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WmmMm BKV' rttKTVZ..M, rtMZtXWKrAW' 'Vym' M r m - tji:. 1. i 'iwn 7. v ' wfli?' frVie , t? m N ,f J' " I . M ' ' f, wmwmwwm wwmmmmW'ir.wm . , - . t ' " i ' ? - . i 1 ' ' ' ..... i i ' " ' . ' ' ' ; i i i i ii ' " The American Refrigerator Transit Company fit Tiirufjiiiitttf Trust Certificates Uue ,luly 1 ltiJi-37 Issued under PhllaiMphla Plan Entire autherised nnd nutstind Inst r-ipllnl Meck i fits Com pany ril bv fhe. Missouri Pacific Hallrnnd Cnmpanv nn I the Wnb-ish Itnlln) Compan) Price te yield about 5.60r The National City Company Philadelphia 1417 Chestnut St. Atlantic City Chalfonte Biota 1225 Boardwalk E. H. Rollins & Sens I'ciitiilfd JS70 Investment Bends 1421 Chestnut St., Philadelphia Plinnp Locust '.llltl fronton cit Ymk lVfU-ri.ferrr Ilulttiiierr ( h,cane f" I raiirlsee Utah Light and Traction Company First and Refunding Mortgage 5' i Geld Bends. Scries A Due Oclebir 1, 1944 Unconditionally Guaranteed ai te Principal and Interest by Endorsement by the Utah Power & Light Company Price 91 and Interest yielding ever 5.70 mm aM ' Am Dcm r )K I e iiniilar en rrqucit n' Te Yield 4.60 m , i BOUGHl SULD -QUOTED I jf. Eastern Steel Ce. S'i 1931 I I?) Georgia Ry. & Pr. Ce. 6's 1947 g i f Weit India Sugar Fin. 7' 1929 B hi Phila. Snbarban G. & E. 5's 1960 : ) Federal Lt. & Trrcl. Ce. 6's 1942 0 Mijiiuippi River Pr. 5's 4 7'i H "t Empire Gat & Fuel 6'i, 7Vs, S'i N ' Penna. Ohie Electric GVs 1938 I i Atlantic Ref. 1st 5's 1337 Pkila. & W. G. St. Ry. 4 Vs 1934 I I i Harrisburg Lt. & Pr. Pfd. I ' i S. Jersey G. & Elec. Trae. 5's 19S3 I I I Mow3ft&Ce. m LAND TITLE BUILDING SI K 1- PHILADELPHIA PA. "1 jMfmbr I'lilluileliililj fleck Kiclianee 5 Free from Federal Income Tax City of Shreveport, La. Direct Obligation 5 Bends Due jfnnlli Fibruaru 1 1 2J, te fcbruaiy 1, 1601 m A.Mssrcl Viilmitliin, Total heeded drbt flits Usue) Iflln. JK0.1 Unci. s :i toe.och) Shreveport is the second largest city in the State, and is the largest manu facturing and distributing point within a 200 - mile radius. It has a wide vari ety of industries. Shreve port has always promptly met its obligations when due. Circular en Request m Ml 1 1 T , nempniiijiNoyesCcUe. "'" Members New Yerk Stcck iciani8 Franklin Bk. Bldg., Philadelphia Jiew Yerk Pittiburth Bosten Scrsnten botAngele Albnny Svrncme Biltimete Wilminsten Bridgeport (JWl CONVERTIBLE bends - of American corpora tions found favor because they offer the security of a fixed charge with a speculative interest in the Bteck into which they are convertible. Many of the bend issues of foreign origin offer safety of principal with like opportunity for profit through rise in the quota tions for exchange. We invite cnrresiionderce en thin subject. HARPER TURNER Investment liaiiltcrs Htmbtrs flJ(ej StecA Ereharrte , STOCK EXCHANGE DUILDING Philadelphia Scmnten ndit fr -?. A. M. & Ce.- Active Markets i tin' Bends and Stock ci til,' i Gearaia fly. & Power Ce. mitl the ,Geeriia f!u. & Elec. Ce. i Reed A, Morgan & Ce. atemlwrs of the Phila. Bleck Excn. Wtit End Trust map., fhUa. Tfletrbciiir Hprute Silt L KC 15 LOWEST CALL RATE FOR FIVE YEARS faleii 100 530 103 833 GOO 1300 300 300 1200 100 103 100 100 100 700 930 400 400 tee 2303 200 2930 1203 1300 100 833 200 2103 900 1500 630 300 100 1833 100 100 700 1700 333 500 200 500 200 2103 400 100 1200 100 12300 500 1700 103 1C0 430 100 203 900 COO 100 203 103 1103 300 100 700 1203 300 600 200 8903 400 1303 100 303 tee 1503 900 700 300 203 200 300 100 1503 300 703 103 2700 100 100 2330 103 3300 900 1930 203 303 400 i Mexican Petroleum Continued I te Monopolize the Spotlight With Mere Fireworks New Yerk, .lime 21. Prediction'. iwiuV t-emc months age flint money wns i likely In become ii ilrup en the mntket new pnrtl.N renlii.ed leilny. The open- I Inc nnd renewal rnle for cnll lenns wn tixed nt -t Per eent, the lewct since October 11. 1IM7. Tlilt, naturally, wni tlie m t Mtn iKlltic eent of the day. hut hm n market faeler intuited little. I 'I'hrie were ether fiiwnnble elements, Itteltullua: rani's new menthh record , In Mm and the "tntctnent of t Mini t man llUiiMin thai Ciui'lhlc Sled 1m run-I iiIiir Ht from Till In M) per cent of en- ' pnclh Thev likrle fell lint. All, luiiiils weie mere cenii-rned regnrdltiir. the tecliiiltiil side of the mniket nnd j hew much lenccr the lenceited organ ized ilriM1 against tlie short Interest would (eullniii'. Purther fireworks ec- i iiiitcd in Mexican Petroleum and a few ' tif ln-r selected issiic. hut the lendenev of the ceneral llt was t lint of Ineiens- ' tlln In ivliln lf , I .ludKlnc f tern the general hehnler of the market dmlnir the da. , It mih an- patent It hnd reached a stage where i mau of the piofissienal traders felt i 1 cemiielled te take position as sneeta- I ters iiiHtrad of -peculnter. Many of tthein had aliead suhtnined sne.li loses 'en the shett side us te exhaust their ' resources and weie se (seprely hurt ns 'te n lenseunhh listed as raMinltle. (Julie a (,'cod portion of the se-called I outside element weie likewise stiengly I disposed te stand en the side lines nnd I leek en rather than participate. This I was discernible in the teed diminish ' Iiik denliiiRs and the iinnewinK of nc- tilt te a icl'itiel smnll number of 1 selei ted Issues Metl the most sus- tepllhle te peel of speetilnthe iliipie 1 innnipulntien , It was nntiieable. hewetei. whetliei nitlll"l'il or net. some of tlie stocks which commanded foremost attention weie in extreme scant supplj and mecd up with nhuilt en bids for small blocks i of stocks McIc.in Petroleum. tilt 'maiiitiiiniiu the spot light, indicated this condition te an intense device. It ua move I up slinrply te li.'l at the outset, or .'I1., points abee Inst night's cln- ing. men cirepepu te iiu u en just ai tew s.iies, hut after that recatlen lt had another sensntlennl advnnce leuih ing I'll' j befeie mid-du.v. This made a net ndtance of 4'f!,4 points since Inst Thiind.-M . Other oils weie 1 te .'! points higher. but A phalt was the enh one te show uiij digrre of animation which was due i te the rankest kind of manipulation . Studebnker had n wide opening and nuicle n new high for jenr, but wlt.ii lliildwln and t ruelble Steel was Inter! subject te considerable piessure. Hun die.ippeil b the uucertalnt.x of th" strike sltuntlen tindiux in the mils ie mniucd Klugglt-h, although elne of the iestment issues were up 1 te 2 points. (Jreat Northern pfd. made nn e.uly ncl Mince en the dechuntien of the regular dividend but failed te held tin1 gain. Commodity Markets GRAIN MARKET I53J 700 903 1230 11633 2103 5400 1000 1030 1603 100 200 303 Chicago. ,Iu ne 21 Wheat was firmer ag.iln t lil- morning nnd up about '.-c te ''se per bushel, following strength lu the l.iterpoel market and reports of furtlier showers in Southwest linnest- i lng sections. Traders appeared te take little stock in lumers of black lust in l the Northwest and seem te regaid the ' upturn jesterdnj as chiefly n result1 of oier"eld conditions. There was further geed bujing in i corn this morning, which nchnneecl tlie pilec 'e te v eer Inst night's close. Oats were up :c en commission house support due te unfjiei.iblu cre,i ' news. 200 833 103 103 100 800 203 103 "57 0 1633 100 100 2430 303 203 103 300 500 4400 100 36930 1100 103 400 8003 i30 300 I 103 UO SCO 3 0 IOj 303 890J 933 100 100 100 6500 1400 32C0 600 2500 400 500 1500 400 100 500 1400 3 'JO 100 103 600 1103 3930 4J0 403 1600 403 600 103 1600 400 530 2403 c irn Irc c e ' Open l r. P M rule spt I)rr v hcit t:i! sen! I' inn Ju s.p. r nc Jlllv I.nrd 112 lIVC, rt-.'s tt cw il',i ' 1J. 1 I I'. 1 lii. ?,-. tTN 40 111 'i I U, V I ici'i i I -', i re, l IT a-'. i i.-. l i.". i in'-. an i:, te' SC) a-s 40', S'l's COTTON MARKET New Yer'-, June 21 Prices declined 14 te 21 points at the opening of tlie cotton futures market under liquida tion induced by expectations of one of the most fnvernble weeklv Government w either reports of the season. 1m 1m pievitig private oiep ndiices also did much te offset a shower) weathei map liuuufc. arh, was mestli f0 SM Snei' tricle and .lup.inesc acceint I.n'ei lilt llsi leceMicil half t it lci"s cm finis of mere n Ins j,j tl(. ,, t I'-i In is c ns -'.' si .'-' S I ..' Ml .'- Ill 2 J .11 jj r. Openmc 2J TO JJ I I JJ .'III JJ .'d ..' n '. mi J' .M I lllh 1 ciu jr lnn'isr iMnnh Mm Hid , NEW YORK COFFEE MARKET New erli, June 21 -The local coffee futures mtiiket opened at un changed prices The icccnt strength of t.ie later positions probable r tin ted biiving b ue.ir months i eilers and "cjt tenng siipimr' lni)lic"l b icpeit- that lnrl harietlug lef.rns n Hrtll tend, id te eenlirm imall ctiuiiitis of the c eniing Siinle" c top , A llle cable rerun ting an aclwirue of ' i r-. ... -nci ..l, ... . rr.... i .. , , i' i"- irm in twin-i- iiiiuii-s niere piemnnd a s,.aitered nilcldav demand for futures in this mm Iter which huicl eticd alncs a iltlle but iindlng lac-knl snap and the volume of lmsiness wns liBht. , upn 'i 'Oft 10 ill) i inii'i-. 'I Til ft SI) 'i Te 7.1 UiiTili Jul HIOT fepifmhi-r . 'i "it Iifembcr . ' T s Mnrc ii i, af Ma . 'I HI 1 Rav Sugar Market Streng ' Nen erl Jun JI I hi 1 tv hium mu- t M irenK lecln IS' ,r,,i unci frt-lwhi lelnu pi'Miulnit en n,tl' n -umi inin- mih mid cii 11 If-ir itrflfi' t, ic, nnillt'i ifinc-i nml 'i-mterd m .' u; -i Si fir fuh en linn Thn umiii ,u s r ppn ii thil hci flijjr n- nut nIi'Hlnnlil new In nm reHiiliin Snl, ipiirtnl w, re- 17", ClOi) hiRs t ihj r nirlfutcnlii full Hhl II c-nt Kt .I'm I'J thi FVdrrl IS r IIKH 1 ' 1 In, cenirlfuna 1 J11U i-hlnmcnt nt I'nc 1 cm nd friltrm in th N.iiiena! 4"00 b.ikx Phlllpiiln-" , en rlfuuiilx dui- In Aur 'st in l'i d,lterrt te Sjtlnn 1. 'UO ten" Phll- Ipi'liifi, rntrlfuitals Auvust urrUuln hi t.c 1 lllvrreil te ompert tflnr 7li ions Perte HI' 11 lentrlfujials et (u 1 1 f te ih 1 Vatlenal 3lifU ten" c utcik, luly imilinK Kt I,. I'J ill , .- 1. 11 1 0 ci in hhuijj if ViVifi il)1 1 lulj shipment nt lilc 110m unroriaiiena er d." unci hnsrs 1 ubiH tu the reclrnl ll 'jnci h?cfM ('ubqs te the meilcnli nnd TOCiii Ihih Perm lllcen te .Nu Hinal Ileflned nuaar rnHflcit aim dlsplujeil 11 "Hene t ni. th" redrnl m.ik n un Hd cjrr in '1 Id TIici ether nflncrs have net .I mlMinieJ ihe vnif hut It wiiii IninenslUle '1 lu tin cenuMfuibe qunnlli. nf s.inar f'.iri them hi IN1 He lei I ultlieuih lh jmiii inlilrs , IS.'.IS, fen mil at tllla fl-jun- Is vcr lnrr 'I hi I IS (III r,i 'ir is rtii-enscu in... rne.i nr ihi mhr .,, i.-iiflnc-rx ulll fn"e thi 1. il calHlillnheil uyl-l.."' tlu 1-VihiKl tWei.- loel.inc un fur'hi-r lual- 1(1.70. tim en jl He bnU In- -- .18.i(i, MONEY-LENDING RATES M".V ()RI( Meney en ..all Iciih iIm 1 nt inllaieml opened today at 2. or (.vnt for Iciidlna- and rcne inn. PHIL.UEU'niA Cull, B per eent: time, 4'i per rent; cemmerrlal paper, three te six niuntha, 4V te 4 per cem '.... I iNEW YORK STOCK EXCHANGE TRANSACTIONS I1IV In S .. .. 1 10 P it. Net STOCK ' Hlfili Lew 63 IB 52 15 681 49 ft 3914 45 47 27 164 5H 14ft 69 106?4 43 12ft 34 ft Ohm) .. Aclnma Express.... 63 .. Advance numcly... 18& 4 Air ".eductien.,... 52 .. AJnx Jttiuber 1314 4 Allied Chcm & Dye 68 J4 4 Allls-Chalmers .... 49 4 .. Am Agrle Chem... 39H Am Heet Sugar.... 43 Am Can 48 - - Am Cotten Oil 27 12 Am Car Fdy 164 Am Dm it Sjn 5H Am Hide & Leather I4U . . Am Hide & Leath pf 69 7 Am Ice 108 .. Am lnternat Cerp., 43 V 1 Am La France Kng 12' .. Am Linseed 34i .. Am Linseed pf.... 54$ 6 Am Locomotive. ... 114U 4 Am Itadlftter 9714 .. Am Safety Itnzer... 6J4 .. Am Ship & Cem... 19ti .. Am Smelt 60 7 Am Smelt pf 98 H 3 Am Stcel Foundries 37 12 Am Snuff 1345, .. Am Sugar Hcf ... 79' . . Am Sumatra 40 3 Am Tel . Tel 1204 12 Am Tobacco .... 140JJ 12 Am Tobacco 11. .. 139 Am Watrwks 8 P 31 ?i ' Am Woolen 90 Ji 7 m Woolen pf . 107 h . Am Zinc Lcl & S pf 44 .. Am Zinc t.d & Smelt 17 "a . Anaconda Copper . . 52 6 As3e Oil 120 6 Atch Tep & Knn Ke. 99 6 Atch Tep & S F pf 91 J .. Atlnn Blr Atlantic 3'4 7 Atlantic Coast Llne102J .. Atlantic Fruit 3' .. Atl CJulf ft W I S S 37 i Atl O & W I S S pf 26 .. Austin Nlcheh.... 28 7 Austin Nichols pf 85 '4 7 Baldwin Locomotive 1 16U 7 Baldwin Loce pf...112? .. Baltimore & Ohie . 47 U 4 Baltl & Ohie pf 604 7 Burnett Leather pf 93 tj .. Bnrnsdalt Class A.. 35 . Birnsdall class B . 29 U . Bstepllas Mining. .. I 'a 5 Beth Steel B 77'i 7 Beth Steel 7- pf 99 8 Beth Steel 8- pf..114 - Beeth Fisheries ... 8's 8 Broekhn 1-Mlsen ..106U .. Bl.ln Rapid Transit 24 H . . BUlyn R T ctfs of db 21 14 . Brit Km Steel 2d pf 34 i 5 Burns Bres 132 2 Burns Bres B 45V .. Butte Cep & Zinc. 7 '4 .. Butte & Sup Cep.. 284 .. Butterlck Ce 23', ..'California Patrel... b4H .. CnJ Zinc & Lead 8 10 Canadian Pacific. ..138 .. Case J I Plew 6Ji .. Central Leather.... 38 . Cerre-dc-Pasco .... 36 ! 6 Chandler Meters... 73 Ji 4 Chesapeake & Ohie 64 ?i .. Chicago fr Alten.... 1CHa .. Ch'cnge : Alten pf 17', 4 . t'hl t i; III (new).. 34 'a . fill & i: III (new) pr 52 .. Chicago & Gr West 8l .. Chi & Gr West pf 20 .. Chi Mil & St P 26 . Chi Mil & St P pf.. 40 G Chi S. Northwestern 73 ? 4 Chicago Pneu Teel. 654 .. Chi R I ft Pac 40 6 Phi It I & Tac Oc Pf 78 U 5 Chi St P M & O . 64 .. Chlle Copper 204 .. Chlne Copper 29K 4 Ceca Cela 67 i 6 Celum Oas & Hlec.. 85 M .. Celum Graphophens 4! . . Cel Graphopheno Pf 17 6 Cemput Tab Bee... 65 H .. Consel Curar 31 ft 7 Consolidated Gas.. 118 .. Consel Textiles 11J4 Continental Can.. . 69 4 Cern Products Hef 105 H 63 -18ft 52 15 I-68J4-49 ft 39 ft -45 47 -27 164 4, 5- 14 4- 69 i- 1064 -43 ft-12ft-34 ft- 1ft 154 .. 14 ft ft ft 54 ft 54ft- 11 2H114ft 97 ft 97 ft 6 6Ti -f 1 18ft 594 98 H 3694 134 7714 384 120 140 138H 31 ?a 90 ft 107ft 444 16J4 514 118 98 ft 9114 3 ft 102ft 3 37 ft 26 2714 85 s 114ft 112 47U 604 93 ft 34 ft 29 ft 14 7b '4 98 113 ft 8 1054 24 ft 21 ft 34 ft 131 44 7 284 23 ft 62 ft 8ft 137ft 6?b 38 36 '4 72 ft 64 ft 9 164 34 '5 52 8ft 20 25'4 40 73ft 654 404 78 ft 64 204 29, 66 ft 85 ft 4U 17 65 h 30ft 117 11 4 67 J. 1 C4 ft 48 ft 724 24 16 ft 34 ft 47 21 ft 119ft 1214 29 1314 82 72 43 22, 79 a 112 15 22 ft 164 I9?i 78 4 9J 4B 112H 87, 15ft 23 61 63 ft 98 ft 75 164ft 14 81 81 94 15 39 ft 90 ft 29 17 71 ft 38 94 32 12a 38ft 79 ft 75 ft 22 ft 20 ft 114 103?, 105 J, ft 4ft 10 ft 39 ft 1ft 3K 23 ft 'eft 104 19 ft 73 16ft 48 15?i 3C4 1 42 ft 4 234 40H 46 54 18ft 60 ft ) 984 4 37 r 134 -79 a 8 94-1 120 1404 139 r 31 ft r 9014 107ft 444 r 17 ft 51 V 118 -99 f 91ft 3ft r 102ft 3ft 37 ft 26 27 ft -854 i- 1154 11254 -r 4754 604 ft ft ft ft 114 54 ' 1 14 1H 154 ft ft 1ft 1ft 4 2 H 'ft "'ft ft " H ft 1ft 4 93ftE4ft 34 Ji r 29 ft 154 154 77 98 114 8ft- 106ft . 2454 21ft - 34ft r 132 45 - 7ft f- 28 54 23ft 64 54 854 137 J. 67, 38 36!i 73 -64 ft 94 -164 f 8ft 20 25 ft 40 r 73 ft 654- 40 ft 7814 64 -20- 29 54 67ft 85 ft- 4ft 17 . 65 54 54 30ft - 1174 -11 -C7ft 104ft -10, 73 -24 54 16? ( 34 54 47 -21ft- 120 123ft 29 f 13154 5a 82 - 2 43 r 23 79 54 112 15 224 16 ft ie; 802 93 - 48 -f 11254 - 87 ft-15ft-23 54 61 65 54 J- 101 75 165 81 94 -f 15 -39 ft 90 54 29 -17ft ( 80 384 -32 12H 38ft 81 ft 75JJ- 22 ft 20 ft-114- 104 106ft ft 4ft 10ft H 39 fi lls 3ft 23 ft r !6ft - 105 4 19ft 74 ft -f 16ft -48 16 31 1 -42 ft- 4ft -23 54- 41 r 47 ft- . 2 V . . . . . . Comlen fc Ce 49 V4 . Crucible Steel 74 i . Cuban Am Sugar.. 24 J . Cuba Cane Sugar.. 16J4 . Cuba Cane Sugar pf 35 H . Paison chemical.. 49 . Dcbeers C Mln Ltd 21 J4 9 Delaware & Hudsen 120 6 Del Lack . West .12314 1 Deme Mines 29 8 Du Pent (B I) C0..133J4 C Du Pent C1 deb pf 82 6 Kastinan Kodak new 72 3 L"lee Storage Bat... 43 i:ik Hern Ceal ... 23 D i:ndlcott-.fehnson 79 U 7 Hndicott-Jehnsoii pf112 Urlf 151 . Erie 1st pf '3 Krl Jd pf 16 '4 Fairbanks 19J S Famous !'lners L 80 ' 8 Famous Pliyeri pf 93 D Fed Mln 6. Smelt pf 43 10 Fisher Bedy 112H 8 Fisher Bedy of O pf 87 '4 .. Flsk Rubber 164 .. I-reepert Texas.... 24 3 Gen Am Tank Car. 61 .. Gencial Asphalt.... 66 '4 5 General Asphalt pf.10 6 General Clear 75 8 General Electric. ... 165 .. General Meters.... 14 H C Gen Meters pf 81 fi Gen Met deb 6 "J . 81 7 Gen Met deb 7 - 94 Glldden Ce 15 Goedr.ch B T 39 7 Goedrich B F pf . 90 dranhv Mining 29 Grav & IAiis. . . 17' j 7 Griat Northern pf 80 fi 1 Great North Ore puj j9' . Greene Can Copper. 32 . Guantunnme Sugar 12 Gulf Mobile & N of 38 V4 . Gulf States Steel... 82 . Housten Oil 761- . . Hudsen Moter Car 22 ?4 1 Hupp Motorcar. 20 J . Hjdraullc Steel.... 1 1 7 Illlnes Central .. 104 Illinois pf wl. . 106'i .. Illinois rts !4 Indlahema Hof .... 41. . Indian Refining 10Ks . inspiration Cen Cep. 40 ft . Inter Cen Cerp . 1 i Inter Cen Cerp pf 3 '4 2 lnternat Cem Kng 23 '4 . . Int Great Neith wi 26 Vz I Int Han ester new 105 . . Int Mer Marine. . . 19. 6 Int Mer Marine pf. 741-4 . . international Nickel 16J .. International Paper 40H .. Irilnclble Oil Cerp 1614 . . iron Products 31 2 . . Island Oil 1 ' .. Jenes Bres Ten.... 42ft .. Kansas i Gulf ... 4 "4 . . Kan City Southern 24 ft . . K.iser Ce new . 41 .. Kelly-SPB Tire... 47 ? FOREIGN EXCHANGE (!,1 ; Uiilgiirinn. .7.1. Serbian. l..'!."i New Ytirlt. .Iiini- lil. Op' "inc fiR- '!'' Sl'viiklan. I .111 '; ; .lux.. r.i In feirlun ..xi huiixee. letln hnwpil Hl'jlni. M i. r'f . ..! I iiiiiWi. 11 nvpiMil nf flu. upwiircl liinw-meiit In t li . 1 fi : Polish. 0U.W ; AiiMrlmi. .UOiO. iirciBic-h, 111 the i-leH- c.vtiitln.. Stcr- lliiiiBiirmii. .11 lint; Miiiccl at 11 drc-line of 11 c-c-nt nml, Yi.rfTEitDAr s ci.osine iroiATte.s .1... 1. .Iln,. itit. I.iuuiiu 11 urn Hiiklfilnpil In Stfillnir rrinis I.lre Cjullilerx ,. 0, ..chanaeh: Phe In francii. f!H' 1 llilKillllH. 1 In 111!'. lUL-ll till TOIJAS B OI'IIVINQ QL'OTATIONH Is iitlil fli.liiisii, in hiiiiiiith uim hterilnif rranca ! in intuits Diinlsli wiin unc hungecl, iiieniin.i 4 in while Nerw.ij nml Sweden lmw tl riiIiih cnbie 4,4jrj i.f .". nniiiis. ilie llrnt ini'iitlcinecl nrebll- - b,'i,1R i"ill'"'('1' ' nntlrlpntlen oil LIVESTOCK n M-rntiuiiN riil.nm .t,,n (jitetilttdll were 12000 hmcl !tmcly tn 10c hlcher tiettei Stfl litis (allies I I."i1. lieiminil , u-rmlrs iiiiiturcl stcerH nh.ivcInK B'l.un..; 1 I'll I . fT. , ,nl.l. M I'T ..liecl H S till H irl '" tH"( ll"t HISS IKluncIs bilk illt'lfflan ( Itble" S.li, !'( .-! . Ill I st mil tn strnnn, veal tultcs Hirmh sin I l.M. iln.kM 4.87l. : Sll. cables rr .dull bulk ilpslrnbli j .itern ,r j, js 1 hulk list ii,i,c kcr, $0 7."fc7 ! Inllk fin Mb Kt e-k -.(. 7 J5 Heicjh lltei'lptf 21000 teicl Ae In epinnl HiriinK te lde hluhci Intel stenh tie ,'n hlfchei- thnn 'IueiiIhj h icthS" IIUil xnnel 1 70 In JMH imunil li ' TIKIl'S, . 111 ."11 II lii.Utl Kenel 2IU In SOO piiunel acerHcii-s 110 IMfi 10 7,1 inn nil en ly nuiLtlral tnn 1 net I (Iiii'k C llC'C ItK c heck ISO." III'M'tll Dllllllll Xnniin Kedlh c allies cable" 1 allies dibit's e able I.i. Ill ; -M.:tll; lIKiri. . In el.H J.-I.7D : ullder clinks .1s...ri: iiiuikH, .III. $10 110 bulk, f'l Tin. iiriiiiiiini mi New Ynrk fluids in hiavy weiht .Mcintri'fil today n 1.1-Ki pei cent. ('",??,, "If!? .!!.,. .... I ........II.... .....!. I.. '' ' 'I 'V ."" I III' iliillllt 1111 llllltlllllll lilil.m 111 Niw Voik wiin ir-lrt per cent. Ontral Kurepunu vclmniscrt vrtre rnslcr. The (juotuttens: Itue'aninn, IHO Paiklnu hiihh r.il Pias $9 2.'. W 10,46. BHEEP Receipts 13,000 head, Lamba and yearllnia mestlr S5n lewer: sheep ateadyi top Idaho iambi, $13; ethers $12.00(313.85: u 1)1V. Hnlta Int STOCK High Lew 34 15J4 134 7454 7754 34 ft 61 '30 ft 110J4 1454 1254 5314 1554 28H 87 44 47 ft 58ft 42 ft 3154 43 66 Ji 23 116 167ft 2854 14 33 54 10J4 59 10JS 17 38 26 24 ft 19X' S3 2154 2754 18 14554 49 ft 93 3J4 17ft 65 V; 90 ft 73 79 38 J4 62 2854 105ft 62 54 42 54 8ft 75 Ji 34 ft 94 3ft 19 36 70 54 8 58 54 73 ft 67 8J4 41ft 10 83 30 6694 53 38 ft 8 62 Ji 97 364 23 77 54 76 ft 4254 45 120 48 J4 3154 1654 72 ft 52 31 Ji 71ft lift 47 54 45 ft 5954 47 4ft 26 ft 26 ?4 43 4 75 12 42 33 J4 44 76 ft 51 8854 22 54 53 ft 20 108 187 115ft 4994 49 1284 117 7ft n 34 10J4 47 48 2694 2794 81 54 109 53 50 15ft 40 63 ft 2154 136ft 75 54 106ft 137 94 12 25ft f5 5, 30 8 54 22 ft 54 ft 65ft 61ft 104ft 99 ft 119J4 63 46 31 49 12ft 12 ft rej4 13ft 1 1 ft 19 ft E9 38 54 9314 i9ft 13 ft 25 27 54 BJ4 17ft 8ft 44 160 954 3100 2303 100 1100 101 103 600 300 103 303 100 1800 703 7000 100 100 103 200 11900 100 2100 100 3030 203 41000 103 22001 280O 100 100 100 1830 200 100 400 1603 1630 300 103 100 100 500 303 200 303 100 1100 700 100 .. Kenneeett Ceprjcr,, 344 c Keystone T A 'Ic. 1654 7 Kresge S3 ' ....134 . Lackawanna' Steel.. 75 ., Laclede Gas of St U 7754 .. Lake Erle & West. 34ft . LnkoKrle & West pf 61 2 Lee Rubber 30 ft 7 Lima Locomotive , . 1 1 0 14 1 1 Lc-ew'i Inc 145 lLeft Candy 12 54 i Mack Truck 54 ft .76 Mclntyre new 16 .. Mnlllnsen Ce 27 .. Malllniien Ce pf... 07 .. Mnnatl Sugar 44 7 Manhat Elev Guar. 47 ft 6 Mar St nv pr pf.. 38ft ., Martand Oil 45 2 Martin Parry 3154 .. Math Alkali 44 ft .. Max Moter ClAss A 66J4 .. Max Moter Class B 24 ft 8 May Dept Stores... 116 12 Mexican Patreleum 1 76 ft 3 Miami Copper 28 54 .20 Middle Stntes Cerp. 1454 .. Mldvale Steel 34 ft Mln g, st Loul 10 J4 4 M St P A S St M.. 59 . Me Kan & Texas... 10 .. Me Kan & Tex (wl) 17 54 .. Me Kan & T (wl) pf 38 . . Me Knn & T 2d aw 26 .. M K A T pf 2d war 24ft .. Missouri Pacific 21ft .. Me Pacific pf 53 54 .. Montgomery Ward. 2154 .. Mulling Bedy 2754 .. National Acme.... 18 7 Nat Biscuit 145ft Nat Kn Ar Stamp... 49 54 6 Nntlennl Lead 93 ft . . Nat It R of M 2d pf 6 Nev Cen Cepper. ... 17ft 6 N O Trc A Mex 65J4 6 N Y central 904 5 N Y C & St L 73 Ji I V T r i n t. m ,i "q ft ft 4 400 2,J New Yerk Deck.... 3954 200 G Neu- Vnrfc r,l. n R3 2800 New Yerk N II A II 28 J4 7 Norfolk A Western. 105ft 6 North American... 62 54 3 North Amer pf 42 4 . North American rts 9 6 Northern Pacific... 76ft Neva Scotia SAC 3454 203 500 103 300 700 300 200 8500 200 200 100 500 14000 2E330 7200 44J0 2200 4500 100 700 200 2700 100 2300 200 100 54 Ohie Bedv A Blewer 1 54 H ft ft 1ft ft 54 ft 254 'ft ft 'ft 1 ft ft ft ft - ukir prod A Ref... . . Orpheum Circuit... 2 Owens Bet Mach.. " Pac Ohs A Elec... ' Pacific Devel Cern. 354 19ft 36 ft 70 54 8ft 3 Pacific Oil 59ft 6 Pan Amer Petrel.. 75ft 6 Pan Amer B 6854 . . i-annanuie 954 2 Pennsylvania R R. 41ft . . Penn Seaboard Steel 104 6 Peeplen Gas Chicago 83 . . Pere Marquette.... 30 ft 5 Pere Marquette pf . . 67 2 Phillips Pet 54 . . Plerce-Arrew Met pf 38 ft . . Plcrce Oil lift E Pitts Ceal 63 6 Pitts Ceal pf 97 . . Pftls JB- W V. 1.4 700 7800 1 Pend Creek Ceal!.. 24ft 100 5 Pestum Cere.il 77 m ft 200 7200 100 300 2200 0700 203 1200 1200 200 1303 3800 100 403 600 77005 100 200 100 200 233 300 700 103 . Pressed Steel Car.. 76ft . Producers Ref. . 43 ft 7 Producers A Ref pf 45 8 Pullman Ce 120ft . Punta Alegre Sugar 49 ft . Punta Sugar rts... 1ft 2 Pure Oil 314 . Ray Cen Copper... 164 4 Reading 73 ft 2 Reading 2d pf 52 . Replegle Steel 33 . llepub iron A Steel. 73ft . Republle Meters.... 11 ft . Renolds Spilngs. .. 474 3 Reynolds Teb B.... 4554 0 Real Dutch N Y.. 604 . Rutland pf 47 . San Cec Susar 4ft . St. Leuis San Fran. 26ft ii ft 14 ft 1 'ft 1ft ft 54 14 54 14 . st Leuis Southwest 27 . St L Southwest pf. . Saxen Moter . Sears-Roebuck 43 454 75 54 12 42 Seneca Cepper. . ft 30083 4 Shell Transport. 16500 .. Sinclair Oonsel., 34 ft 100 .. Sless-ShefTlelcl 44 200 7 Sloss Sheffield pf . . . 77 100 .. Se Perte Rice Sugar. 51 2300 6 Southern Pacific... 89ft 1700 .. Southern Rail 23 400 .. Southern Rail pf . . 534 500 .. Sulcer Mfg Ce 20Ji 3703 4 Standard Oil of Cat109 54 1800 5 Standard Oil of N .1187 54 1800 7 Stand Oil of N J pf116ft 100 :i., sterling Products.. 494 500 .. Stromberg Cnrb.... 49ft 70500 7 StudelmUer 131 J, 803 7 Studebnker of 118 7303 .. Hub Beat Cerp Oft 1200 .. Superior Oil Cerp... 8ft 200 .. Sweets Ce of Amer 3ft 303 .. Tenn Cep A clieni.. II 9203 3 Texas Ce 48 ft 400 4 Texas Gulf A Sulph 48 ft 700 .. Texas A Pacific 27 ft 1200 1 Texas A Pac C A O 28 1400 C Tobacco Products.. 82 54 300 7 Tobacco Tred pf. ... 109 1 00 . . Tel St L A W ctfs B 53 100 . . T S L A W pf ctfs B 50 3300 .. Transcontinental Oil 154 600 2 Tnmsue Wms Steel 42 ft U 100 6 Union Bag A Paper 63 ft 930 .. Union Oil 21 J4 1200 10 Union Pacific 137ft 203 4 Union Pacific pf... 76 100 7 Union Tank Car pf106ft 100 8 United Fruit 137 94 400 .. United Ilwv Ituest. 124 200 .. Unit Rwy Inest pf 25 ft 2833 .. United Retail Stmts 6654 403 .. U H C I I' A I'dy.. 304 200 ..US Fend Products. Qa$ 1300 ..US Heffman Mach 23ft 1200 ..UK Incl Alcohol .. 55 ft 703 ..US Realty A Imp. 66 3300 ..US Rubber 62 54 700 8 U S Rubber 1st pM06 18930 BUS Steel 10094 1800 7 U S Steel pf 120ft 200 2 Utah Copper 63 '4 1600 .. Vanndlum Cerp ... 474 200 .. Vn-Car Chemical... 32 100 6 Va Iren Ceal A Coke 49 300 Vhnudeu Inc 12ft 800 .. Wnbuh 124 1200 . Walmh pf A 29 ft 100 1 W.bti A Hellbrener 13 ft 303 .. Western Maryland. 114 100 .. Western Pacific.. 19ft 100 6 Western IMcllfle pr f9 500 7 Western Union Tel 99 100 4 Wen nuhouse A Br 93ft 1500 4 WiSUtiB U M M.... 59 J4 2000 .. Wheeling A L IZ. ... 13J4 200 .. Wheeling A L B pf 25ft 500 2 White Kagle Oil 27ft 400 .. White Oil Cerp.... 9 430 .. Wick Spene St Cerp 17ft 3200 .. Willis Overland... 9 100 .. WI11k Overland pf. 44 600 8 Woolworth F W...163 100 4 Werth Pump A M.. -.954 Et-dlUdcnd. ft 1ft l ft 54 ft 14 154 ft 54 1 154 254 'ft ft ft ft 3ft ft 1 9a ft 3ft ft '4 ft 4 ft 4 ft 'ft 54 ft ft ft 54 ft ft f der ends Hejih iireuml 11V Tep natlw li mln te imc-lcers ll.'.,n. ull mesili 111 nj iii 7 hi-st ilr frd cfiirllnui til. phi n.itlM' iv.ti In lilileir. Ill SO. IliiivltH uluunil ii, breeder hiicI fcifcleiH etcviclj. Kit lliuTille, . ium ji e.wiTI.E Itiielnts PJ'i hc-acl Htnch. ('ole. ie uim. 20.1 ticuil 2."ie lilKhei, ITiHll i!.. S M4 11!'." !l5 J! KiihV 4 lu 1. ,(h n ' . .T-",n". ."eciliiH -inn neiui Mtnndy In 1.1c 41 j5hI5". ,,'. HI -'f.n 1.40 mixed S11.4II .i..,' 1 "" .irkeru. 511 I.IKU U.115, llnht jerl:. TATIONH 'era ami nine. $113011.111) 'reuisl . $ I. I.lre (Sulldirn mass $aS0. 4 h7' 3H 5.1 . SHUi:i AN!) I.A.MIIS- Rerclpts, DUO tc cm 4 h7V 3m 5.1 H ,)7 , Ss 38 ue i,-.. a Ji .... ,.::.. -j-"i i.L-au. mcuuy. ueifiimmeii Plltsliiirah, Juim 21. HOaS -Ilerelpts, ltWI head, I.ewei Hrale, 111(1(1120; hca nnd llaht erlra Hnd i'b, $11,110, hllKHP AND I.AMI1H Itecelnta 300 heacl Steady Bhc'ii, fll.AU, lambs $13 t'AI.VKS Jtecclpis, l.lu head. Hlaher Tup $10 60 BANK CLEARINGS Hank iiiurlnmi tnlsv iiuppHrrd v Ith cm reniienllns dav lnl two vein. IU'jj HiJl lil'JO tlesinn fil.' llliil.iiul Hl.clKN l.'il R7I,M.;,II 1 I'IiIIh OS, 111)11 0U0 111,27(1 ill, HI OSII.I.H s" 1mk.7llT.000 000 IIH.1M.U0O 73I),07h2UI RAILROAD EARNINGS KANHAH t'UV HOUTHl'IlN SYSTEM 10J2 Increase QUOTATIONS "i -CATTM: r.ecelPiN 7."1l in li'i plKi. slun. uriii, $10 lii'Tin 711 medium JinilO , Jlll.h'iil 10 UO, light lishtH ruiklnc suns, smneth SU 25 rnuih. Ss.80iiil) 30. kill. .Mav nre.a . ... Net Hfmr taxes, l'h months' cresa Net nfter taxes, Decrease, $l,H7N,r,78 dti.i,iiee i, mis, iiiu.-.aue nr incq RPiiAnFR i . . i t 1 ".- ii p. jr. cricc, IN LOCAL 34, - 1 13J4 134 -r 54 34ft 61 3014 110J4 53 ft 87 44 4ft 58 ft-44ft-3154 -173ft ft 1 ft Mere Interesting Movement Oc- curred in Stocks Having Dual Market Here and New Yerk It was Hie se-called New Yerk slecks that recorded the mere JiitcrcFlinR tlmiiRPH In the local market, 'llils 1 wlillf net centnlnlnR any lecnl MRnlflcnnce nevertheless Imparted n degree, of both buoyancy and breath te the day s tlcnl Iiirb. The tradltiR alteRether In both the New Yerk and local fdecki was broader and A lnrger elume than for some days. With the exception of P. 94 ft 54 14 ft 94 ft ' 94 5ft It. T. prices were generally better. The profit-taking movement imitelly following; the renll7ntlen of a IenR-ex-pected event would apparently ncceunl for the rnther free offering of 1. H. JI. ami Mm toninernrr withdrawal Of the 2854 , -10J4 59 10J4 ft ft ft "ft ft 1 2 2ft Ji 94 erganised support' heretofore given the stock. There wns nothing. In all events; attending the dividend payment 17ft 38 26 24 ft-20ft-53 54 2154 or the rcninrkH 01 .Mr. .umen uiuu ence any chnnge of attitude. On the pentrnr. most ever) body concerned wan fnverablv Impressed. Nevertheless, the tcteck (entltiued te be fed out ysle matlcally nil during the morning, calls ltiR a further reaction te ,Wj. or J'i! points below the opening high mark ninde 011 tlie dividend lesumptlen. 'J he offerings were well Inken and these ap parently holding the bng had no Inten tion (0 de any bidding until U1I1 iraai iraai tlenal selling hnd run its course. One of the mere striking develop ments In connection with the trading In the lecnl group was the wider dealings In Philadelphia Klcctrlc Issues, mere especially the preferred, which was taken in considerable volume nt -0"H te HO, the hlsher price enunllng the top record. The ether utility Issues nt (he snme time maintained a netnbly firm (one. I. O. I. was still tnken nt 151. American Gns fell bnek te G'tVi after n fraction advance nt the opening. Ameiicnn Hallways wns picked up nt 1 !.(.. ft 2754 294 18 94 145ft 4994 t 93ft 5J4 ' I7ft 65J4 90ft 73s - .79 - 39 54 62 -2894-105ft 6254-4254-9 ft 94 94 "ft 14 94 3 1 1 , ft "94 ft lft 94 ft ' ' ft "94 94 ft Ji 2ft 194 54 ft 94 1 ft ft ft 54 "ft "ft 73 J4 -34 12 - 994 3?i f 19 36 ft f 7054 8ft 59ft 744 C8 54 994 41 ft 53 -38 ft- 8ft 36 54- 24 ft 77 94 76ft 43 ft 45 -120ft 49ft 114 3194 I-16ft-72 94- 52 - 32 -72ft 11ft 47 94-45ft-60 ft- 47 f 4ft Z6ft- 26 94- 43 1 454 75 -12 -. 42 33 Ji 44 77 T 51 53 94 20ft 108 187 116 4954- 49 r 131 ft 1 110 r Bft-i 8ft4 3ft H 48 484 -f 26J4- 27 J4 81ft- 109 53 50 1594- 42 r 63ft 21 J4 136ft- 76 106ft -1374 124 I- 25 ft 66 -30 - 894 23 05 66 6154- 106 - 100 - 120ft-i 63 ft - 46 -32 - 49 - 12 ft -12ft 29 13 ft 1 ' 5 19 ft -( "0 J 99 -) 93 ft 59J4-! 13 ft I 25 27ft r 8"i 17 ft- 9 44 r 163 ".9 94 IVnns)lvnnln ltnllrend continued te reflect n widening In vestment demand encouraged by the nddltlennl assurances of an eirlj restoration of the O.pcr cent dividend rate. Proof of this H'pndy linestment buying wns given In the stntement ceverlnR tlif'niimbcr of shareheldei.s indicating a grudiml no ne no cumulatien by the larger investors. American Stores also gave further evi dence of accumulation ruling II nn at 11!2. Smnll lets of Cnmbrln .Iren were taken at 40. Hrill remained unchnngel nt 4PS. Philadelphia Stocks 1 ft ft 1 94 ft 3 194 ft ft ft ft ft 94 ft ft 94 ft 94 Ji ft ft ft ft ft ft ft i.n p. M. Net ChKS Hlsh Lew .'l.-iAm Sirs.. 11!L 122 122 Vi lOlAm Ixice.ll!! liaaj 11341 20 Am S & C 111 111 111 !, neAmflM.. mt (ir.i, erjij.. inOAm Hwys 141,4 14 Vi 14Vj.. .15 Raid Lec.l1fii linVi llBVi2 10 Hrill J G. 41 41 TH 41.. lOfCallt Pet. Km ai:)i 3ai2 80 Camb Iren 40 4X1 40 . . 40fDnv Chem 48T'S -1714 47V4 -?J 200 El & Pee ctf flrtij HO'j ftevi.. 20 Elec Hter. 43 4.1 42 Vs L'. Krie Light 2.1 , 2.1 w, 2.T1 V, !- 241 Gen Asph (10 0.1 20Gen Mtrs. 14 14 (infOt Ner pf 80 SO no in Ce n a .Try- :"u. 100 linke Sup. 10 10 5 Leh Nn v.. 7It ".'! lOtMnnatl Su 4.1Ti 4.1T4 114'I"i Hs-f Vi SO .. TT Vi-. 10 y4 7.1 Vi 43A- Vs lOtMex Pet.l7e'4 lWt, 175 4 5 lOtN Y X II ft 194 2 54 ft 54 14 & II... 28- 2ft. 20tPnn-APet 73 7.1 52S Pennn H It 41 41 25fPennn fibil 10 10 21(1 Phila Elec 28 28 11(51 de pref.. .10 21) 12.111 Phila HT .II-:, .111'-'. (1 Phila Trec C5 05 20tPreducers At Hef.. 42-t4 420', 2'W) Hnclle Cor. 44 !' 10 Heading. . 7.1 T.V 1H0 Sinclair.. WAV, :,4i, 28 7:tlV4 H Vi 101', !)' 2 V4 ,10 1? .14 1 . 05 1 42,- ', 4:1, 1 7.1 14 ft ft 1H lft 1ft ft . Wfi V-rn lOtStudebkr.l.lli'i 1.10. i:ni'f4-''i. 01)0 Tone Mln. ! 113 17s 20;i'nlenPac.iaO''. L'tOVi 1.10 i', 50 rniniiTinc :t!y. .i!i, .1'iuT 1, UO I'd I.... 51 " Til " 51 - 14 105 de pief.. 5.1A 51Vj 5.1'.. 50tWlll)N-Ox 8H. 8U, HU',4. 8 War I&S. Si fitj S'T. tNet chanRc, made bv comparison with last sale en New Yerk Stock KxcheinKe. I'HILAnKI.I'lUA BONDS 100 Liberty ,1'As 47 Ilfi.SO 25000 Liberty lft 4s '47 KM) "0 1000 Liberty 2d 4V4s '42 100.00 25000 Liberty .Id 4V4s '28 100. OS 50000 Liberty 4th 4V4 MS 101). OS 2000 Liberty 4th 4is MS KKI 10 uni i.ieetty Hli -iftK ,18.. 1000 Victory 4 "4s '2.1 2(100 Kevstenc Tele 1st rK.. 1)0.70 100.. IS 1 801'. II!) " s,l ', no-;; KiiV. 82 1100 Philu Electric Int 5s.,lets 1000 Phlln T.lectilc 1st 5s.... SIMM) Phila Electric 5s 1000 Phila Hie -trie (Is:.... 1000 Heading general Is LOCAL MINING STOCKS TONOPAH HTOCKS nh Ilnj cj- Jlm Mutter '..... Oft AlHrXamara 07 t'rrncnt 0 . Midway 10 Mlzpiih En nn V'untiinn, ns Nnrlh hur in Iti-Kcuc Ku n , in Innermh V.xi . mi. Aslcei .fill (17 .0(1 .clT 14 CIS .11 IJ it) .III . Vcm Unci ; n4 Wen Ten ,111 I 14 ci.' III 'A UIVIDK SIOl'Kri , milieu uiv ;f Alie DU Mi Ilelihn 1 U 1 llekher Ex . . 1. 1 llmus'h Die . . f? 1 nilde Ext ,. 'A l)l fen .... .nut, ,0ni, .(11 01 ,04 .I.". ,0J .11.' .Oil .111 .1101, .miVj '.u ,111 ,ej .10 01 in ,ej .01 .nn .17 04 ,0,1 .01 .08 .11,1 .01 ,01 .70 (14 ,dj 01 .11 Iihldrnd . . EiiMt DIV . ... Hnnnlll . ... Knox Hllur Kin ,., Sutherlnnil . "cm a nh til Ten llapbrciuck Victory f)lv . . Venlo DU Zone , . . , V Vt M Hi OOItUPIKLD MOCKS Ilnntli (IJ Comb Plan , . c'ihi Icerjacl, Dlum II JI . Klnicreit (Inlilf "oil (ielil !), (lelcinihl Deep Oreat Jlend Jumbo Ext . KcwaiiHM l.enn Htai , . . Ore lint HI. Is Hller Plek .. Spcalhcad . . .III .0.1 ' ,2C1 .07 .(IJ ,01 .01 .0J .01 .111' !ej ni 01 Inn .01 .11,1 01 ni .111 .01 .nt .02M, .111 ,0.1 ....,.. - , .MISCELLANEOUS no l.'t en Ainparn , ArU United t'Hlednnlii . Cundc-larla Emma Miner Eureka I'rniH Euret.,i llnlly llci-lii , . Muriih Mnlhei l.ml Vtv IIIIIm ,. s Wonder r.ceress .. 'Iiicipic Mln Veb ami While Cani Wllbcrl . 1 01 .211 .OS 31 .02 ..'II III 1)11 1, .211 1.1 (IJ .20 CI If. 17 Ml 0 1 Ill II 211 00', , . ,111'fc 21 II 1 .21 ,(IJ M .07 .nj MARKET M.Ws IKtlM HIE WKNT One of the innst Milur.hli- features nf Hip (luslnens and rinanilul Section nf th" .Morning Punic Lnuisn la the dally ncwa dlspatcb by Clinten II. Eans, editor of the Economist, ard a national authority en llnanre and Industry, "Matee It n. Habit " Adv, A $14U,40J aj 813 M m M e D Y S R A T I N G B O O K S E R V I C E P R O T E C T S "Packed Like ail Egg" ' ' . Moedt 8 rating BOOKS, in four large volumes, are packed likeah eggwith -facts and figures en Railroad, Industrial, Public Utility nnd Government and Muni cipal securities. Merb than 30,000 bend and stock issues are described, classified and rated, accord ing te therfr .quality and 'ether character istics. FimTHEn, the volumes are supplemented throughout the year by monthly bulletins of new and revised ratings, monthly bulle tins of current earnings, etc. ... Thus, the Rating Boek Service results as a clearing house of financial and investment facts and opinion, and m a sure guide te a safe and sane method of investment selec tion, v' Ask yourbanker banker about this Rating Boek Service. He iises it, and would net be without it. Moepvs Investors Service 35 Nassau Street, New Yerk City BOSTON 101 Milk St. PHILADELPHIA RmI Etta Trait BU CHICAGO Firtt N.Hil Bk B1J The First National Bank of Bosten The leading financial institution of New England Foreign and domestic commercial banking of every nature Correspondence solicited Eastern Pennsylvania Railways Company BTUUKItllLiIlEKH' FKUTr.i; 1 1 VB tlMlOTl 11 r.t. CKEATEII BY DEPOSIT AOKEEStENX DATED OCTOBER 1, 1021 NOTICE OF ADOPTION OF PLAN OF REFINANCING Netice la harby clven that the underalined Stockheldtra' ated by a lTetcctl Asrement. dated OcteMr 1. 1VJ1. tKtwer-n tlie Committee Urat part, Commercial Tiuat Company, of Philadelphia, Depositary, et the second pan and aucb heldera et th preferred and common ateck of the Kaatern Pennaylvanla Hall- ways Company as have become part-ea thereto by depealtln their shurea of aterk ttnft under, CeniDany and that a Company and that, a copy of auld p.an haa beei et Philadelphia, Depealtary, Protecthe Aureemcnt en or prier te June 8, 1022, will be deemed tu !ae atienlM U M nlan The undersUned Cemmltten ehnll have power teldetermlne whether a sufficient deceit! or eeeent haa been mode te justify declaring enld Plan epernthe. UOIJEltTS. MOXTQOMKHY A. H. lilEItCK A JtcKUEIIAN, Counsel CI.AItCNClS M. CLARK Uerrla Uulldlnr. J. O. WHITR ' Philadelphia, U Spruce 8200 LIBERTY BONDS m;c iiiitii;k dcpaiitmknt COMMERCIAL TRUST COMPANY .Member Federal KewrTi- Syktem City Hall Square West I LIQUIDATION SALE Announcement! POTTER-D1ES1NGER MOTOR CO., INC. (Established as Fiat Ce. in 1910) DISTRIBUTOR OF FIAT ITALIAN AND ELGIN CARS Will be sold either afl ci Oelns; Concern te u auccesaer with tliu opportunity te secure Flat nnd i:iRln car distrib utorship fei Philadelphia territory or. 10 thi: PL'iu.ir, ut cm prlcec, If Mich successor Is net found within 11 few dayH FIAT Teurini Can Sedans Town Cars Elgin Tenrini Cars and Coupes Parts for Fiat Elgin Rosmer Cars .Mai-lilnerj. tool unci futures nlth l.eiihe of premises 3,1 120 feel, three) Deers. Interviews A. J. Diesinger, V. P. 2207 Chestnut Street MiTIJt Te it clealer with a iireper hetiirl(.. 1 milt inn lie rktrmlril. TAX EXEMPT BONDS YIELDING 64 Security ? 1000.00 Amount of Lean .... 8S.71 E1ully 9I4720 V, W. MILLS & CO. Htetk XUthanrs llldi., Philadelphia ePiFftacS"ST phvSL i J asWSktasj i malm: a 1 SBTRf i 'mrf& iH LOS ANGELES P.elfie Msrutl Bldj i ( Li Protective CemmlUte, ctf , "I tM ins ei eaia uasiern rennnyivsnia iiauwari n illid with the Cnmrnnrrlil Trtim CmMii. te Ci le Depositing atockheldera who de net withdraw from ali H. ii. di:an ., BAtlUKf. U WAnniNBB AI. AI. 1T.E1-.MAN Cnnimlttie C. IlOl'SON. Ueiretarir, 01 Ureadway, New Tin Te Helders of Liktrty 4'4$ . Vietiry 4$ In our opinion, this is an opportune time for these considering exchanges for ether conservative bends, te obtain higher rates of interest. Our reasons therefer, together with a list of carefully selected bends of various classes suited te all incomes, and bear ing our recommendation, will be sent upon request. Harris, Ferbes & Ce Pine St., Cor. William NEW YORK PHILADELPHIA OFFICE Widcncr Bldg. Telephone Spruce 7040 Public Service Cerp. of N. J. Perpct. 6s Te Yield About 6 zr Newport News & Hampton Rwy. G. & E. 5s, 1944 Te Yield Over 62 co EuRISTINEfice. Vniivrn Buildine. TWamvthia NrvyenK euXADBTH HJ lffjjsAnsAf a iftA Cm Public Service Cerp. of N. B Cumulative) Preferred KarnlnB 3 times ilHIdrnd reimlreriienla Price 106 Yiel 7.50 R. L. BOSTON & CO. Uemttr Phila. Bteck Stch. . '111 WAbNUT T PIIHeA. BiHUce 133 ntlrf (17f7 . i 4 r-w I 1 A- f j. i.'?W .K...S tu 'J&. Lu5"W.f: .uif;'iM "(' ''tc'A