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.
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COTTON MARKET
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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
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