f v" m tf ii :.:-.l'i.mJtttktumm aW. I mi. i in 'I' VfJDF, w A . M -t.'Ak-i BOND TRANSACTIONS T-"- iVf, t-r 'rf ' . V -J.X tBAtJM IN $10001 ": M. HeVe Ti ;-... 101H .... low it ratera ta ii.tfi T airtin'.' n eetta'a h ,..,' hi M. COpSD. jiwaam ,- .-...'. .. ...., ai. iivsas t R:i.",nt .,.... MTU mmi si t'KfijI (ft SUn Am. t.. .& . nsfle la wt Wi -. I 3... 1DSU eVRTu' K Z "" Tir $' Xaee8ewl ItMS-S...... be 5 IV-Jl 14 H-J.frB AS f i ; m SiTi ". . . .- 9 WCMr Zurich Si "-' i , tia (ffiSjDwunark Cen H'ui DPt Still 71 ?' 04 U . iif uanaaa 'an i 3(1' 99U D Canada '3a V J. 1.... 1004. ' f'D Canada '81 T . ft 1...1. 0Si V.XJe Can 'S3 wl Je 80.... 100 Klntdem' Den mark et 8 i1.... no; K Italy OUa 3 0H : no a.... gnu K of Nether lands ct 0 10.... 10 T(al) 10 nn 0.1 Ti 08 3 06 U l..w. 00 T(sale) 0 11 (flat) O.Mi a..., 4 oe 2... 05H l nfl Kingdom Ner way et U i.... nn; iv. grMin ia 3.... itiK J.... 103 Sa... lOITt i.... loin Parlt-Lyent M et vl IS. fl... B... B... 1... S3... MH BS14 88 an MS S3 30 (flat) 83 : Queens' d Ct wt 6.... 102 U 2.... 102U 3.... 10214 Queentl'd lxt Lean Ts 1.... 110'i Rep Chile 'HO SU" iT, v-.-i.- wr . vvuicn r ina fj rets '47 l... esn j.' - .v 1 0.1 Dutch H lnd'a reu '3 2. 8 a 80.... 7.... 1.... 1.. 98H en 00 00 H 00 S 00 os t; 7 teal.) 93?, it Prtnca Hi I ' K'7Ut ret t.... 101U 1.... 101H Z- 1.... 101H r i.i.. ieih ,, 4.... 101U J Oerft r R M ; i.... ie4i . 4.... 104H A 1.... 104 li B.... 10414 jf 8.... 104H r, 4.... 104 H K Btlrlum lit 2 1 0ft ?jX Btain th 103H 103S 102 lest; 103; 103H 103 . 10241 1031 Rtp Chile '41 0. 8. 13. 75. 30. B. 10. 1. 10 (f.At) oeti A..... B04 V'A H Mnlca L.tri Sa S..... 03 Adam Km 4 s 1...... 7U S... .. 70 li AJai Kub't lit 1 Bi l.... 04i 3 03 Alaa I)uVr It .,, 102 I... .ie2; Amn Ar'e tt caitm Bt 1 04U Ann Atr'e Cbm 7H B.... 103i 8.... 103H 1.... 102H 1.... 102U Ann S4)i(i 8 02 1 02H 4 02H 8 02H 0..... 024 11 B24 Amtrlcan Su Rr 6a DiOPLE w va 4a St. i. 80 Bait ft Ohie 8 W n 3Ul 1 01U Barntil'll Carp 2.... 100 Bell Telrphent if.ra 7t 1.,.. 1071 1.... 107'j 1.... 107 ntih Btetl ea 0, IB.... IB.... r..... 10.... 85....' B Stett 10.... 10.... 8.... 1.... Bread'y nsc n 08 en 00 00 Bt '30 03 0.1 OS 08 7th 1. 8.... 1.... 1.... a'.'.'.'. i... l. i ... B... 1... ' 1... 9.. uJ- k 108U 1081, 108U 108U 108H 108Vi 10SU X Btltt'm rctt i.... ioe; vJCIntrdem Dn- 08H 08 U 08i 88 H - 2' 3... 1... 103 105U 103U lORi; less 103 4 10BU Rep Chile 'te 10SU R Cuba 6a '04 1 00 1 00 Rep'e of Uru cuay 8a 1.... 10RU 3.... 108 1.... 10SH 1.... lOSVa Swltx'd Cen 81 10.... 117H 1.... 117S V K Ort Brit A I'd 122 2.... 1081 1.... 10H 1.... 108 V K Ort Brit ft I'd 1020 r,.... est 1.... 108U U K Ort Brit I'd 1037 1. 1.. 10.. n.. e.. . n. 102t i -'-; 102U 102UJ 1021; 102U 1021; U S Brazil Hi 1.... 100 8.... 103'i O(iale) 105 U S Mexico 4i 0 03 10 55 Vi 2 BBfc 3 C3U IT 3 Mexico Si 10 00 30(tale) 00 100 loot; 100 1001; 100 ioe; 1001. ioe u Amn T T ctt 00 li A Tel ft Tel r.t e e;i 1 07 1 07. Tel ft Tel Cs 1.... 114 e... ii4; Amer W P fi 1 87i Amer'n Water werht Ba 1 80 1 SO Amer'n Water Werka Ot 1 87 -i Ann Arbsr 4i 0 70 Armeur 4 Ha 1 01 0 01 A T ft a Fe al 1 84 C 64 A T ft H Fe 4a B 88; 3 88; 1 8RK' 7 (tale) 88 4 i ; A Ceatt V clt 1 83- 3 821, 2 82; A Ceatt t, 7s 1.... 103H .Vtl'e Fruit 7a 8 44 11 1.1 Atlantic Rcrirfl ct 04a 2.... 104 Bait ft Ohie cv 3 81 r, 1 814 1 81. Bait ft O 3 4s 1 03i B & O Tel 4 1 07U Bait ft Ohie St 8 804 1 80; 21'....'. 804 B...,. 80 'i 3 87 Unit ft oaie 0, 2...., 0!4 2 00H ie en,, B 004 s oe; Avenue en l.i...' 07 Bkn Edl Ce Bi S 044 B Edit' n C 7l 2.... 100 B EJls'n D 7i 1.... 1074 1.... 1074 B Rap Tran 7e 10 HO Buffalo Rech'r ft Pitt 4U 3 004 Calf O ft K Bt 2 en; 2 03V Cana Oen Ilec 0a wl 1.... 101'i Canadl'n Nthn 04a rctt i . . i i i ., i.... ill 1.... 111! i . . . . j i i j Canadian N 7t l(sa!eniS4 Cana'n Pac 4t 1.... 2..., 1.... 33... i It.... 2.... 7 . fi.... 1.... 0.... 8.... 1.. 10SX ier.4 1034 ion. 100i 10B4 1034 1054 1054 1034 100 ioeu 3.. 3.. 3.. 784 784 784 2 784 1 784 2 784 1 784 0 784 Ctl Leather St 0 0 Cen'l Of Oa en 0 08i Ctl Pacific let 1 834 Cen'l Pae 34 2 804 Cere ee Faa'e Cep'r Sa 2.... 1134 1 . . . . 110 2.... 1134 110 1104 110 2.... 1104 C'k ft Ohie 5t 1.... 1004 C'k ft O cv As 11.. 10.. 6.. 1.. 4.. 3.. 1.. ti i 1.. ntVi 014 014 014 014 014 014 Chl B ft Q neb 1 034 Chl B ft Q ft, esi; CAB I Bih'AI 8.,... 824 2 824 9 82 2...... 824 4.'.... 83 Chlcace'Mll flt P 4a '2.1 2 704 cnieara Nil ft PF mi 4U" 4 804 Chloaae Mil ti StP ti 44 1 044 Cblcaara Ull StP ev 44s 1 704 1 70. 1 704 cnicase Mil ft St P cv Sa 1 744 1 744 2 73 Chl ft Nwn 7 1.... 1084 Chl'e llw's 5 1 34 C 834 C R I ft P fd 1 824 1 824 Chl ft W 1 4s 1 744 C ft W I 74 1.... 1024 Chile Cep'r t 1. 0... 8... 4... 004 0044 2..... s: Cuba Railroad Ce 74a 1.... 1034 Del ft It 54t 1 094 Den illOlil 1..... 484 Den tltOli 1..... 824 Uet L'dl Ce 0a 1.... 103 0 102(1 Dft Tun' I 44s 1 884 1 874 1..... 88 D Match 7U 1074 D de N'emeura Powder 04s 1.... 1074 2.... 107 3.... 1034 1.... 1034 12.... 1034 Duq Llrht Ht 1.... 1034 8.... 1034 t.... 1034 Cmplrn Oas ft Fuel 74 1 E 084 Brie Uenl Lien 10 53 C S3 4 Erie Pennn Is 1 884 Fraticltce Suit 74u vl 2.... 1004 8.... 10011 Fram'u lndutt Wev 74i wl , 1 004 1 004 1 i"4 I...... 004 ; i4 1 nnt. Ceiie'l E!i 3, I.... 100 2... 5.' .'.;.' 10 Int M ct 4?::::: 88 12 no ie 8 iii...; 2. be.I.1.'! 11....! Intb'e R 11..... 03 1 3..... l.t... 20 20 4 ' C 4 3 !0 144 144 144 44s 184 18 14 4 14 U 144 II 14'i ,Htt '144 144 144 T td 72 72 72 V 724 T2H 724 724 724 724 73VI 724 724 0 .... . 404 North Wetttrn u BtL. fd Bt nan T 7t I..... 40 M HIP ft S Rtt Marls 0"4 a 3.'... 10.14 0 004 M K ft T aj wl fi 004 10 80. 10 B04 2 B0U Me K ft T 4t 4 00 SI K ft T 4s wl 8 '804 UK ft T Bs wl t... 23... Me P 1... 20... R 2... 10... 11... 14.-.. 004Ooedyear T A 00 00 4 004 1)0 004 004 01 004 01 1.... 1.... 1.... 1.... 2.... 1..,. 1.... Chile Cep'r 7s 1.... 1024 2.... 103 B.... 1024 OUT 44s'S 1.... 1004 C N T 4Ub'01 Z..... 102U C Cln C ft Btt, Carle 4a 4 834 Cleve S L 44s a 034 Cole ft H 44s 1 874 i 8 C Tab ft R 01 2 07 1 074 Can'd Ceal Ce or Md Si 0 864 1 884 Cent'd Oas 7s 10.. B.. 3.. 10.. .. T!.' i.. i.. B.. 1.. 3.. C B 8.. 1.. 1.. .. 00 .. 084 .. 084 .. 08; . . en .. 084 .. 08', .. 08 Q 04s . 1034 . 10B4 . 105 . 1034 1104 III 1174 1174 117 118 1174 118 117', IIS 118 S 8t 1044 5.. 14.. 10.. 1.. 1.. Cuba 1.. Cuba Ce H cv 1 834 Cuba Ce bur 8a ata - 5 83 5 83 1 S3 Cuba R'd Ba 3 84 Rub'r 3l 1.... 103 1.... 1024 "(sale) 1024 1.... 10.1 2.... 10S4 1.... 103 I.... 10.14 5.... 1024 !... 103 7(ale) 10M 1 . . . . 10.! Goodyear T ft Rub'r '41 1.... 110 S.... 1154 1.... 110 4.... lid 2.... us:. ONthn R Bt, no, I M Marine 0t 1 074 2 074 1 074 074 10 074 lnt'I Pap 1) Bt 83 1 834 Island Oil ft T Ce un 0s 4 004 Julius Kayter ft Ce 7t rets , 1.... 1044 3(tale)104 I 10.... 105 1 Ktlly Sprlnc'd Tire 8a I 1.... 1084 I Lick Steel '30 ' 1 Ot 0 .. I S OlOlNT Lake Shron M: 7.. S'n 4a '81 1.. 4 0141 1.. ' L Vat en 4 4a 20 2 004 Lehtch Val A . 4.... 102 I. ft Myera 3a 10 054 I 8 054 I 834 SB 4 R 4a 014 04 044 04 04 044 044 0411 Me Pae Ct '23 100 Me Paa Si 05 2. . . 88 18.....' 871 Me P R R . 1 004 1....'. 004 1 00 1 004 B 004 New Or Tex ft Mexico 6 10 704 1 70 1 70 N Y Ct'l 34 774 N Y. Cent'l 4 10 884 N T Ct'l 4 41 ... 874 Cent' I 054 2.... 100 2.w. 1004 1.... 1001, 4.... 100 N Pacific R 41 1..... SO 4 80 ...... 804 U.,... 804 N Paclfle Rh 4.... lOBft 1.... 100 Or ft Calif Bt 2 09 Orea-en SI. 4s 14, ...i 014 Out Pwr Nltf Falls Sa, 2..'... 004 Ore-V R r Ce ft N Ce- fit 1..... 814 2 814 0 .814 0 814 8 814 18 814 1 814 B 814 14 a...... 814 5 8)4 3.... 814 5...I. 814 .'.'iyim ; .ri5 'i$. Otis Steel lata 0.... 103 1.... 1024 Paa O ft E Si 5 02 4 824 P T ft T 5l wl 11 024 4 02 U Paclfle Tel AT Bt rcta 8... 0... 04 044 04 04 04 04 04 ! Ild It St '3T. 1 3 82 V. 1 3.. Leult ft'Naah'k y IIH 0,1 i R 8. 044 1. OS. 10. 0.1 4 irackard . Moter 03 Car Ce 8a 034 4.-... 107 B 054 Pan A Petrm Y Cent'l Os ft T Ce 7s 2.... 1024 ' 100 4.... 103 IP Rd am 44 0... 3. 3.. 10. 1024 .. 1024 . . 102 .. 1024 .. 102 .Vath 7i .. 107 108 Ruaar .. 1024 .. 1024 Cent'l 7 1004 4.. 03.. B.. iN Yndlsn.Ce 1 04i rcta .... 1004 New Yerk O ft West'n 4i 1 744 N Yk Rlys 4 0 404, N.Yk Rlys 3s 13 104 1 13 SOU Penna R R nt 7 084 2 084 1 00 10 00 3 08 8 084 Penna R 04 1 1.... 1004 l..A. 100 l..?. 1004 4 1004 2.... 1004 Penna R R 71 C.... Gt Nn 4.... en HOI, en 004 Sly 7a 100 109 Hm-k Val in. c .',': Helland-Am'ti Line Ci 11 eat. Ilud ft Man fd 1.. 3.. Le ft 1.. 4.... Manati 00 Ce ct '"'"I 4.... 100 ""'J 1 Market St HI, r. in I 2.... 1084 S Fran ltt N Y Ryi ct Btlp L'ht 3 804 -3 11 Ceal 0s J f4 0;.... 11 I a-;-- 10M 1;.... 84 New Yk Sutqll""-! E 1st 3(sale) 80 (mm I 1 784 ? SJI 2 07 Pere Mirqt 4a 0..... 80 NTTeteV44 4 81 MOII wa'd 81 2 03 1 iu IOO N T Tele's '41 Pere Marat St WrtVi.fcw ' li M W 1.... ta rrediM.4 R It 2..,.. 00 Pre ft Refiners ward sa 1.... 109 1.... 1084 1.... 1(10 Pub Htrv corp w Jsy 7a ...., 84 7(tale) 84 1 83 Readlnx Ce 41 l.... 844 x . I,., n.) iX..... IS Rep'e I A H Ba I. i.i, 084 w oe Reck (I'd Aft J-euia 4Hs 2 Sit Reme Water n Ofdii en '1 004 StIi I'n Ml. ft a.wy 4a 1 87 10 H7U Sf L I Mt A S R ft U dlv 4a . 884 1 824 Bt I. ft B F aj 10 80 ..... 804 80 '.... 804 8t-L ft s V In 074 8 074 ".'3.'.... 07 St.L ft s Fran aeries A , "tatl M M 1 ... l.n.i 9H 99 H 99 0 IUIU wnciair C Oil Cerp 7a. rcta !... 100 !.. lOOt; 2.... 100 ' tsaiel 100 6.. 8.. ... 3... a.'.'. 100, 100 100 100 100 100 1004 inn Sinclair a OH uerp 74a. , I.... -104H ..... I04 ;... 1044, 1.... 1A1U Sinclair Crude uii r co B4i e neu bO'n Bell V Bt la a a a OS Se't, Paclfle fd ...... 874 ".. 814 8. 4.... 18.... 1.... 21.... T24 724 724 72 724 724 724 72 i....'. 724 1 72 St t, ft a Fran Series B .'.. 874 '1 874 St L ft 3 Fran Series C 25 .... 084 St-Ii Sw'n lit 7I J 78 0 70 St L Sew'n Bt 1 ri 'n Paclfle 4a - 82H 20 8011 3 n Pae cv 4a S 68 Sit Railway 4t ' 07 1 n? 8r. Railway. Ba ... 084 1 084 Sn Ratl-y ni 5.. 5... 6... I... 1.. 1.. B.. 1. 1.... 1.... Seab'd 1 1..'... 13 IB 8 8. . ; . . Seqb'd A 4 80 80 4 804 L fd 41 41 41 41 41 41 40 404 I. Ot 574 674 574 004 00 0 04 004 804 004 00 4 09k Stand'd Oil of calif 7a B... 1004 2.... leau Texae ft N or R lat 8..... 004 Third av nj 004 1 804 8 004 un'n Bar ft P 10 S 1 074 J 074 B 074 Union Pae cv 1 044 1 044 2 044 Cnten Pae 4a 2 014 1 01H B 914 1 914 tli 1 yi:4tW Til l,vBlt vara Drw Jf..? 1M 1....' lMfi 9.... 1(8 Ct'd my t C iTan ea B...,. 84 r .... 184 B..... 8U O Rubb'r Bt 11.... Wrt B 89 2....'i N4 It.... 00 B 80 6 '89 2..... 00 1..... OO V S Rub-74a 1.... 108 0.... 1071 U n smit M "r"8a 6.... 1004, . 101 U'd U steel 8a '.. 101 !... 1014 il..,. 1014 !... 1014 Xaate) 101 4 2.... 1014 8..i. 1014 .... 1014 1.... 1014 .... 101U 4.... 014 I.... 104 1.... 1014 2.... 101 I....' 101U Utah P AL Bs 8 .utu Va-0 Chtrt 1st 1.... 100 Va-O ch 74s .... 1034 1.... 104 4.... 1084 10.... 104 Va Rwy Ce'Ba esv Wabath R lat Iw... 074 Wea'n Klec 8a B..,. 1004 Wett'n Md 4a 1 03 1 03 West Shere 4s 10 814 W Union 04s 1 100 4.... 1094 iWeatlntha's E ft Mfc 7a 1.... 107 2.... 107 8.... 107 1.... 107 1.... 1074 W ft L B 4U 1 60 Wilten Ce 1st 1 004 Wilsen C 74t .. 1034 .. 103 .. 1054 .. 103 Cent'l 4s ... 80 ... 81 im -' .'.'.." r - f- , . - Vi 'I a. ' ".iinUiaa, 1 niiijMltiillii lit ml its Sa UKJCKHr '' JMTf-.i JVV vs j - '' 1 1" " ii mi 1 a 1. 1.. 1., 1., Wis 1.. 1 1 821, 1 S3 1. Hud ft .Man In 13 GI4 0.V, 4 05 4(sale) 05 , 10 634 1....T 04 Ills cen'l 64s 1.... 1014 Indl'a Steel St 8 004 Info Met 4s 30 14 30 14 .... mevi "ii m.i lt.... 10041 1.... 103 Max Petr'm 81! 7..., 104 l J.... 105 V V Tele'e '401 83 K I 3 Mich 103 b Tel 5a 2 08 2 084 1 0S4 Mid U ft Or 3t 1.. 1.. 024 02 024 02 024 024 02 02 Min ft St I. 4s 1 474 1 474 1. 111. 4. 3.. :.... 10541 J.... 105 I 1... N Yk W O ft Thlla Ptt 44s 1... 1 B7 (.. N Ohie Trae ft1 0... Llaht 0a ,PhllH 2 074 8... Nefk S'n R Bs 2... 1 074 4... , 7(sale) 0711 Pierce .-" wn rv na 1 00 .. 00 .. 004 .. 00 .. 00 .. 00 Cnty fd .. 07 .. 974 .. 074 Rlys 4a .. 50 .. 584 .. 554 en as 1004 3.... 108 Pitta U Chl 1.... 108 I PI I. a B N ft W Poeo's 7 97 coal Ce 4s 10 85! 1 ? 3 fi Ft, h B J E'-l i, is- s 1.,-N KH tu We Own and Offer: 3S,000 Fealarttl Und Bank 50,000 Lehigh Valley R. R. General 15,000 Carthage 4 Adirondack Ry. lat 0 14,000"Headinf, Jeraey Central Cell. 16,000 N. Y., Chicago & St. L. R. R. lat 50,00d PitU., Cin., Chi. & St. L. R. R. Gen. 15,000 Western N. Y. St Penna. R. R. 1st 10,000 Pennsjrlrania Ce. Cell. Tr. 40,000 Southern Railway Equip. 20,000 Pacific Tel. dc Tel.' Ce. Ref. 25,000 Buffalo at Suaq. R. R. lat 5,000 Lehigh Valley R. R. 40,000 Grand Rapids & Ind. R. R. 2nd 50,000 Wabash Railroad Equip. 25,000 Atlantic Coast Line System Charleston 4 W. Carolina Equip. 50,000 Erie Railroad Equip. t 20,000 Georgia Ry. dc Power Ce. Gen. 'Free from State Tax in Pennsylvania. ITax Refund is Pennsylvania. Rat We 4'c 4?i 4?c 4fe S'e 5 ft 4ft SKaft 5ft 4ft 6ft 4ft 6ft 6ft 6ft 7ft Maturity 19421932 2003 1981 1951 1937 1970 . 1937 1931 1926.1928 1952 1963 1928 1936 1931-1935 1927-1931 1934 1941 Price 100J4 84 4 84J2 87J2 88;, 98 98j2 91 Mkt. 9454 103 85 Mkt. Mkt. Mkt. 103U Te YUld 4.47 4.75 4.80 4.80 5.10 5.13 5.15 5.25 5.40 5.40 5.40 5.45 5.50 5.65 5.70 5.70 6.70. REILLY, BROCK & COMPANY 306 CHESTNUT STREET , PHILADELPHIA 1 I i 1 1 I - : 1 1 MM"','MIWllWlll,,,,'''''''seaaMMs; Liberty ?Has ... Tiiberty 1st -1m .. Liberty 1st 48 Liberty IM 4Vi8 Liberty 3d 4iJ Liberty 4tb 4Ks Vie Nete V, . Vic Nete 434s . 1:30 Hlah Lew P. M. . 00.20 00.22 00.20 . 00.70 00.70 00.70 . 00.80 00.70 00.82 . 00.02 00.48 00.52 . 00.80 00.84 00.80 . 00.00 00.80 00.88 .100.02 100.02 100.02 .100.04 100.GG 100.00 LONDON STOCK MARKET List Shows Stability, but Business Is Net Brisk Londen, May 16. Completion of ar riingements te ilistrlhuta 10,000,000 additional from the Government's war indemnity te the railways of Great Ilrltnln created a feeling of cheerful ness in the shares of domestic carriers en the stock exchange today. Changes in the group, however, were irregular. There was no feature te dollar descrip tions, which Anevcd within narrow lim its, geme Argentine rails wcre'ln favor. There was hesitation in the oil de partment, where adjustments were in progress. Royal Dutch was 41 Vs. Shell Transport and Trading 5 3-10 and Mex ican Eagle 3010. Sentiment in the industrial division was confident, but' alterations wire mixed. Hudsen's Day Lwas 0. KUDDcr snares were ncavv, moving with the crude article. Kaffir) lacked leadership and trading continued te be confined te professionals. Gilt -edged in vestment Issues were quiet and easier. French leans were lnnctlve and soft. Generally, the markets tthewed sta bility, but business was net brisk. LOCAL MINING 8TOCK8 TONOPAH STOCKS Bid Caah Bey 03 Jim Butler 00 MacNamara 11 Crescent 112 Midway 04 Mlzpati Extension Oil Mentana 08 North Star (M Re-cue Eula 10 Tonopah Eit-mlen 14 West Knd 014 West Tonopah 02 DIVIDE STOCKS Allied Divide 004 Alte Dlvld 004 Ilelcher Ilelcher Extentien .Ot .01 l w M . JA J Kt K- Bfia,' mt. a: m wr 3k,r. ISG Wl I . ritrt . IJi. r A New and Improved Graphic Tax Chart We have available for distributhBJa chart which spivs' cliarly the co'pi ce'pi pmatlve difertnee in net yield ' ' . bttwun nen-tixible bends and these" which are subject te Federal, state, or municipal taxation. We shall be fleastd te mail a copy upon request. y v, m p .- Municipal Bends Exempt from all Federal Income Taxes State of MiiMuri 5 Bends SUtsef Oregei 4 Bebii Due Yield 1934 4.20 1943-1148 4.29 1937-1944 4.20 1927-1939 4.25 1940-1947 4.30 1937-1939 4.35 1927-1947 4.40 Is 1941 4.50 1941 4.50 MX,- '' Citv at Akraa. Ohie. 5 Re.dt S1 Citm of 1U. nLU HC. H..J. City f CelnabBi, Okie, 5Vc Bends City of CehmbBs, Ohie. 5, Boidi City of New Orlctu, La., 4V2 ) State of Seeth Dakota 5-, Rural CroeJit.Bondi 1941 State of Sestk Dakota f Beau Boidi FirttTtzu JoiatSteck LaaeJ lank 5 Beadi.1941. opt 1931 4.75 WaiUaftea Ce., Miu.f Draia. Dili 9 Beads 1132-1938 9.00 Legal Investment for Savings Banks and Trust Funds in New Yerk Compute circulars en any of the above sent upon request W. A. HARRIMAN & CO. INCORPORATED 751 Drexel Building, Philadelphia NEWYOnK CHICAGO BUFFALO SYRACUSE llreuah Divide 04 Divide Kxtenalen Id Divide Cen !' Dividend 0'J Rait Divide- ODSa Harmlll IS Knox " Silver Kins OOVt Sutherland Tonopah Dlv'de "- Tonopah Haabreuck '-' Victory Divide 01 vrrae uiviae ...... .v. Zuno 11 aOLDPIELp STOCKS Itenth '. 0:1 ComWn.-.tlen Fraction in I Craclterjaclc 03 Diamenaneia uiue uuiu. Florence - Oeldlleld Cen Ueld Dev I Geld Deei .(treat Bend 1 Jumbo Kxtenalen I Knwanaa Lene Star Ore Red Illlla Silver Pick Spearhead MISCELLANEOUS lAmoare 3 Arizona United I Caledonia Candelarta Eden 1 Emma Silver Eureka creetut , Eureka Helly Heel a Manh Mether Lede Nevada Illlla Nevada Wonder Hucceai Tecopa Mining Volcano White Capa WUuert ."e .07 ,0i .IC .OOVj .nt .0L' .01! .01 1 a lei ,03 ,01 .an OS .0i ' !eiTi iTi .in .11 .01 .1'4 M .lit .4.1 .011 Tlie brief outline of the "house, clean- lijl" which Seymour L?. Cromwell, pres .ident of the New Yerk Stock Exchange, gave at tee dinner last Thursday, ten eered him by thd members of the Phila delphia Stock Exchange, Is, still n live topic of discussion in .financial circles, net only in this city, but In the tnctrbp. oils ns welli .; , "A treat manv have 'net taken alto gether tee kindly, te, .proposed drastic curatives Mr. Cromwell and, his Ueard of, Governors tare planning te apply, and rather strong feeling is growing against wnst is termed en autocratic pO'lcy. It was stated in usually, well informed quarters yesterday that some of the biggest houses en the street, both here and in New Yerk, are taking exceptions at some of the pointed in terrogations in Mr. Cromwell's ques tionnaire. One banker went se far os te" say yesterday that If the outlined is carried out te the letter, there is likelihood of ,. some large Investment houses withdrawing their membership from the exchange, ;It was, pointed out the profits in bend transactions en the fleer of the exchange ere relatively- small, and the greater prenta or most et ine larger hnusM urn riftrlveri frnm syndicated op eratiens. Many of the Investment houses pay 'little or no -attention te the stock end of the game," except in purely in vestment purchases,' which ere nlways outright, -which means the stocks are taken up and put In strong boxes. They say If the stock exchange officials arc niaklng a strong play te bid for public favor tney cannot afford, ei me time. to-Slen the face of members of the strongest houses en the Street. Transcontinental Oil Splurge ! There is no tonic se electrifying te speculative' imagination as the mere hint of the, se-called "Standard Oil huvin " A fnreihln Illustration of which is glveti-in the remarkable i -point upshoet'ln Transcontinental Oil, which in yesterday's market was the most active and strongest spot of the petro leum group. The Standard Oil Cem pany of California has a rl per cent interest in a lease of a very premising p'reperty en .the Pacific side of the map, and en, which property, It was re ported, two big flowers were brought lp the last few days. The movement of the last ten days attracts tnore attention because up" te a week age the stock' was "entirely friendless. Ne one wanted it, no one had taitn in it anu the only side looked at was its un pleasant previous history. , suddenly,, some one was crazy ever it' and somebody was buying it by the ream. Then somebody discovered the Standard Oil crowd were the buyers. Thercst was easy Brings Dividends in Sight Almest two ' months aee. during n brief visit of Ihe New Yerk resident member of n well-known banking firm. he remarked the best money-maker en the list for a patient homer was Hen- nccett Copper. He asserted he hnd the very best kind of Information that the stock was being quietly accumulated by some of the strongest houses en the street. The stock was then selling around 20. The stock, up until yes terday, failed te show the first slims bL'onimatlen but, in the meantime, had slowly crept up In the neighborhood of mi. in lact, the market has been Within a range of .11 te 33. Yesterday, it began te show Mens of life and then bullish news became plentiful. It was moving nt last and started because of a renert that the Mether Lede Coalition Mines Company win Finn uiviuenas Deiore dune in at an annual rate of a $1 a share. Ken- ? i fal'liijjl inn itm- .v . IK.L":,Vll"1W tte TjsWwf tliiiti!j;rii, wWck-drvfiRnaTwlffc- Utah Ceiw, Conway, it .was figured would permit the Kensecett te re-enter the honorary' list of dividend, payers. Era of Better' Frleea William A. Law- president of -the First National Bank, In, discussing the business and financial outlook, says : "The country., has entered'. Upen an era et4etter, prices and, whjle general conditions arc ter from normal , some of the great basic industries arc miking a much better showing than for m-rly. This Is rietably, true of steel, the metal-working branches and minding construction.' It is noteworthy also thnt the automobile trade, which suf fered from about as' serious nn inflation ns any that the war excitement devel oped, shows signs 'of healthy .revival. The whole country is reflecting the benefits of price stabilization. In some Industries concessions already made have net been adequate and additional, inducements will be necessary te en courage bread buying. But the manu facturer, the wholesaler and the re tailer are realizing the necessity of of fering their wares at a price .that shall attract a public which is determined te buy only at a fair deflation level." Freight Traffic Improving Officials of rnllreads operating cast from Chicnge n ml St. Leuis ..reported improvement in the traffic . conditions with the 'exception of coal, the miners' strike naturally precluding anything but a decrease In thnt commodity compared te a yenr age. In general merchandise the movement is Increasing as compared te a year age, and there is nlse'a gen erally heavy offering of building mate rials of all kinds. Steel products arc being shipped In Increasing quantities, and there is nothing in the way of, re turning prosperity except the. coal sit uation se far as the railroad report! arc a criterion. Fleur business, Is mod erate, and the shlpment-ef grain is new mainly by lack, and the movement from the farms Is of small proportions. Officials of southern Iliieti find about the same conditions as prevail en the eastern lines. The light coal shipments have brought down the total volume of. tennage te probably less than for the. corresponding 'time last year, but if the' coal was normal the total would show n substantial increase. Lumber ship ments; arc liberal, and there has been a heavy volume of Southern produce shipped North. General merchandise is moving in liberal volume. The move ment of grain te the gulf ports has been of moderate proportions. r Independent Steel Merger The following statement was Issued from the office of Themas L. Chad-' beurne, general counsel for the six-company steel merger: "Thcru is no thought In connection with the proposed merger of Brier Hill Steel, Inland Steel, Mldvnle Steel, Re public Iren and Steel, Steel and Tube Company of America and Youngstown Sheet and Tube of violating cither the Sherman law or the Clnyten act. "Aggregute rated Inget capacity of these companies is approximately only 1G per cent of the total rate of ingot capacity of the United States, while production In 1020 was approximately only 17 per cent of the total production of- the country in that year. Operation of the properties of thesix companies as a unit will result ima very smbstan tlal reduction In costs which will en hance rather than rnstrnln competition. Ne monopoly will be effected nor will there be any restraint of trade. There is no bnsls whatsoever for the Impres sion that it Is proposed te act In con cert, by agreement 'or otherwise, with the United States Steel Corporation, or any ether competitor." This statement fellows the wires re- -...A.'.P.e,tlT)JJ.. . 'WTrxmwiTm "V.i I V. -n 9 Ir.'v.rlens'iteel'Wrt-Wl.WMln-a merger from Uhe' Fa4l4l Tr ' COtt XTeVrttlS merger before final consum-natlett or aq 7...I ;-.... VedarnlTrade CemtnlSf slen acted as Instructed by the , Senate nftctf adoption et the L .Fellcttc rese- iutien. 4 j v ' , Firmer Cepptr Market ' The copper market, shows a much .firmer tendency. .Seme of the leading selling .agencies are quoting firmly at 13 cents per pound rer acnvce . tended ever the next two .months, while ethers are still accepting- business at Lift cents per p6und. However, U 4s stated in seme quarters thnt the, ?"cr itm at ttuviinu-Ai rtmirn are gradually decreasing, and, thercforetit is predicted.! thnt J3Viv cents win oeiuc emy quu-u-tlen before Jeng. There, has been an Increase i In, do de mestlc buying of the metal. Consume ers in this country have been taking larger amounts and arc showing a ten dency te place contracts for their fu ture requirements with mere freedom than 4it any time in several weeks. This is taken te Indicate confidence en the part of the users In the present strong position of the metal. In addition te the domestic demand, there has been increased buying for expert', with Germany among the lend ers.' 'Ever since the Kurepan nations came into this market soine time age thprp linH liepti it steady buying move ment, and the statements of leaders in. this country that the supply of scrap. abroad was about exhausted lias ap parently been confirmed by recent de-. volepmcnts. THE. TRADER. LIVE8TOCK QUOTATIONS Chiracs. Slay 10. CATTLB Hecclptf . 10.000 head. Fnlrly active. bef steers -and nhe stock. fully,atuadyj no cholce sleera sod early! hetf steers of iunllty te sell larniily nt 47.0." te tS.ne: bulla steady te ntrnnn; veal calves ttrena- le higher: steckrrt, dull: eutalders pnyins I1O01O.SO freely for chelcu venters; early sales te packers around $0.50 win. IKlfiq Tterplntn. 21.000 head. Slew, lllif packers delnir llttlci early tradlntr around tics te 100 nisner ie yarn irauem anu anippnrs. part of early advunce lest; top early. 111; bulk, 11 0.45 10.110. . SHEEP Receipts. 13.000 head. H toady to'SOe lower. California tprlns; Iambi, lU.'.'S 15: fronds te feeders, MZ50: top' shorn' Ismbt, 113; cholce-1 10-pound California shorn eWea. tT.DO; soed fed Texas shorn wethers. S8.23. , PllUhnrih. Mnv 111. HOGS Rnrilnt. ft'nn head. Market hlRhcr. Heavies. $10.00 11: neavy yeraers, mini jurnera uuu vwa. an, se 011.40. HHBEP AND LAMBS Receipts. 100O head. Market steady. Tep sheep, $8.S0; top lambs. $13.60. CALVES Receipts. 200 head. Market steady. Tep, 810. t East tluffale. '. ., Mny 10. CATTLK Ilecelpts, 47.1 head. Steady. Calves, ro re cetpts. 17r head. Htendy. taftU. HOGS Receipts. 10!!0 head: r.iffine hlxher. Heavy, $11011. a.'.; mixed. ll.'jsnil.40: yerkTs. Ilsrht lerkera and plat. Ill.nn 11.40: a few, 111.15J roughs, $0&O.S3: stags, 13011. KHEEP AND LAM11S Receipts, 000 head. Htcady. Unchanged. v Reserve Banks' Discount Rates Offclal rediscount raes at the twelve fed eral Reserve Uanks are ns follews: Treat- Llh. Cem'l llkrs. Ctrs. uends I'aper Accept. llosten New Ter; I'htlaeelr cieveian Richmond Atlanta Chicago Ht. Leuis .... Minneapolis . . Knnsas city . Dallas Ban Tancisce ....... 4,J ark. !? l4pk .... 4ft . 4a 4'r, it r. r, -tVi w 4U 4'5 ik a' r. n 4'.i ft 4'i r. n ''.J lit 4Vi 4 tw. r, n ' .-, 4t aTvS'' ':VT,',"aaaJ I Ull llll I II '1 ''''lBaaaiBBaa. m David ,WnHneyWdfl..r,m,,k 9mfmHi ltitt mjmtMtM aWa ,. Ur Ttl aau r-" ' -' rmamtf-tnaf. SI Fer .durability. Msaf etv i and lqy ce'at of maim )l tananna . i u r l-i ff conatructien. McClintlcMarshall- ii CemiMnv ;V. "' Ceneral Oflkat l'lttabargh, r, Philadelphia, Merris Bldg. ft IftrTefk Chicago Ban Prancla-ii T McCteiic-MarsliaU uH.uw4uQca j ''UlianiBS' -v $60,000 4Va ScKebl DUt Bendil Dated April 1, 1922 fj Coupon Bends ,fj Denomination $1,000 li Fram of Penneylvania StataTanl Exempt from Ftderal Income Legality approved by MeiiraJ "' "" . munsea-, MATURITIES AND PRICES j $25,000 due April 1, 1942 'ir 106.84 and .Interest V $35,000 ue April 1, 1952 ); 108.69 and Interest ' Te Return 4.00 Per (wl STROUD & CO. I Incorporated 1429 Walnut' St., Philadelphia 1 120 Broadway, New Yerk ! J 1 J m Drafting ?' Structural and General Plane b, C FINStON v: Civil Engineer WO Chettnut St. Ioeet lltl' PENNA. TAX-FREE BONDS PAUL & CO. Members Phlhi. Stock Kxrbanga 1421 CHESTNUT STREET We De Net Carry Marginal Aeeennta t....,..l,...11T1 A a n rianrcncp m; A n.u, wn i ciuje, ec LU.5 Ceamerdal Trnat Bldg, phlla. New Yerk '" n.m-r nvmviiiiiiti'.'u..i M SALESMEN '$ rer nign-ciasa nnanciai organization. HSaiP;, petteta personality and real talti ablins. Apply Roem 204. 1 K. Frent itree". ?.?; Ne Change In Raw Sugar New Yerk. Mny 10. The raw augar mar- fairly active 'or May ahlpment a cost and freight, and for June shipment Iiet la fairly Cubaa for Ma; Ullchklised. luetea at with urn, ku .rvtaii,, .u .v, mi, auiunipnc nt ',tc, coat r.nu irciant. naira yesterday In ciuaee iti.uiiii ens. v.unat imy shipment nt i-.uc. ceai uuu irv.ajii. ie a, iucui Tenner. ions i.'udi.s in pert ut a,U5e. duty and paid, 30 alto te a Iccal refiner. Importations yetfterday Included 04,000 bags Cubaa te the National Sugar Refining Company. 13.000 bags te the American Sugar Refining Com Cem pany, ::.1.000 bags t lha Warner Sugar Re flntna Cemrr.ny. S'.'.eOO Lags Cubaa Bnd Bone biura lorte Rlcea te all Imnurl.r nnH jaa. bast I'u.-te lllcei te ArLuckle Ilret, ArbuckU' i.wp. .,.. ...w,,... .mi.un.mnii uuianct or v puim i. .i.v y,,k w, i.uru-sraat sugars te 3.10c, lets ! per cent for cash. Other, wlae the refined market la unchanged. U.S. Certificates and Treasury Notes Int. Maturing Rata Date Rid T'i, June, is.-....!"" i.es Iiihs 111V" Illlla. ibH::::ioe f2i,.,.iea r.-in io2.,,.ieoo.te i-.'2,...inn in2'J,...100A lH.rt,,,,lUU'i 100 10.83 I.Sl 1S2S....11U 101W Vln t4; Mar.. 1B20....101K 101 JlJf '-A.j.viiii'. i.. CT.i ..urinal income tax. tAcceptable for payment of Income ta t'flU June. 3U Aug., t4V! Kent.. f3'i Hept., 3V. Oct.. 1 Dec,, j, ...Ml., s4I June; 3V4 Sept.. e4 Mar.. . ' -': IIIIIIHIIIIIOlllillllllllllllllllllllllllllllllOlllllllllllllillllllllllllllll H ! ' 1 - .M..,,..,,,,,,,,!,!,,!,,,,,--, I mi- I . - I i . ' I , Ml Scsqtii'CcnteiMiial H I IBaaPi&.' I PHILADELPHIA 1 U E X ' -asaam III M ' 9 h Hi ES JaaaBBBBBaaBVa HI W asssl 1 J fT- BBBBBaBBBBBBBBBBaBBBEBL M flC''Tl i 1 1 leW XOTSfc LfcTaaB" If H Jfeh l ''''"' i'ii am. M zzz::rWzjWWWmXM?Mfr i-atE - iv-tjf ' Hi' i SMasssem:isMi S WtkWsUBBeisas:-'''' I H ft During 58 of theso years we have designed, constructed h 1 1 1 iPdhundrodseflndustrlol plants mJeSxSSiSS. Il I lHfllll CTFn P A g-at.Vlaf 1 B WW Has.. S BTBT- Br aa B !. aTaT" (.' 1 -- ---- - vawaaaaaeaaai OhiBg IOaaf WJh !' 1 . ' ' S. Kttablltlied 1864 M M'S I .9 Architects Engineers Constructors ' HK H ' ,v-. IB - . PHILADELPHIA AND TORONTO ' ) I 1 ' I . j li WW l" m-sa - fOassslsssssssa : mi HinilllMllMlTimHWIININNIINIIINIIIIIIIINNINIIIMIMINIIIIININNNIIIIsllllllllll 1 ' III iBwaTBaWfl Atkel Tltld 100 3-33 3,00 H'O .1-1(1 8,01) 00 1B.82 8.10 100 1S.32 s.20 100 31.33 8.10 loe i.ie s.ae il'S )-x s.l 100 10.8$ S.S1 due en one or maturity. .. ... ' ' - t kmwmmlkmmmmmmm Millllifl. , 'Sfif ; -. 'l - ' -."., ' '. " ' -' laaWBaaHHaa:- 'S I al" ' 1 fMw h$, tl:. 'K fc4,i .'yiii'. 3bk&.fe. -v&4'Hk:ri"rt,H' .. iiM
Significant historical Pennsylvania newspapers