:x V v" EVENING PUBLIC LEPaER-PHILATDELPHIA, TUESDAY, SEPTEMBER A2, 1919 ifc V -v' w V ' V fipniee J48 Hoes 25M Canadian Municipal Bends Bought Sold Quoted FINCKE, BANGERT & CO. Franklin (lank Itldr.. Philadelphia HOSTON NBW VOHK Financial Brief s FINANCIAt. National Conduit & Cable Company, Inc. First Jlortiaie , Ten-Year Btnklnr Fund Gold Honda. Pursuant to Article V nf the morteate securing; the aboe described bonds o( the Ne ttcnal Conduit ft Cable Company, Inc., and cUttd April 1. 1017, Bankers Trust Com pany, as Trustee thereunder, hereby alvea notice to the holders of the nhoe described bonda of Ite Intention to apply the moneys required to be palrl.on or before September SO. 1910. to thn sinking- Fund provided under such Article V, In the manner hereinafter described, and accordingly Invltea offerlnes rpr the sale m October 1, 1019, to the Na- i tlonal Conduit ft. Cable Company. Inc., for fMSlnktni, Fun'l ' uch First Mortrate i 6 Ten-Tttr Sinking- Fund Oold Bonds, at prices not exceeding 105 of their par value, and Interest lns accrued to October 1, 1D10. All offerings made In response to this notice siall state the face nmount of Bonds offered for sale and the price at which such bonda are offered, and shall be algncd by the holders thereof, and shall be made subject' to the right of the undersigned to accept all or i pars or none n ine Donas oneria. ah offerings must be made to the undersigned. Inclosed In sealed envelopes and must bo re ceived by the undersigned at Us TVlst De Urtment. No. in Wall street. New York clty.vbefore the close of business on Sep tember 8. 1010. From the bonds offered In response tc this notice the undersigned, on fcehalf of the said National Conduit ft Cable Company. Inc., wilt accept such bonds as offered at lowest prices, not exceeding said 103 and Interest accrued 10.1 to Oc tober 1, 1010. to an amount sufficient to exhaust, aa nearly as may be. the aggregate ' funds available for that purpose, as here inafter stated. .ru,r5,uant te ad mortgage the sum of T I82.B00 Is payable by the National Conduit CfWs Company. Inc.. to the undersigned ; Trustee on or before September HO. 1U10 '7 'ho purposes of the offerings herein In- .I" .""" undersigned aa Trustee will send notice forth vlth of such acceptances to all bondholders whose offerings have been ac cepted, and the bonds so accepti-d will there upon become payabl, pursuant to the ac ceptance thereof, at the said office of the tmderslgned. on October 1. 1010 and should be accompanied by appropriate Federal In come Tax Certificates In respect pf the ac crued Interest, Dated at New York, this 20th day of Aurust. 1010. BANKERS TtlUST COMPANY. Trustee By If F. -Wilson. Jr.. Vice Prenldent! The New York Bubtrenury gained $00,000 from the banks on Saturday, fluking a cash net gain of $1,887,000. Augustwas surely n profitable month for the stock brokers. The transactions on the New York Stock Exchange for the month totaled 24,130,092 Miarrs. This was the second largest turnover for an "August In the history of the big exchange. The record August was es tablished in 1000, when 31,723.510 shares were traded. I.nBt4 month's total of 2-1,130,002, while a decrease of 10, 034,100 shares from the total of July, was an Increase of 17,271, SS0 shares compared with the corresponding month last year. " The Trust Company of Georgia an nounced that, the following have been elected directors of the Coca-Cola Com pany: AV. C. Bradley,- president Eagle Phoenix Mills, Columbus, Oa. ; C. II. Candler, president the Coca-Cola Com pany; S. C. Dobbs. Tlce president the Corn-Coin Company : Harold Illrsch. attorney; fouls K, Liggett, president The business tendencies that affect profit and loss United- Drug Company; W. B. Mc Cmy, general manager the Procter & Orfmble Company; .1. II. Nunnally, president Nunnally Company (esndy manufacturers. Atlauta, Oa.; B. W. Stetson, vice president Guaranty Trust Company; E. V. It. Thayer, president Qhase National Bank, and E. Wood ruff, president of the Trust Company of Georgia, Atlanta, Ga. Four addi tional directors are to be elected, and BANK, LOANS EXPAND Excess Reserve of Local Clearing House Institutions Reduced to $2,866,000 Expansion of $5,603,000 In loans and discounts by local Clearing House In stltutlons was shown lu tbc weekly Philadelphia Bank statement today :icu, unu rri,i . i i... i... . r ti. announcement thereof is expected to be Xl.l. l Zil . iZTZnZ f til Off at ohnetl ..-. . ..... "uu"ri ... .-. EVENING-UP ORDERS SEND COTTON HIGHER Prices Advance 1 1 to 21 Points on Limitod Trade Pres sure Lacking ' these are shown clearly in every issue of ' THE ANNALIST. How are stocks and bonds fluctuating? What is the trond of basic commodity prices? What' business legislation is pending? the answers to these ana many similar questions are concisely and authorita tively reported in every issue of- THE k , ANNALIST. To business men, bankers and others whose business interests are large enough to be affected by national con ditions, THE ANNALIST" reports and ' articles are invaluable. Leading- Contents xf or issue just out Arcordlng to the statement issued by I'lilllp C. BeVg, state bank superin tendent, the total resources of the Ohio state bonks; for the first llmo In their history, have gone beyond, the billion dollar mark. The combined resources aro given as $1,101,115,825. a gain of approximately $083,000,000' in ten years. Ellas B. .Tones has been elected vice president of Powell, (iarard & Co. and will, be In rhargc of eastern territory, with headquarters at 415 North Ameri can Building. the continued active demond for loan able funds. Individual depolts nlo Increased $5,713,000, while bnuk de posits fell off $4,713,000. the latter showing the return flow of funds to the interior. Tho excess reserve above legnl requirements was reduced $1,52S,000, to $2,880,000. Excess reserve in the same week last ,iear was $3,407,000. Comparisons follow: AUU MEMnERO Sept. 1, 'Hi Ixns . ... $810,009,000 Exeh. Clear. House 23,203.0011 Due from banks . on.o83.ooo Hank deposits - 13.OJ7.0I,0 Individ deposits . MR.3TS.fslO Time dposlts . . . n,Olr.0(XI lies, with F n. n lejfal depositories Jlfl, 723,000 CSsh in vaults 14.O-J4.00O Totsl reserve held. .7..VI1.000 COTTON nr.LT WEATHEn CONDITIONS NW Aork, Sept 2. "Mie fnlloln tem peratures were recorded In the cotton belt this morning;: Memphis. Hhreveport and rhattanoora. 10, Little nk and Thomas Mile. (1(1. and Jacksonville. 72; Precipita tions ThomasMlle, no. Jacksonville, ."2. New York, Sept. 2. While early trade on the cotton exchange was lim ited, owing to the near approach of the crop report, there was little prexstire and first prices advanced 11 to 21 points, mainly on evenlng-up orders, The stbek Ht committee of the 1'hil adelphia exchange today admitted to the rt?,Vr ""JoVed?' mImVooS unlisted department of tho exchange Excess resene . 2.8WI.000 r "i rw . .. i. . . tRmirrin ni-pnvp bvb1 Commercial Trust Company receipts, full paid and 20 per cent paid. 027. 0OO n.ono 047,000 SKl.OOO I Mx.noo .MEMIir.IlS RESEnVE SYSTEM Itesene held . . . $34,413,001 I'-Mn.OOO Excess resere 2.R30.0OO K24.OO0 Tltt'ST rOMPASIKS NUT ME-MPEItS IlESEHVE SYSTEM i Reserve held . .. $3,140,000 J;707.00O Ul") (IM.1FUU ooslts abnxe there wero this week $2.rt.t!03.000 soernment de posits against which no resene la r.iulred. is 3 noo l 1' l.4fl2.(Hio j due to improved labor condltious and further reports of rains in the belt. After the opening, trade continued quiet with prices at the end of tlie first fifteep minutes about 15 points higher than fridoy's close. 1 30 (l.'JS.V.OOil 4.713 con .-..702.OO0 R4.O0O HAI.R COr, COMPANY t Loican Trust Conipanr of I'hllndelohU, Trustee for Hale Coal Company First Mort- "; Twelve-Tear Six Per Cent 8!nkln Fund Y"u .tuiiuB. niviirs penico proposals ad-1 -,. .. f . r rr nr t . Sln"v,wifto ,rne(Sl1nn't7un,1 "'c Co",c'm- Transactions on Out-of-Town Markets of Thirteen thousand and fortv.three Dol lara and seventy-fle cents ($1X043.73). t a price not exceeding One Hundred and two and accrued Interest, at Its office 1431 Chestnut St.. PhlladHnhi,, pa on or be fore September IB, Ml!). LOOAN TRUST COMIUNT OF THILA--DEf.rHfA. Trustee. "JOHN II. WOOD. Secretary. ff53r NOTICK. A SPECIAL. MKirriNU 7T1. ",' I'1 shareholders of the Lebanon ynlle Pnrlnxs Loan Association nf Phlla rtelpbla will bt held at Its nmce. 403 Drexel EP'rsf' tI3llll,"!.'".,on. Tiiesflajf, Senlem ber 0th. 1010. at 3-30. for the purpose of actlntr on a resolution chancing the iloml. cllary office of the Asspelatlon from Phlladel phla. Pennsylvania, to rhester. Pennsyl vania. V. 12, 8TEVEN8. fleeretarv Proposal I'IKll'OSALS FOR TIIK PURCHASE OF t 6C1IOOL ItONDS On NtnftmlMp 4th. 1Q1D. nt K n. m . in h Board Room ct the Moorestown High School, northpmit corner of lid and Church ate., Mooreitown. Cheater township. New Jersey, lhe Uoard of Education of Chester township. In the county of Burlington will receive and open sealed proposals for4he purchase of the following- bonds of the School Dis trict of Cheater tounshlpi 1'irst Ser,f $12,800.00: Thlrtvtwo Cou pon IJonda, in the denomination of four nun drd dollkrs each, maturing serially Mthln J four years from the first day of September, 1010. eight of said bunds becoming due and payable each ear. The rate of Interest Is four and tnree-quarters per cent, puyable semiannually on the first days of Septem ber and March, at the Burllnxton County Trust Company. Moorestoun, New Jersey. Kecnnd Herlf S8..MM).00i On- HuntirM and Seventy-seven Coupon Bonda. In the denomination of five hundred do lars each, maturing; serially within thirty years" from September 15. 1010, not leas thai? Ave nor more ma seen or said bonds bfcnmltic; t due and payable each year. The rate of I Interest U four and three-nuartera per cent I payable semiannually on the fifteenth da of September and March, at the Mooreitow i Trust CoiTpany, Moorestown, New Jersey. . Third Herlea $1,200.00: Twelve Coupon ! Bonds, In the denomination of one hundred dollars each, maturing serially within thir teen years from the first day of October. I 1010. one of said Bonds becoming due and I payaDifl eacn year arter the nrat year. The rate of Interest Is four and three-quarters per cent, payable semiannually on the Hrst days of October and April, at the Burllncton Catnty Trust Company, Mooreatown, Ntw Jersey. Each of the series of bonds above de scribed Is for school rurpn en and has been authorized by th voters of the School Dis trict of Chester township In the county of Burtlnvton. The snled nvelnpe containing the tirnno aa) should be addressed to the Board of Edu- fssstlnn nf f!hater taunshln In tht rnnntv nt Burllnston Moorestown. New Jersey, and ' should bear a designation of the series of I bonds referred to In the proposll Inclosed. I None of the bonas may be sold ut ls lhan par. The board reserves the right to reject all proposals. t By order of the Board of Educatloln of Chester township. GEORGE H. PLUM. District Clerk. What Federal Operation has done to the Railroads Need for High Prices Refuted by our Great Food Supply Full Co-operation is Needed to Avert a CoalFamine Railroad Labor Crisis 'Believed to be Temporarily Averted License Feature in the Dye Bill Arouses Controversy Hope United States Will Aid Coming Big Canadian Loan - $4.00 a year by mail 10 centsttit news stands Just Out The Annalist r Published by The New York Times Company, Times Square, New York - Thf nverniro nrfpp nf twenty rtctlvp industrials advanced J .74 per cent on Kxcess resins'.!' ' in! Friday to. 104.75. uhllc the twenty I "Smon 1. the deno. unirnuus nuvnncfd ". per cent to 81.21. The Tonopah ore shipments for the week were: Tonopnli SUning. 000 tons; Wet Knil. 200 tons : Heseue. 2 tons : naiitax. liTonswIini Butler. ". tons; Tonopah Divide, 240 tons; Divide Ex tension, 2.1 tonsi, mid MneXamnra, 120 tons. innkinK the total produetion for my ni-i-K o.ni ion, tnc estimated value DeinR $.1,1,420. The Tidewater Oil Company reports for Mx months ended June 30, surplus after federal taxes and charces of $,"(, Ih'i'.riSR equal to $17,114 n xhare on ?.Tl.0S7.0SX cnpiml stoek nRaiii.st net of ?.-,tl7U,241 or $11.20 it share in the same period a year ngo. NEW YORK COFFEE MARKET New York, Sept. 2. The mni-ftet for coffee futures opened at declines of 20 to 2." point: due to the weaker de velopments in the primiry markets over the week-end today. llight after the call prices made fur ther declines,, catching stop losso, De cember Roins to 17.."0e und Jlnrcii to 17.4,"c, or a.V points below tho close on Friday, thjs solns Into now low ground for the inovenient. Prices have now declined about fiUe from the top, nnd in view' of tho fact that 'llio coffee has not followed iu the same ratio leads Mime ,to believe mat an n chance might easilj occur. At the same time the unsettled con ditions in Itra7.il over the holldajs nnd general weakness shown there, coupled with the tine weather and normal tem peratures in Sao I'aulo, hae lirotir ojctl some of the bulls and considerable of the long lines lime come out. The Annalist, Times Square, New Yofk. Kindly send me a sample copy. Name. Address. f j ?i 0 SEALED PROPOSALS WII.I. nK RETKIT- ed by the nulldlng Committee nt the Mate nosplts.1 far the limine at NnrrHtonii, r., until 3 o'clock r. m.. Heptember 17, 1019, for furnishing; all the lbbor and material re quired for the erection and completion of an -Annex DuUdlna to the Mule Nurses' Home In accordance with the dranlp-s and speci fications prepared by IlArry Gordon MeMur trie, architect, 101S Walnut street. Phila delphia. Plans and specifications ore on flte et the office of the steward. Mr. Oscar U Schwarts. at the hospital, and at the office of the architect, where they may bo t.een between the hours, of 0 a. m. and .1 p m. up to the time of receiWns: the proposals. Prospecthe bidders who so desire msy se cure a set of the blueprints and speclfl- ratlnn. rnnti snnllcatlon in the architect and by denosltlnc a check payable to him In 1 the amount of fifteen dollars. Upon the return to the architect of the blueprints and specifications this check, or Its equivalent, will be refunded to the depositor. j Each bidder shall furnish with the pro-, I posat certified check or satisfactory bond tor in amount equal .to 5 per eent of his, proposal to ituarantec that the successful , bidder will enter Into a format contract In ' case of the acceptance of tho proposal 1 For information as to the location of this work apply to Mr. Oscar L,. Schwartz, steward, at the Stnto Hospital for the In sane. Norrlstown. Pa. , Should the bidders desire any Information , retarding: the drawings and specifications , .v.. urnric reoulred thereby It shall be re- ouaated of the architect In writing and bul letins shall be Issued by the architect to all bidders to be attached to and become mm of the specifications. Verbal ex Sanations or information will In no wise be klndln upon the buildin committee, steward hMdara or the architect. ine duhuih '"-" :;i ' ...... n retect any and alt bids. -f DJ.7. ..e.ived after the t me aboe men- .in.d that they shall be due shall not be ....... Mered. nV-FICB OF TIIK rO'RTRIICTINO QITAR "'iir.iVSi. U. S.. Mldvale Gun PlanL niretown. rhlla,. Pa, Sealed proposals will ?. received at thla olflce until 12 o'clock Snoni Peptember 2. 1010, and then opened ?i? complete construction of the Nnlshlna inaehtne shop, heat treatment bulldlm and i.tfvard runway. Plans and .speculations , JilVv be obtained at the office of Construct. iSr Quartermaster. U. S. Naval Gun Plant. . wieetown. Phlla.. Pa, I PBOFOSA'LS FOR OASOLINE. OILS ANII OREASES Raw itaterlals Division. Office nirector of Putchase. Munitions Bulldlnc. Washtniton. p. C. Sealed proposals will be received here for furnlshlns gasoline, kero line fuel oil, lubrlcatlnc oils and rrsasea -I...1.U1 hv the Army durlna- October. No. limber and December, 1010. until 10 a. m., KpUmbef 1Mb. 101B. Instead of September "d as previously stated. Further informi,- flo'n m application. - n " PROPOSALS FUR SERVICE CAPS ,0fn-4 Director of Purchase (C. & K. Dlv.. Purchasinar and Contracts Section). Muni tions sulldlnr. Waahlnrton. D. C. Seastd Proposals. In triplicate, will be received at above office until 11:00 a, m., September lAT 1010. for turnlshlnx 450.408 Service Caps.' Proposals must pear guaranty or 10 l, ri UNITED STATES GOVERNMENT LIBERTY AND VICTORY LOAN BONDS We buy and sell Liberty Loan and Victory Loan Bonds on commission at current market prices. 0 Denominations $50, $100, $500, $1000,. Edward B. Smith &Co Established 1892. BANKERS Members New York and Philadelphia Stoek Exchanges PHILADELPHIA ' NEW YORK 1411 Chestnut Street 30 Pine Street ALLENTOWN Allentown National Bank Bldo. NEW LONDON EASTO 232 State Street - 1st National Bank Bldo. BANK CLEARINGS GROW Turnover of Checks Through Local Clearing House 3.03 Per Cent Larger The continued Riowtli of busiursf i clrnrly reflected in the Philadelphia bank clearings for August. The total turnover for the month showed an in crease of J.'iCl.ti'Ji.'.WX) over the same month last jear, or n net gain of 3.03 per cent. This brought the totnl for the first eight months of the calendar year up to $lH.nUT.T08,0.i(l. nn increase over the corresponding period last year of $1,301 ,R7J ,01)1), or 0.40 per cent. The total turnover checks through the Philadelphia Clearing House for (he month wa $1,700,301.11", compared with ?1.734,03S,0S'J in August last ear: $1 .308,48.-1,584 in 1017 and$!K)S, 40,10(1 in 1010. The following table shows the clear ings by months during the present calendar year compared with those of 1018. Jnnuarv February .March .. April ... M.iy Juno Julr Aiurust . Total 1019 11. 832.170.231 . l'iT.llS.lUL" l.T.M.SMI.SSa 1.HHK.3S0.IM17 1.7L'(t..1(17.113 1 s.-(i,4l,010 . 1 U33.40.Hf.H 1.71)9.301.117 1018 ll.M2.8-.'7.(ll 1 2-J3. 301.118 1 -l.V.!7.17.-.r.37 1..17ll.t'J.,.3flt 1.711.111.1.420 1.700.30(1.173 1.7(1.".. 812.781 l,T.14,fi3N,nH2 Sept Oct Nov . Doc Jn March Mav .. Juh 'Hid. Prl clnre 31 1(1 . .11 .14(,11 .17 31 7n . 31.8.1(3 8 31 nff31 84 . 31 flirt 32 00 32 02 ft 32 03 .31 INI Open 3l'.T 11 00 a m. 31 7,1 LIVESTOCK QUOTATIONS Chlearo. Sent S HOOS rtccclpts. 12.000 hsad on btter grades ry slow, mostly 25o to 60r loivcrlhan early. Tacklna irades stronr Havj-, 117 oOtSin.flOt medium, lit) rt20.28, llfht weight. $10020.40, Htht. J18 60(310.80, heavy packlna- sows, smooth. 116 2317 23. rwcMnir sows, roush. J15.B0 16 2JIlrs, 16lftl8 7 CATTLB necelrts, 0000 head. Oood and choloo natho bet steers and best "she stoek (Irons. Othr killing rows, feeders and westerns about steady Calies tteady ta 20e lower neef steers choice and prime, 11,1 K.1018: medium nnd good til 50(313 7.1. common. I90ail60, light weight, good and choice I13v317 ISO. common and me dium .25iaUo. butcher helfrs, 16 7AC 14.10; cows. 16 80313. cales, 1020.50. BHKBP necelpts. 32.000 head. Fat Inmbs. mostly choice native. $14 BO, good to choice western, lf Sheep steady to lower; feeders mostly 2fl(?f30c lower. riltsbnrth. Pert 2 tlOQS -necelpts. mnn !,. ?.1r lower Heavy. 120020 SO; mixed and medium I21.23C21 B0, pigs and J nam sorKers, tuia.uou, pacn.is, mik IS 80. i'ATTLK necelpts. 300 head- slow and el i.i- CsUes. "low and steady lit $22.10. ao so HIIKEP necelpts, 600 hesd. steady and slow at $11 28. I.smbs. $5. Knsl HI. Iinls. HI.. Rept 2 HOOOne. celpts, 7500 head. Steady Ten. $20 40; hulk. $1I ,1020.2.1 medium $10 ;.120 40; lights $ia 7520 2.1. tight lights, llSeiO 23; heavv packing sows smooth. $13 73016 751 packing ows rough. $13 75B14 73, rigs. $1.',(?18 CATTLn necelpts. 6.10O head Steady Reef steers, medium and heavs weight, choice and prime. $17618 80. medium and good $lie!3. common. I10ni light weight, good and choice. $10 7.1GT 16 50. com mon and medium ?nftl0 71. butcher cattle. neirers, iniawnso cows, i( 7SWH no csnner nnd cutler !3?lt7.". vp' rn i. a'l fl.i 3" 08 11 "' $1-1 S.1910 10. feeder eteers. $7 S05T 12 .10, .11. nn a" n ai T5 I stocker "leers, $7-3-10 25 32.20 32 20 3I"N SIIKEr Itecelpts 4000 head. Lambx, 84 32. IS . 32.12 Executors AuctioH SM est. thkodork n. joiinson; ihm Four Masted Topsail ' Auxiliary Schooner Tnc "GEORGE H. BARNES" ON Wednesday, Sept. 10th at 12 o'clock noon on deck of the ship, which Is lying at Clokey'B Dock, Erie Basin, Biooklyn, N. Y. Vessel was built at Jacksonville, Fla , In 1918, 2,200 ton dead weight! liqulpped with twin Skandla engine, 240 horse power each. Tor full particulars apply to STANDAllD SHIPPING CO., Inc. GO Broad St., N. Y. City on Auctioneer 31 Nassau St., New York City Phone Rector G500 ' LOCAL MINING STOCKS T.'NOPAll STOCKS Jim nutler Mac.-samara MldHHV Mlspsh Kvteneion Montana North Stir Rescue Kuta West Knd Rid 30 .67 .18 .66 .14 (lit .17 .... l'i OOUlKlni.p STOCK Atlanta . . n? Rlue Hull . . nooth . . ;,!,-, ninmondneld R R . . .. nl Balsy . " 'nt Keuanas n-l Oro ....'..'.' 01 smer nek . .;.:;;:: or, Arizona ITnltrd . . ".-, Nclada Wonder '.!.'.'.' Jn Tccopa Mining . , .-.. no A ok 32 2(1 08 01 (11 .( (I-. (13 04 0.1 lht ilnun Sl'J(ff14. , tilt un.l ,.nn.,n to r. W12.10. .vesrllnk' wethers. $95fll. e'es. I meoium snn cnoite, (l(Q8, culls and com mon, $3 3 50 Kast nnffnln. Sept 2 CATTLE lie ctlpts. 500 head Acthe and stead) Calves receipts, 400 head Actlie and steady $7 22 10 HOOS Receipts 3400 he-id Acttlo nnd 50e higher Iteaiv $20 8.HJ2I : mined. $20.81(R' 21. jorkers $21ffl'212K light do $19 23W 10 10 plus $11113 10 50 nushe $16 501917 Klars J125?H 5(1 SHEErANDLAMnS-necelpts 1400 hesd Actlic Lambs, 2.1c higher others steari LamH $8&15 7.1 -earMne. $70 12. weth frr $10fi in 50. eee $5'(f0 50 mixed sheep 911 .HIT! II,. I ly. Sept. 2 U 30 r.o 12 LONDON STOCK MARKET Itnntas rib-. Sept. 2 HOOS Receipts 80nn head Markel slow Hulk $10(5:20 heavies HS.SOio' 10 ,10, medium $1s-,0t2(l lights. $180 20.10. light lights, $188 10. pack Imp enu-M 11(1 ''.--17. n K 1 1 ., lit 1 II I CATTLE Receipts 23.000 head and 5000 rnlies Market stesdi Heaw bi-pf steers. chotre and prime $17 25&18 75. medium nnd iroiul. $14 17.15. common $12I13 00. light bef steers, good and choice. $14 10-17 7,1 common and medium. $8 75itjl4 25 butcher 1 cattle, heifers. $('.2.1(fi 14 10. cons. $(1,100 12. cannera anil cutters $5 2.1! 10. eel t rnli.i. llshl and hnndv welvht $12 50fl 14 80 feeder steers $0 40313 50. stocker Easy Money Rates Help Gllt-Edoed" 'sVtnKP r-ecVirt. I7.oon he-.,! -nrket rulln and rommon 7W1 oarllnn "tli rs $ItSf 10 7.'. pwir. SltfiT R imph. rul nnil com- I mrtn faftTeTTri hrtdinc rwe. 4iQf 1- feeder lambs. $12W13.7.". South Omaha. Spt 2 HOOR Rwlpta. 2R00 hfai Tnentv-flvo cntu t Roe hlRhfr bulk. 17 1SM7 7.. top 18 .10 CATTLE necflpts. 11.. ".00 head Bf nnd butcher utock and ft?pdtr atadj SHEEP Uecelpts. 40.(100 head Early r1h klllinf; clacfK-i stronff to l.'c higher feeders steady to utrone rJnli jjjaiw- TRANS1 APPLIAHCES. Valley Iron Works Commercial TVust Bldg. Frld.-il.'g Todai s 11,00 cloo open a. m. August '17. JO . . .. . Oeinbfr 18 4.1 .... Noembr 18 2.1 . . .. December 18 01 17 (11 17 fis January 17.8.1 ... , .. February 17.80 .. . .. March 17.80 M7.5.1 , .. April ,- 17.80 , . May 17 73 17 SO 17 50 June 17 73 ... .... July 17 70 17.50 . .. Rid. RAILROAD EARNINGS VIRGINIAN RAILWAT 1010 Increase Tuly grot $1,011,118 $143,835 Balance after taxes . 270,730 I04.2.1 Net operating Income 2.11.817 '81,871 Seven months' gross. 0.140.077 101.731 Ralance after taxes 842,370 438,035 Net operating Income 785,770 380,378 Decrease. Annual McHnga .$13 0(11.708.05(1 t2.fiG3.871.000 MONEY-LENDING RATES NEW YORK Money on call, mixed collateral and nil' industrial collateral, opened todny at 6 per cent for lending and renewal. llrokers reported time money fi per cent bid and scarce. A number of ma turing loans todaj uoro uot renewed. I.endine bankers in reference to' this tdtuatiou said tliat they did not expect any disturbance and that there would be money enough to go around. The supply of choice mercantile, paper is very limitrdtfnnd the local market is rather nominal. Kates are unchanged at iiVifOriH. per cent. Rates for primo bank acceptances are unchanged and the call loan rate stands at -1 per cent. PHILADELPHIA Call, rr4 per rent; time, R-Vrftr) per cent: rotnmer cial paper, three to six months, f4 O'-tj per cent, and mx months, 0 per cent. LONDON Money is quoted at .T,s per cent. Discount rates Short bills, 3 7-103'2 per cent; three-month bills, J! n-16(33-'?4 per cent. CRANHKRHY IKON AND CHAJt, rOMl'ANV Cranberry. N C. August 28. 1010. The Annual Meeting of the Stockholders of the Cranberry Iron and Coal Company will held at tho office -of the Company. Cran berry. Aery County. North Carolina, on Thursday, th eleventh (lay of September, 1B19 at 10:30 -o'clock a. m. (eastern time), for the purpose of electing a Board of Dl- rectors IO BCM. UWHHH - .,.-.... ?v a.,,,. for such otli-sr business as .may ba brought h.fora tho meeting A, H. risiiEii. secretary. before Certified rnhllf Arconntanta -" LAWRENCE E. BROWN CO lfllR REAL ESTATE TRUST BLDO IWESTIOATE ft ADJUST PARTNERSHIP, r-nnl-ORATION DISPUTED 'ACCOUNTS. a , per- ceni gent on application. Proposal blanks and Information r VRnrnsAT.H for cravats orrirE di- 0 reetor of run-hast (C. ft K. Dlv., Furrhaa. if log A Contract Section). Munitions Bldg., Washington, D. C. Sealed proposals, lu trln- leste, win pa receivea i imiia omce unill llrOO n. m heplember ZS, 1010, for furnish lake Your Idle Moniey - Earn 4Vz Free of Normal Tax log, 450.000 Cravats. Proposal must bear guaranty of 10 per cent. Proposal blanks " "i -' ' i- , v ' Ppeclal Bfeetlngw It-nsr NKir flXVANIA IIUrLDINO AND "rf TIAN AfforiATION. Special meet. In or ne niocanniaera vrw oo nei vaniera -has ft,-1819. Gt'ft0 p. m.. at) 1611 N. Broad ,-trtJ iiel,!f)oor. to vota'upon propoMd , - r U. S. Treasury 412 Certificates of Indebtedness. Dated Sept. 2, 1919 ' Due Feb. 2, 1920 Price Par and, Accrued Interest Denominations,: $5b0 and Upwards , ii r:, We Solicit 'Your Subscriptions . . ' COMMERCIAL TRUST COMPANY Member of Federal Reserve System C V Tv City Hall: Square X. s .j,'- t 1 I II I I III llll I I I ! II 1 Tl ! ! ' ' -m- - ' -"" m tJ j---ssg-IUgs--sWr X -J m. "----'""MMtMiMMM.iiMMMta rsri'cPfcJtfc L ir"T,llTafilg ' ' F" - TTTfW-' T- ' - iJ!r r-i V ' .T-FsSiSrMbBXmpSSirt. SMSErV XVZIT? 'WaBnsaHhjjsjsjHBjtwai'! - .AmRSM&rftt'l&a?,. iWe-i!BalGmmmSGXiVk - , WBK Reserve Banks' Discount Rates Official discount rates r.t the twelve Federal Ilesere banks n-cre as fol lows: (The first column gives rates for all periods' up to and including n fifteen day maturity ; the second for a period of sixteen to ninety days. The third and fourth columns give the rates for rediscounts of collateral loans i-ecured by government bonds or notes.) Coml" paper Gov't paper 10 to 00 IB to 00 lndavs davs lftdajs davs Boston 4 4 4 44 New Tdrk 4 4 t 4U Philadelphia . . 4 4 4 4'. Richmond 4', 44 4't 4' Clevelnnd 41 4 4 44 Atlanta 1". 4V -IU Chliago . .4 4' 4 41 St. Louis 4 4 4 41. Minneapolis . . 4 , 4s(o 4 41, Kansas City . . 4S r, iU ', Hallaa .. 4(, -4at (JJ-5 4 41; San rrancisco .. 4 ft 4i4 4i FOREIGN EXCHANGE New Vorlt, Kept. -. Preliminary foreign eichange this morning showed weakness generally. Demand sterUng at 4.18H and, cables at 4.10 wre about li cents under Saturday's final Hgilfes. Francs are down ,'i centimes, at 8.15, for cables and 8.1," for checks. Alarks are nominal at 4,S."i. Other quotations were : Lire cables fl.OS, cheeks ft. 70 j Swiss cables 5.68, checks n.70: Guilder ca bles 37U, checks 37: pesetas cables 10.05, checks 10; Stockholm cables 24.3,'i. checks 24.20: Christiania cables 23.20, checks 23.05; Copenhagen cables'1 21.65. checks 21.50; Itelgium cables S.43, checks 8,05 ; ruble notes, nominal, ut 6U. The quotation of 0.6R for lire cables nnd 0.70 for checks thn morning con stitutes a new low record Later a rtlly of 1 point took place At noon sterling rallied 'i to 1.18t2 for demand and 4.1!Hi for cables. Francs recovered ' to 8.14U for cables and 8.16 for checks. Marks w-eie quoted at 4.8(1. The market becumcdull and nominal. 'With the turnover into September and the readjustment of ac counts completed iu large, the market is expected to work lower. Section Home Ralls Strong , London. Sept. 2 More activity on the part of the government in its ef forts to effect economies nnd a brighter general labor situation made sentiment cheerful on the utock exchange todny nnd the markets displaced firmness. There was a fresh boom in the rubber group, but prices reacted from the top. Oil shares were dull. Shell Transport and Trading was .ri-10. The gilt-edged section was good in spots, helped by easy rates for money. Home roils were strong, but Cana dians were quiet. The shares of Ar gentine roads were well bought. CHICAGO BUTTER AND EGGS Chicago. Sep I BUTTHM Steady ne celpts, 701(1 tubs Creamery extras. MWe, firsts. r04 GT r.s,icj seconds, 4!.10e. stan dards. MUUiS.V. EGCJ6 Higher Receipts. 10 30H cases Tlrsts, 42lj41t4o. ordinary firsts, 37ft) 30c. at mark cases Included, 3s41c stor age packed firsts. 4."i!R4rV4 c NEW YORK SHIPBUILDING CORPORATION has steady work, good wages and excellent working conditions. Then are openings In nearly alt branches for skilled mechanics. Apply Employment Department at the Yards CamrJen, N. J. New York Metal Market Nen nrk. S pt. 2 Copper Spot il'ic bid. September 'Jl.flAe bid. October :'3c bid .Noiember :2'c bid; December. L'lrt.c bid Januar? '.". H5c bid: IVbruan. SiDOc bid Market inlet Lead Spot. !i 5c. Septem ber.. f,7',c bid. October IS.70fj0c: No. Xe.m,l?fr' .''," me. December. r, SOiS g I0'4c Market quiet Spelter Spat and September, offered. 7 O.'.c; October, offered 1 Lv" "'",H"1 "ueiru, i (.'c; uecembep. 7 NUC. 7 7 Be quiet. Januarys olTerpd, Market More Gold to Foreign Countries New York, Sept. L ArraiiKemrtits have been mode for 'flhipnipnt of over .$2,000,000 In jzold to foreign countries. Of this, .5675.000 is coin and $l..U4,8l5.-, is in barf-. Coin agsreKatinK $ior.,000 is poinj; to South America, and $10,000 is going to Canada. London will re ceive $211.247 bars and Paris re ceie jJtGn.rrttS in bars. Through transfer to San Francisco, .?,"(K),000 eoia aud $1,036,000 bars will bf shipped to China. DIVIDENDS DECLARED Swift & Co.. quarterly of $2 a shnr? pajahti October 1 to etock of record Sep tember 10 International Salt Companj, quarterly of m pr cent, paahle October 1 to stock of rerorrt Bept ember l." Dominion Steel Corporation, quarterly of IVi per cent on common, pit able October 1 to .tock of record Octolcr 5 Dominion Iron and Steel Corporation, quarterly of l'i per cent on preferred, na blf October 1 to stock of record Septem ber B- United Dewood Corporation quarterly of 14 per cent, payable October I to stock of record September 13 -Tortd Shipyard Corporation quarterlv of $1 75 a chare. paable September 20 to stock of record September fl Alva nee Rumely CoInpan. quarterly of 14 per cent on preferred payable October 1 to utock of record September 15 St. Joseph Lead Comwnv quarterly of 25 cents a share, payable Seotmber 20 to stock of record September 9. Books re open September 22 Westtnxhouse, Church. Kerr . Co. quar terly of Hi oer rent on preferred, ard 111 Tier cent on common, both paable Septem ber 10 to etock of record September 30. Fa bat srewlnv companv quarterly or , per cent on preferred, payable September l."S to atock of record September rt The semiannual dividend of 2 per ceat will to paid stockholders of the Cambria Iron Companv on October 1 hs reentered Sep tember J5. Kfliy-Hprlnslleld Tire Conipaio. quarterly of Xt.Jrfron preferred. pAjab'e October 1 to stock of record September 1." Wolverine Copper, quarterly of .Mi cents n eliare. payable October t l fclock of record September lit. ? Is the Greal American OH Industry a Mys tery to You? Do you wish you knew which sound going com- -panies are making huge profits from new wells, refineries, pipe lines, etc., and whose securities may be the next to go up? Get This Free Booklet Today It tells the principal facts about Oil and 22 in vestigated independent Oil companies which deserve attention marketwise at once. A free booklet worth paying for. Illustrated with map. Ask for No. TU- 614 JONES & BAKER SECURITIES Widener Bldg, Philadelphia Phones Bell, Walnut 6063 Jveyjfoitc, Race 2290 Ntn Tork Dstrnlt Pittsburgh Chtcaeo Direct Tnta! ll'irrs Boston w Blower Equipment!, rleatinf, Ventilation and "intuit Systems, Sneet-Melal Work. Safety Guards. C. H. RAUB (Verne Are. & Brkler St., Philadelphia. P. COMMERCIAL STEEL PRODUCTS CO. Bolls. fipllc. tr.. Wlr Cloth. Wlnrfnw nnd Door Scrsn Cloth, ttlro Work. Win dow Guards, rartltlons and Ralllnrs. All products of Iron and Steel Pennsylvania Bldg. sr,rDeiJ,i?8 VULCANITE! Portland Cement Philadelphia New York Boston1 UitTi itf-vi i I w Wl HIGH QUALITY QUICK SERVICE Motor Truck Delivery Lansdale FoundryCo. I'T ntiMlnle. Ta, Thone Tansdale 450 O. W. KETCHAM Manufacturer ot Architectural Terra Cotta, Bricks Hollow Tile, Etc. Chas. J. Web& Co.j WOOL ana Louon xarns t JIG ChMtntit St.. Philndflnhin. P.g " t .. NAGLE : STEEL COMPANY STEEL PLATES AND SHEETS' Pottstown, Pa. Phila. Office, 1411 Morrla Bldg. BANK CLEARINGS Dank ilearlngs today compared lth cor respondlnx day last two tears. 101D 1918 IBI7 Phils ..7R.R3.V7M I7".ll.45n Mil 8M,fl4 N V . 0.14. 800. i'09 .-lo.B8:.02S3M4 414.109 Uostou... 40,B37,70i 4K.M81,14J VS.iU.Sill Povvell Garard r Co. Jivcstment Securities 59 Soutn La Sails Street, Chicago New York MilladelphU Dallas St Louis We are Dleased to announce the election of Mr. Elias B. Jones ecently Vice-President of the vjolonial Trust Company, Philadelphia as a Vice-President of our company, in charge of eastern territory, with headquarters at 413 North American Buildir g, Philadelphia September t, '919 N. Z. GRAVES Incorporated 22 and 24 South Third Street I'hlladelphla The noose of Prxclaltlrs In Taints ana,, THE BALDWIN LocomotiveWorks Steam and Gasoline . LOCOMOTIVES Philadelphia, Pa. IMPACO LONDON METAL MARKET w York Sept. -. table sdvlcrs rech sd at the New York Metal Exchange this morn Ins: quoted prices hi London as follows: Tin Spot. '270, an advance of (3 ,1s, fu tures, 271 10s, an advance of 12 Ifta; straits. (281. a rise of 13; sales spot. 30 tons; futures, 420 tons. Copper Spot (101 2aAd. futures, 102 2s fid. an advance of 7a M for both; sales, spot. 100 tons, futures. 800 tons. Irfad Spot. (24 17s Od, futures. 125 lfls. both im. !s "d. Spelter Spot (40 10s: futures. (41 IDs, an upturn of 13s for both GOVERNMENT BONDS Panama coupon 2s, loan isi noi Panama reiietered Panama, jegfstered 2a 1038 l-anaroa coupon a. w 1038 p,ntw MUDOn 3a 1901 Panama reetstered as. 1801 I'Blirppine ii, V9 ii 1hlllnn1n 4a. 11133 PtilllPDlre 4s.JlOS8 JV Govt rwuer) 2s. r, a. 1830 Did 98"! 98S (I8 88 88 ...Do ' S? -. ".. ... Mi. AsK 904 92 92 98 81 loo or. V t !LAirqT Surety Bonds in a Hurry J6r 1NSUIVAHCE ARE you called on to give a surety bond (or any purpose? Surety bonds of the highest standing Globe In demnity Company are Issued by us in any amount. In addition, we offer you the great advantage of being able to get these bonds at once, since we have been authorised to pass on bonds without referring them to the home office. Harris J.Latta PENNSYLViVNIABtDO. PHIUVDIXPHM, CEMENT AND BRICK COATING ' A FOR STUCCO-CEMENT OR BRICK. ALSO CEMENT KLOQRS i Will Resist Water, Oils and Grtae fV' laii'muAiirAiwr-wu. &, 1518 Sansom Street, I'hiladeipwa Contractor & Builder ALBERT ZELLFELDER 151 South Broad St. TEIXrUONES Ketone M- jmtki Baee S3 Walnut SOl V ft ?53 ' 'I I I. FIT7C.ERALD & CO JW y .rm;,mt.no njra it uruiirt u i , iirvr-, n..Ma - n &, L7 ,t Saner Tlpn Plus Llnlnsa wan .-opni Partna and Klra Brick ALL CLAV PRODUCTS,: Main OjWm and WarsAou SiCOW' OTUR.STleTJtttJU Ij' U Jil M i it " . .-il- a 'w" n tu
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