rm
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mw ,rr w
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PW V,M I
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v
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ftllLLY, MOCK A CO.
MNKKHt
RIH O.HADE riV
TAX FRIB
RAILROAD ,
feANDWai?., .ir"
DETAILED OrTCMNM
IN CHESTNUT ITRIET
rxiLADiufniA
fissssssaesi
.r
sr
,
1 r
fo
k&
'
Short Maturities
We have a splendid list
of sound securities with
maturities varying from
eight months to three
years which we are offer
ing at attractive prices.
We shall be pleased to
furnish detailed informa
tion concerning them.
Bonbright & Company
HOItBIS WHTAB STROUD, Jr.
Manager
437 Owstnut St., Philadelphia
Boston
New York
sonata
Chicago Detroit
aan
WUlUm r. Bonbrlrfit 4 Co. Bonbrlgbt Co.
.OJ.larK$o.
BANKERS
IKsiabUsM 1817)
321 Chestnut Street
Philadelphia
fv
Suggestions How
to Invest
Send for Circular L 143
A. B. LEACH & CO.
US South 4th St.
iLjL
&ac
Morris Brothers Co.
SaUbUiM 11M
Bonds for Investment
Monidpal and Corporatkw
1421 Chestnut Street
... .. ".' specialists jo
DirWeid Payiav Oil Secnritiei
W solicit erdtrs In ths Independent Oil
w I n Vo w Tirri. o n
n. wuttur ma..
WW. MIIMUriUUIIi.
Wi
Malant ni
'
zz
KP-
A
w
m
m
i. i
ex.
in''
:&..
..
, ,
Do You Know
of lh
new twine m
ara
crease to copper
1IUI Ol
Improvements
' fna3a whirl.
expected to In.
out-
MOTHER LODE
COPPER MINES COMPANY
and favorably effect It
future earnings?
Writ for a new report
Issued by our Inform.
, flop department out.
lining tha Possibilities
Janitor for Mother
Stni for Report 159-T.U.
JONES ft IAKER
took bbokxxs
WWsMrlU.(Phild!fha
SelL Walnal lSSO-l.
Ksyatea, IUo 22(0.
)few Tork Bwlti
OkJass rttubargk
Dtnct PrtoaH mm,
iOXXa BAKBK,
yrumt BUo.. mtodtlfMa, Pa,
Tou our aond tne your rtpert U9-T.U.
JTSasa ....... p. ...........vvcaAav4ata
Am&TwMm ...............,,,
Citv Btat
I nmacroT or A(XAimrrAinm
FINANCIAL NEWS
NEW, YORK MARKET CLOSES STRONG
AND ACTIVE FOLLOWING WEAKNESS
Talk of New Financing for Bethlehem Steel Results in
Bear Activities, Which Are Offset Late in Day.
Bailies in Most Issues
High Points in Today' Financial News
, Net Iforh itoch marktt beoamo ttrong in afternoon following wcaknetn
bvrly. Curb vrioea wen effected by fitaee talk. Corn closed higher and
aotton declined after showing strength. Foreign exchange dealings moderate.
EhtdebaJtar Corporation, reduced dividend to i per cent per annum basis
from 10 jte: cent QatiS. JJaveilver at new high record price in New York
New York Stock Salet
NUW Yonic, Auk. 7.
Stare-was hardr? nouch outeldo lntorest.ln the stock market to make the
..Jprteo) xaovements morally. pososs BlKiilflcnnce. Tho moat that can bo raid
fcbowt today's trading was that unconnrmcd storleo of new nnanclim' by Uotli
!ohaIKel had encourased bear traders to put out fresh llnca of shorts and
had catlanS a ceitdntlon )f pool octlvltle In a number of easily moved spo
claltlos. netfilehcm Utcol wns weak during tho forenoon, when It tliopped mora
than 2 points, scJIIns; below 124, but In tho last half of the day It recovered a
good part of this loss.
Unltod States Steel declined IK points, rawilntr In tho forenoon from 1277i
to 126, but thero was no disturbance of outsldo'holdlngH nnd n modcrntc rally
quickly occurred. The mass of security holdors scorned to bo willing to retain
their present lines and add to tliem at concessions, making n substantial and
strong undertono to tho market gonerajly and ghlng evldonco of Increasing
strength In tho near future, Lator on tho completion of tho war rcvenuo legisla
tion and tho accurate measure which may then be obtained of tho taxes to ho
Imposed on tho consolidated Industries will find a rcsponso In a new upward
movement.
Tho market for tho last few months has been hold bock by uncertainty
as to what tho taxc? would bo, but with that uncertainty removed nothing re
mains to act as an obstacle to a net adwmce.
Studobakcr acted Independently of tho general list today, moWng up 3
points to CO, and then dropping to C2K on tho unnounccmont of tho reduction
of tho dividend rato from 10 per cent to 4 per cent,
Tho feature of tho bond market wns tho decllno In tho Liberty Loans.
Around midday tho loans sold In lots down to &f).fi2, nnd a fow $fi00 bonds
sold at 99.60, or exactly 89H, as tho bonds nro now quoted In decimals.
Only a trifling change occurred In tho fow railway bonds which wero
offored.
Illth.
Alaska Gold M...
AllU.Chalmcrs Co. 30Vi
do pref ....... so
Am Agr Chem ... VTSi
Am licet Hugnr . . vV
Am Can 4S!4
do pref io
Am C A Fdry Co.. 70Vt
Am lnt Corp. . . . toy
Am Cotton Oil .. 10
Am Ice Hec 1SH
do pref ........ S4 H
Am H & I.enth pt o
Am Llnsocd 29f,
do pref .....'... 04 V
Am Locomothe. . . is
do pref 103
Am Malt 1SH
do pref .. . ... 70
Am .Smelting ... 104
do pref .. . . 114
Am Hum Toi ssh
Am Hteel Kdy. ?(.
Am KURiir I lift
Am Tel & Tel..., 1 1
Am Tobacco 210
Am Wool B34
Am Wool, prof .. UK',
Am Zinc A Ld. ,. 23
Anaconda .... ?s)t
Atchison 100
do pref .. . . 00 W
Atl CJulf ft W I ..100
Clue.
S
ICW.
a
20
80
01
t
4SV4
10SH ""ft
10
Net
chse.
H
20T4
St
SI
40
1H
MM
flaw
ts
H
u
10SM
ISM.
09H
V
ih w
SOH Mi
4y.
w
70
40 V,
1SH 1
4H
1
Mi
Sales in Philadelphia
OS
04 ,
78
1014
ISM
70
loH 101H
llaldwln Loco Co. 74V4
Unit & Ohio HOtt
UntopllaH Mining U4
Ilcthlehrm KKel .I37H
V Jyv -h..-"
PEACE TALK CAUSES UNCERTAINTY
IN TRADING ON BROAD STREET CURB
NEW VOniC, Aug. 7.
Tho trading on 4!h Broad Htrcet Curb today wns Influenced by tho con
tlnually clrculatod reports of peace offers, nnd statements about penra prospceti
mado many In tho speculative element offtr and sell stocks on tho oiitsldo
market at frequent Intervals during tho day
This caused a lower rango of prices, especially In Industrial shares, nlthough
tho declines from recently established high lev eh were not large enough to
causo any disturbances of outsldo holdings.
Wrlght-Mnrtin ranged from 12 to 13'i, nnd Curtlss Aeroplano was traded
In at C4 to 52HJ. Bubmarlno Boat dropped 1 point to 28, Aetna Explosive sold
down from 1 to 6, and Air Reduction was traded In at 97 to S5.
Tho Independent oil stocks reflected pfollt-taklng on a fulrly large sculo
nnd lower prlcoi wore tho order In that group Midwest Refining dropped from
18G to 181, and Northwestern Oil, n newcomer In tho samo field, which fold yes
terday at 100, reacted to 90, followed by a brisk rally. Mining stocks wore fairly
active, with tho Jeromo group showing n strong tone, Jeromo Verdo selling itt
2H and 2; Mllford was steady, with sties nt 11 nnd 1T.
Magnate sold at 1 6-16. Motor stocks wero steady, United selling at 23
and 23, and Chovrolet at 94 to 93.
Canadian Govornment new notes, which wero placed by subscription at 98,
wero prominent In Curb doallngs, about $700,000 soiling nt 97 and 97.
INDUSTBIAI.8
Ypi. clone,
AekeJ (SnU (
nia.
Air Reduction 04
Am Stores 24
Aetna explosives T
Am-Brltlsh Mfg 0
Am Marconi 2
American Writing Paper sy
Canadian Car Co 2
Can Car & Fdy pref .... OS
Charcoal Iron Vi
Chevrolet Motors Oi
Cramp 78
Curtlss Aeroplano ,.,,.. SSHr
Carwen Tool 11
Carbon Steel loo
Emerson Phonograph ... fl4
Federal Dye 40
Eastern Aniline R
Hendea Mfg 28
Kathodlon Bronio pref. . 1
Lake Torpedo Boat .... 7
Lehigh Coal Sales 18
Lima Loco SS
Maxim Munitions Iff,
Marlln Arms 112
N T Shipbuilding 41
Nor Amer Pap Pulp .... 4
Otis Elevator Bg
Peerless Motor 12
Poole Eng 15
Redden Truck 14
S S Kresgo w 1 05
Standard Motors 11
Steel Alloy 1
Submarlno 2
St Joseph Lead 20
Todd Shipbuilding SO
Triangle Film 1V4
United Profit Sharing .. Vi
U S Steamship 4
Unltod Motors 28ft
United Sugar 84
World's Film
Wright-Martin Air IS
Zlno Concent SH
STANDATtD OIL STOCKS
Illinois 22S 2S0
Ohio 890 89C
Prairie Pipo lis 287
Stand Oil of California.. 280 80S
Stand Oil of New Jersey, 810 015
Stand OH of Now Tork. .100 298
INDEPENDENT OIL 8XOCKH
00
87
7H
12
4
88
78
I)
03
S3
68
11M
101
7
"ti
34
2
7V
S3
S7
2
118
44
4
SO
16
SO
18
100
12
7
20
20V4
82
Itt
4H
iVH.
28
18Vft
194
00H
"n
04
SSV4
UVj
100
7
31
118
"
IV
20V4
10 vi
4W
24
"
IS
1
008
.203
Harnett Oil 4 Oas lji 2
Cosdsn Oil 11H 12 is
Coiden & Co ll 12
Elk DaBln it 12 18
Federal Oil SM ttt IH
Inter Petrol 18 18 18
Houston OH io 20
Merrltt Oil 40 40 41
INDEPENDENT OIL
Midwest Rcf
Met Petrol
Ohio I'uol
Oklahoma Ref
Oiage Hominy ,
Rico Oil
Sapulpa Ref
Sequoyah
Sinclair ,
United West Oil ,
Alaska Standard
Atlanta
Dig Ledk'o
lllsbt stopper (a pros).
uutte copper & Zinc
Butto New York . . .
Cal & Jerome
Con Ariz
Emma Consolidated .
First National
Ooldfleld Merger ...
Coldfleld Cons
Ooldfleld Florence .
Ooldfleld Kewanas .
Oreen Monster
Hccla Mining
Howe Sound
Independence Lead .
Jeromo Verdo
Jumbo Extension . .
Magnate Copper
McKlnley Darragh . ,
Magma Copper . . . . ,
Mother Lode
Mines Co of Amer...
Nevada Hlllr ,
Nlplsslng
Ohio Copper
Ray Hercules ,
San Toy
Stewart
Tonopah Extension .,
United Verde
White Oaks
White Caps
Ycrlngton
STOCKS Continued
Vni. rloar.
I'M AelceJ (Malu)
..180 1ST 187
rV 1 1
.. 18 10 .
.. 10 10', 10;
.. 0 0 0,
t M . '
1 11 11
.. 1 1 1
.. 25 27
TOPICS
. . 80 35
.. 10 11 10
1 1 1
..
8 HT,
14 1 1
111 14
. 2 2n
V4 1 If,
2 3
a 7
..80 OS " 87
. . 20 25
.. U 13
L. 1J iJ
8 84 8
. 8 8
11 13
A
23 20 25
81 S3 C4
..50 88 52
..30 37 37
1 1 ..
.. 18 20
7 7 7
y i ii
S"4 4
13 13 13
A ..
do IJ
Brook It T
Burns Bros
B ft Sup Cop .
Cal Pet prof
Can Pac . . .
Cul Packing
Central Leather
Chandler Motors
Ches & Ohio
Cerro do Pasco
Chic M A .t p
do Iirrf
Chi R I A Pnt t
do C p c pf t c
do 7 p c pf t o
Chill Copper
Chlno Con Cup .
Col Fuel k lion
Col Ons & Elic
Consol Oas
Corn Produds
do pref .
Crucible Steel
do pref
Cuba-Am Hub ir pf 107
Cuba Cnno Sugar. 4014
io prer
Del ft Hudson
Denver ft 11 O pf
Dome .Mines , , ,
OlMIIIcis Krcur
Eilu .
iislim Williams
lienor.! 1 Eke 'o
(em r.il Motors
do tiref .
Oreat Northern pM05
do Oro hubs . 35
Greene Can Copper 43
lnt Agrlcul prof . 58
Inspiration Copper 58
luUibor.Cons Cor fiy,
ao pref .no
110
61
97
SB
81
102
88
08
83 .
60
S44
. 00
108
a 3 Hi
no
71
. 20
. 53
80
. 40
.111
81
07
85
103
S0,i
.112
. 10
. 10
20
-13
'ISTfi
151
115
68
87
1
1
23
2
88
3
1
23
BONDS
Bethlehem Cs
Cosden Oil 6s
Cosden & Co Os
Cudahy Ci
Erie Cs
Russian Govt 6 vis ...
Russian Govt 0b...
Southern Railway 6s.
Sinclair OH 6s
Todd Shipbuilding 6s..
N T Cities 4
08 08
f7 08
01 05
05 100
07 08
73 75
82 84
01 07
01
.100 102
.101 101j
08
08
73
82
MONEY-LENDING KATES
NEW YORK Money on tall opened at
2V4 per cent, high 3, low 2, last 2i,
closed 2V,0iyt; ruling rate, 2 per cent.
Rates on good mixed collateral aro quoted
unohanged at 4 per cent trading figure foi
sixty days; 404 U per cent ninety days;
4V404Vi per cent for four months, and 4Vi
0494 per cont for Ave and six months.
On Industrial loan rates averago V4 pel
cent higher than the above.
A continued good business Is noted It
prime bank acoeptancei, with SHCP3 pel
cent quoted for member banks; 3H0JV4
on eligible nonmembers, and 404 on non.
ellgibles.
PHILADELPHIA. Call, 6 per cent;
time, 6 6 per cent Commercial paper,
throe to four months, 6OS per cent;
six months, 6(26 per cent.
FOREIGN EXCHANGE
NBW YORK. Aug. 7. Dealings in for
eign exchange In the first hour of business
were on a moderate scale. Rates showed
an Irregular course. French and Italian
exchange was easier, rubles held steady at
slight advanoa over Monday's closing and
Scandinavian disclosed renewed strength.
Quotations wero: '
Demand sterling checks 4.79 916, cable
4.717-16, slxty.day bills nominally 4.72U.
ninety-day bills 4.70. '
Frs.no cables 5.76, checks 6.76.
Lira cables 7.10, checks 7.31.
Swiss cables 4.87, checks 4.88,
uuuuer caoiss tsvi, cnecKa 43,
Pesetas cable 22.71, checks 22.15,
iiUDia caoies zi,o, checks 21.45
Stockholm cables 21.10, checks 31.70.
Christian! cables 10.10, checks 30 50
u,Casnh4tn 30.20, checks 30.10.
M TljSf' SjMOWSas tSt'a44IhiMrts
"T-L'MMsVH!P '?a
.'A.SKHH ' r -',
I
NEW YORK COFFEE MARKET
NEW YORK, Aug. 7 Tho market for
coffee futures opened Inactive today with
sales on the call amounting to 1000 bacs
First prices were 1 point below last night's
tropin8 ' W"h M&y the 0nly p""'"
Yesterday's
September
December
January. ...,,
March
Mar
Open. Hlsh.
.. TD1 7.66
. SOI 8.08
i. 8.10 ....
. 8 22 kin
. 8.32 8,83
L?W. Cloen. Cloi
T.87 7.02 7.98
8 08
8.18
8.24
8.34
7 6T 8 02
1,A4
8.27
BANK CLEARINGS
Bank clearlnxs todar compared with eorre.
pondlns day lait two years: oorre-
. .. ... mo ints
Chlcaao
fit. Louis.
77.28n.88S
18.480.835
62.744. Tno
15,419.180
40,208.070
Sugar Futures at Record Prices
NEW YORK. Aug. 7. New high records
wero made today In sugar future contracts
September going to 6.41c, Ootober to 6.38'
November to 6.20o and December to 6 93c.
The whole list made new records On' the
call bid prices were 2 to 15 points hlaher
,with sales amounting to 8500 tons Oner
ators. Wall street and outside speculative
Interests took the buying side, with the
selling scattered and In the nature of nront!
taking. Further advances In refined sugar
and the unusually strong position in spot
sugar caused the active opening in futures.
New $10,000,000 Motor Company
DOVER OeL. Aug. 7. The Automobile
Corporation, which will manufacture mo-
,ir-u; w...uuiie., was ineoi
iSi"!. """"" PWU S404SC-OJ 10,
.v 'J Wt 1 ..... -i . i. it( i
lnt Mor Marine
do pref . ,
Intcrn'l Paper . .
do prof sta
Bit Nickel . ...
Jcuel Tea
Kan-as CIt South.
Kuimcott Coj) . . .
IjioI .Steel
Lehigh Vallny . .
Lociso Wiles Us Co
Loulsv At Nash .
Max Motor . . . .
do 1st prof
do 2d pref ,
Mox I'otrol ,
Miami Con Cpr. .
M!dale
Mo Kan & Tox..,
Miss Poo
.'o ctfs nn
Not Homo sj
Nut Con rnblo . HT
Nat Enam & Stpd 44
N'ev Con Cop .... 2314
New O Tex & Mex S5Vt
N Y Cent toll
N Y N II & II.... 30
Norf & West ....132
Nor Pac 1011J4
N Scotia Steel... 104
Ohio f!as 5s
20
80
3(1
07
40
43
32
44
03
64
17
121
85
68
28
07
80
80
6
88
114
81
00
123
110
814
8204
06
23
77
00
00
103
73
60
1
117
113
60
07
88
30
161
86
04
81
60
84
60
108
34
88
71
20
83
80 J',
4U
111
84
07
83
103
105
10
89
112
16
10
28
2474
88
161
113
88
104
34
42
88
87
83
211
7
an
67
30
4.1
114
84
09
118
110
216
82
08
28
77
100
00
106
78
60
1
94
V4
121 4
124 1
61 1
07 Vi 2
38
80
102
38
04
82
60
84
60
108
84
88 ..
78
20
65
30 1
n
Net
Low. Clone, chst.
108 103 .
00 00 !
t43 ..
185 162 1
60 60
24 26
10 19
01 61 ..
28 28
17 17 V
76 76
04 641
80 80 1- '.
82 82 ..
20 20
80 30
77 77 ..
03 03 1
4 4 A
6 0
43 45
78 76
126 121 '
40 40
.. t" ..
31 Vi
wfpr" vrTOjp; : ; ,,
pSJ'T . r V 4, p.
'f'rt1
31
1
40
1 1 1
34
1
84.
103
107
10
80
10
10
28
SVfc
38
181
114
88
103
31
!-
88
87
0
GO
211
80
30
1 i
Vi
V
07 1
60
26
82
S
67
40
88
08
74
1
1
2H
81
Ohio Fuel
Pacific Moll
Penn It R
Pitts West
Pitts West pref ..
Pierce Arrow
Pitts Coal ctfs.. .
Pierce Arrow prf.
Pressed steel Car
Quicksilver
do pref
Raj Con Copper, .
Heading
Hep Iron & Steel 01 It
do pref 101
Rojol Dutch .... 64
StLBFwl 16
Saage Arms .... dsh
Sinclair Oil 4S
Seaboard A L pref 27
Sears Roebuck . . 100
Hup Steel 46
Sloss.Shcff S & I.. 65
South 11 R
do nref
Studcbaker
05
28
87
86
Tenn Cop & Chem 18
Texas Co
do right:
Too Prod
104
22
70
Undernd Typo Co.ioo
Union Paclfio
do pref
United Clg Stores,
United Fruit ....
United Ry Invest.
V S Bid Alcohol . ,
U S Rubbor
do 1st pref ,,.(
U S Steel
do pref
Utah Copper
Utah BeoiCorp...,
Va Char Chem . . ,
Wabash
do pref A
do prof B
Weet Mrtryland .
West Union Tel . ,
West'ghouso 'Mfg ,
White Motors ..
Wheel ALE. .
Willys Overland
186
10
128
44
01
03
11
124
88
63
21
01
30
58
8
32
88
81
86
43
23
.14
88
,86
122
101
102
86
60
26
88
81 Vi
66 Vi
40', 4
61
08
71
1
1
27
04
01
103
64
16
83
42
17
100
40
85
04
27
80
82
18
103
'1
68
100
186
70
"8
40
43
22
44 Vi
03
64
17
14
34
05
21
07
3D
60
6
83
88
31
36
44
28
S3
so . .
SO
112 Vi
101
103 1
87 1
SO
20
02 ..
1
33
67
40
88
88
71
1
1
f"
1 1
03
02 ;
108
0 ..
10 .
03
42
160 1
40 1
68
03
28
87
88
18
102
1
1
2
?1
183 183
0 8
103 l(i
61
70
109
136
70
121
1
1
'
183 1
1
H
106 106 106 '4
117 120 120 Zj9
118 1U ,
106 100 106 -It
-7 mit, lgiA . .
41
11
40
26
20
02
40
47
15
SS
41
11
49
26
20
02
40
40
13
32
1
J
0 ..
0 ..
20 H
01 1
40
46. yt
!?
32 ..
f and St.
pJtS8 aWVfeSSfSlffilu.M,lw-k'
..me period JStt'XtJi&L
Total !, 461.SO0
..,iw nnarrs
002,400 shares!
shares.
LONDON STOCK MARKET
Orders Are Small, but the Tone Is
Generally Steady
LONDON, Aug. 7,-Ordera for securities
for Investment that had accumulated over
the holidays were trifling, but the tone of
the Stock Exchange markets generally was
steady today.
The feeling with regard to Russians was
mora cheerful on Improved riews from Pet
rograd and the placing of a further parcel
?f,.n.'i"lBn threo months' credit bill, at
4 13-16 per cent. '
The gilt-edged. section was good In soots
Tho 4 per oent conversion loan dlsolaveci
the most strength, being Influenced by fte
Government's preparations for a new fssii.
Americans moved within narrow llmiu'
but sentiment was optimistic, owing to th.
firmness at New York. Canadian Pacifies
..... MMk ...u iwu. rus were Irregu
lar Thar va mrAvnt. ...... I - -lu
lar. There was moderate buying of homa
lines for Investment. B l nomt
m. lurwer auvance occurred In n-..j
on favorable earnlnss and th.
fw the
..- ..
v. i..,v.m'S. . r
Trunks
nadlan Governments
Trunk raaias.--'''-''-
. . .jrt;
x..
Hlsh.
28 Am Oas ..10s
a Am Rys pf 00
Comb Irpn ..
12 Cam Steel. 162
810 Elec Stor.. 60
800 Erie 23
100 O Asphalt. 10
10 do pref. 61
100 lnt Mcr "M 28
400 Lit Sup C. 17
10 Lch NaV . . 70
.17 Lch Valley 64
40 Mkhale ..80
ISO Pcnna R It 52
107 Phlla Eleo. 20
11SS P It T t c. 31
2.1 Phlla trac 11
Heading .. 08
10 Ton Bel .. 4
81 Ton Mln.. 6ft
1 Union Trac 45
131 U ft I ... 16
3110 U 8 Steel. 117
8 W Jor & S 40
Yolk ltwy. ..
in dn tiref . . 87
tQuotatlon given Is yesterday's close.
Ex dividend.
Tntil phIm. 0186 lisre. eompsrril jllb 7IM
olmres ywierilan Inns far ' "" "'
.Imrrsi came period Inat week. 7337 (.narra.
nnNDft ei
" Hlsh. Low. Close, chce
14000 Am Oas A
Elec 6s.. 01 91 91
2000 Leh Valloy
gen 4s... 88 83 83
4330 I.lli Bonds
W I. 09 08-100 09 00
4000 ICll A New
Eng 6s.. 102
1000 ProVLAT
ctfs P Co
cons 6s. . 09
12000 Pennn Co
temp ctfs
4s .... 04 04 04
18000 Phlla Eleo
1st 5s... 100 100 100 ..
T0I1I Hales. 2,330, compared with SM.700
e.lcrilii thus fir lli la week. tOi.oWi mime
period lust Hrek. S33.400.
INACTIVE PHILA. STOCKS
Follow Ins nro quotations for Inactive
stocks listed on tho Philadelphia Stock Ex
change and In which thero wero no trans
actions today. Tho price given la the last
previous close
Alllsnc Ins ... 20
Amer Stores 37
60 pref ... 116
Am (Ins war.... 1
Am Mill . .. .0
11.1,1 l.orA . . . 7r
nrlil J II .r. mitt I'mnaHnlt ....
Hurt Hung, t 0 fin lVnn TrnnMo ....
do pref .. 40Vi J'hIU Co
ratawlesa 1st pf Bi PUT
Con Trac N J . . 71 Itendlnr ... .
Ins Co of N A . 2" t.'n C'oa of N J .2
Ke stone Trl 11 VV N Y A P .. .
Kejstono Tel pf. 66V4 Warwick .. ..
Wrstmoro foal
Local Bid and Asked
rTrSTrciNESS ON LOCAL-STOCK
EXCHANGE IISIN U. S. STEEL COMifl
... -.i:n MonHv a Point, With SalesTotalinrr m!
Than 3000 Shares Before Midday-Market a Little 1
.asa tiia Mn n f v?n isli -v 11 ai a a
Broader, but Home qiimv. lve
ciin On on sjmalt tnnaettons ii
There vas broader trading on Phlla-
Stock KKchanw i.y. --
a greater
101 102
00 00
dolphla
thougn asrcuirr - ;' -tl.lly m any
dealt In. thers, was II tie nctlv ty .
tbe loss, Brokers had ery few orders to
execute for sellers or buyers.
Rapid Transit trust certlflca Us, which
led the local list In jestcrdays session,
wero without feature today. Only a small
turnout 'took place, and the price was frac
Uonaly lower. Other traction shares were
Inactive, thero being only one mall saleof
Union Traction, with the price unhanged,
nnd Philadelphia Traction was also taken
at vesterday's last price.
Lnso Superior Corporation showed a little
momentum, and the miotat on was ft Itttl.
below that at the end '
Valley Railroad was itio of the few .tocK8
showing any vigor, ndvanc ng a PMon
an odd lot transact on. Mldvale Steel was
a fraction higher nnd York Railways pre
fcrred gained hntf n point
Tonopah Mining was off a trifle, as was
Eric, Lehigh Navigation and Tonopah Be -n
ion . Philadelphia Electric and Amerl-
Pennsylvania Railroad, nfter beln. !
Battery developed some strength and i
Bnir a point Dcioro tno close. n.air
vancrd 1 points late In th .:.alni
The subscription lists for the tins'aJ
nna ltnlled Ktatoa TnM.nn, ... "v"."i
certlflrnfes of Indebtedness dntci f.'
nnd due November 15, T917, closed irl
Federal Reservo Bank of Phlladamhi.
day ot 3 p. m. ""!
The following notice Is being soni a.'J
Qlrard Trust Company to holders a J
tincates or deposit issued for stock ,
Lehlirh Vallcv Transit nnmi,.. M
"Ths Electric llnnd nmi ui.. 1
having exercised Its opUon, under an?"
ment dated February 7. ln. h... " .
tain holders of stock of tho Lehlsh vJ
nd Share Company, to purchase ih,
ferred nnd commoh Btock of th n.v,J? J
ley Transit Company, nnd havlns- 5.J
tho depository the sum of 148 per s1
earn snaro or preierred stock and n.
share for each shore of common stLi
posited. In nccordanco with the term. 5 '
nirreement, you nro hereby notln.T.
sent your certificate of dcnonlt .L .
dorsed In blank, to ihtJffitZLEl&r
celve nayment thernfnr." " ra I
New York Bond
High. Low. Closed
Sales
4000 Am Agr
"
clttj
lyeh Vol Tr
iln pref ..
Mlnehlll ....
N Penna . .
Phlli Co pf
ao cum pi
Today
Amer Stores
I trill .1 (I ..
Hurt ft 8us t
do pref .
llaldwln .
III.c Mnrnro
Hid.
864
26
r,s
no
78Ti
'!)
Cm Asphalt 10ft
do prir ,,
Key Tel ll'.i
do t o iv
I.ako Sup Corp
I.ih Nov
I.eh VoIIpv
I.rsh Vnl Tr
ilo prof
IVnnsW-nla
l'nlla 1 lc
l'hlla Co ... ...
do 5 per ent pf ..
do il p r ct nt pf .
P It T I c
Heading
'Ion Hel
Ton Mln
Union Troc
l! n I
U H MOfl
ork uy
do prof ....
Wm (ramp ft Hons.
. 1
. oiK
. 211
. 411
. mh
211
. .17 V4
. 31
. HNi
. m
tk
. mW
. 7S'4
.127
. 11i
. .17
. 80
Ask.
28
07
B
74 i
l,il
20
(IJ
12
ns
77
!!4
47
nj;
211'.
so
"..
80J
:u
U-,14
IM
n'i
41
S7
bi
Yesterday
SK.
111(1. A
36H
211
sun
2S'5
63 67
4M nt
74f 74".
r.'t iw
111 111.
1,1 tu
ll'i Wi
01 117
7i'l 7714
.1 114
2ll 27
411 47
nj r,i,
211 SOU
.17 3U
111 .'10
8li 39 4
81 ,11'i
Ul'fj 04 i
4!
ii ',4 n
44 43
7hJ 711
127'i 1274
11 14
8lH. 8S
80 83
INACTIVE NEW YORK STOCKS
Following are quotations for Inactive
stocks listed on tho Now York Stock Ex
change nnd In which there were no trans
actions today. The price given Is the
last previous close.
.dml.nspress,..lli
Advance Humelv. lp
Ailv llumely pfd. -
AJax Ituhber .... J
Alislta Juneau . . 08
AlllsChal pf ;,
Am Asr Chem PLIOJ"
Am Ileet Su; f';,?i..
Am Can A ldy Pll5
Am Hloo ft L H'
A II a ft P""0f
do ctfs pref.... 101
Am Cot Oil pref.. 03
Am Kxpress ..... ,,
Am Hmelt pt.A.. 0W
Am Smelt pfO W
Amer Sugar pfd..ll8V
Am Sumatra yrct 03
Am lei t Cable.. 60
Am loo Pf new .ll'l;
Am Zlno''ft L Pf aj
Am Writ Paper pf 81V,
Asio D 0 1st of J2
Atl O Line HI
Ml 11 ft W I Pf"'!
nald Loco pref ..100
Halt ft Ohio vt ..
Uarrett Co .0.2
larrtt Co pref..U8W
Urooklyn Un Gas 10
Hrown Shoo 71
Vil l'etro, .. ,,?!
Cent Leather Pf. 1124
Tent ft H Am Tel 11.1
r.tA a Alton iv
do prel .
riii Nwn
rhi fit Wept
rl.l .. Vn.thlllt
Chlno Copper ... 85
Col ft So l"t pf. 5J
do 2d pref 40
Cluott.Peabody pf.110
Col ft South..... 26
Comp Tab Re..,J
Con O B L ft P.. 113
Cont Can .,
Cont Can pref... 112
Con lnt Cal Mln. 174
Continental Ins.. 81H
Clllt PI P... 7
Cuba Am, Sugar. 200
Deer & Co pret.100
D 8 B ft A pref..
Den ft IUo Or... .
Detroit iMlion..ia
Klk Horn Fuel
lileo Stor Bat
n, ,
do 1st prei .... 01
Erie 2d pref.... 284
an Cigar Stores SMi
Ooodrlch B P .. 4 5
Goodrich B T pf. 104V.
Dranby Mln , ?J
(lulf StateBtl..ll0
Haskell ft Barker 88H
Ilartman Corp... 62
fn..nnA VI n ...mi
trnm tclra 100
Illinois Central... 10V
lnt Agrlcul !'(
lnt nary. worp.. 1
.IUO
May Dept Btores. 684
Jlay Dept Str pr.loi
Mex Petrol put.. 03
Manhattan lleach, i
Manhattan Ciar.,113
filth Cent no
Minn ft St L new 16 U
Mont Pouer .... HH
Morris ft Kssex.. 804
, do pref 114
IJ St P ft 8 8 M10S4
Mo 1'ae 0 of d t p 01 4
5Jt Ilecult 109
Nat Unam pref.. 00 4i
National Lead .. 80V
. do pf 1084
Nat nil Mex 2d pi 8
n t c ft fit I,.;. 2a
n Yo 1, w .::: 224
do 2d pref r,04
N Y Dock nu
..do pref '. 40
Norf ft South.... 24 i
Norf ft West ....lSlW
Norf 4 West pf.. il
&?thAm 1
Ohio Oas rts 03
Ontario Silver.... M,
Owens liot 00
Pao Tel A Tel... 2
Pan-Am Pet pt. . on
do prior pf ct.. 03
?,.& ?i'i.
...... 23V4 I lerco-Arrow pf . us
preh.109 Pitts i Steel prif . k
.l,8. r,"d Htl Car vl.HM
jwest Ki Pullman Pal Car 1444
7Miii Am Fore gu nco. ii.i
61000 Am Smelt ft Hef a.,
1000 Am Tel clt 4s
7(10011 do 6s... . .... '
K.00O Armour Co 44 s . ...
1600(1 Atchison sen 4s... '
200(1 Atchison cv 4s lOOO.i
2000 Atl Co Line 1st 4s...
1000 Halt A Ohio 34. ....
80U0 do 6s..,.
noon do cv 44s ... .
1001) Halt ft O Hwn 84 s .
toon Ilrk Hu Ir B 1018
iionu Hurt lloch A I'M""
2000 Csn tiovt r,s 1820,...
300(1 do fls lU.ll..,.
1O000 Cent I.eath 1st Ss....
1000 Ches A Ohio 44s
2000 do Cs
3000 do conv Ss
01100 do conv 44 s
1000 Chi A Nwn 84 s
7000 Chi 11 A , Joint 4s..
BOdU O M A fit P rfd 44s,.
18(00 Chi It I A P rfd 4s..
811000 do Cs 1 sla
4000 do 4s. .
20(11) Col Industrial Cs . ..
i'OOO Col ft South 1st 4s,.
r.VOO (!llv nt Pnrlfl (g
Sotio Col V A I gen Ss..
1800(1 Con (Ins conv Us ...
CHOI) Cumberland Tel Cs.
iiiiiid (.HI Hallas ns .. no
COD") Corn l'rud Ss 34s l'i
1000 Dm A ltlo Or 6 78.,
17000 DiH becur Corp 0s ... 73JI
1800(1 L'rlo convr 4s Her II,. BS
100(1 do conv 4s Her D.T OV.
2000 Hrlo gen 4s HI1,.
Coil") Interb U T rcf C U-Vi
3100(1 Hud ft Man rfd fs... 01 ,
J0OII Houston A Tex Cs....l034
10(10 HI Steel d(.h 44s...,i 801.
HIOOil Indiana Htid Ss ,, 101
1000 Iowa Cent 8s s ..SI
1J0QO III Cent 84 s " 78
1000 Interb Met 44 03
C'i(Kli) Interb It T ret 5s .,., IU'i
1(100 Inter Mer Mar Os 1)14
10000 I C C A St L Cs 01
1.1000 K C Kt 8 A M 4s..., 004
joint Kon City So 1st 8 i."4
6000 do Cs XI
1000 Keokuk A I) M Cs... 3d
4000 I.acka Steel Cs IO."!.. OK'i
2000 IX Mh deb 4 1I1JS... 1)14
0000 do deb 4s 1031.. .. OP.
4000 Lie A M T .Ir .... too
20DO Long Island Cs 37s.
2000 Lorlllard Cs . ...
10000 do 7s
1000 I.nuls A Nash 4s...
004
8SU
87k
1104
COTTON GETS WEAK
ON PROFIT-TAKI
Drop Occurs After Augus('j
rt 4j- XTa TTI-T "r
i. nuw xiign record of I
a .1 uc -xraaing Active-
i
.1104
. "7
(134
so'!
914
Sift
084
1)14
01 If
804
01)4
804
1)114
lin
nnU
76600(1 Liberty Bond w 1 3s
vu (r:-i(ai uu 4siou 09 ikmoo
J44
peadlng 1st nf
liny stl Spring.
Ity Steel pref....
si ; l ft s iv..;:;
Bt L ft swn ....
Kcaboard A L pf.
Bhattuck Arig ..
Bloss Sheff sieei
sE IPnn ttH
80 P Rico 8..!..
Hnuth Iljr pt .;
tandt Milliner
Studebaker pref.
Muts Motorsv . . .
TJ?7A". P9"ne..
-Miru AY9 itK ,
tiuoiT.ier till .,
40
r.a
98
174
80
81
27)4
24
83
207
sou;
88
884
414
17"i
21 V.
,203
104
r B r. a .r.V.1 .I1
- : vvciia lu
00 ctfs 14U
S2.nw!IIIa.ms.. Vi
..:"l,,-"y. . r., s34
"as Taper 1144
Tob Prod of
101 01 u west
Un
do pref
lnt Harv SJ . .JjaV
lnt Harv N J pf.117
lnt Nickel pret.,.101V
,r
II
tnwa Pent
Jewel Tea pf . . .
K O South pref.
KtlTy Bprlngnell
If.nG Mr n M
I. M A W'oref... 30
I.aclede Has 08
le Hublier Tiro 21U
I.lg ft iljer Tob.. 231
I.on !sl ctfs pf d 40
Lorlllard P .....JOS
lorlllard P pref. 116
Mackay Cos .... 80
klackay Co pf... 63K
Manhattan Kiev.. 113
May bept Stores, D2Vi
un tvtaor n 1"
V.ncJr R'pf.'illi)
H H Cast lr PIm 21H
I ,,'V. apar uoard. 29
it V."1.1. Ally Meei 444
Un,"e2 Wood 68 A
unites- Drig ;;; nn
S'lisr""" 51 20
H ElPrss..,. ii
vi r;v?;"i" jii
Weet M.vI.hV
.W.v .--.. r"
" ':.v "
Y.,ifJn,?.n T' !.. 84
Wheel ALE pref su
W?'.h,h 'ff'.'.12S
w" p m .::: ssv
71
21 IX
:; H
6
103S
jU
RAILROAD EARNINGS
TEXAS ft
Fourth week July
Month ..:
From January 1
Increase
130,092
47,938
PACIFIC
1917
1334,433
1.633,718
CHICAGO anEAT'wiin.Vn..,'D2('"129
Fourth week July 1369.661 lisiin
Month ...j.... 1,80,4B3' Vs'Sis
From January 1 o.los aaa Altai
SOUT11E8N nAIt.WAv'oVo..SS"'07
RnIV,-rn Tl.llw.V (f.lr, 1.1 -. i !? .
rourtn wstK
rrom July 1
July V (U"i2 aYiinM W"-
:".,.'.:::: 'omI'SIs ,,X52-9
Oho 0.224,618 2,014.018
Mobile and
Fourth week July 885,188
From July 1 1.186010
Oeorgla Southern and Florida
Fourth week July .... 69,064
From July 1 206,848
WESTERN PACIFIC
June groi 1902,633
Net 870,729
Blx months gross .... 4,444,079
. 1,DUZ,
'uecrease.
02,298
212,287
10,020
18.914
I2J0.286
181,424
929,790
480,294
t Rolling Mill Co. Increases Csplttl
CINCINNATI, Ohio, Aug. 7. Director,
of the American Rolling Mill Company "a
Increased tha authorlied capital of ill
ABmSLily from "'000:0' common to $ao!
000,000 common, and from 1100,000 nre
ferrad to l,500,0po preferred, Action
reducing th. jmtJ value of commw staiS
from tioa.ta SaVS aaai -... .""V ".
"$$&? y Ms;."
y'swemmmu. u.-1i
80000 Met West of Chi 3s .. 01
C000 Mo Pao W I. Ss 1923.. :
1060 do W L Cs 1063.... 81)
04000 do cm 4s (10
2000 do (Is 1014
C000 Mont Power Bs 93 i
31000 N O Ten A Mox 0s.... 04
6000 Nat Tube 3a 1014
1000 N Y C L H 84 61
1000 N Y ft Hock Beach Cs 904
42000 N Y i ft II 0s 1014
1000 N Y City 4s 1"C0 94
1000 do 44s 10(13 1024
1000 N Y (1 1U PO 78
bOOOO dn Cs ,,,.. 084
2000 N YNH ft II cv34s. SO
400(1 do 6s 074
2000 N Y Queens 8a 904
8000 N Y ltwy 4S 68
10(10 N Y Stato 44si 774
J200O N Y Tel gen 44a.... 934
11000 Nor Pac 4s. , 874
800(1 do gen 3s (12 'i
2000 Ore fihort L, 4s 8(1
1000 1'aclfto Tel Bs (is
8000 PaolHo Uas Ga , 874
27000 Penna gen ct 44s.,., 044
4000 do en 44 s loi'J
loon p 11 i.w 4s..:.: ... j
7000 I'ubllc Servlco N J Cs. 87
1000 Pero Marquetto Bs.,,. 874
211UU iirpuD cuna ns iui)4... tiov
im.n, jieii
1000 8 1
'f Ir 1 B Cs 100V
A N Alabama Cs-3s.l00
.
.. 6(14
..074
..1024
.. coy,
.. 1184
. H4J
..inj
.1044
.. 014
.. 61
.. 08
.. 094 1
.. 01J
H
-.
8
CO
1014
1114
04
1014
(11
0(14
10 14
nl
liu's
78
984
S?4
S64
63
034
874
024
86".
118
1004
100
06
49
7fS
814
iisy.
87
21100 HI L 1 A f ill
1O000 do In
9000 Bouth Pac 4s
7'.00(l do cv 4s...
7200(1 do cv 3....(
.iiiiimi tio ria ss
2000 Bouth ltwy gen 4s..
soon do Bs
1200(1 Texna Co 6s
0000 Tol Bt L ft W 4s...
inoo Trenton Oas r.
4000 u 8 ltubber Cs
2000 IJ 8 S A H 6s
17000 U 8 BUel 8 r Cs...
nooo Union Pao 1st 4s...
innft un Rwjs at I, 4s ..
54000 U K of O II A I Bs.
73000 do r.4s 1018
70000 do 34 s 1010
11B0O0 do 34s new 1010.
10x000 do B4s 1021
loon Vn Car Chm 6s...,
7000 Va Bviys Ss
Total sales. S2.60O.O00, compared with S3 84 s .
000 jestenHyj thus far this week. SS.MlOotiT
sameiperlod last week. S2.638,00oT D,M4lWl
DIVIDENDS DECLARED
American Cotton Oil Company, regular onar.
terly of 1 per cent on common, payable SodI
tember 1 to stock of record August 13,
1VI til tiivfAn b at ab. .
"""""" Y"."ipaiiT.. semiannual of a
TOTTON BELT WEATnKIt CONDITIfrl
-iL?iL ."! A.- '--The follow.l02j
'.. H.u.rf. wrro rrrorueil In the rail.. 1
this morning! Atlanta nnd KnJJlilB '
Macon nnd Kntelgh, 72i Abilene 32S IHf
Port fimllli. IJttfe 'Rock. "lemphKVsB
Hhreyeport. Vlckibiirg. Pensa" iff .VlV
SOntllle. 16l Cnmn. Vh.l..i . " ft
ve.To'nT so".' 6avannah nn"d npa. 78n
,JnTViJRVJ .'ffi'Wtatlmi st
Inch at SlonUomenrVnd .80 inch AtlaS
NEW YORK, Aug.11!!
r.nnf!.l.nl,l n. ..., ' ."". 11
v.u,,s.uc.,w,u ,,. u.i.-mnniK vveaKened I
cotton market today nftor It had ril.niu
strongth. August at ono tlmo sold at l
11 new iiihii retum tor me season, west
Intorests were credited with reallifng 1
mo UVIIU4IIU 11 wm nuuiiB uiipearea to
uueu iiruiiy wen eaiiHiiea,
Contint.ed talk of (strength In t5uoti
factor early. BUfilncna was moro tctlttl
a ,o iiiaiAc. o.iuwcu renewed stri
this morning. Tho demand wss
goneral than It had been yesterday 1
buyers again found very few sellers.' i
nftor opening firm nt an advance ofi
,w i7uio, uaijuii urueri were uncover
which sent October up to 26 COc, or 44 pot
abovo last night's close nnd 21 pottiH th
mo iuw iovci vi last inursuny.v i-jf
Reports that cotton had sold ojt of Hal
iucui omen at io points on August yu
u.ij uuuuiicra niurciiHoa tno nervousntNa
tbe near month's short rhtereM burttal
vvaB covering all alone tho lini .( 1..
months wore rclutlvcly firm at the start.!
j.iiu iiurciiawes 01 cotton out of the sta
hero were said to bo bv "an ornon.. .
bad freight room engaged nnd wanted to 1
uui un jiuBU3i siiipmcnt.
Yes'da'a closq Open
October.
December
January..
March...,
Slay
Spot
26 07 20.15
28.87 21.73
23 07 21.78
21 82 26 0.1
SI 76 20 18
27.80 .....
Hlah
2(1.44
26 13
2(117
26.21
20 30
I.OW
23 97
23(4
2.103
23.77
23 94
Liverpool Cotton
LIVERPOOL, .Aug. 7. Thero wag t J
demand for spots, with prices strong.1' 1
Kuiei woro suuu oaies. tho receipt! 1
uuuu uaies, including uoo Dales Amsi
spot prices wero: American mlddllm
zu.BSu; good middling, 20.15d; mldiS
is.BBdj low middling, 19.40d; Eood on
ib.ioq; ordinary, 17.95U.
STUDEBAKER DIVIDEND
CUT TO 4 PER CB
044
r 1 to stock of record August 13,
mlngton Gas Comnnnv. .-.(-..
per cent on preferred, payable September 1 t3
slock ot record August 20. "v"noer 1 to
Coppi Bangs Company, regularouarterly o
11,30 and II extra, payab e Henternbei t ,X
stock of record August 22. oeDIe,Iler 18 to.
Chsmplon
record
Creamery Company,
Connor rnmnin. . ..,,
16 40. cavabla Aueust Sii . ' .. .."'"""hi of
August 10. 'ut OI
TtsMI t rlft strata m a tw rtM.
terly of 24;-per "cent Sn common aWu":
ofntre?onrdPAuyur.'t,'7faabl9 AU'u5t K '??
Quaker Oats Company, .quarterly of a ...
eent. an Increase trom 24 per cent frr.S. Pfr
last declaration. v" c'nt 'rom the
Bt. Mary's Mineral Land Company ..i-...
A,iaStIiK"l,I AUrU" 8 "a oftl&'rS
stock ot record August so. usus 81 to
Lanston MonotvtM Kf.-kiK. ..
lar quarterly of 1 V ir cent mSHE"? W'
to siock 10 record August 21, "ausi at
Business Increases, but Provision III
Bo Made for Excess, Profita
m 1 !
SOUTH BEN'D. Ind., Aug. 7. Tho'l
rectors of tho Studebaker Corporation t
declared a dividend of 1 per cent oa I
common stock. This placfbs the Issue I
a 4 per cent per annum basis, ' compi
with 10 per cent heretofore. The last (
trlbutlon was 2 per cent on Juno:
The regular quarterly dividend of IS
ceni on tna preferred stock was dei
tuuay aiso. yl
ino initial dividend of the common 1
was per cent in June. 191B. A dlri
of iyt per cent was paid in SeptemUfj
inai year, in December, 1915 ; Marcai
June, iiiih, y, per cent and 1 per I
extra was distributed. Slntfe that tlniit
company nas been paying 2 per
quarterly on tho common.
Following the meeting President AJ
arsKine gave out the followlns: stateo
"The net profits of tha corporate I
tno nrst six months of this year amoa
to 12,960.198. after deduction of exls
corporation Income taxes, hut without!
Vision for excess profits taxes about tq
enacted by Congress. Since July 1
of cars have Improved, nnd present 1
mand Is for about 1000 cars per week.j
"Tho condensed balance sheet of I
corporation and subsidiary companies I
of Juno 30, 1917, shows total tanglblol
eeta of 355,400,000, including 141,10'.!
or quick assets and 314,300,000 of
anfl property account. . ..alnst
stands 316,900,000 or llabMlles'. IncW
313,200,000 of bank loans. Since JnMJ
outstanding bank loans have, been rei
to less than J11.000.000. The dW
are payable September 1 to holders of I
ora August 2."
BAR SILVER
(,,
New York (cents) 814f
4 I
Last
Tues.
London (pence),. iV.
Yes.
Holiday 304
ir
M
... m
BIC.D. '
Hlsa.
81H-J
414
Excess Profits Tax
V
vjontfreis -ai'll .i . i .n . .
-- .... vuua rjsisa a k.11 . . . a. .
. -. r "" ynB, "Wr ix siii
Fronts. 1 l tt ;. 1 o. .' . 11
. unitea Dtatcs steal Company buf
A " V 0i 5318,872 for tti. purpo,e.
.- -pr.pwa,., to meet your taXe. witWt ,'ncon
venience A A i ... .. :
" " pian " t0 y aide a reservs
out or prent earning and deposit it in .peoial'
ount a.t intereat with
31$CksitBtSt '
-' yMifWiKt ,
National bank
otSmMmnit,-
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