ft
A
Woodbimi
Oil
The fifth well of the
Woodburn Oil Corpora
tion has been brouRht in
and has indicated produc
tion at the rate of more
than 1500 barrels daily.
The indicated dnily pio
duction from this Com
pany's first five uolh is
How greater than Ootid
barrels.
The oil is high-Kiude, J'-'"
to 13' gravity, having u
posted price of $2. 10 per
barrel
The siMli well i- in the
oil sand and show;, every
evidence of the same large
production.
The tock of th's oorpom
'ion hould ino'cu'f in
alue a? additional well?
uir drill, ri
CHARLES FEARON & CO.
333 Cheitnut Street
4. & , '.l 1 ,rk t , fll -J
NEWS OF THE FINANCIAL, WORLD NEW YORK AND PHILADELPHIA STOCK plCE&
PRICE MOVEMENT RAGGED
IN PROFESSIONAL MARKET
I nvvrtainly as to Outcome of Steel Conference and Fresh
Weakness in Exchange Unsettling Influences
NEW YORK STOCK SALES
TnilsV '
Tjiur tlo Salft
;ivt
TO
00
70
0(1
Veil oili. Scpl 17 - IrroRiiliiritj
am! piufewlonnliom ere Hie out'tnnd-
ins feature of today's market. In gen
eva I tho muik.pt differed hut llrhtly
timn the immediate preceding s"slnn.
rn pting tlint price inmeiiiriitH were a
little more erratic
I iM'itnint n t ll iitinme ;f the
1'itt-hiirKh labor ...nfi'iem-i' ri rrieil a
ifftniinlng intliii'iii-e without disturbing
tin inentnl attitude f the nmie un
portnnt YVnII Client (Jrentrr wenkm-s
in Hi" foreign exi-hange market, with
hnn lm 1-e.nriU for I I'luittlllir.' to
i 1 mine anil ltnl mill alio ieriiiiin
kinl AuMrla. and with HtcilltiK ileilln
i it,K within a imiill finetioti of lt mm -mum
ipnitatmu. wa another inntrlhiil
I ,nL ilnmper upon p. .'illative mtivit.N
With nil thi'ir Mirr.uintliuK depressine.
uillilPiiPPx Hie gcneinl in.irk.t. while
tr.-m.'l rawed -n Hie "Uifn.e ill all
times retained an miilertim '
I nrpliMKivp Mri-inth At the -nine turn',
uhelher .iitill.ini , ..ill th.MP wiiv
lik.wl-e rxhihitp.1 Hip -anie antoni-hing
,Ki,-p of ii ili in i ""ted "' "" ""
' .iinti pr. ...liii!; - -nni-
t mi. mil- th' I'"' H "hnl" "p ,
, ,, vhiipnie foi " material
11, i. a. minim ninpiiiPNi
, i ..i i tt-n.l far liefme the
I
t
eri strongest kind of underlying "up
port was tin. mered. This bulwark was
not niih of siifln i'-nt power to Htem the
reai tionai.i uirri'iit. hut also in mam
ptsp- bioiicht .piieli relintlntlN fully re
t rie Iiik Hip ground lout. This iletnaiid.
Iiowpipr. automat Ii nil) disappeared nr
iilii'klj on the I pi merles
It iiik altogether '.till WTJ IlllRPh n
iiarkrl of specialties. These Individual
dpiiioii-tratioii". however, were limited
to a nun h snuiller number of shares and
with likpwi-i a . ntinpii'uoux absence of
tin. -lino, ki ting of itinttiti.ins
TIip market hii'iline i'xtl"inel in eg
ular lifter the first lnllj, steels liisilig
then gum with piiiipniPiitH. Another
ipimery was followed bj further sell -nig
in 'wlii.li several lenders fell under
pi prions nuntntlniis. At noon oils and
motors been me the feature Texas
'oinpiin gained II point" and tJeiierul
Motor i'i'-j Prices ntlici uiec nulinpil
dow nwnrd
StatPiniiiis nttiibiit.il to labor leaili'i
di" l.ii m' in i ffei t that Hip ste.. strike
i.rdei i mi oon be latltiid . allied
i ntliei weakening of prices dining the
afieitni.'ti Pxtreme declines among
jnilii li .i i . iiotahl) steels allied
, pin i : ii' mil "lis raiiKid fiom .". to
ii. ai 1' I11 itoinl-.
. rtou
s".'. rlo's "h
500 AdvRum. . 40 t0)i
100 Advllpf . fi(),'i 70
1000 AJajrRub. . 01'f O.'l'i
JW AlaJOM . 2( 'i - -
4S0O AlChalM.. 471, 4S'j 4G.' 47
100 AICMnf... n onii imM not
1410 AmDosch. Uf, HSU 111 11 W
000 ArnBeetS. SO SO'i Sf. S" I
100 AmllSpf. . J7 (15 tl.-. '.)" '
17400 AmCan . 571 j 0Vt ,V. '''!
a70l) AmfarAK 134'a 130 13J 13 IV
400 AniPotf) . f,7 fifi'i W ott 1
400 AmDruira. 11 11 11 11
1000 AmH&r, ,l.M, 30U 114 :S4"i
100 AH&t.pf 12s 1L"U, 1 n , 120i'
-!00 Amlco . 40", 10 15 4.1S
100 Ale.epf. .. (,', Ml", t" 1 o'1'
0J00 AmlntC. ..103.'. 102'i 100', 100'.'
3000 AmLlns . . 701S 7u"i 7u'4 V'
20100 AmLoco.. HCi 110't KM' 10J
:i00 AmMfifi .lOVi 53
2100 AmS&R 7R
1000 AmStlF' A0i
100 AinSTpf . . n."
1200 AmSuB. 130-i
100 AinSumT.. 01)
Trevloui
V,, t-c,.... CL lh
oia; 1 .-v ii-r , iiiji UI
K00 AinTftT lOl.'i
12300 A m Tol. 250
K200 AmWoolenllS
7b'l
40
M'O
12l'
02'
70' ,'
MH 1
04.'.
120 !
00
A Straight
First Mortgage Bond
We arc olTetino a
5', First Mortgage
Bond of n compa.iy
operatinj; in the great
Southern Cotton Mil!
District of North and
South Carolina The
company .server a
population of over
950,000 with a prod
uct which is otic of
the necessities of life.
The r c pr od 11 c'ti on
value of the property
is over three times the
par value of the out
standing bonds, and
the net earnings arc
more than three times
the bond interest.
Write for drsrnptire cinular
Hemphill, Noves & Co.
Franklin Bank Bldg.. Phila.
New To 1. n,,-lm rrun'on
STOCKS YIELDED
OIL GROUP YIELDS
300 AmWI'pf. 50
fiOO AmZlS. 23
TiOOO Anaroji . 01' j
1500 AmSlup :)S'i
200 AssoOIK-o llTj
..00 AtT&SK 01
300 AtB&AH 11'
400 AO&WISS 102
100 AG&WIpf 73
57000 Bailee W 1 :54." 13,
7fi'.
30'
94)i
120
80'.'
ion. loii 101
205 257W 20.1
117 llfiJi 11
5(1'. 5S
1.11, o 11
07'
37
13i
00
10!
100
Toi1y'
Low rloe
1 n0! !0l
12000 USI-'ood... SO SOU RU1 H.r,
3700 USIndA1..136j 137M 133 133J
500 UnlonPao.l22f 123 122JJ 12.1
100 UnPacpr. . flfljf C9 COX 09)j
700 Unltylpf.. 22H 22!f 22 22U
300 USItealty. 40 40U 44f 44i
74100 UnItetSt.,1053f 107 102H 106
4700 ttfillub... H4f 115M 1134 114.'i
2S0O USnub rts, 13J 13)i 12K 12'i
500 USSmclt., 09 N 69 C8M OR" I
02700 U8Steel . lOSHJOSJf 103 IO.P11
500 UH.Stlpf...ll4S 114 llSii 113)i
2000 UUhCop.. 851i 85H R31. 83.T
ouo va-i:ciicm SI
1400 Wabftfh... 10JJ
100 WabpfA.. 30!i
000 Wab pf n . . 20
200 West All.. 114
5.1OJ WestE&M. 5,"
12'
85
10
02! 1
33M
&3li
1U
84i
81H 81 81
10 10' 10W
30)i 30'i 30JS
20 20 20
114 lli;t 114
OS",
3S'.
flTj
tO'i
10',
102
72!,'
'',
400 WcstMd
200 WtlTel. .
IGOO Wh&LK..
1400 WhlteMot.
730O Wlllys-O.
700 AVIlsonCo.
KS00 Wll&Crts.
2100 Worth P..
1 "i:x illvldend "Ex rlghln
5S
22Ji
07' i
37't ' - ;
9"'.' Ala Oold M cV A
00' s 1 0000. . 23
1' I Am AK Oiem 8
101' j ,rmo 97
65' i
123i
85
15'i
02'i
33' 1
8T,
P,
Sl'i
4
12'-i
R5
15
02
32
8,'t
U.
81'.
54
12
8.1.
15H
(.2
31
S.1
m
S3
A'etu York Bonds
100 n&opf lo-
1300 Il.1inp.M1n 1',
100B,invttCo US
UNDER
euiG
N
CURB
MARK!
100 J'.cthPtl
50500 BethSn
500 DpthMol
:;oo iirriT
200 nitTcOiip
SOO BronnSpf
700 UruTUm
0V
07'
20"
041,
10!
50' i
l'j
127
91'i'
O0'
27U
2.V.J
22
07
It
72' 1 1
132' '
50' ,
ill
127
91'ti
On I
20. '
J0O Ilurn-nro.132', 13.1
Sonic
tro
Fear of Radicals Con
lm? the Steel Labor
Union Meeting
High-Pnced Issues Drop Two,
or More Points Losses
Generally Small
1200 ncop&z
500 TIutA-P'"
TOO r.idro&li
0000 r,n 11 To . .
.'iPOO f"irtr
200 c.iirpf .
"ilOO C.mP.i.
11
20!
37' i
00
53' 1
Stil i
151!
SHORTS VERY CAUTIOUS GENERAL ASPHALT DROPS
Sim 11rl1.
1 nine ""
tiilllM n
Th.ro a.
tnl.
IT 'In'
viiu- muni
. ..ik
Ml 4V1'
.hurl
We Offer
to Yield 73
the 80 Cumulative
Sinking Fund First Pre
ferred Stock
of a proiperoui company en
gaged in the production of
an ettantial (ood product.
The total net assets of the corn
piny, after Riving effect to this
financing, were over 2A times
the amount of the entire issue.
IVnfi Jo ' nrutar '
(iEORGE H. BURR & CO.
-121 Chestnut Street
Philadelphia
13(11 IV,, ul. Ilnnk llullrflni
1'ITTMIUnOII
Main OITIih:
l.u ItronriiTttj
YfIRK
..'I I.iIm.i-
1 'inn,'
11 h'i hick
nnn"ini',p'l
lm fortlii-.ni!
limir Tin-
I 011MM V.11IM 1
iiilrnllitn; tin-
if pi.. tit
111 11 w .'i
I. Ill.llll 111
i,hiii At
th
it r
!ll
ti ik.
lit '
tin r.'
villus
il th'-
nwri iii
11 ipri im'
i- limn- ii'-
fin mi whn Ii
iniiil-i'l tli.it
f, lll.iM.l.
GRAPHIC CHART
OF LIBERTY BONDS
TELLS AT A GLANCE THE PRIN.
CIPAL FEATURES OF THE SE.VCRAL
LIBERTY LOAN ISSUES AN IN.
VALUABLE AID t MAKING OUT
INCOME ANO SURTAX REPORTS.
tENT FREE ON REQUEST
BAKER, AYLING & YOUNG
land title: building
BOSTON PHILADELPHIA
.")i50 $100
LIBERTY BONDS
not (,111 m .oi.ii
Biddle & Henry
104 SiOLTH FIFTH STREET
llinz mill l-i-nlii
1 11c in t.l:n - -t-K I' in" '-
.1 ,..!,,,., i.,L'iinlini: Hi'- 'i'
...... hrt .,.liivr ,if till' vl.
i,,u hi l'nt-liiiri!li nul.l
1,, 'I In- ni'-.M ii. c-ith'Toil in
..,,,! .I,irh nt tor 11 "
1 1,41 1 II" .t.tt.'III.Mll l'lllll
nig ilnrnis: -t. l ni.ii-k'-t
.ci'mcil tn inii'l-. thin tin
wen1 1111111' tn" -""' "' '
r.iiln nl--
That tln-ii- -.lii'iiM h" ,-'l"'
nv mil nt rill -iirini-in-. 1
,,. n.liitiinh hui.ul iiihiuii
.1... 11... , loilf imiir ,'f ll
that tinii- uric- run m 1 '" "" " ; '
, ni.ne It m- .'iitin-h l"h-al. thui.
fi.ri'. th.it th....' ln. hii.l in.'tit-; 'hnl'l
b,' ti'iiuilml I" -I'll out. -Hi'--. " ' "'
it u- tint inipn-ihl" that tho nil".al.
,.l 11 Mrlkr n Mimihn ii"'M inislit pi ''
vnil ntziiiitn.'k. tho null, ul I.'iiiIit.
... -iiiil tn ho ..tri'-intiliR .1- liiiirniiin "f
.1... ii.,ul.,.P.,li rt hpriiiir. 111111 " ""
.Ti'illtnl with (li'.'lnrmx thnl
"niilil !' tlinntsh l 1"" I
It , ,im Hilt HUltl' Hl I 1
-I1011I1I ho .1 '-r liirt-''' -l"""'
..,.., ..,,,n,,i In the tn-t liluii-
....II !., ,,..! lilllll rl.lll'l' tlli'll" '"'
l hull' ili.ulit that luiMiU I
,111111 nun tin- inuik'-t in
f,.i, p ..I- ni'rliiiti- it "iihl '
.nriiti1 I" -aj thai I l.p
lia- liivii ImliliiiB l"n
....! ... .... ,,,. Miitllli 1
W.lllll',1 l" -" "l , ,
re imt I'limiKii 1 " '"-
l,.i mi uf 11 -i.iill' ll"iitin.
, k- -hi.iil.1 il""-" "n
Ii ,,,,11.11111 ri'iuitu winn '"'"".
... f.,-.wl tin- .hiiil- linu' li.nl 1" nni
liri'ttv his'' , , , , . , ,
,.M,l.iii.iti"ii i.f th" liKlitli.aitd
w.n 111 hi.'h -hurt -piling 1- iimIuIkhI
, n 1 l.iin.l 111 th"' n-'-i-li"" hat
t I imt tin- ii"fii"iial tnnli'i- wtin
tnl. the iiiitiiitm. hut .1 iiinn.ifi's-.1.111;',-.
wh.i muhl 1"' ih -' nh'-'l a- ""1
Milu. l'n.-ibh Iho latti-r an- Ipsm
.,,i,lii.liiiil"l thiin th" fiitimi IIiiw
P..r tin- nun I-'. -'-111111.' l ll" -liiirtx
..,,1, i,..iiii-Mlfe'il Piirh xain- in
"nt . ii, . hut h niiil-aUi'i n
t.inni'lil aliiillt ll"t I"'
I'miliiu' .i- nt th" iatf uf -H "i"'
millmii -hair- The -te.'l anil .'.iui-
, 1 .iip. ori' liPttor biniiflit than Hip
1, .1 .if ih.- indii-triiil li-t 111 th.- tn-t part
,,f 1I1" .i.miiii mill whin tin
.aim "' i" th'- "ii"- to ifl"i tin
.1.11111, in pn in'1
Tin- 1,111111 1- wen ili-ini-1
l.mv fmiii tin- h.'KiiMiiuK ih-i'it.- i"
lu-t- ,,f iin-i-.ii-.-il ihiinilH- ami t"i
isn IniMiiK. ii'1'nit- tint 1 i.'ilitfil m all
iliiarli-i- ii.-.-illo- t" -a Th' Miii-in'-m
tl follow inK Mr Ki.iiikini
,,,.11 k. nftpr tin- ilui't'ii- iii'-'iiiiK
Mi.-u-nri -Wiirni r llii-hi'il "I' "nt
lnllj: IU'lil'll "f "I'-'llllll Mllll'l'
,ialtip whn Ii Miili"'l th" liii'wurk
'J ui'-ilay ui'ii' -iiliilui'il
.New 111U. Sept IT The 1 111 h mm
ket wii. un.Ptth'ft to 11 ninilernte iIpsipc
in lm iIi'iiIihk 1 In-" ninrnini; hpciniho of
li".iiiilnin ro.iiltiiig from the iiit.-re-t
, inn ml rated 111 th" labor union nieetiiiK
nt I'llt-luirnh but the Ini-os were gen
ernlh "iintineil to 'mull amount., al
thiiiich n (r of the h i trli -prii "d nil.
1,-lileil J point- "1 11101 e.
There were initial tradings 111 Vniui
don -hare., about "0,000 of thl iue
, liiiuznis hand, luring the niorninc ill
.",.". t,,:;i
X.'tiiii lplii.iw. opened with n fill,
tioiial .,.. but Inter mined up to . lo.e
to M'M.nliii - hiirli pine, imiging dm
iiik Hi" loiennoii finni ll-'l to ll"s
M.iimiiii of Ainerii-ii wni hteiidy, lolling
.it iiT and 7 (ionernl Asphnlt wn- 111
-upph nfti-i the oponlnir nt 04 nnd hud
a linn k ill op tn 01.
II, iii-ton nil wn- Mnolln'i weak ten
tine in the ml group, brins: traded in tit
111 tn 11. Sinclair i-..ue were down '
point. Tnbieio Prndu. t- Kxpnrt" weie
uiii-liangid in their market position,
-oiling at .".T'.. tn Iltt. 1'nlted Hetnil
r.indi "old ut J.".-1, .iL'.'ti,. ,
Allied Pinker wn tinded 111 lit "J! I
and Indian Paikine tanged tiom o I,,
"00,1 Cenl.e.ii'o 100 1
KKl c. i- tr'i . 11
I TOO CerdePf ,V"
..Od Oie'&Oh . 0fi;
.1100 InOW . 0'i
limn chiiiWpf 'j.-.
.500 C'M&StP . 14
:oo rM&si'pf ra1'
10(1 ( hRI&P 'JoJj
inoo 1 hiierop aaji
him r-iitnoC . 431)
nijO 1 oIK'.l . Vt
1 1(1(1 1 olii&r. . . K
.11(1 '"ol&riin . 23j
TOO '"oin'.iii . Od' j
.'1110 com'antl.v ll'j
WO i'on(i.ie, . 03J
pill ( unlns 74'
.UK) 1 nuIfM . IT'
H-IK) Corn PR ST?
S000 CruotlCo.lRB
r.fKl ( uhnCS . . 3'f
-.(lil (-uhnCSpf . k)H
KKl I'en&llioO 10
l,-,00 IVn&ROnf 17'J
mi
Ho
ion
10-1
10
10'4
131
50' i
V,
127
04".
0o'
Ill't
2,"..'
22
0T
Id'
11 10 1
Jfi'i 20
:;s 37
71'. 00';
.-.:;.' v :)i
'f.n.' j sr.
Ijl'-i HOJi 150
'
Am Smelt B
.-100O. ;
woo s'
2000 M
1000 SoV'
1000 iw
Amer T4Td
HXiO. kci
4000 s
Anglo-French
2000 ..Itlju
Colo & s Hy Is
"000. . . . S4
City of Paris 61
1000 . .. .171,
WOO 97j.3
Con Qas Co cv
100
..100
100',
.100
100!,
.100
10(1 DotneM
.100 KlkHC
400 llmll.t. . .
100 HndlJpf . .
'ij() i:ikK('pf
1,011 i:rie
200 UriPlpr .
.J00 r.-imP-I.
.-,00 FlhhltC .
t'100 KIskRub
200 KreerTex
200 O.U.W&W,
S00 (SenCCo. .
S000 Cen-Motr
100 (lenMCpf.
400 Cren.MC.leb
32'W (5oodBK
100".
40
M
,-.r,'t
ll!i
20- i
43W
03',
2.V
2'c;
4t';
i.v,
Ii3'i
23' ,,
so-,
11s
4
7o
17'-;
88) j
1SS
33
7U)J
10' 1
17t
13
35
107
104
40) i
Ifl's
00
10
SI
oti.'
IO'j
2u),
42
r.3'i
2r.
23'i
43
41.'.
02" 4
23
04.' i
11 !
03' ,
07 I 10000 .
11 . 47000.
I.i 1000
lO'i 1 ,-,000
20 I 2000
37 1 2(100
70 I 1000.
.2'., 3000
SO 20000
iso 1 2000
on i 1(1000
40 1 .-.000.
: t ' 1 0000
56 4 I 1000.
10' 1 50000.
20'. I 2000
43 1 1000
fi-'i'i .-inoo.
25 I 11100.
-'Ti 1 7000.
4!
44'-1
1.2',
23".
OP,
ll'i
(H1;
17' IT'i
S5 . Sf.' .
1R.! 1 KJ j
,TJ" i 3.1
7S TS'.
lO'i 10",
lfi IT
13' , l.i'i
.4': 34 h
105H 1055-i
104'4 104
101'i
12S'j
4B'
1R.'4
81
2,l',
01',
M
81).
101
121
1T's
4S
20'4
SO
241'i 2.!'
01 01
Mi), fl
SI 7S
10
15" 4
25
Oil
IS
4."s
IS
'M't
0
700 floodBFp..05H IOoVj MV i lO.j'i
10
l.Vi
25
OQ'i
121
40V,
48
20'i
70',
210K-
II
sr.
M
27 I
4ti' . ti
New
at 5-
!i-.-iiln
iliimhia
, 15 1.,
Yin k Sliipliiiililing
INtll -lllll-
II till--lli.lt-.
thi
-lipph of .1.
in ii ,,, , a. ion
l.M
had
if I
1 eat I loll
nio-t i"
il m I,p
uf
-pe
I r
rYOUR INVESTMENTSn
SSouU he hand on Liformnboil and up-to-ditt ffc
erdt. Ututuotl4uiiod,lDduitnauidMintoiv
od huh tad low pnce of Stocli tnd Bondi
INVESTOR'S POCKET MANUAL
Publl.h.d MontklT 272 P.;..
Fonuhcd FREE by tnf Inveitnenl BtokT or
Broke o applicatiefi.OR for30cpTcopr. Cutrent
numWT rvl D 4T bi
KTf FINANCIAL flttS J, ItC Br45l .N.wT.rkOtr-J
DIVIDENOt,
1,1. - ..1 . n
nt 1 culTim.i'1
, I ,, , ,1 .1 I..
.it. 1 ii 1 r 1 ' "in
rl , f 1" l'"r '"
5.0 00O T rir ' 1
.1. Tnher 1 l" " '
fli'-iern! UaiI .,
, 1 nt n 1 r 1 ' 1 hi
innn pit at. ' ' 1, 1 !' 1
SfTi "ml r -O
Air 11
-1m
DeCLAT-ED
, . ,1, ,1, ipl r!
m Ibl, II, tuln
if ni,ru.i nurtr
. .,1- nt 117
1 .n 1. payablf
1 . pi. nut, r --n
I'larn ru I yt per
i.t ill on poili
) trK . f rerorrt
Mo I Pail..
Am Urn llftf
A111 M.ineni
ni,-rl ,n M ru l'ii
Mr lUilucthin
.'..nartlHn Car 1 o
' on 1 i,r A P111 11M .
CarLon Stel
Oirwen Tni I
( on, , olu
l hnliur ,tolnr
('lie. roll l .Motom
.'nmn
. urtlsi. AiTuiiMne
?.niiri,oi, PhoiinurHrli
'.-iril x.phj't
1111 Sli-n.il
llupn Motor-
Hi-dti ."hnil,,il
lnt--r 1'roductH
lntr Uubbir
Int. r tf,,or,
In 1 11 fkt
I - , Tor Hoa.
llUKh Conl Salh
1 Ibb.. IrN & Mbb.
i.'m . 1 ko
Martin Pnrr
V -hlphmldlns
North Arnpr Parer Pulp
'"IK -ileel
'.lm nie.ator
IVprli .h Motor . .
P rfi.i . n T A R .
Philip Morris : .
Pi" I- Km,
Pi, afman Tire
1.,-tall '-ma
ualold N V
S.ivold Ohio
rrlapH llooth
-iimdard Motori
-ti-1 AllllH
-ubinarme
-h. M Trann
-i.ifl Int
Su'ta of Alneilrit
Tolaccn Produrta
lodd ShlnbulldlnB
. 1 rtmiKle I'llm
I t'nlletl Molor.i
I L"nllpil Protlt Mi.irnis
I' S Stcnnmlilli
, i.nndluin
" '" World Kllm
Wrlirht-Martlii ir
iplnilip .,ili at
in u.'i- iiadnl in
II-
11,1 - ,.a,. 1
.,! rtnaa
it', ii'. inn
t.i'j M'.,
',- o-'j ".Ml j
t.-. I.-.
'"I III"
till p.'"
a T
.ru- up-.
.'.in iiriii
1711 Jim
- t'l
1 7
. ., .1
11 '
HV4 1I, tl
100 GranCop.. (,Ki SH
700tltXrnpf . ST', 851,
'100 OtXOctfs. 44', 41' j
.10(1 firCnnCop 42' 12",
1,00 tiuifissti t.1'1 (Vj.'i
4'M)0 llasAiHC . Ci li.j
100 IllCcn . 0.1 'j o:,
5700 InC'onCnp. (.O1-, d04
400 Intcc fiij fi'j
500 IntCCpf 21 21
' 100 InACpf S2 R2',
1500 InHCnew 1.12 133'
20'IOO IntM.M 01', (0U
13200 InMMpf 120' j lin.'i
2300 IntNkliel 20 2ft
1(,00 IntPap . 50 4 50
20(1 .I.uelTca... 25 25
1(10 JewelTpf 05 05
Will JonesBT. . 30 38'4
10.1 KanCSrn.. IS.' 18'
100 KiinCPpf . . 50). CO1',
0S!i
SI'i
n
A2
00' ,
fi."
03"i
5S'4
r.'j
21
H'.'i
130
fii'.i
117'i
24'
05
'',
:.o'
68 H
S5
43
,12-4
T.0' .
0.',
or,
VI
t.'j
21
S'.,
I JO
5S',
II Si,
21 i
1)5
38',
1 1' 1
50'
If
0
0'
07' i
07!
07 1
1)7 .1
07',
071,
07 1
071,
07,
07',
07),
07 .1
07',
07)-,
07 3
07'.
07' i.
Ann Arbor 11 11 "
2000 51),
Armour & Co t4s
1000 83)a
1000.. S3),
Atlantic-Coait t. 43
100O 78
A T & S F sen 4s
3000 77H
1000 77!i
Atl T & S F nr
2000 78
0000... 78
1000.. .. 78
Atch Tran S 1, t"
5000 70
1000 7ii
Am T & T col 5s
2000 8T!4
3(10 . . . 87",
Am Tel & Tel Co 6s
1000. - .loo;,
2000 too;,
3000 ...100)4
1000 ioo.'i
Am T & T clt
1000 2'4
Baldwin I,oco Es
1000 1001,
Balto S. Ohio 4s
10000. . 70
S000 . 070
Bait & Ohio 3 ',4 s
if
fd
1000.
1000
2O00
1000.
Exit &
1000
S.V
. .. S5't
8.'.
. ... S5',
Ohio 5s
8S',
I
17
1 10
IS
1
100 K.-1SPT. ..l'JO'i 130'i JJ.. 115',
5J0 NVIWhCo.
1000 KenCop. . .
2400 K.'ysT&Il.
I20(X) I.ackSCo.
300 UeeR&T. .
50(1 I.ehVn.1. .
1 100 I.ooceWB
2800 l.orPTob
08
35' ii
02' ,
80.U'
31!J
40),
71
. .230W
i."
i.p
I.T.
1 '
Mi,
'.' I".
.'0
HI
7u
.VI
P-'-4
:i7
tn
1
000 MaxMot. .
S0O MaxMlpf.
;0 Ma.M2pf.
1 00 MajOS
20000 MexPel :
100 Mlamfop.
11200 MlrtS&O. ..
48
7U5.
40' i
100
115;,
27
52M
-rl
1
STMIllll .III.
Illlnolv
Ohio
Pralrl I'll"
l . O of Pal
I H 11 of V I
1 S O c f N Y
(1 . M
r -
-TOCKs
isn tss
17.', .Ni
."in -.'y
2-- :m
it7- nsr,
:iii7 1 11:1
100 MStPSSM. 85!
1000 MoK&Tex. 13
100 MoK&Tpf. IS
riOO MoP.ic . . 28
400 MoPacpf. . 40),
100 MonPower 02:
10J0 XatA&C. , 40
100 XatC&S . 7S7J
200 XatLead.. 80VJ
400 NHRoMSp. 7h
(.HO XOT&M.. 41 J j
500 XevCon. . . 18
4000 NYAlrBr..l23'i 125!a
00! 5
J.V4
B2i SO
31
40
48
SO
40',
100
2IS
27
525,
S7J-2
12!i
IS
28
17
02
4SJ,
77s,
SO',
I
42.-.
IS
SS'.
35 1 4
01',
S3',
30
40
CiO5 ,
01','
81'. !
30' 3 I
40
1
22U". 23J.
I
,1
ni.ml.rr .1"
I
iMi:i'i.M.r.N r 1111, .srnrK-
CHICA.GO BUTTER AND EGGS
S
gfH-rJ;
hl uso.
.17 tnl-
ii 1
- i IT - HIT'IEK -UerHpta
dk 1 hapiU ttr-udy Hxtra
k 4ttil''l( cimlH 47 Hi 43'
,.r('fits rtjjii t iftt MttrUn
rHtt 441- 4.Wi npiinHrs firm
n 1- llan. ouf, .t,40 44S
Investors read
Ike Wall Street Journal
tr- " & "i?J5!-!-! i?
Shipment of Gold to Japan
Sew orli, S.-pt. 17 .i ranupinpnts
hin- bppii uiadp at the Snbti-a-ur tor
11 shipment of !f.iO(t,0(K) in colli tn .lupan
hroiiRh trauKfer of tunilH to an 1 inn
Mien Oil
Poiton Win tnl
rodn i t 0
Plk llaaln
Jnt.-i P-trol
Iland oli t. 1
(llmrork .'ii
Houston (nl
' Pome uil
Mrrltt Oil
M.t Pftrol
Mldweat Oil
1 f'Ho Pul .
Omar oil i (laa
"apulpa Uennlmr
. .-frquojah
''ill, lair .'on
! lnrlair Oulf
Southwest Oil
Pnltfd Oil
1
71
IH,
h
4
tin
-0
22'.
1'.
Il4
7'.
.'l4
-."I
11,
11 1.
'.
ll
114
.'n'a
..r.i
ji.
l".
Hecker & Co.
Bankers and Brokers
Members of Philadelphia and New York
St rk nfhne
X. k. rnit mil An rnr,sTrT rt.
FINANCIAL BRIEFS
MIXING STOCKS
. .Wi
53) i
. 10! 1
. b'i
. 07M
38
121,
435,
. 42
. 33) j
. BIJi
nt)
64
23
04)i
.121
. 87
. 23.','
73
57' j
32
00",
SO1 1
SO
53' i
S3).;
10'?
an
f.W,
38),
122U
43)4
41H
33,
03)4
,101
47.',
7K',
111
100
200 1,
7.0'.
87.
12,
IS
J t R
17
!.2,
40' 4
77',
SO
I
1P.
17',
123','
17'.
78' 1
10
Ion
'-'.',:' '
(Vi
i7''
12'j
1
tT
'2'4
4b! ;
1 , 0
so
12
IT".
12 1
2000 . BT2
Bait At Ohio 6s
1000 on;,
K.i It & Ohio cv
5000 . 704
B i O So It a Via
4000. si;,
Beth S C oa of U6
14000 SO',
Beth S Corp 1st
1000 00J4
Br.iden C M Co Cs
I.00Q. ... 05!,
14006. ... or,
3000 00
Brlilyn U T 5a
5000. -154'4"
Cent of Ga Ilwy 63
10W Hi
10000 00',
0000. 0ti!i
5000.. - Ofi',
1000 '.mu
1000 00'
S000 9f..'i
Cunt Leather 5a
3000
i.eiit 11
1000
07
of X J
100
-;
04
32" J
227 i
0fi
12
67'-,
23
51
31'j
00',
SO!
7S
:2,
53' .
10s,
0'j
04)4
38),
110
:
10
33
r.o,
214
03)
a." .
22' 4
0J
121
60' i
23!-,
M.w rn4w,f 4MAtl 1
Tk Wall Street Journal
F
8r
U. S. Liberty Bonds
$50, $100, $1000
tinintiT. not, i
KISCOMMK.M1KH TOK I.S VKtJT.MKNT
Ncwburger, Henderson & Loeb
1410 CHESTNUT ST.
Mmhrr N, V. i. I'hlln. Hlnfk l:rlintn
The New York Siibtremiiry ginned
.f'.'.24'2.000 from the hankh yoterday.
inaKinK a cash net gain alnec Knday of
S:,20t.OO0
I The average priie of twenty active
induxtriala advanced 12 per tent e
terdnv to 10S 81, liile teut. rail-
r.iad". dpeluied .45 per i-i-nt to Ml t..t.
In the opinion, of inmpeteut judges
the strength of the market ik unde
niably impressive. Hardly a day now
pameii that several industrial stocks
fail to make new high records for all
time. Individual demonstrations more
than atoning for lack of concerted
group movement.
Youngstown Sheet and Tube Com
pany has authorized, construction of a
new' Iapweld pipe mill that will add
. fiO.OOO to 00,000 tons a ear to its ca
pacity. The mill will make four-inch
I pipe and will be in operation by Ajiril
l, 1920.
Aiiik, n c m
Ule L'di.
Hutte New York
Boston Mont
r F S . Jerolu
ron tIe
Prown (ro4,u G
Plrat Natlonul
Goldflcld C'oni
Goldflld Florence
Ooldflld Kfr1nap .
OoIdflPld Mercer
flreen Monnter
Ilecla Mlnlnv
Howe Sound
lndepe4ence Lead
Jerome Verde
Jim Huller .
Jumbo Extension
MacNamari. Crea M
McKlnley-Darrash
Mairma Copper
Mother Tjode
Mines Co of Amema
Vattonal Tin ,
Nevada Hills
Nevada Wonder
Xlplaalna;
Hay Herrules
Han Toy ....
Tonopah Bitenslon
United Verde .
West End Con .
Whlta Cam
7S
'4
r.
.10
4
1'.
I.
41
34
.1
4.i
'-.
.1
11
V
I'n
3
-.-ii
si
in
.IN
.IS
4
.17
11
t
1;
1
Cnsden Oil Hi
fosden & Co fls
Russian Govt r
110X1)1
a:
tni
tm
104
mi
4.1
4i
H
15
SO
95
OS.'.'
18'
&0H
18U
05-j
UH
GOH
OR
25
fil
'85.
ODii
05).
18',
20),
70',
17),
0'.
13',
58",
C4
24 '-,
60
51
,
Sn
-h.''
5,1'
1US
'ii
08
3S1,
120
13' .
10
.!',
1.1',
21!,
I.T
01
121
07
2.!' .
101
7S.
000 XYCen. . 73
000 NYtfoilc. 50!i
1200 N'YNH&II. .11.
100 Xor&Wrn.lOO!-,
5(K) NtnPao... HO'i
1200 XoSS&C. . SO
SI''.' 1100 Ohloi-O. .
100 OhioFuel
2500 OklaP&K
100 OntSM. ..
2000 I'acO&K
100 PacMall.
10400 P-AP&T.
3000 PRll
1100 PennSS. .
400 PhllaCo..
1 20H00 PlerceA.
I 1700 PlerceOII.
1 400 PlttsCoal
I 100 Pltt&WVa
1 1300 PondCC. .
, 1330O PresaSC.
I 500 PullmCo.
1 (100 PunAlS. ,
I inn itvfionC.
5100 RyStSp... 09;, 104H 101
3900 Reading. . 7VJ,
8S00 IlepI&S... 03!i
18500 RoyDNV. 98
700 StliSF. .. ISM
1300 StLSwpf.. 20) j
600 SavArma.. 80Jj
1900 RaxonMot. 20
200 SeabAL... 0
500 Shat-ArU. 14)4
25400 Plnd&Il. .. 60,'i
1300 Sl-ShS&r.. 67
1700 SrnRwy. ., 24S
700 SrnR)T)f.. 61
11100 SrnPac. .. 102
1300 StewWSp.
7200StromC. .. 76H
o.rvi StroCrta.. 14
i7.7nn Studebalt. 118H 120- 110
300 StudCpf.. 102 102 102
WStuUMot. .114
400 StutxMrtB. 4H
200 SupSC. ... 42
unn TennC&C. 134
fi500 TxasCo..269!i 2J5 269H 270
0Afi TViAPac. . 61 525, 40), mv
lA 1 12000 TobProd,.100!'102jf 09H 100i
I 000 TobPpf...H0 UlOlf 1001, 100
21700 TranaOll.. 56H
800 Tran&Wm 01
800 I'nAlloyfl fiiiK
Chi M & St V o'ia
5000 . 574
5000 57!,'
C M & St 1 cv 41,4
1000 74'4
1000 . 74!i
0000 74! i
C M k St I 5s
1000 07'.
r . V 1 R P. 4s
1000 02),
CheH & Ohio 4Wa
2000.7. . 7Ui
3000 74",
1000 71',
1000 . 74H
dies & Uliloacv 4ti
1000... .. 78J
0000 . . 74J-J
1000 7S
5000 . 78
2000 . . . 7S
UlK-a A. Ohio cv 5a
10000
2000. . .
2Q00'
10000
10000
1000
Colo Ind
1000
ten & Rio Gr
iuou . . . ,-,7
Distillers Seo 03
17000 .... J,s,,
EMm Can 5a 1921
3000. . fist,
"'000 OSS
Dom of Canada '28
5000 04',
1000... 111',
6000 04 "
Dom Can 5s 1331
1000... . 95
-rlo ircn Hen
5000 50), '
Krle R 'it cv A
1000. . . 45',
t.it Xrn Ry 1m
2000 ... 73
Ha Klec Ry 5s
5000 . j,7
111 Cent 4s of 53
1000 72",
12000 ... 73
III Cent 4s of 53 reg
2000 . 7W4
III Cent R R GHs
2000 95
In H Co of XC 43
1000 00'.
Illinois Steel 4 ',4s
1000 84
Interboro Met 4
1000 3l,
1000- . 311,
2000 31
2000 . 31
Int Rap. Tran fd
1000 03' i
1000. I,V,
4000 . 03
15000 f,
If C Kt 8 & M
3000 100',
K C Ft S t .M 4s
5000 03".
Lack Steel Corp 5C.
2000 U5
L, S & M S Ry of 28
1000 85'i
5000 . H5'3
Lehigh Valley 6s
;iooo ioo;;
S000 102
Long Isl 5s 1937
3000 72
Manhattan Hlev ts
1000 65' j
Manhattan Elev 6a
0000 07
1 5000 . U07
2000 H04
5000 07
I 2000 0 '4
1000 1)7
I Mon Power 6i
' '2000 oil.'.
I Mo Pacillc Is
I 4000 . . 77
I 1000 7 '1
I Mo Pacific gen '
20000... . 57',
I 1000 ... . 574
1 X O Tex t Mex
I 1000 cr,
1 Xew Or T .4 M 6s
. 2000.. .. 50
' X Y Connecting 111
i 5000 8 '
X Y (' II R RR
I 1000 954
, 5000 00
I 1000 97?i
I X Y S Imp Canal
' 7000 lOSJt
' X Y 1 ' & H R 11 3 V4
I 10U0 1.9
X Y C i- H n ItR
1000.. . . 70Ji
,X Y Telephone lia
1000 9')i
1UO0O. 50',
1000. . . 99,
Xor CI So R 5s
1000 03
Northern Pac 4'
1000 S2!,
Nor At Western Cs
1000 97!i
Norf &. West ov 6s
Philadelphia Stock
Half,
50 Am Oas
It All Ins.. .
"00 AmStores. .
075 Am8hlp&C
25 Advltbm.
100 AlllaChal.
"4 UalLoco..
97 ComTIst p 130
400 ChlOW
1518 KlecStor. ,
00 UenAsph..
10 OonAspf.
110 LakuSiiC. .
30 UhNav.
50 LehlghV
135 PRR
.'K PaSalt
131 PhllaEl .
222 PRTtrcfs.
3n Roadlnir.
6-15 Tonopllel
100 TonMln..
25 UnTrac
2085 UOI.
170 USStecl ..
Net
IIIh Irtvr Closschite.
55) i 55 55
91 '2,i
32J 32J. '
S7M 37)1- '
40 ' 40
48. 48!i4- '
107 107
130 130 5
11H U,!'
22
321,'
38M
40 1
48)i
107'
11U
.10S).
01
138
. 21''
08
. 49 '
431i
82
25i
27
70W
3
2'
3Si
08
SUDDEN SINKING SPELL
FORCED U, G. L DOWN $2
Effort to Connect Selling Movement With Election Results.
Local 'Trading Extremely Narrow
Nil hniTA r.,4. t.u rf,mntrlon wlthf
last sale, on New Tortt Stock Exchange
Weakness, in 1'nite.l fins lmnrnvement
107H 107H-1' !,oc'k h n $2 decline to (WVb was the
01 01 -2 .""crmindnwlnir, feature of the local mar-
138 138 -2 l.-et. The selling movement doveloped
21 n-r - Miiurniy around mldflay, coming like a
G8 '1 bilt from the clear blue. There was
49U I no definite explanation offered for the
4 3'7 "'rnpted desoent in this ordinary utable
8- '-. Jical investment Iuriio. Homo effort una
. . - : - : --r - :
ninite to connect the selling with the elcc
tiou results. Much an argument was al
together Illogical, in view of the fact
that the other Icoot utility shnrs which
naturally would come under tho same
ji j Influence were unaffected, in truth, while
Hi -iirruiciy quiet ruled generally steady,
21 H
rs
49','
43)
82
255,
26)i
79M
2J(
m
38!'
GOV,
25U- H
JO'i- 'i
70H- Ji
2',- 'i
24
38),
67
104'i ll.3i 104
IMIMm Net
lltfn I.ow .men cobs
100 100 100 - h
68 68 G-S .'.
92 92 02
08 08 68 )t
99 7S 90 78 9978
91 93), 93U H
91 934 03i
Raleaiin
11000
1 Ilalloo'lsl 5s
4 EI&PeopT4s
I Leh.Vmn 4..H
l3)4LakeEuplno 5i DX
"100 Victory 4i
12 PhlUl'U 1st 5b
200PhllnUlec6i
Odd lots.
Liverpool Cotton
Liverpool, Sept 17. There was a
good demand for pot cotton today with
prices steady on the hasis of an ad
vance of fit) points for middling nt
18.ft:id. The salei were 8000 bales.
The receipts were 20,000 balex, includ
ing 2,1.1 300 bales American. Futures
were steady in the early dealirurs. Spot
prices were: American, middling fair,
2117d: good middling, llt.T.'td ; fully
middling, l().2.1d; middling, 18,tiJld ; low
middling. 1(1. 7Hd ; good ordinary.
Ifi. 13d; nnd ordinary. 14.l(0d.
NEW YORK BONDS (Continued)
L'n 11 R of S P 4a
3000 30
United Kintr '19
1000. ..100
IK)00. 99 15
15000 99J,
1000 09 15
UICofOBftl 21
21000.. 98',
U K of a B & 1
GHs.,1937
:umj . ...
1000
1000.
15000-
1000
1000
1000
0000 . .
3000.
11000.
5000
15000
1000..
07'
OS",
97
07'4
97
97
97
97.'i'
97),
97J."
97
97
07Jt'
2000.. . 78','
2000.. . 7S .
, 2000 78
U B Rubber is
3000. .. 87,',
1000. .. 8-),
10' 87V,
U S Rubber 7
1000.. . 100.
U S Steel 6s
Die stock nnnarentlv was offered at n
fine when the market was bare of buy
ing orders, and, taking advantage of the
opportunity, the price was offered down
n low oh possible. The Hollinp; pressure
liKuppeared (tiickly nnd the stock ral
lied to 07.
Outilde of this incident the tradine
wns listless, in truth the narrowing of
tne market was even more nculc than
observed In the previous sessions. The
tone altogether was inclined to heavi
ness. This. lioever, resulted more
from sheer lack of interest than pres
sure to tell. The character of the trad
ing suggested continued caution, which
was to be altogether expected in view of
the growing uncertainty of the labor
situation and the increasing irregularity
of the larger market.
The narrowness of. the market was
strongly exemplified in the movement of
both Klectric Storage Battery and Gen
et al Asphalt. Light offerings of the
former carried the price down more than
S2 to 107 Js. nut the stock as heretofore
was quietly absorbed. In General 4s
phalt preferred ?2 wns also clipped off
on a sale of a few shares.
Price variations in the bnlance of the
local stocks were circumscribed within
the same familiar fractional limits.
Minor advances w.crc scored by 4nirr-
iean Stores nnd Lake Superior, while
slight recessions were registered in
American flhlp, rhlladelphln Electric,
I.chlgh Navigation nnd Philadelphia
Hnpld Transit. In Hie inactive shares
Pennsylvania Salt led, with nn Increase
of $2 to 82.
llomls continued heavy under mod
ernto dealings. Hatdwin Lowmotivn
first us yielded per cent; Electric
nnd People's 4s, H per cent; Irfike,
Superior Corporation income fis, per
cent, nnd. Philadelphia Electric first I5n,
?s per cent.
NEW YORK COFFEE MARKET
New York, Sept. 17. The coffee,
market openrd quiet, with operators
feeling their way after the violent break
yesterday. On the call prices wore 12
pointa lower to 5 points higher, with
wall street, New Orleans and importers
taking the selling side.
It was believed the technical position
here had been Improved and this caused
a fair amount of covering durine the
forenoon. It was said that there weTe."3"!
good buying orders which would be ex
ecuted as soon as confidence would be
restored.
1 4V special cable from Santos said
thnt futures there were Unchanged to
22T rets higher, indicating nn im
proved tone.
The dispatch helped the list here,
December rising to 14.70c, March to
14.00c and May to 14.50c around tnld
dav. or about fifty to sixty-five points
aboe initial ngiirc.
December
March .
My .
Julv .
Bid
Yes close Op4in
14 22 U4.10
t4 t& M4.0S
14 10 14 10
...14 0.1 M4 10
11.00
-.in
14 2S
14 10
BAR SILVER
Commercial bur silver wns quoted In
New York today at 91.13 an ounce,
unchanged. In London the price, was
C1 !'.d, unchanged.
U S & Mexico 5s
5000 531-j
V S Realty & I 5g
2000 . 78h
3000 . . 78
500. . 781-i
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1000
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1000..
1000.
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99h
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West Klectric 6
1000 07U
West Maryland 4s
3000 56,
2000 56!'i
Wilson Co ov
1000 97!i
1000 97J5
Wilson & Co lat
2000.. .. 83J,
TOIIAY'S ltAXOE IN unFItTV nnvnt.
Sib. 0 Liberty ifoiidT " th, ",?cV y),x.
chavoe carry (ntrrwr ,0 in ' ,', f,f;
l.iheity ,1l..js .
Liberty 1st 4s .
Libert j 2d 4s . .
Liberty 1st A 14 s
Liberty 2d -ls..
Liberty .Id 414s .
Liberty 4th 4'4s.
Victory .'S-'Ks
Victory 4's
ItlKll I.O.V n in'
loo.fjo 00.0a iKi.no
. fu.no 04.no n4.n0
0.1.18 11.1.10 0.1.18
. 1C..2S 0.-..02 115.02
. IW.32 0.1.24 0.1..12
, 0.-..2I1 05.20 05.24
!W.2S 0.1.20 0.1.2S
oo.no no.si? no.so
0!I.!I0 00.82 00.00
Greater Safety
Higher Yield
Investment sentiment may
change and affect market values,
but there is no logical reason for
the comparatively low prices of
certain securities. Discriminating
investors can, without doubt, get
a higher yield from money well
invested than would seem possi
ble to those not familiar with
present financial conditions.
For a recommendation send for
Circular No. 7338.
Bonbright & Company
MORRIS WISTAR STROUD, Jr., Manager
437 Chestnut St. Philadelphia
New York Rostoi. Chicago Detroit
1 fiL eifev.
hW?HAL'CITV UU3 '
$10,000,000
The Firestone Tire & Rubber Co.
Seven Per Cent Cumulative Preferred Stock
.. Par Vlue $100
r'lw.iend.s payable quaueiij on the Ofteentli of February. Hay. Aug-uat and November. Callable a-, a
whole or In part at the option of the Company on anv dividend date on sixty
days' notice at 111) nnd accrued dividends
.t Q
85
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85
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61
1000 .
2000 .
2000..
Chi B &
15000
5000
1000..
1000
1000
4000 . .
1000
fhl 11
10000
1000
ciii & a w ily 4s
2000 . . 67J
Chile Copper Ss
1000 sou
2000 ty.
3000 89U
0001 SO
6000 ... SSJi
CHL. rt pt p 3d x ct
5000...... KDJ-j
1000 . . 80
1000 88'i
2000 81
C II St 1" 4S
1000 OS
10000 fi'J'i
Chi M & St P Ka cv
2000 . . . 75H
Chi & Gt West 4s
2000 671a
5000 57'.
fill & Erie 1st
6000 84
1000 84f
Chlnese Itwy 60
1000 ..,'-. 68
1000 hi ,
1000 68H
Chi Itock la Pao fd
10000 07H
5000 07X
CorNY lUnof.tl
0000 Wilt
CofNY i'iaot May
..101
..104! j
104
IOl
in r.a
505,
5ti'i
50' ,
000
1000.
10000.
2000.
N'orthern Pao is
6000
1000.
0000.
.Vorth Pacific 4
25000 77!,
Pac Uas & Ll 6s
1000 8t
Puunu en 4 IJs
2000 02;J
1000 93
Prima gen Hi
3000 b2J.
Ponna 11 Ii Es
8(100 .. .. 01.' i
1000 lllh
1000,. ... 90,
Plerca Oil 6s IUJ4
20000 1045,
10000 ...101.',
Reading 4s
1000 82
Rep I & H 5s
2000 91
It I Ark & L'llis
1000 62
1000 Gl
St '1. & S V ad
7000 035 j
St u & 3 I' 4a ear A
1000 58Jf
S000 58
27000 57Ji
.1 L. A f K 58 ser B
2000 70!i
So I'aa ta
1000 76H
5000. . 70.'i
So' Pao cv 4a
0000 82.',
30000 82W
1000..... 82),
60 Pau cvt 5a
1000 103
2000...... 103
Thrtd Ava a
5000 62U
'lol St L & Vf
lOOO 63
Dnlcn PaclCo or
6000 84
Union Pacific la
1000
3000
83
66: i
Stock exempt from the General Property Tax under, the existing- laws of the State of Ohio,
and dividend exempt from the present normal Federal Income Tax.
CAPITALIZATION
I'l.on completion of .renent flnant-lnir
Autliorttfd Oattandin
Common Slock $25,000,000 $3,560,000
7 Preferred Stock (this issue) 40,000,000 . 10,000,000
6 Preferred Stock 10,000,000 10,000,000
The following points are taken from a letter from. H. S. Firestone, President.
Complete letter on request.
One of world's largest manufacturer of olid and pneumatic rubber tire and other
rubber product, tire rim, and teel bate for aolid tire.
Proceeds will be ued for new equipment to increao output of cord and other
tire, to contruct new mechanical building and new teel rim plant, and provide
additional working capital.
Company will maintain al all time net quick ataet equivalent to 125 and total
net tangible aet equivalent to 200 of aggregate par value of both Preferred
Stork then outstanding.
Total net tangible aet over $48,000,000 upon completion of pretent financing
and after deducting the outstanding 6 Preferred Stock.
Average annual net earnings during lat 8J4 yaar wa $3,148,805, after divi
dend on 6 preferred ttock or over 4H time dividend requirements on the
7 preferred dock. Annual average of net earning for 3H year ended Octo
ber 31, 1918, wa $4,652,502, or over 6 time the dividend requirement on
thi iaue.
Beginning in 1921 not let, than 107c of the net income after providing for divi
dend on, and (inking fund for, the 6 preferred, and dividend on the 7 pre
ferred, hall be uted for'tye redemption of the 7 Preferred Stock at 110 If not
obtainable in the open market at a lower price. ,lf called for redemption, or in
case of company' dittolutlon, liquidation, merger or consolidation, thi stock it
entitled to 110 and accrued dividend after providing for the 6 Preferred
Stock at ame price.
An attractive issue, recommended as a conservative investment
We offer this stock for subscription, subject to allotment, if, as and when issued and
received by us and subject to approval of Counsel at
100 and accrued dividend
Temporary rertlflenfes will lie ready on or before. October I
Complete circular upon request.
The National City Company
Main Office National City Bank Building, New York.
Correspondence Offices in more than 50 Cities in the United States and Canada
Philadelphia 1421 Chestnut Street
Atlantic City Chelfonte Block, 1225 Boardwalk.
The Natiiw ity Company through tta experts has made a caroful analysis of the official utau-
ments. earnings, and values of the properties of this Company, and while It does not guar
antee them, it believes the statements tn this advertisement to be correct and lias
Itself acted upon such Information . .
Russian Govt 6
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