The Los Angeles Times from Los Angeles, California • 15

Wednesday morning. JUNE IT, 1931, PART 1.1 15 I NEW YORK CURB STOCKS WHAT OF THE MARKET? 2EW YORK. Juris 16. (- The curb market wan rather soft durin much ol INTEREST ON MARKET LAGS General Drift Lower Until Late Rally Brings Upturn; Sales Only 1,091,000 Shares BY CHARLES W. STORM Editor, the News Service of Wall Street (Cops-right, 1931, by North American Newspaper Alliance, Inc.) today's session, but stiffened in the final dealings.

Trading was still at low ebb. with speculative interest dormant, and net changes at the finish were mixed and largely narrow. Transfers aggregated 210,000 shares. So. Nat.

Gas Southland Royalty S.W.Bel T. Standard Mot. Stand. Oil Stand. Oil Strasss, Nathan Straus Roth Stores Stuti- Motors Snnray OH Swift ft Co.

Swiss-Am. tlee. pf. Technicolor Ine. Teck Hugh Gold.

Thatcher See. Todd Shipyards Transeont. Air Tr. Lux D. Pie.

A Trl Ltllities Tung Sol Lamp I'nserlrider Fin. Union N.G. Enlted Carr Fast. Lnited Corp. 8 6 8 4 80 122 1 82 24 1 18 1 3 1 8 20 18 1 1 20 1 77 16 11 7 6 2 1 44 'i 4 6 20 5 1 7 1 28 4 10 1 4 14 0 20 5 NEW YORK, June 16 Irregularity today marked one of the quietest sessions the stock market has had for many months.

The turnover was slightly above 1,000,000 shares, the smallest since August 1 of last year ibe decline tn V. 8. Steel common warranted by existing eooditionaT Wast is the outlook for Warner Brotheri Pletares? What market actio is anticipated lor the Second Qrsoa bonda? These, and ether pertinent suestlons are answered daily by the statistical staff Dew Jonea Co. A new investment inquiry department is now available to subscribers. Inquiries anawered by mail.

Pariltc Coast Edition WALL STREET JOURNAL OH VAN NUtS SUIIOINO. lOt ANOKLKJ, ZU.W. 1 5 89 an ii" 20" 1 1 1 999 6 2 6 6 4 '4 87 27 10 9 6 5 814 6 20 20 "iA '4 2 '7 '7 88" 40 when the day's business totaled 1,091,210 shares. Prices were generally lower dur-failure of the general market to California Municipal Bonds AT PRESENT PRICES OFFER. A SUBSTANTIALLY HIGHER RETURN THAN COMPARABLE EASTERN OBLIGATIONS.

THE DIFFERENTIAL IS SUFFICIENTLY GREAT TO BE OF A DECIDED ADVANTAGE TO INVESTORS. OUR LIST OF OFFERINGS CONTAINS A COMPREHENSIVE GROUP OF CALIFORNIA STATE AND CITY OBLIGATIONS. get anywhere, the street continues hope! ul that the worst has been There is less pessimism now Oils gave a better account of themselves late, Vacuum sold up 2 points on denial that a new exchange offer would be made to effect the merger with Standard of New York. It has recently been selling considerably out of line with Standard of New York on the basis of the proposed exchange, which is equivalent to three shares of Standard for one of Vacuum. Vacuum closed at 40s.

and Standard of New York on the big board at 16. Standard of Indiana was uninfluenced by omission of the S3 quarterly dividend of Mexican Petroleum, which it controls through Pan American Petroleum and Transport. Indiana closed higher. Cities Service eased, then recovered. Utilities moved narrowly.

Electric Bond Share finished a shade higher. Among the few coppers left in this market. Newmont dropped more than 2 ing the early dealings but firmed up in the late afternoon and closed with mast Issues showing net gains. There was little of feature to the inn. rounders Lnited Gas Do.

war. 117 1 day's business. piedmont XL 6s '00 A Piedmont No. By. 6s '54 A Poor Co.

6s H9. Potomac Ed. Do, 4s 'CI Pub. S. N.IU.5a'60C Do.

4s '81 F. Pub. 9. Okls.5a'670 Puret Sd. P.AL.

6i '49 Do. 4s Repub. ti. 6sA'45. Boch.

CP. 5s '53 St. L. G.AC.8s'17. Shawing W.AP.

4s '67 A Do. 4s '08 Do. 6s '70 C. Sheridan Coal 6s'47 S.EJ.AL. 6s 2026 A xw So.

Cal. Ed. 5a '41 Do. As '5t Do. Sx '52 So.

CaL G. 5s '87 Do. 4s 61 So. Nat. G.

6s '44 So. Nat. G.6s'44xp S.W. G.ftE. Stand.

G.ftE. 6s'S3 Do. Os '35 eonv. Do. 6s 6I Do 6s '66 Stand.

Inv. 5s'37xw Stand. AL. 6s'57 Stand. Tel.

6s'43 Sun Oil 6s Supcrpew. 111. 4' is '68 Swift ft Co. As '40 Tenn. EI.

p. 6s'56 Tenn. P.S. 5s '70 Tex. City G.5s'48.

Tex. El. Serv.Ss'HO Tex. P.AL. 6s2022A Do.

As '56 Trl Will. 5s Lnion Gulf 5s '50. Id. L.AP. 6s '75.

Do. 5s '59 Wn. L.4R.T. 5s'52 Do. Os '52 A V.

S. Bub. 6s 'S3. Do. 0s '33 Do.

6s '37 Do. 6 '89 Van Swer. Os '85. Vlrc. P.S.

6s '40. Do. 5s '50 Waldorf Ast. 7s '54 Warren Bros. 6s'4l W.

Tex. Itil.SsSiA Wise. P.ftL. 5s '50 York Ice 6s Complete Imtstment Facilities Available Throus'i Any Branch of Banof America H.T.&S.A. California 13 83 81 81 82 1 .80 2 103 108 17 97 97 4 103 103 16 08 97 98 1 100 12 10 101 10S 25 94 20 88 85 '88 8 67 67 3 83 8 97 1 OS a a'a 1 104 1 4i'S 5 103 108 108 7 103 6 100 105 15 105 A 94 1 0 80 05 05 3 61 65 2 96 1 100 a 100 100 IS 07 07 87 6 90 90 90 1 76 9 94 94 2 78 6 101- 101 101 4 91 13 100 A 103 5 99 1 4 13 100 100 2 110 8 102 102 103 86 31 26 28 20 102 5 92 93 92 3 103 103 108 89 88 88 88 8 107 107 107 9 80 85 86 3 91 1 60 1 60 15 83 61 1 83 6 88 88 2 67 55 2 82 80 83 7 85 84 6 103 102 3 83 pf.

I Lt. Pow. A 15 I nil. Milk 1 Gentlemen: Kindly enter my name (or 8 months trial subscription at 83 (or the period. 6 2 76 20 1 60 4 2 70 7 23 Railroad stocks were an average of a point higher due to reports that the carloadiiigs figures for the week ending the 6th inst, would show an increase of about U.S.

Dairy Prod. A tlee. S. Lines pf. Ltility Equities pf.

Ltil. Pow. ft Do. ctf. Vacuum Oil Name points on omission 01 us si quarterly dividend 40.000 cars over the preceding week, 7S 41 The closing price Is omitted when same Address Heaviness in the early dealings was due, in a measure, to reports of a Domestic Bonds -(Sales In 81000) Ala.

Pow. 6s 8 104 Do. 4 '67 15 89 as low. and now low ana Close wnen same as the high. (Sales In Stocks Hundreds) High Low Gloss Affiliated Prod.

llVa J7 17 Allied Mills 4 5 Aluru. fca. Am. aa 550 llOVi 109 110 Do. 6s 'AS I 103 drought in the Northwest.

The transactions were almost entirely professional, and many complaints were heard in commission houses of the total absence of Alum. Co. 5s '62. Am. Comw.

P.6s'40 Am. ft Cont.5s'43. 10 104 4 67 4 79 104 104 66 67 Stores ior SALt- Am. LI.P.8s'57A. 1 00 Am.

5s 2028 28 09 In Clasalflcstlea 110 Times Classified Ads 09 85 2 87 Am. Os Do. 5s '58 BankamericA Company Los Angeles San Diego San Francisco Window Dressing Notwithstanding the dullness and Am. P.AL. Os 2016 8 13 108 Am.

Koll. M. 5s'48 15 78 Do. 4s '33 16 98 93 Aunalach. G.

6s'45 20 66 83 Do. 6s '45 8 40 45 than there has been for many months, and the street was inclined to view President Hoover's speech with some confidence. This is quite a change of attitude, as statements made by executives at Washington have in the last year been viewed with skepticism on the street. Confidence in the probability of a strong stock market in the immediate future is growing, and one reason is that the street believes the hanking institutions will endeavor to mark up prices of stocks in an effort to make a good showing in their statements of condition for the end of the first half of the year. Westinghonse Dividend Westinghouse Electric continued to be offered at the expense of price and closed with a net loss of more than a point.

Rumors continued to be circulated that the dividend would be reduced, but after the close of the market announcement was made of the declaration of the regular payment due at this time. This action is expected to precipitate some short covering in the issue tomorrow, inasmuch as the stock has recently been a target for short selling. The action of the Westinghouse Electric directors in declaring the regular dividend due now is accept, ed by the street as an expression of confidence on the part of the management in the outlook for general business. 93 54 46 Bo." Df. Alum.

Ltd. A war. as Am. Br. Boy.

Am. Cap. prl. Am. Cit.

P.AL. A. Do. Am. Com.

Pow. A. Am. Corp. Am, Cyan.

Am. Dent. St. Am. Equities Am.

r.r. Am. baa El. Am. Light ft Am.

Maraealba -Am. Meter as Am. Super 1 00 9 18 1 1 65 1 81 7 6Ta 7 12 1IH IS 8 4 4 4 6 7' IVfc 7 13 lis 1 l's 7 4'Hj 4 4 14' ll'i 147's 8 B8-'i 5TVt 68 SB 8 IS 40 88 1UT 10'A im 25 ft 11 S'4 8 2 8 4 6 18 4H 4 1 5 8 1 8" 25 3s 8 8 10 6 4'j 1 1.V4 12 17'4 lO'i I7'4 irs. r.ftu us jmt'fr Asso. Elec.

53 14 89 89 89 Awe. G.AE. 5s '3S lnv. 4 81 64 Do, 5s "SO 46 76 72 75 Do. 5s '68 120 75 74 75 Do.

4s '49 63 60 65 08 Asso. Rayon As 'CO 5 68 Aaso. T. ft T. 5Vss '65 A 4 88 88 88 Baldwin L.

A'is'SS 10 994 09 Beacon Oil 6s '86 5 98 Bost.AMe. 4-W61 11 95 95 05 Can. Nat. By. to.

Foreign Bonds Agrl. Mtg. Bk.7s'47 4 73 Buen. A.Pr.7s'17 71 78 69 71 7a '33 12 10914 100 Do. 4a C6 11 101 100 109 101 Cent.

Bk. Ger. 6s '61 Chile Mtg. Bk.6s'81 Com. Prlv.

Bk, 6s '87 Dsnisb Con.As'55 Do. As '63 Ercole Mar. El. 8s '53 A Europ El. 6' is 65 xw Europ Mtg.

s'6C THE WORLD'S LARGEST BANK the world's largest trust company and the oiliest bank in the United States are only three of the 23 outstanding American banks whose ttocks underlie TRUSTEED AMERICAN BANK SHARES. An investment of comparatively small amount permits you to share in the future profits of the entire group. Current distributions amount to over 8 on present price. Write for folder. Am.

Am. Yvette Angle Chi. C. Appalachian Gas Do. A war.

Arctunis B. Tube. Ark. Nat. Gas Do.

A Oo. nf Also. El. Ind. Ltd.

Asks. Gas ft Do. A Da. war Atlas Plywood Atlas till Do. war.

Avla. Sec. Bellan. Air. Benef.

Ind. Blokford cap. Aomin. 5s '53 A xw 10 81 Caro. P.AL.

6s 'SO 8 104 104 104 Caterpillar 5s '35. 43 99 Cent. Aria. L.ftP. 6s '00 1 100 Cent.

III. El.ftG. 6s '61 2 96 99 4T. 5 tent. 111.

r.s. 5s '68 Do. 4s '67 F. Cent. P.ftL.

6s '58 4 101 9 93 4 93 Cent. Pub.S.58'49 54 72 16Ts IS 61 62 Cent. St. EI.5Vs'54 14 62 8 6 8 1 1 1 3 1 1 2 1 8 SB 1 4 68 88 91 92 9 79 79 101 1 99 2. 70 8 68 22 78 78 10 91 93 94 25 77 75 70 30 08 65 68 5 25 12 74 73 74 6 70 65 2 74) 9 66 3 87 87 B7 16 93 f.3 2 60 A 83 39 33 1 63 11 68 8 5 2 63 4 00 16 PO 89 1 S3 7 78 78 78 4 IS Blaanera Do.

6s '48 Ger. Cons. 5I.7s'47 Do. Os '47 Guan. A West.

B.K. Os '58 A Hamburg EL5Mts'38 Hanover St. 6s'49' Hung. ItaL Bk. 7s '03 AC It.

Sup. Pow. 6s '68 A xw Melbonrne El. 7s '46 Nippon E.P.6'is'63 Prussia El. 6s '64.

Bio de Jan.6.4'59 Blue Kidae 12 2's 15Tb im 20 8V 18 26 4' 2'4 20 19li 2 9 69 1 65 1 104 10 20" 2V4 Braiil Tr. Bruce, C. L. Buf. Niag.

E.P. pf. Bulova Watch Can. Mare. Carlb Sjn Name Aidrttst BlARTLBY Ro gers Company 650 So.

Spring Los Angeles. Phone VAndike 7161 1411 FOURTH AVENUE SEATTLE Cent. St. P. I.

6s '63 Cent. Ver. P.S.5s'69 the. Dlst. F.I.

4s '70 A Do. 5s '35 Chic. By. cod.55'27 Cirar Stra. Real 6s '49 A 1 92 8 101 9 101 1 68 a Middle West Utilities (Aa Insull Company) 6 Convertible Preferred Stock NOW vou can invest In the companies of the great Insull Group -one of the largest and most progressive groups of public utility companies in the United States under our Monthly Savings Plan.

Interest at 6 is allowed on your payments. Middle West Utilities System serves 4741 cities in 30 states. The above stock is listed on The Chicago Stock Exchange. Dividends are being earned more than seven times, Net earnings for 1930 increased 14.7 over 1929. 4sk for our newly published, illustrated folder, containing an analysis of this company Phone, write, or call for Folder Utility Securities Company 650 S.

Spring Phone Michigan 2171 Carman A as xd. 60 Ruhr Chem.6s'48A. 1 66 a 9 11 7 Cent. Poo. Serv.

A 10 ll'ss 1H4 Cent. States 8 Cin St. Car 6s 60 Do. nr. xw 2 19 10 63 52 A Cities Srr.

As '66. 1 Chain Stores Chain. Ph. Al. n.T.

63 63 64 65 OS'i 66 Do. 5s '50 482 Ruhr Gas 6s'63A Buss. 6Vss ctf. N. C.

'19 Santiago 7s Do. 7s 'l Saxon P.W. As '32 Stinnes 7s '40 xw Ternl Elee. 6's'53 tail. EL Serv.7s-56 1 18' xd Cit.

S. Gas 6s'42 2 60 00 80 73 11 Cities Service 165 11 ns Do. pf. xd 1 72 27 Cities S. G.P.6s'43 Cit.

8. Fk5s'A2. Here. EL Ilium. City Marh.

1 Claude Neon 5 7s '41 184 4 4 8 Colemb. 8.n 167 Dividend Changes During the day the market had to contend with a number of downward revisions in dividends and the omissions of them at this time. Perhaps the most important announcement was the reduction by the American Smelting and Refining Company of the dividend on its stock from $4 to $2 a share annually. Howe Sound, a oopper company, also reduced its payment from $3 to $2 a share yearly, while the Newmont Mining omitted the dividend due at this time. International Telephone and Telegraph advanced more than a point following alhouncement that the company had acquired a dominant Interest in the L.

M. Ericson Telephone Company of Sweden, Leading railroad shares closed about a point higher and reports were current that a number of the big common carriers would in their statements of earnings for May, to be published in a few days, make a better showing. This was declared to be particularly true for New York Central, Erie and Missouri Pa. clflc. I nAa- ISLBHHI Comw.

Ed.4''6D Cons. Gas Bait. Colum. 0.4G. vie.

1 year ago. 1.557,100. Total boad sales today, 8S.5OO.O00i year ago, $3.647.000. 6 14 3 lOVj lfl'4 Comw. 8.

war. Comm. Wat. Serv. 1 105 8 105 108 2 105 4 58 81 98 6s '62 Do.

4s '70 H. Comstork Tun. 7 Cons. Gas lll. 1 anmii Birn ex-rightsi WI.

when issued! WW, with Cont. Sh. evt. pf.as 25 20 warraniai jiw, wnnoui rra. Do.

pf. aa 75 6s '43 A Do. 4s '81 Da. 6s '48 A ot A8 68 98 98 63 104 104 82 82 10 64 Cooper Beaa. pf.

A I 1 1 v. iiu new LOANS ON REAL ESTATE LEO P. SCHAEFER CO. 215 WEST SIXTH ST. LOCAL AND EASTERN FUNDS MORTGAGE LOAN CORRESPONDENT THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES Consnm.

P. 4s'58 16 104 Cont. G.ftE. 6s'58A 65 83 8 8H Crd Corp 11 WOOL MARKET 6 65 85 102 Cont. Sec.

6s '42 A Crsne Co. 6s '40. Crucible Steel 6s'40 6 94 20 9 8 8V 8 2'4 4's lMi 17'i 84 14 Cudahy P. 6s '87 11 85 4 92 95 95 BOSTON. June 16.

Both fleece end territory wools of finer grade, including jim'k are fairly active. Occa Cumberland CP. Corrooa At Hey. 1 Do. pf.

A 1 Creole Pet 10 Dayton 8 De Forest 13 Detroit Aircraft ..2 Douslas 1 Draper Mfc. xd 1 Driver Harris 1 Duooeane Gas 15 Dnrant Motors 5 sional sales of quite largo volume are be Los Angeles, California 100 99 107 2 104 2 88 ft L. 4s '68 Detroit C. Gas Os '47 A Do. 5s '50 Dix.

Gulf Gas 6s '37 A East. ill. Inv. Aa '64 A ing reported, prices are sieaay own with last week's quotations. Very little business is being done on 48-80 a or below, but quotations are steady.

Holiday June 17. no report. Chicago New York Detroit Richmond St Louis Minneapolis Indianapolis Milwaukee, Son Francisco Cleveland Kansas City Iulsa Des Moines Louisville 1 l'i 1'4 1-H 9' 1 East Slates Pow. 18 10 25 A4 East till. Aaao.

A 1 81 "4 Elsler I lee 4 4: 4 El. Bond Share 260 S.Vv. 84-H Flee. P.AL. 6s 2030 28 83 I dip.

O.ftR. 6s'42 9 58 I 104 Erie Light. 5s '67. I 14V Fair. Morse 5s '42 10 95 2 itIVs 8IV 82 51 83 57 68 4) 96 65 69 80 81 85 80 88 89 85 '-a l'i 12 81 sv.

pi. Do. 5a pf EL Pew. Aaso. A El.

P.4.L. opt. war. Emoire Corp. Fed.

Sugar Os '38. 1 11 4 IT 3 IT's 69 Fed. Wat. 5' is '64 Firestone C.M.Ss'48 11V "iii 81)' IV 81 Imp. G.AF.7apf.xd 30 A3 Fla.

P.ftL. 6s '64 68 86 Gattnean P. 6s '56 13 80 Empire Pow. 8 81 Employ. 1 28 8 80 Do.

6a '41 Do. Oa '41 10 80 FaJardo ear. in Fed. Bak. 4 2 14 2 a- Gen.

Pub. S. 5a'53 2 84 A Sound Utility Dond Selling at a Substantial Discount to Yield Over 0.60 Gen. Ray. 6s '48 A 19 2 ieii 21Vs Foltls Fischer 1 2 Ford Mot.

Can. A 10 16V 1.V4 Da. as 75 274 20a Gen. W. Wks.

6s 44 Geo. Pow. As '67. Gillette 6s '40 Ford Mot. 10 11 4 10 Foremost 8 Foandation Fgn.

A 1 SV 101 101 98 93 Ml 82 88 1 85 42 101 12 93 2 83 1 108 A 105 Gllddrn 6s 8V tlr. Trunk OVfaa '88 Fox Theater A 1'i 9V Gea. Aviation 6'4 Gen. Elee. Ltd.

ret. 8U 84 Gea. Gas El. Gt. West P.

5a'46 GrAvnd Grin. Os'44 1 14 Gulf Oil Pa. 6s 47 in imrvs 100 100 lrXIH llMVJi 100 lol era. pf. zoo 64y no.

as '87 zo imrra St. Ctil5s'A8A 6 101 55 a 10, Gea. Pete. 6 Gen. Thrs.

E. evt. sf 55 ll'fc 10 Do. 4'-xS "81. IO 100 Hanna 6s '84 20 100a 68 Georgia Pow.pt.

xd 1 Glean. Comb.Harv. 2 1 Hood Bub. 7a '80 Hon.t. Lt.

ft F. The Canadian Bank of Cojdierce I (CALIFORNIA)' A UNO THE OPENING OF ITS LOS ANGELES. BRANCH 649 SOUTH SPRING STREET ON WEDNESDAY. JUNE 17. 19 1 UNDER THE MANAGEMENT OP MR.

T. B. WEATHERBEE 99 98 6 4s '78 De. As A 'A3 98 75" 4 2 ll4 14 75 Hud. Bay 8s '36 Gold Real 12 Gold.

Cent. 24 3 Goldman acha ..21 51 6 Gorham Mft. 1 15Vs Grey Tel. P. 8.

as 100 64 Gt. A P. 1st pf.as SO 110 llR'a 2 48 Kvtrade T. s'49A III. P.AL.

5s '56 97 74 97 01 104 102 n. KL4. K7 7 82 Hamilton Gaa 2 8'i 104 losw Do. 6s '53 A 14 104 Do. 5 Via '64 12 102 4 1 Indep.

Oil 6a 1 78 1 7 15 8 1 Hap. Candy SI. A. Holllng Gold pf. A Hudson Bay M.A9.

ii" a 12 a 26 Indnapls. P.AL. S'4 5a 67 A 8 10 ll'k Imp. Oil Can. baall 1 til.

Inv. 4)9 82 Here is an unusually attractive bond of one of the few billion-dollar companies in the United States vell protected as to security and earningswhich may be purchased at a material discount (about 66) to yield over 8.60. We offer CITIES SERVICE COMPANY 5 Convertible Gold Debentures, due 1950 (listed on IV. Curb Exchangt) This billion-dollar organization, through 65 utility subsidiaries, serves a population of 4,000,000 in 20 states. Present market value of pxe ferred and common stocks following this issue exceeds 400,000,000.

Consolidated net earnings for 1930, before reserves, were over 2.4 times annuat interest charges on funded debt, Convertible into common stock on an attractive basis. Write foe detailed information. Oa '40 10 SS'a 21 8 1 Ind. Ter, III. A Indust.

Fin. Inaull llll. Interl. Pow. See.

10 54 2' 85 61' 83 95 0 74 7a '67 IS im Da. 6s 1 85 Do. 102 Ins. Co. Ms.

lntereea. Pet. 1 18 10'k 10 Internal. Pet. Inter.

LtU. A 83 10 a 7 82 989 4 79 8 7'k InterL See. Am. As '47 23 74 Inters. Pow.

Aa '67 1A 83 Inters. P.S. 4s'A8 91 Inv. As '47 A xw 19 79 Do. De.

pf. as 60 IV A IN COMMERCIAL Ital. Super, deb. rU 1 1 1 1 15 84 81 24V Iowa P.AL. 4 Via Kolater Brandes Lackawanna 58 A 95 98 Lake Shore Mlnea.

I 2 Iowa P.S. As '57. Jersey Cent, P.AL. Lehigh C. 21 ID'S 21 Leonard OH 5 As '47 Da.

6 'As '45 A Leraer Stores 1 2flfe Iowa S. t.O.A'50. Lily Tolls Cup Lena Ktar Gas 1 18 Kelrlnatsr 6s 80xw Ky. llll. As 11 103 103 1 93 1 lo 7 9H 5 103 1 100 100 94) 98 at Addrttt- Long la.

Light pf. as xd 10 110 Leula. L. Mt 1 4 Kiroberly CL Ksp. AC.

6s'60 Lvdlow Mfc 10 104 1. As '47 Masdalena Bra. Laclede G. As '85 Lehlsh P.B. 6a Martay Oil Mass.

ill. M. D-0. Levis (Sorapontj 4 4 8 2 18 18 1126 A Llbby McN.AL.6s'42 13 103 8 98 7 102 8 101 103 102 lOltn 101' 9498 KSTABUSHtO 18 1 SAFE DEPOSIT VAULTS A SUBSIDIARY OF THE CANADIAN BANK OF COMMERCE HEAD OFFICE. TORONTO, CAN ADA TOTAL RESOURCES Including Tht Canadian Ban of Comment, (CaUorma) Over $687,00006 RANCHES AND CORRESPONDENT! THROUGHOUT THE WORLD 28 Maria Bottling May Radio Merrant.

Rtorea Mexico Ohio Oil. Mldweat St. Mlflwe.t llll Leula. P.AL. 6a'67 Mass.

Gaa As '55. Mtu. I III. As '49A MrCord Kad. 6s 2 8) 8 8 12 2o" 10 '4 8 10 8 9 2 18 GOVERNMENT, MUNICIPAL AND CORPORATION BONDS 20 16 16 43 ww Minn.

Honer sf. as 10 85 Msmbscs Los Amosus Stocs Exoums Maatwas Las Anoiiu Cuss Excsumos Memphis AL. 4)994 89 4)998 4998 "4 Ms. Kan. Pipe 8 4 As '18 Ies.

4s 0 '78 Motor llnance 12 12 Citizen. Nail Bwk Bldj. LOS ANGELES Pfcont MUtu.l 71 31 Mlrh. Ao.TAa'6IA Nat. Container pf.

Nat. Earn. Ntorea. 94 4 AO 1 104 4 a 5 12 94 4 9 8 94 11 6 10f. 11 9 3 96 9 9 9 9 8 4 8 4 Metro.

I d. 4a '71 Mldweat I III. 6s'33 Nat. Investors K.l Puh. a.

nf. aa AO 70 Do. As '34 I. Aa '35 Nat. fth.

T. Sec. A 6 1B 18 Nat. Steel 94 90 92 4 99) 9 4) Mllw. G.

Lt.4s'61 6 4 92 Nat. Tile Ite. 4s '50 3 Nat. Vnton Radio. Nnlanep af.

aa 25 88 Rflae. P. As 'Al Monenga W.P. aiu 'na N. Ens.

Paw. pf. as 10 76 1 98 New Eng. T.T. rarrasnr i aa xd 430 iss-n iss Nat'l E.P.

AS '78. si New Jersey 1 80 Nat. P.AL. as 2028 A Ite. As 2030 Newmont Mln.

81 in N. Y. Auction 8 8 8 Y. Tl. Sapf.as 100 110 110 Mag.

Hud. 14 1 10 188 9 84 9) io a 9 0 9 9 Nat. P. B. As 1 108 16 8fl 27 6 8 9 13 98 8 los Nat.

Tea 5a Naa. Steal Aa 'AO. Nebr. P. 4s '81 7 68 Ne.

Cal. F.L As 5e) 60 Ma 65 97 98 tk lOSMt 88 81 4 94 91 67t 95 95 05 103 9t 98 8-4e a 4 80 95 lM'i "ii NE. O.ftE. As '50 29 91 Da. As 's8 8 98 Do.

As '47 92 N.F.. Pow. As 'A4 27 88 le. 5 '48 18 80 New Orl. P.S.

i 28 98 'ilia1 Information on Canadian Securities For convenlance) of former residents of the Dominion and ell holder! of Canadian securities, we will gladly furnish late quotations on Canadian government, municipal and corporation bonds, as well as stocks listed on the Montreal Exchange and handle the purchase and sale of such securities. Quotations and furtlter details rsgarding this service wilt bi gladly furnished on request without obligation. N.Y. P.L.4a67 81 loo A 1'A 104 mag. r.r.

ov. Ns. Cont. lull. Ba '48 A No.

Ind. Pab. 4a '70 .1. We own and offer $500,000 Seasoned California Street Bqyids (Issued under the 1911 All) TO NET 7 AND BETTER tf Completely exempt from all Federal Income ll Tax and California Personal Property Tax. 1 69 II 99V.

97 101 104 0 101 96 9 Bs 'Al No. St. P. a 1 103 Da. 6.

-46 A 9 1J BHs '40 9 Da. 4Va '01 14 48 Sine 1393 Jamet R. Martin A Co, Kith ti dirtct prtdeciuor hot trrved Soathmrn California Invtttort 12 10J 96 1ji lmV nii 14 1 97 9 14 Ne. Tex. 1 1.7a 15 Ohio As '0 ju, 'AA 8 8 1 1 6 1 8 1 1 ti in 115.

40 Mt 7 1 9 28 28 6 8 18 9 22 4 27 I 82 A 1 10 1 84 1 0 1 1 18 8 1 1 24 5 8 8'4 ftO 89 4 11-18 1 4 4 1 8 20 8 8 8 1 1 27 4 10 1,1 16 19 11 fe 8) 1 8 16 6 18 2 I 44 4 4 49 9 4 9 80 80 to loo 1 26 D. A wsr Nlag. Shares Nlploalng Mines Nordoa Ltd. No. Am.

Avla. A war. No. Furopean Oil. No.

lad. P.8. 8s pf. as Ma. Stales P.

A Da. Os f. Ohi Cop Pae. O.t-R.' tat at. Pandeia Oil Pan-Am.

Park Davis Park. Rl-Proof. Peanroad Pa. Mex. Fuel ad Pa.

Wat. Paw. ad Pea. Lt. Pow.

Ferryman Eire. Philip Morris Phoenix Bee. Do. pf. Pilot rUdlo A Prsdentisl lnv.

PI. as Pub. I t. Hold war. Do.

xw Do. pf Itepuk. Gss Reybarn Ine Hbode la. P.O. SVoehlend L.

P. tr. etf at. iia Hebnlts I n. otsres Se boars t'tll.

Heaal Leek Beleeled InduaL, Da, IfoU pd.l xd I Hv pr. pi, SheaanSnaa Do. Bher. Williams AA pf, as Ca), 84. A pf.

De. 0 Pf. 18 Smd nam and addrtu btlow for tompltt information. 104 100 1i loo 97 94', 104 a aav 4 1 tm 4 8 8 Pae. O.AE.44aA1E 28 1 lea.

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