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'
'h1
Tax Free In Pennsylvania
Rortbimpten County
.', 4'2 Bend
Due 1952
Price te yield 4.05
Harris, Ferbes & Ce
Pine St., Cor. William
NCW YORK
PHILADELPHIA OFFICE
Wldener Bldg.
Telephone Spruce 7040
mi
lift
p..
lW2
el
Hi
;ki
.V
im
POWER i'S-d'fi LIGHT
ftr'p Henda
Dated Oct. t, 1913 Due Oct. I, 1953
Earning December Hist. 1921
2.06 time Interest chnrffes en nil
bend and notes eutstfinillng with
uninterrupted preferred dUIJend
record since 1006
Company operates tlx hydro
electric plants In four Uastern
States.
Price 82, te yield 6
Circular T S. en request
Fairman & Company
Drexel Building, Phil.
Established 1002
Correspendents:
A. H. Bickmore & Ce.
Ill Broadway, New Yerk
III!
Pennsylvania
Tax-Free
Public Utility
Bends
Baker, Yeung & Company
JOSEPH XT. MVA1N, Jr.. Mutineer
Land Title Bldg.
Bosten
Philadelphi
'-R. A. M. & Ce
Controlled by The U. G. I. Ce.
Northern Indiana G. & Elec.Ce.
First Litn & Refunding Mortgage
Sr'c Geld Bends
Interest payaBU May & Nev. Dat 1952
offer an attractive investment.
Price 95 & Int. Yielding 6.38
Particulars upon request
Reed A. Morgan & Ce.
West End Trust Uldn , Phila.
Member of the I'hlla. Htick IJxch.
Telephone Spmr JI31
tNN-f,
Masen City
& Ft. Dedge 4s. 1955
Davis Ceal & Coke '
Lehigh Valley
Ceal Sales
Wheeling & Lake Erie
Prier Lien Pfd.
Wm. C. Orten & Ce.
M Wall St., N.Y. Tel. Hanover 9690-9697
Standard
Offerings
Kqulpment Trust fertificues,
Yleldint: 5 65 te 6 71,
" . Public Utilities fCIectrle IJght,
Power Rnd Gas) Yielding fi 25
l te 7.40.
, Rttam Railroad (Seasoned
Bends) Teldins B 80 te 7 30
Send for Description
I EDWARD V. KANE & CO.
1 612 Harris Building
Established 18 Years
k, L 1
Xhis Little Review
"Ups and Downs"
represent oil that can cenlbly i dr.
Inxl by the Invester, it is a lemplele
dltte.t of n multitude of expert opinions.
full et IeeIc, and Kts tn the point with
Ytry few werdi. luu will like It With
our compliments for a little while.
Alan A. Alexander & Ce.
Stocks and Bends
Colonial Tratt Bldg., Phila.
r
V-
r.v
Eetel Anymore Company
kUadelphln Company Cens...
. J. Un. Company
6. 1027
A' 10SI
6'a 1040
Bcranien nunuiiy in
Tht. IlAUte. IndpU. & Kaat.
HMinsfleld t'en.. Water Ce..
. ..' 1017
. ..B' 1041
. ..8'. 10.1S
jMMiia, Cel, & Kantrrn S's )026
iMiubL it. raiLLirs & CO.
'MeBber Philadelphia Meck Kscbunie
007 CHESTNUT hTKKKT
-,V sjsBjsBiSBjBTsBaBaassssBsaaaaaaBaassaasssssissBs-
Mf ISAAC STAKK. JR.. & CO.
7w' . . . . '
M-K united atatei Uevernmant
rwNL Securities bought nnd sold
t'jA'iT', at BVAValltnar mavLrMf mI..
TXS.M. " fv...
mkk
Sti., Philadelphia
,.,.
BIG SHRINKAGE IN
Sales
ZOO
100
100
900
100
100
100
1S00
1600
100
100
200
100
200
300
100
100
100
1000
300
3500
1400
200
200
100
200
100
2000
100
100
200
100
500
?00
200
General List Drifted Sluggishly
Within a Very Nar
row Area
Nrw Yerk, June 8. Thorp wn n
further dnrkcninji of speculative nc
tlvlty in today's stock market with n
correspendlnc narrowing of fluctuation..
Although call money opened at the tin
UMinllv low rnte of 3', per cent, ttenl
IncH Mimlnlnhetl steadily during the
morning, reflecting n growing disposi
tion, en the pnrt of the trading con
tingent, including both thp nrofcaslennl
jnnd the outside intcrcMi. te wait en
pending developments before extending
their operations for tlie long or short
account.
If anything, overnight developments
were of ti eenctructlve type. Among the
mere prominent events was the formal
announcement of the details of the
three-company independent steel mer
ger, which, however, wat without pro
nounced effect. The Street seemed te
be ut n les jut hew te interpret the
attitude of the Iteparatlens Commls Cemmls Commls
Men toward the flprman 'enn- The
foreign exchange market was watched
with lnleret for xeme cue, but while
200
200
300
1300
100
400
100
100
600
200
100
300
200
1300
20900
700
5100
100
100
100
200
100
200
100
100
100
100
100
300
100
200
100
1000
100
500
100
300
100
300
300
500
100
500
100
300
300
200
200
300
200
rioe
200
100
400
100
100
200
200
100
100
700
300
100
100
600
100
1100
300
100
100
100
100
300
rates rii.e( oil te eme extent from the
recent hlglm tire action of the market
gave no particular lead.
The threatened strike of the railroad
workers continued te be received with
the same Indifference, although the
rnlls become mere Irregular en apparent
prellt-taking in Reme of the recent ac
tive lenders of the lower price IfcMie.
The movement of the division, how
ever, was Mtigglsh like the ret of the
llt. Instances of the market's specu
lative chnractcr included an extension
of the rise In Atlas Powder te fl'i
points and an abrupt decline of eight
points In Du Pent. Ah a matter of fact,
the market net only for the specialties,
but also In many of the active specula
tive leaders as well, was found te be
exceedingly thin. A condition which
should occasion no particular tnirprie
In view of the repent strong arm meth
ods applied by the peels In many of
these selected issues.
Commodity Markets
GRAIN MARKET
Chicago. -Tune 8. A decline of a4d
i in the Liverpool mnrket in the face of
an advance yesterday caused nn opening i
I decline of ir te 1Jr in the wheat mar
ket under scattered liquidation by te
cent Imvers. Offers were well taken,
however, and during the first part of
tlie day the undertone was steady. The
! fact that the Government report was te i
be published after the close checked
1 business te some extent, but many
thought a bearish report had already
i been discounted and sentiment, in some
' iiunrtcr, at least, favored a further
rail.
j Cern started steady te firm at un
, changed te 'Je advance, and ruled
I steady, with a fairl active demand.
Oats were little changed, with a mod med
i erate trade.
Previsions were lower with hogs
which decline 10c te 15c.
Cern-
lam. njese i;pen
1 r M.
.ILlV .
SfPt
!) . , ,
Wheat
.tulv .
Pt
Wee.
Oat 3
TuK
srt.
Dee
lulv
i-ppt
Dee
Iird
.TuH
.Sept
Hid
I'.O .
fiO'.ff ni
(Mi. O tttK
. hi".
. 81
1 14
t 13",
1 l'l'i
04
021,
1.14 !
1.1 V I
1,0
II
ni 'j
HSf
ill. i 01't
1 13', 1M.134
1 n',iJ1.13La
i.lrt
3 ?
30
.11 ".A
.11.75
tl 4S
11 70tT7S
10 SO
14100
17200
1800
14600
COTTON MARKET
New Yerk. June S. The market
was aftive and irregular at the open
ing, with prices 1.'! points higher te .1
points lower. There was n little bu.vinj:
for the trade nnd New Orleans account,
but l.Ivetpoel, Japanese interests ail 1
commission' houses sold because the
weather In the belt did net appear te be
as bad as early prlvute reports has indi
cated. The usult .ts a setback of
about 13 points after the start, with
the list still active and unsettled.
7300
4500
200
100
103
100
100
700
500
4200
100
1000
100
400
100
500
200
100
10C0
100
100
1600
200
200
500
300
300
100
100
500
100
100
400
" 100
200
00
400
403
700
100
300
1000
200
400
400
2700
1100
100
l're cless Openlne 1PM
Julr
October .
December
j Januarj'
March ..
. . 21 20 21,25 21.0(1
21 38
21.62
21. 62
21 IS
21 (12
. 20 fcs
21.20
10 H.'i
20 SS
21 i
NEW YORK COFFEE MARKET
New Yerk. June S. Just before the
local opening. Santes was reported 100
te 17." ieis higher. This mny have
stimulated sem of the earlj biijiiis
here which sent coffee future prices 7
te 11 points above the previous closing
figures.
' Cables from Brazil say that offerings
of futures shipment coffees in the cost
and freight market have been checked.
i due te unfavorable weather conditions
which have prevented the proper curing
of the coffee. Other cables sav Europe
Is again n big buyer in Hrn7il and K
Plying better prices tlmn shippeis can
eDtnin in tlie t nlted Mates marleK
STOCK DEALINGS
luly . 10 42I4 10 ',0!J-,
.s-ptmbi-r . 10 lift 1'. 10 22W2I
Dc(itibr H H3Qli'
Mareh . n 74 57c.
May 8 SO 0 574TO0
FOREIGN EXCHANGE
New Yerk. June 8. With tlie ex- j
ceptlen of a drop of 10 points In Swed
Ibh. en light dealings, the foreign ex- ,
change market changes were confined i
within a narrow range. With the ex
ception of sterling, which, although
dull, was steady, the changes weie
downward. Francs and ltelsiaii" were
ij point lower. Lire were down 1
Svvies down -. DnnMi down .'5 nnd
marks down a8 point. Nerwcshn,
Spanish and Dutch were unchanged,
ibe last-mentioned holding firm. I
The single exception te a weal: mar- .
200
300
100
700
730
1700
1200
500
500
100
930
1400
200
I ket around midday was Norwegian.
i which showed n gain et V. points. Ster
ling was off c from yesterday's final
te 4.49 15-10 and demand te 4.401s.
I Francs were down 2?i. Belgian? down
5,1600
1 ., Hie i1. Swiss '. Danish li. guild
ers 5 and marks 1, Sweden, after'
n rally of 2 points from the opening. I
was 8 points net lower. Tlie market ,
, showed a feeling of uncertainty regard
zuuu
2103
300
2030
1100
ing the immediate position et the con
ferences relative te German reconstruc
tion problems. Business was en a mod med
crate scale.
The premium en New etk funds
. V. .' V . i t . J..L common, pnyauie .vuslu up. ie atncKneiaer.
In Montreal today was per cent. The let record July 1H and 1 per cent en tirat
discount en fnnndian funds In New , Prf','rr"' pyniie HeptunUr li. te atock ateck atock
Yerk wns per cent. I """ "' "cr AfT B' , , .,
I Cluett, I'eabndv 4 In , fiuarlerly 11.75
YESTERDAY'S ri.OHINCJ QUOTATIONS ten preferred, pajnlile July 1 te ateck of r.c-
I Sterling Kranca fjre flulldr June -"
i Demand .. 4 snv, n 13 B.21 ' an 03 Vteainrn I'aclfle Railroad Company, qjar-
Cabin .. .. 4 50s, 0 13'j (l.'JJ 31) OS , lerly Pi wi cent en preferred, payable;
i I July 1 te stock of record June 10.
iuuai a uir-r.i.u giuj a i ujiNii
Sterling- Franca Lire Oullrten
Demand
Cables .
4.4DTi
n.i:
r 21
.in e-i
30,10
4 50
n.r.1
s.iim
Reserve Banks' Discount Rates
Official rediscount rate at the twelve Fed
eral Reserve Banks are as follews:
ireaa l.id, i;emi HKrs,
ctis. nenns raper Acce
Rosten . . 4'4j
41,
4"j
r
41S
4'i
14
44
44
44
New Yerk H
Phlladelph'a . .. 4Vj
Cleeland 4',
Richmond . . .
Atlanta S
Chicago
St. Leuis ... 4'n
4U
'4
4Vi
i
4
4'
14
1
i
A
44
4$
iu)auie
C, N.
14
.
n
ft
Nr
Orleana
Minneapolis B
us red
Kansas cur ....
riaiiMa . 1 n
A
-41.
......
eM'sTtMOlaoe ... tt--j
: :'v
Si te
- ... Tt ' 'I I.... i . ' ' ' ' " . . r'-
VEWYOWCST(XX EXCHANGE TRANSACTIONS
180
P. M,
6294 -
17
Ift
71K
5094
8?Ur
48 4
in
STOCK High
Lew
62 H
17
71ft
50H
40 ft
67 94
47 ft
49
168ft
1094
2894
5ft
136ft
15
7094
106ft
47 ft
13
1Mft
7
23
62 ft
9694
134
38 ft
100
78ft
106
41
123ft
140
103
14ft
35
93 ft
108ft
1894
54 94
43
294
81ft
123
99 ft
4ft
394
39
27 ft
133
3294
11494
49 ft
45 ft
35
75
7794
794
10794
2694
22 ft
1154
51
92
134
75
4 ft
137ft
46 ft
96 ft
8
77
C6ft
9
138
7ft
39 H
73 ft
3894
76
66
lift
19
36 ft
54 ft
9ft
2214
2694
4294
75 ft
43 ft
84
98
64 ft
22 ft
31ft
69 ft
56
67 ft
33
87
5!'.
19
68 U
94
123
12)4
10394
51ft
7594
2594
1794
36 ft
574
23 ft
122 ft
124
108ft
130ft
74
43
22!4
f2ft
16ft
24
1794
84 ft
116
17!4
264
63 ft
76 ft
144
82 94
8294
9594
17
4194
31ft
18ft
77 ft
40 94
18
3814
82 ft
2
b5
82 ft
191,
12s
106 ft
107ft
94
11
4 54
42ft
194
3 94
29 ft
35
24 ft
105ft
S3 ft
17ft
10
1294
34
1
20 4
43 ft
4ft
43 94
50 ft
Adams Express.... G2J4
.. AJax Rubber 17
. Alaska Juneau O M 1 V
4 AUUd Client ft Dye 71 Ti
4 Allls-Chalmers .... 50 H
Am Agrle Chem.... 401
Am Agrle Chem pf. 67 H
Am Beet Sugar.... 48
Am Can 49J4
12 Am Car A Fdy....1C8',i
.. Am Chicle 10H
Am Cotten Oil 28J4
Am lrug Syn 5Ji
8 Am ETpress 1 37
Am Hide ft Leather 1514
Am Hide ft Leath pf 7094
7 Am Ice 1064
Am Internat Cerp 47 Ji
J Am I.a France Enjt 13 'A
Am Locomotive. ...115
Am Safety Razor. ..' 74
.. Am Ship ft Cem.... 23H
Am Smelt 6214
7 Am Smelt pf 96?4
12 Am Snuff 134
3 Am Steel Foundries 38 V
7 Am Steel Fdys pf. . . 100
Am Sug-ar Ref. ... 79 ft
7 Am Sugar Ref pf.. 106
Am Sumatra 41
Am Tel ft Tel 1234
12 Am Tobacco B 140
6 Am Tobacco pf new 103
.. Am Waterworks.... 14.
Am Watrwks 6 pf 35
1 Am Woolen 934
7 Am Woolen pf 108J4
.. Am Zinc Ld & Smelt 19
.. Anaconda copper. . . 54?
. Ann Arber pf 43
.. Assets Realization.. 3
Asse D.Goeds 1st pf 81 Vz
6 Asse OH 123
Atch Tep ft San Fe 99 !4
.. Atlan Dlr ft Atlantic 4?i
.. Atlantic Fruit 34
. . Atl Gulf ft W I 8 S 39
Atl O ft W I S S pf 28
7 Atlas Powder ....138
.. Austin Nichols .... 33 ft
7 Baldwin Locemotlve115'4
.. Baltimore ft Ohie.. 50
. . Sarnadall Class A. 45!4
. . Barnsdall Class B. 35
E Bethlehem Steel .. 75
5 Beth Steel B 77 W
. . Beeth Fisheries .... 7 ?4
8 Brooklyn Edisen ..107ft
. . Bklyn Rapid Transit 26 H
.. Bklyn R T ctfs of db 22(4
. . Bklyn Union aa..115H
. . Brown Shoe- 51
7 Brown Shee pf .... 92
. . Brit Em Steel 13ft
7 Rrlt Em Steel 1st pf 75
. . Brunswick Term .. 4a
8 Burn, Bres A 137ft
2 Burns Bres B .... 47ft
7 Bush Term Bid nf . . 9614
49 -
168ft t-
1094-
28 ft
5ft
137
15 -70
-
106 ft
47 ft
13 -
115
794
23 -
62ft-
9694-
134 -30
ft
100
79ft 1
106 - 1
41 -
123ft
140 -
103
1494
35
93 ft-
108ft
1894-
5494-
43 -
, 2
' 81ft-
123 -
99,14
4ft-
394
39 -
28 -
137
33
I15ft
49ftT
45 ft-
35 -
75
7794-
794-
107H
2694
22 ft-
11594-
51
92
1394-
75 -4ft-
137ft
46 ft-96ft-
8
26 ft
14 -77
-66
ft-
9ft
138ft 7ft
76 ft
66 -11ft
19
3694
54ft
9ft-22ft-2694-4294-75ft-43
ft
84 -98
64ft-
22 ft-31ft-69ft-56
-67ft-33
87 -
5ft-
19 -
68 ft
94-
123
12ft
105ft
ft
2694
184
37ft
5794-
23 94
1 22 94 -124
108ft
133 -
. . liuue cop ft Zlne.
. . Butterlck Ce
. . Cadde Cen O ft R.
6 California Packing
. . California Petrel .
. . Cnl Zinc ft Lead .
10 Canadian Pacific,
i . Case J I Plew
. . Central Leather ...
. Central Leather pf . .
, . Cerre-de-Pasco . . . .
G Chandler Meters . .
4 Chesapeake ft Ohie .
, . Chicago & Alten . .
8
. 26 ft
14ft
, 77
. 66ft
. 9ft
,138ft
7 ft
. 39ft
, 73 ft
, 39
76 ft
, 66
lift
. Chicago ft Alten pf 19ft
. Chi ft E III (new).. 36 H
. Chi ft E 111 (new) pf 54
. Chicago & Or West 914
. Chi ft Gr West pf. 22 ft
. Chi Mil ft St P .... 2694
. Chi Mil ft St P pf. . 4294
6 Chi ft Northwestern 75 14
. Chi R I ft Pac 43ft
6 Chi R I ft Pas6ftpf 84ft
7 Chi R I ft Pac 7 pf 98
G Chi St P M & O.. 4K
. Chile Copper 22 ft
, . Chlne Copper .... 31ft
2 Clev Cln Chi & S L 69 ft
. Cluett-Peabody .... 56
4 Ceca Cela 67 ft
. Cole Fuel & Iren .. 33
6 Celum Gas ft Elee. . 87
. Celum Graphophens 5ft
. Cel Graphophene pf 19
6 Cemput Tab Rec. 68ft
. Consel DIs Ins .... 94
7 Consolidated Gas ..123
, . Consel Textiles 12 ft
4 Cern Products Ref.l05H
2 Cesdcn ft Ce
5294
Crucible Steel 76 ft
Cuban Am Sugar .. 2694
Cuba Cane Sugar .. 18ft
,. Cuba Cane Sug-ar pf 3794
.. Davisen Chemical . 5794
.. Deheers C Min Ltd 23 ft
e lIaware & IIudsen122ft
fi D. 1 i..iek & West . . 1 24
8 Oetielt Kdlsen ....106ft
g Du Pent (E I) Ce135
6 Eastman Kodak new 74 ft
3 Elect Storage Bat.. 44ft
74 ft
44 ft-22ft-82
ft-16ft-24
1794
-17ft-2694
63 ft
76 ft
1494
96
17 -4194-31ft-18ft-77ft-4094-
18 -38
ft
82 ft-
2
66 -82!
-199s-
106ft
11
4ft
42ft-
1ft
3 94
29 ft
35
24 ft
105ft 63ft -17H
18 -13
34 -lft-1
2094
45 94
4ft
4394
51
85 ft
37 ft
21 i
79 ft
3794 -55
ft
64 ft-
. . Ek Hern Ceal . . . .
G Endlcott-Jehnson . .
. . Erie ....
.. Erie 1st Pf
. . Erle 2d pf
g Famous Players L.
22 ft
82 94
16ft
24
17 94
84 ft
10 Flher Bedy 116ft
Flak Rubber 17ft
. Freeport Texas
26 94
63 ft
76 ft
1494
8294
824
96
17
1194
31 ft
18ft
. General Asphalt .
6 Geneial Cigar . ...
. General Meters . . .
C Gen Meters pf . . .
C Gen Met deb 6.
7 Gen Met deb 7.
. Glidden Ce
. Goedrich B F ...
. Granby Mining . . .
. Gray ft Davis ....
7 Great Northern pf.
77ft
4 Great North Ore sub 40
. Gulf Mobile ft North 18
Gulf Moblle ft N pf 38 ft
. Gulf States Steel .. 82 ft
JiaDirsimw Piecing, a
j Ilartman Cerp
Housten Oil ..
1 Hupp Motorcar
Hjdraullc Steel
7 Illinois Central
, . Illinois pf w 1 . .
, . Illinois Rights .
, . Indian Refining
. lndiahema Ref
E6
. e2'
. 20
'2ft
. 106 '
107 94
94
. 11
4ft
. Inspiration Cen Cep 43
, . Inter Cens Cerp.... 1 ft
. Inter Cen Copper pf 4
, . Interbore Rapid wl. 29 ft
2ft Internat Cement .. 35
2 Internet Cem Eng. . 24 94
r Int Harvester new. 105 ft
6 Int Mer Marine pf. 03 ft
.. International Nickel 17i
.. Invincible Oil Ceip. 18ft
.. Iowa Central 1394
.. Iren Products 34 94
. . Island Oil 1 J,
.. Jewel Tea 2094
.. Jenes Bres Tea.... 45 H
.. Kansas & Gulf .... 5
.. Kaiser Ce new .. 43 94
.. Kelly-Spg Tire .... 51ft
100 6 Kelly-Spg T 6 Te
pf 85 ft HI 85 ft
.. wennecett copper . . j'4
. . KevNtene T & R ... 2194
. I.nccde Uns of St L 7994
,. Lake Eile & West.. 37ft
37
20 ft
79 ft
37
.. Lake Erie & West pf 55 ft
53
64 ft
100 3 H Lehigh Valley
64 ft
DIVIDENDS DECLARED
LIVESTOCK QUOTATIONS
rittatmncli, Jun-i 8 HOGS Receipts,
8000 head Lewer. HeiUt-n. $11 : lmay
yerkers, llcht jerkera and nlre. 111.30 f
Iteadlnr Company, quarterly 2 jr nt en'
1M.5.
---. .- a,u,
Kust Ruffaln,
eeipts, ih head
California Petroleum Company. Quarterly
1 1 !i per cent en preferred, payable July 1 te
' stock of record June 20.
ziiii nain nraanii
Hmi5n..i.
lOe lower.
. -.--..,.,.,
uunu ei m nieci, ui rrcerQ junn ju.
, I.ITerpoeI. June
I lteri demand fnr
atyere steady en the
Dim Cvt.rtl DOlnlS for mldn
O. & Tex. Pac.
, , ., , were HOOO bales.
Yerk. June H
-The Cincinnati New
v.i ...wi;L
and Texai
racine Hallway de
yn.vm, ui vt.tlt.li
Hnrtt mlasa ivava
an extra uiviueud of alb Per tent 13.S04J reed
..- ----.-- r .-- 1 -. eivg ifii
..... ,e...-i '""""i uiYieenu 01 "ung. Jj.jpai
"".' .' """"" """ i'j,sei iiune niing, unna;
stock of record June it). dinar". I0.0d,
Northern Paelflc. quarterly 14 pr cent,
paubln Auguet 1 te ateik of record June 80,
J. C Penney Company, quarterly II 7ft
en preferred, payable June 30 tn stock of
record June SO.
(Ilrard Trust Company, quarterly 0 per
rent, payable July 1, te stock of record
June 1ft
Utah Copper Company, quarterly ftd rents.
iU.B0AU.ni yerkers $11, HR, light verkers,
and pigs in.30ll,ii reutths, IU&U 25,
slas in CO SO.
. S1IEEP AND LAMBS Receipts 200 head.
Lambs, 25c higher, I.nmbi, ItuQ't." 50
- Dlv-
Sales In STOCK High
,'2 Liggett A Myers pf. 116
222 I.I'lma Locomotive ..116ft
700. .TLeew's Inc.. '..... 1594
200 ,. Loese W1je8 46ft
'00 .. M..1, TniMr .. S6U
Lew
116
115
15 ft
46 ft
16 ft
88 ft
23 ft
46 ft
. 78
' 49
39
7
21
42 ft
3494
37 H
72
24 ft
138
3094
15ft
37 ft
12
18ft
40 ft
22ft
56
73
22 ft
17
53 ft
94
1294
5ft
66
1894
8994
78
91
44 ft
31ft
26 ft
23
21
63
-43J4
8ft
35
1194
3 ft
1994
13ft
37 ft
9
72 ft
17ft
64 ft
70
63 ft
9
41ft
1094
22 ft
84 ft
31ft
66 ft
77
39 94
57
20 ft
40 ft
94
50
4394
i 66
96 ft
37 ft
2314
8294
109
79 94
45 ft
45 ft
87
121
4994
32 ft
10494
26 ft
18
75
5194
5194
34
37
7494
91ft
1094
50 ft
43ft
64
49
13ft
2894
47ft
2894
4 94
12ft
76
11
44 ft
37 ft
49 ft
90 ft
8894
24 ft
22
113ft
19194
115
49
100
51ft
123ft
114
7ft
9
394
2ft
12 ft
48ft
49 ft
30 ft
32
23
130
80 ft
105
5094
4894
18ft
5594 ,
65 ft
2494
138
100
3994
75 ft
141
15ft
6394
7ft
24 ft
57
96
68 ft
64 ft
43 ft
10194
119
6694
50 94
3194
69 ft
56
12ft
13
31ft
110
1294
21ft
62
61 94
15
27 ft
28 ft
50 ft
9J4
Oft
45 ft
694
400 7 Maefc Trunk 1t if 88 14
600
1600
100
100
100
200
100
5000
1400
200
700
9600
4300
.. Malllnsen Ce 23ft
.. Manatl Sugar 48ft
7 Manatl Suirar pf . . 78
7 Manhat Kiev Guar. 49
2 Manhat Shirt 39
.. Mnrket St Rwy .... 7ft
Mar St Ry 2d pf.. 21
Marland Oil 42 ft
2 Martin Parry 35
Math Alknll 3794
.. Max Moter Clan, A 7294
.. Max Moter Class B 25 ft
12 Mexican Petroleum. 139 94
9 Hflf.M S. 4AIZ.
200
2ftr!1,20 Mlddl States Cerp!.' 15ft
2800
100
100
800
200
100
100
2500
100
100
1200
100
500
800
100
100
300
100
. Juiavale Steel 38
Min ft St Leuis ... 12
Me Knn & Texas... 12
Me Kan ft Tex (wl) 18 94
Me Kan ft T (wl) pf 40 ft
. Missouri Paclfie .. 22ft'
; Me Pacific pf 56
5 Mentana Power ... 73ft
Montgomery Ward. 22ft
National Acme ... 17, ,
Nat En ft Stam ... 53ft
National Lead .... 94
. Nat R R of M Ut pf 13ft
Nat R R of M 2d pf 5ft
6 N O Tex & Mex . . 66
Nv Cen Copper ... 1894
8 N T Central 83ft
N T C ft St h.... 78
R r V r. m . ... m n.
ft
ft
94
ft
ft
ft
ft
ft
I
1
200
94
1000 2ft New Yerk Deck ... 46
3100
100
100
200
1100
200
100
100
100
1800
3100
100
100
4400
100
100
2600
3200
100
7300
3300
9100'
200
100
1800
600
100
100
4200
400
300
14000
1300
1200
1400
100
4300
new Yerk N H ft H 31 Vz
2 New Yerk Ont ft W 26 ft
4 N Y Shipbuilding.. 23
. Norfolk ft Southern 21
B North American... 6394
3 North Amer pf 4394
North American rts 8ft
Neva Scotia S A C. 35
ft
ft
'"ft
94
6
94
94
94
ft
ft
"ft
94
ft
ft
94
94
1ft
1
ft
I
94
74
1ft
ft
ft
"ft
ft
ft
ft
4
H
ft
94
Ohie Bedy ft Blewer 1 1 34
.. Oltla Pred ft Ref . . 394
.. Orpheum Circuit ... 21
Otis steel 13ft
2 Owens Bet Mach ..37ft
Paclfie Devel Cerp. 10
6 Pae Gas ft Elee ... 72ft
.. Paclfie Mall 1714
8 Pacific Oil 64 ft
Pan Amer Petrel .. 71ft
Fan Amer B 63ft
.. Panhandle 9?i
2 Pennsylvania R R. 42 ft
. Penn Seaboard Steel 1 1 ft
.. Peoria ft Eastern ..22ft
6 Peeples Gas Chicago 84 ft
.. Pere Marquette ... 3294
6 Pere Marquette pf . . 67
5 Pere Marq pr pf . . 77
3 Philadelphia Ce ... 39 94
2 Phillips Pet 58ft
.. Plcrce-Arrew Moter 2014
. . Plerce-Arrew Met pf 41 4
.. Pierce Oil 10 ft
8 Pierce Oil pf 54
.. Plggly Wlggly St... 45ft
6 Pitts Ceal 67
6 Pitts Ceal pf 96ft
Pitta ft W Va
38
2!22 1 Pe,,1 Crek Ceal
300 6 Pestum Cereal .
100 8 Pestum Cereal pf
.122 Pressed Steel Car
4100 .. Producers ft Ref
. 24 ft
. 8J
.109
. 7994
Vs
94
1ft
ft
1
ft
ft
94
ft
94
ft
ft
" ft
ft
94
ft
ft
94
ft
ft
14
i;
a
ieyt
500 .. Producers ft Ref nf. 4514
100 6 Pub Ser Cor of N J 87
100 8 Pullman Ce 121
8200 ., Punta Alegre Sugar 51ft
1600 2 Pure Oil 3394
100 8 Railway Steel Spg. .104 94
1003.41 Rand Mines 26ft
2100 .. Ray Cen Copper .. 18ft
1900 4 Reading 7594
100 2 Reading 1st pf .... 5
1 90 2 Reading 2d pf 51 94
400 .. Remington Typew.. 3494
6600 . . Rcplogle Steel 38
51 JO .. Rcpub Iren ft Steel. 7594
200 . . Rep Iren ft Steel pf 91 ft
200 .. Republic Meters ... 1094
200 .. Reynolds Springs... 50ft
700 3 Reynolds Teb B ... 48
31005 20 Royal Dutch N T.. 6494
100 .. Rutland pf 49
200 l st Jeseph Lead.... 15ft
100 .. St Leuis San Fran.. 2894
200 . . St Leuis San Fra pf 47 ft
300 ..St Leuis Southwest. 29
2100 .. San Cec Sugar 5ft
100 .. Scab Air Line pf.. 12ft
2400 .. Sears-Roebuck .... 77ft
100 .. Shattuck Ariz Cerp 11
10083ft Shell Transport.... 44ft
9800 .. Sinclair Consel .... 38
300 . . Se Perte Rica Sugar 52
200 ft Se Perte Rice S pf . . 91
2500 G Southern Paclfie ... 89ft
800 .. Southern Rail .... 24ft
2400 ,. Splcer Mfg Ce ?294
1930 4 Standard Oil of Call 15
4100 5 Standard Oil of N J 194 ft
400 7 Stand Oil of N J pfllSft
300 "ViSterllng Products... 49
100 H Stern Bres pf 100
500 .. Stromberg Carb .. 52 ft
11500 7 Studebaker 12494
1500 7 Studebaker pf ....114
400 .. Sub Beat Cerp 7ft
4300 .. Superior Oil Cerp 10 ft
9700 .. Sweets Ce of Amer 4ft
1100 .. Temt Cern & F "A" 2ft
1600 .. Tenn Cep & Chem.. 12ft
3200 .1 Texas Ce 48ft
200 4 Texas Gulf & Sulph 49 ft
2100 1 Texas & Pae c ft O 31 94
300 .. Texas & Paclfie ... 32ft
500 .. Third Me 2394
100 .. Tidewater Oil 130
900 6 Tobacco Products .. 80 ft
3100 7 Tobacco Pred pf ..108
100 .. Tel St L ft W ctfs B 5094
1900 .. TStL&Wpfcts B. 49ft
100 .. Transcontinental OH 18 ft
200 2 Twin City R T .... 55ft
100 6 Union Bag & Paper 65ft
4600 .. Union Oil 2494
400 10 Union Paclfie 138ft
200 7 Union Tank Car ..100
100 .. United Alley Steel.. 3994
100 .. United Drug 73ft
300 8 United Fruit 141ft
100 .. United Rwy Invest. 15ft
1200 .. United Retail Stores 66 ft
B300 .. US Feed Freducts. 7 ft
600 ..US Heffman Mach 24 94
300 ..US Ind Alcohol .. 57 ft
100 7 U S Ind Alcohol pf 96
1500 ..US Realty A Imp.. 69
6100 ..US Rubber 64ft
100 ..US Smelt & Ref ..43 ft
9100 BUS Steel 102ft
600 7 U S Steel pf 119ft
200 2 Utah Copper 66ft
1800 .. Vanadium Cerp ...,51ft
100 .. Va-Car Chemical ..3194
100 .. Va-C.tr Chemical pf 69 ft
100 6 Va lien Ceal & Coke 56
300 .. Vlvaudeu Inc 13
4530 .. Wabash 13 94
1200 .. Wabash pf A 32ft
100 T Western Elee pf. ..110
800 .. Western Maryland. 12 94
100 .. Western Paclfie ... 21ft
100 6 Western Paclfie pf 62
500 4 Westing E & M ... 61 94
3000 .. Wheeling ft L E .. 16
1400 .. Wheeling & L B pf 29
100 2 White Eagle Oil ., 28ft
400 4 White Moter 094
200 .. Whlte Oil Cerp ... 10
1600 .. Willis Overland ... 9ft
1500 .. Wllljs Overland pt. 46ft
2J0 l Wright Aero b4
1ft
94
94
ft
ft
ft
ft
'ft'
.'
194
ft
14
ft
1
ft
ft
94
ft
ft
ft
ft
94
94
ft
ft
ft
94
94
ft
94
ft
14
194
94
ft
ft
ft
ft
ft
14
ft j
Net
Clure.
ft
..
ft
ft
ft
1
'Change Suspends Neel Carpender
.New Yerk. Juna S, It ha. been an
nounced from the reatrm of the New Yerk
I Stock UxchanSH that Neel
6HKKP AND I.AMIIS Heeelpta 00 head, wen expelled. He la fleer
6,t5f.d'v.f,n,Bn' T S5j lambri, 111.60. of Carnpender. Caltrw A
CALVES Receipts. SOU head. Steady. ' red lnmlant May 9.
Ten tl'l 9.1 tilt n nh nner. tl..i.Ml..
-...,,? h.viiiui;i ail.
irV..ti,.,,!!'kty hs Oevernln Committee. .Clelilfleld Deep
.... ' ,"!,""? '" the expulsion, aaya action was Great Rend
Tr'Je7rJi.", .l.aiiV'''"'"'.' "ckless and unbu.ln"...!! JumboExtenslen
, receipts, 1 iini trigs. 'Uleckless nnd UnUaalneHs-ltke Kewanas
June . CATTI.
steady. Calves,
i 'i;ia-h.,i e,.hv. ..!., Xr .."A"4" ."""",.
s.i trn 1:1 iiajunns ... ...k.i . l.
WnW. Ill .KW11 Rrt, mlvA.I I nn nt V.& J,....... l- ,-
.v jr. "". , 1 .-..., mu, an n it.uh
--".. wz:im;:s" T '. ...... 1 -- w. .. uuvtiiitiiK
?.! in't,t' m.tlw fact mat Carpender
(.affrey Ce. cent nued tn de business and
lake new aoceimts after thsy knew that the
Mr"' CaVn.in2'vLn,l, K-T1!r mVmberVhlp of
Mr. (.arpender will be d spesed of undrr
Action S. Article IS of the constitution.
Liverpool Cotten
Railroads te File
8. There wan only a Urn-
.nnl enllnn Inilai 1 ,1. . n.i...
Washington, June 8 The
bnals of nn advance of , merce CommlMlen today granted rxrmlsiiiM
m u 1 Iflrf Tlin ..In. tn Ihn rniliilf-v'M rntr: A? 7 .t. :'"l?"
the ceuntrr'H railroads
The receipts re 14,000 icni
7'aAt' . Z772 ."". V" ' T'" . "IV." '"" "il";il'w r.""
a . Ann fn.m llu u III, tli. ....
vUl U,VB VtfIB AniCriCBIl.
A mateilan rMlitllli .(
duotlen of freight rales effeetrve July
oil three days' notice Instead of the ten
days' notice, as provided In ih. i;..,....
mlddllns;. 12 7fid: fully mid- 'days' notice, as
niiit.iinn iniuui iiiai ion.
miaaung. vj sua: low mia
goon ero nary, 11a, and
..
ISM- irnvrn - viuii nirn waivfl Criilln
r urw jMHn.mn',l 'veW " it
report. Th commission also
RENEWED ACTIVE
1:80
p. r.
BUYING OF P.
116
113
ft-56ft-88
ft .
23ft
48ft
78
49 -39
7 -21
ft
ft
ft
ft
,.ft
ft
194
2
ft
'ft
'.
ft
UEarly Action Predicted for
toratien of Pennsy's 6
Cent Dividend
42ft
3494-
.3794
72 -
2Sft
P. It. T. retained the foremost
Hnn tn tlia Will mnrket nnd en
94
ft
buying made n new high record
ft
Net
Chre.
year nt 30. lie dealings were inmj,
including one block of 1000 shares t
35. While the movement appeared te
be captained by n new mnrket repre
sentative, yet the tip was thoroughly
circulated overnight te pickup the stock
for n five-point rise. The renewed
speculation undoubtedly had Its basis
upon the Mml-effleial information that
a semi-annual dividend of !l per cent
would be declared within a short time,
nnd, as stated yesterday, would be
payable en July 81.
Subsequent dividend, if was reiter
ated, would be paid quarterly. About
the only fresh information concerning
the long nwnlted dividend was the
statement made by houses close te the
management te the effect the company
139ft 194
30H- ft
15ft ..
37ft- ft
12
12 -10ft
40 ft
-73
ft
22 ft
17 53ft
94 -1894
8994
78 -91
44ft-31ft-26
ft
23 21 -63
ft-
43 ft
8ft 35
1194
394
20ft ft
994
72 ft-17ft-6494-71ft
63ft-
8ft
42
11 -
22 ft
84 ft
32 94
66 ft
77 -3994
5894 -r
20ft
41 94 t-
9ft
51 ft
44 -66ft-96ft
37 ft
23 ft
83 109 -7994
194
1
already hnd en hand mere man sum
clcnt funds te .meet the 3 per cent, or
$1.50, share dividend requirements. A
fairly substantial volume of dealings
was "also recorded in Union Traction
with most of the stock taken at 42.
The semi-annual dividend of 81.B0
comes off the stock tomorrow and some
of the buying today was for that dlvl-
Ac'tien of the Electric Storage Bat
tery directors Mn declaring n quarterly
dividend 75 cents, equivalent te the
former quarterly payment of ?3 en the
old stock was a great disappointment
nmi fnr nnee the ticker made an error.
1
1
Tlie stock was sold rather freely, bring
ing a decline of nearly 3 points from
yesterday's top price en the big beard
94
ft
ft
ft
1
ft
94
ft
ft
ft
ft
ft
94
ft
94
ft
1ft
94
ft
114
14
ft
94
ft
ft
ft
te 43ic A numtier OI unacnyjng inly
ing orders were reached en the sharp
decline, which brought a subsequent
rally te 44. Announcement was
after the directors meeting uini
business of the company wns excellent,
but the beard were net prepared nt this
time te consider nny Increase in the
dividend rate. i
The prediction made yesterday by one
of the Pennsylvania Ilnllrena direc
tors of nn curly action which regard te
restoration of the 0 per cent dividend
en that stock was, of course, an en
couraging bit of news nnd deve-tnllcd
with the statement made by Mr. Ilea at
the stockholders meeting. The trouble
wns. however, many misconstrued Mr.
t'tijler, a stntemcnt'te mean immediate
action. That undoubtedly was net his
Intention ns it Is nuitc generally under
steed in financial circles that the beard
would be rcluctnnt in making nny
change In the dividend policy until the
gres income of the cempnny reached
nearer te normal proportions.
The great Improvement, however,
which has taken place within the last
two months in the general traffic move
ment has made the outlook much mere
premising than it was In the early part
of the year. If thli improvement Is
mnintnlned ; if the coal strike is set
tled, nnd If the railroad workers de net
take drastic uctlen against the wage re
duction, there is every likelihood of the
0 per cent dividend being restored be
fore the close of the current year. Mr.
Cuyler's prediction of nn early action
unquestionably meant within the same
six months period.
46 - ft
45ft-, H. ft
87
121 ft
51ft 294
33 - ft
10494- 94
26ft ..
18ft ..
7594 ..
51 94
5194
3494 r
37
75ft
91ft
46
6494
49 -13ft
2894
-5
12J4
76 -11-44
ft
3794
52
91
89 -
24ft-
22 -
115 -
193ft-
115
49 -
100
52 ft-
124ft
114
7ft
9ft-
3ft-r
2ft-
12ft-
48 ft-,
49ft-
31 -
32 -23
130
80 ft
108
5094
49 -r
18ft
5394
65ft
24 ft
138M
100
3994
73 ft-
141ft
1514
6094-
7ft
24 ft
57 96 -69
64 ft
43ft-
102 ft
119 -6694-E094
56
13
13ft -J
31ft-
110
1294-
2tft-
62
61 94
15ft-
28 -
28 ft -i
50ft-
9ft
Oft
46ft-
Uft
94
ft
"ft
"ft
ft
"ft
2ft
Philadelphia Stocks
1:15
P.M.
Hlsh
Lew
euTAm ucct
Sugar .. 4S-; 48a
730 Am Itvvys 10.. 10 10
20 Am Strs..l22Vj 12214 122V4
1
ft
ft
ft
2
1
ft
ft
94
ft
1
ft
"34
ft
1
'ft
ft
ft
ft
4
9i
ft
ft
'ft
ft
3
94
ft
94
94
ft
'ft
lOt Anaconda 54 51 54..
200tCern Prd.105 105 105 - 144 -
BOO Elee Ster. MV, 43 44
8 Key kTcle
pref. .,
150tKcy Th
34
a
74
37 H
34
20
11
74
37'i
31
80i,
41
72
34 ..
21
11
74 . .
150tKcv Tire.
320 Lake Sup
vz i.eh .nv..
liOtMldvale..
lOtN Y N H
& II.... 31
0 Xer Pennn 80.
848 1'enna It It 42
25 Pennn Salt 72
lOOfPenn Sbd
Steel.... 11
20 Phila Ce
cum pf.. 38A
130 Phila Elee 20
7541 Phila ItT 35
720 Philn & W f
200 de pref.. 33
.".0 Philn Trne C(l
.".OOtPierce Oil !)
310 Itndie Cor 5
lOOtReynelds
Teb B.. -40
500t8upcr'rOil 0
018 UnienTrnc 42
220 UO I.... 50
10 de pref.. 54
355 W .Ter&8. 35
300 Yerk Rwy 20
31
80..
.12
72 ..
10 11
38
20
34
8
33
en
0
5
40
$
8
35
28
38- -I
20..
85
0l
33J. if,
Cll ..
"
5 -
40 .. .
0
42 4-
50
54 ..
35 1
28-
tNet change made by comparison with laBt
aale en New Tork Stock Exchnnge,
rieuvDULnnA bends
2400 Liberty 3d 45" 28 100.10
3.-00 Liberty 3d 4Vs '28.lefU00.O0
2000 Liberty 4lh 4s '38. .. .100.00
1000 Altoenn & Legnn 4s. . 03
3000 Electric & People's 4s.. 07
14000V Phila Electric 5H...let 00
1000 Philn Electric Oh 10394
1 ft
ft
ft
LOCAL MINING STOCKS
TONOrAH STOCKS
Bid
Caah Bev 01
Jim nutler en
MecNamara 07
Crescent 0.'
.Midway OT
Mlzpah Extension 0(1
Mentana OS
North Star 10
Rescue Uula Id
Tonepuh Kxtcnalen ls
Went Hud 01
VVeet Tonopah OJ
DIVIDE STOCKS
ft
Allied Dlvld
Alte Divide
Belabor
HUcher Extension
IlreuKll Divide
Dlvtde Extension
Divide Ren ..7
.00U
.oeis
.01
.01
.04
.in
.02
.02
.00 VJ
.10
.03
Dividend
Er
Rit Divide
llarmlll ...
Knox
Silver King
Sutherland
Tonopah Dlv'de 78
Tonopah llasbreuck 0'2
Victory Divide. ei
Verde Divide D0V4
.one te
QOLDFIELD STOCKS
r teeth e.'
Combination Fraction (II
Craclierjack 02
L. Rarnendrr l.n.
member et Ui lirni
Ce.. which wa.de.
He waa admitted te
M an. .''V
uinnumuneia dius null...
Fleienen
Uoldfleld Cen
.20
.07
.0.'
.11.'
.01
.02
.01
.014
,17
.01
XVUO. A fllfllfl,
ueiiinein I'cv
,"..c.'r"fr. was
l . .
Ixne Star
ui wninri ,! mn.
Ore .
Red Hills . .
Wlver Pick .
bpearhead ,
Committee has been
.::'"".".
MISCELLANEOUS
Atnparn
Arizona United
Calened'a
Candelarla
Emma Hller ,
Eureka Croesus
Eureka Helly ,
Ileela
Marah
Mether I.nd , , ,
Nevada llllla ,
Nevada W,umlci
Stircess ..,,,
Tecopa Mining .,,,,,,,
.80
.20
OS
32
01
.24
004
54
..'I
.12
.01
24
OH
.10
.4".
A1
New Tariffs
Interatate Cem.
tn hi ,.i..r
.a ... .,.,
In
ii in va ....
v
waived cerialn
Volcano
hits caps
I Initawl fttuf-M Shinn.ner RamJ
R. T.
(Thmtk tht (MM Stitft SMptrst lard Enicj,FIt CtrptntltR) ''!
INVITES OFFERS Ol 1
ONE STEEL CARGO VESSEL
S.S. OLOCKSON
The UNITED STATES SHIPPING BOARD, through i.
UNITED STATES SHIPPING BOARD EMERgImpv
FLEET CORPORATION, invites offers for the purchase 'V'
one steel cargo vessel, which has been duly appraised and N fi '
be sold at private competitive sale. t0
All offers received before June 21. 1922. wilt he ..u... . .
Res
Per
poet-
BCtiVC
for thn
and no award will be made before that date. Negotiations maw
be continued thereafter; and all offers received prier te rmai
award will be considered
D. W. T .'....9419
Grets 6076
Net 3729 Depth 34ft8l
Oil-burner, equipped with one triple expansion engine Ttiti
2800; 3 Scotch boilers; built by G. M. Standifer Construction &
1919. Located at Balboa, C. Z. en co- ,
This vessel en March 13, 1920, while en route from New YerV
le Kebe and intermediate ports caught en fire and was cartiallv "
damaged. This vessel was then beached, holes cut In the tMe
plating, vessel flooded and fire extinguished. The holes were
then closed, vessel raised and the cargo discharged at BaltmV
C. Z., where it new lies. ,uea'
The above vessel will be sold "as is, where Is," and th
United States Shipping Beard and or the United States ShibDin
Beard Emergency Fleet Corporation will net be accountable for
errors in description.
A certified check for two and one-half per cent (2J4) 0f the
amount offered must accompany each bid. This sum will be
credited en the purchase price if award is made te the bidder or
will be retained by the Beard en account, of damages if the suc
cessful bidder fails te complete the purchase. Checks will be
returned promptly te bidders whose offers are rejected.
The Beard reserves the right te reject any or all bids.
Bids should be addressed te
EDWARD P. FARLEY, 'Vice President -i
In Charge of Salea
UNITED STATES SHIPPING I0ARD EMERGENCY FLEET CORPORATION
WASHINGTON, D. C. '
and marked "BID FOR S.S. OLOCKSON"
made
uie
THOMAS JANNEY COMPANY
Sele Leather Tanners and Shee Manufactmert
wish te make a sound, meritorious and
conservative investment offering. Address
DESK 1
THOMAS JANNEY COMPANY, VICTORY BUILDING,
PHILADELPHIA
.TT1
Analyses
of the Bend Market
Our circular analyzing the
present position of the
Bend market has just been
sent te our clients.
If you would be interested
in receiving this circular
and future literature of a
similar nature, please ad
vise us.
SCHIBENER,
BOENNING
&CO
INVESTMENT BONDS
1615 Walnut St Phila.
Members PMla. Stock Exchange
Bell. Leraet 7460 Krj.tene, Race 3268
JBSSBMSSSMBL,
chs.
5413
fr va
VA.
1
v
r
SPECIALISTS
We make a dependable
market in all Uiues of
UNITED STATES
GOVERNMENT
SECURITIES
COMMERCIAL
TRUST COMPANY
Member Federal Reserve System
City Hall Square
Ask
.00
.0
.0(1
.03
.(ill
.08
.11
.12
.It)
14
We suggests
Denner Steel Ce.
lat ref. 7s, 1942
Penna. State Tax Refunded
Nermal Income Tax paid
Price 98
Public Service
Cerp. of N. J.
Perpetual 6s
Price te yield 6.25
.01
,01
.OJ
.03
.06
.18
.ri
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.01
.11
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ill
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.03
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lit
.01
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F. P. Ristine & Ce.
Widtn.r Bldi.. Pkilad.lr.ki.
New y.rk Elisabeth, N, J.
C. S. PATTON & CO.
l a rilKSTNUT ST8.
BANKERS
1.00
.25
.10
.34
.02
.20
01
04
.20
14
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.10
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.47
.08 BAII.ER L STEVKNRON
PICK
ght
BstiJs and st
ka hnnsht And aIJ
Msmners v
l c.i. if-.. "v.w.
piw. nscnanss.
Lawrence E. Brown & (V
fA"1"?0 PUL'C ACCOUNTANTS
U iiiSt7urSSSR "".S"P..
WW
FsibBH
lMJr iia "
si
Iffill ??!tin.
rV-ir ""
Reynolds Spring
Company
Established 1899
Manufacturer! of
.Cushion Springs
and
Radie Apparatus
Common Stock
Listed en
New Yerk Stock Exchange
Circular en rtquttt
GOODBODY &. CO.
Members
New Yerk Stock Exchange
115 Broadway
New Yerk
BOUGHT-SOLD-QUOTED
Penn Public Service (iuuei)
Empir. Rtfining Ce. lit 6'i 1927
BtlHmere Electric Ce. S't 1947
Raritan Rtfining Ce. 7 ' 1929
Ttnncuw Eltctrie Pr. 6 ' 1947
Commenwttltk Pr. 6' 1947
Milwanket Electric Rr. 8 s 1930
Merropelitan Ediien S't, 6'i, 8'
Centtantin Refining Service 8'i
Pkilt. Suburban G. & E. 6'a 1969
American Get & Elee. Stk. & Bendt
Buenei Aires 6'i 1926
Canadian U. & Pr. lit S'i 1949
Beaver Valley Tract, lit 5'i 19S0
E. G. Budd Stock & Bendi
MPCewn&Ca
LAND TITLE BUILDINQ
PHILADELPHIA. PA.
Members Philadelphia Stock Excbuft
$
PROVISION for the pay
ment of income and
, ether taxes is an impor
tant factor in the invest
ment of the funds of
wealthy estates.
This is a phase of our
service te investors which
has careful consideration
when recommendations
are made te people of
large means and te Trust
Estates.
We invite conference en all
current investment subjecti
HARPER &TURNER
Investment Danker
Mtmttrr JPAItadtfpMa StecA &
STOCK EXCHANGE BUILDING
Philadelphia Ktttttt
ScnnTen
EDWARD LOWBER STOKES ICO.
Investments
20 Seuth 15th St.
II
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PHILADELPHIA
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