;K.fi.V ,; . yv- V V ,T; "rfy . ' 'i EVENING' PUBLIC LEDGER-PHIUADELPHIAV TUESDAY, JULY 22, 1919 1 -L U. TV-KJ ? K i, RREGU L THE OUTSIDE MARKET' Quotations Rise and Fall Throughout Entire Session. Sinclairs a Feature New York Bonds Sk In Mono Hieh Low Cln 1 Adunn Hxn 4i.. fi2'i 02i 22 IT, A T & T fli 10.1 102i 1024 GO Anslo-Frenrh 5s fl7.:52 07..12 f7.32 1 Arc (ior fi. S3 S3 S3 ."i Armour 4 s. .. . S.t5 S! S,T 14 A T A S F gn4 7(1 70, TOU 1 A C h 4s ....r SO SO SO ah & riir .v. nr.u n.-i2 n.-.i2 1 Am Dork fl ..100 100 1(10 Ask (salt) ! U ' .5H An 40 mi inn .1 . ini isn inn l". n n la 3d S3 27 78 31 1 ." 62 ion 44 A an M 30H an ? ii. im New Torli. .Tnly 22 The market allowed Irregularity. Rethlohem Mo- I torn was firm. riMnc from 201', to 30'i-1 Sarold Tire fell from nUfc to .10. rally ing to 60. Premftn Tire was again j a feature, and under good inquiry i made a new high record at 20' j. Martin-Parry ruled firm. riing from' 82-V, to 34!. Flk Rubber on aetivel dealings gained to 4'a. t South Ameriran (?old and Platinum receded slightly to 0. Golden nate. ' on a good inquiry, advanced from 3 to I 8. IMrSTHIAI,R Hid Atna Expl6lvi 1 1 Am Brit Mf ...... o Amr Mureonl . . Amr Writing rpr Air Rductlon C.n)ln Cr Co Cn Cr & ray rrf . Ctrbn Tt I . . . . Cixwen Tool Chalmers Motors . . . Chvrolt Motor . . Cramp , . . . Curtlis AfropUn Emerjon Phonograph Hall signal Hupp Motor Inter Products . Inter Rubber . . Lake Torn Boat Lhlh Coal sales Llbby. McN tMib Lima Loco Martin Parry Muctm Munition, . . N T Shipbuilding .. Nor Amer Pap Pulp Otis El-vator Peerless Motor . . . Perfection T n . . Philip Morris . . Poole. Entr avoid NT Sa-old Ohio . . Perlpns.rtooth Standard MMnrs Steel Allovn . Submarine 18 Swift Int US Todd Shipbuilding 120 Trlansle Film t United Motors no Vnlted Profit Sharing 2 V 8 Steamship . . . 8 World Film 4 Wright-Martin Air .. 4 STANDAfin OILS Illlnol 1M Ohio . . . . ..3M Prairie Pipe 200 6 O Cal . ..... 2n 6 O N J .72(1 6 O N T . . . . 378 BULLISH CROP NEWS tVi the 1 -.t n-a UKtnined bv bullish iron und weather noount .in improve Iftinnmiro nnTTOM mfnt ln wurltlP u ralh in foreign VHKilVhS (.01 UN e hnnee and ionMirins ndvire with i ii r..nd tn labor prnpcrU in the ti :ifo Strnncrar I Inrlornno Pi-malle, I he maikel eloied tenur. qfeol Prevails and Market Closes Steady. Trade Purchases tu Wt ToM. s lo Open it '12 31 ep II 7 . 1" 0-. i u t'" T n rf. t. on r. n I in '14 n r M.i 'i 14 1 Vi n-i t n 11 72 11 i Til Hllh I . .".(I V ii n .i: n 41 70 II so ,ii ' ll'i 4 S' 124 S3 4,1 10O 120 t) .100 200 1H 11 9 13U .17 24 34 .. 2 2 ni R2 .1.14 ,13 us so iv .i OS 47 1. IS K 13S si m 4 32 31H in 7 in is;; 17 nq 110 l'i 7 2' 3.4 1S1 3sn 2ns 29n 7.in a3 2)1 3', 730 3S4 INDEPENDENT OILS Allen Oil !L Boston Wye. Oil D4 Cosden A Co . . .11 Elk Basin n Inter Petrol 3t4 Island Oil & T 7 Olenrock Oil ouston oil . Merrltt Oil Met Petrol . . , Midwest Oil 8 Mo Fuel mar Oil & Gas Sinclair Sinclair Gulf 61 114 n4 32 74 lin ITS . 27 . H . 69 U S4 121 26 .1 177 2n M an 74 MINING STOCKS Alaska B C M . . . . Bid Ledge . . Butte New Tork , Boston Mont C F 8 t Jerome con Arizona First National i-ortuna cons Goldneld Cons GoldfleM Florence Ooldfleld Kewanas . . Goldfleld Merger Green Monster Hecla Mining . . . Howe Sound . Independence Lead Jerome Verde . Jim Butler Jumbo Extension . . . MeKlnley Darragh Magma Copper Mother-Lode Mines Co of America National Tin Neada Hill Nevada Wonder Nlplsslng Ra.v Hercules San Toy Tonopah Extension . . United Verde West End Con White Caps J 17 on .1 .14 3 10 4 42 42 4U 3 h ll'i 3 10 45H 41 10 71 34 44" H 4". B .13 12 7 47 41 J A'- R.I 114 n'J 824 no 2V no v.4 tA 24 .1A 4. .13 in R1 ins 3 2H l' BONDS Cosden Oil fis Cosden & Co fts Russian Govt 14 s Russian Govt fl4 s ion ion in ,i 105 101 12 J5S fl A S & R .'.. S7s 13 B & O gold 4.. 74 4 Beth Steel 1tn.. OO'i IBRT.lt ....m' 7 Braden Cop .. 00 1 Bnh Big ,-... S2 1 Butte & R pr ." 01 42 City of Mars fls 00 41 City of I.yoni 6 00 10 City of Bord 0. 00 33 City of Pari fls 07'2 1 Cent of Gn 0.. 0S34 1 Pent Par 34. R2's 2PRR of X.T 5..102 1 Cent of N E fi. SS 10 C ts A I.t 3U. 30 R f ' & O rf 5 . . sn 01 C O & Q jt 4. 0(U 2 r r, w 4 .10 71 r M&StP 4s '25 SI 34 2 r & Xw g m 8(1 2 C R I & I rf 4 71 20 Chile Cop 7a 122 3r C C CtStl, 0K SfiVj 11 Col f!o 4s SSV4 10 Com T R 0... SO 7 Con Ga rv fii. ,103 22 Cuban .V. 04... 0SS, 0S2 ftSVj 5 Climb Tel o n3i I3'4 034 . Chi fi K I .Is. . 32 32 32 0 Cent Fdy fto... SO R51., m 6 Chi & C M lata 023, 021 O: 2D & H ref 4. 84 Sti4 R4U 1 n & R C, rf Jls .103 504 ?04 2 Det City Gaa 5s 004 fiOL, 064 1 Det I' 1st 44. 77', 77 774 4 Dom Can fin '31. 00 051, 051', 47 Brie gen 4s .-.44 534 534 2 Great Falls fa. . . n3a P3SR 03 3 Great North 1st. 8.-Tfc S5TR jy 0 Hocking Val 44 774 ""tfc 774 '1IU M rdg A... 01 4 fiO r,0i4 25 do ad.i 172 174 174 1 Ills Cent 54... Ofii, flfii, 064 1 Ills Steel 44s.. S54 K.-,i, S3 4 5 I R T rf 5s T.fi. 71 70, 71 4 Int Agri 5s.... S5 S5 S5 2 I & G N 1st... 0(i 0(1 00 2 Kan City Tr 4s. 70T, 7flT,8 74 1 I. S &M S 4s '28 SO SO SO 2 I.ehigh Valley tis.l01 101 i 101 s, 11 L & X 4s S4J S44 S414 7 Midrale Steel 5s 004 00 00 37 Marine fis 077 074 07Tg 0 M K &T 2d otf 304 364 364 4 Mo Pac 5s 1026 SO SO SO 4 Montana Pnw 5s 02'i 024 024 55 N Y Cent deb 6s OS4 0S'4 084 RX Y O deb 4s.. M S2 S3 2 X Y 4 of 1050 033 033s 03?s 10 XY NH & H cv 6s 83 1 X Y O & W 4s 17 16 X Y Rys adj 5s 15 15 15 10 X Y Tel deb fis 1003g 100 100 50 X Y V' fc B Is 484 4S 484 51 X A- YV rov 6s 1083.. 10SK. 10SU 2 Xor Pac 3s 584 584 5S4 ' 1 0 X O T & M 6s 064 064 064 fi 31 X S L fdg 4s .. 854 844 854 1 1 . s T- .. j. v ww rl S 1 u ec . ri -is ifi4 in4 10-4 15 O D Gens & L 6s 61 014 614 17 Pierce Oil '24.. 1054 105 4105 10 Pere Marq Sr... S69i 864 S6,i 10 Pacific Gas 5s.. SflSg SO", S6s8' 12 Penna g m 44s. 85 S5 S5 3 Peoria & E Inc 30 30 03 0 Pa O & Coke 5s 76 "0 76 SRI & S 5s O534 95 V. 05 2 Reading-. T C 4r. 818 81 81 50 StL S w com 4s. 613$ 61 61 10 Seabd Air L adj SOT, 30 504 17 South Pn'c cr Ss.lOT 107 1074 Total sales 112. S4B 000 compared with JU 128 000 yesterday. GOVERNMENT BONDS lf3 inir, New Yorli. .luh 22. A strongei undertone prevailed in the cotton mar ket today, although there wn n dip after the start to a net los of 10 to rinama coupon J IT .ll nn .1.1. .I...!! - .!... .. n.,i.n.4 cifflctureri 1 iii'iiii" '.11 iiii' iir.-iin- ui'ii' ;iK u '" ' ' - , (v. a good demand, including trade pur '"' Tfly"Ti! iSm . . . . ., . 1'innniA coupon He 1 nl.A,, hasing and accumulating by more con- imi mi if(ritred is mm Mt bulls. r,i;;ppin; a. imi Rumor had It that two big operator Phiiirjin 4s min ft ho ere aid to have gone short ye- t !-;J! r?siPMerfd 2 mm terdar had boucht hack nf least inrt V ? r'nv r.?' of their lines. Later there was some irregularis l.on 14 n 11 01 n ;a 44 n 14 as 14 71 .11 44 Last 31 2Mi.1l 11 in 11 1117 IS 11 xnfl'i-. 11 7nrt 72 31 tnJ7i 1. rt.'m NEW YORK COFFEE MARKET New York. .lul.i 22 The local coffee market rallied 5 to 10 points in the earlv afternoon upon receipt f thirf) ,1N.iB Financial Briefs Jed to the listed department Trades men's National Bank warrants The There w w i.. n .i i ''""""iion ha been fined at twenty 10411 l ? c,n- rejlslered i win - ,-,. .oupon 4. I'll f ? iinv rFBlltered 4s 1021 rtisi ot rniumbta .l-n is 1024 Bhl HS4 nft 1S4 o no no on otii, Oll4 s SO 10rt4 in 17 1104 f2 n 222; i of Juh Auaust September Oiinher N'o ember tie. i niber Jn'iuxrx Kelu uar 5Unh I.Mai June Opvn High Low -l ;i ji to 21 11 j 1 Vrsi Close close 22 00 21 if, .'1 0 ai o 21 1,0 21 10 21 17 J I 11 .'1 3.1 21 20 21 JU '.'1 00 .'l 11 21 or, , ,. ,. , 21 10 21 01 :n 7, 2i on ..(, r,n 3J n.i .-o 07 .0 n , n ni .- -,o '.'t no 20 no 20 1 id M The Central Leather Company re- liit nl tur. tn,ii.,i.ini,i. c.-t- r.j 'liic cents tier share. ..U1. , ... . ' I'-'L.'. U....U. ........ .'". " ...,..,. 11 K. " '"'" '-'"itos rporting nn advance MO 'Mid .iddltional Klectric Stnrnge Trading. "n'tert common issued In exchange for 1 0 like nmniinl nf tr.ferrl .Ikn l.etn operators S211 nnf, ..IJIHnnnl nenersl V4r.l.nlf lommon i-uer in rvhnngn for 154 000 preferred there In futures nf 100 rei. hnncver. n quiet, ts ith awaiting development. porta for quarter tnded June 30 irv, plus after federal taxes and charges $4 230.345 against .$2,112,016 In pre vious quarter and $2,122,482 ln June, 1018 quarter. UTllllllllll 1 1 1 1 II 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 1 1 III II M It 1 1 1 1 1 IIIIIII1IIIIIIIIIL- 20 0 ;j . , 20 lift jo . The 8tee! nnd Tube Companv of Amrricn ha filed with the secretarv of tnte nf lHawarc certificate nf in creaie jn capital stock from $25,000. OOtl to ,5'JO. 7.10,000. The New York Snhfrr.isnrr rnlnrr! BAR SILVER M43.000 from the banks levtcrdav. Commercial bar s.iher .,,.. 1,1 making a cath net rain since Fridav of Xen York todav nt SI 041. an i.... I "'' " n London the nrice iHr.n.4 -,. . . 4 n .1 ' ...,.. j nr v,nck urint. enmmtrten rtf the Philadelphia ej,rhangc has todav admit- J2 4d to 543,1 10fl4 wwmnimiiiiiiiiB z ' LATIN AMERICA is peculiarly our field for foreign-trade development. Our connections in that territory established many years ago enable us to finance exports and imports promptly and on favorable terms. CONFERENCES INVITED AND INQUIRIES CHEERFULLY ANSWERED Capital, Surplus and Profits over $10,000,000 THE FOURTH STREET NATIONAL BANK 131-145 South Fourth Street 'Ml!l!Iffl!Bfl The Story of the World War on the American Ticker inslill It the s"biect ur latest circular. It answers the questions: , hm,!i d Prescn' P"C4?s of standard stocks and UUi and the ears preceding the war? ere prices loner durinj; the war than in 1907? securities' war Dnerted difr"-nt classes of CUIritfesndChLY.,that ,n" !?,erest a11 hoIde" "f 1X11 es- an? has been 0uotd as "The most inter- .-" v. ,. U1K Par anfl iijittiiauiion real year and full of Copies furnished on application. mrt-r inquiry on any current iniesUnent subject Edward B.Smith & Co ' ESTABUSHED 1892. BANKERS 1411 Chestnut Strf-tt 80 Pine Street PUILADELTUU New Yobk I "Result of Doing Business Right Is More Business" This Bank's statements to the Comp troller showed Surplus and Undivided Dite Capital Profltt Depolt June 23, 1909.$ 500,000 $1,335,000 $18,932,000 June 30, 1914. 1,000,000 1,920,000 27,387,000 June 30, 1919. 2,000,000 4,100,000 42,334,000 Why trouble with poor service, your business to the Send L'l I Corn Exchange National Bank 1 Philadelphia I Chestnut at Second fiiiiiiiiinniiiiiiiiiiiiMiiHiiniMiiiiiMiiiiiiiiHiiirLiiiiiiiiiiiiiiiiiiiiiiiiiiiiiif? HI 1 1 1 I 1, WEW ISSUE II ii 8 1 k. i i NEW ISSUE $10,000,000 Canadian Northern Railway 212-Year 6 Collateral Trust Gold Notes, due February 1, 1922 5-Year 6 Collateral Trust Gold Notes, due August 1, 1924 Dated Auguit 1, 1919. Intereat payable February 1 and August 1. Principal and interest payable in gold in New York. Coupon Notea of $1,000 with proviiion for registration of principal 6-Year Notea callable on 60 days notice on or after February 1, 1922. Callable price 101 'J and interest to February 1, 1923, 101 and intereat to February 1, 1924, and 100 and interest thereafter to maturity The Company agrees to pay the United States Normal Income Tax up to 2tif exemption is not claimed by the Noteholder Total Authorized $10,000,000 The direct obligation of the Company, specifically secured by pledge with the Trustee of $14,286,000 Canadian Northern Railway General Mortgage 4 Bonds, due Sept. 1, 1934 The Dominion of Canada, which own the entire outstanding $100,000,000 Capital Stock of the Company, unconditionally guarantees both principal and interest of the pledged bonds Having Sold Over Three-Quarters of This Issue We Offer the Remaining Notes Subject to Approval of Legality by Our Counsel Price 100 and Accrued Interest The amount to be issued of each of the tw o maturities (aggregating $10,000,000), will be determined by the relative totals sold under this offering. $30,000,000 ovemrnent of Switzerland ty-2 Gold Bonds Dated August 1, 1919 Due August 1, 1929 Wm. A. Read & Co. New York 1421 Chestnut Street Philadelphia Chicago Boston Interest payable February 1 and August 1. Principal and interest payable in United Statos gold coin, in Hew York City v at office of Lee, Higginson & Co., Fiscal Agents. Coupon bonds in denomination of $1,000 and $50", registerable as to principal only. These bonds are the direct obligation of the Swiss Confederation (Gov ernment of Switzerland ) . The general debt of Switzerland, including this issue, ie approximately $370,264,370. The population (1919 estimate) is 4,300,000, or a per capita general debt of about $86. Besides the above debt, the Government owns about 1,758 miles of rail road, more than half of the total) mileage in Switzerland, on which there is a total debt incurred or assumed by the Government of about $357,037,820. In normal years the railroads have shown a substantial profit considerably in excess of the annual requirements for interest and sinking funds. The Government is frugal, the people honest and industrious. The country has shown for a hundred years steady growth in population, industry and foreign trade. Swiss Government loans are normally floated at home, and from 1906 to 1912 were issued at rates ranging from3y2 to4V4. The purpose of this loan is to provide funds to be applied to purchases of commodities and payment of other obligations due by the Swiss Government in the United States. In our opinion the credit of Switzerland is entitled to highest rating. We offer the above bonds for subscription, at 9Sr4, to yield over 6. Subscription books will be opened at the offices of the undersigned on Tues day, July 22, 1919. The right is reserved to decline any subscription and to make allotments for smaller amounts than applied for. The right is reserved to close these books at the discretion of the undersigned. The amounts due on allotments will be payable in New York, Boston or Chicago funds on August 1, 1919, against delivery of Lee, Higginson & Company's interim certificates, ex changeable for definitive bonds when received. A Lee, Higginson BOSTON NEW YORK Guaranty Trust Company Co. CHICAGO National City Company J OF NEW YORK TS iUImbiU eeatilr.M hria. wal! not rvrat!. r bi yoa Information mi advic which w( txllev to be tccurtts uil rellibl. v; " -. n & 4 i uS -Jl r-A r n i i " 'yH I? -J 3 I) . ' . f A ., .SJ hi 'V; -.?.&' ' V 4 'Aw rt' ' '" "" ' 7 iHi' ' "y .4' - :.--- KflHU '-