ESJEfflf33 wqm. W'(V' " V ' J V F."""1 WW"F'T r EVJUtfLNU PUBLIC LEDGEKPHILADELPHIA, TUESDAY, SEPTEMBER 2, 1010 r w ! ,.' A Survey of Conditions throughout the world emphasizes the com parative strength of i il.! I ... ... .1 il. .... iff . HI'S 11HUU1I ttUU lliq Uli $!" rivaled opportunities awaiting American business men who have the courage to act when world affairs are being readjusted. It is obvious that some corporations h.ie un usual opportunities for expanding their opera tions and increasing their profits. The se curities of several cor porations of thi kind arc explained in our investment List No E-42, which we will be glad to send on request. Chandler 4 Company Franklin Bank BIdi Philadelphia New Tor Bostoa "NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES MARKET STRENGTHENED BY BULLISH HOLIDA Y NEWS Interest Ran Largely to the Indwrials Wall Street Plcascdyby the Labor Truce New York Bonds Am Smelt E anno j'p" 1 1 r.nn S ' i AtiKlo-Freiich 6s Nen Yorlt. Kept J The tone nf to The movement not onlj fit the outset, da.v's mnrket was for stronser thnn in- ' but also during tlie iirorocss of the rn dicn.rd either b, the surface appear- , ""T?"" l'lu I'ullltill tri mi- llliiini. " "v fi-u,r nnoe or bj the advances of one to six improved. The Mippl) on brokem' books points which occurred in mont of the was reported to be extremely ctnnt, in hltrlilj ftneunlntlip issue. Am n mnttn illcitlnc that the market had bem, to of fact, measured bv the hlgh.j bullish ' '"r,!" ,,,"''-1 h'f "ut on "'V arUT, . , , .. I declines vvhiih hail occurred in tin chnraitet of the developments over the rcornt pprio(I, f unsettlement. lul triple holldjv. it uns suiprising the, truth, about the onh t-rlliiiR of note market did not develop -nuih broadci l,jm' from some of the room trader". vvno vvorKett on rne tncory a reaction i 07 a 07 .1 07 3 W-i 07)i' 97 li U"1. 07 3 )lt . 7i 07 3 . 07t HTM 07 07H 07) col 5s 86 Advantages of the Present Market 1 The current low quo tations of securities today afford the in vestor the opportu nity of making sound investments at an at tractive yield with the possibility of se curing the benefit of a rise in prices which conditions indicate as impending. We are equipped to advise you in the choice of your securi ties and will send a special letter on the investment situation upon request for 4-K. &&P Investment Sccurlttt 43 Exchange Place New York nUNHAM proportion The newt, our the thrie dajs' re ,ccps, an far an the economic nituiition is (onceiued. was decided! encourag iiiK, and the absence of nu radicalism on Labor l)aj, from a Wall street viewpoint, miis especial pleasing. It vvhh clearh evident, from the tenoi of the advices, labor chiefs are trv ins all in their power to hac matters adjusted. The apparent conciliator nttitudi of the hbor lendtrs was Renciallj regarded as retiectini; the stroiiR influence of Mr. , Compcrs The siner ad ire from this nee'epted leader it was lit Moved would .ivort a nation wide strike fcnied onl) a few dm iro it was recoRnicd in all circlrn that labor still rciiuiied a Brent deal of pliiciithiR vol. the ion sensus of opinion in better informed maiket ciriles was that the irisl- of the labor situation had bien snfcl.v passed was due, if not oerdue. The spirited niliiinccM mnde on the opening bulRc met this kind of Helling, which effected pome recessions from the higher level, hut this supply was np parent ly nndilj absorbed, nnd befon nihlday man of the active leaders vvne niBterlall) above the IiIrIi prices pre vailing aiound the initial Hading. n. reason of the preponderant nc tivitv of the so rilled pool issues, the market at limes had a clcridrdl.v "sput tv" appearnnre Still the 'constant shifting of leadership indicated n biond ening undercurrent The oil sto ks de manded the most attentlnii. Advances in this group rnnged from 3 to oer I. points l'urther advance In i rude oil prices lent a stimulating influence, but as In the preceding dojs, the ihiif motive power was supplied b the pool operations, augmented ly tcihnicul market conditions NEW YORK STOCK SALES Salrs 120 2200 1000 .l-'OO 700 3100 tino ."00 101 13600 i-j:oo 2oU0 400 (;oo 5 1 01 J 101) S700 o;oo 0J00 7200 Adams 12 Adltumlev AJnx Ilul) do rls Alaska J AlChltfg AmAgl'r AmnSus PrciloiiR clnji 10", 40 on'4 2J, 05 so HlKh 4J tt 01 4 2'. Wi ST SSU; Tod t 1 ov tlo-tf 40" i 10' l 0.' 2i 40 S7 sn' AmBosh c lll'j 1141j 11 ,! r What's Coming j This Fall? lWill prices xnsc further or drop? What's the pros pect for Christmas busi ness? Where will Labor's next move take us? Business right now stands tn a peculiar position Babson'ti Barometer letter of Sept. 2, "X ItRt'n t'omlnc This Fallf "goes Btralght to the heart of things and outlines the Inexltnhle trend t'of events ro clearly pointed out by fr present fundamental conditions S?A few copies arc available for ifls- Strlbutlon to executives, to(( Jrequest on jour letterhead will string one Address Dept- 41 1G ft; Bthion'i Statistical Orfaaization K Kellrslrr IIIIIs. Mitas. 5 The Larotst OroanUatton of Its Character (n the World T U. S. LIBERTY BONDS ! $50, $100, $1000 , upuanT, foi.i) and nxrnuMKMir.n Newburger, Henderson & Loeb J 1410 ( IIPSTV1 T STIIKET Membe-8 . . nJ Thllo. stork Exrhnntr- ' BROKER'S OFFICE FOR SALE Comoletelr enulppeil und modernlr ap pointed large nfllce (1300 mi. ft.). Trlrstc ielevhone rithanre with aeven phtiwa, Afflee furniture, etc f C 3. LEDGER OFFICE. Are Your LIBERTY HOLDINGS TAX EXEMPT? Commit lh Lllx-rtr Calculator. Mend for rirciilar l'-l. Liberty Calculator Co. 1416 nroadimr. N,w ork City Hecker & Co. - Bankers and Brokers Member of ThlladelphU and New Tork T Sliwk lxhanRn- tt. E. COB. 9T1I D CHESTNUT STfl. , 375 SHARES , PENN WORSTED CO. PAR $100 to bo told Wednesday, September 3, lain, at it o clock noon in our .Iairoora, 201 Phila. Bourie. f BARNES & LOFLAND in a. 4tii ST.. riiiL.MiEi.rniA. r.. $50 $100 LIBERTY BONDS 1 BOUGHT AND BOLD I - Biddle & Henry (104 SOUTH FIFTH STREET Mambtra Phlladilphta Stock Exetaa&c LIBERTY BONDS BOUGHT and SOLD Any uuiomiaatioaa Samuel K. Phillips & Co. 3 i)7 riiESTNCT ftTRvrr Wembtra rhlladtlphla HtMk Kxrkaaaa No Chanpe In Refined Sugars '. iNeW York. Sept. 2. The I'ederal Hfcfar (eflniiiK Uompany continues to attcrnt very limited amount of new ilHPjf, but otherivlse the situation in uni sugars Is virtually unclmnged so eg other reflntrs nre coneerned. The ericoiu AVaruer. National and Ar- .fc(4iie are withdrawn. Trices arc un- 1 dTawcd ut He. le - per cent tor cash, afii tine trramilated. JtawB arc un- ' iAasiid t 7,"Sc for 00-deffree ten-p"-- lr, BAR SILVER i'iSialiiniercial bar Uver as moted in fltapryorfc today ,at fl.Viikt $m of fi5p. In lmU,the pfke wntiUi, m Can 5fl Amfnrr 1 n A Cot oil BC'j AniDrup;S l-4 Am HS.I, ,J2' AniHI, pf ivj Am Ice 47 Am Int 'I Vt A Unseed 71 AmI,oco S7!, AmSmelt 75 lfl Am. Snuff VI', 0 i03 AmSuTob S I1 . JOO AStcelPj 10 , '.'00 Am SFpf nj4 lSOd AmSupar. 1,)1 1300 VTelA.Tel.10Pi 100 AmTob 22 J 100 AmTpneu 100i 7fO0 Am Wool .117' 1.100 AmWI'pf 5Jh .100 VrnZInc 20) AmZlncp. S1C0 Anaconda 400 Prj fids. 100 AshuOII . 70J AT&SP.., (hX) AtT&bKpf 81 4200 AtG&WI. 154 BaldLoco Bj!t&.0 . E&Opf . Barrcttp Batopllas B. thStlD BthStl8 uiothF1 . BknRT Brown fci BRTctfs BuniHUio 1 Ul i:mi :s's ii'. IP. 120 19 'js', 7fii 'in .! 12-' S7 IP, 00 i2r i IOJ'i 2J) (!', 11J3 o0 ll'i 1!'. 12,J4 IS )0 71 SS'i 7fi!l SJ2 S-Pi 40 'JV, 120 lOPi 2 12 40' i UT 'i 2', W, S7'. Ill .(.si ni r7 ll'j IPi 12". us', 7j' I )0 I 7S i 122 , 87 ll'i 120 i 101', 223 23 4 1 01 , 68'j 0J 9Pn 40000 000 400 100 100 2'JKX) 100 1200 400 100 100 100 20T ButrcV Cot 10j0 ButieZIno H00 ButteSup 1100 CaddoC. . J00U Cairetm 400 talPctpf 110(1 CalPAtk 700 Cal.Arlz 3J00 Cnnl'ai CerteedlJ CenFdx l""cnrd p Cenuthr i'dff'iS(.o CBIIpf cts 1.2 01.'. 2Pi 01 OU'i o 03 02 M'. K0 llUi Ul'i 42 12'. 02 oJ 111 112Ja l'i P S7 'l 114 U3'i ls'a IS'. 2 j 2li' 91 01 20 J i 21 1.19'i .12 IJ'a 10(JV 1 00), lOOlj 120 01 21 til (')'j :x 91 91, SO'. .13 12 27 't . Mi 4( 82' , 1)7 - mx) 31h 17'. &2'j 1,9.' 'h 118 24 4.1 OV 04 U3 9P 0 loJlj lo') lll)i 111 42 5P, 112'j P. M.v 118. 17', 244 '14 21 MU'i 32 12', 20-, 3oH 40i 82 J j OS 70' 100 100 300 9000 2 00 100 120) 1200 200 15Vi 1VP-, 131)j ') 23 41,i 04."- UA 25' i 01 7V1 h.mdler 21S i hesiUli ,7 I hli.tW-. K) Chi a Wpf 1S00 CM..stl' 1200 CMStPp . 300 Chl&NW . lioo cm ! 200 cnii'6. 100 CRIP 7 100 ChlPnTool 1900 ChlllCop.. 100 ChlnoCop. 1300 Coin 4000 ColO&E. . 100 ComT&R. 300 Con (!rb . 1100 ConCan , 1300 ConCa.lan 14000 CornPrd.. 42000 CrueStl 41 .jl 00 !)7', 00 10 200 0SJJ 9'. 11 01 00', 9l'j 54' 10 251 07'. VJ 0P 112W Pn RS 113i 1S'4 20' i 91 21 13') 32 12 2d 34Ji 4G)i WJ5 091 TOM 102 01 I 00 i 9G I u5 I 10 2GO I 07'. l!i vn'", cln,p 1010,1 MK&Ter 1 1'. 301) MKATp 20 2'WO Mol'aclflc 2S. 2M) MoIMepf 4 10J Mont V : fll 200 N.UC&C 10'j 000 SatPftf, 74. 700 Xathead.. SO 100 Net Cons 1S' 700 VOT&M ,!!'. CM NYAlrBr 110 .1)0 N'SCcnl 71 O1.!) VVDoiU f,s MOO NYDUpf (5'i 1SX) NMJ1I !2'J 100 Vor&W 100 10J VoiicSrn 141. 10) VorthAm 0) 000 NorPac S 1200 Votnfecfal -,Vi bOJO OhloCOiis 02 200 OhloPS . SO1. OSJO OklaP&R 1014 100 OwensBM 0G' 100 PucMnll lo,", 2000 PennRR.. 4,'4 20i) Pabeibtl Hi, 200 PeoUns . 42 70)0 l'erc.Mir 1) 100 Phi'aCo a,", 70)0 PiercAr . OP, 2J0O PlerceOil. 21 1100 PtttsCodl. 01 100 PlttWVa. 31), 300 Pond C C . 1H), 2200 PreisbC. M". 2200 PA.Sunar. 07.', 000 Pullman. US'-. 020O lljSSpr . ut'. 2(X) Kay Cons. 24.' 3700 Reading.. SO 4000 TtepSteel.. Ssl, ' 100 Remlngtn. 70 30500 JloyDNY. 9Pj 200 St Jos Ld . 14(, Hlch H'i 20 20J, II) CJ lu, 70 SO lS'i 1 o1a s TiOw rlorj 13'. lKlj 29 tn a-. lfi'S 79 IK'i J 01' j now no .'300 1900 100 300)0 00 39bOO 1100 200 2000 2000 .S'tL&SF. . 20', SaxonMot 2rt.'i fers-Roeb. i01 Mn&UIl. . ., Hloss-Sh . CI SoPac. . J02' SothnRy , 25', SothRypf. 02 htrombgC. G4h ao rts.. 9 4 09 (T. 3i; 100 14" 5M, S), 7(.H 5H. 50. 10', 00 10J,' 14J. 12 r; 19'. or. 21'. nc, 34', 19 120', 9b' 24i HQ'i 91 72).' 94', 1th 2(1', 20 204 09 ' 00 04".' 104h 101.' i -'0.'. 25.'. CO 05 11 9 73' OS 00 .13 100 ll'i OS', 88 74), 533 i 00 IOh 50 40J, 435, uh -'h l'Jh .101, fllH iH 00', 3L, 18,, 80 00' j 119), 03 'i 'Hi T2)f 92), 11H 2),4 21W It 201 29 19 03 i5'' 70 79 18". r. 110', 7.', OH'. 05 "'. 100 14", 5V, ss 70 OV, 00' 10', 00 40', IT. 11' U 19, .101, SOI, 2P, CO'. 34.' 19 87), OS 120'i 'Ji.'l 24), SO 90. T2), 9P, 14),' 20 20 201 5'J), 0 imi, 20if (U (S 10 imn 101.' 8000 12000 7000 0000 lanrti 30C0 100 u... IG000 lOfH) 17000 KOOO 1000 2000 1000 Am T & 5000. mm Am T . TCt 6s Amer T & T &s 25000 1 100J lOuO , 10000 . 1000 A T & S V 7010 2 A T & S V gen Is 0000 T7' A T & S V c-U Is 11000 "1 Atl TiSK Ry 4 ltwO ' " All l" I. 1't -0" is 3000 0'i Am Writ Paper Js 1000 8r' Am AK Cliem Cs 1000 9S"J 1000 97B Armour . o 4'4s Ml', SO , 101 i 8 m bO1, ' adj 4s 1000 Ball . 10000 300') 10000 b:-. & 191)00. Bait . 1300U. 2000 20000 8000 Braden 1000 Urll n 1000 B & O 1000 84), Ohio cv . .. 71' Ohio Ohio Mo Pacldo Is 'JC MCO OS V O Te & Mex Ss 2000 . san N Y Dock 4 s 1000. ... CO N Y It & Bos 41,8 2U) 17 N Y N II & II 6s CT00 0 ', 1000 00 1000. 90 1000 . 00 2000 90 1000 90 1000 00 N&W c 6s re tf !d 1)000. 1031, (.000 101 North Pacific 2s 1090 . 50'S 1000 5ft North Pacific 4s 2000 77, NT Y Tele deb 6s . OoOO 99), 101,0. 99 ' 000 99 1000 90 0000 09 One Shun nine (a 1000 . 81', Oreg hhort Line Cs 3000 . . 90", Ptnna gen 4'5 1090 .2'. Penna K II 5s 10000... . 91 19J00 91 Penna Is 1068 3000 100 Pierce Oil of 20 2000 10S', Pierce Oil Ca 1921 1009 104', 4 WO I0P, SHORT INTEREST 5DECLINESFEATURE KEPT ON THE RON: TRADE ON THE CURB Expectation of Extensive For ward Movement Was Only Partially Realized Sudden and Substantial Losses in Recent Favorites Stand ard Oils Higher LABOR OUTLOOK CLEARER & i 23'. 441. 44'i 01. 62 94'i 04 19)i 82 104li ,U)d Cuban AS 249 103 CASpf. 104 1700 CubaCone 33), 0J0 CubaC pf 79. 2800 ContCdy 12 100 DelHudsn 100 400 DenRGr 104 20000 DenROi p 15', 200 DomeM 13), 300 Endlcott p.101.', 100 l.lkllurnK .i;.1, BB&0O i:rle 15'. IS 100 Krie 1 pf 25H 200 Fairbanks 79', 2100 FaP-Udt 99", 100 KedM&Spf .33'. 2100 PisherBdy 021 100 FleherBpf 100 2200 Klsk Rpb 44. 2700 FreeprtT .0 COO GastonW 30J, 1400 QenClgar 82), 0CO Qenlilec 107 15500 Gen Mot 1000 GenMdcb 5-100 Goodrich 900 QtNorpf 1900 GNOre 200 GreeneC 2500 HskftRkr. 100 Illinois C. 3100 Insjilra . . 300 InterCon 1000 InterC'pf 500 InUsCh , 100 IntAgCp. 41 h 05 90E, 20'. til'i 7.''. 78 24), 41', 40) 03 53 04!f 95'. 19'.' 81), - .4 lj), &Ui 95', 205 Gl'i 72'.' 78 .MX 44'i 45U 03 01 91'. 90 . 19' 8t'l 171U 2I9J, 9 2 in 42 J. o-t;. 90 2oh OP. 72!i 78 23.' 441. 14). C2'. 53 91.'. 94.1 19 82.'. 178h lCOij 249,', 219 104H 10-lh 104h .1.1), 32), 3JH 79), Il'a 107 10H 1G 13M 101 30 . ir.'i 26i 78h 100 3-1'i 92'i 100 44H 50), 30'( MJ 79' 12'. 107 IP. 18'. l'lh 10-1 37 h 16)J 20)i 78J, 102h 33'i 0.!i 100 45H 52 31U 822, 1C9 137h 169 .3ii'i 247!, 238 210 80 8031 80 80), 71H "05i liih 76', 89 88), 88), 41 43S. 43'l 41)3 41). 41!, Hl'i 59), 01)i 9-1 91 9-m 62i Olh 02 Gh 8'i 0U 10 18), 1G 25H 25 25H 81 83 83 130 9h IP. 107 171. 13h 101 30. lti!l 20Vi 78h 102), 33'i 9j'i 100 14h OP,' 3i;, 81H n,( Sludcb"-. lOSX 1I3W 109). HI), 3400 .StutzMot 112 117.'. HI S. 200 hupbteel U'i 42 1 r 700 TC&Chem 13),' l.i), i.v, 1t, 1100 TexasCo.,207 203', 2flp. "Oi'i. 20700 TeasPac. 18 03.', 48S r.. 2900 TobProd.. 00J, 97 90) 100 Tol.Prn . 102 inn w.,i ' i!. n.. . -" 'ij lo 1 1 iriinsuil .lU.'i 1(H) TianbAW 07', .JO")! fiilon Pac 126), 100 UnPiii.pf. 70). 100 UnAlloj . .. 52 1400 USCIP... 32 100 UnDrug.. 151 200 UnDlprt. 02U 100 USUxp. , ., 27), 7400 USFood... 78f 400 UnFrult. 5000 USIndAL .,w. rrcnArm ii 1(K) UnRwyln 10,'i 700 UnRInvp. 22'. C0S00 UnRetS... 8S)j 7500 UnnSrts MJ, 8'XJ lTH Hub. 12( 100 USRblp..H3 ft ,,L.L.n .1 .... ..in l -5.-ocn t;i?, 124 SOU UHSteel 000 USSteel 51', .r)8 12". 095. 52)," 32'i 150 52h 27Ji 811 . 184h 185 .129 129;i II)', OS 123.'. 1.9' i 52', 32 150 52 27H TOH 182 9li', 100 0(1'. os 12.11, ll'J', 52 J i 32 150 02K 27H SOU 182 43), WW 24), 00 12 120). 124 111 114 125M 126)f 10h 10H 23 21 8rt', b'J HH 11'.' 124J 114 115 07 B0 07 . 101.'.' 105). 101'. 105V P 114i 1151, 110 US', 2500 UtahCop. HO b0' ..mil va.iarij Bl 81', 100 ValC&C 01 Cl' 10O Wabash. 10 10'. 300 Wabp A 31'.' .) 100 Wells F . 58), 08 100 WestAB 1I1)4 111', 1,0400 West KAM 03!i 55', 2000 WestMd 12' 12JJ 1000 WastPac. 22 22h 200 West Pp. 55 00 100 WesUnTel 8fl, 80),' 400 WheelLE 0'i 9', 3700 WhlteMot 00), f,3), 1070O WlllyO.. 2'. 34 1900 Wilson. So 89), 700 Worth P 73 73'. 100 Worth pB 77 70h 84 80)$ III 10,'i .12 08 80',' 8.1 01 io;. 32 08 HI', llHi 0, 50 llli 54 S0)( 0), 01), 3.1 87 72 70!, Il-'i 22 01 mi (", 1.2', 31 ss 73 7G'j Philadelphia Stochs 831, 42;. 42 co 01 urn 10 25 83 !20O Harster.l32M 1J5) '33 100 IHpfnew.lIoif 118K 118K IWl 18000 IntMerM 57 58)j 67), 57Ji 7100 IntMMpf 116N 118Ji 1171i I1WI 2100 IntNlckel. 2flM 26JI 26h 26?. 4200 IntPaper. 56'-j 58H S7U 58 100 JewelTpf. 00 00 60 60 300 JoneaTea.. 36K 'J7)i 37 37 200 KanCSd 18!t IOH ID 10'i 100 K C So pf 60 60 CO 60 4O00 KellySpT 132 134 1311,' l.M 200 KelSpllPl05 105 105 105 1300 Kennecot. .17 Siii 37H 37li 10400 KeystneT. S1S 71 69H 70 400 LackStl.. 79 81 80 SO), 000 LehlghV , 40 40X 49 40) 100 Llg&MT 210Ji 219J. 2101, o.OJ, 100 UltHP 112 112 112 112 dm Lorlllard .220 222W 221 221 100 MacUayp. 75 74Jf 74)J 74 )f f.90O MazMot.. 47), 51 48 31W 1000 MaxM 1 p. 75 77 74 70Ji 1000 MoxM2p. 36 30)J 30 38" 400 May DpS.. 100 09 00J, OU o87nn MiPet...l88?i 195 ISSli 103 700 MlamlO.,.27 28 27lf 27i 7100 MMvSU.jj 61M o2 JBO jMSUnew,-ij ,? 51), .17 62 17) tllh 040 AmShlp&C 3S 100 AmStores..I32M Low 37 40 BrlllJG 52 B & S pf 5 ConTrNJ 4632 Klechtor .. 250 GenAsph. 106 InCofNA . 150 LakeSuC. 30 IehNav . SO IehlghV. . 878 PRR.. . 45 PaHaltMf. 27 PhlCcupf 766 PhllalJI... 30 PRTtrcfs. 125 TonopBel. SO TonMIn . 114 UOI 030 USSteel 55'i 50 , 85 08 81 30 22 68 ' 49K 44H HDi 34K 25), 25W 3H 3 09 105.'i 32H OO.'i 00 8.r 00)-, 79 30 Ff8 49i 43),' 81)j 34i 25 25H 3 6 3 08i 104 Clou 3S N.t ch,e .'. 32',- 051,' 00 - h M 1 00',- J. 81 -rJ 30 22 - .', I C8 .', 10S .'. 411, ), MM-V.i, 34'( 25 25), U 3511 10 3 08H 104H1.U 0.'. 96'. 91.' i 96', C" M Co it -I'j IX T o3 8". ho It 3',s 51)-, C C C 8. SI Ii 49 3.00 (t' CofWC 4",s of 57 1000 7' , Cent l.c.illitr us 1000 ''' Clies . Ohio 1',s 5000 i- Che"! &. Oh c 4V2S 1 )0O 78 1000 71) Chts &. Ohio i, 5s 0000 S , 0000 8 , Clies S. uhlo us 2000 Chi R I & I' fa 1000 hi 1000 - Chi B &. Q 4l 1'IU'l 95 3000. . 4 91', 0000 . . W, ' CU of Bordeaux Cs I 1000 . . I C'ty of r"arls Gs 1900 90'S I 10000 -9CW 1000 .. 90). 31000 - 9"J 10900. 90' i 1'iUO 90', 9000 90t Chile Copper 63 1000 90 1000 90 12000- 90'. C B . Q Joint 4s 2.000 . 91', 10000 9H 1000. 943, Chi Clt Western 4s 100 57' , 1000 w-: C M S. St P 4s 0 00 IS C M bt P c 4's .000 7' , 18009 . . . 73h 2000 71 .,000 73'i C JI & Kt P fd 4V,s 8000 . 00 C M & St P 5s 5000.. 71 Chi K 5 s 5s 0000 7.V, Chi nitF rfg 4s 3000. . I.S't Col &. South 4a 1C00. . WH Col &. bouth 4' a 1000 ... 78 Chinese Rwy 5s 1000. ... 04 "urn Can Es 1921 5000 98 3 Dom Can Es 1931 1000 90 2000 05 1000 90 Hud S. Man rfg 27000 OS 2000 5SH Hud . Man incms 3000 10'i 20Q0. ... 10), 111 Cent 5Vjs 1000 .. . MJi IU Cent R R Bs 1000. . Wi Interboro Met 'is 3000 31 Int Rap Tran fd .1000 6rPi ,1000 .... 60H Japan 2d gs 1000. ... 81 K C Ft S & M 2000 i H5M), Kansas CltyTer 4s OOOu 73h 1000 .. 7,1 I'aji C & S R Ss 1090 . , .-.2J, Liggett & Myers Ts 0000 . ...112!, LonK Dock 6s 3000... 1CSJ, Louis & Nash 4s 1000 ... 83 Manhattan Kiev 6s 1000 2000 10000. O'JOO St 1. & IOO11O . 0000 1000 1000 10001). . 10000 . . St L, & S 10000.. . 7000... 0090. . 0000. . . 10000. 2000. St L A. S V 01OO 1000 0000 100. 0000. .1000 2000 s, u & s 1 104 lOPi 104, . 101'. ' adj . ar. os, . 03', . 03), ,. at . 01 r lnc 60', . 00', 60), . 00 . 00 . 00 4s er A . . OSk- osw OS OS',, . 0SI os 1, os', 3s er B 1 11000 hc.ibiil Air Line aj 2000 1 1 3000 . .. tl Scabrd A'r Lino Id 0000 South Bell 1000 So Pao In 10000 lOuO 0000 So Pao fd 1000 1000 So Pao ct 5000 ... 1000. 1000 2000 lOOi bo Pac 43 1000 ... 1000. bouth Rail 4s 1000.. . 01) So I'ac clt Es Tel . 85'. . 00), 00'. .. 00 . B77 4s .. STi . 8D1 . 81 . 83 83' i . 70". ?1 1000.. 0000.. 1 1000 . 10000. 1000.. 10000 . 10090.. 1000 . 1000.. 1000. 1000 . 100. 1000.. 5000.. 1000. 1000.. . 100'i ..105't . . 105'-, . lOO't ..105 ..105 . . 100 105U .105X . 105 ..101'. ..105 ..105'. ..1001, .105 .105 Southern Rwy 6s 1000 ... 8).', Texas Co CM Cs 2000 102'. ' 10J0 .. .-102' 1000 102'i L'nlon Pacific fd 5000- .-7(. 20000 70', 1000 Tfijj Union Paclftc cv 1000 81). 3000.. . 84), Union Paclfla 4s 3000 86'i United King '19 1000 99 15 1000 99,'. 6000 09 15 1000 09,' U K of G B & I '21 98 'If.', 98. & I 9000. 1000. 2000 U K of G B 5s 1137 1000 3000 2000 2000 1000 10 0 1 00.. 1000 1000. U s Rubber Gs 1000.. SO'i 3000 80). 200k. SO). 6000. . S3'. 1000.. . 87) 10O00 . 8G U S of Mexico 4s 1000 . 19 U S Steel 5s 1000 ...100 1000 100 00'. 95 . 95' , 90', 05'. 95'. 953, 1W, 05:4 New Wli. Sept, 2. The .New oik Hvenlng Suu, in Its closing hnnnunl reie tniln), says: The expectation, quite generally cntcrtnlneil tn Wnll street last week for nu extensive for wnnl moetucut In security pi lees weie onh partlnll) lcnlirrd in toilaj'H stock mnrket. The list wns Indeed strong from the opening, nnd trading was in lmgrr vol ume tlnin in recent sessions, but there was little nbnut it all which Indicated tinv fuuilanientnl change in the market position itself or unusual influx of bin ing ortlirs save from the still hard pressed shorts who linvrt been scerelv punished of late. Many of these w.cre foned to uner totlaj because of actual I1n11r1ti.1l distress. Commission houses were tather live Her. nt least in aspect, than was the case last week, when the market wns facing a tiiplc liolulnj, but it was not pt nil clear that this clniimstnncc wns translated into tin; m.iteiuil expansion 111 business, bo far 11s the public was 1 onierneil. Kverj item of news oei the pro longed week-end left the shorts lets nud less to hope for when finding should be icsiimed tocln; , and they were, in consequence, prepnied to cover at the beginning with what advantage the) might. The need of the thorts being so obvious' (o all. there was no pitrtiiuliir nni. iet in un.v quarter to offer stocks, .mil the supplj wus iiciordinglj re stricted. .Sentiment was wonderfully improved, good as it was when the market closed on Pnihi). If the labor leaders can 'control the more unheal elements within ! the ranks for a period of six months, I as the) hope to do, or until the AVash I uiRton gov eminent hns hud ninplc op- portiinit.v to slum what it can do in the fond cost question, the labor problem will have solved Itself. If the tr of llio hight tost of living should prove mil n pretext to cover revolutiornr) piopagamlu, as some profess to believe, 1 the street feels that the bulk of hard-' headed Amerienn vvorkiugincn will know instinctive!) wluit couisc to follow. It will take time to bring the public back into the market in force, as ner vousness engendered through weeks of apprehension mumit be allajctl in 11 cIj.v. 'Much is expeited from the conference vvhlc.11 the I'residint has prnniisul to cull when be returns from his tour of the Countr.v nt the end of the month. In the vvn.v of bringing capital nnd labor into a closei understanding, particularly with rbspeet to the wage matter. A constructive devclopmeut of the du.v was the final reporting of the Cum mins railroad bill by the Interstate Commerce committee of the Senate. All features of the bill may not be accept able but it is a step tending to give the final shelving process to the Plumb plnn and to bring the hour neaier when the railroads can be rcturnid to their own ers. finins in the industrial list ratified from 1 to 10 points or more in extreme cases. The motors and oils were the leaders, closely followed up b) the ship ping, leathers nnd equipment, fiencral Motors, American International, Hnil wav Steel Spring nnd American Hide and I eathet common and picferred Ntumjing out conspicuousl.v. Steel crossed 10". more than making up its dividend Crucible Steel ran up about 10 points, and (ieneral Motors II points to above 247. Hnils were rather neg lected but lirni. There wns no change in monev rates. 5 hall loans; ruling at 0 per cent. As was anticipated, the excess reserve Item was ristored in the bank statement on Sat urday The increase wns $33,840,000, thus bringing the surplus to S33.03G 470, against the previous week's small deficit of some 5813,000. Heserve of member banks in the Federal Heserve ltank wns inercuscd b) ?.18,.133,000. Hercules Powder Declares Extra The licit iilca Powder Company has deelured u regularr quarterly dividend of 2 pei tent and an extra of 2 per cent on the common stock, both p.ijnble Sep tember 20 to stock of record Septcin bcr lf. SAV0LD STOCKS WEAK New Yorli, Sept. '-'. The Bionil Street Curb showed u lagged appeal- nine in today's trading, the chief fea tures, after the mnrket had progressed short time,' being sudden nnd sub stantial losses in stocks which Ifad re centkv claimed a good deal of attention in conservative circles. One of the features wns the develop ment of weakiicss in New York Ship building, which, around mldcla.v, broke from 00 to do 011 a few small transactions. The Savold stocks were also ,wcak, Snvold Tire falling to 33. American Ship and Commerce was strong in the earlv trading, selling at SS',, but later )ielded to "'Vi. There was heavy trading in Coca Cola, about 20,000 shares changing bands nt 40 to .".0. International Petroleum wns one of the strong fentuies, selling at 31V to 32 nnd Cosden Oil was in good demand, advancing to a ()',,'. Aetna l,xptolvcs wns stend) at 10',. Submarine Iloat sold nt 15 to lfi',! and American Mnicoui wns tradic! in nt 5'', ond 5. IMllSTRIALs Did Aetna I.xplosivci lo Am Brit Mfe . 2 Am Micniu OS. Am VVrltins Parrr 1J Atr llfductloti . . 57 Canadian car to. .1 can 1 at A Ku pre! 80 iurlsin Mccl . .110 C arisen lnnl ... .1 Chalmers Molnra . . fi'4 I'nevroet Motor . ..210 Cramp ..160 Curllss Acrnplano .... 8 1 merson rnunoigrann c,1, Hall Hlcnal . . .7 Hlpp Motor . . II3, Intpr Products ... ID Inter Hultlfr ... 21 1 ul 1 Torp 1I0 Hont . . s l.cliltli 1 mil Salt a ,. SS l.lbbs. Atc A l.tbbs J", lima Ixicorrotlvo SS Vlartln Vatt 27 S 1 Shipbuilding .. r.7 North Amer Ikp Pulp 4'. litis l.Uvator . 10". IVerlrsa Motor 4.1 Perfection 1 A n . 1', I'hlllp Morris 11 Poole KriK an Si-void .N .27 Savo'd Ohio 23 tcrlppd Booth .. 3D Stnndird Motors .. S Mo Vllom ....... . 4 Submarine iloat . . 14V., Mwllt International nil Tndil Shipbuilding . 13S iriitngic i um ... , 's United Motors ' 4 United Profit Sharing 2. World Film . . i Wright-Martin Air 4'4 .1VI Ark in n t; H B 4.-, lllll lin 7 II .100 lllll 11 li 11H 8 -'J'j I. DO L7 nt ID (II) 4', 110 in I'. U no an 2 50 7 111 r,w 140 t ,"lll a'. r,(. cloio (sale) 10' 'r.. 14 DS'4 11V 15 142. 8TAMIARIJ Oil, STOCKS 177 183 Illinois . . . . Ohio . . . 3110 I'ralrie Pipe .. .. .'.78 S O of I al . . 'JOO M O of N T .. . . 78 S O it ,'! T 285 1NDI'I'EME.ST Allen Oil Boston Wjo Oil ... . Cosden St Co Elk llasln Inter 1 etrol . Irlantl Oil & T . . UlenrocU OU Houston Oil Merrltt Oil , Met retrol Midwest Oil . Ohio Fuel Omar Oil & Oas . Sapulpa. rtef . . . Hequoyah ... Mrulnlr Sinclair Gulf Sou, hvi est Oil . . United Oil Ictorla Oil (new stocK) Shell Transport Brazos Oil Homo OU .. 170 2SI1 .100 R(l 303 oils 171 23 51 7 ' 57 23 18 5 lo'i v 3J :, nr. 21 2S 17(1 27 J ' ns'i r.svi 27. 2? (WV4 28 fill 10 at ,osW 170 60 r.7' R7'i AlOflrva R Birr Lerlze Uutte .Npw Tork Hoston foTlt . C V Si tt Jerome Ton Ariz . First National , Uoldflelrt Cons Uoldnpld ITorciKf OolJflcld Kewanas (loMileM Mervcr . Oreen Monster Hpcla Mlnltif? . Howe f ound Independcnte I eati Jim It u tier Jumbo Extension . McKlnley UarraKh Marma Copper Mlnts Co of America National Tin Nevada Hills Nevada 'Wonder NlpUitntr Hay Herculs . . . . San Toy Tonopah Extension . United Verde ... West End Con ... Unite Caps MINING 8TOCKS CM.. . U 7 i i. 15 4.' .1 h 30 10 . no 3 to'4 2'4 17 l't 17 02 5 : 4 4's 1 31 12 (IV 4TM A 6 10 10V. nn.Nns Amn Ship and Commrce 174 Ctnden Oil t-osden Co lis Russian Oovernment 5Vj s Husstan Government 6Vae Coca Cola , Pressman Tire , Sucets of Ama . . . 101 Ml 41 411 3 5 12V4 4000 200. 2000.. 1000 . 4000 . 1000. 1000.. 3000 . 2000 . 6000 1000 3000 . 100 oir . . or. 100 ..100 .. 90.' . 100 . UO'i .100 ..100 ,.100' 09J Net change made by 8 to. comparison with last .alt on New York Stoik Kxchange. BONDS Sales in xt 11000 High tow Close ehg. 2 Am Gas & E t( RO.'f SOJf SflK 500Ele&PeoTr4 08 (18 CS 26 Itkefiup Ino 5b 70 70 70 lh 1 I.ehV6'2! 101 H lOJSi 101J,' 1 LehValVoal Eg 100H 100y 100.U ii 2Ubnds3d4U.Ol 00 94 00 94 Uflf04 llLlbBd4th4W03 I!0 93 2C 03 ,1012 1 Victory li ...90 60 09 60 09 6010 7 Fenna gen is 91,'i OUf 91H- H 1 PhllaCocon5. 80 80 tt) 6 PhllaEl lVa. , 94 04 04-lf$ 5 Reading een4s, 81 Rl( SlU I Ur.nwynf.c4s. 65 65 M t-J 8 UnRwy'nY5i,.76 75 7ft - Jj Pfia it. .1000 90 1000 G?i 14000..... 9 H 0000.,... 97 3000 96"i 20u0 07 HOOO 6, 2000 8Wf 1000 07 4000 OO'i Mon Power is 1000...... 90J Mo Kan & Tex fd 16000 " Mo Kan & Tex 4b 2000 M( Mo Pacific gen t 1000 f8W 1000...... 68J 1000 .-,- 185( 1000.-... 6H TtlDAY'S KANOB IN IJI1KRTV DO.M13 olM 0 lAltrtu Bonds (ii . BtHh Kx ehanm carry 4nfrret t tfat. ft fait. Tftf jeller tetivet that ,lf. ocUilfon lo the of Pri" ot "" 'a- V High Low 1 15 Liberty 3149 00.08 09.04 00.04 Liberty Jst 4s 04.40 04.20 04.40 Went Shore R R 4a 1000 70'i Wilson Co cv 1000 100 2000 97( 4000... . 07Ji 1000,..,... 07 26000...... 97J 2000 97H 1000s 07 2000. . 07', aooo.. .. 07, Liberty 2d 4s Liberty 1st, 44b Uberty 2tl 4 . Liberty 3d 44, LVberiy ithAs 02.82 02.00 02.82 04-tjO 0130 04. CO 02.00 02,84 02.00 040, lfi.80 04.00 03,34 03.1S 03.50 ' VMtwy 3t ,.. OO.nS 00.52 0,02 Chart Your Credit Loss Exposure Would it not be a tremendous asset if you could know precisely the nor mal insolvency loss resulting from sales of any volume for your particular house? Think of the uncertainty eliminated the worry saved the credit losses prevented. Such data, 013 an accurate, scientific basis the culmination of credit insurance experi ence is made available to you for your house by The American Company. Whatever the size or nature of your manu facturing or jobbing business, don't fail to v get the entire story of this achievement in Credit Insurance An inquiry will bring the full particulars without obligation. AMERICAN CREDIT-INDEMNITY CO. or NEW YORK E.M.TREAT. president, t W. J. MOlll'lty, Mgr, J. V. McFABDEN, Oefc. Agt. ' MUTUAL L1PE OF A'. Y. 1)1.1)0. ritlLADKLI'HIA, 0? A. pliilne, rilbtrt S0S ' ' ELECTRIC STORAGE PEG NEARER THE TOP NOTCH Encouraging Showing Made by the Lake Superior Corporation in Annual 'Report Local Trading Light Hie operations in the local market upatt from Klrctric Storage llnttery tp of unall dimensions. Wlint Hie market lacked In bicadth, however, it more than made up strength. The Initial prices nnd those Immediate!) follow Ing tvere, ns 11 rule, established on n frnctionally higher basN. Trading, however, was retarded bj the spectac ular movements in the Ittrger mnrket. As in the recent preceding esiqns interest centered in Mcctrle Storage Ilattery. There was n renewed urgent demand for that favorite in the first hour qf the trailing cnrrlm; the price up a point to OS. The full gain was not held. On much smaller denlings Amerienn Ship advanced V, to .1.8: Philadelphia Llcctric was 'H better while United tins Improvement wns 4 point higher. Pennsylvania Unilrond was in better intjuirj tit a gain of . Considering the buojancy of I'nltcd States Steel on the Xcvv York Slock nxchange, the transactions here vve.e relntlrelv omnll The price, however, was kept in close pnrity with the tig exchange. General Asphnlt on small dealings around noou advanced 3 points. The publication of the annual report on the Lake Superior Corporation failed to stimulate interest in Unit stock. There was no trtntling in the stock until the afternoon, then on tnodcrntc offer ings the price jieldcd Vi J'liorc was a crumb of comfort for the stockholders to be found in the re marks made bv Wilfred II, Cunning ham, the president rjf the company, in his annual report regarding the results of the work ot the committee which visited Loudon to confer with British interests in connection with the pro posed plan of , hottllng the obligations of tho Lake Superior Corporation under its guarantee of the pajment of the principal and interest of the bonds of tlc Algoma Central Hallway nnd tlicf Algoma Central Terminals companies". Concerning the efforts of the commit tee, Mr. Cunningham says : "The cohi) mtttcc stntcs that a tentative agree ment has been reached, but certain contingent details must be arranged in order to make the plan effective, nn'd which will require time for prepara tion." Some encouragement was alv to be found in the annual report, in that the statement showed further progress " made under the new management. s it Xet earnings of the corporation for the year ended June 30, 101 1), vvci 5ii,441 iii7G, compared with 3.0,ri51,4i0 in 1018. After nil charges for depre ciation and other deductions there wa ny surplus of $1,080,388 compared with JUC.S.LU'l for the preceding year. The income account of the year shows' net of $1,111,107, from which was charged off for depreciation $500,000, for interest due on Income bonds $150, ' 000 and loss on St. Marj's Itailroad bonds $20,000, n total of $070,000, leaving a balance to be carried forward of $441,100. The Algoma Steel Corporation, (he Inrgest and best-paying asset of the Lake Superior Corporation, reports iiet earnings for the year of $3,0oo,0.".'J. This cbmpanj paid to the Lake Superior Company a dividend of 10V4 per cent ' on the lattcr's holdings of preferred j stock in the Algoma Corporation, which totaled $1,050,000, on account of back" dividends. After pajment of this divi dend nnd other charges a balance of Sl.433,87." was carried forward. nvuiinM I Old-established direct connections with . 1 every banking centre in the world enable I THE J FOURTH STREET NATIONAL BANK 131-145 South Fourth Street to render unexcelled facilities to importers and exporters, particularly those engaged in trade with LATIN AMERICA INQUIRIES INVITED Capital, Surplus and Profits over $10,000,000 jEaniiJ.iiiiJlJKtiniUinrTmjumiijniiRiirrciiiiiiiJiJinniiniiirjr.iiiijiJ iiiru.iinii.TinTrj'TSJmnTrifTni.raiiiimnnTik-roncnujiiiimi nnfniqjinTnnjn!!;ffnimD: A. N unusual investment opportunity is presented in the 3-Year 7 Convertible Notes of a well-established corporation, which occupie's a particularly strategic position in its field, with a constant ly growing demand for its products. The security behind this issue is nearly 3 times the amount of notes offered, while the combined plants have an indicated earning power equivalent to ten times the interest requirements. We can supply a limited amount of these Notes, subject to prior sale, ac a price to yield about 8, Senti for descriptive folder P, P. L?3i5" HCOSAtfJ ' North American Building PHILADELPHIA BOSTON SrfUNOFlELD mOVIDENCl . . lk '1V WH VlaWJ xoran.tt ' i if w. j. sr ! i .. i O t. f. r i ii (i j fl f m i.
Significant historical Pennsylvania newspapers