If
Itf ILLY, MOCK A CO.
.,3,
mm
JAMESTOWN, FRANKLIN
A CLEARFIELD R. R.
FIRST 4s
JUNE 1, 1959
PRICE, S3'4 AND INTEREST,
TO NET 4.82
fa
NEW YORK. CHICAGO
&. OT. LOUIS R. R.
FIRST 4s
OCTOBER 1, 1937
PRICE, 91 AND INTEREST,
TO NET 4.86
NEW YORK CONNECTING R. R.
FIRST 4'js
AUGUST 1. 1931
PRICE, 89 AND INTEREST,
TO NET 5.22
306 CHESTNUT ST.
PHILADELPHIA
E. H. Rollins & Sens
I'eiinilvil IXl'
Investment Bends
1421 Chestnut St., Philadelphia
I'lliWH' I M 1 I'D
Beilen ,Vi " VeW; WWm-lltirrr
Baltiinen U .m .si run .
, Tax Refund in Pennsylvania
The Dayton Power
and Lif?ht Corenanv
First & Refunding Mortgage
5r; Bends, due 1941
EARNINGS
(Year ended October 01, 1922)
Cress Earnings $4 454 Q89
OpcraMns E.peni--., ini-'ud-
InR MalnU-nanie & Tj 2 653.173
Net F.nrnlnss . 51.801,614
Annunl Int.-rest IharKei nn
Funded Debt Incl this
Issue 54S.60C
Balance ..$1 2S3.014
Net Earnings ever 3' times
the above interest charges
Price 93 J 4 and interest
Yielding about
li-
5.60
MB
Drsrr pt '
-,i
r-'
i!v
II
Hershey
Chocolate Company
1st Mortgage Sinkina
Fund 6rr Celd Bends
Det 1942
FREE FROM PENNSYLVANIA
PERSONAL PROPERTY TAX
The sole funded debt of
a Company with an ex
cellent record of earnings
ever a period of years.
Price te iield about
6''src
fie. -.'dp" en rrqi- r
The Nationality Company
Philadelphia 1417 Chestnut St.
Atlantic City Chalfonte Bleck
1225 Boardwalk
m
m
AJM
Ui?
i
m
We Specialise in
Public Utility
STOCKS
American Gas & Elec.
American Pr. & Lt.
Cem'w'lth Pr. Ry. & Lt.
California Ry. & Pr.
National Lt. Heat & Pr.
Portland Ry. Lt. & Pr.
Republic Ry. & Lt.
Tennessee Elec. Pr.
rub' ' ' 'i 1 1 ;,, -.v
' lit HI 1 'I i -
Gilbert Eliott & Ce.
Meirbet s Ntw Yerk Stock Eichtnje
2 Exchange Place New Yerk
Tel. Ueiellny u n n .u
'A
it
I
1
1-.
n
2 The price at which a
bend may sell is net
necessarily an indica
tion of its investment
value.
Within the past two
I years we recommended
and sold Lehigh Power
I Securities Corporation
! 6sduel927at.50peint3
below their present quo
! tatien.
We offer investors the
advantages of many
; years banking experi-
i ence and a practical
knowledge of security
I values.
HARPER &TURNER
InTtmnt Danker
0tmMtrr JAtteMpAHl SretA ArrAawft
I
Vh
!
.s crnrv FxaiANQt uuildinq
X) V. 1 A nt i
- - - -!' jit
UUAHANIEE
Tnut & Safe Deposit Ce.
, SIS aatl 310 Chttts-at Stnct
$W ' : ' EVENING -PUBLIC?
MARKET CHILLED
BY SLUMP IN EI
H-U.
2801
400
a 10
200
3300
400
200
101
100
50J
300
200
300
5630
100
200
100
100
SOO
1000
100
400
200
100
1400
600
1400
300
300
100
200
600
900
JOO
200
600
200
1700
100
100
100
800
100
100
100
1200
300
200
!00
400
100
600
13900
4000
100
Whole List Proved te Be Still
Highly Sensitive te Sell
ing Pressure
New Yerli. Nev. 20. The nft Ien of
today's Medi market dlselnfcd n IiIrIiI.v
, sensitive condition te M'llltig pressure.
I It started out strong nntl wns proceed preceed
luc I'lirmirnttingly with the recovery
which started .vesterday when It siis
(aliipd a nut 1mm severe I'hlll by reason
of ii fresh slump In tin1 Eric Issues itnil
'weakness in nil t lir lower-pi Iced rail-
toads. Kullles were Immedintel.v checked
mill ilii' Iltictuntlniis thereafter were
nervniislv in-ctfiilnr with a tendency of
' iuet m" tlti- action kmic te civc greutnl.
While the street wns aide te tl ml
1 constructive elements in the new dp dp
vclepments overnight, --fill It vvn.s ijlllte
-'enenilly recognized tlic prnepiltng
force of I lie recovery was principally '
the retreat of short- in the nrofessietml I
I ranks ruther than of outburst of huv- ,
i tiir either fir ilie profcsMeiial or out-I
-ule accounts.
In the carl' dealing tliere was te
lie found ample evlilence of centinueil ,
free niwrlng of tile short interest. At
i e iiii-i tune, tliere was also evidence
militating these interest who took ever
veil, aieeiints were nUn taking prntiis
hut we.e ellly selling Us milch stock 11"
i lie market weiibl take ami were net
pr-.-nu tnei temporary Holdings ter
sale.
As a rcult after the firt rush of
t'li- snri- tile tleliiailil and supply be
came nn el.v bahuiceil, but which left
tle greater part of the list In a .Miner
al le position te lie liNturbeil by jut
siicii an ilieiilent occurred in th"
Trie sli.ne. 'I'lie i'e,isni for the three
I. is.es ,if the Krle issues anil various
hoi I- being thiewn en the market In
large illume was net fully explnlneil.
In truth no r"iM)ii was given.
'I'l e he.ivv liquidation, however,
which ilrnve I'rie common ilevvn 1:l, 'e
H': the nisi preferred .1:li and the
se,(itii j nteireil 'JL, and severe declines
in the general mortgage 4s and con
vertible ,l's" induced free selling of
tl ther low -priced rails, pspeelalfe
i New Haven, li. and (. nml Wheeling
i nml I.iiIm l'rte coiuinen. It subsequently
unsettled the whole market. When the
list gave ii;ns of -ileldine soft snots
crenpcii "it with surprising rapidity in
it.iTeretit s.-tieiis of the list.
Acit, weakness, fur instance, !
velinl in the e.pres shares with
Ad.iMs i'.pres dropping " points dps
P"e tic ri-sinnptien of dividends an
"i inn ed : ivtcrda.v . Amerlnin nml
Wi"s-lm't" were deressed 1 te 2
p.i nts. l'igsl.v Wiselv ale had n bad
sii ki u spell hut by neon the whole
s nl .irket was headed downward.
Commodity Markets '
700
700
evJU
300
500
6900
200
1600
1400
900
1100
500
200
800
200
G700
300
500
800
100
100
700
200
1100
500
1200
300
300
GRAIN MARKET
tbicace. N'i'v. 12. Tresli upturns in
' lines in wheat took pin e today
1'ir.i'g the early dealings, unfavorable
harvisiiu; conditions in Argentina being
v i .if, nil ami the Liverpool market
si. .wing further gains. Upsides, new
iv rt business, by way of the Gulf
nf ' Mexico, was noted ' Hulls niadr
,iplt:il, tee. of assertion-1 that, al
t "Ug!i the demesti.' winter crop out
'in', had been lulped by recent rains,
'i- icr-'Mge a, likelj te prove the
sin, lest since 1!1(. and the conditions
n r.. lined low in the December Uev-
nm.ent teerr.
Tie opening, which rangnl from l,c
in i' higher, with May .?l.lrt te
l lii' and .lulv ,1.07T te .?1.0s, ivas
100
300
200
400
2300
2000
500
400
400
200
4200
500
1900
400
tee
2500
200
100
100
3300
2300
500
1 1 700
1500
3500
100
1800
3400
1700
100
1500
900
1400
100
200
100
2900
200
200
10
300
1300
31500
6700
41 CO
103
teoe
500
400
no
100
100
8000
1200
400
1400
100
6600
1100
100
1C0
100
800
2CO
2100
1000
100
100
200
1200
100
100
530
3900
130
100
100
100
600
500
230O
200
300
1J0
100
1000
700
.100
3 00
100
,'00
jOO
U31
400
100
400
200
1100
4200
1200
100
2100
:., inwed bv material further gains.
i'wii ami eats v m pat hi zed with the
'. !', iii'iutice. After opening un- i
ilnngi te '..e higher. May THe te.
7iiij. , the rern market sagged a littl
. i tul then scored a moderate general up-
t I Ml.
lists 'taneil 'iffi1''' off te ie nd
v.i'ice, 12Tc te -l.'lc. Later all deliv
. ' ,es veie nliive j esterday's tinisli.
Ilicher ipmtaliens en hog- gave ,i
'. tt te previsions.
i I'rrv fiete ripn 1 P t
Tl'. Tt', Tl's Tl'j
v . Tn' Tii. U TO'j Tuv,
J a , ilOS i.'.i3. iiO
V I' eat -
1 ITT, 1 '.s' 1 is,
1 1 lit', I HI'? I IT
j i 1 0T, 1 0T- li I " i fit',
i ' n1, i3' 4.i',
M. : u n n 1:1
J. 31 '. 11
M.i " s'.'s s;i,
U ' te ;.' 1" "J
Mi t ,t, i" 4" '" :i:
COTTON MARKET
New Verlt. Nev. l.".l. The enttnn
urirket wn- steadier this morning at an
adv.inee of 1 te s points en first s.iles. ,
(lulling-, were net large, consisting of i
senttered trnde and Liverpool buying
en the one hand and Southern and
New llrleins selling en the ether. I
Tie -t l.i'er acted tirm and nd- I
tih si ,,t,D it l.'i points e,..r jn-f ulglit's
, 'os. . where it met ciin.slderabli' reuliz-
' .. !- - .3'u . i ; ;", .- i j
i ii j.tr -" -il n -' -" .tii
Mri'i ." if'S ft -' -t' .' -1
vi., . . .-. ..it. J . :u .-. r,
' '.'4 IU .V "t s-,
. ; -.- . 'J3 in ..( 3. .'Is
1 I wle.
s ill Hal
NEW YORK COFFEE MARKET I
New nrl. Nev. L'!i. The eeffi.e
fut.ris marl,! wn, virtually neglected
,ii i'iii -ta-f ti - mern.ng. first jiriee
beint' 1 jmin's ImiiT Willi 1 1 ans.ietletls
is t titieil in Ma iiuitraets nt ! Hi
?" ( , i i.n i
r.i-m'vr .. . 1' '.ffiiV li tiiif in fiv
vi ,r n . 'i ii'ffit: ri ii i ft if.
vi ,. . . . 'i a i !r t' a in i :
Tu !i )'. fluT 'i miBOJ j
.'Hru!,iT - ,i ji,; .',3V4i
RAILROAD EARNINGS
VVI.sr Jl.lis-j-.v ,VMi M.ASI(r,nn
1122
:i in, nij
In rii"
J.i hnr srres.
1 l dflf-P Uxis
I ... r tx in iim
I Tit mi nihil' resii
l i afti-r t.ix'rf
I .'- i m r .n n
'l(I"l.ls '
1 e. I ii,r zr i
t r , ' v.v r .
I .i ' Jin"
'lilt jr ,i
, -. it , y riv
- it ilii
J I'M 'III
i u ;u
i i:. iT'i
l V. ii.M
i.ilil s u
illi.Si.l
J-.:, rii;
. ii it ir.
: jh'i in
i 1 1.: i'l
ii :-.t 3i T
T il-'.i l"i
iit i:
ss 'i n 7
12 n',, in.'
I HT .'T'l
t Jt I -1 1
'.Ti V l I KI!
IT li T i'W
4V
1'
iJT. 1M
i'l l.'T I
1 SI J -,!,
BANK CLEARINGS
l.n' rar.r
t .In ' itii nw r i i I'h rnrr
tMll'illlkr
My . i ,i i jiht.
tn.' rill I'l'i
til ii n 'nVO TT fieu nei ,, n7' ie,(
.'.3 Oi 0 Irim ;, r.iin mm i", .ill i,
) l'h i
li si I.'
Raw Sugar Moderately Active
Sf Yerk. , -i, '."- n rn fi.rf.ir
market In flrl ,i.if.. i,.l sirc.nir with
Cub.is for Iwifmti nhivilii-ni innuM al
I cent -i . .t .,i .1 friti,'ht hnl (or Jnnu
iiry r'eniint at II. i-ntj. nin -mil frmrlit
s.ii iii.rit.iv itn.i'l-i S.v mil hv lnjj
,1 irjii iCmk 1 ,si lirt't .f Junii.in si. (
mini iir a't i.-iils hM ., ri.l f r"i;li h
an i,ii,Hiii i 'tin. r ,,i I li! ling's l uba"
...I... i it. I . ..r ittitit slilnhii i.t u, I is, , t u
lll"4i i 4 i 'ityii- "HM'ii" in ' (i - .
av, .uniri, iik'jI'iI il.'.Oli baa I
IIJ.ii) l.w nn--ii-la- te th,. I
iihs ilp.-turel
an'l
ri -i i ti'
nn-; ". - '''. iii("j "in i-ti'-i-" ,...: i.-- ..-.., ..u, nut iinnnin. . 1.. .i .u a hw
..... a.iia., i(nt nn i . ,m . i. s ..,.1 ill ia iinat-it-u iu:Liir, i -i,s--(r. u i i ii i . r , !-, . . - . . r.r t a ifr t i
t.an- i utaH i.il in the trad. 'Hi- t- -''. "' ''V,.; in f- i.r.Vl It '.i --ifrVelpiY. imi htiul ,si.ily. Calv.H. re
mil r-lli'l ' M Is mt..-.r..y aetlv. ''.''l"I'11 ,'"':: f.inlftfr? ''. "r. ."j'-l ,..-. Hiuli-a.l UK l.lBl.-r, I5lll
VaS-- "' r" ' 'r' .'. rtt" .""" J 10 tn I '"". l.J'.f ..V.I. .,,. I ,i'.,r JrTJ . IflS- lie. e.t-tl.. JMU0 l.;.S . 100 te..S0
-. - 'i;x. "?0z ?v,f ,,uvv wrve!- Kri. a ,u,5tfuJi
I U.,ln nflnnlnn RMIimM n uM.nH Otter reP. "' ll'U'r. i;"iin. ih mi kin-rn ASJfl I 4MIIK lerc tit.. H0O
,. rk. Vi., 'Jll .Vulran lletliinlni; ... lar.ey iifti. tn file lUller alerkrrtl ""'' ''"'nllj. IDl llln-ir. .us.,
i nuurtrr y u v e-ml fit l"s
jvrr cent un prefi'rrcl uinl l1, it crnt en
ITf'errtvil A. both iaabla January in tu
sleck of r-eerd January V. Action un
aim,- Ulvlilands wa. dtf.rr-4 In March,
itai.
Ietwe
:ki,
- ."
75
NEW YORK STOCK EXCHANGE TRANSACTIONS
Ont Afttrnoen Rtpert In PhttaMpMm Qmeting Fmtt Lht
Dlv.
In I STOCK lTtKh
4 Adams Impress 70j
I Air Reduction .... 60
Ajnx Itubtier 1l?i
. . Alaska .lunp.tu (I M. . 1
i Allied Them A Dye 70H
4 Allls-rhnmlers .... 42S
Am Aprlis Cbeni... 30'j
.. Am Agrlc Client pf. 61
I Am Hank Nete 87 li
,. Am licet Sugar.,., 40
tl Am Ueet Sugar pf. . 80
.. Am Itescli Magneto. 34JJ
4 Am M Sh Pdy new. 75
B Am Can 70 li
12 Am Car & Fdy. .. .17814
.. Am Cotten Oil.... 17Vi
8 Am express 1 37
.. Am Hide & Lcath pf 64ft
7 Am lee (03
Am Intermit Cerp.. 28 H
1 Am La Trance ling 11 H
8 Am locomotive ...119VS
3 Am Metals 46 H
4 Am ltadlater 114
5 Am Safety Kaser.. 7
.. Am Ship A Cem.. 20
. . Am Smelt 50Jj
3 Am Steel Peundrlet 43H
.. Am Sugar ltef 734
7 Am Sugar Net pf..108
Am Sumatra 18 U
! Am Tel & Tel 122'i
12 Am Tobacco 153
12 Am Tohacce n 152
.. Am Writ Caper pf. 27 U
7 Am Woolen 94 ',4
.. Am Zinc Ld Smelt 15
. . Anaconda Copper . . 47
. . Ann Arber pf 31
1 Art Metal Const... 15'.,
.. Assets Hcnllzatien. 1 li
4 Asse Dry Goods... C-8"sj
6 A.se Ii floods 1st pt 834
7 ilne D Heeds 2d pf 88
6 Asmq Oil 114
6 Atch Tep & S.in Pel 00 H
5 Atch Tep & S V pf 90t
. . Atlan Hlr & Atlantic 2
7 Atlantic Const Line! 09 H
.. Atl Gulf & W 1 S S 25 U
.. At r, & V I S b' pf 19
.. Austin Nichols ... 30',i
7 H.ildwlti Locemotlve118"s
.. Haltlme-e ft Ohie.. 41
4 Haiti & Ohie pf. .. 58
.. Rnrdsdall Class A. 29"
.. Harn mIh 1 1 nam n.. IBti
tits Net
P. M. Chi.
65 - 514
T.nw
65
594
11i
1
69 X
4214
301,
61
07 ti
40
ee
34l(i
74i
691a
1781i
17 la
137
(54 H
102li
27 H
11 H
1182
46 H
114
6i
19?'.
50 li
43 li
73'i
108
28'i
122
60 ? -1-11
1 -7014
421, -30
-H
61 -B7'i-40
1
80 i
34 li I
75 l
694 178 li 1
17 li t
137 -
la
2!s
1
3
H
1
li
114
54
1H
644 1 1
103 1
27 -!
11H f
118li
46 H 1
II b
7
20 b
5014 b
43H b
73H4-
4
Ti
114
"la
14
i
li
108
28U-1 21i
122U -r
1511a
152
27'i
'31,
14',
6?e
31
154
I'b
68'b
834
88
114
994
90
1's
109'4
25
19
30
1168
40 'g
58
291.
18',
48" 3
t?0'4
95
6',1
44
144
12 5,
139'i
7'a
28
18
7-,
79
r6'a
9.4
140',
3
30
33i
71 '2
:-8i
60',
66'a
lOI'j
3'i
27l
"91
T2'2
35 li
82
32ti
e4l,
94 ,
26i
23 i
76',
25',
432
99 's
2'i
67 U
1 5 '-2
IM'a
eei
2".
12H
101 "2
126',
120
462
61 1,
24
99
131i
38 '2
25
22
115Ai
130
84 H
16 'j
23
54
87
0 J
1?
9 2
:s
fQ ,
1P4-,
1 ' .
"
cT
'"2-4
7t
S3 i,
1-7',
10".
'3 4
9,
95 S,
5 'i
30',
24
i1 1;
30 S
Mi
14H
42S
71',
81 tz
15'i
64 'i
23,
XH
4
108
15
32 ?i
151 H 1
152 4.
27'i
93g
15
47 4.
31
15W !
1li
68 !i
83H-
68
114
IOOI4 4-
90SJ4-
'l?i
109i 25li-f
19
30H-f
118 f
41 li -
V,
Hi
58 - li
29 "-4 - '
191i- li
48 li- ?4
60 '4 -i- H
95 li -r 14
61 4 - li
4; .
15'i 114
131 -F H
1394- li
7 H ?
28 ?i
182
4Sc Beechnut rncUln-f. 48Vj
5 Bethlehem Steel ... 60 M
T Beth Steel pf new. 95 li
5 Beth Step'. B 62 li
.. Beeth Fisheries ... 5
.. Bklyn Itapld Transit 15 li
.. Bk'.yn II T ctfs.... 13li
10 Burns Bres A 140U
.. Butte Cep & Zinc. 7
.. Butte & Sup Cep.. 28 Ij
.. ButterlcJc Ce 10U
.. Cadde Cen O & R.. 0
c California Packing. 79
.. California Petrel .. S9i
7 California Pet pf .. 92
.. cal Zinc and Lead. 7J4
10 Canadian Pacific ..141 H
.. Case J I Plew. ... 3
.. Case .1 I Threshing 30
.. Central Leather ... 34?
.. Cen Leather pf 71 Ji
.. Cerre-de-Pasco .... 39 li
6 Chandler Meters .. COTg
4 fhesapeake & Ohie. 66 U
6Hi Chesapeake & Oh pflOl H
7',
79 -EB'i
92 1!i
714 ..
140?i
3
30
234
7l'i 39 -60',
-
6'i
101 14 4-
. . nicage A: Alten... :
.. Chicago & Alten pf. 3s
.. Chi & V. 111 J7U
. . Chi & i: III (new) pf S2v"2
. . Chi & Gr West pf . . 9i
.. Chi Mil & St V T3li
. . Chi M & St P pf... 35?,
5 Chi & Northwestern. 82
.. Chi It I & Pac 32 U
6 Chi R I & Pc fc pf 85
7 Chi It I & Pc 7 Pf 95
. . Chile Copper 27 'i
. . Chlne Copper 23 H
C Coeo-Cela 77 '2
. . Cel Tuel & Iren... 15'-
3 Cel & Southern.... 43'-j
C C'elum Cias & i:iec..1C0'5
, . Celum Ciraphopheno 2 5
6 Cemput Tab P.cc... 67 '4
. . f'enley Tinfoil I5'i
8 Consolidated Gas ..116'j
. . i'eumuI G f N V wl. 61 i
,. Cens Gas rts 2'b
.. i'onel Textiles ... 13?j
. . rentmrntal Can ...102n
4 Cern Products Rer l?9Ji
7 Cern Pred Ref pf .120
4 Cesdcn & Ce 47
.. Cruclb!e Steel 62 14
.. Cuban Am Sugar... 24 S
7 Cubu'i Am Sugar pf 9
.. Cuba Cnne Suear. . . 14'i
.. Cub.t Cane Sugar pf -9'4
.. rtivlsen Chemical . 27'
.. Pebeers C Mln Ltd 22
!) Delaware & IludbenllB1
6 Del Lack & West... 130
.. Detroit Edisen rts. . . !i
5 Kastman Kodak new 84 i
3 Klee Storage Bat.. 56 J8
.. I'll, Hern Ceal.... 23
LmerHen-Brantlng . 6
0 Lndlcott-Jehnson .. 87 '
.. Erie 10!-
.. Krle 1st pf 15
. . Krle 2d pf 1 1 ?i
3 i:ehange Buffet . 28
S K-irneus Players L. 90 'i
10 I-'ishcr body 167
214
3' .
2714
r
22 li -35
'i -82
32 V- ,
841,
941, J-
27'i 4-
23'ir
76 li
?i -
100 -'
ZH i
67'i
1 5 li
1?5
604 -2'i
124
101 -j --127,-120
46'2 -62'j-t-24
i -99
-t-14
-29'4
r
27 U -r 2H
22 -113'4
i
130 -
84 St
6 r
87
9. -
14,
10 -28
90 -
167
4
Kisk Rubber . . . 1 1 H
II,
19H 69
1024
43 f
.. Kreepert Texas ... 19H
3 Gen Arn Tank 69
7 Gen Am Tanl- pf..102i
. General Asphalt ... 43 1;
r. Gnern' Asphalt pf. 75 lj
6 General Clear .... 80
8 Gni r.lectrlc 178 It
. Genl Llec special pf 10lj
u General Meters 13'j
7 G-n Meters .Jeb 7 S8
.. C.lldden Ce 9'i
7 Gttibl Bres Pf .. 95 V,
. Geldwjn Pictures... 5'i
. Goedrich B V 30',
. . Granby Mlt Inc ... 24
7 Great Northern pf . . e2'j
3 Ort North Ore ctfi 31
.. Guantanamo Sugar. 114
.. Gulf Mobile & North 14",
.. Gu'f Mobile ft N pf 43
.. Cuif States Steel... 73
7 Hartman Cerp .... 81'
.. IlemUu Mfg 16'i
. . Ilou-ten Oil C5',
2 Hudsen Moter Car. 24'4
1 Hupp Moter Car... 22 '
.. Hdraulc Steel ... 4
7 111 neis Central .. . .IC8
.. Indlahema Ref 15
, Ir.splratlen Cen Cep '-A
Intir i'en Cerp... ,
It ter Cen Cerp pf . i
;'-j Internet Cement . "54
Inter Cem Eng. . i3'j
6 Int Harvester new 100
, . liter Mer Marine . I' t
6 Inter Mer Marine p 49
. . Intur Nickel M -,
ti Inter Nickel pf . . 70
. International Papur.O',
li Inter Paper pf ' ' n
.. Inter Rapid T. -in 19'8
. . lnvinclblu Ol ' eip 14' ,
. inland Oil . . . 'j
. . Kan City A Se r'i 19 H
4 Kan city A Se i? . It
Kansas A Gulf 2'n
.. Knvser & Ce i'.. 41 5n
. Kelly-SprinrM .d .. 41
.. Kennecett '"epper . 32 '
. . Koyntenn T .v.- It . . 6
.. Lake Krln K. Weat.. 31 'i
S'- Ixihlgll Vahey 62?,
751, 4- 1
80', r ',
177'j - '4
10U ..
131.4 .,
28 Ji
9'i ..
95 Ji -
514
30 li 4
24 01 14
304 f
11'i
14?j -
43 -f-73
-01
'5
16!i
64'j -24
22H-
4
108
15
32!i
'8
3'.
23'j
100 '4
48 'i
14
70
49
71 ',
19
If,
?S
18
34 -
23 li r
1 00 1 , -j-
11'.
48 'i
14U
70
49 J
711, -19',
-1414
I
i
18
i -41'.
I
41 'j
40 t,
32
64
31 li
62
te 74
32 'i
64
f- 1
3Uj f
62 -
LIVESTOCK QUOTATIONS
' 'I wiynil Auisint
iinnk. Ill.rf.1. r,i
rhlciie Nev '-' II' ' Ileeipi8. 24.- n y, limvy fat mm uiijiiihI I.' lla-IH'ir
eiin t .u1 .Vl.vrkei in. i ..i r imili lv uii.ihi uiiw.iril m J 7 .Mi raid t-rr me iluK
UW) i' 'JH'I avtrBn'" "SiU"1."i ihel J Pi of loe pumel rnl We-tern i. v.
i i L'Tj tuuri1 1-uts.h-r- I- In liu'elier le. i
Js I i run nn HI I ' m I nrm, ! "i0 Plitsliiirall. r. Nev 'J9 llOdn lie-
. ai IdlU iii, 'T.l.is l.mr.ililf I UH. rupla. Hull liiait llUlier Krall" s.s..
jsTJjs.'.e hea.v "- Js.'i'1sil, me i ens lid heav, verl"'r lulit jurk-rs ami
diiim l SilO" '"' .''' 5(1 Hunt . i,ik' l'i .'l.'i II H :,D. t .
Is Iik sa.Mrttfiii i, hi ,, niuinih MIHEl' AM) t.AMIIM ln-elnt. : 1100 head.
Hi US ritOKinK i liiiii, ll .i.wi i in i niisui i-h."-ii
,,'.' ,,,. , . ,. ,,..,,
ri.L"n.''IP''uli;iib'"t'i
I i si. i.n
Ivilllnj ' fop. I IV.
feilera aleinl, le "Irnna
l.'.WO hPad f'liuice i fiiat St. Mill -
" . I . .. ..A.s
rllllil-l in i Piinn
fn, Inmba active.
lij ,i..u nianr ill '"'P1- .."'""
sradfa lei
ear v ten. iie,.'.i n 1 limner . uuhiiij
- ri. ilR.m In nirLirll 'r.ah allBDaal I llTTIia.7a: llatlt
pound fil lambs. It.l.i'S; four
- - . .i3.i:... '..... v.:.-.- jv.r.r.- :; it-inrnei,
iinuuiis, u L ariuvu "itsivi
LEDGER-PHILADELPHIA, WEDNESDAY, .yeyEMBEB'" im?. W- 'i r ' ' S ' S -4
Ulv.
tM III I 8TOCIC ltl1l
2300 4 Lima leemntlvn .. 5?i
Lew
54
18'4
1S9
54
9014
103
284
324
43
80
504
43 li
69
3014
26
53
4114
13
162J4
17
2i0
16i
16
254
1114
28 '4
6
8114
1514
3914
33 '4
1714
43
2014
16
1014
E25
35 H
6214
114
111
li
li
li
la
?,
?i
600
1. Loews Tne 18,
7 Loulsvflle A Nash.. 129
. Mack Truck 84
7 Muck Truck 1st pf. rOli
7 Machay Ce 103
. Mn-tmn Copper .... 28 H
. Mnlllnsen Ce .... 3314
. Mnnnll Sugar 43
7 Mnnntl Sugar pf.. 80
4 Matihnt Elect Supp. 504
.1 Manhat Shirt 4414
0 Mar St Rwy pr pf . . 69
Mnrlnnd Oil ...... 3114
2 Martin Parry Cerp 26
Math Alkali 53 H
. Max Meters Class A 42
. Max Meters Class B 14
7 May lpt Stores pf 16214
1 Mclntyre Mining ..17
200
400
200
400
300
2100
500
300
100
200
100
130,1
100
1700
500
600
200
200
600
3100
1300
H
li
mx Petroleum ...zzz
2 Mex Seaboard 1714
2 Mcx Seaboard Oil ct 164
100
s Miami Copper 254
5300 1.20 Middle Stales Cerp 1 1 ?i
2000
., Miavnie Steel .... 29 li
.. Mln A St Leuis.... 6
4 M St P A S 8 M pf . 81 "4
.. Me Kan A Tex (wl) 15H
.. Me Kan a T (wl) pf 40 ?i
. . Me Knn A Tex 1st pd 33 14
.. Missouri Paplfie .. 1714
.. Missouri Pacific pf. . 4314
.. Montgomery Ward. 21
1 Moen Moter Car.. 164
Mether Lede Mining 11
16 Nash MoteTs 525
.. Nat Biscuit wl 36(4
Nnt En & Stamp. . . 63
National Lead 1144
7 National Lead pf..1H
. . Nat 11 R of M 2d pt 2H
.. Nev Cen Copper. . . 13J4
6 X O Tex A Mcx... 82
N' Y Air Brake.... 27
..NY Air Brake A'.. 47 li
6 N Y Central 93
. . New Yerk N II A H 21 H
2 New Yerk Ont A W 21
.. Norfolk A Southern 1314
7 Norfolk A Westernll21i
6 North American ... 88 li
6 North Pacific .... 7614
"4 NttnnallyCe 11
.. Okla Pred A Ref... 214
.. Orpheum Circuit .. 20
.. Otis Steel 6?i
.. Tacknrd Meters.... 18i
6 Pae Gas A Elec... 83 li
.. Pacific Deve! Cerp. Hi
3 Pacific Oil 45!,
8 Pan Amer Petrel... 92
8 Pan Amer B 8914
8 Pennsylvania R R. . 454
100
tee
2500
900
100
30"1
1600
1400
1300
1600
10
2100
600
200
100
200
100
100
330
600
3000
3100
200
100
IC0O
100
2000
100
800
300
2700
300
200
1200
6103
22300
15933
2300
1800
100
2900
300
3100
300
403
900
100
200
100
16400
200
H
S
2H
1314
82
26
4 6 '4
92 li
20 H
20?4
1314
1114
88 ?4
7514
11
2
194
6
18H
G3
Hi
4514
89
871i
45i
31i
91 li
30 '4
65
43
96
39 j
10 V2
25 li
4J4
41
42
56 i
19
7614
3914
964
106
K5
47 li
27 ?4
118
12?i
753
51
5014
32
214
44 '4
e3
15
624
13
5214
214
374
311s
84
2
5
74
794
3514
31 li
84
40 la
89
874
224
62
16(i
1344
112.
191 li
1171i
75
5914
57
54
IIBli
74
4
14
8'i
46',
624
20.i
194
16
3214
E3
7914
11
32
67
15
1 39 14
74 54
33
11!i
694
23!i
60
5
184
61
85'4
1H
4914
95 li
1004
12114
58
61 14
164
3314
2414
1514
82
1414
8?,
24J4
89
112H
Ilii
I5'i
5514
tR
814
1514
32
48
4
10',4
5 '4
35
212
li I
I'enn Seaboard steel J-!
E PeeDlen Gas Chicago 91 li
. Pere Marnuette ... 31
6 Perc Marq pf..... 5
2 Phillips Pet '4 '4
7 Phillips-Jenes pf . .; 96
3 Philadelphia Ce ... 39 '4
. Plerce-Arrevv Moter 1014
. rierce-ArnwMet pf 25 '4
. Pierce Oil 4?i
. Plorce Gil pf 41
4 Tlggly Wlggly Ster 46?,
. Titts Ceal 564
Hi
3'4
H
1",
400 14 Pend Creek Ceal... 191',
100 .. Pressed Steel Car.. 76 !s
2600 .. Producers A Ref... 4014
100 8 Public Ser Cor of N J 96
100 8 Pub Scr of N J pf1C6
800 8 Pullman Ce 126
2000 .. Punta Allegre Sugar 47 ?i
3600 2 Pure Oil 28 5j
100 7 Railway Steel Spg pf118
1200 .. Ray Cen Copper.. I3!4
5400 4 Reading 76 Ji
200 2 Reading 1st pf . . . . 51
500 2 Reading 2d pf 51
100 .. Remington Typevr . 32
800 .. Replesr'p Steel ... 22
2000 .. Repub Iren A Steel. '54
100 .. Republic I A S pf. . 83
200 .. Reynolds Springs.... 1514
2100 3 Rej nebis Teb B.... 62',
20OO .. Reht Rcls A Ce... 14
8
'j '
li!
ii, ;
14 i
li
i ;
!
1800 4.13 Royal Dutch N Y.
1Q0.1 .. Rt LeuIh San Kran
i-4
2li
1600 .. St Leuis S Kran pf. 29 li
600 . . St LeuLs Southwest 31 i
1 200 0 St L Southwest pf . . 59i
500 . . Saxen Moter 2
H
4 1
'i
i '
ti !
400 . Seaboard Air Llns
100 .. Sab Air Line pf.
74
81
3514
314
8'i
2700 . . Sears-ReehucK
100155 '4 Shell Transport
3100
2100
Sinclair Consel
. . Skellv Oil
100
100
1400
1200
500
200
103
3300
3103
900
103
103
300
2930
19103
503
200
400
200
2200
3900
500
1400
100
4100
1800
3100
1600
100
200
1700
2900
100
200
100
3500
400
100
600
100
2900
203
100
1500
300
17600
400
100
800
103
300
400
100
100
100
200
1800
403
100
300
300
100
600
800
600
1400
?00
703
J00
100
1100
100
200
400
100
1U0
. . Kn Perte Rice Sugar 401i
8 Se Perte Rice S l)f 69
6 Southern raelflc .. E8
.. Southern Rail 22 li
3 Southern Rati pf. .. 62
. Splcer Mfg 16!i
5 Standard Mill 1244
4 Standard Oil of Call 1 4
6 Standard Oil of N J194
7 Stand Oil of N J pfHB
7 Steel Tube pf 75
3 Sterling Products .. 59i
4 Stewart Warner Spd 57
4 Stromberg Carb . . . T6
10 Studebaker 119'.
.. Sub Beat Cerp 74
. Superior Oil 4'i
.. Sweets Ce of Amer. 1 '
.. Tenn Cep A Chcm.. 8?i
3 Texas Ce 47 U
5 Texas Gulf Sulphur 63 14
.. Texas A Pacific ... 20
1 Ti t & Pac c A O . . 20 H
.. Third Ave 16
3 Titnken Rell Br 33
.. Tobacco Products . 534
7 Tobacco Pred A. . 80 (i
. . Transcontinental Ok 1 1 li
2 Transue Wmrt Steel 32
C I'nlen Bag A Paper 67
.. Enlen Oil 15'i
10 Tnten Pacific 140
4 I'nlen Paclfle pf ... 74 J i
2 United Alley Steel . 3314
.. United Rwy Invest. 1114
.. United Retail Stores 704
.. UdCIP Kdy 234
, U S C I P A Kdy pf 60
..US Keed Products 514
.. US Heffman Mach. 184
..US Ind Alcohol ... 62
6 U 8 Realty A Imp . 85 '4
.. US Realty A Imp rts 1 "4
. . U S Rubber 50
Il'S Rubber 1st pf. . 93 li
f, V S Steel 101 ,
7 U H Steel pf 121 li
3 U S Tobacco .... 58
2 Utah Copper 61 li
.. Utah Security ... 164
.. Vanadium Cerp ... 33 H
.. Va-Car Chemical , 24?,
. V.i-f ar Chcm B .. 15'-
6 Va Iren C A '' pf . 82
.. Vlvaudeu 14 '4
.. Wabusli 9
. Wabash pf A 244
5 Wells Karge Lip .. 8914
7 Western Elec pf. .1124
.. Western Maryland. Ilii
.. Vstern Pad flu . 15
C Western Pac'fle pf. 551-
4 Westing E A M . 58 J
.. Wlicdlng tM 9I4
.. Whee.lng A L L pf 16
2 Wl.ltn Eagle u'l . . 32 'j
4 Wlilte Moter . . 48
.. White Oil Cerp .. 41,
.. Wickwlre Sptn- Mil 10' j
. . Will vi Overland . . 5'i
. . Wilsen A L'e . . . 36 1--
8 Woolworth K W .212
7 Woolworth K W pf!25!i
.. Werth Pump AM.. 27
fl Werth Pump H.... 4
1 Wright Aero 10
' t
3'i
i,
1.
' 1
i
',
H ,
1'j .
2
1;
'J
2-r;
ii
114
i
1
125',
27
64
10
Ux-dli.tatr.iia.
iliem Innil". IM f'fOe'
nrlv K-lM vri-l't. .tLOIJt
fellnw elt jearllnirn, I :. .,(i5J 7 .10: iimn.
M ,.' '1 . l"nmu lnill $3. 7.111 I .10, can.
Iiert; I. ' I." li j s.i, atucki-r Miera HlMtdl.
Itt-KJs t. ,,vu. f.'. .100 V,n heIH,
men., r, te jde lilulir, top. s tin paid
for le.'ti iihiLiniic riea,. ten hut.'hrr.. th -...
I'lStli. ,:" .i."'"?'.1.,"ni1 .JP:,.
US" itiaii'iTai.'fSw .".T.. it Se.' p",K"'Mnit .r. i-niiiiH. ri.ii.Uh de.'linc.I .1 am!
Tei,l''i:Lr,,,,hJt';:,,'l,!l,,!i,h!.'r'.m ,'i7.!,, H'-'ii I l'!i"a"l"" '""I .liiKe-Slaylan lest
IH i-ik f Miniia. iia..vrwii.' "r,?i ". liV'iiit. or iiicreaiieiits. Austrian
-lt.tlpt.' no 'h-j'i .stcaJy.
r ii, esuiu.. ii-iiv
fl" 'JI l- I
IlKlit ewe., til,
Chile's Trade Improving
SiintlHKK. t bile, Nev Sft ilHiier.il liim.
ni riiiilintitin in rnile durlr.s thu Uat ilm
munllip t a Ml-v-d, bavf alinwn mine
Impinwrr.ent ever the tlr.t nx inmiiliK nf
the jK,r .-iltlieuali busltina haa .en dull
Mtrate sale, iilnie July 1 have nineuiiii-il
in ntiii'ii l ine iieri tnnn nf whl.li n.iii.eiin
IIHIM Hire HlllH.i'd llxperlH of iiIiii.ip in
Ortelir inn lunli'd tn uiis.oeo tena and heiiiy
ulilpmiiiiia te tha I'nlteil ftutea and Kurni'i
are I'lli-eteil In Dis.ainla r ami .lui.. ...
re Hlilu.i'd llxperlH of nltiule li
inn lunli'd te jus, ime tuna and hmni
la te thH I'riUM Hmtea and Kurnin
i-i'led In DrcmnlH r and Jmiuars
11 pifhuliirs i.SMruafc.l .,-.., .., ..,
, III.. N?v rtt ? ,1.'.V'
I....J 1 S.4&. A V fllalMl-aa n
J.1'"' . '. i..Su. ."i..:,i-
iiinimni "".-". ."
Amnrlcan rihan iivraseil
VIIINIi
te TSa hlKh.r rrnta in Nnembr. cemnarail
i uth,r elMita ataadyi bulk. In Nm-mb-r. 1021. and 14
ihr -i
stiiisi - -
LOCALS DUUtSUT
BEnER SUSTAINED
ttir. Net
p. M. Chat,
554 1
I814 14
129 -f
54
90J4-
103 .
28
3214 -t-43
80
S0
30 '4 -26
f
53W
4114
13
214
"
" H
H
1
Buffalo and Susquehanna De-
clat9s Special Dividend
of 10 Per Cent
Holiday Influenrcs nml the fpvrrlsh
inevcmrnt of the New erk stocks com
bined te reduce the volume of denllngs
in the lecnl market today te small pro
portions. The tone of the murker: com
pared with nome of the recent sessions
was Mendlcr. Prices were better huh
tnlnpd with most of the mere prominent
lecnl rslinrrs scoring nubstnntiul frac
tional gains.
The greater nnrt of the Improvement
wns mntle in tlie earlier proceedings nn
tliere was netlcenbly slackening of
operations when the break in the KricH
upset the bigger nmrket. Thp miirket
was found again te be both thin and
narrow, reflecting n complete ntatuice
of Initiative en (he part of the lecnl
trading contingent.
Lit Brethers Meck enme in for un
usual attention by reason of nn advance
of 10 points from the Inst previous sate
te 42 en transactions of 800 shnres.
Progressive advancing bids yesterday
fulled te bring out nny of the sleck,
which wn te he expected, in view of
the 100 per cent sleck dividend, which
Is te be given te the stockholders this
j par. The Meck, furthermore, appar
ently is closely lipid, and only en rare
occasions makes its appearance en the
tape.
The Improved tone wns perhaps mere
H
14
'4
'li
16214 ..
17
220 - 1
174 H
164 1
25 H
11
I
2914- M
6
8114- 8
15H H
4014 1H
3314 14
17'4
43 - 4
21 14
16H
10?4 ..
525
3614
6214-
114
1111 -
2H
1314
14
14
'4
194
14
H
li
74
14
14
4
14
82 -
26
1314 ..
1114 ..
88K- 1
75'4 ..
11
214
194
6H
18H 83 '4
114 ..
..
88 H
4554
314-9114-31
14 !-
noticeable in the utility group because
of the heaviness of these shares en
some of the previous sessions. U. O.
I. advanced (e 4814. a half point
above fast night's closing and 1
points above the low made en Mon
day. Fractional gains were also reg
istered by the Philadelphia Electric is
sues and P. It. T.
Although net possessing local color
ing, the s rength and rallies in Electric
.Storage Ilattery and General Asphalt
was u contributing strengthening influ
ence. Pennsylvania Railroad continued
te meet stock, which forced the price
te 4.."ias, nlthnugh later much of the
less was regnlned. Lake Superior re
mained successfully pegged at the
j ear's bottom price. ". A decline of
11. f,.,1,iw It, llliltiiil.ilnlitfl ttiuill.ifn.1
B5
oft I Wire and 11 point In Yerk Railways
39 i - li
-u 1 1 ,nm,.,l fiwil tml Imillils It.wiutlu,, , tl,
narrowness of the market.
One bit of cheerful news etimp In the
announcement of the declaration of it
1014
25 li ..
414
41 1
sppcial dividend of $10 by the lluffnln
and Susquehanna Railroad, which will
be paid out of the Income of the cur
rent ear. The company ii 11 large
holder of securities of ether properties,
and the funds for the speclnl dividend
will come from these investments.
44?i- 1'i
564
19
7614
39i ..
96H
106 1254-
4714
S8K 1
118
12?4 ..
754
14
Philadelphia Stocks
1:
Net
Rich
IOW
P. M.
chge.
'4
!i
'is
20 Am Oas.
(.-v..
7S4 7S, l,
51 -
51 32
22
444 -
lOOtAmCetOil 17j J",,i 17
2OOTA111 Zinc
L & S.. Wn 14Vs 14TA Vh
lOOff'en Lentil :i4i4 iW .'14-i
aeOt'M&StP '22 -'-!i 22 is
200tChl (Jt V
pref 0 04 nai ',
lOOff'el F & I 2!Hs 2."'1:! -'.&
10 Elec Ster. 57 57 "7
200tEri .... 10 10 10..
83
1514 US
62?i ?i
1314- 1
52H
21 '4
39 1 14
31 li 214
200t delstpf I.T, l.iT8 l.ri4- 1.
1.r.T4
no Hen Asph. i:t; 4;i
H Hit de pref.. 74 74!s
1.1 Vti
74Ti 7S
9 4-
2
5 !-
74
80 -
35'i-
31 '4 .
8?4 r
4014
89
874
224-
62 4
1614
1344
1124 -
193
118
75 -
59'4-
57
55 ?(
1104 -
74 I
4 -
U -
e?i
464 -62
?i
204 I
?0 -1-
14
lUOTtfOedrich
L ... .'10 R0 .10
." Hunt & I)
Tep pf... 15 15 15 ..
5 In Ce N A 41 41 41 . .
200tKan C Se 1S4 lSV, lf'4
"OO I.nke Sun. .".ai .1",, .1-. 1
..(HltLit Rres. 42
lOOtMldvnle.. 2.0
JOOtMe Pac. 17',
500 Nat Itvvjs
Mex 2d pf 2
710 Pennn H It 45',
It.. Phila Ce
cum pf. . 41
!I0 Phlln Elec .11
140 de pref.. 1
42
42 4-10
MM
IT',
L.
41 (,
.'7H
2H
14
H
1
!i
3
4
1
Hi
I
'i
4
2 '4
'4
!i
y.
lili..
2..
45 -Is
41 1
.'tl '.i
31
43 li(.
12 'I
22-
ni'r
4r's fV
4S!.; j.
.lO-ii
10 Phil Ins W 4,1 4.1
:il5 Phila It T .12 .12
JOOtSeu Itwy. 22s; 22
1 11 Tenth Nnt
H..nkwnr 2.1
lOOtTenn Cep. S7,
.'iOOTone Uel.. 1fs
5 I'nienTrnc 41
.".fir. V (i I 41..
Je
41
4S-1S
KMUVa-Cnre0 2's 24 2PS
-WtWlilillsU
pref A.. 24
200tWheel &
L E pf... 10
10(t Wilsen Ce .'.(i
25 Yerk Itv pf .14
24 21 Vt
16 1 '4
324 !i
S3
794 ..
I Hi ..
32
67
15'4 14
13914 li
74li 14
33 - 1
10
.10
.11
10 1
il'i ,
tNet ehsnse made bv I'nmpariten with last
s-ile nn New Yerk Stock Exehangf.
I'lllLADKI.rillX llONDs
500 Liberty 4th 4,s '28.... US. 00
1000 Ilptlilehem Stepl Ml 1 Hi
2000 Electric & Pce -Is. . .lets 07
1000 Lehigh Valley (Is "N.... 101!
2500 Phila City 4s Mil reg. . . . KKI
.10(K) Phila Electric 1st 5s. .lets SHU..
500 Phila Elpctric 1st 5s. . . . fi):i.
1500 Philu Electric 1st 5s.... loe
1000 I'nitril Huilways Inv 5s.. Hi
1114 I
69?',
234
60 I
5
184
614 85 14
114 .
49 H
95 "3 1
101 j
12H, .
50 -
61 '3 1
164 r
33 H
24 ', 4
1514 1
82
144
81,
24 I, r
83 -1124
-1114
1514
55 li -58
'i -
8'i
151-2 i-
32 ! r
48 t-
414 4
10'i
5'4
3614 21 2 4
12514 27 r
b4
10
14
FOREIGN EXCHANGE
14
2H
4
New Yerk. Nev. 20. At the encnins;
et tiie tereiiin exclmnce nmrket today
ulerllnit shevvtsl a enin et 's. while
i; I francs vvere down 4 points, lUlgimi.s
down ''i iind lire tinctiaiiKHl. Th"
decline in franca nnd Kelgians wns nl-
le(jei te be line te political censilient.
tieni. .vIiirkH vvere 1 - it lower, eeine.
dent with sains in all of the he-mllnl
Iielltral PXi'linnEPS, With the eVeeitleli
of Swir- nnd Spiinifih. A feature w.ts
new high records nituin, after pievieiis
atlvanees in Swedish, which gained
points en tiie day, nnd Builders, which I
were up !t M)intK. LiKht effenni;? of
Danish and Norwegian caiiHed khum of
I points in the first mentioned and 10 1
in the last,
OpeilltlB quotations were: Slerlln-ri
cables 4..V2!)vj, tleuiand 4.52: francs en- I
hies (LllDi, cheeks fl.11,1", ; H-lji.in ea
hies (!. I'Jl;.., cheeks (1.41:, : liie cables
4.771'j, checks 4.77; Swiss cables 1 ."s,
checks IS,",: pe(.ptii cnliles 1," .I'.i'.ji
checks 1 .1.T-tT '' : Danir-h cnhles 20,41,1
ciiecks "J0.M1i : Norway cables I S .",(;, j
checks I"s.."i1 ; Swedish cables 2i!,!is, i
cheeks 211.11.1 j Builder cables .ISi.tvn,
checks ;i!i,.Vr, iiinrkH, .014 J
New Yerk cxchatiKP In Montreal (,,- I
tlaj was liiii'hanjfcil at pur. ('aiiailiim
fluids in New Yerk were tinchaiigeil t
par.
Willi the exception of n tea in of .'
points in llulKiiriini en nominal trans
actions, (lie Central European ex-
IU
1
chanitcis showed Kcneiul declines, Ser
AW bfl't I bin n mid tireel; vvere the weakest. In.,.
rul m.
ijieini, tir iiicrcniiiiiits, Austrian de
li'llned '-.. and Polish marks were un-
i cliaiik'cil at tin low lecerd, Qilolatieii
i were: HiilRiirian, .70: Itiiinaniiiii.
hi'. m.,
11
.0.1; Serbian, 1.H2: (Ireek, l.l.l:
('echn-Sleviikiali, .1.1(1; JuRe-Slav-lan,
:::t; piiiisi,, .000: Htiiiish, a.rws .us.
trian, ,0014; IIiiiiKui-iiui. .(MlOl-'i;.
YKhTKIUMY'H t'l,t)SI.S'i Ql'OTATIO.S.S
lirllnaT Pinnca Lire (ulldr
l)mutiil 4 .11 U il fi.1 4 7ii at, ,",;i
Cubles . I5IM IS m i.liW, !i TiS
TUDAY'H !),'- Id l-l'OTATKl.NK
Ht. Kranra Lire Uulldcrs
nan-ana ...,, .tf ii.u;ti 4.7J aft,,,,,
aruuml l'Hs
sslth mu in,.
cents lest month.
Arffr$?d6eg
A Copy Will Bm Sunt Fr9 Upen Requnt
Writ or TohpheM
7
National Bunk with a Savigs Department
National
Bank of Commerce
713 Chestnut St
Nathan T. Folwell. Pr..ld.nt
When Your Meney Gees
en Strike
The investor's aim is te make his money work for
him, yielding him geed and unceasing return.
But like human labor, money often ceases working
and gees en strike. Sometimes it never returns te
its task of providing income.
When your money gees en strike it means that your
investments have net been wisely chosen. Keeping
our clients' money at work, advising them what te
buy and retain, informing them of developments af
fecting their holdings, continuously protecting them
these are all features of our service.
"The Art of Wise Investing" just issued by us will
tell you all about it. Send for a free copy.
Meedy's Investors Service
35 Nassau Street, New Yerk City
BOSTON PHILADELPHIA CHICAGO LOS ANGELES
MlMOkSt. Rl Ettau Trwi B!4(. Fi-tl Natisasl Bui EMf. Pacif i Mataal BMf.
sftfeSfe.
-jj asnvu-giw-w a-
iliBILCllEBinilllElli
-sVimmrTJ
hum ij Bnll VI
I mv 1
$50,000
CITY OF PHILADELPHIA
4s. due March 1st, 1949
In Coupon Ferm
PRICES TO NET ABOUT 4.10
BATTLES & CO.
Katnhh'xhFd 1S0O
Independence Square (East), Philadelphia
liviinwjniiiun
BONDS FOR
INVESTMENT
Government
Railroad
Equipment
Public Utility
Industrial
Elkins, Merris & Ce.
land Title HldK., I'liila.
M. lulu r
Srw Yerk & I'liila, Btm li Ihilianzca
I - 1
n I nine T lfiAiinPR u
II t-ijsV j 9 tf SaaiT tf m mm SI f 1
R CONSULTING ENGINEER
II nesisieui U4MIA aillinifjn DUILAOLTI DUI4 I .1
H , POWER & INDUSTRIAL PLANTS
I ill DESIGN APPRAI8AI. I
IU CONSTRUCTION RRPWHr u
ii ' 111 il
I RiciMOfsHt, AvyoHem.g iiuianj I
M.an. 25 Svini
I PcaasjrlTMit. Iidmiity Eiduan I '
Laaa-.rt4 It. . " l
T
'
why
LOMBARD 6821
Hillsborough County,
Flerida
5 Bends
Due 1930 te 1952
The county seat of Hills
borough County is Tampa,
the second largest city in
Flerida.
Prices te ylsld 4.70
Circular upon request
Harris. Ferbes & Ge
Pine St, Cer. William
NKW YORK
PHILADELPHIA OPPICS
WHtiwr SMI
Iclephone Sprue 7040
V
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