ij.iTy
,- f'
t
' '"fl"" '""'
its
!
fcl;
f
MNP
.
58biti u"-f,f.-y.rr
gLfal of JpVdup,4fQUch Niw
Waifr., Mr h YW RidlrT
' rniftii " ".""n'Tri .
Kconlmen Aptlys
lWerki A'.?:,t "'ft.".",!:.
Kfwit.in he tfarlyr. .trading' largely
inncu i.e "i : -.,.;- --
kOM
jlecks touching new hlih mark
ihe year. Htnnimra uu or jniunnn
U the Het. with nn advance te
wa'lJi'frnailW Preleum moved,,,,
ach1 '13 and Mexican Seabeurd
ttt ever a peini 10 w.
; lUdle ,'cohYmen wris alae In geed tie
hind. ndyancin te 'fe, a new man
irk.
"',0
3 Silas
1 tee Acme Ca1. .. .
iv'lt00 An FacKina
41U0 ucu ..
f 000 Am "".
INDUSTRIALS
Hlih
m
07
in
80...
.12", 1
!S
'.M0ud.ljr lud ...... 1A
' lu Shl.n KlnDle . a 3
KSv iftn rnlumb'K Ktnral4a. 8
.14
RVViOOO Continental Moter J1
i&'10W Den H 0 praf . . . 75
lini iron ' 'I'i'i ?
.ttMBMSH! lnd12
TDU uurii ""'w: ",
H8H
7S
0U
BOO Kantman Kodak
pji, MOO DUBllier wenu .
ft "SSnStaff Hal r lUier.Sl .
f,i inoqeodyeaf.'TIre :.l W
SWOOeIdwyn Pictures. BU
W lOOOrant Moter ..... lit
6.Y 400 Hecklne; vm Freu.
Ifij' 1000 Int Huirar Cuba.;.
W f.000 Julius Kayaer ....
t-SI 100 I.en vmiPT y ...
. uiiv "", ;;-.- .'
;. 100 Lincoln Meior .
a
1 i
na
33 U
70U
l'A
?l JIOO Mercer Moter V .T. Stt
' jOONat leather unsta 8
00 N T Tratmp SStt
l!
T5 JOORee .Moter? ...... aji
J
1. m-:z;
lllf JASKDnj C r. f !...'
. i.A.A. .C'.Lir.k 1.."
ivh'iv vn 'lHP 'iir Irti V91
. 000 WII00 Oll ..i,,.. ,-tu
j i00 Wco()urn j.i,.-... OS
luoe Y uii)a..iv.. .i.i ltt.
364(10 Turmoil, oil 1 ... . i 1
1100 AUaBr,. Cel ...... 3i
100(1 Alhp, .;.;..,(..,, 81
Auvuiim id ....... no'
tUOUO Uut Ment . . , . 20)
HOOUUeat M Culia ',. M
lOOOC'alum ilt r... U3
100O Can 'Cep ...v.li... R5
1000 Candelarla M ', . ' 80
800 Am KXPlefa -.ti.. 3
8000 Am-Vmmtndr ,.,
lilOO en Alliaaka ....i. 92
1S00 C'ena ,Arli ....... H
2800, Cena Cep M -. t .. . . 2
1000, Divide Jxt .!.... lu
2000 Rmma Bllver, . , , . . 3
6000 Burk , Crecaus . . 30
8U0U0ldnM Flertnca . L'(t
200 Hcl& Mln . . 4 Oft
40OHeWa Hound ..... HH
8000 Indeeandent taad, , .30
r.OOkerr Lake .,..7:.. 4
OBlOOMcKlnDar ...... 37
1000 McNamara ..'..... B
iwe Hunt Ceppr i,i 30..
OOOMaaen Valley i... 26
10500 Mether 11'1b Clt.. Hi
Seg national Tin. .
OOONavada Ophlr
200 Iike superior
100 my Ht route . ... I',
2000 Rax Cena ...;.... 12
8000 Ban. Tey ,t . 0
SOOOHIIver Pick 17
82O0 Pe Am 1' ft O . . . . BH
10I0H Sliver Lead .... It'
6000 Steward Mln 13 .
I'lOTeck ItUHhea .... iVi
SOOOTonepah plvlde . SO.,
lipoTenopah Mln .... 1H
110 Tuolumne, .r...... 73,,
lOOtfnlty Oeld .:.... n'l
4400 United Eaattrn .. . 1
030 JVeit End Cen . . . ' 1 A
UtOYukuP (leld ...... l'.i
' .BONDS
1000 Allied ack POa ..
8000 Allied Pack 8a ,
100O Alum 7a of 26
1000 Alum 7a et 83
20000 Am Cot Oil ,0a
1000 Am Llfht Oa .,
6000 Am Tel 6a 22
2000 Am Tel 0S 21
100O Am fob -7a 23 . ,
28000 Anatfen 7a 20..
. 8000 Armour Ce 7a
21000 Atlantic U VI Si . H8V.
1000O Barnadall 8a 103(4
SOOOBeth H 7a 23 . ...104(i
4000 anth H 7a et 36 ..103
2000 Can Nat Ry K 7a. 100
10000 Can Nat Ry VZ Cs. 01i
7000 Cnt Pteel Pa ....104
3000 Char Iren Ha .... 00
nnnn rvi riranh 8 40
8000 Cena Textile fa .. 0'4
8000 Cep Exp. 8a et '23.104U
tt
DOOPhlllp'Merrla
100 ryrene mix . . .
V M100 Radie ........ ...
M 4000 Radie pref . . . .
EIUO iiuir-i . . .
Southern Ceal 4
Knlmr Mfr . . .
A AilA Tn.tiAHInn Al
J, I 800 Teb Pred Exp .
'.' , 228 Tedd Ship . . . .
3100 U H I a II . . .
.' ; 100 U a Ship Cern
f '
' t
Ir en
:: 7k
.. 0
11
lMUn Ret Candy ... 5J4 , 6T4 RJ4
,00 IT 8 Heffman .... 20 20 4 204
tee Wayne Ceal 1H t 1H
(100 Went Knd Chem
200 weai Kniiiinr
. 8TANDARO OILS
BOOAnsle-Am Oil .... jnji
00 Atlantic T.obes ...11
, 1ft Oalena Oil r.RU
AI2C0 Imperial Oil Can. .112
' 45 Ohie Oil 808.
11200 R Oil of Ind fll!i
"40 8 Oil of N Y ..,.800
7K
7i
son
BR
390
111
800
90H'
398 '
1
INDEPENDENT OILS
100 Ark Nat. Qaa
I'.tt
:: 76H
e ,
'mne Roena Oil
I ,,700 nosten Wyom
.IJOOCarlb Syn ...
. S5 Clt Serv old .
. (00 Clt Serv ,11 ctla.
xi 200 Columbia Pet ...
" .100 Ceaden & Ce of .
1W0 Creele Bvn
8900 Knalneera Petrel .
10800 Federal OH
'Ml Pnnsland ........
.1100 Oltllland Oil O'i
- UOO Olcnreck Oil 1U
1T00U tiuuaen uu ....
sWOOOInt Petrel
:,800 Klrby .Pet .....
WOO lance Creek' . .
. 1M0 Mvlncaten Pet .
1 5500 l.yena Pet
,3004 Marland I'll Mex
'IMO Marocalbe Oil .
3100 Merrltt Oil ...
.iiivw .-.icriuun -t-i .... ..
I itna l r.vtrn Rnhnar.l .. 4.i
(100 Mountain Prediicia. 14'i
'1900 Mutual Ull ....
.. 110 Nat Oil N J ..
K 20 Ner Am-, Oil, ...
2000 Neble ........
8A0O Nerthweat Oil .
12700 Omar Oil
1400 Pi'nnek Oil . . . .
. 200 Premier Ref . . .'
-,10'lORed Ilank ....
' 400 Red Reck Oil . .
800 Halt Clrcek Pred
MOO Salt Creek Cen
in(
30
13 14
n
e!s?1
4
24 4
12
!
7i
76
.24.
23
25
lilt
1Vj
10
22.1
23V4
1
183
(,
ie;
18?4
1 2 i
II
44
144
23
l't
J
1
in
13U
"28 U
J
18H
0
1A.
80
20U
18
e
J.
V
t
"ft
1IU
J
sn
r,
2
21
1
16U
13tf
iFlHAm
mmm
HI
83
90
102T4
103 U 103 U
100U
83
00
.10274
.10S
. . VOH
..100(4
..1004
..101(4
..102
..103(4
..104M
2000 Cuban Te, 7V4 ..1.,
9000 Del Hud fitts ...OH ',4
loue ueere.ue 7 ....iu
12000 Empire atlt 0s.l01t4
6000 Freep Texas Os ..101H
1000 oeoorirn Tire' ?a..iue
2000 Gulf OH 7t . .
8000 Helnx 7a .....
7000 Heed' Rub 7
10000 Hum Oil 7i .
O3O0O Int Or Ner 6s
137000 Inter 8s .'.'
8000 Kana O A E Os
10000 Kennecett C-7a
10000 l.lbbyMcN 1 '
2000 Llacett .West 7s
14000 Manitoba , P 7s
1000 Marland 7V4a'
1000 Merrla, Ce 7U
84000 Nat Acme .7', '
2000 Nat leather. 8s
120OO NT N.K.H 4s
186000 N Y N H ft II 7s.
28enn Ner' Am Be:a os
104V4
68(4
103t
104 V.
IO2S
100
MUM
1034
0(1
411
HH4
104i
103
00 'A
100
101J4
10144
1UU.
anon Phlla Ge flnj..... 074;
nnnePhiia, eim 0a ....inn';
8000 Pub Serv N J 7a.,102H
,1000 nebt Oalr 7a ,. . . . 98
HOOO Hake Ce 7a 100
lOOOPeara Reeb 7e '22.10OV,
1000 S W'-Tlell 7a 10274
0000 ft O N Tlt '28... 100
8000 Swift C5?7a '26..., 0,J4
2001) Swift (j 7s '31..103S
2000 Texas Ce 7a 102T4
22000 Tin Oil Pred 8a...lOHV4
20OO Warner augur 7e..lOO
9000 Weat Elee ,7a ....lOftK
10000 Winchester TA ..101
1(inn Arcentlna 7 100
8000 city Boueena ea ,
29000 Hei Am Line 0s
ktoeo ram LO-ena na,
728O00 NYN H4.HPP
mono hum tug cub .. .-i
10000 Russian 6Ws ... 2t
4000 Hues 0V4(i ctfs ., 23
97000 Swiss 6(4s .J....101M
1004
101 U 101
102A ,102'
108H 103
104 V4
68
106.
104 U
102 4
109
9U4
00
40
98 ti
104!i
103, ,
Ill'li
100
1011,4
101i
,00'
104U ,04U 101U
. ..104 104 H 104(4
. . . uu
...ion; 101 1;
i;
H24
HOli,
100
98i
101
116
97 Vt
105
07 ;
new
92
no
B24
07J4
103U
int)i
98
100
100
02 H
.k. H2
.. 90
..100
...99
..101
.. 95
... 97i
.',106
.. 981.4
.-.100
:. 02
01i
92 ;
90-
ion;
02,
82(4
90
100
98 ;
101
95
97 V,
105
08
100
92
1)1 H
92t
9744
I08H
102
98
100
10OT4
102 102T4
lun inn
1014
108H
10274
108
100
10844
101
ion
. , 8fli; 8044
. . I'2 U 92H
.. 844 N44
7a 75 74iJ
10
21
20
1014
101V4
IOSH
10274
IOR
100
108K
101
100
8fl4
92 14
844;
a
21
20
lOltt
Reierve lankt' Discount Rates
Official rediscount Vtea at the twelve Fed
eral Reserv? banks 'are as follews:
Treas. I.lb. Cem'1 Bkrs.
ctfs. bends, paper, accept,
Bosten
New . Yerk . . .
Philadelphia ..
Cleveland . . . .
Richmond ....
Atlanta.
Chleaae
St. Leula . , .
Minneapolis ..
Kanaas CUT .
Dallas
San Francisce.
in h
4(4 4(4 44 4 (J
. 4V4 4(4 4(4 4(,F
v 4H 4(4 4(4 4
. 4(4 4Vi 4(4 4U
. 414 4(4 4 '4 4V4
. 4)4 4(4 4(4 4 4
. 474 474 474 474
.6 6 6 B
. b n n 5
. s n 5 e
. 474 474 4(4 474
TIirNefriHareii .lUllread kU Just
tald jTUe:8nk82,000,000 of tem
porary lean.' 1A'lil, "
Edln: lll8tlnV 'fdrincrir awistant
Cft8hir, , hag been elected danhlcr el the
National ,Bank of, Commerce. ., . .
(The Murlinf ten'ij loadings for the, first
three week. of April .were 85,tW0,car,
fljalnHt 80,033 ,n year, age., . . '
-r-Thre6 curb exclianfe aeata Beld this
week for, $C000 each" .Early In Jan
uary, prevailing price for scats was
10500 and In April vne sate 'was re
ported at $4800.-
The avcruse nrict of the twenty ac
tive. Industrial .stocks declined .'24 (r)ef
MAM . VAftlAMrtrtft.. . f0 ?1 M.I.IIa 'H'
twenty railroads declined .ie per cent)
te 85.00. ," "
The time for making depeMt of se
curities' under the plan for the organ! ergan! organ!
witlen of the Tennessee Electric Tower
Cempahy, dated April 10, .1022, has
been extended from April 25 te May
10. 1022.
Mentana Power gross earnings for
first quarter of 1022 nmeunted te $1,
727490, against 81,730,000. Nct.aficr
taxes and available for bend Interest
nmeunieu te 4x,u-ia,uuu, against i,-
utu.uiw. ' '
At the. annual election of the renn
a.vlvn'nln Itnllrend Company. Rffinghnm
B. Merris, Sliomes DeWItt Cuylcr, Levi
I. Run nnd.Hpeneer C. Gilbert were re
elected directors te serve for the term of
tour years from this dnlc.,
A surplus of $2,404,880 after provid
ing for taxes and bend interest, but be-
fore allowing for deprcclnten nnd de
piction, was Shown by the Cerre'dc
Pasco Copper. Corporation last year.
This is equivalent te $2.07 a share en
the capital stock.
Charles G Frickr treasurer of the J.
Sullivan & Sens' Manufacturing Com
pany, manufacturers of silk and cotton
narrow fabrics, has resigned, after a
continuous active connection of forty
yenrs, effective April 20, 1022.,
Merrltt Oil Company reports for the
year ended December 31 last net earn
ings of .V000,4fi0, compared with $2.
401,004 the previous year, nnd n deficit,
after dividends, of $047,120, contrasted
with n surplus of $170,107rcpertcd at
the close of 1020.
The Eastern Steamship Lines, in tl"
March statement, showed a deflcl
unci niiuwiiis; ir mi uruucueiiH,
&0.1.840. or $101105 less than in March.
1021. Fer the first tjuiirtcr of 1022 the
company reported' a deficit of $174,202,
against a deficit of $232,205 for' the
same period in 1021.
Tim rise of the mark te a high of
$.004334 yesterday nfternoen repre
sented a gain of $.00141?, or about
48.8 per cent, since the record low of
$.0020 was reached March 27. Prac
tically the entire increase hna occurred
since beginning of the Genea conference,
as the mark .closed nt $.0032Va Satur
day, April 8.
The report of the Duluth, Seuth 8here
and Atlantic Railway for 1021 showed
a deficit of $1,582,852. after taxes and
charges, compared with n deficit of
$320,083 in 1020. Gress income last
year was $4,452,423, and expenses,
taxes nnd ether items $4,055,100. In
terest 'ennrges. rents ana etner expenses
were $1,127,002. against $1,111,700 in
1020. In 1010 'the company reported
a deficit of $413,508.
Gress operating revenue of the Union
Pacific decreased from $15,542,100 in
March, 1921, te $15,104,020 for March
this year, a reduction of 2.8 per cent.
The saving of $502,138 in operating ex
penses te a total of $10,032,107 this
year, however, proved an offset te the
less in business, nnd cnnb'ed net oper
ating income te increase $208,240 te 11
total of $2,071,015 for the month. The
eperating: ratio for March was 71.71
per cent, a decrease of 1.80 per cent as
compared with March, 1021.
BAR 8ILVER
De:neitlc bar silver wns unehnmred In New
Yerk today at Q9Hc per fine ounce; ferelan.
0744c. a decline of 74c. In Londen the price
was unaltered at 3474 d
for tend ln and renewing,
. PlIILADltLMIfA-Call. C per eejil time,
gper-eenticemmerclarpsper, three Hj alt
months,, 4W( te 5 per cent. "
LONDON Meney. 8 per cent. ljlftn
rates, rfhert bills. 274 per cent: three months'.
bins. 2
rfhert bills. 974 per cent;
274 92 D-tfl per cent.
' RAILROAD CARti'lNQS
NEW TOHRV ONTARIO AND WESTERN '
March axeas .
Bal. after taxes i-i . .
. Neteper." Income...
Three months' sressi
Bat. after, 'taxes....
Net 0 Of r, Income.
Decrease,
'1S29
$1,180,437
280,828
" , ,88,425
3,946.007
290.074
171,104
Increase
UxI'sSi
iiaiiiin
218.020
80,873
338,837
229,848
L
. Sales RepreienUtife.
Waited ftr
New Jersey atV Pewyfrajua,
it
by New Yerk Stock Exchange
house te place high-grade bends
and preferred shocks. Lec8,l men,
well acquainted in their corn cern
munitv nnd experienced in the
sale of either bends or' stocks will
be given preference., Will also
consider representation of local
bankers te represent our bend
department. In answering, please
state in, detail experience and
qualifications. Replies strictly
confidential. Mr. J. C. Adams,
Roem 1035, 25. Bread Street, New
Yerk City.
In Continuous Business
80 Years
MOYBRi r CO.
. Bankers & Brokers
.301 Chestnut Street
AUTOMOBILE
INSURANCE
I.IBKRTT MITTtTAI. INMTRANCB CO.
Phenri lrnat H97S. t0-M He. lBth St.
SrnnjDjrtmnt
First National Bank
etPhiiadlphia
M9 CtUfTMVT kW.
ssmrSBammmmam
J..........,....................!
CAN YOU USE
THIS MAN?
Kales aupt.. ambitious, capable capable
geed correspondent. Asa 48. Wants
manufacturer's representlve or simi
lar permanent position.
B 112, LEDGE OFFICF.
ygi88'nisssisinaiaiiassitrsssnf
C. S. PATtON & CO.
miaaaffir
Huereaaura te
LKR HTF.VKN
Uenda.and a4eeka beutht and anld.
SAILER 8TEVKNS0N
a. atlH katflekBi twinarht und
Mmr4fn Vh, Htefk Kiehftnr.
Guarantee Trust and
Safe Deposit Ge.
316-18-20 Chestnut Street
14,5 Chestnut Ht. . O W. 33 Nt.
WIEGNER.ROCREVtCO.
Certified Public Accountant
Drexel BnOdrnv Phileidelphia
-a. f-
$45,000,000
CITY OF NEW YORK
4V4 Geld Corporate Stock
Due April 15, 1972
, ': , CONSISTING OF
$25,000,000 BONDS FOR DOCK IMPROVEMENTS $20,000,000 BONDS FOR SUPPLY OF WATER
., ' :. . Interest payable April IS and October 15
Principal and interest payable in Geld
EXEMPT FROM ALL FEDERAL INCOME TAXES
EXEMPT FROM NEW YORK STATE INCOME TAX
EXEMPT FROM TAXATION AS PERSONAL PROPERTY
IN THE STATE OF NEW YORK
LEGAL INVESTMENT UNDER NEW YORK STATE LAW FOR EXECUTORS,
ADMINISTRATORS, GUARDIANS AND OTHERS HOLDING TRUST FUNDS
We offer the above Bends, subject te prier tale or advance in price,
At 104 and Interest, te Yield ever 4.06
These Bends. will be issuedjn coupon form and interchangeable; denomination
' of ?1,000 for Coupon Bends, or in Registered fern in any multiple of $10.
Certificates- of the Controller of .the City, of New Yerk will be delivered
exchangeable for definitive Bends, when ready.
Speyer & Ce.
Bank of the Manhattan Company Ladenburg, Thalmann & Ce.
The Bank of America Deminick & Deminick
Title Guarantee and Trust Company J. S. Bache & Ce.
i
Dated, New Yerk, April JM, 109 f ,,',-'
KftU
N ?
. r, i . x .' ;., ' " ; t ). ;?' .. Kfr(
r;, :J;,
""i ;' '."' ' ' ,'.-.. v."... ?:., .;-..?'. ' ' Vty.. .'. 'ii. -'S;-.', " . :""' :&
! ;. ,r, , ,", -t exempt from au reaerai .income m e. ", h,k a. .,,,., .m
;.;'niL..i ii lu- trz v . ?wh
, -&" - .v :.-, aiy - or mMkrvi VFiaJa.w: ;, ,, ;; r-. 4
-'"V- ' ' Uitect UDiiftatien p"'.K,;!(H, .;
. '-"'.- :&;': '. " ' Serial 5 Bends ., ; . ' C; j"r' .;' , ' ' l
- ' . . " . i - f i'
Dated March 'and April 1, 1922 Ne Option Dae Serially as Belew ', ''
Coupon Bends of $1,000 denomination. Principal and semi-annual 'interest (March 1-September 1)- v
s (April 1 - October 1) payable, at the National Park Bank In New Yerk City. ,. ,
'Registerable as te Principal and 'Intereit .,.,"'
1 , Legal Investment for Savings Banks and Trust Funds in New Yerk,
Massachusetts, Connecticut and elsewhere.
' h '"' ' ' s '
''-;' ' FINANCIAL STATEMENT
;t Actual Value, estimated.. .' $400,000,000 - -A J $r. '.
j. ' .,' ' Assessed Value,' 1921 350,196,260
,' ,',' Total Bended Debt, including this issue.. A. 20,622,361 ,'
;; '' y ' Water Debt ' - $10,211,000 " ''''
",y. ... ; Sinking Fund , f 1,822,308 . . - '" '
- .' . Special Assessment Debt 1,797,433 , . . ; .'-. :i ;,.'.'
','," ' Net Debt 6,791,620 rt v'-'Vi."?' '
Net Debt ! than 2 of Aaaeaaed Valuation , -
' Population, 1920 Census. ...208,435. .
AKRON, the county seat of Summit County, is a rapidly growing and already important manufac
turing center, about thirty-five miles south of Cleveland. Besides the rubber industry, in which it leads
the United States, Akren has a diversified line of products; including feed' products, foundry and
. machinery, pottery, terra-cotta and fireclay.' ....,
THESE BONDS constitutes direct obligation of the entire City of Akren, Ohie, and are issued '.
for street and sewer improvement purposes. .!,
MATURITIES
' ". i'x
1924 March $56,000 1929 April $31,000 1937 April $29,000
1924 April 28,000 1930 March 55,000 1938 April 30,000
1925 March 56,000 1930 April 28,000 1939 April 29,000
1925 April 29,000 1931 March 51,000 1940 April 28,000
1926 March 55,000 1931 April 29,000 1941 April 31,000
1926 April 30,000 1932 March 55,000 1942 April 28,000
1927 March 56,000 1932 April 30,000 , 1943 April 29,000
1927 April 29,000 1933 April 29,0p0 1944 April 30,000
1928 March 55,000 1934 April 28,000 1945 April 29,000
1928 April 28,000 1935 April 31,000 1946 April 28,000
1929 March 56,000 1936 April 28,000 1947 April 31,009
PRICES
Maturities 1924 te 1936 te Yield 4.25
Maturities 1937 te 1947 te Yield 4.20
Legality te be approved by Messrs. Squire, Sanders and Dempsey, Attorneys, Cleveland, Ohie. :.
Kv
vV.
I -, . t ,
S evV4
V?Mn
W. A. Harriman & Ce., Inc.
Philadelphia
Ham ble ten & Ce.
Philadelphia
Merchants Lean & Trust Ce. Richards. Parish & Lamson
Chicago New Yerk
This information and these statistics are net guaranteed, but have been obtained from sources we believe te be accurate.
Patience
and Thrift
accomplish wonders. If we
persistently pursue an ob
ject we are almost sure te
reach it.
Consistent and regular
savings will surely lead te
financial success.
We have a regularly es
tablished saving fund and
would be glad te have you
join it.
Come in and see us.
Third
National Bank
In the Center of Tilings
Opposite Bread Street Station
Organized 1863
We have active orders
in the Securities of
the following Companies
Georgia Ry. & Power Ce.
Phlla. Sub. G. & Electric
Northera Ind. G. & Elec.
Penna. Power & Light
U- G. I. Controlled Ce.'s.
Am. Gas Controlled Ce.'s.
Reed A, Morgan & Ce.
West End Trust Bldg., Phlla.
Membera of the PliUa. Stock Each.
fV
w
A
rsrw
VV
-ifj
rll-
185th
DIVIDEND
Frem the earnings of the past
six months, the Directors have
declared a dividend of Eight
Dollars per share, payable
May 2nd te stockholders of
record May 1st.
ALSO
An extra dividend of Twe Dol
lars per share te stockholders
of record as of the same date.
The Surplus Account has been
increased $100,000, making that
fund $2,500,000.
Capital $1,000,000
Surplus 2,500,000
Undivided Profits 230,000
Reserves 200,000
Resources 20,000,000
r W. " km. sx
ftlNIN
NATIONAL BANK
"Always Commercial"
Marl at Seventh
a
- '
i
:
1,
Sr
BOND SALESMEN
WANTED: Bend salesmen with
established cllentole te sell high
grade railroad, public utility, In
dustrlal nnd municipal bends.
Preferably men of at least Ave
years' experience. Ooed oppor
tunity for the rlcht men. Hepllea
cenndenttal. Address replies te
II US, LEDGER OFFICII
Stockwell 'cektwedhmuc
Witson & 4CC2Hra
LlBViD ITMelWf,FI.
UNDERLYING BONDS
First Closed Mortgage
(Public Utility)
Operating in 33 communities
Company's earnings for 1021
2.70 times interest require
ments. Price te Yield 7.10
Circular C. I. en request
Fairman & Company
Drexel Building. Phila.
rM'iHU'.H t
Correspondents
A. H. Bickmbre & Ce.
Ill Broadway, New Yerk.
rfmwiri
Frederick Peirce
&Ce.
Bradford Electric 6s, 1929
Cadde Ceatral Oil & Ref. 6s,1930
East St. Leuis ft Sub. 5s, 1932
Eapire Gas & Fuel 6s, 1924
Eapire Rtfiaiag 6s, 1930
IiteraatieaaJ Salt 5s, 1951
New England Oil Cost. 8s, 1925
PhUadelphia Ce. 5s, 1951
Tayler, Whartea I.&S.6s,1942
WUIamette Valley 5s, 1930
WUIaateltsVall'y Se.Ry.6s,1939
DUNHAM & la
9 Investment Securities
43 Exchange Place, New Yerk
Telephones 10C-1S Hanover
Traders Column
April 26, 10S2
BAUER STARR A COMPANY
Spruce 4392 Race 6726
Empire Gas &Fuel 6s,1924-192
Empire Refining 6s, 1927
Lehigh Power Sec. 6s, 1927
Commonwealth Pew, Ry. ft
Lt. Common
Southwestern Pr. & Lt. 6s,2022
CASSATT & COMPANY
SPRuce 2000
Prev. of Buenes Aires 6s, 1926
Ohie Power 1st 7s, 1951
Belgian Nen-Convert. 6s, 1925
Or. North. Eq. 6s, Jan. 15. 1934
Mich. Cent. Eq. 6s, Jan. 15,1935
Wheeling & Lake Erie Eq. 6s,
Jan. 15. 193-1
KURTZ BROTHERS
BANKERS
Established 1866
Spruce 6S3 Race 6359
1421 Chestnut St.
GEORGE M. FLEMING
Lembard 6414 Main 3547
Pittsburg General 5s, 1953
N. Jersey St. Rv. 1st 4b, 1948
Buffalo & Lake Erie Tr. 5s,1936
Indiana Serv. Cerp. Cem. & Pfd.
Tenn. Ry., Lt. & Pr. CemAPfd.
Dank of North America
COMMERCIAL
TRUST COMPANY
SPRuce 8200
Khiisus Gas & Elcc. 6s, 1952
Joint Stock Land Bunk 5s
CepjTlKht. I22. J. ('. S Ce,, Ltd.
J'er space In this column
Phene tipruce 0720
FINANCIAL MAN
of expartsnee' dcalrlnc te ankais In
bualtwsa win Invest In cemmarclsl or
ftnajHtel bualcaaa.
DOMINION OF CAMM
30-Year 5 Gsld Bsmls
Due May 1, 1952
Net Redeemable Before 1942
rlce 100 and Inttreit , "
EDWARD L0WIER STOKES 90.
20 teuthiSth St., tWMtfpMs
,v-.i .wWMTUHX 9343 ,., ,
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