The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page 50

i THE PHILADELPHIA INQUIRER, SUNDAY MORNING. JANUARY 29. 191 'Money, Money, Money9 American Exchange Has a Signal System All Its Own Third of six Sunday article excerpted from "Money, Money, Money," a fascinating story of the mechanics that make up the workings of Wall Street. Three additional excerpts from this book will appear in the financial pages on the next three Sundays. Bt RALPH G.

MARTIN AND MORTON D. STONE WHO would ever imagine that a staid stockbroker would wear rainbow-spat tered patches on his clothes or a green derby or a striped oversize cap and buy and sell his stocks in the open cobblestoned street, using a manhole cover or a mailbox or a lamppole as a trading post? And mingling with a crowd of tourists and peddlers, try to catch the eye of his clerk who is sitting on a second-story window sill, his legs dangling outside? Yet that's the way it was with the American Stock Exchange at the turn of the century when it was better known as "The Curb." It was a time when upstairs firms on The Street sublet an office window to a rival firm, or else built platforms in the windows, renting out either the top or bottom half. And outside the brokers worked in rain, shine, sleet, or snow (they were so weathered by outside winter that when the Exchange finally moved indoors in 1921, its membership, un used to Indoor heating, had a record number of illnesses). Then it grew In jumps tickers operating In more than 300 cities in the United States and Canada. In 1959 more than shares changed hands on its trading floor.

And yet, the quick tourist question on The Street is: Who needs it? If you've got the New York Stock Exchange, why do need this one? There are many answers, many differences. ASE puts more emphasis on a company's growth potential rather than its earnings when it accepts it for listing; ASE puts stronger stress on foreign stock; ASE serves as springboard for those companies not big enough for the Big Board; ASE trades a large number of unlisted securities. But, on the other hand, about half of ASE common stocks have dividend records from 10 to 112 consecutive years. The whole tone here is different from the Big Board. It look different, feels different, sounds different.

The Big Board spills into several rooms; ASE effectively packs into one huge room with a columnless 63-foot ceiling, more than 20,000 square feet with 21 octagon-shaped trading posts instead of NYSE's 19 horseshoes. But the main physical difference is seven steeply rising tiers of telephone desks for broker clerks on the east and west walls, which keep the clerks off the trading floor. The ASE clerk uses a simple way to contact his broker: He yells at him. "I don't care how noisy th room is," said William Earle, "and it doesn't matter" how many other guys are -yelling, but as soon as my'v clerk yells, I recognize it lm- mediatelv. When I used to sell bonds years ago, I had 18 phones on my desk and when one of them rang, I.

Continued oo Page So and jolts. Now ASE has almost a thousand regular and associate members having more than 2,500 offices in 630 cities in 49 States serviced by more than 1600 28 mv vfr.rOL jwtfJ -t The Week in Review Sfcigftv ffiaritasp TtonSBm (tar fflcwfl, I Salea In Net l-ltoMI- -1440-41- Salet In Net 100'. Hlfh ow Laet chf Stock Market Rises For Fifth Week; New Bullish Trend Sighted A-A Salet In Net i)lv. 100 lllfh ow Laat rhf. Hun Huh Low New Administration Launches Drive to 4 140-11- 4J 22'.

21'. It. Enf.l Ind ri. so 1U 23 13 a 1. 13'.

1 10'. Carli.l 40kd IIS 25 a PIT IWa Hlf Low rt rhf. Hllh l.o Kqult Gaa J2 112 J4' J7'a J7 101 4'. 4 4 'i 45 ll 45 45'a 40 Aharti re l.7t En Lark 44. 710 32'.

JO'i 20 51 54 S4 i' 54 -I 34'. 3 'i S2' 3o 41'. 4'. S'' 20-i 40 En Lack pf i Erie 4 Pitt 90 Evan. Pd Ever.harp 1 20 44 l'i 4 34'.

42 il S2'i II1. 74'. '51 321 II I I aro to IIM 35 (aro Pl. 141 102 ll'i Carpen Stl 120 54 27. Carrier IP 160 102 J4'i arner pf 2 25 (14)770 24'.

I arriUen 70 1 40'. Carter Pd 1 175 7 i iM, Jl 30 Ti1. aw 7 pf W-fl I', iim 2d of a 44 141 44', .1 41 3'l 44 -2. 42'4I'a 44'4-1'i 10', 7I'1', 4'. a 24', Ei-ey 41 4l'i 51'.

4I' 43'. 24'. 71'. 22'. 114.

7'. 34'. 44'. II'. ISO r- DHalt Economic Slump! 34't 41 41'.

77 4 Yt 14 II 147 2l3 J51 tl 47 10 212 II 140 41 ts 74 li! 17'. 21. 24 33 'b- 1. 12'. NEW YORK, Jan.

28 (AP). The stock market this week ran its string of weekly advances to five straight and according to some Wall Street observers flashed the signal for 4 5 4 J2 1170 H' 414 27'. 24 Cater Trac 1 II Cater p'4 2 21 Celaneae 120 tO'i soi 17'i 'a 2t'i 34 i W. if 4' 33'. 14'.

SI'i 14 30 41 'I'mHE Kennedy Administration moved this week to mount U'a-7'. J4' 24'a )7t 32'a 40. g' 7'i 31. 14. 14 St'i 44 JO'i ralrb Mor 140 5 Fair Whit 54 20'.

I Wh Pf 1 10 S'i Kairrh En 474 24'. Kalrmont 1 10 44 43 Ealrmt 1 pf 2 90 1320 II Fairmont Pf 4 410 23'i Eal.tad Br 1 JO 47 21 Fain Eln 1 40 41 121'. 114'i elan Pf 7 75', 1 '10 III 111! 45 7 5'. 7S 47 I a counter-attack against the economic slump and to do vis a fnrmnln in Hnnlnr tin th kilino airnnomv. IB ad.i.

bullish trend. 71 'i elan rv p(4 50 H'. 24 24'. 7'i 40 47'i 17 soi 33 24'. 11'.

SI 4 It'a 21 2S'i 30', U' 12 24 10'i It i 4 32i 14 104 34'. 31 i 4I' 45 17 SS 14'a 31'i 47'. 12 The signal came in the action of two familiar market indict i IS 54 11 I Vance of the President's State of the Union message Monday th Knpnilation was that ex-l 20 a I eloiex I 17 Celotel pf 21 cen Afuir IN 17 Cen Kdr 1 45 (en Ua 47 (en Hy pi 30'. 57'. 14 12'tl' 31 SO Alibottl, ISO 23'i A Hi' Vend III 35'a Al Ind 2.50 12 ACF Wrle 40 16 Arm Stl .10 21', Aituni I ff lt'l Adam Mllll.

72 1) Addreaaoi 10 Admiral 22 Aeroqulp I'i AlMonlrol 54', Air Hrdur 2 50 3'a AJ Indu.t 27'. All Gaa I 40 II', Aho Frod .10 51', Aldrn 1 20b 74 Aldrni p( 4 2S t'i All Cp 24', Alice 4 pf 40 32', Allrf I ud 2 Allrf Hw 1 7 Allr It i 15'i Allrn Ind I 20 4 Allied I 1 14 12i Allied Kid 1 32 Allied Mill! 2 t'i Allied I'd .20 4P, Allied Sin 75 Allied St pf 4 22 Allie hai I SO 5 Allla th I 4 0 2.i Alpti PC 1 Sftr 21 Alum 1.1 tl', Alcoa 1 20 47 Amal Sua 2 40 is' 71 1 44 41 tors, Standard Poor's 500-stock index and the DowVIones average 44'i lb 5 Falrk 30 15'. Fedd Corp lb 25'. Fed Moul 140 15 Fed Pae El 00b 21'. Fed Pae pf 12 30 JO'i I4.

en Hud 1 S7'l 3'. P. 4 -J 47 -I2' 30'- 40 45 54 24'it 30', 3. 40 40'. tended unemployment pensation benefits for million iinpmnlnvpr! IncrcitpH I il 32.

en Joos New Head: JS'i 12'. 21 a I a 40 47'i 14 il'a 35 44'i 4 20'. 40'. r1. 24' 45 22'i 40 20 47'i 47 20'i 34'.

45'. 34 JO'i Il'a 100 PI4 30 IIM 45 en of 30 industrials. tops msTORic men 33 Fed Pap Bd 20 3 111 r40 1042 311 112 I4t il. II Ki 20 II 117 4 I.tO 447 Week's Top Financial Shorts LOS ANGELES 42'. en III PS 142 27 i jjljl'IJ funds for housing and publicl 47 17'i S7'i 14'i 3' 10 41'.

Standard Poor's index in the 22 54 17i 34'. ll'i SI'i nj, 40 OfPhila.Unifofi concluding session rose .62 to 61.24, which bettered the previous -1 17 'i St'i- 14'. 34'. 4'. 41'.

104 Jil'i- 34'a- 74 5'. 42't 21 -1 47'. 77'. r. 27 10'.

24 J'. 4'a 51 -1 3'i- 'i 43'. record of 60.71, reached Aug. 3, ID 34'i Il'a Fed Pap pf 1 11 I 22. 3.

Fed Sit 110 HO 38'. 15 'a ene.tra 31 17', 15', Ferro CP 1 74 47'. 24'4 Fibre Pap 1 11! 33'. 14', Filth Av Un 1 2S 1'. 27', Flllrol 110 104 34', 32'i Flraatone lb 214 il a 22 Fit Chart 1 2St 441 34 47'i Fir.t Str 2 125 54'i 22 Eirtmer 40 I'i Firth Pt 34 7'.

73'. Fllnikole 1 35r 111 24', 41 Flint pi A ISO 0 41 31' i lint Pt 2 25 13 45 SO Flint 4 PI 4 tW 13 7 Fla T. Cat SI I ff'i I JJ'4 I'l Jl 47 12 31 34'i 44. I'l 17i 24', lt'l 2J' 34 22'i 34'. 17'.

43'. 31'. 11'. 32 JS'i Jl'a 51'. 21'.

4'. 21 a 44'i 13 7'i Jl 41 "i Il'a 34 21'. 14'. 41'. 44'.

23'i 41 13'. J3' Si 14'. 31 1959. 15'. orks and liberalized tax measures to spark business vestments would be high on sT 'tl'', his list of remedies, 'j- 'I! Kennedy also evinced concern 'over this country's chronic cit in international payments j.

l'll and the loss 6f gold and said he 4 104 SO 30'i t0 351. JoO 74'. 2 i2'a 4 21 eral Motors Corp. in a prelimi-j nary report said that its dollar Institute i Tha Tint? TnHmtrifll nn on 2t 102 30 34 42' 20'. 47'.

75'. 27'a 22 '4 .41 same oay, Drone inrougn strong 35'. 14 25i 24 54 HI'. 30. 45'.

54'. 24'. 42'i JO'i 11' 40'. S'i 70', 42. 41 i 44 24'.

43'. 38' 14'. 43'. 44'. 17' J4'i 43'.

40'. 24'. 44'l 23'i 34'. JO'I 24 I Ik 24'. 71'.

41 'a ij'iJlil'O 47'k ly above the Aug. 24 recovery 45 4' .4 45 54 a 24 10'. Jl'a 25 JS'i 4' 51 I'i 23 a 40 14'a 2J I'i 34'. 54. 7 I 14'.

25'. 35'. 15'. 55'. 17'.

P. 21. 1'. 12'. 31 20 45 14 T7 3 The Philadelphia chapter oi high of 641.56, making a net gain tales last year set a record and net income for the period was second only to 1955.

The peak volume, Including cars and trucks, is estimated at $12.7 billion, com 22'i 4. 22'. 34 il 40 -1 wnnlH nntlinp lrn tn enrrprt th a A on tha week of 9 22. This aver 34 31 14', (en RR NJ 7 24'. 24 i Cen 4, SW 1 07id 157 34'i 20', (en Soya 1 10d lbO 30'.

I Century Ind 40b 17 10'. 27 (erro Cp 110b 1U 3' II (ert-tewi 40 585 27 24 (e.sna Air 1 11 34 S'i had Goth 217 40 hain Belt I tOa 0 51 24 Champ Pap I 30 1 44) 21'. 34'i Champ Spk 1 10 107 4.1', 71 hamp pf 450 200 tl' 17', hamplln Oil 1 247 24'. 2t, Cham Vet U3J 4.1'. 14 herker 20'.

17'i Chemetn 1 74 24'. t'l hemway 45 I 30'. Che Vi 1 30b II 35'. S4a Che Oh 4 41 45' 44 (he. 4 pf 3 50 1 17 t'i cm a ill I t'i a EI A 20 II 23 (hi Gt Wert 2 24 27.

35'i hi Ct pC SO 4 34'. 11'. ChM SPIiPac ISO 144 II'. so-. Ch snap pij i 55.

131 ChilrNW 17 II JO'i ChliiNW pf 52 30 22 hi Pneu 1 20 157 30'i 20 hi RltPac I LI 23 15 (hi lib Jl IIM 14. 10'i hick tot 13 17'. hock EN .40 34 2.1'i hry.ler 1 44 40. 30'. In G4E I SO 54 i 44' i Cm PI4 7S t220 100.

age, at 643.59, was still well be uio Allictivnu oaviug avau lh VW Teek- Institute elected Donald F. Joos; 35'. The) "eolti fnsik and th r. 17'. lt'l I' J4'.

4. II 7 J'i 14 34'i II 20'. 35'. 1 32'i 14. 41'.

42'. 40' pared with $11.2 billion in 1959 low its all-time high of 685.47, and the previous record of Jan. 5, 1960. billion in 1955. Earnings on the Meanwhile, the Associated 20 35'i 32'i It'.

43'. 4'. IV. 24. 2) 14 Amal Su wl SO'i J5'i Amertc 71' SS Amerada 20 3l'i 23'i Am Ai Ch IN 25si 17'i Am Alrlln 1 34', Am H.ker 2 40 44'.

30. Am Hk Not I 20 0 I)1. Am Boach SI'a 3S'i Am Bra Sh 2 40 44'. 2i't Am Hd Par lb 20 Am Par pf ll'i I Am bl .24) 4J'i 30" Am Can 1 31'. 35'.

Am tan pf 1 7S Jl' 40'. Am haln 2 50 77 44' Am t'birla 1 tOa 24 It Am Barf 12 44'. H'. Am Cryrt 1 34'. Am an 1 ll'i 2J.

Am Dliilll 1 44 Am El Pw 1Kb Ji't Am Enaa 42 2S Am Europ 211 55'. 190 71 414 tl 7 157 12 131 1 27 27 27 40 17 452 32 243 54 4 53 common stock are equal to $3.35 a Tress average of 60 stocks rose ll'i Ui shire of which $2 was paid out in 2.70 to 232.60, within hailing dis is providing ammunition president and Joseph for protectionists in the ranks of Packer, as first vice presl t.ihoth industry and labor. Observ-jdent. a I vice president of thrt-ii'I-! new Administration will be under' heavy pressure to tighten import Benjamin Franklin Federal Sav; 1S curbs on certain minerals and sod Lon Association and; products to "protect" markets also is the Instructor for the' 41 -1'. 43i I'l- 37 37'i 74'4r.

21 42' i i 44 J'. 3S'. i. I dividends and $1.35 retained. In tance of its historic high of 235.80, 21 30 7 El Pw 41 IS Si El P4L 1 2St 11'.

Fluor 2 FnociFalr lb l4 Food pf 4 30 70 20'i Food Mkt It 1721 11 Ed Mkl pf 40 4 44'i Food Slack 1 40 100 U'i Food pf 371 1150 U'i Food Mart .40 31 17'. Foot 43 40'. Ford Mot 3 xr! 441 12 Fnrem Dalr 145 24 Fort Wheel 1 71 J'i Franrla 14 lK Frank Str 40 J5 22 reeot Sul 120 111 17'i Frueh Tr I 20 774 14 Frueh pf 4 1420 O-O 12 Gabriel 145 ll'i Gamble Sk 1 10 J' Car Wood 41 24 Gar Wd pf 125x4 34'i Gardner Del 2 34 42 Garrett 2b 12 J4't 5 IS'. 32 7'4 1959, earnings on the common also reached Aug. 3, 1959.

stock were equivalent to $3.60 a CONVINCING EVIDENCE I The topping of previous highs NEW YORK (AP). Standard and Important ones by these 3'. 31 and U.S. jobs. 44a 100.

chapter's course in mortgage IS Jl'a 17'i Am Export JO 4 t'. Am Pw SO t't 22 Am Hardw I tor 142'. Am Horn Pd 35'. 14'. 41 'a 1 lSi 32 JO'i 14'a Jl'.

27'a 31 51 54 20 li'i 27 14 lending. Packer is secretary of 101 47'i 42 7J'i 53'. 34 -2J. 73'iS', Oil Co. (New Jersey) announced familiar barometers was con il'li 'l -THE consumer found that Tl'i In GliE pf 4 1200 24'.

C'ln Mil I 45 44a IT Einan 240 144 3'. Hie Svc 2 40 174 11'. City Invert SO II 44'. 43 a 14 a 14 a 4. la 37', 34'.

37'. 37 'a 41'. 47 75'. 71 '4 21'. 20'.

41'. 41'. 47', 45 31'. 30 44 12' 24'i 23'. 351.

J4'i 20 11 4'. 24'. 15J. 11 70'. 4I' 20' a 15 14 21'.

21'. r' 14'. 40' 34 2Ta 77'. II 15'. lt'i lt'l ll'i 17'.

44 12 34'i 34'. 57'. 54'. 40'. 15 44 45'.

3 31 II lt'a SI'a SI'a il i Am tiutpii 1 dollar shrank slightly more," Aivin Progressive 24 S- "I estimated 1960 earnings exceededincing evidence to market 1959 by 9 percent. M. J. Rath- analysts that the trend was up-bone, president, said esrningsward. Some were outspoken in SI'a 40.

City Prod 2M 14 42 73'i P. 47 U'i 37'. 22'i 43 54 a 47 last month. The cost of living ad- Kenneth Mover, vice president vanced for the fourth th Home tJnitv ni 34 tl'i 51 21'. 45 a 12'.

41 Si 45'i U'i 23 4 i 25'. 50'. S3 a 11 2ii 27 14 I2'i 22'. 4'a 25'. 44 44'i Il'a 10 a 24'.

25'. 12't I 44'. l.i 35 54'. 47 1'. 'i 24 144 7 70 lli 20 IS 21'.

28 15'. (. It'. II -H'. 34 17 Gen Accept 10 44 10'i Gen Acc pf 40xd 11 lt'l Am Ir lb II1.

Am Intl 1.170 17'i Am Inv 4'i Am MlrFdr I to 7t' Am M4VF I 3 40 31. Am M( hM I to 20', Am Met tl 140 Am Met Pd lj'i Am Mnlaia .10 totaled $688 million, equal to w.is their belief but the proof still II 12 i ity 'r lit ll'i 27'. (lark Equip 1 24 12 23. 14'. letrac 40 231 44'.

34', (lev (Uf 140 24 54'. 47i Clee El III 1 SO SS 4 40' Cler El pf 4 SO 470 r. Am lnve 1 74 S3 20 11 2J'a 11 per share, compared wiui iwo remained in the pudding 17 Gen Am Oil 174 St'i Cen Am Traa liS 71 month to a record high. econd Tic, pre.ident: prices for food and housing nudged the Labor lected Included William consumer price index up by one-! P. McDermott, North Philadel- million, or $2.93 per share, the One analyst saw the market in 54.

Si Sfi 71 I'i 42 34 lev fill J. 30 IIUU 24 'i lt'l 21 l'a lo'i SI M'l 21 II 2'i 15 44 tr JO'fc 44 J4 21 I I'm Gen hMk .30 12' 4M 1140 24 lO.t SI It 1375 12t SS 4 11 24 41 41 131 'k L44'i 17', Am Moinra I 1100 140 14 I'i an historic struggle between those who foresee a further de SS'a Am Gaa li 10 J4'. JJ'. J4'. i lii 44 54'.

S2'i 54 70 t'a 4S't 4'i4'i ui! 10 117 1 137 110 117 45 137 Gen Bak pf 1 7i Gen Bane .40 U'a Gen Hroni .501 32'. Gen able 2 previous year, sales were estimated at $8,890,000,000, up from $8,714,000,000. 34 354 terioration in the economy and 10 1 21'. Gen liar 1 24 i i. i I- 4 l.

40 4I.J' 11 t'. 24 Am iNesa 1 41'. Am our. I 2 42'. Am Photo .75 JV, Am PM.ih 1 29 a Am Sealinf 1 9 11'.

Am Ship Bd 42 Am Smelt 1 75 2J'i 24'i-JO'a 31'. -I vrn Vrtutr irrm p.iM.. mai- 21'. 34. 30'a I II 40 44 J7'l 74'.

34 tenth of 1 percent. jphia Federal, secreUry; Miriam H'tC A fl.urry arnin8 "P.Mohs, Olney Federal. assisUnt 4. i were issued by some of the Na- JJ''Vion's industrial giants and Fenton T. Breithaupt.

showed that the big firms did Garfield a 1, treasurer; 74'iiH generally better last year than Leonard Snyder, First Federal of the lesser ones. lof Bucks County, assistant treas-; "al'i 2a 27. hem Steel Corp. parted 19), ke 5 I turn nthifih i KnunI fr.r-nm thii turn which is bound to this 35'i 32 ClevliP ipl 72', 42 Clevil 120 44'i 4l'i Cluett Pea ITS 137 124'. luelt pf7 ll'i 41'.

C-oc Col 2 40 2'. I4'l Coc Hot NY 41'. 2t'i Colt Palm 120 30 2l'i oliaAlk I 20 71 41'. Collini Rad 251 35'i 13. olo Fllr 50'.

42' Colo lil Pf27f 57 SO Colo So 1pI4 45'i 34 CBS 140b 24 ll'i Colum 1 10 14. Col Plrt I'l 40 Col Plrt pf 4 25 42 41 314 33 I'i 14 44'. U'i 31'. 77'. 41' 15 51'il'.

5 come I Cont la .40 40 lS'i Controla 31 33 4 Gen liynam 41 44 Gen Elee 2 2J3S JO'I Cen 1-inan 140 13 41 'I Gen (da 140 340 22'i Gen In.tru IS 244 23 i Gen Mill, I 20 171 I40 140'. U4'l 140'. 34'. I I 24 a 54'i 4 a 31'. 77'.

50'a JS 111 SS'a 51 447 103 254 150 11M 341 342 54 100 earnings increased to $121,179, 549, or $2.52 a uare, from $117, It'. 45 a Jt'l 14 41'l 42. S3 25'. 24'l 1 year. The week's biggest advance, 34'i 751 14 U'i 'il 24'i 31' 24'.

45'. 17 44 54 24 23'i 23 a 70 SI'i 24'. 45 'a S3 -1 37', li 23. 22 70 1'. si 2:3,839, or $2.44 a share In 1959 100 104......

loarlinoT tha nsrarla lit anil Hvman Rtihin. Fidel 110 142 142 142 2 101 i Mill, pf 4K- v.ir.'. on Friday, was fueled by pub vk.4) 104 14.1 41'i 4'. 4 Hi 24'i 24'i- 40', Gen Motor I .,..1 lished reports that President 23 ins i lot'. ios eral Motors which reported the ity Federal, counsellor.

144'. 1.13'. Am Smell pf 7 43i 54 Am Snuif 210a 34 II Am So Afilc .40 ll'i ll'i Am Std 40 145 14 i Am Std pf Jl i 25 Am Si I Fd 140 I2'i 414 Am Store. 2b M't 25 Am Sutar 1 10 3k'i 27. Am Sua pf 1 75 115'.

74'. Am Teia rel JO 7l'i SI'i Am Tob 2 30 llO'i 117 Am Teb pf I 47'i 32'i Am larnM 1 1 100 i Gen.Mot 7', Mat pi 7S 13 I. 74'. 15'. SI'i 43 'i Col Cars 2 40 57 34'.

Col4S Oh El 110 Kennedy was planning swift 'second highest net income in its The following were chosen tt) the 60-cent quarterly dividend on 100 0 154 77 77'. 31'. 24 ll'i 31 33'l 32'. 34 Jl'a 2 45 115 ICS' J04 71'. 70 a 7r.

'i I1O70 124'. 121 Enf 1 12 55't 52 24i 74. 23'. M'a 57 .4. 'i ft 2'I 24'.

l4'(omb 7'. 55'. oml 25 'I 13a C'oml moves to check the economic de dine and to help the unemployed sii; history. Jersey Standard had a serve on the board of governors: percent increase in world-wide' Roderick Young, Greater Dela-. red 3 2 Snlv 60b Ed Jb E1 pfS2S 13 71.

TP 5'. on 441 47'. 4'4 44'. the common bringing the total I960 payment to $2.40 a share. Sales totaled $2,178,120,164, compared with $2,055,720,850 in the income over the 1959 results.

ware Valley Raymond F. if. no 170 HO 110. 101'. Comw 40 1 22 1 21'.

Meanwhile, the Government reported that both consumer 21'. IS'. Am Wki I S2 24'. 25 Am WW 4 Pf 1 SO 2 41 I Ed PI444 101 Comw 4 "i Bethlehem Steel, the Nation's Strecker, Trevose 4 Thorn- IS It lS'i 13 Comptomet 21 GenOut Ad 1 30 20 24 J2 GenP Cent 112 40 41', Prc 1 75 57' 57'. Pre 1 Pf 1 10 73'.

41 GPree pf 2 41 2 75 I 35 Pree pi 1 40 0 40 Gen Pub 141 243 4 22'i CenPubl 1 lliul 144 24'i 23'. GenHr bi( la 41 J2'a 11. Gen Reallr 1 23 12'. 11'. Gen Hetrar lb 40 22' i 20' GenStl tart 140 tl 21.

23. GTelkEl .71 1101 27'. 34'. GTel II pfBl JO 24'. 12'.

Gen Tim 157 17'. JO'. 41 to'. 74'. IS 'a 45 2'i 34'.

13'. 33. 24 a 34 24'a 33'. U'i-2'. 14 spending and consumer prices strike year of 1959.

In the fourth 14 4 4S 144 171 niirtr n.fhiph(.m, nt iiwnm were at record highs. Also on IS 73 44 2'. 4I'. I'. 37'r- I4'i i 41'.

44 54'a 71 75' i 37'. 24. 31'. U'a 22 27'i 24'a 24 a It'. 57'.

lOt 32'a 54 45 U'i 27'. 25 Am WW pf 1 37 1100 II', It'i Am Zine 4 74'. 45 AMP Inr .40 12 42'. ll'i Ampei 4V0 55 Amph Borf 1 40 2M tl'i 42'a Anaconda 250 54'. 30'.

Anar i (' 1710 44', 31', Anrh HO I 40 12 II'. IS Anrh HU pf 4 120 44'. 34 Ander t'layt 2 394 433 24 21'. 24'i 2t'i 15'. I4'l 74'.

70'. 22 a 20'. 41 45. 41 a 47 31 34'a 34'i 42 42 41 'i 47 471 J7' 40'. 40' a 27 104 in.

dropped to $27,200,408. or 58 cents the bullish side were some sur-a share, from $33,003,943, or 69 prisingly good earning state-cents a share in the final by Standard Oil (New quarter. In the third quarter the Jersey), General Motors, Jones 32'. second biggest steel maker, pro- ai Puller, York Road Federal; a mild surprise in report- George Harel, Albert Lawrence 27'1- ja ing higher earnings for the year Francis Egan, West 2 and sharply higher income in the Philadelphia Federal; John Ep-; '-fourth quarter compared with the pinger, Lower Merion 101 third quarter. (Edward Grubb, Public Federal; The performance of several Henry F.

Stouth, First Wayne smaller steel concerns was less Federal, and David C. iv. Vu. satisfactory. U.

S. Steel, the! Real Estate L. 1'i. Conri Naat ll. Con Mill.

7'. Concoleum 23 ont lr 120 51 Con F.di 1 44'i Con Edil pfl 34 ConEI Ind 1 2 Con Eooda 120b 20 Con Ltund I Ma 42'i (on Gaa 30 27 Conaoln Coal 1 40 S3'i Coneum Pw 2t0 r'. Con Fw pf4 52 M'. Con Fw pf4 50 ll'i ConPw Pl4 It 12 l'i 14' I3'i 13'. t'l 3'.

44'. 102' 41 41 41 44 44'i 15'. 42'l 41'. Gen Tire I 411 43 JO'i It a I7'a 12 a 41. 4 104'.

to. 43'. 2J' 55'. 40'. 44'.

4'. lt'a 14 24't 44 II 101'. 100 Gen Tlr PfSSO '20 101 510 II Gen Tire Pfl 44 13 ll'i 74 40. 41'l I3S 154 14 12.0 1740 ISO 212 HO 42'eJ 55 ii 4J'. 'I 44', -i', I 43'.

22'. SS'. 34 tl'i 5. 45'. 14 271 steel giant reported net income of J-augruin and omers.

$12,436,108. or 24 cents a share.l1BM AxT FEATl'RE ft.eui" tw A 3 for-2 stock split by IBM 71'. 17'. 44'. M'a 127 II J7J 4S 41 5'i 54 II 13 II a ii'a biggest, reports next Tuesday Container 1 100 1SS 102 Trust Officer.

13 Container pfl with $408,897,949 in the same 1959 thil t( fn immel 12 10 SJ'i so'. 41 111 JO'2'. 4'i 14 III 104'. 1044 10'- i3'J- IZE apparently makes no dif Leslie Applegate, trust of-' 34 40'. 341 40.

170 JJJ'JvV ference in the rail industry. ficer, the First Pennsylvania quarter and $502,981,4:8 in JTP 3960 third quarter. iprofit-taking IBM closed the week at 638 for net gain of 14 NEW YORK pointi. American Telephone's 'a 31', 4, 54', 'a 32 J', 00. IS'.

24'. 1. 71 1 104 'i I- 2.1'.- J4 47 41 'i 74 J'i- U'a 42 14 a 2 51 35 a JS'i 37', ont Hak 2 4 100'. Ct Bak PfSSO 31'. (ont an ISO 75', Ct Cn pfl 75 7'.

ont Copts 40h II Cent Cop pf 1.25 44'i ont Ina 2 20 7'. CnnC Mot 10 40 I ont oil I toa 31 ont SH tu JO'i Control. Am 25', Coop He.i I Coop T4H i' 2 The Pennsylvania Railroad went Banking Trust was elect- i I 'nt0 the red for the second timejed president of the Trust Opera- Ji'a J4'iJ'iiin its 114-vear history and the tinn. Officer' Association. 107 47'i 13'.

14', 22'i 40'. ir. St 42 42'i 42'. 20 54 .2. t'i- 571 'i 41 I.

24-', 35'. 47'. 30'i And Pri 1.40 141 40'. 30'. Arch Dan, 45 23' Arfo Oil 1 20b SO 77i 57 Armro Sll 45 24 Armour! 1 40 112 St'.

34 Arm.l 1.40a 44'. 2S't Arm.t Rub 1 40 13 11'. 71 Arm I PI 3 75 US 20'. I2'i Arnold Con 50b 1140 2V. 14 Aro Equip 1 20 IV 14 Arvln Ind 1 II A.hl Oil lb 437 40 2' A.hl oil pf 1 41 75 54 Awl Dry 2 50 24 104 100 Aa DG Pf 25 1100 43 44'i Inv 2 40 51 27'a 20'i Atrhleon 1 20 341 10'.

4't Atrhl.nn Pf 50 147 31'. 21'. AI, Ity El 1 20 22 51'. 40'i All it Lin 2a tS 41 31'. All Hefln 2 3 5 74'.

All Ref Pf 3 71 1450 I'l 3 Allaa CP 257 S' 13'. CP Pf 42 44 Atlaa Pdr 40 10 20. 12'. Aurt Nlch Vtr 14 24'. 20'.

Au.t pfl 20 2 52' i 21 Auiom Cant 4Mi Ttt 17'. II1. Avco Corp JOxd 1454 23 U' Avnei El .754 231 25'. Gene.ro 1 40 42' Pac lb 42 Gerber Prod 1 40 12' i Getty Oil 14' Giant PC 40 54 Gillett 2 50 SO'i Gimbel 2 20 14'a MrB 1 Il'a Glen Aid .40 34', Glldden 2 10'. Glob 10 l'a Goebel Br 45 Goodrich 2 20 32'i Goodyear lob 24', Gould Bit 120 32'a Grar 1 40b 1'.

Grab Palf 7'. Gran Pg pf S'a Granbr 24 Grand In JO Gran Stl 140 24'i Grant 1 20 74 Grant pf 175 7'a Gray. Rob SOt JO'. Gt A4P I II Gt Iron 225 J7 Pap 1 42'i Gt No Ry 3 22'. Gt Fin Jl I'l 20 10'i I 51 4 41'.

24' 34'. 4'. 15'l 35 71 'i I i 10 St I i 54'. 40' I 24 3)', I'. 11'.

24. 33't i.uaramy irumio. oi yorn rise 0f jt, inspired confi-and six upstate New York banks denc, jn the market. This issue formed a bank holding company OUChed a record HSVi before r.nli.,1 4 1 1 maMAjl a I. 42', 40'.

2'a l'a Other officers are Joseph A.l 35'. M. IS'. 21', 21 'i 24'. 40 71'i 104 SI'i 2S'i 4l 31 47 41 74'1 J'i 14'.

45 17'i 221 3Ti 15. 10 31 toi I4'a 20'. 20'. J7't 70 105 S'i I'l 37'. 44'.

44' 71 3i 13. 4'. 22 .44 14'. II l'a fit Vc-iiiit jus, iijauagcu lu 4ucan, into the black. I la 4 It tnat woum te tne largest in tne backing away.

Halbeisen, vice president and trust officer, First Camden tional Bank Trust vice1 Car sales in mid-January to the lowest level for the JO'. 35'. 1. 24'i 12'i Copper Hr 5.1'. 21 Cnoeld Ref 49 55 27'lCopw Sll 2 15'k 4t'i Con, I'd 240 cased on total resources Volume of 21,899.864 shares and deposits.

The seven member compared with 20,734,470 the II 'aJ'a II'. 71 71'. 14'a II 102 5'i 25 2.1'a 45'. 20. 3'i 14 r.

35 44'. 3 'a 10'. la 32'. 41. 32 10 lS'i 42.

24'. 54'. 53'. 34'. 33'.

14J 32'i 30'. 24'. 7 35'i 24 72 17 JTi 101'. I'l 3'. and 7I, Period since 1939.

The major president; 1 43 14'. 177'. 114 Danxs oi tne morgan iew lorn wefk before. 114 Luman Beltler, president, Wil secretary- 24 37'i 21 77 I'i 42'. 22'.

54'. 441 Jl'l i 4i 24 2J 27 State Corp. would have assets ofj ir.t'a manufacturers also continued to assistant vice off production and white col- mington Trust lar workers. treasurer. The Tuesday market was the broadest in history, with 1294 issues traded.

During the entire J) i 1 over $6.1 billion and deposits exceeding $5.1 billion. The corporation would have 153 banking offices in New York State and abroad. r. 'i-j'i'! 14 1 23'. l'i 13 'i 50'.

(, 37 22 4, week, 1456 issues were traded, of 141 14 24 13'. 4 50'i 37. 45'i SO'i 40'. ormn i.i xm 22 Eaat Air lb 14'i orn if 3 50 15', ornfl pfnew JO II den I'et 1 10', ot Inr oty lntl .20 40 ran 2 3li(rin of Wh 110 17'. Crearent I'et 21', Crewt pf 1 25 It'.

Crow Coll U7t 21'. Crown cork 34'. Crown Ck pf I if. Crown ell 1 14 rown 1. pf 4 24 S'i 41', 14 24 J1S 254 which 769 rose and 572 fell.

I'i Babbitt 27'. Babrork 140 11'. Hald l.im. .40 24'. Hall G4K 1 50'.

44 24'. 520 100 (70 IS 414 40'i 40'. Halt PlB 4 50 10 Halt pf 4 24'i Bait Oh .101 .160 141 121 24'i 213 30'i 40 21 't HO 41 147 34'i 71 20't I 72 113 341 134 37'i iSO 102 1150 ll'i 105 34'i 55 14 21'i 13 31 Il'a 34' 21 24'i 41'. 47'. 40 57' i 40', 14'.

4t' 17 'a II 44 12. 32 4'i 14'. 11'. 70'. 1)70 41 24 Gt eat I 20 i2B 't Gt wt nn 11 a Green.

ML 2 a Green Shoe .22 I'. Greyhound lb 12 Greyh pf 4 25 22'i Grum Airr 1. 90 17'. Gulf VobaiO 2 41'. Gulf M4.0 PfJ 2t'a Gulf Oil lb 27.

(iulf St. Ct 1 47', Gulf SU pf 14', Gulf SU pf 4 40 24'a Guet Bac .40. H-l 41 Hark Wat 2 40 24 Hall Print 1 40 35', Halliburton 2 40 21', Hamll Wat I 'i 55. 2 42', 20 47'il'. 17', 1 Week In Stocks and Bonds NEW YORK.

Jan. 2S (I on th New York Stork Exrhanf for th week ended Jan. 27. compared with th prevloui week, follow: STOCKS 20i NEW YORK rf International Business Machines Corp. voted to recommend to stockholders a split of common stock on the basis of one-half share for each share held.

The proposal is subject to ap- T'l 41'. 17'. JO'i 100 II 47 47'. 17'. 72'i 24'.

2S'i 57-1. 54 45 54 47 25s 11 ir. 14 Cruc Stl St't Crue Stl pf 25 II', Cub Am Su .104 I url.hr PIT 41', uilahy pf 4 50 10'. Cuneo Preaa 10 30. unn I'rua I to 21 1.

I 21'i- t. I II 32'i-I'i Il 'a- 'a 47'. 1. I 34 r. I 102 1 14 li I 35 I S4 I 30 I 47'.

4. 24'. 1. I 44 2t'i- 'i 3S S3'. l'i 122 1 1 I 7'i 2t 34 2S'i 74'i l'a 40 22 54 44'i Jl'l ll'i 140 2l'i 27'a 21'.

II J2'l 14 a 17'. .44 34 102 JS'i SI'i 24'. 47'. 23'. 44 21'.

33'. SI'i 121 51'. 27'. 22'. 23', I J7 II'.

II U'i 53 32 35 14'i Si 44 14. 'i 11 I- 4'a- i 41 1 14 24'. 1. 100 4 13'l J7 -I', .1 S4'i-4'. 54 't 47'i 1.

51 -1 44 SI 4 44'i-t 10 'i 'J 4 1. 5f.2 ll'i- 44', 1. 35'. 35 Thla week 41 17'i 12 44 13 32'i 101 II 14't 32' 74 Lart week 4 507 50 34H.170 nrovil of atnr-khnlrlar at Mondar 4.454 i 54 JO'i 41 24 71, urtia t'uo is I'i 34', 13'. 27'.

14 ll'i .17 35'i 54 5 15'. 17'. 14'. SI 42 33. SI'i 44'i II 12'.

44'. 14'. IS'. 44'. II'.

47 JS'i 41'. r. 35'. 45 17', (ur Pub ltOpftO 4 32'. 10 14 i.

lt1 32'. SS 27 lit', 32 a 47'. 471. nual meeting April 25. In tion to a regular quarterly dlvi.idwY.! 34 17 40 24'i 15'.

4i 44. Jl', 223 21 4S'i 52 40'i 55' 45 24'a 104', ll'i 14', 44', U'a J7 I2'a 25 31'i 17'. 4 lS'i 41'. 31 44'. 54 a SO'.

3J 54'. 21 a 47'. 33'. 27'a II 10 50'. 21' 34'i 44'i 41' 31 14', urtl.a Wr 2'.

urti.a Wr M'. Ham Wat pf! 4.1MI40! 4.371.410: 3.244.140 47 Culler 2 22'a () to 447 40 a 45' i Halt 4 pf 4 II 54 41'. Pi atp 4 31 S7'l I2'i Ban( Ar new 40 7 17'. 44 Barber I'll 1 371 12214 47'. 14'a Hailc Inr 1 .40 I7'a 11 I'd 120 II 20'.

31'i Baih Ir Wk 21 S2'i Baurht. 1 20 40 44 .40 Baruk I If 2 II 34'i 37 Heal Fda I fb 71 5) 10'i Beat Kd pfl 50 1300 5'i IS', Heaunit Ml 42 14 71 Hevk Kb PMTJ r'O I2'i Herkman In 100 II', Beech Aire tOxd .112 21 J2'i Breih Sav 1 70 161 54'. 14', Brld Hem 4 It 37'. Bell ft How 151 55 a II', Hell Int Sur 47 Il'a 54'. Hrndlx 2 40 127 44'.

22'. Henet rin I HI 45 Ben Fin pf2 SO 4 44'. 1 Benfuet JM 1 30'. He.t I IS 34 U'a He.toall I lit 47'. 17'.

Hrlh Sleel 2 40 lift) 44 A 1 D-P 40 2i'. Hammer Pap 1.20b 14 24 21 a Hmd or 1 44 34 43 II rh 1 10k 142 St'i 121 Hrb Wk pit '40 i2 .734 70. WJ'4 aena oi 13 cents a snare payable March 10 to shareholders of rec Total U'i U'i Dan Bte 4.IU.4M 4.474.04S 4.113454 4JIM70 21444444 BONDS 7.744 000 lOT.OO) 7 7 041.000 7 414.000 I Si 54'i 54'i 34'i ll.rrla int 1 20 174 J4a- 15 U'a J4' IS'. 34'. 54'a 71 35'a 24'.

24'. 37 ord Eeb. 10, they also a raih dividend for the 19C1 sec- Tueluuv ond quarter of 60 cents a il nday 54'. Harai'O CP I 40 Il'a Harahaw Ch I 22'. Hart SM 70 I I Hal Corp ITf.d 35 Hat (p pf2.25 I T.27I 0O0 I I.0l0 7.2.'.I4) 7Jt4 1.010 4.7tl4XX) 1V ll'i 220 44 so 12 1110 142 IS 24'.

23'. 10'i 37 14'. 71 34 31 41'i Have Ind 40 ontinued on Page 30 12 Total tt.2lt2MO I1J.2M.000: I0T 40 II l4 42 140 444 1U 17 25 144 71 4 40 101 30 II 104 21 2.1'a- 4 25'i l'. 37'. U'i J2'.

3 1'. I4'i- "i 14'. I) 4 Haye Ind .204 144 71 Heim 114 141 70 ll'i 14 77 Heim Pf III 4: 1 SI .1 14 -1 2 2'i II 1 I 44'. I4. 1 142i 141 )H' Beth Stl Pf7 2 143 Proctor Gamble Careers in Advertising and Marketing In recent months, Proctor 4 Gamble has Introduced a number of new products and our existing brands are.

continuing to grow. The executive openings created by this expansion can be filled only hy promotion from ithin. This is a strict FiG policy and one of the reasons why qualified men find unlimited opportunity here. Right now our Advertising Department has openings for young men with a broad interest in advertising, salea promotion and marketing. No specialized knowledge is needed initial assignments give you on-the-job training as well aa practical experience.

Working with a amall group of experts, you will share important responsibill-' tiea for marketing a leading consumer product on a nationwide scale. You will work with people in other departments on salta promotion, market research, product development and financial planning. You will plan marketing atrategy and advertising execution with representatives from our ut.i wij int. you win be guided and challenged by the mature judgment of the men who make Proctor Gamble the leader In ita field. If yi have the required personal qualities a good college record, an interest in business, ambition, and the ability to work well with other people it will pay you to mail in the coupon below for full information.

MAIL THIS COUPON TOO AT FOR FURTHER INFORMATION 51 II 44 27'. II a I SO'i 14'. 30 41 a lt'i- ll'i I3'i lit 23 1570 7 1ST 57. 33 34 14'i 4 71 ti Growth tocks Make J7'i 13' 4 44 20 41 71 40 I.I J7'i Heller 1 til 24 1 a Helm I to 32 Helm pf 1 71 U'a Herrul Mot Il'a Here Pdr .254 5.5'. Here Pdr A 2 104 Here Pdr pfSxd 74 Herah Chat 44'i Hertt 1 20 II'.

Hew Ratlin. 15'. Ilerden Not 40. 5 7 10'. 57'.

17'. 74'. 15'. SO', 1', 14 50 57'. 151 211 I' 44' 51 24.

20'. 40'. 21 8-' 474 4I, 44'. 114 20', U'a 41 41 35' r- 23', 34 I 41 -I 1240 110 i 1'H 111 13 J3'l 14 SI i 71 32'a 54 Il'a 4J 31'. 21'.

11 a la 44 IS'. 30'a 54 40'. 30'. 14'. It a 25'.

31'. 31'. II. 15 24'. II'.

31'. il 17'. I'. 4U'i- H7'l 3'' U'i 24 17. 31 a 20'.

21'. 54 I 31'. liana CP 2 12 V'H'O 27't Dayatrom I 20xd 45'. Kayt l'4L 2 40 72 DayPU pf A 3 73 17'. iMK-r Rec 120 Jl'a I were 2 17'.

Del Mud 1 15 35', Del I'M. 1 20 20 Delta Air 120 20' Dent Sup la U'a Den HGW I 7 Desolo Ch I5f 40', I'et Kclli 2 2V Del SH 1 24'i Vllhu. 1 10 SO'. Diam Alk 1Mb 2 a Dlam Nat 1 10 21 Dia Nat pf ISO 12'a Duna str I 14 DIGiorno t0d 14'i Dlnera Club I 12t 20 Di.ney 40 21'. Dla Seal 1 20 IS'.

Dlvro Wi I 200 10. Dr Pepper 17 i Dome Mm 70 It a Doimn Kd 470 27 Dou Aire M'a Dover 1 20 r. i. if. Drew 'ind 20 25 Drerya 110 124 DuKni, Ch .401 j'i Dunhlll It 7'.

Duplan 2 HI', 1.1 117 t5 44 Dollars. 21 23' 2i 24 47 IS 21 14', 24 2'i- Hey rr pf 4 17 1400 1 24 J4 41 40', Hey pfA 350 120 4 223 10 47 14 241 304 312 122 72 113 '4 411 11', BKelow I 44 4', HUelnw pf 4 50 1151 35 4 Bl. killer tO 71 27'. Hlaw Knot 1 40b 47 21'. I 10 74 12'.

BIim. EW 71 21 Beln Air 1 1155 21 Hnbn Alum la II ll'i Hnnd Stra 25 25 17', Book of Mon 1 10 150 40'. Borrien 1 50 III 31'i Bora Warn 2 112 15. Hormar Kd 40b 1.5 SI'a Bo. 1 44 BnatnnAMr 10 I'i BoitM.

Pt I I', Bran Alrw JO 20'. Bn.l a I 70e 517 3t, BrjiK Hraaa pf225 ,4 iK Briii't" 2a 50 Brl.l Mjr 1 05 2.11 Bill' PfJ 75 (100 3 I5" 14 12'. Hill 40 71'. 44 35'i 21 It'. 35'.

24. 14'. 25', 40 M'a 5'. 10. 10'.

27'. i 41 tl 71'. Il'a is 104 4, 1.1 -r. l5'2 24 't 24 1. 1 25 3 17 It 15' '4 J4-.

4, 17 -10' i Jl'. J'. SI. 71 2'. 37 'i I.

11 -I'l I5i 2S 'I 24'. i.r. 37'i- 'il I 10'i- 11. Si 32 4J'i- f.l 24 24'i 124 33. It'a 10 31'i 30'.

54'. a .44 37'i 30'. 13 ft! 31 lS'i It', 27', 44', 33'. 14 13'. 21 14 34 ir 2i'i 35'.

II'. 4 a 4 14'. l.l 17. il'a 44'. 35 21'.

14'. 21 20 42'. 24 jo. 35'. 14 U'i 14', 31 35 I7'i 31'i 30', t0.

74'. 37. 31 to 44. I U'i Hi 12'. i 4t 44 71 'i 74 101 4'i 127 134 7 12 2 125 374 IM I 21 114 li 3 II 24', Hilton.

Hot I 30 14'. Hoff V.lecl Holland 40 21 Holly Su 1 40 2S' Holly su pi I SO j'a Holt B4W rpbad j. i.aw 40'i Itnnolu Oil 2 Hooker Ch 1 tl'. Hook p(4 21 20'. Hmv Ball 40 4', Hotel Am 14 Hotel pfl 21 It'i Houd Ind Jt't Houd Ind pf 2S 27 llouaeh I In I 20b llnuw Pf440 7i'.

307 123 11 14 I1. 7 ll'i 74 31'. 101 4, 25'. 24'. 25'.

5'. 4', 1 li 17'. 17', I7'i 71 I'i Bkln I' Gaa 1 20 73 104 Bkly 10 PfSSO 270 44 Brown Sh ID I 107'. af't 211 2i'. 202 .14 171 du I'onl 175 riu Pont pf 4 SO 17'.

i 17'. 4 4t'a 4J Bnin.wUk .40 1150 12 lor I 71'. 71 14 41 27 1017 21-41 4 144 r.h 412 Brun.wk Bt 74'. rlu I'onl pf 50 21'. I I II 124 27 2t 71 41 40'.

1 21 31 15', 74 44 Ki: S4' 4J' .11 44. 24', Burkerr I'L 1 tO Whether you already own stocks or are interested in investing for the first time, we'd like to show you why we nav, "GROWTH STOCKS MAKE DOLLARS and SENSE sometimes many dollars. But always good sense! I Our 12-page booklet discusses reasons for growth conditions for growth competitive room for growth in a down-to-earth, realistic manner that we hope you will find Interesting, instructive and perhaps profit-, ablet H're today for your complimentary copy. J. A.

WIINSTOX A IJVC. 11 Broodwoy WHiteho.ll 4-6f00 Now York 4, N. Y. 45 44'. 17'l 37 ll'i I4-.

15 374, 40 -1', 12l t- 7S -1 42'. 14 It'. 37 35 40 I3't 75', 44 14 14', 44', 41 42 Duq 4 20 Pf 210 fW 40 Duq 4 IS Pf 2 rim 40'. Duq 10 pi 2 05 oo .4 a Duq 4 pf 2 lli.t) 37 Duq 75 Pf 1 ilftO 42 Dun 2 10 pf 2 10 to 17'i I'Wti II II 45 44 44 41'i 14'. 43 II 110 74'i 50 24 44 34'.

P. Il 34 17'. t'. 27. 40', .1 It .15 J07 4'.

102 4. 74' .1 44 i 44-4, 44 34', 45 ll'i 74'. 27'. 32'. 4'.

I'. 113 J. 41 3SiJ'. 41 1 Jl'i-I'i 4, 77 II 'KIM pf 70', HnuM) I pf 75 45', Hou.t I.4P 1 40 Howard str SOt II'. How Snd It 41', Hud B.v i 4 Hunt l-d.

SOb I4, Hunt pf A I 40 Hunt DfB 14'. 14 31'. 14', 17'. 14'a tl 71 24'i 31. rSO .250 140 44 17 21) 41 244 r'O 20 44'.

44', 44 a 41 44 24 I 4 34 t4 IS', 14'. SJ'i 10', 14'. I'. 11 11 77 21 M'. 22 I 14 31'.

14 14'. II 1 2- 4 44'l 34'i 45'. 20 2i'. .1 3''. 14'.

C-B 20. F.l. I 1 20 It 1140 105 41'. 21. 4', ll'ipo I 25f 314 I 12 Hupp Cp pf 2 SO I ll't ll't Huh Rrfr lb II II'.

314 1 II Bury F.i4 II', BikIiICo I 0 lluild PfJ But Fori 23 10', Billiard Bullorka 1 40 14'. Bulova to It'. Burl I ml I 30 71', Burl pf 4 50 72', Burl pf I Humdy tO 2' Burioulh. I 20', Bu.h Term 7'. Bra .20 f-C 27'.

ral Park 125 Collar, Mm 12', I alum .40 IH amb l.k J5 4 ampb Soup 1 14 (an 1'ir 1 10 (an lr pt4 2S 41'. an Sou By Mr. R. N. Srevento Precter Gamble.

Dtp. Pl-Ut P. O. lei Iff. Ciseln.otl 1, Okie Item teed InfwmcMM ea twee.

eeaenvnlMe In AdnKlrle DaawMwii anal nlw an pplinM 14 371 114 40' 42. 44 I 44'. II SI'i 21'. 3S't 51 44 44 Iff 40 120 22 Ka.t Air I. lb 24'.

L.l 4.4F 1 75 F.a.t pf 4 50 IS Ka.t Ml 40 44 Ka.t Kod 2a 42 K.d pf JW .1 Ir Mil 1 10 Krtii Br Mr 2b I ke I'd I 17'. laa Slop tt lb 44', Fl Auto I. 21 3', Fl Wi 41', Fl tr Bat 2 24 ll't 41 74 S', 3. 5 i- t- 41 1 44 i't I'. .44 4.

J7'i1. 3o.r. 1 44 'i J7'i4 ll't- 2 41 10 14' 44 P. 47't 41'. 44', 45 24'a '2'.

4 II a 1 10' a 4t 42i 24 47'i S'. 54', 11. S' 12'i 31 a 34. $4 44', 44 31'. 14 44 Irian Pw 1 an 31 21 'I Ideal (em 44 2'1 2Ti 111 ca 2 202 41 111 I'w 2 20 45'i 111 Pw pf2 IM) II'.

Ill Pw pf2 13 240 II. Indian 40 151 34 Indpla l'L 1 40 44 S'i Ind r. Me .40 21 II', lnrt.it Bar 155 41 41i 7', 2' 4 M7 at 34 ,2 lacneell 40'i 24 44'i I 57 '4 il'' J0' 57'. sfi: 44'i S'i 4'i 2t't 54'i 14'i 51 41 4 IS. tt a 44'.

44 72'. i tt'tl 'I H'i-I' 44'. 45 4, 72'. 4, ll't- 4, 4, 44 15'l 17', 4'l 21'l 15 4l'i 45'. 24 71 41 241 Addrmut ori Clrvt go'i igtn aim it 1 374 Cdn Brew 17 24'a Fl Paw, I Jf 4ti 31 Fmee Fl lb 120 W'l I mer Rad JTt 2.1 JS Km Fl lH 2 Fnd Jnkn 1M 71 4o4 Jka 4 4 IM J4H- 27-; 1'.

II 27 JO' (n par II In Hand lam 111 14 Band pf 0 trto Stti 55 ai.non 1 li'T. 154 lis ll't S'i Capital Alrt I 4' JS'I Mi i. I a riotniti A' CX CoBttaot4 Page tiff 21 Carw. Pkl I 21 '4 24 4 14.