ww&&3W '? Kl if it" in - s EVENING PUBLIC LEDGER PHILADELPHIA, FRIDAY, AUGUST 8, 1919 flifi 1 8CH00L.B0NDS FOR SALE "..'. Tk6 Board of Education of the Tn- fa lp'Of P11e;groe In the County of afclto, New Jersey, will receive sealed man ior an issue or tie.suu 01 mn Pjoi-ne, Hcnool District or i'iiessru townsmp in the county ox nicm, U.tJ? These Bonds are Issued In pur- ipJimance; of the action of the legal vot- kW or, saw scnooi uisiricc .it an -- H , i.i.ut t..i.. , .ism ..rn..n Vv Ihr iiyn Itujt rfmy i, ivw. ti(fcF- -rf .Attorney General of New Jersey They K?'WUI bear date August 1, 1913. and bear Interest at the rate of 5 per cent, per k nnnum. payable hair-yeariy. "" and August 1st One Bond of $1000 win te due August i, i-. u v"? Bond of (1000 will fall due August 1 In each year thereafter up to and In cluding August 1 1935, and one pond of 500 will fall due August 1 1936 The amount necessary to be realized hv th aula nt nnnrt. Is $16,500 ITin eioal hnd interest of said Bond payable at the Sile m . County Company, Woodstown N J. tib - Vi& nnrphnEA nt these Bond It? in-Ill ho nnon.rl nt the Hlch School h Buildlnp, WoodstoM n N J . A"BUSt ts .IS. fists, nt S n clock r m r.nch blrt must bo accompanied hv a certified check on an incorporated bink or trust company for two per centum o the amount of bonds hid for parable 10 ''Board of Education. Pllesgroxe Townhlp No hid will be received for less than par and accrued nterest and the Board resercs the rlKht to reject any or all bid' Unless all bid are rejected said Bonds will he old to the bidder or bidders comphing with the terms or sali- and offering to pi not les than $16,500 and to take therefor the least amount of Boi u commencing with the first maturln a ul stited In a multiple of the smallest denominations of the Bonds. r r pivrni'T, Di-trlrt Clerk. 1 ood.tnw n, X. -T Dated Jub -i ill FINANCIAL NEWS CLOSING PHILADELPHIA AND NEW YORK PRICES STOCK TRADING IS MARKED BY ERRATIC MOVEMENTS Thousands of Shares of Various Issues Thrown Into Market. Brokers Unwilling to Judge Situation Is Trust High Points in Today's Financial News After promise of a substantial recovery from yesterday's break, prices on the New York Stock Exchaige show a decided tendency to lower quotations. Weakness developed in the local market with losses of one to four points in a number of issues. Packing issues were prominent in trade on the Curb. In the market for foreign exchange, there was improvement in sterling. The tendency in cot ton was toward higher levels. Prices moved erratically in the market for ctfrn. Bar silver is higher in New York and London. The Expansion of Business in America In order to take ad vantage of the won derful prosperity and expansion of business in this country, cor porations have found it necessary to borrow money on terms which a few years ago would have been considered prohibitive. This sit uation makes it pos sible for investors to place their funds even for long periods on a particularly remuner ative basis. Write for our recommendations. Hemphill, Noyes & Co. Uembera .Veto York Sforfc Exchange .Franklin Bank BIdg., Phila. IT TOB.K BOSTON SCRANTON NEW YORK STOCK SALES 1,-j - .. Low 3ft 30V4 on Net Clone che 40H 1 nniti "'V4 li New York, Aug 8 Movements in the stock market all through the cHy wure so erratic that those who were concerned In the trading could pns no judgment about the character of the trading or the speculative s-ltiiation. It was soon demonstrated, howecr, that the movement had reached its climax when thousand of shares of arious stocks were thrown ou the market and it wai attributed, to as groat a degree as possible, as a hear campaign. In other years Wall Street has passed through manv such market events, but no one suspected that anj one would be so reckless as to start a bear campaign at the present time. I uited States Steel indicated the entire course of the market. That leader, after adancing 2'A points to 103, was Inmnierod down to lOO'i, a new low record for this moicment. but jhc stock was steadily taken and in the late afternoon it roe again to nbowe 103 Crucible fell from 133', to 12G, rose to ?Ti and showed a net gain of f! points at the close. Reading went down to To, but recovered its loss, and similar violent decline, some of greater extent, were followed bv ndinnres on which the earh losses were more than recovered With the wide fluctuations in the stock market interest was diverted to a great extent from the trading In bonds and dealings in those securities were comparatively Miiall in volume Liberty Honds and Victor notes were steady, however, standing a good demand from in-titutions. High Adams Ex... 40H Adr Humely... RW, Adv Hum pref 004 Ajax. Rubber.. 101 i Alaska Old M.. 27, Alaska Juneau. '2b Allis-Chalm Co 30 Am Agr Chrm.l02M, 100-K 102 -f-1 Am fleet Sug. S3 SO 8214 H Am Can ... 51 48 V2 fiOy Vt Am C 4 Fj Co 1W 111 117U5 Am Bosch Mag 110 100V, 100 IV, Am Cotton Oil ii" 544 55V 2V4 Am Drug ... 11U 1(K4 11 V. ns,i 10141 274 2 4 2 24 4 37 38414 Am H & L . 35 30 Am H &. L pf. 12014 110 Am Int Corp Am Ice Sec... Am Ice Sec pf Am Linseed . Am Loco . . Am Mnlt . . . 00M 52 08 4 75 84 5S 054 404 07 33 4- U 110 24 OS 1 40414 07424 75 14 S2A24 574- 4 70 4374 4 100 .. 804 50 Am Smelting.. 7S 74 Am nans .noio -to '4 i.i"4 Am Smelt pr..l00 100 Am Sum Tob.. 004 01 Am Sum Tb pr 0S4 084 0S4 Am Steel Fdry 304 304 33V4 4 Am Sugar 128 1274 127414 Am Tel i Tel 103 1024 1024 4 Am Tobacco 230 220 220 8 Am Tob pr nw 100 100 100 Am Wool ..112 IO04IIO43 Am Wool pr 1004 1004 100'A Am Wrt Pap pr 01 Am Zinc & Ld 24 As Dry Goods. 55 As Realization. 24 Am 7. & L pf 5S Anaconda . . 07Vt Asso Oil 87 Vj Atchison . . . . 01 5S 21 534 O 5714 651'., S7-v, SS 014 00 2 2341 54 "4 1 S7 24 00 05 .. 724 2 V. Investment Suggestions We hae Just prepared listing 73 attractive bond circular ofterlnBi. V N A tn r - IH .Including -w m H 1 fend or a compltmmtarj copu H this circular, Xo L0. lA. B. Leach & Co., Inc. j . 115 South Fourth Street r 1 I 25 Municipals 10 Railroads 15 Public Utilities 6 Industrials 1 1 Foreign 1 1 Short Term IN 1LLST. THE Huge Waves of Alternate Buy ing and Selling in Fre quent Conflict IN OUTSIDE IRKET Stock sales today on the New York Kxchange, as compiled by the Evening Sun, totaled 2,138,300 shares. New York, Aug S The New York Kvening Sun's financial reiew this aft ernoon K as follows. The early session of today's stock market gave promise of substantial re coverv from yesterday's violent break The industrial shares, in particular, made n brave showing and advanced several points above the previous clos ing level, while the rails were disposed to weakness from the beginning The rather urgent demand for more margin, which the situation called for. undermined the list at the end of the first hour, and a highly mixed move ment ensued, created by huge waves of alternate billing and selling, which were in frequent (onflict. Declines ran sev eial points indeed, ns much as 5 and 15 points from the high quotations of the first forward surge. Iu several casch The rats, maturity price ind yitM 1 rallies enrried the level approximately Many Issues Show Because of Forced Liquida tion Oils Irregular I Atl Coast Line 0" I Ail Gulf iWI 154-74 1454 152 1 lAtlO&WIpf 744 744 74414 I Baldwin Loco 1054 004 103414 n.ilto & Ohio 42 414 42 , lialto & Ohiopf 53 53 53 . . ' Barrett Co. . 1174 112 11474 3A iBntopilas Min.134 134 134 .. 'Bethlehem Stl.. 83 82 82 3 Beth Steel .. SO 82 85424 Beth Stl Spo pf 112V, 112', 1121', 1 Hlrh Mo Pflc- pref. . . 51 Mont Tower . . 72 Nat Acme .... 37 Not Con & Cn? lf(4 Nat Biscuit ..1 120 Nat Clk & Suit 70 Nat Enam&Stp 744 Nat Lead . . ... , 70 Ncv Con Cop.., 10 N Or T & M. 34 New York Cent 73 N Y Dock 55 N Y Dock pref 054 N Y N I! & H 32 N Y Ont & W 20 Norf & West. 100 North Amer 5S4 North Tac . . . 8S Nova Scotia Stl 75 Okln V & It , 104 Ohio Gas .... 504 Ontario Silver. 7 Ow ens Bot ... 55 Pac G & Elec 004 Pacific Mail ... 38 38 38 4 Pac Tel & Tel 33 Pan-Amer Pet.1054 Penna R It . . . 43 Peoria . East. 14 Poo Gas & C... 45 Pere Marquette 184 Pcre Mar pr p f 02 Pen Scab StL. 42 Phila Co ... Pitts i West PierceArrow . Pierce Oil Pitts Coal ... 5714 154 , Punta Aleg Sug 004 074 4 "wra mi -ar HiVi iressu nt ( pt. liL' Pullman Pal C. 12074 1124 1174 3U. It.v Steel Spg SO 84 80 " Ray Con Cop. 244 234 244 4 Heading 784 74 77 .v, Rep I & S S04 83 80 1 ncp 1 a; n pt.iti.iv4 mo 103 Net Low Closs chge. 484 484274 70 72424 30 37 1 17 174-1 120 120 .. 704 70 i 7441 784 18- 3-1 4 72-i 4 53.. 03 2 314 20 00 24 584 4 seH14 72 14 04 4 r.1414 04 4 S34 1 C04 14 30 33 U. 52"4 20V, 004 18 34 71 50 03 304 20 OS 584 84 70 7 504 04 54 004 38 33 as 24 004 1044 24 434 434 4 1442 44 4 17-74 -74 02 1 41 14 30 - 3274 4 514 4 203& 14 08 G64 834 4 102 144 424 14 02 30 344 32 50 20 0?4 044 814 102 Weakness ! "fn ""J! u' -' im,vii i 1 r cii .: Booth Fi-h Co 20 Burns Bros .. .137 Butte Cop & Zinc Co . 13 S Butterick Co . 324 New York. Aug 8 The market onjputte & Sup C 214 the Broad street curb moved in unison , Calumet & Ari 75 with the trading on the stock exchange, i Cal Petroleum 42 manv issues showing pronounced weak-1 l''" pf S0a4 , , ... .... . .'Cal Pack Co.. 08 ness because of forced liquidation, but , an Pacific. .1504 there were frequent rallies' from low Certain-teed Pr 42 levels and after declines buying came Cent Leather . .100 in on a fairh large calc. j Cfrro de Paoo 52 ., , . , , . Chi Pneu K . . . 75 The packing stocks were prominent, 'chandler Mot. 20 Indian Packing falling from 304 to ches & Ohio. . 504 37; Allied Packers from 58 to 50; Swift Chi (It West . U International from 55 to 54 and I.ibby, 1 "," r,t " l,rpf I or these bonda are Indicated ae well I afl their tax-exempt reatures Many I of the bonds are legal lnvestmenti I tor saMngs l3anka and Trust Fundi 0 I? L 11? We Specialize in Phillips Petroleum Co. COM. & PFD. STOCKS Dealt in on the N. Y. Curb Data on request Gwynne Bros. ts nnon st.. new ohk to the Thursday level and sometimes above, but there was no stability Trad ing was feverish in its netiwty, and the turnover exceeded 2,000,000 shares for the first time since earlv in July The impulse behind this highly erratic and confusing movement was plainly a desire on the part of longs and shorts alike to adjust accounts as far as pos sible against the approaching week end Buwng initiative had the upper hand at the outset only because of sat isfaction at the President's attitude in directing Director Genernl Hines to ne gotiate with the disgruntled railroad S" nm5lf" .. : employes, coupled with the demand Am'r Marconi that the striking shopmen return to Canadlac'a0" Co work This was backed by the union 1 Can Car i Fd pref representatives who stated that the de- cafen Too maud was being met with. Chaineri Motirs '. .. .-Nevprwieu-a, me uuuuuiuuK mcior in the market situation was uncertainty as to what Mr. Wilson would sav in his address to Congress this afternoon on the subject of the high cost of living. Wnll street has no inkling of it, of course, despite rumors evidently cir culated for a purpose and in direct vio lation of the stock exchange ruling against that practice, but it would sur prise nobodv if the recommendations should be diastic with respect to food control and its accompaniments. This sentiment is based on the McNeill 5. I.ibhy from 25 to 23. The tire stocks were also weak, Sa vold opening at 01 and falling to 55 New York Savold was traded in at 50 to 48 Tobacco Products Exports dropped from 37 to 32, from which it rallied to 35 United Retail, rights, weie traded in at IS to 104. Retail Candy bold at 28 to 27 American Ship and Com merce, after falling from 444 to 42, rallied to 434 Oil stocks were irregular, Simms Pe troleum being firm, with sales at 32 to 31-1, Sinclair Consolidated dropped from 534 to 50 and Sinclair Gulf sold nt 524 to 51 Houston Oil declined from 1104 to 112 Submarine Boat continued under pressure, falling from 10 to 154. Aetna wqs steadv with "ales nt 0" to 00. Austin Nichols, new stock, was traded in at 37 to 341., and the preferred sold at 100 to OS North American Pulp ranged from 4 to 44. INIH'STRIAT.8 '-1. 00 10 135 12 "-4 31 2374 75 3S4 SO 05 U. 1534 124 0274 50 74 220 54 04 244 38 01 's 01 !) 227s 5S4 08 4 224 42' . .80 434 504 47 07 81 Roy Dutch NY 804 84 Pond Creek .. 184 18 Remington T.vp 72 714 Republic Motor 4S4 4S Savage Arms . 73 73 Saxon Motors . 2(1 22 20V, V. 1 oc ' 1!4 17 22 4 St L & S F ph 28 28 Joy, 1' 1 St L Southwest 17 17 13-, o 'St L S W pf. 30 30 I Seabrd Air Line 04 0 1314 RL "uuniil'l.. l"74 'Ul 804 4 18 4 71424 48 -37l 73 4 21424 18 2 2S-14 17 2 30 3 4 17-1. l WEAKNESS FOLLOWS GOOD START ON LOCAL EXCHANGE - t Losses of One to Four Points Made in Many Issues American Ship Only Notable Exception Stocks became weak on the local exchange today after making a start that promised some substantial recoveries from yesterday's extreme dullness. The reversal, which came about noon, was succeeded by Irregular recoveries, but the trend of the market was downward and before tlity close losses of from 1 to 4 points were made in many Issues. American Ship nnd Commerce Corporation was a notable exception to the general weakness of the list. -The issue became active .early In the session, selling up to 44 on n fairly large turnover, a gain of 14 points and a new high record. Later In the session n further advance of a quarter was made. Philadelphia Electric was another favorite and made up the bulk of the trading, but there was a plentiful supply of this issue to be found and the price cased off to 254. at which price some 2500 shares were sold. Lake Superior came In for a fair amount of attention, opening at 22, off a half, and during the day fell even lower. The income 5 per cent bonds of the corporation fared better and were up fractionally on sales running into the thousands. Brill, Electric Storage, the Asphalts, Keystone Telephone and Philadelphia Company cumulative preferred were all weak and were marked back substan tial figures. The rails were lower. Reading and Lehigh Valley dropped more than a point on small sales. The bond section of the exchange showed a slightly better tone than stocks, although sales were small nnd price chnnges unimportant. Philadelphia Stocks Net chge Close 23U 324 4 437414 53 -24 5042 324 4 87 1 4 14 1 31V,i:T Sears-Roebuck 20274 2027t 20274374 044 4 St Joseph Ld.. 15 15 154 7- i Shatt Ariz ... 17 154 17 4 4141 50 .. CC, vti 14 150 4 424-2 flOH iy 51 2 74 2 230 1 541414 04 4 214- 4 404.. (-3 4 f2 4 ii,2y, 23 50 14 00 1 231, 4- 5i 43 -80 .. I S-S Stl & Iron 01 Oil 434 57' 47 1 f 4 8674- 70742-74 104 lii 135 04 101 . I 201 8 ' 32414 771.. 4 105 84 4 Jil EXECUTIVE Man of 40, just returned from France, where he served as Division Disbursing officer, A. E F., wants position as treas urer or office manager, good sized corporation or firm; valu able experience in executive ac counting; at present with large trust company; will make six months' trial at $6000 per year. C 310, Ledger Office. Canadian Nor, Rtrr, Coll. Trnt 61. to-2 Irfhlsh Valley II. It. 4. 2003 ' I0" Republic ltwr. i. I.t. 6a, 10:0 rarkard .iioior riu. rr. 1 ommn Qr is nased on the In stinctive feeling that only something drastic will meet the crisis confronting the country In short, the labor ele ments must be appeased if a worse fate 1 than the sacrifice of a portion of in dustrial nnd business profits is to be avoided. I Thus those long of stock sought to re duce their commitments thrniieh fenr of what might happen over Sunday rQr,J. ?'pe o N J ONT Curtlss Aeroplme Emerson Phonograph Hall Signal Hupp Motors Inter Products Inter Rubber . . . I.alie Torp Bost I.lbbj .MCV & IJbby Limn. Loro Martin Parry . Maxim Munitions N" V Shlpbulldlne . . N" A Paper Pulp ... Otis Elevator Peerless Motor Perfection T & It . . PhlllD Morris Poole Knir RavnM N T SavoM Ohio Srripp-nonth .... Standard Motors Submirlne Swift Int . .. Tod.1 Shipbuilding . Triangle Film . United Motors I'nlted Profit Sharing f S Steamship World nim Wright-Martin Air Bid ' o4 so 31 Oil 110 5 8b 25D 10 . B . 7 12Vj . 4-i . IS Tea close Aked (sale) Illinois tinio and for the same reason the shorts many of them, felt it wiser to curtail, the attitude of both sides displajing 1 want of confidence unmistakably. Steel I sank nearly to par, after selling above 1 102. It later touched 103 and again dropped back to 101. This svva.ving back and forth broadly was typical of the entire list, although the rails were far more consistently . so . 2t MA 4 40 m 12M, 30 . 44 . 20 30 ,v S4 140 . 1 47 2S . 2. S 41 STANDARD OILS 1S2 3sn 2S0 2M 71S 3H1 10 n 51 45 100 lis 8 o, 300 IB fiu, V U1 47 194 3 27 SI 304 4 57 no4'; 4J l'i 13 SO 11 31 .10 n 114 17 144 14 .11 & 4, 54 17 310 200 300 720 1'IS OK '11 12'. 47 4 20 30, .11 44 H 114 l-.v. 31, 24 vily Rw: Columbia orapnopnone com, & Pfj. quarter ranging , Lotnit 8104 ton J Till BIJg. Kara Jfew York Ttl. Connection. Banover 5161 U.S. LIBERTY BONDS $50, $100, $1000 !iy&?P.JK-rMIMENDED rger, Henderson & Loeb 1410 CHESTNUT 8TBKJST Tt. x. ana rnua. stack Exchange M", $50 $100 J UBERTY BONDS tn IHJDGUT AND BOLD pfe& Henry FIFTH STREET soft, losses in that fr 'in 2 to n points. In the afternoon a constructive move ment gained the ascendency under the leadership of the steels and kindred is sues. Much was- expected from the steel report ou unfilled orders, out to morrow. Trading iu war bonds was animated.. The money market presented little INTJF.rKNTlENT On.S Allen Oil . 2 Iloston Wjo Oil . 11 ("oeden t Co 10 Hlk Pssln X Inter Petrol 2(14 Island Oil T . B4 fllenrook Oil 44 Houston Oil .110 Wrrltt Oil 204 .. I Midwest Oil ln2 nio r uei .'- Omar Oil 4 Oaa 7n Pres.man Tlra 11 Sapulpa Ref 7 Sequeyah 4 Sinclair SO Sinclair Gulf 504 Southwest Oil .. . 21 I'mteti Oil . 14 MININO STOCKS Alaska n C M .1 Big Iedge 4 Butte New York .... 4 Boston Montana . . 80 C F S & Jerome 4 ron ArU l'i is im, 84 274 4 R 120 21 24 W7 20 73 im 74 4 11 51 20 I "4 730 l. 104 SV 2' 4 I-.'. 14 llH'i 'Ik 34 4 14" 524 27 $' Chi M & St P. 41 C M & St P pf (H4 I Chi & Northw. 02v8 ,C!ii & E 111 .. IU. Chi RliPtc 24V. cuiipo p cpf my, CHil V Tpcpf 71 14 Chile Cop 2.?i. Cln'no Con Cop 44 " Cluett Peabod SO Col F & I ...43 V4 Col ( & E... ,-,S Comp Tab 4S I'onsol (Jas . . OS Cont Can fl ,Curu Prod SOi, 72 Con Int Cal . . 10 177s Crucible Stl . 13." 120L, l Cruc Stl pref 101 101 Cuba Am Sugr.201 201 Cubi Can Sug 3214 3(1 Cuba Cn Sug pf 7S 771'. Io i Hud. .10.- 104 Denver & It G ST's S Den &. It C, p l.-Aj 13 i,-, iit Dome Mines .. 134 12V, 13', "t 'Contin Candy . 14 Vj VJ 131,-f Hmli Johnson .107ns 0(1 10." 0 Kmh John pf ,103V2 1031, imVn-f -' i:ik Horn Fuel 30 34 S.T-f Hmerson Brant 20 2Si,(i 2Si 7;, I-rie lf, i.-ij I Erie 1st pref . 2.vV, 24V. I Erie 2d pref . lfi-- lRJi" I Kiher Hotly . 81 72 IVher Body pf.100 100 Fed M & S pf 37 37 Tfliii Plnyers .102', 100i Freeport Tex.. 51fc 4lK;s Gaston Wil . . 31 io 301.S, Gen Cigar Co. S3-14 T81. Gen Elec Co .101s 100 Gen Motors .lO'H 213 Gen Moto pf. 00i, 00 00V:.. Goodrich B F. 77-V, 75 7(1 -f a. Good B F pf.102 102 102 .. Granbv Minipg. OS as OS 2 (it North pf... S0 S4 R."V 7 tit or tJrc sub -iyA 4()A 42, a tiieene-l'nn t'p 41i'4 41 42 , Gulf Mob & N 10 10 10 .. " Gulf M & X pf 30 30 30 .. Gen Motors deb S7 80 87 . . Gulf States Stl ."Oi'j .181, ,-,nu, li, . Mask & Bark r74 53 " .10, T I Illinois Central 0." 0." 0."i .. Int Agricul.. 28 2fii, 2S -f n, Int Agricul pf 83V, 81 S3 IV. Inspiration Cop 007 GS OOiJ i,, ilnterbor-C Cp 7 0 fii, , I Inter-C C pf . 21V, 20V. 21V. i," Int HC (new).132Vs 130 " 132" li,i Int Mer M... ."OM 51V. ."vltiJ-lii Siucla So Pac . . . . , So It n ... So It It pref I Strom Carb Studebakei ")4 00 2.V4 SO 00 50 m 23 00 ll't ..104 100 61 1 54VJ-T-2Vi 05 24 1 00 3 "Vj-f-"1! 1022 htuilebaker. pf.101 101 101 -fl Stutz Motor ..100V4 104 10S 3 Sup Steel 41 40 417, 1 Ten C k C .. 13y, 13 13 Texas & Pac. 50 43V4 4(1 '. Texim Co ...253 245 25221t Tob Prod .' 102 0714 101 4-2 Transue-Will . 50 High Low 20 Alii Ins.. 2314 23H 100 Am Strs. 33 32 2500 Am Ship & Com 4414 43 00 Brill J G 53 53 200 Cerro de Pasco.. 50 Vs 50V, 110 Am Strs. 33 '32V. 765 Elec Stor 88 85 10 Ocn Asp. 77 77 COOen A pref 110 110 1104 214 urn int Mck 2(H 2(1 i i;(iyj ys 0(1 Key Tele 14 V- 14 3510 Lake Sup Corp... 22 184 Leh Xav. 0SV, 380 Eeli Val. 40 lOMidvalc.. 50 1000 Mo Pac. 20V. 1333 Penn RIl 44 100 Pa Whse 33V, 15 Phila Co.. 30V, 344 P C cm p 34 V" 4074 Phil Elec 25 15 Phila B T 25 278 P B T tr ctfs 25 V. 800 Beading 7S4 500 Ton Bel 3 K, 125 Ton Min 3 5 T'n Tine. 3SV, 100 T' C, I... 60 1S10 V S Stl. .103 1500 Wheel & I- E pf. 18 18 18.. Stocks ID. 071 shares compared with 11 Olio shires sold estedas, thus far this week 73 400 shares, same period last week 17 700 noxns Net Hl?h I.ow Close rhse .S2000 Am Gas 21 2214 14 OS CS . . 48 4S 1 50 ."0 20 V, 20 V 1 4314 431" V, 33 33V".. 30 30 2 .'14 34 2.". 2") - 25 25 2514 25 y, 7014, 70141 3'4 314 21J 3 .. 381', 3SU... 087, 087 14 00 103 214 Local Bid and Asked Testerdav Did Ask American Stores Am Ship A. Com Baldwin Buffalo &. Susq do preferred Prill. J O Cramp t c Electric Storape General Asphalt do preferred Kevstone Tele do preferred Lake Sup Corp . Lehigh Navlsratfcn Lehigh Inllrv Lehlah Vnllev Tr do preferred Penna H R Phila Klectrlc do 1 p c pref do c, p c pref Phila n T t c Reading . Tonnpah Belmont Tonorah Minins Union Traction u r 1 U S Sted York P.il'n i e do prrferr d "Salary $7,500; Income $10,000" T A here were many hundreds of income tax reports that read some thing like this. Do you know why? "Labor earns money Investing multiplies it" If the Stock market is strange ground to you if you have known stocks which might go up (or pay greater dividends) but did not know how to make money by your knowledge, call, 'phone or write at once for our free booklet, "The General Rules for Trading." Ask for No. T. U.-605 JONES & BAKER SECURITIES Wfdcner BIdg., Philadelphia rhones Bell, Walnut ,6065 Keystone, Race 229$ New York Detroit Pittsburgh Chicago Afreet Private Wires Uostoa Today Did Ask 324 31 3T 34 414 44 424 43 lOfi'i 104 1O0V4 1H1", 70 72 70 72 S .'3 JS2 .13 53 33 IDS 202 1B1 20.' SO'i 87 R7 ' 874 7 71) 79 80 117 122 14 11 144 IS S7 . 574 ' 22H 224 2 ns ns4 "' no i m 48'i 4S, 4DH .Ml 14 17 14 17 2(1 28 211 2Sl - LOCAL MINING STOCKS TONOPAH STOCKS Jim Tlutler MnrNamara Mldiv Mlzpah Ext Montina North S-tir Riscuo Kula West nnd Tlld 11 7cl fnion Par ...124 Union I'ac pf. 70 I'ni Alloy Stl. 32 I I'ni Cigar Strs. 107 . T'nitpd Drue ..l.iO 8 T-! t. ,.." , -. j v "i lj iL pi . Oi - Vn Dr 2d pf..ir,0 0 .-)2 107 150 51 150 t S Food Pro. SI 70U SOV.4-1-1: .'.?'rnitod Fruit .17SV. 1T.1V. 177 a.9 . T-t T.. T .. (nil mm n.i rt. in ii iu. u. -H --14. --u -V. 55 Vi 50 2 A 110 122V4 1- 70 50 100 145 51 150 70 17314 1 3 5 1 I'SPIP & Fo. 33 Vj 32 34j 'A rscip&p pf.. os govj os 2Vj l' S Express.. 20 20 2(! I" S Ind AU.-0..133 128 132 1 I'ni Uctail StrslOSH 104 lOOlj-f- U H Healty 42V- 40V4 42'-. U S Rubber... 12$i 2 n,s 1253 U S Sm & Kef 07', 04V- 05 .. U S Steel... .103'4 100V4 103 -flVj V S Steel prof. H514 115 115 Utah Copper... 80 82 85 Vi Utah See Corp. 10 15Vj 10- Va-Car Cheni.. 82 70 82 Va-Car Cli pf.113 113 113 Va Ir O & ('.. 00 00 GO 1 Wabash 0 0 0.. Wabash pf A.. 30 Vj 30 304 V, Wabash pf H 21 85 00Vj ftS C01A 157, 14 25 1 181, 1 if, M 0 10(1 .. 37 -3 101i4.Ti4 4SI..11,, West Maryland 12 West Pae pf . . . 54 West I'nion Tel 80 Wcstins Air H.114 Wcstins .Mfg.. 53 Wheel & I. E.. OH I Wheel &L E pf 1SK. White -Motors.. 00 21 11 54 80 11X 1 Willys-Overl'd. 31 oiTou, Willys-Over pf 95 Qni ir mm. ' 1.; Wilson Co "" ri l 2 1 H--.-.1. T 2H 2 1 Worth P & M. S3i, GS 04 4 4 -I 1 Y2 11 Vj Vi 54 IVj SO 2 113V6 113 Vj i 50 52 1 0H H 18Vj 1 58 . . 32 05 80 08 & El 5s 85 85 2000Cit.4s'30 00 00 1000 El i. Peo Tr 4s... OS 08 27000 Lake Rnp ine 5s.. 00U, Tj0 $50 Mb T.ond 3d 44s 94 00 94.00 94.00- 2000 4th 4Vis 03.44 03.44 03. 5000 Pn It II on 4s 05 U 95 054.. 1000 Pa & Md Stl 0s .100 100 100.. 4400 Phil Elec 1st 5s.. 00 U 95 05 0000 Span-Am Iron Os.100 100 100 BondB. J50.45O compared with $27 700 sesterda thus far this nk, J217.75U, same period last week, $11(1,000 n" . . 11 . 07 . . . 19 14 OOI.DFIRI.D STOCKS Atlaiitl .' . . 04" Klue Hull rtooth . . . . niamr 11 11 rily . . . . Kownnas . . I.on Star .. I.. -lUi-r 1'rk SpeirhTd MIPCEI.INKOL'S rlrnnfl Tnltod Ne W tier . . . . , Tccopi Mln .... M OJ 07 01 01 01 07 Ak 31 7 21 (18 20 OS 1 l IH 01 .03 .011 02 02 01 00 OS .09 21 .40 0!) New York Metal Market I New ork. Awr 8 Copper Spot nnd Au "Ut offered 21 4 c September offered 22e 1 October offered 22li c No ember offered 224 c January offered 211! c The market was wenV Lead Spot end August. 5 40(? I 1 H0c September. ." 10f1 75c. Nncmber. 5 7niff(ic r"cemher .1 7'iftflc The mar ket ns eisv Speller. St Ixiuls Spot and August. ftf Sic September 7 10ffT7 40c, October 7 127 t"c Nocmber 7 l"'ff7 10c, December 7 174 iff 7 7"c Mirket weak BANK CLEARINGS Hank clearings loony compared with cor responding day last two e.ra 1919 1018 , 1917 Thlla . $09 242 091 $(10,712 1(11 $10 109701 Iloston 80.189. 33B 419.11.171 47,24o',23l CHICAGO BUTTER AND EGGS 1 ..rffj?0' .Aus " BUTTEn Receipts. ?i!?4tt? Flrm j51";"", !i1'34c . firsts 49UTf124c! seconds. 4RW49c EGGS Receipts 7989 cases Firm Firsts 42W41c. ordlnarv firsts. 3S4 394e. miscellaneous 31424c. 8 18 57 30 05 70 00 y Large Gold Shipments to Orient , New York, Aug. 8. Iar;e jrold ship- I ments liav been made within the lnsf! few das. An ncRregate of 58.500,000 in Rold has gone out fiom Snn Frau eisco. Of this, .$0,000,000 ias destined for Japan, and $2,500,000 for China. I 2 . There has also been shipped from the 2 Stocks. 2.01.Y?OO Rh,r.. 1 8.12,100 shares sold yesterday. Thus this week. 8 817 8"io shares, same period 14&1 wcck, o.oiu.1.4 snares compared with ra same port silver aggregating $330,000 for China m SELF-CLEANING Rocking Grate VALLEY IRON WORKS COMMERCIAL TRUST BLDG. NEW YORK SHIPBUILDING CORPORATION fias tn3y work, gond wagei &n4 rcrllent worklns conditions. Thtr r npnlTittfi in nrly alt branohta for skilled mfctinnlc. Apply Employment Department at the Yarcb Camden, N. J. XOfflJoTisi-eTrv-iisSa 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. Yielding from 4 275 to 5.40 Send lor Offering Sheet rE-23 The National City Company Correspondent COtee in SS Cities Philadelphia 1421 Cheetnot St. Atlantic City Cbalfonte Block 1225 Boardwalk 'I Z s anBamMmmammmummmmaammmmt- r in Blower EquipmiU, Heating, Ventilatioo ai Exbanit Srlcmit Skeet-Metal Work, Safety Guardi. C. H. RAUB Wayn Are. & Berkley St . Philir!eIotii. Pa. COMMERCIAL STEEL PRODUCTS CO. Holts. Snlkes. etc.. Wire Cloth. WMw nnd Poor Screen Cloth. Wire Work. Win dow flunrda, rnrtltlon nnd Rnllln. AH products of Iron and Steel Pennsylvania BIdg. spSScTon VULCANITE Portland Cement Philadelphia New York Boston HIGH QtiALITY QUICK SERTICS Motor Truck DeliTery Lansdale Foundry Co. l.a.idj!e. ra. I'hona Lnnsu-ile m Ex dividends Am Iladlator pf. 1 per rem. uontinentai j'aper Jiiig- com, 1 per i ie. .1, vuuiiiiniini i uprr f.uii ,i.. ATI r cent, Continental Motorn Corp com. IVi per 1 cent. International Harvester. IK per cent: International Ilaeeter pf, IS Pr cent:' I I.lt Ilrotbera, -.'4 per cent. Philadelphia Cc pf IM per cent Int M JI pref. 113V, jri!)!, 111 t; i.1'4 70 2.-.-", 36 31 V2 7014 no .-0 new feature. Six npr ront cnntinneH tn Virt Katinnal be bid for time funds and 7 per cent I SSSJa Cc5J!. -. ".:. 18 asked, but it did not appear that any I ooldfleid riorence ... so IPlIltltiniJ JrnHM"a v material volume of business was trans acted. Call loans renewed nt r, nnH 5V& per cent and held here through i Honi sound. tne prettier pan ot tne clay. Save for lire and Belgian francs, the principal European exchanges did better than yesterday. Sterling im proved fractionally, while francs ran up 3 centimes to 7.78 francs to the dollar after duplicating the low figure of Thursday. There was an 11 -point drop in lire to 0.01 ilire to the dollar. Kroner sagged off some 10 points. The same influences at work In the stock market were in evidence in the grain and cotton markets, although the fetter dtlte some une,tt!ement, had higher tefHtoeer, Roldfleld Merrer Oreen Mon.ter Hecla Mlnlnc Independence Lead Jerome Verde Jim Butler Jumbo Extension MacXamara Crea MrKlnley-Darraah . . Masma Copper Mlnei Co of Amer. . National Tin .. . Nevada !!!!! Nevada Wonder . . Nlplaalnr Il-iy Herculea Ran Toy . Tonopali Kxtenilon United Verde . , West End Con White Caps .,,.,, 4 10 3d sn 3 3 '5 81 w n B o 12 37 A4 43 in 2 II o in RS 2H :ta T ,1 !...- ni imerii i aper. u , Int r pref sta. 7(1 Int Nickel 27j Jones Tea 37'i Jewel Ten 31 if. Jewel Ten pr. 70V, Kelly Sp rts . . vs KeKey Wheel. 00 Kan Cv So pf. ,-)0Vi Kelly-Rpring .1'S7S 121 j Kelly. Spr pf . 0.1 0.1 Kenneeott Top 3" 3."(U, I Keyser Co ... 120 120 " Kev Tire & II 87 70 I.nrk Steel . . 70 77 I Lake Erie & W 0 0i J.eh Valley ... 48 48 Lee Hub & T. 30V 20U. Uk & M Tob.250H 24.T " Ii fc M Tob pf.114 114 i-v iiis Co.. n.- 00 Ij-w n 1st pf.ioo ioo Lorillnrd V ..232 224 Louisv & N..113 112 Coaden Oil Be rnden tl CO Ba fiAaalenjOoyt 5H, JO W BONDS 161 -,.,.,iyi l t trv 1A3 101 40 Si Manhat TA ... 80 Manhat Shirt . 31 Max Motor 4Sy. Max Mot 1st pf 74 Max Mot 2d pf SB May Dept Strs 00 Mex Tetrol ,., 75 Miami Con Cop 27T4 Mldvole Steel , r,Vt. M & St h new lOVfi fo K & Tex 1VA SO 30 43 V, 71 '4 33 i." 08 20 1 Vi MONEY-LEWDING RATES j NEW YORK Money on call, mixed I collateral, opened ntfi per cent; high 5; low f; last 5 j closed 5; ruling 4 per cent. Industrials opened nt f per ent ; high 5 ; low fi ; last 5 ; closed 0 ; ruling rate 5 per cent. j In the time -money market business an very quiet today and bids were re- duced. This was due to the enormous j liquidation that has taken place in the f-oi'iirity markets. As against the urgent demands for time money recent 1 at 7 per cent and ripward on indus trials, bids were 7 per cent ai nil in dustrials nnd 0 per cent on "hnlf-and- I half" for all maturities from thirty i das to six months. I'rime bank acceptances are quiet at I unchanged prices. PHILADELPHIA Call,' 5 per cent; time, OCIO per cent; commer cial paper, three to six months, 6 0 per cent, and six months 0 per cent. 4R ii- LONDON Money is quoted nt 2 nv v P" cent- Discount rotes, short bills, -ni?T 3f l,? 7-lfl3 per cent; three-month iVj T ?? bul3' 3 0-10(33 per cent. 14 l , irj 8 100 .. 232 3 1121 80 .. 30 it 40 i 72 rM Hi 70 1 i 20- rv; 37 i , 31 1 " 701, n - 00 . . ."0 2 127 li4 or. . . 30 1 120 .. 80 4VS 70 v ;. I Mo K, 4;Tex pf 18 8j?B 1 FOREIGN EXCHANGE I New York, Aug. 8. Thi foreign ex change market, in the early dealingci to day, was easier on a moderate volume of business. j 1 Quotations were: uemand sterling aj 4.31, cables -J-aj'j. irancs caDies 34V4 7-78. checks 7.80; lire cables 8.07, 05 1 checks cWHI; Swiss cables B.C2, checks 7S 23i o.(H; guilder caDies .Krt, cnecw aii j 20 1 pesetas cables 18.08, checks 18.02; Stockholm cables 24.80, checks 24.60; Christian! fables 23,70, checks 23,50 ( Copenhagen cableu 21.1)0, checks 21.70; Wlijla liu e nox 15- 14 13 1 i5 2 27 - Needham Tire Company 7 Cumulative and Convertible Preferred Stock Free From U. S. Normal Income Tax Redeemable at 120 Owns large plant at Needham and Dover, Mass. ADDITIONS WHICff WILL BE COMPLETED ABOUT SEPT. 1ST WILL INCREASE CAPACITY 300. Demand for Needham Tires far greater than present capacity. DIVIDENDS PAID ON OUTSTANDING PRE FERRED STOCK SINCE INCORPORATION, 1914. COMPANY NOW EARNING AT RATE 12 ON COMMON STOCK. PREFERRED CAN BE CONVERTED INTO COM MON ON EXCEPTIONALLY ATTRACTIVE BASIS. PRICE 9K-To Yield 7.75 Send for detailed circular. FAIRMAN & COMPANY BURGESS, LANG & CO. Drexel BIdg., Philada. Bankers Ettabtithed 1902 Sears BIdg;,, Boston En f ill. UNITED STATES GOVERNMENT LIBERTY AND VICTORY LOAN BONDS We buy nnd sell Liberty Loan and Victory Loan Bonda on commission at current market prices. Denominations $50, $100, $500, $1000 Edward B.Smith &Co Established 1802. BANKERS Member New York and Philadelphia Stock Exchangee 1411 Chestnut Street- FimjuyEmiiA 80 FINE SttHWIV ., , WEW.YqjHC, , frnmflnmm;w' O. W. KETCHAM Manufacturer of Architectural Terra Cotta, Bricks Hollow Tile, Etc. Chas. J. Webb & Co. Wool and Cotton Yarns 116 Chestnut St., Philadelphia, Pa. NAGLE STEEL COMPANY STEEL PLATES AND SHEETS Pottstown, Pa. Phila. Office, 1411 Morris BIdg. N.Z.GRAVES ' Incorporated 22 and 24 South Third Street rhllndelphl. Tb. Home of hixclaltlr. la rlat ul YrnLhf THE BALDWIN locomotive Works Steam and Gasoline LOCOMOTIVES Philadelphia, Pn. -d Northern Engineering Co., lac a WAV.. tVVMM . ' "Bota Pboaw , f If l)lrlcL cnMll im. R.matr." - . Mr kjtdlMUiMUUHrM all WoBt ' . r Mli'l'-P '' fJ""" """ !" l I w t V mmmmmm A r ' iSBk. J; rw . i . r i. : &&A.A1Lj&
Significant historical Pennsylvania newspapers