-BMSff'
7f W ' ' f .
r .,
I 1 v .... .
i,f
i'M..ff.fr.Vi..
1 '.s' -,.
KlL fv
L.-'.-J.-HV; r ri..
rjrr.T"" , x
fc;r"'eT'
FW5m'&
I. W PHllV"aHVilBM
Dees a
Voluntary Trust
End with
The Death of
The Maker?
This question, with
ethers, i: answered in a
booklet, "The Trust
Cempanv and The
Individual," which will
be sent en request.
Fidelity
Trust Company
325 Chestnut Street
1431 Chestnut Street
6324 Woodland Avrnue,
Wet Philadelphia
1
!
I
j n cm
5 a nn
W. Capital ss, 200, 000 Mti
1 c.-r... it! nnn i.in a u
1 b m
Z I 11 f.,m. J m I, I .1 e n 7 1 (
2 J V metettan $300,000,000 MJ J
itfejZI
- -. -
if " !
5 ;in.oeo ' I
S40.C00
SIERRA & SAN FRANCISCO
POWER COMPANY
FIRST MORTGAGE 5s
AUGUST 1, 1949
. .-, ,
WR
TOTAL ISSUE $3,500,000
FOLLOWED BY $9,3.C00
SECOND MORTGAGE BONDS
IJermn'i i'-ji'.- turn
Averaged .3' Time Iiteir.-,t
en First .Ts
LISTED ON NEW YORK STOCK
EXCHANGE
PRICC
391. AND INTEREST,
TO NET 5 158",
REILLY, BROCK & CO.
306 CHESTNUT ST.
PHILADELPHIA
M
MS- law. ii f
f ine Lana 01
j Opportunity
The eunp lnisnn.'.ss
man bus no limita
tion? .-avc In.- own
ability and enterprise,
both of w hich can be
reinforced l : oed
band in p c r n 11 ii '
son ice.
('O)HC 'I eurf ?'' us
Third
HS
e
Ornriserf IZftS
Irnmillllllllllllllllllllllllllllllllllliiiiiirn
n
j rtflH t"'-' whv
' I l'-'. .
We Own and Offer K wv .
j, A well lecurid Indu.triil bold 1 , ,-'U
I te be sold at price te rctern B luy ,'
' ! 7C' curreat. I Ju,:jt'
Aucti are $3000 ftr tick I "v
$1000 bead. I ,.,' AtA-
aw MBh. W Ite
h. r Kistine&Ce. I
Wideatr Building, Pbiladelpkia 1
Ww Yerk . . EllMhjitb. V. J. U
Ifrmtxr .Nu J url. uni PMlattlehut a
StucU UicUanata
f Proven
Public Utility
1.
bends
Biker, Yeung & Company
JOSEPH W. 6WAIH, Jr., Maatgtr
Land Title Uuiiding
i
ten Philadelphia
l
fiV
M
11
Bends for Invester
Reed A. Morgan & Ce,
Mrmberi if thi PIiIIh. Hlecli lliili.
West BliI Tit ItUla.. I'hiln.
EZ&.
vari:
k.
fcW.J
M
tOCkwell ' CERTIFIED FUtUC
WW:
MARKET DISPLAYED
MORE
RESISTANCE
400
COO
tee
300
540J
MOO
soe
200
SOO
300
300
tee
12700
500
1200
200
200
COO
800
200
600
200
3300
100
200
1000
1600
1100
2300
tee
2000
100
E00
2200
1500
100
1200
600
200
100
4400
300
100
2100
1300
100
1100
300
100
we
100
SOO
200
100
24300
200
4500
1200
Selling Waves and Short Cover Cever
ing Kept Price Movement
Highly Unsettled
Xrw Yerk, Xev. 1.1. While remain.
ItiK In u hlislil.v unruled mill nervous
condition, today', pteek market put up
much better resistance t buth lltildn lltildn
lien iireiure iiinl iMiiicerfed drives of
t ti lirofc-elonitl bearish trader. This
i uiis iiltegetner renkeiiuuie, net. eniy w
cmicc of the ceverp shaueiiewn teeitri
t values Mistnlned lnt week, but mere
s.'u beenuse the further declines regis
tentl this morning carried the level of
the reprc-rntiithe nhares te mid below
the low-water mark of September and
October.
Ne mutter whnt may be the real me.
'tle for the pronounced rever-jil in the
'market, eery sensible thinking peren
! rtn1Iv.,a titlrs i'im!nr continue te de
lellne without intenuptleiis of technical!
I rallies any mere than they can go up ,
i without healthy checks of technical re- j
' actions.
It eu-r b- been the custom of Wall
Street lifter the market has token a
I pronounced swiiis in either direction
! m start and get busy tr.vliiR te tllid
Mjme suitable explanation for th stid-
I den change In the temper of sentiment.
Much of the ever-the-end llteratuie this
' morning, therefore, was deieted te
pri'senting n varied nstertment of ex
cuses and reasons for the cellupe of the
Mwiilntlw structure. Seme lilaimd It
en tin- reiiinrkituie change mane in tne
piditical ui.ip ln-t Tucday: ethers)
......i ..riiliiiiii.lii 1,, flu. itnn'iki furplctl '
J situntleti. cspecinll eeneernlnif the
jj .Near Ka't tm.ddl.'. and -till ethers t"
tin- threat, or radical legislation ny uie
new ('(iiigiess. I
All i if this loekwl J'ied in print. "t '
wn . HMir comfort te theie left high and ,
.1... ...i tl..t ..I, .., fli.t W. all, I , ll 111 i
- ". ." "' , ' . " l ' '",.;,. ii .r.i
uuiiiii entnuMiiMn. i uueuuicun m-
iKflier truth would hae ben dicev-'
invd in the conditions within th- n.ai' .
ket itself. Ne doubt, the nmtiMitiiiK i
lutluunce of the huUeilewn siiu'e elec-
tien day had for its lui-ls the well- i
known fact the long iicunt ".a3 -iii-eusly
eer-extiMidetl. Seei'iidl, hrek-
i i'm' lieriuwlni;s had ie.ti.hed a ver higli
dgute. neceissitutlng ii iiatk adiust-
.iui.nl of the le.in account.
As would leasenably ! eeeted,
the tremenil'iii" lliuidatlen which hnk
1iiesi en Saturday and plnyid no favor
Ills brought In n heavj volume of sell-
' ink' order at the opening, which, coii ceii
pb'il with thr aggressive attack launched
bj the bear leutingeut, forced reccbflent
'in the early dealinss from I te ;i points.
i The railroads and oils appearing the
most ulneriible. There wat also fur
ther peel liquidation which uncovered
nut .I'fetis stop-Jess orders. The sell
ins pressure for :i time a offset by
short ceering and supi'erting orders
t" stubilire the market while the llqul- ,
1I..11011 was in progress.
Indiciitiens that slecks wen; bingl
mre liberally supplied en nil ra'iies I
encouraged mere nggrcMive short sell-
!nc after the eaily recovery had run it--'
1 nurse. I'nitfil States Stisjl suggeil te
, Ht4s... ltablwin te K'4't, Studebakerl
e l-l'-'s. American Can te 7.'2 and
, Mui.il.ird ii of New Jersey te 10- l ;. ,
'in-tructlve fai'teri, ueh 'is the lewei j
1 letiewal rite for chll money nnil th'(
i'i!i!iii-fic tutte of weekh business re-
I views tailed te stem the volume of sell
ing, orders .Meiitiit.ii Power, which
bnd." 4 points, ami I'ameus Players,
HIHIIIHIIIIIimillllllllllllllB,UnU,liiKTrn tKciInd
SMierieu 01 reaction. Tew.iul middnv
Si further short ceverins set in and the
:: h-t started t" mevi- up ngn'ii in iv
5 sinf i" better buying suiiert for
S 1 nitisl States steel, lti.Uiv, in find
, M HiPiuiker.
15 1
I Commodity Markets
GRAIN MARKET
5 Chicago. Nev. l.'i, Wheal iluef
3 leek nil upward swing here today during,
5 th" airly dealings because of hlgleri
S (iiietatinns in Liverpool and sirenjth in
3 the Winnipeg market en Stiturdtij. if-
fn.tiss were nut large at the start and
snorts covered Hither freely. The up-
S turn, hewfvr, was seen checked when
jS cuiiiti issi.ei heiisfi with Kaxtern i-en-
S net tl'im, became fair sellers of lie. em-
S her and Mit.v, which brought aluut n
react mn. Mti'liueut v .1.- bernevhat
iriiN.d.
S After htirtii.g t4c te 1'mc higher.
f mT jm a w with recfinei Sl.ltJ m 1.1;i, and Mar
J5 NdtlOtial Kailk S1 ' J.1"-. the market un-lerwem
liailVIiai UOlin S a slight geneinl decline.
is Opposite Bread Street Station Cern and eats wern in sjinpathr with
tS S wheat, but sentiment in corn was in-
5 cllried te be femewhat lxat isli umeng
a numeer 01 trauert nere anl in mar
ker appeared te be under considerable
presure After opening 'ic te sc te
jc te Rihc up, with Uecember llSf'Sc
te fiR'ie, th corn innrtet suffen'd a
setback en nil delerii".
tlatK started tvl. te ',c higher, Dc
cetnber i'2c te .2'..i and later under
went a decline all are'iu.,
Hil.ving 01 Mnv Jr.j, 1 -eilited te n
New erk house, vm -1 sj,.,nsilj!n t,,r
a strong tone in iiwvii ns.
1 urn ant t
I T,R
fl'S ' 1''
'','t ll'l'
I r m.
11.
1. 11.
V"
US',
1 ir.i.
1 14'.
1 01 ,
1 ie'.
1 05 . r3 1.00
1 IV,
t IS
1 "5'4
4S 'J
42'.
tfl't
i 'IT
S4-,
PJ 47
COTTON MARKET
New Yerk, Ner, 13. Reactionary
sMitiiin-nt In fotteti made turthe.- preg,
ns.s thW morning, ami first prices w,re
1- te - point- net lower. Sump bro.
kers regarded the foreign political eut-1,-irilr
nn less favorable and tber.. wns
1 considerable pressure fem Wull Stut, '
ceiumisslun cenrerns and Liverpool.
Quotations after the start continued
te work off, and at the tnd of the nrst
lUteen minutes were about ilS points
under Saturday' dose. Japanee in
teresM. the trad and New Orleans
were the chief buyers.
Opn
ii no
SS.Tu
I'A.KII
21 (A
S4.4S
Dcmlir . . . ,
irurr
Miirch ......
, M.-U'
.Jjjy if
' Auifiirt
I'll. US
JH 01
i'B.HT
NEW YORK COFFEE MARKET
- VjhJ. Va 1fl X.ll I... .!.
.1PW IVIHi ,. . 1 iiiiuhiui inn
receiDt of disappointing cables from
itraril, the local market for ceffee fu-
j's'
tiirei open v iu ! jiuuiih lower mis
morning, with tem trade buying en a
caie aewn.
frev rum
1 l)-riinUr UM4J0J
Mutch Til SH
(I 2282a
Ii 11S US
Mm- tuswie
July snilib'J
M St
HN'trmtwr S.jruCJ
SUB
t irlf.
Llvtrpoel Cotten
UranxMl, Nev, 18. Spot toiten w
qulet te4y with prlcn tuiy en th balf
ur r. derltnr nt 31 point for mlildllnc fct
li,S4i1. lh ! iters 10.COO ll-. Tha
r.r-atnli w.ru l'J.OUO baliK. of which Id,
Cloi
Sft.Ssf HO
an.TTWie
SB B1QBQ
SS.16
ACCOUNTANTS
7ii0 bales wr American. Puturfa r
Irrtaular In th early da)lna. Upet prices
'iddY
American, mlddllnc fair, M44i
r. li.lia. sd ordinary. 13.MiL
miaiuuwi
erdlaair,
J
NEW YORK STOCK EXCHANGE TRANSACTIONS
Onfy Aftmn,Rtprt fa Pkttmiibhlm Qmin Fad! U '
Dlv.
! In $
200 ..
S00 ..
Jttl
Net
STOCK Utah
Lew
76
1415
59 !S
13K
H
1!
70
40
31 !4
36
79
34 H
73
110
70!i
180
16
41 Hi
68
106
30
IMS
33 M
55
122V4
47 x
115
7
20
54
42
10514
72 !i
109
3i j;
122
1494
lOCVi
146 7
29
49
89
95
16
31
48
62 Ik
112
101
92H
Us
115
24
28
85U
124).
1161k
47
39 li
20',
40
66
93
G6
0
29
I17l
16
14
1184
101 '
129
431,
97 's
7
30
18
0
82
501,
8
142
p. m. cut.
. Adams Exprt.... 76 it
. Advance Itumely.. 14J.4
4 Air Reduction 59 1
. AJex ltubtxr 13U
. AlaJka Geld Mines H
. Alaska Juneau O M Mi
4 Allied Chem A Dye.. 7214
4 Allls-Chalmer 41 (i
. Am Arlj Chem... 31 H
. Am Ueet Sugar... 37
Am Ueet Suirar pf., 79
. Am Heseli Magneto.: 35
4 Am B Sh I-My new. 73
7 Am B Sh p of new. 110
76H- H
14U- i
B9U- 4
13(4- U
"..
114- V4
72- !i
41 - U
31 H-
3 - 114
79 1
34 J4- W
73 -- 154
110 - 1
71 H
180 - U
19
41!i 14
68
106)4 - IU
30 - H
11 - 14
33J4- 2tt
55- 1
123- 5
4714- Vk
115-b 1H
7-l-
21 - H
Am Can 72(4
Am Car & Pdy 180
tJ
. . Am Cotten Oil.... 191
.. Am Cotten Oil pf.., 41 Hs
. . Am Hide & Uath pf 68
7 Am Ice 107
.. Am Intcrnat Cerp. 30'zi
t Am 1.0, France Eng 1 1 !S
. . Am I.Iniiecd 34
. Am Unseed pf.... D5W
fl Am X.oe.emotlve....123?4
.1 Am Metals 47 Ja
Am Itadlater 115
'. Am Safety Raier..i 7Ji
. Am Ship & Cem... 21 U
. . Am Hrnelt 85 (4
.1 Am Steel Peundrle-j 43M
T Am Steel Fdja pf.l05'i
.. Am Sugar Jlcf.... 73 Ji
T Am Sugar Itcf pf. 108
Am Sumatra 33
! Am Tel f- Tel I22U
1'.' Am Tobacco., 150J4
! Am Tobacco t,t new 1 06 ti
55 -
4214-105),-
72J4
108 -
31
122 -149-106J4
148 -
29 -I-
14
!k
1
1
1
n
'il4
1J
Am Tobacco B....148J
. Am Waterworks... 29
. Am Watrwks pf 49
7 Am Watrwka ", pf 89
7 Am Woolen 96
. Am Zinc Ld & Smelt 18
. Am Kine Ld & S pf SI
. Anaconda Copper.. 4914
4 Anne Dry Cloeds.. 63
fi Ame Oil 112
1; Atch Tep & San Fel02i
." Atch Tep g. S T pf 93
Allan Bit- A Atlantic 2U
7 Atlantic const l,iue115
Atkintlc Prult 2
Atl Gulf & W I S S 24 '
. Austin Nichols .... 29
7 Austin Nichols pf . . 85i
7 Baldwin Locomotive 1 20 "H
7 Baldwin Loce pf. ..116JJ
Baltimore A Ohie... 49
. Bamsdall Class A. 30 U
. Barnsdall riasu B. 204
. natoellaa Min 9
49 - 1
89
95
1
?
114
16-
51 -48-63-112-102
-
92 ii
2 1
2
115 -2
-24
-
28 -
35 -
125ti
HCJi -
47-
29-
20JJ-
41 :
67)2-
96 -
67-
6-
29 -117)4-
16
14
1104
101-r
130 i-
44 Ii -r
97U-
1
Ilk
100
300
300 Se Beechnut racking.. 41
300 u Bethlehem Steel ... 67 !i
2
'
74
v
200
107C0
100
000
200
400
200
100
100
DOO
2500
100
1200
1400
100
200
tee
1200
100
1700
1300
300
400
280O
2C0
1300
2iO0
2:0 1
C0
100
400
cee
2300
ES00
1900
1C0
7JC0
200
100
100
16303
1C00
100
100
3900
100
ieoe
100
100
200
00
4200
3000
2700
0300
6700
6200
4100
100
2 tOO
2100
3400
idd
800
100
1600
2100
100
200
4000
100
1700
4400
2200
2100
74C0
200
100
100
900
4600
CC0
23400
1700
400
200
1020O
700
200
300
100
300
1800
B00
1400
100
200
1900
800
100
400
300
2500
1100
4'JOO
. . Beth Steel pf new.. 96
5 Beth Steel H 60S
. . Beeth Fisheries 6
. . Brit Km Steel :d pf 29
s Brooklyn Kdlsen ..117!
. Uklyn Ilapld Transit 16
. Uklyn It T ctfs 14
Ji Bklyn Union Oas. . . 1 1 8 J-s
7 Burns Bres pf 101
10 Burnn Bren A . . . . 1 30
2 Burns Bres B... . 44'
7 Bush Term Bid pf. 97 Js
. Buttn Cep & Zinc, fi'i
.. Itutte & Sup Cep.. 30
.. Butterlck Ce 18
. Parlde Cen O & V.. . 8
6 C.vlfernta Paclttag. 82 u
.. California Tetrel .. 51
. . Cal Zinc and Lead. 8
2 i
!4
7
30 :
18-
8
82 -50-
8
143 -35)4
73)4
220 -
39
40 -59.!-
14
2!4
"
"
5
10 Canadian Pacific ..143''
s
.. iVntrnl leather . .
. . Cen Leather pf . .
S Central of N J..
.. Cerro-de-Paaco. . .
. i"ert.iln-teed Pred
i Chanoler Meters .
I Chvatieake ft Ohie
36
73
220
39
40
59
72 U
35 i
73 U
220
36
40
59
71
103T,
2',
32'2
12
26 1 j
391J
65
79
35
88
96
81
26
24
6-J
100
75
23
107
2
11
4"?li
36
134
11 is
94
124
47
73'i
19
97 'y
10'j
i3
23
137";
110
41
lel
85 U
52
18
85
1r!
i as.
14
68
9
II
1 45 J-j
1?
Iflti.
70
44
75 'j
78
175
14
62
97i,
IH2
38
96
5
30
79 !k
24
9
87
34
25
9
4314
80 VJ
1
8
79
21
21
41t
110
17 j
33 V,
' 1
31 H
23
103J4
11814
13
31
V
84
23 74
14
40
J
20 i
33
21-i
43
102
4014
32
4
79 ii
71-
103 -
2
32-
4
12 -26
-40
-85
-79-36
-89
4
96)4 4
81 -27
24 -64
4
100 -
77 28-
I07',i-
2-
11 -
'z Chesapeake & Oh pfl04
. Chicago & Alten... 3
. . OH i i: 111 32Ve
. Chicago 4c Or Went 4
. i'hl Or West pf.. 12Ji
. ill! Mil & St P.. . 27 li
. . Chi M & St P pf . . . 4Ui
C Chi & Northwestern 03 1J
Chicago Pneu Teel.. 79!
. . Chi P. 1 & Pae... . 36
6 Ch! P. I & Pc 6r; pf 89
7 (.hi U I & Pc 7,-i Pf 96 i
5 Chi St P M & U... 81
. Chile Copper 27 U
1
. . i nui 1 v. upper : '
, 1 luett-Pcabedy . .
7 I'luitt-Peabedy Pf ,
4 1 'oca-Cela
. . Cel fuel k Iren.
6 Celum ij.vh A. Line
. 1)4
.100
, 77
. 28 J.
108-,
. , feiiim Or.iphop'.iene
2't
.. iel ijr.'iphophen pf 11
1 dim Selv.nt A . . 48 1 i
. . i unsnl i l.ir ... 36
8 i eiiHi.idatcil n.i .,135'a
.. Cunel TeMlle") ... IIJj
. continental Can ... 95
1 Cern PreduclH Ilef.126
4 i"eilni & Ce 43'i
.. Crucible btcel ... 74'2
.. Cuban Am Sugar... 20',
7 Ctib'i Am Sugar pf. 97' 3
. Cuba Cane H'lifur.. 12
. Cuba Cane Sug.u pf 35
Davisen chemical . 28' i
' tsfUware & Iludsena
a Del Lack Wen.. 133' 4
i Detroit IMIheii 110
J Deme Mines ... 42H
i ru Pent (K. I.) ci.1fi4
6 Du Pent S' deb pf 86
5 Keatman Kodak ... 8',
3 F.lee Storage- Bat.. O.J
.. Klk. Hern Ceal.... 18
ft Lndlcott-Jehnaon ..06
.. Ilrle, 124
.. Krla lat pf 18'a
.. i:rle 2d pf 14 is
k Famous Players U. 92
S Famous Players pf. 27
. ld Min & hiiwlt.. It
in Fisher Bedy 14!)
.. Flsk llubher .. . . 12't
.. Frcepert Texas ... 20'.
.1 len Am Tank .. 71
.. Ocncral Asphalt . 45 'j
5 rjeneral Asphalt pf. 79
S (General Clg.ir . . 7H
S ln Ele'.trle . ...175
.. (Jencral Mote-i ... M'i
(ten Motert" deb 0"i 8
7 Ien Meters deb 7 , 97 '?
. . Qltdden Ce 1 1 ' j
.. aimb-il Bres '19
7 Glmbel Bren pf 96
.. re'.dwyn Pictures . 6
.. Uoedrl.'h B F .. .31
7 Goedrich II F pf... 81 '4
,. Oranby Mining .. .k24
.. Gray & Davis "5
7 re;it Northern pf. WH
4 Ort North Or.) ctfs 34'a
,, jrcen Can Copper 25
,. (lusvntanaine Sugar., 10
.. (Julf Moblle & N pf 44!-,
.. riulr States Steel. 83
,. Httblisba-v ElBCtrie 1
., Housten Oil 71
3 HonvHUke Mining. 791.
3 Hudsen Moter Car. 21 Jj
1 Hupp Moter Car... 21 H
.. Hdraulle Steel .... 4js
7 Illine'a Central ... 110
,, lndlahema lVf .... 17 'i
., Inspiration Cen Cep 34 !
48)4
36
--
135 !
11
95-
126 I
43 -
74)4 4
19
97 J6
11 - 1
34)4-
26--
129 -
133- 1
110 -2
41 H-
1 83
as
85
53 -18
86 H'f
12
-97
II -145)4
1
1
12 -
19-
70JJ
45',-
75-
78 -
175 -
14 -
84 4.
tivt -r
-
96 l-574-
30
79-
24 -
9 -
87 '4
34 -25
9-43)4-82
1-
1
i
21 -?.l
-
4)4
100
1800
100
100
100
200
BOO
600
900
Inter con ueii...s ?
Inter Cen Cerp pf.. 1
1
31 K-
23 -
nn "i- mtarnat Cement .. Jis
2100 Ii Inter Cem Lng 24
1000
100
100
0400
1500
3700
100
1200
100
1900
COO
10O
600
1200
100
2000
2500
7500
200
0 ini flre"ir iw,ivij
7 Int Harvest new pfl16'j
, Inter Mer Marine... 13
t Inter Mar Marina f 17. Vt
, Inter Nickel 14
. international Paper 55 V
. Jnttr Ilapld 23J'e
. Invincible Oil Cerp. 15
, , Iren Products .... 40
,. island oil H
, . Kim City Southern. 20ft
4 Kan City He pf.... 53 Is
,. Kansas ic iulf , 2!-i
, . Itayser & Ce new.. 43
8 Knyser & Ce new pt102
., Kelly-HprlngfleM .. 41
, , Kennecett Copper . 33
, , Koyatene T & R. .. 6H
,, Lackawanna Steel , 79
H8r4
13
52 -
14
84)4-
23-
13
40 -
K
20 -
53)4
2
j -
102 -40-32-
- 14
40-
3 -
79-
Raw Sugar Active and Steady
jiew Yerk. Nev 18.1h mw ruer mar
ket U fairly active atvl eteady with C'ubas
for November and tJKerrtwr iMinnt Quoted
at 8"e. ni1 Teiaht. Halca en Friday.
Tiiat reported, Inelude 1000 tens nevv-rrep
Cttbee J(or rabruanr shipment at l-if
ceetand freight, te tbe Warner Buftr luae
ln rmptm', ll,"i Ur Caie prompt
for ekdlng Nevtmber ie ,unlinrnl; oein-1
Yerk te th, American Biwar HfinlnJ -ii
pany, 8c, met ana ireiauv ,'sSIa at noe
raw. en Vrlday and Wtrday Included OT.noe
bae-i Uuhae te tha Werner "war "'"
L;uiae te
uempi
ny, a,e
&y
I
tatea ink
T(VK ltlth
Lew
3214
64)4
200
2 1.0
86
18
12
104
162
133
33
. 31)4
30
43
54
46
37
8
23
68
31 H
27 J4
40
48
14
161
16
219
'!?
26
11
30
8
67
16
17
SO
69
21
147i
10
247
124
1
63
100
6
3
14
80
32
48
94
84
28
117
94
26)4
82
2
19
9
51
36
1
80
46
86
85
5
1WO
Lab tT.rla 1. Wnat.. 3U
33
84
4100 8 Lehlgh Valley 65
200 12 Liggett A Myers. . . 200 J4
100 13 Liggett A Myers B.200
1525 " L,nia Locomotive . 37
2000 .. Loews Ine 19
1800 l Left candy ...... .t 12
100 7 Loeao Wiles 1st pf. 104
100 12 Lerlllard (Pierre).. 162
200 7 Leulivllle ft Nash. .134
!22 MlkcU- Truck 84)4
100 7 Mack Truck 1st pf. 9i!4
200
200
37
19
1274-
104
162
133
84 -
9274-3174-
. pev , , Martnn. Conuer ... 32
1300 .. Molllnsen Ce
100 .. Manatl Sugar
100 4 Manhattan Kl Hupp.
iOQ . . Manhat Kiev ctf. . .
30
,.
43 - !4
54-2
46 1-
57' i- !4
8
23-2
68 - T4
3274 14
2774- 2)4
48 - I
48 -
14 -
162 4- 54
16- 1)4
219
18-
17 - !S
26 -
11-
30-
6 ..
67 !4
16 -
17- Ji
51
69-- 2
2174
14-
10 ..
247 - 3
124 - 1
1 ..
63- 1
1025i- 1
.6-f
3
14 - Ji
80 - 1 !
3254"
48 -- 1
95--
84 - 1
26 -
117)4-
94 -
26)4 ..
B2 'j
2)4 ..'
19 - 2
9
31 - a
36- 1
1 -
81 54- !i
46 4
87 - !a
54
46
300 2 Mnntmt Shirt 57
1000 .. Market St Kwy.... 8i
100 .. Mar Ht Itwy 2d pf.. 23
300 e Mar St Hwy pr pf.. 68
1600 4 Marland Oil 32)4
200 2 Martin Parry Cerp. 27)4
600 .. Math Alliall 48)4
1000 . . Max Meters Class -V 48
800 . . Max Meters Class It 14)4
400 ft May Dept Stores, .. 162
2800 I Mclntyre Mining .. 17
1300 12 Mex Petroleum 220
1800 A Mex Seaboard 1874
200 c Mex Seaboard Olt ct 17
100 3 Miami Copper 26
52001,20 Middle States Cerp. 12
4800
Mlrlvaln Steel 31
100
100
900
2300
3000
100
1800
200
2600
400
100
400
1300
1100
100
200
700
200
200
100
6700
200
6400
1200
3100
tee
2400
1900
2900
700
100
COO
100
1800
11200
8100
14200
100
4200
900
400
3800
100
100
200
1100
200O
300
1100
800
500
.. Milt A St Leuis... , 6
4 M St P & S ST M.. 67
.. Me Kan&Tet (wl). 16
.. Missouri Pucltle ...i 18);
.. Me Pacific pf 51
3 Mentana Power .. 69
.. Montgomery TVarl. 21
1 Moen Moter Car... 14)4
Mether Lede Mining 10;i
7 Nat Blwult 250
7 Nat Biscuit pf 124
.. Nat Cen & Cable... 1
Nat Kn & Stump... 64
t! National Lead 102)4
.. Natn It of M lstpf 6
.. Nat P. It of M lid pf 3
.. Nev Cen Copper.... 14
6 N O Tex Hi Mex... 80
.. NY Air Brake 32
.. NY Air BrulJO A.. 48
5 N Y Central 9574
6 N Y C & ?t l.euts.. 84
.. New Yerk N H & II 26
7 Norfolk A: Western. 117
5 North American ... 93
.. North American rU 26)4
6 North Pacific 82)4
.. Okla Pred Kef... 2)4
.. Orpheum Circuit .. 21
.. Otis Steel 9
.. Otis Steel pf 51
J Owens Het Much. ... 37
.. Pacific Devet Cerp. 1
5 Pne Oas & Lice 82
3 Pacific Oil 47
8 Pan Atner Petrel... 8755
8 Pan Atner B 86
.. Panhandle 5
3 Pennsylvania H ft.. 47)4
.. Penn Seaboard Steel 4
M
i
85
5 I
47
4
90 Ii
31
68
40
42)4
43
3
43
42
87
36
18
108
82
100
41
44
95),
105
125)4
42)4
28
47
4
92j
C Peeples Cm Chicago 91
. Pere Morquetie ... ec;'4
5 Pere Mnrn pf 68
3 Philadelphia Ce ... 40
3 Phlla Ce "e pf.... 42)4
2 Phillips' Pel 44)4
. Pierce Oil 5
. Pierce "U pf 43JS,.
4 Piggly WlKBly Stere 43
. Pitts Ceal 8774
, . Pltu W Va 36
3Z -68
-40-42-43-
5 JS
43 W
18-1037i-
100 It. Pend Creek Ceal... 18
1200 5 Pestum Ceieul ....10874
300 .. Pressed Steel Cae. . 82(4
100 7 Pressed Steel Car pf1007i
5300 .. Produceni & Ucf... 42)4
100 3 Preducets. Hef pf, 44
2
1 '
8ZJ4
10074
41)4
44
00 tj Pub F.r Cor cf x J Mj
00 8 Pub Set' of N J Pf 105)4
95-
103 -1
2C i-
43
28 t
112-
13Ji-
79
50-
50 1 3
36 -
3600
800
3900
300
13U0
7800
900
400
600
200
200
500
1200
200
100
8 Ptlllman Ce 127
. Punta Allegre Sugar 43
2 Pure Oil 29
8 Hallway Steel Spg..113
, . liny Cen Copper... 13
4 Heading 79
'.' Readmit lit Pf 50!4
2 Heading 2d pt 50 15
. Itemlngten Typew. . 37
, . Item Typiw 1st pf.102
, . Hem Typew 2d pf . . 80
. . Jleplogle StNl 26
. . Hepub Iren 4s Steel. 47)4
7 Hillwny Steel SpKPf 82
. . Henelds Spring. . 13
P. Reynolds Teb B 57
!a
!4
tit
112
13
78
30
50 74
36)4
lOO.'S
79
26 14
47
82
13
56
52
18
!4
32
54
17
4
6
8
82
35
94
31
99
9'i
42';
40
90
23)4
52
117
198
118
78
59
36
50
121
116
7
4
2
8
47
61
25
20)4
18
31
51)4
79
32)4
13
58
16)4
143
36
78
151
13
74
27
6
60
86
50
96
46
104(4
120Ja
61
33
65)4
23
16
83
13
9
27
17
m
112
13
23
16
59
210
98
98
8
16
48
3
9
3
40
36
198
32
86
102
3000
2300 4.1S Hoval Dutch N Y... 53
1000 1 St Jeseph Lead 18
1
1
700
. st l,eula Sap Fran. 24 ;2
. St Leuis Southwest. 32
. St L Seuth wist pf.. 54
. Savage Arms 17
. Saxen Moter 4
, Seaboard Air Lin. c
. Scab Air Line pf . . . 9
. Sears-Heebuuk .... 84
1100
600
400
400
600
700
114
17
74
1)4
1
'.4
2400
20015S Shell Transport .. 35U
100 fi Shell t'nien Oil pf . . 94
14500
400
2400
400
200
3100
3200
3300
4100
8500
100
100
200
400
400
21 90O
100
900
COO
400
300
8600
2100
1400
3400
400
3100
1600
1400
300
2600
1 0
700
3400
100
100
200
100
7200
300
700
0700
600
2100
100
J Sinclair Censul ... ''
8 Sinclair Cen pf. .. 99
.. Skelly Oil 9!-i
. Sless-Shef field .. 42 J i
. . Se Perte Hicc Kug.ir 40
ti Southern Pacltle . .1 91
.. Southern Hall . .. 23 7i
h Southern Hall Pf. .. 63
4 Standard Ol! t Call 19
fi Standard Oil e N .1201
7 Stand OH of N J pflia
7 Steel Tube pf 79
3 Sterling Products .. 59
4 Stewart Warner Spd. 30
4 Stromberg Carb ... 50)4
10 Studebaker 124
7 Studebaker pf 116
. . Sub Beat Cerp .... 7
.. Superior Oil 4
. . Sweets Ce ff Ainer. 2
.. Tenfi Cep & Chem.. 9
n Texas Ce 47
4 TexaH Uulf Sulphur. 62
. . Texas fc Pacific . 25
1 Tex Pat: c fc O.. 21
.. Third Ave 18
3 Tlmken Hull Br.... 32
,. Tobacco Products . 52
7 Tobacco Pred A .. 80)4
" Transitu Wma Sttel 33
,. Transcontinental Oil 13
2 Twin city H T 58
.. Union Oil 15
10 Union Pacific 1 43
2 United Alley Steel , 36
.. United Drug 78
8 United Fruit .. 15174
.. United Hwy Invcs.. 13
.. United Retail Stores 76 74
..lisni'i Fdy.. 27 ?t
. U S Feed Product 6
.. V S Ind Alcohol.... 62 74
.. U H Realty S. Imp.. 86
. , U S Rubber 51
HUH Rubber 1st pf.. 96
1
1
1
1
,
a '
..
2 '
4'4 j
J-, '
2 ,
!4 '
1 11 1
'i
'i i
2)4
! ,
i
114
1 00 3 U H Snltlt n A M !'' 46
Ii: ' it u kii .. . iffiK.
62800
S U 8 Steel
I O '4
121
61
36
65
26
18
83
14
9
28
'l
1
4
1200
3200
5400
200
700
300
200
1200
1300
2100
100
900
100
2100
300
1500
400
500
200
700
700
1200
COO
10
200
500
200
900
1100
100
100
7 U B Steel pf
2 Utah fepjier
,. Vanadium Cerp ,
.. Van iUalte
. , Va-Car chemlcl
,. Va-Car Chem II.,
C Va Iren C & c pf
., Vlvadeu Ine . ..
.. Wabash
..
W
1
....,
.. Wabash pf A
Wabash lit H.,
17H
1 Weber & Hellbrener 1 1 !4
7 WeBternKiectpt... 114?
,, Western Maryland. 13
,, W Maryland !d pf.. 23
.. Western Pacific ... 17
6 Western Pacltle pt. 59
14
..
1
M
..
..
..
7 Western union Tei.4is
4 Westlngheuae A 11, 98
1 Westing K A M.
8914
,, Wheeling A L 15.
9
Wheeling A L K Pf. 17
4 White Moter 48
,, White Oil Cerp..., 514
,, Wlckwlre Spent) Stl. 9
., Willys Overland ... 3J4
y
,, Wlllya overland pt. 40
-Wilsen & Ce 38
g Woolworth F W...210
, . Werth Pump AM.. 32
7 Werth Pump A.... 86
1 )4
Mi
chented vvltn Hat vrli.ee ranslne
par ceni or rann.
for . leailng Nevtniber 1 te 2J Atn. I -- ..... ..
THK OM.Y ROTOflRAVCRK NKCTtON
PrlntA tn nlaaalna' tcnea uf aeela. by
frlntrd in pleaalna, tcnea
rotogravure preeees, with pictures
evente, persenaies or Places
ma !jvk.-i-r, r...-. !.--"-n:.- .. .i. .1
taga cunee w w IKSKa KMIV't " "tlt.CKKCi-,
laSWM 'fBJKWXfi
,f
Ail'
vni iieTbIw inHni
All IF' I bTiI lllfcl lllllll
OUT AMONG LOCALS
ilB Net
.. Chia.
r- 54
- f - H
- 5
-IS
American Stores Qhewtd Less
of Twlv Points Frem
Last Week's High
: 11
- 3
- 2
Ker the first time since the backward
movement started In Wew Yerk the !e
cel market today developed very posi
tive reactionary tendency. There were
unmistakable signs of liquidation pres
sure In different quartres, which, how
ever, tlld net reach very serious propor
tions. It evidently was forced by rea
son of impaired speculate accounts en
the big beard rather than because of any
unfavorable local Influences.
Nevertheless n number of weak spots
cropped out, especially among these
steckc. which recently were pushed for fer
wurd and upward by speculative ele
ments. One of the morn vulnerable
slecks te liquidating pressure was gen
eral Asphalt. This, however, was mainly
supplementary te the further depre
ciation of these shares en the Big
Beard. The real reason for which has
tint hi vet been disclosed. There are
reasons, however, for lielteving that
much of the wenknew could be traceable
tn llit Impaired position of the peel
members who had been bolstering the
mi nek en the same pattern, but net se
successfully, as the combination who
pushed these Blocks skyward several
years age.
American Stores was about tun
weakest sifter of the purely local
group and en relatively small offer
ings dropped ever 4 points te lfi?.,
i.r 12 points under the ten prlce made
just about a week age, wnen tne ranK
and file after a 10-pelnt rise In two
days believed this specialty was sched
uled te sear te new peHk prices.
Speculative liquidation was also dis
cernible In Lake Superior, causing this
tock te drop te 0. equal te the low
price of the ear. Lewer prices, how
ever, were the. order of the day most
nil through the list. American Hall
ways yielded n point, Pennsylvania
llnilrend wan nearly a dollar lower nt
17, makln? a net decline of 8 points
since the restoration of the 0 per cent
dividend. Lehigh Valley ran off 2'
peintx. Klectric Storage Battery 2',,
Yerk ItuilweyK a point, P. It. T. i,
Union Tiacllen 7' anil Lehigh NHVljrn NHVljrn
tien h';. American fins und Lit Broth Breth
ers were among the few exceptions, each
scoring Jin advance of a point.
- 1
-
..
2
Philadelphia Stocks
?4
1:1.-.
Hlsh Lew P. M.
d ml ..... .1 1 .,.'' I, IT.' .....
Net
CUE
i.iuiaiiiim 'iiei iii'm 'H'vs 'r
"ti0 Am Has. . 70
75
70 1
Mi
HW Am Hwjs. H!2
11
11! 1
lfU Am 8trs..lM l'i'i'A 154 .'I
3)t Anaconda 48 -H
'3-, x;i
45 1
aeu 8
S5 Hi
riajtai
12 m
44'i ik
idt' i
1
IU) Brill .1 J. 45 45
'JOtCh Blil 30 Vi 30 i
lOOtCentCan. !i IKJ
4st Klec Ster. T.I'Th 52i
T.ltKrle .... 12 12
1
4- ':
- ',4
- 1
120cn A"ph. 45T; 44Ti
!ii)i unKe !up. ';j
145 Leh Nn v.. 75
eOLeh Val.. 115a;
25 Lit Bres.. 311
HOT 1'enna It It 47i
131'ennuSelt K5
MHl'hlla Klec 31 U
210 de nref.. 31 I
u
l-.4-
741-
nt;
U
1
..,
05
32
47
S'l
05' 2Vj
32 -HI
47 '4- r
Se . .
31' i..
31 i ifc
3jHi
07 K
41 T5
1
1
'l
31 j
JIS1 Phlla U T :l'i 338
HHI I'lilla 'I'rac tit HT
20 rnlenTruc 41
210 U t I . . . . fil "if,
211 de pre)'.. 55'a
15 Win Cramp
Jc Sens. 50
50 Yerk Itwy 30
41
5i 'i;
55 .j 55 ',. .
-v- 1
79
26)4 -47
'j -82
-13
-57
53
184
24 -
32
50
30
5ft . .
30 1
tNet clmtiKn mid" bv cemparln.n with lsit
cle en New Yerk KtecW Kxchatiic.
rniLi)Ki.i'ni iteMis
500 Klectric & Pre Tr 4h... 70
1000 Lehigh Val cons 4'.-s '23 Uli'-i
lOOPblla Kit-Ctrl.- 1st 5h.... 100
5(HH'hilu Klectric 1st 5s Kiii:.
2000 Phlla Klectric 1st 5s. . . . mC
10000 Phlla Klectric 5'is. .lets 100'
1000 Heading Imp Is !i(i
FOREIGN EXCHANGE
34 -
- 1
64!i ::
8- a
B3 - a
35)4- J
94-- )
32 -. I
99
9(4
42 U I
40 i
91
23-
02 )i 1
118 1
200
118 - )
79 - J
5' x. '
New lerlt, Nev, 1,1, On resumption
of business in the market for foreign
exchange, today the weak features in
contrast te almost general advance in
the ethers were drops iu Trench and
Helglau excnanges. trams opened 71 j
points under last week's tintils. iinii
Belgians lest 10'i. Swiss declined n
point. On the ether hand, sterling
gained , murks 1-10 and lire rose te
a new high en thi movement and gained
8 points net. Danish and Hutch were
5 points higher. Pectus and Norway
were up ii, and Hwedish gained 3. Lire
are new 63 points above the low rec
ord of 3.83 en October 20.
Opening transaction weie: Sterling
cables 4.461A, demand 1.40 ; franc
cables 0.30V,', cheeks O.a&Si ; Belgian
cables 5.00, checks .-..811.; lire en
bles 4.50Vj, checks 1,50; Swiss cables
18.30, checks 1H.27:penta cables 15.21.
cheeka 15.10; Uanlih cables 20,20,
checks 20.15; Neiwiiy cables 1S.52.
checks 18.47; Swedish cables 20.H0,
checks 20. SI : guilder i abhw :m ."'.
56 - Ji
50)4-
124 - 2
116
7 "4
4-- 54
2 -
87, , n
47 .
62 f !i
2"i 11
-18 - .."
31 - )4
51 4
80 - j. 4
32'S- ti
13 )i
58),- ,tj
' - 54
143 4
36
78 - l'"
lV2 .'
76!i4-'2
27-
aS " !
62 - ).
86 ..
51 !
96
6
10S XI
120
61 -;
36
'Si,
9-- Ji
27-
7-
112 "
13- s
23-
29e4: ,
SSJ- W
17-J4
48
5)4-
9
3- 74
40 ,.
36J4- 2)4
208 4- 8
32-
60 t Y
checks 311.17: marks. ,0 5-10.
The discount of New Virk fund In
Montreal today was nominal nt 3-32 te
. per cent. The premium en Cana
dian funds In New Yerk was 3-112 p,
i, par cent.
In the Central Kurepean eTehanpe
was n weak feature, declining 35 points
en nominal quotations, te 2.50. lircel;
showed n rally of S points and f'zeclm f'zeclm
Slevaklau declined 1. guotatienn were :
Bulgarian, .iU; Humaiiiau, .Ol-ij
Serbian, 1.04: (Jreelts, 1.5S; Oncche-.
Slevnklan, 3.17lx; Juge-Slavian, .41:
Polish, .0005; Finnish, 2.50; Austrian,
.001Hi; Hungarian. .11004.
BATUItDAT'H CLOSl O QUOTATIONS '
Sturllnw !'rnc l,li UulMir,
IHm.nd .Mi ni'i 44'.,UBi.,rj
Cables 4 ; e li)
TOPAY'H OI'KXINO gVnTA'lIdVH
filerlltiB 1'rAtirs t.lre (lulMeri
Demand .... 4.JJS I3 ., It
U'bl ... .4 OSU'j 4.6i,, ;, ..j
DIVIDENDS DECLARED
Famous Playtra. -Knadln Corporation.
quarterly 2 wr nt en IJrat vrfirt. ay.
Lis jxicnibar I tu utetl, of reverl Kevcin-
'VsitWn CUctrlc Company quarterly m
nr cent en prfrre'l, rayabln UccemW at
Wmtsrn Klactric lempany quarterly
,r cent en prfrre'l, rayabln Uecembi
...u nt raceru lJfi.amLp Itl.
,T. I. Ca tbraihln Maehlnt Company.
HlA.n " ,ril . l, i.' . -
January t te stock of record UaetmW 11
cant en common, payable In common uteck
en racemlxr I te stock of record Nevtiii.
lr i'0.
MONBY-LENDINQ RATES
NEW TOBK Meney en call, both eln,
of collateral, epeneil today at .1 Pfr ,enl
IV f VltUt4tB a7i IVr
rHtMDKUrfllA-f'all, 6 vr rent', time.
5 per tents temmm-tal papr, titre, l0 ,,'
roenthe, 0 per cent.
German Bank Statement
Iterlln, .Nev. IS ; Tli tatemnt of n10
Imprlal Htik of Hennany, u Uf November
1. .hews the Cel ew n rhatiirea In mirk"
reial con un4. bullion liiireamui i.ei.ii'nni.
geld ilecreaeeil lOOO; treueurv ; sml lean uesel
"mtlun nelea jnrreaiieii S (ili.i ;im,oeoj nVe uf
etner nuniiii im;in.-,, ,i,iv.iivn. hum of ok.
from fl.DOe
IB uncrumaeu ."..,".i,iiuil, tot .-u In lr.
Ulen niraMHl 4T.stp,l.iitO depeelta In.
iieil O.tifle.aiT.oeni nther Itawfitui In.
"VUt!8, "' ' ,0"" ' ''' W. ii.
ilUlAlletl
rreaaei
of aepla
creaac
of timely
ev
of world-wide
Its Kind PUD-
AR SILVER
J,,1a,JSf we ' l,l,hr " I.enden te,
ewepaper. ep
unear-.
a-
'
rnaiiB" mini '""- '"V'r' , -t.i.l.n'J.nii ;
tllareunt and treaaury tillle in.-i rated Hi .
2MVU"l.0"0t advaniea lrpream.,1 a,4Nl.HTT .
000i inveatmentm lerrnaaeil r.,l.in9,(i(i0i ithe'r
dHU
Gulf Oil
Corporation
of Pennsylvania .
15-Year 5 Debenture
Geld Bends
Fer the Sj2 years ended June 30, 1922,
operations of Gulf Oil Corporation and
subsidiaries shewed:
net earnings, niter alt charges, were net less
than 9,000,000 iu any year;
1
average net earnings exceeded $16,000,000
per annum ;
net earnings for the first half of 1922
exceeded net earnings for the entire year
1921.
Maximum annual interest requirements
en the total present funded debt aggre
gate $2, 1 10,000. The Company has. prac
tically no ether debt excepting current
accounts payable.
Price en application .
Guaranty Company
of New Yerk
421 Chestnut Street
Philadelphia
Main Office:
Guaranty Trust Company
Buildinf
140 Broadway, New Yerk
We ta sol guarantee the etateiatnta and flgurei voataleed heieln.
1,'it tlity are Uken from eeurcea vrblch we believe te be reliable.
JS
Pennsylvania Railroad System
Western New Yerk & Pennsylvania
Railway Company
4 Per Cent. General Mortgage Geld Bends
Du April 1, 1843
Tax Free in Pennsylvania
Fre of 2 Par Cent, of the Nermal Federal Income Tea
Lilted en the New Yerk and Philadelphia Stock Exchanges
The Pemuylvania Railroad Company obtains its only
entrance into Buffalo ever the lines of the Western New
Yerk and Pennsylvania Railway, and controls it through
stock ownership. These Bends, a closed issue of $10,
000,000, are secured by direct mortgage en this strategic
mileage, and cover the important terminal properties in
Buffalo as a lirst lien. Including $9,990,000 prier liens,
the Bends are outstanding at the low rate of $34,098 per
mile. The mortgaged property is carried en the Com
pany's books as of December 31, 1921, at a depreciated
value mere than 3$ times the amount of this issue and
the underlying debt, indicating a very high degree of
security.
CircKfar ok Rtqutst
Price: 81 and Interest
Te Net 5.57 Per Cent.
Biddle & Henry
104 Seuth Fifth Street
Philadelphia
Tb Information finl etittetlri contained hereto liate beea
cbtilaed from mur. n which we bellere te be rillable,
I -ii
We Offer Subject te Prier Sale and
Change in Price :
Security Due Price Yield
Phila. & Reading Improvement 4a. . .1847
' Allegheny Valley let 4 1842
Uelnt Stock Land Tank 5i 1952
"Phlla. St Reading Cem. 4a 1837
"Lehigh Valley Gen. Cen. 4 2003
"Lehigh Valley Ceal Be 1833
"Lehigh & New England Can. 5 1946
West Virginia &. Pitts. 4s 1880
N. Y., Phila. ft Norfolk TC. 4 1848
Choctaw, Okla. A Gulf Cens. 8s 1952
Penne. Water dc Power 1st 6s 1840
Penn-Mary Ceal 5s, Oct. 1830
Atlantic dc Yadkin 1st 4s 1848
Indiana Lighting 1st 4s 1858
Lehigh Navigation Elec. 6s 1843
Clearfield Bituminous Ceal 4s 1840
Tax Eiamet In Fennejitanla.
i- Eaewpt from federal, State, Municipal and Lecal Tasaltua
ISAAC STARR, Jr., & CO.
18th and Sansem Street
Philadelphia
lmmmmmmmmm8--mm-mmmRMaWWaMjM
I LOUIS T. KLAUDER
CONSULTING ENQINIIR
I fCNNSYLVANIA 8UILDIN0, PHILADELPHIA I
I POWER PLANTS
I SONSTRUCTION MPORT
: . j
Mshi,.H,,.Jrt$t&i&'!r..$l j, , ,..,.. ... . . .. .....,. .... .ut .. ,..i!'iaalaW
Price
82
82
102 H
81
83
100 ),
100
81
88
88
88
87
81
78 X
10SK
80
4.S5?
4.88'e
4.65
4.8Bi
4.8B"e
4.95C
s.oe';-
5.007k
5.05',
5.101
5.20
5.30r:
5.3Sfe
8,609
5.75
S.80?r