"
una SHENMNOO
RAILWAY LIGHT
COMPANY
FIRST CONSOL. s
NOVEMIER , 1920
mCB FROM 8TATK TAX
PENNSYLVANIA
IN
CAHNINOS OFFICIALLY
REPORTED 2'A TIME8
INTEfiEST CKAROE9
v 87 AND INTEREST
NETTING OVER 6
REILLY, BROCK & CO.
BANKERS
106 CHESTNUT ST.
nuLAiiEr.ritiA
WMMirtr 2 -v - ,' - .. -i. ' J
itfANtllAL NEWS-NEW YORK AND PHILADELPHIA STOCK QUOTATIO
;,t
5y
.
. i -
(?f
J-i
l." ,
17
MJ ,
'ifr
'"""
II r.
CM''
If
K
isv. -
ti'jt i. . I:
K '
i?.
i,
Fn 5j
MJjl'
fe1
Gflr
'.
Our Current
Investment List
contains fifty-one at
tractive securities"
bonds, notes and pre
ferred stocks yielding
from 5 to over 7.
Maturities of from five
months to ninety-nine
years.
BEARS FORCE DECLINES IN STOCKS;
NEW HAVEN SELLS AT NEW LOW MARK
Losses, of One to More Than Five Points Very Little Im
pression Made on United States
Steel Common
High Points in Today's Financial News
Dears forced prices down in Wall street. Holders of airplane stocks on
Curb uneasy. Gram irregular. Cotton higher. Continued advance in bar
silver. Foreign exchange xrregutar. Money easy in Wall street.
AIRPLANE STOCKS
HOLD ATTENTION
Buyers at Top Are Uneasy Over
Outlook on
'Curb
coll or
Vo. fill.
Bonbright & Cpmpany
UORRIS WISTAIl STROUD, Jr.
JIanuger
437 Chestnut St.,. Philadelphia
New Tork
London
Hoston
Varla
Chicago
Detroit
NEW YOUK, Aug. 21.
Trices suffered severely In the Stock Exchango trading during the first
half of the day, when Bethlehem Steel "H" was driven down more than 6 points
to 107 Vt, and tho rough riders In the bear ranks caused other stocks to show
losses ranging from 1 to more- than 6 points.
Tho Bethlehem raid was asserted to be based on the reports of now financing
and nn Issuo of "li" picferrcd stock, but the bears needed no cxctiso, for they
sold United State Steel common, Crucible Steel, Heading and Union Pacific
all with the same degree of confidence and attached little Importance to assot
value or earning power whenever they found a stock without protection.
They were not able to make much Impression on United States Steel
common because that stock will In ten days sell ex dividend of 4U per cent,
and It will certainly look cheap with that amount taken off Its current price.
New Haven sold off more than 2 points to 20U, a new low record, and Dela
ware and Hudson sold down more than 3 point to 100',4. the lowest price ut
which It was traded In for more than twenty years.
AH the railroad stocks were offered at concessions at the same time, but
the trading In the railroad list generally was small, reflecting only the position
of the room traders on tho floor.
There was a Htlci activity In Missouri Pacific -Is. which sold down from
5S'4 to nsVs. United States Liberty Loan bonds ranged from OD 96-100 to
00 8C-100.
NEW YOnK, Aug. 21.
For the present more Interest Is attached
on the Broad Street Guru to the trading In
airplane Issues than to any other group of
stocks. Those shares made an extravagant
response a few weeks ago to the reports of
profits to como from Government expendi
tures, but the buyers at the top are now
uneasy over the outlook and disappointed
holders have been liquidating for some time.
Wright-Martin Aircraft, which sold down
to 9 yesterday, was In better demand, rang
ing from 9 to OH. and Curtlss Airplane,
after opening at 46 H' rallied to above 47.
Mining stocks were Irregular. There was
brisk trading In Emma Consolidated. In
dependent oil stocks were steady. Canadian
Oovernment 6s sold at 86 '4. General Elec
tric notes at 101 and Dethlchem Steel Es
at 98 K.
Sales in Philadelphia
Net
Chun.
1 -NEW YORK STOCK SALES j
Net
rhge.
ifc'y
M ,
;'
?t
JU?"
&ZI.
l-
EFJ
L
jTH.
I
e.ftl.OarKvSCo.
BANKERS
UuubUeliml 1UI)
321 Chestnut Street
Philadelphia
Hlirh.
Alaska Uold M... lift
.Mlls-Chalmcrs Co. 28V4
Am Agr Chcni . . 03'!i
m fleet Sugar . . tilijj
m Can . I0V4
Am Cnr & Ktly Co 74
Am Int Corp . . . 00
Am Hide & I.eath 1314
do pret . . .
Am Linseed .
do pref ...
Am Loco , ...
do pref ...
Am Smelt . . .
Am Sum Tob
Associated Oil
Am Steel Fdry
Am Sugar . .
Am Tol & Tel
Am Tobacco
Am Wool i
Am Writ Pap pref 37 V4
03
27i
si
no
10SV4
&
st
02
no
120
110H
.203 202
151
Low.
nyt
2
0374
00 H
1.1 H
1.1 V4
.19
13 -If,
(13
!
3i
(IS
101W
101
111
02
09
1I8U
1I8V4
Close.
S'.i
28
03"',
ooy,
4.1 Vt
734
soy,
13V4
(1.1
2n(
03
'A
Mi
Vi
1 14
iritrh.
Jewell Te.i 40
Kansas City South 20i
Konnecott Copper. 4314
Lack Steel . . . .80
Lake Eric & W . 1.1
L E & W pief.... 28
Lehigh Valley 01
Llg & M Tob rts. 1
Louis & Nui.li .. .12314
Osage-Hominy
one of the big producers of
the mid-coptinent field.
Send for new Report 630-T. U.
JONES & BAKER
STOCK BnOKBIU
Widener Bid?., Philadelphia
Boll, Wslant ICBO-t. ,
Keystone, Bae 2200.
New York Dostoa
Chicago Pittsburgh
DUect Prlvatt Wirt$
J0XE8 A BAKER. f
Widtncr Bldo., Philadelphia. Pa.
Tou may send ma you report 630-T.U.
Nam
..
Addrctt
CHv ....
Stat:
11
kit
ft I
iin
yn
R I
iu
LebUh Power S
jm men ton,
C. 6fa NAta. m7
AUUIVniOlli LUDUUU, ON. iuoi.
City of AttorU. Ore.. Water fii, 1037,
nirmmsnam nurwnter ot, iuio,
Lnpton 1 rreferred.
Circulars and Prices on Application
Morris Brothers Co.
(Established 1898)
1421 Cheitnut Street
31V,
Am Zinc & Load.. 23Va 23V4
Anaconda 7fl4 7.1
Atchison 9i 00
do pref 05 03
At Coast Line ...loo ino
At Gulf & W I ..108 100
Bald Loco Co ... 09 08
Bait & Ohio 08 08
do pref 08 08
Datopllas Mining . 1 1
Beth Steol 114 114
Beth Steel B ... 113 101
do pref 145 115
Burns Bros 03 05
Butte & Supr Cpr. 38 30
nutterlck Co ... lf U
Cal Petroleum ... 20 is)',
do pref 50 50
Can Pacific 100 1.10
Cal Packing 42 40
Cent Leath 01 88
Chand Motors ...so io
Ches & Ohio .... 58 87
Cerro de Pasco... 38 33
Chi Gt West ... 10 10
Chi M & St P ... 00 00
Chi & Nwn 108 107
'ChrR I & Pac t C 30 28
dofp6pc.... 63 51
do f p 7 p C... 68 07
Chill Copper 18 18
Chlno Con Cop. . 65 53
Col Fuel & Iron.. 48 47
Col Gas & Elcc... 43 41
Cont Can 90 00
Corn Products ... 34 88
do pref 07 071!.
Cruclblo Steel ... 81 10
Cuba Cano Sugar 30 80
Del & Hudson ...103
Domo Mines lo
08 1
103 1
101 2
62 1
02
09
118 2
118 1
203 3
81Vd
37 2
23 ..
75
09
93
Max Motor
do 1st pf .
do 2d pref
Mex Petrol .
. 30
. 07
. 20
.101
100
107
08
08
08
1
114
100
115
05
30
11
20
50
159
41
1
l
H
1
i
100 101
80 1
80j 1
61
83 ..
10
00
107 1
29 1
52 1
07 2
18
83
48
42
00
33
07
80
30
Miami Con Copper 37
Mldvnlo Steel ... 57
Mo ICan & Tex . . n
do pref 1 1
Missouri raclflc . . 30
do pref 6.1
Nat Con Cable ... 34
Nat En & Stp .... 41
National Lead ... 3t
Nevada Con Cop . . 22
N Y Air Brake . .131
New York Cent.. 83
N Y N It & H.... 82
N Y Ont & West. 22
Norf & West ....118
North Pac 101
Nova SCotla Steel. 102
Ohio Gas
Ontario Silver . . .
Pacific Mall
Prnna R II
Pitts & West ....
do pref
Pitts Coal cth . .
Pierce Arrow
do pref
Pressed Steel Car.
55
0
27
52
20
01
63
39
08
70
Pullman Pal Car. 142
Spring
Cpr
Distillers' Secur. .
Erie
do 1st pref
do 2d pref
Fed M & S
Elk Horn Fuel . . .
Oaston Williams..
General Elec Co . .
General Motors
Goodrich, B F . .
Gt North pref....
Gt Nor Ore sub..
Greeno Co Cop . . .
Gulf State Steel...
Haskell Barker...
Illinois Central. .
Int Agrlc pref. .. .
Inspiration Cop...
Interbor-Cons Cor.
Int Mer Marine...
do pref
Internl Paper
Int Nickel
do pref
28
. 24
. 35
20
. 23
. 20
. 30
. 162
.113
. 48
.10.1
.. 35
. 42
.110
. 38
.101
. 50
5.1
0
83
01
34
38
103
OT.
27
23
3.1
20
23
29
38
131 '
110
48
104
84
42
100
88
101
50
54
0
32
00
?3
37
103
10
28
V
w
,4
i
1T4
23
35
20
23
V
2
20
30
131
111
48
104 1
35
42 V.
109 2
By Steel
Bay Con
Beading
Hep Iron & Steel
Itoyal Dutch
Saxon Motors . .
St L & S F
Sinclair Oil
Seaboard Air
do pref . . .
South Pacific ...
Southern BR...
do pref
Studebaker
Stuti Motors . . .
Tenn Cop & Chm
Tex & Pac
Texas Co
Tobacco Prod . . .
do pref
Union Pacific
51
27
90
80
.... 00
.... 10
.... 10
.... 40
Line 11
.... 27
.... 04
27
. ... 67
.... 62
42
18
10
100
80
104
138
Low,
40
20
42
88
16
28
01
114
123
SO'i
67
20
97
87
07
0
11
29
31
33
i
61
22
131
82
30
22
118
100
101
84
0
27
28
0.1
82
39
08
09
142
51
27
88
88
0.1
16
10
39
11
27
04
27
80
81
42
17
16
188
75
104
NX
Clo. chur.
40
20
42 1
"8
15 1
28
01
Uft ,A
123
30 V.
07 '-H
20
100 4
37 ..
67
0
iiU ..
28'i
84 1
83 1
41
61
22 V4
131 1
S 1
31 1
22
118
101
101 2
84
0
27
52
28
65
33
89
95
09 2
142
51 ..
27 ..
89
89 ..
63
10
10
40
11
27
81 H
2711 Vt
60 M
52
42
n
i
17
10
189
10
104
1
3
Mi
38
101
60
84
0
33
Vt
90
33
V
37
103
United Clg Stores. 125 122
united l-rult 131
Un Ry Investment 8
U S C I P & F... 20
U S In Alcohol... 142
U S Bubber 02
U S Smelt & Ref. 01
U S Steel 124
do pref 117
Utah Copper ....104
Va Car Chem ... 39
Wabash 11
do pref B 23
West Maryland .. 19
Weatlnghouse Mfg 48
Wheel 4 L E .... 14
133 135
do pref
Wilson Co
Willys Overland
si
8.1
81
131
8
20
139
01
59
123
1
103
39
11
25
18
47
13
30
02
80
125
131
8
!0
1
Mi
142
01
61
123
117
104
39
11
23
18
48
14
30
02
V
1
2
11
Vl
M,
1
Ex dividend Standard Jlllllnr
do pref. 1W: KreM fl. It.. ''
Total miIm. 620,100
in, Mm annrrs jmIci
801.000 ahareai earn
Miinre-a.
30
1 Per cent!
no period taut week. 301, (
ilth
week.
361,600
INACTIVE NEW YORK STOCKS
Following are quotations for inactive New York stocks and In which there wr
no transactions today. The price given Is the last previous sale.
Adams Express ..115
M
II Wi ar specialists In
II Dividend Paying Oil Securities
II W solicit orders In the Independsnt Oils
II on partial payments or for cash.
WJHtLUH TAYLOR
Wfelnnt AftKJI SSA 1VM....
Walnnt 6817 Philadelphia.
:: ?H.
.. u
..11B
.. 00
.. oiw
..118
li
J'
CO.
Dldx.. is
y
DIRECTORY OF ACCOUNTANTS
Certlflod Pnblle Accountants
r.. j'.y.
ilt
i.wnBNCB b. nnowN co
1615 REAL. ESTATB TRIIHT nirri nlun
rNVESTlOATB AND ADJUST PARTNERSHIP
W CORPORATION AND DISPUTED ' ACCOUWtJ
UURNS BPFAKMAN
. TJIB BOURSE
Advance Uumely. 13
do pref 28
AJax Rubber .... 07
Alaska Juneau .. 4
Allls-Chalmers p( 85
do pref 100 '4
A II S P ctta.,102
do ctfs pret.... 101
do pref 115Vi
Am Car & Fy pt lilt
Am Cotton Oil... SHU
do pret 1)3
Am Express US
Am ice boo i"
Am Ice Sea pref
Am wan
do pref ....
Am Smelt pf ,
do pref A ..
do pref II . . .
Am Surar pref.
Am numatra pre, va
Am Tel 4 Cable.. 69
Am T A T 84 pref 02H
Am Tob Co pf n.108
Am Wool pf .... V7
Asso D O 1st pref 52
Atl OtWlll.. 82
Ilaldwln Io pref.lOOH
ti.,..(t rn mail
do pref , . .
Brooklyn R T
iirookiyn un uas.io.,
llrown Shoe 71
llut'.e Sup 86H
Cent Fdy Co 3411
do pref 62
Cent So Am Tel,115V4
Cent Leather cf..M2U
Chi Alton 10
do pref 2814
Col k So 1st pret 65
do 2d pref.,... 40
Comp Tab ...... 30
'Cluett-Peabodjr pf.110
Col South 2T
C U St P pret. 101114
Con Q E L P..113
:::iftj
do pret 112
Con Int Cal Mln. 17J4
Continental Ins.. Bli
Cltltl'tp,,, 70
Cuba Am Sugar.. 1H6
do tref 107
Cuba L'lne Bug pf V0
n l w r.....2io
D A II O pref.... jnli
DBS A A pref.. 0
Deero Co rref... 10O14
Denver A K O... 0
Denver A It O pf 10
Detroit Edison... 125
Eleo Stor Bat... SRU
den Clrar Stores. Sou
Oen Motors pf.. N7
Ooodrlch pret ...10414
Granby Mining; . . 80
do 1st pref. ...108
Hartman Corp... 02
Havana Elec ...101
Homestake Mln,.100T4
Int Agr 18
lnterb Con Cp pf MH
Int llarv Corp... 78V,
Int llarv nf N J. .110
. do pref 117H
Int Nickel pref... 10814
do pref sta.... 0814
Iowa Cent 4
Jewel Tea 40V4
. do pref int
K C South pref.. 68H
Keok A D M.... 4tf
Laclede Oas .... 00
Llg A M rts 114
Lee Rubber A T 2114
Ll A Myers Tob.226
Liggett A My pf 112
Loose W Bis Co.. 1AU
Long Isl ctfs pf d 40
Lorlllard P 208
I-orlllard r pf...lll
Markay 80
llackay Co pf.... 0414
Manhattan Elsv. .116
Hay Dept Stores. 55
May Dept fitr pf.105
Mex Tetrol prer. 03
Manhattan Beach 1
Manhattan Elev.,115
Mich Cent no
Minn A St L new 1514
Mori Is A Essex. Soli
do pref mi
Mo Pac e of d f p 0H4
M S P 8 St M...104H
Mont Power .... 88
Mont Power pf 110
Nat Acme 33
Nat Biscuit nn
Natl Cloak A Suit 73'
ai r.nam ft 3
Nat Lead
Nat RR Mex 2d pf
. w et nt i.. . . lin
N Y O A W.V. . 22
Y O A IV 2d pf B0V1
lrt
03
207
Sloss-Sheff pfd,
HO p nico s . . .
niann .Milling .. R!
Standard Jim pf. 5
Studebaker pf ' 04
Superior steel ... 4414
Texas rts ii,u
Third Ave ...'' i0a
Tidewater Oil ,..
Tol 8t r, West W7W
T St LA Wctfi 10
"0 ctfs wl!
N Y Dock
do pref ..
Norf A South
Norf A West
North Amer
110
... 40
... 2414
Pf. 81V4
... nn
Oho Fuel nMU
wuio un ria .... oa
Owens Bot 92
Pan-Am Pet pf., 90
do prior pf ct.. 63
Peo das AC ... 7414
Peoria A East... 8
Pere Marquette.. 10
Eh. Marq pr pf 4SV4
Phlla Co ao
Pitts Coal pf cifa 121
Pitts Stl pf, ,. vvv
tuiciisuver ....
Quicksilver pf..
Reading 1st pf . . 40
wy Bti Bpgs pf CS
Repub IAS pf.. 10.114
Ravage Arms ... 81
neurS'lloeDUCK ..107
IMH
7;i
!Up'f 0' ?v?.nSUC7ii'; $
J?n Cigar s'pf.'I.no
JO?,";0.0,'! Type. Km
a. ...r" "ooa 01
United Drug"
un 1 Br tnr -
Vn Pap Board".'. 2714
Un Rwy Invest pf 18
. o J5?"".... 18
it u ?.'.."? Im-. 1314
ii 8 BM pf. RO
Vs. Car Chem ii.Ui
Va Iron C A C. 71
Wabash ...... Hu
Wabash pf A ... 48l!
West Pap Rri ,4?
do pref ;; 47'
S.P"?. Motors ... 48
Wa Central .." tn
w K? 9? r.ref.,102
..... urtrinn
INDUSTRIALS
Bid
Air Reduction 08
American Stores 3.1
Aetna Explosives 0
American-British Mfg . . fl
American' Marconi 2
American' Writing Paper 8
Canadian Car Company.. 80
Can Car & Fdy pref ... 08
Charcoal Iron 8
Cramp 78
Curtlss Aeroplane 40
Caruon Tool 10
Carbon Steel 00
Emerson f Phonograph .. 0
Federal Dye 40
Ilendee Manufacturing.. 28
Kntliodlon Bronze pref .. I
Lake Torpedo Boat .... 0
Lehigh Coal Sale 75
Lima Locomotive 80
Maxim Munitions 1
Marlln Arms 121
New York Shipbuilding.. 42
North Amer Paper Pulp. 3
Otis Elevator 52
Peerless Motor 13
Poole Engine 7.1
Redden Truck 14
Scrlpps-Booth 7
S S Kresge w 1 0.1
Standard Motors 10
Steol Alloys 7
Submarine 20
St Joseph Lead ,...,... 20
Todd Shipbuilding 80
Trlanglo Film 1 "
United Profit Sharing. . .
U Steamship 4
United Motors 20
World's Film
Wright-Martin Air 9
Zinc Concent 2
Illlnoll 230
Ohio 385
Prairie Plpe 280
Stand Oil of California. .260
Stand Oil of New Jersey. 608
Stand OH of New York. 387
INDEPKNDE.VT OIL HI
Barnett Oil & Gas 1
Cosden & Co 10
Elk Basin , . . 11
Federal Oil 4
Inter Petrol 13
Houston Oil 10
Mcrrltt Oil 30
Midwest Ref 183
Met Petrol 1ft
Ohio Fuel ig
Oklahoma' Ref 10
Osage Hominy 0
"Ice Oil
Sapulpa Ref 10
Sequoyah 1
Sinclair S5
United West Oil ji
MIXIN'0 STOCKS
Alaska Standard 30
Atlanta D
Big Ledge JW
Blsbee Copper (a prosp)
Butte Copper & Zinc... 9
Butte New York 1
Cal & Jerome- 1
Con Arizona 2,
Emma Consolidated .... 1
First National 2
Goldfleld Morger 5
Goldfleld Consolidated .. 50
Goldfleld Florence 13
Goldfleld Kewanas 11
Green Monster i-f,
Hecla Mining of
Howe Sound 5
Jerome Veide ij
Jumbo Extension 20
Magnate Copper
McKlnley-Darragh 57
Magma Copper 47
Mother Lode S3
Mines Co of America ...1
Nevada Hills 20
Nlplssing s
Ohio Copper 1
Ray Hercules 3
San Toy is
Stewart 11.3
Tonopah Extension .... 2
United Verde 86
West End Con 12
White Oaks ,. 1
White Caps ;.... 1
Yerlngton 25
Yes. close
Asked (Sale)
08
07
6
7 Am Oas
160 Am Milling.. 9
100 Beth Stl B..11SH
B & 8 t c Pf ..
10 Bait & Ohio. 68 68
100 Erie 21 23
Gen Asph pf . .
18 1ns Co N A. 2.1 28
100 Key Tel Co. 11 11 W
20.1 Lk Sup Corp 16 16
40 Loh Nav ... 70 70
8Lch Valley.. 61 01
12.1 Mldvnlo .... 37 67
10 Nov Cons... 22 22
10 Ohio C Gas. 83 88
159Penna It R. 62 82
100 N YNH&H 80 30
40 Pn Salt Mfg 04 04
128 Phlla Elec. 20 28
1136 P It T tr Cfs 80 20
17 Phlla Tract. 17 77
1.10 Reading . . 00 80
890 Ton Belmont 4J 4?!,
100 Ton .Mining. 0 0
10 Union Tract 45 45
74 Un Gas Imp 78 78
4830 U S Steel... 124 123
80 Wnj-, Cramp. 82 82
High. Lew. Close.
108 108 103 ..
0 0 f vt
112 112
t81
STOCK MARKET IS BROADER HERE;
PRICE CHANGES ARE GENERALLY SMALlf
08
23
89
28 .
11
18
70
81
87
22
65
62
80 2
04
20
20 Y
77
80
4 A
8 ..
45 V
78
123 "
82
Y
Many Issues Which Have Been Absent From Tape Makef'
Their Appearance Liberty Bonds Active 1
j tt;l.ov. ft
CUJU AXIgUGJ.
UU iij iiumii. o n. "
tQuotatlon given H yesterday's close,
Total sales, 8.101 shares, compared w'tlj 27H
shares irslerdan thus far this week. 14.s
shnrest surae period last week 6303 shares.
BONDS
Low. Close.
Net
chge.
The stock market In this city took on new
life today. While the amount of busi
ness done In the Individual Issues was not
largo, the market was broader than It has
been In many weeks. Stocks which Have
been absent from the tape for some time
mado their appearance1. The broadening
tendency did not make Its appearance until
tho afternoon session. Prior to that time
trading lagged and was In nbout tho same
condition as yesterday.
There were no movements of Importance
as far as prices were concerned, these fol
lowing n very narrow course throughout
the full five-hour session. The fact that no
Individual stock developed any great
amount of activity Illustrated very plainly
that the public was not In tho market, nnd
such transactions as were put through were
almost wholly by the professional element,
making the market a distinctly traders
one. Taking it all In all tho market acted
ety tv ell.
United State Rteel n
wlllllIun w&g ,
only stock which showed any signs of r... 1
.. - .i n. - nvM ii
Bun.-, unu hi one time during the aft., it
It was off rnorS" than a point. Most onS II
trading was In this Issue, nnd the decMn . $1
tendency In It was brought about by S' tf
sure against the Issue In Wall street V Tl
Nothing was done In Philadelphia iwil
Transit trust certificates until well on i
the second hour when, the price was un 1
changed, Very little was done In th.m e
the remainder of the day, but th .,.
3ffl
remainder
moved up a fraction. In the bond ai.:,:!.
attention was attracted to Liberty bon,?. fl
which were tho most active and i. ,.,-. r
York Railways Company gross earning :
in July were 3,iS3, an Increase of iijm
whllo the net showed a gain of iiii
amounting to $41,081. For eight month,
the gross amounted to $689,321, a gain .
$63,892, and the net was $361,176, an
crcaso of $21,034. an ln"
1 .
00
100
02
00 ..
100
02 2
1
'
Illch.
I $3,100 Amer Gas &
Kl 61 . . 00
1000 City -4s 1947.100
6000 do S'ss '34 02
6000 Elec & Pcop
Tr 4s ... 75
1824,10 Lib Bonds
w 1.. 09 70-100 90 60-100 09 80-100
8000 Leh Vol cons
414s 2003. 03
0000 Leh Val Coal
6s 103
2000 Pcnna Co
temp ctfs
4 lis .... 92
3000 Peoples Pasi
t c Is ... 81
3500 Thlla Elec
1st 5s...l0l
1000 Stand Gas &
E 6s .... 09
76 75
03 03
103 103
02 02
81
100
09
81
100
99
Total sales. SI80.15O, mm mired with $29,100
.ifslcnlnji Hum far this week, IS2O0.85AI same
period List week, $32, COO.
Local Bid and Asked
Today
Bid Asked
0
262
010
1
American Stores art sny
llrlll J 0 20 I'i'j
Buff A Susa t c 57 r,H
lu urcf so 62
Baldnln (Is'i (lit
Electric Htorass no on
Ueneral Asphalt 10 20
do pref 60 HI
Kejatone Telephone.... US 12
do t o U5 117
Lake Sup Corp ,. lull 1
I.ehlBh Navigation 7H1, 7a.
Ix.hlgh alley 61 lll'j
Pcnnavlvnnln .T.'S, 5.'S
Phlla Electric ash 211
Phlla Company 35 87
do 5 per cent pref. . . HJ 85
do 0 per cent pref... 3S14 30
Phlla Rap Tran t c... 'M 30
Readlmc Ml1, I'll
Tonopah Belmont 4' 4j
Tonopah Mining 114 o't
Union Trattlon 4114 45'4
United Oaa Impvt 7S 7t
United States Steel. .. .123'. 123'4
York Railway 13 14
do pref 37 38
Wm Cramp & Sons.... 80 H1T4
YeMerday
Bid Asked
:m
20
50
ni
nil J,
in
no
11"4
113.
10'i
7.1
t
(MS
2stf
HO
32
31
30
!
4T4
'II
4.1W
78'4
124S
13
37
82
30'4
it's
58
52
till
Oil
20
Hi
12
(17
)0i
ill',
01 s
52s
ill
US
85
311
304
1)1'!.
5
;
40
7Si
1244
14
38
b2'.i
IRREGULARITY RULES
TRADING IN CORN
Demand From Distillers Is
Small, Contrary to Expectations
. s
CHICAGO, Aug. 21.
Considerable Irregularity was ahown In
tho corn market today. Early strength, due
to the general covering of shorts, was fol
lowed by lower prices as the advance re
corded In the session brought but larger
offerings.
Contrary to expectations there was little
apparent demand from distillers, and n dis
patch from Peoria stated that the distilling
demand there was very poor.
The available supsly of corn In the United
States for the week Increased 357,000
bushels to 3.215,000 bushels. At the end
nnm wna ..tnuriv. December closing at
$1.08i(ffl.08Bs after making advance to
$1.09 and a low of $1.0751. The high
for May was $1.08H nnd the low $1.08.
The final prlco waB $1,07.
Oats covered about the same course as
corn, profit-taking by shorts causing early
advances on which fresh offerings wore
encountered, but the market showed a steady
tone throughout. There was some operators
who expressed the opinion that the market
would have worked higher but for tho
fact that realizing sales were In evidence,
brought about by the brilliant outlook for
the crop. ,
September closed H higher at B2&. The
high was 53 V4 and the low 62. December
ended lower at 53. after" ranging from
54 to 52 i. Way was about lower nt
the closo nt57 to 57. The high was
5811 nnd the low 56?i. '
Tho sample mnrkft, was considerably
stronger than that for futfnes.
As usual there was little Interest lb tho
market for wheat futures. September nt I
ino opening was -c mgner ui i.vi. .vcv
to $2,10, and closed nt that figure bid.
Financial Briefs
l
J
a
A special meeting of the board' of im
agers of the New York Coffee and C?:
Exchange has been called for this afteri?.
at 3:16 o'clock. It Is believed that T.
report of the committee just returned fro
a conference at Washington with Food i
mlnlstrator Hoover will be presented ..'
this meeting. presented t
The New York Stock Exchange I,..' i
stricken from list Chass Knti ". "M
New York, capital Btock. ' cr J
The New York Subtreasurv irnln. ... A
000 from the banks yesterday, reduclns- tk'I fa
cash net loss since Friday to $5,798,000. ffl
!
CHICAGO BUTTER AND EGGS
CHICAGO, Aur". 21 BUTTnn ,...,-.
unds. Kxtras, 404 uc. .....'
nrsta, 3889V4c: e?nnrf.c,.',V3
1,001,000 pounds. Kxtras,
paCKinff STOCK, 33gl3.'t4C.
firsts.
illftC
40c:
extras to srocers1
IIGOH-
prints. 44c, tib,"7,?.
ItPCPinisl IN IINN rsaa.
30c: ordinary firsts. .lOJeasV, 'i- '.,'"" "0
10
0
nONDS
Bethlehem 5s ! 98;
Cosden Oil 6s 07
Cosden & Co 6s 94
Cudahy 6s 8.1&
Erie 5b 08t
New York Cities 4V4s ..101?
Russian Got 514.B 71
Russian Govt 6V4s si
Southern Railway 6s ... 97
Sinclair Oil 6b .'.. 00
Todd Shipbuilding 6a ...100
2
73
08
V
83
INACTIVE PHILA. STOCKS
Following are quotations for inactive
stocks listed on the Philadelphia Stock Ex
change nnd In which there were no trans
actions today. The price given is the last
previous close.
Alliance ins .... 20
Amer Stores 87'i
, do pref pn
Am (las war.... 114
Am ItwjH pref.. 00
Brill J 0 '.,.;; i(,v4
Bun & Susq tt 07
'am Iron 45
Cam Hteel 153
fatawlsaa 1st pf 52
on Trao N J.. 71
I.leo Storage Mili
(Jen Asphalt .... 20
Key Tel pf .... fl.llj
Leh Val Tr 274
do pret 40
Mlnehlll
-N'o Central,...
X Penna
Phlla Co
do pref
do cum pref.
Tenn Traffic.
1 It T
Cn Cos of N J
Warwick I & S.
vt jer ft seashore 40
W N Y t P 21
York Rwys 14
do pref 37'4
West Coal 75
554
S3
IIO'l
34
8.1
3SJ4
21?
10
11
Leading futures ranged as follows:
Wheat , Yes'day's
Open High Low Close, close
Rept . 2.07 2.10
Corn (new delivery)
Dec... l.OOli 1.09
JIay. 1,07' l.US
r
52
54'i
57U
New York Bond Sales
High.
. 75
. 0
. 04
. 054
. 914
...SO
"7
. S0J4
. HI'S
. 87
. 09
. tl54
. 854
. 81
. 8.1
86
COTTON ENDS HIGHER
ON EXPORT DEMAND
Clearances the Largest in Many
Weeks Advance Follows
Big Drop
it
; sBar Silver Continues (o Advance
X Br silver continues Us advance and to
r reached new high ground for the last
swty years, botn in Now York and Lon-
Th price. In New York was g$
," train of tent, while in London
. tttturn of Danca was rrnrd1 ...
JCU. quotation there to U pence.
CWIWrissHMI toiioTfr-"J1
I.sst
:M!iM't
1MT
RAILROAD EARNINGS
BOUTHEnN RAILWAY BYBTBM
Southsrn Railway (Llnss East and West)
, . . 1817 Incresss
Rscond week Aurust 12.in8.K47 ti9' tia
From July l,,,r 18,690,032 2,734,'B25
MOBILE AND OHIO
Second week August... 1275,352 145,890
From July 1 1,059,307 284is20
OEOItOIA SOUTHERN AND FLOHIDA
Second week Aurust tiN nfll in.
.iT...f.: x.-xj: f".v
ivia uijr i...... .... aut.aov X4.
04.88V
COLOItATJO AKn RDllTIIRnM
Second week August... 1355,737
From January 1 10.080,002 1.
GRAND TRUNK SYSTEM
780
137,184
178,820
Orand Trunk Hallway of Canada
ai.uza.uou
June cross
Net 288,800
. t Orand Trunk Western
June (tou Iiss.sio
Net . 80.400
Detroit O. H. and Milwaukee
June (toss , 183,030
........... 1,200
1216.400
S.M0
110,180
24.800
, fVlSl;
,;.
?:$(
KW
ft J. WeetVi
Te.., ..,
''-. J-TT... ,
fji.-.r.'yfv.
.
&.V;Ar
"
"a- v
.tV.-.-'1.,
10,
-,
Ay
(4,180
lO.tOO
nr w(j. ""'.w
e8F...... it wXoiwoih ;::
si v.'r";w'!, "i vvorth Pmp & w iu
l.i'Sik Arls .. 24i Wth Pp Of SfA 04
Bloss Sh.ff B4H "Worth Pump B S014
JSJK
im
, NEW YORK COFFEE MARKET
NEW YORKj Aug. 21. The market for
coffee futures opened unchanged' to p. de
cline of points today. Trading on thV
.. ..m-n utvu.isiQijr HCtlVO,
o.ou nags.
Septembsr
December
March . . .
July
.......
.......
.......
.......
.......
Open
7.45
7.75
8.00
8.10
8.26
High
7.48
7.80
8.05
8.14
8.80
' with sates of
Test
X.ow Close close
7,45 7.65 7.47
7.75 7.80 7 78
5?S f'?S 800
8-18 8.18 8.1s
8.28 8.80 8.27
'!,
h&
Granulated Sugar Reduced
NEW YORK. Aug. 21, ArbuckU Broth
r have reduced their prices for hart
-ur. minii 10 c oaiis nn franulated.
Other refiners' nimi.i'nn. ... ....1 .
as follows: American Sugar
pny, f.iuo; 8. H. Howsll,
'i .. fcM.. n,i -.
..v , - . ' " , s
,..,-,. T , ,
NEW YORK, Aug. 21.
An entire reversal of front was displayed
on the Cotton Exchange today, and for the
greater part of the session there was a. good
tone. At the end prices were TO to 16
points net higher. What was perhaps tho
most Important Influence was the clearance
of more than 68,000 bales for export, the
largest total In many weeks.
Around the rlnr it appeared that the
sentiment was still quite bearish on the
average, but the market was helped, to a
large extent, by unfavorable croD advices
which drifted In from the eastern belt.
More attention was paid to weather' con
ditions this morning than to bullish foreign
political nevs which accounted for an
opening drop from 12 to 17 points With
the exception of Southern Texas, which is
still dry, the weather outlook was regarded
favorably. While the map showed no
further rains in Texas, private advices
noted scattering .rains, Including a shower
4.Th.e.2?enlng decllne carried the market
about 265 to 280 points under the best Drle.s
touched since the publication of the Aurust
bureau report and 170 points under the hlg h
lwl ot last week In the cast of October
contracTs. ""
1 J' wn? ?,cl,1 by covering and the mar
ket rail ed some 20 to 26 points from th.
lowest later tn'the mornine.
5000 Adams Express 4s,.
2000 Amer Agr deb 6s..
I1700O Anglo-French 6s...
17000 Am Foreign Sec 5s.
IK000 Am Hmelt & Ref Cs
bono Am Tel clt 4s...
. MMO Amer Tel 5
00U do cvt 414 s... .
000 Amer Writ Pap 5s.
I'OOO Armour Co 414s...
2000 Atchison sen 4s...
7000 do cv 4s
looou Bait a Ohio 5
1)000 do 4s
3000 do cv 4Hs
4000 do Hwn 814 s
1000 P.alt & Pitta S4s..
r.000 Urook Rap Tr 6s 1018. USft
3000 Hordo 0s 114
3O00O Can Govt 6s 1031 ... 05
flnoii Cent Leather 1st (is. nn
mmo Cent It It N' J Cs. ..loo
noon do rea- 6s iosi4
t,,iMj i-itiu tuyptr IB......11H
miiti 1 nes k unio cv ini
6000 Chi Un Sta 414s...
27000 Chi 11 A Q Joint 4s.
looo Corn Prod 6s '84..
5000 Chi Ind A West 4s..
7000 C M St P gen 4s !
lOOil do rfd 414 s
ooo do conv 8s
11O0O do cv 4Vi s
10011 Chi n I A 1 rfd in. -
4000 dn 4l 81
1000 CI Cln I, Bl L ( 4s. 07
3000 Col Industrial 5 701;
1000 Col & South Is 4 78
1000 Clty.pf Paris 0s n4
2000 Con (las conv On ino
. 1 in jiauwy OS.,...
1000 Hen & Rio Or 5s...
83000 Ills See Corp 5s...
10000 Du ft I Range Rs...
mini j'.ne ronv is Her Ii
78'4
02 Ii
0.1 'I
08
704
87
SI"!
(I (III
RB'J
nns4
no
. 78
. 76
.100
. 51
. 07'i
.100
. 58
. 40
40H
300000 French Hen 514 s
mmu uen I'Jiec dep 5s...
2?!!! !lud s'" rfd 5s.
2000 Iowa Central ,4s .
1000 III Cent 4
0000 do CStL&Np i td 6s 11.1
1000 Intern Met 414 s .. Ml.
l'JJOO Inter Jler War 0a..
S000 Japanese 414 s . ..
5000 do new 414a ....
1000 Lacka Pteel 5s 1023
2S1S UK Hn ",!,) IMH-
25S5 ..fln "i" " i3i ...
8000 I.lg ft M T 6s . .
1000 Lona- Island 5s 37s.
2000 Lorlllard 6s ...".
712000 Liberty llond w Tst
00 00-100
"" i.vons os 04
lono Marseille, fl.' ' .. Xj
J-- 1: w n Ai
1U.0
0 03
1
04
08U
llOU
on '4
801,
87T4
Low,
75
Oil '4
031-,
115
11
80
0714
loot
88
no
87
onu
o.nl
85
R5U
85
80
034
111!
no
110
10814
11H
78H
n2i
n3I
OK
70S
87
81'.
no
804
t.n
81
07
7n'i
78
04
inn
no
78
74
100
51
07'4
100
58
40
J?
31i
no
o.l'i
87H
88
081;
ni
111114
80
nn
87".
Close.
75
n'4
0314
0.114
OHi
80
II7'4
looj.
8S1
no
87
9014
05
85
81U
85
80
84
.04
05
no
11(1
10814
78H
n2
II5S
ns
7nH
ai.
PiUl
81
7
70'i
78
94
ion
no
78
75
100
51
07!4
100
68
40
4014
05
03 '1
V014
3'4
87i
88
11814
01
oo'4
I'd'.
804
nH
87
Oats
Sept..
Dec. . .
May .
l.ard
Sept.. 23 05
Oct... 23.20
Jan... 21.03
Ribs
Sept.. 23.75
Oct... 23.70
Pork '
Sept.. MS.RO
On!... 43.40
Mild. tAsked.
53 '4
64 J?
58'.;
28.12
23 25
22.0a
23.80
23.77
Low
2.07
1.07J4
B2'4
534
r.oii
53.10
23.15
21.87
23.72
23.67
(elpts,
neous
illrtlfs,
grocers'
cases returned. 9ku inis it " "CVU1 .r-
""'P's. eaes. Included. aaUraVifi'V.
.'I'Ui'Uc: checks. iro-o -.--"'"
niters. 87c: cartons, 38c. "lr"
to
43.40 43.15
2.10
1.08?i
tl.07
. Wi
' tr.sji
57H
23.10
23.22
21.03
23.72
23.70
48.45
43.15
2.05
1.0874
1.07',4
t52J4
54Ji
67 li
128.00
123.12
21.95
23.70
23.70
43.40
43.00
LOCAL MINING STOCKS
TONOPAH STOCKS
( Bid
MacXamara 15
Midway 13
Mlzpah Extension 14
Montana 20
Northern Star 12
Rescue Kula 22
OOLDFIELD STOCKS
Blue Bull , 02
Booth 00
Combination Fraction 04
Dlatnondneld U II 02
Daisy 02
Oro 01
Sandstorm Kendall ... 1 02
Silver Pick 10
Asked
.17
.15
.15
.25
.14
.24
.03
.07
.00
.04
.04
.02
.04
.11
FOR SALE
AMERICAN STEEL STEAM Ell
"NOTITHLAND." Gross Tons, 697.
One Deck and Shelter Deck. Fitted'
for Oil Fuel. To 'be sold as she now
lies In Seattle, nnd delivery, taken there
In unrepaired condition nfter being
submerged ln Alaskan waters. Vessel can
be made ready to proceed to another
port for repairs at sftull cost. TERMS
OF SALE: Bids to be 'accompanied by
certified check for 10 of the bid, bal
ance to be paid ln cash within ten days,
or on delivery of vessel If- delivered
before that time. Scaled bids marked
"NORTHLAND" will be received at the
office of Messrs. Dodwell & Co., 160 Cali
fornia Street, San Francisco, up to, 10
A. M September 5, 1917, at which time
the hlds will be opened ln tho presence of
the bidders. The right Is reserved no
ICjrVb CtllJT Ul till U1UB.
For further Information
undersigned.
iPPiy to the
Dodwell & Co., Ltd., Agenti
Borderline Transportation Co,
SEATTLE or SAV FRANCISCO
V
ffl
I
Arizona TTnlted
Nevada Wonder
Tecopa Mining .
MISCELLANEOUS
.28
2.15
.27
.32
2.25
.30
nM
. 118
. 02
6s:
. 0414
.1021?
. OH?
101 '4
. 04S
. 04'i
07'4
!!"
11100 m w M. m 1. j.
17;S22 J!" p0 sn 4
8o 'cViroY Ci
15000 do 4V4s ..;"'"
n N City 4s,i9B7 '
4000 do 4s 1038 ......
ioon do 4s losa :: ;
?SD2 Aa H moo "!
4noo a 4t. mno .
"""" . dn 4U, Msv 1957..102
.'""I IM X N If ft IF fl Oft
2000 Norf A W?st 4s ' " ' S?ii
" Nor Pan gen 8s ..'.': fljlt
oonSS",eS5' ...:::::: ??w
8000 p mo ai !! 222 2J ' H
80000 Penna gin ctiUi"" nS? S27 ""H
innnpub;S;jvV?';;-402v4 021, n22
rtMIIII HMdina- Fs.n A- '' .... "I
4000 An a.. ' ??.. 52
80.100 00 88-100
"1
04
110
us
92
B8U
t'lU
100H
U.1H
10P4
94'S
94'J
07U
in?'4'!
8?i4
x 2U'
V VH
04
94
110
47
SJK
08
n2
681(
.04 U,
100 54
n24
101 14
Vii
04
07
07
102
no
SB
II H
HO
80
02
87
nns
nixi
More Gold for Japan and Spain
NEW YORK, Aug. 21. There was with
drawn today $410,000 In gold coin from the
Subtreasury for shipment to Spain. Tele
graphlo transfer of $596,000 was made from
tho Subtreasury to San Francisco, repre
senting an equal amount of gold to be
shipped to Japan.
NEW YORK BUTTER AND EGGS
NEW YORK, Aug. 21. I1UTTER Rer.ini.
9707 tubs- Market Hrmer. Extra firsts, 424P80'
firsts, 3941c: seconds, 0588e. "w"0'
BOOS Receipts. 20,647 cases. Market Arm
tlornrun3c9h?n4ge0i.BeCOnd S3W37o! &"&&
Tax Exempt-In .Penna.
Free of Normal Federal Income T
WestPennPower.
First Mortgage 5s
Earnings and Expenses
12 Months ended June 30, 1017
Gross Earnings $3,542,606
Operating Expenses 2,129,863
Net Earnings $1,'412,742
Annual interest on Bonds 425,000
Balance ...... .$987,742
Particulars on Application
A. B. Leach & Co.
Incorporated
Investment Securities
IIS South Fourth Street
New York Chicago Buffalo
Boston London, Eng. Baltimore
10000
40no an R. a
.1292 Soutb nll as!. ?.'.'.'.'
5000 do rfd 4" :::
8Rffi Sod'oVr ren u:
80000 Texas Co hi'.'.'. '
8000 Utlea Oss Oi 67a
Bi888 "d"."' ":
12000 union Pin ,' J!'.::: '
6000 do CT 4s
8000 flj ,H V. '
.""''ii u IV. 01
442000 do 5
45000 do 6'
188000 do 61
24000 ds 81
81U
81T4
984
8.14
no
97
10214
98
s.iTi
102
io2
104
90
S8V
84V
871
03
0114
9.114
8l
no '
SI"
on
.A'
10214
mi"
102
104
90
88U
44
I
99'
95'
991
87
nn4
99U
07 W
0.114
52
00
4)7
1021J
PS
88 H
102
102
104
90
88
84
97
99
4
1: ! son Uc Us
iecioae. Onan. Jllh t . .... lsxnnn h. .if : A'.V' ...... ,t onst n,i7
Ootobsr 38.88 ls.80 aiiis .SA i.-i"i 24nnn SX il WA new.,. 99U Ma xij
iitoww ... Mti ? r,:-A i:-"ir rf.iu ,.in,-.T ' ntt oi.' J.'.zf
..v uiiiuiKnvaa I .-".. "jit-" rrir i."? fi-. as.Da 5 no iiw. nrii kis.vi. it- .A'- -".'. hsi
lUflnlnr CoV- KK?.'.'." V H.l si:?, li'fl IMrSH . .'. -'V4"" xo fifct . l... . . '
p..moc. sm...... u-ii .m :m sr.;s s4i'ir.aKi'..rtwtikt..f- """WW itrMt
a4mv- ,"VJ.";ix t- fAs .rv- .f.... umimwvurzjpxLi&jimam Mf.-i -...!., .
vr- : jrtv: ' T-?jf.. j" t.--7. '-v rrr--v '7 i t "'- r 1 - """
mmMm'jiim&kk' '" Y ,mjK &&k$i 'vitem -ti
Report for period ending June 30, 1917, net earnings, $1,409,090.
Dividends paid, $504,898; Surplus, $904 192
WRITE FOR OUR FREE SPECIAL REPORT JUST OFF THE
PRESS ON
United States Steamship Company
At the rjresent tim a...i ... )F . . W .
busies anoplanniniTo hCtlng. arVery profitable generalsteamship
the5outPut of wWchg axed ?o present infJ? the hlPbuUding induitfK
loss of bottoms durlnVth! ..p!f"n. "citations as a result of the great
is during the nast two ,,
nZJrtafy PF'm hande dividends.
Active market for shares around $4.25.
Can be carried on our marginal plan.
FOX & COMPANY
' . w. STOCK BROKERS '
Real Estate Tnut BIdK., Phila. .' 30 Bro.a Sr,f N Vrk
BeT.Urpbh?neUnut 2513 DeUVer,e'
Private Wires
. -I
rr.orr.r in untold balanc of
U00 SHARES
GEORGIA RAILWAY & POWER COMPANY
, , FIMT PREFERRED CUMULATIVE ITOOK
Par $100. Dividends payable October 20th and quarterly
PRICE 97 flat
Dividends are now being
r.1f regular and "
been paid loff ' ainon"ng to $19 per share have
Full particulars on rami...
CMS. C. HARRISON, ,IR., t CO.
ANKERS
, PhllaMi
I PMladtlfhle Mtoek BxcKohbm. to .'
t- ..--,.' '" "l-
are now being paid quarterly at the
! ' 70 in reduction of back
the back divfrlirr'T .r ver per annum until
!;