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EVENING PUBLIC LEDGEK PHILADELPHIA, WEDNESDAY, JULY 30, 1919
is
NEWS OF THE FINANCIAL WORLD CLOSING STOCK PRICES
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VUiXjoiii. e:x USB
BONDS BACKED BY
WHOLE COMMUNITIES
TWENTY states, from
Massachusetts to Texas,
supply the 31 carefully se
lected state and municipal
bond Issues Included in our
current offerings. Exempt
from all Federal Income
Taxes.
Yieldinr from 4.275 to 5.40
Send for Offering Sheet VE-2M
The National City
Company
Correspondent Offices in St CtiUa
Philadelphia 1421 Cheilnat St.
Atlantic Citj Chalfonte Block
1225 Boardwalk
CHANGE IN MARKET POSITION
CAUSES COMMENT BY BROKERS
Variations to Be Regarded Simply as Incidental to the Bull
Campaign Bonds in Fair Demand
High Points in Today's Financial News
Traders on the New York exchange are bearish and brokers con
tinue to advise moderation in dealings. Shares of the Amcricnn Ship
and Commerce Corporation make their initial appearance on the local
exchange. Trade is limited on the Curb. Foreign exchange rallies
from weakness during the morning session. Crop news checks selling
in the corn pit. Cotton is lower. Bar silver is lower in New York and
higher in London.
New York Stocks
Ailfima Kxp . .
Adv Ilumcljr.
do prcf . . .
Ajnx Kutibcr.
Alnska Old M
Alfiftkn ,.Tunrnu
Allis-Clinlmors.
HiKh
ni
4S
Low Close
roy r.i
40Mi 40M.
Net
chae.
1
1
110VI 108 110
a a a ..
: ay, 2..
47 4.-.Vi 40 V
in tlio market po
of n good denl of
The Most Conservative
Way to Invest
is to buy the bonds
that are popular with
many banks, trust
companies, insurance
companies and experi
enced private invest
ors. W e recommend for
consideration the first
mortgage bond de
scribed in our circular
No. E-49, which we
shall be glad to send to
those interested.
Hemphill, Noyes & Co.
ItcmVcrs yew Yoik Stock Exchange
Franklin Bank Bldg., Phila.
NEW YORK BOSTON SCilANTON
-fflW
-V-
A GRAPHIC CHAR
OF LIBERTY BOND
TELLS AT A GLANCE THE PRIN.
CIPAL FEATURES OF THE SEVERAL
LIBERTY LOAN ISSUES. AN IN
VALUADLE AID IN MAKING OUT
INCOME AND SURTAX REPORTS.
EENT FREE ON REQUEST.
BAKER, AYLING & YOUHG
LAND TITLE BUILDING
BOSTON PHILADELPHIA
Investment
Bonds
Welsh Brothers
328 Chestnut Street
rhllttdolplil.i
Lombard 1543
New York, .Inly .'0 A liifili cIcricc- of vtiilntlnn
vitimi of ninny issues iliiriiiK the dm uns the cause
(oinment nml mmlp mnin think Hint declines In stiiiulni d issues, while
mmiPMius specialties mined up so shnrpl ns to hrenk pinions records, must
mean that n halt is imminent in the Ioiik continued hull operations. Hut,
ns n mattei of fact, these wirinticms must he regarded simply as incidental
ns to the hull campaign, ns it must lie understood that prices cannot ro up
nil the time and all stoKs cannot he maintained at the highest levels Hint
hae hren reached. '
Otherwise the hull campaign would run its course and come to n
sudden ends, as with a full appreciation of piospectivc values and a complete
nbsoiptinn of stocks theie could he no fuither opportunitj for speculation.
Strength was shown in the milj ti.iilmg todaj , heiaue of the good
hoing made in the Tinted States Steel statement for the June quarter,
hut eailj advances in the Steel stocks met a supply, nml sharp declines
occ unci! in those issues
Tinted States Steel innged fiom 11.'UM to 110".. with a lally of about
1 point, ami lialdwin Locomotive, after selling at 117lj. declined to 11.1.
I'ethlehcni Steel and Ciucible acted m the sum' nil), with tallies in these
stocks ns soon as the selling pressuie diminished
1'ioiioiiiiiccl strength was shown in the YVhclan storks, I'nited Cigar
Stoics moving up fiom 1! 11! ' "i to L,l!)'. American Hide and Leather
common ndvnnccd more than 1 points to the new high record of 41 Vi-
I'nited Ketnil Stoics, selling at 1(1(1 in the carlj tindiiig, advanced to
110. Tobacco I'loducts moved up fiom 10S to 11.1.
Theie was a fair demand foi bonds, vvilli a good inquiry for railroad
inclustii.il issues at virtuall.v unchanged prices, (iovrinment issues were
ti ailed in on a fairl huge scale, with the I.iheitj llomls and Victory notes
slightlj lower.
01
7.1 Vi
"Vi,
wt-y,
10(1
I-.HV4
S4
no
10714
Am Agr Chcm.107 10r-y, 100 1
do pref ....100 100 100 1
Am licet Sugar 01 00 01
Am Can fiS 07 r7
I Am far fc F.117JJ4 lir. HOVi 1
I Am II Mngneto.121 118 110V4 2
Am Cotton Oil. 0.1 0.1 03 A
Am Druggists 12 ft 12ft 12ft
Am Hide & I, 41V, 3." 40 3
do pref 132"130V4 132VI Vi
Amer Int Corn.llt 10(IV. lOOVi
Am Ice Sec . . 0.1
do pref .... 73
Am I.lnseed . . 7(1
Am iocomotive 01 ft
do pref ....10
Am Malt .... 1"
Am Smelting.. S,".
Am Hank Note "0
Am Smelt pf...l(l7'j
Am Sum Tob..l0S 105 104-
aiii meei x ciry 4ii'2 ? - va Vs
Am Sugar 137 I.'K 1.1.1 3
Am Tel cS. Tel.104 103 104 -f-
Am Tobacco... 2.-.0K. 24(1 2.'0 !
do pref new. 100 100 100..
Am Wool 12.1 120 12.1
do ptef 100 10!) ltm
Am Wut V pf (12
Am Zinc .1 Lcl 27
Am Zinc 4 I. pf 113
Anaconda .... 7
Assoc ia'd Oil... 0.1
Atchison 100
do pref K"
Atl llir A. Atl 14
Haldvvin Loco...ll7 11.1 114', 2
Halt & Ohio... 4(5 40, 4(t
do pref f." rl "(4..
Ilarrett Co ...13.1', 134 1.14
EBEARiSH TRADING IS
IN ILL ST, MARKET IN OUTSIDE MARKET
Rights to Subscribe
Third National Bank
Tradesmens National Bank
Commercial Trust Company
BARNES & L0FLAND
147 South 4th St.
FINANCIAL
IIAVINO UlVK'.i II- IlL'tlMZSS to enlist.
and not desiring to re-tstabllsh, young
business man, -M deslrPH to locate with
French or English exporter, manufacturer
or large corporation, only firms of good
standing Eleven oars of thorough, prac
tical huslness experience
Highest credentials and all other Informa
tion at Interview
n 300, i.Knr.F.R offick.
niTldcnds
AI.I1INK Till ST COMPANY
tOZO Chestnut Nt I'hlladrlphla
The Hoard of Directors of this Company
ii&a urunini .. ri"utr quarterly dividend
of two hiiu unr-nuii per cent on the capita
of the Company, payable August 1st. 1010,
Checks v.111 He mailed ' ' Ia
THOMAS If. INGtlA.M
Treasurer
THE I-I-HIlill COM. AM) XAMUATlilZ
COMI'AM '""! IO
Philadelphia, June 25 1010
DIVIDEND NO 103 ' "
The Hoard of .Managers this day declared
a quarterly dividend of tno per rent til or!
per share) on the Capital Steele of the Com
rany. payable August 30. 1019, to stojk
holdera as registered on the books of th
Company at 3 o'clock p. m. Julv 31 lnin
Check, will be mailed to stockholders who
have filed permanent dividend orders
HKNRT H PHASE, Secretary.
i.
&
.'
Brokerage Houses Advise Mod
eration Still Uneasy About
Money Situation
Stock sales tod.ij on the New York
exchange, as compiled liy the livening
Sun, totaled 1.2.18,700 sh.ires.
New Yoik, .Tnlj .'SO The New York
livening Sim's I111a11ei.il review this
afternoon is as follows:
The coin se of pi ices in todnj's stool;
market indicated that counter forces
were at work which, at times tlnougli
the (session, seemed very neailv to
halanee each other. Tiadeis vveie bear
ish and most of the more influential
brokerage houses continued to advise
moderation not onlv because prices
have reached a level at which few issues
may be regarded as ical bargains with
n possible summer lull to face, but also
because there lias been, mid still is, a
decided feeling of uneasiness with ic
spect to monej .
Added to these considerations there
was conviction of a soit that made for
an instinctive sense of impending change
in the chainctei of the linrket Whether
instilled b events or not this situation
is explanatory of the tiimditv, pru
dence, or whntever one mav choose to
call it, of the rank and tile of the
stiect Most oveijbnclv is waiting fm
something and a good part of that
something would seem to be ccineeined
with what will be done about the
money supply and the legulution of
foreign exchange.
The unexpectedlj favorable showing
in the I'nited States Steel cpiaiterlj re
port proved to be a very mild bullish
factor not through lack of satisfaction
at whnt it promises for the third ciunr-
ter of the jear, hut because under the
circumstances it could not operate as a
factor of the first importance. Money is
flowing out of New Yoik to the West
for crop moving pin poses. Through tie-
teiioration in the ciops themselves the
financial demands of this chaiacter
probably will fall shoit of earlier bank
ing estimates. Anv relief to be felt in
of two and one-half per cent on the capital 1 c onseciuence will probablj be more than
neutralised bj growing realization ot
what Kurope mnj demand in the wnj of
credits.
The Federal Iteseive I?oard again met
at Washington and the repented state
ment that it would take up the matter
of brokeiage loans which was again
denied, it is needless to sa, gave the
bears their opportunity in the middle
of the forenoon to depress prices 1 to ,".
points or so. The early ti.iding was
on a rising scale and mere was pretiv
good recover mound noon and the fii'ht
part of the afternoon.
Business was in larger volume than
either Monday or Tuesdaj. As was
the case esterday, the copper and rail
road stocks were steadier than the rest
of the list. The tobaccos were strong,
particularly I'nited Hctail Stores. Hide
nnd Leather common wn 11 bought.
The motors and i-pecialties were 1: der
more insistent pressure than the otheis.
The tobacco group held the center of
the stage as the session progressed, and
in the last hour there was pronounced
strength in that cinnrter. The steels
were barely able to hold their modesi
rally. Aside from a few individual
shares, like Hide nnd Leather common,
American Writing Paper preferred and
a few others, the list refused to follow
the lead of the tobaccos, and the clos-
inir was irregular. ar bonds were
firm and actively bought.
Money rates steadied, ruling nt 0 and
fl'A per cent, with business rather light
In both call nnd time funds. The out
ward flow of gold from this center and
San Francisco continued in moderate
amounts. Weakness in francs was the
feature of foreign exchange, Paris bills
touching a new low point at 7.32 for
checks 8 centimes down. Sterling
reacted 2 points to $4.3.", and Belgian
francs lost 10 points. Lire eased off t
points also, while the Scandinavian
rates firmed materially.
The Iron Age states that increasing
operation of blast furnaces and Rteel
plants in the Pittsburgh district lias
an emphasized tendency and that un
filled, orders arc accumulating at a time
of the jear often marked by slacken
ing;. In a, 'few JIaes higher prices have
j . . 1 :" ', ' .
Oils Quiet, Without Special
Change Interest in Motors
' Is Lacking
New York, Julv 30 Tiading 011 the
Iiiond Street dub was on a huge scale
in inanj stocks, vvitli some new promo
tions being forced into prominence b.v
execution of manipulative orders in
huge volume.
The Sinclair Oil Combination took
new shape on the announcement that the
new (ompnin hud been chartered in New
Yoik instead of Delnvvaie. Oil stocks
vveie gcncinll quiet without special
change.
Motor stocks also showed little
change. I'isk Rubber Tire ranging 4714
to Ji!1'!.
Allied -Packers sold nt 04 to 02V-.
Commonwealth Petroleum w'ns traded
in nt ."'s1. to ."S.
INDl STRI MS
111,1
1 01,
A. tn 1 HxpIn-aKe
m llrll .M.k
Am Marronl
Amor rltlrii; Paper
Air KMuctlon
c in till in rur Co
1 m I ir t I'dv pfd
c .irbon f tml . t
c'truen Toil
Lhilmprs Motors .
c'h,rnlit Motors
I urllss Apruplane
I m.Tion 1'honuer.iph .
II ill si n.ii
llupri Motors
Int.r I'roducts
Intel Huhhcr
1 iKc Jnr,it-in Moat
l."hlBh Coal ilea
l.lhln .MrN & I.lhhj
I Ini 1 I.ntnmntlve
Mirtln I'crr
M ixlm Munl'lons
N Scilpbulliline
North Am Paper Pulp
otl i:iev.ilor
JVirliss .Motor . '
I'rfictlon TIB
Philip Morris
Poole Hnar
Mm. 11 NY . '"
.snohl Ohio ... .
.Se rinp Kooth
Mand ird Motors
steel Alloj .
hmarlne
Svilft lnt
Todd .Shipbuilding; . .
Trlantle Kllm
Inltecl Motors
KnLlf,i'. Iro,u f'harlnK
l S Steamship
World s Kllm
Wright Martin Air
Yea cloe
Ask (tale)
Special Meetlnrs
cjh3S- IHK lILMl.MiDo.S t, lio4l"77n:
IKE MOUNTAIN RAILROAC (COAL
COMPANY -"A.
Notice is nereuy given that a D.ei.i
meetlns of the stocknolder. ot The h?n.
ingdon Droad Top Mountain Rallm.Hnt;
Coal Company Is called to convV?" ? ,ht
aeneral omces. of the commny. i?", ai.'h
American liulldlnc,
lnn'"?JNorth
-"siiaurri vti
tnlu 1 ' rt'r!riir innn . j. UBl imlu.
r.ferenca to enterlne Into an ,J,.
with the Director General of Rallfo.rt'
latlnr to compensation to be Mia Si" ,rhe:
use and control of the company rau3
property and the operation, maintenance ?S5
turn of such property and other 55?. .".I11
connected mm or urowinc out of the ifiilV 1
Control Act or the takln over of .fA.1
connected vlth or arrow
' " resiaeni OX th. n.r.11
J.OOnMLET.
property
Btatei.
Pronosalo
or
OFFICE OF TIIK rOMMli'j!,ONKR1J"y,
111 City Hall, Philadelphia
Sealed proposals will be received .,.
office until eleien o'floek a. m. on ThSiJi"
Antuat 7. 1019. for dredeln. '"""day.
Full particular! aa to form and ...., ..
qulrement, 01 the proposal, with the nii;
tatned at this orrice.
The Commissioners reserve the rirht -reject
any or all bids. '" """ to
,Vp.'rrk0t th. cmm'"'r. ot Fair-
Biount Park
ALAN CORSOlJ.
Chief Engineer.
IJELAWARE BIVU RAIUtOAli
Broad rt Bu'UoTWaK -
. c-HiiaoeipniR. July 10, 191ft.
, Seated proposals win be received at thla
offlca until noon or. the Slat day ot JtVlr
-191S. for sale to this companj at the low-
par, or aurriclent
Uaae 4 Uonds.
to. Invest the sum
lei
SIVs
. 40
no
no
. 10'
2"C
. 1.1
. 11
. S
14'4
. 41)
-V,i
- -2
. Rs
. IIS
ss
. 33
:
.10H
. 44
:: ,4
, 3(1
'. Ilii'-s
-. .in
N
. . .1
. 18
. ns
..137
.. 1
11
Ill 4
r.
100
Uci
s
11
3mi
in
10
14'i
41
'4
it-'
3d
11.'
Sl'
c.l'
1,
4H
l'
14',
.'(I
Illinois
Ohio .
1'ralrie Pipe
S O c.il
S O of N
t O N V
STNnnn
3'
3
OILS
181
21)3
.110
VI
sic.
IN'!
HO
140
r1'
3',
10'a
3T4
l.'i
07
14'd
44V,
.-.a
i'i
H'a
M'i
3'J'l
18'i
138
(11 1
7:iy2..
7(i 1
IK) 1-
10(1
r."'j
84
no 2
107H
1
a:
27 27
0.'! (VI . .
71 "4 Vj
!).ti. IW lVi
il- 100
84 Ki . .
144 U'A i
lleth Steel .... !)! W
do II lOOOi 1)7
Ilkn Hap Tr.. .'12 III
llooth l'ish Co 2.') 22
Hums Ilros.. . .ir,' 1,"3
ltutte V . V. CA3VI 11
Ilrunswick .... T."i 14V.
lluttcrick Co.. :)i
lluttc iS. S Cop 2!)
Calumet . Ar M'j
Cal 1'etro 48
do pief ... 81
Cal Packing Co 72
lo pref- 111!
Can l'ncific ...1(11
Certnin-td Prod 1(1
Cent I'dy Co. 41
!Hi
OS 1
:n 1
i':i
ir.3 -4a
12 1
lrs
as 1
as
Nit,
4S l- i.
81 V.
nvi
2S
Kty,
4(i4
81
71 72V4..
110 11(1 1
100 1(S0
44t 44 IH
oni .. i . .
ouyj ii fi1
"o Prct 74Vi 71 M 7,'l 4-1
Cent Leather .114't 111 112'4 14
Cerro tie I'nsco it'.', (!0't 02V. Ti
v in IV i, in pt i i(i
Chandler Mot..2."0ii 247
Chesn S. Ohio (i.-V4 04
c 'in urt st pf 28
Chi JI & St I'. 48
do pref .... 71
CM & Xrthwst !I0
Chi It I & 1 tc 20
do 0 pc pf. . (J7
Chi It I .V 1'ac
7 pc prcf. "il V,
c c c & st l. no "
do pref 72
Chile Copper . 20
Cliino Con Cop 4Si,
Col Fuel & Ir. n0
Col (ins & i:iec li'l
Consol (Jas 101
Cont Can !).V4
Corn Products, 111
Con I K Min. . 21
Consol Sig pref .Vi",
Crucible Steel 140
2S
47
71
sy.
2i)4
00
78 14
no
72
2(1 V,
48 "
no
01
100
04
ss
20
8.1V.
13.T
do pref 101 101
Culm Cane Sug .'!.- :54
do pref SOi4 7!)Ts
Del iS. Hudson. 112 VllflVj
Denver A. It C. 0 11
do pref .... Ill S4
Dome Mines. U.'V. 1,1
Del Lack & W.lf)0 111(1 l!miy.
Continental Ins 74 7.1 7.1 !
Llk Horn Tuel. 41 40 40 1
Ln Johnson ..118 114 1172
do pref 104', 104 101V, . .
Lric IS'j 18 18V.4-
do 1st pref.. .101,4 .10 .10 u.
1 Ted M Sc S pf . 42 42 42 . .
Hasten Willims .10', .".."H .1,"', y4
(Son Cigar Co.... 04 !l(l 0.1
Cen Klec C0...IOO 10S 100 4-iy
(ien Motors ...,22S 22.1 22."'(! 3
do pref 02K i)2l. !12Vj ',
Ooodiich II P.. 84V. S2', 82 V..
rniunucPlnv nro 11(11 1 1 1 1 t M nn7
j Mill who. ,t,, iintiiW. t 17J -I I1l i'lu
LITTLE OF INTEREST OCCURS
ON THE LOCAL EXCHANGE
Sliares of the American Ship and Commerce Corporation Make
Initial Appearance Steel Sells Off
Business on the Philadelphia Stock Exchange nt today's session developed
little of interest. Trndera were slow about getting started, waiting, apparently,
to ascertain what effect the report of the United States Steel Corporation, issued
late yesterday, would have on market opinion.
While the opening of the exchange wns steady, there were no sales of
United States Steel, nor of Lake Superior in the early dealings, nnd when
these stocks finally came out both showed declines. In the case of the former,
this loss was more thnn n point, while Lake Superior, in which there wns
quite heavy trading, Blld off .
Shnres of the Americnn Ship nnd Commerce Corporation nppeared on
the exchange for the first time today, attracting a fair amount ofvtittention,
the price ranging from nbovc 42. Cramps was another fnvorltc in the day's
transactions, the quotation holding nt about recent levels.
Buffalo and Susquehanna preferred made a nice advance nt fiS, up 2 from
Inst previous sale nnd Westmoreland Coal, on n small sale, was marked up .
Keystone Telephone dropped more than Vj on a turnover of something like "a
hundred shares.
Hales in the bond section of the exchange were limited. A block of $3000
Electric and People's Traction was down nt 00. Heading gcncrnl 4s
Lehigh Valley Gs, 102.1, and Lehigh Vnlley Conl us held about steady.
NEW YORK STOCKS (Continued)
Hltr'.i Low
X Y Air Brake 120 110
X Y Central.. 80 711
X Y Dock 70 08
do pref .... 7.1 71
X Y X II & H. 40 V. .IS
Xorf & South. 17
Xorf & West. KM
do pref .... 70
Xorth Amer .. 0.1
North Pacific. 04
Nova Sco Steel 8.";
Ohio (Jns fi7
Ohio Puel Sup 54
Out Silver 8
Owens Hottle . CO
Okln P & Itef 11
Pacific O & C. 00
17
10."
70
02
il.1
81
no
no
7
m
11
-'i
Net
Close chge.
110 5
70
OS 1
71
.1S-1
17 2
10.-.
7(1 ..
02 1
4
81 3
57
50-4
S ..
00 ..
11..
0S 1
Pan Amer Pet. 115 112 113 1
Pacific Mail .. .10
Pa. Senbd Stl 51
Pacific T & T 3.1
do pref DO
Penn It II... 40
Peorin & East 10
Peo (las & ('.. 50
Pcre Marquette 2.1
do prior pr . 00 -04
Philad'phia Co 311 30
Pennn Sugar . 72
Pitts Jt. West. .10
Pierce Arrow . 00
Pierce Oil 21
Pitts Coal ... 73
Pond Crk Coal 21
Pressed Steel C 01
Pub Ser C N .7 84
Pullman Pal C.128 128 12S
Ity Steel Spring 0.1 03 0.1 1
Hay Con Cop. 20, 20 20..'
Heading 80 SS 88
Hem Typo 85 82 S2 2
Hep Irou & Stl 07 05 0.-)' 1
do pref 104 104 1()41
Hepub Mo Tr.. r3 52 52
Royal 1) N Y. 110 1)3 04 1
30
47
33
DO
40
18
no
--vi
(i
31)
ns
23
71
20
00
84
30
47-4
33
00 ..
40
18
50 . .
22
05
30
T2 7
30
50
23
72
20 I',
00
84 2
10
247 4
05
2S
IS
71-
08 1
20'. V,
00 11Z Hoy Dut Amer, 04
isaxon .Motors., u
StL S P
StL Southwest
Scab Air L pf.,
Sears Hoebuck.212
Shat Ariz 18
Philadelphia Stocks
HlBh
200 Am Strs 35
2130 A S & C 42
5 Am Millg l)
50 Huff & s 53
10 Ches & O 04
874 Klec Stor 02
110 Key Tel. 17
2175 Lake Su. 21
10 Leh Nav. 00
3 Leh Vol. 52
13 Trd Nat.
Ilk waf 23
404 Penn Hit 40
10 PennS M 82
05 Phila Co
cum pf. 35
1032 Phil Lice 20
.Til) Phi H Tr 20
100 Heading . 88
1700 Ton Min. 3
75 Tr Bk W 25
50 Un Trc. 38
mi u (.1... 00
Low
35
42
0
53
04
01
17
2.1
00
52
23
40
82
35
20
20
88
3
25
38
"'VI
Close chite
35
42
n y2
53 2
04-
01
17-
23
00..
52
23-l
40
82 ..
35-
2(1 . .
20
88..
3 ..
25 ..
38-
310 TJ S Stl. .111 110 m .?,
0 Un Pnss.104 104 104
.17 Wstnild CI 75 74 75 JI v..
112ff,W Cra'p.208 205 200 2
onn .hk ; ,l,R,,i ,hare" comparer! with 13 .
21)0 shares sold esterdaj. Thus far thla
week .1.-1 442 shnres: .am h,3i 1... L '?,'
i,. ' "" ""
7sy,
50 -
72
20
4S
no
03 1
100 i,
05 1
so 1
20
83
1.17 2
101 2
34
70
100 w,
0-2
1S
14
23
20
-"?4
03
20
22
20
20
212
17 1
K
20
23-
20 y.
20
!12 ..
17-
0!) . .
.T) 1
105 10
20
07 07
3.1 33 1
100 110 1
115 117 2
44 44 1
02 01 1
15 15
57 58 1
205 205 3
23 2.1
320
. . 4JU 430
7i!ll
127
INDEPENDENT OILS
214
Allen Oil
Huston Wjo Oil
c'osden &. Co ..
nil. llasln
Inter Petrol .
Island oil T
tllenrock Oil
Houwtnn Oil . .
Meriltt Oil
Met Petrol
Midwest Oil
Ohio Fuel
Omar Oil Ga
Stpulpd Hef ..
Sequovah
Mneiiir oil
sinelulr llulf . .
.southwest Oil .
United Oil . .
.MINING STOCKS
Alnska It C SI.. .
Hilf I.dgi)
Hutte Npw York
Iloston Mont
C F .s &. Jerome .
Ton Ariz
Klrst National .
Fnrtuna t ons . .
C.oldnclcl Cons
CJoldfleld Florence .
Cloldfleld Kevvanas
Cloldtleld 5i'era:er .
Green Monster . .
rlii la SrinlnK
llcwe Sound
Irdependence Lead
Jerome Verde
Jim Ilutler
lumbo Kxtensfon
MarNamnra t'res
McKlnley Darraeh
MaKtnu Copper
Mother Lode
Mines Co of America
National Tin
Nevada Hills
Nevada Wonder ..
Xiplsfintr
Ray Hercules . ...
t-an Toy
Tonopah Kxtenslon .
I'nuia verge
West Ilnd Cun
White Caps .... 3
IIONDS
Cosden Oil n .10H4
Cosden ti Co lis 10114
HUfSlan uovernmenT nsi s
4an uovernment ti n n.i
1
117
11!4 lii ni;
1 I) '4 i)si
'? 7W 714
, Ha OS OS
12. na
j 2c;c4 2(JH
177 17')
-'" 21)
70 72 US
is5 ll nb"
Sf .i7'4 nTV4
20
s ', ::
XKS
i? ;
87 00" 1)0A
t 4 .
l l ':'
2'5 3 2
4(1 M)
IH 21) 20
O'V 70
4 n
5 7 5H
'4
5& 5? 5A
4Va 4
2 5
74 . .
31 32 .
10 12 11V4
41 45 44
.TO 2 CO
42 47
43 4.
43
4i
est price, not exceeding
icer ok 11a irsi Aioi
1830.
i-mraber of Ita First
rnsturinr Auiust 1.
Wf K J.000, n accordance with the Sinking
teV' .runii.provliion of the mortcaxa securine the
i'- ' ..m bauds.
ld bonds,
J.' H. VANZATJDT. Treasurer,
PO8AU FOB GASOLINE, OILS AMD
jvor-mw iaterlala invlslon, Onlca
or of) Turchaae, Munitions IJuIIdlna;.
nxton. S. CSealed nrcivu.tH wtn
received here Uhtll 10 A. M.. 8tntmh.K
M, Jl. ind then opened, (or furnishing;
niOu. kerosene. lubrleatinc ells, fuel oil
iatt tsm required hr Army durlnr S
K V,
10'i 1HV4 IDS
av
10V4
2S
51
l',4
4
3
2K
41)
34
'l'T4
Kmrrson Ilrnnt. 35
(it Northern pf 04
fit Nor Ore subs 40
C.nlf Mo & N. 12
Ciulf States Stl 07.
Ilnrtman Ccirp 111
Haskell & Hark 04
Int ARilenl 31
do pref .... S8
Inspiration Cop 07
Int-Cons Corp 8
do. pi of .... 20
Iiennmont Texas 57
(in Motors dli 80
In Ilnrv (new). 1.10
Int Mer Mnr.. 03
do pref . .
Intl Taper . .
do pf sta.
Intl Niekel .
Jones Tea . .
Jewel Tea . .
Kan City So
Kelly -Sp its
Key Tire rts
35
-'.1 1
03
47
12 ..
CO li,
0-l
04
31 2
87
1,
03
47
12
00
00
02
31 Vi
87
0:;
7
2S
54
8V
1.10 130 1
00 02 1
118 118
03 04 1
70 70 V. 4-IV,
30
41 1
30 1
00-
S -tr
28 y,
r,n"i 1
so
20
40
30
2.1
10
23
10
120
00
70
30
41
37
23
21
Kelly-SpriiiKfd.135 132 1.1.1 1
Kenneeott Cop. 41 m 41 34
neys 1 x i(..iii'js
Lack Steel ... 80
Lake Krie & W 11
do pref 2.1
Lehich Valley. 52
Lee Itub & T. 35
L,& M T C pf.113 113
i.oose- vv ins u n il
00 1001jl
80 8 1,
Sl-Sh S & I . 00 CO
Sinelnir Oil ... (II U, 50
South Pacific. 100 105
St Joseph Lend 10 10
Southern It It. 30
do pref .... 07
St L & S W pf 3.1
Studebaker ....113
Stutz Motors .118
Sup Steel 45
Strom Cnrbur. . 00
Ten C & fiw i 15
Texns & Pacific 00
Texas Com ...270 "
Third Ave It It 24
Tob Products .11.1 107 110
do pref 10!) 107 100
Transue Will.. 00 05 07 1
To! St L Wst. 1.1 13 13
Tide Water Oil 245 245 245 3
Union Pacific. .133 131 1.12
United Iteta S.100 100 10S 1
United Alloy S 57 55 50
United Cig Str.210 212 215 2
lpref 121 121 121S
I'nited I) 1st pr 5.1 53 53 U,
T'nited Fruit... 102 180 180 1
Unit. Ity In pr. 20 28 2S
IT S C I P & V 33 32 32
do pref 00 00 00
IT S Food Prod 87 84 8l
IT S Ind Alco.142 130 140 2
U S Realty & I 40 40 40
U S Rubber ..120 124 125
U S Sm & Rf 08 07 08
do pref 40 40 40..
U S Steel 113 110 110 1
do pref 117 110 117
Utnh Copper .. 0.1 02 0.1 1
Utah Sec Crp 10 18 18
Va-Car Chem 88 85. 80!
Va Iron i; & r (15
Wabash 12
do pref A . . 35
Wells Uarco Ex 07
West Maryland 14
West Pacific... 24
West Union Tel 88
WestiiiBh A Hr 57
Wheel & I, E. 11
White Motors. 00
WI1I.VS Overland 30
do pref 07
Wilson Co .... 00
Worth P & M. 70 Vs
Stocks 1,240..V0 shares, compared with
l.HK3,32Il shares sold yesterday, thus far
this week 3,216,321; same period last week.
4,403,800.
40,088 shares.
IIONDS
?5000El&PeoH,Ch 1-ow
Tr 4s.. CO CO
2000 Leh Vnl
0s '23.. 101 101 101
1000 Leh Vol
UonITis.100 100 100
5000 Leh & N
Kus 5s 07 07 07..
2000 Victj 4s00.8S 09.S8 00.88 1"
5000 Phila Elec
1st 5s. 00 00 00
1000 Read g 4s 82 82 82
Ilonda. $21,000, compared with I1T son
es erday; thus far this week io-'r.OO- samo
period last week. 177,700. '"' samo
Net
Close chKe.
09
r
Local Bid and Asked
Am Ship . Com..
American Stores...
I'.aldvv in I.oco
llriil J o
Huff & Huso. ... .
do pref
Cramn tr ctfs
I'lectrlc Stnraffe . .
General Asphalt ,
do prcf
Ke stone Tel
do prf
Lake Sup Corp . . .
Lehiffh Nav
Lehlffh Val
Lihigh Val Tr
do pref
Penna n H.
I'hlla Electric
rhila Co
do , p c pref . . .
dn (1 p c pref . .
P R T tr ctfs ....
ftendlns;
Tonopah Tie!
Tonopah Mln
Union Traction . . .
v a i
II 8 Steel
York rtwv
do pref
r.iT,0'1'1!' Yesterday
Bid Ask lJld Ask
42V4 42 ..
34 83 .13 3'iH
114 115 11(114 117
'X M l)
J" 72 711 72
-' ' 52 S3
20 1 200 20S 22c)
01 'i 02 02 DjV,
Hit DO 87 SS
H I7W 17H IS
?Z. "9. r,s "O
2S 2.1'4 24J 24
no 00)4 nt 70
J2'i J2. 5214 52!.
14 17 14 17
2" 28 211 28
-Wi 4rt 4IIH
25T4 2C1 25'i 211
30 40 aH 4014
31' 3.' 30 32
31 8''!' -I11? -1CI
211 2fl'4 2C1J 27
. 8S 884 8S', f,n
3V4 3S 3V4 SH
3 a sfi a
, 38'4 38 38 S8W
, n4 ciovi cjihi nak
nov. ni 1HT4 112'a
ii a: !'
New York 'Change Closes Saturday
New Yorh, July 30. The New York
Stock Exchange will be closed on Sat
urday, August 2.
11
11
23 2.11 y,
52 52
14 34
11.1
71 2
llU:
ins
103
52
57
50
3(1
LONDON METAL MARKET
New York, July 30. Advices received
at the New York Sletal Exchange this
morning quoted prices In London today
ns follows: Tin spot, 208, a drop of
12: futures, 2U(1 Ids, n loss of 10s and
straits. 200, a decjine of 3. Sdles
spot 120 tons; futures, 400 tons. Stand
ard copper Spot, 101 10s 7d ; futures.
105, both off 2 10s. Sales, 1100 tons.
Electrolytic copper Spot, 110; fu
tures, 125, unchanged, Lead Spot,
24: futures. 24 12s m, un
changed. Spelter Spot. 41 10a;
futures, JE42 JOe, both of?,l. ,.
Lorillard P ...242 238 2.1S IT,
Louis & Nash. 115 115 115
Man El C. T I) 84 84 84 . .
Mnri Shirt ... 30 30 ,10
Max Motor ... 5S 53 51 ;ii.
do 1st pref.. 81 80 807 ii
do 2d pref.. 42 41 41
May Dpt Strs.100 104 101 "
.irx i-etroi ...iu jxi i.ss 3
Miami Con Cop 31 30 307K y,
Mldvale Steel . 57 50 C0
M & St L -low 20 20 20 ',.,1
M S P & S St
M pref 102 102 102 4
Mo Kan & Tex- 14 13 13
.Missouri l'ac. ;ir
r.o
80
30
05 05 . .
11 12
34 35
CO 00 2
14 14
24 24
R7 87
50 50-
11 11
07 0S 1
35 ,1(
07 1)7..
05 07 2
78 7!) 1
Investment
Suggestions
We have Just prepared 1
llstlne 78 attractive bond
Including:
circular
offerings.
LOCAL MINING STOCKS
TONOPAH STOCKS
Jim Tiutler
MacXamara
Midway
Mlzpah Kxtenslon
Montana
Northern Star
Rescue Kula
West Hnd
GOLDFIBI.D STOCKS
Atlanta
lilue Hull
llooth
Dlamondfield TI H
Daisy
Kewanas
Oro ...
Slleer Pick
flpearhead ,
MISCELLANEOUS
Arizona United in
Nevada Vondr in
Tecopa Mining 00
do pref . .
Mont Power
Nat Acme '. .
Nat O & C.
Na Ills pref
Nat Cloak &
do pref . .
Nat K & Stpd 80
No Lead 1, 84
N Kit of M2dpf 0
Nevada C Cona
34
34
50
78 78
38 38-
21 22
.110 110 110
S 85 R4 85 2
mi vi nici i'i!',..
KO 80 1
83 84
AIf IMT II
Hid Ask
5s
' .02
.28 vj
.07 .011
.'J .20
.17 .OH
.20 on
l'i 1'4"
:r
oi .o
i "I
n? ."
ftt ,n.t
.02 ,0
.04 ,OT
nl .03
.07 .08
.07 .09
25 Municipals
10 Railroads
15 Public UHlitifes
6 Industrials
11 Foreign
11 Short Term
The rate, maturity. prer and i.m
f Vr,' nd" are nnle"t'ra well
af ,.t'lrKla5""mpt ""tures. Man"
of the bonds are .1..1 i..J."n?
I for Savings Hanks and Trust Fund"
Send for a eomcHmnlaru covu i
tn8 circular, No. 1,-0, '
A. B. Leach & Co., Inc.
115 South Fourth Street
Desirable for
Trustees and Executors
For a particularly attractive combination
of safety and good income yield, we ofter
New York Central and Hudson River RR.
MICHIGAN CENTRAL
3V4 Collateral Gold Bonds
Due Feb. 1, 1998 (Registered) Denominations $1000
EXEMPT
from
Pennsylvania Four Mills Tax
New York State Tax
2 Normal Federal Income Tax
PRICE TO YIELD ABOUT
' 5.20
Write for Circular P. P. L.-S43
HollisterVldte &Co.
1NCORPOAATCO
North American Building
PHILADELPHIA
BOSTON TROVIDENCB SrRlNGFIELD
UNITED STATES
GOVERNMENT
LIBERTY LOAN SECURITIES
Bate
312
3
4
4
414
414
4V4
434..
414
Callable
1932
1922
1932
1927
1932
(927
1933
1922
Due
1947
1923
1947
1942
1947
1942
1938
1923
1928
Appro. Yield It
Cnlleil, or If
Selling- nt fltlr
an Callable Data
3.55
3.75
4.61
4.98
4.77
5.10
4.84
$.75
Appro.
Yield to
Maturity
3.53
3.75
4.37
4.45
4.57
4.66
4.72
4.75
4.91
$50, $100, $500 AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING TAX FEA.
TURES OF THE LIBERTY LOAN. SECURITIES
WILL BE FURNISHED UPON REQUEST
MONTGOMERY & 0.
137 S. LA SA'LLE ST.
CHICAGO
133 S: 4TII ST.
PHILADELPHIA
14 WALL ST.
NEW YORK
JIEMIJIIRS OF THE KHW YOIIK ANI PHILA. STOCK EXCHANGES
novEitvsiENT si:ctitiTii:s ijepaktment
TELEPHONES: HELL, LOMKAKI) 1330; KEYSTONE, MAIN 53B4
lilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllillllllllllllllllllllllllllirilllllllim.1
Who is making money
nowadays ?
. Our industries that are rushed with the work of
World Reconstruction. Yes, but also '.nany individ
uals arc saving and making by investing in good, safe,
high-yielding bonds.
We have unusually attractive investments to offer
at the present time bonds selected, if you wish, so
that a' coupon comes due every month.
Write us about them. v
EST & GO.
1417 CHESTNUT STREET
Members N'" Vorlc Mock Exrlinnge
1 Phllnclt'lpliln Htocl. Exchange
We AIimijs Hate on llunil 1. 1st of HIrIi Grade Ilonds
Correspondence Incited
,80
..10
.12
BUTTER, EQQS AND CHEESE
New York, July xn nUTTEn Hlrher and
Arm Receipts. MOO tuba lllan-aoorlnr
MttMHc: extras. RAVic. Inside" flrit, B"&
55ci seconds. SOOMe. stale dairy, o'Vi
KOGB Steady, necelpts. 21.1)80 cases
Fresh-ahered extras. MOUi.; storate
parked extra .flr'. B1H B.lc! storage,
i.arliert nrsla. 47H 80c; aatheVe extra first'
illCeSc; dirties. No 1. aa80c N" j jjri
Me: rhecls. MZc: checks, undergrade.
20O2c; first., 4aB0c; second?. SSBMc!
western white.: 4SOnci.rnr Caait. liso
55.'!re"t'.rn. "d southern leathered white..
f0gJ4ci .lata and nearby hennery browns.
?5E!?C' fathered 'browns and mixed eolorV,
455lc;iiflr te rtim, eflle., - ""r"
, ' MPs' ' , .- , v:
$50 $100
LIBERTY BONDS
IIOUGUT AND bOLD
Biddle & Henry
104 SOUTH FIFTH STREET
Xl.mbers Phlladtlphla Block Exchange
ntle. SerTlee Com., Pfd. nebs.
Erie Llelitlnc Co. Pfd. & Ilonda
Duqnesne I.t. 1st 0, 104Q
Khlih Pr. Her. Corp. Stock i Bond.
American Mores i Acme.Tea Stocks
plttsburih Traction lat Si. 1021
' "" " i, -J
Locust 8104 Land Titlm Bldg, nce4H
J.-.UJ Vorli rI. Conmcllon. 2onover 41
nillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllS
AMERICAN SHIP
and COMMERCE
CORPORATION
Circular on Request
Chandler Bros. & Co,
Members New York Stock Exchange
34 Pine Street 1338 Chestnut Street
New York Philadelphia
"
U. S. LIBERTY BONDS
$50, $100, $1000
BOUGHT, SOLD AND KKCOMJIKNDKD
Newburger, Henderson & Loeb.
1410 CHESTNUT STItEET
llrmber N. V, and t'Uls. block Kxehantts
COAL
nigh-Rrado ateani or raa coal.
Can furnish from fiO to 1O00 ton.
per day. direct from mine. In
Pennsylvania. !t Us have your Inquiries.
MINERS AND SHIPFRS
JB tMA tlr Q41iif.ThHenhU. T:
UNITED STATES GOVERNMENT
LIBERTY AND VICTORY LOAN BONDS
We buy and sell Liberty Loan and Victory Loan Bonds on
commission at current market prices.
Denominations $S0, $100, $500, $1000
Edward B.Smith &Con
Established 1892.
BANKERS
Members New York and Philadelphia Stock Exchanges
1411 Chestnut Street Philadelphia
30 Pine Street New York
ali.entown national dank hldg , allentown
rmni riATiu.-sAu jjajnis. )il,du., i;asyun
ERNSTS ERNST
TAX SERVICE
AUDITS ND SYSTEMS
PHILADELPHIA
2023-2024 LAND TITLE BUILDING. Tejephone-Locust 2681
Pf
NEW YORK
PITJ8DH.RQH
TO LB DO
HOUTON
"
OOSTON
ST. LOUIS
CINCLNNATJ
DALLAS
BUFFALO
4 ( js I"
CHICAGO
CLEVELAND
DETROIT
4 KjllKlkl fcf rs4. ia
WA8HINOTON
hfi
:4
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tyr
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