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-a.s-.-..-.r.r UTTTlT T 1 TWmlWTI 1UITT (nVTTJUT A A7 14' M W.laaa A V iMI IV H1IVIKH1K V-V,. I H JOZt . "-"rw.
JliVJvJNlJXl JrUJDliJLU Li&UKXiusx rniijn.u mu jujtju.j.a, Ti..i.t w t -..- "' -
'! V
I it-aSfe-
v I iv nBBal if
Camaguey
Sugar Ce.
First Mtge. Sinking Fund
7r,'e Geld Bend
Due 1942
PRESENT PENNSYLVANIA
FOUR MILLS TAX REFUNDED
TO RESIDENT HOLDERS
Securtd by a direct Flrtt
Merttat" en nil tlis mortctre
able property of the Company,
Price te ifield about
7.25c
Cemplr'e Circular en Bequest
TheNatienal City Company
DLn.J.1nht.U17 rhatnut St.
fv. . :" .. i a. DI..L
-vnaueni (
IAIMLESS CHURNING !
NEW YORK STOCK EXCHANGE TRANSACTIONS
Ofil Afternoon Repert In Phlladetehla Quoting Full LM
I 7.25cc I
Atlantic Lity ,naueni iei
1223 Boardwalk !
EQUIPMENTS
!
SOUTHERN PACIFIC CO.
7a
I JUNE 1. 1928-1930
I
SOUTHERN RAILWAY
5' it
NOVEMBER 1, 1934-1937 ,
ST. LOUIS-SAN FRANCISCO RY.
' 5a i
SEPTEMBER 1 19:3-1937
I PRICES. ALL MATURITIES.
1 TO NET 3.20-.
i I
!j REILLY, BROCK & CO. I1
1 306 CHESTNUT ST.
! PHILADELPHIA
1 11 C li ilJiU- t tVi --Jwn ,
I nv" ! c r ' ' ic I
I . mi (I wimij " i
I i
The Advantages of
Wise Diversification
of security holdings
are pointed out in a
new booklet wc have
just preparefl.
This booklet suggests
a conservative way te
select securities in
order te obtain the
maximum safety of
income and principal.
Complimentary copy will
bv sent en request
Hemphill, Noyes C$ Ce.
Members Mew Yerk Stock Exchange
Franklin Bk. Bldg., Philadelphia
New Yeric Pittsburgh Bosten Scranton
Let Anieln Albany Syracuse Baltimore
Wilmiagtea Br.dgrpert
ABOUT OF PRICES
Trading of the Same Spiritless
Character and Confined
' te Professionals
New Yerk, Nev. '2. There win
practically the same aimless churning
nbeut of prices In teiluv's stock miirkrt
witnessed in mint of tlii immediate
picccdltig session. Pressure developed
again In u number of tli. industrial !
Mii-v, nuirc imrtlrulnrly tlien whleli
en'y ri-oently wert' iinilrr peel miintpu
lntlnn. Tlicre wero also emp strong
-pef. llermisp of tin' continued highly
tirnfesMiitint ch:irnctir of this dciililica
' the Rcncnil liievcnii'itt Inckcd ilvnlti-
ciincc, ether tunn rctlcctinR centititicd
prenrc" In the ndjiiHtnicnt precwi.
Overnight ilcvelepinciits wctc net of
tln cullbi'r te give iiiui'h of tin inlvnn
tagp te pitlicr of the tenteiitliig forcen
et the trmllng t'lrmenf iinij the utrcngth
of the oppeving elt'inents ntipnrentl.i re
inalncil nbeut equally dlvldtd. KmtluT
itniieutn-ntiii'tit of Inrreaxrd dlvliletids
nnd ttm'k dlridendt signally failed te
excite n specuhtlve Interc.. Overnight
eenslderutinii of the ship nlwidy qucs
iien una inn rnuier trremii liu'ssage or
l'r'ldeit Harding toel: all the pep out
of thN Interesting situation as a mar
ket fiii'ter. The nttitude. however, was
eniri'Ij'in line with the position tnken
bj the market community In all re
ivnt developments regardless of their
, ImpoiMiiee. A tund which Mipcrficlntly
would appear nar.idecr.I sti'l forcibly
demeii'.tr.tted the greater concern etNt
, lug legardlng inside condition- of th
market itself.
I tt nut ix pupuiiiriy liesisnatnl iu-i pro pre
, fc-lennl preMire win directed against
a number of lndn-irlul i-sues at the
opening, ghing the general market n
teactienary itppi-iiraiicc. Most stocks
reeeited ielatielj little Mippett during
the morning Tiuditig was in cxecod cxeced
tnglj -mnll '.eluuie, but prices neve1
thele-s. l.ept slipping off vteadlly, with
tie- selling ceterlng it wide range of J
shares. llividend-paying railroad
ls,i, were about the only exceptions I
te t.i" geiier.il reactionary trend. Lew- .
i i-iee-i laiN were liquidated f reel v. with I
r..i'tnnei'f and Ohie. .Missouri. Kansas'
and 'LVas preferred nail Frlct pre- I
ferrcd the tllket. the hut mimed fall
ing er .". txiints. Special heaviness
was disihled bv the feed, public1
urihti; merchandising and 1'an-Amerl-1
fun Oil sliaies, the losses running from I
1 fe neurit ." points. This was partly '
onset uv s,,eini Duying in t "rre de
l'asce KlfCtnc Storage H.itterv. White
Hugle Oil. New Yerk Air P.rake A.
I'nited Drue and I'nited States Alco
hol, the gains tvmglng from 1 te 1'.
point".
Commodity Markets
Dlv.
Sulet In KTOCK ttls'i
100 , Air lttductlen . .. E7ti
ZOO .. AJiw Uubher .... 12
100 .. Alaska Juneau U M Hi
10 T All American CablcsUO
17S10 4 Allied Chem ft Dye.. 71 U
100 4 Allls-Chalmera .... 4?U
100 .. Am Aurle Cltcm... 0Va
100 ., Am Airrie Chem pf. 6Hi
U00 4 Am Bnnlt Nete.,.. 83"i
53 ,. Am Beet 8ug.tr... 37
100 .. Am Deidt Magneto. 34
100 4 Am B Sh Kdy new. 70
1450J .. Am Can 74 'i
300 .. Am Chlel 6Ji
'-000 .. Am Cotten Oil.... 17 U
203 .. Am Cotten Oil pf.. 35
700 .. Am TTrug 8yn C?
100 s Am Kxprelt 140
100 .. Am Hid A Leather. 11 la
100 T Am Ice 1C6
600 ., Am Intemat Cerp. 28
t03 i Am La Krance ling 11
300 .. Am Linseed 31"i
10.3 a Am Locomotive.... 12!
100 - Am Loce pf 119
00 a Am Metals
200 7 Am Metala pf 109'i
1100 n Am Safety Razor.. 7
1 00 .. Am Ship & Cem... r.m
100 .. Am Smelt 534
100 ; Am Smelt pf 100H
2100 ;t Am Hteel Foundries 43 "5
100 : Am Steel Kdya pf.105U
100 .. Am Sugar Ref.... 09 i
100 .. Am Sumatra 28 's
200 9 Am Tel ft Tel 122?
803 i; Am Tobacco 151
500 12 Am Tobacco B....149
100 . . Am Zinc Ld & Smelt 154
100 . Am Zlne Ld & S pf 50
200 .. Am Watrtvks 6t pi 48'i
700 7 Am Woolen i3',i
3500 ., Anaconda Copper.. 47
500 . Ann Arber pf 34
500 . A-sscts Ueallratien. 1
100 6 Ahse Oil 114
1200 4 Asse Dry Goods... 6H
1530 r, Atch Tep ft San F100J.
400 C Atch Tep 4 S V pf 92
100 .. Atlan Blr ft Atlantic 2'i
400 7 Atlantic Coast Ltne114;
200 . . Atl Gulf ft W I S S 23
100 C Atlas Powder pf... 91 'a
100 .. Aute Sales Cerp.. 3's
700 .. Austin Nichols .... 30 4
7100 7 Baldwin Locnmetiie123'
7300 . . Baltimore ft Ohie . . . 45 j
200 B.Utt &. Ohie pf W
700 .. BarasdttU Class A. 28' a
2400 48c Beechnut Packing. 46
5400 5 Beth Steel B CSS
003 .. eth Steel pf new.. 94 1,
100 S Bith Steel i'c nf. .107
.. Beeth Fisheries... 4;2
8 Brooklyn Edisen .,117'a
.. Uklyn Rapid Transit 14
.. Bklyn R T ctfs.... 12
8 Bklytt Union Gas...116'a
.. Brown Shee 59 ' a
.. Brunswick Term .. 2U
10 Bums Bres A . . . . 1 C6 '
2 Burns Bres 11 45 U
.. Butte & Sup Cep.. 30
. . Butterlck Ce 17
. . Cadde Cen OAR. 71B
.. California Petrel .. -8'
7 California ret pf . . . 90
.. Cal Zlne and Lead. 74
10 Canadian Pacino ..i"'a
GRAIN MARKET
' Uiicage. Nev. "J. Weakness detel- .
eptd iu the wheat market today duiing'
the rnrl.t dealings here, the chief factor '
being Liverpool iiiintittlniw, which were I
'iiirestinnite te str-'ngth -hewn yester- I
day .in rl.is sj,,. t the Atlantic. He- '
purls et fnterahle weather and soil j
Auditions in the surplus grain States I
tended also te make values decline. On j
the etiny hand, inuicitliiiis of expert
business ut the (iu'f of Me.xiee faill
t ,iet as inudi of 'i stimulus, !
'i'lie opening, which ranged from lic '
t'. 'ic lower, with May Sl.lT'i te
J1 17T and ,l,ily Sl.(s.7. te !1.0!i. was
fellow id b'. -i siiKht r.illy and thn n
fall KWi r than before.
1 r.).-n an 1 !,, d. lined with wl'eat. '
Western sh.ppmg demand for coin was'
i reported as 1 s, insistent than of late.1
After up, mug unchanged te 'je lever, j
with Mat TO'i, te 70Tc. the c'ini mar- j
uei nariii'iiea a nine, ;ne underwent a
mat-rial -.tbiick.
Oats sta.ted i shade 'ewer te 7v ad
Mime. M.ij i:ji,,. te 4:.''Nc. and, after
ii trilling rally, tcrned i,.wn grade feri
a.' delivi nis. .
Joint Stock Land
Bank Bends
Exempt from Federal, State,
Municipal and Lecal
Taxation
Tc yield 4.Or0 te 4.65
We offer bends of selected Banks
doing business in some of the
best agricultural sections of the
country.
Prices and circulars upon request
Harris. Ferbes & Ce
Pine St, Cor. William
NEW YORK
PHILADELPHIA OFFICE
Widener Bldg.
Telephone Spruce 7040
I'ieiiiii- wcr. eas-ier in line w:h
the l.eg market.
' n M je '-'D-n ' M
I'- T1S Tt. : :.
M.i 7i'. te. ') :n :
Jui Ti'lj 70s 'i Te' r
in. .t
I - ' .ii'. 1 II'". !!.i.
M' 1 is', 1 17. 'n 1 17ij 1 IT,
J i 1 Li' 1 n"i . 1 us, ; ii. .
''utn
I" . . -I'!'. 4.T, ,)!,
V"'- 'I. '" .! - 4i,
M'l . . UMt !'.', :..
i- . 'I s i ft 7.-i
M Tii '.i (-,
'I '
COTTON MARKET
.New Yerk, Nev. I':: -Trade
ten futures Ulet rnrlj. Kirs
slmwed net less ei r.' re 'J.S
lupune-e interests, Niv Urle.T"
, .....i i
' Hill t'l II, illMI '"iilUUMMlIl Hi M'i OlM,
while Liverpool nail U'.i s,tr,i(f Im'.ln'
All iibseiifc et fed imiiiiu v.i.s ,i
factor an l seiiiiniei taterid a ir.idii.g
market for a while, with little trmd
umu uuer nie iiiiiernmcnt ripur.
price-,
lOlllts,
SJ"
JiiniMr.
P"brua
M.ir"!i
May
Ju
hi h r
.V "!
'
y '(t'li r
.4 ,."il !
.3 l'j
i! I
1-
NEW YORK COFFEE MARKET
NH lirh. V. 'JL'. The i.iffee fn-
t.ris i. ii k.-r opened 1 r. , I punit. high-
' 'Ii- hi tt r
( r tir.s nietuiiig .ii n s
i.ibli s f . in Mn.'.l
l
Sioux City
Gas & Electric Ce.
1st. Mtge. 6 Bends
Due Sept., 1947
NON-CALLABLE FOR
10 YEARS
(Except for Sinking Fund)
Free of 2'r of Nermal Federal
Income Tax
Penna. t Mill Tax Refunded
Price 99V2 and interest
Elkins, Merris & Ce.
Land Title lildi;., I'hilu.
'.!
I '1 ' , -.
4P' 1
'. i 1 .'"
s I.' '. 1 I
51 n .
' 1
' 71117-
"l 'i J7
DIVIDENDS DECLARED
m 11 1 . - ,
r 11
Ni iv YelU
Ml'lHln'M
V. I'lilli St 1
L rii'liuiiKra
? a'lenal Pnei- 1
B1VK ., . II
HwOflu.i il 1 1 , r 1 I.P' r
ir prf.rr-il r.iall. a
t ri r 1 1- n.lier 1 '.
i '.id .1 I .,rl 1 1 nub
l V tl 1IM' it.'' Jill ..! .
rn nl ! " i n i r !
.Mack iv el .tw.r.i. ,. .ni.irti
i.n itiuii e i n I wu.irt' v i
f '- 1 I, 'h .avail J..1 in
ii i nl !(. rnier i,
lr ,p iih n I. . I illll. il
. i irr.i nn i nr
ll .1ll. !"i I r'
I r is
ser inu I 1 1 nu ist
i ill).' 1" I rill' u
lin..'u.li i e
'hliils i' inn-nil' .' t.i 1 1 a
urn I't . r .,'it i,r lr..f. iml I, ,,,
I i einh, i 11 "h 1 1 k'1t"r t , n i.r
llnaliil Lli.liil Mini l(iillu.ii i
rtnil-rttiiiuil H mi Il'! nr, f.'in.
nn pref. 1 1 'il . hIhii i.uirerlv ii -
lllun 101 IMVIlijIe JilllUar1, 'J T. v
i i 1 1. nil), r IU
.fi. I
r i-i
J t.,
- ir. !
i-l
t'r
ri i i 1 i
; f
I-..
7400
100
100
100
100
100
600
200
100
100
203
100
100
200
103
100
'00
1300 .
3J0 .
100
13) .
100 .
40J
TOD
600 6
100 .
330
4J0 .
100
100 .
100
100
103
830 .
200
100
103
100
330
100
1000
200
200
tee
103
430
530
100
100
600
3)0
100
10j.
100
200
100
100
S03
103
5C0
330
103
100
200
100
633
100
100
5 JO
200
10 J
zee
3 "
!C0
103
200
103
100
13'J
200
2W
1JJ
400
10'J
2CJ
100
-PI
400
100
400
1J0
u3J
1 0
'00
20j
100
100
100
5)00
100
103
100
00
200
50
JOO
103.
100
200
200
'030
100
1010
130
1UO
100
100
.330
1C0
t'as.i J I Threshtr.g 30 '
3
354
72'i
39
40
6'
06 S
-C-4
CO',
C44
02
22 4
14
t ? J T Plew
Central Leather .
Cen Leather pf . .
Cerre-de-Pasco. . . ,
Ccrtaln-teed l'.-ed
Chandler Moter
Chesanenke A Ohie
Chetupeatce & Oh pt102a
. Clilcaeu ft Alten... --'a
Chi & K 111 21
. Chi ft V Ill (new) pf -4
. CM ft Gr West pf . . 104
Chi Mil & St 1' -5T.
.". CM ft NerthwcHtcrii M-V
7 r-hl & Northwest pf1204
Chicago Pneu Teel.. BOH
. Chi R I ft Pac 345-
Chi It I ft Fc 6 Pf 67
: ou n i & Pc :i pf 57
. Chile Copper -7-
. Chlne Copper .... 214
4 Coca-Cela "
ijel & Southern.... 43 4
8 Celum "5as & Klec. .104 4
ColumUraphephone. 3
0 Cemput Tab Rcc... 67
. Consel Cigar 35 j
5 Consolidated fias ..1244
. CoiikeI Textiles ... 11 'a
. Continental Can ...101 a
0Cent Insurancu ... 92
4 Cern Products Iter. 129 4
7 fn 1're.l I'.er rf .122
4 Cedcn ii Ce
7 Owsd. ' i Ce pf .
, . Crucltil'. Steel . .
7 Cru:ll.:e .Steel pf.
, . Cuban Am Sugar.
tinhA (atie Sugar
. . Cuba Cane Sugar pf 20
. . JJavIs-en Chcnilc.il . -"
C Dei Lack & Webt. .130
Uetrelt Kdtsen rt. '
; Deme Mines '
s Ini Pent (W I.) CulEe
3 lCastir.an Kodak .. 8b H
Klec Storage Bat., te 4
. . Ell: Hern Ceal.... l"4
r, nndlcott-.lelitiBon . 87
T Kndlcoit-Jentisor Pti.e
. Hrle
. . r.rle 1st pf
r.ri. -J ri"
Famous J layout
5 Vameus I'layets
Kuepert Ti-sa
1.; F'sher Bedy .
J'ifl; Itutibcr .
Z Hen Am Tank. .
. . limernl As-phalt
, ili neral Asphalt ::
H Oicueral Clgai
7 'I'll Cigar del
i Cen htectrle
:i General Meters
0 Uen MterB ilt'
rjlldden Ce .
7 Clmbnl Bre.s vf
;e dwyn llctun -
(joedrloh B K
T Ooedrlch B !' ''
'iranby Mln I m;
limy & I"'V.
7 Great Nerthi rn p
j Grt Nth O.-" eft.
ijunntali. me uug.ir
, ilulf Mehl.e ,v s r:
Uulf Mobile .' '
.. Culf rJtatt a' -(.I
slcndee Mlg
. Housten OU
2 Hudsen Mute
1 llupn Moter
. . Hyilrn.'Jllfl ""tet I
. . Uydraulle :'
7 lllineV c-ntril
t rilr.els i 'in '.
tp odd !'.
. lnillabeTi.i It'
ilifpiratleii i
Inter Ag". p'
., Inter C'i:i Cuip
. . Jitter t'tr ' ip .
:i' luli-riiat "i ri. -it
2 Inter ''ei . 1 :-.iB
D Jut llarvi sl-i i
7 int Ha is-
luti i M Miriie
0 Int. r Mer Xlu'.: .
. lull i Ni k.. .
Iiitet Lap.! ,iai
. . liiiri'il' i i' i ijr,
Lew
57 4
12
lit
120
60 la
42! a
304
Hi
83 4
37
C4
70
72 J.
e!i
ir,
35
6!a
140
11!.
100
17 4
11
31
1 22
110
47
1084
7
21
534
lOO'-j
43
1051a
60 a
28 4
1224
1504
148 4
154
20 '4
484
93
46 Ji
34
1
114
654
100
91 .
24
111'j
J3
1 4
3' .
30 "
121".
42 4
C9 la
:8 4
444
5
94
lO"' 4
1174
14
12
1104
59 4
120
45 "
CO
17
7
48 4
90
7 4'
1414
30-4
i
24 1 1
724
39
40
61
68 Vi
102
"4
20
rt
10
254
L'4 3i
120,,
00 ,
34 '.j
0
97
27 H
244
76
434
'03
'!
07 4
SD
124'A
111
101
92
1i94
122
4rii,
lOOVi
1-3 '4
ti?
2 4
J
I,
. 11 t.
. 17'.,
. 12
V2';
, 9e
.1fa'
11 .
7
-0 .
79
1C3 4
IO
14".;
'3
10
u
aei
24
1
bio
i
10
t-.i-tr
r
-j
17
( V,y
P
0i,
. r.t
co ,
nie' .
ii'-i
' '.
1- 4
I 'Hit lllit
Oi I ! Id ,
. nm
l r ri.
LIVESTOCK QUOTATIONS
Liverpool Cotten
"f ,
I lieniiiul. N , "j v',,,
stiiily tfnlt un tlii Lin-,.- jt mi i 1
I rmlnt fur r ilililllnt: it H spl rv.
i'ii' iioeiilnl - lh. m iii I ,ii,n i,ei.
InclU'lInx 1 I"' mill i Am.'rlr.u Tjiur t
WITH lililt II 'h" I ill lie; liruh s.p0t
1 riri" r' .iii.r.iin HIMIU, Hi' TIT
1 I .,it'l ' 'il M UI'IIIT i j 'mi r t
I Hi I I lll'l 1 I -.j
j,r
N
critdii Railway 8s, 1925
Jentr.il Pr. & Lt. 6s, 1946
iaTirften Typewriter Ser. 6s
3Rnew Water Works 6t, ;936
GARRISON A CO.
IDaWIS SUIUJIHO, riUlADIirHU
LlaJ.laai, H
w
Utiaw Mwtrw
'i i a
II
.1,1 i
IH.iili!
i 1 I hi.
I 'M !
( lileuse, Nw "J
1I7,0I0 lif.i'l 'I.iriC
li.wer- bu'l. .' Ir.')'. I
HI.VS t7.'l.'i"i" "" "I'l
"h(i r'.inilH I u In'-" IT
140 ti lll'l li in I
rack lit s i in mMi
hi iu i. b j: :,!' i
- -,", lllf'lturr. ti il'i'ii
7.7.-. I iu tit Hull s !7 s'
i .ni ' uniueMi T ir.d;
II . ti in T l.llllllir Ii.lt'
IliJii.S -It"
illll' lll'iil'lv
, J.ll In.. Hi,
nil ml, f V
" 7 '. :,
130
i
40'8
110
J7J,
0 ..
' ,0
1 ' .-
40 i,
-1
'J
' 4 ;;
32',
104
'0
-0',
79 34
i"e
'..
l
0'
14
18
:34
..4-9,
7. .5
"14
I
J4'
'4
W
inw..
1lu
49';
I4'4
it
144
Il I1.IV
e v i n
t '(ill
J'. M,
f.71i
U! 14
120
69 -424-301
37 -34
70
72f-
64-
15 -
35 -
6M-'"
140 -114
106 -
Llz -
11 -
31 -122
119
47
1084
7
21
1)34 -100S-
4J
1054
69?a -
20 4-1
i22n-
1501, -
i4e4-
154
50 48 4
93 -464-34
-I
114 '
63 -
1004 -92
-
24-
1 1 1 ?a -
23 -:
91 4 J
3 4 "
20 -
122 4 -
424 -
594i-
28 4 -
40',-
6(3
944
107
44 r
117 4
14 -12
1104-594-2'
v
1 36 ia -45
4
30
17
7-. -
481
10 -
74
141 4 r
304
3
40 -f
01
C8?-
IC244
24
30 -
54 -
10! j -25H-.-S4-
1204-80;-34
Ji
6 -97
27 V,
24 4 '
76 i
43 4-
1034-
3 -:
67 4-'-5
a
124 4
11 ii
i ei -:
92 -1
29 4 -122
40 4
1004 .
4
c.2
22 ' 1
14
30
27
130
Vet
Chi. i
34
I
2 4
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Palet in I STOCK
100 ., tren Products
200 ., Island Oil ...
100 4 .Tene tires Ten 49 U
200 .. Kan City ft Seuth... 19 4
200 . . Kansas ft.Oulf. ... 24
800 ,. Kayser ft Ce new.. 40U
303 ,. Kdly-Sprlnglleld ,. 404
100 ,, Ketinecett Copper 31
103 .. Keystone T ft It. .. . 6tf
100 7 Kress S S 182 Ji
100 7 Laclede Uns of St L 884
100 ,, Lackawanna Hteel . 77 H
100 a if Lehigh Valley .... 634
100 4 Lima Locomotive. . . 554
103 ,. Loews Ine 19
'k i- i.ern art ii'ierrct . . ,m.i
.. Maclt Truck tS,
7 Mack Truck 1st of. 91
7 Mack Truck 2d of. 8?
200
300
100
100
300
tee
200
100
103
100
300
103
200
100
500
500
300
400
100
200
100
Mnultay Ce 103
i , Magma Copper ... 28 ?4
, . Malllnten Ce 32 4
. . Manatl feugar 41
.. Manhat K'evetfa. .. . 46 4
0 Manhat Shirt 54 4
. . Market St l'.wy pf:. 39
4 Marlaud OU 30 K
2 Martin Parry 26
.. Math Alkull 524
.. ainx .Meters Class .v 444
Max Meters B.
8 May Dept Stores..
1 Melntyre Mining
12 Mex Petroleum...,
'2 Mev Seaboard. ., ,
2 Mex Seaberd ctfs,.
2 Miami Copper
300 1.20 Mlddle States Cerp
3300
500
100
100
100
tee
103
100
100
500
400
100
100
100
103
600
103
2100
400
1000
2103
100 ji
3200 ':
100
703
200
300
1000
200
103
333
203
600
100
3803
5200
0200
100
200 s
1430 s
400 .
400 C
100 ..
1030 ..
300 B
2d 3
ioe a
300 2
100 ..
603 ..
8 '00 4
433 ..
600 :
203 5
1330 ..
35n-
100
1600
1000
700
703
2531
200
200
300
2C0
6400
300
1500
1500
50
3103
02C0
400
703
10
2433
100
13?.
164
174
208
. 16
. 16
25 H
, 11
, 20 ?i
' 64
E6
Mldvale Steel
. . Mln ft St Leut
4 MStP&SSM..
.. Me Kan & Tex (w!) 14;,
. . Me i: ft T (wl) pf. 39
.. Me K ft T lRt ptl.. 31 4
.. Missouri Pacific ... 16U
. . Me 1'aclflc pf 45?
3 Mentana Power . . 67 4
.Montgomery Ward. 21 H
I Moen Moter Car... 16M
4 Mether Lede Mining 104
,. Mtlllln.s Uedy 174
. National Acme .... 12
,. Nat Cen & Cable... 14
Nat i:n & Stamp... 024
Nat i:n ft Stamp pflOl
National Lead 117.4
. , Net" Cen Copper. . , , 14
N V Air Brake A.. 48 ?i
C N Y Central P3i
New Yerk Leck ?5H
. New Yerk N H & II 22 -,
2 New Yerk Ont ft W !1 9
7 Norfolk ft Western. 11 54
C North Air.ei lean ... 884
.1 North Amer pf 45
E North Paclfle 794
8 Otis levater Ma'
. Otis Steel 8?i
2 Owens Het Mach... 37
. Paclflc Devel Cern. 1 il
a i'ac i,a.s sz Klce. ., .
. VacIIic Mall
3 Paclllc OU
8 Pan Amar Petrel...
S Pan Amer B
. , Panliandlu
S Panhandle, pf
Pennsylvania R TI..
. . Penn Scabenrrl Steel
14JJ
45H
P4
U3 4
5
624
47
J-
Peeples flas Chicago 924
t'eer.a & Kastcrn ... 1 5
Pere Marquette . . . 30
Pera Marci pf 63
Philadelphia Ce ... 38 K
Phila Ce ce; pf,... 41 H
Phillips Pet 414
Plcrc Arrew Met pf Vl
Plerca Oil 5
Plegly Wlggly Stere 42 H
Pitts ft W Va tC
Pend Creek Ceal... 18 4
i festum Cereal ....110
. Producers ft Ref... 414
(I Pub Scr Cor of N J 994
3 Pub !sr et x j pfiec
8 Pullman Ce 116 14
. . Puntu Allegre Sugar 45H
2 Pure OH 28 4
1. Ray Cen Copper... 134
4 Reading 77JS
; Reading 1st pf 49
. R.rn'ntten Tjpew.. 32 4
, . P.ep'ie-le Steel ?2!j
, . P.epub Iren ft Steel. 48 j
S Reynolds Teb B... 624
ie Royal Dutch N Y... Z3H
. . St Leuis San Kran. ?24
, . St Leuis S Kran pf . 39
de odd lets 35
St Leuis Southwest. 334
. "-'I I. Southwest pf . . r8
. savage Arms 174
. . Saxen Moter 2 4
. . Seaboard Air Line..- 3W
. . Sears-Roebuck .... 82 4
. Seneca r tinner .... 85
100 lCS-l Shell Transport... S5J,
203 2 Sinclair Censul ... 32
S Sinclair t'en pf.... 9
.. Skellv oil 04
X Me Perte Rlee S pf. 88
C Seuthein Pacific .. f0?a
.. Southern Rail 224
5 Southern Rail pf . . . 62 4
.. Splcer Mfg 17 4
I Standard Oil of Call 17 4
R Standard Oil of N J199
7 Stand Oil of N 3 ptl199i
3 Sterling Products . . 61 4
4 Stewart Warm r Spd 57 4
at 4 Strembenr "a:b ... 524
J. '1 Stutlebal.e.- 123?a
7 Studebak-i pr 116
.. Sub Real Cerp 79
.. Superior OP 4fi
Sweets e : Arner.
. . Tcnn Cep & Cl.cin. .
:: Texas rn . . , .
." T.-N a a ( ! -1 f S ,1 : 1 ih u r
. . Texas . 1'aeille. . . .
1 Tex ti Pac ' & O. .
J Tlmken Rell 11 r . . .
.. Tobacco Pteducts .
7 Tobacco Pi ml A. . . .
.. Transcontinental Oil 124
In I'ndcTWOui! Typtw .141
.. Union nil IG
10 Union Pacific ....142
4 Union Padl' pi ... 764
. t'nltcd Tirug 70
3 United Krult 12
. Unlfd Rw; l"is!t.. 12
.. Unit Rwv 1.1" tt pf "64
.. United Rtstj. 1 Stores 71
. II S C I I1 i Ktly . '5",
v a c i i' ft I'd." pr 02
U .si lad AIl'eI.ci. . 14
400
100
203
3203
1000
700
200
2500
1530
533
1600
503
330
8 00
103
1703
100
100
100
2a00
4130
S30
1 03
703
103
103
11 '13
430
CiV)
Gil
203
103
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100
103
1330
100
100
520J
103
4100
1 03
12703
403
500
00 J
3700
'.'13
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100
103
103
103
003
103
100
2v0
933
1 03
203
103
2)0
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8
n
63 4
21 J
194
3? 4
-24
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0 r S Really ft Iti,
. U S Ruble .... 404
S V S Rubtei ' pf.. 941-
5 U S Sttcl ...1C4 4
7 U S rite..', p: .121 J.
U Utah Copper . . , CI H
. . Utah f-i-cuiit'ts . 16J
, . Vanadium Ceip , , 23af
, . Van Haulte. . G4 4,
. Va-Car t'l er., pf .. 03.;,
. , VI'. audeu In . , 14
. , Wabash 9
. Wabush pf A 25',
7 Western KVe if ..111 14
. Western Meryl., nd 124
W Maelii'eld pf. 231 i
WVmirn I '1 IIIj ... 16
7 Western I ''.01 Ti 110'j
I West.ng i: K l . . t(l
i white i:.tg: ei 32
. . White Oi' t.'g-p . , U
.. WlekWll' .".penes.t.. 9
. Wlllyh nveiiand ... IU
. . Wilsen . ' . ... 28,
i woeiwoni. r w. ,:m
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77 4
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26
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17
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194
TRADING IN LOCAL
STOCKSJJFELESS
Increase In Public Service Cor
poration Dividend Swells U.
C. I.'s Income Account
!a
4
4
4
14
4
14
4
4
4
1
1
94
17.
Tlie most intcrestinif overnight d d
velepmeiit from n lecnl viewpoint wns
the announcement of the Increase In;
the quarterly dividend of the I'ubltcl
Service Corporation of New .Ter'.v In
' per cent, thereby plnritijt that stock
tin un 8 per cent per annum basis. This
action had been generally anticipated,
In fact, the directum were expected te
de the (rich last Friday.
The event wiih mere interesting bo be
ennse it meniiM nil appreciable hit-reuse
te the income account of the l'. (!. I,
Company, which nnturally iimltes It
very plensing newn te the many l'hiln
delphin MtockhetderH of (hut tsinccrn.
Insuring nn early restoration of the old
S per cent dividend rule.
V. 0. I. owns nbeut $n,n00,0fl0
of Public Service common Kteck, 11 ml
the Increase in the dividend rate te
8. per cent means an Increase of ap
proximately .fUMUKll) in income return,
making about $H4(J,00O. instead nf
Mt.10.INKI. It also owns $.".00il.0(K) pre
ferred stock en which tllvldends' of H
per cent Is paid, which $400.0(10 makes
a telul income of approximately Sfl,
.MO.OtMl jenr for Ihe U. . I.
It is understood the stockholders of
the l'ublle Service ('entimiiy of New
Jersey will be tisked te approve change
In the preferred stock structure. There
is new authorized i?."0.()(IO,0()0 8 per
cent cumulative preferred, of which
Sl.S.r.OU.000 Is luutstiiiidlm.. The nre-
i I posed plim autherhics S.'.OOO.OOO 8
Tm of PMntytniU Slid T
E'Mft from Firil'lKiM;
$450,000
POTTSTOWN, PENNSYLVANIA
SCHOOL DISTRICT r
GOLD 4Va BONDS
Uattd DtcamlMr 1, 1922 Out at hwn beltw )
Otnemlnatlen SMN (exetut shewn below) . Coupon farm l'
with rtglttratlen prlvllegti. Semi-annual Interttt j
(June and December 1st) peyable at
The Security Cempany. Pettttewn, Pa.
", I
ie
X
4
4
24
8 4
94
i ! per cut preferred, and a like amount
uf 7 per cent preferred, prtiviilliiK n
! mere flexible capiliil structure. The
present S per cent preferred is callable
at 110 nt the corporation's option. The
plan is te have the corporation give up
) this privilege of redemption su that
Hlwl: will net be callable. i
V. (5. I. stock benefited very Utile
by the interesting incident, but this
was because of the extreme narrowness I
of the market mid lifeless character et '
the general trading.
FINANCIAL STATEMENT
Rtal Values, estimated $19,702,400
Assessed Values 11,621,433
Total Sanded Debt Inch this Issue . 530,000
Papulatien . , 18,009
Bendi off trad subject te approval of legality of the Issue
by Messrs. Saul, Ewing, Remieh etc Saul, Philadelphia.
MATURITIES AND PRICES TO NET ABOUT 4.05
AMOUNT DUE DENOM. PRICE
$78,000 December 1, 1927 $1,000 100.90
75,000 " 1932 " 101.63
75,000 ' " 1937 " 102.23
75,000 " 1942 " 102.73
75,000 " 1947 " 103.13
60,000 ' 1951 " 103.40
15,000 " 1951 100 103.40
M. M. FREEMAN & CO.
421 Chestnut Street Philadelphia
Telephone Lembard 0710
Philadelphia Stocks
T I
14
ltlah
no Am wiis.. SU
1." Am Str.s..jn
7J." Klec Ster. rJ
:i.t(ieii Mtrs. 14
III In Ce X A 40'..
100 Lake Sup. (5
r.Ol.eh Saw. 7.5
.1S2 l'ennn U Ii 47s
2." rhllu Ce
cum pf. -IO''!,
110 I'hilu lilec KlVi
na tie pref. . no?
120 l'hila U T .TJOC
netl.radlng. . 77
200tltey:telds
Tebac It. 02
W Seuth Hy. 22Vi
200tStewnrt-
Warner. r,7:Ji
.'!." IinienTrne 41
400 I'd I.... .10
1)2 de pref, . J5."ii(i
BUtr S Itub. 4S
I.nr 1 I. M. clme.
M S2 . .
inn me ..
W, .VT'i-f-l
The Important Part of Your
Salary Is the Part Yeu Save
4
Ji'.s
4(1
J!
71!
47i8
40",
.11
.ion,,
2y.
lt',s-f
40 --
e;..
7.1 . .
17'i-J.
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ie!;, Vi
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4
Interest
.Allowed
ou
Savings
Deposits
'.
02 (12
l.l( .'Ol,
r7!,
41
RVA
IS
,i7i-r
41 ..
4n,
At the end of interest periods
when you see the money your
savings have earned, and when
you are able te make geed invest
ments, you will realize that your
savings are the most important
part of your salary.
Our depositors have accumulated sub
stantial reserve funds through sys
tematic saving and our careful safe
guarding of their interests.
nn'
48
94
l
i
iSi
1 I
y
14
44
t.Vet rlmnci' imule l,v cninmrlmni lth 1 ml
I snlv un New Yerlt Med; Rxcliiiimc.
rim. tin.i'iu iKiMis
HiiKi Amer (Jas & Klectric ."s.
1000 niectrlc jc IV.. Tr 4s . . . .
ItHIO Klretric & I'ce 'IV -Is....
KMIll I'hilu nici'trie 1st rs....
KlOI'hlla Kle.tric n'..s
100(1 rhllu Kl.'ftrie .".'-..s
20IIO I'l.lhi r.lcetric (ts
ltiuriila Klictrlc iU
r.000 rtiitcd Hallways Inv .'.s.
S7!'s '
Os'i I
OS I
MP' '
100.". '
loe..; ,
104', ,
101 I
:i i
l-i
4
FOREIGN EXCHANGE '
New Yerli. Nev. 22. Oticnimr li-
I liren ler foreign exchange today shetted
sterling down , triiiics tlewn -y,, te.
) chins down !. lire down ,'',,, Sweilisli
down 7, Spanish down 4. and Swis,
i and Xera down II. !tiili'.crH were
i un !l nelnls and miirKs wire uiielii.ne.il.
'-i The htrencth of Builders is attributed
I Ie tin) heavy deposits of foreign nienet
in Amsterdam and the ii'e of that
1 financial center ns an International
clearing Iieu-e. wen Hints, as heiitti heiitti
fere, were almost entirclj spcciili'ih,.,
anil the metements eie only moder
ately based upon :i tn.i I niimni icial
business.
Opening iiuiitatieus nn;
i Sterling cables I.ls.f, . ,t.limh,l
14.48'-!.: Unite itlblts 7. lis. elu.i.l.u
. .T.OTVi; ltelgiiill cable i 0.01, ciiccks
4l0.00'j: lire tables J.C'.m... ,.H'ks
- l.'l-i OWfe t.liees I.-..1I.I, inttKs tsjj;
Liberty Bends Accepted at
Par for Savings Deposits
Call or Write for Interesting
Booklet en Saving
tf National Bank with a Savings Department
N&tieiial
Bank ei Commerce
713 Chestnut St.
Nathan T. Folwell. President
?
14
274
4
1 1
1
i'l peseta cables l.V-'s. 1 he-lis l.'.'JO; iiaii-'
n .. si f'Hnit'n ii.. 1 11 ei i:s 'u'ii --,,.,,,,.
(194 . ' , cableb 18.22, I'hecliK ls,.i7; Siedisii
'8',- 54 1 tables 20.7.ri. chiihs 'Jil.-ti; KiiiM(.r ,,.,.
l'2 - 14 I hies ,1il.:i2. thicks :i!l.'J7: marks. ,()l";v.
e A - 1 1
I'll!' till' IH'SI tllllC .11 S(V;1 tnelltlist.
evchaiigc en New teri, iu Mnutieal Is
1942
'"If 4 eciiaiigc en .ew ion, in M,,iiii cal Is I
ft - S'at a discount of l-.'W j,,., ,,. IW. j
-24- 4 1 lerdny the long series if piviniums en II
C 4 Canadian, which Iitul ih.hk. prncticable
I?'4" Ii our tltnwlnp ge'd fruiu N. n .jj f,ii
J J A I . .. 1 "in .1 ... 1 ...1... . .
Bore of Wintea, Pa., Fund. & imp., Tax Free, S's
Lincoln Joint Stock Land Bank, 9' 1 Capital Stock,
Louisville Gas & Elec. Gen. Mtge G's, 1937
Seaboard Air Line R. R. Equip 5 V t, 1929
Tide Water Power Ce. 1st Lien Ref 6's, 1942
Tide Water Power Ce. Sinking Fund. .... 7's, 1937
Southwestern Gas & Elec. Gen. Mtge 6's, 1957
Empire Gas & Electric G:n. Refunding 6's, 1952
Vermont & Quebec Power Ce. 1st Mtsts 8's, 1942
Kansas Electric Power Ce. V , Cum. 1st P.fd. Stock
Speeiul fiiculuvH furiiiuhul kjei upiilivcthn
F. E. Warner & Company
Investment Securities
121 Chestnut Street, Phila.
H
4.JU',V
6.50;ci
6.35fe
e i en1
6.35
7.30
b.fD',0
6.30r
7.85
7.57rc
emhartl le'JM
.Main lltt
133 -HI
1404
7G4 -7(3
-
1b2 :
12
26., .
G94 -,rj:
-02
-24-854
-47
4 -S4
4
IO3I4
121 J,
-s-24-:4fi-()3
-14
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I1K4
124
21 !j r
10
11.0 4 1
!30 ?4
in ,
- r
B
9
bli
38 4-
213 -
te l-.t per edit. 111 I iii.1 k icinel
into a diweiiiit. Tin. tienvth ()f
I Caiiatliau wa.s due te Iiuku -iii uk un
, te the I'tlltcd Slates. ,,H the fmpeit
by the Dotiiinieii. nm; pmelias,,, f
M'nnndlaii securitlis b; Aim iicnus, nml
1 ether inllueuces.
14' Iu the t eiitrai 1. un. 1 .1; euiiaii.. 4
1. leditv. (''.eeho-SleMililii sl u,,l i.,.
n . . .....
1 14 , 01 1 in Hits : I'eiisii jnu'ii'ii
14
IV,
14
4
' 1;
'l I hi. Ill
1 , . ami tir'-cKs lest 1 puim. i, imi'tie! , :
-i ltuigariaii, .07: Kuiiianiun, Ml, Sim
1 ' binii. l.."S; (iiecl.. 1 ..".'1 ; ( ';,. ., ,..s,,.
a ' Miklnii. .".IS; .liigii-Slatlaii, .Mi'.. ; 'n.
4'lish. .(Mid-;: I'iiiiiMi. L'.ns; Au-ti-iMii.
4 ,0014: lluugni Ian, .mill',. 'Hi...,. ,,,..
' H t.itluiis, in the es; i,K , tMliiii.itv, ,,r
' 'he market,, are hiuel.k nmiiliial.
' 31 VltfirilliDAY'ri tl.llslMi ul'hiHi ,,,. t
hterllnu rrnn ,
iMni.in! ... I W "'
1 ul In. . . I H". ;n
t.'UAY's til'l'IMNi; uc
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t.uilil - .
:i'j a.'
1 1;.
i .mi
'mi; s' U" iitiuiiilt S'
rn
;.vifil; une lsiuJ ft
I'l-
il 1
1 Mi
e ni,
7 -.'
1 7 '.-,
I, Kill
1 k
Hill
7 -.". u s
.,1 n-
7 iUifi'
7 1,11 '.
n.v .
I 'HI.,
i:as
1 ellll
lll'l liu
(11V L.
imiis m
MONEY-LENDING RATES
s.UV lllltK Mn in 1 ill I, f L lrH
.11 tnllat'a.il iiieMinl '"ill . . 1 . 1 1 ,.'f,t i.ir
'in n:i 1 'I " ik 1 k
I'llll.M'll.l III ' 11 . t 1 tin ".
T ifr ti it mm r incr "1 ft i-ix
ti nllini Si t nl
BAR SILVER
IJfcraeatlc Lar altver wn Mi'h.in.aJ In jw
'Varle iim1v et DO'lc n,r rtn eunmi fei-lzn.
0'.ic. 'elln uf H '- Iienili IVu price
wan a-l"'l Ii wr At af f
CA I.I.- IU 'lii. I., ti 11 11. N 11.1..
l.ef rt.irt nun k m-t f ' i L,.ii s
lull, IM 'i in liik' il , rulK"
lenK nl Ml. - i'i r!'i ., ..' r, . ir nl 1, it 1
teaily eri'h mi 11, 1 jini miri-i ,i ,,i v'in-.
lllU'll ll I'k- "I I-' f-i' l ! If ..U'llltk
'nml innill'.ei 1, .. 1 u 7 ." 1 'imi "1 1 low ti ,
1 Rrtitl'". I ' t "Ii ' 1 ' Il - i 1 it 1 li r.
tnrie 1 inr 11 r ,i ' rn uit.l n. ter
drillll Hit a 1. , , " llul l,.lil'- r, liter
Olvl Clllk"" 111 III. I ,ri II iVe Hut-ni'lS lltl 1
ftiiilrri. bihI Wih'iti r., .ttrs ubejt i
tculy. liullt Liinnirn turlk Ji.s.'i'ti.l: iniiktly
bulU tlijIraliU Ii1ikhr bulla. S4.USf4 f.i.
niirr..' ncripta. la.isiil lieiiil. uiieiiina
law, ..rut lainlK, wmik te 1.1c lewer: early
fte. 114. US te elty butrbvrx anil eacktirn;
jeiitar twtniiini inr: ikktt cum . punail.
WaalilniftvTi fenllinr binibs. 31H.7.1: tiiJeci,
S3 aeunilf, cOil HrlltiK kth.r. ttlBahcep
il. I'Juls. ..; -j.' -. Afl.;-I
liln In..! Il.-f st'iTH ?'" ,,,;;i'
l.eci llil.i k trlli r. l"l ." ,r,'r";
mi..-", t'l.i '." Ki.i'i" iiinl tm" "'.'
Ii l.jli' ke.ler-. r.n; ''')"''"'
it .-.ti i.ii.i.iii ;s"i ic k nt.." v :;
ll.K-t Imtuht n 7.'i lulls '",! .!,! "jifiV"
hi. him .ir. . .' Mui'.' 7.'.. beltisiiii in-iis.
.l 77. 11 I " 1. 1 I h I- I 4 7e ,. ... . ..
Il'ul.s t.i i -I n't I" '"" l'""l,if,r, ,1 ,.t
..1 Int. ti.-i I., -h I.MIiih r-s -J '''Vr'mi .
liit... in L'.'.i IiinO. Oenimiin, t tter. t'aUi.
Iiimiiih v.'i'i lit .til; niw lu.keri tsttll.lei.
, lulls. He. ..In . VddO lieuil, htiuni: te H'e
I lli i lli.iky. I.a.'i'h..l.'i, mlK"U. (H :ifi.
s '', S'lriiiH s,l. ulj. m 30i reuKl.ii,
iii'iinn, jr.. miiikh 14 no A, i '
citlJI-.l' AND I.AMHU Jte.ttH.s SOO he.nl.
Raw Sugar Quiet but Firm
Nt'kk lerU, N'lik' 2'.' - lie u m . lr.ir
Let nat 'iu il but ll-ni tills ir.i i in, , i'nM,
for Nukiliil"! ii'nl Dec nib" r slu (nn,, ,u.tj
al ill. 1 MltB. cist .lll'l fitlsn 'il .,,.
ri k.ilm euati"l lepteiuc 1 1. I r i ,. ,
lll.wl in 11 lift tkKK Ullt-llHIlSUl lit II l.ll ..hih1
, ie ; I'fi.ti, ii tit - H i "-nn i"i t ,-n
I I'HBSIINAMTV tOlMs I
jrj.'i.i irueh ilit ultirn i.ny ii ...ti-res
with i.l Nemy AHini a le litr tirtiiiiblilen ,
IKas, Hie kklim.iine In ly kklun inntn iiili,.ri,iua '
I bv tier UltOllllllty i-IH'tl'II k Ire.isH lilt.
M, -milts fiuia tlie l'i inn la I'M i,' l.niiilen
i N.'.kii lluii-U kf'il' our leuil is pu-tt.l nn Out I
IOUlll-1' Hit U tllHII "I i."i.irii... llCPimi
S'tkvi I'.ise eveiy 'Inv,' I" ,.'' VV1.'" "' 'h
I'llUIC I.KIHIKII "Villi" Il 'I lllll'll ' - t,,,l
."t
lk lillLh.lMMtll
RAILROAD EARNINGS !
I'DIiAND VAM.I1V KAM.ltn.Wi
III' r .1 se
tlkt
- ..- , II .11, iIlltA
I 1 ' ,7 jl iii s 1" ills. h'
,. I III' - Itts'ill'i. i"V ."'"Viur CI '
,tl . si.l. Ik ii.i i""1 lt..r.l.. fur J is it
.i.i, .i t.i, , 1 1 i. is niimiin .""
! rn ,ft ill, n ii '
I . l t I n' ' til
.Slukv,
I, cu jutiik-,iii
fl'l I S'llt fk'CR. J"."'
' .V
i .ill.'
l".i'
111'.'.'
KISl'.s.'il
lan.llls
a.si',,4,1
l.tl.'i... 17
S". Hill
ii'i.ai.t
le.'.i.s;
il...'":,
uti tJ.na.tli V(i
'mi. nt iimifi Ifl'.iifr. HaV'li
heavy yerlt. rp. M if.U
H
llpht yerltgrn
Pub. Serv. of N. J. Increaiti Rate
Xikt Vurl, Nev i- Ih'i Publla KerUre
iiua uticipreu u
aharn nti th.
toniiiieu Kteik, plnclnir It un an IS annual
bapla, J'ruvli'ua tjunrlrrly puymanta huva
IICMIpI ll'ielitH. . Ciniti-uilun ef Niw Jeraey
I, h, s ion,..ii tiuuritriv uiviuena et I
'v:..r..... ' .&.,, I in il n,,siuiH. i.ivu iM.cn ni ft jii.nl, mi
kit. ,',:,, A -T. I J Ul..,., mr t-r - k . .. - - '. ww v.,v . w. .
had. HiaaUy. Hhep. SS.aBl laM, J"fJ"' ( JJ!!-i!,""l,if,r,ti.
Ten its. ' . riv' , ueuniiewinntr i9.njf
m.-... -.... v v vnt- aa CATW.1S iwyabia en nema eatft.
Ka.t Huir-1. X. V.. Xev. aa.-ATM.K-
ts-iMr te' alSck of"'
aaiiur aiiarwn qi i
trap ulae UnUrail,
R. A. M. & Ce.:
We Recommend fr.r InveHlmtnl
the Fellmclnu Well-Setwened
Hendu
Suburb. Git Ce. of Phili.,5 1922
Georgia By. & Pnwtr. . . .5 1954
C.eriia Ry. & Eltc S 1919
Columbia & Menteur Eltc.."i 1943
fkarl.itoe Cen. Ry. C.&E.S 1999
Nerlbumbtri'd Ce. C.E..5 1946
Particular a Upen Request
Rtd A. Mrgan & Ce.
rmst-Kna Trtuuie,, l'hila.
We Specialhe in
Public Utility
STOCKS
American Gas & Else.
American Pr. & Lt.
Carolina Pr. & Lt.
CemVlthPr.Ry.aU.
Federal Lt. & Trac.
Kentucky Securities
NatienalPr. & Light
Northern Ohie Elec.
Portland Ry. Lt. & Pr.
Republic Ry. & Lt.
Tennessee Elect. Pr.
iib'it I 'illly llmikicl
Si 11 en llniui si
Gilbert Eliott & Ge.
Member dew Yerk StetkEiehangt
26 Ext-hanse Place, New Yerk
JUI, Jiuuliinj (ificn u'lie
E. IL Rollins & Sens
I'iii'IhIi'iI 1X711
Inveclment Bends
N21 Ches.'r.ut St.. fhiladtlpfel
P'.eili lnie-l 7,"'
tove,i i i' I'lir.' II ii -'nrrtl
lltiltiiiinr'- i iilniim .mi i 'hii.iwR
Tc.x ftcfuntl in Pennsylvania
The Fewer Corporation
cf New Ycrk
First MortTatreQVe'i Bendiffl
Due Nuventbsr 1. 1942
riirie Ot'iid art sccurL-J bv a M
nmrinni'u en Inrtime I e'lutlnj P'JP
erly v.iliifl nl mere 'hnn t'enblu tw
nmnunt t.i . lis nut Ihn '"", JJl
in u nm ,. 1...I for .it j prlc- W
i mere tli.in 1'kii.i' all murti'.t !
liuetc&t t 'itirfee
Price 100 end Interest
Te Yield
6.50
iJi'ai ijifcc
I'lilild' '" "'IC"J
.irajif'iwaiD'Mifiiii'jiiiiaiiivHiiiTiiiiaiiiiii'ni
COAlAlliRClAL AND
1NDUSTHIAL
Ueal Estate Mortgages
Negotiated
VfaRViLSON&Get
1817JWALNUT IT.
mmmm-y
l i'i
!
Pitti. Cinn Chi. & St. Letiu Ry. 3js
Wtt Jeruy h Schrre Ry. Cc. 3 Jt-J
Georgia, FU. & Stul'iern Ry..." S
' '. 111)
" . iaH
Rcckfcrd Electric Company. . .."K
" ii
Jebn Wanamaktr Cempany.
llrrlrir Ce. of N. J
Montgomery Lt. Waltr Pr. Ce.,
.14)
.Siltf
a we 'an a .
Lima tlcc. Ky. a Ligui 'Vtatt
Scranton Ra'lwayt Ce Cm "Ji
.Sjracuie Liiht & Power Ce... ',
Jr.Kn.lnwn Panenier Ry. 4W)V
Indpli. Water Werlti Secur
lake Ttherc Lleclric Ky,
a.litl
"i.ilD
take aberc Liecinc tty. y.tg
'-Valeric c. Cedar Fall & Nerlk. Silg
ilr',, T,i',, Te of Pilll...:E
Willi. ,.R.. A llarlticn R R"' !5
In.l rimk,'. A Fait. Tract... 5'"
Public Service Cerp. of N J. AH m
SAMUEL K. PHILLIPS.
' liMmwrm
4
zsUiL,
sv. :i?j r 4 .s
illi
iV.. u.n.M&if.
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