F.
pU
E,VlSl
EYJOffGI POJBLir LEJDGER PHILADELPHIA, THUKfeplY, OGpBteft ' 23, 1919
1 1
Invest on ttie
instalment Plan
A small initial deposit
purchases tlic securi
ties oh want. You
rccche full benefit of
all dividends, inter
est, etc., while pajing
the balance in twenty
monthly instalments.
You may sell at any
time to realize on a
rising market
Under no circumstance
will j on ho subject to
margin calls-
Send for RooMff 8 K that
lullii explains our plan.
OPMHIAMEp
t MiiLvtiiiiirni -l
Investment
Securities
43 Exchange Place New York
lNEWS OF FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK QUOTATION
t
v.
fc
INHERENT STRENGTH OF
MARKET SEVERELY TAXED
Mom Fitenoihs in Industrials Despite Prospects of lienetied
Indued ial Dislui bailees Fluctuatjons Were Violent
New Vnili, )rl at 'I tie Inherent
-(length nf Hi -.((iik mniKi'l mux to put
mi pxeiediiigli srwie lest tm!n which
it nunc tlilimsli vvith living minis. The
fieepient application nf nil in tins would
wot nileiiuitl.lv pillule rnn nth Hip
rxttnnidliiiiix nnliiii of Hip present
nidi piopnilions has nut Iippii witnessed
slum Hip menininble hull inmpniKii of
I'MII. uhlih leimlnnlcil in Hip Nnitliein
I'.K llll I III lift .
TIip npciihiR prleei penernllv xxeie
established mi n lower level Itcienl
Foreign Exchange
The feature of our October
Cuculai is an explanation of
the methods of dealing in For
eign Exchange covering
Puis and Calls
Drafts
Deposits abroad and
Transactions in Bonds
In addition, the circular lists
our investment lccommenda
tions, the income from which
ranges from
5.20 to 8
Copies will bo furnished on request
EdwaiB.jSmith &Co
BANKERS -
KS1 VHUOftCD 1S12
llembers .Vrir York anil Philadelphia
Stock lixchanaes
imiii. di i fur
1411 tbntnut at.
new 'ionic
SEW I.OMW1V
BASTCIN
AI.LKMOMN
, i -.iiiiiiiiiin iiii- j, siii.'ucv , lliri. .. , , , ., , ..i..
icssnn.i.. Hip til.smptn,. . npitrll mnl fawiiltri, notnl.h oiK mnteus, e,iuli
Hip leciipct.ilive pnweis diselnsed ' menls and shipping slmics, leni ted 1 tn
llilniiRliiuit the dux's tremendous npeui t points. Itepillille lion mill Steel,
lions weie n lMplnllon In some nf Hip vvliieh fell tilted xisterilax s lute ile.ll
most expciii ni piI M ti mux nn Hip -tin t nigs, iliillniil :P,j points :it the nut,
Oiilin.ulh sui h n mop of unfavorable 1 niteil Ntnlcs Steel leislnir 1'j points
lows us i, ime in hand this morniiic. in but I'.ellileliem mill Ciiicthle Steil xveu
IiiiIhik Hie Imp of the hilior dclcpitis slioiij:
from Hie lndiisli ml i onfeu nee, the stn(, ,, ,pininp Hie niiMniidini!
lliipiileii.il hben unrest, xvould In u f(.Ttip, tmilliiK in tin- inilnUiil
sicnnl f.M ii w'l.le open Inenl, fiom sn.li , nMlnijllf, Msnli.itin1 pinpm
dim heights to vvhlih the. itidustihil ,,,,, limine Hie lust hour l.n.kn
stocks hive been .. ill nil 'wanna lumped up II'.. points Cm
l.ut this IpuIspi ,.r bail news x it,i ,,,, ,;, it, iiti, i,(.tii I nml Viilioniil
illv pxpi.ispiI null nn Inlinltesinml . f I ,,, ,; V,ili. nml lulled Stalls
f.it iinm the lunilol prnsi.iiii 'Hi. n sieels made full i.em.iies and vevenil
was consul, i.ible n lesnlni il v , will, ami ,..., Mr(aM ,,,,. .. , ,-j ins
lol.nl llmlii.llions Hill lluMhei, .mil.! m..,,i ,,i ,. n, ..mininl list i-in
theie lie found nnv .1. liml mil well,
ness Some slocks uuuiiij; Ihp ipi.nl
in tup fnxtiiitis vnl.l oft slmph, hut
wlnlp Hip.v wpip simus Kioillid, Ini'Wnlk
luokp nut nfiisli m miiiip ntlipi pat I nf
tin1 list 'I'hp ihpi.isp ti.ulei, ill (ruth
was hewildeied hv the xeix xinlenct' nl
Hip mill kit ppi foi iminie hut Hip iiiii
niPntiini of the gpuei.il mnikit had
ii.ii hid su. h high degiee of giuxil) its
In xirtirillx ou'M nine ,iu oi.liuaM nh
si,n h s
H would Iip net to impossible bp
i iiisp nf Hip limiled spiip inail.lhle tn
siiiiiiiunp in detail the d,i s pi pi.
nis 'I'ne stiipiudous ehariutii of tin
din's op.iations tan lie liettPi leikoind
fiom iln fa. I that hi lln Inst hunt ilnni
Ihp ti ini. Ii mis w ii in pxess nf half
into a xeiitnhle Hood nf lenlumiK s-ip
inupliil with aj,'snsMp lauls finin Hip
ii.ii tiniinn paitj. wlin .re piiiinpl to
take uiHnutncp of the opeiinii; Ii
tualh nil riiIiim wiip uineelliil. Tin
stills, (iiiipmeiits, and olliei pininini'iil
IiiiiIpis, fell ppii niorp Moleiith than
the had adxmiiid, while the lnotnis
nils, mid minipi mis spi.l lilies, cNtiml
ed tin ir enih lnsces
I'he'.asiei nioiift eninlitinlis nun
luuie iuiimiI .1 sttong hiilw.uk foi tin
list, the lenewal inte helm,' tlveil (it ll
pel lent. At the lnwei leiels stiiblim n
lisistanie ileeloiiil and m Hie iitK
nfternonii the Inst rumiiiiI xmis i.ipidlt
iitrii'eil
liiniim nf nil- iml t I -, and tin
a milHon
".(in oimi
sti ii ( . ni on
vhai in u k. I
bisH nf a I loVM'i lite fin .ill I" in- iiiiIhI mi tin
V nun Kit nl Ml inoii I Hti i.lllns.il tin last liniii
NEW YORK STOCK EXCHANGE TRANSACTIONS
ruv
fiflIs In S
.11)0
lion
1)00
linn
lino
loon
linn
inn
.ton
-,'no
too
loot)
2S00
too
1 1 son
iMO
701)
7 1 Oil
sno
Ailnmi litprcss . . .
.. AiHnneo Itumely .
AiHnnee Ituniely nf
AJac Itulilier
.. Alaxku linlil Mlnps.
. . Alnskn Junonii ( M
AlllH-Chiilinirs JIft,
7 llis-i Iml MfK it..
Am AKile I'liim ,,
:t Am Hank N'nto . . . .
II Am It ink .Notn lit
8 Am Jlpel SUKar iS
8 Am Ilnirli MnBneto ,.fjrU
aiii in , Shoo J.'ity pf
. Am Can
12 Am Cur X. l'otimJry.
NO Am I'niRKlRt Synill ,
. Am llldp A. Leather
7 Am utile Len pf . . .
ltlBh t."W
I7Kj tV'l
71"6 71'
III 91
. n',
. 01 H
r.n
48
OOOO 4.81, Am Internal Corp
711
ri.',i
LIS '4
II'b
41
1 4 1 3i
VIV'i
Sits
tr.3
IfiJs
(,0Kj
47
7414
Hecker & Go.
Bankers and Brokers
Members of Philadelphia, and JSew York
Stock Eschances
s. r.. con. (itii ami rnrsTMiT sti.
flerwjn, Pa.,
October 20, 1919.
At a meeting of the cecn
the committee of the Mam
Line Rifle Club, held this
date, it was decided that tile
Club be diBsohed .is of this
date.
F. G. Okie,
iserretjiri.
E. 8. Cassatt,
J'l en I dent
STOCK SALES ON TRADE IS HEAVY
TREMENDOUSSCALE IN CURB MARKET;
Broad Reaction on What Street White Oil Advances to New High
Chose to Call Intolerance Record Asphalt Issues i
of Labor Under Pressure .
PRICE CHANGES ARE VIOLENT ALLIED PACKING IN DEMAND
I Modi siles toil ix mi llli New ml Xpu iiili. Oct 1". 'Iln fi'lluie of
erh line, .is complied lij the l.xeniiu Hie ti.iilins on the Uin.id -lieit in ti (
I Sun, tnlaliil S.aTI.'Mti. tins mm nine was Hie In m Iiiisiii.ss
- in Hie Caul) l-siiis Sales nf small
New Ymli Oil 'J2 The few nik lots nf Caul) Swiillinli'. Hip iiiiriiiiI
IImiiiiu' Suns . lo-mg fiiinii.nl iptipw I minni Hum nf whiili Hiph hip nuh
Itodnx sns. .'."(K) sh.MPs, s,l at VklOO tn S 1(1(1(1 TIip I
I I'iiips in fndin's stoek mnikit ex 1 new stuck, issued in the piopmtinu nl !
j perieni i d a sh'ik.ilown of 2 to 0 points KJI. was tiadid in nn ,i Iiiikp si.ile at
' iir uiori xhi.li tended tn iinpioxp thi''.!"i'i to IJ"..
ti.linic.il posituui Hint had Ihiiiiiipi White nil was unntliii impottnut
i lather xtiluei able. 'I he immediite I fp.iluie, adiani nn: In Hip iiph highm I
'..ui-p nf the In mill ii.utlon x Ii'ii it oi il nf .".li'i 'I i xas Cnmpiux, new
st.it ted slioith iiflci Hip opening was slink, snlil at fit! tn (II and the n'hls
1 the extiimeh i.mfiisiiig ttliu of affaii w. in ti.ulcil in at ".! tn 71 (i.nii.il!
in Hie liiilusiiial siiu.itioii attending the I Aspiinll xx tin h has Iippii iiiidi't pies
Hiiiii.iw'ii ni me i iiim lppreseni itinn sin., fm Mimi time, snlil durnu the
in lint V uliiiiirlmi i (itifnt ntn ( ilnddil
i llii' 'ipideiit s ippial b letli'i and
. tun ipiteiatid appeal tnilax tlnoiigh the
1 UIPllllllll nf Ml Wilson V sun tin x III
tin w nt a liuak up
I'linsp who had u ihpiI puiei iiofils
in Hie i'Xp iiisiiui nf the last tixn in
tliiii dixs (in) not tupine a gteat deal
nl p. i suasion In ii ilie in xiew nf this
nspul ut things biniigbl about hx what
foienoon at TJ!I tn H
A'amdiuni Steel i.ingnl from (I! to
(il1.. Liiew. tin . W1is tit in with huge
s lies at .'IT tu :!ti is Suliiiim itio lloat was
1 1 . in landing fiom IS in IS', Ami in no
Sifeti Itiunr langcd fuiin 177 to
1S'l Allied Packing xx.is in gnnd de
mind nihaniiiig liom tit tn (!2U.
Sliell Iian-pnit laigul finin SI , tn
INVESTMENT
SECURITIES
Information in
detail gladly
furnished upon
request.
the Strut .Inures tn call " iutolei am e SI ', Home Oil -nil nt IS to 1S'.
of l.ilini Nor weie the slioits slow m Ann lie nil Tollmen Sutillties miM at
taking iidiautage nf it. 'l'lie lesnlt was 7ti to ."i in the fiist half nf the iln
in pxiienieli in in v spuing mnveinent . lMilsritixi.s
"on Am I.lnsoril Co
'OH 7 Am l.lneeil Co pt .
8 tHOO i, Am Lniomotlxo . . . I.
CO" . Am Malt v (li.itn ...
10000 .. Am Ship & Commerce
.1400 4 Am Smelt & Itpf ...
-'00' Am "Imnll .. Itpf nf..ln?
7400 .1 Am Steel foundries.. 40'4
100 7 Am Siprl l'drlpi pt . Vi
"00 7 Am Sugni l!i f 1.10
CCiOO o Am Siiinati.i Tolinccn.lor.''i
.1000 H Am 'lei ,t Tel 100
IS00 20 Am TciImpph P.07'
'.'00 n m 'I oh ii en pt new . 90
lino 7 Am Woolen nvi
100 Am Woolen pf . . 101,
I too .. Am Wiltlni; I'npor it. r,79
100 .. Am Zinc! ,e.iil &. Sm . 21 ?J
".'on n Am Zlne 1. cv S pt H34
4700 4 Anaeonil x Copper .... ,1J
'100 ., Ahsci Dr- Cnoils .,0?4
100 ,", Associated Oil Co lll!'4
3100 II Atch Top cv. Sinta Ke 01 i
100 . Atlautx H'ini . Atl.. I(ll2
'.'00 7 Atlniili.i Coast IJne . tt
4400 10 Atl Ciulf . W T S S.1S0K2
10(1 Atl liulf .AV I S S.nf, 71
700 . Auto Sales C tern cits 17?'n
'-'00 a Atltii S C tcin ctfi pt. SOU
jlfiOO .. llaklBliM.oei. Wki ..15434
1001) . HTttlmore & Ohio .. . Ill
100 4 miilmniH . Ohio pt SOW
3100 Uirnel LeilllPt "o Wi
IIOII Hti net lanthei Co pt 9
700 8 Hiticll fn LIIJs
300 Hnt.ip lis Mlnlmr IH
SiOl .. lie) hit hem Motors .. S9!a
700 5 Ij, Hit. hem Steel ...IIO4
57.100 .-, Hrthlehem Steel U ,.IH
90 . liooih rislnrlei 1NV4
ton .. lit Id) n ttnphl transit 31
100 .. JJkxii It T etfh ot .leu. 1,.b
100 II111111 Teim ,1 Ii U 11114
10011 111 Hums Hi us 1 1.
100 lliuii iiipnilor Cop. 2(U
7.500 .SO Iliittn t'opptr & Zinc . 1SJ4
O'll Caddo Cuitral ei .t II, 17
31.00 t Callfoinit 1'ackInB .. Sl!4
'."ion . iillfninli Petroleum. :Vi
100 7 Cellfoinl.i l'eliol pt . KH4
400 3 ( ilinnet .v, Aiirnna .. 70
Hill III c.in.uliui 1'ae Ifie . ..-. 1M
tOOOII , , nl 1 nl Leather ... 10715
(11311 4 C'eiin ile Pli, o Cop .. 00J3
1(10 I 1 iiiini-l.ed l'rod C . 4'S
3'IIMI s ( linncllei Molois .. IUY2
400 4 c lirsipeiko il Oho .. IIS'b'
100 ( lit I, I pf I. T elfs. iVz
4')0 1 tin icn (it Western . 10
300 I 1 In i.t Western pt ... 37!4
1700 clu Mil .L St I'au! .. 44
1000 1 In Mil .1 St Paul pt.. 115
.100 7 i In .X. Niitthucstprii 0194
:tOO (1 ltd I'liPimiatle 'tool.. 101
1100 . Chi Hock Isl . l'ac . 2Mb
.100 fi Chl II I .1 I'ae !'! pt ftl
I 101 7( hi II I H I'.-iu 7 pt. 71!
I 1400 . e'lnlo Copper 2.1 W
j U7D S I'hlno Copper 13
SI0II ,1 Cotoiado I'upI ,t lion 4015
I 4011 Colorado & southern 21
000 4 Columli 1 Cns .1 lllcc fc.ii
I 10(10(1 I Col lii.iphophonc . .. "
J00 . Col (ii iphophone pf .. 1''t
100 I Comp-'l 1I1 Jiieoiil ft7
I '100 Consolldited ClBar 74 V-i
411110 7 Coiisolid eted (las . 0?i
l"00 . Continental Can ... l)i
I 0100 7 Continental Candy . llt
1 '100 .. Con Jiileistitei Cal M 30
I 37.00 Corn 1'roduets, C.ef "7!4
200 7 Corn rioilucts Itef pf 10s
ILXOO 12 Crucible Steel Co .. 201
100 7 Crucible Steel pf . K'J'o
.100 1(1 Culun Anur SiiRdT . 1!9
islio Cuba Cano Sus-n II 34
I (.ill) 7 Cuba Can.) Sugar pf -Ja
IS00 Den & Rio Grando pf 17
100 Ilnnio Mines . .11
1-.00 .1 i:ik Horn Coal Corp :S!A
000 Kim iHoif HrnntlnR
47H
04H
loo
IO'j
4S
9'i
lit
170
(.1
111
10 'a
10
I10'2
lit
Sfl'n
.
107
SS'.
4 I's
71
till
14
01'.
I It.
HITS
01'i
300
00
1 1"
101.
C'n
21 '4
SSJ4
f7H
r.ti?4
in.1.
no 'A
lll'2
170
i t
to 'a
30 'a
It'.
10
111 '2
'Il
it't
l5a
.Ti
no1'!
tin.
is
20' 2
f.'a
10' i
14. 'a
21.
.-..'a
70
SI 5,
MI'j
7t'2
140H
101'4
:,o
4'
lit
,77 '2
0"3
9 'a
27 'a
4. "a
(.'a
91
10.'
27 :4
( P4
70
23 'a
43' 2
41, a,
2 1
4?4
(.1
0'4
.77
7 ! 'j
W2
13 '4
104
IIU
107 '2
217
10 J
Tolnx's Vet
cMomp ChRe
3.34 'i
4SH Ta
7H4 V
am - 2H
Vi- 'a
1
1S.U-
04 5-
100U"
r.o 1-
IS -
07
121 -
170
1,1 -
IIT2-I0'a-30
-
MO'i-
l.4-MiH-
ll4-
IO'H2-
.s'j-
4.1'a-
7U4-
101 -
4.V2 -
0il.'2 -L!S'2-
lOI'.i
H4
Hi
M
I
t
T2
Vi
1H
IH
.1
.V,i
3'S
I'i
1'i
14
3'i
Ua
1
22
Ha
.1
- l'2
'4
100
.107
'10
142
100
(.0 I
il'l '4
IS I '4
r,7,- 1 'a
an '4 t5a
ll(.'2 h ta
tf 1 1
lfl'24 'i
91
isl',- 4a
71 I V2
11,'b I7"
.10 'o "a
111 - 0
,10 n H
t')H I
)J "2
It
I103a- 7o
t5
17 Vz - Vi
IIO'H 7H
1 00' 2- 2 "a
21
l-.'s-
10 i
!'n
II
l'a
2(1
IJI4 -
- M
H
t'4
Ii
SO
fl.'U- l'4
so' 2- 1'4
7I'2- Vl
ll'l'a 7a
H'l'a-
ill'a
4".
I II
..s'a I
0'2
to
!7'a 'a
41 r I
C 1
II ft
101 1
2S'a4 'J
I.I
71.
4J7a-4fiJ8-21
-
(44
I 1 14
OV'4
.'.7
:i'A-
9S14
93 -14
-lll'a-0I"4-1071
240 r
10.' Jb-
t)lv.
Sls In X High Low
10100 I.JO Kejstono Tiro A, Hub. 0S9 (H
1100 Kiess s JI nn's
.10100 0 Lackawanna Steel ., 10114
100 . l.neledo Gad ot St 1, llU'a
2000 Lee Ituhber it Tiro . . 3H
400 .1.10 Lehigh Vnlley 47M
100 12 LlKKetl ex. .Mxcrs Tnb 21714
400 Loose-Wiles Hlacult . 70
400, 7 LoulsxIlloXaslnllle 111
200 7 Manhattan lllox ctiir. (.0
200 1.75 Manhattan Shirt .... 3414
3700 . Maxwell Motor SI 14
1200 . MicewclfMot iHt pf... 7H4
200 . .Maxwell Mot Scl pf .. 42
SOO 0 .liny lKpt Store ...fil'A
27.00 10 .Mexican Petroleum .2023i
000 2 Miami Copper 271'a
0100 Middle States Corpti . S14
37000 4 Mldinlo Steel & Onl JiOJa
100 4 Minn St 1 A. S St M. so
1100 .Minn .V St 1. new . I8.i
Hioo Mlmourl Kan & Tex., I2ja
3.00 Mo Ixan & Tex pf ... 1814
100 .1 Montana. I'ouer (.
3700 . Mlgsoinl JMclflc .... 3''2
Olio . Mlsouil I'aclllt) pf .. 4014
Clip 3 Mulllns Body fit)
Vft .1 Nalon.il Acmo Co .. .IJJa
too 7 Vat Aulllno ex. Ch pf . 90'ii
700 ,,it Aniline el Chem HI
2110 7 National Hhcult Co I !H
200 7 Nation il Ills.'tilt pf lift
100 t, Hlonui CI01U .x. S . .V
100 7 Nat Cloak pf ...I00h
Jioo . Nat Conduit & Cable. IS (
1700 r. .Nat llnani t Stamp , H J
11700 5 National Lead Co .. . Kt'M
200 k'nt IUI of M 2il lit 7?a
10(1 1.50 Xeladi Con Copper . 17'4
300 Nw or Tex & Me.x- . 4SI-4
3100 10 .Vew Yoik All Ilrakc 11.1
3100 7 New York Central .. 7114
000 2. SI New Yoik Dock .77
3110 2.. M New York Dock pf (.7
7000 . New York N II A. II 3SW
300 I Now I ork Ont .. W . 20
(.00 7 Norfolk & W.-tern 10014
1100 7 Northern I'aclllo fir,
O.'OII a Nox.i Scot'a S & C . SO'i
12100 4 Ohio Cities Gas . Iinl4
37.-.00 .80 Oklahoma Prod & Hef 1014
100 . Ontario Sllxer Mining 8
000 .1 Owens Bottlini; Macli. f0?8
100 3.50 l'acltli! Dciclopment . 71
-'00 fi Pacific! Oai & i:icc . fiSl'a
100 I Paeine Mall . 3714
0 Tan-Amer 1'etiol .1 T 13714
0 '
4la
17 V
10 V2
'4 I
32(tr'C 33(1 1
Ilia His-
IH
I
I
IK2 !
?4
214
14 I
5a
'4 I
n
lilli a. 50 Cndleotl-Jobn-on
theie being a liniioxei of niailv 1,(1(1(1
000 shares in the fnreiiooii ilnne
Hut Hip tin. Illations in Hip list weie
I ""itber iinit.Hin nor xxholii innsistent
Theie xxiip not linking sum' sppetae
I 11I111 pel fm tiiers on fiie long side from
etni UmiIomIvpsi , .
Xinei Hrlt MtB ..
xiner .Xlrfrconl
Am Safels Itiur
Amer XXrltlnff l.nier
ir Jleiluct on
Inueitmcnt Bankers
Real Estixte Trust Bldc.
Philadelphia
$100 BONDS
TO YIELD 5.65
Southern Pacific
San Francisco Terminal
1st Mtge. Gold 4's, Due 1950.
(nL)uiupablp foi ippiHtP'ed
liOmlo if ai iU iioiniii ti tun )
Dirirl nlilicntinni of tlin SmiltiPrn
1'iirlfli ( n,. anil )e nril uiHin Itn
men .rl ilmihp proirrt hi the
nlh of v in ln i(n nnd the
( nunt nf s-n Mpo, ( 1
Furthrr details upon lrqwit
DANIEL & CO.
15th & Walnut Sis.
tllamlrrs lliillilins)
Philadelphia
tinie to time Lackawanna Slrol. fm e anidtin i'ir To
ii'xaiiinle, stmted the dax uuiliaiigid J "n'ar t r.ly pfd ...
.at" sr,i, mil then made a sensational ' Ctrbnn steel'.. '.
' Hill to 10 . ,'Uain iliop ung to the neigh . u rxx en '1 mil .
Ilioiliiiuil of Ml ut miildax '! iV1'""., V,"1,"!, '
AsxM.slbi'.asexesluiln lliein ,..,' rim""1"10 ".
1 some Kiiod Inning in Hip sipel groiii. ' urtls Aemplane
whieh. pel hips. di-daed less pin 1lj,,",1;r0s"nlu'lT",1SrHI'h
nniiuieil tPiicliuiinix Ipiiilc m ics Hiaii l'lnll Mluiial .. .
citlipr gioups W.din-ilii Itc puldip lion ""t'n Motors ..
.and Steel was tried nut foi no olh.i m';j A'unher" "
len-on nppnipiillx than that it had been Ink., Torpedo rioat '. ..
1 lelntfxeh 11. glei tid tlieretofoie It was ' r,h.iah '"J ?a,,V, ,
.apparent that the same .risoii applied ! K' &Ij5,b,r "
tu Laiknwann.i tmlix and in icr ile lion
, iripp to Sloss Sdielhelil whuh at one ifKHvh-hW,,.
time had a gnu, of nij poinls to its -Vm '1?"""? Pulp
eiedit I be uioiemenl m i lther could "" Hlexntor
1 Iip sustninid buiuse nf the selling pu's ','." J1'!? VS! r,
win,, ,,Kniliein rerfertlon 1 4. H ..
sine PispiMiPie. UelHll Cnn.l)
, Otlii'i nioiiipntniilr stioig spots weie , l'lillln Morrla ' .'.".
Vntionil Lead Ciuuble Steel. Nova ' s'i'i i V v
Si ut in SI. el Middle States Oil and ' iin', e)hl,. . ":
Keuiinglon ixpeiMitpr Ui'llib hPin Stpcl i riMVlS "nnln
l.'is Pxpinmxe luninni'ls Hiilwnx St.ol X1,nfiT.rrJnTt"V
.M in Islpel ,XUO ta. ..
The.p js tintm.illv a good ill il nf sV'b"Yirl' xler '
eon ii chiie us In what Hie dei lining Hwlttlnt : ."
inoiciiienl might portend, tli.it is to sax. ''ioh Products
wl'.tl.ei 't xx.is Mix a shakuig oul Tr'ia'',.S!Ie''l'iu!!t!1"U"
pio.ess oi the ilehuite leiitlon whn ii I'nlted Xloturs
some Imi e hi en c xpec hug 'I he p, , . n,il"l,,1'7I'!'h?'"" ln"
1 fnimniue had little nboul it to clliieien- ' vnnsdlum ..
Hale it fieun sptln. ks xxllieli lline bun jyofl'1 F..1'""' .,
Miffpu-il fmm lii, i. in tin,.. ,,. ..,., UrlKTht-Martln Xlr
vxeeks Easier uinnci had IipIopiI tn
bnlstei sentiment to a coiisideialile ex- Ullnola ..
i tent I'ch Hie tune being bullisl I r'fnl'rle'lMpc
hi.uisli leanings siem about tn b ilain c .MnniUnl on niirninid
it
tors
Till Aak
"', lo'-i
.1 , (1
CI", ' 7
-JT'b 1h'
tXVi Hi's
. r.7
ti .IS
llll Hill
.11 , 4J
llll U2U
s 7
SH II
4iii sno
2ln s'.n
n it
s h'i
111 II.
, 7 tl
HU 14Xj
51 IS
i I
3 I
. SS II"
nt ii
- on
3Ti .11
. AV iH
. ni r.o
, v, v,
in an
IS "ill
'. i
. 21 JH4
11 1.'
an mi
.'I
jo
jn r,ii
J' MP,
hta 0
n s
ii 111
1J IT,
(d l3
h nn
ii inj
no r,:i
v. .1",
7Ti S
.' (l."4
". "4
T est "Idsn I
sal Jl
I"'.
100
1,(10
700
.100
4100
200
100
100
11100
500
29 JO
3001)
1,1)11
4300
'.100
50,1
141.00
1000
40(10
200
0H00
18 0(1
100
.1800
090
S00
800
1000
500
I IGOO
1000
no 10
8000
400
III)
200
100
r.oo
3000
100
I, III
200a
l.mlicott-Johnson pf
. lie
. . Kilo 1st pt
Fairbanks Co
8 r-imous PIiscrs-L
2 IVdeial Mill & Sm pf
I'ih-er Hoely Coip
31
IIS
101.
11,'b
20
8014
100' 1
ll'S
Lit
7l'iher.I3ody Corp pt 10S
. Cislv Hubber 5. "2
3 I in, port Toxasi. IS
2 Gaston Wins &WI? 31 ra
I. General ClRai Co . M
8 General Clcctrlo (o 171')
12 Genei il Motois Cor; :ii(.
(, 1, en Motors Corp pt Ml "a
1, i.en Motors Corp ilib S7
4 i.nodrlch ttV . M34
7 clie.it Northern pf H
1 Gi .Noitbern Oro ctfs ta
i,ieeno Cananea 1 op 43 4
. Gulf States Steel s
4 H.ibkell & Hatkei C,u f I n
7 Illinois Central . 0'8
1; In-p'ratlon Con Cop CI
.. Intel bor Con Coip i
.. Inter Con Corp pf 1S'2
. lilt ABrlcul Corp '.87s
5 Int Acrlcul Corp pf 00
.. hit llarxester .. . H''
. . im Mei Mailnei . ("..''a
li Int Mer Marine pf 1 ' a
.. International Nickel . "
. Intel national J'aper l.'i'4
fi Inter Paper pf stpd 77
.lewel Tea . '
7 .lewel Tea pf !
2 Jones Hros Tea . -II
. KnilB.cs City Southern 10 'a
4 KeJIy-SprK Tire . U'.'a
8 Kelly-bprfi T Xr. pf H'''2
. Kelsey Wheel Co 111
2 Kennecott Copper . 34 'a
83
354
.1!
1 'I
I0(.
IV,
2i'4
NS"2
llll.1 2
1112
111
107 "a
I'li'i
II,
20
f I's
1 1, 'I
110
son
si.H
84 12
8".'4
It
I
71.
1.2 '4
It's
(0
I's
IS
2 Mi
H(! "a
III
(0'a
H35a
is
( I '4
H.'-2
27
711
.11
IS
150
Hill's
107?,
.!!
S! -
17 '4
14 'a
3r."4- I 'a
3t - 3 'a
135 a- ,1'a
10(1 'i
in"s 'a
25 H '4 i
88'- I '4
10714
3414 I- I'-S
181 - I
107 l'a- 'a
aOhi- 2?a
4(1 -2
.V
K414 -ll.'l
-.1
10 -I0W
hf.'a I
M.4 1
S(, '
HI,
11 "4- '4
71. - H?,
(H'a- 14
I -1 " - H
lfl?e- a4
S'4-
IS!,- 1,
28 ('a (- a
90
141 r
t.i
112'a-
2S?4 -
(014 -77
r
IH
;i2
'2
'a
t
'4
l'a
1
I
I
7! -I
34 - ',
10 -I- fj,
t34?4 '4
10914- a4 I
I0734 4'
14 Vz - "a I
100 I' f. (' x. st 1.
1100 3 1'ennsxlvanla 11 It
77t.O . renn Seaboard Steel . 4", 14
too .. rconles Gas Chlcico 4 7
I'lOO .. Pern Mnrquelto .. .,
1100 Philadelphia Co
21000 . Plcrce-Arrow Motor
400 8 rieiee-Airow Mot lit 100
1100 . PJerco Oil Corp .. .21
1700 s Hlttshurfih Coal nf Pa. 04.
700 .. Ptts & West Va . 3114
H10 Pitts ,1 W Vapf SO 14
-s, 3400 1 l'ond Cieek Coal .. 2814
1-iet.seci. steel Car . Ill (a
8 Pullman Co l.'s
Puntn. Alesro Sugar.. ?S
2 Hay Connl Cop . . 21 H
8 Hallix.ix- Steel Spring 107
1 Heading1 8!34
2 ne.idini,- 2d pt .. 31.14
HemliiRton T)pewrlt 100
7 Iteming Tlpo 1st pf 101
fi Hepublle Hon 5. Steel IIS3
7 Hep hnn S. Steel pr .1011
4 It null Motor Truck.. 1
.l.'fiOO 8.70 Ho).il Dutch N Y ...II0H
1200 I SI losenli Lend . .. tr..
(1 Saxago Arms Coip .. 0(1
.. Saxon Motor '.'I's
. St L K in Fran I9a
.. St Louis Seiulhwtn . I41!
st 1 mils Southw pf.. ssli
spihmnl Air Lino pf 17?4
8 Seiis-noebuek Co ...210
( Sloss-Shenield S & I. 10
. Sinclair Conol Oil .. f.2?8
. Slnclafr Oil rts 94
'outhc rn Pacific .... I00f8
2 South I n SiiRai 2(fl
. Southern Hallway . 2014
5 Southern Haljway pt. (12Ja
8 Stewart Warner Sp.,100
4 Stiomberg Carb .... lotltt
4 Studebaker coip ... 110
5 Sttiu Moior . "...1,1014
.1 ,-iupcilor steel Coip
Tenn Cop & Chem
10 Texas Co ,
. Texas & Pacific
Tlilnl enuo
0 Tobacco Products
5 Trnnsue ,t Wms Steel. 1,8
. Tianscontlncntnl Oil . 57 94
union on
h In Ion Hag- & Paper
10 I'nloii Pacific .. ..
1 1 nlon Pacific, pf . .
4 I nltcd Alloy Steel
United DrUR Co ..
10 United Fruit Co ..
USCII'li Fdry .
. usrirs rdry pf. eiii
sis Kxpiecs 20
.. US Food Prod Corp. 88
.. Un Hy Inxestment .. 1014
.. In Hy Inxest pf . . . 221a
.. I nllcil Hetall Stores . 1 1 7 li
10 L S Ind Alcohol ...111
1 U S Ind Alembol rts . 1114
. U - Itealty & Imp . . .' 40
8 V Hiibber l.'i,
8 1 s Hul.bei 1st pf .. 11194
. I S Kul,Ler Full Pel. I4
B-l S .Smelling H ,S. M 7.T4
ti t S Steel ui',
7 U S Steel pf net
I tab copper 81
4 Va Caiollna Chem .. nji,
.. A a Hon Coal & Coko 77 'j
.. Vulcan DctlnninK Co. 20'4
.. Vtiknn Uetlnnlng pf . (I-,
.. Wabash in
.. Wabash pf A 31
.. Wabash pf i '.joii
. Western .Maryland .. li,
.. Western Paclflo .... 21
4 Western Pacltlo pf . SI
7 Western Union Tel "Sr.'-a
7 WcstliiKliouse A Hr !I7'4
4 Westlnghouio 1; ,x. M 57 a.
41 White Motor 7s
.. Whepllns & 1, Urle.. 15 n,
. Wheel & Lake V pf 31
5 Wilson S. Co ... . 85U
1 Wlll)s Oierluncl . . . my,
a Woolwotth V W .. 131
WoitliinBloii I'uiiip ,ius
sooo
000
.1400
000
9000
7200
100
5100
100
32000
.'no
200
500
2200
..'100
too
300
100
.100
11.700
30000
9000
27400
1110
2800
(1OO
(100
0000
30800
1000
.1100
500
' 1300
4800
200
7100
2000
11000
3700
500
1100
200
1.1400
300
300
3000
100
too
5000
200
100
54SO0
29100
.1500
ino
9000
200
700
8200
180110
800
1 1 00
1700
1100
100
100
000
1300
ion
300
100
200
too
200
9000
10100
2 100
100
1300
13000
200
2200
4S78
. 1.1
.311
. 54 A
. 10 "4
.101. 12
. 434
. 90
. 124 '2
. 071-a
. 55 34
.151
.190
33 ia
lj d.vldend.
tl.'x rUIUi
II
88 V
4 5 'a
3714
17H
22714
70J'a
11194
50
31
SOH
7714
4!
1I0JS
281
2r,34
51
oVs
89
17
uu
1714
1.5
38
4 8 'a
4814
3714
9094
00
128
110
Slli
1 00 'a
U
82 'a
S8'2
7 9a
17'4
4S
131,
71
i;.-
31S
I94
91
8514
(OH
84
9 "a
8
18
71
01
.17
131 '4
05
,4 114
4IJ'a
41 '
2.1 H
30 'a
84
HIS 14
1
03
Ii
SO 14
25
101
12?
7.194
21
10194
SI
3014
no "4
101
100
1(1194
5214
HIS
8715
5314
18!i
14 94
2714
I7'4
318
70
10H
9a
107
201
2x.
Cl'4
15014
0114
134
1201a
4014
1V?a
305
5i
15
10114
0514
8B4
1194
91
1'iV'a
17 14
81)4
150
180
3194
1,414
20
H514
1014
3114
11414
10714
38
41.
1I5'4
111',
11114
71
HIS
110
M'4
80
76
2014
91
10
291,
301a
11
5 4
80 I J
11614
5G
7014
1434
2 1
f-lli
35 'a
130,
104 94
Tolny'a Net
r i'loe Once.
11514-314
rail
01 314
4514 - '
37 14- J4
4794 Yi
32714 f'4
7014- 'H
11194
80
31 -
6 1 14- 14
,8 - 4
42 S-i
120
.251 - i4
204- H
85 ,
8314- 74
89
IS'4 r ?4
11 14 I
1814 r 1
01 Ja
29 14
1S14
1814- 114
3714- 14
9094 14
to - H
128 - 94
no 14
8l'a- 194
10074
18 - '4
8291- Vt
9114 3'i
73a - 14
1714- 14
1814 r V
11814- 4
7 194 1
8714- z'A
(17 - 1
.1194 3
1994- 'A
10014 Vi
80 - 14
8114- 194
85 14- 114
109a 9a
8-14
r.s - 114
73 - 2
(.7 - 14
37 A
' 1:1214-5
, 1114
12 - 14
45 - 1
2414 1
30J4 - H
811 - 514
109 - Ja
21 - '
194
94
'iJa
314
4
114
V-
94
14
(il -3114
J-
8014
27 -101
-125
-
7.194-
2.1 -
102J4-8194-
3014
9714 314
101 - 194
1I0H- 7T4
10414 I- 112
8214- 314
10714- 3'a
15 a8
87)4- 314
23J4- 114
19 - 94
1194- '4
28 - 34
17 94
218 4
7.1 - 4 14
ll- Ia
?- aa
10894 14
201 - 11
2014 1
.1294- 14
18014- 3)4
91 '4- 594
1,1014- 594
12014- H94
IB', - 9t
11 14
30814- 7
81 - 14
11.14 t
104 - I as
(18 - 24
57 14 -
4!'b-
95
15194
0714-
6314-
152 -
190 -
LOCALS WORKED LOWER ON
SENTIMENTAL INFLUENCES
Only Wide Variations Occurred in Speculative Specialties
Pyroteehnieal Rise hi Cramp's a Striking Contrast
1 rp vm lation, lodar'slncnl mnr-ineeted in Ameiiimi Klpirs. which re
cilT.,?0' V'inlnit mlr(, ,, , , ,,,. ,, . q
ii ...ii . "' ""' '' on; inniiiir.l, . ,, , . . ,, h AS
Outside of n few' speriallles. hnweier.l '"" ""' tnl' I'""" l'r """ "tfk. M
( Iwt ll ,.nll .. ' . -..! .. ... .1 ...."
... ..nciiiiiiiims were coiiliiiccl within " os in Hie teepiit naive spertnlties
nnrronx frnpllnnni itmi.. ...i.i.... .. .. . . ... . fi
of inntnmV.7.. """"'. im-; uuise.iiip w mer plunges iicciii rcu, JlcrtriQ
stocks in whip ,'."" "" ;,r". J1 .,'"":.i""K'- rfiirlnu the weaker spell ,.rotthd
l.n.t I . . . ---.. ''"". ... .... , . 1
u.i.i ueeu ciemeci. nun un) gitxe gioiinii ln Hie extent ot.
Tn other wotds. Hip imiket swung " '" 1 ,;i' ",,ilc c"'n,rnl Asphalt 1
itirel) inilependeut nf local deeloi. I''0"1"10" diuppcd ?S, to l.'M. Irtit in thip
leuts or eonditlniis, being Milch lullii -"'rdiliK tiiiiisactious inllied oxer S."?J
aepd. it iniglit be - lid. in In ii f, fiom ''"k'' Sllpi'iinr Cnrpniiitioti, in xxlitclfl
ent
men
eneed
iisentiinental mntlx . While the xaiin- "IP "'"'lit moiemeiitwiis out and out ot
tlotis. in omp crises w t ..!,!,. .....1 1 lull olu snu iihit ii p miuiii. ilrounpil St o.,-
violent, mid the niiiikit at inteiMils np. '" --'( '"'t it "l-o ngnltieci most ofj
pnrentlx' being extiemelx ibln. i in the Inst ninund . 1
no spot toulil theie he" diseetne'd teal ' iontmt with Hip tagged nppenrl
stun'-' "'"'l "' I"'' giiiiini ii-i. i lamps gavo J
leeliniial weakness in f Im mmket
...M.. .. ,!. .... . ..
in.-, cm me loiuiaiv, nip leecssions
n li p i re nt lx- met mideiljlnc liuxing oi
Hers, xx hiih are geiiernllx emounteipil
mintliPi pxeiling iiMotuhnltnl display!
in a sump iisp ot .-iiii i.i, lo -.ov pu.
xeix limited tlpalltiirs. makinir n net ndH
nt dlfTerent strntas in nil big mnrket ' xml"' of MI0 a slime within lliptnsvfl
swings. f 'tweiilj-rour hniiis, IipshIps estnhlisliins J
The heller nliMiinilon was poss.blj " ,'. '" 'Vu ,.'.? "' r 'i"l,,1 i i n .'
more xixldlj cxempllllid in Unhid (Ins1, '," -"i'"Kh of tho MojK is ensllr
Iinpioieuipnt. Ths m.kU is si. gled n if !' '"'!"" Ir' .'" ' T l'onnry of
r, in. .... .i.... i - .,'"." the Anieriuin ShiD.au Cnnniieu e slnck
n. i iiiiisiin, ,,,( uu Iu)sp oL i (, lei'l'lll ,, ,., ,.. . , ' ,, , V.
nnfc:n.. ii i.i... i . ... ,nn Hip 1) g cm hanee. whlph. npinrdlnc
i"'' ci. iiiiuiiiuk lunxpinpiii, XX II 1 ... ,, i ' r ,;, " ' , "
carried the piiie of tin stoik to tin- i ' V p,a,,H "r tho '"-'""K iinl . itrojn,
lowest in the last two dermics. ''Hie ,o ?.. ," Z JTvIT "'st,nK.'Vn
was a lenewal of the same selling this lfE?."imn J7. J, i1.'1 ' '!' K""1""5 1,","l
lnominir, mid it ennie pretty well fiom L('f" 1"l,ln,,1 " " , lh" '"n'rntion
about the same ipiaiter. Itut, what was! 's '""; '"' '"'Rnn n ion ot
olTeied found more icady takiirs. This "' ,'i K''x'. 'J', . ' llp ""l""''. tliroujtH
was demonstrated iu the first 1 our ulion1 , ),lf.t V'.1' ', A0,I,l!a' o1"?'1
...,,..,,, uin in, mil,.-, in mull- lllICIl
J i( points iill oxer Hie wotld mid, with.
Hip gieat Cimnp s shipxnuN, 3s in posl-
n block of KlOll shares was offeied ami
taken at ouh vn ecuipessloti of H point.
Not man) dnxs ago, stu It an nffeiing
would hnxe pioihned a deiline nf lift)
cents to u dollar, whieh .xv'ns often the
case between sales xihcn the stock was
being piessed for sale
Simllm absorption e opacity xxns le
linn lo sup pi iispii xuth new tonnnen
iideiiiate to its needs. It has $0,000,
000 in i.ish in its ticnsiii) Im Hip iU.
ilillsition of outside ships, (,,, (,at It
stmts its nix$laitiic heel eaie6t with ui(-
inmeii pn.xsiiai nml iinmulal resources.
9a
l'a
14
54
(A
1
4
1IJ4 54
0114 r 14
26 ..
ss4- 394
1014 ?B
22 Ka r Ja
HB14 Hi
100 - t
1014- 114
40 - 1
tU - 3U
11314- 114
lilH- 5U
74 J4 (- H
10114- 3
no - 14
194- 14
st!4- H
70)4- H4
2914 r 114
958
10
31 f- 'a
2014 s4
itii-i la
UNITED' STATES
GOVERNIV!
EiMT
LIBERTY LOKfl SECURITIES
Apprnx. Yield If Approt.
Called, nr If leldt
Bat Callable Dae (Selling nt Par Mnturllj
on fallible Unto
3i2 1932 1947 3.42 3.46
Zc'n 1922 1923 3.92 3.87
4 r 1932 1947 4.50 4.29
4 1927 1942 4.98 4.45
4',, 1932 1947 4.74 4.55
4ii 1927 1942 5.21 4.69
41470 1933 1938 4.09 4.77
43, 1922 1923 4.92 4.88
lA7r J 928 4.89
,50, $100, $500 AND $1000 DENOMINATIONS
FULL INFORMATION REGARDING TAX FEA.
TURES OF THE LIBERTY LOAN SECURITIES
WILL BE FURNISHED UPON REQUEST
QftTGOLYJERV & &Q.
CHICAGO
133 S. 4TII ST.
PHILADELPHIA
NEW YORK
XFJ,.rilU.K8l IIRLL. LOXII1AKU 4320) KKVSIONB, MAIN ZS84
GOX. i; It .. XI 15 .NT bECHHITlHU nilPAHT.MENT
81 - l
8014 1
11614- 29
SB - 1!
74-4
1395 1
t't - 314
38 W- U I
11094- 114 I
10814- 19a!
SI MIMII) iiii.s;
1HI1
7il
-!ialiilar.l Oil N t
, , ,. ., ,, i StaiulHrd em N X'
la ei aflpuioon the 1 Ll -
I S,,,.-., i Clll.s,
eai li eilhel
Tin. . ngli Hi
beliaxid in a iiianuii in imlii.ile ".hhI
i.b-.uptinn nf nfleiuigs and at inle. .V Wo on
nils tlieie win. suljslmiHal ndvauii's c'osdpii & Co
rinni the Ion levels of the il,i) The K'K n"'n
Sir.
7.'..
i-M
is.'.
075
:'so
llll)
721
125
LONDON STOCK MARKET
Our
MARKET REVIEW
this week contains somo intoicst
inn ai tides on. many active
stocks, sucli as
White Motor
Saxon Motor
Island Oi! & Transport
Vanadium Steel
Scut on request for V-iSl
HUGHES & DIER
'" ( ,i!l!:?AKSo"i,,r;.,ru"fnTgr!:d.
1435 Vixlnut St., Philadelphia
2XPIT lork Din.r $0 Proud St.
mils took iiii IiIIIp strength fnllowlug
tin fiixenable lepoiling of the Cummins
i.iilua.v lull in the Sinnte, iniitaiiiiiu
f.aluii's xihiili did nun li to iiPiilralli'
nhjutiiuis tn Hip iiipisiiii' Hi it stood
eiiigin.ilh. This xxns ciflspl, lmwexer,
li) Hip clliec lor geneial's lepoitul le
fusal to considi'i goieriiiiient i.ite ml -x.iiii
i s at tb" mi eling this afteinnnn be
tween xlr limps unci Hip r.ulwiu exeeu-
tius Aiinidiugh Itinding, St Haul,
Southern 1'aiilii ami olliiis, uflci gain-
i nig a point or so. niniuj 'lip. oils
1 and tnb ice us Hindi n good shnwing mid
not a fi xv of the speiialtiis ilispiuMil
ice upetatiw power. Tin hnal time was
IlllsPttll .1,
p-Sl'.UM( 11 mull, 31 Jfi.rs nf iigr,
lJ with expfrlcnrti rxlmllni: oi 1.1
lean lit nil ilfpartuirnOi of national
hank, cltalrrs pclnltloli xvllh hjnklnc
kwir, Xel.lrfk"
A 333, ITKIHU.R Ol'FirP,
' NEW YORK COFFEE MARKET
New Ymli. I), t 2". -Tin' maiket feu
IcolTee futillis opeueel ipuet at a decline
I of 1 to 4 points, with tnule inleiest
I inndetate'selleis.
After the opining the market coii
' luiueil leaetionai) witli prn es winking
sliglitH lowei. Hip olleiings being
i piniiiptl) nlisoibed nt the lire line b) n
rieuilhig npeiatoi who sold freel) )cs
I Hula) nml is believed to be oixeilng
! shoits linlnv.
I The market was xei.v sensitlxe tn
I ni dels eithei xxil) lJeceiuber snlil from
. l(!".0e Hi 1(1 lac, Alniih from HI. ino to
I 1(i. Kle, nnd Mppti'inber fom lu.-iic to
lit. 10c
Yftfrln ( i
I c lo-. eipAn n pi,
1 J.rf.mW Hill) II, IH 111. IS
it rrmtirr 10 VI HI .X 10 5'. , Toid-n fill Ba
XUrrh ,, . 10 40 Id 11 10 4 Coaclen l"o 111
2 . HI III Hi to 111 10'niiaalan Hnvt r.H
'july f" ,.. 1M9 IliM 10-1' JtuiaJan ejon 0V1,
Inter 1'rliul
lalalld Oil & I
clle-nn.rU em
Houatiin Oil
xierrUt till
Mot Petrol
Mldnet ell'
Ohio fuel
Dinar Oil & i,h
Sii)iii.a Itef
SpilUOJHll
.siinuia I'etrul
Mlielslr nuir
Sl,pK Oil
t-oulhwet i.ll
United Oil
X IiIIh Oil
XX'uo.lburn Oil
70
11
V4
81
K
u,,'.'4
17(1
20
4 '
IH
II
1
3H
II
7S'S
llll
U
3.1
88
5.14
172
is
'i's
No Change in Refined Sugars
I New Voih, Oil :V.. 1'iiees in old
Tone of Cllt-Edgedectlon Improves.. ''"I'..""' '""''" unilimwi'd at .le,
iuiicui uu, a a r ,s o J(ll 0Jt ()l. )lls)l f(l ,1(, Bimi.
Renewed Buying of Argentine Halls i latul ami 7 'J. foi inws, !Ki ih giee ceu-
I niiilmi Oct. -'I. 'I'l" stoil, nun hifugiils ltihinis an- slill xvlthdiawn
kits wen-'mini nnd iiiegulm again to """' ,l"'. maiket, ullncations of sm h
kus wili ipine mi" e. slll;ill ils , ,ual,. i,1(j Illiui0 t t.
dux, with the tendency nninug oppi.ih.is ,,nh SPS01S of ,ho IMaliiition boalcl
lu xxiili li mid "?i!t for linilhinentiin dc uuiinilttu'. No salts nt sngai xxeie ie-
Mi'lupincut. ' poilecl xestPMla) M 1I.P boaid TIip
1 ... 111.11 k nr ftl nun .i i cin I 'nlinu ia inncu-lnil
Theie was a belter tone In gilt "I.M ,", ","' 3, ", ,'
seiiiiities, lint homo mils xxeie II iblix
Dliiinonil issues weie again liiinxaiit
nuli
Dp Heeis weie iiimleil at -1. Mull
I Mocks weie cbeeiful in nit.
Itenewed l.u.xing XMi, in e idc n. e in
Aigenlitie mils, but Orand Tiunk is
sues weie dull.
I tn luue Minn 11 nerxnusiies'e xesterdnx
.in the lace nl heaxx Kuiupenii liuxing,
I Pun litsis foi .liiniiiiix 11 ip stead) nt
I .' ,1. while li l.lsi on I'uli. 1111, 1 ilnllt .,, let
"" ",, ....,,,,.. j ,,..,..
1111 1 (purled at T'jc.
XlanKi II c u
me 1.1 dca
llull Sew X.nk
llooli.n Xtiilll
C K S S. Jt 11 me
Con ArU
I'lrat .Nulliinjl
Portun 1 r him
lloldll. Ill C nn
CloMllel.l I'lorniKo
(Iniflllelil Khi in ia
CiiilillleM .Mraci'
Clren Alenaler
llecla Mining
ll.nx Sounil
Indfppiiclmit I pad
.leroina .nl
II111 llullpr
lumho Kxienmiin
XlcKlnlei Harriah
Marnia 1 opper
Xlothpr I.oiIp
Xlbipa ( (i nf AniPilea
Mlilaablg
Pay llenulps ....
HHI) lux . ,..
To.HT.ah hxt .
I'nllrd Xprdp
Xeat Hnil Con
While I a es
MINIMI sHK'Ks,
Gaston-Williams Pass Dividend
New 111I1, Oil. L'.! (jaslcni. "Vll-
lunis A. Wiginme passed the dlxidend of
mis iiiuiieii) at Hie liueling nt
I)
J
I
I'l
II
y
it.
117
II
.10
-'
42
14
I'l
so'3
nt
i.
.111
21
r.i
n
.1
I'l
.1
"
2S
III
711
4X
.11
II".
uin.inis tnilax. Anuoiiiu unent was
uiaile that dividual Mils passed hilaiise
of iiupiiicil e.iiniiigs due tn Hip nil wise,
exi hange situuHoii mid shipping 11 til -
Ullll.s ,
Bank of England Statement
I.11111I1111. O. t. 'J.I. The wi'iklx slate
uii'lit of the Hank of Ihigbiud slums tin
fullnwing changes: Tijtiil n-;'iw mi
ueiiscd i"i0 000, elienlntlnii dieiensi'il
"!I-J,000, bulllnii deciciisril ill.077
ntliei see unties im rented '."'
i,iil,ll, (liiKislts llllll'IIMIll tlSi.lHIO, OtllPI
,,,, ... , . .,.,,, , , - - -. - --":-'"---':.
deposits inueasul t ii.Min.uini, nines 1 as .11 1 tin 1 il 1111 exlia dividend of i'j
'riseive inueasul fJil-'.OOO. goveinmei1 pi 1 ,enl. in addition to icgulai iiinr(i'i'
sicuiitii's imiiasid 4 l.-HS.OOO. 'I lie H divide ml of 1 ". pei cent, pnjnhluXn.
IpiopoiHon of Hip hinl.'N icseive lo lla-I veinliei L". tu stock nf lecotd Oito-
liilitx this week 1 1,'t.SO per ent, hsi 1 bci .'!! Thue inimths ngo Hip coin
week it was IS. 70 Kate of discount ,'11 I'inv dulaied it icgulai cpiarhily divi
. I(llt dciul of 1 1, ppv cent, nml six pionllis
1 . 1 "to I'j pei cent etin mid the legulm
iiisiiui spim Hi-
American Brass Declares Extra
New ui, O.t. ''.'! AniPiir.in Itiass
L
miMis
im
101
4.'
, 13
11)1
101
41
IS
DIVIDENDS DECLARED
XVIra Whfpl cirporallnn of Anierl. h n
rrionl Noenibcr 1 . ,, . . 'ni111' No finix-i lp(mber Jnnuun I eh
sili-ci tlliniiru .' - ' .-- - '.. Uil'l aiUILIlt UHl'ini H'
New Ybrk Metal Market
,,c,,.,,M,... '., ;,. r ,,
i..Sn K-i.i.l Janu." 1 lo ito. I. ot rce.rel
ixennber If. . .. ta, ..r,
' ppr rent najjtl I VnvMJilirr 1 tork
Op
'd
liuldr of recurel Oi iiiber 3,
Mnrkpt
pk luilSpot nnd Oelnlipr d'tcalild
jxovpinbtr, He'einbpr Hnd Januur OaOJ
..15i- lirliet Mrune Hi''lt"r I'm St.
l.nul- fjiiot Oc inhpr Noveml.er ll.epmbpr,
I .nuar rebruars', 7 7097 "0c Market
t- iriiiir
Philadelphia Stocks J4
Low
101
IS",
10",
l t
i hei
I'll.!..
107, - 'I,
Ill . .
10'l U
10
117
!.".(!
.".I ..
It's
"7-
(I
11't M'i .
li'i 1)1
I7s
."IIU.
70
-f.'t's
!'.
-'.-. ',
N't
0".
:t
:ss
17- -Ji
r,(in,ii'.i
70 .. I
l.'Mj uh I
7,,. .. I
Ji) .. ,
:A
iin.h
."('."i Am Mis i,
SO Am (!ns pi
',t'n (!l Wsl id w.
I'i Coin win
-d puf JI0 210
111." Ill fstm IIS".. 1 I,'!
:t0 (ien Asp :S!i, ;;
20 Ins C. :', ;
70 Ixev Ti le 1 1 1 , ni
ir. tl.k ihb
. W II ',
1.VJ0 l.k S Cm 2.'7N
IOIILpIi di (IM,
17."i I.eli Viil I7;.
(ill tMidviib .-111.
2."i .Not C.nl 70
Mil Pu It It Iiti .
10 Pliila Co ::7L.
II.'i no i 'm pt .'ii",
tint Phil i:iu ',-. C
1M)S P It T tc 2!l
1,'!5 Ph Ti.ut till
:w."iToii iiii ,'t.i,.
200 Ton Iiu :,
l.",5 I'll Ti in t :ss
nih2 r : i . ,-,m'
ism) tr s wit ui.-.s im)
Ill Wist C 71 74
111) 1 ('lu'pJJO ''ir, 21.1 .Ti
t.N'ct iliiiin. liiailt'lu luinparlaiHi with laat
ale on .New iurk siutk Hxchanue
Halpaln IKINDS .tt
"'.';"J,i r .. "".n L'J Cl.iae dim
2 IJlfT c I in -
Tl Is (17 If, IJ7V5 (JTj '.i
1 Ilmvxood
i:ieo(is... !I7'( l)7'1i II7'1i Ml
l,eh Vol (Is 1011', 101 n, 101-ii . ,
10 Pn gen .Is, til in m 4 i.
12V- I'liiln Klee f
1tt fin ... !).'.!. ill nil. j i,.
Clfl'nd'K H-laMl 8-11,1, MMlb-Yt J
A Permanent Income of
$88 Annually on an '
Investment of $1,120.
Our Folder No. 350
describes die Preferred stock of
an old-line New England Conip.iny
established in 1856, which has
been doin a consistently profitable
business for 63 years.
Let ns show you how an investment
of $1,120 will return an annual income
of $88, or a yield of
7.86
Scint for Folder VI'Ij-150.
Hollister,"Wliite & Go.
INCORPORATED
North American Building
PHILADELPHIA
HOSTO.V P1.0'JDK.CIJ SPUINUnULO
1 '
J
J lii- rV
ii
".
.'is . .
as "i
lO'.l'K 2iH
Tt ,.
GKNKKAL ASPHALT PKKKKRRKD which was sollitiR a jenr ngo 1
at 70 is pv:llinK today aboi 200.
Thlfc is due to its CONVKRTIBjLlTY into CO.MJION STOCK on
basis of ono slinrc; Preferred to one and onohalf shares Common.
The rise in the Common Stoch is attributed to the xalue ot the 'com-
pany's oil hinds.
Wc are ofTerins, subject lo piior hale:
PANMBIE PROPkillG & RERHIHG CO. ;
8 Cumulative Convertible Sinking Fund Preferred.
Conveitiblc into Common Stock on basis of one sluue Piefeucd ta
two shares Common, Cuncnt eaminus aie repoitcd equal to S40 per '
shaie on Prefencd Stock and $7.25 on Common Stock after Pre- J
fcircd dividends.
Price 97 and accrued dividend to pay 8.25
Puichascis of Preferred Stock have ptixilcgo of purchasing, at $25I
por,s,hnic,ono hhare of Common Stock for each two shuies of Pre-rf
ferrcd Stock. 8
HARRISON & CO.
BANKERS
JOt SOUTH FOURTH STREET ?
I'lllLAin'.i.viiix ait
Xjlemtr Jftw York and phjlartelphta. Slock Echnjte.
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