t,f L
iV
' 74?:
mmssn arBsraiL
Macai
f v NitK. li' BtMtar tins As fatlirwai
v t-4.au far rrttmmmi of iTf r
fUtry Notes, All uf tbs a wr cent se-
anr
rtt rerl
w
ait. .Tims in in.
a ttjspenilen and Termination of
fists ronrrrslen r.rnfll'lf.In view
eell for the redemption of all SJi r
isle, Jim IB
Vlrtari
of tba
..- . .-M...I.... .. tl ftU ..
eu ler in nuriiiciun w "ti wi n
Victory Nena en June id. 1033. ana our.
atient te the previsions of aald Treasury IM
r : a a a eut 1 1 1 w nin 1 . m . a
.nn ..lrnulai. Ne. ISA. Ih nrlvllsea of
conversion of Victory Metes efelther ,erle
Inte Victory Netea .of .the ether aerlea le
fltrtby suspended from Kibrur' i l2-6
June 15. 12. both InWusJva. atid nn June
IB, 1022. will terminal, "victory Nutaaac
v!ei n sua lnlaHnhtift Itilal ufait.
five February 9. 1022. and nn ani aftlr that
Jute no convcratena cf the netea may be
aiaa.
a Detailed Informatleijiua te the praseata-
.imi mA iupmiimp nf ass nt rnt victers1
1 ann surrsnasr 01 at
Nttes for redemption la alven m. Treaeury
h.nilmiii( j,lp..,il.l Mn
iTB22. ceple.i of which are available tt the
u..im .ml th. lT.,1.r.l n.a.rv. TtflnWs.
"4l-.. " ""- . ... .. . .-J
(Blshei
of the
tnisneai a. ""-"t"VJ;
I A. . wuuuw.i.
Treaeurv. Prb. B. M.
Secretary
feTHR Hei.nrns or imiiirai.K wkht-
EflN RAILWAY COMPANV KOUR YKAH
' MX VT.n CKNT BECCBED UOLD M0TK9
1 DUB MAV 1. lMe.
Netice la hereby given, aa provided In
'article 4 of the agreement dated May 1. U!0.
betwean the" Norfolk Western Hallway
Company an'd ttie duaranty Trust Company
'c-f New Tork". Truetee, 'that the Norfolk
.Western Railway Company haa elected te
'redeem and pay en May 1, IBM. all of Ita
leutetandln four Vaar Blx per Cent Hecured
field Netea lisued thereunder, te wltt-'elaa
'fecarlns numbers 1 te 2S0O Inclusive at 101
at par and accrued Interest.
Ueldera of tha above netea ara requested
te present them for payment en or after
fay 1. 1M, at the Trust Department' of
the Guaranty Trust Company of New Tork,
140 Broadway. New Yerk City. ,
After May 1. 1021, Interest en the nates
wilt cease and the coupeni maturing after
aald data will become null and void. Coupeca
lue May I. 1U22. shuuld be detached and pre
sented for payment In tha usual manner.
NORFOLK WKSTBRN RAILWAY
COMPANT.
By B. It. ALDEN. Vice-rrealdent,
Dated February 20, 1922
ALEXANDRIA COUNTY LIOHTINd CO.
J-lrst Mortance B Per Cnt Hlnking Fund
Oeld Bends, due Jans 1, 1931
Pursuant te tha previsions of the Mert-
5 Ute executed June 1, 1011, by the Alcxan
rli County LlBhtlng Cemrany te the un
dersigned, as Trustee, te secure an author auther
ised issue of One Millien Dellar First
Uertgage S per cent Sinking Fund .Oeld
Sonde, due June 1. 1031, thn undersigned
hereby give nettca that It new has en hand
trie sum of $8753.0" In tha Sinking Fund
provided by aald Mortgage and that It Is Its
Intention te npply said sum, under the pro pre
visions of the said Mertgase, te the purchase
of said bends. Offers of said bends are In
vited, at a prlce net te exceed par, accrued
lnterert and B per cent premium. Healed
tinder" should te addressed te the Phlla
delrhla Trust Company. Trustee Sinking
Fund. Alexandria County Lighting Company.
Liberty Ilutldlng. N. E. corner Breed nnd
Chestnut sts.. Philadelphia, and win by p p
ived until 12 M. Saturday. April IS. 1022.
MIIUVDELPHIA TRUST COmJjANV. Trus-
teeT Hy JOHN C. WALLACU. Truasurcr.
Phlladebhla. April 12, 1022.
t.Fllir.11 NAVIOATION ELECTRIC CO.
K I It" TMORTtJAOK THIRTY - YK.K
MNKINO FUND UONDS. SERIES "A"
AND SERIES "H . . .
Under previsions of the mertcane rtnted
Julv 1. 1013. securing aald bepdr. sealed prg.
vesnls will be received until 3 o'clock P. SI..
Anrll M. 1022. at thi office. of the Pennsyl
vania 'jempnny for lnsumnceH en Hie; an.1
Orentlng Ar.nvltIea.Tnu.tcc. for the rt'demij.
tlcn ccx of moneys hjd In the Sinking i-uml.
at 'h leivwt price net evieedlnR the rsdvtnp rsdvtnp
tlen ir; ssirclfled In srijlb-inds end nccrueil
Wtcrct. of as many Wn.' i IB7.U02.41 will
piiii'inse. All iTP)Oia.la should b- uddreiised
te the iinrtcrsli:nid. ...
Tim PENNSYLVANIA COMI .NY I'On
INSURANCES ON I.lVlS ANL-ORANT-
INfl ANNUITIES
.117 Chestnut St.. Phlln., P.i.
Prnrnal for Sinking Fund of LcnUh Nav
Igatlcm Eleclrle Te.
FirTSHURWII AND WESTMORE
LAND COAL COMPANY FIRST
MORTGAGE B PER CENT OONDS,
Dl'i: NOVEMI1KR FIRST, 1023.
Pursuant te terms of mortgage, dated No
vember 1. 1005. 133. O00 of said bends, as
fellows, have been drawn for redempt'en
at risr and accrued Interest as of May I.
1021. out of moneya payable tn Slnklnt
Fund, when all Interest thsreen will cease.
HiTbt (Jolted Ptat.es ei America convertible
Sold Wet. e fOM-lSM.. otherwise knen as
l4 Pr ". vlclery Nitaa, are harAr called
?r fediraptlen en June IB. 1022, pursuant u
ihi orevialon for redemption contained la
the ne'ee "i Treasury Department clren.
ir?(v"' dated. April al, tin, under
wlilefc A net?. wrre erla-lnafly Issued, In
terest en all Victory Netea nf the S par
nn mil latin via hiu ifuciuuiiua
viz.:
11 144 320 010 127.1 K,31
H3 227 714 1)12 1S7'. I'W'l
S3 228 70S 043 1307 17J
120 237 800 047 1310
127 210 828 0111 1B41
130 318 Oil 009 15(2
AbevA bends, with all unmitured coupons I
attached, should lx) prcsenieJ ler patient 1
st thn nfllrs of the trustee en or after '
May 1. 1022. 1
CilKAUI) TRUST COMrANV, Trustee I
THOMAS S. HOPKINS, Treasurer.
riilladelphln. Ta.. Anrll 11. 11)22.
EASTO" OAS IVOKKN KIKHT COS.
SOI.U)ATi;U MOHTOAOI; 5 I'Klt .
rr.XT hends, nuu july 1, idje
The unilerslimed Invltea tenders of nhev
hfjnds for sale and delivery as of Auxusc 1, !
Hhi'2, nt n price net exreedlnr: lesi Hnd
accured Interest, te absorb SU1U2.0O, a stun
new available In Sinking Tund.
Sealed tenders, statlnR numbers of bends
erTereil, addressed te Ulrard Trust Cemnsny.
i"rutee. Slnklnic Fund, nasten Qas Works I
First Consolidated Mertuaife Flve Per Cem I
Bends, will be received until It in., Awrll I
17, 1022. 1
(illtAKU TRUST COMPANY, Truster '
THOMAS 8. HOPKINS, Treasurer.
Philadelphia. Pa.. April 1. 11)22.
'J UK I-AM TITLE AND tTTh.ST t'OJU'.Wv
-Murch 31. l'J2L'.
t'arltal le.OOO.Viiu.VO
SurplUH s.oeo.oon.oo
Undivided profits 1.321,773 20
The Heard of Directors nf the I.and Title
end Trust Company lins this duy declared a
Quarterly divided of Six Dollars per shure.
jiaynl.le Mav 1, 1022. te Mockhelders of reu-
sni ni .1 1-. 111,, .iirn u, iu,;i anu naa trans.
furred .ll.OOU.OOO te the SuipIuh Account
In-
trcaimff me nurpius te sio.uqu.ueo,
I.10W1S I'. OKIUEH, JR..
Treasurer
Proposals
IIKI'AKTMKNT OK PUtll.ir WOHKS
IIUKriU OF HIGIIWAYH
Iloem 332. Cltv Hall
Philadelphia u
ritKD C. nUNIVP.
Chief of Ilureau. April 10. 1922.
sealed proposals will be received and
signed In Iluem 210. City Hall; at 13 o'clock
aeen, Friday, April 31, 1022 fer:
Oradlnir.
Asphalt Pavlnir (Assessment Werk).
J'euntry llead Improving.
Itedressed Granite Illeek Renavlnar.
pradlnc, Pavlni; and Kepavins Yerk llead.
Improvement et Delawnre Avenue.
Materials for Repairs te llrldgss.
' fill for Mesquite Kllinlnatlen.
League Island Park Ilathinw Ilench.
Air Compressors nnd Air Lift for Twe
Arttvlan Wells.
Tller.trle Meters.
. Shene Hewaue HJccter.
KJecier Chumber.
Omnerllnir and Discharge Piping-,
-..Dt. v.iQnniiijf division,
Push llroems and
Spindles.
J. .'larness and Cellars.
F Caps.
I Hleckmen's Carts,
Street Dirt Cans.
waaen Scales.
Ilcfllllnr Breem
'n
.."tfi
aBen springs. 1-
, Street Dirt Pans,
uinulre at Roem 32, Cltv Hall.
FRANK II. CAVH.V,
uirecier.
"Mi1 .u .P T1IK RUM.
M. KSTATK TITI.K
l.V.L ''"CK VNI
ursinut hi
ni-
i-niiaiieipiiia. Anrll 11. 1002
A quarterly' dividend et M per share and
n extra dividend of M per ahare lm" Lm!
Msri,'diX..,".a "ertnJ w? Wl"eotersmpayable
date,
OANIi:i. HOUBKMA.V,
reneurer.
INTKUNATIONA I. PAI-TuTcOMFaNV"
In. r.nn-H -?WJP.-LSL,"I-S..I2?.
renlar quartef y dividend if 'SnTSSTi,
ltlcP,J"!,i ,ilV4' en lQ irefarrert eapitli
1S2 i,r."l1' eempa-ny. payali 0 April IS
ti. 'i-tu ""'efrfJ stockholders of record at
tU close of luislnexs April 7. 10'.'" """'" "
OWBN smjpiiliitn. Treasurer.
emca or t'pnna. saw iiiu"
thA rt""'1"1 0' the Heard of Directors held
. mi. te ItnlVKS!! ""eiv"'' t,a.'i" A"r"
"Jr,ch,.ck,.0,,!,0lt:r,mo.'iieedcerd M"rch 1'
J:"lle.lphla. afarh 8l!'Tl".:.7r,"Ur'r'
-ASSL3'5rJJj'a,i
& Vii.?KAh TATI! TITLK IXSL'K-
'';.". iiiKKi'inA.' TKVST t'05U'tNV ,K
l'cMm.'N"J"W. M"'tlnt nf HliirMielilers nnd
trtli. , V .t ,0M' e'elwk neon, at ll.e
it 01 the compeny, r.S.1 Chestnut .st.
' I tillAltl-KE H. KINO,
mjM.:imvmm
WteVKSPr
NEwYb'RKBO
tflALBs'm $10001 A
Ariranep'e 7e
8.... 100'
K Blg"m rets
11.... B!
2S.... 90
8..... 09
1... 101
D Canada '81
B (flat) 08
2 08',
18 08
Dutch B Ind
reta MT
20.i... 04
3 04
3 04
13. 04
Dutch E Ind
rcta 'C2
0...j. 94t
1 04
n m
e... 107
B.... 108 H
"!...., 107
2.,,.' 107U
City of Barten
a reta
4,... 1NHJ
'1...I 110
Kingdom Den
mark ct Os
1 08Tt
2..... 00
l.i... 08
8 084
City Derd'x 6s
4.....:, 87
2 88
City of Copen
hagen BVi
S D2U
1 024.
Kingdom Den
mark ct 8a
1.... 112
2.... 112U
23.... 112
Cl(y Lyens (J
'- 88
1 87
8 fi7
2 8H4
City Mars'
i 87H
3 87'i
City of Perte
Alegre 8a
2.... 104
Cty Rie da Ja
rerlj 8a
K of Nether
lleva't French
lands ct 0,
R 7,Ha rets
1...
04,
04
14.
102ti
102H
102H
102t
102
102
42
10....,
r,..,..
is
1
1
It.
10.'.
14..
04
114
04
04
04 H
04
04 U.
N..
102
Geve't F R 8s
20..,. 100
K Sweden 0s
10.... 100
10.... 100
B.... 100
1.... 100
1.... 100
Paris-Lyens M
104 K
0.... 10(1
0... 100
20.
1.
10.
3.
104 V.
104H
104
104 H
104
104K
104i
1044
Or'd Trunk of
can 0s rcta
1..
102
B..
1..
B..
fi..
1..
102
10214
102
1024
102
102 v.
us wl
33.
83
M
83
h.'l
83
83
84
8U
81
81
81
83
84
84
81
84
84
81
84
81
12
2..,
33...
e
'.'.
23...
48...
B...
20...
25...
18...
7. 1
B...
fit...
10...
n
is'. '. '.
3..
r....
10...
1044
101',;
n...
1...
1...
i...
1..
0...
B...
1...
i'i
10.'.!
1...
104
Jap aove't 1st
101'i
104M
1 00
A(sale) '1)0
1 00
104
1041',
104 ti
101 'i
Jap Oiive t 2n'l
...,.. 80
2..... 80
104
Jap Qeven't l
1041,
1.
73 M
104 'J
104 W
104
II..
n
is!!
in..
87..
10..
11..
73
7n
7B
73
73
78
T'lW
70
70
70
70
70
Cty Man Paule
8s wl
1.... 10A
City Toltle Os
72
Queen U On wl
1 72H
Ctccho-Slevak
Rep 8a wl
2.... 101
12(flat) 101
0.... 101
10.... 101
2.... ien:
00 ti
0...
B...
...
10...
1...
8...
2n...
n
27!!!
10...
no vi
no u
09
00 u
00
03 V4
00
00
00
00
09
K Helulum As
2.... 102
10.... 102
O(sale) 102
K IJelg'm 7s
Queensl'd Ext
Lean 7s
.... 108
1.... 108
B.... 108
1.... 108U
B..
108
1..
3..
8..
3..
107
108
108
108
107
108
107
107
107
108
107
108
108
103
Rep Chile '20
10.... 102
Rep Chile '40
1.
2.... 104
1.... 104
4.... int
0.... 104
4.... 104
Dept Seine 7s
2 Ofltt
20 04
2 00
1 00
D Canada '20
3 00
13 00U
D Canada '20
1.... 100
SO..
1..
7..
1..
1..
a..
4.:
3..
R'c Cuba 4s
n .0
Rep'e of Uru
guay 8s
1-... 100
2.... 101!
JLS-sjjiagnssisssssssssnissisanrsssf.
CALL OF THE TIMES
An InvPHtmrnt po?3enlnr; ex ex
trcme characterlrtlcs of safety,
a substantial yield te meet the
exIpenclcB of hlch llrlnp; costs,
a demonstrated earning record
covering a period of yeara nnd
n management of uncommon
ctficlency.
We offer a first closed mertrrage
lendjf a corporation which lias
lieen successfully opsrateil Jer
Rl yfars and which embrace
all of there ftatur?s.
Circular A. IS. en icqur.it
Fairman & Company
Drcxel Building, Phila.
Established 1002
Correspondents
Lavrence Chamberlain&Ce.
US Breadwny, New Yerk
:ssBssjssASSsasssiussissss riri vrrai
Are Yeu Lesing Meney
en Your Ceal Properties?
-TMsgssjpjfiK'1wy
332 Se.
Vptrating 36 Bitumineai Mir.t in 11 Fitlis
BHMHHaaiHaHHaj
aBBBBBBBBBBBBBBBBBBBBBBBBBBBBVSJQsTQeVffVBBBBBBBBBBBBBBBBBBBBBBaBaBasaaaBSBBSBBSSSSBPSBSSA.
When
Your Children Are
at Scheel
it's a comfort te knew that the safest pos
sible school building will guard their lives
from death by fire.
But has your children's school been made
as firesafe as it might be?
Concrete is acknowledged te be the highest
type of fire resistive construction. Schools
everywhere are being built of Concrete te
secure the maximum of protection te the
. young lives of the community.
Our Boekftt 5-5 Ulli all about CencrtU
tchoelhouitt. Wills for your copy
PORTLAND CEMENT ASSOCIATION
Finance Building
PHILADELPHIA, PA.
cA National Organization te Improve and
I
e4 National Organization te Improve and B
H rui.H J it. TTm .C f. --.- sal
Extend the Uses
u iiicnu mc wcj uj vintrcc I
B Offices in 23 Other Cities fl
H U
0 Perte n S
17s rcta
I B 07
1 07
State of Sae
Paule ct 8s
1.... 103
B.... 105
B . .
B. . i
1. . . .
1
ia
16.
A
14
8
47
Chicago Mil A
fltPgm 4s
1?.... 85
2 84
2 8B
12...,. 85
1 80
Chicago Mil ft
St P cv Bs
8..,.. (10
10 00
S 70
2 00
6 00
O A Nwn 3Vs
1 7B
Chi A Nwn 1 7s
1.... 111
Chi Rwy 5s
2..,.. 80
c n i a p fd
B 80
8 80
10 80
0... , 80
47
'47
47
48
47
48
47
Swltz'd Cen 8s
48
8.... 115
.... 113
20.... US
Atlande Ref'g
ct Olti
2.... 101
1.... 104
U K Urt llrlt
I'd 1S22
B.... 107
B.,.. 107
2B.... 107'.i
O(sale) 107
11..." 167
1.... 107
1.... 107
U K Ort llrlt
A I'd 1020
10,,., 107
2..., 10.7
8.... 107
25.... 107
1..., 107
U K art Itrlt
A Powder 7s
1.... 104
Dslt A Ohie cv
0 81
5 81
B 81
Ualt A O 3s
BL'V
Rait A Ohie 4s
25 80
Halt A Ohie H
B.,.. 88
2 08
2 00
01..
8..
0..
80
80
80
80
80
B A O P L B!
A W Va 4a
A I'd 1087
10 78
2 78
8 78
7 70
1 70
8.... 101
IB.... 101
B.... 101
Chile Cep'r 0
8.
80
80
80
80
t0
80
80
80
.. 101
10...
4...
2...
4...
1.
8.
3.
2.
3.
17.
n
U3
f,.
10.,
4,
,. 101
II A O Tel fil
.. 1U1
.. 101
.. 101
- 101
.. 101
1 83
B Steel 8s '30
It... 01
Eeth Steel 0s
10 00
3(sa!)
10... .
B
10
.. 101
H Hap V ct 7a
0 84
Buffalo Rech'r
80
80
rrrasll 8s
.. 100
.. ini-v
. . liw
.. 100
Chlle Cep'r 7a
A Pitt 4U
1 80
0..'.. 101
Cuba C'e a ev
a.
Csnadi n Nthn
1 84
X! S Mcxii.i it
2 f.7
0s rets
10..,. HO
Cum T A T 0s
2 01 i,t,
Den A R e fd
16 40
3.. . 17
80(sa!e
r.
B7
37
Canadl'n N 7s
!.... Ill
Caaa'n Pne 4s
r. 87
7 . . . 57 ,t
10,.
78
2 4714 I
14...
v 8. .
.
5.'.'!
5...
IB...
78
78
78
78
78
78
Del LMI Ce Us '
U S Mexico it
:.... 102
1 03
1 fflat) 05
3 (flat) 01
8 OB
8 04
IB 05
80.. .. OB
D de Nemeur.i
Pwdr 7s
8.... in:i
l.... 1U."
1.... 10511
Ctl Leather ,1s
2 00
D.uq Lgt 7s
,".... 100
Erle Oenl Lien
Ctl Pacific 1st
U'd S Mexico
r 85
Large Ba
8 00
B 00
1 01
no 01
Cere 0 Paa'i
4.
0.
Bl
61
01
B2
32
r.a
62
V
t"l
31
B'J
52
52
52
52
58
52
52
02
62
62
63
52
Cep'r 8s
1-... 114
7.... 114
2(sale) 114
10.... lis
20...
10.,.
25...
17...
Adams Exp 4s
1 70
AJux Rub'r Bj
11.... 100
C'k A O cv 3
1 00
1 00
10 K0
10...
a...
10..
8...
Am'n Agr'e A
Ohm 7
.... 102
Chi D 4 Q ft.
1 08
8 DOV
7 00
Am Cot Oil Bs
no...
1 85
20...
14...
1.1...
13...
17...
a...
Aran S A R Bs
Chi D A a n.
1..
oetpi.... 101
B 00
American Sug
U U ft QS
S.... 104
Iters 0s
a, .
13..
1..
10..
25..
104
104
104
104
104
101
104
104
104
1.
08
4..
25..
D8
08
03
118
09
09
08
08
0S
12
34
20
1
3
ti..,
SI)..,
20...
1...
35...
1..
2,
20..'
0..
..
63
; cv A
48
Erla K I:
18
1
H4r.
48
C A E I Bs'Bl
Erle n R cv n
7(sa!e) 08
3 mat) 0S
Am T & T clt
2 110
8 00
Am'n W V 0,
1 83
1 83
1 81
Amcr'n Water
Works Ss
1 75
ATlSrl.
a .... 87
0 87
At T S I-'..
Arts cllv 4 '4s
1 08
Atl'e Fruit 7s
4 48
11.. .. 48
8 JM
3 70
1 70
5 711
Erie II it cv D
Chi fc O W Is
0 50
2 60
51
Erie It tn lata
3.... 103
vJLv.;.. l
8 03
Chicago Mil A
ri l-aui 41
5 78
Chicago Mil A
StP cv 4s
1..
14..
4..
3.,
3..
5BV Krle Hly Ce 7s
JI 3.... 103
"2 7.... 101
's nrln A Jer fls
EMI M
'" ,1-ram'n Indust
1..
I..
5..
CS
Dev 7s wl
Chicago Mil A
StP fd 4s
2 03
7(snle) 03
G 03
5 00
2 00
10 00 4
20 nail
10..
1..
10..
40
47
47
47
T'i
47
Uen Elee 3s
1 78
Our specialty is making
money out of coal property.
Our records show that we
have done it for 39 years.
Give us the chance te make your
coal property make money for you
COAL COMPANV
Feundtd iB8j
Michigan Ave. . CHICAGO
With Annual Capacity ei 21,000,00 Tens
1
I
.
I
I
,
II)
I
I
of Concrete
BBBiricliaiHlllsJI iSi'UFII
iawnn.jt mm-
OetM'i Blab Bs
L !!- OS
OenaLEIe lis
dt . ...
40.....
7......
10
60(aale)
SB
OS
84
B4
64
84
B4
54
n 60
6 00
St L A 51 Fran
..., ivnyt
Ooedyear T A
erles A
B 71
1 72
B 72
I.....' 72
Rub'r '81
a....
3....
a....
10.. t.
leas
102
102
64
lBO(sale) B4
in r.4
St L A S Fran
102
IV C4
16 64
Series II
1 85
1 88
S 63
4 85
2... i. 83
102
102
8,...
5,...
M K A Tex 44
102,
IP..... 78
5 77
80(sa!e) 77
1 78
4" 78
B 78
4(flat) 102
3.... 102
10... 102
3(asl) 102
18(sale) 102
3,.,. 102
18.... 102
St I. A 11 Fran
Series C
3 08
U K A T 4fl wl
St L Sew'n Ss
B 6011
2 80
10 80
).... 102
17.... 102
l.-i. 102
fM K A T 64 wl
10 83
0 83
2 83
2 88
St Paul ARC
Line 4s
1 70
Ooedyear T A
Rub'r '41
1.... 11B
7...-. 115
1.... 115
2.... 118
23.... 113
t(flat) 118
Seab'd A L nj
M K A T 0s Wl
B 27
10 27
10 27
3 OS
10 00
M Pae R R Ik
Scab'd A L fd
6
04
A4
1 44
38 45
44
lO(sale) 43
10 45
1
1
18
8
2
2
5 !).....
7
1
10
10
2
Granby C Ml'g
04
04
04
04
04
04
04
05
05
04
64
e i' ii
2 03
Great Nerth'n
9 A L 4s sta
Rly 6s
2 68
10 88
3 B8
1...
80
00
00
07
00
00
00
07
00
00
00
00
07
00
00
07
l"l
07
00
00
0...
:
3..
a...
33...
2...
Smb'U A L 0s
17 00
2 00
B 00
80 01
Me Ment
10 80U
Sinclair C Oil
Ntl Rwys kltx
Cerp 7a rctii
4 or '67
1 30
1 30
B.
08
08
08
08
08
08
UH
flM.
ns,
08
1)8
08
01
OR
08
1..
1..
B..
1..
n
4.'.
5..
r...
3.'.
12..
fi. .
n
N Orleans A
1.
10..
6..
1."
3. .
N E'n 4s
1.. .. 83
New Or Tex A
Mexico 5
1... . 08
N Y Cent'l
6.
10 6St.ii
Ort Xn Rlv 7k
.V Y of I nc 4
1.
108
0 01
107
107
108
N Y Ctl Bs wl
IS..
04
10.
10.-.
10..
10..
14.
1.
12.
l'l
04
04
04
04
Sinclair C OH
103
108
108
Cerp 7s
1
1031
10..
8.
0.
10.
4.
17.
3.
81.
B.
103
103
103
103
103
103
109
02.1.
2B...
. .. 04
Cent'l fls
.. 102
.. 102
.. 102
.. 102
.. 103
.. 103
. . 103
.. 103
.. 103
Cent'l 7s
N Y
4..
O
B.'.
0..
12..
3..
20..
b!!
103
Je'n 1311
T 3u
03
Se'n Pacific fd
3 NT
Se'n Pacific 4s
N Y
1 81 :
1.
. . 100
Edl'n Ce
S'n Pae cv 4,
N Y
0 00
10 00
5 1)0
l nn.
0s rets
1..,. 110
1..1. 110
N Y Rlrs ct 4s
3n Railway 4s
10 33
B 08
B 00
33 00
12(sale) 00
N Yk Rlys 3s
3 0
5 0
0 10
1
1
16
10
00
00
07
00
N Y niy ct 5s
70 0
25 O
N Y Tole 4 Vis
3
06
5 70
Hn Railway 5s
N Y Tele'a '41
1.
04
1.... 103
1.... 103
, 8.... 103
S Rall'j-
a4
1)8
oe
00
0'
118
3..
3..
14..
5..
1..
20..
3..
n
?.'. '.
no
no
dit'i
MM
enu
niUi
18
1
wsaie) 1U3 ' "
N Yk W C ii '
Hest ia is..
4H7 I
lllll
fi(sair) 48VMand'i'eii of '
enu s no
C'nllf
0014 Nfk A W'n in
1.
len ,
' U 0 87 iTMi-J Av ul
I it Marine fl. Kfk i W cvlsl 10 a,
8.:... Dfli; 4 mat. 1 -.,
17 Dfl tt North Wrstern in ,'i I
0.1... 00
Beii t 7s 'Thini Av . I
Int' I Pap b Ss
s.... 107;, n (-, ,
S 84 4
s-m
Kan c Ft 8 &
Memp 4s
10 78
.1 78
6 7:1
7S
10 70
Ksn C S fis
n S7;
10 S74
K C T Rlv 4
8 8IU
Kelly Hprlntt'l,
Tire 8s
. .:i ..... ....
. 10. i .Tldew.ttr lit!
.n-,' 'w. i ...
J.... IUT Ce Ct flU.
107
iv . .,
Ce ct 0ts
..... 1071;
a.... 107U
3.... 107U
N Paclile n 4s
2. ... SOW
1 0 s.m
11...,. R5U
20 N.'.li
0.... let', I
1,-.. 101, I
85... . uu-i '
Teledo St L &.
weat'n Is
t ns
3 CM,
Union Pae cv I
i 04 ;
Union Pae ftl I
10 .. fifl'i I
Union Pac 4s
Out Pwr Nleu
'alls Ss
10 no
Orecen S L 4-
i. ... nt
nm
til's '
Oli I
l.... inr.VOrciren 3 Linn
iu ian;c g ii
1. . m.-,i,
). . leaij
Unt'd Drus gi
1.. . 107
Ut'tl Illy I Ce
fl Tran Bs
1... . C-,
Vi 8.1
"0 S3
U S nubb'r lis
1 88
3 .. 8S.
1.. .. 17 tuar'd as
- 107 I ei)'.
... . 107 Ore-W U n C'
Lack .Stee '2'1 & K Ce 4s
. 1 05 4 1 7Mi
L. S .M H :m I,. . 7Ti
I T04' SO... . 71)',
1.0 ke Hlieic Ml ft. .. sn
a n 4s '31 Pan a Petr'm
P2
. T Ce
!.' . . niv.
l 08ti
Pa It K 4s '48
1 n.
Lehlah Vnl.fls
r ' " ' v '
88
II.... 10.H,
& Jlyers .Is
- e m 4r,u S Hub 7Hs
2 S8S 1.. . joeu
I,
' -' OSTs
I L lid It Bs 'S7
, 78H
Pcnna R r r.sU'd 3 Steel Ss
3.
'l 20
102 Vi
lf24
102 U
102'4
102 ;
102
102 U
102
102
102'i
102
10m:
B 79
W. 21
Lfiillluril C (Ss Penna lid (Pj,
....
4
1 .
10..
1..
ft .
1.
8 .
1..
n 0.1
107"
L A Naah AH a
4.... 1024;
I.... 1024
I.e i. Nash 7s
1.... 107
Mnnntl Suar
.... in7t
1.... loon
10.... 107U
Pennu n It 7s
.... 107W
1 in7t:
Ce 7 Ha wl
10 100
Man Klev'rt 4s
l(mle) (17'j
1 ;... r,7Vi
Man'u tie I, Is
.. U2
Market St rtly
$1 Prnt. ...
Pera Marqt 4i
2 79
Pert Slarqt Ks
1 OS
Utah P 4 I. Si
2 02
4 02 U
1 05
1 11.1
C(saln) n.1
1 (IUt 05
Phlla Itlys 4r
Ve-C Ch 7 'is
10. .. B7H
H. ... 07i
1. 07,
B.. . 07.
1. 07 '.
-. . ..... ,nfc
t . en
a 63V
,?" , .. !'7 iPub srv nrr
Market .St Illy N JBy C,
4 0
Prun ll
- .. 8.1
;Vh u,i Cr nj
4. 0(1
7 . 05
1 . 8.-1
Reading Ce 4s Vh it! s w m
n
Mex lrriB 4Ws
Itle (J i' iv 4s!lVaba'sh II "at
itwy 4a IWest'n Md 4s
.... 4.11,
.IMsale) 43',
lll'l S A Or Bs
0 87
1 . . 87
Mllw'e Uan 4s
1 01!i
1 ... 01U
Mln & St L 4s
1 40T4
1 .... 4Ui
S .... 40't
1 40',
1 .. 4fllA
... Ml ' s
St I. I Mt B "
in;
(id
cn'i
Q dlv 4.1
K U' I'.l.. n,, '
st 1. i-s rj !,... 09'
t..
I)i
Westlnsha's K
0..
10..
10.
60 .
... .04
.. 80
.. 70'4
. .. 70Ts
. 7974
b fi F In
. . . n 1,
... flOt,
.. new
. ., nes
... ooh
. . . en Ii
. . , no ii
. 9'i
U iite 7s
r. ioe'j
1 10013
Wilsen Ce 1 v
, 2 Sll.
Wilsen Ce lit
1 A()Ti
1 07
nilsen O 7 Ha
1.-.. 100
2.... 100
1.... ie:i,
1.... 100
" 1004
JIHtP 4 a Htel.St L
.Marie (H,s
I.... lOUj
.... 101;
1 ... mm
.1".. . 101T4
UKiTuJwl
r.4
.-,(
1 :M
P. 31
Ull.fiS
DD.7S I
wi.ne
Lew
D0.4S
0D.7O
ll.44
0D.70
Hud A Man fd
B 81
8 81
1 81
8. ... 81
1 81
Hud ft Man tn
1 53
1 58
B 58
8..... B8
Ills Central fd
IB 80
7(sale) 80
1 80
Ills Ccntl B
8.... 100
Ilia Steel 4s
8 00
Info Met 4s
8 18
Int M ct 4,
10 13
6 15
Intb'e BT M
3 0 00
1 00
1. ... 00
0 00
1 00
I.II'erly .'!! ...,1(10.00
Liberty Ht -Mh. HfUs
'Liberty 2d 4',h.. HO.r.O
, Liberty 3d 4k.. i)f(.7i
.Liberty lth -l'.s. DD.80
111.70
im.,0
1)0.71
.1, 1
10 Aetes Ha. lilrtni 11,. .... .""'
viexote3.s.::i;ie:8sj;;nan
Rewrve Banks' Dleceunt Rates
.r..'TilCe.errv'e1i;SXtnrraeUa'.",tol,lheW.7,v' '
Treus.
Tl h i l t vs.
cirs,
.
''t
: V'
:
. i't
bends, pniwr. accert
1". Xz
'Bosten
New Yerk
Philadelphia ...
C'leelniid
i lllrhmund ....
i Atlanta
i.'hlcsKii
HI. luls ...
iMimuMnells ,,
Kansas City .. .
DalluH ,.
San t'rancls:e..
4V.
4'i
- s
Ii
.1
4,i
4V5
nVl
4H
I'i 41.,
" . IOTK, April IS. The ruw mL. . ... .
U. S. Certificate, and Treasury Notes fcJ.WnV.fStt e.Wt $'fi$
Int. Maturing cenlj. cOBt and freight, und for ?la hin
KJ!" Dale mj Asli.i vi t. Lne.nt l -N l''n", cot and frclsht 1. ,,!S
t4U June, 1 1)22.... I0O H.S1! lOOa-ln A i ?LV?V" t,1,rt ',HUa et ,'"" it" nwratn'r" it
t5V June, lH2,.,,...l0Ufl.lil inn ?i ?. ?'.V1' Wtf esurdHy, a is-al rellrier imV. ir.. J t!i
riS Auir. 11122 loe inVsu 100 11 Wr 2-V1' -0-uw ""'" ''w1""' "r Ma imn.nV r . , a.u '
1 '', Sept. IC2 ItOM-iffl-i.?,'; S",.''.r'1",v,' ".l',, rather heavy, l'eln5 In ..i . .
I'-' . 11122 . f I-H2 ) 0 'i,': 3 n,'. "' . 1BI.0U ; tmus .llatrlhuied 'hs feMims s i
'I'. AM) ili'."l ion 1 Id ion ''lr' '! r,,,-0il" ,,,04"ai'' '''V' ''', t the ,nrl
.''. June. 11.1:4 inav ie.V-: i liV1 ""'.. lu,a-r,",rnLru ''""" HI Mm ,,
Vi ,., lie; 1 103 5 1ft 1 il;l 1,1 1'?! 1 I'i ,"'. VJr.-ii M-v.,i lleH,B ' ,'
!M! Meh.. lli'jn 1411 e,V'.'-'" ,''?. ..I.,.ln' 'n.".l. '. N'-n-na! s.nrnr Itelln'iiK '( Nm
1 " I' JIfll 111 .l
I-..... " W . '. "" 4 111 CllIlMlCnA.1 I 1 th II- 1.1 ,..,.1 Hi. A,. 1 ' .."'N
lllll- .v -
GOSSIP OF
THE STREET
Ucenusc everybody is leek Ins; for one,
nnd the majority would like te bce one
come is perhaps the reason the mnrket
lins hnd no reaction te upcak of. A mod
erate setback In the speculative leaders
would be welcomed by the active trading
element, and some of the mete conserva
tive interests behind the constructive
movement openly advised profit-taking.
The reaction which is certnln te oc
cur, sooner or later, will net be heralded
by trumpets but will be Hpmng without
the slightest warning. That is the his
tory of. all major market movements find
there is no place under thd sun where
history repeats itself mere frequently
than in Wall street. A reaction of one
te five points docs net necessarily mean
the culminntien of the forward swing,
but simply the elimination of n weak
following which is a sure trial after any
big market owing.
Stonige Battery's Skyward Keule
Klcctric Storage Hattery at yester
day's ten price showed u clean ad
vance of ever fifty points from the
low of the yenr nnd ever eighty points
from the bottom quotation registered
In last year's nlump. The movement
would seemingly represent something
out of the ordinary en the speculative
line its the high price would preclude
ery extensive operations en the part
of the average market tinder. It has
becntnp n mllllnnnlrFH' tOV.
- .-
The bulk of the dealings. However, ,
are new transacted en the New Yerk , I'eccmiicr . I net income MMft. -mi auei auei
Steck Etehance and the Willi Street ; charges and tax. equal te $1 ft share.
traders play as recklessly with the high-
priced ones as they de the lower grade.
TI... Mctlnn nf il. ieck. and the lie-
cempanylng advance of the new stock,
which will be exchanged for the old
en the basl3 of four for elid, indicates
almost rfurcly an increase in the divi
dend rate from a 12 te 10 pur cent
basis, which, of course, will be only
en a $4 basis for the new stock.
According te all reports the company
Is doing an overwhelming business. The
plant is working te n fuller capacity,
in fact, it is said, the lnrgcr volume
of orders will necessitate the opening
..w .... V - -.-- ...
of the new plant within a short time, i
cr, it was reported yesterday, 'rr1''" ( ninmercial Trust f einpany and
ig equipped se thnt il can bc,M. M. 1- reemnn & Ce., of I'hlladelphin,
vcr for manufacturing within, and Bernhard. Schelle & Ce., of New
The latter
was being
rilPriinl nt'nr
atrv .invu nftnr it tu iii.piiled te tmt It
in operation.
Ldttle Steels (Jetting In Action
One of the noticeable developments
attending yesterday's market move
ments was the reviving interest mani
fested in some of the smaller steel com
pany shares. While Otis, Neva Sco
tia and a few ethers were In wider de
maud, some of the ether Independent
steel shares were Irregular. 'I lie lm
making
en which deliveries; arc new being made.
It ulll hn Heme months hefere II
niimher of the indeneiidcnt cemtmnies
nrevcracnt in the steel industry is going 1 mirgii uiuireim yeeurcti approval ireui rnoenlxvllle nml t
te heln all the steel plants through the I the Interstate Commerce 1 emmlvdnii tmit. having separate
country, hut few of the independents are ' today for issuance of $1,100,000 In 4M. L. PasHinere. Len
menev heenusn of the low nrices per cent refunding mortgage hends. due nWterl sccretc.rv. '
1
will be In position te resume dividends j The Federal Land Bank nt St. I'aul.
which were cut off last year because of Minn., since January 1 has increased
the pauperized condition of thc steel i its leans te farmers by $.',000,000. mak
lnihiHtrv. Itenublic. Midvale and Lack- ing total leans new slightly mere than '
nwannu have a long and hard read te
I travel before they can begin te tils-
tribute surpliiH earning again. Ke-
Dublic Is iiavine netlilnu en its preferred
1 which is ciimiilntlve, and buck dividends
will have te be made UP etv this issue
before anything In nnitl te the common.
Renuhlic. as well as Lackawanna arc
. .' . . ... -.
.&.... .- ..... ...- -
ciT,n .if rti.li li.tt 1l.liMll,k nfrwiilliif. tn
.!. ......! ..,..... ...1I .,,.,.,ll.l
- : --- .--: .-. .. r -
HIV .UI11UU1 irivil, in i.vil niiiinii.u.
West JersDj- Expenses Cut
The minimi report of tin West .Tewey
und Seashore Railroad Company for the
year 1JK21 will be made public in
pamphlet form today. It will show the
company had a net income of .$1!)0,.'2S,
total outstanding rjpltal rtet-k com-
pared with a deficit of S.'iOIi.dO!) In i
neil. The renert. will show In-re
WlllI'll IN I'lllllll Llf 1 .11-. ll.'l I'lTUI lillllll III,.
ting
a (Tei
... ... yvu.i . ... "l""l . ........v7
compared with 1!)!)20, but a (Tecrease of
mere than SL'315,000 is operating ex
penses, wliieh enabled it te meet its fixed
charges and earn a smnll ppi-ccntuxc
upon the rnpltal stock. The report, will
fully review the situation which con- I
fronted this and all ether railroad com cem
patiles iu the depressed condition of
1021.
Outside, Buying (irewing
Outside buying orders cn:nc Inte thc
stock market In large elumc agjln
...le e.t t,le )..H., .,..
' v. ': i . "".'"" i" " 1
effective in ferclnR many stocks up te 1
new nun rcceriiR ler tne vcar in unite
of reullzing sales en an enormous scale. :
nf r.,.,, ! IS A IVn n i,n,tl-nt, mmnnu"""' '"' '. '-'' '. .' '.
Miie eitenngs et long mock uy operators sueil it repot t for the j.-ar' ended I)e
ficHirinif te take prelils, however, eember .'11. eliewini; net income !e-.s f
forced recesclena at freittent interval ! ST.-H'-'.MHI after '-liaise-, depreciation
iiiakliiK the market one of constant varl-'and inventory udju.Minent. This ,.m.
ntlen In price movements and tone al- 1 pares with net inconie of .Sl-,0,"."i,!i0.
though the trading was conducted nt j equivalent after preferred ilIviilentN te
the highest levels of the year, even after
reactions occurred
AIntrkP ntnnla ninl the nete.tletitii tu. '
8ues were the strongest groups and ad
vances in these i-sues were attended I
at times witli a geed deal of excitement. I
Royal Dutch was 11 prominent feature I
moving up from fil te Cm en buying '
coming from Amsterdam nnd local
bankers, nnd Mexican petroleum nfter
selling at i:t0
moved up te 13 la,.
ntucleiinUer IiriI a wide range. Ilrsi 1
.1 llt.t.tli H, J.. 1 74 , nun iiii-u ttiiv nucule I
te 121. but the greatest advance In
that group was in Htremherg l.'arhure- ,
ter which made a gain of B-V, points te 1
BS-Ti. United States Steel ranged from
0!)'4 te l)Si,a, but some of the ether in
dustrials swung ever a wide range and '
several of them made new high records
for the year. Electric Sterage llattcry '
inade a new high record, advancing ever I
,'5 peinta te 172',i.
thi: TUADKIt. !
LONDON STOCK MARKET
Holiday
Feeling Pronounced
and
; -Iness Smaller
liOiulen, April 12. .Securities en the
stock excliange were steadv genetnllv
today, but the EaMer holiday feeling
became mere pronounced and business
whs smaller. Oil shure-. weie firm but
quieter. Keyul Dutch a.- -I2;l4 . Shell
Transport ami Trading ." ,"-l(i and
Mexican L'agle, 3"i,
liiduhtriiils were hard, with the feel-
lnir eheerftil. Hiwljtti'a 1 c. .- ...... it-.
"ocesf'Iens en the crude article can-ed !
-"r. ....... ...... .... ,-. ..... WI-- .,'e. I
nn easier tone In rubber Ismics but
changes were narrow, Dlnmends were
strong. Kaffirs were listless around pre
vious leveU The gllt-edge department
wen inactive but well maintained.
hrench leans ere (julet nt former nuu
ttitinns, Hume rails were geed in spots with
fresh buoyancy in trade lines, which
were aided by improved commerce pros pres
pects. Dealings iu dollar dcMTlptlnns
were professional but prhes were limi
I here was moderate realizing ; A "
gentiue rails.
Raw Sugar Moderately Active
.!' 1UTK,
- 1 - -1. . - e nr I lliniMl IN .'I II ...
rmMiwmm
Electric Bend find Hhare Company
reports for year ended December 31
net Income $2,377,014, against !?V
1J7,600 In 11120. , .
Trnnefer books of the Ocncral As
phalt Company close April 18 and, open
.May 10 for nnntml meeting te be held
Mny It.
.Stockholders of Union Twist Drill
Company at special meeting ratified
proposed -1,500,000 7 per cent bend
issue.
Frederick AW Buch lins been ap
pointed ns assistant treasurer of the
Heal Estate Title Insurnhec nnd Trust
Ceinnnhy.
Nashville, Chntlanoegn and .St. Leuis
reports for year ended ueccmucr j.
net deficit $2511.801 after charges and
taxes, against net deficit SI ,0."i,813 in
i;.
The Stock List Committee, of the
leenl cxehatice has admitted tn the
regular list of the exchange. $500,000 ;
additional stock of the J'runklln isa isa
tiennl Bank.
The average price of the twenty active
industrial Mecks advanced ti.ee per
cent yesterday te 01.01, while the
twenty rails advanced 0.10 per cent te
84.11.
Ohie Kuel Oil Company reports for
the year ended December ill Inst, gross
income $2,011,813: net after expenses.
tuxes, etc., $37'1,230, deficit after dc dc
pieeintien, $43,704.
Net earnings of the I'iggly Wlsgl
Stores Inc.. during March were $11)1.
000 after all charges and depreciation,
making n tetnl for the quarter ended
.March 31 of $203,000.
United Hallways and Electric t em
tinny, of Baltimore, reports year ended
vcar ended
'n n femmnn aliiNt net income ?i.u..!,-
,'! r '. In 1 l-'O.
--Americiiii District 'lelegrnph of New
l.lM,... .......K... J",... ........ .... .1.1.1 .,........
, her 31. net Income $070,084 lifter all
charges and I'edernl taxes, equal te
?!).S3 n .vlmrc en .TO.Oe.'.HeO capital
Meck. iigaint net income $.'43,013, or
.f.i.4, in iai. ;
After nn association of thirty-three
jciirs us trustee und officer, Lincoln K.
Piist-more retires from nctive duties
with the I'cnn Mutual Life Insunincc
Company en dune 30, but will continue
with the company in an mlvibery ca-
'"" '.''.. . . . .
Yerk, arc offering SS00.000 Atlantic
.City (N. J.) temporary school notes,1
I due December 15, J022, nt a price tu
I yield 4.2.i per cent
, ,
-J he nominating committee et tiie
New Wk Stock Lxchange has pit-
seined te members the regular ticket
te be voted en at the annual election
en May S; Seymour L. Cromwell,' pres.
Ident
f the exchnnse, and Warren B.
Nash,
tiiiu.
The
treasurer, are slated for re-elec-
Huffale, Rochester
I'itts-
lO.'O. Receipts from the Issue will he
used te pay off maturing indebtedness,
of tile corporation.
$00,000,000. North Dakota leads, about
two-fifth of the money being plneed
in Unit Htitte. Minnesota is second,
Wisconsin and Mlcht?nn combined hav
ing only about a fourth of the lean.
Finland will probably enter the mar
ket shortly for lean of between $10.-
111)1). (HID nml SMI. (Ml. DOf). Itmniv rvitl
-. ...... -, ,.., . . ..... .....
.1, ,tl. iliti linni. ,1.1 K nn. iiaii( 1.,,,...-..
.---.- -."-.. - ,..-...
I-nlf.. Itnilu-niH Invesimenr I'n.n.
pimy. for the year ended DccemW .'!1, BXvu?.r,"""",i '"f ,Kln- . ,,
shows total iiK-eme of S1.7r.ti.."S-befer . ,ilrwU lmJ?n l-l-,l,"t "S1? tl,' "
i-ixe nnd clini-ces im ntmmrnri vt if, Hn It was Impossible for crooked peli-
1 7V' l!S f - the fisc, e n. ., lk'il"" "' nbtn,n ,hp rt'!,,lse undpr nr-
.IiineSO li2'. cn,,w,,wsr. He also told of the development
Fer the .rnr ..iule.1 Il,.nn,lu 1
the Pliihidelphia mid Caindeii Kerrj
Company nhews operating revenues of
.... .... m.. .,. . "- .
',, ''''' '' ,,nse nar-, lit ! ',' ni'"
iV?-,Alr V,u V i, ' ,'.2J-L'
?1:'"' ':" ' "eC "IT ,l.'n '""eme .SiJi,-
lion-encriitiiiL-
,,,.,,.,, Slllll.l
eme Mill. Mi. llicri'iise SI.! ''...!. .-mil
net ini'emt M.'.i.M.;, ilecrcii'-c .((), ili.i.
Twe iniiertani chanRcs in Xorthern
I'acilic Italhvuy tlirocterati wrrc an
nriiiiiccd at tin annual mrctini;. belnn
tKirempiit of James N. Hill antlTheinrii
W. I.iiineni. Ne evplanatleu va made
01' Mr. Hill Ilails from the beard,
but linnncinl pin-lex Interpreted nbsrnre
of Ids mime frmn nominations as lndi
eatiiiii that Hill Jnteret has been re
duced InrKlt in reeent veur-. Tin lute
.lames .1. nm wns cred'ted with iarcc
li..1,ll,tr- M 1 n.r,...,' ..!...!.,..
. . ...... .
''"."" - ' .' ' '"""- ll-nikllHUUli,
men Mime time age. was i-au-ed by
banking relations between Northern Pa-
,.;i;.. ..,..1 r i i...... t. -..
International Paper I empaiiv has is.
MERCER
MOTOR
CARS
A Better Difference
Mercer automobiles are different
from ether meter cars, but the
difference is in proven "better
ness," net in unproven novelty,
experiment or freakishness. In
vestigation will demonstrate
why this "better difference"
should appeal te every quality
car buyer.
Curran-McDevitt Moter Ce., Inc.
933 North Bread Street
Poplar 8180
UJ'"
.fBaanssm-HSMai tans wair,-
YiJil Av4rihMf f4UV ill
the previous year.
Repert of Arizona Commercial Mln
Ing Company for ?enr ended December
31, shows gross Income of $330,75(1;
expenditures, $072,003, Including
$123,010 for expenses during suspen
sion of Operations and for special liti
gation ; less, $335,330. This compares
with less of $83,135 in 1020.
Itcpert of Hkelly Oil Company for
year ended December 31 shows n deficit
of $838,050 nfter cost, operating ex
pe.nsea, incidental losses, taxes, ct.'.
Income account follews: Grew earn
ings, $12,100,314; cost, operating ex
penses, lesveH, $8,185,072. taxes uml
interest $323,075; reserve for depletion,
depreciation, development, etc., ?..
080,351; (Illicit for year $388,050 : '
dividends, R041.101; surplus December
13, 1021, $025,208.
GLOUCESTER SCHOOL i
DIRECTORS MAY QUIT
Twe Said te Be Contemplating Re-1
signing In Ma i
A report is being circulated In I
Gloucester City thet at the Mny meeting i
of the Beard of Education there will he
nt least two members -of the heard,
resign. If this occurs it is likely
that
there will he ether resignations.
Harry Cenncrs. secretary of the
beard, in new employed and residing in
Atlantic City, but attends the regular
meetings of the beard. Mayer Ander Ander
eon, who makes the appointments of
members, has been urged by a number
' "' persons te nsk for his resignation
Dcraiise ne is nor in ine city during
tlie mentn te attend te tne duties, ,
Dr. J. A. Beck, one of the. directors, ,
said yesterday that one official of -Hie,
schools hud advised some, of the teachets
te ask for mere hulnry. Ne prevision
lia been inutle for increases and the til- '
rectors declare that none will be granted
and say advice of this Hind routes
trouble.
CHESTER ELECTS SAYL0R
..... ...
Superintendent of County Schools,
f Named in Lively Contest
, Thc vcllMt ,, of thc Scheel
i Dlreetiir.' A)..unc ntlrin of Chester
County in years took place yesterday at
West Chester, when tiie contest for
position of county superintendent of
public instruction wns fought te u
finish between Ira D. McCord. of Klver-
, son. and Clyde T. Snyler, the former
limn m)w,n f Iim utiu imnnlfitn.) tit'n
-......V V, ...... ...... .. ,.,.w-..-v.k. .....
, ywir, nRa t0 mi the place vacated by
Themns A. Beck, promoted te the1
1 Rural Schools Bureau. '
. Until sides had been preparing for the
test of strength, nnd there was much
electioneering work among directors,
but friends of Suyler mustered all their
strength nnd lie wns elected by a sur-
.1..I..., Ml. nf 1M) t l.'J Wimt f'l.outei
,...-. ....,.- -.... ... ,v ..y
eaiesvuie took no
listrlets. Thnlii.is
den (Jreve. tim
TCie salary of tlie
superintendent as continued at $3300 ;
a cat and thnt of his assistants at
$2300.
STATF pniinp V Nf! V P.P
, v.aa . .k.
Quiet Raids Break Politicians' Grip,
Says Dr. Edward Martin
Vice in being stamped out in Penn
sylvania by means of quiet raids con
ducted by the State Police under the
direction of the I)?partment of Health,
Dr. Kdward Martin, State CVimmN CVimmN
Hlener of Health, declared nt n smoker
3.J"' Vl)yKMn MOIOT riUb In the
.. m . . . --. . . .
,"l.".'T " I'mtu, n m k inreugli till'
establishment of clinics by the Health
I'ppartmenr. tireater leeway for phjsi
elans in the enforcement of the triitfjc
inws was premised by William li. Mills
Superintendent! of Police, another
speaker at the smoker.
Cuticura Seap
Is Ideal for -
The Complexion
Bep.01ntaetit,TI mJJ. irwhjre. Persannlea
addrsas; OtttsataLa SsTltJs. ,w.w "t"?-
-- z
ROAMER
1 -
A worthy car, which merits the
consideration of every thinking
buyer.
Showroom Open Kvenlncs
PHILADELPHIA ROAMER CO.
8S NOKTII ItKOAII ST.
Open Eveninfa
$2785.00
Delivered in PhlladelpW
Hlinwrnem Open Kvenlngs Vj
PHILADELPHIA ROAMER
842 NOItTII II IK) A I) arA
Fer Tired Aching Fi
Mi
Nexzema Greaieleti Cr
with iU wonderfully teeth!
OIL OF CLOVES
gees right te the pi
nerves, giving blessed re
at once.
25c Cake of Seap Free
During April your drugKlt will
glve you ii sr.c cuke of Nexzema
Hkln SeSd free with each purchase
of n fiOe jar of thu Nexzema Skin
Cream. t)r send this clipping
with 10c (cost of mnllliiB) for n.
Iiirge free demonstration Jar of
f'rcnm Xexzrrna Chemlcnl Ce.,
Uiillltnere. Mil. KL 4-12-23
FARM AND GARDEN
IEverdreer?
te ulilfli no put ere renlil de J"f'f;
Here 11 our iNurscries ui n"i
plants of We variety Come Bee
them make your every select en
veur own prraniiul choice. Thnt v, ay
always means ctimplele sntlsraciieu.
We deliver and ulunt for veu
Five finest
2-vr. old Monthly
ROSES
55.50 Vain
$3-50
Stm nit. sturdr
p I a n ts, costing
11 In nlnslv. esDa-
cian .i-en ,j for this ertar. the wtieis;
cei'ir ranp or r.-a-.ty is cuveru ey
K. Al'fl. VKTUKIA. soft prly
hlp: IIKTT1 . i'lle' unci plnkl
MMi:. CAROI.ISK T P. STOll T,
slhrr-rdsrd ulnk: ItADIANCK, brll
llnnt nirmlne ulnki (lltt'HS AN
TI.'l'I.IT.. rlrhrst Hcnrlrt.
Guaranteed te Bleem Thit Year'
OHUKH NOW H-nt nestnald when
Clnti'i 1 sfii-i 11 eimiis l're Collin
I? IMS (.atalogue, listing inerythlna"
'
ARTHUR J. COLLINS & SON
I'es I.. MoerrMown. New JrrscT,
Jfoerslovn Car te Pleasant alley Ave.!
POULTRY AND SUPPLIES
If."! ''."?'"r. -
iiucKs, iviiuui' ir-iuiiu ikiis, t mie m ynndeti
Hlark Minorca, White Ieliems. K2.0O
nettlna. In rices. Kent Biife'v te nil nirii.
en reel pest. i;. C. VAIII.K. 310 Market.
mrcATieNAr,
COSTUME
DESIGN
Fascinating Werk
Big Pay
Hen Academe student! learn
Cc.turue and Millinery rjeslirn la
y ahert mentas nf simple
.aicinatlns lessens Graduates
toen earn big; siUariei la pre
reieleual poiltlem.
Fashion jtcndemj u th. .as
Injoertnnt choel doTetl ex
clailvely te Cestumn and lllllln
tsT. ""12 "n1 Pn.hlen Art,
Bnflereed by manufacturers and
macexlnes. Ita teachers nre ex
E!rVvVh Tcttr' et eperlenc. In
prnctlcul work. Ita director.
& F" A', ""rtman. U en. ei
ttie werlJ's foremost designers.
Train 1 1' c net enljr Blres jen
iii,lty t0. "lel,,cn original coi cei
times anil hats but teacliee you
JrJSHSf. '""'Pi' Kurments from
draughting of pattern te tha
Tery last atltch. Ravlnir. en
Mese!r'", U,Ual,y pajr tw
JT-wH?!0 Aca J era y ner Phils.
delphla Scheel Is e. direct branch
of fnmeus Ntw Yerk Bchoel
Ployea. Classen four days iwaek
T5i.ern,i5F'.. """""en endT ".
hihfiinnJi' .t,r. P--nent ex ex
mrltlen or students' work, or
int .all ceurres nn.l of money
makiiiK onpertiinltl for th
professional designer.
Fasru
en Academv. Inc.
MS2 NertK Bread Stmt
CHDROPRACTIC
Day ami ecn ng clahsea Knrell new
V?r..pr-0R'' tl''l.M IJeBinnii-K June liJt.
FULL COURSE IN DISSECTION
Appl. Mm, Wit ,ii.( i-i Vfterneqn
r l.wnlng
KEYSTONE COLLEGE OF
CHIROPRACTIC
1701 CHESTNUT ST.
i.nit 1 M.i.(iKs
at the BERLITZ SCHOOL
inn rui'vi'M t st.
(i:nlninr en 1 (lilt si.i
ri-lriilieiiP! Sprme I HIU
TEACHERS'
reiiiinii'r ( mir
T . .. . ..... .... "'-.. l ID IIIIHUI
;,'"," .'.". '""'! ". "".I Mfthed
ri- ii.
ed.
lb, .h-m;.! "..;.. ,v..'i!ri."j ??.
' 11 7irr. fir, ii Shnituamt , ' fi'ri,i
J 11 ii't wi I'h !in;iiifi"
'J'-BMt I- WIIKIIK .SKKVK r, '(It'S'TNt
u sm-iip. .hu i.'i...i t.. :. . ' ..'"-- ? 1
"- :'. "" niini-r itutiiii
unii tin- Itliul ur re.llluii Dralrnl
The Bryant Teacheri' Bureau, lac
OlO-nr'Wil.l ,Mihrrni...iij mil. I'hli. '
PH. I.rrn..i. 111,1,.. vUMuiih
llM. Ill SINKsi ttll.l.KiJi,-'""
STRAYER'S "S ".''""''"cj
tun CHKMTNUr H1
I'nslllun RiKirHn'il Untrr t.en
M hit AllvrillCT10W
RAG
I'iane Plavinv
Taught Qcginasi s
Adult llt-flnnrrs a
Mpril iltr
A'lTiinre L'eiirsF If
ieu .Nuu I'lajr
I'henri Hnrnrr llltfll
ion ini'.K iiiHiKi.irr
lllltlMriMii,.. M 11(101. OI' '. UPU fl
, .... ...... ..,, . , , uuni.r.i, Jin',
NOXtfA !
ijmk
BaBssssssssssssssssssssflassssyflarssssir
I
Tenne Women and Gtiis '
""r or nirt . ity'WIH
TKH.-3
C. TSCKOPP f":?, s ''!'
B l'.
. ... ..
v.-irv.
".! 1
vm
' w
txj
tP.
f
I ' ls
it .1 m 9
r. iu,'s..vm.
yn$K
I
S'i .vsrt
ei)tSSFw)SK
, secretary.
. iinuuii.. 11 i, r.f,ir y H,;f
IV
cuw, mitHAtStKltWi.
R
v.
ia .,
fe'K
MMMh.. v.
I
j! ." Ji.l.iV
kmmWt,m
-jf
't'&i.i
JA'
.. . . 1
.
.i-iah
Lle:,v"
r.i...i.
1 "
i-L.v., ; . , . - i ,
ii&Mmmiizv. .f.-..-.Mj'jwrfctm;itM:w.. twiuiaa?