Newspaper Page Text
H1 H&FfT IV w SfWjirfi( 77 i 'c W" v .' J fuf i. (.. A .; i W life i:h I M ' V Hf k i ftp PSSS STOCKS BUOYANT ' Pa' a? I Till w vR L; fffll . ON WEEK-END NEWS EVENING PUBLIC LEDQER-PHIKADELP i l'. Li s -a. Docs a Large Institution Like Fidelity Trust Company Care te Handle Small Estates? This question, with ethers, is answered in a booklet, "The Trust Company and The Individual," which will be sent en request. Fidelity Trust Company 325 Chestnut Street 1431 Chestnut Street 6324 Woodland Avenue, West Philadelphia Capital SS, 200, 000 Surplus . . SIS, 000, 000 Funds held in trust mere than $288,000,000 Cut in Railroad Wages Regarded Bullish Argument and Offset Rate Reduction Baltimore, Md. Registered 5 Bends due 1930 te 1935 1947 te 1952 Prices te yield about 4.15 Circular upon request Harris, Ferbes & Ct Pin St, Cor. William NEW YORK Philadelphia Office Widiner Bldg. Telephone Spruce 7040 Nf Wk. M.m 20 I he hie ' 1 r niii mi f nc news nvci the weik-did nuitc easllv oITkeI tlti IieMiI.m inlhii'iM'e testiltlne In n btntil iMiil Imiiimiiii 'eii, maiKer tednr In fin. 11 lm lien i lien; 1 line .lnu Will Snoot Main I a new week xx 1 1 It mh h :i sritri nu hmliret i of biilllh new. In addition .tn the 1 ri't l'i r.nlfem wages theie wa (let - utnnv's irtriilntice nf the Allies iirm President lint Iin: a Idler 10 the a- 1 liennl 1 in'niii'evinriu CenfereiKc fm It j service In the labit ciis, last vvlntci !' in whir!) he tefoiieij te tlie ip iilil mi- I prnvctnent in blsir lonHtllens mil th. 1 great optimism for tlie futuie of bust ' ness Klmine of foreign ivdinngf the Mirnpni alive case of tlie monev mm - ' jkets In f-ioe of tlie hrgest dlshuiseiiiem period of the vent J . There neii no eutnv agant piiie' ' 1 hiincpN Hei .u taiulai spei inatlv I ioinnnitr.itien Inn an onlerlr and ten- ! 1 sistrnt tipbtddiiic of 111 ices piettv will' nlen tlie whole I no Seme of tlie peel issues of 1 nut kp made mere rapid pi eg C s than tlie in iin both of stock but 1 there wru tninv isstits In both the 1 inllren I urn lndusttial divisions tli.it j uisi'c made new high ground. ' , 'Phi in: in uaces of tlie imuiitcnanc 1 ilep.utiinnts. .lKprepntins N4S.IHM1.0W,. iiIIeuim! tlie 1 n tit earfs In thr I.nbet ' Uenul mi1i f ji 1 1 lie r leilui neus Itnelv ..ttiR an .uldttietial UiO.0(H).00il. p- pected b .Itih 1. I'urniHlied the b.i k J sreund let tlie fri'uli bullish drnten- str.ifien. in tlie tailrend" If it h.iil net bien ter tlie utKertalntr en .liul uptcnte Ceuit iIim i.lun in tne lte.id- 111R no thete t. no doubt tlie niep- nient 111 tin i.irtleiH would lnne reaihfil I crt jter p-opertion "I he i-iuiie croup I 1hoe(M. wa-4 in geed dein.itid. the li- ' ' T1 11P unit it,, Ac, ti, fill, ,c,iiv lIi i.inn ..iin " ' ' .--,.. - lllll.llf, 1.(1,. nttontlen I Tlie indopcndetit .ipp Klinrei ,c,i n i wcte Mistatned h nviv.il of ihei.'mm ropeif. and net te tbe tnIN and oils j were the met piotmneni in tbc breid ' and actnc deulinRs of tlie morning Last woek s 1 ! In ioalet. rvpvetalu 1 Rruiling oiiimen .mil proferrtd i-Mie-. weie subtantialn iiH'reasiil. and Ne -lelk and We-tmi. Haltimore and Ohie, ' I.nke Cne and WrMein. Texas and I'n- 1 oifie -ind Vew Orlenn-. Texav and Mei- I no toxe 1 te l'j points Internatientii Hiitester. Aineru.in Car. I'uilman. ' i-opper". textl'i'H and utilities cam oil It te '2 point-, with sugars and feed spc- I (inities. Among the le-., piemincut is- ( mips .1 gam of .""s point for Nntletu' 1 l.nameliug and t! iteinls ter Wllljs Ovprlntid lopferrod wete (onRplrueuu tearuic. I lie shorts m tlie tobatee stoup .tg.un diine in for a sovero dtub bitig. ospecl.ilh in American Sumatra, which was run up ever 4 points. Commodity Markets GRAIN ("hlrasti. Mat '. llttle dotclepniont tien en or Similar 1 MARKET :f Thcre w.n verj in the whent situa- The market opened Pteiidi. undinnged te ',0 advance, and lenrh in the daj dprpleped a tinner tone, the Mar prioe nihnncing -'jc from the 1 Inlti-il figures en oevcring. while the liirpp mnnthe untkprl nil tf ffi I n I The! affinjaaui imiuhi' wimuiiiiiHain'ii1 w eiin'iiiii as i Issued under the Philadelphia Plan $50,000 Southern Railway Epuipment SVs's. Series W" due May. 1926 PRICE TO YIELD 5.35 Particulars en Application Ktbll.hl IMS BIOREN&CO. 410 Chestnut St. Philadelphia Members of Veir inrk and rhllirfelphla Stock Rtbnt samimswmammm'Mm en mn wv i Shotts in Mar were geed buyers triile was impressi'd br the fart that 1 Chioage in new the cheapest market for 1 , cnh wheat In the reuntrr, which should ! aura'i n uru'r ih'iuuiiu inui millers and exporters The oet u maiket nn e,uiet anil. In absenic of actire trading, puces con tinued te move within a rery narrow 1 1 range ' Oats were trregulat. with May igr te a! 'in lower and late months '(' higher. h I'rovislens were quiet and slight! I higher en an advance of 10c in the I ' pri' e of Ine hri- Delireries en Mar ' centrft( t In Clin age were 50," 000 buh- eIr of wheat. 21 000 rern and 173,000 i eits. r-frn- -Md" .. lL,l Sef M tul rp' Ol'- fu' Sr( Rye ru j pt I.rd J ily r-ue i nn' n i i 1 24S t .".4 1 1't Opn en, T I is'i tr i ip- 11 41 i :. tt sr. t '.? rr .' i 1 If. -SI n IK, J 1 1 it 0- M 4' 11 Jt .r, US', H', t : i .'as l rs IT " (in i. 9-S 11 " tain in StBtes T ARGE personal rc rc spensibility neces sarily fellows the in vestment of the funds of estates and ether trusts. We extend an invitation te these whose investment units are large, te confer with us because of our ex perience in the selection of investments for ethers. HARPER &TURNER Invfttmrnt Bankers Mtmbtrs VMIaHtlphi Stetk Ej-tfunfr STOCK EXCHANGE BUILDING j COTTON MARKET I New .erh. M.iv '-'0 - Mere the " u 1 f tml Seutneastern 1 niiert t shitp ipturn ,n (otten prues agin thl- tneinins te new high IoveIf for the tin.n en new i tejii- and 7 te ' ''" tin iv hIkhe .sitiiniin s ( lee Spot homes "-old iiilv. but I.iorpeol, lmals I nnrt i enim -i-ion h"1 ies bei-;ht New Mrli.iii wn iil-e mm hint diubtlp-e ieflr(ting bad went'ier ioieit ' I in.' iii' nuiki li'H wa aillie but somewhat eiimu owing te I0..1I J pieti' -t.ik ng wi'ii piieei. off about in I in 1J points fiem the fills high I 1, ' ('Otr t i inli" Ihi A M 1 II l 0 l toil, Opt-n Jt no .'1 in .0 1 1 in 7", .n r, .'( no .11 .1) .'n '11 .(1 n .(1 1. r m .0 41 in i 10 t; .sni-. weak ft 1111 - Jcrtnftuf Philadelphia Sirsttnt Federal Land Bank Ten-Twenty Year 4 ' rr Bands Exempt from Federal, State, Municipal and Lecal Taxation Dated Mai I. W!i line Mm I 1'JIJ Sel Krilreimilile Ix-'ere lut' I, lie?; Price te yield about 4'2 Mackie,CrouseCe. nr.M. tate TRUsr num. Walnut 0(30 Rirr 6Stn FOREIGN EXCHANGE Sew etli. Mav '-".l At tlie opening of i lie fe'iign oxi-hniige tnarkit today, all ed (seliauges ,nni fianfli mid Dutdi lioe( kttengtli. wnh the last men Honed at u new lugli reoeul, wh ! irweglnn and Swedihli we-e Steiling iirted in inn bunged wiie up J lidgnn up -'. lit' i ", 1 1 iir-n up i mil u t lu 1 1 no I i'-i and i(-itis lii-r "J en h Nm weian eiisiiiineii nn X(epilnnil i'i I IK of IN pD.nt. Hid Swirll-.li nn down 'I pe n's all n ( "mpniisiui v h the (losing tigiiroe el last wek Quotations wen Stei n,: (ilile I 1." diiiintiil til, ft me . uliles '.I Kit, , t,,, i,. 'i iji, IteUiun i nblek N IP, (liek s p;l Inn i abies ,"i UN ihnk T'2lj N'ii l. 1, P. Ill !' ' lli ks V 07 I" ' I H- li'es "i Nil ihe(l( 1.1 7N Iiuiisli ( a -lib, .'1 N1 , h.iks Jl Ml Ni.iwav .a iili IN (1 i hi i U IN ,NW(d si tab s '.'.' 1 1 I s ; ,i Mi', lle mi MetitH nl list e 111' ! in I, w I I I s 'li ii !,1 ' gulldd uibWs "i i ln,'i ( i in nn mi Ne i t i U t md n i nl i w.i 1 pi ii nt The i n i an idiiin tnuds m New , l.i ... p t i out NEW YORK STOCK EXCHANGE TRANS ACTIONS REWBORGER, HENDERSON & LOEB i Alcmbert New Yetk and Ki MUtblphia Stock Exchange V Pin I entiiil l.uieiiiaii ii(hnu' hud ii Ihih.i ap rninin e tndiit, Austrian making ii new low U 010- Other ipinl.ltieii. weri IlitUirl.lll 7,1 ltu- iniinuin te'., herniuti in i .pi no ne no Sleiakian 111'!. .luge-Maihn '10 Oirel, 1 10 nnnish ' 10, I'elUn OJ'.u limiguiian I'-'S - r i nt' u i i,isin '.a ivrxTtess sf l-n'1 t. ' Oil itCfn i if ii ' in.'1'. r. ,(i nn , i 'i i." "i .'fl t I" in ii I v i 'PI MM, Q'l r i jens - ' ' u I - 1 lu 'lerr IS 'I Siilei 2U0 D600 200 GOO 100 200 100 TOO P00 1700 2100 1300 300 100 200 100 100 1100 fiOO 700 300 3800 bOO 100 2600 100 16900 100 5700 200 GS00 200 100 500 2300 1200 4600 200 700 D100 100 100 300 2600 100 500 00 600 3700 1100 700 4O00 9r00 300 4G0 2500 400 1200 200 200 100 100 100 1660 6900 5000 300 200 300 3400 700 100 600 100 100 2600 7200 200 200 300 100 900 500 2900 700 200 400 100 100 600 300 22C0 100 100 100 3400 200 9100 2400 10700 200 100 1w0 100 100 900 400 300 8000 100 200 5400 2400 3200 2000 1800 500 100 tee 100 500 100 100 200 5600 100 200 100 5200 700 400 1100 11400 200 100 100 200 2800 7R00 200 1000 200 9100 100 4'0j 1 tee 100 120'J 1O00 tee 500 100 200 7C0 130 100 200 200 400 21600 100 1000 30O 4100 100 noe '00 1000 100 .00 200 1 100 3'00 100 5800 3900 4500 100 200 ;oe 100 JOT 100 tee 6009 iOO 100 100 10J 1100 in 1 r, 1 I. i: SUM II ell Adam l.rp-ess 65f Xta llulibei 17 ' l.ikn luneau t! M 1 'i llicd i iiiin live 71 IMcd Ui live pf109'6 llls.Cli.tlmeis 49 '4 tn ,gr c t'hein 38 4 m grl i 'li . pf 65 m Heel N'ugat 44 1 tn IIenpIi Magtiete 48'2 Vin Can 49 3 m Cat & I d 1642 ni t otien e ?8J m cotton en Pf 53'; Xni I rug Sn g m IIKIh ,t t eatlier 1 G m Hide l.eitb if 71 ' Xni I'p . 111'i m Ice pf 92 in Inteiiiit Coti 40'j Xni la T'l mice I'nc 13' m l.lneeil 37' Am I-oceiitotle 1 16 m s-vfpt ;arei GS Vm Nmelt 66'j Xni Nmelt nf 98 Xtn sthip ,t Cem. 25' in Nteci I'eundr es 38 m ugar rtef 78 ja tn sjuc.u I'af (if 106 m Neman a 47 tn Sumatra Teb pf 70 m 'lei &. CHble 61 m Tel i Tel 123 ii Tobacco 145' i m Tobacco II 141 " tn Woolen 9T m Wnt Papet pf 34 Vm . no I.d jt. smeit 20 Vnacenrta ( ippet 56 'r s?etj Keallzjtlen 1 'j T sse t Heeds Id pf 83 1 r. Oil 26'4 f. tch 'lop & Nan Ke100'i 1 h Tep . S F pf 1 " At. antic Coast Line 1044 '1antlc Fruit 4 ' Ulan Flu A tlantli 4'i Ml Oulf K W I S s 43 14 Ml i; A W t S S pf 31 U uit n Viche s . 30 " HaMwin L'otetnotUen9"j Baltlme-e A Ohie 9'i 4 Haiti A Ob e pf 61 Rirnsdall Cla V 49 'j Rarnsdall "'lass B 35 ' Hatepl as Mm ng 1 's : Hctb Steel B 78 i Beeth Fisberies . 6'j . Brit Km Steel . 76 T But hin fcteel 1st pf 72 . Krlt Km Steel .'ri pT 29 S 5 Bioekln Krltsen 107 Btoekhn Kdisen rts 3 RUn llanld Tranilt 28 h Bkln n T ctfs of d 24 H BrecUjn Union l!a112' Hrunswick T-m 4 Burn, Bres 137 '4 : Burns Bres H 464 But te Cen & Zinc ' 74 Butte L Sup Cep 32 '4 Butter'ck Ce . 27V Cadde ttnOA n I3'i 6 l allfeniia Packing 79'2 "a I form a Petrel 61 t al Z nc & Lead 11 si I c'alumet A Arizona 6411 10 Canadian I'aclflc 142'v Centrat hea'her 40' entral leather pf 734 Cerre-le-raco . 40 7i ( Chandler Meters 76 4 I'henapeake A Ohie 69' 4 Chicago A Alten 12 '4 Chicago A- Mten pf 20 ciil & K III 1 new) 33 hi A i: 111 neO pf 56 Ch cagn A (Jr West 10'? 1 b. & Gr Weat pf 24' 1 'hi M 1 A Nt P 29 Chi Mil A Nt p pf 45 4 Chicago Pncu Teel 65 lv .' Chi A Northwestern 75Tt T Chi A Northwest pit 13 . . i-hl 11 I A Tac 46 U 7 ( hi It I A J'ac 70, pf 98 '"bile Copper 23 . Ghlne Copper .. 32 4 Ceca Cela . 66 Cole Fuel A Iren 34 3 1 el A Southern 50 6 t'eliira Gaa A Klec 87 1', Celum Graph aphene 4,6 Cel Grapbaphene pf 17 '4 4 Ceniput Tab Rc .. 694 Consel ( igar . 30 4 T Consolidated Gas 1174 Conse Textiles . .134 Continental can .. 67 4 4 Cern Product Ref 102 4 :': Ceaden A. Ce . 45 4 Crucible Steel 76!$ Cuban Am Sugar 25 4 Cuba Cane Suga' 17 4 Cjbi Cane Sugar pf 36 Dawsen Chemical 59 4 Debeers r Mln Ltd 21 4 1 I'elaware A Hudhen123 f, riet lack A West 125 j 1 Pome Mln . 29 4 Du Pent IK I) Ce .115 4 Du.uth Se S A At . 54 Kastman Kodak new 77 '2 Klfc Storage Bat . 45 B'. Hern Ceal ?1 4 hmersen-nrant.ng 11 Kmorsen-Brant pf 39 4 hr'e . .184 Krle Ut Pf 27 't Krie Id pf lq PalrbankR 20 4 5 Fameua Plavers L 87 f, Fed Mln A Smelt pf 51 10 F'sher Bedy 120 4 f. Hsher Reds of O p' 984 Ph., flJbher 18 (Yet pert Te.s 21 ' iienei.il spha t 66 4 .. Gencral aphalt tif 101 t. i,neia 1 Igat 76'; Genera lllcctr e 155 4 centra Mo'e-' 14 '4 c,.n Me deb " r, 94 '4 c, dden Ce IP tioedriin B F 4? 4 - Gredricb V, F p' 90 ti-inb. Mining 344 (,ra- A I'aMs 19 T Grea' Nertbern p' 784 4 i.reat Netlh Ore sun 41 Oiuanianame Sugar 124 iUlf Mobile A N'ertli 17 4 Gulf Ntates Steel 85 t Habeisbaw F.'ectr , 1 4 Ilartman Cerp 854 Hendce Mfg Ce 24 4 Housten O 1 81 ". 1 Hupp Motorcar 21 HjdruuUe Steel 124 7 iHIiieIh Centrsi! 1064 . Illinois its 4 Indlahernn ftef 44 lisp ration en 1 en 444 Inter ( en 1 epper 24 Inter ' en Copper i' 5 J j Internar 1 cmet ' 36'i 2 Internal ( em Kng P25,'i ,1 ltu Harseter ne 104 Iin M( r Mar n- Jl n Int Mat uk pf 84 4 International .(. 184 InternaMnn li Paper 5J4 0 Inter Papet lf s'lid 70 4 lninrlbl i ' eip 19 lr( n Products 31 4 Inland Ol '4 lewel Tea ?1 4 one Bren Tea 44 Kan i'il Sout he'n 27 4 KanHas A Gulf 5 Ia s-ir 1 " new 43 4 Kell-pg r r- 01 - C Ke !v-Sps T u", nf 84 Keiineoett 1 nppr 39 4 Nev stone T A ' ?' T 1 iMOHge S S 40 4 I aekawanna Seel 77 4 L.ulede Gaa nf St I, 79 Lake Kr'e A West 27 4 1 nn 634 164 14 704 1094 49 4 38 4 644 44 47 48 4 1634 28 4 584 6 154 1 110 91 4 49 1 4 124 35 4 116 64 634 08 23 4 18 76 4 106 444 69 01 122 4 145 140'j 93 34 194 56 14 83 26 100 91 103 4 3 4 4 ',4 424 304 294 1184 49 61 49 33 4 14 77 4 64 76 72 29 4 107 2 4 27(4 23 111 'i 4 1374 46 7 4 324 P.7 4 134 79 tt GO 11 14 63 4 1424 40 73 4 404 76 68 4 12U 20 38 56 104 24 4 29 44 4 65 4 754 113 43 4 98 224 314 64 1 1 34 50 87 4 44 174 69' 30 117?, 13 67 4 102 1 4 44 4 75 4 25', 164 354 59 4 214 123 125 4 29 4 1154 54 77 43 U 214 11 39 4 174 27 184 20 85 H 51 1204 98 4 174 214 65 1004 73 165 4 14 4 Q4 4 15 4'4 t0 14 4 174 78 4 40 4 '24 174 844 14 83 4 24 Ji 81 14 20 4 11(4 1064 4 4'. I P .'11 M 654 17 4 14 70 4 10914 494 384 65 44 4 48 434 164 '4 284 ' 58 14 ' 6 154 714 111 ' 9,! 49 4 13 '4 354 116 64 664 98 23 4 38 78 4 ' 106 46 70 ' 61 1224 145 141 ' 93 4 34 30 564 ' 1 4 - 83 26 1004 91 1034 ' 44 ' 44 ' 4?4 304 29 4 1194 ' 49 4 ' 61 49 1 354 ? 14 78 4 ! 6 4 76 1? 794 107 3 28 4 ' 25 4 ' 1114 ' 4 135 j 464 7 4 324 ' 24 ' 13 4 - 79 4 . 604 ' 114 64 4 . 142 4 -404 73 4 40 4 76 69 124 ?0 ' 38 56 ' 104 244 ' 29 -444 65 4 ' 75 4 ' 113 ' 45 4 -98 ' 22 324 1 654 -i 34 50 -87 4 - 44 174 69 4 - 304 U7 4 ' 13 67 4 1024 -' 444 73 4 ' 254 - 17 35 4 59 4 ' 21 i 123 -1254 - 29 H 1154 i 54- 77 44 4 . 214 11 (914 18 27 19 - 20 86 4 -51 1204 ' 98'4 18 214 65 4 ' 101 S , 165 4 14 '4 94 4 174 42 4 90 34 4 184 78 1 j ' 40 4 . 124 ' 174 85 -J 14 85 4 -24 4 1 8114 r 20 4 -' 12 1064 - N'fl ( iae Seles 1100 100 . 4900 31 l)l ' 'ICifU llltli s. Lake Krle A West pf 45 4 4 4 14 14 4 14 41 14 34 3 4 14 14 1 1 4 ' 4 '4 2 4 4 4 14 14 14 4 '4. "i 4 4 4 24 4 '4 '4 i 4 4 4 4 4 4 4 4 1 24 4 4 I '- 1 ' 4 4 4 4 2'4 '2 14 - 1 43 4 24 r. 14 ?54 103 4 4 R 4 18 52 4 0", 184 31 ' ?1 4 44 14 27 4 5 43 4 51 4 84 18 4 21 4 40 4 77 4 79 26 4 4 44'4 '4 5 364 ?54 104 "4 4 P4 4 18 33 704 164 31 14 21 14 444 27 4 5 13 4 114 84 19 ?1 4 40 i n 11 27 4 1 4 4 "4 t. 2 4 4 H 4 4 14 4 1. 000 100 Gee tee 300 4500 100 200 100 100 200 200 7700 3300 300 4700 7500 8500 1300 62001,20 5000 500 100 2200 100 1400 2100 T -100 '1 6000 100 . 800 300 10700 300 6 300 3100 1500 400 5200 f, 100 . s 1000 34 5200 100 ; 100 1300 7 2500 200 400 .1 1900 5 100 100 700 BOO 200 : 200 300 : 600 ?oe r, 200 . 3000 t 4200 3700 100 100 3500 : 5100 2100 100 n 400 .1 2400 2 200 100 200 1900 100 li 500 B 100 ; 2500 200 p, 700 R 100 S 100 7 11700 300 6 1 0 4000 2300 2000 13400 3700 2100 500 ?00 8200 200 3400 700 1000 100 100 Lee Rubber Lehigh Vnlle.v . . 1; LlMetl A Mei, . 7 Lima Locomotive Lewe's Ce In ... I Lefi t nnrt . v J Lerlllard Pierre . . Mack Truck . "! Mclntwa new Malllaen Ce . . Manatl Sugar . . , T Manbat Kiev Guar -' Mnnhat Shirt . . Mar St Itv pr pf , Mariane oil " Martin Pari'v Math Alkali Max Moter Klas Ma Moter (lns 11 ?4ii '; MfAcnti Petroleum, 139 4 "inn eppcr 1 . . juj Middle Statea Cetp.. 154 Mldvale Steel 41 Ta Mill A St Leuis ... 134 Me Kan A Tex .... 13 Me Knn A Ter (wli 191.4 Me Kan A T (wl) pf 42 4 334 67 4 169J4 115 17 I3W 158H 52 15 174 21 !4 47 52 394 63 36'4. 35 37 4 73 Vt Missouri pacific aid Pac tie pf Mentana Power Montgomery "Ward Mulllns Bedy .. . National Acme N'at Cen A Cable . Xnt L'n A Slam . . National Lead , . N'at P. n of M 1st nf .Vat U 11 of M 2d pf i con copper . N Tev A Mex N V Central . . . N V ( A- St L 2d pt 83 New erlc Deck 39 New vr!c X A H 344 2 New Yerk Ont A W 28 4 Norfolk A Southern 18 7 Norfolk A Western 109 4 10 North American .. 65 Ji ft North Amer pf ... 44 4 .1 North Amet clfs pf 9 5 Vel them Paelllr .. 78 4 Neva Scotia S A C 33 Ohie Bedv A Blewer 12i 24 M 58(4 73 244 32 4 204 3 54 96 15 6 4 19 6B'4 914 'tkla Pred A Kef nt SIher Mining. Orpbeum Circuit .. Otis Nleet Owens Bet Marb . Pacific Deel Ceip. Pacific Gas A Klec. Pacific .Mall Parlfle Oil . ... Pan Mner Petiel . . Pan Amer H . . . Panhandle . Parish A Bingham.. Pennsvanla 11 R. Penn Seaboard Steel Pere Marquette . . . Pere Matq pr pf . . Philadelphia Ce . Phillips Pet Phllllps-Jenea Plerce-Arrew Motoi 3 8 194 144 36 4 10 70 4 1SJ4 64 4 694 63 4 7!4 154 42 4 13 344 78 39 4 55 85 l'j Plerce-Arrew Met pf 38 4 Pierce Oil 10 Pierce Oil pf . . 554 Pitts I'eal . ... 63 Pitts Steel pf 96 Pitts & W Va ... 36 4 Pend Creek Ceal .. 204 Pestum Cereal .... 7714 S Pestum Cereal pf 106 4 7 Pressed Stel Car pf 984 Preducera A Ref ..47 4 Pub Ser cer of X J 884 8 Pullman Ce 124 Punta Alegre Sunar 45 Pure Oil Ray Cen Copper . . Reading Reading 1st pf . . . , Readlnr -d of . . P.emlnirten Tvpew. Repleile Steel Repub Iren A Steel 32.4 18 4 824 55 564 37 !4 354 78 Hep Iren A Steel pf 93 !4 Republic Moter Reynolds Spring Rejnelds Teb B Re neldi Teb pf He Is A Ce 2100S 20 Rojal Dutch N Y, 14 800 100 1800 800 300 500 . 500 400 100 1800 1900 100 1100 83 7200 300 6000 3500 700 600 4300 230O 500 1800 400 2300 13500 700 500 100 800 8000 1200 600 1200 100 1400 200 600 4200 100 100 5400 1900 100 600 1300 100 100 19500 100 100 500 200 100 1500 900 9000 400 3200 300 500 1400 200 100 C00 2500 3100 300 2W0 100 1500 403 300 100 1 100 5300 700 300 100 100 200 1700 73600 1400 100 200 104 464 47 113'4 . 184 . 64 4 . 48 Vz 164 30 4 32 50 5 34 8J4 124 80 '5 134 11 4514 00 ' Rutland pf 1 St leseph Lead .. . St Leu la San Fran.. St leuls Southwest St L Southwest pf. .Nan Cec Sugat . Saxen Moter Seaboard Air Line. Seab .sir Line pf S'eara Roebuck Seneca Copper Shattuck ArU Cetp 1 sneu Transper Sinclair nil Se Perte Rica Sugar 51 C Southern Pacific 93 4 Southern Rail . 75 4 Southern Rail pf 56 4 Splcer Mfg Ce . 20 4 .Standard Oil of CaMi8!4 R Standard Oil of N .1191 4 T Stand Oil of N J pf114J Sterling Products 494 1 Stewart Warnet Spd 444 Stromberg Catb . 56 7 Nujtlebiker 125 Sub Beat Cerp . 6 4 Superior Oil Cerp 7 4 Sweets Ce of Amer 3 4 Tenn Cep A Chem . 12 4 1 Texas i'e ... 494 4 Tej,as Gulf A ulpn 47J4 Texas A Pacific 34 4 1 'lexas A 1'uc c A O 29 4 Third . 254 Tobacco 1'redt.cts 79 4 7 tobacco Pred pf 104 4 'I ni L A W ctfs H 394 r-.inscentlnetual Oil 19 4 t Tiansje Wins Sleei 43 - Twin Cltv R T t nlen Oil I i'i 1'nlen Pae.flc I n en Pacific pf Cnited AUev Steel 1 nlted Urur t I nlted Fruit I nit nw Infkt pi 1 nlted Retail Stores ' Si'll'd, rdy I N Feed Preduds C S Heffman Mach 2f.t', C N Ind Vleohei 594 C h Realty & Imp 71 4 l' S Rubber . 64 'J 1' S Smelt A Ref 45 H 6 V S Steel .101 4 ' v H htijel pf .. 2 rtah Coppet . . Kta.li Sec . . anadtutn Cerp Va-Cai chemical Va.i'ar Chemical pf C9 4 a lien Ceal A coke 56 Ivadeu lne Wabash Wabash pf s. Wabash pf B 1 Weber A Hellbrenei , WtHs Fat go Ksp Western Maryland W Maryland 2d pf Western Pacific . 4 w estlnghouse A I WeKtinir K A M 50 4 24 141 74 4 384 81 14014 32 ! 4 34 3'-. ' I 1 V . 694 17'4 . 49'4 ji '4 Wheeling A Wheeling a 124 144 344 23, 14 76 4 1 2 '4 20 4 22 4 Br 95 62 4 I. K 13 4 L K pf 24 4 White Karle OIJ 4 White Moter Whlt OH Cerp White Oil its Wbk Spenc "t ' eni Wllba Overland WU b Overland pf Wilsen A Ce . :C Wright Aero . . Ki-dlildend 264 49 10 4 194 10 48 4 44 14 8 4 l.e v 44 14 33 4 66 4 169$ 115 17 134 1574 514 174 21 Vi 47 52 394 6314 34 4 3414 37 714 23 14 138 30 4 15 41 4 134 13 194 424 24 4 57J5 72 4 24 4 32 14 19 4 3 50 93 4 15 64 184 6 914 83 4 384 334 284 18 104 654 44 4 9 77 4 33 124 3 74 194 144 33 4 9 4 70', 134 64 '4 69 62 4 7'4 154 42 124 33 4 78 39 4 54 4 85 194 37 4 9 4 554 63 96 36 20 77 4 106 4 98 46 '4 88 124 45 32 4 184 81 4 53'4 5315 37',4 354 76 4 9314 10 46 4 43 4 1I3'4 18H 63 4 47 4 154 30 3UJ 50 4 4 3K 8 4 124 794 134 11 444 36 4 51 93 25 56 4 194 116 1894 1144 48 4 44 544 1244 6 6B 34 124 49 4 47 '4 34 29 4 ?44 79 104 38 184 43 T0 4 2 J 4 140 4 744 38 79 140 4 32 704 34 54 25 '4 59 4 714 G4 4 454 100 4 1 1 9 14 fin 17C3 49 304 69 56 12 4 114 33 4 2 V, 134 76 4 124 20 (4 22 4 95 62 4 124 24 4 76 49 9 4 4 19 4 4 44'4 4414 84 ! 2 1 t ! 1 1 .id I' M. 45 33 4 1 674 1 169 '4 -115 17 r 134 158 4 - 52KH a 174 21 4 1 47 1 52 394 I B3'4 364 J4'4 37 714 24 '4 138 304 15 41 4 134 n 194 42 4 24 4 57 4 f 72 4 1 2414 ' 3214 -204 ! 3 ! 54 t 93 15 - G4 -18J 6814 ! 91 !4 i 834 -r 384 ! 33 4-1 284 ' 18 r 109U 65 '4 -44 15 i- 9 78 33 124 3 74- 19 4 144 r 35 4 94 t- 70 '5 1 lS'5 f 644 ? 694 f- 63 - 7H ; 154 t 42 '4 1 12s 33 4 r 78 39 4 -55 ! 85 194 -i 38 b 10 55', ' 63 ' 96 -- 36 f 20 -77J4-- 1064 98i ' 4614 -88-r 124 ; 46 - 324 ' 18'4 ' 82 t 54 53 14 37 '4 -35 77 -i 934 -i 10?5 - 46 H -. 47 -11314 4 184 ' 644 t 48 '4 4 4 3114 50 -t-5 ' 3'4 , 84 i 124 -1 80 ! 134 11 444- 364 - 51 : 93 4 25 -r 564 19H r 118J4-,' 1014 r 1144 ' 49 14 4 444 : 56 :- 1244 64 64 -3 4 1214 r 49 '4 , 47 34 i 29 4 -25 r 79 -1 04 4 -39 4 ! 19 43 f 50 4 : 2J4 . M0 4 ; 7494 I 38 '4 80 1404 3? 70 4 34 54 2D 14 I 59'4 71K 4 0414 4 45 4 4 1 01 14 ' 119 4 69 174 1 49 14 4 30 4 69 56 1?4 i 14 ( 34 l. 73', 14 f 761, 124 -f 20 4 2214 f 95 62 4 134 ! 24 4 ' 26 49 10 -I 4 194 9 4 48 4 ' 4414 - an - Vet Clue PRICES HIGHER IN s 14 4 14 4 li 4 4 4 4 6 4 Vz n 1 i 4 14 4 4 15 114 4 '4 H 1 14 14 14 4 4 '4 14 4 4 1'5 14 4 THE LOCAL MARKET U. G. I. Made New TepP. R. T. Firmer en the Wage Cut TIip Ititnl tunikel liPtipfilPil In eiiip eitpiii bv the hlghlj 1 (instructive new ever the Werk-emf. The trading wIiiIp tint Jatgc ill volitine vvns fnltlv blend tltid ait Up with iiiet nf I he prominent 11 sues iselling above hint vveck's tiny lug IpvpI. ' I". !. I. iPtuiiiPil ii fiiiPiiiel piisl piisl tlen. I'stnblishlng 11 new high for Iho movptneni nt I07s. The prefirred ale Mrutk n new top nl "li. The tUnl IngH lit both were rolntlrely Miiall. bill the supply rcm.tlnnl netlccnbly wan'.. I. It. 'P. improved finetinnnllv 011 the announced cut in wages, .imaging I'i (cnts nn hour for the Mnlntiien, whldi is calculated te bei ..ivliig of belvvpen LM0.(K)0 nml .'.OO.OOO n join for the management. A broadening tendency was noted In the gptiprnl list, which was sustained by the (entiniied strength nf the rail group. I'cnnsjlvnnln ltnlliend was piniuineiit in thai (plat let. advancing ,fe '1'. Tlie wage cut allowed bv the Laber Heard will be n gicnt help In bringing rliAvn the operating (ests, net only for Iho Pennsylvania avstcm, but nle the ether leads. I'ollewlng the movement in the cealers in tlie New Yetk tnaikel. l.o l.e high Vnllev artvnncert te i7 and l.o l.e high Nnvlgntlen was up ni nt "."c'S. Amerlinn Stores renininrd tlie lcndei nf the ml'cellaneetiti list toiiehlng 1!I1, or within 4 of the high teibrd price. The Hi st preferred reached 100 en nom inal dealings. Amerban Kits icninlitcd tltm nt 71. nealings wete innie nctlte in the I'lerlrlc Storage Htitteiv. iipw Meck (ait.vlng that steik te U!'. Kevv shut es of Kixeiilebr dinngeil hands, at flfi. last wppk's high pi Ice. TJ10 1'lilln rtelph'a Ktcoirle sues vveic rtiillnnrt firm. 1, ' - - , 1 Philadelphia Stocks 1 1.1 Nit f.pn- V. M ehg. 1111TS KiOis I ", 1.1i. 100 -f-1 il 112 (HI '1 1 r.n 1 l f- ' 14'... 8444 ' 1STsrr ' tl7.. 07 1 .'t; i.i 2p;j- 01 ft- i 'a i '4 14 '4 '4 ' 4 '4 4 I'a 4 '4 2 4 Hi 4 '4 14 4 4 1 4 1 " 14 24 4 4 14 4 4 4 4 Vt 4 H li '4 4 4 4 4 !4 H 4 14 H 4 4 4 '4 4 4 4 14 ' '4 4 H 'e 4 4 C!i 4 4 lllch 0'10 Am Str..l'-M ,'t'J 1I0 1st pf.100 00 Am Ons.. 71 lOtllald I.000 pi of . 11'-' lOOtl'bes A. O ll'l 100, Chile Cep 1! JiOK'iib l'n no Sugar pt "t! 400 i:iec Ster new .... 44 ''i lOtOen Mtts. It' j 1 0ff J ill f S tl M', lOOtlnvinc Oil 1S'S 4.1 I.nke Sup 1 1 7h .10 I.eli Nnv . . 7.1 '4 411 Leb Val.. 07i( ."OtMnr Party . '1.1 lOOf.M Stn Oil le's -Mt.Mn Pac. 24', 10 O VAienVx 0.1 110 IVnn CViit Light pf. .1.1 707 Pennu flit 1'-", 40 Penna Salt 7'J4 10 I'l-lla Ins Wire .. .'('. no Phiin i'e.. :m'h .10 de ( uni pf ? lOOPhila nice 20'. ' 11S de pief.. 'Jin, 40.1 Pliila It T ;i: 's KltlMorec-Ar pif f .... 377s .1.1 Kadln Cor Ii' j HfitHeadlng.. vj 2'JOt de 2d pf ."." lOOtSincinlr. . '.W 50tScnis. libit SO".. i 1'nienTiac 41 " IOOtUiiI Hctall Stoies .. 707i 27,"i V J 1 . . . . 407 tB52 de pref.. iWi Nt rhane ni"1 bv cnmprlen with last al en New Yerk Stock Exchange. rniLnri.riu. novei 1000 Libert .1,1 4'4s ' 00.02 0000 I.ibeiK 4th 4'4R, '8S .. il'I.DO 1 tllOO Liberty 4th 14s '38 00. Of! 1000 Victory 41, a '2,'t 100., IS 1000 Lehigh Vnllev gen 4s n) 2000 Phtln Electric 1st .Is, .. )S 400 Phila Klcctrie 1st .Is.. lets OS' . lOOOPhlla i:ieettlpO 10,s n 112 (VI -"-, .'111 It II'. M7; 1S7H 7.1'i 07'h .'! .1 KIN 21 01 42 T2'-, IM :v.i7s asic 204 20 '1 NEW ISSUE United States Treasury Certificates 3J2 Dated June 1, 1922 Due Dec. 15, 1922 WE INVITO SUBSCRIPTIONS SUDJCCT TO ALLOTMENT Price 100 and accrued interest COMMERCIAL TRUST COMPANY Member Federal Reterve Syitem CITY HALL SQUARE I 12 . :? . :7.-, :tse,- ', 20 a,.. 2IHj .TPs '., i , 7 ST', SO'. j 417, 707r 40. S3-T4 S24 xh;n POV. 4174-f 707, 407i r.:i- We offer subject te previous saU Western New Yerk & Pennsylvania General Mortgage 4a, 1943 TAX EXEMPT IN PENNSYLVANIA Yield, 5.60 Per Cent Lake Superior Corporation 1st (Closed) Mtge. 5s, 1944 Yield, 7.50 Per Cent u Price en Application BSAAC STARR JR. & CO. 16TH & SANSOM STS. PHILADELPHIA Spruce 3881 Race 7938 MHHMHBmaHHBYHMBUBlBW t HHIM.MHMimN .mHrcvmFTTTTm I T- ,7 i 4 u f'8 FINANCIAL BRIEFS MONEY-LENDING RATES KW lORh Mnj en el' l"ith 1iaira nf rt at rat npn(l icrtay at vr cfn f r n nc (i nrt rent ng rnil IKI I'lll i ll I rr 'r' "nn ', p., i.n mmniarcal rair ihr 10 ai mn'li I ' r" cnt I nnil I ' I I 1 I 0' 4 HmmAtm ak 0A MmUNIMl I iUnk i lear n I da j a Uat two er I 1AJ' IPhll. ..lll.neA.Oli) lEoalen.. 140,01)0, tlll N. Yorfc.leT.eio.ooa BANK CLEARINGS rnps t I ' MW1 Holiday ' Liverpool Cotten I Itriimel Ma .'3 lne- ah i tnnr) f i ma nil ' i f )' i mm lO'la I. m lv a me I ri li'la n utt Inrf t. pri slwll'lv l.i n. Int (a I 4nc of 8 pe nls fe m (" I na r 1 1 ("I'I rh n.tr or 11081 t Phe 'i P'a wee 1001 hl non Amer ran lu'urrs rir aiaadx In tilt rarti' (Itallnna .Spot prlcaa ni Amtrlcap, DIVIDENDS DECLARED 1ure Oil Company fiuartrr'v II 2 en M4 rr eat preferrM. ll.ftO en f) nrr csnt pre frrrrd anil IJ nn per rant preferrad all p (abla lulv 1 tn at ode nf recml .turn 1ft Oanaral Eleetrle Cemaany inarlrlv 12 panpl July 1ft te ateci of rtrerd Jura T. Rsall) Aaaerlataa, am. annual it vrr cant, ratt ,lul 1ft te atet ef rrmrrt July ft. Kwift Si co (imtrlarly ' pajable July 1 'e "lock of racerri June "n SKfri l-IU Powei ( empini iiarterlf It Vi (in cnmi en pjjaljle lunr 11 te ateck if a eni tunc n ene 11 ,n nn prarart'n BAR SILVER Domralle bar allvar nu unchanei In New Jorli teda al a4e par fln eunra fnrelrn 714 e, an dvance of He... In IximJen the prlce i 'id hlihtr at g,Hd I eaton V a , Vr nuirtrrlv ."1 I Phlladalnhla una nn common and 2 par cm en preferred t lavaland If th paable Junt .10 te ateck nf racerd ' nirr mend pa hl lul !.' 10 aietU of ireerd .luna SU jw Tork t eirn ai i' nnc nip'iinnun Reserve Banks' Discount Rates Off rial radlaceuni ratra at the twelva fed. eral Rfiarj tlanka are aa follewa rrna 1 lb rum t 11km benla papri jrLepi 4'., isae ?m luna 1 tlanaral Railwav Sltnal Camaanv. euar terly m par cant nn piafarrad, payabla July middling fair. l& "''liti?'i.J Vd" t te teek of rer1 June 29 fully middling 18.1 Id middllrg, 11 SJ; low, Amarlean Bank New Company, euartarlr mlddlln. 11. Aid twd ordinary. 10 Cid, and 75 eaqta en prafarrad. paykll. July I te erdlnarr. XO.lSd, T'l! lock of merd Ju 12. 1 Atlanta rmeae . .. , St. beula Mlnnaaaella ,,, Kanaaa City ., Dallaj Man rritiee., rtfa 4'j 4IV 4'i 'l 'r . 4'a . 6 . S 4'i - i s II '? !' 1 'a I I 1!. ft 4 k, n a 4tt The aeraxe price of twentj active Industrial stocks advanced 0.42 iier cent en Saturtlav te 0.7.47, while tvvet.t.v railroads were 0 .1,'5 jier cent blRher at SO 00. Proceeds of $27,000,000 lean te Ar gentina, remitted nt aternge rnle of ex change 11U.07 geld pesos tn $100. ate 70 02.1.211 paper pches, 11 difference of 0,010,704 peyjs betueiii par nnd ( m lent rate of exchange, rqtiiMilcnt te l", 107.21" I'nnten Sheet Steel Division nf the IIjiIiiiiiIIc Steel renipnnv has been sold te I tilled Allev Slicl. Tetins have net net 11 iiniieiiin cm . lint It l iiiidersiiiii the tians.iitieii wilt penult llvih .inlic S111I te iiiv (id till its Ijiitik le.ins nml h.ive lilt M ..'jOO,(K0 in rash. K.isirrn .Stc.tnihliii Lines. Im.. in (reused lis gies iccelpts bv M7.0.1'! In April, lempnred with the same month 11 veai age, and 1 educed the dehflt after ill ilinrges bv .S27, 4,1,1. l'er the four months te April ,'JO. delidt timeunts tn S1N1.0K7, et ,8,1,4riS less than deficit te the baine dele a e.tr age. A Hei Iin dlspatt h snjs discounted treasury bills, the principal Item In the Oirninn tlnattng debt, have rlwn, as of Mnv 20, te new high of 2iri,700,000,. 000 niarUs. This cimipflres with 2S 000,000,000 marks Mav 10. 270,."0O, 000,000 Apt II 20, 27.'5.7O0,000,OOO April 10 and 271.000.000,01X1 al the end of Maiih Southern Pacific's earnings continue! te iinpnive in Apill with gieatei 1,1 pitlitv ill 111 In previous niepths. !ieu, of IO.(i!l1.27l was 7.,'l p(r cent beliiw April. 10-M. (eminied with Mauli pi os-, 11.1 per (ent bi'lnvv a vent age mil gloss fin ilie tiist tiiaitei 12 N per cent under a vear ngn Net Income eiKcded figntes of 11 vein tun fei t he I hrn time this veat bv $700.1.1,". - Lai Lighting nnd Power Ominnm Htecklinlders of retold of dune 1,1 will be entitled te subscribe te n Inst and new issue of 10,000 shines of piefeind him k nn me iiiimk ui iiiic siuiit' 01 pie. feritd fm cadi ten of 1 ejiinnm In Id. .Te Hemic h new ulinre of prifeired, p.u vnlue S21, tali piivinenl nf .1 Is i'-i iilll(d, lnilliei with Miirendci of nut j share nf fniuii'en slm U At tlie i lese 1 of 1021 there vvi'ic ."I0,N7,1 shines nl '(eininnii sunk iiiitetiiiidliig, jiui S2.1. ' LIVESTOCK QUOTATIONS ! Eaat IliuTale. .Muv UU -CATI r.K Ite ralpta 20O lieHil 2',e te 40e higher ship Plnr atrers JH .'M0 II butchers $; 7,sJi Tft ; ui llrtaja I8 7W30 halfera 117ft 8 cimi .' ftOniO 7ft bulla llWOift, ateckera uml frder 1W7 freah tows and aprlnscta airadi. larifl ISO CnUri ir relpta, 1100 head blew. It higher. J3 18 HOa.S llteaipia 13 find hd rjrieil taadj ti fti- lea- llahl lOi hlahn . hrav l) 81 mixed 111 II.Md II 411 'jik.r 111 CO 4V 1 1 ftO llnht erl-.ela unl plje, II I. Ml reueha CiJH lr. 1I41 iftidn HIIKI1P AM l.SMIIN -l.rc.pt jnn brad Slew ,.",17',(ii leuer l.atnba llnff 17 ririm hour." re f i jia.'.e wellicr 17 '0?K twtt J.'Vfl mlx'il ahirn 10 SOW". rittaltiirili, Mnv . 1310 head HUhtr. n, 17 fttltf S 1 own Iteralpta, 10011 head IIOClll Ilrrvtnl. Heaviaa. 111. 20612 S3: haavy yerktrj. lllhL yerkar. and pita, HI 40O13 40. ' BIIOT AM) rAMBH lucelpt. 5S0O ' had. Hiihir, Tep ataaap. S( top Umbt, III, 1 Safety in Investments Although men rccciM! great er pa for fling aereplanes than "for driing wagons most men would prefer te drive wagons. Se with our savings. I)u net expect our money te earn aereplane pa without aereplane rifcks. Cheese the slower, safer Henda in which the element of risk is eliminated. f ON'H'l.TAriON lVITKD CONCRKN IMI INMUHTMK.Nr SCHIBENER. BOENNING &CO INVESTMENT HOiMJS M15 Walnut St., Phila. Membaa I'htla Stock Vnhange Bell, 11 c.st 7160 Kn alone, Rare 1iW lAAAAAAAJlUllAAAJI We Own and Offer for Inveitmtnt A closed First Mortgage Bend having at,8cti eier limes Iht issue. Fixed assets mere than ticice. Property established 1H, efficient management andarcceri of excellent earnings. Tax Ei fundable and exempt 2 Incemi Tax: Te yield .l5re. Inquiries Invited Hambleton &. Ce. Ustablished 1S65 Commercial Trust Buildinr Philadelphia Baltimore Xew Yetk Washington Beles .s-Westwood Member's Phila. jStecl. Exchands INVESTMENT SECURITIES s i ii LandTitle BldtV Philadelphia FHOVt, JUJCUST47-'l Pennsylvania Tax-Free Public Utility Bends Baker, Yeung & Company JOM'I'II . SIUIV, Jr.. Manailf ' Lnd Title Bldg. Boiten Philadelphia i'i IBI. I jf ' aill GEO. A. HUHN & SONS Menilmra of tlie I'lilt lrielpliiii. fv erU nnd ( hlriicn NtntV t'xdniiirt Nrtr vrh ( otten Itcihtnra STOCKS Jfc IWNDS bought and held for uts.li ei tan icel en conservative margin. Ilellevue I e.irt Hide I4IH Wilnut M, V. III llreaiiivn.T. Hathaway, Stene, Wallace & Willinms, Inc. CNCINECRS MANAGERS 1713 Sanism St., Piiladdpnii SPRUCE 7887 Opeiatiug Management el Industrial Enterprises. Industrial and Technical Invei- tigntiena and Reports. Consult" ing Engineers te Manufacturers PROCRASTINATION Is a fault. Today's costs, In terest rates, return and de mand 'ndicate that this is the time te build. f you are going te build, don't procrastinate. JOHN N. GILL A CONSTRUCTION CO. Commercial BeiUmji, FacteriM, nitifalieni and Smalltr Wetk Olla lliilldlnc l'llljinhl.l'JII.4 ny Land TiUe Bids. llinhra rblla. Btstfc EithinM tl VATTX,t, -Hicil)t, Slera H netfl). Iialf. II 75 Ann c'alvea-- Hteadj- Ted. Ill SO. 7f,00 liaad. Ntaady. i Before Investing aarura th ndvlca of (lima aipirlanceJ In th aalartten of aeund aicurlt'aa. N,.,?fr.r our ,'rUr le IndMduala and Initltullena with fi,nd te Invaat CenaervuKt; tnnrpluel occeHMla invHtil. McGLINN & CO. Ymm fitv fork Stock Exenanat Widener Bldf .. PWUdelphla Bends for Investment The National City Cemp - ernesa in mews tn nrrv cith'-, iy M 1 I 'j 1! rr H 'V ML&&4ihv' h fltt W. h 4 a.i t a