llpffi;.! fe!?KnP?SP'i5?H
$$,
- . -. n w .. ..- '.'J vu " i T '. .1 W
Ft
r,K
l&
EL
19
S
rrf
M
iJ
-n ,x.' '" v.i
&
m
f
Mi1
ai?"h(A&H " At ." 4
GevtnuDtnt
V 1 ,T .
tSV. v--.
,:" . .
, ' 1U
I
DeminionefCtnada
l
SOryr. BvGeld Bends
. NON-CALLABLE '
TOR TWENTY YEARS
Price 100 and Interest
Te Yield 5
Mackie, Creuse Ce.
REAL KSTATK'TRl'ST BUM).
Walnut GZ30 ' Race 0S7S
NEW YORK BONDS
"" I Ml ! '! I f " IMH ! I ! H.-.S- I I IIIIIIHI
(BALES IN uoeov ;
Arc Rd'c Tin a.,.. 113 lehl hwr's Ss
3.... 10H TtrlcLyens M 13 84.i
Hathaway, Stene, Wallace
& Williams, Inc.
ENGINEERS
MANAGERS
1713 Santem St., Fhlladtlphia
SPRUCE 7857
Operating Management of
Industrial Enterprises.
Industrial and Technical Inves
tigations and Reports. Consult
ing Engineers te Manufactuieis
FINANCIAL
eUar
tr
K
NOTICK OK RKlMlYTtTW!
Te hnldrre of Ylrlery Jvutes nnj
SSHOff nedi
Netice I rirrrny elv-n n fellmret
1 Call for redemption nf ,1V. lr Cess)
Vktsr, Notre. All yf tlie J per cent Se
rln et Unluu States of America Oeuvettlaie
Oeld Notes at lfUJ-lOiU. etnsrwise tnewnas
8 ZHT cent "ictery Njtes, re h-rebr called
ter rtd'mctlen en Juris is W22. purauaut ;
tot prevision ler redemption contain ti
!h ne'es ana In Treasury Department clrou clreu
r Ne. 13d. datd April 21. 11. tan
which the notes wire originally IhiukI. In
terest en all Victory Nete nf the SH per
Sirt eerie will case en aald redempttn
ate. .Tup- 1Y 10??. .....
1 W lap, n.len und Termination of Mtteri
ftete ceiireisl.n r.riitleae. In view eC tee
call (or me redemption n( all 3 (Mr nut
Victory Nete en Jure 13. I9J2. mnd pur
vent te the previsions e( said Treasury im im
fjertme'it circular Ne. 18S. the orlTllte el
ronvtnlen of Victory Vetes of either "
into Victory Neiee et the ether rley U
hereby eunpended from rVbruary 1823. t
June in. 1U22, both Inclusive, und en Jan;
15. 1922. will terminate. Victory Noteiao Neteiao Noteiae
cordlnitly ceaes te ba intercenvertible. nt;
tT February 9. 1922. at.d en and aftr that
tfate no conrcralena ct the netta may e
DeUlled Information aa te tta Brenl Brenl
(len and surrender of per cent Victory
Nctea for redemption l rl-en in JTSJlJ
Department clrcutar . 2TT. dated FebTuary
19J2 cepli of which re avalleWe ;t tna
TTtatury and th rderal nrrj 1Unk..
isianea a. w. "-'-
ferret ry of the Treagury. Feb. w
I.,.. 100S
I.k. 100W
1.... lOOVi
7(tate lOOVi
1.... 100H
B..l 10H
2.... 100H
3..,. 100t
10... i 100',
2.,.. 100H
Chinee Qevt't
H'K Ry K
2 M'4
1 85
City Oerne 8
0.... 113
City of Btreen
km rcia
3.... Ill
Oltv lljrd'.T it
In.. R8S
2 H8S
T.w. S8U
4 MU
n 88H
I Cty Chrla'a .
I 1.... Ill
2.... Ill
City nf Copen.
hasan SWa
1 01
I 3 D2H
- 0.1
City Lyen fl
i SH
3 SNH
2 84
1 R8S
1 H
'.) Mari'e Mi
1 R?4
2 P8
2 SSI
b mi;
1 S84
2 88H
1 88
Cty Rie de Ja.
nerie 8a
104 K
84 H
84 H
84 H
84
844
84 H
84 H
1931.
lu lltr. lit Ji ULIl.S UK
RKAUFOKI! KLFrTKIO COSIPANY
first JlertBe nnd lellilrral Trnm
eriea "A" Oeld Ileida. due Jjrmary 1. 1029.
Netice la hireby Khrl that Quaranty
Truet Company of New Ve-k, Trustee under
liradferd Electric Company First Mertcac
and Collateral Trust Deed dated January 1.
1919. hereby Invites, pursuant te Section 3
of Article Fourth thereof, propeeali for th
aale te the Sinking Fund en Mav 1. 1922.
at prlca net exceeding 105 et par ard
accrued Interest, of a many bends et
above Isue a can be purchased for th ..n
et Fourteen Thousand. Nine Hundred and
Thirty-three Dollars and Twenty-flv Cents
(114.083.23).
Often wilt be received at th Trust
Department of the undersigned Ne. 140
Broadway. New Yerk City, up te 10 o'clock
A. M. Friday. April 28. 1013. Th rtiht la
reserved te reject an, and 'all offer In
Whole e In part. t
GUARANTY TRrPT COMPANx OF
NIW YORK
Bv wr UA1' C. TOTTnn. President.
N"" YeV ne,f t. ioe
1..
1..
1..
1..
1..
1..
1..
1..
8..
104H
104 '4
104
104 li
104
104 V
104i
103
104
104H
104H
104H
10l
7(ale) 104
40;(lat 103
2.... 104'i
1.... 105
4.... 103
3.... 1044
City of Forte
Alecre 8s
1.... 104i.
Cty San Paule
6a w
1.... 100
1.... 103S
city Tukle si
B 73
4 784
Citv Zurich ft
3. .. 112U
7(sale) 112U
1.,., 118
7. . 113
Cteeho-Slevak
Rep 8s wt
1..
4..
1..
It..
13..
IS..
1..
4..
13..
St..
17..
10..
13..
1..
21..
ST.
PETEHStHTRO MIIIITINCS COMPANY'
first mei;ti;a(.k n
i'
Under tepm of. the Hlnkhii; Fiini. sealed
propesslt. will be r'cleil until 12 neon en
April 2P.f tOlt. at thn nfflce- of the Pennsyl
vania ('mpany'fer lnurancea-en Lives and
Orantln Annuities. Trustee, for Ntie te It at
thai lowest) price net excced'nc 103 tand ac
crued Interest of as many of said bends aa
87330 will purchaae. Proposals should be
addressed te '
THK PENNSYLVANIA COMPANY FOR IN
SURANCES ON LIVES AND ORANTINO
ANNUITIES.
017 Chestnut at.. Philadelphia. Pa.
Tenders for Slnklnr Fund St. Petersburg"
Lighting Ce.
Dividends
SUPERIOR STEEL CORPORATION
April 18. 1022.
At the regular meeting et th" Directors of
the; Superior Steel Corporation a quarter! j
dividend of 2 was decl.irvl en the Sccerd
Preferred Stock. panbl May 13. lOJi, te
tocl&eldcrs of r.ccerd May 1. 1S22.
C. T). CLANnr. Sec-e 1 1 rv.
St..
8..
3..
10..
i
2e!.'
3.1..
0..
08 4
DSH
P94,
0V4
BOW
08
08
08
08H
08 H
8H
B8H
OSS
8SH
8,
88S
00
80 H
DO
OR "4
98
9
09
0ST4
Denmark Cen
ct A Ss
4.... 1111,
Denmark Cen
ct B Pa
1.... 11
3.... 111
Dept Seine 7a
1.
3....
8....
1HF. COMMOMYI'ALTII TITLE
DtSL'UANCB AND TRUbT COMPANY
CUeatuut and Twelfth its.
April 13. 1022.
The directors have this day declared a
Marterly dividend of 3. free of State Tax.
payable May 10. te stockholders of record.
at It close et business April 29. Transfer
books will be closed en April 20. and re
opened May 10.
J. V. ELLISON.
Traaurr.
084
ORH
2 8(14
1 061
1 88H
D Canada '28
1. ... nn
te . nn
R fi'i
D Canada '29
in .. 10J
I . let
.1 . lOtH
0 . 101
1 ... 101
D Canada Ml
a wi
10....
5....
(W . . i
se....
8....
1....
1....
Queens'd 0s wl
2.... 102H
yucensl'd Ext
Lean 7
I.... lit
Ke Chile '2fl
2.... 1021.
Re Chit '41
B..:. 103
1.... 1031
HP Chi! '48
2... 100
Rep'e of Uru
guay '8a
P.... 107
State of R O'e
Oe Su 8s
1.... 104
State t Sae
Paule ct 6
7.... 108
1.... lOAtf
4.... 106U
Swltx'd Cen 8a
B.... 118H
2.... 11AU
U K Ort Brit
ft I'd 1022
10 ... 107H
3 ... 10T
B.... 107
7(ale) 107
' K Oft Urlt
ft I'd 1020
3.... 107H
7.... 1074
V K Ort lint
It I'd 187
B.... 1024
7.... 102K
i: S Rrar.II 8s
1..,. I0TS
2.... 1074
4.... 107
7(sal) 107
1.... 107H
1.... 10744
3.... 107V
1..... 1074
2.... ltTH
' 8 Mexico 4s
3 S7W
8 57 S
i. a Mexico at
B 08
8 074;
4 07S
4 074
U'd 3 Mexico
Lare St
2 04
Ajax Rub'r 8s
I.... 100U
Amn 3 A H Ss
l dl H
0 P2
1 02
American Mug
nrg e
13.... 100
6 100
C.... 100
Am T ft T elt
2 KtH
te... . ni
A T ft S F a)
2... . R34
1... . 83
A T ft S F 4a
10. ... 80
Attn T ft S F.
cv 47
1.... 1004
Atl'e Fruit 7s
1 484
1 4S4
8 40
4tlantla Ref'g
ct 04
fi.... 1031
Halt ft Ohie c
K a'.ii
Rait Ohie 5s
1 03
Bait A Ohie Cl
10.... 100
1 OOTi
3.... 100
23 100
Rait ft Ohie A
IVe'n 34
13 OtH
.18 014
12 014
B Steel 0 '3d
3.... 100
23.... 100
, LBraden Capper
Mines e
S 00U
Bush Bid's 3a
804
Cana'n Par- 4a
Le.... 844
B ,
3..... 844,
(1 It 1 ft P fd
I. J.. 83 ,
a .... 83
3..... 82i
CslVI 74
8.... 102i
Chile Cep'r us
uri:
3.....
3(aa!e)
28
B
i.2
00 V
804,
1)04
1)04
80S
804
80S
nei
80
BOTa
I 0.
C N Y 4Ua'7l
IH.... 108U
.ci'd cm cm
st ix) e
3..., 100
1.... 1004
Cole A S'n 4
3 024
Cole A a 44a
3 89
C Tab A R (a
1 881,
Cen'd Ceal Ce
of Md Ba
1 884
Cens'd Qas 7
10.... 1104
Cuba C'e S cv
1 844
Cuba C'e Sue
8a ata
8 834
Cuba R Rd 3a
1 88
Cum T ft T 4s
1 73
Cum TATS
1 834
Del A Hud cv
2 00
Den ft R O (d
10 SI
1 614
Den ft R U 4s
1 704
1 784
O(sale) 784
4 704
Den ft R O Ss
10 84U
3 844
Det Edl Ce 0a
1.... 1034
Det U R 44
Z 84
D Match 74a
2.... 107S
1.... 1074
1.... 108
D de Nemours
Pwdr 74s
1.... 1074
S.... 108
Duq Light as
1.... 10.14
6.... 1004
Empire Oas A
Fuel 74s '
4 08S
0 08S
10 084
10 084
B !S.
tris fjent 1. 1st
1 R.1U I
1 81 U
Eric R It cv A
1 SI
10 51
tirle R R cv O
: si
: si
Erie R en 1st
10 104
trie Rly Ce 4 s
0 G34
1 esu
Fram'n Indust
Dev 74s wl
3.... 101H
4.... 1014
Gen'ea Rlv 0i
! 03
Goodyear T ft
Rub'r Ml
1 00
0..... 00
M A StL td 8a
1..... 47J
M RIP A fl Ste
Marie 04s
2.... 1024
M K ft T aj wl
23 884
10 SS4
14 684
27 684
10
10
8
10
23
10
38
Kaale)
0
4
It K ft T 4 wl
87 70U
1 704
M K ft T 8s Wl
0 844
18 844
At K A T 6s wl
10 064
10 804
Me P R R 4s
08
384
884
884
684
68 4
r,e
684
674
584
584
1...
48...
30...
4...
1...
0...
1...
10...
4...
10.
80
68
60
00
06
664
004
604
69
Me Pae 8a '0!
. 8 884
He Pacific 6s
10..
a..
3..
i..
i..
i..
1004
1004
1004
1004
1004
1004
lenu
Mentr' 1 Tram
ways Bs
1 STU
Naah'e Chat ft
St Le Bs
2 .... 091.
N Orleans ft N
E'n 14s
1 84U
N Y Cent'l 4s
2 004
2 001.
N Y Cent'l Bs
B
B
3J
26
B
10
(Ksale)
1
6
1
13
13
37
12
034
0.1 K
OS 4
0.14
OS S
034
034
034
034
954
054
OSS
034
034
054
834
934
N Y cent'l 6a
N Paclfle R 3s
1 (134
N Paclfle R 4a
4 874
Nth d Pwr 8a
1 02
Nla. F Pwr tfa
8. .-. 10OS
Ore-YV R R Ce
ft N Ce 8
8 83
Pae Q ft U Be
6 02
1 1)2
Packard Moter
Car Ce 7s
1.... 1034
lfXsile) 1034
Kflat) 104S
Pan A Petr'm
ft T C 7
1..... 004
7(salel UUYi
P Rd cm 4 41
2 D04
-(sale) DOU
6 1114
Penna R R Si
fi 90 4
n 804
3.... 1004
3.... 1004
1 004
Pens Rd 04
6.... 1084
8.... 1084
1.... 108
4.... 103
Penna R R 7s
8.... 107!
Peoria A E In
8 S3
8 33
Peoria ft E 1st
! 794
Pcre Marat Ss
1 064
Phils Rtys 4a
1 B3S
1 63
Pierce Oil 8s
1 SOU
Pitts C Chi ft
St L a Bs
2 004
2 83
Pertl'd Rwy J
A.iui n
6.... 103
1.... 103
Reading Ce 4a
1 83 U
Reck lid' A A
Leul'a 44a
1 824
St L 1 Mtft S
R ft G dlv 4s
8 8.14
1 83S
8t L ft S F a
S 83
2 824
1 82
1 834
6 834
St L ft S F In
14..
10.
10...
8...
1...
10..
4...
1...
80S
80S
80
804
SOS
804
' THE CIRARD NATIONAL BANK
PhUa.. Pa . Airll 23. 1012.
The Beard of Dlrecteri lias thle day de
rlared ft quarterly Dividend of Five Per Pent
IS, pavab'e n 31 1 1. 1022. te slocit slecit slocit
helders of record at the close of luilncrs e-i
AP.lt 20, lD.'J.
Checks will be nailed.
CHA3. M. ASHTON fishier.
AMl'ARU MINING COMPANY
Phlladalunla, April .3. 19"
The director have till day ileclared a
quarterly dividend of three ir rent S).
payable May 10. 1922, te stocknelders or
record April 20. 1922.
Check will be mailed.
JOSEPH S. WILLIAMS. Treasurer.
Annual Meeting
-PENNSYLVANIA Hl'fiAK COMPANY
Philadelphia
Th Annual Mvstlng of tl-e Stockholder
of this Company will be held In the Beard
illoem of The Real Lstate Trust Cempiny of
Chestnut Streets, en Menth. May t, 192.,
a 11 o'clock A. M.. ut which mere j be
an election for Directors for the ensulnc
year, and su-h ether bua'nees will i 1'lr
sldered and acted upon k rnjy ba Lreucht
lufere the meeting utm
JOHN A. MeCARTIIYeer.).,..
RC3S TUB ANNUAL JSKCTINfl 01''uT
- stockholders cf The f'euimeimrallli
Tlt'e 'lunurnnie & Trust ( amnanr win i"!
held at tl-e elflce of tl t fenr"n Ciastni..
and ,l-th Streets, en Meniiiy. Jlaj 13. ()' .
at'S F. M.. for tie election of rive Dlrecturi
td serve three jcara. ..
Kteck transrer cooks will close April '
and reopen Mfcy 10. 102S. v ' "
JAMKB V. ELLlaON. Secret , rv
1
1
18
1
4
1
B
a
Dutch E
rets 47
10
00
119
09
804
Oil,
004
894
U0K
Ind's
064
004
004
004
f)6 4
Oflli
2 . . DOS
5.. .. 004
Dutch E Ind'a
ret '02
06 S
eas
064
004
004
06T4
06
07
2..... 064
1 064
1 ... 06
Geve't French
R 74s rets
7. .. liUS
7 . mis
1014
inn 4
1034
101
10.14
101
101
1034
1034
1034
103
10
11
:i
II..
a..
1..
1..
6..
1 .
4..
I02U
102
102S
1024
102S
1024,
102T4
103
Geed) ear T ft
Rub'r '41
6....
B....
1. ..
1....
4
1034
1034
10.1V
104
101S
1034
1014
2 104
N Y KUI'n C3
64s rcls
1.... 101S
1.... 10H4
10.... J09S
2 104
2.... ions
N Yk N H .
II rv 34s
2 48
1 SIS
New Y N II
II 34s '64
10 S3
N Yk N II i
II 4s '51
1 r,
New Y N II A
1.
B..
B..
20..
10..
704
704
704
70.
70S
704
704
70S
70S
70 ;
St L ft S Fran
Series A
4... .
1.. ..
S ...
1 ....
0 . ..
3..
5..
5..
2..
4..
1..
18..
1....
3....
10....
8....
1104
116
1164
115S
1164
Granby C Mi's
S A P 8a
8 97
Great Nerth'n
Rly 34s
n
08U
OSS
90
119
!M
net,
00
OS'.
SOU
01) i,
094
Citn Se'n ft Si 1
1 08 -
C!tl LcaL-e- Ps
11 .... 07 1
Csre .Is Pas'01
Cep'r bs I
10.... 115
10.... 113 !
C ft O CV 4M.SI
10 88S
a mat) sy 1
C'k ft e cv 3s
IB 914
20 nis
S 014
3(aals) 014
ttsale) 01 S
10 OtS
B 1114
2.... 014
C A A char Be
1 net
1 : nn. ?!.-
. 14. . 01
- i'tl 'tm. ,..nni e.t
Chi ft Alt .'i4i, ", s-TTi
Ar -a s t s "
4ni (
13.
1
3
1
4.
"3.
Gt N'n Rly 7
1.... 1084
20.... 105 4
10(ale)lO84
Heck Val 44s
2 87
Hud A Man td
2 854,
5 ... 8.1
1 83
Hud f. Man In
5.. .. 654 1
50
10
21
24
1
11
5
1
1
3.
23
Geve't F 11 8s
4 .
4 .
5
1.. .
Chi B
3. ..
B...
6....
1....
2....
3...
1....
2
C B ft
.1....
10
50 1
. BOS
30S
60S
t Q 5s
. 08 4
. 084
. 084
. 98
. 084
. 084
. 984
. 084
Q 04
1004
1064
100
100'.
1004
1004
106'
1 81 1
Willis Centl 34s '
74
74 4
74
74 4
74 4
74',S
74
74 4
741.
74 4
744
St I. ft S Fran
Series B
12 88
10 88
2 884
2 884
St L ft h Fran
Series a
1 00U
I Hart'd 0s 1 094
1.. .. 84 4 St L ft S Tran
4 834 cm 5a
3 RIV S.... 1034
20 834 - L Sew'n SH
Tfc R!js 4s 2 814
t 40 ,?t.P KCIty
1. . 40 s Line 14"
30.. .. 30 3...,. 82
10 30 1 82;
N Ik Rlys 8s Sab'd A L aj
1 104 B 28
6 0 Seab'd A L fd
N Yerk Stat 10 44
Rlys 44s 0 444
1 73 1 44 4
N Y Tel 4 4s Seab'd A L Cs
1 034 20 604
1 024 1 en
26 024 17 50
1 03 Sh Steel H 8s
N T Teie'e '41 B 094
?.. . 1024 1 .094
II ..101 Sinclair C Oil
4 .190 4 Ceip 7s rctn
3 102". 21 99,
3(ca!e) lt)T fi . .. MS
2fi ... 101 1 1)1)4
1 10.1S! 2 .... 014
IB .. let , 1.... DOS
1 . . 1034 5 01)S
1.... 104 C(bale) 004
N Y Tle'e "40 2. ... 014
1.... 105 0' sale) 004
N Yk W C ft 1.... 100
Best 44 T 00
4 BSli B 894
0 88 1 80S
4 E8 Sinclair C Oil
0 B74 Cerp 74s
Nefk S'n R Ss 0.... 104S
1 684 10..., 104S
1 CS4 .... 104S
Nfk ft W'n 4s 1 ... Kits
1... . K0 7(sa!e) 1(I4,
&. IV cv 0,1 1.... 104S
1 .. 110 I 11.... 104S
North West' 11 1 ... 101 S
veil 17 1 . . . 1U4,
B 004'
23.,,,. 1104
Se'n Bell T Bs
38 ft IS
Se'n Paclfle fd
3 884
8...,, 884
8n Pae Term' I
1 884
7(aale) 83 4
1..... 834
.Sn, Railway 4s
08
01
074
674
074
OS
67 S
08
67'i
674
874
67 S
vl
a...
2...
4..
1...
1 1...
4...
1...
8...
B...
6...
Sn Railway Ss
fi..... 004
4 004
23 80S
1 864
Sn Rall'y 64s
2 804
8 804
1...... 004
1 094
1 001i
Stand'd OH of
Calif 7s
2.... 1004
a.... 1064
1.... 1064
Steel Tube c
or Am' a 7s
1.
r...
1...
Third
10...
20...
6...
8...
1...
. 101
. 1004
, 101
Ave a)
,. 63
.. D24
.. 03
.. 63
.. 034
1
8
8
0
B(sale)
4(salc)
20
034
024
62 S
024
03
024
624
62 4
02S
63
024
62 4
624
624
024
624
024
624
024
024
2 02V4
10 624
1 624
1 624
Tldewatr Oil
Ce ct 04
3.... J034
Tobacco Pred
ucta O 7a
2.... 1014
2.... 1014
Union Par 4 s
1 02
2 02
Union Pae tls
1 tot
U Tank C
3.... 103
1,'t'd Rly
S Fran Bs
8.
1..
6..
fi..
..
18..
fi..
'.'.
4..
fi..
1..
2..
GOSSIP OF
THE STREET
4
4. ... 804
6 S64
U 8 Rubb'r Bs
There are certMn miporBtltleus- the
ories the market community wllj per
haps never be able te ibitke oft ceraV
Sletely. One of these ! tlie traditional
'uesdnr reaction, wlilrh If it does neth-
Jnir else serves Invariably te preduce en
uneven ana spotty price movement..
Then, 'again, when a major market
swine reached tlie momentum such as
struck by the current forward move
ment with all the earmarks of an in
discriminating outside rnllewln;, pre
fcsslenal market commentators and ft
large percentage of the professional
element 1 en the fleer are in constant fear
of some unfavorable development.
While - the latter element have the
skill te quickly shift position en the
first sign of .danger nnd are always quick
te change. It is n safe bet that the
majority of the active leaders are either
out, of the market or arc experimenting
in a small way en the short side. There
is no denying the fact, there has been
and there Is still being n liberal dis
tribution of stocks by peels, and ether
speculative combinations. It Is admit
ted en all sides that the market acli
splendidly, but close observers point out
that it is far from being", in what may
be considered a sound technical position
te resist unexpected news.
Pennsy's Army of Shareholders
Interesting light en the highly specu
lative character of the recent forward
movement in the security markets is
furnished lu the t-tatcment covering the
number of Pennsylvania Railroad
stockholders. There wcrp 4301 stock
transfers during the month of March,
of which 3022 were made In New Yerk
nnd 1369 at Philadelphia. This resulted
In a net gain of six stockholders for the
month, but established a new high rec
erd en April 1 of 141,810, but which
was nn increase et 4117 ever April 1
Inst year.
During the year there unquestionably
was active absorption of the stock by
both the small nnd large investors, but
the above figures prove very conclusive
ly the speculative character of much of
the recent bullltfli demonstrations.
Foreign holdings ou April 1 consti
tuted 3.82 per cent of stock outstand
ing, as compared with 4.83 en March 1,
ever a year age, and held 31.00 per cent
of stock, a decrease of 0.2Ti per cent.
Women stockholders en April 1 num
bered 60,400, increase 1034. On April
1 nearly twice as much stock 'was held
in the State of Pennsylvania as com
pared with the State of New Yerk,
being 40.42 per cent and 23.53 per cent
respectively.
Mercer of Radie Companies
A prominent New Yerk Stock Ex
change house has become identified
with the radio industry and Is mukleg
arrangements for the formation of a new
Inch will he known as the
enser and Radie Cem-
Jpnny, tlie purpose of which will be te
larrniiKcnieniH 10
T,.;? ' corporation whl
fy.' 1 Dublller Cendc
w Ipnn.v, the purpi
8..
r...
r..
18..
1..
1..
1..
804
804
r.94
804
SO 4
804
SO'
1.
101
111 1: st i. n 1
Or Jt B Bs ,
& 864
Info Met 44
3 107 I 2.. . 104S
1.,.. 100N Slnc'alr Crude
1. lfiOS Oil P Ce 5i
2 . 100 I 5 90 Vj
U 8 Rnbb'r 7s
.. 1014
.. 1011,
U S Rub 7 4s
7 108
6.... 10S
U'd H Steel i
10 102
!.... 10J
1.... 192
) 3.... 102S
1 10.
Va-C'chm 1st
2 08S
Vs-c Chm 6s
2 064
Va-C Ch 74
1 80
12 80
2 09
Wcs'n EU-c Ss
a.... 1004
iWest'n Md 4 s
1 66
Wn Pac lsts
4 87'i
10 89
West'n Pac (1
1 004
West Shere
... sn,
lYVestliifths'e I,
ft Mfe 7s
1.... 107.
1.. . 107 4'
1.... 107
Wlckw'e Spna
Steel 7
0 90
W-B ft E'n 1st
1 70
Wilsen Ce cv
1 03
Wilsen C 74
10.... 107
8 ....107
4.... 107
0.... 100S
4 1074
1 107
Kaule) 107
Ksale) 107',
2. .. 1074
2. .. 190',
10.... 106S
Wis Ctl Sup .
D dlv &. T 4s
2.. .. 794
sr.14 'take eer the Dubllirr Condenser Cem
pany, the I'eUcrnl .Mien Company and
the Cambridge Manufacturing Com
pany. All of these cempnules have been
organized and ere controlled by Wil
liam Dubilier, who invented the Du
blller condenser new in use en DO per
cent of nil the wireless telegraph in
struments lu operntlen throughout the
world.
The new cempnny will manufacture
the Dublller condensers, which include
both the latest invention of Mr. Dn-
filler, which I utilized In radio wire.
ss telephony, and the larger condensers
I lich are npplicil te big machinery.
. e company also will undertake the
I u.vuifacture of all clnsscs of acces
sories utilized in radio operations.
Ne Lean Expansion
Notwithstanding the unusually large
inquiry for high-grndc securities and
the continued quick absorption of new
bend iiues. It Is stated In financial cir
cles that Wall street leans have net
increased ! any appreciable extent. A
great deal of new financing that has
been undertaken in recent weeks has
been for the purpose of refunding, and
in reality, therefore, has net called for
the prevision-of new inene.xs. Several
issues of railway equipment trust cer-
Hifieatcs hnc been made prlvntelv.
without tlie necessity of making n pub
lic erfcrliirf. These issues were sold at
liar and interest, .Yielding fi1" per cent.
Numeieus ether Irsiius of thin character
have been placed by bankers without
nuking u public eueilng which li re
gnrded n factor of the highest lmper
TheDaifeNpvcktte
, Belindas Brew
By Rutty DtntgUu
TjEMNDA was worried, A shadew1
- appeared In, her dark cyea and it
pucker lingered en her lips,
"I certainly would net have set this
brew if I hed known I had te make
this trip te Buffalo. It takes as much
attention as a baby.
"Ten pounds of raisins at thirty
cents a pound and two pounds of brown'
sugar nt twenty; te say nothing or the
tartaric acid ivhy it a rldlculetisvf'I
can't afford te waste it. And it will
be wasted if I de net stir it every day
nnd watch it." Hellnda began te won
der what 8hc could de.
There was no one with whom ,sha
lived. She occupied her tiny studio
alone. There was no one with whom
she could burden .the brew.
Her trip te' Buffalo was necessary.
She had premised Harry that en hb)
next shore 'leave she would visit his
mother" In Buffalo se that they might
both enjoy hia holiday together. In
fact, she bad halt premised that fbe
would give him en answer te hia pro
posal at this time.
New, she seemed te feel it a nuisance
te go se far away Just te see Harry.
And she was beginning te wonder if
this iverc the proper state of mind for
nn about -te -be -engaged girl. She wa.il
Y'ery fend of' Harry nnd very proud of
his officer's uniform. Net that Harry's
uniform had been any special service
Lut it wns becoming, nnd he had grad
uated from the naval academy and had
been in part of the war zone.
Fer the moment the uniform and
Henry she called him Henry when she
did net feel se kindly toward him
paled into insignificance by comparison
with the home brew in which she was
absorbed.
As she put things Inte her suitcase
she decided te be unconventional aud
nsk the young man en the same fleer
te coine in each morning nnd stir tlir
pet. She had never seen him, but the
regularity Yvith which he came and Yvent
each morning nnd evening made her
realize that he was n dependable person.
Tem Westen, Scotch as a bunch of
purple heather, wns surprised nt the
quaint request of the girl Yvhese Y'elcc
lie had heard in the next room te his
own. Fer be it known that Belinda
fang and practiced from time te time.
The man's smile jyas encouraging te
Belinda. She observed a long scar
across his cheek. Then her eyes sought
the expression that wns unmistakable
the tale that told of unforgettable de
struction. She knew in a minute that
the man had fought In the big war.
"Would it would you think It
strange if I asked you te go te my
room every morning for a few days
11ml stir my home brew pet?" she asked
timidly.
Tem laughed. "I'yc done harder1
things than that." he said.
"I nm dashing for a train." she
went en. "Here is the key. The big
stick that lies across the pet is te stir
it with, and and eh, thanks se much."
Tem took the key. "I'll stir it.
Don't Yverrv. And shall I nest your
'mail perhaps?"
"Oh, YY-euld you?" She gave him her
nddrcss. "Don't send papers Just let
ters that leek as if they might be
checks from magazines. I draw pic
tures and sometime I get a check,
which I need."
"I'll try te extract some from the
pestmnn for you. It will give me pleas
ure te de these little things for you,
se don't worry Yvhlle you nre away."
Belinda leied the succession of r's
in his words. In fact, Belinda found
herself as he traveled toward Buffalo
ami Henry thinking far mere about
the Scotchman's smile and tone and
Kc11cr.il magnetism than about the man
she wns en her ivay te see. She could
see tlie great war across his face and
the winning smile that obscured it.
"It eh, no it couldn't be love at
first sight." she tried te tell herself.
"And yet It is something. I have
never felt tills Yvny before."
Then she began te wonder if he had
liked her. Was she his type?
That she ias Ycry much his type
Tem Westen had decided as he stirred
each day the new hissing brew. He
looked about the little studio; he oh eh
M'l'Ycd the nominees of it; he decided
thnt Belinda was u domestic girl as
v ell as a most beautiful one.
. tv Yws-s
s'nkwjssuk
s
Jf-W''Vi
Lecke
" vfitm in k w s r vmu )
" u -'fi-Av ' fJLiXajvM
en ba AAA ?c ' .r,CT. hv riifa
Insulator Corporation 1
PV '- ' II. J UhiBBBl
tJ.ij'i.Sl
c:..iyl . fCf. T.Wirtnm VxtnA OiJU
SeriuA; '4vvJa
1 n. iii .. '.v.itii
Datetl April 1, 1M2. ' D.e AfriX ViaMl
Intere.t pYyaVIe April 1st and October lit at. K.( , Tre' vwV!vb' EWM!
Twaf. Ce., ,tUIliers)M . inwwa. .wpwaiism- " VFy ,r u i mi :-;- yM
? M
va
hieoteo Tas'nat Wixcmmt'lfc. ' It alia agraat te refaaaJ tka Marylaa .
Stat TaxFfeur aa ilx-tatttlis mil
fli aal tka PaaMylvaala
tVritmal .sraparty tax up te faar rUi
V 111'
Frem a Utter from ifr. DmiW Symington,) BretUMiU of th .CvrpwaiUm, ' Hatkini & ; .Mt
(uemua
Public ACe0Wltant$J oerttneewon. ej earning 3 ana bbm ' n ww nmwnun AppmhM
Gempany't valuation , we summarize tfi fouemngs - ; ,t r&w
BUSINE8S: , , - ' . l l ViM
. - The business of the-Lecke Insulator 'Corporation, "lncorperaUd In the -State of Maryland; Sris
fennderl In 189B. ' ' . ,' Mli
The Corporation produces' all tyfiea of insulators for power transmission knd special deskajN
of high voltage porcelains for' transformers, bus, bar supports, dlscenaecting switches, Ujat?
nlriat arresters, etc.. .- r- a,4 v ' ... '
Its products are in' successful use throughout the. world, and 'it numbers among its cuttemen
mafev4tu f 4ti. lafefn aieptpieai nnnratlHe'' .Cemnaniea in this country.. "s i.r
Under date of September 21, 1920, the General Electric Company ' acquired ellj
Jialt of the common stock of Lecke insuuuer cprpormuen iremxne symUftti
pany sold and transferred te the Insulator Corporation its entire1 geed wIIIm!
eusmess in insulator purposes. , T ' i!A
The agreement also provides that the General Electric Company and the Irtv
later Corporation shall exchange all tecnnicai iniormauen concerning lnyentlMa.
J ifi .- - 41.. V..1.4s i,ni.finsea4lnnfei flaU la nsjiail f
anu uuiciiis, no ibi aa nic uuukv vv.v.i...v... ji- ... .., j riirJ
ine iniernsiiQiuu ucnerai jcaccirii; svvmisv n'v svsasssssw ti surea
business of the General Electric Company) acts as foreign sales agent f or tl
Insulator Corporation.
'V
-tl
m
i
SECURITY: ...: 'r;Vt$
These bends will be secured, in the opinion of counsel, by a first and 'direct, Hen en-all tluv
property of the uorperawon, consisting 01 a new manuxaciurmK ini. ,m osuiimerc,. ceitlnt t
about $1,000,000. Alse a plant in Victer, N. Y., valued by the American Appraisal Cemuanv);
-i j 1-i.j -i mennnnn . - -. ',r
axcer aeprccianei ut ?vvv,vvv.
EARNINGS:
Fer Tearsendln Doeerabor St, ISSt s V
Net sales .. sl,835,092.81
Cost of goods sold, selling and administration expenses, Federal taxes i
and ether "charges ..'.. 1,575,444.83 1
. j ii i
$2S9,647.98
52,500.00
,v
lit
' $
. i
i. .......
,.............
Net earnines
interest en zveu.uuu irst mortgage cenas...,
SINKING FUND
i
"'7
rr.v rpMe.i. rj -tje, MM OX..1.:... v.l Viaif will rflttre the AntirA limn U -.Iii,-.'
auq JLiuei. iccu ifiuviuca vi emnium v uiiu ------ - -www tj Maiurjvj
he aVt ineu sdiurp. t ' l Jl
iTlilafUeUlflaUl A -N jtf
The operating and. administrative managemenfc is in , the hands of the Symington interest.
which have been identified with the Corporation for some years, and will, continue ttithoet,.
cnange. j ?
!
W.W.Lanahan4&Ce.
Baltimore
VYCSl X CO.
Phileddphia V; New Yedki'
All f tties bends having been sod. .thls adveremetjt sppeari iai i a mttr of record enlr.
All statements contained herein have been obtaleed from effldal sources 'or these we retard ss reliable.
4 i i. " "
n
10 20li
10 20 K,
4 U04
82.. . SOU
10... . :pi
B . . SOU
1. ... SO
Int M ct 4Yis
Liberty HK ...
Liberty 1st 4'in.
Liberty 2d 4Vifi.
Liberty 3d 44s.
Liberty 4th 4.
Vic Notes 4s..
Hlth
00.00
00.OO
09.70
00.00
00.08
Lew 11A.M.
00.05 00.00
00.84
OO.rW
00.00
00.02
00.00
00.72
00.02
00.04
One merniiiL' the nestmun brought
rrnriinn ii it nnr ni inn menuur iTnTii-Y"- . ..." . . .
taiice in any anal, Ms that may be made "T i" ,. 1?::
cf the Investment sltuntlen.
be n check, and this cave him an ex
eusc te bend an nccempnnylng note.
He explained that the brew was getting
noisy nnd actlic temperamental, as
he explained it and wondered if it
were all right, or if, perhaps, he did net
de the right thing by it:
Ills delight nt getting nn answer
knew no bounds. And it had come back
se quickly that he was sure she had net
minded writing it.
Belinda had a most uncomfortable
visit. Ilenrj she always called him
net turnings Weie!J!'Bt new-wns net what she had once
100.70 100.70 100.70
8.
n.
a
n(
10
111
If.
4
C K I 6 Ml, tilth' e It
8.
a.
in
1.
ft.
1
4
ion st
106U
10BH
108
lean
lOBVi
103
3Sr Philadelphia. April i'0, je-"
"""' A Meetlnp of the RteckhnM.... ...Tv
Northern Mbertle (las Ce. te elect two
Trustees, v.111 I held at the elHca of Vh.
Company. K0 I.arel ptree'. en Tarsday '
Hay 9. 10IS. nt 2i30 e'elaclt I, M. I
m OKOltOi: B. HCIIAtT. H. rotary
"""" " ?. f-iiY
Anninl Fli linns .., Jh r
ii 101
t Or'rt Trim e'
i Cnada T
The Annual. llecUiK of lha BtotkheWir. , . .'.', .. .
Still D lieiu b twv.itv Wi ine (.niflnanv r, v wv-,
r r 1JI1'K0YEMKT tOtll'Y.VY
S,'W. Cerner llrend urdtriii M recta
' riillailelpaid. April l.l. vj .
phe Annual llecUi k of lha fitotkhelde
.The United Uas Improvement ..,,
hi held at the office nl ih. r'.V.,"".r
K. W Cerner of Bica. ami Arch slre "it i !' Oee't ,-n
Philadelphia. Mone,;. May 1, IKSS. mis' 3... . SD.
J'ceck neon (daylght;savii tune), when in I Jan (Jevin't t
ilsctlen will be hld for a President and t3 "D evn.' !?
1
4
ft .
1 .
1 .
a....
1 ...
1. ..
Chi Mil
Bound 4s
5.. .. 7flH
1 7fli
Chicago Mil
Bt 1'aul 4 s
6 7S
80S
ROV.
80
80S
80 Ts
80
81
804
81
81
Pat
40
IS
'.0.
4..
IfiH
18.
18S
1SS
18S
IN.
1H
IMS
T fd
70S
70S
7(1 U
7014
LIVESTOCK QUOTATIONS
riitcoee. April 20. PATTT.n H'Ctlpts.
. fOne had. Artlve. Heef steer", she-stock
I and bulls, lie ti 1.1c hlzher; tap beef sltnrr,
III; bulk. 17..'.0JK.II.-,: vent cahiM, steady,
ftnrl'er and fesdere. strenr le 13c blither:
bull' val cuUes, S7.30Si steclcers. $0.75
T r.n
HOOS1 Iteielets. 1R 000 head Talrlv f.
tlsi . llchter weights r.c te lllc hlslivr: oilier
stradx te Si- hlBher tlun yfalvnlay's uveratte
Tei) 3I0.H3: built. Si'lAlO ill. pies, strong
I le 'JSe hUher. :U.S5iM0,,10. packlnz wna,
IS. . 70
23 .. 70.
SO . . 70
32... . 70
1 ea
11.. .. C0T4
Intl AST C Ss
3 79
I M Marine 0
I. 08i
1. . 08S
ft . SH
a OS's
.ft nncr.
dt 1 KHUEP Ilecelpls 10,000 head. Mew,
lew rany snit. ciippcu mmun, tij.uuiu'i,.
I nd woelart lambs, at S15 ftu, looked about
steady; best net sold early, sheep, sunng sunng
le hlghers fv woeled enes, up te $10,
rhern up te IS TO; ahern jearllnics and twos,
atsnay st tl.30; few medium te geed, 43 43
leund natives sprlnK lambs. 114,
Plttsbursb
1300 head.
lectien win f nia 'r a President and sli
101 uirti " L"' '. " 'ir eitsuira; ear.
and. such ether business will bs transacted
as assy b. tireusut' Lffere I he meetlnu.
Tbe' t0,-c..tr2f ?r opeks will b closed
S3 ft
V. ., Wtdnaedav. April ll. luij.
A. aa. iu.suajr, stay J, lU2'd.
O W, CtmtAN. Secretary.
A
P?''' . mw Tire yvii.i.iam cbaup a se.si
Kv' VlBMMt, MM IjWtlj.NB HlIItpi.NU f OMIU.M
Ihl'Y" T""!T! Klcbmuna nnd Norri Htrrets
lllatti: or
Yi .
RKlftV
i.i
Philadelphia. Ap
Te" Annual Meetlns of the stocknnldsra'et
. WUVaai Cramp Hens hh in sna Kntlnt
tea saMtOa is ... iicju m me eir.ea
'K? Zl: the company. Itiohment and Nerm
i 7 .iraet. , l HI vxv u J Ml ndelphla. ea
''' aitW hul" mlf breusbt tetere the
lK"'SrTTw v CllART-ES T. TAirrr
'' At.W '1 rt,.l
" . II t, ...,y.
lUtNaVLVANU, R,UUtOU
MuUphU. SBIh' April, 122.
m mi day,
i Themas D
SDncr C.
si Dlnseter te saeva
te Mtvrs from this te.
TmSSIM MIUrON. Secretwr.
issues.1
6 7714
SO 77.
23 77.
1 77
K Uelslum 0
0.... 104
8..,. 104
K Bele'm 7 Ha
fi 10D.
K Delv'm rr(
1.. . 108U
2,.,. 10N4
Klnsit'im Ln.
nark ct I,
S . 09 ',
'4 ... !'
'3 . , 09 'i
ii ct Nether
lands ct
2S .... .Hi
110..., llftS
Li... . e.i's
, J.,.., e.Hi
I ft 03
I i... ti
K aweden lis
f a,... 11
Klnfdem Ner-
war i w
Chlcase, Mil A1, - . ,' T"S,,;
P'l d 1, i,wi Cent'l 4s '"op. IS .
S 11(1 ', ".
'.'hlt.BU M.i a "",; Cfnt ',1s
SIP 4s 'SI 10 r"
3 sit. VI SHU
ft SIS
1.1. 81 S
April SO II003 Heeelpts,
lllsher. Heavies. 10 0011:
heavy yerkers and llxht yerkers, $11. .'3
11 8ft: pics. Ill 90. ,
HfllJr,!' Ap i.ai'J. i.et-cipis. euu nesu.
lu.nn, top janiDS, sie.au.
100 head. iliuher.
Illcher. Tep sheep. IU
CAI.YT.H Receipts
SO. 81'.
SO 81'.
S 81.
Chlcase Mil A
ft 1 cv 4Ss
2.... 73
ft .... 72.
3. ... 72H
2. ... 72.
1 ... 73
Chlrsae Mil
fltP fd 4S
I. .. C7'i
II) .. OS 1
n c7'h
2 OT't
2 . . 07S
Chlcaru Mil ui
St P CV ,1s
" . 7ft Vi
1. .. 73 S
1 . .. 7S!4
4... . 75'.,
3 7ft S
Clll A ,N YVest
Ea '87
fi.... 104S
Chi Kwn 71
1.... 1MH
.... ., . a
1. . RO
Juilua Kaj.er
rets 7a
1.... 100S
2.. . 101. 1
K c T Rly 4s
1 834
L U A W 2nd
1 8S
0 80
Lerlllard C Ss
ft 03
I. A Nash RSs
0... 102,
fi. .. lOS'i
Usnall Sugar
Ce 714s wl
101
Jli.t ltiJTnle. A.ull I'll CATri.i: lie-
ce'pts. 30 heud. SUn Oltei Itscclpts
lft 1 h'ad. HIeadj, 1.1ft O.fil) '
HOflP Hccepis isOrt brad SircnB te
UK n?nr. tieavy. 91111.(11 r.nxcn. .11.111
Oil. 11 jerkers, IlKlit yirkers nnd piss,
111 '.'15I 11.3ft. reuiihs 10 m:ts. fUjft 30.
MIKEP ANU 1.A.Y1HJ Htceinls.1400 htai,
C'llpptd Iambi, 23c hlzher. ?ar!lnEs. 50e
hlcher: clipped lamb, I05MI1; jrarllnc. H
013. wethers I9.50&10, cues, JL'JU. mixed
sheep, S9rr0.00.
All Is Chalmers Bookings
According te the compilation of one
of the financial news agencies, the Allls
Chalmers bookings ere running approx
imately $2,500,000 monthly, or at an
annual rate of $30,000,000 and nre com
ing in nt a rate considerably In excess
of billings. Match bookings were well
above the $42,000,000 mark, while dur
ing .Tnnunry they Yere below Ifl.fiOO,
000. Last year gross buUnesi totaled
Sl.Ub.i.L'.iS and
equal te .f4.07 a f-hare en the iJ'JiJ.tMHJ,
000 common stock, teinpareil with a
gross of $31.ni0.2()0 In 1020, when the
net cqiiuled $0.20 a f-hare.
If the company can continue te book
business nt the rate of $80,000,000 an
nually this year it should show con
siderable improvement ever the 1021
figures. The largest year for gross was
In 1018, when the business totaled $35,
031,233. Higher Recerd Price for X. Y. Bendi
The stock market ivas subjected te
another severe test in trading Yvhcn
enbles from flenen icpertlng dl'sensiens
nt the conference ever the Trench at
titude, causing hurried f-elllinf for both
ieiiz and Mieit Mi'cmint anil made tli
market tone nbiuptly change fiem
strength te heavlnes'. The diatmbance
lesultln.T from the ini'Ideni" at CJeiiea.
heMcver. was meic tliiin effiet by the'
unqualified success of the offering of
New Yerk City bertds.
The $45,000,000 44 per cent bends
were subscribed for right times ever
the total amount of bids, being $357.
000,000 and the bends were placed close
te a AHi per cent basis, the pi Ice
realized being the highest 01 er obtained
bv the city for n 4Vi per cent bend.
The highest importance yves attached
te the fact that this indicated an ex
cessive demand of ever $300,000,000
which Is t'lpeeted te seek emp'.ejmcnt
in ethers quarters.
Till: TUADKIt.
TOWNSHIP ORGANIZES
U. S. Certificates and Treasury Notes
Man lilav'il Is
I.. 1 . 71
Market St lt!y
S Vrin 1st
1.. .. 014,
12. ,
Int Maturity
Bate Data
t4V June. 102.'..
tBS June, lli-'S.
tBS Auk , 1U22
4S Kept., ll'J.'..
t.1' Sept.. ill -'2,
3S CM. I"'-'-'
!', Dr. , II'.-'.
t't'. Mill 10-3
t'.IS June I'l.l.
II'1 Asked Yield
100 3-32 100 3-32 .1.10
loes 100 n. 10 ail
loe 17 32 joeS n.ie
Kill'-, Iih lfi-32 3.J1
100 21-32 100", .1.23
100 1110 1 10 .1 J",
ion ii-iii me ii-in .1 11
100 II-1 (1 ID) 'J1..IJ .!.)?
10' 3-111 111 I 7 1U 4 01
IMS 103'. -4.0-,
10lr- I01S 1.111
11.1'. 10J I 14
Knnint from Kedera norm il Income lax.
r.is TACcrpiuu p or imv-niin 01 i-icume i&k
" '. i .1.. .... lu,. nf mi.liihll,
3. .. 02 """ '-" r.'-lT-.." . ,
Murland Oil '
war'd 8s
07 113
Mid 8 A Or 5s
1....S SOU
l..i.. 8914
8 ag
23 0
thought him. lie had become, in her
uyes, conceited. lie thought only of
himself, and while lie was persistent
in his wooing of her, she felt that she
would net be missed se gicatly if she
were te tell him no.
And this she did. She said that she
felt tlint she did net love him enough
te marry him.
When she returned te her studio she
found a cluster of roses en her desk
and a spray of white heather.
When Tem arrived home that night
she opened the deer of her, studio. He
almost dashed toward her when he shook
her hand. "And the brew?" he nsked,
te cover his joy nt seeing her. It wns
the ivay of the Scot te hide his emo
tion. "Oh, It's all right. Come lu and
,Hee." Belinda's heart was thumping
1 tee quick!) .
"The resea V" she nsked, looking up
at htm. "And the white heather?",
"Oh, the heather N te make the
checks come quiiker. It's lucky, you
knew."
Belinda held the spray in her fingers,
her ejes lowered eer it. "And the
roses?"
Tem looked into her ejes. "Could I
tell you about the rotes some ether
day, please?" He heltnted. "I I
just couldn't tell jett new."
Belinda took the situation in her
own hands and tried te make it casuiil.
It seemed better.
"Of course, jeii may. Vh don't nu
come in and have a liite wllli 1110 (te-
meiuw nlgutf 1 nine te cat. aim se
M
O
O
D
Y
R
A
T
I
N
G
B
O
O
K
S
P
R
O
T
E
C
T
Y
O.
U
"Why Werry?"
,TI THY .worry about the safety of your
' V V investments when there is a way te " '
protect them? '
Meedy's Rating Boek Service will give
you all the facts en every bend and stock
you own; it will rate every bend and stock
you own.
It will show you hew te place every dollar
of your capital in safe and secure invest
ments arid avoid all danger of less. .
Nearly twenty thousand American in
vestors make use of this Rating system and
thereby avoid all investment worries.
Ask your bank or banker about the
"Meedy Ratings"; he knows for he
uses them. Or write us today far
full information. -
Meedy's Investors Service
35 Nassau Street, New Yerk City
BOSTON
101 Mak Strsrt
PHILADELPHIA
Rul Eitit Treat BM(
CHICAGO
Fir Ntiaasl B..V BUf.
Toe Late!
" ' ' MA
b the period of eiccnnnday
Urm in thai 3rnMr Molre si
.QJ.eaa J s I
UVGlJ ?d
Is it tee late te buy for I a
long puii user; vt
in
' M1
Boabseiti
ve
ncruni etm
Speculative bulletin juet efftl
press, answers. these quaaOes '
and aivea von the Dlain rabissU
facts en the situation. WitfltMf-V
I. i.Im ...... Man AAA kS 1
siuvsuiduvii yuu uui e wsima1
aneaa ana govern yourseu
accordingly. t
Repert en Request
Reprint from this SpeculitlveBtdalt
and Booklet "Gtfttf th Afsff nm , J
J'sirMesif3i"-is available forttetrl.$
lien te Interested Investors, gratis, ''",
Tear eat tae Moe-and Bssaa
te your secretary wnen you eictsssiss ,i
HAstea.evS esMtsll 'J
iwa uem mt ..-.... tt J4
1......... MEMO
Fer Ytir Secretary.
Write Reger, W; Babeon, pretku
Babeon's Stitistiesl. OrganUa
weuesiey muis, k, iviassv.' as m
ricaae aann me
rear int from.'
Bulletia MD3 I
BAA-PaSMSi
fnrnYcutUMtl
srails. JfJI
BB)iesnsnsersBSji
Where is the Leak
in your coal property profits?
Ask Peabody Service. We
have the facts, gathered daily
from .36 bituminous mines
in 11 fields and from nation
wide contact with markets.
Write for particulars.
COAL COMPANY
Founded 1 83) '
332 Se. Michigan Ave. . CHICAGO
Operating 36 Bitumineai M'mtt in 11 Fittdt With Annual Capacity el 21, 006,000 Te
All Communities In Haverford Select jtCv CWd iu help?"1-' ' M
t'.'.i. "en. . IIIL'l
t'l", rich I0J.Y,
tl6i .M'ti.. tiraii ,
Paris Bourse Unsettled .
I'arl. April '.'0 Price were unsettled en
the Kourse today, Three per cent rent,
fiT francs 80 centimes: esehane" en Londen.
48 frsnes: B per csntUean. 78 francs 1
rentlmes. The ebllar tas twetel at 10 francs
84 centlnws. '" T
General Committee
A general township committee com
posed of reprexentatlves from evpr.v or
ganization and ahi-edatinn in Ilnvprferd
Township Yrns organized ut a meeting
held in Llnncrch last niglit. Tlie ot et ot
gunizatlen ii known n the Haverford
flenernl Township Committee and its
officers are: President, Herbert Minis,
Pcnfleld: vice picident, ,T. W. Brain
aid, O.ikmeiit ; wietary and tieasuier,
V. A, HeiigHt, Llaneich.
CouiinltteeH of thicii from the follow
ing (emmunitlcs were nreM'iit : l.lan-
I'U'li. Odkineiil, lli-oelJjiie, Beechwoeil.rj
I'eiillP'il, Keuth Arilmuie, .Yiauiia mill
Hen Air.
A committee (tniipered of the officers
wuh iippelntcd and inntiucted te attend
the meeting of the Beard of Township
'Commissioners. Monthly committees
will be nppelntcd te watch proceedings
of the township s governing oeuy ami
report back te the new body se that
concerted action may be taken en any
question.
'I Leuld heln jett de anything," he
said.
And it was net long before the land
lady in tlie house had te cut doers be
tween the studies se us te make a real
housekeeping apartment. Twe of her
tenants lind decided te be married.
SHIPYARD DISPUTE ENDS
British Arjrec te Wage Cut New and
Others' Later
Loiiileii, April W!, Beth sides le the
shipiaid wetkers' dispute, which in
volves about 1100,000 men who are new
011 strike, have agned te terms of set
tlement of tlie centi eversy.
Under the agreement there will be a
cut immediate1)' of ten shillings weekly
in the wages of the men, nnd the re
maining six shillings cut Yvhich the em em
?leyers li&ve ordered will be split Inte
we installments, taking effect respec
tively in May and June:
The Privilege of Service
Our highest mlvilcge te te render Eervlce, It id the
foundation of all civic and business success. This organiz-i-tien
considers it a privilege te serve its clients in nil matf
relating te REAL ESTATE nnd MORTGAGES " WeTavc"
LVeeVvffersPr0PertieS BUUablc fr businesSwe
JMES D. WINCHELL
Every Phase of ReaJ Estate Service
17th & Snnsem StS. Telephone
,-AH
.. I'
Most Complete B
ever published en
Drecedure. dealins
ssrltli m arlret and dlvii
esoeotkiltrtisa of Neff Vl
Curb stocks. Jvat off ttj
press. -
THIRTY-EIGHT PAGES te
en reauest. ill
Net peuibU in this Pff
astequate description of com
tents and purposes of W"
important guide for invette"
and traders. '7
RESERVE a copy and
yourself, no cMris or obit t ,
CsJL phene or wrsie
' Jenes &.Bakm
sl . . si t . T.eY in
Membtn NtwyetK -utp a?""-'
Vt . B.t.....SSfl..
wirrvt riivv "" , ,.iu-
.', Vi.,1, r-ki...n enif.n rhlUdtiM1
Pitliburih Detroit BilllmereC
PHIIDELPHIA OFHCE
Widener Building
t 1 . Bell Lecutt A
Telephones 5"en. . r,c 5
BALTIMORE emCB J
433 Equitable Building '1J
Telephene si043
". Spruce 1 ir.rt llj
Philadelphia
WELL RATED FIRMS
SBitla'YYiif luJW'&rviSfl'.f Werkin'
C. TREVOR DUNHAM, Inc.
24tU North Bread St.
.kiftAej:p,teBu
ISAAC STARR, JR., & CO.
United States Government
Securities bought and sold
at prevailing market prlcat.
16U.Wm Ste., Fkil.d.1, kU
PhiUe Rapid Tn
5i. 1957 .
unni uv urnnn A.
333 Chestnut StreetjW
Members N. V. rmm. "-
'1-
RJutl, Hilars (las A Elf fMs WM
weisbnth Cesaeaar . 1 :- ivl fi
SAMUEL JL PH
MjiAiMW,f,lrV
Vl&fat' ..
V
. -s"J t -r Y'j .... j.
rJssssfssssV';
,.".,, 'y.yJ
Kiattft4Wljrra
flWAt
.