tl,'w- EN- ,.,Vj, F v ft '' U ft - 3 EYENINCf PUBLIC LEDGER-PHIL"ADEEPHIA," THtJRSD'AT, JULY 31, 19X9 ',.. 1 :a: NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES -l i w PAc hy. E-eo r-l'rtn- F&" 2 m m- lb f W: II if --- w; 'fe jifCAPlTALS5p0,000,0aft .V& ?ff SURPLUS (EARNED) tl 41 $2.000000.00 i JI THE BEST TIME 'to malce a Will is while you re in the best of health; jsound and vigorous, both men tally and physically, when you can plan better than if you fwait until your last illness, or Vou are perhaps incapacitated "by old age. WE CORDIALLY invite vou to consult our officials freely, without expense, about your Will and to consider the advantages of appointing this Company your Executor and Trustee. Upon request our rep resentative will call upon you. You Should Make a Will Today ADVANCE IN CALL MONEY UNSETTLES STOCK MARKET Raising of Rate on All Industrial Collateral Loans New Incen tive for Bear Attacks .V Ynrlt, .luly 31. Trading in the stork market R active through the- ilny with n prouotim-vil dlapln.v of strrtiRtli In the forenoon followed by iinsettlrment At the olo.p, when nn mlvatiee In mil money with lor.n on nil industrial rollnternl advancing to 111 per rent wuh lined nn n new Incen tive for resumption of tear attacks, which had virtually ceased during the forenoon. This advanre in (lie rail money rate, romlng after the continued meeting of tlir Federal Reserve hoard, was regarded as significant of a pur pose to restrict Wall street accommodation, but agents for leading Imnks imivtrd that the money flurry was due wholly to the fact thnl today marks the end of the month and necessitated a larger amount of fundi beiug on hand llinn the hanks usually rarry. 1 nlted States Steel, which had been under pressure since the beginning of the week, nfter rallying to III V& - dropped '2 points to the lowest record touched in some time. Ilaldwin Locomotive yielded more than 1 points from Its high price of the morning and similar losses were sustained In other steel Industrials. Specinltieo suffered severely in the afternoon, hut the pool manipu lators in the tobacco stocks did not relax their efforts to keep these Issues proininnt. I nitcd Cigar Stores, which rangeil from 'Jlll. its high record, to l!l-,!l4. rallied about I point, and I'liltcd lletnil Stores, after selling ill the new high leci.rd of 1(111. sold down more thnn !1 points. ''lucible Steel had n sharp break, and many of the other stocks in which there has been persistent accumulation were under pressure at concessions. I lie blind market was fairly well held, although many of the con icrtible isue. developed In sympathy with declines in stocks. Government issues were again heavily traded in, but were In supply mid Inst the moderate improvement which was reroiMed yesterday. H NEW YORK STOCK SALES Preferred Stock with which is given a bonus of 25 Common Stock cikcci.au cr. i.. describes the history and business and gives certified accountants' figures on the large earnings of the Cadet Hosiery Company Farson,Sn&Co. Members New Tork Stock Exchans 115 Broadway, New York Fairman & Co. Drexel Building, Philadelphia T DEPRESS ILL ST, IS ON LARGE SCALE Reactionary Movement Assumes j Business Heavy in Stocks Re- Service and Stability Conservative Banking Principles We are always desirous of securing new business and believe In progresslveness to help enlarge our insti tution, but we never let our zealousness overtake the conservative banking principles that have estab lished this banking house and made it one of Phila delphia's strongest. We offer a banking service to individuals, firms and corporations that has been highly commended by our clients, which we believe is the highest recom mendation of satisfaction. Positive Aspect and Declines Are Numerous New Aorli, .Inly 31. The New York Kvening Sun's financial review this afternoon iv as follows: ' Stiffening money intes. due to general I calling of Nans, caused depression in today's Murk ma'ket, although there I was considerable strength in spots and consistent resistance to pressure every where in the fir.t three hours of the session. In mid afternoon the reactionary ! movement assumed a more positive as I pect and there were numerous declines i of I to .'! point". The rnnstnnt preaeh- ing of caution .md no little perturba tion over the money Mtuntion. asso ciated with the high level of prices and ' the strong probability that the dog days in the market as well as out are im i minent, played directly into ths hands I of the bears, despite the sizable ruslilou rreated by short selling in the Inst two or three days. The market has lapt-cd into a mere tiliders' affair, nnd business, most of the time, was in far lighter volume than at any previous period this week. Such is the preoccupation over the cently Appearing in Out side Market New Yorli, .luly ..1. The Urond street curb trading was agnin on a large scale today, especially in many of the stocks that have recently made their appearance in the outside mar ket. One of the most prominent features was Pelntour Heverage. which was vig orously bought, advancing to the new high price of 22. This stock is unique as being shnres of the first corpora tion traded In on the curb representing a business catering wholly to a non alcoholic demand created by the prohi bition law. There was heavy trading in Indian Packing, which was forced up from 41! to TiO'a. with a reaction around noon to !4. Ameriran Ship nnd Commerce was steady, selling at -42' to 12. In the petroleum group most interest was attached to .SiinniR-IVtroleum. in which there was a special demand, partly due to the knowledge of coming rights which are expected to have a high market value. Mntjimr issues were steady. Sinclair jgrity Trust Company Fourth and Green Streets money market, the daih inrreasine' Consolidated selling at .If) to fSi4 nnrl number of finanring projects involving Sinclair tiulf at .ITU tofi7n4. domestic industry as well as foreign! Phillip-Morris was active and strong credits, accomplished and in process of j with sales at IS. Tobacro Products negotiation, that good news is rpiite Exports was another strong feature, ignored, llullish sentiment has scant! moving up from II7M; to -lO'-j on lieavv room for play iu u market like that, tales. Weekly offerings of French treasury i I'isk H libber Tire ran ired from 4fii. i bills to the amount of $."0,000,000 total, 4Tt. General Asphalt sold at S4 to ST ' lnrTni . i e 1...1 3:01) .. cle Hliti I-ow pm- Adama Express . AWI Advance Itumely. (R, 47 4W 44T Adv rtutnly pf , 74 71 71 71 AJax nubbr ....110 10SM 10SH 108; A askft Gold M.. M 3K 3W M Alaekn Junu ,, oij oi -jM Allls-Chal MfR .. iij 47' A&H 40! Alllg-Chal Mfc pf. 85 Am Atrl Cliem . J07 107 lfMi 107 Am Asr Chem pMOO 100 100 103 Am Bank Not , i0 Am Bt Susrar.. 91! j V4 D0H "I Am Bosch Mag ..121 110 11H 110 Am Can 58H oR'f o7U o7M Am Car A vay .117H llfl'f 1144 HSU Am Car & Kdy pf.llfili HSU H6i 110S4 Am Cotton Oil .. i.j KiH 01)i 1M Am Drug Syndl. Vi 12) I'JH 1 Am Hl1 ft Lft . ?f,i 4nl ( 401$ 40' t Am II A L pf .. 1324 1S3U 132U 132)1 Am Ic, ci WH 60 60H Am Ic pf 73j,- 72H 7'.'J 72 Am International. Ill 100' 108 1081$ Am Linseed 70,' 77 b 76!i Am Locomotive . oi'i 00J' W!i 8S!j Am Malt & Oraln. ,'rtti SS.'j 57W ASM Am Smut & net. fWj t4H S3 t-1 Am a A n pf ..107 , Am Steel Kdrles . 4rJ 44J4 43U 4MJJ Am Sucar Ret ..137 130 1?.11 1."lVi Am sum Tobacco. 107'i 100H IOJJ4 10M Am Tel & Tel ..103'i ItUU 103'i 10Mf Am Tobacco ...."50X L'JOJi 210 210 Am Ton pf new..li0S Am Woolen ....1Z3H 121 U0'-.' 1"! Am Woolen pf ..I0fl4 100'i lO'J.'i 10 U Am Writ p pf ., 00 00!t 03 Am Zinc LAS., '.'ii :t 104 Am Z L A S of.. (3 Anaconda Copper. 7o 76! j 4'i Associated Oil .. 03M 03 01?i Atch Top A S F. lt)0 OMi 8U Atch Ti8P pf. f4 84 SI Atlantic B &At . 14'i 14j 14" Atl Gulf A W I.. ins All Q & W I pf . 7 Baldwin Loco ..117H llo 110' j 110JS Baltimore A Ohio. 40,'i 40 4. Balto A Ohio pf . f 5 Barrett Co 133.U 13l'i 130.': Bcuiieliem Steel.. UO'i Beth S Class B .101 9lh 04 Beth Steel 8 pf.HJ lM't U4t' Booth Fisheries . 2i!i 23! i l'-"-a Brook Rap Tran. JC'V, 31H 31 Brook Union Ga3. ROM Brown Shoe . ..10i U7!i 10 Brun T & lly Sec. If. Ilia 13? Butte Cop A Zinc. 12' 1 14 '34 Butte & Superior. LS'i '-'h'4 27" Butterlck Co .... 3l.'t 3'J 37 Burns Brothers .153 153 131 Caddo Ccn OAR. 45'i Cal & Arizona . . ;3'j Cat Packing TL'.'i Cal Petroleum . . i'i Cal Petroleum pf. M Canadian Pac ..Hit 101 159 Central Fdry ... U 41' j H.lj ent Vdy pf 74 71 70 05? i 204' 7t'l 0IU !)SU 84 11 45 iioH 04'4 1114 1'2.'4 3Hi 107! j 11 13!t 28 37 151 Cen 4mtnr Co. Ill; Cer-Teed Prod . 40 Cer-T P 1st pf .. 10H Cerro de Pasco C IWX Chandler Motor .2'0'j Ches & Ohio .... 0 iH Cbl & 13 111 pf .. Hi Chi Gt Western . 10't Cht G W pf :tJi Chi Mil A St P.. 1R' Chi Mil A St P pf. " l!i Chi A Nwrn .... 031S 33 72 't PIM 81 IliO'J 4U4 70." t 113!i 11ti 1)0,'4 33 48.' s 81 33 72 40 SI 02 OO.'i 01 !50 250 250 44 01 J i O-P". Chi R I A Pacific. 20'4 3 J I0!' 28-4 IS 71.'4' JS'4 (05, 78! i 2G5i 48 50 02 5711 80 55 01 'i 8.')V-i O'J.'f 21 95' 1 74 91. l'J'i 2854 47!-i "O.'i mn 28 00 I 78 20 40! i 50 Chi R I A P 6 pf. (V Chi R IAP7 Pt 79'4 s.'hllo Copper .... 1 f.1 j Chlno Copper . .. 4Hj C C O 4 St L... 50 C C C A St I. pf. 72 Col Fuel A I ... 51 Colo Gas A Eleo. 1.2 Colo Southern .. 58' j Cluet Peabody .. 90 romp Tab Hee . . 55 Cons Cigar f'J Cons Cigar pf .. S3!j Consol Gas 1UI4 Consol Int Cal M. 20,'i Continental Can . '. 0 Cont Ins 73,'tf Corn Prod Ref . Sait Corn Prod Ref pf.lOU lOO.V IO1J4 Crucible Steel ,.13'J )38'i 133.' 4 Cruo Stl pf 101 1C0 100 Cuba cane Sugar. 34't 3.i' .'l.' Cuba C S pf lli i.0'4 Ml.'. Del Lack A Wes.191'4 PJO'4' l96'-4 191i 0I' 57 i 85! i 5.1 OUj 83' j 99! a 0'5 93'i 73!i 88'-: 10. I7lj 7. )i !'8!i 23 I'.OJi 78 20 40' a 50 01'j 571, 85tj 53 Ol'a S3Vj 99! j 20Ji 931 j 73' 83' i lO-J'i i.33!l KO :3.',' M)'4 cieie lh I" Pac Gas A tileo . mi b3 06H Paclfla Mall .... ,I9H 40 40 Paclflo Tel A Tel. 33U Pan Am Pet A T.113 Penn Seab Steel. &1! Penn IUIIroad .. 46U People's Gas Chi. 50 Peoria & Eastern. 1SH Per Marduette . n2W Pere Marq pf ... 47 Philadelphia Co . 39 Plerco-Arrow ... 49 Plerco Oil 23J t-ittn Coal 71M Pitts Coal pf ... 90 , Pitts & V Va ... 30 Pond Creek Coal. iOlj Prtssed Steel Car. 00H Public Scrv N J. 8M , Pullman Co ,...128)i Punta Alcgre Sug. 72 Ry Steel Spring . 13W Kay Consol cop . 2t' Reading 6H Reading 1st pf . . Ab4 . . . Remington Typ. . fi2 ... Item T 2'd pf ...101 97 ttepubllo IAS.. Mt 9JW Republic IAS pf.104!i ... Rep Motor Truck. 52)a 52 floyal D A shares. 114) OS noy D NY shares. 94 J i CO'j 01 Joseph Lead . 10 81 L-San Fran .. 23) i 01 i Boumwrn . . 20 ... St L Southnr pf . 23 ... Savage Arms ... 8IH 81 Saxon Motor .... 20 2114 Seaboard Air L.. 11 10H Seaboard A L pf . 2(l) . . . Rears R A Co ..."12 . . Shattuck-Arlz ... 171 J .00 6SH 4U UtH 113M 113H 10 41); Wi 17 4 Si .19 18 231 i 71 'SO 21 91 68 91 2')a b7W 61M 48 4fl)i 40, 4flJ( 40Jr 18 17 22!t 12)i 1014 4Wi Ml 38U 60U 671 23-f 23M 73 ' "OH 39 "am 11H 21 91 01 iVdW 1M 72 t8 94 04 26! 2 H 88)4 87)j 97 93 'fi'lH O.'IU 1 3 97 91 'ni.'j 93X t.'13 23!i 22)i -2l 70 194 10)4 70 20 10H 17 59H 0; 17)S 112 09 io ioit- io:,!i 29H 07 8) 1U8 102 59)4' t7; 103!i 29)j 07 8') 108 102 bS lH'i H4)a 15?, 15) i 203 203 55' j 68 01 lit Sinclair Oil Ref.. .y)j oioss-Bnen s ft I, 69 ooumern raclCo oouinern Ilwy ., (,! 09 Southern R pf .. 07' 07 jirom uarnuretor. 93)J 9t ilaIer 9," "" "W Studcbaker Co pf.R'3 102 Superior Steel ... 44t4' ... Stutz Motor 117 us Tenn Cop A Chem. 15!i mi Texas Co 205 209'j ?M,S ? Pacln 6S W Hi rd Avenue ... 31," Tni. n ,Pr?d !'J,"112)i P0)i l'OU Tol S I.Attr.' ...- t,, 7 ?.,;,." -' -'5 ...... u. yiiiiams. U7 T & W Stl Forge. 67 Twin C Ran T . . At. ZZ S!" ".-"w '3? isi'i isi' United Alloy St! C('l United Cigar S .o?5 u 111 tea Drug 7o5 Un Drug 1st pf . . 33 un ita rruit ...19 U S Cast I P A F. 32!t' U IS C I P V nl MU U S Food Prod ..' k6H V S lnd Alcohol .140 Un Rys Invest pf. IS?. u" iiiian stores . 10s U S Express .... 7 U S R & 1 Co .. .10'4 U S Rubber ....li, U S Sm Ref A M. lisij U S Sm R A M pf. 49) j u .- oicei . . . . U S Steel pf .. Utah Copper .. Ulah Securities 504 rr, 219!f 2124 105 105 53 53 IS 187 :5 32' a' 0 03'J 141 13S IS'i' 28 55 213 105 5'i 187 3 m 70 88! ( 138 8 Va-Caro lOjtj 106,'j 1071" 2R.'i 2fl)j 2HJj 14', 4P4' 44U l-'Ll; 15.-IH 123!a 0S) -.7 07 49K 49U 40'.: 110'f HUi 109)4 109)i in lXL U1 "7 !3 93 Oli.f 0.1 18'a 18!i 18 is Ulicm... w.ix ci.fl o .t . Va-Vraorne,P''1! J IWJi f6'i U'i 35 II'J I4'f Va Iron Coal A ft 1 .1' Wabash ., Wabash pf A ... 35W Wells Farro Dt . iw Western Md .... 14 ',',,, ':ia. West Paclflo .... "V' i !, " .Vesting A B ....ll'jl," uru n?, .7,., Westing E A M 5$ ! 5V 5ft'4 Wheel ft lakeEi ,'. ' &''4 4 wnue Motors ... osi Wilson A Co )7ir Wlllys-overland . soi Ulllys-Over pf . . . 97JJ Wool fK XV) Co .133)i Woohvorth pf .115 Woiihlngton P .. 7uj,- 1115 34)4' ' 134" 87i 0S)j 07 0 J 'J".', '. 5 95 '"' .54' .' 9'Js 97)i 97J 117 VlV l'l7 7S 78 78 Capital $500,000 Surplus & Profit . . .$1,610,000 Unquestioned Security While no bond or note can be absolutely guar anteed as to safety, there are a number we can offer whose secur ity has never been questioned by the most experienced bankers. For particulars re garding four invest ments of this kind send for Offering No. . E-39. (sHANDLER&GbMPAK Franklin Bank Bide. Philadelphia Nw Tork Boston similar to British offerings which the same banking house nas Deen liandlins for a low? time, served to emphasize discussion of a possible largo Ilritisll credit as well as Belgian and others. The $100,000,000 French loan made through the Foreign Securities Corpor ation which issued its ouu notes for this market falls due tomorrow nnd it wns hinted today that it might be paid with 1'nited States treasury ecrtiticates of indebtedness. If this should prove to be true the transaction will not neces--arilj Influence the course of foreign exchange. While the opening of the market was irregular it was quickly demonstrated that the professional element had full control of trading. The oil. fond, lea ther and certain other specialty shares were pushed forward with considerable vigor through the forenoon The stan dard shares held well iu that interval, but the) were neglected and sluggish in consequence. j As the session advanced it was clear that the upward swing nas little more than a flash in the pan. nnd it was not long before substantial losf.ru were piled on toi ot neutralizes gains. v nne the Federal Reserve Hoard did not take action with respect to brokers' loans, the fact that ils position had been made amply clear ahead) and that the banks felt impelled to call in loans was sufficient to dampen whatever bullish initiative there might have been at the beginniug. The seling movement wns accelerated in the later afternoon. Steels dropped below 110 and Bethlehem Steel below 00. Such was the tendency through out both the industrials nnd railroad lists There was some irregular re covery from time lo time before the closing but the suspension of ronl oper ation, and the obvious desire to dis tribute holdings in view of Saturday's holiday kept the market very unsettled. Call loans renewed at C and 0'j per cent. In the middle of Pie day the in dustrial rate moved up to 8 per cent, apd later 8 and 12 per cent were quoted. Time funds continued nominal at tl per cent bid and 7 per cent offered. In foreign exchange there was mark ed improvement. Francs dropped early, but later rallied some 7 points to 7. 2.1 francs to the dollar. Sterling was quot ed at ?4.fi5. I Cotton was quiet and disposed to be 1 heavy, while awaiting the condition re port of tomorrow. Corn was weak and 1 oats were also raider. AMna Explonhen Am Ilrlt Mfa . ... Am Marron! Am W'rltinK Pitt . . . Air Hfflurtioii Canadian Car Cn . . Can Cur & Ktl.v rM Carbon stM Oarwn Tool Chflmra Motors Chevrolet Motors .... Cramp Curtlas Aprnplar . cmerson monograph . Hall Slmal . .. . Hupp Motors . ... Intur Profl'ietn . . Inter Rubber Lake Torpero Tloat . l.ohlRh Coal Hwles Llbbv, Mi'.V A Llhby . . Lima LoromoMvi . Merlin Parry ... . Mntlni Munitions . . N Shlnhlllldlna: . North Am Pjper Pulp . Otis Elevator . . reerleas Motor Perfection TO. . riilllD Morris Poole Knit SAVolil .N V Snld Ohio Sviinns-BootJi Standard Motors Slee Alloys Submarine s It Int Todd Fhlphulldinr .... Trlanile Film United Motors . . I'nlied Pront Sharlni II 3 Steamship . . World's Kllm . Wrlshl-Martln Air . . Vest rlooe Bid Ask (silo) in3 11 inbj :t a .5 " 32 17 t nil ,'iK JO 1 !n ten lin un 5 S ln,4 10'i 10'j 2.-0 300 2ns 21.". 51H ID m n nti 77s l-l'-s IS'4 H 41 4.1 42 22 23t4 2; 2'4 a SH 1)2 2 311 R7 00 32U .13'. 32 .A ' .IS H2 lit W A ftu SS (12 44 47 I'.i 1'4 P4 an .v 52 MM, .VI 301, 32 .12 nil II ...10 S'-I 3 7 17'i IB . KS n .134 14H . 1 t'l no '. 3 . ; .sTAM).ni OILS Illltoll is Ohio a:in Pralr'e Pipe . . . .2!o S O Cal .Its P O N J jmi SONY 40ft ! lMIKI'KNDKNT OILS 2U I7 1. in 3' 3't Inn 31 3ivi 320 !).4I Wi 41 iru, iw 1HI, lb', 20.' 4 Hi S !i: 167 -'..'5 ! sn's M 7.1 ,31 " 700 Denver & Rio Gr. ll,1 b Den & Rio U pr. Ib'Ji IS4 Dome. Mines ... 14 13" Elk Horn Coal . 0i 41)4' Emerson-Brant 3 ... Endlcott J 1174 Endlcott J pf ...101 Krl I H Erie 1st pf LO .'10' 1 t-'ani I'layere-L. .114,'j IH'4 Ked SI & S Pf .. 42 U Kreeport Toxag . oWX . 7 Gaston Wm & W. HoU General Cigar ... '.3 General Electric . lfi'J General Slotors .'.'L'.IJj Cen Slotors pi .. H2'i Gen Slotors deb . oh'i Goodrich Co .... ftjjj Granby Consul .. 73) (Jl Kortherii pf. V.iH Gt N c tor O P. .. Greene-Can Cop. . 4olt Gulf Slob & N.. V ' Gulf SI & N Pf .. 40 Gulf States Steel: lii llurtman Corp .. Uu!i U.ikkell & Barker. 01 Illinois Central . lul Inspiration Cop . 1 bU liuerDutu Consol. b' Int Coneo! pf ... Jrt Inter Asrlcui ... 31Ji oi'i a Inter Agrlcul pf. nyj... Inter Harv new .13i 13SJ, Inter Sler SI o2W Int Sler Slar pt .lit., lb'4 inter Nickel tJi Lr, inter I'aper (4 oO'a Inter P pf tpd . i'JK ... Jewel Tea ;U'-i Sfi'j Jones Bros Tea . '1 10, Kan City South . 21 TJh Ivan C ioum pf . .Vi.'J .8 '4' 167', 220 92.', SI, b2 73'. 1.4 7'1 43' 4 DM 18!i li 41,'j iio.'j 104 IS1. 3D 113 42 1G7 223 ill 8-1, hi 7:,K '...'4 lillli ri .1 , rt1k rommon extra .1. I,el yin. C."-llv.an'IiiNaMltatloii. 2U . .. jlrv f.rrVd ' tl" pieln""1''"1"" n"wav ""'. preferred" ,1 KP-V. "A K'Ttrle Kr.t Philadelphia Stocks 3 41 . us so Hlsh 25 Allla Id. 23Vi 230 Am Sirs, a.") 2200 Am SAC 42 Onmbrln Iron . Klcc Storage., Gen Asphalt . . do pref . . . . 00 Ins I'o of X Am 20 KenneCp 401)', .TTfi Key Tele 10 UK. 1, Stl Tor 24 80 )h Xav cnsli . . . 2,'tO I,eh Vnl. 4H SHnehlll. 14 3d Hank Low 23 Vi S4V4 42V4 41 IX) 80 .130V6 120 31 00 v, r.2 51 Mi 31 40 10 23 0fVi B2 61 Net Close chie, 2.T4 k vf. 42V&- 41 00 1 Vt mi ;i 130 2 31 -1 40 Vi 10 1 23Vj- onv-i.. r.2- Vi r.i 23.. 40(5.. 72.. 35 2(1 .. 20.. 07 104 87 Vi 3& A 87 X 38 . . 70 101) 1 R Vi 75 . . 205 1 - Warntd 23 23 03 Pn It U 40V 40V4 21 Penna CI 72 72 .108 Phil r pf 35 35 r.00 Phil Klec 2(1 2Ti IW P II T t e 27 . 20 20 Phil Tran 07 07 100 HcndiiiR . 87 ' S7 125Tono Mln -pi 3 ' 00 1' Food P 87 ' 87 100 I'll True. 38 38 275 tl fi 1... 70 00V4 1150 1' S Stl. 111 100 10Wart&8 8 8 . West Coal 75 75 285 WrVmp.205 205 BOND Net Hllth Low Close rh. 1300 Am C, & Kl 5s.. 85 83 83.. 100 CMty -li 1040 . . Oil DO 00 ,. 2000 RI & Peo Tr 4s ... 00 00 QO . . ' OOOO I. eh Vnl C,i 1023.. 101 101 Vi 101 1000 I.eh Val - Coal fis.100 100 100 .. 2700 Phil Klcc lat 5a.. OOVi 00 00 .. 1000 Hemline Ken 4s. S2 82 82 Vi 0000 I'n llwyn t i- 4s.. .10 30 30 .. 2000 Pn Hwy tnv 5s. 75 75 Vi 75 2V2 New York Bonds Tonv4-nNnr. iv t.wepty miNn Kal't nf Liberty Remits In tins Stock Rr thnro carru intrrrat to dots ot sole. Tits ftUr rrrriven thnt intrrcut, in addition to the tale price of the ootid. S' In ItOflo 2:43 High low v m. 3s 00.02 00.54 00.00 lit 4s 04.40 04.20 04.38 2d 4s 03.70 03.00 03i00 1st -l.V,s 04.00 04.S0 01.80 . 04.10 04.10 04.10 . 05.18 03.10 05.10 . 04.14 04.08 04.08 .100 00.00 00.02 . 00.00 00.S0 00.80 30!) Lib 25 Lib 723 I,lb OS Lib 107 Lib 2d 4 Vis. , 723 Lib 3d 4Vis.. 245 Lib 4th 4Vis. . 531 Vic 3 .... 680 Vic 4 s Rale In 11(100 AMERICAN SHIP THE LEADER ON LOCAL STOCK EXCHANGE Sales in First Hour Aggregate Nearly Thousand Shares Price Holds About Steady Market Slow in Starting appearance yesterday and enjoyed a fair amount of attention. stock in the first hour nfrRrrjtated nearly a thousnhd Fhares. tl orm y",fr(I? level. Cramps sold nt 205, off a point, nnd !,ij'"k ,i'N!"1 York Cllrb r,8'erd'r. till, being the Iilglie Interest on the floor of the Philadelphia 8tork Exchange today centered in me snares of thn American Hhln and f!nmmere Poronrsilen ,. i.ui, ,',t it. ?.PJliflr.n? '""'"'lay and enjoyed a fair amount of attention. Sales of 'this the price holding nd comparing .with reached h- .1,1. u '"" '" ' ' uv",fc ",u "'" l'cc s jet ... . H um?ot lvas ,ow ,n Krt,lnK started and declines were general through, out the list in the Morning trading. Asphalt preferred lost 3 points at 120? ;itP.. . '. v,ffk- nnd American Storea was lower. Keystone Telephona f ' . V ' dp8plte ,hp fnt,t ,hat ,ho telephone companies arc to be re turned to former management at midnight tonight. Few issues were marked up during the session, and such gains as wera mane were fractional. Electric Storage moved up a quarter, as did also United i- u ,nPTnl'n Cambria Iron Improved and Warwick. Iron advanced' . Lnite.1 jjood, at 87. was up . Ralls nnd tractions were weak. 1 j.J, of " BlnK,c transaction in American Oas' anil Klectrlc 5s, which gained 1 0n n sale of $1000. at 83, business la the bond section of the exchange was uninteresting. No Change In Refined Sugar New- York, July 31. The refined sugar situation remains virtually un changed, locnl refiners, as a rule, being withdrawn from the market. Prices were unchanged on the basis of 0c less 2 per cent for cash for fine granulated. Itaws are also unchanged nt 7.28c for, ninety-slx-degrec centrifugals. Arrivals of raws yesterday included 18,r2.- bags of Cuhas'to Arbuckle Tlrothers and 3201 bags of Venezuclns to Canada. The United States equalization board made no purchases of raws ye9terday. Liverpool Cotton Liverpool, July 31. There was,a fair demand for -.pot cotton this morning on tlie basis of an advance of 35 points for middling nt 20.50d. Sales were 5000 bafes. receipts 7000 bnles, includ ing 5400 bales American. Futures were steady in the early dealings. Spot prices were: American middling fair, 23.00d; good middling. 21 .(Md; fully middling, 21. Kid; middling, 20.5(!d; low middling, 18.81d: gobd ordinary, 17.10d; ordinary. 10.03d. 4j'4 45.', 40 tilj 90' j 0(1' ; 100 , . tl' 74 2S 10 0.i ss M , loO 1 b5 28 LIS 0'. Il7.'i 28 or, Wi'j 10 ,.t Allen Oil Boston IV.VO Oil Cosden k Co Elk tUsIn ...;... In'er Ivirnlenm . . island Oil ft T ... Houston Oil Merrltt Oil Mel Petrol . . Mldaest Oil Ohio Fuel Omar Oil Oas anulps Penning Sequoyah Sinclair Slnelalr Oulf Southwest Oil united, oil it Complet Federal and State 1 - 1 Tax Service IWATIONALTAXAUDITBUREAU f T tx KPrls snd Public Afcoyntanti 40A rAieaiMi a'rfise iiia i, m ; Msrket and 13th tits. 'KW-se. 10J6. V n, 0 I -n.. $50 $100 tTY BONDS JMBOHT AXU B0L3 a.nenry GOVERNMENT BONDS Alk Sfti, in 03 02 on m'i 96 ipon S. 13, . . nju inn if, 8. Oott, r.ltered ;. 19 Ji),. 9H ton li, v. iiovi. c-iuiinn OF, 1W.D... , nn p2 U, S. ao. rlltrd 8s, line) , S3 f V. R. Oovl. coupon 4s. 103.1 losil 106V it s, Oovl, relster.d 4f. 15.1. .tnn;i jon DIM. ot CplumbU -3. h;.i.,, 07 100 Psnama 00 u ion 2, 16. . . . rnm rl' - " Psnsms coupon 2. 10IK..... 1'ansmi reirtstrrsd 2s, IMS. . ranama eouoori s, 10SI . , . Panama rfelstered s, tql . PhlllPPlns U. IJJj J rhllloplne A: IMS , .. i-nnippine ss. pn ..,.-.. i;. K. Oovte.coupon Ss. USD, Hid 0Si MS Bli sn so an an an nm BAR SILVErt Commerrlal bar Iver Tras quoted in .is n;iU.. .t.Jii.l-r iotk iwi t :fl?e, n ibt IPs ins" . 27 . 73 S7. . .Ill IS 3 7 11 U 11 V, a-'., 7 1-n : 71 .111, n7. Pt IP. 7S 74 Kelly Spring Tlre.U j I3;it i.j do rignts ', Kciinccott Cop .. tl n"., Kress (3 H) Co. -. ... ric.ioiiB T & It.lOO'i IlO1, Keystone Tire ru. l'JJi lU'i Uack Steel (,), S7 Lake 1-5 & West . ll'i .. . Lake 13 Jfc W pf. . : .15 j :.1."i Lee Itub &. Tire . 3-lj 3'1'4 Lliigli Vulley ... 2 fi2.'4 Lig & Myers pf-1134 ... -- o-l.'j 40, W) I'M, i.r 2.T, 32 Alaska II C M mir ix-nis Putte Srv Vork . . Poslon Mont C F S ft Jerome . . . Con ArU First National Fortuna Cons Ooldllfld I'nnt . . . . floldrteM F-lorsnce Ooldneld Kfinnu Ooldfleld Mera-er . Clreen Monster ... . Heela Mlnlns; Indenendenre Iead Jerome Verde. Jim Pc'ler Jumbo Extension . . . MeKlnley Parrarh Ufatnlii Copper Mines Co of America Nstlonal Tin Nevada Hills Nevada Wonder .... Nlplsslna ,. Kar tlerculea San Toy Tonopah Kxtsnslon I'nlted Veril White Caps MINING STOCKS S 7S- s IN is tin A Ml -J? 711 V, 7 S' 35U If. SO ; I Loose-W Bis . I V Lorlilard (1') Co.2S 2 0 uollls II Nash ..llMi .. Manhat Elevated. 84 ... Manliat Shirt ... :t'l Maxwell Moiora . i Mux M lat pf ... H1H Max M I'd pf.... 411, May Dctit b'lorcsKM Mexican I'etrol .IBS i 10 0.1 ss tsT, 100,'i (") Hi 28 3. '4' i:V 0' H7.'j 2S a. ii ia :2.'j -l.Di l.'ll .'4 10' ( 'no', l'J'i 80 2.T 32 o2'i !.0t,' mon. 2. ' u,,r-,n- -' Sers.ltoel.uck. com- GAIN IN BANK CLEARINGS July Total Establishes Another New . High Record Philadelphia bank clearings for the mouth of .luly established mother new hiph record, amounting to .$1 .03.1,40i, . 008 ux compared With the nrevlnim hih record of ?1. 8,10,481 ,010 rutablkhcd in June. .Monthly clrarinzs for the lact years follow : two January . tdhrn j ... March ."' April '' June July , . Aunust September October November . . December . . . I'wehc months 1019 1918 I.Ma.r,i;.234 Jt,.-i22,S27.nill !! ' ! i-"s 1 ..--a.:iu.i.tii 1 i.7.io,2a.s2n 1.0.HI.S2O.OII7' 1. 7211. 5H7. 113 l.iS0,4Ht,ni l.8.-.4IIH,llnS 1.427. 17.1,3.17 I,n7,2.1.:i(l4 1,711. IMS. 420 1.700 .inn. 17a 1.7I1V812.7M 1,734.638.111,2 l.fllO.Bll.ilI" i,n. 4iii.mii 1.7S1.704.327 1, 775.418 77' 1n.71.n92.4,3 Hlffh t.ow 2 Am Agri Co cv ."3 OSIC !18i 10 AT&T 5a 8SU '8S14 4 Am Writ 1 7h.. OOVi 00', :ill Anglo-?ch Hr.. 07 3 A T &H Fgcii4n 70V, 10 Am I' & I, Os.,,100 8 11 & O cv 4 Van. 73 20 City of Taris (Is 07 2 r n n of x j r.s.ioi 14 C & O cv lis. . . 87Vi 40 O n cc Q jt 4s. 0(1 11 C n & Q 4.. 82TJ, 11 C O IV 4 rS 0 C M St P 4 of 102.1 70U. 2 0 It I ri 1 4s.. 73Vi 3 Hiile Cop 0s 03 -C & IV I 4s.... 03&& 2 Col In clt 3a.. . 78 20 Con Clan cv (I... 101 1 KI1V 2 Den & Ilio Or 4s 03 0.1 1 tic cv 4i R 40 y. 1 C, II A Wbb 12 21 H & M fdg Z S 00 .1 do ndj 17U Ollh Stl 4Vjs.... snvi (I IRT ref of '60 00 14 Int.MetColtr4ijS 37, 2 Int Agri fin 844s ri.lap 2d gr Ota... .S3 28 Kan City tr 4s. . 75 0 7!U 100 75 00 '4 101 87 00 82 !58 TSVi 731,41 03 ''1 78 4(Pj 12 OOVi 17Vi MV4 00 '4 37 84 S3 1 12:4.1 OKI 88 V4 OOV, 07 70 VI 100 73 07 101 87 U on " 82 .IS 70 Vi 73 Vi 03- 03 78 ' 101 Vi (15 4(IVi 12 00L. 17 V 85 14 07 y4 ?17 84 S3 i.l'.'j T.i'li I.eh Val (la: lO!, 101 -Ii 101 Coiden Oil As Cosden t Co ll . . . Russian CIov IS'is rtusilan Osv Ana no.vriH 31 32 II t.H .Id At 2H ri 1T i I01I4 103 Imi? in-; 41 M a as .1 S 32 12 an 10S 584 New York Metal Market .New Vork. July 31, The followinr prices wer ouotao: . the New Tork Metal K. rhanc todays Copoe-anat, offered. 2Ue- 2c: Oet(ihr, orfereil. ttHi; November, nt. fared. 2S!4i!l pcmber. offsred. 24. Mar. hlvuj. Lsad Spot oflsrsd. S.TOe: Au- ...1. s-iimii.' azzzi -"- --.T-i " n.vnri jrinvmr. onrrsn, n tir. iarKfl wealf, AUTOst', . offered. T.lKn (Heotimbs aust, pffsrsd. .: Driobtr. orrrrsd, a rr. Speller, TjSsst i. llls Rtwit, T.Ael Dojor-r fH'IM. T.ASUr' tr;'T.o4e: ' Miuml Copper ., .OH Mldvule Steel ... UMi Minn & St L nsvr. :U!i M St I' & S S M. 0j M St I' S S M pt.101 41 o Kan it Telia, jyjf Mo Kail & Tex pf. 214' Mo Pacific 4. 4 Mo Pacific pf ... .'til Montana Power . ;. National Acme. ., .If; 4' Nat Cloak & Suit. HO Nat Cloak & S pf. Oiii Nat Con & Cabin, 22 Nat Hnam & S . (0 National Lead .. S4Jj Nut n of M 2d pf. 0 Nevada Con Cop. :0 , N Y Air Brake ..II .V V Central .... 79,'i N Y jyotM N Y Dock pf ... 7H1 N Y N II II... 3Mj N Y Ont Wea . 24! Norfolk Southern. 17,'f Nor & Western ,.105 Nor & West pf . . 70 North American . B2H Norti Paclflo ... 04) j Nova. Scotia S & O 83 Ohio Cltlea Gi . Kl Ohio Kuel Bupply. M J4'4' 'M, h2 44 104 11 2H HI 60t' 2l)i 04 ILS 14 : 22)f M'.i .ou Kl'i ' ' l'i 80 w4!i S.'tt,' ' 14 1-0', 4Ui IU2 33.' 1 cO 1 41.'i 102 ItS'-i 18!) 2t5 iWi loi. 2(4 04 1(3 Mi 21 ci '79J . us . 'Jin '8!i 70) i 5 20JJ 04 101 U'i 21 Hi '.'! :j8'i 83) j "Ah 78, 8U4 20)i 20Ja 20H 7J), 07 71 J'J,',' -3!, 17 7 (13 .0 ATA 23 , 17 7 H 63 '() J7 23'., 17 1()5! imJi I04'l 70 Si 14 S3 l7) 49H 0 Kit 82 Ontario Mlnlnc -. 7t4 . .- J Okl.Prwl J4I. 11H 11H 11 j vvsas Jsuh;,,,. WI (KJ mi;, 70 8,'i Wlf 82 . tmt .t ? MONEY-LENDING RATES NKW YOIUt .Money on call, mixed rollnterul opened nt (I per cent for lend. Ing and renewing. On nil -industrial collateral the opening rate was OVi per rent. There ia no change today In the rate for cither mixed collateral or industrial loans. Tlie ipiotiitinna remain (i per cint on tlie former and 7 pet- cent on tlie latter. Ilotb acceptances and mercan tile paper are unchanged alfo and ipilct. PHHADKLPIIIA Call, t, per cent; time, 5!4f&G per cent; commer cial paper, three to sir months, iiVi! OVi I'cr ccut, and sir months, (I per cent. LONDON loney Is quntpd at 2 per cent. Discount rntes, short bills. 3 710(it3Vj per cent. Three mouths' bills. 3 0-1l(fT.'! per rent. 1 Long Tsland fdg. 75 75 5 'Midvale 5s S0 80 5R Marine 5s 00 0S 14 M K i T fdg,. 4OV4 40 15 Mo Tac gen 4.. 00 50 3 Mont Power 5s. 02 01M, 10 X Y O II 11 0s. . OH 07 7 X Y Cent 4VaR.. 80 80 2 X Y Cy 4V4s '00 07 07 7 X Y X H & II cv. fls 82 25 X Y U.vk ndj 5s 14 4 X T Tel deb Os.,100 80 00 4(lVi (50 02 07 Vi 80 07 uiilllllllllimilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllMIIIIMIIIIIIIMU: Over$70,000,000 Assets Shown by TKfs Bank's Statement. Other assets not shown are: A host of . good customers and friends. A competent, experienced, faithful organization, striving each day' for perfection of serv ice. A financial standing of the highest character. Don't worry over poor serv ice, send your business, both foreign and domestic, to the 1 Corn Exchange National Bank I PHILADELPHIA jjj Chestnut at Second atlllllllllllllllllllUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIllllllllllllllHlllllllllTil 82 14 100 102 102 .10 3!IVi 08-yg 0S?4 77 177 87 '87 101 101 105V1. 105V4 87 87 FOREIGN EXCHANGE New Yorli, July 31. After opening at 7.24 for checks and 7.22 for cables, francs eased off to 7.27 for checks' and 7.25 for cables. Lire, Swiss and guild, ers were firmer, while sterling was n shade easier. Quotation were: .lemand sterling 4.3,r. cables 4.30; lire checks 8.C0, ca bles 8.58; Swiss- checks 5,50, rabies 5.54; guilder checks 37, cables 37; pesetas checks 10.10. rabies 10,20; Stockholm rheeki. 24,70, cables 24.00; Christlania checks 23.00, cables 23.80; Copenhagen checks 22,30, cables 22.50; Ilelglan checks '7.57. cables 7.55; mark checks IU, cnbles 0, Hubles were rtupted 7VJ7. In the early afternoon francs showed a firmer tone; 7.25, Vi for checks and 7.32V4 for rabies. 8terllng advanced to 4.30 for demand and 4.3(1- for ca- bles. There was n firmer tone to guild-' f r which were quoted nt 37 7-lfl for checks ani -10 or rol. BANK CLEARINU8 flank elesrlnjs today nomparl wltti cor Ifsponilliia dy la tVXJSf?- 81 14 I 100- 10 X & W cv 0s...l07Vj 10714 107V4 3 ISerce Oil 1024.105 , 105 105 ' 20 I'ennn 5s 10OS.. 02 02 02 1 Heading gen 4s. 81 81 81 2 stL a w rs 01 u 01 , ni vi (I Seabd Air L ndj 51 Vi 51 51 3 South I'ac cv 5s.. 105 105 105 12 South Hwy g 4s (15 05', 05', 21 St L ft S V A 4s (TO 8 Texas Co cv (Is.. 102 a Third Ave adj 5s .'!$ 44 I'n K fit n & I 5s 1021 ..., SS4 8 It S nity & I 5s 77 5 V S Rubber 5.. 87 12 l' S Steel 5s....l6l 0 I' S S fc H (1M..10.V-. 1 I'tah Power 5s.. 87 13A-a-Caro Chem. ,105V, 105 105V, 10 West Rice 5s,.. 07-"-i 07-14 07V, 2 West Md 4s ,'fifi 58 5S 1 lYest I'nlon Jsf57 57 57 22 Wilson & Co' fon 0s ilOOi, 100 100 DIVIDENDS DECLARED The Cailet Hosiery Company, a dlvM.nrt of 30 ceata pr share--on common, payable as rolloxs: Ten crnif per anars. payable Aur-ust la to storkholdsrs of record of Au gust 10; 10 cents per share, rajablf ffp. tember la to stockholders of record of 80. tember 10 and 10 cents per share, payable OctoBr 15 to stockholders of record Oe. tobtr 10. Houthern Pip Line Company, quarterly of 1,1. payable September L'O, lo. Hock of record Auiuat 1. Continental Papers But Company, quar terly ot IU per cent on common and pre ferred, both payable August IB to stock of record Ausust a. NJtlonal lad Companv. quarterly of Vi per cent on. common and 14 par cent on ths preferred. Common!" payabta Meptember SO to stock of recordi September ll. and the preferred la payable September 15 to stock of record Auiust SS. , ,ino American jiaui"ur uouipany, 171 per nt on Deferred, pavmbl Auai.al in tA al!r 1.1 r.nrA ADStlSt T. Also. S ... mn. ... w. .1 . .. .. ------ .. --. , .. .,-. ,.,... payable nepiemoer so to stork1 EIGHTH NATIONAL BANK Philadelphia Established 1864 f Capital $ 275,000.00 Surplus (Earned) 1,000,000.00 Undivided Profits 231,750.00 TOTAL RESOURCES $8,600,000.00 A Commecial Bank With a Sayings Fund Depart ment. Boxes to Rent in Burglar-proof Vault. Second Street and Girard Avenue cen slot on rommon of jreeord September 2lj CO onsolldated Oss Company, quarterly of 1 per ceni. payeoio BepicmosT to to siock of record Auruit; 12, .' LONDON jMETAL MAMKET Xw York. July 31, Cable advices celved at tha,Ne mornina- quoiea iouowss Tin -p York Melr.l Kichanse this Tiers in inoon tooa tutures. 2ST 1 '. I I2TT. an advane sain or'ti. ar Pt.':S4. tBfl lea rain of-II. and strslls y aa of r traiiv. (Wures. via. ui lUtU. Un ltf,M& jJTTIlfe..vnhMek- )M r NEW ISSUE $35,000,000 v Baltimore and .Ohio R. R; Co; Ten-Year Secured 6 Gold-Bonds Due July 1, 1929 . '"' Price 96 12 and Interest, to Yield Nearly l6, Stcured by dcpoBll of .capital' ockr of n'eadlnr Company and other ooIlatcriU to til value of about .11 6.000,000. ' i'or (Jrtlier particulars addreat ' Edward B.Smith &Co ESIABLIBHED 1892. BANKERS - Mwb& Hw York ani Phila&Wia Stoc&tipbhanaet .'l :1 SI - -ill m "RB ' Ai v. ., 1 1 'y mt'w lwm mwffl.?2 ", poii i -jnniw. m,m iw jo; mi -V S.. . A. "" '), i,JJ. 'I ,T ". " .r. , ,1 r, . r. , .' mimms&
Significant historical Pennsylvania newspapers