mSfax
('
IK ILLY, MOCK
CAPERS
ft CO.
ev-.tr
SHORT TERM
PUBLIC UTILITY
NOTES
DUE 1917 AND 1918
TO NET 6.50 TO 7.25
DETAILED OFFERINGS
ON R5QUE6T
166 CPrSTNUr STREET
ruiLADiariiiA
September
Investment
Suggestions
A review of the market
history of many standard
bonds shows that present
prices are unusually low.
We have prepared a care
fully selected and well di
versified list of high-grade
bonds yielding from
4.30 to over 7 .
Tills list.
TE-1311, will
request.
be sent upon
TheNationalGty
Company
1421 Cheitnut St., Philadelphia
New Yoik Chicago San Francisco
Boston Pittsburgh
.ai.larK$o.
BANKERS
(Estatllrhcd 183")
321 Chestnut Street
Philadelphia
Wc Own and Offer
Penna. R. R. Gen.
4y2s
Due June 1, 1965
A. B. LEACH & CO.
115 South 1th St.
THE
HAVILANDARMSTRONG
COMPANY
STOCKS
BONDS
HI 8 WALNUT ST.
PHILADELPHIA
NEW YORK -BOSTON
CtTABUSHtO IMS
OIKKCTonV OF ACCOUNTANTS
Certified. Public Accountants
4
&
m
LAVVKENCE U. HIIOWN & CO.
11.'. HEAL ESTATE TltUST UU1LDINO
INVESTIGATE & ADJUST I'AIIT.VEH.SPIP.
rnPPfHUTION Si DISPUTED ACCOUNT."
INACTIVE NEW YOKK StoCKS
Following pro quotations for Inactive
ffew York stocks and In which there wero
no transactions today. The price given la
the last previous sale.
Art ma Kxcr.it 111
.Advance Ituinely. la
v do pref 2.1
Alaska Jimeau... a4
Oim Agr Chra pf. 9!
A 6 I- ('..Oli
du ctn pret....lvt
do prf MIS
Am 'ar K Pf II",
Am tea Sec 1ST.
An. .,. oref..
Am Milt ins
Am Smelt pref.. loo
Au. auaar prvl. ..114
Am Sumatra pref UA
Am Tel Cable,. 09.
Am 'I' T Sd pref Vi
Am wooien prei. j.i
auu it o lit pref .la
Atl Coaat Lino.
uarreu .o yiu..u. ,
Halt Ohio pf .. USS
llrouuifn bn Gaa.106
.Brown Shoo 71,,
'Hutterlck 1"!
Cat rt IT,,
Cal Pet pref.... 44
C.nt 'dy Co .. 28
tu uy Co pf,. oJ ,
"ul Bo Am 'Jal.lIJVi
CM t Alton..... 11
'Chi at Alton pf.. 23'4
Clu.u-j'-auody bLHv.,
Col South.,... SOi
do 2d pref .... 11'
Cont Can pref..,H'2'4
lun OWL, i'..UJ
"vd tire . lW
Ceo int Cal Mill. 1714
::l sits
o..ins!i
'.Continental lni.. 51V
190
100 VI
Ia.
ivisJCstm Am t3u pf.l
- i 1 1Y
Me Pet nrcf 4
Mich Cent Jl
Xler. S' I, new !"'
Mont Tower .... 8.1
a. . . Essex. 3uVj
do pref nt,
V (' of d f p ',
Nat Acme .12 V
Nl.ll '-'louk & Mult ,l ,
Nt Knam s pf oS
J. ' t Jl-x Sd pf
N Y Air Uruko.. 120
. i i ( ai i,.,, ;0
N Y Dock uu
do pref 4u
Norf i South,... a 4
North American .Is',
5a iotU Steel 04
Ohio Kuel it
r CO fc hi b. . 7?
Pan-Ani J'et pf.; 'i
do prior pf ct.. 63
Teorla ft Kan. ' jti
J'ero Urouette.. In'I
I lecce-Arron, .... :tZJ
ftf,1; ' in
T,oo'psrV, V:::..
Heartlne l.t'pVrf; 3ii?
..."'..-'I.Pref .... ;m"
nr Btcei tref.,,.
w A Line nf . '
0 P ICIco a
bear Jtoib'k
E M x'',iJ
& ' 1
i-w
tl a A pref
re' to prer.
air Ediun.
-Blur Uat.. H
Cd pf ..... 24H
C1 blorei pf im,
Motora pref.. b-l
mtan i.orp. tni
ana tuo-,...tu&
uainke Alin..iua
Asrle 1H
arv I oro 7i
rN t pf.1131
gtandam Mill Jr
do pref , .
Lnd IIIIdi
Toxaa rta ...
Tidewater On
Til Bt I, Weat
:iu;.
a
2d r
pf.l
T b:
do
da
L, A
cite
prer
x
3I
4.1'J
60
:u3
7.
W i-tfa lu
iiH
av
H'nderwowl 4llt
IKK .vnlted
xvar H nf
nderwood Typl".
, do -D
LrZIiT" T-?"."- "
United Hy'
.." .!'
u. e n
lu
uod 6
,"'- ..!'
l.ii-M jyi
il-u . .-u".".1-
rJ Expre.e .. li
UBlnd Alco pf.luifc
C Realty Joip.-. 14C
do oref ;0
Va Car Cliem...l(ifi
VaCarCm lt pf'jiur
yttx, i'au it a".
irBS &awi":fsi
Miiaon L.o rjrr..ina
.i'iv ii,r;-ti". ":?:
' r wM '.i en k.
IA
UM.
; wfacf d
i'.V:::
if
- it ..
VT
''.'
rf 7" f-" -r'''-1 MJf T?f-."-T7,"" IV-V'. rW1'''!'! 'ApiW.IH''P'i IWP H'pwi'iil '.'"WW .
"A
FINANCIAL NEWS NEW YORK AND PHILADELPHIA STOCK QUOTATfo?
LIQUIDATION STOPS IN WALL STREET
WHEN RESERVE BANK MAKES DEPOSIT
Action of Government Institution Brings About Relaxa
tion in Money Situation Stock Market
Then Turns Upward
High Points in Today's Financial News
Wave of liquidation in Wall street ended when Federal Reserve Bank
made a deposit with New York banks, relieving tlw money situation. Slocks
then. recovered all around. Pennsulvania Railroad broke through par in
morning. Broad Street Curb not influenced by action of big board. Grain
and cotton higher. Bar silver jumped 2 rents in New York to another new
high mark. More gold sent to South Amrriea.
N15W YOKK, Sept. C.
Tlio wavo of liquidation resulting' from bear ntlackM ami from tho tension
In tho money market was ended ubruptly shortly tiftcr tho opening of tho
stock market today, when tho Federal Kuscrvo Uanlc tnatlo Its substantial
deposit with tho local bunking institutions mill caused mi abrupt rcloMttloti
of tho money tension. Thcro wj.h Fomo selling by tho western t-neculntlvo
clement at tho beginning of business, causing IrrcK'Unr changM, but from n
short period nfter tho opening prleo movements wero lu nearly nil cases to
materially higher figures.
Tho supply of call money nt 0 prr cent, which was offered early In tlio
day, was followed by opening loans tit I per cent, and this casing of tho money
into removed about the only incentive for selling stocks on cither long or
short account. When the market started upward tho demand Increased and
advances ln stocks wero accompanied by various reports of what tho Govern
ment would do lit tho matter of price-fixing.
Instead of tho alarming storlea of a few days ago assertions were mado
that tho price of finished steel products would bo fixed nt $6S, and that copper
would bo taken at 23 cents a pound. Tho upward movement In tho list extended
over a wide range. Texas Company tnudo a gain of more than 0 points, whllo
tho two leading copper stocks, Anaconda and Utah Copper, both moved up
nioro jhan 6 points.
United Stutcs Steel common returned Un market leadership and after
selling at lOIH showed tho way for other steel industrials by steadily advancing
until Its prleo crossed 109. During tho morning Pennsylvania Kallroad told
down to -Sr:i, tho lowest tilueo 18D5.
Tha gains mado ln tho various speculative Issues did not, liuncvcr, fully
Indlcato the buying power which was displayed from tho opening. 1'uylng
orders camo lu a flood from what tho Street calU "bargain hunters," but thcro
was also a demand for largo amounts from banking Interests and Important
financiers.
Only a small part of theso orders vtcrc executed, as tho market quickly
passed abovo tho prleo limits at which the orders were placed. Tho bears had
llttlo to say about tho rumors which vcrc current yesterday, as most of theso
rumors proved to bo without foundation. Investigation of tho report that a
measuro would bo introduced into Congress to close tho ritock ISxchangc proved
tlto report to be wholly baseless.
CJovcrnnient bonds wero generally steady at the low levels prevailing for
so long u time. The Liberty Loan declined from 99.t;o, but quickly rallied-
-7-
NEW YORK STOCK SALES
t
v:
n5.i.SJ'
'38.'
llleh.
AJax Kubbcr ...
Alaska Gold St.. "
Allls-Clialmers Co 2 Hi
do pref S'"51
Am AKr Cheat.. Sfl
Am ISr-ct Sugar. .. sits
Am Can 1014
do pref . . . . .. .I0H
Am Car & Vdy .. nsli
Am Int Corp .... St
Am Cotton Oil .. 31
Am Kxprcsq OR
Am Hide & Lea.. T!
do pr 30!i
Am Llntced "!1
do pr 5!'
Am Locomotive... 0111
do pre: 10!
Am Malt pref '.s
Am Snifltlng M
do pref A 0"
do prof U J
Am Sinn Tob ts'a
Am Steel Kdry GHi
Am Sugar I"?i
Am Tel A: Tel 117H,
Am Tobacco ISS'.i
do pref new t"t
Am Wool !7'i
Am AVtg Paper pr. 30',
Am Zinc & Lead., ls'.i
do pref SI
Anaconda 'O'U
Atchison 7ti
do pref '"
Allan Gulf & W I.liH)
do pref 1
Baldwin Lolo Co. .,!)
do pref !I9
Haltlmoro & Ohio. UBM
as
1
mil',
108,i
hi
100
94
29?i
17
.lBOl-i
. 10
. 83
.113
. 33'K
. K0',i
. Slits
. OTx
. 29 U
. iim
tOJii, lOJJ'i
.1IMI J0.:
S3
it',
17
7i
Barrett Co.
Batopllas Mining
Bethleliem Steel.
do B
Brooklyn Rap Tr
Beth Steel pref. .
Burns Bros
Butto & Sup Cop,
Cal Petroleum . . .
Canadian Pacific ,
Col Packing Co.,
Cent Leather
do pref
Cerro do Pasco . . ,
('handler Motors. .
Chesa & Ohio. ...
Chi Cr Wist
do pr
Chi, M & St P ...
do pr
Chi & N W ..
Chi lllil'to
do tl p etc..
do 7 p o t c. .
Chill Copper . .
Chin Con Copper S3i
Col Kuel & Iron .. t."
Col Gus & Elec... 3Haj
Col & South 1st pf 30
Consol Gas 10 1H
Cont Can oo
Corn Products.... -tVt
do prefd Wj
Crucible Steel.... G7H
do prefd OW
Cuba Am Sugar.. 170ti
Cuba Cane Sugar. 29H
do prefd H7
Pel and Hudson. . losii
Denxer & It G.... S
do prefd 1 1 Vis
Domx Mines ....
Distillers Cecrts.. S3 U
Urlo S1V
do 1st pr , 3l'!4
Klkhorn Kuel .... 2S
Gaston Williams . 38i
Gen Klec H7',i
General Motirs ..lVi
Goodrich, B V ... Wi
do pr ln
Granby Mining .. 79
Greiit North pref.lotu
Gr North Oro subs 31
Greeno Can Cop . . 40
Gulf Stato Steel.. 101
do 1st pref . . . . 10
Haskell & Barker. 37
Illinois Central ..101
Int Agrlcul pref.. 4,a
Inspiration Cop. . . 84
Jnterb-CoiiH Corp. 1
Int Ilarv of .V J. ion
Int Mer Marino ., 31V.
do pref no?
Internl Paper .... 27
do pref bta .... 0V4
Int Nickel 30
Kan City So...... I8?i
do pref so
KellySpHngHeld.. 47
Kennecott Cop ... 4 1ft
l.acka Steel ..... 3
Lake Krlo & W.,. tSft
do pref .......
Lehigh Valley .... 60ft
Lee ltubber & Tire loft
Llg & M T rights. 1ft
do pref lllft
lrlllard P pref.. Ill
Mackny Cos pt .. l
jjax Motor SS
do Ut pf 0
dd 2d pf ...... 10ft
Mcx Petrol ...... 01
Miami Con Ccp ., 31ft
J.IM fi) T r. S S M, .100
Low.
00",
tft
23
Sl'.'a
8li
S3 H
aft
10S
8',i
,",3
.11
OS
1 t-v,
ss
23
,-.7i
ft
ID'J
r,3',i
:iOi
9(1
tn)
42 Vj
fl-J
inn
lts-ii
llft
uu
4t'i
29
l'i
31
fiSft
!3
OS
tlft
1,0ft
S3
1)9
lldft
9 3 ft
I
1IIH
101
flllli
100
90 ft
27 ft
10 ft
153ft
3H1
7!.
113
32 ft
Vt'-'3
J-
2Hft
C2T
20
0314
10ft
30 ft
13
37?i
SO
103
SS
27-y,
01 ft
fit ft
OSft
170 ft
27Vi
S3
100ft
S
lift
9ft
21
20ft
30 ft
21
3H
111ft
ion
1.191
103
7K
102
32 ft
10
OX
1VH
3ft
100
13
10ft
"ft
10H
30ll
S81V
2.1ft
01ft
3.1
IX
SO
44 ft
30ft
7H
l'fft
SO
ssy,
to
i ft
in
in
61
31ft
7
"ft
7
3Sf4
100
Close
03
4ft
24ft
81 ft
SO
rst;,
10',j
inn
OSft
33ft
31
9
12
31 ft
23ft
39
01ft
102
3ft
9 111
90
1)0
13ft
01 ft
109ft
117ft
10.1 ft
101
47 'i
2'.)
18ft
SI
08ft
97ft
9.1
1U9
00 ft
.19
90
00ft
97 ft
I
lOilft
ltio'H
ot
100
1)4
29 ft
id';;
1.10 ft
in
Sift
113
33 ft
Kllft
30ft
'x
29 U
01
lOSTe,
100
27-Ki
S3 ft
0 1 ft
17 ft
33 ft
1.1
.18
SO
101 ft
90
2ft
90 ft
flOft
OSft
170ft
20
83
103
8
lift
Oft
2tft
21ft
31ft
24
38
147 ft
107
4.1ft
103
19
101 ft
31ft
40
101 ft
108
30ft
101
45 ft
S3
9
I0H
31',
90
7
'
00 ft
30
I8ft
SO
17
lift
81
Nit
lOHO.
3
Mft
IT!.
2ft
J- I ft
' 1
J-2 ft
lft
f ft
lft
ft
lft
-'-3 ft
3
lft
3ft
-I-lft
-- H
4-2ft
Hi
-lft
-I I
J 3ft
r I Vj
4-'s ft
-i ft
-I
ft
H- ft
2!i
3
2ft
J
tft
1
ft
ft
3 ft
ft
I- ft
lft
ft
-I- ft
fl
ft
1
-r ft
1- ft
ft
lft
H-'-'ft
3
3
"ft
2ft
ft
Sft
I-lft
Hill;
!
1'.
ft
ft
lft
lft
lft
3
lft
ft
1
1
2
lft
'
t
ft
1
2ft
2
ft
ft
1
r lft
3
3
i ft
4
1
3ft
lift ft
20 2
lft
ft
3ft
19
lft
HI
111
61
'33
68
18ft
01
ft
1
ft
ft
ft
ft
4
31ft Sft
100 ,,
lllsll.
Mo Kan & Tex , . .1
do pf io
Missouri Pacillc . . 29
do clfs .11
Mont Power . ...innft 1
National Biscuit. .10?'
Nat Cni Cable... soft
do prof 101ft 1
N'at LniMil ,V Stpd 38ft
National Lead .. 82 ft
Nevada Con t'op 22
New u. To S: Mcv 33
N V Central 77ft
N V N H & II... rioft
N Y O & West 20 ft
Norf & IVe.'t .... 1 13 1
do pref Sift
Nor Paclllo I "Oft
Ohio Gas t
Ontario siher . . . Uft
Owens Hot 91
I'enn K H sift
Pt nn It P. sift
Peo Gas & C 71
Phila Co 31
Pitts lYest 20.
do pref 02
Pitts Coal ctfd.... soa-,
Pleree-Arrow pref. 0.1ft
PrrFsed Stcrl i.'ar. 01 ft
Pullman Pal Car. l.lsft I
Bwy Mel Spring, to
Itay ion Copper.. 20"
Iteadlng s.-.b
Kcp Iron i. Mecl.. 82 "
do pri-f mi'
Koyal Unteli 07.
Saxon Motora .... 1:1
St L K V IS'
Seaboard Air Lino 1 1
Soars ltoebuck . . .lot
Savago Arms .. 73',
Shattuck Ariz ... 231
Sloss-Sheff S H. I. 4.1
Southerli Pae .... 91'
imp Mecl 37
do lft pref lflij
Southern is It sov
do pref 32'
Sinclair Oil na'j.
Studebaker 40
do pref 911
Stutz Motors .... 3!)'
Teun Cop & Chcm H
Texas f: Paclllo. .. 131,
Texas Company ..107
Third Ave IS IS'. . 10!
Tobacco I'rod .... 73 v
di pref 103
Transuw Williams. 10
Twin City It T. . . 81',
ln Bag & p new. ;
I'll Bag &: Paper.. Ill
Union Pnclflo .... 1301
do pref 77'
United Alloy steel 1:1
L'nlt C gar Stores 110
United Prog 71
do Ibt pref . . . .1:1
Unit Paper Board 21)
United Krult 139
U S C Ir P & V.. 10'
U 8 lud Alcohol.. Lis
U S Bubber H
do 1st pf iota
U S Smelt & lief. 1101,
U S Steel 109!
do pf ll!)
Utah Copper .... 99!
Utah See Corp ... 13!
Va Car C'hem ... 371
Va Iron C & C . . . o
Wabash 101
do pf A 47!
do pf B 210
Wells Kargo Kxp. 92
West Maryland... Ii
West Union Tel., 89
Westlnghoiiso Mfg 4.1
Woolworth 118
Wheel & L 13 .... IS"
do pref 27
Wilson Co 01
White Motors It
Willys Overland..-28!
Ilx dividend Itall4
f erred, l"i.
Tolnl rate. 1,I2IJM)0 lure., eomiiared ullh
1.010.910 i-liure e.terdai tliii', (arm,yr'
2.133.I00 nhuresi fame period Ij.t vieek, 838;ioo
I ft
1
l'ft
107ft 3!4
110ft
Hteil Sprlnsa pro-
LOCAL MINING STOCKS
TONOPAIl HTOCK8
,. , IIM
MaeMHinaru , ij
Midway ;, m
MUrmh Hxteuulon ., ,0H
Montana is
Northern Star on
Ileecuo KuU , 13
Asltrd
.1.1
GOLDFIDM) STOCKS
.,,,.,........,, .01
. .... .u..
niuo Dull,
llooth . ..
Combination Fraction
uiamononeio -ii'.ii ,03 -h
laUy !.., oa 'nJ
Oro ,,, ,di ;,,;
Haiidatorm Ivenda II ,.,.,.,,,,, ,o- '.-
Sliver IMcli ..;.: ;,,j '"-I
MiaCELUNi;oU8
Arizona United ,.., ,.1 n
Nevada Wonder ........ 1 2 "l
Tecopa Mlnluir .........,.,..,, ,30 "33
(Jold for South America
NKW YOKK. Sept. G Gold coin to the
amount of fSOO.OOO has been withdrawn
irom uic, Buoircasury for ehlmnent tu
CURB UNAFFECTED
BY THE BIG BOARD
Nearly All Industrials Maintain
Steady Tone Midwest
Proihinent
NKW YOKK, Sept. 5.
Price movements on tho Broad Street
Curb were narrow and moro orderly limn
on tho Stock Exchange, tho outsldo market
being Immune to unsettlenicnt resulting
from tlio money situation. Neither tlio
business of the corporations whoso stocks
are traded In on the Curb nor the market
valuo of tlioso stocks seems to bo disturbed
by the contraption In banking accommoda
tions, ns the corporations aro supplied with
funds either by financial afltllatlons or
Government agents and tho stocks In gen.
era! are selling nt so low a level that
buyers pay for them In full without re
ceiving banking nld,
Nearly all the Industrial Issues showed
n sternly tone, although there wero periods
hi Milch declines occurred. Midwest Ho
lining was forced Into prominence by tho
announcement of the rights to subscrlbo
to new stock at $80 a rhare lo the extent
of 25 per cent of present holdings Theso
rights were quoted after noon nt Si to 23
Midwest IteOnlng stock, which opened at
163. dropped to 1S9. Tuxpam Star was
steady, with Increased Interest attached to
advices about tho development ot tho'prop
erty. Mining stocks were moro nrtlvcly traded
In, with sales of Magma at 41, and St. Jo
seph Lead at 18?! to IS1. Advices from
nfllclals of tho California and Jerome Mines
were favorably construed, with most at
tention paid to tho reports of work on the
newly opened ledge. Butto Copper and
ZI110 was Fteady, with sales at 9 to 8?,.
IMIIJSTHIAI.S
Tee. rlos.
Asked. (Sale)
I Sales in Philadelphia
Net
lllsh. Low. Close, chge.
Am Milling tft
a Am Kyii pf.. soft 89ft oft ..
30 Burr & s pf, bo so so lft
19 Cambria Stl.ISS 183 18S
23Ches & Ohio 68ft SSft 88ft ft
ItOEloo Storage 00 88 60 3
SOOlCrlo 20ft 20ft 20ft ft
70 1ns Co N A. 28ft 23ft 28ft ft
loKenno Cop., toft 40ft 40ft ft
48 Key Tel Co. lift lift lift ft
3010 Lk Sup Corp !0ft 18ft lft ft
2.1 Lehigh Nav. 7,1 7,1 78
SOLeh Volley.. BOft 89 , .89ft
SOMIdvule .... 83 .13 83 4-lft
loNev Cons... 31ft 21ft 2lft ft
2S2IPenna It K. Sift BOft 81ft ..
lOPhlla Co ... 33?i 33ft 33ft 4ft
07PhlIa lilcc. 29 28ft 28ft ft
1270 Phila K T 10 29 28ft 20
SOPhlla Trac.. 77 77 77
440 Heading. .. 83!', 81ft 83ft lft
10 So Pacific... 00ft 00ft 90ft ft
200 K Hallway.. Snft 26ft 20ft ft
955 Ton Belmont ft, 4,', If, ..
438 Toil Mining. Oft Oft 6ft ..
SO Union Trac. 41 41 II ft
310 U OI 77 77 77 ft
11783 U H Steel... 100ft 101ft lngft 2ft
10W Jcr & S 48ft 48ft 48ft ft
STOCKS IN PHILADELPHIA EOLLOW
TREND OF THE NEW YORK MARKgS
Prices Lower in, Morning, but General Recovery Comes inl
iiiernoon ruiin&yivuiutt xvaiiroaa
Below Par
in.i.
Aetna Uxploslves Sft
Am-Brltlsh Mfg r.
Am Marconi 2ft
American Writing Paper. 3
Canadian Car Co 28
Can Car k Kdy pref.... 6.1
Charcoal Iron 8ft
Chevrolet Motois 10
Cramp 7.1
Curtlss Aeroplane 39ft
Carwen Tool . 9ft
Carbon Steel 9.1
Knierson Phonograph... 0
Federal Ie 40
Hendee Mfg 28
Kiithodinu Bronze pref.. ft
Lehigh Coal Sales 7.1
Lima Loco .1.1
Maxim Munitions ....
Marlln Arms
N Y Sh'pbull'llng
Nor Amer Pap Pulp. . .
Otis Klevatnr
Perrlcss Motor
Poole Kng
Kedden Truck
Scrlpps-Booth
S S Kresge w I
Standard Motors
Steel Alloys
Submarine
St Joseph Lead
Todd Shipbuilding
Triangle I'llm
UnlUd Profit Sharing.
V S Steamship
United Motors
World's Klhn
Wright-Martin Air 8 87,
Zinc Concent. .je
STANDAitlf Oil, STOCKS
Illinois 211 218
fllll 3t3 3.10
1'ralrlo Plpo 21.1 2.1.1
Stiind nil of California. .210 213
Stand oil of Now Jersey. .Ms ,152
Stand OH of New York.. 20 1 201
. lft
.108
. 10
. Sft
. S3
. 12
. 70
. 1.1
. 18
. 9.1
. 9
8ft
. 2.1 ft
. is"
. 19
I ft
ft
. lft
. 20 ft
Sft
10
2ft
3ft
3.1
68
Oft
71
80
40
10 ft
'oft
3.1
lft
HO
.18
lft
111
II
r..i
it
80
18
1011
II)
ft
20
lft
82
lft
ft
1ft
20ft
S'.i
11
37ft
10ft
I
HI
Oft
Sft
2,1ft
lft
ft
20ft
'ft
:i7
261
INDKPB.MILNT
Harnett Oil & Gas....
Cor-den Oil
Cosdeu & Co
UU: Basin
Federal Oil
lntfr Petrol
Houston Oil
Merrltt Oil
Midwest Kef
Mel Petrol
Ohio l'licl
Oklahoma Kef
Opage Hominy
Sapulpa P.cf
Sequoyah
Sinclair Ot'
United West Oil
OIL STOCKS
Mi 2
10
10ft
lft
lift
111
I
17
Sft
'.-j
9
U
17
u
10ft
10ft
lft
lift
13
33 ft
1.59
1ft
19
Sft
Sft
Oft
1
20
MINING STOCKS
Alaska Standard
Atlanta
Big Ledge ,
Bhibee Copper (a proa) . .
Butto Copper & Zlnu
Butte New York
C.il & Jcromo
Con Ariz
Uinina Consolidated ....
First National
Goldfleld Merger
Goldfleld Cons .........
Goldfleld Plotence ....
Goldlleld Kewauas
Green Monster
Heela Mining
Howe Sound
Independence Lead
Jciumo Vcrdo
Jumbo Ustensloii
Magnate Copper
McKlnley Darragh
Magma Copper
Mother Lodo
Mines Co of America .
Nevada. Hills
N'plsslng ,..
Ohio Copper
Kay Hercules
San Toy
Stewart
Tonopah Extension
United Verde.
West Knd Con
White Caps
Ycrlngton
2.1
10
lft
ft
9
I
lft
tft
3
Si)
13
11
ft
:
u
1,11
II
30
1ft
1.1
Kft
I
a ft
12
2ft
33
G8
ft'
21
II ON DM
Bethlehem Cs 98 ft
Cosdcn Oil Cs 03
Cosden & Co 6s .95
Cudahy Sa 9 1
Krio Si uu ft
Hussion Govt SHs 79
Kusslan Govt C'fcs 69
Todd Shipbuilding 6s,... loo
30
13
lft
ft
ft
lft
lft
'.
1
3
8.1
20
11
ft
ift
a
ift
28
V.
0.1
43
31
lft
20
8ft
lft
3ft
11
ft
2ft
36
71
lft
23
8ft
9.1
07
07
7 ft
81
71
102
10
(lft
Ift
12ft
17
33ft
too
-ft
'lift
8
9ft
1
1ft
9ft
lft
M2
6
St
ft
8ft
63
It
31
3ft
'ift
67
23
OSft
reeu-
pre-pre.
loek of
DIVIDENDS DECLARED
American Bineltern Securltlea Company
lar quarterly of I'.i per cent on eerlea "
furred and 1!, per cent on e.ries "II
ferre.l, Uoln rasMe otoler 1 to
-nonl fentember 11.
American Hnult Company, regular quarterly of
14 per cant on the preferred and 3 per cent
011 the common elecki. both payable October 1
to slock of record September II. '
llomeelalie Mlnlna Company, regular inonthlv
of 0.1 centB, pus able October 25 to iloclc of
ucnrd October 20. Hooka du not doer.
Computing Tabulating Itevordlnc fomnanv
reeulnr uuarterly .of 1 per. cent, payable Octo
ber in to oto,-k of rerord September 23
Internatlon.il Paper Company, rrauUr 'm,...
terly of 14 ixr ..cent on the preferred alock.
lUVnilltl lili'imi ' -Y' a ir-uril JflftUi
uMttnuii.llrutr)ir.
rnt und an.rxtru
rrsular quarterly
im lue.Hj, 01
of
ber 8.
.1 per
rni an ,.-.. .,.... ,w N-r cent on
'10 common etoUi. payable October 1 tu etork
r recoro nepiciuuer ,,. io reKuiar quarterly
f I, per tent on the preferred, payable Octo.
er 1 to atock of record September 17.
American Clsar Company, regular quarterly
nf l'.i per int on the preferred tock. raiiLii
October 1 to tock of record September 1,1.
American Tobacco Compeny. regular quarterly
'f IU per-cent on th preferred eloek, pa 1 able
October' 1 to stock of record September 18
Lenten Valley Itallroad Cumpany. regular
tuarterly of '24 per cent on the preferred and
..ommon eloeka., twth payablo October 13 aa
-eeleternd September 29.
V. lxirlllard t-'ompany. regular quarterly of
3 per cent on the common atock and 1', per
cent on the preferred atnek. v
lell-Sprlnutleld Tiro Coinnany. regular quar.
terly of 1 per cent mi the preferred etock, pay.
able October 1 to UM-k of record September T
fienr.e w. Ifelme Company, regular niia-,l.,V.
'of .24 per cent on Ilia common Block and IK
K'-kor record'Seotmbir'li. """ "-"""T l
.ir!
,
jtr
.L
.
r'c".
lilectrlo.
;. -
quarterly of
nmon
.-ri 1'
Storage Daltery
per cent on
Wn I'
. Total ,nlee, 2.7,16 Minim, compared with
!??!' ehnrea jeMerdiDl thu. far this week.
UJiio sliurem tame period lint week, 18)99
eharee.
IIOMIS Net
lllsh. Low. Close, chge.
$1000 Key Tel 1st
Cs 01 01 04 1
27100 Lib Bond w I ,
99 80-100 99 60-100 D9 10-100 20-100
4000 Penna Co
tons 4 '.is, 100
loo Phila Wee
1st Cs ...100ft
2000 Heading gen
1s 87ft
0000 York Hwy
1st 8s ... 9.1
100
100ft
87ft
100 lft
100ft ..
87 ft ft
9,1
95
Total
sr.lerrimt t
period l.isl eek, $74,830,
ale".. 513,800. compared -"It" $63.8.10
hue far tbl week, S107.S50I fame
Local Bid and Asked
Today
Bid. Anked,
American Stores 31
Halduln .-R!4 nn
Hrlll J 17 23 2S
iiurr & sujq. t o .1.1 fit
do pref r.n r,2
Klertrle Storage ." tin
Uoneml Aenhalt 1S'i 20
do pref Ml 111
Kejatmie Telephone.... 11'i 12
do tr rlfa rt.1 CS
t,ke Superior Corp.. 11',, HI',
l.ehlffh Niitcatlon ... 7S "0
I.ehUh Valley nn'i 811'i
I'enne.vlvanl" M M',
I'hlla Illectrle 2s4 29
Phila Compiiny 314 "14
do ,1 per lent pref... .12 .IS
do 11 per cent pref... 37 Its
Phila n T tr ctfs 2n',i vti'l
Readlne :i M'l
Tonnpih tlelmont .... 44 4'J
Tnnnpall Mining 64 ''4
Cnlon TrHctloi 4,1, 441,
United Has imp 7fii "7
IT S Steel lllS'J IDS-;
York llllay 1:' 1.1
du pnf 3114 .17
m Cramp & Son.i. ... 72 77
Yesterday
Bid. AeVed.
3.1
fiS
21
M
SO
ns
isft
.Ml
lift
0.1
HI',
?.'n
M'
2S'
3.1'i
12
.1"
js'i
(.'.'
4i'
r.4
2S
nn
r.2
r,'i
20
t.o
12
n4
"
.-,04
.114
23
4'i
'J!l
eS't
14
ii
ins
12
:p,4
14'
77'
in:
It
37
79
!!
INACTIVE I'HILA. STOCKS
Following are quotations for inactive
slocks llsteU on the Philadelphia Stoo kKx
change and lu which there were no trans
setkins today. Tlio price given i3 tho last
previous close:
Alliance Ins
do pref
Amer t.i
Am Ga var. . ..
Amer stores ....
Hall l.oeo
"rill .1 17
Putt A Suki t r..
Cambria Iron , . .
Cllanlvsa let pf.
Con Trao N J...
Ueu Aeph'ilt ....
I., prof
Key Tel pre(
Leh Vl Tr
do pref
211 I.tt llro.e 21
tld Little Schuylkill., hi
ln.Vj -Mlnehlll as'i
14 North Central ... S3
374 North Penna .... no
il renna Suit PS
20' do pi, f 3S
SS T'cmi Trjfflo 2!,
43 Pfclii Co cum pf 38
82 V ft T 2''
71 fn l-oa of N J...21H
211 IV N Y & V 21
Ml Vent Cool 7.1".
'"4 Win Cramp S2
274 York I.wis 11
45 do pief 37
New York Bond Sales
lllgQ
12'MM Ad.ilna Bprr; ts.... 72
lnoii
1134
PV1
35ii"n Anglo-Kretiob Ss
Soon Am Porelgn He r,a
111 m Smelt Itef Cs
.'CO ,m Tel ot 4 s-,y,
";'. io so u7
'' do i.vt 14 b !'f
10"oO Am Writ Pap-'r ".... VI4
iiiMHt Armour Co 44 .... M4
7l)0 .MnhlBoll PCU l SCi'i
200O Halt a- Onto fiije ltd
llioo ,l :,a JH
,viuu d t sr;
liioiio do ev 14 n s(4
130110 Ilrook ltnp Tr Sa 1918 !l4
1000 Itush Term ltldg 5a... i-:'4
17'i'K) Itordeaux lis 91
I11011 rnt District 'M .... list;
10011 Cent leather 1st 8a.. US'.,
.100 Chill Copper 7s 113
2000 Chs ". Onln ev 14 s.. 77",
41100 ,io conv S s.'i7,
anon fill I'n S'a 14 92 Vj
lliilllil Chi IJ U Joint 4a M
lnnii Corn rroducis Sa.CIs PS4
4IKPH Chi Jnd & West 4e l(i'
moo c M It st i- rid 4"js.. ".iii,
inrm ,iA winv
Uiono do cv l'j
180OH Chi It H r rfd 4i.
.1000 ciece Sh Lin" 44s.
soon Col Indu-trlal .-,. . .
,'iiOrt Col L South I4...
S.1011 City of I'arln lis
r.ofio Con linH conv i'i .
3000 Cerro de Pasco tie..
2fili0 Del ( I lud conv r,e
IllOO Del KdlBOll lt r,'-33
".000 Din Recur Corp ,1e ..
3M00 rreluh Ilepublle 7,'ss
.1011(1 III Central 4a 1953 .
I01111 Interb Met 44 e . .
r.ono Interb U T ref B...
mono inter Mer Mar Oh..
3000 Inter Asr Ss
2100(1 Japanese 44s ..,..
1700(1 I.Bi-ka Steel .,...
1000 Lal;e Shore kcii 34
MOD do Jb 1931
7noo Lou
4onri do
Noe.li k'en Oa.
4b
94
. r.94
:?
. (14
.11)0
.H'S'i
. n.-,
B.ino
;7'o'1
62
, S!l
92
M'i
, ss
, 98
9t
, 904
1104
Ml
2 1 02.100 Mh IIoihIb w I 3fta 90.01
.11000 Lv una Os 04
41000 Mirsellles w 9
1000 Minn t, St I, n .... 47
2000 Met West of Chi 5b. 914
innno Mo Kan A T Sa.. .. 834
loon Mo Pac W 1. Ss 1923 03",
13r,onn Mo Pac cm 4s 7
7000 Montana Poer ui ,. li.l
1.10(10 N O Tex 4. Mx 3s.. 414
r.ono N Y o it II 34b.... on
nono n v i" "uu 11 . .
innn do 44 s ........
ynnn jj y citv 4 l57.
r.non do 44 mot ..
food do 44 b Nov 10o7
10(10 N T N 11 it ".'.T
r.nnn N Y Tel aen 44 b..
n"n Vo-f West 4s ...
r.nno Nor Tac
pooo Nor Pan 1 .b
4r,nn Pirlflc Clas .',..
1700(1 Pnna pen ct 4Vjb...
1nnn rnna ret Ss
Stionn Penna en 44b.
2000 Pub Serv N J ,1"
finoii Heading Oen 4
llioo Jlep Ir lud H Si,,.,.
8000 St L and S V ajt...
27.100 do Per A.........
noon St Loula wn lt 4".
1000 Seaboard A L adl fie.
r.ono do rfd 4
1000 South Hell Si.. .,
14000 South l'ac cv 4a
20000 do CV I'M
moon do rfd is.........
1200(1 Snuthn By gen 4s...
-lu-.f, Tvrii.rfl HI. ........
34noo u s ltubber Ss MS
r.nftii do Oh ..,.. Jfl
Siioo I' H H and n b..,. 1024
41000 IT. a. Steel S P na...,1034
r.oo Union Pacific 1st 4s.. 00
;non do c 4b 574
lliono V K of OU and I Ss.. 08
1 20(1 do r.4a 1W18 I'ft.S
OPOiin do r.4a li,.-,.-..n41
0S000 do 84 .new 1019,, BOU
ITCiin do AV a 1021 IMS
soon Va llwys Sa. P.-.4
1000 Weft Mhorp 4 I2
Totnl ale. Sl.814.000. eoinoared wllli gl 810..
COO eterdl thu (ir !" veek, J8.864,00Oi
sinio period last )eek. 81 383.000.
NEW YOKK. COFFEE MARKET
NEW YOKK, Sept. 6. Coffee futures
opened fairly active at l'to 2 points' de
cline. Sales on the call amounted to 7800
bags, operations being .confined to .Decem
ber and May.
11 4
.101S
. ai
. 1134
. 85S
. SO
. sits
. 92
.10(1
.11)0" t
. Si'.'i
. K7i
. OS
. 04
. n
r,'i
.11
1104
1 4
814
OS
M
6.-,
.102.
Low Clota
72 72
ll'OVi 1004
93 93
tc4 9,14
Ss4 R(4
ss4 s-,4
J1'I 97
I'll P'l
SO 80
Ml 4 M4
MI4 Sfl'i
lot lot
91 91
Ml', SI'i
St SI
PS'l I't'l
S24 R2Ti
934 I' I
li'iis loos,
I'S', 9S4
11:1 11.1
774 774
S3 M
924 924
9.14 PIS
95 08
inns in
80S SOS
944 1114
8S4 H'i
ls4 (.04
9(1 fid
774 774
IKS 7SS
925 94
in.-,', inn
MS!, 1054
91 ns
jn. 100
1.15 734
7r,4 7S'.J
02 (12
4 SS'i
nns 92
7.14 7.14
SS 88
ns ps
91 91
o'i 904
1104 1104
SO 86
90.60 90.03
934 91
9.14 Ot
47 47
lit 1114
r.svi r.a'i
II3S 93S
.1.14 .17
93 93
44'i 44S
974 984
8.1 S3
014 9l!a
91 94
074 074
1014 lots
nt . ot
1134 034
874 874
sr,4 8.i!i
89 89
80S 80S
914 92
100 100
nns, fo4
RII4 80S
874 874
OS 98
4 -64 ,
nns nos
H.14 S4
, M .14
1104 1104
l't'J 944
814 KlU
944 9.1
Rl 81
H4S A3
1015 101S
824 824
101S 1IHS
1 02 102
103 1034
90 90
874 874
07 974
994 904
944 944
90S 09 7it0
90S OXS
PR'.i pr.'i
62 82
September . ..,
December ,i.
March ..,..
May .,....;.,.
July
Otwii
', i'.is
.. 7.03
. 8,12
, 8,23
High
7.50
7.77
7.91
8.13
8.20
Yest.
Low Close close
7.48 7,45
7.72 7.73
7.61 7.98
8.08 8.10
8.S0 8.22
7.4B
7.77
f.
8.13
8.20
Extra for Gulf States Sieel
NEW YQKK. Sept. 6 Tho Gulf States
Strel Company has declared a quarterly
dividend of 2 per cent Ott the oommniv una)
f0?"."; rular I on 'extra, dividend of dno-'half of J per
fommoii atorka. payable October I f fjftsrk of cont' Paa'l",, -"l?Dr A Jo Block of record
KP' 'CVF .
ssmJ,
Wall street dominated trading on the
Philadelphia Stock Exchange' all through
tho session today. When the drlvo against
prices was continued with', tho opening of
the market In New York,' traders hero sold
some stocks, with the comc'iucnt result
that thero were losses all through tho M.
Homo stocks, speaking collectively, held
up well, losing only fractions, whereas the
arbitrage Issues, which are more under tho
influence of operations In Wall street, modi
some sharp declines. In tho afternoon,
when the general recovery was under way
m now yorn, tho market became better
here, and while atl of tho losses wero nol
recovered, a good many of them wero. At
tho end of the day tho table of changes
presented an Irregular appearance.
Tho market hero vvos broader than yen
terday. Tho bulk of tho trading, however,
wan lit four Issues, namely. United States
Steel common. Lake Stipcr'or Corporation,
Philadelphia Hapld Transit trust certifi
cates and Pennsylvania Jtallroad. Of there
Pennsylvania held the bulk of attention,
1 ne sircet was treated to the aneei ' a
rcuusyivama telling tbroueh .T"
transaction on which tho low V. ' '
being in New 1ork nt 49 i. This Is 1 ih 7
,'!"?," A"-!"'? thi tho rtSte
"1"-" )" cniisyivan a In n. r
1911. sold as low as tll. and dne?emb,r
pnnlc of 1907 the low quotation Z?fr
In 1893 the low price, wan 48J Vas .'
loss was recovered and none 11. J ".'
3J above tho final of yesterdav ..""
tin. i . ':?
: .".. I'-
niallV took lllln rani:l,lr.il ..."' M
Friday It sold ex tho dlvlHen,. .0W 't",
cent. " "' per;
Tho widest loss In the home eroim w '
-e,rlili-i,l In PI,II.,1.... ''" aUp U
1 , .- ""uijiim v-ompany. xiUm.
declined 4 po nts. but this occurred onta. l
was
gain of 4ft points from
looked dieap to many lu
01 tc snares. i.ni c. r. '
sale
helped In bringing up Its largo tot.i H
ic.ison or tno fart that a block of i2
iharcs was rold at tho low of IB'i. 'il
COTTON ENDS HIGH
AFTER GOING DOWN
Market Turns Steadier on Im
proved Demand When Wall
Street Interests Cover
NEW YOKK. Sept. C.
There was an improved demand for cot
ton today, which improved tlio market, al
though ut one time tho tono was weak, on
a more favorable weekly weather report
than had been looked for, most positions
making new loans for Hie movement after
lt3 publication.
Trading was only moderately active, anil
there appeared to bo a disposition to wait
for fresh developments.
The market turned steadier In the after
neon on covering by local npd Wall Street
Interests. Tho Improvement In stocks was
a rentlmcntal factor on tho recovery of
alx..ut S3 .points.
Texas advices stated that fanners wero
being advised by Stato officials io ware
house their cotton and hold for higher
prices.
Spot markets wero ofliclally
to 100 points lower for tho day.
Cirtober.
December
January. .
March....
May
Spot
Yes. close. Open, lt'gb.
21.02 20.110 21.15
20.88 20 ss 21.10
20.SO 20.7.1 20 93
21.10 20.9.1 21.11
21.10 21.10 21.21
22.0.7
reported CO
Low. I.nEt.
20.7(1 21.14
2(157 20.98
20. 3 20.03
20. OS 21.111
20.78 21.21
22.1.1
Liverpool Cotton
LIVERPOOL, Sept. S Spots were quiet,
with quotations 60 points lower. The sales
v.ero 3000 bales. Receipts were 15,000 bales.
Including 31,600 bales American. spot
prices were: American middling fair.
18.60(1; good middling, lS.lOd; middling,
ll.60d; low middling, 17.10d; good ordinary,
lC.lsd; ordlnnry, 15.65d.
Bur Silver Up 2 Cents In New York I
-""' "'""w "ere recorded I
bar rl'vcr in New York and I.nnrt ... '
ln the former city the price Jumtied '
cents au ounco to 95, cenls, whe in? ' ' '
den thcro was a gain of 1 pena, t ft?
iioiu in mo n 10 nuw msn records slnca lift
Comparisons follow: ""il.
Today. Yea. Ve?h ltlirhH7
New, Yorl: frents) n.Vi 934 mL olaTW'
London tpence).. 4S',5 4714 451 Jjjj 1S
Federal Hcservd Bank at Denver
WASHINGTON, Sept. 6 Uslablkhm...
ot a branch or tho Federal Reserve bv
of San Francisco, at Denver, has bceni
nounccd by the Federal Reserve Board.
Tho new Institution, which has not m
been organized, will tako caro of tha iniiT
mountain territory. mu'
MONEY-LENDING HATES
N15W YOIIK Money on call opened at
4 per cent; high 5, low 4, last C, closed
I'd 5; ruling rate 4ft per cent.
rillLAUEirilM Call, 5 percent; time
3(jjDi per cent, Commercial paper, three
lo four months, B4fo-5ii per cent; six
months. D'rt5:ii per cent.
BOSTON Boston banks have marked up
brokers' call tioney from lft to B'4 per
cent.
LONBON Money, 3", percent; discount
short bills. 4?i per cent: three months
bill.-, 1 13-10 per cent.
DANK CLEARINGS
Bank clearings today compared with corre
sponding day laBt two srais-
1917. 1910. 191.-,.
n7.84H.I3S n.R02.7.1 25.r.no.TIT
Philadelphia .
kow y orit .
HOHton
chlcnco
St. Louis
t...742.0-2.234 nsi.82,-,,4o 352..12.1.R35
. . . . 142 4-0 Hits f ! If -'.ifs 123 ilSh-JM
. . . M.dRf. -iPl 74 l"7- iiU,ll,SI4
.... 21,345.01.1 17.334.SI3 ..l...
FOREIGN EXCHANGE .
NEW Y'ORK, Sept. 5 Tho market for
foreign exchange in tho early dealings today
had a somewhat nominal appearance. Swiss
and -Spanish exchange appeared rather
heavy, but without quotable change.
Quotations wero:
Demand sterling checks 4.7514, asked
4 7355. sixty-day bills nominally 4.72,
ninety-day hills 4.70.
Franc cables 5.76 V,, chcck3 C.77 3-7.
Lire cables 7.02. checks 7.63.
Swlis cables 4.69, Checks 470.
Pesetas cables 22.15. checks 22.0.0.
Guilder cables 42 1-16. checks 41,.
Ruble cables 17.12. checks 17ft.
Stockholm cablis 33.70, checks 33.30.
Chrlstlanla cables 30.85. checks 30.60,
Copenhagen cables 30.60, checks 30.35.
Lead Price Reduced
NEW YOKK. Sept. 5. American Smelt
ing and Refining Company reduced the
prico of load from 10 '50 to 10c.
mm
It Tells
the Story
"CURB NEWS" with its 1G pages.'
of news, comment, Illustrated fea-'
turcs, statistics, and analytical ,
information on the stocks of the
New York Curb should bo read
by every investor. ,
The current issue contains:
"Coinlnc IhenlH Among Curb
Stocks" An outline of develop
ments uncompleted by var'ous
mining, oil and Industrial com
panies that may havo impor
tant bearing on futttro produc
tion. "The MM-rnntlnenl Oil 1'leld"
Great Oklahoma and Kansas
territory leads all other districts
of the United States In produc
tion of petroleum.
"Jerome. Arizona A Ilcclilre of .
Activity" Millions being spent
In the faith that the old Verde
Dlsliict will not remain a two
mine c.inip.
A Special Analytical Report on
CRfcSSON GOLD
(Crcsson. Consolidated Gold Jlining
A iHltlnii Company)
"OrTlllo Wrlglit" Younger of
the famous Wright Brothers
the pioneer air men of America
the llrst to fly hcavler-than-alr
machines.
"Mid-Summer Trodlng on the
New Yurlt Curb" The July and
August period for 1917 showed
-enia-kahle Increase In volume
of transactions over correspond
ing hot-weather months of 1916.
Send for "CURB NEWS" 752-T.U.
JONES & BAKER
STOCK mtoKEns
Widcner Bldg., Philadelphia
Bell, Walnut 1090.1.
Ke stone, Jtaca 2290.
New York Boston
Chicago Pittsburgh
Direct rrivale. TTIrrj.
JOSEH Si B.IKVU.
1frfncr Ublg.. Philadelphia, pa.
Send me 5 our "CUItr. NElVH 762-T. V.
?Vame
.liMrrss
Cilv Stato
jqiH3r!:iH!!l35lilllll!!!B!lii!;yif!C!i!!J5K3i;i:3i;i;ili!ll!ClilI3liil!!
Many Oil Experts Are Convinced That Any
PRICE FIXING
legislation on oil will be highly conservative, so that U10
utmost production may be encouraged.
Demand i"or oil greatly exceeds the available supply,
and a Blackening of efforts on the part of producers' would
bring about a critical situation.
Any favorable action from Wnsblncrtni, ;,. i,t ,t.-
would find almost immediate reflection in the market for
good oil securities. Stocks of strong companies in a posi
tion not only to produce, but transport, refineand market
their own production would be most in demand.
BARNETT OIL & GAS CO.
h Producer, Carrier. Refiner nd Digtributor and Pay.
?i!Bi,.ar w'lT-nf dV A FinaneIl Statement to Be Issued
Shortly Will pUclose an Exceedingly Stron Poiltlon.
three new Well. Have Just Been Brought in Averaging
60 Barrel. Each Daily. This Make, a Total of 46 Pro"
dueing WelU Owned by the Company. At OirrenJ
Level. Barnett Should Be Purcha.ed IMMEDIATELY.
The Closest Invettigat!-.- '. Invited.
Send f or. 68-Fage. Illustrated Book and Letter H-l
STOCK EXCHANGE BLDG.
PHILADELPHIA, PA.
PHONE 1149 sprtnriK
MuiyiuN it. ALEXANDER, Resident Partner
NEW YOIIK NEWAtlK ....
E.H.CLARKE
SCHANTON
Brown Brothers & Go,
Fourth Am Chestatut Strects
PHILADELPHIA
-m
Commercial Letters of Credit
.For financing purchases of merchant lahe UkiMj
"''SSSffi
9:
1- 'tf-'X-!
Si5.
I
.'
.'At r
WW
vrt;