 8,' .. Am Zinc Ld ft Smlt 15 .. Anaconda Copper. .. Dili .. Ann Arber pf 49 4 Asue Dry Ooeds. .. 55 Atell Tep ft San F 97. C Atch Tep ft S V pf 88 7 Atlantic Coast Line- 05 .. ah euif ft w 1 a a 3eh .. Austin NMehelas.... 26! r, Auetln Nlch Inc pf. 82 s 7 Baldwin Locomotive 1 1 1 ' lloltlmnre JT, Ohie.. 41 34 . Uarnsdnlfl Class A. . Harnndale Clnxii U. r. Bethlehem Steel.. ' r. Beth Steel B 7 Beth Steel 1 pf. Beeth Fisheries.. Btlt L'm Steel 2rt pt 20 .. BkUn Rapid Trnnii: 18U .. Bkln BT ctfs of dep 17' 7 Brown Shee pf 02 8 Burns Bres A 1 27 J 2 Burns Bres B 41 .. Butte ft Sun Ced. . . ''' . Butterlcl: Ce . . r.idrtn Cen OAR. 6 California Pncltlnc 75'4 .. Calif Petroleum.... i- 7 California Petrel nf. 92 .. Callahan Zinc ft Ld 61. in c:nndlan Pacific. .. 13" Ji , . Central Leather. . . . . . Central Leather pf . . , , Cerre-de-Pasco . . Certain-teed Pred.. 6 Chandler Meters... 4 Chesapeake ft Ohie, r-hlenirn Alten. . . . '.. Chlcace ft Alten pf 14'4 . Chi ft 111 (new).. J'e . . ChlcaKO ft Or West. 3'a Chi ft Gr West pf.. 20 .. Oil Mil ft St P 23ji .. Chi Mil ft St P pf.. ;9 5 Chi ft Northwestern 70 u .. Chi R I Pae 40-4 C Ch! R I ft l'ac 6 Vf 80 7 Chi R I & I' 1-" P' ",. . , I PI Ml 1 .11 Oi S. . .. .. Chile Copper .. Chlne Copper 4 Coca-Cela Cnle Fuel ft Iren . . 6 Celum Uas ft Elec. . rv,!nTn nranhonhene. '.. Cel Qraphopheno pf 15 4 i-ntnnnt Tab Rec... 70 . Conrel Cigar .. Consel Cigar pf . . .. Consel Dls Ins... 7 Consolidated das. . ConKel Textiles. . Continental Can. 39 33'j G9 74 93 7 30Ii 12U 37 H 71 si 35 ?i 43 H 753i 62 '3 bi e; '2 17 4 28 49 30 S3Ti 3": -6 , !.5 H , 1 09 4 , 13U 01 "a '4 Cern Products Ref.107 Ce of rruelbla Steel...... ''' 7 Crucible Steel pf.. "J Cuban Am Sugar... 22' 4 . . Cuban Cane Sugar. 1j .. Cuban Cane Sug pt 33 Yt . pavlsen Chemical. . E8 i . . LVhiwarn & IIuden118U 0 Del Lad: & West... 1 15 - 8 Detroit Kdlsen. . . . . 16 7 Detroit United Uwy 03 1 Deme Mines....... 'b .. Duluth Se S ft At.. 4 J, LniluthSe Sft Atpf 8- 12 nlec Storage Bat...l;i7 . F.Ik Hern Ccal ' r. T.-r.dlentt-Jehn'iOn .. 0J44 .. Erie S b'ameus Plavers I. S Famous Players pf Fed Mln me 6230 :n C03den ft 180J tee 10C0 in:e 030 1200 100 83.) 100 100 100 200 200 200 100 401 800 1931 300 100 100 100 100 2700 330 700 100 15830 100 300 700 16100 300 700 1400 530 103 10'J 16J0 11 01 P41, 9 Lew 54 5S 17 54 H IK CDS 46 S2J4 72 40 la 4414 47 54 U3 1114 25 H 3W 139 15 1C6H F04 42 s It 33 i 110 117 f.74 TV 14H 9714 36 3 71 J4 32!. a 121 4 631 2 137 134JJ 92 87 ii 15'i 60 4 4 IP b5 97 "i 8H D5 30 25'i 24 110'. 41 37 !i 29 's f84 73 9 J 7 20 17', 16 '.j 92 I27'j 41 ',4 27 :0'.j I2' 75' i 52? 92 G'i 126 26'i 71 H SSM 43 74J. 0?.V. 6 ',4 14 'a 23 8' 914 23!e 37 ' 70 n 404 79 93 61 Vt 17 H 27 U 48 94 30 113 H 3Ji 15 C9 4 26 b5 l's K8'i 13 61 105ff. 35?i 16 65 21 14?i 33 57 Ji 11BU 115 1C6'i 63 I.G 4H 8!4 ItOJi ?0 83U 11 ': eeu 94 U 9 Today's Nat Clene Che. 54 J4- Ji 1714 .. H . 1 54 -! 64 54 5i ! 72 405'a 44Ht 47 54 -r 155 - 1254 25H 5i 139 r 15 107 80 J- 43 - It 3354 i 110 -117 87 54 7 54- 14H- f3 ! 97 5i 3G-1 71 H - 32 '4 - 121'i 63 Vj - 137 f 134T4 I 92 674 -1C5i V 1.1 '.4 49 55 97 ! 88 ' 95 ; 30 Vt r U -110J4 -41 H -I 39 33 5a I C9 -'-73 93 - 7 20 nn 17 : 92 ! 127? 41 Vs 27 -t 7554 E454 92 654- 136-36-7Hs -35 43 75 14 54 i3J4 2094 23T4 50 J4 i 80 f 93 -61 Vi -1794 27 48 30 -83? a -: 3 54 15 t9H r 26 55 54 108 -13', 'r 6154- 107 ; :6 ' cer. - 85 21- 15 33 - 58 V: 1 1 b i -: 11554- 10GJ4 63 26 4 8 157 -20 -8314 ! 11 80 54 -04' 4 9- 4 54 54 Vt "54 54 Plv. Sales In t 1200 1410 700 200 200 7 0 BTOC1C lllll ICenneeett Cepwr. . 29 J4 .. Keystone T ft R.... B'A S Krtige fl s 141 . . Lackawanna Steel. 7 51 "4 . . Laclede Ons of St L 63 !4 2 Le Ttllhher Tlr... 3 700 3U Thlgh Valley. 6054 '4 i 1 54 ' I !4 '4 154 I W u I H , Vt 1 "1 100 300 100 1000 200 300 11200 100 1100' . 1700 200 201 1003 400 3990 100 203 1900 2703 9200 92001 4600 1003 1000 200 3300 1100 100 1200 300 3500 5900 100 100 100 12 Llff ft Mey Class II, 16054 Lima Locomotive... Ill 7 Lima Locomotive pfllOH . . Leewe Ce 1554 1 Left Candy 13 .. Loese-Wiles Biscuit 40 .. Melntyre 2054 .. Malllnsen & Ce.... 1954 7 Manhat niev Guar. , 4254 .. Manlmt Ulee Sup.. 5794 6 Market St Uwy pr.- 31 .. Mar St Rwy pr pf . . 17 ? .. Marlln Oil ?6'i Martin Rockwell... 21 2 Martin Parry 30 .. Math Alkali ..., 3214 .. Mas Moter Clus A 59 Max class B...... 2054 I May Dept Stere".. 119 12 Mexican Petroleum 1 2 H4 20 Mlddle State" Cerp. 13 .. Mldvale Steel 3354 .. Minn ft St Leu!.... 10 Ji . Me Kansa ft Texas 654 Me Kan ft Tex pf. 754 Me Kan ft Tex (wl) 13H Me Knn A t (Wi pf 3491 .. MIC ft T 1st A W. 16 !i . Missouri 'Pacific. .. . 2214 .. Me-Paclfic pf 54 Montgomery Ward. 17 Mulllns Bedy 32Ji . -Vatlenni Acme 159J Natlenul Lead pf. .11054 aiim of M 1st pf. loin H l'i 394 94 94 54 54 154 94 ii H 94 M '4 v 1 '4 ,1 2!i U I 14 Hi K V '4 ' mi t rn 1 ' te id 1- . A Fed Min ft Smlt pi 00 , -2 - . TTIcliAr Bedy ,C6 106 10 . . ' in8rsi'erB0dfOp:93nf M 93 1, . F.k Rubb-r ...... 7 S 6 7 , Freeport Texas.... "'j '7 17 "a Is 2 I 5 I JUl .. Vnt T r. .. s. V. K: In,, ':.v en Copper... 15 .v O Tex ft Mex. . . . fi4'4 -V T Air Brake.... 67 54 " N'ew Yerlt Central. 87' i 5 .Vew Yerk C ft St L 63 2' t Xexv Yerk Declt,... 30 !i . . .Vew Yerk .V H ft It 21 J .New Yerk Ont ft W 2454 7 Norfolk ft Weternl03 .. -Vorfelk ft Southern 20 1 North Amer ctfs... 57 94 N American pf ctfa 4294 7 Northern Pacific... 7554 Okla Pred ft Ref... 2 Orpheum Circuit..'. 19 Otis Steel pf 53 Ji - Owens Bett Mneh. "-? Pacific Di'Vel Cerp.. 9 6 racific Gas ft Elec, . 68 Paclflc Mail 14 3 Paclfle Oil 5254 6 Pan-Amer Petrel... b55i Pan-Amcr B 4991 .. Paiish. ft Bingham. 1454 5 Pennsylvania n R.. 39J4 Penn .Seaboard Steei 8 6 Peeples Qa Chicago 83 54 P'.fn Marquette.... 2954 e Pere Marquette pf. 6354 6 Pare Marq prier pf 71 1 Philadelphia Ce.... 37 Vt 2 Phillips Pet T6!S .. Plerce-Arrew Moter 19 .. Plerco-Arrew Met pf 39 .. Pierce Oil 9 S Pierce Oil pf 53 .. Pitts ft West Va.... 2994 Pitts ft W Va pf. . 79J4 Pitta CenI pf 93 154 Tend Creek Ceal... 19 .. Pressed Etccl Car. . . 74 14 C Pub Sen Ice of N .7. E6i 8 Pullman 12254 Punta Alegre Sugar. 41 5J 2 Pure Oil 31 U S Pure Oil pf 99 J4 S nail way Steel Spg 9854 .. Ray Cen Copper... 14J4 4 Reading 75 .. Remington Typewrit 334 .. Iteplogie Steel 31 .. Repub Iren ft Steel. 254 2 Rep Iren ft Steel pf 7B .. Republic Metera, .. . 7T4 . . R T rtevnnliU 1' n. . 44 14 56000.20 Royal Hutch N Y...- T4 .. .St Leuis San Fran 29 1 St Jeseph Lead.... 13 '4 .. St li ft S W '29ti .. St L Seuth weat pt 43 94 .. Saxen Moter 394 . . Savage Arms 24 J4 .. Seaboard Air Line.. 554 .. Seab Air Line pf.. 9J4 .. flenn-Reehuek .... 7554 7 Sears-Roebuck pf. .105 . . Seneca Cep corp... 13! .. Sinclair Oil 2'. 14 8 Southern Pacific... 86 J4 . . Southern Rait 22 Ji .. Southern Rail pf . . . 54 54 4 Standard Oil of Cat 97 94 C Standard OH or N J 176 54 7 Stand Oil of N J pt 114 54 2 Stewart Warner Spd '-8 .. Stromberg Carb.... 4" 7 Studebaker 113 7 Studebaker pf 106 54 .. Superior Oil Cerp.. b!i . Superior Steel 35! 4 . Sweets Ce of Amer 4!4 . Temt Cern & P "A" 2!4 .. Tenn Cep ft Cliem. 11 '4 icxas te ;. .i',2 300 100 3700 100 100 3200 200 300 100 loe 150 1000 400 400 100 300 100 800 100 32300 2703 900 100 4100 800 900 1800 200 100 100 200 22400 7300 1200 300 2500 100 100 703 300 2430 2830 103 41 SO 100 100 230 2500 500 100 100 200 100 730 6 Gen Am Tank Car.. 57 .. General Asp"""--' " S General Aspha t pf 97 5b 7 General Cigar deb pt 00 5 General Klcctrlc. . . .17 Gener. Meters.... 10 6 Gen Meters &- 6 Gen Meters deb 6 79 U 7 Gen Meters deb , 92 .. oeodrleh B P..... JO 5. 7 Goedrich B F pf .. M . Gray Davis 18 U - f..n verthern uf . . if.'. Veb 4 Great North Ore ctfs 36 54 isn (-.iinntanarr.e Sugar. 12 , V H201 dltii'li of tlie Clearing IIets batiks at trust companies for tlie week shows that they bold Si:t,:i(l!l.0i;i) rc-ene In e. ce- nf lt'iriil reiiuireuieiitii. Till is a , ilecteiirp nt' !?:ii.'J(lLMIi!0 from last wed:. 1 Leans anil discounts tliuw expansion of 1 ?.(. -I71i,0fl(l. v.lille deiiinnd deperlpi lMint.,.,1 SI 111 4117. (Mill. With tin. In-. -. Fer one thing, the steel Industry in , cruised lliibilltles the tcserve civdlt many of it branches is gulnlii" tne- nt ihe reiler.il Kcscrvi; Hank deureneed "mentum, with n larger production at ' -' 1 T-4.4J04 1. resulting in the decrease , tj . . . In excess revert e ns Mated ubue. : f; many centers. Hepert 111 legnrd te iietniU follew: Ml, eenernt merchandise nini dry goods shev l!J 11 fair demand is cumlur into tlie mar- '.III lraf mid u'illi tills 11 .sil'ii i.i I...I . ..,.!.. M rr '. teeiie at. w :: " ...1..." : .',"."- ,- " 'c:t ' J 111: ttf iititt iiMin hi iiir n itiii 1 i:iiii 11 nnfA V ' J "in stocks have been light l-ir some time ' A ' ..rJw- . .i ' JI' " '.' Hene 01 impreveineiit 111 Heard 10 tiie r v '' leather industry is expressed by tv.Tir, . . .l. 1 1 .. t.. .1.1.. 11 1 Zv J 1 OX llll' ll'Ulltm 111 lllin Jllll'. 11 liil T .1 . . . . i ... . . . M,'' tne epilUDii nun uie worst is pjsr nnd VCif. that kteady Iinprevemem will fidlew n tW the demand is broadening and stocks e.ff'V. 130 330 500 200 2G00 2600 100 100 1030 12JJ 13J) 100 Gulf Stat, iieei.... Hnblr.Minw t-i v.noie 70 m Kv RJ. A I some are ii f t.Ortflte Cash In xaiill' a ti ,' ininl)M I aiu.M Heeene 111 melii t r I anil and renrve bunk Hei-Hfle 111 .Sl.il- 1 ... r k and trust fempanlr.1 . It. serv Hi Sti,i? linnkd and trtii tenipjny deperl terles AVI'.ltACiK This v;e.l. I. an' t T.siiT inn n.iise.tiiiii .'lift, Hall Ijnn ."IT.ltle.lB ii I II I SU3 HUH I I'J.t.UUU OHO ;2 91 I fiJH .'.'J17 bue I r.dj 3 is mi'' js' 0"" iCS.OijO 100 503 303 2603 3)3 .130 9.0 AM . . 100 C 05-0 .. iOO 330 . 350O . . 500 . 6JJ 300 H 8J 67J 200 . , Teul '' 19 76 1 16J4 7 54 I02i 34 3l'e 8 10 34Ti 78 G6'i 16?4 llendee Mfi! . Housten Oil... Hupp Motorcar " Hvdraullc Steel 7 Illinois Central. . Indlahema net ' ime.b Cen Cerp. . . lnterb Cen Cerp pf ". lntcrnat Asrlcul... .nn m. Tnt uemeiiv ,6103 'a inter Ceiiib 6 int jiai " - i. f.r Marine.... 6 Int Mr Marine Pt. V ,. internal aiu-.ui ... .- 1 int Motertrk 1st P'- 79 7 Int Motertrcl: 2d pf 74 7 international Nickel 16 9. . international Paper 46 , C Inter Paper p: 'P" " invincible Oil Cerp 19 Iowa central ... iron Products . . Island Oil Jenes Bres Tea. ' Kan City Southern . l.-en (MtV t-0 I)f . . 1 - - . T. Kansas & uuit ; . Kelly-Spg Tire ! Kelurv Wbeel 105 545 Hi" bhare". cemrei". "" 8 27 1' 38 94 i5"j 54 1 j 57 60! 2 97'i 99 94 157 10 9a 80 78 '4 91 !4 40 K4 1 8 '4 71 7e 36 12'4 70 2 "2 19 74 1G-j 7 'a 102 9s 3J,4 2 7-' 10 24;,, 26 90 'j 16'4 72 38 54 79 8 73 lb ',4 46 b7 184 7'a 16's 1 :84 lb' 54 5s 4! te 104'a 579s C3-'r 97J4 1 00 !- 157 54 10 54 1- 80 79 91 54 4054- U4 ; 1 3 54 72 -36 -12 54, -7094 r 2 !4 - 19 76 16 7!4 102 9.- 394 3 54-i 854 i 10 -34Ji 28 72 - :9 5i 79 94 74 i 1694 -i 46 1 67 19 a i 27 ' 1 38 U -IS'i -54! 4 - 4Ji 47 54 -i 104 54- 54 4 54 l'i i! Vt I ! 94 900 100 1630 603 100 2300 600 1C0 9500 103 1C0 4100 8)0 1430 500 1300 1700 400 200 500 16400 100 700 1700 2000 200 403 4600 330 2.60 Tex Gulf Hulphur... 42 14 800 .. Texas ft Pacinc... 32 54 3500 1 Texas ft Pne C ft O 2694 200 .. Third Ave 20!i 500 C Tobacco Product!.. 02 J4 200 . T St L ft W ctfs B 2854 400 .. T StLAWpfctfaB 39 1500 .. Transcen OH 994 100 7 Twin pity R T pt. . . 83 2400 ..Union Oil T8J4 100 10 Union Paclfle 1 134 54 500 4 Union Paclfle pf.... 7354 400 .. United Alley 'Jtcel. . 30 Ji 200 . . United Rwy Invest. . 1 1 94 200 .. Unit Rwy Inveit pf. 30Ji 430 6 United Retail Stores 45 500 . . U S c I P ft Fdy, . . 36 200 U S C I P ft Fdy pt 66 600 ..US Feed Products 5!4 4300 ..US Ind Alcohol... 47 1030 ..US Realty Imp. 62 Ji 1900 ..US Rubber.... 8500 C U S Steel 430 ..US Steel Pf.. 630 2 Utah Copper... 700 .. Utah Sec 1333 .. Vanadium Cerp 200 . , Vlvadeu Inc. . . 1 503 , . Wabash 14100 .. Wabash pf A,, 200 .. Wtibash pf B. 100 3 4 Wells Farge Kxp. fr3 54 9554 117! 4 6354 155i 39 10'4 10 32J4 20 79 10 18J4 20 1591 9694 'a 2 194 1 III MO shares jesteidie 400 , , Western Maryland 40) . W Muryland 2d pf 100 .. Weftern Paclfle.... ,00 2 Western Pacific pf . 100 7 Western Union Tel 203 4 Wcstlnghouse A Br 954 33U 4 We.tlng 13 ft M.... 57 94 100 4 West K ft M 1st pt 69 20J . Wheeling ft L 13. .. . 9'i 330 . Wheeling ft L U pr 20Jfe 1030 4 Wliltu Moter 42 1 J 4103 .. White Oil Cerp.... 10 94 703 .. Wick Spenc St Cerp 14)4 1230 .. Willys-Overland ... C!i 4J0 .. Willys-Overland pf. Jgi-i iCiu 4 Worthlngten Pump, hi 103 ; Wright Aero.. ,. 8Jt Tim fr this Ticel,, 4.765,700 nhares low 199 17 139 SI 54 63 33 U 60 16054 11094 110 15 13 39J4 19 1954 40 n 31 ,5714 2554 19 J9'i 22 !i 18 199i 117 11994 13'4 33 10 54 6' 7'4 13 J4 1654 22 ',4 5454 16Ji 3254 15 11054 10 Ji 5 15 63 67)4 (6 54 63 30 Vi 20!a 24 103 20 57 4254 75 2 18 55 Ji 3194 9 GBJi 14 49 5454 4954 1454 3994 7J4 83 29 63 71 37 54 36 4 17 37 84 52'.4 28Ji 79 Ji 93 184 74!i 85 12154 4154 31 9994 .9854 'l4Ji 74 54 33 5-i 31 52 54 . 78 7Ji 43 Ji t3Ji T894 13 54 29 43 3 24 5 9Ji 7454 105 1354 24 8694 229 54 9694 174 54 11454 38 47 1 1 2 '4 106 'i b'.i 341,4 3Ji 2'2 11 44 42 32 25 20 Vt 62 27 Ii 2994 9Si 83 1794 134 54 72 305a 11 9. 30! 4 44 J4 35 'j C6 52 4G!4 62 6254 95 J4 U7J4 63 15 38 54 105. 9 30 J4 20 79 9 10 20 5 96 94 9 54 '-7.', 69 9 20 54 41 ',j 9 14 8 .9'j Today'" Net Cloi Chse, J4 54 " '94 94 2 54 1 54 54 1 154 ii 54 54 LOUT HE 54 1 1 54 .' I I 8 9i Wheat May . . July . . September I'ern lluy July Sjpteinlti'i i uais ' , May . July ... tieutrmber 1 me May ANGE 'f swuio-sievBUlnn exchange is due te" d-' run 111 11 ntn. unniu nani ai... r .. . 1 - The market V :'''"" .'. u ' i.V ""..'" 'ri "" l Yera.nlc Vr. in the lead-1 country's flnanelul uffnlrs. niinfatinna 29 - 17 .. 141 154 5154' 1 63 54 !S 3354- 60 , 160 54 I- 54 11054 110 Vt 13J4 .. 13 40 19J4. S7 31 57J4 26 I 21 ! 2954 3254 r 59 2054 118 r 12194 65i 754 13 34 5454- 17 I 32 15 I 11054 -10J4 5 15 -6414 67!a 8652 I 03 -30 5i -2054 -24!i 103 20 -57 ! 42 7554 - 3i -10 -55J4 3194- 9 r 6954- 14 54 52!4 f 2 55 - Vt 49 14 54- fi 39J1 54 7J4- 54 83 - Ji 29 ' fc3 -I 94 71 37 54 3654 1954 38 8Ji -I- ! 53 29', 4 ! Vt 79Ji - 54 93 - 54 1854- H 7454 - Vt E6 15'a 122 - 54 41 54 - 54 31 4 99Je-I 9854 3354 31 5254 78 -7J4 4454 -S494 ' :8 i 1354 2954 -i 4394 3 24 M 554 4 9Ji 74J4 105 1354- 24 54 6694- 22- 54 54- 9794 175 114J4- 38 - 4794 11314 106J-4- i- Vt 34 J-i 4 5i 254- 1.1 4494 ! 42 325-4-26 54 zeii- !i 6254 .. 2854 154 39- 94 9H 54 HJ -r 18 134 54-72- 30J4 11 36 -J 16 5!4- 46 4 -62 -6234 95 54 11714 63 Vt 15 s8 10J4- 10 : 32 54 !- 20 -: 79 -9J4 1014 20 35 -9694-6952 5714 69 a ii . 1094 I4H 8 "4 -9!i 52 8 BROAD AND ACTIVE t l ' f! H 154 54 54 154 54 54 14 14 '4 1 54 '.. " ti 54 '4 14 54 14 1 54 54 54 Wek's Interesting Movement a Reflex of Premises of the Future Trading In the local Mecks continued bread nnd active in today's market nnd while some of the recent active leader did net make further headway, higher price were tins rule in the gemtlA Ht. The week's shiirp udviinee in t H. T invited cniiKldeiiiblc profit- taking in that Meck, but Ihe offerings were readily nbserhed With only u fractional shnil Ing of price te .10, which, hevnvcr,wiu 9i under yeslerdtiy's ten. lhcrc wnt quiet iiectimulutlen of Union Traction, l'ennsylvnula Knllread maintained n firm position nt 40. Philadc phla KJec trie was well taken nt aM caunllii; the high price of the e.ir. erk Ilnil ways made n new high nt 23, an over night gain of .1.4, wliilu tlie preferred lest n iieliit. The wider clinnges were regiMered by the Inactive stocks. I'll -mlelphin Company was ; up -h i Consoli dated Irnetlen of New Jemey 1 points nt riUVi, a new Jiigh record for the ycHi-; Itrlll Lake Superior whs ncttvi and biiewcu urguiintu .i .i pert nt 0TB. The week's movement in the local mnrket were uncommonly intcrerting nnd quite 11 number of the. morn promi nent issues attained new high prices for the venr. While this was partly in sympathy with the buoyant upward swing of tlie New Yerk mnrket, it was also a icflex of premises of the future. The spirited tidvmce in 1 It. 'I., for in-tiince. was built en the enrly reulizu reulizu lien pf the dividend premises Mr. Mit ten initdc te the MockheldcrH. a here wus, naturnlly. 11 corresponding im provement in the Mecks of the undei lying companies. In fact, it lias been rather idrange many have been slew In rfcegnlr-lng the improved pcrltlen these leased lines are pluied in the resump tion of dividend payments; by the ep-pmtiiiB- reintmnv. The uncertainty of thn nliillfv nf (lie eneratinir company te fulfill the terms of the various leases was the enlv oleild of doubt as te tneir invcKtment value. This surely Is ellml naled if the earnings of the leasing com cem pnnv are sufficient te warrant n dis tribution of 0 per cent te the share holders. , The. almost phenomenal transforma tion in the position of the Pennsylvania system In the matter of earnings, nnd the complete change of bentlment has come in for mere or less wide tllrcus tllrcus Men. Many nre naturally asking, wherees. only a few months age. cer tain interests even went se fur as te hint at a receivership unless conditions change mpterially. new openly assert net only is a restoration of the old dividend rule probable within a short time Imt there Is also n possibility of shareholders being reimbursed for the difference in the reduced dividend paid . Inst year. While neither of these state-1 inents came from altogether response I ble parties, yet it Is quite certain af tills juncture if thesu Interests had been n little mere guarded in their exprcs-1 slens a number of innocent stockhold steckhold stockheld urn might have nverted unnecessary hoc- I rlflccs made during the gloomy dnjs of last year, wlieli the mounting everhead: cost threatened te overwhelm the entire I transportation industry. s Philadelphia Stocks High I.nr Clese Net Chile. 4M Am Stores m Sj m- 1 Iaj- !, J "2 de 1st tif. 130ti W0 130 281) Am ltwys 87i S9i S 20 de pret. . 41i (lOtHth Stl 11 7.15s 120 Drill .T G. 42. 120 Cen True N .1 r.tl'.'i 10 nice Ster.lBO'a ISO's 150'sl 100 Klec Ster . new .... im'n mi is .'ftt ' .i"s 41 'i 41i.. 7.1ris T vs 41 1 u 42 . 0.-1 rAV: l'i 310 Gen Asph tK! 02 tft 11 vj ;;.. r.i vt 1 10 11 & n t nv- 2Tt Tns r, X A eTj JOflntcr l'ap 40.s 4' 4tiH 1010 Lake Sup 0'3 0Ts t'7-. 0 Leh Vul CI Sales 0r.i lOOtMe I'ae.. 2U'L 740 I'n Jt Ii.. -Hi !)0 Ih Ins W 30 105 l'hiln Ce.. IIS 10 de cum pf 3S'i 1770 rhlla nee 274 'Jltl de pref.. 27"ii 4730 PUT... 30 15 Pli Trait. 00 12.-tI,icrcc-Ar. 10' 50 Ten Hel.. lf 50 Ten Min.. its 485 ITn Tract. 40i 175 U G I.... 44 30 de pref.. 5'' 10fU 8 Steel 05U 1)5 W J & S 32 731 Yerk Uwy 2.1 500 de pref.. 30 05")i OlM , 307J 30 37'. 38 'i JO'ij 27's 80 Otl JO"l its iU 0.:i, . . i:4. t't :(7j is 30 .. 3S -r S'i 'i 27 U t- s 27.. 30Vi 's no .. l',4-!-lTs A III ',4 43- 52 1)5 U 32 10:14 :i5',. 40 f- 1 .. 52 . . W5U- 1i JO III -t-1 35' i 1 tNet thanire tnnde by cemiinrl'en ulth last ale en Ne Terli Stock Kxehanue Total nules. r.'.740 aharen, inmiiared with 3'j,ui)'.' nharte tterda. '1 hus f.ir thin e'!;. 1(S,!37 shares. l'lHI.ADI'.IJ'HIA HONDS 2000 Liberty 2d 4Vfs '42.... IiS.CS' 17500 Liberty 3d 4,Is '2, . . . Oil. 50 320(H) Liberty 4t'i 4ViH 38.... OS. 82 ' 1000 Liberty 4th 44 MS.... ilS.OI I 2 '000 Liberty 4th 4'.is MS US. 14 K000 Victory 4:hs '2:: 100. 82 1000 Am Gas & Klec 5s. ... S4 1000 Del & Hudsen 5s .... JUi, 2000 Klec & Peep 4s 00 1000 Klec & Peep 4 tl.y ( 2000 Lake Sup inc 5s 30 1000 Penna Gcu 4s SS", 500Phlla Klec 1st 5s H7 3000 Phllu Klec 1st 3.s 05", 13000 Phllu Klec fls lets let'... Total, JS7i000. compared with 1207 il.'.e w terday. Thus far ihla week, Sbli'.i.l'jn VOLUNTAKY lKU2)ia w ' . , xwt -jsmr ijr . $ '- ttet COMeiOSWtttfH rausr UILDINO iflAAAMA smnm ' wnm A TRUST FUND in any amount may be 4" '4. created bv the deposit with this Cem pany of cash, securities, mortgages 'or deeds te real estate under an agreement embodying such terms as may express your desires for its administration. This agreement may be revocable or irrevocable; provide for the income te be paid te you for life if desired, and, after your death, the principal and income, te such persons or institutions and under such conditions as you may designate. Additions te the principal of the Fund may be made from time te time. Your future and that of your family can be best safeguarded by the creation of a Voluntary, or Living, Trust. A small capital sum will start the Trust Fund. Our Trust Officer wlU. be pleated te furnish you with details of tMa serv ice without obligation en your part. COMMONWEALTH Title Insurance and Trust Company N. W. Cor. 12th and Chestnut Ste. Capital, $1,000,000 Surplus, $1,250,000 nrxesiTS received SAFE DEPOSIT IIOXES ' Established l$ TITMCS 1VSCREH TRUSTS EXECUTED SEMI-ANNUAL STATEMENT March 31st, 1922 ASSETS Cash and in Banks. .$1,008,915.47 Collateral Leans 6.063,227.15 Investments 5,429,540.07 Miscellaneous 86,951.37 $12,588,63406 LIABILITIES Capital Stock $1 ,000,000.00 Surplus 1,000,000.00 Undivided Profits . . 276,825.89 Deposits 10,312,808.17 $12,588,634.06 TRUST FUNDS (kept separate), $25,359,705.15 Wm. T. Murphy, President Clarence C. Brinten, Treasurer "There it a local advantage" GRAIN MARKET Vet close Opiti It .M, l.sj'i l na sn.ain i.3i I l-L. 11? f.t lit.. 1 t.ti . ,... ?; s...v , i.i-i 1.11 Te the Stockholders of the RAY HERCULES COPPER COMPANY: Tlie plan of reorganization of the Ray Hercules Copper Company as BAY HERCULES MINES, INC., embodied in our letter nnd Plan of Reorganization dated Decembcr 27, 1921, is heicby declared operative te take effect April 5, 1922, a sufficient amount of stock of the Ncv Company having been subscribed for that purpose. The "date of April 5 has been let at the last day for th deposit of e.J stock and aubtcriptien te new stock under the plan of reorganization. Ne further i.ubicriptiens will b received after that date. TUCKER, BARTHOLOMEW &. CO. 50 Congress St., Bosten. GEO. A. IIUIIN & SONS, 111 Broadway, New Yerk. Bellevue Court Wi!g Philu., Pa. Rli ORGANIZATION MANAGERS J V w. relic -ting tlie were: Hulgariun, .70; Itumanlaii, i. Sterling was .072; Serbian, 1.22: IV.eeho-.SIevftkUn. s Until, franrw 1 .00; Greek, 4.30; Polish, .0205; Kin- llclgluiis gained l nihil, 2.02; Austiian, .0I3S; Hungur- .Vul- Jui ,ftn!i nre being usipiitiu. .miuii thr- snnm .:,.:., .. Haw sugi s.ieu FOREIGN EXCH w i condition picvnlls In rubber and lubber 'p.i-nn . . T. se.e.sus nn.i n sir.n'jt nun J w y0ri April l The raw xusur nut . yer( vt 1, . . jr , .1 , nwtiiiifrH. iik will ill 111 uriiit,. n..n.. ' m. iiennsin . i.ii 1 1 .ii.ki , . i ,.i..iui . . . ... . ,,.., umi r.t(.aav Willi i utja ' Pi17rL,.triK ...., i,nr,i 1,1, i. u: ....'. VrJ nrrumtlen 3S.7nl iirte ns 70.1.000 I """"'".r... '..... ... n... upeucil dull and movements BBRm'w the last few yenrr. iiuhuud iis.n4o.iie) sj u; oe.i . ,,,.lBi rhtre- re no Haiei of fuiuH lug flasres were narre WBw&f Hulldlrig diwrntleiih nre extrusive ....,., 'y",trdi. but medi-rate leiutne or i,u si- vMH.k-i-nd evening uj Henvuil. n .. Kutteu-d way le Kh-(. Mt,, wc.k ! ?-, '"erinifuiKrlCA: ib' "'t? rBJ-tS urntnlfn of tircttv general i-nm nvmnni. -. m: nun mm it .-.ti hjh i L'P"""?.. ..i..2..... w-.i in.ir Lf ihe , ur-i.ni snowed ii gain or. -i, rmmmr ! . ... .... -...-. ." ..,., .... ...en,... ..-.", .- - -- .. .. i.t.,i.,..i.i .. ..., it ..... .... ..... ...,i., . j Ail. ill ti T- 'JH?' this SUtll ner, net eu.y in l lilc-n&e iAbbisi l "'? . . ' .::". ,iV-' month nt il.Bie . i . i" " i "it i"i va unu lire- rii- iii iiiuiiis. -. Oct.. "SSWK.f'iilti ,-if T.r." ' i .1... ll . 111.. . . "" ' .,;...'.. i., ...a... !l-aSB r."",. '. .,.,.. ... i-nmnlu. AmIi.I. f .,.! ...nr U- hw.. tin Ills llllilnr (lll lllff 1 . DetnUIld I.S7s. 11.02 n.lU lit. "'"" mtii,'t.''W.V Villages III mr . i.iii. MiK iirujeris hi,, n" ";.",' -".i New "r.n ; IV". '7....";'.'.h'.. . er ..nn t ".'."' "'"'.. ""." ' ' ." .'Vr J . ... U'aLlee . i.Ti e.n-ui r. i i" '.i'l. MLm.iis ,,eldJ'! Bel,.n.,,,:.,'.r,,!, : ) ' "i rv. "nkV - ,m iw .e sa oe r u.'Z"" ?&: v W&.XX.sVL uy I today ;,vinii 0 ' n K0B1MjBv laper COnuilleiiB, uui Iii'-ie uie lillernb e r.nerv in sii finin femnaiiv: 73nt) eage wn uoniineri ur.u i uiun- tuirs...... ii" " , Htarltnic leranr. n,.,,,,.,, papM'&.v,c,,,''V: -'--!,;::: &sSrrS '.i&'tssuws' west B-"m . W'yh Meney mnrket conditions lentinuet, , hunk, and tru.t I J'SHc' ie.i " i't cent for .h. Sterling cables -t.di d;wind4..!i,;t ; , cleminu quotations May !fe H&mfflt te be featured b.v ; lenient rates. , y"!"."11' "' i.M.emi s Sbli oed , ' " franc cebles 0.O2U. eheekH 0.01 U. ! lire Hj.jiinK mncr. l,ir. aitlMerJiSly' feMWpIe funds for I"-..-..!. JJ- .Jn,aiwi -u- 4,.M,if ,M u. . CePtlflcate9 and Treury Nete. ' ' 5'1(' nl"': '""gXi"' " $P. S'Stl-i Uv HH.' mimv' K ..s.au.U'11 III lllll iiurii, jiitxii u, nvi 111 11 ,1'S ,iii. HTF -HUT7 V-ll m ismmKi fil-s, ni' nn no 10.47 .lO.Ti r,7 i. in ( 3llil 10 1 ftl'. OJ in or. fi7', UO', :n',i l.tOs-j no-, lll't an", :n, 40 in in I le au i COTTON MARKET 1'ieneuK 11 0 m 17.1)'.' 17.31 1II.U4 1H.K7 id.7n -1S.IU. Oiicn 17.HK 17. US lll.flH lfl.RS ll). BO riii.ii 17. tS 17. Oh 111.1,0 in i)2 lfl.H'.' J.e I?..". 17 22 in.ss 1I1.S2 ll) 77 I If.v.. . 17 ini'ii li I 17..1J , ni.iis'anii i 1'i.ni I id S2 Wp take pleasure in announcing that Mr. Harry Dietsch, Jr. has become associated with our sales organization WURTS, DULLES & CO. Franklin Bank Building 1416 Chestnut Street EW YORK COFFEE MARKET t'-k.,r..fr.ii'rt!i In tlm stock markets. Ce! Puctleim are fairly geed. Unres quotee. OS' collateral at Chicago weie r, te r.cent: commercial paper. -4-) te , per t Olid ever Hie muni! r, n iu i jh-i- i Tlm- dfeuelts t'lrculatl'di t' S. dep n is deducted i!f.7 ."ih'I (Mm ljj,7ili).0lin :,r.ti7S.0in i?ii s!ti nun 'Iti 7i a nun ini. IIB'e 7-' 227.0OU I 'IU .lure t'Asi Juir DUTTER. EGGS AND CHEESE ..? Oi", .. ... -..-. (..-hi 1 .II1TTK1I- KflHV. Iln.T -. -TV- !PrV fr ngreult.ralpredl..ts are, eel,,-. ie,;-;f,nV'- $g&' T317, "'&' Ming tuiriy weii uiivr up rrvi-m ne- ,;,. natte, cm itni fairly well uiier me recent ne- ,;?,',r;i. nriHc ci4iir- iirta () te ei scorn). ' ,. ... , . ....... ..ni. .h .. ,., ,i ., ..n,, 1 1 , n . jWltn HVI-ailll.n. fi.iifc'iiN .,..i.iiv. - MR, eelHfiail.i (i- vuiiiimiiii nun iiel friitn, . ,mii eruer heiwc iTIBgrHoweiinprevrnirm i. r'JliH Ilarftly rteady neilta. B5.302 raiii!. I'MiVjjtlired. flrt, lOSglic. 0tCHHK?ElrrVaular. Jlaculpti, 38(10 bona. Qutatleai. (jnelianired, , tU )Je t4U Mch, t .".. June. Rit Sept., '.I.? lrh M.iurlly nam lf2.' 1MJ 1(1 J2 1022 1II2'J IU.'. 1U23,, 1112 1 1U24, 11)2.-1 A.led VltUl lOe 7-3.' a 07 Tlie nun ket was a shade ener in Montreal today with New Yerk ex- Hid I'M, J .,., ,.,. .. ',1 "- ' , ,,,, inn. l mi l.i.a a. en I'lmnsn at .1 per rent premium. I he ion vi a2.iii(i. lis (l sr-nunt en c.tmiilluii riniiis in ."sew DIVIDENDS DECLARED Oct Nev P Opn lllsb 11.33040 !i I SB 20 U.U7 fl'.U inu lii.tu inu'i ii, iii , 100 2.l-:i2 100 27.82 a.'.'e lnu in 1.' inn '.'.). i'.' ,1,SJ 101114 loon i8:i.4s inai. m:i. 4,12 10.1 i-in mn a-tri 4.13 nn 7-ia 101 ti-iA 4,1s .4i Mch.. 1920... 101 1B.I8 102 1-1B 4.1H P'xempt from fadaral normal imeme.tw. tAccentable for payment of Incema t Cm en data of maturity. rt Yerk was kllslitly firmer in lone ut 2T'S liu' cent Plllalmrgh rlteel f'einpany. 1ii.irtri $1.7.1 jn IITI pi nirrrr.i, I'.jmjll' JUIIO I le hie'-k or ItO iKeli rri .iin 1.1 IVnti Centriil Llahl and Power Company. mrtcrly of a7'l ctntii en common, pnynbla U.1AM20 H.21 Miticli Mild. 'I), in Nominal. I.OW cie . te .17 8.42 n,424f5 10.4(1 U.27 i.:iiias til 27 0 17 H.171MS tU.ls til. ill U 2H ti. I tii" 20 n iu ll 1!) 11.111 e. , IMe.ti 1 li 4u 11 II 0.41 1 0 311 U.2II (1 III II IN II. V0 tl J.i 11.20 U 20 I (' 2U I Safe Bends for Investment Halsey, Stuart & Ce. Inc. Additional Pam'tnl ,'.i.?i'ilu"'ll,f0.r!'e et hlflia 0el iiV,; ,.' n ll"'la for Corporation . l.reua . pf rulslnir additional cap t 1L11 V. .."'."! wU.' recalva the tint cen,ldr sllu 1 tl nt haa ,een elttier en an eperatln ?'., I1:1'1.'""1 "; baala. with a list et s.itfHrtnri- ulneVhnlders. ! Addrraa J 028, I.edffr OOlca The Central Kurenenn exclmnges. April 1 10 bieck or racore arcn 21, generally Hpenklng, were iluil toeuy nnu beinewiiat lrrrgular. Austrian, Serbian and Humanlnn were easier, while CzechnBIevaklan, Greek, Polish and Finnish were higher.' The Improvement tr BAR SILVER Domeatle bar allver waa unchanred In Ntw Tem ,teny at viine par B iWHc, off he, In l.onden Ud low)1, at 33', d. r eunce: ferrlan. Jh price mi BANK CLEARINGS Iluil; clearing; today compared yijth ter. cepending .day .t two r..r., Plllla. ..IM.0M.llJtTt.lWWT .";:,,, Seatuu ,. 5i,ii9,?n9, r.Y,soe,6a ...; AisCewnC land Titla BlrTcr Membam l-mu. tHetk Kichani, -f?i. C. S. PATTON & CO. : 1 nr.ir.IT MTB. '.gfl j uniuT Bentlt and uUt Mewbera Phlli HDcraaaarala tit 8tc curl hill bttr W. nw' G clil up new of) pa en, Inci IK Inti wit Mei met ceh 1 In i hole Ce tfrti ,cr: ' nek inr trai off r t i 10 i i 4 i ' li i s l: i I U! p : v i i ) I -; i i i 10 i it t 'i i i v I! s . , n 1. . iV I.VA'KWlfJPr . ' jh' i vi i. - w - , . pti., fijcmr . .. MS?; ?3&a$mml i I t I .5. -f-,.F .Mira "?A1 iff tawtimsmim'tm nr i t it iMiiaMiiii m air i ii 'at"T. cnr - j