Z. '- j'
EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JULY 2S, 1919
17
" 4.'. -i - 'tMvyliifp'
SHARP ADVANCES ARE 'EARLY TRADE STEADY
MADE IN CORN PIT ON COTTON EXCHANGE
PHILADELPHIA MARKETS
Decembe
GRAIN AND FLOUR
XHEAT Rprr-lnls 7S AXS hntltl rii
Irnirkfr uik urtrhnngtr Krclpts Inrrrasmtt
- June ro8
frn ror .rntr 11 SnSrl "X strmf"lrm l"llncf iftrr tax
RAILROAD EARNINGS
ursTnts MnVI AND
1Mn Incrfaf
NEW YORK COFFEE MARKET
Neu rlt. .tub '" I'riiTx vnrkri)
LOCAL MINING STOCKS
T'imiP H TO, K
11 1. . ns
IJ 4 l
111 HIV.
;m iin
r Moves Into New High Active Bull Support and Firmer rn,,1","on", No Vd !n"r ,219 N '
r....J r . ex rnWofl tha PiKlit Mo.. i 'J-". -n ' r?a in"r RrnrK in;
UIUUIIU iui ui OUtlSUM.
Oi r-r iraf A' ms-"."- Krnr ii im
Oats Are Higher
Cables the Factors New
Orleans Buys
,i's T'n m" ' 1 No a rl ln'fr
in .-no l" northern (print 12 111 No .'
Jiinl Inter J2 in v, ; rf., winter jrir
Nrk J.'tl N) Jt.1 smutts $2 11 No 1
r-n winter I." tz n t
rin iir ar J1J fl ll I iii 1 hr-rrli I r a,?'lVT Incnmr
Hurt l-ITIR, n,h. Oi nr irat .7 . ':'"'" IV ""
II I'TI in hurl lorrm"!.
IX raohrrtM rrl tie
mon pr box SJ JO ar T in orinc-s ' n Ol'THr HN HWINAT
P-rl. !..-,o?-,sf. Ij,, !ro $."'x
.,--., -- I ulnnrp after taxes H 7."i
VEGETABLES N't orer in.ome y, xs
X months irrm S'l f, Mil
r"'if'p inwer , .ninnr, "rran , "its'- riirnce anp Iflxes
'.",." ""vr - '- s ' 1 nori lern pprirtB . '"'"'p iower wnions "ran mi'M"'' r.-.ii'nce anp faxes .' 7HR 471 ( .'ill s u ho nut lin,,,,!,.. !n ti . i Ilooth
2 12 No 1 hard winter JS 12 No 1 red firmer White potatoes K-inern Shore Vh Net cper Income . on 7"1 s P8S :..' , 7 "T'nnnon 1 liori mm lino DnmoiidneM n n
... ... i'J".' Birllrk' $2 3n No 1 red ninutt v r barrel No ) 4S No 2 11 "3 2 ' i brni ,i(h i i ft nm ISnril ipnnrlniff (ii m l"i
New York. July .'S The rolton - lower urad.a on their merits white potato-!. Jcrtex per haket No 1 rEW'xVLVWH hSTEBV I.1NES ... ,.nmiltnn. ,' , ' ' r""""" Kw11
. , , , T r. . ORN Supplies were .mall and the mar POclffl 1'. lower Rradft. JnffilV ribbate junl cr0 JD.IMI limh'lu j , 110r '"If ,ho "l'hnilKO Oro
rnarkrt opened strnilv, ,Taniiar 0 points' kt,', a frm t.iouh nulet We quite Pi per b.rrei l " onionx N J per i alanco iftrr tare. I47i'h' " Ml im hurt re, enrf ud spec Inl rnli- nn to the iher riek
Bronntl for the -enxon. the rnrn miirki ('...,. ., ,. , , , Jm.Vi'ii ,, ". .", ""' ,.0"''.1o !r,'V"', .i" " bu '" ' " '",ffl n" ..Net operating ineome l us sn n i ,, i,,,,.. ' "iwihal
unreel Mian, nd.an.r. In Pr es to.In 1 hlfh" , b,,t Pr , ' ICn'eV "" ' ,""U "' K ,41i J n ,vr I n'rX,, 4 "JjH Hi l1"
nnd a crnernl .leviro to l,r points low or. Ne Orleans and T.hef. TS-n.. elpt, . 4T Sno.bu.hel. Trade , nreroe omat.tiokic Nm o.rr.ttn inrorne T sin S?s i U . . T , ',' , . '.' : .'. .'
-v-iui-i uui ' tri rip rin tiniirr I ...,. .ntar-vi- ... .. i 11
Commission houses nfio mosth on pool were onrlv biners. and support
tho purchasing side, and shorts ero
driven to tover. (lie infltiemos beiiiR
fontinued droiisht? ronditions and tho
IsBiianrp of bullish opinions b lonl au
thorities as to tho outlook for tho crop
Nc business was almost ontiroh in
December but offcrinRs of all position
were absorbed easih and tin re ms not
much disposition to take the selling side
came from some of the old bull Icndm
Commission houses Fold on the improved
JR2 is; upward afti i the opening with "xt item jm Pjtler
W3 ill rr ROIUS tn J2 ''.- Dr embei to 'Jl 'Kir. ,rt,'","M
I3i itj Mnnli to 21 S7c nnd Miv to 21 s, or ji,11,'1" l'"'""""'
24(ii( about tweni tnc poiuts ibnie the pre Northern star
Ulousiline ll;eue FulJ
tin1! rt4 I M'lCb of the enrll itetnnnrl lint nl
14" 41 Irlhnlrr! .., T',, .. I... U ....I I1. 1. ii ll.l.lll.l.l) snjTKS-
tV)0 2JM , .i..,m iii. 11 iijiiui -i it" 11 1 t!t
1 01T MU iririr UUM113 witli the selling tlio'ight to niti Hul
ltnotn
01
I I.IAN' 1 11 s
nn k
1.' II
s Im
.1 no
11; 0.
17 n
07 "H
20
1 ", I '
.x
0 II
0. Ill
OS t 1
GOVERNMENT BONDS
Hid
tlH,
ps;
xj
P8V
sn
KT
,i, Paninia eoupon ?a 1010
,, Pinalm renliitered .'s P1I1I
Ut Panama coupon "9 mix
pon
iete
Panama resietrred js 101
I' inamt roup in lj I1RI
Funma recliterej Is ITHU
1 V. Mrtr..n J. Kill Oil
'" I hiupi no t im no
rr- itppine i iinn pn
1' m (Jo 'uupon 2e 1P10 tn4
Atke
09H
R2
n.'
no
P4'i
n
nn'l
offering U e oiiote Car lot as to loea
tlen .Vo t white tiofflioi, No J 'rblte
xMHVlNV x, ) white SSWWSPe N) 4
wh'to R'.iJRile
PLOm lie, eipia -,-,,-, 0n lbs In eaeke
Oitnlallnn. e.ll... .i. . ... .n.i it..
on tho Southern Products li 1401b Jute u kn winter stralcht
r. .... . . , , "n old J10 7'fll new Jl 7110. -1 near
Compan condition report, whirl) i' old liowin 71 nw jn 7Mf 10 Kani
e.iiiKiu new 5ii .ixru r 11 iHimie pnort
pi'ent old $1."512V) new 111inll-i
rnn? nhort patent old lllffll n do
showed a decline of onlr 1-10 of 1 per
rent for the month
After nn irregular enrlv trade, the
Chlmco Ss 2S ltOr! Herelnt. II)., C.N ni N NATION M, I? MLWATP
001 head s m eirb anles pteadi later Thtrd week July $t fln 4S
in'P.i lower usrix top J.'l 111 nuiK. iumi januan 1 44 1
lilHOJIt Hint weight S.I MlflJII, PHII.Arh.LrHIA AND nCAniNO
hnn picklnz nous pmooth I21MJ1C0 uno cropp $i, asl sill
piekln Hml rouirh J1HS207' p'ax ilance after taxea .' ISP 001
J."i? 21 'i0 f-et opratlnj? Income I R74 024
r i monma itrosa 3T mil (04
Hilance iftcr tmep 1 112 714
et operHllnir dellrlt rtlt J07
Aupust
epten ber
'.OWll do ftrsf cleil nil
ritent old II
I t I "l III
I RVB rLOUrt w-a In ltrht reaueet but
on acrount of 1 Irili t supplies in both first market steadied up 10 points on more m si, kp as to nuiiiti
and second hands I active bull sunnort. further T.lvernool Donvieinwe
The market ruled firm with a filr lobhlup
' rru; tieceiptp 2 ono h. id rnol e
her f ptrers beat "he j.tnek bulla and ciln
i"uv. others pi im unexenlv lower
,r'i
ssi, -.oi.-7n Z-r
DINO ' "mbe
....... nnuiri
2 700 71 1 A,"n
i!:RJ2? mi
21 nil
.' nn
S10 1H4 ;'
oo Ml line
1 B0 411
22 .'II
.- Hi
22 00
.M f0
21 s.'
.'1 74 JI 7.
21 70 -21 n,
Jl 7
21 01 .M HI
M i..
.1 i ;i -
Jl -n
RAILROAD, INDUSTRIAL
PUBLIC UTILITY
BONDS
List on request,
MARTIN & CO.
1411 WALNUT ST.
II he
(Jl lower
Mockers and feel
corn
Ontt imoird upward in Mmpathjr with bl, ,, ith ,hf farn LlVerpool
rn. lack of tam nnil loiitiniuil lii.-h .,
oeniann ror most depcrlptlonx The quota
tions were nef in aetp pinoked and air
r ptroiiit tu JV hlpher bef ptefr chui e
md intiif tihKiiriix i) , ,i im ml m l V, iV.f
12 ."ii til s-i common $10 .'M8 12 2 llsht I" ln.1'!
welsnt pood ard choice ?14 1101X17 i com
min ml m,dlum $0 ,0fl 14 Hd but hei
felf,rs 7 2-ii 14 VI nwp J7 JVffll "" ?
ili.n 11 7M817
NOIITHI.HN Pripii
s JS0I-, 79
flee lane. it IS 7.17
I t opratlnir In nme, 7 in J 14
x mmlhi urnps 41 170. 2
lalinc, after Ihxcp 1 HJ 011
op ritlnR In ome 11 171) MJ
-,02 11 '
sill I P Ileceii.l. "J 000 l,ejil Slow PITTxHlHOIl 11NCINNA1I
Erl idlx nat ie lamls about ptead uith AND M I OI I.s
DM (ix
riW 4H
411 111
J Hin mil
J 111 uo
rt 4d2 44-
7H7 li
1 'lis 1 "
tpmnor.ltiirn m er niott nt l... ....., iCItblcs.
.. ' " ' ," "" "iix ,. i urifd 11c knucklep an1 tenderp pmokert I r d , s 1 1 time Ton milieu lift western .1 .,,D Pni,t tt v.i nn
Htorj There was fanl geneinl htiv Trade during the foreuoon was quiet ' yd air dried M pork fimili ,17- lrnms xi phtrp stcadi ) ,unce after taxe. r.ji 711
tn-r hr ron,,w,, l.... i .i I ... . . . . . ?, . P Jc"rp' .'' . "." .Kklnnetl , oP,ritnB income 4 10.-
" ,m,,-. i,,i uurix an ,hp mnrket seemerl to lie getting in V'nZ t?": ' ?n ,'" yS rjemc unoui r,M ,. , . ,,.. itor.hreir.ts lnn xro.s inmni
not'ia" ri, ,;" m,;:,::. r; ; -p- -- -p- a:-- && -- - ;"?, m ..iz m ww --
-irr I.brril ' which ,s due late . the week. I REFINED SUGARS '-i'' f'Uif 'XfJr, '
An iuquirv was noted for barlev for Some selling was Imed on h.aviness. irferinas were Ucht md the ni s . o"i? 2J!i iYrV " i"" r,,Jeh" n -"
cxpoit todai. the nrst ln n g while !,n the stock nnrket nml on Tens re I W?,",?, ..Jf quo'" on " """" ,,f "r "" ," ATlLB-ReeeptV s,n head itirlie-
i.eaams iinur ransed ns fnilonp I norts to the effect that lu some counties I .. , ' "' it-er rn Jl i n ami hem weih-. New lork, Im 21 111 TTI.ri 'int.
st i- , , , ,, ua HY PRODUCTS m aium and pood n.'Mii7 mmmnn J1'"J I rmer nm pis lnioj tubs High ,rr
, ln.. .i Ifnrmers inn m.ikp ns nmoli nc n Itnlo ,f ' 1. I, iii.t ,.i v.t. . ,.., .... . 1..1.. i n . . "11. 5. -.. ..,.. .... .,- ..
1 "2?" ! 2"f 'Hi's 9- 1 ti'iU. ..., ,.,, ti, .1,0 ncie ' r,L" S.Ti'UT,l" a fair demand for p r , n mon "nd medium Jli'jis biM. icr ll'xllLtc aecoinlp liini,c state di'r
1 7's 1 721, 1 -i 1 7J inn: ro"on r'c1 'HP act e fne itoods and the market ruled stead' un attle heifers S7SO'i?14J1 rn t7fllJ-u MUl'ir
- 1 mi . i.iii 1 1 11 j r inni i rrirtooii ti.o mmtntinoiai n ,1 . .. . .. ...1 . . ...--.. ,-.... .-.
I iirrn ns vri iniiP IlPflCO-tSPIimn r,,,i,-;j ' " ' " :f"n"i"- - " , "," ' mfi cuurx jvo cii(.ii nsiu 1 t ifs.,- ieaa p ipf t 1.'
ijg STOCK BROKERS
OR BANKERS
1 IMIlt
rmrr,-i
BUTTER. EGGS AND CHEESE
Corn Itiew dellleri)
Opn HUh IjOW
Pec
C ai'
sept SOS SPS, o,
xl'u
e
Dte -Vi 4' si-
I'ork
5-rpt 11 no 12 02 ,1 71
.luh
I.arl
Sept It 7( 4 7J II Bj II 1,
Oct 14 11 14 in .11 "2
Mlhs-
Jiii jo oi jn 00 .0 eo 2s oi
'T 2S S.1 2S 01 2x 17 . 112 JS so
lid k-1
i4'i 'i laud nop news lontlniied to be con
11 PI lit so
11 ; 11
II en
1 14 10
1 IlKi IS, the bitter for l.ihhinff pale"
dieting, as reports flom the eastern belt a)VIV. cream'-n ", ho'lce ,oS fane,'
nejo consideinbh less faiorablo thin "'''''" do fair tu good i?fi iiie fanci
., , .1 c- .1 . Vrindn of rrintp Jobllng it KlWrtV fair to
those from the Southwest i in ice iifTROr
The receipts nl the" ,,,,, for the dai , ? fS tZ?r.W i' .V
are exmnincii 111 11 hihi oaies. ngiinsi ui ain iiu u ouote nee ,apep uearm
1-. nn. i,.in. o .. l 111- 1..1. . . tn mi per 'rate current rccelrls 51 w"t
,...,.-1- !.-. ,, ,- ok" -1-11 u-iiix 1 ,., ,,,., ,,.,,, jii-o r,r ,,., r,i
Solid
lilgner loiinin? am lull 1 wel
ttr Silt" e-il tdte UbIU 1 H
htp M.1loin feeder tiers ' I te
J I J po k"r steers $7fJ 10
-Ml Fl I erupts HVlO .ii
No pile Pi' Keo nrsii
' ' ' flrn HI Tt I'
ll cuhered etn '411, eton
in Sf 1 rvlra PrM-, liro,11 p' 11 1
4,'i I .11 KHthcTerl 11
cilltlp Nn 1 Ififftll
J Jf(J17c chrcks HfftV ch'cUv 11 1
I-lM IliilTalo N , ulv 2s 1'iTTt.K - S" 1i 2n?12t llrst 4i?,0c secCn 1p 4, i
H' iprs nun iHi K , 1 .i,',3l h sher 47c ptate and neirh licnnerv whl'rs .
oth s .1 (I ,11c lower Prime pteerp 1A 111 I l"0 Prftherel ,hles itliflailc git 1
." I" I" Pl iPPllIk Xleers Jl Jli1l1J'l llllte fi1l3ir,C S 1 1 h e r'd WhltCP 1c -
put; her I'njp-n i arllnas Jin Mi'i 10 western wnltep 4"rllk Piciflc Coin
are off, rid the ..erilrrs of a
1 11 w i UtKlo-e IMfl , lle
r ' netlts if e I ei p ,fe (on
tborough1
Ih at pi e'en' in Inrse ,f
i i liu,!o, ii t dp ii t dp t n a
lank .uul can pie plci di,j
cferen es -i to ,,) , t ,lnrj
itr erlfi
Address replies to Mr. Pavnr
marked "Personal "
W. HANCCJCK PAYNE
Advertising Agency
Drexel Building
Pbilndclphia
xenr lgo and lli'i biles two vears ago
DIVIDENDS DECLARED
International Hinexter t ompam nuarterli
of 1". per ,nt on iirefcrred paiable Sep
umber J to stotk of remrd Aiuusl II
Standard Snnltlri Mnnufa 'mine lorn
pani riuarterl, of 1 per ,ent on nn?ferrd
find 2 per icnl. on lomnion pivable Aucupt
ft to stockholders of re ,,rd lulv n
n
I
I II
JIa
II i h
1.1
111
T irt ird w stern xeronds $10 Kfl'TMo cil
1 n, leleitel . ejs lobt lna at "Ifflillc per
sat roda s 11 10 1 in doen
i lose open i in p tu ' HI 1 sn Offerlnrs wr llph. and the
" S-, s7 1xn II 'i J 14 on murk i ul"! nun illi demand filr Quo
I , 0. fa 117 14 so latioiis w.te .is foil, w s New York and
II IH'i is II 'i, 1 1 rn. Wis ximi) whole mill flit current mike
1111 14 xx finii ll'.'dll'ic special hluher New ror t
.1.1 ootf 0J 1no 11 oi li 70 and Wis, on, m whcKollk fltx , urrent
maKe rair to rood I. I no some jonninp nein
Where Philadelphi
IPtelN NATIONAL
c
ictL-tiUAiioAi i i i r. ... . i f A
BAM if lliein-ta !"- ; J -. I i
sr-iAWfssiDa: s I i.'S.'s '- ii It
1 -t ' rr3" i
Fl " lv n )t'ti
BEVHrrXH J?
J
STREET
Approximately Sixtjr-flve Million Dollars of Sales by
these three ireat stores right in the heart of the retail district.
A growing centre which attracts.
Philadelphia's Commercial Bank is rightly located.
PE
W25B-
NATIONAL BANK
Market at Seventh
al'a of fan i coils 14S T7 11
POULTRY
h,if rs ntil4 cows J4lni?fll Jl bull" S-
i I tf, icrs md feelers sit lo ,10 fresh
o, ind Mtrinperx 41 111 In lilies He '
ipt 1 Ton li. i I iciive .i lower fiu
IP ra
II "S.s Ii, e,,l C4m hem 2",C lower
H'ai tnlv. I .ti 1 vorl . r" (2171 liarht
"rtr. J2J 71"i21 pips JJJ 10'lJI
r iph J1',J1J1 sties l.'ris
siltKP ND UMIlIx He, eirts 1400
rnnkx ptc id ethers "tronc
1
estern md sniilhein Ljth.r. I nl. ,.
ifilc ii ite ind teirln henner bro
Rfifone Gathered rroins and nu I
,nc flr 10 ortiiic nil l
CMIP.Sl Stenlv I ,ept I2CT lv
i- it .urrcn' make , o r ,1 ii..,
11" ti 12i-c flat i urrent m ike wtiir ,
ice run ll'-a Hi. c colond spe uls
'FMIi) , w.otc "pctil" IJi- nil',,
550 $100
LIBERTY BONDS
UOLGIIT AIiD bOUJ
Biddle & Henry
104 SOUTH FIF-1H STREET
Members Phi ad"! hla Ft,k Kxthants
Limbs II.' fi 17
Hii ' if 11
fi n in
ie,irltii(t ?s?(14 wethers
m 1" mind hcep ii
M F Til" tnir t was aulet and without
important haute guotittons Fowls mi Kansas lev in , TiiU HOGS ne
express li '4uc spnre chl kens broiler- ce,PK trmn Pj x,ci,, hulk . 7" 4
"lhI"i.,'i-rl's,r.'io "V,nn',,i W'i1Ch1" ! 'l1 '- h "l"" J-II'lJI medium we.cht.
J Ibi. ipte r 101f40c some line hem .tocl s J J. ;n , n , i,2h's J rofl't II .1,1 liht-
htfh'r siring chlikent I rollers nit It- t in "- '1,k,;.",, , j . soV rto
hoi ,s sello, skinned weBhlnit 1 i IK lbs , e II T",nia - ! '-M '""
aplen, 17fi1Sc white I-culinrns ePow ' .,,.,. ""
skinne, neiuhlnp 1 K Ti J 'be iiteee ITS' ' 1ML Hecelpts J, nno head Ijower
14c white I -,! orn lellow skinne 1 smaller I l"l ""i ' in e ind prtine jihhil'o
sl, s lO'ii IJ, ro,,"ters J3t?2l duck" P-- 's- medium ird send Mle.t'ulO 0
kin JS i tn, lo Indian llunner JfltfJSc nimon Jlloofjll ,a llrht wclshta jnoj
aecpe 20 pipeons oil pit pjir 401141, f ii lint, 1 4 ll'Tl? u , ommon and
di otinp prpiir 1 1 40l l i It mi t'l iln 1 Jl co i s and heifer
DRRSsPD- To .Is w re ster qnd m fil- J'l'O'fiH uanners and tutterx $130 Jl
demand nrilllnp chickens were dull and seal ili" llsht and h-nd weitht J!J21ff
llw er Me quote Fowls frepli killed dn 31 fer ler "leers tlflfiU 40 steelier steerj
picked tn loxes weiphlne I lbs inrl oer , in ' 1
BAR SILVER
Common lal b.ir siher was rjiioted to
tin in New York it St 07. .m lu
irease of ' .c In r.ondon the pun ,
an id 'sd to ",",,
LIBERTY BONDS
BOUGHT nnd SOLD
Anr Denominations
Samuel K. Phillips & Ca
BI7 CltrsrNTT STRIT!T
lfmlsirii I'lilladoUihla htork Kxtksasti
UNSTED STATES
E
LIBERTY LOAN SECURITIES
pprox. 'V lcH If Appfoi
c ttl1"tl, or t " l-ld tn
Half- (Jillabl t)u- fIIHik- at par Maturity
ou Cnllhltk Dnte
3l2r,i 1932 1947 3.57' r 3.54
334- 1922 1923 3.75 3.75
4 ', 1932 1947 4.G4C, 4.39
4 1927 1942 4.98'-, 4.45
414 1932 1947 4.77' r 4.57
4y4rr 1927 1942 5.13 4.67
414 1933 1938 4.84 4.73
4 1922 1923 4.75 4.75
414 1328 4.91
S50, 3100. C500 AMD $1000 DE?10MINATI0HS
FULL INFORMATION PtZGARDING TAX FEA
TURES OF THE LIBERTY LOAN SECURITIES
WILL BE FURNISHED UPON REQUEST
M&TGOfVlr.RY & CO.
137 s. LA SALLE ST
CHICAGO
133 S 4TH ST.
PHILADELPHIA
14 WALL ST
NEW YORK
jinitnr.nx or Tiir ni-u ntK xn ran roi k r,f ii noks
(,o i it mi i n r xi t i uirli m pvktmi n r
1I.I 1 I'HOM s 111 I I, lllMIlMU) ITO. ht.lxTIIMi, X1AIN 2381
1-
II a
109! 17
apleie 1T. welchmc 1'j
weipnins i ms
rep 11 ri IJ,
finci dn licked w"Uhnp 4 lbs and over
iplecc 11 welBbliitf IK 11" UtttUr
w Iphlnr 1 Iht 1."711 pmaller pU.s in
11 11c old roo"t,rs dri picked Jlc broil
ers lersev 4S't,ik di other nearhi 4 4
-li, di i 'stern 10T42c spring ducks
'ip I I nd 11 "tuil" per do en whl ,
wciphinp 11 i 12 lbs JS Ml If u Jl do di
v.lihlSL (lolll lbs ner lozen 7 "flWS '1
li do welshlnp s lb" pei doen 1U-H rt 7
xlll
T ti .r r.,. , nun I.....4 t . ..
ai'lece lllfllf snulVr l.ambs J1J71111H .0 tulip uil ommnn
fresh Kill, 1 In birrels j, nil. 0 teirlinT wclhers S1K11 .1
r , es $1 loirl'i lil ewts ,'ills and conim n ,
Sin I i ed up ies lou 11 in f fd-r
liml - 1.' 7 ii 14 ,n i
London Metal Markets
New Aork Jul 2 i able adilces re
I . .!. X..... V.r,. If... I 1'..1. .... .1...
S.. A", Philip ; Us nc' dozen J4 101? m rn,. nuotfd rri,es lu I mdon todai as I
t.sIJ"1 ""rnlrf, V ,'.' " Pr doze,, ,, nwI1 Tin hi ,i r.'. in idi.nre of (
j in olio dar II 'neS J Jfi unixll n I ,,.,. (.v,r, 10s m upturn of C7 pis I
I
hll. ! 12
FRESH FRUITS
Appls Tclr b-rri-c trrt-cu'-'- watr
melon? int t mip.H nni pTrdr flrnirr
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I THE KENSINGTON NATIONAL BANK
Girard and Frankford Avenues
PHILADELPHIA
I The Oldest Bank North of Market Street
Chartered as a State Bank 1826 National Bank 1S61
Resources, $5,291,000
s We invite the accounts of Individuals, Firms,
Corporations and Building Associations
E Savings Fund Departm-ent Open Friday Evenings From
7 to 9 'Clock
TitllllllllllllllllllllM'IIIIIMIMIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIjIK;))-; ;
Desirable for
Taistees and Executors
For a particularly attractive combination
of safety and good income yield, we offer
New York Central and Hudson River RR.
MICHIGAN CENTRAL
3V4 Collateral Gold Bonds
Due Feb. 1, 199S (Registered" Denominations $1000
EXEMPT
from
Pennsylvania Four Mills Tax
New York State Tax
2 Normal Federal Income Tax
PRICE TO YIELD ABOUT
5.20
ITrirV for Circular P. P. L.-3U
E6llisferVliite4&:Co.
IMCORPORATtO
North American Building
PHILADELPHIA
BOSTON PROVIDENCE SPRINGFIELD
AMERICAN SHIP
and COMMERCE
CORPORATION
Chandler Bros. & Co.
ilem&ers New York Stock Exchange
34 Pine Street 1338 Chestnut Street
New York Philadelphia
"a
MUNICIPAL BONDS EXEMPT
FROM ALL FEDERAL INCOME TAX
$176,000 Atlantic County, N. J 48, 1921 to 1033.. .to return 1.40
60,000 Niagara Falls, N. Y., Kegi&tered ls, 1939... to return 4.30
136,000 ClilTside Park, N. J., 5'4s,-1923, 1?24 to return 4.70
75,000 Til roop, Lackawanna Co., Pa., 5s, 1925 to 1939, to return 4.40
45,000 Township of Tinicum, Del. Co., Pa., 5s, 1948.. to return 4.50
Full Particulars Upon Request
M. F.t FREEMAN & CO.
421 Chestnut Street
33 Hints to
Money Makers
Men with money to use in the market
should read our free booklet containing a
chapter on
"Market Strategy"
the method by which successful investors
and traders group their selections so as to
enjoy a maximum degree of Safety and Profit.
Typical groups given, showing amounts re
quired. Even experienced traders have found
"Market Strategy" helpful. Order at once.
Call, phone or write for No. T. U.-601
JONES & BAKER
SECURITIES
Widener Bldg., Philadelphia
NEW TORK
CHICAGO
Phones Bell, H'alnut 6065
Keystone, Jlace 2290
DETROIT
fllrrc Privaf TftVa
PITTSBURGH
BOSTON
New Issue
$600,000
NEEDHAM TIRE COMPANY
7 Cumulative Convertible Preferred Stock
Redeemable as a whole or in part at the option of the Company upon 60 days'
notice at $120 per share.
Convertible into Common stock at any time, par for par
Dividends payable semi-annually, February 1 and August 1. Par Value $100
Free from U. S. Normal Income Tax and Tax Exempt in Massachusetts
TRANSFER AGENTS
Equitable Trust Company, Botton, Mass.
REGISTRAR
Metropolitan Trust Company, Boston, Mass.
CAPITALIZATION
Including present financins.
7 Preferred Stock
Common Stock
Authorized
$1,000,000
1,500,000
Outstanding
$1,000,000
500,000
Balance of Authorized Common Stock
Preferred stock.
The Needham Tire Company was in
corporated under Massachusetts Laws in
November, 1914, and is engaged in the
Manufacture of automobile tires, fiber
soles and rubber heels and owns its plant,
consisting of 1 6 acres of very valuable
land, with suitable buildings and a devel
oped water power at Charles River Sta
tion, in the Towns of Needham and Dover,
Mass. There is and can be no mortgage
debt upon the Company's property ex
cept by vote of 75 of the Preferred
shareholders.
PURPOSE OF ISSUE
The proceeds from this issue will be
used to retire an issue of $200,000 67
Two Year Notes due December 1 , 1919.
and ' 'Id an additional factory, now
well under way, which will be completed
by the first of September, including steam
plant, heating system, power station, ad
ditional tire equipment and new mills,
increasing the capacity of the plant 300
and to provide additional working capital
incident to this increased capacity.
SECURITY
The Company will have no notes or
outstanding liabilities other than current
trade bills. This stock has preference as
to assets and is preferred and cumulative
as to dividends.
CONVERTIBILITY
A feature of this issue is that at offer
ing piice it yields 7.75 per cent, free of
tax, and offers exceptional speculative
possibilities through the privilege of con
version at any time into the Common
stock on the basis of share for share.
held
Company's treasury for conversion of
EARNINGS
The Company has paid 7r'c on its out
standing Preferred stock since incorpora
tion, and for the last six months shows in
addition earnings at the rate of 1 2C'C per
annum on the Common stock.
The increased earnings as the result
of this new financing will be several times
the dividend requirements of the Preferred
stock.
BUSINESS
The Company manufactures what is
conceded to be one of the best tires on
the market today, as well as operating a
department devoted to fiber soles and rub
ber heels, which is rapidly growing.
An important authority in the auto
mobile industry maker the statement that
the year 1920 will require 14, 000,000
tires for new cars alone and that the pres
ent tire production of the country is en
tirely inadequate to fill this demand.
The Company markets its product
through prominent distributors in the
principal cities of America, and for the
last year has been unable to fill more than
50 of its ordeis, hence, the need of the
new factory and equipment which will be
in operation by September 1.
LEGALITY
The legality of this issue has been
passed upon and approved by Messrs.
Barker, Wood 6c Williams, of Boston.
Stock certificates are deliverable
August 1, from which date dividends
accrue to the purchasers.
Price $90 per share, yielding 7.75
Detailed Circular on Request
FAIRMAN & COMPANY
Established 1902
Drexel Building, Philadelphia
BURGESS-LANG & CO.
Sears Building, Boston
Wt do not guarantee the information contained in this advertisement, but believe it to be accurate, and it
it the same on which we based the purchase of this issue.
Tel. Lombard 710
Philadelphia
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