girnitjnu: .1
BBBMTOr.V -f feftw THUBSDAY, flPtHJBfr -30,- 1917
i -. ' "f. J "7w Iwj P" ' "3 !- -v A -- - 11 ' ' ' ' . -. - sr
'Ki
IS" .J
t " -
r
M.
CM1
cs
! A tHENANOO
RAILWAY LIOHT
1 S .. .
COMPANY
:riR$T ACONCOL. 5s
.; 1
MQVEMIER I, 1920
r .
i. MEe FRONTCTATE TAX II
I ' PENNSYkVAINIA
EARNINGS OFFICIALLY
REPORTED Vt, TIME3
INTEREST CHAROE3
S7 AND INTEREST
NETTING OVER 6
.
'.
B
wr
I-V
REILLY, BROCK & CO.
BANKERS
1C6 CHESTNUT ST.
miLADianiiA
MMtott' HBrt-MW YORK AND PHILADELPHJAjT&cmjUOTATION
FEW TRADERS PRESENT IN WALL ST.;
MARKET IN HANDS OF BEAR CLIQUES
Prices Decline All Along Line Crucible Steel Yields More
Than 2 Points Delaware and Hudson Falls
Below Par
5SK
ttjo
li. 1
!".1fM
,' ?n
'??'
.l
.o
;ftk ur .
pSWTSr
s Ll w
fcVAl&MIl
x
i
fc
A Remunerative
Use of Money
War conditions have caused
many of the strongest cor
porations to place on the
market short-time bonds and
notes. Many of these se
curities are sclltnp; to yield
from 0 to 7. Thcy are con
sidered sound, have goody
markets and present unusuar
opportunities for a conser
vative and remunerative use
of money.
We will, on request, be plntl
to make specific stiRpostions.
Bonbright & Company
MORRIS WISTAIl STltOUD. Jr.
437 Chestnut's" Philadelphia
Hew York lioston Chicago
London Turin Detroit
1 &
., at..
em.Clarkeo.
BANKERS
321 Chestnut Street
Philadelphia
!
. ay
I
Mrl
3V
m.
ntf
.:(
"3
'SMI
S' . .
. .llfoi
f-anw
w.
RftSSffii,
SY'
a
"
Tax Exempt in Penna.
Fr of Normal Federal Incamo Tax
WestPenn Power
First Mortgage 5s
Earning and Expense!
XI Sfonllis ended Juno 30, ISM
Grow Earnings $3,542,605
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
115 South Fourth Street
KtwTork cnicuu Uurfa'.s
Beetoo London. Eng. Baltimore
Missouri Pacific
taw
-vat
'is ,Jtk
Jfi; ihat, All bona nnu riock nowers in tins com
P&Wi'any will be Interested In a new mid com-
..;.'L,.pUte analysis of the reorganized property,
grftiwhlch we have Just prepared for our clients.
(SXS'-A. few extra conies are available.
Ask for Circular Xo, !03.
MOODY'S INVESTORS SERVICE
7-r
j!
r.
$3
,J-.Si
)'!
Mali Points in Today's Financial News
Wall street 'closed at noon because of parade of men drawn for tic
iWfif Army, licara depressed stocks m wonitnff.' 'i trading
ciy
ou
tirtilinas in foreign
exchange moderate. Another new high mark for bar silver. More goia
exnorts. Itulina rate fdr call moncn in Wall street S'A per cent. Price of
lead reduced yi cent.
lyinttanni A rum. nrnr nenrcssea
Broad Street Curb. Grain higher. Cotton irregular,
NEW YOllK, Aug. 30.
Tlioro is always one clement to be found on all occasions that is willing to
attempt to niiikc prollt out nf the distress or imperative necessities of the world,
and that clement represents the professional traders in Iho Wall street district,
Including the speculative memhers on the Moor and the bear plungers.
Virtually every one else stopped business this morning and recognized the
fact that when the Stock Kxchangn voted to close at noon It was Intended as a
partial sacrifice of business interests, which Is only a slight burden for them to
assume with war conditions prevailing.
Jluny of" the active Interests In Wall street are nlicady represented In the
service, with tho leading banking houses of the country represented by six sons
of partners In the army and navy. Members ol the Kxchango and large and
small operators, who had enough devotion for the Interests of tho nation to Join
in the demonstration on the furewell to the troops, were away from tho Street
tho entire day nnd their absence left tho market In the hands of the bear cliques
and traders.
Naturally, with these conditions prevailing, prices declined. United States
Steel common, after sellng at 110?i, fell to below 119. Minor steel industrials
were offered down, with Crucible Steel yielding more than two points, nnd then
hear efforts were diverted to the railway Issues, with Delaware and Hudson
hammered down to below par for the first tlmo since it has been established on
the list on a paying basis.
Specialties nnd coppers were attacked In turn, nnd at the close nearly every
thing ranged materially below yesterday's final prices.
NEW YORK STOCK SALES
(Market closed at noon because of military demonstration and parade of
men drawn tor service in new national army.;
Nrt
ihRp.
'.
MUh.
Advance Iluinely. . 12 li
AJax Itubbcr ....
Alaska Clold'M...
Allls-Chalmers Co 33V4
do pref US
Am Ucct Sugar... sli
Am Can MVi
Am Cnr & Kdy Co 70
Am lilt Corp 5014
Am Hide & l.eatlt 13
do pref flHi
Am Unseed 551i
do pref nntfc
Am Locomotive... A3
do pref 103'
Am Malt pref nsln
Am Smelting ""li
do pref HI
do pref A 08
Am S'um Toll 1.1
Am Steel Fry . . . l
Am Sugar 114
Am Tel & Tel 1IH14
Am Tobacco tn
do pref new . . .10014
Am Wool 4Bi)'t
Am Writ Pap pref .35
Am Zinc & Lead
do prof
Anaconda
Atchison
do pref
Atl Gulf & W I.
Ballwln Loco Co
do pref
Halt & Ohio. ...
Batopllas Mining.
li
".l2
00
'.in
1H4
00
i
llcth Steel 11014
do D 10KV4
Ilulte & Supr Cpr. 27
Cal Petroleum
do pref
Canadian Pac . . .
Cal Packing Co . . .
Central Leather. ..
Cerro de 1'aFco. . .
Chandler Motors.
Cltcsa & Ohio
Chi Great West...
do pref
Chi M & St. 1'....
Chi It I & l'ae t c.
do C pc pr t c. .
do 7 pc .pr t o. .
Chill Copper
Chlno Con Cpr. . .
Col Kucl & Iron. .
Col Oas & HIcc. ..
Col & South
Corn Products . . .
Crucible Steel . . .
do pref
Cuba Cano Sugar,
Del & Hudson
18
47
1111
40V4
83
3314
80
58
10
3014
fi0'l
28
83Tt
03 V,
17
32 Td
4 114
40
2 Hi
30"i
71
3 1 i
10214
13V4
a. j-it 'H
& .'JL"
John Mood, I'ren.
Nassau St. Tel. 3173-4 Cort.
New Tork
Den & It (1 pref. .
Distill Secur .... 2514
Krlo 23
do 1st pref .... 33
do 2d pref 23
Elk Horn Kuel. .. 2314
Oastoii-Wllllams. . 38V4
(Jen Klec Co .... 150
General Motors ..108
do pref 83K,
Goodrich U !' ... 45
do pref 102
Granliy Mining . . so
Grt North pref. .. .10414
Gt Xor Ore subs.. 3114
Gulf State Steel.. 10014 08
111 Central loo 10014
Int Agrlcul mifc 10",4
do pref 51 51
Inspiration Cpr .. 5214 sou
lntcrbgh-Cons Cpr 8Ti V
Low.
12
(II
5
25
83
85
1014
n
55
13
fiOTi,
2 14
noif,
(12
10314
fl5'..
114
11014
08
44
0314
112
117
108
10014
18
35
18
no
70K,
0814
on
101 14
50 14
00
(18
Hd
109
10514
2(1
17 V,
4(1
1(11
4014
82
3314
7014
MVt
10
3014
03
2714
33
0314
10
51
4314
30
31
20
(18
00
3014
!!
1514
2114
21
3214
21
2314
37
140
10(114
83
4514
103
70
10114
.1.1 Vi
Clnff.
1214
fit
5
23
83
83
4014
no
55
13
(1114
2514
00
0314 14
103y4 114
3
-1 14
-
114
01
111
08
4li
(12 14
112
11814
108
10014
48
33
18
5(1
1
214
14
114
1
I
1
'.(,
7014 1
0814
on
10114
0014
09
08
1
110
ion
1814
47
int
4015
214
4-3V4
1
2
1
Int Mcr Marine. ..
do pref
Inter Paper
do pref sta
Inter Nickel
Kansas City So..
do pref
Kcnnecott Cop . .
Lack Steel
Lehigh Valley ...
Llg & M T Co pf.
do rights
Louis & Nash . . .
Mux Motors
do 1st pref
do 2d pref . . . .
May Dept Stores.
Mex Petrol
Miami Con Cop. . .
Mldvalo
Missouri I'ac
do ctfs
Mont Power
Nat Con Cable . .
HlKh.
33
89
2014
no
in
1014
52
. II
8214
m
111
1
122
33
no
2014
5114
03
31
3314
20 14
52
85
"3 1 14
83 1
3314
70
87
10
3014
014
28
33
03V,
17
52
43
30
21
30
00
00
29
10114
13
33
32
21
2314
37
110
107
83
45
102
70
101
33
08
lUO'j
i
14
1
14
4- 14
1
5
114
1
1
14
1
1
1
14
14
!
Vi
Nat Knaml & Stpd 30
Nevada Con Cup. 21
New O Tex & Mex 30
New York Cent.. 83
N V N II & II.... 31
N V O & West... 20
Norf & West 117
Nova Scotia Steel. 100
Ohio Gas 49i4
Pac Mall 27
I'enn It It 52
I'co Gas & C 72
I'hlla Co
Pitts West
do pref
Pitts Coal pr ctfs.
Pressed Steel Car.
Hy Steel Spring. .
Kay Con Cpr
Heading .. . .
do 2d pref
Hep Iron & Steel.
Hoyal Dutch ....
St L S V
ht L & Slhwest...
Sears ltocbuck
Shattuck Ariz
Sloss-Sheff S &
Southern Pac .
Southern It It....
do prof
Sinclair Oil
Studebakef
Tenn Cop & Chem
34
211
n.i
47
03Vi
48
20
87
10
83
00
.. 13
. . 30
..102
23
18
01
2(1
33
38
to
10
I.
1
0
Vm.
i rli
81 3
51 t
8 ..
Texas Co 170
Tobacco Prod . . . 75
do pref 103
Transue-WIII 40
Cnlon Pacific ....13314
do pref 80
I'nltcd Alloy Stl.. 43
I'nlted Clg Sirs... 13 114
t'nlted Krult 139
U S C I I & T... 18
1. S Ind Alcohol.. 131
U S Hubber 00
U S3 Steel 110
do pref 117
t'tah Copper .... 97
Utah Sec Corp ... 10
Wabash pref A. . . 18
do pref 13 25
West Maryland .. 18
West Union Tel .. 92
WcstlnghouBO Mfg 45
Wheel & L K.... 13
Wilson Co no
White Motors ... 45
Willys-Overland.. 30
I. OH
33
88
28
n.-.'i
.m
19
53
40
79
0
111
1
133
33
09
20
31
91
34
83
28
53
85
31
39
29
81
30
30
11(1
100
4(1
27
51
73
34
20
03
43
ni
48
25
85
40
80
on
15
30
100
23
48
93
30
35
30
44
10
137
71
10314
10
134
80
12
110
129
18
125
00
lin
117
94
in
48
23
17
02
45
13
39
44
20
1
(.'In--.
33
88
28
(15 V4
30
19
32
40
81
(10
111
1 ..
132 &..
32
C9
20 ..
51
91
31
83
29
52
85
.1114
38
21
29
81
30
20
117
100
47
37
51
72
31
2(1
n3
4(1
01
48
Net
I'hc''.
1
1
114
I'M
Vi
1
V
1
.1
1
1
Vi
PRICE CHANGES
SMALL ON CURB
Oils Irregular Motors Narrow
nnd Minings Show
Strength
NKW YOlU-r. Aug. 30.
. Thero wns quiet trading during the two
iiours allotted for business on tho Ilroad
Street Curb and prlco changes, even In the
Issues In which thero Is still actlvo specu.
latlve Interest, were small and without Im
portance. Independent oil Blocks were Irregular,
showing n better tono than In the last few'
days. Midwest Refining moving' up to 170,
compared with Its low of 160 yesterday,
nnd recoveries wero noted In a number of
other Issues, with Crosby Petroleum, which
has become prominent, selling nt 60 and 62
cents.
The motor stocks fluctuated within nar
row limits, those Issues generally having
now become established on what some of
tho leading holders think Is n reasonable
level. Curtlss Aeroplane ranged from 41i
to 42'i. Uothlohem Steel rights sold at 3
to 2 ft. Aetna Explosives sold at 6 ',4 and
6 nnd Maxim Munitions Bold nt l',i to the
low record of 1,
Mining stocks were strong, with Acme
Copper attracting most attention, selling at
2, and llutte Copper and Zinc at 9 '4 and
!)4. Calumet nnd Jerome sold nt 2
and 2.
Late In the sehslon this condition of
(pilet trading abruptly ended. Chevrolet
dropped from 80 to 70 : Curtlss Aeroplane
sold down to 40'a. Mcrrltt Oil yielded
from 34U to 32 14 In a few minutes. Ueth
lehem Steel preferred was fairly steady,
selling ut 100U to 103-ii.
(Market closed nt noon because of
military demonstration and parade of
men drawn for service in new national
army.)
INDl'.STIlIAl.H
nia
Air Reduction 89
Aetna Explosives 5
Am Hrlt Mfg 5
Am Marconi 2
Am Writing Paper 3
Heth "II" pref 105
Ileth nights 3
Canadian Car Co 30
Can Car & Kdy pfd... 03
Chevrolet Motors 8
Cramp 75
Curtlss Airplane 40
Carwcn Tool 10
Carbon Steel 85
Emerson Phonograph ... 0
Federal l)yo 10
Hendco Mfg 28
Lake Torpedolio.it . . t .. 0
Lehigh Coal Sales 75
Lima Loco 55
Maxim Munitions I
Marlln Anns 115
Nor Amcr Pap Pulp 3
Otis Elevator 83
Peerless Motor II
Poole Eng 73
Hodden Truck 15
Scrlpps-Uooth 18
S H Krcsge w I 05
Standard Motors 0
Steel Alloys 8
.Submarine H0.1t 25
St Joseph Lead 18
Todd Shipbuilding 79
Triangle Kllm t.. 114
United Profit Sharing
U S Steamship
World Film
Wright-Martin Air ..
Zinc Concentrates . .
rts. rlosn
Aiktd (Sale)
0.1
n
10
2
3
ion
.1
35
00
8
83
41
10
95
0
33
0
80
68
IV
118
4
80
in
83
18
100
10
0
20
19
81
1
00
0
8
80
1
10
W
lVi
lie
1
Hi
1
23 1
8(1 1
40
80 2
n Vi
15
SO
1(10 2
33
48
03
20
55
38
44 1
10V
102
71
103
10
131
80
42
110
129
18
127 4
00 1
110 3
V
8
1
1
Vi
1
Vi
117
on
in
48
25
K
02
43
13
50
44
. 0
. 1
STANDARD OIL
Illinois 220
Ohio 330
Pralrlo I'ipo 350
S O Cal . , 340
S O N J 803
SONY 371
INDKI'IJ.MIENT Oil,
Harnett Oil & Gas :
Cosden & Company
Elk liaslu
Federal Oil
Inter Petroleum ..
Houston Oil
Merrltt Oil
Midwest Heflnlng . .
Met Petroleum
Ohio Fuel
Oklahoma Refining
Rice Oil
Sapulpa Refining .
Sequoyah
Sinclair
United West Oil ..
10
. lVi
. 4
. 12
. 18
. 32
.103
1
. 18
. 8
. w
. 10
4
nvi
2
235
300
255
280
6H7
277
STOCKS
2Vi
10
10
4
12
20
33
107
1
8
20
V4
0
1
29
Total Hale. 397.700 liure. rnm-inred nidi
.-.fin. Clio Klniret x-KtrrcUi i thim fnr 11,1. ..21,'
4 I.799.SOO shurrsi ttiime iwrlod last neck, 1,811 '.
oou hii.irr-t.
INACTIVE NEW YORK STOCKS
Following are quotations for Inactive New York stocks und In which there were
no transactions today. The price given Is tho last previous sale.
'THE HOLDKKS OP TIIK OUTNTANDINO
Hon uf tiik r.in.-u. r.i.rA riiiv
IIHAT1A(( tU'll'Ani ur .mi.i.-.-i.-..
Bii.VAniiiSwrKr.ii in no Jiuiti.
DATKU JUkV 10. IBliai
p la hvreby given that, nursuant to the
of tho bonda of the undfrMlgned, secured
ertrate dated July IS. 1BH.1. to John II.
ana jumtm i. uosiir. hi irusiees. anl
A mnrtrairi. th underalirnpd will nav nrf
i.redoem nil of the nutatandlnff bonds of
taaue on November 30, 1017, at the office
w substituted Trust, the Farmer' Trunt
CiDr oc ioanon 1'rnnsyivaniA, ia. 827
orland street. In the city of Lebanon,
of Pennsylvania. Tho principal of and
rest on aald bonda to .November 80, 1917,
. ba nald uoon Drtaentatlon und aurrnHr
tha sama. to sold substituted Trustee, and
isi wnr taa io accrue tnereon xrom
after raid redemption date.
mi, inanon. i'a.. Auqusi .11. jvi7.
KDIKO.V KI.KCTIUC II.t.UMINATI.NTJ
fAMI UF i,kiia.w. rnnrtui i,vania.
Iy WAl. J Kit A. ItUili.
V VIM Tal,..
"tjl '"" """
'V ;MUCTORY Ilk ACCOUXTAXT
1
IreMs"1
Certified roblle Accountants
fftiscain. illilMV.N CO.
LVTY... .4e 'fundi, in inni ir
49AA4K. . liiTZ. , ..
AND'ApJUtlT PAB'INKHMIIIP.
MU',uisruti aiMiunii
mm
Mex I'et uref . . l
Adnnu lliwr'ss ..11
Adv Humely pf . . 'M
dn ctfs pref.... ll
do pref W"
Alaska Juneau . . 4
Am Asr ,(,:, JJi'
Am Aur t'hrn P ''?,
Am tn oret . .. H J'ds
Am Car 4 hr vt 1 IJ
Am-Cotton Oil... 3..
Am Kxprcsrs i.
Am K'Pf'f Vi
Amer Malt ., JJ
Am Susar pref...u;
Am Sumatra P"'.,,
Am Tobacco. .... 10SV4
Am Te i. Cable.. 1.K
S T ft T 3d oret 2H
Am Woolen pref. 03ys
Am Writ .fa nrer ,,is
A DO 1st pref r.l
Ama Oil (11H
ftiilfn o1 w i gifc
Halt ft Ohio pf.. BJ
Hatopllas Mln .,''
llarrett Co 10-
do nref . ;--ln'
Ileth Steel pref. IT
Ilrooklyn II T .B0
llrooklyn Un Oss.101
llrnwn Shoe Tl
llurna Ilros .... 84
Ilutterlck JH
Cent Kdy Co. ... 30,
Cent Kdy Co !'..;,.
Cent Leath Pf ..J4
Cent Ho Am Tel.llJS
Chi 4 Alton IJ
do pref ..... -'J'i
f! 11 ft Ht V pref.li'JW
Chi ft N W 108
I onic Irifs pf d
Col ft South ..... 23
Col ft So 1st pisf $3
do ?4 prct.....
Corn Prod 7
il'Vliii. 17(4
l.!?!VlntH
Cluett.P-obody of.H0
Comp Tab 11 Co. 411
ton O U L ft 1-..U3
ao pre: 11:
on nil imi Jim,
i onilnentni
Consul Oaa
(' It I ft 1- f o... 70
Cuba Am Suuar..1K0
Cuna Am Sua pf.107'4
Cuba Cnno pf. .. RUVi
IJ L ft IV IBB
IJ S S ft A nref.. .,
Deere- Co pref. . .tnnli
Detroit Hdleon.,.123
Den ft 11 (1 H
Dome Mines .... ui
Kl-o Stor Hat... RSU
Kile Horn Fuel .. 2Mi
Oen Clsar Stores, ami
Oreene Can 4114
Ifartman Corp... 02
Havana KI....101
Homestnke Mln .107
Int Ar Corp....
Int Harv Com... 78s
Int Harv of N J.1MH
Int Nickel pref... 1034
Iowa Cept. ,,.-... 4H
do prf lot
Jewel Tea 37K
Kelly-Sprlna- .... 44'i
Keuk i I) !.... 4H
l.acl'd Oaa .... DO .
l.k Krle ft W 12!i
Lak Rrle ft W pf 28
Lee Rdh ft Tire.. l'i
Loose W Ills Co.. MVt
i.orlllard 1 .....501
Inrlllnrd l pf. ,111
M S P ft 8 S M 102
Markay n.
Macksy Co pref. . 04U
sianhattan Kac!i 1
Manhattan KIV..113
May Dept Str Pf.103
Mich Cent ......110,,
Minn ft St L new 1GH
Morris ft Haiti. 30Vi
do pref 11H
Mo Kan ft Tex.. . .'
do pref ...... 10.,
Mo Pun u of d f p (llVi
Mont Power pf..H0
Nat Acme att
National Illecult . 103
Natl Cloak ft Hull 73H
Nat Knnm ft S pf HUH
National Lead . . 54
Nat Hit Mx 2d pf 0
NTOsStli... SI,
N Y O ft W 2d pf 00
N Y Dock ...... ItH
do pref 40,,
Norf ft South.... 2414
Norf ft West pf. 81S
North American.. !Wi
North Pan iml,
Owens llottlo ... 92
Ohio Fuel 4',4
Ohio Oaa rts .... S3
Ontario Sliver ... !
Psn.Atn Pet pf.. 0
do prior Pf ct.. &.1
Peoria ft East... 7li
Pere Marquette .. in
Vere Mara pr pf 4.114
Plerce'-Arrow .... .1R4
Pierre-Arrow pref dn'i
Pressed S Car nf.l03V4
Pitts Coat pf ctfs 121
Pitts Stl pf.... t
Pullman Pal Csr.HO't
Uulckellver 1H
Quicksilver pf.,,. 1H
do pref S6H
Hwy Hleel pf.-... 00
Itep I ft H pref... 10214
M P Hlco 8 ....207
Saxon Motors ... lK
Savase Arms ... 80
Sears Itoeb'k pf,125
Seaboard A I. ... 11
do pref I'll
Standard Mill pf. Hi
int;
431,
. no
. St
. in1;
. in",
. 10H
.mi,
.205
.TV
St L & Soutu. .
St 1, ft H W nref '
Mand MIIMnL- .,
Studehaker nf !
Sun Steel . .
Texas PHcitlc :;
Tesns rta
Third Ave .....
Tidewater Oil '
TOI St L West"
T St L ft W elf. in'
do ctfs uu
do pref go
Ln paw & Paper. 11
do new ...'.. si
"n Cigar s pf..,ln
S'lul. 1st nref. loo
t-nlted Dyo Wood ts
do pref U514
V,nl,'.l nru 7.1
Unit Dru 1st pf 54
On Pan Hoard .. 2114
Unit Ity Invest. 8
I'n Rwv Inveit pf Id
U SCI P ft K pf fij
;l H Eipress..., is
" H nd Alco pf.lOSH
tl B Healty Irsp.. lsVi
US Smelt ft n.:. (10
.do pref no
Va Car Chem.... 37fi
,s Cur Chem pf.llt
do 1st pref.,,. 31V4
Va Iron U ft U... (13
Wabash loi
West Pao It rt.. 17V,
do nref 47
,1Vhel ft I. v. nref 3014
Wllljs Overl'd pf B4
tvts Central .... 4u
Wilson Co pref.. 102
VVoolworth 12
Woolwortn pref., Us
Worth Pmp ft u jV4
MINIMI STOCKS
Alaska Standard 23
Atlanta , 10
nig Ledge ..... 1
Illsbee Copper ( a pros)
Butte Cop & Zinc 0
Butte New York 1
Cal & Jerome 1 1
Con Arizona 1
Fmma Consolidated If,
First National 214
Goldfleld Merger 5
Goldfleld Florence .15
Goldfleld Kewanas 12
Green Monster i-f,
Hecla Mining 0
Howe Sound 8
Independence Lead 0
Jeromo Verdo 1
Jumbo Intension 25
Magnate Copper )j
McKlnley-Darragh (13
Magma Copper ....?... 44
Mother Lode 30
Mines Co of America. ... 1
19
0
iV
10
1
23
41
30
12
1
10
1
t1
10
4
12
34
170
1
'0
10
If,
Nevada Hills
Nlplsslng
Ohio Copper
Ray Hercules
San Toy
Stewart
Tonopali Kxtension
United Verdo
West F.nd Con .....
White Oaks
Ycrlngton ,
HON US
Bcthlehcfm 5s..
Cosden Oil 6s
Cosden & Co Cs....
Cudahy 5s
Krle Ss
Russian Govt 51&s..
do CVjH
South Rwy Es
Sinclair OU Gs
15
8V
1
3
13
A
2
35
08
.1
21
08
03
05
04
00
68
80
07
00
Hi
3
7
20
14
If,
0
5
10
Mi
28
05
10
31
1
23
8
tt
3
15
11.32
2
30
72
08
05
07
07
07
70
81
07
03
28
13
1
0
2
2
1ft
"s
V.
ft,
lit
28
Ti
n.i
47
30
8
1!
2
70
S3
08
70
Sales in Philadelphia j
Itleh.
200 Beth Stl 1I..107
18 Flee Storage 88
10 Krle 2SV
031ns Co N A 20
Key Tel Co. ..
102(1 Lk Sup Corp 17
50 Lehigh Nav. 70
1(1 Lch Volley.. 1
S North Penna 90
182 Penna R R. M Va
ra Salt Mfg ..
51 I'hlla Co
cum pf... 38
430 I'hlla Klec. 29
380 ! It T tr cfs 30
I'hlla Trac ..
10 Reading .... 8.0V4
So Rwy
412 Ton Belmont 1
Ton Mining. . .
10 Union Tract. 44
123 Un Oas Imp 78
4785 U S Steel. .118
Wnr Ir & S. ..
W Jcr & S. ..
IIf.
107 V4
58
22 Vi
26
.'
114
76
61
00
52
Net
Close, chae.
107 1
58 V
22 Vs
26 Vi
flltt
1V4
76 ..'
6l ....
00
52' ..
405 i . .
38
20
201d
80 Vi
4
41
78
112
.18
20
20
77
80
20 ..
4 V
Oil
44
78
112
to
49
!
Vt
3
Kx dividend.
tQuotatlon given Is yesterdays close.
Total salrs. 7816 .lmrf;, rnmpnrfil with 0619
shares jeitenlujl tliui fnr thU "V! l'01
shares) same period nisi reK, iw,ii' e.......
WINDS
Net
llluh. Iiw. Close, chge.
7IOOAm G & K Cs 00 00 00
7000 Con Trac
N J 6s... 09 09 00
1000 Key Tel 1st
5s 03 05 05
6000 Lk Supine 5s 51 50 81 3
30580 Lib Bond w I
09 91-100 00 00-100 99 00-1001-100
1000 Pa Co temp
ctf 4 '4s .. 02 03 03
.1800 I'hlla Klec
1st 5s ...100 100 100
0000 Reading gen
1s 88 88 V
5000 Spanish-Am
I 6s 101 101 101
Total sales. H8.1.310., compared wllb J J
je-terdaji thus fnr this eek, J2.0.310I sume
period la-t neck, $333,000.
Local Bid and Asked
Today
Hid Asked
American Stores
Drill (J (II
Huff ft Suso. t e
do pref
Ilalilwlll
Hlcctrle Storairo ....
(ieneral Asphalt ....
do pref
Ke stone Telephone..
do t e
Lake Superior Corp.
I.ehlgh Navigation ..
Lehigh Valley
Pennsylvania
I'hlla Hlec
I'hlla Company. . . . . .
do 5 per cent pref.
do 0 per cent pref.
Tlilla Hap Tran t c
Heading-
Ton Helmont
Ton Mining
I'nlon Traction
H O I
IT S Steel
York Hallway
do pref
Win Crump ft Sons..
.10
2d
57
Mi
noli
M
IS
Ml
:i'
63
HIV4
711
110
OhY
;i3
32
37
jn
an
4'i
(Is
43J
78
13
37
Mi
;,n
r.2
in
no
21)
I'-iv.
(IS
17
77
()si
52 's
211 's
:i."
35
30
an
stl' 4
(t.
112
14
:is
79
Yesterday
nid Asked
36 3814
311 2H14
n7 P.1
mi r2,,
1R'4 20
r.sVi o, ,
114 1214
n.-i ns
in'i 17 ,
711 7(114
nt 01 g
2'ii 'Jiili
33 35
33 33
3S III),,
30 an';
7'i S7i
4J 41
OH OH
43s 4114
7N' 7S'4
1111(4 110?4
1.1 14
37 as
78 feU
INACTIVE PIIILA. STOCKS
Following are quotations for Inactive
6tocks listed on the Philadelphia Stock Ex
change and In which thero were no trans
actions today. The price given Is the last
previous cloto:
Alliance Ins 20
Amer Stores .... 87V4
do pref 06
Amer .Mill H
Amer Oas 10314
Am Oas war.... 114
Am Ilys pref.... no
Ilald Loco ...... C6?4
Drill J O ....... SUV4
Hurt ft Husq t e.. 58
Huff ft Susq pref. 51
Cambria Iron ... 43
Cambria Steel ...155
Catawlsa 1st pf. 32
Con Trac N J... 71
Oen Asphalt .... 23
do pf 59
Key Tel pref...
Leh Val Tr
do nref
Lit Bros
I.ltle Schuylkill.
Mlnehlll
North Central .
I'lnla Co
do pref
Penn Trafflo ..
P It T
Un Cos of N J..
W N T ft P....
West Coal
Wm Cramp
York Hwva ....
York ltwf pref.
65li
27V4
.6
25
51
5514
83
384
35
s
, 2n',4
,216
. 21
:!!
. 14
, 87
New York Bond Sales
High.
03H
I.ow.
n.114
95h
00
H.V4
noli
110
KH
ns
in'!
8414
no
IIK'i
115
113..
11,
Close.
H5V.
no
IV 5s 8414 K414
'4.!"::::: Ill SSS
ft West 4s.. O'.lH l)
$54000 Anglo-French
nnOfl An. l.rtr Sec
40IKI Am Smelt ft Hef 5s... !'4
2U00 Am Tel fit 43 .;
7IIO0 do 5s .V?
10000 Am Toll (Is Ill)
12000 Am Writ l'nii 5s..... h8U
101)0 Atchison cv 4s 1000. . 118
501111 Halt ft Ohio 5s 9414
4000 do cv 4V4S S.i
3000 Hraden Copper 'Is .... on
llllllO Hruok It T 5h 1IH8... HS',4
300110 Can Oovt 5s 1020 II 5 Is
6000 Chill Copper 7s ...... 11.1't
1000 CheH ft Ohio cv ivs.. ii.
jono no conv
.tnmui i' 11 Jt o
1000 do III 4
211(10 fill lnd ft West 4s.. (r.iif
HIOO ( M ft St P gen 4s 2.is SOL
8000 C It 1 ft P rfd 4 I.0'.4
10000 City of Paris ls 93
10000 DIs Sec Corp 5s i.i
1000 Hock Val 4s S24
anno III Cent 4s 1053 751k
101)0 Intcrb Met 4'4 " 60
2000 Interb It T ref 5s SI)H
1000 Inter Mer Mar lis KOVj
5(100 Jnp new O S 414 s.... HO.,
1000 IC C Ft S ft M 0 S2',s
1000 Lacka Steel 3s 1023.. IIS
1000 L V of N Y 414 s M.-i
1(1110 Lie ft M T 5s WK
017000 Liberty Hond w I SV&
99 96-100 09 00-100 00 03-100
Aftnn ,nnl.titan Am . . ttx S4 S4
1000 Mo Kan ft Te 5 27'.i 87J4 27'4
02OOO Mo Pac Km 4s....
1(100 Montana Power 5s..
15000 X Y O ft II 0
10000 do en 4s
N(l
onii
113
K2'i
7.114
60
e;
1)014
SO
83V&
S
05
9?i
sr.'A
unit
ni.
ss'.l
s
04 '.4
85
tin
os'i
115
13..
77
mi,
11.-.S
ss't
(Wis
Sll'i
B'4
(13
83 'i
7.V.4
61)
SB'i
linj
SO
8214
US
05
09 ?i
RAILROAD EARNINGS
July cross
;sei
July eross
,.
SOUTHEIIN HAILWAY
,7,260,502 ll.7R8.U7
.......... 1.8S2.1S3 600,330
ATI-ANTIC COAST LINE
,....., 3,14l,7r. iss,r.7ft
..-,:.' 426.330 'S3Mi
DKI-AWAIIK. LACKAWANNA AND WESTERN
Hven moninr srou. ;'."((- jiV'1!?.
' Tit
Jujr.t'
t
12.
.Net .i ,ii.u.-j is.-.fuu
OKOROIA BOUTHEUN AND FLORIDA
"'n"xf'f-
Bank of England Gains Deposits
LONDON, Aug. ."O.-7-The weekly state
ment of the Bank of Kngland follows: Total
reserve, 32,346,000: decrease, 353,000;
circulation. 40,406,000; Increase, 473,000;
bullion, 54,303,000: Increase, 151,000;
other securities, 105,498,000; Increase,
4558,000; other deposits, 131,093,000; In
crease, 3,849,000; public deposits, 46,525,.
000, Increase, 1,825,000; Government se
curities, 7,899,000; increase, 81,416,000.
Clearings through the London banks for the
week were 117,080,000, against 318,980,
'...W,V'..V rii'Jni-lJa'iM WSknd IJfT.IlM; ta.,U.la
. rr- "itr. '.. "''' - -.-- 1-, -r Kj.- ,if ?,
FOREIGN EXCHANGE
NKW YORK, Aug. 30. Dealings In for
eign exchange In the early session today
were on a very moderate scale, Rubles
failed to fall under Wednesday's low record,
but pesetas were a shade easier. French
exchange showed firmness and the general
tone was fairly steady.
Quotations were:
Demand sterling checks 4.75 9-16, cables
4.76 7-16; sixty-day bills nominally 4.T2,
nlnety-dny bills 4.70.
Franc cables 5.76, checks 5.77,
Lire cables 7.4S. checks 7.49.
Swiss cables 4.57, checks 4.69.
Guilder cables 4214, checks ill,.
Pesetas cables 22.35, checks 22.25t
Ruble cables 18.60, checks 18,50.
Stockholm cables 33,60, checks 33.30.
Chrlstlanta cables 30.65, checks 30,40.
Copenhagen cables 30.40, checks 30.20.
noil .In 4V4 H 1)1
'11000 N Y City 4s 1B5H..'... 93.,
10110 do 4Vi a May 1038... 10114
1000 N Y Rwy 6s 21
inno.Norf ft West 4s S7',s
r.O00T'or Par 4a K1
1000 PaclOo Tel 3a II6U
2000 Penna 4b 1048 1)2
JOOO Public Serv N J 5s... RtlH
50(10' St L ft H F In 52
mono do ser A noli
2000 Seaboard A L ailj Bs. . r.r.
1000 South l'ae. 4s 77U
10000 do cv Is 81 V
3000 do cv 5s 0014
inoO South Rwy gen 4s.... 6.1
40110 do 5s 07
3000 Texas Co (Is 103
4000 1! 8 Rubber 5s 83
31000 If H Steel s f 5s 10.1
1000 Union Pao rv 4s 8S
1000 U K of O II ft I 5s.. 117
107000 do 514 s IBIS 110
1MIII0 do 5Va 1011 0.1'A
40000 do 5'4a new Ulln . . till ft
11000 do 5V4s 1921 04
1000 Vk Hwvs 5s 1)5
1(100 West Klectrlc 6s mill
.5000 West Md 1st 4s 66
500O West Union 41a s 1)2
f.74
924
1(10
77
01
B3
101
8714
85
110
02
8(1
iioli
56
77
Kl
00
63
07
103
K3
10.1
88
117
011
05
1)
04
115
00
16
02
67 4
02'4
1(10 "4
77
91
03
101
21
N714
85
noli
03
sn
(iol4
nil
77
81
0614
63
117
102
83
103
RH
07
00
93
ni'14
1)4
03
00
nn
92
TRATiTNn FALLS TO MINIMUM HERE
AFTER NEW YORK EXCHANGE CLOSEST
Many Traders Take Afternoon Off Lake Superior Strong ;
- if... Mtt.ninrr Villi-. T.nHPH flairi '.1
ana Active m irxui""B "
Prices Mostly Lower
For nil tho business that was done on the
Philadelphia Stock Kxchango this afternoon
the exchange might Just as well liavo
closed at noon, when Wall Street wound
up trndlng for the day. Traders In brokers
olllces and on tho floor of the Kxchange
figured that It was a good tlmo to take an
afternoon off, which many of them did, with
tho result Hint tha trading which did take
place from midday on was between a very
small number of traders. The ticker stood
still from nbout 2:15 to tho close, when the
bid and asked prices came over.
During tho morning there was a little
show of life, with Lake Superior brought
out In more volume than has been the case
In some time. Then the stock was advanced
nearly l'j points, becoming tho most nctlve
of the home group, but In tho afternoon
this gain was lost and the price stood un
changed In the late session.
Tho early activity and strength In the
stock wns attributed to tho election of
Wilfred II. Cunningham, a Philadelphia!!,
ns the president of the company, this in
tho minds of the Street being a recog
nition for the large Interests In the com
pany which nre held In this city. Hfcs
Superior Income bonds gained 3 points in n
Most of tho trndlng was in United states '
Steel common, which sold ex tha extra dlvl.
dend of 3 per cent nnd tho regular quarttrlr '
disbursement of 1 Vi per cent. With thtii
dividends figured oft tho stock showed 1
loss of 3li points. Except In this stock
the price movements through the list were
small, with the general tendency toward
lower levels. Philadelphia Rapid Transit
trust certificates lost a small fraction on
very small trading.
The Federal Reserve Dank of rhlladel-'
phla, under the) authority and direction of
the Federal Reservo Board will, on Sep.,
tcmber 1, begin tho handling of all forms
of collection Items. Hitherto cash Iterou
have been collected. The reservo bank will
make scrvlco charge of ten cents per Item
in addition to the exchange charge that
may be mado by tho collecting bank.
The annual report of the Philadelphia
nnd Western Railway for the year cndlni
Juno 30, 1917, which was Issued' today
showed totnl operating revenue of ,538,187
n?ntliKt S401.488. whlln tha r..l ....... .... '
1r, .- , , ......v ..... ..v. 1,U9 S- I 1
3Q6, against 8256,669 in the previous year
COTTON IRREGULAR
IN NERVOUS MARKET
Local Pressure and Active Sell
ing by Houses With Liverpool
Connections Result inrop
COTTON 11EI.T WEATHER CONDITIONS
NKW YORK. Auc. 30. The following tern
neriitures recorded In the cotton belt this
iiinnilnrt Abilene, Alt Little Kock and Mem
phis. 00 Forth Smith. 631 . Nnslnllle. 601
Meridian, Knowllle nnd .Ulicilllc. (181 Hhrrte
port, Nnn Antonio, VU-kohiirg and . Mrnilnir
hnm. 70 Pel Rio, Cliiillnnoosa,. Atlanta nnd
RulrlKh, 73: Corpus Clirlstl, (Inlveston. Pen
snroln nnd Thomniillle. 74i Macon, Mont (em
err nnd Augusta. 70i Sntonnah and n liming
ton. 78i New Orleans nnd Jacksonville, 80 1
Charleston. 82. .....
There wns .01 Inch of precipitation nt
Jacksonville, Corpus I'hrlstl unci .Meridian.
.03 Inch ut Tnmpu nnd Fort Smith. .04 Inch
nt New Orleans. .08 nl (ialieston, .10 nt
Charleston, .14 nt .Memphis, .64 nt Chatta
nooga and .50 nt Knowllle nnd Vlcksburg.
NKW YORK, Aug. 30.
Tho cotton market showed renewed nerv
ousness this morning. Opening prices were
8 points higher on October, but generally
1 to 10 points lower, and the market soon
sold off to a net loss of some 8 to 15 points
under scattering liquidation local pressure
nnd rather actlvo selling by some of the
houses with Liverpool connections.
Two private crop reports were Issued be
fore tho opening, one of which made the
avcrnge condition 68.2 and the other 69.6,
and both of which pointed to a falling oft
of 3.7 for tho month, compared with 6.6,
the ten-year average.
A later report from New Orleans, how
ever, made the condition 70.5, which showed
a deterioration of less than a point com
pared with tho official report of last month.
Business around the ring was still con
sidered chiefly In the way of evening up
accounts for over tho Government report,
and the process was probably hurried by
agitation for tho closing of the exchange
this afternoon.
Trading became .ess active as soon as It
was found that the market would remain
open until the usual hour. Later fluctua
tions showed continued Irregularity, but
they were narrower and prices held within
a few points of last night's closing figures.
during the middle or the morning.
It was recalled around the ring that every
Government report so far this season had
been out of line with the average of the
private condition figures and had caused
sharp fluctuations. This probably Increased
tho disposition to undertake very little fresh
business In advance of the report topiorrow.
les. uinso upen inch Low Last
...... lit .....I .'J.il.l
...22.20 22.25 22.42
...22.20 22.22 22.30
...22.34 22.30 32.50
...22.50 32.40 22.03
...23.40
LONDON STOCK MARKET
Business Continues Dull and Price
Changes Are Generally Narrow
LONDON. Aug. 30. Business was again
dull nnd hesitating on the Stock Kxchange
today, nnd price changes as a rule were
nnrrow.
There was an absence of support In gilt
edged securities, which were inclined to
droop, but the collapse of the Allied Social
1st Conference here caused a comparatively
steady undertone.
Home rails were flabby and featureless
and Canadian Issues were neglected aslda
from Canadian Pacifies, which advanced
slightly. ,
The department for American Railway
shares was idle. A cheerful tono prevailed
In Argentine rails because of the' expecta
tion .of nny early advanco In rates. Im
provement was shown in Brazilians be
cause of the better exchange situation.
Irregular changes were recorded In Mex
lean Issues. An unsatisfactory exchange
market and the news from Moscow caused
wcuKiiess in itussian securities.
Tho shades of the mining nnd oil com
panies were steady, and rubber Issues weri
Inactive.
4
Gold for South America and Japan
NEW YORK, Aug. 30. The Subtreasurjr
has transferred 82,130,000 to San Francisco
In connection with the shipment of an equal
amount of- gold to Japan, nnd gold bars to
the amount of 81, 000,000 have been with
drawn from the Assay Office for shipment
to Chill and 81,000,000 for Peru. There was
also withdrawn 8500,000 for shipment to
Canada.
City of Chicago Gets Phone Check
CHICAGO. Aug. 30. Tho Chicago Tele
phone Company has remitted to the Cltv
Treasury a check for 8298,960, which Is 3
per cent of the company's gross receipts
In the city of Chicago for first six months
of 1917.
LOCAL MINING STOCKS
TONOPAII STOCKS
October . .
December
January ,
March . . ,
May
Spot
22.05
22.011
22.04
22.2.1
22.40
22.21
22. IS
22.5.1
23.4U
Liverpool Cotton
LIVERPOOL, Aug. 30. There was only
a limited demand for spot cotton, with
prices easier. The sales wero 2000 bales.
Thero were no receipts. Spot prices were:
American middling, fair, 19.25d ; good mid
dling, 18.75d; middling, 18.25d; low mid
dling, 17.25d; good ordinary, 16.80d; or
dinary, 10.30(1.
Bar Silver Soars Further
Bar silver continued to soar today in the
New York and" London markets. There
was an advance of one cent In New York to
90 cents and In London a gain of Ja
pence was recorded.
Comparisons follow: '
, Last
Today. Yes. Thurs,
New York (cents) 90 80 88
London (pence).. 40 431a 44
1017
HlRh. lxw.
1)0 71
40 35(i
MnrNamara
Midway
Mlzpah Extension
Montnna ,
North Star
Rcscuo Hulalla
OOLDFIKI.D STOCKS
Hlue Hull
Honth ....!.
Comb Frac
Dlamf II 11
Oro
Sand Ken
Silver Pick
Hid Asked
.1.1
.11
.11
.20
.10
.20
Arizona United
Nevada Wonder
Tecopa MlnlnE .
MISCELLANEOUS
.02
.1)5
.ot
.02
.01
.02
.08
.30
DIVIDENDS DECLARED
Rltz-Carlton Hotel, regular annual of 7 per
cent on tho preferred stock, 3 per cent pay.
able September 1 and 314 per cent on March 1,
1018.
Strombers Carburetor Company, regular ouar
terly of 75c a share, payable October 1 to stock
of record September 15.
Pan-American Petroleum nnd Transport Com
pany, regular quarterly of 1 per cent on the
preferred stock, payable October 1 to stock of
record September 13.
Mexican Petroleum Company. Limited, regular
quarterly of 2 per cent on the preferred stock,
payable October 1 to stock of record Scptem-
Wisconsin Central, semiannual Of 2 per cent
on preferred, payable October 1.
North American Company, regular quarterly
of Hi per cent, payable October 1 on stock of
record September 15.
Calumet and Hecla, quarterly of $25 per
share.
Allouez Mining Company, quarterly of S3,
same as the three previous declarations.
Westlnghouse. Church ft Kerr Company, usual
quarterly of 1 per cent on common and 114
per cent on the preferred stocks, payable Sep
tember 10 to holders of record September 1.
Study the Chart
No better gauge of the New
York Curb Market Is available
than the chart In tills week's
Issue of "CUIIB NKWR," show
Ing the cnmpnslte price range
and trading volume of 60 repre
sintatlve Curb stocks.
In "Curb News"
you will -also find an abun
dance of news of the moment
nn many stocks ot the New
York Curb and Important
nrtlrles on silver and oil prices
and activities of the market.
Send for Current Issue T31.T.U.
JONES & BAKER
STOCK BROKERS
Widener Bid., Philadelphia
Dell. Walnut 1000-1.
Keystone, Raco 2200.
New York Boston
Chicago Pittsburgh
Direct Frtvat', Wir.
JO.YES ItAKKtt.
H'ldencr Uldb., PMlaitJvMa, ra.
Send me your "OVRD NEWS" IShT.V.
Name
Address
CUv
Slale.
NEW YORK COFFEE MARKET
NEW YORK, Aug. 30. The market for
coffee futures opened quiet today at an
advance of 1 to 2 points. Sales on the call
amounted to izou nags
September
December
March' ..,
May .
July
Open High Low
7.50 7.60
,-.... 7.72 7.81 7.7.1
7.03 8.03 8.03
,.,., 8.00 8.111 8.13
,,.,. 8.23 8.33 8,a
Close closo
7.50 7.43
7.70 7.73
7.09 7.03
8.12 s.uii
8.20 S.21
Total sales, $1,896,000, rompnrrd wllh (2.625,
000 resterdnyt thus far this week, 88,004,0001
same period last week, 67,624,000.
MONEY-LENDING RATES
BIV YORK Money on call opened at
3i today; high, 4 ; ov,-3U ; last 4 ; closed,
314 4 ; ruling rate, 314 per cent.
On Industrials business has been done 514
per cent for four months and 5',i per cent
has been paid for maturities running Into
January nnd February. The minimum on
Industrials is E per cent. On good mixed
collateral transactions are eyen more lim
ited and rates are nominally unchanged at
4 & 4 'per cent for sixty days. 4 14 4 i
per cent for ninety days, 4E per cent
for four months and 5 per cent trading flg.
ure for Ave and six months.
Prime bank acceptances are quiet at 4
Si per cent on Inellglbles and 3i03s; rjer
cent on (ellglblea.
PHILADELPHIA Call, 5 per cent: time.
60594 per cent. Commercial paper, three to
four months, EH 6V4 per cent ; alx months,
Bv45 per cent.
BANK CLEARINGS
Hank clearings today compared with corre
.ponding day last two ..
Hoiton t35.0i6.610 t2t.872.63B 1347805.482
Phllsdelphta, 51.640.236 30,8.15,111)3 SII,IIU8.1S3
New York.,. 516.784. 868 444.BH4.mn 561 44 n5
St. iiuls .. 18.444,118 14.431.560 12,031 681
Dalttmore ,. 6.8S8.2S6 6,105.081 J' .J.
"ror-Jv 'W'.iW' yr.f j, ?, ,fsfv A,au w-m
Reduce Price of Lead
NEW TORK. Aug.. 10. Tha Amerltmn
amaltln MtOJUOolog Cnangain taly'r
4H-M-'IM ffllira W5
TOO :latb FOB CLASSIFICATION
HELP WANTKTt MAT.R
?
V
Scrip 1
MMrri
exceptional
Rtsni:
SINKING FUND and REDUMPTION PLAN
PHILADELPHIA COMPANY
First Mortgage and Collateral Trust 5 Gold Bonds
Due March 1, 1949 " v
Bonds of this issue duly stamped as provided in
the Plan are now ready for delivery, in exchange for
Certificates of Dep6sit, at the office of the Depositary,
or the Agent for the Depositary, which issued the
Certificates.
Depositary!
TUB PROVIDENT LIKE ft TRUST
V - CO-
' Philadelphia
Agents for Depositary!
FIDELITY ' TITLE ft TRUST COM-
PANV
Pittsburgh
MARYLAND TRUST COMPANY
Haltlmor
THB KQU1TAHLE TRUST COM-
- STAiSS
BROWN BROTHERS & CO.
' Philadelphia
MONTGOMERY, CLOTHIER &
,, TYLER
Philadelphia
JEROME HILL COMP ANY
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31
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