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EVEtfl&G PUBLIC LEDGER- PHILADELPHIA, WEDNESDAY, 0CT6bER 1, 1919
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TRADE BUYING HALTS
DECLINE IN COTTON
Outside Business Light Pending
Receipt of Crop Report
Tomorrow
COTTOX tlBt.T WKATHnn CONDITIONS
Nut York. Oct. 1. Tin- following torn
peraturta wre l tmrclr.l in the rntton tiflt
thl morning! ChMtannoml nnil Knosvllle.
US: .MerMlari, nm Fnrt Smith. 112- Abilene.
Shreveport, Oklnhnnii City. Vlrkebur and
Nahv(lle. nil: Atlanta, (IS; San Artonln.
I.ltlle Ilni-u Memphis. N"W Orleans nnil
Thomaavllle, 70j rmtiirnia, Wllmlnotnn
lind Jnrknonvllle Tl; Huron. Aun'Mn,
Charleston nl Savannah, 74' Corpus
Chrltl nn.l Tampa, T.l. and "Jnlveetnn, 7Ni
There waa 3, 1H Inchei of precipitation i'
JiKkannvllle. .13 Inch nt Wllmlnlom .lit
Inch ai Savannah, and
ton.
.28 Inch at Charles-
New York, Oct. 1. The cotton mar
ket today opened ialcr'lrt n decline of
23 to 45 points, Influenced by wenk ca
bles, fears of further strikes in Enn
land and favorable weather in the
South.
Liverpool local trnders and tlieHoutli
sold niiltp treelr. but there wan jtood
trade buying, which cheeked the decline,
nnd the market rallied about 10 points,
belnit Mi points under yesterday's close.
Liverpool was a steady seller of
January and March nnd there, was
scattered realizing for over the bureau
report, also some southern selling.
Offcrlnzs were verr well absorbed on
I the Initial decline and the market later
licld steady wttn prices working some
II) to 23 points up from the lowest nnd
within 111 -or in points of last night's
close.
The mnrket Is expecting a condition
report of between M. nnd 5." and a
crop Indication or between iu.guo.oou
nnd 11,000.000 bales.
The receipts at the ports for the day
are estimated at 27,000 bales, against
12.040 bales a week ago and 23,110
bales a year ago.
Tent.
c'-one Open
Oct M.Mttno at. 40
Deo. 32.21 ft M SI. SO
Jan RS.SKffUII .11. OS
March 32.4.10 47 32.2.1
..May 82.B0WS5 32.28
juiv -trc.ia ....
I)ld.
11
a. m.
32,13
32.2
1:30
p. m.
32.17
32 24
32.33 32.40
2,169,764 USE CITY POOLS
The yearly attendance nt the thirty
public swimming pools fell off 340,022
this year over the totnl for 11)18. The
comparative totals nre 2.540,380 for 1018
and 2.100,704 for this year. A total ef
43.".012 men. 1.270.703 boys. 134,747
women and 350..102 girls attended dur
ing the year. The pools closed last Saturday.
BROADER MARKET
F
OR RA LROADS
COMMISSION HOUSES i
GOOD BUYERS OF CORN,
LOSSES SUSTAINED
Abundant Supply of Money
MaKos Shifting of Activity
an Easy Task
STRIKE NEWS FAVORABLE
"Foreign Trade Through' Foreign 'investments"
Opportunities are offered Amer
ican investors to assist in
'The Reconstruction of Belgium
on a basis which may mean a very substantial profit. On his trip
across the Atlantic King Albert stated: "The situation in Belgium is
improving. Our people have done work in greater proportion than
the people of any country seriously affected by the war, and recon
struction is going forward in a most gratifying manner."
On Account of
Present Exchange Rates
Americans are able to buy
BELGIAN GOVERNMENT
5 National Restoration Loan of 1919
"issued in denomination of 1 ,000 francs (normal value $193) at approx
imately $135 in American money. Should exchange return to normal
this would mean a profit of approximately 43. It will also mean
(a) Greater ability on
purchase American goods.
(b)
the part of the Belgians to
Greater opportunity for all American manu
facturers exporting to Belgium and therefore increased
industrial prosperity in the United States.
The heroic struggle of Belgium in the great war, the strategic position
of its territory, its great manufacturing cities, the great asset she has in
the Congo, and the assurance that Belgian exchange will reflect im
proved conditions as soon as the reconstruction7 period is over, all
prompt Americans to consider the
Belgian Government 5 National Loan of 1919
Send for Circular No. PL-64, which
. " describes this investment in, detail.
i
A. B. Leach & Co. Inc.
Investment Securities
115 South Fourth Street, Philadelphia
Farmers Bank Bldg., Pittsburgh
New York . Chicago Boston Buffalo
Minneapolis Baltimore Scranton Cleveland
New Torli, Oct. 1. The Now Yorlt
Kvcnlnc Sun's closing financial review
today Rajs:
A broad nnd active demand for rails
and certain industrial specialties
featured today's stock mnrket, while
'ntent strength was manifest throughout
the list.
The railroad shares assumed the po
sition of leadership nnd gains of one
to two points were mnde lu (lint de
partment, the lower .priced issues hav
ing btcn lu especially brisk demand.
Strange to sny the reason for this
was to be found in the existing labor
situation. It has been taken for
grnuted nil nlnng that n 'Si per cent
rate increase would be given the roads
nnd it was thought that the time was
not far distant. Now it is regnrded as
a certainty that the increase will ma
terialize In. the near future because the
decline in shipping ns a result of strikes
is general, and the steel strike In pnr
ticulnr has tended to convince the gov
ernment railroad administration thnt the
roads cannot hone to make up the ul
rciuly large deficit without it.
.Justice Hughes's conclusions with re
spect to the constitutionality of the ex
cess earnings provision of the Cummins'
utw continued n factor nlso. Still an
other factor is that the abundant supply
of money in the country available ,for
investment and speculative purposes is
constantly seeking nn outlet. If for
any reason the industrial stocks do not
at the moment prove as attractive bc
cause of higher levels of prices or doubts
about the steel staikc or other disturb
ing elements, interest shifts elsewhere.
Last Week Itvwns to some extent
Liberty Howls vhich nttrncted atten
tion. Just now it would seem to be the
rails, although It could scarcely be said
thnt the industrials were neglected to
day. Judge (Jury's testimony nnd presen
tation of statistics before the Senate
strike investigation body tended further
to strengthen the view quite generally
held thnt the steel walkout whs ynck
ing in basic justification, whether of
the wage scale or working conditions.
This was n bullish intlueuce because
it was believed it would serve still
more to alienate the sympathy of the
public.
Reports from strike areas continued
favorable aud cables from Loudon
stated thut men were returning to the
railroads In Kngland and Mint the
service was slowly improving.
The stel and equipment slmres were
a bit lethargic following the expansive
movement of Tuesday, but they dis
played streueth of n sort. Crucible
dashed to n new high record of 2."m,
up nine points, but that stock was
erractic.
the coppers, made a good showing
nnd so did the tobneos. The oils nd
vnnced from time to time, but support
wus not consistently offered. The mo
tors were heavy.
Atchison, Reading, Union Pacific
New York Central and Chesapeake and
Ohio were features among the stnnd
nrd rails. Wnbnsli A. Texas and Pa
cific Rock Island, Krie, Misouri I'a-
citir, b risco and nttsburgli oi est
Virginia were in unwonted demand.
NEW YORK COFFEE MARKET
New York. Oct. 1. TJie market for
coffee futures opened quite and lower
this morning, due. to indications of fur
ther weakness in the Brazil markets.
Call prices were 13 to 18 points below
the previous close.
The market appears to be much over
sold and subject to quick rallies on the
signs of demand. Hears, however, point
to the fact that Brazil lias sold little
coffee and no advance is likely to be
sustained until they have unloaded suf
ficient of their holdings to relieve the
situation.
"The Oldest Curb House"1
As a matter of public record the following information is fur
nished regarding the organization and management of the
Allied Oil Corporation
(Organized under the Laws of Delaware, 1917)
CAPITAL STOCK Par Value of Share $1
Authorized $12,500,000
Outstanding $9,583,462
Company has no Preferred Stock, and no Funded Indebtedness
TRANSFER AGENT AND REGISTRAR, "Security Transfer and Registrar Co., New York
OFFICERS AND DIRECTORS:
J. B. LEVY, Chairman and President
Mineral Wells, Texas, Oil Operator.
E. A. NISBET
Formerly Sec'y & Treas., Benedum
' Trees Oil Co.,
Pittsburgh, Pu.
EDWIN N. OHL
Pittsburgh, Pa.
Director Keystone National Bank
ARTHUR B. CASE, Vice-President
A Fort Worth, Texas,
.Vice-President and General Manager
Armour & Co., of Texas. .
SAMUEL L. AYRES, Vice-President
- Boston, Mass.
Export Wool Merchant, Ayres, Bridges
&Co..
J. G. SCHWARTZ
Pittsburgh, pa. ,
GEO. A. BURRELL
New York.
JOnN F. HANSEN, Secretary
New York,
Vice-President Terminal Cities of
Canada, Ltd., Montreal, .Canada.
MORRIS L. PAINTER
v Greensburg, Pa.
Vice-President Westmoreland National
Bank.
D. C. ADAMS, Treasurer
New York,
Formerly of Marwick, Mitchell, Pear &
Company.
CHAS. C. HENDERSON
Pittsburgh, Pa.
Assistant Treasurer Allegheny Steel Co.,
Pittsburgh, Pa.
Net earnings from oil on basis of present production are at the rate of over $3,000,000
per annum, and net from natural gas and gasoline, upon completion of construction pro
gram, it is estimated, will amount to $2,000,000 per annum.
Dividends' at rate of 12 per annum are being paid, the next quarterly disbursement of
being payable, October 10, 1919.
Complete Circular.
3
c.
25 Broad Street
,tf
kwUsV1
W. POPE & CO.
New York City
Market Stronger on Wet
Weather and Higher Rates
for Foreign Exchange
onAt.v ni:t,T weather forecast
ChlcuRo. Oct I Illinois Fair nouth:
Prlly cloudy, with howr north tonight
nd Thumday. Mhrnourl Fair and con
tinued warm tonlnht. Thursday partly
(loudy. Wisconsin Showers tonlrht and
Thursday, warmer Minnesota Hhowers
tonlrht and Thursday Iowa Unsettled
tonight and Thursday.' rrobalily shower",
warmer east tonlitht, rooler Thursday.
North and South Dakota Mostly cloudy
tonight and Thursday, probably ahowers
esst. Mehraska I'artU uJoudy. probalir
local thunder showers cist tonight; cooler
ttnlght: Thursday fslr and cooler. Hansa"!
Partly cloudy tonljht. cooler: Thursdai
fair and cooler. .Montana and Wyoming
Unsettled, probably showers tonight ana
cooler; Thursday fair.
Chicago, Oct. 1. Wet weather over
the greater part of the belt, higher rates
lor foreign exchange nnd otrengin iu
Kpcurltii' at New York encouraged good
buying of corn by commission hoiws
today, and the market developed
strength.
Ixieal interests;, who opposed the ad
vance early in the session because ofn
break in hog prices, the big strike in
England, labor trouble nnd continued
lethargy on the port of outside in
vestors, were forced to cover, anil
the bearish influences were nullified.
It was plain that the bears felt less
secure in their position. Crop news
was benrlsb. as recent abundant sun
shine helped the grain to be free of
damage by frosts. The first run of ltll)
yield is showing high quality.
There appeared to b no chance of
any demnnd from distillers until the
ratification of the peace treaty.
Oats were strong, with export de
mand the bull factor. About 100,000
bushels more were sold to the sea
board. A leading elevator interest yns
on the buying side. There was selling
I by local traders, bur a good demnnd
from commission houses was in evldeuce
ou nil setbacks.
Iteceipts were small nnd stocks are
decreasing. Offerings from both first
and wcoiid hands continued Jight,
Leading futures ranged as followa:
Cirn (i.ew delUery)
Open Hloh
Dec. ... l.lM'i 1.2TH
May . . . l.SSto 1. -."'
Oats
Pec. ... enm 71 N
May . . . "2H ".TH
Pork
;i . o i
33.00
INCURBTRADNO
Many Recent Favorites Are
Pressed for Sale Asphalts
in Supply
TENDENCY IS REACTIONARY
Sew lorli. Oct. I. There wns a re
actionary tendency to the trading in the
JJroad Street Curb and the leading
stocks sustained losses ranging; from
1 to more than points.
(icneral Asphalt was in rupplr, sell
ing down to 131V.. ll hiss of iiiii'rn llinn
." points, nnd the preferred declined dur-
ing the forenoon to 1UH. Shell Trans-
pore soiu olt J point, to i.i'Ji-
.Many of the stocks which hnve re
cently appeared on the market were
nlso pressed for sale, Loft. Inc.. drop
ping 1, to J7',. Itetnil Candy was
weak ranging from 'J2j to 2lVi and
American Safety Unzor sold down from
IS'j to 17j.
Indian 1'ncklng was heavy nnd in
supply at around ''.". Tutted Pictures
maintained a strong tone, selling nt 'Si
to 'Sit.. Submarine Itont wns traded
in at ITVj to 17. Tobacco Products Ex
ports showed no change in its market
position, sales being mnde nt :!(', to .'l.".
Aetna Explosives sold at TO'C, to 10.
Mnrconi of America was steady, with
sales at 0 to 7. Sweeis of America
dropped from 12'. to 11',.
INDUSTRIALS
1)1.1
17
Oet. . . .34.00
Jan. ...3J.SO
Lard
Oct. . . . L'7 30
.Ian. . . .22.110
Rlb
net ...ls.r.r.
Jan. ...17.0.-.
27.32
22.7.1
Low
1.24 V
1 2-'S
ens;
72S
ai.no
32 -,
27 20
22 n
Closo
1 21m
1.21U
70
73'i
Vest,
close
1.24S
Rl3
724
31 fi-J 4. 80
33 110 33.2."
27.30
22 7r.
27;30
22.70
Hid. tAsked.
IS. 70
1S.20
1 ll."i
17.H2
IS 70 ttS.RS
1S.15 18.10
LOCAL MINING STOCKS
TONOl'Alt
STOCKS
nid
. .07
. .211
. ..IN
. .IS
. or,
. 12
December .
March
May
July
September
Did.
Yesterday's
close Open
14,43 14.30
14.43 M4.28
14.42 M4.20
14.40 '14.20
'14.10
11
n.m.
14.3.1
14.2,-1
I CHICAGO BUTTER AND EGGS
Chicago, Oct. 1. nUTTER Receipts. 3031
tubs. Market lirm. Extra. 02Vic: firsts,
51flC.lc; seconds. 4ft30c.
EOOS Receipts, 7102 cases. Market firm.
Firsts. 31 SfMVic: ordinary firsts, 444."c:
miscellaneous. 444Sc.
General Asphalt
We have prepared for general
circulation a comprehensive
discussion of the Venezuelan
oil prospects of this tompany,
which should be of special in
terest not only to its share
holders, but also to those of
Royal Dutch
and
Shell Transport
and Tr?""
On request for circular C
P.-50 we shall be glad to
send yuu u - ,
Hartshorne.Fales&Co,
Member N. Y. Stock Exchange
71, Broadway New York
Tel. 7610 Bowling Green
Cash tloy
Jim Mutler
MacNamara
Midway
Mlzpah Extension
Montana N'orthern .Star. . . .
HescUP 15ula 17
i'onopall Divide BO
Tnnopah Extension 2,
West Knd 1 '4
Wot Ton 10
D1VIDK STOCKS
Allied Divide 07
Alto Divide 15
Helcher 3S
lien Hur 00
llrough Divide 1;
Divide Extension H.
Divide Syndicate n
Divide Con- 11
Dividend CO
Bast Divide 10
Hasbrouck Divide 12
Hlsh Divide to
Hevert Divide 40
Reno Divide 0.1
Uosetta 12
Silver King 13
Tonopah Divide r.
Tonopah Hasbrouck...., 2R
Victory Divide 2(1
Verdo Divide 2.1
Zono or,
OOI.DFIKI.D STOCKS
Atlanta 02
Blue Hull 02
HooUi 0(1
c a I) 02
Comb Fraction 03
Crackerjack OX
Development 13
Dlamondfleld U n 01
Daisy 02
Florence 00
Uoldflelil Con 17
Uoldfteld Merit 03
Great llend 02
Jumbo Extension- Oil
KewanRs
l.one Star.
Oro
ned Hills.
Silver IMck
Spearhead
.03
(IB
(11
04
07
0'J
.MISCKLLANKOUS
Ainparo
Arizona United. .
Eden
Mother Lode. . . .
Nevada Hill
Nevada Rand. . . .
Promontarlo
Nevada Wonder.
Tecopa Mining. .
Whlto Caps
14
.25
.
.02
.25
1W
.40
.09
.16
Ask
.OS
.2"
.02
'.07
.15
.07
.10
.03
2i
1
.13
.on
.17
.OS
.10
.05
.12
.14
.12
.45
.07
.1 I
.15
K',i
.32
.30
.30
.(IS
.04
.03
.OS
.03
.1)5
.07
.13
.03
.19
.05
.03
.11
.03
.07
.03
.00
.00
.10
.30
.53
.04
.30
.50
.12
.18
(1
s'i
11
S2
15
Aetna Explosive?
Allied Packers
American Safety llazor
rtni lira .Mis 2
Am Marconi tj:
Amer Writing Taper 13
Air Reduction ,V1
Atlantic Loboa si
Canadian Car Co 3.",
Chandler Motora 07
Con Car ft Fdy pfu 0(1
Carbon Steel 11"
Carv, en Tool n
Ch.ilmera Motors s
Chevrolet .Motors 230
Coca Cola 3ut
Cramp in
.-uruss .Aeropia-ip 14
x-.merson .monograph
Hall Signal
Ileyden Chem
Hupp Motors
International Motors .
Inter Products
Inter Itubber
Indian Pack
Lake Torp Hoat
Lehigh Coal Sales . . .
l.lbby. McN 4 I.lbby
Lima Loco
Loft lnc
Martin Parry
N Y Shipbuilding ...
Nor Amer Pnp Pulp
Otis Elevator
Otis Steel
United Motors
Pressman Tiro
Perectlon T & Jl . . , ,
Philip Morrla
Poole Eng
Iletall Candv
Scrlpps-Itooth
Sheli Transport
Standard Motora ....
fleet Alloys .-,
Submarine 17
Sweet of America 1 Pi
Snlft Int Ml
Tobacco Products ...1
Todd Shipbuilding 1i.
Triangle Film v.
United Motora 5o
United Pront Sharing .. 2?i-
United Pictures 2."
U S Steamship 44
Vanadium 41
Vlavadau "
World Film si
Wright-Martin Air . i
si'"1
2(5
115
17'4
Ves
Ask
10si
54
IN
(I
H's
II
5S
S5
45
1)0
1(H)
120
II
301)
III
ISO
17
7
l
II Vj
12
III
5'-i
close
(sale)
10',
57 "j
. 3d
. ."(I
.' 1
. 11
. 30
. . 70
4.
l'.i
12
Till
50
7(l'.i
It
II
18
r.iT
37
110
211
IT.
4 Hi
6
sSl
1 '.
2'4
'4K
Illinois
Ohio
Prairie Pipe
S O Cal ...
S O N J ..
S O N V ...
HTANIIAKD
BUTTER, EGGS AND CHEESE
,Nw York, Oct 1 lU'TTKR Higher and
firmer. Receipts, 7131 tubs. High scoring.
04V503c: extras. (!3V4(?il4oi firsts. 5703c;
seconds. 5153ci state dairy, (12W03c.
EGC!S Strong. Receipts, 14.737 cases.
Fresh gathered, extra firsts, 03&t!oc: fresh
gathered firsts, 00(i (12c. fresh gathered sec
onds, r26Uo; gathered extra firsts, Odfi)
SOc; dirties No. 1. 40J4So; No 2. S846c;
checks. 4243c; undergrade. 420443c; firsts.
oSttOOc; seconds, 31(tf50c; stpte and nearby
hennery whites, 32il'N4c; gathered whites,
HOtfFSSc; western gathered whites, 8380.-:
Pacific coast, 83(rf84e, western and southern
gathered whites. 5Sia7sc. state and nearby
hennery browns, 70(t73e. gathered brown
and mixed. 50B50c; fair to prime, o803g;
refrigerator No. 1. 4t)lh'3lc
CHEESE Steady to firm. Receipts. 5130
boxes; flat, current make, colored, average
run. 3031'io; flat, current make, white,
average run, 30VjVr31e; colored specials,
3(H4S31'ic; white specials. 30O30V4C.
LONDON METAL MARKET
Ixindon. Oct. 1. Cable advices received at
the New York Metal Exchange this morning
quoted prices In London today as follows;
Tin Spot, 1271 10s. a decline of 3: futures.
1270 10s. a drop of 1 15a. s'ralts. 2711.
an advance of Ids. Sales Spot, 80 tons:
futures 400 tons. Singapore, 270, a drop
of 1. Sales, 150 tons. Standard cdpper
Spot, 108, an advance of 1 5s, and futures,
101 5s. n decline of 5s. Sales, spot, lllll
tons; futures, 300 toni. Electrolytic con
el Spot. 110; futures. 120, both un
changed. Lead Spot. 25 12s 6d: futures.
20 2s Od, both unchanged. Spelter Spot
40 13s; futures. 4t Ids. both unchanged.
Allen Oil
Boston W.io Oil
llrazos Oil ....
Cosdcn ft Co . .
Elk llasln
Home Oil
Inter Petroleum
Island Oil & T .
(Jlenrock Oil . . .
Houston Oil ..
Merrlt Oil
.Met Petroleum .
Midwest OU ...
Chlo Fuel
Omar OU & Oas (n)
OILS
.173 178
.3(15 375
.2S0 2SS
.300 305
.730 740
410 418
IM)KI'B.M)K.NT OILS
i;
370
3U3
. 74 7(1
. 2H 211
ll1. 11 n
.84
J?,V 20'i
. 3IM, 35
. T, H
. 414 4i
.115 120
. 23 23(4
2',4 -ja,
.175 177
. 2.1 20
It otA
Sapulpa Refining 1 7s,
Sequoyah u r2
southwent oil 2t 5
United Oil 1 "ii
MINING STOCKS
Jt li lW
J4
11(4
TO THE HOLDERS OF
Eastern Pennsylvania Railways Company
First Mortgage 5 Bonds
At the request of the owners of a large amount of Bonds,
the undersigned have consented to act as a Committee under the
terms of a Deposit Agreement which has been prepared and
copies of which may be obtained from the Depositary, the Sub
Depositary or from the Secretary of the Committee.
More than a majority of the bonds have already been de
posited, but in order to give all bondholders the opportunity
to avail themselves of the benefits of the Agreement, the Com
mittee has determined to accept deposits of bonds up to the
close of business October 17, 1919, after which date deposits will
be accepted only upon such terms as the Committee may impose.
Bonds should be deposited with the Depositary of the Com
mittee, the CENTRAL UNION TRUST CO., at its office, 80
BROADWAY, NEW YORK CITY, or with the Sub-Depositary,
the GJRARD TRUST CO,, at its office, BROAD AND CHEST
NU,T STREETS, PHILADELPHIA.
The Depositary and Sub-Depositary will Issue transferable
Certificates of Deposit in respect of the Bonds deposited. All
Bonds should have attached the January 1, 1920, coupons and
all subsequent coupons. Registered Bonds should be accom
panied by properly executed transfers in blank.
New York, September 29, 1919.
GEOROK WHARTON m'l'KR, Esq.,
Counsel
ROBERT. N. BM1THER, Sccrctarr
Care of
CENTRAL UNION TRUST CO.,,
mi wvauwsr, ricw jerat
life
SW JSf
KDWIN 0. MURKILY, Chairman.
HERUKRf COri'Ktl
A, A. JACKBON.
LKWJS A. H1LKY,
YlimrAH WW1IAIX.
Com mitt r
Alaska B C
liR Ledge
Uutte New York , . .
BoKton Mont
C P 3 4 Jerome . . . .
Con Ariz
First National
Forluna Cons
Ooldtleld I'onH
Uoldfteld Florence . . .
GoldfleM Kewanas ..
Goldfteld Merger .. . .
Green Monster
Hecla, Mining
Howe Sound
Independence Lead .
Jerome Verde
Jim Butler
Jumbo Extension ...
MeKlnley-Darragh ..
Maema Copper
Mother IvOdo
Minen Co of America
Nl pi Mine
Ray Hercules
San Toy
Tonopah Extension .
United Verde
West Knd Con
7,
s.tt
17
, 40
.1
3
ti
R'i
4U
. :.
o
iir
47)
ri
n"
i'.t
7
lift
4i
li'f
White Caps 17
BONDS
Cosden Oil 0s 101
77"
.3
80
Jit
s
5
"4
it
IN
mi
03
'1
m.
li'a
45
!4
'?.
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LAKE SUPERIOR MEETING
No Action Taken on Settlement With
Railway Bondholders
President Wilfred II. Ciiimiiigliuni,
presiding at the ntinuul meeting of tlie
btoekholders of the Lake Superior Cor
poration today, said that the tentative
plan for settlement with the rnilwu.i
subsidiary bondholders was not ready
for submission to stockholders nt this
time, and in view of the fact that the
matter was complicated, lie deemed it
inadvisable to discuss the terms of the
proposition.
Indicating the time within wliieh the
mntter might bo cleaned up. Sidney
Mason, a director, said that the settle
ment was predicated on becoming ef
fective on .January 1 next, and that it
would require approval on both sides of
the Atlantic, the sanction of tuo Eng
lish bondholders being as necessary as
that of their own committee.
The meeting was entirely harmonious
and sentiment favored leaviug details of
tne proposed setucmenr. in tne nanus
of the directors.
It is uncertain when the date of the
special meeting for this purpose will be
fixed.
Thomas Gibson, of Toronto, was
elected to fill the vacancy iu the board
caused by the resignation some time ago
of Thomas Wighani. Mr. Gibson was
formerly president of the company aud
is now its general counsel.
DIVIDENDS DECLARED
Eureka Pipe Line Company, quarterly $4,
payable November 1 to stock: of record Oc
tober IS.
Southern Oil and Transport Corporation.
Initial 2 2-0 on preferred for period from
June 20 to September 30, 1D10, payable Oc
tober IS to stock of record September 30.
Mldvale Rteel and Ordnance Company,
quarterly of II a share, payable November 1
to stock of record October 15,
New River Company, a dividend of 11.50
nn preferred, payable October 1 to. atock pf
record October 4.
American Clear, quarterly of 2 per rent
on common, payable November 1 to stock of
record October 15.
Pere Marquette, quarterly 1H per cent on
prior preferred, payable November 1 to stock
of record October 20, subject to approval of
the railroad administration,
BAR SILVER
Commercial bar silver was quoted In
Agent and Attorney
Accounts
rg MIE great increuse in the detail of manag---
ing invested funds lias led many individ
uals to seek the services and advice of a trust
company.
For a small annual sum this Compuny will
assume the safe-keeping of securities, collection
of income from any source and remittance at
stated periods, with accounts showing all the
transactions. Our officers will welcome in
quiries, either in person or by mail.
Philadelphia Trust Company
415 Chestnut Street
1415 Chestnut Street
Sinclair Consolidated
Comprehensive Description of
the Sinclair Merger
Its position in the world's Market and its
relation to the transition now occurring in the
Petroleum Trade.
Circular B-l, with much new information,
balance sheet, geologist's report, double page
map of oil properties, pipe lines, refineries, etc.,
sent upon request.
Lyman D. Smith & Company
Members New York Stock Exchange
34 PINE STREET ( NEW YORK
Telephone John 4100
BRANCH OFFICE: 527 FIFTH AVENUE
Telephone Murray lllll 8700
dllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllUIIIIIE
Buying Bonds with
an Eye to the Future
Bond yields are higher now than in prerwar days.
But in a couple of years, when all prices are back to their
normal low level, the bond brought today will continue its
high yield till maturity.
Obviously then, this is the time to buy good long
term bonds. Send for our list of diversified bonds and
preferred stocks.
EST &
1417 CHESTNUT
STREET
A-
IV e.
Memhera
New York fitork KxrhatirA
Philadelphia Htock Kxehanre
Always llae on Hand u I.Ut of High Grade llonds
Correspondence Invited
"iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiHiin;
We advise the purchase and
are making a Specialty of
U. S. Government Bonds
and are prepared, at any time,
to buy or sell large or small lots
We have prepared a circular on
investment securities which we shall
be glad to send you on request
IGdctePeabodfyfi-Co.
11$ Devonshire St
Boston
17 "Wall Street
JNTewYoa-l
V
nice. ii iew lor ronay ar, 91.111 an ounce, an
H ndyance of '0. In London the price I
. ' J.U'M Old, u&ebKoroL - . I
Willys Corporation
8 Cumulative Convertible Preferred Stock
Net tangible assets $287 per share. Business booked
for next twelve months five times maximum annual
dividend requirements. No mortgage or lien, except
Purchase Money Morgtages, may bo created without con
sent of 75 of this issue. Larpe annual Sinking Fund.
Convertible at option of holder into two shares com
mon stock for each share preferred. Mr. John N.
Willys is President
Prica $100 per thare and acoutd dividend.
GARSTAIRS & CO.
itcmlcU thUaielpMa and New Vor Sloefc Exotwnmt ,.f
1419 Walnut Street
71BrtMtlrryfT.-:
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