!gP15PF Kfcnsae tpgiqi .: V A r.: 16 EVENING PUBLIC LEDGERPHILADELPHIA, MONDAY, JULY 14, ,1919 NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES V we w L y IS- K r? I K Ik If ms &- IV ft is. ? $1? u CsmPirotlcrV Cnll Jnne 30, 1811) (Condensed) RESOURCES Caiih & lie-serve . . . J7S2.21S.71 Due from Banks ... 673.029.01 Loans H Investments. 7.028,439.91 Real Estate 120,700.00 Total $8,601,385.6(5 LIABILITIES Deposits $5,490.246 26 Rediscount (Liberty ,... Bond Collateral). 1.30S.B.. oO Circulation 26 ,,99, 50 Reserved for Taxes and Interest .... 25,.93.3o Capital, Surplus & Undivided Profits. 1.511 71 or, Total .$8,601,385.66 tTm. 4. Mont-tomery. I'rc-d'lent riamiiel llrll. Jr.. Vice President Charles 11. Cooke. rnhler John 1). Adair. As;'t "filler Mm. A. Nlfkrrt, Ass-t fn-irr HEAVY BUYING ORDERS GIVE IMPETUS TO NEW YORK TRADE Testing Operations by Trading Element Cause Some Irregu larity in Unimportant Issues High Points in Today's Financial iSews Trading on the New York Stock Exchange maintains the same tremendous pace. General Asphalt and Lake Superior arc leaders on the local exchanRc. Heavy dealing in United Profit-Sharing in the Curb market. In the market for Foreign Exchange, sterling falls to an absolutely new low level. Philadelphia Clearing House statement shows, gains in local loans. Shnrp recessions occur in the corn pit Cotton is off. Commercial bar silver is higher in New York and London. niiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiD The Investors' Opportunity On account of the world-wide de mand for money and the resultant high r a t e s, the most conservative bonds are today o b t a i n arb 1 e at prices that would have seemed en- New York. July 14. Thr- tctinR operations by the tradinp. elemenfon the strong opening ranged a certain decree of irroculnrity in unimportant i-sue, but could not overcome the impetus of nootiniulntrd buying orders. The advance covered a wide range with Mich an exceptional rise of more than 14 point in Crucible Steel. The buying in thi stock, nccordiug to gos-ip. was for the interests that had been conspicuous some time ago in the lie in Hcthlchcm Steel "It." Other advances included I point., in I'ennsylvanin Seaboard: nearly 4 points in Central Leather; ."i points in Stromberg Carbureter: nearly (! pointi in ltaidwiu Locomotive: nenrlj '! points in Lncknwnnnn Steel nnd, a little more than .". points in Itetbleliem "H." Shortly after 2 o'clock the buying movement extended to all of the locomotive and car issues. One explanation for the strength of the market, and a very good one, was the report of western monetaij conditions, which -tilted tHat the Chicago banks are in a comfortable position and that reports to the comp troller indicated a large increase in deposit, with one of the principal in stitutions showing a new high record. Kui'therinore, there is a large amount of money in the West available for investment and optimism regarding business in general American Sumatra Tobacco gained nearly a point, coincident with the annouii' einent thnt the right to exchange its 7 per cent debenture bonds for common stock at par expires tomorrow. tirely out of the question a few years ago. Write for our list of high-grade In vestment sug gestions. Established 186S )bt. Glendinning & Co, 400 Chestnut Street Philadelphia ST, E TERRIFIC PACE FAIRLY STEADY TON E IS SHOWN 01 CURB i Million Shares Change Hands Large Dealings in Colonial Tire. in First Three Hours. Many New Records Peerless Active Continental Rubber Weak i New Memhrs New York Phl'a and IMttsbursh Stoi k Exihanites $50 $100 LIBERTY BONDS BOUGHT AND SOU) Biddle & Henry 104 SOUTH FIFTH STREET Members Philadelphia Stock Exchange LIBERTY BONDS BOUGHT and SOLD Any Denominations Samuel K. Phillips & Co. 07 CHESTNUT STItKTT Hsmbers Philadelphia Stock Kichaan I financial Special Nothes TO THE 111)1. DKUS III ftOASOKK TKAt'TIOV AMI I.HillT COM PANY V1KST MMlTftAUi: AND COLLATERAL TKl'KT 15 PER CENT MNKIMI Kl'NII (Ol.I) PONDS Notice Is hereby Riven that. In conformity with the Sinkimr Fund provision of Deed of Trust from Roanoke Traction and I.lirht Company to Tha Baltimore Trust and Guar antee Company, Trustee, dated August 1 190S, there have been dm ly it far redemption on AiiEiist 1, 11, nt j0r, anrt accrued Intercut to that date, thr follovv Init Roanoke Traction and I.leht f ompany First MortgaEe and Collntera Trust 5 Per cent Kinklne Fund Hold llonds: Xos 8.11 1H 1SSII 1107 2fi!0 RST 1475 ISSlt U j7;;i, 1253 151T in.' 341 277.-. 14S3 1T4! iocir. J-ls:i The above bond, will h p., id upon preien. tatton at the offlce of The Baltimore Trust Company. Successor Trustee. In the City of rialttmore, Md.. on and after August I 1019. upon which datn Interest thereon will cease. Baltimore, lid .Tulv 1. l)n. THE BALTIMOrtK TUl'ST COMPANT Successor Trustee. I .ev inriv. .niiv 11.- 1 ne .sew 1 ,11 u 1 Kvenins Sun'- tinnnriiil review this j afternoon is as follows: Crucible Steel went through 1"4 for , a 1" point sin. Stutz .Motor stored an ' additional S points. linldwin Locomo tive rose nearly ." points, raxon Motor went inlo new IurIi ground above -4. up S points i,n the day. Strouiberg Car buretor ami lloscli Magneto jumped 4 and II points repeetively. Such was tlie character of the spceu- ! lation in today's stock cxrlinngp ses sion. Dunne the first three hours of I business, t ratlin; was maintained at a 1 terrific pace, over a million shares of 'stock changing hands in this interval. ! Aside from n handful of spe,-tacular , performers, howevar, the market was ! quite an orderly affair, but the pace lit which the forward movement was rur ! ried in special issues was altogether too fast to last long and endangered the whole speculative structure. The market opened with a rush of I buying for virtually everything on the .list. It was the customary Monday morning opening with which Wall street is familiar Mi hull swings. Speculative enthusiasm was intensified by the dem onstrations made in 11 number of easily manipulated properties. During all this strength in the fore noon occasion was taken to sell Marine common and Denver and Kin (Irande preferred, which last week enjoyed re markable advances. This selling was of the usual profit -taking variety, and the strengtn in otner sections ot the mar ket was utilized to advantage. Marino 'J!"!1!11" . - 1 .-nipnui I York, duly 14. -The eiirh mo,. ket today showed a fairly steady tone in the main. Colonial Tire, on large dealings, rose from .'!) tn 3714. Peer less was active and started at 1(1, rising to 47. ieneral Asphalt rose from 112 to f)3 and then receded to 1111". Cities Serv ice Hank shares showed streimtl, -,!.,. ing from 42-tj to 44',. Marconi of America held steady within a range from ."i7s to 0's. Auto Sales Corpora tion was well bought, rising nearly 1 point to 117H. There were lienvy dealings in t'nitcd Profit Sharing up to I!. I'nited Retail Stores, after opening at 100, broke to ISM and recovered 1 point. t ontinental Kuliber was dining 'i to .'l'1;,. Car. Power showed considerable declining from 5 to I!3!. IMir.STRIAI.s Hid .... 11". NEW YORK STOCK SALES fin. 7-lM .100 3! i . 2H 4s 112 llWi l-'-, vm :w Wi 3 '2! a 3 ISlj 4R 4S! 110 HfflH 112 ! 01 01 HI ol P5 Last 8:00 close Hlsh Low p in. Advance rtumely Adv Itumely pf AJnx Huliber . . , Alaska Clold JI . . Alaska Juneau . Allls-Hial Mfj. . Am Agrleul Cliem.110 Am Hank Xoto . 4UW Am Ueet SiiKiir . PlJi rtni ueet .su- pf . o,-, . . . Am lloscli Mag .111), 121 An Ci" 00), W2 Am Can pf jqj, jn,", Am Cur & Kdy . .110)4 Hfl' Am far ,t Kdy pf.119 1111 Am Cotton 011 . , rtP-i 07 Am I Tug Synill . 12.' Am Hide, & .ea, . 3QH .W 3S' :iS Am 11 & I, pf ..133H IH.".1. 131 13".'i Am Ice Pf 74' i IV i 71' J 74' Am International 114H lll'i 1134 Am Unseed 59Ji MIU S0' Am liocomotlrn . (! !)7'i 'J2U Am l.oco pf HI7 AniiSmelt & lief . S SS'j S- Am Sleel Kdrles. . .t,V 1 0s 4 4,'i'a Am Sum Tobacco. 113? j Ill's 113s4 Am Tel & Tel 1(J4 101 Am Tobacco . . . ,244"i 21.1 Am Tob pf new. .101 121.' ion.' oS 2S (W. 70 02 ion 102 177' 113 I.V ..'( 13't P, ll.'i 117.'i US on.'-j 02 10,i 10.-1 UO 11 Hi 110 110 00 on ll.'iSf S(4 ur,?4 1 'S ' 100' i .V.l'i 211 IH". 70si .-,7.', (12 lOl.U IOP4 121 111' 112 i" 17(1' a 37 OS 111 (I,-)' Dividends Aetna Explosives Am llrlt Mfg Am .Mnrionl lAmerkMii Wrltinu Paper. 1 Air Iteducttun I t'anrfdinn Car Co 'in i'ar i. Fdy pfd I '.irhon Steel I I'arwen Tool i'hilm'rfl Motors ,'hevrolet .Motors I 1 'rami . urttss Aeroplane Kmerson I'honoffraph .... Hall siun.il Hupp Motors Inter Products Int'r Rubber I.ak Torpedo Boat .... I.ehlKh ,'oal Sales I.lbln. HiN Si I.lbby I.lm., t.oco Martin larry Ions Ildlntr common got down under (!.", during its Nor Am Pap Pulp weaKest spell, anu Denver preferred un- i;!"" '-levator THE PITTSliriKill & WKST VIRCSINIV PREFKRKP OIVIDKNU Nt'MnKll 0 The IJoftrd of Directors has declared a rtlvidend of on anil nnt-hulf (IMs) pr tnt on the Preferred Stock of the Compdny for the quarter prided Jum 30. Ifilfi, naynbl. Aucust 30. 1010. to Ntorkhnldorn of record at the close of buslnenj nn Aujjunt 14. inin D. W Rl'MMKUPIUUD. Secretary Plttsburch, Julv 0 101!). J" Proposals NEW ENGLAND POWER FIRST MORTGAGE 5 BONDS due July 1, 1951 dcr 21'. The strike of workers in the coast line service and the chances of its spreading helped unsettle the Marine shares All the steel shares were in better demand, Ketblehem Steel R and Cru cible providing the fireworks, the, for mer going above par for more than a three-point gain. Kuying of the steel and coppers was on the theory that this department has not made as much headway as some of the others in dis counting the future. Itoch Magneto is expected to place its stock on nn S per cent dividend basis. Current earnings are understood to be surpassing all esti mates and the company is, of course, in line to share the great prosperity enjoyed by the motor industry. There was no movement in the rail road shares to correspond with tho strength of the industrials. Reading. Southern Pacific and one or two other railroads rose a point or so. but there was nothing like genuine interest dis played in this quarter, although com mission houses have lately been direct - I I'eerl, is Motor Perfection Tin.. I'milp .Morris Pool, rnir Savold .V T Saold Ohio Srripps Hootb Standard Motors.... Steel Alloys Submarine Slft Int Todd Shipbuilding;.. inanpie film Tnited Motors U s Steamship. ., World Film Wright-Martin Air STANDARD Oil Illinois Ohio Prairie Pipe S o Cut... S O N J son r. .. 12 .IS In 11(1 11(1 .1 10 J50 mo lt ii . fl'i . 14V. , an '. "l'i on 2') '. S2i . HI . r,'. .10(1 . 4.-. . !. . 14", . an . 54 . .11 . 3.-i "" . tll'j . nn .l'.'S . l . ro . 3 weak, de I.ight and weakness, Sat close Asli (wlel II 114 0 'I . . rj"n .. ' 4.", 100 11. " 5 11 lOMi sno .'00 1911 is s 14'. Ill M 115 .11 77 33 A HI ,! 10, 4i! 14 14'. nn 3L' 4(1 17 HI l.V. l'i 14', 33', 30', 7C, 14 r.o 117 3'i, STOCKS . .1R5 1fl(l ..37.1 3ui . .'.10 jor, . '7S "M 73.". 74U 3S0 3s.-i INIlErENIIKNT OILS 3 so 2113 27a 7ir. 3SB SBALED PROPOSALS addressed to the undersumed at Its office. 133 Devonshire Street. Boston, Mass , and endorsed (on out. VM. fTc' iT !U?' '"a! i ' increased attention to this quarter of ahove.named bonds to the Trustee to1 necnuse 01 tne approach of the tim? AHuni inE. n.i ur rJlUHTY-p'nt'ri THOtlKAVD TWO IllIKnni'n mVii " . Jt-in.HT cknts rnr . in A p ?, POlin DOLLARS AND (S84.234.0S) OR ANT PART THEREOF accordance -wun ine morteage dated March Z3. 1U1-. out reierrra in m ll.e bond. n. dated July t. 1011. and First Suppiemen ta Mortgage thereto dated April 27, 101 Proposals will be opened and successful bids declared July 10. lnm. AND INTPfi KHT ON ACCEPTED IIO.NDS WILL, CEASP JULT 17. 1019. -ASE The New England Trust Company TRUSTEE JAMES R. HOOPER, President, ftoston. Mass., July 2 1010. Allen Oil '., 3 Boi-ton Wvo Oil HI r) Cosden & Co...,. II', 12 Elk Basin '.i n'i Inter Petrol 2n sn'J Is'and Oil & T 7VV 7i (llenrock Oil ii'J Houston Oil lis 123 Merrltt Oil :7'4 27'-i Met Petrol 3 3'; Midwest Oil 1S3 1S.1 Ohio Kuel 20 2 Omar Oil & Gas 03 ., Sapulpa Ref 7'; . Sequoyah '? H Sinclair r.t r,3't Sinclair Gulf r,si, r,i Southwest Oil 20 .-, United Oil IS 1', mi 12 "' 30 70, ill, 120 3 SSI, Am Woolen Am Woolen pf . . Am Writ I- pf . . Am Zinc 1. & S Am Z 1, & S pr. . Anaconda Copper. Asso Dry Hoods. . Associated OH . . . Atch Top & s y. . Atl Coast Line . . All (lulf & W 1 . Baldwin Loco . . . Baltimore .i Ohio Balto & Ohio pf . Uairolt I'o . . . . Batonilas .Mining . Beth Steel (I.', US' Beth S Class B . !i7.',' lfW', Beth Steel 7', pf 10.1 Beth Strel 8r'. pf H'. Booth Fisheries . 1!1 Brook llap Tran 2(14 Bruns T & Ky Sec 10 Burns Brothers ISo'i Butte Cop & Zinc 1.1.',' Butte & Superior . Caddo Cen Oil! Cal Packing Cal Petroleum . . . .Wi Wh Cal Petroleum pf. SI M Calumet & Ariz Canadian Pao . . Central Fdry . . . Cent Fdy pf Cen Leather Co Cerro de Pasco c Chandler Motor Clies & Ohio . . Chi & Alton pf . ("hi ft IZ 111 pf . . Chi Ot Webtern . Chi U W pf Chi Mil & St P . Chi Mil cl St ! pf. Chi & Nwrn . Chi & Nwrn pf Chi It 1 & Pacific. Chi It I & P7-V pf. t'hl H 1 & P6-, pf Chile Copper Chlno Copper . . C C C & St 1. . . C C C 4 Si I, pf Col Gas & Klec . Col F & I Pomp Tab P.ec. Consol' Gas .... Consol Int Cal M Continental Can Jorn Prod Itef . Corn Prod P.ef pf 'rex Carpet Crucible Steel . . Crucible Steel pf . 103 Cuba Cane Sugar. ."S.'i Cuba C S pf hG Del & Hudson . . .110'j Denver & Rio Gr 14 Den & Rio Gr pf . Dome Mines . . . . i:ik Horn Coal . . i:ndicott J Erie i:rle 1st pf Krle 2d pf . . . . Fam Players-L . Fed Mln & Smelt Fed M & Sil . Gaston Wm & W. General Clear . General Klectrlo General Motors I Gen Motors pf . Gen Slotors deb 'Good (B F) deb i Goodrich pf .... (it Northern pf j Cit N C for O P i Granby Consol . ireene-Can Cop . 3ulf States Steel rjult Mob & N . , Gulf M & N pf . ' Hartman Corp ... 85 so.'j Haskell &. Baiker. t.d 71 'i 'Illinois Central .. (K).'i 10 !2 ' Inspiration con .. (i7sj (, 1 lnterboro Consol. 7'j 7' 1 Int Consol in . , , Inter Agr'.cul . . i Inter Agrlcul pf ! Inter Harv new Inter Mer & JI . I Int M M pf ... 1 Inter Nickel . . 1 Inter Paper I Inter P pf stpd I Jewel Ten. .... I Jewel Tea pf . . I Kan City South i Kelly Spring Tire.l3li, 1.17.', i Keystone T & H . llMW lilli Kennecott Coi . . Kl.Ti '.'14 lU'JJi .17. ! . 01! i 70! i .107. (12 101" 1014 1.1 .ir-, 140' SMi Ifi'i io;i' 'J14'i i'ii'i 100! .1,.'; vsj4 01'j 7C.J4 .("' i (!" 101 101 17. (l.V. (17'. l'.'A 4.1 .11" s 111'. I'. Oi-.'s lOH's La It aon close HlBh IrflW P.m Itenubllc I & S . 087. 103H 08i 103JM Itepuhllo I & S pf.l&l 104W 104H 101H Hoy DS Yshares.117 118". H0U 110U Doynl 1) A shared, 117 .. ... St Joseph Lead . 14!i 107.' St L-San Fran . . V.l'i St I,-San Fran pf. '14". Mi oo'. 84 Jfi 1 ll.'i '22H 19 75" i ion; 30 J I (WJi 05 110!' 100'ii 107 4ll7tl 171.' .,0" 4.V. ' 3'.- -1. . ; i ias!i . :ir.-B . 07' i . 10S' . boii .'.is . o.i5. . 1.1-. . ID'j . 10 . '.'S . -14' i liS'i . 100'. 2dS4 S3' j 4(1', 50 74 03!i .14 Ml . lOJ'i 10 117" s . (107, 107 . (IT i VS2U 14'. . 3S . 0.1! i . IV. . ,iJJ. . 'J-.'5 . .1107, . 17 41.',' . asu . Sl,' .171 .23.1 . 02' i . s.i- . Sli!j 113', . ('6"s . 51'. 71'i 48! i (ll.'i "10 :) f5 ll'J'4 HI .;. i'i? 30 20'i 1 l'i 10". 157! a 157J.H 157JJ 13?$ 13. 135. .tli". SOW 111!'.' 21T. '294 10! St I Southwrn Saxago Arms .... 81 Saxon Motor .... 17 Seaboard Air 1j . 10!a Seaboard A I. pf. '227. Sears It & Co . . .20.1 Shattuck-Arlz ... 1ft Sinclair Oil Itef. (i.')'. Sloss-Sheff S & 1. 73! i Southern Pacific .lOS.'-j Southern Ttwy .. 30!a Southern Ii pf OSii rftro'm Carburetor. 00 Stutlebaker Co . . . 10!)'.' Studebaker Co pf . 101'a Stutz Motor .... 07 Superior Steel . . . 4(1'. Tenn Cop & (jhem 10't Texas Co 27.1! a Texas & Pacific .. 00'i Third Avenue ... 21 Tobacco Prod . . . 10.1 Tob Prod pf 100 Vob Prod rts ... 23U Tol St U ft W tr. 57. Tran & Williams. 557. Union Pacific . . . 134 I'nion Pacific pf. 71"' Cnlted Alloy St . 5.1!; Cnlted Cigar S .2005. 201 Cnlted Drug 1317a ... I'll Hya Invest ... 141. 14 . Tn Ity Invest pf. 31!. 3D C S cast I P & F. It'.j 34'.' I" S I'll' F pf. 73 72) i V S Food Prod . 70V 80). C S Ind Alcohol Mw. 14 1 , I S It & 1 Co . . 47 ... I I" S Kubber 1347. 135 I" S Hub 1st pf .110.1. 110 V S Km Itef & M 70 70'a ! I" S Sm It & M pf. til ... , C S Steel 1)3', 1157.' I S Steel pf ...11GJ, 1107. Utah Copper .... 04 BOH Va-Caro Chem . . Oll'i 027a Va-Caro chem pf.H6i 115 14TJ 25J-J 31 22)-i 83H 2(1 107. 21 107. 257a 35Ji 227. 84! i 24 10i 21 10 0.1 757 ( 10S.4 30i 0SJ, 05 107 ('3 73H 100! I 30 OS.' 007i 108?i 100) i 1007a 100H 07 107 49 49 147. 107. 273) a 2727 272 no), om 05 105 100 23 5 507a' 131)4 ' 50! a 10.17. 100 211 i 5 557, 133!. "bhli 198?i "ii ,11 34 72! a 70 'i 111 1327, 119 go-: 1037. 100 21H 5 56H 134 50 !00.'f 14 31U 34 7271 70! s 14.1 134', 110 70 107a II ("4 'II 0!) 30 M'i 71'a 29 1(1?! Of 8 .10 034 101.'i 1(1 07! i 11.', 107s. 03' i 13 10,1 3'J1. Sl'a 112'a 1.1'i 24 14" 3S, (17 1I.'. 32) a 22' 117 1(1 IS), 3' 1 SJ 172 240 0-"4 104 05 .11' 71 Wabash Wabash pf A .... Western Md .... 1H 72 West Pacific 38) 1 38? 1 1 Western Pac pf . S07i SO! I Western Un Tel . westing A B . . . . 10S 108 westing K & M . 37 37 ' wneel & Lake E. CO 08 I Whlto Motors . . . IO8J4' 111 I Wilson & Co (it'a 04'i 1 Wilson & Co pf. ... Willys-Overland . 05' i 05'i! WIIlys-tHei pf .. . vvortmngton p 11 Jl I Worthing pf It 10i 35! 14 25'.' :? so 123 587, 11?. 70! a 101 101 30 OS 83'i 77! a ID" 357. 14 20 50 SO 124 50 117. 71 102 39 'a (I7'i S3 797 11311" 115H 110H U67i 957-i 95!i 897. 01 114) 115 10 11 35ti 35); 14). 25 58 S8J4' 124 58i, ll.'i 70 101 38.'4' 977, 82'.' 79! 4 147-i 257. 58 124 50 Philadelphia Stocks High Low 250 Am Strs. 3." 34V4 15 do pref. 04 04 0 Am Ons. 70 70 1200 llrlll J C, 04 0.1 S40 Klec Stor 05 m 721 Gen Asph 0.1U 01 200 do prcf.l.lOV. 1.10 020 Key T Co lu 450,"i Lk S Cor 2.1";- 141 Leh Nnv. 70 02 I, eh Vnl. r.2 HO Mldvnle 01 .183 Pa It It. 4(1 1S Pn Salt. SI .10 Phila Co. 41 ! 14 do pref. .10 000 Phil Klec 2.-1. 142 I H T tc 201,, 350 Ton Pel. .'Mi 20Tcnlson (' 17', 15 Un Tract 30 V. 1225 I'RI... 0.S 2410 IT S Stl.l15i, 114 10 WestinRh 50', 51) 14 37 West C. '"4 71 485 W Crn'p.105 102 Kx dividend. ItONDS Hlffh Ixw 14Vj 2.1 Oft 52 Oils 45)i .81 41 Vi .10 25 V, 20 aw 11 Vh 303C, 08 Net Close chge. 34Vj Vj 01 2 70 .. 01 1 05 m 1.17 5 ti Vn 23-Js-f -3A 70 Wj 52 . . 01-f 40 .. 81 .. 4H4- V 30 . . 20 - if, 3i 14 :to Yh 08 .. 115 2 50 Vi lk 74 .. 102 ,8 INTEREST ON LOCAL 'CHANGE CENTERS IN GENERAL ASPHALT Gains Arc Made in Both Common and Preferred Issues Laltc Superior Leads Sales Cramps Sells Off The shares of the General Asphalt Company led In interest on the Phila delphia Stock Kxclinnse today. The preferred Issue of this stockvopened nt 1.1(1, up 4 points from Saturday's close, and shortly advanced to 130 on odd -lot sales. The common yns up 1 points to 024, later selling off on realizing. The prices of the preferred and common stock of this corporation preserve the rela tive conversion vnlues. Accumulation of both issues nppears to be continuing. I.nke Superior was slow In coming out, but later led jhe market in the matter of sales, the turnover amounting to more than 3000 sluirrs. Price changes In tli m stock were of little Interest. After the early sales the market turned easier, rallying somewhat in the afternoon. Hnll held most of its gain of the morning. On n couple of sales Cramps dropped 5 points. Klectrlo Storage Pattery. lately nn active lender, was negleetcd. Philadelphia Kicctric held around 25. There has been .$131,000 more -stock listed under the allotment resolution of last November. Transactions in bonds were limited, with price chances Inconscouentlal. ine largest sales were in Cnited Itnilways Investment 5s, S28.000 of which J chanced linn, Is nt a ollM in Jam"' 85 O511 Not Close chge. 85 . . 00 VS.. 05 '4 U S2000 Am C, & Kl 5s... 85 4000 Kl & Peo Tr 4s.. 00 5000 I.nke Sup ine 5s.. 0514 5000 Mb Pond 4th 4i, s 04.10 01.0(1 04.00 5000 Victory 43,s 200 Phil Klee- 1st 5s.. 001 31000 Tn Rwy Inv 5s. 78 72 20 00.0S 00.98 00.9S.3S 1)01,4 00 78i24- P;. Combined Reserve Bank Repfirt The weekly report of the combined condition of the twelve Federal Reserve banks, at the close of business on Fri day, July 11, nnndtiuced by the Federnl Reserve board, is as follows (000 omitted) : Clold coin and rates in vault seiuement RESOUnCES July 11 Cold certlfl-fund. July 3 GAIN IN LOCAL LOAN.S Total gnld held by h'ks Oold with Federal Re serve aeents (fold ledemptlon fund with L'. S. Treasury. Total (told reserves. I.iKal tender, silver cer tificates, subsld'y coin Total reserves mils discounted secured I hv Oovt. war obllg. . . All other , Hills bought In open market Deposits Higher Than This' u.iWonSJ: Bank Week Last Year Tho average condition of members of the Philadelphia Clearing House As- Vlctorv Moles. H. -ertltlcates of In-'btedness 1270.34.1 S3S2.043 '34,31:; KiM, 200 53t,S37 1847,233 1,183.00? 1.185,J78 111.311!) 120,4.13 $2. 111,824 ,2,r.'8.!4u 115,387 611,407 I2.mn.2u $2,11)0,353 $1,(184,040 $1. 032.8311 251,307 2II2,3MI 30O.O33 330.070 $2,2110,343 $2,225,707 27,131 27.130 374 377 200,051 200.008 ji,- soriation for the week preceding today, 71 102 3S' 077," SI 79.'4' I is shown in the weekly btatcment, with I comparisons, ns follows: I A!,L ME.MDBIIS lotai earning; assets. J2. 520. 007 $2.4.13, .S3 Bank premises 11.000 11.084 I ncollected Items (de- ,lu, t from uross dep. ) 740,004 742,527 I Ivo per cent redemp tion fund apalnst Fed. lies. Ilk. notes 10,032 11,050 All other resources . . 10-.331 1O.30S 44 OS', 0, I 44 09', 30 S.1'J 71!$ 2Si 497. fi3.' .14--4' 01 10 i 1S7. 90'i ill)' 1077, 0.1' j 121)i 105 37)' SI 110'a 14'a 21 'a 14'a 7'a.l 97 IS'i 32)4 22s4 117!j 1(1 44i 37 Sl 172 23.1 92' i 104 95 .10-,' 407, 70 S7 00), 100'. 07! New York Bonds 30 S3's .71!i 1.0 497. 0.U 50 01 ?4 lODi 1S7. 00', (II 107" 03' a 13S 105 37', S' 112) a ll'a: 22' a I 14' ,' I Sales In $10011 .8 Anjrlo-French II Mb Pond .T 4 3 55 3 203 415 llieh Low 2.00 5s 07 !I7'4 07' .s. 09.32 00.32 09.32 .. !j54 03.48 93.51, , . . 94.04 1)4.04 94.04 1 TUUST :. . 05.02 05.00 00.00 ' T.oann I KxchatiRes ClearlnR 1 Mouse Due from hanks. . . . Hunk deposits Individual deposits. .' Tlnio deposits , Keserve with Federal Resirve lank and I lenal depositaries. 1 Cash In vaults . Total reserve held . . I Reserve required. . . . llxcess reserve Tulv 14. 'in $71111,171.000 Decrease 121. UOO - 25.817,000 5.000.00,1 lW.lK'J.OUO 4, ,1.,, 01111 ir0. 70S, 1101) 4,1117.000 514,1170,111)11 (1, 547.000 5.511(1.001) 131. QUO 5B.O4S.O0O IH.iijn.non 57,7011,00(1 53,7115,11(10 4.01)1,00(1 1,(135.000 I.773.0O0 1 012.000 847, II0O 2.451I.O0O do cv 4s. . . do 1st 4s. . . do 4',4S do 1st 414 s do 2d 4i',s do 4th 4',s 10 Vic Notes 47Js. 99.08 00.00 09.00 1 75 do :iy, s 100.02 100.02 100.02 33 I" K of Gt IJ & I 3 Vis '31 ... OS'i OS 0S-)i MEMIIEHS RliSIJnVB SYSTEM Reserve held $53,738.0(10- $1,538,000 Excess reserve 2,048,000 2,309,000 COMPANIES NOT MEMBERS IlKSBKVi; SYSTEM Reserve held 14.000 ftnn STJ OOI1 95.00 95.00 05.00 Excess reserve 1.143.0OU II0.0U0 I Increase, 04.10 94.04 04.04 ' In addition to the deposits above, there ... ...... .,... ,,. ' weri ,hls week $23 543.000 Kovcrnmcnt de- 04.12 94.02 04.00 uoslts, against which no reserve Is required. LOCAL MINING TONOPAH STOCKS Jim Butler V,..V ... . p.. ,.., , .,,.,, .in,,,.,,,. . . . . . -".a l Midway 97 I .Ml7.pah Extension lcl ; I Montana .. ., ' North Star -4 I Rescue Ellla West End 110' a 10 48' 3S SI 172 2377, 925 101 95 507 1 7ii 407 i 70 SO;,' 707 1007'i 07.' , STOCKS) Hid 32 K5 3d MS 17 118 18 l'i Lack Steel fife? NEW YORK COFFEE MARKET New lork, July 14. Trnding wni nervous anu irregular during the morn- inr session, and after further ,ieciin ,rfe 'll lTOm Initial flsures prices gradually worked upward on a moderate outside sneculatlve demand and In the ihunn ''' ?;ol selling pressure of any kind. ii&t.i . . i i.il-.. i... -. ivL T atuiiuu miuuuj vaiuca were auout at .SJ ' labbers and roasters continues verv 11m .Wed, with prices higher following the advances in Brazil and in the futures market here. DelWerlea ore decreasing, but still Mrly sm V i':W f ' - fjil.mber Saturday's Today's opening close 22.30 22.10 21.83 21,83 22.05 21.80 22,73 11 a.m. 22.00 21.00 21. SO A-V BAR SILVER . "" OtMBMrcia! bar silver wan quoted In NWM( t47 lit $1.00, an advance ' !..,nMM.ilW)j uM for hearinss nt Washington on the new railroad plans. Tennessee Copper was one of the most popular of the low- pneed storks, getting up to its former high figure of the year on very heavv trading. The gold and zinc shares also received increased attention. Tn the late trading the wnve of buy ing swept into the equipment stocks nnd these in turn were marked up from' three to nine points. American loco motive, Baldwin, American Car nnd Foundry nnd Haskell nnd Barker nil sold nt new high prices for the year. The advances in this section of the list was quite the most vigorous yet wit nessed. Bethlehem Steel "B". ex tended its gain to four points nnd lie public Steel crossed par for a two-point move. Outside of the market itself the Street found very little of interest. What happened today was nothing more or less than a repetition of many former sessions, only nt higher prices. The new- prices made, invited n good deal of profit-taking before the day was over, but -buyers were as plentiful as at any time in the past. The call money rate was 0 per cent for renewals nnd it held nt this level during the grenter part of the day. The possibility of tight mo.ncy is the only obstacle to the advance which Wajl street is able to see, so that with low rates quoted, operations for the advante met with little Interference. Unsatisfactory conditions again ob tained in foreign exchange, sterling bsolule new lofc tiefct of MIMNfi STOCKS Alaska I.CM Iliir IpdKe Hutte Nw York I to st on Mont (; P H & Jeromo Con Arizona Firnt National Fortunn Cons GoldfteM Conn GoldtVlii PlorencH . . . . OoldfleM Kewanas ... (soldflrM Merger Ore-pn Monster Hecla MlnlnK How Sound Independence I-arl ... Jerome Verdft Jim Hutler Jumbo Extenttlon . . . . MarNomara Ore McKtnley Darrueh . . . Ma urn a Copper Mother Iode Minea Co of America. National Tin Nevada ITUlu Nevada "Wonder NIpiDi-ln&r Ray Hercules San Toy Tonopah Extension. . . United Verde Went End Con White Caps ll4 87 . H 1, 10 111 0'J ). 10 45 o:1 47 4'! i in; 2'i s 4JH li'1 ;i:i.-"- --- JiMUtie to m ah StiiAUt mm ilMtttMd'O (-'nsden Oil 0, . Cpsden & Co lis . Russian Oovt .Vya Russian Govt 04 s BONDS .100 . 100 . 51 . 57 15! r,n is 01 a o rk 4H 5 '. 31 1'J 40 05 r.o 41 lo'ii 10 lor, 105 54 S9 HI 03 31 11 40 05 444 '44 :-. l'i 15 53 &D Lee Hub & Tire Lehigh Valley . . . 52 I Liggett & Myers .220 . l.orlllard (P) Co .200',' : I Manhat Shirt . . . 30 1 Maxwell Motors . 53 ! Max M 1st pr . . 70U 1 Max M M pf ... 40-4 Mav lei't Stores. 107 . Mexican Petrol . 105Vf i Miami Copper ... 29! i I Mldvale Steel . . . 0072 Minn & St L new. 111.1 M St V & S S M. (.771 Mo Kan & Texas. 10 j Mo Kan & Tex pf. 21 Mo Pacific 37 i Mo Pacific pf .... 57 .Montana rower . n)i N'ational acrao .. 42Ji National Biscuit . 13117-i Nat Cloak & Suit. 877i Nat Cloak & S pf . 100 Nat Con & Cable . 237, Nat Knam & S . . 847i National Lead ... 84,' j Nat It of M 2d pf. 97j Nevada Con Cop. 207, New Or Tex & M. 4235 N Y Air Brake . 120 N V Central .... 80 N T Dock 4'r N Y Dock pf 5974 N Y N H & H... 327i Nor & Western . . 107 North Pacific ... 90 Noa Sco S & C. . 85 . 2S 27' i 27 . 30' , 37', 371 . (tO-4 91', 91 . 145J4- lies, MO'.' . 00'. 05: 027i 122' i 123 123 32'.. 33? 32'j . OS lis.1, 07 . 79 79', 79'j . 3S" 40 3'j 70.', 34 130', 125 427, 42'i 90 7J, 39 3S 37 374- 91 1 10'' 04 123 32' i 07 793 j 38'li 130' 120 42!, 90 3K'. COI.DFIEI.Il STOCKS Allanta 03 Ulue Bull Ol lloolh OS nUmonilftoUl II R HI Daisy 01 Kewanas 03 Oro HI Silver I'lrk 0(1 Spearhead OS MISCr.f.I.ANUOL'S Arizona 1'nlted -0 Nevada Wonder 45 Tecopa Mining 01) Ask 31 " .35 .1(1 10 .10 04 ."3 H) .(l-' ,,3 .1,1 MONEY-LENDING RATES -NEW YORK Money on call, mixed collateral, opened at 0 per cent; high. 0; low, 0; last, (1: closed, 0; ruling rate G per cent. Industrials opened nt IP, a per cent; high, 12; low, (1; last, 1'J; closed, 12; ruling rate (i per cent. Only n small amount of money was 'rolal resources . . . ..5.4S3,1D7 15. 423, 109 LIABILITIES Capital paid In JS'.'.S.-I R2,R11 Surplus S1.0S7 SI, 087 tlovernment deposits.. 151,11)0 130, 32S l)u to members re serve account 1,720. 3-1) 1.687.00S Inferred availability Items 501,230 .-(11.8110 Other deposits, tnelud InB tor. Oovt. credits. . 114. 07R 12R,0!)8 Total cross deposits. $2,5S3, 127 $2,514. 330 I'Vd Ues. notes In ac tual circulation .... 2,538,127 2.552,312 1V1 Res. bank notes In circulation net Uahtllty 181,806 181,570 All other liabilities In- cludlnir for. Gov. cred. 12,800 1o,70- Total liabilities $3,483,107 $5.123,1.11 Ratio of total reserves to net deposit and Ked, Res. note lia bilities combined 4D.S-, 50 8", Ratio of gold reserves to Fed Res. notes In circulation, after set tine aside 33 per cent against net deposit liabilities 00 5', 01 7i FIRST SALES MIXED ON COTTON EXCHANGE Spot House and Liverpool Buy ing Influenced by Firm Cable3. Temperatures Normal New York Metal Market New York. July 14 Price) on the New York Metal Exchange were as follows: Oop l,Pr Soot, 204c bid; July 20e,c hid; Au gust. 201 c hid: f-eptemner. I'li'sr 1,10:, (), toher. 2i'ic bid. November. 214,' bid. Ile- iembr. 21h,c bid. JIarket strong. Lend .., nfTorri .-. 00,: .Illlv offprpd. .". 0,1,-: loaned, there being no disposition on August, .vnofc... ik; septemiwr. 5.024 W ., . e .1 1 1 . . . 5.80c Market firm f-p,lter. Last St. Louis (he part of the banks to put out time .spot, 7' W8c, July, 74e Md: August. 7.45 fl,.,,lo I (il T ROc, September. 7.ni)9T UKc, October, . . t.,, , , 17 0087 8c Market firm. Acceptunce bills were unchanged nt . rlhn nmmint rtf Iniulnn.s tlnnn In ll,!o i f department wns unimportant. " COTTON BELT WEATHER CONDITIONS New York. July 14. The following tern pratures were recorded In the cotton belt this morning. Oklahoma City San An tonio, Macon, Atlanta, Thomasvllle and Savannah 74: Kort Smith. Llttli, Rock, Montgomery. Nashville and Tampa 70; Memphis. Corpus Chrlsll. Vlcksburg. Au gusta and Wilmington, 78: Galveston Nvv Orleans. Tensacola and Jacksonville. SOi Charleston 82. Tho following precipita tions were recorded: .01 inch at Mont gomery and Tampa; .00 Inch at Thomas vllle, and .14 Inch at Atlanta. New York, July 14. Trade was mixed at the opening of the cotton mar ket today nnd first prices showed ir regularity, being from 2 points lower on Mnrch to 1 to 15 points higher on the other positions. Spot houses nnd Liverpool bought on the rail, influenced somewhat by firm cables, but there seemed to be a good deal of realizing, especially by New Orleans houses, which later weakened the mnrket about IS to .'!() points under Saturday's close. Over Sunday weather was generally , favorable, temperatures being norinnl and precipitation light. The disposition to' take profits on long cotton nbovc the ."io-ecnt level was increased by favorable weather fore- . casts" while there was also southern and foreign hedge selling here, the lat ter supposedly against consigned cotton. October contracts soon sold off to ' 34. Mr or 33 points net lower and 70 points below the high level of Saturday, but there' was fresh buying ou a scale down and n renewal of Wall street de mand caused rallies. The receipts nt the ports for the day nre estimated at 10,000 bales, against 25,rSl bales 11 week ago, 7757 bales n year ago nnd (il)0" bales two years ago. , 1 1 :oo 1 :8n , Sat close Open a in. p.m.- July 35 25 35.40 October .. 35.1S(fi 35.20 35 20 35 01 35.50 December . . .35 10ST33.17 35.11) 34.07 33.4.1. January .. 35.0" 35.00 34.80 35.20 March ... .34R7034.O5 34.85 34.70 35.20 Mav 34.77(334.80 34.80 . , this I .-,3 13 No Change in Refined Sugar New York, July 14. Conditions gov erning the local refined sugar market remained unchanged this morning. The N'ational nnd Warner companies are still withdrawn. Prices me unrhnuceil on the basis of 0c, less 2 per cent for cash, for fine granulated. Raws are also unchanged nt 7.28c for !!(( degree centrifugals. The I'nited States sugar equalization board made uo purchases of raws on Saturday. PHILADELPHIA Call. T, tor cent; time, .VJ, (i per cent; commer cial paper, three to six months, fi'itTi) ' "Vj per cent, nnd six months, (! per rout. LONDON Money is quoted at 2-T, per cent. Discount rates, short bills .'l'i per cent; three months' hills Jl1 per rent. 7; Senate Passes Banking Bill Washington, July 14. A bill per muting national oanKs to invest r per cent of paid-in capital in foreign owned corporations was passed by the Senate today. GOVERNMENT BONDS Panama coupon 2s. 103(1. , . Panama registered 2i. IflSU Panama coupon 2s. 1038.. Panama registered U. 1038.. Panama coupon 3s. IDitl ., Panama registered 3. 11)61 Phl'lpplna l. iHa, .. Bid 9H, I)8I 8I H8i 80 RD DO Asked 0074 '4 02 02 (IB Ohio Cities Gus . Ontario Mining . . Okla Prod & Ref. Owens Bottle . . . racldo Mall 59J, 56, 42 Pan Am Pet & T.lOOJi" Penn Seab Steel . 51 Penn Railroad . . 457f Peoples Gas C'hl . 52W Peoria & Eastern. 14 Pere Marquette . 25H Pere Mar prior pf. 67 .'15 ,i7 55 S2'. 44 , 1074 nib-. .i0.'t 621, 2U. (17' , 10Ji 21! j 117'i o7Ji 79 12' 's'j lOd.'i 24 'v so;, S7 ion MM 45 127 81 .45" ' :m 107j 107 07 05!, 87 Srt OOJi 50Jj ' l'i.; ' 'ii 57 50'' 42J,' 40), 109U 106H 54Ji 52! i 21 K :i5?i 511 7'J'j 40 1075, 104J, 2!)5 00' s 10JC 117.' i 10) j 21H .15 56),' 77',' 41?, 87J, 1007, 21 M . 10 20? i 4,'l'- 125'.- 1 8y 42H Pork Prices Come Down Chicago, July 14. With hogs today only 5 cents per hundred pounds below the high record price of $2" scored Sat urday, pork loins, which the latter part of last week scored a high price of 40 cents wholesale, today broke !" cents per pound to a range of ItT! to .15 cents, due to 'the sharp decrease in the retail demand. 2 15 .ili'i 55 SI 111!.' 1075i 194J. .'to.1; 62' i 21 n 97.' j 10'j 21J, 37 57'; 771, ll'i 's8 106.'. . 86' 85T5 loi; 20' i 43!- 27 80) j 45 FOREIGN EXCHANGE New York, July 14. On heavy of- ' ferings of sterling bills today exchange declined to the lowest point on record ' for sterling bills. Demnnd was 4. 1(1 1 and cables 4.4C:4. Trading in reichs marks is now going on for bills on i occupied territory nt around 8c per mark. Russian bills were (-tinted ut i 8, but there was little doing in this department. The market as a whole ' displayed n decidedly easier tendency with substantial orders. Quotations ' were: Demand sterling 4.4(1, cables 4.404o. Front- checks (i.DO. cables I C.SS. Lire checks 8.40, rabies 8..1S. Pesetas checks 10.43, rubles 1l).ril. fluilder checks 37c, cables .!8Vi. I ITED STATES LIBERTY LOAN SECURITIES Stockholm checks Christiania checks Copenhagen checks 4.K0, cables 25. 24.15, cables 24.H.1. 22.75, cables 22.05. 32Jf 45Jf 54lf 14 20 45!, 52H 14 2-UI 32), 107 0(1!, 87 Wl 'ib' 57 41 107i 53Ji 45!' 53'' 14 24J, DIVIDENDS DECLARED Pennsylvania Llchtlns Company, quarter ly of l'i per ctnt on preferred, payable Julv 15 to stockholders of record July 12. Haskell & 'Barker Car Company, quarterly of il payable October 1 to stock of record September 13. Chlcaco. St. Taul, Minnesota and Omaha Railroad Company, semiannual of 2'4 per cent on common and 3(4 per cent on pre ferred, both payable August 20 to stock of re, ord August 1. Hamilton Trust Company, quarterly of 2 per cent, payable August 1 Reserve Banks' Discount Rates Official discount rates at the twelve Federal Reserve banks were as follows: (The first column gives rates for all periods up to nnd including a fifteen day maturity ; the second for a period of sixteen to ninety days. The third and fourth columns give the rates for' rediscounts of collateral loans secured by government bonds or notes) : Com'l paper Gov't paper 10 to 00 10 to 90 10 nays uu ia nays da BANK CLEARINGS Uank'rlearinds today compared with cor respondlns day laat two ears: 1010 11118 1017 Phlla.. $71.431.103 (10,707,054 52,107.472 Iloston .. 33.323,701 51,557.182 34.S02.2,ln N York.4l)3.O09,202 433,287.501 301,372,5(11 Bale, Callabls Dae 312 1832 1947 334 1922 1923 4 1932 1947 4 (927 1942 414 1932 1947 414 1927 1942 414 1933 1938 434 1922 1923 414 1928 Approx. Yield If ALrui. CallNl. or If lcltl u ficlllns tit Par Uaturlty u Callable lut 3.56 3.53 3.75 3.75 4.59 4.35 4.92 4.44 4.75 4.55 5.11 4.66 4.80) 4.70 4.75 4.75 4.90 $50, $100, $500 AND $1000 DENOMINATIONS FULL INFORMATION REGARDING TAX FEA. TUHES OF THE LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. 1ST S. LA SALLE ST. CHICAGO 133 S. 4TH ST. PHILADELPHIA 14 wall ay. NEW YORK MEMBERS OF Till! NEW TOnK AND PIIII.A. STOCK EXCHANGES GOVEUNSIENT SECUUITIES DEPARTMENT TELEPHONES! BELL, LOMIMBD 43201 KEYSTONE. MAIN 1384 4 tt Philadelphia Co Plcrce-Arrow . . . . Pierce Oil PittS LUdl Pitts C C & .St I Pitts & W Va Pond Cree.lv Coal. Pressed Steel Car. Pullman Co .. . Punta Alegra Sug. Ry Steel SprlnK 4Ui oai J3 7H' 07 40 J. 20, t9!i 127 01?- D4, 41' tti!i 24 72J 08 401 g lU'i 03JS 127 02;j U0 PWllppina 4. loss.. j. on 04(4 y S Spring pf ,10 Philippine 4. 1WI0... ...,.,,,, on so liiay' Consol Cod . 2 !tt flov. rouaes 3. ittMt.iMf. 0i,-4.; uliii,- ' ii t. V. y (f; ,. y ,J '"."''b,, a ,'n 40',' 02.' j 23 j .70) i va mi lll'i 89 127 02 1)5 los-; lo&ii 108H .tttlt Oil nnrt 41', 02 23", 71",' 08 40 !()'., 1)3 127 02!.' osw noston New York . Philadelphia Richmond . . Cleveland . . Atlanta .... Chlcaeo St Louis . . Minneapolis Kansas lltv Dallas 4 San Francisco ... 4t "4 , 4 4 4 4 4 4 4 4. 4 4' 4U 4 4'i 4i 4 4 4 4 4 4 4 4Vi 4 85 4 4 a 4'i Vi 4K 05 4 3 4; ays 4V 4K 4', 4I 4 4i Wills Probated Wills probated today nnme relatives solely ns beneficlurieH. The wills in clude tbat of William Knox, 2537 Itrown street, $33,000; Kdwin Cress man, 1205 North Hilton street, $27, 000; Dr. O. II. HuhIi, Orthopedic Hos pital, $7500; Elbert O. Hawkins, 1330 I'oplar street, $0500. Appraisals of personalty and effects gave a vuluation for William Wngner's estate of $43, (182.04, nnd for Mary IJ. Husk of $11,-000.07. OTHER FINANCIAL NEWS ON PAGE 18 FORD MOTOR COMPANY Three Months Notes Dated July 16, 1919 PRICE ON APPLICATION BOND & GOODWIN 111 Broadway, New York City Boston Chicago Minneapolis San Francisco Los Angeles Seattle Portland, Ore. COMMERCIAL PAPER BANK ANR TRADE ACCEPTANCES INVESTMENT SECURITIES Members NEW YORK, BOSTON AND SAN FRANCISCO STOCK EXCHANGES IS 8 i- J!- -ffi gfig-A-r j$6fiRt?lt.ftt tt Sfe-Aait MAU . HI 7 I 3JI :'M l ;?i m t mwmi , ' i fw MUr. yiJLi,Wtfl. .vp.., ; ,; t i-fti r-tfrw ... rr- MJ - H i?.. k -i,ft t i-, " 'i '..-' ' S6-E li!" . A-nLA .& .'i fla t& ir! -JHSK'?Vkf:iL .. C"..y'i. Ii v,-, -'"s r $ u ;,t5
Significant historical Pennsylvania newspapers