HPBW v7v' VMkwWS5r3S' .N K'sm'sa ;-midmi ,-' " lUmW.WJ,.. t j t - ' V VtilOSiV.l'j s.Kffi&. ivr.d.t' , ? tCTSSS-iSS t Vjp - . .1 .ui i t , .U t mjrr nWK v 1 BB 1 Ft fc ChMBM II Hi M 'f? -.? II CI ( i llklMI , HI i " HI sscrwfB00kl- 1 AMMnThM I Increase Tour Knowledge of BONDS EVEN though a consistent bend buyer, there may be some points about bends, concerning which you desire mere complete information. If an investor in ether lines or a beginning bend buyer, you ewe it te yourself te become fully informed en the merits of bends as investments. "Bends Sfucstiens Answered Terms Defined" In the thirty-six pages of this booklet are discussed the questions which our extended experience has shown are thai; rae.t frequently asked by bend buyers. It3 foments ale include non nen technical definition of the most com monly used bend terms. MAIL COUPON BELOW anil copy of boeklrt sill x sent promptly without obligation. HALSEY, STUART INCO.PO RATIO Land Title Bldg., Phila. Telephone Locust 7410 Chicago New Yerk Boiten Philadelphia Detroit Milwaukee Sl.Leuij Minneapolis : Mail This Meme : 5 HALSEY, STU A RT & CO. Land Title Uldp..Philadelphia : ; Please semi me copy of booklet ; PA-.M "'He lids Questions : S Answeted Terms Penned ' : Namt Strut m Qty. K tMIMMI,MMMIMflffl,MMIfltl,l Important te Bend Salesmen! y talned by these who remove that greatest cause 01 lest sales lack of preparation. At the suggestion of a number of Invest ment Houses, Reftr W. Babwn has pre pared a Special byslrnt nf Training far Incrtating the preductn c teuer of Sicunty Saltsnun. This System is newused success fully by many of the best known Houses. A request will bring an Outline of this Course and a copy of our leaflet "What the Invester likes in a Bend Salesman." -gTatis. WRITE TODAY! Simply Aik for Boeklti .:l I V Babson Institute wg,!g lU & i Pennsylvania Tax-Free Public Utility Bends I". Baker, Yeung & Company JOstl'll . Ml .UN, Jr., Manastr Land Title Bldg. Bosten We Specialize in Pennsylvania Municipal Issues Biddle & Henry 104 SOUTH FIFTH ST. FirV r Northern Central trt !. MORLEY, WOOD & CO. 333 Chestnut Street ft 1 Members N. V. A flill-s Stock Erh'.. BROOKE, STOKES & CO. Investment , Securities Philadelphia ftshingten Daltimerc P Penn Seaboard Steel r ' . 10 Vcif AAttRttAw m. tt. S&JEE2Z2SXX1. ? iNfww. yiin. rniLACILTHlA WSSl. in I a,a M JhBajfeBia MORE r BONDS 1 UUUIM rS: 1 TAKE LEADERSHIP Movement of General List Ragged, but Without Any Weakness Is, New Yerk, .lime 1.- Overnight none ' was mere constructive tlmn uther.vlse. 1 but the movement nf today"'" itnck mar- I kct continued irregular nnd ragged, bur .without symptoms of wrakness. Tlic , trend If anything was upward, as wit setcd in tin' rcadlne with which the .elected Issues of the different group 1 were marked up. Speculative inteie. t te u large extent run te specialties, while the representative shares of t he . mil nmi industrial divisions did litllp c1p than mark time. I It nv in the rnilrend quarter the mere Interesting news came. This in cluded the ropertPil substantial palm- in rnr loadings : n bit reduction in Idli' freight curs nml flic healthy Increase in ' April net operating income of Class 1 of the railroads. Ceneillatni-y attitude toward a Herman lean was alfe ie- i garded of hluli Impertnnce and wn cer tain te hare a stiuiitlntiiiK effect 11,1011 1 the country's indiiMrlcx, particularly 1 the copper trade In t'.ict. there vn ' ' only one inieillniciit in the way of ' the constructive forces and lhat was the hardenltR of money rates due te the diversion of funds te meet etrn lve Jimp interest and dividend pay- , meuts It was looked upon as merely n temperar.v cheekinatp and accerditiclj 1 cur a little figure as direct niarkit facler A calmer mermehr cenl(leralinu of th" tlireateneil Hrlke of railroad lead workers deprned that Irciileni nf a (treat deal of its disturbing element. A much better side was nNe found In both the Southern Pacific and Heading Su preme Court decisions, It ns figured that anv divorcing of the Central I'ii elric and Soutbern T'acltic properties would be certain te work advantage advantage eusU for the latter shareholders. As te Ueadinc It was generally reiegnizeil that inasmuch n" it would require many months of labor and negoiiiitletis te cam out the mandate of 'he mint, there was little use of jrnlng this mat ter any considerable werrv for the time being, whi'e it heightened the specula- , the possibilities nf 1 lie common te a greater extent than ever. Hollowing the procedure of the cur rent ceiistnietive meement. with the1 market temporarily going stale for the rail? and some of the ether recent fa vorites, the nll once mere assumed the leailcrhip. Standard Oil of New .Jer sey headed that group, adding !' points te its recent teaily rip with substan tial advances nlse eered bj Mexican Petroleum, Pan American and Gen eral Asphalt. All the petroleum shares, however, showed renewed animation. This was supplemented by frenli dem onstrations in such recognized peel is- , sues as Sliidebaker and Bnldwin Loco motive. In turn these were followed by animated upblddlng of specialties, In cluding Ceca Cela. International Har vester, Pestum, American Linseed and Du Pent. Commodity Markets GRAIN MARKET Cliieace. June 1. The whea market' opened firm at 'yc te lc advame, nnd eirly in the day held the gains with 11 fairly active demand The Liverpool market was "jd te 1'sd higher, nnd Huenes Aires was 'Jc te :!c higher , en an official estimnte placing the Ar- , gentme surplus at enl .2 elJO.IIO1) bushel!!. I'ndi'rl.Miig "entiment favored a nllv as the market was believed te have been undulv depressed bj the liquiuii- ...J Hew much would it be worth ve you te be "" ' ,fIa-v. enf"- ''' 'l "' " aure of never lesinu a sale through lack of thought that it will require some time knowledge efinvestments or the best way te digest the larger amounts of whr.r in which te present them te your prospects? delivered en Mav contracts and private Th Mrtanr,rht ine s,i i. k. ' ?"P . reports were expected te move, ", . nAnitleh t Cern started '...i- higher and ruled firm with wheat and en repeits that vpstenlay's expert sale had been much larger than reported. flat followed the uther maiket- and advanced a,c te .jc ' decline of 10c te Lie 111 live Img 'ad a depressing influence en tne pre- vision list which opened e.tsv 'in I' M hi 1, :l I 'TV 1 in 11 :i i"ern I'f sP' t ir M H.'S j'i n r.x w VTlt tuv spl flAtl- lu'c- Serf 1 llj Juh 1 nibs I Ijird- Spt I l"-j I IT', 1 1 1 1 I I T ? r.s', ft 10'.3 .155. 4111, 11 II 7S COTTON MARKET Yerk. .lunt- 1. The cotton New market opened nervous nnd irregular nervous nnd at 4 points decline te . mlvance. due te uncertainty ever the 'Invernment repnr' tomorrow. 1 nmmissien houses and Liverpool bought . the Seuth sold and New Orleans was mi both sides of the market. Later, the murker vva- asier and a few points off from open 1112 levels 1 r m . ni te (In 1 j '. 1 in .11 Hi I 'flint . Se ."1 '.'0 '-'ll fie' mb' .Tftn .ar Mar '1 .11 "4 . l'i m in 77 .'I ill l'i 0 Philadelphia , 11 51 NEW YORK COFFEE MARKET New Yerli. June 1. 'Hie regular linuillan markets brought about an un settled opening of the local (efTte In nircs marker this morning, fust lulcer. being 'J points lower te '' points higher Cable advices have eued that Hrazil's new- crop will be n late one, that re ceipts will continue te fall off ihls month 11111I that ,1'urepe vv:i trjmg te bin geed qunlltv 1 effees m iimi, hut was finding dilheiiltv in pelting the ... Iietlens desirrd. Lecal bulls bunk en tn! news id bring n beu 1 1111 advan'p Trf ' huh ' 1 i' in in .'Mi 10 Js Dli'l " ifi in in 'i sr,W '1 s7 '1 s'n "i ',ii e 1 1 fi '1 4r. GS svTi:t In.-ri a SI 'iS'i 7S SH4 711 IH! Oil 7lT ,'Hil (id'i 7il Till ta s.ia it r.'ii jvu mi i:u :'7n s7s 7tii 1 v, 7:'i 1 i.nihr i' .il 'i VI Ii'i.me'r Mar h n rti !) 40 t n u RAILROAD EARNINGS MAIS SOVTItWl.-S KUV I IC.-U' II. Mil "nl lin n.-. .'T.1 nss .' 40'i 7 T"i .an-. rem 170 1 !.-." ti27 1 II lis Cl1' .iflfr m" m "in. ln',1 surplus nfl'r ..r. nrie-a lour months B-uis. Tu'al income s irplus .iff ' f.nrnfB I.ONO ISLAND Apr 1 crein Vpi epr in- um I our months ure Vet ener inwime ereia Nt ep.'r Ineemf Tour months' itren Net epr. Incem" aae 2.1 1 s ';sf 771 7rte.4Cl COASI LINK I fl 7.1H 137 J'.'Sil ",27 I 1 (HI 'JX7 l.U'V.',3fl7 '.l.iaa riiii l.Sff.1 net; 1 3.11. . '.47 3.144 713 I NBW YOTIK. CHirAOO ANt) ST l.OL'I.H I April Kro I'.'.v.lt sits 24.0fls Jst epr. Inremr Mil, (137 7ft S47 1'uiir months' Kro P.lOR.Id'.' 3s I .vr. ' Nt eper Incemi? '.' 117,431 197, MS IIRNVI.Il AND Itll) lillAMJK wnrfrK.uv An-ll -u I'.'.'.'he.nsn ".! .'117 ill'l (Mid imr ..ns .Tin nss il m:i.-,7a .'l Mir, ' 47.-i.unn 1.101.314 Vt IIT-- IIHOI1H' I', ij- nv aih Krene v,. y.if.r Inrern. nun: V i triei s i upcr Imotne , 1 i ir in ntli' Brnm , NVi one" Itiiurac .'lll.S'l, ll Jill. HIS 1 SIN '.'73 systi:.'i 17 .VI L'I7 ai'.' 7 j a 3t iin.i.rn 3,'.'03,0U7 l.ertne. BANK CLEARINGS Bank clearing! today compared with cer. sitrss 1MB rhlla. ?e'5 m-m-m ns.e,a:x.i? Woaten- fe,54, s: -"... wT',T-r. IT, 5T EVENING PUBLIC LEDER-PHILADfeLPHIA, feUBSPAY, JXJKE 1, 1922 H NEW YORK STOCK EXCHANGE TRANSACTIONS Ulv Ssles In $ STOCK "h I0U .. Adams Kn-ess.... 65 1300 .. Advance rtumely. . 1814 100 3 Advance rtumely pf 48v '3 4 Air Reduction 35 ,122 A Rubber 18,. 2252 Alaska Juneau O M 1 J". 200 4 Allied Chem & Dye 70 H E00 4 Allls.ehalmers . . . W S600 ,. Am Agrle Cnem.... -2's 00 . . Am Asrrl riin nf . . eB 1:30 I'.M. Lew 65 17 Ji 48'i ED 18 H 70' 49 39 Va 68H 70 52 461 45 W 48 'a 105 165 IIS 30 GO'-i l'i 15 72 H 109 49 13H 39 Vi :9 115 10- 99 7 23'i 65 H 98 136H 37 H 98 ?i 79 105 45!ri 68 59 123' 143'4 102 Vi 142'4 92 34 19'i 47 4 56" 81 S 83 123' 99" 91 4' 105 4 41 30'' 31 'i 89 3i 4 49 S 61 Vi 118' 114 40 3G'S I ' 6'S 107'i 14 34!i 75 78 28' 24 50 '4 137' 47 97 7 32 27'i 13'i 78 ' 62s 104 641 138' 5'i 40 7J 39'j 75 68 IHs 37 4 55 9'j 27 !, 43 76 68 45 83 Ji 65 !4 22 32 H 70','i 70 33 H 49 1 18 4'a 69', 32", 1 1 5i 67 , 101 ; 44 741, 94:4 25's 91 17 'i 36! 58 'i 23 124 Tb 29',i 120 81 Vi 76 45 22 11 C4, 1 6 Vt 24 H IB 18 85 4 97", 18 22', 65', 103'i 76' 166 14 H 82 I6'i 41H 8914 32 '-i 19 '4 77' 40'2 34 lt 12'', 17' 33 84'J l-1 22 S 80J.J 20 J', II S 59 106 4K 44', 2 4 5 10H 41 36 25 104'i 24 !i 84 'i 18 52 1 18'2 32j 1 72 H 45 65 -18tj ' ABM 55 10 1 Vi -70' -49 -42 !i 67ri'r 70 5?. 464 -46!a -40 l'i r 103H I 166 i IIS 30'j 4 60 - '00 4 Am Hank Nete..., '00 S Am Bank Nete pf. 100 .. Am tlfft Sitrnr... 70 D2 46 H 200 ,. Am Besch Magneto. 46 't -00 .. Am Can 48'4 100 7 Am fan pf ....105H 900 1- Am Car i Fdy....166 '00 .. Am Chicle US '300 ,. Am (-niten nil 304 tee 100 .. Am Cotten Oil pf.. 60'i . . Am JTug Syii. . . 5'i .. Am Hide & Leather 154 .. Am Hldei Leath pf 72 H 7 Am Toe 109 .. Am Internnt Cerp. 50lj 1 Am La France Kng 13 It Am Linseed tOH .. Am Llnsed pf 60 Vt 6 Am Iocemotlve. . . .1 I6U 7 Am Locemotlvo pf. 115J 4 Am Radiator. ... 99 . . Am Safety Razor. . . 7 .. Am Ship & Coin.. . 24' . Am Smelt C6'a 7 Am Smelt pf 98 12 Am Snuff 136H 3 Am Steel Foundries 38 'i 7 Am Steel Fdys pf . 98 ti .. Am Sugar Ref .... 79'i 7 Am Sugar Ref pf . 106 .. Am Sumatra 45' Am Sumatra Teb pf 68 fi Am Tel (t Cable ... 59 ! Am Tel & Tel 123s 12 Am Tobacco 143)4 1 Am Tobacco pf ncwl02!a 12 Am Tobacco B 142 'i 7 Am Woolen 03 . Am Writ Paper pf. 34 Am Zinc Lj & smelt 201, Am Zinc Ld & S pf 47i'j .. Anaconda pepper. . . S6S4 C As50 r Ooeds 1st pf 81 H 7 Ase D Goods 2d pf 83 Asse OU 123' 6 Atch Tep & S.in Fe 99 i 6 Atch Tep & S F pf 91 ' .. Atlan Blr & Atlantic 4'j 7 Atlantic Coast Line 105 . . Atlantic Fruit ' s . . Atl Oulf A W I S S 41 All O & W 1 S S pf 30 H .. Auitlu NMches .... 32 H. 7 Austin NMchels pf. . 90 . Aute Sales Cerp . . 4 .. Baltlmeie & Ohie-. 50 H 4 Baltl & Ohie pf 61 '4 7 Baldwin Locemotlvcl 19s 7 Baldwin Loce pf .114 . Barnsdall Clas A . 48 . Barnsdall Class B 36 H Batepl las Mining 1 '.s . Beeth Fisheries ... 7'i 5 Broekl.vn Rdlsen . 107?j Ilrll Umpire Steel 14 . Brit Em Steel 2d pf 35' 5 Bethlehem Steel . . 75 5 Beth Steel B 78' .. Blilyn Rapid Trnnslt 28 U Bklyn R T ctfs of d 24 200 100 100 12300 200 3400 4500 2300 100 100 100 1160O 1300 200 100 1900 100 2000 400 200 100 100 400 200 400 200 1600 100 1700 100 U600 100 100 200 1000 200 J00 tee 4000 S00 230 2900 300 100 4403 tee 10300 100 200 400 200 4400 100 100 1200 100 200 200 200 700 200 3400 100 200 300 103 100 100 5700 2600 1600 800 10O 1000 200 2200 500 1600 1900 200 200 tee 200 400 900 400 800 100 100 9100 1300 100 59J0 100 200 UO 300 200 tee 700 5J0 )200 no 300 2800 J200 100 2100 300 1600 900 900 100 100 500 2300 700 100 12600 400 100 200 8100 500 100 100 800 200 530 9fa00 13000 500 3100 930 12300 100 100 700 100 500 100 jOO 100 300 100 100 200 200 400 7100 1700 300 7900 200 100 1500 103 3100 J I 10 2910 100 i5n J 72S 109 -50' --131H-39 V. -I- 60 'i 11614- 1 13,'e 99 7 23 S 65H 98 136S 38' 4- 98Ti -i 79 106 45 U 68 - 59H 123H 1 43 14 -102Ji ' 1 42 Vi I 92S - 34 20 47 "a -r 56S r 01 H 83 1231 -994 91 ' 414 105 ' -414 -41 30S 31 Ji - 90 4 4 49 - 61 Vi 119 T 114 f 48 - 36 Vi -l'i 7', ! 107Ji 14 35 V 75 -78 U i 28 V4 24 -52 :- 1375 48 f 97 - 7H - 32 H -i 27 !4 13'i -78'i -63 (i b 0 -65 IS r 13814 -514 41 vi -; 73 H -40H -75H 68 -11'.,- 37 Vi 55 - 9li 27 9 f 43 -76 68 45 -03 Ji 65 !-j -23 li f 33HI 33 H -" 49f -88 -r 4'S 691-b - 32 Vi ' ' 117' 12 i, 674 . 102 '2 - 44 '-j - 74'i, 94 '4 25!i t 91 -17Ji-i-36 '4 f 59 23 124 Ji - 29' f 123 r 82 76 46Ji 22I4 11 -i- 84 H 4 17 - 24 H -18 18 85 Ji 971 -I8jb -22' 67!4 Brown Shes 523 8 Burn, Bres A 1 37 i 2 Burns Bres H ... 48 7 Burns Bres pf . 97 .. Butte Cep & Zinc. 7i . Butte & Sup Cep .. 32s .. Butterlck Ce 27 Vz . Cadde Ccn O & R . 13 It C California Tacking. 78'i .. Ca'lfernla Tctrel .. 63 'i . Cal Z'nc & Lead ..11 2 Calumet & Arizona 66 'j 10 Canadian Pacific ..138'i Case ,T I Plew . 5'i . . Central Leather . . 41 H . I'entral Leather pf. . 73 .. Cerre-de-Pasco .... 40 s 6 Chandler Meters .. 75 !i 4 Chrsapeake & Ohie . 6Bi Chicago & Alten . . 1 1 H (hi & P. III (new). 37'j i" 111 & K HI (new) pf 55 .. Chicago & C.r West 9Jj ('hi M.l & St P ... 27 H .. Chi Mil & St P pf.. 43 Vt 5 Chi & North western 76 s 4 Chicago Pneu Teel. 60' . . Chi R I & P.ic 45'i 6 Chi It I & PasCrJpf 83 Ji 5 f hi St P M & O.. 65VJ .. Chlla Copper 23 H . . Uhme Copper .... 33 H 2 '"lev Cln Chi & St L 70 ',4 4 Ceca Cela 71 Vt . Cole Fuel & Iren .. 33 H 3 Cel & Southern .... 49 i 6 i-,lum Ga & Clec. . e8 ' nlum Craphophene 4'j 6 ' emput Tab Rec . 69 'a . 1 onse' C ig.ir . 32 'j 1 'otisel Ids ln i 7 Consolidated flat. .117 '2 I'ens.i Textiles . . . 121.1 Continental C.m . 67 I Cern P-educts P.ef 102'; ; ;. I'esdcn A: Ce . . 45 . . Cruclblii Steel 74 i4 7 ciuicible Steel pf 94'2 . uban Am Sugar .. 25'i 7 ' ub Am Sugar pf . 91 ' . . 1 ubii Cane Sugar . 17 '2 .. Cuba Cane Sugar pf 36 4 . . Davisen Chemical 59 . Debeers r Mln Ltd 23 6 Del 1-lCk & West ,.124' 1 Deme Mines 29' 5 I-u Pent (C I) Ce. 125 a lm Pent Cc deb pf 82 5 Lestman Kodak new 76 J2 Klec Storage Bat .. 47 . Kk Hern Ceal 22'$ .. nmrsen-Brantlng . 11 I ICiulIcott-Jehnson .. 85 .. F.rle 17', .. Lne 1st pf 24? .. Lrit- 2d pt ....... 18 Fairbanks ... 1 R Famous Players L 66 s Fisher Bed; of 0 if 97 7i Flsi? R..M" 1 .18' Freeport Ti s .. i2',j General Asphalt fe8 5 General X.ph.Ut pf 104 fl General c gar .... 77 T-i 8 General Electric ..167" . . General Meters ... I4S 6 Gen Met deb G"i . . 82 . Glldden Ce I6'a . . Goedrich B V ... 43 f, 7 Goedrich B F pf .. 892 . Grunby Mining .... 32 Vt . Gray & Davia . 19 'j 7 Great Northern pf . 77 '4 4 Great Ner Ore ctfs 40 '2 . Gtene Cananea Cep 34 "2 . liuantiin.ime Sugar 13 . Gulf Mobile & North 17ai Gulf Mobie & N pf J8 .. Gulf Slates Steel .. 84', ,. lliiblrsh.iw I'lectrlc. 1 'j . Htndce Mfg Ce . 26 . . Housten Oil . 1 3 1 Hupp Motorcar .. . 20J . Hydraulic Steel ... 1 2 "2 , . Ilvdra.li.- Steel pf 592 7 Illinois Central . . . 100 . . Illinois its .... ' . . ludlalienia Itef . . 4H . . Inspiration Cen Cep 45 Inter Cen Copper . 2' . . lntur Cen Copper pf 5 . . Inter Agrlcu'tura . . 10H Inter AgrKul pf 41 105 I- 1 77 H I 167". -f 14ii 82 -16 '-4 43 Ji t 89 V, -32V4-19!i 77 V4 1 40 Vi t 34 !i ' 12 -17? -38'' t 04'j 1 Ji 25', i 81 1 ' 12 H - 59 i -f 106 i 9 4S 45 r 2 - 4' - 'OS - 41 36 - 25'; 106JJ i- 25 , 85?j i 18 - 5214 i l8,-j 3214 l!i 72?,- 45 - 100 100 21- Internnt Cement . 35 200 2 lnternat coin ling 25 i 3100 5100 CD00 yje 600 2100 100 2100 100 100 lnt Harvester new 106 j.; int Mer Marine ... 25 H lnt Marine pf ... 85' international Nlckel 18 international Paper 52 H Invincible Oil Cerp 18H Iren Products 32 V2 Island OU Mi .Jewel Tea pf ... 72 H Jenes Bres Tea ... 45 DIVIDENDS DECLARED ri our 4 l'e quart' rU l ir cfnt en iirir. r-ed 1'iiabl' Jul. 1 te nutk of ri-cerrt Ciiu tub Illumln.tliv (J-m Llthi'lem nan r mi-nnnual 3 n r icm en pri furrH r.i.iibl June K. m kIiu'U of rei nril June ilnvvteml Wiikfllil'l I'nmr'UU einl-anpun 13, .Ml en cnmiunn, uaubl Jun 1 tu Hed. of rtieril Mn; 'J3, pr i ant en flrft iirff'rrfd, paynble July 1 te Meck of rcer1 Junp 13, Aimilen t.'iir and KeunUrv fiuarlarlv $3 "I common, pouble July 1 te airn-k of irrer.l Jun- in nml JI 73 en praff rn-il. m nblf Ju,..- 1, i.j Nigek of refold June 1 r. French I'.irla, June 1 1'Uljlir Df r.li V vureum.iuu ui ,.u,v .irt n II no .n common lataW. fll.a 11 .- 'll " ' '" I,aabl Juna 30 aa changaa In inn niiiK or irHi.irini ,uiv ... K can H,,l Peundrl... au.rl.rlv 73c i V:.u' li J "','.?.. '?"3m,.a. SXWi I av?,X.W '!: I lit en common and l'i Par ' ejnt en preferred, i treaiury dtpealta dccraaaacl, '.'tf.Or.'.OOUi'nn! Common la payabla JhJly IS te ateck 0f racerd ttsl dPOalt!Td.crea.d. 12,80rj.ei bill. dl. July I aid ireferr.d Jun 80 te eek of reunt.d lncraaaed.t80.B03.00O: advance. In- rnrlV V.7-23a,. rmn... .r..,. -.lr'';'.4,.'.Sl4.000. The bank leaned the Oul( Stalea Steel company, quarterly uC atate 030,oeo;ooo frm;i( i 7 " v i Nt ( lite H Dlv. Snlrs In t 600 ,, 900 .. 103 4 1 500 800 .. 4000 . . 1 800 tee .. 300 .. 100 .. ISO r. m. STOCK HISh Kansas & Gulf .... 5 K'nn Clii; Southern. 2614 Lew 4Ji 261 58 42 H 51 Vi 38Ji 21 14 76, '4 27 4414 33 li 6514 114Ji 114 16? 118S 5214 D7 80 18 21 14 46' 50 39 li 6314 37 34 36 71 14 23 119' 139 30 Ji 14J4 4114 1214 18'4 41 14 25 H 23 57 23 X 11814 2? 48 V4 9514 14(4 614 19 90' 7814 92 39X 32 107T4 66 44' 914 76 Ji 35X 10X 3'4 13714 14W 37 814 71V 159 64 7114 64 Ji 814 1514 41 '', 12 16(4 3314 69 77 39 1 i 55 i 19Vi 38 X 9X 53 Vt 47 '4 64 X 9514 35 14 20'i 81 '4 108 79' 46 88 122 46'i 32 's 101 18'i 76' 54'j 35 35 77' 94 1214 1214 45 ' 4 46 H b3H 48 28 Ji 301 49 19 3 4 12'i 4Vi-2614-58 43 X 51 X 1 39 ? 21 i -76Ji-27 44 IS -3314 -65X - 115 114 1-16X-1 119 55 i 87 GO 18 21 54 -39 li -63 " 3714 b 34 36 - 11914-1 14114 30J4 15 -41 X 41 14 f 57X 23 Ji f- 11814 314 -t 50 14 -' 9514 -14' -614 -19 1 90X 4 7814 -92 r - 106 Ji -67VS 44 IS 4 1014 4 76 Ji r 35 x -:- 13X 3 Ji ! 13714 14X 37(4 4 814 i 71 ' 4 15X 654 4- iS Kan Cltv Se nf DB 1 Knyaer Ce new .. 43 H Kelly-bpg Tire .... 52 Kennecett copper .. 39 '4 Keystone T & R . . . 21 ai Lackawanna Steel . 76 Ji Lake F.rie West.. 2714 Lake Erie & West pf 44 '4 1.AA Ulil.1... I'l l.t 2i Ifi 101 1400 31; Lehigh Valley"!'.!'. 6514 14 ti " 1 Lima Locomotive . 11514 iuu 1 .mi T.nenine(liA nfl! 4 100 I-ewe'a Ce Ine .... 16? 7 lA)illivllle & Nash. 119 . Mack Truck 55 7 Mack Truck 1st pt 87 i Mack Truck 2d pf 80 7S Mclntvre. new .... 18 Malllnsen Ce 21 ' Manatl Sugar .... 461 7 Manhat Kiev Guar. E0 2 Manhat Shirt 39", Mar St Ry pr pf .. 63' Marland Oil 37 34 3 Martin Parrv 34 '4 Math Alkali 36 Max Moter Clast A 72 V Max Moter Class B 23 V4 ,J May Drpt Sterea ..11914 400 6900 700 100 100 300 100 tee 100 1000 7300 1303 100 800 6300 200 7800 !1 ' Ji Vi V6 1 1!'a IS, 1 '4 H S '. ;SS. . '?"l hopper 30 Ji 100 1 "i..u Aliad a Stnte. I Middle States Cerp.. 15 6400 300 5400 100 600 1200 1300 2000 100 2400 2603 100 100 900 2100 2000 100 tee 100 3000 200 1800 800 2000 200 100 100 55500 100 100 400 2900 200 200 6300 5103 1400 1600 100 1300 4400 700 800 400 100 100 2100 2500 1100 1800 300 2100 10000 100 6100 .j avaie- steel 4Z Mln A St Leuis ... 12'i Me Kan AV Tex (wl) 18Ji Me Kun ft T (wl) pf 41 U Me Kan A T 2d aw 25? .. Missouri Pacific .. 23'j .. Me Pacific pf 57 H ; Montgomery Ward. 24 Nat Biscuit pf ...,1181a at Cen & Cable .. 3'- Nat En 4 stain ... 5014 National Lead .... 9514 Nat R Ref M 1st pf 1414 Nat R R of M 2d pf 6 4 .Nev Cen Copper ... 19 '4 8 N T Central 91 5 N y C & St L.... 78'i 6 N r C & ,c;t i, 1st pf 92 2 4 New Yerk Deck ... 39 'a . . New Yerk N H A H 33 Norfolk & Western106'i e North American Ce.. 67 "e 3 North Amcr Ce pf . . . 44 '4 North American rts 10 '4 5 Northern Pacific .. 76vi Neva Scotia S & C 35 M 2 Nunnlly Ce . . 10s-1 . . Okla fred & Ref . . 4 8 0ls Klevater . .137'i Otis Steel 14 2 Ovvcnq Bet Mach .. 37 ' .. Pacific Uevel Cerp. 9 C Pacific G.V, A nice. 71 ' Pacific Mall 15 2 Pacific Oil 65 'j C Pan Amer Petrel .. 72H 6 Pan Amer B 65' . Panhandle BS Parish & Bingham. . 15'- 2 Pennsylvania R R 42 .. Penti Seaboard Steel 1 2 14 . Peoria & Kjstcrn .. 17 '4 .. Pcre Marquette .. 33' B Pcre Marquette pf. . 69 '4 E Pere Mrq pr pf .. 77 3 Philadelphia Ce ... 39 'i 2 Phillips Pet 56 4 .. Plerce-Arrew Moter 20'4 .. Plerce-Arrew Met pf '3958 .. Pierce Oil 9J 8 Pierce Oil pf 53 ',' PlRBly Wlggly 49 14 5 Pitts Ceal 65 Ji fi Pitts Ceal pf 95 V? .. Pitts & W Va 37 'i 2 114 1'S H !i '4 Vi 1 42 12 - 1714 33 X -69 77 - 14 2! 14 114 '4 j ' 56)4 4- 1014 4-38X4- 9Ji 65 X 95 5i 37X-" 20 Je 4 84 14 -109 V4 79 '4 46 Ji ! 88 -i 12214 - 46 '4 -3414 101 ' 18 Ji 76 , ' 55 35 -35 U 78 95'i ! 1254 : 1214 4512 ! 47 f 64'4 ! 49 4 29'i 30' i 49 19 3 '4 12's t- 1 'i 's 1' I 1100 m Pend Creek Ceal .. 20'i 7500 K Pestum Cereal 84 'i 1800 100 6200 100 1400 1000 21100 300 300 4100 800 400 800 9400 300 2100 50 600 1700 8 Pestum Cereal pf . 10914 Pressed Steel Car .. 79' Producers & Ref . . 47 (I Pub Ser Cor of N J 88 8 Pullman Ce 1 22 Ti H' H 4 H 14 . . Punta Alegre Sugar 46 X 2 Pure Oil 341 8 Pure Oil pf . . 101 . . Ray Cen Copper .. 18'i 4 Reading 77 2 Reading 1st pf 55 . Remington Typew.. 35 . , Replegk- Steel ... . 35 !4 . . Repub Iren A Steel. 78 ' Rep Iren & Steel pf 95 'i 1'4 Republic Meters 1214 12'i 45J4 47 6414 49 29 li 30' 49 19 3 '4 12'i 79 'i va Odd lyets Reynolds Spring., Rejnelda Teb B 65005.20 Royal Dutch N Y.. 500 . . Rutland pf 2700 . . st Ijuls San Fran . 100 .. St Leuis Southwest. 200 .. St L Southwest pf. 100 , Savage Arms . ... 100 . . sJaNen .Moter 100 . . Seal. Air Line pf .. 1700 . Pears Roebuck .. . 1100 S'neci Copper ? 114 5 79" 79'4 13 i3'-4nfli334 's '4 100 Phattuck Ariz Cem 1 1 J. 11X 1 1 ! - 361, : 49 'j 13 90 89 24 li 56 'A 194 117 '4 : 195 U -; 1 1 5'i 4- 49 45'i 55 '4 ' 123'4 ! 11214 -6'.i f 7X f 34J4 -34 2 54 ! 12!S 49 Ji i 47 li 4 32 X 31 X i 31 'a 0 104'4 . 45 18X4- 664 23 Ji I 138'i - 99 '4 . 39 -i 73 68 li ) 351.4 ' 69 X ! 9'i 1 24, 57 a4 70 G5'4 t 45 i 46 X 1 00 .14 1I9X 68 , COX i 32 X I- 69 5D'4 -12M 13 " 12 20 - - ! 63 -,' 13U 26 51 X ! 10t 10'i IB 99, 16 lr. 5X i 30 '4 54',, 1050O . Sinclair OH 36 H 100 Sloss ShifTield . 49'i 100 ;-e Perte Rica Sjg.ir 53 700 . s., j.orte Rice S pf. 90 4500 6 Southern Pacific . 89' 4 1500 Southern Ral' .. 24 i 100 . Southern Rail pf . 56 'i 700 . Splcer Mfg Ce . . 20'i 3100 I Standard Oil of Cal118!S 2100 li Standard Oil of N ,H95 1500 7 Stand Oil of N .1 pf 1 1 5 VS 300 2'a Sterling Products 49 35 '4 49'i 53 90 88 'S 24 H 56 Ji 19X 117 194 115 49 451 5 5 '4 123 11215 6 7 34 Ij 3X 12Ji 491.4 4 SIS 32 30 1 1 31 '4 7914 1 04 1 45 18", 66 4 231 138ig 99 IS 39 78 67 34 3414 69 4 8'. 24? 56 4 70 6414 44 ?e 46 Ji 1 00 44 1I9.X 681 50 3114 68 Vj 5514 12'j 12X 32! 14 12 20 62 b2!4 1314 26 43i 9Ji 10 !j IBH 9JS 46 IS 45 X 30 J4 54 '4 'a l'i "s !i 1; s 14 X 500 3 Stewart Warner Spd 45 H 200 6200 100 1200 4100 100 600 400 830 13900 7200 200 20700 100 10903 500 100 2300 300 10700 800 200 900 200 22100 1200 100 19800 200 3200 200 2000 Stromberg Carb .. 55 Studehaker . . . . 124X Studebaker pf . Sub Beat Cerp . 61 7X Superior Oil Cerp . . Superior Steel . 3414 Sweets Ce of Amer 39 Temt Cern & F "A ' 2 . . Tenn Cep & Chem . 1 2 X 3 Texas Ce 49 Ji 4 Texan Gulf s- .Su.ph 47 34 Texas & Pacllle 32 X 1 Texan f. Pac c i e 31 J4 ile r.ish 31 1.4, 6 Tobacco Products . 82 7 Tobacco Pred pf 105 . T St L & V ctfs prB 45 Transcontinental oil I8I4 fi Inlen Pas & Pan,. 1 66 . . Union Oil 24 in I'nleu Pacific . . 13BJ4 7 Union Tank Car . 9914 L'nlted Alley Steel. . 39 . . L'nlted Drug , . .78 .. United Retail Stores 6914 1'Si'IPi Fdy . 35X fl'S'MPi Fdy pf 69 4 .. l"S Feed Preductn 10 . . L' S Heffman Much 25!a L S Ind Alcohol . "57 4 L S Ilealty &. Imp 70 1 . C S Rubber 65 a C S Smelt ft Hef . 45 vs 1B 1 '4 IX "li ' K. I 'i V i 114 ' X !i VS ' 600 100 3'? I' S Smelt A Ref pf 46 Ji 5500 B P H Steel .ICO'i 500 900 800 800 600 100 300 6300 2000 300 400 100 100 2100 600 200 9200 6100 200 100 3100 600 100 100 7 L S Steel pt . 120 i Utah Copper . 69 Vanadium Cerp , 51 Va-Cai Chemical . 32 X . Va-Car Chemical pf 69 6 Va Iren Ceal g. ceke 55 '4 Vivaudeu 1 11c .12'i . Vnbunli . . . . 13 . Wabash pf A . 32 1 Weber & Heilbroner 14 . Western Maryland. 12 W .Maryland '.'d pf. 20 3X 1, 1 5 Vs Vs li Ji Is ' H !, .. 2 1, H V 1 Vi V, 14 Wmttrii Pacifli: pf 62 Westing L A M . Wheeling A L V. White Lagle Oil Whlte Moter White Oil Cerp de Cash 63 X 131-4 26'' 51 li 10 10(4 Wick Spenc ht (,eri, iajg Wllla Overland .. 9J Will j 3 Overland pf- 47 Wilsen & Ce 45 H Wisconsin' Central. . 30 X 1600 worm rump & ai. . 55 Ui-dtvldend. LIVESTOCK QUOTATIONS IH'in .ii.i,i inhV i ,'', , ""i"! rilisiniral.. Iun , ... .,... h'evi ' ToYkeVV aid I lain eruV V '"' U' ll.';'; I'lr Ml MW 1 1. nil Ml 1,1, Mlli:i:i' ANT. I.VMHrl - rirr-,,,1- ., Inail Htfl SIied. 7 TV l. .,.'"?.. .'i" Bank Statement Th' weekly atatfmnit nf 1.1 .CS 11, i.l, .li ,-... ,'. Tep, til ' ""- riM'i IIJlrl IMP lttIUnJ HNl IXJI1J4U. N I till- 1 . t franca. Clell In hand tnrrea.l, , rtealpta 2a h lead . Kiiarly riiwluA KrnnQ anaw a ma ireiiuwlim Yearlinira. ii III yvHTi'an."1"',' '? 5",d' Plaadv. Heavy nnF.Ki- aji v. ITORAGE BATTERY Net Ch. 14 14 X Ji 14 '4 14 14 14 14 X 1W IS 14 '3J4 Ticker Indicates an Initial Quarterly Dividend of 1 Per Cent Leadership of the local market was transferred te Klecfrlc Storage Hnt terv. which, following the P,,,;',"t eifnblished by all the ether fnyerltM, promptly made n new record at 4. or equivalent te ne.it ly 18 for the old Meck, which I" new stricken from t c list. The directors next week will take action en the llrnt dividend en tie stock, nnd unless the tape it I'"!1"' rnllnit they will declare a ntiarterl.v dlv ldend of 1 per cent, or en the basis e 4'. per rent per nnniim. which would I equal fe 10 per cent en the old stock or S4 a yea ren the new. The company has heen pn.vlnK12 per an num en the old neck of $100 P.1"-., It was (he Meck" on.ie.vliig the dunl market here nnd New Yerk that were the mere active features. Besltlej Llec trie Stewc nattery, General Asphalt commanded nftentlen. advancing nearly a point. Pennsylvania , Tlallrem also remained firm, despite the wobbling of the ether ralK , , . Trading In V. (i. I. continued fairly nctive. but mere stock was met which temporarily arrested the forward sw nf? in that local favorite After "fyl" at ."0". the stock eased off te i04. TtlP Philadelphia Klectir Issues remained quiet and Hrm. Il.ttle was done in I . It T.. while fnlen Traction shnded fractionally, ns did Philadelphia Trac tion. American Stores was stationary nt 120 and American Gas continued te be well tnken at 71. 14 X "x I X X 14 254 14 14 14 54 ' 14 . 14 ' V4 214 14 Vi 54 X '4 US 2 14 '4 X X ' 114 '4 14 X K '4 4 H '4 Philadelphia Stocks t 1.1 P M Net chge. Illsh 2.10 Am Str.. 120 1(5 de pref 100 Lew 120 1(10 71 2.'!' 17', jr. 17 i nr,t.. 120 .. 100 . . 71 .. 2:t"s-f- (1 Am fins. . il 200tChllc Cup LjOtCubCiine Sugar.. . 700 Klec Ster KltlCrie 2."i(l Gen Asph. IT 1117, 17", IT'S 2n 171i 'i 1074, 1TJ ', 17U . 07li-t- Ts 20 :5'-II'-... 1 '8 2."ZI lender. .. R!." Lake Pup. 20 li',. 2." .-.1', 72 Vi r- 1 14 I lie. 6514 I Ji 81i4 "e 1514 20 Lehigh al Tran pf. 2." Hi Minchill... .Tl's 110 Pcnn ('cut Light pf "i "iSl PennuUK I2's .-.'I.". Phila Klcc 2m, .".S.-! de pref. . 20's ion Phila n t :t:iVi 1.10 Phila Trnc 01 i"0t Pitts Ceal 0.V, 400T l'eras Pac (' & O.. K1L .. lOtTrans Oil 1's lOOtl'nlen Oil 2.'4'S ,10 I'nlenTrnc 42 2.". -Ml r.is '.; X 12 20 20", :;:h, am Ci"ia ai IS', 2.'TS 41Ts Oil's .101, r.i. r.e'; Id's !!', 7(1 21', J2', . 201,.. 20-T, . . :n4 . . e:i',2 .'i (W'si-ys lSij, i. l 2.Tfs-(- Ts IX IX X 314 2 'i nis it lOOt I'ii Itctnll Stnre.sT... S.T4 I' G 1.... 1!." de pref. . KIOtWhlteMtr ."itltWhitctHl HllltWillys-dv :i(l Wen Ceal l.'itl urk Itwy (Ill's .-.(IL. r.u " r.i UK, 70 2.1 CO',;, MM: ".' 1 4- s .".:( . . r.i 2L. 10'K-f- i, !li . . 711 .. 2.-. -f- 'i et rh.ine nisde by cnmrarlen with last , nala uii Nw Yerk Stock Kwhnnge. rillLMIKI.riHA IIOMIS ! 12CMI Liberty 1st .".'.Is '47 1I1L01 Hill Liberty l.sf -J',n ' J7 II'.I.MI 7.".ll Liberty Ni 4',s '47 O'.LPO :!ll0 Lihcrt.v 2d J'.s ' 12 ",1'I.SO I 1 0f M t Liberty 2,1 l',4s '12 00.110 I 1(1011 Liberty 2il -l' '-12 100.0(1 ' .'100 Libert v ".d -J'4 '2S Jill. SI I 10(10 Liberty lid 4'4 '2S 100.0(1 2O00 Liberty 4th -l',s T.S 100.00 I 400 Liberty lib l',s '.'IS !M).S4 .-.000 Kqilitnblu (as ", 100 ! 4000 Keystone Tele In ."is SI ! ."(MM Lake Superior inc f.s. , . . ','A' I r.000 Lake Superior inc ."is . . ,",!tV. I 4000 Phila Ce 1st . KM .1000 Phila Klcc .'.'.as w I.. leth Oil'.. ! 1000 Phila Klec .'.'..s w I si'ia; 1000 Phila i:icc 1st r.s JISK. 100 Piillu Klcc 1st ,-,s Jts ' .'IOIHI Pliilu Kb'c IN Ki:i'', EXPORTS TO EUROPE GAIN IX X "i X 54 X 'i '4 ' April Imports Frem Continent and Seuth America Shew Decline Washington, .lime 1. Kxperts te i REACHED NEW TOP w '' Kurope lncrciied during April, com 'v jpaied with the same month lust year. ,a hut expertx te Seuth America declined. ' ij it was shown in trade icpeith issued ,t today by the Commerce Department. Imports from both Kurepe and Seuth America declined. Kxperts te Kurepe during April ac RicKiued S182.000.000. compared v.lth S17...000.0M in April a car am, whllt) imports ware valued ut SIW.OOO.OOO. s S v il4 nciilnst SOll.000,000 In April. 11IJ1. 14 i l'e r the ten months ended with Anrll. Je ii'siinrts te Kurepe veic SI. 71 1 ,000,000, 1 asiiinsi S:i,0.-.4.ll00,000 durlnK the same 'i, months last ear. while ininei'ts for X the period amounted te SliSO.OOO.OOO. cempaicil with SU2.000.000 duriiiS the . tin months ended April. 1021 8 Kxperts te Seuth America for April 5 aiHtrcRnti'il S1S.000.O0O, compared with 8 Si'l .000,000 n venr iire and imports i totaled S2.'(.000.000, HRiiInsr Sill .000. i? 1 000 In April lust year. KMierth te Seuth America for the fhren months ended with April reached a total value of Sl.VJ.OOO.OOn. compared with S4SS,. ti 111 214 ' X ' OOO.O(X) slii i inK the rorrespenilliiR i months of lll'Jl. wliile imports for the1 period were SU27.O0O.000. iiRiiinst I SIJ2.O00.000 ilurinR the same ten l months last ear I FOREIGN EXCHANGE New Yerli. .luii" 1. -SteillnR ,. .'Iinnxe i. pencil 1-1(5 higher, ceinpaied Willi ji riterilay s Until, nnd minks showed a Ruin of 's. Otlieruisc, the iiiai'kci was easier nil around le a mod med er.ite cxteiil, Willi llie exception ul Danish ami Swedish which vvcic im diaiiRcd. rnuii's lest 1, Kelsiiins t, lilt'. Swiss, .Spanish nnd Norwegian 2 mid Ruililcrs S points. AieiiiiiI nildihi.v. stei'lliiR bei hi J. I."i "i-H! for cnbies and dein.iu.l m,s I'lnsti i. I.J7Si finnc cables 1. 1 fl I , . ilieiks OOO'i; llelRlnn cables s,. (l ... checks .S..".ill.j : lire cable.. ," 'Jll, eheeks .'.111'..: Riiihler cables lis. (Is, eheel.s, .".s. K ; murks .:!7''ls Tlin premium mi New Yerk funds m Montreal ted.ij wn virtually uui'Iiiiiirii hi :il-!!2 per ci ni The illscuiiui en Canadian funds mi New Yerk was ir.-K) per cent. The Central Kurepean eclinir. , were irrcRulnr today as follews: Ittil . Riirinn, ".". ; ICuiu.i iiiun. .lis"-,; Ser bian. 1.42: Ceeho.Sleviikiaii. l.KJ.'.,-.liiRe-Slavlan. .:i.-iv. ; (iick. ). p0.' lish. .02".: riniilsli. '.' hi,! - 'At. X IX '4 y ?x Irian. .Oll'.i,', ; llmiRiiriiin, 11" ,l.-rr.Ilt,AV S i I.usim; ,V uuipj.vs 'iM M. 'll I ' r' liui'ilera 1 -3 3s H ' -i 3s. S3 I Ml,,: 'III. I. I II' I IV !' IJ'j 'i 1,1 nl'I.MMl l,il i.rATIDNS j".-: 'Hi siSi' Us I? .""' 'li Htjil) I III 111,1 -1 a. , . rrl;';- MONEY-LENDING RATE8 M'AV 10KK .Meney en ,. ,,i, ,., of collateral, epene.) today ut Pi' 'erce'm for loedla ami reneiylng. J,r ttn PIIIIIIKI.fllA Call, 3 par e.nli Mr.,. meVuCT 'S7,?rcen,r,hf" ''''' ,m" New Issue SF Exempt from all Federal Income Taxea, $150,000 Harrisonburg, Virginia Direct Obligation 5 Water Bends Dated July 1, 1922 Ne Option Due Serially as shown below Coupon Bends, denomination $1,000, with -privilege of registra registra tien as te principal only. Principal and semi-annual Inter est, January 1st and July 1st, payable at the office of the City Treasurer, Harrisonburg, Virginia. FINANCIAL STATEMENT (As officially reported) Actual value, estimated $10,500,000 Assessed value, 1921 , ,. 7.009.4S4 Net bended debt, including this issue 255,500 Net debt approximately 3l2 of the assessed valuation. Population 1920 Census 5,875 HARRISONBURG, the County Scat of Rockingham Ceuntv, located in the famous Shenandoah Valley, is the commercial and distributing center for the richest agricul tural section of the State, and an important railroad center. THESE BONDS are a direct obligation of the City, pay able from an unlimited ad valerem tax levied against all taxable property therein. Legality te be approved by Jehn C. Thornten, Esq., Attorney, New Yerk City. Due $6,000 each July 1, 1927-1951 Indmire Price te yield 4.75 Graham, Parsons & Ce. William R. Compten Ce. Philadelphia New Yerk The above information and statistics are net guaranteed but h?.ve been obtained from sources which we believe te be accurate. Exempt Frem All Federal Income Taxes And Pennsylvania State Taxes $50,000 Commonwealth of Penna. 5s Seriea B Due 1951 Price 117e, te yield 3.97cc $20,000 City of Philadelphia 4V2s Due 1948 Price 108, te yield 4 $40,000 City of Pittsburgh 5s Due 1936-45 Price at Mkt, te yield 4.10re Edward B.Smith & Ce 1411 Chestnut Street, Philadelphia ST Free of Pennsylvania State Tax Lehigh Navigation Electric Ce. first (closed) mortgage 6 sinking fund bends Dated July 1, 1913 Due July 1, 1943 Interest January and July 1st These bends $3,823,000 outstanding are secured by first lien en one power plant of 30,000 K. W. capacity and by lien en a second nlant of 33,000 K.W. capacity subject te $2,796,000 underlying bends. These properties form the most important part e! the Pennsylvania Power & Light Company, which has assumed these bends and has outstanding junior te them $8,000,000 First and Refunding Mortgage 7 bends, 88,526 shares cumulative preferred stock with piescnt market value of about $8,675,000 arid 65,000 shares non-cumulative preferred and 310.000 shares com mon stock, all owned by the Lehigh Power Securities Corporation. These bends represent a public utility issue of the highest grade and compare favorably as te security with ether underlying first mortgage public utility issues sell ing at prices te net from 5,50e te 5. PRICE 102 and interest TO YIELD 5.83 Harrison. Smith & Ce. INVESTMENT SECURITIES 121 SOUTH 5TH STREET PHILADELPHIA LOMBARD 6100 EDSON AND COMPANY INSURANCE PHILADELPHIA Wc announce the opening of our new offices in the West Lnd Trust Building for the convenience of i our clients. EDSON AND COMPANY TeUpheaes Sptruc 9030-9031-8032' -i ,' i ( 1 J u I . " . ) mmMsVsmlsmsWMsVs l .rV.' . -' I- S i ' ' -iir5aEsaaB5r5aai rmWJUfcilfflW.WiT,SlVi n ,& ., .VJ. ,,1. Mr.t . TI 9 .m M
Significant historical Pennsylvania newspapers