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EVENING PUBLIC liEDGER PHIUABELPHIA, THURSDxVY, OCTOBER ''9, 1919
23
WLa ' -1
EsSjS Wtnpfjttf,
1
V
I
h'1
i
AUtiO'of RAILROAD EARNINQ8
Washington. Oct. J). Earnings of
the larger railroads of the country In
August were cstimntcil at JOO.OIKJ.S.'S,
x as ?f'arftI with M28,441,noi for Au
gust, lOjR, nccorillng to an nuiiounco
mtnt by the Interstate Commerce Com
lnisstpn. .TJ19,'""',""S-V. oporntluB revenue totaled
"nMJS'l'H '" A"1' compared with
nj04. 13,00.1 In the uorrcRpondltig
I,JSftlt;L'at't rr.' Kspeiisex In Aticimt,
.3ril).2Cn.22n, compared tilth $r,(iO,40:,.
342 for August. IMS. The net rerenne.
estimated. Sn2.4ii7,14S In August,
1010, compared with $14 ,250,051 In
the corresponding month last jcar.
GOVERNMENT BONDS
nw. Ant I
I'anama coupon -, ivoo....... uv ..
Panama, reatstered 2b. 1I8).... 8tt
Panama coupon 2s 11)38. ...... 00 i ..
Panama registered Za. 1088.... P8!i . .
Panama coupon 3k. 1001 80 1U
Panama registered 3s, loot.... S l
Phllliiplno -In. 1034.-, J n
Philippine 4a, 103.1 '' VI
Philippine 4S. 10311 112 (111
V P Oov coupon L's, 1030.- toil ..,,
If S Oov registered lis. 1080. ...Wii , lunjj
M H Oov coupon 4, 102.1 mni Jinji
TT H Oov registered 4s, lB2!i... .lOdU 100'
tils of Columbia 2-fl.ls. 1024.... 07
, Liverpool Cotton
Liverpool, Oct, 0. Spot cotton was
active today, with prices steady on the
hash of 20 ppints for middling
at 20.8pd, The sales were 10,000 hales.
The receipts were 2000 bales, Including
1100 bales American. 1'uturcs were
steady In the early dealings. Spot prices
were: American, rolddllug fIr, 2.'1.7."d;
good middling, 22d: fully middling.
21:40d; middling, 20.80d; low middling,
18.8ml: good ordinary, 17d, and ordi
nary. lCd.
"Foreign Trade Through Foreign Investments"
The Present Exchange Situation
Offers Opportunities to
.. American Investors
,,
fVe invite careful consideration of the following facts:
The obligations of France, Belgium, England and Italy arc
universally considered to be the safest in the world. However,
due tf the current rates of exchange, Americans buying1 the
internal loans of these governments may make an ultimate
profit on such investments of anywhere from 15 per cent to1
over 100 per cent.
Former wars have invariably been followed by higher prices
and prosperity, resulting in important industrial economic and
intellectual developments in the countries that have been at war. '
The purchase of internal loans of foreign governments by
, Americans is the most logical way of" stabilizing foreign ex
. change, and it will at the same time strengthen domestic as
, well as foreign investments.
Any improvement in foreign exchange means the further devel
opment of otir own domestic industry and commerce.
By investing in the internal loans of these European nations we
" will help our Allies, who are our best customers, not by charityv
but in a most businesslike and concrete way.
. "' ..."
The ftilloioiAng comparison' of prices of government issues
emphasizes their stability:
BRITISH NATIONAL WAR LOAN 5s, issued at 100, are
selling at "par . v
FRENCH VICTORY 5s, issued at 87y2, are selling at 90l2
FRENCH 4s OF 1917, issued at 68y2, are .selling at 71 Vs
ITALIAN 5s are quoted at about 95, an improvement of 7
points .within a short time
BELGIAN GOVERNMENT RESTORATION 5s are selling
at 103 as compared with the issue price of 95.
Send for booklet "Borids of Foreign Nations" N
A. B. Leach & Co. Inc.
Investment Securities
115 SO. FOURTH ST., PHILADELPHIA
Farmers Bank Bldg., Pittsburgh
New ,York
Minneapolis
Chicago
Baltimore
Boston
Scranton
Buffulo
Cleveland
J
89,o6o Shares ' .
Mercer Motors Company
TBANBFF.n AOENT:
Guaranty Trut Co. of Now York
ItEGISTRAn:
Columbia Trutt Company
CAPITALIZATION
Authorized ,
Common Stock (No par Value) . 1 10,000 Shares
To be presently Issued
100,000 Shares
From a letter of Mr. Emlen B. Hare, who is to be President of Mercer Motors
Company, we summarize as follows:
Mercer Motors Company is to acquire all the properties, business, assets,
etc., of the Mercer Automobile Company, or substantially the entire Capital
Stock of the latter Corporation, and is to be provided with $1,000,000
additional cash. . '
The Company's manufacturing plant is at Trenton, N. J., on the main,
line of the Pennsylvania Railroad, and consists of a plot of 12acres on which
are located a modern factory, offices, drafting rooms, etc., having a total floor'
space of over. 137,000 square feet; so constructed as to provide for ample and
ready expansion without undue interference with production.
It is estimated that production can be increased to 250 cars per month
by January, 1921, by the expenditure of about $650,000 out of the cash being
provided by the present financing.
Net earnings, before taxes, for the three months ending August 31, 1919,
averaged over $42,000 per month, or at the rate of over $500,000 per year,
and it is estimated, with the contemplated increase in production, that they
will amount, before taxes, to approximately $800,000 for the calendar year
1920, and $1,500,000 for the year following.
The legal proceedings In connection with the incorporation of Mercer Motors Company and
the Issuance of Its stock are to be passed upon and approved by Messrs. McAdoo, Cottefn ct
VanfcHii. xCtirrent assets and current liabilities have been verified by Messrs. Deloltte, Ptenderi
Griffiths & Co., Publln Accountants. The property is being reported upon by Mr. Ernest IV.
Pitman, Industrial Expeit. The plant has been appraised by the Standard Appraisal Company
of JVetc Vor'.'.
Price $40 per share
Delivery when, as, and if issued and received by ui.
I
( !
Colgate, Parker & Co.
49 Wall Street New York
The information contained in this advertisement, while not guar-
,V V .V. ,.,.
ant cat, U derive rol at-r which we believe I
m$?:m.
, ,
t.
mwamnMMnfwnvwwmiiHHBaHMVMHBvatw n
lllffl ItlimUlMI IH IIWMIMII !! H IMIII
ANOTHER BUSY DAY .REALIZING SALES
IN CURB MARKET READILY TAKEN
nny other. No matter liow favorable
the outlook may be for the worsting of
(lie (strikers in the exiitlnj; stmgglc, the
fnct thnt H drags on is more or lesi
disurblng.
London Bank Statement
Ionilon, Oct. (I. The weekly state
ment "of the Jtank of ttuglantl 'follows:
Totnl reserves, 1!2,170,U00 : decrease,
2011,000; riirulntlon, 81,-10o,000; In
crease, 203,000: bullion, 88,120,000;
decieae, ,'i000; other securities,
S1, 707,000; decrease, 283,000; other
deposits. 120,331,000; decrease, 880,.
00J; pul)llcdeposits, 23,101,000; de-
PrPftSft. f 1!.T1 1 .fMVl cnnAFiihinnf rnnnrl.
VANADIUM STEEL STRONG NEW LEADERS IN PLENTY & "'-,1-niM!I; lcTT' "V"'-
(serve to liabilities is nmv Ifi.nd imi
cent, ngainit 14.30 per cent last week I "
Trading Is Heavy and Fluctua
tions Wide Houston Oil
Moves Up, Then Reacts
Never Before Have Such Exten
sive Transactions Been Made
in High-Priced Issues .
New York, Oct. !). There, was an-
New York. Oct. !). The Now York
other day of heavy trading rtn'd iolcnt Evening Sun's closing financial review
Huetlintlnns nn tlir Itrnnil elroot cilrli. tpdll.V sa.VS I
til Widest mnvKlnnnt bin. ,'n ttntlnnl. T1",.r n.S VCr-T ' to distillguifjll
Oil, which rose from lf!4 to 107
oued bv n rnietlnn n ir,(l.
Vanadium Steel was stronircr th
, . . . ;: .
his oyen at any time since it lias been cvcr t1P Voltinn of nflerlnn mnv ho tin.
tBc curb, about i,0.000 market has dlsnlaed and still' is ills-
... . . . - - - --
plajing a signal cnpacity for nbsorp-
non.
LIVESTOCK QUOTATIONS
Chicago. Oct. . HOOS Ilecelpti. 18,000
head. Mnrket steady to GOo loner, lravy,
JH.r.nftin.-jr,; medium, $14.800 tn SO; lltht,
tl4.T.-MKP.t.O; llnht llithts. 114 i'.'lSf 10: heavy
imcklnir eaus, emooth, I13.'J514; packlnic
our. much, 18it i:i..-,n; p!m, in.75oci4.no.
I'ATTW; Iterelpla, lO.iMlll head -Market
weak. lleef ate, medium and heavy,
holra and prime, MG.731MS 75. medium and
good. Ill.'!5!rlti.73: common $N.7fiWll.:!5
l.nht, irood and choice, $14. 75 18 4j com
mon and medium ts,2rii4 75 hulrh-r cat
tle, helfera. $11 (10014 Sft; ennn, $n.2fl12.7f,
caunfr) and cuttcra, S.1.2511 25. veal caHee,
fl7W!8.2! feeder ateera. $7.50W13I Blocker
teera, $(1.5010 2. western range eteers,
$8Bi5; tovm and helfera $n 500:3
HHl;EP Hccelpta. 49.000 head Market
weak Lnrnha, $139101 culls nnd common.
18. 5012. 75, ewea, n-edlum, pood and choice
$lt.r.(l Sr 7 Ml culla and common, I3H0, breed
Inss, $7 8UB18
l(nw City. Oct 0 -MlOOS necelnti.
5000 head Ixiwer Hulk. $14 O0W15.15.
neavies, IH.,r.'cir 20, mediums, U.7J
15 SO. Ilrhti. 114.r,015 80. llcht llrht..
IIIIOHIS, packlnir bos. $12.50(213.00.
i:i r.ii
IfilO
and comnares with nn ntlvanrn frnm OATTI.R Itecelnta.
10T6 per cent to 17- per tent in this . LV" lm.Wf.",!; U?To'
weckUst jenr. The clearings through "mLTbi 'S!" $i
tUP i.miuon uaiiKs ir hip wcpk wetf wifnt. frooff una
8000 had anJ 1"00
beef itecrrt, choice
tnpdtum una irooa.
10.1. '.If 12.in. liflht
enmer, jih yowl 7 s.i
- - . i Iny R stock market fiom previous m t fr.no 4IU)aO(M. nenirm frs.I 10 onn lnof common nnd medium. $h ssma.un, butcher
,,f,,,Tte,VtfcT
j disposition to offer stocks UN n result jear. . ! calvea. Ilsht and handv, welitht. $1RM7
Minn it of the higher let el of prices. Hut uhot- . . I feei.r eteera. $8 50a13 25. atocker steers
irauetl 111 mi
'hares (hanging hands nt 42 to the new
high record of -l.'l'i. (icueral Asphalt,
which wan selling at 155, reacted to
140.
Thero was fairly large trading in
American Tobacco Securities nt 78 to
77. the trading position of this slock
'dug commented on because of its selling
at oiiual to 312, while American To-
ticcA on thccxehangc wus In supply at
umltid 303.
n t'uitcd Slates Steamship, on sales of
t0,()00 shares, ranged from 8V6 to 7lj.
.oft, Inc., was strong, ranging from 2."
to '-!!. Submarine lloat sold nt 1fi' to
'0'j, Aetna Kxplosivcs was citiict. with
lcs at l()iC to 10'i.
.v inrgo volume ol ousiness was
Trading was liroail in scone and ncain
reflected unmlstakablj the wide interest
in securities of both nn investment nnd
speculative character. Probably never
before in the history of the stock ex
change bus there been as eUensho
business transacted in high-priced 'is
sues as now.
The motors in particular and th'c
specialties in general occupied the cen
ter of the stage. (Jeneiiil .Motors, Chand
ler, White. Stutz, I'nitcd Cigar Stores,
Virginia -Carolina Chemical, Interna
tional Harvester. International Agricul
tural preferred nnd otlurs were ospec-
CHICAGO BUTTER AND EGGS
ChlraKO. Oct t) IlUTTKn
rteceln.'a
tuba Firm KktrU 03r. firsts, li'Jftai'ic,
4045
Mnrfi infiTr.nr
KOllS UecelplB. 5(1 tt
rirsts, 53j 4?5."c ordlnsrv
miscellaneous. 475?5Jc.
rases.
firsts,
Firm.
4017e,
7Rrn no.
H1IKK1' TtecelDts. 12.000 head Weak
I.amhs. $131(1: culla and common, $S(
12 50. vearlinir wethers, 4ft. r.OffJt0.75; ev.ee
'' 75i7 25, ewes, culls nnd common t3
n 5n, hreedlne ewes. $7(114, feeder lamb"
tlM3
rittslmricli
Oct
II, HOOS Receipts
'erke
p as.
BilEEP
rs. SlB.BSnlBi llsht vnrkara. 1I1.KSM
K. -i- . nK.I i.i " ' ' ,...
u, i'so. e,u v 11, ui.
114.25614
AiNU IjAMIIS-
Steady. Top sheen, 10001 top lami
$22.50.
Receipts,
1 limh.
Steady.
ts. .1000.
IDS, 110.
top,
1 '1
s J
, mm
T
TIn.it St, Louis, Oct. P. 1IOQR Ttecelpl
sim;i, neaa. viarKst aieaay. nunc lie
1K.40t hn-v. 114.7nfBlR OS. mAl.tm Its
'."Ji..WJv fH.78O18.0Ss lls-ht 'llhts,"i,
t " -' '! 1 n 1-uv.niiiK Duma, niuwil'i u t
$ia13.75: jnacklne aoiva, rough, $ll18; ,1
plrs, 113 50015. ' '"-"r.i
iAiii.it iieceipts, dooo neaa. Market
heavy, choice and prime, $10017.78; meaitim l
and good. $10.75Olfli common. $8 7Be10.T5i
light, good and cllce. IMOlT.SOs common
and medium. $R14; butcher cattle, helfera
I7.25JJ1I1: cowls $n.50U.60 canneri and
cut'ers, $5 2-ino- veal calvea, light and
handy weight, $1517l feeder steera, $7,30
jf' "nck'r steers, tfl 60B.7S. '
SIIKnr Itecelpts. S300 head.
'BUTTER, EGGS AND CHEESE
New York, Oct. 0. nUTTEIt High and
firm Ttecelpta 04o tubs. High scoring-.
.V4 Bfiiic; extras, (lie. outalde: tlrsts, BRli &
04c: seconds. 01O(l4e: state dairy, 534o.
liqos Firm. Itecelpts, 17,187 csseS,
Fresh Rathered extras, tlfl(fi87c: fresh gath
ered firsts n.ionsc; fresh gathered ettrs,
firsts. 0.lC5c: fresh gathered seconds, 88B
f!2c dirties, No, 1, 4HW48c: do. No. 2, 41
45c. checks. No 1. 41W42c; undergrade, sr,
40c. firsts. 00fil82c! seconds. RIAKQ., r
state and nearby hennery whites. baOBGc:
gathered nhltes. fl0t82c: western vrhltos.
05MR1C, Pacific coast, 8485c: western and
southern gathered whites. 5878oi etat
and nearby browns. 70S78c: gatliered
browns nnd mlxM. 6G0ic; fair to prime,
noecsc; refrlperator. No. 1, OOOBlc: do.
No 2 4fl(ff4tc.
(IICn.SK Steady. Itecelpts, 1074 boxes.
Flat, currert mako, colored, nerago run.
3ir3i"ic; nai, current nun, jvnite. aver.
KjfeW,
tninsnnlml It, lT.,l(n,t V.nltt Ul.n,:..,. ... lUUV lltlOMlIlt.
1B!i to 3. I 1-ncli luy 8f,p, " lineup of mUccl-
IUIICUUS 8I1U1CS )1C1CI1 UUL HIT iUlCUlltlll.
l.MlUSTniAI.S
, . "id
AettlA r.,ntnclin. 11,11
AIIImI l'uckers Ill)
V T Hi o 77
Am llrit JHir "
Am -Marconi (I
Yes close
Ask (sale)
ll"Va IU1.
ill
77'i
l(
Amer Snftv lt..nr . isa
Ant Writing Paper 15 '
Air Reduction 54
Onnadlan Car Co 82
Con Car ft Fdy pfd .... no
Carbon Kteel 138
t-nrwen Tool 1
Chalmers Motors 8.
Cherolet Jlotors 325
Cramp mo
( urtlss Aeroplano 15
l.merson Phonograph .... (14
(leneral Asphalt 15H
Hall Signal 7
Hejden Chemical 7'i
Hupp Motors ll'J
rdlan l'.iLk 28
Inter Motors . 82
Inter Products t r2
Inter ilubber 2tl.
I-ako Torp lloat it;
I-ehlgh Coal 'Sales 811
l-lbby JIc.N & I.lbby 27
Lima I-oco p4
If t Inc r,B8
Martin Parry ; 21
N Y Shipbuilding 53
Nor Amer Pap Pulp 4si
Otrs Blevator ; 110
Peerless Motor 40
Perfection T . H Ti
Philip Morris It (J
Poole hng 30
Pressman Tire 7
Javold Ohio
tcrlpps lloolli jo
Shell Transport 7rt',i
standard -Motors H
Steel Allojs ,-,
.tubmarlne HI
Sweets of America 12'i
Hwlft Intl f.7
Tobacco Products 85
Todd Shipbuilding 112
Triangle Film .
United Motors 51
United Pictures 22
United Profit Sharing.... ai
United ItetHll Candy ... 21
U a Steamship IV,
Vanadium 42"i
Wright-Martin Air 4
STANDAM) OILS
Illinois 175
Ohio 30ft
Prairie Pipe 280
S O California, .... 300
S O New Jersej ...710
S O New York .. . .425
0's
1
lit
511
40
101)
140
It's
400
180
IS
155'
II
7f
It's
211
no
53
23
.-'
ill
2!)
US
25',
31
67
US
87
IS
1
12'J
511
II
20
51)
7ll'i
II
S
17ti
511
37
ISO
Ti
5S
21
4i?:
3U
'8
ISO
:t7u
2 SI
305
7211
130
"HI
42 i
lN'Mi:i'ENIr.NT OILS
llen Oil
Hoston Wjo Oil.,
lirazns Oil
osden . Co
Blk lusln
nter l'etroleum
stand Oil & T...
loma Oil
louston Oil . . , .
lerrltt Oil
,Ietro Petrol . . , ,
dldwest OH .'....
hlo Fuel
mar Oil & Gas. .
3apu1pa Itef
Sequoyah
Sinclair Gulf ....
-touthwest Oil ...
United Oil
. ls
. 75
. 28
. 11 "i
. II
. 34
. s
. 17U
.154
. 25
00 w
MINING STOCKS
77 70
28 tt . .
Ills lHi
Hi. . .
3114 ..
8, ..
18ii ..
158
211 , 25 14
174 '. '.
28
ll'i 0
7 ..
nn, ..
25
Hi
1J.
IT,
'30
111
'51
5
5
$
4,a
5
Atnska n C M
Dig 1-edge
Huttn New York ....
Boston Montana ,5
C r H & Jerome '4
Con Arizona 1),
First National - 19
Fortuna Cons 20
Goldtleld Cons 18
Goldfleld Florence CO
(ioldfleld Kenanas .... 3
Goldfleld Mergtr 4
Green Monster U
Hecla Mining . . r.'s
Howe Soupd , 4U
IndepenUni-e 1-eaa 2
Jim Butler 2f V,
Jtrnbo Extension 0 11
McKlnley Darragh 70 78
Magma Copper ..44 48
Mother Lode 01 64.,
Minea Co of America.... t 'i
Nlplsslng 11 11 JI
Ray Hercules .,,' 2' 2H
San Toy .....v.... 0 11
Tonopah Extension JH 24
United Verde 45 48.,
West End Con Its IU
White Caps 16 18
noNDS
Cosden Oil (tr 101 104
Cosden 4 Co Us 101 104
Russian Oov 5js 37 42
Russian Gov OH s 37 42.
UK
IS
41
40
FINANX'IAT.
1IUFFAI.O Sl'SUUKHANNA
RAU.ItOAD COIll'OHATION
First Mortgage 4V- Gold Ilonds
The ljqultabie itusi company of
New
York, Trustee under the Buffalo b fjustiue-
hsnna lta Iroaa t-orporauon Alorgace.''d
December 3D, 1013,
the Sinking Fund
dated
hereby Invites offer fn
for tho Bale of hnnds
Issued under Bald Mortgage, to exhaust the
balance of Sixty-two' Thousand, Three Hun
dred Seenty-Blx Dollars and Eighty-three
Cents (iU2,H7.3). -Tne Bonds offered at
the lowest prices will be given preference.
Sealed offers will bo opened at the office of
the undersigned. No. 87 Wall Street. New
York city, at twelve o'clock noon, on October
14, 1010, and should be Indorsed "Offers, for
ie Sale of Ilonds to the Buffalo & Susque
hanna Railroad Corporation Sinking Fund."
The right la resened to reject any and all
offers. ,
THE EQUITABLE TRUST COMPANY OF
NEW YORK. Trustee.
ny LYMAN RIIOADES. Vice President.
Dated New York. October 4. 1010
The favorites of n dn or two buck
liitiBiiislicd for the time being. The
-tandard shares vtcro stionu within a
modest rnn'Ke of price minements. Steel
nioed forward to the neighborhood of
111 early in the session. Crucible
llo'iped about a good deal, as, indeed,
did most of the specialty group. At one
time Crucible was dn 7 points, Ilalcl
witi ocr - points and Mexican Petro
leum over - points also, (leneral
Motor ct through -l)(i and Chandler
ran up to HOD. "The coppers were barolj
steady. The shipping issues did well.
The rails were neglected mill but frnc
tionrlly changed in nuM lases.
Since the iniprovcinuit in the Presi
den'ts condition, the settlement of the
Itritish railway strike and the irtuol
diminution of the steel strike ns- a mar
ket factor, the Street's Intel est hn,s
luigclj converged on the Industrial con
ference in session nt Washington. Mr.
(iompers's resolution coiling for the ap
pointment of n commission to pass on
the merits in the struggle between steel
employers nnd r-mplojctl culled atten
tion to the possibilities within the con
ference ns n medium for bringing about
jin end to the steel walkout.
This phase has more lmmeiliate in
terest for the financial community than
Business Courses
in
Ocean Trade and Traffic
Commercial Spanish
and
Correspondence
Business Letter Writing
Banking and Finance
La Salle training has increased
the efficiency of more than
160,000 men and women, from
office clerks to corporation
presidents.
La Salle Extension University
The World's Created Extension
Univenitjr
l'nstern Office
fiOR Chestnut street I'hlladelphlii
Ytrlte, Call or Telephone Walnut 5131
(Open Krenlngs)
EXPORT! FOREIGN
TRADE
Thousands, needed Double your salary.
United States after-war business offers
wonderful opportunities for men who are
trained In exporting and foreign (cade.
United. States exports to South' America
alon suffer loss of .10 per cent for want
of KWriENT PACKING CLEARANCE,
sHiri'iNG and m:i.ivi:uY
YOU CAN QUALIFY!
I.cirn nt llomel Our Import Hook Free.
Requirements: tletween 111 and 4." jcara
of age, energetic and ambitious, willing to
study under direction of our Exceptionally
Experienced Staff of Experts.
WRITE OR TKI.lII'IIOVr. TOR
OFFH'K tl'I'OINT.MKNT
AMERICAN COMMERCE ASSOCIATION
Inline K. Leu Is, !);st, hecy.
(115 Land Title Hide. Tel. Spruce S263
Announcing the opening of the
Foreign Credit Corporation
(UNDER SUPERVISION OF THE FEDERAL RESERVE BOARD)
37 Liberty Street New York f
Capital and Surplus $6,000,000, fully paid
1
Inaugurated by
Central Union Trust Co., New York
Chase National Bank, New York
Guaranty Trust Company of New York
- Liberty Securities .Corporation, New York .
Philadelphia National Bank -1
The Shawmut Corporation of Boston
Union Trust Company or Pittsburgh
ji
Jl
f"T"HIS Corporation was formed primarily to accept
JL the drafts of both foreign and domestic clients for'
', the financing of export and import transactions. In
. Europe, business of this character is done by institu
tions known as "Acceptance Houses.' v
The activities of the Corporation will be centered upon
tne creation of Acceptance Credits, and the broadening
or their use among American business interests.
f OFFICERS
E. V. R. Thayer, Chairman Board of Directors
Grayson M.-P. Murphy, President
G. M. Dahl, Vice-President
D. Raymond Noyes, Vice-President
Romaine A. Philpot, Secretary s Treasurer
We shall be pleased, at any time, to explain the scope of our services
and to that end we invite inquiries and conferences
Foreign Credit Corporation
37 LIBERTY STREET NEW YORK
:A
Itu MI11CK 1 lUUiKISK U1AJ 1U.1I
K& at a Special Meeting of th. Stock.
holders ot tb prmra and Merchants liaok.
which 2307 shares ot ins 4000 shares out.
Standing were present, either la person or
7 pr)y'...,nd.,,'0"r5' ."'olutlon authorli.
tng and directive the. .Directors and Offloera
of the Bank to convert the Drovera aoS
Merchants llanlt Into a National Bank, and
to make th; certificate required therefor by
ma Una of the United States, waa unaaf.
nouslr Bused.
EnNKST R. PATTOM. '
fashler.
Annual Meetlnga
Northern Pacific Itallrnad r,m....
fKSS NUTICE IS UiSBKUX OIVEM fllAT
IKS' the annual meeting ne .. trr?,.
fcolders of the Northern 1'acfile Railroad Cam.
pany win n nom on xouraaay, October IS
1910. at twelve o'clock noon, at Nn m ViJS
,u street. New York city, for tha purpose
of electing thirteen Directors of the Com.
un, to serve for one vmv kn...,n ..T
guccessors ar; elected, and for tha traneac-
i?".u. .... ri. .::'.v ,u wuuy c
New York. B-pteffbefrarirV"""
The Matlack Coal & Iron
Corporation
Main Offices
52 Vanderbilt Avenue, New York City.
Garay 245, Buenos Aires, Argentina.
English 'Correspondents
W. H. BOWATER, Ltd., Birmingham, England.
Montevideo
Rio de Janeiro
Caracas
Guayaquil
Foreign Agents
Valparaiso
Madrid
Vladivostok
Marseilles
Genoa
Bogota
Lima ,
Philadelphia
Domestic
Washington
Offices
Norfolk
Newport News
Bunkering Agents at
Portland Boston
New York Philadelphia
Hampton Koaas chare8ton
jacKsonvino
New Orleans
Pensacola
Providence
Baltimore
Savannah
- Mobile
Galveston
IlllliiiiiiiiiiillllllllllllllllllllllllllllllllllllllllllllllllllllllltlllllllllllllllllllllllUlir
" eta.
Wake up, Mr. Business Man
OUTH AMERICAN business is knocking at your door.
Learn Spanish the shortest possible way, by the lor- s
tina Phone Method, which will open the door to
jrreater oDDortunities. The successful commercial
5 man of today who desires to develop will readily see the ad-
vantages to be derived by a comprehensive knowledge of E
s foreign languages. S
E Previous to the great world war wo did not have tho
ereat prospective foreign trade that we have at the present S
E time. E
E Foreign languages were not then an absolute necessity
E as they are today. '
E We wore not then united politically and commercially with E '"f
s the rest of the world as we now are. S f
E Nineteen years of actual experience have enabled us to
E bring this Method up to its highest stage of perfection.
Our teacher is your phonograph and the use of our E
E records makes its voice clear, distinct and even more penc- E
E trating than the human voice teacher.
E The entire method is perfect in every respect, so perfect, E
in fact, that it S3 used and endorsed by such great educa- E
E tional institutions as Columbia University, Now York Uni-
E versity, Lafayette College and a host of others too numerous S
to mention. E
You don't have to go to France to learn French, or Spain
E to learn Spanish. You can learn in your own homo on your
E own phonograph. m E
The cost of the proposition is practically a negligible E'
E quantity in comparison to what it has to offer.
E Write for Booklet or call for demonstration. E
I CORTINA ACADEMY I
v 1510 CHESTNUT STREET '
E Translations Solicited from commercial houses and corporations
rBtllllllllimillllllllll'llimilllllMIIIIIIIIIIIIIIIIIIIMUIIIIIIIIIIIIIIIIlllllllllllllllllllUr.
irSf notice is iit-.nEuv givkn that
VZBf at a Special Me.tn; tlV& J,
holdera ft the Ilank o Commerce, held
t"i.JiSfb J" of. "BtambaF lilo,
which 2602 shares of the 8000 ahares
held
at
area of the S00O ahares out.
present, either in person or
iHW . "olutlon autnorl"
standlnc were
hv rtrozv. and
ln and dlreotlrur the Directors ana Office?
nf tha Bank to convert th n. ni. ..
msrea Into a National Bank and to makej
of th United States, waa unanimous
passed, JOHN P KOI.B.
Cashier
nlsMend
THE arKEHAt, UT1UTY XOMPANY AT
a special meeting has on October 1st
declared a guarterly dividend of m. on
Itotvmtmta and Ui on to, common stoclt
" sioo.noia
'X
'
J'tg
MitasTSUS: m
7 ?. W; KKS
mm
International Freighting Corporation
Regular
Sailings
Qj -Ml'
LINES
Through
Bills of
Lading
Isiued
1
)
PHILADELPHIA lo SOUTH AMERICA
falllnr at l'ernambuco. ITalita. nio de Janelre and Montevideo.
PHILADELPHIADTo" FRENCHAf lANTIC PORTS
' BorJeaox, sUvrenanklrk. .
s
(. ur
THE ATLANTIC REFINING COMPANY
3144 Pauyunk Ave. FibdelBa, E. U. A.
iraSVilI
PR1
REFINADOR15S DE TODOSLOS
GTOfS DE PE
BjWjSISSCJCgEBMJPJ
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