,'frv w "Awti 'i U t" i ' EVENING' PUBLIC LED GEE-PHILADELPHIA, FKIDAY, AUGUST 1, 1919 r NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES imfy'S'ffijfi-''Si ' . V I r rl? , t t H5 . gpS. spy o Bin Rail Bonds for Your August Funds HP-HE railroad bonds on our August list return exceptionally high yields to Investors. At present prices, 14 conservative issues now offered yield from S.45 to 7.25 TheNationalCity Company Correspondent Offices ( St Clllca Philadelphia 1421 Chestnu'. Street Atlantic Citr Chalfonte Block Boardwalk I ! m I i i.n i V 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. Members New York Stork Vxrhanqa Franklin Bank BIdg., Phila HEW YORK UOSTO.N GOOD RECOVER Y IS MADE . ON THE NEW YORK 'CHANGE Early Irregularity Gives Place to Rallies and Reactions Prices Rise Above Lows of the Morning New York, Aug. 1. The stock market todny made a Rood recovery botli in mood and prices from yesterday's unsettled closing. For a time during the forenoon there were Irregular price movements, with a disposition to wait for the opening of the money market before making new commitments, and in that prlod rallies and reactions were frequent, but after business in call monev started with loans ou all industrials at 7 per cent trading became more active, with buying coming nt frequent intervals in many groups of stocks, and before the clove prices were generally 2 to 0 points above the low levels 'of the morning. United States Steel sold down to lOStfc. but later advanced to 110, and Baldwin Locomotive, after declining to MS3,, rose to 112. Now York Dock ranged from (10 to 00 and American Tobacco, which sold early at 240, late advanced to 247. 1'nitnl Cigar Stores was fairly well held when other stocks were weak, and in the afternoon rose to 220. In the late denlings Vnitcd Kotiill Stores moved up to above 20. New Haven was under pressure nt times, but ended with a fractional gain. Tobai-co Products was the feature, selling lit 110 ex 1'. per cent divi dend, against UKlffl yesterday with the dividend on. The marine issues moved in the same way, Marine common advancing to above 01. Many of (he railroad stocks, Including Heading, sold off in the early trading, with brisk advance in the afternoon. ItiiMiicss was influenced to an extent by the usual evening up of con tracts prior to a holiday period as the exchnuge will be closed tomorrow, milking a double holiday interval. , Dealing in Liberty lionds and Victory notes were again on a large scale. ith prices generally making moderate advances. There was a fair demand for railroad and indu-trial issues, without material change in prices. NEW YORK STOCK SALES QUIETER CONDITIONS Trevrous . close ltlih lOw C1n rn Express .... 51 SOU SOJf 50f dvance Htimely. 44 44H 44 44 Adv Rumely pf . 71 Max Rubber ...,10ftW 107)5 105M 107 Alaska Gold M.. a( 3f 3 3 Alaska Juneau .. , 2J-4 2!S 2H Allls-Chal Mfg .. W.i 4fif 4.1 45'i Allls-Chal Mir pt. 07 05 P5 r Am Agrl Chem .100 103!$ 105H 105H Am Ag Chem pf.100 '. Am Hank Note- . 40 H Am nnnknotc pf 4S!i 47!i 47!4 47H Am Itoet Sugar.. lO.'f 9-.JS 00 00.'. Am Beet Sub pf. 03!. Am Bosch Mag ..lUti 117K 1121. 117! Am Can 57 67M 0GU 67H Am Can pf 1045J Am Car & Fdy .114'f 115 113! 114!$ Am Car & l-'dy pf.H5 115Jf 113M 115 Am Cotton Oil .. CUi GU 01 01H Am Drug Syndl, latf 12H 12 12H Am Hide & Lea . 40H 41!. 30!i 4i! Am H & L pf ..13J4 132H 131 131 , Am Ice 50 00 5S 00 Am Ice pf 72!i 72 72 72 Am International. 107'S UIS5. 10G5i 10751 Am Unseed ."i 70! i4 701 Am Locomotive . SS SH S7 MS Am Malt & Gram. 57 ' 6SJf 68 58 Am Smelt & Kef. 3li S4 . i! ?4 Am Snurr 125 Am S & R pf ..107 107 lOtJf 106!i Am Steel Fdrles . 4.' -I4M 43Ji 44 Am Sugar lief . .134!, 135 1341s 1-5 Am Sug Ref pf.,118H Am Sum Tobacco . 1U4 103 103 1045S Am Tel & Tel ..1P3U 103Ti 103'i 10.''. Am Tobacco ....240 240 240 210 Am Woolen . . . . lilOS C llilJS 11SH m Am wooicn pf ..ion:; ioou ioi?i Am Writ r pf .. 01 OS.'i Am Zinc h & S. . U Trevlous close Ohio Cities Gas . 50 Dhlo Fuel SuddIv. frl Okla TrcKl & Ref. IPJf Ontnrlo Mining . 7J4 Owens Bottle .... GO Owens Bottle Pt. 101JS Pac Gob & Kleo . 6tH l'aclOo Mall ..... 30 racltlc Tel & Tel. 33H 1'an Am ret & T.llija HlKh , Low Pcnn Seab Steel. I'enn Railroad .. People's Gas Chi. I'eorla & Eastern, t'ere Marquette . Pero Marq pf ... Philadelphia Co . l'lerce-Arrow . . . Pierce Oil r-ittB Coal Pitts & W Vo . . . Pond Creek Coal. Pressed Steel Car. Pullman Co i 40 405 17 52H 4tlM 30 7! 23H 71 38J 21 89 123 10H 10 VA 7! 53i 67 ' !,b ' 0u! 39 39 33H 33!S lift 112 0U 47! 45J 4Wi 51 49 Cloe. l0)( 'lOH 7 CSli '65 39 33Ji 112 40! i 45H 49 MH '21! 21U 3HH L$H 23!$ 72 3s 20Ji 8UH 125 t 38H 57!$ 23i 71 38H 20 89 38H f8 23M 71 38!( 20!l 80 124!$ 124J$ Philadelphia Stocks a 74!$ MM :5h 10 H 07 1-7! S 73!i 74'4 PREVA1UNWALL ST. Holders of Stocks Refuse to Be Stampeded by Money Situation York this SCRANTON Investment restions rjrcular offerings. I I Sugg I M H r m - B Send or o complimi-ntan copi; B this circular, Xo. L6. ', A. B. Leach & Co., Inc. . M 115 South Fourth Street 't . M m r' l r l,'l ' ' j We have Just prepared llstlnc 78 attractue bond I lncludlns: 25 Municipals 10 Railroads 15 Public Utilities 6 Industrials 1 1 Foreign 11 Short Term Th rate, maturity. Trle and yield of these bonds are Indicated, as well I an their lax-exempi iraiures .uany I of the bond are lepal Investments for Savings uanKs ana irust r unas. of Touch New High Record on Trading of About 20,000 Shares Asphalt Up New York, Auk. 1. The New KveuinK Sun's tinancial review afternoon is as follows: Much, quieter condition prevailed on tke vtick exchange today, the ec of a two-day recess in triulinR. Holders! of stock-i refused to be stampeded into wholesale iinlnailins by the dUnial pic tures jiaiuted of the money and foreign 'chnngp siiuatiou. 1'rices receded a trifle further in the early dealings, but as soon as it was seen that there was no urgent haste to sell, bear opera tors commenced converting paper pro fits and this started n general rally. lly midday, the industrial list had retrenccd the ground lost and in many instances small net advances were shown. There was no incentive for following prices up, however, in view of the uncertain outlook and during the greater part of the session prices drifted irregularly within a narrow range. The renewal rate for call loans w-as C and 7 per cent for mixed and in dustrial collateral, respectively. This, of course, was the chief constructive factor, but the street was in n nervous state, not knowing at what moment rates might start skyrocketing again.! and for this reason very little wus at tempted ou the long side. The action of stocks this morning showed very' ..1n.'..l.. .I.... tlini. nn.itinn lind lii.nil ' IHUlIil UIUL lll'Il IFW.IIUI, It..'. .... I materially improml. technically speak - ra king, by the decline which nns per- 50 78 7S 01!$ 0 ?$ 83! 14!i 99$ New York, Aug. 1. There was heavy trading on the llroud street curb today in Savold Tire, which rose from 00 'A to the new high record of 70 on trad ing of about 20.000 shares, the move ment being based on the announcement of the acquiring of important tire plants. Pisk Rubber Tire advanced from 44 to 4(!'j following the application to list the stock on the exchnnge. Mar-tin-l'nrry was steady, selling at I!." to :2. There was special demand for Simms Petroleum, which was traded in at 3.'tV to .'14, the buying being accompanied by productions of coining Important re ports. Sinclair Consolidated sold at ft.V-! to ,"!l and Sinclair (!ulf sold at 17 to r(!Ts. International Petroleum sold nt .12 to 31'-... Allied Packers dropped to 03 and then advanced to 0.". t'nited Profit Sharing was steady with sales at .'IVs to .'!. International Motors sold at SO, an advance of 10 points from its last recorded transaction. American Writing Paper was traded in at fl'4. Delntour llcverage was traded in at 2(1 Vj to 22. (leueral As phalt sol. at 83 to 84 ,. Phillip Morris ranged from 14 to Il4i'(. Submarine lioat sold at 17V. to l77s. Tobacco Products l'xports was a trims feature, with sales at 3N'.. to IS)''.. LVnUSTHIALS Am Z L & S pf Anaconda Copper. Assets Heallza . . i!!i Asso Dry Goods. 54 5(1 "3' a Asso D G 1st pf. SU 78 78 Asso D G 2d pf . . 78 78 78 Associated Oil .. yi$ 0l!$ 01H Uch Top & S F. 18 07!r 07 Atch T & S P pf. 84 83JS 83'f Atlantic B &At . Uii UH 14H AU Coast Lino ..10 J 99H 09i Atl Gulf & W I. .163 Atl G & W I pf . 74 Baldwin Loco ..HO'i 112!$ 108i 1115$ Baltimore & Ohio. 45!$ 45i 45 45 Balto & Ohio pf. 54i 51'$ 51JJ 54!i Barrett Co 12 ,'i 129.'i 128!$ 129! Bethlehem Steel.. U3H (n5$ 04Vj 94!i Beth S Class B . 94 95.U 03H U4!$ Beth Steel 87c pf.ll..4 ... Booth Fisheries . .2' 22.'i Brook Itap Tran. :0!i hi Brown Shoe .... 107.," . . BrunT & By Sea 14 11!$ Butte' Cop &Zlnc. 13Ji 14'j Butto & Superior. 1;8 :Uli Butterick Co 37 3n.'i Burns Brothers .150 150 Caddo Cen O & R. 43!$ . . . Cal & Arizona . . 82 SI Cal Packing '.US Cal Petroleum . . 45! Cal Petroleum pf. soi Canadian Pao ..1C0 Central Fdry ... 40' i Cent Fdy pf 70 Cen leather Co. 110!$ Cerro do Pasco C. 01 Chandler Motor .250 Ches & Ohio .... 04!J CAH CAM Chi Gt Western . 105$ lfj. 10!$ Chi G W pf .... :8i 2S 275$ Chi Mil & St P.. 47'$ 41 47!$ Chi Mil & St P Pf. 0'$ "0!$ 70U Chi & Nwm .... D8.U 00 00 Chi R I & Paclfloes.'i 2s.'$ 28! t Chi R I & P 6 pf. 001, CO OG Chi R I & P 7 pf. 78 Chile Copper .... 25,'. 2 255$ Chlno Copper ... 4G! 47 40 C C ,C & St L "2 :'o! i 13!4' '3H 27 30U 140- -.2!$ "1 'tin 14!i SS!i 30!$ 140 81 72 47Vf 81 100 30'$ 73'$ 70 73 111'. 1105$ 1113s 01! i 00 C0!f 47' SI 1C0 40 05$ 71 i 45!$ 81 150 li 30M CONVERTIBLE BOND ISSUES The current number of the Market Review presents briefly a number of facts of interest to investors regarding several con vertible bond issues, including Chile Copper Convertible 6s Wilson & Co. 10-yr. Convertible Sinking Fund 6s New York Central Convertible Gold Debenture 6s Chesapeake & Ohio' 30-yr. Convertible 5s Sent on requfnt for L-117 HUGHES & DIER r n 1 Chli-HRo lloanl of Trade 1435 Walnut St. r!iiitiHiiiii.i York OIHcc 30 llruail St. Exempt From Federal Income Tax $100,000 City of Minneapolis Minnesota 7C Bonds Due Serially One January, 1D?0, to January, 1033 For Sale on a 4.55 Basis Blake Brothers & Co. sisted all this week and which in the i aggregate has brought representative stock a long way down from their I recent high level1-. ! ()nl slight reference was made in the August bulletin of the Federal Uesi'rve Hoard to speculatiou and money. Un interesting statement was made that "an investment demand, however, has revealed itself and an unusual amount of stocks N reported to have been taken from the market, the consequent decrease in supply result.ng in further jj- Tnr .fn. . . increase in prices in the face of con- ui.by. mi-n & Ubby tinned demand." &", 'V .".-.: The fact that the stock exchange an- Maxim Munitions .. i.....i; am inLiiii? stens to reiircaiilJ-.e ' .N i hhliibuiia.nr the system of hninlling can money a-.i(ll8 Eicator noted with satisfaction. In view of the growing demands which will be made on the mojiey market, commission houses continued to advise cnutinn. The increasing dilncultye-tpirienced by bor rowers in securing time accommodation shows which way the wind is blowing. The equivalent of 7 per cent was bid for industrial time funds today and lenders are refusing to renew many of the maturing loans. , Out side of the money tangle, there ! vi us nothing to inlliience stock move ments. I'nited States tSeel got down 1 as low ns 10s in the early trading, l but sold above 110 later in the day. ' The petroleum shares enjoyed n good I recoverv and a number of specialties 'were marked up ery easily. American Writing I'aper preferred bettered its re cent high price and Cast Iron 1'ip" .cnnie to the fore with a gain of nearly I three points. The rails moved with the I industrials, hut within a narrower range. The tobacco group again showed a pronounced strength, gains here i amounting to 2 or 3 points. v Inlent linturn in cotton prices lol- l..wl the Ilenartnient of Agricultures 1 tigurc as of July 25. showing a condi ' tion of 07.1 per cent of normal, com ! nared with 70 per cent a month earlier Aetna Kxplti-lves ... Am llrlt Jltg Am Marconi Amr Wrltlns Paper Air K-iluetlon I'.ina-llan i'rir Co .. Can Car Kdy pfd . . Carbon Sti-el I'aru pii Tool Chalmers Motors . . . Che rolot Motors . . , Cramp Curti.sa Aeroplare ... lmeron Phonograph , Hall Slsnal Hupp Motors Inter Products Inter Ilubuer Peerless Motor Perfection T & It Poole Kn Saoli! N V fiavolii Ohio Hcrlpps-Ilooth Standard Motors ... Steel A!!ns Submarine Swift Int Todd Shipbuilding , Triansle Kilm I'nited Motors . t'nited Profit Sharing 3 V S Steamship 3 World Kllm " Wrlsht-Martln Air t STANDARD OILS Illinois is:. Ohio .1S.1 Prairie Pipe 1!S, Stand Oil of California. .Ilia Stand Oil of New Jer 730 Stiind Oil of New York... 400 Test close Did Ask (sale) 10, 1M 10si B r.' n'i in 17 nm ."..'. r,7 on 411 43 Pii Inn 111 l-'O . 15 S . in loi ini; . 'j.'-n son .2011 ill) 205 . 10 15 . il rt'4 . . . s !l S'4 . l.T 13 13", . 44w 4,'.'J 44 . wt, ;-j sa . "S H2 . 27 2!l . s7 nn . 314 33 32si . A 'i .. . S! HI BO '1i r.s ,M4 .10."- 112 . 44 411 .-us'1 "' . M 53j .-,3 . 3ft'i 32 31'4 . 30 so 1" ll'i .. S 7 . I"', IS 17a; . .17 SI) .13.'i 130 13-1 . I 1'i .. . .-.0 r-7 4G!i 50 , 49 01t 20 C71J 85 J 5 5J 49 0.5s 49 6Ui 00 ICOif LO'i P3 , RS1.' Col Fuel & I .. Colo Gas & Eleo Colo Southern . Colo So 1st pt . Cluet Peabody . L'omp Tab Reo . Cons Cigar 01 Consol Gas 09)3 Consol Int Cal M. 21 Continental Can . mii Corn Prod Ref . 8S"a Corn Prod Ref Pf.l0t5. 1.0S.'t lOtsJf Crex Carpet . . . . r.4 Crucible Steel ..133.'j 13G: Cruo Stl pt ....100 ... Cuba Cane Sugar. 33! J Cuba C S pf 7l i Del Lack & Wes.lOO'i Denver & Rio Gr. 10)f Den oi Klo u pi. I7j Dome Mines . Elk Horn Coal Emerson-Brant Endlcott J . . . 04Vi 10' 2S 48 70K (9 2. 00 "if. 47 49 Ol.'i Punta Alcgre Sug. C8 72 b8 ' Hy Steel Sprint . 1)4 93 03 0J tl. C QnHni tif .100 ... ... Hay Consol Cop . 2(5i 25!i' 2'H 2 U Reading 87 hS my, - Rem T M pf ... 07 97 07 0 Republic 1 & 8 .. 05W 1I4H I2!i C2W Republic I & S pf.105 Rep Motor Truck. 51Ji CI 51 61 Royal D A shares. B41i 05J 93M 9:iH Roy D N Y shares. 03 05M l3 04I 61 Joseph Ix:ad . 10 15Ji loH lWi St L-San Fran .. 22 231f 22H 23 St L-San Fran pf. A2 32 J2 32. Savage Arms ... 70 7t) "ifl 70 Saxon Motor .... 19' s 24fi Ml 24 Seaboard Air L.. 1' H Shattuck-Arlz ... 17 17!i 17j 17U Sinclair Oil Ref. 5si C0)i 59 59!i Sloss-Sheff S & I. (7?X 07 (i05f bi!l Southern Pacir.o . ICaJi 105 Kl.'lU K 5 Southern Rwy .. UH 29H 29j 29K Southern R pf .. (17 Strom Carburetor. 8'J 'Oil 81 905 Studebaker Co ..10S 111 1U7 109)a Studebakcr Co nf.102 Stutz Motor 114' 117 113 110 Superior Steel ... 4Iif 44! Alii 44H Tenn Cop & Chem. 15 15H 14Ji 1" Texas Co 263M 269 264 218 Texas & PaclHo . 59 Oljj 5 ii 605g Third Avenue ... i'3H 23?i 235i 23! Tobacco Prod ..UO'.l.Oii . 7'3 1 94 Tob Prod pf ....107H 107H 107 107H Tol S L, & v pf tr. L'5 T & W Stl Forge. (214 64 1-2H 03 Underwood Type. 175 17uJi 170J 17Ui Union n & P .... 80 Union Pacific ...131f 132 131 132 Union Pacific pf. 72 7j 72 72 United Alloy St. 55 .-$ 55 B.IH United Cigar 3 .21213 22.1a 213 22. Un Cigar S pf ..121M 1.'2 122 122 united Drug ....105 Un Drug 1st pf . . 53 52!f 52 52 United Fruit ...H7 18) 18BH 189 U S Cast I P & F. 3353 36. 32V 30 U . C I p & F pf. 70 71Ji GO 71 U S Food Prod .. r'5J -6M (-4 '-G U S Ind Alcohol .135)5 140 137 i 140 Un Rys Invest .. 12? 12H 12 12)5 Un Ryu Invest pf . L8 28 27'i -7i Un Retail Stores .1L0 ll.'i 10GJJ 11 Ui U S Express .... GH 2G 2d 20 U S R & I Co .. 44i U S Rubber ....123i U0 R.3K 1.5 U S ub 1st pf..Uf!f U S Sm Ref & M. 07 07 ,'i i7 07H U S Sm R & M pf. 49) U S Steel 10 H UOif 10s! 109'i U S Steel pt ....117 117 H7)f 117)f Utah Copper .... 92 92H Utah Securities . 17M 18 Va-Caro Chem .. s.5?S 85J Va-Caro Chem PM13U 113 IIlKh 5 Allla Ins. 23 VI 25 Am Htrs. .14 Vj 1010 Am S&O 12Vi 20 Am Mill. OVs 100 Am Writ Pap pf. Cu, 330 Klec Stor 01 C20Gen Asph 80 Vi' 81 T. do pref.130 130 1 IC of NA 31 31 200 Key T Co li"Vj l")Va C!)0 Lk a Cor 23 GO Leh Xnv. 08 48 Leh Vnl. r.2Vj SOMitlvnlc. 54 Vi 102 I'a II n 40 8In Salt. 82 1001'hila Co cum pf. 33 Vi 347 Phil Klcc 20 150 Phil It T ctfa ... 3-Thil Tr. 25 Heading. 825 Ton He!. 1530Ton Mjn. 40 Trades I Bk w.. 317 U G I... Low 23 Vi 34 Vi 41 OVs 05 ouyi OS r.2 C4Vi 45V1 81 Vi Net Close rhge. 34 Vi Vi 41 0V6 05 1 00. 80Va Vi 130 .. 31 . . invi Vi 23 OS 1 r.2 Vi niVj-i 45 vi.. S2 .. 35 35 20 Vi 07 Vi 87 3Vi 3Vs -'J is 20V, (17 Vi 87 3Vi 3 A !5 Vi 20 - t, 31 00 Vi 30 U'J'l 07 Vi Hi 87 .. 3 ,i-. ' rV. so 5 OOVi AMERICAN SHIP CONTINUES IN DEMAND ON LOCAL 'CHANGE Issue Furnishes Large Part of Day's Transactions Trade in Cramps Limited Tonopahs Are Active Irregular price changes marked today's session on the Philadelphia Stock Exchange. Sales were pretty well scnttrred over the list and for the most part were made in small lots. The market developed no special activity in any issue, and, with nn exception or two, changes were confined to fractions. Lake Superior led unles in the first hour, selling down to 23VJ, later re covering nnd gaining a slight fraction above yesterday's closing price. Electric Storage Battery was another issue to make n gain on moderate sales. The Asphalts were weak nnd almost neglected. American Ship nnd Commerce Corporation stock was in demand and fur nished a large part of the day's transactions. The price held at about recent' levels. Trading in Crnmps was limited. The issue started at 200, up a point, but during the session lost n half on a turnover of less than fifty shares. A. statement put out by the Cramp management during the day as to what relation it holds to the American Ship and Commerce Corporation was with out effect on the stock of either company. The Tonopahs came in for considerable attention during the after noon, but failed to net above recent tiuotntious. -.mu.i The biggest gain of the day was made in Tradesmen s National Bank war rants, which moved up 0 points on a sale of only fifteen shares. Another good - advance was made by American Writing Paper, which, at 05, was up J.. Transactions in bonds were limited nnd price changes unimportant. ( Close Net chse. OS 105 U S Stl. 100 108 100 Vi 3 West C 75 7u 7o 240 W Crn'p.200 205 205 IIONDS High Low S.Vinn T.nlro film inc 5s OS 2000 Lib Bond 4th 4 Vt s 03.00 2000 Phil Klec 1st 5s.. 05 1000 Beading , gen 4s.. 82 4000 Un Rwy Inv 5s. TfiVa 75 Vi TuVa. OS . . 1)3.00 03.00 .22 05 05 Vi 82 82 .. Netv York Bonds Sales In M0O0 2:30 MONEY-LENDING RATES NEW YORK Money on call mixed collateral opened at 0 per cent for lending nnd renewing. On all indus trial collateral the opening rate was 'I per cent. PHILADELPHIA Call 5 per cent; time, 5fnfl per cent; commer cial paper, three to six months, 5Vi fiVi per cent, and six months, 0 per cent. LONDON Money is quoted at 2 per cent. Discount rates, short bills, 3ft3Va per cent; three month bills, 3iS3rs per cent. b5 GO lOOJf 21 1'4,'j O'l 34 SO": &5 85 GO 100U 20Ji J4'n 8'J)S 108;j 132 ISO.'i 33H SO 11 l&Jf 15 39)3 11 17'3 14?. 39)i 3i 3'. 3', 3'. 4 Wall Stmt. w York 111 DeTOnhlre Ktrts-t. Boston, Cltr Mans. 1110 3IIII sis 710 41U 3IIII 2!I2 731 410 Endlcott J pf . , Erie Erlo 1st pf .... Fam Players-L Fed M & S pt Fisher Body . . Freeport Texas 14),' 3'J 34 ll5)i U7'X 115M .10-1'i 10I.U 10t4 IS 18 29),' 205 114! I'M . 29)i .114 . 42 84, . 54J3 .13 il hO 'it IS'f 14'i 39." i ilG!i lOL'i IS 29!,' 113',i 11)5 UN 3M SA'i 13U 14)s 24 23 liH ... 117?t' 118 in 6)4 87ii S7H lHi IDs Wabash Wabash pf A ... Western Md . . . . West Paclfio .... Western Pao pf . ; .vesting A B Westing E & M.. ! Western Un Tel . Wheel & Lake E. Wheel & L E pt . 21H White Motors ... 07 Wilson & Co .... P51ii Wilson & Co pf..00J Willys-Overland . 35!i Willys-Over pf... 97)3 Woolworth pf ..117 Worthlngton P .. 78 Worthing- pf A OS G.'Jf 953 i 101 -i5!i 07)3 77 Ofljf eou 18 84W 113 lHi IM 1313 23 ' iis -5'3 87)3 IDS 0-))3 '5Vi 101 S'i 97)3 7G)i 91JJ 18 85 113 UK 34) s l-. 2iJi iis -0)3 UH GO'j 053 i 101 .C)3 7C.'f 9(i!, Ex dividend American Railways pre ferred. la Gaston. Wllllanin & Wltcnior-, ,0 rrnts; Miami l'oiier 30 cents. Ntw York, Ontario and Wewtprn. 1: Ulterior Steel Cor poration rtrat i-rpferri-d $2. Superior Steel Corporation hpcoihI prefern-il, $2, Tobacco Products Corporation common, IVi. H!?h liQvr p, 250 Lib Uonds 3Vis 00.00 00.50 00.00 350 do" 1st 4s 04.30 04.20 04.3Q 08 do 2d 4s 03.(58 03.54 03.54 57 do 1st 4,s . 04.00 04.40 04.50 327 do 2d 4V4s r. 01.08 03.1)0 03.00 1358 do 3d 4Vis .. 05.10 05.00 05.10 1713 Vie Notes 4s. 00.02 00.86 00.00 205 do 4s 00.00 00.S0 09.80 Halea in 12:45 1000 Jllnh Low p. m. 12 A T and T 0s 102 102 102 3S0 Anglo-French 5s 07'i 07 07'. 11 Armour 4 Vis.. S5'3.S4 84 17 A T & S P gu 4s 70Vi IAS & R 5s.. S7V4 11 H & (lev 4 Vis 75 lP.rkl.vn Rap T 5s (10 2 City of Lyons (is OOVi 1 Cent Ou (Is.. 08 1 Cent Leather 5s 07 Vi 0C & O :v 5s... 87 Vi 11 Central Pac 1st. 7(1 '4 13 C II & Q jt 4s 0(5 5C G W 4s 5S 2 C M & St P cv 4K-s "-1 73 73 2 Chgi Rys 1st 5s. 75 75 75 12 C R I & P rf 4s 70 (! 70 10 Chile Cop ret P. 02 01 Vi 02 5 C F I gn 5s... 00 00 " 00 (1 Cons Oas cv (is. 101 101 101 10 C & E I 0s 34 34 34 10 D & R G rf 5s 00 00 00 3 Dom of Can 5s of 1031 05 05 05 7 Erie cv 4s II ...40 40 40 2 Hook Val 4Va.. 77 77 77 1 II vt M fdg 5s A 00 3 Int Met c tr 4V-s 27 2 I R T rf 5s "00. (5(5 2 Lehigh Valley (ls.101 LOCAL MINING STOCKS TONOPA1I STOCKS Hid 70 87 Vi 75 00 00 0S 07 S7Vi 70 !" 5S 70 87H 75 60 00 08 07 87 70 05 5S Jim Butler '.32 acN'amara 8a Midway 27 Mlzpnh Ext 07 Montana in Northern Star nT Rescue Kula HI West End ,. li OOI.nFlBLD STOCKS Atlanta 04 Ulue Hull 02 Ilooth 08 Dlamondfleld 1) I) 01 Daisy 01 Kewanas 03 Oro 01 Silver Pick on Spearheud 07 MISCELLANEOUS Arizona tTnlted 2(1 Nevada "Wonder 40 Tecopa Mln 00 Asked .34 .00 .20 .00 -.2'l ,0ft .21 1T4 .0(1 .03 .10 .03 .03 .04 .03 .OS .09 .30 .Ml .12 FOREIGN EXCHANGE New York, Aug. 1. The only feature in the foreign exchange market in the early dealings today was an easier tone in francs. Quotations were: Demand sterling 4.35, cables 4.30; franc checks 7.20, cables 7.27: lire checks 8.01, cables 8.50; Swiss checks 5.57, cables 5.50; guilder checks 37 , cables 37 ; pe setas (eliecks 10.10, cables 10.20; Stockholm checks 24.70, cables 24.00; Chrlstiania checks 23.60, cables 23.80; Copenhagen checks 22.10, cables 22.30; Belgium checks 7.57, cables 7.55; mark checks 0, cables 0 ; rubles were quoted at 77. In the early afternoon sterling and francs showed a better tone. Demand sterling sold up to 4.35 and cables to 4.30'i, while franc checks improved to' 7.27 and cables to 7.25. Rcichsmarks fell to n new low level of 5.57 for cables. Pesetas were quoted 10.10 for checks and 10.17 for cables. BANK CLEARINGS ' Bank clearlnirs today compared with cor respondlns day last two years: mil) mis I9t7 Phlla... J71 701. 33". t77.711.H43 .14.n7I!7ln Boston .. 02.834.040 0S.741.0S2 39,r,04,941 n. v... so 3. 31 3. n.-. 4 mo, 147 .110 nr.-i v- :n Baltimore 111,(184,314 13.400,3.12 7,023, 7RS Cotton Buyers and Sellers New York, Aug. 1. October Bur nett, Hopkinson, Kimball, Newman. Bartlett, Hymnn. S. T. Hubbard, Mont- omery, It. Hubbard, bid ; Munds, Cone, Kieffer nnd Wntkins, offered. Decem ber Bartlett, Young, Wilson, Hart corn nnd S. T. Hubnbrd, bid ; Cone, Hymnn, Slgel, Brooks nnd Pnrrott, of fered. January R. Hubbard, Newman," McKnnny, Rosenberg and Schill, bid; Kieffer, Sellar, "V. Gumocns, Rountree, McKcnna, Brooks and Wnchsman, of fered. March Russell and Sellar, bid ; R. Hubbard nnd Slgel offered. May. Parrott, bid ; Slgel, offered. BUSINESS NOTES Gabton Wm & W.35 80 U ;o .47 ig; so so -4 .11 A.'i :4.' (0'i 1 lou.'i ig; 222H i!24)j li.0,'3 22AH 9213 92U 92) c8ii S)i S3 81 81 SO 103' 102,i'102,i ;') 12'i 4-'i 4 oil 40 l'-3 13 47Ti 40 40 (4 S9)3 Gl 100)i 71!, 45) j 40 04 80)3 02) i 100' 3 53 3J iM)i:ri:xi)KNT oils Allen Oil Ronton Wyo Oil Coadrn & Co .r m w .. xl America Light & Traction Co. Common Stock Fraction Shares and Full Shares Bought Sold Quoted iMkS CownCo, tKntt S10A Land Title BIdg. Korean I C1 A lm1. Cotton quotations jump " within a half-hour the maximum fluc tuation permitted. Corn was weak. There was very little change in for eign exchnuge rates, francs receding slightly, while sterling uud other cur rencies were steady. ... in', , . . . 11 31 ... 7'i ..:a-A ::: sh 173 27 73 7'i :..: . . . . 57 32 .... n, STOCK.S l'i nt t"r . ! EXECUTIVE Totltlon wanted by well eiluraled man estwrlenrtil In bualoeas orsauUatlon of aUitrlml plant.. He l 4u jeani old. ha n' lar roneeptlon of the runrtlona of tbe Saanclal end of butlnraa. and ran art a Trreaiirer, 8crtarr or lluslnen Jlan ar with either an edabluhrd or a re MewMlbla new concern. llaa earlier ei Mftenre' br enainefrln education and IralBlnt. and bnlne eiperlenre for the jl"t loVeara. II StS. Idrer UAIee. Reserve Banks' Discount Rates Official discount rates at the twelve federal reserve banks were as follows: (The first column gives rates for all periods up to and Including a fifteen day maturity; the second for a period of sixteen to ninety days. The third and fourth columns give the rntes for rediscounts of collateral loans secured by government bonds or notes.) Com'l paper aoY',t.p.pJn 1ft to 00 i to n 15 diya 4 Boston New York . . . Philadelphia ., 1 iucnmona . . . . ! Cleveland . . Atlanta Chicago nt. Ixul . Minneapolis . Kansas City . Pallas Han Vranclscc '. fi U. S. LIBERTY BONDS $50, $100, $1000 T 8S5S.cxOM11,ro,a, KwWrf. WKJmon & Leeb Hifcnnrmo; mvacan a. a. arm. 4 4 4U 4 4 4i 4 4 K 4"i 4 4J4 V 4 63 n 4; Hi n 15 days 4 4 4' 4 4 dava 4' 4 4 41, 4 IU ' 4'.! I 4-4 4U 414 F.Ik Ilafln . Inter I'etrol Island Oil & T Olenrni-k Oil Ilnunti-n Oil Kentucky Pet Merrltt Oil Met Petrol Midwest Oil Ohio Kuel Clnur Oil & Oas Sapupla Hetlnlnff . . . . SWtuoah Sinclair Sinclair Oulf .outhet oil United Oil MIXIXIl Alaska H C M Hltf I-dea Ilutte New York IloNton Mont c F S i. Jeromo Con Arizona First National Fortuna Cons Roldllelil Cons OoldOeld Florence . . , Ooldhelil Kewanas . . Ocldftcld Mercer 4 (Jret-n Monster Hi-la Mlnlnc Howe Sound Independence l,esd . . Jerome Verde Jim Ilutler Juml-n Hxtenelon MacNamara cres McKlnley-Darrash MaKmn Copper Mother t.tde Mines Co of America.. National Tin .. Nevada Hills Nevada Wonder Ray Hercules San Toy Tnnopah Extension . . . United Verde West End Con White Caps 7 fill 11. 11W Vi 0 Vi 32 7. 7i ', ni 130 12S .J'1 un an 1, 1711? .. 20 7.i 74 no"' salt 1174 ns -1 32 Mi .. J', m General Cigar ... 1 If General Electrlo .107 General Motors Gen Motors pf . Gen Motors deb Goodrich Co ... Goodrich pt ... Granby Consol . Gt Northern pt, Gt N C for O P Greene-Can Cop. Gulf M & N Pf . Gulf States Steel. 05 Hartman Corp . . 8S Haskell & Barker. 6?i Illinois Central .100) Inspiration Cop . 04)v i5 i4.'i Imerooro Consol. 7K lit 7) Int Consol pf ... 27); Inter Agrlcul ... 30) i Inter Agrlcul pf. 5 Inter Harv new .13G!f 139 Inter Mer M .... GO Int Mer Mar pt .lliH Inter Nickel .... 30.' 1 Inter Paper 14 Jewel Tea K0JS Jewel Tea pf .... 78 Jones Bros Tea . i0 Kan City South .'2a Kan C South pf . 5l!j Kelly Sprtae Tire. 131 132 130 do rights i J ii do Pf rights ... ! Kennecott Cop . . 40 Keokuk & DesM. G' . . . Keoiune T & R. OsH j00 Keystone Tire rts. lOlf 19.' i Lack Steel -'G 8' ii Lake K & W pf.. S3!i : 3)i Leo Rub & Tire . 33 31M Lehigh Valley ... i2)i 52 LorilTard (P) Co.23o 2.7 !.' ' S3 : 81 102'i ' 71), 13 7 1 40 4') ' G4 M))j M 100 i 4.' 1 "-'Vs ft!) 404 !)7;i U!i lli)j 30 1-5)3 3G!i 78 40 22.'i 13 !, ir-., no 29. Ii3 3Gi 78 mi Hritish iron and steel mailers'' are alarmed over the coal situation, declar ing that nn unceasing rise lu the cost of production is inevitable, imperiling the country's export trade. Splendid roniiitlon.s, with purchases nt a new high record, indebtedness low and payments running high, arc re- Ilected in the monthly comparison of merchandising activities compiled by the research department of the Credit Clearing House. Traduction of men's clothing for next spring is being plauned on a basis of much higher prices than obtain in either the wholesale or retail markets nt present. Clothing men are watching the fabric markets closely in nn effort to get some ideas of what their mate rials will cost. Manufacturers of women's footwear state there will he no surplus stocks nvailable this fall because of. the great demand from retailers for inimedlnte delivery. For this reason many of the leading concerns are not obligating 1 Midvale Stl .-., 41 Marine fl 4 M & St L 4s.. 'i Mo Pac gen 4s. . 30 X Y Cbb fix 2 X Y (i K L II & P 4s 1 X Y X II & II cv r 7 X Y Tel deb lis 10 Xor I '11c 4s. . . . r x o t & m r.s r.n 1 Pierce Oil '24... 10.". 21 Penna T.s 100.S... 02'4 2 P Lorillard 2 It I & S 00 00 27 27 fiOOi (!! 101 101 80 Sft- lis'), ns-74 40 Vi 40 ."0 "!) 7 07 70 70 70 . 81 Vi .100 r 81 if. 81. no ioo " 70 70 fi!i nn 10.1 10." 2 02 7s..ll2Vi 112'.- 112 1KIV4 IKPa IK1 UNITED STATES GOVERNMENT LIBERTY LOflH SECURITIES 130 fills 117.', 29' 4'i 311", 78 o95 22 . I themselves after September 1 13' .li 4ti '46 'ibii 97 . io: t-5)j 23). 32 52 2o0)4 is 4 4?? St 11 42 .Ml 42 47 V, 4 3 i .1 n . M 4Ii .1 10 r- n IS 118 .1 A DIVIDENDS DECLARED Ths Buckeye Pl'po Line Company, quarterly of 12, payable Heptrmber 13 to stock of record August 23. ironuneniAi aiwtvr .,invii. hwoih. l-Mjuvia iku- 0. per cent. payable SaptemUr IS U stock of rtcerd AUIU a. ContlnenUl Motors corporation, of 1W per cent on the common, pa aust 15 to atotk of record Auaust 8tandar4 Oir of NjWTTork. 4 2 Kl 44 .10 A 11 SI R 18 :i2 4S 4',i 3 V. 1 IS IlONIl.S Cosden Oil (Is Cosden & Co fls... nusstan Oovt !i'i s Ilusslan Oovt H s . ..101H 103 . .inni 103 . . 411 M . . 53 .17 Loril (l'l Co pi. 112 Louis & Nash ..115 Loose-W Bis ... 72h 71 71 Liggett & Myers. 2435 233 233 Mackay Cos pf . . 01 Manhat Shirt ... 34 34 32)5 Maxwell Motor! . 6-) 55 51 Max M 1st pf ... Ml 0 7t Max M lid pf.... 4m 42)1 41'i May Dept Storesl04 102 102 Mexican Petrol .1SSJ, IM 1S8 Miami Copper .. 30)i 3 1 29)i Mldvalo Steel ... 5h i5)i 14H Minn & St L now. ;tl 2 )t 20 M St P & S S M. 04 94 94 M St P S S M pf.103 U3 113 Mo Kan & Texas. 13), 141i mi Mo Kan & Tex pf . 2)J Mo Pacific !'4 34!f 33) Montana Power . S0)i "S 77Jf National Acme .. 38H iVH 3bH Nat Biscuit ....U4 123 121 Nat Cloak & Suit. S3M 84 r-4 Nat Con & Cable. 21H - 1W 201 i Nat Enam & S . 7s!j 78'f 7S' National Lead .. t3!t H'i 8..t' Nat n of M 2d pf. U 8'.; 8), 2U)i 20 99't, 19H 86)1 233. Ml, 52 2 3)i Huslness in raw stilts is only fair, most of the buying being for the pur pose pf rilling in the broken stock's of the manufacturers. Cables from Japan reflect lower prices as well as indica tions of n recession in the demand. Demand for the lower or coarser :t n ov coi tr 4s. 00 mi r.o 2 St L & I M 4s. 70 70 79 2SALadj 4Si3 4S 48'. 21 Sou Pac cv 5s.. 100 104 104 SO Sou Ilwy 5s 01 111 111 SS StL & SF iuc 0s 40 40 40 1 Sinclair Oil 7s..l23'lL'3 12.1 !l Third Ave adj .'is 40 .'10 :) 00 V K of (5 R & I 5s of 1010.. 09.13 00.15 00.15 2 Union Put- 4s... 84 S4 84 II I' S 4s coupon.. 10(1 100'. 100 2 U S Illty & I 5s 77 77 77 10 r S Hub ct 5s. . . 07 07 117 VI It IT S Stl sf 5s.. .101 100 101 1 1'u Hy of St Ii 4s 55 55 55 5 Vestern Klec 5s. 07 07 07-71 invest Pac 1st.., 80 80 81! 10 Wilson conv Os.100 100 100 Bats 312 3 4 4 414 414 4V4 434 Callable 1932 1522 1932 1927 1932 1927 1933 1922 Dae 1947 1923 1947 1942 1947 1942 1938 1923 1928 Approjc. Yield It 'Called, or If Belling at par on Callable Data 3.55 3.75 4.61 .4.98 4.77 5.10 4.84 4.75 Approz. Yield la Maturity 3.53 3.75 4.37 4.45 4.57 4.66 4.72 4.75 4.91 $50, $100. $500 AND $1009 DENOMINATIONS FULL INFORMATION REGARDING TAX FEA'. TURES OF THE LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. 137 8. LA SALLE ST. CHICAGO 133 S. 4TH ST. PHILADELPHIA 14 WALL ST. NEW YORK MKMIJEUS OK THE NKW YOUK AND PJIII.A. STOCK EXCHANOES OOVKIlN3tENT SKQUniTIKS DErARTMKNT Tni.KI'HOXKS! Ili:i.I,, L-OMI1ARD 4S20 KKY8TONK, MAIN 28S4 GOOD INQUIRY FOR YARNS Scarcity of Some Numbers! Plenti ful Supply of Others Plenty of inquiries were reported by local cotton yarn dealers during the last week, according to the weekly re view of trade for the Philadelphia dis trict by It. !. Dun & Co. Spinners are still asking high prices nnd in many cases the buyers will not We desire to announce that Mr. Clifford B. Hawley has today become associated with us as Manager of our Stock Department , crades of wool is becoming more nnd (place their orders, expressing dissatis more insistent on the part ot tlie mills faction with the high price of goods. 71 233 I us the fine wools become scarcer and tbe . price ndvances. In some cases more ! than $2 n pound for Ohio delaines, one ' of the standard domestic grades, is ' asked. :iiH f.3 in 41 Shoe manufacturers, while deploring 1P2 ' a nrobable 'further rise lu prices for iojh ao 1 f-5H J0 U4 10J 131. footwear for next spring, argue that difficulty in securing skilled labor. l'liere appears to be a scarcity of some numbers of yarns and a plentiful sup ply of other. It is believed that prices will still continue high, nnd il is the impression of some dealers that prices will con tinue to advance. Tbe textile mills report they arc still experiencing some they nre powerlos to prevent it, -owing to' the advancing market for leather and the heavy demands for the latter from European countries. Edward B.Smith &Co , Established 1892. BANKERS Members New York and Philadelphia Stock Exchanges 1411 CHESTNUT STREET PHILADELPHIA August 1, 1910 30 Pine Street, New York GOVERNMENT Panama coupon 2s, Panama rfgistirM ranatna coupon man :. io3(i.. toss Panama rlstrd 5s. 1038. Fanama coupon 3s, IPol..... Panama reslster1 3s, 1061.. Phllllplno 4s, 11)34 Philippine 4s, 10.1.1 . , Pblllpplnt 4a lOSs ..-....,, u h tov( coupon au. Ivan.,., vu U H Oovt rlsttr4 2s. JOS0,. t V p Oovt coupon Is. 10i8.'v. SO BONDS Hid ii- IIS'I oi sH 88 88 00 00 00 i on Ask o6h nov, An i: Nevada Con Cop. N Y Air Brake N Y Central .. N Y Dock .... N Y Dock pt , N Y N II & II. N Y Ont & Wei in 7i 701$ 37U l2 H I 77K 84 7bit hlhl W son nti 60 70Jf 3j 1215 TH 00 09 :i7J. 851 22H 2Jj Norfolk Southern. 17 Nor & Western ..104H 104i 101 i 104H Nor & West Pf . . 70 f North American .62 , . ... ... North Ftclflo ... C3! (1314 U3 93 Nor SoUa'S U Q b2 . 62 8UX blU Dealers in fertilizers state that for tin- nnst few weeks business has been 38M I excellent, with orders coining in better 123 i than bad been anticipated earlier in I the season. Materials are somewhat scarce ana consequeniiy prices imvt advanced ' undtV pressure of the active demand. Business is reported mostly in laree orders. The southern states I,, are purchasing large quantities in antic 03Jj ll'itlon of the coming planting season. October I is tlie tentative uaie r for the openlug of spring lines of car pets and. rugs by tbe selling offices, The milla are busy turning out the all production sold last Bering, but will be able to deliver only -about to per cent of the ' tskeaf fr. M,- Manufacturers of men's nnd boys' clothing, ladies' waists, dresses and kindred articles have had u very sat isfactory season. In ninny instances manufacturers were unublc to fill their orders owing to the scarcity of mer chandise and scarcity of competent help. Continuing, the review goes on to say: "The leather market continues ac tive and prices firm, all grades of leather being in demand and export trade is materially increasing. Glazed kid man ufacturers report a good demand for domestic and export trade. Production is being increased as rapidly as pos sible with available supply of raw ma terial. Shoe dealers report a steady market, but some difficulty In filling or ders.owing to inability to obtain mer chandise from manufacturers.- ''Millinery dealers are making prepa rations for. the' fall opening sod an- Itieipate an active trade. ' AMERICAN SHIP and COMMERCE CORPORATION Circular on Request Chandler Bros & Co. Members New York Stock Exchange 34 Pine Street New York 1338 Chestnut Street Philadelphia . T iftyi' - AtM v i " u.-l itV-Vi M. Z.. -f 'JiP"-htki J '.ni-nSln-i 'sjy.a.i7snfrilaVlI A
Significant historical Pennsylvania newspapers