il'tipifrfft zs$& EaSEEBEE fnwF1 'j i-v nym-ywmy-Hf- v wssUEa 04 EVENING PUBLIC LEDGER PHILADELPHIA, THURSDAY, AUGUST H 1919. 18 FINANCIAL NEWS CLOSING PHILADELPHIA AND NEW YORK STOCK QUOTATIONS Service and Stability -f'-jr-m wi',)Mfiw3 J il" h 'H Let Us Care For Your Real Estate The Trust Department of this banking institution will gladly attend to the details involved in the proper management of real estate. Will act as agent in col lecting rents; taking care of property; advising in pur'hasc? and forwatding income to the owner, as desired, or crediting his account with the amount. For this service our charge is a nominal sum. An Inquiry Wilt Entail No Obligation Integrity Trust Company Fourth and Green Streets Capital $500,000 Surplus & Profit .$1,610,000 BEAR A TTA CKS UNSETTLE THE MARKET IN NEW YORK Pressure Forces Many Stocks to Low Prices Reached More Than a Week Ago Bonds Heavy NEW YORK STOCK SALES High Points in Today s Financial Neivs Dears .succeeded in depressing the level of priccb on the New Yoik Stock Exchange, with the volume of,tiading light. Gains and losses were about evenly divided on the local exchange. The Curb was sub ject to bcrfr attacks and showed considerable irregulanty. Thcic was n sharp reversal of trend in the foreign exchange market in which low lecords for lire and Get man mark- featured. Cotton was heay. Corn showed extreme weakness, oats leading in a lesser degree, liar silver was higher in New York and unchanged in London. Nr i Net Tllah trftw Clt rlic Hlnh l-ow Clnt ch?t Admin Kxp .. llMi 4'U. t'J'u-l'i I'ere Marq iir pf (II (II Vi HV6 Vi Aiiv itnnii-h . :m r-,7 :i7 Ts Hiiindelphln Co .-. :!.-. a.r Hum pf. . C.!ll. IH1U, ','),- Tt Tilts & AVcst. S3 !W', 32V4 J Oi Ajtix Hnhbop .1(K! 101 101 Vj l's I'ii-tre-Arrow. . T.J fit'', 51 2 Allien !M M. 'J'H H'H - ' I'leree Arrow pfl07 107 107 A Alaska .liinean 'J's I!1. i!1.. IMeree Oil .... 21 21V4 i!l '4 Vj Allis Clinliiii-rs -HI III! .'Ill 1 K ' l'itts Coal (10 ((7 j (57 1 Am Aki CIi.mii 102 101 101 1 Press Stl Cnr. . SU 8(lj SUM, 3 Am Hnvli Mite Hi" 111 111 I I'lillmnn I'nl C HS'j IIS 118 2 Am Can ... i2V. .".1 '4 Wi 'il' Al Kticnr .. (ViU, 01 (It 1 Am Can pf . 101' , 10 1 V, KI1U4 I U l Ktrrl Spring 112 Am Car & IMa l'-Ni . 12.".'. 1211 - Am Cotton Oil ."(I'l "i((i,i "iliVl- X3e Sure of Your Income from imcstincnts by sc lciting securities tliat ate strong because of the value i if the prop erties back of them and tlic continued pros perity and ample earn ings of the corporations which issue them. We offer securities of thi character on an at tractive yield basis. H'rifc for List Nn. E-iO (3handler& Company IMCoavoa1 Franklin Bank Bldg. Philadelphia .New York lioston t iitrli, Aug. 11- 'llm mr rfforts, nftnr lonstaiit attn ks on tin IraililiR Murks, urn- sm rft-tfnl in again tiiiti'ttlinj; tilt- maikrt at the ctnl of thr la. Tin- cnmhinrilnii n irr.nntniK western operatm-s anil loi-.il speriilators liail liammereil stoiks . otitinmilU .from tlie opening but during the foienoon Imd met Willi stiililmrn roM-trni o mul at times in tliat ptrlnd main storks mnilo gains ranging from 1 'n more than '.', points. The pirssuri- renewed, limni'r. in the late afternoon, and before the i lose main .tntki were iln n to the low pint's rent lietl oer a Meek ago I nited Slatts Steel lirst iiilwu I r's tn !(', and then fell to 101 Vi. Hurt' wi- an abandonment of Hi'" bull position for the time In some of the lt.ult-rs in this who have fmored p.rmitting the rent tion to go its full length In ffn ntttnipting to turn the tallies on the hear tiaders In Hit time in the late n ft pi noon main stocks jieltled to o points Mow vest, nlaj's lili il prit es or the highest figures established e.irh in the iiiernnii loeomotne. tvlntli adnneed to !2'j on earh informal ion ahoul the tlit nit ml rate dropped to S71, lla Id tt in I. omotne sold down to 1117'j and Central Leather to .11 1 I'he l.on.l market was henti as a nnliir.il result of the dtstuiliei! slot k inirkit l.ibeitt Itonils and Virtort notes were limb r pressure ami the industrial and rniltoml issues were offered at poiii i ssmns, with not milt h luiMin-s being trnnsnttetl Am Diuggists . 12 IP, Am Mule A. 1- .'!, :i2'ft III! r', Am 11 S. 1. Pf 122'. 120 120 It I Am Int Cm p. . Ill) Am li e Su . . ."1 Am lie Set pf (IS lll I. Misted . . "li'Ct Am Lorn . .. 02' Am "Vlilt . . . 01 Am Smelting . 77ns Am Sin.lt pf KHl Am Sum Tub . IMI'j m Steel I'dit V2U, Am Sugar . . .12H-1, 127 Am 'hi S. Ttl !IH Am Tobntio 22liVi 22."i 22Ti 2 iu T..1. pf int. 100 100 100 1 Am ..i.l ...112V. IMVi 111 --2 Ha Con Cop. Heading 12 'i, Hep I . Htl. 111!' l(1- 2 II) 'i 4!IV .'l'j OS " OS 2 70 70't.. S7 S7 :i .-s-.; oi i -PC, 7.".', 2 too loo .. KiW, s." ".," ', lllif )) 1r's 127 12!) 1 IKI'j !l!t'i2'i Am Wool pf . 107'.. 107 'A 107'2. 4 ssv, 17V, tl4'! 112 27rVs Uc Mo Truck. Kotal II A... llnjal I) N Y Saxon .Motors . St .los Lead.. 1,1 Vj St T, S V 10 Sloss Sheff SU ,. Iron 01 Sinelnir Oil .. "ilti Southern I'ae.. IKHi Southern H H. 2." Soiithein ll pr C2, Stromb'g Cnrb ill i.i Studehakei ...I07Vj 102 Still. Motors.. l(l Kill KS V8 4 2.-I04 iki -y, 7SV, 78' 1 80 8li 2 17 y4 47 2'4 114 V4 t'4Vi2V4 88' 80 1 211 2(1 14 Jl'j.. 18 J8', 02 r.r II."'.. 2.V, 112 'j 02 :i iV. ', !.- 2.-.VT , 2y, v, -r, l 102 4 lon'j 2 Philadelphia Stoclts 1 Hlch ITiO Am Strs .XI ' r.50 Am H&G 41 2S0 KIpc Htor 88 AAT, Key Tel. ini Nrt J,ow Clotte chBP :i:i'j :3Vj V, 40 40V4 2Vi 88 .. irrji-f 'A 23 (17 40 Vi 44 81', V. 87 V4 15V6 23 (17 10 43 SI 'A 34', 'A r.2.") I.k Sp Cp 24 2.1 Lob Nav 08 OOLcb Val. 40 304 I'a.lt II. 41 20 Vn Hnlt. 8tVi fi5 I'hila Co om nt :ur. am DOS I'hila Klc 2.-.V4 25 ' M1 105 V II T te 25 2.. - ' 15Tono HpI 3 3 3 -h r, Cn Tract 38 V4 3SV 38 184 II (i I... (10 0!) 00 340 IJ H 8tl.l03',4 102 55 W Cra'p.103 100 102 1', ioo ; Sup Steel .... JV 40 40 Tcim l'il'! 14V, 13 13- y. Oil 01 BEARS LOWER LEVEL OF ILL ST, PRICES C iVi- '1 TJ, (',( lll Wl I'.ip pf III1 Am .nn iV I. 2.1'. Am . I, pf 57' Aimiondi . 077 .sso I irt (ids ."l"i"' Assnts Htnlmi o' tflllsilll ' " All ( oi-l Line .I lillll V tt I Ill's I I. !.! , t", llnldttin Lin o 111', 107 107 2 Hallo ,v. Ohio 12 10', II 1 Itairelt Co. 120 lis US 5 (ill - s Oil's 05' IVxiis Companj255'( 253 253 2 I'olmi t .. Prod . .103 Mi 100', 101 2'j 1 "1'iaiisue Will. 5S 5S 5S 1 1"jiTrnns Oil Co 4(1', 45 45',.. ."" I I nlon I'ntilif 123 122 122 1 Vi 3',.. 1 1 nioii Phi pf. 70 70 70 .. 00'... 1 rnited Allot Stl 51 'j 51 51 . Sty.. 1 Itt'th Steel li S7't SI M 2 Ilelh Stl S pf 112 112's 112's- ' . r tu i .' 'i"ddii On (il Markot Shows Little Evidence American amp une or vveimebi -.lhf i.(.,,i Weakness Vol- Oils in Demand of Real ume of Trade Light C ..o rl Duhhnr Honuu i ' .tut t iiik rcaiuica -i ir immw. ..w.j We own and offer 2500 Shares AJAX0ILC0MPANY Class "A" Stock Dividends at rate Xc Monthly Based on present produttion earn- inga approxlmatelv jr7 'inu u r month Six ntltlltlomil ttrlls tlrlllltiK. T. VTTIt Wire iitltlcrpt Just receltetl annonnrf utldltionnl 1500 Mil npll tlrillrtl In. Tppsfnt offprinir at par $10 00. .Spoil fur ilrtullptl tirpulur. Fairman & Company Drcxel Bldg., Phila. KxtulilUlirtl 100! Stork s.iIps totl.i.t on (lip New 'loilC plnncp. as pompllPtl li (lie KvrnliiK Sim, totaled IlllO.hOO sharps. New 'iorb. Auk 14 The N'ett nrU r.teiiinc Sun's Im iin'i il rpt it tt this afternoon is as follows: An appearaiu e of MreiiKtb was piten to toda.t's stock market nt the nprniiiK bj a modest i.epiiniiiiiibition of luijlnc orders titer niRlit As soon as these New 'Vorli. Auc 14 The Curb mar ket slittei a (,'ond dpnl of iriPBularit.t III kit n U T 27", I! U T tlfs 22 'i Ilooth Pish s 10 I, P.utte ( opiZC 12 P.utle Sup C 25 :i(i, IsU I t ,i.r i .. t no ' tun i )' ii nife '' Cauailiin P.n 151 Ci lit i.i I I Mt . 35 Centi )1 I.thr .10(1', 0"i 07"4 Cen ii ilc I'ist'o 5 1' i 52 52 Cliatiillii Mot 234 2 11 li 2C,1,1 IUj 10 12' , 21 Vi 35' .1 41 CSV, 1 15.', 153", 1 35 35 - M -3V, '(' , 21 Vj 10 12' 21 35'.'. II OSI , ('lies Ohio . 57 m tod'i.t s tindniR. the important foil- " , (lire Peine losses in sppi.w siot-i- uuil ttere siihjpi tptl to hear nttatks. Ainer lean Ship and Commert'e was one of the weakest feituris, falliiiR from 12 to 3s,, willi a tpiiik rallj to II, on tiailniB of 20.000 shares. 1'isk Uiibbi-r was heaty, pirtlj be eausp of the fait that the stock, after ttere disposed of, at the end of the first j 1,phik listtd on the ecliaiiKP, had deal half bom or !". """ bst betamc un- n on the lmaitl postponed Thestotk settled with t.inable. not to snj mixed, ' opt netl tit 40 and ilioppetl to 15 prn e Hut motions C It I ,!v P tt 21 CIUP I. pi pf 00'.. ("In Paul Tool "S Chi li I .S. P.ic 7 pi pi ... 73 Chile Coppt r . 21 Chino Con Cop I",1 j i' r r st i, in ("butt iv.ihoii.t s:; Col I'm I A. I rii 15 Col (las i:i 501, Col A. South.. 22'.. Conip Tali . . Is s 02 21', (llli.. 7S 73 2.1 13 10 .S3 II 50 !3l ."(! .i.i-,' 02 2 1 VI oo i; 7s :'b" 1 I'liittil Cik Str 200 2(K) 200 Cnited DniB ..100 100 100 .. Cn li iiff 1st pf 51 40 51 Cnited lit Inv. 11 11 11 I'nit IM Sirs 100 105'4 lOOVi 2 USCI P A 1" 3(1 34 Vi 34'4 1 ', IT S Pood Prod SO', 78 V4 78 C S Impress . 2(5 2(1 20 Vi It" S Ind Alio .133 120'.. 132 1 r; !H S Kltt A Imp 43', 42 43 1 I s ituiiDcr. . .iiys i-o iz"n 'H 1" S Uuh 1st pf 113 Kt 112 112 1" S Smelt A II 051j 04 (ll'j 2V C S Sm A K pf 4S 48 48 U S Steel ....103 101', 101 l'j I S Steel pf. 115 115 115 1 I "tall Copper . 85 84 85 2 Cnit Kit S rts IS 1(1', Kl'j 1 Va-Car Chun. 81 80 80 2 Wabash .... 10', 10 10.. Wabash pf A.. 31 3(1 31 Hlock.. 3M1 Khurpi. Pmprpfl wth 1)721 ithitrrs noM tplenty Thin far il tvp-. 2 121 shares Sums period last wceK. .!.- SM h""- noMW Net Hlnh Iw Closo chge $11000 Lk Sup inc 5s.. 71 70 704 1000 Lob Val cons Os.101 101 'j 101V 5000 Mb llontl 3d 4',n 05.00 01.80 05.O0.4O 47000 4th 4s 03.30 03.18 03.30.12 14000 Phil i:iee 1st 5s.. 05 05 05 1 1000 ItK Ken 4s 80 80 80 nnnds J7fi noo. pomparpd with V1.J!"0 estll1ay Thus far this ttfPk. J342.300 same period laRt tvpek. $247, HOO. MONEY-LENDING RATES NKW YORK Money on call, mixpd collalpral, oppiiptl at 5 per cent: high, 5; low, 3; last, 3; closed, 3'j4; ruliiiR rntp, 4 per cent. Industrials nnened nt 5j lier fPiit; liiRb, 5'A ; low, 3'..; Inst, 3'jl closed, 3M.4; ruliiiK rate, 4 per cent. A relatively koi1 business was done In time money with more available 'at (1 per cent on Rootl mixed collateral and 0 per cent on industrials, for sbort periods. Prime mercantile paper continued slow here at 5 (Ti5'j. At the same rotes, more business in dlscouuts is being done in the interior. PHILADELPHIA Call, 0 per cent: time, 5(1 pet cent; commer cial paper, three to six months, 5 (a GV4 per cent, and six months 0 per cent GAINS AND LOSSES EVENLY DIVIDED ON LOCAL 'CHANGE Price Changes Confusing and Indicate Divergent Views of Trading Element Cramp Drops 3 Points 1'rlcc changes were confusing during totlny's session oi (be Philadelphia Stock Exchange, intlleutlng the divergent 1pwh of the trading element, llalns and Iosrcs ttere about etcnly ditlded, but these, with one or two exceptions, were limited to fractions. The biggest hreak, made early in the session, was in the shares of the American .Ship and Commerce Corporation, which ttere oft 2 at 40, the issue price, on sales aggregating some iift-lip shares. In the early dealings, Cramp sold unchanged on n small turnover. Later, houotcr, weakness developed In this issue also nnd the price fell from 103 to 100. Philadelphia Klcctrlc wos another of the actltc issues, the price holding around 25V. Trailing in Lake Superior lagged, as coinpnied with tho early days of tho week. After selling at 24, up ',, the stock displayed heaviness. There was a report current In the Street Hint directors; of Hip corporation would meet In Montreal some time next week In hpar the report of the company's representatives who were sent to London to negotiate with the Hngllsh holders of underlying railroad bonds. Union Trnctlon was the only one of the tractions (o be mnrked up, a sal of live shares being mnde nt 3SI., n gain of . The trust certificates of- .1 tne Ihilndclphla Kapld Tinnsit Compan were weak and sold off . Lake Superior Income 5s nnd Liberty fourth l'4 divided nttentlon In th bond section of the exchange, the former being off 1 nnd the latter holding be tween 03.30 nnd 03.18. 5 I Hi. tib ii 'In niif.il ranged from 0 's to ( onsol (,.is . '.,' While tile htnrs sin t f Ptlt'il ill tie 1lt '1 lit re was a slum of strength at Cunt Cm 03'. prissmg the let el seteral points on m - the opening in Indian Packing, ttluth Cons lot C 10 i.iwmn. there was little ltitlii iition of. sold at 41. hut a moth rate suppl.t ' Cm n Piniluits Ml ,-tal winktiess iintttheie (luii k and tausiil a ipm k tliop I" "'07s. freuuentlt broad ret merit- followul Pettoleum -tmk- were generoll.t 22 ' Is " 05 01 10 77 ICi liable Mi el l.'is'i 131 I Cub i Am Sug 220 !P. ettrt -mil sit b..tk, ttluth sertetl to I pmii ,, mnll(i without -pi , ial t liiinge m.Cub.i Cane Sug 32', 31 'i dunonstiiite tint an tindi lcnrii nt "fjpiHe- ComIpii sold nt Id1, aiul 0 j , Cuba C S pf . "Sl. 7s 70 OIL FACTS OF BASIC IMPORTANCE to enable (he investor to judfje intelligently the pos ubilities of oil securities under present conditions, are at your disposal in the new edition of our booklet "Oils and Peace" Values, Production, Con sumption, the Mexican Situation, Gasoline yield, Markets, disct'ssed with authoritative figures. Keep informed irrtfa for Booklet 180 K. few "investment Securities W, investment Securities 43 Exchange Place New York inti -tan lit busing unite independent nf Hni Simms Pttroliuin at 31 to 32 Sin tthattter -hurt cotei then' mat liate',i;Ur Ctmsolltl iti d Hinged from 51'j to been to reap was kept in motion bj the I ,, nnd Smilair (iulf fiom from 51' desire of hi nelits to be dented from to 53', S.itold sold at 50'.. to 5s lower prit t s fin tlioue liiKstnient Is Inteiitiiitinait.il Ilubbt'i , ttbnh tt.is Mr la btrun' feitute j ci-tcida.t , was quit t t4 the s,-sii,n ndt.inced, hntteter. with a ft w s.ihs at 21 to 23 fie toliimi of finding lit tame lighter and. (iuitral Asphalt ranged from the m.iiktt. a- a whole, was lift to 77 ' Perfet tion Tire sold at 1 tlm t. ml,-i ineri'li's of the lirtlfe lonnl 1 7 10 ilimies The clniuts win- not si i g- , . . . , ,.... i... ,i.... gressne in liear raining nui i""i -. wire of tin worstt tl bt more or I , -mvisti nt ri si-t.incc to in t -sure i Anicr M.inin I The tourse of rnited States Steels Aim-rNrUim; 1'ant.r shim - was tt pit. i) of tin 43''.. 411 I -S3 3 14 I 5'IV'h K 22 ''j Vi 4S 1 05 2 Ill's 1 111'.. ", 77'.. f- ', 130 ', 220 10 :'j i , 7s - 12' - 'i West Mil " ... 12 12 12 West Cnion T ST.V4 MVi S5'j ' 1 Vestlise All 11.113' 11354 113 Wc-thse Mfg.. D3 .12 Vi 52 Wheel i. I, IJ. O'j 0V4 0'j j White Motors. 111 50 50 2 "I Wlllts-llt.ild. 32 31 31 I Wilsnii Cn his I. Rlli Bfil 'J - : " - "" ri wa Woolwnrth ...12S'. 127 127 3', Wtutli P . M 70 " 70 70 1 " 'CHANGE CLOSED SATURDAY FOREIGN EXCHANGE New York, Aug. 14. The foreign exchange market showed great weak ness in the early trading todny with the lowest figures eer reported for lire and reiehmnrks. Lire cables fell to 0.12 and checks to 0.14. Iteichmark cables were .1.50, checks 5.40. Uuslness was fairly active. The neutrals com pared with the allied exchange showed steadiness. Quotations were: Dcmnnd sterling 1.30, cables 4.31', frnnc cables 7.85, checks 7.87; lire cables 0.12, Sl"l" 1 OIK too nharett compared with this w,.,k i 7U) iiimi thurei sum neriS-i I cheeks 0.14: Stt iss cables 5.07, checks I ,ul 1, . nt- l!lllmi.l.. ---- -I . . . . t.ci i.-r-n " pi.,ouu unttrefl Holiday Granted That Clerks Can Catch Up In Work New York, Aug 1 1. The action of the New York Stock Exchange got -ernors in ordering the stopk pvchiinge to be elosetl on Saturday ninkes the fourth Saturdaj this summer on which business has been stiKpendeil on the boartl. On the previous occasions the statement was mnde that the action of the gov ernors was taken because brokers were unable to handle the huge business which in those times ranged nrouud 2,000,000 shares n day. This week, however, business has been comparatively binnll in volume nnd the stock exchange authorities stated that the closing of the exchange on Saturday is for the express purpose of enabling brokers to catch 'up in their clerical woik. This has attracted attention to the muddled situation in biokeis offites generally. There have been many mis takes in accounts reutleiptl to customer, and a .situatityi exists that cannot be adjusted by the closing of the exchange. In ninny cases customers hate accepted the statements made by brokeis. and hnie closed out continets of wlutli they had no knowledge, with the nssui antes from the brokers thnt the at -0111118 will stand as at present. NEW YORK COFFEE MARKET New York, Aug. 14. The fentute of the (offtc market Ibis moinlug was continued heavy tra,tlo selliug, believed to be against attual toffee, which car lied Dei ember down tn 20.21c, or 44 points below last night's close. Tho tinting was principally for short account on the way down with no bull support in piideiKc. The local spot mniket cased off in sympathy with futures, with Ilio 7s enerallv quotetl at 21 c and Santos 4s at 2Sc to 20c. t A fair demand is noted, bit buyers find little coffee for sale, only low grade Kin anil Santos on offer. Stotks in jobbers' hoiulsjicre and sup plies throughout the country ure con sideicd sninll. Test. Open Hlffli Low C lesp dose Aucust nn r,2 hi -jo bept. ... "int:, i:iio no 31 joas 21 n.i u. mber .... 1!0 'il 20 HI. Vnemher 2004 20.7S Dot-ember JO 20 20 XI) 111 R5 l'l 811 JO 111 Innunry . . in 88 20 ill February . tn SU 20 no March . 20 1.", 20 JO in 80 '111 HI JO 5 April in HI 20 v M'ty 2(101 20(n M 1)3 M0 81 20 60 lunn 111 71 ill 47 Juh MD U.-, 20 00 2U 00 III 70 20.55 Hid. BAR SILVER Coinincicinl bar silter wns quoted In New Yoik today nt $1.12 an ounce, n loss of 'it' In London, the price was unchanged at .ISVsd. Local Bid and Asked li - -1.-U11 l.vpit.sivr s x . Am p Hrllish Mil. IMll -TK1XI.S lib' . 10'. i Auk 10'j t mils nf the Spruce 343 Race 2303 Canadian Municipal Bonds Bought Sold Quoted FINCKE. BANGERT & CO. ( rrnnklln Hank nidi., Philadelphia nosTOK Ntw vonrc t an till tn t ir !i-t ii- a whole, opening a lint tion up ,.,r,n j,, '1 adtaiii.ng ..earl, to Id. tln it- '1';7r,1'VIl.,..r ' tetling below in:: and Imallt rei' lung a , hr,.iet Mom fair -tat- .,f . ..uilibr...... . lo-e to 1 1.. , -;; ,n. Weilni-dltt ilii-lllg b'tll lliiursnii I'll in tfrapb There were iniliiiihial -Im k- ttbit li ' ju"i "l"nr- nititetl under the lullu if fnttoi- int r ','f'j J" liical to them Ann man l.otoniotite j"lVli rnVpi-nit inn up otei 2 point-, in antiiilpatn.il nf j ''.-''."n' m'" i.ii an nn rea-e in the ditiileiiil talc al to i,i,n i.o.u dat's meetiug of the .1,, r- When Mjrlin l1..,'",,,, the iinnouncen.PIit came that the -tin k N V .-hlphuliainc had been put on a 0 per t ei t annual t,,l;a,'r", ''.u1'. basis the price dropped bat k to where r-erieis Mi.ior . .. ivrfiitlnn r &. ll . . it began. I'hlliu Mnrrls .. After touching a new low let el for P.! i:nr the tear, Anieiiinn Telephone made a t,M,'i,i ohlo .'. .'. sharp recover on its being made tlear t;"'"'.'..' .' " that the financing project rumored yes -i.,i mioj. , terdaj was specilit ullt denied. It would 2"71",''r nonpar that the repoit hail It- oiij.in in T.H siiipi.uildlnB l.iVj r.-, a", no Mu I sTAM)iii on. sto( ik- Liberty Bond Tax Exemptions at a Glance fiend for circular LIBERTY CALCULATOR CO. Untnwn Office (10 Went 3.1th St. Nff York Main nflir 80 llroudway ... . ,., ., . , 1, .,.,. Trunei i um nil HUP JOKO 111 Uic ihihuii """'' fnltnil Motor Tho oiN werp in rooiI ilfiunml thrnuKli Jnltd Proilt PhaHnu - ai f ltM( in snip out and gam- of 2 to .1 point- were r,i rilm . . . mnde in that tmarter. dA'lth the n- Vncht-Martin Air . pt'iition of I nite.l Drug aWd .1 f i tt nth er-, mo-t of the specialties whnh hate Illinois been hulled of late were held down a F'r.i?n imp-' point or two s ti ' i-ni ., The rails ttere heavy, -ate New q . Haven, which rtteitetl u leatui ot . ..rrn,... f..,.n lb,, m.tflihcntinn nf that -itui-tiiiih ,.... ... -- ...n f,l road's motlilitation of it- freight em- rn,i,n i 0V bar,jo. Di-patches fiom Washington, j:ik ",;", stattsl that a bill for the return of the ila'mi on h r" loads to private ownership would be "ek.il introduced in the Senate within a week, v-rrltt OH .. and that no part of the Plumb plan ViuiMMt)!! " would be incorporated in the uiia-iire ! . ihl" ruel This was len-suring. but it failed of !sfur,(R,ll,fr,,f(la much effect for the reason that rural hviiunyuh ton in jt, ri IT -M'n HS . Ss 211 ,t, . .14 . 4I4 .1111 . 41 . IN . n . 30 4S 29 . 30 . H . 3 11. . R8 .1",2 "l( mu ii". 7 i lull 2i 'i 1 lll- 1 l'i 4"4 lit 41 Vi It'i ro Till in i l'i nn 1 tm 1 Cunt ('.unit . K!1- 12' Ilcl & Ilud-iin 101'v 101's 101'- Den & UC pnf 1 ." ' j 11 111'.. i:ik Mm 11 I'mi .".s's :it74 :iT7s 'k Hnili .lohii ldlVj 101 101 .', Iliuli John pif KlT's HI.". Kit's Hi ic Kl'i 10 Ki's :vs I'lie 1-t pief 2-"'j 2." 2."i lb le 2d pief . IS is Is 1 r.un l'lateis KH.'j KH'j 10.". 2 r.npoit Te.i. ill M 4S', 1', I'l-liu Hotly . I'll' i s'.H.. !I0 '";'s l'i-h l'.dt pief.loo'i 10O' i 10ll'i Vt I id .Mm &. S. K! Ki Kl 1 1'id MSpicfl'.s :!7i4 :'.7'"s '"s nil-ton Will .. ::i's :to 1 :n 1 (,in ('hem Cn .ISO 17'!' j 1st) ,". ' 1 .tn Ci'ur Co. si s.; si j-tij' I ,tu Mt.tois ..222 2IM 220' j Vi Cm Mnli 111 ill. S7 Mi'. Mil. i iHiodriih H I'. 70 71 Ctiiul I'. !' ;'. 102'j K"2' j KI2', I, it.it No Mi'i sc.i, sc- (it Nm (In -lib- 1 I ', 12'.' 12'. Cut lie C.111 'op I.i 1"! ' I ' I, If M.VNt.i pf "'I ".'I ".'.I II.i-kiIlLll.iik'i 02' 1 W OH llome-tnke ... 72 72 72 Illinois Cint .. 01'- IM', OI'. Int Agiitul ... 211 2sit l"i .. Int Agiitul pief Mli S" s;; 1 i,i, Inspiration Cop 01 ll'.l'i ,VI 1 lutein Cons Op 111! ti'j 0"'s as liittib C Op pf 22 Vj 22 22 2 Int Il'.t C new .KIO'j Hid'. 1'iO'j 'j Iut Mir Mamie ,"('. ol7- .VJ1- !! K, Int .M.r 5I.i pf Ml'.' 112', 112'j 2 AinTlt an Storrs . Ilalilulu ilrlll J ti Huff & M1S lo ITft Crttmp t c lilef Slnraffp I Clen Anphalt ' li. prr Ip IflppVone 1 ilo pref I..ik, Sun CVirp l-.i hltth Nav l.ch Vallfy . ,. l.eh Vil Ir 1 do pref . . . I I'ennpj Itanla . I'hllu nit c I'hllH Ca I tli, pr rent pr do tl per pent pr I I'lilln II r Ic . HeadlPif I Ton Ililmtnit Ton Mlnlnff I'nlun Irac , V O 1 r s siti I York Un y t tin pref . Am Ship 5. Com TiMkj Hid Ak 31 34 ll)7'a 108 l 70 1IIO KJ' lili 1.-, 21 tl7 4NV, 1 I 2tl 4i; -, i'ilvi 34 -"Hi 7S 3 2H 3S IP) mis 72 :.i in-, RH 80 12.' l.-,. r,a MM IIS 4 17 2R 44 21H 3"l4 "day Ak 3IW 111 in 3414 "i'ii ' 3 381., lin'T Yt nterda HI. I 31', no Vi llll RSM 77 11H ir,i 21S (17 i 40 14 211 43 sis. .11 34 21i 7n' 3' 3S 19 UMV4 5.00 i guilder cables 37ft 1 cheeks 37 : t peseta cables 10,20. checks 10.10 ; Stockholm cables 24.00, checkn 24.70 ; Chrlstlania cables 2.'t.(!0. checks. 23.40 ; 1 . . . ... .... . , n, "n . ( openliagen enmes l.uu, ciiccks -i.tu; Ilolglan cnbleH 8.07, checks 8.09; rcichinark cables ,5.50. checks 5.40. Italian exchange in the Into afternoon mnde new records following those estab lish 'lished nt the opening. Lire cnbles were fco o.l." and checks 11.111; sterling wns firjner at 4.31 for demand and 4.31 for cables; francs 7.S2''i for cables and 7.84 for checks. 1J2 n" .in 23V HSti 40' 17 2S 44 2Vi .III 32 a-, jn -s'i BANK CLEARINGS so 311 H 0V4 11 U SIH 30 3lSi 40Vi 42 42',-i I - I'll - 1 1-11, - S - ' Hank rlearlnKH toda compared with cor- rcsiwndlns day laat two enra. inn. mis Hi" 'llonton . SS mi 041 I'll OS4.077 Jtl2.SS4.814 1 I'hila . 7J.onn.osn 1m3r.fl.1132 r.4.3n7..ioi V York 712.4110.214 5I.2.S17.4B9 MJ. 2.12. 437 3 St Louis 31.311.122 2.1.724.3311 22.1)48. 4SI 3 I'lllcnno llHI.1rt.411 82.1M.427 78.11,4, 741 1S, llalllmoro 14.001 772 1-'.I34.440 10.702.350 On ! lot. i nirtiTOPK nnnTATinwc (hlruKO, Aui II llfKlS H.'celpts. 31, OtlO henil Market r.0dr7.1c lower. Inter mostly tl lower Karly top $23. practical top late IS! Wl h"uvj J20 (10W22 Till, me.l lum 120 7.16 22.10 liaht ttelirht 120(10 Kastman Kodak Company, quarterly of m 22 31. Until 18 r,n vil' 10 heavv packlnK per irnt on preferred and 2 per rent on sows fl"0J!!,lB-5ni T "..BlPFn !" common payable October 1 to stock of rouch lin SO 1 .10. pips Jl BOiS'18 .10 reiord Aueust 30 I'ATTI.E Uecelptp. 111.000 head Nallte Amerlirfn P.xpress rompany. quarlerlv of lieef steers slow to unevenly lower. Bond 1 .10 pn able Oitobir I lo stock ot record rholre stock nteadv, others slow to l.V AUilllbt 30 I lower hulls raltes stackers and feetlcrs Deltware and Hudson Railroad Company. I and wrsterrs steadv Ileef steers tholreantl nuirlTlt of 2't per tent, payable Replein i prime Sill 7.1&I0 21 medium nnd Bood. S13 ber 21. to holders of retort! August 28. I t Hi 71 common lii 2.iw n. llnht welht Boo.1 anil cnoice i .niiiin .hi, common and JP l. in' i hi nutcner neirers 17 l.i DIVIDENDS DECLARED lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll!: CUBA I'hlladelphla Klectrlc t'ompan ouarlerlj I Boo.1 t if 1 a, pr tent p tjahle 'Heptember 1.1 as ' medlu registered AuKUSt 20 Hooks do not close Union Tink Car Company ouarterlv nf SI HO t shire ratable September 21 to slock of record AuBust 20. Union Tank Car Companv Is tht new name of the Union Tank I.lne Company Union Pacific, semiannual of 2 per cent on preferred and a dividend of S2 HO a share on common both payable October 1 to stock of record September 2 Southern raelfte, quarterly of SI no on common patable October 1 to stock of rec ord AuBust 30 GOVERNMENT BONDS ls.l 370 -si 2' 1 7 lss isn I 2't 371 3ill l.'ii 7Hi 111.1 401 lMr.l'KMi:NT OILS 10 s'j Ill', 2! I llll 21 . no 12u 21', 114 $50 $100 LIBERTY BONDS I10LGIIT AMI SOLD Biddle & Henry 104 SOUTH FIFTH STREET Members Philadelphia Stock Kichanga Empire Gas and Fuel Co. 6 Notes due 1921 97'2, Yielding G2 lVMnstfllOl Land Title Bldg, !tara41t . , r Mnr iir etents lintl clearly enoucii iieen oi a Sinclair oulf . .nl n I o fni nociinintiitii ?nllt h l i8t Oil nuiiiru in iiiunt- " .."....,i". v.',,' v, , ,1- The tinnl tone ttas distmetlv ttmk. unl1 resislanee ofTeretl to bear pressure up "nl,u "" to the last hour largelj (lisappeanni; I A1,,'JskIJ.d"c ' ''. '" l Hteel tlroppetl belotv 102 nntl net Iovsps liutte'.Sew York " '.". ti '1 to It points, iterc numerous Con I P0J."snVjnenrtome ...'.'.'.'" tractions again totaled less thai. 1.0(10. I i n 'ri7ona ' " l' 000 bhnrcs, althoiieh trntliiiK ttas more I funa' elms"' ..' ' .'""l l'i aetiie' on the tlefinite tleeline thnn in tinldreid cons . .. . in nny Wvlous periotl of the session. l;j'J;! "or, ;. . ; ii ii 2 s 1, L'l i,,-;1' 70 7 :vi il 211 Inteinl I'.ipti Int Nnkel . . 'Jt .loin's Hi us Tea IIT'j .Ii'ttel Tt.i .. "JS .Intel Tei pi if 7-Kclly-Sprins . .1-7'j Kell.t Spuu lt 'i Kcllj Sp pt .. OSij Kim Citt So . 111'.. Kan Cit So pf ."1 Kciineeott Cup. Jlf i Kej Tne S. K. !MlS l..itk Stt el SI I.i Inch Viillej.. 1!) Leeltiib . T.. II"1.' I.onllaitl 1' .. .'J-'li:1-. Manliat Slnit.. W'h Mux Motoi Ah .Max Mot 1st pf. "Il'i Jlat Mot Jtl pf :I Muj Dcpt Stoi Km -i , ji;i . i!f,i Jii 7(1' . l'J7 !IS1 , io' r .-I :n;' , si; 7!i', i:t j :!iii . 'jk; :u It!', 7"',2 ::n lllll jii ."' 70' (!' VJ7 Vs h jsi . fill j l'.H "j .-.1 1 , .Mil., :h s.ii,-:!S 7'.i,4-l, lo, i,, :nii l l! 17 L!0 "! . I I7'f 7s T.".l , i, Panama coupon 2a 103tl... Panama reElstered 2s 111311 T'nnama coupon 2s 1(13R .. Pinnma reclstered 2s 1938. Ptnama coupon 3s 10(11. . l'anima reslslered 3s 11161 I'hlllpplne 4 lt.14 Philippine 4s 103.1 Bid Ask II8H OS' 90H USH US' 0IH4 R 02 8S I2 no nil 00 84 BI1 10 cow! S7 riOjfl4.71 caltes. S20 hlir.HP Ilecelpls 28 000 head Natlte lambs steod to 2.1c l.lBher Top S17 IVesterns slow to start few sales steadv to 2.1c higher, bheep and feeders about stt.ad Kakt Illlffalo, N. Y Auc 14 CATTl.n I Receipts, liao neao Active and steadv Caltes. receipts. 800 head Active. SO 23KO HOQS Receipts, 2200 head Actlte. Heavy mixed and ynrkers S23 75, llcht tnrkers and Plzs S22..1023. roughs. S20 60021; stags S12018 Hlir.nP AND LAMI7S Receipts. 400 hc?d Actlte. unchanBed. piii.iin.,ii Am, 14 -iTormnndtntK 90H I 1100 head Market lower Ilentles, S23 2.1 2D pea xoraers -o t.iv.-t; itgni orK ers S22 2.1M 22 .10. pigs S22W22.2.1 PHEKP ANI I.AXI11S Kecelpts. TiOO head Market stead Top sheep, Sll; top lambs, S17 no CAI.vns Receipts. 100 head. Market sieadt Top 122 fin im i Me 1'etiol .. .17 ', 172 17.".i,- rTNANTJU. rronosals tloldfleld Merger ICIreen Monster Hecla Mining Howe Sound . Independence Lead , Jerome Verde J m nutler . Jumlio Kxtenslon 4 .l'i 4'4 l'i 1A , SO 7S 'l I'. 2' 411 l'l llil .1 II 4", S4 A Complete Federal and State Tax Service NATIONAL TAXAUDITBUREAU Tax Kxperta and 1'ublle AeeauDlanta 40 Colonial Trust Hide. Market and 13th Sis. f,nrnr 107S It a re ons LIBERTY BONDS BOUGHT and SOLD ft Ant Denominations L 8mitl K PhlUips & Co. itOJiMKr Aisnu, sni.F.n inn whx iin kfckit"ii up ... .nn1 inr-iiiilinar thf 2 ill uis nf A ii if nt. . to hvth. Tot.nsl.lp ttuprrtlsora of .Mld.ll. VfrXr.."!?.'??. .V. Tailor Township for the purchase of S 11 lion till. Copper of bond, of II... said Township flond. shall Mofw I-odT be In the denomlnailon of Slooo i rach bn.r .Mines Co of America Ing S per cent Interest. paable semi an- National Tin , nualiy irre u, ....- ..-.- r,iu,r as i Netana mils .... I follows Nos one (1) to tin (10) inclusive Nevada Wonder I, August 1st 1024 bonds eleven (11) to Nlnlsslng i twenty (20) Inclusive on August 1st 10211. . nay Hercules I bonds twenty-one '- " ""riy tjuj inclu alve. on August 1st 1034 bonds thirty-one I (31) to forty (40) Inclusive on August 1st 1039 and bonds forty-one (41) to forty file 1 (45) Inclusive, on August 1st 1044 ' All bids shall t addressed to Elmer Kelfer Hecretary care Charles C IJre.r 30s 1 Swank Rulldlng, Johnstown. Pa The Town- I .hi- unrfarvtsora of tlddle Tavlor Tnunahl. reserve th right to reject any or all bids or award the said bonds to several bidders if a higher and better pries tan thus bt ob tained. . . a lllda wilt be opened at a regular meeting of the Hoard of Township Supervisors, to be held at the offl'M of Charles t! Oreer, Kwank Hulldlng. Jphnstotvn. Pa., at 8 p. m.. Frldar, t&e Z2tl nay m .uut ,.,, Rt.HtKR KKIrER. Secrotarr. CHAt.F.a C, OlUSBll. Attorney. San TOV Tonopah Kxt I'nlted Verde . West End Con White Caps 30 10 .17 37 47 V. 3 ,oS 2. 0 2S 41 2!'' V4 10'J 2'i 44 31 10 IIO.VDS Cosden Oil s cosden Co (Is Russian Govt 6V4 s Russian Oovt (i'h s 101 101 41 50 101 104 47 r.2 Miami Con Cop -7 ', 17 il, Mnltnle Steel . .".l'i .".ON MinniStl. new 17'i. 10 Mo Kan & Tex 11 lIPs 1 Miss I'jc .... "(, 'Js Mm 1'ai pref ."0',2 od'-i Mont Totter . 7J' 7J"S , Nat Aeme . 117 Ks 117 Nat Con iS. (' lft'j li-i Nat Him iut... lis is Nut i: &. S .. 7l's 71 National I.entl MMj 70' , I Net- Con Cop . 1', Is. iNewOTS. Mix :i 'M IN V Air Iiiuki lit llt:Ts New Yolk Ct lit 7o', 7" N V l)o.k.. Oi'j N Y N U&. II :"s N Y Out K. W Jo orf S. West lOU's T Noitliern Tae ss " 'Nota Seotin Stl Ml1,.. Sll ' Ohio (ins.. . .V!7S fi-JT 1 Okla 1'roil & K l()"i 10 I. 7 V, -1 -in - t ', . . .-,(iis- -i, i in -i i, "- is Js - ), ,"(i i , H 11. ! Ontario Silter i Owens Hot .... .17 1 1'aeific Mail . 117 i'UI'll.C Xfl ft. 1 .." )l CHICAGO BUTTER AND EGGS I run Am IV t Chlrnro, Au 14 BUTTEIl Receipts IVlUia H it nit :i7 I1'J ion 100 J17. Ill' .to.1 .. M U 7L 'l.,',, ... FiVcW:m&?fvl4rmcKe "" -0 Venn Scab Htfrt 42- 4,-lVl nana Receipts. 7020 rases Mrm. Firsts. I Vq OaH & O. , 45 47) 1 40'44Hir ordinary firsts. 3614 371ic; ir. Mnioiiclto it I'. 17.V 17.V i rolacellaneous 35QB0c, cre .uaicjtieiie JfcVj If'H 17'Tj 1. is l ' T1V- li 7li'-l , '' - ' :ii; - 7, ll-,7s--'ll. 7 7JVJ-1V, (,()!, (ii 1, 1 1- I' 'M 1 101) 11)0 li, S7'i sti,ii., Ml 1 10',.. fill 2 'l"V8 1 'ir.vf, 'oi Ncto Issue $375,000 City of Johnstown, Pennsylvania 4V6 -Bonds $175,000 due September 2, 1933 $200,000 due September 2, 1938 Dated September 2, 1918. Interest payable March 2 and September 2. Coupon Bonds of $ 1 ,000 each. Free from ihe Pennsylvania Stale Tax Exempt from all Federal Income Taxes Acceptable as security for Postal Savings Deposits Legal Investment for Savings Banks and Trust Funds in Pennsylvania, New York, Massachusetts and Connecticut. Nel debt about 2.04 of Assessed Valuation. Offered subject to issuance being approved by John Hampton Barnes, Esq., Philadelphia. Prices to yield 4.20 A ward of Uncle Sam ninety miles from Key West. Importing nearly everything she consumes except sugar and tobacco. Her two and three quarter millions of people using practically everything we use, and with conditions there exceedingly prosperous. Why not cultivate the Cuban field? , sS"s3 Corn Exchange National Bank 1 - PHILADELPHIA Chestnut at Second E r?iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii!iiiiiiiiiiiiniiiiiiiiiiiiitiiiiiiiiiiiiyiiiiiiiiiiiiT Kean, Taylor & Co. S Naiiau St. 243 Fourth Ave. h'tw York riltsbuub Kountze Brothers Walter Hhrppcrd. Itrprtttntstlrs Widener Bldg., Philadelphia t ..J Salient features of The 6rr Convertible Notes of 1924 and the 8 Cumulative Preferred Stock of Empire Gas 6k Fuel Company 1. Notes mav be immediately convcited par for par into tho , 8 Cumulative Preferred stock of Empiie Gas and Fuel Company. 2. 'Earnings niemany times annual interest requirements on Notes, and six times dividend rcquiiements on Pre ferred stock. 3. Company is a complete unit in the oil industry; pro ducing, refining, transporting and marketing petroleum and petroleum products. 4. Empire Gas and Fuel Company ranks among the largest corporations engaged in the oil and natural gas indus tries. 5. Estimated value of properties exceeds ?800,000,000. 6. Investment in physical construction alone more than $70,000,000. - 7. Preferred stock must be retired at the rate of 5 of outstanding amount annually unless 7V2 has been invested in properties. 8. Efficient and far-sighted management with over 8000 employes. 9. Preferred stock pays monthly dividends at rate of 8, and Notes pay inteiest at annual rate of 6. PRICE 97 'i Descriptive circulars may be obtained from dealers Henry L. Doherty & Company Syndicate Manaysrs 60 Wall Street v New York' ' ii V J u "V It fvj
Significant historical Pennsylvania newspapers